1
Portfolio of Investments June 30, 2026
NXP
(Unaudited)
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LONG-TERM INVESTMENTS - 101.1%
917098861
MUNICIPAL BONDS - 101.1%
917098861
ALABAMA - 0.5%
$
1,450,000
Jefferson County, Alabama, Sewer Revenue Warrants, Series
2024
5
.500
%
10/01/53
$
1,527,485
3,000,000
Southeast Energy Authority, Alabama, A Cooperative District
Energy Supply Revenue Bonds Series 2024A
5
.000
11/01/35
3,132,736
TOTAL ALABAMA
4,660,221
ARIZONA - 4.0%
255,000
Arizona Industrial Development Authority, Arizona, Education
Facility Revenue Bonds, Basis Schools, Inc. Projects, Series
2017F
3
.000
07/01/26
255,000
2,350,000
Arizona Industrial Development Authority, Arizona, Education
Facility Revenue Bonds, Basis Schools, Inc. Projects, Series
2017F
5
.000
07/01/47
2,357,691
1,462,000
Floreo at Teravalis Community Facilities District, Arizona,
Special Assessment Revenue Bonds, District 1 Series 2025
4
.500
07/01/30
1,473,264
1,000,000
(a)
Maricopa County Industrial Development Authority, Arizona,
Education Revenue Bonds, Legacy Traditional Schools Projects,
Series 2021A
4
.000
07/01/51
824,545
1,465,000
(a)
Maricopa County Industrial Development Authority, Arizona,
Education Revenue Bonds, Legacy Traditional Schools Projects,
Taxable Series 2019B
5
.000
07/01/54
1,380,612
2,000,000
(b)
Maricopa County Industrial Development Authority, Arizona,
Revenue Bonds, Banner Health, Refunding Series 2016A, (Pre-
refunded 1/01/27)
5
.000
01/01/38
2,022,152
1,950,000
McAllister Academic Village LLC, Arizona, Revenue Bonds,
Arizona State University Hassayampa Academic Village Project,
Refunding Series 2016
5
.000
07/01/37
1,952,358
3,185,000
Phoenix Civic Improvement Corporation, Arizona, Airport
Revenue Bonds, Junior Lien Series 2019A
5
.000
07/01/44
3,305,586
5,000,000
Phoenix Civic Improvement Corporation, Arizona, Airport
Revenue Bonds, Junior Lien Series 2019B, (AMT)
5
.000
07/01/49
5,040,080
3,000,000
Queen Creek, Arizona, Excise Tax & State Shared Revenue
Obligation Bonds, Series 2018A
5
.000
08/01/47
3,069,073
3,410,000
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue
Bonds, Citigroup Energy Inc Prepay Contract Obligations,
Series 2007
5
.000
12/01/37
3,593,902
10,000,000
Yuma Industrial Development Authority, Arizona, Hospital
Revenue Bonds, Yuma Regional Medical Center, Series 2024A
5
.250
08/01/49
10,667,252
TOTAL ARIZONA
35,941,515
ARKANSAS - 0.4%
500,000
(a)
Arkansas Development Finance Authority, Charter School
Revenue Bonds, Academy of Math and Science - Little Rock
Project Series 2024A
7
.000
07/01/59
487,154
6,555,000
(c)
Arkansas Development Finance Authority, Tobacco Settlement
Revenue Bonds, Arkansas Cancer Research Center Project,
Series 2006 - AMBAC Insured
0
.000
07/01/46
2,487,104
500,000
Pulaski County, Arkansas, Hospital Revenue Bonds, Arkansas
Children's Hospital, Series 2023
5
.000
03/01/43
528,826
TOTAL ARKANSAS
3,503,084
CALIFORNIA - 18.6%
11,000,000
(c)
Alhambra Unified School District, Los Angeles County,
California, General Obligation Bonds, Capital Appreciation
Series 2009B - AGC Insured
0
.000
08/01/41
6,322,941
4,245,000
(c)
Anaheim City School District, Orange County, California,
General Obligation Bonds, Election 2002 Series 2007 - AGM
Insured
0
.000
08/01/31
3,654,378
2,840,000
(c)
Anaheim Public Financing Authority, California, Lease Revenue
Bonds, Public Improvement Project, Series 1997C - AGM
Insured
0
.000
09/01/30
2,515,064
Portfolio of Investments June 30, 2026
(continued)
NXP
2
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CALIFORNIA
(continued)
$
6,740,000
(b),(c)
Anaheim Public Financing Authority, California, Lease Revenue
Bonds, Public Improvement Project, Series 1997C - AGM
Insured, (ETM)
0
.000
%
09/01/35
$
5,104,553
5,760,000
(c)
Anaheim Public Financing Authority, California, Lease Revenue
Bonds, Public Improvement Project, Series 1997C - AGM
Insured
0
.000
09/01/35
4,238,173
20,000
Brentwood Infrastructure Financing Authority, California,
Infrastructure Revenue Bonds, Refunding Subordinated Series
2014B
5
.000
09/02/36
20,013
1,175,000
Burbank-Glendale-Pasadena Airport Authority, California,
Airport Revenue Bonds, Senior Series 2024B, (AMT)
5
.250
07/01/54
1,229,530
620,000
Butte-Glenn Community College District, Butte and Glenn
Counties, California, General Obligation Bonds, Election 2016
Series 2017A
5
.250
08/01/46
630,217
1,840,000
(d)
California Community Choice Financing Authority, Clean
Energy Project Revenue Bonds, Green Series 2025C,
(Mandatory Put 10/01/33)
5
.000
12/01/55
1,930,706
545,000
(a)
California Community Housing Agency, California, Essential
Housing Revenue Bonds, Creekwood, Series 2021A
4
.000
02/01/56
360,690
590,000
(a)
California Community Housing Agency, California, Essential
Housing Revenue Bonds, Glendale Properties, Junior Series
2021A-2
4
.000
08/01/47
472,280
191,365
(a)
California Community Housing Agency, California, Essential
Housing Revenue Bonds, Serenity at Larkspur Apartments,
Series 2020A
5
.000
02/01/50
3,636
140,000
California County Tobacco Securitization Agency, Tobacco
Settlement Asset-Backed Bonds, Los Angeles County
Securitization Corporation, Series 2020A
4
.000
06/01/49
127,343
410,000
(b)
California Health Facilities Financing Authority, California,
Revenue Bonds, Sutter Health, Refunding Series 2016B, (Pre-
refunded 11/15/26)
5
.000
11/15/46
413,855
2,590,000
California Health Facilities Financing Authority, California,
Revenue Bonds, Sutter Health, Refunding Series 2016B
5
.000
11/15/46
2,596,966
1,000,000
California Health Facilities Financing Authority, Revenue Bonds,
Adventist Health System/West, Refunding Series 2016A
4
.000
03/01/39
966,147
1,240,000
California Health Facilities Financing Authority, Revenue Bonds,
City of Hope National Medical Center, Series 2019
4
.000
11/15/45
1,149,600
35,000
(b)
California Health Facilities Financing Authority, Revenue Bonds,
CommonSpirit Health, Series 2020A, (Pre-refunded 4/01/30)
4
.000
04/01/49
36,989
765,000
California Health Facilities Financing Authority, Revenue Bonds,
CommonSpirit Health, Series 2020A
4
.000
04/01/49
709,325
1,000,000
California Health Facilities Financing Authority, Revenue Bonds,
Kaiser Permanente System, Series 2017A-2
4
.000
11/01/44
968,456
70,000
California Health Facilities Financing Authority, Revenue Bonds,
Providence Health & Services, Refunding Series 2014A
5
.000
10/01/38
70,073
255,000
California Health Facilities Financing Authority, Revenue Bonds,
Providence Health & Services, Series 2014B
5
.000
10/01/44
255,176
528,453
California Housing Finance Agency, Municipal Certificate
Revenue Bonds, Class A Series 2019-2
4
.000
03/20/33
538,745
495,164
California Housing Finance Agency, Municipal Certificate
Revenue Bonds, Class A Series 2021-1
3
.500
11/20/35
491,840
78,460
California Housing Finance Agency, Municipal Certificate
Revenue Bonds, Class A Series2019-1
4
.250
01/15/35
81,407
499,099
California Housing Finance Agency, Municipal Certificate
Revenue Bonds, Class A Social Certificates Series 2023-1
4
.375
09/20/36
511,315
1,000,000
California Infrastructure and Economic Development Bank,
Clean Water and Drinking Water State Revolving Fund Revenue
Bonds, Green Series 2025
4
.125
10/01/47
1,012,003
1,040,000
California Infrastructure and Economic Development Bank,
Revenue Bonds, Adventist Health Energy Projects, Series
2024A
5
.250
07/01/54
1,069,893
35,000
California Municipal Finance Authority, Revenue Bonds,
Eisenhower Medical Center, Refunding Series 2017A
5
.000
07/01/47
35,071
3
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CALIFORNIA
(continued)
$
130,000
California Municipal Finance Authority, Revenue Bonds,
NorthBay Healthcare Group, Series 2017A
5
.250
%
11/01/41
$
130,230
60,000
California Municipal Finance Authority, Special Facility Revenue
Bonds, United Airlines, Inc. Los Angeles International Airport
Project, Series 2019, (AMT)
4
.000
07/15/29
60,641
150,000
California Municipal Financing Authority, Certificates of
Participation, Palomar Health, Series 2022A
5
.250
11/01/52
152,184
375,000
(a)
California Pollution Control Financing Authority, Water
Furnishing Revenue Bonds, Poseidon Resources Channelside
LP Desalination Project, Series 2012, (AMT)
5
.000
07/01/37
375,672
1,160,000
(a)
California Pollution Control Financing Authority, Water
Furnishing Revenue Bonds, Poseidon Resources Channelside
LP Desalination Project, Series 2012, (AMT)
5
.000
11/21/45
1,162,607
60,000
(a)
California School Finance Authority, School Facility Revenue
Bonds, Alliance for College-Ready Public Schools Project,
Series 2016A
5
.000
07/01/46
60,006
385,000
(a)
California School Finance Authority, School Facility Revenue
Bonds, Alliance for College-Ready Public Schools Project,
Series 2016C
5
.000
07/01/46
385,024
45,000
