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THE “UNAUDITED MUTUAL FUNDS HOLDINGS” LIST (“the
List”) IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS
NOT TO BE REPRODUCED FOR USE AS ADVERTISING OR
SALES LITERATURE WITH THE GENERAL PUBLIC. The list is
submitted for the general information of the shareholders of the Fund.
It is not authorized for distribution to prospective investors in the Fund
unless preceded or accompanied by a prospectus. The list has been
created from the books and records of the Fund. Holdings are
available 60 days after the fund’s fiscal quarter, using a trade date
accounting convention, by contacting the appropriate service center.
The list is subject to change without notice. The list is for
informational purposes only and is not intended as an offer or
solicitation with respect to the purchase or sale of any security.
|
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JPMorgan Asset Management is the marketing name for the asset
management business of J.P. Morgan Chase & Co.
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J.P. Morgan Distribution Services, Inc., member FINRA.
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© J.P. Morgan Chase & Co., 2026.
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INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — 91.4% (a)
|
||
|
Alabama — 2.0%
|
||
|
Alabama Federal Aid Highway Finance Authority
|
|
|
|
Series 2016A, Rev., 5.00%, 9/1/2026 (b)
|
2,145
|
2,157
|
|
Series A, Rev., 5.00%, 9/1/2027 (b)
|
2,705
|
2,783
|
|
Birmingham Airport Authority Series 2020, Rev., 5.00%, 7/1/2026
|
225
|
225
|
|
Black Belt Energy Gas District, Gas Project Series 2025E, Rev., 5.00%, 5/1/2029
|
1,775
|
1,843
|
|
Black Belt Energy Gas District, Gas Supply Series 2022, Subseries D-2, Rev., LIQ :
Royal Bank of Canada, (SOFR + 1.40%),
3.83%, 6/5/2026 (c)
|
25,450
|
25,558
|
|
County of Jefferson sewer Series 2024, Rev., 5.00%, 10/1/2027
|
1,250
|
1,285
|
|
Foley Utilities Board Series 2017, Rev., 5.00%, 5/1/2027 (b)
|
35
|
36
|
|
Southeast Energy Authority A Cooperative District, Project No. 4 Series 2022B-2, Rev.,
(SOFR + 1.79%), 4.22%,
6/5/2026 (c)
|
10,000
|
10,049
|
|
State of Alabama Series 2016C, GO, 5.00%, 8/1/2026
|
25
|
25
|
|
West Jefferson Industrial Development Board, Alabama Power Co. Miller Plant Project
Series 2008, Rev., VRDO, 2.85%,
6/1/2026 (d)
|
7,500
|
7,500
|
|
Total Alabama
|
|
51,461
|
|
Alaska — 1.0%
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||
|
Alaska Municipal Bond Bank Authority Series 3, Rev., 5.00%, 12/1/2026
|
25
|
25
|
|
Borough of Matanuska-Susitna, Alaska School General Obligation Series 2025B, GO, 5.00%,
11/1/2026
|
1,000
|
1,010
|
|
Borough of Matanuska-Susitna, Goose Creek Correctional Center Project Series 2025A,
Rev., 5.00%, 9/1/2027
|
1,655
|
1,703
|
|
Borough of North Slope Series 2025, GO, 5.00%, 6/30/2027
|
2,875
|
2,948
|
|
City of Valdez, Phillips Trans Alaska Project Series 1994A, Rev., VRDO, 1.59%, 6/10/2026 (d)
|
20,000
|
20,000
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|
State of Alaska Series 2024B, GO, 5.00%, 8/1/2028
|
1,000
|
1,051
|
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Total Alaska
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|
26,737
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|
Arizona — 1.0%
|
||
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Arizona Industrial Development Authority, Equitable School Revolving Fund LLC Series
2024A, Rev., 5.00%, 11/1/2029
|
1,300
|
1,374
|
|
Arizona Sports and Tourism Authority, Senior Lien Multipurpose Stadium Facility Project
Series 2022, Rev., 5.00%, 7/1/2027
|
750
|
769
|
|
Arizona Water Infrastructure Finance Authority Series 2024, Rev., 5.00%, 10/1/2027
|
4,000
|
4,129
|
|
City of Chandler Series 2016, GO, 5.00%, 7/1/2027
|
1,000
|
1,027
|
|
City of Mesa Utility System
|
|
|
|
Series 2017, Rev., 4.00%, 7/1/2027
|
1,000
|
1,014
|
|
Series 2026, Rev., 5.00%, 7/1/2029 (e)
|
1,700
|
1,820
|
|
Series 2026, Rev., 5.00%, 7/1/2030 (e)
|
3,760
|
4,096
|
|
Series 2026, Rev., 5.00%, 7/1/2031 (e)
|
1,000
|
1,105
|
|
City of Phoenix Civic Improvement Corp. Series 2025, Rev., 5.00%, 7/1/2027
|
1,200
|
1,232
|
|
City of Phoenix Civic Improvement Corp., Junior Lien, Airport System Series 2017D,
Rev., 5.00%, 7/1/2029
|
55
|
56
|
|
City of Phoenix Civic Improvement Corp., Junior Lien, Water System Series 2014B, Rev.,
5.00%, 7/1/2027
|
170
|
171
|
|
City of Tucson Series 2018A, GO, 5.00%, 7/1/2026
|
325
|
326
|
|
County of Pima Sewer System Series 2020B, COP, 5.00%, 7/1/2027
|
40
|
41
|
|
Maricopa County High School District No. 214 Tolleson Union High School Series 2025,
GO, 5.00%, 7/1/2026
|
315
|
316
|
|
Maricopa County Industrial Development Authority, Banner Health Series 2023A-2, Rev.,
5.00%, 5/15/2028 (d)
|
250
|
259
|
|
Maricopa County Unified School District No. 80 Chandler, Project of 2025 Series 2026A,
GO, 5.00%, 7/1/2029
|
2,150
|
2,298
|
|
Maricopa County Union High School District No 210-Phoenix, Project of 2023 Series
2024A, GO, 5.00%, 7/1/2027
|
1,225
|
1,257
|
|
Maricopa County Union High School District No. 210-Phoenix, Project of 2023 Series
2025B, GO, 5.00%, 7/1/2027
|
1,500
|
1,539
|
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Pima County Unified School District No. 1 Tucson, Project of 2023 Series 2026B, GO,
5.00%, 7/1/2029
|
1,145
|
1,223
|
|
Salt River Project Agricultural Improvement and Power District, Arizona Electric System
Series 2019A, Rev., 5.00%, 1/1/2027
|
385
|
390
|
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INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
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Arizona — continued
|
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Scottsdale Municipal Property Corp. Series 2017, Rev., 5.00%, 7/1/2027 (b)
|
55
|
56
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|
Town of Queen Creek Excise Tax Series 2016, Rev., 5.00%, 8/1/2026 (b)
|
1,240
|
1,244
|
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Total Arizona
|
|
25,742
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Arkansas — 0.1%
|
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Arkansas Development Finance Authority, Single Family Mortgage-Backed Securities Loan
Program Series 2026B, Rev., GNMA
/ FNMA / FHLMC, 2.88%, 5/15/2027 (d)
|
1,150
|
1,149
|
|
University of Arkansas, Various Facility UAMS Campus Series 2019A, Rev., 5.00%, 3/1/2027
|
25
|
25
|
|
University of Central Arkansas, Student Fee
|
|
|
|
Series 2020A, Rev., 5.00%, 11/1/2026
|
220
|
222
|
|
Series 2020A, Rev., 5.00%, 11/1/2027
|
200
|
206
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Total Arkansas
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|
1,602
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California — 0.9%
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California Community Choice Financing Authority, Clean Energy Project Series 2026C,
Rev., 5.00%, 2/1/2031
|
1,150
|
1,213
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California Community Choice Financing Authority, Green Bond Series 2022A-2, Rev.,
(SOFR + 1.70%), 4.13%, 6/5/2026 (c)
|
5,000
|
5,058
|
|
California Housing Finance Agency, Multi- Family Housing Symphony at DEL Sur Series
2023V, Rev., 5.00%, 11/1/2026 (d)
|
750
|
754
|
|
California Infrastructure and Economic Development Bank, Bay Area Toll Bridge First
Lien Series 2003A, Rev., AMBAC, 5.00%,
1/1/2028 (b)
|
25
|
26
|
|
California Infrastructure and Economic Development Bank, The J. Paul Getty Trust Series
2023B, Rev., 5.00%, 10/1/2026 (d)
|
265
|
267
|
|
California Municipal Finance Authority, Republic Services, Inc., Project Series 2026A,
Rev., AMT, 2.80%, 6/15/2026 (d)
|
3,750
|
3,749
|
|
California Pollution Control Financing Authority, Solid Waste Disposal, Republic Services,
Inc., Project Series 2023, Rev., AMT,
2.88%, 8/17/2026 (d) (f)
|
5,000
|
4,996
|
|
City of Vernon Electric System Series 2021A, Rev., 5.00%, 4/1/2027
|
550
|
559
|
|
City of Vernon, Electric System
|
|
|
|
Series 2021A, Rev., 5.00%, 10/1/2027
|
25
|
26
|
|
Series 2021A, Rev., 5.00%, 4/1/2028
|
75
|
77
|
|
Golden State Tobacco Securitization Corp. Series 2017A-1, Rev., 5.00%, 6/1/2026 (b)
|
90
|
90
|
|
Los Angeles County Development Authority, West LA Building 156 and 157 Apartments
Series 2023C, Rev., 3.75%,
12/1/2026 (d)
|
120
|
120
|
|
Los Angeles Department of Water and Power System
|
|
|
|
Series 2020A, Rev., 5.00%, 7/1/2026
|
500
|
501
|
|
Series 2022E, Rev., 5.00%, 7/1/2026
|
1,350
|
1,353
|
|
Series 2017B, Rev., 5.00%, 7/1/2030
|
515
|
521
|
|
Series 2024C, Rev., 5.00%, 7/1/2030
|
400
|
432
|
|
San Diego Community College District Series 2016, GO, 5.00%, 8/1/2026 (b)
|
25
|
25
|
|
Southern California Public Power Authority Series 2023-1, Rev., 5.00%, 7/1/2026
|
800
|
801
|
|
State of California, Various Purpose Series 2023, GO, 5.00%, 12/1/2027
|
2,205
|
2,290
|
|
Total California
|
|
22,858
|
|
Colorado — 2.1%
|
||
|
Adams and Arapahoe Counties Joint School District 28J Aurora Series 2025, GO, 5.50%,
12/1/2026
|
2,000
|
2,029
|
|
Adams and Weld Counties School District No. 27J Brighton
|
|
|
|
Series 2026A, GO, 5.50%, 12/1/2026
|
1,880
|
1,907
|
|
Series 2026B, GO, 5.50%, 12/1/2026
|
4,500
|
4,564
|
|
Series 2026A, GO, 5.50%, 12/1/2028
|
6,310
|
6,765
|
|
Series 2026B, GO, 5.50%, 12/1/2028
|
1,750
|
1,876
|
|
Adams County Housing Authority, Overlook at Thorton Series 2023, Rev., 2.75%, 11/1/2026 (d)
|
1,000
|
1,000
|
|
Boulder Larimer and Weld Counties St Vrain Valley School District Re1J Series 2024,
GO, 5.00%, 12/15/2026
|
105
|
106
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Colorado — continued
|
||
|
City and County of Denver
|
|
|
|
Series 2024A, GO, 5.00%, 8/1/2026
|
700
|
703
|
|
Series 2024B, GO, 5.00%, 8/1/2026
|
600
|
602
|
|
City and County of Denver, Airport System
|
|
|
|
Series 2023B, Rev., AMT, 5.00%, 11/15/2027
|
1,500
|
1,546
|
|
Series 2023B, Rev., AMT, 5.00%, 11/15/2028
|
5,000
|
5,236
|
|
City and County of Denver, Colorado Convention Center
|
|
|
|
Series 2026, COP, 5.00%, 12/1/2028
|
1,000
|
1,058
|
|
Series 2026, COP, 5.00%, 12/1/2029
|
1,000
|
1,078
|
|
Series 2026, COP, 5.00%, 12/1/2030
|
1,000
|
1,095
|
|
City and County of Denver, Wellington E. Webb Municipal Office Building Series 2023,
COP, 5.00%, 12/1/2026
|
30
|
30
|
|
Colorado Health Facilities Authority, Adventhealth Obligated Group Series 2019B, Rev.,
5.00%, 11/19/2026 (d)
|
1,260
|
1,273
|
|
Colorado Health Facilities Authority, Adventist Health System
|
|
|
|
Series 2016C, Rev., 5.00%, 11/15/2026 (d)
|
3,285
|
3,317
|
|
Series 2025A, Rev., 5.00%, 11/15/2030 (d)
|
2,000
|
2,156
|
|
Colorado Health Facilities Authority, CommonSpirit Health
|
|
|
|
Series 2019B-2, Rev., 5.00%, 8/1/2026 (d)
|
115
|
115
|
|
Series 2019A-2, Rev., 5.00%, 8/1/2028
|
25
|
26
|
|
Colorado Health Facilities Authority, Intermountain Healthcare
|
|
|
|
Series 2022B, Rev., 5.00%, 8/17/2026 (d)
|
1,700
|
1,708
|
|
Series 2022C, Rev., 5.00%, 8/15/2028 (d)
|
1,300
|
1,361
|
|
Colorado Health Facilities Authority, Parkview Medical Center, Inc., Project Series
2020A, Rev., 4.00%, 9/1/2030 (b)
|
1,650
|
1,742
|
|
Colorado Health Facilities Authority, The Evangelical Lutheran Good Samaritan Society
Project Series 2017, Rev., 5.00%,
6/1/2027 (b)
|
320
|
327
|
|
Denver City and County School District No. 1
|
|
|
|
Series 2025D, GO, 5.00%, 12/1/2026
|
1,600
|
1,618
|
|
Series 2025D, GO, 5.00%, 12/1/2027
|
1,600
|
1,656
|
|
Regional Transportation District Sales Tax Series 2023A, Rev., 5.00%, 11/1/2026
|
60
|
61
|
|
Regional Transportation District, Denver Transit Partners Series 2020A, Rev., 5.00%,
7/15/2026
|
225
|
225
|
|
State of Colorado
|
|
|
|
Series 2022, COP, 6.00%, 12/15/2026
|
25
|
26
|
|
Series 2020A, COP, 5.00%, 9/1/2027
|
25
|
26
|
|
Series 2018A, COP, 5.00%, 12/15/2027
|
20
|
21
|
|
Series 2018L, COP, 4.00%, 3/15/2029
|
50
|
51
|
|
University of Colorado, Enterprise System Series 2017A-2, Rev., 5.00%, 6/1/2027
|
50
|
51
|
|
University of Colorado, Hospital Authority Series 2018C, Rev., VRDO, LIQ : TD Bank
NA, 2.80%, 6/1/2026 (d)
|
10,000
|
10,000
|
|
Total Colorado
|
|
55,355
|
|
Connecticut — 3.0%
|
||
|
City of Bristol, GO, BAN, 4.00%, 11/5/2026
|
17,400
|
17,505
|
|
City of Milford Series 2025, GO, BAN, 4.00%, 10/27/2026
|
5,000
|
5,030
|
|
Connecticut State Health and Educational Facilities Authority, Stamford Hospital Series
L-1, Rev., 4.00%, 7/1/2026
|
350
|
350
|
|
State of Connecticut
|
|
|
|
Series 2026A, GO, 5.00%, 9/15/2026 (e)
|
2,000
|
2,014
|
|
Series 2026B, GO, 5.00%, 9/15/2026 (e)
|
1,250
|
1,259
|
|
Series 2025B, GO, 5.00%, 12/1/2026
|
9,200
|
9,312
|
|
Series 2018D, GO, 5.00%, 4/15/2027
|
25
|
26
|
|
Series 2025B, GO, 5.00%, 12/1/2027
|
4,225
|
4,382
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Connecticut — continued
|
||
|
Series 2018F, GO, 5.00%, 9/15/2028
|
755
|
795
|
|
Series 2026B, GO, 5.00%, 9/15/2028 (e)
|
5,000
|
5,267
|
|
Series 2026B, GO, 5.00%, 9/15/2029 (e)
|
8,000
|
8,599
|
|
Series 2025D, GO, 5.00%, 8/15/2030
|
6,000
|
6,556
|
|
Series 2026B, GO, 5.00%, 9/15/2031 (e)
