1
Portfolio of Investments June 30, 2026
NIM
(Unaudited)
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LONG-TERM INVESTMENTS - 97.9%
779184
MORTGAGE-BACKED SECURITIES - 0.6%
779184
COMMERCIAL MBS - 0.6%
$
99,824
(a)
Freddie Mac Multifamily, Series 2025 ML32
4.837
%
03/25/42
$
104,515
64,718
Freddie Mac Multifamily ML Certificates, Series 2021 21-ML08
1.877
07/25/37
52,432
245,688
Freddie Mac Multifamily ML Certificates, Series 2024 ML22
4.548
10/25/40
256,291
103,059
Freddie Mac Multifamily ML Certificates, Series 2021 ML10
2.032
01/25/38
88,115
191,389
Freddie Mac Multifamily Variable Rate Certificate, Series 2022
M068
3.150
10/15/36
173,360
99,206
(a)
FRETE 2025-ML30 Trust, Series 2025 ML30
4.783
07/25/42
104,471
TOTAL COMMERCIAL MBS
779,184
TOTAL MORTGAGE-BACKED SECURITIES
(Cost $821,892)
779,184
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
120633022
MUNICIPAL BONDS - 97.3%
120633022
ALABAMA - 2.0%
115,000
Alabama Housing Finance Authority, Collateralized Single
Family Mortgage Revenue Bonds, Series 2024B
4.250
10/01/39
116,318
100,000
Alabama Housing Finance Authority, Collateralized Single
Family Mortgage Revenue Bonds, Series 2024C
4.450
10/01/44
100,569
135,000
Alabama Housing Finance Authority, Collateralized Single
Family Mortgage Revenue Bonds, Series 2024D
4.300
10/01/44
136,088
240,000
Alabama Public School and College Authority, Capital
Improvement Pool Revenue Bonds, Refunding Series 2020A
5.000
11/01/27
248,255
80,000
Birmingham-Jefferson Civic Center Authority, Alabama, Special
Tax Bonds, Series 2018A
4.000
07/01/37
80,362
200,000
(a)
Black Belt Energy Gas District, Alabama, Gas Project Revenue
Bonds, Series 2023C, (Mandatory Put 6/01/32)
5.500
10/01/54
215,874
120,000
(a)
Black Belt Energy Gas District, Alabama, Gas Project Revenue
Bonds, Series 2024A, (Mandatory Put 9/01/32)
5.250
05/01/55
124,249
185,000
(a)
Black Belt Energy Gas District, Alabama, Gas Project Revenue
Bonds, Series 2025A, (Mandatory Put 5/01/32)
5.250
05/01/56
188,916
345,000
(a)
Black Belt Energy Gas District, Alabama, Gas Supply Revenue
Bonds, Series 2021A, (Mandatory Put 12/01/31)
4.000
06/01/51
352,735
150,000
Energy Southeast Cooperative District, Alabama, Energy
Supply Revenue Bonds, Series 2025B
5.000
09/01/33
153,773
45,000
Energy Southeast Cooperative District, Alabama, Energy
Supply Revenue Bonds, Series 2026B
5.000
11/01/33
47,985
125,000
Lower Alabama Gas District Gas Project Revenue Refunding
Bonds, Equitable Financial Life Insurance Company of America,
Series 2025A
5.000
12/01/33
131,133
125,000
(a)
Mobile Industrial Development Board, Alabama, Pollution
Control Revenue Refunding Bonds, Alabama Power Company
Barry Plan, Series 2007A, (Mandatory Put 6/26/29)
3.375
06/01/34
126,506
100,000
Southeast Energy Authority, Alabama, Energy Supply Revenue
Bonds, Cooperative District Series 2025E
5.000
10/01/30
106,859
170,000
(a)
Southeast Energy Authority, Alabama, Revenue Bonds
Cooperative District Energy Supply Series 2024C, (Mandatory
Put 11/01/32)
5.000
10/01/55
180,562
50,000
Southeast Energy Authority, Alabama, Revenue Bonds, A
Cooperative District Energy Supply Series 2025D
5.000
09/01/35
54,460
137,876
(b)
Tuscaloosa County Industrial Development Authority,
Alabama, Gulf Opportunity Zone Bonds, Hunt Refining Project,
Refunding Series 2019A
5.250
05/01/44
140,335
TOTAL ALABAMA
2,504,979
Portfolio of Investments June 30, 2026
(continued)
NIM
2
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ALASKA - 0.5%
$
420,000
Alaska Housing Finance Corporation, Mortgage Revenue
Bonds, General Series 2020A-II
2.000
%
12/01/35
$
362,704
100,000
Alaska Housing Finance Corporation, Mortgage Revenue
Bonds, General Series 2022A-II
2.350
12/01/39
85,367
160,000
Alaska Housing Finance Corporation, Mortgage Revenue
Bonds, Series 2022B-1
2.150
06/01/36
136,579
30,000
Alaska Housing Finance Corporation, Mortgage Revenue
Bonds, Series 2025A-II
6.000
12/01/56
33,185
100,000
(c)
Northern Tobacco Securitization Corporation, Alaska, Tobacco
Settlement Asset-Backed Bonds, Series 2021B-2 Class 2
0.000
06/01/66
11,645
TOTAL ALASKA
629,480
ARIZONA - 1.6%
165,000
(d)
Arizona State, Certificates of Participation, Refunding Series
2019A, (ETM)
5.000
10/01/27
170,306
100,000
(a)
Chandler Industrial Development Authority, Arizona, Industrial
Development Revenue Bonds, Intel Corporation Project, Series
2019, (AMT), (Mandatory Put 6/01/29)
4.000
06/01/49
101,601
250,000
(a)
Chandler Industrial Development Authority, Arizona, Industrial
Development Revenue Bonds, Intel Corporation Project, Series
2022-2, (AMT), (Mandatory Put 9/01/27)
5.000
09/01/52
252,984
200,000
Chandler, Arizona, General Obligation Bonds, Series 2026
5.000
07/01/35
233,914
140,000
Maricopa County and Phoenix City Industrial Development
Authority, Arizona, Single Family Mortgage Revenue Bonds,
Series 2024C
4.625
09/01/44
141,922
235,000
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue
Bonds, Citigroup Energy Inc Prepay Contract Obligations,
Series 2007
5.000
12/01/32
249,370
730,000
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue
Bonds, Citigroup Energy Inc Prepay Contract Obligations,
Series 2007
5.000
12/01/37
769,369
TOTAL ARIZONA
1,919,466
ARKANSAS - 0.3%
100,000
(b)
Arkansas Development Finance Authority, Arkansas,
Environmental Improvement Revenue Bonds, United States
Steel Corporation, Green Series 2022, (AMT)
5.450
09/01/52
102,346
280,000
(a)
Arkansas Development Finance Authority, Revenue Bonds,
Baptist Memorial Health Care, Refunding Series 2020B-2,
(Mandatory Put 9/01/27)
5.000
09/01/44
284,844
TOTAL ARKANSAS
387,190
CALIFORNIA - 6.3%
190,000
(a)
California Community Choice Financing Authority, Clean
Energy Project Revenue Bonds, Green Series 2024B,
(Mandatory Put 12/01/32)
5.000
01/01/55
195,631
195,000
(a)
California Community Choice Financing Authority, Clean
Energy Project Revenue Bonds, Green Series 2024H,
(Mandatory Put 8/01/33)
5.000
01/01/56
210,601
185,000
(a)
California Community Choice Financing Authority, Clean
Energy Project Revenue Bonds, Green Series 2025C,
(Mandatory Put 10/01/33)
5.000
12/01/55
194,120
160,000
(a)
California Community Choice Financing Authority, Clean
Energy Project Revenue Bonds, Green Series 2025D,
(Mandatory Put 7/01/34)
5.000
10/01/55
164,595
80,000
California Community Choice Financing Authority, Clean
Energy Project Revenue Bonds, Green Series 2025G
5.000
12/01/35
87,030
60,000
(e)
California Community Choice Financing Authority, Clean
Energy Project Revenue Bonds, Green Series 2026F
5.000
06/01/36
65,112
200,000
California County Tobacco Securitization Agency, Tobacco
Settlement Asset-Backed Bonds, Los Angeles County
Securitization Corporation, Series 2020A
5.000
06/01/30
213,462
40,000
(a)
California Educational Facilities Authority, Revenue Bonds,
Stanford University Series 2025V-5, (Mandatory Put 3/01/35)
5.000
03/01/55
47,250
405,000
California Health Facilities Financing Authority, Revenue Bonds,
El Camino Hospital, Series 2017
3.750
02/01/32
407,597
3
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CALIFORNIA
(continued)
$
92,568
California Housing Finance Agency, Municipal Certificate
Revenue Bonds, Class A Series 2021-3
3.250
%
08/20/36
$
90,440
205,000
California Infrastructure and Economic Development Bank,
Revenue Bonds, California Academy of Sciences, San
Francisco, Series 2024A
3.250
08/01/29
206,522
275,000
(b)
California Municipal Finance Authority, Charter School
Revenue Bonds, Palmdale Aerospace Academy Project, Series
2016A
5.000
07/01/31
275,107
1,040,000
California Municipal Finance Authority, Revenue Bonds, Linxs
APM Project, Senior Lien Series 2018A - AGM Insured, (AMT)
3.250
12/31/32
1,015,071
150,000
California Pollution Control Financing Authority, Solid Waste
Disposal Revenue Bonds, Waste Management Inc., Refunding
Series 2015A-2, (AMT)
3.625
07/01/27
150,098
100,000
(a)
California Pollution Control Financing Authority, Solid Waste
Disposal Revenue Bonds, Waste Management Inc., Refunding
Series 2015B-2, (AMT), (Mandatory Put 11/02/26)
3.450
11/01/40
100,207
200,000
California State, General Obligation Bonds, Refunding Various
Purpose Series 2019
5.000
11/01/37
209,459
155,000
California State, General Obligation Bonds, Refunding Various
Purpose Series 2026
5.000
10/01/39
169,449
125,000
California Statewide Communities Development Authority,
California, Revenue Bonds, Loma Linda University Medical
Center, Series 2014A
5.250
12/01/29
125,131
710,000
(b)
California Statewide Communities Development Authority,
California, Revenue Bonds, Loma Linda University Medical
Center, Series 2018A
5.000
12/01/27
728,509
30,000
(b)
California Statewide Communities Development Authority,
California, Revenue Bonds, Loma Linda University Medical
Center, Series 2018A
5.000
12/01/33
30,859
170,000
(a)
Central Valley Energy Authority, California, Commodity Supply
Revenue Bonds, Series 2025, (Mandatory Put 8/01/35)
5.000
12/01/55
182,195
100,000
(b)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Monterrey Station
Apartments, Senior Lien Series 2021A-1
3.000
07/01/43
81,218
190,000
(b)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Pasadena Portfolio Social
Bond, Series 2021A-1
2.650
12/01/46
168,179
870,000
(c)
Golden State Tobacco Securitization Corporation, California,
Tobacco Settlement Asset-Backed Bonds, Capital Appreciation
Series 2021B-2
0.000
06/01/66
90,174
70,000
Golden State Tobacco Securitization Corporation, California,
Tobacco Settlement Asset-Backed Revenue Bonds, Series
2022A-1
5.000
06/01/51
70,254
80,000
Los Angeles Community College District, California, General
Obligation Bonds, Refunding Series 2026
5.000
08/01/41
96,488
805,000
(f)
Mount San Antonio Community College District, Los Angeles
County, California, General Obligation Bonds, Election of 2008,
Series 2013A
5.875
08/01/28
844,994
2,000,000
(c)
San Diego Community College District, California, General
Obligation Bonds, Refunding Series 2011
0.000
08/01/37
1,394,653
150,000
(e)
Santa Clara Unified School District, Santa Clara County,
California, General Obligation Bonds, Refunding Series 20
5.000
08/01/37
175,478
TOTAL CALIFORNIA
7,789,883
COLORADO - 4.0%
750,000
Colorado Bridge Enterprise, Revenue Bonds, Central 70
Project, Senior Series 2017, (AMT)
4.000
06/30/30
754,373
300,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
CommonSpirit Health, Series 2019A-2
5.000
08/01/36
312,712
610,000
(a)
Colorado Health Facilities Authority, Colorado, Revenue
Bonds, CommonSpirit Health, Series 2019B-2, (Mandatory Put
8/01/26)
5.000
08/01/49
610,687
300,000
(d)
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
Parkview Medical Center, Series 2016, (Pre-refunded 9/01/26)
3.125
09/01/42
300,206
Portfolio of Investments June 30, 2026
(continued)
NIM
4
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
COLORADO
(continued)
$
100,000
Colorado Housing and Finance Authority, Single Family
Mortgage Bonds, Class I Series 2021H
2.000
%
05/01/42
$
71,973
115,000
Colorado Housing and Finance Authority, Single Family
Mortgage Bonds, Class I Series 2024A-1
6.000
11/01/55
127,147
75,000
Colorado Housing and Finance Authority, Single Family
Mortgage Bonds, Class III Series 2026E
6.500
11/01/55
84,900
500,000
(c)
Dawson Trails Metropolitan District 1, Castle Rock, Colorado,
Limited Tax General Obligation Bonds, Special Revenue
Capital Appreciation Turbo, Refunding & Improvement Series
2026
0.000
12/01/33