California State, General Obligation Bonds, Various Purpose
Series 2015
5
.000
08/01/34
45,078
350,000
California Statewide Communities Development Authority,
California, Revenue Bonds, Loma Linda University Medical
Center, Series 2014A
5
.250
12/01/34
350,330
1,365,000
(a)
California Statewide Communities Development Authority,
California, Revenue Bonds, Loma Linda University Medical
Center, Series 2016A
5
.250
12/01/56
1,365,329
50,000
California Statewide Communities Development Authority,
Statewide Community Infrastructure Program Revenue Bonds,
Series 2016B
5
.000
09/02/46
50,045
70,000
California Statewide Community Development Authority,
Health Revenue Bonds, Enloe Medical Center, Refunding
Series 2022A - AGM Insured
5
.250
08/15/52
71,547
1,000,000
Chaffey Joint Union High School District, San Bernardino
County, California, General Obligation Bonds, Election 2012
Series 2017C
5
.250
08/01/47
1,008,592
660,000
(a)
CMFA Special Finance Agency I, California, Essential Housing
Revenue Bonds, The Mix at Center City, Series 2021A-2
4
.000
04/01/56
523,743
225,000
(a)
CMFA Special Finance Agency, California, Essential Housing
Revenue Bonds, Enclave Apartments, Senior Series 2022A-1
4
.000
08/01/58
175,937
100,000
Corona, California, Special Tax Bonds, Community Facilities
District 2018-1 Bedford, Series 2018A
5
.000
09/01/48
100,525
320,000
(a)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, 777 Place-Pomona, Senior
Lien Series 2021A-2
3
.250
05/01/57
227,509
425,000
(a)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Acacia on Santa Rosa Creek,
Senior Lien Series 2021A
4
.000
10/01/56
360,524
560,000
(a)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Altana Glendale, Series
2021A-2
4
.000
10/01/56
446,211
750,000
(a)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Center City Anaheim, Series
2020A
5
.000
01/01/54
675,069
540,000
(a)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Moda at Monrovia Station,
Social Series 2021A-2
4
.000
10/01/56
426,218
265,000
(a)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Monterrey Station
Apartments, Senior Lien Series 2021A-1
3
.125
07/01/56
173,758
115,000
(a)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Oceanaire-Long Beach,
Social Series 2021A-2
4
.000
09/01/56
84,948
Portfolio of Investments June 30, 2026
(continued)
NXP
4
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CALIFORNIA
(continued)
$
245,000
(a)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Parallel-Anaheim Series
2021A
4
.000
%
08/01/56
$
222,844
50,000
(a)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Pasadena Portfolio Social
Bond, Mezzanine Senior Series 2021B
4
.000
12/01/56
39,756
100,000
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Pasadena Portfolio Social
Bond, Series 2021A-2
3
.000
12/01/56
72,956
185,000
(a)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Union South Bay, Series
2021A-2
4
.000
07/01/56
156,792
160,000
(a)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Westgate Phase 1-Pasadena
Apartments, Senior Lien Series 2021A-1
3
.000
06/01/47
117,721
585,000
(a)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Westgate Phase 1-Pasadena
Apartments, Senior Lien Series 2021A-2
3
.125
06/01/57
364,506
600,000
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Wood Creek Apartments,
Senior Lien Series 2021A-1
3
.000
12/01/49
440,319
2,645,000
(c)
Cypress Elementary School District, Orange County, California,
General Obligation Bonds, Series 2009A - AGM Insured
0
.000
05/01/34
2,083,675
2,440,000
(c)
Eureka Unified School District, Humboldt County, California,
General Obligation Bonds, Series 2002 - AGM Insured
0
.000
08/01/27
2,369,292
2,275,000
(c)
Folsom Cordova Unified School District, Sacramento County,
California, General Obligation Bonds, School Facilities
Improvement District 4, Series 2007A - NPFG Insured
0
.000
10/01/28
2,145,021
6,080,000
(b),(c)
Golden State Tobacco Securitization Corporation, California,
Enhanced Tobacco Settlement Asset-Backed Revenue Bonds,
Series 2005A - AMBAC Insured, (ETM)
0
.000
06/01/28
5,818,251
15,000
Golden State Tobacco Securitization Corporation, California,
Tobacco Settlement Asset-Backed Revenue Bonds, Series
2022A-1
5
.000
06/01/51
15,054
1,495,000
(c)
Huntington Beach Union High School District, Orange County,
California, General Obligation Bonds, Series 2007 - FGIC
Insured
0
.000
08/01/33
1,201,477
4,055,000
(c)
Kern Community College District, California, General
Obligation Bonds, Series 2003A - FGIC Insured
0
.000
03/01/28
3,876,655
645,000
Long Beach Bond Finance Authority, California, Natural Gas
Purchase Revenue Bonds, Series 2007A
5
.500
11/15/37
739,626
3,000,000
Los Angeles County Metropolitan Transportation Authority,
California, Proposition C Sales Tax Revenue Bonds, Green
Senior Lien Series 2019A
5
.000
07/01/44
3,125,344
1,860,000
Los Angeles Department of Airports, California, Revenue
Bonds, Los Angeles International Airport, Refunding &
Subordinate Series 2022C, (AMT)
4
.000
05/15/40
1,863,291
1,525,000
Los Angeles Department of Airports, California, Revenue
Bonds, Los Angeles International Airport, Subordinate Lien
Series 2022A, (AMT)
5
.000
05/15/45
1,586,681
3,000,000
Los Angeles Department of Water and Power, California, Power
System Revenue Bonds, Series 2017C
5
.000
07/01/47
3,022,058
2,000,000
Los Angeles Department of Water and Power, California, Power
System Revenue Bonds, Series 2020B
5
.000
07/01/40
2,098,601
2,900,000
Los Angeles Department of Water and Power, California,
Waterworks Revenue Bonds, Series 2017A
4
.000
07/01/47
2,803,371
1,000,000
Los Angeles Department of Water and Power, California,
Waterworks Revenue Bonds, Series 2018B
5
.000
07/01/38
1,029,186
125,000
Los Angeles Housing Authority, California, Multifamily Housing
Revenue Bonds, Clarendon Apartments, Senior Series 2024A
4
.400
12/01/54
119,218
215,000
Los Angeles Housing Authority, California, Multifamily Housing
Revenue Bonds, Clarendon Apartments, Senior Series 2024A
4
.500
12/01/59
205,862
1,000,000
Marin Healthcare District, Marin County, California, General
Obligation Bonds, 2013 Election, Series 2015A
4
.000
08/01/45
982,577
5
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CALIFORNIA
(continued)
$
3,480,000
(e)
Mount San Antonio Community College District, Los Angeles
County, California, General Obligation Bonds, Election of 2008,
Series 2013A
0
.000
%
08/01/43
$
3,653,616
450,000
M-S-R Energy Authority, California, Gas Revenue Bonds,
Citigroup Prepay Contracts, Series 2009C
6
.500
11/01/39
556,959
2,790,000
Natomas Unified School District, Sacramento County,
California, General Obligation Bonds, Election of 2018, Series
2020A - AGM Insured
4
.000
08/01/49
2,703,807
1,000,000
Norco Redevelopment Agency, California, Tax Allocation
Bonds, Project Area 1, Series 2009
7
.000
03/01/34
1,003,348
11,985,000
(c)
Norwalk La Mirada Unified School District, Los Angeles County,
California, General Obligation Bonds, Election 2002, Series
2007C - AGM Insured
0
.000
08/01/32
9,985,630
1,195,000
(c)
Palmdale School District, Los Angeles County, California,
General Obligation Bonds, Series 2003 - AGM Insured
0
.000
08/01/28
1,133,104
7,575,000
(c)
Palomar Pomerado Health, California, General Obligation
Bonds, Convertible Capital Appreciation, Election 2004 Series
2010A
0
.000
08/01/34
5,060,567
8,790,000
(c)
Pittsburg Redevelopment Agency, California, Tax Allocation
Bonds, Los Medanos Community Development Project, Series
1999 - AMBAC Insured
0
.000
08/01/29
8,042,022
12,240,000
(b),(c)
Placentia-Yorba Linda Unified School District, Orange County,
California, Certificates of Participation, Series 2006 - FGIC
Insured, (ETM)
0
.000
10/01/34
9,446,870
1,500,000
(c)
Placer Union High School District, Placer County, California,
General Obligation Bonds, Series 2004C - AGM Insured
0
.000
08/01/32
1,256,526
8,000,000
(c)
Poway Unified School District, San Diego County, California,
General Obligation Bonds, School Facilities Improvement
District 2007-1, Election 2008 Series 2009A
0
.000
08/01/32
6,698,246
8,000,000
(c)
Poway Unified School District, San Diego County, California,
General Obligation Bonds, School Facilities Improvement
District 2007-1, Election 2008 Series 2009A
0
.000
08/01/33
6,475,577
3,940,000
(c)
Rancho Mirage Redevelopment Agency, California, Tax
Allocation Bonds, Combined Whitewater and 1984 Project
Areas, Series 2003A - NPFG Insured
0
.000
04/01/35
2,974,269
180,000
River Islands Public Financing Authority, California, Special Tax
Bonds, Community Facilities District 2003-1 Improvement Area
1, Refunding Series 2022A-1 - AGM Insured
5
.250
09/01/52
188,175
2,050,000
Sacramento County Sanitation Districts Financing Authority,
California, Revenue Bonds, Sacramento Regional County
Sanitation District, Series 2020A
