1
Portfolio
of
Investments
April
30,
2026
Municipal
Total
Return
(Unaudited)
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LONG-TERM
INVESTMENTS
-
105.7%
1638812181
MUNICIPAL
BONDS
-
105
.7
%
1638812181
ALABAMA
-
1.2%
$
2,500,000
Alabama
Community
College
System
Board
of
Trustees,
Revenue
Bonds,
Coastal
Alabama
Community
College
Series
2025
-
BAM
Insured
5
.000
%
10/01/50
$
2,588,430
1,155,000
(a),(b)
Baldwin
County
Industrial
Development
Authority,
Alabama,
Solid
Waste
Disposal
Revenue
Bonds,
Novelis
Corporation
Project,
Series
2025A,
(AMT),
(Mandatory
Put
6/01/32)
5
.000
06/01/55
1,180,689
1,000,000
Florence
Public
Educational
Building
Authority,
Alabama,
Revenue
Bonds,
University
of
North
Alabama
Athletic
Facilities
1830
Foundation
Series
2024
5
.250
11/01/49
1,055,921
4,000,000
Homewood
Educational
Building
Authority,
Alabama,
Revenue
Bonds,
CHF-Horizons
II,
LLC
Student
Housing
and
Parking
Project
at
Samford
University
Series
2024C
5
.500
10/01/54
4,048,918
50,000
Jefferson
County,
Alabama,
Sewer
Revenue
Warrants,
Series
2024
5
.000
10/01/34
55,475
250,000
Jefferson
County,
Alabama,
Sewer
Revenue
Warrants,
Series
2024
5
.000
10/01/35
275,929
525,000
Jefferson
County,
Alabama,
Sewer
Revenue
Warrants,
Series
2024
5
.000
10/01/38
569,738
400,000
Jefferson
County,
Alabama,
Sewer
Revenue
Warrants,
Series
2024
5
.000
10/01/39
430,456
1,000,000
Jefferson
County,
Alabama,
Sewer
Revenue
Warrants,
Series
2024
5
.250
10/01/40
1,092,477
250,000
Jefferson
County,
Alabama,
Sewer
Revenue
Warrants,
Series
2024
5
.250
10/01/41
272,422
200,000
Jefferson
County,
Alabama,
Sewer
Revenue
Warrants,
Series
2024
5
.250
10/01/42
216,818
75,000
Jefferson
County,
Alabama,
Sewer
Revenue
Warrants,
Series
2024
5
.250
10/01/45
79,929
1,590,000
Jefferson
County,
Alabama,
Sewer
Revenue
Warrants,
Series
2024
5
.250
10/01/49
1,645,056
1,455,000
Jefferson
County,
Alabama,
Sewer
Revenue
Warrants,
Series
2024
5
.500
10/01/53
1,519,780
1,415,000
Madison
Water
and
Wastewater
Board,
Alabama,
Water
and
Sewer
Revenue
Bonds,
Series
2023
5
.250
12/01/48
1,497,486
1,205,000
The
Public
Educational
Building
Authority
of
Jacksonville,
Alabama,
Jacksonville
State
University
Foundation,
Higher
Educational
Facilities
Revenue
Bonds,
Jackson
State
University
Project
Series
2023A
-
AGM
Insured
5
.000
08/01/54
1,213,767
1,250,000
Walker
County
Board
of
Education,
Alabama,
Special
School
Tax
Warrants,
Series
2025
5
.000
03/01/47
1,293,912
TOTAL
ALABAMA
19,037,203
ALASKA
-
0.3%
1,030,000
Alaska
Municipal
Bond
Bank,
General
Obligation
Bonds,
Three
Series
2023,
(AMT)
5
.250
12/01/38
1,121,939
1,145,000
Alaska
Municipal
Bond
Bank,
General
Obligation
Bonds,
Three
Series
2023,
(AMT)
5
.250
12/01/40
1,237,294
2,310,000
Anchorage,
Alaska,
Solid
Waste
Services
Revenue
Bonds,
Refunding
Series
2022A
5
.500
11/01/41
2,575,504
TOTAL
ALASKA
4,934,737
ARIZONA
-
2.4%
470,000
(b)
Arizona
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Pinecrest
Academy
of
Nevada
?
Horizon,
Inspirada
and
St.
Rose
Campus
Projects,
Series
2018A
5
.000
07/15/28
470,800
1,625,000
(b)
Arizona
Industrial
Development
Authority,
Development
First
Lien
Revenue
Bonds,
Montanero
Project,
Alternative
Minimum
Tax
Series
2025,
(AMT)
6
.750
12/01/55
1,667,752
1,025,000
Maricopa
County
and
Phoenix
City
Industrial
Development
Authority,
Arizona,
Single
Family
Mortgage
Revenue
Bonds,
Series
2024C
4
.750
09/01/49
1,026,274
Portfolio
of
Investments
April
30,
2026
(continued)
Municipal
Total
Return
2
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ARIZONA
(continued)
$
1,605,000
(b)
Maricopa
County
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Sun
Valley
Academy,
Series
2024A
6
.250
%
07/01/44
$
1,660,621
2,825,000
(c)
Maricopa
County
Industrial
Development
Authority,
Arizona,
Revenue
Bonds,
Banner
Health,
Series
2026D
5
.000
01/01/38
3,170,474
3,785,000
Phoenix
Civic
Improvement
Corporation,
Arizona,
Wastewater
System
Revenue
Bonds,
Junior
Lien
Series
2023
5
.250
07/01/47
4,063,945
5,025,000
Phoenix
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Great
Hearts
Academies
Project,
Series
2014A
5
.000
07/01/44
5,028,991
410,000
(b)
Pima
County
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
San
Tan
Montessori
School
Project,
Series
2017
6
.750
02/01/50
410,571
3,300,000
Salt
River
Project
Agricultural
Improvement
and
Power
District,
Arizona,
Electric
System
Revenue
Bonds,
Series
2023A
5
.000
01/01/47
3,465,374
2,855,000
(d)
Salt
River
Project
Agricultural
Improvement
and
Power
District,
Arizona,
Electric
System
Revenue
Bonds,
Series
2025,
(UB)
5
.000
01/01/51
2,991,765
1,575,000
(b)
Sierra
Vista
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Desert
Heights
Charter
School
Project,
Refunding
Series
2024
5
.875
06/01/44
1,572,493
1,380,000
(b)
Yavapai
County
Industrial
Development
Authority,  Arizona,
Education
Revenue
Bonds,
Arizona
Agribusiness
and
Equine
Center
Inc
Project,
Refunding
Series
2015A
5
.000
09/01/34
1,380,287
10,235,000
Yuma
Industrial
Development
Authority,
Arizona,
Hospital
Revenue
Bonds,
Yuma
Regional
Medical
Center,
Series
2024A
5
.250
08/01/54
10,572,463
TOTAL
ARIZONA
37,481,810
ARKANSAS
-
0.4%
1,400,000
(b)
Arkansas
Development
Finance
Authority,
Charter
School
Revenue
Bonds,
Academy
of
Math
and
Science
-
Little
Rock
Project
Series
2024A
7
.000
07/01/59
1,337,185
1,800,000
Arkansas
Development
Finance
Authority,
Revenue
Bonds,
Baptist
Memorial
Health
Care,
Refunding
Series
2020B-1
5
.000
09/01/36
1,854,351
1,555,000
Fort
Smith,
Arkansas,
Sales
and
Use
Tax
Revenue
Bonds,
Series
2025
5
.250
11/01/55
1,635,137
850,000
Hope,
Arkansas,
Sales
and
Use
Tax
Revenue
Bonds,
Series
2025
-
BAM
Insured
4
.500
06/01/46
849,285
1,000,000
Pulaski
County,
Arkansas,
Hospital
Revenue
Bonds,
Arkansas
Children's
Hospital,
Series
2023
5
.000
03/01/41
1,061,228
TOTAL
ARKANSAS
6,737,186
CALIFORNIA
-
2.7%
250,000
Burbank-Glendale-Pasadena
Airport
Authority,
California,
Airport
Revenue
Bonds,
Senior
Series
2024B,
(AMT)
5
.250
07/01/42
273,165
100,000
(b)
California
Municipal
Finance
Authority
Charter
School
Revenue
Bonds,
River
Charter
Schools
Project,
Series
2018A
5
.500
06/01/38
100,028
3,000,000
California
Municipal
Finance
Authority,
Revenue
Bonds,
Eisenhower
Medical
Center,
Refunding
Series
2017A
5
.000
07/01/47
3,001,728
6,000,000
California
Municipal
Finance
Authority,
Revenue
Bonds,
Linxs
APM
Project,
Senior
Lien
Series
2018A,
(AMT)
5
.000
12/31/38
6,131,451
325,000
California
Municipal
Finance
Authority,
Special
Tax
Revenue
Bonds,
Community
Facilities
District
2023-11
Improvement
Area
A
Hesperia
Silverwood,
Series
2024
5
.000
09/01/44
336,430
335,000
California
Municipal
Finance
Authority,
Special
Tax
Revenue
Bonds,
Community
Facilities
District
2023-11
Improvement
Area
A
Hesperia
Silverwood,
Series
2024
5
.000
09/01/49
339,018
4,000,000
(b)
California
Pollution
Control
Financing
Authority,
Water
Furnishing
Revenue
Bonds,
Poseidon
Resources
Channelside
LP
Desalination
Project,
Series
2012,
(AMT)
5
.000
11/21/45
4,001,093
2,000,000
California
Public
Finance
Authority,
Senior
Living
Revenue
Bonds,
The
James,
Senior
Series
2024A
5
.875
06/01/39
2,006,262
1,305,000
California
Public
Finance
Authority,
Senior
Living
Revenue
Bonds,
The
James,
Senior
Series
2024A
6
.375
06/01/59
1,209,427
1,000,000
(b)
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Envision
Education,
Series
2024A
5
.000
06/01/44
974,535
3
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CALIFORNIA
(continued)
$
1,815,000
California
State,
General
Obligation
Bonds,
Various
Purpose
Refunding
Series
2025
5
.000
%
08/01/35
$
2,111,900
3,900,000
(b)
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2016A
5
.000
12/01/36
3,903,165
280,000
(b)
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2016A
5
.000
12/01/46
280,016
750,000
California
Statewide
Community
Development
Authority,
Health
Revenue
Bonds,
Enloe
Medical
Center,
Refunding
Series
2022A
-
AGM
Insured
5
.125
08/15/47
764,162
1,250,000
El
Rancho
Unified
School
District,
Los
Angeles
County,
California,
General
Obligation
Bonds,
Election
2016
Series
2023D
-
BAM
Insured
5
.750
08/01/48
1,389,727
1,500,000
Irvine,
California,
Special
Tax
Bonds,
Community
Facilities
District
2013-3
Great
Park,
Improvement
Area
4,
Series
2016
4
.000
09/01/41
1,434,968
1,200,000
Rancho
Mirage,
California,
Special
Tax
Bonds,
Community
Facilities
District
5
Section
31,
Improvement
Area
1
Series
2024A
5
.000
09/01/44
1,233,797
1,000,000
Sacramento
County,
California,
Airport
System
Revenue
Bonds,
Senior
Series
2025A,
(AMT)
5
.000
07/01/38
1,102,515
1,900,000
San
Diego
County
Regional
Airport
Authority,
California,
Airport
Revenue
Bonds,
Senior
Series
2025B,
(AMT)
5
.250
07/01/41
2,112,856
1,780,000
San
Diego
County
Regional
Airport
Authority,
California,
Airport
Revenue
Bonds,
Senior
Series
2025B,
(AMT)
5
.250
07/01/42
1,966,115
1,500,000
San
Diego
County
Regional
Airport
Authority,
California,
Airport
Revenue
Bonds,
Senior
Series
2025B,
(AMT)
5
.250
07/01/43
1,645,669
3,000,000
San
Francisco
Airport
Commission,
California,
Revenue
Bonds,
San
Francisco
International
Airport,
Refunding
Second
Series
2023C,
(AMT)
5
.500
05/01/38
3,365,900
1,550,000
University
of
California,
General
Revenue
Bonds,
Series
2025CD
5
.250
05/15/40
1,879,453
TOTAL
CALIFORNIA
41,563,380
COLORADO
-
8.1%
4,000,000
Adams
12
Five
Star
Schools,
Adams
County,
Colorado,
General
Obligation
Bonds,
Series
2025
5
.250
12/15/44
4,446,592
1,170,000
Adams
and
Arapahoe
Counties
Joint
School
District
28J,
Aurora,
Colorado,
General
Obligation
Bonds,
Series
2025
5
.500
12/01/46
1,304,777
1,000,000
Aerotropolis
Regional
Transportation
Authority,
Colorado,
Special
Revenue
Bonds,
Series
2021
4
.250
12/01/41
930,059
500,000
(b)
Aerotropolis
Regional
Transportation
Authority,
Colorado,
Special
Revenue
Bonds,
Series
2024
5
.500
12/01/44
513,606
2,500,000
(b)
Aerotropolis
Regional
Transportation
Authority,
Colorado,
Special
Revenue
Bonds,
Series
2024
5
.750
12/01/54
2,512,800
1,630,000
Arista
Metropolitan
District,
Broomfield
County,
Colorado,
General
Obligation
Limited
Tax
Bonds,
Refunding
Convertible
to
Unlimited
Tax
Series
2023A
-
BAM
Insured
5
.000
12/01/48
1,678,164
2,250,000
Aurora
Crossroads
Metropolitan
District
2,
Colorado,
Limited
Tax
General
Obligation
Bonds,
Series
2025A-3
6
.125
12/01/55
2,249,258
500,000
Bromley
Park
Metropolitan
District
No.
2,
In
the
City
of
Brighton,
Adams
and
Weld
Counties,
Colorado,
Senior
General
Obligation
Limited
Tax
Refunding
Bonds,
Series
2023
-
BAM
Insured
5
.500
12/01/43
548,031
250,000
Buckhorn
Valley
Metropolitan
District
2,
Gypsum,
Eagle
County,
Colorado,
General
Obligation
Limited
Tax
Refunding
Series
2025
5
.000
12/01/37
268,535
500,000
Buckhorn
Valley
Metropolitan
District
2,
Gypsum,
Eagle
County,
Colorado,
General
Obligation
Limited
Tax
Refunding
Series
2025
5
.000
12/01/50
515,902
575,000
Buckhorn
Valley
Metropolitan
District
2,
Gypsum,
Eagle
County,
Colorado,
General
Obligation
Limited
Tax
Refunding
Series
2025
5
.000
12/01/55
583,787
Portfolio
of
Investments
April
30,
2026
(continued)
Municipal
Total
Return
4
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
COLORADO
(continued)
$
500,000
Canyons
Metropolitan
District
5,
Douglas
County,
Colorado,
Limited
Tax
General
Obligation
and
Special
Revenue
Bonds,
Subordinate
Refunding
Series
2024B
-
BAM
Insured
6
.500
%
12/15/54
$
500,924
692,000
CCP
Metropolitan
District
3,
Colorado,
General
Obligation
Bonds,
Limited
Tax
Refunding
Series
2024
5
.000
12/01/53
680,601
2,450,000
Centennial
Water
and
Sanitation
District,
Douglas
County,
Colorado,
Water
and
Wastewater
Revenue
Bonds,
Series
2024
5
.250
12/01/53
2,587,519
1,000,000
(b)
Centerra
South
Metro
District
1,
Loveland,
Colorado,
Special
Revenue
Bonds,
Improvement
Senior
Series
2026A
6
.250
12/01/55
1,011,495
1,890,000
Colorado
Bridge
and
Tunnel
Enterprise,
Colorado,
Senior
Infrastructure
Revenue
Bonds,
Series
2024A
-
AGM
Insured
5
.500
12/01/54
2,034,449
1,000,000
Colorado
Bridge
and
Tunnel
Enterprise,
Colorado,
Senior
Infrastructure
Revenue
Bonds,
Series
2025A
5
.250
12/01/44
1,102,334
1,500,000
Colorado
Bridge
and
Tunnel
Enterprise,
Colorado,
Senior
Infrastructure
Revenue
Bonds,
Series
2025A
5
.250
12/01/45
1,638,626
500,000
(b)
Colorado
Educational
and
Cultural
Facilities
Authority,
Charter
School
Revenue
Bonds,
Aspen
Ridge
School
Project,
Series
2015A
5
.000
07/01/36
500,156
350,000
Colorado
Educational
and
Cultural
Facilities
Authority,
Charter
School
Revenue
Bonds,
Littleton
Preparatory
Charter
School,
Series
2013
5
.000
12/01/33
350,175
845,000
Colorado
Educational
and
Cultural
Facilities
Authority,
Charter
School
Revenue
Bonds,
Littleton
Preparatory
Charter
School,
Series
2013
5
.000
12/01/42
839,065
1,555,000
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
Adventist
Health
System/Sunbelt
Obligated
Group,
Series
2016A
5
.000
11/15/41
1,556,628
4,000,000
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
CommonSpirit
Health,
Series
2019A-2
5
.000
08/01/44
4,085,487
1,155,000
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
CommonSpirit
Health,
Series
2022A
5
.250
11/01/36
1,262,236
5,800,000
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
CommonSpirit
Health,
Series
2022A
5
.250
11/01/52
5,981,445
1,000,000
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
CommonSpirit
Health,
Series
2025A
5
.000
09/01/35
1,117,434
870,000
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
Craig
Hospital
Project,
Immediate
Delivery
Series
2022A
5
.000
12/01/52
880,311
1,220,000
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
Craig
Hospital
Project,
Series
2025A
5
.250
12/01/50
1,266,501
4,050,000
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
Intermountain
Healthcare,
Series
2022A
4
.000
05/15/52
3,655,165
4,000,000
Colorado
Springs,
Colorado,
Utilities
System
Revenue
Bonds,
Improvement
Series
2023A
5
.250
11/15/48
4,278,867
480,000
Crowfoot
Valley
Ranch
Metropolitan
District
No.
2,  Douglas
County,
Colorado,
Limited
Tax
General
Obligation
Bonds,
Refunding
Series
2024A
-
BAM
Insured
5
.000
12/01/44
501,623
2,902,235
Dawson
Trails
Metropolitan
District
1,
Colorado,
In
The
Town
of
Castle
Rock,
Limited
Tax
General
Obligation
Capital
Appreciation
Turbo
Bonds,
Series
2024
0
.000
12/01/31
1,905,440
725,000
Del
Norte,
Colorado,
Healthcare
Facilities
Revenue
Bonds,
Rio
Grande
Hospital
Refunding
Project,
Refunding
Series
2024
4
.875
12/01/34
723,598
550,000
Del
Norte,
Colorado,
Healthcare
Facilities
Revenue
Bonds,
Rio
Grande
Hospital
Refunding
Project,
Refunding
Series
2024
5
.200
12/01/39
543,217
1,725,000
Denver
City
and
County,
Colorado,
Airport
System
Revenue
Bonds,
Series
2022D,
(AMT)
5
.750
11/15/34
1,980,620
805,000
Denver
City
and
County,
Colorado,
Airport
System
Revenue
Bonds,
Series
2022D,
(AMT)
5
.750
11/15/35
919,453
700,000
Denver
City
and
County,
Colorado,
Airport
System
Revenue
Bonds,
Subordinate
Lien
Series
2023B,
(AMT)
5
.500
11/15/40
778,677
3,000,000
(b)
Falcon
Area
Water
and
Wastewater
Authority
(El
Paso
County,
Colorado),
Tap
Fee
Revenue
Bonds,
Series
2022A
6
.750
12/01/34
3,010,968
300,000
Fiddler's
Business
Improvement
District,
Colorado,
Limited
Tax
General
Obligation
Bonds,
Greenwood
Village
Project,
Series
2022
5
.550
12/01/47
305,300
5
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
COLORADO
(continued)
$
500,000
(b)
Granary
Metropolitan
District
9,
Weld
County,
Colorado,
Special
Assessment
Revenue
Bonds,
Special
Improvement
District
1,
Series
2024
5
.450
%
12/01/44
$
508,017
500,000
Grandview
Reserve
Metropolitan
District,
El
Paso
County,
Colorado,
Limited
Tax
General
Obligation
Senior
Bonds,
Series
2022A
and
Limited
Tax
General
Obligation
Subordinate
Bonds,
Series
2022B(3)
6
.250
12/01/52
502,253
1,065,000
(b)
Hess
Ranch
Metropolitan
District
5,
Parker,
Colorado,
Special
Assessment
Revenue
Bonds,
Special
Improvement
District
2,
Series
2024
5
.500
12/01/44
1,087,799
675,000
Hunters
Overlook
Metropolitan
District
5,
Severance,
Weld
County,
Colorado,
Limited
Tax
General
Obligation
Bonds,
Refunding
Series
2024
5
.000
12/01/49
692,570
2,000,000
Lakes
at
Centerra
Metropolitan
District
2,
Loveland,
Colorado,
Limited
Tax
General
Obligation
Bonds,
Refunding
Series
2024A
-
AGM
Insured
5
.000
12/01/49
2,030,331
2,550,000
(b)
Ledge
Rock
Center
Commercial
Metropolitan
District
(In
the
Town
of
Johnstown,
Weld
County,
Colorado),
Limited
Tax
General
Obligation
Bonds,
Series
2022
7
.125
11/01/42
2,711,662
500,000
Meridian
Ranch
Metropolitan
District
2018,
Subdistrict,
El
Paso
County,
Colorado,
General
Obligation
Limited
Tax
Bonds,
Series
2022
6
.250
12/01/37
521,943
4,000,000
Mesa
County
Valley
School
District
51,
Grand
Junction,
Colorado,
General
Obligation
Bonds,
Series
2025
5
.250
12/01/49
4,282,494
500,000
(b)
Mineral
Business
Improvement
District,
Arapahoe
County,
Colorado,
General
Obligation
and
Special
Revenue
Bonds,
Limited
Tax
Series
2024A
5
.750
12/01/54
497,557
750,000
(b)
Orchard
Park
Place
South
Metropolitan
District,
Adams
County,
Colorado,
General
Obligation
Bonds,
Limited
Tax
Series
2024
6
.000
12/01/54
749,470
1,000,000
Park
Creek
Metropolitan
District,
Colorado,
Revenue
Bonds,
Senior
Limited
Property
Tax,
Refunding
and
Improvement
Series
2025
5
.000
12/01/40
1,076,744
1,330,000
Peak
Metropolitan
District
3,
Colorado
Springs,
El
Paso
County,
Colorado,
Limited
Tax
General
Obligation
Bonds,
Series
2022A-1
7
.500
12/01/52
1,349,493
1,035,000
(b)
Plaza
Metropolitan
District
1,
Lakewood,
Colorado,
Tax
Increment
Revenue
Bonds,
Refunding
Series
2013
5
.000
12/01/40
1,035,454
4,000,000
Rampart
Range
Metropolitan
District
1,
Lone
Tree,
Colorado,
Limited
Tax
Supported
and
Special
Revenue
Bonds,
Refunding
&
Improvement
Series
2017
5
.000
12/01/42
4,031,229
1,400,000
Ravenna
Metropolitan
District,
Douglas
County,
Colorado,
General
Obligation
Bonds,
Refunding
Limited
Tax
Series
2023
-
AGM
Insured
5
.000
12/01/38
1,508,838
690,000
Ravenna
Metropolitan
District,
Douglas
County,
Colorado,
General
Obligation
Bonds,
Refunding
Limited
Tax
Series
2023
-
AGM
Insured
5
.000
12/01/43
730,224
1,450,000
(b)
Reagan
Ranch
Metropolitan
District
1,
Colorado
Springs,
Colorado,
General
Obligation
Bonds,
Limited
Tax
&
Special
Revenue,
Series
2025
6
.125
12/01/54
1,459,020
1,000,000
Redtail
Ridge
Metropolitan
District,
City
of
Louisville,
Boulder
County,
Colorado,
General
Obligation
Limited
Tax
Capital
Appreciation
Turbo
Bonds,
Series
2025
0
.000
12/01/32
642,946
1,173,387
(b)
Ridge
at
Johnstown
Metropolitan
District
8,
Larimer
County,
Colorado,
Special
Assessment
Revenue
Bonds,
Special
Improvement
District
1,
Series
2024
5
.875
12/01/44
1,167,573
1,345,000
Silverstone
Metropolitan
District
3,
Weld
County,
Colorado,
General
Obligation
and
Special
Revenue
Bonds,
Limited
Tax
Series
2023
7
.750
12/01/45
1,384,072
835,000
(b)
Sojourn
at
Idlewild
Metropolitan
District,
Grand
County,
Colorado,
Limited
Tax
General
Obligation
Bonds,
Winter
Park
Series
2025A
6
.125
12/01/55
858,972
2,950,000
South
Aurora
Regional
Improvement
Authority,
Aurora,
Colorado,
Special
Revenue
Bonds,
Refunding
Improvement
Series
2025
6
.750
12/01/55
3,025,260
Portfolio
of
Investments
April
30,
2026
(continued)
Municipal
Total
Return
6
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
COLORADO
(continued)
$
3,000,000
(b)
Southern
Ute
Indian
Tribe
of
the
Southern
Ute
Indian
Reservation,
Colorado,
General
Obligation
Bonds,
Series
2025A
5
.000
%
04/01/35
$
3,241,411
500,000
(b),(e)
St.
Vrain
Lakes
Metropolitan
District
4,
Weld
County,
Colorado,
General
Obligation
Bonds,
Firestone
Convertible
Capital
Appreciation
Limited
Tax
Series
2024A
0
.000
09/20/54
370,911
2,060,000
State
of
Colorado,
Rural
Colorado,
Certificates
of
Participation,
Series
2022
6
.000
12/15/39
2,390,866
7,870,000
State
of
Colorado,
Rural
Colorado,
Certificates
of
Participation,
Series
2022
6
.000
12/15/40
9,094,179
1,000,000
STC
Metropolitan
District
2,
Superior,
Boulder
County,
Colorado,
Limited
Tax
General
Obligation
and
Special
Revenue
Bonds,
Refunding
First
Lien
Series
2025A-1
5
.250
12/01/45
1,056,288
1,000,000
STC
Metropolitan
District
2,
Superior,
Boulder
County,
Colorado,
Limited
Tax
General
Obligation
and
Special
Revenue
Bonds,
Refunding
First
Lien
Series
2025A-1
5
.000
12/01/55
1,009,042
600,000
(b)
STC
Metropolitan
District
2,
Superior,
Boulder
County,
Colorado,
Limited
Tax
General
Obligation
and
Special
Revenue
Bonds,
Refunding
Second
Lien
Series
2025A-2
6
.250
12/01/55
605,522
900,000
Thompson
Crossing
Metropolitan
District
4,
Johnstown,
Larimer
County,
Colorado,
General
Obligation
Bonds,
Limited
Tax
Convertible
to
Unlimited
Tax,
Refunding
&
Improvement
Series
2019
5
.000
12/01/39
905,190
5,250,000
Vale,
Colorado,
Certificates
of
Participation,
Series
2025
5
.500
12/01/64
5,588,461
500,000
(e)
Verve
Metropolitan
District
1,
Jefferson
County
and
the
City
and
County
of
Broomfield,
Colorado,
General
Obligation
Bonds,
Convertible
Capital
Appreciation
Improvement
Series
2024A
0
.000
12/01/54
384,916
1,000,000
Verve
Metropolitan
District
1,
Jefferson
County
and
the
City
and
County
of
Broomfield,
Colorado,
General
Obligation
Bonds,
Refunding
and
Improvement
Limited
Tax
Series
2021
5
.000
12/01/41
949,429
1,250,000
Village
Metropolitan
District
In
the
Town
of
Avon,
Eagle
County,
Colorado,
Special
Revenue
and
Limited
Property
Tax
Bonds,
Refunding
&
Improvement
Series
2020
5
.000
12/01/40
1,252,580
1,000,000
West
Globeville
Metropolitan
District
1,
Denver,
Colorado,
General
Obligation
Limited
Tax
Bonds,
Series
2022
6
.750
12/01/52
1,008,505
2,870,000
(b)
West
Globeville
Metropolitan
District
1,
Denver,
Colorado,
General
Obligation
Limited
Tax
Bonds,
Series
2024A-2
8
.000
12/01/54
1,910,170
1,000,000
(b)
West
Globeville
Metropolitan
District
1,
Denver,
Colorado,
Special
Assessment
Revenue
Bonds,
Special
Improvement
District
1,
Series
2024
5
.750
12/01/44
1,008,724
750,000
Wildwing
Metropolitan
District
5,
Larimer
County,
Colorado,
Limited
Tax
General
Obligation
Bonds,
Refunding
and
Improvement
Series
2024
-
AGM
Insured
4
.500
12/01/53
706,827
TOTAL
COLORADO
124,886,767
CONNECTICUT
-
0.1%
775,000
University
of
Connecticut,
General
Obligation
Bonds,
Series
2023A
5
.000
08/15/41
846,680
TOTAL
CONNECTICUT
846,680
DELAWARE
-
0.7%
375,000
(b)
Bridgeville,
Delaware,
Special
Obligation
Bonds,
Heritage
Shores
Special
Development
District,
Series
2024
5
.250
07/01/44
377,228
6,500,000
(d)
Delaware
Health
Facilities
Authority,
Delaware,
Revenue
Bonds,
Christiana
Care
Health
System,
Series
2026,
(UB)
5
.250
10/01/51
6,847,179
2,500,000
Delaware
Health
Facilities
Authority,
Revenue
Bonds,
Beebe
Medical
Center
Project,
Series
2018
-
BAM
Insured
5
.000
06/01/48
2,510,762
705,000
Delaware
State
Housing
Authority,
Senior
Single
Family
Mortgage
Revenue
Bonds,
Series
2024A
4
.625
07/01/49
701,814
750,000
Kent
County,
Delaware,
Student
Housing
&
Dining
Facility
Revenue
Bonds,
Collegiate
Housing
Foundation
-
Dover
LLC
Delaware
State
University
Project,
Series
2018A
5
.000
07/01/31
758,010
TOTAL
DELAWARE
11,194,993
7
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
DISTRICT
OF
COLUMBIA
-
0.6%
$
4,400,000
(d)
District
of
Columbia
Water
and
Sewer
Authority,
Public
Utility
Revenue
Bonds,
Subordinate
Lien
Refunding
Green
Series
2025B,
(UB)
5
.250
%
10/01/50
$
4,690,234
4,645,000
(d)
District
of
Columbia
Water
and
Sewer
Authority,
Public
Utility
Revenue
Bonds,
Subordinate
Lien
Refunding
Green
Series
2025B,
(UB)
5
.250
10/01/54
4,914,218
TOTAL
DISTRICT
OF
COLUMBIA
9,604,452
FLORIDA
-
10.8%
1,000,000
Babcock
Ranch
Community
Independent
Special
District,
Charlotte
County,
Florida,
Special
Assessment
Bonds,
2022
Project
Series
2022
5
.000
05/01/42
1,016,418
4,100,000
Broward
County
School
District,
Florida,
General
Obligation
Bonds,
School
Series
2022
5
.000
07/01/47
4,288,697
4,890,000
Canaveral
Port
Authority,
Florida,
Port
Improvement
Revenue
Refunding
Bonds,
Series
2018B
5
.000
06/01/48
4,937,649
1,000,000
Cape
Coral,
Florida,
Water
and
Sewer
Revenue
Bonds,
Series
2023
-
BAM
Insured
5
.250
10/01/48
1,070,408
2,095,000
(b)
Capital
Trust
Agency,
Florida,
Revenue
Bonds,
Odyssey
Charter
School
Project,
Series
2019
5
.000
07/01/54
1,923,303
2,010,000
(b)
Capital
Trust
Authority,
Florida,
Charter
School
Revenue
Bonds,
Mason
Classical
Academy
Project
Series
2024A
5
.000
06/01/39
2,019,859
1,525,000
(b)
Capital
Trust
Authority,
Florida,
Charter
School
Revenue
Bonds,
Mason
Classical
Academy
Project
Series
2024A
5
.000
06/01/44
1,486,166
1,270,000
(b)
Capital
Trust
Authority,
Florida,
Educational
Facilities
Revenue
Bonds,
Babcock
Neighborhood
School
Inc
Project,
Series
2024
5
.750
08/15/49
1,241,904
500,000
(b)
Charlotte
County
Industrial
Development
Authority,
Florida,
Utility
System
Revenue
Bonds,
Town
&
Country
Utilities
Project,
Series
2025,
(AMT)
6
.125
10/01/55
516,496
2,235,000
Collier
County
Educational
Facilities
Authority,
Florida,
Revenue
Bonds,
Ave
Maria
University,
Refunding
Series
2023
5
.500
06/01/30
2,354,385
2,490,000
Collier
County
Educational
Facilities
Authority,
Florida,
Revenue
Bonds,
Ave
Maria
University,
Refunding
Series
2023
5
.500
06/01/32
2,647,559
435,000
Collier
County
Educational
Facilities
Authority,
Florida,
Revenue
Bonds,
Ave
Maria
University,
Refunding
Series
2023
5
.000
06/01/43
418,788
500,000
Corkscrew
Crossing
Community
Development
District,
Florida,
Special
Assessment
Bonds,
Series
2023
4
.300
05/01/33
510,884
1,000,000
Corkscrew
Crossing
Community
Development
District,
Florida,
Special
Assessment
Bonds,
Series
2023
5
.100
05/01/43
1,027,523
2,375,000
Escambia
County
Health
Facilities
Authority
Health
Care
Facilities
Revenue
Bonds,
Florida,
Series
2020A
(Baptist
Health
Care
Corporation
Obligated
Group)
5
.000
08/15/32
2,494,129
2,950,000
Escambia
County
Health
Facilities
Authority,
Florida,
Health
Care
Facilities
Revenue
Bonds,
Baptist
Health
Care
Corporation
Obligated,
Series
2020A
5
.000
08/15/33
3,081,474
925,000
(b)
Florida
Development
Finance
Corporation,
Educational
Facilities
Revenue
Bonds,
Cornerstone
Charter
Schools
Project,
Series
2022
5
.000
10/01/32
939,316
175,000
(b)
Florida
Development
Finance
Corporation,
Educational
Facilities
Revenue
Bonds,
Downtown
Doral
Charter
Upper
School
Project,
Series
2017C
5
.150
07/01/27
176,000
385,000
(b)
Florida
Development
Finance
Corporation,
Educational
Facilities
Revenue
Bonds,
Downtown
Doral
Charter
Upper
School
Project,
Series
2017C
5
.750
07/01/47
385,323
1,210,000
Florida
Development
Finance
Corporation,
Educational
Facilities
Revenue
Bonds,
Saint
Andrews
School
of
Boca
Raton
Inc
Project
Series
2024A
5
.250
06/01/44
1,241,299
1,215,000
Florida
Development
Finance
Corporation,
Educational
Facilities
Revenue
Bonds,
Saint
Andrews
School
of
Boca
Raton
Inc
Project
Series
2024A
5
.250
06/01/54
1,206,468
700,000
(b)
Florida
Development
Finance
Corporation,
Educational
Facilities
Revenue
Refunding
Bonds,
Central
Charter
School,
Series
2022
5
.250
08/15/37
682,241
Portfolio
of
Investments
April
30,
2026
(continued)
Municipal
Total
Return
8
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
FLORIDA
(continued)
$
500,000
(b)
Florida
Development
Finance
Corporation,
Student
Housing
Revenue
Bonds,
SPP
-
Tampa
I
-
LLC
The
Henry
Project,
Series
2024A-1
5
.000
%
06/01/44
$
501,665
1,000,000
Florida
Gulf
Coast
University
Financing
Corporation,
Capital
Improvement
Revenue
Bonds,
Refunding
Housing
Project,
Series
2022A
5
.000
02/01/40
1,077,091
5,460,000
Greater
Orlando
Aviation
Authority,
Florida,
Special
Purpose
Airport
Facilities
Revenue
Bonds,
United
Airlines,
Inc.