|
2,750
|
3,052
|
|
State of Connecticut Special Tax
|
|
|
|
Series 2021D, Rev., 5.00%, 11/1/2026
|
100
|
101
|
|
Series B, Rev., 5.00%, 9/1/2028
|
140
|
141
|
|
State of Connecticut Special Tax, Transportation Infrastructure Purpose
|
|
|
|
Series 2025A, Rev., 5.00%, 7/1/2027
|
2,000
|
2,052
|
|
Series B, Rev., 5.00%, 9/1/2027
|
50
|
50
|
|
Series 2025A, Rev., 5.00%, 7/1/2028
|
4,000
|
4,195
|
|
Town of Madison Series 2025, GO, BAN, 4.00%, 12/17/2026
|
7,500
|
7,558
|
|
Total Connecticut
|
|
78,244
|
|
Delaware — 0.8%
|
||
|
State of Delaware Series 2026A, GO, 5.00%, 5/1/2027
|
17,390
|
17,779
|
|
University of Delaware Series 2025A, Rev., 5.00%, 11/1/2028
|
2,750
|
2,906
|
|
Total Delaware
|
|
20,685
|
|
District of Columbia — 1.1%
|
||
|
District of Columbia
|
|
|
|
Series 2026C, GO, VRDO, 1.72%, 6/1/2026 (d)
|
17,500
|
17,500
|
|
Series 2024C, GO, 5.00%, 12/1/2027
|
5,000
|
5,176
|
|
Series 2024C, GO, 5.00%, 12/1/2028
|
2,000
|
2,118
|
|
Series 2017D, GO, 5.00%, 6/1/2029
|
2,000
|
2,048
|
|
District of Columbia, Children's Hospital Obligated Group
|
|
|
|
Series 2015, Rev., 5.00%, 7/15/2026
|
100
|
100
|
|
Series 2015, Rev., 5.00%, 7/15/2027
|
50
|
50
|
|
Series 2015, Rev., 5.00%, 7/15/2028
|
170
|
171
|
|
Series 2015, Rev., 5.00%, 7/15/2029
|
20
|
20
|
|
Metropolitan Washington Airports Authority Aviation Series 2024A, Rev., AMT, 5.00%,
10/1/2030
|
2,000
|
2,157
|
|
Washington Metropolitan Area Transit Authority
|
|
|
|
Series 2017B, Rev., 5.00%, 7/1/2027
|
170
|
174
|
|
Series A-1, Rev., 5.00%, 7/1/2028
|
375
|
385
|
|
Total District of Columbia
|
|
29,899
|
|
Florida — 2.4%
|
||
|
Alachua County School Board Series 2020, COP, A.G., 5.00%, 7/1/2027
|
65
|
67
|
|
Central Florida Expressway Authority, Senior Lien
|
|
|
|
Series 2019B, Rev., 5.00%, 7/1/2026
|
40
|
40
|
|
Series 2017, Rev., 5.00%, 7/1/2027 (b)
|
90
|
92
|
|
Series 2016B, Rev., 5.00%, 7/1/2028
|
685
|
686
|
|
Series 2016A, Rev., 4.00%, 7/1/2031
|
1,000
|
1,001
|
|
City of Gainesville, Utilities System
|
|
|
|
Series 2017A, Rev., 5.00%, 10/1/2028
|
765
|
789
|
|
Series B, Rev., 5.00%, 10/1/2029
|
225
|
225
|
|
City of Jacksonville Series 2019A, Rev., 5.00%, 10/1/2027
|
100
|
103
|
|
City of Lakeland, Department of Electric Utilities Series 2010A, Rev., A.G., 5.25%,
10/1/2028
|
500
|
529
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Florida — continued
|
||
|
City of Palm Coast Utility System Series 2026, Rev., 5.00%, 10/1/2029
|
3,000
|
3,225
|
|
City of South Miami Health Facilities Authority, Inc., Baptist Health South Series
2025B, Rev., 5.00%, 8/15/2030 (d)
|
1,000
|
1,080
|
|
City of South Miami Health Facilities Authority, Inc., Baptist Health South Florida
Obligated Group Series 2017, Rev., 5.00%,
8/15/2028
|
65
|
67
|
|
County of Broward, Airport System
|
|
|
|
Series 2013C, Rev., 5.25%, 10/1/2026
|
50
|
50
|
|
Series A, Rev., AMT, 5.00%, 10/1/2029
|
1,000
|
1,002
|
|
County of Lee, Airport Series 2021A, Rev., AMT, 5.00%, 10/1/2028
|
1,500
|
1,568
|
|
County of Miami-Dade
|
|
|
|
Series 2020, GO, 5.00%, 7/1/2027
|
20
|
21
|
|
Series 2016, Rev., 5.00%, 10/1/2029
|
125
|
126
|
|
County of Miami-Dade, Aviation System
|
|
|
|
Series B, Rev., 5.00%, 10/1/2026
|
35
|
35
|
|
Series A, Rev., 5.00%, 10/1/2027
|
175
|
176
|
|
Series A, Rev., 5.00%, 10/1/2028
|
1,340
|
1,350
|
|
Series A, Rev., 5.00%, 10/1/2029
|
155
|
156
|
|
County of Miami-Dade, Building Better Communities Program Series 2016A, GO, 5.00%,
7/1/2027
|
20
|
21
|
|
County of Miami-Dade, Water and Sewer System Series 2021, Rev., 5.00%, 10/1/2027
|
735
|
758
|
|
County of St. Lucie, Power and Light Co., Project Series 2000, Rev., VRDO, 1.67%,
6/10/2026 (d)
|
10,000
|
10,000
|
|
Duval County Public Schools
|
|
|
|
Series 2022A, COP, A.G., 5.00%, 7/1/2027
|
235
|
241
|
|
Series 2022A, COP, A.G., 5.00%, 7/1/2028
|
95
|
99
|
|
Florida Department of Environmental Protection
|
|
|
|
Series 2017A, Rev., 5.00%, 7/1/2027 (b)
|
100
|
103
|
|
Series 2019B, Rev., 5.00%, 7/1/2027 (b)
|
45
|
46
|
|
Florida Department of Management Services
|
|
|
|
Series 2017A, Rev., 5.00%, 9/1/2026
|
115
|
116
|
|
Series 2018A, COP, 5.00%, 11/1/2026
|
655
|
661
|
|
Series 2018A, COP, 5.00%, 11/1/2027
|
1,805
|
1,866
|
|
Series 2021A, COP, 5.00%, 11/1/2029
|
1,350
|
1,455
|
|
Florida Development Finance Corp., Waste Management, Inc., Project Series 2025A, Rev.,
AMT, 3.40%, 9/1/2028 (d)
|
2,600
|
2,611
|
|
Florida Local Government Finance Commission, Fleet Landing at Nocatee Project Series
2025B-3, Rev., 4.20%,
11/15/2030 (f)
|
3,500
|
3,517
|
|
Florida Municipal Power Agency, All-Requirements Power Supply Project
|
|
|
|
Series 2016A, Rev., 5.00%, 10/1/2026
|
55
|
55
|
|
Series 2017A, Rev., 5.00%, 10/1/2026
|
70
|
70
|
|
Series 2016A, Rev., 5.00%, 10/1/2027
|
70
|
70
|
|
Series 2017A, Rev., 5.00%, 10/1/2027
|
1,345
|
1,384
|
|
Series 2019A, Rev., 5.00%, 10/1/2027
|
215
|
221
|
|
Series 2018A, Rev., 4.00%, 10/1/2028
|
2,820
|
2,848
|
|
Series 2016A, Rev., 5.00%, 10/1/2028
|
900
|
907
|
|
Greater Orlando Aviation Authority Series 2017A, Rev., AMT, 5.00%, 10/1/2027 (b)
|
750
|
772
|
|
Hillsborough County Industrial Development Authority, Baycare Health System Series
2024E, Rev., VRDO, LIQ : Royal Bank of
Canada, 2.80%, 6/1/2026 (d)
|
10,000
|
10,000
|
|
JEA Electric System
|
|
|
|
Series 2017B, Rev., 5.00%, 10/1/2027
|
75
|
77
|
|
Series 2017B, Rev., 5.00%, 10/1/2029
|
25
|
26
|
|
Lee County School Board (The) Series 2020A, COP, 5.00%, 8/1/2026
|
260
|
261
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Florida — continued
|
||
|
Manatee County School District Series 2017, Rev., A.G., 5.00%, 10/1/2029
|
45
|
46
|
|
Miami-Dade County Expressway Authority, Toll System
|
|
|
|
Series 2014A, Rev., 5.00%, 7/1/2027
|
210
|
210
|
|
Series 2016A, Rev., 5.00%, 7/1/2028
|
100
|
100
|
|
Orange County Convention Center Series 2017, Rev., 5.00%, 10/1/2026
|
560
|
564
|
|
Orange County Health Facilities Authority, Orlando Health Obligated Group Series 2019B,
Rev., 5.00%, 10/1/2026
|
50
|
50
|
|
Orange County School Board
|
|
|
|
Series 2016B, COP, 5.00%, 8/1/2026
|
85
|
85
|
|
Series 2016C, COP, 5.00%, 8/1/2026 (b)
|
4,270
|
4,287
|
|
Series 2016B, COP, 5.00%, 8/1/2027
|
55
|
55
|
|
Series 2017B, COP, 5.00%, 8/1/2027
|
2,190
|
2,246
|
|
Series 2017C, COP, 5.00%, 8/1/2028
|
85
|
89
|
|
Orlando Utilities Commission Series 2020A, Rev., 5.00%, 10/1/2027
|
25
|
26
|
|
Palm Beach County School District
|
|
|
|
Series 2018A, COP, 5.00%, 8/1/2026
|
630
|
632
|
|
Series 2022B, COP, 5.00%, 8/1/2026
|
190
|
191
|
|
Series 2017A, COP, 5.00%, 8/1/2027
|
180
|
185
|
|
Series 2018B, COP, 5.00%, 8/1/2027
|
400
|
411
|
|
Series 2018C, COP, 5.00%, 8/1/2029
|
115
|
120
|
|
Palm Beach County Solid Waste Authority Series 2015, Rev., 5.00%, 10/1/2026
|
80
|
81
|
|
Pasco County School Board Series 2022A, COP, 5.00%, 8/1/2027
|
80
|
82
|
|
School Board of Miami-Dade County (The), Florida Certificates of Participation Series
2012A, COP, 4.00%, 8/1/2028
|
150
|
150
|
|
School District of Broward County, Florida Certificates of Participation Series A,
COP, 5.00%, 7/1/2026
|
75
|
75
|
|
State of Florida Board of Education, Public Education Capital Outlay
|
|
|
|
Series 2016B, GO, 5.00%, 6/1/2026
|
85
|
85
|
|
Series 2023A, GO, 5.00%, 6/1/2026
|
200
|
200
|
|
State of Florida Department of Education Series 2018A, Rev., 5.00%, 7/1/2027
|
50
|
51
|
|
State of Florida Department of Transportation
|
|
|
|
Series 2019A, Rev., 5.00%, 7/1/2027
|
20
|
21
|
|
Series 2019A, Rev., 5.00%, 7/1/2028
|
105
|
110
|
|
State of Florida Department of Transportation Turnpike System Series 2025A, Rev.,
5.00%, 7/1/2029
|
1,900
|
2,038
|
|
State of Florida Lottery Series 2017A, Rev., 5.00%, 7/1/2027
|
90
|
92
|
|
State of Florida, Public Education Capital Outlay Series 2020A, GO, 5.00%, 6/1/2027
|
105
|
108
|
|
State of Florida, State Board of Education, Lottery Series 2016A, Rev., 5.00%, 7/1/2026
|
125
|
125
|
|
Tampa Bay Water, Regional Water Supply Authority, Utility System Series 2016C, Rev.,
5.00%, 10/1/2027
|
225
|
232
|
|
Total Florida
|
|
63,320
|
|
Georgia — 0.4%
|
||
|
Albany-Dougherty Payroll Development Authority, Procter & Gamble Paper Products Series
1999, Rev., 5.20%, 5/15/2028
|
25
|
26
|
|
Atlanta Development Authority, Georgia State University Research Foundation Science
Park LLC Project Series 2016, Rev.,
4.00%, 7/1/2026 (b)
|
1,555
|
1,557
|
|
Bartow County Development Authority, Georgia Power Co. Plant Series 2009-1, Rev.,
3.95%, 3/8/2028 (d)
|
210
|
214
|
|
Cedartown Polk County Hospital Authority, Polk Medical Center Project Series 2016,
Rev., 5.00%, 7/1/2026 (b)
|
110
|
110
|
|
City of Atlanta Series 2022A-2, GO, 5.00%, 12/1/2026
|
45
|
46
|
|
City of Atlanta Water and Wastewater Series 2004, Rev., A.G., 5.75%, 11/1/2027
|
1,000
|
1,047
|
|
City of Atlanta Water and Wastewater, Subordinate Lien Series 2026, Rev., 5.00%, 11/1/2030
|
2,000
|
2,195
|
|
Clarke County Hospital Authority, Pidemont Healthcare Series 2016A, Rev., 5.00%, 7/1/2029
|
25
|
25
|
|
County of DeKalb, Water and Sewerage Series 2006B, Rev., 5.25%, 10/1/2026
|
30
|
30
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Georgia — continued
|
||
|
Development Authority for Fulton County, Georgia Tech Foundation CRC and Tech Square
Projects Series 2017B, Rev., 5.00%,
11/1/2026
|
30
|
30
|
|
Development Authority of Burke County (The), Georgia Power Co. Plant Vogtle Project
Series 2012-2, Rev., 3.30%,
8/21/2029 (d)
|
2,250
|
2,272
|
|
Henry County Hospital Authority, Piedmont Henry Hospital Project Series 2014A, Rev.,
5.00%, 7/1/2027
|
1,390
|
1,392
|
|
Metropolitan Atlanta Rapid Transit Authority, Sales Tax Series 2017D, Rev., 4.00%,
7/1/2029
|
1,000
|
1,014
|
|
Total Georgia
|
|
9,958
|
|
Guam — 0.0% ^
|
||
|
Territory of Guam (Guam)
|
|
|
|
Series 2025G, Rev., 5.00%, 1/1/2028
|
275
|
282
|
|
Series 2025G, Rev., 5.00%, 1/1/2029
|
475
|
494
|
|
Total Guam
|
|
776
|
|
Hawaii — 0.0% ^
|
||
|
City and County Honolulu Series D, GO, 5.00%, 9/1/2026
|
70
|
70
|
|
City and County Honolulu Wastewater System Series A, Rev., 4.00%, 7/1/2026
|
20
|
20
|
|
City and County of Honolulu Series 2022A, GO, 5.00%, 11/1/2026
|
120
|
121
|
|
County of Hawaii Series A, GO, 5.00%, 9/1/2027
|
50
|
50
|
|
State of Hawaii
|
|
|
|
Series FK, GO, 5.00%, 5/1/2027
|
75
|
77
|
|
Series FH, GO, 5.00%, 10/1/2028
|
70
|
71
|
|
Total Hawaii
|
|
409
|
|
Illinois — 1.7%
|
||
|
Board of Trustees of the University of Illinois (The) Series 2023A, Rev., 5.00%, 4/1/2027
|
205
|
209
|
|
Carol Stream Park District Series 2020C, GO, 4.00%, 11/1/2026
|
1,020
|
1,024
|
|
Chicago O'Hare International Airport, General Airport, Senior Lien
|
|
|
|
Series A, Rev., 5.00%, 1/1/2027
|
20
|
20
|
|
Series C, Rev., 5.00%, 1/1/2028
|
40
|
41
|
|
City of Springfield Electric, Senior Lien Series 2024, Rev., 5.00%, 3/1/2030
|
1,870
|
2,001
|
|
County of Cook
|
|
|
|
Series 2021B, GO, 4.00%, 11/15/2026
|
230
|
231
|
|
Series 2021A, GO, 5.00%, 11/15/2026
|
205
|
207
|
|
Series 2016A, GO, 5.00%, 11/15/2027
|
2,800
|
2,830
|
|
Series 2016A, GO, 5.00%, 11/15/2028
|
45
|
45
|
|
County of Winnebago Series 2016E, GO, 3.63%, 12/30/2030
|
2,015
|
2,015
|
|
DuPage County Community High School District No. 94 West Chicago Series 2018, GO,
4.00%, 1/1/2033
|
10
|
10
|
|
Illinois Finance Authority, Clean Water Initiative Revolving Fund
|
|
|
|
Series 2019, Rev., 5.00%, 1/1/2027
|
240
|
243
|
|
Series 2019, Rev., 5.00%, 7/1/2027
|
250
|
257
|
|
Series 2020, Rev., 5.00%, 7/1/2027
|
40
|
41
|
|
Illinois Finance Authority, Edward Elmhurst Healthcare Series 2018A, Rev., 5.00%,
1/1/2028 (b)
|
20
|
21
|
|
Illinois Finance Authority, Northwestern Memorial Healthcare Series 2017A, Rev., 5.00%,
7/15/2027
|
80
|
82
|
|
Illinois Finance Authority, Northwestern University Series 2017A, Rev., 5.00%, 7/15/2026
|
270
|
271
|
|
Illinois Finance Authority, Presence Health Network Series 2016C, Rev., 5.00%, 2/15/2027
|
145
|
147
|
|
Illinois Finance Authority, State Clean Water Initiative Series 2017, Rev., 5.00%,
7/1/2027
|
20
|
20
|
|
Illinois Finance Authority, Swedish Covenant Hospital Series 2016A, Rev., 5.00%, 8/15/2026 (b)
|
1,145
|
1,150
|
|
Illinois Finance Authority, The Carle Foundation Series 2021A, Rev., 5.00%, 8/15/2028
|
100
|
105
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Illinois — continued
|
||
|
Illinois Finance Authority, Uchicago Medicine Series 2022B-2, Rev., 5.00%, 8/15/2027 (d)
|
2,065
|
2,103
|
|
Illinois Finance Authority, University of Chicago Medical Center (The) Series 2025A-1,
Rev., 5.00%, 8/15/2030 (d)
|
3,000
|
3,233
|
|
Illinois State Toll Highway Authority
|
|
|
|
Series 2018A, Rev., 5.00%, 1/1/2027
|
45
|
46
|
|
Series 2019B, Rev., 5.00%, 1/1/2027
|
555
|
562
|
|
Series 2019C, Rev., 5.00%, 1/1/2027
|
165
|
167
|
|
Series 2016B, Rev., 5.00%, 1/1/2028
|
25
|
25
|
|
Series 2018A, Rev., 5.00%, 1/1/2028
|
75
|
78
|
|
Series 2019C, Rev., 5.00%, 1/1/2029
|
400
|
424
|
|
Kane McHenry Cook and De Kalb Counties Unit School District No. 300 Series 2015, GO,
5.00%, 1/1/2027
|
20
|
20
|
|
Northern Illinois Municipal Power Agency
|
|
|
|
Series 2016A, Rev., 5.00%, 12/1/2026
|
175
|
177
|
|