5
.000
12/01/50
2,141,250
1,000,000
San Benito High School District, San Benito and Santa Clara
Counties, California, General Obligation Bonds, 2016 Election
Series 2017
5
.250
08/01/46
1,015,414
8,075,000
(c)
San Bernardino Community College District, California,
General Obligation Bonds, Election of 2008 Series 2009B
0
.000
08/01/44
3,861,103
3,570,000
San Diego County Regional Airport Authority, California,
Airport Revenue Bonds, International Senior Series 2023B,
(AMT)
5
.000
07/01/48
3,672,360
305,000
San Diego County Regional Airport Authority, California,
Airport Revenue Bonds, International Senior Series 2023B,
(AMT)
5
.000
07/01/53
311,866
1,000,000
San Diego County Regional Airport Authority, California,
Airport Revenue Bonds, Subordinate Series 2021B, (AMT)
5
.000
07/01/46
1,031,141
1,400,000
San Francisco Airport Commission, California, Revenue Bonds,
San Francisco International Airport, Refunding Second Series
2023C, (AMT)
5
.500
05/01/40
1,563,162
60,000
San Francisco City and County Redevelopment Agency
Successor Agency, California, Special Tax Bonds, Community
Facilities District 7, Hunters Point Shipyard Phase One
Improvements, Refunding Series 2014
5
.000
08/01/39
60,048
115,000
San Joaquin Hills Transportation Corridor Agency, Orange
County, California, Toll Road Revenue Bonds, Refunding Junior
Lien Series 2014B
5
.250
01/15/44
115,082
Portfolio of Investments June 30, 2026
(continued)
NXP
6
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CALIFORNIA
(continued)
$
1,070,000
(d)
San Joaquin Valley Clean Energy Authority, California,
Clean Energy Project Revenue Bonds, Green Series 2025A,
(Mandatory Put 7/01/35)
5
.500
%
01/01/56
$
1,190,303
2,110,000
(c)
Sierra Sands Unified School District, Kern County, California,
General Obligation Bonds, Election of 2006, Series 2006A -
FGIC Insured
0
.000
11/01/28
1,971,854
5,000
Signal Hill Redevelopment Agency, California, Project 1 Tax
Allocation Bonds, Series 2011
7
.000
10/01/26
5,015
6,025,000
(c)
Simi Valley Unified School District, Ventura County, California,
General Obligation Bonds, Election of 2004 Series 2007C
0
.000
08/01/30
5,380,026
1,285,000
Stockton Public Financing Authority, California, Revenue
Bonds, Arch Road East Community Facility District 99-02,
Series 2018A
5
.000
09/01/28
1,325,440
60,000
Transbay Joint Powers Authority, California, Tax Allocation
Bonds, Senior Green Series 2020A
5
.000
10/01/45
60,867
2,000,000
(e)
West Hills Community College District, California, General
Obligation Bonds, School Facilities Improvement District 3,
2008 Election Series 2011 - AGM Insured
7
.400
08/01/38
2,361,142
1,150,000
(c)
Woodside Elementary School District, San Mateo County,
California, General Obligation Bonds, Election of 2005, Series
2007 - AMBAC Insured
0
.000
10/01/30
1,034,637
TOTAL CALIFORNIA
168,707,672
COLORADO - 6.4%
3,750,000
Arkansas River Power Authority, Colorado, Power Supply
System Revenue Bonds, Refunding Series 2018A
5
.000
10/01/43
3,818,330
5,625,000
Colorado Bridge and Tunnel Enterprise, Colorado, Senior
Infrastructure Revenue Bonds, Series 2024A
5
.250
12/01/49
6,053,454
150,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
CommonSpirit Health, Series 2019A-1
4
.000
08/01/44
143,948
6,600,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
CommonSpirit Health, Series 2019A-2
5
.000
08/01/44
6,757,462
1,220,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
Covenant Living Communities & Services, Series 2025A
5
.125
12/01/45
1,275,120
5,000,000
Colorado School of Mines Board of Trustees, Golden,
Colorado, Institutional Enterprise Revenue Bonds, Series
2017B
5
.000
12/01/47
5,047,199
2,475,000
Colorado State, Certificates of Participation, Rural Series 2020A
4
.000
12/15/37
2,513,675
480,000
Crowfoot Valley Ranch Metropolitan District No. 2,  Douglas
County, Colorado, Limited Tax General Obligation Bonds,
Refunding Series 2024A - BAM Insured
5
.000
12/01/44
509,251
1,500,000
(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
908,442
2,275,000
Denver City and County, Colorado, Airport System Revenue
Bonds, Series 2022D, (AMT)
5
.750
11/15/45
2,484,268
4,400,000
Denver City and County, Colorado, Airport System Revenue
Bonds, Subordinate Lien Series 2018B
5
.000
12/01/43
4,541,744
8,350,000
(c)
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Series 2000B - NPFG Insured
0
.000
09/01/29
7,665,570
1,295,000
(c)
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Series 2000B - NPFG Insured
0
.000
09/01/32
1,077,352
4,475,000
(c)
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Series 2000B - NPFG Insured
0
.000
09/01/33
3,588,809
12,500,000
(c)
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Series 2006A - NPFG Insured
0
.000
09/01/38
6,800,869
5,000,000
Windy Gap Firming Project Water Activity Enterprise, Colorado,
Senior Revenue Bonds, Series 2021
5
.000
07/15/51
5,140,415
TOTAL COLORADO
58,325,908
7
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CONNECTICUT - 1.5%
$
2,500,000
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, Fairfield University, Series 2022U
4
.000
%
07/01/52
$
2,354,233
5,710,000
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, Hartford Healthcare, Series 2026A
5
.500
07/01/55
6,219,757
5,390,000
Connecticut State, Special Tax Obligation Bonds,
Transportation Infrastructure Purposes, Series 2021A
4
.000
05/01/40
5,446,259
TOTAL CONNECTICUT
14,020,249
DISTRICT OF COLUMBIA - 1.4%
1,500,000
(b),(e)
Metropolitan Washington Airports Authority, Virginia,
Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital
improvement Projects, Second Senior Lien Series 2009C, (Pre-
refunded 10/01/26) - AGC Insured
6
.500
10/01/41
1,514,283
2,000,000
(e)
Metropolitan Washington Airports Authority, Virginia,
Dulles Toll Road Revenue Bonds, Dulles Metrorail Capital
Appreciation, Second Senior Lien Series 2010B
6
.500
10/01/44
2,115,872
5,000,000
Metropolitan Washington D.C. Airports Authority, Airport
System Revenue Bonds, Refunding Series 2023A, (AMT)
5
.250
10/01/53
5,177,198
2,450,000
Metropolitan Washington D.C. Airports Authority, Airport
System Revenue Bonds, Refunding Series 2024A, (AMT)
5
.250
10/01/49
2,559,288
1,070,000
Washington Metropolitan Area Transit Authority, Dedicated
Revenue Bonds, Green Series 2021A
4
.000
07/15/46
1,041,887
TOTAL DISTRICT OF COLUMBIA
12,408,528
FLORIDA - 2.5%
1,700,000
Florida Development Finance Corporation, Revenue Bonds,
Brightline Florida Passenger Rail Expansion Project, Brightline
Trains Florida LLC Issue, Series 2024, (AMT)
5
.250
07/01/53
1,685,475
3,000,000
Florida Development Finance Corporation, Revenue Bonds,
Brightline Florida Passenger Rail Expansion Project, Brightline
Trains Florida LLC Issue, Series 2024, (AMT)
5
.500
07/01/53
2,205,000
3,870,000
(a),(d)
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
2,515,500
2,400,000
(a)
Florida Development Finance Corporation, Revenue Bonds,
IPS Florida LLC-Idea Florida, Inc. Jacksonville IV, Series 2022
5
.250
06/15/29
2,405,782
2,000,000
Greater Orlando Aviation Authority, Florida, Orlando Airport
Facilities Revenue Bonds, Priority Subordinated Series 2017A,
(AMT)
5
.000
10/01/42
2,026,592
1,545,000
Greater Orlando Aviation Authority, Florida, Orlando Airport
Facilities Revenue Bonds, Priority Subordinated Series 2017A,
(AMT)
5
.000
10/01/47
1,556,027
2,950,000
Hillsborough County Industrial Development Authority, Florida,
Health System Revenue Bonds, BayCare Health System Series
2024C
5
.250
11/15/49
3,138,215
1,000,000
Hillsborough County Industrial Development Authority, Florida,
Health System Revenue Bonds, BayCare Health System Series
2024C
4
.125
11/15/51
936,221
5,000,000
Miami-Dade County, Florida, Aviation Revenue Bonds,
Refunding Series 2019A, (AMT)
5
.000
10/01/49
5,036,819
1,090,000
Orange County Health Facilities Authority, Florida, Revenue
Bonds, Presbyterian Retirement Communities Project, Series
2024
5
.000
08/01/54
1,094,569
TOTAL FLORIDA
22,600,200
GEORGIA - 1.0%
3,665,000
Brookhaven Development Authority, Georgia, Revenue Bonds,
Children's Healthcare of Atlanta, Inc. Project, Series 2019A
4
.000
07/01/49
3,403,901
3,775,000
(d)
Main Street Natural Gas Inc., Georgia, Gas Supply Revenue
Bonds, Series 2023D, (Mandatory Put 12/01/30)
5
.000
05/01/54
3,992,974
1,250,000
Municipal Electric Authority of Georgia, Project One Revenue
Bonds, Subordinate Series 2024A
5
.250
01/01/49
1,320,493
TOTAL GEORGIA
8,717,368
Portfolio of Investments June 30, 2026
(continued)
NXP
8
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
GUAM - 0.3%
$
1,015,000
Guam Government Waterworks Authority, Water and
Wastewater System Revenue Bonds, Series 2016
5
.000
%
07/01/36
$
1,015,832
1,460,000
Guam Government Waterworks Authority, Water and
Wastewater System Revenue Bonds, Series 2016