Project,
Series
2025,
(AMT)
5
.250
11/01/35
5,768,035
445,000
Hammock
Oaks
Community
Development
District,
Lady
Lake,
Florida,
Special
Assessment
Revenue
Bonds,
Area
2,
Series
2024
6
.150
05/01/54
450,938
4,000,000
Hernando
County,
Florida,
Non-Ad
Valorem
Revenue
Bonds,
Series
2022
5
.250
06/01/47
4,192,828
300,000
Hobe-Saint
Lucie
Conservancy
District,
Florida,
Special
Assessment
Revenue
Bonds,
Improvement
Unit
1A,
Series
2024
5
.600
05/01/44
312,373
1,870,000
Julington
Creek
Plantation
Community
Development
District,
Florida,
Special
Assessment
Revenue
Bonds,
Series
2023
-
AGM
Insured
5
.500
05/01/43
2,020,267
1,665,000
Lakeland,
Florida,
Energy
System
Revenue
Bonds,
Refunding
Series
2023
5
.000
10/01/42
1,796,231
10,000,000
Lakeland,
Florida,
Energy
System
Revenue
Bonds,
Series
2021
5
.000
10/01/48
10,702,377
1,100,000
Lakewood
Ranch
Stewardship
District,
Florida,
Special
Assessment
Revenue
Bonds,
Calusa
Project,
Series
2025
5
.700
05/01/45
1,169,294
1,000,000
Lakewood
Ranch
Stewardship
District,
Florida,
Special
Assessment
Revenue
Bonds,
Calusa
Project,
Series
2025
5
.900
05/01/55
1,038,916
1,080,000
(b)
Lakewood
Ranch
Stewardship
District,
Florida,
Special
Assessment
Revenue
Bonds,
Lorraine
Lakes
Project,
Series
2020
3
.625
05/01/40
977,662
725,000
Lakewood
Ranch
Stewardship
District,
Florida,
Special
Assessment
Revenue
Bonds,
Palm
Grove
Project,
Series
2024
5
.500
05/01/55
732,025
885,000
Lauderhill,
Florida,
Water
and
Sewer
Revenue
Bonds,
Series
2023
-
AGM
Insured
5
.000
10/01/48
929,268
385,000
Lee
County
Industrial
Development
Authority,
Florida,
Charter
School
Revenue
Bonds,
Lee
County
Community
Charter
Schools,
Series
2007A
5
.250
06/15/27
385,176
955,000
(b)
Lee
County
Industrial
Development
Authority,
Florida,
Charter
School
Revenue
Bonds,
Lee
County
Community
Charter
Schools,
Series
2024A
6
.000
06/15/38
972,708
1,000,000
(b)
Lee
County
Industrial
Development
Authority,
Florida,
Charter
School
Revenue
Bonds,
Lee
County
Community
Charter
Schools,
Series
2024A
6
.250
06/15/42
1,022,604
1,585,000
Lee
County
Industrial
Development
Authority,
Florida,
Healthcare
Facilities
Revenue
Bonds,
Shell
Point/Alliance
Obligated
Group,
Shell
Point
Project,
Refunding
Series
2024C
5
.000
11/15/54
1,534,822
1,065,000
Lee
County
Industrial
Development
Authority,
Florida,
Healthcare
Facilities
Revenue
Bonds,
Shell
Point/Alliance
Obligated
Group,
Shell
Point
Project,
Series
2024A
5
.250
11/15/54
1,067,447
995,000
(b)
Magnolia
Island
Community
Development
District,
Pasco
County,
Florida,
Capital
Improvement
Revenue
Bonds,
Assessment
Area
1,
series
2025
5
.750
05/01/55
992,278
1,000,000
Miami
Beach
Health
Facilities
Authority,
Florida,
Hospital
Revenue
Bonds,
Mount
Sinai
Medical
Center
of
Florida
Project,
Series
2021B
4
.000
11/15/51
854,948
1,250,000
(a),(b)
Miami-Dade
County
Industrial
Development
Authority,
Florida,
Student
Housing
Revenue
Bonds,
PRG
-
Casa
Properties
LLC
Project,
Senior
Series
2026A-1,
(Mandatory
Put
7/01/36)
5
.375
07/01/65
1,292,736
2,000,000
Miami-Dade
County,
Florida,
Aviation
Revenue
Bonds,
Refunding
Series
2017B,
(AMT)
5
.000
10/01/40
2,024,395
670,000
(b)
Miromar
Lakes
Community
Development
District,
Lee
County,
Florida,
Capital
Improvement
Revenue
Bonds,
Refunding
Series
2025
5
.000
05/01/35
722,339
9
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
FLORIDA
(continued)
$
1,430,000
Monroe
County,
Florida,
Airport
Revenue
Bonds,
Key
West
International
Airport,
Series
2022,
(AMT)
5
.000
%
10/01/39
$
1,492,358
1,575,000
Monroe
County,
Florida,
Airport
Revenue
Bonds,
Key
West
International
Airport,
Series
2022,
(AMT)
5
.000
10/01/41
1,632,523
8,000,000
Orange
County
Health
Facilities
Authority,
Florida,
Hospital
Revenue
Bonds,
Orlando
Health
Obligated
Group,
Inc.
Series
2025A
5
.000
10/01/47
8,320,388
5,000,000
Orange
County
Health
Facilities
Authority,
Florida,
Hospital
Revenue
Bonds,
Orlando
Health
Obligated
Group,
Inc.
Series
2025A
5
.250
10/01/56
5,197,411
2,960,000
Orange
County
Health
Facilities
Authority,
Florida,
Hospital
Revenue
Bonds,
Orlando
Health,
Inc.,
Refunding
Series
2016A
5
.000
10/01/39
2,973,510
620,000
Palm
Beach
County
Health
Facilities
Authority,
Florida,
Hospital
Revenue
Bonds,
Jupiter
Medical
Center,
Series
2022
5
.000
11/01/34
663,423
750,000
Palm
Beach
County
Health
Facilities
Authority,
Florida,
Hospital
Revenue
Bonds,
Jupiter
Medical
Center,
Series
2022
5
.000
11/01/36
794,166
5,310,000
Palm
Beach
County
Health
Facilities
Authority,
Florida,
Hospital
Revenue
Bonds,
Jupiter
Medical
Center,
Series
2022
5
.000
11/01/47
5,318,019
2,175,000
Palm
Beach
County
Health
Facilities
Authority,
Florida,
Hospital
Revenue
Bonds,
Jupiter
Medical
Center,
Series
2022
5
.000
11/01/52
2,116,080
1,600,000
Palm
Beach
County
Health
Facilities
Authority,
Florida,
Hospital
Revenue
Bonds,
Jupiter
Medical
Center,
Series
2025
5
.250
11/01/39
1,732,785
1,685,000
Palm
Beach
County
Health
Facilities
Authority,
Florida,
Hospital
Revenue
Bonds,
Jupiter
Medical
Center,
Series
2025
5
.250
11/01/40
1,808,856
5,000,000
(b)
Palm
Beach
County,
Florida,
Revenue
Bonds,
Provident
Group
-
PBAU
Properties
II
LLC
-
Palm
Beach
Atlantic
University
Housing
Project,
Senior
Series
2025A
5
.750
10/01/55
5,155,575
195,000
(b)
Parrish
Lakes
Community
Development
District,
Manatee
County,
Florida,
Capital
Improvement
Revenue
Bonds,
Assessment
Area
3,
Series
2024
5
.800
05/01/54
195,544
1,000,000
Pasco
County,
Florida,
Cigarette
Tax
Allocation
Bonds,
H.
Lee
Moffitt
Cancer
Center
and
Research
Institute
Capital
Improvement
Series
2023A
-
AGM
Insured
5
.500
09/01/41
1,096,249
1,000,000
Poitras
East
Community
Development
District,
Osceola
County,
Florida,
Special
Assessment
Revenue
Bonds,
Series
2023
4
.200
05/01/33
1,020,432
5,000,000
Sarasota
County
Public
Hospital
District,
Florida,
Hospital
Revenue
Bonds,
Sarasota
Memorial
Hospital
Project,
Series
2018
5
.000
07/01/38
5,147,323
4,440,000
Sarasota
County,
Florida,
Utility
System
Revenue
Bonds,
Series
2023
5
.000
10/01/48
4,627,517
2,250,000
Sarasota
County,
Florida,
Utility
System
Revenue
Bonds,
Series
2025
5
.000
10/01/47
2,373,943
6,500,000
Sarasota
County,
Florida,
Utility
System
Revenue
Bonds,
Series
2025
5
.250
10/01/55
6,881,084
2,000,000
St.
Johns
County
School
Board,
Florida,
Certificates
of
Participation,
Series
2024A
-
AGM
Insured
5
.500
07/01/49
2,136,371
1,350,000
Sumter
County
School
Board,
Florida,
Certificates
of
Participation,
Series
2024
-
AGM
Insured
5
.250
01/01/49
1,441,324
1,425,000
Tampa
Bay,
Florida,
Regional
Water
Supply
Authority,
Utility
System
Revenue
Bonds,
Sustainability
Series
2022
5
.250
10/01/47
1,518,687
8,000,000
Tampa,
Florida,
Hospital
Revenue
Bonds,
H.
Lee
Moffitt
Cancer
Center
Project,
Series
2020B
4
.000
07/01/45
7,322,248
2,780,000
(b)
Village
Community
Development
District
14,
Leesburg,
Florida,
Special
Assessment
Bonds,
Series
2022
4
.750
05/01/32
2,874,056
6,535,000
(b)
Village
Community
Development
District
15,
Florida,
Special
Assessment
Revenue
Bonds,
Series
2023
5
.250
05/01/54
6,508,357
2,750,000
Village
Community
Development
District
16,
Wildwood,
Florida,
Special
Assessment
Revenue
Bonds,
Series
2025
4
.500
05/01/40
2,783,372
6,500,000
Village
Community
Development
District
16,
Wildwood,
Florida,
Special
Assessment
Revenue
Bonds,
Series
2025
5
.125
05/01/56
6,443,699
TOTAL
FLORIDA
167,780,012
Portfolio
of
Investments
April
30,
2026
(continued)
Municipal
Total
Return
10
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
GEORGIA
-
2.0%
$
750,000
(b)
Atlanta
Development
Authority,
Georgia,
Revenue
Bonds,
Westside
Gulch
Area
Project,
Senior
Series
2024A-1
5
.000
%
04/01/34
$
767,378
12,260,000
(b)
Atlanta
Development
Authority,
Georgia,
Revenue
Bonds,
Westside
Gulch
Area
Project,
Senior
Series
2024A-2
5
.500
04/01/39
12,540,603
3,000,000
(d)
Cartersville,
Georgia,
Water
and
Sewer
Revenue,
Series
2026,
(UB)
5
.000
06/01/50
3,160,996
1,500,000
(d)
Cartersville,
Georgia,
Water
and
Sewer
Revenue,
Series
2026,
(UB)
5
.000
06/01/51
1,574,363
3,500,000
(d)
Cartersville,
Georgia,
Water
and
Sewer
Revenue,
Series
2026,
(UB)
5
.000
06/01/56
3,648,482
1,000,000
Columbia
County
Hospital
Authority,
Georgia,
Revenue
Anticipation
Certificates,
WellStar
Health
System,
Inc.
Project,
Series
2023B
5
.750
04/01/53
1,076,515
5,000,000
Fulton
County
Development
Authority,
Georgia,
Revenue
Bonds,
Piedmont
Healthcare,
Inc.
Project,
Series
2019A
4
.000
07/01/49
4,478,505
2,310,000
(b)
Geo.
L.
Smith
II
Georgia
World
Congress
Center
Authority,
Georgia,
Convention
Center
Hotel
Revenue
Bonds,  Second
Tier
Series
2021B
5
.000
01/01/36
2,350,922
250,000
Savannah-Georgia
Convention
Center
Authority,
Convention
Center
Hotel
First
Tier
Revenue
Bonds,
Series
2025A
5
.250
06/01/61
248,313
500,000
Savannah-Georgia
Convention
Center
Authority,
Convention
Center
Hotel
Third
Tier
Revenue
Bonds
(HMT
Pledge),
Series
2025C
5
.000
06/01/58
507,191
TOTAL
GEORGIA
30,353,268
GUAM
-
1.3%
500,000
Government
of
Guam,
Business
Privilege
Tax
Bonds,
Refunding
Series
2025G
5
.000
01/01/28
513,575
1,000,000
Government
of
Guam,
Business
Privilege
Tax
Bonds,
Refunding
Series
2025G
5
.000
01/01/31
1,068,158
1,000,000
Government
of
Guam,
Business
Privilege
Tax
Bonds,
Refunding
Series
2025G
5
.000
01/01/32
1,077,706
1,365,000
Government
of
Guam,
Business
Privilege
Tax
Bonds,
Refunding
Series
2025G
5
.000
01/01/33
1,481,572
1,105,000
Guam
Government
Waterworks
Authority,
Water
and
Wastewater
System
Revenue
Bonds,
Series
2025A
5
.250
07/01/40
1,203,597
9,500,000
Guam
Government
Waterworks
Authority,
Water
and
Wastewater
System
Revenue
Bonds,
Series
2025A
5
.250
07/01/50
9,761,266
1,535,000
Guam
Power
Authority,
Revenue
Bonds,
Refunding
Series
2017A
5
.000
10/01/37
1,555,125
4,050,000
Guam
Power
Authority,
Revenue
Bonds,
Refunding
Series
2022A
5
.000
10/01/42
4,218,581
TOTAL
GUAM
20,879,580
HAWAII
-
0.4%
750,000
(b)
Hawaii
Department
of
Budget
and
Finance,
Special
Purpose
Revenue
Bonds,
Hawaii
Pacific
University
Project,
Refunding
Series
2024
5
.000
07/01/34
764,122
4,750,000
Honolulu
City
and
County,
Hawaii,
Wastewater
System
Revenue
Bonds,
First
Bond
Resolution,
Green
Senior
Series
2025B
5
.250
07/01/48
5,141,340
TOTAL
HAWAII
5,905,462
IDAHO
-
0.3%
610,000
Idaho
Health
Facilities
Authority,
Revenue
Bonds,
Madison
Memorial
Hospital
Project,
Refunding
Series
2016
5
.000
09/01/29
611,212
3,100,000
(b)
Spring
Valley
Community
Infrastructure
District
1,
Eagle,
Idaho,
Special
Assessment
Bonds,
Assessment
Area
Two,
Series
2025
6
.250
09/01/54
3,202,258
750,000
Spring
Valley
Community
Infrastructure
District
1,
Eagle,
Idaho,
Special
Assessment
Bonds,
Series
2024
6
.250
09/01/53
770,980
TOTAL
IDAHO
4,584,450
11
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ILLINOIS
-
3.3%
$
479,800
Chicago,
Illinois,
Certificates
of
Participation,
Tax
Increment
Allocation
Revenue
Bonds,
Pullman
Park/Chicago
Redevelopement
Project,
Series
2013A
7
.125
%
03/15/33
$
479,952
1,125,000
DuPage
County
High
School
District
87,
Glenbard
Township,
Illinois,
General
Obligation
Bonds,
Series
2025
5
.250
01/01/46
1,200,306
3,060,000
Galesburg,
Knox
County,
Illinois,
Revenue
Bonds,
Knox
College
Project,
Series
2025A
5
.500
10/01/45
2,950,822
3,500,000
Galesburg,
Knox
County,
Illinois,
Revenue
Bonds,
Knox
College
Project,
Series
2025A
6
.000
10/01/45
3,543,948
935,000
(b)
Illinois
Finance
Authority,
Revenue
Bonds,
DePaul
College
Prep
Foundation,
Series
2023A
4
.300
08/01/28
941,916
1,275,000
(b)
Illinois
Finance
Authority,
Revenue
Bonds,
DePaul
College
Prep
Foundation,
Series
2023A
4
.500
08/01/33
1,314,234
1,000,000
(b)
Illinois
Finance
Authority,
Revenue
Bonds,
DePaul
College
Prep
Foundation,
Series
2023A
5
.250
08/01/38
1,064,241
2,815,000
(a),(b)
Illinois
Finance
Authority,
Surface
Freight
Transfer
Facilities
Revenue
Bonds,
CenterPoint
Joliet
Terminal
Railroad
Project,
Series
2017,
(AMT),
(Mandatory
Put
7/02/35)
4
.800
12/01/43
2,913,705
2,255,000
(a),(b)
Illinois
Finance
Authority,
Surface
Freight
Transfer
Facilities
Revenue
Bonds,
CenterPointJoliet
Terminal
Railroad
Project,
Series
2020,
(AMT),
(Mandatory
Put
12/31/34)
4
.125
12/01/50
2,254,123
1,020,000
Illinois
Housing
Development
Authority,
Revenue
Bonds,
Social
Series
2022G
6
.250
10/01/52
1,096,562
4,000,000
Illinois
State,
General
Obligation
Bonds,
April
Series
2026C
5
.250
04/01/43
4,343,000
1,500,000
Illinois
State,
General
Obligation
Bonds,
May
Series
2024B
5
.250
05/01/45
1,582,098
5,000,000
Illinois
State,
General
Obligation
Bonds,
October
Series
2024C
-
BAM
Insured
4
.000
10/01/40
4,889,988
1,000,000
Joliet,
Illinois,
Waterworks
and
Sewer
Revenue
Bonds,
Senior
Lien
Series
2025
-
BAM
Insured
5
.250
01/01/50
1,045,076
1,100,000
Lake
County
Consolidated
High
School
District
120
Mundelein,
Illinois,
General
Obligation
Bonds,
School
Series
2022A
5
.500
12/01/40
1,215,639
2,730,000
Lemont
Fire
Protection
District,
Cook,
DuPage
and
Will
Counties,
Illinois,
General
Obligation
Bonds,
Series
2025
-
BAM
Insured
4
.000
12/30/41
2,744,699
2,935,000
Lemont
Fire
Protection
District,
Cook,
DuPage
and
Will
Counties,
Illinois,
General
Obligation
Bonds,
Series
2025
-
BAM
Insured
4
.000
12/30/42
2,927,526
3,210,000
Lemont
Fire
Protection
District,
Cook,
DuPage
and
Will
Counties,
Illinois,
General
Obligation
Bonds,
Series
2025
-
BAM
Insured
4
.000
12/30/43
3,164,241
10,000,000
Metropolitan
Pier
and
Exposition
Authority,
Illinois,
McCormick
Place
Expansion
Project
Bonds,
Refunding
Series
2020A
5
.000
06/15/50
9,996,810
1,000,000
Sangamon
County
School
District
186
Springfield,
Illinois,
General
Obligation
Bonds,
Alternate
Revenue
Source
Series
2023
-
AGM
Insured
5
.500
06/01/48
1,062,357
TOTAL
ILLINOIS
50,731,243
INDIANA
-
3.6%
1,000,000
Avon
Community
School
Building
Corporation,
Hendricks
County,
Indiana,
First
Mortgage
Bonds,
Ad
Valorem
Property
Tax
Series
2023
5
.500
07/15/41
1,112,139
1,625,000
Avon
Community
School
Building
Corporation,
Hendricks
County,
Indiana,
First
Mortgage
Bonds,
Ad
Valorem
Property
Tax
Series
2023
5
.500
01/15/43
1,787,416
3,500,000
Brownsburg
1999
School
Building
Corporation,
Indiana,
First
Mortgage
Bonds,
Series
2023
5
.500
07/15/40
3,798,243
750,000
Carmel,
Indiana,
Waterworks
Revenue
Bonds,
Refunding,
Series
2024C
-
BAM
Insured
5
.250
05/01/51
775,869
1,000,000
(b)
Gary
Local
Public
Improvement
Bond
Bank,
Indiana,
Economic
Development
Revenue
Bonds,
Drexel
Foundation
for
Educational
Excellence
Project,
Refunding
Series
2020A
5
.875
06/01/55
896,010
4,000,000
Indiana
Finance
Authority,
Educational
Facilities
Revenue
Bonds,
DePauw
University
Project,
Series
2022A
5
.000
07/01/40
4,158,513
Portfolio
of
Investments
April
30,
2026
(continued)
Municipal
Total
Return
12
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
INDIANA
(continued)
$
520,000
Indiana
Finance
Authority,
Educational
Facilities
Revenue
Bonds,
Seven
Oaks
Classical
School
Project,
Series
2021A
5
.000
%
06/01/51
$
444,089
5,260,000
Indiana
Finance
Authority,
Health
Facilities
Revenue
Bonds,
Hendricks
Regional
Health,
Series
2024
5
.250
03/01/54
5,362,595
1,700,000
Indiana
Finance
Authority,
Hospital
Revenue
Bonds,
Reid
Health
Series
2022
-
AGM
Insured
5
.000
01/01/52
1,717,571
1,635,000
Indiana
Finance
Authority,
Indiana,
Health
Facilities
Project
Revenue
Bonds,
Margaret
Mary
Health
Project,
Series
2024A
5
.000
03/01/32
1,737,762
1,805,000
Indiana
Finance
Authority,
Indiana,
Health
Facilities
Project
Revenue
Bonds,
Margaret
Mary
Health
Project,
Series
2024A
5
.000
03/01/34
1,933,114
2,485,000
Indiana
Finance
Authority,
Indiana,
Health
Facilities
Project
Revenue
Bonds,
Margaret
Mary
Health
Project,
Series
2024A
5
.500
03/01/44
2,609,106
3,845,000
Indiana
Finance
Authority,
Indiana,
Health
Facilities
Project
Revenue
Bonds,
Margaret
Mary
Health
Project,
Series
2024A
5
.750
03/01/54
3,954,927
1,500,000
(d)
Indiana
Finance
Authority,
State
Revolving
Fund
Program
Bonds,
Green
Series
2026A,
(UB)
5
.000
02/01/46
1,621,542
5,000,000
(d)
Indiana
Finance
Authority,
State
Revolving
Fund
Program
Bonds,
Green
Series
2026A,
(UB)
5
.000
02/01/51
5,277,709
785,000
Indiana
Housing
and
Community
Development
Authority,
Single
Family
Mortgage
Revenue
Bonds,
Social
Series
2024A-1
4
.650
07/01/49
778,532
500,000
Indianapolis
Local
Public
Improvement
Bond
Bank,
Indiana,
Airport
Authority
Project
Revenue
Bonds,
Series
2023I-2,
(AMT)
5
.250
01/01/42
533,135
500,000
Indianapolis
Local
Public
Improvement
Bond
Bank,
Indiana,
Airport
Authority
Project
Revenue
Bonds,
Series
2023I-2,
(AMT)
5
.250
01/01/43
530,677
1,030,000
Indianapolis
Local
Public
Improvement
Bond
Bank,
Indiana,
Airport
Authority
Project
Revenue
Bonds,
Series
2023I-2,
(AMT)
5
.250
01/01/48
1,060,307
1,000,000
Indianapolis
Local
Public
Improvement
Bond
Bank,
Indiana,
Local
Income
Tax
Revenue
Bonds,
Indianapolis
Public
Transportation
Corporation
Project,
Green
Series
2025A
5
.000
07/15/42
1,078,501
5,850,000
Indianapolis
Local
Public
Improvement
Bond
Bank,
Indiana,
Revenue
Bonds,
Ad
Valorem
Property
Tax
Funded
Project
Series
2023D
6
.000
02/01/48
6,456,014
3,000,000
Indianapolis
Local
Public
Improvement
Bond
Bank,
Indiana,
Revenue
Bonds,
Convention
Center
Hotel
Senior
Series
2023E
6
.000
03/01/53
3,115,225
1,280,000
Lake
Ridge
Multi-School
Building
Corporation,
Lake
County,
Indiana,
First
Mortgage
Bonds,
Ad
Valorem
Property
Tax
Series
2022
5
.500
07/15/40
1,410,004
1,150,000
Mount
Vernon
of
Hancock
County
Multi-School
Building
Corporation,
Indiana,
First
Mortgage
Bonds,
Series
2022
5
.500
01/15/42
1,240,571
1,565,000
(a)
Rockport,
Indiana,
Pollution
Control
Revenue
Refunding
Bonds,
Indiana
Michigan
Power
Company
Project,
Series
2025A,
(Mandatory
Put
6/01/29)
3
.700
06/01/47
1,595,961
1,325,000
Tippecanoe
County
NSE08
School
Building
Corporation,
Indiana,
Ad
Valorem
Property
Tax
First
Mortgage
Bonds,
Series
2023B
6
.000
01/15/43
1,509,409
TOTAL
INDIANA
56,494,941
IOWA
-
0.2%
1,200,000
Iowa
Finance
Authority,
Healthcare
Revenue
Bonds,
Pella
Regional
Health
Center,
Series
2025
5
.250
12/01/50
1,193,900
2,030,000
Iowa
Finance
Authority,
Single
Family
Mortgage
Revenue
Bonds,
Social
Series
2025A
4
.550
07/01/45
2,025,521
TOTAL
IOWA
3,219,421
KANSAS
-
0.6%
2,000,000
(d)
University
of
Kansas
Hospital
Authority,
Health
Facilities
Revenue
Bonds,
University
of
Kansas
Health
System,
Series
2026A,
(UB)
5
.250
03/01/46
2,154,594
3,000,000
(d)
University
of
Kansas
Hospital
Authority,
Health
Facilities
Revenue
Bonds,
University
of
Kansas
Health
System,
Series
2026A,
(UB)
5
.500
03/01/51
3,217,360
4,000,000
(d)
University
of
Kansas
Hospital
Authority,
Health
Facilities
Revenue
Bonds,
University
of
Kansas
Health
System,
Series
2026A,
(UB)
5
.500
03/01/54
4,269,523
TOTAL
KANSAS
9,641,477
13
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
KENTUCKY
-
0.3%
$
795,000
Kentucky
Economic
Development
Finance
Authority,
Revenue
Bonds,
Next
Generation
Kentucky
Information
Highway
Project,
Senior
Series
2015A
5
.000
%
01/01/45
$
795,309
1,250,000
Kentucky
State
Property
and
Buildings
Commission,
Revenue
Bonds,
Project
127,
Series
2022A
5
.250
06/01/39
1,372,904
1,690,000
University
of
Kentucky,
Lease
Purchase
Obligations
Bonds,
University
of
Kentucky
Parking
Structure
7
&
Johnson
Center
Expansion,
Series
2025A
5
.250
04/01/50
1,776,250
TOTAL
KENTUCKY
3,944,463
LOUISIANA
-
3.1%
3,000,000
Ernest
N.
Morial-New
Orleans
Exhibition
Hall
Authority,
Louisiana,
Special
Tax
Bonds,
Series
2025
5
.500
07/15/50
3,148,439
2,500,000
Ernest
N.
Morial-New
Orleans
Exhibition
Hall
Authority,
Louisiana,
Special
Tax
Bonds,
Series
2025
5
.500
07/15/54
2,612,135
2,690,000
Lafayette
Parish
School
Board,
Louisiana,
Sales
Tax
Revenue
Bonds,
Series
2025
5
.750
04/01/50
2,941,476
3,515,000
Lafayette
Parish
School
Board,
Louisiana,
Sales
Tax
Revenue
Bonds,
Series
2025
5
.750
04/01/55
3,829,388
3,255,000
Lafayette,
Louisiana,
Utilities
Revenue
Bonds,
Electric
Projects
Series
2024
5
.000
11/01/49
3,415,191
500,000
Lake
Charles
Harbor
and
Terminal
District,
Louisiana,
Revenue
Bonds,
Refunding
Series
2024B,
(AMT)
5
.000
01/01/36
537,633
200,000
(b)
Louisiana
Publc
Facilities
Authority,
Lousiana,
Revenue
Bonds,
Lincoln
Preparatory
School
Project,
Series
2021A
5
.000
06/01/31
191,610
1,000,000
Louisiana
Public
Facilities
Authority,
Lease
Revenue
Bonds,
South
Quad
L3C
-
Louisiana
State
University
South
Quad
Phase
IV
Project,
Series
2025
5
.250
07/01/55
1,038,878
12,500,000
Louisiana
Public
Facilities
Authority,
Louisiana,
Revenue
Bonds,
I-10
Calcasieu
River
Bridge
Public-Private
Partnership
Project,
Senior
Lien
Series
2024,
(AMT)
5
.750
09/01/64
12,855,116
3,250,000
Louisiana
Public
Facilities
Authority,
Louisiana,
Revenue
Bonds,
Ochsner
Clinic
Foundation
Project,
Refunding
Series
2025A
5
.500
05/15/55
3,434,696
500,000
(b)
Plaquemines
Port,
Louisiana,
Harbor
and
Terminal
District
Facilities
Revenue
Bonds
NOLA
Terminal
LLC
Project
Dock
and
Wharf
Series
2024A
9
.000
12/01/44
439,934
1,000,000
Port
New
Orleans
Board
of
Commissioners,
Louisiana,
Revenue
Bonds,
Port
Facilities,
AMT
Series
2025B,
(AMT)
5
.500
04/01/54
1,043,026
4,900,000
Saint
John
the
Baptist
Parish
School
District
1,
Louisiana,
General
Obligation
Bonds,
Series
2023
5
.250
03/01/37
5,384,680
7,000,000
Saint
John
the
Baptist
Parish
School
District
1,
Louisiana,
General
Obligation
Bonds,
Series
2023
5
.250
03/01/43
7,557,486
TOTAL
LOUISIANA
48,429,688
MAINE
-
0.1%
700,000
Maine
Health
and
Higher
Educational
Facilities
Authority,
Revenue
Bonds,
Series
2023A
-
AGM
Insured
5
.000
07/01/42
752,763
TOTAL
MAINE
752,763
MARYLAND
-
0.6%
500,000
(c)
Maryland
Community
Development
Administration,
Department
of
Housing
and
Community
Development,
Residential
Revenue
Bonds,
Social
Series
2026B
4
.700
09/01/46
500,300
2,000,000
Maryland
Economic
Development
Corporation,
Student
Housing
Revenue
Bonds,
Morgan
State
University,
Harper-
Tubman
Project,
Series
2025A
5
.750
07/01/64
2,166,851
1,385,000
Maryland
Health
and
Higher
Educational
Facilities
Authority,
Revenue
Bonds,
Lifebridge
Health
Issue
Series
2023
5
.250
07/01/54
1,442,756
5,365,000
Maryland
Health
and
Higher
Educational
Facilities
Authority,
Revenue
Bonds,
Meritus
Medical
Center
Inc
Series
2025
5
.000
07/01/55
5,442,809
TOTAL
MARYLAND
9,552,716
Portfolio
of
Investments
April
30,
2026
(continued)
Municipal
Total
Return
14
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MASSACHUSETTS
-
1.6%
$
10,000,000
(d)
Massachusetts
Clean
Water
Trust,
State
Revolving
Fund
Bonds,
Green
27
Series
2026,
(UB)
5
.000
%
02/01/56
$
10,525,823
500,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Baystate
Medical
Center
Issue,
Series
2014N
5
.000
07/01/44
500,306
6,000,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Lifespan
Corporation
dba
Brown
University
Health,
Series
2025A
5
.250
08/15/42
6,379,052
7,980,000
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Southcoast
Health
System
Obligated
Group
Issue,
Series
2021G
5
.000
07/01/50
7,796,868
TOTAL
MASSACHUSETTS
25,202,049
MICHIGAN
-
3.5%
1,090,000
Belding
School
District,
Ionia,
Kent
and
Montcalm
Counties,
Michigan,
General
Obligation
Bonds,
School
Building
&
Site
Series
2022
5
.250
05/01/48
1,142,540
2,000,000
Ferndale
Public
School
District,
Oakland
County,
Michigan,
General
Obligation
Bonds,
School
Building
&
Site
Series
2025
5
.250
05/01/50
2,110,487
5,000,000
Flat
Rock
Community
School
District,
Wayne
County,
Michigan,
General
Obligation
Bonds,
Refunding
School
Building
and
Site
Series
2023
5
.250
05/01/52
5,219,497
1,750,000
Four
Lakes
Special
Assessment
District,
Gladwin
and
Midland
Counties,
Michigan,
Special
Assessment
Bond,
General
Obligation
Limited
Tax
series
2025
5
.250
06/01/50
1,818,009
1,700,000
Four
Lakes
Special
Assessment
District,
Gladwin
and
Midland
Counties,
Michigan,
Special
Assessment
Bond,
General
Obligation
Limited
Tax
series
2025
5
.000
06/01/55
1,732,348
1,200,000
Gerald
R.
Ford
International
Airport
Authority,
Kent
County,
Michigan,
Revenue
Bonds,
Limited
Tax
General
Obligation
Series
2021,
(AMT)
5
.000
01/01/41
1,263,284
3,905,000
Gerald
R.
