| Principal Amount | Value | |
| Long-Term Bonds 26.6% | ||
| Asset-Backed Securities 2.9% | ||
| Automobile Asset-Backed Securities 1.8% | ||
| American Credit Acceptance Receivables Trust (a) | ||
| Series 2026-2, Class D | ||
| 5.18%, due 6/8/32 | $ 470,000 | $ 465,157 |
| Series 2024-4, Class D | ||
| 5.34%, due 8/12/31 | 380,000 | 381,930 |
| AutoNation Finance Trust | ||
| Series 2026-1A, Class C | ||
| 4.56%, due 10/14/31 (a) | 340,000 | 335,364 |
| Avis Budget Rental Car Funding AESOP LLC (a) | ||
| Series 2023-1A, Class A | ||
| 5.25%, due 4/20/29 | 350,000 | 352,653 |
| Series 2024-1A, Class B | ||
| 5.85%, due 6/20/30 | 480,000 | 486,672 |
| Series 2023-6A, Class B | ||
| 6.40%, due 12/20/29 | 310,000 | 317,320 |
| Bridgecrest Lending Auto Securitization Trust | ||
| Series 2026-1, Class D | ||
| 4.99%, due 11/17/31 | 330,000 | 324,839 |
| Series 2025-4, Class D | ||
| 5.41%, due 8/15/31 | 440,000 | 439,161 |
| Series 2025-2, Class D | ||
| 5.62%, due 3/17/31 | 450,000 | 453,328 |
| Exeter Automobile Receivables Trust | ||
| Series 2025-5A, Class D | ||
| 5.16%, due 3/15/32 | 380,000 | 377,021 |
| Series 2026-3A, Class D | ||
| 5.44%, due 10/15/32 | 370,000 | 368,839 |
| First Investors Auto Owner Trust | ||
| Series 2025-1A, Class C | ||
| 4.75%, due 12/15/31 (a) | 370,000 | 367,491 |
| Ford Credit Floorplan Master Owner Trust A | ||
| Series 2025-2, Class A1 | ||
| 4.06%, due 9/15/30 | 400,000 | 395,850 |
| GLS Auto Receivables Issuer Trust | ||
| Series 2026-2A, Class D | ||
| 5.38%, due 1/15/32 (a) | 380,000 | 377,899 |
| GLS Auto Select Receivables Trust | ||
| Series 2024-2A, Class D | ||
| 6.37%, due 8/15/31 (a) | 225,000 | 231,157 |
| GM Financial Revolving Receivables Trust | ||
| Series 2025-1, Class A | ||
| 4.64%, due 12/11/37 (a) | 370,000 | 368,926 |
| Hertz Vehicle Financing LLC | ||
| Series 2022-2A, Class A | ||
| 2.33%, due 6/26/28 (a) | 395,000 | 388,572 |
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Automobile Asset-Backed Securities | ||
| LAD Auto Receivables Trust | ||
| Series 2026-1A, Class A3 | ||
| 3.92%, due 4/15/31 (a) | $ 600,000 | $ 591,581 |
| M&T Bank Auto Receivables Trust | ||
| Series 2025-1A, Class A4 | ||
| 4.89%, due 7/15/32 (a) | 500,000 | 501,998 |
| Santander Drive Auto Receivables Trust | ||
| Series 2026-1, Class D | ||
| 4.75%, due 4/15/32 | 400,000 | 391,450 |
| 7,917,208 | ||
| Credit Card Asset-Backed Securities 0.1% | ||
| Capital One Multi-Asset Execution Trust | ||
| Series 2026-A2, Class A | ||
| 5.11%, due 7/15/38 | 370,000 | 367,330 |
| First National Master Note Trust | ||
| Series 2024-1, Class A | ||
| 5.34%, due 5/15/30 | 350,000 | 352,646 |
| 719,976 | ||
| Home Equity Asset-Backed Security 0.1% | ||
| J.P. Morgan Mortgage Trust ACES | ||
| Series 2026-ACES1, Class A2 | ||
| 5.161%, due 4/25/66 (a)(b) | 450,000 | 438,813 |
| Other Asset-Backed Securities 0.9% | ||
| American Airlines Pass-Through Trust | ||
| Series 2026-2, Class B | ||
| 6.30%, due 8/20/35 | 330,000 | 329,295 |
| Dell Equipment Finance Trust | ||
| Series 2026-1A, Class A3 | ||
| 4.32%, due 12/22/31 (a) | 380,000 | 378,417 |
| FirstKey Homes Trust | ||
| Series 2022-SFR2, Class C | ||
| 4.50%, due 7/17/39 (a) | 368,586 | 364,677 |
| Navient Refinance Loan Trust (a) | ||
| Series 2025-B, Class A | ||
| 4.72%, due 9/15/55 | 460,296 | 454,380 |
| Series 2026-B, Class A | ||
| 5.07%, due 6/15/56 | 370,000 | 367,998 |
| Point Broadband Funding LLC | ||
| Series 2025-1A, Class A2 | ||
| 5.336%, due 7/20/55 (a) | 400,000 | 393,669 |
| Shentel Issuer LLC | ||
| Series 2025-1A, Class A2 | ||
| 5.64%, due 12/20/55 (a) | 330,000 | 330,405 |
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Other Asset-Backed Securities | ||
| Tricon Residential Trust | ||
| Series 2024-SFR1, Class A | ||
| 4.65%, due 4/17/41 (a) | $ 499,293 | $ 492,666 |
| Verizon Master Trust | ||
| Series 2024-7, Class A | ||
| 4.35%, due 8/20/32 (a) | 300,000 | 297,015 |
| Zayo Issuer LLC (a) | ||
| Series 2026-1A, Class A2 | ||
| 5.546%, due 4/20/56 | 240,000 | 237,441 |
| Series 2025-2A, Class A2 | ||
| 5.953%, due 6/20/55 | 400,000 | 402,587 |
| 4,048,550 | ||
| Total Asset-Backed Securities (Cost $13,201,874) | 13,124,547 | |
| Corporate Bonds 8.6% | ||
| Agriculture 0.1% | ||
| Altria Group, Inc. | ||
| 2.45%, due 2/4/32 | 365,000 | 317,865 |
| Auto Manufacturers 0.3% | ||
| Daimler Truck Finance North America LLC | ||
| 5.25%, due 1/13/30 (a) | 325,000 | 327,309 |
| Ford Motor Credit Co. LLC | ||
| 5.73%, due 9/5/30 | 600,000 | 600,260 |
| 5.875%, due 11/7/29 | 305,000 | 307,524 |
| Hyundai Capital America | ||
| 4.875%, due 6/23/27 (a) | 335,000 | 336,167 |
| 1,571,260 | ||
| Banks 1.6% | ||
| Banco Bilbao Vizcaya Argentaria SA | ||
| 5.127%, due 3/3/36 (c) | 400,000 | 381,657 |
| Bank of America Corp. | ||
| 5.518%, due 10/25/35 (d) | 505,000 | 499,355 |
| Barclays plc | ||
| 4.521%, due 2/24/32 (d) | 330,000 | 318,925 |
| BPCE SA | ||
| 5.184%, due 6/2/32 (a)(d) | 330,000 | 326,170 |
| Citizens Financial Group, Inc. | ||
| 5.299% (5 Year Treasury Constant Maturity Rate + 1.45%), due 1/29/36 (e) | 390,000 | 381,809 |
| Goldman Sachs Group, Inc. (The) (d) | ||
| 4.516%, due 1/21/32 | 555,000 | 538,674 |
| 5.065%, due 1/21/37 | 190,000 | 180,966 |
| HSBC Holdings plc | ||
| 7.39%, due 11/3/28 (d) | 470,000 | 484,612 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Banks | ||
| Huntington Bancshares, Inc. | ||
| 4.623%, due 1/28/32 (d) | $ 390,000 | $ 379,448 |
| Intesa Sanpaolo SpA | ||
| 5.20% (1 Year Treasury Constant Maturity Rate + 0.95%), due 6/29/32 (a)(e) | 205,000 | 202,703 |
| Morgan Stanley (d) | ||
| Series I | ||
| 4.356%, due 10/22/31 | 310,000 | 300,316 |
| Series I | ||
| 4.892%, due 10/22/36 | 185,000 | 175,384 |
| 5.17%, due 7/14/32 | 295,000 | 293,886 |
| Morgan Stanley Private Bank NA | ||
| 4.734%, due 7/18/31 (d) | 385,000 | 380,028 |
| PNC Financial Services Group, Inc. (The) | ||
| 6.615%, due 10/20/27 (d) | 545,000 | 547,314 |
| Santander Holdings USA, Inc. | ||
| 5.22%, due 6/5/32 (d) | 445,000 | 439,118 |
| U.S. Bancorp | ||
| 5.47%, due 7/27/37 (d) | 330,000 | 326,729 |
| Wells Fargo & Co. | ||
| 4.844%, due 5/20/32 (d) | 415,000 | 409,350 |
| Zions Bancorp NA | ||
| 5.239%, due 10/1/29 (d) | 435,000 | 435,172 |
| 7,001,616 | ||
| Biotechnology 0.1% | ||
| Amgen, Inc. | ||
| 5.15%, due 3/2/28 | 300,000 | 302,309 |
| Building Materials 0.1% | ||
| EMRLD Borrower LP | ||
| 6.625%, due 12/15/30 (a) | 300,000 | 304,919 |
| Chemicals 0.1% | ||
| Dow Chemical Co. (The) | ||
| 4.80%, due 1/15/31 | 390,000 | 383,260 |
| Olin Corp. | ||
| 5.00%, due 2/1/30 | 320,000 | 307,322 |
| 690,582 | ||
| Commercial Services 0.3% | ||
| Brink's Co. (The) | ||
| 6.50%, due 6/15/29 (a) | 295,000 | 300,333 |
| Equifax, Inc. | ||
| 5.65%, due 8/15/33 | 360,000 | 361,182 |
| Global Payments, Inc. | ||
| 2.15%, due 1/15/27 | 400,000 | 395,980 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Commercial Services | ||
| Sunbelt Rentals Holdings, Inc. | ||
| 4.95%, due 8/12/30 (a) | $ 440,000 | $ 436,445 |
| 1,493,940 | ||
| Computers 0.1% | ||
| Booz Allen Hamilton, Inc. | ||
| 5.90%, due 1/30/34 | 330,000 | 326,361 |
| Hewlett Packard Enterprise Co. | ||
| 4.55%, due 10/15/29 | 270,000 | 267,076 |
| 593,437 | ||
| Cosmetics & Personal Care 0.1% | ||
| Edgewell Personal Care Co. | ||
| 4.125%, due 4/1/29 (a) | 330,000 | 317,542 |
| Diversified Financial Services 0.6% | ||
| Aircastle Ltd. | ||
| 5.00%, due 5/15/31 (a) | 445,000 | 437,438 |
| Ally Financial, Inc. | ||
| 5.548%, due 7/31/33 (d) | 395,000 | 389,173 |
| Bread Financial Holdings, Inc. | ||
| 6.75%, due 5/15/31 (a) | 310,000 | 316,030 |
| Capital One Financial Corp. | ||
| 6.183%, due 1/30/36 (d) | 335,000 | 335,970 |
| Equitable America Global Funding | ||
| 4.95%, due 6/9/30 (a) | 390,000 | 386,562 |
| OneMain Finance Corp. | ||
| 6.625%, due 5/15/29 | 310,000 | 313,793 |
| Synchrony Financial (d) | ||
| 5.45%, due 10/15/30 | 345,000 | 345,458 |
| 5.45%, due 3/6/31 | 320,000 | 318,832 |
| 2,843,256 | ||
| Electric 1.6% | ||
| Arizona Public Service Co. | ||
| 5.55%, due 8/1/33 | 415,000 | 418,438 |
| Duke Energy Carolinas LLC | ||
| 4.95%, due 1/15/33 | 195,000 | 193,299 |
| Duke Energy Corp. | ||
| 4.50%, due 8/15/32 | 140,000 | 135,228 |
| Duke Energy Ohio, Inc. | ||
| 5.25%, due 4/1/33 | 70,000 | 70,094 |
| 5.30%, due 6/15/35 | 700,000 | 692,255 |
| Entergy Arkansas LLC | ||
| 5.15%, due 1/15/33 | 220,000 | 219,538 |
| Entergy Louisiana LLC | ||
| 5.15%, due 9/15/34 | 375,000 | 371,327 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Electric | ||
| Evergy Kansas Central, Inc. | ||
| 5.30%, due 7/1/36 | $ 410,000 | $ 403,169 |
| National Rural Utilities Cooperative Finance Corp. | ||
| 4.30%, due 12/10/30 (c) | 345,000 | 336,881 |
| Pacific Gas and Electric Co. | ||
| 5.25%, due 2/1/32 | 410,000 | 408,695 |
| 5.45%, due 6/15/27 | 400,000 | 402,345 |
| 5.60%, due 8/15/36 | 330,000 | 323,698 |
| 6.10%, due 1/15/29 | 240,000 | 246,275 |
| 6.40%, due 6/15/33 | 110,000 | 115,043 |
| PECO Energy Co. | ||
| 4.90%, due 6/15/33 (c) | 310,000 | 307,281 |
| Public Service Co. of Oklahoma | ||
| 5.45%, due 1/15/36 | 305,000 | 301,373 |
| Southern California Edison Co. | ||
| 4.95%, due 9/15/31 | 445,000 | 439,755 |
| Southern Co. (The) | ||
| 5.70%, due 10/15/32 | 100,000 | 102,905 |
| Southwestern Public Service Co. | ||
| 5.30%, due 8/15/36 | 325,000 | 316,322 |
| Virginia Electric and Power Co. | ||
| 5.05%, due 8/15/34 | 375,000 | 367,156 |
| Vistra Operations Co. LLC | ||
| 5.25%, due 4/30/33 (a) | 300,000 | 293,320 |
| Xcel Energy, Inc. | ||
| 5.50%, due 3/15/34 | 290,000 | 289,482 |
| XPLR Infrastructure Operating Partners LP | ||
| 7.25%, due 1/15/29 (a)(c) | 295,000 | 304,230 |
| 7,058,109 | ||
| Healthcare-Services 0.1% | ||
| HCA, Inc. | ||
| 3.625%, due 3/15/32 | 360,000 | 331,247 |
| Insurance 0.3% | ||
| GA Global Funding Trust | ||
| 5.40%, due 1/13/30 (a) | 645,000 | 642,808 |
| Lincoln Financial Global Funding | ||
| 5.30%, due 1/13/30 (a) | 430,000 | 431,600 |
| RGA Global Funding | ||
| 6.00%, due 11/21/28 (a) | 445,000 | 455,419 |
| 1,529,827 | ||
| Internet 0.4% | ||
| Amazon.com, Inc. | ||
| 2.10%, due 5/12/31 | 430,000 | 378,201 |
| Go Daddy Operating Co. LLC | ||
| 3.50%, due 3/1/29 (a) | 330,000 | 308,762 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Internet | ||
| Match Group Holdings II LLC | ||
| 4.125%, due 8/1/30 (a) | $ 330,000 | $ 308,759 |
| Meta Platforms, Inc. | ||
| 4.60%, due 11/15/32 | 640,000 | 616,065 |
| 1,611,787 | ||
| Leisure Time 0.1% | ||
| Carnival Corp. Ltd. | ||
| 4.00%, due 8/1/28 (a) | 395,000 | 386,921 |
| Media 0.4% | ||
| CCO Holdings LLC | ||
| 5.375%, due 6/1/29 (a) | 310,000 | 301,061 |
| Charter Communications Operating LLC | ||
| 2.80%, due 4/1/31 (c) | 765,000 | 669,681 |
| 6.384%, due 10/23/35 | 370,000 | 358,052 |
| Sirius XM Radio LLC | ||
| 4.125%, due 7/1/30 (a) | 330,000 | 308,448 |
| 1,637,242 | ||
| Oil & Gas 0.2% | ||
| Antero Resources Corp. | ||
| 5.40%, due 2/1/36 | 330,000 | 317,516 |
| Hilcorp Energy I LP | ||
| 5.75%, due 2/1/29 (a) | 310,000 | 309,393 |
| SM Energy Co. | ||
| 6.75%, due 8/1/29 (a) | 300,000 | 304,353 |
| 931,262 | ||
| Pipelines 0.6% | ||
| Columbia Pipelines Holding Co. LLC | ||
| 5.097%, due 10/1/31 (a) | 320,000 | 316,869 |
| Columbia Pipelines Operating Co. LLC | ||
| 5.927%, due 8/15/30 (a) | 270,000 | 278,701 |
| Energy Transfer LP | ||
| 3.75%, due 5/15/30 | 185,000 | 177,110 |
| 5.75%, due 2/15/33 | 205,000 | 209,300 |
| MPLX LP | ||
| 5.50%, due 6/1/34 | 385,000 | 383,443 |
| Plains All American Pipeline LP | ||
| 4.70%, due 1/15/31 | 400,000 | 393,232 |
| Targa Resources Partners LP | ||
| 5.50%, due 3/1/30 | 755,000 | 759,741 |
| 2,518,396 | ||
| Real Estate Investment Trusts 0.3% | ||
| American Tower Corp. | ||
| 2.10%, due 6/15/30 | 660,000 | 591,893 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Real Estate Investment Trusts | ||
| GLP Capital LP | ||
| 4.00%, due 1/15/30 | $ 400,000 | $ 381,779 |
| XHR LP | ||
| 6.625%, due 5/15/30 (a) | 305,000 | 311,506 |
| 1,285,178 | ||
| Retail 0.1% | ||
| LCM Investments Holdings II LLC | ||
| 4.875%, due 5/1/29 (a) | 320,000 | 312,144 |
| Nordstrom, Inc. | ||
| 4.375%, due 4/1/30 | 330,000 | 315,391 |
| 627,535 | ||
| Semiconductors 0.2% | ||
| Broadcom, Inc. | ||
| 2.60%, due 2/15/33 | 120,000 | 101,071 |
| 5.05%, due 4/15/30 | 460,000 | 458,913 |
| Foundry JV Holdco LLC | ||
| 5.90%, due 1/25/33 (a) | 310,000 | 315,720 |
| 875,704 | ||
| Software 0.2% | ||
| Fiserv, Inc. | ||
| 4.55%, due 2/15/31 | 595,000 | 576,133 |
| Oracle Corp. | ||
| 4.80%, due 9/26/32 | 275,000 | 253,110 |
| 829,243 | ||
| Telecommunications 0.7% | ||
| AT&T, Inc. | ||
| 2.25%, due 2/1/32 | 415,000 | 356,385 |
| 4.35%, due 3/1/29 | 955,000 | 943,278 |
| 4.55%, due 11/1/32 | 500,000 | 480,301 |
| PR RNO Property Owner 1 LLC | ||
| 6.50%, due 5/1/31 (a) | 315,000 | 296,610 |
| Verizon Communications, Inc. | ||
| 4.75%, due 1/15/33 | 700,000 | 678,038 |
| 6.20% (5 Year Treasury Constant Maturity Rate + 2.042%), due 5/14/56 (e) | 490,000 | 479,541 |
| 3,234,153 | ||
| Total Corporate Bonds (Cost $38,564,542) | 38,293,330 | |
| Mortgage-Backed Securities 3.4% | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) 2.5% | ||
| BAMLL Commercial Mortgage Securities Trust | ||
| Series 2014-520M, Class A | ||
| 4.185%, due 8/15/46 (a)(f) | 420,000 | 377,223 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) | ||
| BX Commercial Mortgage Trust | ||
| Series 2020-VIV4, Class A | ||
| 2.843%, due 3/9/44 (a) | $ 560,000 | $ 515,362 |
| BX Trust (a) | ||
| Series 2019-OC11, Class C | ||
| 3.856%, due 12/9/41 | 360,000 | 340,252 |
| Series 2025-ARIA, Class A | ||
| 5.031%, due 12/13/42 (f) | 380,000 | 377,475 |
| Series 2025-VLT7, Class A | ||
| 5.376% (1 Month SOFR + 1.70%), due 7/15/44 (e) | 385,000 | 383,917 |
| Citigroup Commercial Mortgage Trust | ||
| Series 2020-GC46, Class A5 | ||
| 2.717%, due 2/15/53 | 1,000,000 | 915,714 |
| Series 2026-MFAM1, Class AS | ||
| 6.087%, due 7/15/59 (f) | 330,000 | 337,208 |
| CSMC Trust | ||
| Series 2017-TIME, Class A | ||
| 3.646%, due 11/13/39 (a) | 250,000 | 239,472 |
| Durst Commercial Mortgage Trust | ||
| Series 2025-151, Class A | ||
| 5.145%, due 8/10/42 (a)(f) | 400,000 | 398,844 |
| ESTN Trust | ||
| Series 2026-TOWN, Class B | ||
| 5.553%, due 5/12/46 (a)(f) | 400,000 | 395,692 |
| GNMA | ||
| REMIC, Series 2025-125, Class JA | ||
| 5.00%, due 11/16/50 (f) | 442,008 | 439,313 |
| Grace Trust (a) | ||
| Series 2020-GRCE, Class A | ||
| 2.347%, due 12/10/40 | 355,000 | 314,455 |
| Series 2020-GRCE, Class D | ||
| 2.68%, due 12/10/40 (f) | 360,000 | 315,013 |
| Houston Galleria Mall Trust | ||
| Series 2025-HGLR, Class A | ||
| 5.462%, due 2/5/45 (a)(f) | 500,000 | 500,855 |
| J.P. Morgan Chase Commercial Mortgage Securities Trust | ||
| Series 2022-NLP, Class A | ||
| 4.523% (1 Month SOFR + 0.847%), due 4/15/37 (a)(e) | 385,103 | 381,974 |
| JPMF1 Multifamily Mortgage Trust | ||
| Series 2026-FX1, Class AS | ||
| 5.617%, due 5/15/59 (f) | 490,000 | 491,898 |
| LBTY Commercial Mortgage Trust | ||
| Series 2026-225L, Class B | ||
| 4.885%, due 2/10/43 (a)(f) | 330,000 | 321,777 |
| LONG Trust | ||
| Series 2026-ISL, Class A | ||
| 5.376% (1 Month SOFR + 1.70%), due 6/15/43 (a)(e) | 330,000 | 329,427 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) | ||
| Manhattan West Mortgage Trust (a)(f) | ||
| Series 2020-1MW, Class C | ||
| 2.335%, due 9/10/39 | $ 520,000 | $ 502,829 |
| Series 2026-2MW, Class B | ||
| 5.534%, due 6/10/48 | 400,000 | 394,270 |
| NJ Trust | ||
| Series 2025-WBRK, Class A | ||
| 5.867%, due 3/5/35 (a)(f) | 450,000 | 456,095 |
| NYC Commercial Mortgage Trust | ||
| Series 2025-28L, Class B | ||
| 5.007%, due 11/5/38 (a)(f) | 353,000 | 350,447 |
| NYC Trust | ||
| Series 2026-9W57, Class A | ||
| 4.89%, due 6/6/40 (a)(f) | 500,000 | 492,752 |
| PFDR Trust | ||
| Series 2026-DLVR, Class B | ||
| 5.776% (1 Month SOFR + 2.10%), due 6/15/43 (a)(e) | 260,000 | 260,163 |
| RFR Trust | ||
| Series 2025-SGRM, Class A | ||
| 5.379%, due 3/11/41 (a)(f) | 380,000 | 380,201 |
| SLG Office Trust | ||
| Series 2021-OVA, Class B | ||
| 2.707%, due 7/15/41 (a) | 500,000 | 439,726 |
| SWCH Commercial Mortgage Trust | ||
| Series 2025-DATA, Class A | ||
| 5.119% (1 Month SOFR + 1.443%), due 2/15/42 (a)(e) | 470,000 | 466,487 |
| 11,118,841 | ||
| Whole Loan (Collateralized Mortgage Obligations) 0.9% | ||
| BRAVO Residential Funding Trust | ||
| Series 2023-NQM8, Class A1 | ||
| 6.394%, due 10/25/63 (a)(g) | 232,902 | 232,910 |
| Citigroup Mortgage Loan Trust | ||
| Series 2026-LTV1, Class A1 | ||
| 5.759%, due 5/25/66 (a)(b) | 490,000 | 489,211 |
| CLIP Trust | ||
| Series 2026-NQM1, Class A1 | ||
| 5.221%, due 5/25/71 (a)(b) | 432,669 | 429,213 |
| Connecticut Avenue Securities Trust | ||
| Series 2022-R06, Class 1M2 | ||
| 7.466% (SOFR 30A + 3.85%), due 5/25/42 (a)(e) | 620,000 | 634,096 |
| FHLMC STACR REMIC Trust | ||
| Series 2022-HQA3, Class M1B | ||
| 7.166% (SOFR 30A + 3.55%), due 8/25/42 (a)(e) | 650,000 | 667,496 |
| OBX Trust | ||
| Series 2026-NQM8, Class A1 | ||
| 5.297%, due 5/25/66 (a)(b) | 324,899 | 323,454 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Whole Loan (Collateralized Mortgage Obligations) | ||
| Sequoia Mortgage Trust | ||
| Series 2026-5, Class A26F | ||
| 5.316% (SOFR 30A + 1.70%), due 5/25/56 (a)(e) | $ 492,130 | $ 491,397 |
| SG Residential Mortgage Trust | ||
| Series 2026-1, Class A1 | ||
| 4.782%, due 1/25/66 (a)(b) | 419,822 | 414,004 |
| Structured Agency Credit Risk | ||
| Series 2026-DNA1, Class M2 | ||
| 4.916% (SOFR 30A + 1.30%), due 2/25/46 (a)(e) | 330,000 | 330,378 |
| 4,012,159 | ||
| Total Mortgage-Backed Securities (Cost $15,347,509) | 15,131,000 | |
| U.S. Government & Federal Agencies 11.7% | ||
| Federal Home Loan Mortgage Corporation (Mortgage Pass-Through Security) 0.3% | ||
| UMBS Pool, 30 Year | ||
| 5.50%, due 2/1/55 | 1,224,136 | 1,212,474 |
| Government National Mortgage Association (Mortgage Pass-Through Security) 0.0% ‡ | ||
| GNMA | ||
| 4.50% (1 Year Treasury Constant Maturity Rate + 1.50%), due 5/20/56 (e) | 308,874 | 303,936 |
| United States Treasury Notes 11.4% | ||
| U.S. Treasury Notes | ||
| 4.125%, due 7/15/29 | 9,403,600 | 9,350,705 |
| 4.25%, due 7/31/28 | 14,785,000 | 14,779,802 |
| 4.375%, due 7/31/31 | 8,960,000 | 8,939,700 |
| 4.375%, due 7/31/33 | 15,135,000 | 14,962,366 |
| 4.375%, due 5/15/36 | 3,142,400 | 3,059,912 |
| 51,092,485 | ||
| Total U.S. Government & Federal Agencies (Cost $52,762,686) | 52,608,895 | |
| Total Long-Term Bonds (Cost $119,876,611) | 119,157,772 | |
| Shares | ||
| Common Stocks 63.2% | ||
| Aerospace & Defense 0.9% | ||
| L3Harris Technologies, Inc. | 14,173 | 3,926,771 |
| Automobile Components 0.7% | ||
| Gentex Corp. | 130,363 | 3,045,280 |
| Shares | Value | |
| Common Stocks | ||
| Banks 5.1% | ||
| Huntington Bancshares, Inc. | 257,258 | $ 4,383,676 |
| JPMorgan Chase & Co. | 28,903 | 10,167,787 |
| M&T Bank Corp. | 18,156 | 4,471,641 |
| PNC Financial Services Group, Inc. (The) | 15,776 | 3,941,949 |
| 22,965,053 | ||
| Beverages 0.8% | ||
| Keurig Dr Pepper, Inc. | 122,310 | 3,806,287 |
| Biotechnology 1.0% | ||
| Gilead Sciences, Inc. | 33,568 | 4,370,889 |
| Building Products 1.0% | ||
| Johnson Controls International plc | 29,511 | 4,328,083 |
| Capital Markets 7.0% | ||
| Ares Management Corp. | 30,364 | 3,889,325 |
| Intercontinental Exchange, Inc. | 33,065 | 5,041,751 |
| KKR & Co., Inc. | 45,158 | 4,580,376 |
| LPL Financial Holdings, Inc. | 13,219 | 4,675,560 |
| Nasdaq, Inc. | 44,275 | 4,170,262 |
| Raymond James Financial, Inc. | 25,634 | 4,511,072 |
| S&P Global, Inc. | 10,639 | 4,382,523 |
| 31,250,869 | ||
| Communications Equipment 2.2% | ||
| Cisco Systems, Inc. | 53,883 | 6,249,889 |
| F5, Inc. (h) | 9,121 | 3,671,841 |
| 9,921,730 | ||
| Consumer Staples Distribution & Retail 1.1% | ||
| U.S. Foods Holding Corp. (h) | 48,403 | 4,868,858 |
| Diversified Consumer Services 0.7% | ||
| H&R Block, Inc. | 71,705 | 3,157,171 |
| Electric Utilities 0.8% | ||
| American Electric Power Co., Inc. | 29,065 | 3,715,960 |
| Electrical Equipment 1.8% | ||
| Eaton Corp. plc | 10,346 | 4,295,659 |
| Emerson Electric Co. | 25,448 | 3,812,620 |
| 8,108,279 | ||
| Food Products 0.8% | ||
| Archer-Daniels-Midland Co. | 43,465 | 3,445,471 |
| Shares | Value | |
| Common Stocks | ||
| Gas Utilities 0.8% | ||
| Atmos Energy Corp. | 20,397 | $ 3,524,194 |
| Health Care Equipment & Supplies 0.8% | ||
| Stryker Corp. | 11,378 | 3,705,815 |
| Health Care Providers & Services 2.5% | ||
| Elevance Health, Inc. | 13,612 | 5,115,934 |
| UnitedHealth Group, Inc. | 15,091 | 6,253,711 |
| 11,369,645 | ||
| Industrial Conglomerates 0.9% | ||
| 3M Co. | 22,753 | 4,010,899 |
| Insurance 4.9% | ||
| American International Group, Inc. | 52,391 | 4,116,885 |
| Chubb Ltd. | 11,523 | 4,040,886 |
| Marsh & McLennan Cos., Inc. | 24,560 | 4,658,786 |
| MetLife, Inc. | 45,807 | 4,403,427 |
| Progressive Corp. (The) | 22,186 | 4,690,564 |
| 21,910,548 | ||
| Interactive Media & Services 0.8% | ||
| Alphabet, Inc., Class C | 9,602 | 3,424,553 |
| IT Services 0.7% | ||
| Amdocs Ltd. | 57,449 | 3,201,058 |
| Machinery 1.5% | ||
| Middleby Corp. (The) (h) | 26,068 | 3,482,163 |
| PACCAR, Inc. | 26,211 | 3,477,676 |
| 6,959,839 | ||
| Metals & Mining 0.8% | ||
| Freeport-McMoRan, Inc. | 60,130 | 3,765,942 |
| Multi-Utilities 1.0% | ||
| Sempra | 50,488 | 4,470,712 |
| Oil, Gas & Consumable Fuels 3.6% | ||
| Antero Resources Corp. (h) | 94,925 | 3,430,589 |
| Diamondback Energy, Inc. | 25,081 | 5,090,189 |
| Marathon Petroleum Corp. | 11,095 | 3,511,235 |
| Targa Resources Corp. | 15,216 | 4,113,950 |
| 16,145,963 | ||
| Shares | Value | |
| Common Stocks | ||
| Personal Care Products 1.0% | ||
| Unilever plc, Sponsored ADR (United Kingdom) | 68,363 | $ 4,334,898 |
| Pharmaceuticals 6.7% | ||
| AstraZeneca plc (United Kingdom) | 17,822 | 3,023,324 |
| Eli Lilly & Co. | 2,398 | 2,754,918 |
| Johnson & Johnson | 29,726 | 7,620,260 |
| Merck & Co., Inc. | 54,788 | 7,133,398 |
| Pfizer, Inc. | 180,768 | 4,521,008 |
| Roche Holding AG | 5,778 | 2,526,326 |
| Zoetis, Inc. | 32,784 | 2,533,875 |
| 30,113,109 | ||
| Semiconductors & Semiconductor Equipment 2.6% | ||
| Broadcom, Inc. | 11,102 | 4,321,786 |
| NVIDIA Corp. | 20,508 | 4,116,981 |
| NXP Semiconductors NV (Netherlands) | 13,854 | 3,174,783 |
| 11,613,550 | ||
| Software 4.2% | ||
| Microsoft Corp. | 40,431 | 18,789,094 |
| Specialized REITs 1.5% | ||
| Crown Castle, Inc. | 43,259 | 3,300,662 |
| Gaming and Leisure Properties, Inc. | 74,290 | 3,327,449 |
| 6,628,111 | ||
| Specialty Retail 1.8% | ||
| Dick's Sporting Goods, Inc. | 19,477 | 3,815,739 |
| Industria de Diseno Textil SA, ADR (Spain) (c) | 263,593 | 4,307,110 |
| 8,122,849 | ||
| Technology Hardware, Storage & Peripherals 0.9% | ||
| NetApp, Inc. | 21,811 | 3,893,264 |
| Trading Companies & Distributors 0.8% | ||
| Ferguson Enterprises, Inc. | 16,492 | 3,864,570 |
| Water Utilities 0.7% | ||
| American Water Works Co., Inc. | 25,514 | 3,423,213 |
| Wireless Telecommunication Services 0.8% | ||
| T-Mobile US, Inc. | 21,144 | 3,651,780 |
| Total Common Stocks (Cost $211,604,338) | 283,834,307 | |
| Shares | Value | ||
| Exchange-Traded Funds 9.1% | |||
| iShares Intermediate Government/Credit Bond ETF (c) | 159,088 | $ 16,751,171 | |
| Vanguard Intermediate-Term Treasury ETF | 275,234 | 16,059,904 | |
| Vanguard Russell 1000 Value ETF | 74,684 | 8,246,607 | |
| Total Exchange-Traded Funds (Cost $38,837,847) | 41,057,682 | ||
| Short-Term Investments 0.8% | |||
| Affiliated Investment Company 0.6% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (i) | 2,522,085 | 2,522,085 | |
| Unaffiliated Investment Company 0.2% | |||
| Invesco Government & Agency Portfolio, 3.742% (i)(j) | 972,610 | 972,610 | |
| Total Short-Term Investments (Cost $3,494,695) | 3,494,695 | ||
| Total Investments (Cost $373,813,491) | 99.7% | 447,544,456 | |
| Other Assets, Less Liabilities | 0.3 | 1,258,202 | |
| Net Assets | 100.0% | $ 448,802,658 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| ‡ | Less than one-tenth of a percent. |
| (a) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (b) | Coupon rate may change based on changes of the underlying collateral or prepayments of principal. Rate shown was the rate in effect as of July 31, 2026. |
| (c) | All or a portion of this security was held on loan. As of July 31, 2026, the aggregate market value of securities on loan was $952,465; the total market value of collateral held by the Fund was $985,059. The market value of the collateral held included non-cash collateral in the form of U.S. Treasury securities with a value of $12,449. The Fund received cash collateral with a value of $972,610. |
| (d) | Fixed to floating rate—Rate shown was the rate in effect as of July 31, 2026. |
| (e) | Floating rate—Rate shown was the rate in effect as of July 31, 2026. |
| (f) | Collateral strip rate—A bond whose interest was based on the weighted net interest rate of the collateral. The coupon rate adjusts periodically based on a predetermined schedule. Rate shown was the rate in effect as of July 31, 2026. |
| (g) | Step coupon—Rate shown was the rate in effect as of July 31, 2026. |
| (h) | Non-income producing security. |
| (i) | Current yield as of July 31, 2026. |
| (j) | Represents a security purchased with cash collateral received for securities on loan. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ 3,127 | $ 38,755 | $ (39,360) | $ — | $ — | $ 2,522 | $ 63 | $ — | 2,522 |
| Abbreviation(s): |
| ACES—Alternative Credit Enhancement Securities |
| ADR—American Depositary Receipt |
| ETF—Exchange-Traded Fund |
| FHLMC—Federal Home Loan Mortgage Corp. |
| GNMA—Government National Mortgage Association |
| REIT—Real Estate Investment Trust |
| REMIC—Real Estate Mortgage Investment Conduit |
| SOFR—Secured Overnight Financing Rate |
| STACR—Structured Agency Credit Risk |
| UMBS—Uniform Mortgage Backed Securities |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Long-Term Bonds | |||||||
| Asset-Backed Securities | $ — | $ 13,124,547 | $ — | $ 13,124,547 | |||
| Corporate Bonds | — | 38,293,330 | — | 38,293,330 | |||
| Mortgage-Backed Securities | — | 15,131,000 | — | 15,131,000 | |||
| U.S. Government & Federal Agencies | — | 52,608,895 | — | 52,608,895 | |||
| Total Long-Term Bonds | — | 119,157,772 | — | 119,157,772 | |||
| Common Stocks | |||||||
| Pharmaceuticals | 27,586,783 | 2,526,326 | — | 30,113,109 | |||
| All Other Industries | 253,721,198 | — | — | 253,721,198 | |||
| Total Common Stocks | 281,307,981 | 2,526,326 | — | 283,834,307 | |||
| Exchange-Traded Funds | 41,057,682 | — | — | 41,057,682 | |||
| Short-Term Investments | |||||||
| Affiliated Investment Company | 2,522,085 | — | — | 2,522,085 | |||
| Unaffiliated Investment Company | 972,610 | — | — | 972,610 | |||
| Total Short-Term Investments | 3,494,695 | — | — | 3,494,695 | |||
| Total Investments in Securities | $ 325,860,358 | $ 121,684,098 | $ — | $ 447,544,456 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Shares | Value | |
| Common Stocks 92.6% | ||
| Argentina 2.6% | ||
| Banco BBVA Argentina SA, ADR (Banks) | 36,000 | $ 681,480 |
| Pampa Energia SA, Sponsored ADR (Electric Utilities) (a) | 10,000 | 883,200 |
| Vista Energy SAB de CV, ADR (Oil, Gas & Consumable Fuels) (a) | 3,000 | 211,350 |
| YPF SA, Sponsored ADR (Oil, Gas & Consumable Fuels) (a) | 27,000 | 1,418,580 |
| 3,194,610 | ||
| Brazil 1.9% | ||
| Banco BTG Pactual SA (Capital Markets) | 45,000 | 504,226 |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP (Water Utilities) | 80,000 | 437,154 |
| Localiza Rent a Car SA (Ground Transportation) | 30,000 | 222,582 |
| NU Holdings Ltd., Class A (Banks) (a) | 18,000 | 257,940 |
| PRIO SA (Oil, Gas & Consumable Fuels) (a) | 80,000 | 960,319 |
| 2,382,221 | ||
| Chile 0.2% | ||
| Sociedad Quimica y Minera de Chile SA, Sponsored ADR (Chemicals) | 3,000 | 201,180 |
| China 24.1% | ||
| Agricultural Bank of China Ltd., Class H (Banks) | 1,400,000 | 1,127,066 |
| Airtac International Group (Machinery) | 14,000 | 565,895 |
| Alibaba Group Holding Ltd. (Broadline Retail) | 220,000 | 3,360,386 |
| Baidu, Inc., Class A (Interactive Media & Services) (a) | 26,000 | 360,007 |
| Cambricon Technologies Corp. Ltd., Class A (Semiconductors & Semiconductor Equipment) | 2,200 | 359,132 |
| China Construction Bank Corp., Class H (Banks) | 1,580,000 | 1,856,362 |
| China Life Insurance Co. Ltd., Class H (Insurance) | 280,000 | 1,044,874 |
| China Taiping Insurance Holdings Co. Ltd. (Insurance) | 280,000 | 787,381 |
| Chongqing Rural Commercial Bank Co. Ltd., Class H (Banks) | 470,000 | 393,171 |
| CMOC Group Ltd., Class H (Metals & Mining) | 280,000 | 605,369 |
| Contemporary Amperex Technology Co. Ltd., Class A (Electrical Equipment) | 16,000 | 940,273 |
| Geely Automobile Holdings Ltd. (Automobiles) | 420,000 | 1,061,948 |
| Industrial & Commercial Bank of China Ltd., Class H (Banks) | 1,260,000 | 1,206,965 |
| JD.com, Inc., Class A (Broadline Retail) | 74,000 | 1,219,747 |
| KE Holdings, Inc., Class A (Real Estate Management & Development) | 112,000 | 630,029 |
| Lenovo Group Ltd. (Technology Hardware, Storage & Peripherals) | 280,000 | 861,058 |
| Meituan (Hotels, Restaurants & Leisure) (a)(b) | 146,000 | 1,732,886 |
| NetEase, Inc. (Entertainment) | 30,000 | 800,967 |
| Ningbo Deye Technology Corp., Class A (Electrical Equipment) | 6,000 | 72,695 |
| PDD Holdings, Inc., ADR (Broadline Retail) (a) | 8,000 | 708,480 |
| Ping An Insurance Group Co. of China Ltd., Class H (Insurance) | 112,000 | 838,599 |
| Piotech, Inc., Class A (Semiconductors & Semiconductor Equipment) | 5,600 | 549,182 |
| Shanghai Iluvatar CoreX Semiconductor Co. Ltd., Class H (Semiconductors & Semiconductor Equipment) (a)(c) | 8,000 | 427,630 |
| Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A (Electronic Equipment, Instruments & Components) | 10,000 | 252,366 |
| Tencent Holdings Ltd. (Interactive Media & Services) | 74,000 | 4,487,530 |
| Verisilicon Microelectronics Shanghai Co. Ltd., Class A (Semiconductors & Semiconductor Equipment) (a) | 5,000 | 142,160 |
| Western Mining Co. Ltd., Class A (Metals & Mining) | 156,000 | 893,262 |
| WUS Printed Circuit Kunshan Co. Ltd., Class A (Electronic Equipment, Instruments & Components) | 26,000 | 397,369 |
| WuXi AppTec Co. Ltd., Class H (Life Sciences Tools & Services) (b)(c) | 32,000 | 656,273 |
| Xiaomi Corp., Class B (Technology Hardware, Storage & Peripherals) (a)(b) | 248,000 | 908,121 |
| Shares | Value | |
| Common Stocks | ||
| China | ||
| Yuanjie Semiconductor Technology Co. Ltd., Class A (Semiconductors & Semiconductor Equipment) | 2,200 | $ 354,141 |
| Zhongji Innolight Co. Ltd., Class A (Communications Equipment) | 3,600 | 478,247 |
| 30,079,571 | ||
| Hungary 1.0% | ||
| OTP Bank Nyrt. (Banks) | 8,800 | 1,301,635 |
| India 11.5% | ||
| Apollo Hospitals Enterprise Ltd. (Health Care Providers & Services) | 11,200 | 1,050,991 |
| Axis Bank Ltd. (Banks) | 58,000 | 747,614 |
| Bharti Airtel Ltd. (Wireless Telecommunication Services) | 28,000 | 578,845 |
| BSE Ltd. (Capital Markets) | 16,000 | 613,137 |
| Coforge Ltd. (IT Services) | 85,000 | 1,533,675 |
| Data Patterns India Ltd. (Aerospace & Defense) | 20,000 | 897,748 |
| Eternal Ltd. (Hotels, Restaurants & Leisure) (a) | 310,000 | 983,216 |
| Fortis Healthcare Ltd. (Health Care Providers & Services) | 64,000 | 635,099 |
| FSN E-Commerce Ventures Ltd. (Specialty Retail) (a) | 310,000 | 1,084,877 |
| GE Vernova T&D India Ltd. (Electrical Equipment) | 10,000 | 451,792 |
| HDFC Bank Ltd. (Banks) | 140,000 | 1,097,908 |
| ICICI Bank Ltd. (Banks) | 66,000 | 993,251 |
| Multi Commodity Exchange of India Ltd. (Capital Markets) | 12,000 | 339,488 |
| Navin Fluorine International Ltd. (Chemicals) | 12,800 | 1,014,960 |
| Reliance Industries Ltd. (Oil, Gas & Consumable Fuels) | 64,000 | 877,528 |
| Shriram Finance Ltd. (Consumer Finance) | 100,000 | 1,097,605 |
| State Bank of India (Banks) | 37,000 | 399,297 |
| 14,397,031 | ||
| Nigeria 0.5% | ||
| Airtel Africa plc (Wireless Telecommunication Services) (b) | 146,000 | 656,107 |
| Peru 1.8% | ||
| Cia de Minas Buenaventura SAA, ADR (Metals & Mining) | 13,300 | 402,724 |
| Credicorp Ltd. (Banks) | 3,200 | 1,281,856 |
| Intercorp Financial Services, Inc. (Banks) | 10,000 | 583,100 |
| 2,267,680 | ||
| Philippines 1.0% | ||
| International Container Terminal Services, Inc. (Transportation Infrastructure) | 83,000 | 1,301,239 |
| Poland 0.9% | ||
| Bank Millennium SA (Banks) (a) | 212,000 | 1,172,226 |
| Republic of Korea 16.8% | ||
| APR Corp. (Personal Care Products) | 3,400 | 758,511 |
| Doosan Co. Ltd. (Industrial Conglomerates) | 160 | 128,926 |
| Hana Financial Group, Inc. (Banks) | 13,200 | 1,161,096 |
| KB Financial Group, Inc. (Banks) | 11,600 | 1,371,480 |
| Shares | Value | |
| Common Stocks | ||
| Republic of Korea | ||
| Samsung C&T Corp. (Industrial Conglomerates) | 1,500 | $ 363,723 |
| Samsung Electro-Mechanics Co. Ltd. (Electronic Equipment, Instruments & Components) | 700 | 559,182 |
| Samsung Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals) | 44,000 | 7,924,295 |
| Samsung Life Insurance Co. Ltd. (Insurance) | 1,400 | 302,204 |
| Samsung SDI Co. Ltd. (Electronic Equipment, Instruments & Components) (a) | 1,000 | 278,261 |
| Samyang Foods Co. Ltd. (Food Products) | 480 | 393,497 |
| SK hynix, Inc. (Semiconductors & Semiconductor Equipment) | 4,600 | 5,053,889 |
| SK Square Co. Ltd. (Industrial Conglomerates) | 2,600 | 1,844,058 |
| SK, Inc. (Industrial Conglomerates) | 2,000 | 767,059 |
| 20,906,181 | ||
| Russia 0.0% ‡ | ||
| Magnit PJSC (Consumer Staples Distribution & Retail) (a)(d) | 6,769 | — |
| Saudi Arabia 1.2% | ||
| Al Rajhi Bank (Banks) | 88,000 | 1,466,712 |
| South Africa 1.8% | ||
| Gold Fields Ltd. (Metals & Mining) | 8,000 | 262,501 |
| MTN Group Ltd. (Wireless Telecommunication Services) | 94,000 | 1,165,917 |
| Naspers Ltd., Class N (Broadline Retail) | 15,000 | 789,640 |
| 2,218,058 | ||
| Taiwan 23.8% | ||
| Advantech Co. Ltd. (Technology Hardware, Storage & Peripherals) | 58,000 | 1,005,981 |
| ASE Technology Holding Co. Ltd. (Semiconductors & Semiconductor Equipment) | 76,000 | 1,322,858 |
| ASPEED Technology, Inc. (Semiconductors & Semiconductor Equipment) | 600 | 263,303 |
| Bizlink Holding, Inc. (Electrical Equipment) | 9,000 | 567,835 |
| Chailease Holding Co. Ltd. (Financial Services) | 295,400 | 1,014,222 |
| Chroma ATE, Inc. (Electronic Equipment, Instruments & Components) | 7,000 | 447,979 |
| CTBC Financial Holding Co. Ltd. (Banks) | 597,000 | 1,200,464 |
| Delta Electronics, Inc. (Electronic Equipment, Instruments & Components) | 24,000 | 1,184,384 |
| E Ink Holdings, Inc. (Electronic Equipment, Instruments & Components) | 48,000 | 277,758 |
| E.Sun Financial Holding Co. Ltd. (Banks) | 1,000,000 | 1,190,341 |
| Elite Material Co. Ltd. (Electronic Equipment, Instruments & Components) | 5,800 | 827,153 |
| Global Unichip Corp. (Semiconductors & Semiconductor Equipment) | 2,400 | 281,013 |
| Grand Process Technology Corp. (Semiconductors & Semiconductor Equipment) | 2,400 | 175,290 |
| Hon Precision, Inc. (Semiconductors & Semiconductor Equipment) | 1,800 | 342,639 |
| Kaori Heat Treatment Co. Ltd. (Machinery) | 7,800 | 201,141 |
| MediaTek, Inc. (Semiconductors & Semiconductor Equipment) | 21,600 | 2,311,747 |
| MPI Corp. (Semiconductors & Semiconductor Equipment) | 3,200 | 509,357 |
| Nan Ya Plastics Corp. (Chemicals) | 108,000 | 520,136 |
| Quanta Computer, Inc. (Technology Hardware, Storage & Peripherals) | 102,000 | 905,822 |
| Taiwan Mobile Co. Ltd. (Wireless Telecommunication Services) | 140,000 | 486,604 |
| Taiwan Semiconductor Manufacturing Co. Ltd. (Semiconductors & Semiconductor Equipment) | 164,000 | 12,264,219 |
| Tripod Technology Corp. (Electronic Equipment, Instruments & Components) | 28,000 | 318,515 |
| Unimicron Technology Corp. (Electronic Equipment, Instruments & Components) | 29,300 | 690,114 |
| Wistron Corp. (Technology Hardware, Storage & Peripherals) | 176,000 | 943,172 |
| Shares | Value | ||
| Common Stocks | |||
| Taiwan | |||
| Yageo Corp. (Electronic Equipment, Instruments & Components) | 26,000 | $ 391,886 | |
| 29,643,933 | |||
| Thailand 0.6% | |||
| PTT PCL, NVDR (Oil, Gas & Consumable Fuels) | 620,000 | 715,253 | |
| Turkey 2.3% | |||
| Aselsan Elektronik Sanayi ve Ticaret A/S (Aerospace & Defense) (c) | 96,000 | 691,131 | |
| Coca-Cola Icecek A/S (Beverages) | 460,000 | 883,301 | |
| Turkiye Petrol Rafinerileri A/S (Oil, Gas & Consumable Fuels) | 204,000 | 1,268,004 | |
| 2,842,436 | |||
| United States 0.6% | |||
| Laureate Education, Inc. (Diversified Consumer Services) (a) | 21,000 | 804,510 | |
| Total Common Stocks (Cost $91,047,457) | 115,550,583 | ||
| Preferred Stocks 3.8% | |||
| Brazil 1.4% | |||
| Itau Unibanco Holding SA (Banks) | 62,000 | 524,581 | |
| Petroleo Brasileiro SA - Petrobras (Oil, Gas & Consumable Fuels) 2.69% | 146,000 | 1,250,569 | |
| 1,775,150 | |||
| Colombia 0.8% | |||
| Grupo Cibest SA, ADR (Banks) | 11,000 | 1,017,720 | |
| Republic of Korea 1.6% | |||
| Samsung Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals) 1.88% | 16,000 | 2,008,866 | |
| Total Preferred Stocks (Cost $3,006,268) | 4,801,736 | ||
| Short-Term Investment 0.7% | |||
| Unaffiliated Investment Company 0.7% | |||
| United States 0.7% | |||
| Invesco Government & Agency Portfolio, 3.742% (e)(f) | 846,329 | 846,329 | |
| Total Short-Term Investment (Cost $846,329) | 846,329 | ||
| Total Investments (Cost $94,900,054) | 97.1% | 121,198,648 | |
| Other Assets, Less Liabilities | 2.9 | 3,624,571 | |
| Net Assets | 100.0% | $ 124,823,219 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry and country classifications may be different than those used for compliance monitoring purposes. |
| ‡ | Less than one-tenth of a percent. |
| (a) | Non-income producing security. |
| (b) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (c) | All or a portion of this security was held on loan. As of July 31, 2026, the aggregate market value of securities on loan was $1,372,475; the total market value of collateral held by the Fund was $1,395,444. The market value of the collateral held included non-cash collateral in the form of U.S. Treasury securities with a value of $549,115. The Fund received cash collateral with a value of $846,329. |
| (d) | Security in which significant unobservable inputs (Level 3) were used in determining fair value. |
| (e) | Current yield as of July 31, 2026. |
| (f) | Represents a security purchased with cash collateral received for securities on loan. |
| Abbreviation(s): |
| ADR—American Depositary Receipt |
| NVDR—Non-Voting Depositary Receipt |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Common Stocks | |||||||
| China | $ 708,480 | $ 29,371,091 | $ — | $ 30,079,571 | |||
| Hungary | — | 1,301,635 | — | 1,301,635 | |||
| India | — | 14,397,031 | — | 14,397,031 | |||
| Nigeria | — | 656,107 | — | 656,107 | |||
| Philippines | — | 1,301,239 | — | 1,301,239 | |||
| Poland | — | 1,172,226 | — | 1,172,226 | |||
| Republic of Korea | — | 20,906,181 | — | 20,906,181 | |||
| Saudi Arabia | — | 1,466,712 | — | 1,466,712 | |||
| South Africa | — | 2,218,058 | — | 2,218,058 | |||
| Taiwan | — | 29,643,933 | — | 29,643,933 | |||
| Thailand | — | 715,253 | — | 715,253 | |||
| Turkey | — | 2,842,436 | — | 2,842,436 | |||
| All Other Countries | 8,850,201 | — | — | 8,850,201 | |||
| Total Common Stocks | 9,558,681 | 105,991,902 | — | 115,550,583 | |||
| Preferred Stocks | 2,792,870 | 2,008,866 | — | 4,801,736 | |||
| Short-Term Investment | |||||||
| Unaffiliated Investment Company | 846,329 | — | — | 846,329 | |||
| Total Investments in Securities | $ 13,197,880 | $ 108,000,768 | $ — | $ 121,198,648 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Shares | Value | ||
| Affiliated Investment Companies 90.1% | |||
| Equity Funds 36.0% | |||
| NYLIM Candriam Emerging Markets Equity Fund Class R6 | 325,899 | $ 5,232,735 | |
| NYLIM Candriam International Equity ETF | 235,385 | 9,019,082 | |
| NYLIM Candriam U.S. Large Cap Equity ETF | 195,622 | 11,996,930 | |
| NYLIM Candriam U.S. Mid Cap Equity ETF | 316,636 | 12,410,801 | |
| NYLIM Epoch Capital Growth Fund Class I | 76,063 | 1,269,806 | |
| NYLIM Epoch International Choice Fund Class I | 144,017 | 8,089,734 | |
| NYLIM Epoch U.S. Equity Yield Fund Class R6 | 187,414 | 4,929,584 | |
| NYLIM Fiera SMID Growth Fund Class R6 | 102,075 | 1,842,549 | |
| NYLIM FTSE International Equity Currency Neutral ETF | 193,827 | 7,243,315 | |
| NYLIM PineStone International Equity Fund Class R6 | 24,715 | 463,076 | |
| NYLIM PineStone U.S. Equity Fund Class R6 | 90,800 | 1,897,305 | |
| NYLIM S&P 500 Index Fund Class I | 111,633 | 9,130,149 | |
| NYLIM U.S. Large Cap R&D Leaders ETF (a) | 452,177 | 20,340,188 | |
| NYLIM Winslow Large Cap Growth ETF | 111,295 | 6,080,124 | |
| NYLIM WMC Enduring Capital Fund Class R6 | 49,265 | 1,895,437 | |
| NYLIM WMC Growth Fund Class R6 (a) | 178,307 | 10,097,638 | |
| NYLIM WMC International Research Equity Fund Class I | 474,969 | 5,576,798 | |
| NYLIM WMC Small Companies Fund Class I | 174,811 | 6,618,020 | |
| NYLIM WMC Value Fund Class R6 | 135,760 | 5,189,180 | |
| Total Equity Funds (Cost $86,797,302) | 129,322,451 | ||
| Fixed Income Funds 54.1% | |||
| NYLIM Floating Rate Fund Class R6 (a) | 3,203,232 | 27,285,127 | |
| NYLIM Investment Grade CLO ETF | 72,162 | 1,813,792 | |
| NYLIM MacKay Core Plus Bond ETF (a) | 1,888,452 | 38,892,669 | |
| NYLIM MacKay High Income ETF (a) | 525,246 | 13,464,681 | |
| NYLIM MacKay High Yield Corporate Bond Fund Class R6 | 2,664,566 | 13,571,701 | |
| NYLIM MacKay Securitized Income ETF (a) | 1,208,122 | 30,145,060 | |
| NYLIM MacKay Total Return Bond Fund Class R6 (a) | 4,347,654 | 39,049,324 | |
| NYLIM MacKay U.S. Infrastructure Bond Fund Class R6 (a) | 4,035,863 | 30,316,192 | |
| Total Fixed Income Funds (Cost $199,179,530) | 194,538,546 | ||
| Total Affiliated Investment Companies (Cost $285,976,832) | 323,860,997 | ||
| Short-Term Investment 9.4% | |||
| Affiliated Investment Company 9.4% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (b) | 33,560,165 | 33,560,165 | |
| Total Short-Term Investment (Cost $33,560,165) | 9.4% | 33,560,165 | |
| Total Investments (Cost $319,536,997) | 99.5% | 357,421,162 | |
| Other Assets, Less Liabilities | 0.5 | 1,881,215 | |
| Net Assets | 100.0% | $ 359,302,377 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| (a) | As of July 31, 2026, the Fund's ownership exceeds 5% of the outstanding shares of the Underlying Fund's share class. |
| (b) | Current yield as of July 31, 2026. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM Candriam Emerging Markets Debt Fund Class I | $ 7,428 | $ 89 | $ (7,508) | $ 350 | $ (359) | $ 0 | $ 90 | $ — | — |
| NYLIM Candriam Emerging Markets Equity Fund Class R6 | 5,657 | 421 | (1,758) | 613 | 300 | 5,233 | 70 | 228 | 326 |
| NYLIM Candriam International Equity ETF | 5,859 | 3,870 | (1,396) | 61 | 625 | 9,019 | 190 | — | 235 |
| NYLIM Candriam U.S. Large Cap Equity ETF | 10,940 | 4,667 | (5,061) | 1,251 | 200 | 11,997 | 84 | — | 196 |
| NYLIM Candriam U.S. Mid Cap Equity ETF | 7,881 | 5,155 | (2,076) | 101 | 1,350 | 12,411 | 89 | — | 317 |
| NYLIM Epoch Capital Growth Fund Class I | 1,300 | 102 | (130) | 8 | (10) | 1,270 | 5 | 96 | 76 |
| NYLIM Epoch International Choice Fund Class I | 6,618 | 1,132 | (912) | 142 | 1,110 | 8,090 | 136 | — | 144 |
| NYLIM Epoch U.S. Equity Yield Fund Class R6 | 9,854 | 549 | (6,203) | 2,166 | (1,436) | 4,930 | 104 | 444 | 187 |
| NYLIM Fiera SMID Growth Fund Class R6 | 7,945 | 473 | (6,441) | 593 | (727) | 1,843 | — | 198 | 102 |
| NYLIM Floating Rate Fund Class R6 | 27,431 | 2,491 | (1,937) | (118) | (582) | 27,285 | 1,414 | — | 3,203 |
| NYLIM FTSE International Equity Currency Neutral ETF | 7,487 | 84 | (1,489) | 607 | 554 | 7,243 | 228 | — | 194 |
| NYLIM Investment Grade CLO ETF | — | 1,818 | (1) | — | (3) | 1,814 | 11 | — | 72 |
| NYLIM MacKay Core Plus Bond ETF | 38,966 | 3,046 | (1,645) | (94) | (1,381) | 38,892 | 1,752 | — | 1,888 |
| NYLIM MacKay High Income ETF | 10,092 | 4,405 | (599) | (11) | (422) | 13,465 | 688 | 91 | 525 |
| NYLIM MacKay High Yield Corporate Bond Fund Class R6 | 10,075 | 4,568 | (786) | (12) | (273) | 13,572 | 604 | — | 2,665 |
| NYLIM MacKay Securitized Income ETF | 30,271 | 2,794 | (1,428) | (2) | (1,490) | 30,145 | 1,347 | 251 | 1,208 |
| NYLIM MacKay Total Return Bond Fund Class R6 | 39,119 | 3,583 | (2,329) | (353) | (971) | 39,049 | 1,442 | — | 4,348 |
| NYLIM MacKay U.S. Infrastructure Bond Fund Class R6 | 30,295 | 2,737 | (1,780) | 4 | (940) | 30,316 | 1,048 | — | 4,036 |
| NYLIM PineStone International Equity Fund Class R6 | 4,188 | 709 | (4,545) | 857 | (746) | 463 | 38 | 15 | 25 |
| NYLIM PineStone U.S. Equity Fund Class R6 | 10,274 | 146 | (8,558) | 1,730 | (1,695) | 1,897 | 50 | 72 | 91 |
| NYLIM S&P 500 Index Fund Class I | — | 9,503 | (1,279) | 93 | 813 | 9,130 | — | — | 112 |
| NYLIM U.S. Government Liquidity Fund | 38,835 | 54,993 | (60,268) | — | — | 33,560 | 970 | — | 33,560 |
| NYLIM U.S. Large Cap R&D Leaders ETF | — | 21,088 | (3,240) | 37 | 2,455 | 20,340 | 38 | — | 452 |
| NYLIM Winslow Large Cap Growth ETF | 11,619 | 3,266 | (8,228) | 780 | (1,357) | 6,080 | —(a) | — | 111 |
| NYLIM WMC Enduring Capital Fund Class R6 | 9,160 | 357 | (7,762) | 1,094 | (954) | 1,895 | 56 | 300 | 49 |
| NYLIM WMC Growth Fund Class R6 | 11,730 | 4,623 | (5,515) | 594 | (1,334) | 10,098 | — | 403 | 178 |
| NYLIM WMC International Research Equity Fund Class I | 6,753 | 2,206 | (4,395) | 851 | 162 | 5,577 | 187 | — | 475 |
| NYLIM WMC Small Companies Fund Class I | 6,765 | 3,221 | (5,319) | 1,190 | 761 | 6,618 | 14 | — | 175 |
| NYLIM WMC Value Fund Class R6 | 9,472 | 632 | (5,534) | 947 | (328) | 5,189 | 139 | 494 | 136 |
| $366,014 | $142,728 | $(158,122) | $13,479 | $(6,678) | $357,421 | $10,794 | $2,592 |
| (a) | Less than $500. |
| Swap Counterparty | Reference Obligation | Floating Rate2 | Termination Date(s) | Payment Frequency Paid/ Received | Notional Amount Long/ (Short) (000)3 | Unrealized Appreciation/ (Depreciation)4 |
| Citibank NA | iShares 20+ Year Treasury Bond ETF | 1 day FEDF plus 0.40% | 12/1/26 | Daily | 7,958 | $ — |
| Citibank NA | iShares MSCI Emerging Markets ETF | 1 day FEDF plus 0.55% | 12/1/26 | Daily | 1,918 | — |
| Citibank NA | iShares MSCI Emerging Markets ex China ETF | 1 day FEDF plus 0.40% | 12/1/26 | Daily | 1,601 | — |
| JPMorgan Chase Bank NA | Russell 2000 Total Return Index | 1 day FEDF plus 0.42% | 4/8/27 | Daily | 2,714 | — |
| Citibank NA | S&P 500 Total Return Index | 1 day FEDF plus 0.95% | 12/1/26 | Daily | 13,176 | — |
| Citibank NA | S&P Midcap 400 Total Return Index | 1 day FEDF plus 0.85% | 12/1/26 | Daily | 6,018 | — |
| $ — |
| 1. | As of July 31, 2026, cash in the amount of $2,912,791 was pledged to brokers for OTC swap contracts. |
| 2. | Fund receives on long positions or pays on short positions the floating rate total return of the reference entity. |
| 3. | Notional amounts reflected as a positive value indicate a long position held by the Fund or Index and a negative value indicates a short position. |
| 4. | Reflects the value at reset date as of July 31, 2026. |
| Abbreviation(s): |
| CLO—Collateralized Loan Obligation |
| ETF—Exchange-Traded Fund |
| FEDF—Federal Funds Rate |
| FTSE—Financial Times Stock Exchange |
| MSCI—Morgan Stanley Capital International |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Affiliated Investment Companies | |||||||
| Equity Funds | $ 129,322,451 | $ — | $ — | $ 129,322,451 | |||
| Fixed Income Funds | 194,538,546 | — | — | 194,538,546 | |||
| Total Affiliated Investment Companies | 323,860,997 | — | — | 323,860,997 | |||
| Short-Term Investment | |||||||
| Affiliated Investment Company | 33,560,165 | — | — | 33,560,165 | |||
| Total Investments in Securities | 357,421,162 | — | — | 357,421,162 | |||
| Other Financial Instruments | |||||||
| OTC Total Return Equity Swap Contracts (b) | — | — | — | — | |||