302,814
70,000
Denver City and County, Colorado, Airport System Revenue
Bonds, Series 2022D, (AMT)
5.750
11/15/34
80,327
100,000
Denver City and County, Colorado, Airport System Revenue
Bonds, Subordinate Lien Series 2023B, (AMT)
5.000
11/15/27
103,113
100,000
(b)
Denver Urban Renewal Authority, Colorado, Tax Increment
Revenue Bonds, 9th and Colorado Urban Redevelopement
Area, Series 2018A
5.250
12/01/39
100,266
375,000
(c)
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Series 2000B - NPFG Insured
0.000
09/01/29
344,262
400,000
(c)
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Series 2000B - NPFG Insured
0.000
09/01/33
320,788
500,000
(b)
Falcon Area Water and Wastewater Authority (El Paso County,
Colorado), Tap Fee Revenue Bonds, Series 2022A
6.750
12/01/34
502,612
175,000
Jefferson Center Metropolitan District 2, Arvada, Jefferson
County, Colorado, Special Revenue Bonds, Refunding Series
2026A
5.000
12/01/36
176,552
100,000
Regional Transportation District, Colorado, Private Activity
Bonds, Denver Transit Partners Eagle P3 Project, Series 2020A
5.000
01/15/31
106,930
100,000
Regional Transportation District, Colorado, Private Activity
Bonds, Denver Transit Partners Eagle P3 Project, Series 2020A
4.000
07/15/40
97,306
100,000
Southlands Metropolitan District 1, Colorado, Limited Tax
General Obligation Bonds, Series 2017A-1
3.500
12/01/27
99,664
500,000
West Globeville Metropolitan District 1, Denver, Colorado,
General Obligation Limited Tax Bonds, Series 2022
6.250
12/01/32
507,590
TOTAL COLORADO
5,004,222
CONNECTICUT - 0.8%
50,000
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, Stamford Hospital, Series 2021L-1
4.000
07/01/28
50,837
80,000
Connecticut Housing Finance Authority, Housing Mortgage
Finance Program Bonds, Series 2020E-3
1.850
05/15/38
60,617
450,000
Connecticut Housing Finance Authority, Housing Mortgage
Finance Program Bonds, Social Series 2022C-1
4.250
11/15/37
461,980
335,000
Connecticut Housing Finance Authority, Housing Mortgage
Finance Program Bonds, Social Series 2023B
4.200
11/15/38
338,695
100,000
Connecticut Housing Finance Authority, Housing Mortgage
Finance Program Bonds, Sustainability Green Series 2024D-1
4.550
11/15/44
102,025
TOTAL CONNECTICUT
1,014,154
DELAWARE - 0.8%
110,000
Delaware State Housing Authority, Senior Single Family
Mortgage Revenue Bonds, Series 2024A
4.450
07/01/44
110,826
100,000
Delaware State Housing Authority, Senior Single Family
Mortgage Revenue Bonds, Series 2024B
4.200
07/01/39
100,928
150,000
Delaware State Housing Authority, Senior Single Family
Mortgage Revenue Bonds, Series 2024C
4.450
07/01/44
151,200
25,000
Delaware State Housing Authority, Senior Single Family
Mortgage Revenue Bonds, Series 2025A
4.200
07/01/40
25,191
500,000
Delaware State, General Obligation Bonds, Series 2026A
5.000
05/01/36
587,248
30,000
Wilmington, Delaware, General Obligation Bonds, Series 2025
5.000
01/01/34
34,310
TOTAL DELAWARE
1,009,703
5
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
DISTRICT OF COLUMBIA - 1.1%
$
80,000
District of Columbia Student Dormitory Revenue Bonds,
Provident Group - Howard Properties LLC Issue, Series 2013
5.000
%
10/01/30
$
80,009
110,000
District of Columbia Water and Sewer Authority, Public Utility
Revenue Bonds, Refunding Subordinate Lien Series 2014C
4.000
10/01/41
107,707
300,000
District of Columbia, Income Tax Secured Revenue Bonds,
Refunding Series 2023C
5.000
10/01/32
338,108
100,000
(a)
District of Columbia, Revenue Bonds, Georgetown University,
Refunding Series 2025A, (Mandatory Put 4/03/35)
5.000
04/01/60
110,384
400,000
Metropolitan Washington Airports Authority, Virginia,
Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital
Improvement Projects, Refunding Second Senior Lien Series
2022A - AGM Insured
4.000
10/01/52
355,696
330,000
Metropolitan Washington D.C. Airports Authority, Airport
System Revenue Bonds, Refunding Series 2023A, (AMT)
5.000
10/01/34
360,566
TOTAL DISTRICT OF COLUMBIA
1,352,470
FLORIDA - 3.5%
105,000
Cape Coral, Florida, Utility Improvement Assessment Bonds,
Refunding Various Areas Series 2017 - AGM Insured
3.000
09/01/28
105,116
100,000
(a),(b)
Florida Development Finance Corporation, Florida, Solid
Waste Disposal Revenue Bonds, GFL Solid Waste Southeast
LLC Project Series 2024A, (AMT), (Mandatory Put 10/01/31)
4.375
10/01/54
101,529
250,000
(a)
Florida Development Finance Corporation, Florida, Solid
Waste Disposal Revenue Bonds, Waste Management, Inc.
Project, Series 2025A, (AMT), (Mandatory Put 9/01/28)
3.400
09/01/50
251,808
115,000
(b)
Florida Development Finance Corporation, Revenue Bonds,
Brightline Florida Passenger Rail Expansion Project, Brightline
Trains Florida LLC Issue, Series 2024, (AMT), (Mandatory Put
7/15/28)
12.000
07/15/32
32,200
1,300,000
Florida Development Finance Corporation, Revenue Bonds,
Brightline Florida Passenger Rail Expansion Project, Brightline
Trains Florida LLC Issue, Series 2024, (AMT)
5.000
07/01/36
955,500
610,000
(a),(b)
Florida Development Finance Corporation, Revenue Bonds,
Brightline Florida Passenger Rail Expansion Project, Series
2025B, (AMT), (Mandatory Put 7/01/26)
1.000
07/01/57
396,500
45,000
Florida Housing Finance Corporation, Homeowner Mortgage
Revenue Bonds, Series 2018-2
3.750
07/01/33
45,052
100,000
Florida Housing Finance Corporation, Homeowner Mortgage
Revenue Bonds, Series 2024-5
3.950
07/01/39
100,630
100,000
Florida Housing Finance Corporation, Homeowner Mortgage
Revenue Bonds, Series 2025-5
4.600
07/01/40
102,333
100,000
Florida Housing Finance Corporation, Homeowner Mortgage
Revenue Bonds, Series 2026-1
6.000
01/01/57
112,086
90,000
(e)
Florida Housing Finance Corporation, Homeowner Mortgage
Revenue Bonds, Series 2026-3
6.250
07/01/57
103,039
100,000
Florida Housing Finance Corporation, Homeowner Mortgage
Revenue Bonds, Social Series 2021-2
2.050
07/01/41
77,085
280,000
Florida Municipal Power Agency, Power Supply Revenue
Bonds, All Requirements Project, Series 2025A
5.000
10/01/34
315,125
95,000
Florida State Board of Governors, Dormitory Revenue Bonds,
Florida International University, Series 2026A - BAM Insured
4.000
07/01/44
94,321
30,000
Florida State Turnpike Authority, Turnpike Revenue Bonds,
Department of Transportation, Series 2026A
4.250
07/01/49
29,737
200,000
Hillsborough County, Florida, Solid Waste and Resource
Recovery Revenue Bonds, Refunding Series 2016A, (AMT)
4.000
09/01/34
200,179
15,000
JEA, Florida, Electric System Revenue Bonds, Subordinated
Series Three 2020A
5.000
10/01/27
15,456
300,000
Leon County - City of Tallahassee Blueprint Intergovernmental
Agency, Florida, Sales Tax Revenue Bonds, Series 2026
5.000
10/01/36
330,153
200,000
(e)
Miami-Dade County School District, Florida, General
Obligation Bonds, Tax Anticipation Notes Series 2026
4.000
01/07/27
201,324
150,000
Miami-Dade County, Florida, Aviation Revenue Bonds,
Refunding Series 2024A, (AMT)
5.000
10/01/29
159,299
Portfolio of Investments June 30, 2026
(continued)
NIM
6
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
FLORIDA
(continued)
$
100,000
Miami-Dade County, Florida, Aviation Revenue Bonds,
Refunding Series 2024A, (AMT)
5.000
%
10/01/33
$
110,474
85,000
(e)
Miami-Dade County, Florida, Aviation Revenue Bonds,
Refunding Series 2026A, (AMT)
5.000
10/01/37
94,399
100,000
Putnam County School District, Florida, General Obligation
Bonds, Series 2026 - BAM Insured
5.000
07/01/41
109,999
50,000
Saint Johns County School Board, Florida, Certificates of
Participation, Master Lease Program, Series 2019A
5.000
07/01/37
52,609
25,000
South Miami Health Facilities Authority, Florida, Hospital
Revenue Bonds, Baptist Health Systems of South Florida
Obligated Group, Refunding Series 2017
4.000
08/15/42
24,590
270,000
(c)
Tampa, Florida, Capital Improvement Cigarette Tax Allocation
Bonds, H. Lee Moffitt Cancer Center Project, Series 2020A
0.000
09/01/34
196,355
TOTAL FLORIDA
4,316,898
GEORGIA - 2.1%
100,000
(b)
Atlanta Development Authority, Georgia, Revenue Bonds,
Westside Gulch Area Project, Senior Series 2024A-1
5.000
04/01/34
102,846
255,000
Georgia Housing and Finance Authority, Single Family
Mortgage Bonds, Series 2020A
2.600
12/01/32
238,311
240,000
Georgia Housing and Finance Authority, Single Family
Mortgage Bonds, Series 2023A
4.150
12/01/38
240,243
115,000
Georgia Housing and Finance Authority, Single Family
Mortgage Bonds, Series 2024A
4.100
12/01/39
114,709
275,000
Georgia Housing and Finance Authority, Single Family
Mortgage Bonds, Series 2024C
4.000
12/01/39
274,017
1,000,000
Georgia State, General Obligation Bonds, Series 2021A
5.000
07/01/27
1,027,166
80,000
(a),(b)
Main Street Natural Gas Inc., Georgia, Gas Supply Revenue
Bonds, Series 2022C, (Mandatory Put 11/01/27)
4.000
08/01/52
80,329
150,000
(a)
Main Street Natural Gas Inc., Georgia, Gas Supply Revenue
Bonds, Series 2023E-1, (Mandatory Put 6/01/31)
5.000
12/01/53
160,174
220,000
(a)
Main Street Natural Gas Inc., Georgia, Gas Supply Revenue
Bonds, Series 2024D, (Mandatory Put 4/01/31)
5.000
04/01/54
235,087
140,000
(a)
Main Street Natural Gas Inc., Georgia, Gas Supply Revenue
Bonds, Series 2025A, (Mandatory Put 6/01/32)
5.000
06/01/55
151,338
TOTAL GEORGIA
2,624,220
HAWAII - 0.2%
320,000
Hawaii Department of Budget and Finance, Special Purpose
Revenue Bonds, Hawaiian Electric Company, Inc. and
Subsidiary Projects, Refunding Series 2019
3.200
07/01/39
283,561
TOTAL HAWAII
283,561
IDAHO - 0.2%
105,000
Idaho Housing and Finance Association, Single Family
Mortgage Revenue Bonds, Series 2024A
4.450
01/01/44
105,614
129,000
(b)
Spring Valley Community Infrastructure District 1, Eagle, Idaho,
Special Assessment Bonds, Series 2021
3.750
09/01/51
126,398
TOTAL IDAHO
232,012
ILLINOIS - 5.1%
25,000
Cary, Illinois, Special Tax Bonds, Special Service Area 1,
Refunding Series 2016 - BAM Insured
2.900
03/01/28
24,944
65,000
Cary, Illinois, Special Tax Bonds, Special Service Area 1,
Refunding Series 2016 - BAM Insured
3.050
03/01/30
65,005
35,000
Cary, Illinois, Special Tax Bonds, Special Service Area 2,
Refunding Series 2016 - BAM Insured
2.900
03/01/28
34,922
40,000
Cary, Illinois, Special Tax Bonds, Special Service Area 2,
Refunding Series 2016 - BAM Insured
3.050
03/01/30
40,003
40,000
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue
Bonds, Refunding Project Second Lien Series 2026A
5.000
12/01/41
43,979
100,000
Chicago, Illinois, General Obligation Bonds, Chicago Works
Series 2023A
5.500
01/01/39
104,593
115,000
Cook County, Illinois, Sales Tax Revenue Bonds, Series 2021A
4.000
11/15/41
112,918
590,000
Huntley, Illinois, Special Tax Bonds, Special Service Area 10,
Refunding Series 2017 - BAM Insured
3.300
03/01/28
590,225
7
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ILLINOIS
(continued)
$
110,000
Illinois Finance Authority, Revenue Bonds, Advocate Health
Care Network, Refunding Series 2008A-2
4.000
%
11/01/30
$
111,759
150,000
Illinois Finance Authority, Revenue Bonds, Advocate Health
Care Network, Series 2008A-1
4.000
11/01/30
152,406
100,000
Illinois Finance Authority, Revenue Bonds, University of
Chicago, Series 2014A
4.000
10/01/38
99,995
260,000
(a)
Illinois Finance Authority, Revenue Bonds, University of
Chicago, Series 2021B, (Mandatory Put 8/15/31)
5.000
08/15/53
282,210
100,000
(a),(b)
Illinois Finance Authority, Surface Freight Transfer Facilities
Revenue Bonds, CenterPoint Joliet Terminal Railroad Project,
Series 2017, (AMT), (Mandatory Put 7/02/35)