Series 2016A, Rev., 5.00%, 12/1/2029
|
1,185
|
1,196
|
|
Regional Transportation Authority
|
|
|
|
Series 2017A, Rev., 5.00%, 7/1/2028
|
285
|
291
|
|
Series 2017A, Rev., 5.00%, 7/1/2029
|
1,700
|
1,737
|
|
State of Illinois
|
|
|
|
Series 2023D, GO, 5.00%, 7/1/2026
|
8,000
|
8,014
|
|
Series 2017D, GO, 5.00%, 11/1/2026
|
1,170
|
1,180
|
|
Series 2001, GO, NATL - RE, 6.00%, 11/1/2026
|
1,390
|
1,403
|
|
Series 2016, GO, 5.00%, 2/1/2027
|
150
|
152
|
|
Series 2021B, GO, 5.00%, 3/1/2027
|
125
|
127
|
|
Series 2022A, GO, 5.00%, 3/1/2027
|
20
|
20
|
|
Series 2023D, GO, 5.00%, 7/1/2027
|
90
|
92
|
|
Series 2018A, GO, 5.00%, 10/1/2027
|
200
|
206
|
|
Series 2017D, GO, 5.00%, 11/1/2027
|
1,160
|
1,195
|
|
Series 2016, GO, 5.00%, 2/1/2028
|
1,125
|
1,141
|
|
Series 2022B, GO, 5.00%, 3/1/2028
|
50
|
52
|
|
Series 2016, GO, 5.00%, 6/1/2028
|
1,345
|
1,347
|
|
Series 2017D, GO, 5.00%, 11/1/2028
|
2,965
|
3,055
|
|
Series 2017A, GO, 5.00%, 12/1/2028
|
90
|
93
|
|
Series 2016, GO, 5.00%, 2/1/2029
|
35
|
36
|
|
Series 2018A, GO, 5.00%, 5/1/2029
|
400
|
416
|
|
Series 2017C, GO, 5.00%, 11/1/2029
|
30
|
31
|
|
Series 2021A, GO, 5.00%, 12/1/2029
|
85
|
91
|
|
Series 2019B, GO, 5.00%, 11/1/2031
|
4,275
|
4,534
|
|
State of Illinois, Sales Tax
|
|
|
|
Series 2013, Rev., 5.00%, 6/15/2026
|
1,250
|
1,251
|
|
Series 2021A, Rev., 4.00%, 6/15/2027
|
40
|
41
|
|
Series 2016D, Rev., 5.00%, 6/15/2029
|
25
|
25
|
|
Total Illinois
|
|
45,531
|
|
Indiana — 1.8%
|
||
|
City of Indianapolis, Department of Public Utilities Water System
|
|
|
|
Series 2016B, Rev., 5.00%, 10/1/2026
|
60
|
61
|
|
Series 2018A, Rev., 5.00%, 10/1/2026
|
135
|
136
|
|
City of Indianapolis, Department of Public Utilities Water System, First Lien Series
2018A, Rev., 5.00%, 10/1/2027
|
45
|
46
|
|
Gary Community School Building Corp., Ad Valorem Property Tax First Mortgage Series
2020B, Rev., 4.00%, 7/15/2026
|
235
|
235
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Indiana — continued
|
||
|
Indiana Finance Authority Series 2017A, Rev., 5.00%, 12/1/2027 (b)
|
20
|
21
|
|
Indiana Finance Authority, Citizen Energy Group Project
|
|
|
|
Series 2026B, Rev., 5.00%, 10/1/2026 (e)
|
3,000
|
3,015
|
|
Series 2026B, Rev., 5.00%, 10/1/2027 (e)
|
2,500
|
2,566
|
|
Series 2026B, Rev., 5.00%, 10/1/2028 (e)
|
4,000
|
4,191
|
|
Series 2026B, Rev., 5.00%, 10/1/2029 (e)
|
5,900
|
6,288
|
|
Series 2026B, Rev., 5.00%, 10/1/2030 (e)
|
1,000
|
1,083
|
|
Series 2026B, Rev., 5.00%, 10/1/2031 (e)
|
1,000
|
1,096
|
|
Indiana Finance Authority, Community Foundation of Northern Indiana Obligated Group
Series 2016, Rev., 5.00%, 9/1/2028
|
2,065
|
2,076
|
|
Indiana Finance Authority, CWA Authority Project Series 2021-2, Rev., 5.00%, 10/1/2027
|
105
|
108
|
|
Indiana Finance Authority, Indiana University Health Obligated Group
|
|
|
|
Series 2023B1, Rev., 5.00%, 7/1/2028 (d)
|
2,100
|
2,182
|
|
Series 2025D-1, Rev., 5.00%, 10/1/2029 (d)
|
1,500
|
1,587
|
|
Series 2023B-2, Rev., 5.00%, 7/1/2030 (d)
|
570
|
612
|
|
Indiana Finance Authority, State Revolving Fund Program Series 2017C, Rev., 5.00%,
2/1/2027
|
70
|
71
|
|
Indiana Housing and Community Development Authority, Single Family Series 2017B-3,
Rev., VRDO, LIQ : TD Bank NA, 2.80%,
6/1/2026 (d)
|
20,000
|
20,000
|
|
Indiana Municipal Power Agency, Power Supply System Series 2016C, Rev., 5.00%, 7/1/2026
|
255
|
255
|
|
Indianapolis Local Public Improvement Bond Bank, Unlimited AD Valorem Property Tax
Supported Project Series 2025C, Rev.,
5.00%, 1/15/2028
|
2,305
|
2,390
|
|
Purdue University Series EE, Rev., 5.00%, 7/1/2027
|
35
|
36
|
|
Total Indiana
|
|
48,055
|
|
Iowa — 1.1%
|
||
|
City of Shenandoah, Iowa Sewer Capital Loan Project Series 2024, Rev., 4.00%, 6/30/2026
|
11,900
|
11,910
|
|
Iowa Finance Authority, Midwestern Disaster Area, Archer-Daniels-Midland Co., Project
Series 2011, Rev., VRDO, 1.55%,
6/10/2026 (d)
|
15,200
|
15,200
|
|
Iowa Finance Authority, State Revolving Fund Series 2016, Rev., 5.00%, 8/1/2026
|
95
|
95
|
|
State of Iowa, Ijobs Program Series 2016A, Rev., 5.00%, 6/1/2027
|
2,000
|
2,004
|
|
Total Iowa
|
|
29,209
|
|
Kansas — 0.7%
|
||
|
City of Derby Series 2024-1, GO, 4.00%, 12/1/2026
|
2,000
|
2,001
|
|
Kansas Development Finance Authority, AdventHealth Series 2021B, Rev., 5.00%, 11/15/2028 (d)
|
5,600
|
5,887
|
|
Riley County Unified School District No. 383, Manhattan-Ogden Series 2018A, GO, 5.00%,
9/1/2027 (b)
|
60
|
62
|
|
Sedgwick County Unified School District No. 260 Derby Series 2018B, GO, 5.00%, 10/1/2026 (b)
|
1,250
|
1,260
|
|
State of Kansas Department of Transportation
|
|
|
|
Series 2025A, Rev., 5.00%, 9/1/2027
|
2,000
|
2,061
|
|
Series 2025A, Rev., 5.00%, 9/1/2028
|
3,000
|
3,157
|
|
University of Kansas Hospital Authority Series 2026B, Rev., 5.00%, 3/1/2030 (d)
|
2,000
|
2,131
|
|
University of Kansas Hospital Authority, Health System Series 2017A, Rev., 4.00%,
3/1/2027 (b)
|
225
|
227
|
|
Wyandotte County-Kansas City Unified Government Utility System
|
|
|
|
Series 2014A, Rev., 5.00%, 9/1/2028
|
1,000
|
1,001
|
|
Series 2014A, Rev., 5.00%, 9/1/2029
|
1,000
|
1,001
|
|
Total Kansas
|
|
18,788
|
|
Kentucky — 0.7%
|
||
|
Commonwealth of Kentucky, State Office Building Project Series 2018A, COP, 4.00%,
4/15/2027
|
1,250
|
1,262
|
|
County of Trimble Series 2023A, Rev., AMT, 4.70%, 6/1/2027 (d)
|
1,000
|
1,009
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Kentucky — continued
|
||
|
Kentucky Asset Liability Commission Series 2021A, Rev., 5.00%, 11/1/2027
|
25
|
26
|
|
Kentucky Asset Liability Commission, Federal Highway Trust Series 2024, Rev., 5.00%,
9/1/2026
|
1,215
|
1,222
|
|
Kentucky State Property and Building Commission, Project No. 112
|
|
|
|
Series B, Rev., 5.00%, 11/1/2026
|
105
|
106
|
|
Series B, Rev., 5.00%, 11/1/2027
|
1,000
|
1,009
|
|
Series B, Rev., 5.00%, 11/1/2028
|
355
|
359
|
|
Kentucky State Property and Building Commission, Project No. 113 Series 2024B, Rev.,
5.00%, 11/1/2027
|
1,000
|
1,032
|
|
Kentucky State Property and Building Commission, Project No. 115, Rev., 5.00%, 4/1/2028
|
500
|
509
|
|
Kentucky State Property and Building Commission, Project No. 122 Series A, Rev., 5.00%,
11/1/2027
|
260
|
268
|
|
Kentucky State Property and Building Commission, Project No. 130 Series 2024B, Rev.,
5.00%, 11/1/2029
|
80
|
86
|
|
Kentucky State Property and Building Commission, Project No. 131 Series A, Rev., 5.00%,
10/1/2028
|
1,000
|
1,053
|
|
Kentucky State Property and Building Commission, Project No. 133 Series B, Rev., 5.00%,
9/1/2027
|
2,250
|
2,314
|
|
Kentucky Turnpike Authority, Revitalization Projects
|
|
|
|
Series B, Rev., 5.00%, 7/1/2026
|
90
|
90
|
|
Series B, Rev., 5.00%, 7/1/2027
|
125
|
128
|
|
Louisville and Jefferson County Metropolitan Government, Louisville Gas and Electric
Co. Project Series 2001A, Rev., 0.90%,
9/1/2026
|
5,000
|
4,962
|
|
Louisville and Jefferson County Metropolitan Government, Norton Healthcare, Inc.
|
|
|
|
Series 2016A, Rev., 5.00%, 10/1/2027
|
75
|
75
|
|
Series 2020D, Rev., 5.00%, 10/1/2029 (d)
|
2,000
|
2,111
|
|
University of Kentucky, General Receipts
|
|
|
|
Series 2015B, Rev., 5.00%, 10/1/2026
|
35
|
35
|
|
Series 2015B, Rev., 5.00%, 10/1/2027
|
70
|
70
|
|
Total Kentucky
|
|
17,726
|
|
Louisiana — 0.4%
|
||
|
City of Shreveport, Water and Sewer, Junior Lien Series 2018C, Rev., 5.00%, 12/1/2026
|
75
|
76
|
|
Louisiana Public Facilities Authority, Willis Knighton Medical Center Project Series
1997, Rev., 5.00%, 9/1/2027 (b)
|
1,700
|
1,750
|
|
State of Louisiana
|
|
|
|
Series 2023A, GO, 5.00%, 4/1/2027
|
680
|
694
|
|
Series 2024E, GO, 5.00%, 9/1/2028
|
1,600
|
1,685
|
|
Series 2024E, GO, 5.00%, 9/1/2029
|
1,000
|
1,075
|
|
State of Louisiana Gasoline and Fuels Tax, Second Lien Series 2023A-1, Rev., VRDO,
LOC : TD Bank NA, 2.80%, 6/1/2026 (d)
|
4,000
|
4,000
|
|
Total Louisiana
|
|
9,280
|
|
Maine — 0.4%
|
||
|
Maine Health and Higher Educational Facilities Authority, Mainehealth Series 2020A,
Rev., 5.00%, 7/1/2026
|
250
|
250
|
|
Maine Municipal Bond Bank Series 2020A, Rev., 5.00%, 9/1/2027
|
20
|
21
|
|
Maine School Administrative District No. 51 Series 2025B, GO, BAN, 4.00%, 12/15/2026
|
7,500
|
7,553
|
|
Maine Turnpike Authority
|
|
|
|
Series 2025, Rev., 5.00%, 7/1/2029
|
1,000
|
1,070
|
|
Series 2025, Rev., 5.00%, 7/1/2030
|
1,000
|
1,091
|
|
State of Maine Series 2022B, GO, 5.00%, 6/1/2026
|
65
|
65
|
|
Total Maine
|
|
10,050
|
|
Maryland — 0.2%
|
||
|
County of Baltimore Series 2017, GO, 5.00%, 3/1/2027
|
25
|
26
|
|
County of Baltimore, Equipment Acquisition Program Series 2022, COP, 5.00%, 3/1/2027
|
85
|
86
|
|
County of Howard Series 2017A, GO, 5.00%, 2/15/2027
|
45
|
46
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Maryland — continued
|
||
|
County of Montgomery Series 2018A, GO, 5.00%, 11/1/2026
|
75
|
76
|
|
County of Prince George's Series 2025A, GO, 5.00%, 8/1/2027
|
2,240
|
2,305
|
|
County of Prince George's, Chesapeake Lighthouse Charter School Project Subseries
B-1, Rev., 7.00%, 11/1/2026 (b)
|
500
|
508
|
|
County of Washington, Diakon Lutheran Social Ministries Project Series 2019B, Rev.,
5.00%, 1/1/2027 (b)
|
250
|
253
|
|
State of Maryland Series 2021A, GO, 5.00%, 8/1/2026
|
1,430
|
1,436
|
|
State of Maryland Department of Transportation, Second Issue Series 2018, Rev., 5.00%,
10/1/2027
|
50
|
50
|
|
University System of Maryland Series 2019C, Rev., 5.00%, 4/1/2027
|
100
|
102
|
|
Total Maryland
|
|
4,888
|
|
Massachusetts — 3.4%
|
||
|
City of Brockton, GO, BAN, 5.00%, 10/8/2026
|
2,075
|
2,091
|
|
City of Somerville Series 2025B, GO, BAN, 5.00%, 7/1/2026
|
11,500
|
11,521
|
|
Commonwealth of Massachusetts Series C, GO, A.G., 5.25%, 11/1/2026
|
50
|
51
|
|
Commonwealth of Massachusetts, Consolidated Loan of 2023 Series 2023B, GO, 5.00%,
10/1/2026
|
40
|
40
|
|
Commonwealth of Massachusetts, Consolidated Loan of 2025 Series 2025G, GO, 5.00%,
12/1/2029
|
2,000
|
2,166
|
|
Cotuit Fire District, GO, BAN, 4.00%, 12/4/2026
|
3,000
|
3,020
|
|
Massachusetts Clean Water Trust (The), Clean Water State Revolving Fund Series 2022,
Rev., 5.00%, 2/1/2027
|
35
|
36
|
|
Massachusetts Development Finance Agency, Boston University Series 2023GG, Rev., 5.00%,
10/1/2028 (d)
|
160
|
167
|
|
Massachusetts Development Finance Agency, Children's Hospital Corp Obligated Group
Series 2024U-2, Rev., VRDO, LOC : TD
Bank NA, 2.80%, 6/1/2026 (d)
|
10,000
|
10,000
|
|
Massachusetts Development Finance Agency, Partners Healthcare System Issue
|
|
|
|
Series 2016Q, Rev., 5.00%, 7/1/2026
|
280
|
281
|
|
Series O-2, Rev., 5.00%, 7/1/2026
|
50
|
50
|
|
Massachusetts School Building Authority, Dedicated Sales Tax
|
|
|
|
Series 2016B, Rev., 5.00%, 11/15/2026 (b)
|
155
|
157
|
|
Series 2016C, Rev., 4.00%, 11/16/2026 (b)
|
325
|
327
|
|
Massachusetts School Building Authority, Sales Tax Series 2019A, Rev., 5.00%, 2/15/2027
|
25
|
25
|
|
Merrimack Valley Regional Transit Authority, Rev., RAN, 4.25%, 6/18/2026
|
5,000
|
5,003
|
|
North Middlesex Regional School District, GO, BAN, 4.00%, 10/30/2026
|
5,700
|
5,732
|
|
Town of Hatfield, GO, BAN, 4.00%, 7/14/2026
|
4,000
|
4,006
|
|
Town of Nahant, GO, BAN, 4.25%, 7/24/2026
|
2,000
|
2,004
|
|
Town of Orange, GO, BAN, 4.00%, 12/17/2026
|
2,900
|
2,921
|
|
Town of Southborough, GO, BAN, 3.50%, 1/28/2027 (e)
|
3,200
|
3,218
|
|
Town of Southbridge, GO, BAN, 4.00%, 5/27/2027
|
7,500
|
7,603
|
|
University of Massachusetts Building Authority
|
|
|
|
Series 2026-2, Rev., 5.00%, 11/1/2026
|
8,810
|
8,897
|
|
Series 2019-1, Rev., 5.00%, 5/1/2027
|
150
|
153
|
|
Series 2026-1, Rev., 5.00%, 11/1/2027
|
5,000
|
5,165
|
|
Series 2026-2, Rev., 5.00%, 11/1/2030
|
5,000
|
5,490
|
|
Series 2026-1, Rev., 5.00%, 11/1/2031
|
1,000
|
1,115
|
|
Western Massachusetts Emergency Communications District, GO, BAN, 4.00%, 4/23/2027
|
3,000
|
3,024
|
|
Worcester Regional Transit Authority, Rev., RAN, 4.25%, 6/18/2026
|
4,000
|
4,002
|
|
Total Massachusetts
|
|
88,265
|
|
Michigan — 3.1%
|
||
|
Fulton School District, Unlimited Tax Series 2021, GO, A.G., 4.00%, 5/1/2027
|
210
|
212
|
|
Great Lakes Water Authority Water Supply System Series 2026C, Rev., 5.00%, 7/1/2029 (e)
|
3,000
|
3,208
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Michigan — continued
|
||
|
Great Lakes Water Authority, Water Supply System, Second Lien
|
|
|
|
Series 2018A, Rev., 5.00%, 7/1/2026
|
215
|
215
|
|
Series 2018A, Rev., 5.00%, 7/1/2027
|
25
|
26
|
|
Series 2018A, Rev., 5.00%, 7/1/2028
|
100
|
105
|
|
Michigan Finance Authority, Henry Ford Health System
|
|
|
|
Series 2016, Rev., 5.00%, 11/15/2026
|
1,280
|
1,292
|
|
Series 2016, Rev., 5.00%, 11/15/2027
|
760
|
767
|
|
Michigan Finance Authority, Hospital Trinity Health Credit Group
|
|
|
|
Series 2017A-MI, Rev., 5.00%, 12/1/2027
|
140
|
145
|
|
Series 2015MI, Rev., 5.50%, 12/1/2027
|
1,140
|
1,148
|
|
Michigan Finance Authority, Trinity Health Credit Group
|
|
|
|
Series 2017A-MI, Rev., 5.00%, 12/1/2026
|
30
|
30
|
|
Series 2017A-MI, Rev., 5.00%, 12/1/2028
|
45
|
47
|
|
Michigan State Building Authority Series 2016I, Rev., 5.00%, 10/15/2030
|
1,000
|
1,008
|
|
Michigan State Building Authority, Facilities Program
|
|
|
|
