
Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 98.3%
Alabama — 4.1%
Alabama State, Port Authority, Ser A, AMT, RB, AGM
5.000%, 10/01/2026	$	1,000	$	1,018
Black Belt, Energy Gas District, RB
4.000%, 06/01/2051 (A)		5,570		5,505
Black Belt, Energy Gas District, Ser A, RB
5.250%, 05/01/2055 (A)		4,550		4,795
Black Belt, Energy Gas District, Ser A-1, RB
4.000%, 12/01/2049 (A)		5,000		5,001
Black Belt, Energy Gas District, Ser B, RB
5.250%, 12/01/2053 (A)		290		307
5.000%, 10/01/2055 (A)		2,600		2,708
Black Belt, Energy Gas District, Ser C-1, RB
5.250%, 02/01/2053 (A)		1,000		1,041
Black Belt, Energy Gas District, Ser D, RB
5.000%, 11/01/2034		2,000		2,113
Black Belt, Energy Gas District, Ser D-1, RB
5.500%, 06/01/2049 (A)		2,500		2,617
Jefferson County, Refunding Warrants, RB
5.000%, 09/15/2029		3,400		3,498
Jefferson County, Sewer Revenue Refunding Warrants, RB
5.250%, 10/01/2040		2,000		2,106
5.250%, 10/01/2041		1,000		1,045
5.250%, 10/01/2043		1,500		1,544
5.000%, 10/01/2032		2,500		2,719
5.000%, 10/01/2038		5,345		5,598
Lower Alabama, Gas District, RB
4.000%, 12/01/2050 (A)		5,000		4,989
Lower Alabama, Gas District, Ser A, RB
5.000%, 09/01/2028		4,800		4,976
5.000%, 09/01/2031		640		672
Southeast Alabama, Energy Authority, Cooperative District, Ser A-1, RB
5.500%, 01/01/2053 (A)		4,920		5,189
5.500%, 11/01/2053 (A)		500		534
Southeast Alabama, Energy Authority, Cooperative District, Ser B-1, RB
5.750%, 04/01/2054 (A)		2,500		2,708
Southeast Alabama, Gas Supply District, Ser A, RB
5.000%, 08/01/2054 (A)		2,000		2,082
Southeast Energy Authority A Cooperative District, Ser C, RB
5.000%, 05/01/2055 (A)		1,500		1,571

				64,336

Alaska — 0.1%
Alaska State, International Airports System, Ser B, RB
5.000%, 10/01/2032		700		768


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Northern Alaska, Tobacco Securitization, Ser A, RB
4.000%, 06/01/2036	$	615	$	596

				1,364

Arizona — 2.4%
Arizona State, Board of Regents, Ser S, RB
5.000%, 07/01/2038		5,500		5,931
Arizona State, Industrial Development Authority, American Charter Schools Foundation Project, RB
6.000%, 07/01/2037 (B)		1,635		1,674
Arizona State, Industrial Development Authority, Equitable School Project, RB
4.000%, 11/01/2036		4,570		4,347
Arizona State, Industrial Development Authority, Equitable School Revolving Fund, RB
5.000%, 11/01/2040		350		357
5.000%, 11/01/2041		925		938
Arizona State, Industrial Development Authority, Legacy Cares Project, RB
7.750%, 07/01/2050 (B)(C)		3,560		107
Arizona State, Industrial Development Authority, Macombs Facility Project, Ser A-SUSTAIN, RB
4.000%, 07/01/2051		750		615
Arizona State, Industrial Development Authority, Municipal Certificates, Ser 2019-2, RB
3.625%, 05/20/2033		2,779		2,628
Chandler, Industrial Development Authority, AMT, RB
4.000%, 06/01/2049 (A)		6,800		6,697
Maricopa County, Industrial Development Authority, Banner Health Project, Ser A, RB
5.000%, 01/01/2031		2,250		2,304
Maricopa County, Industrial Development Authority, Christian Care Surprise Project, RB
5.750%, 01/01/2036 (B)		1,560		1,395
Maricopa County, Industrial Development Authority, Commercial Metals Company Project, AMT, RB
4.000%, 10/15/2047 (B)		305		252
Phoenix, Civic Improvement Authority, Junior Lien, Ser A, RB
5.000%, 07/01/2030		500		501
5.000%, 07/01/2032		1,095		1,097
Phoenix, Civic Improvement Authority, Junior Lien, Ser B, AMT, RB
5.000%, 07/01/2030		2,100		2,202


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Phoenix, Industrial Development Authority, Downtown Phoenix Student Housing, ASU Project, RB
5.000%, 07/01/2029	$	350	$	358
5.000%, 07/01/2032		115		116
5.000%, 07/01/2033		355		359
Salt Verde, Financial Corp, Gas Revenue, RB
5.000%, 12/01/2032		2,500		2,629
Tempe, Industrial Development Authority, Friendship Village Project, RB
4.000%, 12/01/2027		355		353
4.000%, 12/01/2028		365		363
4.000%, 12/01/2029		385		381
Tempe, Industrial Development Authority, Mirabella at ASU Project, Ser A, RB
6.000%, 10/01/2037 (B)		1,200		887
5.500%, 10/01/2027 (B)		695		642

				37,133

Arkansas — 0.2%
Arkansas State, University of Central Arkansas, Auxiliary Project, Ser C, RB, AMBAC
6.125%, 04/01/2026		345		353
Arkansas State, University of Central Arkansas, Student Fee Project, Ser B, RB, AMBAC
6.125%, 04/01/2026		345		352
Fort Smith, Water & Sewer Revenue, RB
5.000%, 10/01/2035		1,500		1,550

				2,255

California — 6.4%
Bay Area, Toll Authority, RB
2.270%, 04/01/2056 (A)		1,115		1,091
Bay Area, Toll Authority, Ser I, RB, TD BANK N.A.
0.750%, 04/01/2059 (A)(D)		600		600
Burbank-Glendale-Pasadena, Airport Authority Brick Campaign, Ser B, AMT, RB
5.000%, 07/01/2035		2,000		2,120
California County, Tobacco Securitization Agency, Ser A, RB
5.000%, 06/01/2025		200		200
California State, Community Choice Financing Authority, Clean Energy Project, RB
5.000%, 12/01/2053 (A)		565		585
5.000%, 02/01/2055 (A)		5,640		5,972
5.000%, 11/01/2055 (A)		2,000		2,056
5.000%, 01/01/2056 (A)		2,760		2,936


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Community Choice Financing Authority, Clean Energy Project, Ser B-1, RB
4.000%, 02/01/2052 (A)	$	7,520	$	7,431
California State, Community Choice Financing Authority, Clean Energy Project, Ser D, RB
5.500%, 05/01/2054 (A)		6,350		6,662
California State, Community Choice Financing Authority, Clean Energy Project, Ser E, RB
5.000%, 02/01/2055 (A)		5,000		5,249
California State, Enterprise Development Authority, M@College Project, Ser A, RB
5.000%, 08/01/2045		370		371
California State, GO
5.000%, 08/01/2026		2,000		2,052
5.000%, 09/01/2028		3,000		3,073
5.000%, 09/01/2029		1,500		1,535
5.000%, 09/01/2030		3,395		3,472
5.000%, 03/01/2036		430		482
5.000%, 11/01/2042		1,500		1,592
3.000%, 03/01/2046		2,000		1,536
California State, Housing Finance Agency, Certificates, Ser 2021-1, RB
3.500%, 11/20/2035		2,807		2,606
California State, Infrastructure & Economic Development Bank, Brightline West Passenger Rail Project, Sub-Ser B, AMT, RB
9.500%, 01/01/2065 (A)(B)		2,500		2,422
California State, Infrastructure & Economic Development Bank, Equitable School Revolving Fund, RB
5.000%, 11/01/2039		410		423
5.000%, 11/01/2042		760		770
California State, Municipal Finance Authority, Caritas Project, Ser A, RB
4.000%, 08/15/2037		1,055		1,016
California State, Municipal Finance Authority, Orchard Park Student Housing Project, RB, BAM
4.000%, 05/15/2034		1,170		1,186
California State, Public Finance Authority, Hoag Memorial Hospital Presbyterian, RB
4.000%, 07/15/2036		370		376
California State, Ser C, GO
5.000%, 09/01/2030		5,015		5,037
Cathedral, Redevelopment Agency, Successor Agency, TA, BAM
4.000%, 08/01/2033		750		754


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Golden State, Tobacco Securitization Project, Ser A, RB, ST APPROP
Pre-Refunded @ 100
5.000%, 06/01/2025 (E)	$	3,000	$	3,000
Golden State, Tobacco Securitization Project, Ser A1, RB
5.000%, 06/01/2026 (F)		1,450		1,479
Golden State, Tobacco Securitization Project, Ser A1, RB
Pre-Refunded @ 100
5.000%, 06/01/2028 (E)		4,960		5,263
Golden State, Tobacco Securitization Project, Sub-Ser B-2, RB
0.000%, 06/01/2066 (G)		6,375		684
Inland Empire, Tobacco Securitization, Ser E, RB
0.000%, 06/01/2057 (B)(G)		68,900		4,235
Los Angeles Department of Water & Power, Ser A, RB, BAM
5.250%, 07/01/2044		1,300		1,365
5.250%, 07/01/2046		500		521
5.000%, 07/01/2039		750		794
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser S, AMT, RB
5.000%, 05/15/2033		535		565
Los Angeles, Department of Water & Power, Ser E, RB
5.000%, 07/01/2034		4,100		4,468
Riverside County, Transportation Commission, RB
4.000%, 06/01/2038		1,000		963
San Francisco City & County, Airport Comm-San Francisco International Airport, Ser ES-, AMT, RB
5.000%, 05/01/2035		2,500		2,672
San Francisco City & County, Redevelopment Agency Successor Agency, Transbay Infrastructure Projects, TA, AGM
5.000%, 08/01/2048		425		435
San Jose-Evergreen, Community College District, Ser C-ELECTION, GO
4.000%, 09/01/2041		2,600		2,564
Southern California, Water District, Ser A, RB
Pre-Refunded @ 100
5.000%, 07/01/2025 (E)		3,000		3,005
Stockton, Successor Agency, Redevelopment Agency, Ser A, TA, AGM
5.000%, 09/01/2030		1,750		1,790
5.000%, 09/01/2031		1,815		1,854

				99,262


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Colorado — 2.4%
Broomfield, Special Revenue Refunding and Improvements, Ser A, GO, AGC
5.000%, 12/01/2030	$	190	$	204
5.000%, 12/01/2031		420		456
Colorado State, Bridge & Tunnel Enterprise, Ser A, RB, AGM
5.000%, 12/01/2043		1,310		1,356
Colorado State, Department of Transportation, COP
5.000%, 06/15/2030		350		355
5.000%, 06/15/2031		500		508
Colorado State, Educational & Cultural Facilities Authority, Ascent Classical Academy Project, RB
5.250%, 04/01/2039 (B)		1,000		1,001
Colorado State, Educational & Cultural Facilities Authority, Loveland Classical Schools Project, RB
5.000%, 07/01/2046 (B)		500		469
Colorado State, Health Facilities Authority, AdventHealth, RB
Pre-Refunded @ 100
5.000%, 11/19/2026 (A)(E)		235		242
Colorado State, Health Facilities Authority, Commonspirit Health Project, RB
5.250%, 11/01/2036		1,135		1,220
Colorado State, Health Facilities Authority, Commonspirit Health Project, Ser A, RB
5.000%, 08/01/2034		1,500		1,567
5.000%, 08/01/2037		1,000		1,022
Colorado State, Health Facilities Authority, Commonspirit Health Project, Ser A-, RB
4.000%, 08/01/2044		2,550		2,211
Colorado State, Health Facilities Authority, Covenant Living Communities Project, RB
4.000%, 12/01/2040		205		187
Colorado State, Health Facilities Authority, Intermountain Health, Ser A, RB
5.000%, 05/15/2036		375		403
5.000%, 05/15/2037		230		246
Colorado State, Health Facilities Authority, Intermountain Health, Ser B, RB
5.000%, 05/15/2034		855		951
Denver City & County, Airport System Revenue Authority, Ser A, AMT, RB
5.000%, 11/15/2030		1,250		1,286
Denver City & County, Airport System Revenue Authority, Ser A, RB
5.000%, 11/15/2031		1,000		1,023


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Denver City & County, Airport System Revenue Authority, Ser D, AMT, RB
5.500%, 11/15/2032	$	280	$	313
5.500%, 11/15/2033		1,030		1,148
Denver City & County, Airport System Revenue Authority, Sub-Ser A, AMT, RB
5.000%, 12/01/2031		2,000		2,068
Denver, Convention Center Hotel Authority, RB
5.000%, 12/01/2029		400		405
5.000%, 12/01/2031		855		865
5.000%, 12/01/2032		1,200		1,213
5.000%, 12/01/2034		1,000		1,008
5.000%, 12/01/2035		800		805
5.000%, 12/01/2036		600		603
Park Creek, Metropolitan District, Ser A, RB, AGM
4.000%, 12/01/2032		1,000		1,011
Regional Transportation District, COP
5.000%, 06/01/2033		1,400		1,563
Regional Transportation District, Eagle P3 Project, RB
5.000%, 01/15/2029		600		628
5.000%, 07/15/2031		1,200		1,273
5.000%, 07/15/2032		1,020		1,078
Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado, Ser A, GO
5.000%, 04/01/2035 (B)		5,405		5,692
University of Colorado, Enterprise Project, RB
2.000%, 06/01/2051 (A)		270		268
Vauxmont Metropolitan District, Sub-Ser, GO, AGM
5.000%, 12/15/2026		220		226
Weld County, School District No. RE-4, GO, ST AID WITHHLDG
5.000%, 12/01/2042		2,000		2,093

				36,967

Connecticut — 1.5%
Connecticut State, Health & Educational Facilities Authority, Covenant Home Project, Ser B, RB
5.000%, 12/01/2036		1,230		1,232
Connecticut State, Health & Educational Facilities Authority, Ser A-3-YALE, RB
2.950%, 07/01/2049 (A)		1,335		1,331
Connecticut State, Housing Finance Authority, RB, GNMA/FNMA/FHLMC
4.000%, 05/15/2047		130		130
Connecticut State, Ser A, GO
4.000%, 01/15/2036		1,105		1,110
Connecticut State, Ser C, GO
5.000%, 06/15/2026		2,460		2,511


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Connecticut State, Ser E, GO
5.000%, 09/15/2029	$	4,000	$	4,246
Connecticut State, Ser F, GO
5.000%, 11/15/2038		4,460		4,851
Connecticut State, Ser G, GO
5.000%, 11/15/2041		1,500		1,595
Connecticut State, Special Tax Obligation, Transportation Infrastructure, Ser A, RB
4.000%, 05/01/2036		1,300		1,309
University of Connecticut, Ser A, RB, ST APPROP
5.000%, 05/01/2038		4,740		5,040

				23,355

District of Columbia — 0.9%
District of Columbia, Ser A, RB
5.000%, 07/01/2041		4,000		4,166
District of Columbia, Ser B, GO
5.000%, 06/01/2025		1,150		1,150
District of Columbia, Tobacco Settlement Financing, Ser A, RB
0.000%, 06/15/2046 (G)		3,125		786
Metropolitan Washington, Airports Authority, Sub-Ser, RB
4.000%, 10/01/2035		1,000		995
Metropolitan Washington, Transit Authority, Ser A, RB
4.000%, 07/15/2039		3,000		2,847
Metropolitan Washington, Transit Authority, Ser S, RB
5.000%, 07/15/2040		3,250		3,432

				13,376

Florida — 5.9%
Alachua County, Health Facilities Authority, RB
5.000%, 12/01/2037 (A)		4,000		4,054
Broward County, Airport System Revenue, AMT, RB
5.000%, 10/01/2034		1,300		1,315
5.000%, 10/01/2035		2,000		2,019
Capital Projects Finance Authority, Florida University Project, Ser A-1, RB
5.000%, 10/01/2027		365		375
Central Florida, Expressway Authority, Ser D, RB, AGM
5.000%, 07/01/2035		1,500		1,613
Escambia County, Health Facilities Authority, RB
4.000%, 08/15/2045		640		544
4.000%, 08/15/2050		1,900		1,542


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Florida State, Capital Trust Agency, University Bridge, Student Housing Project, RB
5.250%, 12/01/2043 (B)	$	3,000	$	2,942
Florida State, Development Finance, Brightline Project, AMT, RB
12.000%, 07/15/2032 (A)(B)		3,465		3,597
8.250%, 07/01/2057 (A)(B)		1,600		1,629
5.500%, 07/01/2053		2,075		1,948
Florida State, Development Finance, Brightline Project, AMT, RB, AGM
5.250%, 07/01/2053		3,625		3,562
Florida State, Higher Educational Facilities Financial Authority, Ringling College Project, RB
5.000%, 03/01/2037		1,295		1,301
Florida State, Municipal Power Agency, Ser A, RB
5.000%, 10/01/2030		1,500		1,530
Florida State, Sunshine Skyway Bridge, Ser A, RB
4.000%, 07/01/2033		2,930		2,957
Greater Orlando, Aviation Authority, AMT, RB
5.000%, 10/01/2035		1,000		1,069
5.000%, 10/01/2036		100		106
Hillsborough County, Industrial Development Authority, RB
5.000%, 11/15/2029		3,525		3,793
Hillsborough County, Solid Waste & Resource Recovery Revenue, Ser A, AMT, RB
5.000%, 09/01/2031		3,695		3,764
JEA Electric System Revenue, Ser Three, RB
5.000%, 10/01/2034		4,870		5,184
5.000%, 10/01/2035		3,000		3,172
JEA Water & Sewer System Revenue, Ser A, RB
5.000%, 10/01/2035		1,000		1,061
5.000%, 10/01/2045		1,000		1,034
Lee County, Airport Revenue, AMT, RB
5.250%, 10/01/2049		2,750		2,781
Lee County, Industrial Development Authority, Shell Point, RB
4.125%, 11/15/2029		120		120
Miami-Dade County, Aviation Revenue, Ser A, AMT, RB
5.000%, 10/01/2034		5,000		5,343
5.000%, 10/01/2036		920		966
Miami-Dade County, Educational Facilities Authority, University of Miami Project, Ser A, RB
5.250%, 04/01/2047		3,500		3,575


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Miami-Dade County, Seaport Department, Ser A, AMT, RB
5.000%, 10/01/2038	$	440	$	449
Miami-Dade County, Water & Sewer System Revenue, RB
4.000%, 10/01/2034		1,750		1,780
Miami-Dade County, Water & Sewer System Revenue, Ser B, RB
5.000%, 10/01/2041		2,500		2,640
Orange County, Convention Center, RB
5.000%, 10/01/2026		755		760
Orange County, Tourist Development Tax Revenue, Ser B, RB
5.000%, 10/01/2032		3,270		3,325
Osceola County, Transportation Revenue, Ser A-2, RB
0.000%, 10/01/2025 (G)		125		123
0.000%, 10/01/2026 (G)		275		262
0.000%, 10/01/2027 (G)		360		330
Palm Beach County, Health Facilities Authority, Retirement Life Community Project, RB
5.000%, 11/15/2032		5,850		5,930
Seminole County, Industrial Development Authority, Legacy Pointe at UCF Project, RB
5.250%, 11/15/2039		3,660		3,520
South Miami, Health Facilities Authority, Baptist Health South Florida, RB
5.000%, 08/15/2031		3,000		3,095
St. Johns County, Industrial Development Authority, Vicars Landing Project, RB
4.000%, 12/15/2046		305		231
St. Johns County, School Board, Ser A, COP, AGM
5.000%, 07/01/2041		1,600		1,664
Tampa, Cigarette Tax Allocation, Ser A, RB
0.000%, 09/01/2036 (G)		305		184
The Villages, Community Development District No. 13, Wildwood, SAB
3.000%, 05/01/2029		765		736
1.800%, 05/01/2026		120		118
The Villages, Community Development District No. 14, Leesburg, SAB
5.125%, 05/01/2037		1,165		1,194
4.750%, 05/01/2032		190		195
The Villages, Community Development District No. 15, Wildwood, SAB
4.200%, 05/01/2039 (B)		1,000		934
Wildwood, Utility Dependent District, South Sumter Utility Project, RB, BAM
5.000%, 10/01/2035		550		589

				90,955


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Georgia — 2.5%
Atlanta, Department of Aviation, Ser B, AMT, RB
5.000%, 07/01/2035	$	1,500	$	1,579
5.000%, 07/01/2036		1,000		1,045
Atlanta, Water & Wastewater Revenue Authority, Sub-Ser, RB, BAM
5.000%, 11/01/2032		7,850		8,794
Bartow County, Development Authority, RB
3.950%, 12/01/2032 (A)		930		942
Fulton County, Development Authority, RB
5.000%, 04/01/2033		1,000		1,022
Gainesville & Hall County, Hospital Authority, RB
3.000%, 02/15/2051		1,200		814
George L Smith II, Georgia World Congress Center Authority, Convention Center Hotel, RB
5.000%, 01/01/2036 (B)		710		711
4.000%, 01/01/2054		1,000		816
Georgia State, Housing & Finance Authority, Single Family Mortgage, Ser A, RB
5.000%, 12/01/2042		210		215
Georgia State, Main Street Natural Gas, Ser A, RB
5.000%, 05/01/2054 (A)		880		924
5.000%, 06/01/2055 (A)		665		699
Georgia State, Main Street Natural Gas, Ser A1, RB
5.500%, 09/15/2028		1,915		2,016
Georgia State, Main Street Natural Gas, Ser B, RB
5.000%, 07/01/2053 (A)		1,705		1,774
5.000%, 12/01/2054 (A)		675		711
Georgia State, Main Street Natural Gas, Ser C, RB
5.000%, 09/01/2053 (A)		1,665		1,740
5.000%, 12/01/2054 (A)		1,000		1,042
4.000%, 03/01/2050 (A)		6,640		6,654
Georgia State, Main Street Natural Gas, Ser D, RB
5.000%, 04/01/2054 (A)		90		94
Georgia State, Main Street Natural Gas, Ser E-1, RB
5.000%, 12/01/2053 (A)		1,225		1,282
Georgia State, Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project, RB
5.000%, 01/01/2035		1,500		1,556
Georgia State, Municipal Electric Authority, Project One Subordinated, Sub-Ser, RB
5.000%, 01/01/2036		2,955		3,214


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Monroe County, Development Authority, Georgie Power Company Project, Plant Scherer, RB
3.875%, 10/01/2048 (A)	$	260	$	260
1.000%, 07/01/2049 (A)		730		697

				38,601

Guam — 0.3%
Guam, Power Authority, Ser A, RB
5.000%, 10/01/2032		2,000		2,166
5.000%, 10/01/2033		2,205		2,393

				4,559

Hawaii — 0.2%
Hawaii State, Airports System Revenue, Ser A, AMT, RB
5.000%, 07/01/2032		3,000		3,086
Honolulu, City & County, Ser A, GO
5.000%, 07/01/2041		250		266

				3,352

Idaho — 0.2%
Idaho State, Housing & Finance Association, Single Family Mortgage, Ser C, RB, GNMA/FNMA/FHLMC
5.750%, 01/01/2053		2,380		2,553


Illinois — 8.9%
Chicago, Board of Education, Dedicated Capital Improvement, RB
5.250%, 04/01/2035		380		409
5.250%, 04/01/2036		645		690
5.000%, 04/01/2033		500		507
5.000%, 04/01/2034		620		628
5.000%, 04/01/2036		445		450
Chicago, Board of Education, Ser A, GO
5.000%, 12/01/2032		1,435		1,471
Chicago, Board of Education, Ser B, GO
5.000%, 12/01/2027		650		665
5.000%, 12/01/2028		100		103
Chicago, Board of Education, Ser D, GO
5.000%, 12/01/2046		640		582
Chicago, Midway International Airport, Senior Lien Airport Revenue Refunding Bonds, Ser C, AMT, RB
5.000%, 01/01/2040		2,000		2,015
Chicago, O'Hare International Airport, AMT, RB
5.000%, 01/01/2036		1,040		1,079
Chicago, O'Hare International Airport, RB, AGM
5.000%, 01/01/2038		1,890		2,008


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Chicago, O'Hare International Airport, RB, BAM
5.000%, 01/01/2035	$	1,515	$	1,646
5.000%, 01/01/2037		1,130		1,210
Chicago, O'Hare International Airport, Ser A, AMT, RB
5.000%, 01/01/2036		1,290		1,307
5.000%, 07/01/2038		1,500		1,511
Chicago, O'Hare International Airport, Ser B, RB
5.000%, 01/01/2033		1,665		1,701
5.000%, 01/01/2035		3,500		3,518
Chicago, Ser A, GO
5.500%, 01/01/2035		3,020		3,118
5.250%, 01/01/2045		2,750		2,688
5.000%, 01/01/2044		2,000		1,910
4.000%, 01/01/2036		5,550		5,198
Chicago, Ser C, GO
5.000%, 01/01/2026 (F)		1,130		1,142
Chicago, Transit Authority, RB
5.000%, 12/01/2046		1,500		1,447
Chicago, Wastewater Transmission Revenue, RB, BAM
5.000%, 01/01/2041		305		318
5.000%, 01/01/2042		1,750		1,811
Chicago, Waterworks Revenue, RB
5.000%, 11/01/2026		1,820		1,866
Chicago, Waterworks Revenue, Ser 2017-2, RB, AGM
5.000%, 11/01/2035		5,000		5,108
Chicago, Waterworks Revenue, Ser A, RB
5.000%, 11/01/2039		2,750		2,876
Chicago, Waterworks Revenue, Ser B, RB, AGM
5.000%, 11/01/2037		470		495
5.000%, 11/01/2038		1,150		1,203
Cook County, Community College District No. 508, GO, BAM
5.000%, 12/01/2038		100		104
5.000%, 12/01/2039		800		827
Cook County, Ser A, GO
5.000%, 11/15/2033		450		482
Cook County, Tax Revenue Authority, RB
5.000%, 11/15/2035		4,000		4,105
Cook County, Tax Revenue Authority, Ser A, RB
5.000%, 11/15/2031		60		65
Illinois State, Finance Authority, Chicago International Charter School Project, RB
5.000%, 12/01/2037		1,500		1,513
Illinois State, Finance Authority, Health Care System Project, Ser A, RB
5.000%, 11/15/2029		1,885		1,890


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Illinois State, Finance Authority, Northshore - Edward-Elhmhurst Health Credit Group, Ser A, RB
5.000%, 08/15/2047	$	2,000	$	2,006
Illinois State, Finance Authority, RB
4.000%, 02/15/2041		2,080		1,895
Illinois State, Finance Authority, RB
Pre-Refunded @ 100
4.000%, 02/15/2027 (E)		65		66
Illinois State, Finance Authority, University Medical Center Project, Ser B, RB
5.000%, 11/15/2034		2,000		2,000
Illinois State, Finance Authority, University of Chicago Project, Ser A, RB
5.250%, 04/01/2045		1,550		1,606
Illinois State, Finance Authority, University of Illinois Chicago Project, RB
5.000%, 02/15/2026		500		502
5.000%, 02/15/2027		200		202
5.000%, 02/15/2029		400		405
5.000%, 02/15/2031		365		368
Illinois State, GO
5.500%, 05/01/2030		3,750		3,950
5.000%, 11/01/2036		2,970		2,993
Illinois State, Housing Development Authority, Homeowner Mortgage, Ser C, RB
3.500%, 08/01/2046		385		384
Illinois State, Housing Development Authority, Ser D, RB, GNMA/FNMA/FHLMC
5.500%, 10/01/2053		1,275		1,356
Illinois State, Housing Development Authority, Ser E, RB, GNMA/FNMA/FHLMC
5.250%, 10/01/2052		2,740		2,852
Illinois State, Housing Development Authority, Ser H, RB, FNMA/GNMA/FHLMC
5.750%, 10/01/2053		365		387
Illinois State, Housing Development Authority, Ser I, RB, GNMA/FNMA/FHLMC
6.000%, 10/01/2055		810		888
Illinois State, Housing Development Authority, Ser K, RB, FNMA/GNMA/FHLMC
5.250%, 10/01/2043		1,200		1,234
4.950%, 10/01/2038		1,100		1,112
Illinois State, Municipal Electric Agency, Ser A, RB
4.000%, 02/01/2035		3,000		2,954
Illinois State, Rebuild Illinois Program, Ser B, GO
4.000%, 11/01/2035		2,800		2,722
Illinois State, Regional Transportation Authority, RB, NATL
6.500%, 07/01/2030		1,500		1,663


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Illinois State, Regional Transportation Authority, Ser A, RB, NATL
6.000%, 07/01/2031	$	1,000	$	1,112
Illinois State, Ser A, GO
5.500%, 03/01/2042		670		701
Illinois State, Ser B, GO
5.000%, 10/01/2030		2,500		2,603
5.000%, 03/01/2031		2,000		2,139
4.000%, 10/01/2035		4,020		3,896
Illinois State, Ser C, GO
5.000%, 12/01/2042		2,850		2,894
4.000%, 10/01/2037		215		203
4.000%, 10/01/2048		4,265		3,549
Illinois State, Ser D, GO
5.000%, 11/01/2025		1,585		1,597
5.000%, 11/01/2028		1,000		1,033
Illinois State, Sports Facilities Authority, RB, BAM
5.000%, 06/15/2029		1,500		1,577
Illinois State, Toll Highway Authority, Ser A, RB
5.250%, 01/01/2043		2,090		2,201
5.250%, 01/01/2045		1,910		1,993
5.000%, 01/01/2038		340		366
Kendall Kane & Will Counties, School District No. 308, Ser A, GO, AGM
5.000%, 02/01/2027		1,055		1,088
Metropolitan Pier & Exposition Authority, McCormick Place Expansion Project, RB
5.000%, 12/15/2031		250		257
5.000%, 12/15/2032		255		262
5.000%, 12/15/2033		300		307
5.000%, 12/15/2034		400		409
4.000%, 12/15/2042		1,895		1,691
Railsplitter, Tobacco Settlement Authority, RB
Pre-Refunded @ 100
5.000%, 06/01/2026 (E)		2,500		2,551
Rock Island County, School District No. 41, Ser A, GO, AGC
5.000%, 01/01/2032		500		545
5.000%, 01/01/2034		650		715
Sales Tax Securitization, RB
5.000%, 01/01/2034		2,500		2,712
Sales Tax Securitization, Ser A, RB
5.000%, 01/01/2026		360		364
5.000%, 01/01/2028		380		396
5.000%, 01/01/2033		4,465		4,879
5.000%, 01/01/2036		4,500		4,726
Sales Tax Securitization, Ser A, RB, BAM
5.000%, 01/01/2037		200		208