| Total Investments in Securities and Other Financial Instruments | $ 357,421,162 | $ — | $ — | $ 357,421,162 |
| (a) | For a complete listing of investments, see the Portfolio of Investments. |
| (b) | The value listed for these securities reflects unrealized appreciation (depreciation) as shown on the Portfolio of Investments. |
| Shares | Value | |
| Common Stocks 98.8% | ||
| Australia 1.5% | ||
| Aristocrat Leisure Ltd. (Hotels, Restaurants & Leisure) | 19,240 | $ 868,902 |
| Pro Medicus Ltd. (Health Care Technology) | 10,200 | 1,153,766 |
| 2,022,668 | ||
| Brazil 0.8% | ||
| WEG SA (Electrical Equipment) | 114,700 | 1,067,998 |
| Denmark 0.7% | ||
| Novo Nordisk A/S, Class B (Pharmaceuticals) | 20,222 | 952,810 |
| France 1.4% | ||
| Gaztransport Et Technigaz SA (Oil, Gas & Consumable Fuels) | 5,474 | 1,239,134 |
| Hermes International SCA (Textiles, Apparel & Luxury Goods) | 348 | 616,088 |
| 1,855,222 | ||
| Indonesia 0.4% | ||
| Bank Central Asia Tbk. PT (Banks) | 1,563,900 | 549,996 |
| Japan 4.8% | ||
| BayCurrent, Inc. (Professional Services) | 32,400 | 1,456,532 |
| Daifuku Co. Ltd. (Machinery) | 14,600 | 538,507 |
| Disco Corp. (Semiconductors & Semiconductor Equipment) | 3,100 | 1,114,591 |
| Hoya Corp. (Health Care Equipment & Supplies) | 12,400 | 1,900,852 |
| Tokyo Electron Ltd. (Semiconductors & Semiconductor Equipment) | 4,100 | 1,384,104 |
| 6,394,586 | ||
| Mexico 0.5% | ||
| Grupo Financiero Banorte SAB de CV, Class O (Banks) | 30,502 | 353,249 |
| Wal-Mart de Mexico SAB de CV (Consumer Staples Distribution & Retail) | 103,522 | 300,354 |
| 653,603 | ||
| Netherlands 2.4% | ||
| ASM International NV (Semiconductors & Semiconductor Equipment) | 950 | 875,920 |
| ASML Holding NV (Semiconductors & Semiconductor Equipment) | 824 | 1,347,434 |
| BE Semiconductor Industries NV (Semiconductors & Semiconductor Equipment) | 3,953 | 917,485 |
| 3,140,839 | ||
| Portugal 0.4% | ||
| Jeronimo Martins SGPS SA (Consumer Staples Distribution & Retail) | 25,512 | 510,949 |
| Singapore 0.7% | ||
| Singapore Exchange Ltd. (Capital Markets) | 46,300 | 883,646 |
| Spain 2.3% | ||
| Amadeus IT Group SA (Hotels, Restaurants & Leisure) | 16,180 | 1,005,654 |
| Industria de Diseno Textil SA (Specialty Retail) | 31,530 | 2,066,684 |
| 3,072,338 | ||
| Shares | Value | |
| Common Stocks | ||
| Sweden 1.6% | ||
| Atlas Copco AB, Class B (Machinery) | 29,826 | $ 552,132 |
| Evolution AB (Hotels, Restaurants & Leisure) | 20,413 | 1,570,763 |
| 2,122,895 | ||
| Switzerland 1.5% | ||
| Belimo Holding AG (Registered) (Building Products) | 900 | 938,481 |
| Partners Group Holding AG (Capital Markets) | 1,254 | 1,042,829 |
| 1,981,310 | ||
| Taiwan 3.4% | ||
| Delta Electronics, Inc. (Electronic Equipment, Instruments & Components) | 9,000 | 444,144 |
| eMemory Technology, Inc. (Semiconductors & Semiconductor Equipment) | 11,000 | 844,918 |
| Fortune Electric Co. Ltd. (Electrical Equipment) | 24,000 | 525,103 |
| Taiwan Semiconductor Manufacturing Co. Ltd. (Semiconductors & Semiconductor Equipment) | 37,000 | 2,766,928 |
| 4,581,093 | ||
| Thailand 1.1% | ||
| Fabrinet (Electronic Equipment, Instruments & Components) (a) | 3,522 | 1,533,514 |
| United Arab Emirates 0.6% | ||
| Emaar Properties PJSC (Real Estate Management & Development) | 288,052 | 856,594 |
| United Kingdom 4.2% | ||
| AstraZeneca plc (Pharmaceuticals) | 7,336 | 1,252,019 |
| Games Workshop Group plc (Leisure Products) | 2,629 | 677,202 |
| Howden Joinery Group plc (Trading Companies & Distributors) | 44,257 | 471,082 |
| RELX plc (Professional Services) | 48,394 | 1,705,412 |
| Rightmove plc (Interactive Media & Services) | 126,741 | 798,573 |
| Wise Group plc, Class A (Financial Services) (a) | 64,092 | 768,768 |
| 5,673,056 | ||
| United States 70.5% | ||
| AbbVie, Inc. (Biotechnology) | 8,437 | 2,117,181 |
| Accenture plc, Class A (IT Services) | 7,380 | 1,224,490 |
| Alphabet, Inc., Class A (Interactive Media & Services) | 6,627 | 2,360,073 |
| Ameriprise Financial, Inc. (Capital Markets) | 2,699 | 1,473,222 |
| Apple, Inc. (Technology Hardware, Storage & Peripherals) | 10,928 | 3,375,768 |
| Applied Materials, Inc. (Semiconductors & Semiconductor Equipment) | 4,624 | 2,347,466 |
| AppLovin Corp., Class A (Media) (a) | 1,844 | 730,040 |
| Argan, Inc. (Construction & Engineering) | 2,509 | 1,431,209 |
| Arista Networks, Inc. (Communications Equipment) (a) | 10,219 | 1,842,997 |
| Automatic Data Processing, Inc. (Professional Services) | 2,882 | 767,938 |
| Booking Holdings, Inc. (Hotels, Restaurants & Leisure) | 3,997 | 771,021 |
| Broadcom, Inc. (Semiconductors & Semiconductor Equipment) | 5,892 | 2,293,638 |
| CH Robinson Worldwide, Inc. (Air Freight & Logistics) | 4,446 | 656,808 |
| Chemed Corp. (Health Care Providers & Services) | 2,768 | 1,473,268 |
| Chipotle Mexican Grill, Inc. (Hotels, Restaurants & Leisure) (a) | 24,929 | 927,857 |
| Copart, Inc. (Commercial Services & Supplies) (a) | 33,342 | 970,919 |
| Shares | Value | |
| Common Stocks | ||
| United States | ||
| Costco Wholesale Corp. (Consumer Staples Distribution & Retail) | 1,419 | $ 1,350,732 |
| Deckers Outdoor Corp. (Textiles, Apparel & Luxury Goods) (a) | 15,736 | 1,524,504 |
| Domino's Pizza, Inc. (Hotels, Restaurants & Leisure) | 1,634 | 567,717 |
| Donaldson Co., Inc. (Machinery) | 6,886 | 648,937 |
| Eagle Materials, Inc. (Construction Materials) | 4,650 | 952,971 |
| Eli Lilly & Co. (Pharmaceuticals) | 1,197 | 1,375,161 |
| EMCOR Group, Inc. (Construction & Engineering) | 2,832 | 2,258,322 |
| Expeditors International of Washington, Inc. (Air Freight & Logistics) | 4,308 | 723,270 |
| Fastenal Co. (Trading Companies & Distributors) | 32,702 | 1,560,212 |
| Halozyme Therapeutics, Inc. (Biotechnology) (a) | 14,077 | 1,161,916 |
| Hess Midstream LP, Class A (Oil, Gas & Consumable Fuels) | 24,441 | 997,926 |
| IDEXX Laboratories, Inc. (Health Care Equipment & Supplies) (a) | 1,825 | 1,020,303 |
| Jack Henry & Associates, Inc. (Financial Services) | 9,591 | 1,477,398 |
| KLA Corp. (Semiconductors & Semiconductor Equipment) | 11,023 | 2,015,225 |
| Lam Research Corp. (Semiconductors & Semiconductor Equipment) | 7,051 | 2,066,084 |
| LPL Financial Holdings, Inc. (Capital Markets) | 5,619 | 1,987,440 |
| Magnolia Oil & Gas Corp., Class A (Oil, Gas & Consumable Fuels) | 40,627 | 1,044,520 |
| Manhattan Associates, Inc. (Software) (a) | 9,522 | 1,822,130 |
| Marsh & McLennan Cos., Inc. (Insurance) | 5,531 | 1,049,175 |
| Mastercard, Inc., Class A (Financial Services) | 3,389 | 1,942,236 |
| Medpace Holdings, Inc. (Life Sciences Tools & Services) (a) | 3,814 | 2,201,097 |
| Meta Platforms, Inc., Class A (Interactive Media & Services) | 2,642 | 1,470,828 |
| Mettler-Toledo International, Inc. (Life Sciences Tools & Services) (a) | 1,495 | 2,117,368 |
| Microsoft Corp. (Software) | 3,301 | 1,534,041 |
| Monster Beverage Corp. (Beverages) (a) | 25,746 | 2,481,399 |
| NetApp, Inc. (Technology Hardware, Storage & Peripherals) | 8,863 | 1,582,045 |
| NVIDIA Corp. (Semiconductors & Semiconductor Equipment) | 26,050 | 5,229,537 |
| NVR, Inc. (Household Durables) (a) | 38 | 233,588 |
| Old Dominion Freight Line, Inc. (Ground Transportation) | 4,473 | 948,902 |
| O'Reilly Automotive, Inc. (Specialty Retail) (a) | 8,578 | 766,444 |
| PACCAR, Inc. (Machinery) | 10,371 | 1,376,024 |
| QUALCOMM, Inc. (Semiconductors & Semiconductor Equipment) | 6,094 | 899,535 |
| Regeneron Pharmaceuticals, Inc. (Biotechnology) | 2,065 | 1,574,831 |
| Rollins, Inc. (Commercial Services & Supplies) | 14,812 | 562,412 |
| ServiceNow, Inc. (Software) (a) | 3,446 | 383,299 |
| Spotify Technology SA (Entertainment) (a) | 2,921 | 1,460,325 |
| Texas Pacific Land Corp. (Oil, Gas & Consumable Fuels) | 3,611 | 1,453,716 |
| TJX Cos., Inc. (The) (Specialty Retail) | 8,685 | 1,366,498 |
| TKO Group Holdings, Inc. (Entertainment) | 4,929 | 896,141 |
| Uber Technologies, Inc. (Ground Transportation) (a) | 13,906 | 978,426 |
| Ulta Beauty, Inc. (Specialty Retail) (a) | 2,243 | 1,150,278 |
| United Therapeutics Corp. (Biotechnology) (a) | 1,159 | 600,026 |
| VeriSign, Inc. (IT Services) | 4,504 | 1,306,250 |
| Verisk Analytics, Inc. (Professional Services) | 5,163 | 1,006,011 |
| Visa, Inc., Class A (Financial Services) | 5,417 | 1,983,326 |
| Vistra Corp. (Independent Power and Renewable Electricity Producers) | 4,004 | 593,353 |
| Waters Corp. (Life Sciences Tools & Services) (a) | 2,971 | 1,120,988 |
| West Pharmaceutical Services, Inc. (Life Sciences Tools & Services) | 6,904 | 2,353,988 |
| Shares | Value | ||
| Common Stocks | |||
| United States | |||
| Yum! Brands, Inc. (Hotels, Restaurants & Leisure) | 10,181 | $ 1,560,544 | |
| Zoetis, Inc. (Pharmaceuticals) | 10,364 | 801,034 | |
| 94,302,328 | |||
| Total Common Stocks (Cost $88,967,953) | 132,155,445 | ||
| Number of Warrants | |||
| Warrants 0.0% ‡ | |||
| Canada 0.0% ‡ | |||
| Constellation Software, Inc. (Software) | |||
| Expires 3/31/40 (a)(b) | 721 | — | |
| Total Warrants (Cost $0) | — | ||
| Shares | |||
| Short-Term Investment 1.0% | |||
| Affiliated Investment Company 1.0% | |||
| United States 1.0% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (c) | 1,311,955 | 1,311,955 | |
| Total Short-Term Investment (Cost $1,311,955) | 1,311,955 | ||
| Total Investments (Cost $90,279,908) | 99.8% | 133,467,400 | |
| Other Assets, Less Liabilities | 0.2 | 231,954 | |
| Net Assets | 100.0% | $ 133,699,354 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry and country classifications may be different than those used for compliance monitoring purposes. |
| ‡ | Less than one-tenth of a percent. |
| (a) | Non-income producing security. |
| (b) | Security in which significant unobservable inputs (Level 3) were used in determining fair value. |
| (c) | Current yield as of July 31, 2026. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ 1,317 | $ 20,766 | $ (20,771) | $ — | $ — | $ 1,312 | $ 19 | $ — | 1,312 |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Common Stocks | |||||||
| Australia | $ — | $ 2,022,668 | $ — | $ 2,022,668 | |||
| Denmark | — | 952,810 | — | 952,810 | |||
| France | — | 1,855,222 | — | 1,855,222 | |||
| Indonesia | — | 549,996 | — | 549,996 | |||
| Japan | — | 6,394,586 | — | 6,394,586 | |||
| Netherlands | — | 3,140,839 | — | 3,140,839 | |||
| Portugal | — | 510,949 | — | 510,949 | |||
| Singapore | — | 883,646 | — | 883,646 | |||
| Spain | — | 3,072,338 | — | 3,072,338 | |||
| Sweden | — | 2,122,895 | — | 2,122,895 | |||
| Switzerland | — | 1,981,310 | — | 1,981,310 | |||
| Taiwan | — | 4,581,093 | — | 4,581,093 | |||
| United Arab Emirates | — | 856,594 | — | 856,594 | |||
| United Kingdom | — | 5,673,056 | — | 5,673,056 | |||
| All Other Countries | 97,557,443 | — | — | 97,557,443 | |||
| Total Common Stocks | 97,557,443 | 34,598,002 | — | 132,155,445 | |||
| Warrants | — | — | — | — | |||
| Short-Term Investment | |||||||
| Affiliated Investment Company | 1,311,955 | — | — | 1,311,955 | |||
| Total Investments in Securities | $ 98,869,398 | $ 34,598,002 | $ — | $ 133,467,400 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Shares | Value | |
| Common Stocks 99.4% | ||
| Canada 4.0% | ||
| Bank of Nova Scotia (The) (Banks) | 67,095 | $ 5,885,560 |
| Manulife Financial Corp. (Insurance) | 315,205 | 13,999,118 |
| Nutrien Ltd. (Chemicals) | 87,206 | 6,023,318 |
| Restaurant Brands International, Inc. (Hotels, Restaurants & Leisure) | 107,451 | 7,953,523 |
| Rogers Communications, Inc., Class B (Wireless Telecommunication Services) | 165,353 | 5,598,069 |
| 39,459,588 | ||
| France 4.9% | ||
| AXA SA (Insurance) | 221,054 | 11,467,682 |
| Cie Generale des Etablissements Michelin SCA (Automobile Components) | 146,254 | 5,906,694 |
| Orange SA (Diversified Telecommunication Services) | 549,427 | 10,500,016 |
| Sanofi SA (Pharmaceuticals) | 89,203 | 7,674,057 |
| TotalEnergies SE (Oil, Gas & Consumable Fuels) | 81,367 | 7,227,109 |
| Vinci SA (Construction & Engineering) | 40,539 | 5,739,562 |
| 48,515,120 | ||
| Germany 4.0% | ||
| Allianz SE (Registered) (Insurance) | 19,493 | 9,729,412 |
| Deutsche Post AG (Air Freight & Logistics) | 148,335 | 9,875,329 |
| Deutsche Telekom AG (Registered) (Diversified Telecommunication Services) | 168,619 | 5,205,818 |
| Muenchener Rueckversicherungs-Gesellschaft AG (Registered) (Insurance) | 9,849 | 5,934,273 |
| Siemens AG (Registered) (Industrial Conglomerates) | 27,071 | 8,824,814 |
| 39,569,646 | ||
| Hong Kong 0.6% | ||
| AIA Group Ltd. (Insurance) | 622,400 | 6,302,951 |
| Italy 1.4% | ||
| Snam SpA (Gas Utilities) | 1,274,668 | 8,644,859 |
| Terna - Rete Elettrica Nazionale (Electric Utilities) | 461,660 | 5,312,060 |
| 13,956,919 | ||
| Japan 1.7% | ||
| Astellas Pharma, Inc. (Pharmaceuticals) | 405,200 | 5,572,582 |
| SoftBank Corp. (Wireless Telecommunication Services) | 4,105,600 | 5,764,679 |
| Toyota Motor Corp. (Automobiles) | 268,700 | 5,105,066 |
| 16,442,327 | ||
| Netherlands 1.1% | ||
| Koninklijke Ahold Delhaize NV (Consumer Staples Distribution & Retail) | 132,559 | 5,231,831 |
| NN Group NV (Insurance) | 61,628 | 5,796,786 |
| 11,028,617 | ||
| Norway 1.2% | ||
| Equinor ASA (Oil, Gas & Consumable Fuels) | 157,596 | 6,477,664 |
| Telenor ASA (Diversified Telecommunication Services) | 357,376 | 5,032,074 |
| 11,509,738 | ||
| Shares | Value | |
| Common Stocks | ||
| Republic of Korea 1.3% | ||
| Samsung Electronics Co. Ltd., GDR (Technology Hardware, Storage & Peripherals) | 3,100 | $ 13,098,282 |
| Singapore 0.6% | ||
| DBS Group Holdings Ltd. (Banks) | 109,000 | 6,284,404 |
| Switzerland 1.0% | ||
| Nestle SA (Registered) (Food Products) | 49,894 | 4,983,169 |
| Partners Group Holding AG (Capital Markets) | 5,837 | 4,854,060 |
| 9,837,229 | ||
| Taiwan 2.1% | ||
| Taiwan Semiconductor Manufacturing Co. Ltd., Sponsored ADR (Semiconductors & Semiconductor Equipment) | 51,926 | 20,991,086 |
| United Kingdom 8.3% | ||
| BAE Systems plc (Aerospace & Defense) | 325,576 | 9,204,641 |
| British American Tobacco plc (Tobacco) | 79,086 | 4,801,379 |
| Coca-Cola Europacific Partners plc (Beverages) | 58,922 | 6,449,602 |
| Croda International plc (Chemicals) | 138,758 | 6,007,323 |
| DCC Energy plc (Oil, Gas & Consumable Fuels) | 64,938 | 5,570,587 |
| GSK plc (Pharmaceuticals) | 352,853 | 9,136,337 |
| Imperial Brands plc (Tobacco) | 222,122 | 8,430,918 |
| Intertek Group plc (Professional Services) | 69,845 | 5,505,654 |
| Legal & General Group plc (Insurance) | 1,266,444 | 5,124,203 |
| Lloyds Banking Group plc (Banks) | 3,888,862 | 6,025,601 |
| National Grid plc (Multi-Utilities) | 299,562 | 4,793,244 |
| Reckitt Benckiser Group plc (Household Products) | 89,909 | 6,346,432 |
| Unilever plc (Personal Care Products) | 87,717 | 5,571,131 |
| 82,967,052 | ||
| United States 67.2% | ||
| AbbVie, Inc. (Biotechnology) | 52,491 | 13,172,092 |
| Accenture plc, Class A (IT Services) | 46,219 | 7,668,656 |
| Alphabet, Inc., Class C (Interactive Media & Services) | 22,229 | 7,927,973 |
| American Electric Power Co., Inc. (Electric Utilities) | 94,422 | 12,071,853 |
| Analog Devices, Inc. (Semiconductors & Semiconductor Equipment) | 49,888 | 18,329,350 |
| Apple, Inc. (Technology Hardware, Storage & Peripherals) | 34,536 | 10,668,516 |
| AT&T, Inc. (Diversified Telecommunication Services) | 390,605 | 9,081,566 |
| Bank of America Corp. (Banks) | 172,209 | 10,668,348 |
| Best Buy Co., Inc. (Specialty Retail) | 92,174 | 7,950,929 |
| BlackRock, Inc. (Capital Markets) | 5,046 | 5,502,108 |
| Bristol-Myers Squibb Co. (Pharmaceuticals) | 112,796 | 7,366,707 |
| Broadcom, Inc. (Semiconductors & Semiconductor Equipment) | 52,953 | 20,613,544 |
| Chevron Corp. (Oil, Gas & Consumable Fuels) | 48,132 | 9,473,822 |
| Cisco Systems, Inc. (Communications Equipment) | 192,721 | 22,353,709 |
| Coca-Cola Co. (The) (Beverages) | 128,274 | 11,235,520 |
| Columbia Banking System, Inc. (Banks) | 223,448 | 6,987,219 |
| CubeSmart (Specialized REITs) | 132,875 | 5,508,998 |
| Shares | Value | |
| Common Stocks | ||
| United States | ||
| CVS Health Corp. (Health Care Providers & Services) | 202,398 | $ 21,136,423 |
| Dell Technologies, Inc., Class C (Technology Hardware, Storage & Peripherals) | 52,973 | 21,473,665 |
| Duke Energy Corp. (Electric Utilities) | 38,951 | 4,885,624 |
| Eaton Corp. plc (Electrical Equipment) | 13,112 | 5,444,102 |
| Eli Lilly & Co. (Pharmaceuticals) | 5,069 | 5,823,470 |
| Entergy Corp. (Electric Utilities) | 77,232 | 8,311,708 |
| Essential Utilities, Inc. (Water Utilities) | 128,359 | 5,115,106 |
| General Dynamics Corp. (Aerospace & Defense) | 14,898 | 5,712,191 |
| Hasbro, Inc. (Leisure Products) | 133,106 | 12,503,978 |
| Hewlett Packard Enterprise Co. (Technology Hardware, Storage & Peripherals) | 486,912 | 23,323,085 |
| Home Depot, Inc. (The) (Specialty Retail) | 21,668 | 7,192,909 |
| Honeywell International, Inc. (Industrial Conglomerates) | 21,650 | 5,262,033 |
| Hormel Foods Corp. (Food Products) | 213,675 | 5,344,012 |
| International Business Machines Corp. (IT Services) | 55,516 | 12,416,153 |
| Johnson & Johnson (Pharmaceuticals) | 33,634 | 8,622,076 |
| JPMorgan Chase & Co. (Banks) | 35,163 | 12,369,992 |
| Kimberly-Clark Corp. (Household Products) | 55,175 | 6,031,179 |
| Lamar Advertising Co., Class A (Specialized REITs) | 34,409 | 5,504,064 |
| Lazard, Inc. (Capital Markets) | 132,632 | 5,620,944 |
| Linde plc (Chemicals) | 10,569 | 5,055,998 |
| McCormick & Co., Inc. (Non-Voting) (Food Products) | 106,521 | 5,421,919 |
| McDonald's Corp. (Hotels, Restaurants & Leisure) | 34,481 | 9,331,938 |
| Medtronic plc (Health Care Equipment & Supplies) | 67,217 | 5,739,660 |
| Merck & Co., Inc. (Pharmaceuticals) | 70,313 | 9,154,753 |
| Meta Platforms, Inc., Class A (Interactive Media & Services) | 13,963 | 7,773,342 |
| MetLife, Inc. (Insurance) | 137,456 | 13,213,645 |
| Microchip Technology, Inc. (Semiconductors & Semiconductor Equipment) | 184,798 | 13,728,643 |
| Microsoft Corp. (Software) | 49,248 | 22,886,531 |
| Mondelez International, Inc., Class A (Food Products) | 89,594 | 5,582,602 |
| MPLX LP (Oil, Gas & Consumable Fuels) | 162,469 | 9,496,313 |
| MSC Industrial Direct Co., Inc., Class A (Trading Companies & Distributors) | 90,259 | 11,137,961 |
| NetApp, Inc. (Technology Hardware, Storage & Peripherals) | 71,372 | 12,739,902 |
| Nexstar Media Group, Inc. (Media) | 35,933 | 6,846,314 |
| NextEra Energy, Inc. (Electric Utilities) | 83,524 | 7,259,906 |
| NiSource, Inc. (Multi-Utilities) | 173,884 | 7,725,666 |
| NNN REIT, Inc. (Retail REITs) | 110,820 | 5,266,166 |
| Novartis AG (Registered) (Pharmaceuticals) | 50,999 | 7,961,352 |
| NVIDIA Corp. (Semiconductors & Semiconductor Equipment) | 32,394 | 6,503,095 |
| Omnicom Group, Inc. (Media) | 73,245 | 5,764,382 |
| ONEOK, Inc. (Oil, Gas & Consumable Fuels) | 76,152 | 6,915,363 |
| PepsiCo, Inc. (Beverages) | 33,516 | 4,677,493 |
| Pfizer, Inc. (Pharmaceuticals) | 226,636 | 5,668,166 |
| Philip Morris International, Inc. (Tobacco) | 45,638 | 8,708,643 |
| Pinnacle West Capital Corp. (Electric Utilities) | 65,873 | 6,652,514 |
| Regions Financial Corp. (Banks) | 176,175 | 5,452,616 |
| Scotts Miracle-Gro Co. (The) (Chemicals) | 124,373 | 8,168,819 |
| Sonoco Products Co. (Containers & Packaging) | 133,800 | 7,540,968 |
| Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment) | 67,123 | 18,508,496 |
| Shares | Value | ||
| Common Stocks | |||
| United States | |||
| Toro Co. (The) (Machinery) | 57,940 | $ 5,322,948 | |
| Truist Financial Corp. (Banks) | 119,985 | 6,220,022 | |
| U.S. Bancorp (Banks) | 143,414 | 9,036,516 | |
| United Parcel Service, Inc., Class B (Air Freight & Logistics) | 48,101 | 5,013,086 | |
| Vail Resorts, Inc. (Hotels, Restaurants & Leisure) (a) | 36,484 | 5,449,980 | |
| Verizon Communications, Inc. (Diversified Telecommunication Services) | 172,540 | 8,076,597 | |
| VICI Properties, Inc. (Specialized REITs) | 211,989 | 5,585,910 | |
| Watsco, Inc. (Trading Companies & Distributors) | 16,008 | 4,951,274 | |
| 669,213,123 | |||
| Total Common Stocks (Cost $628,065,940) | 989,176,082 | ||
| Short-Term Investments 0.9% | |||
| Affiliated Investment Company 0.4% | |||
| United States 0.4% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (b) | 3,895,174 | 3,895,174 | |
| Unaffiliated Investment Company 0.5% | |||
| United States 0.5% | |||
| Invesco Government & Agency Portfolio, 3.742% (b)(c) | 5,344,560 | 5,344,560 | |
| Total Short-Term Investments (Cost $9,239,734) | 9,239,734 | ||
| Total Investments (Cost $637,305,674) | 100.3% | 998,415,816 | |
| Other Assets, Less Liabilities | (0.3) | (2,703,273) | |
| Net Assets | 100.0% | $ 995,712,543 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry and country classifications may be different than those used for compliance monitoring purposes. |
| (a) | All or a portion of this security was held on loan. As of July 31, 2026, the aggregate market value of securities on loan was $5,358,559; the total market value of collateral held by the Fund was $5,618,542. The market value of the collateral held included non-cash collateral in the form of U.S. Treasury securities with a value of $273,982. The Fund received cash collateral with a value of $5,344,560. |
| (b) | Current yield as of July 31, 2026. |
| (c) | Represents a security purchased with cash collateral received for securities on loan. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ 3,095 | $ 148,611 | $ (147,811) | $ — | $ — | $ 3,895 | $ 266 | $ — | 3,895 |
| Abbreviation(s): |
| ADR—American Depositary Receipt |
| GDR—Global Depositary Receipt |
| REIT—Real Estate Investment Trust |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Common Stocks | |||||||
| France | $ — | $ 48,515,120 | $ — | $ 48,515,120 | |||
| Germany | — | 39,569,646 | — | 39,569,646 | |||
| Hong Kong | — | 6,302,951 | — | 6,302,951 | |||
| Italy | — | 13,956,919 | — | 13,956,919 | |||
| Japan | — | 16,442,327 | — | 16,442,327 | |||
| Netherlands | — | 11,028,617 | — | 11,028,617 | |||
| Norway | — | 11,509,738 | — | 11,509,738 | |||
| Republic of Korea | — | 13,098,282 | — | 13,098,282 | |||
| Singapore | — | 6,284,404 | — | 6,284,404 | |||
| Switzerland | — | 9,837,229 | — | 9,837,229 | |||
| United Kingdom | 6,449,602 | 76,517,450 | — | 82,967,052 | |||
| United States | 661,251,771 | 7,961,352 | — | 669,213,123 | |||
| All Other Countries | 60,450,674 | — | — | 60,450,674 | |||
| Total Common Stocks | 728,152,047 | 261,024,035 | — | 989,176,082 | |||
| Short-Term Investments | |||||||
| Affiliated Investment Company | 3,895,174 | — | — | 3,895,174 | |||
| Unaffiliated Investment Company | 5,344,560 | — | — | 5,344,560 | |||
| Total Short-Term Investments | 9,239,734 | — | — | 9,239,734 | |||
| Total Investments in Securities | $ 737,391,781 | $ 261,024,035 | $ — | $ 998,415,816 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Shares | Value | |
| Common Stocks 96.1% | ||
| Finland 3.4% | ||
| Nordea Bank Abp (Banks) | 530,051 | $ 10,702,493 |
| France 16.6% | ||
| Airbus SE (Aerospace & Defense) | 32,845 | 7,678,195 |
| AXA SA (Insurance) | 223,522 | 11,595,715 |
| BNP Paribas SA (Banks) | 74,297 | 9,419,001 |
| LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods) | 7,949 | 4,358,811 |
| Sanofi SA (Pharmaceuticals) | 102,317 | 8,802,244 |
| TotalEnergies SE (Oil, Gas & Consumable Fuels) | 114,630 | 10,181,567 |
| 52,035,533 | ||
| Germany 11.0% | ||
| Deutsche Boerse AG (Capital Markets) | 35,735 | 10,808,626 |
| Deutsche Post AG (Air Freight & Logistics) | 170,180 | 11,329,650 |
| Siemens AG (Registered) (Industrial Conglomerates) | 9,226 | 3,007,563 |
| Vonovia SE (Real Estate Management & Development) | 379,139 | 9,203,965 |
| 34,349,804 | ||
| Japan 18.8% | ||
| Capcom Co. Ltd. (Entertainment) (a) | 384,200 | 9,576,540 |
| Hitachi Ltd. (Industrial Conglomerates) | 172,800 | 5,735,168 |
| Keyence Corp. (Electronic Equipment, Instruments & Components) (a) | 25,500 | 12,814,286 |
| Lasertec Corp. (Semiconductors & Semiconductor Equipment) | 13,200 | 3,047,722 |
| Mitsubishi UFJ Financial Group, Inc. (Banks) | 514,500 | 11,534,796 |
| Sony Group Corp. (Household Durables) | 408,400 | 9,565,191 |
| Suzuki Motor Corp. (Automobiles) | 495,000 | 6,503,085 |
| 58,776,788 | ||
| Netherlands 6.5% | ||
| ING Groep NV (Banks) | 341,462 | 11,939,179 |
| NN Group NV (Insurance) | 91,177 | 8,576,191 |
| 20,515,370 | ||
| Republic of Korea 2.9% | ||
| Samsung Electronics Co. Ltd., GDR (Technology Hardware, Storage & Peripherals) | 2,136 | 9,025,139 |
| Sweden 5.3% | ||
| Atlas Copco AB, Class A (Machinery) | 552,668 | 11,697,535 |
| Epiroc AB, Class A (Machinery) | 192,821 | 4,942,390 |
| 16,639,925 | ||
| Taiwan 4.0% | ||
| Taiwan Semiconductor Manufacturing Co. Ltd., Sponsored ADR (Semiconductors & Semiconductor Equipment) | 30,771 | 12,439,177 |
| United Kingdom 21.6% | ||
| AstraZeneca plc (Pharmaceuticals) | 61,150 | 10,373,486 |
| BAE Systems plc (Aerospace & Defense) | 171,559 | 4,850,293 |
| British American Tobacco plc (Tobacco) | 99,876 | 6,063,557 |
| Shares | Value | ||
| Common Stocks | |||
| United Kingdom | |||
| Coca-Cola Europacific Partners plc (Beverages) | 44,530 | $ 4,874,254 | |
| Compass Group plc (Hotels, Restaurants & Leisure) | 292,194 | 9,276,322 | |
| Lloyds Banking Group plc (Banks) | 4,924,662 | 7,630,523 | |
| RELX plc (Professional Services) | 364,011 | 12,827,806 | |
| Severn Trent plc (Water Utilities) | 105,741 | 4,294,470 | |
| Unilever plc (Personal Care Products) | 118,467 | 7,524,142 | |
| 67,714,853 | |||
| United States 6.0% | |||
| Linde plc (Chemicals) | 23,552 | 11,266,806 | |
| Sunbelt Rentals Holdings, Inc. (Trading Companies & Distributors) | 104,330 | 7,517,608 | |
| 18,784,414 | |||
| Total Common Stocks (Cost $248,042,717) | 300,983,496 | ||
| Short-Term Investments 3.5% | |||
| Affiliated Investment Company 2.9% | |||
| United States 2.9% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (b) | 9,183,770 | 9,183,770 | |
| Unaffiliated Investment Company 0.6% | |||
| United States 0.6% | |||
| Invesco Government & Agency Portfolio, 3.742% (b)(c) | 1,914,228 | 1,914,228 | |
| Total Short-Term Investments (Cost $11,097,998) | 11,097,998 | ||
| Total Investments (Cost $259,140,715) | 99.6% | 312,081,494 | |
| Other Assets, Less Liabilities | 0.4 | 1,292,398 | |
| Net Assets | 100.0% | $ 313,373,892 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry and country classifications may be different than those used for compliance monitoring purposes. |
| (a) | All or a portion of this security was held on loan. As of July 31, 2026, the aggregate market value of securities on loan was $10,417,384; the total market value of collateral held by the Fund was $12,042,194. The market value of the collateral held included non-cash collateral in the form of U.S. Treasury securities with a value of $10,127,966. The Fund received cash collateral with a value of $1,914,228. |
| (b) | Current yield as of July 31, 2026. |
| (c) | Represents a security purchased with cash collateral received for securities on loan. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ 4,405 | $ 67,491 | $ (62,712) | $ — | $ — | $ 9,184 | $ 239 | $ — | 9,184 |
| Abbreviation(s): |
| ADR—American Depositary Receipt |
| GDR—Global Depositary Receipt |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Common Stocks | |||||||
| Finland | $ — | $ 10,702,493 | $ — | $ 10,702,493 | |||
| France | — | 52,035,533 | — | 52,035,533 | |||
| Germany | — | 34,349,804 | — | 34,349,804 | |||
| Japan | — | 58,776,788 | — | 58,776,788 | |||
| Netherlands | — | 20,515,370 | — | 20,515,370 | |||
| Republic of Korea | — | 9,025,139 | — | 9,025,139 | |||
| Sweden | — | 16,639,925 | — | 16,639,925 | |||
| United Kingdom | 15,247,740 | 52,467,113 | — | 67,714,853 | |||
| United States | 11,266,806 | 7,517,608 | — | 18,784,414 | |||
| All Other Countries | 12,439,177 | — | — | 12,439,177 | |||
| Total Common Stocks | 38,953,723 | 262,029,773 | — | 300,983,496 | |||
| Short-Term Investments | |||||||
| Affiliated Investment Company | 9,183,770 | — | — | 9,183,770 | |||
| Unaffiliated Investment Company | 1,914,228 | — | — | 1,914,228 | |||
| Total Short-Term Investments | 11,097,998 | — | — | 11,097,998 | |||
| Total Investments in Securities | $ 50,051,721 | $ 262,029,773 | $ — | $ 312,081,494 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Shares | Value | |
| Common Stocks 99.6% | ||
| Aerospace & Defense 2.2% | ||
| General Dynamics Corp. | 21,935 | $ 8,410,318 |
| Lockheed Martin Corp. | 14,637 | 8,529,565 |
| RTX Corp. | 46,907 | 10,095,325 |
| 27,035,208 | ||
| Air Freight & Logistics 0.6% | ||
| United Parcel Service, Inc., Class B | 68,039 | 7,091,025 |
| Automobile Components 0.6% | ||
| Lear Corp. | 57,937 | 7,568,890 |
| Banks 8.9% | ||
| Bank of America Corp. | 437,475 | 27,101,576 |
| Columbia Banking System, Inc. | 287,065 | 8,976,523 |
| JPMorgan Chase & Co. | 77,831 | 27,380,166 |
| Regions Financial Corp. | 249,255 | 7,714,442 |
| Truist Financial Corp. | 128,621 | 6,667,713 |
| U.S. Bancorp | 223,188 | 14,063,076 |
| Wells Fargo & Co. | 172,986 | 14,954,640 |
| 106,858,136 | ||
| Beverages 2.1% | ||
| Coca-Cola Co. (The) | 107,225 | 9,391,838 |
| Coca-Cola Europacific Partners plc | 79,579 | 8,710,717 |
| PepsiCo, Inc. | 54,847 | 7,654,447 |
| 25,757,002 | ||
| Biotechnology 3.0% | ||
| AbbVie, Inc. | 85,618 | 21,484,981 |
| Amgen, Inc. | 18,752 | 7,222,520 |
| Gilead Sciences, Inc. | 52,351 | 6,816,624 |
| 35,524,125 | ||
| Capital Markets 2.4% | ||
| BlackRock, Inc. | 13,884 | 15,138,974 |
| CME Group, Inc. | 28,643 | 7,670,309 |
| Lazard, Inc. | 157,610 | 6,679,512 |
| 29,488,795 | ||
| Chemicals 3.2% | ||
| Linde plc | 22,298 | 10,666,917 |
| Nutrien Ltd. | 154,498 | 10,671,177 |
| PPG Industries, Inc. | 68,907 | 7,615,602 |
| Scotts Miracle-Gro Co. (The) | 141,166 | 9,271,783 |
| 38,225,479 | ||
| Commercial Services & Supplies 0.7% | ||
| Republic Services, Inc. | 39,341 | 8,283,247 |
| Shares | Value | |
| Common Stocks | ||
| Communications Equipment 2.2% | ||
| Cisco Systems, Inc. | 228,341 | $ 26,485,273 |
| Consumer Staples Distribution & Retail 1.4% | ||
| Walmart, Inc. | 148,146 | 16,473,835 |
| Containers & Packaging 0.6% | ||
| Sonoco Products Co. | 127,462 | 7,183,758 |
| Diversified Telecommunication Services 2.4% | ||
| AT&T, Inc. | 442,302 | 10,283,522 |
| Comcast Corp., Class A | 257,574 | 6,171,473 |
| Verizon Communications, Inc. | 255,747 | 11,971,517 |
| 28,426,512 | ||
| Electric Utilities 5.3% | ||
| Alliant Energy Corp. | 99,116 | 7,015,431 |
| American Electric Power Co., Inc. | 135,224 | 17,288,388 |
| Duke Energy Corp. | 51,416 | 6,449,109 |
| Entergy Corp. | 130,329 | 14,026,007 |
| NextEra Energy, Inc. | 75,144 | 6,531,516 |
| OGE Energy Corp. | 128,417 | 6,080,545 |
| Pinnacle West Capital Corp. | 66,934 | 6,759,665 |
| 64,150,661 | ||
| Electrical Equipment 3.0% | ||
| Eaton Corp. plc | 32,352 | 13,432,550 |
| Emerson Electric Co. | 101,391 | 15,190,400 |
| Hubbell, Inc. | 15,220 | 7,192,211 |
| 35,815,161 | ||
| Financial Services 1.5% | ||
| Equitable Holdings, Inc. | 140,301 | 6,685,343 |
| Voya Financial, Inc. | 109,150 | 10,852,784 |
| 17,538,127 | ||
| Food Products 1.8% | ||
| Hormel Foods Corp. | 289,770 | 7,247,148 |
| McCormick & Co., Inc. (Non-Voting) | 137,313 | 6,989,232 |
| Mondelez International, Inc., Class A | 114,011 | 7,104,025 |
| 21,340,405 | ||
| Health Care Equipment & Supplies 1.2% | ||
| Medtronic plc | 169,435 | 14,468,055 |
| Health Care Providers & Services 3.3% | ||
| CVS Health Corp. | 223,873 | 23,379,057 |
| Shares | Value | |
| Common Stocks | ||
| Health Care Providers & Services | ||
| UnitedHealth Group, Inc. | 38,121 | $ 15,797,343 |
| 39,176,400 | ||
| Hotels, Restaurants & Leisure 2.2% | ||
| McDonald's Corp. | 39,836 | 10,781,215 |
| Starbucks Corp. | 74,489 | 7,839,967 |
| Vail Resorts, Inc. (a) | 50,452 | 7,536,520 |
| 26,157,702 | ||
| Household Products 2.1% | ||
| Colgate-Palmolive Co. | 92,453 | 8,440,959 |
| Kimberly-Clark Corp. | 63,348 | 6,924,570 |
| Procter & Gamble Co. (The) | 71,687 | 10,358,054 |
| 25,723,583 | ||
| Industrial Conglomerates 0.6% | ||
| Honeywell International, Inc. | 28,541 | 6,936,890 |
| Industrial REITs 0.9% | ||
| Prologis, Inc. | 76,134 | 11,009,738 |
| Insurance 3.5% | ||
| MetLife, Inc. | 234,551 | 22,547,388 |
| Travelers Cos., Inc. (The) | 29,212 | 10,935,804 |
| Unum Group | 101,611 | 8,749,723 |
| 42,232,915 | ||
| Interactive Media & Services 1.7% | ||
| Alphabet, Inc., Class C | 32,325 | 11,528,711 |
| Meta Platforms, Inc., Class A | 15,078 | 8,394,074 |
| 19,922,785 | ||
| IT Services 1.7% | ||
| Accenture plc, Class A | 54,336 | 9,015,429 |
| International Business Machines Corp. | 52,236 | 11,682,581 |
| 20,698,010 | ||
| Leisure Products 1.4% | ||
| Hasbro, Inc. | 176,532 | 16,583,416 |
| Machinery 2.3% | ||
| Cummins, Inc. | 19,274 | 12,223,571 |
| Snap-on, Inc. | 20,732 | 8,508,620 |
| Toro Co. (The) | 75,347 | 6,922,129 |
| 27,654,320 | ||
| Media 1.4% | ||
| Nexstar Media Group, Inc. | 35,924 | 6,844,600 |
| Shares | Value | |
| Common Stocks | ||
| Media | ||
| Omnicom Group, Inc. | 119,875 | $ 9,434,162 |
| 16,278,762 | ||
| Multi-Utilities 2.3% | ||
| Ameren Corp. | 58,664 | 6,430,161 |
| CMS Energy Corp. | 92,195 | 6,637,118 |
| NiSource, Inc. | 190,787 | 8,476,666 |
| WEC Energy Group, Inc. | 60,680 | 6,639,606 |
| 28,183,551 | ||
| Oil, Gas & Consumable Fuels 4.7% | ||
| Chevron Corp. | 96,527 | 18,999,409 |
| Enterprise Products Partners LP | 320,198 | 12,183,534 |
| MPLX LP | 147,257 | 8,607,172 |
| Plains All American Pipeline LP | 287,618 | 7,066,774 |
| TotalEnergies SE | 116,391 | 10,226,113 |
| 57,083,002 | ||
| Pharmaceuticals 5.8% | ||
| Bristol-Myers Squibb Co. | 131,482 | 8,587,089 |
| Eli Lilly & Co. | 9,027 | 10,370,579 |
| Johnson & Johnson | 95,125 | 24,385,294 |
| Merck & Co., Inc. | 143,895 | 18,735,129 |
| Pfizer, Inc. | 302,793 | 7,572,853 |
| 69,650,944 | ||
| Retail REITs 1.1% | ||
| NNN REIT, Inc. | 136,621 | 6,492,230 |
| Realty Income Corp. | 108,937 | 6,957,806 |
| 13,450,036 | ||
| Semiconductors & Semiconductor Equipment 6.4% | ||
| Analog Devices, Inc. | 43,497 | 15,981,233 |
| Broadcom, Inc. | 57,834 | 22,513,620 |
| KLA Corp. | 52,440 | 9,587,081 |
| Microchip Technology, Inc. | 109,611 | 8,143,001 |
| NVIDIA Corp. | 33,844 | 6,794,183 |
| Texas Instruments, Inc. | 52,629 | 14,511,920 |
| 77,531,038 | ||
| Software 2.1% | ||
| Microsoft Corp. | 38,209 | 17,756,487 |
| Salesforce, Inc. | 42,723 | 7,861,886 |
| 25,618,373 | ||
| Specialized REITs 2.3% | ||
| American Tower Corp. | 44,228 | 7,667,366 |
| CubeSmart | 161,693 | 6,703,792 |
| Lamar Advertising Co., Class A | 41,871 | 6,697,685 |
| Shares | Value | ||
| Common Stocks | |||
| Specialized REITs | |||
| VICI Properties, Inc. | 246,489 | $ 6,494,985 | |
| 27,563,828 | |||
| Specialty Retail 1.6% | |||
| Best Buy Co., Inc. | 121,340 | 10,466,789 | |
| Home Depot, Inc. (The) | 26,515 | 8,801,919 | |
| 19,268,708 | |||
| Technology Hardware, Storage & Peripherals 5.8% | |||
| Apple, Inc. | 28,026 | 8,657,512 | |
| Dell Technologies, Inc., Class C | 63,927 | 25,914,088 | |
| Hewlett Packard Enterprise Co. | 432,906 | 20,736,197 | |
| NetApp, Inc. | 84,597 | 15,100,564 | |
| 70,408,361 | |||
| Tobacco 1.1% | |||
| Philip Morris International, Inc. | 72,117 | 13,761,366 | |
| Trading Companies & Distributors 1.6% | |||
| MSC Industrial Direct Co., Inc., Class A | 106,004 | 13,080,894 | |
| Watsco, Inc. | 21,138 | 6,537,983 | |
| 19,618,877 | |||
| Water Utilities 0.6% | |||
| Essential Utilities, Inc. | 172,083 | 6,857,508 | |
| Total Common Stocks (Cost $712,734,935) | 1,199,083,807 | ||
| Short-Term Investments 0.9% | |||
| Affiliated Investment Company 0.8% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (b) | 9,133,429 | 9,133,429 | |
| Unaffiliated Investment Company 0.1% | |||
| Invesco Government & Agency Portfolio, 3.742% (b)(c) | 1,267,500 | 1,267,500 | |
| Total Short-Term Investments (Cost $10,400,929) | 10,400,929 | ||
| Total Investments (Cost $723,135,864) | 100.5% | 1,209,484,736 | |
| Other Assets, Less Liabilities | (0.5) | (5,501,105) | |
| Net Assets | 100.0% | $ 1,203,983,631 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| (a) | All or a portion of this security was held on loan. As of July 31, 2026, the aggregate market value of securities on loan was $1,213,713. The Fund received cash collateral with a value of $1,267,500. |
| (b) | Current yield as of July 31, 2026. |
| (c) | Represents a security purchased with cash collateral received for securities on loan. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ 15,373 | $ 183,128 | $ (189,368) | $ — | $ — | $ 9,133 | $ 346 | $ — | 9,133 |
| Abbreviation(s): |
| REIT—Real Estate Investment Trust |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Common Stocks | $ 1,199,083,807 | $ — | $ — | $ 1,199,083,807 | |||
| Short-Term Investments | |||||||
| Affiliated Investment Company | 9,133,429 | — | — | 9,133,429 | |||
| Unaffiliated Investment Company | 1,267,500 | — | — | 1,267,500 | |||
| Total Short-Term Investments | 10,400,929 | — | — | 10,400,929 | |||
| Total Investments in Securities | $ 1,209,484,736 | $ — | $ — | $ 1,209,484,736 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Shares | Value | ||
| Affiliated Investment Companies 96.0% | |||
| Equity Funds 96.0% | |||
| NYLIM Candriam Emerging Markets Equity Fund Class R6 (a) | 1,605,598 | $ 25,779,967 | |
| NYLIM Candriam International Equity ETF (a) | 810,822 | 31,067,699 | |
| NYLIM Candriam U.S. Large Cap Equity ETF (a) | 672,687 | 41,253,943 | |
| NYLIM Candriam U.S. Mid Cap Equity ETF (a) | 1,344,373 | 52,693,775 | |
| NYLIM Epoch Capital Growth Fund Class I | 106,124 | 1,771,652 | |
| NYLIM Epoch International Choice Fund Class I (a) | 509,765 | 28,634,580 | |
| NYLIM Epoch U.S. Equity Yield Fund Class R6 (a) | 1,022,176 | 26,886,503 | |
| NYLIM Fiera SMID Growth Fund Class R6 (a) | 632,470 | 11,416,720 | |
| NYLIM FTSE International Equity Currency Neutral ETF | 273,695 | 10,227,982 | |
| NYLIM PineStone International Equity Fund Class R6 | 211,509 | 3,962,954 | |
| NYLIM PineStone U.S. Equity Fund Class R6 (a) | 570,338 | 11,917,439 | |
| NYLIM S&P 500 Index Fund Class I (a) | 361,332 | 29,552,227 | |
| NYLIM U.S. Large Cap R&D Leaders ETF (a) | 960,978 | 43,227,481 | |
| NYLIM Winslow Large Cap Growth ETF (a) | 420,888 | 22,993,406 | |
| NYLIM WMC Enduring Capital Fund Class R6 (a) | 306,556 | 11,794,544 | |
| NYLIM WMC Growth Fund Class R6 (a) | 668,547 | 37,860,297 | |
| NYLIM WMC International Research Equity Fund Class I (a) | 2,225,515 | 26,130,661 | |
| NYLIM WMC Small Companies Fund Class I (a) | 973,447 | 36,852,940 | |
| NYLIM WMC Value Fund Class R6 (a) | 736,991 | 28,170,073 | |
| Total Affiliated Investment Companies (Cost $326,387,043) | 482,194,843 | ||
| Short-Term Investment 3.7% | |||
| Affiliated Investment Company 3.7% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (b) | 18,265,460 | 18,265,460 | |
| Total Short-Term Investment (Cost $18,265,460) | 3.7% | 18,265,460 | |
| Total Investments (Cost $344,652,503) | 99.7% | 500,460,303 | |
| Other Assets, Less Liabilities | 0.3 | 1,699,194 | |
| Net Assets | 100.0% | $ 502,159,497 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| (a) | As of July 31, 2026, the Fund's ownership exceeds 5% of the outstanding shares of the Underlying Fund's share class. |
| (b) | Current yield as of July 31, 2026. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM Candriam Emerging Markets Equity Fund Class R6 | $ 24,229 | $ 2,000 | $ (4,311) | $ 965 | $ 2,897 | $ 25,780 | $ 310 | $ 1,004 | 1,606 |
| NYLIM Candriam International Equity ETF | 21,192 | 8,476 | (1,035) | 95 | 2,340 | 31,068 | 633 | — | 811 |
| NYLIM Candriam U.S. Large Cap Equity ETF | 34,215 | 7,317 | (5,015) | 2,301 | 2,436 | 41,254 | 277 | — | 673 |
| NYLIM Candriam U.S. Mid Cap Equity ETF | 33,599 | 13,931 | (689) | 34 | 5,819 | 52,694 | 358 | — | 1,344 |
| NYLIM Epoch Capital Growth Fund Class I | 1,672 | 138 | (39) | 2 | (1) | 1,772 | 7 | 124 | 106 |
| NYLIM Epoch International Choice Fund Class I | 23,524 | 1,089 | (585) | 52 | 4,555 | 28,635 | 482 | — | 510 |
| NYLIM Epoch U.S. Equity Yield Fund Class R6 | 33,472 | 1,891 | (11,987) | 3,162 | 349 | 26,887 | 423 | 1,467 | 1,022 |
| NYLIM Fiera SMID Growth Fund Class R6 | 33,915 | 3,069 | (25,161) | 1,790 | (2,196) | 11,417 | — | 870 | 632 |
| NYLIM FTSE International Equity Currency Neutral ETF | 9,623 | — | (929) | 414 | 1,120 | 10,228 | 302 | — | 274 |
| NYLIM PineStone International Equity Fund Class R6 | 16,072 | 339 | (12,747) | 2,413 | (2,114) | 3,963 | 147 | 56 | 212 |
| NYLIM PineStone U.S. Equity Fund Class R6 | 33,110 | 382 | (21,548) | 3,338 | (3,365) | 11,917 | 155 | 227 | 570 |
| NYLIM S&P 500 Index Fund Class I | — | 27,073 | — | — | 2,479 | 29,552 | — | — | 361 |
| NYLIM U.S. Government Liquidity Fund | 16,663 | 91,366 | (89,764) | — | — | 18,265 | 429 | — | 18,265 |
| NYLIM U.S. Large Cap R&D Leaders ETF | — | 42,478 | (2,744) | (44) | 3,537 | 43,227 | 61 | — | 961 |
| NYLIM Winslow Large Cap Growth ETF | 34,600 | 6,647 | (16,688) | (205) | (1,361) | 22,993 | 1 | — | 421 |
| NYLIM WMC Enduring Capital Fund Class R6 | 32,801 | 1,251 | (22,524) | 2,047 | (1,781) | 11,794 | 198 | 1,054 | 307 |
| NYLIM WMC Growth Fund Class R6 | 34,402 | 10,779 | (4,953) | (63) | (2,305) | 37,860 | — | 1,193 | 669 |
| NYLIM WMC International Research Equity Fund Class I | 24,001 | 4,394 | (5,913) | 626 | 3,023 | 26,131 | 679 | — | 2,226 |
| NYLIM WMC Small Companies Fund Class I | 33,752 | 1,576 | (9,189) | 2,124 | 8,590 | 36,853 | 63 | — | 973 |
| NYLIM WMC Value Fund Class R6 | 33,211 | 2,176 | (10,316) | 1,401 | 1,698 | 28,170 | 477 | 1,699 | 737 |
| $474,053 | $226,372 | $(246,137) | $20,452 | $25,720 | $500,460 | $5,002 | $7,694 |
| Swap Counterparty | Reference Obligation | Floating Rate2 | Termination Date(s) | Payment Frequency Paid/ Received | Notional Amount Long/ (Short) (000)3 | Unrealized Appreciation/ (Depreciation)4 |
| Citibank NA | Invesco S&P 500 Low Volatility ETF | 1 day FEDF minus 2.00% | 12/1/26 | Daily | (9,892) | $ — |
| Citibank NA | iShares MSCI EAFE ETF | 1 day FEDF minus 0.40% | 12/1/26 | Daily | (1,349) | — |
| Citibank NA | iShares MSCI Emerging Markets ex China ETF | 1 day FEDF plus 0.40% | 12/1/26 | Daily | 1,074 | — |
| JPMorgan Chase Bank NA | Russell 2000 Total Return Index | 1 day FEDF plus 0.42% | 4/8/27 | Daily | 4,339 | — |
| Citibank NA | S&P 500 Energy Sector Total Return Index | 1 day FEDF plus 0.85% | 12/1/26 | Daily | 7,719 | — |
| Citibank NA | S&P 500 Financials Sector Total Return Index | 1 day FEDF plus 1.05% | 12/1/26 | Daily | 6,907 | — |
| Citibank NA | S&P 500 Total Return Index | 1 day FEDF plus 0.95% | 12/1/26 | Daily | 5,515 | — |
| Citibank NA | S&P Midcap 400 Total Return Index | 1 day FEDF plus 0.85% | 12/1/26 | Daily | 6,571 | — |
| $ — |
| 1. | As of July 31, 2026, cash in the amount of $1,852,841 was pledged to brokers for OTC swap contracts. |
| 2. | Fund receives on long positions or pays on short positions the floating rate total return of the reference entity. |
| 3. | Notional amounts reflected as a positive value indicate a long position held by the Fund or Index and a negative value indicates a short position. |
| 4. | Reflects the value at reset date as of July 31, 2026. |
| Abbreviation(s): |
| EAFE—Europe, Australasia and Far East |
| ETF—Exchange-Traded Fund |
| FEDF—Federal Funds Rate |
| FTSE—Financial Times Stock Exchange |
| MSCI—Morgan Stanley Capital International |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Affiliated Investment Companies | |||||||
| Equity Funds | $ 482,194,843 | $ — | $ — | $ 482,194,843 | |||
| Short-Term Investment | |||||||
| Affiliated Investment Company | 18,265,460 | — | — | 18,265,460 | |||
| Total Investments in Securities | 500,460,303 | — | — | 500,460,303 | |||
| Other Financial Instruments | |||||||
| OTC Total Return Equity Swap Contracts (b) | — | — | — | — | |||
| Total Investments in Securities and Other Financial Instruments | $ 500,460,303 | $ — | $ — | $ 500,460,303 |
| (a) | For a complete listing of investments, see the Portfolio of Investments. |
| (b) | The value listed for these securities reflects unrealized appreciation (depreciation) as shown on the Portfolio of Investments. |
| Shares | Value | |
| Common Stocks 98.8% | ||
| Aerospace & Defense 4.5% | ||
| BWX Technologies, Inc. | 31,441 | $ 5,304,097 |
| Curtiss-Wright Corp. | 5,319 | 3,850,956 |
| 9,155,053 | ||
| Automobile Components 1.9% | ||
| Dorman Products, Inc. (a) | 18,779 | 2,500,612 |
| Patrick Industries, Inc. | 15,719 | 1,297,603 |
| 3,798,215 | ||
| Banks 4.4% | ||
| Cullen | 13,451 | 2,237,439 |
| East West Bancorp, Inc. | 22,298 | 2,921,038 |
| Wintrust Financial Corp. | 23,123 | 3,689,044 |
| 8,847,521 | ||
| Biotechnology 19.5% | ||
| Argenx SE, ADR (a) | 4,926 | 4,205,917 |
| Ascendis Pharma A/S (a) | 10,085 | 2,459,832 |
| Biohaven Ltd. (a) | 29,830 | 402,705 |
| Bridgebio Pharma, Inc. (a) | 37,633 | 3,014,027 |
| Celcuity, Inc. (a) | 16,857 | 1,456,108 |
| Cogent Biosciences, Inc. (a) | 36,921 | 1,437,335 |
| Dyne Therapeutics, Inc. (a) | 104,869 | 2,640,601 |
| Ideaya Biosciences, Inc. (a) | 103,416 | 3,671,268 |
| Insmed, Inc. (a) | 41,692 | 4,110,831 |
| Madrigal Pharmaceuticals, Inc. (a) | 7,113 | 3,324,047 |
| Neurocrine Biosciences, Inc. (a) | 27,398 | 4,569,986 |
| Spyre Therapeutics, Inc. (a) | 16,723 | 1,644,373 |
| Travere Therapeutics, Inc. (a) | 36,233 | 2,025,062 |
| uniQure NV (a) | 54,482 | 2,377,050 |
| Xenon Pharmaceuticals, Inc. (a) | 29,562 | 1,852,651 |
| 39,191,793 | ||
| Broadline Retail 1.5% | ||
| Etsy, Inc. (a) | 37,248 | 3,042,417 |
| Building Products 2.2% | ||
| Builders FirstSource, Inc. (a) | 22,431 | 1,490,316 |
| Lennox International, Inc. | 4,955 | 2,060,685 |
| Modine Manufacturing Co. (a) | 4,849 | 974,940 |
| 4,525,941 | ||
| Capital Markets 5.1% | ||
| FactSet Research Systems, Inc. | 9,509 | 2,502,769 |
| Houlihan Lokey, Inc. | 15,078 | 1,892,138 |
| Piper Sandler Cos. | 18,065 | 1,369,327 |
| Stifel Financial Corp. | 54,096 | 4,485,099 |
| 10,249,333 | ||
| Shares | Value | |
| Common Stocks | ||
| Chemicals 1.0% | ||
| Avient Corp. | 34,167 | $ 1,240,945 |
| Cabot Corp. | 9,240 | 813,305 |
| 2,054,250 | ||
| Commercial Services & Supplies 1.3% | ||
| OPENLANE, Inc. (a) | 67,431 | 2,681,057 |
| Construction & Engineering 3.8% | ||
| Comfort Systems USA, Inc. | 1,599 | 2,765,774 |
| EMCOR Group, Inc. | 6,050 | 4,824,452 |
| 7,590,226 | ||
| Consumer Staples Distribution & Retail 1.9% | ||
| Dollar Tree, Inc. (a) | 29,651 | 3,771,904 |
| Diversified Consumer Services 0.7% | ||
| Bright Horizons Family Solutions, Inc. (a) | 17,930 | 1,336,502 |
| Electrical Equipment 1.8% | ||
| Hubbell, Inc. | 7,572 | 3,578,149 |
| Financial Services 1.0% | ||
| Toast, Inc., Class A (a) | 62,152 | 2,005,645 |
| Ground Transportation 0.8% | ||
| Knight-Swift Transportation Holdings, Inc. | 23,263 | 1,617,476 |
| Health Care Equipment & Supplies 0.5% | ||
| PROCEPT BioRobotics Corp. (a) | 53,557 | 997,231 |
| Health Care Providers & Services 1.3% | ||
| Molina Healthcare, Inc. (a) | 13,927 | 2,724,400 |
| Hotels, Restaurants & Leisure 3.3% | ||
| Expedia Group, Inc. | 13,677 | 4,031,159 |
| Hyatt Hotels Corp., Class A (b) | 15,447 | 2,688,705 |
| 6,719,864 | ||
| Insurance 0.6% | ||
| Baldwin Insurance Group, Inc. (The) (a) | 43,968 | 1,219,672 |
| IT Services 3.6% | ||
| MongoDB, Inc. (a) | 12,666 | 4,274,522 |
| Twilio, Inc., Class A (a) | 14,889 | 2,938,344 |
| 7,212,866 | ||
| Shares | Value | |
| Common Stocks | ||
| Machinery 5.2% | ||
| Lincoln Electric Holdings, Inc. | 13,369 | $ 3,493,453 |
| Mueller Industries, Inc. | 52,378 | 3,478,423 |
| Nordson Corp. | 11,742 | 3,496,533 |
| 10,468,409 | ||
| Oil, Gas & Consumable Fuels 2.5% | ||
| Antero Midstream Corp. | 74,620 | 1,639,401 |
| EQT Corp. | 63,789 | 3,399,316 |
| 5,038,717 | ||
| Pharmaceuticals 0.8% | ||
| Ligand Pharmaceuticals, Inc. (a) | 5,537 | 1,592,109 |
| Real Estate Management & Development 1.3% | ||
| CoStar Group, Inc. (a) | 93,561 | 2,690,814 |
| Semiconductors & Semiconductor Equipment 6.3% | ||
| Entegris, Inc. | 28,295 | 3,368,520 |
| Impinj, Inc. (a) | 8,219 | 1,244,028 |