Ford
International
Airport
Authority,
Kent
County,
Michigan,
Revenue
Bonds,
Limited
Tax
General
Obligation
Series
2024,
(AMT)
5
.000
01/01/42
4,143,834
1,830,000
Great
Lakes
Water
Authority,
Michigan,
Water
Supply
Revenue
Bonds,
Second
Lien
Series
2025D
5
.500
07/01/50
1,964,978
5,000
(f)
Kalamazoo
Hospital
Finance
Authority,
Michigan,
Hospital
Revenue
Bonds,
Bronson
Healthcare
Group,
Inc.,
Refunding
Series
2016,
(ETM)
5
.000
05/15/26
5,004
3,975,000
(f)
Michigan
Finance
Authority,
Hospital
Revenue
Bonds,
Sparrow
Obligated
Group,
Refunding
Series
2022A,
(Pre-refunded
11/15/32)
5
.000
11/15/35
4,484,831
1,100,000
Michigan
Finance
Authority,
Local
Government
Loan
Program
Revenue
Bonds,
Public
Lighting
Authority
Refunding
Local
Project,
Refunding
Series
2025A
-
BAM
Insured
5
.000
07/01/44
1,181,140
370,000
(b)
Michigan
Finance
AuthorIty,
Public
School
Academy
Limited
Obligation
Revenue
Bonds,
Voyageur
Academy
Project,
Refunding
Series
2017.
Private
Placement
of
2017
5
.900
07/15/46
293,662
1,000,000
Michigan
Mathematics
&
Science
Initiative,
Michigan,
Public
School
Academy
Revenue
Bonds,
Series
2021
4
.000
01/01/51
781,458
11,000,000
Michigan
Strategic
Fund,
Limited
Obligation
Revenue
Bonds,
I-75
Improvement
Project,
Series
2018,
(AMT)
5
.000
12/31/43
11,093,420
655,000
Northern
Michigan
University,
General
Revenue
Bonds,
Series
2025A
5
.250
06/01/44
711,680
850,000
Northern
Michigan
University,
General
Revenue
Bonds,
Series
2025A
5
.250
06/01/45
915,548
1,000,000
Northwest
Regional
Airport
Authority,
Grand
Traverse
and
Leelanau
Counties,
Michigan,
Airport
Revenue
Bonds,
General
Obligation
Bonds,
Cherry
Capital
Airport,
Limited
Tax
Series
2026,
(AMT)
5
.250
01/01/51
1,039,440
1,125,000
Northwest
Regional
Airport
Authority,
Grand
Traverse
and
Leelanau
Counties,
Michigan,
Airport
Revenue
Bonds,
General
Obligation
Bonds,
Cherry
Capital
Airport,
Limited
Tax
Series
2026,
(AMT)
5
.250
01/01/56
1,157,377
15
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MICHIGAN
(continued)
$
6,525,000
(d)
Okemos
Public
School
District,
Ingham
County,
Michigan,
General
Obligation
Bonds,
School
Building
&
Site
Series
2026-
III,
(UB)
5
.000
%
11/01/55
$
6,727,317
5,000,000
(d)
Troy
School
District,
Oakland
County,
Michigan,
General
Obligation
Bonds,
School
Building
&
Site
Refunding
Series
2026,
(UB)
5
.000
05/01/55
5,171,239
715,000
Wayne
County
Airport
Authority,
Michigan,
Revenue
Bonds,
Detroit
Metropolitan
Wayne
County
Airport,
Series
2025A
5
.500
12/01/50
770,895
TOTAL
MICHIGAN
53,727,988
MINNESOTA
-
1.8%
2,000,000
Duluth
Economic
Development
Authority,
Minnesota,
Health
Care
Facilities
Revenue
Bonds,
Essentia
Health
Obligated
Group,
Series
2018A
4
.250
02/15/48
1,800,811
11,415,000
Duluth
Economic
Development
Authority,
Minnesota,
Health
Care
Facilities
Revenue
Bonds,
Essentia
Health
Obligated
Group,
Series
2018A
5
.250
02/15/58
11,442,575
4,580,000
Forest
Lake,
Minnesota
Charter
School
Lease
Revenue
Bonds,
North
Lakes
Academy,
Refunding
Series
2021A
5
.000
07/01/41
4,296,826
940,000
Minnesota
Housing
Finance
Agency,
Residential
Housing
Finance
Bonds,
Series
2022M
5
.100
07/01/42
998,852
8,965,000
(d)
Rochester,
Minnesota,
Health
Care
Facilities
Revenue
Bonds,
Mayo
Clinic,
Series
2025A,
(UB)
4
.375
11/15/53
8,794,930
750,000
St.
Paul
Housing
and
Redevelopment
Authority,
Minnesota,
Charter
School
Revenue
Bonds,
Higher
Ground
Academy
Charter
School,
Series
2023
5
.500
12/01/38
777,971
TOTAL
MINNESOTA
28,111,965
MISSISSIPPI
-
0.5%
2,725,000
(a),(b)
Mississippi
Business
Finance
Corporation,
Solid
Waste
Disposal
Revenue
Bonds,
Waste
Pro
USA,
Inc.
Project,
Series
2025A,
(AMT),
(Mandatory
Put
8/02/27)
4
.375
02/01/48
2,738,636
100,000
Mississippi
Development
Bank,
Special
Obligation
Bonds,
Lamar
County
School
District
Series
2025
5
.250
06/01/44
109,211
1,145,000
Mississippi
Development
Bank,
Special
Obligation
Bonds,
Lamar
County
School
District
Series
2025
5
.000
06/01/50
1,182,355
3,500,000
Mississippi
Hospital
Equipment
and
Facilities
Authority,
Revenue
Bonds,
Baptist
Memorial
Healthcare,
Series
2016A
5
.000
09/01/41
3,505,536
TOTAL
MISSISSIPPI
7,535,738
MISSOURI
-
1.9%
3,425,000
Hannibal
Industrial
Development
Authority,
Missouri,
Health
Facilities
Revenue
Bonds,
Hannibal
Regional
Healthcare
System,
Series
2017
5
.000
10/01/42
3,341,449
1,900,000
Jefferson
City
School
District,
Missouri,
General
Obligation
Bonds,
Series
2025
5
.500
03/01/45
2,068,973
1,525,000
(b)
Kansas
City
Industrial
Development
Authority,
Missouri,
Economic
Activity
Tax
Revenue
Bonds,
Historic
Northeast
Redevelopment
Plan
Series
2024A-1
5
.000
06/01/54
1,495,829
2,435,000
(b)
Lee's
Summit,
Missouri,
Special
Obligation
Tax
Increment
and
Special
District
Improvement
Bonds,
Summit
Fair
Project,
Refunding
Series
2017
4
.875
11/01/37
2,362,315
4,000,000
Missouri
Development
Finance
Board,
Revenue
Bonds,
Zoo
Projects,
Series
2022
5
.500
05/01/42
4,367,841
1,850,000
Missouri
Joint
Municipal
Electric
Utility
Commission,
Power
Project
Revenue
Bonds,
Marshall
Energy
Center
Project,
Series
2025
5
.000
01/01/46
1,947,181
10,000,000
Saint
Louis,
Missouri,
Airport
Revenue
Bonds,
Lambert-St.
Louis
International
Airport,
Series
2024A
-
AGM
Insured
5
.250
07/01/54
10,439,098
245,000
Saint
Louis,
Missouri,
Tax
Increment
Financing
Revenue
Notes,
Marquette
Building
Redevelopment
Project,
Series
2008-A
6
.500
01/23/28
85,750
510,000
(b)
Taney
County
Industrial
Development
Authority,
Missouri,
Sales
Tax
Revenue
Improvement
Bonds,
Big
Cedar
Infrastructure
Project
Series
2023
6
.000
10/01/49
511,120
Portfolio
of
Investments
April
30,
2026
(continued)
Municipal
Total
Return
16
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MISSOURI
(continued)
$
2,085,000
Universal
City
Industrial
Development
Authority,
Missouri,
Revenue
Bonds,
Tax
Increment
and
Special
District
Markets
at
Olive
Project
Series
2023A
4
.875
%
06/15/36
$
2,139,578
TOTAL
MISSOURI
28,759,134
MONTANA
-
0.5%
2,250,000
(c)
Montana
Facility
Finance
Authority,
Montana,
Health
Facilities
Revenue
Bonds,
Bozeman
Deaconess
Health
Services
Obligated
Group,
Series
2026A
5
.250
06/01/50
2,342,489
2,500,000
(c)
Montana
Facility
Finance
Authority,
Montana,
Health
Facilities
Revenue
Bonds,
Bozeman
Deaconess
Health
Services
Obligated
Group,
Series
2026A
5
.250
06/01/53
2,588,368
1,025,000
Montana
Facility
Finance
Authority,
Revenue
Bonds,
Benefis
Health
System
Obligated
Group,
Series
2025A
5
.500
02/15/50
1,081,301
1,625,000
Montana
Facility
Finance
Authority,
Revenue
Bonds,
Benefis
Health
System
Obligated
Group,
Series
2025A
5
.500
02/15/55
1,694,154
TOTAL
MONTANA
7,706,312
NEBRASKA
-
1.3%
2,000,000
Douglas
County
Nebraska,
Sanitary
and
Improvement,
District
Number
608,
General
Obligation
Bonds,
North
Streams,
Series
2022
6
.000
12/15/37
1,946,924
1,750,000
Douglas
County
Sanitary
and
Improvement
District
608
North
Streams,
Nebraska,
General
Obligation
Bonds,
Series
2022
5
.750
12/15/37
1,667,938
1,045,000
Douglas
County
Sanitary
and
Improvement
District
608
North
Streams,
Nebraska,
General
Obligation
Bonds,
Series
2023
7
.000
10/15/38
1,057,264
2,500,000
Nebraska
Investment
Finance
Authority,
Single
Family
Housing
Revenue
Bonds,
Social
Series
2023G
5
.150
09/01/43
2,631,721
3,000,000
Nebraska
Investment
Finance
Authority,
Single
Family
Housing
Revenue
Bonds,
Social
Series
2024A
4
.500
09/01/44
2,989,136
5,000,000
(c)
Nebraska
Public
Power
District,
General
Revenue
Bonds,
Series
2026A
5
.250
01/01/55
5,272,024
3,000,000
Omaha
Airport
Authority,
Nebraska,
Airport
Facilities
Revenue
Bonds,
Series
2024,
(AMT)
5
.250
12/15/49
3,130,277
1,350,000
Omaha
Airport
Authority,
Nebraska,
Airport
Facilities
Revenue
Bonds,
Series
2024,
(AMT)
5
.250
12/15/54
1,396,452
TOTAL
NEBRASKA
20,091,736
NEVADA
-
1.7%
3,000,000
Carson
City,
Nevada,
Hospital
Revenue
Bonds,
Carson
Tahoe
Regional
Healthcare
Project,
Series
2017A
5
.000
09/01/42
3,016,947
12,335,000
Clark
County
Water
Reclamation
District,
Nevada,
General
Obligation
Water
Bonds,
Limited
Tax
Series
2023
5
.000
07/01/47
12,928,818
755,000
Henderson,
Nevada,
Local
Improvement
Bonds,
Local
Improvement
District
T-22
Rainbow
Canyon
Phase
II,
Series
2023
5
.000
03/01/38
780,813
595,000
Las
Vegas
Special
Improvement
District
613,
Nevada,
Local
Improvement
Bonds,
Sunstone
Phases
III
and
IV
Series
2024
5
.500
12/01/53
603,840
325,000
Las
Vegas
Special
Improvement
District
819,
Nevada,
Local
Improvement
Bonds,
Summerlin
Village
30A
Series
2025
5
.250
06/01/45
335,925
1,000,000
Las
Vegas,
Nevada,
Local
Improvement
Revenue
Bonds,
Special
Improvement
District
818
Summerlin
Village
27,
Series
2024
5
.000
12/01/39
1,047,975
935,000
Las
Vegas,
Nevada,
Local
Improvement
Revenue
Bonds,
Special
Improvement
District
818
Summerlin
Village
27,
Series
2024
5
.000
12/01/44
955,331
2,570,000
Reno-Tahoe
Airport
Authority,
Nevada,
Airport
Revenue
Bonds,
Series
2024B
5
.000
07/01/49
2,629,930
4,450,000
Tahoe-Douglas
Visitors
Authority,
Nevada,
Stateline
Revenue
Bonds,
Series
2020
5
.000
07/01/51
4,410,961
TOTAL
NEVADA
26,710,540
17
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW
HAMPSHIRE
-
1.3%
$
15,000,000
National
Finance
Authority,
New
Hampshire,
Revenue
Bonds,
Winston-Salem
Sustainable
Energy
Partners
Series
2025A
5
.500
%
06/01/50
$
15,708,567
368,000
(b)
National
Finance
Authority,
New
Hampshire,
Special
Revenue
Bonds,
Wildflower
Project,
Denton
County,
Texas,
Capital
Appreciation
Series
2025
0
.000
12/15/33
233,090
4,055,000
New
Hampshire
Health
and
Education
Facilities
Authority,
Revenue
Bonds,
Concord
Hospital,
Series
2017
5
.000
10/01/42
4,098,625
TOTAL
NEW
HAMPSHIRE
20,040,282
NEW
JERSEY
-
2.6%
100,000
Jersey
City
Municipal
Utilities
Authority,
Hudson
County,
New
Jersey,
Sewer
Revenue
Bonds,
Series
2025E
-
BAM
Insured
5
.750
10/15/48
111,916
5,300,000
New
Jersey
Economic
Development
Authority,
New
Jersey,
Transit
Transportation
Project
Revenue
Bonds,
Portal
North
Bridge
Project
Series
2022A
5
.000
11/01/37
5,778,555
3,500,000
New
Jersey
Economic
Development
Authority,
Special
Facility
Revenue
Bonds,
Port
Newark
Container
Terminal
LLC
Project,
Refunding
Series
2017,
(AMT)
5
.000
10/01/37
3,546,852
2,235,000
New
Jersey
Economic
Development
Authority,
Special
Facility
Revenue
Bonds,
Port
Newark
Container
Terminal
LLC
Project,
Refunding
Series
2017,
(AMT)
5
.000
10/01/47
2,236,706
1,000,000
(c)
New
Jersey
Health
Care
Facilities
Financing
Authority,
Revenue
Bonds,
RWJ
Barnabas
Health
Obligated
Group,
Refunding
Series
2026A
5
.250
07/01/38
1,184,796
2,000,000
New
Jersey
Housing
and
Mortgage
Finance
Agency,
Single
Family
Housing
Revenue
Bonds,
Series
2018B,
(AMT)
3
.800
10/01/32
1,999,974
1,700,000
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
Program
Bonds,
Series
2022CC
5
.250
06/15/36
1,900,066
7,000,000
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2008A
0
.000
12/15/37
4,582,626
7,000,000
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2024A
5
.250
06/15/39
7,895,941
3,735,000
New
Jersey
Turnpike
Authority,
Turnpike
Revenue
Bonds,
Series
2025A
5
.250
01/01/50
4,021,130
4,325,000
South
Jersey
Port
Corporation,
New
Jersey,
Marine
Terminal
Revenue
Bonds,
Subordinate
Series
2017B,
(AMT)
5
.000
01/01/42
4,372,825
3,000,000
South
Jersey
Port
Corporation,
New
Jersey,
Marine
Terminal
Revenue
Bonds,
Subordinate
Series
2017B,
(AMT)
5
.000
01/01/48
3,005,702
TOTAL
NEW
JERSEY
40,637,089
NEW
MEXICO
-
0.1%
1,970,000
New
Mexico
Mortgage
Finance
Authority,
Single
Family
Mortgage
Program
Bonds,
Class
1
Series
2023D
5
.150
09/01/43
2,088,031
TOTAL
NEW
MEXICO
2,088,031
NEW
YORK
-
6.2%
1,095,000
Albany
Capital
Resource
Corporation,
New
York,
Revenue
Bonds,
Albany
Medical
Center
Hospital
Series
2025A
5
.250
05/01/43
1,212,864
935,000
Albany
Capital
Resource
Corporation,
New
York,
Revenue
Bonds,
Albany
Medical
Center
Hospital
Series
2025A
5
.250
05/01/44
1,027,139
400,000
Build
New
York
City
Resource
Corporation,
New
York,
Revenue
Bonds,
Global
Community
Charter
School
Project,
Series
2022A
4
.000
06/15/32
380,929
1,000,000
Build
NYC
Resource
Corporation,
New
York,
Airport
Facilities
Revenue
Bonds.
TrIPs
Obligated
Group,
Senior
Series
2025,
(AMT)
5
.500
07/01/44
1,079,159
1,000,000
Build
NYC
Resource
Corporation,
New
York,
Airport
Facilities
Revenue
Bonds.
TrIPs
Obligated
Group,
Senior
Series
2025,
(AMT)
5
.500
07/01/45
1,069,844
1,020,000
Build
NYC
Resource
Corporation,
New
York,
Airport
Facilities
Revenue
Bonds.
TrIPs
Obligated
Group,
Senior
Series
2025,
(AMT)
5
.500
07/01/50
1,058,060
725,000
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Catholic
Health
System
Obligated
Group
Series
2019A
5
.000
07/01/32
726,399
525,000
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Catholic
Health
System
Obligated
Group
Series
2019A
5
.000
07/01/34
523,544
Portfolio
of
Investments
April
30,
2026
(continued)
Municipal
Total
Return
18
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW
YORK
(continued)
$
800,000
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Catholic
Health
System
Obligated
Group
Series
2019A
5
.000
%
07/01/41
$
764,774
6,610,000
Dormitory
Authority
of
the
State
of
New
York,
State
Personal
Income
Tax
Revenue
Bonds,
General
Purpose
Series
2024A
5
.250
03/15/49
6,999,381
1,975,000
Monroe
County
Industrial
Development
Corporation,
New
York,
Revenue
Bonds,
Rochester
General
Hospital
Project,
Series
2017
5
.000
12/01/46
1,955,384
2,011,369
Nassau
County
Tobacco
Settlement
Corporation,
New
York,
Tobacco
Settlement
Asset-Backed
Bonds,
Refunding
Series
2006A-2
5
.250
06/01/26
1,864,992
4,500,000
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
Series
2023D-1
5
.500
11/01/45
4,875,373
4,035,000
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
Series
2024A-1
5
.000
05/01/44
4,307,528
4,250,000
(b)
New
York
Liberty
Development
Corporation,
New
York,
Liberty
Revenue
Bonds,
3
World
Trade
Center
Project,
Class
1
Series
2014
5
.000
11/15/44
4,253,391
500,000
(f)
New
York
State
Environmental
Facilities
Corporation,
State
Clean
Water
and
Drinking
Water
Revolving
Funds
Revenue
Bonds,
Pooled
Loan
Issue,
Series
2005B,
(ETM)
5
.500
10/15/27
519,178
5,000,000
New
York
Transportation
Development
Corporation,
New
York,
Special
Facilities
Bonds,
LaGuardia
Airport
Terminal
B
Redevelopment
Project,
Series
2016A,
(AMT)
5
.000
07/01/46
4,982,038
1,785,000
New
York
Transportation
Development
Corporation,
New
York,
Special
Facility
Revenue
Bonds,
John
F
Kennedy
International
Airport
New
Terminal
1
Project,
Green
Series
2024,
(AMT)
5
.250
06/30/43
1,864,455
2,600,000
New
York
Transportation
Development
Corporation,
New
York,
Special
Facility
Revenue
Bonds,
John
F
Kennedy
International
Airport
New
Terminal
1
Project,
Green
Series
2024
-
BAM
Insured,
(AMT)
5
.500
06/30/54
2,690,249
10,000,000
New
York
Transportation
Development
Corporation,
New
York,
Special
Facility
Revenue
Bonds,
John
F
Kennedy
International
Airport
Terminal
One
Project,
Green
Series
2025,
(AMT)
6
.000
06/30/50
10,692,630
1,980,000
New
York
Transportation
Development
Corporation,
New
York,
Special
Facility
Revenue
Bonds,
New
Terminal
1
John
F
Kennedy
International
Airport
Project,
Green
Series
2023
-
AGM
Insured,
(AMT)
5
.500
06/30/44
2,088,053
5,000,000
New
York
Transportation
Development
Corporation,
New
York,
Special
Facility
Revenue
Bonds,
Terminal
4
John
F
Kennedy
International
Airport
Project,
Series
2022,
(AMT)
5
.000
12/01/34
5,384,951
1,660,000
New
York
Transportation
Development
Corporation,
New
York,
Special
Facility
Revenue
Bonds,
Terminal
4
John
F
Kennedy
International
Airport
Project,
Series
2022,
(AMT)
5
.000
12/01/42
1,722,798
13,500,000
New
York
Transportation
Development
Corporation,
Special
Facility
Revenue
Bonds,
Delta
Air
Lines,
Inc.
-
LaGuardia
Airport
Terminals
C&D
Redevelopment
Project,
Series
2020,
(AMT)
5
.000
10/01/40
13,859,586
4,000,000
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
Two
Hundred
Eighteen
Series
2019,
(AMT)
5
.000
11/01/44
4,125,642
11,505,000
Triborough
Bridge
and
Tunnel
Authority,
New
York,
Sales
Tax
Revenue
Bonds,
MTA
Bridges
&
Tunnels,
TBTA
Capital
Lockbox-City
Sales
Tax
Series
2023A
5
.500
05/15/63
12,098,627
1,360,000
Westchester
County
Local
Development
Corporation,
New
York,
Revenue
Bonds,
Westchester
Medical
Center
Obligated
Group
Project,
Series
2023
-
AGM
Insured
5
.750
11/01/48
1,466,392
1,250,000
Westchester
County
Local
Development
Corporation,
New
York,
Revenue
Bonds,
Westchester
Medical
Center
Obligated
Group
Project,
Series
2023
6
.250
11/01/52
1,295,395
915,000
Yonkers
Industrial
Development
Agency,
New
York,
School
Facility
Revenue
Bonds,
New
Community
School
Project
Series
2022
5
.250
05/01/51
955,820
TOTAL
NEW
YORK
95,844,575
19
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NORTH
CAROLINA
-
2.0%
$
4,310,000
Charlotte,
North
Carolina,
General
Obligation
Bonds,
Refunding
Series
2025B
5
.000
%
07/01/38
$
4,935,918
1,500,000
(c),(d)
Durham,
North
Carolina,
Utility
System
Revenue
Bonds,
Refunding
Series
2026,
(UB)
5
.000
08/01/48
1,604,214
1,000,000
(c),(d)
Durham,
North
Carolina,
Utility
System
Revenue
Bonds,
Refunding
Series
2026,
(UB)
5
.000
08/01/49
1,065,736
6,500,000
(c),(d)
Durham,
North
Carolina,
Utility
System
Revenue
Bonds,
Refunding
Series
2026,
(UB)
5
.000
08/01/55
6,818,546
1,300,000
Greater
Asheville
Regional
Airport
Authority,
North
Carolina,
Airport
System
Revenue
Bonds
Series
2022A
-
AGM
Insured,
(AMT)
5
.250
07/01/39
1,402,756
430,000
Greater
Asheville
Regional
Airport
Authority,
North
Carolina,
Airport
System
Revenue
Bonds
Series
2023
-
AGM
Insured,
(AMT)
5
.250
07/01/41
464,820
1,090,000
Greater
Asheville
Regional
Airport
Authority,
North
Carolina,
Airport
System
Revenue
Bonds
Series
2023
-
AGM
Insured,
(AMT)
5
.250
07/01/42
1,171,810
620,000
Greater
Asheville
Regional
Airport
Authority,
North
Carolina,
Airport
System
Revenue
Bonds
Series
2023
-
AGM
Insured,
(AMT)
5
.250
07/01/43
662,870
1,130,000
Nash
Health
Care
Systems,
North
Carolina,
Health
Care
Facilities
Revenue
Bonds,
Series
2025
5
.500
02/01/43
1,243,097
995,000
Nash
Health
Care
Systems,
North
Carolina,
Health
Care
Facilities
Revenue
Bonds,
Series
2025
5
.500
02/01/44
1,085,893
1,300,000
Nash
Health
Care
Systems,
North
Carolina,
Health
Care
Facilities
Revenue
Bonds,
Series
2025
5
.000
02/01/45
1,355,251
1,000,000
North
Carolina
Medical
Care
Commission,
Retirement
Facilities
First
Mortgage
Revenue
Bonds,
United
Methodist
Retirement
Homes,
Series
2025A
5
.000
10/01/50
1,004,940
1,095,000
North
Carolina
Medical
Care
Commission,
Retirement
Facility
First
Mortgage
Revenue
Bonds,
Everyage,
Series
2024B
5
.000
09/01/49
1,101,046
25,000
North
Carolina
Turnpike
Authority,
Triangle
Expressway
System
Revenue
Bonds,
Senior
Lien
Series
2019
5
.000
01/01/49
25,305
7,540,000
North
Carolina
Turnpike
Authority,
Triangle
Expressway
System
Revenue
Bonds,
Senior
Lien
Series
2024A
-
AGM
Insured
5
.000
01/01/58
7,668,078
TOTAL
NORTH
CAROLINA
31,610,280
NORTH
DAKOTA
-
0.3%
5,000,000
North
Dakota
Housing
Finance
Agency,
Home
Mortgage
Finance
Program
Bonds,
Social
Series
2024C
4
.650
07/01/44
5,058,828
TOTAL
NORTH
DAKOTA
5,058,828
OHIO
-
3.5%
2,000,000
Columbus
Regional
Airport
Authority,
Ohio,
Revenue
Bonds,
John
Glenn
Columbus
International
Airport,
Series
2025A,
(AMT)
5
.250
01/01/42
2,152,220
3,700,000
(b)
Columbus-Franklin
County
Finance
Authority,
Ohio,
Revenue
Bonds,
Bridge
Park
G
Block
Project,
Public
Infrastructure
Series
2022
5
.000
12/01/53
3,687,893
4,000,000
County
of
Lucas,
Ohio,
Hospital
Revenue
Bonds,
ProMedica
Healthcare
Obligated
Group,
Series
2018A
5
.250
11/15/48
3,974,268
1,000,000
Dayton,
Ohio,
Water
System
Revenue
Bonds,
Series
2022
5
.500
12/01/42
1,075,358
10,000,000
(d)
Franklin
County,
Ohio,
Hospital
Revenue
Bonds,
Nationwide
Children's
Hospital
Project,
Refunding
&
Improvement
Series
2025A,
(UB)
5
.250
11/01/55
10,425,729
9,615,000
Hamilton
County,
Ohio,
Hospital
Facilities
Revenue
Bonds,
UC
Health,
Series
2020
5
.000
09/15/50
9,290,089
Portfolio
of
Investments
April
30,
2026
(continued)
Municipal
Total
Return
20
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
OHIO
(continued)
$
4,000,000
(d)
JobsOhio
Beverage
System,
Ohio,
Statewide
Liquor
Profits
Revenue
Bonds,
Refunding
Senior
Lien
&
New
Money,
Series
2025A,
(UB)
5
.000
%
01/01/48
$
4,209,930
1,165,000
(d)
JobsOhio
Beverage
System,
Ohio,
Statewide
Liquor
Profits
Revenue
Bonds,
Refunding
Senior
Lien
&
New
Money,
Series
2025A,
(UB)
5
.000
01/01/50
1,217,915
1,055,000
(d)
JobsOhio
Beverage
System,
Ohio,
Statewide
Liquor
Profits
Revenue
Bonds,
Refunding
Senior
Lien
&
New
Money,
Series
2025A,
(UB)
5
.000
01/01/53
1,095,673
400,000
Montgomery
County,
Ohio,
Health
Care
Facilities
Revenue
Bonds,
Solvita
Project
Refunding
and
Improvement
Series
2024
5
.250
09/01/54
400,558
145,000
Muskingum
County,
Ohio,
Hospital
Facilities
Revenue
Bonds,
Genesis
HealthCare
System
Obligated
Group
Project,
Series
2013
5
.000
02/15/27
145,283
2,000,000
Muskingum
County,
Ohio,
Hospital
Facilities
Revenue
Bonds,
Genesis
HealthCare
System
Obligated
Group
Project,
Series
2013
5
.000
02/15/44
1,999,932
1,150,000
Ohio
Air
Quality
Development
Authority,
Ohio,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Generation
Corporation
Project,
Refunding
Series
2009D
3
.375
08/01/29
1,133,404
1,100,000
Ohio
Higher
Educational
Facility
Commission,
Higher
Educational
Facility
Revenue
Bonds,
John
Carroll
University
2025
Project,
Series
2025
5
.500
10/01/50
1,081,543
2,250,000
Ohio
Higher
Educational
Facility
Commission,
Higher
Educational
Facility
Revenue
Bonds,
John
Carroll
University
2025
Project,
Series
2025
5
.500
10/01/57
2,180,535
250,000
(b)
Ohio
Housing
Finance
Agency,
Multifamily
Housing
Revenue
Bonds,
Silver
Birch
of
Mansfield
Project,
Series
2024
6
.000
01/01/45
254,729
1,730,000
Ohio
State,
Hospital
Revenue
Bonds,
Children's
Hospital
Medical
Center
of
Akron,
Series
2024A
5
.250
08/15/48
1,842,000
1,700,000
Summit
County
Development
Finance
Authority,
Ohio,
Parking
System
Revenue
Bonds,
University
of
Akron
Parking
Project
Series
2023
5
.500
12/01/43
1,832,868
1,000,000
Summit
County
Development
Finance
Authority,
Ohio,
Parking
System
Revenue
Bonds,
University
of
Akron
Parking
Project
Series
2023
5
.625
12/01/48
1,051,584
5,000,000
Washington
County,
Ohio,
Hospital
Facilities
Revenue
Bonds,
Memorial
Health
System
Obligated
Group,
Series
2022
6
.375
12/01/37
5,359,600
TOTAL
OHIO
54,411,111
OKLAHOMA
-
0.9%
1,925,000
Clinton
Public
Works
Authority,  Oklahoma,
Educational
Facilities,
Lease
Revenue
Bonds,
Series
2022
5
.000
10/01/35
2,057,522
750,000
Oklahoma
Development
Finance
Authority,
Health
System
Revenue
Bonds,
OU
Medicine
Project,
Taxable
Series
2022
5
.500
08/15/37
781,395
10,000,000
Tulsa
Municipal
Airport
Trust,
Oklahoma,
Revenue
Bonds,
American
Airlines
Inc.,
Series
2025,
(AMT)
6
.250
12/01/35
11,277,366
TOTAL
OKLAHOMA
14,116,283
OREGON
-
1.4%
1,625,000
Astoria
Hospital
Facilities
Authority,
Oregon,
Hospital
Revenue
Bonds,
Columbia
Memorial
Hospital
Project,
Series
2024
5
.250
08/01/41
1,710,283
1,635,000
Astoria
Hospital
Facilities
Authority,
Oregon,
Hospital
Revenue
Bonds,
Columbia
Memorial
Hospital
Project,
Series
2024
5
.250
08/01/42
1,706,462
1,375,000
Astoria
Hospital
Facilities
Authority,
Oregon,
Hospital
Revenue
Bonds,
Columbia
Memorial
Hospital
Project,
Series
2024
5
.250
08/01/43
1,424,921
1,355,000
Deschutes
and
Jefferson
Counties
School
District
2J
Redmond,
Oregon,
General
Obligation
Bonds,
Series
2025
5
.000
06/15/44
1,462,108
915,000
Deschutes
and
Jefferson
Counties
School
District
2J
Redmond,
Oregon,
General
Obligation
Bonds,
Series
2025
5
.000
06/15/45
979,381
2,500,000
Medford
Hospital
Facilities
Authority,
Oregon,
Hospital
Revenue
Bonds,
Asante
Health
System,
Refunding
Series
2020A
5
.000
08/15/45
2,577,255
21
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
OREGON
(continued)
$
525,000
Oregon
Coast
Community
College
District,
Lincoln
County,
Oregon,
General
Obligation
Bonds,
Convertible
Deferred
Interest
Series
2024
5
.000
%
06/15/43
$
573,615
1,600,000
(b)
Oregon
Facilities
Authority
Charter
School
Revenue
Bonds,
Oregon,
Portland
Village
School
Project,
Series
2024
6
.500
12/15/44
1,573,820
1,300,000
(b)
Oregon
Facilities
Authority
Charter
School
Revenue
Bonds,
Oregon,
Portland
Village
School
Project,
Series
2024
6
.750
12/15/54
1,224,076
540,000
Oregon
Housing
and
Community
Services
Department,
Single
Family
Mortgage
Program
Revenue
Bonds,
Series
2017G,
(AMT)
3
.450
01/01/33
532,923
4,500,000
Oregon
Housing
and
Community
Services
Department,
Single
Family
Mortgage
Program
Revenue
Bonds,
Series
2025A
5
.050
07/01/50
4,582,691
2,000,000
Oregon
State,
General
Obligation
Bonds,
Article
XI-Q
State
Projects,
Refunding
&
New
Money
Series
2025A
5
.250
05/01/44
2,234,080
500,000
(b)
Port
of
Morrow,
Morrow
County
Oregon,
Full
Faith
and
Credit
Obligations,
Series
2024A
5
.150
10/01/26
500,080
TOTAL
OREGON
21,081,695
PENNSYLVANIA
-
3.7%
100,000
(b)
Allentown
Neighborhood
Improvement
Zone
Development
Authority,
Pennsylvania,
Tax
Revenue
Bonds,
City
Center
Project,
Series
2018
5
.000
05/01/33
102,592
2,885,000
(b)
Allentown
Neighborhood
Improvement
Zone
Development
Authority,
Pennsylvania,
Tax
Revenue
Bonds,
City
Center
Project,
Subordinate
Series
2022
5
.250
05/01/42
2,984,959
5,355,000
(b)
Allentown
Neighborhood
Improvement
Zone
Development
Authority,
Pennsylvania,
Tax
Revenue
Bonds,
City
Center
Refunding
Project,
Series
2017
5
.000
05/01/42