5
.000
01/01/46
1,460,591
TOTAL GUAM
2,476,423
IDAHO - 1.4%
1,600,000
Boise State University, Idaho, General Revenue Bonds, Series
2023A
5
.000
04/01/48
1,664,312
1,400,000
College of Western Idaho, Annual Appropriation Certificates of
Participation, Series 2025
5
.250
08/01/50
1,483,425
1,220,000
Idaho Housing & Finance Association, Idaho, Sales Tax
Revenue Bonds, Transportation Expansion & Congestion
Mitigation Fund, Series 2023A
5
.250
08/15/48
1,307,161
2,000,000
(a)
Idaho Housing and Finance Association, Nonprofit Facilities
Revenue Bonds, The College of Idaho Project, Series 2023
5
.625
11/01/43
2,054,192
6,000,000
(a)
Idaho Housing and Finance Association, Nonprofit Facilities
Revenue Bonds, The College of Idaho Project, Series 2023
5
.875
11/01/53
6,068,861
TOTAL IDAHO
12,577,951
ILLINOIS - 7.8%
3,900,000
(c)
Chicago Board of Education, Illinois, General Obligation
Bonds, Series 1999A - FGIC Insured
0
.000
12/01/28
3,583,894
55,000
(c)
Chicago Board of Education, Illinois, Unlimited Tax General
Obligation Bonds, Dedicated Tax Revenues, Series 1998B-1 -
FGIC Insured
0
.000
12/01/28
50,542
1,885,000
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue
Bonds, Refunding Project Second Lien Series 2026A
5
.250
12/01/51
1,988,562
5,500,000
Chicago, Illinois, General Airport Revenue Bonds, O'Hare
International Airport, Senior Lien Series 2024A
5
.500
01/01/53
5,764,823
1,500,000
Chicago, Illinois, Midway Airport Revenue Bonds, Refunding
Senior Lien Series 2023C
5
.000
01/01/40
1,593,364
6,780,000
Chicago, Illinois, Water Revenue Bonds, Second Lien Series
2023A - AGM Insured
5
.250
11/01/48
7,152,535
1,190,000
Chicago, Illinois, Water Revenue Bonds, Second Lien Series
2023A - AGM Insured
5
.250
11/01/53
1,240,237
10,000,000
(f)
Illinois Housing Development Authority, Revenue Bonds, Social
Series 2024I, (UB)
4
.625
04/01/50
9,957,150
2,500,000
Illinois Toll Highway Authority, Toll Highway Revenue Bonds,
Senior Lien Series 2021A
4
.000
01/01/46
2,410,308
1,720,000
(c)
Metropolitan Pier and Exposition Authority, Illinois, Revenue
Bonds, McCormick Place Expansion Project, Series 2002A -
NPFG Insured
0
.000
12/15/29
1,539,610
45,000
(b),(c)
Metropolitan Pier and Exposition Authority, Illinois, Revenue
Bonds, McCormick Place Expansion Project, Series 2002A,
(ETM)
0
.000
06/15/30
39,887
765,000
(c)
Metropolitan Pier and Exposition Authority, Illinois, Revenue
Bonds, McCormick Place Expansion Project, Series 2002A
0
.000
06/15/30
673,285
2,500,000
(c)
Metropolitan Pier and Exposition Authority, Illinois, Revenue
Bonds, McCormick Place Expansion Project, Series 2002A -
NPFG Insured
0
.000
12/15/30
2,162,080
17,195,000
(c)
Metropolitan Pier and Exposition Authority, Illinois, Revenue
Bonds, McCormick Place Expansion Project, Series 2002A -
NPFG Insured
0
.000
12/15/31
14,328,918
1,350,000
(c)
Metropolitan Pier and Exposition Authority, Illinois, Revenue
Bonds, McCormick Place Expansion Project, Series 2002A -
NPFG Insured
0
.000
06/15/35
975,818
15,000,000
(c)
Metropolitan Pier and Exposition Authority, Illinois, Revenue
Bonds, McCormick Place Expansion Project, Series 2002A -
NPFG Insured
0
.000
12/15/36
10,128,696
2,000,000
(c)
Metropolitan Pier and Exposition Authority, Illinois, Revenue
Bonds, McCormick Place Expansion Project, Series 2002A -
NPFG Insured
0
.000
06/15/37
1,318,553
9
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ILLINOIS
(continued)
$
9,370,000
(c)
Metropolitan Pier and Exposition Authority, Illinois, Revenue
Bonds, McCormick Place Expansion Project, Series 2002A -
NPFG Insured
0
.000
%
06/15/39
$
5,620,886
TOTAL ILLINOIS
70,529,148
INDIANA - 0.8%
1,600,000
(b),(c)
Indiana Bond Bank, Special Program Bonds, Carmel Junior
Waterworks Project, Series 2008B - AGM Insured, (ETM)
0
.000
06/01/30
1,425,360
5,060,000
Indiana Finance Authority, Hospital Revenue Bonds, Marion
General Hospital Project, Series 2020A
4
.000
07/01/45
4,627,318
500,000
Northern Indiana Commuter Transportation District, Indiana,
Limited Obligation Revenue Bonds, Series 2024
5
.250
01/01/49
537,458
1,000,000
(c)
Zionsville Community Schools Building Corporation, Boone
County, Indiana, First Mortgage Bonds, Series 2005Z - AGM
Insured
0
.000
07/15/28
939,129
TOTAL INDIANA
7,529,265
IOWA - 0.1%
1,165,000
(b),(d)
Iowa Finance Authority, Iowa, Midwestern Disaster Area
Revenue Bonds, Iowa Fertilizer Company Project, Refunding
Series 2022, (Pre-refunded 12/01/32), (Mandatory Put
12/01/42)
5
.000
12/01/50
1,318,017
TOTAL IOWA
1,318,017
KANSAS - 0.6%
4,750,000
University of Kansas Hospital Authority, Health Facilities
Revenue Bonds, University of Kansas Health System, Series
2026A
5
.500
03/01/54
5,145,288
600,000
(a)
Wichita, Kansas, Sales Tax Special Obligation Revenue Bonds,
K-96 Greenwich Project -Phase III, Series 2026A
4
.125
09/01/33
603,029
TOTAL KANSAS
5,748,317
KENTUCKY - 0.1%
805,000
(e)
Kentucky Public Transportation Infrastructure Authority, Toll
Revenue Bonds, Downtown Crossing Project, Convertible
Capital Appreciation First Tier Series 2013C
6
.750
07/01/43
906,951
TOTAL KENTUCKY
906,951
LOUISIANA - 0.7%
1,870,000
Jefferson Sales Tax District, Jefferson Parish, Louisiana, Special
Sales Tax Revenue Bonds, Series 2017B - AGM Insured
5
.000
12/01/42
1,907,083
500,000
Louisiana Publics Facilities Authority, Louisiana, Revenue
Bonds, I-10 Calcasieu River Bridge Public-Private Partnership
Project, Senior Lien Series 2024, (AMT)
5
.500
09/01/54
516,510
2,000,000
Louisiana Stadium and Exposition District, Revenue Bonds,
Senior Series 2023A
5
.250
07/01/53
2,079,485
2,000,000
New Orleans, Louisiana, General Obligation Bonds, Public
Improvement Series 2024A
5
.000
12/01/53
2,007,301
TOTAL LOUISIANA
6,510,379
MASSACHUSETTS - 3.5%
3,000,000
Lowell, Massachusetts, Collegiate Charter School Revenue
Bonds, Series 2019
5
.000
06/15/49
2,948,189
10,000,000
Massachusetts Development Finance Agency, Revenue Bonds,
Boston University, Series 2016BB-1
4
.000
10/01/46
9,670,270
2,230,000
(b)
Massachusetts Development Finance Agency, Revenue Bonds,
Boston University, Series 2016BB-1, (Pre-refunded 10/01/26)
5
.000
10/01/46
2,242,360
3,350,000
Massachusetts Development Finance Agency, Revenue Bonds,
Dana-Farber Cancer Institute, Series 2026Q
5
.000
12/01/44
3,624,809
920,000
Massachusetts Development Finance Agency, Revenue Bonds,
Orchard Cove, Inc., Refunding Series 2019
5
.000
10/01/49
923,014
600,000
Massachusetts Development Finance Agency, Revenue Bonds,
UMass Memorial Health Care Obligated Group Issue, Series
2017L
3
.625
07/01/37
563,137
3,000,000
Massachusetts State, General Obligation Bonds, Consolidated
Loan, Series 2015B
4
.000
05/01/45
2,955,217
2,415,000
Massachusetts State, Transportation Fund Revenue Bonds, Rail
Enhancement & Accelerated Bridge Programs, Series 2017A
5
.000
06/01/47
2,442,067
Portfolio of Investments June 30, 2026
(continued)
NXP
10
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MASSACHUSETTS
(continued)
$
5,000,000
Massachusetts State, Transportation Fund Revenue Bonds, Rail
Enhancement Program, Sustainability  Green Series 2022A
5
.000
%
06/01/50
$
5,204,586
1,000,000
Newburyport, Massachusetts, General Obligation Bonds,
Municipal Purpose Loan, Refunding Series 2013
4
.000
01/15/30
1,001,266
TOTAL MASSACHUSETTS
31,574,915
MICHIGAN - 1.7%
5,000,000
Lansing Board of Water and Light, Michigan, Utility System
Revenue Bonds, Refunding Series 2024A
5
.000
07/01/54
5,193,156
5,000,000
Lansing Board of Water and Light, Michigan, Utility System
Revenue Bonds, Series 2019A
5
.000
07/01/48
5,106,312
4,000,000
Michigan State Building Authority, Revenue Bonds, Facilities
Program, Refunding Series 2016-I
5
.000
04/15/35
4,023,400
1,000,000
Wayne County Airport Authority, Michigan, Revenue Bonds,
Detroit Metropolitan Wayne County Airport, Series 2023B -
AGM Insured, (AMT)
5
.500
12/01/48
1,065,174
TOTAL MICHIGAN
15,388,042
MINNESOTA - 2.4%
5,110,000
Duluth Economic Development Authority, Minnesota, Health
Care Facilities Revenue Bonds, Essentia Health Obligated
Group, Series 2018A
5
.250
02/15/58
5,151,141
1,340,000
Minnesota Agricultural and Economic Development Board,
Health Care Facilities Revenue Bonds, HealthPartners
Obligated Group, Series 2024
5
.250
01/01/47
1,412,834
1,000,000
Saint Cloud, Minnesota, Health Care Revenue Bonds,
CentraCare Health System, Series 2024
4
.000
05/01/50
913,792
10,000,000
Saint Cloud, Minnesota, Health Care Revenue Bonds,
CentraCare Health System, Series 2024
5
.000
05/01/54
10,266,926
3,850,000
Saint Paul Housing & Redevelopment Authority, Minnesota,
Charter School Lease Revenue Bonds, Hmong College Prep
Academy Project, Series 2016A
6
.000
09/01/51
3,853,082
TOTAL MINNESOTA
21,597,775
MISSOURI - 2.7%
5,000,000
Jackson County, Missouri, Special Obligation Bonds, Series
2023A
5
.250
12/01/47
5,309,328