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Sales Tax Securitization, Ser C, RB
5.000%, 01/01/2037	$	635	$	666

				138,851

Indiana — 1.3%
Danville, Multi-School Building, RB, ST INTERCEPT
5.000%, 01/15/2031		500		545
5.000%, 01/15/2032		800		878
5.000%, 07/15/2032		500		551
5.000%, 01/15/2033		500		552
5.000%, 07/15/2033		555		613
Indiana State, Finance Authority, CHF - Tippecanoe, LLC, Student Housing Project, RB
5.000%, 06/01/2038		200		204
Indiana State, Finance Authority, Wastewater Utility Revenue, CWA Authority Project, Ser S, RB
4.000%, 10/01/2035		2,725		2,748
4.000%, 10/01/2036		1,485		1,487
Indiana State, Finance Authority, Water Utility Revenue, Citizens Energy Group Project, RB
5.000%, 10/01/2035		2,585		2,854
Indiana State, Housing & Community Development Authority, Ser B-1, RB, GNMA
3.250%, 07/01/2049		210		208
Indianapolis, Local Public Improvement Bond Bank, Indiana Convention Center Hotel, RB
5.500%, 03/01/2038		1,400		1,476
Northwest, Allen School Building, RB, ST INTERCEPT
5.000%, 07/15/2037		460		500
5.000%, 07/15/2041		400		421
Richmond, Hospital Authority, Reid Hospital Project, RB
5.000%, 01/01/2035		3,400		3,401
Westfield-Washington, Multi-School Building, Ser A, RB, BAM ST INTERCEPT
5.250%, 07/15/2037		2,520		2,791
Whiting, Industry Environmental Facilities, BP Products North America Project, AMT, RB
4.400%, 11/01/2045 (A)		1,000		1,012

				20,241

Iowa — 0.4%
Iowa State, Finance Authority, Iowa Fertilizer Company Project, RB
Pre-Refunded @ 100
5.000%, 12/01/2032 (E)		2,515		2,825


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Iowa State, Finance Authority, Ser A, RB, GNMA/FNMA/FHLMC
5.250%, 07/01/2053	$	930	$	967
Iowa State, Student Loan Liquidity Corporation, Ser B, AMT, RB
5.000%, 12/01/2032		1,130		1,190
Iowa State, Tobacco Settlement Authority, Ser A-2, RB
4.000%, 06/01/2035		500		491
Iowa State, Tobacco Settlement Authority, Sub-Ser B-1, RB
4.000%, 06/01/2049		60		60
PEFA, Gas Project Revenue, RB
5.000%, 09/01/2049 (A)		1,000		1,011

				6,544

Kentucky — 0.9%
Kentucky State, Public Energy Authority, Gas Supply, Ser C-1, RB
4.000%, 12/01/2049 (A)		4,000		4,000
Kentucky State, Public Energy Authority, Ser A, RB
5.250%, 06/01/2055 (A)		500		524
Kentucky State, Public Energy Authority, Ser A-1, RB
5.250%, 04/01/2054 (A)		2,250		2,381
4.000%, 08/01/2052 (A)		2,945		2,919
Kentucky State, Public Energy Authority, Ser B, RB
5.000%, 01/01/2055 (A)		2,750		2,891
Louisville & Jefferson County, Metropolitan Government & Health System, RB
5.000%, 10/01/2047 (A)		1,175		1,198

				13,913

Louisiana — 0.8%
Louisiana State, Gasoline & Fuels Tax Revenue, Ser A, RB
3.545%, 05/01/2043 (A)		380		379
Louisiana State, Public Facilities Authority, Department of Public Safety Crime Lab Project, RB, AGC
5.000%, 08/01/2031		400		440
5.000%, 08/01/2032		165		183
Louisiana State, Public Facilities Authority, Lincoln Preparatory School Project, Ser A, RB
6.125%, 06/01/2037 (B)		400		398
Louisiana State, Public Facilities Authority, Tulane University Project, Ser A, RB
5.000%, 12/15/2030		3,000		3,078
New Orleans, Aviation Board, AMT, RB
5.000%, 01/01/2034		2,250		2,389
5.000%, 01/01/2036		1,695		1,787


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Orleans, Aviation Board, Consolidated Rental Car Facility Project, RB, AGM
5.000%, 01/01/2031	$	1,260	$	1,305
5.000%, 10/01/2036		1,550		1,593
St. John the Baptist Parish, Marathon Oil Project, RB
2.200%, 06/01/2037 (A)		1,000		981
St. John the Baptist Parish, Marathon Oil Project, Sub-Ser, RB
2.375%, 06/01/2037 (A)		590		580

				13,113

Maine — 0.0%
Maine State, Health & Higher Educational Facilities Authority, Ser A, RB, AGM
4.000%, 07/01/2035		195		193
4.000%, 07/01/2037		265		258

				451

Maryland — 1.5%
Maryland Economic Development, RB
5.000%, 07/01/2048 (A)(B)		1,500		1,463
Maryland State, Community Development Administration, RB, FNMA
4.000%, 08/01/2039		1,935		1,842
Maryland State, Community Development Administration, Ser C, RB
3.500%, 03/01/2050		290		289
Maryland State, Department of Transportation, AMT, RB, AGC
5.000%, 08/01/2031		1,000		1,069
Maryland State, Department of Transportation, RB
4.000%, 10/01/2032		1,500		1,516
Maryland State, Health & Higher Educational Facilities Authority, Adventist HealthCare, RB
5.500%, 01/01/2036		2,000		2,028
Maryland State, Health & Higher Educational Facilities Authority, University of Maryland Medical System, Ser B, RB
5.000%, 07/01/2032		5,000		5,149
Maryland State, Stadium Authority, RB
5.000%, 06/01/2036		2,670		2,945
Maryland State, Transportation Authority, Transportation Facilities Project, Ser S, RB
5.000%, 07/01/2034		3,065		3,463
Prince George's County, Episcopal Life Project, RB
5.000%, 04/01/2031		2,000		1,995


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Prince George's County, Ser A, GO
5.000%, 08/01/2042	$	2,000	$	2,129

				23,888

Massachusetts — 1.8%
Massachusetts State, Development Finance Agency, Caregroup, Ser H, RB
5.000%, 07/01/2025		415		415
Massachusetts State, Development Finance Agency, Emerson College, RB
5.000%, 01/01/2026		465		469
5.000%, 01/01/2027		145		148
Massachusetts State, Development Finance Agency, Milford Regional Medical Center Project, Ser S, RB
5.000%, 07/15/2025 (F)		120		120
Massachusetts State, Development Finance Agency, Northeastern University, RB
5.000%, 10/01/2028		300		320
5.000%, 10/01/2029		250		271
Massachusetts State, Development Finance Agency, Partners Health Care System, RB
2.570%, 07/01/2049 (A)(B)		550		550
Massachusetts State, Development Finance Agency, RB
5.000%, 07/01/2029		435		456
Massachusetts State, Development Finance Agency, Suffolk University Project, RB
5.000%, 07/01/2035		150		150
Massachusetts State, Development Finance Agency, UMass Student Housing Project, RB
5.000%, 10/01/2027		2,965		2,999
Massachusetts State, Educational Financing Authority, AMT, RB
5.000%, 07/01/2030		1,125		1,171
5.000%, 07/01/2031		1,500		1,580
Massachusetts State, Educational Financing Authority, Ser B, AMT, RB
5.000%, 07/01/2027		915		939
5.000%, 07/01/2028		1,750		1,812
5.000%, 07/01/2029		1,925		2,002
Massachusetts State, Port Authority, Bosfuel Project, Ser A, AMT, RB
5.000%, 07/01/2030		1,330		1,395
Massachusetts State, Port Authority, Ser A, AMT, RB
5.000%, 07/01/2029		1,855		1,907
Massachusetts State, Port Authority, Ser A, RB
5.000%, 07/01/2031		1,250		1,251
Massachusetts State, Ser A, GO
5.000%, 01/01/2037		2,500		2,609


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Massachusetts State, Ser D, GO
4.000%, 05/01/2034	$	6,500	$	6,603

				27,167

Michigan — 2.1%
Detroit, Downtown Development Authority, Catalyst Development Project, TA
5.000%, 07/01/2040		2,000		2,091
5.000%, 07/01/2048		825		831
Detroit, Regional Convention Facility Authority, Ser C, RB
5.000%, 10/01/2036		1,355		1,441
5.000%, 10/01/2037		215		227
Gerald R Ford International Airport Authority, AMT, RB
5.000%, 01/01/2040		1,245		1,286
Great Lakes, Water Authority, Sewage Disposal System, RB
5.000%, 07/01/2038		1,750		1,886
Great Lakes, Water Authority, Water Supply System, Ser A, RB
5.000%, 07/01/2037		430		468
Great Lakes, Water Authority, Water Supply System, Ser C, RB
5.000%, 07/01/2031		3,665		3,724
Imlay, Community Schools, Ser I, GO, Q-SBLF
5.000%, 05/01/2029		420		454
Michigan State, Finance Authority, Beaumont-Spectrum Consolidation, RB
5.000%, 04/15/2033		3,610		3,946
Michigan State, Finance Authority, Hospital Trinity Health Credit, RB
5.000%, 12/01/2034		2,000		2,053
Michigan State, Finance Authority, McLaren Health Care, RB
0.750%, 10/15/2025		235		233
Michigan State, Finance Authority, RB
5.250%, 02/28/2041		450		467
5.250%, 02/28/2042		2,200		2,268
5.250%, 02/28/2043		800		823
4.125%, 02/29/2044		600		549
Michigan State, Hospital Finance Authority, Ascension Health Care Project, Ser Senior CR, RB
5.000%, 11/15/2047		345		348
Michigan State, Housing Development Authority, Ser B, RB
5.750%, 06/01/2054		1,995		2,117
3.750%, 06/01/2050		120		120
Michigan State, Housing Development Authority, Ser D, RB
3.400%, 06/01/2030		640		629


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Michigan State, Strategic Fund, I-75 Improvement Project, AMT, RB
5.000%, 12/31/2031	$	3,500	$	3,614
Michigan State, Strategic Fund, Various Consumer Energy Companies, AMT, RB
3.350%, 10/01/2049 (A)		345		338
Wayne County, Airport Authority, Ser D, RB
5.000%, 12/01/2030		1,300		1,303
5.000%, 12/01/2031		1,800		1,805

				33,021

Minnesota — 1.2%
Apple Valley, Senior Living Project, RB
5.500%, 01/01/2029		1,320		1,320
5.500%, 01/01/2031		1,085		1,085
5.250%, 01/01/2037		475		274
Cass Lake-Bena, Independent School District No. 115, Ser A, GO, SD CRED PROG
4.000%, 02/01/2040		2,395		2,319
Minneapolis & St. Paul, Metropolitan Airports Commission, Ser C, RB
5.000%, 01/01/2029		300		309
5.000%, 01/01/2031		300		308
Minneapolis & St. Paul, Metropolitan Airports Commission, Sub-Ser B, AMT, RB
4.000%, 01/01/2038		915		872
Minneapolis & St. Paul, Metropolitan Airports Commission, Sub-Ser, AMT, RB
5.000%, 01/01/2036		3,355		3,537
Minneapolis, Fairview Health Services, Ser A, RB
5.000%, 11/15/2035		2,845		2,902
Minnesota State, Agricultural & Economic Development Board, RB
5.000%, 01/01/2037		1,530		1,625
Minnesota State, Higher Education Facilities Authority, St. Olaf College, RB
3.000%, 10/01/2038		250		209
3.000%, 10/01/2041		1,000		784
Minnesota State, Municipal Power Agency, Ser A, RB
5.000%, 10/01/2027		600		602
Minnesota State, Public Facilities Authority State Revolving Fund, Ser A, RB
5.000%, 03/01/2033		3,000		3,035

				19,181

Mississippi — 0.2%
Mississippi State, ABC Warehouse Construction, RB
5.000%, 10/01/2034		145		162
5.000%, 10/01/2036		265		290


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Mississippi State, Gaming Tax Revenue, Ser A, RB
5.000%, 10/15/2029	$	300	$	313
5.000%, 10/15/2030		850		885
Mississippi State, Gaming Tax Revenue, Ser E, RB
5.000%, 10/15/2029		1,000		1,005

				2,655

Missouri — 0.4%
Missouri State, Health & Educational Facilities Authority, CoxHealth, Ser A, RB
5.000%, 11/15/2034		3,000		3,010
Missouri State, Health & Educational Facilities Authority, SSM Health Care Project, Ser A, RB
5.000%, 06/01/2032		720		785
Missouri State, Housing Development Commission, RB, GNMA/FNMA/FHLMC
3.875%, 05/01/2050		475		475
St Louis, Industrial Development Authority, Confluence Academy Project, RB
5.500%, 06/15/2042 (B)		2,350		2,133

				6,403

Nebraska — 1.0%
Central Plains, Energy Project, Ser A, RB
5.000%, 09/01/2036		4,860		5,127
5.000%, 09/01/2042		730		747
5.000%, 05/01/2054 (A)		1,020		1,051
Nebraska State, Investment Finance Authority, Ser G, RB, GNMA/FNMA/FHLMC
5.150%, 09/01/2043		1,100		1,125
4.950%, 09/01/2038		550		564
Omaha, Airport Authority, AMT, RB, AGC
5.000%, 12/15/2032		1,335		1,433
5.000%, 12/15/2033		2,050		2,200
5.000%, 12/15/2034		1,000		1,072
Omaha, Public Power District, Ser A, RB
5.000%, 02/01/2041		1,700		1,782
Washington County, Waste Water Authority, AMT, RB
0.900%, 09/01/2030 (A)		700		695

				15,796

Nevada — 0.4%
Clark County, School District, Ser A, GO
5.000%, 06/15/2039		2,115		2,218
Las Vegas, Ser B, GO
5.000%, 06/01/2038		2,000		2,172
Reno, Sales Tax Revenue, First Lien, RB
5.000%, 06/01/2037		590		608


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Reno, Sales Tax Revenue, Second Lien, RB, AGM
5.000%, 06/01/2033	$	400	$	418

				5,416

New Hampshire — 0.1%
New Hampshire State, National Finance Authority, Springpoints Senior Living Project, RB
4.000%, 01/01/2029		300		296
4.000%, 01/01/2030		285		280
4.000%, 01/01/2031		290		283

				859

New Jersey — 4.0%
New Jersey Institute of Technology, Ser A, RB, BAM
5.000%, 07/01/2041		2,000		2,118
New Jersey State, COVID-19 Emergency Bonds, GO
4.000%, 06/01/2032		3,070		3,227
New Jersey State, COVID-19 Emergency Bonds, GO
4.000%, 06/01/2031		1,000		1,049
New Jersey State, Economic Development Authority, Continental Airlines Project, AMT, RB
5.625%, 11/15/2030		1,160		1,161
New Jersey State, Economic Development Authority, Provident Group Montclair Project, RB, AGM
5.000%, 06/01/2027		995		1,028
New Jersey State, Economic Development Authority, School Facilities Construction, Ser GGG, RB
5.250%, 09/01/2025 (B)		2,000		2,010
New Jersey State, Educational Facilities Authority, Montclair State University, RB, AGM
5.000%, 07/01/2037		810		885
New Jersey State, Educational Facilities Authority, Ser A, RB
5.000%, 07/01/2064 (A)		2,000		2,210
New Jersey State, Health Care Facilities Financing Authority, Inspira Health Obligated Group, RB
5.000%, 07/01/2036		2,250		2,291
New Jersey State, Health Care Facilities Financing Authority, Valley Health System Obligated Group, RB
5.000%, 07/01/2033		2,590		2,734


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Higher Education Student Assistance Authority, Ser A, AMT, RB
5.000%, 12/01/2030	$	1,400	$	1,473
New Jersey State, Higher Education Student Assistance Authority, Ser B, AMT, RB
5.000%, 12/01/2028		1,450		1,512
New Jersey State, Tobacco Settlement Financing, Ser A, RB
5.000%, 06/01/2035		10,000		10,149
New Jersey State, Transportation Trust Fund Authority, Federal Highway Reimbursement Notes, RB
5.000%, 06/15/2028		2,000		2,035
5.000%, 06/15/2029		3,500		3,557
New Jersey State, Transportation Trust Fund Authority, RB
5.250%, 06/15/2039		2,500		2,644
5.000%, 06/15/2038		1,000		1,048
New Jersey State, Transportation Trust Fund Authority, Ser A, RB
5.250%, 06/15/2039		3,000		3,210
5.000%, 06/15/2032		2,305		2,525
New Jersey State, Transportation Trust Fund Authority, Ser AA, RB
5.250%, 06/15/2041		2,000		2,109
5.000%, 06/15/2038		1,250		1,313
New Jersey State, Transportation Trust Fund Authority, Ser BB, RB
5.000%, 06/15/2038		3,000		3,160
New Jersey State, Transportation Trust Fund Authority, Ser CC, RB
5.000%, 06/15/2034		710		780
New Jersey State, Transportation Trust Fund Authority, Ser S, RB
5.000%, 06/15/2032		1,250		1,306
New Jersey State, Turnpike Authority, Ser A, RB
5.000%, 01/01/2033		2,230		2,282
New Jersey State, Turnpike Authority, Ser C, RB
5.000%, 01/01/2042		1,015		1,060
South Jersey Port, Marine Terminal, Sub-Ser B, AMT, RB
5.000%, 01/01/2032		900		923
5.000%, 01/01/2033		425		435
5.000%, 01/01/2034		570		582
5.000%, 01/01/2036		570		578
South Jersey, Transportation Authority, Ser A, RB, BAM
4.000%, 11/01/2039		1,500		1,405

				62,799


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Mexico — 0.4%
New Mexico State, Hospital Equipment Loan Council, Ser A, RB
5.000%, 08/01/2044	$	5,000	$	4,945
Santa Fe, Retirement Facilities Revenue, El Castillo Retirement Project, RB
5.000%, 05/15/2034		600		608

				5,553

New York — 8.4%
Build NYC Resource, Kipp Public School, Canal West Project, RB
5.000%, 07/01/2029		450		473
5.000%, 07/01/2031		525		558
Long Island, Power Authority, Ser A, RB
4.000%, 09/01/2037		1,980		1,979
Long Island, Power Authority, Ser B, RB
0.850%, 09/01/2050 (A)		1,500		1,488
Metropolitan New York, Transportation Authority, Ser A-2, RB
5.000%, 11/15/2045 (A)		500		521
Metropolitan New York, Transportation Authority, Ser C-1, RB
5.000%, 11/15/2031		4,000		4,137
4.000%, 11/15/2032		1,500		1,503
Metropolitan New York, Transportation Authority, Ser D-1, RB
5.000%, 11/15/2029		1,000		1,004
Metropolitan New York, Transportation Authority, Ser E, RB
5.000%, 11/15/2032		2,190		2,359
Metropolitan Transportation Authority, RB
5.250%, 11/15/2043		1,000		1,043
5.000%, 11/15/2033		3,000		3,315
Monroe County, Industrial Development Authority, University of Rochester Project, Ser A, RB
5.000%, 07/01/2028		1,325		1,381
Nassau County, Local Economic Assistance, Catholic Health Services of Long Island Project, RB
5.000%, 07/01/2029		1,000		1,001
New York & New Jersey, Port Authority, AMT, RB
5.000%, 09/01/2035		5,000		5,149
5.000%, 01/15/2036		1,000		1,047
5.000%, 08/01/2039		605		617
New York & New Jersey, Port Authority, Ser 246, AMT, RB
5.000%, 09/01/2030		2,000		2,128
New York City, Housing Development Authority, RB
4.000%, 12/15/2031		500		508


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York City, Housing Development Authority, RB, FHA
4.600%, 08/01/2048	$	1,090	$	1,034
New York City, Industrial Development Agency, Queens Baseball Stadium Project, RB, AGM
3.000%, 01/01/2033		330		310
3.000%, 01/01/2034		740		681
New York City, Industrial Development Agency, Yankee Stadium Project, RB, AGM
5.000%, 03/01/2028		110		116
5.000%, 03/01/2030		100		107
New York City, Ser A, GO
5.000%, 08/01/2035		1,000		1,111
5.000%, 08/01/2036		200		220
New York City, Ser A-1, GO
4.000%, 08/01/2037		4,000		3,947
New York City, Ser C, GO
4.000%, 08/01/2036		2,750		2,734
New York City, Ser F-1, GO
4.000%, 03/01/2038		1,500		1,474
New York City, Sub-Ser B, GO
5.250%, 10/01/2041		6,240		6,620
5.000%, 10/01/2033		280		310
New York City, Sub-Ser C-SUB, GO
5.000%, 09/01/2038		2,000		2,147
New York City, Sub-Ser G-SUBSER, GO
5.000%, 02/01/2039		985		1,059
New York City, Transitional Finance Authority, Building Aid Revenue, Sub-Ser S1A, RB, ST AID WITHHLDG
5.000%, 07/15/2035		1,650		1,743
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser B-1, RB
4.000%, 11/01/2043		1,350		1,235
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser, RB
5.000%, 05/01/2038		1,040		1,121
5.000%, 05/01/2041		1,000		1,050
New York City, Transitional Finance Authority, Sub-Ser D, RB
5.500%, 05/01/2052		2,000		2,119
New York City, Transitional Finance Authority, Sub-Ser D-1, RB
5.000%, 11/01/2041		3,000		3,149
New York City, Water & Sewer System Authority, RB
1.400%, 06/15/2049 (A)		2,000		2,000
New York City, Water & Sewer System, Finance Authority, RB
1.500%, 06/15/2044 (A)		1,200		1,200


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York City, Water & Sewer System, Finance Authority, Sub-Ser, RB
3.000%, 06/15/2040	$	1,800	$	1,447
New York State, Dormitory Authority, Pace University, Ser A, RB
5.250%, 05/01/2043		560		569
New York State, Dormitory Authority, Prefunded School Districts, RB, AGM
Pre-Refunded @ 100
5.000%, 10/01/2028 (E)		5		5
New York State, Dormitory Authority, RB
4.000%, 03/15/2038		4,840		4,702
New York State, Dormitory Authority, RB
Pre-Refunded @ 100
4.000%, 03/15/2032 (E)		5		5
New York State, Dormitory Authority, RB, AGC
5.250%, 10/01/2040		1,000		1,074
New York State, Dormitory Authority, Ser 2015B-B, RB
5.000%, 03/15/2032		2,500		2,510
5.000%, 03/15/2033		2,500		2,508
New York State, Dormitory Authority, Ser A, RB
5.250%, 07/01/2039		760		806
5.000%, 03/15/2041		1,000		1,051
New York State, Dormitory Authority, Ser E, RB
3.000%, 03/15/2041		1,500		1,185
New York State, Liberty Development Authority, 1 World Trade Center Project, Ser 1WTC, RB
2.750%, 02/15/2044		610		424
New York State, Liberty Development Authority, 4 World Trade Center Project, RB
2.875%, 11/15/2046		1,170		801
1.200%, 11/15/2028		1,355		1,215
New York State, Thruway Authority, Ser A-1-GROUP, RB
4.000%, 03/15/2036		2,895		2,895
3.000%, 03/15/2049		5,000		3,504
New York State, Transportation Development Corporation, Delta Air Lines Inc, AMT, RB
5.000%, 01/01/2034		4,000		4,023
5.000%, 10/01/2040		2,625		2,595
New York State, Transportation Development Corporation, Delta Air Lines Inc, LaGuardia Airport Terminals C&D Redevelopment Project, AMT, RB
4.000%, 10/01/2030		4,550		4,456


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York State, Transportation Development Corporation, JFK International Airport Project, AMT, RB
5.500%, 06/30/2039	$	1,000	$	1,045
5.500%, 06/30/2041		850		879
5.375%, 06/30/2060		1,250		1,242
5.250%, 06/30/2043		2,500		2,514
5.000%, 12/01/2025		115		116
5.000%, 12/01/2036		4,000		4,115
5.000%, 12/01/2037		3,000		3,061
New York State, Transportation Development Corporation, JFK International Airport Project, AMT, RB, AGM
5.500%, 06/30/2043		1,200		1,246
5.250%, 06/30/2039		250		265
4.250%, 06/30/2042		4,000		3,758
New York State, Utility Debt Securitization Authority, Ser B, RB
5.000%, 12/15/2035		1,825		1,856
Suffolk Regional Off-Track Betting, RB
5.750%, 12/01/2044		1,750		1,791
Triborough, Bridge & Tunnel Authority, RB
5.250%, 12/01/2054		2,500		2,588
0.000%, 11/15/2036 (G)		905		559
TSASC, Tobacco Settlement Bonds, Ser A, RB
5.000%, 06/01/2030		525		533
5.000%, 06/01/2031		525		532
Westchester County, Local Development, Westchester Medical Center Project, RB, AGM
5.000%, 11/01/2047		750		763
Westchester, Tobacco Asset Securitization, Ser B, RB
5.000%, 06/01/2031		2,000		2,028

				130,364

North Carolina — 1.0%
Charlotte, Airport Revenue, Douglas International Airport, AMT, RB
5.000%, 07/01/2037		2,250		2,336
Charlotte-Mecklenburg, Hospital Authority, Atrium Health Group, RB
5.000%, 01/15/2049 (A)		5,000		5,454
Cumberland County, Industrial Facilities & Pollution Control Financing Authority, AMT, RB
3.750%, 12/01/2027 (A)		1,750		1,750
Greater Asheville, Regional Airport Authority, Ser A, AMT, RB, AGM
5.000%, 07/01/2031		445		475


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
North Carolina State, Housing Finance Agency, RB, GNMA/FNMA/FHLMC
3.750%, 07/01/2052	$	1,355	$	1,355
North Carolina State, Housing Finance Agency, Ser 5, RB, GNMA/FNMA/FHLMC
6.250%, 01/01/2056		485		539
North Carolina State, Medical Care Commission, Penick Village Project, Ser A, RB
5.500%, 09/01/2044		1,380		1,335
North Carolina State, Medical Care Commission, Retirement Facilities First Mortgage, RB
5.000%, 01/01/2029		285		284
North Carolina State, Medical Care Commission, The Forest at Duke Project, RB
4.000%, 09/01/2041		830		717
North Carolina State, Medical Care Commission, Twin Lakes Community, Ser A, RB
5.000%, 01/01/2038		605		602
North Carolina State, Medical Care Commission, United Methodist Retirement Homes, RB
4.250%, 10/01/2028		265		265
North Carolina State, Turnpike Authority, RB, AGM
5.000%, 01/01/2034		1,000		1,048

				16,160

North Dakota — 0.1%
North Dakota State, Housing Finance Agency, Home Mortgage Finance Program, RB
4.500%, 07/01/2043		760		740
3.550%, 07/01/2033		380		367
North Dakota State, Housing Finance Agency, Home Mortgage Finance Program, Ser D, RB
5.500%, 01/01/2031		990		1,090

				2,197

Ohio — 2.5%
Buckeye, Tobacco Settlement Financing Authority, Ser A-2, RB
5.000%, 06/01/2032		4,325		4,515
Buckeye, Tobacco Settlement Financing Authority, Ser B, RB
5.000%, 06/01/2055		1,850		1,601
Cuyahoga County, Hospital Revenue, Metrohealth System, RB
5.000%, 02/15/2037		3,000		2,977


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Hamilton County, Tax Revenue Authority, Ser A, RB
4.000%, 12/01/2032	$	1,600	$	1,609
Ohio State, Air Quality Development Authority, RB
4.000%, 09/01/2030 (A)		990		997
Ohio State, Higher Educational Facility Commission, Cleveland Health System Project, RB
1.300%, 01/01/2039 (A)		2,000		2,000
Ohio State, Hospital Facility Authority, Childrens Hospital Center, RB
5.000%, 08/15/2054 (A)		2,000		2,170
Ohio State, Hospital Facility Authority, Cleveland Clinic Health Project, RB
5.000%, 01/01/2031		1,250		1,300
2.750%, 01/01/2052 (A)		480		471
Ohio State, Portsmouth Bypass Project, AMT, RB, AGM
5.000%, 12/31/2027		655		656
Ohio State, Water Development Authority, Fresh Water Bonds, Ser A, RB
5.000%, 12/01/2040		5,545		5,952
Ohio State, Water Development Authority, Water Pollution Control Loan Fund, Ser A, RB
5.000%, 12/01/2041		4,000		4,273
Ohio State, Water Development Authority, Water Pollution Control Loan Fund, Ser B, RB
5.000%, 12/01/2042		7,000		7,371
Port of Greater Cincinnati, Development Authority, RB
5.000%, 12/01/2038		495		532
5.000%, 12/01/2041		1,000		1,050
Warren County, Healthcare Facilities, Otterbein Homes Obligated Group, RB
5.000%, 07/01/2037		1,015		1,060
5.000%, 07/01/2038		775		800

				39,334

Oklahoma — 0.1%
Canadian County, Educational Facilities Authority, Mustang Public Schools Project, RB
5.000%, 09/01/2033		930		1,022
Grand River, Dam Authority, Ser A, RB
5.000%, 06/01/2041		405		424
Oklahoma State, Turnpike Authority, Ser B, RB
5.000%, 01/01/2039		410		440

				1,886


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Oregon — 0.6%
Marion & Polk County, Salem-Keizer School District No. 24J, Ser B, GO, SCH BD GTY
5.000%, 06/15/2025	$	275	$	275
Oregon State, Facilities Authority, Legacy Health Project, Ser A, RB
5.000%, 06/01/2035		2,500		2,517
5.000%, 06/01/2046		2,500		2,449
Oregon State, GO
5.000%, 05/01/2040		1,970		2,105
Port of Portland, Airport Revenue, Portland International Airport, Ser THIRT, AMT, RB
5.250%, 07/01/2040		1,250		1,310
Umatilla County, School District No. 8R Hermiston, Ser A, GO, SCH BD GTY
0.000%, 06/15/2027 (G)		1,000		930

				9,586

Pennsylvania — 8.9%
Allegheny County, Hospital Development Authority, Allegheny Health Network Project, RB
5.000%, 04/01/2030		5,000		5,187
Allentown, Neighborhood Improvement Zone Development Authority, City Center Project, RB
5.000%, 05/01/2042 (B)		1,850		1,780
Bucks County, Industrial Development Authority, Lane Charter School Project, RB
5.125%, 03/15/2036		2,000		2,007
Coatesville School District, RB, AG ST AID WITHHLDG
5.250%, 11/15/2040		1,420		1,502
Doylestown, Hospital Authority, RB
5.000%, 07/01/2031 (B)		835		874
Lancaster County, Hospital Authority, Penn State Health, RB
5.000%, 11/01/2046		2,000		1,992
Lancaster, School District, Ser A, GO, BAM ST AID WITHHLDG
5.000%, 06/01/2031		550		603
5.000%, 06/01/2032		750		829
Luzerne County, Industrial Development Authority, America Water Project, AMT, RB
2.450%, 12/01/2039 (A)		2,500		2,210
Montgomery County, Higher Education & Health Authority, Thomas Jefferson University Project, RB
5.000%, 09/01/2033		2,815		2,913