5,363,114
4,600,000
Allentown
Neighborhood
Improvement
Zone
Development
Authority,
Pennsylvania,
Tax
Revenue
Bonds,
Refunding
Forward
Delivery
Series
2022
5
.000
05/01/42
4,797,620
11,000
Berks
County
Municipal
Authority,
Pennsylvania,
Revenue
Bonds,
Tower
Health
Project,
Series
2024A-2
6
.000
06/30/34
11,661
147,000
Berks
County
Municipal
Authority,
Pennsylvania,
Revenue
Bonds,
Tower
Health
Project,
Series
2024A-3
5
.000
06/30/39
138,204
73,000
Berks
County
Municipal
Authority,
Pennsylvania,
Revenue
Bonds,
Tower
Health
Project,
Series
2024B-1
6
.000
06/30/44
54,842
23,000
Berks
County
Municipal
Authority,
Pennsylvania,
Revenue
Bonds,
Tower
Health
Project,
Taxable
Series
2024A-1
8
.000
06/30/34
23,488
2,100,000
Bucks
County
Industrial
Development
Authority,
Pennsylvania,
Revenue
Bonds,
Grand
View
Hospital,
Series
2021
5
.000
07/01/40
2,170,149
1,000,000
Cumberland
Valley
School
District,
Cumberland
County,
Pennsylvania,
General
Obligation
Bonds,
Series
2023A
-
AGM
Insured
5
.000
11/15/44
1,063,302
6,000,000
Pennsylvania
Economic
Development
Financing
Authority,
Pennsylvania,
Private
Activity
Revenue
Bonds,
The
PennDOT
Major
Bridges
Package
One
Project,
Series
2022,
(AMT)
5
.000
06/30/33
6,498,323
4,500,000
Pennsylvania
Economic
Development
Financing
Authority,
Pennsylvania,
Private
Activity
Revenue
Bonds,
The
PennDOT
Major
Bridges
Package
One
Project,
Series
2022,
(AMT)
5
.250
06/30/35
4,892,815
7,000,000
Pennsylvania
Economic
Development
Financing
Authority,
Pennsylvania,
Private
Activity
Revenue
Bonds,
The
PennDOT
Major
Bridges
Package
One
Project,
Series
2022,
(AMT)
5
.250
06/30/53
7,029,579
10,000,000
Pennsylvania
Economic
Development
Financing
Authority,
Private
Activity
Revenue
Bonds,
Pennsylvania
Rapid
Bridge
Replacement
Project,
Series
2015,
(AMT)
5
.000
06/30/42
10,003,881
3,695,000
Pennsylvania
Higher
Educational
Facilities
Authority,
Revenue
Bonds,
Thomas
Jefferson
University,
Series
2024B-1
5
.250
11/01/38
4,087,093
1,000,000
Pennsylvania
Housing
Finance
Agency,
Single
Family
Mortgage
Revenue
Bonds,
Social
Series
2023-143A
4
.800
04/01/35
1,059,632
1,215,000
South
Western
School
District
of
York
County,
Pennsylvania,
General
Obligation
Bonds,
Series
2023
5
.250
02/15/50
1,258,019
Portfolio
of
Investments
April
30,
2026
(continued)
Municipal
Total
Return
22
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
PENNSYLVANIA
(continued)
$
5,625,000
Westmoreland
County
Municipal
Authority,
Pennsylvania,
Municipal
Service
Revenue
Bonds,
Series
2025
5
.000
%
08/15/47
$
5,913,720
TOTAL
PENNSYLVANIA
57,452,993
RHODE
ISLAND
-
0.3%
4,000,000
Rhode
Island
Infrastructure
Bank,
State
Revolving
Fund
Revenue
Bonds,
Master
Trust
Green
Series
2025A
5
.250
10/01/50
4,286,171
TOTAL
RHODE
ISLAND
4,286,171
SOUTH
CAROLINA
-
1.8%
3,000,000
South
Carolina
Housing
Finance
and
Development
Authority,
Multifamily
Housing
Revenue
Bonds,
Edgewood
Place
Apartments
Series
2023A
4
.800
07/01/45
3,071,885
5,000,000
South
Carolina
Jobs-Economic
Development
Authority,
Health
Care
Facilities
Revenue
Bonds,
Novant
Health
Group,
Series
2024A
5
.500
11/01/45
5,445,412
4,000,000
South
Carolina
Jobs-Economic
Development
Authority,
Health
Care
Facilities
Revenue
Bonds,
Novant
Health
Group,
Series
2024A
5
.500
11/01/46
4,326,081
3,265,000
South
Carolina
Jobs-Economic
Development
Authority,
Health
Care
Facilities
Revenue
Bonds,
Novant
Health
Group,
Series
2024A
5
.500
11/01/50
3,460,622
250,000
South
Carolina
Jobs-Economic
Development
Authority,
Healthcare
Revenue
Bonds,
Beaufort
Memorial
Hospital
&
South
of
Broad
Healthcare
Project,
Series
2024
5
.250
11/15/39
261,447
750,000
(b)
South
Carolina
Jobs-Economic
Development
Authority,
Revenue
Bonds,
Wesley
Commons
Project,
Series
2025A
5
.500
10/01/45
766,243
2,000,000
South
Carolina
Public
Service
Authority,
Santee
Cooper
Revenue
Obligations,
Improvement
Series
2025A
5
.000
12/01/55
2,045,425
7,380,000
South
Carolina
State
Ports
Authority,
Revenue
Bonds,
Series
2019A
5
.000
07/01/44
7,599,597
870,000
South
Island
Public
Service
District,
South
Carolina,
Waterworks
and
Sewer
System
Revenue
Bonds,
Improvement
Series
2022
5
.250
04/01/42
944,280
TOTAL
SOUTH
CAROLINA
27,920,992
SOUTH
DAKOTA
-
0.0%
500,000
(f)
Sioux
Falls
School
District
49-5,
Minnehaha
and
Lincoln
Counties,
South
Dakota,
General
Obligation
Bonds,
Series
2018A,
(Pre-refunded
8/17/26)
4
.000
08/01/34
501,802
TOTAL
SOUTH
DAKOTA
501,802
TENNESSEE
-
0.4%
2,050,000
Chattanooga
Health,
Educational
and
Housing
Facility
Board,
Tennessee,
Revenue
Bonds,
CommonSpirit
Health,
Series
2019A-2
5
.000
08/01/49
2,067,958
665,000
Knox
County
Health,
Educational,
and
Housing
Facilities
Board,
Revenue
Bonds,
Provident
Group
-
UTK
Properties
LLC
-
University
of
Tennessee
Project,
Student
Housing
Series
2024A-1
-
BAM
Insured
5
.000
07/01/44
700,176
1,300,000
Metropolitan
Nashville
Airport
Authority,
Tennessee,
Airport
Improvement
Revenue
Bonds,
Series
2022A,
(AMT)
5
.500
07/01/37
1,441,395
2,160,000
Tennessee
State
School
Bond
Authority,
Higher
Educational
Facilities
Second
Program
Bonds,
Series
2022A
5
.000
11/01/47
2,267,304
TOTAL
TENNESSEE
6,476,833
TEXAS
-
9.5%
685,000
(b)
Arlington
Higher
Education
Finance
Corporation,
Texas,
Education
Revenue
Bonds,
Legacy
Traditional
Schools
-
Texas
Project,
Refunding
Series
2022A
6
.000
02/15/42
679,407
645,000
Arlington
Higher
Education
Finance
Corporation,
Texas,
Education
Revenue
Bonds,
Uplift
Education,
Series
2016A
5
.000
12/01/51
623,657
3,000,000
Austin
Independent
School
District,
Travis
County,
Texas,
General
Obligation
Bonds,
School
Building
Series
2024
5
.250
08/01/49
3,214,547
4,250,000
(d)
Austin,
Texas,
Water
and
Wastewater
System
Revenue
Bonds,
Refunding
&
Improvement
Series
2026,
(UB)
5
.000
11/15/48
4,487,407
4,105,000
(d)
Austin,
Texas,
Water
and
Wastewater
System
Revenue
Bonds,
Refunding
&
Improvement
Series
2026,
(UB)
5
.000
11/15/51
4,281,328
23
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TEXAS
(continued)
$
560,000
(b)
Austin,
Travis,
Williamson
and
Hays
Counties,
Texas,
Special
Assessment
Revenue
Bonds,
Whisper
Valley
Public
Improvement
District
Improvement
Area
3,
Series
2024
5
.000
%
11/01/44
$
562,504
1,500,000
Carrollton-Farmers
Branch
Independent
School
District,
Dallas
County,
Texas,
General
Obligation
Bonds,
School
Building
Series
2025
5
.250
02/15/55
1,581,132
550,000
(b)
City
of
Midlothian,
Texas,
Westside
Preserve
Public
Improvement
District
Improvement
Area
#1
Project
Special
Assessment
Revenue
Bonds
Series
2022
5
.250
09/15/42
561,980
5,000,000
(d)
Conroe
Independent
School
District,
Montgomery
County,
Texas,
General
Obligation
Bonds,
School
Building
Series
2026,
(UB)
4
.500
02/15/51
5,022,066
1,500,000
Dallas
Fort
Worth
International
Airport,
Texas,
Joint
Revenue
Bonds,
Refunding
&
Improvement
Series
2025A-1,
(AMT)
5
.250
11/01/39
1,654,163
276,000
(f)
Decatur
Hospital
Authority,
Texas,
Revenue
Bonds,
Wise
Regional
Health
System,
Series
2021C,
(Pre-refunded
9/01/31)
4
.000
09/01/44
290,848
750,000
(b)
Denton
County,
Texas,
Special
Assessment
Revenue
Bonds,
Tabor
Ranch
Public
Improvement
District
Improvement
Area
1
Project,
Senior
Lien
Series
2024A
5
.250
12/31/44
761,789
1,350,000
Dripping
Springs
Independent
School
District,
Hays
County,
Texas,
General
Obligation
Bonds,
School
Building
Series
2025
5
.250
02/15/55
1,423,019
2,500,000
Fort
Bend
County,
Texas,
Toll
Road
Revenue
Bonds,
Senior
Lien
Series
2025
5
.250
03/01/50
2,633,954
3,500,000
Fort
Bend
County,
Texas,
Toll
Road
Revenue
Bonds,
Senior
Lien
Series
2025
5
.250
03/01/55
3,662,882
1,000,000
Fort
Worth,
Tarrant,
Denton,
Parker,
Johnson,
and
Wise
Counties,
Texas,
Special
Tax
Revenue
Bonds,
Multipurpose
Arena
Venue
Project,
Refunding
Series
2025
5
.500
03/01/42
1,107,346
750,000
Fort
Worth,
Tarrant,
Denton,
Parker,
Johnson,
and
Wise
Counties,
Texas,
Special
Tax
Revenue
Bonds,
Multipurpose
Arena
Venue
Project,
Refunding
Series
2025
5
.500
03/01/43
824,405
650,000
Galveston,
Texas,
Wharves
and
Terminal
First
Lien
Revenue
Bonds,
Series
2024A,
(AMT)
5
.500
08/01/40
700,263
600,000
Galveston,
Texas,
Wharves
and
Terminal
First
Lien
Revenue
Bonds,
Series
2024A,
(AMT)
5
.500
08/01/41
642,812
2,500,000
Georgetown
Independent
School
District,
Williamson
County,
Texas,
General
Obligation
Bonds,
School
Building
Series
2024
4
.500
02/15/49
2,513,601
1,230,000
Hackberry,
Texas,
Combination
Special
Assessment
and
Contract
Revenue
Road
and
Utility
Bonds,
Hidden
Cove
Improvement
District
2,
Series
2017
4
.500
09/01/32
1,234,285
5,000,000
Harris
County
Hospital
District,
Texas,
General
Obligation
Bonds,
Limited
Tax
Series
2025
5
.250
02/15/50
5,308,413
2,340,000
Highland
Park
Independent
School
District,
Potter
County,
Texas,
General
Obligation
Bonds,
School
Building
Series
2023
5
.250
02/15/42
2,569,972
5,000,000
Houston,
Texas,
Airport
System
Revenue
Bonds,
Refunding
Subordinate
Lien
Series
2023A
-
AGM
Insured,
(AMT)
5
.250
07/01/41
5,414,619
2,475,000
Houston,
Texas,
Airport
System
Special
Facilities
Revenue
Bonds,
United
Airlines,
Inc.
Terminal
Improvements
Project,
Series
2024B,
(AMT)
5
.500
07/15/35
2,677,351
8,000,000
(d)
Houston,
Texas,
Combined
Utility
System
Revenue
Bonds,
Combined
First
Lien
Refunding
Series
2024A,
(UB)
5
.250
11/15/49
8,593,762
2,690,000
Houston,
Texas,
Hotel
Occupancy
Tax
and
Special
Revenue
Bonds,
Convention
and
Entertainment
Facilities
Department,
Refunding
First
Lien
Series
2026C
5
.250
09/01/51
2,846,607
6,000,000
Kerrville
Public
Utility
Board
Public
Facility
Corporation,
Texas,
Power
Supply
Revenue
Bonds,
Series
2025A
-
BAM
Insured
5
.250
04/15/46
6,372,915
250,000
(b)
Lavon,
Texas,
Special
Assessment
Revenue
Bonds,
Lavon
Trails
Public
Improvement
District
Project,
Series
2025
6
.000
09/15/54
257,896
2,145,000
Lower
Colorado
River
Authority,
Texas,
Transmission
Contract
Revenue
Bonds,
LCRA
Transmission
Services
Corporation
Project,
Refunding
&
Improvement
Series
2026
5
.250
05/15/56
2,245,804
1,500,000
Memorial
City
Redevelopment
Authority,
Texas,
Tax
Increment
Contract
Revenue
Bonds,
Series
2025
5
.000
09/01/45
1,574,280
Portfolio
of
Investments
April
30,
2026
(continued)
Municipal
Total
Return
24
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TEXAS
(continued)
$
1,300,000
(b)
Mission
Economic
Development
Corporation,
Texas,
Revenue
Bonds,
Natgasoline
Project,
Senior
Lien
Series
2018,
(AMT)
4
.625
%
10/01/31
$
1,303,207
150,000
(a)
Mission
Economic
Development
Corporation,
Texas,
Solid
Waste
Disposal
Revenue
Bonds,
Graphic
Packaging
International,
LLC
Project,
Green
Series
2025,
(AMT),
(Mandatory
Put
6/01/30)
5
.000
12/01/64
156,270
750,000
(g)
New
Hope
Cultural
Education
Facilities
Finance
Corporation,
Texas,
Student
Housing
Revenue
Bonds,
NCCD
-
College
Station
Properties
LLC
-
Texas
A&M
University
Project,  Series
2015A
5
.000
07/01/30
739,515
1,500,000
North
East
Regional
Mobility
Authority,
Texas,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2025A
5
.250
01/01/45
1,597,815
915,000
North
East
Regional
Mobility
Authority,
Texas,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2025A
5
.250
01/01/46
968,590
6,595,000
(d)
Northwest
Independent
School
District,
Denton,
Tarrant
and
Wise
Counties,
Texas,
General
Obligation
Bonds,
School
Building
Series
2025,
(UB)
5
.250
02/15/55
6,932,154
800,000
Reagan
Hospital
District
of
Reagan
County,
Texas,
Limited
Tax
Revenue
Bonds,
Series
2014A
5
.000
02/01/29
800,172
2,185,000
Tarrant
County
Cultural
Education
Facilities
Finance
Corporation,
Texas,
Hospital
Revenue
Bonds,
Scott
&
White
Healthcare
Project,
Series
2022D
5
.500
11/15/47
2,329,935
3,850,000
Tarrant
County
Cultural
Education
Facilities
Finance
Corporation,
Texas,
Retirement
Facility
Revenue
Bonds,
Buckner
Senior
Living
Ventana
Project,
Series
2017A
6
.625
11/15/37
3,902,835
6,000,000
Tarrant
County
Cultural
Education
Facilities
Finance
Corporation,
Texas,
Revenue
Bonds,
Texas
Health
Resources
System,
Series
2016A
5
.000
02/15/47
6,015,556
5,000,000
(d)
Tarrant
County
Cultural
Education
Facilities
Finance
Corporation,
Texas,
Revenue
Bonds,
Texas
Health
Resources
System,
Series
2025A,
(UB)
5
.000
11/15/49
5,179,282
2,250,000
Tarrant
County
Hospital
District,
Texas,
General
Obligation
Bonds,
Limited
Tax
Series
2023
5
.250
08/15/40
2,455,684
5,000,000
Texas
Department
of
Housing
and
Community
Affairs,
Single
Family
Mortgage
Revenue
Bonds,
Series
2022B
5
.250
09/01/52
5,104,327
4,905,000
Texas
Department
of
Housing
and
Community
Affairs,
Single
Family
Mortgage
Revenue
Bonds,
Series
2022B
6
.000
03/01/53
5,351,201
2,700,000
Texas
Private
Activity
Bond
Surface
Transpiration
Corporation,
Senior
Lien
Revenue
Bonds,
NTE
Mobility
Partners
Segments
3
LLC
Refunding
Series
2023,
(AMT)
5
.250
12/31/36
2,849,395
2,450,000
Texas
Private
Activity
Bond
Surface
Transportation
Corporation,
Senior
Lien
Revenue
Bonds,
LBJ
Infrastructure
Group
LLC
IH-
635
Managed
Lanes
Project,
Refunding  Series
2020A
4
.000
12/31/32
2,493,812
7,000,000
Texas
Private
Activity
Bond
Surface
Transportation
Corporation,
Senior
Lien
Revenue
Bonds,
NTE
Mobility
Partners
Segments
3
LLC
Segments
3C
Project,
Series
2019,
(AMT)
5
.000
06/30/58
6,941,708
2,000,000
Texas
State
Technical
College
System,
Financing
System
Revenue
Bonds,
Improvement
Series
2022A
-
AGM
Insured
6
.000
08/01/54
2,169,860
10,000,000
(d)
Texas
Water
Development
Board,
State
Water
Implementation
Revenue
Fund
Bonds,
Master
Trust
Series
2025,
(UB)
4
.750
10/15/55
10,022,822
1,500,000
(d)
Texas
Water
Development
Board,
State
Water
Implementation
Revenue
Fund
Bonds,
Master
Trust
Series
2025,
(UB)
4
.800
10/15/56
1,507,645
400,000
(b)
Town
of
Lakewood
Village,
Texas,
Lakewood
Village
Public
Improvement
District
Improvement
District
No.
1
Project
Special
Assessment
Revenue
Bonds
Series
2022
5
.250
09/15/42
411,140
2,125,000
Upper
Trinity
Regional
Water
District,
Texas,
Regional
Treated
Water
Supply
System
Revenue
Bonds,
Refunding
Series
2025
-
BAM
Insured
5
.500
08/01/50
2,266,967
TOTAL
TEXAS
147,824,906
25
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
UTAH
-
4.0%
$
1,500,000
(b)
Black
Desert
Public
Infrastructure
District,
Utah,
Limited
Tax
General
Obligation
Bonds
Series
2021A
4
.000
%
03/01/51
$
1,234,247
265,000
(b)
Black
Desert
Public
Infrastructure
District,
Washington
County,
Utah,
Special
Assessment
Bonds,
Black
Desert
Assessment
Area
1,
Series
2024
5
.625
12/01/53
269,667
2,000,000
Downtown
Revitalization
Public
Infrastructure
District,
Utah,
Sales
Tax
Revenue
Bonds,
Seg
Redevelopment
Project,
First
Lien
Series
2025A
5
.500
06/01/50
2,172,520
1,000,000
Downtown
Revitalization
Public
Infrastructure
District,
Utah,
Sales
Tax
Revenue
Bonds,
Seg
Redevelopment
Project,
First
Lien
Series
2025A
5
.500
06/01/55
1,071,490
1,400,000
Downtown
Revitalization
Public
Infrastructure
District,
Utah,
Sales
Tax
Revenue
Bonds,
SEG
Redevelopment
Project,
Second
Lien
Series
2025B
5
.250
06/01/44
1,541,226
250,000
Downtown
Revitalization
Public
Infrastructure
District,
Utah,
Sales
Tax
Revenue
Bonds,
SEG
Redevelopment
Project,
Second
Lien
Series
2025B
5
.250
06/01/45
272,628
1,000,000
Downtown
Revitalization
Public
Infrastructure
District,
Utah,
Sales
Tax
Revenue
Bonds,
SEG
Redevelopment
Project,
Second
Lien
Series
2025B
5
.500
06/01/50
1,086,260
650,000
(b)
Downtown
Revitalization
Public
Infrastructure
District,
Utah,
Sales
Tax
Revenue
Bonds,
SEG
Redevelopment
Project,
Subordinate
Lien
Series
2025C
5
.000
07/15/35
652,742
322,509
(b)
Firefly
Public
Infrastructure
District
1,
Utah,
Limited
Tax
General
Obligation
Bonds,
Series
2024A-1
5
.625
12/01/43
331,059
2,570,000
(b)
GLH
Public
Infrastructure
District
1,
Utah,
Limited
Tax
General
Obligation
Bonds,
Series
2025
6
.875
03/01/55
2,726,812
2,450,000
Herber
Light
and
Power
Company,
Utah,
Electric
Revenue
Bonds,
Series
2023
-
BAM
Insured
5
.000
12/15/47
2,527,786
2,060,000
(b)
High
Star
Ranch
Infrastructure
Financing
District,
Utah,
Special
Assessment
Bonds,
High
Star
Ranch
Assessment
Area,
Series
2026
6
.250
12/01/55
2,072,825
1,275,000
(b)
Jordanelle
Ridge
Public
Infrastructure
District
2,
Utah,
General
Obligation
Bonds,
Limited
Tax
Series
2023A
7
.750
03/01/54
1,331,612
4,490,000
Lehi
Local
Building
Authority,
Utah,
Lease
Revenue
Bonds,
Series
2022
5
.250
06/15/47
4,711,741
4,060,000
Lehi
Local
Building
Authority,
Utah,
Lease
Revenue
Bonds,
Series
2022
5
.500
06/15/49
4,302,061
450,000
Lehi,
Utah,
Franchise
and
Sales
Tax
Revenue
Bonds,
Broadband
Project,
Series
2025
-
BAM
Insured
5
.250
02/01/49
471,491
1,750,000
Lehi,
Utah,
Franchise
and
Sales
Tax
Revenue
Bonds,
Broadband
Project,
Series
2025
-
BAM
Insured
5
.250
02/01/55
1,820,238
1,955,000
(b)
MIDA
Military
Installation
Development
Authority
Golf
and
Equestrian
Center
Public
Infrastructure
District,
Utah,
Limited
Tax
and
Tax
Allocation
Revenue
Bonds,
Series
2021
4
.500
06/01/51
1,690,902
1,250,000
(b)
MIDA
Mountain
Village
Public
Infrastructure
District,
Utah,
Tax
Allocation
Revenue
Bonds,
Series
2025-1
5
.500
06/01/50
1,265,961
3,000,000
Military
Installation
Development
Authority,
Utah,
Tax
Allocation
Revenue
Bonds
Series
2021A-2
4
.000
06/01/52
2,500,121
4,800,000
(b)
Nordic
Village
Public
Infrastructure
District
1,
Weber
County,
Utah,
Limited
Tax
General
Obligation
and
Special
Revenue
Bonds,
Series
2025
6
.500
03/01/55
4,957,328
750,000
(b)
Northwest
Quadrant
Public
Infrastructure
District,
Utah,
Limited
Tax
General
Obligation
Bonds,
Series
2025A
6
.125
03/01/56
757,500
1,375,000
Ogden
City
Municipal
Building
Authority,
Utah,
Lease
Revenue
Bonds,
Series
2023A
5
.000
01/15/48
1,412,742
1,408,572
Peaks
Public
Infrastructure
District,
Morgan
County,
Utah,
Special
Assessment
Revenue
Bonds,
Series
2024
5
.250
12/01/53
1,356,538
1,000,000
(b)
Ridges
Estates
Infrastructure
Financing
District,
Utah,
Special
Assessment
Bonds,
Alpine
Hollow
Assessment
Area,
Series
2025
6
.250
12/01/53
1,033,599
1,715,000
Salt
Lake
City,
Utah,
Airport
Revenue
Bonds,
International
Airport
Series
2023A,
(AMT)
5
.250
07/01/43
1,841,284
Portfolio
of
Investments
April
30,
2026
(continued)
Municipal
Total
Return
26
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
UTAH
(continued)
$
1,925,000
(b)
Sawmill
Infrastructure
Financing
District,
Utah,
Special
Assessment
Bonds,
Sawmill
Assessment
Area,
Series
2025
6
.000
%
12/01/54
$
1,997,321
850,000
(b)
Soleil
Hills
Public
Infrastructure
District
No.
1,
Utah,
Limited
Tax
General
Obligation
and
Special
Revenue
Bonds,
Series
2025A
5
.875
03/01/55
852,962
1,190,000
Utah
Telecommunication
Open
Infrastructure
Agency,
Utah,
Revenue
Bonds,
Refunding
Sales
Tax
and
Telecommunication
Series
2022
5
.500
06/01/40
1,321,807
1,000,000
(b)
Ventana
Resort
Village
Public
Infrastructure
District,
Utah,
General
Obligation
Bonds,
Limited
Tax
Series
2024
5
.500
03/01/54
994,809
2,220,000
(b)
Verk
Industrial
Regional
Public
Infrastructure
District,
Utah,
Tax
Differential
Revenue
Bonds,
Series
2025
6
.625
09/01/47
2,359,088
8,820,000
Wasatch
County
School
District
Local
Building
Authority,
Utah,
Lease
Revenue
Bonds,
Board
of
Education
Series
2022
5
.500
06/01/47
9,444,675
TOTAL
UTAH
62,383,042
VIRGIN
ISLANDS
-
0.7%
4,000,000
Virgin
Islands
Hotel
Development
Financing
Corporation,
Hotel
Revenue
Bonds
Frenchman's
Reef
Hotel
Acquisition
Project,
Senior
Lien
Series
2025A-1
5
.000
02/01/38
3,944,253
3,700,000
Virgin
Islands
Hotel
Development
Financing
Corporation,
Hotel
Revenue
Bonds
Frenchman's
Reef
Hotel
Acquisition
Project,
Senior
Lien
Series
2025A-1
5
.750
02/01/45
3,712,646
3,500,000
Virgin
Islands
Hotel
Development
Financing
Corporation,
Hotel
Revenue
Bonds
Frenchman's
Reef
Hotel
Acquisition
Project,
Senior
Lien
Series
2025A-1
6
.000
12/01/55
3,480,826
TOTAL
VIRGIN
ISLANDS
11,137,725
VIRGINIA
-
3.2%
13,200,000
Chesapeake
Bay
Bridge
and
Tunnel
District,
Virginia,
General
Resolution
Revenue
Bonds,
First
Tier
Series
2016
5
.000
07/01/46
13,200,888
415,000
James
City
County
Economic
Development
Authority,
Virginia,
Residential
Care
Facility
Revenue
Bonds,
Williamsburg
Landing
Inc.,
Series
2024A
6
.750
12/01/53
451,075
350,000
James
City
County
Economic
Development
Authority,
Virginia,
Residential
Care
Facility
Revenue
Bonds,
Williamsburg
Landing
Inc.,
Series
2024A
6
.875
12/01/58
381,279
1,400,000
(b)
Powhatan
County
Economic
Development
Authority,
Virginia,
Grant
Revenue
Bonds,
Chesterfield
Hotel
Project,
Senior
Series
2025A
6
.125
09/01/60
1,392,453
2,200,000
Virginia
Beach
Development
Authority,
Virginia,
Residential
Care
Facility
Revenue
Bonds,
Westminster
Canterbury
on
Chesapeake
Bay,
Series
2023A
6
.500
09/01/43
2,427,299
310,000
Virginia
Housing
Development
Authority,
Commonwealth
Mortgage
Bonds,
Series
2023E-5
4
.500
07/01/45
307,351
5,210,000
Virginia
Public
School
Authority,
School
Financing
Bonds,
1997
Resolution,
Refunding
Series
2016A
2
.000
08/01/27
5,119,362
1,000,000
Virginia
Small
Business
Finance
Authority,
Healthcare
Facilities
Revenue
Bonds,
Mary
Washington
Healthcare,
Refunding
Series
2025A-1
5
.000
06/15/43
1,066,361
13,440,000
Virginia
Small
Business
Financing
Authority,
Private
Activity
Revenue
Bonds,
Transform
66
P3
Project,
Senior
Lien
Series
2017,
(AMT)
5
.000
12/31/49
13,160,508
500,000
Virginia
Small
Business
Financing
Authority,
Revenue
Bonds,
95
Express
Lanes
LLC
Project,
Refunding
Senior
Lien
Series
2022,
(AMT)
5
.000
01/01/38
522,985
300,000
Virginia
Small
Business
Financing
Authority,
Revenue
Bonds,
95
Express
Lanes
LLC
Project,
Refunding
Senior
Lien
Series
2022,
(AMT)
5
.000
06/30/38
315,194
5,000,000
Virginia
Small
Business
Financing
Authority,
Revenue
Bonds,
95
Express
Lanes
LLC
Project,
Refunding
Senior
Lien
Series
2022,
(AMT)
5
.000
12/31/47
5,041,229
1,300,000
Virginia
Small
Business
Financing
Authority,
Revenue
Bonds,
Elizabeth
River
Crossing
OPCO,
LLC
Project,
Refunding
Senior
Lien
Series
2022,
(AMT)
4
.000
01/01/32
1,319,958
27
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
VIRGINIA
(continued)
$
4,000,000
Virginia
Small
Business
Financing
Authority,
Virginia,
Residential
Care
Facility
Revenue
Bonds,
Lifespire,
Refunding
Series
2024A
5
.500
%
12/01/54
$
4,138,854
TOTAL
VIRGINIA
48,844,796
WASHINGTON
-
3.4%
1,000,000
Camas,
Washington,
Water
and
Sewer
Revenue
Bonds,
Refunding
Series
2025
5
.250
12/01/55
1,046,302
2,500,000
Grant
County
Public
Hospital
District
2,
Washington,
General
Obligation
Bonds,
Quincy
Valley
Medical
Center,
Series
2023
5
.000
12/01/38
2,578,896
5,000,000
Jefferson
County
Public
Hospital
District
2,
Washington,
Hospital
Revenue
Bonds,
Refunding
Series
2023A
6
.875
12/01/53
5,166,946
5,500,000
(d)
King
County
Public
Hospital
District
2,
Washington,
General
Obligation
Bonds,
Evergreen
Healthcare,
Limited
Tax
Series
2026,
(UB)
5
.500
12/01/54
5,847,150
1,930,000
King
County
Public
Hospital
District
2,
Washington,
General
Obligation
Bonds,
EvergreenHealth,
Limited
Tax
Series
2024
5
.000
12/01/42
2,065,971
2,765,000
King
County
Public
Hospital
District
2,
Washington,
General
Obligation
Bonds,
EvergreenHealth,
Limited
Tax
Series
2024
5
.250
12/01/45
2,942,824
3,335,000
(d)
King
County
Public
Hospital
District
2,
Washington,
General
Obligation
Bonds,
EvergreenHealth,
Limited
Tax
Taxable
Refunding
Series
2026,
(UB)
5
.500
12/01/50
3,570,783
4,000,000
Kitsap
County
School
District
100C
Bremerton,
Washington,
General
Obligation
Bonds,
Series
2024
5
.250
12/01/47
4,248,164
1,000,000
Port
Vancouver,
Washington,
General
Obligation
Bonds,
Limited
Tax
Series
2025,
(AMT)
5
.125
12/01/55
1,022,217
700,000
Skagit
County
Public
Hospital
District
1,
Washington,
Revenue
Bonds,
Skagit
Regional
Health,
Series
2024
5
.500
12/01/41
750,981
550,000
Skagit
County
Public
Hospital
District
1,
Washington,
Revenue
Bonds,
Skagit
Regional
Health,
Series
2024
5
.500
12/01/43
583,723
3,855,000
Washington
Health
Care
Facilities
Authority,
Revenue
Bonds,
Central
Washington
Health
Services
Association,
Refunding
Series
2015
5
.000
07/01/39
3,856,355
5,000,000
(d)
Washington
Health
Care
Facilities
Authority,
Revenue
Bonds,
CommonSpirit
Health,
Series
2025A,
(UB)
5
.250
09/01/50
5,244,059
5,030,000
Washington
Health
Care
Facilities
Authority,
Revenue
Bonds,
Providence
Health
&
Services,
Refunding
Series
2012A
5
.000
10/01/42
5,031,289
7,000,000
Washington
State
Convention
Center
Public
Facilities
District,
Lodging
Tax
Revenue
Bonds,
Series
2018
5
.000
07/01/58
6,930,711
1,250,000
Whatcom
County
Public
Utility
District
1,
Washington,
General
Obligation
Bonds,
Limited
Tax
Series
2025A
-
BAM
Insured,
(AMT)
5
.500
12/01/43
1,353,185
TOTAL
WASHINGTON
52,239,556
WEST
VIRGINIA
-
1.0%
790,000
(a)
West
Virginia
Economic
Development
Authority,
Solid
Waste
Disposal
Facilities
Revenue
Bonds,
Appalachian
Power
Company
-
Amos
Project,
Series
2009A,
(Mandatory
Put
6/01/28)
3
.700
12/01/42
804,814
1,000,000
(a),(b)
West
Virginia
Economic
Development
Authority,
Solid
Waste
Disposal
Facilities
Revenue
Bonds,
Core
Natural
Resources,
INC
Project,
AMT
Series
2025,
(AMT),
(Mandatory
Put
5/15/32)
4
.625
04/15/55
1,023,817
500,000
West
Virginia
Hospital
Finance
Authority,
Hospital
Revenue
Bonds,
Cabell
Huntington
Hospital,
Inc.
Project,
Refunding
&
Improvement
Series
2018A
5
.000
01/01/29
506,744
600,000
West
Virginia
Hospital
Finance
Authority,
Hospital
Revenue
Bonds,
Cabell
Huntington
Hospital,
Inc.
Project,
Refunding
&
Improvement
Series
2018A
5
.000
01/01/35
602,041
2,250,000
West
Virginia
Hospital
Finance
Authority,
Hospital
Revenue
Bonds,
Cabell
Huntington
Hospital,
Inc.