Series 2023-I, Rev., VRDO, 1.67%, 6/10/2026 (d)
|
17,000
|
17,000
|
|
Series 2025I, Rev., 5.00%, 4/15/2027
|
1,000
|
1,021
|
|
Michigan State Hospital Finance Authority, Ascension Senior Credit Group Series 2010F-7,
Rev., 5.00%, 11/15/2026 (b)
|
2,300
|
2,323
|
|
Michigan State Housing Development Authority, Rental Housing
|
|
|
|
Series 2024A, Rev., 3.63%, 10/1/2029
|
7,750
|
7,751
|
|
Series 2024A, Rev., 3.70%, 4/1/2030
|
9,000
|
9,000
|
|
Michigan State University Series 2020A, Rev., 5.00%, 8/15/2027
|
80
|
82
|
|
Michigan Strategic Fund, Consumers Co. Project Series 2019, Rev., AMT, 3.35%, 10/1/2027 (d)
|
1,300
|
1,297
|
|
Portage Public Schools, Unlimited Tax School Building and Site Series 2016, GO, 5.00%,
7/13/2026
|
1,395
|
1,397
|
|
RIB Floater Trust Various States Series 2022-046, Rev., VRDO, LOC : Barclays Bank
plc, 2.88%, 6/1/2026 (d) (f)
|
31,410
|
31,410
|
|
Total Michigan
|
|
79,484
|
|
Minnesota — 0.3%
|
||
|
City of Minneapolis, Health Care System, Allina Health System Series 2023B, Rev.,
5.00%, 11/15/2030 (d)
|
1,000
|
1,073
|
|
Duluth Independent School District No. 709 Series 2019B, COP, 5.00%, 2/1/2028
|
300
|
311
|
|
Minneapolis-St Paul Metropolitan Airports Commission
|
|
|
|
Series 2023A, Rev., 5.00%, 1/1/2027
|
50
|
51
|
|
Series A, Rev., 5.00%, 1/1/2029
|
35
|
35
|
|
Minneapolis-St. Paul Metropolitan Airports Commission Series A, Rev., 5.00%, 1/1/2027
|
100
|
101
|
|
State of Minnesota
|
|
|
|
Series 2022A, Rev., 5.00%, 3/1/2027
|
1,330
|
1,354
|
|
Series 2019B, GO, 5.00%, 8/1/2027
|
35
|
36
|
|
State of Minnesota, Various Purpose Series 2025D, GO, 5.00%, 8/1/2027
|
5,000
|
5,147
|
|
Total Minnesota
|
|
8,108
|
|
Mississippi — 0.8%
|
||
|
Mississippi Business Finance Corp., Gulf Opportunity Zone Industrial Development,
Chevron USA, Inc., Project Series 2010H,
Rev., VRDO, 2.85%, 6/1/2026 (d)
|
15,000
|
15,000
|
|
Mississippi Development Bank, Department of Corrections Walnut Grove Correctional
Facility Refunding Bonds Project Series A,
Rev., 5.00%, 8/1/2027
|
2,500
|
2,563
|
|
Mississippi Development Bank, Desoto County Mississippi Highway Project Series 2024A,
Rev., 5.00%, 1/1/2029
|
1,500
|
1,586
|
|
State of Mississippi Series 2016B, GO, 5.00%, 12/1/2026 (b)
|
500
|
506
|
|
Total Mississippi
|
|
19,655
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Missouri — 1.3%
|
||
|
City of Kansas City
|
|
|
|
Series 2018A, GO, 5.00%, 2/1/2027
|
20
|
20
|
|
Series 2017C, Rev., 5.00%, 9/1/2027
|
40
|
41
|
|
Series 2017C, Rev., 5.00%, 9/1/2028
|
175
|
180
|
|
City of St Louis Airport, Lambert St. Louis International Airport Series 2005, Rev.,
NATL - RE, 5.50%, 7/1/2028
|
20
|
21
|
|
City of St. Louis Airport Series 2005, Rev., NATL - RE, 5.50%, 7/1/2027
|
235
|
242
|
|
County of Jackson, Harry S. Truman Sports Complex Project Series 2014, Rev., 5.00%,
12/1/2026
|
20
|
20
|
|
Curators of the University of Missouri (The)
|
|
|
|
Series 2024, Rev., 5.00%, 11/1/2026
|
3,500
|
3,536
|
|
Series 2024, Rev., 5.00%, 11/1/2028
|
1,000
|
1,057
|
|
Series 2024, Rev., 5.00%, 11/1/2029
|
2,500
|
2,697
|
|
Health and Educational Facilities Authority of the State of Missouri Series 2021C,
Rev., 5.00%, 5/1/2028 (d)
|
1,000
|
1,040
|
|
Health and Educational Facilities Authority of the State of Missouri, Mercy Health
|
|
|
|
Series 2018A, Rev., 5.00%, 6/1/2028
|
20
|
21
|
|
Series 2018A, Rev., 5.00%, 6/1/2029
|
40
|
42
|
|
Health and Educational Facilities Authority of the State of Missouri, SSM Health Care
Obligated Group Series 2018F, Rev.,
VRDO, 2.85%, 6/1/2026 (d)
|
13,900
|
13,900
|
|
Health and Educational Facilities Authority of the State of Missouri, St. Louis University
Series 2016, Rev., 5.00%,
11/15/2028
|
70
|
70
|
|
Missouri Development Finance Board, Procter & Gamble Co. Project Series 1999, Rev.,
5.20%, 3/15/2029
|
700
|
736
|
|
Missouri Highway and Transportation Commission, State Appropriations Mega Projects
State Road Series 2025A, Rev., 5.00%,
5/1/2028
|
9,100
|
9,532
|
|
Total Missouri
|
|
33,155
|
|
Nebraska — 0.9%
|
||
|
Metropolitan Utilities District of Omaha Water System Series 2026, Rev., 5.00%, 12/1/2027
|
2,365
|
2,450
|
|
Nebraska Public Power District
|
|
|
|
Series 2026A, Rev., 5.00%, 1/1/2028
|
2,000
|
2,072
|
|
Series 2026B, Rev., 5.00%, 1/1/2028
|
10,860
|
11,253
|
|
Series 2026B, Rev., 5.00%, 7/1/2028
|
6,500
|
6,734
|
|
Omaha School District Series 2016, GO, 5.00%, 12/15/2028
|
1,900
|
1,923
|
|
Total Nebraska
|
|
24,432
|
|
Nevada — 0.5%
|
||
|
Carson City Nevada Hospital, Carson Tahoe Regional Healthcare Project Series 2017,
Rev., 5.00%, 9/1/2027
|
685
|
698
|
|
Clark County School District, Limited Tax
|
|
|
|
Series 2021C, GO, 5.00%, 6/15/2026
|
75
|
75
|
|
Series 2016B, GO, 5.00%, 6/15/2027
|
80
|
81
|
|
Series 2017A, GO, 5.00%, 6/15/2027
|
215
|
220
|
|
Series 2018A, GO, 5.00%, 6/15/2027
|
150
|
154
|
|
Series 2025B, GO, 5.00%, 6/15/2027
|
7,680
|
7,867
|
|
Series 2017A, GO, 5.00%, 6/15/2028
|
115
|
118
|
|
Series 2018A, GO, 5.00%, 6/15/2029
|
60
|
63
|
|
County of Clark
|
|
|
|
Series 2018, GO, 5.00%, 12/1/2026
|
1,000
|
1,012
|
|
Series 2018B, GO, 5.00%, 12/1/2026
|
50
|
50
|
|
Series 2017, Rev., 5.00%, 7/1/2027
|
20
|
20
|
|
County of Clark, Motor Vehicle Fuel Tax Series 2020C, Rev., 5.00%, 7/1/2027
|
165
|
169
|
|
Las Vegas Valley Water District Series 2016B, GO, 5.00%, 6/1/2026
|
50
|
50
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Nevada — continued
|
||
|
State of Nevada Series 2025A, GO, 5.00%, 10/1/2026
|
1,500
|
1,512
|
|
State of Nevada, Capital Improvement and Cultural Affairs Series 2019A, GO, 5.00%,
5/1/2027
|
85
|
87
|
|
State of Nevada, Water Pollution Control Series 2019E, GO, 5.00%, 8/1/2027
|
30
|
31
|
|
Total Nevada
|
|
12,207
|
|
New Hampshire — 0.1%
|
||
|
New Hampshire Health and Education Facilities Authority Act Series 2015B, Rev., 3.30%,
8/3/2027 (d)
|
2,500
|
2,504
|
|
New Hampshire Municipal Bond Bank Series 2022C, Rev., 5.00%, 8/15/2027
|
30
|
31
|
|
Total New Hampshire
|
|
2,535
|
|
New Jersey — 12.2%
|
||
|
Atlantic County Improvement Authority (The), Atlantic City Campus Phase II Project
Series 2021A, Rev., A.G., 5.00%,
7/1/2026
|
100
|
100
|
|
Bergen County Improvement Authority (The), Guaranteed Government Pooled Project
|
|
|
|
Series 2025, Rev., GTD, 4.00%, 10/14/2026
|
7,000
|
7,032
|
|
Series 2026A, Rev., GTD, 4.00%, 5/19/2027
|
16,000
|
16,210
|
|
Borough of Beach Haven Series 2026, GO, BAN, 4.00%, 4/29/2027
|
4,735
|
4,789
|
|
Borough of Carlstadt, GO, BAN, 4.00%, 4/30/2027
|
3,745
|
3,791
|
|
Borough of Carteret Series 2026, GO, BAN, 4.00%, 5/26/2027
|
13,000
|
13,178
|
|
Borough of Franklin Lakes Series 2026, GO, BAN, 4.00%, 6/11/2027 (e)
|
2,000
|
2,026
|
|
Borough of Point Pleasant Beach Series 2025, GO, BAN, 4.00%, 11/6/2026
|
4,000
|
4,022
|
|
Borough of South River, Water Utility Series 2025A, GO, BAN, 4.00%, 12/8/2026
|
3,900
|
3,925
|
|
Borough of Wood-Ridge, GO, BAN, 4.00%, 5/12/2027
|
5,000
|
5,065
|
|
Burlington County Bridge Commission, Government Leasing Program Series 2025D, Rev.,
4.00%, 12/9/2026
|
9,885
|
9,952
|
|
City of Asbury Park, Transportation Sewer Utility Series 2026A, GO, BAN, 4.00%, 1/12/2027
|
5,000
|
5,037
|
|
City of East Orange Series 2025, GO, BAN, 4.00%, 10/14/2026
|
8,400
|
8,441
|
|
City of Gloucester City Series 2026, GO, BAN, 4.00%, 5/11/2027
|
1,500
|
1,517
|
|
City of Jersey City
|
|
|
|
Series 2025A, GO, BAN, 4.00%, 7/8/2026
|
6,500
|
6,508
|
|
Series 2025C, GO, BAN, 4.00%, 10/20/2026
|
13,400
|
13,464
|
|
City of Sea Isle City Series 2025, GO, BAN, 4.00%, 10/15/2026
|
5,000
|
5,026
|
|
City of Wildwood Series 2025A, GO, BAN, 4.00%, 10/2/2026
|
4,800
|
4,820
|
|
Hudson County Improvement Authority Series 2026, Rev., 4.00%, 6/11/2027 (e)
|
3,000
|
3,042
|
|
Hudson County Improvement Authority, Local Unit Loan Program Series B-1, Rev., GTD,
4.00%, 6/24/2026
|
10,000
|
10,007
|
|
Jersey City Municipal Utilities Authority, Water Project Series 2026A, Rev., 4.00%,
4/30/2027
|
10,000
|
10,124
|
|
Jersey City Redevelopment Agency, Bayfront Redevelopment Project Series 2025A, Rev.,
GTD, 5.00%, 12/9/2026
|
2,000
|
2,024
|
|
New Jersey Building Authority Series 2016A, Rev., 5.00%, 6/15/2026 (b)
|
900
|
901
|
|
New Jersey Economic Development Authority
|
|
|
|
Series 2017DDD, Rev., 5.00%, 6/15/2027 (b)
|
45
|
46
|
|
Series A, Rev., 4.00%, 11/1/2027
|
25
|
25
|
|
New Jersey Economic Development Authority, School Facilities Construction
|
|
|
|
Series 2024SSS, Rev., 5.00%, 6/15/2026
|
2,450
|
2,452
|
|
Series 2019GGG, Rev., 5.25%, 9/1/2026 (f)
|
2,500
|
2,515
|
|
Series 2024SSS, Rev., 5.00%, 6/15/2027
|
1,400
|
1,434
|
|
Series WW, Rev., 5.25%, 6/15/2028
|
150
|
150
|
|
New Jersey Health Care Facilities Financing Authority, Barnabas Health Obligated Group
Series 2019B-3, Rev., 5.00%,
7/1/2026 (d)
|
4,535
|
4,543
|
|
New Jersey Higher Education Student Assistance Authority, Senior Student Loan Immediate
Delivery Series 2025-2, Rev., AMT,
5.00%, 6/2/2026 (d)
|
9,000
|
9,001
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
New Jersey — continued
|
||
|
New Jersey Transportation Trust Fund Authority Series 2006C, Rev., AMBAC, BHAC - CR,
Zero Coupon, 12/15/2026
|
500
|
492
|
|
New Jersey Transportation Trust Fund Authority, Capital Appreciation Series 2010A,
Rev., Zero Coupon, 12/15/2028
|
2,485
|
2,303
|
|
New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Series
2016A-1, Rev., 5.00%, 6/15/2028
|
460
|
461
|
|
New Jersey Transportation Trust Fund Authority, Transportation Program Series 2023AA,
Rev., 5.00%, 6/15/2026
|
1,875
|
1,877
|
|
New Jersey Transportation Trust Fund Authority, Transportation System Series 2006C,
Rev., NATL - RE, Zero Coupon,
12/15/2030
|
3,500
|
3,036
|
|
New Jersey Turnpike Authority
|
|
|
|
Series 2014A, Rev., 5.00%, 1/1/2027
|
220
|
220
|
|
Series 2017E, Rev., 5.00%, 1/1/2027
|
1,000
|
1,014
|
|
Passaic County Improvement Authority (The), City of Paterson Project Series 2020,
Rev., GTD, 5.00%, 8/15/2026
|
350
|
352
|
|
State of New Jersey, COVID-19 Emergency Bonds
|
|
|
|
Series 2020A, GO, 5.00%, 6/1/2026
|
2,000
|
2,000
|
|
Series 2020A, GO, 5.00%, 6/1/2027
|
110
|
113
|
|
Tobacco Settlement Financing Corp.
|
|
|
|
Series 2018A, Rev., 5.00%, 6/1/2026
|
335
|
335
|
|
Series 2018A, Rev., 5.00%, 6/1/2028
|
1,045
|
1,088
|
|
Series 2018A, Rev., 5.00%, 6/1/2029
|
280
|
291
|
|
Township of Boonton, GO, BAN, 4.00%, 8/28/2026
|
4,300
|
4,310
|
|
Township of Edison Series 2025, GO, BAN, 4.00%, 11/5/2026
|
10,000
|
10,059
|
|
Township of Hamilton Series 2025B, GO, BAN, 4.00%, 10/7/2026
|
18,000
|
18,083
|
|
Township of Hillside Series 2025, GO, BAN, 4.00%, 12/15/2026
|
3,700
|
3,723
|
|
Township of Jefferson, GO, BAN, 4.00%, 6/11/2027 (e)
|
6,000
|
6,075
|
|
Township of Livingston Series 2025, GO, BAN, 4.00%, 12/3/2026
|
5,000
|
5,035
|
|
Township of Logan Series 2025, GO, BAN, 4.00%, 10/2/2026
|
7,900
|
7,933
|
|
Township of Maple Shade Series 2025A, GO, BAN, 4.00%, 11/4/2026
|
4,000
|
4,021
|
|
Township of Montville Series 2025, GO, BAN, 4.00%, 11/3/2026
|
6,000
|
6,036
|
|
Township of Moorestown Series 2026, GO, BAN, 4.00%, 5/18/2027
|
6,500
|
6,591
|
|
Township of Parsippany-Troy Hills Series 2025, GO, BAN, 4.00%, 10/27/2026
|
12,000
|
12,069
|
|
Township of Pemberton Series 2026, GO, BAN, 4.00%, 5/19/2027
|
4,000
|
4,052
|
|
Township of Piscataway Series 2025, GO, BAN, 4.00%, 10/29/2026
|
10,000
|
10,059
|
|
Township of Saddle Brook, GO, BAN, 4.00%, 5/7/2027
|
4,500
|
4,555
|
|
Township of Washington Series 2025, GO, BAN, 4.25%, 7/2/2026
|
2,500
|
2,503
|
|
Township of Wayne Series 2025, GO, 4.00%, 10/28/2026
|
2,500
|
2,515
|
|
Township of West Orange Series 2026, GO, BAN, 4.00%, 3/17/2027
|
4,000
|
4,033
|
|
Township of West Windsor, GO, BAN, 4.00%, 10/27/2026
|
10,000
|
10,058
|
|
Township of Woodbridge, GO, BAN, 4.00%, 10/9/2026
|
22,000
|
22,103
|
|
Total New Jersey
|
|
318,562
|
|
New Mexico — 0.0% ^
|
||
|
Albuquerque Bernalillo County Water Utility Authority Series 2018, Rev., 5.00%, 7/1/2026
|
50
|
50
|
|
New Mexico Finance Authority, State Transportation, Subordinate Lien
|
|
|
|
Series 2021A, Rev., 5.00%, 6/15/2026
|
1,000
|
1,001
|
|
Series 2018A, Rev., 5.00%, 6/15/2027
|
70
|
72
|
|
State of New Mexico Severance Tax Permanent Fund
|
|
|
|
Series 2018A, Rev., 5.00%, 7/1/2027
|
45
|
46
|
|
Series 2021A, Rev., 5.00%, 7/1/2028
|
65
|
68
|
|
Total New Mexico
|
|
1,237
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
New York — 13.4%
|
||
|
Altmar-Parish-Williamstown Central School District Series 2025B, GO, BAN, 4.25%, 6/25/2026
|
10,000
|
10,008
|
|
Ausable Valley Central School District Series 2025, GO, BAN, 4.25%, 7/10/2026
|
3,000
|
3,004
|
|
Brasher Falls Central School District Series 2025, GO, BAN, 4.25%, 7/16/2026
|
3,500
|
3,504
|
|
Brocton Central School District Series 2025, GO, BAN, 4.25%, 6/25/2026
|
6,000
|
6,005
|
|
Build NYC Resource Corp., The Young Men's and Women's Hebrew Association Project Series
2024, Rev., 5.00%, 12/1/2027
|
5,000
|
5,157
|
|
Canisteo-Greenwood Central School District Series 2025, GO, BAN, 4.25%, 6/26/2026
|
3,000
|
3,003
|
|
City of Albany Series 2026, GO, BAN, 4.00%, 3/19/2027
|
13,100