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Montgomery County, Industrial Development Authority, Retirement Communities Revenue, RB
5.000%, 11/15/2036	$	4,485	$	4,516
Moon Township, Industrial Development Authority, Presbyterian Health Care Project, RB
5.625%, 07/01/2030		1,810		1,662
Pennsylvania State, Commonwealth Financing Authority, Tobacco Master Settlement, RB
5.000%, 06/01/2026		2,995		3,040
5.000%, 06/01/2032		2,150		2,224
5.000%, 06/01/2033		3,500		3,609
Pennsylvania State, Economic Development Financing Authority, PENNDOT Major Bridges Project, AMT, RB
5.000%, 06/30/2034		8,235		8,670
Pennsylvania State, Economic Development Financing Authority, RB, AGM
5.000%, 01/01/2039		540		553
Pennsylvania State, Economic Development Financing Authority, University of Pittsburgh Medical Center, Ser A, RB
5.000%, 10/15/2033		2,300		2,454
Pennsylvania State, Economic Development Financing Authority, UPMC, RB
5.000%, 05/15/2031		5,855		6,277
Pennsylvania State, GO
5.000%, 08/15/2033		12,395		13,944
Pennsylvania State, GO, BAM
4.000%, 03/01/2035		2,000		2,004
Pennsylvania State, Higher Education Assistance Agency, Ser A, AMT, RB
5.000%, 06/01/2031		1,450		1,530
Pennsylvania State, Higher Educational Facilities Authority, RB
5.250%, 11/01/2039		3,000		3,187
Pennsylvania State, Housing Finance Agency, RB
5.125%, 10/01/2041		1,030		1,056
Pennsylvania State, Housing Finance Agency, Ser 142-A, RB
5.500%, 10/01/2053		1,035		1,087
4.850%, 10/01/2043		4,650		4,573
Pennsylvania State, Turnpike Commission, Motor License Fund Enhanced, Sub-Ser, RB
5.000%, 12/01/2033		3,000		3,093
Pennsylvania State, Turnpike Commission, Ser B, RB
5.000%, 12/01/2039		250		265


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Philadelphia, Airport Revenue, AMT, RB, AGM
4.000%, 07/01/2040	$	500	$	467
Philadelphia, Airport Revenue, Ser B, AMT, RB
5.000%, 07/01/2031		1,000		1,018
Philadelphia, Gas Works, RB
5.000%, 08/01/2036		2,170		2,363
Philadelphia, Hospitals & Higher Education Facilities Authority, Temple University Health System Project, RB, AGM
5.000%, 07/01/2036		700		737
Philadelphia, Industrial Development Authority, RB
5.000%, 05/01/2040		5,655		5,945
Philadelphia, Industrial Development Authority, University Square Apartments Project, RB
Pre-Refunded @ 100
5.000%, 12/01/2026 (E)		4,445		4,568
Philadelphia, School District, Ser A, GO, ST AID WITHHLDG
5.000%, 09/01/2029		1,500		1,597
5.000%, 09/01/2034		1,410		1,506
5.000%, 09/01/2036		2,000		2,063
4.000%, 09/01/2035		5,000		4,949
4.000%, 09/01/2038		3,000		2,818
Philadelphia, School District, Ser F, GO, ST AID WITHHLDG
5.000%, 09/01/2028		3,390		3,450
5.000%, 09/01/2030		7,975		8,119
Philadelphia, Ser A, GO
5.000%, 05/01/2032		2,405		2,612
Philadelphia, Water & Wastewater Revenue, Ser B, RB, AGM
5.000%, 09/01/2040		4,520		4,758
Philadelphia, Water & Wastewater Revenue, Ser C, RB, AGC
5.000%, 09/01/2034		4,350		4,894
Southeastern Pennsylvania, Transportation Authority, RB
5.250%, 06/01/2039		2,250		2,421

				137,926

Puerto Rico — 2.8%
Puerto Rico, Electric Power Authority, Ser CCC, RB
5.250%, 07/01/2027 (C)(H)		2,990		1,633
Puerto Rico, Electric Power Authority, Ser TT, RB
5.000%, 07/01/2032 (C)(H)		1,000		546
Puerto Rico, Electric Power Authority, Ser WW, RB
5.250%, 07/01/2033 (C)(H)		3,035		1,658


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Puerto Rico, Electric Power Authority, Ser XX, RB
5.250%, 07/01/2040 (C)	$	2,940	$	1,606
Puerto Rico, GDB Debt Recovery Authority, RB
7.500%, 08/20/2040		1,247		1,198
Puerto Rico, Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authourity, AMT, RB
6.500%, 01/01/2042		2,000		2,216
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A1, RB
4.750%, 07/01/2053		1,000		914
0.000%, 07/01/2046 (G)		18,823		6,006
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-1, RB
4.550%, 07/01/2040		8,625		8,219
0.000%, 07/01/2029 (G)		1,500		1,273
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-2, RB
4.329%, 07/01/2040		5,750		5,361
Puerto Rico, Ser A1, GO
5.625%, 07/01/2027		3,400		3,489
4.000%, 07/01/2046		3,600		2,957
Puerto Rico, Sub-Ser CW, Notes
0.000%, 11/01/2043 (A)(I)		9,644		5,786
Puerto Rico, Sub-Ser Senior, Notes
0.000%, 11/01/2051 (A)(I)		815		499

				43,361

Rhode Island — 0.8%
Providence, Public Building Authority, RB, AGC
5.000%, 09/15/2038		335		359
5.000%, 09/15/2039		1,000		1,061
Rhode Island State, Health & Educational Building Authority, Central Falls Public School Projects, RB, ST APPROP
4.000%, 05/15/2041		5,420		4,994
Rhode Island State, Health & Educational Building, City of Pawtucket, Ser C, RB, AGM ST AID WITHHLDG
5.000%, 05/15/2035		315		345
Rhode Island State, Health & Educational Building, City of Providence, Ser G, RB, BAM ST AID WITHHLDG
5.000%, 05/15/2034		415		463
5.000%, 05/15/2035		500		554
Rhode Island State, Health & Educational Building, Lifespan Obligation Group, RB
5.250%, 05/15/2049		1,650		1,665
5.000%, 05/15/2039		550		570
5.000%, 05/15/2044		600		606


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Rhode Island State, Housing & Mortgage Finance, Homeownership Opportunity, Ser 81-A, RB, GNMA
5.250%, 10/01/2043	$	1,750	$	1,794
Rhode Island State, Student Loan Authority, Ser B, AMT, RB
5.000%, 12/01/2031		535		558

				12,969

South Carolina — 1.7%
Patriots Energy Group, Financing Agency, RB
5.250%, 02/01/2054 (A)		600		635
Piedmont, Municipal Power Agency, Ser B, RB
4.000%, 01/01/2033		5,125		5,152
South Carolina State, Housing Finance & Development Authority, Ser A, RB
5.750%, 01/01/2054		1,575		1,688
South Carolina State, Housing Finance & Development Authority, Ser B, RB
3.750%, 01/01/2050		370		370
South Carolina State, Jobs-Economic Development Authority, High Point Academy Project, Ser A, RB
5.750%, 06/15/2039 (B)		1,000		911
South Carolina State, Jobs-Economic Development Authority, Novant Health Obligated Group, RB
5.000%, 11/01/2035		885		959
5.000%, 11/01/2037		655		696
South Carolina State, Port Authority, AMT, RB
5.000%, 07/01/2030		1,500		1,552
4.000%, 07/01/2035		1,160		1,137
South Carolina State, Public Service Authority, Santee Cooper, Ser A, RB
5.000%, 12/01/2036		2,750		2,909
4.000%, 12/01/2038		175		167
South Carolina State, Public Service Authority, Santee Cooper, Ser B, RB
5.000%, 12/01/2036		2,445		2,642
South Carolina State, Public Service Authority, Santee Cooper, Ser E, RB, AGM
5.250%, 12/01/2038		2,500		2,673
South Carolina State, Public Service Authority, Ser A, RB
5.000%, 12/01/2040		1,220		1,271
4.000%, 12/01/2034		2,000		1,998
4.000%, 12/01/2036		2,250		2,198

				26,958


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
South Dakota — 0.1%
South Dakota State, Health & Educational Facilities Authority, Sanford Obligated Group, RB
5.000%, 11/01/2035	$	1,005	$	1,008
South Dakota State, Housing Development Authority, Ser A, RB, GNMA/FNMA/FHLMC
6.000%, 05/01/2054		255		271
South Dakota State, Housing Development Authority, Ser B, RB
4.000%, 11/01/2049		470		471

				1,750

Tennessee — 0.7%
Knox County, Health Educational & Housing Facility Board, University of Tennesee Project, Ser A-1, RB, BAM
5.000%, 07/01/2037		300		317
Knox County, Health Educational & Housing Facility Board, University of Tennesee Project, Ser B-1, RB, BAM
5.000%, 07/01/2044		2,200		2,222
Nashville & Davidson County, Metropolitan Government, GO
4.000%, 07/01/2033		3,000		3,013
Nashville & Davidson County, Metropolitan Government, Health & Educational Facilities Board, Belmont University, RB
5.000%, 05/01/2038		705		733
Nashville & Davidson County, Metropolitan Government, Sports Authority, Stadium Project, Ser A, RB, AGM
5.000%, 07/01/2043		1,300		1,342
Tennergy, Ser A, RB
4.000%, 12/01/2051 (A)		2,500		2,496
Tennessee State, Housing Development Agency, AMT, RB
4.000%, 07/01/2045		105		105

				10,228

Texas — 9.3%
Arlington, Higher Education Finance, Riverwalk Education Foundation, RB, PSF-GTD
5.000%, 08/15/2038		810		852
5.000%, 08/15/2040		695		726
Austin, Electric Utility Revenue, RB
5.000%, 11/15/2032		1,535		1,566
5.000%, 11/15/2039		800		854
5.000%, 11/15/2041		1,100		1,159
Austin, Independent School District, GO
5.000%, 08/01/2025		1,500		1,505


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Austin, Texas Airport System Revenue, Ser B, AMT, RB
5.000%, 11/15/2037	$	900	$	902
Austin-Bergstrom, Landhost Enterprises, RB
5.000%, 10/01/2026 (C)		465		473
Boerne, Independent School District, GO, PSF-GTD
4.000%, 02/01/2054 (A)		225		230
3.125%, 02/01/2053 (A)		915		911
Cedar Hill, Independent School District, GO, PSF-GTD
5.000%, 02/15/2040		2,000		2,134
Central Texas, Regional Mobility Authority, Senior Lien, Ser D, RB
4.000%, 01/01/2037		770		757
Central Texas, Regional Mobility Authority, Ser B, RB
5.000%, 01/01/2036		200		212
Central Texas, Turnpike System, Ser A, RB
5.000%, 08/15/2037		1,750		1,891
5.000%, 08/15/2038		1,360		1,454
Central Texas, Turnpike System, Ser C, RB
5.000%, 08/15/2037		5,000		5,371
Clear Creek, Independent School District, Ser B-REMK, GO, PSF-GTD
3.600%, 02/15/2035 (A)		1,060		1,060
Clifton, Higher Education Finance, International Leadership, RB, PSF-GTD
5.000%, 08/15/2035		900		980
Clifton, Higher Education Finance, Public Schools Project, RB, PSF-GTD
5.000%, 08/15/2037		1,000		1,068
4.000%, 08/15/2032		1,000		1,019
Collin County, Community College District, Ser A, GO
4.000%, 08/15/2034		2,500		2,536
Corpus Christi, Utility System Revenue, Ser A, RB
5.000%, 07/15/2033		1,500		1,613
Dallas City, Hotel Occupancy Tax Revenue, RB
4.000%, 08/15/2034		500		489
Dallas City, Independent School District, Ser C, GO, PSF-GTD
5.000%, 02/15/2033		375		420
Dallas City, Love Field, Airport Modernization, AMT, RB
5.000%, 11/01/2030		1,000		1,015
5.000%, 11/01/2031		1,250		1,265
5.000%, 11/01/2032		2,500		2,525
5.000%, 11/01/2033		1,175		1,185
5.000%, 11/01/2034		1,000		1,007
5.000%, 11/01/2035		1,000		1,006


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Dallas-Fort Worth, International Airport Revenue, Ser C, AMT, RB
5.000%, 11/01/2031	$	3,000	$	3,212
Dayton, Independent School District, GO, PSF-GTD
4.000%, 02/15/2040		2,400		2,261
Denton, Utility System Revenue, RB
5.000%, 12/01/2032		7,500		7,639
East Montgomery County, Improvement District Sales Tax Revenue, RB, AGC
5.000%, 08/15/2033		1,000		1,101
El Paso, GO
5.000%, 08/15/2034		2,050		2,083
Garland, Electric Utility System Revenue, RB, AGC
5.000%, 03/01/2031		250		273
5.000%, 03/01/2032		520		574
Garland, Independent School District, Ser A, GO, PSF-GTD
5.000%, 02/15/2039		2,000		2,140
5.000%, 02/15/2042		2,500		2,614
Georgetown, Utility System Revenue, RB, AGM
5.000%, 08/15/2037		1,705		1,802
Harris County, Cultural Education Facilities Finance, Memorial Herman Health System, RB
5.000%, 12/01/2025		2,000		2,019
Harris County, Houston Sports Authority, Ser A, RB, AGC
5.000%, 11/15/2026		2,000		2,057
Harris County, Houston Sports Authority, Ser B, RB, AGC
5.000%, 11/15/2031		1,600		1,734
5.000%, 11/15/2033		370		404
Harris County, Industrial Development, RB
4.050%, 11/01/2050 (A)		390		381
Hidalgo County, Regional Mobility Authority, Ser A, RB
5.000%, 12/01/2031		260		275
5.000%, 12/01/2032		300		316
Houston, Airport System Revenue, Sub-Ser C, AMT, RB
5.000%, 07/01/2029		2,450		2,542
5.000%, 07/01/2032		1,500		1,541
Houston, Airport System Revenue, Sub-Ser, RB, AGM
5.000%, 07/01/2032		1,500		1,676
Lamar, Consolidated Independent School District, GO
5.000%, 02/15/2039		2,000		2,119
Lamar, Consolidated Independent School District, Ser A, GO, PSF-GTD
5.000%, 02/15/2030		3,000		3,264


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Melissa, Independent School District, GO, PSF-GTD
5.000%, 02/01/2037	$	945	$	1,036
Midland, Independent School District, RB, PSF-GTD
5.000%, 02/15/2038		5,000		5,382
New Hope, Cultural Education Facilities Finance, Children's Health System, Ser A, RB
5.000%, 08/15/2030		1,645		1,702
New Hope, Cultural Education Facilities Finance, Sanctuary LTC Project, RB
5.500%, 01/01/2057		750		688
North Texas, Tollway Authority, Ser B, RB
5.000%, 01/01/2037		4,000		4,344
Northwest, Independent School District, GO, PSF-GTD
4.000%, 02/15/2043		7,000		6,569
Pasadena, Independent School District, GO, PSF-GTD
5.000%, 02/15/2039		1,245		1,349
5.000%, 02/15/2040		225		242
Prosper, Independent School District, Ser A, GO, PSF-GTD
5.000%, 02/15/2031		1,000		1,102
San Antonio, Electric & Gas Systems Revenue, Ser A, RB
5.000%, 02/01/2033		1,410		1,526
5.000%, 02/01/2034		1,700		1,830
5.000%, 02/01/2039		195		209
San Antonio, Electric & Gas Systems Revenue, Ser B, RB
5.000%, 02/01/2043		2,000		2,063
San Antonio, Electric & Gas Systems Revenue, Ser B-REMK, RB
4.000%, 02/01/2033		1,000		1,037
San Antonio, Electric & Gas Systems Revenue, Ser Junior Lien, RB
1.750%, 02/01/2049 (A)		735		727
Southwest Texas, Independent School District, GO, PSF-GTD
5.000%, 02/01/2035		445		487
Tarrant County, Cultural Education Facilities Finance, Baylor Scott & White Health, RB
5.000%, 11/15/2032		1,500		1,519
Tarrant County, Cultural Education Facilities Finance, Christus Health, Ser A, RB
5.000%, 07/01/2053 (A)		2,000		2,103
Tarrant County, Cultural Education Facilities Finance, Cook Children's Medical Center, RB
5.000%, 12/01/2031		3,740		4,135


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Tarrant County, Cultural Education Facilities Finance, Trinity Terrace, RB
5.000%, 10/01/2037	$	2,675	$	2,781
Texas State, Municipal Gas Acquisition & Supply I, Senior Lien, Ser D, RB
6.250%, 12/15/2026		405		415
Texas State, Municipal Gas Acquisition & Supply III, RB
5.000%, 12/15/2030		285		298
5.000%, 12/15/2032		715		751
Texas State, Municipal Gas Acquisition & Supply IV, Ser B, RB
5.500%, 01/01/2054 (A)		7,000		7,651
Texas State, Municipal Gas Acquisition & Supply V, RB
5.000%, 01/01/2055 (A)		6,500		6,842
Texas State, Ser B, GO
4.000%, 08/01/2031		435		435
Texas State, Water Development Board, RB
5.000%, 10/15/2026		3,750		3,860
University of Texas, Board of Regents, Ser A, RB
5.000%, 08/15/2037		2,000		2,197
University of Texas, Permanent University Fund, Ser B, RB
5.000%, 07/01/2035		1,000		1,129
Uptown Development Authority, TA
4.000%, 09/01/2033		400		387
4.000%, 09/01/2035		275		257

				145,265

Utah — 0.7%
Intermountain Power Agency, RB
5.000%, 07/01/2036		5,370		5,688
Mida Mountain Village Public Infrastructure District, Sub-Ser 1, TA
5.125%, 06/15/2054 (B)		500		464
Salt Lake City, Airport Revenue, Ser A, AMT, RB
5.000%, 07/01/2035		5,000		5,045

				11,197

Virgin Islands — 0.2%
Virgin Islands, Matching Fund, Special Purpose Securitization, Ser A, RB
5.000%, 10/01/2039		3,065		2,939


Virginia — 1.9%
Arlington County, Industrial Development Authority, Arlington Health System, Virginia Hospital, Ser A, RB
5.000%, 07/01/2053 (A)		880		941


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Arlington County, Industrial Development Authority, Virginia Hospital Center, RB
5.000%, 07/01/2026	$	280	$	285
5.000%, 07/01/2027		250		260
5.000%, 07/01/2028		375		395
Henrico County, Economic Development Authority, Westminster Canterbury Richmond, RB
5.000%, 10/01/2042		430		440
5.000%, 10/01/2047		1,225		1,231
James City County, Economic Development Authority, RB
5.250%, 12/01/2027		190		190
Norfolk, Economic Development Authority, Sentara Health Care, Ser B, RB
5.000%, 11/01/2048 (A)		1,035		1,094
Virginia Beach, Development Authority, RB
5.375%, 09/01/2029		465		469
Virginia State, College Building Authority, 21st Century College Program, RB
5.000%, 02/01/2028		2,000		2,111
Virginia State, Public Building Authority, Ser A, RB
4.000%, 08/01/2038		5,500		5,329
Virginia State, Small Business Financing Authority, AMT, RB
5.000%, 07/01/2035		1,085		1,117
5.000%, 06/30/2042		2,000		2,011
5.000%, 12/31/2047		440		441
4.000%, 07/01/2030		1,140		1,134
4.000%, 07/01/2031		365		361
Virginia State, Small Business Financing Authority, RB
5.000%, 01/01/2026		490		493
5.000%, 12/01/2039		3,000		3,047
Virginia State, Tobacco Settlement Financing, Sub-Ser C, RB
0.000%, 06/01/2047 (G)		34,300		8,690

				30,039

Washington — 2.8%
King & Snohomish Counties, School District No. 417, GO, SCH BD GTY
5.000%, 12/01/2042		5,000		5,253
King County, Public Hospital District No. 1, GO
5.000%, 12/01/2027		7,720		7,901
Kitsap County, School District No. 100-C Bremerton, Ser C, GO, SCH BD GTY
5.000%, 12/01/2040		1,790		1,909
Port of Seattle, AMT, RB
5.250%, 07/01/2041		3,405		3,539
5.250%, 07/01/2042		5,000		5,158
5.000%, 08/01/2041		1,000		1,011


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Snohomish County, School District No. 15 Edmonds, GO, SCH BD GTY
5.000%, 12/01/2038	$	825	$	890
Washington State, GO
4.000%, 07/01/2036		4,500		4,525
Washington State, Health Care Facilities Authority, Ser A, RB
5.000%, 10/01/2042		1,800		1,782
Washington State, Housing Finance Commission, Radford & Norheim Courts, RB
5.000%, 07/01/2036		1,645		1,725
5.000%, 07/01/2038		1,000		1,041
Washington State, Housing Finance Commission, RB, BAM
5.000%, 07/01/2040 (B)		2,000		2,038
Washington State, Housing Finance Commission, Social Certificate, Ser A-, RB
3.500%, 12/20/2035		939		871
Washington State, Housing Finance Commission, Transforming Age Project, Ser A, RB
5.000%, 01/01/2034 (B)		745		740
Washington State, Ser 2017-A, GO
5.000%, 08/01/2038		2,725		2,760
Washington State, Ser A, GO
5.000%, 08/01/2035		1,665		1,802
Washington State, Ser R-2025B, GO
5.000%, 07/01/2033		250		282

				43,227

West Virginia — 0.3%
West Virginia State, Economic Development Authority, Appalachian Power Amos Project, RB
3.750%, 12/01/2042 (A)		2,300		2,300
West Virginia State, Parkways Authority, Turnpike Toll Revenue, RB
5.000%, 06/01/2034		1,000		1,041
5.000%, 06/01/2035		1,005		1,042

				4,383

Wisconsin — 2.9%
Milwaukee, Ser B4, GO, AGM
5.000%, 04/01/2036		2,965		3,183
Sheboygan Area, School District, GO
3.000%, 03/01/2041		2,400		1,945
University of Wisconsin, Hospitals & Clinics, RB
4.000%, 04/01/2039		295		278
University of Wisconsin, Hospitals & Clinics, Ser A, RB
5.000%, 04/01/2038		590		637


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Wisconsin State, Center District, Ser C, RB, AGM
0.000%, 12/15/2029 (G)	$	370	$	312
Wisconsin State, Health & Educational Facilities Authority, Advocate Aurora Health Credit Group, RB
5.000%, 08/15/2054 (A)		2,000		2,033
2.150%, 08/15/2054 (A)		1,125		1,115
Wisconsin State, Health & Educational Facilities Authority, Ascension Health Credit Group, RB
5.000%, 11/15/2030		3,810		3,861
Wisconsin State, Health & Educational Facilities Authority, Children's Hospital of Wisconsin, RB
5.000%, 08/15/2034		1,835		1,883
Wisconsin State, Health & Educational Facilities Authority, Oakwood Lutheran Senior Ministries, RB
4.000%, 01/01/2037		665		610
Wisconsin State, Health & Educational Facilities Authority, St. Camilus Health System, RB
5.000%, 11/01/2028		470		479
5.000%, 11/01/2030		1,035		1,054
Wisconsin State, Health & Educational Facilities Authority, Three Pillars Senior Living Communities, RB
4.000%, 08/15/2041		705		598
Wisconsin State, Health & Educational Facilities Authority, Three Pillars Senior Living Community, RB
5.750%, 08/15/2059		220		223
Wisconsin State, Housing & Economic Development Authority, Ser C, RB, GNMA/FNMA/FHLMC
6.000%, 03/01/2055		1,195		1,294
5.500%, 03/01/2032		950		1,069
Wisconsin State, Public Finance Authority, American Dream @ Meadowlands Project, RB
7.000%, 12/01/2050 (B)		500		500
Wisconsin State, Public Finance Authority, Appalachian State University Project, RB, AGM
4.000%, 07/01/2027		225		228
4.000%, 07/01/2028		225		228
4.000%, 07/01/2029		225		227
Wisconsin State, Public Finance Authority, Duke Energy Progress Project, RB
3.700%, 10/01/2046 (A)		10,450		10,407
Wisconsin State, Public Finance Authority, Foundation Academy Charter School, RB
4.750%, 07/01/2045 (B)		500		439


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Wisconsin State, Public Finance Authority, Grand Hyatt San Antonio Hotel Acquisition Project, RB
5.000%, 02/01/2052	$	755	$	715
5.000%, 02/01/2062		1,845		1,723
Wisconsin State, Public Finance Authority, Kahala Nui Project, RB
5.250%, 11/15/2055		440		445
Wisconsin State, Public Finance Authority, KU Campus Development Project, RB
5.000%, 03/01/2034		6,880		6,938
Wisconsin State, Public Finance Authority, Lindenwood Education System, RB
4.750%, 06/01/2040 (B)		1,000		921
Wisconsin State, Public Finance Authority, Senior-KSU Bixby Real Estate Facility, RB
5.000%, 06/15/2038		350		363
5.000%, 06/15/2040		350		357
Wisconsin State, Public Finance Authority, United Methodist Retirement Facility Project, RB
4.000%, 10/01/2025		285		285
4.000%, 10/01/2026		300		299
4.000%, 10/01/2027		125		125
4.000%, 10/01/2028		250		250

				45,024

Wyoming — 0.0%
Wyoming State, Community Development Authority, Ser 1, RB
6.000%, 12/01/2054		210		226



Total Municipal Bonds
(Cost $1,582,001) ($ Thousands)				1,528,938


	Shares
CASH EQUIVALENT — 0.1%
SEI Daily Income Trust, Government Fund, Institutional Class
4.230%**^†		1,096,224		1,096
Total Cash Equivalent
(Cost $1,096) ($ Thousands)				1,096
Total Investments in Securities — 98.4%
(Cost $1,583,097) ($ Thousands)			$	1,530,034

	Percentages are based on Net Assets of $1,554,937 ($ Thousands).
**	The rate reported is the 7-day effective yield as of May 31, 2025.
^†	Investment in Affiliated Security.
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.