Project,
Refunding
&
Improvement
Series
2018A
5
.000
01/01/43
2,138,747
3,780,000
West
Virginia
Hospital
Finance
Authority,
Revenue
Bonds,
West
Virginia
University
Health
System
Obligated
Group,
Improvement
Series
2017A
5
.000
06/01/47
3,803,268
Portfolio
of
Investments
April
30,
2026
(continued)
Municipal
Total
Return
28
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
WEST
VIRGINIA
(continued)
$
2,000,000
West
Virginia
Hospital
Finance
Authority,
Revenue
Bonds,
West
Virginia
University
Health
System
System
Obligated
Group,
Improvement
Series
2025A
5
.250
%
06/01/44
$
2,149,510
1,755,000
West
Virginia
Hospital
Finance
Authority,
Revenue
Bonds,
West
Virginia
University
Health
System
System
Obligated
Group,
Improvement
Series
2025A
5
.250
06/01/45
1,865,820
2,000,000
West
Virginia
Hospital
Finance
Authority,
Revenue
Bonds,
West
Virginia
University
Health
System
System
Obligated
Group,
Improvement
Series
2025A
5
.500
06/01/50
2,112,530
TOTAL
WEST
VIRGINIA
15,007,291
WISCONSIN
-
3.5%
1,750,000
Public
Finance
Authority
of
Wisconsin,
Charter
School
Revenue
Bonds,
Mountain
Island
Charter
School,
North
Carolina,
Series
2017B
5
.000
07/01/47
1,655,343
3,500,000
Public
Finance
Authority
of
Wisconsin,
Hospital
Revenue
Bonds,
Renown
Regional
Medical
Center
Project,
Refunding
Series
2016A
5
.000
06/01/40
3,502,293
10,000,000
Public
Finance
Authority
of
Wisconsin,
Hospital
Revenue
Bonds,
Renown
Regional
Medical
Center
Project,
Series
2025A
5
.500
06/01/55
10,442,196
1,500,000
Public
Finance
Authority
of
Wisconsin,
Hotel
Revenue
Bonds,
Grand
Hyatt
San
Antonio
Hotel
Acquisition
Project,
Senior
Lien
Series
2022A
5
.000
02/01/42
1,544,024
2,000,000
Public
Finance
Authority
of
Wisconsin,
Hotel
Revenue
Bonds,
Grand
Hyatt
San
Antonio
Hotel
Acquisition
Project,
Senior
Lien
Series
2022A
5
.000
02/01/52
1,971,062
6,475,000
Public
Finance
Authority
of
Wisconsin,
Hotel
Revenue
Bonds,
Grand
Hyatt
San
Antonio
Hotel
Acquisition
Project,
Senior
Lien
Series
2022A
5
.000
02/01/62
6,283,367
1,000,000
Public
Finance
Authority
of
Wisconsin,
Project
Revenue
Bonds,
CFP3
-
Eastern
Michigan
University
Student
Housing
Project,
Series
2022A-1
-
BAM
Insured
5
.250
07/01/36
1,104,796
1,100,000
Public
Finance
Authority,
Wisconsin,
Educational
Revenue
Bonds,
Lake
Norman
Charter
School,
Series
2024A
5
.000
06/15/64
1,004,088
8,315,000
(b)
Public
Finance
Authority,
Wisconsin,
Tax
Increment
Revenue
Senior
Bonds,
World
Center
Project
Series
2024A
5
.000
06/01/41
8,356,785
5,000,000
Public
Finance
Authority,
Wisconsin,
Toll
Revenue
Bonds,
Georgia
SR
400
Express
Lanes
Project,
Senior
Lien
Series
2025
5
.750
06/30/60
5,127,603
6,105,000
Wisconsin
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Bellin
Memorial
Hospital
Incorporated
Series
2022A
5
.500
12/01/52
6,496,729
1,935,000
Wisconsin
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Bellin
Memorial
Hospital
Incorporated
Series
2022B
5
.250
12/01/48
2,041,107
1,500,000
Wisconsin
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Marshfield
Clinic
Health
System,
Inc.,
Series
2017C
5
.000
02/15/47
1,503,541
2,410,000
Wisconsin
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Marshfield
Clinic,
Series
2016B
5
.000
02/15/34
2,412,812
TOTAL
WISCONSIN
53,445,746
TOTAL
MUNICIPAL
BONDS
(Cost
$1,614,701,850)
1,638,812,181
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$1,614,701,850)
1,638,812,181
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM
INVESTMENTS
-
 0.2%
2555000
MUNICIPAL
BONDS
-
0
.2
%
2555000
COLORADO
-
0.1%
1,230,000
(h)
Colorado
Springs,
Colorado,
Utilities
System
Revenue
Bonds,
Variable
Rate
Demand
Subordinate
Lien
Improvement
Series
2006B
3
.050
11/01/36
1,230,000
TOTAL
COLORADO
1,230,000
29
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW
YORK
-
0.1%
$
1,325,000
(h)
Battery
Park
City
Authority,
New
York,
Revenue
Bonds,
Adjustable
Rate
Junior
Series
2019D-2
3
.350
%
11/01/38
$
1,325,000
TOTAL
NEW
YORK
1,325,000
TOTAL
MUNICIPAL
BONDS
(Cost
$2,555,000)
2,555,000
TOTAL
SHORT-TERM
INVESTMENTS
(Cost
$2,555,000)
2,555,000
TOTAL
INVESTMENTS
-
105
.9
%
(Cost
$
1,617,256,850
)
1,641,367,181
FLOATING
RATE
OBLIGATIONS
-
(8.0)%
(
124,005,000
)
OTHER
ASSETS
&
LIABILITIES,
NET
-  2.1%
33,286,326
NET
ASSETS
-
100%
$
1,550,648,507
AMT
Alternative
Minimum
Tax
ETM
Escrowed
to
maturity
UB
Underlying
bond
of
an
inverse
floating
rate
trust
reflected
as
a
financing
transaction.
Inverse
floating
rate
trust
is
a
Recourse
Trust
unless
otherwise
noted.
(a)
Floating
or
variable
rate
security
includes
the
reference
rate
and
spread,
when
applicable.  For
mortgage-backed
or
asset-backed
securities
the
variable
rate
is
based
on
the
underlying
asset
of
the
security.
Coupon
rate
reflects
the
rate
at
period
end.
(b)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
fiscal
period,
the
aggregate
value
of
these
securities
is
$172,489,899
or
10.5%
of
Total
Investments.
(c)
When-issued
or
delayed
delivery
security.
(d)
Investment,
or
portion
of
investment,
has
been
pledged
to
collateralize
the
net
payment
obligations
for
investments
in
inverse
floating
rate
transactions.
(e)
Step-up
coupon
bond,
a
bond
with
a
coupon
that
increases
("steps
up"),
usually
at
regular
intervals,
while
the
bond
is
outstanding.
The
rate
shown
is
the
coupon
as
of
the
end
of
the
fiscal
period.
(f)
Backed
by
an
escrow
or
trust
containing
sufficient
U.S.
Government
or
U.S.
Government
agency
securities,
which
ensure
the
timely
payment
of
principal
and
interest.
(g)
Defaulted
security.
A
security
whose
issuer
has
failed
to
fully
pay
principal
and/or
interest
when
due,
or
is
under
the
protection
of
bankruptcy.
(h)
Investment
has
a
maturity
of
greater
than
one
year,
but
has
variable
rate
and/or
demand
features
which
qualify
it
as
a
short-term
investment.
The
rate
disclosed,
as
well
as
the
reference
rate
and
spread,
where
applicable,
is
that
in
effect
as
of
the
end
of
the
reporting
period.
This
rate
changes
periodically
based
on
market
conditions
or
a
specified
market
index.
Portfolio
of
Investments
April
30,
2026
(continued)
Municipal
Total
Return
30
Municipal
Total
Return
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
$
1,638,812,181
$
$
1,638,812,181
Short-Term
Investments:
Municipal
Bonds
2,555,000
2,555,000
Total
$
$
1,641,367,181
$
$
1,641,367,181
31
Portfolio
of
Investments
April
30,
2026
Core
Impact
Bond
(Unaudited)
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LONG-TERM
INVESTMENTS
-
98.5%
ASSET-BACKED
SECURITIES
-
4.1%
$
59,942
(a)
GoodLeap
Sustainable
Home
Solutions
Trust
2021-3,
Series
2021
3CS
2.100
%
05/20/48
$
46,346
106,986
(a)
GoodLeap
Sustainable
Home
Solutions
Trust
2021-4,
Series
2021
4GS
2.360
07/20/48
57,973
111,636
(a)
Loanpal
Solar
Loan
2021-2
Ltd,
Series
2021
2GS
2.220
03/20/48
89,780
84,401
(a)
Mosaic
Solar
Loan
Trust
2020-2,
Series
2020
2A
1.440
08/20/46
71,189
106,781
(a)
Mosaic
Solar
Loan
Trust
2021-3,
Series
2021
3A
1.920
06/20/52
76,702
250,000
(a)
Sabal
Issuer
2026-1
LLC,
Series
2026
1A
6.000
05/02/61
246,575
206,040
(a)
Tesla
Auto
Lease
Trust
2024-B,
Series
2024
B
4.820
10/20/27
206,465
16,389
(a)
Vivint
Solar
Financing
V
LLC,
Series
2018
1A
7.370
04/30/48
16,114
185,498
(a)
Vivint
Solar
Financing
VII
LLC,
Series
2020
1A
2.210
07/31/51
172,217
TOTAL
ASSET-BACKED
SECURITIES
(Cost
$1,125,943)
983,361
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
11497399
CORPORATE
BONDS
-
48.3%
(b)
11497399
BANKS
-
12.6%
500,000
(a)
ABN
AMRO
Bank
NV
2.470
12/13/29
473,604
200,000
(c),(d)
African
Development
Bank
5.750
N/A
195,481
150,000
Asian
Infrastructure
Investment
Bank/The
4.500
01/16/30
152,653
140,000
Asian
Infrastructure
Investment
Bank/The
4.500
05/21/35
141,394
250,000
Credit
Agricole
Corporate
&
Investment
Bank
SA
4.570
08/25/30
246,624
250,000
Inter-American
Development
Bank
3.802
11/12/30
244,525
500,000
(e)
Inter-American
Development
Bank
(SOFR
Compounded
Index
+
0.170%)
3.823
09/16/26
500,035
100,000
International
Bank
for
Reconstruction
&
Development
1.123
03/31/32
98,390
250,000
International
Bank
for
Reconstruction
&
Development
2.410
11/02/40
247,283
175,000
(a)
International
Development
Association
4.500
02/12/35
176,344
225,000
(a)
International
Development
Association
4.000
06/11/30
224,611
300,000
M&T
Bank
Corp
4.833
01/16/29
301,188
TOTAL
BANKS
3,002,132
CAPITAL
GOODS
-
1.7%
200,000
Conservation
Fund
A
Nonprofit
Corp/The
3.474
12/15/29
190,844
250,000
Johnson
Controls
International
plc
/
Tyco
Fire
&
Security
Finance
SCA
1.750
09/15/30
222,582
TOTAL
CAPITAL
GOODS
413,426
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
1.5%
200,000
(a)
Amazon
Conservation
DAC
6.034
01/16/42
202,460
250,000
Rockefeller
Foundation/The
2.492
10/01/50
150,320
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
352,780
CONSUMER
SERVICES
-
1.7%
250,000
Bush
Foundation
2.754
10/01/50
152,241
100,000
Massachusetts
Higher
Education
Assistance
Corp
2.673
07/01/31
87,835
200,000
Starbucks
Corp
4.450
08/15/49
163,057
TOTAL
CONSUMER
SERVICES
403,133
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
-
1.6%
225,000
(a)
Alimentation
Couche-Tard
Inc
3.625
05/13/51
157,050
250,000
Sysco
Corp
2.400
02/15/30
230,283
TOTAL
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
387,333
ENERGY
-
1.1%
250,000
Arab
Energy
Fund
/The,
Reg
S
5.428
05/02/29
255,835
TOTAL
ENERGY
255,835
FINANCIAL
SERVICES
-
8.6%
500,000
CIF
Capital
Markets
Mechanism
PLC,
Reg
S
4.750
01/22/28
505,011
250,000
(a),(f)
Equitable
Financial
Life
Global
Funding
1.300
07/12/26
248,594
100,000
European
Investment
Bank
3.750
02/14/33
97,206
250,000
HA
Sustainable
Infrastructure
Capital
Inc
6.375
07/01/34
256,030
100,000
(d)
HA
Sustainable
Infrastructure
Capital
Inc
7.125
11/15/56
100,948
Portfolio
of
Investments
April
30,
2026
(continued)
Core
Impact
Bond
32
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
FINANCIAL
SERVICES
(continued)
$
125,000
(a)
HAT
Holdings
I
LLC
/
HAT
Holdings
II
LLC
3.750
%
09/15/30
$
115,638
100,000
Kreditanstalt
fuer
Wiederaufbau
4.375
02/28/34
100,551
45,000
Low
Income
Investment
Fund
3.386
07/01/26
44,856
50,000
NHP
Foundation/The
6.000
12/01/33
52,902
263,000
(a)
Starwood
Property
Trust
Inc
6.500
10/15/30
270,497
246,972
(a)
WLB
Asset
VI
Pte
Ltd
7.250
12/21/27
255,446
TOTAL
FINANCIAL
SERVICES
2,047,679
FOOD,
BEVERAGE
&
TOBACCO
-
0.7%
250,000
PepsiCo
Inc
2.875
10/15/49
160,896
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
160,896
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
0.6%
250,000
Seattle
Children's
Hospital
2.719
10/01/50
151,690
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
151,690
MATERIALS
-
1.5%
350,000
Air
Products
and
Chemicals
Inc
4.800
03/03/33
352,964
TOTAL
MATERIALS
352,964
MEDIA
&
ENTERTAINMENT
-
2.1%
500,000
Comcast
Corp
4.650
02/15/33
494,080
TOTAL
MEDIA
&
ENTERTAINMENT
494,080
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
1.0%
250,000
Apple
Inc
3.000
06/20/27
247,428
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
247,428
TELECOMMUNICATION
SERVICES
-
1.8%
250,000
(a)
QTS
Fayetteville
I
Dc1-2
LLC
/
QTS
TRS
Fayetteville
I
DC1-2
LLC
5.700
04/15/36
243,150
250,000
Verizon
Communications
Inc
2.850
09/03/41
175,651
TOTAL
TELECOMMUNICATION
SERVICES
418,801
UTILITIES
-
11.8%
250,000
(a)
ContourGlobal
Power
Holdings
SA
6.750
02/28/30
253,750
200,000
Duke
Energy
Progress
LLC
4.000
04/01/52
151,054
250,000
MidAmerican
Energy
Co
3.150
04/15/50
166,213
250,000
Northern
States
Power
Co/MN
2.900
03/01/50
161,273
250,000
Pacific
Gas
and
Electric
Co
6.700
04/01/53
260,165
250,000
PG&E
Recovery
Funding
LLC
5.231
06/01/42
249,684
100,000
Public
Service
Co
of
Oklahoma
2.200
08/15/31
87,932
100,000
Public
Service
Electric
and
Gas
Co
5.125
03/15/53
91,275
400,000
(a)
RWE
Finance
US
LLC
5.875
04/16/34
413,844
162,092
(a)
Solar
Star
Funding
LLC
5.375
06/30/35
162,049
200,000
Southern
California
Edison
Co
3.650
06/01/51
136,075
200,000
Southwestern
Electric
Power
Co
3.250
11/01/51
128,354
150,000
Southwestern
Public
Service
Co
3.150
05/01/50
96,593
178,826
(a)
Sweihan
PV
Power
Co
PJSC2022
1
3.625
01/31/49
146,220
204,961
(a)
Topaz
Solar
Farms
LLC
5.750
09/30/39
204,449
100,000
(a),(c),(d)
Vistra
Corp
7.000
N/A
100,292
TOTAL
UTILITIES
2,809,222
TOTAL
CORPORATE
BONDS
(Cost
$12,189,887)
11,497,399
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
1408294
EMERGING
MARKET
DEBT
AND
FOREIGN
CORPORATE
BONDS
-
5.9%
1408294
CANADA
-
3.2%
500,000
Export
Development
Canada
4.750
06/05/34
513,840
250,000
(a)
OMERS
Finance
Trust
3.500
04/19/32
237,810
TOTAL
CANADA
751,650
NETHERLANDS
-
1.9%
200,000
(a)
Nederlandse
Waterschapsbank
NV
4.000
06/01/28
200,012
250,000
(a)
Nederlandse
Waterschapsbank
NV
4.500
01/16/30
253,623
TOTAL
NETHERLANDS
453,635
33
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SWEDEN
-
0.8%
$
200,000
(a)
Kommuninvest
I
Sverige
AB
4.625
%
09/29/28
$
203,009
TOTAL
SWEDEN
203,009
TOTAL
EMERGING
MARKET
DEBT
AND
FOREIGN
CORPORATE
BONDS
(Cost
$1,393,079)
1,408,294
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MORTGAGE-BACKED
SECURITIES
-
19.4%
563
(e)
Banc
of
America
Mortgage
2004-K
Trust,
Series
2004
K
5.426
12/25/34
564
125,000
(a),(e)
BFLD
Trust
2020-EYP,
Series
2020
EYP,
(TSFR1M
+
2.214%)
5.869
10/15/35
4,593
200,000
(a),(e)
Century
Plaza
Towers
2019-CPT,
Series
2019
CPT
3.097
11/13/39
169,872
3,555
Fannie
Mae
Pool,
FN
MA5165
5.500
10/01/53
3,584
779
Fannie
Mae
Pool,
FN
MA4805,
Series
2022
1
4.500
11/01/52
753
17,608
Fannie
Mae
Pool,
FN
MA4785
5.000
10/01/52
17,444
18,915
Fannie
Mae
Pool,
FN
MA4733
4.500
09/01/52
18,278
39,826
Fannie
Mae
Pool,
FN
MA4732
4.000
09/01/52
37,478
4,875
Fannie
Mae
Pool,
FN
MA4709
5.000
07/01/52
4,828
7,547
Fannie
Mae
Pool,
FN
MA4579
3.000
04/01/52
6,623
1,443
Fannie
Mae
Pool,
FN
FS1535
3.000
04/01/52
1,278
713
Fannie
Mae
Pool,
FN
MA4761
5.000
09/01/52
706
3,782
Fannie
Mae
Pool,
FN
CB2795
3.000
02/01/52
3,319
3,263
Fannie
Mae
Pool,
FN
CA6414
3.000
07/01/50
2,921
1,844
Fannie
Mae
Pool,
FN
BU8837
5.000
05/01/52
1,830
1,992
Fannie
Mae
Pool,
FN
BT0267
3.000
09/01/51
1,777
8,080
Fannie
Mae
Pool,
FN
FS0522
2.500
02/01/52
6,898
5,447
Freddie
Mac
Gold
Pool,
FG
G08760
3.000
04/01/47
4,888
250,000
Freddie
Mac
Multiclass
Certificates,
Series
2020
P003
1.956
09/25/46
194,928
117,786
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
Series
2020
Q014
1.555
01/25/36
97,430
284,840
Ginnie
Mae
II
Pool,
G2
MA8347
4.500
10/20/52
276,912
87,301
Ginnie
Mae
II
Pool,
G2
MA8428
5.000
11/20/52
87,083
50,643
Ginnie
Mae
II
Pool,
G2
MA8487
3.500
12/20/52
46,061
47,846
Ginnie
Mae
II
Pool,
G2
MA8488
4.000
12/20/52
45,124
338,174
Ginnie
Mae
II
Pool,
G2
MA8489
4.500
12/20/52
328,596
3,843
Ginnie
Mae
II
Pool,
G2
MA8646
4.500
02/20/53
3,733
37,315
Ginnie
Mae
II
Pool,
G2
MA9488
5.500
02/20/54
37,786
3,069
Ginnie
Mae
II
Pool,
G2
MA8648
5.500
02/20/53
3,110
21,842
Ginnie
Mae
II
Pool,
G2
MA9101
3.000
08/20/53
19,589
333,304
Ginnie
Mae
II
Pool,
G2
MA9906
5.500
09/20/54
336,528
41,158
Ginnie
Mae
II
Pool,
G2
MA9907
6.000
09/20/54
42,084
21,153
Ginnie
Mae
II
Pool,
G2
MA8269
5.000
09/20/52
21,112
532,197
Ginnie
Mae
II
Pool,
G2
MA8647
5.000
02/20/53
530,393
370,483
Ginnie
Mae
II
Pool,
G2
MA8267,
Series
2022
A
4.000
09/20/52
349,519
3,086
Ginnie
Mae
II
Pool,
G2
BX3679
3.000
08/20/50
2,758
42,962
Ginnie
Mae
II
Pool,
G2
MA8149
3.500
07/20/52
39,171
14,114
Ginnie
Mae
II
Pool,
G2
BY0325
2.500
10/20/50
12,068
381
Ginnie
Mae
II
Pool,
G2
BY0330
3.000
10/20/50
340
871
Ginnie
Mae
II
Pool,
G2
BY0331
3.000
10/20/50
776
43,471
Ginnie
Mae
II
Pool,
G2
MA8201
4.500
08/20/52
42,274
1,770
Ginnie
Mae
II
Pool,
G2
BY0339
3.500
08/20/50
1,628
1,520
Ginnie
Mae
II
Pool,
G2
BY0340
3.500
08/20/50
1,389
2,273
Ginnie
Mae
II
Pool,
G2
BY0338
3.500
08/20/50
2,085
4,469
Ginnie
Mae
II
Pool,
G2
BX3680
3.000
08/20/50
3,992
1,998
Ginnie
Mae
II
Pool,
G2
BX3681
3.000
08/20/50
1,784
95,873
Ginnie
Mae
II
Pool,
G2
MA7768,
Series
2021
1
3.000
12/20/51
85,488
412,069
Ginnie
Mae
II
Pool,
G2
MA7989
3.500
04/20/52
375,396
50,659
Ginnie
Mae
II
Pool,
G2
MA8043
3.000
05/20/52
45,155
235,000
(a)
Hudson
Yards
2019-30HY
Mortgage
Trust,
Series
2019
30HY
3.228
07/10/39
223,630
225,000
(a),(e)
Hudson
Yards
2019-30HY
Mortgage
Trust,
Series
2019
30HY
3.558
07/10/39
205,543
212,214
(a),(e)
Natixis
Commercial
Mortgage
Securities
Trust
2019-MILE,
Series
2019
MILE,
(TSFR1M
+
1.579%)
5.915
07/15/36
207,993
250,000
(a),(e)
NYC
Commercial
Mortgage
Trust,
Series
2025
11X,
(TSFR1M
+
1.743%)
5.398
10/15/40
251,038
Portfolio
of
Investments
April
30,
2026
(continued)
Core
Impact
Bond
34
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MORTGAGE-BACKED
SECURITIES
(continued)
$
150,000
(a),(e)
NYC
Commercial
Mortgage
Trust
2025-300P,
Series
2025
300P
4.879
%
07/13/42
$
149,342
250,000
(a),(e)
SLG
Office
Trust
2026-OMA,
Series
2026
OMA
4.965
04/15/41
251,160
TOTAL
MORTGAGE-BACKED
SECURITIES
(Cost
$4,795,866)
4,610,632
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
4303516
MUNICIPAL
BONDS
-
18.1%
4303516
ALASKA
-
0.6%
150,000
Port
Lions,
Alaska,
Revenue
Bonds,
Kodiak
Area
Native
Association
Project,
Taxable
Series
2022
7.500
10/01/52
155,326
TOTAL
ALASKA
155,326
CALIFORNIA
-
6.9%
250,000
California
Health
Facilities
Financing
Authority,
California,
Senior
Revenue
Bonds,
No
Place
Like
Home
Program,
Taxable
Social
Series
2022
3.690
06/01/31
242,267
200,000
City
And
County
Of
San
Francisco,
California,
Taxable
General
Obligation
Bonds
(Social
Bonds-Affordable
Housing,
2019)
Series
2021A
2.684
06/15/40
152,201
250,000
Oakland,
California,
General
Obligation
Bonds,
Taxable
Social
Measure
U
Series
2025B-2
5.792
07/15/45
251,949
250,000
San
Francisco
City
&
County
Public
Utilities
Commission
Wastewater
Revenue,
California,
4.655
10/01/27
252,155
250,000
San
Francisco
City
and
County,
California,
Affordable
Housing
Social
Bonds,
General
Obligation
Tax
Bonds,
Series
2025D
5.770
06/15/45
256,739
250,000
San
Jose
Financing
Authority,
California,
Lease
Revenue
Bonds,
Convention
Center
Refunding
Project,
Taxable,
Series
2022A
4.662
05/01/37
241,588
250,000
San
Luis
Obispo
County
Financing
Authority,
California,
Revenue
Bonds,
Nacimiento
Water
Project,
Series
2007B
5.571
09/01/40
258,010
TOTAL
CALIFORNIA
1,654,909
ILLINOIS
-
0.2%
50,000
Village
of
Deerfield,
Illinois,
General
Obligation
Bonds,
Series
2011
4.000
12/01/28
49,844
TOTAL
ILLINOIS
49,844
IOWA
-
1.1%
250,000
(a)
Iowa
Finance
Authority
7.000
11/01/27
251,808
TOTAL
IOWA
251,808
MICHIGAN
-
0.3%
100,000
University
of
Michigan,
General
Revenue
Bonds,
Taxable
Green
Series
2022B
3.504
04/01/52
71,934
TOTAL
MICHIGAN
71,934
NEW
HAMPSHIRE
-
3.1%
500,000
National
Finance
Authority,
New
Hampshire,
Revenue
Bonds,
Abilene
Christian
University
Taxable
Series
2024B
5.775
11/01/54
474,818
250,000
National
Finance
Authority,
New
Hampshire,
Revenue
Bonds,
Winston-Salem
Sustainable
Energy
Partners
Taxable
Series
2025B
5.876
12/01/35
262,438
TOTAL
NEW
HAMPSHIRE
737,256
NEW
YORK
-
2.7%
250,000
New
York
City
Housing
Development
Corp
5.881
08/01/45
250,292
250,000
New
York
City,
New
York,
General
Obligation
Bonds,
Taxable
Fiscal
2025
Series
D-1
5.094
10/01/49
226,318
150,000
United
Nations
Development
Corporation,
New
York,
Revenue
Bonds,
Taxable
Series
2025A
6.536
08/01/55
157,611
TOTAL
NEW
YORK
634,221
35
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
PENNSYLVANIA
-
2.1%
$
250,000
Philadelphia
Redevelopment
Authority,
Pennsylvania,
City
Service
Agreement
Revenue
Bonds,
City
of
Philadelphia
Neighborhood
Preservation
Initiative,
Taxable
Social
Series
2024A
5.226
%
09/01/40
$
248,705
250,000
Redevelopment
Authority
of
the
City
of
Philadelphia,
Pennsylvania
4.132
11/01/30
248,719
TOTAL
PENNSYLVANIA
497,424
WISCONSIN
-
1.1%
250,000
Public
Finance
Authority,
Wisconsin,
Revenue
Bonds,
Bluehub
Loan
Fund
Issue,
Series
2024A
5.292
07/01/29
250,794
TOTAL
WISCONSIN
250,794
TOTAL
MUNICIPAL
BONDS
(Cost
$4,283,242)
4,303,516
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
657418
U.S.
GOVERNMENT
AND
AGENCY
OBLIGATIONS
-
2.7%
657418
250,000
United
States
Treasury
Note/Bond
4.625
11/15/55
235,781
298,000
United
States
Treasury
Note/Bond
4.625
02/15/46
284,590
140,000
United
States
Treasury
Note/Bond
4.125
02/15/36
137,047
TOTAL
U.S.
GOVERNMENT
AND
AGENCY
OBLIGATIONS
(Cost
$685,814)
657,418
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$24,473,831)
23,460,620
SHARES
DESCRIPTION
RATE
VALUE
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.6%
151,435
(g)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
3.670
(h)
151,435
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
(Cost
$151,435)
151,435
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM
INVESTMENTS
-
 0.8%
177730
U.S.
GOVERNMENT
AND
AGENCY
OBLIGATIONS
-
0.8%
177730
100,000
Federal
Home
Loan
Bank
Discount
Notes
0.000
05/06/26
99,940
78,000
Freddie
Mac
Discount
Notes
0.000
05/27/26
77,790
TOTAL
U.S.
GOVERNMENT
AND
AGENCY
OBLIGATIONS
(Cost
$177,744)
177,730
TOTAL
SHORT-TERM
INVESTMENTS
(Cost
$177,744)
177,730
TOTAL
INVESTMENTS
-
99.9%
(Cost
$24,803,010
)
23,789,785
OTHER
ASSETS
&
LIABILITIES,
NET
-  0.1%
20,379
NET
ASSETS
-
100%
$
23,810,164
Reg
S
Regulation
S
allows
U.S.
companies
to
sell
securities
to
persons
or
entities
located
outside
of
the
United
States
without
registering
those
securities
with
the
Securities
and
Exchange
Commission.
Specifically,
Regulation
S
provides
a
safe
harbor
from
the
registration
requirements
of
the
Securities
Act
for
the
offers
and
sales
of
securities
by
both
foreign
and
domestic
issuers
that
are
made
outside
the
United
States.
SOFR
Secured
Overnight
Financing
Rate
TSFR1M
CME
Term
Secured
Overnight
Financing
Rate
1
Month
(a)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
fiscal
period,
the
aggregate
value
of
these
securities
is
$7,240,792
or
30.4%
of
Total
Investments.
(b)
Contains
$1,000
Par
Preferred
and/or
Contingent
Capital
Securities.
(c)
Perpetual
security.
Maturity
date
is
not
applicable.
(d)
$1,000
Par
Institutional
Preferred
security.
As
of
the
end
of
the
period,
the
percent
of
$1,000
Par
Institutional
Preferred
securities
was
1.7%
of
Total
Investments.
(e)
Floating
or
variable
rate
security
includes
the
reference
rate
and
spread,
when
applicable.  For
mortgage-backed
or
asset-backed
securities
the
variable
rate
is
based
on
the
underlying
asset
of
the
security.
Coupon
rate
reflects
the
rate
at
period
end.
Portfolio
of
Investments
April
30,
2026
(continued)
Core
Impact
Bond
36
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
(f)
Investment,
or
a
portion
of
investment,
is
out
on
loan
for
securities
lending.
The
total
value
of
the
securities
out
on
loan
as
of
the
end
of
the
fiscal
period
was
$147,168.
(g)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(h)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Core
Impact
Bond
Level
1
Level
2
Leve
l
3
Total
Long-Term
Investments:
Asset-Backed
Securities
$
$
983,361
$
$
983,361
Corporate
Bonds
11,497,399
11,497,399
Emerging
Market
Debt
and
Foreign
Corporate
Bonds
1,408,294
1,408,294
Mortgage-Backed
Securities
4,610,632
4,610,632
Municipal
Bonds
4,303,516
4,303,516
U.S.
Government
and
Agency
Obligations
657,418
657,418
Investments
Purchased
with
Collateral
from
Securities
Lending
151,435
151,435
Short-Term
Investments:
U.S.