4.800
12/01/43
103,664
220,000
(a),(b)
Illinois Finance Authority, Surface Freight Transfer Facilities
Revenue Bonds, CenterPointJoliet Terminal Railroad Project,
Series 2020, (AMT), (Mandatory Put 12/31/34)
4.125
12/01/50
220,393
280,000
Illinois Housing Development Authority, Revenue Bonds,
Green Series 2021B
2.150
10/01/41
217,554
500,000
Illinois Municipal Electric Agency, Power Supply System
Revenue Bonds, Refunding Series 2025A
5.000
02/01/32
554,611
305,000
Illinois State, General Obligation Bonds, November Series
2017D
5.000
11/01/28
314,196
390,000
Illinois State, General Obligation Bonds, Refunding October
Series 2024
5.000
02/01/29
411,126
430,000
Illinois State, General Obligation Bonds, Refunding September
Series 2018B
5.000
10/01/32
447,655
125,000
Illinois State, General Obligation Bonds, Taxable September
Series 2025B
5.250
09/01/29
133,999
615,000
Illinois Toll Highway Authority, Toll Highway Revenue Bonds,
Refunding Senior Lien Series 2016A
5.000
12/01/32
616,032
605,000
Illinois Toll Highway Authority, Toll Highway Revenue Bonds,
Senior Lien Series 2014C
5.000
01/01/36
605,873
75,000
(e)
Kane & DeKalb Counties Community Unit School District 302,
Illinois, General Obligation Bonds, Series 2026B
4.125
02/01/46
72,245
365,000
North Barrington, Lake County, Illinois, Special Tax Bonds,
Special Service Area 19, Refunding Series 2019 - BAM Insured
4.000
02/01/28
371,930
200,000
North Barrington, Lake County, Illinois, Special Tax Bonds,
Special Service Area 19, Refunding Series 2019 - BAM Insured
4.000
02/01/29
203,816
395,000
North Barrington, Lake County, Illinois, Special Tax Bonds,
Special Service Area 19, Refunding Series 2019 - BAM Insured
4.000
02/01/30
402,204
TOTAL ILLINOIS
6,338,257
INDIANA - 1.4%
205,000
(a)
Indiana Finance Authority, Economic Development Revenue
Bonds, Republic Service, Inc. Project, Refunding Series 2010A,
(AMT), (Mandatory Put 9/01/26)
2.900
05/01/28
204,948
70,000
Indiana Finance Authority, Educational Facilities Revenue
Bonds, Earlham College, Refunding Series 2013A
5.000
10/01/32
69,996
590,000
(a)
Indiana Finance Authority, Environmental Revenue Bonds,
Duke Energy Indiana, Inc. Project, Refunding Series 2009A-1,
(AMT), (Mandatory Put 6/01/32)
4.500
05/01/35
594,367
30,000
Indiana Housing and Community Development Authority,
Single Family Mortgage Revenue Bonds, Series 2021A
2.050
07/01/41
23,126
350,000
Indiana Housing and Community Development Authority,
Single Family Mortgage Revenue Bonds, Social PAC Series
2021B
2.125
07/01/41
271,481
250,000
(a)
Rockport, Indiana, Pollution Control Revenue Refunding Bonds,
Indiana Michigan Power Company Project, Series 2025A,
(Mandatory Put 6/01/29)
3.700
06/01/47
254,279
100,000
Valparaiso 21st Century School Building Corporation, Porter
County, Indiana, First Mortgage Bonds, Ad Valorem Property
Tax Refunding Series 2025
5.000
07/15/32
111,099
95,000
(a)
Whiting, Indiana, Environmental Facilities Revenue Bonds, BP
Products North America Inc. Project, Refunding Series 2019A,
(AMT), (Mandatory Put 6/10/33)
4.000
12/01/44
96,868
Portfolio of Investments June 30, 2026
(continued)
NIM
8
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
INDIANA
(continued)
$
100,000
(a)
Whiting, Indiana, Environmental Facilities Revenue Bonds, BP
Products North America Inc. Project, Series 2008, (Mandatory
Put 6/21/35)
4.200
%
06/01/44
$
103,629
TOTAL INDIANA
1,729,793
IOWA - 0.5%
200,000
Iowa Finance Authority, Health Facilities Revenue Bonds,
UnityPoint Health Project,  Series 2014C
4.125
02/15/35
200,016
210,000
(a),(d)
Iowa Finance Authority, Iowa, Midwestern Disaster Area
Revenue Bonds, Iowa Fertilizer Company Project, Refunding
Series 2022, (Pre-refunded 12/01/32), (Mandatory Put
12/01/32)
4.000
12/01/50
225,436
55,000
(d)
Iowa Finance Authority, Iowa, Midwestern Disaster Area
Revenue Bonds, Iowa Fertilizer Company Project, Refunding
Series 2022, (Pre-refunded 12/01/32)
5.000
12/01/50
62,259
100,000
Iowa Finance Authority, Single Family Mortgage Revenue
Bonds, Social Series 2021B
2.200
07/01/41
77,685
50,000
Winterset, Iowa, Sewer Revenue Loan Agreement Project
Notes, Series 2026
4.000
06/01/29
50,579
TOTAL IOWA
615,975
KANSAS - 0.3%
100,000
Hutchinson, Kansas, General Obligation Bonds, Temporary
Notes Series 2025D
3.375
10/01/28
100,138
120,000
Manhattan, Kansas, General Obligation Bonds, Temporary
Notes, Series 2024-02 - BAM Insured
5.000
06/15/28
120,185
100,000
(b)
Wyandotte County-Kansas City Unified Government, Kansas,
Sales Tax Special Obligation Bonds, Village East Project Areas
2B 3 and 5, Series 2022
5.750
09/01/39
103,010
TOTAL KANSAS
323,333
KENTUCKY - 1.7%
30,000
Ashland, Kentucky, Medical Center Revenue Bonds, Ashland
Hospital Corporation d/b/a King's Daughters Medical Center
Project, Refunding Series 2019
4.000
02/01/36
29,649
110,000
Campbell & Kenton Counties Sanitation District 1, Kentucky,
Revenue Bonds, Refunding Series 2016
4.000
08/01/36
109,481
235,000
Carroll County, Kentucky, Environmental Facilities Revenue
Bonds, Kentucky Utilities Company Project, Series 2008A,
(AMT)
2.000
02/01/32
209,956
205,000
Henderson, Kentucky, Facilities Revenue Bonds, Pratt Paper LLC
Project, Series 2022B, (AMT)
3.700
01/01/32
206,193
550,000
Kentucky Economic Development Finance Authority, Hospital
Revenue Bonds, Owensboro Health, Refunding Series 2017A
5.000
06/01/31
555,054
125,000
Kentucky State Property and Buildings Commission, Revenue
Bonds, Project 131, Series 2024A
5.000
10/01/28
131,754
100,000
Louisville and Jefferson County Metropolitan Sewer District,
Kentucky, Sewer and Drainage System Revenue Bonds, Series
2015A
4.000
05/15/37
99,996
260,000
(a)
Public Energy Authority of Kentucky, Gas Supply Revenue
Bonds, Refunding Series 2024B, (Mandatory Put 8/01/32)
5.000
01/01/55
275,040
550,000
(a)
Trimble County, Kentucky, Pollution Control Revenue Bonds,
Louisville Gas and Electric Company Project, Series 2016A,
(AMT), (Mandatory Put 9/01/27)
1.300
09/01/44
535,606
TOTAL KENTUCKY
2,152,729
LOUISIANA - 3.4%
30,000
Louisiana Housing Corporation, Single Family Mortgage
Revenue Bonds, Home Ownership Program, Series 2021D
2.350
12/01/41
23,881
485,000
Louisiana Housing Corporation, Single Family Mortgage
Revenue Bonds, Home Ownership Program, Series 2022A
3.850
12/01/37
483,488
100,000
Louisiana Housing Corporation, Single Family Mortgage
Revenue Bonds, Home Ownership Program, Series 2024A
4.000
12/01/39
100,210
100,000
Louisiana Housing Corporation, Single Family Mortgage
Revenue Bonds, Series 2025A
4.150
12/01/40
100,625
650,000
Louisiana Housing Corporation, Single Family Mortgage
Revenue Bonds, Series 2025C
4.750
06/01/40
680,972
9
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LOUISIANA
(continued)
$
535,000
Louisiana Local Government Environmental Facilities and
Community Development Authority, Louisiana, Revenue
Bonds, Entergy Lousiana, LLC Project, Refunding Series 2021B
2.500
%
04/01/36
$
466,331
885,000
Louisiana Local Government Environmental Facilities and
Community Development Authority, Revenue Bonds, Westlake
Chemical Corporation Projects, Refunding Series 2017
3.500
11/01/32
869,635
195,000
Louisiana Publc Facilities Authority, Lousiana, Revenue Bonds,
Ochsner Clinic Foundation Project, Refunding Series 2017
5.000
05/15/30
198,295
310,000
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner
Clinic Foundation Project, Refunding Series 2016
5.000
05/15/29
310,351
70,000
Louisiana State, Gasoline and Fuels Tax Revenue Bonds,
Refunding Second Lien Series 2025A
4.000
05/01/40
71,325
75,000
New Orleans, Louisiana, General Obligation Bonds, Public
Improvement Series 2026A
5.000
12/01/33
81,363
105,000
(a),(b)
Saint James Parish, Louisiana, Revenue Bonds, NuStar Logistics,
L.P. Project, Series 2010B, (Mandatory Put 6/01/30)
6.100
12/01/40
115,677
100,000
(a)
Saint James Parish, Louisiana, Revenue Bonds, NuStar Logistics,
L.P. Project, Series 2011, (Mandatory Put 6/01/30)
3.700
08/01/41
101,472
355,000
(a),(e)
Saint John Baptist Parish, Louisiana, Revenue Bonds, Marathon
Oil Corporation Project, Refunding Series 2017D, (Mandatory
Put 7/02/29)
3.000
06/01/37
355,868
165,000
Shreveport, Louisiana, Water and Sewer Revenue Bonds, Junior
Lien Series 2019B - AGM Insured
4.000
12/01/33
166,531
100,000
Shreveport, Louisiana, Water and Sewer Revenue Bonds,
Refunding Series 2025
5.000
12/01/31
109,573
TOTAL LOUISIANA
4,235,597
MAINE - 0.4%
105,000
Maine State Housing Authority, Multifamily Mortgage Purchase
Bonds, Series 2021A
2.050
11/15/41
75,942
100,000
Maine State Housing Authority, Multifamily Mortgage Purchase
Bonds, Series 2022A
2.400
11/15/41
79,261
55,000
Maine State Housing Authority, Single Family Mortgage
Purchase Bonds, Series 2020D
2.550
11/15/40
45,557
140,000
Maine State Housing Authority, Single Family Mortgage
Purchase Bonds, Social Series 2021C
2.150
11/15/41
108,627
100,000
Maine State Housing Authority, Single Family Mortgage
Purchase Bonds, Social Series 2025D
6.000
11/15/55
109,921
100,000
Maine State Housing Authority, Single Family Mortgage
Purchase Bonds, Social Series 2026A
6.000
11/15/56
110,512
TOTAL MAINE
529,820
MARYLAND - 1.3%
335,000
Baltimore, Maryland, Convention Center Hotel Revenue Bonds,
Refunding Series 2017
5.000
09/01/30
338,601
245,000
Maryland Community Development Administration
Department of Housing and Community Development,
Residential Revenue Bonds, Series 2019C
2.700
09/01/34
224,067
230,000
Maryland Community Development Administration
Department of Housing and Community Development,
Residential Revenue Bonds, Series 2021A
1.950
09/01/41
172,239
175,000
Maryland Community Development Administration
Department of Housing and Community Development,
Residential Revenue Bonds, Series 2021B
2.100
09/01/41
134,838
400,000
Maryland Community Development Administration
Department of Housing and Community Development,
Residential Revenue Bonds, Series 2021C
2.450
09/01/41
322,487
60,000
Maryland Community Development Administration
Department of Housing and Community Development,
Residential Revenue Bonds, Social Series 2026B
6.250
09/01/56
67,209
100,000
(a)
Maryland Health and Higher Educational Facilities
Authority,  Revenue Bonds, University of Maryland Medical
Systems, Series 2025B, (Mandatory Put 7/01/31)
5.000
07/01/45
107,585
90,000
Maryland Transportation Authority, Revenue Bonds,
Transportation Facilities Projects, Refunding Series 2024A
5.000
07/01/37
101,740
Portfolio of Investments June 30, 2026
(continued)
NIM
10
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MARYLAND
(continued)
$
80,000
Washington Suburban Sanitary District, Montgomery and
Prince George's Counties, Maryland, General Obligation
Bonds, Consolidated Public Improvement, Series 2026
4.000
%
06/01/45
$
80,754
TOTAL MARYLAND
1,549,520
MASSACHUSETTS - 1.6%
200,000
Massachusetts Development Finance Agency Revenue Bonds,
Lawrence General Hospital Issue, Series 2014A
5.000
07/01/27
199,308
100,000
(b)
Massachusetts Development Finance Agency Revenue
Refunding Bonds, NewBridge on the Charles, Inc. Issue, Series
2017
4.000
10/01/32
100,208
80,000
Massachusetts Development Finance Agency, Revenue Bonds,
CareGroup Issue, Series 2018J-2
5.000
07/01/33
82,564
190,000
(a)
Massachusetts Development Finance Agency, Revenue Bonds,
Harvard University, Series 2025A-2, (Mandatory Put 11/15/35)
5.000
05/15/55
221,462
100,000
(d)
Massachusetts Development Finance Agency, Revenue Bonds,