The following is a summary of the transactions with affiliates for the period ended May 31, 2025 ($ Thousands):


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 99.1%
Alabama — 5.7%
Black Belt, Energy Gas District, RB
2.320%, 10/01/2052 (A)	$	3,250	$	3,176
Black Belt, Energy Gas District, Ser A-1, RB
4.000%, 12/01/2049 (A)		1,940		1,940
Black Belt, Energy Gas District, Ser C-1, RB
5.250%, 12/01/2025		880		886
Black Belt, Energy Gas District, Ser D, RB
5.000%, 11/01/2027		2,000		2,058
Black Belt, Energy Gas District, Ser E, RB
5.000%, 05/01/2053 (A)		610		629
Black Belt, Energy Gas District, Ser S, RB
4.000%, 12/01/2025		7,520		7,532
4.000%, 10/01/2052 (A)		2,500		2,498
Black Belt, Energy Gas District, Sub-Ser, RB
4.315%, 07/01/2052 (A)		2,000		2,018
Columbia, Industrial Development Board, Pollution Control Revenue, Alabama Power Company Project, RB
3.810%, 12/01/2037 (A)		3,500		3,540
Lower Alabama, Gas District, RB
4.000%, 12/01/2025		730		731
4.000%, 12/01/2050 (A)		10,000		9,977
Mobile, Industrial Development Board, Pollution Control Authority, Barry Plant Project, RB
3.300%, 07/15/2034 (A)		1,000		1,000
Selma, Industrial Development Board, International Paper Co Project, RB
1.375%, 05/01/2034 (A)		5,250		5,245
Southeast Alabama, Energy Authority, Cooperative District, Ser B, RB
5.000%, 12/01/2027		250		258
Southeast Alabama, Gas Supply District, Project #1, Ser A, RB
5.000%, 04/01/2026		1,500		1,516
5.000%, 04/01/2027		500		513
5.000%, 04/01/2028		1,250		1,298

				44,815

Alaska — 0.2%
Alaska State, Industrial Development & Export Authority, Tanana Chiefs Conference Project, RB
5.000%, 10/01/2029		1,000		1,058
Alaska State, International Airports System, Ser C, AMT, RB
5.000%, 10/01/2025		480		483

				1,541

Arizona — 1.3%
Arizona State, Health Facilities Authority, Banner Health, RB
2.220%, 01/01/2046 (A)		700		693


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Arizona State, Health Facilities Authority, Banner Health, RB
Pre-Refunded @ 100
2.220%, 11/04/2025 (A)(B)	$	200	$	200
Arizona State, Health Facilities Authority, Banner Health, Ser S, RB
Pre-Refunded @ 100
2.220%, 11/04/2025 (A)(B)		100		100
Chandler, Industrial Development Authority, Intel Corporation Project, Ser S, AMT, RB
5.000%, 09/01/2052 (A)		1,300		1,324
Phoenix, Industrial Development Authority, Republic Services Inc Project, AMT, RB
4.100%, 12/01/2035 (A)		1,000		1,000
Salt Verde Financial Corp, Gas Revenue, RB
5.250%, 12/01/2027		7,000		7,231

				10,548

Arkansas — 0.4%
Springdale, Water & Sewer, RB
5.000%, 09/01/2027		250		261
5.000%, 09/01/2028		200		213
5.000%, 09/01/2029		350		378
5.000%, 09/01/2031		350		381
West Memphis, Sales & Use Tax, RB, AGM
5.000%, 06/01/2029		1,630		1,732

				2,965

California — 3.8%
Alameda, Unified School District, Ser A, GO, AGM
0.000%, 08/01/2026 (C)		1,000		964
California State, Community Choice Financing Authority, Clean Energy Project, RB
5.000%, 12/01/2027		750		772
4.000%, 10/01/2052 (A)		2,710		2,708
California State, Community Choice Financing Authority, Clean Energy Project, Ser B, RB
4.000%, 08/01/2025		555		555
California State, Community Choice Financing Authority, Clean Energy Project, Ser F, RB
5.000%, 11/01/2027		1,500		1,553
5.000%, 05/01/2028		1,650		1,716
5.000%, 11/01/2028		1,850		1,935
5.000%, 05/01/2029		1,750		1,839
California State, Community Choice Financing Authority, Clean Energy Project, Ser S, RB
4.000%, 12/01/2026		450		452


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Housing Finance Agency, Ser I, RB
5.000%, 05/01/2054 (A)	$	5,500	$	5,600
California State, Municipal Finance Authority, Waste Management Inc Project, AMT, RB
3.850%, 11/01/2041 (A)		2,000		2,000
East County, Advanced Water Purification Joint Powers Authority, Ser S, RB
3.125%, 09/01/2026		1,310		1,310
Newman-Crows Landing, Unified School District, GO
0.000%, 08/01/2025 (C)		500		498
Northern California, Energy Authority, RB
5.000%, 08/01/2025		650		651
5.000%, 08/01/2026		450		457
5.000%, 08/01/2027		700		721
Pittsburg, Redevelopment Agency Successor Agency, TA, AMBAC
0.000%, 08/01/2028 (C)		500		449
Rio, Elementary School District, GO, BAM
0.000%, 07/01/2028 (C)		505		458
San Mateo County, Community College District, Ser C, GO, NATL
0.000%, 09/01/2025 (C)		1,250		1,241
0.000%, 09/01/2029 (C)		500		437
Southern California, Public Power Authority, Canyon Power Project, Ser S, RB
3.700%, 07/01/2040 (A)		1,000		998
Southern California, Public Power Authority, Clean Energy Project, Ser A, RB
5.000%, 09/01/2030		350		366
5.000%, 04/01/2055 (A)		1,500		1,555
Tender Option Bond Trust Receipts, Ser 2025-, RB
2.090%, 09/01/2048 (A)(D)(E)		500		500

				29,735

Colorado — 1.7%
Colorado State, Health Facilities Authority, Adventhealth Obligated Group Project, RB
5.000%, 11/15/2027		485		494
5.000%, 11/15/2058 (A)		480		506
Colorado State, Health Facilities Authority, Commonspirit Health, RB
5.000%, 11/01/2025		375		377
Colorado State, Health Facilities Authority, Commonspirit Health, Ser B, RB
5.000%, 08/01/2049 (A)		640		641
Colorado State, Health Facilities Authority, Commonspirit Health, Ser B-2, RB
5.000%, 08/01/2049 (A)		2,000		2,016


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Colorado State, Health Facilities Authority, Intermountain Healthcare, RB
5.000%, 05/15/2062 (A)	$	615	$	647
Colorado State, School of Mines, Ser D, RB
2.840%, 12/01/2025 (A)		950		950
Colorado State, Science & Technology Park, Metropolitan District No. 1, Ser A, RB, AGM
5.000%, 12/01/2026		375		383
Denver City & County, Airport System Revenue Authority, Ser A, AMT, RB
5.000%, 11/15/2028		260		273
Denver City & County, Airport System Revenue Authority, Sub-Ser A, AMT, RB
5.000%, 12/01/2031		500		517
Denver, Convention Center Hotel Authority, RB
5.000%, 12/01/2026		2,500		2,537
Jefferson County, School District R-1, GO
5.000%, 12/15/2030		2,065		2,151
Mirabelle Metropolitan District No. 2, Ser A, GO, AGC
5.000%, 12/01/2027		215		222
5.000%, 12/01/2028		235		246
5.000%, 12/01/2029		200		212
Regional Transportation District, Denver Transit Partners Eagle P3 Project, RB
5.000%, 07/15/2025		480		481
3.000%, 01/15/2026		405		403
Wildwing, Metropolitan District No. 5, GO, AGM
5.000%, 12/01/2027		140		145
5.000%, 12/01/2028		155		162
5.000%, 12/01/2029		165		175
5.000%, 12/01/2030		120		128

				13,666

Connecticut — 1.2%
Connecticut State, Health & Educational Facilities Authority, Sacred Heart Univeristy, Ser K, RB
5.000%, 07/01/2025		1,215		1,217
Connecticut State, Housing Finance Authority, RB
3.650%, 11/15/2052 (A)		4,805		4,806
Norwalk, Housing Authority, Wall Street Place, RB
3.050%, 09/01/2058 (A)		3,330		3,316
West Haven, GO, BAM
5.000%, 02/15/2026		200		203

				9,542


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Delaware — 0.7%
Delaware State, Economic Development Authority, Delmarva Power & Light Company Project, RB
1.050%, 01/01/2031 (A)	$	5,100	$	5,086
Delaware State, Housing Authority, Single Family Mortgage, Ser A, RB, GNMA/FNMA/FHLMC
3.250%, 01/01/2026		285		285

				5,371

District of Columbia — 1.0%
District of Columbia, Housing Finance Agency, Belmont Crossing Phase II Project, RB
5.000%, 03/01/2029 (A)		3,750		3,917
District of Columbia, Housing Finance Agency, Cascade Park Apartments II Project, RB
3.550%, 08/01/2042 (A)		1,700		1,700
Metropolitan Washington, Airports Authority, Ser A, AMT, RB
5.000%, 10/01/2029		500		528
5.000%, 10/01/2031		1,650		1,672

				7,817

Florida — 2.9%
Alachua County, Housing Finance Authority, RB
3.300%, 12/01/2029 (A)		7,250		7,262
Florida Insurance Assistance Interlocal Agency, Ser A-1, RB
5.000%, 09/01/2028		2,000		2,043
Lee County, Industrial Development Authority, Shell Point, RB
4.000%, 11/15/2025		210		210
Miami-Dade County, Aviation Revenue, Ser A, AMT, RB
5.000%, 10/01/2028		1,500		1,568
Miami-Dade County, Aviation Revenue, Ser B, RB
5.000%, 10/01/2025		1,600		1,610
Miami-Dade County, Expressway Authority, Ser B, RB
5.000%, 07/01/2028		1,000		1,001
Miami-Dade County, Housing Finance Authority, Homestead Gardens Phase I, RB
3.400%, 01/01/2045 (A)		5,000		5,006
Miami-Dade County, Housing Finance Authority, Rainbow Village Project, Ser B, RB, FHA
3.550%, 03/01/2029 (A)		1,000		1,007


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Palm Beach County, Educational Facilities Authority, Palm Beach Atlantic University, RB
4.000%, 10/01/2025	$	235	$	235
Pasco County, H Lee Moffitt Cancer Center & Research Institute, RB, AGM
5.250%, 09/01/2027		300		314
Polk County, Housing Finance Authority, Episcopal Catholic Apartments, RB, FHA
4.150%, 12/01/2040 (A)		3,000		3,025

				23,281

Georgia — 5.8%
Atlanta, Water & Wastewater Revenue Authority, Ser A, RB, NATL
5.500%, 11/01/2027		2,175		2,255
Bartow County, Development Authority, Pollution Control, Georgia Power Company Plant Bowen Project, RB
2.875%, 08/01/2043 (A)		1,800		1,796
Burke County, Development Authority, Pollution Control, Georgia Power Company Plant Vogtle Project, RB
3.875%, 10/01/2032 (A)		1,000		1,003
3.300%, 12/01/2049 (A)		3,280		3,229
2.875%, 12/01/2049 (A)		4,000		3,991
Columbus County, Housing Authority, Columbus Gardens Project, RB, FHA
5.000%, 04/01/2028 (A)		1,250		1,289
Dalton, Housing Authority, Mountain Woods Apartment Project, RB, FHA
5.000%, 11/01/2027 (A)		4,032		4,127
Decatur, Housing Authority, Multifamily Housing Revenue, Calvin Court Project, RB
3.600%, 08/01/2028 (A)		2,865		2,886
Georgia State, Main Street Natural Gas, Ser A, RB
5.000%, 06/01/2027		1,100		1,128
5.000%, 05/01/2054 (A)		6,000		6,300
4.000%, 03/01/2026		500		502
4.000%, 09/01/2026		415		418
Georgia State, Main Street Natural Gas, Ser B, RB
5.000%, 06/01/2025		650		650
5.000%, 03/01/2026		850		858
5.000%, 09/01/2026		850		865
5.000%, 03/01/2027		400		410
Georgia State, Main Street Natural Gas, Ser C, RB
4.000%, 03/01/2050 (A)		1,285		1,288
4.000%, 05/01/2052 (A)		1,540		1,542
4.000%, 08/01/2052 (A)(D)		4,000		3,975


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Georgia State, Main Street Natural Gas, Ser D, RB
5.000%, 04/01/2054 (A)	$	2,260	$	2,364
Georgia State, Main Street Natural Gas, Ser E, RB
5.000%, 12/01/2027		2,605		2,687
Monroe County, Development Authority, Georgie Power Company Project, Plant Scherer, RB
3.350%, 11/01/2048 (A)		2,000		1,964
Savannah, Housing Authority, The Pines at Garden City Project, RB
5.000%, 03/01/2028 (A)		610		628

				46,155

Guam — 0.2%
Guam, Antonio B. Won Pat International Airport Authority, Ser B, RB
5.000%, 10/01/2031		200		213
Guam, Waterworks Authority, Ser A, RB
5.000%, 07/01/2027		710		724
5.000%, 07/01/2028		800		822

				1,759

Illinois — 6.9%
Chicago Heights, Olympic Village Apartments Project, RB, FHA/GNMA
2.875%, 08/01/2027 (A)		2,000		1,996
Chicago, Midway International Airport, Ser B, RB
5.000%, 01/01/2030		575		620
5.000%, 01/01/2031		230		251
Chicago, Multi-Family Housing, The Ave SW Project, RB
3.200%, 10/01/2028 (A)		2,465		2,461
Chicago, Multi-Family Housing, United Yards 1A Project, RB
3.500%, 08/01/2027 (A)		1,005		1,007
Chicago, Ser A, GO
5.000%, 01/01/2027		1,265		1,288
5.000%, 01/01/2029		1,500		1,556
Chicago, Ser B, GO
5.000%, 01/01/2031		1,000		1,048
Chicago, Ser B-EXCHANGE, GO
4.000%, 01/01/2030		1,000		1,006
Chicago, Wastewater Transmission, RB, BAM
5.000%, 01/01/2029		675		718
Cook County, Ser A, GO
5.000%, 11/15/2030		1,000		1,020
Geneva, GO
4.000%, 02/01/2026		400		402


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Granite, Solid Waste Disposal, Waste Management Inc Project, AMT, RB
1.250%, 05/01/2027	$	4,100	$	3,869
Illinois State, Finance Authority, American Water Capital Corp Project, RB
3.875%, 05/01/2040 (A)		1,000		980
Illinois State, Finance Authority, Field Museum of Natural History, RB
4.245%, 11/01/2034 (A)		1,905		1,903
Illinois State, Finance Authority, Noble Network of Charter Schools, RB
5.000%, 09/01/2027		490		505
5.000%, 09/01/2028		515		537
Illinois State, Finance Authority, Silver Cross Hospital & Medical Centers, RB
5.000%, 08/15/2029		1,270		1,275
Illinois State, Finance Authority, Southern Illinois Healthcare Enterprises, RB
5.000%, 03/01/2028		410		418
Illinois State, Finance Authority, The Chicago School, RB
5.000%, 04/01/2027		300		308
5.000%, 04/01/2028		400		414
Illinois State, Finance Authority, University of Chicago Medical Center, Ser A, RB
5.000%, 08/15/2029 (D)		2,500		2,506
Illinois State, Finance Authority, University of Chicago Medical Center, Ser B-1, RB
5.000%, 08/15/2052 (A)		1,500		1,501
Illinois State, Finance Authority, Waste Management Inc Project, AMT, RB
4.600%, 10/01/2053 (A)		5,500		5,535
Illinois State, Housing Development Authority, Homeowner Mortgage, Ser C, RB
2.300%, 02/01/2026		1,000		987
Illinois State, Housing Development Authority, Leyden Senior Apartments, RB
3.380%, 07/01/2045 (A)		1,250		1,251
Illinois State, Sales Tax Revenue, Ser A, RB, BAM
5.000%, 06/15/2031		1,000		1,036
Illinois State, Ser A, GO
5.000%, 10/01/2025		1,000		1,005
5.000%, 11/01/2026		2,740		2,804
Illinois State, Ser D, GO
5.000%, 11/01/2026		3,590		3,677
Illinois State, Sports Facilities Authority, RB, AGM
5.000%, 06/15/2027		1,500		1,503
Illinois State, Toll Highway Authority, Ser C, RB
5.000%, 01/01/2029		270		270
5.000%, 01/01/2036		165		165


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Jefferson County, Township High School District No. 201 Mt Vernon, Ser A, GO
6.500%, 12/30/2030	$	1,085	$	1,247
Macon & De Witt Counties, Community Unit School District No. 2 Maroa-Forsyth, Ser C, GO, BAM
4.000%, 12/01/2025		1,260		1,264
Metropolitan Chicago, Water Reclamation District, Ser A, GO
5.000%, 12/01/2031		1,500		1,531
Metropolitan Pier & Exposition Authority, McCormick Place Expansion Project, RB
4.000%, 12/15/2026		1,000		1,010
Sales Tax Securitization, RB
5.000%, 01/01/2030		1,000		1,038
Springfield, GO
5.000%, 12/01/2027		1,200		1,253
University of Illinois, University of Illinios Health Services Facilities System, RB
5.000%, 10/01/2027		375		389
5.000%, 10/01/2028		475		498
Will County, Community Unit School District No. 201-U Crete-Monee, Ser U-A, GO, BAM
5.000%, 01/01/2028		350		365

				54,417

Indiana — 5.5%
Fort Wayne, Redevelopment Authority, Grand Wayne Center Project, RB
4.000%, 08/01/2025		810		811
Indiana State, Finance Authority, Indiana University Health, RB
2.250%, 12/01/2058 (A)		7,150		7,139
Indiana State, Finance Authority, Indianapolis Power, AMT, RB
0.950%, 12/01/2038 (A)		2,000		1,952
Indiana State, Finance Authority, Southern Indiana Gas and Electric Company Projects, RB
3.550%, 05/01/2037 (A)		1,930		1,922
3.450%, 07/01/2025		14,260		14,259
Indiana State, Municipal Power Agency, Ser A, RB, AGC
5.000%, 01/01/2027		1,865		1,923
Indianapolis, Local Public Improvement Bond Bank, Indianapolis Airport Authority Project, AMT, RB
5.000%, 01/01/2026		1,085		1,096
Indianapolis, Local Public Improvement Bond Bank, Indianapolis Public Transportation Corporation Project, RB
5.000%, 07/15/2026		600		612
5.000%, 01/15/2029		450		481


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Indianapolis, Local Public Improvement Bond Bank, Ser A, RB
5.000%, 06/01/2025	$	650	$	650
Rockport, Pollution Control, Indiana Michigan Power Company Project, Ser B, RB
3.050%, 06/01/2025 (F)		10,465		10,465
Westfield, Redevelopment Authority, RB
5.000%, 07/01/2027		480		498
Westfield-Washington, Multi-School Building, Ser A, RB, BAM
5.000%, 01/15/2029		900		957
Westfield-Washington, School District, GO
6.000%, 01/15/2026		340		344

				43,109

Iowa — 0.3%
Iowa State, Finance Authority, Gevo NW Iowa Renewable Natural Gas Project, AMT, RB
3.875%, 01/01/2042 (A)(E)		2,000		1,996
Iowa State, Finance Authority, Mortgage-Backed Securities Program, Ser E, RB, GNMA/FNMA/FHLMC
1.950%, 01/01/2049 (A)		100		100

				2,096

Kansas — 0.7%
Kansas State, Development Finance Authority, University of Kansas Project, Ser A, RB
5.000%, 05/01/2027		1,235		1,236
Manhattan, GO, BAM
5.000%, 06/15/2028		2,000		2,031
Valley Center, Ser 1, GO
4.375%, 12/01/2025		2,405		2,406

				5,673

Kentucky — 3.1%
Kentucky State, Housing Corporation, Beecher Terrace Phase IV Project, RB, FHA
5.000%, 09/01/2043 (A)		4,315		4,368
Kentucky State, Interlocal School Transportation Association, COP
4.000%, 03/01/2028		1,200		1,222
Kentucky State, Public Energy Authority, Ser A, RB
5.250%, 06/01/2055 (A)		7,000		7,341
5.000%, 07/01/2026		450		456
Rural Water Financing Agency, RB
3.700%, 05/01/2027		2,000		2,003
Rural Water Financing Agency, Ser S, RB
3.050%, 05/01/2027		2,000		1,978


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Trimble County, Environmental Facilities, AMT, RB
4.700%, 06/01/2054 (A)	$	750	$	755
Trimble County, Environmental Facilities, Louisville Gas and Electric Company Project, AMT, RB
4.700%, 06/01/2054 (A)		750		755
University of Louisville, Ser D, RB
5.000%, 03/01/2030		3,140		3,198
University of Louisville, Ser F, RB
5.000%, 03/01/2027		2,000		2,066

				24,142

Louisiana — 1.1%
Louisiana State, Gasoline & Fuels Tax Revenue, Ser A, RB
3.545%, 05/01/2043 (A)		1,925		1,920
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Louisiana Insurance Guaranty Association Project, RB
5.000%, 08/15/2026		1,355		1,385
5.000%, 08/15/2027		1,000		1,034
Louisiana State, Offshore Terminal Authority, Ser A, RB
4.150%, 09/01/2027		2,500		2,515
St. John the Baptist Parish, Marathon Oil Project, RB
3.300%, 06/01/2037 (A)		1,000		980
St. John the Baptist Parish, Marathon Oil Project, Sub-Ser, RB
2.375%, 06/01/2037 (A)		1,000		982

				8,816

Maryland — 0.3%
Maryland State, Health & Higher Educational Facilities Authority, Frederick Heath System, RB
5.000%, 07/01/2026		450		456
Maryland State, Stadium Authority, Football Stadium, Ser A, RB
5.000%, 03/01/2026		410		416
5.000%, 03/01/2028		1,220		1,287

				2,159

Massachusetts — 1.1%
Massachusetts State, Development Finance Agency, Partners Health Care System, RB
5.000%, 07/01/2027		1,490		1,492


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Massachusetts State, Development Finance Agency, Waste Management Inc Project, AMT, RB
1.250%, 05/01/2027 (D)	$	2,500	$	2,359
Massachusetts State, Development Finance Agency, Wellforce Inc, Ser C, RB, AGM
5.000%, 10/01/2027		435		453
Massachusetts State, Educational Financing Authority, Ser B, AMT, RB
5.000%, 07/01/2025		850		851
5.000%, 07/01/2026		1,000		1,016
Massachusetts State, Health & Educational Facilities Authority, Partners Health Care System, Ser G, RB, AGM
3.250%, 07/01/2042 (A)		1,325		1,325
Quincy, GO
5.000%, 07/25/2025		1,000		1,002

				8,498

Michigan — 2.0%
Michigan State, Finance Authority, Henry Ford Health, Detroit South Campus, Central Utility Plant Project, RB
5.000%, 08/31/2027		355		367
Michigan State, Hospital Finance Authority, Trinity Health Credit Group, Ser C-, RB
5.000%, 12/01/2025		1,050		1,060
Michigan State, Housing Development Authority, Clark Road Senior Apartments Project, RB
4.500%, 12/01/2042 (A)		5,500		5,551
Michigan State, Housing Development Authority, Rental Housing, Ser A, RB
3.300%, 04/01/2026		5,950		5,946
Michigan State, Strategic Fund, Consumers Energy Company Project, AMT, RB
0.875%, 04/01/2035 (A)		900		844
Wayne County, Airport Authority, Ser F, AMT, RB
5.000%, 12/01/2027		2,235		2,240

				16,008

Minnesota — 2.0%
Center City, Health Care Facilities, Hazelden Betty Ford Foundation Project, RB
5.000%, 11/01/2030		250		268
Gibbon, Independent School District No. 2365, Ser A, GO
6.000%, 02/01/2026		280		286
6.000%, 02/01/2027		200		210
Kiester, Ser A, GO
3.625%, 12/01/2026		1,710		1,713


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Maple Grove, Health Care Facilities Revenue, North Memorial Health Care, RB
5.000%, 09/01/2029	$	2,830	$	2,835
Minneapolis, Allina Health System, Ser A, RB
5.000%, 11/15/2052 (A)		2,000		2,091
Minneapolis, Fairview Health Services, Ser A, RB
5.000%, 11/15/2026		1,310		1,317
Minneapolis-St. Paul, Metropolitan Airports Commission, Sub-Ser S, AMT, RB
5.000%, 01/01/2026		450		455
Minnesota State, Higher Education Facilities Authority, Ser A, RB
5.000%, 10/01/2025		335		337
Minnesota State, Housing Finance Agency, Ser C, AMT, RB, GNMA/FNMA/FHLMC
1.200%, 01/01/2027		570		539
1.050%, 07/01/2026		1,145		1,104
0.950%, 01/01/2026		1,140		1,116
0.875%, 07/01/2025		1,130		1,126
Minnesota State, Rural Water Finance Authority, Public Projects Construction, RB
3.300%, 08/01/2026		1,000		1,000
Roseville, Independent School District No. 623, Ser A, COP
5.000%, 04/01/2026		500		504
Saint Paul, Housing & Redevelopment Authority, Health Care System, Fairview Health Services, RB
5.000%, 11/15/2029		705		725

				15,626

Mississippi — 0.6%
Warren County, Environmental Improvement Revenue, International Paper Co Project, AMT, RB
1.600%, 08/01/2027 (A)		2,000		1,999
Warren County, Gulf Opportunity Zone Revenue, International Paper Co Project, RB
1.375%, 08/01/2027 (A)		2,500		2,497

				4,496

Missouri — 1.7%
Barry County, Law Enforcement Center Project, COP
5.000%, 10/01/2027		580		596
Jackson County, RB
5.000%, 12/01/2027		1,110		1,163


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Missouri State, Environmental Improvement & Energy Resources Authority, Kansas City Power & Light Company Project, Ser R, AMT, RB
3.500%, 05/01/2038 (A)	$	9,650	$	9,644
Missouri State, Health & Educational Facilities Authority, Lutheran Senior Services Projects, RB
5.000%, 02/01/2030		1,200		1,249
Missouri State, Health & Educational Facilities Authority, Saint Lukes Health System, RB
5.000%, 11/15/2026		620		632

				13,284

Nebraska — 0.5%
Central Plains, Energy Project, Ser A, RB
5.000%, 05/01/2054 (A)		1,000		1,030
Douglas County, Hospital Authority No. 3, Nebraska Methodist Health System, RB
5.000%, 11/01/2027		1,260		1,268
Gretna, COP
5.000%, 12/15/2025		2,000		2,002

				4,300

New Hampshire — 0.5%
New Hampshire State, Housing Finance Authority, Ser 4, RB, FHA
3.700%, 01/01/2027		1,870		1,878
3.625%, 04/01/2026		1,750		1,755
New Hampshire State, National Finance Authority, Pollution Control, New York State Electric & Gas Corporation Project, AMT, RB
4.000%, 12/01/2028		525		526

				4,159

New Jersey — 2.4%
Haddonfield, Public Schools District, GO
1.000%, 04/15/2027		1,725		1,650
1.000%, 04/15/2028		1,370		1,280
1.000%, 04/15/2029		1,396		1,271
New Jersey State, Economic Development Authority, Municipal Rehabilitation, Ser S, RB
5.250%, 04/01/2026 (A)		3,500		3,553
New Jersey State, Economic Development Authority, School Facilities Construction, RB
3.220%, 09/01/2025 (A)		1,050		1,050
New Jersey State, Economic Development Authority, School Facilities Construction, Ser GGG, RB
5.250%, 09/01/2025 (D)		1,000		1,005


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Economic Development Authority, Ser A, RB
4.125%, 06/15/2026	$	860	$	860
New Jersey State, Health Care Facilities Financing Authority, RWJ Barnabas, RB
5.000%, 07/01/2029		1,830		1,862
New Jersey State, Higher Education Student Assistance Authority, Ser B, AMT, RB
5.000%, 12/01/2025		2,850		2,869
New Jersey State, Transportation Trust Fund Authority, Ser C, RB, AGM
0.000%, 12/15/2029 (C)		1,390		1,189
New Jersey State, Turnpike Authority, Ser A, RB
5.000%, 01/01/2033		1,200		1,228
Passaic, Ser A, GO
5.000%, 08/01/2025		700		702
Winslow, GO
2.000%, 03/01/2029		875		834

				19,353

New Mexico — 0.4%
Farmington, Pollution Control Revenue Bonds, San Juan Project, RB
3.900%, 06/01/2040 (A)		1,000		1,007
New Mexico State, Municipal Energy Acquisition Authority, Gas Supply, RB
5.000%, 06/01/2054 (A)		500		523
Santa Fe County, Multifamily Housing, Cresta Ranch Apartments, RB
3.290%, 12/10/2049 (A)		1,500		1,496

				3,026

New York — 5.5%
Buffalo, Municipal Housing Authority, RB, FHA
2.650%, 07/01/2031		690		616
Ithaca, GO
4.250%, 02/13/2026		2,000		2,006
Long Island, Power Authority, Ser B, RB
5.000%, 09/01/2052 (A)		1,435		1,476
3.000%, 09/01/2049 (A)		4,470		4,296
0.850%, 09/01/2050 (A)		2,000		1,984
Long Island, Power Authority, Ser C, RB
2.420%, 09/01/2038 (A)		1,585		1,584
Lowville, GO
5.375%, 08/21/2025		700		701
Metropolitan New York, Transportation Authority, RB
5.000%, 11/15/2030		900		972
Metropolitan New York, Transportation Authority, Ser A2, RB
5.000%, 11/15/2027		1,500		1,538


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York City, Housing Development Authority, RB, FHA
3.400%, 11/01/2062 (A)	$	5,000	$	4,997
0.600%, 05/01/2061 (A)		2,660		2,652
New York City, Housing Development Authority, Ser E-2, RB
3.800%, 11/01/2063 (A)		3,000		3,032
New York City, Ser 2-REM, GO
1.700%, 04/01/2042 (A)		2,100		2,100
New York City, Ser A, GO
5.000%, 08/01/2030		1,250		1,366
New York City, Sub-Ser, GO
1.500%, 10/01/2046 (A)		2,825		2,825
New York State, Housing Finance Agency, Ser A-2, RB
3.450%, 06/15/2054 (A)		1,000		995
New York State, Housing Finance Agency, Sustainability Bonds, RB, FHA
3.450%, 05/01/2062 (A)		830		829
New York State, Transportation Development Corporation, JFK International Airport Terminal 4 Project, AMT, RB
5.000%, 12/01/2026		1,000		1,018
New York State, Transportation Development Corporation, JFK International Airport Terminal 4 Project, RB
5.000%, 12/01/2025		800		806
5.000%, 12/01/2026		1,000		1,024
Niagara, Frontier Transportation Authority, AMT, RB
5.000%, 04/01/2028		1,045		1,078
North Hempstead, Ser B, GO
4.000%, 09/19/2025		3,000		3,008
Triborough, Bridge & Tunnel Authority, MTA Bridges and Tunnels, RB
5.000%, 12/01/2028		1,000		1,072
Triborough, Bridge & Tunnel Authority, Sub-Ser, RB
5.000%, 05/15/2050 (A)		1,500		1,524

				43,499

North Carolina — 1.1%
Charlotte-Mecklenburg, Hospital Authority, Atrium Health Group, RB
1.400%, 01/15/2042 (A)(E)		2,000		2,000
Charlotte-Mecklenburg, Hospital Authority, Atrium Health Group, Ser C-REM, RB
3.450%, 01/15/2048 (A)		1,000		1,000
Charlotte-Mecklenburg, Hospital Authority, Atrium Health Group, Ser E, RB
0.800%, 01/15/2048 (A)		1,000		987


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Columbus County, Industrial Facilities & Pollution Control Financing Authority, International Paper Co Project, RB
1.375%, 05/01/2034 (A)	$	1,000	$	999
Durham, Housing Authority, 500 East Main, RB, FHA
3.625%, 04/01/2029 (A)		3,575		3,593

				8,579

North Dakota — 0.7%
Cass County, Joint Water Resource District, Ser A, RB
3.450%, 04/01/2027		5,000		4,989
Grand Forks, Altru Health System, Ser A, RB, AGM
5.000%, 12/01/2026		100		103
5.000%, 12/01/2027		125		130
5.000%, 12/01/2028		125		131

				5,353

Ohio — 3.1%
Allen County, Hospital Facilities Revenue, RB
5.000%, 10/01/2049 (A)		3,500		3,602
American Municipal Power, Electrical System Improvement, Wapakoneta, RB
4.500%, 06/19/2025		2,000		2,001
American Municipal Power, R.I.C.E. Peaking Project, RB
5.000%, 02/15/2030		805		862
Cuyahoga County, Convention Hotel Project, COP
5.000%, 12/01/2026		845		868
Dayton, School District, COP
3.000%, 12/01/2025		170		170
Huber Heights, Ser B, GO
4.500%, 07/10/2025		2,000		2,003
Montgomery, GO
4.500%, 06/10/2025		1,000		1,000
Newark, GO
5.000%, 03/18/2026		1,900		1,919
Ohio State, Air Quality Development Authority, Duke Energy, AMT, RB
4.250%, 11/01/2039 (A)		1,500		1,511
Ohio State, Higher Educational Facility Commission, Xavier University 2024 Project, RB
5.000%, 05/01/2026		525		533
5.000%, 05/01/2028		700		732
5.000%, 05/01/2030		540		575
Ohio State, Housing Finance Agency, Hitchcock Housing, Ser A, RB, FHA
5.000%, 04/01/2027 (A)		1,300		1,317


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Ohio State, Housing Finance Agency, Post Oak Station, Ser A-REMK, RB, FHA
3.850%, 07/01/2025	$	1,500	$	1,500
Ohio State, Housing Finance Agency, Riverview San Marco Apartments, RB, FHA
5.000%, 08/01/2026 (A)		2,140		2,145
Ohio State, Housing Finance Agency, Terrace Gardens, Ser A, RB, FHA
4.000%, 12/01/2027 (A)		3,075		3,107
Put-in-Bay Village, GO
4.750%, 10/29/2025		1,000		1,005

				24,850

Oklahoma — 2.3%
Creek County, Educational Facilities Authority, Bristow Public Schools Project, RB
5.000%, 09/01/2025		1,645		1,651
Oklahoma State, Development Finance Authority, Ser A, RB
5.000%, 08/15/2031		810		810
Tulsa County, Industrial Authority, Educational Facilities, Broken Arrow Public Schools Project, RB
5.000%, 09/01/2029		350		376
5.000%, 09/01/2030		375		407
Tulsa, Ser A, GO
0.050%, 01/01/2026		9,095		8,928
0.050%, 01/01/2027		5,735		5,463
University of Oklahoma, Ser A, RB, BAM
5.000%, 07/01/2026		330		337
Washington County, Educational Facilities Authority, Dewey Public Schools Project, RB
5.000%, 09/01/2025		400		401