Government
and
Agency
Obligations
177,730
177,730
Total
$
151,435
$
23,638,350
$
$
23,789,785
37
Portfolio
of
Investments
April
30,
2026
Emerging
Markets
Debt
(Unaudited)
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LONG-TERM
INVESTMENTS
-
97.2%   
11692778
CORPORATE
BONDS
-
41.5%
(a)
BRAZIL
-
1.6%
$
250,000
Embraer
Netherlands
Finance
BV
5
.400
%
01/09/38
$
243,063
200,000
(b)
Rede
D'or
Finance
Sarl
6
.550
04/28/36
197,440
TOTAL
BRAZIL
440,503
CHILE
-
7.0%
200,000
(b)
Antofagasta
PLC
5
.625
05/13/32
205,850
200,000
(b),(c)
Banco
de
Credito
e
Inversiones
SA
7
.500
N/A
212,000
200,000
(b),(c)
Banco
del
Estado
de
Chile
7
.950
N/A
212,100
200,000
(b)
Celulosa
Arauco
y
Constitucion
SA
6
.180
05/05/32
203,200
200,000
(b)
Cia
Cervecerias
Unidas
SA
3
.350
01/19/32
183,376
200,000
(b)
Corp
Nacional
del
Cobre
de
Chile
5
.625
10/18/43
190,115
200,000
(b)
Corp
Nacional
del
Cobre
de
Chile
3
.000
09/30/29
188,763
200,000
(b)
Corp
Nacional
del
Cobre
de
Chile
3
.700
01/30/50
138,780
200,000
(b)
Empresa
Nacional
del
Petroleo
6
.150
05/10/33
210,774
200,000
(b)
Sociedad
Quimica
y
Minera
de
Chile
SA
6
.500
11/07/33
215,417
TOTAL
CHILE
1,960,375
CHINA
-
1.4%
200,000
(b)
Lenovo
Group
Ltd
3
.421
11/02/30
188,793
225,000
(b)
Prosus
NV
4
.193
01/19/32
215,769
TOTAL
CHINA
404,562
INDIA
-
1.5%
250,000
(b)
Indian
Railway
Finance
Corp
Ltd
3
.249
02/13/30
237,338
200,000
(b)
UltraTech
Cement
Ltd
2
.800
02/16/31
182,610
TOTAL
INDIA
419,948
INDONESIA
-
3.6%
200,000
(b)
Freeport
Indonesia
PT
4
.763
04/14/27
200,041
200,000
(b)
Indonesia
Asahan
Aluminium
PT
/
Mineral
Industri
Indonesia
Persero
PT
5
.450
05/15/30
203,474
200,000
(b)
Pertamina
Persero
PT
6
.500
05/27/41
207,621
200,000
(b)
Perusahaan
Perseroan
Persero
PT
Perusahaan
Listrik
Negara
5
.450
05/21/28
202,390
200,000
(b)
Perusahaan
Perseroan
Persero
PT
Perusahaan
Listrik
Negara
5
.450
02/03/36
194,572
TOTAL
INDONESIA
1,008,098
ISRAEL
-
2.1%
200,000
(b)
Bank
Hapoalim
BM,
Reg
S
5
.252
01/14/33
198,844
200,000
(b)
Israel
Electric
Corp
Ltd,
Reg
S
3
.750
02/22/32
184,798
200,000
(b)
Mizrahi
Tefahot
Bank
Ltd,
Reg
S
5
.837
04/15/36
201,566
TOTAL
ISRAEL
585,208
KAZAKHSTAN
-
1.0%
300,000
(b)
KazMunayGas
National
Co
JSC
5
.750
04/19/47
285,904
TOTAL
KAZAKHSTAN
285,904
MALAYSIA
-
1.5%
240,000
(b)
Petronas
Capital
Ltd
5
.340
04/03/35
247,758
200,000
(b)
Petronas
Capital
Ltd
2
.480
01/28/32
179,960
TOTAL
MALAYSIA
427,718
MEXICO
-
8.6%
200,000
(b),(d)
Banco
Nacional
de
Comercio
Exterior
SNC/Cayman
Islands
2
.720
08/11/31
198,143
225,000
(b)
Banco
Nacional
de
Mexico
SA
6
.697
08/07/36
225,000
200,000
(b)
BBVA
Mexico
SA
Institucion
De
Banca
Multiple
Grupo
Financiero
BBVA
Mexico/TX
8
.450
06/29/38
220,206
197,160
(b)
CFE
FIBRA
E
5
.875
09/23/40
195,977
200,000
(b)
Comision
Federal
de
Electricidad
0
.000
01/28/34
197,476
198,101
(b)
FIEMEX
Energia
-
Banco
Actinver
SA
Institucion
de
Banca
Multiple
7
.250
01/31/41
204,946
200,000
(b),(e)
Grupo
Aeromexico
SAB
de
CV
8
.625
11/15/31
194,250
200,000
Grupo
Televisa
SAB
6
.625
01/15/40
173,500
300,000
(b)
Mexico
City
Airport
Trust
5
.500
10/31/46
261,391
200,000
(b)
Orbia
Advance
Corp
SAB
de
CV
2
.875
05/11/31
166,250
200,000
(e)
Petroleos
MexicanosA1
6
.625
06/15/35
193,020
Portfolio
of
Investments
April
30,
2026
(continued)
Emerging
Markets
Debt
38
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MEXICO
(continued)
$
200,000
Petroleos
Mexicanos
5
.950
%
01/28/31
$
195,666
TOTAL
MEXICO
2,425,825
MOROCCO
-
0.7%
200,000
(b)
OCP
SA
6
.700
03/01/36
208,393
TOTAL
MOROCCO
208,393
PERU
-
1.7%
150,000
(b)
Banco
Internacional
del
Peru
SAA
Interbank
4
.800
07/15/31
148,500
200,000
(b)
Niagara
Energy
SAC
5
.746
10/03/34
202,466
200,000
(b)
Petroleos
del
Peru
SA
5
.625
06/19/47
140,990
TOTAL
PERU
491,956
POLAND
-
0.7%
200,000
(b),(e)
ORLEN
SA
6
.000
01/30/35
207,633
TOTAL
POLAND
207,633
SAUDI
ARABIA
-
2.9%
250,000
(b)
Saudi
Arabian
Oil
Co
2
.250
11/24/30
223,710
200,000
(d)
Saudi
Awwal
Bank,
Reg
S
5
.947
09/04/35
199,126
200,000
(d)
SNB
Funding
Ltd,
Reg
S
6
.000
06/24/35
200,784
200,000
(b)
STC
SUKUK
CO
II
LTD
4
.489
01/15/31
197,448
TOTAL
SAUDI
ARABIA
821,068
SOUTH
AFRICA
-
0.7%
200,000
Sasol
Financing
USA
LLC
5
.500
03/18/31
188,533
TOTAL
SOUTH
AFRICA
188,533
THAILAND
-
1.6%
200,000
(b)
Bangkok
Bank
PCL/Hong
Kong
5
.650
07/05/34
206,143
250,000
(b)
PTTEP
Treasury
Center
Co
Ltd
2
.993
01/15/30
236,600
TOTAL
THAILAND
442,743
TURKEY
-
1.5%
225,000
(b)
Turk
Telekomunikasyon
AS
6
.950
10/07/32
224,187
200,000
(b)
Ulker
Biskuvi
Sanayi
AS
7
.875
07/08/31
205,805
TOTAL
TURKEY
429,992
UNITED
ARAB
EMIRATES
-
3.4%
250,000
(b)
Abu
Dhabi
Crude
Oil
Pipeline
LLC
4
.600
11/02/47
221,596
200,000
(b)
DAE
Funding
LLC
4
.950
01/15/33
192,242
200,000
(b)
DP
World
Ltd/United
Arab
Emirates
5
.625
09/25/48
182,417
131,974
(b)
Galaxy
Pipeline
Assets
Bidco
Ltd
2
.160
03/31/34
118,103
240,000
(b)
MDGH
GMTN
RSC
Ltd
4
.375
11/22/33
229,961
TOTAL
UNITED
ARAB
EMIRATES
944,319
TOTAL
CORPORATE
BONDS
(Cost
$11,312,004)
11,692,778
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
15704647
SOVEREIGN
DEBT
-
55.7%
ANGOLA
-
1.1%
300,000
(b)
Angolan
Government
International
Bond
8
.750
04/14/32
312,755
TOTAL
ANGOLA
312,755
ARGENTINA
-
0.7%
300,000
Argentine
Republic
Government
International
Bond
2
.500
07/09/41
206,700
TOTAL
ARGENTINA
206,700
AZERBAIJAN
-
0.7%
200,000
(b)
Republic
of
Azerbaijan
International
Bond
3
.500
09/01/32
187,749
TOTAL
AZERBAIJAN
187,749
BENIN
-
0.7%
200,000
(b)
Benin
Government
International
Bond
8
.375
01/23/41
207,917
TOTAL
BENIN
207,917
BERMUDA
-
1.0%
300,000
(b)
Bermuda
Government
International
Bond
2
.375
08/20/30
272,742
TOTAL
BERMUDA
272,742
39
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
BRAZIL
-
1.4%
$
200,000
Brazilian
Government
International
Bond
7
.125
%
05/13/54
$
200,800
200,000
Brazilian
Government
International
Bond
6
.250
05/22/36
198,900
TOTAL
BRAZIL
399,700
CHILE
-
2.7%
375,000
Chile
Government
International
Bond
3
.100
05/07/41
286,688
550,000
Chile
Government
International
Bond
2
.550
07/27/33
473,303
TOTAL
CHILE
759,991
COLOMBIA
-
2.2%
200,000
Colombia
Government
International
Bond
7
.375
09/18/37
205,500
200,000
Colombia
Government
International
Bond
8
.000
04/20/33
214,900
200,000
Colombia
Government
International
Bond
6
.125
01/21/31
199,540
TOTAL
COLOMBIA
619,940
COTE
D'IVOIRE
-
0.8%
200,000
(b)
Ivory
Coast
Government
International
Bond
8
.250
01/30/37
214,201
TOTAL
COTE
D'IVOIRE
214,201
DOMINICAN
REPUBLIC
-
0.6%
150,000
(b)
Dominican
Republic
International
Bond
7
.050
02/03/31
157,703
TOTAL
DOMINICAN
REPUBLIC
157,703
ECUADOR
-
1.4%
200,000
(b)
Ecuador
Government
International
Bond
9
.250
01/29/39
207,000
200,000
(b)
Ecuador
Government
International
Bond
8
.750
01/29/34
204,000
TOTAL
ECUADOR
411,000
EGYPT
-
0.9%
250,000
(b)
Egypt
Government
International
Bond
7
.053
01/15/32
245,554
TOTAL
EGYPT
245,554
GHANA
-
1.0%
300,000
(b)
Ghana
Government
International
Bond
5
.000
07/03/35
274,957
TOTAL
GHANA
274,957
HUNGARY
-
4.0%
200,000
(b)
Hungary
Government
International
Bond
5
.250
06/16/29
203,176
200,000
(b)
Hungary
Government
International
Bond
6
.250
09/22/32
213,114
200,000
(b)
Hungary
Government
International
Bond
5
.500
03/26/36
200,152
250,000
(b)
Hungary
Government
International
Bond
6
.000
09/26/35
259,966
250,000
(b)
Hungary
Government
International
Bond
6
.750
09/23/55
266,751
TOTAL
HUNGARY
1,143,159
INDIA
-
0.7%
200,000
(b)
Export-Import
Bank
of
India
3
.250
01/15/30
190,455
TOTAL
INDIA
190,455
KAZAKHSTAN
-
1.4%
200,000
(b),(f)
Baiterek
National
Investment
Holding
JSC
5
.200
05/06/33
198,205
200,000
(b)
Kazakhstan
Government
International
Bond
4
.412
10/28/30
197,176
TOTAL
KAZAKHSTAN
395,381
MEXICO
-
3.9%
250,000
(b)
Eagle
Funding
Luxco
Sarl
5
.500
08/17/30
251,925
250,000
Mexico
Government
International
Bond
4
.280
08/14/41
197,113
250,000
Mexico
Government
International
Bond
3
.500
02/12/34
213,750
200,000
Mexico
Government
International
Bond
6
.338
05/04/53
188,300
250,000
Mexico
Government
International
Bond
6
.400
05/07/54
235,875
TOTAL
MEXICO
1,086,963
NIGERIA
-
3.4%
200,000
(b)
Nigeria
Government
International
Bond
9
.625
06/09/31
225,536
200,000
(b)
Nigeria
Government
International
Bond
8
.631
01/13/36
219,007
500,000
(b)
Nigeria
Government
International
Bond
7
.375
09/28/33
511,255
TOTAL
NIGERIA
955,798
OMAN
-
2.7%
400,000
(b)
Oman
Government
International
Bond
6
.500
03/08/47
427,581
350,000
(b)
Oman
Sovereign
Sukuk
Co
4
.525
04/17/33
345,149
TOTAL
OMAN
772,730
Portfolio
of
Investments
April
30,
2026
(continued)
Emerging
Markets
Debt
40
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
PANAMA
-
2.3%
$
500,000
Panama
Government
International
Bond
2
.252
%
09/29/32
$
422,500
200,000
Panama
Government
International
Bond
6
.400
02/14/35
213,500
TOTAL
PANAMA
636,000
PARAGUAY
-
0.8%
200,000
(b)
Paraguay
Government
International
Bond
6
.650
03/04/55
210,950
TOTAL
PARAGUAY
210,950
PERU
-
2.6%
225,000
Peruvian
Government
International
Bond
2
.783
01/23/31
206,595
225,000
Peruvian
Government
International
Bond
5
.375
02/08/35
226,800
300,000
Peruvian
Government
International
Bond
5
.875
08/08/54
291,600
TOTAL
PERU
724,995
PHILIPPINES
-
2.1%
450,000
Philippine
Government
International
Bond
1
.950
01/06/32
391,524
200,000
Philippine
Government
International
Bond
5
.900
02/04/50
203,509
TOTAL
PHILIPPINES
595,033
POLAND
-
4.3%
400,000
(b)
Bank
Gospodarstwa
Krajowego
5
.375
05/22/33
407,882
140,000
Republic
of
Poland
Government
International
Bond
5
.500
04/04/53
130,689
75,000
Republic
of
Poland
Government
International
Bond
5
.125
09/18/34
75,415
75,000
Republic
of
Poland
Government
International
Bond
5
.500
03/18/54
69,730
200,000
Republic
of
Poland
Government
International
Bond
4
.875
02/12/30
204,134
200,000
Republic
of
Poland
Government
International
Bond
5
.375
04/14/36
200,841
125,000
Republic
of
Poland
Government
International
Bond
6
.125
04/14/56
125,340
TOTAL
POLAND
1,214,031
ROMANIA
-
3.5%
270,000
(b)
Romanian
Government
International
Bond
4
.000
02/14/51
178,287
120,000
(b),(e)
Romanian
Government
International
Bond
3
.625
03/27/32
107,615
50,000
(b)
Romanian
Government
International
Bond
7
.125
01/17/33
52,966
102,000
(b)
Romanian
Government
International
Bond
5
.875
01/30/29
103,520
250,000
(b)
Romanian
Government
International
Bond
6
.375
01/30/34
252,542
300,000
(b)
Romanian
Government
International
Bond
5
.750
03/24/35
288,412
TOTAL
ROMANIA
983,342
SAUDI
ARABIA
-
3.4%
250,000
(b)
Saudi
Government
International
Bond
4
.500
10/26/46
205,800
300,000
(b)
Saudi
Government
International
Bond
3
.625
03/04/28
294,756
325,000
(b)
Saudi
Government
International
Bond
2
.250
02/02/33
275,638
200,000
(b)
Saudi
Government
International
Bond
5
.750
01/16/54
192,028
TOTAL
SAUDI
ARABIA
968,222
SOUTH
AFRICA
-
2.7%
325,000
(b)
Republic
of
South
Africa
Government
International
Bond
7
.100
11/19/36
339,484
425,000
(b)
Republic
of
South
Africa
Government
International
Bond
7
.950
11/19/54
433,404
TOTAL
SOUTH
AFRICA
772,888
TURKEY
-
1.4%
200,000
Turkiye
Government
International
Bond
7
.625
05/15/34
207,972
200,000
Turkiye
Government
International
Bond
7
.125
07/17/32
203,311
TOTAL
TURKEY
411,283
UZBEKISTAN
-
0.8%
250,000
(b)
Republic
of
Uzbekistan
International
Bond
3
.700
11/25/30
233,368
TOTAL
UZBEKISTAN
233,368
41
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ZAMBIA
-
0.5%
$
141,412
(b)
Zambia
Government
International
Bond
5
.750
%
06/30/33
$
139,140
TOTAL
ZAMBIA
139,140
TOTAL
SOVEREIGN
DEBT
(Cost
$15,214,250)
15,704,647
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$26,526,254)
27,397,425
SHARES
DESCRIPTION
Coupon
VALUE
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
  2.6%
728,466
(g)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
3
.670
(h)
728,466
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
(Cost
$728,466)
728,466
TOTAL
INVESTMENTS
(Cost
$
27,254,720
)
-
99
.8
%
28,125,891
OTHER
ASSETS
&
LIABILITIES,
NET
-  0.2%
57,236
NET
ASSETS
-
100%
$
28,183,127
Reg
S
Regulation
S
allows
U.S.
companies
to
sell
securities
to
persons
or
entities
located
outside
of
the
United
States
without
registering
those
securities
with
the
Securities
and
Exchange
Commission.
Specifically,
Regulation
S
provides
a
safe
harbor
from
the
registration
requirements
of
the
Securities
Act
for
the
offers
and
sales
of
securities
by
both
foreign
and
domestic
issuers
that
are
made
outside
the
United
States.
(a)
Contains
$1,000
Par
Preferred
and/or
Contingent
Capital
Securities.
(b)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
fiscal
period,
the
aggregate
value
of
these
securities
is
$20,008,904
or
71.1%
of
Total
Investments.
(c)
Perpetual
security.
Maturity
date
is
not
applicable.
(d)
$1,000
Par
Institutional
Preferred
security.
As
of
the
end
of
the
period,
the
percent
of
$1,000
Par
Institutional
Preferred
securities
was
2.1%
of
Total
Investments.
(e)
Investment,
or
a
portion
of
investment,
is
out
on
loan
for
securities
lending.
The
total
value
of
the
securities
out
on
loan
as
of
the
end
of
the
fiscal
period
was
$699,623.
(f)
When-issued
or
delayed
delivery
security.
(g)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(h)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
Portfolio
of
Investments
April
30,
2026
(continued)
Emerging
Markets
Debt
42
Emerging
Markets
Debt
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Corporate
Bonds
$
$
11,692,778
$
$
11,692,778
Sovereign
Debt
15,704,647
15,704,647
Investments
Purchased
with
Collateral
from
Securities
Lending
728,466
728,466
Total
$
728,466
$
27,397,425
$
$
28,125,891
43
Portfolio
of
Investments
April
30,
2026
High
Yield
(Unaudited)
SHARES
DESCRIPTION
VALUE
LONG-TERM
INVESTMENTS
-
96.9%
18,428
COMMON
STOCKS
-
0
.1
%
18,428
TELECOMMUNICATION
SERVICES
-
0.1%
905
(a)
Altice
France
Lux
3
$
18,428
TOTAL
TELECOMMUNICATION
SERVICES
18,428
TOTAL
COMMON
STOCKS
(Cost
$15,439)
18,428
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
18605859
CORPORATE
BONDS
-
95
.9
%
(b)
18605859
AUTOMOBILES
&
COMPONENTS
-
3.3%
$
40,000
(c)
Cyprium
Corp
/
Cyprium
Holdings
Luxembourg
Sarl
6
.125
%
04/15/31
40,276
125,000
Goodyear
Tire
&
Rubber
Co/The
5
.000
07/15/29
119,908
200,000
(c)
IHO
Verwaltungs
GmbH
8
.000
11/15/32
206,786
55,000
(c)
Phinia
Inc
6
.750
04/15/29
56,295
150,000
(c)
ZF
North
America
Capital
Inc
6
.750
04/23/30
149,011
70,000
(c)
ZF
North
America
Capital
Inc
7
.500
03/24/31
70,090
TOTAL
AUTOMOBILES
&
COMPONENTS
642,366
CAPITAL
GOODS
-
6.5%
70,000
(c)
AECOM
6
.000
08/01/33
70,571
200,000
(c)
Albion
Financing
1
SARL
/
Aggreko
Holdings
Inc
7
.000
05/21/30
206,600
100,000
(c)
Alta
Equipment
Group
Inc
9
.000
06/01/29
94,957
60,000
(c),(d)
Camelot
Return
Merger
Sub
Inc
8
.750
08/01/28
38,249
80,000
(c)
Columbus
McKinnon
Corp/NY
7
.125
01/31/33
80,456
25,000
(c)
Gates
Corp/DE
6
.875
07/01/29
25,718
50,000
(c)
Herc
Holdings
Inc
5
.750
03/15/31
50,120
65,000
(c),(d)
Herc
Holdings
Inc
6
.000
03/15/34
64,449
75,000
(c)
Herc
Holdings
Inc
7
.000
06/15/30
78,028
75,000
(c)
Lsf12
Helix
Parent
LLC
7
.125
02/01/33
73,210
80,000
(c)
Masterbrand
Inc
7
.000
07/15/32
79,565
40,000
(c)
Standard
Building
Solutions
Inc
6
.250
08/01/33
39,974
35,000
(c)
TransDigm
Inc
6
.125
07/31/34
35,039
20,000
(c)
TransDigm
Inc
6
.875
12/15/30
20,612
100,000
(c)
TransDigm
Inc
6
.375
03/01/29
101,996
100,000
(c)
TransDigm
Inc
6
.375
05/31/33
100,769
100,000
(c)
Trinity
Industries
Inc
7
.750
07/15/28
102,644
TOTAL
CAPITAL
GOODS
1,262,957
COMMERCIAL
&
PROFESSIONAL
SERVICES
-
1.6%
95,000
(c)
AMN
Healthcare
Inc
6
.500
01/15/31
94,666
35,000
(c)
CACI
International
Inc
6
.375
06/15/33
35,807
30,000
(c)
Garda
World
Security
Corp
6
.500
01/15/31
30,647
30,000
(c)
GFL
Environmental
Holdings
US
Inc
5
.500
02/01/34
29,510
70,000
(c)
Neptune
Bidco
US
Inc
9
.290
04/15/29
70,795
50,000
(c)
RR
Donnelley
&
Sons
Co
9
.500
08/01/29
51,607
TOTAL
COMMERCIAL
&
PROFESSIONAL
SERVICES
313,032
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
-
3.2%
95,000
(c)
Bath
&
Body
Works
Inc
6
.625
10/01/30
96,276
15,000
(c)
Gee
Automotive
Holdings
LLC
7
.250
03/01/31
15,199
70,000
Kohl's
Corp
5
.125
05/01/31
57,250
50,000
(c)
LCM
Investments
Holdings
II
LLC
4
.875
05/01/29
48,952
10,000
(c)
Macy's
Retail
Holdings
LLC
6
.125
03/15/32
10,005
50,000
(c)
Michaels
Cos
Inc/The
11
.000
03/15/34
48,250
80,000
(c)
Michaels
Cos
Inc/The
8
.500
03/15/33
79,004
45,000
(c)
Park
River
Holdings
Inc
8
.000
03/15/31
45,247
40,000
(c)
PetSmart
Inc
/
PetSmart
Finance
Corp
7
.500
09/15/32
40,504
90,000
(c)
QXO
Building
Products
Inc
6
.750
04/30/32
91,804
100,000
(c)
Staples
Inc
10
.750
09/01/29
95,585
TOTAL
CONSUMER
DISCRETIONARY
DISTRIBUTION
&
RETAIL
628,076
Portfolio
of
Investments
April
30,
2026
(continued)
High
Yield
44
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CONSUMER
DURABLES
&
APPAREL
-
1.9%
$
125,000
(c)
CD&R
Smokey
Buyer
Inc
/
Radio
Systems
Corp
9
.500
%
10/15/29
$
103,689
80,000
Newell
Brands
Inc
6
.625
09/15/29
79,945
120,000
(c)
S&S
Holdings
LLC
8
.375
10/01/31
110,415
20,000
(c)
TopBuild
Corp
5
.625
01/31/34
20,260
65,000
(c)
Wolverine
World
Wide
Inc
4
.000
08/15/29
60,760
TOTAL
CONSUMER
DURABLES
&
APPAREL
375,069
CONSUMER
SERVICES
-
5.3%
75,000
(c)
Caesars
Entertainment
Inc
6
.000
10/15/32
67,217
90,000
(c)
Carnival
Corp
5
.875
06/15/31
91,280
80,000
(c)
Churchill
Downs
Inc
5
.750
04/01/30
79,739
95,000
(c)
Cinemark
USA
Inc
7
.000
08/01/32
98,180
115,000
(c)
Fertitta
Entertainment
LLC
/
Fertitta
Entertainment
Finance
Co
Inc
4
.625
01/15/29
111,958
40,000
(c)
Life
Time
Inc
6
.000
11/15/31
40,605
50,000
(c)
Light
&
Wonder
International
Inc
6
.250
10/01/33
49,586
60,000
(c)
Marriott
Ownership
Resorts
Inc
6
.500
10/01/33
57,693
10,000
(c)
Merlin
Entertainments
Group
US
Holdings
Inc
7
.375
02/15/31
8,245
50,000
MGM
Resorts
International
6
.125
09/15/29
50,656
200,000
(c)
Motion
Finco
Sarl
8
.375
02/15/32
163,820
20,000
(c)
NCL
Corp
Ltd
5
.875
01/15/31
19,466
30,000
(c)
NCL
Corp
Ltd
6
.250
09/15/33
29,035
70,000
(c)
Six
Flags
Entertainment
6
.625
05/01/32
71,245
40,000
(c)
SIX
FLAGS/CAN
WON/MILLEN
8
.625
01/15/32
40,666
50,000
(c)
Wynn
Resorts
Finance
LLC
/
Wynn
Resorts
Capital
Corp
6
.250
03/15/33
50,245
TOTAL
CONSUMER
SERVICES
1,029,636
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
-
0.5%
50,000
(c)
Albertsons
Cos
Inc
/
Safeway
Inc
/
New
Albertsons
LP
/
Albertsons
LLC
6
.250
03/15/33
50,443
40,000
(c)
Albertsons
Cos
Inc
/
Safeway
Inc
/
New
Albertsons
LP
/
Albertsons
LLC
5
.750
03/31/34
38,941
TOTAL
CONSUMER
STAPLES
DISTRIBUTION
&
RETAIL
89,384
ENERGY
-
14.2%
75,000
(c)
Antero
Midstream
Partners
LP
/
Antero
Midstream
Finance
Corp
5
.750
10/15/33
74,852
50,000
(c)
Archrock
Partners
LP
/
Archrock
Partners
Finance
Corp
6
.625
09/01/32
51,448
30,000
(c)
Archrock
Services/Partners
6
.000
02/01/34
30,196
50,000
(c)
Ascent
Resources
Utica
Holdings
LLC
/
ARU
Finance
Corp
6
.625
10/15/32
51,308
50,000
(c)
Ascent
Resources
Utica
Holdings
LLC
/
ARU
Finance
Corp
6
.625
07/15/33
51,370
8,536
(c)
Borr
IHC
Ltd
/
Borr
Finance
LLC
10
.000
11/15/28
8,918
45,000
(c)
Bristow
Group
Inc
6
.750
02/01/33
45,791
80,000
(c)
Buckeye
Partners
LP
6
.750
02/01/30
82,759
60,000
(c)
California
Resources
Corp
7
.000
01/15/34
61,226
30,000
(c)
Chord
Energy
Corp
6
.000
10/01/30
30,579
100,000
(c)
Chord
Energy
Corp
6
.750
03/15/33
104,057
40,000
(c)
CNX
Resources
Corp
5
.875
03/01/34
39,679
60,000
(c)
CNX
Resources
Corp
7
.250
03/01/32
62,510
15,000
(c)
CVR
Energy
Inc
7
.500
02/15/31
15,191
50,000
(c)
Delek
Logistics
Partners
LP
/
Delek
Logistics
Finance
Corp
7
.375
06/30/33
51,602
150,000
(c)
Harvest
Midstream
I
LP
7
.500
05/15/32
156,173
165,000
(c)
Hilcorp
Energy
I
LP
/
Hilcorp
Finance
Co
5
.750
02/01/29
164,897
10,000
(c)
Hilcorp
Energy
I
LP
/
Hilcorp
Finance
Co
8
.375
11/01/33
10,693
20,000
(c)
Infinity
Natural
Resources
LLC
7
.625
04/01/31
20,338
70,000
(c)
ITT
Holdings
LLC
6
.500
08/01/29
69,005
100,000
(c)
Kinetik
Holdings
LP
6
.625
12/15/28
102,009
25,000
(c)
Kodiak
Gas
Services
LLC
5
.875
04/01/31
25,182
15,000
(c)
Kodiak
Gas
Services
LLC
6
.500
10/01/33
15,344
25,000
(c)
Kodiak
Gas
Services
LLC
6
.750
10/01/35
25,968
10,000
(c)
Matador
Resources
Co
6
.000
04/15/34
10,038
40,000
(c)
Matador
Resources
Co
6
.250
04/15/33
40,679
75,000
(c)
Noble
Finance
II
LLC
8
.000
04/15/30
78,005
120,000
(c)
PBF
Holding
Co
LLC
/
PBF
Finance
Corp
7
.875
09/15/30
123,013
20,000
(c)
PBF
Holding
Co
LLC
/
PBF
Finance
Corp
9
.875
03/15/30
21,490
45
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ENERGY
(continued)
$
50,000
(c)
Rockies
Express
Pipeline
LLC
6
.750
%
03/15/33
$
52,131
65,000
(c)
SM
Energy
Co
8
.750
07/01/31
68,189
25,000
(c)
SM
Energy
Co
6
.625
04/15/34
25,346
65,000
(e)
South
Bow
Canadian
Infrastructure
Holdings
Ltd
7
.625
03/01/55
67,841
50,000
(c)
Sunoco
LP
6
.250
07/01/33
51,101
50,000
(c)
Sunoco
LP
5
.625
03/31/31
50,186
50,000
(c)
Sunoco
LP
5
.875
03/15/34
49,821
100,000
(c)
Talos
Production
Inc
9
.000
02/01/29
104,323
15,385
(c)
Transocean
Aquila
Ltd
8
.000
09/30/28
15,787
30,000
(c)
Transocean
International
Ltd
7
.875
10/15/32
32,146
31,500
(c)
Transocean
International
Ltd
8
.750
02/15/30
32,993
130,000
(c)
USA
Compression
Partners
LP
/
USA
Compression
Finance
Corp
7
.125
03/15/29
134,346
20,000
(c)
USA
Compression
Partners
LP
/
USA
Compression
Finance
Corp
6
.250
10/01/33
20,182
30,000
(c)
Venture
Global
LNG
Inc
8
.125
06/01/28
30,697
50,000
(c),(d)
Venture
Global
LNG
Inc
9
.875
02/01/32
53,643
160,000
(c)
Venture
Global
LNG
Inc
7
.000
01/15/30
164,580
50,000
(c),(e),(f)
Venture
Global
LNG
Inc
9
.000
N/A
49,452
40,000
(c)
Venture
Global
Plaquemines
LNG
LLC
6
.500
01/15/34
41,900
50,000
(c)
Venture
Global
Plaquemines
LNG
LLC
6
.125
12/15/30
51,564
40,000
(c)
Weatherford
International
Ltd
6
.750
10/15/33
41,498
TOTAL
ENERGY
2,762,046
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
1.4%
55,000
(c)
Millrose
Properties
Inc
6
.375
08/01/30
55,702
40,000
(c)
Millrose
Properties
Inc
6
.250
09/15/32
40,175
50,000
(d)
MPT
Operating
Partnership
LP
/
MPT
Finance
Corp
5
.000
10/15/27
48,750
50,000
MPT
Operating
Partnership
LP
/
MPT
Finance
Corp
3
.500
03/15/31
35,839
35,000
(c)
MPT
Operating
Partnership
LP
/
MPT
Finance
Corp
8
.500
02/15/32
36,362
45,000
(c)
RHP
Hotel
Properties
LP
/
RHP
Finance
Corp
5
.750
03/15/34
44,730
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
261,558
FINANCIAL
SERVICES
-
11.0%
55,000
(c)
Azorra
Finance
Ltd
7
.250
01/15/31
56,338
100,000
(c)
Azorra
Finance
Ltd
6
.250
02/15/34
96,084
50,000
Block
Inc
6
.500
05/15/32
50,953
160,000
(c)
Burford
Capital
Global
Finance
LLC
7
.500
07/15/33
131,497
56,614
(c)
Compass
Group
Diversified
Holdings
LLC
5
.250
04/15/29
53,576
25,733
(c),(d)
Compass
Group
Diversified
Holdings
LLC
5
.000
01/15/32
22,762
90,000
(c)
Encore
Capital
Group
Inc
8
.500
05/15/30
96,116