|
13,197
|
|
City of Jamestown Series 2026, GO, BAN, 4.00%, 5/14/2027
|
1,000
|
1,010
|
|
City of New York, Fiscal Year 2008 Series 2008J, Subseries J-11, GO, 5.00%, 8/1/2026
|
85
|
85
|
|
City of New York, Fiscal Year 2014 Series 2014I, Subseries I-3, GO, VRDO, LIQ : US
Bank NA, 2.75%, 6/1/2026 (d)
|
25,000
|
25,000
|
|
City of New York, Fiscal Year 2017 Series C, GO, 5.00%, 8/1/2028
|
745
|
756
|
|
City of New York, Fiscal Year 2019
|
|
|
|
Series A, GO, 5.00%, 8/1/2026
|
120
|
120
|
|
Series 2019E, GO, 5.00%, 8/1/2027
|
135
|
139
|
|
City of New York, Fiscal Year 2023
|
|
|
|
Series 2023, Subseries F-1, GO, 5.00%, 8/1/2026
|
200
|
201
|
|
Series 2023A, Subseries A-1, GO, 5.00%, 9/1/2026
|
180
|
181
|
|
City of New York, Fiscal Year 2024 Series 2024E, GO, 5.00%, 8/1/2029
|
800
|
856
|
|
City of New York, Fiscal Year 2025
|
|
|
|
Series 2025F, GO, 5.00%, 8/1/2026
|
1,065
|
1,069
|
|
Series 2025A, GO, 5.00%, 8/1/2028
|
1,000
|
1,052
|
|
City of New York, Fiscal Year 2026
|
|
|
|
Series 2026, Subseries F-1, GO, 5.00%, 8/1/2029
|
2,500
|
2,674
|
|
Series 2026B, Subseries B-1, GO, 5.00%, 8/1/2030
|
3,500
|
3,803
|
|
City of Schenectady Series 2026, GO, BAN, 4.00%, 5/14/2027
|
5,900
|
5,967
|
|
City of Utica Series 2026, GO, BAN, 4.00%, 1/22/2027
|
10,000
|
10,062
|
|
Clinton Central School District Series 2025, GO, BAN, 4.25%, 6/25/2026
|
5,000
|
5,004
|
|
Croton-Harmon Union Free School District Series 2025A, GO, BAN, 4.00%, 6/26/2026
|
20,000
|
20,017
|
|
Delaware Academy Central School District at Delhi Series 2025, GO, BAN, 4.25%, 7/22/2026
|
6,000
|
6,008
|
|
Depew Union Free School District Series 2025, GO, BAN, 4.00%, 10/28/2026
|
9,000
|
9,053
|
|
Empire State Development Corp., State Personal Income Tax Series 2022A, Rev., 5.00%,
9/15/2027 (b)
|
20
|
21
|
|
Enlarged City School District of the City of Troy Series 2026, GO, BAN, 4.00%, 6/4/2027
|
9,700
|
9,828
|
|
Geneseo Central School District Series 2025, GO, BAN, 4.25%, 6/25/2026
|
3,000
|
3,002
|
|
Gouverneur Central School District Series 2025, GO, BAN, 4.25%, 7/16/2026
|
10,800
|
10,813
|
|
Hornell City School District Series 2025, GO, BAN, 4.25%, 6/24/2026
|
5,000
|
5,003
|
|
Hudson Falls Central School District Series 2025, GO, BAN, 4.25%, 6/24/2026
|
4,000
|
4,003
|
|
Johnstown City School District Series 2025, GO, BAN, 4.25%, 6/26/2026
|
3,000
|
3,002
|
|
Lansingburgh Central School District at Troy Series 2025, GO, BAN, 4.25%, 7/10/2026
|
5,000
|
5,005
|
|
Long Island Power Authority, Electric System Series 2023F, Rev., 5.00%, 9/1/2027
|
20
|
21
|
|
Lyons Central School District Series 2025, GO, BAN, 4.25%, 6/26/2026
|
3,000
|
3,002
|
|
Madrid-Waddington Central School District Series 2025, GO, BAN, 4.00%, 7/24/2026
|
2,000
|
2,002
|
|
Metropolitan Transportation Authority
|
|
|
|
Series 2002, Subseries G-1F, Rev., (SOFR + 0.43%), 2.86%, 6/1/2026 (c)
|
200
|
200
|
|
Series 2016D, Rev., 5.00%, 11/15/2031
|
1,000
|
1,009
|
|
Monticello Central School District Series 2025, GO, BAN, 4.00%, 6/26/2026
|
1,800
|
1,801
|
|
New York City Municipal Water Finance Authority, Water and Sewer System, Second General
Resolution, Fiscal Year 2015
Series 2015, Subseries BB-4, Rev., VRDO, LIQ : Barclays Bank plc, 2.85%, 6/1/2026 (d)
|
17,000
|
17,000
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
New York — continued
|
||
|
New York City Municipal Water Finance Authority, Water and Sewer System, Second General
Resolution, Fiscal Year 2023
Series 2023, Subseries B-1, Rev., VRDO, LIQ : Mizuho Bank Ltd., 2.85%, 6/1/2026 (d)
|
10,000
|
10,000
|
|
New York City Municipal Water Finance Authority, Water and Sewer System, Second General
Resolution, Fiscal Year 2026
|
|
|
|
Series 2026, Subseries G-1, Rev., 5.00%, 11/1/2028 (e)
|
1,000
|
1,054
|
|
Series 2026, Subseries G-1, Rev., 5.00%, 11/1/2030 (e)
|
1,000
|
1,091
|
|
New York City Transitional Finance Authority Building Aid Series 2019S-2A, Rev., 5.00%,
7/15/2027
|
25
|
26
|
|
New York City Transitional Finance Authority Future Tax Secured
|
|
|
|
Series 2017, Subseries A-1, Rev., 5.00%, 7/13/2026
|
25
|
25
|
|
Series 2023A, Subseries A-1, Rev., 5.00%, 8/1/2026
|
95
|
95
|
|
New York City Transitional Finance Authority Future Tax Secured Fiscal Year 2022 Series
2020B-1, Rev., 5.00%, 11/1/2026
|
80
|
81
|
|
New York City Transitional Finance Authority Future Tax Secured Fiscal Year 2023 Series
2023D, Subseries D-1, Rev., 5.00%,
11/1/2026
|
90
|
91
|
|
New York City Transitional Finance Authority Future Tax Secured, Fiscal Year 2018
Series 2018B-1, Rev., 5.00%, 8/1/2028
|
20
|
20
|
|
New York City Transitional Finance Authority, Building Aid, Fiscal Year 2018 Series
S-1, Rev., 5.00%, 7/15/2028
|
105
|
108
|
|
New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2019
Subseries B-5, Rev., VRDO, LIQ : US Bank
NA, 2.75%, 6/1/2026 (d)
|
25,000
|
25,000
|
|
New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2025
|
|
|
|
Series 2025C, Subseries C-1, Rev., 5.00%, 7/13/2026
|
3,265
|
3,427
|
|
Series 2025A, Subseries A-1, Rev., 5.00%, 11/1/2026
|
40
|
40
|
|
Series 2025C, Subseries C-1, Rev., 5.00%, 5/1/2029
|
2,000
|
2,128
|
|
New York City Transitional Finance Authority, Future Tax Secured, Subordinate, Fiscal
Year 2025
|
|
|
|
Series 2025J, Subseries J-1, Rev., 5.00%, 11/1/2027
|
2,000
|
2,067
|
|
Series 2025F, Subseries F-1, Rev., 5.00%, 11/1/2029
|
2,000
|
2,148
|
|
Series 2025H, Subseries H-1, Rev., 5.00%, 11/1/2029
|
1,750
|
1,880
|
|
Series 2025F, Subseries F-1, Rev., 5.00%, 11/1/2030
|
1,400
|
1,528
|
|
New York State Dormitory Authority Series 2024A, Rev., A.G., 5.00%, 10/1/2026
|
1,000
|
1,008
|
|
New York State Dormitory Authority, New York University Series 2017A, Rev., 5.00%,
7/1/2028
|
25
|
26
|
|
New York State Dormitory Authority, Sales Tax Series 2024A, Rev., A.G., 5.00%, 10/1/2027
|
1,100
|
1,137
|
|
New York State Dormitory Authority, School Districts Financing Program
|
|
|
|
Series 2025A, Rev., A.G., 5.00%, 10/1/2027
|
2,500
|
2,583
|
|
Series 2025A, Rev., A.G., 5.00%, 10/1/2028
|
1,000
|
1,055
|
|
Series 2026A, Rev., 5.00%, 10/1/2029 (e)
|
10,725
|
11,494
|
|
New York State Dormitory Authority, State Personal Income Tax
|
|
|
|
Series 2021A, Rev., 5.00%, 3/15/2027 (b)
|
180
|
183
|
|
Series 2021E, Rev., 5.00%, 3/15/2028
|
205
|
214
|
|
New York State Dormitory Authority, State Personal Income Tax, General Purpose
|
|
|
|
Series 2017A, Rev., 5.00%, 2/15/2027 (b)
|
50
|
51
|
|
Series 2026A, Rev., 5.00%, 3/15/2029
|
2,500
|
2,667
|
|
Series 2026A, Rev., 5.00%, 3/15/2030
|
2,000
|
2,175
|
|
Series 2025C, Rev., 5.00%, 3/15/2031
|
3,100
|
3,426
|
|
New York State Dormitory Authority, State Sales Tax
|
|
|
|
Series 2016A, Rev., 5.00%, 9/15/2026 (b)
|
85
|
86
|
|
Series 2016A, Rev., 5.00%, 3/15/2028
|
35
|
35
|
|
New York State Dormitory Authority, Touro College and University System Series 2017,
Rev., 5.00%, 1/3/2028 (b)
|
615
|
637
|
|
New York State Housing Finance Agency, State Personal Income Tax Series 2024A-2, Rev.,
3.35%, 6/15/2029 (d)
|
2,000
|
2,005
|
|
Owego Apalachin Central School District
|
|
|
|
Series 2025A, GO, BAN, 4.25%, 7/2/2026
|
2,500
|
2,502
|
|
Series 2025B, GO, BAN, 4.25%, 7/17/2026
|
2,500
|
2,504
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
New York — continued
|
||
|
Palmyra Macedon Central School District Series 2026, GO, BAN, 3.25%, 6/10/2027 (e)
|
4,000
|
4,009
|
|
Pembroke Central School District Series 2025, GO, BAN, 3.75%, 12/11/2026
|
5,000
|
5,028
|
|
Port Authority of New York and New Jersey, Consolidated
|
|
|
|
Series 246, Rev., AMT, 5.00%, 9/1/2026
|
8,250
|
8,296
|
|
Series 177TH, Rev., AMT, 4.00%, 7/15/2030
|
400
|
400
|
|
Randolph Central School District Series 2025, GO, BAN, 4.25%, 6/26/2026
|
5,000
|
5,004
|
|
Ridge Road Fire District Series 2025, GO, BAN, 4.00%, 10/21/2026
|
2,300
|
2,310
|
|
Sherman Central School District Series 2025, GO, BAN, 4.25%, 6/24/2026
|
5,400
|
5,404
|
|
Town of Amherst Series 2025, GO, BAN, 4.00%, 10/28/2026
|
6,100
|
6,135
|
|
Town of Irondequoit Series 2025B, GO, BAN, 4.00%, 12/11/2026
|
3,800
|
3,823
|
|
Town of Milton Series 2025, GO, BAN, 4.00%, 7/24/2026
|
3,500
|
3,503
|
|
Triborough Bridge and Tunnel Authority
|
|
|
|
Series A, Rev., 5.00%, 11/15/2026
|
100
|
101
|
|
Series A, Rev., 5.00%, 11/15/2027
|
50
|
51
|
|
Triborough Bridge and Tunnel Authority, Payroll Mobility Tax Series 2024B, Rev., BAN,
5.00%, 3/15/2027
|
2,000
|
2,039
|
|
Webb Union Free School District Series 2025, GO, BAN, 4.25%, 7/16/2026
|
3,000
|
3,003
|
|
West Seneca Central School District Series 2025, GO, BAN, 4.00%, 6/26/2026
|
10,000
|
10,008
|
|
Wheatland Chili Central School District Series 2025A, GO, BAN, 4.25%, 7/9/2026
|
1,500
|
1,502
|
|
Total New York
|
|
347,860
|
|
North Carolina — 0.6%
|
||
|
Charlotte-Mecklenburg Hospital Authority (The), Atrium Health Care System Series 2021C,
Rev., 5.00%, 12/1/2028 (d)
|
1,000
|
1,053
|
|
City of Raleigh Series 2024, Rev., 5.00%, 10/1/2026
|
2,500
|
2,521
|
|
County of Durham Series 2023A, Rev., 5.00%, 6/1/2026
|
85
|
85
|
|
County of Harnett Series 2020, Rev., 5.00%, 12/1/2026
|
200
|
202
|
|
County of New Hanover, New Hanover Regional Medical Center Series 2017, Rev., 5.00%,
10/1/2027 (b)
|
1,580
|
1,630
|
|
County of Union Enterprise System Series 2021, Rev., 5.00%, 6/1/2026
|
35
|
35
|
|
North Carolina Housing Finance Agency, Homeownership-1998 Trust Series 52-C, Rev.,
VRDO, GNMA / FNMA / FHLMC, LIQ : TD
Bank NA, 2.80%, 6/1/2026 (d)
|
9,500
|
9,500
|
|
North Carolina Municipal Power Agency No. 1
|
|
|
|
Series 2016A, Rev., 5.00%, 1/1/2028
|
265
|
266
|
|
Series 2016A, Rev., 5.00%, 1/1/2029
|
250
|
251
|
|
Orange County Public Facilities Co. Series 2017, Rev., 5.00%, 10/1/2026
|
175
|
176
|
|
State of North Carolina
|
|
|
|
Series 2016A, GO, 5.00%, 6/1/2026
|
50
|
50
|
|
Series 2018A, GO, 5.00%, 6/1/2026
|
50
|
50
|
|
State of North Carolina, Limited Obligation Series 2017B, Rev., 5.00%, 5/1/2029
|
525
|
536
|
|
Total North Carolina
|
|
16,355
|
|
Ohio — 6.7%
|
||
|
Akron Bath Copley Joint Township Hospital District, Summa Health Obligated Group Series
2020, Rev., 5.00%,
11/15/2026 (b)
|
350
|
354
|
|
American Municipal Power, Inc., AMP Fremont Energy Center Project Series 2017A, Rev.,
5.00%, 2/15/2028
|
100
|
104
|
|
American Municipal Power, Inc., Combined Hydroelectric Projects Series 2020A, Rev.,
5.00%, 2/15/2027
|
330
|
335
|
|
Central Ohio Solid Waste Authority Series 2025, GO, BAN, 4.00%, 10/28/2026
|
3,000
|
3,016
|
|
Cincinnati City School District, Classroom Facilities Construction and Improvement
Series 2006, GO, NATL - RE, 5.25%,
12/1/2026
|
50
|
51
|
|
City of Cincinnati, Various Purpose Unlimited Tax Series 2019, GO, 5.00%, 12/1/2026
|
90
|
91
|
|
City of Cleveland, various Purpose Series 2025, GO, BAN, 4.00%, 12/9/2026
|
3,000
|
3,021
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Ohio — continued
|
||
|
City of Columbus, Various Purpose Series 2021A, GO, 5.00%, 4/1/2027
|
40
|
41
|
|
City of Columbus, Various Purpose, Unlimited Tax
|
|
|
|
Series 2025A, GO, 5.00%, 10/1/2026
|
3,450
|
3,477
|
|
Series 2025A, GO, 5.00%, 10/1/2027
|
1,100
|
1,136
|
|
Series 2022B, GO, 5.00%, 4/1/2028
|
1,745
|
1,823
|
|
Series 2017-1, GO, 5.00%, 4/1/2029
|
4,000
|
4,128
|
|
Series 2017A, GO, 4.00%, 4/1/2031
|
2,050
|
2,069
|
|
City of Forest Park Series 2026, GO, BAN, 4.00%, 5/13/2027
|
1,000
|
1,012
|
|
City of Hamilton, Limited Tax Various Purpose Series 2025, GO, BAN, 4.00%, 12/15/2026
|
3,600
|
3,626
|
|
City of Huber Heights, Various Purpose Series 2025, GO, BAN, 5.00%, 6/25/2026
|
6,000
|
6,007
|
|
City of Hudson, Limited Tax Series 2025, GO, BAN, 4.00%, 12/11/2026
|
15,300
|
15,415
|
|
City of Lakewood Series 2026, GO, 4.00%, 4/7/2027
|
4,100
|
4,126
|
|
City of Macedonia, Various Purpose, GO, BAN, 4.00%, 1/26/2027
|
1,500
|
1,509
|
|
City of Strongsville, First Station Construction Series 2025, GO, 4.00%, 12/9/2026
|
1,500
|
1,510
|
|
Cleveland-Cuyahoga County Port Authority, The Cleveland Museum of Natural History
Project Series 2021, Rev., 5.00%,
7/1/2026
|
125
|
125
|
|
County of Allen, Hospital Facilities Series 2017A, Rev., 5.00%, 8/1/2027
|
300
|
307
|
|
County of Cuyahoga Series 2020D, Rev., 5.00%, 12/1/2026
|
40
|
41
|
|
County of Cuyahoga, Convention Hotel Project
|
|
|
|
Series 2024, COP, 5.00%, 12/1/2026
|
4,220
|
4,265
|
|
Series 2024, COP, 5.00%, 12/1/2027
|
575
|
594
|
|
County of Hamilton Sewer System Series 2020A, Rev., 5.00%, 12/1/2026
|
20
|
20
|
|
County of Hamilton, Sales Tax
|
|
|
|
Series 2025, Rev., BAN, 5.00%, 12/1/2026
|
18,200
|
18,401
|
|
Series 2016A, Rev., 5.00%, 12/1/2029
|
110
|
111
|
|
County of Hamilton, Trihealth, Inc. Group Project Series 2020A, Rev., 5.00%, 8/15/2027
|
305
|
313
|
|
County of Mahoning, Limited Tax Various Tax Series 2025, GO, 4.00%, 10/12/2026
|
3,200
|
3,208
|
|
County of Montgomery, Dayton Children's Hospital Series 2021, Rev., 5.00%, 8/1/2026
|
425
|
426
|
|
Kings Local School District, Unlimited Tax Series 2025, GO, BAN, 5.00%, 7/9/2026
|
2,000
|
2,004
|
|
Monroe Local School District Series 2025, GO, BAN, 4.00%, 12/2/2026
|
3,200
|
3,219
|
|