Milford Regional Medical Center Issue, Series 2020G, (Pre-
refunded 7/15/30)
5.000
07/15/36
108,917
50,000
Massachusetts Development Finance Agency, Revenue Bonds,
Southcoast Health System Obligated Group Issue, Series
2021G
5.000
07/01/35
53,294
100,000
Massachusetts Housing Finance Agency, Multifamily Housing
Bonds, Green Sustainability Series 2024A1
4.550
12/01/44
101,410
150,000
Massachusetts Housing Finance Agency, Multifamily Housing
Bonds, Green Sustainability Series 2024B3
3.500
06/01/29
151,526
115,000
Massachusetts Housing Finance Agency, Single Family Housing
Revenue Bonds, Series 2019-214
2.800
12/01/39
101,248
70,000
Massachusetts Housing Finance Agency, Single Family Housing
Revenue Bonds, Social Series 2020-220
2.125
12/01/40
55,120
65,000
Massachusetts Housing Finance Agency, Single Family Housing
Revenue Bonds, Social Series 2021-221
2.200
12/01/41
50,253
70,000
Massachusetts Housing Finance Agency, Single Family Housing
Revenue Bonds, Social Series 2021-223
2.350
06/01/39
59,377
65,000
Massachusetts Housing Finance Agency, Single Family Housing
Revenue Bonds, Taxable Social Series 2026-253
6.250
12/01/56
72,979
50,000
Massachusetts State, General Obligation Bonds, Consolidated
Loan, Series 2017F
5.000
11/01/41
51,052
220,000
Massachusetts State, General Obligation Bonds, Refunding
Series 2024B
5.000
11/01/37
247,762
220,000
Massachusetts State, General Obligation Bonds, Refunding
Series 2024B
5.000
11/01/38
246,589
65,000
North Attleborough, Massachusetts, General Obligation Bonds,
Municipal Purpose Loan, Series 2026
4.000
03/15/46
64,461
TOTAL MASSACHUSETTS
1,967,530
MICHIGAN - 1.5%
100,000
Detroit City School District, Wayne County, Michigan, Unlimited
Tax School Building and Site Improvement Bonds, Series
2001A - AGM Insured
6.000
05/01/29
106,433
95,000
Detroit, Michigan, Senior Lien Sewerage Disposal System
Revenue Bonds, Series 2001B - NPFG Insured
5.500
07/01/29
98,562
550,000
(a)
Michigan Finance Authority, Michigan, Revenue Bonds, Trinity
Health Credit Group, Refunding Series 2022B-MI, (Mandatory
Put 12/01/28)
5.000
12/01/43
572,528
50,000
Michigan Housing Development Authority, Rental Housing
Revenue Bonds, Series 2018A
3.800
10/01/38
49,243
270,000
Michigan Housing Development Authority, Rental Housing
Revenue Bonds, Series 2021A
2.250
10/01/41
204,413
320,000
Michigan Housing Development Authority, Single Family
Mortgage Revenue Bonds, Series 2019B
2.700
12/01/34
291,494
360,000
Michigan Housing Development Authority, Single Family
Mortgage Revenue Bonds, Series 2020C
2.600
12/01/40
303,070
125,000
Michigan Housing Development Authority, Single Family
Mortgage Revenue Bonds, Social Series 2021A
2.150
12/01/41
96,940
11
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MICHIGAN
(continued)
$
25,000
(a)
Michigan Strategic Fund, Limited Obligation Revenue Bonds,
Graphic Packaging International, LLC Coated Recycled Board
Machine Project, Green Series 2021, (AMT), (Mandatory Put
10/01/26)
4.000
%
10/01/61
$
25,024
105,000
Wayne County Airport Authority, Michigan, Revenue Bonds,
Detroit Metropolitan Wayne County Airport, Refunding Series
2025G, (AMT)
5.000
12/01/34
116,499
TOTAL MICHIGAN
1,864,206
MINNESOTA - 0.5%
52,072
Minnesota Housing Finance Agency, Homeownership Finance
Bonds, Mortgage-Backed Securities Program, Series 2017E
2.850
06/01/47
45,977
125,000
Minnesota Housing Finance Agency, Residential Housing
Finance Bonds, Series 2013C
3.900
07/01/43
123,694
105,000
Minnesota Housing Finance Agency, Residential Housing
Finance Bonds, Series 2020E
2.500
07/01/40
86,906
70,000
Minnesota Housing Finance Agency, Residential Housing
Finance Bonds, Series 2020I
2.000
07/01/40
51,854
100,000
Minnesota Housing Finance Agency, Residential Housing
Finance Bonds, Series 2021D
2.200
07/01/41
77,685
115,000
Minnesota Housing Finance Agency, Residential Housing
Finance Bonds, Series 2021H
2.350
07/01/41
91,930
175,000
White Bear Lake Independent School District 624, Ramsey
County, Minnesota, General Obligation Bonds, Facilities
Maintenance Series 2021A
2.000
02/01/28
172,100
TOTAL MINNESOTA
650,146
MISSISSIPPI - 0.6%
130,000
Mississippi Business Finance Corporation, Pollution Control
Revenue, Mississippi Power, Series 2002
3.200
09/01/28
130,028
100,000
Mississippi Business Finance Corporation, Revenue Bonds,
System Energy Resources, Inc. Project, Refunding Series 2021
2.375
06/01/44
68,445
25,000
Mississippi Home Corporation, Single Family Mortgage
Revenue Bonds, Series 202
6.250
12/01/55
28,020
30,000
Mississippi Home Corporation, Single Family Mortgage
Revenue Bonds, Series 2021A
2.000
12/01/40
22,646
440,000
Mississippi Home Corporation, Single Family Mortgage
Revenue Bonds, Series 2024C
4.650
12/01/44
446,708
100,000
Warren County, Mississippi, Gulf Opportunity Zone Revenue
Bonds, International Paper Company Project, Refunding Series
20218
4.000
09/01/32
103,208
TOTAL MISSISSIPPI
799,055
MISSOURI - 0.8%
100,000
Bi-State Development Agency of the Missouri-Illinois
Metropolitan District, Mass Transit Sales Tax Appropriation
Bonds, Refunding Combined Lien Series 2019
5.000
10/01/44
104,132
100,000
Branson Industrial Development Authority, Missouri, Tax
Increment Revenue Bonds, Branson Shoppes Redevelopment
Project, Refunding Series 2017A
4.000
11/01/26
99,840
100,000
Kansas City Industrial Development Authority, Missouri, Airport
Special Obligation Bonds, Kansas City International Airport
Terminal Modernization Project, Series 2019A, (AMT)
5.000
03/01/44
101,902
190,000
(a)
Missouri Health and Educational Facilities Authority, Health
Facilities Revenue Bonds, BJC Health System, Series 2025C,
(Mandatory Put 4/01/35)
5.000
04/01/59
212,499
60,000
Missouri Housing Development Commission, Single Family
Mortgage Revenue Bonds, First Place Homeownership Loan
Program, Series 2021B
2.000
11/01/41
45,626
465,000
Missouri Housing Development Commission, Single Family
Mortgage Revenue Bonds, First Place Homeownership Loan
Program, Series 2023B
4.100
11/01/38
468,594
TOTAL MISSOURI
1,032,593
Portfolio of Investments June 30, 2026
(continued)
NIM
12
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MONTANA - 0.5%
$
325,000
Forsyth, Montana Pollution Control Revenue Bonds, Portland
General Electric Company Project, Refunding Series 1998A
2.125
%
05/01/33
$
285,560
100,000
Lewis and Clark County High School District, Montana, General
Obligation Bonds, School Building Series 2025 - BAM Insured
5.000
07/01/38
113,796
25,000
Montana Board of Housing, Single Family Mortgage Bonds,
Series 2021B
2.000
12/01/41
18,991
100,000
Montana Board of Housing, Single Family Mortgage Bonds,
Series 2024A
4.450
12/01/44
100,699
15,000
Montana Board of Housing, Single Family Mortgage Bonds,
Series 2024B
4.300
12/01/44
15,100
65,000
Montana Board of Housing, Single Family Mortgage Bonds,
Series 2026A
5.750
06/01/56
71,072
TOTAL MONTANA
605,218
NATIONAL - 0.5%
678,331
(a)
Federal Home Loan Mortgage Corporation, Notes
4.140
01/25/40
664,245
TOTAL NATIONAL
664,245
NEBRASKA - 1.0%
190,000
(a)
Central Plains Energy Project, Nebraska, Gas Project 4 Revenue
Bonds, Refunding Series 2023A-1, (Mandatory Put 11/01/29)
5.000
05/01/54
199,316
80,000
Nebraska Investment Finance Authority, Single Family Housing
Revenue Bonds, Series 2019D
2.600
09/01/34
72,904
515,000
Nebraska Investment Finance Authority, Single Family Housing
Revenue Bonds, Series 2020A
2.300
09/01/32
477,086
230,000
Nebraska Investment Finance Authority, Single Family Housing
Revenue Bonds, Series 2021C
2.300
09/01/41
181,896
60,000
Nebraska Investment Finance Authority, Single Family Housing
Revenue Bonds, Social Series 2026A
6.250
03/01/55
67,078
100,000
Sarpy County School District 037 Gretna Public Schools,
Nebraska, General Obligation Bonds, Series 2022B
5.000
12/15/27
100,512
100,000
Sarpy County, Nebraska, Limited Tax Highway Allocation Fund
Pledge Bonds, Series 2021
2.000
06/01/27
98,999
140,000
Saunders County School District 1, Ashland-Greenwood,
Nebraska, General Obligation Bonds, Series 2021
2.000
12/15/50
76,258
TOTAL NEBRASKA
1,274,049
NEVADA - 0.5%
125,000
Clark County School District, Nevada, General Obligation
Bonds, Refunding Limited Tax Building Series 2026A
4.000
06/15/46
120,382
85,000
Las Vegas Convention and Visitors Authority, Nevada, Revenue
Bonds, Refunding Series 2017B
4.000
07/01/34
85,409
100,000
Nevada Housing Division, Single Family Housing Mortgage
Revenue Bonds, Refunding Series 2021A
2.200
10/01/41
77,458
135,000
Nevada Housing Division, Single Family Housing Mortgage
Revenue Bonds, Senior Series 2025C
4.750
10/01/40
141,383
220,000
Nevada State, Motor Vehicle Fuel Tax Highway Improvement
Revenue Bonds, Series 2017
4.000
12/01/34
220,568
TOTAL NEVADA
645,200
NEW HAMPSHIRE - 1.6%
166,053
National Finance Authority, New Hampshire, Municipal
Certificates Series 2020-1 Class A
4.125
01/20/34
168,896
383,220
National Finance Authority, New Hampshire, Municipal
Certificates Series 2022-1 Class A
4.375
09/20/36
390,575
161,207
National Finance Authority, New Hampshire, Municipal
Certificates Series 2022-2 Class A
4.000
10/20/36
160,462
204,222
National Finance Authority, New Hampshire, Municipal
Certificates Social Series 2024-1 Class A
4.250
07/20/41
205,270
147,404
National Finance Authority, New Hampshire, Municipal
Certificates Social Series 2024-2 Class A
3.625
08/20/39
141,598
196,855
(a)
National Finance Authority, New Hampshire, Municipal
Certificates Social Series 2024-4 Class A
4.180
11/20/39
196,295
149,310
(a)
National Finance Authority, New Hampshire, Municipal
Certificates Social Series 2025-3 Class A-1
4.794
02/20/41
155,366
13
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW HAMPSHIRE
(continued)
$
295,000
National Finance Authority, New Hampshire, Pollution Control
Revenue Bonds, New York State Electric & Gas Corporation
Project, Refunding Series 2022A, (AMT)
4.000
%
12/01/28
$
298,797
100,000
(b)
National Finance Authority, New Hampshire, Special Revenue
Bonds, Forestar Group Houston Area Projects, Fort Bend,
Galveston, Montgomery, and Walker Counties, Texas, Series
2026
6.500
12/01/34
100,399
120,000
New Hampshire Housing Finance Authority, Single Family
Mortgage Acquisition Bonds, Social Series 2024A
4.500
07/01/44
120,428
100,000
New Hampshire Housing Finance Authority, Single Family
Mortgage Acquisition Bonds, Social Series 2025A
4.500
07/01/45
100,211
TOTAL NEW HAMPSHIRE
2,038,297
NEW JERSEY - 3.5%
100,000
New Jersey Economic Development Authority, Lease Revenue
Bonds, State House Project, Series 2017B
5.000
06/15/37
104,581
100,000
(b)
New Jersey Economic Development Authority, New Jersey,
Dock and Wharf Facility Revenue Bonds, Repauno Port & Rail
Terminal Project, Series 2025, (AMT)
6.375
01/01/35
106,237
220,000
New Jersey Economic Development Authority, Private Activity
Bonds, The Goethals Bridge Replacement Project, Series 2013,
(AMT)
5.000
01/01/28
220,709
120,000
New Jersey Economic Development Authority, Revenue Bonds,
Motor Vehicle Surcharge, Refunding Subordinate Series 2017A
3.375
07/01/30
119,996
1,000,000
New Jersey Economic Development Authority, School Facilities
Construction Bonds, Refunding Series 2015XX
5.000
06/15/27
1,001,260
110,000
New Jersey Economic Development Authority, Special
Facilities Revenue Bonds, Continental Airlines Inc., Series 1999,
(AMT)
5.250
09/15/29
110,154
250,000
(a)
New Jersey Economic Development Authority, Water Facilities
Revenue Bonds, New Jersey-American Water Company Inc.