				18,373

Oregon — 1.1%
Deschutes & Jefferson Counties, School District No. 2J Redmond, GO
0.000%, 06/15/2025 (C)		555		554
Lane County, School District No. 1 Pleasant Hill, Ser B-CABS, GO
0.000%, 06/15/2027 (C)		350		327
Marion & Polk County, Salem-Keizer School District No. 24J, Ser B, GO
0.000%, 06/15/2025 (C)		2,070		2,067
0.000%, 06/15/2026 (C)		3,270		3,160
Multnomah County, School District No. 40, Ser A, GO
0.000%, 06/15/2026 (C)		250		242
0.000%, 06/15/2028 (C)		395		356


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Oregon State, Business Development Commission, Intel Corporation Project, Ser 232-RE, RB
3.800%, 12/01/2040 (A)	$	1,000	$	1,006
Port of Portland, Airport Revenue, Ser THIRTY-B, AMT, RB
5.000%, 07/01/2027		665		686

				8,398

Pennsylvania — 2.3%
Allegheny County, Hospital Development Authority, University of Pittsburgh Medical Center, Ser Senior D2-E-REMK, RB
2.670%, 11/15/2047 (A)		3,000		2,972
Bethlehem, School District Authority, RB
3.265%, 01/01/2032 (A)		570		568
Lehigh County, Industrial Development Authority, PPL Electric Utilities, RB
2.625%, 02/15/2027		1,000		989
Lycoming County, College Revenue Authority, Lycoming College Project, RB
3.850%, 11/01/2035 (A)		2,000		1,999
Monroeville, Finance Authority, University of Pittsburgh Medical Center, Ser C, RB
5.000%, 05/15/2028		570		601
Pennsylvania State University, Ser B, RB
5.000%, 09/01/2033		2,550		2,599
Pennsylvania State, Economic Development Financing Authority, Rapid Bridge Replacement Project, AMT, RB
5.000%, 12/31/2030		640		644
Pennsylvania State, Higher Educational Facilities Authority, Drexel University, Ser A, RB, AGM
5.000%, 05/01/2029		1,500		1,595
Pennsylvania State, Housing Finance Agency, Ser 120, RB
2.350%, 04/01/2027		1,295		1,255
Pennsylvania State, Turnpike Commission, RB
2.820%, 07/15/2041 (A)		2,500		2,495
Pennsylvania State, Turnpike Commission, Ser A, RB
4.000%, 12/01/2025		1,075		1,080
Philadelphia, School District, Ser A, GO
5.000%, 09/01/2027		1,155		1,200
Philadelphia, School District, Ser F, GO
5.000%, 09/01/2029		295		299

				18,296

Rhode Island — 0.6%
Pawtucket, GO
4.500%, 10/24/2025		4,000		4,006


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Providence, Public Building Authority, Capital Improvement Program Projects, RB, AGC
5.000%, 09/15/2029	$	850	$	907

				4,913

South Carolina — 0.3%
South Carolina State, Housing Finance & Development Authority, Settlement Manor Apartments Project, RB
5.000%, 11/01/2028 (A)		1,250		1,300
South Carolina State, Public Service Authority, Santee Cooper, Ser A, RB
5.000%, 12/01/2030		675		734

				2,034

Tennessee — 3.2%
Chattanooga, Health Educational & Housing Facility Board, One Westside Phase 1B Project, RB
3.600%, 06/01/2048 (A)		2,500		2,515
Chattanooga, Health Educational & Housing Facility Board, Shallowford Project, RB, FHA
3.800%, 12/01/2029 (A)		2,000		2,015
Franklin, Health & Educational Facilities Board, Multifamily Housing, Harpeth Hills Apartments Project, RB, FHA
3.600%, 11/01/2029 (A)		1,500		1,510
Johnson City, Health & Educational Facilities Board, Ballad Health, Ser A, RB
5.000%, 07/01/2027		400		413
5.000%, 07/01/2028		400		420
Knox County, Health Educational & Housing Facility Board, Westview Towers Project, RB, FHA
3.950%, 12/01/2027 (A)		500		501
Nashville & Davidson County, Metropolitan Government, Health & Educational Facilities Board, 4th & Shelby Apartments Project, RB
5.000%, 06/01/2029 (A)		2,800		2,929
Shelby County, Health Educational & Housing Facility Board, Methodist Le Bonheur Healthcare, RB
5.000%, 05/01/2031		260		266
Tennergy, Gas Supply, Ser A, RB
5.500%, 10/01/2053 (A)		1,000		1,048
Tennergy, RB
5.000%, 06/01/2028		275		286
5.000%, 06/01/2029		825		865
5.000%, 10/01/2054 (A)		7,500		7,800


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Tennergy, Ser A, RB
5.500%, 12/01/2027	$	750	$	779
5.250%, 12/01/2026		700		715
Williamson County, Industrial Development Board, Wood Duck Court Apartments, RB, FHA
5.000%, 05/01/2042 (A)		3,060		3,132

				25,194

Texas — 15.1%
Arlington, Higher Education Finance, Trinity Basein Preparatory, RB, PSF-GTD
5.000%, 08/15/2026		320		327
Arlington, Housing Finance, RB
4.500%, 04/01/2041 (A)		5,000		5,047
3.500%, 11/01/2043 (A)		1,000		1,000
Central Texas, Turnpike System, Ser B, RB
5.000%, 08/15/2042 (A)		3,000		3,156
Clear Creek, Independent School District, Ser B-REMK, GO, PSF-GTD
3.600%, 02/15/2035 (A)		1,500		1,501
Conroe, Municipal Management District No. 1, GO, BAM
6.500%, 09/01/2025		670		675
6.500%, 09/01/2026		390		404
6.500%, 09/01/2027		635		677
6.500%, 09/01/2028		245		267
Dallas City, Housing Finance Corporation, Multifamily Housing Revenue, Rosemont at Ash Creek Apartments, RB, FHA
5.000%, 07/01/2026 (A)		2,750		2,771
Dallas City, Housing Finance Corporation, Multifamily Housing Revenue, Waterford at Goldmark, RB
3.300%, 01/01/2043 (A)		8,710		8,702
Dallas City, Kay Bailey Hutchinson Convention Center, Special Tax
6.000%, 08/15/2053 (A)(D)		1,500		1,502
Denton County, GO
4.000%, 07/15/2027		740		740
Denton, Independent School District, GO, PSF-GTD
5.000%, 08/15/2026		1,025		1,052
Ector County, Independent School District, Ser B, GO, PSF-GTD
4.000%, 08/15/2049 (A)		1,000		1,017
El Paso, Independent School District, Ser R, GO
5.000%, 02/01/2040 (A)		1,960		1,981
Fort Bend County, Municipal Utility District No. 162, GO, BAM
5.500%, 09/01/2027		520		545


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Fort Bend, Independent School District, Ser B, GO, PSF-GTD
4.000%, 08/01/2054 (A)	$	2,000	$	2,030
0.875%, 08/01/2050 (A)		750		747
0.720%, 08/01/2051 (A)		825		794
Galveston, Wharves & Terminal Revenue, Ser B, RB
5.000%, 08/01/2028		250		262
5.000%, 08/01/2029		300		318
5.000%, 08/01/2030		300		321
Greater Texoma, Utility Authority, RB, AGM
4.000%, 10/01/2027		385		393
4.000%, 10/01/2028		525		540
Harris County, Cultural Education Facilities Finance, Texas Medical Center, Ser A, RB
5.000%, 05/15/2050 (A)		1,000		1,059
Harris County, Hospital District, GO
5.000%, 02/15/2028		750		790
Harris County, Houston Sports Authority, Ser B, RB, AGC
5.000%, 11/15/2025		585		590
5.000%, 11/15/2026		740		759
Harris County, Municipal Utility District No. 1, GO, AGM
4.000%, 09/01/2025		635		636
4.000%, 09/01/2026		665		672
4.000%, 09/01/2027		695		708
4.000%, 09/01/2028		725		743
4.000%, 09/01/2029		755		771
Harris County, Municipal Utility District No. 165, GO, BAM
5.500%, 03/01/2026		305		310
5.500%, 03/01/2027		320		330
5.500%, 03/01/2028		335		352
5.125%, 03/01/2029		350		367
5.000%, 03/01/2030		365		384
Harris County, Municipal Utility District No. 238, GO, NATL
4.000%, 04/01/2030		710		712
Harris County, Municipal Utility District No. 502, GO, BAM
7.250%, 09/01/2025		455		459
7.250%, 09/01/2026		470		492
7.250%, 09/01/2027		480		521
7.250%, 09/01/2028		495		553
Harris-Waller Counties, Municipal Utility District No. 4, GO, AGC
6.500%, 11/01/2026		695		724
6.500%, 11/01/2027		735		785
6.500%, 11/01/2028		765		837
6.500%, 11/01/2029		805		899
6.500%, 11/01/2030		840		955


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Harris-Waller Counties, Municipal Utility District No. 4, GO, BAM
7.250%, 11/01/2025	$	115	$	117
7.250%, 11/01/2026		230		242
7.250%, 11/01/2027		350		380
7.250%, 11/01/2028		345		385
7.250%, 11/01/2029		390		447
Highway 380, Municipal Management District No. 1, GO, BAM
5.500%, 05/01/2026		360		366
5.500%, 05/01/2027		375		391
5.500%, 05/01/2028		390		415
5.000%, 05/01/2030		420		451
Houston, East Downtown, Redevelopment Authority, TA
5.000%, 09/01/2025		295		296
Houston, Hotel Occupancy Tax & Special Revenue, RB
5.000%, 09/01/2025		1,000		1,001
5.000%, 09/01/2030		1,000		1,001
Houston, Independent School District, GO, PSF-GTD
3.500%, 06/01/2039 (A)		4,090		4,090
Katy, Independent School District, GO, PSF-GTD
4.000%, 08/15/2050 (A)		2,195		2,215
Kaufman County, Municipal Utility District No. 5, GO, BAM
5.000%, 03/01/2026		300		304
5.000%, 03/01/2028		305		317
Kilgore, Independent School District, GO, PSF-GTD
2.000%, 02/15/2052 (A)		2,190		2,183
Lubbock, Water & Wastewater System, RB
5.000%, 02/15/2028		355		374
Midland County, Hospital District, Ser A, RB, BAM
5.000%, 05/15/2029		800		856
Montgomery County, Municipal Utility District No. 140, GO, AGM
5.750%, 09/01/2026		175		180
5.750%, 09/01/2027		185		195
5.750%, 09/01/2028		195		209
5.750%, 09/01/2029		205		224
5.375%, 09/01/2030		220		239
Montgomery County, Municipal Utility District No. 186, GO, AGM
5.500%, 12/01/2026		250		259
5.500%, 12/01/2027		250		264
5.500%, 12/01/2028		250		269
5.250%, 12/01/2029		250		270


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Hope, Cultural Education Facilities, Westminster Project, RB
5.000%, 11/01/2027	$	345	$	354
5.000%, 11/01/2028		440		455
5.000%, 11/01/2029		570		594
North Hays County, Municipal Utility District No. 1, GO, BAM
3.000%, 08/15/2025		335		334
North Texas, Tollway Authority, Ser A, RB
5.000%, 01/01/2026		1,905		1,928
5.000%, 01/01/2027		1,665		1,721
Northside, Independent School District, GO, PSF-GTD
3.550%, 06/01/2050 (A)		1,500		1,504
Northside, Independent School District, Ser B, GO, PSF-GTD
3.450%, 08/01/2054 (A)		3,500		3,498
Plainview, Independent School District, Ser B-REMK, GO, PSF-GTD
4.000%, 02/15/2050 (A)		1,310		1,316
Port Arthur, Port Authority, GO, BAM
5.000%, 02/15/2026		200		203
Pottsboro, Independent School District, GO, PSF-GTD
4.000%, 02/15/2052 (A)		2,100		2,111
Prosper, Independent School District, GO, PSF-GTD
3.000%, 02/15/2053 (A)		3,045		3,043
Round Rock, Independent School District, Ser A, GO, PSF-GTD
5.000%, 08/01/2044 (A)		1,000		1,077
San Antonio, Electric & Gas Systems Revenue, RB
3.650%, 02/01/2053 (A)		1,000		997
2.840%, 02/01/2048 (A)		2,500		2,500
San Antonio, Water System, Ser 2013F-REMK, RB
1.000%, 05/01/2043 (A)		1,120		1,079
Sinton, Independent School District, GO, PSF-GTD
4.000%, 08/15/2051 (A)		1,000		1,000
Tarrant County, Cultural Education Facilities Finance, Baylor Scott & White Health Project, RB
5.000%, 11/15/2052 (A)		1,105		1,119
Tarrant County, Cultural Education Facilities Finance, Buckner Retirement Services Project, RB
5.000%, 11/15/2025		1,370		1,373
Tarrant County, Housing Finance Corporation, Multifamily Housing, Wildwood Branch, RB
3.600%, 02/01/2043 (A)		5,500		5,529


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Texas State, Affordable Housing Corporation, Norman Commons, RB
3.625%, 01/01/2045 (A)	$	940	$	945
Texas State, Department of Housing & Community Affairs, Multifamily Housing, Gulfway Manor, RB, FHA
3.250%, 08/01/2028 (A)		3,600		3,595
Texas State, Department of Housing & Community Affairs, Multifamily Housing, Palladium Old FM 471, RB, FHA
3.050%, 09/01/2029 (A)		3,495		3,482
Texas State, Municipal Gas Acquisition & Supply I, Ser Senior B, RB
3.756%, 12/15/2026 (A)		675		675
Texas State, Municipal Gas Acquisition & Supply II, Ser C, RB
3.700%, 09/15/2027 (A)		2,975		2,976
Texas State, Municipal Gas Acquisition & Supply IV, Ser A, RB
5.250%, 01/01/2026		1,000		1,010
5.250%, 01/01/2028		3,185		3,319
Texas State, Municipal Gas Acquisition & Supply V, RB
5.000%, 01/01/2026		450		454
5.000%, 01/01/2027		750		768
Williamson County, Municipal Utility District No. 19a, Ser A, GO, BAM
4.500%, 08/15/2025		250		250

				119,326

Utah — 0.6%
Cache County, School District, GO
4.000%, 06/15/2030		1,500		1,511
Ogden, School District, GO
5.000%, 06/15/2026		1,250		1,278
Salt Lake City, Airport Revenue, Ser A, AMT, RB
5.000%, 07/01/2026		200		203
Utah State, Charter School Finance Authority, Summit Academy, Ser A, RB
5.000%, 04/15/2027		250		256
5.000%, 04/15/2029		200		210
5.000%, 04/15/2030		215		227
Utah State, Housing Corporation, Promontory Place Apartments, RB
3.400%, 02/01/2028 (A)		1,000		998

				4,683

Virgin Islands — 0.3%
Virgin Islands, Matching Fund, Special Purpose Securitization, Ser A, RB
5.000%, 10/01/2026		2,425		2,444


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Virginia — 1.4%
Albemarle County, Economic Development Authority, RB
1.400%, 10/01/2048 (A)	$	4,500	$	4,500
Fairfax County, Redevelopment & Housing Authority, Dominion Square North Project, RB
5.000%, 01/01/2045 (A)		50		52
Harrisonburg, Redevelopment & Housing Authority, Wesley Apartments Project, RB
4.000%, 12/01/2028 (A)		1,650		1,667
Isle of Wight County, Economic Development Authority, RB, AGM
5.000%, 07/01/2029		500		535
5.000%, 07/01/2030		550		596
Virginia State, Housing Development Authority, RB
3.625%, 07/01/2055 (A)		1,355		1,355
Virginia State, Housing Development Authority, Ser C, RB
3.900%, 01/01/2030		315		317
3.800%, 07/01/2029		355		358
Virginia State, Small Business Financing Authority, Pure Salmon Virginia LLC Project, AMT, RB
4.000%, 11/01/2052 (A)		2,000		2,000

				11,380

Washington — 1.8%
Central Puget Sound, Regional Transit Authority, Motor Vehicle Sales & Use Tax, Ser 2015S, RB
2.170%, 11/01/2045 (A)		6,000		5,961
Port of Seattle, AMT, RB
5.000%, 08/01/2026		1,525		1,557
5.000%, 07/01/2029		510		537
Port of Seattle, Ser A, AMT, RB
5.000%, 05/01/2029		1,595		1,634
Seattle, Housing Authority, Northgate Plaza Project, RB
1.000%, 06/01/2026		1,000		968
Skagit County, Public Hospital District No. 1, RB
4.000%, 12/01/2026		1,000		1,004
Washington State, Health Care Facilities Authority, Commonspirit Health, Ser B-, RB
5.000%, 08/01/2049 (A)		2,000		2,003


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Washington State, Housing Finance Commission, Emerald Heights Project, Ser A, RB
5.000%, 07/01/2025	$	350	$	350

				14,014

West Virginia — 1.7%
West Virginia State, Economic Development Authority, Appalachian Power Company Amos Project, RB
3.750%, 12/01/2042 (A)		10,000		10,000
3.375%, 03/01/2040 (A)		1,000		993
West Virginia State, Housing Development Fund, Multifamily Housing, Five Points, RB
5.000%, 03/01/2027 (A)		2,315		2,343

				13,336

Wisconsin — 3.7%
Clayton, Ser B, RB
2.000%, 06/01/2026		1,155		1,131
Dane County, Airport Project, AMT, GO
5.000%, 06/01/2026		2,120		2,152
5.000%, 06/01/2027		2,230		2,294
Fort Atkinson, GO
4.000%, 02/01/2027		340		346
Milwaukee, Ser B3, GO
4.000%, 03/15/2028		1,115		1,115
Milwaukee, Ser N3, GO, AGM
5.000%, 04/01/2029		1,000		1,064
Milwaukee, Ser N-4, GO
5.000%, 04/01/2029		885		937
PMA Levy & Aid Anticipation Notes Program, Ser A, RB
5.000%, 09/24/2025		1,500		1,508
Slinger, Redevelopment Authority, Police Station Project, Ser A, RB
5.000%, 03/01/2030		75		80
Watertown, RB
4.000%, 10/01/2025		1,225		1,225
Wisconsin State, Health & Educational Facilities Authority, Advocate Aurora Health Credit Group, Ser S, RB
5.000%, 08/15/2054 (A)		1,000		1,015
Wisconsin State, Health & Educational Facilities Authority, Forensic Science & Protective Medicine Collaboration Project, RB
5.000%, 08/01/2027 (D)		4,500		4,563
Wisconsin State, Health & Educational Facilities Authority, Rogers Memorial Hospital, RB
5.000%, 07/01/2029		310		311


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Wisconsin State, Health & Educational Facilities Authority, UnityPoint Health, Ser A, RB
5.000%, 12/01/2028	$	1,300	$	1,302
Wisconsin State, Housing & Economic Development Authority, Multifamily Housing, The Intersect Project, Ser I, RB
5.000%, 11/01/2058 (A)		1,250		1,285
Wisconsin State, Housing & Economic Development Authority, Ser A, RB
0.700%, 09/01/2025		1,245		1,233
Wisconsin State, Housing & Economic Development Authority, Ser B, RB
3.750%, 11/01/2055 (A)		3,500		3,521
Wisconsin State, Public Finance Authority, Duke Energy Progress Project, RB
3.300%, 10/01/2046 (A)		1,000		990
Wisconsin State, Public Finance Authority, Waste Management Inc Project, AMT, RB
1.100%, 04/01/2033 (A)		3,000		2,917

				28,989

Wyoming — 0.3%
Sublette County, Hospital District, Hospital Contruction Project, Ser A, RB
5.000%, 06/15/2026		2,000		2,000



Total Municipal Bonds
(Cost $786,213) ($ Thousands)				782,018


Total Investments in Securities — 99.1%
(Cost $786,213) ($ Thousands)			$	782,018

	Percentages are based on Net Assets of $788,977 ($ Thousands).
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.
(C)	Zero coupon security.
(D)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On May 31, 2025, the value of these securities amounted to $16,410 ($ Thousands), representing 2.1% of the Net Assets of the Fund.
(E)	Securities are held in connection with a letter of credit issued by a major bank.
(F)	Security is escrowed to maturity.

See “Glossary” for abbreviations.


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 99.5%
California — 98.9%
ABAG, Finance Authority for Nonprofit, Windemere Ranch Infrastructure Project, Ser A, Special Tax, AGM
5.000%, 09/02/2025	$	990	$	995
Anaheim, Housing & Public Improvements Authority, Electric Utility Generation System Improvements, Ser S, RB
5.000%, 10/01/2034		1,000		1,036
Anaheim, Redevelopment Agency Successor Agency, Ser A, TA
5.000%, 02/01/2027		1,000		1,039
Bay Area Toll Authority, Ser F-2, RB
5.000%, 04/01/2036		1,000		1,105
Bay Area Toll Authority, Sub-Ser S-11, RB
5.000%, 04/01/2036		2,000		2,262
Burbank-Glendale-Pasadena Airport Authority Brick Campaign, Ser B, AMT, RB
5.000%, 07/01/2032		4,215		4,501
California State, Community Choice Financing Authority, Clean Energy Project, RB
5.250%, 11/01/2054 (A)		4,000		4,196
5.000%, 02/01/2055 (A)		4,500		4,764
5.000%, 08/01/2055 (A)		2,000		2,083
California State, Community Choice Financing Authority, Clean Energy Project, Ser B-1, RB
4.000%, 02/01/2052 (A)		5,000		4,941
California State, Community Choice Financing Authority, Clean Energy Project, Ser D, RB
5.500%, 05/01/2054 (A)		2,000		2,098
California State, Educational Facilities Authority, Chapman University Project, Ser A, RB
5.000%, 04/01/2029		400		432
5.000%, 04/01/2030		425		466
5.000%, 04/01/2031		470		523
California State, Educational Facilities Authority, Stanford University Project, Ser V-3, RB
5.000%, 06/01/2033		2,055		2,360
California State, GO
5.000%, 08/01/2031		3,985		4,142
5.000%, 11/01/2031		4,500		4,949
5.000%, 09/01/2032		1,000		1,124
5.000%, 09/01/2035		1,000		1,113
5.000%, 10/01/2035		5,000		5,534
4.000%, 08/01/2034		4,000		4,175
4.000%, 08/01/2035		2,500		2,476


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, GO
Pre-Refunded @ 100
5.000%, 08/01/2027 (B)	$	15	$	16
California State, GO, AGM
5.250%, 08/01/2032		2,000		2,239
California State, Health Facilities Financing Authority, Adventis Health System, Ser S, RB
5.000%, 12/01/2036		2,500		2,608
5.000%, 12/01/2037		3,180		3,286
California State, Health Facilities Financing Authority, Children's Hospital of Orange County, RB
5.000%, 11/01/2054 (A)		1,000		1,104
California State, Health Facilities Financing Authority, City of Hope Project, RB
5.000%, 11/15/2027		1,200		1,201
California State, Health Facilities Financing Authority, Common Spirit Health, Ser A, RB
5.000%, 12/01/2035		1,000		1,100
5.000%, 12/01/2036		1,000		1,087
California State, Health Facilities Financing Authority, El Camino Health Services, Ser A, RB
5.000%, 02/01/2035		500		562
5.000%, 02/01/2036		200		222
5.000%, 02/01/2037		750		824
California State, Health Facilities Financing Authority, Kaiser Permanente Project, Ser 2006-C, RB
5.000%, 06/01/2041 (A)		4,000		4,305
California State, Health Facilities Financing Authority, St. Joseph Health System, RB
5.000%, 10/01/2039 (A)		1,500		1,543
California State, Health Facilities Financing Authority, Stanford Health Care, RB
3.000%, 08/15/2054 (A)		2,000		1,994
California State, Housing Finance Agency, Ser 2, RB
4.000%, 03/20/2033		865		859
California State, Housing Finance Agency, Ser A, RB
4.250%, 01/15/2035		1,363		1,369
California State, Infrastructure & Economic Development Bank, Academy Motion Picture Art, RB
5.000%, 11/01/2030		3,000		3,307
California State, Infrastructure & Economic Development Bank, California Academy of Sciences, RB
3.250%, 08/01/2029		3,000		2,997


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Infrastructure & Economic Development Bank, National Charter School Revolving Loan Fund, RB
5.000%, 11/01/2035	$	850	$	912
5.000%, 11/01/2037		465		489
California State, Infrastructure & Economic Development Bank, National Charter School Revolving Loan Fund, Ser B, RB
5.000%, 11/01/2031		535		577
5.000%, 11/01/2032		850		919
California State, Municipal Finance Authority, Eisenhower Medical Center, Ser A, RB
5.000%, 07/01/2025		500		501
5.000%, 07/01/2027		1,170		1,203
California State, Municipal Finance Authority, Eisenhower Medical Center, Ser B, RB
5.000%, 07/01/2026		450		455
California State, Municipal Finance Authority, Eskaton Properties, RB
5.000%, 11/15/2034		1,275		1,361
5.000%, 11/15/2035		1,340		1,416
5.000%, 11/15/2036		1,410		1,480
California State, Municipal Finance Authority, Humangood Obligation Group, Ser A, RB
4.000%, 10/01/2029		1,260		1,266
California State, Municipal Finance Authority, Ignatius College Prep, Ser A, RB
5.000%, 09/01/2034		500		565
California State, Municipal Finance Authority, Orchard Park Student Housing Project, RB, BAM
5.000%, 05/15/2029		700		745
5.000%, 05/15/2030		900		969
California State, Municipal Finance Authority, Republic Services Inc Project, AMT, RB
4.375%, 09/01/2053 (A)		2,000		1,982
California State, Municipal Finance Authority, Ser A-1, RB
5.000%, 06/01/2056 (A)		2,000		2,093
California State, Municipal Finance Authority, UCR North District, Phase 1 Student Project, RB, BAM
5.000%, 05/15/2026		500		508
California State, Public Finance Authority, Healthcare Obligated Group, RB
5.000%, 08/01/2033		1,550		1,764
California State, Public Works Board, May Lee State Office Complex, Ser S, RB
5.000%, 04/01/2036		750		830


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Public Works Board, Various Capital Projects, RB
5.000%, 12/01/2035	$	2,000	$	2,193
California State, Public Works Board, Various Capital Projects, Ser B, RB
Pre-Refunded @ 100
5.000%, 10/01/2027 (B)		120		126
California State, School Finance Authority, Magnolia Public Schools Obligation, RB
4.250%, 07/01/2035 (C)		1,700		1,656
California State, Statewide Communities Development Authority, John Muir Health, Ser A, RB
5.000%, 12/01/2035		1,250		1,388
California State, Statewide Communities Development Authority, Kaiser Permanente Project, Ser 2004-M, RB
5.000%, 04/01/2038 (A)		4,000		4,305
California State, Statewide Communities Development Authority, Student Housing, University of California, Irvine Campus Apartments, RB, BAM
4.000%, 05/15/2046		1,000		899
California State, University Revenue Systemwide, Ser 2016B-2, RB
0.550%, 11/01/2049 (A)		3,000		2,866
California State, Various Purpose, GO
5.000%, 10/01/2029		5,000		5,434
5.000%, 10/01/2030		1,230		1,331
Chabot-Las Positas, Community College District, Ser B, GO
3.000%, 08/01/2030		1,250		1,236
FHLMC Multifamily Certificates, Relating to Municipal Securities, Ser M-049, RB
3.050%, 04/15/2034		1,335		1,252
Golden State, Tobacco Securitization Project, Ser A1, RB
5.000%, 06/01/2025 (D)		1,365		1,365
5.000%, 06/01/2026 (D)		1,500		1,531
Hesperia Community, Redevelopment Agency Successor Agency, Ser A, TA, AGM
5.000%, 09/01/2029		2,275		2,418
Indio, Electric Financing Authority, Ser A, RB
5.000%, 01/01/2033		130		145
5.000%, 01/01/2034		175		194
5.000%, 01/01/2035		135		149
Inglewood, Redevelopment Agency Successor Agency, Merged Redevelopment Project, Sub-Ser, TA, BAM
5.000%, 05/01/2026		500		509
Long Beach, Bond Finance Authority, RB
5.000%, 08/01/2035		500		565


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Los Angeles County, Metropolitan Transportation Authority, RB
5.000%, 06/01/2030	$	545	$	603
Los Angeles County, Public Works Financing Authority, Ser H, RB
5.000%, 12/01/2035		2,000		2,248
Los Angeles, Department of Airports, Los Angeles International Airport Project, Ser G, AMT, RB
5.000%, 05/15/2034		1,500		1,582
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser, AMT, RB
5.000%, 05/15/2028		1,000		1,041
5.000%, 05/15/2029		3,000		3,157
Los Angeles, Department of Water & Power, Water System Revenue, Ser D, RB
5.000%, 07/01/2033		385		415
5.000%, 07/01/2034		545		585
5.000%, 07/01/2035		1,210		1,288
Los Angeles, Department of Water & Power, Water System Revenue, Ser E, RB
5.000%, 07/01/2035		6,225		6,722
Los Angeles, Municipal Improvement Corp, Capital Equipment and Real Property, RB
5.000%, 05/01/2034		500		564
5.000%, 05/01/2035		500		561
Los Angeles, Unified School District, Ser A, COP
5.000%, 10/01/2035		3,000		3,332
Los Angeles, Unified School District, Ser A, GO
5.000%, 07/01/2029		3,440		3,730
5.000%, 07/01/2031		5,000		5,531
5.000%, 07/01/2034		2,230		2,533
Los Angeles, Unified School District, Ser B1, GO
5.000%, 07/01/2029		1,000		1,052
Los Angeles, Unified School District, Ser QRR, GO
5.000%, 07/01/2037		2,000		2,223
Modesto, Irrigation District, Ser A, RB
5.000%, 10/01/2034		700		779
5.000%, 10/01/2035		900		995
Mount Diablo Unified School District, Ser C, GO
5.000%, 08/01/2031		400		448
5.000%, 08/01/2037		285		319
Northern California, Tobacco Securitization Authority, RB
4.000%, 06/01/2049		585		542
Ontario Public Financing Authority, Ser A, RB
5.000%, 11/01/2037		1,000		1,098


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Palm Springs, Airport Revenue, Palm Springs International Airport Project, AMT, RB, BAM
5.000%, 06/01/2028	$	1,100	$	1,100
Pasadena County, Public Financing Authority, Rose Bowl Revovation Project, RB
5.000%, 06/01/2036		1,000		1,135
5.000%, 06/01/2037		2,000		2,254
Riverside County, Public Financing Authority, TA, AGM
5.000%, 10/01/2035		1,000		1,119
5.000%, 10/01/2036		650		720
5.000%, 10/01/2037		700		768
Sacramento, Municipal Utility District, Ser N-1, RB
5.000%, 11/15/2036		3,000		3,375
San Diego County, Regional Airport Authority, AMT, RB
5.250%, 07/01/2035		2,000		2,180
San Diego County, Regional Airport Authority, Sub-Ser B, AMT, RB
5.000%, 07/01/2026		400		406
5.000%, 07/01/2027		500		515
5.000%, 07/01/2028		1,000		1,026
San Diego, Association of Governments South Bay Expressway Revenue, Ser A, RB
5.000%, 07/01/2028		1,000		1,040
San Francisco City & County, Airport Commission, San Francisco International Airport, AMT, RB
5.000%, 01/01/2026		2,500		2,520
San Francisco City & County, Airport Commission, San Francisco International Airport, Ser B, RB
5.000%, 05/01/2032		2,500		2,759
San Francisco City & County, Airport Comm-San Francisco International Airport, AMT, RB
5.000%, 05/01/2037		1,500		1,574
San Francisco City & County, Multiple Capital Improvement Projects, COP
5.000%, 04/01/2032		2,200		2,466
5.000%, 04/01/2033		1,685		1,902
San Francisco City & County, Public Utilities Commission Wastewater Revenue, Ser A, RB
5.000%, 10/01/2035		2,000		2,236
San Francisco City & County, Redevelopment Agency Successor Agency, Special Tax, AGM
5.000%, 08/01/2035		700		771


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
San Jose, Norman Y Mineta San Jose International Airport SJC, Ser B, RB
5.000%, 03/01/2029	$	500	$	538
5.000%, 03/01/2030		700		765
Santa Ana, College Improvement District #1, Rancho Santiago Community College District, GO
3.000%, 08/01/2032		1,000		966
3.000%, 08/01/2033		2,580		2,461
Santa Barbara County, Solid Waste Systems, Ser B, AMT, COP
5.000%, 12/01/2025		1,440		1,452
Southern California Public Power Authority, Ser A, RB
5.000%, 07/01/2035		400		426
Stockton Unified School District, Ser A, GO, BAM
5.000%, 08/01/2031		750		833
5.000%, 08/01/2032		600		673
Stockton, Redevelopment Agency, Successor Agency, Ser A, TA, AGM
5.000%, 09/01/2027		1,000		1,025
Tulare, Local Health Care District, GO, BAM
4.000%, 08/01/2027		585		596
4.000%, 08/01/2028		435		447
4.000%, 08/01/2029		735		758
4.000%, 08/01/2030		1,320		1,362
Union, Sanitary District Financing Authority, Ser A, RB
4.000%, 09/01/2031		500		529
University of California, Ser BV, RB
5.000%, 05/15/2036		3,000		3,324
University of California, Ser BZ, RB
5.000%, 05/15/2038		2,000		2,194
Vernon, Electric System Revenue, Ser A, RB
5.000%, 10/01/2027		1,000		1,035
5.000%, 04/01/2028		2,000		2,082
Vista Joint Powers Financing Authority, Ser A, RB
5.000%, 05/01/2026		650		662
5.000%, 05/01/2027		600		625
Western, Municipal Water District Facilities Authority, Ser A, RB
5.000%, 10/01/2033		2,000		2,206

				232,707

Guam — 0.6%
Guam Government Waterworks Authority, Water Revenue, Ser A, RB
5.000%, 07/01/2035		1,375		1,429



Total Municipal Bonds
(Cost $246,032) ($ Thousands)				234,136


Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 0.3%
SEI Daily Income Trust, Government Fund, Institutional Class
4.230%**^†		681,054	$	681
Total Cash Equivalent
(Cost $681) ($ Thousands)				681
Total Investments in Securities — 99.8%
(Cost $246,713) ($ Thousands)			$	234,817

	Percentages are based on Net Assets of $235,367 ($ Thousands).
**	The rate reported is the 7-day effective yield as of May 31, 2025.
^†	Investment in Affiliated Security.
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.
(C)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On May 31, 2025, the value of these securities amounted to $1,656 ($ Thousands), representing 0.7% of the Net Assets of the Fund.
(D)	Security is escrowed to maturity.