Ohio Higher Educational Facility Commission, Case Western Reserve University Project
|
|
|
|
Series 2018, Rev., 5.00%, 12/1/2026
|
120
|
121
|
|
Series 2018, Rev., 5.00%, 12/1/2029
|
40
|
41
|
|
Ohio State University (The)
|
|
|
|
Series 2023A-1, Rev., VRDO, 1.55%, 6/10/2026 (d)
|
25,000
|
25,000
|
|
Series 2021A, Rev., 5.00%, 12/1/2026
|
225
|
228
|
|
Ohio Turnpike & Infrastructure Commission Series 2017A, Rev., 5.00%, 2/15/2028
|
200
|
203
|
|
State of Ohio
|
|
|
|
Series 2017V, GO, 5.00%, 10/1/2026
|
100
|
101
|
|
Series 2019-1, Rev., 5.00%, 12/15/2026
|
50
|
51
|
|
Series 2025A, Rev., 5.00%, 10/1/2027
|
3,250
|
3,352
|
|
State of Ohio, Capital Facilities Lease Appropriation, Park and Recreation Improvement
Fund Project
|
|
|
|
Series 2016C, Rev., 5.00%, 12/1/2026
|
45
|
46
|
|
Series 2025A, Rev., 5.00%, 12/1/2027
|
1,000
|
1,035
|
|
Series 2025A, Rev., 5.00%, 12/1/2028
|
2,700
|
2,859
|
|
State of Ohio, Common School
|
|
|
|
Series 2015A, GO, 5.00%, 9/15/2026
|
140
|
141
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Ohio — continued
|
||
|
Series 2017B, GO, 5.00%, 9/15/2026
|
50
|
50
|
|
Series 2025A, GO, 5.00%, 6/15/2029
|
8,130
|
8,716
|
|
Series 2025A, GO, 5.00%, 6/15/2030
|
7,500
|
8,190
|
|
State of Ohio, Higher Education
|
|
|
|
Series 2025C, GO, 5.00%, 11/1/2027
|
7,560
|
7,831
|
|
Series 2025B, GO, 5.00%, 11/1/2030
|
1,485
|
1,632
|
|
State of Ohio, Infrastructure Improvement
|
|
|
|
Series 2020B, GO, 5.00%, 8/1/2026
|
4,000
|
4,016
|
|
Series 2025A, GO, 5.00%, 3/1/2030
|
4,000
|
4,345
|
|
State of Ohio, Major New State Infrastructure Project
|
|
|
|
Series 2026-1, Rev., 5.00%, 12/15/2026
|
5,300
|
5,369
|
|
Series 2024-1, Rev., 5.00%, 12/15/2027
|
1,235
|
1,280
|
|
Series 2026-1, Rev., 5.00%, 12/15/2027
|
3,500
|
3,626
|
|
Series 2026-1, Rev., 5.00%, 12/15/2028
|
5,510
|
5,829
|
|
State of Ohio, Mental Health Facilities Improvement Fund Projects
|
|
|
|
Series 2025A, Rev., 5.00%, 2/1/2028
|
2,000
|
2,077
|
|
Series 2025A, Rev., 5.00%, 2/1/2029
|
1,100
|
1,166
|
|
State of Ohio, State Infrastructure Improvement Series 2016-1, Rev., 5.00%, 6/15/2026
|
1,000
|
1,001
|
|
State of Ohio, State Infrastructure Project Series 2018-1, Rev., 5.00%, 12/15/2026
|
20
|
20
|
|
State of Ohio, Voting System Acquisition Project Series 2018, COP, 5.00%, 9/1/2026
|
20
|
20
|
|
University of Cincinnati
|
|
|
|
Series 2016A, Rev., 5.00%, 6/1/2026
|
25
|
25
|
|
Series 2019A, Rev., 5.00%, 6/1/2027
|
85
|
87
|
|
Total Ohio
|
|
174,343
|
|
Oklahoma — 1.5%
|
||
|
Canadian County Independent School District No. 69 Mustang
|
|
|
|
Series 2024A, GO, 4.00%, 6/1/2027
|
1,555
|
1,574
|
|
Series 2026A, GO, 4.00%, 6/1/2028 (e)
|
1,000
|
1,024
|
|
Series 2026A, GO, 4.00%, 6/1/2029 (e)
|
4,810
|
4,975
|
|
Series 2026A, GO, 4.00%, 6/1/2031 (e)
|
3,820
|
4,007
|
|
City of Oklahoma City
|
|
|
|
Series 2016, GO, 5.00%, 3/1/2027
|
1,000
|
1,018
|
|
Series 2025, GO, 5.00%, 3/1/2027
|
2,600
|
2,647
|
|
Series 2025, GO, 5.00%, 3/1/2028
|
1,470
|
1,532
|
|
Cleveland County Educational Facilities Authority, Norman Public Schools Project Series
2023A, Rev., 5.00%, 6/1/2028
|
1,300
|
1,353
|
|
Grand River Dam Authority
|
|
|
|
Series 2014A, Rev., 5.00%, 6/1/2026
|
405
|
405
|
|
Series 2016A, Rev., 5.00%, 6/1/2026
|
65
|
65
|
|
Series 2016A, Rev., 5.00%, 6/1/2027
|
60
|
60
|
|
Series 2016A, Rev., 5.00%, 6/1/2029
|
30
|
30
|
|
Oklahoma City Public Property Authority, Sales Tax Series 2026, Rev., 5.00%, 6/1/2029 (e)
|
3,500
|
3,719
|
|
Oklahoma County Independent School District No. 52 Midwest City-Del City
|
|
|
|
Series 2026, GO, 5.00%, 7/1/2028 (e)
|
2,000
|
2,091
|
|
Series 2026, GO, 4.00%, 7/1/2029 (e)
|
5,920
|
6,132
|
|
Oklahoma Municipal Power Authority, Power Supply System Series 2021A, Rev., A.G.,
5.00%, 1/1/2027
|
65
|
66
|
|
Pittsburg County Educational Facilities Authority, McAlester Public Schools Project
Series 2021, Rev., 4.00%, 12/1/2026
|
250
|
251
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Oklahoma — continued
|
||
|
Tulsa County Independent School District No. 1 Tulsa Series 2025A, GO, 4.00%, 4/1/2028
|
2,800
|
2,863
|
|
Tulsa County Independent School District No. 4 Bixby Series 2025, GO, 5.00%, 6/1/2027
|
5,400
|
5,516
|
|
Total Oklahoma
|
|
39,328
|
|
Oregon — 0.2%
|
||
|
Clackamas County School District No. 46 Oregon Trail Series 2017, GO, 5.00%, 6/15/2029
|
1,500
|
1,536
|
|
State of Oregon Department of Transportation Series A, Rev., 5.00%, 11/15/2026
|
225
|
227
|
|
State of Oregon, Article XI-G Project Series 2025G, GO, 5.00%, 8/1/2027
|
3,400
|
3,498
|
|
State of Oregon, Article XI-M Seismic Project & Article XI-Q State Project Series
F, GO, 5.00%, 5/1/2028
|
30
|
30
|
|
Tri-County Metropolitan Transportation District of Oregon Series 2018A, Rev., 5.00%,
10/1/2029
|
100
|
104
|
|
Total Oregon
|
|
5,395
|
|
Other — 0.4%
|
||
|
2026 Loan Holding-1 Series CR-2026, Rev., (SIFMA Municipal Swap Index Yield + 0.88%),
2.45%, 6/10/2026 (c) (f)
|
11,000
|
10,906
|
|
Pennsylvania — 4.4%
|
||
|
Allegheny County Higher Education Building Authority, Robert Morris University Series
2017, Rev., 5.00%, 10/15/2027 (b)
|
570
|
588
|
|
Allegheny County Hospital Development Authority, Pittsburgh Medical Center Series
2019A, Rev., 5.00%, 7/15/2026
|
45
|
45
|
|
Allegheny County Hospital Development Authority, UPMC Health Center Series 1997B,
Rev., NATL - RE, 6.00%, 7/1/2027
|
75
|
78
|
|
Allegheny County Sanitary Authority, Sewer Series 2020A, Rev., 5.00%, 6/1/2026
|
675
|
675
|
|
City of Philadelphia Series 2019B, GO, 5.00%, 2/1/2028
|
40
|
42
|
|
City of Philadelphia Water and Wastewater
|
|
|
|
Series 2014A, Rev., 5.00%, 7/1/2026
|
1,800
|
1,803
|
|
Series 2017, GO, A.G., 5.00%, 8/1/2027
|
55
|
57
|
|
Series 1997A, Rev., AMBAC, 5.13%, 8/1/2027 (b)
|
60
|
62
|
|
City of Pittsburgh Series 2020A, GO, 5.00%, 9/1/2026
|
300
|
302
|
|
Commonwealth Financing Authority
|
|
|
|
Series 2019B, Rev., 5.00%, 6/1/2027
|
365
|
373
|
|
Series 2020A, Rev., 5.00%, 6/1/2027
|
20
|
20
|
|
Commonwealth Financing Authority, Tobacco Master Settlement Payment
|
|
|
|
Series 2018, Rev., 5.00%, 6/1/2027
|
1,000
|
1,023
|
|
Series 2018, Rev., 5.00%, 6/1/2028
|
1,825
|
1,906
|
|
Series 2018, Rev., 5.00%, 6/1/2029
|
3,550
|
3,699
|
|
Series 2018, Rev., 5.00%, 6/1/2030
|
2,200
|
2,289
|
|
Commonwealth of Pennsylvania
|
|
|
|
Series 2025B, GO, 5.00%, 8/15/2026
|
1,925
|
1,934
|
|
Series 1ST, GO, 5.00%, 9/15/2026
|
855
|
861
|
|
Series 2018A, COP, 5.00%, 7/1/2027
|
405
|
415
|
|
Series 2016, GO, 5.00%, 9/15/2027
|
775
|
780
|
|
Series 2025A, GO, 5.00%, 8/15/2028
|
11,000
|
11,557
|
|
Series 2025B, GO, 5.00%, 8/15/2028
|
3,750
|
3,940
|
|
County of Dauphin
|
|
|
|
Series 2020A, GO, 5.00%, 11/15/2026 (b)
|
110
|
111
|
|
Series 2020A, GO, 5.00%, 11/15/2027 (b)
|
25
|
26
|
|
County of Indiana Series 2021, GO, 3.00%, 12/15/2026
|
435
|
435
|
|
County of Luzerne
|
|
|
|
Series 2025, GO, A.G., 5.00%, 6/15/2026
|
1,550
|
1,551
|
|
Series 2025, GO, A.G., 5.00%, 6/15/2027
|
1,000
|
1,024
|
|
Series 2025, GO, A.G., 5.00%, 6/15/2028
|
1,900
|
1,989
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Pennsylvania — continued
|
||
|
Cumberland County Municipal Authority, Diakon Lutheran Social Ministries Project Series
2016, Rev., 5.00%, 1/1/2028
|
840
|
841
|
|
Delaware County Authority, Cabrini University Series 2017, Rev., 5.00%, 7/1/2027 (b)
|
1,640
|
1,676
|
|
Delaware Valley Regional Finance Authority, Local Government Series 1998A, Rev., AMBAC,
5.50%, 8/1/2028
|
1,240
|
1,307
|
|
Geisinger Authority, Health System
|
|
|
|
Series 2020B, Rev., 5.00%, 2/15/2027 (d)
|
8,700
|
8,740
|
|
Series 2017A-2, Rev., 5.00%, 2/15/2029
|
675
|
686
|
|
Series 2020C, Rev., 5.00%, 4/1/2030 (d)
|
1,000
|
1,058
|
|
General Authority of Southcentral Pennsylvania, Wellspan Health Obligated Group Series
2025A, Rev., 5.00%, 6/1/2029
|
1,600
|
1,703
|
|
Lancaster County Hospital Authority, University of Pennsylvania Health System Series
2016A, Rev., 5.00%, 8/15/2026
|
20
|
20
|
|
Pennsylvania Economic Development Financing Authority, University of Pittsburgh Medical
Center
|
|
|
|
Series 2017A, Rev., 5.00%, 11/15/2026
|
65
|
66
|
|
Series 2016, Rev., 5.00%, 3/15/2027
|
55
|
55
|
|
Pennsylvania Economic Development Financing Authority, Waste Management, Inc., Project
|
|
|
|
Series 2021A, Rev., AMT, 4.00%, 7/1/2026 (d)
|
7,000
|
7,006
|
|
Series 2013, Rev., AMT, VRDO, 2.95%, 8/3/2026 (d)
|
1,250
|
1,250
|
|
Series 2017A, Rev., AMT, 3.88%, 8/3/2026 (d)
|
2,900
|
2,904
|
|
Pennsylvania Higher Educational Facilities Authority Series 2017AU-2, Rev., 5.00%,
6/15/2027 (b)
|
15
|
15
|
|
Pennsylvania Higher Educational Facilities Authority, State System Higher Education
Series 2017AU-2, Rev., 5.00%,
6/15/2027
|
35
|
36
|
|
Pennsylvania State University (The) Series B, Rev., 5.00%, 9/1/2028
|
40
|
40
|
|
Pennsylvania Turnpike Commission
|
|
|
|
Series 2016A-1, Rev., 5.00%, 6/1/2026
|
100
|
100
|
|
Series 2016B, Rev., 5.00%, 6/1/2026
|
75
|
75
|
|
Series 2020, Rev., VRDO, LOC : TD Bank NA, 1.55%, 6/10/2026 (d)
|
35,000
|
35,000
|
|
Series 2020B, Rev., 5.00%, 12/1/2026
|
400
|
405
|
|
Series 2021C, Rev., 5.00%, 12/1/2026
|
100
|
101
|
|
Series A-2, Rev., 5.00%, 12/1/2026
|
25
|
25
|
|
Series 2019A, Rev., 4.00%, 12/1/2027
|
265
|
270
|
|
Series 2016A-3, Rev., 5.00%, 12/1/2027
|
1,355
|
1,369
|
|
Series 2017, Rev., 5.00%, 12/1/2029
|
50
|
52
|
|
Pennsylvania Turnpike Commission Oil Franchise Tax Series B, Rev., 5.00%, 12/1/2028
|
485
|
490
|
|
Pennsylvania Turnpike Commission, Motor License Fund, Enhanced, Subordinate Series
2016, Rev., 5.00%, 12/1/2026
|
45
|
46
|
|
Pennsylvania Turnpike Commission, Subordinate
|
|
|
|
Series A-2, Rev., 5.00%, 6/1/2026
|
2,000
|
2,000
|
|
Series 2026-1, Rev., 5.00%, 6/1/2027
|
1,400
|
1,433
|
|
Philadelphia Authority for Industrial Development
|
|
|
|
Series 2019, Rev., 5.00%, 10/1/2028
|
200
|
210
|
|
Series 2019, Rev., 5.00%, 10/1/2029
|
75
|
80
|
|
Philadelphia Gas Works Co., 1998 General Ordinance
|
|
|
|
Series 14TH, Rev., 5.00%, 10/1/2026
|
30
|
30
|
|
Series 14TH, Rev., 5.00%, 10/1/2028
|
300
|
302
|
|
Series 14TH, Rev., 5.00%, 10/1/2029
|
325
|
327
|
|
Pottsville Hospital Authority Series 2016 B, Rev., 5.00%, 1/1/2027 (b)
|
250
|
253
|
|
School District of Philadelphia (The)
|
|
|
|
Series 2019B, GO, 5.00%, 9/1/2026
|
1,000
|
1,005
|
|
Series F, GO, 5.00%, 9/1/2026
|
5,000
|
5,028
|
|
Series 2026A, GO, 5.00%, 9/1/2027 (e)
|
1,200
|
1,233
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Pennsylvania — continued
|
||
|
Series 2019A, GO, 5.00%, 9/1/2028
|
70
|
73
|
|
Southeastern Pennsylvania Transportation Authority
|
|
|
|
Series 2017, Rev., 5.00%, 6/1/2027
|
80
|
82
|
|
Series 2017, Rev., 5.00%, 6/1/2029
|
300
|
306
|
|
Township of East Coventry Series 2021, GO, 3.00%, 12/1/2026
|
275
|
275
|
|
Total Pennsylvania
|
|
115,558
|
|
Rhode Island — 1.0%
|
||
|
Bristol Warren Regional School District Series 2026 - 2, GO, BAN, 4.00%, 6/2/2027 (e)
|
10,000
|
10,121
|
|
Rhode Island Commerce Corp., Department of Transportation
|
|
|
|
Series 2016B, Rev., 5.00%, 6/15/2026
|
115
|
115
|
|
Series 2016B, Rev., 5.00%, 6/15/2027
|
340
|
341
|
|
Series 2020A, Rev., 5.00%, 5/15/2028
|
280
|
292
|
|
Series 2016B, Rev., 5.00%, 6/15/2029
|
440
|
441
|
|
Town of South Kingstown Series 2025-1, GO, BAN, 4.00%, 6/25/2026
|
15,000
|
15,012
|
|
Total Rhode Island
|
|
26,322
|
|
South Carolina — 1.3%
|
||
|
County Square Redevelopment Corp., Greenville South Carolina Project Series 2025,
Rev., 5.00%, 4/1/2030
|
5,900
|
6,419
|
|
South Carolina Jobs-Economic Development Authority, Bon Secours Mercy Health, Inc.
Series 2025B-1, Rev., 5.00%,
11/1/2030 (d)
|
2,000
|
2,149
|
|
South Carolina Jobs-Economic Development Authority, Custodial Receipts CR 086 Series
CR-086, Rev., 5.00%, 8/15/2026 (b)
(f)
|
1,000
|
1,004
|
|
South Carolina Jobs-Economic Development Authority, Enerra South Carolina Project
Series 2024, Rev., AMT, 3.70%,
12/1/2026 (d) (f)
|
2,500
|
2,498
|
|
South Carolina Public Service Authority Series 2016A, Rev., 5.00%, 12/1/2031
|
590
|
590
|
|
South Carolina Public Service Authority, Santee Cooper Series 2022B, Rev., A.G. -
CR, 4.00%, 12/1/2029
|
2,500
|
2,594
|
|
South Carolina State Housing Finance and Development Authority
|
|
|
|
Series 2026A, Rev., GNMA / FNMA / FHLMC, 6.00%, 1/1/2028
|
1,055
|
1,108
|
|
Series 2026A, Rev., GNMA / FNMA / FHLMC, 6.00%, 7/1/2028
|
1,085
|
1,156
|
|
Spartanburg County School District No. 7 Series 2025, GO, BAN, SCSDE, 4.00%, 10/15/2026
|
16,000
|
16,079
|
|
Total South Carolina
|
|
33,597
|
|
South Dakota — 0.0% ^
|
||
|
City of Sioux Falls Sales Tax Series 2017A, Rev., 5.00%, 11/15/2026
|
130
|
131
|
|
Tennessee — 0.8%
|
||
|
City of Chattanooga Electric Series 2025, Rev., 5.00%, 9/1/2028
|
6,000
|
6,322
|
|
City of Memphis Memphis Light Gas and Water Division Electric System Series 2024,
Rev., 5.00%, 12/1/2026
|
105
|
106
|
|
County of Wilson Series 2018, GO, 5.00%, 4/1/2027
|
30
|
31
|
|
Health Educational and Housing Facility Board of the City of Memphis (The), Arbors
Hickory Ridge Project Series 2012, Rev.,
6.25%, 1/1/2029 (b)
|
3,562
|
3,902
|
|
Lewisburg Industrial Development Board, Solid Waste Disposal Waste Management, Inc.