7,000,000
Kansas City Industrial Development Authority, Missouri, Airport
Special Obligation Bonds, Kansas City International Airport
Terminal Modernization Project, Series 2019B, (AMT)
5
.000
03/01/54
7,018,323
5,000,000
(c)
Kansas City Municipal Assistance Corporation, Missouri,
Leasehold Revenue Bonds, Improvement Series 2004B-1 -
AMBAC Insured
0
.000
04/15/30
4,447,051
780,000
(a)
Missouri Development Finance Board, Tax Increment and
Special District Revenue Bonds, Lakeport Village Project, Series
2025A
6
.000
06/15/40
800,306
1,700,000
Missouri Health and Educational Facilities Authority, Health
Facilities Revenue Bonds, Mosaic Health System, Series 2019A
4
.000
02/15/54
1,481,085
5,560,000
Saint Louis County Industrial Development Authority, Missouri,
Revenue Bonds, Friendship Village Saint Louis Obligated
Group, Series 2017
5
.000
09/01/48
5,564,303
TOTAL MISSOURI
24,620,396
NEBRASKA - 1.6%
3,550,000
(d)
Central Plains Energy Project, Nebraska, Gas Project 4 Revenue
Bonds, Refunding Series 2023A-1, (Mandatory Put 11/01/29)
5
.000
05/01/54
3,724,061
3,000,000
Douglas County Hospital Authority 2, Nebraska, Health
Facilities Revenue Bonds, Children's Hospital Obligated Group,
Series 2017
5
.000
11/15/47
3,015,847
285,000
Douglas County Hospital Authority 3, Nebraska, Health
Facilities Revenue Bonds, Nebraska Methodist Health System,
Refunding Series 2015
4
.125
11/01/36
285,028
1,465,000
Douglas County Hospital Authority 3, Nebraska, Health
Facilities Revenue Bonds, Nebraska Methodist Health System,
Refunding Series 2015
5
.000
11/01/45
1,465,849
1,000,000
Douglas County, Nebraska, Educational Facilities Revenue
Bonds, Creighton University Projects, Refunding Series 2017
5
.000
07/01/47
1,006,085
11
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEBRASKA
(continued)
$
250,000
Madison County Hospital Authority 1, Nebraska, Hospital
Revenue Bonds, Faith Regional Health Services Project, Series
2018
5
.000
%
07/01/26
$
250,000
305,000
Madison County Hospital Authority 1, Nebraska, Hospital
Revenue Bonds, Faith Regional Health Services Project, Series
2018
5
.000
07/01/27
306,208
3,750,000
Omaha Public Power District, Nebraska, Separate Electric
System Revenue Bonds, Nebraska City 2, Refunding Series
2026A
5
.000
02/01/49
3,980,696
TOTAL NEBRASKA
14,033,774
NEVADA - 0.2%
1,710,000
Carson City, Nevada, Hospital Revenue Bonds, Carson Tahoe
Regional Healthcare Project, Series 2017A
5
.000
09/01/37
1,727,125
325,000
Las Vegas Special Improvement District 819, Nevada, Local
Improvement Bonds, Summerlin Village 30A Series 2025
5
.000
06/01/40
340,530
TOTAL NEVADA
2,067,655
NEW HAMPSHIRE - 0.1%
1,195,000
(a)
National Finance Authority, New Hampshire, Special Revenue
Bonds, Bridgeland Water & Utility Districts 418, 489, 492, 493,
157 & 159, Series 2026
6
.125
12/15/33
1,195,963
TOTAL NEW HAMPSHIRE
1,195,963
NEW JERSEY - 4.0%
940,000
New Jersey Economic Development Authority, Private Activity
Bonds, The Goethals Bridge Replacement Project, Series 2013
- AGM Insured, (AMT)
5
.125
01/01/39
954,178
2,000,000
(b)
New Jersey Economic Development Authority, School Facilities
Construction Bonds, Refunding Series 2016BBB, (Pre-refunded
12/15/26)
5
.500
06/15/31
2,026,246
305,000
New Jersey Health Care Facilities Financing Authority, Revenue
Bonds, University Hospital Issue, Refunding Series 2015A -
AGM Insured
5
.000
07/01/28
310,502
260,000
New Jersey Health Care Facilities Financing Authority, Revenue
Bonds, University Hospital Issue, Refunding Series 2015A -
AGM Insured
5
.000
07/01/29
264,679
4,900,000
(c)
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Refunding Series 2006C - AMBAC Insured
0
.000
12/15/28
4,560,885
35,000,000
(c)
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Refunding Series 2006C - AGM Insured
0
.000
12/15/34
26,472,351
1,900,000
Tobacco Settlement Financing Corporation, New Jersey,
Tobacco Settlement Asset-Backed Bonds, Series 2018A
5
.000
06/01/46
1,897,541
TOTAL NEW JERSEY
36,486,382
NEW MEXICO - 0.2%
1,000,000
Farmington Municipal School District 5, San Juan County, New
Mexico, General Obligation Bonds, School Building Series
2015
5
.000
09/01/28
1,001,699
1,035,000
University of New Mexico, Revenue Bonds, Refunding &
Improvement Subordinate Lien Series 2016A
4
.500
06/01/36
1,035,363
TOTAL NEW MEXICO
2,037,062
NEW YORK - 7.7%
240,000
Buffalo and Erie County Industrial Land Development
Corporation, New York, Revenue Bonds, Enterprise Charter
School Project, Series 2011A
7
.500
12/01/40
240,026
30,000
Build New York City Resource Corporation, New York, Revenue
Bonds, Classical Charter Schools Series 2023A
4
.500
06/15/43
28,479
35,000
Build New York City Resource Corporation, New York, Revenue
Bonds, Classical Charter Schools Series 2023A
4
.750
06/15/58
31,335
35,000
Build New York City Resource Corporation, New York, Revenue
Bonds, KIPP New York City Public School Facilities, Canal West
Project, Series 2022
5
.250
07/01/52
35,634
100,000
Build New York City Resource Corporation, New York, Revenue
Bonds, KIPP New York City Public School Facilities, Canal West
Project, Series 2022
5
.250
07/01/62
101,309
Portfolio of Investments June 30, 2026
(continued)
NXP
12
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW YORK
(continued)
$
145,000
(a)
Build New York City Resource Corporation, New York, Solid
Waste Disposal Revenue Bonds, Pratt Paper NY, Inc. Project,
Series 2014, (AMT)
5
.000
%
01/01/35
$
145,213
100,000
(a)
Build NYC Resource Corporation Revenue Bonds, New York,
East Harlem Scholars Academy Charter School Project, Series
2022 (Social Bonds)
5
.750
06/01/62
98,134
225,000
Build NYC Resource Corporation, New York, Airport Facilities
Revenue Bonds. TrIPs Obligated Group, Senior Series 2025,
(AMT)
5
.500
07/01/50
235,690
100,000
(a)
Build NYC Resource Corporation, New York, Revenue Bonds,
Family Life Academy Charter School, Series 2020C-1
5
.000
06/01/40
96,332
115,000
(a)
Build NYC Resource Corporation, New York, Revenue Bonds,
Richmond Preparatory Charter School Project, Social Impact
Project Series 2021A
5
.000
06/01/56
92,448
100,000
(a)
Dormitory Authority of the State of New York, General Revenue
Bonds, American Musical and Dramatic Academy Inc., Series
2023A
7
.250
07/01/53
104,279
890,000
Dormitory Authority of the State of New York, General Revenue
Bonds, Northwell Health Obligated Group, Series 2022A
4
.000
05/01/45
850,206
760,000
Dormitory Authority of the State of New York, General Revenue
Bonds, Northwell Health Obligated Group, Series 2022A
4
.250
05/01/52
709,819
670,000
Dormitory Authority of the State of New York, General Revenue
Bonds, Northwell Health Obligated Group, Series 2024A
5
.250
05/01/54
696,564
165,000
Dormitory Authority of the State of New York, General Revenue
Bonds, Yeshiva University, Series 2022A
5
.000
07/15/42
169,450
130,000
Dormitory Authority of the State of New York, General Revenue
Bonds, Yeshiva University, Series 2022A
5
.000
07/15/50
130,316
1,000,000
Dormitory Authority of the State of New York, Housing
Revenue Bonds, Fashion Institute of Technology, Series 2007 -
FGIC Insured
5
.250
07/01/34
1,067,404
80,000
Dormitory Authority of the State of New York, Non-State
Supported Debt, Ozanam Hall of Queens Nursing Home
Revenue Bonds, Series 2006
5
.000
11/01/31
81,168
605,000
Dormitory Authority of the State of New York, Revenue Bonds,
Icahn School of Medicine at Mount Sinai, Refunding Series
2015A
5
.000
07/01/40
605,731
1,100,000
Dormitory Authority of the State of New York, Revenue Bonds,
Montefiore Obligated Group, Series 2018A
5
.000
08/01/34
1,123,243
275,000
Dormitory Authority of the State of New York, Revenue Bonds,
Mount Sinai Health Obligated Group, Series 2025
5
.250
07/01/50
279,287
365,000
Dormitory Authority of the State of New York, Revenue Bonds,
New School University, Series 2016A
5
.000
07/01/41
366,198
1,000,000
Dormitory Authority of the State of New York, Revenue Bonds,
NYU Langone Hospitals Obligated Group, Series 2020A
4
.000
07/01/50
906,251
300,000
(a)
Dormitory Authority of the State of New York, Revenue Bonds,
Orange Regional Medical Center Obligated Group, Series
2015
5
.000
12/01/40
290,252
200,000
(a)
Dormitory Authority of the State of New York, Revenue Bonds,
Orange Regional Medical Center Obligated Group, Series
2017
5
.000
12/01/32
199,205
100,000
(a)
Dormitory Authority of the State of New York, Revenue Bonds,
Orange Regional Medical Center Obligated Group, Series
2017
5
.000
12/01/35
97,890
150,000
Dormitory Authority of the State of New York, Revenue Bonds,
Roswell Park Cancer Institute Obligated Group, Series 2025A
5
.500
07/01/55
161,656
20,000
Dormitory Authority of the State of New York, Revenue Bonds,
White Plains Hospital, Series 2024
5
.250
10/01/49
20,854
2,660,000
Dormitory Authority of the State of New York, Revenue Bonds,