Project, Refunding Series 2019A, (AMT), (Mandatory Put
12/03/29)
2.200
10/01/39
238,330
50,000
New Jersey Higher Education Student Assistance Authority,
Student Loan Revenue Bonds, Senior Lien Series 2017-1A,
(AMT)
3.750
12/01/31
49,963
1,280,000
(c)
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Capital Appreciation Series 2010A
0.000
12/15/33
998,803
170,000
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Series 2019AA
3.750
06/15/33
170,124
210,000
Tobacco Settlement Financing Corporation, New Jersey,
Tobacco Settlement Asset-Backed Bonds, Series 2018A
5.000
06/01/28
217,903
685,000
Tobacco Settlement Financing Corporation, New Jersey,
Tobacco Settlement Asset-Backed Bonds, Series 2018A
5.000
06/01/29
712,005
240,000
Tobacco Settlement Financing Corporation, New Jersey,
Tobacco Settlement Asset-Backed Bonds, Series 2018A
5.000
06/01/34
248,321
TOTAL NEW JERSEY
4,298,386
NEW MEXICO - 0.3%
90,000
New Mexico Mortgage Finance Authority, Single Family
Mortgage Program Bonds, Class 1 Series 2019D
2.800
07/01/34
83,375
100,000
New Mexico Mortgage Finance Authority, Single Family
Mortgage Program Bonds, Class 1 Series 2021C
2.100
07/01/41
77,207
110,000
New Mexico Mortgage Finance Authority, Single Family
Mortgage Program Bonds, Class 1 Series 2024C
4.100
09/01/39
109,467
110,000
New Mexico Mortgage Finance Authority, Single Family
Mortgage Program Bonds, Class 1 Series 2024G
4.375
09/01/44
111,225
40,000
(a)
New Mexico Municipal Energy Acquisition Authority, Gas
Supply Revenue Bonds, Refunding & Acquisition Series 2025,
(Mandatory Put 11/01/30)
5.000
06/01/54
42,554
TOTAL NEW MEXICO
423,828
Portfolio of Investments June 30, 2026
(continued)
NIM
14
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW YORK - 4.9%
$
105,000
(b)
Build NYC Resource Corporation, New York, Revenue Bonds,
Family Life Academy Charter School, Series 2020B-1
5.000
%
06/01/40
$
101,049
200,000
(b)
Dormitory Authority of the State of New York, Revenue Bonds,
Orange Regional Medical Center Obligated Group, Series
2017
5.000
12/01/28
200,314
200,000
Dormitory Authority of the State of New York, State Personal
Income Tax Revenue Bonds, General Purpose Series 2016A
Group A
5.000
02/15/37
200,454
750,000
Genesee County Funding Corporation, New York, Revenue
Bonds, Rochester Regional Health Project, Series 2022A
5.000
12/01/36
796,966
60,000
Monroe County Industrial Development Corporation, New
York, Revenue Bonds, Saint Ann's Community Project, Series
2019
5.000
01/01/40
60,188
20,000
New York City Industrial Development Agency, New York,
PILOT Payment in Lieu of Taxes Revenue Bonds, Queens
Baseball Stadium Project, Refunding Series 2021A - AGM
Insured
4.000
01/01/32
20,752
135,000
New York City Industrial Development Agency, New York,
PILOT Payment in Lieu of Taxes Revenue Bonds, Queens
Baseball Stadium Project, Refunding Series 2021A - AGM
Insured
3.000
01/01/33
132,663
25,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal 2017 Series E-1
5.000
02/01/43
25,202
200,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal 2019 Series A-1
5.000
08/01/40
206,500
150,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Series 2024B
5.000
05/01/38
165,528
350,000
New York City, New York, General Obligation Bonds, Fiscal
2021 Series A-1
5.000
08/01/29
374,456
100,000
New York State Housing Finance Agency, Affordable Housing
Revenue Bonds, Climate Bond Certified/Green Bond Series
2018I
3.625
11/01/33
100,146
255,000
New York State Housing Finance Agency, Affordable Housing
Revenue Bonds, Climate Bond Certified/Sustainability Series
2019P
2.600
11/01/34
228,091
240,000
New York State Housing Finance Agency, Affordable Housing
Revenue Bonds, Refunding Series 2019C
3.500
11/01/34
239,405
330,000
(a)
New York State Housing Finance Agency, Affordable Housing
Revenue Bonds, Sustainability Series 2023C-2, (Mandatory Put
5/01/29)
3.800
11/01/62
330,136
100,000
(a)
New York State Housing Finance Agency, Housing Revenue
Bonds, 160 West 2nd Street Series 2011A-2, (Mandatory Put
4/01/32)
3.600
11/01/44
101,207
120,000
New York State Mortgage Agency, Homeowner Mortgage
Revenue Bonds, Series 223
2.650
10/01/34
109,781
100,000
New York State Mortgage Agency, Homeowner Mortgage
Revenue Bonds, Series 225
2.300
10/01/40
80,774
75,000
New York State Mortgage Agency, Homeowner Mortgage
Revenue Bonds, Series 233
2.200
04/01/36
64,378
245,000
New York State Mortgage Agency, Homeowner Mortgage
Revenue Bonds, Social Series 239
2.450
10/01/41
197,366
245,000
New York State Mortgage Agency, Homeowner Mortgage
Revenue Bonds, Social Series 242
2.950
10/01/37
225,022
35,000
New York State Mortgage Agency, Homeowner Mortgage
Revenue Bonds, Social Series 273
6.000
10/01/55
38,549
100,000
New York Transportation Development Corporation, New
York, Special Facilities Bonds, LaGuardia Airport Terminal B
Redevelopment Project, Series 2016A, (AMT)
4.000
07/01/32
99,997
230,000
New York Transportation Development Corporation, New
York, Special Facilities Bonds, LaGuardia Airport Terminal B
Redevelopment Project, Series 2016A, (AMT)
4.000
07/01/33
229,993
160,000
New York Transportation Development Corporation, New
York, Special Facilities Bonds, LaGuardia Airport Terminal B
Redevelopment Project, Series 2016A, (AMT)
5.000
07/01/34
160,128
15
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW YORK
(continued)
$
620,000
New York Transportation Development Corporation, New
York, Special Facilities Bonds, LaGuardia Airport Terminal B
Redevelopment Project, Series 2016A, (AMT)
5.000
%
07/01/41
$
620,254
70,000
New York Transportation Development Corporation, New
York, Special Facilities Bonds, LaGuardia Airport Terminal B
Redevelopment Project, Series 2016A - AGM Insured, (AMT)
4.000
07/01/46
64,193
40,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, American Airlines, Inc. John F
Kennedy International Airport Project, Refunding Series 2016,
(AMT)
5.000
08/01/26
40,029
500,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, Terminal 4 John F Kennedy
International Airport Project, Series 2022, (AMT)
5.000
12/01/29
526,902
100,000
Suffolk Tobacco Asset Securitization Corporation, New York,
Tobacco Settlement Asset-Backed Bonds, Senior Series
2021A-2
5.000
06/01/33
108,568
100,000
Utility Debt Securitization Authority, New York, Restructuring
Bonds, Series 2025TE-2
5.000
06/15/33
111,199
125,000
Utility Debt Securitization Authority, New York, Restructuring
Bonds, Series 2025TE-2
5.000
12/15/33
140,366
TOTAL NEW YORK
6,100,556
NORTH CAROLINA - 1.7%
60,000
North Carolina Capital Facilities Financing Agency, Educational
Facility Revenue Bonds, Wake Forest University, Refunding
Series 2026
5.000
01/01/36
69,640
100,000
North Carolina Housing Finance Agency, Home Ownership
Revenue Bonds, 1998 Trust Agreement Series 54-A
4.550
07/01/44
100,356
400,000
North Carolina Housing Finance Agency, Home Ownership
Revenue Bonds, 1998 Trust Agreement Series 55A
4.000
07/01/39
400,085
80,000
(e)
North Carolina Housing Finance Agency, Home Ownership
Revenue Bonds, 1998 Trust Agreement Series 61
6.500
07/01/57
92,527
100,000
North Carolina Housing Finance Agency, Home Ownership
Revenue Bonds, 1998 Trust Agreement Social Series 53-A
4.000
07/01/39
99,834
85,000
North Carolina Housing Finance Agency, Home Ownership
Revenue Bonds, 1998 Trust Agreement, Series 2020-43
2.800
01/01/40
74,428
100,000
North Carolina Housing Finance Agency, Home Ownership
Revenue Bonds, 1998 Trust Agreement, Series 2025-59A
6.250
01/01/57
113,032
730,000
North Carolina Housing Finance Agency, Home Ownership
Revenue Bonds, Social Series 2023-50
3.950
07/01/38
728,149
120,000
North Carolina Medical Care Commission, Health Care
Facilities Revenue Bonds, Advocate Health Nonprofit Credit
Group, Series 2026A-1
5.000
08/01/35
136,515
250,000
(c)
North Carolina Turnpike Authority, Monroe Expressway
Toll  Revenue Bonds, Capital Appreciation Series 2017C
0.000
07/01/27
240,294
TOTAL NORTH CAROLINA
2,054,860
NORTH DAKOTA - 1.4%
125,000
Cass County Joint Water Reserve District, North Dakota,
Temporary Improvement  Special Assessment Bonds,
Refunding Series 2024A
3.450
04/01/27
124,997
270,000
Horace, Cass County, North Dakota, General Obligation Bonds,
Refunding Improvement Series 2021
3.000
05/01/46
188,721
100,000
Horace, Cass County, North Dakota, General Obligation Bonds,
Refunding Improvement Series 2026B - BAM Insured
4.375
05/01/41
99,993
55,000
North Dakota Housing Finance Agency, Home Mortgage
Finance Program Bonds, Series 2019C
3.200
07/01/39
50,611
60,000
North Dakota Housing Finance Agency, Home Mortgage
Finance Program Bonds, Series 2020A
2.700
07/01/35
54,649
95,000
North Dakota Housing Finance Agency, Home Mortgage
Finance Program Bonds, Series 2020B
2.350
07/01/40
77,807
100,000
North Dakota Housing Finance Agency, Home Mortgage
Finance Program Bonds, Series 2021A
2.250
07/01/41
78,396
710,000
North Dakota Housing Finance Agency, Home Mortgage
Finance Program Bonds, Social Series 2022F
3.950
07/01/37
706,671
Portfolio of Investments June 30, 2026
(continued)
NIM
16
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NORTH DAKOTA
(continued)
$
45,000
North Dakota Housing Finance Agency, Home Mortgage
Program Revenue Bonds, Social Series 2025C
5.750
%
07/01/56
$
49,143
200,000
Ward County Health Care, North Dakota, Revenue Bonds,
Trinity Obligated Group, Series 2017C
5.000
06/01/28
201,739
100,000
Ward County Health Care, North Dakota, Revenue Bonds,
Trinity Obligated Group, Series 2017C
5.000
06/01/43
95,756
TOTAL NORTH DAKOTA
1,728,483
OHIO - 5.5%
155,000
Buckeye Tobacco Settlement Financing Authority, Ohio,
Tobacco Settlement Asset-Backed Revenue Bonds, Refunding
Senior Lien Series 2020A-2 Class 1
5.000
06/01/27
158,359
85,000
Buckeye Tobacco Settlement Financing Authority, Ohio,
Tobacco Settlement Asset-Backed Revenue Bonds, Refunding
Senior Lien Series 2020A-2 Class 1
5.000
06/01/29
89,740
130,000
Buckeye Tobacco Settlement Financing Authority, Ohio,
Tobacco Settlement Asset-Backed Revenue Bonds, Refunding
Senior Lien Series 2020A-2 Class 1
5.000
06/01/31
139,203
100,000
Buckeye Tobacco Settlement Financing Authority, Ohio,
Tobacco Settlement Asset-Backed Revenue Bonds, Refunding
Senior Lien Series 2020A-2 Class 1
5.000
06/01/32
107,758
260,000
Buckeye Tobacco Settlement Financing Authority, Ohio,
Tobacco Settlement Asset-Backed Revenue Bonds, Refunding
Senior Lien Series 2020A-2 Class 1
5.000
06/01/34
276,616
100,000
Buckeye Tobacco Settlement Financing Authority, Ohio,
Tobacco Settlement Asset-Backed Revenue Bonds, Refunding
Senior Lien Series 2020A-2 Class 1
5.000
06/01/35
105,856
100,000
Buckeye Tobacco Settlement Financing Authority, Ohio,
Tobacco Settlement Asset-Backed Revenue Bonds, Refunding
Senior Lien Series 2020A-2 Class 1
4.000
06/01/48
88,133
290,000
Buckeye Tobacco Settlement Financing Authority, Ohio,
Tobacco Settlement Asset-Backed Revenue Bonds, Refunding
Senior Lien Series 2020B-2 Class 2
5.000
06/01/55
227,492
480,000
Fairfield County, Ohio, Hospital Facilities Revenue Bonds,
Fairfield Medical Center Project, Series 2013
5.000
06/15/43
431,946
20,000
Montgomery County, Ohio, Hospital Facilities Revenue Bonds,
Kettering Health Network Obligated Group Project, Refunding
& Improvement Series 2021
3.000
08/01/40
17,663
150,000
Ohio Air Quality Development Authority, Ohio, Revenue
Bonds, American Electric Power Company Project, Refunding
Series 2005A, (AMT)
3.750
01/01/29
151,603
225,000
(a)
Ohio Air Quality Development Authority, Ohio, Revenue
Bonds, American Electric Power Company Project, Refunding
Series 2007A, (AMT), (Mandatory Put 10/01/29)
2.500
08/01/40
217,582
350,000
(a)
Ohio Air Quality Development Authority, Ohio, Revenue
Bonds, American Electric Power Company Project, Refunding
Series 2007B, (AMT), (Mandatory Put 10/01/29)
2.500
11/01/42
338,983
160,000
(a)
Ohio Air Quality Development Authority, Ohio, Revenue
Bonds, American Electric Power Company Project, Refunding
Series 2014B, (AMT), (Mandatory Put 10/01/29)
2.600
06/01/41
155,307
400,000
(a)
Ohio Air Quality Development Authority, Ohio, Revenue
Bonds, Dayton Power & Light Company Project, Refunding
Collateralized Series 2015A, (AMT), (Mandatory Put 6/01/27)
4.250
11/01/40
404,289
220,000
(a)
Ohio Air Quality Development Authority, Ohio, Revenue
Bonds, Dueke Energy Corporation Project, Refunding Series
2022A, (AMT), (Mandatory Put 6/01/27)
4.250
11/01/39
221,961
45,000
(b)
Ohio Air Quality Development Authority, Ohio, Revenue
Bonds, Pratt Paper Ohio, LLC Project, Series 2017, (AMT)
3.750
01/15/28
45,181
50,000