of Tennessee Project Series 2012,
Rev., AMT, VRDO, 2.95%, 8/3/2026 (d)
|
1,000
|
1,000
|
|
Metropolitan Government Nashville and Davidson County Health and Educational Facilities
Board, Multi-Family Housing, HV
Land Co. Apartments Series 2022, Rev., 3.35%, 12/1/2026 (d)
|
3,450
|
3,461
|
|
Metropolitan Government Nashville and Davidson County, Health and Educational Facilities
Board, Northview Project Series
2023B, Rev., 3.60%, 2/1/2028 (d)
|
1,000
|
1,009
|
|
Metropolitan Government Nashville and Davidson County, Health and Educational Facilities
Board, Vanderbilt University
Medical Center Series 2023A, Rev., 5.00%, 7/1/2028
|
25
|
26
|
|
Metropolitan Government of Nashville and Davidson County Series 2016, GO, 5.00%, 7/1/2026
|
300
|
301
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Tennessee — continued
|
||
|
Rutherford County Health and Educational Facilities Board, Ascension Senior Credit
Group Series 2025B1, Rev., 5.00%,
11/15/2030 (d)
|
1,655
|
1,788
|
|
Shelby County Health Educational and Housing Facilities Board, Baptism Memorial Health
Obligated Group Series 2025B, Rev.,
5.00%, 9/1/2030 (d)
|
2,000
|
2,130
|
|
Tennessee Energy Acquisition Corp., Commodity Project Series 2021A, Rev., 5.00%, 11/1/2026
|
350
|
352
|
|
Tennessee State School Bond Authority, Higher Educational Facilities Second Program
Series A, Rev., 5.00%, 11/1/2026
|
65
|
66
|
|
Total Tennessee
|
|
20,494
|
|
Texas — 9.0%
|
||
|
Alamo Community College District, Limited Tax Series 2017, GO, 5.00%, 8/15/2027
|
25
|
26
|
|
Alamo Community College District, Maintenance Tax
|
|
|
|
Series 2022, GO, 5.00%, 2/15/2027
|
75
|
76
|
|
Series 2022, GO, 5.00%, 2/15/2028
|
900
|
935
|
|
Aldine Independent School District, Limited Tax Series 2017A, GO, PSF-GTD, 5.00%,
2/15/2027
|
35
|
36
|
|
Alvin Independent School District Series 2026, GO, PSF-GTD, 5.00%, 2/15/2027
|
40
|
41
|
|
Arlington Independent School District Series 2023, GO, PSF-GTD, 5.00%, 2/15/2027
|
1,875
|
1,907
|
|
Austin Independent School District, Unlimited Tax Series 2019, GO, PSF-GTD, 5.00%,
8/1/2029
|
35
|
37
|
|
Board of Regents of the University of Texas System
|
|
|
|
Series 2016B, Rev., 5.00%, 8/15/2026
|
45
|
45
|
|
Series 2016D, Rev., 5.00%, 8/15/2026
|
300
|
301
|
|
Series 2016J, Rev., 5.00%, 8/15/2026
|
25
|
25
|
|
Series 2021A, Rev., 5.00%, 8/15/2027
|
95
|
98
|
|
Burleson Independent School District Series 2025, GO, PSF-GTD, 5.00%, 8/1/2027
|
2,375
|
2,442
|
|
City of Austin Water and Wastewater System
|
|
|
|
Series 2016, Rev., 5.00%, 11/15/2026 (b)
|
155
|
157
|
|
Series 2021, Rev., 5.00%, 11/15/2026 (b)
|
25
|
25
|
|
Series 2021, Rev., 5.00%, 11/15/2026
|
275
|
278
|
|
Series 2022, Rev., 5.00%, 11/15/2026
|
325
|
328
|
|
Series 2017, Rev., 5.00%, 11/15/2027 (b)
|
15
|
15
|
|
Series 2017, Rev., 5.00%, 11/15/2028
|
265
|
274
|
|
Series 2024, Rev., 5.00%, 11/15/2028
|
1,000
|
1,058
|
|
City of Austin, Airport System Series 2017A, Rev., 5.00%, 11/15/2028
|
50
|
51
|
|
City of Bedford Series 2018, GO, 5.00%, 2/1/2027
|
1,000
|
1,014
|
|
City of Corpus Christi Series 2025A, GO, 5.00%, 3/1/2030
|
1,280
|
1,374
|
|
City of Dallas Series 2024B, GO, 5.00%, 2/15/2027
|
4,000
|
4,068
|
|
City of Denton, Utility System
|
|
|
|
Series 2017, Rev., 5.00%, 12/1/2027
|
225
|
227
|
|
Series 2017, Rev., 5.00%, 12/1/2028
|
125
|
126
|
|
City of Fort Worth
|
|
|
|
Series 2025, GO, 5.00%, 3/1/2027
|
1,000
|
1,018
|
|
Series 2025, GO, 5.00%, 3/1/2029
|
3,000
|
3,187
|
|
City of Fort Worth Water and Sewer System Series 2020A, Rev., 5.00%, 2/15/2027
|
165
|
168
|
|
City of Garland Series 2018, GO, 5.00%, 2/15/2027
|
75
|
76
|
|
City of Georgetown, Combination Tax Series 2026, GO, 5.00%, 8/15/2031
|
1,730
|
1,914
|
|
City of Georgetown, Utilities System Series 2022, Rev., A.G., 5.00%, 8/15/2027
|
70
|
72
|
|
City of Houston
|
|
|
|
Series 2025, Rev., TRAN, 5.00%, 6/30/2026
|
11,700
|
11,722
|
|
Series 2017A, GO, 5.00%, 3/1/2028
|
265
|
270
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Texas — continued
|
||
|
Series 2023A, GO, 5.00%, 3/1/2029
|
40
|
42
|
|
Series 2025, GO, 5.00%, 3/1/2031
|
3,685
|
4,032
|
|
City of Houston Airport System, Subordinate Lien Series 2018D, Rev., 5.00%, 7/1/2027
|
65
|
67
|
|
City of Houston Airport System, United Airlines, Inc., Terminal Improvement Projects
|
|
|
|
Series 2025B, Rev., AMT, 5.25%, 7/15/2027
|
1,250
|
1,272
|
|
Series 2025B, Rev., AMT, 5.25%, 7/15/2028
|
1,000
|
1,031
|
|
City of Houston Combined Utility System, First Lien Series 2021A, Rev., 5.00%, 11/15/2027
|
25
|
26
|
|
City of Houston, Airport System, Subordinate Lien
|
|
|
|
Series 2020B, Rev., 5.00%, 7/1/2026
|
35
|
35
|
|
Series 2020B, Rev., 5.00%, 7/1/2027
|
25
|
26
|
|
Series 2023B, Rev., A.G., 5.00%, 7/1/2028
|
30
|
31
|
|
Series 2018B, Rev., 5.00%, 7/1/2030
|
85
|
89
|
|
City of Houston, Combined Utility System, First Lien
|
|
|
|
Series 2014D, Rev., 5.00%, 11/15/2026
|
20
|
20
|
|
Series 2024A, Rev., 5.00%, 11/15/2026
|
1,025
|
1,036
|
|
Series 2014D, Rev., 5.00%, 11/15/2027
|
20
|
20
|
|
Series 2015D, Rev., 5.00%, 11/15/2027
|
1,015
|
1,017
|
|
City of Houston, Public Improvement Series 2019A, GO, 5.00%, 3/1/2027
|
125
|
127
|
|
City of Lubbock Series 2026, GO, 5.00%, 2/15/2027
|
3,245
|
3,299
|
|
City of Lubbock, Electric Light and Power System
|
|
|
|
Series 2018, Rev., 5.00%, 4/15/2027
|
480
|
490
|
|
Series 2021, Rev., 5.00%, 4/15/2028
|
50
|
52
|
|
City of Plano Waterworks and Sewer System Series 2026, Rev., 5.00%, 5/1/2029 (e)
|
1,190
|
1,266
|
|
City of San Antonio Series 2024, GO, 5.00%, 2/1/2027
|
2,120
|
2,155
|
|
City of San Antonio Electric and Gas Systems
|
|
|
|
Series 2019, Rev., 4.00%, 2/1/2027
|
25
|
25
|
|
Series 2016, Rev., 5.00%, 2/1/2027
|
1,925
|
1,932
|
|
Series 2023C, Rev., 5.00%, 2/1/2027
|
25
|
25
|
|
Series 2025B, Rev., 5.00%, 2/1/2027
|
2,175
|
2,210
|
|
Series 2016, Rev., 5.00%, 2/1/2030
|
1,355
|
1,360
|
|
City of San Antonio, Combination Tax Series 2024, GO, 5.00%, 2/1/2029
|
1,125
|
1,194
|
|
City of San Antonio, Electric and Gas Systems Series 2018, Rev., 5.00%, 2/1/2027
|
505
|
513
|
|
City of San Antonio, General Improvement Series 2019, GO, 5.00%, 8/1/2027
|
145
|
149
|
|
Comal Independent School District, Unlimited Tax Series 2025, GO, PSF-GTD, 5.00%,
2/1/2027
|
2,000
|
2,032
|
|
County of Bastrop, Combination Tax Series 2024, GO, 5.00%, 8/1/2029
|
985
|
1,054
|
|
County of Bexar, Limited Tax
|
|
|
|
Series 2017, GO, 5.00%, 6/15/2026 (b)
|
1,050
|
1,051
|
|
Series 2017, GO, 5.00%, 6/15/2027
|
2,000
|
2,003
|
|
County of Collin Series 2025, GO, 5.00%, 2/15/2027
|
155
|
158
|
|
County of Dallas Series 2022, GO, 5.00%, 8/15/2026
|
35
|
35
|
|
County of Denton Series 2026, GO, 5.00%, 7/15/2030 (e)
|
1,645
|
1,787
|
|
County of Fort Bend, Unlimited Tax
|
|
|
|
Series A, GO, 5.00%, 3/1/2027
|
90
|
90
|
|
Series A, GO, 5.00%, 3/1/2028
|
95
|
95
|
|
County of Harris Toll Road Series 2023A, Rev., 5.00%, 8/15/2029
|
865
|
927
|
|
County of Harris Toll Road, First Lien Series 2022A, Rev., 5.00%, 8/15/2026
|
270
|
271
|
|
County of Harris, First Lien Series 2022A, Rev., 5.00%, 8/15/2027
|
120
|
123
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Texas — continued
|
||
|
County of Harris, Senior Lien Series 2016A, Rev., 5.00%, 8/15/2026
|
30
|
30
|
|
County of Harris, Toll Road, Senior Lien
|
|
|
|
Series 2016A, Rev., 5.00%, 8/15/2028
|
80
|
80
|
|
Series 2016A, Rev., 5.00%, 8/15/2029
|
1,145
|
1,149
|
|
County of Hays Series 2017, GO, 5.00%, 2/15/2028
|
25
|
25
|
|
County of Montgomery Series 2025A, GO, 5.00%, 3/1/2028
|
3,600
|
3,746
|
|
County of Travis Series 2026, GO, 5.00%, 3/1/2028
|
2,000
|
2,080
|
|
Cypress-Fairbanks Independent School District Series 2019A, GO, PSF-GTD, 5.00%, 2/15/2028
|
40
|
42
|
|
Cypress-Fairbanks Independent School District, Unlimited Tax Series 2025, GO, PSF-GTD,
5.00%, 2/15/2028
|
3,350
|
3,483
|
|
Dallas Area Rapid Transit, Sales Tax, Senior Lien Series 2019, Rev., 5.00%, 12/1/2026
|
105
|
106
|
|
Dallas County Utility and Reclamation District, Unlimited Tax Series 2016, GO, 5.00%,
2/15/2028
|
300
|
311
|
|
Dallas Fort Worth International Airport
|
|
|
|
Series 2021B, Rev., 5.00%, 11/1/2026
|
35
|
35
|
|
Series 2020A, Rev., 5.00%, 11/1/2027
|
65
|
67
|
|
Series 2020B, Rev., 5.00%, 11/1/2027
|
25
|
26
|
|
Series 2023B, Rev., 5.00%, 11/1/2027
|
1,000
|
1,034
|
|
Series 2023B, Rev., 5.00%, 11/1/2028
|
1,250
|
1,319
|
|
Series 2025A-1, Rev., AMT, 5.00%, 11/1/2029
|
3,000
|
3,192
|
|
Florence Independent School District, Unlimited Tax
|
|
|
|
Series 2019, GO, PSF-GTD, 3.00%, 8/15/2026
|
230
|
230
|
|
Series 2019, GO, PSF-GTD, 3.00%, 8/15/2027
|
115
|
115
|
|
Frisco Independent School District, Unlimited Tax Series 2017, GO, PSF-GTD, 4.00%,
8/15/2028
|
3,495
|
3,526
|
|
Harris County Cultural Education Facilities Finance Corp., Memorial Hermann Health
System
|
|
|
|
Series 2020C-3, Rev., 5.00%, 12/1/2026 (d)
|
2,345
|
2,372
|
|
Series 2019A, Rev., 5.00%, 12/1/2027
|
20
|
21
|
|
Series 2024C, Rev., 5.00%, 7/1/2029 (d)
|
5,250
|
5,539
|
|
Harris County Cultural Education Facilities Finance Corp., Teco Project Series 2017,
Rev., 5.00%, 11/15/2026
|
25
|
25
|
|
Harris County Flood Control District Series 2017A, Rev., 5.00%, 10/1/2027
|
1,000
|
1,032
|
|
Highland Park Independent School District Series 2024, GO, 5.00%, 2/15/2027
|
265
|
270
|
|
Houston Independent School District, Limited Tax
|
|
|
|
Series 2025B, GO, PSF-GTD, 5.00%, 2/15/2027
|
4,250
|
4,325
|
|
Series 2026, GO, PSF-GTD, 5.00%, 2/15/2027
|
2,500
|
2,544
|
|
Series 2026, GO, PSF-GTD, 5.00%, 2/15/2028
|
2,250
|
2,344
|
|
Irving Independent School District, Unlimited Tax
|
|
|
|
Series 2025, GO, PSF-GTD, 5.00%, 2/15/2027
|
2,850
|
2,897
|
|
Series 2025, GO, PSF-GTD, 5.00%, 2/15/2029
|
2,000
|
2,124
|
|
Keller Independent School District, Unlimited Tax
|
|
|
|
Series 2014A, GO, PSF-GTD, 5.00%, 8/15/2026
|
25
|
25
|
|
Series 2015, GO, PSF-GTD, 5.00%, 8/15/2026
|
1,000
|
1,002
|
|
Lake Travis Independent School District Series 2019, GO, PSF-GTD, 5.00%, 2/15/2028
|
2,000
|
2,083
|
|
Lewisville Independent School District, Unlimited Tax
|
|
|
|
Series 2023, GO, PSF-GTD, 5.00%, 8/15/2026
|
825
|
829
|
|
Series 2025, GO, PSF-GTD, 5.00%, 8/15/2027
|
2,000
|
2,059
|
|
Series 2025, GO, PSF-GTD, 5.00%, 8/15/2028
|
2,250
|
2,366
|
|
Series 2025, GO, PSF-GTD, 5.00%, 8/15/2029
|
1,750
|
1,875
|
|
Lower Colorado River Authority, LCRA Transmission Services Corp., Project
|
|
|
|
Series 2019, Rev., 5.00%, 5/15/2027
|
245
|
250
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Texas — continued
|
||
|
Series 2021, Rev., 5.00%, 5/15/2027
|
75
|
77
|
|
Series 2022, Rev., 5.00%, 5/15/2027
|
85
|
87
|
|
Series 2023, Rev., A.G., 5.00%, 5/15/2027
|
20
|
20
|
|
Series 2023A, Rev., A.G., 5.00%, 5/15/2027
|
60
|
61
|
|
Series 2019, Rev., 5.00%, 5/15/2028
|
80
|
83
|
|
Series 2022, Rev., 5.00%, 5/15/2028
|
275
|
287
|
|
Series 2023, Rev., A.G., 5.00%, 5/15/2028
|
20
|
21
|
|
Lytle Independent School District, Unlimited Tax Series 2019, GO, PSF-GTD, 4.00%,
2/15/2028
|
255
|
260
|
|
Metropolitan Transit Authority of Harris County Sales and Use Tax
|
|
|
|
Series 2026, Rev., 5.00%, 11/1/2028
|
3,000
|
3,168
|
|
Series 2018, Rev., 5.00%, 11/1/2029
|
1,000
|
1,055
|
|
Midlothian Independent School District, Unlimited Tax Series 2020, GO, PSF-GTD, 5.00%,
2/15/2027
|
1,950
|
1,982
|
|
Mission Economic Development Corp., Republic Services, Inc., Project Series 2020A,
Rev., AMT, VRDO, 2.95%, 8/3/2026 (d)
|
2,500
|
2,500
|
|
Mission Economic Development Corp., Waste Management, Inc., Project Series 2020A,
Rev., AMT, VRDO, 2.88%,
9/1/2026 (d)
|
3,000
|
3,000
|
|
New Hope Cultural Education Facilities Finance Corp., Children's Health System of
Texas Project Series 2017A, Rev., 5.00%,
8/15/2029
|
1,750
|
1,793
|
|
North Harris County Regional Water Authority, Senior Lien
|
|
|
|
Series 2016, Rev., 5.00%, 12/15/2027
|
75
|
76
|
|
Series 2016, Rev., 5.00%, 12/15/2028
|
530
|
536
|
|
Series 2016, Rev., 5.00%, 12/15/2029
|
190
|
192
|
|
North Texas Tollway Authority, Second Tier
|
|
|
|
Series 2019B, Rev., 5.00%, 1/1/2027
|
75
|
76
|
|
Series 2019B, Rev., 5.00%, 1/1/2029
|
215
|
227
|
|
Permanent University Fund - Texas A&M University System Series 2017A, Rev., 5.00%,
7/1/2027
|
80
|
82
|
|
Plano Independent School District, Unlimited Tax
|
|
|
|
Series 2025, GO, PSF-GTD, 5.00%, 2/15/2027
|
3,500
|
3,558
|
|
Series 2025, GO, PSF-GTD, 5.00%, 2/15/2029
|
1,800
|
1,916
|
|
San Antonio Public Facilities Corp., Convention Center Facility Project Series 2022,
Rev., 5.00%, 9/15/2028
|
20
|
21
|
|
San Jacinto Community College District, Limited Tax
|
|
|
|
Series 2026, GO, 5.00%, 2/15/2029
|
1,900
|
2,015
|
|
Series 2026, GO, 5.00%, 2/15/2030
|
1,800
|
1,943
|
|
Southwest Higher Education Authority, Inc., Southern Methodist University Project
Series 2016A, Rev., 5.00%, 10/1/2026
|
325
|
327
|
|
Spring Branch Independent School District Series 2025, GO, PSF-GTD, 5.00%, 2/1/2027
|
50
|
51
|
|
Spring Independent School District, Unlimited Tax Series 2024B, GO, 5.00%, 8/15/2029
|
500
|
534
|
|
State of Texas Series 2025, GO, 5.00%, 10/1/2026
|
750
|
756
|
|
State of Texas, College Student Loan Series 2013B, GO, AMT, 4.13%, 8/1/2030
|
1,500
|
1,501
|
|
State of Texas, Public Finance Authority Series 2017A, GO, 5.00%, 10/1/2027
|
1,500
|
1,549
|
|
State of Texas, Transportation Commission Mobility Fund
|
|
|
|
Series 2024, GO, 5.00%, 10/1/2027
|
2,585
|
2,669
|
|
Series 2024, GO, 5.00%, 10/1/2028
|
4,000
|
4,216
|
|
Series 2024, GO, 5.00%, 10/1/2030
|
1,200
|
1,306
|
|
State of Texas, Veterans Series 2011A, GO, VRDO, LIQ : State Street Bank & Trust Co.,
1.70%, 6/10/2026 (d)
|
8,765
|
8,765
|
|
State of Texas, Veterans Housing Assistance Program Series 2008B, GO, VRDO, LIQ :
State Street Bank & Trust Co., 1.70%,
6/10/2026 (d)
|
4,045
|
4,045
|
|
State of Texas, Water Financial Assistance
|
|
|
|
Series 2018, Subseries B-1, GO, 5.00%, 8/1/2026 (b)
|
50
|
50
|
|
Series 2021B, GO, 4.00%, 8/1/2029
|
410
|
410
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Texas — continued
|
||
|
Tarrant County College District Series 2020, GO, 5.00%, 8/15/2026
|
255
|
256
|
|
Tarrant County Cultural Education Facilities Finance Corp., Baylor Scott & White Health
Project
|
|
|
|
Series 2026F, Rev., 5.00%, 5/1/2030 (d)
|
3,055
|
3,286
|
|