White Plains Hospital, Series 2024
5
.500
10/01/54
2,846,850
1,000,000
Dormitory Authority of the State of New York, State Personal
Income Tax Revenue Bonds, General Purpose, Bidding Group 1
Through 5, Series 2020A
4
.000
03/15/44
982,197
2,975,000
Dormitory Authority of the State of New York, State Sales Tax
Revenue Bonds, Series 2017A Group C
5
.000
03/15/41
3,011,564
13
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW YORK
(continued)
$
1,000,000
Dormitory Authority of the State of New York, State Sales Tax
Revenue Bonds, Series 2018A
5
.000
%
03/15/40
$
1,030,204
850,000
Dormitory Authority of the State of New York, State Sales Tax
Revenue Bonds, Series 2024B
5
.000
03/15/49
894,165
500,000
Dutchess County Local Development Corporation, New York,
Revenue Bonds, Health Quest Systems, Inc. Project, Series
2016B
4
.000
07/01/41
474,557
435,000
Erie County Tobacco Asset Securitization Corporation, New
York, Tobacco Settlement Asset-Backed Bonds, Series 2005A
5
.000
06/01/38
405,361
115,000
Genesee County Funding Corporation, New York, Revenue
Bonds, Rochester Regional Health Project, Series 2025A
5
.250
12/01/50
118,418
130,000
Genesee County Funding Corporation, New York, Revenue
Bonds, Rochester Regional Health Project, Series 2025A
5
.500
12/01/55
136,491
215,000
(e)
Glen Cove Local Economic Assistance Corporation, New York,
Revenue Bonds, Garvies Point Public Improvement Project,
Capital Appreciation Series 2016C
5
.625
01/01/55
199,986
150,000
Hudson Yards Infrastructure Corporation, New York, Revenue
Bonds, Green Fiscal 2022 Series A
4
.000
02/15/36
154,381
800,000
Hudson Yards Infrastructure Corporation, New York, Revenue
Bonds, Second Indenture Fiscal 2017 Series A
5
.000
02/15/45
806,426
450,000
Liberty Development Corporation, New York, Goldman Sachs
Headquarter Revenue Bonds, Series 2005
5
.250
10/01/35
518,187
140,000
Long Island Power Authority, New York, Electric System General
Revenue Bonds, Green Series 2023E
5
.000
09/01/53
145,877
180,000
Long Island Power Authority, New York, Electric System General
Revenue Bonds, Series 2016B
5
.000
09/01/46
180,239
620,000
Metropolitan Transportation Authority, New York,
Transportation Revenue Bonds, Series 2016C-1
5
.250
11/15/56
621,027
195,000
Monroe County Industrial Development Corporation, New
York, Revenue Bonds, Rochester General Hospital Project,
Series 2017
5
.000
12/01/46
195,086
25,000
Monroe County Industrial Development Corporation, New
York, Revenue Bonds, Saint Ann's Community Project, Series
2019
5
.000
01/01/40
25,078
1,000,000
Nassau County, New York, General Obligation Bonds, General
Improvement Bonds Series 2019B - AGM Insured
5
.000
04/01/44
1,053,725
1,000,000
Nassau County, New York, General Obligation Bonds, General
Improvement Series 2021A - AGM Insured
4
.000
04/01/51
947,745
1,000,000
New York City Housing Development Corporation, New York,
Multifamily Housing Revenue Bonds, Sustainable Development
Series 2025C-1
5
.125
11/01/55
1,029,214
100,000
(a)
New York City Housing Development Corporation, New York,
Multi-Family Mortgage Revenue Bonds, 8 Spruce Street, Class
F Series 2024
5
.250
12/15/31
103,084
180,000
New York City Industrial Development Agency, New York,
PILOT Payment in Lieu of Taxes Revenue Bonds, Yankee
Stadium Project, Series 2020A - AGM Insured
4
.000
03/01/45
173,741
1,000,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal Series 2023F-1
4
.000
02/01/51
930,406
1,060,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal Series 2025D
4
.250
05/01/54
1,014,689
835,000
New York City, New York, General Obligation Bonds, Fiscal
2020 SeriesD-1
4
.000
03/01/50
774,901
145,000
New York Counties Tobacco Trust VI, New York, Tobacco
Settlement Pass-Through Bonds, Series Series 2016A-1
5
.625
06/01/35
148,701
1,530,000
New York Counties Tobacco Trust VI, New York, Tobacco
Settlement Pass-Through Bonds, Series Series 2016A-1
5
.750
06/01/43
1,503,954
865,000
(a)
New York Liberty Development Corporation, New York, Liberty
Revenue Bonds, 3 World Trade Center Project, Class 1 Series
2014
5
.000
11/15/44
865,858
10,000
New York Liberty Development Corporation, New York, Liberty
Revenue Bonds, 7 World Trade Center Project, Refunding
Green Series 2022A-CL2
3
.500
09/15/52
8,008
Portfolio of Investments June 30, 2026
(continued)
NXP
14
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW YORK
(continued)
$
3,500,000
New York State Dormitory Authority, Personal Income Tax
Revenue Bonds, General Purpose Series 2025C
5
.000
%
03/15/44
$
3,841,738
230,000
New York State Power Authority, General Revenue Bonds,
Green Series 2024A
4
.000
11/15/54
213,333
1,500,000
New York State Power Authority, General Revenue Bonds,
Series 2020A
4
.000
11/15/60
1,359,978
265,000
New York State Power Authority, Green Transmission Project
Revenue Bonds, Green Series 2023A - AGM Insured
5
.000
11/15/53
279,439
1,120,000
New York State Urban Development Corporation, State
Personal Income Tax Revenue Bonds, General Purpose Group
1, Series 2019A
4
.000
03/15/48
1,034,136
10,000,000
New York State Urban Development Corporation, State
Personal Income Tax Revenue Bonds, General Purpose, Series
2020A
4
.000
03/15/45
9,659,322
365,000
New York Transportation Development Corporation, New York,
Facility Revenue Bonds, Thruway Service Areas Project, Series
2021, (AMT)
4
.000
10/31/41
359,666
85,000
New York Transportation Development Corporation, New York,
Facility Revenue Bonds, Thruway Service Areas Project, Series
2021, (AMT)
4
.000
10/31/46
79,576
535,000
New York Transportation Development Corporation, New York,
Facility Revenue Bonds, Thruway Service Areas Project, Series
2021, (AMT)
4
.000
04/30/53
483,500
100,000
New York Transportation Development Corporation, New
York, Special Facilities Bonds, LaGuardia Airport Terminal B
Redevelopment Project, Series 2016A, (AMT)
5
.000
07/01/46
100,006
1,110,000
New York Transportation Development Corporation, New
York, Special Facilities Bonds, LaGuardia Airport Terminal B
Redevelopment Project, Series 2016A, (AMT)
5
.250
01/01/50
1,109,942
620,000
New York Transportation Development Corporation, New York,
Special Facilities Revenue Bonds, Terminal 6 John F Kennedy
International Airport Redevelopment Project, Senior Green
Series 2024A, (AMT)
5
.500
12/31/60
635,428
45,000
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
45,033
830,000
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
08/01/31
830,034
30,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, American Airlines, Inc. John F
Kennedy International Airport Project, Series 2020, (AMT)
5
.375
08/01/36
31,318
5,000,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, John F Kennedy International
Airport New Terminal 1 Project, Green Series 2024 - AGM
Insured, (AMT)
5
.250
06/30/60
5,110,054
105,000
New York Transportation Development Corporation, New
York, Special Facility Revenue Bonds, New Terminal 1 John
F Kennedy International Airport Project, Green Series 2023,
(AMT)
6
.000
06/30/54
110,105
465,000
New York Transportation Development Corporation, New
York, Special Facility Revenue Bonds, New Terminal 1 John
F Kennedy International Airport Project, Green Series 2023,
(AMT)
5
.375
06/30/60
467,831
130,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, Terminal 4 John F Kennedy
International Airport Project, Series 2020C
5
.000
12/01/35
139,526
265,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, Terminal 4 John F Kennedy
International Airport Project, Series 2022, (AMT)
5
.000
12/01/35
283,779
15
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW YORK
(continued)
$
700,000
New York Transportation Development Corporation, Special
Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport
Terminals C&D Redevelopment Project, Series 2018, (AMT)
5
.000
%
01/01/28
$
721,364
300,000
New York Transportation Development Corporation, Special
Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport
Terminals C&D Redevelopment Project, Series 2018, (AMT)
5
.000
01/01/31
307,684
300,000
New York Transportation Development Corporation, Special
Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport
Terminals C&D Redevelopment Project, Series 2023, (AMT)
6
.000
04/01/35
335,184
150,000
(a)
Niagara Area Development Corporation, New York, Solid
Waste Disposal Facility Revenue Refunding Bonds, Covanta
Energy Project, Series 2018A, (AMT)
4
.750
11/01/42
137,966
1,500,000
Port Authority of New York and New Jersey, Consolidated
Revenue Bonds, Two Hundred Fifth Series 2017
5
.000
11/15/47
1,523,175
2,500,000
Port Authority of New York and New Jersey, Consolidated
Revenue Bonds, Two Hundred Thirty-Four Series 2022, (AMT)
5
.250
08/01/47
2,647,978
1,095,000
Triborough Bridge and Tunnel Authority, New York, General
Purpose Revenue Bonds, Refunding Subordinate Lien Series