| Lattice Semiconductor Corp. (a) | 31,948 | 3,970,178 |
| MACOM Technology Solutions Holdings, Inc. (a) | 9,393 | 2,361,776 |
| Semtech Corp. (a) | 13,972 | 1,646,181 |
| 12,590,683 | ||
| Software 14.4% | ||
| Appfolio, Inc., Class A (a) | 9,510 | 1,713,607 |
| Docusign, Inc. (a) | 52,463 | 2,876,546 |
| HubSpot, Inc. (a) | 11,652 | 2,765,719 |
| JFrog Ltd. (a) | 93,636 | 7,471,216 |
| Klaviyo, Inc., Class A (a) | 102,070 | 1,820,929 |
| Pegasystems, Inc. (b) | 46,036 | 1,406,400 |
| Procore Technologies, Inc. (a) | 38,066 | 2,084,875 |
| Rubrik, Inc., Class A (a) | 53,364 | 3,861,419 |
| Samsara, Inc., Class A (a) | 75,971 | 2,831,439 |
| Tyler Technologies, Inc. (a) | 6,667 | 2,064,103 |
| 28,896,253 | ||
| Specialty Retail 4.6% | ||
| Boot Barn Holdings, Inc. (a) | 12,105 | 1,803,524 |
| Chewy, Inc., Class A (a) | 109,187 | 2,467,626 |
| Murphy USA, Inc. | 5,828 | 3,542,026 |
| National Vision Holdings, Inc. (a) | 62,182 | 1,370,491 |
| 9,183,667 | ||
| Textiles, Apparel & Luxury Goods 0.7% | ||
| On Holding AG, Class A (a) | 39,264 | 1,422,927 |
| Shares | Value | ||
| Common Stocks | |||
| Trading Companies & Distributors 2.3% | |||
| Applied Industrial Technologies, Inc. | 7,917 | $ 2,733,028 | |
| QXO, Inc. (a) | 140,571 | 1,869,594 | |
| 4,602,622 | |||
| Total Common Stocks (Cost $152,730,040) | 198,805,716 | ||
| Short-Term Investments 2.6% | |||
| Affiliated Investment Company 1.2% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (c) | 2,411,148 | 2,411,148 | |
| Unaffiliated Investment Company 1.4% | |||
| Invesco Government & Agency Portfolio, 3.742% (c)(d) | 2,918,233 | 2,918,233 | |
| Total Short-Term Investments (Cost $5,329,381) | 5,329,381 | ||
| Total Investments (Cost $158,059,421) | 101.4% | 204,135,097 | |
| Other Assets, Less Liabilities | (1.4) | (2,835,828) | |
| Net Assets | 100.0% | $ 201,299,269 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| (a) | Non-income producing security. |
| (b) | All or a portion of this security was held on loan. As of July 31, 2026, the aggregate market value of securities on loan was $2,824,861. The Fund received cash collateral with a value of $2,918,233. |
| (c) | Current yield as of July 31, 2026. |
| (d) | Represents a security purchased with cash collateral received for securities on loan. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ 1,205 | $ 74,323 | $ (73,117) | $ — | $ — | $ 2,411 | $ 123 | $ — | 2,411 |
| Abbreviation(s): |
| ADR—American Depositary Receipt |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Common Stocks | $ 198,805,716 | $ — | $ — | $ 198,805,716 | |||
| Short-Term Investments | |||||||
| Affiliated Investment Company | 2,411,148 | — | — | 2,411,148 | |||
| Unaffiliated Investment Company | 2,918,233 | — | — | 2,918,233 | |||
| Total Short-Term Investments | 5,329,381 | — | — | 5,329,381 | |||
| Total Investments in Securities | $ 204,135,097 | $ — | $ — | $ 204,135,097 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Principal Amount | Value | |
| Long-Term Bonds 97.8% | ||
| Asset-Backed Securities 2.4% | ||
| Other Asset-Backed Securities 2.4% | ||
| 720 East CLO IV Ltd. | ||
| Series 2024-1A, Class D1R | ||
| 6.572% (3 Month SOFR + 2.90%), due 7/15/39 (a)(b) | $ 1,000,000 | $ 997,043 |
| 720 East CLO VI Ltd. (a)(b) | ||
| Series 2024-3A, Class B | ||
| 5.379% (3 Month SOFR + 1.65%), due 1/20/38 | 694,433 | 695,531 |
| Series 2024-3A, Class D2 | ||
| 7.829% (3 Month SOFR + 4.10%), due 1/20/38 | 1,250,000 | 1,234,716 |
| 720 East CLO VIII Ltd. | ||
| Series 2025-8A, Class D1 | ||
| 6.529% (3 Month SOFR + 2.80%), due 7/20/38 (a)(b) | 2,000,000 | 1,977,964 |
| AGL CLO 44 Ltd. | ||
| Series 2025-44A, Class D1 | ||
| 6.233% (3 Month SOFR + 2.50%), due 10/22/37 (a)(b) | 1,850,000 | 1,844,877 |
| AIMCO CLO 16 Ltd. | ||
| Series 2021-16A, Class D1R2 | ||
| 6.205% (3 Month SOFR + 2.45%), due 7/17/39 (a)(b) | 1,000,000 | 1,002,628 |
| AIMCO CLO 20 Ltd. | ||
| Series 2023-20A, Class D1R | ||
| 6.393% (3 Month SOFR + 2.60%), due 10/16/38 (a)(b) | 2,000,000 | 2,003,586 |
| Ballyrock CLO 23 Ltd. | ||
| Series 2023-23A, Class C1R | ||
| 7.56% (3 Month SOFR + 3.75%), due 4/25/38 (a)(b) | 2,000,000 | 2,003,208 |
| CIFC Funding Ltd. | ||
| Series 2020-2A, Class BR2 | ||
| 5.243% (3 Month SOFR + 1.45%), due 4/16/39 (a)(b) | 275,000 | 275,090 |
| Elmwood CLO 35 Ltd. (a)(b) | ||
| Series 2024-11A, Class B | ||
| 5.379% (3 Month SOFR + 1.65%), due 10/18/37 | 1,000,000 | 1,001,241 |
| Series 2024-11A, Class D2 | ||
| 7.729% (3 Month SOFR + 4.00%), due 10/18/37 | 600,000 | 601,283 |
| Elmwood CLO 45 Ltd. | ||
| Series 2025-8A, Class D | ||
| 6.35% (3 Month SOFR + 2.60%), due 10/17/38 (a)(b) | 2,500,000 | 2,503,420 |
| Empower CLO Ltd. (a)(b) | ||
| Series 2022-1A, Class BR | ||
| 5.479% (3 Month SOFR + 1.75%), due 10/20/37 | 1,250,000 | 1,252,631 |
| Series 2023-2A, Class D1R | ||
| 6.553% (3 Month SOFR + 2.80%), due 10/15/38 | 1,250,000 | 1,245,765 |
| Series 2022-1A, Class D1R | ||
| 6.729% (3 Month SOFR + 3.00%), due 10/20/37 | 1,250,000 | 1,218,063 |
| Galaxy 31 CLO Ltd. | ||
| Series 2023-31A, Class BR | ||
| 5.553% (3 Month SOFR + 1.80%), due 7/15/38 (a)(b) | 750,000 | 751,772 |
| Oaktree CLO Ltd. | ||
| Series 2024-25A, Class DR | ||
| 6.429% (3 Month SOFR + 2.70%), due 4/20/39 (a)(b) | 2,000,000 | 1,970,792 |
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Other Asset-Backed Securities | ||
| Palmer Square CLO Ltd. (a)(b) | ||
| Series 2025-1A, Class C | ||
| 5.429% (3 Month SOFR + 1.70%), due 4/20/38 | $ 150,000 | $ 150,375 |
| Series 2022-2A, Class D1R | ||
| 6.729% (3 Month SOFR + 3.00%), due 7/20/37 | 1,875,000 | 1,867,016 |
| Series 2022-2A, Class D2R | ||
| 7.929% (3 Month SOFR + 4.20%), due 7/20/37 | 1,875,000 | 1,859,284 |
| Palmer Square Loan Funding Ltd. | ||
| Series 2025-3A, Class C | ||
| 6.153% (3 Month SOFR + 2.40%), due 1/15/34 (a)(b) | 2,000,000 | 1,999,996 |
| Sixth Street CLO 27 Ltd. | ||
| Series 2024-27A, Class D2 | ||
| 7.75% (3 Month SOFR + 4.00%), due 1/17/38 (a)(b) | 1,875,000 | 1,861,116 |
| Texas Debt Capital CLO Ltd. | ||
| Series 2023-1A, Class D1R | ||
| 6.479% (3 Month SOFR + 2.75%), due 7/20/38 (a)(b) | 1,000,000 | 1,001,881 |
| Total Asset-Backed Securities (Cost $31,447,101) | 31,319,278 | |
| Corporate Bonds 6.8% | ||
| Aerospace & Defense 0.0% ‡ | ||
| TransDigm, Inc. | ||
| 6.75%, due 1/31/34 (a) | 450,000 | 457,323 |
| Airlines 0.3% | ||
| JetBlue Airways Corp. | ||
| 9.875%, due 9/20/31 (a) | 2,800,000 | 2,436,403 |
| VistaJet Malta Finance plc | ||
| 9.50%, due 6/1/28 (a) | 2,000,000 | 2,031,008 |
| 4,467,411 | ||
| Auto Manufacturers 0.2% | ||
| Ford Motor Credit Co. LLC | ||
| 7.35%, due 11/4/27 | 2,000,000 | 2,051,467 |
| Auto Parts & Equipment 0.3% | ||
| Adient Global Holdings Ltd. (a) | ||
| 7.50%, due 2/15/33 | 2,600,000 | 2,683,273 |
| 8.25%, due 4/15/31 | 1,000,000 | 1,039,773 |
| American Axle & Manufacturing, Inc. | ||
| 6.875%, due 7/1/28 | 624,000 | 624,000 |
| 4,347,046 | ||
| Building Materials 0.3% | ||
| CP Atlas Buyer, Inc. | ||
| 9.75%, due 7/15/30 (a) | 2,700,000 | 2,431,615 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Building Materials | ||
| JELD-WEN, Inc. | ||
| 4.875%, due 12/15/27 (a) | $ 780,000 | $ 627,738 |
| Wilsonart LLC | ||
| 11.00%, due 8/15/32 (a) | 500,000 | 384,806 |
| 3,444,159 | ||
| Chemicals 0.0% ‡ | ||
| ASP Unifrax Holdings, Inc. | ||
| 7.10% (5.85% Cash and 1.25% PIK), due 9/30/29 (a)(c)(d)(e) | 557,843 | 56 |
| WR Grace Holdings LLC | ||
| 5.625%, due 8/15/29 (a) | 700,000 | 642,679 |
| 642,735 | ||
| Commercial Services 0.3% | ||
| Clarivate Science Holdings Corp. | ||
| 4.875%, due 7/1/29 (a) | 700,000 | 644,571 |
| ION Platform Finance US, Inc. | ||
| 7.875%, due 9/30/32 (a) | 1,400,000 | 1,108,818 |
| WEX, Inc. | ||
| 6.50%, due 3/15/33 (a) | 1,600,000 | 1,589,781 |
| 3,343,170 | ||
| Computers 0.0% ‡ | ||
| Amentum Holdings, Inc. | ||
| 7.25%, due 8/1/32 (a) | 510,000 | 523,970 |
| Distribution & Wholesale 0.2% | ||
| Velocity Vehicle Group LLC | ||
| 8.00%, due 6/1/29 (a) | 2,170,000 | 2,150,594 |
| Diversified Financial Services 0.6% | ||
| Azorra Finance Ltd. | ||
| 7.75%, due 4/15/30 (a) | 1,250,000 | 1,293,754 |
| Champions Financing, Inc. | ||
| 8.75%, due 2/15/29 (a) | 1,650,000 | 1,632,684 |
| Focus Financial Partners LLC | ||
| 6.75%, due 9/15/31 (a) | 2,000,000 | 1,987,500 |
| GGAM Finance Ltd. | ||
| 6.875%, due 4/15/29 (a) | 840,000 | 853,652 |
| TrueNoord Capital DAC | ||
| 8.75%, due 3/1/30 (a) | 2,300,000 | 2,383,504 |
| 8,151,094 | ||
| Electric 0.2% | ||
| Vistra Operations Co. LLC | ||
| 5.00%, due 7/31/27 (a) | 1,500,000 | 1,499,498 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Electric | ||
| XPLR Infrastructure Operating Partners LP | ||
| 8.625%, due 3/15/33 (a) | $ 1,450,000 | $ 1,549,158 |
| 3,048,656 | ||
| Entertainment 0.1% | ||
| Great Canadian Gaming Corp. | ||
| 8.75%, due 11/15/29 (a) | 1,400,000 | 1,413,409 |
| Food 0.0% ‡ | ||
| US Foods, Inc. | ||
| 7.25%, due 1/15/32 (a) | 500,000 | 516,622 |
| Forest Products & Paper 0.2% | ||
| Magnera Corp. | ||
| 7.25%, due 11/15/31 (a) | 2,250,000 | 2,202,187 |
| Healthcare-Products 0.0% ‡ | ||
| Medline Borrower LP | ||
| 5.25%, due 10/1/29 (a) | 470,000 | 465,605 |
| Healthcare-Services 0.4% | ||
| Concentra Health Services, Inc. | ||
| 6.875%, due 7/15/32 (a) | 1,500,000 | 1,542,446 |
| LifePoint Health, Inc. (a) | ||
| 8.375%, due 2/15/32 | 1,250,000 | 1,258,491 |
| 10.00%, due 6/1/32 | 2,000,000 | 1,920,136 |
| 4,721,073 | ||
| Housewares 0.2% | ||
| Newell Brands, Inc. | ||
| 8.50%, due 6/1/28 (a) | 2,500,000 | 2,609,337 |
| Insurance 0.4% | ||
| Acrisure LLC | ||
| 8.25%, due 2/1/29 (a) | 1,110,000 | 1,064,340 |
| CRC Insurance Group LLC | ||
| 7.125%, due 6/1/31 (a) | 4,000,000 | 3,992,467 |
| 5,056,807 | ||
| Internet 0.1% | ||
| Gen Digital, Inc. | ||
| 6.75%, due 9/30/27 (a) | 1,320,000 | 1,322,031 |
| Machinery-Diversified 0.0% ‡ | ||
| GrafTech Finance, Inc. | ||
| 4.625%, due 12/23/29 (a) | 430,000 | 258,041 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Media 0.4% | ||
| Gray Media, Inc. | ||
| 10.50%, due 7/15/29 (a) | $ 1,746,000 | $ 1,841,262 |
| Univision Communications, Inc. | ||
| 8.50%, due 7/31/31 (a) | 3,250,000 | 3,242,806 |
| VZ Secured Financing BV | ||
| 7.50%, due 1/15/33 (a) | 700,000 | 628,282 |
| 5,712,350 | ||
| Mining 0.1% | ||
| Novelis Corp. | ||
| 6.875%, due 1/30/30 (a) | 1,300,000 | 1,333,831 |
| Miscellaneous—Manufacturing 0.1% | ||
| GrafTech Global Enterprises, Inc. | ||
| 9.875%, due 12/23/29 (a) | 2,100,000 | 1,469,704 |
| Oil & Gas 0.4% | ||
| SM Energy Co. (a) | ||
| 6.75%, due 8/1/29 | 1,350,000 | 1,369,587 |
| 7.00%, due 8/1/32 | 1,350,000 | 1,371,568 |
| 8.625%, due 11/1/30 | 2,270,000 | 2,382,905 |
| 5,124,060 | ||
| Oil & Gas Services 0.1% | ||
| Star Holding LLC | ||
| 8.75%, due 8/1/31 (a) | 990,000 | 1,011,028 |
| Packaging & Containers 0.2% | ||
| Clydesdale Acquisition Holdings, Inc. | ||
| 8.75%, due 4/15/30 (a) | 900,000 | 860,134 |
| Trident TPI Holdings, Inc. | ||
| 12.75%, due 12/31/28 (a) | 1,180,000 | 1,152,527 |
| 2,012,661 | ||
| Pharmaceuticals 0.2% | ||
| 1261229 B.C. Ltd. | ||
| 10.00%, due 4/15/32 (a) | 750,000 | 766,686 |
| Endo Finance Holdings LP | ||
| 8.50%, due 4/15/31 (a) | 1,737,000 | 1,829,269 |
| 2,595,955 | ||
| Pipelines 0.2% | ||
| Global Partners LP | ||
| 8.25%, due 1/15/32 (a) | 1,000,000 | 1,042,479 |
| NGL Energy Operating LLC | ||
| 8.125%, due 2/15/29 (a) | 1,000,000 | 1,025,083 |
| 2,067,562 | ||
| Principal Amount | Value | |
| Corporate Bonds | ||
| Real Estate Investment Trusts 0.1% | ||
| RHP Hotel Properties LP | ||
| 7.25%, due 7/15/28 (a) | $ 1,100,000 | $ 1,120,289 |
| Retail 0.3% | ||
| Global Auto Holdings Ltd. | ||
| 8.375%, due 1/15/29 (a) | 3,250,000 | 3,224,913 |
| LBM Acquisition LLC | ||
| 6.25%, due 1/15/29 (a) | 2,000,000 | 1,281,538 |
| 4,506,451 | ||
| Software 0.6% | ||
| Central Parent LLC | ||
| 8.00%, due 6/15/29 (a) | 1,500,000 | 787,500 |
| Cloud Software Group LLC | ||
| 8.25%, due 6/30/32 (a) | 1,670,000 | 1,579,800 |
| CoreWeave, Inc. (a) | ||
| 9.25%, due 6/1/30 | 1,000,000 | 934,556 |
| 9.75%, due 10/1/31 | 900,000 | 816,627 |
| Rocket Software, Inc. | ||
| 9.00%, due 11/28/28 (a) | 3,500,000 | 3,464,253 |
| 7,582,736 | ||
| Telecommunications 0.1% | ||
| Altice France SA | ||
| 6.50%, due 10/15/31 (a) | 1,500,000 | 1,447,472 |
| Transportation 0.1% | ||
| Stonepeak Nile Parent LLC | ||
| 7.25%, due 3/15/32 (a) | 1,670,000 | 1,721,358 |
| Trucking & Leasing 0.1% | ||
| FTAI Aviation Investors LLC | ||
| 7.00%, due 6/15/32 (a) | 1,150,000 | 1,174,178 |
| Total Corporate Bonds (Cost $92,981,285) | 90,072,372 | |
| Loan Assignments 88.6% | ||
| Aerospace & Defense 3.5% | ||
| AAdvantage Loyalty IP Ltd. | ||
| First Lien 2025 Incremental Term Loan | ||
| 6.479% (3 Month SOFR + 2.75%), due 5/28/32 (b) | 3,765,000 | 3,762,312 |
| Arcline FM Holdings LLC | ||
| First Lien 2025-1 New Term Loan | ||
| 6.596% (6 Month SOFR + 2.75%), due 6/24/30 (b) | 4,690,017 | 4,700,068 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Aerospace & Defense | ||
| Asplundh Tree Expert LLC | ||
| First Lien 2021 Refinancing Term Loan | ||
| 5.502%, due 9/6/27 | $ 3,544,685 | $ 3,540,254 |
| Chromalloy Corp. | ||
| First Lien Term Loan | ||
| 6.484% (3 Month SOFR + 2.75%), due 3/27/31 (b) | 5,164,761 | 5,173,799 |
| Cobham Ultra SeniorCo SARL | ||
| First Lien USD Facility Term Loan B | ||
| 7.791% (6 Month SOFR + 3.75%), due 8/3/29 (b) | 2,460,119 | 2,467,807 |
| Dynasty Acquisition Co., Inc. (b) | ||
| First Lien Initial Term Loan B1 | ||
| 5.731% (1 Month SOFR + 2.00%), due 10/31/31 | 737,364 | 738,931 |
| First Lien Initial Term Loan B2 | ||
| 5.731% (1 Month SOFR + 2.00%), due 10/31/31 | 280,468 | 281,074 |
| Engineering Research and Consulting LLC | ||
| First Lien Term Loan B | ||
| 8.732% (3 Month SOFR + 5.00%), due 8/15/31 (b) | 2,364,000 | 1,964,089 |
| Galileo Parent, Inc. | ||
| First Lien Initial Term Loan | ||
| 8.118% (6 Month SOFR + 4.50%), due 3/3/33 (b) | 3,500,000 | 3,513,125 |
| Goat Holdco LLC | ||
| First Lien Term Loan B | ||
| 6.231% (1 Month SOFR + 2.50%), due 1/27/32 (b) | 3,914,302 | 3,919,194 |
| Kaman Corp. | ||
| First Lien 2026-1 New Term Loan | ||
| 5.67% (3 Month SOFR + 2.00%), due 2/26/32 (b) | 1,195,092 | 1,193,598 |
| PAC DAC LLC | ||
| First Lien Term Loan B | ||
| 6.981% (1 Month SOFR + 3.25%), due 10/28/30 (b) | 1,990,000 | 1,984,404 |
| TransDigm, Inc. (b) | ||
| First Lien Tranche Term Loan K | ||
| 5.981% (1 Month SOFR + 2.25%), due 3/22/30 | 8,671,423 | 8,672,099 |
| First Lien Tranche Term Loan L | ||
| 6.231% (1 Month SOFR + 2.50%), due 1/19/32 | 982,500 | 983,728 |
| First Lien Term Loan N | ||
| 6.231% (1 Month SOFR + 2.50%), due 2/14/33 | 598,500 | 599,072 |
| Vista Management Holding, Inc. | ||
| First Lien Initial Term Loan | ||
| 7.475% (3 Month SOFR + 3.75%), due 4/1/31 (b) | 2,474,807 | 2,476,134 |
| 45,969,688 | ||
| Animal Food 0.3% | ||
| Alltech, Inc. | ||
| First Lien Term Loan B2 | ||
| 8.095% (1 Month SOFR + 4.25%), due 8/13/30 (b) | 4,379,750 | 4,392,526 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Automobile 3.2% | ||
| American Auto Auction Group LLC | ||
| First Lien Refinancing Term Loan | ||
| 8.232% (3 Month SOFR + 4.50%), due 5/28/32 (b) | $ 4,240,809 | $ 4,242,577 |
| American Axle & Manufacturing, Inc. | ||
| First Lien Tranche Term Loan C 6.915% - 6.925% | ||
| (1 Month SOFR + 3.25%, 3 Month SOFR + 3.25%), due 2/3/33 (b) | 972,538 | 976,185 |
| Autokiniton US Holdings, Inc. | ||
| First Lien Term Loan B | ||
| 7.845% (1 Month SOFR + 4.00%), due 4/6/28 (b) | 1,911,378 | 1,909,287 |
| Clarios Global LP (b) | ||
| First Lien 2024 Dollar Term Loan | ||
| 6.231% (1 Month SOFR + 2.50%), due 5/6/30 | 4,350,153 | 4,355,591 |
| First Lien Amendment No. 7 Dollar Term Loan | ||
| 6.231% (1 Month SOFR + 2.50%), due 1/28/32 | 4,477,500 | 4,483,097 |
| Gates Corp. | ||
| First Lien Initial Dollar Term Loan B5 | ||
| 5.481% (1 Month SOFR + 1.75%), due 6/4/31 (b) | 4,396,377 | 4,389,646 |
| LSF12 Helix Parent LLC | ||
| First Lien Term Loan B | ||
| 7.231% (1 Month SOFR + 3.50%), due 2/10/33 (b) | 3,882,333 | 3,836,576 |
| Mavis Tire Express Services Topco Corp. | ||
| First Lien 2025 Incremental Term Loan | ||
| 6.669% (6 Month SOFR + 3.00%), due 5/4/28 (b) | 6,186,173 | 6,170,002 |
| OPENLANE, Inc. | ||
| First Lien 2025 Incremental Term Loan | ||
| 6.148% (3 Month SOFR + 2.50%), due 10/8/32 (b) | 1,990,000 | 1,990,000 |
| Stonepeak Nile Parent LLC | ||
| First Lien Amendment No. 3 Term Loan | ||
| 5.657% (3 Month SOFR + 2.00%), due 4/9/32 (b) | 4,169,375 | 4,156,346 |
| Wand NewCo 3, Inc. | ||
| First Lien Initial Term Loan | ||
| 6.231% (1 Month SOFR + 2.50%), due 1/30/31 (b) | 5,960,811 | 5,973,853 |
| 42,483,160 | ||
| Banking 0.6% | ||
| Jane Street Group LLC | ||
| First Lien Extended Term Loan | ||
| 5.666% (3 Month SOFR + 2.00%), due 12/15/31 (b) | 7,431,991 | 7,399,476 |
| Beverage, Food & Tobacco 2.4% | ||
| CHG PPC Parent LLC | ||
| First Lien 2021-1 US Term Loan | ||
| 6.845% (1 Month SOFR + 3.00%), due 12/8/28 (b) | 4,130,690 | 4,137,575 |
| Chobani LLC | ||
| First Lien Closing Date Term Loan | ||
| 5.981% (1 Month SOFR + 2.25%), due 10/28/32 (b) | 1,990,000 | 1,996,965 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Beverage, Food & Tobacco | ||
| Clover Holdings 2 LLC | ||
| First Lien Initial Floating Rate Term Loan | ||
| 7.426% (1 Month SOFR + 3.75%), due 12/9/31 (b) | $ 2,992,424 | $ 2,925,095 |
| Froneri International Ltd. | ||
| First Lien Facility Term Loan B4 | ||
| 5.877% (6 Month SOFR + 2.25%), due 9/30/31 (b) | 2,850,777 | 2,833,233 |
| Froneri US, Inc. | ||
| First Lien Facility Term Loan B6 | ||
| 6.454% (6 Month SOFR + 2.50%), due 9/30/32 (b) | 4,477,500 | 4,450,805 |
| Naked Juice LLC (b) | ||
| First Lien Second Out Term Loan | ||
| 7.082% (3 Month SOFR + 3.25%), due 1/24/29 | 301,981 | 203,963 |
| First Lien First Out Term Loan | ||
| 9.232% (3 Month SOFR + 5.50%), due 1/24/29 | 1,057,931 | 1,073,359 |
| Pegasus Bidco BV | ||
| First Lien 2026-1 Dollar Term Loan | ||
| 6.167% (3 Month SOFR + 2.50%), due 7/12/32 (b) | 4,258,723 | 4,262,718 |
| Primo Brands Corp. | ||
| First Lien 2026 Refinancing Term Loan | ||
| 6.482% (3 Month SOFR + 2.75%), due 3/31/31 (b) | 4,655,000 | 4,671,399 |
| Sazerac Co., Inc. | ||
| First Lien Term Loan B2 | ||
| 5.68% (1 Month SOFR + 2.00%), due 7/9/32 (b) | 1,487,500 | 1,485,434 |
| TreeHouse Foods, Inc. | ||
| First Lien Initial Term Loan | ||
| 7.981% (1 Month SOFR + 4.25%), due 2/11/33 (b) | 4,000,000 | 4,006,000 |
| 32,046,546 | ||
| Broadcasting & Entertainment 1.7% | ||
| Altice France SA | ||
| First Lien USD Term Loan B14 | ||
| 10.616% (3 Month SOFR + 6.875%), due 5/30/31 (b) | 2,658,154 | 2,702,179 |
| Charter Communications Operating LLC | ||
| First Lien Term Loan B5 | ||
| 5.975% (3 Month SOFR + 2.25%), due 12/15/31 (b) | 4,447,374 | 4,268,861 |
| CMG Media Corp. | ||
| First Lien Facility Term Loan | ||
| 7.332% (3 Month SOFR + 3.50%), due 6/18/29 (b) | 2,512,583 | 2,342,983 |
| Creative Artists Agency LLC | ||
| First Lien Term Loan | ||
| 6.231% (1 Month SOFR + 2.50%), due 10/1/31 (b) | 6,657,470 | 6,649,148 |
| Gray Media, Inc. | ||
| First Lien Term Loan D | ||
| 6.82% (1 Month SOFR + 3.00%), due 12/1/28 (b) | 1,231,122 | 1,233,640 |
| Univision Communications, Inc. (b) | ||
| First Lien Initial Term Loan | ||
| 7.095% (1 Month SOFR + 3.25%), due 1/31/29 | 4,313,429 | 4,255,918 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Broadcasting & Entertainment | ||
| Univision Communications, Inc. (b) | ||
| First Lien 2022 Incremental Term Loan | ||
| 7.982% (3 Month SOFR + 4.25%), due 6/25/29 | $ 900,000 | $ 894,656 |
| 22,347,385 | ||
| Buildings & Real Estate 1.4% | ||
| Allspring Buyer LLC | ||
| First Lien 2024 Specified Refinancing Term Loan | ||
| 6.75% (3 Month SOFR + 3.00%), due 11/1/30 (b) | 2,086,215 | 2,094,038 |
| Core & Main LP | ||
| First Lien Tranche Term Loan F | ||
| 5.475% (3 Month SOFR + 1.75%), due 7/1/33 (b) | 2,500,000 | 2,501,563 |
| Cornerstone Building Brands, Inc. | ||
| First Lien New Term Loan B | ||
| 7.014% (3 Month SOFR + 3.25%), due 4/12/28 (b) | 4,275,976 | 2,152,240 |
| Cushman & Wakefield US Borrower LLC | ||
| First Lien 2025-3 Term Loan | ||
| 6.231% (1 Month SOFR + 2.50%), due 1/31/30 (b) | 3,449,253 | 3,450,692 |
| LSF12 Crown US Commercial Bidco LLC | ||
| First Lien Term Loan B | ||
| 6.243% (1 Year SOFR + 2.50%), due 12/2/31 (b) | 5,222,375 | 5,224,986 |
| WEC US Holdings, Inc. | ||
| First Lien Initial Term Loan | ||
| 5.647% (1 Month SOFR + 2.00%), due 1/27/31 (b) | 1,407,237 | 1,404,989 |
| Wilsonart LLC | ||
| First Lien Initial Term Loan | ||
| 7.982% (3 Month SOFR + 4.25%), due 8/5/31 (b) | 1,903,257 | 1,718,030 |
| 18,546,538 | ||
| Capital Equipment 1.2% | ||
| Discovery Energy Holding Corp. | ||
| First Lien 2026 Dollar Term Loan | ||
| 6.732% (3 Month SOFR + 3.00%), due 5/1/31 (b) | 5,258,833 | 5,275,267 |
| EMRLD Borrower LP | ||
| First Lien Second Amendment Incremental Term Loan | ||
| 6.073% (3 Month SOFR + 2.25%), due 8/4/31 (b) | 1,970,075 | 1,969,291 |
| Engineered Machinery Holdings, Inc. | ||
| First Lien 2026 USD Refinancing Term Loan | ||
| 6.491% (3 Month SOFR + 2.75%), due 11/26/32 (b) | 1,000,000 | 1,002,292 |
| MIWD Holdco II LLC | ||
| First Lien 2024 Incremental Term Loan | ||
| 6.481% (1 Month SOFR + 2.75%), due 3/28/31 (b) | 3,076,319 | 3,029,476 |
| Resilience Parent LLC | ||
| First Lien Initial Term Loan | ||
| 6.232% (3 Month SOFR + 2.50%), due 2/28/33 (b) | 3,500,000 | 3,493,437 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Capital Equipment | ||
| TK Elevator Midco GmbH | ||
| First Lien Facility Term Loan B2 | ||
| 6.48% (3 Month SOFR + 2.75%), due 4/30/30 (b) | $ 1,870,313 | $ 1,877,661 |
| 16,647,424 | ||
| Cargo Transport 0.3% | ||
| Pods LLC | ||
| First Lien Initial Term Loan | ||
| 8.176% (1 Month SOFR + 4.50%), due 5/14/31 (b) | 2,500,000 | 2,415,625 |
| Venture Global Calcasieu Pass LLC | ||
| First Lien Initial Term Loan | ||
| 6.954% (6 Month SOFR + 3.25%), due 4/11/33 (b) | 1,250,000 | 1,257,187 |
| 3,672,812 | ||
| Chemicals, Plastics & Rubber 5.7% | ||
| Aruba Investments Holdings LLC (b) | ||
| First Lien Initial Dollar Term Loan | ||
| 7.766% (3 Month SOFR + 4.00%), due 11/24/27 | 1,249,034 | 1,172,009 |
| First Lien 2022 Incremental Term Loan | ||
| 8.416% (3 Month SOFR + 4.75%), due 11/24/27 | 1,447,500 | 1,358,237 |
| Bakelite US Holdco, Inc. | ||
| First Lien Initial Term Loan | ||
| 7.482% (3 Month SOFR + 3.75%), due 12/23/31 (b) | 2,196,407 | 2,196,014 |
| Bond US Bidco 1, Inc. | ||
| First Lien Initial Term Loan B1 | ||
| 7.244% (1 Year SOFR + 3.50%), due 6/29/33 (b) | 3,000,000 | 3,012,501 |
| Clydesdale Acquisition Holdings, Inc. (b) | ||
| First Lien Term Loan B | ||
| 6.906% (1 Month SOFR + 3.175%), due 4/13/29 | 5,054,416 | 4,931,214 |
| First Lien 2025 Incremental Closing Date Term Loan B | ||
| 6.981% (1 Month SOFR + 3.25%), due 4/1/32 | 4,027,777 | 3,841,996 |
| Fortis 333, Inc. | ||
| First Lien Dollar Term Loan B | ||
| 6.982% (3 Month SOFR + 3.25%), due 3/29/32 (b) | 927,824 | 925,505 |
| INEOS US Finance LLC | ||
| First Lien 2030 Dollar Term Loan | ||
| 6.981% (1 Month SOFR + 3.25%), due 2/18/30 (b) | 3,273,722 | 3,110,036 |
| INEOS US Petrochem LLC | ||
| First Lien New Term Loan B1 | ||
| 8.081% (1 Month SOFR + 4.25%), due 4/2/29 (b) | 2,411,729 | 2,078,609 |
| Innophos Holdings, Inc. | ||
| First Lien Initial Term Loan | ||
| 8.095% (1 Month SOFR + 4.25%), due 3/16/29 (b) | 3,126,491 | 3,012,374 |
| Jazz Financing Lux SARL | ||
| First Lien Dollar Tranche Term Loan B2 | ||
| 5.981% (1 Month SOFR + 2.25%), due 5/5/28 (b) | 3,580,130 | 3,587,838 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Chemicals, Plastics & Rubber | ||
| Koppers, Inc. | ||
| First Lien 2023 Term Loan B2 | ||
| 6.24% (1 Month SOFR + 2.50%), due 4/10/30 (b) | $ 2,381,357 | $ 2,385,326 |
| Lonza Group AG | ||
| First Lien USD Facility Term Loan B | ||
| 7.757% (3 Month SOFR + 3.925%), due 7/3/28 (b) | 2,247,331 | 2,134,965 |
| Magnera Corp. | ||
| First Lien Term Loan | ||
| 8.073% (3 Month SOFR + 4.25%), due 11/4/31 (b) | 3,750,742 | 3,722,612 |
| Nouryon Finance BV | ||
| First Lien 2026 Dollar Term Loan 7.167% - 7.23% | ||
| (1 Month SOFR + 3.50%, 3 Month SOFR + 3.50%), due 7/8/31 (b) | 3,821,272 | 3,818,089 |
| Olympus Water US Holding Corp. | ||
| First Lien Dollar Term Loan B6 | ||
| 6.732% (3 Month SOFR + 3.00%), due 6/23/31 (b) | 2,415,720 | 2,412,449 |
| OQ Chemicals International Holding GmbH | ||
| First Lien Tranche Term Loan B2 | ||
| 8.60% (7.03% PIK) (3 Month SOFR + 4.75%), due 4/8/31 (b)(e) | 3,585,322 | 2,336,086 |
| Pasadena Performance Products LLC | ||
| First Lien 2025-1 Reprising Term Loan | ||
| 6.982% (3 Month SOFR + 3.25%), due 2/27/32 (b) | 1,796,053 | 1,796,054 |
| SCIH Salt Holdings, Inc. (b) | ||
| First Lien Term Loan B1 | ||
| 6.35% (6 Month SOFR + 2.75%), due 1/31/29 | 7,574,089 | 7,573,036 |
| First Lien Term Loan B | ||
| 6.583% (1 Year SOFR + 3.00%), due 7/30/31 | 8,500,000 | 8,449,527 |
| Sparta US HoldCo LLC | ||
| First Lien Term Loan | ||
| 6.657% (3 Month SOFR + 3.00%), due 8/2/30 (b) | 2,005,500 | 2,001,112 |
| TricorBraun Holdings, Inc. | ||
| First Lien Closing Date Initial Term Loan | ||
| 6.981% (1 Month SOFR + 3.25%), due 3/3/31 (b) | 4,958,387 | 4,466,267 |
| Tronox Finance LLC | ||
| First Lien 2024 Term Loan B2 | ||
| 5.982% (3 Month SOFR + 2.25%), due 4/4/29 (b) | 1,002,481 | 796,346 |
| Windsor Holdings III LLC | ||
| First Lien 2025 Refinancing Term Loan B | ||
| 6.481% (1 Month SOFR + 2.75%), due 8/1/30 (b) | 3,871,172 | 3,872,786 |
| WR Grace Holdings LLC | ||
| First Lien Term Loan B1 | ||
| 6.732% (3 Month SOFR + 3.00%), due 8/19/32 (b) | 1,371,217 | 1,370,360 |
| 76,361,348 | ||
| Commercial Services 0.6% | ||
| Champions Financing, Inc. | ||
| First Lien Initial Term Loan | ||
| 8.416% (3 Month SOFR + 4.75%), due 2/6/29 (b) | 1,964,912 | 1,905,613 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Commercial Services | ||
| Multi-Color Corp. | ||
| First Lien Takeback Term Loan | ||
| 6.136% (3 Month SOFR + 2.375%), due 5/11/33 (b) | $ 1,295,902 | $ 1,080,458 |
| Prime Security Services Borrower LLC | ||
| First Lien 2024-1 Refinancing Term Loan B1 | ||
| 5.664% (1 Month SOFR + 2.00%), due 10/15/30 (b) | 4,398,913 | 4,384,481 |
| 7,370,552 | ||
| Construction & Buildings 0.3% | ||
| CoorsTek, Inc. | ||
| First Lien Term Loan B | ||
| 6.228% (3 Month SOFR + 2.50%), due 10/28/32 (b) | 2,743,125 | 2,755,126 |
| Star Holding LLC | ||
| First Lien Term Loan B | ||
| 8.231% (1 Month SOFR + 4.50%), due 7/31/31 (b) | 1,375,500 | 1,376,876 |
| 4,132,002 | ||
| Consumer Durables 0.1% | ||
| SWF Holdings I Corp. (b) | ||
| First Lien Delayed Draw Term Loan | ||
| 8.231% (1 Month SOFR + 4.50%), due 12/19/29 | 857,143 | 846,965 |
| First Lien Tranche Term Loan A1 | ||
| 8.231% (1 Month SOFR + 4.50%), due 12/19/29 | 642,857 | 635,223 |
| 1,482,188 | ||
| Containers, Packaging & Glass 1.7% | ||
| Alliance Laundry Systems LLC | ||
| First Lien Initial Term Loan B 5.731% - 5.823% | ||
| (1 Month SOFR + 2.00%, 3 Month SOFR + 2.00%), due 8/19/31 (b) | 1,518,072 | 1,518,784 |
| Charter Next Generation, Inc. | ||
| First Lien Initial Term Loan | ||
| 6.167% (1 Month SOFR + 2.50%), due 11/29/30 (b) | 4,342,289 | 4,345,303 |
| Graham Packaging Co., Inc. | ||
| First Lien Initial Term Loan | ||
| 5.981% (1 Month SOFR + 2.25%), due 1/26/33 (b) | 2,955,000 | 2,953,992 |
| Owens-Brockway Glass Container, Inc. | ||
| First Lien Tranche Term Loan B1 | ||
| 6.731% (1 Month SOFR + 3.00%), due 9/30/32 (b) | 1,760,385 | 1,736,729 |
| ProAmpac PG Borrower LLC | ||
| First Lien Initial USD Term Loan 7.666% - 7.823% | ||
| (3 Month SOFR + 4.00%), due 3/7/33 (b) | 5,085,827 | 4,968,217 |
| RLG Holdings LLC | ||
| First Lien Closing Date Initial Term Loan | ||
| 8.334% (3 Month SOFR + 4.25%), due 7/7/28 (b) | 4,775,000 | 1,867,025 |
| Trident TPI Holdings, Inc. | ||
| First Lien Tranche Term Loan B7 | ||
| 7.482% (3 Month SOFR + 3.75%), due 9/15/28 (b) | 4,952,401 | 4,641,638 |
| 22,031,688 | ||
| Principal Amount | Value | |
| Loan Assignments | ||
| Diversified/Conglomerate Manufacturing 1.6% | ||
| Allied Universal Holdco LLC | ||
| First Lien Amendment No. 7 Replacement US Dollar Term Loan | ||
| 6.981% (1 Month SOFR + 3.25%), due 8/20/32 (b) | $ 9,131,000 | $ 9,154,266 |
| Filtration Group Corp. | ||
| First Lien 2025 Incremental Dollar Term Loan B | ||
| 6.231% (1 Month SOFR + 2.50%), due 10/23/28 (b) | 2,359,366 | 2,359,857 |
| Iron Mountain, Inc. | ||
| First Lien Amendment No. 1 Incremental Term Loan | ||
| 5.731% (1 Month SOFR + 2.00%), due 1/31/31 (b) | 1,618,986 | 1,613,926 |
| Quikrete Holdings, Inc. (b) | ||
| First Lien Term Loan B1 | ||
| 5.981% (1 Month SOFR + 2.25%), due 4/14/31 | 3,861,257 | 3,863,450 |
| First Lien Term Loan B3 | ||
| 5.981% (1 Month SOFR + 2.25%), due 2/10/32 | 3,950,000 | 3,952,880 |
| 20,944,379 | ||
| Diversified/Conglomerate Service 0.9% | ||
| Genesys Cloud Services, Inc. | ||
| First Lien 2025 Dollar Term Loan | ||
| 6.231% (1 Month SOFR + 2.50%), due 1/30/32 (b) | 6,388,694 | 6,146,453 |
| MKS Instruments, Inc. | ||
| First Lien 2026-1 Dollar Term Loan B | ||
| 5.417% (1 Month SOFR + 1.75%), due 2/4/33 (b) | 1,554,229 | 1,552,935 |
| TruGreen LP | ||
| First Lien Term Loan B | ||
| 7.766% (3 Month SOFR + 4.00%), due 11/2/27 (b) | 5,159,764 | 4,850,178 |
| 12,549,566 | ||
| Ecological 0.6% | ||
| Discovery Purchaser Corp. | ||
| First Lien Term Loan | ||
| 7.483% (3 Month SOFR + 3.75%), due 10/4/29 (b) | 3,456,468 | 3,439,186 |
| GFL Environmental Services, Inc. | ||
| First Lien Initial Term Loan | ||
| 6.156% (3 Month SOFR + 2.50%), due 3/3/32 (b) | 4,168,500 | 4,171,105 |
| 7,610,291 | ||
| Electronics 3.7% | ||
| Camelot US Acquisition LLC (b) | ||
| First Lien Incremental Term Loan B | ||
| 6.481% (1 Month SOFR + 2.75%), due 1/31/31 | 4,187,730 | 3,893,542 |
| First Lien Incremental Term Loan | ||
| 6.981% (1 Month SOFR + 3.25%), due 1/31/31 | 1,500,000 | 1,400,625 |
| Castle US Holding Corp. (b) | ||
| First Lien Second Out Dollar Term Loan B1 | ||
| 8.334% (3 Month SOFR + 4.25%), due 5/31/30 | 149,762 | 72,260 |
| First Lien Initial First Out Dollar Term Loan | ||
| 8.732% (1.00% PIK) (3 Month SOFR + 5.00%), due 4/29/30 (e) | 977,474 | 971,636 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Electronics | ||
| CoreLogic, Inc. | ||
| First Lien Term Loan B | ||
| 7.974% (1 Month SOFR + 4.25%), due 7/25/31 (b) | $ 2,500,000 | $ 2,397,655 |
| Eagle Parent Corp. | ||
| First Lien Initial Term Loan | ||
| 7.982% (3 Month SOFR + 4.25%), due 4/2/29 (b) | 2,696,246 | 2,711,652 |
| Epicor Software Corp. | ||
| First Lien Term Loan E | ||
| 6.481% (1 Month SOFR + 2.75%), due 5/30/31 (b) | 7,135,539 | 6,801,953 |
| Gainwell Acquisition Corp. | ||
| First Lien Term Loan B | ||
| 7.832% (3 Month SOFR + 4.00%), due 10/1/27 (b) | 3,024,357 | 2,991,845 |
| MH Sub I LLC (b) | ||
| First Lien Term Loan | ||
| 7.981% (1 Month SOFR + 4.25%), due 5/3/28 | 2,046,526 | 1,983,302 |
| First Lien 2024 December New Term Loan | ||
| 7.981% (1 Month SOFR + 4.25%), due 12/31/31 | 1,412,523 | 1,253,615 |
| Project Alpha Intermediate Holding, Inc. | ||
| First Lien Second Amendment Refinancing Term Loan | ||
| 6.982% (3 Month SOFR + 3.25%), due 10/28/30 (b) | 5,365,669 | 4,166,442 |
| Proofpoint, Inc. | ||
| First Lien 2024 Refinancing Term Loan | ||
| 6.732% (3 Month SOFR + 3.00%), due 8/31/28 (b) | 6,141,783 | 6,101,204 |
| Rocket Software, Inc. | ||
| First Lien Term Loan | ||
| 7.481% (1 Month SOFR + 3.75%), due 11/28/28 (b) | 2,530,537 | 2,433,916 |
| Sharp Services LLC | ||
| First Lien New Term Loan E | ||
| 6.732% (3 Month SOFR + 3.00%), due 9/29/32 (b) | 5,007,527 | 5,023,176 |
| SS&C Technologies, Inc. | ||
| First Lien Term Loan B8 | ||
| 5.731% (1 Month SOFR + 2.00%), due 5/9/31 (b) | 4,624,794 | 4,618,842 |
| Tempo Acquisition LLC | ||
| First Lien Seventh Incremental Term Loan | ||
| 5.481% (1 Month SOFR + 1.75%), due 8/31/28 (b) | 2,987,374 | 2,554,205 |
| 49,375,870 | ||
| Energy (Electricity) 1.0% | ||
| ACI Rover Parent LLC | ||
| First Lien Initial Term Loan | ||
| 5.982% (3 Month SOFR + 2.25%), due 6/9/33 (b) | 2,750,000 | 2,746,562 |
| Cogentrix Finance Holdco I LLC | ||
| First Lien Repricing Term Loan | ||
| 5.981% (1 Month SOFR + 2.25%), due 2/26/32 (b) | 3,031,500 | 3,032,446 |
| Lightning Power LLC | ||
| First Lien Initial Term Loan B | ||
| 5.749% (1 Month SOFR + 2.00%), due 8/18/31 (b) | 4,428,712 | 4,429,504 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Energy (Electricity) | ||
| Reworld Holding Corp. (b) | ||
| First Lien Twelfth Amendment Term Loan B | ||
| 5.917% (1 Month SOFR + 2.25%), due 1/15/31 | $ 532,000 | $ 531,834 |
| First Lien Twelfth Amendment Term Loan C | ||
| 5.917% (1 Month SOFR + 2.25%), due 1/15/31 | 86,666 | 86,640 |
| First Lien Term Loan B | ||
| 5.974% (1 Month SOFR + 2.25%), due 11/30/28 | 2,053,702 | 2,054,343 |
| 12,881,329 | ||
| Entertainment 2.7% | ||
| Alterra Mountain Co. (b) | ||
| First Lien Term Loan B9 | ||
| 6.231% (1 Month SOFR + 2.50%), due 8/17/28 | 3,741,167 | 3,743,506 |
| First Lien Commitment Term Loan B8 | ||
| 6.231% (1 Month SOFR + 2.50%), due 5/31/30 | 3,452,964 | 3,452,964 |
| Delta 2 (Lux) SARL | ||
| First Lien Term Loan B | ||
| 5.482% (3 Month SOFR + 1.75%), due 9/30/31 (b) | 2,999,999 | 2,999,249 |
| EOC Borrower LLC | ||
| First Lien Term Loan B | ||
| 6.481% (1 Month SOFR + 2.75%), due 3/24/32 (b) | 6,441,203 | 6,453,280 |
| Fertitta Entertainment LLC | ||
| First Lien Initial Term Loan B | ||
| 6.981% (1 Month SOFR + 3.25%), due 1/29/29 (b) | 4,812,950 | 4,812,401 |
| Great Canadian Gaming Corp. | ||
| First Lien Term Loan B | ||
| 8.427% (3 Month SOFR + 4.75%), due 11/1/29 (b) | 1,550,274 | 1,534,771 |
| J&J Ventures Gaming LLC | ||
| First Lien 2025 Term Loan | ||
| 7.231% (1 Month SOFR + 3.50%), due 4/26/30 (b) | 3,245,509 | 3,226,237 |
| OAK-Eagle Acquireco, Inc. | ||
| First Lien Term Loan B1 | ||
| 7.251% (1 Year SOFR + 3.50%), due 3/23/33 (b) | 3,437,500 | 3,455,547 |
| TKO Worldwide Holdings LLC | ||
| First Lien Term Loan B7 | ||
| 5.412% (3 Month SOFR + 1.75%), due 11/21/31 (b) | 6,272,381 | 6,257,679 |
| 35,935,634 | ||
| Finance 9.4% | ||
| AAdvantage Loyalty IP Ltd. | ||
| First Lien Term Loan | ||
| 5.979% (3 Month SOFR + 2.25%), due 4/20/28 (b) | 3,189,625 | 3,184,975 |
| ADMI Corp. (b) | ||
| First Lien Amendment No. 4 Refinancing Term Loan | ||
| 7.22% (1 Month SOFR + 3.375%), due 12/23/27 | 899,758 | 834,525 |
| First Lien Amendment No. 5 Term Loan | ||
| 7.595% (1 Month SOFR + 3.75%), due 12/23/27 | 3,571,875 | 3,330,773 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Finance | ||
| AlixPartners LLP | ||
| First Lien 2025 Dollar Term Loan | ||
| 5.731% (1 Month SOFR + 2.00%), due 8/12/32 (b) | $ 3,291,483 | $ 3,279,140 |
| Arches Buyer, Inc. | ||
| First Lien Term Loan B | ||
| 8.217% (1 Year SOFR + 4.25%), due 7/28/31 (b) | 2,000,000 | 1,967,500 |
| Armor Holdco, Inc. | ||
| First Lien 2025 Refinancing Term Loan | ||
| 7.596% (6 Month SOFR + 3.75%), due 12/11/31 (b) | 5,540,370 | 5,535,755 |
| Ascensus Holdings, Inc. | ||
| First Lien 2024 Term Loan B | ||
| 6.731% (1 Month SOFR + 3.00%), due 11/25/32 (b) | 2,766,395 | 2,705,880 |
| Azorra SOAR Finance Ltd. | ||
| First Lien Initial Term Loan | ||
| 6.164% (3 Month SOFR + 2.50%), due 10/18/29 (b) | 2,947,560 | 2,954,929 |
| Belron Finance 2019 LLC | ||
| First Lien Term Loan B | ||
| 5.657% (3 Month SOFR + 2.00%), due 10/16/31 (b) | 6,046,768 | 6,035,430 |
| Boxer Parent Co., Inc. | ||
| First Lien 2031 Replacement Dollar Term Loan | ||
| 6.416% (3 Month SOFR + 2.75%), due 7/30/31 (b) | 6,241,677 | 5,670,389 |
| Carrix, Inc. | ||
| First Lien Term Loan B | ||
| 5.81% (1 Year SOFR + 2.00%), due 7/18/33 (b) | 7,500,000 | 7,481,250 |
| Citadel Securities LP | ||
| First Lien 2026-1 Term Loan | ||
| 5.661% (3 Month SOFR + 2.00%), due 6/10/33 (b) | 5,000,000 | 4,994,375 |
| CoreWeave Financing V LLC | ||
| First Lien Delayed Draw Loan Commitment Term Loan | ||
| 8.12% (1 Day SOFR + 4.50%), due 11/17/31 (b) | 953,806 | 957,681 |
| Covia Holdings LLC | ||
| First Lien First Amendment Term Loan | ||
| 6.50% (3 Month SOFR + 2.75%), due 2/26/32 (b) | 2,673,000 | 2,669,659 |
| Darktrace Finco US LLC | ||
| First Lien Initial Term Loan | ||
| 6.988% (3 Month SOFR + 3.25%), due 10/9/31 (b) | 3,764,925 | 3,441,374 |
| Edelman Financial Engines Center LLC (The) | ||
| First Lien Initial Term Loan | ||
| 7.731% (1 Month SOFR + 4.00%), due 12/1/31 (b) | 3,471,467 | 3,481,881 |
| First Eagle Holdings, Inc. | ||
| First Lien Initial Term Loan | ||
| 7.232% (3 Month SOFR + 3.50%), due 8/16/32 (b) | 2,549,688 | 2,548,979 |
| Focus Financial Partners LLC | ||
| First Lien Incremental Tranche Term Loan B | ||
| 6.231% (1 Month SOFR + 2.50%), due 9/15/31 (b) | 2,376,549 | 2,342,521 |
| GTCR Everest Borrower LLC | ||
| First Lien 2026-1 Term Loan | ||
| 5.982% (3 Month SOFR + 2.25%), due 9/5/31 (b) | 2,132,310 | 2,127,979 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Finance | ||
| Jupiter Borrower, Inc. | ||
| First Lien Initial Term Loan | ||
| 6.482% (3 Month SOFR + 2.75%), due 6/30/33 (b) | $ 2,500,000 | $ 2,507,813 |
| LBM Acquisition LLC | ||
| First Lien Amendment No. 3 Incremental Term Loan | ||
| 7.574% (1 Month SOFR + 3.75%), due 6/6/31 (b) | 3,024,553 | 2,412,081 |
| LSF11 Trinity Bidco, Inc. | ||
| First Lien Initial Term Loan | ||
| 6.24% (1 Month SOFR + 2.50%), due 6/14/30 (b) | 5,396,036 | 5,382,546 |
| MX Holdings US, Inc. | ||
| First Lien Senior USD Facility Term Loan B | ||
| 5.731% (1 Month SOFR + 2.00%), due 3/17/32 (b) | 2,036,648 | 2,044,286 |
| Park River Holdings, Inc. | ||
| First Lien 2025 Refinancing Term Loan | ||
| 8.225% (3 Month SOFR + 4.50%), due 3/17/31 (b) | 3,358,125 | 3,355,835 |
| Peraton Corp. | ||
| First Lien Term Loan B | ||
| 7.513% (3 Month SOFR + 3.75%), due 2/1/28 (b) | 6,807,145 | 6,184,291 |
| Pluto Acquisition I, Inc. | ||
| First Lien Term Loan A | ||
| 9.228% (3 Month SOFR + 5.50%), due 6/20/28 (b) | 1,860,294 | 1,880,060 |
| QTS Thunder Managing Issuer LLC | ||
| First Lien Term Loan B | ||
| 6.025% (1 Year SOFR + 2.25%), due 7/22/33 (b) | 12,000,000 | 11,811,000 |
| Rand Parent LLC | ||
| First Lien Add-on Term Loan B | ||
| 7.004% (1 Year SOFR + 3.00%), due 3/18/30 (b) | 3,400,000 | 3,400,000 |
| RealPage, Inc. | ||
| First Lien Initial Term Loan | ||
| 6.994% (3 Month SOFR + 3.00%), due 4/24/28 (b) | 6,110,982 | 5,829,046 |
| RealTruck Group, Inc. (b) | ||
| First Lien Second Out Tranche Term Loan A | ||
| 8.648% (3 Month SOFR + 4.75%), due 1/31/31 | 3,754,191 | 2,238,436 |
| First Lien FLFO New Money Term Loan | ||
| 9.386% (3 Month SOFR + 5.75%), due 1/31/31 | 594,942 | 609,444 |
| SCIL USA Holdings LLC | ||
| First Lien Facility Term Loan B-2 | ||
| 7.653% (3 Month SOFR + 4.00%), due 11/8/32 (b) | 1,679,560 | 1,683,759 |
| Speed Midco 3 SARL | ||
| First Lien USD Facility Term Loan B | ||
| 6.195% (6 Month SOFR + 2.50%), due 10/7/32 (b) | 1,393,000 | 1,393,000 |
| Stonepeak Bayou Holdings LP | ||
| First Lien Initial Term Loan | ||
| 6.482% (3 Month SOFR + 2.75%), due 10/1/32 (b) | 1,995,000 | 1,990,844 |
| WCG Intermediate Corp. | ||
| First Lien 2026 Refinancing Term Loan | ||
| 6.481% (1 Month SOFR + 2.75%), due 2/25/32 (b) | 6,435,162 | 6,401,378 |
| 124,668,814 | ||
| Principal Amount | Value | |
| Loan Assignments | ||
| Healthcare 1.1% | ||
| AHP Health Partners, Inc. | ||
| First Lien 2025 Term Loan B | ||
| 5.981% (1 Month SOFR + 2.25%), due 9/20/32 (b) | $ 1,714,820 | $ 1,718,035 |
| Chariot Buyer LLC | ||
| First Lien Amendment No. 5 Incremental Term Loan | ||
| 6.731% (1 Month SOFR + 3.00%), due 9/8/32 (b) | 5,386,848 | 5,389,542 |
| ICU Medical, Inc. | ||
| First Lien Tranche Term Loan B | ||
| 6.132% (3 Month SOFR + 2.25%), due 1/8/29 (b) | 2,566,233 | 2,573,290 |
| LSCS Holdings, Inc. | ||
| First Lien Term Loan | ||
| 8.232% (3 Month SOFR + 4.50%), due 2/20/32 (b) | 3,105,357 | 3,051,982 |
| US Anesthesia Partners, Inc. | ||
| First Lien Initial Term Loan | ||
| 7.761% (1 Month SOFR + 4.00%), due 10/2/28 (b) | 1,846,978 | 1,849,030 |
| 14,581,879 | ||
| Healthcare & Pharmaceuticals 2.9% | ||
| Bausch + Lomb Corp. | ||
| First Lien 2025-2 Refinancing Term Loan | ||
| 7.481% (1 Month SOFR + 3.75%), due 1/15/31 (b) | 3,656,998 | 3,666,141 |
| BioMarin Pharmaceutical, Inc. | ||
| First Lien Initial Term Loan B | ||
| 5.428% (6 Month SOFR + 1.75%), due 4/27/33 (b) | 2,800,000 | 2,796,500 |
| Concentra Health Services, Inc. | ||
| First Lien Tranche Term Loan B1 | ||
| 5.731% (1 Month SOFR + 2.00%), due 7/28/31 (b) | 923,467 | 922,889 |
| Embecta Corp. | ||
| First Lien Initial Term Loan | ||
| 6.732% (3 Month SOFR + 3.00%), due 3/30/29 (b) | 2,885,498 | 2,243,475 |
| Ensemble RCM LLC | ||
| First Lien Closing Date Term Loan | ||
| 6.823% (3 Month SOFR + 3.00%), due 2/9/33 (b) | 4,300,000 | 4,280,650 |
| Global Medical Response, Inc. | ||
| First Lien Initial Term Loan | ||
| 6.917% (1 Month SOFR + 3.25%), due 10/1/32 (b) | 2,831,111 | 2,841,728 |
| Hologic, Inc. | ||
| First Lien Term Loan B | ||
| 5.995% (3 Month SOFR + 2.25%), due 4/7/33 (b) | 8,833,333 | 8,685,772 |
| McKesson Medical-Surgical Top Holdings, Inc. | ||
| First Lien Amendment No. 1 Term Loan B | ||
| 5.982% (3 Month SOFR + 2.25%), due 6/9/32 (b) | 5,312,500 | 5,315,820 |
| Owens & Minor, Inc. | ||
| First Lien Initial Term Loan B1 | ||
| 7.581% (1 Month SOFR + 3.75%), due 3/29/29 (b) | 2,406,667 | 2,258,657 |
| Physician Partners LLC (b)(e) | ||
| First Lien Initial Tranche Term Loan B1 | ||
| 5.382% (2.50% PIK) (3 Month SOFR + 1.50%), due 12/31/29 | 1,382,332 | 1,217,527 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Healthcare & Pharmaceuticals | ||
| Physician Partners LLC (b)(e) | ||
| First Lien Tranche Term Loan C | ||
| 5.382% (4.00% PIK) (3 Month SOFR + 1.50%), due 12/31/30 | $ 874,683 | $ 678,560 |
| QuidelOrtho Corp. | ||
| First Lien Term Loan B | ||
| 7.731% (1 Month SOFR + 4.00%), due 8/20/32 (b) | 4,019,625 | 3,981,941 |
| 38,889,660 | ||
| Healthcare, Education & Childcare 2.1% | ||
| Agiliti Health, Inc. | ||
| First Lien Term Loan | ||
| 6.752% (3 Month SOFR + 3.00%), due 5/1/30 (b) | 3,227,128 | 3,122,247 |
| Amneal Pharmaceuticals LLC | ||
| First Lien Amendment No. 2 Term Loan | ||
| 6.731% (1 Month SOFR + 3.00%), due 8/2/32 (b) | 4,960,044 | 4,970,376 |
| AthenaHealth Group, Inc. | ||
| First Lien Fourth Amendment Term Loan | ||
| 6.981% (1 Month SOFR + 3.25%), due 2/16/32 (b) | 9,647,806 | 9,567,411 |
| Ecovyst Catalyst Technologies LLC | ||
| First Lien Second Amendment Term Loan | ||
| 5.731% (1 Month SOFR + 2.00%), due 6/12/31 (b) | 796,445 | 794,620 |
| Elanco Animal Health, Inc. | ||
| First Lien 2025 Refinancing Term Loan B | ||
| 5.456% (1 Month SOFR + 1.75%), due 10/29/32 (b) | 742,468 | 741,771 |
| Journey Personal Care Corp. | ||
| First Lien Term Loan B | ||
| 7.573% (3 Month SOFR + 3.75%), due 3/1/28 (b) | 4,764,968 | 4,739,657 |
| Organon & Co. | ||
| First Lien 2024 Refinancing Dollar Term Loan | ||
| 5.981% (1 Month SOFR + 2.25%), due 5/19/31 (b) | 2,795,581 | 2,790,920 |
| Select Medical Corp. | ||
| First Lien Tranche Term Loan B3 | ||
| 6.731% (1 Month SOFR + 3.00%), due 12/3/31 (b) | 922,667 | 923,820 |
| 27,650,822 | ||
| High Tech Industries 3.6% | ||
| Altar Bidco, Inc. | ||
| First Lien Term Loan B | ||
| 6.858% (1 Year SOFR + 3.35%), due 2/1/29 (b) | 3,949,118 | 3,952,203 |
| Central Parent LLC | ||
| First Lien 2024 Refinancing Term Loan | ||
| 6.982% (3 Month SOFR + 3.25%), due 7/6/29 (b) | 2,959,937 | 1,468,869 |
| CompoSecure Holdings LLC | ||
| First Lien Initial Term Loan | ||
| 5.918% (3 Month SOFR + 2.25%), due 1/14/33 (b) | 4,428,571 | 4,414,732 |
| Dayforce Bidco LLC | ||
| First Lien Initial Term Loan | ||
| 6.823% (3 Month SOFR + 3.00%), due 2/4/33 (b) | 6,166,667 | 5,731,571 |
| Principal Amount | Value | |
| Loan Assignments | ||
| High Tech Industries | ||
| Gryphon Acquire NewCo LLC | ||
| First Lien Term Loan | ||
| 6.414% (3 Month SOFR + 2.75%), due 9/13/32 (b) | $ 4,448,850 | $ 4,455,799 |
| Javelin Buyer, Inc. | ||
| First Lien Term Loan | ||
| 6.573% (3 Month SOFR + 2.75%), due 12/5/31 (b) | 1,933,141 | 1,836,484 |
| KnowBe4, Inc. | ||
| First Lien Term Loan | ||
| 7.573% (3 Month SOFR + 3.75%), due 7/23/32 (b) | 2,902,083 | 2,166,890 |
| Modena Buyer LLC | ||
| First Lien Initial Term Loan | ||
| 8.073% (3 Month SOFR + 4.25%), due 7/1/31 (b) | 3,438,750 | 3,181,704 |
| Neon Maple US Debt Mergersub, Inc. | ||
| First Lien Tranche Term Loan B1 | ||
| 6.231% (1 Month SOFR + 2.50%), due 11/17/31 (b) | 3,540,156 | 3,447,227 |
| Open Text Corp. | ||
| First Lien Term Loan B | ||
| 5.481% (1 Month SOFR + 1.75%), due 1/31/30 (b) | 1,137,428 | 1,125,343 |
| Plusgrade, Inc. | ||
| First Lien 2025 Replacement Initial Term Loan | ||
| 7.323% (3 Month SOFR + 3.50%), due 3/3/31 (b) | 3,327,536 | 3,265,144 |
| Scientific Games Holdings LP | ||
| First Lien 2024 Refinancing Dollar Term Loan | ||
| 6.752% (1 Month SOFR + 3.00%, 3 Month SOFR + 3.00%), due 4/4/29 (b) | 1,216,178 | 1,189,574 |
| Shift4 Payments LLC | ||
| First Lien Amendment No. 3 Refinancing Term Loan | ||
| 5.732% (3 Month SOFR + 2.00%), due 7/6/32 (b) | 2,245,253 | 2,242,446 |
| Sophos Holdings LLC | ||
| First Lien Dollar Tranche Term Loan | ||
| 7.345% (1 Month SOFR + 3.50%), due 3/5/27 (b) | 2,406,761 | 2,266,868 |
| Star Parent, Inc. | ||
| First Lien Term Loan | ||
| 7.732% (3 Month SOFR + 4.00%), due 9/27/30 (b) | 4,551,473 | 4,563,798 |
| Trans Union LLC | ||
| First Lien 2024 Refinancing Term Loan B9 | ||
| 5.481% (1 Month SOFR + 1.75%), due 6/24/31 (b) | 2,487,374 | 2,480,118 |
| 47,788,770 | ||
| Hotel, Gaming & Leisure 1.6% | ||
| Bingo Holdings I LLC | ||
| First Lien Term Loan | ||
| 8.482% (3 Month SOFR + 4.75%), due 6/30/32 (b) | 3,095,448 | 3,088,263 |
| Entain Holdings Gibraltar Ltd. | ||
| First Lien Term Loan B | ||
| 5.982% (3 Month SOFR + 2.25%), due 10/31/29 (b) | 557,494 | 557,594 |
| Flutter Financing BV (b) | ||
| First Lien 2024 Refinancing Term Loan B | ||
| 5.482% (3 Month SOFR + 1.75%), due 12/2/30 | 2,925,000 | 2,894,837 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Hotel, Gaming & Leisure | ||
| Flutter Financing BV (b) | ||
| First Lien Third Amendment Term Loan B | ||
| 5.732% (3 Month SOFR + 2.00%), due 6/4/32 | $ 866,250 | $ 861,649 |
| Ontario Gaming GTA LP | ||
| First Lien Term Loan B | ||
| 7.982% (3 Month SOFR + 4.25%), due 8/1/30 (b) | 2,271,244 | 2,170,812 |
| Pioneer OpCo LLC | ||
| First Lien Term Loan B | ||
| 6.999% (1 Month SOFR + 3.25%), due 5/16/33 (b) | 2,375,000 | 2,385,885 |
| Tacala Investment Corp. | ||
| First Lien Term Loan B | ||
| 6.731% (1 Month SOFR + 3.00%), due 1/31/31 (b) | 4,529,260 | 4,528,553 |
| Voyager Parent LLC | ||
| First Lien 2026 Refinancing Term Loan B | ||
| 7.982% (3 Month SOFR + 4.25%), due 7/1/32 (b) | 4,960,075 | 4,962,833 |
| 21,450,426 | ||
| Hotels, Motels, Inns & Gaming 2.2% | ||
| Caesars Entertainment, Inc. (b) | ||
| First Lien 2023 Incremental Term Loan B | ||
| 5.981% (1 Month SOFR + 2.25%), due 2/6/30 | 1,695,750 | 1,634,279 |
| First Lien Term Loan B1 | ||
| 5.981% (1 Month SOFR + 2.25%), due 2/6/31 | 2,052,750 | 1,953,534 |
| Entain Holdings Gibraltar Ltd. | ||
| First Lien Term Loan B5 | ||
| 5.982% (3 Month SOFR + 2.25%), due 7/30/32 (b) | 3,598,956 | 3,596,387 |
| Light & Wonder International, Inc. | ||
| First Lien Term Loan B3 | ||
| 5.667% (1 Month SOFR + 2.00%), due 4/16/29 (b) | 5,799,704 | 5,705,459 |
| Oceankey US II Corp. | ||
| First Lien Initial Term Loan | ||
| 7.231% (1 Month SOFR + 3.50%), due 12/15/28 (b) | 2,467,866 | 2,372,236 |
| Penn Entertainment, Inc. | ||
| First Lien Term Loan B | ||
| 5.731% (1 Month SOFR + 2.00%), due 5/30/33 (b) | 1,920,000 | 1,914,900 |
| Travel + Leisure Co. | ||
| First Lien 2024 Incremental Term Loan | ||
| 5.731% (1 Month SOFR + 2.00%), due 12/14/29 (b) | 2,200,151 | 2,200,494 |
| Whatabrands LLC (b) | ||
| First Lien 2024-2 Refinancing Term Loan B | ||
| 6.231% (1 Month SOFR + 2.50%), due 8/3/28 | 6,373,959 | 6,372,430 |
| First Lien Term Loan B | ||