65,000
(c)
Encore
Capital
Group
Inc
6
.625
04/15/31
66,061
95,000
(c)
FirstCash
Inc
6
.875
03/01/32
97,364
70,000
(c)
Freedom
Mortgage
Holdings
LLC
8
.375
04/01/32
70,970
50,000
(c)
Freedom
Mortgage
Holdings
LLC
7
.875
04/01/33
48,745
75,000
(c)
Freedom
Mortgage
Holdings
LLC
6
.875
05/01/31
72,344
18,000
(e)
HA
Sustainable
Infrastructure
Capital
Inc
7
.125
11/15/56
18,171
70,000
(c)
Hunt
Cos
Inc
5
.250
04/15/29
67,812
165,000
Icahn
Enterprises
LP
/
Icahn
Enterprises
Finance
Corp
5
.250
05/15/27
163,417
20,000
Icahn
Enterprises
LP
/
Icahn
Enterprises
Finance
Corp
9
.750
01/15/29
20,102
60,000
(c)
Icahn
Enterprises
LP
/
Icahn
Enterprises
Finance
Corp
10
.000
11/15/29
60,524
100,000
(c)
Jane
Street
Group
/
JSG
Finance
Inc
6
.125
11/01/32
100,526
230,000
OneMain
Finance
Corp
6
.625
05/15/29
233,964
80,000
OneMain
Finance
Corp
6
.750
09/15/33
78,688
35,000
(c)
Osaic
Holdings
Inc
6
.750
08/01/32
35,549
100,000
(c)
PennyMac
Financial
Services
Inc
7
.125
11/15/30
101,315
60,000
(c)
PennyMac
Financial
Services
Inc
7
.875
12/15/29
62,254
55,000
(c)
Rocket
Cos
Inc
6
.375
08/01/33
55,671
125,000
(c)
Starwood
Property
Trust
Inc
6
.000
04/15/30
126,461
60,000
(c)
UWM
Holdings
LLC
6
.625
02/01/30
57,586
100,000
(c),(d)
VistaJet
Malta
Finance
PLC
/
Vista
Management
Holding
Inc
6
.375
02/01/30
93,646
TOTAL
FINANCIAL
SERVICES
2,138,496
Portfolio
of
Investments
April
30,
2026
(continued)
High
Yield
46
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
FOOD,
BEVERAGE
&
TOBACCO
-
2.6%
$
70,000
(c)
Chobani
LLC
/
Chobani
Finance
Corp
Inc
6
.375
%
04/15/34
$
71,422
115,000
(c)
Darling
Ingredients
Inc
6
.000
06/15/30
115,997
100,000
(c)
Post
Holdings
Inc
6
.375
03/01/33
99,961
75,000
(c)
Post
Holdings
Inc
6
.500
03/15/36
74,507
130,000
(c)
Viking
Baked
Goods
Acquisition
Corp
8
.625
11/01/31
132,732
TOTAL
FOOD,
BEVERAGE
&
TOBACCO
494,619
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
5.6%
20,000
(c)
CHS/Community
Health
Systems
Inc
5
.250
05/15/30
18,885
100,000
(c)
CHS/Community
Health
Systems
Inc
10
.875
01/15/32
107,399
50,000
(c)
CHS/Community
Health
Systems
Inc
9
.750
01/15/34
51,570
50,000
(c)
DaVita
Inc
4
.625
06/01/30
48,403
100,000
(c)
DaVita
Inc
6
.875
09/01/32
103,219
30,000
(c)
Global
Medical
Response
Inc
7
.375
10/01/32
31,273
100,000
(c)
LifePoint
Health
Inc
8
.375
02/15/32
104,919
135,000
(c)
LifePoint
Health
Inc
7
.000
05/01/34
131,634
60,000
(c)
Molina
Healthcare
Inc
6
.500
02/15/31
61,047
95,000
(c)
National
Mentor
Holdings
Inc
10
.500
12/15/30
99,384
150,000
(c)
Prime
Healthcare
Services
Inc
9
.375
09/01/29
155,546
70,000
(c)
Radiology
Partners
Inc
8
.500
07/15/32
69,600
35,000
(c)
Surgery
Center
Holdings
Inc
7
.250
04/15/32
34,906
65,000
(c)
Team
Health
Holdings
Inc
8
.375
06/30/28
65,220
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
1,083,005
INSURANCE
-
4.8%
35,000
(c)
Acrisure
LLC
/
Acrisure
Finance
Inc
6
.750
07/01/32
34,482
85,000
(c)
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co-Issuer
6
.750
04/15/28
85,973
200,000
(c)
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co-Issuer
6
.500
10/01/31
201,710
90,000
(c)
APH
Somerset
Investor
2
LLC
/
APH2
Somerset
Investor
2
LLC
/
APH3
Somerset
Inves
7
.875
11/01/29
87,134
200,000
(c)
Ardonagh
Finco
Ltd
7
.750
02/15/31
204,176
65,000
(c)
Asurion
LLC/
Asurion
Co-Issuer
Inc
8
.000
12/31/32
67,898
70,000
(c)
Asurion
LLC/
Asurion
Co-Issuer
Inc
8
.375
02/01/34
69,063
125,000
(c)
Panther
Escrow
Issuer
LLC
7
.125
06/01/31
125,585
50,000
(c)
Ryan
Specialty
LLC
5
.875
08/01/32
49,992
TOTAL
INSURANCE
926,013
MATERIALS
-
5.5%
200,000
(c)
Ardagh
Metal
Packaging
Finance
USA
LLC
/
Ardagh
Metal
Packaging
Finance
PLC
6
.250
01/30/31
201,361
100,000
(c)
Arsenal
AIC
Parent
LLC
8
.000
10/01/30
104,544
130,000
(c)
Avient
Corp
7
.125
08/01/30
132,402
20,000
(c)
Avient
Corp
6
.250
11/01/31
20,291
100,000
(c)
Clydesdale
Acquisition
Holdings
Inc
8
.750
04/15/30
90,733
25,000
(c)
Commercial
Metals
Co
6
.000
12/15/35
24,975
60,000
(c)
Compass
Minerals
International
Inc
8
.000
07/01/30
62,632
20,000
(c)
Mineral
Resources
Ltd
6
.250
05/01/34
19,749
25,000
(c)
Mineral
Resources
Ltd
6
.000
05/01/32
24,806
10,000
(c)
Mineral
Resources
Ltd
7
.000
04/01/31
10,380
82,000
(c)
Mineral
Resources
Ltd
9
.250
10/01/28
85,107
45,000
(c)
Olin
Corp
6
.625
04/01/33
44,579
85,000
(c)
Qnity
Electronics
Inc
5
.750
08/15/32
85,818
25,000
(c)
Qnity
Electronics
Inc
6
.250
08/15/33
25,578
15,000
(c)
Solstice
Advanced
Materials
Inc
5
.625
09/30/33
14,920
50,000
(c)
Sword
Purchaser
LLC
8
.250
04/15/33
51,158
60,000
(c)
WR
Grace
Holdings
LLC
6
.625
08/15/32
59,555
15,000
(c)
WR
Grace
Holdings
LLC
7
.000
08/01/33
14,900
TOTAL
MATERIALS
1,073,488
MEDIA
&
ENTERTAINMENT
-
8.5%
185,000
(c)
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp
4
.250
02/01/31
168,028
20,000
(c)
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp
7
.000
02/01/33
19,715
125,000
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
4
.400
12/01/61
79,807
55,000
(c)
Directv
Financing
LLC
8
.875
02/01/30
56,016
47
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MEDIA
&
ENTERTAINMENT
(continued)
$
35,000
(c)
Directv
Financing
LLC
/
Directv
Financing
Co-Obligor
Inc
10
.000
%
02/15/31
$
36,417
50,000
Discovery
Global
Holdings
Inc
4
.279
03/15/32
45,286
50,000
Discovery
Global
Holdings
Inc
5
.141
03/15/52
32,750
75,000
Discovery
Global
Holdings
Inc
5
.050
03/15/42
53,515
65,000
(c),(d)
Gray
Media
Inc
4
.750
10/15/30
52,035
60,000
(c)
Gray
Media
Inc
7
.250
08/15/33
61,095
75,000
(c)
McGraw-Hill
Education
Inc
7
.375
09/01/31
77,492
20,000
(c)
Neptune
Bidco
US
Inc
9
.500
02/15/33
20,016
40,000
(c)
Neptune
Bidco
US
Inc
10
.375
05/15/31
41,279
55,000
(c)
Nexstar
Media
Inc
7
.250
04/15/34
55,351
80,000
(c)
Nexstar
Media
Inc
6
.500
09/15/33
80,616
40,000
(c)
OAK-Eagle
Acquireco
Inc
7
.250
07/01/33
41,217
35,000
(c)
OAK-Eagle
Acquireco
Inc
8
.750
07/01/34
36,422
50,000
Paramount
Global
4
.950
01/15/31
47,165
55,000
(c),(d)
Scripps
Escrow
II
Inc
3
.875
01/15/29
52,114
50,000
(c)
Sirius
XM
Radio
LLC
3
.875
09/01/31
45,263
200,000
(c)
Sunrise
FinCo
I
BV
4
.875
07/15/31
192,144
45,000
(c)
Univision
Communications
Inc
4
.500
05/01/29
42,935
70,000
(c)
Univision
Communications
Inc
8
.500
07/31/31
71,043
40,000
(c)
Univision
Communications
Inc
8
.875
04/15/33
40,218
140,000
(c)
Virgin
Media
Secured
Finance
PLC
5
.500
05/15/29
135,081
80,000
(c)
Ziff
Davis
Inc
4
.625
10/15/30
75,614
TOTAL
MEDIA
&
ENTERTAINMENT
1,658,634
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
-
2.7%
90,000
(c)
1261229
BC
Ltd
10
.000
04/15/32
92,950
125,000
(c)
Bausch
Health
Cos
Inc
4
.875
06/01/28
117,416
30,000
(c)
BioMarin
Pharmaceutical
Inc
5
.500
01/31/34
29,789
20,000
(c)
Emergent
BioSolutions
Inc
3
.875
08/15/28
17,801
25,000
(c)
GENMAB
A/S/GENMAB
FINANCE
LLC
7
.250
12/15/33
26,067
35,000
(c)
Organon
&
Co
/
Organon
Foreign
Debt
Co-Issuer
BV
7
.875
05/15/34
37,497
200,000
(c)
Organon
&
Co
/
Organon
Foreign
Debt
Co-Issuer
BV
5
.125
04/30/31
198,730
TOTAL
PHARMACEUTICALS,
BIOTECHNOLOGY
&
LIFE
SCIENCES
520,250
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
-
1.2%
110,000
(c)
Anywhere
Real
Estate
Group
LLC
/
Anywhere
Co-Issuer
Corp
7
.000
04/15/30
110,052
50,000
(c)
Cushman
&
Wakefield
US
Borrower
LLC
6
.750
05/15/28
50,004
70,000
Kennedy-Wilson
Inc
4
.750
03/01/29
69,234
TOTAL
REAL
ESTATE
MANAGEMENT
&
DEVELOPMENT
229,290
SOFTWARE
&
SERVICES
-
2.3%
150,000
(c),(d)
Ahead
DB
Holdings
LLC
6
.625
05/01/28
148,470
80,000
(c)
ASGN
Inc
4
.625
05/15/28
74,779
20,000
(c),(d)
CoreWeave
Inc
9
.250
06/01/30
20,252
65,000
(c)
CoreWeave
Inc
9
.750
10/01/31
65,376
75,000
(c)
Open
Text
Corp
3
.875
12/01/29
67,597
71,000
(c)
Rocket
Software
Inc
9
.000
11/28/28
70,649
TOTAL
SOFTWARE
&
SERVICES
447,123
TECHNOLOGY
HARDWARE
&
EQUIPMENT
-
0.5%
100,000
(c)
Ingram
Micro
Inc
4
.750
05/15/29
98,266
TOTAL
TECHNOLOGY
HARDWARE
&
EQUIPMENT
98,266
TELECOMMUNICATION
SERVICES
-
7.6%
152,439
(c)
Altice
France
Lux
3
/
Altice
Holdings
1
9
.500
11/01/29
155,617
35,000
(c)
APLD
ComputeCo
2
LLC
6
.750
03/15/31
34,652
20,000
(c)
APLD
COMPUTECO
LLC
9
.250
12/15/30
21,498
40,000
(c)
Black
Pearl
Compute
LLC
6
.125
02/15/31
40,583
100,000
(c)
Cipher
Compute
LLC
7
.125
11/15/30
103,651
35,000
(c)
Digicel
International
Finance
Ltd
/
Difl
US
LLC
8
.625
08/01/32
36,411
95,000
(c)
Edged
Compute
LLC
7
.500
04/30/31
93,149
200,000
(c)
Iliad
Holding
SAS
8
.500
04/15/31
212,181
135,000
(c)
Level
3
Financing
Inc
8
.500
01/15/36
144,586
40,000
(c)
Level
3
Financing
Inc
7
.000
03/31/34
41,489
40,000
(c)
Level
3
Financing
Inc
6
.875
06/30/33
41,281
20,000
(c)
Meridian
Arc
Holdco
LLC
6
.250
04/30/31
19,995
Portfolio
of
Investments
April
30,
2026
(continued)
High
Yield
48
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TELECOMMUNICATION
SERVICES
(continued)
$
190,000
(c)
Sable
International
Finance
Ltd
7
.125
%
10/15/32
$
189,583
40,000
(c)
SV
RNO
Property
Owner
1
LLC
5
.875
03/01/31
39,246
40,000
(c)
Uniti
Group
LP
/
Uniti
Group
Finance
2019
Inc
/
CSL
Capital
LLC
8
.625
06/15/32
41,864
50,000
(c)
Uniti
Services
LLC
7
.500
10/15/33
52,643
90,000
(c)
Windstream
Services
LLC
/
Windstream
Escrow
Finance
Corp
8
.250
10/01/31
95,193
20,000
(c)
WULF
COMPUTE
LLC
7
.750
10/15/30
21,020
72,032
(c)
Zayo
Group
Holdings
Inc,
(cash
5.750%,
PIK
0.500%)
9
.250
03/09/30
72,068
18,661
(c)
Zayo
Group
Holdings
Inc,
(cash
7.125%,
PIK
1.875%)
13
.750
09/09/30
18,400
TOTAL
TELECOMMUNICATION
SERVICES
1,475,110
TRANSPORTATION
-
0.9%
25,000
(c)
GB
AIT
Buyer
Inc
8
.750
04/30/34
25,148
60,000
(c)
Stonepeak
Nile
Parent
LLC
7
.250
03/15/32
62,779
25,000
United
Airlines
Holdings
Inc
5
.375
03/01/31
24,640
55,000
(c)
XPO
Inc
7
.125
06/01/31
56,932
TOTAL
TRANSPORTATION
169,499
UTILITIES
-
4.8%
25,000
(c)
Clearway
Energy
Operating
LLC
5
.750
01/15/34
25,006
200,000
(c)
ContourGlobal
Power
Holdings
SA
6
.750
02/28/30
203,000
115,000
(c)
Ferrellgas
LP
/
Ferrellgas
Finance
Corp
5
.875
04/01/29
112,257
50,000
(c)
Ferrellgas
LP
/
Ferrellgas
Finance
Corp
9
.250
01/15/31
52,480
75,000
(c)
NRG
Energy
Inc
6
.000
02/01/33
75,580
60,000
(c)
NRG
Energy
Inc
6
.250
11/01/34
60,698
50,000
(c)
NRG
Energy
Inc
5
.750
01/15/34
49,631
45,000
(c)
Talen
Energy
Supply
LLC
6
.250
02/01/34
44,664
20,000
(c)
Talen
Energy
Supply
LLC
6
.500
02/01/36
20,076
50,000
(c),(g)
Talen
Energy
Supply
LLC
6
.375
05/01/33
50,065
130,000
(c)
TerraForm
Power
Operating
LLC
5
.000
01/31/28
128,732
40,000
(c)
VoltaGrid
LLC
7
.375
11/01/30
41,517
20,000
(c),(d)
XPLR
Infrastructure
Operating
Partners
LP
8
.375
01/15/31
21,371
40,000
(c)
XPLR
Infrastructure
Operating
Partners
LP
8
.625
03/15/33
42,865
TOTAL
UTILITIES
927,942
TOTAL
CORPORATE
BONDS
(Cost
$18,416,310)
18,605,859
SHARES
DESCRIPTION
VALUE
174,930
EXCHANGE-TRADED
FUNDS
-
0
.9
%
174,930
8,500
Invesco
Senior
Loan
ETF
174,930
TOTAL
EXCHANGE-TRADED
FUNDS
(Cost
$179,118)
174,930
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$18,610,867)
18,799,217
SHARES
DESCRIPTION
RATE
VALUE
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
3.0%
593,639
(h)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
3
.670
(i)
593,639
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
(Cost
$593,639)
593,639
TOTAL
INVESTMENTS
-
99
.9
%
(Cost
$
19,204,506
)
19,392,856
OTHER
ASSETS
&
LIABILITIES,
NET
-  0.1%
11,559
NET
ASSETS
-
100%
$
19,404,415
ETF
Exchange-Traded
Fund
PIK
Payment-in-kind
(“PIK”)
security.  Depending
on
the
terms
of
the
security,
income
may
be
received
in
the
form
of
cash,
securities,
or
a
combination
of
both.  The
PIK
rate
shown,
where
applicable,
represents
the
annualized
rate
of
the
last
PIK
payment
made
by
the
issuer
as
of
the
end
of
the
reporting
period.
49
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
(a)
Non-income
producing;
issuer
has
not
declared
an
ex-dividend
date
within
the
past
twelve
months.
(b)
Contains
$1,000
Par
Preferred
and/or
Contingent
Capital
Securities.
(c)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
fiscal
period,
the
aggregate
value
of
these
securities
is
$17,227,978
or
88.8%
of
Total
Investments.
(d)
Investment,
or
a
portion
of
investment,
is
out
on
loan
for
securities
lending.
The
total
value
of
the
securities
out
on
loan
as
of
the
end
of
the
fiscal
period
was
$568,596.
(e)
$1,000
Par
Institutional
Preferred
security.
As
of
the
end
of
the
period,
the
percent
of
$1,000
Par
Institutional
Preferred
securities
was
0.7%
of
Total
Investments.
(f)
Perpetual
security.
Maturity
date
is
not
applicable.
(g)
When-issued
or
delayed
delivery
security.
(h)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(i)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
High
Yield
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Common
Stocks
$
$
18,428
$
$
18,428
Corporate
Bonds
18,605,859
18,605,859
Exchange-Traded
Funds
174,930
174,930
Investments
Purchased
with
Collateral
from
Securities
Lending
593,639
593,639
Total
$
768,569
$
18,624,287
$
$
19,392,856
50
Portfolio
of
Investments
April
30,
2026
Preferred
Securities
and
Income
(Unaudited)
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LONG-TERM
INVESTMENTS
-
99.2%
17221848
CORPORATE
BONDS
-
96.2%
(a)
17221848
AUTOMOBILES
&
COMPONENTS
-
1.7%
$
300,000
(b),(c),(d)
General
Motors
Financial
Co
Inc
5.750
%
N/A
$
297,418
TOTAL
AUTOMOBILES
&
COMPONENTS
297,418
BANKS
-
48.0%
200,000
(c),(e)
Banco
Bilbao
Vizcaya
Argentaria
SA
9.375
N/A
220,197
200,000
(c),(e)
Banco
Bilbao
Vizcaya
Argentaria
SA
7.750
N/A
211,682
200,000
(c),(e)
Banco
Santander
SA
8.000
N/A
217,212
200,000
(c),(e)
Banco
Santander
SA
9.625
N/A
237,479
500,000
(c),(d)
Bank
of
America
Corp
6.625
N/A
515,682
200,000
(d)
Bank
of
Montreal
7.300
11/26/84
210,703
200,000
(d)
Bank
of
Nova
Scotia/The
6.875
10/27/85
202,383
315,000
(c),(e)
Barclays
PLC
9.625
N/A
351,527
200,000
(b),(c),(e)
Barclays
PLC
7.625
N/A
210,650
300,000
(c),(e),(f)
BNP
Paribas
SA
7.450
N/A
310,777
275,000
(c),(e),(f)
BNP
Paribas
SA
8.000
N/A
294,276
235,000
(c),(e),(f)
BNP
Paribas
SA
9.250
N/A
247,684
200,000
(d)
Canadian
Imperial
Bank
of
Commerce
6.950
01/28/85
203,906
300,000
(c),(d)
Citigroup
Inc
7.625
N/A
311,975
175,000
(c),(d)
Citigroup
Inc
7.125
N/A
177,562
57,000
(c),(d)
Citigroup
Inc
6.625
N/A
57,699
180,000
(c),(d)
Citigroup
Inc
6.875
N/A
182,754
75,000
(c),(d),(g)
Citizens
Financial
Group
Inc
(TSFR3M
+
3.419%)
7.097
N/A
74,958
200,000
(c),(e),(f)
Credit
Agricole
SA
7.125
N/A
207,287
100,000
(c),(d),(g)
First
Citizens
BancShares
Inc/NC
(TSFR3M
+
4.234%)
7.908
N/A
100,624
50,000
(c),(d)
First
Citizens
BancShares
Inc/NC
7.000
N/A
50,250
200,000
(c),(e)
HSBC
Holdings
PLC
8.000
N/A
208,531
200,000
(c),(e)
HSBC
Holdings
PLC
6.875
N/A
204,900
271,000
(b),(c),(e)
HSBC
Holdings
PLC
6.950
N/A
280,651
66,000
(c),(d)
Huntington
Bancshares
Inc/OH
6.250
N/A
66,095
200,000
(c),(e)
ING
Groep
NV
7.000
N/A
206,838
400,000
(c),(e)
ING
Groep
NV,
Reg
S
7.500
N/A
414,011
345,000
(c),(d)
JPMorgan
Chase
&
Co
6.500
N/A
354,161
200,000
(c),(e)
Lloyds
Banking
Group
PLC
8.000
N/A
213,289
150,000
(c),(d)
M&T
Bank
Corp
5.125
N/A
149,339
200,000
(c),(e)
NatWest
Group
PLC
8.125
N/A
220,815
200,000
(c),(e),(f)
Nordea
Bank
Abp
6.750
N/A
203,809
280,000
(c),(d)
PNC
Financial
Services
Group
Inc/The
6.200
N/A
281,862
225,000
(c),(d)
PNC
Financial
Services
Group
Inc/The
6.250
N/A
228,644
220,000
(c),(e),(f)
Societe
Generale
SA
9.375
N/A
232,006
150,000
(c),(e),(f)
Societe
Generale
SA
10.000
N/A
163,948
200,000
(c),(e),(f)
Standard
Chartered
PLC
7.750
N/A
206,115
200,000
(d)
Toronto-Dominion
Bank/The
6.350
10/31/85
201,345
60,000
(c),(d)
Truist
Financial
Corp
5.100
N/A
60,396
100,000
(c),(d)
Wells
Fargo
&
Co
6.125
N/A
100,347
TOTAL
BANKS
8,594,369
CAPITAL
GOODS
-
0.6%
119,000
(c),(d)
Sumisho
Air
Lease
Corp
6.000
N/A
115,276
TOTAL
CAPITAL
GOODS
115,276
ENERGY
-
7.5%
161,000
(d)
Enbridge
Inc
7.625
01/15/83
174,450
190,000
(d)
Enbridge
Inc
8.500
01/15/84
216,431
24,000
(c),(d)
Energy
Transfer
LP
6.625
N/A
24,211
101,000
(c),(d)
Energy
Transfer
LP
7.125
N/A
103,731
89,000
(c),(d)
Energy
Transfer
LP
6.500
N/A
89,105
75,000
(d)
Energy
Transfer
LP
8.000
05/15/54
79,502
125,000
(d)
Energy
Transfer
LP
6.750
02/15/56
125,898
109,000
(d)
South
Bow
Canadian
Infrastructure
Holdings
Ltd
7.500
03/01/55
115,239
145,000
(c),(d),(f)
Sunoco
LP
7.875
N/A
150,156
180,000
(d)
Transcanada
Trust
5.600
03/07/82
177,801
51
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ENERGY
(continued)
$
93,000
(c),(d),(f)
Venture
Global
LNG
Inc
9.000
%
N/A
$
91,981
TOTAL
ENERGY
1,348,505
FINANCIAL
SERVICES
-
14.7%
137,000
(d)
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
6.950
03/10/55
141,866
94,000
(c),(d)
Ally
Financial
Inc
7.100
N/A
93,926
71,000
(c),(d)
Charles
Schwab
Corp/The
6.100
N/A
71,031
250,000
(c),(d),(f)
Compeer
Financial
ACA
7.875
N/A
253,750
60,000
(c),(d)
Corebridge
Financial
Inc
6.875
N/A
61,714
400,000
(h)
Credit
Suisse
Group
AG
7.500
06/11/72
136,000
310,000
(h)
Credit
Suisse
Group
AG
7.500
01/17/72
105,400
200,000
(c),(e)
Deutsche
Bank
AG,
Reg
S
8.130
N/A
212,181
125,000
(c),(d)
Goldman
Sachs
Group
Inc/The
7.500
N/A
131,404
125,000
(c),(d)
Goldman
Sachs
Group
Inc/The
7.500
N/A
130,635
333,000
(b),(c),(d)
Goldman
Sachs
Group
Inc/The
6.125
N/A
335,487
200,000
(c),(e)
Nomura
Holdings
Inc
7.000
N/A
206,074
85,000
(c),(d)
State
Street
Corp
6.700
N/A
87,590
200,000
(c),(e),(f)
UBS
Group
AG
9.250
N/A
233,408
400,000
(c),(e),(f)
UBS
Group
AG
9.250
N/A
432,850
TOTAL
FINANCIAL
SERVICES
2,633,316
HEALTH
CARE
EQUIPMENT
&
SERVICES
-
0.9%
52,000
(d)
CVS
Health
Corp
6.750
12/10/54
53,873
100,000
(d)
CVS
Health
Corp
7.000
03/10/55
103,752
TOTAL
HEALTH
CARE
EQUIPMENT
&
SERVICES
157,625
INSURANCE
-
10.3%
67,000
(d)
American
National
Group
Inc
7.000
12/01/55
65,474
300,000
(d)
Assurant
Inc
7.000
03/27/48
303,876
197,000
(d)
Corebridge
Financial
Inc
6.375
09/15/54
195,887
170,000
(d),(f)
Enstar
Group
Ltd
7.500
04/01/45
175,988
325,000
(d),(f)
MetLife
Inc
9.250
04/08/38
382,632
66,000
(d)
MetLife
Inc
6.350
03/15/55
67,562
130,000
(d)
Prudential
Financial
Inc
6.500
03/15/54
133,861
340,000
(b),(c),(d),(f)
SBL
Holdings
Inc
6.500
N/A
307,341
200,000
(c),(e)
Standard
Life
PLC,
Reg
S
8.500
N/A
213,259
TOTAL
INSURANCE
1,845,880
MEDIA
&
ENTERTAINMENT
-
1.7%
293,000
(c),(d),(f)
Farm
Credit
Bank
of
Texas
7.750
N/A
304,407
TOTAL
MEDIA
&
ENTERTAINMENT
304,407
TELECOMMUNICATION
SERVICES
-
3.0%
158,000
(d)
Bell
Telephone
Co
of
Canada
or
Bell
Canada
7.000
09/15/55
163,965
110,000
(d)
Rogers
Communications
Inc
7.125
04/15/55
113,477
47,000
(d)
TELUS
Corp
7.000
10/15/55
48,613
200,000
(d)
Vodafone
Group
PLC
7.000
04/04/79
208,576
TOTAL
TELECOMMUNICATION
SERVICES
534,631
UTILITIES
-
7.8%
85,000
(d)
AES
Corp/The
7.600
01/15/55
86,592
75,000
(d)
AES
Corp/The
6.950
07/15/55
73,166
50,000
(d)
CMS
Energy
Corp
6.500
06/01/55
51,229
52,000
(d)
Dominion
Energy
Inc
7.000
06/01/54
55,447
49,000
(d)
Duke
Energy
Corp
6.450
09/01/54
51,193
10,000
(d)
Emera
US
Finance
LLC
6.850
10/01/56
10,030
115,000
(d)
Entergy
Corp
7.125
12/01/54
118,390
147,000
(d)
EUSHI
Finance
Inc
7.625
12/15/54
152,189
172,000
(d)
NextEra
Energy
Capital
Holdings
Inc
6.750
06/15/54
180,105
64,000
(d)
PG&E
Corp
7.375
03/15/55
65,828
163,000
(d)
Sempra
6.550
04/01/55
164,675
55,000
(d)
Sempra
6.375
04/01/56
55,628
325,000
(c),(d),(f)
Vistra
Corp
7.000
N/A
325,949
TOTAL
UTILITIES
1,390,421
TOTAL
CORPORATE
BONDS
(Cost
$17,017,112)
17,221,848
Portfolio
of
Investments
April
30,
2026
(continued)
Preferred
Securities
and
Income
52
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
539,003
U.S.
GOVERNMENT
AND
AGENCY
OBLIGATIONS
-
3.0%
539,003
$
540,000
(c)
CoBank
ACB
6.450
%
N/A
$
539,003
TOTAL
U.S.
GOVERNMENT
AND
AGENCY
OBLIGATIONS
(Cost
$529,416)
539,003
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$17,546,528)
17,760,851
SHARES
DESCRIPTION
RATE
VALUE
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
7.5%
1,350,967
(i)
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
3.670
(j)
1,350,967
TOTAL
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
(Cost
$1,350,967)
1,350,967
TOTAL
INVESTMENTS
-
106.7%
(Cost
$18,897,495
)
19,111,818
OTHER
ASSETS
&
LIABILITIES,
NET
-  (6.7)%
(1,206,584)
NET
ASSETS
-
100%
$
17,905,234
Reg
S
Regulation
S
allows
U.S.
companies
to
sell
securities
to
persons
or
entities
located
outside
of
the
United
States
without
registering
those
securities
with
the
Securities
and
Exchange
Commission.
Specifically,
Regulation
S
provides
a
safe
harbor
from
the
registration
requirements
of
the
Securities
Act
for
the
offers
and
sales
of
securities
by
both
foreign
and
domestic
issuers
that
are
made
outside
the
United
States.
TSFR3M
CME
Term
Secured
Overnight
Financing
Rate
3
Month
(a)
Contains
$1,000
Par
Preferred
and/or
Contingent
Capital
Securities.
(b)
Investment,
or
a
portion
of
investment,
is
out
on
loan
for
securities
lending.
The
total
value
of
the
securities
out
on
loan
as
of
the
end
of
the
fiscal
period
was
$1,306,104.
(c)
Perpetual
security.
Maturity
date
is
not
applicable.
(d)
$1,000
Par
Institutional
Preferred
security.
As
of
the
end
of
the
period,
the
percent
of
$1,000
Par
Institutional
Preferred
securities
was
55.6%
of
Total
Investments.
(e)
Contingent
Capital
Securities
(“CoCos”)
are
debt
or
preferred
securities
with
loss
absorption
characteristics
built
into
the
terms
of
the
security
for
the
benefit
of
the
issuer,
for
example
an
automatic
write-down
of
principal
or
a
mandatory
conversion
into
the
issuer’s
common
stock
under
certain
adverse
circumstances,
such
as
the
issuer’s
capital
ratio
falling
below
a
specified
level.
As
of
the
end
of
the
reporting
period,
the
Fund’s
total
investment
in
CoCos
was
33.3%
of
Total
Investments.
(f)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
fiscal
period,
the
aggregate
value
of
these
securities
is
$4,524,364
or
23.7%
of
Total
Investments.
(g)
Floating
or
variable
rate
security
includes
the
reference
rate
and
spread,
when
applicable.  For
mortgage-backed
or
asset-backed
securities
the
variable
rate
is
based
on
the
underlying
asset
of
the
security.
Coupon
rate
reflects
the
rate
at
period
end.
(h)
For
fair
value
measurement
disclosure
purposes,
investment
classified
as
Level
3.
(i)
Investments
made
with
cash
collateral
received
from
securities
on
loan.
(j)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
53
Level
3
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
The
following
is
a
reconciliation
of
the
Fund’s
Level
3
investments
held
at
the
beginning
and
end
of
the
measurement
period:
The
valuation
techniques
and
significant
unobservable
inputs
used
in
recurring
Level
3
fair
value
measurements
of
assets
as
of
the
end
of
the
report-
ing
period,
were
as
follows:
Preferred
Securities
and
Income
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Corporate
Bonds
$
$
16,980,448
$
241,400
$
17,221,848
U.S.