The following is a summary of the transactions with affiliates for the period ended May 31, 2025 ($ Thousands):


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 98.6%
Guam — 0.7%
Guam, Waterworks Authority, Water Revenue, Ser A, RB
5.000%, 07/01/2036	$	400	$	412


Massachusetts — 97.9%
Boston, Ser A, GO
4.000%, 11/01/2031		1,500		1,578
Hingham, GO
4.000%, 02/15/2030		340		350
4.000%, 02/15/2031		320		329
Massachusetts Bay, Transportation Authority, Ser A, RB
5.250%, 07/01/2030		500		555
5.250%, 07/01/2031		750		846
5.000%, 07/01/2027		400		418
5.000%, 07/01/2036		1,500		1,709
Massachusetts Bay, Transportation Authority, Sub-Ser A-1, RB
5.000%, 07/01/2031		1,000		1,114
Massachusetts State, Clean Water Trust, RB
5.000%, 08/01/2030		1,315		1,449
5.000%, 02/01/2032		1,000		1,121
5.000%, 02/01/2033		1,000		1,130
Massachusetts State, Clean Water Trust, Ser 23B, RB
5.000%, 02/01/2029		800		862
Massachusetts State, Department of Transportation, Metropolitan Highway System, Ser A, RB
5.000%, 01/01/2029		1,000		1,074
Massachusetts State, Development Finance Agency, Amherst College, RB
5.000%, 11/01/2055 (A)		1,000		1,126
Massachusetts State, Development Finance Agency, Babson College, RB
5.000%, 10/01/2033		1,115		1,231
Massachusetts State, Development Finance Agency, Bentley University, Ser A, RB
5.000%, 07/01/2031		1,000		1,100
Massachusetts State, Development Finance Agency, Beth Israel Lahey Health, RB
5.000%, 07/01/2028		585		615
Massachusetts State, Development Finance Agency, Boston College, Ser W, RB
5.000%, 07/01/2031		500		555
Massachusetts State, Development Finance Agency, Boston Medical Center, Ser E, RB
5.000%, 07/01/2026		200		204
Massachusetts State, Development Finance Agency, Brandeis University, Ser S, RB
5.000%, 10/01/2029		1,000		1,067


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Massachusetts State, Development Finance Agency, CareGroup, Ser I, RB
5.000%, 07/01/2026	$	500	$	509
Massachusetts State, Development Finance Agency, Children's Hospital, Ser T, RB
5.000%, 03/01/2034		3,000		3,342
Massachusetts State, Development Finance Agency, Dana-Farber Cancer Institute, Ser O, RB
5.000%, 12/01/2026		1,000		1,027
Massachusetts State, Development Finance Agency, Emerson College, RB
5.250%, 01/01/2038		610		653
5.000%, 01/01/2037		600		634
Massachusetts State, Development Finance Agency, Harvard University, Ser B, RB
4.000%, 02/15/2036		1,250		1,260
Massachusetts State, Development Finance Agency, Lasell Village, RB
5.000%, 07/01/2029		1,000		1,049
Massachusetts State, Development Finance Agency, Mass General Brigham, Ser A, RB
5.000%, 07/01/2050 (A)		1,000		1,072
Massachusetts State, Development Finance Agency, Mass General Brigham, Ser D, RB
5.000%, 07/01/2030		400		438
Massachusetts State, Development Finance Agency, Milton Academy, Ser A, RB
5.000%, 03/01/2028		300		316
Massachusetts State, Development Finance Agency, Northeastern University, RB
5.000%, 10/01/2036		350		386
Massachusetts State, Development Finance Agency, Olin College, Ser F, RB
5.000%, 11/01/2035		650		707
Massachusetts State, Development Finance Agency, Partners Healthcare System, RB
5.000%, 07/01/2030		1,500		1,556
Massachusetts State, Development Finance Agency, South Shore Hospital, Ser I, RB
5.000%, 07/01/2025		500		501
Massachusetts State, Development Finance Agency, Trustees of Deerfield Academy, RB
5.000%, 10/01/2032		1,000		1,133
Massachusetts State, Development Finance Agency, UMass Memorial Health Care, RB
5.000%, 07/01/2031		1,000		1,025
5.000%, 07/01/2035		1,000		1,084


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Massachusetts State, Development Finance Agency, Worcester Polytechnic Institute, RB
5.000%, 09/01/2030	$	210	$	224
Massachusetts State, Educational Financing Authority, AMT, RB
5.000%, 07/01/2028		850		880
Massachusetts State, Educational Financing Authority, Ser A, AMT, RB
5.000%, 01/01/2026		400		400
Massachusetts State, Educational Financing Authority, Ser B, AMT, RB
5.000%, 07/01/2030		375		395
5.000%, 07/01/2033		1,000		1,049
Massachusetts State, Municipal Wholesale Electric, Cotton Solar Project, RB
5.000%, 07/01/2033		380		423
5.000%, 07/01/2034		200		223
5.000%, 07/01/2035		250		275
5.000%, 07/01/2036		275		301
Massachusetts State, Municipal Wholesale Electric, Ser A, RB
5.000%, 07/01/2031		410		450
5.000%, 07/01/2032		440		484
Massachusetts State, Port Authority, BosFuel Project, Ser A, AMT, RB
5.000%, 07/01/2027		1,000		1,031
5.000%, 07/01/2029		840		885
Massachusetts State, Port Authority, Ser A, AMT, RB
5.000%, 07/01/2027		1,000		1,034
5.000%, 07/01/2028		1,250		1,304
5.000%, 07/01/2029		500		529
Massachusetts State, Port Authority, Ser C, AMT, RB
5.000%, 07/01/2028		1,000		1,047
Massachusetts State, RB, NATL
5.500%, 01/01/2034		350		391
Massachusetts State, Ser A, GO
5.000%, 01/01/2035		310		326
5.000%, 03/01/2035		565		636
Massachusetts State, Ser B, GO
5.000%, 01/01/2028		1,500		1,583
5.000%, 11/01/2036		750		835
Massachusetts State, Ser C, GO
5.000%, 10/01/2033		2,500		2,791
5.000%, 10/01/2034		210		232
Massachusetts State, Ser E, GO
5.000%, 11/01/2030		1,000		1,104
5.000%, 11/01/2031		345		377
Massachusetts State, Transportation Fund Revenue, Ser A, RB
5.000%, 06/01/2037		1,000		1,103


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Massachusetts State, Water Resources Authority, Ser C, RB
5.000%, 08/01/2037	$	510	$	565
Tri-County, Regional Vocational Technical School District, GO
5.000%, 06/01/2038		775		845
University of Massachusetts, Building Authority, Ser 2019-1, RB
5.000%, 05/01/2032		600		639
Woods Hole, Marthas Vineyard & Nantucket, Steamship Authority, Ser A, RB
5.000%, 03/01/2029		1,150		1,244
Worcester, GO
4.000%, 02/15/2030		285		292

				59,022


Total Municipal Bonds
(Cost $61,865) ($ Thousands)				59,434


	Shares
CASH EQUIVALENT — 0.2%
SEI Daily Income Trust, Government Fund, Institutional Class
4.230%**^†		118,501		119
Total Cash Equivalent
(Cost $119) ($ Thousands)				119
Total Investments in Securities — 98.8%
(Cost $61,984) ($ Thousands)			$	59,553

	Percentages are based on Net Assets of $60,283 ($ Thousands).
**	The rate reported is the 7-day effective yield as of May 31, 2025.
^†	Investment in Affiliated Security.
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 97.4%
Delaware — 3.1%
Delaware State, River & Bay Authority, RB
5.000%, 01/01/2029	$	1,000	$	1,071
5.000%, 01/01/2030		180		196
5.000%, 01/01/2031		115		127
5.000%, 01/01/2032		225		250
5.000%, 01/01/2033		225		248
Delaware State, River & Bay Authority, Ser B, RB
5.000%, 01/01/2035		450		501
5.000%, 01/01/2036		340		376

				2,769

Guam — 0.7%
Guam, Waterworks Authority, Ser A, RB
5.000%, 07/01/2034		625		654


New Jersey — 84.5%
Bergen County, GO
3.000%, 07/15/2029		1,000		993
Casino Reinvestment Development Authority, Ser A, RB, AGC
5.000%, 11/01/2035		1,600		1,754
Casino Reinvestment Development Authority, Ser B, RB, AGC
5.000%, 11/01/2035		500		548
Edison, GO
3.000%, 03/15/2033		1,635		1,533
Gloucester County, Improvement Authority, RB, BAM
5.000%, 07/01/2036		700		751
Gloucester County, Improvement Authority, Rowan University Fossil Park, RB, BAM
5.000%, 07/01/2031		375		407
Gloucester County, Improvement Authority, Rowan University Project, Ser B, RB
5.000%, 07/01/2026		1,000		1,001
Jersey City, Redevelopment Agency, RB, MUN GOVT GTD
4.000%, 12/15/2031		1,000		1,039
Monmouth County, Improvement Authority, Governmental Pooled Loans, Ser A, RB
5.000%, 03/01/2031		365		405
New Jersey State, COVID-19 Emergency Bonds, GO
4.000%, 06/01/2031		2,000		2,099
New Jersey State, Economic Development Authority, New Jersey Natural Gas, AMT, RB
2.450%, 04/01/2059 (A)		2,000		1,979
New Jersey State, Economic Development Authority, Portal North Bridge Project, RB
5.000%, 11/01/2033		650		704


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Economic Development Authority, Provident Group Montclair Project, RB, AGM
5.000%, 06/01/2027	$	1,000	$	1,033
New Jersey State, Economic Development Authority, Ser A, RB, BAM
5.000%, 07/01/2027		1,140		1,174
New Jersey State, Economic Development Authority, Ser SSS, RB
5.000%, 06/15/2035		1,030		1,113
New Jersey State, Educational Facilities Authority, Higher Education Capital Improvement, RB
5.000%, 09/01/2035		1,000		1,083
New Jersey State, Educational Facilities Authority, Montclair State University, Ser B, RB
5.000%, 07/01/2028		2,260		2,300
New Jersey State, Educational Facilities Authority, Ramapo College Project, Ser A, RB, AGM
5.000%, 07/01/2033		350		385
New Jersey State, Educational Facilities Authority, Ser A, RB
5.000%, 07/01/2033		1,360		1,440
New Jersey State, Educational Facilities Authority, Ser A1, RB
5.000%, 03/01/2037		2,000		2,189
New Jersey State, Educational Facilities Authority, Stevens Institute of Technology, RB
5.000%, 07/01/2028		880		910
New Jersey State, Educational Facilities Authority, Stockton University Project, Ser A, RB
5.000%, 07/01/2026		1,000		1,018
New Jersey State, Educational Facilities Authority, William Patterson University Project, Ser C, RB
5.000%, 07/01/2027		1,905		1,907
New Jersey State, Health Care Facilities Financing Authority, AHS Hospital Project, RB
5.000%, 07/01/2026		735		751
New Jersey State, Health Care Facilities Financing Authority, AtlantiCare Health System, RB
5.000%, 07/01/2026		1,000		1,022
5.000%, 07/01/2031		725		792
New Jersey State, Health Care Facilities Financing Authority, Hackensack Meridian Health Project, RB
5.000%, 07/01/2026		1,000		1,020


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Health Care Facilities Financing Authority, Inspira Health Obligated Group, RB
5.000%, 07/01/2031	$	1,080	$	1,108
5.000%, 07/01/2037		820		833
New Jersey State, Health Care Facilities Financing Authority, Inspiria Health Obligated Group, RB
5.000%, 07/01/2033		1,000		1,106
5.000%, 07/01/2035		350		385
5.000%, 07/01/2036		525		574
New Jersey State, Health Care Facilities Financing Authority, RWJ Barnabas Health Obligated Group, RB
5.000%, 07/01/2032		1,225		1,341
5.000%, 07/01/2034		1,205		1,349
5.000%, 07/01/2036		2,000		2,201
5.000%, 07/01/2045 (A)		1,500		1,525
New Jersey State, Health Care Facilities Financing Authority, Valley Health System Obligated Group, RB
5.000%, 07/01/2030		1,250		1,335
New Jersey State, Higher Education Student Assistance Authority, Ser A, AMT, RB
5.000%, 12/01/2033		2,400		2,512
New Jersey State, Higher Education Student Assistance Authority, Ser A, RB
5.000%, 12/01/2028		675		702
New Jersey State, Higher Education Student Assistance Authority, Ser B, AMT, RB
5.000%, 12/01/2030		700		737
New Jersey State, Housing & Mortgage Finance Agency, Ser H, RB
5.000%, 04/01/2029		485		514
New Jersey State, Institute of Technology, RB
5.000%, 07/01/2028		200		211
5.000%, 07/01/2029		270		289
5.000%, 07/01/2030		260		277
5.000%, 07/01/2031		375		397
New Jersey State, Transportation Trust Fund Authority, RB
5.250%, 06/15/2032		1,375		1,530
New Jersey State, Transportation Trust Fund Authority, Ser A, RB
4.000%, 06/15/2034		1,055		1,060
4.000%, 06/15/2035		2,585		2,558
4.000%, 06/15/2036		1,515		1,478
New Jersey State, Transportation Trust Fund Authority, Ser AA, RB
5.000%, 06/15/2037		500		530


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Jersey State, Transportation Trust Fund Authority, Ser CC, RB
5.000%, 06/15/2034	$	1,500	$	1,648
New Jersey State, Transportation Trust Fund Authority, Ser S, RB
5.000%, 06/15/2032		2,500		2,708
5.000%, 06/15/2036		940		995
New Jersey State, Turnpike Authority, Ser A, RB
5.000%, 01/01/2028		1,430		1,474
New Jersey State, Turnpike Authority, Ser B, RB
5.000%, 01/01/2028		1,000		1,050
5.000%, 01/01/2034		1,500		1,558
5.000%, 01/01/2036		750		835
New Jersey State, Turnpike Authority, Ser D, RB
5.000%, 01/01/2028		800		822
New Jersey State, Turnpike Authority, Ser E, RB
5.000%, 01/01/2029		960		1,006
New Jersey State, Turnpike Authority, Ser G, RB
4.000%, 01/01/2035		1,000		1,000
Passaic County, Improvement Authority, Paterson Project, RB, ST AID WITHHLDG
5.000%, 08/01/2027		545		547
Rutgers State University, Ser N, RB
5.000%, 05/01/2028		500		530
Somerset County, Ser A&B, GO
3.000%, 08/01/2030		540		534
South Jersey, Transportation Authority, Ser A, RB, AGM
5.000%, 11/01/2032		1,250		1,322
Tobacco Settlement Financing, Ser A, RB
5.000%, 06/01/2032		500		511
5.000%, 06/01/2034		3,000		3,052
Union County, Improvement Authority, RB, CNTY-GTD
5.000%, 04/15/2036		400		450
5.000%, 04/15/2037		550		614

				76,558

New York — 7.9%
New York & New Jersey, Port Authority, AMT, RB
5.000%, 11/01/2032		2,415		2,517
New York & New Jersey, Port Authority, Ser 223, AMT, RB
5.000%, 07/15/2033		2,165		2,294
4.000%, 07/15/2036		1,325		1,317


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York & New Jersey, Port Authority, Ser 231ST, AMT, RB
5.000%, 08/01/2037	$	1,000	$	1,033

				7,161

Pennsylvania — 1.2%
Delaware River, Joint Toll Bridge Commission, Ser A, RB
5.000%, 07/01/2027		1,000		1,044



Total Municipal Bonds
(Cost $91,841) ($ Thousands)				88,186


	Shares
CASH EQUIVALENT — 0.3%
SEI Daily Income Trust, Government Fund, Institutional Class
4.230%**^†		293,070		293
Total Cash Equivalent
(Cost $293) ($ Thousands)				293
Total Investments in Securities — 97.7%
(Cost $92,134) ($ Thousands)			$	88,479

	Percentages are based on Net Assets of $90,579 ($ Thousands).
**	The rate reported is the 7-day effective yield as of May 31, 2025.
^†	Investment in Affiliated Security.
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.

The following is a summary of the transactions with affiliates for the period ended May 31, 2025 ($ Thousands):


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 99.1%
Guam — 0.7%
Guam, Waterworks Authority, Ser A, RB
5.000%, 07/01/2034	$	725	$	759


New York — 98.4%
Broome County, Local Development, United Health Services Hospitals, RB, AGM
5.000%, 04/01/2030		900		960
Build NYC Resource, Kipp Public School, Canal West Project, RB
5.000%, 07/01/2034		1,000		1,049
Build NYC Resource, Manhattan College Project, RB
5.000%, 08/01/2026		350		355
5.000%, 08/01/2027		275		279
Build NYC Resource, Success Academy Charter School Project, RB
5.000%, 09/01/2035		900		960
5.000%, 09/01/2036		1,000		1,058
5.000%, 09/01/2037		1,475		1,553
Build NYC Resource, The Chapin School Project, RB
5.000%, 11/01/2026		500		515
Genesee County, Funding, Rochester Regional Health Project, RB
5.000%, 12/01/2032		650		695
Hempstead, Local Development, Hofstra University Project, Ser A, RB
5.000%, 07/01/2026		800		814
Hudson Yards Infrastructure, RB
5.000%, 02/15/2034		1,970		2,185
Long Island, Power Authority, RB
5.000%, 09/01/2027		1,000		1,050
1.000%, 09/01/2025		1,000		992
Long Island, Power Authority, Ser A, RB
5.000%, 09/01/2027		1,000		1,050
Long Island, Power Authority, Ser B, RB
5.000%, 09/01/2030		1,500		1,531
Metropolitan New York, Transportation Authority, RB
5.000%, 11/15/2037		1,895		2,033
Metropolitan New York, Transportation Authority, Ser A, RB
5.000%, 11/15/2031		1,000		1,092
Metropolitan New York, Transportation Authority, Ser B, RB
5.000%, 11/15/2028		2,000		2,115
Metropolitan New York, Transportation Authority, Ser C-1-B, RB, BAM-TCRS
5.000%, 11/15/2031		1,750		1,833
Monroe County, Industrial Development Authority, St. John Fisher University Project, RB
5.000%, 06/01/2033		750		817


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Monroe County, Industrial Development Authority, University of Rochester Project, Ser A, RB
5.000%, 07/01/2034	$	2,000	$	2,251
Nassau County, Interim Finance Authority, Ser A, RB
4.000%, 11/15/2032		1,000		1,056
New York & New Jersey, Port Authority, AMT, RB
5.000%, 11/01/2030		4,100		4,311
New York & New Jersey, Port Authority, Ser 231ST, AMT, RB
5.000%, 08/01/2033		1,500		1,600
5.000%, 08/01/2037		1,765		1,823
New York City, Housing Development Authority, RB, FHA
0.600%, 05/01/2061 (A)		445		444
New York City, Industrial Development Agency, Queens Baseball Stadium Project, RB, AGM
5.000%, 01/01/2028		1,000		1,047
New York City, Industrial Development Agency, Yankee Stadium Project, RB, AGM
5.000%, 03/01/2029		1,750		1,862
New York City, Ser 1, GO
5.000%, 08/01/2028		1,000		1,039
New York City, Ser C, GO
5.000%, 08/01/2032		1,345		1,455
New York City, Ser F-1, GO
5.000%, 08/01/2029		1,895		2,018
New York City, Transitional Finance Authority, Building Aid Revenue, Sub-Ser S-3, RB
5.000%, 07/15/2032		2,450		2,562
New York City, Transitional Finance Authority, Sub-Ser C-S, RB
5.000%, 05/01/2038		1,500		1,629
New York City, Transitional Finance Authority, Sub-Ser D, RB
5.000%, 05/01/2032		1,500		1,667
New York City, Transitional Finance Authority, Sub-Ser, RB
5.000%, 05/01/2037		2,280		2,489
New York City, Water & Sewer System, Finance Authority, RB
5.000%, 06/15/2031		1,750		1,944
New York State, Dormitory Authority, Icahn School of Medicine at Mount Sanai Project, RB
5.000%, 07/01/2026		1,000		1,001
New York State, Dormitory Authority, Memorial Sloan-Kettering Project, RB
5.000%, 07/01/2030		1,095		1,182


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York State, Dormitory Authority, Northwell Healthcare Inc Obligated Group, RB
5.000%, 05/01/2034	$	1,000	$	1,102
4.000%, 05/01/2037		1,250		1,215
New York State, Dormitory Authority, Presbyterian Hospital Obligated Group, RB
5.000%, 08/01/2035		2,000		2,243
New York State, Dormitory Authority, RB
5.000%, 03/15/2032		1,500		1,665
New York State, Dormitory Authority, Rochester Institute of Technology, RB
5.000%, 07/01/2033		1,000		1,095
New York State, Dormitory Authority, School Districts Financing Program, RB, AGM
5.000%, 10/01/2026 (B)		5		5
New York State, Dormitory Authority, School Districts Financing Program, Ser A, RB
5.000%, 10/01/2029		2,500		2,599
New York State, Dormitory Authority, School Districts Financing Program, Ser A, RB, AGM
5.000%, 10/01/2030		1,200		1,296
5.000%, 10/01/2036		2,000		2,159
New York State, Dormitory Authority, Ser A-1, RB
5.000%, 03/15/2035		2,000		2,216
New York State, Dormitory Authority, St. Johns University Project, RB
5.000%, 07/01/2027		1,500		1,559
New York State, Dormitory Authority, St. Johns University Project, Ser A, RB
4.000%, 07/01/2030		830		860
New York State, Dormitory Authority, The New School, Ser A, RB
5.000%, 07/01/2035		1,365		1,500
New York State, Dormitory Authority, White Plains Hospital Obligated Group, RB, AGC
5.000%, 10/01/2038		1,000		1,067
New York State, Energy Research & Development Authority, Pollution Control, Ser C-REMK, RB
4.000%, 04/01/2034		1,000		1,012
New York State, Liberty Development Authority, Goldman Sachs Headquarters Project, RB
5.250%, 10/01/2035		1,500		1,673
New York State, Mortgage Agency, Ser 189, AMT, RB
3.250%, 10/01/2025		2,500		2,498


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York State, Mortgage Agency, Ser 2, AMT, RB
5.000%, 04/01/2029	$	1,700	$	1,772
New York State, Power Authority, Green Transmission Project, RB, AGM
5.000%, 11/15/2035		1,370		1,525
New York State, Ser C, GO
5.000%, 03/15/2035		1,000		1,117
New York State, Thruway Authority, Ser L, RB
5.000%, 01/01/2034		1,860		1,926
New York State, Transportation Development Corporation, JFK International Airport Terminal 4 Project, AMT, RB
5.000%, 12/01/2032		1,055		1,114
5.000%, 12/01/2033		1,560		1,638
New York State, Transportation Development Corporation, JFK International Airport Terminal 4 Project, RB
5.000%, 12/01/2025		1,000		1,007
5.000%, 12/01/2030		1,000		1,075
New York State, Transportation Development Corporation, LaGuardia Airport Terminal B Redevelopment Project, AMT, RB
5.000%, 07/01/2030		1,275		1,275
New York State, Urban Development, Ser E, RB
5.000%, 03/15/2032		615		660
Suffolk, Tobacco Asset Securitization, RB
4.000%, 06/01/2035		2,345		2,305
Triborough, Bridge & Tunnel Authority, MTA Bridges & Tunnels, RB
5.000%, 12/01/2033		1,000		1,123
5.000%, 05/15/2035		500		551
5.000%, 12/01/2037		3,000		3,298
Triborough, Bridge & Tunnel Authority, MTA Bridges & Tunnels, Ser A-1, RB
5.000%, 05/15/2036		1,300		1,454
Triborough, Bridge & Tunnel Authority, MTA Bridges & Tunnels, Sub-Ser A, RB
5.000%, 02/01/2028		4,335		4,576
TSASC, Tobacco Settlement Bonds, Ser A, RB
5.000%, 06/01/2025		750		750


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Westchester County, Local Development, Miriam Osborn Memorial Home Association Project, RB
5.000%, 07/01/2025	$	260	$	260
5.000%, 07/01/2026		300		304

				107,810


Total Municipal Bonds
(Cost $111,742) ($ Thousands)				108,569


	Shares
CASH EQUIVALENT — 0.0%
SEI Daily Income Trust, Government Fund, Institutional Class
4.230%**^†		38,211		38
Total Cash Equivalent
(Cost $38) ($ Thousands)				38
Total Investments in Securities — 99.1%
(Cost $111,780) ($ Thousands)			$	108,607

	Percentages are based on Net Assets of $109,582 ($ Thousands).
**	The rate reported is the 7-day effective yield as of May 31, 2025.
^†	Investment in Affiliated Security.
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	Security is escrowed to maturity.