| 6.591% (1 Year SOFR + 3.00%), due 8/15/33 | 3,600,000 | 3,591,000 |
| 29,340,719 | ||
| Principal Amount | Value | |
| Loan Assignments | ||
| Insurance 4.2% | ||
| Acrisure LLC (b) | ||
| First Lien Term Loan B6 | ||
| 6.731% (1 Month SOFR + 3.00%), due 11/6/30 | $ 4,237,323 | $ 3,866,557 |
| First Lien 2025 Refinancing Term Loan B | ||
| 6.981% (1 Month SOFR + 3.25%), due 6/21/32 | 2,902,274 | 2,612,047 |
| Alera Group, Inc. | ||
| First Lien 2026-1 New Term Loan | ||
| 6.481% (1 Month SOFR + 2.75%), due 5/31/32 (b) | 6,285,913 | 6,105,192 |
| Alliant Holdings Intermediate LLC | ||
| First Lien Initial Term Loan | ||
| 6.231% (1 Month SOFR + 2.50%), due 9/19/31 (b) | 5,255,032 | 5,232,041 |
| AmWINS Group, Inc. | ||
| First Lien 2026 Refinancing Term Loan | ||
| 5.732% (3 Month SOFR + 2.00%), due 1/30/32 (b) | 994,949 | 985,717 |
| Asurion LLC (b) | ||
| First Lien New Term Loan B14 | ||
| 7.573% (3 Month SOFR + 3.75%), due 2/23/33 | 3,195,396 | 2,992,489 |
| First Lien New Term Loan B12 | ||
| 8.073% (3 Month SOFR + 4.25%), due 9/19/30 | 4,566,414 | 4,449,400 |
| First Lien New Term Loan B13 | ||
| 8.073% (3 Month SOFR + 4.25%), due 9/19/30 | 1,159,964 | 1,130,240 |
| Second Lien New Term Loan B4 | ||
| 9.334% (3 Month SOFR + 5.25%), due 1/19/29 | 1,373,832 | 1,360,830 |
| Broadstreet Partners Group LLC | ||
| First Lien 2024 Term Loan B | ||
| 6.231% (1 Month SOFR + 2.50%), due 6/16/31 (b) | 5,568,874 | 5,472,577 |
| CRC Insurance Group LLC | ||
| First Lien Term Loan B | ||
| 6.482% (3 Month SOFR + 2.75%), due 5/6/31 (b) | 3,058,710 | 3,005,182 |
| Goosehead Insurance Holdings LLC | ||
| First Lien Term Loan B | ||
| 6.67% (1 Month SOFR + 3.00%), due 1/8/32 (b) | 1,982,522 | 1,957,740 |
| HUB International Ltd. | ||
| First Lien 2025 Incremental Term Loan | ||
| 5.984% (3 Month SOFR + 2.25%), due 6/20/30 (b) | 1,976,510 | 1,977,054 |
| Liberty Co Insurance Brokers LLC (The) | ||
| First Lien Initial Term Loan | ||
| 7.621% (6 Month SOFR + 3.75%), due 10/15/32 (b) | 1,990,000 | 1,850,700 |
| Ryan Specialty LLC | ||
| First Lien Term Loan B1 | ||
| 5.731% (1 Month SOFR + 2.00%), due 9/15/31 (b) | 1,858,252 | 1,857,091 |
| Sedgwick Claims Management Services, Inc. | ||
| First Lien 2024 Term Loan | ||
| 6.231% (1 Month SOFR + 2.50%), due 7/31/31 (b) | 6,016,699 | 5,973,451 |
| Trucordia Insurance Holdings LLC | ||
| First Lien Initial Term Loan | ||
| 6.982% (3 Month SOFR + 3.25%), due 6/17/32 (b) | 3,970,000 | 3,513,450 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Insurance | ||
| USI, Inc. | ||
| First Lien 2024 Term Loan D | ||
| 5.982% (3 Month SOFR + 2.25%), due 11/21/29 (b) | $ 1,979,849 | $ 1,977,065 |
| 56,318,823 | ||
| Leisure, Amusement, Motion Pictures & Entertainment 0.7% | ||
| Bombardier Recreational Products, Inc. | ||
| First Lien 2024 Extended Term Loan | ||
| 5.981% (1 Month SOFR + 2.25%), due 1/22/31 (b) | 4,082,717 | 4,082,081 |
| Marriott Ownership Resorts, Inc. | ||
| First Lien 2024 Incremental Term Loan | ||
| 5.981% (1 Month SOFR + 2.25%), due 4/1/31 (b) | 2,852,223 | 2,853,113 |
| TripAdvisor, Inc. | ||
| First Lien Initial Term Loan B | ||
| 6.481% (1 Month SOFR + 2.75%), due 7/8/31 (b) | 2,111,352 | 2,032,176 |
| 8,967,370 | ||
| Machinery (Non-Agriculture, Non-Construct & Non-Electronic) 0.2% | ||
| Columbus McKinnon Corp. | ||
| First Lien Initial Term Loan | ||
| 7.232% (3 Month SOFR + 3.50%), due 2/3/33 (b) | 2,515,784 | 2,522,073 |
| Manufacturing 2.4% | ||
| ADI Global Distribution Funding LLC | ||
| First Lien Term Loan B | ||
| 6.457% (1 Year SOFR + 2.75%), due 7/1/33 (b) | 2,166,667 | 2,166,667 |
| Belden, Inc. | ||
| First Lien Initial Term Loan | ||
| 5.981% (1 Month SOFR + 2.25%), due 7/1/33 (b) | 4,500,000 | 4,516,875 |
| ESCO Technologies, Inc. | ||
| First Lien Term Loan B | ||
| 5.592% (1 Year SOFR + 1.75%), due 6/1/33 (b) | 3,000,000 | 2,992,500 |
| FCG Acquisitions, Inc. | ||
| First Lien Initial Term Loan | ||
| 6.981% (1 Month SOFR + 3.25%), due 3/4/33 (b) | 4,033,044 | 4,050,689 |
| Madison IAQ LLC | ||
| First Lien 2026 Repriced Term Loan | ||
| 5.47% (6 Month SOFR + 1.75%), due 5/6/32 (b) | 2,493,876 | 2,490,312 |
| Pinnacle Buyer LLC | ||
| First Lien Initial Term Loan B | ||
| 6.234% (3 Month SOFR + 2.50%), due 10/1/32 (b) | 732,036 | 734,629 |
| Pro Mach Group, Inc. | ||
| First Lien Amendment No. 8 Refinancing Term Loan | ||
| 6.231% (1 Month SOFR + 2.50%), due 10/15/32 (b) | 6,169,039 | 6,179,063 |
| Skyshield US Bidco Ltd. | ||
| First Lien USD Facility Term Loan B | ||
| 6.37% (6 Month SOFR + 2.50%), due 6/2/33 (b) | 4,000,572 | 3,998,071 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Manufacturing | ||
| Sword Purchaser LLC | ||
| First Lien Initial Dollar Term Loan | ||
| 7.731% (1 Month SOFR + 4.00%), due 4/11/33 (b) | $ 2,500,000 | $ 2,402,083 |
| Weber-Stephen Products LLC | ||
| First Lien Initial Term Loan B | ||
| 7.475% (3 Month SOFR + 3.75%), due 10/1/32 (b) | 2,493,750 | 2,469,331 |
| 32,000,220 | ||
| Media 1.1% | ||
| Apple Bidco LLC | ||
| First Lien Term Loan | ||
| 6.231% (1 Month SOFR + 2.50%), due 9/23/31 (b) | 2,945,051 | 2,950,940 |
| COGECO Financing 2 LP | ||
| First Lien Term Loan B | ||
| 6.345% (1 Month SOFR + 2.50%), due 9/1/28 (b) | 3,937,355 | 3,546,081 |
| Discovery Global Holdings, Inc. | ||
| First Lien Initial Dollar Term Loan | ||
| 6.231% (1 Month SOFR + 2.50%), due 6/3/33 (b) | 4,903,846 | 4,903,846 |
| Radiate Holdco LLC | ||
| First Lien First Out Term Loan | ||
| 7.345% (1.50% PIK) (1 Month SOFR + 3.50%), due 9/25/29 (b)(e) | 1,294 | 1,143 |
| Virgin Media Bristol LLC | ||
| First Lien Facility Term Loan Y | ||
| 6.967% (6 Month SOFR + 3.175%), due 3/31/31 (b) | 3,166,667 | 2,653,667 |
| 14,055,677 | ||
| Mining, Steel, Iron & Non-Precious Metals 1.2% | ||
| American Rock Salt Co. LLC (b) | ||
| First Lien Initial Term Loan | ||
| 7.994% (3 Month SOFR + 4.00%), due 6/9/28 | 3,318,807 | 3,069,897 |
| First Lien First Out Term Loan | ||
| 10.994% (3 Month SOFR + 7.00%), due 6/11/28 | 2,157,351 | 2,171,734 |
| Arsenal AIC Parent LLC | ||
| First Lien 2025 Refinancing Term Loan B | ||
| 6.481% (1 Month SOFR + 2.75%), due 8/19/30 (b) | 1,476,797 | 1,480,950 |
| GrafTech Global Enterprises, Inc. (b) | ||
| First Lien Delayed Draw Commitment Term Loan | ||
| 9.733% (3 Month SOFR + 6.00%), due 12/21/29 | 1,826,770 | 1,753,699 |
| First Lien Initial Term Loan | ||
| 9.81% (3 Month SOFR + 6.00%), due 12/21/29 | 3,196,846 | 3,074,966 |
| Zekelman Industries, Inc. | ||
| First Lien 2024 Term Loan | ||
| 5.981% (1 Month SOFR + 2.25%), due 1/24/31 (b) | 3,896,781 | 3,890,519 |
| 15,441,765 | ||
| Oil & Gas 1.5% | ||
| Compass Power Generation LLC | ||
| First Lien Term Loan B5 | ||
| 6.231% (1 Month SOFR + 2.50%), due 4/16/29 (b) | 3,097,272 | 3,095,336 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Oil & Gas | ||
| Element Materials Technology Group US Holdings, Inc. | ||
| First Lien Initial USD Term Loan B | ||
| 7.232% (3 Month SOFR + 3.50%), due 6/22/29 (b) | $ 2,702,420 | $ 2,709,176 |
| EPZ T1 Finance Co. LLC | ||
| First Lien Initial Term Loan | ||
| 5.991% (3 Month SOFR + 2.25%), due 7/14/33 (b) | 2,057,143 | 2,054,572 |
| Fleet US Bidco, Inc. | ||
| First Lien Term Loan B2 | ||
| 6.499% (1 Month SOFR + 2.75%), due 2/21/31 (b) | 5,888,225 | 5,888,225 |
| GIP Pilot Acquisition Partners LP | ||
| First Lien Term Loan B | ||
| 5.641% (3 Month SOFR + 2.00%), due 5/19/33 (b) | 2,707,056 | 2,703,672 |
| NGL Energy Operating LLC | ||
| First Lien Initial Term Loan | ||
| 7.176% (1 Month SOFR + 3.50%), due 3/11/33 (b) | 831,250 | 835,147 |
| Prairie Acquiror LP | ||
| First Lien Term Loan B5 | ||
| 6.981% (1 Month SOFR + 3.25%), due 8/1/29 (b) | 3,169,596 | 3,185,444 |
| 20,471,572 | ||
| Packaging 0.4% | ||
| Berlin Packaging LLC | ||
| First Lien 2025 Replacement Term Loan 6.982% - 6.984% | ||
| (3 Month SOFR + 3.25%), due 6/9/31 (b) | 6,036,403 | 6,006,221 |
| Personal & Nondurable Consumer Products 1.5% | ||
| ABG Intermediate Holdings 2 LLC (b) | ||
| First Lien Term Loan B1 | ||
| 5.981% (1 Month SOFR + 2.25%), due 12/21/28 | 6,826,567 | 6,833,393 |
| First Lien 2025 Delayed Draw Term Loan | ||
| 5.981% (1 Month SOFR + 2.25%), due 2/13/32 | 1,580,000 | 1,579,259 |
| Hunter Douglas, Inc. | ||
| First Lien Tranche Term Loan B1 | ||
| 6.732% (3 Month SOFR + 3.00%), due 1/16/32 (b) | 3,350,551 | 3,345,317 |
| Leslie's Poolmart, Inc. | ||
| First Lien Term Loan B | ||
| 6.595% (1 Month SOFR + 2.75%), due 3/9/28 (b) | 1,978,813 | 760,195 |
| Prestige Brands, Inc. | ||
| First Lien Term Loan B | ||
| 5.731% (1 Month SOFR + 2.00%), due 6/13/33 (b) | 3,075,000 | 3,083,456 |
| Stonepeak Motion Finco LLC | ||
| First Lien Term Loan B | ||
| 6.342% (1 Year SOFR + 2.50%), due 6/24/33 (b) | 5,000,000 | 4,995,835 |
| 20,597,455 | ||
| Principal Amount | Value | |
| Loan Assignments | ||
| Personal & Nondurable Consumer Products (Manufacturing Only) 0.8% | ||
| SRAM LLC | ||
| First Lien Initial Term Loan | ||
| 5.731% (1 Month SOFR + 2.00%), due 2/27/32 (b) | $ 4,352,447 | $ 4,352,447 |
| Varsity Brands, Inc. | ||
| First Lien 2026 Replacement Term Loan | ||
| 6.484% (3 Month SOFR + 2.75%), due 8/26/31 (b) | 6,094,217 | 6,094,217 |
| 10,446,664 | ||
| Personal, Food & Miscellaneous Services 0.6% | ||
| IRB Holding Corp. | ||
| First Lien 2025 Replacement Term Loan B | ||
| 6.231% (1 Month SOFR + 2.50%), due 12/16/30 (b) | 5,641,757 | 5,651,551 |
| KFC Holding Co. | ||
| First Lien 2021 Term Loan B | ||
| 5.534% (1 Month SOFR + 1.75%), due 3/15/28 (b) | 2,100,688 | 2,103,314 |
| 7,754,865 | ||
| Pharmaceuticals 0.3% | ||
| Padagis LLC | ||
| First Lien Term Loan B | ||
| 8.742% (3 Month SOFR + 4.75%), due 7/6/28 (b) | 3,924,409 | 3,757,621 |
| Retail 1.1% | ||
| Chewy, Inc. | ||
| First Lien Initial Term Loan | ||
| 5.446% (3 Month SOFR + 1.75%), due 6/23/33 (b) | 5,000,000 | 4,987,500 |
| Great Outdoors Group LLC | ||
| First Lien Term Loan B | ||
| 6.981% (1 Month SOFR + 3.25%), due 1/23/32 (b) | 5,880,367 | 5,901,367 |
| Peer Holding III BV (b) | ||
| First Lien Facility Term Loan B8 | ||
| 5.982% (3 Month SOFR + 2.25%), due 9/29/32 | 1,496,250 | 1,495,783 |
| First Lien Facility Term Loan B5B | ||
| 6.232% (3 Month SOFR + 2.50%), due 7/1/31 | 1,987,393 | 1,991,119 |
| 14,375,769 | ||
| Retail Store 0.9% | ||
| Harbor Freight Tools USA, Inc. | ||
| First Lien Initial Term Loan | ||
| 5.981% (1 Month SOFR + 2.25%), due 6/11/31 (b) | 5,159,627 | 5,153,177 |
| White Cap Supply Holdings LLC | ||
| First Lien Facility Tranche Term Loan C | ||
| 6.981% (1 Month SOFR + 3.25%), due 10/19/29 (b) | 6,204,478 | 6,192,200 |
| 11,345,377 | ||
| Principal Amount | Value | |
| Loan Assignments | ||
| Services: Business 6.8% | ||
| Arcwood Environmental, Inc. | ||
| First Lien Initial Term Loan | ||
| 6.823% (3 Month SOFR + 3.00%), due 4/1/33 (b) | $ 1,833,333 | $ 1,840,208 |
| Beach Acquisition Bidco LLC | ||
| First Lien Tranche Term Loan B1 | ||
| 6.481% (1 Month SOFR + 2.75%), due 9/13/32 (b) | 3,878,031 | 3,893,380 |
| Bella Holding Co. LLC | ||
| First Lien Initial Term Loan | ||
| 6.981% (1 Month SOFR + 3.25%), due 6/16/33 (b) | 4,000,000 | 3,995,000 |
| Brown Group Holding LLC | ||
| First Lien Incremental Term Loan B2 6.166% - 6.323% | ||
| (1 Month SOFR + 2.50%, 3 Month SOFR + 2.50%), due 7/1/31 (b) | 2,672,946 | 2,677,957 |
| CHG Healthcare Services, Inc. | ||
| First Lien Amendment No. 8 Refinancing Term Loan | ||
| 6.823% (3 Month SOFR + 3.00%), due 9/29/31 (b) | 3,916,656 | 3,910,201 |
| ConnectWise LLC | ||
| First Lien Initial Term Loan | ||
| 7.494% (3 Month SOFR + 3.50%), due 9/29/28 (b) | 3,829,795 | 3,584,048 |
| DXP Enterprises, Inc. | ||
| First Lien Initial Term Loan | ||
| 6.981% (1 Month SOFR + 3.25%), due 10/11/30 (b) | 744,375 | 747,166 |
| Emma Buyer LLC | ||
| First Lien Term Loan | ||
| 7.159% (1 Year SOFR + 3.50%), due 7/14/33 (b) | 1,510,172 | 1,507,341 |
| Examworks Bidco, Inc. | ||
| First Lien 2026 Incremental Term Loan | ||
| 6.231% (1 Month SOFR + 2.50%), due 2/7/33 (b) | 5,918,331 | 5,936,300 |
| Gaia Purchaser, Inc. | ||
| First Lien 2026 Term Loan B | ||
| 7.836% (1 Year SOFR + 4.00%), due 6/23/33 (b) | 2,000,000 | 1,995,834 |
| Grant Thornton Advisors LLC | ||
| First Lien 2025 Incremental Term Loan | ||
| 6.481% (1 Month SOFR + 2.75%), due 6/2/31 (b) | 5,037,456 | 4,722,615 |
| ICON Luxembourg SARL | ||
| First Lien Repriced Lux Term Loan | ||
| 5.732% (3 Month SOFR + 2.00%), due 7/3/28 (b) | 751,496 | 752,226 |
| Inizio Group Ltd. | ||
| First Lien Initial Dollar Term Loan | ||
| 8.082% (3 Month SOFR + 4.25%), due 8/21/28 (b) | 4,577,000 | 4,439,690 |
| Maximus, Inc. | ||
| First Lien Tranche Term Loan B | ||
| 5.731% (1 Month SOFR + 2.00%), due 5/30/31 (b) | 2,870,228 | 2,863,053 |
| Mitchell International, Inc. | ||
| First Lien Initial Term Loan | ||
| 6.731% (1 Month SOFR + 3.00%), due 6/17/31 (b) | 4,912,812 | 4,769,265 |
| Orion US Finco, Inc. | ||
| First Lien Initial Term Loan | ||
| 7.263% (3 Month SOFR + 3.50%), due 10/8/32 (b) | 4,987,500 | 5,002,642 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Services: Business | ||
| Osaic Holdings, Inc. | ||
| First Lien Term Loan B1 | ||
| 6.232% (3 Month SOFR + 2.50%), due 7/30/32 (b) | $ 2,990,000 | $ 2,969,818 |
| Ovg Business Services LLC | ||
| First Lien Initial Term Loan | ||
| 6.731% (1 Month SOFR + 3.00%), due 6/25/31 (b) | 2,333,437 | 2,337,813 |
| PAREXEL International Corp. | ||
| First Lien Seventh Amendment Term Loan | ||
| 6.231% (1 Month SOFR + 2.50%), due 12/12/31 (b) | 5,914,335 | 5,924,685 |
| Plano HoldCo, Inc. | ||
| First Lien Closing Date Term Loan | ||
| 7.232% (3 Month SOFR + 3.50%), due 10/2/31 (b) | 2,271,250 | 1,771,575 |
| PRA Health Sciences, Inc. | ||
| First Lien Term Loan B | ||
| 5.732% (3 Month SOFR + 2.00%), due 7/3/28 (b) | 187,236 | 187,418 |
| Project Boost Purchaser LLC | ||
| First Lien Initial Term Loan | ||
| 6.482% (3 Month SOFR + 2.75%), due 7/16/31 (b) | 5,712,196 | 5,581,889 |
| Prometric Holdings, Inc. | ||
| First Lien Initial Term Loan | ||
| 7.481% (1 Month SOFR + 3.75%), due 6/25/32 (b) | 3,428,497 | 3,426,659 |
| Pye-Barker Fire & Safety LLC (b) | ||
| First Lien Closing Date Term Loan | ||
| 6.232% (3 Month SOFR + 2.50%), due 12/16/32 | 1,450,000 | 1,454,920 |
| First Lien Initial Delayed Draw Term Loan | ||
| 6.232% (3 Month SOFR + 2.50%), due 12/16/32 | 34,000 | 34,115 |
| Raven Acquisition Holdings LLC | ||
| First Lien Initial Term Loan | ||
| 6.731% (1 Month SOFR + 3.00%), due 11/19/31 (b) | 4,533,502 | 4,502,075 |
| Ryan LLC | ||
| First Lien 2025 Refinancing Term Loan | ||
| 7.231% (1 Month SOFR + 3.50%), due 11/5/32 (b) | 4,836,252 | 4,838,671 |
| Vestis Corp. | ||
| First Lien Term Loan B1 | ||
| 5.916% (3 Month SOFR + 2.25%), due 2/24/31 (b) | 2,149,875 | 2,126,585 |
| WMB Holdings, Inc. | ||
| First Lien USD Tranche Term Loan B | ||
| 5.731% (1 Month SOFR + 2.00%), due 11/5/29 (b) | 2,220,997 | 2,218,221 |
| 90,011,370 | ||
| Services: Consumer 1.3% | ||
| Aggreko Holdings, Inc. | ||
| First Lien 2025 Amended US Dollar Term Loan | ||
| 6.632% (3 Month SOFR + 3.00%), due 5/21/31 (b) | 1,989,950 | 1,995,754 |
| AI Aqua Merger Sub, Inc. | ||
| First Lien USD Initial Term Loan B | ||
| 6.152% (1 Month SOFR + 2.50%), due 7/5/33 (b) | 6,500,000 | 6,501,014 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Services: Consumer | ||
| Metropolis Technologies, Inc. | ||
| First Lien Initial Term Loan | ||
| 8.916% (3 Month SOFR + 5.25%), due 11/3/32 (b) | $ 2,985,000 | $ 2,932,763 |
| Ping Identity Holding Corp. | ||
| First Lien Initial Term Loan | ||
| 6.426% (1 Month SOFR + 2.75%), due 11/15/32 (b) | 3,823,750 | 3,747,275 |
| Planet US Buyer LLC | ||
| First Lien Term Loan | ||
| 6.656% (3 Month SOFR + 3.00%), due 2/7/31 (b) | 2,452,457 | 2,462,093 |
| 17,638,899 | ||
| Software 5.0% | ||
| Cloud Software Group LLC (b) | ||
| First Lien Incremental Term Loan B | ||
| 6.982% (3 Month SOFR + 3.25%), due 3/21/31 | 2,222,832 | 2,010,620 |
| First Lien Initial Dollar Term Loan B | ||
| 6.982% (3 Month SOFR + 3.25%), due 8/16/32 | 3,876,660 | 3,457,981 |
| Cotiviti, Inc. (b) | ||
| First Lien New Term Loan B | ||
| 6.456% (1 Month SOFR + 2.75%), due 5/1/31 | 2,202,523 | 2,063,030 |
| First Lien Amendment No. 2 Term Loan | ||
| 6.456% (1 Month SOFR + 2.75%), due 3/26/32 | 2,720,019 | 2,534,152 |
| Delta Topco, Inc. | ||
| First Lien Fourth Amendment Refinancing Term Loan | ||
| 6.402% (3 Month SOFR + 2.75%), due 11/30/29 (b) | 4,627,641 | 4,419,397 |
| Disco Parent, Inc. | ||
| First Lien Term Loan | ||
| 6.666% (3 Month SOFR + 3.00%), due 8/6/32 (b) | 1,791,000 | 1,759,658 |
| DS Admiral Bidco LLC | ||
| First Lien Initial Term Loan | ||
| 7.982% (3 Month SOFR + 4.25%), due 6/26/31 (b) | 3,594,239 | 3,408,535 |
| ECI Macola/Max Holding LLC | ||
| First Lien 2025 Repricing Term Loan | ||
| 6.482% (3 Month SOFR + 2.75%), due 5/9/30 (b) | 3,310,524 | 3,149,964 |
| Ellucian Holdings, Inc. | ||
| First Lien Term Loan B1 | ||
| 6.231% (1 Month SOFR + 2.50%), due 10/9/29 (b) | 4,228,458 | 4,061,083 |
| Gen Digital, Inc. | ||
| First Lien Term Loan B | ||
| 5.481% (1 Month SOFR + 1.75%), due 9/12/29 (b) | 3,213,771 | 3,185,075 |
| Isolved, Inc. | ||
| First Lien Term Loan B3 | ||
| 6.481% (1 Month SOFR + 2.75%), due 10/14/30 (b) | 2,320,074 | 2,183,770 |
| McAfee Corp. | ||
| First Lien Tranche Term Loan B1 | ||
| 6.731% (1 Month SOFR + 3.00%), due 3/1/29 (b) | 6,804,479 | 6,130,414 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Software | ||
| Mitnick Corp. Purchaser, Inc. | ||
| First Lien Initial Term Loan | ||
| 8.673% (3 Month SOFR + 4.75%), due 5/2/29 (b) | $ 1,906,725 | $ 565,662 |
| OPAL US LLC | ||
| First Lien Facility Term Loan B6 | ||
| 6.232% (3 Month SOFR + 2.50%), due 4/28/32 (b) | 6,947,587 | 6,959,169 |
| Sovos Compliance LLC | ||
| First Lien Amendment No. 3 Replacement Term Loan | ||
| 6.981% (1 Month SOFR + 3.25%), due 8/13/29 (b) | 2,858,798 | 2,735,513 |
| Starlight Parent LLC | ||
| First Lien Initial Term Loan | ||
| 7.67% (3 Month SOFR + 4.00%), due 4/16/32 (b) | 5,210,625 | 4,038,234 |
| UKG, Inc. | ||
| First Lien Initial Term Loan | ||
| 6.073% (3 Month SOFR + 2.25%), due 2/10/31 (b) | 7,207,302 | 6,909,100 |
| Vision Solutions, Inc. | ||
| First Lien New Term Loan B | ||
| 8.084% (3 Month SOFR + 4.00%), due 4/24/28 (b) | 2,668,644 | 2,142,921 |
| VS Buyer LLC | ||
| First Lien 2025-1 Initial Term Loan | ||
| 6.073% (3 Month SOFR + 2.25%), due 4/14/31 (b) | 5,007,302 | 4,813,269 |
| 66,527,547 | ||
| Telecommunications 1.5% | ||
| CSC Holdings LLC | ||
| First Lien Term Loan B5 | ||
| 8.25% (PRIME + 1.50%), due 4/15/27 (b) | 4,271,328 | 2,693,072 |
| Cushman & Wakefield US Borrower LLC | ||
| First Lien Amendment No. 14 Term Loan | ||
| 5.981% (1 Month SOFR + 2.25%), due 6/13/33 (b) | 176,562 | 176,673 |
| Indy US Holdco LLC | ||
| First Lien Thirteenth Amendment Refinancing Term Loan | ||
| 5.981% (1 Month SOFR + 2.25%), due 10/31/30 (b) | 8,803,974 | 8,627,895 |
| Level 3 Financing, Inc. | ||
| First Lien Term Loan B5 | ||
| 6.481% (1 Month SOFR + 2.75%), due 3/29/32 (b) | 2,400,000 | 2,406,900 |
| WS Audiology A/S | ||
| First Lien Facility Term Loan B11 6.984% - 7.022% | ||
| (3 Month SOFR + 3.25%, 6 Month SOFR + 3.25%), due 2/27/32 (b) | 2,977,538 | 2,981,260 |
| Zayo Group Holdings, Inc. | ||
| First Lien Initial Dollar Term Loan | ||
| 6.845% (0.50% PIK) (1 Month SOFR + 3.00%), due 3/11/30 (b)(e) | 2,671,978 | 2,663,293 |
| 19,549,093 | ||
| Utilities 0.7% | ||
| Astoria Energy LLC | ||
| First Lien Advance Term Loan B 5.981% - 5.982% | ||
| (1 Month SOFR + 2.25%, 3 Month SOFR + 2.25%), due 6/23/32 (b) | 2,327,083 | 2,327,665 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Utilities | ||
| Hamilton Projects Acquiror LLC | ||
| First Lien Initial Term Loan | ||
| 6.231% (1 Month SOFR + 2.50%), due 5/30/31 (b) | $ 2,406,696 | $ 2,409,329 |
| Pathfinder Power LLC | ||
| First Lien Term Loan B | ||
| 5.707% (1 Year SOFR + 2.00%), due 6/22/33 (b) | 4,666,667 | 4,655,000 |
| 9,391,994 | ||
| Total Loan Assignments (Cost $1,206,281,673) | 1,175,731,867 | |
| Total Long-Term Bonds (Cost $1,330,710,059) | 1,297,123,517 | |
| Shares | ||
| Affiliated Investment Company 0.5% | ||
| Fixed Income Fund 0.5% | ||
| NYLIM MacKay High Yield Corporate Bond Fund Class I | 1,299,065 | 6,642,120 |
| Total Affiliated Investment Company (Cost $7,308,299) | 6,642,120 | |
| Common Stocks 0.2% | ||
| Commercial Services & Supplies 0.0% ‡ | ||
| Multi-Color Corp. (f) | 596 | 470,840 |
| Containers & Packaging 0.0% ‡ | ||
| Labels Buyer LLC (f)(g) | 916 | 75,112 |
| Diversified Telecommunication Services 0.0% ‡ | ||
| Altice France SA (f)(g) | 15,948 | 305,741 |
| Hotels, Restaurants & Leisure 0.1% | ||
| Aimbridge Acquisition Co., Inc. (f)(g) | 28,438 | 1,393,462 |
| Machinery 0.0% ‡ | ||
| Ameriforge Group, Inc. (f)(g) | 60,753 | 2,430 |
| Technology Hardware, Storage & Peripherals 0.1% | ||
| Diebold Nixdorf, Inc. (f) | 11,878 | 874,102 |
| Total Common Stocks (Cost $5,070,903) | 3,121,687 | |
| Number of Warrants | Value | ||
| Warrants 0.0% ‡ | |||
| Capital Markets 0.0% ‡ | |||
| THAIHOT Investment Co. Ltd. | |||
| Expires 10/13/27 (f)(g)(h) | 26 | $ 0 | |
| Containers & Packaging 0.0% ‡ | |||
| Labels Buyer LLC | |||
| Expires 4/29/33 (f)(g) | 488 | 976 | |
| Total Warrants (Cost $976) | 976 | ||
| Principal Amount | |||
| Short-Term Investments 5.8% | |||
| U.S. Treasury Debt 5.8% | |||
| U.S. Treasury Bills (i) | |||
| 3.643%, due 9/8/26 | $ 105,000 | 104,619 | |
| 3.667%, due 9/22/26 | 12,591,000 | 12,526,583 | |
| 3.698%, due 10/13/26 | 7,947,000 | 7,889,677 | |
| 3.74%, due 10/15/26 | 3,050,000 | 3,027,227 | |
| 3.773%, due 11/10/26 | 5,217,000 | 5,163,824 | |
| 3.788%, due 11/27/26 | 5,990,000 | 5,917,411 | |
| 3.796%, due 10/20/26 | 20,332,000 | 20,170,180 | |
| 3.812%, due 10/27/26 | 8,307,000 | 8,235,204 | |
| 3.865%, due 11/24/26 | 14,175,000 | 14,007,110 | |
| Total Short-Term Investments (Cost $77,019,568) | 77,041,835 | ||
| Total Investments (Cost $1,420,109,805) | 104.3% | 1,383,930,135 | |
| Other Assets, Less Liabilities | (4.3) | (56,991,692) | |
| Net Assets | 100.0% | $ 1,326,938,443 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| ‡ | Less than one-tenth of a percent. |
| (a) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (b) | Floating rate—Rate shown was the rate in effect as of July 31, 2026. |
| (c) | Issue in default. |
| (d) | Issue in non-accrual status. |
| (e) | PIK ("Payment-in-Kind")—issuer may pay interest or dividends with additional securities and/or in cash. |
| (f) | Non-income producing security. |
| (g) | Security in which significant unobservable inputs (Level 3) were used in determining fair value. |
| (h) | Less than $1. |
| (i) | Interest rate shown represents yield to maturity. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM MacKay High Yield Corporate Bond Fund Class I | $ 6,775 | $ — | $ — | $ — | $ (133) | $ 6,642 | $ 306 | $ — | 1,299 |
| Abbreviation(s): |
| CLO—Collateralized Loan Obligation |
| SARL—Société À Responsabilité Limitée |
| SOFR—Secured Overnight Financing Rate |
| USD—United States Dollar |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Long-Term Bonds | |||||||
| Asset-Backed Securities | $ — | $ 31,319,278 | $ — | $ 31,319,278 | |||
| Corporate Bonds | — | 90,072,372 | — | 90,072,372 | |||
| Loan Assignments | — | 1,175,731,867 | — | 1,175,731,867 | |||
| Total Long-Term Bonds | — | 1,297,123,517 | — | 1,297,123,517 | |||
| Affiliated Investment Company | |||||||
| Fixed Income Fund | 6,642,120 | — | — | 6,642,120 | |||
| Common Stocks | 874,102 | 470,840 | 1,776,745 | 3,121,687 | |||
| Warrants | — | — | 976 | 976 | |||
| Short-Term Investments | |||||||
| U.S. Treasury Debt | — | 77,041,835 | — | 77,041,835 | |||
| Total Investments in Securities | $ 7,516,222 | $ 1,374,636,192 | $ 1,777,721 | $ 1,383,930,135 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Shares | Value | ||
| Affiliated Investment Companies 90.2% | |||
| Equity Funds 76.1% | |||
| NYLIM Candriam Emerging Markets Equity Fund Class R6 (a) | 1,951,075 | $ 31,327,052 | |
| NYLIM Candriam International Equity ETF (a) | 1,177,440 | 45,115,144 | |
| NYLIM Candriam U.S. Large Cap Equity ETF (a) | 980,626 | 60,138,949 | |
| NYLIM Candriam U.S. Mid Cap Equity ETF (a) | 1,943,010 | 76,157,831 | |
| NYLIM Epoch Capital Growth Fund Class I (a) | 188,970 | 3,154,685 | |
| NYLIM Epoch International Choice Fund Class I (a) | 749,286 | 42,088,944 | |
| NYLIM Epoch U.S. Equity Yield Fund Class R6 (a) | 1,335,899 | 35,138,410 | |
| NYLIM Fiera SMID Growth Fund Class R6 (a) | 734,282 | 13,254,533 | |
| NYLIM FTSE International Equity Currency Neutral ETF | 516,042 | 19,284,490 | |
| NYLIM PineStone International Equity Fund Class R6 | 231,627 | 4,339,901 | |
| NYLIM PineStone U.S. Equity Fund Class R6 (a) | 657,013 | 13,728,546 | |
| NYLIM S&P 500 Index Fund Class I (a) | 550,127 | 44,993,214 | |
| NYLIM U.S. Large Cap R&D Leaders ETF (a) | 1,708,446 | 76,850,685 | |
| NYLIM Winslow Large Cap Growth ETF (a) | 532,827 | 29,108,712 | |
| NYLIM WMC Enduring Capital Fund Class R6 (a) | 356,056 | 13,699,052 | |
| NYLIM WMC Growth Fund Class R6 (a) | 892,891 | 50,565,049 | |
| NYLIM WMC International Research Equity Fund Class I (a) | 3,164,197 | 37,152,099 | |
| NYLIM WMC Small Companies Fund Class I (a) | 1,262,683 | 47,802,900 | |
| NYLIM WMC Value Fund Class R6 (a) | 964,440 | 36,863,884 | |
| Total Equity Funds (Cost $455,344,410) | 680,764,080 | ||
| Fixed Income Funds 14.1% | |||
| NYLIM Floating Rate Fund Class R6 (a) | 5,327,184 | 45,376,950 | |
| NYLIM Investment Grade CLO ETF (a) | 180,019 | 4,524,778 | |
| NYLIM MacKay Core Plus Bond ETF | 429,054 | 8,836,367 | |
| NYLIM MacKay High Income ETF (a) | 873,528 | 22,392,890 | |
| NYLIM MacKay High Yield Corporate Bond Fund Class R6 | 4,431,443 | 22,571,111 | |
| NYLIM MacKay Securitized Income ETF | 274,603 | 6,851,894 | |
| NYLIM MacKay Total Return Bond Fund Class R6 | 987,133 | 8,866,133 | |
| NYLIM MacKay U.S. Infrastructure Bond Fund Class R6 | 916,556 | 6,884,895 | |
| Total Fixed Income Funds (Cost $126,725,085) | 126,305,018 | ||
| Total Affiliated Investment Companies (Cost $582,069,495) | 807,069,098 | ||
| Short-Term Investment 9.5% | |||
| Affiliated Investment Company 9.5% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (a)(b) | 84,691,396 | 84,691,396 | |
| Total Short-Term Investment (Cost $84,691,396) | 9.5% | 84,691,396 | |
| Total Investments (Cost $666,760,891) | 99.7% | 891,760,494 | |
| Other Assets, Less Liabilities | 0.3 | 2,496,632 | |
| Net Assets | 100.0% | $ 894,257,126 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| (a) | As of July 31, 2026, the Fund's ownership exceeds 5% of the outstanding shares of the Underlying Fund's share class. |
| (b) | Current yield as of July 31, 2026. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM Candriam Emerging Markets Debt Fund Class I | $ 17,205 | $ 210 | $ (17,394) | $ 801 | $ (822) | $ — | $ 209 | $ — | — |
| NYLIM Candriam Emerging Markets Equity Fund Class R6 | 30,572 | 2,115 | (6,610) | 2,078 | 3,172 | 31,327 | 386 | 1,251 | 1,951 |
| NYLIM Candriam International Equity ETF | 30,715 | 11,363 | (583) | 35 | 3,585 | 45,115 | 955 | — | 1,177 |
| NYLIM Candriam U.S. Large Cap Equity ETF | 49,757 | 11,463 | (8,053) | 3,574 | 3,398 | 60,139 | 402 | — | 981 |
| NYLIM Candriam U.S. Mid Cap Equity ETF | 47,006 | 22,464 | (1,830) | 144 | 8,374 | 76,158 | 508 | — | 1,943 |
| NYLIM Epoch Capital Growth Fund Class I | 3,010 | 235 | (91) | 7 | (6) | 3,155 | 13 | 222 | 189 |
| NYLIM Epoch International Choice Fund Class I | 34,163 | 1,414 | (178) | 13 | 6,677 | 42,089 | 704 | — | 749 |
| NYLIM Epoch U.S. Equity Yield Fund Class R6 | 48,101 | 2,852 | (20,613) | 5,849 | (1,051) | 35,138 | 612 | 2,241 | 1,336 |
| NYLIM Fiera SMID Growth Fund Class R6 | 47,433 | 2,101 | (35,435) | 2,917 | (3,761) | 13,255 | — | 1,164 | 734 |
| NYLIM Floating Rate Fund Class R6 | 42,443 | 7,568 | (3,518) | (195) | (921) | 45,377 | 2,245 | — | 5,327 |
| NYLIM FTSE International Equity Currency Neutral ETF | 17,345 | — | (877) | 414 | 2,402 | 19,284 | 551 | — | 516 |
| NYLIM Investment Grade CLO ETF | — | 4,532 | — | — | (7) | 4,525 | 27 | — | 180 |
| NYLIM MacKay Core Plus Bond ETF | 7,122 | 2,494 | (461) | (7) | (312) | 8,836 | 365 | — | 429 |
| NYLIM MacKay High Income ETF | 12,753 | 11,580 | (1,242) | (26) | (672) | 22,393 | 1,057 | 132 | 874 |
| NYLIM MacKay High Yield Corporate Bond Fund Class R6 | 12,732 | 11,816 | (1,502) | (23) | (452) | 22,571 | 943 | — | 4,431 |
| NYLIM MacKay Securitized Income ETF | 5,537 | 2,019 | (391) | (5) | (308) | 6,852 | 279 | 47 | 275 |
| NYLIM MacKay Total Return Bond Fund Class R6 | 7,138 | 2,593 | (576) | (4) | (285) | 8,866 | 305 | — | 987 |
| NYLIM MacKay U.S. Infrastructure Bond Fund Class R6 | 5,526 | 2,005 | (447) | (1) | (198) | 6,885 | 218 | — | 917 |
| NYLIM PineStone International Equity Fund Class R6 | 23,105 | 501 | (19,698) | 3,795 | (3,363) | 4,340 | 211 | 80 | 232 |
| NYLIM PineStone U.S. Equity Fund Class R6 | 47,200 | 577 | (33,987) | 5,923 | (5,984) | 13,729 | 234 | 342 | 657 |
| NYLIM S&P 500 Index Fund Class I | — | 41,277 | (345) | 16 | 4,045 | 44,993 | — | — | 550 |
| NYLIM U.S. Government Liquidity Fund | 89,999 | 167,400 | (172,708) | — | — | 84,691 | 2,314 | — | 84,691 |
| NYLIM U.S. Large Cap R&D Leaders ETF | — | 75,501 | (4,906) | (79) | 6,335 | 76,851 | 108 | — | 1,708 |
| NYLIM Winslow Large Cap Growth ETF | 50,586 | 4,976 | (24,177) | 1,241 | (3,517) | 29,109 | 1 | — | 533 |
| NYLIM WMC Enduring Capital Fund Class R6 | 45,236 | 1,892 | (33,730) | 3,621 | (3,320) | 13,699 | 299 | 1,593 | 356 |
| NYLIM WMC Growth Fund Class R6 | 49,479 | 11,457 | (6,902) | (123) | (3,346) | 50,565 | — | 1,670 | 893 |
| NYLIM WMC International Research Equity Fund Class I | 34,858 | 4,971 | (7,812) | 1,015 | 4,120 | 37,152 | 982 | — | 3,164 |
| NYLIM WMC Small Companies Fund Class I | 46,260 | 84 | (12,964) | 3,630 | 10,792 | 47,802 | 84 | — | 1,263 |
| NYLIM WMC Value Fund Class R6 | 47,700 | 3,241 | (18,353) | 2,643 | 1,633 | 36,864 | 710 | 2,530 | 964 |
| $852,981 | $410,701 | $(435,383) | $37,253 | $26,208 | $891,760 | $14,722 | $11,272 |
| Swap Counterparty | Reference Obligation | Floating Rate2 | Termination Date(s) | Payment Frequency Paid/ Received | Notional Amount Long/ (Short) (000)3 | Unrealized Appreciation/ (Depreciation)4 |
| Citibank NA | Invesco S&P 500 Low Volatility ETF | 1 day FEDF minus 2.00% | 12/1/26 | Daily | (13,245) | $ — |
| Citibank NA | iShares 20+ Year Treasury Bond ETF | 1 day FEDF plus 0.40% | 12/1/26 | Daily | 19,855 | — |
| Citibank NA | iShares MSCI Emerging Markets ETF | 1 day FEDF plus 0.55% | 12/1/26 | Daily | 4,613 | — |
| Citibank NA | iShares MSCI Emerging Markets ex China ETF | 1 day FEDF plus 0.40% | 12/1/26 | Daily | 4,028 | — |
| JPMorgan Chase Bank NA | Russell 2000 Total Return Index | 1 day FEDF plus 0.42% | 4/8/27 | Daily | 6,451 | — |
| Citibank NA | S&P 500 Energy Sector Total Return Index | 1 day FEDF plus 0.85% | 12/1/26 | Daily | 6,000 | — |
| Citibank NA | S&P 500 Financials Sector Total Return Index | 1 day FEDF plus 1.05% | 12/1/26 | Daily | 8,031 | — |
| Citibank NA | S&P 500 Total Return Index | 1 day FEDF plus 0.95% | 12/1/26 | Daily | 29,872 | — |
| Citibank NA | S&P Midcap 400 Total Return Index | 1 day FEDF plus 0.85% | 12/1/26 | Daily | 18,022 | — |
| $ — |
| 1. | As of July 31, 2026, cash in the amount of $4,311,850 was pledged to brokers for OTC swap contracts. |
| 2. | Fund receives on long positions or pays on short positions the floating rate total return of the reference entity. |
| 3. | Notional amounts reflected as a positive value indicate a long position held by the Fund or Index and a negative value indicates a short position. |
| 4. | Reflects the value at reset date as of July 31, 2026. |
| Abbreviation(s): |
| CLO—Collateralized Loan Obligation |
| ETF—Exchange-Traded Fund |
| FEDF—Federal Funds Rate |
| FTSE—Financial Times Stock Exchange |
| MSCI—Morgan Stanley Capital International |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Affiliated Investment Companies | |||||||
| Equity Funds | $ 680,764,080 | $ — | $ — | $ 680,764,080 | |||
| Fixed Income Funds | 126,305,018 | — | — | 126,305,018 | |||
| Total Affiliated Investment Companies | 807,069,098 | — | — | 807,069,098 | |||
| Short-Term Investment | |||||||
| Affiliated Investment Company | 84,691,396 | — | — | 84,691,396 | |||
| Total Investments in Securities | 891,760,494 | — | — | 891,760,494 | |||
| Other Financial Instruments | |||||||
| OTC Total Return Equity Swap Contracts (b) | — | — | — | — | |||
| Total Investments in Securities and Other Financial Instruments | $ 891,760,494 | $ — | $ — | $ 891,760,494 |
| (a) | For a complete listing of investments, see the Portfolio of Investments. |
| (b) | The value listed for these securities reflects unrealized appreciation (depreciation) as shown on the Portfolio of Investments. |
| Principal Amount | Value | |
| Municipal Bonds 99.1% | ||
| Long-Term Municipal Bonds 97.8% | ||
| Education 8.5% | ||
| Arizona Board of Regents, Arizona State University SPEED, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 3.125%, due 8/1/39 | $ 1,000,000 | $ 877,042 |
| Series B | ||
| 5.00%, due 8/1/46 | 1,230,000 | 1,290,289 |
| Arizona Industrial Development Authority, Academies of Math & Science Projects, Revenue Bonds (a) | ||
| Series A | ||
| 5.00%, due 7/1/36 | 475,000 | 481,824 |
| Series A | ||
| 5.25%, due 7/1/46 | 750,000 | 739,855 |
| Arizona Industrial Development Authority, Equitable School Revolving Fund LLC, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 11/1/38 | 1,065,000 | 1,035,158 |
| Series A | ||
| 5.00%, due 11/1/28 | 1,000,000 | 1,033,978 |
| Arizona Industrial Development Authority, Odyssey Preparatory Academy, Inc. (The), Revenue Bonds | ||
| 5.00%, due 7/1/49 (a) | 175,000 | 145,836 |
| Arizona Industrial Development Authority, Somerset Academy of Las Vegas Lone Mountain Campus, Revenue Bonds | ||
| Series A | ||
| 3.75%, due 12/15/29 (a) | 290,000 | 285,959 |
| Glendale Industrial Development Authority, Midwestern University Foundation, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/46 (b) | 1,500,000 | 1,434,703 |
| Industrial Development Authority of the City of Phoenix Arizona (The), Great Hearts Academies Projects, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/36 | 1,010,000 | 1,011,626 |
| Maricopa County Industrial Development Authority, Legacy Traditional School Project, Revenue Bonds | ||
| Insured: SD CRED PROG | ||
| 4.00%, due 7/1/33 | 700,000 | 697,525 |
| Student & Academic Services LLC, Northern Arizona Capital Facilities Finance Corp., Revenue Bonds | ||
| Insured: BAM | ||
| 5.00%, due 6/1/43 | 2,050,000 | 2,149,240 |
| 11,183,035 | ||
| General 2.0% | ||
| Buckeye Jackrabbit Trail Sanitary Sewer Improvement District, Special Assessment | ||
| 6.25%, due 1/1/29 | 74,000 | 74,882 |
| City of Goodyear, McDowell Road Commercial Corridor Improvement District, Special Assessment | ||
| Insured: BAM | ||
| 3.25%, due 1/1/27 | 670,000 | 671,320 |
| City of Tempe, Pier at Town Lake Improvement District, Special Assessment | ||
| 5.00%, due 1/1/29 | 770,000 | 771,295 |
| Estrella Mountain Ranch Community Facilities District, Montecito Assessment District No. 4, Special Assessment | ||
| 4.60%, due 7/1/35 | 665,000 | 660,223 |
| 5.05%, due 7/1/40 | 420,000 | 418,790 |
| 2,596,510 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| General Obligation 26.6% | ||
| Apache County School District No. 10 Round Valley, Round Valley Project of 2023, Unlimited General Obligation | ||
| Series B | ||
| 5.00%, due 7/1/29 | $ 350,000 | $ 366,091 |
| Series B | ||
| 5.00%, due 7/1/30 | 275,000 | 290,304 |
| Series B | ||
| 5.00%, due 7/1/31 | 275,000 | 292,542 |
| Series B | ||
| 5.00%, due 7/1/32 | 250,000 | 266,970 |
| Series B | ||
| 5.00%, due 7/1/33 | 250,000 | 268,883 |
| City of Buckeye, Unlimited General Obligation | ||
| 5.00%, due 7/1/38 | 1,000,000 | 1,101,113 |
| 5.00%, due 7/1/41 | 1,085,000 | 1,172,926 |
| City of Glendale, Unlimited General Obligation | ||
| 5.00%, due 7/1/41 | 1,250,000 | 1,348,253 |
| City of Goodyear, Unlimited General Obligation | ||
| 3.00%, due 7/1/40 | 1,000,000 | 847,208 |
| City of Lake Havasu City, Wastewater System, Limited General Obligation, Senior Lien | ||
| 5.00%, due 7/1/42 | 1,000,000 | 1,076,787 |
| City of Mesa, Unlimited General Obligation | ||
| 5.00%, due 7/1/43 | 1,500,000 | 1,600,517 |
| City of Peoria, Unlimited General Obligation | ||
| 2.00%, due 7/15/36 | 3,235,000 | 2,615,481 |
| 2.00%, due 7/15/39 | 2,000,000 | 1,476,788 |
| City of Tempe, Unlimited General Obligation | ||
| Series A | ||
| 5.00%, due 7/1/32 | 750,000 | 829,826 |
| Series A | ||
| 5.00%, due 7/1/35 | 1,750,000 | 1,979,480 |
| 5.00%, due 7/1/44 | 1,750,000 | 1,862,942 |
| Series A | ||
| 5.00%, due 7/1/45 | 1,500,000 | 1,605,443 |
| Coconino County Unified School District No. 1 Flagstaff, Project of 2022, Unlimited General Obligation | ||
| Series C | ||
| 5.00%, due 7/1/38 | 1,185,000 | 1,304,617 |
| Commonwealth of Puerto Rico | ||
| (zero coupon), due 11/1/43 | 1,238,143 | 883,724 |
| (zero coupon), due 11/1/51 | 948,823 | 693,827 |
| Commonwealth of Puerto Rico, Unlimited General Obligation | ||
| Series A-1 | ||
| 5.625%, due 7/1/27 | 249,335 | 254,315 |
| Estrella Mountain Ranch Community Facilities District, Unlimited General Obligation | ||
| Insured: AG | ||
| 5.00%, due 7/15/32 | 155,000 | 157,536 |
| Goodyear Community Facilities Utilities District No. 1, Limited General Obligation | ||
| 4.00%, due 7/15/28 | 500,000 | 500,260 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| General Obligation | ||
| Maricopa County Special Health Care District, Maricopa Integrated Health System, Unlimited General Obligation | ||
| Series C | ||
| 5.00%, due 7/1/32 | $ 1,500,000 | $ 1,551,017 |
| Series C | ||
| 5.00%, due 7/1/34 | 1,500,000 | 1,546,770 |
| Maricopa County Unified School District No. 48, Unlimited General Obligation | ||
| Series C, Insured: BAM | ||
| 3.00%, due 7/1/34 | 1,500,000 | 1,428,689 |
| Maricopa County Union High School District No. 210, Phoenix, Project of 2023, Unlimited General Obligation | ||
| Series B | ||
| 5.00%, due 7/1/32 | 1,500,000 | 1,655,379 |
| Maricopa County Union High School District No. 216, Agua Fria, Project of 2023 and 2024, Unlimited General Obligation | ||
| 5.00%, due 7/1/44 | 1,000,000 | 1,063,842 |
| Mystic Lake Pleasant Heights Community Facilities District, Unlimited General Obligation | ||
| Insured: BAM | ||
| 3.00%, due 7/15/28 | 200,000 | 199,471 |
| Pima County Unified School District No. 1, Tucson, Unlimited General Obligation | ||
| Series A, Insured: AG | ||
| 5.00%, due 7/1/42 | 1,100,000 | 1,172,395 |
| Pima County Unified School District No. 1, Tucson Project of 2023, Unlimited General Obligation | ||
| Series B | ||
| 5.00%, due 7/1/34 | 1,000,000 | 1,118,124 |
| Series B | ||
| 5.00%, due 7/1/35 | 1,100,000 | 1,237,911 |
| Series B | ||
| 5.00%, due 7/1/38 | 1,100,000 | 1,206,839 |
| 34,976,270 | ||
| Hospital 7.6% | ||
| Arizona Industrial Development Authority, Phoenix Children's Hospital, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 3.00%, due 2/1/45 | 1,000,000 | 801,506 |
| Industrial Development Authority of the City of Phoenix Arizona (The), Mayo/Brooks Rehabilitation Facility, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/31/44 | 2,000,000 | 2,095,742 |
| Maricopa County Industrial Development Authority, Banner Health, Revenue Bonds | ||
| Series F | ||
| 4.00%, due 1/1/45 | 750,000 | 689,898 |
| Series A | ||
| 5.00%, due 1/1/32 | 1,520,000 | 1,533,467 |
| Series A | ||
| 5.00%, due 1/1/34 | 2,000,000 | 2,191,641 |
| Maricopa County Industrial Development Authority, HonorHealth Obligated Group, Revenue Bonds | ||
| Series D | ||
| 5.00%, due 12/1/45 | 1,000,000 | 1,032,285 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Hospital | ||
| Yuma Industrial Development Authority, Regional Medical Center, Revenue Bonds | ||
| Series A, Insured: AG-CR | ||
| 5.00%, due 8/1/39 | $ 1,530,000 | $ 1,627,215 |
| 9,971,754 | ||
| Other Revenue 45.1% | ||
| Arizona Industrial Development Authority, Revenue Bonds | ||
| Insured: FNMA | ||
| 2.12%, due 7/1/37 | 4,516,706 | 3,573,249 |
| Series 2, Class A | ||
| 3.625%, due 5/20/33 | 424,464 | 420,163 |
| Arizona Industrial Development Authority, Copper World LLC Project, Revenue Bonds | ||
| Series A | ||
| 4.50%, due 7/1/46 (a)(b)(c) | 1,000,000 | 997,516 |
| Arizona Industrial Development Authority, Ironwood Ranch Apartments LP, Revenue Bonds | ||
| 5.00%, due 2/1/58 (c) | 2,000,000 | 2,002,788 |
| Arizona Industrial Development Authority, Senior Living Project, Revenue Bonds, Second Tier | ||
| Series B | ||
| 5.125%, due 1/1/59 | 3,163,712 | 2,436,650 |
| Arizona Industrial Development Authority, Single Family Mortgage, Revenue Bonds | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 4.70%, due 10/1/40 | 1,000,000 | 1,005,202 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 10/1/55 | 1,000,000 | 1,090,428 |
| Black Belt Energy Gas District, Gas Project, Revenue Bonds | ||
| Series E | ||
| 5.00%, due 7/1/29 | 1,250,000 | 1,290,275 |
| Chandler Industrial Development Authority, Intel Corp. Project, Revenue Bonds (b)(c) | ||
| 4.00%, due 6/1/49 | 2,205,000 | 2,222,659 |
| Series 2 | ||
| 5.00%, due 9/1/52 | 2,000,000 | 2,019,239 |
| City of Cottonwood, Pledged, Revenue Bonds | ||
| Insured: AG | ||
| 5.00%, due 7/1/30 | 500,000 | 500,680 |
| City of Mesa, Utility System, Revenue Bonds, Junior Lien | ||
| Series C | ||
| 5.00%, due 7/1/36 | 1,000,000 | 1,122,013 |
| City of Phoenix Civic Improvement Corp., Airport, Revenue Bonds, Senior Lien | ||
| 5.00%, due 7/1/35 (b) | 1,000,000 | 1,024,488 |
| City of Yuma, Pledged, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/42 | 1,000,000 | 1,069,811 |
| County of Pinal, Revenue Bonds | ||
| Insured: BAM | ||
| 5.00%, due 8/1/43 | 1,000,000 | 1,069,118 |
| Energy Southeast, A Cooperative District Energy Supply, Revenue Bonds | ||
| Series A-1 | ||
| 5.50%, due 11/1/53 (c) | 950,000 | 1,003,752 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| GDB Debt Recovery Authority of Puerto Rico, Revenue Bonds | ||
| 7.50%, due 8/20/40 | $ 187,455 | $ 185,302 |
| Industrial Development Authority of the City of Phoenix Arizona (The), Broadway Farms at Hurley Station Phase I Project, Revenue Bonds | ||
| 3.10%, due 2/1/59 (c) | 2,500,000 | 2,498,413 |
| Industrial Development Authority of the City of Phoenix Arizona (The), Broadway Farms at Hurley Station Phase II Project, Revenue Bonds | ||
| 3.00%, due 2/1/60 (c) | 1,770,000 | 1,754,599 |
| Industrial Development Authority of the County of Pima (The), Revenue Bonds | ||
| Series D-1, Insured: GNMA | ||
| 5.50%, due 7/1/55 | 1,900,000 | 2,030,084 |
| Maricopa County & Phoenix Industrial Development Authorities, Revenue Bonds | ||
| Series B, Insured: GNMA | ||
| 6.00%, due 9/1/56 | 985,000 | 1,079,383 |
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 3/1/55 | 1,820,000 | 2,001,496 |
| Series A, Insured: GNMA | ||
| 6.50%, due 3/1/55 | 955,000 | 1,053,220 |
| Maricopa County & Phoenix Industrial Development Authorities, Single Family Mortgage, Revenue Bonds | ||
| Series A, Insured: GNMA | ||
| 5.75%, due 3/1/56 | 1,475,000 | 1,594,516 |
| Maricopa County Industrial Development Authority, Verrado Marketplace Project, Revenue Bonds | ||
| 4.375%, due 5/1/33 (a) | 1,370,000 | 1,333,910 |
| Maricopa County Pollution Control Corp., El Paso Electric Co. Palo Verde Project, Revenue Bonds | ||
| Series A | ||
| 4.50%, due 8/1/42 | 1,000,000 | 959,402 |
| Matching Fund Special Purpose Securitization Corp., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/39 | 1,600,000 | 1,643,100 |
| New Hampshire Business Finance Authority, Revenue Bonds | ||
| Series 2, Class A-1 | ||
| 4.22%, due 11/20/42 (c) | 1,336,709 | 1,268,556 |
| Pinal County Industrial Development Authority, WOF SW GGP 1 LLC, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 10/1/33 (a)(b)(d) | 1,500,000 | 1,572,147 |
| Puerto Rico Sales Tax Financing Corp., Revenue Bonds | ||
| Series A-2 | ||
| 4.329%, due 7/1/40 | 1,248,000 | 1,219,924 |
| Puerto Rico Sales Tax Financing Corp., Restructured, Revenue Bonds | ||
| Series A-1 | ||
| 4.55%, due 7/1/40 | 547,000 | 542,048 |
| Salt River Project Agricultural Improvement & Power District, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/44 | 2,000,000 | 2,137,185 |
| Salt Verde Financial Corp., Revenue Bonds | ||
| Series 1 | ||
| 5.25%, due 12/1/28 | 3,000,000 | 3,109,124 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| State of Arizona, State of Arizona Department of Revenue, Revenue Bonds | ||
| Series B, Insured: BHAC-CR | ||
| 5.50%, due 7/1/27 | $ 2,000,000 | $ 2,051,908 |
| Tempe Industrial Development Authority, Friendship Village of Tempe Project, Revenue Bonds | ||
| Series B-2 | ||
| 3.50%, due 12/1/30 | 1,000,000 | 989,206 |
| Territory of Guam, Revenue Bonds | ||
| Series G | ||
| 5.00%, due 1/1/31 | 1,000,000 | 1,052,898 |
| Territory of Guam, Business Privilege Tax, Revenue Bonds | ||
| Series F | ||
| 4.00%, due 1/1/36 | 800,000 | 787,778 |
| Texas Municipal Gas Acquisition & Supply Corp. IV, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 1/1/54 (c) | 2,350,000 | 2,466,302 |
| Tucson Industrial Development Authority, Revenue Bonds | ||
| Series A-1, Insured: GNMA | ||
| 5.50%, due 1/1/56 | 1,980,000 | 2,121,680 |
| Tucson Industrial Development Authority, Lariat Village Project, Revenue Bonds | ||
| Series B | ||
| 3.05%, due 10/1/44 (c) | 1,000,000 | 997,005 |
| 59,297,217 | ||
| Transportation 0.1% | ||
| Antonio B Won Pat International Airport Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/34 (b) | 100,000 | 105,651 |
| Utility 2.4% | ||
| Maricopa County Pollution Control Corp., El Paso Electric Co. Project, Revenue Bonds | ||
| Series A | ||
| 3.60%, due 2/1/40 | 3,465,000 | 3,129,893 |
| Water & Sewer 5.5% | ||
| City of Bullhead, Water and Wastewater System, Revenue Bonds | ||
| 5.00%, due 7/1/27 | 250,000 | 253,920 |
| 5.00%, due 7/1/29 | 170,000 | 176,781 |
| 5.00%, due 7/1/31 | 175,000 | 184,730 |
| 5.00%, due 7/1/33 | 160,000 | 170,090 |
| 5.00%, due 7/1/35 | 245,000 | 261,519 |
| 5.00%, due 7/1/41 | 625,000 | 641,827 |
| 5.00%, due 7/1/46 | 500,000 | 500,716 |
| 5.25%, due 7/1/51 | 825,000 | 829,929 |
| City of Glendale, Water & Sewer, Revenue Bonds, Senior Lien | ||
| 5.00%, due 7/1/38 | 875,000 | 961,379 |
| 5.00%, due 7/1/41 | 1,480,000 | 1,596,469 |
| Principal Amount | Value | ||
| Long-Term Municipal Bonds | |||
| Water & Sewer | |||
| City of Goodyear, Water & Sewer, Revenue Bonds, Sub. Lien | |||
| Insured: AG | |||
| 5.00%, due 7/1/42 | $ 1,500,000 | $ 1,592,038 | |
| 7,169,398 | |||
| Total Long-Term Municipal Bonds (Cost $127,886,009) | 128,429,728 | ||
| Short-Term Municipal Notes 1.3% | |||
| Hospital 1.3% | |||
| Arizona Health Facilities Authority, Banner Health, Revenue Bonds | |||
| Series C | |||
| 3.05%, due 1/1/46 (e) | 500,000 | 500,000 | |
| Industrial Development Authority of the City of Phoenix Arizona (The), Mayo Clinic, Revenue Bonds | |||
| Series B | |||
| 2.85%, due 11/15/52 (e) | 1,300,000 | 1,300,000 | |
| 1,800,000 | |||
| Total Short-Term Municipal Notes (Cost $1,800,000) | 1,800,000 | ||
| Total Municipal Bonds (Cost $129,686,009) | 130,229,728 | ||
| Shares | |||
| Short-Term Investment 1.0% | |||
| Unaffiliated Investment Company 1.0% | |||
| BNY Dreyfus Government Cash Management - Institutional Shares, 3.552% (f) | 1,279,347 | 1,279,347 | |
| Total Short-Term Investment (Cost $1,279,347) | 1,279,347 | ||
| Total Investments (Cost $130,965,356) | 100.1% | 131,509,075 | |
| Other Assets, Less Liabilities | (0.1) | (188,850) | |
| Net Assets | 100.0% | $ 131,320,225 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| (a) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (b) | Interest on these securities is subject to alternative minimum tax. |
| (c) | Coupon rate may change based on changes of the underlying collateral or prepayments of principal. Rate shown was the rate in effect as of July 31, 2026. |