Government
and
Agency
Obligations
539,003
539,003
Investments
Purchased
with
Collateral
from
Securities
Lending
1,350,967
1,350,967
Total
$
1,350,967
$
17,519,451
$
241,400
$
19,111,818
NISP
Level
3
Corporate
Bonds
Balance
at
the
beginning
of
period
$83,425
Gains
(losses):
Net
realized
gains
(losses)
-
Change
in
net
unrealized
appreciation
(depreciation)
157,975
Purchases
at
cost
-
Sales
at
proceeds
-
Net
discounts
(premiums)
-
Transfers
into
-
Transfers
(out
of)
-
Balance
at
the
end
of
period
$241,400
Change
in
net
unrealized
appreciation
(depreciation)
during
the
period
of
Level
3
securities
held
as
of
period
end
$157,975
Fund
Asset
Class
Market
Value
Techniques
Unobservable
Inputs
Range
Weighted
Average
NISP
Corporate
Bond
$241,400
Indicative
Quote
Broker
Quote
$34.00
N/A
54
Portfolio
of
Investments
April
30,
2026
Securitized
Credit
(Unaudited)
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LONG-TERM
INVESTMENTS
-
100.2%
ASSET-BACKED
SECURITIES
-
16.0%
$
64,489
(a)
Alterna
Funding
III
LLC,
Series
2024
1A
6.260
%
05/16/39
$
64,585
69,313
(a)
Alterna
Funding
III
LLC,
Series
2024
1A
7.136
05/16/39
69,312
100,000
(a)
Avis
Budget
Rental
Car
Funding
AESOP
LLC,
Series
2024
1A
5.850
06/20/30
102,294
97,333
(a)
Cars
Net
Lease
Mortgage
Notes,
Series
2020
1A
3.100
12/15/50
93,168
327,104
(a)
CARS-DB7
LP,
Series
2023
1A
5.750
09/15/53
328,155
350,000
Carvana
Auto
Receivables
Trust
2024-P4,
Series
2024
P4
5.000
02/10/31
351,793
250,000
(a)
Centersquare
Issuer
LLC,
Series
2025
3A
5.000
08/25/55
237,266
300,000
(a)
Consolidated
Communications
LLC/Fidium
Fiber
Finance
Holdco
LLC,
Series
2025
4A
5.522
12/20/55
302,376
250,000
(a)
Domino's
Pizza
Master
Issuer
LLC,
Series
2025
1A
5.217
07/25/55
247,810
250,000
(a),(b)
Elmwood
CLO
14
Ltd,
Series
2022
1A,
(TSFR3M
+
1.700%)
5.375
10/20/38
250,827
249,498
(a)
GBX
Leasing
2022-1
LLC,
Series
2026
1A
5.130
02/20/56
246,917
250,000
(a)
Hertz
Vehicle
Financing
III
LLC,
Series
2025
6A
5.140
05/25/32
246,544
100,000
(a)
Hertz
Vehicle
Financing
III
LP,
Series
2021
2A
2.120
12/27/27
98,847
200,000
(a)
HI-FI
Music
IP
Issuer
LP,
Series
2022
1A
3.939
02/01/62
198,509
49,221
(a)
Hilton
Grand
Vacations
Trust
2024-2,
Series
2024
2A
5.500
03/25/38
50,001
283,607
(a)
Horizon
Aircraft
Finance
IV
Ltd,
Series
2024
1
5.375
09/15/49
281,283
100,000
(a)
Hotwire
Funding
LLC,
Series
2024
1A
5.893
06/20/54
101,213
250,000
(a)
Jersey
Mike's
Funding
LLC,
Series
2026
1A
4.952
02/15/56
247,589
200,000
(a)
Kinetic
ABS
Issuer
LLC,
Series
2026
1A
5.219
02/25/56
199,366
250,000
(a)
Lmdv
Issuer
Co
LLC,
Series
2025
1A
5.310
12/15/55
248,957
250,000
(a)
Lmrk
Issuer
Co
2
LLC,
Series
2025
1A
5.520
09/15/55
248,713
184,967
(a)
Lyra
Music
Assets
Delaware
LP,
Series
2024
2A
5.760
12/22/64
186,083
250,000
(a)
MetroNet
Infrastructure
Issuer
LLC,
Series
2025
2A
5.400
08/20/55
251,979
94,396
(a)
MVW
2020-1
LLC,
Series
2020
1A
1.740
10/20/37
93,661
500,000
(a),(b)
OHA
Credit
Funding
3
LTD,
Series
2019
3A,
(TSFR3M
+
1.600%)
5.275
01/20/38
501,341
250,000
(a),(b)
OHA
Credit
Funding
3
LTD,
Series
2019
3A
5.564
01/20/38
250,888
250,000
(a)
Onemain
Financial
Issuance
Trust
2025-1,
Series
2025
1A
5.200
07/14/38
250,451
183,456
(a)
PenFed
Auto
Receivables
Owner
Trust
2022-A,
Series
2022
A
4.830
12/15/28
183,495
250,000
(a)
Planet
Fitness
Master
Issuer
LLC,
Series
2025
1A
5.274
12/06/55
249,014
250,000
(a)
RCKT
Trust
2025-PL1,
Series
2025
1A
5.420
07/25/34
249,504
250,000
(a)
Regional
Management
Issuance
Trust
2024-2,
Series
2024
2
5.490
12/15/33
251,226
295,625
(a)
Store
Master
Funding
I-VII
XIV
XIX
XX
XXIV,
Series
2023
1A
6.190
06/20/53
295,845
250,000
(a)
Summit
Issuer
LLC,
Series
2025
1A
5.208
11/20/55
250,146
250,000
(a)
Taco
Bell
Funding
LLC,
Series
2025
1A
4.821
08/25/55
247,161
250,000
(a),(b)
Texas
Debt
Capital
CLO
2024-I
Ltd,
Series
2024
1A,
(TSFR3M
+
1.950%)
5.614
04/22/37
250,419
245,930
(a)
Trinity
Rail
Leasing
L.P.,
Series
2025
1A
5.090
10/19/55
242,220
350,000
(a)
VB-S1
Issuer
LLC
-
VBTEL,
Series
2024
1A
5.590
05/15/54
352,831
246,457
(a)
Willis
Engine
Structured
Trust
IX,
Series
2025
B
5.159
12/15/50
244,851
250,000
(a)
Zayo
Issuer
LLC,
Series
2025
1A
5.648
03/20/55
252,205
TOTAL
ASSET-BACKED
SECURITIES
(Cost
$8,801,120)
8,818,845
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
253,914
CORPORATE
BONDS
-
0.5%
253,914
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
-
0.5%
250,000
(a)
SBA
Tower
Trust
6.599
01/15/28
253,914
TOTAL
EQUITY
REAL
ESTATE
INVESTMENT
TRUSTS
(REITS)
253,914
TOTAL
CORPORATE
BONDS
(Cost
$254,205)
253,914
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MORTGAGE-BACKED
SECURITIES
-
83.7%
100,000
(b)
BANK
2019-BNK20,
Series
2019
BN20
3.243
09/15/62
89,878
350,000
BANK
2019-BNK22,
Series
2019
BN22
3.210
11/15/62
326,107
375,000
(b)
BANK
2019-BNK24,
Series
2019
BN24
3.283
11/15/62
347,459
295,000
(b)
BANK
2021-BNK31,
Series
2021
BN31
2.211
02/15/54
257,125
55
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MORTGAGE-BACKED
SECURITIES
(continued)
$
200,000
BANK
2022-BNK39,
Series
2022
BNK39
3.181
%
02/15/55
$
181,058
200,000
(b)
BANK
2023-BNK46,
Series
2023
BNK46
6.385
08/15/56
210,286
200,000
(b)
BANK
2024-BNK48,
Series
2024
BNK48
5.355
10/15/57
199,965
69,845
(a),(b)
Bayview
MSR
Opportunity
Master
Fund
Trust
2021-INV4,
Series
2021
4
2.500
10/25/51
57,517
30,000
(b)
BBCMS
Mortgage
Trust
2023-C20,
Series
2023
C20
5.973
07/15/56
31,247
200,000
BBCMS
Mortgage
Trust
2024-C24,
Series
2024
C24
5.867
02/15/57
207,121
200,000
(a)
BBCMS
Trust
2015-SRCH,
Series
2015
SRCH
4.197
08/10/35
194,495
500,000
Benchmark
2019-B11
Mortgage
Trust,
Series
2019
B11
3.784
05/15/52
456,297
350,000
Benchmark
2019-B12
Mortgage
Trust,
Series
B12
3.419
08/15/52
332,896
300,000
Benchmark
2019-B14
Mortgage
Trust,
Series
2019
B14
3.352
12/15/62
273,777
199,000
(b)
Benchmark
2019-B15
Mortgage
Trust,
Series
2019
B15
3.829
12/15/72
160,823
105,000
(a),(b)
Benchmark
2020-IG3
Mortgage
Trust,
Series
2020
IG3
3.190
09/15/48
86,341
100,000
Benchmark
2021-B28
Mortgage
Trust,
Series
2021
B28
2.429
08/15/54
86,767
500,000
(b)
Benchmark
2022-B35
Mortgage
Trust,
Series
2022
B35
4.590
05/15/55
484,885
155,000
(b)
Benchmark
2024-V10
Mortgage
Trust,
Series
2024
V10
5.725
09/15/57
158,214
200,000
(b)
BMO
2022-C3
MORTGAGE
TRUST,
Series
2022
C3
5.502
09/15/54
203,113
200,000
(b)
BMO
2023-C5
Mortgage
Trust,
Series
2023
C5
6.162
06/15/56
207,972
250,000
BMO
2023-C5
Mortgage
Trust,
Series
2023
C5
5.765
06/15/56
258,907
250,000
(b)
BMO
2025-C12
Mortgage
Trust,
Series
2025
C12
6.195
06/15/58
264,759
175,000
BMO
Mortgage
Trust,
Series
2026
C14
5.522
02/15/59
175,899
200,000
(a),(b)
BX
Trust
2026-RISE,
Series
2026
RISE,
(TSFR1M
+
1.450%)
5.120
04/15/41
200,376
569,943
(a)
CAMB
Commercial
Mortgage
Trust
2021-CX2,
Series
2021
CX2
2.700
11/10/46
494,306
34,343
(a),(b)
Chase
Home
Lending
Mortgage
Trust,
Series
2026
2
5.500
12/25/56
34,167
200,000
(b)
Citigroup
Commercial
Mortgage
Trust
2016-C3,
Series
2016
C3
3.366
11/15/49
198,293
295,000
(b)
COMM
2018-COR3
Mortgage
Trust,
Series
2018
COR3
4.668
05/10/51
254,977
300,000
(a),(b)
Connecticut
Avenue
Securities
Trust
2022-R05,
Series
2022
R05,
(SOFR30A
+
3.000%)
6.645
04/25/42
304,691
300,000
(a),(b)
Connecticut
Avenue
Securities
Trust
2022-R07,
Series
2022
R07,
(SOFR30A
+
4.650%)
8.295
06/25/42
312,236
100,000
(a),(b)
Connecticut
Avenue
Securities
Trust
2022-R09,
Series
2022
R09,
(SOFR30A
+
4.750%)
8.395
09/25/42
105,032
315,000
(a),(b)
Connecticut
Avenue
Securities
Trust
2023-R01,
Series
2023
R01,
(SOFR30A
+
3.750%)
7.395
12/25/42
328,162
300,000
(a),(b)
Connecticut
Avenue
Securities
Trust
2023-R08,
Series
2023
R08,
(SOFR30A
+
2.500%)
6.145
10/25/43
305,740
45,000
(b)
CSAIL
2017-CX10
Commercial
Mortgage
Trust,
Series
2017
CX10
3.458
11/15/50
44,021
200,000
CSAIL
2019-C17
Commercial
Mortgage
Trust,
Series
2019
C17
3.278
09/15/52
182,350
200,000
CSAIL
2020-C19
Commercial
Mortgage
Trust,
Series
2020
C19
2.971
03/15/53
175,355
250,000
DBJPM
20-C9
Mortgage
Trust,
Series
2020
C9
1.926
08/15/53
224,033
85,377
(a)
DBWF
Mortgage
Trust,
Series
2015
LCM
2.998
06/10/34
84,840
300,000
(a)
DOLP
Trust
2021-NYC,
Series
2021
NYC
2.956
05/10/41
270,180
200,000
(a),(b)
DTP
Commercial
Mortgage
Trust
2023-STE2,
Series
2023
STE2
6.038
01/15/41
202,002
350,000
(a),(b)
ELP
Commercial
Mortgage
Trust,
Series
2025
ELP
4.757
11/13/42
345,937
494,760
(a)
EQT
Trust
2024-EXTR,
Series
2024
EXTR
5.331
07/05/41
501,895
148,461
Fannie
Mae
Pool,
FN
MA4917
4.500
02/01/53
143,258
112,614
Fannie
Mae
Pool,
FN
MA4842,
Series
2022
1
5.500
12/01/52
113,795
549,451
Fannie
Mae
Pool,
FN
MA4805,
Series
2022
1
4.500
11/01/52
530,762
68,928
Fannie
Mae
Pool,
FN
MA4804
4.000
11/01/52
64,765
721,996
Fannie
Mae
Pool,
FN
MA4784
4.500
10/01/52
698,107
546,632
Fannie
Mae
Pool,
FN
MA4732
4.000
09/01/52
514,408
392,588
Fannie
Mae
Pool,
FN
MA4737,
Series
2022
1
5.000
08/01/52
388,823
1,218,146
Fannie
Mae
Pool,
FN
MA4733
4.500
09/01/52
1,177,088
275,002
Fannie
Mae
Pool,
FN
MA4919
5.500
02/01/53
277,520
359,618
Fannie
Mae
Pool,
FN
MA4701,
Series
2022
1
4.500
08/01/52
347,681
276,576
Fannie
Mae
Pool,
FN
MA4700,
Series
2022
1
4.000
08/01/52
260,355
76,027
Fannie
Mae
Pool,
FN
MA4761
5.000
09/01/52
75,387
902,634
Fannie
Mae
Pool,
FN
MA4978
5.000
04/01/53
893,697
1,339,765
Fannie
Mae
Pool,
FN
MA5106
5.000
08/01/53
1,325,011
Portfolio
of
Investments
April
30,
2026
(continued)
Securitized
Credit
56
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MORTGAGE-BACKED
SECURITIES
(continued)
$
133,603
Fannie
Mae
Pool,
FN
MA5039
5.500
%
06/01/53
$
134,786
48,823
Fannie
Mae
Pool,
FN
MA5070
4.500
07/01/53
47,036
248,488
Fannie
Mae
Pool,
FN
MA5107
5.500
08/01/53
250,655
215,450
Fannie
Mae
Pool,
FN
MA5164
5.000
10/01/53
213,040
2,029,906
Fannie
Mae
Pool,
FN
MA5165
5.500
10/01/53
2,046,625
295,860
Fannie
Mae
Pool,
FN
MA5247
6.000
01/01/54
302,233
180,289
Fannie
Mae
Pool,
FN
MA5295
6.000
03/01/54
184,064
1,644,994
Fannie
Mae
Pool,
FN
MA5331
5.500
04/01/54
1,654,494
1,132,865
Fannie
Mae
Pool,
FN
MA5353
5.500
05/01/54
1,139,768
206,737
Fannie
Mae
Pool,
FN
MA5389
6.000
06/01/54
211,066
137,909
Fannie
Mae
Pool,
FN
MA5497
5.500
10/01/54
138,652
383,618
Fannie
Mae
Pool,
FN
MA4655
4.000
07/01/52
360,342
321,236
Fannie
Mae
Pool,
FN
MA5009
5.000
05/01/53
318,039
1,614,909
Fannie
Mae
Pool,
FN
MA4626
4.000
06/01/52
1,521,728
150,016
Fannie
Mae
Pool,
FN
MA4918
5.000
02/01/53
148,527
594,660
Fannie
Mae
Pool,
FN
MA4598
2.500
05/01/52
500,622
147,029
Fannie
Mae
Pool,
FN
310210,
Series
2022
1
4.000
05/01/44
141,984
96,161
Fannie
Mae
Pool,
FN
CB1301
2.500
08/01/51
82,236
197,480
Fannie
Mae
Pool,
FN
CB2804
2.500
02/01/52
168,629
261,459
Fannie
Mae
Pool,
FN
CB3599
3.500
05/01/52
238,355
217,354
Fannie
Mae
Pool,
FN
CB3905
3.500
06/01/52
198,143
109,069
Fannie
Mae
Pool,
FN
FA0197
4.000
02/01/54
102,696
279,438
Fannie
Mae
Pool,
FN
MA4624
3.000
06/01/52
245,283
63,590
Fannie
Mae
Pool,
FN
FS5179
5.000
06/01/53
63,086
82,731
Fannie
Mae
Pool,
FN
FS7299
3.000
05/01/52
73,304
301,992
Fannie
Mae
Pool,
FN
MA4512
2.500
01/01/52
254,845
740,722
Fannie
Mae
Pool,
FN
MA4548
2.500
02/01/52
624,103
261,750
Fannie
Mae
Pool,
FN
MA4578
2.500
04/01/52
220,409
1,645,147
Fannie
Mae
Pool,
FN
MA4579
3.000
04/01/52
1,443,724
447,242
Fannie
Mae
Pool,
FN
FS1535
3.000
04/01/52
396,315
80,738
Fannie
Mae
REMICS,
Series
2022
18
3.500
04/25/52
62,761
90,607
(a),(b)
Flagstar
Mortgage
Trust
2021-10INV,
Series
2021
10IN
3.495
10/25/51
75,210
75,208
(a),(b)
Flagstar
Mortgage
Trust
2021-13INV,
Series
2021
13IN
3.000
12/30/51
64,470
89,661
(a),(b)
Flagstar
Mortgage
Trust
2021-5INV,
Series
2021
5INV
3.337
07/25/51
74,158
272,733
(a),(b)
Flagstar
Mortgage
Trust
2021-8INV,
Series
2021
8INV
3.505
09/25/51
230,249
592,717
Freddie
Mac
Pool,
FR
SD8245
4.500
09/01/52
572,590
168,159
Freddie
Mac
Pool,
FR
RA9629
5.500
08/01/53
169,467
34,499
Freddie
Mac
Pool,
FR
RA7211,
Series
2022
1
4.000
04/01/52
32,514
530,124
Freddie
Mac
Pool,
FR
RA6766
2.500
02/01/52
453,023
952,117
Freddie
Mac
Pool,
FR
SD8329
5.000
06/01/53
942,642
255,725
Freddie
Mac
Pool,
FR
SD8231
4.500
07/01/52
247,132
344,311
Freddie
Mac
Pool,
FR
SD8178
2.500
11/01/51
290,415
120,950
Freddie
Mac
Pool,
FR
SD4999
5.000
08/01/53
119,658
27,997
Freddie
Mac
REMICS,
Series
2020
5017
2.000
09/25/50
19,188
43,741
Freddie
Mac
REMICS,
Series
2018
4776
4.000
03/15/48
41,440
35,580
Freddie
Mac
REMICS,
Series
2018
4783
4.000
04/15/48
33,655
101,889
Freddie
Mac
REMICS,
Series
2025
5604
4.500
12/25/55
88,087
144,224
(a),(b)
GCAT
2022-INV1
Trust,
Series
2022
INV1
3.000
12/25/51
123,632
54,563
Ginnie
Mae
II
Pool,
G2
MA8428
5.000
11/20/52
54,427
94,188
Ginnie
Mae
II
Pool,
G2
MA8201
4.500
08/20/52
91,594
459,065
Ginnie
Mae
II
Pool,
G2
MA8200
4.000
08/20/52
432,137
220,453
Ginnie
Mae
II
Pool,
G2
MA8724
4.500
03/20/53
214,099
288,280
Ginnie
Mae
II
Pool,
G2
MA7768,
Series
2021
1
3.000
12/20/51
257,054
288,880
Ginnie
Mae
II
Pool,
G2
MA8149
3.500
07/20/52
263,393
50,946
Ginnie
Mae
II
Pool,
G2
MA7419,
Series
2021
MTGE
3.000
06/20/51
45,413
108,318
Government
National
Mortgage
Association,
Series
2023
111
3.000
02/20/52
75,116
600,000
(a)
Grace
Trust
2020-GRCE,
Series
2020
GRCE
2.347
12/10/40
536,363
575,000
GS
Mortgage
Securities
Trust
2017-GS6,
Series
2017
GS6
3.638
05/10/50
556,024
45,000
GS
Mortgage
Securities
Trust
2019-GSA1,
Series
2019
GSA1
3.340
11/10/52
42,333
750,000
(b)
GS
Mortgage
Securities
Trust
2020-GC45,
Series
2020
GC45
3.173
02/13/53
694,490
55,108
(a),(b)
GS
Mortgage-Backed
Securities
Corp
Trust
2020-PJ6,
Series
2020
PJ6
2.500
05/25/51
45,380
57
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MORTGAGE-BACKED
SECURITIES
(continued)
$
215,104
(a),(b)
GS
Mortgage-Backed
Securities
Trust
2021-PJ6,
Series
2021
PJ6
2.500
%
11/25/51
$
176,753
80,281
(a),(b)
GS
Mortgage-Backed
Securities
Trust
2023-PJ1,
Series
2023
PJ1
3.500
02/25/53
71,089
500,000
(a),(b)
Houston
Galleria
Mall
Trust
2025-HGLR,
Series
2025
HGLR
5.644
02/05/45
512,279
125,000
(a),(b)
HTL
Commercial
Mortgage
Trust
2024-T53,
Series
2024
T53
6.774
05/10/39
126,090
73,206
(a),(b)
J.P.
Morgan
Mortgage
Trust
2021-15,
Series
2021
15
2.500
06/25/52
60,242
381,717
(a),(b)
J.P.
Morgan
Mortgage
Trust
2022-6,
Series
2022
6
3.000
11/25/52
326,482
202,713
(a),(b)
JP
Morgan
Mortgage
Trust
2017-2,
Series
2
3.500
05/25/47
184,567
205,873
(a),(b)
JP
Morgan
Mortgage
Trust
2017-5,
Series
2017
5
4.725
10/26/48
205,756
75,779
(a),(b)
JP
Morgan
Mortgage
Trust
2018-4,
Series
2018
4
3.500
10/25/48
68,288
217,929
(a),(b)
JP
Morgan
Mortgage
Trust
2018-5,
Series
2018
5
3.500
10/25/48
196,261
230,039
(a),(b)
JP
Morgan
Mortgage
Trust
2020-1,
Series
2020
1
3.815
06/25/50
207,632
349,989
(a),(b)
JP
Morgan
Mortgage
Trust
2020-7,
Series
2020
7
3.000
01/25/51
304,595
36,241
(a),(b)
JP
Morgan
Mortgage
Trust
2021-10,
Series
2021
10
2.500
12/25/51
29,753
278,245
(a),(b)
JP
Morgan
Mortgage
Trust
2021-11,
Series
2021
11
2.500
01/25/52
230,011
269,984
(a),(b)
JP
Morgan
Mortgage
Trust
2021-12,
Series
2021
12
2.500
02/25/52
221,578
21,857
(a),(b)
JP
Morgan
Mortgage
Trust
2021-4,
Series
2021
4
2.888
08/25/51
17,892
103,727
(a),(b)
JP
Morgan
Mortgage
Trust
2021-7,
Series
2021
7
2.500
11/25/51
85,420
88,693
(a),(b)
JP
Morgan
Mortgage
Trust
2021-INV4,
Series
2021
INV4
3.204
01/25/52
72,370
88,800
(a),(b)
JP
Morgan
Mortgage
Trust
2021-INV6,
Series
2021
INV6
3.345
04/25/52
73,212
70,931
(a),(b)
JP
Morgan
Mortgage
Trust
2022-LTV1,
Series
2022
LTV1
3.250
07/25/52
63,388
223,505
(b)
JPMBB
Commercial
Mortgage
Securities
Trust
2014-C23,
Series
2014
C23
4.673
09/15/47
220,907
100,000
JPMCC
Commercial
Mortgage
Securities
Trust
2019-COR4,
Series
2019
COR4
4.290
03/10/52
95,321
156,434
JPMDB
Commercial
Mortgage
Securities
Trust
2016-C2,
Series
2016
C2
3.144
06/15/49
156,022
390,000
(b)
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
2025-C35,
Series
2025
C35
5.970
08/15/58
406,462
100,000
Morgan
Stanley
Capital
I
Trust
2019-H7,
Series
2019
H7
3.524
07/15/52
95,161
124,220
(a),(b)
Morgan
Stanley
Capital
I
Trust
2024-NSTB,
Series
2024
NSTB
3.900
09/24/57
122,707
68,404
(a),(b)
Morgan
Stanley
Residential
Mortgage
Loan
Trust
2021-5,
Series
2021
5
2.500
08/25/51
56,331
237,185
(a),(b)
Morgan
Stanley
Residential
Mortgage
Loan
Trust
2023-1,
Series
2023
1
4.000
02/25/53
216,389
155,000
(b)
MSWF
Commercial
Mortgage
Trust
2023-2,
Series
2023
2
6.491
12/15/56
166,581
250,000
(a)
Natixis
Commercial
Mortgage
Securities
Trust
2019-LVL,
Series
2019
LVL
3.885
08/15/38
242,781
244,444
(a),(b)
OBX
2022-INV5
Trust,
Series
2022
INV5
4.000
10/25/52
223,165
74,602
(a),(b)
Oceanview
Mortgage
Trust
2022-1,
Series
2022
1
4.500
11/25/52
70,837
600,000
(a)
One
Bryant
Park
Trust
2019-OBP,
Series
2019
OBP
2.516
09/15/54
555,759
200,000
(a),(b)
ONNI
Commerical
Mortgage
Trust
2024-APT,
Series
2024
APT
5.753
07/15/39
202,199
100,000
(a),(b)
PMT
Loan
Trust
2026-INV4,
Series
2026
INV4
6.000
03/25/57
101,242
70,078
(a),(b)
RCKT
Mortgage
Trust
2021-4,
Series
2021
4
2.500
09/25/51
57,446
84,747
(a),(b)
RCKT
Mortgage
Trust
2022-2,
Series
2022
2
2.500
02/25/52
69,790
245,229
(a),(b)
RCKT
Mortgage
Trust
2022-4,
Series
2022
4
4.000
06/25/52
223,888
198,811
(a),(b)
Sequoia
Mortgage
Trust
2020-1,
Series
2020
1
3.854
02/25/50
156,251
67,252
(a),(b)
Sequoia
Mortgage
Trust
2021-4,
Series
2021
4
2.500
06/25/51
55,300
96,548
(a),(b)
Sequoia
Mortgage
Trust
2025-S2,
Series
2025
S2
4.000
11/25/55
89,109
95,198
(a),(b)
Sequoia
Mortgage
Trust
2026-1,
Series
2026
1
5.500
02/25/56
94,530
250,000
(b)
UBS
Commercial
Mortgage
Trust
2018-C11,
Series
2018
C11
4.492
06/15/51
244,268
525,000
(a),(b)
Verus
Securitization
Trust
2025-12,
Series
2025
12
5.760
12/25/70
520,576
100,000
(a),(b)
Verus
Securitization
Trust
2026-1,
Series
2026
1
5.670
01/25/71
98,539
165,000
(b)
Wells
Fargo
Commercial
Mortgage
Trust
2017-C38,
Series
2017
C38
3.917
07/15/50
157,533
390,000
Wells
Fargo
Commercial
Mortgage
Trust
2018-C46,
Series
2018
C46
4.382
08/15/51
383,196
500,000
Wells
Fargo
Commercial
Mortgage
Trust
2021-C59,
Series
2021
C59
2.626
04/15/54
452,589
350,000
Wells
Fargo
Commercial
Mortgage
Trust
2021-C61,
Series
2021
C61
2.861
11/15/54
308,347
Portfolio
of
Investments
April
30,
2026
(continued)
Securitized
Credit
58
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MORTGAGE-BACKED
SECURITIES
(continued)
$
60,000
Wells
Fargo
Commercial
Mortgage
Trust
2021-C61,
Series
2021
C61
2.406
%
11/15/54
$
54,101
50,666
(a),(b)
Wells
Fargo
Mortgage
Backed
Securities
2020-4
Trust,
Series
2020
4
3.000
07/25/50
43,683
TOTAL
MORTGAGE-BACKED
SECURITIES
(Cost
$45,642,544)
46,179,729
TOTAL
LONG-TERM
INVESTMENTS
(Cost
$54,697,869)
55,252,488
OTHER
ASSETS
&
LIABILITIES,
NET
-  (0.2)%
(116,179)
NET
ASSETS
-
100%
$
55,136,309
SOFR30A
30
Day
Average
Secured
Overnight
Financing
Rate
TSFR1M
CME
Term
Secured
Overnight
Financing
Rate
1
Month
TSFR3M
CME
Term
Secured
Overnight
Financing
Rate
3
Month
(a)
Security
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
securities
are
deemed
liquid
and
may
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
As
of
the
end
of
the
fiscal
period,
the
aggregate
value
of
these
securities
is
$20,132,525
or
36.4%
of
Total
Investments.
(b)
Floating
or
variable
rate
security
includes
the
reference
rate
and
spread,
when
applicable.  For
mortgage-backed
or
asset-backed
securities
the
variable
rate
is
based
on
the
underlying
asset
of
the
security.
Coupon
rate
reflects
the
rate
at
period
end.
Securitized
Credit
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Asset-Backed
Securities
$
$
8,818,845
$
$
8,818,845
Corporate
Bonds
253,914
253,914
Mortgage-Backed
Securities
46,179,729
46,179,729
Total
$
$
55,252,488
$
$
55,252,488
59
Portfolio
of
Investments
April
30,
2026
Ultra
Short
Municipal
(Unaudited)
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM
INVESTMENTS
-
 96.8%
9675000
MUNICIPAL
BONDS
-
96
.8
%
9675000
ARIZONA
-
1.0%
$
100,000
(a)
Arizona
Health
Facilities
Authority,
Hospital
Revenue
Bonds,
Banner
Health
Systems,
Varibale
Rate
Demand
Obligations,
Series
2015C
3
.350
%
01/01/46
$
100,000
TOTAL
ARIZONA
100,000
CALIFORNIA
-
9.2%
335,000
(a)
Bay
Area
Toll
Authority,
California,
Revenue
Bonds,
San
Francisco
Bay
Area
Toll
Bridge,
Series
2023B
3
.100
04/01/55
335,000
270,000
(a)
Eastern
Municipal
Water
District,
California,
Water
and
Wastewater
Revenue
Bonds,
Refunding
Series
2018A
2
.950
07/01/46
270,000
315,000
(a)
Irvine
Ranch
Water
District,
California,
Certificates
of
Participation,
Series
2009S
3
.000
10/01/41
315,000
TOTAL
CALIFORNIA
920,000
COLORADO
-
5.5%
295,000
(a)
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
Children's
Hospital
Colorado
Project,
Refunding
Series
2020A
3
.350
12/01/52
295,000
260,000
(a)
Colorado
Health
Facilities
Authority,
Revenue
Bonds,
Boulder
Community
Hospital
Project,
Variable
Rate
Demand
Obligations
Series
2000
2
.950
10/01/30
260,000
TOTAL
COLORADO
555,000
CONNECTICUT
-
6.7%
335,000
(a)
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Yale
University,
Series
2013A
3
.300
07/01/42
335,000
335,000
(a)
Connecticut
Housing
Finance
Authority,
Housing
Mortgage
Finance
Program
Bonds,
Series
2016A-3
3
.050
11/15/45
335,000
TOTAL
CONNECTICUT
670,000
DISTRICT
OF
COLUMBIA
-
6.3%
300,000
(a)
District
of
Columbia,
Multimodal
Revenue
Bonds,
Carnegie
Endowment
for
International
Peace,
Series
2010
3
.350
11/01/45
300,000
335,000
(a)
Metropolitan
Washington
D.C.
Airports
Authority,
Airport
System
Revenue
Bonds,
Series
2010D
3
.090
10/01/40
335,000
TOTAL
DISTRICT
OF
COLUMBIA
635,000
FLORIDA
-
3.0%
300,000
(a)
JEA,
Florida,
Water
and
Sewerage
System
Revenue
Bonds,
Variable
Rate
Demand
Obligations
Series
2008A-1
&
2008A-2
3
.000
10/01/42
300,000
TOTAL
FLORIDA
300,000
INDIANA
-
3.3%
335,000
(a)
Indiana
Housing
and
Community
Development
Authority,
Single
Family
Mortgage
Revenue
Bonds,
Series
2017C-3
3
.350
07/01/47
335,000
TOTAL
INDIANA
335,000
LOUISIANA
-
3.4%
335,000
(a)
Louisiana
State,
Gasoline
and
Fuels
Tax
Second
Lien
Revenue
Bonds,
Refunding
Series
2023A-2
3
.350
05/01/43
335,000
TOTAL
LOUISIANA
335,000
MARYLAND
-
2.0%
200,000
(a)
Maryland
Health
and
Higher
Educational
Facilities
Authority,
Revenue
Bonds,
Johns
Hopkins
Health
System,
Series
2024B
3
.350
06/01/46
200,000
TOTAL
MARYLAND
200,000
MASSACHUSETTS
-
3.0%
300,000
(a)
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Boston
University,
Series
2008U-6E
3
.100
10/01/42
300,000
TOTAL
MASSACHUSETTS
300,000
MICHIGAN
-
2.5%
250,000
(a)
Michigan
Housing
Development
Authority,
Rental
Housing
Revenue
Bonds,
Series
2022B
3
.170
04/01/62
250,000
TOTAL
MICHIGAN
250,000
Portfolio
of
Investments
April
30,
2026
(continued)
Ultra
Short
Municipal
60
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MISSOURI
-
3.0%
$
300,000
(a)
Missouri
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Washington
University,
Variable
Rate
Demand
Obligations,
Series
2000B
3
.350
%
03/01/40
$
300,000
TOTAL
MISSOURI
300,000
NEW
YORK
-
13.4%
335,000
(a)
New
York
City
Municipal
Water
Finance
Authority,
New
York,
Water
and
Sewer
System
Second
General
Resolution
Revenue
Bonds,
Fiscal
2014
Adjustable
Rate
Series
AA-6
3
.250
06/15/48
335,000
335,000
(a)
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
2013
Series
A-4
3
.400
08/01/39
335,000
335,000
(a)
New
York
City,
New
York,
General
Obligation
Bonds,
Subseries
G-6
Fiscal
Series
2012
3
.350
04/01/42
335,000
335,000
(a)
New
York
State
Housing
Finance
Agency,
316
Eleventh
Avenue
Housing
Revenue
Bonds,
Variable
Rate
Demand
Obligation
Series
2009A
3
.300
05/15/41
335,000
TOTAL
NEW
YORK
1,340,000
NORTH
CAROLINA
-
3.3%
330,000
(a)
Charlotte-Mecklenburg
Hospital
Authority,
North
Carolina,
Health
Care
Revenue
Bonds,
DBA
Carolinas
HealthCare
System,
Variable
Rate
Demand
Series
2007E
-
AGM
Insured
3
.350
01/15/44
330,000
TOTAL
NORTH
CAROLINA
330,000
OHIO
-
3.4%
335,000
(a)
Ohio
Water
Development
Authority,
Water
Pollution
Control
Loan
Fund
Revenue
Bonds,
Series
2024C
3
.350
12/01/54
335,000
TOTAL
OHIO
335,000
OREGON
-
2.9%
290,000
(a)
Oregon
State,
General
Obligation
Bonds,
Veteran's
Welfare
Series
110
Series
2022E
3
.350
06/01/45
290,000
TOTAL
OREGON
290,000
PENNSYLVANIA
-
3.4%
335,000
(a)
Pennsylvania
Turnpike
Commission,
Turnpike
Revenue
Bonds,
Variable
Rate
Series
2020
3
.120
12/01/39
335,000
TOTAL
PENNSYLVANIA
335,000
TENNESSEE
-
3.4%
335,000
(a)
Metropolitan
Government
of
Nashville
and
Davidson
County
Industrial
Development
Board,
Tennessee,
Multifamily
Housing
Revenue
Bonds,
Summit
Apartments
Project,
Refunding
Series
2006
3
.100
07/15/36
335,000
TOTAL
TENNESSEE
335,000
TEXAS
-
8.2%
200,000
(a)
Harris
County
Cultural
Education
Facilities
Finance
Corporation,
Texas,
Hospital
Revenue
Bonds,
Texas
Children's
Hospital,
Series
2015-3
3
.500
10/01/45
200,000
335,000
(a)
Houston,
Texas,
Combined
Utility
System
Revenue
Bonds,
Refunding
First
Lien
Series
2018C
3
.100
05/15/34
335,000
290,000
(a)
Texas
State,
General
Obligation
Veterans
Bonds,
Series
2020
3
.450
12/01/50
290,000
TOTAL
TEXAS
825,000
VIRGINIA
-
3.5%
100,000
(a)
Loudoun
County
Industrial
Development
Authority,
Virginia,
Revenue
Bonds,
Howard
Hughes
Medical
Institute,
Variable
Rate
Demand
Obligations
Series
2003C
2
.900
02/15/38
100,000
250,000
(a)
Loudoun
County
Industrial
Development
Authority,
Virginia,
Revenue
Bonds,
Howard
Hughes
Medical
Institute,
Variable
Rate
Demand
Obligations,
Series
2003D
3
.520
02/15/38
250,000
TOTAL
VIRGINIA
350,000
WASHINGTON
-
3.0%
300,000
(a)
Washington
State
Housing
Finance
Commission,
Single
Family
Program
Bonds,
Series
2016VR-1N
3
.050
12/01/46
300,000
TOTAL
WASHINGTON
300,000
61
Part
F
of
Form
N-PORT
was
prepared
in
accordance
with
U.S.
generally
accepted
accounting
principles
(“U.S.
GAAP”)
and
in
conformity
with
the
applicable
rules
and
regulations
of
the
U.S.
Securities
and
Exchange
Commission
(“SEC”)
related
to
interim
filings.
Part
F
of
Form
N-PORT
does
not
include
all
information
and
footnotes
required
by
U.S.
GAAP
for
complete
financial
statements.
Certain
footnote
disclosures
normally
included
in
financial
statements
prepared
in
accordance
with
U.S.
GAAP
have
been
condensed
or
omitted
from
this
report
pursuant
to
the
rules
of
the
SEC.
For
a
full
set
of
the
Fund’s
notes
to
financial
statements,
please
refer
to
the
Fund’s
most
recently
filed
annual
or
semi-annual
report.
Fair
Value
Measurements
The
Fund’s
investments
in
securities
are
recorded
at
their
estimated
fair
value
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
Fair
value
is
defined
as
the
price
that
would
be
received
upon
selling
an
investment
or
transferring
a
liability
in
an
orderly
transaction
to
an
independent
buyer
in
the
principal
or
most
advantageous
market
for
the
investment.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
is
used
to
maximize
the
use
of
observable
market
data
and
minimize
the
use
of
unobservable
inputs
and
to
establish
classification
of
fair
value
measurements
for
disclosure
purposes.
Observable
inputs
reflect
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Observable
inputs
are
based
on
market
data
obtained
from
sources
independent
of
the
reporting
entity.
Unobservable
inputs
reflect
management’s
assumptions
about
the
assumptions
market
participants
would
use
in
pricing
the
asset
or
liability.
Unobservable
inputs
are
based
on
the
best
information
available
in
the
circumstances.
The
following
is
a
summary
of
the
three-tiered
hierarchy
of
valuation
input
levels.
Level
1
Inputs
are
unadjusted
and
prices
are
determined
using
quoted
prices
in
active
markets
for
identical
securities.
Level
2
Prices
are
determined
using
other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
credit
spreads,
etc.).
Level
3
Prices
are
determined
using
significant
unobservable
inputs
(including
management’s
assumptions
in
determining
the
fair
value
of
investments).
The
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
WISCONSIN
-
3.4%
$
335,000
(a)
Wisconsin
Housing
and
Economic
Development
Authority,
Housing
Revenue
Bonds,
Series
2009A
3
.090
%
05/01/42
$
335,000
TOTAL
WISCONSIN
335,000
TOTAL
MUNICIPAL
BONDS
(Cost
$9,675,000)
9,675,000
TOTAL
SHORT-TERM
INVESTMENTS
(Cost
$9,675,000)
9,675,000
TOTAL
INVESTMENTS
-
96
.8
%
(Cost
$
9,675,000
)
9,675,000
OTHER
ASSETS
&
LIABILITIES,
NET
-  3.2%
325,000
NET
ASSETS
-
100%
$
10,000,000
(a)
Investment
has
a
maturity
of
greater
than
one
year,
but
has
variable
rate
and/or
demand
features
which
qualify
it
as
a
short-term
investment.
The
rate
disclosed,
as
well
as
the
reference
rate
and
spread,
where
applicable,
is
that
in
effect
as
of
the
end
of
the
reporting
period.
This
rate
changes
periodically
based
on
market
conditions
or
a
specified
market
index.
Ultra
Short
Municipal
Level
1
Level
2
Level
3
Total
Short-Term
Investments:
Municipal
Bonds
9,675,000
9,675,000
Total
$
$
9,675,000
$
$
9,675,000