2017A2
5
.000
11/15/42
1,110,915
15,000
Triborough Bridge and Tunnel Authority, New York, Payroll
Mobility Tax Bonds, Senior Lien Series 2021B-1
4
.000
05/15/56
13,687
100,000
Triborough Bridge and Tunnel Authority, New York, Payroll
Mobility Tax Bonds, Senior Lien Series 2022 A
4
.000
05/15/51
93,564
685,000
Triborough Bridge and Tunnel Authority, New York, Payroll
Mobility Tax Senior Lien Bonds, Series 2022C
5
.250
05/15/52
719,027
5,210,000
Triborough Bridge and Tunnel Authority, New York, Sales
Tax Revenue Bonds, MTA Bridges & Tunnels, TBTA Capital
Lockbox-City Sales Tax, Series 2024A-1
5
.000
05/15/54
5,426,398
835,000
Westchester County Local Development Corporation, New
York, Revenue Bonds, Westchester Medical Center Obligated
Group Project, Refunding Series 2016
5
.000
11/01/46
792,917
25,000
Westchester County Local Development Corporation, New
York, Revenue Bonds, Westchester Medical Center Obligated
Group Project, Series 2023
6
.250
11/01/52
26,336
TOTAL NEW YORK
70,294,432
NORTH CAROLINA - 0.1%
1,000,000
Charlotte, North Carolina, Airport Revenue Bonds, Charlotte
Douglas International, Series 2023B, (AMT)
5
.000
07/01/48
1,032,306
TOTAL NORTH CAROLINA
1,032,306
OHIO - 0.4%
4,500,000
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
3,530,040
250,000
Ohio Air Quality Development Authority, Ohio, Pollution
Control Revenue Bonds, FirstEnergy Generation Corporation
Project, Refunding Series 2009D
3
.375
08/01/29
246,999
TOTAL OHIO
3,777,039
OKLAHOMA - 0.7%
1,230,000
Oklahoma Development Finance Authority, Health System
Revenue Bonds, OU Medicine Project, Series 2018B
5
.000
08/15/38
1,247,092
5,000,000
Oklahoma State Turnpike Authority, Turnpike System Revenue
Bonds, Second Senior Series 2023
5
.500
01/01/53
5,339,320
TOTAL OKLAHOMA
6,586,412
OREGON - 4.2%
500,000
Astoria Hospital Facilities Authority, Oregon, Hospital Revenue
Bonds, Columbia Memorial Hospital Project, Series 2024
5
.250
08/01/54
509,639
1,505,000
(e)
Beaverton School District 48J, Washington and Multnomah
Counties, Oregon, General Obligation Bonds, Convertible
Deferred Interest Series 2017D
5
.000
06/15/36
1,533,013
60,000
(e)
Clackamas Community College District, Oregon, General
Obligation Bonds, Deferred Interest Series 2017A
5
.000
06/15/40
60,969
500,000
Clackamas County Hospital Facility Authority, Oregon, Senior
Living Revenue Bonds, Willamette View Project, Series 2017A
5
.000
11/15/52
483,451
Portfolio of Investments June 30, 2026
(continued)
NXP
16
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
OREGON
(continued)
$
215,000
(b),(c)
Clackamas County School District 12, North Clackamas,
Oregon, General Obligation Bonds, Deferred Interest Series
2017A, (Pre-refunded 6/15/27)
0
.000
%
06/15/41
$
111,486
1,785,000
(c)
Clackamas County School District 12, North Clackamas,
Oregon, General Obligation Bonds, Deferred Interest Series
2017A
0
.000
06/15/41
911,904
2,130,000
Medford Hospital Facilities Authority, Oregon, Hospital
Revenue Bonds, Asante Health System, Refunding Series
2020A
5
.000
08/15/50
2,153,791
670,000
(a)
Oregon Facilities Authority, Revenue Bonds, Metro East Web
Academy Project, Series 2019A
5
.000
06/15/39
670,107
3,440,000
Oregon Facilities Authority, Revenue Bonds, University of
Portland Projects, Refunding Series 2025A
5
.000
04/01/45
3,635,665
2,000,000
Oregon Facilities Authority, Revenue Bonds, Willamette
University, Refunding Series 2016B
5
.000
10/01/40
2,000,829
5,000,000
Oregon Health and Science University, Revenue Bonds, Green
Series 2021A
4
.000
07/01/44
4,958,004
3,000,000
Port of Portland, Oregon, International Airport Revenue Bonds,
Green Series 2023-29, (AMT)
5
.500
07/01/53
3,163,720
11,850,000
(f)
Port of Portland, Oregon, International Airport Revenue Bonds,
Green Series 2023-29, (AMT), (UB)
5
.500
07/01/53
12,496,692
2,500,000
Salem Hospital Facility Authority, Oregon, Revenue Bonds,
Salem Health Projects, Refunding Series 2016A
5
.000
05/15/46
2,501,053
1,000,000
Washington Multnomah & Yamhill Counties School District 1J
Hillsboro, Oregon, General Obligation Bonds, Series 2017
5
.000
06/15/31
1,022,420
1,500,000
Yamhill County, Oregon, Revenue Bonds, George Fox
University Project, Refunding Series 2021
4
.000
12/01/36
1,518,506
TOTAL OREGON
37,731,249
PENNSYLVANIA - 3.9%
1,500,000
Beaver County Industrial Development Authority, Pennsylvania,
Pollution Control Revenue Refunding Bonds, FirstEnergy
Generation Project, Series 2008B
3
.750
10/01/47
1,302,297
1,000,000
Montgomery County Industrial Development Authority,
Pennsylvania, Revenue Bonds, ACTS Retirement-Life
Communities, Inc. Obligated Group, Series 2020
5
.000
11/15/45
1,019,654
4,000,000
Pennsylvania Economic Development Financing Authority,
Revenue Bonds, University of Pittsburgh Medical Center, Series
2026A
5
.000
12/15/47
4,179,769
4,180,000
Pennsylvania Higher Educational Facilities Authority, Revenue
Bonds, State System of Higher Education, Series 2016AT-1
5
.000
06/15/31
4,185,862
1,500,000
(f)
Pennsylvania Higher Educational Facilities Authority, Revenue
Bonds, Thomas Jefferson University, Series 2024B-1, (UB)
5
.250
11/01/48
1,597,531
1,500,000
(f)
Pennsylvania Higher Educational Facilities Authority, Revenue
Bonds, Thomas Jefferson University, Series 2024B-2, (UB)
5
.000
11/01/54
1,541,540
10,000,000
(f)
Pennsylvania Housing Finance Agency, Single Family Mortgage
Revenue Bonds, Social Series 2024-147A, (UB)
4
.700
10/01/49
10,082,344
6,000,000
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds,
Series 2018A-2
5
.000
12/01/48
6,130,382
5,000,000
Philadelphia, Pennsylvania, Water and Wastewater Revenue
Bonds, Series 2024C
5
.250
09/01/54
5,283,921
TOTAL PENNSYLVANIA
35,323,300
PUERTO RICO - 1.8%
655,000
(a)
Puerto Rico Aqueduct and Sewerage Authority, Revenue
Bonds, Refunding Senior Lien Series 2020A
5
.000
07/01/47
661,342
2,550,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
4
.750
07/01/53
2,523,217
2,393,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
5
.000
07/01/58
2,393,229
4,000,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Taxable Restructured Cofina Project Series
2019A-2
4
.329
07/01/40
4,001,915
17
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
PUERTO RICO
(continued)
$
6,174,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Taxable Restructured Cofina Project Series
2019A-2
4
.784
%
07/01/58
$
6,054,070
463,872
Puerto Rico, General Obligation Bonds, Clawback Highway
Transportation Authority Claims Taxable Series 2022
0
.000
11/01/51
340,366
182,000
Puerto Rico, General Obligation Bonds, Restructured Series
2022A-1
4
.000
07/01/41
177,425
TOTAL PUERTO RICO
16,151,564
SOUTH CAROLINA - 0.4%
1,370,000
South Carolina Jobs-Economic Development Authority,
Economic Development Revenue Bonds, Bishop Gadsden
Episcopal Retirement Community, Series 2019A
5
.000
04/01/54
1,364,075
1,940,000
South Carolina State Ports Authority, Revenue Bonds, Series
2018, (AMT)
5
.000
07/01/48
1,949,971
TOTAL SOUTH CAROLINA
3,314,046
TENNESSEE - 1.1%
4,695,000
Metropolitan Government of Nashville and Davidson County
Sports Authority, Tennessee, Revenue Bonds, Stadium Project,
Subordinate Senior Series 2023A
5
.250
07/01/56
4,946,085
5,000,000
Metropolitan Nashville Airport Authority, Tennessee, Airport
Revenue Bonds, Subordinate Series 2019B, (AMT)
5
.000
07/01/49
5,072,254
TOTAL TENNESSEE
10,018,339
TEXAS - 8.9%
8,990,000
Garland Independent School District, Dallas County, Texas,
General Obligation Bonds, School Building Series 2023A
5
.000
02/15/48
9,417,841
480,000
(b),(c)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H - NPFG Insured, (ETM)
0
.000
11/15/30
418,727
2,935,000
(b),(c)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H - NPFG Insured, (ETM)
0
.000
11/15/30
2,560,338
1,405,000
(b),(c)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H, (Pre-refunded 11/15/31) - NPFG
Insured
0
.000
11/15/32
1,114,651
465,000
(b),(c)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H, (Pre-refunded 11/15/31) - NPFG
Insured
0
.000
11/15/36
288,350
2,045,000
(c)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H - NPFG Insured
0
.000
11/15/36
1,209,248
10,315,000
(b),(c)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H, (Pre-refunded 11/15/31) - NPFG
Insured
0
.000
11/15/41
4,679,406
2,165,000
(c)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H - NPFG Insured
0
.000
11/15/41
912,454
3,045,000
(c)
Harris County-Houston Sports Authority, Texas, Special
Revenue Bonds, Refunding Senior Lien Series 2001A - NPFG
Insured
0
.000
11/15/34
2,037,855
8,110,000
(c)
Harris County-Houston Sports Authority, Texas, Special
Revenue Bonds, Refunding Senior Lien Series 2001A - NPFG
Insured
0
.000
11/15/38
4,182,092
2,690,000
Houston, Texas, Hotel Occupancy Tax and Special Revenue