| (d) | Step coupon—Rate shown was the rate in effect as of July 31, 2026. |
| (e) | Variable-rate demand notes (VRDNs)—Provide the right to sell the security at face value on either that day or within the rate-reset period. VRDNs will normally trade as if the maturity is the earlier put date, even though stated maturity is longer. The interest rate is reset on the put date at a stipulated daily, weekly, monthly, quarterly, or other specified time interval to reflect current market conditions. These securities do not indicate a reference rate and spread in their description. The maturity date shown is the final maturity. |
| (f) | Current yield as of July 31, 2026. |
| Type | Number of Contracts | Expiration Date | Value at Trade Date | Current Notional Amount | Unrealized Appreciation (Depreciation)2 |
| Short Contracts | |||||
| U.S. Treasury Long Bonds | (35) | September 2026 | $ (3,871,705) | $ (3,790,938) | $ 80,767 |
| 1. | As of July 31, 2026, cash in the amount of $129,500 was on deposit with a broker or futures commission merchant for futures transactions. |
| 2. | Represents the difference between the value of the contracts at the time they were opened and the value as of July 31, 2026. |
| Abbreviation(s): |
| AG—Assured Guaranty Ltd. |
| BAM—Build America Mutual Assurance Co. |
| BHAC—Berkshire Hathaway Assurance Corp. |
| CR—Custodial Receipts |
| FHLMC—Federal Home Loan Mortgage Corp. |
| FNMA—Federal National Mortgage Association |
| GNMA—Government National Mortgage Association |
| SD CRED PROG—School District Credit Enhancement Program |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Municipal Bonds | |||||||
| Long-Term Municipal Bonds | $ — | $ 128,429,728 | $ — | $ 128,429,728 | |||
| Short-Term Municipal Notes | — | 1,800,000 | — | 1,800,000 | |||
| Total Municipal Bonds | — | 130,229,728 | — | 130,229,728 | |||
| Short-Term Investment | |||||||
| Unaffiliated Investment Company | 1,279,347 | — | — | 1,279,347 | |||
| Total Investments in Securities | 1,279,347 | 130,229,728 | — | 131,509,075 | |||
| Other Financial Instruments | |||||||
| Futures Contracts (b) | 80,767 | — | — | 80,767 | |||
| Total Investments in Securities and Other Financial Instruments | $ 1,360,114 | $ 130,229,728 | $ — | $ 131,589,842 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| (b) | The value listed for these securities reflects unrealized appreciation (depreciation) as shown on the Portfolio of Investments. |
| Principal Amount | Value | |
| Municipal Bonds 99.4% | ||
| Long-Term Municipal Bonds 97.6% | ||
| Certificate of Participation/Lease 0.9% | ||
| California Municipal Finance Authority, Palomar Health Obligated Group | ||
| Series A, Insured: AG | ||
| 5.25%, due 11/1/52 | $ 6,380,000 | $ 6,356,294 |
| Moulton-Niguel Water District Public Facilities Corp. | ||
| 5.00%, due 9/1/53 | 5,340,000 | 5,634,683 |
| 11,990,977 | ||
| Education 7.8% | ||
| California Educational Facilities Authority, Stanford University, Revenue Bonds | ||
| Series V-1 | ||
| 5.00%, due 5/1/49 | 10,000,000 | 11,180,945 |
| California Educational Facilities Authority, University of Southern California, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/55 | 1,900,000 | 1,987,772 |
| California Enterprise Development Authority, Campbell Hall Episcopal Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 8/1/40 | 3,500,000 | 3,403,096 |
| California Infrastructure & Economic Development Bank, WFCS Portfolio Projects, Revenue Bonds | ||
| Series A-1 | ||
| 5.00%, due 1/1/55 (a) | 2,540,000 | 2,175,564 |
| California Municipal Finance Authority, California Baptist University, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/1/35 (a) | 1,250,000 | 1,297,170 |
| California Municipal Finance Authority, Charter School, King Chavez Academy, Revenue Bonds (a) | ||
| Series A | ||
| 5.00%, due 5/1/36 | 1,020,000 | 986,453 |
| Series A | ||
| 5.00%, due 5/1/46 | 1,325,000 | 1,253,950 |
| California School Finance Authority, Aspire Public Schools Obligated Group, Revenue Bonds (a) | ||
| 5.00%, due 8/1/27 | 475,000 | 475,167 |
| 5.00%, due 8/1/28 | 650,000 | 650,364 |
| 5.00%, due 8/1/46 | 4,120,000 | 3,930,532 |
| California School Finance Authority, Classical Academies Project, Revenue Bonds (a) | ||
| Series A | ||
| 5.00%, due 10/1/37 | 1,485,000 | 1,489,606 |
| Series A | ||
| 5.00%, due 10/1/50 | 3,000,000 | 2,790,200 |
| California School Finance Authority, Grimmway Schools Obligated Group, Revenue Bonds (a) | ||
| Series A | ||
| 4.25%, due 7/1/28 | 450,000 | 450,069 |
| Series A | ||
| 5.00%, due 7/1/46 | 750,000 | 736,889 |
| California School Finance Authority, High Tech High Learning Project, Revenue Bonds (a) | ||
| Series A | ||
| 5.00%, due 7/1/37 | 500,000 | 501,296 |
| Series A | ||
| 5.00%, due 7/1/49 | 500,000 | 478,600 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Education | ||
| California School Finance Authority, Partnerships to Uplift Communities, Revenue Bonds | ||
| 5.50%, due 8/1/47 (a) | $ 525,000 | $ 496,297 |
| California School Finance Authority, Rex & Margaret Fortune School of Education, Revenue Bonds (a) | ||
| Series A | ||
| 5.00%, due 6/1/54 | 1,350,000 | 1,075,154 |
| Series A | ||
| 5.125%, due 6/1/59 | 1,500,000 | 1,193,662 |
| California School Finance Authority, Teach Public Schools, Revenue Bonds (a) | ||
| Series A | ||
| 5.00%, due 6/1/39 | 740,000 | 733,679 |
| Series A | ||
| 5.00%, due 6/1/58 | 600,000 | 535,025 |
| California State University, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/1/34 | 2,500,000 | 2,839,103 |
| Series A | ||
| 5.00%, due 11/1/42 | 2,000,000 | 2,193,988 |
| Series A | ||
| 5.00%, due 11/1/46 | 4,000,000 | 4,323,414 |
| Series A | ||
| 5.00%, due 11/1/47 | 2,825,000 | 3,030,971 |
| California State University, Systemwide, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 11/1/55 | 11,000,000 | 11,850,728 |
| University of California, Revenue Bonds | ||
| Series BE | ||
| 2.50%, due 5/15/50 | 8,000,000 | 5,263,182 |
| Series BS | ||
| 5.00%, due 5/15/37 | 8,150,000 | 9,000,129 |
| Series CF | ||
| 5.00%, due 11/15/45 | 1,650,000 | 1,778,508 |
| Series CD | ||
| 5.25%, due 5/15/40 | 3,685,000 | 4,266,248 |
| Series CF | ||
| 5.25%, due 11/15/41 | 13,000,000 | 14,478,428 |
| Series CD | ||
| 5.50%, due 5/15/40 | 4,000,000 | 4,550,514 |
| 101,396,703 | ||
| General 2.2% | ||
| California Municipal Finance Authority, Special Tax | ||
| Series B | ||
| 4.00%, due 9/1/43 | 1,070,000 | 989,284 |
| Series D-2 | ||
| 5.00%, due 9/1/55 | 2,000,000 | 1,925,331 |
| Series B | ||
| 5.125%, due 9/1/55 | 1,725,000 | 1,735,519 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| General | ||
| California Statewide Communities Development Authority, Special Assessment | ||
| Series A | ||
| 4.00%, due 9/2/50 | $ 1,000,000 | $ 831,735 |
| California Statewide Communities Development Authority, Community Facilities District No. 2021-02, Special Tax | ||
| 5.00%, due 9/1/53 | 1,000,000 | 984,151 |
| California Statewide Communities Development Authority, Statewide Community Infrastructure Program, Special Assessment | ||
| Series R-1, Insured: AG | ||
| 5.00%, due 9/2/41 | 845,000 | 907,716 |
| Series R-1, Insured: AG | ||
| 5.00%, due 9/2/43 | 445,000 | 475,341 |
| Series R-1, Insured: AG | ||
| 5.00%, due 9/2/44 | 500,000 | 532,418 |
| Series D | ||
| 5.50%, due 9/2/53 | 1,000,000 | 1,016,444 |
| City of Irvine, Community Facilities District No. 2013-3 Improvement Area No. 8, Special Tax | ||
| Insured: BAM | ||
| (zero coupon), due 9/1/53 | 1,000,000 | 265,875 |
| Insured: BAM | ||
| (zero coupon), due 9/1/55 | 1,000,000 | 237,317 |
| Insured: BAM | ||
| (zero coupon), due 9/1/57 | 1,350,000 | 287,338 |
| Insured: BAM | ||
| 5.00%, due 9/1/51 | 1,750,000 | 1,838,373 |
| City of Roseville, Ranch at Sierra Vista Community Facilities District No. 1, Special Tax | ||
| 4.00%, due 9/1/40 | 1,000,000 | 946,191 |
| City of South San Francisco, Community Facilities District No. 2021-01, Special Tax | ||
| 5.25%, due 9/1/55 | 1,500,000 | 1,521,396 |
| Folsom Ranch Financing Authority, Community Facilities District No. 19, Special Tax | ||
| 5.00%, due 9/1/39 | 1,130,000 | 1,147,117 |
| Folsom Ranch Financing Authority, Community Facilities District No. 23, Special Tax | ||
| 4.00%, due 9/1/40 | 1,245,000 | 1,155,885 |
| Mountain View Shoreline Regional Park Community, Tax Allocation | ||
| Series A, Insured: AG | ||
| 5.00%, due 8/1/36 | 1,645,000 | 1,696,032 |
| Orange County Community Facilities District, Community Facilities District No. 2025-1 Improvement Area 1, Special Tax | ||
| Series A | ||
| 5.00%, due 8/15/56 | 2,500,000 | 2,503,016 |
| River Islands Public Financing Authority, Community Facilities District No. 2023-1 Improvement Area No. 3, Special Tax | ||
| 4.75%, due 9/1/45 | 2,000,000 | 1,932,190 |
| Romoland School District, Community Facilities District No. 2017-1 Improvement Area 2, Special Tax | ||
| 5.00%, due 9/1/54 | 1,600,000 | 1,552,944 |
| Southern California Logistics Airport Authority, Tax Allocation, Junior Lien | ||
| Series A, Insured: AG | ||
| 5.00%, due 12/1/41 | 1,200,000 | 1,315,744 |
| Series A, Insured: AG | ||
| 5.00%, due 12/1/42 | 1,150,000 | 1,252,938 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| General | ||
| Tracy Community Facilities District, Community Facilities District No. 2016-01 Improvement Area No. 2, Special Tax | ||
| 5.75%, due 9/1/48 | $ 1,000,000 | $ 1,045,809 |
| 28,096,104 | ||
| General Obligation 25.6% | ||
| Alameda Unified School District-Alameda County, Unlimited General Obligation | ||
| Series 2 | ||
| 5.00%, due 8/1/39 | 3,000,000 | 3,349,534 |
| Alhambra Unified School District, Unlimited General Obligation | ||
| Series B | ||
| 5.25%, due 8/1/48 | 3,000,000 | 3,178,142 |
| Alum Rock Union Elementary School District, Unlimited General Obligation | ||
| Series B, Insured: BAM | ||
| 5.00%, due 8/1/26 | 3,095,000 | 3,095,000 |
| Series B, Insured: BAM | ||
| 5.00%, due 8/1/28 | 2,360,000 | 2,474,935 |
| Series B, Insured: BAM | ||
| 5.00%, due 8/1/31 | 2,240,000 | 2,463,961 |
| Series A, Insured: BAM | ||
| 5.00%, due 8/1/38 | 1,220,000 | 1,358,400 |
| Cerritos Community College District, Election of 2022, Unlimited General Obligation | ||
| Series B | ||
| 5.00%, due 8/1/56 | 12,800,000 | 13,517,080 |
| Chaffey Community College District, Election of 2018, Unlimited General Obligation | ||
| Series B-1 | ||
| 5.50%, due 6/1/49 | 7,000,000 | 7,644,167 |
| City of Berkeley, Unlimited General Obligation | ||
| 2.00%, due 9/1/39 | 1,560,000 | 1,139,873 |
| 2.00%, due 9/1/40 | 1,590,000 | 1,126,062 |
| City of Oakland, Measure KK, Unlimited General Obligation | ||
| Series B-1, Insured: BAM | ||
| 3.00%, due 1/15/50 | 2,770,000 | 2,017,273 |
| Clovis Unified School District, Election of 2020, Unlimited General Obligation | ||
| Series B | ||
| 5.25%, due 8/1/42 | 1,000,000 | 1,057,899 |
| Commonwealth of Puerto Rico | ||
| (zero coupon), due 11/1/43 | 4,206,600 | 3,002,461 |
| (zero coupon), due 11/1/51 | 5,888,558 | 4,306,008 |
| (zero coupon), due 11/1/51 | 4,355,517 | 2,324,757 |
| (zero coupon), due 11/1/51 | 6,679,240 | 4,399,950 |
| Commonwealth of Puerto Rico, Unlimited General Obligation | ||
| Series A-1 | ||
| 4.00%, due 7/1/33 | 10,000,000 | 10,006,967 |
| Series A-1 | ||
| 4.00%, due 7/1/35 | 3,350,000 | 3,322,871 |
| Series A-1 | ||
| 5.625%, due 7/1/27 | 3,989,348 | 4,069,029 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| General Obligation | ||
| Commonwealth of Puerto Rico, Unlimited General Obligation | ||
| Series A-1 | ||
| 5.625%, due 7/1/29 | $ 2,000,000 | $ 2,112,347 |
| Series A-1 | ||
| 5.75%, due 7/1/31 | 1,800,000 | 1,943,359 |
| Cupertino Union School District, Unlimited General Obligation | ||
| Series B | ||
| 5.00%, due 8/1/39 | 4,405,000 | 4,995,744 |
| Series B | ||
| 5.00%, due 8/1/40 | 4,000,000 | 4,547,607 |
| Cupertino Union School District, Election of 2024, Unlimited General Obligation | ||
| Series A | ||
| 5.75%, due 8/1/41 | 1,260,000 | 1,458,854 |
| Series A | ||
| 5.75%, due 8/1/45 | 1,165,000 | 1,327,361 |
| Series A | ||
| 5.75%, due 8/1/50 | 1,500,000 | 1,665,856 |
| Davis Joint Unified School District, Unlimited General Obligation | ||
| Insured: BAM | ||
| 3.00%, due 8/1/43 | 2,095,000 | 1,691,685 |
| Denair Unified School District, Election of 2007, Unlimited General Obligation | ||
| Insured: AG | ||
| (zero coupon), due 8/1/41 | 4,260,000 | 2,144,479 |
| El Monte Union High School District, Election of 2018, Unlimited General Obligation | ||
| Series D | ||
| 5.25%, due 6/1/44 | 350,000 | 385,152 |
| Series D | ||
| 5.25%, due 6/1/45 | 500,000 | 546,145 |
| Elk Grove Unified School District, Unlimited General Obligation | ||
| 2.00%, due 8/1/40 | 3,690,000 | 2,612,905 |
| Fremont Unified School District, Unlimited General Obligation | ||
| Series D | ||
| 2.00%, due 8/1/35 | 3,500,000 | 2,878,791 |
| Fullerton Joint Union High School District, Election of 2024, Unlimited General Obligation | ||
| Series A | ||
| 4.00%, due 8/1/43 | 3,830,000 | 3,763,000 |
| Series B | ||
| 6.75%, due 8/1/39 | 2,270,000 | 2,889,621 |
| Glendale Community College District, Election of 2016, Unlimited General Obligation | ||
| Series B | ||
| 3.00%, due 8/1/47 | 4,500,000 | 3,415,757 |
| Hayward Unified School District, Election of 2024, Unlimited General Obligation | ||
| Series A, Insured: AG | ||
| 5.00%, due 8/1/41 | 845,000 | 911,411 |
| Series B, Insured: BAM | ||
| 5.00%, due 8/1/41 | 1,300,000 | 1,418,557 |
| Series B, Insured: BAM | ||
| 5.00%, due 8/1/44 | 1,750,000 | 1,887,409 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| General Obligation | ||
| Hayward Unified School District, Election of 2024, Unlimited General Obligation | ||
| Series B, Insured: BAM | ||
| 5.00%, due 8/1/46 | $ 1,875,000 | $ 2,001,094 |
| Inglewood Unified School District, Election of 2020, Unlimited General Obligation | ||
| Series B | ||
| 5.00%, due 8/1/34 | 1,000,000 | 1,123,949 |
| Series B | ||
| 5.00%, due 8/1/35 | 1,000,000 | 1,126,620 |
| Series B | ||
| 5.50%, due 8/1/39 | 2,300,000 | 2,595,308 |
| Kern Community College District, Election of 2016, Unlimited General Obligation | ||
| Series C | ||
| 3.00%, due 8/1/46 | 5,000,000 | 3,892,160 |
| Series D | ||
| 5.25%, due 8/1/38 | 2,000,000 | 2,200,525 |
| Series D | ||
| 5.25%, due 8/1/39 | 1,400,000 | 1,529,771 |
| Long Beach Community College District, Unlimited General Obligation | ||
| Series E | ||
| 5.00%, due 8/1/42 | 1,000,000 | 1,095,639 |
| Series E | ||
| 5.00%, due 8/1/43 | 2,000,000 | 2,180,695 |
| Series E | ||
| 5.00%, due 8/1/45 | 1,250,000 | 1,343,832 |
| Los Angeles Unified School District, Unlimited General Obligation | ||
| Series QRR | ||
| 5.25%, due 7/1/40 | 3,500,000 | 3,844,088 |
| Series QRR | ||
| 5.25%, due 7/1/47 | 7,500,000 | 7,951,455 |
| Series QRR | ||
| 5.25%, due 7/1/49 | 7,500,000 | 7,993,108 |
| Mt. San Antonio Community College District, Election of 2024, Unlimited General Obligation | ||
| Series A | ||
| 5.00%, due 8/1/44 | 2,000,000 | 2,183,965 |
| Series A | ||
| 5.00%, due 8/1/46 | 1,000,000 | 1,079,767 |
| Needles Unified School District, Capital Appreciation, Election of 2008, Unlimited General Obligation | ||
| Series B, Insured: AG | ||
| (zero coupon), due 8/1/45 (b) | 1,250,000 | 1,107,713 |
| Oakland Unified School District, Alameda County, Unlimited General Obligation | ||
| Series A, Insured: AG | ||
| 5.25%, due 8/1/39 | 4,470,000 | 4,887,447 |
| Series A, Insured: AG | ||
| 5.25%, due 8/1/40 | 1,600,000 | 1,743,908 |
| Series A, Insured: AG | ||
| 5.25%, due 8/1/43 | 3,000,000 | 3,225,950 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| General Obligation | ||
| Ocean View School District of Orange County, Unlimited General Obligation | ||
| Series C, Insured: AG | ||
| 3.00%, due 8/1/47 | $ 3,040,000 | $ 2,330,727 |
| Ojai Unified School District, Unlimited General Obligation | ||
| Series B, Insured: AG | ||
| 5.25%, due 8/1/48 | 1,100,000 | 1,161,224 |
| Series B, Insured: AG | ||
| 5.50%, due 8/1/53 | 1,750,000 | 1,848,807 |
| Oxnard School District, Unlimited General Obligation | ||
| (zero coupon), due 2/1/31 | 2,750,000 | 2,355,046 |
| Oxnard Union High School District, Election of 2024, Unlimited General Obligation | ||
| Series A | ||
| 5.00%, due 8/1/43 | 1,300,000 | 1,417,452 |
| Series A | ||
| 5.00%, due 8/1/44 | 1,395,000 | 1,512,246 |
| Series A | ||
| 5.00%, due 8/1/45 | 1,750,000 | 1,881,364 |
| Pacific Grove Unified School District, Election of 2024, Unlimited General Obligation | ||
| Series A | ||
| 5.00%, due 8/1/51 | 4,075,000 | 4,293,056 |
| Pajaro Valley Health Care District, Unlimited General Obligation | ||
| Series A | ||
| 5.00%, due 9/1/46 | 1,000,000 | 960,984 |
| Series A | ||
| 5.00%, due 9/1/54 | 7,960,000 | 7,425,953 |
| Palomar Community College District, Election of 2006, Unlimited General Obligation | ||
| Series B | ||
| 6.20%, due 8/1/39 (b) | 2,000,000 | 2,425,443 |
| Pasadena Unified School District, Election of 2020, Unlimited General Obligation | ||
| Series D | ||
| 5.25%, due 8/1/45 | 4,000,000 | 4,403,758 |
| Patterson Joint Unified School District, Election of 2022, Unlimited General Obligation | ||
| Series B, Insured: BAM | ||
| 5.00%, due 8/1/45 | 640,000 | 684,037 |
| Series B, Insured: BAM | ||
| 5.00%, due 8/1/46 | 740,000 | 785,760 |
| Peralta Community College District, Unlimited General Obligation | ||
| Series B | ||
| 5.50%, due 8/1/52 | 2,000,000 | 2,110,965 |
| Peralta Community College District, Election of 2018, Unlimited General Obligation | ||
| Series C-1 | ||
| 5.00%, due 8/1/54 | 8,360,000 | 8,660,089 |
| Sacramento City Unified School District, Election of 2002, Unlimited General Obligation | ||
| Insured: AG | ||
| (zero coupon), due 7/1/32 | 4,000,000 | 3,162,144 |
| Sacramento City Unified School District, Election of 2020, Unlimited General Obligation | ||
| Series C, Insured: AG | ||
| 5.00%, due 8/1/38 | 2,690,000 | 2,875,236 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| General Obligation | ||
| Sacramento City Unified School District, Election of 2024, Unlimited General Obligation | ||
| Series A, Insured: AG | ||
| 5.00%, due 8/1/42 | $ 4,535,000 | $ 4,749,643 |
| Series A, Insured: AG | ||
| 5.00%, due 8/1/43 | 2,720,000 | 2,837,138 |
| Series A, Insured: AG | ||
| 5.00%, due 8/1/44 | 3,100,000 | 3,214,988 |
| San Diego Unified School District, Unlimited General Obligation | ||
| Series R-2 | ||
| (zero coupon), due 7/1/41 (b) | 4,360,000 | 4,508,124 |
| San Diego Unified School District, Election of 2012, Unlimited General Obligation | ||
| Series ZR-7 | ||
| 5.00%, due 7/1/45 | 4,600,000 | 5,240,284 |
| San Diego Unified School District, Election of 2018, Unlimited General Obligation | ||
| Series F-2 | ||
| 5.00%, due 7/1/40 | 3,020,000 | 3,249,973 |
| San Diego Unified School District, Election of 2022, Unlimited General Obligation | ||
| Series C-3 | ||
| 5.00%, due 7/1/46 | 3,000,000 | 3,223,343 |
| Series A-3 | ||
| 5.00%, due 7/1/48 | 4,255,000 | 4,467,796 |
| San Francisco Bay Area Rapid Transit District, Election of 2016, Unlimited General Obligation | ||
| Series E-1 | ||
| 5.00%, due 8/1/35 | 4,630,000 | 5,324,805 |
| Series E-1 | ||
| 5.00%, due 8/1/36 | 2,850,000 | 3,255,773 |
| Series E-1 | ||
| 5.00%, due 8/1/41 | 2,550,000 | 2,823,552 |
| San Leandro Unified School District, Election of 2020, Unlimited General Obligation | ||
| Series B | ||
| 5.25%, due 8/1/48 | 8,675,000 | 9,163,013 |
| Sanger Unified School District, Election of 2020, Unlimited General Obligation | ||
| Series A, Insured: BAM | ||
| 3.00%, due 8/1/51 | 5,045,000 | 3,719,294 |
| Santa Barbara Community College District, Election of 2024, Unlimited General Obligation | ||
| Series A | ||
| 6.00%, due 8/1/41 | 1,200,000 | 1,416,217 |
| Series A | ||
| 6.00%, due 8/1/55 | 5,000,000 | 5,608,068 |
| Santa Barbara Unified School District, Election of 2010, Unlimited General Obligation | ||
| Series A | ||
| 7.00%, due 8/1/36 (b) | 1,000,000 | 1,241,532 |
| Southwestern Community College District, Election of 2024, Unlimited General Obligation | ||
| Series A | ||
| 5.25%, due 8/1/55 | 3,000,000 | 3,171,385 |
| State of California, Unlimited General Obligation | ||
| 5.00%, due 8/1/37 | 2,180,000 | 2,420,683 |
| 5.00%, due 10/1/43 | 3,500,000 | 3,826,606 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| General Obligation | ||
| State of California, Unlimited General Obligation | ||
| 5.00%, due 8/1/45 | $ 4,015,000 | $ 4,332,126 |
| 5.00%, due 10/1/45 | 5,800,000 | 6,285,789 |
| 5.50%, due 8/1/49 | 4,000,000 | 4,364,420 |
| 5.50%, due 8/1/54 | 250,000 | 270,817 |
| 7.30%, due 10/1/39 | 1,500,000 | 1,669,208 |
| State of California, Various Purpose, Unlimited General Obligation | ||
| 4.00%, due 10/1/36 | 1,000,000 | 1,021,926 |
| 4.00%, due 10/1/37 | 4,445,000 | 4,523,047 |
| Stockton Unified School District, Election of 2022, Unlimited General Obligation | ||
| Series A, Insured: BAM | ||
| 5.00%, due 8/1/36 | 1,405,000 | 1,602,678 |
| Ukiah Unified School District, Election of 2020, Unlimited General Obligation | ||
| Series B, Insured: AG | ||
| 5.50%, due 8/1/53 | 2,500,000 | 2,639,688 |
| Washington Township Health Care District, Unlimited General Obligation | ||
| Series B | ||
| 5.25%, due 8/1/36 | 500,000 | 551,637 |
| Series B | ||
| 5.25%, due 8/1/40 | 880,000 | 942,945 |
| Series B | ||
| 5.25%, due 8/1/48 | 500,000 | 521,695 |
| Series B | ||
| 5.50%, due 8/1/53 | 2,000,000 | 2,110,471 |
| West Contra Costa Unified School District, Unlimited General Obligation | ||
| Series D, Insured: NATL-RE | ||
| (zero coupon), due 8/1/26 | 2,850,000 | 2,850,000 |
| West Valley-Mission Community College District, Election of 2018, Unlimited General Obligation | ||
| Series C | ||
| 4.00%, due 8/1/50 | 2,750,000 | 2,604,595 |
| Series C | ||
| 5.00%, due 8/1/47 | 2,500,000 | 2,682,927 |
| 332,287,880 | ||
| Hospital 3.8% | ||
| California Health Facilities Financing Authority, Adventist Health System, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 3/1/33 | 3,780,000 | 3,779,871 |
| California Health Facilities Financing Authority, Cedars-Sinai Medical Center, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 8/15/36 | 8,980,000 | 8,979,725 |
| California Health Facilities Financing Authority, City of Hope Obligated Group, Revenue Bonds | ||
| Insured: AG-CR | ||
| 5.00%, due 11/15/34 | 2,045,000 | 2,286,531 |
| California Health Facilities Financing Authority, Providence St. Joseph Health, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 4.00%, due 10/1/47 | 4,010,000 | 3,577,554 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Hospital | ||
| California Health Facilities Financing Authority, Sutter Health, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 11/15/46 | $ 2,915,000 | $ 2,918,002 |
| California Infrastructure & Economic Development Bank, PIH Health Energy Projects, Revenue Bonds | ||
| Series B | ||
| 5.889%, due 12/1/45 (a) | 4,500,000 | 4,350,895 |
| California Municipal Finance Authority, Community Health Centers of The Central Coast, Inc., Revenue Bonds | ||
| Series A | ||
| 5.50%, due 12/1/45 | 1,500,000 | 1,565,699 |
| California Municipal Finance Authority, Gracelight Community Health, Revenue Bonds | ||
| Series A | ||
| 5.375%, due 6/1/56 | 1,900,000 | 1,845,081 |
| California Municipal Finance Authority, SAC Health System, Revenue Bonds | ||
| 5.50%, due 9/1/46 (c) | 2,825,000 | 2,963,189 |
| 6.00%, due 9/1/56 | 2,350,000 | 2,500,523 |
| California Public Finance Authority, Hoag Memorial Hospital Presbyterian, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/15/51 | 4,575,000 | 4,199,659 |
| California Public Finance Authority, PIH Health, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/32 | 1,180,000 | 1,271,719 |
| California Statewide Communities Development Authority, Adventist Health System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 3/1/35 | 600,000 | 600,310 |
| California Statewide Communities Development Authority, Enloe Medical Center Obligated Group, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 8/15/42 | 1,000,000 | 1,020,422 |
| Regents of the University of California Medical Center, Revenue Bonds | ||
| Series P | ||
| 5.00%, due 5/15/39 | 4,000,000 | 4,286,040 |
| Washington Township Health Care District, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 7/1/36 | 1,380,000 | 1,286,452 |
| Series A | ||
| 5.00%, due 7/1/41 | 400,000 | 396,516 |
| Series A | ||
| 5.00%, due 7/1/42 | 380,000 | 375,139 |
| Series A | ||
| 5.00%, due 7/1/43 | 300,000 | 295,132 |
| Series A | ||
| 5.75%, due 7/1/48 | 300,000 | 313,187 |
| 48,811,646 | ||
| Housing 0.9% | ||
| California Community College Financing Authority, Orange Coast College Project, Revenue Bonds | ||
| 5.00%, due 5/1/27 | 280,000 | 283,814 |
| 5.00%, due 5/1/28 | 250,000 | 257,681 |
| 5.00%, due 5/1/29 | 1,470,000 | 1,511,510 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Housing | ||
| California Municipal Finance Authority, CHF-Aptos LLC Cabrillo College Project, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 7/1/45 (a) | $ 2,500,000 | $ 2,515,266 |
| California School Finance Authority, Sonoma County Junior College District Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 11/1/36 (a) | 2,000,000 | 1,900,150 |
| Hastings Campus Housing Finance Authority, Green Bond, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.00%, due 7/1/61 (a) | 5,450,000 | 4,947,373 |
| 11,415,794 | ||
| Other Revenue 30.0% | ||
| California Community Choice Financing Authority, Revenue Bonds | ||
| Series G | ||
| 5.00%, due 10/1/34 | 13,735,000 | 14,532,321 |
| Series A-1 | ||
| 5.00%, due 4/1/56 (d) | 1,270,000 | 1,332,203 |
| California Community Choice Financing Authority, Clean Energy Project, Revenue Bonds | ||
| Series A-2 | ||
| 3.895%, due 4/1/56 | 6,750,000 | 6,708,146 |
| Series B-1 | ||
| 4.00%, due 2/1/52 (d) | 4,725,000 | 4,723,780 |
| Series E-2 | ||
| 4.115%, due 2/1/54 | 4,250,000 | 4,318,536 |
| Series F | ||
| 5.00%, due 11/1/33 | 12,500,000 | 13,242,104 |
| Series E | ||
| 5.00%, due 7/1/35 | 11,225,000 | 12,137,915 |
| Series A | ||
| 5.00%, due 5/1/54 (d) | 10,000,000 | 10,439,164 |
| Series D | ||
| 5.00%, due 2/1/55 (d) | 12,550,000 | 13,383,926 |
| Series E | ||
| 5.00%, due 2/1/55 (d) | 16,900,000 | 17,699,686 |
| Series C | ||
| 5.00%, due 12/1/55 (d) | 2,350,000 | 2,420,885 |
| Series E | ||
| 5.00%, due 10/1/56 (d) | 12,060,000 | 12,737,243 |
| Series C | ||
| 5.25%, due 2/1/36 | 20,595,000 | 21,928,763 |
| Series C | ||
| 5.25%, due 1/1/54 (d) | 10,325,000 | 10,826,695 |
| Series F | ||
| 5.50%, due 10/1/54 (d) | 7,150,000 | 7,710,927 |
| California Community Housing Agency, Essential Housing, Revenue Bonds, Senior Lien | ||
| Series A-1 | ||
| 4.00%, due 2/1/56 (a) | 6,285,000 | 4,995,578 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| California Community Housing Agency, Fountains at Emerald, Revenue Bonds, Senior Lien | ||
| Series A-1 | ||
| 3.00%, due 8/1/56 (a) | $ 2,700,000 | $ 1,808,646 |
| California Community Housing Agency, Summit at Sausalito Apartments, Revenue Bonds | ||
| Series A-1 | ||
| 3.00%, due 2/1/57 (a) | 500,000 | 332,424 |
| California County Tobacco Securitization Agency, Los Angeles County Securitization Corp., Revenue Bonds | ||
| Series B-2 | ||
| (zero coupon), due 6/1/55 | 965,000 | 160,945 |
| California Infrastructure & Economic Development Bank, California Academy of Sciences, Revenue Bonds | ||
| Series A | ||
| 3.25%, due 8/1/29 | 2,000,000 | 2,001,937 |
| California Infrastructure & Economic Development Bank, J Paul Getty Trust (The), Revenue Bonds | ||
| Series B-2 | ||
| 3.00%, due 10/1/47 (d) | 3,295,000 | 3,294,724 |
| California Infrastructure & Economic Development Bank, Los Angeles County Museum of Natural History Foundation, Revenue Bonds | ||
| 5.50%, due 7/1/56 | 3,750,000 | 3,993,519 |
| California Municipal Finance Authority, Revenue Bonds (d) | ||
| Series 1, Class A-1 | ||
| 3.537%, due 2/20/41 | 4,933,475 | 4,469,312 |
| Series 1, Class A-1 | ||
| 4.05%, due 7/20/41 | 17,529,409 | 16,564,964 |
| Series 2, Class A-1 | ||
| 4.326%, due 11/20/40 | 3,478,047 | 3,387,380 |
| California Municipal Finance Authority, Plummer Village Apartments, Revenue Bonds | ||
| Series A, Insured: FHLMC | ||
| 4.25%, due 7/1/42 | 3,450,000 | 3,306,891 |
| California Municipal Finance Authority, Republic Services, Inc., Revenue Bonds | ||
| Series A | ||
| 4.375%, due 9/1/53 (d)(e) | 5,000,000 | 5,174,466 |
| California Municipal Finance Authority, United Airlines, Inc. Project, Revenue Bonds | ||
| 4.00%, due 7/15/29 (e) | 6,000,000 | 6,033,947 |
| California State Public Works Board, May Lee State Office Complex, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 4/1/45 | 3,245,000 | 3,448,744 |
| California State Public Works Board, Various Capital Projects, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 9/1/35 | 3,000,000 | 3,413,391 |
| Series D | ||
| 5.00%, due 11/1/36 | 3,190,000 | 3,562,898 |
| Series A | ||
| 5.00%, due 9/1/44 | 3,525,000 | 3,792,719 |
| Series C | ||
| 5.00%, due 11/1/44 | 2,750,000 | 2,961,957 |
| Series D | ||
| 5.00%, due 11/1/46 | 5,000,000 | 5,273,442 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| California State Public Works Board, Various Capital Projects, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 9/1/50 | $ 2,075,000 | $ 2,167,688 |
| California Statewide Communities Development Authority, Front Porch Communities & Services Obligated Group, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 4/1/42 | 2,000,000 | 1,871,656 |
| California Statewide Financing Authority, TSR Multi-County Special Purpose Trust, Revenue Bonds | ||
| Series A | ||
| 6.00%, due 5/1/43 | 1,230,000 | 1,252,018 |
| City of Victorville, Electric, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 5/1/38 | 1,115,000 | 1,185,426 |
| CMFA Special Finance Agency VIII, Elan Huntington Beach, Revenue Bonds, Senior Lien | ||
| Series A-1 | ||
| 3.00%, due 8/1/56 (a) | 2,000,000 | 1,338,851 |
| CSCDA Community Improvement Authority, Acacia on Santa Rosa Creek, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 4.00%, due 10/1/56 (a) | 2,000,000 | 1,619,756 |
| Del Mar Race Track Authority, Revenue Bonds | ||
| 5.00%, due 10/1/30 | 1,000,000 | 1,002,880 |
| Downtown Revitalization Public Infrastructure District, Seg Redevelopment Project, Revenue Bonds, Second Lien | ||
| Series B, Insured: AG | ||
| 5.50%, due 6/1/50 | 3,175,000 | 3,398,552 |
| Series B, Insured: AG | ||
| 5.50%, due 6/1/55 | 3,230,000 | 3,412,415 |
| Golden State Connect Authority, Broadband Project, Revenue Bonds | ||
| 6.50%, due 12/1/60 (a) | 3,750,000 | 3,632,491 |
| Inglewood Joint Powers Authority, Inglewood Main Library Renovation Project, Revenue Bonds | ||
| Insured: BAM | ||
| 5.00%, due 8/1/44 | 1,565,000 | 1,673,234 |
| Los Angeles County Public Works Financing Authority, Revenue Bonds | ||
| Series H | ||
| 5.50%, due 12/1/53 | 6,125,000 | 6,617,440 |
| Series J | ||
| 5.50%, due 12/1/54 | 6,000,000 | 6,514,429 |
| Los Angeles County Public Works Financing Authority, County of Los Angeles, Revenue Bonds | ||
| Series H | ||
| 5.50%, due 12/1/49 | 10,005,000 | 10,911,003 |
| Marina Joint Powers Financing Authority, Preston Park Apartments, Revenue Bonds | ||
| Insured: FNMA | ||
| 3.40%, due 3/1/36 | 2,875,000 | 2,836,452 |
| Matching Fund Special Purpose Securitization Corp., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/30 | 4,310,000 | 4,479,244 |
| Series A | ||
| 5.00%, due 10/1/32 | 3,140,000 | 3,304,336 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| Matching Fund Special Purpose Securitization Corp., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/39 | $ 3,495,000 | $ 3,589,147 |
| Mountain View Capital Improvements Financing Authority, Public Safety Building Project, Revenue Bonds | ||
| 5.00%, due 5/1/46 | 805,000 | 868,835 |
| M-S-R Energy Authority, Revenue Bonds | ||
| Series A | ||
| 6.50%, due 11/1/39 | 5,310,000 | 6,268,757 |
| M-S-R Energy Authority, Santa Clara, Revenue Bonds | ||
| Series B | ||
| 7.00%, due 11/1/34 | 950,000 | 1,111,235 |
| Municipal Improvement Corp. of Los Angeles, Los Angeles Convention Center, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 5/1/55 | 7,000,000 | 7,432,699 |
| New Hampshire Business Finance Authority, Revenue Bonds | ||
| Series 4, Class A | ||
| 3.923%, due 7/20/39 (d) | 2,341,559 | 2,213,948 |
| Northern California Sanitation Agencies Financing Authority, Sacramento Area Sewer District, Revenue Bonds | ||
| 3.00%, due 12/1/34 | 1,000,000 | 961,965 |
| Peninsula Corridor Joint Powers Board, Green Bond, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/47 | 4,750,000 | 4,933,231 |
| Puerto Rico Sales Tax Financing Corp., Revenue Bonds | ||
| Series A-1 | ||
| (zero coupon), due 7/1/27 | 2,664,000 | 2,589,521 |
| Series A-1 | ||
| (zero coupon), due 7/1/46 | 12,530,000 | 4,582,043 |
| Series A-1 | ||
| (zero coupon), due 7/1/51 | 5,390,000 | 1,432,151 |
| Series A-2B | ||
| 4.55%, due 7/1/40 | 1,871,000 | 1,854,061 |
| Series A-1 | ||
| 4.75%, due 7/1/53 | 5,866,000 | 5,577,373 |
| Series A-2 | ||
| 4.784%, due 7/1/58 | 4,707,000 | 4,456,379 |
| Puerto Rico Sales Tax Financing Corp., Restructured, Revenue Bonds | ||
| Series A-2 | ||
| 4.329%, due 7/1/40 | 4,659,000 | 4,554,186 |
| Series A-1 | ||
| 5.00%, due 7/1/58 | 2,991,078 | 2,878,296 |
| San Francisco Bay Area Rapid Transit District, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 7/1/44 | 6,900,000 | 5,575,481 |
| South Bayside Waste Management Authority, Green Bond, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 9/1/40 | 2,435,000 | 2,521,094 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| Southern California Public Power Authority, Clean Energy II Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/1/33 | $ 19,715,000 | $ 20,658,296 |
| Southern California Public Power Authority, National Gas Project, Revenue Bonds | ||
| Series A | ||
| 4.10%, due 11/1/38 | 2,500,000 | 2,432,004 |
| Stockton Public Financing Authority, Water Revenue, Green Bonds, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 5.00%, due 10/1/34 | 1,500,000 | 1,561,895 |
| Territory of Guam, Revenue Bonds | ||
| Series G | ||
| 5.00%, due 1/1/34 | 4,800,000 | 5,127,483 |
| Tobacco Securitization Authority of Northern California, Sacramento County Tobacco Securitization Corp., Revenue Bonds, Senior Lien | ||
| Series A | ||
| 4.00%, due 6/1/49 | 3,000,000 | 2,586,823 |
| Tobacco Securitization Authority of Southern California, San Diego County Tobacco Asset Securitization Corp., Asset-Backed, Revenue Bonds | ||
| Series B-2 | ||
| (zero coupon), due 6/1/54 | 10,000,000 | 1,764,995 |
| Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/29 (a) | 1,200,000 | 1,203,132 |
| Series A | ||
| 5.00%, due 10/1/32 | 950,000 | 950,149 |
| 389,023,228 | ||
| Transportation 13.9% | ||
| Alameda Corridor Transportation Authority, Revenue Bonds | ||
| Series A, Insured: NATL-RE | ||
| (zero coupon), due 10/1/36 | 3,000,000 | 2,027,320 |
| Bay Area Toll Authority, Revenue Bonds | ||
| Series SSL-1 | ||
| 5.00%, due 4/1/46 | 3,700,000 | 3,988,295 |
| Bay Area Toll Authority, Toll Bridge, Revenue Bonds | ||
| Series F-1 | ||
| 5.00%, due 4/1/44 | 3,775,000 | 4,288,883 |
| Series F-1 | ||
| 5.00%, due 4/1/48 | 5,465,000 | 5,791,893 |
| Burbank-Glendale-Pasadena Airport Authority, Brick Campaign, Revenue Bonds, Senior Lien (e) | ||
| Series B | ||
| 5.25%, due 7/1/44 | 4,250,000 | 4,490,762 |
| Series B | ||
| 5.25%, due 7/1/54 | 6,000,000 | 6,155,846 |
| Series B, Insured: AG | ||
| 5.50%, due 7/1/55 | 10,400,000 | 10,958,661 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Transportation | ||
| California Municipal Finance Authority, SFMTA Potrero Yard Modernization Project, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 9/1/56 | $ 7,420,000 | $ 7,923,833 |
| City of Long Beach, Airport, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 6/1/34 | 410,000 | 452,043 |
| Series A, Insured: AG | ||
| 5.00%, due 6/1/36 | 800,000 | 873,681 |
| Series A, Insured: AG | ||
| 5.00%, due 6/1/38 | 750,000 | 810,802 |
| Series A, Insured: AG | ||
| 5.00%, due 6/1/39 | 500,000 | 537,503 |
| City of Long Beach, Alamitos Bay Marina Project, Revenue Bonds | ||
| 5.00%, due 5/15/27 | 1,265,000 | 1,287,871 |
| 5.00%, due 5/15/28 | 1,430,000 | 1,487,488 |
| 5.00%, due 5/15/29 | 1,000,000 | 1,056,198 |
| 5.00%, due 5/15/41 | 1,000,000 | 1,065,054 |
| 5.00%, due 5/15/42 | 1,200,000 | 1,270,840 |
| City of Los Angeles, Department of Airports, Revenue Bonds | ||
| Series F | ||
| 5.00%, due 5/15/29 (e) | 9,095,000 | 9,571,210 |
| Series D | ||
| 5.00%, due 5/15/30 (e) | 3,000,000 | 3,143,916 |
| Series B | ||
| 5.00%, due 5/15/34 (e) | 4,625,000 | 4,744,428 |
| Series D | ||
| 5.00%, due 5/15/42 | 9,000,000 | 9,822,045 |
| City of Los Angeles, Department of Airports, Revenue Bonds, Senior Lien (e) | ||
| Series C | ||
| 5.00%, due 5/15/29 | 5,000,000 | 5,261,798 |
| Series G | ||
| 5.50%, due 5/15/35 | 1,750,000 | 1,913,100 |
| Series G | ||
| 5.50%, due 5/15/39 | 1,375,000 | 1,471,755 |
| Series G | ||
| 5.50%, due 5/15/40 | 4,000,000 | 4,268,920 |
| Series H | ||
| 5.50%, due 5/15/47 | 4,100,000 | 4,282,825 |
| County of Sacramento, Airport System, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 7/1/39 | 1,535,000 | 1,694,842 |
| Series B | ||
| 5.00%, due 7/1/40 | 5,295,000 | 5,817,754 |
| Foothill-Eastern Transportation Corridor Agency, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.50%, due 1/15/31 (b) | 2,000,000 | 2,221,576 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Transportation | ||
| Norman Y Mineta San Jose International Airport SJC, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 3/1/30 (e) | $ 1,855,000 | $ 1,965,436 |
| Port of Oakland, Revenue Bonds | ||
| Series H | ||
| 5.00%, due 5/1/29 (e) | 5,000 | 5,285 |
| San Diego County Regional Airport Authority, Revenue Bonds, Senior Lien (e) | ||
| Series B | ||
| 5.00%, due 7/1/31 | 3,500,000 | 3,764,088 |
| Series B | ||
| 5.25%, due 7/1/36 | 3,370,000 | 3,683,730 |
| Series B | ||
| 5.50%, due 7/1/55 | 8,650,000 | 9,077,035 |
| San Francisco City & County Airport Commission, San Francisco International Airport, Revenue Bonds, Second Series (e) | ||
| Series E | ||
| 5.00%, due 5/1/50 | 3,460,000 | 3,468,752 |
| Series A | ||
| 5.25%, due 5/1/42 | 5,000,000 | 5,337,533 |
| Series A | ||
| 5.25%, due 5/1/44 | 6,340,000 | 6,701,130 |
| Series A | ||
| 5.50%, due 5/1/55 | 7,000,000 | 7,355,424 |
| Series D | ||
| 5.50%, due 5/1/55 | 12,500,000 | 13,134,685 |
| Series C | ||
| 5.75%, due 5/1/48 | 14,300,000 | 15,320,790 |
| San Joaquin Hills Transportation Corridor Agency, Revenue Bonds, Junior Lien | ||
| Series B | ||
| 5.25%, due 1/15/44 | 1,660,000 | 1,660,598 |
| Series B | ||
| 5.25%, due 1/15/49 | 300,000 | 300,100 |
| 180,455,728 | ||
| Utilities 5.9% | ||
| Guam Power Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/27 | 1,230,000 | 1,251,743 |
| Series A | ||
| 5.00%, due 10/1/33 | 1,000,000 | 1,011,408 |
| Los Angeles Department of Water & Power, Power System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/31 | 1,500,000 | 1,621,656 |
| Series A | ||
| 5.00%, due 7/1/32 | 1,500,000 | 1,635,052 |
| Series A | ||
| 5.00%, due 7/1/33 | 1,900,000 | 2,084,717 |
| Series B | ||
| 5.25%, due 7/1/53 | 8,055,000 | 8,257,820 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Utilities | ||
| Los Angeles Department of Water & Power, Power System, Revenue Bonds | ||
| Series D | ||
| 5.25%, due 7/1/54 | $ 5,500,000 | $ 5,661,064 |
| Modesto Irrigation District, Electric System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/40 | 1,690,000 | 1,691,758 |
| Moreno Valley Public Financing Authority, Electric System, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.25%, due 5/1/51 | 4,000,000 | 4,278,141 |
| Series A, Insured: AG | ||
| 5.25%, due 5/1/56 | 3,000,000 | 3,185,154 |
| Puerto Rico Electric Power Authority, Revenue Bonds | ||
| Series UU, Insured: AG | ||
| 4.25%, due 7/1/27 | 460,000 | 460,294 |
| Series TT | ||
| 5.00%, due 7/1/37 (f)(g) | 4,200,000 | 3,060,750 |
| Series A | ||
| 5.00%, due 7/1/42 (f)(g) | 4,000,000 | 2,915,000 |
| Series XX | ||
| 5.25%, due 7/1/40 (f)(g) | 1,000,000 | 728,750 |
| Sacramento Municipal Utility District, Revenue Bonds | ||
| Series H | ||
| 5.00%, due 8/15/38 | 4,340,000 | 4,609,314 |
| Series M | ||
| 5.00%, due 11/15/44 | 2,750,000 | 2,956,222 |
| Series K | ||
| 5.00%, due 8/15/48 | 2,880,000 | 3,031,674 |
| Southern California Public Power Authority, Southern Transmission System Renewal Project, Revenue Bonds | ||
| Series 1, Insured: BAM | ||
| 5.25%, due 7/1/46 | 5,855,000 | 6,201,008 |
| Series 1, Insured: BAM | ||
| 5.25%, due 7/1/49 | 7,500,000 | 7,896,521 |
| Series 1 | ||
| 5.25%, due 7/1/53 | 13,400,000 | 14,077,298 |
| 76,615,344 | ||
| Water & Sewer 6.6% | ||
| City of Los Angeles, Wastewater System, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 6/1/34 | 4,500,000 | 5,118,716 |
| Series A | ||
| 5.00%, due 6/1/43 | 5,130,000 | 5,606,104 |
| City of Riverside, Sewer, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 8/1/35 | 1,600,000 | 1,845,540 |
| City of San Francisco, Public Utilities Commission Water, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/1/39 | 1,000,000 | 1,105,986 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Water & Sewer | ||
| City of San Francisco, Public Utilities Commission Water, Revenue Bonds | ||
| Series F | ||
| 5.00%, due 11/1/39 | $ 4,000,000 | $ 4,605,177 |
| Series A | ||
| 5.00%, due 11/1/43 | 400,000 | 435,269 |
| Series A | ||
| 5.25%, due 11/1/48 | 4,000,000 | 4,267,634 |
| Series E | ||
| 5.25%, due 11/1/55 | 5,000,000 | 5,318,991 |
| Guam Government Waterworks Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/34 | 780,000 | 842,272 |
| Series A | ||
| 5.50%, due 7/1/44 | 1,000,000 | 1,060,771 |
| Guam Government Waterworks Authority, Water and Wastewater System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/50 | 1,500,000 | 1,525,743 |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 7/1/33 (a) | 1,330,000 | 1,405,858 |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds, Senior Lien (a) | ||
| Series A | ||
| 5.00%, due 7/1/35 | 8,000,000 | 8,325,204 |
| Series A | ||
| 5.00%, due 7/1/37 | 4,800,000 | 5,039,687 |
| Series A | ||
| 5.00%, due 7/1/47 | 16,295,000 | 16,436,856 |
| San Diego Public Facilities Financing Authority, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.00%, due 8/1/49 | 3,380,000 | 3,573,223 |
| San Diego Public Facilities Financing Authority, Water Utility, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.00%, due 8/1/47 | 475,000 | 508,172 |
| Series A | ||
| 5.00%, due 8/1/51 | 2,500,000 | 2,648,347 |
| Santa Clara Valley Water District, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/42 | 4,995,000 | 5,484,687 |
| Series A | ||
| 5.00%, due 6/1/43 | 4,000,000 | 4,374,376 |
| Santa Margarita-Dana Point Authority, Water District Improvement, Revenue Bonds | ||
| 4.00%, due 8/1/36 | 2,025,000 | 2,030,906 |
| State of California Department of Water Resources, 2026 General Bond Resolution, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/46 | 2,445,000 | 2,635,994 |
| Principal Amount | Value | ||
| Long-Term Municipal Bonds | |||
| Water & Sewer | |||
| State of California Department of Water Resources, Central Valley Project, Revenue Bonds | |||
| Series A | |||
| 5.00%, due 12/1/45 | $ 2,000,000 | $ 2,170,849 | |
| 86,366,362 | |||
| Total Long-Term Municipal Bonds (Cost $1,258,441,861) | 1,266,459,766 | ||
| Short-Term Municipal Notes 1.8% | |||
| General 0.8% | |||
| Nuveen California AMT-Free Quality Municipal Income Fund | |||
| Series A | |||
| 2.61%, due 10/1/47 (a)(h) | 10,900,000 | 10,900,000 | |
| Hospital 0.4% | |||
| California Health Facilities Financing Authority, Adventist Health System, Revenue Bonds | |||
| Series B | |||
| 2.85%, due 3/1/41 (h) | 5,100,000 | 5,100,000 | |
| Utilities 0.6% | |||
| Southern California Public Power Authority, Magnolia Power Project A, Revenue Bonds | |||
| Series 3 | |||
| 2.60%, due 7/1/36 (h) | 6,400,000 | 6,400,000 | |
| Tender Option Bond Trust Receipts, Revenue Bonds | |||
| Insured: BAM | |||
| 2.19%, due 7/1/46 (a)(h) | 1,320,000 | 1,320,000 | |
| 7,720,000 | |||
| Total Short-Term Municipal Notes (Cost $23,720,000) | 23,720,000 | ||
| Total Municipal Bonds (Cost $1,282,161,861) | 1,290,179,766 | ||
| Shares | |||
| Short-Term Investment 1.1% | |||
| Unaffiliated Investment Company 1.1% | |||
| BNY Dreyfus Government Cash Management - Institutional Shares, 3.552% (i) | 14,493,067 | 14,493,067 | |
| Total Short-Term Investment (Cost $14,493,067) | 14,493,067 | ||
| Total Investments (Cost $1,296,654,928) | 100.5% | 1,304,672,833 | |
| Other Assets, Less Liabilities | (0.5) | (6,762,511) | |
| Net Assets | 100.0% | $ 1,297,910,322 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| (a) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (b) | Step coupon—Rate shown was the rate in effect as of July 31, 2026. |
| (c) | Delayed delivery security. |
| (d) | Coupon rate may change based on changes of the underlying collateral or prepayments of principal. Rate shown was the rate in effect as of July 31, 2026. |
| (e) | Interest on these securities is subject to alternative minimum tax. |
| (f) | Issue in default. |
| (g) | Issue in non-accrual status. |
| (h) | Variable-rate demand notes (VRDNs)—Provide the right to sell the security at face value on either that day or within the rate-reset period. VRDNs will normally trade as if the maturity is the earlier put date, even though stated maturity is longer. The interest rate is reset on the put date at a stipulated daily, weekly, monthly, quarterly, or other specified time interval to reflect current market conditions. These securities do not indicate a reference rate and spread in their description. The maturity date shown is the final maturity. |
| (i) | Current yield as of July 31, 2026. |
| Type | Number of Contracts | Expiration Date | Value at Trade Date | Current Notional Amount | Unrealized Appreciation (Depreciation)2 |
| Short Contracts | |||||
| U.S. Treasury Long Bonds | (290) | September 2026 | $ (33,122,771) | $ (31,410,625) | $ 1,712,146 |
| 1. | As of July 31, 2026, cash in the amount of $1,073,000 was on deposit with a broker or futures commission merchant for futures transactions. |
| 2. | Represents the difference between the value of the contracts at the time they were opened and the value as of July 31, 2026. |
| Abbreviation(s): |
| AG—Assured Guaranty Ltd. |
| BAM—Build America Mutual Assurance Co. |
| CR—Custodial Receipts |
| FHLMC—Federal Home Loan Mortgage Corp. |
| FNMA—Federal National Mortgage Association |
| NATL-RE—National Public Finance Guarantee Corp. |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Municipal Bonds | |||||||
| Long-Term Municipal Bonds | $ — | $ 1,266,459,766 | $ — | $ 1,266,459,766 | |||
| Short-Term Municipal Notes | — | 23,720,000 | — | 23,720,000 | |||
| Total Municipal Bonds | — | 1,290,179,766 | — | 1,290,179,766 | |||
| Short-Term Investment | |||||||
| Unaffiliated Investment Company | 14,493,067 | — | — | 14,493,067 | |||
| Total Investments in Securities | 14,493,067 | 1,290,179,766 | — | 1,304,672,833 | |||
| Other Financial Instruments | |||||||
| Futures Contracts (b) | 1,712,146 | — | — | 1,712,146 | |||
| Total Investments in Securities and Other Financial Instruments | $ 16,205,213 | $ 1,290,179,766 | $ — | $ 1,306,384,979 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| (b) | The value listed for these securities reflects unrealized appreciation (depreciation) as shown on the Portfolio of Investments. |
| Principal Amount | Value | |
| Municipal Bonds 99.1% | ||
| Long-Term Municipal Bonds 98.4% | ||
| Certificate of Participation/Lease 9.3% | ||
| Adams & Arapahoe Counties Joint School District 28J, Aurora | ||
| Insured: BAM | ||
| 5.00%, due 12/1/34 | $ 300,000 | $ 328,988 |
| Insured: BAM | ||
| 5.25%, due 12/1/43 | 650,000 | 697,377 |
| Adams County School District No. 1 | ||