Ohio Higher Educational Facility Commission, Senior Hospital
Parking Revenue Bonds, University Circle Incorporated 2020
Project, Series 2020
5.000
01/15/36
52,022
105,000
Ohio Housing Finance Agency, Residential Mortgage Revenue
Bonds, Mortgage-Backed Securities Program, Series 2019B
3.000
09/01/39
94,895
100,000
Ohio Housing Finance Agency, Residential Mortgage Revenue
Bonds, Mortgage-Backed Securities Program, Series 2020A
2.750
09/01/40
86,533
17
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
OHIO
(continued)
$
25,000
Ohio Housing Finance Agency, Residential Mortgage Revenue
Bonds, Mortgage-Backed Securities Program, Series 2020B
2.250
%
09/01/40
$
20,235
100,000
Ohio Housing Finance Agency, Residential Mortgage Revenue
Bonds, Mortgage-Backed Securities Program, Social Series
2024A
4.350
09/01/44
102,068
100,000
Ohio Housing Finance Agency, Residential Mortgage Revenue
Bonds, Social Series 2025A
4.150
09/01/40
100,750
2,520,000
(f)
Ohio State, Turnpike Revenue Bonds, Ohio Turnpike and
Infrastructutre Commission Infrastructure Projects, Junior Lien,
Capital Appreciation Series 2013A-3
5.700
02/15/34
2,822,177
65,000
Toledo-Lucas County Port Authority, Ohio, Development
Revenue Bonds, Northwest Ohio Bond Fund, HB Magruder
Memorial Hospital Project, Series 2021F
2.250
11/15/36
53,546
70,000
Tuscarawas County Economic Development and Finance
Alliance, Ohio, Higher Education Facilities Revenue Bonds,
Ashland University, Refunding & Improvement Series 2015
5.375
03/01/27
70,009
200,000
Washington County, Ohio, Hospital Facilities Revenue Bonds,
Memorial Health System Obligated Group, Series 2022
6.375
12/01/37
215,907
TOTAL OHIO
6,795,814
OKLAHOMA - 3.4%
80,000
Bryan County School Finance Authority, Oklahoma,
Educational Facilities Lease Revenue Bonds, Durant Public
Schools Project, Refunding Series 2020
4.000
12/01/28
82,116
115,000
Bryan County School Finance Authority, Oklahoma,
Educational Facilities Lease Revenue Bonds, Durant Public
Schools Project, Series 2020
2.750
09/01/31
110,157
800,000
Caddo County Governmental Building Authority, Oklahoma,
Sales Tax Revenue Bonds, Refunding Series 2018
3.625
09/01/33
774,972
330,000
Canadian County Educational Facilities Authority, Oklahoma,
Lease Revenue Bonds, Piedmont Public Schools Project, Series
2024
4.000
08/15/34
339,316
100,000
Cleveland County Public Facilities Authority, Oklahoma,
Educational Facilities Lease Revenue Bonds, Moore Norman
Technology Center Project, Series 2021
4.000
05/01/35
102,778
285,000
Comanche County Educational Facilities Authority, Oklahoma,
Educational Facilities Lease Revenue Bonds, Elgin Public
Schools Project, Series 2017A
5.000
12/01/31
294,809
120,000
Lawton Industrial Development Authority, Oklahoma, Sales Tax
Revenue Bonds, Refunding Series 2025A
5.000
07/01/31
131,120
135,000
Oklahoma City Public Property Authority, Oklahoma, Arena
Sales Tax Revenue Bonds, Series 2026
5.000
06/01/34
154,311
35,000
Oklahoma County Finance Authority, Oklahoma, Educational
Facilities Lease Revenue Bonds, Crooked Oak Public Schools
Project, Series 2026
5.000
09/01/32
37,295
260,000
Oklahoma County Independent School District 89 Oklahoma
City, Oklahoma, General Obligation Bonds, Combined
Purpose Series 2024A
1.250
07/01/26
260,000
230,000
Oklahoma Development Finance Authority, Health System
Revenue Bonds, OU Medicine Project, Series 2018B
5.000
08/15/28
236,600
105,000
Oklahoma Development Finance Authority, Health System
Revenue Bonds, OU Medicine Project, Series 2018B
5.500
08/15/52
105,623
100,000
Oklahoma Development Finance Authority, Health System
Revenue Bonds, OU Medicine Project, Series 2018B
5.500
08/15/57
100,460
100,000
Oklahoma Development Finance Authority, Health System
Revenue Bonds, OU Medicine Project, Taxable Series 2022
5.500
08/15/37
104,412
110,000
Oklahoma Housing Finance Agency, Single Family Mortgage
Revenue Bonds, Homeownership Loan Program, Series 2020A
2.650
09/01/35
99,966
495,000
Oklahoma Housing Finance Agency, Single Family Mortgage
Revenue Bonds, Homeownership Loan Program, Series 2022A
3.800
09/01/37
492,068
45,000
Oklahoma Housing Finance Agency, Single Family Mortgage
Revenue Bonds, Homeownership Loan Program, Series 2026A
6.000
09/01/57
50,467
70,000
Oklahoma Housing Finance Agency, Single Family Mortgage
Revenue Bonds, Homeownership Loan Program, Series 2026B
6.250
09/01/57
79,845
Portfolio of Investments June 30, 2026
(continued)
NIM
18
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
OKLAHOMA
(continued)
$
200,000
Tulsa County Independent School District 5, Jenks, Oklahoma,
General Obligation Bonds, Combined Purpose Series 2026
4.000
%
06/01/31
$
210,332
85,000
Tulsa County Industrial Authority, Oklahoma, Educational
Facilities Lease Revenue Bonds, Owasso Public Schools Project,
Series 2025
5.000
09/01/31
93,798
200,000
Tulsa, Oklahoma, General Obligation Bonds, Series 2024C
0.050
10/01/37
131,115
235,000
Weatherford Industrial Trust Educational, Oklahoma, Facilities
Lease Revenue Bonds, Weatherford Public Schools Project,
Series 2019
5.000
03/01/31
246,439
TOTAL OKLAHOMA
4,237,999
OREGON - 1.5%
1,325,000
(c)
Beaverton School District 48J, Washington and Multnomah
Counties, Oregon, General Obligation Bonds, Deferred
Interest Series 2017B
0.000
06/15/31
1,099,935
70,000
Corvallis, Oregon, General Obligation Bonds, Full Faith &
Credit Series 2026
5.000
06/01/41
78,612
340,000
(a)
Oregon Health and Science University, Revenue Bonds, Green
Series 2021B-2, (Mandatory Put 2/01/32)
5.000
07/01/46
369,557
95,000
Oregon Housing and Community Services Department, Single
Family Mortgage Program Revenue Bonds, Series 2021A
2.250
07/01/41
74,477
50,000
Oregon Housing and Community Services Department, Single
Family Mortgage Program Revenue Bonds, Series 2025A
4.750
07/01/40
52,227
55,000
Oregon Housing and Community Services Department, Single
Family Mortgage Program Revenue Bonds, Series 2026A
6.250
07/01/56
62,625
60,000
Tri-County Metropolitan Transportation District, Oregon,
Capital Grant Receipt Revenue Bonds, Series 2018A
4.000
10/01/33
60,645
TOTAL OREGON
1,798,078
PENNSYLVANIA - 3.5%
15,000
Allegheny County Hospital Development Authority,
Pennsylvania, Revenue Bonds, Allegheny Health Network
Obligated Group Issue, Series 2018A
4.000
04/01/44
14,061
30,000
Allegheny County Hospital Development Authority,
Pennsylvania, Revenue Bonds, Allegheny Health Network
Obligated Group Issue, Series 2018A
4.000
04/01/44
28,760
100,000
(b)
Allentown Neighborhood Improvement Zone Development
Authority, Pennsylvania, Tax Revenue Bonds, City Center
Project, Series 2018
5.000
05/01/28
103,411
38,000
Berks County Municipal Authority, Pennsylvania, Revenue
Bonds, Tower Health Project, Series 2024A-2
6.000
06/30/34
40,320
452,000
Berks County Municipal Authority, Pennsylvania, Revenue
Bonds, Tower Health Project, Series 2024A-3
5.000
06/30/39
432,068
235,000
(f)
Berks County Municipal Authority, Pennsylvania, Revenue
Bonds, Tower Health Project, Series 2024B-1
6.000
06/30/44
177,588
79,000
Berks County Municipal Authority, Pennsylvania, Revenue
Bonds, Tower Health Project, Taxable Series 2024A-1
8.000
06/30/34
80,575
365,000
Commonwealth Financing Authority, Pennsylvania, State
Appropriation Lease Bonds, Master Settlement, Series 2018
4.000
06/01/39
360,972
170,000
(e)
Gateway School District, Allegheny County, Pennsylvania,
General Obligation Bonds, Refunding Series 2026A - BAM
Insured
5.000
10/15/30
183,642
270,000
Lehigh County Industrial Development Authority, Pennsylvania,
Pollution Control Revenue Bonds, Pennsylvania Power and
Light Company, Series 2016A
3.000
09/01/29
270,163
225,000
(a)
Luzerne County Industrial Development Authority,
Pennsylvania, Revenue Bonds, Pennsylvania-American Water
Company Project, Refunding Series 2019, (AMT), (Mandatory
Put 12/03/29)
2.450
12/01/39
212,974
150,000
(a)
Pennsylvania Economic Development Financing Authority,
Solid Waste Disposal Revenue Bonds, Republic Services Inc
Project, Series 2019B-2, (AMT), (Mandatory Put 7/15/26)
3.250
04/01/49
149,995
100,000
(a)
Pennsylvania Economic Development Financing Authority,
Solid Waste Disposal Revenue Bonds, Waste Management Inc.,
Project, Series 2013, (AMT), (Mandatory Put 8/03/26)
2.950
08/01/45
99,995
19
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
PENNSYLVANIA
(continued)
$
150,000
Pennsylvania Higher Educational Facilities Authority, Revenue
Bonds, LaSalle University, Series 2012
5.000
%
05/01/42
$
100,212
245,000
Pennsylvania Housing Finance Agency, Single Family Mortgage
Revenue Bonds, Series 2017-125A, (AMT)
3.400
10/01/32
243,602
25,000
Pennsylvania Housing Finance Agency, Single Family Mortgage
Revenue Bonds, Series 2019-128A, (AMT)
3.650
10/01/32
25,002
170,000
Pennsylvania Housing Finance Agency, Single Family Mortgage
Revenue Bonds, Series 2019-129
2.950
10/01/34
160,118
150,000
Pennsylvania Housing Finance Agency, Single Family Mortgage
Revenue Bonds, Series 2020-132A
2.300
10/01/35
131,043
200,000
Pennsylvania Housing Finance Agency, Single Family Mortgage
Revenue Bonds, Series 2020-133
2.350
10/01/40
162,938
200,000
Pennsylvania Housing Finance Agency, Single Family Mortgage
Revenue Bonds, Social Series 2022-1394A
4.000
10/01/37
201,123
500,000
Pennsylvania State, General Obligation Bonds, First Refunding
Series 2025A
5.000
08/15/33
569,183
415,000
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds,
Refunding Subordinate Third Series 2017
5.000
12/01/32
427,312
120,000
Philadelphia School District, Pennsylvania, General Obligation
Bonds, Refunding Series 2026C
5.000
09/01/31
131,936
TOTAL PENNSYLVANIA
4,306,993
PUERTO RICO - 2.5%
250,000
(b)
Puerto Rico Aqueduct and Sewerage Authority, Revenue
Bonds, Refunding Senior Lien Series 2020A
5.000
07/01/30
261,539
260,000
(b)
Puerto Rico Aqueduct and Sewerage Authority, Revenue
Bonds, Refunding Senior Lien Series 2020A
5.000
07/01/35
270,492
305,000
(c)
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
0.000
07/01/27
296,029
40,000
(c)
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
0.000
07/01/29
36,493
547,000
(c)
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
0.000
07/01/31
468,303
357,000
(c)
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
0.000
07/01/33
283,887
208,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
4.500
07/01/34
208,026
280,000
(c)
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
0.000
07/01/46
104,669
206,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Taxable Restructured Cofina Project Series
2019A-2
4.329
07/01/40
206,098
100,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Taxable Restructured Cofina Project Series
2019A-2
4.329
07/01/40
100,048
118,683
Puerto Rico, General Obligation Bonds, Restructured Series
2022A-1
5.625
07/01/27
120,920
115,000
Puerto Rico, General Obligation Bonds, Restructured Series
2022A-1
5.625
07/01/29
121,762
119,000
Puerto Rico, General Obligation Bonds, Restructured Series
2022A-1
5.750
07/01/31
129,924
302,000
(c)
Puerto Rico, General Obligation Bonds, Restructured Series
2022A-1
0.000
07/01/33
221,605
177,000
Puerto Rico, General Obligation Bonds, Restructured Series
2022A-1
4.000
07/01/33
179,419
50,000
Puerto Rico, General Obligation Bonds, Restructured Series
2022A-1
4.000
07/01/35
50,478
TOTAL PUERTO RICO
3,059,692
Portfolio of Investments June 30, 2026
(continued)
NIM
20
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
RHODE ISLAND - 0.5%
$
100,000
Rhode Island Health and Educational Building Corporation,
Hospital Financing Revenue Bonds, Care New England Issue,
Refunding Series 2016B
5.000
%
09/01/36
$
100,003
180,000
Rhode Island Housing & Mortgage Finance Corporation,
Homeownership Opportunity Bond Program, 2021 Series 75A
2.250
10/01/41
140,717
205,000
Rhode Island Housing & Mortgage Finance Corporation,
Homeownership Opportunity Bond Program, 2022 Series 76A
2.350
10/01/36
176,177
50,000
Rhode Island Housing and Mortgage Finance Corporation,
Homeownership Opportunity Bond Program, Series 2020-72A
2.550
10/01/40
41,548
110,000
Rhode Island State, General Obligation Bonds, Consolidated
Capital Development Loan, Series 2022A
5.000
08/01/35
122,285
45,000
Rhode Island Tobacco Settlement Financing Corporation,
Tobacco Settlement Asset-Backed Bonds, Series 2015B
4.500
06/01/45
44,997
TOTAL RHODE ISLAND
625,727
SOUTH CAROLINA - 1.5%
125,000
Medical University Hospital Authority, South Carolina, FHA-
Insured Mortgage Revenue Bonds, Nexton Project, Series 2026
5.250
11/15/36
138,345
170,000
South Carolina Housing Finance and Development Authority,