Series 2022F, Rev., 5.00%, 11/15/2030 (d)
|
1,100
|
1,182
|
|
Tarrant County Cultural Education Facilities Finance Corp., Health Resources System
Series 2025B, Rev., 5.00%,
11/15/2029 (d)
|
9,835
|
10,484
|
|
Tarrant County Cultural Education Facilities Finance Corp., Methodist Hospitals of
Dallas Project Series 2008-A, Rev., VRDO,
LOC : TD Bank NA, 2.75%, 6/1/2026 (d)
|
15,000
|
15,000
|
|
Tarrant Regional Water District Water Supply System
|
|
|
|
Series 2015, Rev., 5.00%, 6/16/2026
|
25
|
25
|
|
Series 2026, Rev., 5.00%, 3/1/2028
|
5,000
|
5,205
|
|
Series 2026, Rev., 5.00%, 3/1/2030
|
2,500
|
2,706
|
|
Texas Department of Transportation State Highway Fund Series 2016-A, Rev., 5.00%,
10/1/2026
|
130
|
131
|
|
Texas Department of Transportation State Highway Fund, First Tier Series 2015, Rev.,
5.00%, 10/1/2026
|
130
|
131
|
|
Texas Home Collaborative, 1518 Apartments Series 2023, Rev., 5.00%, 10/1/2026 (d)
|
3,325
|
3,329
|
|
Texas Municipal Gas Acquisition and Supply Corp. IV, Gas Supply Series 2023A, Rev.,
5.50%, 1/1/2030 (d)
|
12,260
|
12,952
|
|
Texas Public Finance Authority Series 2019, Rev., 5.00%, 2/1/2027
|
25
|
25
|
|
Texas State Technical College Series 2022A, Rev., A.G., 5.00%, 8/1/2028
|
385
|
404
|
|
Texas State University System
|
|
|
|
Series 2026A, Rev., 5.00%, 3/15/2027
|
1,200
|
1,221
|
|
Series 2026A, Rev., 5.00%, 3/15/2028
|
2,000
|
2,080
|
|
Texas Transportation Commission Series 2026, GO, 5.00%, 4/1/2028
|
1,800
|
1,880
|
|
Texas Water Development Board, State Revolving Fund Series 2020, Rev., 5.00%, 8/1/2026
|
140
|
141
|
|
Tomball Independent School District, Unlimited Tax Series 2018, GO, PSF-GTD, 5.00%,
2/15/2028 (b)
|
600
|
624
|
|
Trinity River Authority, Central Regional Wastewater System
|
|
|
|
Series 2016, Rev., 5.00%, 8/1/2026
|
205
|
206
|
|
Series 2019, Rev., 5.00%, 8/1/2026
|
100
|
100
|
|
Series 2017, Rev., 5.00%, 8/1/2029
|
25
|
26
|
|
University of Houston Series 2016A, Rev., 4.00%, 2/15/2027
|
25
|
25
|
|
University of North Texas System Series 2017A, Rev., 5.00%, 4/15/2028
|
200
|
204
|
|
Total Texas
|
|
233,974
|
|
Utah — 0.1%
|
||
|
City of Salt Lake City Series 2021A, Rev., AMT, 5.00%, 7/1/2031
|
1,710
|
1,856
|
|
Provo City School District Municipal Building Authority Series 2022, Rev., 5.00%,
3/15/2027
|
195
|
199
|
|
University of Utah (The) Series 2017A, Rev., 5.00%, 8/1/2026
|
75
|
75
|
|
Total Utah
|
|
2,130
|
|
Virginia — 2.7%
|
||
|
City of Portsmouth Series 2017A, GO, 5.00%, 7/15/2026
|
70
|
70
|
|
City of Richmond Series 2017D, GO, 5.00%, 3/1/2027
|
30
|
31
|
|
City of Richmond Public Utility Series 2026B, Rev., 5.00%, 1/15/2028 (e)
|
6,000
|
6,226
|
|
Fairfax County Economic Development Authority, Route 28 Project Series 2022A, Rev.,
5.00%, 4/1/2027
|
4,220
|
4,305
|
|
Fairfax County Industrial Development Authority, Virginia Health Care, Inova Health
System Project Series 2018C, Rev., VRDO,
1.61%, 6/10/2026 (d)
|
22,000
|
22,000
|
|
Hampton Roads Sanitation District Series 2016A, Rev., 5.00%, 8/1/2026 (b)
|
50
|
50
|
|
Hampton Roads Transportation Accountability Commission, Transportation Fund, Senior
Lien Series 2021A, Rev., BAN, 5.00%,
7/1/2026 (b)
|
9,000
|
9,016
|
|
Louisa Industrial Development Authority, Electric and Power Co. Project Series 2008A,
Rev., 3.13%, 10/1/2030 (d)
|
1,000
|
997
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Virginia — continued
|
||
|
Lynchburg Economic Development Authority, Centra Health Obligated Group Series 2017B,
Rev., VRDO, LOC : Truist Bank,
2.85%, 6/1/2026 (d)
|
15,000
|
15,000
|
|
Virginia College Building Authority Series 2023A, Rev., 5.00%, 2/1/2028
|
50
|
52
|
|
Virginia College Building Authority Educational Facilities, 21St Century College and
Equipment Programs
|
|
|
|
Series 2020A, Rev., 5.00%, 2/1/2027
|
150
|
152
|
|
Series 2017A, Rev., 5.00%, 9/1/2027
|
50
|
52
|
|
Virginia Commonwealth Transportation Board Series 2017, Rev., GAN, 5.00%, 3/15/2027
|
90
|
92
|
|
Virginia Commonwealth Transportation Board, Federal Transportation
|
|
|
|
Series 2017, Rev., GAN, 5.00%, 9/15/2026
|
20
|
20
|
|
Series 2017, Rev., GAN, 5.00%, 9/15/2028
|
750
|
773
|
|
Virginia Port Authority Series 2016B, Rev., AMT, 5.00%, 7/1/2026 (b)
|
4,700
|
4,707
|
|
Virginia Public Building Authority
|
|
|
|
Series 2017A, Rev., 4.00%, 8/1/2027
|
830
|
845
|
|
Series 2020B, Rev., 5.00%, 8/1/2027
|
25
|
26
|
|
Winchester Economic Development Authority, Valley Health System Obligated Group Series
2024B-2, Rev., VRDO, LOC : Truist
Bank, 2.90%, 6/1/2026 (d)
|
5,000
|
5,000
|
|
Wise County Industrial Development Authority, Virginia Electric and Power Series 2010A,
Rev., 3.80%, 5/28/2027 (d)
|
1,300
|
1,310
|
|
Total Virginia
|
|
70,724
|
|
Washington — 1.9%
|
||
|
Clark County Public Utility District No. 1 Electric Series 2024, Rev., 5.00%, 1/1/2027
|
1,600
|
1,622
|
|
County of King Sewer Series 2025A, Rev., 5.00%, 7/1/2027
|
1,600
|
1,643
|
|
County of King, Limited Tax Series 2025B, GO, 5.00%, 6/1/2028
|
3,075
|
3,223
|
|
Energy Northwest, Columbia Generating Station
|
|
|
|
Series 2026A, Rev., 5.00%, 7/1/2028
|
2,280
|
2,395
|
|
Series 2025A, Rev., 5.00%, 7/1/2029
|
2,400
|
2,572
|
|
Energy Northwest, Project 1
|
|
|
|
Series 2024B, Rev., 5.00%, 7/1/2026 (b)
|
2,420
|
2,425
|
|
Series 2017A, Rev., 5.00%, 7/1/2027
|
275
|
282
|
|
Series 2020A, Rev., 5.00%, 7/1/2027
|
85
|
87
|
|
Series 2024B, Rev., 5.00%, 7/1/2027
|
1,000
|
1,025
|
|
Series 2025A, Rev., 5.00%, 7/1/2027
|
1,810
|
1,855
|
|
Series 2025A, Rev., 5.00%, 7/1/2028
|
2,500
|
2,626
|
|
Energy Northwest, Project 3 Electric
|
|
|
|
Series 2016-A, Rev., 5.00%, 7/1/2026
|
1,300
|
1,303
|
|
Series 2026A, Rev., 5.00%, 7/1/2027
|
7,500
|
7,687
|
|
Series 2024B, Rev., 5.00%, 7/1/2028
|
130
|
137
|
|
FYI Properties, State of Washington District Project Series 2019, Rev., 5.00%, 6/1/2027
|
45
|
46
|
|
Port of Seattle, Intermediate Lien
|
|
|
|
Series 2022A, Rev., 5.00%, 8/1/2026
|
60
|
60
|
|
Series 2016, Rev., 5.00%, 2/1/2027
|
465
|
467
|
|
Series C, Rev., AMT, 5.00%, 4/1/2027
|
1,400
|
1,402
|
|
Series A, Rev., 5.00%, 5/1/2027
|
45
|
46
|
|
Series 2022A, Rev., 5.00%, 8/1/2027
|
250
|
257
|
|
Series 2016, Rev., 5.00%, 2/1/2028
|
165
|
165
|
|
Series 2022A, Rev., 5.00%, 8/1/2028
|
145
|
152
|
|
Series 2016, Rev., 5.00%, 2/1/2029
|
155
|
155
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Washington — continued
|
||
|
State of Washington
|
|
|
|
Series R-2022B, GO, 5.00%, 2/1/2029
|
2,745
|
2,916
|
|
Series 2024A, GO, 5.00%, 8/1/2029
|
1,000
|
1,073
|
|
State of Washington Motor Vehicle Fuel Tax
|
|
|
|
Series R-2021A, GO, 5.00%, 6/1/2027
|
125
|
128
|
|
Series R-2026B, GO, 5.00%, 7/1/2027
|
4,000
|
4,104
|
|
Series R-2026D, GO, 5.00%, 8/1/2027
|
3,805
|
3,912
|
|
State of Washington, Various Purpose
|
|
|
|
Series R-2017A, GO, 5.00%, 8/1/2026
|
180
|
180
|
|
Series R-2018C, GO, 5.00%, 8/1/2026
|
50
|
50
|
|
Series 2020C, GO, 5.00%, 2/1/2027
|
55
|
56
|
|
Series 2021C, GO, 5.00%, 2/1/2027
|
30
|
31
|
|
Series 2024C, GO, 5.00%, 2/1/2027
|
1,320
|
1,341
|
|
Series 2018A, GO, 5.00%, 8/1/2027
|
40
|
41
|
|
Series 2020A, GO, 5.00%, 8/1/2027
|
85
|
87
|
|
Series R-2018 D, GO, 5.00%, 8/1/2027
|
135
|
139
|
|
Washington Health Care Facilities Authority, Commonspirit Health Series 2019B-3, Rev.,
5.00%, 8/1/2026 (d)
|
1,000
|
1,001
|
|
Washington Health Care Facilities Authority, Yakima Valley Memorial Hospital Association
Series 2016, Rev., 5.00%,
12/1/2026 (b)
|
1,705
|
1,723
|
|
Total Washington
|
|
48,414
|
|
West Virginia — 0.4%
|
||
|
West Virginia Commissioner of Highways
|
|
|
|
Series 2017A, Rev., 5.00%, 9/1/2027
|
120
|
123
|
|
Series 2017A, Rev., 5.00%, 9/1/2028
|
375
|
386
|
|
Series 2017A, Rev., 5.00%, 9/1/2029
|
30
|
31
|
|
West Virginia Economic Development Authority, Solid Waste Disposal Facilities, Nucor
Steel Project Series 2025B-1, Rev., AMT,
VRDO, 1.90%, 6/10/2026 (d)
|
9,100
|
9,100
|
|
West Virginia Parkways Authority, Senior Lien Series 2021, Rev., 5.00%, 6/1/2026
|
20
|
20
|
|
Total West Virginia
|
|
9,660
|
|
Wisconsin — 2.6%
|
||
|
County of Dane Series 2023A, GO, 5.00%, 6/1/2027
|
405
|
415
|
|
PMA Levy and Aid Anticipation Notes Program Series 2025B, Rev., 5.00%, 9/24/2026
|
3,000
|
3,018
|
|
Public Finance Authority Series 2021C, Rev., 4.00%, 10/1/2030 (b) (d)
|
1,970
|
2,065
|
|
Public Finance Authority, Duke Energy Progress Project Series 2022B, Rev., AMT, 4.00%,
10/1/2030 (d)
|
1,000
|
1,016
|
|
Public Finance Authority, North Carolina Charter Educational Fund Series 2016A, Rev.,
5.00%, 6/15/2026 (b) (f)
|
415
|
415
|
|
Public Finance Authority, Waste Management, Inc. Project Series 2017A-3, Rev., AMT,
VRDO, 2.95%, 8/3/2026 (d)
|
1,000
|
1,000
|
|
State of Wisconsin
|
|
|
|
Series 2017-2, GO, 5.00%, 11/1/2026
|
1,505
|
1,520
|
|
Series 2019A, Rev., 5.00%, 5/1/2027 (b)
|
35
|
36
|
|
Series 2021-2, GO, 5.00%, 5/1/2027
|
1,665
|
1,702
|
|
Series 2025-2, GO, 5.00%, 5/1/2027
|
2,000
|
2,045
|
|
Series 2025-2, GO, 5.00%, 5/1/2029
|
1,000
|
1,069
|
|
Series 2025A, GO, 5.00%, 5/1/2030
|
1,000
|
1,090
|
|
Stevens Point Area Public School District Series 2019, GO, 3.50%, 4/1/2027 (b)
|
1,000
|
1,007
|
|
Wisconsin Department of Transportation
|
|
|
|
Series 2017-1, Rev., 5.00%, 7/1/2026
|
45
|
45
|
|
INVESTMENTS
|
PRINCIPAL
AMOUNT
($000)
|
VALUE
($000)
|
|
Municipal Bonds — continued
|
||
|
Wisconsin — continued
|
||
|
Series 2017-2, Rev., 5.00%, 7/1/2026
|
100
|
100
|
|
Series 2021A, Rev., 5.00%, 7/1/2026
|
20
|
20
|
|
Series 2025-1, Rev., 5.00%, 7/1/2029
|
2,000
|
2,145
|
|
Series 2025 1, Rev., 5.00%, 7/1/2030
|
1,000
|
1,093
|
|
Wisconsin Health and Educational Facilities Authority, Advocate Aurora Health Credit
Group Series 2018C-4, Rev., 5.00%,
6/22/2029 (d)
|
2,700
|
2,855
|
|
Wisconsin Health and Educational Facilities Authority, Ascension Health Credit Group
Series 2016A, Rev., 5.00%, 11/15/2027
|
515
|
515
|
|
Wisconsin Health and Educational Facilities Authority, Ascension Senior Credit Group
|
|
|
|
Series 2016A, Rev., 5.00%, 11/15/2026
|
410
|
410
|
|
Series 2016A, Rev., 5.00%, 11/15/2028
|
595
|
597
|
|
Wisconsin Health and Educational Facilities Authority, Froedtert Health, Inc., Obligated
Group Series 2021B, Rev., VRDO, LIQ :
US Bank NA, 2.90%, 6/1/2026 (d)
|
20,000
|
20,000
|
|
Wisconsin Health and Educational Facilities Authority, Froedtert Thedacare Health
Series 2025D, Rev., VRDO, 1.55%,
6/10/2026 (d)
|
20,000
|
20,000
|
|
Wisconsin Health and Educational Facilities Authority, Marshfield Clinic Health, Inc.
Series B-2, Rev., 5.00%, 8/15/2026 (b)
(d)
|
2,800
|
2,813
|
|
Total Wisconsin
|
|
66,991
|
|
Total Municipal Bonds
(Cost $2,377,731)
|
|
2,380,395
|
|
|
SHARES
(000)
|
|
|
Short-Term Investments — 13.0%
|
||
|
Investment Companies — 13.0%
|
||
|
JPMorgan Institutional Tax Free Money Market Fund Class IM Shares, 1.90% (g) (h)
(Cost $340,157)
|
340,130
|
340,164
|
|
Total Investments — 104.4%
(Cost $2,717,888)
|
|
2,720,559
|
|
Liabilities in Excess of Other Assets — (4.4)%
|
|
(115,758
)
|
|
NET ASSETS — 100.0%
|
|
2,604,801
|
|
Percentages indicated are based on net assets.
|
|
Abbreviations
|
|
|
A.G.
|
Insured by Assured Guaranty Inc.
|
|
AMBAC
|
Insured by American Municipal Bond Assurance Corp.
|
|
AMT
|
Alternative Minimum Tax
|
|
BAN
|
Bond Anticipation Note
|
|
BHAC
|
Insured by Berkshire Hathaway Assurance Corp.
|
|
COP
|
Certificate of Participation
|
|
CR
|
Custodial Receipts
|
|
FHLMC
|
Federal Home Loan Mortgage Corp.
|
|
FNMA
|
Federal National Mortgage Association
|
|
GAN
|
Grant Anticipation Notes
|
|
GNMA
|
Government National Mortgage Association
|
|
GO
|
General Obligation
|
|
GTD
|
Guaranteed
|
|
LIQ
|
Liquidity Agreement
|
|
LOC
|
Letter of Credit
|
|
NATL
|
Insured by National Public Finance Guarantee Corp.
|
|
PSF-GTD
|
Permanent School Fund Guaranteed
|
|
RAN
|
Revenue Anticipation Note
|
|
RE
|
Reinsured
|
|
Rev.
|
Revenue
|
|
SCSDE
|
South Carolina School District Enhancement
|
|
SIFMA
|
The Securities Industry and Financial Markets Association
|
|
SOFR
|
Secured Overnight Financing Rate
|
|
TRAN
|
Tax & Revenue Anticipation Note
|
|
VRDO
|
Variable Rate Demand Obligation
|
|
^
|
Amount rounds to less than 0.1% of net assets.
|
|
|
(a)
|
The date shown represents the earliest of the prerefunded date, next put date or final
maturity date.
|
|
|
(b)
|
Security is prerefunded or escrowed to maturity.
|
|
|
(c)
|
Variable or floating rate security, linked to the referenced benchmark. The interest
rate shown is the current rate as of May 31, 2026.
|
|
|
(d)
|
Variable or floating rate security, the interest rate of which adjusts periodically
based on changes in current interest rates and prepayments
on the underlying pool of assets. The interest rate shown is the current rate as of
May 31, 2026.
|
|
|
(e)
|
All or a portion of the security is a when-issued security, delayed delivery security,
or forward commitment.
|
|
|
(f)
|
Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities
Act of 1933, as amended.
|
|
|
(g)
|
Investment in an affiliated fund, which is registered under the Investment Company
Act of 1940, as amended, and is advised by J.P. Morgan
Investment Management Inc.
|
|
|
(h)
|
The rate shown is the current yield as of May 31, 2026.
|
|
|
|
|
|
|
|
|
|
Level 1
Quoted prices
|
Level 2
Other significant
observable inputs
|
Level 3
Significant
unobservable inputs
|
Total
|
|
Investments in Securities
|
|
|
|
|
|
Municipal Bonds
|
$—
|
$2,380,395
|
$—
|
$2,380,395
|
|
Short-Term Investments
|
|
|
|
|
|
Investment Companies
|
340,164
|
—
|
—
|
340,164
|
|
Total Investments in Securities
|
$340,164
|
$2,380,395
|
$—
|
$2,720,559
|
|
|
|||||||||
|
For the period ended May 31, 2026
|
|||||||||
|
Security Description
|
Value at
February 28,
2026
|
Purchases at
Cost
|
Proceeds from
Sales
|
Net Realized
Gain (Loss)
|
Change in
Unrealized
Appreciation/
(Depreciation)
|
Value at
May 31,
2026
|
Shares at
May 31,
2026
|
Dividend
Income
|
Capital Gain
Distributions
|
|
JPMorgan Institutional Tax Free Money Market
Fund Class IM Shares, 1.90% (a) (b)
|
$379,892
|
$385,411
|
$425,139
|
$—
|
$—
|
$340,164
|
340,130
|
$2,244
|
$—
|
|
|
|
|
(a)
|
Investment in an affiliated fund, which is registered under the Investment Company
Act of 1940, as amended, and is advised by J.P. Morgan
Investment Management Inc.
|
|
(b)
|
The rate shown is the current yield as of May 31, 2026.
|