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 98.3%
Guam — 0.7%
Guam, Waterworks Authority, Water Revenue, Ser A, RB
5.000%, 07/01/2036	$	900	$	928


Pennsylvania — 97.6%
Adams County, General Authority, The Brethren Home Community, RB
5.000%, 06/01/2034		2,615		2,717
Allegheny County, Airport Authority, Ser A, AMT, RB
5.000%, 01/01/2031		1,325		1,408
Allegheny County, Higher Education Building Authority, Carnegie Mellon University, RB
5.000%, 02/01/2030		500		544
Allegheny County, Hospital Development Authority, Allegheny Health Network, RB
5.000%, 04/01/2028		2,500		2,618
5.000%, 04/01/2036		1,000		1,020
Allegheny County, Hospital Development Authority, UPMC, RB
5.000%, 07/15/2030		305		322
Allegheny County, Port Authority, RB
5.000%, 03/01/2029		1,000		1,071
Allentown, City School District, Ser B, GO, BAM
5.000%, 02/01/2029		1,750		1,831
Chester County, GO
4.000%, 07/15/2029		300		310
4.000%, 07/15/2030		250		257
Chester County, Health & Education Facilities Authority, Main Line Health Systems, Ser A, RB
5.000%, 09/01/2029		375		402
Commonwealth Financing Authority, Tobacco Master Settlement, RB
5.000%, 06/01/2028		2,500		2,610
5.000%, 06/01/2029		500		521
Cumberland County, Municipal Authority, Penn State Health, RB
5.000%, 11/01/2029		780		831
Delaware County, AD Valorem Property Tax, GO
5.000%, 08/01/2034		230		254
5.000%, 08/01/2036		255		278
5.000%, 08/01/2037		345		374
Delaware County, Cabrini University Project, RB
5.000%, 07/01/2027 (A)		500		518
Delaware County, Cabrini University Project, RB
Pre-Refunded @ 100
5.000%, 07/01/2027 (B)		500		518


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Delaware River, Joint Toll Bridge Commission, RB
5.000%, 07/01/2029	$	1,015	$	1,055
Delaware River, Joint Toll Bridge Commission, Ser B, RB
5.000%, 07/01/2027		1,300		1,357
Delaware River, Port Authority, Ser A, RB
5.000%, 01/01/2028		1,000		1,052
Delaware Valley Regional Finance Authority, Ser A, RB
4.000%, 09/01/2035		1,345		1,368
East Hempfield, Industrial Development Authority, Willow Valley Communities Project, RB
5.000%, 12/01/2025		645		646
Geisinger, Health System Authority, RB
5.000%, 04/01/2043 (C)		1,000		1,019
Lancaster County, Hospital Authority, Masonic Villages of Grand Lodge Project, RB
5.000%, 11/01/2028		1,360		1,408
Lancaster, Higher Education Authority, Harrisburg Area Community College Project, RB, BAM
4.000%, 10/01/2030		400		406
Lehigh County, General Purpose Authority, RB
4.000%, 06/01/2031		1,225		1,210
Luzerne County, Industrial Development Authority, America Water Project, AMT, RB
2.450%, 12/01/2039 (C)		1,700		1,503
Lycoming County, College Revenue Authority, Pennsylvania College of Technology Project, RB, BAM
5.000%, 07/01/2030		900		957
Montgomery County, Higher Education & Health Authority, Thomas Jefferson University Project, RB
5.000%, 09/01/2025		500		502
5.000%, 09/01/2028		1,500		1,585
Montgomery County, Industrial Development Authority, Retirement Communities Revenue, RB
5.000%, 11/15/2036		750		755
Mount Lebanon, Hospital Authority, St. Clair Memorial Hospital Project, RB
5.000%, 07/01/2027		400		415
5.000%, 07/01/2029		350		369
Northampton County, General Purpose Authority, RB, AGM
5.000%, 08/15/2037		1,000		1,065


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Northampton County, General Purpose Authority, Ser A, RB
5.000%, 11/15/2034	$	1,000	$	1,132
Octorara Area, School District, GO, AGM
4.000%, 04/01/2029		900		927
Pennsylvania State University, RB
5.000%, 09/01/2035		850		939
Pennsylvania State, Economic Development Financing Authority, Junior Insured, RB, AGM
5.000%, 01/01/2027		1,100		1,130
Pennsylvania State, Economic Development Financing Authority, PENNDOT Major Bridges Project, AMT, RB
5.000%, 06/30/2034		1,500		1,579
Pennsylvania State, Economic Development Financing Authority, Presbyterian Senior Living, RB
4.000%, 07/01/2033		1,250		1,231
Pennsylvania State, Economic Development Financing Authority, UPMC, RB
5.000%, 03/15/2026		1,000		1,013
5.000%, 05/15/2031		1,000		1,072
Pennsylvania State, Economic Development Financing Authority, UPMC, Ser A, RB
5.000%, 10/15/2029		750		798
5.000%, 10/15/2030		925		991
Pennsylvania State, Economic Development Financing Authority, UPMC, Ser B, RB
5.000%, 03/15/2038		2,000		2,096
Pennsylvania State, Economic Development Financing Authority, Villanova University Project, RB
5.000%, 08/01/2035		750		834
5.000%, 08/01/2036		725		800
Pennsylvania State, GO
5.000%, 05/01/2030		1,000		1,092
5.000%, 09/01/2032		2,590		2,900
5.000%, 08/15/2033		2,310		2,599
Pennsylvania State, GO, BAM
4.000%, 03/01/2035		3,500		3,506
Pennsylvania State, Higher Education Assistance Agency, AMT, RB
5.000%, 06/01/2033		1,875		1,968
Pennsylvania State, Higher Education Assistance Agency, Ser A, AMT, RB
5.000%, 06/01/2032		3,000		3,164
Pennsylvania State, Higher Educational Facilities Authority, Drexel University, RB
5.000%, 05/01/2027		1,150		1,177
Pennsylvania State, Higher Educational Facilities Authority, RB
Pre-Refunded @ 100
5.000%, 06/15/2027 (B)		265		274


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Pennsylvania State, Higher Educational Facilities Authority, RB
5.000%, 06/15/2028 (A)	$	70	$	74
5.000%, 02/15/2035		2,000		2,268
Pennsylvania State, Higher Educational Facilities Authority, Ser AT-1, RB
5.000%, 06/15/2026 (A)		15		15
Pennsylvania State, Higher Educational Facilities Authority, Ser AX, RB, AGM
5.000%, 06/15/2027 (A)		75		77
Pennsylvania State, Higher Educational Facilities Authority, Thomas Jefferson University, RB
5.250%, 11/01/2037		1,500		1,621
Pennsylvania State, Higher Educational Facilities Authority, University of Pennsylvania Health System, RB
5.000%, 08/15/2027		1,000		1,043
Pennsylvania State, Housing Finance Agency, Ser 133, RB
5.000%, 10/01/2029		500		533
Pennsylvania State, Housing Finance Agency, Ser 2022, RB
4.250%, 10/01/2052		1,745		1,753
Pennsylvania State, Public School Building Authority, Lehigh Career & Technical Institute Project, RB, BAM
5.000%, 10/01/2027		1,135		1,142
Pennsylvania State, Ser A, COP
5.000%, 07/01/2027		500		521
5.000%, 07/01/2028		400		418
Pennsylvania State, Turnpike Commission, Ser A, RB
5.000%, 12/01/2030		1,875		2,053
5.000%, 12/01/2031		1,000		1,103
5.000%, 12/01/2032		2,000		2,211
Pennsylvania State, Turnpike Commission, Ser B, RB
5.000%, 12/01/2032		1,550		1,707
5.000%, 12/01/2033		375		418
Pennsylvania State, Turnpike Commission, Ser C, RB
5.000%, 12/01/2032		500		553
Pennsylvania State, Turnpike Commission, Sub-Ser, RB
5.000%, 12/01/2028		500		522
5.000%, 06/01/2031		1,165		1,282
5.000%, 06/01/2033		895		999
5.000%, 12/01/2034		1,000		1,109
Philadelphia, Airport Revenue Authority, AMT, RB
5.000%, 07/01/2029		1,590		1,676
5.000%, 07/01/2031		1,100		1,176


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Philadelphia, Airport Revenue Authority, Ser A, AMT, RB
5.000%, 06/15/2026	$	1,000	$	1,001
Philadelphia, Gas Works Revenue Authority, RB
5.000%, 08/01/2027		1,705		1,775
5.000%, 10/01/2029		2,000		2,040
Philadelphia, Gas Works Revenue Authority, Ser A, RB, AGM
5.000%, 08/01/2031		1,000		1,088
Philadelphia, GO, AGM
5.000%, 08/01/2027		750		779
Philadelphia, Industrial Development Authority, National Board of Medical Examiners Project, RB
5.000%, 05/01/2028		1,005		1,023
Philadelphia, Industrial Development Authority, RB
5.000%, 10/01/2029		1,000		1,073
Philadelphia, Industrial Development Authority, The Children's Hospital of Philadelphia Project, RB
5.000%, 07/01/2027		400		417
4.000%, 07/01/2035		5,325		5,269
Philadelphia, School District, Ser A, GO, ST AID WITHHLDG
5.000%, 09/01/2027		2,850		2,962
Philadelphia, Ser A, GO
5.000%, 08/01/2026		1,000		1,024
5.000%, 08/01/2027		1,000		1,039
5.000%, 05/01/2028		1,000		1,051
5.000%, 05/01/2031		1,000		1,091
Philadelphia, Water & Wastewater Revenue Authority, RB
5.000%, 10/01/2032		1,250		1,354
Philadelphia, Water & Wastewater Revenue Authority, Ser A, RB
5.000%, 11/01/2027		725		759
Philadelphia, Water & Wastewater Revenue Authority, Ser B, RB
5.000%, 11/01/2026		475		488
5.000%, 11/01/2027		1,800		1,884
Philadelphia, Water & Wastewater Revenue Authority, Ser C, RB
5.000%, 10/01/2031		2,250		2,481
5.000%, 06/01/2034		800		878
Philadelphia, Water & Wastewater Revenue Authority, Ser C, RB, AGC
5.000%, 09/01/2035		2,500		2,817
Pittsburgh & Allegheny County, Sports & Exhibition Parking Authority, RB, BAM
5.000%, 12/15/2027		1,000		1,047


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Pittsburgh & Allegheny County, Sports & Exhibition Parking Authority, Ser A, RB, AGM
5.000%, 02/01/2033	$	1,000	$	1,088
Pittsburgh, Water & Sewer Authority, Ser A, RB, AGC
5.000%, 09/01/2036		200		221
5.000%, 09/01/2037		300		328
5.000%, 09/01/2038		400		432
Pittsburgh, Water & Sewer Authority, Ser A, RB, AGM
5.000%, 09/01/2026		1,500		1,537
5.000%, 09/01/2029		750		811
Pittsburgh, Water & Sewer Authority, Ser B, RB, AGM
5.000%, 09/01/2029		450		487
Quaker Valley, School District, GO, ST AID WITHHLDG
5.000%, 10/01/2030		250		273
5.000%, 10/01/2031		325		354
Southeastern Pennsylvania, Transportation Authority, Asset Improvement Program, RB
5.000%, 06/01/2032		1,000		1,119
5.000%, 06/01/2033		1,000		1,111
Southeastern Pennsylvania, Transportation Authority, RB
5.000%, 03/01/2028		725		759
University of Pittsburgh, Commonwealth System of Higher Education, RB
5.000%, 02/15/2034		2,000		2,244

				134,676


Total Municipal Bonds
(Cost $140,162) ($ Thousands)				135,604


	Shares
CASH EQUIVALENT — 0.5%
SEI Daily Income Trust, Government Fund, Institutional Class
4.230%**^†		721,821		722
Total Cash Equivalent
(Cost $722) ($ Thousands)				722
Total Investments in Securities — 98.8%
(Cost $140,884) ($ Thousands)			$	136,326

The following is a summary of the transactions with affiliates for the period ended May 31, 2025 ($ Thousands):


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS — 73.0%
Alabama — 1.6%
Alabama State, Special Care Facilities Financing Authority, Methodist Home for the Aging Project, Ser S, RB
5.750%, 06/01/2045	$	800	$	702
Black Belt, Energy Gas District, Ser C, RB
5.500%, 10/01/2054 (A)		3,100		3,294
Black Belt, Energy Gas District, Ser C-1, RB
5.250%, 02/01/2053 (A)		3,000		3,122
Black Belt, Energy Gas District, Ser D-1, RB
5.500%, 06/01/2049 (A)		2,100		2,198
Black Belt, Energy Gas District, Sub-Ser, RB
4.315%, 07/01/2052 (A)		1,000		1,009
Central Etowah County, Solid Waste Disposal Authority, AMT, RB
Pre-Refunded @ 103
6.000%, 07/01/2025 (B)(C)		795		821
Lower Alabama, Gas District, Ser A, RB
5.000%, 09/01/2046		1,500		1,527
Southeast Alabama, Energy Authority, Cooperative District, Ser B-1, RB
5.750%, 04/01/2054 (A)		1,000		1,083

				13,756

Alaska — 0.4%
Alaska State, Industrial Development & Export Authority, Boys & Girls Home Project, RB
6.000%, 12/01/2036 (D)		200		6
Anchorage, Solid Waste Services Revenue, Ser A, RB
5.250%, 11/01/2062		3,480		3,560

				3,566

Arizona — 1.0%
Arizona State, Industrial Development Authority, Basis Schools Projects, Ser A, RB
5.375%, 07/01/2050 (C)		1,090		1,062
Arizona State, Industrial Development Authority, Great Lakes Senior Living Community, RB
5.125%, 01/01/2059		5,428		4,830
Arizona State, Industrial Development Authority, Legacy Cares Project, RB
7.750%, 07/01/2050 (C)(D)		3,000		90
Arizona State, Industrial Development Authority, Master Academy Mountain Vista Campus Project, RB
5.250%, 12/15/2038 (C)		1,510		1,516
La Paz County, Industrial Development Authority, Charter School Solutions-Harmony Project, RB
5.000%, 02/15/2028		245		248


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Pima County, Industrial Development Authority, Paideia Academics Project, RB
5.250%, 07/01/2049	$	1,050	$	930
Pima County, Industrial Development Authority, Tucson Country Day School Project, RB
5.000%, 06/01/2037		235		206

				8,882

Arkansas — 0.1%
Arkansas State, Development Finance Authority, United States Steel Project, AMT, RB
5.450%, 09/01/2052		785		780


California — 8.6%
Alameda Corridor, Transportation Authority, Ser A-CONV, RB
0.000%, 10/01/2037 (E)(F)		2,000		1,123
California State, Community Choice Financing Authority, Clean Energy Project, RB
5.500%, 10/01/2054 (A)		995		1,058
California State, Community Choice Financing Authority, Clean Energy Project, Ser B-1, RB
4.000%, 02/01/2052 (A)		5,000		4,941
California State, Community Choice Financing Authority, Clean Energy Project, Ser F, RB
5.000%, 02/01/2055 (A)		3,100		3,280
California State, Housing Finance Agency, Limited Obligation Multifamily Housing, Battery Point Apartments, Ser S, RB, FHA
5.970%, 11/01/2053 (A)(C)		2,600		2,614
California State, Housing Finance Agency, Limited Obligation Multifamily Housing, Valley Pride Village Apartments, RB
5.700%, 06/01/2054 (A)(C)		4,700		4,665
California State, Housing Finance Agency, Vose Apartments, Ser K, RB
7.000%, 03/01/2053 (A)(C)		1,600		1,517
6.000%, 03/01/2053 (A)(C)		6,200		6,223
California State, Infrastructure & Economic Development Bank, Brightline West Passenger Rail Project, Sub-Ser B, AMT, RB
9.500%, 01/01/2065 (A)(C)		3,500		3,390
California State, Infrastructure & Economic Development Bank, Wonderful Foundations, RB
0.000%, 01/01/2035 (G)		930		523


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
California State, Municipal Finance Authority, Ascent 613 Project, Ser A, RB
5.000%, 01/01/2040 (C)	$	1,305	$	1,252
California State, Municipal Finance Authority, California Baptist University Project, Ser A, RB
5.000%, 11/01/2046 (C)		1,000		927
California State, Pollution Control Financing Authority, Calplant I Project, Sub-Ser, AMT, RB
7.500%, 12/01/2039 (C)(D)		3,432		–
California State, Pollution Control Financing Authority, Rialto Bioenergy Facility Project, AMT, RB
7.500%, 12/01/2040 (C)(D)		666		2
6.750%, 12/01/2028 (C)(D)		1,932		5
California State, Pollution Control Financing Authority, San Jose Water Project, AMT, RB
4.750%, 11/01/2046		1,500		1,349
California State, Public Finance Authority, Enso Village Project, RB
5.000%, 11/15/2046 (C)		500		453
California State, School Finance Authority, Downtown Prep-Obligated Group, RB
5.000%, 06/01/2046 (C)(D)		1,000		600
5.000%, 06/01/2051 (C)(D)		1,000		600
California State, Statewide Communities Development Authority, Arbor Square Apartments, RB
4.250%, 11/01/2059 (A)		1,965		1,676
California State, Statewide Communities Development Authority, Loma Linda University Medical Center Project, Ser A, RB
5.250%, 12/01/2056 (C)		2,150		2,083
California State, Statewide Communities Development Authority, Southern California Edison Company, RB
4.500%, 11/01/2033		2,200		2,235
California State, Statewide Financing Authority, Tobacco Settlement, Ser B, RB
6.000%, 05/01/2037		3,765		3,844
CMFA, Special Finance Agency, Solana at Grand, Ser A-2-JUNIOR, RB
4.000%, 08/01/2045 (C)		1,095		926
CSCDA, Community Improvement Authority, 1818 Platinum Triange-Anaheim, RB
4.000%, 04/01/2057 (C)		500		346
CSCDA, Community Improvement Authority, Dublin, RB
4.000%, 02/01/2057 (C)		1,000		722


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
CSCDA, Community Improvement Authority, Pasadena Portfolio, RB
4.000%, 12/01/2056 (C)	$	500	$	359
CSCDA, Community Improvement Authority, Towne-Glendale, RB
5.000%, 09/01/2037 (C)		2,200		2,151
0.000%, 09/01/2032 (C)(E)(F)		7,800		4,734
Golden State, Tobacco Securitization Project, Sub-Ser B-2, RB
0.000%, 06/01/2066 (G)		23,600		2,532
Golden State, Tobacco Securitization Project, Sub-Ser, RB
3.850%, 06/01/2050		1,215		1,095
Morongo, Band of Mission Indians, Ser B, RB
5.000%, 10/01/2042 (C)		1,000		996
M-S-R, Energy Authority, Ser C, RB
6.500%, 11/01/2039		5,885		6,939
Northern California, Tobacco Securitization Authority, RB
0.000%, 06/01/2060 (G)		15,040		2,306
Poway, School Facilities Improvement Authority, Unified School District Capital Appreciation Project, GO
0.000%, 08/01/2038 (G)		5,410		3,114
Southern California, Tobacco Securitization Authority, RB
0.000%, 06/01/2054 (G)		5,700		1,145
Windsor, Unified School District, Election 2008, Ser D, GO
0.000%, 08/01/2035 (G)		1,800		1,199

				72,924

Colorado — 2.0%
Aurora, Harvest Crossing Metropolitan District No. 4, Ser A, GO
7.250%, 12/01/2052		1,500		1,506
Aviation Station North, Metropolitan District No. 2, Ser A, GO
5.000%, 12/01/2039		500		486
5.000%, 12/01/2048		500		459
Broadway Station, Metropolitan District No. 3, GO
5.000%, 12/01/2049		500		370
Colorado International Center, Metropolitan District No. 7, GO
0.000%, 12/01/2027 (E)(F)		2,000		1,449
Colorado State, Educational & Cultural Facilities Authority, New Summit Charter Acadamy Project, RB
4.000%, 07/01/2061 (C)		600		407
Colorado State, Health Facilities Authority, Commonspirit Health Project, Ser A-, RB
4.000%, 08/01/2044		2,000		1,734


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Colorado State, Health Facilities Authority, Covenant Living Communities and Services, RB
5.000%, 12/01/2035	$	1,000	$	1,075
Colorado State, Housing & Finance Authority, The Irving at Mile High Vista Project, RB
6.000%, 06/01/2028 (A)(C)		2,140		2,155
Colorado State, Public Energy Authority, RB
6.250%, 11/15/2028		540		564
Denver, International Business Center Metropolitan District No. 1, Sub-Ser B, GO
6.000%, 12/01/2048		1,144		1,147
Dominion, Water & Sanitation District, RB
5.875%, 12/01/2052		4,000		4,002
Pinery, Commercial Metropolitan District No. 2, RB
5.750%, 12/01/2054		500		480
Prairie Center, Metropolitan District No. 3, Ser A, RB
5.000%, 12/15/2041 (C)		875		841
Pronghorn Valley, Metropolitan District, Ser A, GO
4.000%, 12/01/2051		250		194
Village at Dry Creek, Metropolitan District No. 2, GO
4.375%, 12/01/2044		313		285

				17,154

Connecticut — 0.2%
Connecticut State, Health & Educational Facilities Authority, Church Home of Hartford Project, RB
5.000%, 09/01/2053 (C)		1,500		1,330


Delaware — 1.4%
Affordable Housing Opportunities Trust, Northwest One, Ser AH-07-CL, RB
7.120%, 10/01/2038 (C)		1,905		1,755
3.167%, 10/01/2038 (A)(C)		10,780		8,809
Delaware State, Economic Development Authority, Acts-Retirement Life Communities, RB
5.250%, 11/15/2053		1,000		1,006

				11,570

District of Columbia — 0.4%
District of Columbia, Income Tax Revenue, Ser A, RB
5.000%, 06/01/2050		3,500		3,580


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Florida — 2.2%
Atlantic Beach, Health Care, Fleet Landing Project, Ser B, RB
5.625%, 11/15/2043	$	1,325	$	1,325
Capital Trust Agency, First Mortgage, Tapestry Walden Project, RB
6.750%, 07/01/2037 (C)(D)		1,585		21
Capital Trust Agency, H-Bay Ministries, RB
5.000%, 07/01/2053 (D)		750		13
Capital Trust Agency, Renaissance Charter School Project, RB
5.000%, 06/15/2049 (C)		1,000		876
Capital Trust Agency, Wonderful Foundations Charter, RB
5.000%, 01/01/2055 (C)		3,500		3,005
Charlotte County, Industrial Development Authority, AMT, RB
4.000%, 10/01/2051 (C)		500		391
Florida State, Development Finance, Brightline Florida Passenger Rail Project, AMT, RB, AG
5.000%, 07/01/2044		2,500		2,446
Florida State, Development Finance, Global Reach Charter Acadamy Projects, RB
4.000%, 06/30/2056 (C)		765		486
Florida State, Higher Educational Facilities Financial Authority, Jacksonville University, RB
4.500%, 06/01/2033 (C)		500		468
Florida State, Village Community Development District No. 15, SAB
5.000%, 05/01/2043 (C)		1,425		1,400
4.800%, 05/01/2055 (C)		1,000		917
Highlands County, Health Facilities Authority, Senior Living Revenue, Trousdale Foundation Properties, RB
6.000%, 04/01/2038 (D)		321		4
Miami-Dade County, Seaport Department, Ser A, AMT, RB
5.250%, 10/01/2052		1,000		992
Midtown Miami, Community Development District, Parking Garage Project, Ser A, SAB
5.000%, 05/01/2029		1,630		1,631
Polk County, Industrial Development Authority, Mineral Development Project, AMT, RB
5.875%, 01/01/2033 (C)		3,365		1,952
Sarasota County, Health Facilities Authority, Sunnyside Village Project, RB
5.000%, 05/15/2033		630		638
4.000%, 05/15/2028		750		745


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
St. Johns County, Industrial Development Authority, Vicars Landing Project, RB
4.000%, 12/15/2046	$	950	$	719
Trout Creek, Community Development District, SAB
5.000%, 05/01/2028		250		254

				18,283

Georgia — 3.2%
Atlanta, Development Authority, Gulch Enterprise Zone Project, RB
0.000%, 06/15/2028 (C)(E)(F)		2,400		2,084
Atlanta, Development Authority, Westside Gulch Area Project, Ser A, TA
5.000%, 04/01/2034 (C)		300		298
Augusta, Development Authority, Wellstar Health System Inc Project, RB
5.125%, 04/01/2053		3,500		3,503
Gainesville & Hall County, Development Authority, Riverside Military Academy Project, RB
5.125%, 03/01/2052		1,620		972
George L Smith II, Georgia World Congress Center Authority, Convention Center Hotel, RB
5.000%, 01/01/2054 (C)		1,460		1,309
Georgia State, Main Street Natural Gas, Ser A, RB
5.000%, 05/15/2049		1,000		986
5.000%, 06/01/2053 (A)		2,150		2,229
Georgia State, Main Street Natural Gas, Ser E-1, RB
5.000%, 12/01/2053 (A)		3,400		3,559
Georgia State, Municipal Electric Authority, Plant Voltage Units 3 & 4 Project, RB
5.500%, 07/01/2063		5,500		5,589
5.500%, 07/01/2064		1,000		1,017
5.000%, 01/01/2056		500		491
5.000%, 07/01/2060		5,000		4,860

				26,897

Idaho — 0.2%
Idaho State, Housing & Finance Association, Compass Charter School Project, Ser A, RB
4.625%, 07/01/2029 (C)		265		263
Spring Valley Community, Infrastructure District No. 1, SAB
3.750%, 09/01/2051 (C)		1,400		1,251

				1,514


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Illinois — 3.1%
Chicago, O'Hare International Airport, AMT, RB
5.000%, 07/01/2048	$	500	$	476
Chicago, O'Hare International Airport, Ser C, AMT, RB
5.000%, 01/01/2035		3,000		3,187
Chicago, Wastewater Transmission, Ser A, RB, AGM
5.250%, 01/01/2053		1,000		1,013
Hillside, TA
5.000%, 01/01/2030		1,160		1,164
Illinois State, Finance Authority, Acero Charter Schools, RB
4.000%, 10/01/2042 (C)		350		291
Illinois State, Finance Authority, Art in Motion Project, RB
5.000%, 07/01/2051 (C)		1,000		718
Illinois State, Finance Authority, Friendship Village of Schaumburg Project, RB
5.125%, 02/15/2045 (D)		1,561		12
5.000%, 02/15/2037 (D)		1,561		13
Illinois State, Finance Authority, Presence Health Network, Ser C, RB
5.000%, 02/15/2041		1,000		1,006
Illinois State, GO
5.000%, 02/01/2036		6,000		6,413
Illinois State, RB
5.000%, 06/15/2026		2,000		2,005
Illinois State, Ser A, GO
4.625%, 05/01/2037		2,500		2,509
Illinois State, Ser B, GO
5.250%, 05/01/2043		2,000		2,055
5.000%, 12/01/2026		2,500		2,565
Illinois State, Toll Highway Authority, Ser A, RB
5.000%, 01/01/2045		2,500		2,524

				25,951

Indiana — 1.0%
Indiana State, Finance Authority, Ohio Valley Electric Corp Project, Ser 2012C, RB
3.000%, 11/01/2030		3,900		3,763
Indiana State, Finance Authority, Polyflow Project, AMT, RB
7.000%, 03/01/2039 (C)(D)		10,200		1,571
Indianapolis, Local Public Improvement Bond Bank, Indiana Convention Center Hotel, RB
5.750%, 03/01/2043		3,050		3,164

				8,498


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Iowa — 1.1%
Iowa State, Finance Authority, Iowa Fertilizer Company Project, RB
Pre-Refunded @ 100
4.000%, 12/01/2032 (A)(B)	$	4,200	$	4,440
Iowa State, Finance Authority, Lifespace Communities Inc, RB
5.000%, 05/15/2049		1,000		932
Iowa State, Finance Authority, Northcrest Project, Ser A, RB
5.000%, 03/01/2028		615		619
Iowa State, Finance Authority, Tamid Waterloo Project, RB
8.000%, 01/01/2042 (C)		2,000		1,707
Iowa State, Tobacco Settlement Authority, Sub-Ser B-, RB
0.000%, 06/01/2065 (G)		11,130		1,637

				9,335

Kansas — 0.5%
Colby, Citizens Medical Center Project, RB
5.500%, 07/01/2026		2,000		2,003
Kansas State, Development Finance Authority, Village of Shalom Project, Ser A, RB
5.500%, 11/15/2038		1,025		800
Wichita, Presbyterian Manor Project, RB
5.000%, 05/15/2050		600		491
Wichita, Presbyterian Manor Project, Ser I, RB
5.000%, 05/15/2028		315		314
Wyandotte County, Kansas City Unified Government, RB
0.000%, 09/01/2034 (C)(G)		1,785		935

				4,543

Kentucky — 0.2%
Kentucky State, Economic Development Finance Authority, Baptist Life Community Project, Ser S, RB
6.250%, 11/15/2046		1,000		693
6.000%, 11/15/2036		1,700		1,329

				2,022

Louisiana — 0.2%
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Cameron Parish GOMESA Project, RB
5.650%, 11/01/2037 (C)		700		725


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Jefferson Parish GOMESA Project, RB
4.000%, 11/01/2044 (C)	$	400	$	343
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Terrebonne Parish GOMESA Project, RB
5.500%, 11/01/2039 (C)		630		644

				1,712

Maryland — 0.1%
Maryland State, Economic Development Corporation, Purple Line Light Rail Project, AMT, RB
5.250%, 06/30/2055		625		611


Massachusetts — 0.8%
Massachusetts State, Development Finance Agency, RB
5.250%, 07/01/2052		1,500		1,461
Massachusetts State, Ser D, GO
5.000%, 10/01/2051		5,000		5,076

				6,537

Michigan — 2.0%
Detroit, Ser A, GO
6.000%, 05/01/2039		1,000		1,106
5.250%, 05/01/2027		300		310
Detroit, Ser B-1, GO
4.000%, 04/01/2044 (A)(F)		5,767		4,433
Michigan State, Finance Authority, Public School Academy, Bradford Academy Project, RB
5.000%, 09/01/2050		310		238
4.800%, 09/01/2040		185		152
Michigan State, Finance Authority, Tobacco Settlement, RB
0.000%, 06/01/2045 (G)		5,000		1,311
Michigan State, Finance Authority, Tobacco Settlement, Ser B, RB
0.000%, 06/01/2046 (G)		28,500		3,748
Michigan State, Finance Authority, Tobacco Settlement, Ser B-2-CLASS, RB
0.000%, 06/01/2065 (G)		20,000		2,016
Michigan State, Finance Authority, Tobacco Settlement, Ser C, RB
0.000%, 06/01/2058 (G)		125,250		3,643

				16,957


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Minnesota — 0.2%
Independence, Beacon Academy Project, Ser A, RB
4.250%, 07/01/2026	$	320	$	317
Minneapolis, Charter School Lease, NorthEast College Prep Project, RB
5.000%, 07/01/2055		710		531
Minneapolis, Charter School Lease, Twin Cities International School, RB
5.000%, 12/01/2032 (C)		750		749
St. Cloud, Stride Academy Project, Ser A, RB
3.750%, 04/01/2026		100		98

				1,695

Missouri — 0.8%
Lees Summit, Industrial Development Authority, John Knox Village Project, Ser A, RB
5.000%, 08/15/2051		1,050		860
Missouri State, Development Finance Board, Saint Louis Zoo Projects, Ser 2022, RB
5.250%, 05/01/2055		4,005		4,031
St. Louis, Land Clearance for Redevelopment Authority, National Geospacial Intelligence, RB
5.125%, 06/01/2046		2,200		2,064

				6,955

Montana — 0.2%
Kalispel, Housing and Health Care Facilities, Immanuel Lutheran Project, RB
5.250%, 05/15/2052		1,500		1,297


Nevada — 0.5%
Nevada State, Department of Business & Industry, Fulcrum Sierra Biofuels Project, AMT, RB
6.950%, 02/15/2038 (C)(D)		2,703		11
5.125%, 12/15/2037 (C)		1,765		–
Reno, Sub-Ser D, RB
0.000%, 07/01/2058 (C)(G)		10,000		1,144
Reno, Sub-Ser, RB
0.000%, 07/01/2058 (C)(G)		18,500		2,726

				3,881

New Hampshire — 0.7%
New Hampshire State, National Finance Authority, Ser 1-, RB
3.787%, 09/20/2034 (C)		3,945		3,657
New Hampshire State, National Finance Authority, Ser 2023-2, RB
3.875%, 01/20/2038		1,468		1,342


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Hampshire State, National Finance Authority, University of Nevada Project, RB, BAM
4.500%, 06/01/2053	$	1,075	$	997