Bonds, Convention and Entertainment Facilities Department,
Refunding First Lien Series 2026C
5
.250
09/01/51
2,886,739
5,325,000
Irving Independent School District, Dallas County, Texas,
General Obligation Bonds, School Building Series 2023
5
.000
02/15/41
5,788,679
2,500,000
Klein Independent School District, Harris County, Texas,
General Obligation Bonds, Refunding Schoolhouse Series
2025
5
.000
08/01/49
2,636,061
2,500,000
Klein Independent School District, Harris County, Texas,
General Obligation Bonds, Refunding Schoolhouse Series
2025
5
.000
08/01/50
2,627,959
13,410,000
Lamar Consolidated Independent School District, Fort Bend
County, Texas, General Obligation Bonds, Schoolhouse Series
2023A
5
.000
02/15/53
13,886,354
Portfolio of Investments June 30, 2026
(continued)
NXP
18
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TEXAS
(continued)
$
5,220,000
Lower Colorado River Authority, Texas, Transmission Contract
Revenue Bonds, LCRA Transmission Services Corporation
Project, Refunding Series 2021A
5
.000
%
05/15/46
$
5,416,183
120,000
(b)
Midland Independent School District, Midland County, Texas,
General Obligation Bonds, School Building Series 2024, (Pre-
refunded 2/15/28)
5
.000
02/15/50
124,708
520,000
(b)
Midland Independent School District, Midland County, Texas,
General Obligation Bonds, School Building Series 2024, (Pre-
refunded 2/15/28)
5
.000
02/15/50
540,400
860,000
Midland Independent School District, Midland County, Texas,
General Obligation Bonds, School Building Series 2024
5
.000
02/15/50
871,355
370,000
(a)
Mission Economic Development Corporation, Texas, Revenue
Bonds, Natgasoline Project, Senior Lien Series 2018, (AMT)
4
.625
10/01/31
370,593
4,855,000
Northwest Independent School District, Denton, Tarrant and
Wise Counties, Texas, General Obligation Bonds, School
Building Series 2023
5
.000
02/15/48
5,064,937
3,845,000
Tarrant County Cultural Education Facilities Finance
Corporation, Texas, Hospital Revenue Bonds, Cook Childrens
Medical Center, Series 2025
5
.250
12/01/49
4,086,573
9,230,000
Texas Water Development Board, State Water Implementation
Revenue Fund Bonds, Master Trust Series 2025
4
.750
10/15/50
9,415,334
TOTAL TEXAS
80,536,837
UTAH - 2.3%
100,000
(a)
Deseret Public Infrastructure District 2, Tooele County, Utah,
Special Assessment Bonds, Deseret Assessment Area 1, Series
2026
6
.125
12/01/46
102,753
1,000,000
Downtown Revitalization Public Infrastructure District, Utah,
Sales Tax Revenue Bonds, SEG Redevelopment Project, Second
Lien Series 2025B
5
.250
06/01/45
1,104,467
2,095,000
Millard School District, Utah, Lease Revenue Bonds Local
Building Authority Series 2024 - BAM Insured
5
.000
05/15/49
2,195,512
2,260,000
Resort Core Public Infrastructure District 1, Utah, Limited Tax
General Obligation Bonds, Series 2026A-1
5
.000
03/01/41
2,306,616
5,000,000
Salt Lake City, Utah, Airport Revenue Bonds, International
Airport Series 2021A, (AMT)
5
.000
07/01/46
5,144,379
9,000,000
Salt Lake City, Utah, Airport Revenue Bonds, International
Airport Series 2023A, (AMT)
5
.250
07/01/48
9,391,795
200,000
Utah City West Public Infrastructure District No.1, Special
Assessment Bonds, Utah City West Assessment Aera No.1,
Series 2026
5
.500
12/01/46
205,576
TOTAL UTAH
20,451,098
VIRGIN ISLANDS - 0.4%
1,645,000
Matching Fund Special Purpose Securitization Corporation,
Virgin Islands, Revenue Bonds, Series 2022A
5
.000
10/01/39
1,711,456
1,850,000
Virgin Islands Hotel Development Financing Corporation, Hotel
Revenue Bonds Frenchmana's Reef Hotel Acquisition Project,
Senior Lien Series 2025A-1
5
.750
02/01/45
1,889,540
TOTAL VIRGIN ISLANDS
3,600,996
WASHINGTON - 4.2%
5,000,000
Port of Seattle, Washington, Revenue Bonds, Intermediate Lien
Series 2019, (AMT)
5
.000
04/01/44
5,117,088
3,485,000
Port of Seattle, Washington, Revenue Bonds, Refunding
Intermediate Lien Series 2021C, (AMT)
5
.000
08/01/46
3,593,221
4,965,000
Port of Seattle, Washington, Revenue Bonds, Refunding
Intermediate Lien Series 2025A
5
.000
10/01/46
5,348,954
3,815,000
Snohomish County Public Utility District 1, Washington, Electric
System Revenue Bonds, Refunding Series 2025A
5
.250
12/01/48
4,146,147
1,285,000
Washington Health Care Facilities Authority, Revenue Bonds,
CommonSpirit Health, Series 2019A-1 - BAM Insured
4
.000
08/01/44
1,239,281
4,000,000
Washington Health Care Facilities Authority, Revenue Bonds,
Providence Health & Services, Refunding Series 2012A
5
.000
10/01/32
4,009,026
5,000,000
Washington Health Care Facilities Authority, Revenue Bonds,
Providence Health & Services, Series 2014D
5
.000
10/01/38
5,004,225
19
All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
WASHINGTON
(continued)
$
8,390,000
Washington State Convention Center Public Facilities District,
Lodging Tax Revenue Bonds, Refunding Series 2021B
4
.000
%
07/01/58
$
7,505,924
2,115,000
(c)
Washington State, Motor Vehicle Fuel Tax General Obligation
Bonds, Series 2003F - NPFG Insured
0
.000
12/01/27
2,037,206
TOTAL WASHINGTON
38,001,072
WISCONSIN - 0.5%
1,005,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Ascension Health Alliance Senior
Credit Group, Series 2016A
4
.000
11/15/46
926,373
3,855,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Medical College of Wisconsin, Inc.,
Series 2016
5
.000
12/01/41
3,870,638
TOTAL WISCONSIN
4,797,011
TOTAL MUNICIPAL BONDS
(Cost $874,123,044)
917,098,861
TOTAL LONG-TERM INVESTMENTS
(Cost $874,123,044)
917,098,861
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM INVESTMENTS -  0.8%
7465000
MUNICIPAL BONDS - 0.8%
7465000
ALABAMA - 0.2%
2,200,000
(a),(g)
Black Belt Energy Gas District, Alabama, Gas Project Revenue
Bonds, Tender Option Bond Trust Series 2022-XM1080
3
.350
02/01/28
2,200,000
TOTAL ALABAMA
2,200,000
MINNESOTA - 0.3%
2,000,000
(g)
Rochester, Minnesota, Health Care Facilities Revenue Bonds,
Mayo Clinic, Series 2025C
2
.800
11/15/64
2,000,000
1,000,000
(g)
Rochester, Minnesota, Health Care Facilities Revenue Bonds,
Mayo Clinic, Series 2025D
2
.500
11/15/64
1,000,000
TOTAL MINNESOTA
3,000,000
WASHINGTON - 0.3%
2,265,000
(g)
Port of Tacoma, Washington, Revenue Bonds, Subordinate Lien
Series 2008B
2
.690
12/01/44
2,265,000
TOTAL WASHINGTON
2,265,000
TOTAL MUNICIPAL BONDS
(Cost $7,465,000)
7,465,000
TOTAL SHORT-TERM INVESTMENTS
(Cost $7,465,000)
7,465,000
TOTAL INVESTMENTS - 101.9%
(Cost $881,588,044)
924,563,861
FLOATING RATE OBLIGATIONS - (3.1)%
(
27,880,000
)
OTHER ASSETS & LIABILITIES, NET -  1.2%
10,856,697
NET ASSETS APPLICABLE TO COMMON SHARES - 100%
$
907,540,558
AMT
Alternative Minimum Tax
ETM
Escrowed to maturity
UB
Underlying bond of an inverse floating rate trust reflected as a financing transaction. Inverse floating rate trust is a Recourse
Trust unless otherwise noted.
(a)
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 $32,752,180 or 3.5% of Total Investments.
(b)
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.
(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.
Portfolio of Investments June 30, 2026
(continued)
NXP
20
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the
applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not
include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in
financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For
a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund’s investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/
Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an
independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to
maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements
for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs
are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about
the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the
circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit
spreads, etc.).
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of
investments).
The following table summarizes the market value of the Fund's investments, 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:
(d)
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.
(e)
Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding.
The rate shown is the coupon as of the end of the fiscal period.
(f)
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse
floating rate transactions.
(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.
NXP
Level 1
Level 2
Level 3
Total
Long-Term Investments:
Municipal Bonds
$
–
$
917,098,861
$
–
$
917,098,861
Short-Term Investments:
Municipal Bonds
–
7,465,000
–
7,465,000
$
–
$
924,563,861
$
–
$
924,563,861
Liabilities at Fair Value:
Floating Rate Obligations
$
–
$
27,880,000
$
–
$
27,880,000
$
–
$
27,880,000
$
–
$
27,880,000
Assets at Fair Value:
Receivable for sale of Vistra Vision interest
$
–
$
1,612,583
$
–
$
1,612,583
$
–
$
1,612,583
$
–
$
1,612,583