Mortgage Revenue Bonds, Series 2021A
2.050
07/01/41
131,045
965,000
South Carolina Housing Finance and Development Authority,
Mortgage Revenue Bonds, Series 2023A
4.750
07/01/43
996,757
25,000
South Carolina Housing Finance and Development Authority,
Mortgage Revenue Bonds, Series 2025A
4.150
07/01/40
25,009
150,000
South Carolina Housing Finance and Development Authority,
Mortgage Revenue Bonds, Series 2025A
4.500
07/01/45
150,212
110,000
South Carolina Housing Finance and Development Authority,
Mortgage Revenue Bonds, Series 2025C
6.250
01/01/56
123,387
90,000
South Carolina Housing Finance and Development Authority,
Mortgage Revenue Bonds, Series 2026A
6.000
07/01/56
100,007
110,000
(a)
South Carolina Jobs Economic Development Authority,
Economic Development Revenue Bonds, Foothill Affordable
Housing Foundation - Paddock Club & Fairway Projects, Senior
Credit Enhanced Series 2025, (Mandatory Put 3/01/35)
4.000
03/01/62
110,615
55,000
South Carolina Jobs-Economic Dev Auth, Revenue Bonds,
International Paper Company Project, Refunding Environmental
Improvement Series 2023A, (AMT)
3.950
04/01/33
55,381
15,000
South Carolina Jobs-Economic Development Authority,
Hospital Revenue Bonds, Bon Secours Mercy Health, Inc, Series
2020A
4.000
12/01/44
14,352
TOTAL SOUTH CAROLINA
1,845,110
SOUTH DAKOTA - 0.9%
75,000
South Dakota Housing Development Authority,
Homeownership Mortgage Revenue Bonds, Series 2021A
2.100
11/01/41
57,673
110,000
South Dakota Housing Development Authority,
Homeownership Mortgage Revenue Bonds, Series 2021B
2.050
11/01/41
84,449
110,000
South Dakota Housing Development Authority,
Homeownership Mortgage Revenue Bonds, Series 2022B
2.300
11/01/37
91,509
225,000
South Dakota Housing Development Authority,
Homeownership Mortgage Revenue Bonds, Series 2024C
4.000
11/01/37
224,901
400,000
South Dakota Housing Development Authority,
Homeownership Mortgage Revenue Bonds, Series 2024C
4.500
11/01/44
400,155
125,000
South Dakota Housing Development Authority,
Homeownership Mortgage Revenue Bonds, Series 2025A
4.200
11/01/40
125,641
100,000
South Dakota Housing Development Authority,
Homeownership Mortgage Revenue Bonds, Series 2025E
6.250
05/01/56
113,000
65,000
South Dakota Housing Development Authority,
Homeownership Mortgage Revenue Bonds, Series 2026A
6.000
11/01/56
72,893
TOTAL SOUTH DAKOTA
1,170,221
21
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TENNESSEE - 1.2%
$
250,000
Metropolitan Nashville Airport Authority, Tennessee, Airport
Improvement Revenue Bonds, Series 2026B, (AMT)
5.000
%
07/01/35
$
279,750
100,000
(a)
Rutherford County Health and Educational Facilities Board,
Tennessee, Revenue Bonds, Ascension Health Group, Series
2025B-1, (Mandatory Put 11/15/30)
5.000
11/15/48
107,815
50,000
(a)
Tennergy Corporation, Tennessee, Gas Revenue Bonds, Series
2021A, (Mandatory Put 9/01/28)
4.000
12/01/51
50,640
165,000
(a)
Tennergy Corporation, Tennessee, Gas Revenue Bonds, Series
2022A, (Mandatory Put 12/01/30)
5.500
10/01/53
175,916
110,000
Tennessee Energy Acquisition Corporation, Gas Revenue
Bonds, Series 2026A
5.000
11/01/34
117,638
65,000
Tennessee Housing Development Agency, Residential Finance
Program Bonds, Series 2021-3
2.300
07/01/41
51,498
100,000
Tennessee Housing Development Agency, Residential Finance
Program Bonds, Series 2022-2
4.050
07/01/37
100,526
375,000
Tennessee Housing Development Agency, Residential Finance
Program Bonds, Social Series 2023-3A
5.200
07/01/43
399,304
100,000
Tennessee Housing Development Agency, Residential Finance
Program Bonds, Tender Option Bond Trust Series 2023-XL0448
4.150
07/01/38
100,333
90,000
The Tennessee Energy Acquisition Corporation, Gas Project
Revenue Bonds, Refunding Series 2025A
5.000
12/01/35
95,248
TOTAL TENNESSEE
1,478,668
TEXAS - 8.2%
40,000
Austin Convention Enterprises Inc., Texas, Convention Center
Hotel Revenue Bonds, Refunding First Tier Series 2017A
5.000
01/01/28
40,176
55,000
Austin Convention Enterprises Inc., Texas, Convention Center
Hotel Revenue Bonds, Refunding First Tier Series 2017A
5.000
01/01/30
55,212
130,000
Austin, Texas, Airport System Revenue Bonds, Refunding AMT
Series 2026B, (AMT)
5.000
11/15/32
143,310
500,000
Board of Regents of the University of Texas System, Revenue
Financing System Bonds, Series 2025A
5.000
08/15/28
525,542
25,000
City of Houston, Texas, Convention & Entertainment Facilities
Department Hotel Occupancy Tax and Special Revenue Bonds,
Refunding Series 2019
5.000
09/01/34
25,961
300,000
Dallas Fort Worth International Airport, Texas, Joint Revenue
Bonds, Refunding & Improvement Series 2025A-1, (AMT)
5.000
11/01/30
323,211
135,000
Dallas Independent School District, Dallas County, Texas,
General Obligation Bonds, School Building Series 2026A
5.000
02/15/34
153,785
1,000,000
Dallas, Texas, General Obligation Bonds, Refunding and
Improvement Series 2024B
5.000
02/15/27
1,015,339
150,000
Dallas, Texas, Waterworks and Sewer System Revenue Bonds,
Refunding Series 2017
4.000
10/01/40
147,964
215,000
Eagle Mountain and Saginaw Independent School District,
Tarrant County, Texas, General Obligation Bonds, Refunding
Series 2025A
5.000
08/15/33
244,452
50,000
Fort Bend County Industrial Development Corporation, Texas,
Revenue Bonds, NRG Energy Inc. Project, Series 2012B
4.750
11/01/42
50,014
80,000
(e)
Grand Prairie Independent School District, Dallas County,
Texas, General Obligation Bonds, Refunding Series 2026A
5.000
02/15/31
87,538
110,000
(a)
Harris County Cultural Education Facilities Finance
Corporation, Texas, Hospital Revenue Bonds, Memorial
Hermann Health System, Series 2022B, (Mandatory Put
12/01/28)
5.000
06/01/50
115,018
170,000
Harris County Cultural Education Facilities Finance
Corporation, Texas, Revenue Bonds, Texas Medical Center,
Refunding Series 2026
5.000
12/01/29
182,042
705,000
(c)
Hidalgo County Regional Mobility Authority, Texas, Toll and
Vehicle Registration Fee Revenue Bonds, Senior Lien Series
2022A
0.000
12/01/42
325,425
465,000
Houston, Texas, Airport System Revenue Bonds, Refunding
Subordinate Lien Series 2023A - AGM Insured, (AMT)
5.000
07/01/32
510,755
Portfolio of Investments June 30, 2026
(continued)
NIM
22
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TEXAS
(continued)
$
50,000
Houston, Texas, Airport System Special Facilities Revenue
Bonds, United Airlines, Inc. Terminal E Project, Refunding Series
2014, (AMT)
5.000
%
07/01/29
$
50,060
150,000
Houston, Texas, Airport System Special Facilities Revenue
Bonds, United Airlines, Inc. Terminal Improvements Project,
Series 2024B, (AMT)
5.250
07/15/34
161,771
500,000
Houston, Texas, Combined Utility System Revenue Bonds,
Refunding First Lien Series 2014D
5.000
11/15/39
500,648
180,000
Houston, Texas, Hotel Occupancy Tax and Special Revenue
Bonds, Convention and Entertainment Facilities Department,
Refunding First Lien Series 2026C
5.000
09/01/45
194,123
40,000
Hutto, Texas, Certificates of Obligation Bonds, Combination Tax
& Waterworks & Sewer System Revenue Series 2026
4.000
08/01/43
39,603
200,000
Klein Independent School District, Harris County, Texas,
General Obligation Bonds, Schoolhouse Refunding Series
2019
5.000
02/01/43
207,042
430,000
Love Field Airport Modernization Corporation, Texas, General
Airport Revenue Bonds Series 2015, (AMT)
5.000
11/01/28
431,122
100,000
McCamey County Hospital District, Texas, General Obligation
Bonds, Series 2013
5.250
12/01/28
100,053
100,000
(b)
Mission Economic Development Corporation, Texas, Revenue
Bonds, Natgasoline Project, Senior Lien Series 2018, (AMT)
4.625
10/01/31
100,160
100,000
(a)
Mission Economic Development Corporation, Texas,
Solid Waste Disposal Revenue Bonds, Graphic Packaging
International, LLC Project, Green Series 2025, (AMT),
(Mandatory Put 6/01/30)
5.000
12/01/64
103,717
100,000
(a)
Mission Economic Development Corporation, Texas,
Solid Waste Disposal Revenue Bonds, Graphic Packaging
International, LLC Project, Green Series 2026, (AMT),
(Mandatory Put 6/01/30)
5.000
12/01/64
103,754
100,000
(a)
Mission Economic Development Corporation, Texas, Solid
Waste Disposal Revenue Bonds, Republic Services Inc. Project,
Adjustable Rate Series 2020A, (AMT), (Mandatory Put 8/03/26)
2.950
05/01/50
99,981
245,000
(d),(f)
North Texas Tollway Authority, Special Projects System Revenue
Bonds, Convertible Capital Appreciation Series 2011C, (Pre-
refunded 9/01/31)
7.000
09/01/43
288,466
500,000
(d),(f)
North Texas Tollway Authority, Special Projects System Revenue
Bonds, Convertible Capital Appreciation Series 2011C, (Pre-
refunded 9/01/31)
6.750
09/01/45
593,264
110,000
North Texas Tollway Authority, System Revenue Bonds,
Refunding First Tier Series 2023A
5.000
01/01/27
111,345
100,000
(b)
Port Beaumont Navigation District, Jefferson County, Texas,
Dock and Wharf Facility Revenue Bonds, Jefferson Gulf Coast
Energy Project, Series 2021A, (AMT)
2.750
01/01/36
79,579
300,000
(b)
Port Beaumont Navigation District, Jefferson County, Texas,
Dock and Wharf Facility Revenue Bonds, Jefferson Gulf Coast
Energy Project, Series 2021A, (AMT)
2.875
01/01/41
221,357
100,000
(b)
Port Beaumont Navigation District, Jefferson County, Texas,
Dock and Wharf Facility Revenue Bonds, Jefferson Gulf Coast
Energy Project, Series 2021A, (AMT)
3.000
01/01/50
64,590
100,000
Round Rock, Texas, Combined Tax and Revenue Certificates of
Obligation, Series 2021C
2.000
08/15/46
65,727
70,000
(a)
Tarrant County Cultural Education Facilities Finance
Corporation, Texas, Hospital Revenue Bonds, Scott & White
Healthcare Project, Series 2026F, (Mandatory Put 5/01/30)
5.000
11/15/55
75,034
100,000
(a)
Tarrant County Cultural Education Facilities Finance
Corporation, Texas, Revenue Bonds, Texas Health Resources
System, Series 2025C, (Mandatory Put 11/15/32)
5.000
11/15/64
110,694
100,000
Texas Department of Housing and Community Affairs,
Residential Mortgage Revenue Bonds, Refunding Series 2026A
6.000
01/01/57
112,164
100,000
Texas Department of Housing and Community Affairs, Single
Family Mortgage Revenue Bonds, Series 2021A
2.050
09/01/41
76,926
23
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TEXAS
(continued)
$
340,000
(a)
Texas Municipal Gas Acquisition and Supply Corporation IV,
Gas Supply Revenue Bonds, Series 2023A, (Mandatory Put
1/01/30)
5.500
%
01/01/54
$
360,287
150,000
(a)
Texas Municipal Gas Acquisition and Supply Corporation IV,
Gas Supply Revenue Bonds, Series 2023B, (Mandatory Put
1/01/34)
5.500
01/01/54
164,085
220,000
Texas Municipal Gas Acquisition and Supply Corporation VI,
Gas Supply Revenue Bonds, Series 2025
5.000
01/01/36
233,180
530,000
Texas Private Activity Bond Surface Transporation Corporation,
Revenue Bonds, NTE Mobility Partners LLC North Tarrant
Express Managed Lanes Project, Refunding Senior Lien Series
2019A
4.000
12/31/38
524,263
150,000
Texas Private Activity Bond Surface Transportation Corporation,
Senior Lien Revenue Bonds, LBJ Infrastructure Group LLC IH-
635 Managed Lanes Project, Refunding  Series 2020A
4.000
06/30/35
150,919
50,000
Texas State Transportation Commission, General Obligation
Bonds, Mobility Fund Refunding Series 2025
5.000
10/01/36
57,451
250,000
(e)
Texas State, General Obligation Bonds, College Student Loan,
Refunding Series 2026, (AMT)
5.000
08/01/31
272,087
215,000
Texas Transportation Commission, General Obligation Bonds,
Highway Improvement Refunding Series 2024
5.000
04/01/28
224,339
300,000
Texas Water Development Board, State Water Implementation
Revenue Fund Bonds, Master Trust Series 2025
5.000
10/15/33
341,693
TOTAL TEXAS
10,165,228
UTAH - 0.4%
100,000
Salt Lake City, Utah, Airport Revenue Bonds, International
Airport Series 2017A, (AMT)
5.000
07/01/37
101,429
250,000
Salt Lake City, Utah, Airport Revenue Bonds, International
Airport Series 2023A, (AMT)
5.250
07/01/36
278,309
135,000
Utah Housing Corporation, Single Family Mortgage Bonds,
Series 2024E
4.600
07/01/44
135,871
TOTAL UTAH
515,609
VIRGINIA - 2.1%
200,000
Fairfax County, Virginia, General Obligation Bonds, Public
Improvement Series 2026A
5.000
10/01/29
215,879
148,733
(a)
Federal Home Loan Mortgage Corporation, Virginia,
Multifamily Variable Rate Certificates Relating to Municipal
Securities Class A Green Series 2024ML-028
4.534
11/25/42
147,595
64,787
(a)
Federal Home Loan Mortgage Corporation, Virginia,
Multifamily Variable Rate Certificates Relating to Municipal
Securities Series 2025ML-031
4.496
06/25/42
65,658
75,000
(a)
Federal Home Loan Mortgage Corporation, Virginia,
Multifamily Variable Rate Certificates Relating to Municipal
Securities Series 2026ML-035.