| Insured: BAM | ||
| 5.00%, due 12/1/36 | 1,000,000 | 1,074,591 |
| City of Boulder | ||
| 5.00%, due 11/1/42 | 1,445,000 | 1,547,807 |
| City of Fort Lupton | ||
| 5.00%, due 12/1/33 | 500,000 | 529,254 |
| Colorado Higher Education | ||
| Series A | ||
| 5.00%, due 11/1/26 | 1,690,000 | 1,698,812 |
| Foothills Park & Recreation District | ||
| Insured: AG | ||
| 5.00%, due 12/1/26 | 705,000 | 706,102 |
| Town of Castle Rock | ||
| 5.25%, due 12/1/42 | 1,125,000 | 1,227,289 |
| Town of Frederick, Public Works Facility Project (The) | ||
| 5.00%, due 12/1/41 | 1,250,000 | 1,345,083 |
| Weld County School District No. 6, Greeley | ||
| Insured: AG | ||
| 5.00%, due 12/1/40 | 300,000 | 310,457 |
| Insured: AG | ||
| 5.25%, due 12/1/42 | 275,000 | 286,998 |
| Insured: AG | ||
| 5.25%, due 12/1/43 | 275,000 | 286,253 |
| Insured: AG | ||
| 5.25%, due 12/1/45 | 425,000 | 440,111 |
| 10,479,122 | ||
| Education 8.8% | ||
| Colorado Educational & Cultural Facilities Authority, Ascent Classical Academy Charter Schools, Inc. Project, Revenue Bonds | ||
| Series A, Insured: State Higher Education Intercept Program | ||
| 4.75%, due 4/1/36 (a) | 1,000,000 | 970,672 |
| Colorado Educational & Cultural Facilities Authority, Firestone Charter Academy Project, Revenue Bonds | ||
| Series A, Insured: BAM Moral Obligation | ||
| 5.00%, due 6/1/30 | 160,000 | 169,418 |
| Series A, Insured: BAM Moral Obligation | ||
| 5.00%, due 6/1/32 | 350,000 | 376,059 |
| Series A, Insured: BAM Moral Obligation | ||
| 5.00%, due 6/1/34 | 290,000 | 315,108 |
| Series A, Insured: BAM Moral Obligation | ||
| 5.00%, due 6/1/36 | 430,000 | 467,497 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Education | ||
| Colorado Educational & Cultural Facilities Authority, Firestone Charter Academy Project, Revenue Bonds | ||
| Series A, Insured: BAM Moral Obligation | ||
| 5.00%, due 6/1/46 | $ 750,000 | $ 770,780 |
| Colorado Educational & Cultural Facilities Authority, New Summit Academy, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/31 (a) | 450,000 | 431,564 |
| Colorado Educational & Cultural Facilities Authority, Roosevelt Charter Academy Project, Revenue Bonds | ||
| Series A, Insured: BAM Moral Obligation | ||
| 5.00%, due 7/1/45 | 450,000 | 458,466 |
| Colorado School of Mines, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 12/1/38 | 700,000 | 752,066 |
| Metropolitan State University of Denver, Student Housing & Event Center Project, Revenue Bonds | ||
| Series A, Insured: State Intercept | ||
| 5.00%, due 12/1/37 | 1,170,000 | 1,290,750 |
| Series A, Insured: State Intercept | ||
| 5.00%, due 12/1/41 | 1,000,000 | 1,066,661 |
| University of Colorado, Revenue Bonds | ||
| Series C-2 | ||
| 5.00%, due 6/1/42 | 1,155,000 | 1,247,343 |
| University of Northern Colorado, Revenue Bonds | ||
| Insured: State Higher Education Intercept Program | ||
| 5.00%, due 6/1/45 | 1,450,000 | 1,531,988 |
| 9,848,372 | ||
| General 1.0% | ||
| Prairie Point Community Authority Board Special Improvement District No. 1, Special Assessment | ||
| 5.00%, due 12/1/35 | 1,100,000 | 1,105,238 |
| General Obligation 23.9% | ||
| Adams & Weld Counties School District No. 27J, Brighton, Unlimited General Obligation | ||
| Series A, Insured: State Aid Withholding | ||
| 5.50%, due 12/1/34 | 500,000 | 581,557 |
| Series A, Insured: State Aid Withholding | ||
| 5.50%, due 12/1/39 | 500,000 | 574,679 |
| Adams 12 Five Star Schools, Unlimited General Obligation | ||
| Insured: State Aid Withholding | ||
| 5.25%, due 12/15/44 | 1,350,000 | 1,473,129 |
| Adams County School District No. 14, Unlimited General Obligation | ||
| Insured: State Aid Withholding | ||
| 5.00%, due 12/1/34 | 1,250,000 | 1,404,733 |
| Insured: State Aid Withholding | ||
| 5.50%, due 12/1/35 | 1,230,000 | 1,419,995 |
| Baseline Metropolitan District No. 1, Unlimited General Obligation | ||
| Series A, Insured: AG | ||
| 4.25%, due 12/1/54 | 1,335,000 | 1,200,107 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| General Obligation | ||
| Berthoud-Heritage Metropolitan District No. 1, Limited General Obligation | ||
| Insured: AG | ||
| 5.00%, due 12/1/33 | $ 250,000 | $ 268,776 |
| Insured: AG | ||
| 5.00%, due 12/1/34 | 250,000 | 267,072 |
| Insured: AG | ||
| 5.00%, due 12/1/35 | 250,000 | 265,508 |
| Insured: AG | ||
| 5.00%, due 12/1/36 | 250,000 | 264,147 |
| Insured: AG | ||
| 5.00%, due 12/1/37 | 250,000 | 262,920 |
| Insured: AG | ||
| 5.00%, due 12/1/38 | 150,000 | 157,064 |
| Boulder Larimer & Weld Counties, St. Vrain Valley School District Re-1J, Unlimited General Obligation | ||
| Series C, Insured: State Aid Withholding | ||
| 5.00%, due 12/15/28 | 2,000,000 | 2,017,223 |
| Commonwealth of Puerto Rico | ||
| (zero coupon), due 11/1/43 | 956,571 | 682,753 |
| (zero coupon), due 11/1/51 | 706,393 | 516,550 |
| Commonwealth of Puerto Rico, Unlimited General Obligation | ||
| Series A-1 | ||
| 5.625%, due 7/1/27 | 249,334 | 254,314 |
| Denver City & County School District No. 1, Unlimited General Obligation | ||
| Insured: State Aid Withholding | ||
| 3.00%, due 12/1/43 | 1,350,000 | 1,077,981 |
| Series C, Insured: State Aid Withholding | ||
| 5.50%, due 12/1/47 | 2,000,000 | 2,179,085 |
| Douglas County School District No. Re-1, Douglas & Elbert Counties, Unlimited General Obligation | ||
| Insured: State Aid Withholding | ||
| 5.50%, due 12/15/44 | 1,425,000 | 1,595,373 |
| Grand River Hospital District, Unlimited General Obligation | ||
| Insured: AG | ||
| 6.00%, due 12/1/43 | 1,250,000 | 1,415,441 |
| Hyland Hills Park & Recreation District, Unlimited General Obligation | ||
| 5.00%, due 12/15/35 | 375,000 | 412,497 |
| Kinston Metropolitan District No. 5, Limited General Obligation, Senior Lien | ||
| Series A | ||
| 5.00%, due 12/1/35 (a) | 810,000 | 834,091 |
| Mirabelle Metropolitan District No. 2, Limited General Obligation, Senior Lien | ||
| Series A, Insured: AG | ||
| 5.00%, due 12/1/34 | 300,000 | 320,093 |
| Pitkin County School District No. 1, Aspen, Unlimited General Obligation | ||
| Insured: State Aid Withholding | ||
| 5.50%, due 12/1/48 | 1,000,000 | 1,090,505 |
| Prairie Center Metropolitan District No. 7, Limited General Obligation | ||
| 4.875%, due 12/15/44 | 725,000 | 722,079 |
| Southglenn Metropolitan District, Limited General Obligation | ||
| 5.00%, due 12/1/30 | 1,500,000 | 1,500,085 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| General Obligation | ||
| STC Metropolitan District No. 2, Limited General Obligation, Senior Lien | ||
| Series A-1, Insured: AG | ||
| 5.00%, due 12/1/27 | $ 1,760,000 | $ 1,806,397 |
| Village Metropolitan District (The), Special Revenue and Limited Property Tax, Limited General Obligation | ||
| 5.00%, due 12/1/40 | 1,000,000 | 994,759 |
| Wyndham Hill Metropolitan District No. 2, Limited General Obligation, Senior Lien | ||
| Series A, Insured: BAM | ||
| 4.00%, due 12/1/49 | 1,500,000 | 1,302,488 |
| 26,861,401 | ||
| Hospital 7.6% | ||
| Colorado Health Facilities Authority, AdventHealth Obligated Group, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 11/15/43 | 1,000,000 | 937,009 |
| Series A | ||
| 4.00%, due 11/15/46 | 1,000,000 | 911,593 |
| Series A | ||
| 5.00%, due 11/15/60 (b) | 2,500,000 | 2,686,161 |
| Colorado Health Facilities Authority, Children's Hospital of Colorado Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/39 | 1,500,000 | 1,614,206 |
| Colorado Health Facilities Authority, CommonSpirit Health, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 11/1/35 | 1,200,000 | 1,299,303 |
| Colorado Health Facilities Authority, Sanford Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/1/28 | 1,000,000 | 1,042,082 |
| 8,490,354 | ||
| Other Revenue 38.3% | ||
| Adams County Housing Authority, Verrbena Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 4/1/29 | 1,400,000 | 1,408,792 |
| Black Belt Energy Gas District, Gas Project, Revenue Bonds | ||
| Series E | ||
| 5.00%, due 7/1/28 | 850,000 | 872,256 |
| Series G | ||
| 5.00%, due 6/1/31 | 1,250,000 | 1,305,187 |
| Series F | ||
| 5.00%, due 12/1/32 | 1,000,000 | 1,044,582 |
| California Community Choice Financing Authority, Clean Energy Project, Revenue Bonds | ||
| Series C | ||
| 5.25%, due 1/1/54 (b) | 1,000,000 | 1,048,590 |
| Centerra South Metropolitan District No. 1, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/36 (a) | 1,000,000 | 987,576 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| City & County of Denver, Pledged Excise Tax, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 8/1/36 | $ 1,000,000 | $ 1,003,665 |
| City of Colorado Springs, Bradley Ridge Apartments Project, Revenue Bonds | ||
| 3.15%, due 12/1/45 (b) | 1,500,000 | 1,480,150 |
| City of Colorado Springs, Utilities System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/15/40 | 1,000,000 | 1,087,780 |
| City of Fort Collins, Electric Utility Enterprise, Revenue Bonds | ||
| 5.00%, due 12/1/37 | 1,000,000 | 1,085,874 |
| Colorado Health Facilities Authority, Bethesda Project, Revenue Bonds | ||
| Series A-1 | ||
| 5.00%, due 9/15/48 | 500,000 | 489,125 |
| Colorado Health Facilities Authority, Frasier, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 5/15/33 | 665,000 | 707,453 |
| Colorado Housing and Finance Authority, Revenue Bonds | ||
| Series H, Class I, Insured: GNMA | ||
| 2.10%, due 11/1/35 | 1,000,000 | 836,903 |
| Series H, Class I, Insured: GNMA | ||
| 2.20%, due 11/1/38 | 1,355,000 | 1,032,221 |
| Series B, Class I | ||
| 2.20%, due 10/1/40 | 1,000,000 | 750,266 |
| Series B | ||
| 3.75%, due 5/1/50 | 635,000 | 634,958 |
| Series K, Insured: GNMA | ||
| 3.875%, due 5/1/50 | 585,000 | 587,476 |
| Series J, Class III, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 5/1/55 | 1,000,000 | 1,104,580 |
| Colorado Housing and Finance Authority, Sustainable Bonds, Revenue Bonds | ||
| Series B, Class 1, Insured: GNMA | ||
| 3.25%, due 5/1/52 | 665,000 | 655,828 |
| Eagle County Housing & Development Authority, Eagle Villas Project, Revenue Bonds | ||
| 3.55%, due 12/1/45 (b) | 2,000,000 | 2,004,649 |
| GDB Debt Recovery Authority of Puerto Rico, Revenue Bonds | ||
| 7.50%, due 8/20/40 | 472,431 | 467,005 |
| Gunnison County Housing Authority, Whetstone Housing Project, Revenue Bonds | ||
| Insured: BAM | ||
| 5.00%, due 6/1/31 | 595,000 | 633,908 |
| Insured: BAM | ||
| 5.00%, due 6/1/32 | 625,000 | 669,835 |
| Insured: BAM | ||
| 5.00%, due 6/1/33 | 985,000 | 1,062,013 |
| Hyland Hills Park & Recreation District, Revenue Bonds | ||
| 5.00%, due 12/15/34 | 400,000 | 439,171 |
| 5.00%, due 12/15/37 | 500,000 | 544,870 |
| 5.00%, due 12/15/38 | 425,000 | 459,252 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| Jefferson Center Metropolitan District No. 2, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/36 (a) | $ 1,000,000 | $ 987,576 |
| Matching Fund Special Purpose Securitization Corp., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/39 | 1,280,000 | 1,314,480 |
| Midcities Metropolitan District No. 2, Revenue Bonds | ||
| Insured: AG | ||
| 5.00%, due 12/1/31 | 2,365,000 | 2,521,951 |
| New Hampshire Business Finance Authority, Revenue Bonds | ||
| (zero coupon), due 12/15/41 | 1,500,000 | 566,527 |
| Series 2, Class A-1 | ||
| 4.22%, due 11/20/42 (b) | 990,155 | 939,671 |
| Park Creek Metropolitan District, Revenue Bonds, Senior Lien | ||
| Series A, Insured: AG | ||
| 4.00%, due 12/1/35 | 1,000,000 | 1,002,706 |
| Park Creek Metropolitan District, Westerly Creek District Service Area, Tax Allocation, Senior Lien | ||
| Insured: AG | ||
| 5.00%, due 12/1/42 | 1,000,000 | 1,045,292 |
| Prairie Center Metropolitan District No. 3, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/15/41 (a) | 1,000,000 | 1,000,395 |
| Public Authority for Colorado Energy, Revenue Bonds | ||
| 6.50%, due 11/15/38 | 2,950,000 | 3,425,742 |
| Puerto Rico Sales Tax Financing Corp., Revenue Bonds | ||
| Series A-2 | ||
| 4.329%, due 7/1/40 | 1,040,000 | 1,016,603 |
| Tennergy Corp., Revenue Bonds | ||
| Series A | ||
| 4.00%, due 12/1/51 (b) | 1,000,000 | 1,007,426 |
| Territory of Guam, Revenue Bonds | ||
| Series G | ||
| 5.00%, due 1/1/32 | 1,500,000 | 1,589,079 |
| Texas Municipal Gas Acquisition & Supply Corp. IV, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 1/1/54 (b) | 1,000,000 | 1,049,490 |
| Town of Bennett, Revenue Bonds | ||
| Insured: AG | ||
| 5.00%, due 12/1/46 | 1,000,000 | 1,041,030 |
| 42,911,933 | ||
| Transportation 5.2% | ||
| Colorado Bridge & Tunnel Enterprise, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 12/1/37 | 1,050,000 | 1,145,735 |
| Series A, Insured: AG | ||
| 5.25%, due 12/1/39 | 1,000,000 | 1,093,489 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Transportation | ||
| E-470 Public Highway Authority, Revenue Bonds | ||
| Series B | ||
| 3.146%, due 9/1/39 | $ 2,000,000 | $ 1,995,774 |
| E-470 Public Highway Authority, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.00%, due 9/1/40 | 1,485,000 | 1,593,961 |
| 5,828,959 | ||
| Water & Sewer 4.3% | ||
| Central Weld County Water District, Revenue Bonds | ||
| Insured: BAM | ||
| 5.00%, due 12/1/45 | 1,000,000 | 1,044,807 |
| City of Fort Morgan, Wastewater, Revenue Bonds | ||
| Insured: BAM | ||
| 5.00%, due 12/1/37 | 500,000 | 545,641 |
| Insured: BAM | ||
| 5.00%, due 12/1/44 | 375,000 | 393,317 |
| Insured: BAM | ||
| 5.00%, due 12/1/45 | 300,000 | 312,808 |
| Insured: BAM | ||
| 5.00%, due 12/1/46 | 225,000 | 233,088 |
| City of Thornton, Water, Revenue Bonds | ||
| 3.00%, due 12/1/39 | 1,000,000 | 851,707 |
| Denver Wastewater Management Division Department of Public Works, Revenue Bonds | ||
| 4.00%, due 11/1/41 | 1,500,000 | 1,452,457 |
| 4,833,825 | ||
| Total Long-Term Municipal Bonds (Cost $109,779,473) | 110,359,204 | |
| Short-Term Municipal Notes 0.7% | ||
| Hospital 0.2% | ||
| Colorado Health Facilities Authority, Children's Hospital, Revenue Bonds | ||
| Series A | ||
| 3.05%, due 12/1/52 (c) | 210,000 | 210,000 |
| Other Revenue 0.5% | ||
| Colorado Educational & Cultural Facilities Authority, National Jewish Federation Bond Program, Revenue Bonds | ||
| Series A-12 | ||
| 3.05%, due 2/1/38 (c) | 525,000 | 525,000 |
| Total Short-Term Municipal Notes (Cost $735,000) | 735,000 | |
| Total Municipal Bonds (Cost $110,514,473) | 111,094,204 | |
| Shares | Value | ||
| Short-Term Investment 0.2% | |||
| Unaffiliated Investment Company 0.2% | |||
| BNY Dreyfus Government Cash Management - Institutional Shares, 3.552% (d) | 247,049 | $ 247,049 | |
| Total Short-Term Investment (Cost $247,049) | 247,049 | ||
| Total Investments (Cost $110,761,522) | 99.3% | 111,341,253 | |
| Other Assets, Less Liabilities | 0.7 | 776,299 | |
| Net Assets | 100.0% | $ 112,117,552 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| (a) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (b) | Coupon rate may change based on changes of the underlying collateral or prepayments of principal. Rate shown was the rate in effect as of July 31, 2026. |
| (c) | Variable-rate demand notes (VRDNs)—Provide the right to sell the security at face value on either that day or within the rate-reset period. VRDNs will normally trade as if the maturity is the earlier put date, even though stated maturity is longer. The interest rate is reset on the put date at a stipulated daily, weekly, monthly, quarterly, or other specified time interval to reflect current market conditions. These securities do not indicate a reference rate and spread in their description. The maturity date shown is the final maturity. |
| (d) | Current yield as of July 31, 2026. |
| Type | Number of Contracts | Expiration Date | Value at Trade Date | Current Notional Amount | Unrealized Appreciation (Depreciation)2 |
| Short Contracts | |||||
| U.S. Treasury Long Bonds | (20) | September 2026 | $ (2,212,403) | $ (2,166,250) | $ 46,153 |
| 1. | As of July 31, 2026, cash in the amount of $74,000 was on deposit with a broker or futures commission merchant for futures transactions. |
| 2. | Represents the difference between the value of the contracts at the time they were opened and the value as of July 31, 2026. |
| Abbreviation(s): |
| AG—Assured Guaranty Ltd. |
| BAM—Build America Mutual Assurance Co. |
| FHLMC—Federal Home Loan Mortgage Corp. |
| FNMA—Federal National Mortgage Association |
| GNMA—Government National Mortgage Association |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Municipal Bonds | |||||||
| Long-Term Municipal Bonds | $ — | $ 110,359,204 | $ — | $ 110,359,204 | |||
| Short-Term Municipal Notes | — | 735,000 | — | 735,000 | |||
| Total Municipal Bonds | — | 111,094,204 | — | 111,094,204 | |||
| Short-Term Investment | |||||||
| Unaffiliated Investment Company | 247,049 | — | — | 247,049 | |||
| Total Investments in Securities | 247,049 | 111,094,204 | — | 111,341,253 | |||
| Other Financial Instruments | |||||||
| Futures Contracts (b) | 46,153 | — | — | 46,153 | |||
| Total Investments in Securities and Other Financial Instruments | $ 293,202 | $ 111,094,204 | $ — | $ 111,387,406 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| (b) | The value listed for these securities reflects unrealized appreciation (depreciation) as shown on the Portfolio of Investments. |
| Principal Amount | Value | |
| Municipal Bonds 96.6% | ||
| Long-Term Municipal Bonds 93.0% | ||
| Alabama 3.5% | ||
| Alabama Special Care Facilities Financing Authority, Methodist Home for the Aging, Revenue Bonds | ||
| Series 1 | ||
| 5.75%, due 6/1/45 | $ 1,250,000 | $ 1,216,613 |
| Series 1 | ||
| 6.00%, due 6/1/50 | 2,000,000 | 1,937,977 |
| Baldwin County Industrial Development Authority, Novelis Corp. Project, Revenue Bonds (a)(b)(c) | ||
| Series A | ||
| 4.30%, due 3/1/56 | 14,375,000 | 14,260,837 |
| Series A | ||
| 5.00%, due 6/1/55 | 17,500,000 | 18,040,647 |
| Black Belt Energy Gas District, Gas Project No. 7, Revenue Bonds | ||
| Series C-2 | ||
| 2.51%, due 10/1/52 | 22,720,000 | 22,710,221 |
| Black Belt Energy Gas District, Gas Project, Revenue Bonds | ||
| Series H-2-2 | ||
| 3.795%, due 12/1/31 | 15,000,000 | 14,970,054 |
| Series A | ||
| 5.00%, due 12/1/34 | 15,000,000 | 15,517,249 |
| Chelsea Park Cooperative District, Special Assessment | ||
| 5.00%, due 5/1/48 | 1,620,000 | 1,587,872 |
| Cooper Green Mercy Health Services Authority, County of Jefferson Indigent Care Fund, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 9/1/42 | 4,950,000 | 5,236,163 |
| County of Jefferson, Sewer, Revenue Bonds | ||
| 5.25%, due 10/1/41 | 3,535,000 | 3,777,064 |
| 5.25%, due 10/1/43 | 3,150,000 | 3,343,308 |
| 5.25%, due 10/1/44 | 17,100,000 | 18,075,204 |
| 5.25%, due 10/1/49 | 8,970,000 | 9,263,320 |
| 5.50%, due 10/1/53 | 15,975,000 | 16,605,182 |
| Homewood Educational Building Authority, CHF - Horizons II LLC, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 10/1/56 | 1,000,000 | 945,769 |
| Hoover Industrial Development Board, United States Steel Corp., Green Bond, Revenue Bonds | ||
| 6.375%, due 11/1/50 (b)(c) | 3,140,000 | 3,445,344 |
| Lower Alabama Gas District (The), Gas Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 9/1/46 | 17,360,000 | 17,628,099 |
| Mobile County Industrial Development Authority, AM/NS Calvert LLC Project, Revenue Bonds (b) | ||
| Series B | ||
| 4.75%, due 12/1/54 | 71,475,000 | 66,891,037 |
| Series A | ||
| 5.00%, due 6/1/54 | 13,500,000 | 13,030,848 |
| Montgomery Educational Building Authority, Faulkner University, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/43 | 4,780,000 | 4,483,836 |
| Prichard Water Works & Sewer Board, Revenue Bonds | ||
| 4.00%, due 11/1/49 (d)(e) | 6,000,000 | 3,780,000 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Alabama | ||
| Southeast Energy Authority A Cooperative District, Project No. 2, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 12/1/51 (c) | $ 8,400,000 | $ 8,353,998 |
| Southeast Energy Authority A Cooperative District, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/56 (c) | 9,000,000 | 9,041,269 |
| Tuscaloosa County Industrial Development Authority, Hunt Refining Project, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 5/1/44 (a) | 65,633,673 | 66,519,886 |
| 340,661,797 | ||
| Alaska 0.2% | ||
| Alaska Industrial Development & Export Authority, Dena' Nena' Henash, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 10/1/49 | 15,440,000 | 13,346,429 |
| Alaska Industrial Development & Export Authority, Interior Gas Utility Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/40 | 1,795,000 | 1,821,551 |
| Series A | ||
| 5.00%, due 6/1/50 | 3,485,000 | 3,412,930 |
| 18,580,910 | ||
| Arizona 1.2% | ||
| Arizona Industrial Development Authority, GreatHearts Arizona Project, Revenue Bonds | ||
| Series A, Insured: SD CRED PROG | ||
| 3.00%, due 7/1/46 | 4,265,000 | 3,158,166 |
| Series A, Insured: SD CRED PROG | ||
| 3.00%, due 7/1/52 | 9,525,000 | 6,390,214 |
| Arizona Industrial Development Authority, Provident Group-NCCU Properties LLC, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 4.00%, due 6/1/44 | 2,500,000 | 2,348,979 |
| Series A, Insured: BAM | ||
| 5.00%, due 6/1/49 | 1,345,000 | 1,355,147 |
| Series A, Insured: BAM | ||
| 5.00%, due 6/1/54 | 4,155,000 | 4,167,942 |
| Arizona Industrial Development Authority, Equitable School Revolving Fund LLC, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 11/1/45 | 5,470,000 | 5,002,413 |
| Series A | ||
| 4.00%, due 11/1/46 | 1,000,000 | 904,518 |
| Series A | ||
| 4.00%, due 11/1/49 | 4,865,000 | 4,237,189 |
| Series A | ||
| 4.00%, due 11/1/51 | 3,405,000 | 2,895,870 |
| Series A | ||
| 4.25%, due 11/1/52 | 2,000,000 | 1,769,758 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Arizona | ||
| Arizona Industrial Development Authority, University of Indianapolis, Health Pavilion Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 10/1/49 | $ 1,000,000 | $ 794,913 |
| Series A | ||
| 5.00%, due 10/1/45 | 1,875,000 | 1,790,720 |
| Arizona Industrial Development Authority, Macombs Facility Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/51 | 4,230,000 | 3,333,960 |
| Arizona Industrial Development Authority, Jerome Facility Project, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 7/1/51 | 1,420,000 | 1,119,202 |
| Series B | ||
| 4.00%, due 7/1/61 | 1,000,000 | 745,521 |
| Arizona Industrial Development Authority, Pinecrest Academy of Northern Nevada, Revenue Bonds | ||
| Series A | ||
| 4.50%, due 7/15/29 (a) | 1,000,000 | 973,825 |
| Arizona Industrial Development Authority, Odyssey Preparatory Academy, Inc. (The), Revenue Bonds (a) | ||
| Series A | ||
| 4.75%, due 7/1/29 | 1,450,000 | 1,445,086 |
| 5.00%, due 7/1/54 | 7,165,000 | 5,727,204 |
| Arizona Industrial Development Authority, Arizona Agribusiness and Equine Center, Inc., Revenue Bonds (a) | ||
| Series B | ||
| 5.00%, due 3/1/37 | 3,030,000 | 2,992,239 |
| Series B | ||
| 5.00%, due 3/1/42 | 3,185,000 | 3,035,234 |
| Arizona Industrial Development Authority, Somerset Academy of Las Vegas Lone Mountain Campus, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/15/49 (a) | 1,900,000 | 1,728,468 |
| Arizona Industrial Development Authority, Mater Academy of Nevada, Bonanza Campus Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/15/50 (a) | 1,500,000 | 1,365,939 |
| Arizona Industrial Development Authority, Heritage Academy Gateway & Laveen Projects, Revenue Bonds | ||
| Series C | ||
| 6.00%, due 7/1/29 (a) | 1,600,000 | 1,578,343 |
| Arizona Industrial Development Authority, American Charter Schools Foundation, Revenue Bonds (a) | ||
| 6.00%, due 7/1/37 | 2,465,000 | 2,498,366 |
| 6.00%, due 7/1/47 | 7,010,000 | 7,059,531 |
| City of Phoenix, Basis Schools Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/46 (a) | 3,820,000 | 3,625,448 |
| City of Phoenix, Downtown Phoenix Student Housing II LLC, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/59 | 2,370,000 | 2,244,105 |
| City of Phoenix, Espiritu Community Development Corp., Revenue Bonds | ||
| Series A | ||
| 6.25%, due 7/1/36 | 720,000 | 710,644 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Arizona | ||
| Glendale Industrial Development Authority, Midwestern University Foundation, Revenue Bonds | ||
| Series A | ||
| 2.125%, due 7/1/33 (b) | $ 1,823,141 | $ 1,510,731 |
| Glendale Industrial Development Authority, People of Faith, Inc. Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 5/15/56 | 8,150,000 | 7,165,584 |
| Industrial Development Authority of the City of Phoenix Arizona (The), Downtown Phoenix Student Housing II LLC, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/54 | 1,330,000 | 1,273,996 |
| Industrial Development Authority of the County of Pima (The), American Leadership Academy Project, Revenue Bonds (a) | ||
| 4.00%, due 6/15/51 | 3,815,000 | 2,819,663 |
| 4.00%, due 6/15/57 | 5,685,000 | 4,043,354 |
| 5.625%, due 6/15/45 | 810,000 | 784,761 |
| Industrial Development Authority of the County of Pima (The), Charter Schools Project, Revenue Bonds | ||
| Series Q | ||
| 5.375%, due 7/1/31 | 700,000 | 700,094 |
| Maricopa County Industrial Development Authority, Legacy Traditional School Project, Revenue Bonds (a) | ||
| Series A | ||
| 4.00%, due 7/1/51 | 530,000 | 418,932 |
| Series A | ||
| 4.00%, due 7/1/56 | 1,220,000 | 937,560 |
| Maricopa County Industrial Development Authority, Horizon Community Learning Center, Revenue Bonds | ||
| 5.00%, due 7/1/35 | 3,000,000 | 3,000,657 |
| Maricopa County Pollution Control Corp., El Paso Electric Co. Project, Revenue Bonds | ||
| Series B | ||
| 3.60%, due 4/1/40 | 8,650,000 | 7,811,940 |
| Pinal County Industrial Development Authority, WOF SW GGP 1 LLC, Revenue Bonds (b)(f) | ||
| Series A | ||
| 5.50%, due 10/1/33 (a) | 7,673,000 | 8,042,055 |
| Series B | ||
| 5.50%, due 10/1/33 | 2,000,000 | 2,096,196 |
| 115,604,467 | ||
| Arkansas 0.9% | ||
| Arkansas Development Finance Authority, Baptist Health, Revenue Bonds | ||
| 4.00%, due 12/1/44 | 650,000 | 594,409 |
| Arkansas Development Finance Authority, United States Steel Corp. Project, Revenue Bonds (b) | ||
| Series B | ||
| 4.25%, due 9/1/46 (a)(c) | 70,000,000 | 69,692,322 |
| 5.70%, due 5/1/53 | 7,900,000 | 8,111,787 |
| Fayetteville Public Facilities Board, Butterfield Trail Village Project, Revenue Bonds | ||
| 5.25%, due 12/1/46 | 860,000 | 879,282 |
| 5.50%, due 12/1/54 | 1,000,000 | 1,017,747 |
| 5.50%, due 12/1/60 | 2,025,000 | 2,041,609 |
| 82,337,156 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California 5.4% | ||
| Alameda Corridor Transportation Authority, Revenue Bonds | ||
| Series A, Insured: NATL-RE | ||
| (zero coupon), due 10/1/35 | $ 3,440,000 | $ 2,438,188 |
| Bassett Unified School District, Capital Appreciation, Election 2004, Unlimited General Obligation | ||
| Series C, Insured: NATL-RE | ||
| (zero coupon), due 8/1/41 | 2,050,000 | 1,071,807 |
| Series C, Insured: NATL-RE | ||
| (zero coupon), due 8/1/42 | 2,000,000 | 999,701 |
| Burbank-Glendale-Pasadena Airport Authority, Brick Campaign, Revenue Bonds | ||
| Series B, Insured: AG | ||
| 4.625%, due 7/1/51 (b) | 4,000,000 | 3,879,207 |
| California Community Choice Financing Authority, Clean Energy Project, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 3/1/36 | 19,900,000 | 20,438,500 |
| Series C | ||
| 5.25%, due 1/1/54 (c) | 5,350,000 | 5,609,958 |
| California Community Housing Agency, Summit at Sausalito Apartments, Revenue Bonds | ||
| Series A-1 | ||
| 3.00%, due 2/1/57 (a) | 3,500,000 | 2,326,969 |
| California Community Housing Agency, Essential Housing, Revenue Bonds, Senior Lien | ||
| Series A-1 | ||
| 4.00%, due 2/1/56 (a) | 34,500,000 | 27,422,025 |
| California Community Housing Agency, Essential Housing, Serenity at Larkspur Apartments, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 2/1/50 (a) | 856,741 | 16,278 |
| California County Tobacco Securitization Agency, Los Angeles County Securitization Corp., Revenue Bonds | ||
| Series B-2 | ||
| (zero coupon), due 6/1/55 | 9,935,000 | 1,656,980 |
| California Enterprise Development Authority, Provident Group-Pomona Properties LLC, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/15/39 | 650,000 | 671,210 |
| Series A | ||
| 5.00%, due 1/15/45 | 1,000,000 | 1,005,028 |
| California Health Facilities Financing Authority, CommonSpirit Health, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 4/1/49 | 250,000 | 260,612 |
| Series A | ||
| 4.00%, due 4/1/49 | 7,005,000 | 6,239,170 |
| California Infrastructure & Economic Development Bank, Equitable School Revolving Fund LLC Obligated Group, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 11/1/46 | 3,060,000 | 2,805,200 |
| California Infrastructure & Economic Development Bank, WFCS Portfolio Projects, Revenue Bonds | ||
| Series A-1 | ||
| 5.00%, due 1/1/55 (a) | 3,225,000 | 2,762,281 |
| California Municipal Finance Authority, Ochard Park Student Housing Project, Revenue Bonds | ||
| Insured: BAM | ||
| 3.00%, due 5/15/51 | 3,095,000 | 2,283,521 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| California Municipal Finance Authority, Ochard Park Student Housing Project, Revenue Bonds | ||
| Insured: BAM | ||
| 3.00%, due 5/15/54 | $ 1,500,000 | $ 1,071,634 |
| California Municipal Finance Authority, LINXS APM Project, Revenue Bonds, Senior Lien (b) | ||
| Series A, Insured: AG | ||
| 3.25%, due 12/31/32 | 3,660,000 | 3,469,865 |
| Series A, Insured: AG | ||
| 4.00%, due 12/31/47 | 9,380,000 | 8,511,644 |
| Series A | ||
| 5.00%, due 12/31/43 | 5,645,000 | 5,693,324 |
| California Municipal Finance Authority, Republic Services, Inc., Revenue Bonds (b)(c) | ||
| Series A | ||
| 3.875%, due 3/1/54 | 15,500,000 | 15,518,753 |
| Series A | ||
| 4.375%, due 9/1/53 | 3,750,000 | 3,880,850 |
| California Municipal Finance Authority, HumanGood California Obligated Group, Revenue Bonds | ||
| 4.00%, due 10/1/49 | 1,785,000 | 1,539,611 |
| California Municipal Finance Authority, Revenue Bonds | ||
| Series 1, Class A-2 | ||
| 4.05%, due 7/20/41 (c) | 4,144,506 | 3,711,108 |
| California Municipal Finance Authority, William Jessup University, Revenue Bonds (a) | ||
| 5.00%, due 8/1/28 | 950,000 | 896,748 |
| 5.00%, due 8/1/48 | 2,675,000 | 1,765,567 |
| California Municipal Finance Authority, Charter School, Palmdale Aerospace Academy Projects (The), Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/46 (a) | 2,665,000 | 2,529,272 |
| California Municipal Finance Authority, Gateways Hospital and Mental Health Center, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 9/1/46 | 1,350,000 | 1,341,795 |
| Series A | ||
| 5.25%, due 9/1/55 | 1,875,000 | 1,884,893 |
| California Municipal Finance Authority, CHF-Davis I LLC, West Village Student Housing Project, Revenue Bonds | ||
| Insured: BAM | ||
| 5.00%, due 5/15/48 | 19,250,000 | 19,368,436 |
| Insured: BAM | ||
| 5.00%, due 5/15/51 | 15,570,000 | 15,627,260 |
| California Municipal Finance Authority, Baptist University, Revenue Bonds | ||
| Series A | ||
| 5.375%, due 11/1/40 (a) | 3,000,000 | 2,996,904 |
| California Municipal Finance Authority, Community Health Centers of The Central Coast, Inc., Revenue Bonds | ||
| Series A | ||
| 5.75%, due 12/1/55 | 3,000,000 | 3,115,642 |
| California Public Finance Authority, Enso Village Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/15/46 (a) | 750,000 | 703,995 |
| California Public Finance Authority, California University of Science & Medicine Obligated Group, Revenue Bonds | ||
| Series A | ||
| 6.25%, due 7/1/54 (a) | 5,265,000 | 5,431,026 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| California Public Finance Authority, California University of Science & Medicine, Revenue Bonds | ||
| Series B | ||
| 7.50%, due 7/1/36 (a) | $ 7,470,000 | $ 7,456,801 |
| California School Finance Authority, Vista Charter Public Schools, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 6/1/51 (a) | 2,910,000 | 2,293,188 |
| California School Finance Authority, Hawking STEAM Charter Schools, Inc., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/42 (a) | 1,360,000 | 1,363,848 |
| California School Finance Authority, High Tech High Learning Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/49 (a) | 3,000,000 | 2,871,600 |
| California School Finance Authority, Teach Public Schools, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/58 (a) | 2,000,000 | 1,783,417 |
| California School Finance Authority, Aspire Public Schools Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 8/1/59 (a) | 1,800,000 | 1,627,262 |
| California Statewide Communities Development Authority, Southern California Edison Co., Revenue Bonds | ||
| Series A | ||
| 1.75%, due 9/1/29 | 7,200,000 | 6,764,552 |
| California Statewide Communities Development Authority, Community Infrastructure Program, Special Assessment | ||
| Series A | ||
| 4.00%, due 9/2/41 | 1,000,000 | 913,441 |
| Series A | ||
| 4.00%, due 9/2/51 | 995,000 | 833,056 |
| California Statewide Communities Development Authority, Methodist Hospital of Southern California, Revenue Bonds | ||
| 4.375%, due 1/1/48 | 2,185,000 | 2,095,275 |
| 5.00%, due 1/1/48 | 7,150,000 | 7,216,271 |
| California Statewide Communities Development Authority, Lancer Educational Student Housing Project, Revenue Bonds (a) | ||
| Series A | ||
| 5.00%, due 6/1/36 | 2,250,000 | 2,250,580 |
| Series A | ||
| 5.00%, due 6/1/46 | 2,000,000 | 1,962,025 |
| California Statewide Communities Development Authority, Loma Linda University Medical Center, Revenue Bonds (a) | ||
| Series A | ||
| 5.00%, due 12/1/46 | 17,190,000 | 17,190,804 |
| Series A | ||
| 5.25%, due 12/1/56 | 3,970,000 | 3,970,252 |
| Cathedral City Public Financing Authority, Capital Appreciation, Tax Allocation | ||
| Series A, Insured: NATL-RE | ||
| (zero coupon), due 8/1/26 | 1,085,000 | 1,085,000 |
| City of Los Angeles, Department of Airports, Revenue Bonds, Senior Lien | ||
| Series G | ||
| 5.00%, due 5/15/47 (b) | 6,000,000 | 6,099,872 |
| City of South San Francisco, Community Facilities District No. 2021-01, Special Tax | ||
| 5.00%, due 9/1/52 | 1,500,000 | 1,490,056 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| CMFA Special Finance Agency VIII, Elan Huntington Beach, Revenue Bonds, Senior Lien | ||
| Series A-1 | ||
| 3.00%, due 8/1/56 (a) | $ 1,500,000 | $ 1,004,138 |
| CMFA Special Finance Agency XII, Allure Apartments, Revenue Bonds, Senior Lien | ||
| Series A-1 | ||
| 3.25%, due 2/1/57 (a) | 5,500,000 | 3,814,196 |
| County of Placer, Community Facilities District No. 2017-1, Area No. 1, Special Tax | ||
| 3.00%, due 9/1/41 | 1,000,000 | 786,895 |
| 4.00%, due 9/1/51 | 3,270,000 | 2,749,975 |
| CSCDA Community Improvement Authority, Pasadena Portfolio, Revenue Bonds, Senior Lien | ||
| Series A-2 | ||
| 3.00%, due 12/1/56 (a) | 2,750,000 | 1,891,177 |
| CSCDA Community Improvement Authority, Theo Pasadena, Revenue Bonds, Senior Lien | ||
| Series A-2 | ||
| 3.25%, due 5/1/57 (a) | 11,100,000 | 7,634,561 |
| CSCDA Community Improvement Authority, Oceanaire Long Beach, Revenue Bonds | ||
| Series A-2 | ||
| 4.00%, due 9/1/56 (a) | 10,060,000 | 7,646,057 |
| CSCDA Community Improvement Authority, Altana Glendale, Revenue Bonds | ||
| Series A-2 | ||
| 4.00%, due 10/1/56 (a) | 9,100,000 | 6,932,338 |
| CSCDA Community Improvement Authority, Escondido Portfolio, Revenue Bonds | ||
| Series A-2 | ||
| 4.00%, due 6/1/58 (a) | 4,750,000 | 3,641,330 |
| Foothill-Eastern Transportation Corridor Agency, Revenue Bonds | ||
| Series B-2, Insured: AG-CR | ||
| 3.50%, due 1/15/53 | 13,265,000 | 10,631,493 |
| Foothill-Eastern Transportation Corridor Agency, Revenue Bonds, Junior Lien | ||
| Series C, Insured: AG-CR | ||
| 4.00%, due 1/15/43 | 16,904,000 | 16,457,160 |
| Foothill-Eastern Transportation Corridor Agency, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 4.00%, due 1/15/46 | 11,059,000 | 10,214,319 |
| Series A, Insured: AG-CR | ||
| 4.00%, due 1/15/46 | 27,795,000 | 26,184,113 |
| Golden State Connect Authority, Broadband Project, Revenue Bonds | ||
| 6.50%, due 12/1/60 (a) | 5,000,000 | 4,843,321 |
| Golden State Tobacco Securitization Corp., Asset-Backed, Revenue Bonds | ||
| Series B-2 | ||
| (zero coupon), due 6/1/66 | 272,155,000 | 25,538,127 |
| Golden State Tobacco Securitization Corp., Tobacco Settlement, Revenue Bonds | ||
| Series B-1 | ||
| 3.85%, due 6/1/50 | 11,130,000 | 10,063,245 |
| Hastings Campus Housing Finance Authority, Green Bond, Revenue Bonds, Senior Lien (a) | ||
| Series A | ||
| 5.00%, due 7/1/45 | 11,880,000 | 11,535,810 |
| Series A | ||
| 5.00%, due 7/1/61 | 58,600,000 | 53,195,609 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| Inland Empire Tobacco Securitization Corp., Revenue Bonds | ||
| Series D | ||
| (zero coupon), due 6/1/57 | $ 246,450,000 | $ 20,387,527 |
| Northern California Gas Authority No. 1, Gas Project, Revenue Bonds | ||
| Series B | ||
| 3.391%, due 7/1/27 | 6,350,000 | 6,324,050 |
| Riverside County Transportation Commission, Revenue Bonds, Senior Lien | ||
| Series B-1 | ||
| 3.00%, due 6/1/49 | 1,945,000 | 1,505,821 |
| Rohnerville School District, Election 2010, Unlimited General Obligation | ||
| Series B, Insured: AG | ||
| (zero coupon), due 8/1/42 | 1,000,000 | 505,706 |
| Series B, Insured: AG | ||
| (zero coupon), due 8/1/47 | 1,000,000 | 387,275 |
| San Diego County Regional Airport Authority, Revenue Bonds | ||
| Series B, Insured: AG-CR | ||
| 4.00%, due 7/1/56 (b) | 11,160,000 | 9,491,818 |
| San Joaquin Hills Transportation Corridor Agency, Revenue Bonds, Senior Lien | ||
| Series A, Insured: AG-CR | ||
| 4.00%, due 1/15/50 | 4,550,000 | 4,131,895 |
| Santa Ana Unified School District, Capital Appreciation, Election 2008, Unlimited General Obligation | ||
| Series B, Insured: AG | ||
| (zero coupon), due 8/1/47 | 24,400,000 | 8,661,295 |
| Sierra Kings Health Care District, Unlimited General Obligation | ||
| 5.00%, due 8/1/37 | 2,465,000 | 2,465,443 |
| Stockton Unified School District, Capital Appreciation, Election 2008, Unlimited General Obligation | ||
| Series D, Insured: AG | ||
| (zero coupon), due 8/1/42 | 8,780,000 | 4,556,778 |
| Tobacco Securitization Authority of Southern California, San Diego County Tobacco Asset Securitization Corp., Asset-Backed, Revenue Bonds | ||
| Series B-2 | ||
| (zero coupon), due 6/1/54 | 18,500,000 | 3,265,241 |
| West Contra Costa Healthcare District, Special Tax | ||
| 3.00%, due 7/1/42 | 5,620,000 | 4,666,326 |
| 521,325,301 | ||
| Colorado 3.0% | ||
| 3rd and Havana Metropolitan District, Tax Supported, Limited General Obligation | ||
| Series A | ||
| 5.25%, due 12/1/49 | 2,250,000 | 1,921,085 |
| Allison Valley Metropolitan District No. 2, Limited General Obligation | ||
| 4.70%, due 12/1/47 | 2,450,000 | 2,280,222 |
| Arkansas River Power Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/38 | 6,900,000 | 6,987,130 |
| Series A | ||
| 5.00%, due 10/1/43 | 7,025,000 | 7,088,051 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Colorado | ||
| Bent Grass Metropolitan District, Limited General Obligation | ||
| 5.75%, due 12/1/54 (a) | $ 4,250,000 | $ 4,342,419 |
| Broadway Park North Metropolitan District No. 2, Limited General Obligation (a) | ||
| 5.00%, due 12/1/40 | 1,000,000 | 1,000,993 |
| 5.00%, due 12/1/49 | 1,000,000 | 946,961 |
| Broadway Station Metropolitan District No. 2, Limited General Obligation | ||
| Series A | ||
| 5.125%, due 12/1/48 | 3,000,000 | 2,070,003 |
| Centerra South Metropolitan District No. 1, Revenue Bonds (a) | ||
| Series A | ||
| 5.625%, due 12/1/46 | 12,480,000 | 12,048,465 |
| Series A | ||
| 6.25%, due 12/1/55 | 5,000,000 | 5,028,362 |
| Citadel on Colfax Business Improvement District, Revenue Bonds | ||
| Series A | ||
| 5.35%, due 12/1/50 | 3,300,000 | 3,103,351 |
| City & County of Denver, Airport System, Revenue Bonds (b) | ||
| Series A | ||
| 5.00%, due 11/15/47 | 8,500,000 | 8,618,453 |
| Series A | ||
| 5.50%, due 11/15/53 | 7,700,000 | 7,993,689 |
| City of Fruita Healthcare, Canyons Hospital & Medical Center Project, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 1/1/48 (a) | 9,650,000 | 9,173,120 |
| Colorado Educational & Cultural Facilities Authority, Denver School of Science & Technology, Inc., Revenue Bonds | ||
| Insured: BAM Moral Obligation State Intercept | ||
| 3.00%, due 8/1/51 | 3,420,000 | 2,285,462 |
| Colorado Educational & Cultural Facilities Authority, New Summit Academy, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/41 (a) | 3,050,000 | 2,481,120 |
| Colorado Educational & Cultural Facilities Authority, New Vision Chater School, Revenue Bonds | ||
| Series A, Insured: BAM Moral Obligation | ||
| 4.00%, due 6/1/42 | 2,635,000 | 2,376,332 |
| Series A, Insured: BAM Moral Obligation | ||
| 4.00%, due 6/1/52 | 4,700,000 | 3,911,500 |
| Series A, Insured: BAM Moral Obligation | ||
| 4.00%, due 6/1/56 | 6,255,000 | 5,119,825 |
| Colorado Educational & Cultural Facilities Authority, Liberty Common School Project, Revenue Bonds | ||
| Series A, Insured: BAM Moral Obligation | ||
| 4.25%, due 1/15/64 | 21,105,000 | 18,075,892 |
| Colorado Educational & Cultural Facilities Authority, Ascent Classical Academy Charter Schools, Inc. Project, Revenue Bonds | ||
| Series A, Insured: State Higher Education Intercept Program | ||
| 4.75%, due 4/1/36 (a) | 9,000,000 | 8,736,044 |
| Colorado Health Facilities Authority, CommonSpirit Health, Revenue Bonds | ||
| Series A-2, Insured: BAM | ||
| 3.25%, due 8/1/49 | 11,600,000 | 9,018,420 |
| Series A-1 | ||
| 4.00%, due 8/1/44 | 4,750,000 | 4,336,226 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Colorado | ||
| Colorado Health Facilities Authority, CommonSpirit Health, Revenue Bonds | ||
| Series A-2 | ||
| 4.00%, due 8/1/49 | $ 21,105,000 | $ 18,215,707 |
| Series A-2 | ||
| 5.00%, due 8/1/44 | 11,425,000 | 11,607,629 |
| Colorado Health Facilities Authority, Covenant Retirement Communities, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/48 | 10,565,000 | 10,522,999 |
| Colorado Health Facilities Authority, Bethesda Project, Revenue Bonds | ||
| Series A-1 | ||
| 5.00%, due 9/15/53 | 12,500,000 | 11,859,925 |
| Copper Ridge Metropolitan District, Revenue Bonds | ||
| 5.00%, due 12/1/39 | 3,750,000 | 3,753,758 |
| Cottonwood Creek Metropolitan District No. 5, Limited General Obligation | ||
| (zero coupon), due 12/1/55 (a)(f) | 5,000,000 | 4,041,375 |
| Denver Health & Hospital Authority, 550 Acoma, Inc., Certificate of Participation | ||
| 5.00%, due 12/1/48 | 1,755,000 | 1,718,060 |
| Denver Health & Hospital Authority, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 12/1/45 | 4,250,000 | 4,250,738 |
| E-470 Public Highway Authority, Revenue Bonds | ||
| Series B, Insured: NATL-RE | ||
| (zero coupon), due 9/1/29 | 4,510,000 | 4,119,151 |
| Series B, Insured: NATL-RE | ||
| (zero coupon), due 9/1/30 | 500,000 | 440,872 |
| Series B, Insured: NATL-RE | ||
| (zero coupon), due 9/1/35 | 2,245,000 | 1,428,547 |
| Series B, Insured: NATL-RE | ||
| (zero coupon), due 9/1/37 | 1,170,000 | 672,968 |
| Series A | ||
| (zero coupon), due 9/1/39 | 1,800,000 | 1,040,328 |
| Series B, Insured: NATL-RE | ||
| (zero coupon), due 9/1/39 | 515,000 | 267,656 |
| Series A | ||
| (zero coupon), due 9/1/40 | 3,450,000 | 1,887,469 |
| Series A | ||
| (zero coupon), due 9/1/41 | 3,925,000 | 2,038,234 |
| Evan's Place Metropolitan District, Limited General Obligation | ||
| Series A-3 | ||
| 5.00%, due 12/1/50 | 2,660,000 | 2,499,578 |
| Flying Horse North Metropolitan District No. 5, Limited General Obligation | ||
| Series A | ||
| (zero coupon), due 12/1/55 (f) | 3,870,000 | 2,916,531 |
| Granary Metropolitan District No. 9, Special Assessment | ||
| 5.45%, due 12/1/44 (a) | 3,040,000 | 3,077,769 |
| Green Gables Metropolitan District No. 2, Limited General Obligation | ||
| Series A, Insured: BAM | ||
| 5.125%, due 12/1/53 | 675,000 | 675,060 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Colorado | ||
| Green Gables Metropolitan District No. 2, Limited General Obligation | ||
| Series A, Insured: BAM | ||
| 5.25%, due 12/1/58 | $ 575,000 | $ 576,887 |
| Green Valley Ranch East Metropolitan District No. 6, Limited General Obligation | ||
| Series A-3 | ||
| 5.875%, due 12/1/50 | 3,550,000 | 3,591,580 |
| Green Valley Ranch East Metropolitan District No. 9, Limited General Obligation | ||
| Series A | ||
| (zero coupon), due 12/1/55 (f) | 1,615,000 | 1,338,695 |
| Jefferson Center Metropolitan District No. 2, Revenue Bonds | ||
| Series A | ||
| 6.00%, due 12/1/56 (a) | 7,500,000 | 7,484,343 |
| Johnstown Plaza Metropolitan District, Limited General Obligation | ||
| 4.25%, due 12/1/46 | 16,811,000 | 16,341,573 |
| Jones District Community Authority Board, Revenue Bonds | ||
| Series A | ||
| 5.75%, due 12/1/50 (f) | 2,825,000 | 2,766,838 |
| Lafferty Canyon Metropolitan District, Limited General Obligation | ||
| Series A | ||
| 5.625%, due 12/1/55 | 1,500,000 | 1,512,967 |
| North Range Metropolitan District No. 3, Limited General Obligation | ||
| Series A-3 | ||
| 5.25%, due 12/1/50 | 1,000,000 | 1,003,834 |
| Park Creek Metropolitan District, Revenue Bonds, Senior Lien | ||
| Series A, Insured: AG | ||
| 4.00%, due 12/1/37 | 2,790,000 | 2,747,497 |
| Series A, Insured: AG | ||
| 4.00%, due 12/1/46 | 10,000,000 | 9,196,753 |
| Prairie Center Metropolitan District No. 3, Limited General Obligation | ||
| Series A | ||
| 5.875%, due 12/15/46 | 2,125,000 | 2,229,907 |
| Prairie Ridge Metropolitan District No. 1, Limited General Obligation | ||
| Series A | ||
| 6.125%, due 12/1/55 | 3,545,000 | 3,553,174 |
| Schmer Farm Metropolitan District, Limited General Obligation | ||
| 6.25%, due 12/1/56 | 2,095,000 | 2,073,874 |
| Southglenn Metropolitan District, Special Revenue, Limited General Obligation | ||
| 5.00%, due 12/1/46 | 2,100,000 | 1,987,303 |
| Tailholt Metropolitan District No. 3, Limited General Obligation | ||
| Series A-2 | ||
| (zero coupon), due 12/1/54 (f) | 4,000,000 | 3,400,612 |
| Village Metropolitan District (The), Special Revenue and Limited Property Tax, Limited General Obligation | ||
| 5.00%, due 12/1/40 | 750,000 | 746,069 |
| Villages at Castle Rock Metropolitan District No. 6, Limited General Obligation | ||
| Series A, Insured: AG-CR | ||
| 4.125%, due 12/1/51 (a) | 17,949,000 | 15,598,966 |
| 292,128,351 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Connecticut 0.4% | ||
| City of New Haven, Unlimited General Obligation | ||
| Series A | ||
| 4.00%, due 8/1/40 | $ 2,000,000 | $ 1,859,999 |
| City of West Haven, Unlimited General Obligation | ||
| Insured: BAM | ||
| 4.00%, due 9/15/41 | 1,130,000 | 1,075,580 |
| Connecticut State Health & Educational Facilities Authority, University of Hartford (The), Revenue Bonds | ||
| Series N | ||
| 4.00%, due 7/1/39 | 5,550,000 | 4,805,523 |
| Series N | ||
| 4.00%, due 7/1/44 | 3,500,000 | 2,889,646 |
| Series N | ||
| 4.00%, due 7/1/49 | 500,000 | 386,930 |
| Series N | ||
| 5.00%, due 7/1/31 | 575,000 | 579,787 |
| Series N | ||
| 5.00%, due 7/1/33 | 475,000 | 476,153 |
| Series N | ||
| 5.00%, due 7/1/34 | 700,000 | 700,708 |
| Connecticut State Health & Educational Facilities Authority, Jerome Home, Revenue Bonds | ||
| Series E | ||
| 4.00%, due 7/1/51 | 1,250,000 | 999,936 |
| Connecticut State Health & Educational Facilities Authority, McLean Issue, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/30 (a) | 400,000 | 401,638 |
| Connecticut State Health & Educational Facilities Authority, University of New Haven, Inc., Revenue Bonds | ||
| Series K-3 | ||
| 5.00%, due 7/1/48 | 5,085,000 | 4,660,777 |
| Connecticut State Health & Educational Facilities Authority, Griffin Health Obligated Group, Revenue Bonds | ||
| Series G-1 | ||
| 5.00%, due 7/1/50 (a) | 1,750,000 | 1,581,046 |
| Connecticut State Health & Educational Facilities Authority, Church Home of Hartford Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 9/1/53 (a) | 2,235,000 | 2,111,672 |
| Connecticut State Health & Educational Facilities Authority, Mary Wade Home Issue, Revenue Bonds | ||
| Series A-1 | ||
| 5.00%, due 10/1/54 (a) | 1,000,000 | 802,671 |
| Connecticut State Health & Educational Facilities Authority, Fairview Issue, Revenue Bonds | ||
| Series A | ||