				5,996

New Jersey — 1.3%
New Jersey State, Economic Development Authority, Kapowski Road Landfill Project, SAB
5.750%, 04/01/2031		2,500		2,455
New Jersey State, Economic Development Authority, Portal North Bridge Project, RB
5.000%, 11/01/2052		4,000		4,022
New Jersey State, Economic Development Authority, Sub-Ser A, RB
3.125%, 07/01/2029		445		428
New Jersey State, Educational Facilities Authority, Higher Education Capital Improvement Fund, RB
4.625%, 09/01/2048		1,450		1,432
New Jersey State, Educational Facilities Authority, Stockton University, Ser A, RB
5.000%, 07/01/2041		2,000		1,954
New Jersey State, Tobacco Settlement Financing, Sub-Ser B, RB
5.000%, 06/01/2046		630		604
Passaic County, Improvement Authority, Paterson Arts & Science Charter School Project, RB
5.375%, 07/01/2053		500		501

				11,396

New York — 6.1%
Build NYC Resource, NYU Law School Project, RB
5.000%, 07/01/2041		1,500		1,396
Hempstead Town, Local Development, The Academy Charter School Project, RB
6.760%, 02/01/2048		1,000		1,003
4.600%, 02/01/2051		500		365
Monroe County, Industrial Development, Ann's Community Project, RB
5.000%, 01/01/2040		1,500		1,381
New York City, Industrial Development Agency, Yankee Stadium Project, RB, FGIC
3.191%, 03/01/2026 (A)		425		423
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser E-1, RB
3.000%, 02/01/2051		1,000		685


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser, RB
5.250%, 05/01/2048	$	2,000	$	2,073
1.350%, 08/01/2041 (A)		1,000		1,000
New York City, Water & Sewer System, Finance Authority, Sub-Ser, RB
5.250%, 06/15/2048		1,700		1,779
New York Counties, Tobacco Trust IV, Ser E, RB
0.000%, 06/01/2055 (G)		57,000		4,679
New York Counties, Tobacco Trust V, Sub-Ser, RB
0.000%, 06/01/2055 (G)		28,000		2,253
New York State, Liberty Development Authority, Goldman Sachs Headquarters Project, RB
5.500%, 10/01/2037		1,000		1,129
New York State, Liberty Development Authority, World Trade Center Project, RB
5.375%, 11/15/2040 (C)		4,000		3,997
5.000%, 11/15/2044 (C)		1,000		971
New York State, Transportation Development Corporation, American Airlines Inc, JFK International Airport Project, AMT, RB
5.250%, 08/01/2031		1,060		1,082
New York State, Transportation Development Corporation, Delta Air Lines Inc, LaGuardia Airport Terminals C&D Redevelopment Project, AMT, RB
6.000%, 04/01/2035		2,000		2,172
5.000%, 01/01/2033		4,085		4,117
4.000%, 10/01/2030		1,000		979
New York State, Transportation Development Corporation, JFK International Airport New Terminal One Project, AMT, RB, AGM
5.500%, 06/30/2044		2,000		2,070
New York State, Transportation Development Corporation, JFK International Airport Terminal 6 Redevelopment Project, AMT, RB, AGC
5.250%, 12/31/2054		5,100		5,114
New York State, Transportation Development Corporation, LaGuardia Airport Terminal B Redevelopment Project, AMT, RB
5.000%, 07/01/2046		3,985		3,873
New York State, Urban Development Corporation, Ser A, RB
5.000%, 03/15/2053		3,500		3,555


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Suffolk Regional, Off-Track Betting, RB
6.000%, 12/01/2053	$	500	$	511
Suffolk, Tobacco Asset Securitization, Sub-Ser, RB
0.000%, 06/01/2066 (G)		21,000		1,913
Ulster County, Capital Resource, Woodland Pond at New Paltz, RB
5.250%, 09/15/2047		1,000		801
5.250%, 09/15/2053		2,500		1,921

				51,242

North Carolina — 0.1%
North Carolina State, Housing Finance Agency, 1998 Trust Agreement, Ser 54-A, RB, GNMA/FNMA/FHLMC
6.250%, 01/01/2055		900		991


North Dakota — 0.0%
Grand Forks County, Solid Waste Facility, Red River Biorefinery Project, AMT, RB
7.000%, 12/15/2043 (C)(D)		1,500		–
6.625%, 12/15/2031 (C)(D)		1,000		–
				–
Ohio — 1.9%
Buckeye, Tobacco Settlement Financing Authority, Ser B, RB
5.000%, 06/01/2055		4,000		3,461
0.000%, 06/01/2057 (G)		54,300		5,212
Franklin County, Convention Facilities Authority, Greater Columbus Convention Center, RB
5.000%, 12/01/2044		4,000		3,736
Montgomery County, Trousdale Foundation Properties Project, RB
6.250%, 04/01/2049 (C)(D)		1,526		19
6.000%, 04/01/2038 (C)(D)		1,297		16
Ohio State, Air Quality Development Authority, Vanadium Project, AMT, RB
5.000%, 07/01/2049 (C)		4,250		3,720

				16,164

Oklahoma — 0.9%
Comanche County, Hospital Authority, RB
5.000%, 07/01/2025		1,500		1,500
Oklahoma State, Development Finance Authority, Oklahoma City University Project, RB
4.000%, 08/01/2035		2,790		2,622


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Payne County, Economic Development Authority, Epworth Living Retirement Community, RB
7.000%, 11/01/2051 (D)	$	2,163	$	7
6.875%, 11/01/2046 (D)		1,081		4
6.625%, 11/01/2036 (D)		522		2
Tulsa Municipal Airport Trust Trustees, American Airlines Inc Project, AMT, RB
6.250%, 12/01/2035		3,000		3,280

				7,415

Other — 3.2%
Freddie Mac, Multifamily ML Certificates, Ser ML15, RB
4.143%, 01/25/2040 (A)		4,906		4,646
Freddie Mac, Multifamily ML Certificates, Ser ML17, Cl A, RB
2.990%, 04/25/2043 (A)		1,973		1,687
Freddie Mac, Multifamily ML Certificates, Ser ML19, RB
4.552%, 08/25/2040 (A)		5,844		5,821
4.033%, 12/25/2036 (A)		5,184		5,114
Freddie Mac, Multifamily ML Certificates, Ser ML22, RB
4.684%, 10/25/2040 (A)		3,077		3,089
Freddie Mac, Multifamily ML Certificates, Ser ML-29-CL, RB
4.869%, 01/25/2043 (A)		6,300		6,300

				26,657

Pennsylvania — 3.3%
Allegheny County, Airport Authority, Ser A, AMT, RB
5.000%, 01/01/2056		1,000		966
Allentown, Neighborhood Improvement Zone Development Authority, City Center Project, Sub-Ser, RB
5.250%, 05/01/2042 (C)		2,040		2,005
Berks County, Municipal Authority, Tower Health Project, RB
8.000%, 06/30/2034		577		580
7.000%, 06/30/2039		2,878		2,488
Berks County, Municipal Authority, Tower Health Project, Ser A-2A, RB
6.000%, 06/30/2034		289		304
Blythe, Solid Waste Authority, AMT, RB
Pre-Refunded @ 100
7.750%, 12/01/2027 (B)		3,450		3,751
Chester County, Industrial Development Authority, Woodlands at Graystone Project, SAB
4.375%, 03/01/2028 (C)		100		99


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Franklin County, Industrial Development Authority, Menno-Haven Project, RB
5.000%, 12/01/2025	$	495	$	495
Lancaster County, Hospital Authority, Penn State Health, RB
5.000%, 11/01/2046		2,500		2,489
5.000%, 11/01/2051		3,000		2,913
Pennsylvania State, Economic Development Financing Authority, PENNDOT Major Bridges Project, AMT, RB
5.250%, 06/30/2053		5,000		4,878
Pennsylvania State, Economic Development Financing Authority, PPL Energy Supply Project, RB
5.250%, 12/01/2037 (A)		1,000		1,001
Pennsylvania State, Economic Development Financing Authority, Presbyterian Senior Living Project, RB
5.250%, 07/01/2049		1,250		1,242
Philadelphia, Industrial Development Authority, University Square Apartments Project, RB
Pre-Refunded @ 100
5.500%, 12/01/2026 (B)(C)		2,000		2,070
Southcentral Pennsylvania, General Authority, York Academy Regional Christian School Program, RB
6.500%, 07/15/2048 (C)		2,800		2,836

				28,117

Puerto Rico — 7.1%
Puerto Rico, Electric Power Authority, Ser AAA-PSA, RB
5.250%, 07/01/2030 (D)		200		97
5.250%, 07/01/2031 (D)		5,895		2,859
Puerto Rico, Electric Power Authority, Ser A-PSA, RB
6.750%, 07/01/2036 (D)		2,605		1,263
Puerto Rico, Electric Power Authority, Ser UU, RB, AGM
3.568%, 07/01/2029 (A)(D)		9,040		8,799
Puerto Rico, Electric Power Authority, Ser VV-PSA, RB
5.500%, 07/01/2020		1,380		669
Puerto Rico, Electric Power Authority, Ser XX-PSA, RB
5.250%, 07/01/2040 (D)		1,070		519
Puerto Rico, Electric Power Authority, Ser ZZ-PSA, RB
5.250%, 07/01/2019 (D)		1,265		614
Puerto Rico, GDB Debt Recovery Authority, RB
7.500%, 08/20/2040		9,673		9,287


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A1, RB
5.000%, 07/01/2058	$	4,503	$	4,224
0.000%, 07/01/2046 (G)		12,100		3,861
0.000%, 07/01/2051 (G)		41,435		9,721
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-2, RB
4.329%, 07/01/2040		2,000		1,863
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-2A, RB
4.550%, 07/01/2040		2,000		1,906
Puerto Rico, Sub-Ser CW, Notes
0.000%, 11/01/2043 (A)(E)		3,813		2,288
Puerto Rico, Sub-Ser Senior, Notes
0.000%, 11/01/2051 (A)(E)		18,924		11,591

				59,561

Rhode Island — 1.0%
Rhode Island State, Tobacco Settlement Financing Authority, Ser A, RB
0.000%, 06/01/2052 (G)		6,890		1,212
Rhode Island State, Tobacco Settlement Financing Authority, Ser B, RB
5.000%, 06/01/2050		7,000		6,940

				8,152

South Carolina — 0.5%
Patriots Energy Group, Financing Agency, RB
5.250%, 02/01/2054 (A)		1,800		1,906
South Carolina State, Jobs-Economic Development Authority, Repower S. Berkeley Project, AMT, RB
6.250%, 02/01/2045 (C)(D)		1,000		90
5.250%, 02/01/2027 (C)(D)		1,000		90
South Carolina State, Jobs-Economic Development Authority, Repower S. Berkeley Project, RB
8.000%, 12/06/2029 (D)		155		124
South Carolina State, Public Service Authority, Santee Cooper, Ser A, RB
5.000%, 12/01/2044		2,000		2,024

				4,234

Tennessee — 1.0%
Bristol, Industrial Development Board, Pinnacle Project, TA
5.625%, 06/01/2035		2,000		1,783
Chattanooga, Health Educational & Housing Facility Board, Erlanger Health, RB
5.250%, 12/01/2049		1,000		1,006


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Cleveland, Health & Educational Facilities Board, Multifamily Housing, Horizon Square Apartments Project, RB, FNMA/FHA
4.200%, 05/01/2040	$	995	$	939
Memphis-Shelby County, Industrial Development Board, Graceland Project, TA
5.500%, 07/01/2037 (D)		700		511
Nashville, Metropolitan Development & Housing Agency, TA
4.500%, 06/01/2028 (C)		445		447
Tennessee State, Energy Acquisition, Ser C, RB
5.000%, 02/01/2027		4,000		4,054

				8,740

Texas — 6.0%
Angelina & Neches, River Authority, Jefferson Enterprise Energy, AMT, RB
12.000%, 12/01/2045 (C)		3,000		1,402
7.500%, 12/01/2045 (C)		1,750		580
Austin Affordable PFC, Multifamily Housing, Heritage Pointe Seniors Apartments, RB, FNMA
4.350%, 05/01/2043		2,750		2,583
Baytown, Municipal Development District, Baytown Convention Center Hotel, RB
5.000%, 10/01/2050 (C)		500		369
Brazoria County, Industrial Development, Aleon Renewable Metals Project, AMT, RB
12.000%, 06/01/2043 (C)		3,500		2,975
10.000%, 06/01/2042 (A)(C)		1,400		1,190
Brazoria County, Industrial Development, Gladieux Metals Recycling Project, AMT, RB
9.000%, 03/01/2039 (C)(D)		8,910		7,128
7.000%, 03/01/2039 (D)		480		384
Calhoun County, Navigation Industrial Development Authority, AMT, RB
3.625%, 07/01/2026 (C)		2,000		1,913
Clifton, Higher Education Finance, International Leadership Project, Ser D, RB
6.125%, 08/15/2048		1,250		1,251
6.000%, 08/15/2038		1,500		1,504
Dallas City, Housing Finance, West Virginia Apartments, RB, FNMA
4.350%, 10/01/2041		1,000		971
Houston, Airport System Revenue, United Airlines Inc Terminal Improvement Projects, Ser B-UNITED, AMT, RB
5.500%, 07/15/2035		4,000		4,153


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New Hope, Cultural Education Facilities, Cardinal Bay Village Project, RB
5.500%, 07/01/2046 (D)	$	1,500	$	750
5.000%, 07/01/2031 (D)		250		125
5.000%, 07/01/2046 (D)		2,000		1,700
New Hope, Cultural Education Facilities, Edgemere Project, RB
5.000%, 01/01/2047		1,500		1,370
New Hope, Cultural Education Facilities, Longhorn Village Project, RB
5.000%, 01/01/2042		500		475
New Hope, Cultural Education Facilities, Quality Senior Housing Foundation, Ser A1, RB
5.000%, 12/01/2054		500		427
Port Isabel, GO
5.100%, 02/15/2049 (C)		1,000		926
Port of Beaumont, Navigation District, Jefferson Gulf Coast Energy Project, AMT, RB
4.000%, 01/01/2050 (C)		1,500		1,163
Texas State, Municipal Gas Acquisition & Supply I, Sub-Ser C, RB
4.506%, 12/15/2026 (A)		3,000		3,001
Texas State, Water Development Board, Ser A, RB
5.000%, 10/15/2058		3,600		3,652
4.875%, 10/15/2048		10,500		10,551

				50,543

Utah — 0.9%
Mida Mountain Village, Public Infrastructure District, Mountain Village Assesment, SAB
4.000%, 08/01/2050 (C)		2,000		1,634
Mida Mountain Village, Public Infrastructure District, Sub-Ser 2, TA
6.000%, 06/15/2054 (C)		1,000		1,004
5.500%, 06/15/2039 (C)		1,790		1,780
Soleil Hills, Public Infrastructure District No. 1, Ser A, GO
5.875%, 03/01/2055 (C)		500		475
UIPA Crossroads, Public Infrastructure District, TA
4.375%, 06/01/2052 (C)		1,000		855
Utah State, Charter School Finance Authority, Early Light Academy Project, RB
4.500%, 07/15/2027 (C)		400		397


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Utah State, Charter School Finance Authority, St George Campus Project, Ser A, RB
5.000%, 06/15/2052 (C)	$	1,300	$	1,059

				7,204

Virginia — 1.7%
Farms of New Kent, Community Development Authority, Ser A, SAB
3.750%, 03/01/2036 (C)		2,700		2,516
Hanover County, Economic Development Authority, Covenant Woods Project, RB
5.000%, 07/01/2038		375		372
Henrico County, Economic Development Authority, Pinnacle Living Obligation Group, Ser A, RB
5.000%, 06/01/2044		1,000		955
Lewistown, Commerce Center, Community Development Authority, Ser B, TA
6.050%, 03/01/2044		23		19
Lewistown, Commerce Center, Community Development Authority, Ser C, TA
6.050%, 03/01/2054		118		53
Lewistown, Commerce Center, Community Development Authority, TA
6.050%, 03/01/2044 (D)		34		23
Virginia State, Small Business Financing Authority, Bon Secours Mercy Health, RB
4.000%, 12/01/2049		2,000		1,686
Virginia State, Small Business Financing Authority, Mary Washington Healthcare Obligated Group, RB
5.000%, 06/15/2041		1,000		1,027
Virginia State, Small Business Financing Authority, Rixey Student Housing Project, Ser A, RB
5.500%, 07/01/2044 (C)		6,565		5,476
Virginia State, Small Business Financing Authority, Transform 66 P3 Project, AMT, RB
5.000%, 12/31/2049		2,500		2,363

				14,490

Washington — 1.0%
Washington State, Housing Finance Commission, Emerald Heights Project, Ser A, RB
5.000%, 07/01/2048		1,050		1,030
Washington State, Housing Finance Commission, Judson Park Project, RB
5.000%, 07/01/2033 (C)		225		226
4.000%, 07/01/2028 (C)		400		393


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Washington State, Housing Finance Commission, Lansdale Pointe Apartments Project, RB, FNMA
4.400%, 03/01/2043	$	2,000	$	1,892
Washington State, Housing Finance Commission, Social Certificates, RB
3.375%, 04/20/2037		3,056		2,751
Washington State, Housing Finance Commission, Social Certificates, Ser 2, RB
4.085%, 03/20/2040 (A)		1,992		1,835

				8,127

West Virginia — 1.1%
West Virginia State, Hospital Finance Authority, Refunding & Improvement, Vandalia Health Group, Ser B, RB
6.000%, 09/01/2053		2,100		2,232
West Virginia State, Tobacco Settlement, Finance Authority, Ser B, RB
0.000%, 06/01/2047 (G)		73,250		6,741

				8,973

Wisconsin — 3.2%
Wisconsin State, Center District, Junior Dedicated Tax Revenue, Ser D, RB, AGM
0.000%, 12/15/2045 (G)		5,000		1,801
Wisconsin State, Center District, Senior Dedicated Tax Revenue, Ser C, RB, AGM
0.000%, 12/15/2045 (G)		8,110		2,863
Wisconsin State, Health & Educational Facilities Authority, Camillus Health System, RB
5.000%, 11/01/2046		1,000		884
Wisconsin State, Health & Educational Facilities Authority, Three Pillars Senior Living Communities, RB
5.750%, 08/15/2054		1,000		1,018
Wisconsin State, Health & Educational Facilities Authority, Wisconsin Illinois Senior Housing, RB
5.250%, 08/01/2048		1,500		1,196
5.000%, 08/01/2028		795		781
Wisconsin State, Public Finance Authority, Barton College Project, Ser A, RB
5.000%, 03/01/2038		2,500		2,275
5.000%, 03/01/2048		1,500		1,242
Wisconsin State, Public Finance Authority, Delray Beach Radiation Therapy Project, Ser A-DELRAY, RB
7.000%, 11/01/2046 (C)(D)		3,500		1,925
Wisconsin State, Public Finance Authority, Estancia Valley Classical, RB
4.250%, 07/01/2051 (C)		1,000		700


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Wisconsin State, Public Finance Authority, Irving Convention Center Hotel Project, RB
7.000%, 01/01/2050 (C)	$	3,250	$	3,342
Wisconsin State, Public Finance Authority, Lake Erie College, RB
5.875%, 10/01/2054 (C)		2,770		1,707
Wisconsin State, Public Finance Authority, Lariat Project, RB
0.000%, 09/01/2029 (C)(G)		721		530
Wisconsin State, Public Finance Authority, Marys Woods at Marylhurst Project, RB
5.250%, 05/15/2052 (C)		1,750		1,553
Wisconsin State, Public Finance Authority, Northwest Nazarene University Project, RB
4.250%, 10/01/2049		1,000		807
Wisconsin State, Public Finance Authority, Procure Proton Therapy Center Project, RB
6.375%, 01/01/2048 (C)		5,070		2,282
Wisconsin State, Public Finance Authority, Retirement Facilities First Mortgage, RB
5.250%, 03/01/2055 (C)		2,500		2,120

				27,026


Total Municipal Bonds
(Cost $671,256) ($ Thousands)				615,258



CORPORATE OBLIGATIONS — 20.9%
Financials — 20.8%
Allianz
3.500%, H15T5Y + 2.973%(A)(C)(H)		2,600		2,526
American Express
3.550%, H15T5Y + 2.854%(A)(H)		6,000		5,802
Australia & New Zealand Banking Group
6.750%, USISDA05 + 5.168%(A)(C)(H)		6,900		6,957
Banco Bilbao Vizcaya Argentaria
9.375%, H15T5Y + 5.099%(A)(H)		1,200		1,317
Banco Santander
9.625%, H15T5Y + 5.306%(A)(H)		3,000		3,303
Bank of America
6.625%, H15T5Y + 2.684%(A)(H)		2,200		2,235
6.125%, H15T5Y + 3.231%(A)(H)		3,300		3,323
4.375%, H15T5Y + 2.760%(A)(H)		3,000		2,905
Bank of Montreal
7.700%, H15T5Y + 3.452%, 05/26/2084 (A)		2,000		2,063
Bank of New York Mellon
3.750%, H15T5Y + 2.630%(A)(H)		4,300		4,138
3.700%, H15T5Y + 3.352%(A)(H)		3,500		3,432


Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Bank of Nova Scotia
8.625%, H15T5Y + 4.389%, 10/27/2082 (A)	$	3,200	$	3,371
Barclays PLC
9.625%, USISSO05 + 5.775%(A)(H)		1,200		1,325
4.375%, H15T5Y + 3.410%(A)(H)		3,000		2,738
Benloch Ranch, Improvement Association No. 2
10.000%, 12/01/2051 (C)(I)		6,000		4,732
BNP Paribas
9.250%, H15T5Y + 4.969%(A)(C)(H)		2,400		2,550
8.500%, H15T5Y + 4.354%(A)(C)(H)		1,400		1,483
7.750%, H15T5Y + 4.899%(A)(C)(H)		4,290		4,462
BP Capital Markets PLC
6.125%, H15T5Y + 1.924%(A)(H)		2,700		2,643
Capital One Financial
3.950%, H15T5Y + 3.157%(A)(H)		5,300		5,145
Charles Schwab
4.000%, H15T5Y + 3.168%(A)(H)		6,000		5,929
Citigroup
4.000%, H15T5Y + 3.597%(A)(H)		3,000		2,969
3.875%, H15T5Y + 3.417%(A)(H)		4,400		4,311
Citizens Financial Group
5.650%, H15T5Y + 5.313%(A)(H)		1,500		1,496
4.000%, H15T5Y + 3.215%(A)(H)		2,500		2,422
CoBank ACB
6.250%, US0003M + 4.660%(A)(H)		500		500
Corebridge Financial
6.875%, H15T5Y + 3.846%, 12/15/2052 (A)		1,500		1,523
Credit Agricole
8.125%, USSW5 + 6.185%(A)(C)(H)		2,000		2,027
Credit Agricole MTN
4.750%, H15T5Y + 3.237%(A)(C)(H)		3,000		2,755
Goldman Sachs Group
7.500%, H15T5Y + 2.809%(A)(H)		3,300		3,437
4.125%, H15T5Y + 2.949%(A)(H)		2,000		1,947
HSBC Holdings PLC
6.000%, USISDA05 + 3.746%(A)(H)		1,500		1,491
Huntington Bancshares
4.450%, H15T7Y + 4.045%(A)(H)		5,648		5,480
ING Groep
5.750%, H15T5Y + 4.342%(A)(H)		4,600		4,572
JPMorgan Chase
6.875%, H15T5Y + 2.737%(A)(H)		500		522
6.500%, H15T5Y + 2.152%(A)(H)		1,500		1,520
3.650%, H15T5Y + 2.850%(A)(H)		2,300		2,243
KeyCorp
5.000%, TSFR3M + 3.868%(A)(H)		3,000		2,943
Lloyds Banking Group PLC
8.000%, H15T5Y + 3.913%(A)(H)		4,800		5,045
M&T Bank
7.304%, H15T5Y + 3.174%(A)(H)		1,800		1,795


Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
3.500%, H15T5Y + 2.679%(A)(H)	$	2,000	$	1,874
MetLife
3.850%, H15T5Y + 3.576%(A)(H)		3,300		3,271
NatWest Group PLC
8.125%, H15T5Y + 3.752%(A)(H)		2,000		2,121
Northern Trust
4.600%, TSFR3M + 3.464%(A)(H)		500		495
PNC Financial Services Group
6.250%, H15T7Y + 2.808%(A)(H)		2,100		2,108
6.000%, H15T5Y + 3.000%(A)(H)		3,400		3,407
Prudential Financial
6.500%, H15T5Y + 2.404%, 03/15/2054 (A)		2,000		2,030
Royal Bank of Canada
6.350%, H15T5Y + 2.257%, 11/24/2084 (A)		500		470
Societe Generale
10.000%, H15T5Y + 5.448%(A)(H)		200		218
Standard Chartered PLC
7.014%, US0003M + 1.460%(A)(C)(H)		4,000		4,095
State Street
6.700%, H15T5Y + 2.628%(A)(H)		1,200		1,224
6.450%, H15T5Y + 2.135%(A)(H)		2,400		2,392
Toll Road Investors Partnership II
0.000%, 02/15/2043 (C)(G)		19,266		6,261
Toronto-Dominion Bank
8.125%, H15T5Y + 4.075%, 10/31/2082 (A)		4,000		4,189
UBS Group
9.250%, H15T5Y + 4.745%(A)(C)(H)		2,000		2,176
9.250%, H15T5Y + 4.758%(A)(C)(H)		1,000		1,142
4.375%, H15T5Y + 3.313%(A)(C)(H)		6,000		5,259
US Bancorp
5.300%, TSFR3M + 3.176%(A)(H)		1,000		991
3.700%, H15T5Y + 2.541%(A)(H)		6,200		5,909
Voya Financial
7.758%, H15T5Y + 3.358%(A)(H)		1,700		1,751
Wells Fargo
3.900%, H15T5Y + 3.453%(A)(H)		2,500		2,462

				175,222

Utilities — 0.1%
Dominion Energy
4.350%, H15T5Y + 3.195%(A)(H)		1,100		1,075



Total Corporate Obligations
(Cost $178,341) ($ Thousands)				176,297


	Shares
PREFERRED STOCK — 3.0%
Allstate, 4.750%		21,234		403
Arch Capital Group, 5.450%		10,784		220


Description	Shares		Market Value ($ Thousands)
PREFERRED STOCK (continued)
AT&T, 4.750%		121,800	$	2,308
Bank of America, 5.242% (A)		20,730		419
Capital One Financial, 5.000%		70,400		1,320
Dairy Farmers of America, 7.875%		15,000		1,432
Entergy Texas, 5.375%		39,700		896
Equitable Holdings, 5.250%		50,050		904
Fifth Third Bancorp, 8.296% (A)		49,904		1,282
Goldman Sachs Group, 5.232% (A)		4,166		88
KeyCorp, 6.125% (A)		2,822		69
M&T Bank, 5.625% (A)		12,841		319
MetLife, 4.750%		182,370		3,569
Morgan Stanley, 5.218% (A)		133,149		2,951
NSTAR Electric, 4.780%		10,708		846
Regions Financial, 4.450%		63,525		1,163
RenaissanceRe Holdings, 4.200%		37,558		585
Stifel Financial, 4.500%		41,828		691
UMB Financial, 7.750% (A)		38,600		975
US Bancorp, 5.500%		20,436		867
Voya Financial, 5.350% (A)		94,605		2,282
Webster Financial, 5.250%		76,527		1,544

Total Preferred Stock
(Cost $28,351) ($ Thousands)				25,133
	Face Amount (Thousands)
U.S. TREASURY OBLIGATIONS — 0.9%
United States Treasury Bill
4.255%, 07/10/2025 (J)	$	1,600		1,593
4.247%, 07/22/2025 (J)		4,200		4,176
4.225%, 07/31/2025 (J)		2,000		1,986

Total U.S. Treasury Obligations
(Cost $7,754) ($ Thousands)				7,755


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES — 0.9%
Real Estate — 0.9%
FHLMC
5.210%, 08/01/2040	$	3,561	$	3,752
3.850%, 07/01/2039		4,140		3,804


Total Mortgage-Backed Securities
(Cost $7,300) ($ Thousands)				7,556


	Shares
CASH EQUIVALENT — 0.2%
SEI Daily Income Trust, Government Fund, Institutional Class
4.230%**^†		1,776,871		1,777
Total Cash Equivalent
(Cost $1,777) ($ Thousands)				1,777
Total Investments in Securities — 98.9%
(Cost $894,779) ($ Thousands)			$	833,776

	Percentages are based on Net Assets of $843,128 ($ Thousands).
^†	Investment in Affiliated Security.
**	The rate reported is the 7-day effective yield as of May 31, 2025.
(A)	Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(B)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.
(C)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On May 31, 2025, the value of these securities amounted to $195,130 ($ Thousands), representing 23.1% of the Net Assets of the Fund.
(D)	Security is in default on interest payment.
(E)	No interest rate available.
(F)	Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.
(G)	Zero coupon security.
(H)	Perpetual security with no stated maturity date.
(I)	Level 3 security in accordance with fair value hierarchy.
(J)	Interest rate represents the security's effective yield at the time of purchase.

Glossary (abbreviations which may be used in the preceding Schedules of Investments):

Portfolio Abbreviations

ACB— Agricultural Credit Bank

AGC— Assured Guaranty Corporation

AGM— Assured Guaranty Municipal

AGUK — Assured Guaranty London PLC

AMBAC — American Municipal Bond Assurance Co.

AMT — Alternative Minimum Tax

BAM — Build America Mutual Assurance Corp.

BAM-TCRS — Build America Mutual Assurance Co. – Transferable Custodial Receipts

BAN — Bond Anticipation Note

Cl — Class

COP — Certificate of Participation

FHA— Federal Housing Administration

FHLMC — Federal Home Loan Mortgage Corporation

FGIC — Financial Guaranty Insurance Company

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

GO — General Obligation

H15T7Y — US Treasury Yield Curve Rate T Note Constant Maturity 7 Year

MTN — Medium Term Note

NATL — National Public Finance Guarantee Corp

PFC — Public Facility Corporation

PLC — Public Limited Company

PSF-GTD — Permanent School Board Loan Fund

Q-SBLF — Qualified State Bond Loan Fund

RB — Revenue Bond

SAB — Special Assessment Bond

Ser— Series

TA — Tax Allocation

TRAN — Tax Revenue Anticipation Note

TSFR3M – Term Secured Overnight Financing Rate 3 Month

USD – U.S. Dollar

The following is a summary of the Fund’s transactions with affiliates for the period ended May 31, 2025 ($ Thousands):

Security Description	Value 8/31/2024		Purchases at Cost		Proceeds from Sales			Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 5/31/2025		Income		Capital Gains
SEI Daily Income Trust, Government Fund, Institutional Class	$	43	$	14,426	$	(14,350	)	$	—	$	—	$	119	$	30	$	—

(A)	Security is escrowed to maturity.
(B)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.
(C)	Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.