5.059
01/25/43
81,495
240,000
Richmond, Virginia, General Obligation Bonds, Public
Improvement Series 2026A
5.000
01/15/34
276,164
250,000
Richmond, Virginia, General Obligation Bonds, Public
Improvement Series 2026A
5.000
01/15/36
292,848
100,000
Virginia Housing Development Authority, Commonwealth
Mortgage Bonds, Series 2023E-3
4.000
10/01/39
100,350
100,000
Virginia Housing Development Authority, Commonwealth
Mortgage Bonds, Series 2023E-5
4.150
07/01/40
100,788
45,000
Virginia Housing Development Authority, Commonwealth
Mortgage Bonds, Series 2024F-2
4.700
07/01/40
46,876
100,000
Virginia Housing Development Authority, Rental Housing
Bonds, Series 2024H
3.625
06/01/29
100,026
50,000
Virginia Housing Development Authority, Rental Housing
Bonds, Series 2025A
4.100
09/01/40
49,760
250,000
Virginia Small Business Financing Authority, Revenue Bonds, 95
Express Lanes LLC Project, Refunding Senior Lien Series 2022,
(AMT)
5.000
07/01/36
263,781
Portfolio of Investments June 30, 2026
(continued)
NIM
24
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
VIRGINIA
(continued)
$
150,000
Virginia Small Business Financing Authority, Revenue Bonds, 95
Express Lanes LLC Project, Refunding Senior Lien Series 2022,
(AMT)
5.000
%
01/01/38
$
157,190
115,000
Virginia Small Business Financing Authority, Revenue Bonds, 95
Express Lanes LLC Project, Refunding Senior Lien Series 2022,
(AMT)
5.000
12/31/38
121,243
515,000
Virginia Small Business Financing Authority, Revenue Bonds, 95
Express Lanes LLC Project, Refunding Senior Lien Series 2022,
(AMT)
5.000
12/31/39
540,900
TOTAL VIRGINIA
2,560,553
WASHINGTON - 2.5%
135,000
King and Snohomish Counties School District 417 Northshore,
Washington, General Obligation Bonds, Refunding Series 2025
5.000
12/01/34
155,850
155,000
Port of Seattle, Washington, Revenue Bonds, Intermediate Lien
Series 2017C, (AMT)
5.000
05/01/31
157,581
500,000
Port of Seattle, Washington, Revenue Bonds, Intermediate Lien
Series 2018A, (AMT)
5.000
05/01/31
508,324
65,000
(a)
Washington Health Care Facilities Authority, Revenue Bonds,
CommonSpirit Health, Series 2019B-3, (Mandatory Put
8/01/26)
5.000
08/01/49
65,066
100,000
Washington State Housing Finance Commission, Single Family
Program Bonds, Series 2021-1N
2.200
06/01/41
77,758
404,459
Washington State Housing Finance Commission, Social
Municipal Certificates Multifamily Revenue Bonds, Series 2021-
1 Class A
3.500
12/20/35
390,592
128,179
(a)
Washington State Housing Finance Commission, Social
Municipal Certificates Multifamily Revenue Bonds, Series
2024A-1
4.085
03/01/50
126,191
610,000
Washington State, General Obligation Bonds, Motor Vehicle
Fuel Tax & Vehicle Related Fees, Refunding Series R-2024C
5.000
08/01/27
626,657
360,000
Washington State, General Obligation Bonds, Refunding
Various Purpose Series R-2018D
5.000
08/01/27
369,831
595,000
Whidbey Island Public Hospital District, Island County,
Washington, General Obligation Bonds, Whidbey General
Hospital, Series 2013
5.500
12/01/33
578,165
TOTAL WASHINGTON
3,056,015
WEST VIRGINIA - 0.6%
100,000
(b)
Monongalia County Commission, West Virginia, Special District
Excise Tax Revenue Bonds, University Town Centre Economic
Opportunity Development District, Refunding & Improvement
Series 2017A
4.500
06/01/27
100,691
50,000
(a),(b)
West Virginia Economic Development Authority, Solid Waste
Disposal Facilities Revenue Bonds, Core Natural Resources,
INC Project, AMT Series 2025, (AMT), (Mandatory Put 3/27/35)
5.450
01/01/55
54,578
120,000
(a),(b)
West Virginia Economic Development Authority, Solid Waste
Disposal Facilities Revenue Bonds, Core Natural Resources,
INC Project, AMT Series 2025, (AMT), (Mandatory Put 5/15/32)
4.625
04/15/55
123,878
265,000
West Virginia Hospital Finance Authority, Revenue Bonds,
West Virginia University Health System Obligated Group,
Improvement Series 2017A
3.375
06/01/29
264,430
145,000
West Virginia Housing Development Fund, Housing Finance
Revenue Bonds, Social Series 2024A
4.400
11/01/44
145,822
TOTAL WEST VIRGINIA
689,399
WISCONSIN - 4.3%
500,000
Milwaukee, Wisconsin, General Obligation Bonds, Promissory
Notes Series 2024-N1 - AGM Insured
5.000
04/01/30
536,935
600,000
(b)
Public Finance Authority of Wisconsin, Limited Obligation
PILOT Revenue Bonds, American Dream @ Meadowlands
Project, Series 2017
3.770
12/01/37
468,000
20,000
(a)
Public Finance Authority of Wisconsin, Pollution Control
Revenue Bonds, Duke Energy Progress Project, Refunding
Series 2022A-2, (Mandatory Put 10/01/26)
3.300
10/01/46
19,989
25
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
WISCONSIN
(continued)
$
355,000
(a)
Public Finance Authority of Wisconsin, Pollution Control
Revenue Bonds, Duke Energy Progress Project, Refunding
Series 2022A-2, (Mandatory Put 10/01/30)
3.700
%
10/01/46
$
365,511
355,000
Public Finance Authority of Wisconsin, Solid Waste Disposal
Revenue Bonds, Waste Management Inc., Refunding Series
2016A-2
2.875
05/01/27
353,515
65,000
Public Finance Authority, Wisconsin, Exempt Facilities Revenue
Bonds, Celanese Project, Refunding Series 2016C
4.050
11/01/30
64,823
125,000
Public Finance Authority, Wisconsin, Exempt Facilities Revenue
Bonds, Celanese Project, Refunding Series 2016C
4.300
11/01/30
125,001
100,000
Sheboygan Area School District, Manitowoc and Sheboygan
Counties, Wisconsin, General Obligation Bonds, Promissory
Notes Series 2024
3.000
03/01/40
91,216
115,000
West Allis-West Milwaukee, et al School District, Wisconsin,
General Obligation Bonds, Promissory Notes Series 2025
3.000
04/01/39
106,218
40,000
Wisconsin Health and Educational Facilities Authority, Revenue
Bonds, PHW Muskego, Inc. Project, Series 2021
4.000
10/01/41
35,811
80,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Gundersen Health System,
Refunding Series 2021A
4.000
10/15/34
82,005
200,000
(a),(d)
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Marshfield Clinic Health System,
Inc., Series 2020B-2, (Pre-refunded 8/15/26), (Mandatory Put
2/15/27)
5.000
02/15/51
200,549
1,555,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, ThedaCare Inc, Series 2015
5.000
12/15/26
1,556,564
715,000
Wisconsin Housing and Ecconomic Development Authority,
Home Ownership Revenue Bonds, Series 2020A
2.700
09/01/35
649,331
285,000
Wisconsin Housing and Economic Development Authority,
Home Ownership Revenue Bonds, Social Series 2024C
4.125
09/01/39
284,335
100,000
Wisconsin Housing and Economic Development Authority,
Housing Revenue Bonds, Series 2021C
2.500
11/01/41
79,511
15,000
(a)
Wisconsin Housing and Economic Development Authority,
Housing Revenue Bonds, Series 2023E, (Mandatory Put
5/01/27)
3.875
11/01/54
15,009
240,000
Wisconsin State, General Obligation Bonds, Refunding Series
2024-1
5.000
05/01/32
269,674
TOTAL WISCONSIN
5,303,997
WYOMING - 0.3%
210,000
Campbell County, Wyoming Solid Waste Facilities Revenue
Bonds, Basin Electric Power Cooperative, Dry Fork Station
Facilities, Series 2019A
3.625
07/15/39
196,664
85,000
Wyoming Community Development Authority, Housing
Revenue Bonds, 2020 Series 1
2.625
12/01/35
76,684
60,000
Wyoming Community Development Authority, Housing
Revenue Bonds, 2023 Series 1
4.200
12/01/38
60,657
TOTAL WYOMING
334,005
TOTAL MUNICIPAL BONDS
(Cost $121,593,214)
120,633,022
TOTAL LONG-TERM INVESTMENTS
(Cost $122,415,106)
121,412,206
Portfolio of Investments June 30, 2026
(continued)
NIM
26
All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the
applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not
include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in
financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For
a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund’s investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/
Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an
independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to
maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements
for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs
are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about
the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the
circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit
spreads, etc.).
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of
investments).
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM INVESTMENTS -  0.7%
800,000
MUNICIPAL BONDS - 0.7%
800,000
MICHIGAN - 0.7%
$
800,000
(g)
University of Michigan, General Revenue Bonds, Variable Rate
Demand Obligation Series 2012A
2.450
%
04/01/36
$
800,000
TOTAL MICHIGAN
800,000
TOTAL MUNICIPAL BONDS
(Cost $800,000)
800,000
TOTAL SHORT-TERM INVESTMENTS
(Cost $800,000)
800,000
TOTAL INVESTMENTS - 98.6%
(Cost $123,215,106)
122,212,206
BORROWINGS - (0.2)% (h)
(254,410)
OTHER ASSETS & LIABILITIES, NET -  1.6%
2,013,253
NET ASSETS APPLICABLE TO COMMON SHARES - 100%
$
123,971,049
AMT
Alternative Minimum Tax
ETM
Escrowed to maturity
MBS
Mortgage-Backed Security
(a)
Floating or variable rate security includes the reference rate and spread, when applicable.  For mortgage-backed or asset-backed
securities the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end.
(b)
Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid
and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.
As of the end of the fiscal period, the aggregate value of these securities is $6,013,640 or 4.9% of Total Investments.
(c)
Zero coupon bond: Security does not pay a regular interest coupon to its holders during the life of the obligation or for an initial
period after the issuance of the obligation. Income to the holder of the bond is earned from accretion of discount, the difference
between the original purchase price of the bond at issuance and the par value of the bond at maturity.
(d)
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely
payment of principal and interest.
(e)
When-issued or delayed delivery security.
(f)
Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding.
The rate shown is the coupon as of the end of the fiscal period.
(g)
Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term
investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect as of the end of the
reporting period. This rate changes periodically based on market conditions or a specified market index.
(h)
Borrowings as a percentage of Total Investments is 0.2%.
27
The following table summarizes the market value of the Fund's investments, and the fair value of certain other assets and liabilities, when applica-
ble, as of the end of the reporting period, based on the inputs used to value them:
NIM
Level 1
Level 2
Level 3
Total
Long-Term Investments:
Mortgage-Backed Securities
$
–
$
779,184
$
–
$
779,184
Municipal Bonds
–
120,633,022
–
120,633,022
Short-Term Investments:
Municipal Bonds
–
800,000
–
800,000
$
–
$
122,212,206
$
–
$
122,212,206
Liabilities at Fair Value:
Borrowings
$
–
$
254,410
$
–
$
254,410
$
–
$
254,410
$
–
$
254,410
Assets at Fair Value:
Receivable for sale of Vistra Vision interest
$
–
$
1,098,068
$
–
$
1,098,068
$
–
$
1,098,068
$
–
$
1,098,068