| 5.875%, due 12/15/46 | 1,805,000 | 1,816,323 |
| Series A | ||
| 6.25%, due 12/15/53 | 2,000,000 | 2,017,605 |
| Series A | ||
| 6.375%, due 12/15/61 | 2,235,000 | 2,253,439 |
| Connecticut State Higher Education Supplement Loan Authority, Chesla Loan Program, Revenue Bonds | ||
| Series B, Insured: BAM | ||
| 3.25%, due 11/15/35 (b) | 3,420,000 | 3,105,094 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Connecticut | ||
| Hartford Stadium Authority, Stadium Authority Lease, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 2/1/36 | $ 1,370,000 | $ 1,370,866 |
| Steel Point Infrastructure Improvement District, Steelpointe Harbor Project, Tax Allocation (a) | ||
| 4.00%, due 4/1/31 | 700,000 | 695,846 |
| 4.00%, due 4/1/36 | 1,090,000 | 1,040,373 |
| 4.00%, due 4/1/41 | 1,785,000 | 1,610,035 |
| 4.00%, due 4/1/51 | 1,250,000 | 983,941 |
| 38,225,588 | ||
| Delaware 0.4% | ||
| County of Kent, Student Housing & Dining Facility, CHF-Dover LLC, Delaware State University Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/40 | 1,050,000 | 1,048,006 |
| Series A | ||
| 5.00%, due 7/1/48 | 2,735,000 | 2,580,662 |
| Series A | ||
| 5.00%, due 7/1/53 | 4,040,000 | 3,690,540 |
| Series A | ||
| 5.00%, due 7/1/58 | 8,100,000 | 7,243,894 |
| Delaware State Economic Development Authority, Newark Charter School, Inc., Revenue Bonds | ||
| 4.00%, due 9/1/51 | 1,600,000 | 1,297,072 |
| 5.00%, due 9/1/50 | 2,100,000 | 2,021,020 |
| Delaware State Economic Development Authority, ACTS Retirement-Life Communities, Inc. Obligated Group, Revenue Bonds | ||
| Series B | ||
| 5.25%, due 11/15/53 | 4,790,000 | 4,823,934 |
| Delaware State Health Facilities Authority, Beebe Medical Center, Revenue Bonds | ||
| 4.25%, due 6/1/38 | 2,135,000 | 2,020,331 |
| 5.00%, due 6/1/37 | 1,000,000 | 1,012,338 |
| Delaware State Health Facilities Authority, Beebe Medical Center, Inc., Revenue Bonds | ||
| Insured: BAM | ||
| 4.375%, due 6/1/48 | 9,300,000 | 8,261,357 |
| Town of Bridgeville, Heritage Shores Special Development District, Special Tax | ||
| 5.625%, due 7/1/53 (a) | 3,000,000 | 3,033,623 |
| 37,032,777 | ||
| District of Columbia 1.5% | ||
| District of Columbia, KIPP DC Project, Revenue Bonds | ||
| 4.00%, due 7/1/49 | 3,420,000 | 2,854,279 |
| District of Columbia, Provident Group-Howard Properties LLC, Revenue Bonds | ||
| 5.00%, due 10/1/30 | 1,030,000 | 1,030,005 |
| 5.00%, due 10/1/45 | 5,055,000 | 4,767,059 |
| District of Columbia, International School Obligated Group, Revenue Bonds | ||
| 5.00%, due 7/1/54 | 2,550,000 | 2,403,661 |
| District of Columbia, Revenue Bonds | ||
| 5.00%, due 6/1/55 | 4,110,000 | 3,635,358 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| District of Columbia | ||
| Metropolitan Washington Airports Authority, Dulles Toll Road, Revenue Bonds, Senior Lien | ||
| Series B | ||
| (zero coupon), due 10/1/39 | $ 5,005,000 | $ 2,711,515 |
| Metropolitan Washington Airports Authority, Dulles Toll Road, Revenue Bonds, Sub. Lien | ||
| Series B | ||
| 4.00%, due 10/1/49 | 90,710,000 | 78,239,815 |
| Metropolitan Washington Airports Authority, Revenue Bonds, Sub. Lien | ||
| Series B, Insured: BAM | ||
| 4.00%, due 10/1/49 | 9,185,000 | 8,153,096 |
| Metropolitan Washington Airports Authority, Dulles Toll Road, Metrorail & Capital Improvement Project, Revenue Bonds, Senior Lien | ||
| Series A, Insured: AG | ||
| 4.00%, due 10/1/52 | 4,000,000 | 3,450,303 |
| Metropolitan Washington Airports Authority, Dulles Toll Road, Metrorail & Capital Improvement Project, Revenue Bonds, Sub. Lien | ||
| Series B, Insured: AG | ||
| 4.00%, due 10/1/53 | 12,950,000 | 11,106,772 |
| Metropolitan Washington Airports Authority, Dulles Metrorail and Capital Improvement Projects, Revenue Bonds, Sub. Lien | ||
| Series B | ||
| 4.00%, due 10/1/53 | 1,000,000 | 834,242 |
| Metropolitan Washington Airports Authority, Airport System, Revenue Bonds (b) | ||
| Series A | ||
| 5.00%, due 10/1/32 | 15,750,000 | 15,783,051 |
| Series A | ||
| 5.00%, due 10/1/46 | 7,795,000 | 7,901,225 |
| 142,870,381 | ||
| Florida 3.5% | ||
| Babcock Ranch Community Independent Special District, 2022 Project, Special Assessment | ||
| 5.00%, due 5/1/53 | 7,335,000 | 6,886,956 |
| Brightshore Community Development District, Special Assessment | ||
| 5.30%, due 5/1/46 | 1,250,000 | 1,213,280 |
| 5.70%, due 5/1/57 | 4,295,000 | 4,147,170 |
| Buckhead Trails II Community Development District, Project, Special Assessment | ||
| 5.50%, due 5/1/46 | 500,000 | 500,106 |
| 5.80%, due 5/1/56 | 1,000,000 | 987,171 |
| Capital Projects Finance Authority, Provident Group - Continuum Properties LLC, Revenue Bonds, Senior Lien | ||
| Series A-1 | ||
| 5.00%, due 11/1/53 | 3,125,000 | 2,812,651 |
| Capital Trust Agency, Inc., Wonderful Foundations Charter School, Revenue Bonds | ||
| Series B | ||
| (zero coupon), due 1/1/60 | 16,000,000 | 1,414,302 |
| Series A-1 | ||
| 5.00%, due 1/1/55 (a) | 1,750,000 | 1,478,148 |
| Capital Trust Agency, Inc., Odyssey Charter School, Inc., Revenue Bonds | ||
| Series A | ||
| 5.50%, due 7/1/47 (a) | 2,000,000 | 2,001,785 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Florida | ||
| Capital Trust Authority Educational Facilities, St. Johns Classical Academy, Inc. Project, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 6/15/59 (a) | $ 1,000,000 | $ 896,198 |
| Celebration Community Development District, Assessment Area 1 Project, Special Assessment | ||
| 3.125%, due 5/1/41 | 590,000 | 483,976 |
| 4.00%, due 5/1/51 | 845,000 | 680,009 |
| CFM Community Development District, Capital Improvement, Special Assessment | ||
| 3.35%, due 5/1/41 | 200,000 | 160,183 |
| 4.00%, due 5/1/51 | 290,000 | 228,073 |
| Charlotte County Industrial Development Authority, MSKP Town & Country Utility LLC, Revenue Bonds | ||
| 5.00%, due 10/1/49 (a) | 1,700,000 | 1,631,053 |
| City of Atlantic Beach, Fleet Landing Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/15/48 | 3,000,000 | 2,938,965 |
| Series B | ||
| 5.625%, due 11/15/43 | 1,500,000 | 1,500,986 |
| City of Fort Myers, Utility System, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 10/1/49 | 10,155,000 | 9,001,973 |
| City of Pompano Beach, John Knox Village Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 9/1/51 | 650,000 | 537,561 |
| Series A | ||
| 4.00%, due 9/1/56 | 4,915,000 | 3,950,250 |
| Collier County Health Facilities Authority, Moorings, Inc. Obligated Group (The), Revenue Bonds | ||
| 4.00%, due 5/1/52 | 7,900,000 | 6,508,420 |
| Cordova Palms Community Development District, Special Assessment | ||
| 3.00%, due 5/1/41 | 725,000 | 579,293 |
| County of Osceola, Transportation, Revenue Bonds | ||
| Series A-1, Insured: AG-CR | ||
| 4.00%, due 10/1/54 | 4,345,000 | 3,750,846 |
| Series A-1 | ||
| 5.00%, due 10/1/44 | 11,000,000 | 11,058,661 |
| County of Palm Beach, Palm Beach Atlantic University Project, Revenue Bonds | ||
| Series A | ||
| 5.75%, due 10/1/65 (a) | 10,500,000 | 10,705,473 |
| Cypress Ridge Community Development District, Assessment Area One Project, Special Assessment | ||
| 5.625%, due 5/1/43 | 895,000 | 916,302 |
| 5.875%, due 5/1/53 | 715,000 | 724,435 |
| Elevation Pointe Community Development District, Special Assessment | ||
| Series A-1 | ||
| 4.60%, due 5/1/52 | 1,090,000 | 975,589 |
| Epperson North Community Development District, Assessment Area 3, Special Assessment | ||
| Series A | ||
| 3.40%, due 11/1/41 | 3,030,000 | 2,491,403 |
| Epperson North Community Development District, Assessment Area 2, Special Assessment | ||
| 3.50%, due 5/1/41 | 1,385,000 | 1,175,981 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Florida | ||
| Escambia County Health Facilities Authority, Baptist Hospital, Inc., Revenue Bonds | ||
| Series A, Insured: AG-CR | ||
| 4.00%, due 8/15/50 | $ 4,865,000 | $ 4,196,558 |
| Florida Development Finance Corp., UF Health Jacksonville Project, Revenue Bonds | ||
| Series A, Insured: AG-CR | ||
| 4.00%, due 2/1/52 | 14,005,000 | 11,697,808 |
| Series A | ||
| 5.00%, due 2/1/40 | 2,600,000 | 2,616,990 |
| Series A | ||
| 5.00%, due 2/1/52 | 1,650,000 | 1,511,082 |
| Florida Development Finance Corp., River City Education Obligated Group, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/55 | 1,375,000 | 1,037,483 |
| Florida Development Finance Corp., Florida Charter Foundation, Inc. Project, Revenue Bonds | ||
| Series A | ||
| 4.75%, due 7/15/36 (a) | 4,755,000 | 4,716,515 |
| Florida Development Finance Corp., Mater Academy Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/15/47 | 1,700,000 | 1,664,655 |
| Series A | ||
| 5.00%, due 6/15/50 | 3,000,000 | 2,885,502 |
| Series A | ||
| 5.00%, due 6/15/52 | 1,275,000 | 1,219,813 |
| Series A | ||
| 5.00%, due 6/15/55 | 25,510,000 | 24,211,663 |
| Florida Development Finance Corp., Cornerstone Classical Academy, Inc. Project, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 6/1/44 (a) | 3,185,000 | 3,101,176 |
| Florida Higher Educational Facilities Financial Authority, Ringling College Project, Revenue Bonds | ||
| 5.00%, due 3/1/47 | 4,750,000 | 4,398,932 |
| Florida Higher Educational Facilities Financing Authority, Ringling College Project, Revenue Bonds | ||
| 4.00%, due 3/1/47 | 6,515,000 | 5,176,473 |
| Florida Higher Educational Facilities Financing Authority, Saint Leo University Project, Revenue Bonds | ||
| 5.00%, due 3/1/44 | 1,370,000 | 1,058,969 |
| 5.00%, due 3/1/49 | 1,630,000 | 1,173,221 |
| Groves at Lake Marion Community Development District, Special Assessment | ||
| 5.60%, due 12/15/55 (a) | 700,000 | 686,467 |
| Hillsborough County Industrial Development Authority, Tampa General Hospital Project, Revenue Bonds | ||
| Series A | ||
| 3.50%, due 8/1/55 | 3,800,000 | 2,860,513 |
| Series A | ||
| 4.00%, due 8/1/50 | 13,005,000 | 11,203,481 |
| Series A, Insured: BAM | ||
| 4.00%, due 8/1/50 | 40,340,000 | 35,522,508 |
| Series A | ||
| 4.00%, due 8/1/55 | 52,185,000 | 43,878,896 |
| Lakewood Ranch Stewardship District, Star Farms at Lakewood Ranch Project Phase 1 and 2, Special Assessment | ||
| 3.00%, due 5/1/41 | 545,000 | 442,453 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Florida | ||
| Lakewood Ranch Stewardship District, Star Farms at Lakewood Ranch Project Phase 1 and 2, Special Assessment | ||
| 4.00%, due 5/1/52 | $ 655,000 | $ 531,695 |
| Laurel Road Community Development District, Special Assessment | ||
| 5.30%, due 5/1/46 | 2,400,000 | 2,304,472 |
| Lee County Industrial Development Authority, Revenue Bonds | ||
| Series A-1 | ||
| 4.00%, due 4/1/49 | 4,015,000 | 3,427,323 |
| Lee County Industrial Development Authority, Cypress Cove at Healthpark Florida Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 10/1/52 | 1,850,000 | 1,737,879 |
| Madeira Community Development District, Assessment Area No. 2, Special Assessment | ||
| 5.50%, due 5/1/45 | 875,000 | 878,399 |
| 5.80%, due 5/1/55 | 1,660,000 | 1,632,756 |
| Miami Beach Health Facilities Authority, Mt Sinai Medical Center, Revenue Bonds | ||
| Series B | ||
| 3.00%, due 11/15/51 | 4,190,000 | 2,964,451 |
| Middleton Community Development District A, 2024 Assessment Area, Special Assessment | ||
| 4.55%, due 5/1/44 | 600,000 | 572,741 |
| 4.75%, due 5/1/55 | 1,150,000 | 1,040,058 |
| Mirada II Community Development District, Capital Improvement, Special Assessment | ||
| 3.125%, due 5/1/31 | 495,000 | 459,573 |
| 3.50%, due 5/1/41 | 975,000 | 804,482 |
| Mirada II Community Development District 2021, Capital Improvement, Special Assessment | ||
| 4.00%, due 5/1/51 | 1,865,000 | 1,505,189 |
| New Port Tampa Bay Community Development District, Special Assessment | ||
| 3.50%, due 5/1/31 | 310,000 | 297,772 |
| 4.125%, due 5/1/52 | 365,000 | 299,972 |
| North Powerline Road Community Development District, Special Assessment | ||
| 3.625%, due 5/1/40 | 500,000 | 441,054 |
| 4.00%, due 5/1/51 | 1,075,000 | 878,986 |
| Osceola County Expressway Authority, Poinciana Parkway Project, Revenue Bonds, Senior Lien | ||
| Series B-2 | ||
| 6.00%, due 10/1/36 (f) | 3,700,000 | 4,177,175 |
| Palm Beach County Health Facilities Authority, Toby & Leon Cooperman Sinai residencies of Boca Raton, Revenue Bonds | ||
| 4.00%, due 6/1/36 | 4,000,000 | 3,791,025 |
| Palm Beach County Health Facilities Authority, Lifespace Communities, Inc., Revenue Bonds | ||
| Series B | ||
| 5.625%, due 5/15/61 | 4,000,000 | 4,008,042 |
| PBR Community Development District, Special Assessment | ||
| Series A-1 | ||
| 5.00%, due 3/1/48 | 1,000,000 | 975,408 |
| Series A-2 | ||
| 5.125%, due 3/1/56 | 645,000 | 617,170 |
| Pinellas County Educational Facilities Authority, Pinellas Academy Math & Science Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/15/48 (a) | 3,030,000 | 2,866,257 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Florida | ||
| Polk County Industrial Development Authority, Carpenter's Home Estates, Inc. Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/39 | $ 1,750,000 | $ 1,756,558 |
| Series A | ||
| 5.00%, due 1/1/55 | 800,000 | 752,100 |
| Preston Cove Community Development District, Special Assessment | ||
| 4.00%, due 5/1/42 | 1,825,000 | 1,630,901 |
| Saltleaf Community Development District, Series 2024 Assessments, Special Assessment | ||
| 5.625%, due 5/1/44 | 1,500,000 | 1,511,863 |
| 6.00%, due 5/1/56 | 1,500,000 | 1,505,250 |
| Sawyers Landing Community Development District, Special Assessment | ||
| 3.75%, due 5/1/31 | 1,550,000 | 1,527,417 |
| 4.25%, due 5/1/53 | 3,000,000 | 2,512,589 |
| Shingle Creek at Bronson Community Development District, Special Assessment | ||
| 3.50%, due 6/15/41 | 1,000,000 | 884,042 |
| South Broward Hospital District, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 5/1/51 | 17,550,000 | 12,483,434 |
| Southern Groves Community Development District No. 5, Series 2024 Assessment Area, Special Assessment | ||
| 5.70%, due 5/1/50 | 920,000 | 944,926 |
| Stillwater Community Development District, 2021 Project, Special Assessment (a) | ||
| 3.00%, due 6/15/31 | 385,000 | 359,128 |
| 3.50%, due 6/15/41 | 2,285,000 | 1,902,058 |
| Tradition Community Development District No. 9, Special Assessment | ||
| 3.00%, due 5/1/41 | 1,800,000 | 1,423,647 |
| Tradition Community Development District No. 9, Community Infrastructure, Special Assessment | ||
| 5.40%, due 5/1/45 | 710,000 | 713,757 |
| 5.65%, due 5/1/56 | 880,000 | 864,837 |
| Two Lakes Community Development District, Special Assessment | ||
| 5.00%, due 5/1/55 | 1,500,000 | 1,437,783 |
| Two Rivers North Community Development District, Special Assessment | ||
| 5.25%, due 5/1/52 | 1,500,000 | 1,486,170 |
| V-Dana Community Development District, Special Assessment | ||
| 3.625%, due 5/1/41 | 1,040,000 | 925,933 |
| Veranda Community Development District II, Special Assessment | ||
| 3.60%, due 5/1/41 (a) | 235,000 | 209,153 |
| Viera Stewardship District, Village 2 Project, Special Assessment | ||
| Series 2 | ||
| 5.30%, due 5/1/43 | 2,335,000 | 2,371,761 |
| Series 2 | ||
| 5.50%, due 5/1/54 | 3,300,000 | 3,232,028 |
| Village Community Development District No. 15, Special Assessment (a) | ||
| 4.55%, due 5/1/44 | 985,000 | 944,749 |
| 4.80%, due 5/1/55 | 3,220,000 | 2,993,045 |
| 5.00%, due 5/1/43 | 840,000 | 849,816 |
| 5.25%, due 5/1/54 | 2,630,000 | 2,611,846 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Florida | ||
| Windward at Lakewood Ranch Community Development District, Phase 2 Project, Special Assessment | ||
| 4.00%, due 5/1/42 | $ 1,765,000 | $ 1,559,606 |
| 4.25%, due 5/1/52 | 2,205,000 | 1,834,159 |
| 335,038,792 | ||
| Georgia 1.5% | ||
| Atlanta Urban Redevelopment Agency, Atlanta BeltLine Special Service District, Revenue Bonds | ||
| Insured: BAM | ||
| 3.625%, due 7/1/42 (a) | 5,355,000 | 4,639,028 |
| Brookhaven Development Authority, Children's Healthcare of Atlanta, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/49 | 9,600,000 | 8,654,566 |
| Columbia County Hospital Authority, WellStar Health System, Revenue Bonds | ||
| Series A | ||
| 5.75%, due 4/1/53 | 10,500,000 | 11,120,960 |
| DeKalb County Development Authority, GLOBE Academy, Inc. (The), Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/50 | 300,000 | 281,804 |
| Series A | ||
| 5.00%, due 6/1/55 | 400,000 | 367,352 |
| Series A | ||
| 5.00%, due 6/1/63 | 1,315,000 | 1,174,831 |
| Development Authority of Burke County (The), Oglethorpe Power Corp. Vogtle Project, Revenue Bonds | ||
| Series C | ||
| 4.125%, due 11/1/45 | 18,145,000 | 17,071,308 |
| Series D | ||
| 4.125%, due 11/1/45 | 7,000,000 | 6,568,739 |
| Development Authority of Cobb County Student Housing, KSU Housing Real Estate Foundations Projects, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.00%, due 6/15/57 | 1,000,000 | 1,012,038 |
| Development Authority of Cobb County Student Housing, KSU Housing Real Estate Foundations Projects, Revenue Bonds | ||
| Series B | ||
| 5.25%, due 6/15/57 | 750,000 | 751,994 |
| Fulton County Residential Care Facilities for the Elderly Authority, Lenbrook Square Foundation, Inc., Revenue Bonds | ||
| 5.00%, due 7/1/42 | 1,150,000 | 1,150,134 |
| Gainesville & Hall County Development Authority, Riverside Military Academy, Inc., Revenue Bonds | ||
| 5.125%, due 3/1/52 | 1,500,000 | 525,000 |
| George L Smith II Congress Center Authority, Convention Centre Hotel, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 1/1/54 | 4,750,000 | 3,926,091 |
| Series B | ||
| 5.00%, due 1/1/54 (a) | 4,000,000 | 3,770,487 |
| Main Street Natural Gas, Inc., Revenue Bonds | ||
| Series A | ||
| 4.00%, due 5/15/39 | 2,225,000 | 2,093,332 |
| Series A | ||
| 5.00%, due 5/15/38 | 3,500,000 | 3,643,072 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Georgia | ||
| Municipal Electric Authority of Georgia, Project One Subordinated Bonds, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 4.00%, due 1/1/49 | $ 14,150,000 | $ 12,733,030 |
| Municipal Electric Authority of Georgia, Plant Vogtle Units 3&4 Project, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 1/1/49 | 11,335,000 | 9,943,256 |
| Series B, Insured: BAM | ||
| 4.00%, due 1/1/49 | 56,515,000 | 50,855,633 |
| Municipal Electric Authority of Georgia, Plant Vogtle Units 3 & 4 Project, Revenue Bonds | ||
| Series A, Insured: AG-CR | ||
| 4.00%, due 1/1/59 | 5,000,000 | 4,276,796 |
| Series A, Insured: AG | ||
| 5.00%, due 7/1/52 | 1,500,000 | 1,520,169 |
| 146,079,620 | ||
| Guam 0.2% | ||
| Guam Department of Education, John F. Kennedy High School Refunding & Energy Efficiency Project, Certificate of Participation | ||
| Series A | ||
| 4.25%, due 2/1/30 | 970,000 | 962,657 |
| Series A | ||
| 5.00%, due 2/1/40 | 4,825,000 | 4,742,323 |
| Guam Government Waterworks Authority, Water and Wastewater System, Revenue Bonds | ||
| 5.00%, due 7/1/40 | 230,000 | 230,683 |
| Series A | ||
| 5.00%, due 1/1/50 | 7,370,000 | 7,496,485 |
| Port Authority of Guam, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/48 | 2,350,000 | 2,361,207 |
| Territory of Guam, Business Privilege Tax, Revenue Bonds | ||
| Series F | ||
| 4.00%, due 1/1/36 | 5,820,000 | 5,731,085 |
| 21,524,440 | ||
| Hawaii 0.4% | ||
| Kauai County Community Facilities District No. 2008-1, Kukui'ula Development Project, Special Tax | ||
| 4.375%, due 5/15/42 | 2,300,000 | 2,236,015 |
| 5.00%, due 5/15/49 | 4,250,000 | 4,137,561 |
| 5.00%, due 5/15/51 | 5,585,000 | 5,372,121 |
| State of Hawaii, Department of Budget & Finance, Revenue Bonds | ||
| 3.20%, due 7/1/39 | 2,750,000 | 2,329,881 |
| State of Hawaii, Airports System, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 7/1/54 (b) | 5,000,000 | 5,251,099 |
| State of Hawaii Department of Budget & Finance, Hawaiian Electric Co., Inc., Revenue Bonds | ||
| Insured: AG-CR | ||
| 3.50%, due 10/1/49 (b) | 25,800,000 | 21,375,519 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Hawaii | ||
| State of Hawaii Department of Budget & Finance, Chaminade University of Honolulu, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/45 (a) | $ 1,500,000 | $ 1,338,587 |
| 42,040,783 | ||
| Idaho 0.1% | ||
| Idaho Health Facilities Authority, St. Luke's Health System Ltd., Revenue Bonds | ||
| Series A, Insured: AG-CR | ||
| 3.00%, due 3/1/51 | 4,000,000 | 2,781,045 |
| Idaho Health Facilities Authority, Madison Memorial Hospital, Revenue Bonds | ||
| 5.00%, due 9/1/37 | 2,100,000 | 2,077,310 |
| Idaho Housing & Finance Association, Gem Prep: Meridian Project, Revenue Bonds | ||
| Series A, Insured: School Bond Guaranty | ||
| 4.00%, due 5/1/57 | 4,315,000 | 3,449,282 |
| Spring Valley Community Infrastructure District No. 1, Assessment Area Two, Special Assessment | ||
| 6.25%, due 9/1/54 (a) | 4,000,000 | 4,072,638 |
| 12,380,275 | ||
| Illinois 8.6% | ||
| Bridgeview Finance Corp., Sales Tax, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 5.00%, due 12/1/42 | 7,150,000 | 7,212,854 |
| Chicago Board of Education, Capital Appreciation, School Reform, Unlimited General Obligation | ||
| Series A, Insured: NATL-RE | ||
| (zero coupon), due 12/1/27 | 5,125,000 | 4,886,112 |
| Series B-1, Insured: NATL-RE | ||
| (zero coupon), due 12/1/30 | 12,900,000 | 10,862,655 |
| Series A, Insured: NATL-RE | ||
| (zero coupon), due 12/1/31 | 170,000 | 136,742 |
| Series B-1, Insured: NATL-RE | ||
| (zero coupon), due 12/1/31 | 1,095,000 | 880,779 |
| Chicago Board of Education, Unlimited General Obligation | ||
| Series B | ||
| 4.00%, due 12/1/38 | 3,750,000 | 3,278,867 |
| Series A | ||
| 4.00%, due 12/1/42 | 2,965,000 | 2,513,279 |
| Series A | ||
| 4.00%, due 12/1/43 | 4,000,000 | 3,343,702 |
| Series A, Insured: BAM | ||
| 4.00%, due 12/1/47 | 43,945,000 | 37,028,598 |
| Series A | ||
| 5.00%, due 12/1/30 | 3,500,000 | 3,546,646 |
| Series B | ||
| 5.00%, due 12/1/31 | 4,650,000 | 4,713,761 |
| Series A | ||
| 5.00%, due 12/1/37 | 13,405,000 | 13,158,446 |
| Series A | ||
| 5.00%, due 12/1/38 | 5,150,000 | 5,002,483 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Illinois | ||
| Chicago Board of Education, Unlimited General Obligation | ||
| Series A | ||
| 5.00%, due 12/1/42 | $ 10,205,000 | $ 9,725,602 |
| Series D | ||
| 5.00%, due 12/1/46 | 11,600,000 | 10,500,914 |
| Series D | ||
| 5.00%, due 12/1/46 | 1,500,000 | 1,367,890 |
| Series H | ||
| 5.00%, due 12/1/46 | 6,470,000 | 5,856,975 |
| Series A | ||
| 5.00%, due 12/1/47 | 33,695,000 | 30,103,184 |
| Series A | ||
| 5.75%, due 12/1/50 | 15,000,000 | 15,073,989 |
| Chicago Board of Education, Dedicated Capital Improvement, Unlimited General Obligation | ||
| Series C | ||
| 5.00%, due 12/1/34 | 2,270,000 | 2,272,400 |
| Series H | ||
| 5.00%, due 12/1/36 | 1,915,000 | 1,897,249 |
| Series G | ||
| 5.00%, due 12/1/44 | 2,785,000 | 2,569,180 |
| Chicago Board of Education, Dedicated Capital Improvement, Revenue Bonds | ||
| 5.00%, due 4/1/35 | 1,615,000 | 1,637,132 |
| 5.00%, due 4/1/36 | 1,270,000 | 1,285,292 |
| Insured: BAM | ||
| 5.00%, due 4/1/42 | 3,500,000 | 3,507,126 |
| 5.00%, due 4/1/46 | 4,650,000 | 4,559,338 |
| 5.75%, due 4/1/48 | 5,750,000 | 6,019,084 |
| 6.00%, due 4/1/46 | 41,400,000 | 41,859,594 |
| Chicago O'Hare International Airport, TrIPs Obligated Group, Revenue Bonds | ||
| 5.00%, due 7/1/38 (b) | 1,500,000 | 1,518,473 |
| Chicago O'Hare International Airport, General, Revenue Bonds, Senior Lien | ||
| Series A, Insured: AG | ||
| 5.50%, due 1/1/53 (b) | 4,690,000 | 4,802,359 |
| Chicago O'Hare International Airport, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.50%, due 1/1/55 (b) | 1,750,000 | 1,786,666 |
| City of Chicago, City Colleges Capital Improvement Project, Unlimited General Obligation | ||
| Insured: NATL-RE | ||
| (zero coupon), due 1/1/34 | 300,000 | 219,199 |
| City of Chicago, Unlimited General Obligation | ||
| Series A | ||
| 5.00%, due 1/1/44 | 5,575,000 | 5,322,924 |
| Series A | ||
| 5.50%, due 1/1/49 | 495,000 | 495,523 |
| Series A | ||
| 6.00%, due 1/1/38 | 35,215,000 | 35,368,090 |
| City of Marion, STAR Bond District Project Area No. 1, Revenue Bonds | ||
| 6.625%, due 6/1/55 | 7,160,000 | 7,190,109 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Illinois | ||
| Illinois Finance Authority, Midwestern University Foundation, Revenue Bonds | ||
| Series A | ||
| 2.25%, due 7/1/33 (b) | $ 500,000 | $ 430,176 |
| Illinois Finance Authority, University of Illinois Health Services, Revenue Bonds | ||
| 4.00%, due 10/1/50 | 13,850,000 | 11,632,443 |
| 4.00%, due 10/1/55 | 14,590,000 | 11,897,617 |
| Illinois Finance Authority, Learn Charter School Project, Revenue Bonds | ||
| 4.00%, due 11/1/51 | 1,600,000 | 1,332,777 |
| 4.00%, due 11/1/56 | 750,000 | 609,181 |
| Illinois Finance Authority, Rosalind Franklin University of Medicine & Science, Revenue Bonds | ||
| Series C | ||
| 4.25%, due 8/1/42 | 2,900,000 | 2,546,317 |
| Illinois Finance Authority, Friendship Village Schaumburg, Revenue Bonds (d)(e) | ||
| 5.00%, due 2/15/37 | 6,576,870 | 197,306 |
| 5.125%, due 2/15/45 | 5,096,517 | 152,896 |
| Illinois Finance Authority, Columbia College Chicago, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/37 | 9,650,000 | 8,994,752 |
| Illinois Finance Authority, Christian Homes, Inc., Revenue Bonds | ||
| 5.00%, due 5/15/40 (d)(e) | 381,519 | 3,815 |
| Illinois Finance Authority, Navy Pier, Inc., Revenue Bonds | ||
| Series B | ||
| 5.00%, due 10/1/44 (a) | 750,000 | 738,973 |
| Illinois Finance Authority, Franciscan Communities, Inc., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 5/15/47 | 1,155,000 | 1,103,074 |
| Illinois Finance Authority, Chicago International School Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/47 | 3,000,000 | 2,856,314 |
| Illinois Finance Authority, Rosalind Franklin University of Medicine and Science, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 8/1/49 | 1,300,000 | 1,211,066 |
| Illinois Finance Authority, Student Housing & Academic Facility, CHF-Chicago LLC, University of Illinois at Chicago Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 2/15/50 | 7,985,000 | 7,248,782 |
| Illinois Finance Authority, Roosevelt University, Revenue Bonds (a) | ||
| Series A | ||
| 6.00%, due 4/1/38 | 2,680,000 | 2,709,088 |
| Series A | ||
| 6.125%, due 4/1/49 | 900,000 | 894,704 |
| Series A | ||
| 6.125%, due 4/1/58 | 1,455,000 | 1,413,441 |
| Macon County School District No. 61, Unlimited General Obligation | ||
| Series C, Insured: AG | ||
| 4.00%, due 1/1/40 | 2,500,000 | 2,367,984 |
| Series C, Insured: AG | ||
| 4.00%, due 1/1/45 | 2,875,000 | 2,666,669 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Illinois | ||
| Metropolitan Pier & Exposition Authority, McCormick Place Expansion Project, Revenue Bonds | ||
| Series A, Insured: AG-CR NATL-RE | ||
| (zero coupon), due 6/15/30 | $ 5,675,000 | $ 4,973,552 |
| Series A, Insured: NATL-RE | ||
| (zero coupon), due 12/15/32 | 37,700,000 | 29,717,270 |
| Series A, Insured: NATL-RE | ||
| (zero coupon), due 6/15/33 | 1,165,000 | 897,463 |
| Series A, Insured: NATL-RE | ||
| (zero coupon), due 12/15/33 | 2,250,000 | 1,695,788 |
| Series A, Insured: NATL-RE | ||
| (zero coupon), due 6/15/34 | 45,315,000 | 33,369,336 |
| Series A, Insured: NATL-RE | ||
| (zero coupon), due 12/15/36 | 33,795,000 | 22,039,173 |
| Series A, Insured: NATL-RE | ||
| (zero coupon), due 6/15/37 | 6,000,000 | 3,804,072 |
| Series A | ||
| (zero coupon), due 6/15/37 | 3,000,000 | 1,885,916 |
| Series A, Insured: NATL-RE | ||
| (zero coupon), due 12/15/37 | 29,910,000 | 18,468,689 |
| Series A, Insured: NATL-RE | ||
| (zero coupon), due 6/15/38 | 14,365,000 | 8,614,850 |
| Series A | ||
| (zero coupon), due 12/15/39 | 3,500,000 | 1,899,522 |
| Series A, Insured: AG-CR NATL-RE | ||
| (zero coupon), due 12/15/40 | 27,700,000 | 14,635,115 |
| Series B-1, Insured: AG | ||
| (zero coupon), due 6/15/43 | 32,130,000 | 14,933,896 |
| Series B-1, Insured: AG | ||
| (zero coupon), due 6/15/44 | 13,660,000 | 5,994,003 |
| Series B-1, Insured: AG | ||
| (zero coupon), due 6/15/47 | 6,270,000 | 2,297,503 |
| Series B | ||
| (zero coupon), due 12/15/50 | 37,865,000 | 10,897,365 |
| Series B | ||
| (zero coupon), due 12/15/51 | 57,100,000 | 15,509,759 |
| Series A, Insured: AG | ||
| (zero coupon), due 12/15/52 | 6,180,000 | 1,639,811 |
| Series B, Insured: BAM | ||
| (zero coupon), due 12/15/54 | 56,510,000 | 13,430,732 |
| Series A, Insured: BAM | ||
| (zero coupon), due 12/15/56 | 51,050,000 | 10,885,555 |
| Series B, Insured: AG | ||
| (zero coupon), due 12/15/56 | 32,250,000 | 6,876,771 |
| Series A, Insured: BAM | ||
| 4.00%, due 12/15/42 | 2,500,000 | 2,364,725 |
| Series A | ||
| 4.00%, due 6/15/50 | 23,900,000 | 20,285,536 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Illinois | ||
| Metropolitan Pier & Exposition Authority, McCormick Place Expansion Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 6/15/52 | $ 29,500,000 | $ 24,566,051 |
| Series B | ||
| 5.00%, due 6/15/42 | 1,430,000 | 1,457,404 |
| Series A | ||
| 5.00%, due 6/15/50 | 12,825,000 | 12,731,054 |
| Metropolitan Pier & Exposition Authority, Mccormick Place Expansion Project, Revenue Bonds | ||
| Series A | ||
| (zero coupon), due 12/15/38 | 3,750,000 | 2,162,802 |
| Metropolitan Pier & Exposition Authority, Revenue Bonds | ||
| Series B-1, Insured: AG | ||
| (zero coupon), due 6/15/45 | 3,150,000 | 1,304,400 |
| Metropolitan Pier & Exposition Authority, State of Illinois McCormick Place Expansion Project Fund, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 12/15/47 | 3,550,000 | 3,092,972 |
| Northern Illinois University, Auxiliary Facilities System, Revenue Bonds | ||
| Insured: BAM | ||
| 4.00%, due 10/1/40 | 1,245,000 | 1,177,194 |
| Insured: BAM | ||
| 4.00%, due 10/1/41 | 1,660,000 | 1,557,335 |
| Northern Illinois University, Certificate of Participation | ||
| Insured: BAM | ||
| 5.50%, due 4/1/49 | 2,000,000 | 2,069,383 |
| Sangamon County Water Reclamation District, Alternative Revenue Source, Unlimited General Obligation | ||
| Series A, Insured: BAM | ||
| 4.00%, due 1/1/49 | 13,600,000 | 12,042,406 |
| State of Illinois, Unlimited General Obligation | ||
| Insured: BAM | ||
| 4.00%, due 6/1/41 | 27,720,000 | 26,307,297 |
| Series C | ||
| 4.00%, due 10/1/41 | 7,550,000 | 7,037,206 |
| Series C, Insured: BAM | ||
| 4.00%, due 10/1/42 | 8,650,000 | 8,144,503 |
| Series C, Insured: AG-CR | ||
| 4.25%, due 10/1/45 | 23,200,000 | 21,926,972 |
| Series A | ||
| 5.00%, due 12/1/27 | 2,315,000 | 2,377,192 |
| Series B | ||
| 5.00%, due 12/1/27 | 8,915,000 | 9,154,501 |
| 5.00%, due 2/1/28 | 2,700,000 | 2,727,753 |
| Series C | ||
| 5.00%, due 11/1/29 | 14,135,000 | 14,452,499 |
| Series A | ||
| 5.00%, due 12/1/31 | 1,485,000 | 1,515,667 |
| Series A | ||
| 5.00%, due 12/1/39 | 2,400,000 | 2,425,440 |
| 5.75%, due 5/1/45 | 16,820,000 | 17,613,416 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Illinois | ||
| State of Illinois, Rebuild Illinois Program, Unlimited General Obligation | ||
| Series C | ||
| 4.00%, due 11/1/41 | $ 19,300,000 | $ 17,973,609 |
| Upper Illinois River Valley Development Authority, Morris Hospital Obligated Group, Revenue Bonds | ||
| 5.00%, due 12/1/43 | 1,600,000 | 1,591,743 |
| 5.00%, due 12/1/48 | 13,055,000 | 12,814,159 |
| Village of Bellwood, Bellwood Workforce Housing Project, Tax Allocation | ||
| 5.00%, due 12/1/50 | 1,750,000 | 1,720,877 |
| Village of Bridgeview, Unlimited General Obligation | ||
| Series A | ||
| 5.125%, due 12/1/44 | 100,000 | 90,907 |
| Series A | ||
| 5.50%, due 12/1/43 | 1,545,000 | 1,496,630 |
| Series A | ||
| 5.50%, due 12/1/43 | 1,260,000 | 1,211,231 |
| Series A | ||
| 5.625%, due 12/1/41 | 3,940,000 | 3,879,966 |
| Series A | ||
| 5.75%, due 12/1/35 | 2,705,000 | 2,705,942 |
| Village of Oak Lawn, Corporate Purpose, Unlimited General Obligation | ||
| Insured: NATL-RE | ||
| 4.40%, due 12/1/26 | 205,000 | 204,518 |
| Insured: NATL-RE | ||
| 4.45%, due 12/1/28 | 430,000 | 423,997 |
| Insured: NATL-RE | ||
| 4.50%, due 12/1/30 | 475,000 | 475,058 |
| Insured: NATL-RE | ||
| 4.50%, due 12/1/32 | 520,000 | 491,705 |
| Insured: NATL-RE | ||
| 4.50%, due 12/1/34 | 575,000 | 575,053 |
| Village of Riverdale, Unlimited General Obligation | ||
| 8.00%, due 10/1/36 | 1,495,000 | 1,497,933 |
| Village of Romeoville, Lewis University, Revenue Bonds | ||
| Series B | ||
| 4.125%, due 10/1/41 | 3,750,000 | 3,222,859 |
| Series B | ||
| 5.00%, due 10/1/36 | 1,000,000 | 999,967 |
| Series B | ||
| 5.00%, due 10/1/39 | 2,275,000 | 2,208,284 |
| 829,054,878 | ||
| Indiana 0.5% | ||
| City of Mount Vernon, Southern Indiana Gas & Electric Co., Revenue Bonds | ||
| 4.25%, due 9/1/55 (b)(c) | 7,750,000 | 7,798,405 |
| City of Valparaiso, Pratt Paper LLC Project, Revenue Bonds | ||
| 5.00%, due 1/1/54 (a)(b) | 5,000,000 | 4,887,909 |
| County of Warrick, Southern Indiana Gas & Electric Co., Revenue Bonds | ||
| 4.25%, due 9/1/55 (b)(c) | 7,350,000 | 7,395,907 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Indiana | ||
| Indiana Finance Authority, Marian University, Inc., Revenue Bonds | ||
| Series A | ||
| 4.00%, due 9/15/44 | $ 1,090,000 | $ 925,789 |
| Indiana Finance Authority, University of Indianapolis Education Facilities Project, Revenue Bonds | ||
| 5.00%, due 10/1/43 | 2,000,000 | 1,923,104 |
| Indiana Finance Authority, BHI Senior Living, Inc., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/15/53 | 14,750,000 | 14,151,556 |
| Indiana Finance Authority, Marian University Project, Revenue Bonds | ||
| 5.125%, due 9/15/51 | 1,500,000 | 1,450,649 |
| Indiana Finance Authority, Unidy Properties LLC, Revenue Bonds | ||
| 5.25%, due 7/1/55 | 1,000,000 | 887,514 |
| 5.75%, due 7/1/60 | 3,750,000 | 3,550,193 |
| Indiana Finance Authority, Margaret Mary Community Hospital Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.75%, due 3/1/54 | 7,250,000 | 7,383,169 |
| Indiana Finance Authority, United States Steel Corp., Revenue Bonds | ||
| Series A | ||
| 6.75%, due 5/1/39 (b) | 1,250,000 | 1,370,577 |
| 51,724,772 | ||
| Iowa 1.1% | ||
| City of Coralville, Annual Appropriation, Revenue Bonds | ||
| Series B | ||
| 4.25%, due 5/1/37 | 920,000 | 802,134 |
| Series C | ||
| 5.00%, due 5/1/42 | 6,900,000 | 6,721,843 |
| City of Coralville, Annual Appropriation, Tax Allocation | ||
| Series C | ||
| 4.50%, due 5/1/47 | 2,930,000 | 2,506,112 |
| Iowa Finance Authority, Iowa Fertilizer Co. Project, Revenue Bonds | ||
| 5.00%, due 12/1/50 | 15,235,000 | 16,914,110 |
| Iowa Finance Authority, Lifespace Communities, Inc., Revenue Bonds | ||
| Series A | ||
| 5.125%, due 5/15/59 | 10,600,000 | 9,885,544 |
| Iowa Finance Authority, Pella Regional Health Center, Revenue Bonds | ||
| 5.75%, due 12/1/55 | 3,000,000 | 3,062,329 |
| Iowa Higher Education Loan Authority, Des Moines University Project, Revenue Bonds | ||
| 4.00%, due 10/1/45 | 13,850,000 | 11,926,716 |
| Iowa Higher Education Loan Authority, University of Dubuque Project, Revenue Bonds | ||
| 5.00%, due 10/1/45 | 1,500,000 | 1,458,790 |
| 6.00%, due 10/1/55 | 5,000,000 | 5,151,633 |
| Iowa Student Loan Liquidity Corp., Revenue Bonds | ||
| Series C | ||
| 5.00%, due 12/1/54 (b) | 2,500,000 | 2,307,934 |
| Iowa Tobacco Settlement Authority, Capital Appreciation, Revenue Bonds | ||
| Series B-2, Class 2 | ||
| (zero coupon), due 6/1/65 | 181,300,000 | 25,654,657 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Iowa | ||
| Iowa Tobacco Settlement Authority, Revenue Bonds | ||
| Series A-2, Class 1 | ||
| 4.00%, due 6/1/49 | $ 11,100,000 | $ 9,442,114 |
| State of Iowa Board of Regents, University of Iowa Hospitals & Clinics, Revenue Bonds | ||
| Series B, Insured: AG-CR | ||
| 3.00%, due 9/1/61 | 8,700,000 | 5,852,111 |
| 101,686,027 | ||
| Kansas 0.4% | ||
| City of Manhattan, Meadowlark Hills Retirement Community, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 6/1/46 | 1,000,000 | 855,511 |
| Wyandotte County-Kansas City Unified Government, Vacation Village Project Area 4 - Major Multi-Sport Athletic Complex Project, Revenue Bonds | ||
| (zero coupon), due 9/1/34 (a) | 41,525,000 | 24,325,025 |
| Series A | ||
| 5.00%, due 9/1/27 | 1,340,000 | 1,340,176 |
| Wyandotte County-Kansas City Unified Government, Northwest Speedway STAR Bond District Project, Revenue Bonds (a) | ||
| 4.75%, due 3/1/41 | 3,000,000 | 2,907,537 |
| 5.50%, due 3/1/46 | 7,810,000 | 7,762,504 |
| 37,190,753 | ||
| Kentucky 1.0% | ||
| City of Campbellsville, Campbellsville University Project, Revenue Bonds | ||
| 5.00%, due 3/1/39 | 4,430,000 | 4,038,869 |
| City of Columbia, Lindsey Wilson College Project, Revenue Bonds | ||
| 5.00%, due 12/1/33 | 3,355,000 | 3,358,598 |
| City of Henderson, Pratt Paper LLC Project, Revenue Bonds (a)(b) | ||
| Series A | ||
| 4.45%, due 1/1/42 | 7,950,000 | 7,835,801 |
| Series B | ||
| 4.45%, due 1/1/42 | 8,950,000 | 8,821,436 |
| Series A | ||
| 4.70%, due 1/1/52 | 15,565,000 | 14,637,041 |
| Series B | ||
| 4.70%, due 1/1/52 | 5,830,000 | 5,482,425 |
| Kentucky Bond Development Corp., Collegiate Housing Foundation - Bowling Green LLC, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 4.75%, due 7/1/56 | 3,000,000 | 2,882,168 |
| Series A, Insured: AG | ||
| 5.00%, due 7/1/65 | 9,000,000 | 8,841,513 |
| Kentucky Economic Development Finance Authority, Owensboro Health, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/45 | 12,500,000 | 12,396,574 |
| Kentucky Municipal Power Agency, Prairie State Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 9/1/45 | 31,335,000 | 27,977,477 |
| 96,271,902 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Louisiana 1.0% | ||
| Louisiana Local Government Environmental Facilities & Community Development Authority, Peoples of Bastrop LLC Project, Revenue Bonds | ||
| 5.625%, due 6/15/51 (a) | $ 2,500,000 | $ 1,996,490 |
| Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 5/15/47 | 4,750,000 | 3,425,404 |
| Louisiana Public Facilities Authority, Ochsner Clinic Foundation Obligated Group, Revenue Bonds | ||
| 5.00%, due 5/15/47 | 4,700,000 | 4,656,021 |
| Louisiana Public Facilities Authority, Calcasieu Bridge Partners LLC, Revenue Bonds, Senior Lien (b) | ||
| 5.00%, due 9/1/66 | 58,415,000 | 55,472,175 |
| 5.75%, due 9/1/64 | 30,850,000 | 31,762,743 |
| Louisiana Public Facilities Authority, I-10 Calcasieu River Bridge Public-Private Partnership Project, Revenue Bonds, Senior Lien | ||
| 5.50%, due 9/1/54 (b) | 3,900,000 | 3,955,639 |
| 101,268,472 | ||
| Maine 0.0% ‡ | ||
| City of Portland, General Airport, Revenue Bonds | ||
| Insured: BAM | ||
| 4.00%, due 1/1/40 | 1,150,000 | 1,125,678 |
| Maryland 1.1% | ||
| County of Baltimore, Oak Crest Village, Inc. Facility, Revenue Bonds | ||
| 4.00%, due 1/1/45 | 4,000,000 | 3,653,649 |
| County of Frederick, Oakdale Lake Linganore Project, Special Tax | ||
| 3.75%, due 7/1/39 | 1,410,000 | 1,312,360 |
| County of Frederick, Technology Park Project TIF Development District, Special Tax | ||
| Series B | ||
| 4.625%, due 7/1/43 (a) | 9,765,000 | 9,767,189 |
| Maryland Department of Transportation, Baltimore/Washington International Thurgood Marshall Airport, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.25%, due 8/1/49 (b) | 9,000,000 | 9,278,762 |
| Maryland Economic Development Corp., Port Convington Project, Tax Allocation | ||
| 4.00%, due 9/1/50 | 6,750,000 | 5,563,499 |
| Maryland Economic Development Corp., Core Natural Resources, Inc., Revenue Bonds | ||
| 5.00%, due 7/1/48 (a)(c) | 7,900,000 | 8,402,776 |
| Maryland Economic Development Corp., Purple Line Light Project, Green Bond, Revenue Bonds | ||
| Series B | ||
| 5.25%, due 6/30/47 (b) | 30,225,000 | 30,300,100 |
| Maryland Economic Development Corp., Purple Line Transit Partners LLC, Revenue Bonds | ||
| Series B | ||
| 5.25%, due 6/30/55 (b) | 4,425,000 | 4,333,545 |
| Maryland Economic Development Corp., Morgan State University Harper-Tubman Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.75%, due 7/1/64 | 2,955,000 | 3,162,133 |
| Maryland Health & Higher Educational Facilities Authority, Stevenson University, Inc., Revenue Bonds | ||
| Series A | ||
| 4.00%, due 6/1/46 | 750,000 | 662,502 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Maryland | ||
| Maryland Health & Higher Educational Facilities Authority, Adventist Healthcare, Inc., Revenue Bonds | ||
| Series B, Insured: BAM | ||
| 4.00%, due 1/1/51 | $ 20,110,000 | $ 17,719,470 |
| Maryland Health & Higher Educational Facilities Authority, Stevenson University, Inc. Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 6/1/55 | 900,000 | 740,520 |
| Maryland Health & Higher Educational Facilities Authority, Broadmead Issue, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/38 | 1,000,000 | 1,018,395 |
| Series A | ||
| 5.00%, due 7/1/48 | 3,000,000 | 3,017,574 |
| Maryland Health & Higher Educational Facilities Authority, Green Street Academy Inc., Revenue Bonds (a) | ||
| Series A | ||
| 5.125%, due 7/1/37 | 1,260,000 | 1,260,982 |
| Series A | ||
| 5.375%, due 7/1/52 | 1,530,000 | 1,468,530 |
| Maryland Health & Higher Educational Facilities Authority, Kennedy Krieger Issue, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 7/1/51 | 3,000,000 | 3,063,093 |
| Series A | ||
| 5.50%, due 7/1/56 | 3,000,000 | 3,101,353 |
| 107,826,432 | ||
| Massachusetts 1.0% | ||
| Massachusetts Development Finance Agency, Wellforce Obligated Group, Revenue Bonds | ||
| Series C, Insured: AG | ||
| 4.00%, due 10/1/45 | 2,150,000 | 1,945,559 |
| Massachusetts Development Finance Agency, Equitable School Revolving Fund LLC, Revenue Bonds | ||
| Series C | ||
| 4.00%, due 11/1/46 | 1,500,000 | 1,375,098 |
| Series C | ||
| 4.00%, due 11/1/51 | 20,000 | 17,370 |
| Massachusetts Development Finance Agency, UMass Memorial Health Care, Inc., Revenue Bonds | ||
| Series N-1, Insured: AG-CR | ||
| 4.50%, due 7/1/54 | 9,250,000 | 8,770,992 |
| Massachusetts Development Finance Agency, Linden Ponds, Inc., Revenue Bonds (a) | ||
| 5.00%, due 11/15/33 | 3,000,000 | 3,075,286 |
| 5.125%, due 11/15/46 | 5,600,000 | 5,645,949 |
| Massachusetts Development Finance Agency, Milford Regional Medical Center, Revenue Bonds | ||
| Series G | ||
| 5.00%, due 7/15/35 | 270,000 | 290,018 |
| Series G | ||
| 5.00%, due 7/15/36 | 235,000 | 252,423 |
| Massachusetts Development Finance Agency, UMass Dartmouth Student Housing Project, Revenue Bonds | ||
| 5.00%, due 10/1/38 | 1,215,000 | 1,156,550 |
| 5.00%, due 10/1/43 | 2,000,000 | 1,884,144 |
| 5.00%, due 10/1/48 | 7,650,000 | 6,875,799 |
| 5.00%, due 10/1/54 | 15,400,000 | 13,407,853 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Massachusetts | ||
| Massachusetts Development Finance Agency, Dexter Southfield, Revenue Bonds | ||
| 5.00%, due 5/1/41 | $ 2,700,000 | $ 2,700,450 |
| Massachusetts Development Finance Agency, Ascentria Care Alliance Project, Revenue Bonds (a) | ||
| 5.00%, due 7/1/41 | 3,875,000 | 3,654,097 |
| 5.00%, due 7/1/51 | 1,505,000 | 1,273,647 |
| 5.00%, due 7/1/56 | 1,405,000 | 1,158,186 |
| Massachusetts Development Finance Agency, CHF Wentworth, Inc. Issue, Revenue Bonds (a) | ||
| Series A | ||
| 5.00%, due 7/1/46 | 1,850,000 | 1,829,016 |
| Series A | ||
| 5.125%, due 7/1/51 | 2,500,000 | 2,405,807 |
| Series A | ||
| 5.375%, due 7/1/56 | 3,275,000 | 3,213,527 |
| Massachusetts Development Finance Agency, UMass Boston Student Housing Project, Revenue Bonds | ||
| 5.00%, due 10/1/48 | 10,040,000 | 9,754,075 |
| Massachusetts Educational Financing Authority, Educational Loan, Revenue Bonds (b) | ||
| Series B | ||
| 2.00%, due 7/1/37 | 2,525,000 | 2,046,856 |
| Series C | ||
| 3.00%, due 7/1/51 | 7,305,000 | 4,741,773 |
| Massachusetts Educational Financing Authority, Revenue Bonds (b) | ||
| Series D | ||
| 5.00%, due 7/1/54 | 10,000,000 | 9,426,122 |
| Series B | ||
| 5.50%, due 7/1/55 | 8,000,000 | 7,827,843 |
| Town of Stoneham, Limited General Obligation | ||
| 2.25%, due 1/15/40 | 4,030,000 | 3,099,707 |
| 97,828,147 | ||
| Michigan 2.2% | ||
| Calhoun County Hospital Finance Authority, Oaklawn Hospital, Revenue Bonds | ||
| 5.00%, due 2/15/41 | 3,415,000 | 3,234,591 |
| 5.00%, due 2/15/47 | 3,000,000 | 2,741,054 |
| Chandler Park Academy, Revenue Bonds | ||
| 5.125%, due 11/1/30 | 700,000 | 688,190 |
| 5.125%, due 11/1/35 | 605,000 | 580,527 |
| City of Detroit, Unlimited General Obligation | ||
| 5.00%, due 4/1/27 | 850,000 | 858,835 |
| 5.00%, due 4/1/33 | 1,200,000 | 1,224,488 |
| 5.00%, due 4/1/35 | 1,000,000 | 1,018,697 |
| 5.00%, due 4/1/37 | 1,100,000 | 1,117,218 |
| 5.00%, due 4/1/38 | 850,000 | 862,227 |
| 5.50%, due 4/1/45 | 1,100,000 | 1,133,425 |
| 5.50%, due 4/1/50 | 6,240,000 | 6,350,097 |
| City of Detroit, Water Supply System, Revenue Bonds, Second Lien | ||
| Series B, Insured: NATL-RE | ||
| 5.00%, due 7/1/34 | 10,000 | 10,018 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Michigan | ||
| Detroit Service Learning Academy, Revenue Bonds | ||
| 4.00%, due 7/1/31 | $ 1,150,000 | $ 1,132,880 |
| 4.00%, due 7/1/41 | 3,600,000 | 3,092,452 |
| Kentwood Economic Development Corp., Holland Home Obligated Group, Revenue Bonds | ||
| 5.00%, due 11/15/41 | 2,085,000 | 2,079,862 |
| Michigan Finance Authority, Tobacco Settlement Asset-Backed, Capital Appreciation, Revenue Bonds, Senior Lien | ||
| Series B | ||
| (zero coupon), due 6/1/45 | 48,300,000 | 13,010,687 |
| Michigan Finance Authority, Tobacco Settlement Asset-Backed, Revenue Bonds, Senior Lien | ||
| Series B-2, Class 2 | ||
| (zero coupon), due 6/1/65 | 284,320,000 | 28,528,271 |
| Michigan Finance Authority, Calvin University Obligated Group, Revenue Bonds | ||
| 4.00%, due 9/1/46 | 4,470,000 | 3,873,149 |
| Michigan Finance Authority, Wayne County Criminal Justice Center Project, Revenue Bonds, Senior Lien | ||
| 4.00%, due 11/1/48 | 6,650,000 | 6,014,243 |
| Michigan Finance Authority, Henry Ford Health System, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 4.00%, due 11/15/50 | 4,945,000 | 4,289,895 |
| Michigan Finance Authority, College for Creative Studies, Revenue Bonds | ||
| 5.00%, due 12/1/36 | 1,000,000 | 998,940 |
| 5.00%, due 12/1/40 | 1,700,000 | 1,631,361 |
| 5.00%, due 12/1/45 | 4,400,000 | 4,135,773 |
| Michigan Finance Authority, Lawrence Technological University, Revenue Bonds | ||
| 5.00%, due 2/1/37 | 1,550,000 | 1,496,073 |
| 5.25%, due 2/1/32 | 3,350,000 | 3,355,265 |
| Michigan Finance Authority, Landmark Academy, Revenue Bonds | ||
| 5.00%, due 6/1/45 | 2,920,000 | 2,744,160 |
| Michigan Finance Authority, Lawrence Technological University Project, Revenue Bonds | ||
| 5.00%, due 2/1/47 | 2,195,000 | 1,995,914 |
| Michigan Finance Authority, Presbyterian Villages of Michigan Obligated Group, Revenue Bonds | ||
| 5.50%, due 11/15/45 | 1,004,822 | 892,666 |
| Michigan Finance Authority, Universal Learning Academy, Revenue Bonds | ||
| 5.75%, due 11/1/40 | 2,630,000 | 2,636,743 |
| Michigan Finance Authority, Public School Academy-Voyageur, Revenue Bonds | ||
| 5.90%, due 7/15/46 (a) | 1,855,000 | 1,790,278 |
| Michigan Municipal Bond Authority, Local Government Loan Program, Revenue Bonds | ||
| Series A, Insured: AMBAC | ||
| 4.50%, due 5/1/31 | 305,000 | 303,182 |
| Michigan Strategic Fund, Holland Home Obligated Group, Revenue Bonds | ||
| 5.00%, due 11/15/42 | 1,765,000 | 1,750,378 |
| Michigan Strategic Fund, I-75 Improvement Project, Revenue Bonds | ||
| 5.00%, due 6/30/48 (b) | 23,475,000 | 23,077,200 |
| Michigan Tobacco Settlement Finance Authority, Capital Appreciation, Revenue Bonds | ||
| Series B | ||
| (zero coupon), due 6/1/46 | 272,855,000 | 38,802,846 |
| Series B | ||
| (zero coupon), due 6/1/52 | 23,170,000 | 2,914,387 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Michigan | ||
| Michigan Tobacco Settlement Finance Authority, Capital Appreciation, Revenue Bonds | ||
| Series C | ||
| (zero coupon), due 6/1/58 | $ 419,350,000 | $ 6,823,747 |
| Richfield Public School Academy, Revenue Bonds | ||
| 4.00%, due 9/1/30 | 750,000 | 733,684 |
| State of Michigan, Trunk Line, Revenue Bonds | ||
| 5.25%, due 11/15/49 | 31,180,000 | 32,813,218 |
| Summit Academy North, Michigan Public School Academy, Revenue Bonds | ||
| 4.00%, due 11/1/41 | 2,875,000 | 2,438,936 |
| 213,175,557 | ||
| Minnesota 1.1% | ||
| City of Crookston, Riverview Healthcare Project, Revenue Bonds | ||
| 5.00%, due 5/1/51 | 6,390,000 | 2,950,117 |
| City of Forest Lake, Lakes International Language Academy Project, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 8/1/43 | 300,000 | 300,866 |
| Series A | ||
| 5.375%, due 8/1/50 | 1,250,000 | 1,219,964 |
| City of Ham Lake, Parnassus Preparatory School Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/1/47 | 3,250,000 | 3,115,434 |
| City of Independence, Global Academy Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/51 | 1,400,000 | 1,075,886 |
| Series A | ||
| 4.00%, due 7/1/56 | 1,080,000 | 795,259 |
| City of Minneapolis, Twin Cities International School Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/47 (a) | 3,785,000 | 3,283,319 |
| City of Rochester, Samaritan Bethany, Inc. Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 8/1/48 | 925,000 | 753,644 |
| Duluth Economic Development Authority, Essentia Health Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 2/15/53 | 15,350,000 | 15,178,032 |
| Series A | ||
| 5.25%, due 2/15/53 | 22,465,000 | 22,544,099 |
| Duluth Economic Development Authority, St. Luke's Hospital of Duluth, Revenue Bonds | ||
| Series B | ||
| 5.25%, due 6/15/42 | 4,000,000 | 4,207,124 |
| Series B | ||
| 5.25%, due 6/15/47 | 3,000,000 | 3,101,089 |
| Series B | ||
| 5.25%, due 6/15/52 | 4,750,000 | 4,867,476 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Minnesota | ||
| Minnesota Municipal Gas Agency, Gas Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 9/1/35 | $ 46,100,000 | $ 47,228,150 |
| 110,620,459 | ||
| Mississippi 0.0% ‡ | ||
| Mississippi Business Finance Corp., System Energy Resources, Inc. Project, Revenue Bonds | ||
| 2.375%, due 6/1/44 | 6,700,000 | 4,355,870 |
| Missouri 0.6% | ||
| Branson Industrial Development Authority, Tax Increment, Branson Landing-Retail Project, Tax Allocation | ||
| 5.50%, due 6/1/29 | 1,385,000 | 1,382,022 |
| Cape Girardeau County Industrial Development Authority, Southeast Health, Revenue Bonds | ||
| 4.00%, due 3/1/46 | 1,695,000 | 1,560,667 |
| City of Lees Summit, Department of Airports, Summit Fair Project, Tax Allocation | ||
| 4.875%, due 11/1/37 (a) | 2,970,000 | 2,840,267 |
| Health & Educational Facilities Authority of the State of Missouri, Maryville University of St. Louis, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 6/15/41 | 3,300,000 | 2,888,967 |
| Series A | ||
| 5.00%, due 6/15/45 | 3,270,000 | 3,093,899 |
| Health & Educational Facilities Authority of the State of Missouri, Lutheran Senior Services Project, Revenue Bonds | ||
| 4.00%, due 2/1/42 | 3,750,000 | 3,399,452 |
| Health & Educational Facilities Authority of the State of Missouri, Lake Regional Health System, Revenue Bonds | ||
| 4.00%, due 2/15/51 | 2,125,000 | 1,729,436 |
| Health & Educational Facilities Authority of the State of Missouri, Mercy Health, Revenue Bonds | ||
| 4.00%, due 6/1/53 | 6,915,000 | 5,882,963 |
| 5.00%, due 12/1/52 | 4,400,000 | 4,480,752 |
| Health & Educational Facilities Authority of the State of Missouri, Capital Region Medical Center, Revenue Bonds | ||
| 5.00%, due 11/1/40 | 1,850,000 | 2,005,984 |
| Kansas City Industrial Development Authority, Airport, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 4.00%, due 3/1/57 (b) | 2,400,000 | 2,017,924 |
| Kansas City Industrial Development Authority, Historic Northeast Redevelopment Area, Revenue Bonds (a) | ||
| Series A-1 | ||
| 5.00%, due 6/1/46 | 1,875,000 | 1,880,480 |
| Series A-1 | ||
| 5.00%, due 6/1/54 | 1,250,000 | 1,210,116 |
| Kansas City Land Clearance Redevelopment Authority, Convention Center Hotel Project, Tax Allocation | ||
| Series B | ||
| 5.00%, due 2/1/40 (a) | 6,200,000 | 6,218,721 |
| Lees Summit Industrial Development Authority, Fair Community Improvement District, Special Assessment | ||
| 5.00%, due 5/1/35 | 305,000 | 303,256 |
| 6.00%, due 5/1/42 | 2,800,000 | 2,751,579 |
| Maryland Heights Industrial Development Authority, St. Louis Community Ice Center Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 3/15/49 | 7,500,000 | 5,423,862 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Missouri | ||
| Springfield School District No. R-12, Unlimited General Obligation | ||
| 2.25%, due 3/1/40 | $ 2,000,000 | $ 1,471,544 |
| St. Louis County Industrial Development Authority, Nazareth Living Center Project, Revenue Bonds | ||
| Series A | ||
| 5.125%, due 8/15/45 | 1,900,000 | 1,724,421 |
| St. Louis Land Clearance for Redevelopment Authority, Scottrade Center Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 4/1/48 | 2,000,000 | 2,002,276 |
| 54,268,588 | ||
| Montana 0.3% | ||
| City of Forsyth, NorthWestern Corp., Revenue Bonds | ||
| 3.875%, due 7/1/28 | 9,750,000 | 9,860,430 |
| County of Gallatin, Bozeman Fiber Project, Revenue Bonds (a) | ||
| Series A | ||
| (zero coupon), due 10/15/55 (f) | 7,490,000 | 6,052,013 |
| Series A | ||
| 4.00%, due 10/15/41 | 1,080,000 | 719,124 |
| Series A | ||
| 4.00%, due 10/15/46 | 2,500,000 | 1,627,912 |
| Series A | ||
| 4.00%, due 10/15/51 | 4,710,000 | 2,917,388 |
| Montana Facility Finance Authority, Kalispell Regional Medical Center, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 7/1/48 | 5,465,000 | 5,488,922 |
| Montana Facility Finance Authority, St. John's United Project, Revenue Bonds | ||
| Series A | ||
| 6.125%, due 11/15/56 | 2,000,000 | 2,010,479 |
| Series A | ||
| 6.125%, due 11/15/61 | 1,500,000 | 1,503,308 |
| 30,179,576 | ||
| Nebraska 0.0% ‡ | ||
| County of Douglas, Creighton University, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 7/1/51 | 2,500,000 | 1,740,327 |
| Nevada 0.3% | ||
| Carson City, Carson Tahoe Regional Healthcare Obligated Group, Revenue Bonds | ||
| 5.00%, due 9/1/47 | 2,320,000 | 2,270,907 |
| City of Las Vegas, Special Improvement District No. 818, Special Assessment | ||
| 5.00%, due 12/1/49 | 1,110,000 | 1,094,572 |
| 5.00%, due 12/1/54 | 1,250,000 | 1,212,357 |
| City of Reno, Sales Tax, Transportation Rail Access Corridor Project, Revenue Bonds | ||
| Series C | ||
| (zero coupon), due 7/1/58 (a) | 9,000,000 | 1,450,641 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Nevada | ||
| City of Reno, Sales Tax, Transportation Rail Access Corridor Project, Revenue Bonds, First Lien | ||
| Series A | ||
| 4.00%, due 6/1/43 | $ 2,390,000 | $ 2,225,794 |
| City of Reno, Sales Tax, Revenue Bonds | ||
| Series D | ||
| (zero coupon), due 7/1/58 (a) | 9,000,000 | 1,065,834 |
| City of Reno, 2024 Special Assessment District No. 1, Special Assessment (a) | ||
| 5.00%, due 6/1/41 | 825,000 | 843,222 |
| 5.25%, due 6/1/54 | 1,100,000 | 1,087,517 |
| State of Nevada Department of Business & Industry, Somerset Academy of Las Vegas, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/15/48 (a) | 4,215,000 | 3,860,211 |
| Tahoe-Douglas Visitors Authority, Revenue Bonds | ||
| 5.00%, due 7/1/30 | 2,755,000 | 2,897,488 |
| 5.00%, due 7/1/34 | 2,000,000 | 2,074,567 |
| 5.00%, due 7/1/45 | 5,050,000 | 5,081,305 |
| 25,164,415 | ||
| New Hampshire 1.1% | ||
| Manchester Housing and Redevelopment Authority, Inc., Revenue Bonds | ||
| Series B, Insured: BAM | ||
| (zero coupon), due 1/1/27 | 2,380,000 | 2,343,509 |
| New Hampshire Business Finance Authority, River Ranch Project, Revenue Bonds | ||
| (zero coupon), due 12/1/31 (a) | 20,000,000 | 14,622,786 |
| New Hampshire Business Finance Authority, The Wildflower Project, Revenue Bonds | ||
| (zero coupon), due 12/15/33 (a) | 5,077,000 | 3,244,957 |
| New Hampshire Business Finance Authority, The Astro Sunterra Project, Revenue Bonds | ||
| (zero coupon), due 12/15/34 (a) | 10,000,000 | 5,777,699 |
| New Hampshire Business Finance Authority, Revenue Bonds | ||
| (zero coupon), due 12/15/41 | 2,000,000 | 755,369 |
| New Hampshire Business Finance Authority, Springpoint Senior Living Project, Revenue Bonds | ||
| 4.00%, due 1/1/51 | 7,850,000 | 6,458,440 |
| New Hampshire Business Finance Authority, The Vista Project, Revenue Bonds | ||
| Series A | ||
| 5.75%, due 7/1/54 (a) | 5,250,000 | 5,235,855 |
| New Hampshire Business Finance Authority, Woodloands Hills Utility Districts 128A & 129 (The), Revenue Bonds | ||
| 5.875%, due 12/15/36 (a) | 3,450,000 | 3,454,101 |
| New Hampshire Business Finance Authority, Wheeling Power Co., Revenue Bonds | ||
| Series A | ||
| 6.89%, due 4/1/34 (a) | 58,585,000 | 61,118,180 |
| 103,010,896 | ||
| New Jersey 2.6% | ||
| Camden County Improvement Authority (The), Camden School Prep Project, Revenue Bonds | ||
| 5.00%, due 7/15/52 (a) | 2,000,000 | 1,882,134 |
| Essex County Improvement Authority, North Star Academy Charter School of Newark, Inc., Revenue Bonds | ||
| 4.00%, due 7/15/50 (a) | 2,450,000 | 2,009,909 |
| 4.00%, due 6/15/51 | 1,100,000 | 928,515 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New Jersey | ||
| Essex County Improvement Authority, North Star Academy Charter School of Newark, Inc., Revenue Bonds | ||
| 4.00%, due 7/15/60 (a) | $ 8,155,000 | $ 6,351,017 |
| Series A | ||
| 4.00%, due 8/1/60 (a) | 3,755,000 | 2,924,046 |
| New Jersey Economic Development Authority, School Facilities Construction, Revenue Bonds | ||
| Series LLL | ||
| 5.00%, due 6/15/36 | 5,200,000 | 5,420,695 |
| Series LLL | ||
| 5.00%, due 6/15/49 | 3,590,000 | 3,642,463 |
| New Jersey Economic Development Authority, Provident Group-Kean Properties LLC, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/37 | 2,650,000 | 2,632,033 |
| Series A | ||
| 5.00%, due 7/1/47 | 3,095,000 | 2,943,710 |
| New Jersey Economic Development Authority, Provident Group-Rowan Properties LLC, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/48 | 11,985,000 | 11,800,471 |
| New Jersey Economic Development Authority, The Goethals Bridge Replacement Project, Revenue Bonds (b) | ||
| 5.125%, due 1/1/34 | 3,000,000 | 3,008,835 |
| Insured: AG | ||
| 5.125%, due 7/1/42 | 1,705,000 | 1,714,249 |
| 5.375%, due 1/1/43 | 15,105,000 | 15,117,481 |
| New Jersey Economic Development Authority, Continental Airlines, Inc. Project, Revenue Bonds | ||
| Series B | ||
| 5.625%, due 11/15/30 (b) | 8,975,000 | 8,987,350 |
| New Jersey Economic Development Authority, NYNJ Link Borrower LLC, Revenue Bonds | ||
| 5.625%, due 1/1/52 (b) | 16,695,000 | 16,705,449 |
| New Jersey Higher Education Student Assistance Authority, Revenue Bonds (b) | ||
| Series C | ||
| 5.25%, due 12/1/54 | 2,800,000 | 2,731,244 |
| Series B | ||
| 5.25%, due 12/1/56 | 2,300,000 | 2,240,482 |
| Series 1-C | ||
| 5.50%, due 12/1/55 | 3,000,000 | 3,010,393 |
| New Jersey Transportation Trust Fund Authority, Transportation Program, Revenue Bonds | ||
| Series AA | ||
| 4.00%, due 6/15/38 | 10,350,000 | 10,084,366 |
| Series AA | ||
| 4.00%, due 6/15/40 | 11,250,000 | 10,744,692 |
| Series A | ||
| 4.00%, due 6/15/41 | 3,000,000 | 2,840,203 |
| Series BB | ||
| 4.00%, due 6/15/41 | 3,750,000 | 3,550,254 |
| Series BB | ||
| 4.00%, due 6/15/44 | 14,890,000 | 13,766,686 |
| Series AA | ||
| 4.00%, due 6/15/45 | 40,170,000 | 37,006,259 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New Jersey | ||
| New Jersey Transportation Trust Fund Authority, Transportation Program, Revenue Bonds | ||
| Series BB | ||
| 4.00%, due 6/15/46 | $ 6,140,000 | $ 5,644,184 |
| Series AA | ||
| 4.00%, due 6/15/50 | 9,360,000 | 8,546,921 |
| Series BB | ||
| 4.00%, due 6/15/50 | 20,805,000 | 18,997,724 |
| Series CC | ||
| 4.125%, due 6/15/50 | 1,750,000 | 1,629,462 |
| Series AA | ||
| 4.25%, due 6/15/44 | 2,055,000 | 1,961,972 |
| Series AA | ||
| 5.00%, due 6/15/50 | 3,655,000 | 3,695,127 |
| South Jersey Port Corp., Marine Terminal, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 1/1/48 (b) | 23,050,000 | 22,737,486 |
| South Jersey Transportation Authority, Revenue Bonds | ||
| Series A, Insured: AG-CR | ||
| 4.00%, due 11/1/50 | 9,900,000 | 9,137,579 |
| Series A, Insured: BAM | ||
| 5.00%, due 11/1/45 | 7,000,000 | 7,179,234 |
| 251,572,625 | ||
| New York 10.0% | ||
| Albany Capital Resource Corp., KIPP Capital Region Public Charter Schools, Revenue Bonds | ||
| 5.00%, due 6/1/64 | 4,260,000 | 3,951,175 |
| Brooklyn Arena Local Development Corp., Barclays Center Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 3.00%, due 7/15/43 | 2,135,000 | 1,603,232 |
| Build NYC Resource Corp., Metropolitan Lighthouse Charter School Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/47 (a) | 1,225,000 | 1,102,561 |
| Build NYC Resource Corp., Hellenic Classical Charter Schools, Revenue Bonds (a) | ||
| Series A | ||
| 5.00%, due 12/1/51 | 1,000,000 | 892,171 |
| Series A | ||
| 5.00%, due 12/1/55 | 1,080,000 | 938,922 |
| Build NYC Resource Corp., Airport Facilities, Revenue Bonds | ||
| 5.50%, due 7/1/50 (b) | 2,000,000 | 2,051,233 |
| Dutchess County Local Development Corp., Bard College Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/45 | 6,600,000 | 6,553,344 |
| Erie Tobacco Asset Securitization Corp., Tobacco Settlement, Asset-Backed, Revenue Bonds | ||
| Series B | ||
| (zero coupon), due 6/1/47 | 37,500,000 | 7,961,640 |
| Genesee County Funding Corp. (The), Rochester Regional Health Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 12/1/52 | 6,050,000 | 6,067,063 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New York | ||
| Huntington Local Development Corp., Fountaingate Gardens Project, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 7/1/27 | $ 950,000 | $ 944,133 |
| Jefferson County Civic Facility Development Corp., Samaritan Medical Center Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 11/1/42 | 2,425,000 | 1,954,540 |
| Series A | ||
| 4.00%, due 11/1/47 | 1,530,000 | 1,135,417 |
| Metropolitan Transportation Authority, Green Bond, Revenue Bonds | ||
| Series A-1 | ||
| 4.00%, due 11/15/45 | 31,350,000 | 28,047,779 |
| Series E | ||
| 4.00%, due 11/15/45 | 23,375,000 | 20,923,178 |
| Series A-1 | ||
| 4.00%, due 11/15/46 | 21,195,000 | 18,707,637 |
| Series A-1 | ||
| 4.00%, due 11/15/46 | 11,050,000 | 9,753,215 |
| Series A-3, Insured: AG | ||
| 4.00%, due 11/15/46 | 2,545,000 | 2,253,224 |
| Series A-1 | ||
| 4.00%, due 11/15/48 | 6,440,000 | 5,545,292 |
| Series A-1 | ||
| 4.00%, due 11/15/49 | 35,565,000 | 30,438,444 |
| Series A-1, Insured: AG | ||
| 4.00%, due 11/15/50 | 8,550,000 | 7,371,448 |
| Series A-1 | ||
| 4.00%, due 11/15/50 | 800,000 | 680,774 |
| Series D | ||
| 4.00%, due 11/15/50 | 7,730,000 | 6,626,280 |
| Series A-1 | ||
| 4.00%, due 11/15/51 | 10,290,000 | 8,708,539 |
| Series A-1 | ||
| 4.00%, due 11/15/52 | 3,340,000 | 2,809,539 |
| Series A-2 | ||
| 5.00%, due 11/15/27 | 3,150,000 | 3,168,078 |
| Series B | ||
| 5.00%, due 11/15/28 | 1,190,000 | 1,250,728 |
| Metropolitan Transportation Authority, Climate Certified Green Bond, Revenue Bonds | ||
| Series C, Insured: AG | ||
| 4.00%, due 11/15/47 | 2,000,000 | 1,748,922 |
| Metropolitan Transportation Authority, Revenue Bonds | ||
| Series D | ||
| 5.00%, due 11/15/27 | 2,055,000 | 2,066,794 |
| Monroe County Industrial Development Corp., Rochester Regional Health Obligated Group, Revenue Bonds | ||
| 4.00%, due 12/1/41 | 2,955,000 | 2,642,946 |
| Monroe County Industrial Development Corp., St. Ann's Community Project, Revenue Bonds | ||
| 5.00%, due 1/1/50 | 1,400,000 | 1,253,305 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New York | ||
| Nassau County Tobacco Settlement Corp., Asset-Backed, Revenue Bonds | ||
| Series A-3 | ||
| 5.00%, due 6/1/35 | $ 2,075,000 | $ 1,033,690 |
| Series A-3 | ||
| 5.125%, due 6/1/46 | 12,605,000 | 6,245,648 |
| New York City Industrial Development Agency, Queens Baseball Stadium Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 3.00%, due 1/1/46 | 12,615,000 | 9,752,033 |
| New York City Industrial Development Agency, Yankee Stadium Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 3.00%, due 3/1/49 | 1,750,000 | 1,269,881 |
| Series A, Insured: AG-CR | ||
| 3.00%, due 3/1/49 | 17,600,000 | 12,810,920 |
| New York City Transitional Finance Authority, Revenue Bonds | ||
| Series E-1 | ||
| 4.00%, due 2/1/49 | 49,060,000 | 44,159,784 |
| New York Convention Center Development Corp., Hotel Unit Fee, Revenue Bonds, Senior Lien | ||
| Series A | ||
| (zero coupon), due 11/15/47 | 10,000,000 | 3,591,552 |
| New York Counties Tobacco Trust V, Pass Through, Capital Appreciation, Revenue Bonds | ||
| Series S-1 | ||
| (zero coupon), due 6/1/38 | 2,500,000 | 1,167,813 |
| New York Liberty Development Corp., 1 World Trade Center Project, Revenue Bonds | ||
| Insured: BAM | ||
| 2.75%, due 2/15/44 | 14,600,000 | 11,152,879 |
| New York Liberty Development Corp., 4 World Trade Center Project, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 3.00%, due 11/15/51 | 3,750,000 | 2,639,178 |
| New York Liberty Development Corp., 7 World Trade Center Project, Revenue Bonds | ||
| Series A | ||
| 3.125%, due 9/15/50 | 21,530,000 | 15,683,944 |
| New York Liberty Development Corp., 3 World Trade Center Project, Revenue Bonds | ||
| Class 1 | ||
| 5.00%, due 11/15/44 (a) | 27,180,000 | 27,217,438 |
| New York State Dormitory Authority, Montefiore Obligated Group, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 8/1/38 | 1,750,000 | 1,593,893 |
| Series A | ||
| 4.00%, due 9/1/40 | 3,150,000 | 2,909,209 |
| Series A | ||
| 4.00%, due 9/1/50 | 6,700,000 | 5,469,685 |
| New York State Dormitory Authority, NYU Langone Hospitals Obligated Group, Revenue Bonds | ||
| Series A, Insured: AG-CR | ||
| 4.00%, due 7/1/50 | 4,240,000 | 3,719,318 |
| Series A | ||
| 4.00%, due 7/1/53 | 4,310,000 | 3,615,418 |
| New York State Dormitory Authority, Orange Regional Medical Center Obligated Group, Revenue Bonds | ||
| 5.00%, due 12/1/30 (a) | 2,200,000 | 2,180,330 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New York | ||
| New York State Dormitory Authority, Garnet Health Medical Center Obligated Group, Revenue Bonds | ||
| 5.00%, due 12/1/45 (a) | $ 2,200,000 | $ 1,936,800 |
| New York State Thruway Authority, State Personal Income Tax, Revenue Bonds | ||
| Series A-1 | ||
| 3.00%, due 3/15/48 | 8,500,000 | 6,373,743 |
| Series A-1 | ||
| 3.00%, due 3/15/51 | 33,195,000 | 24,137,117 |
| Series A-1 | ||
| 4.00%, due 3/15/53 | 14,875,000 | 13,138,704 |
| New York State Thruway Authority, Revenue Bonds | ||
| Series B, Insured: BAM | ||
| 4.00%, due 1/1/50 | 10,135,000 | 9,163,210 |
| New York State Urban Development Corp., Sales Tax, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 3/15/50 | 9,700,000 | 6,960,387 |
| New York State Urban Development Corp., Personal Income Tax, Revenue Bonds | ||
| Series E | ||
| 4.00%, due 3/15/43 | 6,150,000 | 5,769,225 |
| New York Transportation Development Corp., Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment Project, Revenue Bonds (b) | ||
| 4.00%, due 10/1/30 | 9,160,000 | 9,300,971 |
| 4.375%, due 10/1/45 | 75,465,000 | 71,281,620 |
| 5.00%, due 10/1/35 | 6,110,000 | 6,343,241 |
| New York Transportation Development Corp., New York State Thruway Service Areas Project, Revenue Bonds (b) | ||
| 4.00%, due 10/31/46 | 4,000,000 | 3,589,196 |
| 4.00%, due 4/30/53 | 5,620,000 | 4,848,925 |
| New York Transportation Development Corp., Terminal 4 John F. Kennedy International Airport Project, Revenue Bonds (b) | ||
| 5.00%, due 12/1/34 | 9,750,000 | 10,341,242 |
| 5.00%, due 12/1/36 | 5,000,000 | 5,247,618 |
| 5.00%, due 12/1/38 | 9,750,000 | 10,120,972 |
| 5.00%, due 12/1/39 | 13,805,000 | 14,255,507 |
| 5.00%, due 12/1/40 | 4,785,000 | 4,923,733 |
| Insured: AG-CR | ||
| 5.00%, due 12/1/40 | 17,260,000 | 17,885,556 |
| 5.00%, due 12/1/42 | 3,375,000 | 3,454,113 |
| 5.375%, due 6/30/60 | 10,000,000 | 9,938,697 |
| New York Transportation Development Corp., JFK NTO LLC, Revenue Bonds (b) | ||
| Insured: AG | ||
| 5.00%, due 6/30/49 | 3,115,000 | 3,106,752 |
| Insured: AG | ||
| 5.00%, due 6/30/54 | 8,315,000 | 8,252,699 |
| Insured: AG | ||
| 5.125%, due 6/30/60 | 12,000,000 | 11,943,294 |
| 5.50%, due 6/30/54 | 58,250,000 | 59,014,170 |
| New York Transportation Development Corp., JFK International Airport, Revenue Bonds (b) | ||
| Insured: BAM | ||
| 5.00%, due 6/30/60 | 25,000,000 | 24,859,952 |
| 5.25%, due 6/30/49 | 35,360,000 | 35,542,769 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New York | ||
| New York Transportation Development Corp., JFK International Airport, Revenue Bonds (b) | ||
| Insured: BAM | ||
| 5.375%, due 6/30/60 | $ 5,000,000 | $ 5,053,535 |
| Insured: BAM | ||
| 5.50%, due 6/30/60 | 15,995,000 | 16,340,083 |
| New York Transportation Development Corp., American Airlines, Inc. John F. Kennedy International Airport Project, Revenue Bonds (b) | ||
| 5.25%, due 8/1/31 | 2,950,000 | 3,055,753 |
| 5.375%, due 8/1/36 | 3,445,000 | 3,571,620 |
| New York Transportation Development Corp., JFK Airport Terminal 6 Redevelopment Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.25%, due 12/31/54 (b) | 22,470,000 | 22,835,214 |
| New York Transportation Development Corp., JFK Millennium Partners LLC, Revenue Bonds (b) | ||
| Series A | ||
| 5.50%, due 12/31/54 | 98,975,000 | 100,365,520 |
| Series A | ||
| 5.50%, due 12/31/60 | 4,380,000 | 4,434,337 |
| Oneida County Local Development Corp., Mohawk Valley Health System Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 3.00%, due 12/1/40 | 3,755,000 | 3,023,889 |
| Series A, Insured: AG | ||
| 3.00%, due 12/1/44 | 6,450,000 | 4,764,744 |
| Orange County Funding Corp., Mount St. Mary College, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/42 | 1,430,000 | 1,053,997 |
| Port Authority of New York & New Jersey, Revenue Bonds (b) | ||
| Series 223 | ||
| 4.00%, due 7/15/46 | 9,520,000 | 8,545,028 |
| Series 218 | ||
| 4.00%, due 11/1/47 | 2,455,000 | 2,176,590 |
| Series 236 | ||
| 5.00%, due 1/15/52 | 3,590,000 | 3,618,297 |
| Rockland County Economic Assistance Corp., Bon Secours Charity Health System, Inc., Revenue Bonds | ||
| 7.50%, due 11/1/55 | 28,280,000 | 30,913,606 |
| Rockland Tobacco Asset Securitization Corp., Tobacco Settlement, Asset-Backed, Revenue Bonds | ||
| Series B | ||
| (zero coupon), due 8/15/50 (a) | 13,000,000 | 2,505,164 |
| Southold Local Development Corp., Peconic Landing, Inc. Project, Revenue Bonds | ||
| 4.00%, due 12/1/45 | 895,000 | 787,053 |
| Suffolk Tobacco Asset Securitization Corp., Tobacco Settlement, Asset Backed, Revenue Bonds | ||
| Series B-2 | ||
| (zero coupon), due 6/1/66 | 71,340,000 | 5,824,989 |
| Tompkins County Development Corp., Kendal at Ithaca Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/44 | 1,015,000 | 1,015,300 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New York | ||
| TSASC, Inc., Tobacco Settlement Bonds, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 6/1/48 | $ 19,500,000 | $ 18,133,812 |
| 965,112,910 | ||
| North Carolina 0.5% | ||
| North Carolina Medical Care Commission, The Forest at Duke Project, Revenue Bonds | ||
| 4.00%, due 9/1/41 | 2,300,000 | 2,113,576 |
| 4.00%, due 9/1/51 | 1,200,000 | 989,511 |
| North Carolina Medical Care Commission, Plantation Village, Inc., Revenue Bonds | ||
| Series A | ||
| 4.00%, due 1/1/52 | 2,940,000 | 2,448,473 |
| North Carolina Medical Care Commission, United Methodist Retirement Homes, Inc. Obligated Group (The), Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/39 | 500,000 | 517,574 |
| Series A | ||
| 5.00%, due 10/1/44 | 1,010,000 | 1,031,346 |
| Series A | ||
| 5.00%, due 10/1/49 | 1,015,000 | 1,018,333 |
| Series A | ||
| 5.125%, due 10/1/54 | 4,450,000 | 4,452,281 |
| North Carolina Medical Care Commission, First Mortgage, Porters Neck Village, Revenue Bonds | ||
| Series A | ||
| 5.20%, due 1/1/56 | 2,000,000 | 1,997,832 |
| North Carolina Medical Care Commission, Twin Lakes Community, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 1/1/55 | 2,800,000 | 2,817,857 |
| North Carolina Medical Care Commission, First Mortgage, Carolina Village, Inc., Revenue Bonds | ||
| Series A | ||
| 5.375%, due 4/1/51 | 2,055,000 | 2,019,768 |
| Series A | ||
| 5.50%, due 4/1/56 | 2,200,000 | 2,158,770 |
| North Carolina Turnpike Authority, Triangle Expressway System, Revenue Bonds, Senior Lien | ||
| Insured: AG | ||
| 3.00%, due 1/1/42 | 2,320,000 | 1,843,778 |
| Insured: AG-CR | ||
| 5.00%, due 1/1/49 | 23,700,000 | 24,018,127 |
| North Carolina Turnpike Authority, Monroe Expressway Toll, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/51 | 2,745,000 | 2,745,988 |
| 50,173,214 | ||
| North Dakota 0.4% | ||
| City of Grand Forks, Altru Health System, Revenue Bonds | ||
| Insured: AG-CR | ||
| 4.00%, due 12/1/46 | 3,955,000 | 3,472,882 |
| Series A, Insured: AG | ||
| 5.00%, due 12/1/48 | 2,950,000 | 2,973,323 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| North Dakota | ||
| City of Grand Forks, Altru Health System, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 12/1/53 | $ 2,800,000 | $ 2,806,888 |
| County of Cass, Essentia Health Obligated Group, Revenue Bonds | ||
| Series B | ||
| 5.25%, due 2/15/53 | 9,100,000 | 9,132,041 |
| County of Ward, Trinity Health Obligated Group, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 6/1/43 | 7,500,000 | 6,994,185 |
| County of Ward, Trinity Health, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 6/1/48 | 16,890,000 | 15,209,805 |
| Series C | ||
| 5.00%, due 6/1/53 | 725,000 | 634,209 |
| 41,223,333 | ||
| Ohio 3.9% | ||
| Akron Bath Copley Joint Township Hospital District, Summa Health System Obligated Group, Revenue Bonds | ||
| 5.25%, due 11/15/46 | 29,875,000 | 30,055,328 |
| Buckeye Tobacco Settlement Financing Authority, Revenue Bonds, Senior Lien | ||
| Series A-2 | ||
| 3.00%, due 6/1/48 | 5,185,000 | 3,666,806 |
| Series B-2 | ||
| 5.00%, due 6/1/55 | 252,375,000 | 191,168,233 |
| Cleveland-Cuyahoga County Port Authority, Euclid Avenue Development Corp. Project, Revenue Bonds | ||
| 4.00%, due 8/1/44 | 12,270,000 | 11,035,782 |
| Series A | ||
| 5.50%, due 8/1/52 | 1,000,000 | 1,013,958 |
| Cleveland-Cuyahoga County Port Authority, Centers for Dialysis Care Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/42 | 4,905,000 | 4,646,421 |
| Series A | ||
| 5.00%, due 12/1/47 | 1,435,000 | 1,321,269 |
| County of Cuyahoga, MetroHealth System (The), Revenue Bonds | ||
| 4.75%, due 2/15/47 | 1,440,000 | 1,326,420 |
| 5.00%, due 2/15/52 | 6,595,000 | 6,279,262 |
| 5.00%, due 2/15/57 | 10,400,000 | 9,744,961 |
| 5.25%, due 2/15/47 | 3,715,000 | 3,718,020 |
| 5.50%, due 2/15/57 | 27,285,000 | 27,299,336 |
| County of Cuyahoga, MetroHealth System, Revenue Bonds | ||
| 5.50%, due 2/15/52 | 2,920,000 | 2,926,832 |
| County of Hamilton, Life Enriching Communities Project, Revenue Bonds | ||
| 5.00%, due 1/1/42 | 1,080,000 | 1,062,790 |
| County of Montgomery, Kettering Health Network Obligated Group, Revenue Bonds | ||
| 4.00%, due 8/1/51 | 3,265,000 | 2,791,789 |
| Dayton-Montgomery County Port Authority, Dayton Regional STEM Schools, Inc. Project, Revenue Bonds | ||
| 5.00%, due 12/1/54 | 1,000,000 | 966,131 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Ohio | ||
| Franklin County Convention Facilities Authority, Greater Columbus Convention Center Hotel Expansion Project, Revenue Bonds | ||
| 5.00%, due 12/1/51 | $ 4,250,000 | $ 4,045,566 |
| Lancaster Port Authority, Vivera Fairfield Project, Revenue Bonds | ||
| Series B | ||
| 7.75%, due 4/1/30 (a) | 7,700,000 | 7,707,275 |
| Ohio Air Quality Development Authority, Pratt Paper LLC Project, Revenue Bonds | ||
| 4.50%, due 1/15/48 (a)(b) | 1,310,000 | 1,230,677 |
| Ohio Higher Educational Facility Commission, Tiffin University Project, Revenue Bonds | ||
| 4.00%, due 11/1/49 | 4,700,000 | 3,515,452 |
| 5.00%, due 11/1/44 | 750,000 | 684,205 |
| Ohio Higher Educational Facility Commission, University of Findlay (The), Revenue Bonds | ||
| 5.00%, due 3/1/39 | 1,675,000 | 1,619,674 |
| 5.00%, due 3/1/44 | 6,535,000 | 6,055,694 |
| Ohio Higher Educational Facility Commission, Cleveland Institute of Art (The), Revenue Bonds | ||
| 5.25%, due 12/1/48 | 1,000,000 | 894,075 |
| 5.50%, due 12/1/53 | 1,215,000 | 1,092,945 |
| Port of Greater Cincinnati Development Authority, RBM Phase 3 Garage Project, Tax Allocation | ||
| 5.00%, due 12/1/44 | 1,000,000 | 1,015,213 |
| 5.125%, due 12/1/55 | 2,655,000 | 2,638,513 |
| State of Ohio, University Hospitals Health System, Inc., Revenue Bonds | ||
| Series A | ||
| 4.00%, due 1/15/46 | 8,000,000 | 7,066,470 |
| Series A, Insured: BAM | ||
| 4.00%, due 1/15/50 | 33,060,000 | 28,845,772 |
| Toledo-Lucas County Port Authority, University of Toledo Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/34 | 1,400,000 | 1,376,498 |
| Series A | ||
| 5.00%, due 7/1/39 | 2,000,000 | 1,906,219 |
| Series A | ||
| 5.00%, due 7/1/46 | 9,440,000 | 8,618,797 |
| 377,336,383 | ||
| Oklahoma 0.2% | ||
| Norman Regional Hospital Authority, Norman Regional Hospital Authority Obligated Group, Revenue Bonds | ||
| 4.00%, due 9/1/45 | 2,500,000 | 1,623,271 |
| 5.00%, due 9/1/37 | 3,510,000 | 2,630,715 |
| Tulsa Authority for Economic Opportunity, Sante FE Square Project, Tax Allocation | ||
| 4.375%, due 12/1/41 (a) | 1,480,000 | 1,382,405 |
| Tulsa County Industrial Authority, Montereau, Inc., Project, Revenue Bonds | ||
| 5.25%, due 11/15/45 | 1,250,000 | 1,249,978 |
| Tulsa Municipal Airport Trust Trustees, American Airlines, Inc. Project, Revenue Bonds | ||
| 6.25%, due 12/1/35 (b) | 13,800,000 | 15,440,649 |
| 22,327,018 | ||
| Oregon 0.0% ‡ | ||
| Astoria Hospital Facilities Authority, Columbia Memorial Hospital Obligated Group, Revenue Bonds | ||
| 3.50%, due 8/1/42 | 845,000 | 725,045 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Oregon ‡ | ||
| Oregon State Facilities Authority, College Housing Northwest Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/48 (a) | $ 1,560,000 | $ 1,411,117 |
| 2,136,162 | ||
| Pennsylvania 3.5% | ||
| Adams County General Authority, Brethren Home Community Project (The), Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/59 | 3,500,000 | 3,340,169 |
| Allegheny County Airport Authority, Pittsburgh International Airport, Revenue Bonds (b) | ||
| Series A, Insured: AG | ||
| 4.00%, due 1/1/46 | 5,355,000 | 4,856,687 |
| Series A | ||
| 4.00%, due 1/1/56 | 7,500,000 | 6,265,536 |
| Allegheny County Hospital Development Authority, Allegheny Health Network, Revenue Bonds | ||
| Series A, Insured: AG-CR | ||
| 4.00%, due 4/1/44 | 15,900,000 | 14,631,929 |
| Allegheny County Industrial Development Authority, Urban Academy of Greater Pittsburgh Charter School, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 6/15/41 (a) | 1,895,000 | 1,606,375 |
| Allegheny County Industrial Development Authority, Propel Charter School - Sunrise, Revenue Bonds | ||
| 6.00%, due 7/15/38 | 2,495,000 | 2,389,716 |
| Allentown Neighborhood Improvement Zone Development Authority, City Center Project, Revenue Bonds (a) | ||
| 5.00%, due 5/1/42 | 14,750,000 | 14,753,217 |
| 5.00%, due 5/1/42 | 8,465,000 | 8,478,321 |
| 5.00%, due 5/1/42 | 4,605,000 | 4,736,769 |
| 5.125%, due 5/1/32 | 4,250,000 | 4,300,890 |
| 5.375%, due 5/1/42 | 4,125,000 | 4,164,454 |
| Allentown Neighborhood Improvement Zone Development Authority, 615 Waterfront Project, Revenue Bonds | ||
| 6.00%, due 5/1/42 (a) | 3,845,000 | 4,026,394 |
| Bucks County Industrial Development Authority, Grand View Hospital Project, Revenue Bonds | ||
| Insured: AG-CR | ||
| 4.00%, due 7/1/46 | 2,910,000 | 2,647,746 |
| Insured: AG-CR | ||
| 4.00%, due 7/1/51 | 7,065,000 | 6,169,857 |
| 5.00%, due 7/1/40 | 655,000 | 665,238 |
| 5.00%, due 7/1/41 | 2,500,000 | 2,530,962 |
| Cambria County General Financing Authority, St. Francis University, Revenue Bonds | ||
| Series TT-5 | ||
| 4.00%, due 4/1/46 | 2,035,000 | 1,569,046 |
| Chambersburg Area Municipal Authority, Wilson College, Revenue Bonds | ||
| 5.50%, due 10/1/33 | 1,230,000 | 1,226,302 |
| 5.75%, due 10/1/38 | 3,200,000 | 3,118,331 |
| 5.75%, due 10/1/43 | 2,290,000 | 2,189,731 |
| Chester County Industrial Development Authority, Renaissance Academy Charter School, Revenue Bonds | ||
| 4.50%, due 10/1/64 (a) | 5,900,000 | 4,693,079 |
| Chester County Industrial Development Authority, Avon Grove Charter School, Revenue Bonds | ||
| 5.00%, due 3/1/27 | 2,375,000 | 2,376,871 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Pennsylvania | ||
| Chester County Industrial Development Authority, Woodlands at Greystone Project, Special Assessment | ||
| 5.125%, due 3/1/48 (a) | $ 1,179,000 | $ 1,170,513 |
| Chester County Industrial Development Authority, Collegium Charter School, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 10/15/47 | 1,000,000 | 876,475 |
| City of Erie Higher Education Building Authority, Mercyhurst University Project, Revenue Bonds (a) | ||
| 5.00%, due 9/15/27 | 705,000 | 701,067 |
| 5.00%, due 9/15/28 | 740,000 | 732,884 |
| 5.00%, due 9/15/29 | 150,000 | 147,455 |
| 5.00%, due 9/15/37 | 640,000 | 641,425 |
| 5.00%, due 9/15/37 | 2,755,000 | 2,491,259 |
| Commonwealth Financing Authority, Tobacco Master Settlement Payment, Revenue Bonds | ||
| Insured: AG | ||
| 4.00%, due 6/1/39 | 150,000 | 142,710 |
| County of Lehigh, Lehigh Health Network, Revenue Bonds | ||
| Series A, Insured: AG-CR | ||
| 4.00%, due 7/1/49 | 1,660,000 | 1,481,520 |
| Cumberland County Municipal Authority, Diakon Lutheran Social Ministries, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/39 | 195,000 | 204,767 |
| Series A | ||
| 5.00%, due 1/1/39 | 290,000 | 292,942 |
| Dauphin County General Authority, Harrisburg University Science Technology Project (The), Revenue Bonds (a) | ||
| 5.00%, due 10/15/34 | 4,920,000 | 2,706,000 |
| 5.125%, due 10/15/41 | 4,650,000 | 2,557,500 |
| 5.875%, due 10/15/40 | 3,700,000 | 2,035,000 |
| 6.25%, due 10/15/53 | 9,150,000 | 5,032,500 |
| Delaware County Authority, Cabrini University, Revenue Bonds | ||
| 5.00%, due 7/1/42 | 1,215,000 | 1,237,239 |
| Franklin County Industrial Development Authority, Menno-Haven, Inc. Project, Revenue Bonds | ||
| 5.00%, due 12/1/39 | 375,000 | 369,393 |
| 5.00%, due 12/1/49 | 1,020,000 | 911,266 |
| General Authority of Southcentral Pennsylvania, York Academy Regional Charter School Project, Revenue Bonds (a) | ||
| Series A | ||
| 6.00%, due 7/15/38 | 2,370,000 | 2,396,204 |
| Series A | ||
| 6.50%, due 7/15/48 | 4,150,000 | 4,196,851 |
| Huntingdon County General Authority, AICUP Financing Program, Revenue Bonds | ||
| Series OO-2 | ||
| 5.00%, due 5/1/46 | 3,145,000 | 2,865,614 |
| Jefferson County Hospital Authority (The), Punxsutawney Area Hospital, Inc., Revenue Bonds | ||
| 4.50%, due 1/15/27 (a) | 5,270,000 | 5,271,166 |
| Lancaster Higher Education Authority, Elizabethtown College Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/51 | 3,000,000 | 2,667,999 |
| Lancaster Industrial Development Authority, Willow Valley Communities Project, Revenue Bonds | ||
| 4.00%, due 12/1/49 | 3,450,000 | 2,837,577 |
| 5.00%, due 12/1/49 | 1,825,000 | 1,742,830 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Pennsylvania | ||
| Lancaster Industrial Development Authority, Landis Homes Retirement Community, Revenue Bonds | ||
| 4.00%, due 7/1/51 | $ 2,750,000 | $ 2,251,537 |
| Lehigh County General Purpose Authority, Lehigh Valley Academy Regional Charter School, Revenue Bonds | ||
| 4.00%, due 6/1/52 | 1,000,000 | 793,710 |
| 4.00%, due 6/1/57 | 4,500,000 | 3,473,049 |
| Montgomery County Higher Education and Health Authority, Thomas Jefferson University Project, Revenue Bonds | ||
| Insured: BAM | ||
| 4.00%, due 9/1/44 | 3,000,000 | 2,757,129 |
| Insured: AG-CR | ||
| 4.00%, due 9/1/49 | 20,360,000 | 17,890,344 |
| Montgomery County Higher Education and Health Authority, Philadelphia Presbyterian Homes Project, Revenue Bonds | ||
| 4.00%, due 12/1/48 | 3,995,000 | 3,353,716 |
| Montgomery County Industrial Development Authority, ACTS Retirement-Life Communities, Inc. Obligated Group, Revenue Bonds | ||
| 5.00%, due 11/15/36 | 4,530,000 | 4,535,576 |
| Pennsylvania Economic Development Financing Authority, Waste Management, Inc. Project, Revenue Bonds | ||
| 0.95%, due 12/1/33 (c) | 9,250,000 | 9,174,412 |
| Pennsylvania Economic Development Financing Authority, Rapid Bridge Replacement Project, Revenue Bonds | ||
| 4.125%, due 12/31/38 | 4,000,000 | 3,726,511 |
| Pennsylvania Economic Development Financing Authority, PA Bridges Finco LP, Revenue Bonds | ||
| 5.00%, due 6/30/42 | 2,000,000 | 1,976,556 |
| Pennsylvania Economic Development Financing Authority, Eastern University Project, Revenue Bonds | ||
| 5.00%, due 10/1/45 | 2,200,000 | 2,129,214 |
| 5.25%, due 10/1/50 | 2,250,000 | 2,144,109 |
| 5.375%, due 10/1/55 | 3,375,000 | 3,209,748 |
| Pennsylvania Economic Development Financing Authority, Penndot Major Bridges Project, Revenue Bonds (b) | ||
| Insured: AG | ||
| 5.00%, due 12/31/57 | 7,900,000 | 7,902,068 |
| 5.25%, due 6/30/53 | 8,395,000 | 8,467,979 |
| 5.75%, due 6/30/48 | 6,560,000 | 6,874,442 |
| Pennsylvania Economic Development Financing Authority, Core Natural Resources, Inc. Project, Revenue Bonds | ||
| 5.45%, due 1/1/51 (a)(b)(c) | 8,850,000 | 9,560,036 |
| Pennsylvania Higher Education Assistance Agency, Revenue Bonds (b) | ||
| Series B | ||
| 5.00%, due 6/1/49 | 7,600,000 | 7,251,943 |
| Series 1-C | ||
| 5.00%, due 6/1/51 | 4,950,000 | 4,626,428 |
| Pennsylvania Turnpike Commission, Revenue Bonds | ||
| Series B, Insured: AG-CR | ||
| 4.00%, due 12/1/46 | 6,770,000 | 6,311,427 |
| Series A | ||
| 4.00%, due 12/1/50 | 7,650,000 | 6,720,240 |
| Series A, Insured: BAM | ||
| 4.00%, due 12/1/50 | 46,265,000 | 41,805,831 |
| Philadelphia Authority for Industrial Development, Mariana Bracetti Academy Charter School, Revenue Bonds | ||
| Series B | ||
| 4.875%, due 12/15/35 (a) | 5,410,000 | 5,374,531 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Pennsylvania | ||
| Philadelphia Authority for Industrial Development, Frankford Valley Foundation for Literacy, Revenue Bonds (a) | ||
| 5.00%, due 6/15/39 | $ 1,725,000 | $ 1,715,856 |
| 5.00%, due 6/15/43 | 1,500,000 | 1,471,846 |
| Philadelphia Authority for Industrial Development, Russell Byers Charter School, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 5/1/40 | 1,105,000 | 1,064,601 |
| Series A | ||
| 5.00%, due 5/1/50 | 3,130,000 | 2,810,038 |
| Philadelphia Authority for Industrial Development, MaST Charter School Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 8/1/40 | 915,000 | 912,736 |
| Series A | ||
| 5.00%, due 8/1/50 | 1,050,000 | 999,649 |
| Philadelphia Authority for Industrial Development, University of the Arts (The), Revenue Bonds (a) | ||
| 5.00%, due 3/15/45 | 300,000 | 310,513 |
| 5.00%, due 3/15/45 (d)(e) | 1,512,050 | 302,410 |
| Philadelphia Authority for Industrial Development, Philadelphia Performing Arts Charter School, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/15/50 (a) | 1,700,000 | 1,565,916 |
| Philadelphia Authority for Industrial Development, International Education & Community Initiatives Project, Revenue Bonds (a) | ||
| Series A | ||
| 5.125%, due 6/1/38 | 3,660,000 | 3,591,424 |
| Series A | ||
| 5.25%, due 6/1/48 | 3,085,000 | 2,913,385 |
| Scranton Redevelopment Authority, Revenue Bonds | ||
| Series A, Insured: MUN GOVT GTD | ||
| 5.00%, due 11/15/28 | 3,600,000 | 3,602,896 |
| Scranton-Lackawanna Health and Welfare Authority, Marywood University Project, Revenue Bonds | ||
| 5.00%, due 6/1/36 | 1,000,000 | 929,407 |
| 5.00%, due 6/1/46 | 4,625,000 | 3,961,629 |
| Wilkes-Barre Finance Authority, Wilkes University Project, Revenue Bonds | ||
| 4.00%, due 3/1/42 | 2,500,000 | 2,056,344 |
| 336,966,962 | ||
| Puerto Rico 12.1% | ||
| Children's Trust Fund, Asset-Backed, Revenue Bonds | ||
| Series A | ||
| (zero coupon), due 5/15/50 | 43,900,000 | 8,662,870 |
| Series B | ||
| (zero coupon), due 5/15/57 | 65,600,000 | 2,023,320 |
| 5.50%, due 5/15/39 | 710,000 | 720,320 |
| 5.625%, due 5/15/43 | 36,560,000 | 37,050,350 |
| Commonwealth of Puerto Rico, Unlimited General Obligation | ||
| Series A-1 | ||
| (zero coupon), due 7/1/33 | 26,422,270 | 19,210,229 |
| Series A-1 | ||
| 4.00%, due 7/1/35 | 53,687,833 | 53,253,064 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Puerto Rico | ||
| Commonwealth of Puerto Rico, Unlimited General Obligation | ||
| Series A-1 | ||
| 4.00%, due 7/1/37 | $ 33,727,084 | $ 32,992,606 |
| Series A-1 | ||
| 4.00%, due 7/1/41 | 19,323,126 | 18,126,638 |
| Series A-1 | ||
| 4.00%, due 7/1/46 | 12,500,000 | 11,314,530 |
| Commonwealth of Puerto Rico | ||
| (zero coupon), due 11/1/43 | 163,001,513 | 116,342,330 |
| (zero coupon), due 11/1/51 | 78,723,928 | 57,566,873 |
| (zero coupon), due 11/1/51 | 27,500,000 | 9,246,875 |
| (zero coupon), due 11/1/51 | 32,213,209 | 17,193,800 |
| (zero coupon), due 11/1/51 | 19,202,816 | 12,649,855 |
| GDB Debt Recovery Authority of Puerto Rico, Revenue Bonds | ||
| 7.50%, due 8/20/40 | 132,142,004 | 130,624,261 |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds, Senior Lien (a) | ||
| Series A | ||
| 5.00%, due 7/1/27 | 345,000 | 350,067 |
| Series A | ||
| 5.00%, due 7/1/30 | 3,135,000 | 3,305,342 |
| Series A | ||
| 5.00%, due 7/1/35 | 15,960,000 | 16,608,782 |
| Series A | ||
| 5.00%, due 7/1/37 | 5,750,000 | 6,037,125 |
| Series A | ||
| 5.00%, due 7/1/47 | 127,655,000 | 128,766,301 |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds (a) | ||
| Series B | ||
| 5.00%, due 7/1/33 | 5,300,000 | 5,602,293 |
| Series B | ||
| 5.00%, due 7/1/37 | 20,695,000 | 21,570,177 |
| Puerto Rico Electric Power Authority, Revenue Bonds | ||
| (zero coupon), due 7/1/30 (a) | 7,000,000 | 5,153,750 |
| (zero coupon), due 7/1/30 (a) | 5,500,000 | 4,049,375 |
| Series PP | ||
| (zero coupon), due 7/1/30 (a) | 10,000,000 | 7,362,500 |
| Series UU, Insured: AG | ||
| 3.162%, due 7/1/29 | 2,050,000 | 2,023,154 |
| Series DDD | ||
| 3.30%, due 7/1/19 (d)(e) | 1,015,000 | 738,412 |
| Series ZZ | ||
| 4.25%, due 7/1/20 (d)(e) | 1,355,000 | 985,762 |
| Series CCC | ||
| 4.25%, due 7/1/23 (d)(e) | 1,150,000 | 836,625 |
| Series CCC | ||
| 4.375%, due 7/1/22 (d)(e) | 115,000 | 83,663 |
| Series CCC | ||
| 4.60%, due 7/1/24 (d)(e) | 200,000 | 145,500 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Puerto Rico | ||
| Puerto Rico Electric Power Authority, Revenue Bonds | ||
| Series CCC | ||
| 4.625%, due 7/1/25 (d)(e) | $ 1,085,000 | $ 789,337 |
| Series XX | ||
| 4.75%, due 7/1/26 (d)(e) | 320,000 | 232,800 |
| Series ZZ | ||
| 4.75%, due 7/1/27 (d)(e) | 405,000 | 295,144 |
| Series A | ||
| 4.80%, due 7/1/29 (d)(e) | 690,000 | 502,838 |
| Series DDD | ||
| 5.00%, due 7/1/20 (d)(e) | 3,250,000 | 2,364,375 |
| Series TT | ||
| 5.00%, due 7/1/20 (d)(e) | 2,195,000 | 1,596,862 |
| Series CCC | ||
| 5.00%, due 7/1/21 (d)(e) | 470,000 | 341,925 |
| Series DDD | ||
| 5.00%, due 7/1/21 (d)(e) | 275,000 | 200,063 |
| Series TT | ||
| 5.00%, due 7/1/21 (d)(e) | 1,215,000 | 883,912 |
| Series TT | ||
| 5.00%, due 7/1/23 (d)(e) | 365,000 | 265,538 |
| Series CCC | ||
| 5.00%, due 7/1/24 (d)(e) | 1,845,000 | 1,342,237 |
| Series TT | ||
| 5.00%, due 7/1/24 (d)(e) | 450,000 | 327,375 |
| Series CCC | ||
| 5.00%, due 7/1/25 (d)(e) | 575,000 | 418,313 |
| Series TT | ||
| 5.00%, due 7/1/25 (d)(e) | 1,030,000 | 749,325 |
| Series TT | ||
| 5.00%, due 7/1/26 (d)(e) | 1,050,000 | 763,875 |
| Series TT, Insured: AG-CR | ||
| 5.00%, due 7/1/27 | 150,000 | 150,179 |
| Series TT | ||
| 5.00%, due 7/1/27 (d)(e) | 1,250,000 | 910,937 |
| Series WW | ||
| 5.00%, due 7/1/28 (d)(e) | 380,000 | 276,925 |
| Series TT | ||
| 5.00%, due 7/1/32 (d)(e) | 9,320,000 | 6,791,950 |
| Series A | ||
| 5.00%, due 7/1/42 (d)(e) | 8,755,000 | 6,380,206 |
| Series A | ||
| 5.05%, due 7/1/42 (d)(e) | 825,000 | 601,219 |
| Series ZZ | ||
| 5.25%, due 7/1/20 (d)(e) | 225,000 | 163,688 |
| Series ZZ | ||
| 5.25%, due 7/1/23 (d)(e) | 620,000 | 451,050 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Puerto Rico | ||
| Puerto Rico Electric Power Authority, Revenue Bonds | ||
| Series AAA | ||
| 5.25%, due 7/1/24 (d)(e) | $ 3,000,000 | $ 2,182,500 |
| Series WW | ||
| 5.25%, due 7/1/25 (d)(e) | 1,605,000 | 1,167,637 |
| Series AAA | ||
| 5.25%, due 7/1/26 (d)(e) | 110,000 | 80,025 |
| Series ZZ | ||
| 5.25%, due 7/1/26 (d)(e) | 3,720,000 | 2,706,300 |
| Series VV, Insured: NATL-RE | ||
| 5.25%, due 7/1/29 | 630,000 | 634,108 |
| Series AAA | ||
| 5.25%, due 7/1/30 (d)(e) | 985,000 | 717,819 |
| Series VV, Insured: NATL-RE | ||
| 5.25%, due 7/1/30 | 3,850,000 | 3,872,702 |
| Series VV, Insured: NATL-RE | ||
| 5.25%, due 7/1/32 | 345,000 | 345,186 |
| Series WW | ||
| 5.25%, due 7/1/33 (d)(e) | 8,310,000 | 6,055,912 |
| Series XX | ||
| 5.25%, due 7/1/35 (d)(e) | 2,265,000 | 1,650,619 |
| Series XX | ||
| 5.25%, due 7/1/40 (d)(e) | 18,055,000 | 13,157,581 |
| Series BBB | ||
| 5.40%, due 7/1/28 (d)(e) | 9,615,000 | 7,006,931 |
| Series WW | ||
| 5.50%, due 7/1/38 (d)(e) | 11,595,000 | 8,449,856 |
| Series XX | ||
| 5.75%, due 7/1/36 (d)(e) | 4,055,000 | 2,955,081 |
| Series A | ||
| 6.75%, due 7/1/36 (d)(e) | 11,550,000 | 8,691,375 |
| Series A | ||
| 7.00%, due 7/1/33 (d)(e) | 1,500,000 | 1,128,750 |
| Series A | ||
| 7.00%, due 7/1/43 (d)(e) | 4,750,000 | 3,574,375 |
| Puerto Rico Electric Power Authority, Build America Bonds, Revenue Bonds (d)(e) | ||
| Series EEE | ||
| 5.95%, due 7/1/30 | 25,585,000 | 18,645,069 |
| Series EEE | ||
| 6.05%, due 7/1/32 | 12,265,000 | 8,938,119 |
| Series YY | ||
| 6.125%, due 7/1/40 | 44,950,000 | 32,757,312 |
| Series EEE | ||
| 6.25%, due 7/1/40 | 10,165,000 | 7,407,744 |
| Puerto Rico Municipal Finance Agency, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 8/1/27 | 700,000 | 700,000 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Puerto Rico | ||
| Puerto Rico Sales Tax Financing Corp., Revenue Bonds | ||
| Series A-1 | ||
| (zero coupon), due 7/1/31 | $ 1,842,000 | $ 1,561,744 |
| Series A-1 | ||
| (zero coupon), due 7/1/46 | 221,114,000 | 80,858,250 |
| Series A-1 | ||
| (zero coupon), due 7/1/51 | 99,595,000 | 26,462,909 |
| (zero coupon), due 8/1/54 | 498,957 | 106,310 |
| Series A-1 | ||
| 4.75%, due 7/1/53 | 30,968,000 | 29,444,272 |
| Series A-2 | ||
| 4.784%, due 7/1/58 | 18,087,000 | 17,123,970 |
| Series B-1 | ||
| 5.00%, due 7/1/58 | 10,000,000 | 9,518,979 |
| Puerto Rico Sales Tax Financing Corp., Restructured, Revenue Bonds | ||
| Series A-2 | ||
| 4.329%, due 7/1/40 | 20,500,000 | 20,038,811 |
| Series A-1 | ||
| 5.00%, due 7/1/58 | 93,191,000 | 89,677,112 |
| 1,165,014,180 | ||
| Rhode Island 0.2% | ||
| Providence Redevelopment Agency, Port Providence Lease, Certificate of Participation | ||
| Series A, Insured: AG | ||
| (zero coupon), due 9/1/26 | 685,000 | 683,248 |
| Series A, Insured: AG | ||
| (zero coupon), due 9/1/29 | 1,835,000 | 1,644,304 |
| Series A, Insured: AG | ||
| (zero coupon), due 9/1/30 | 1,835,000 | 1,578,910 |
| Series A, Insured: AG | ||
| (zero coupon), due 9/1/32 | 1,500,000 | 1,182,422 |
| Series A, Insured: AG | ||
| (zero coupon), due 9/1/34 | 1,000,000 | 717,301 |
| Series A, Insured: AG | ||
| (zero coupon), due 9/1/35 | 360,000 | 245,413 |
| Series A, Insured: AG | ||
| (zero coupon), due 9/1/36 | 470,000 | 303,809 |
| Tobacco Settlement Financing Corp., Revenue Bonds | ||
| Series A | ||
| (zero coupon), due 6/1/52 | 78,620,000 | 10,558,855 |
| 16,914,262 | ||
| South Carolina 0.6% | ||
| County of Berkeley, Nexton Improvement District, Special Assessment | ||
| 4.375%, due 11/1/49 | 1,500,000 | 1,315,909 |
| South Carolina Jobs-Economic Development Authority, Green Charter School Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 6/1/56 (a) | 3,530,000 | 2,362,497 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| South Carolina | ||
| South Carolina Jobs-Economic Development Authority, Bishop Gadsden Episcopal Retirement Community, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 4/1/54 | $ 1,105,000 | $ 1,063,884 |
| South Carolina Jobs-Economic Development Authority, Woodlands at Furman Project, Revenue Bonds | ||
| 5.25%, due 11/15/47 | 5,025,000 | 5,024,493 |
| 5.25%, due 11/15/52 | 1,490,000 | 1,440,534 |
| South Carolina Public Service Authority, Santee Cooper Project, Revenue Bonds | ||
| Series B, Insured: BAM | ||
| 4.00%, due 12/1/46 | 5,710,000 | 5,362,353 |
| Series B, Insured: BAM | ||
| 4.00%, due 12/1/48 | 20,839,000 | 19,051,847 |
| Series B, Insured: BAM | ||
| 4.00%, due 12/1/50 | 4,805,000 | 4,315,484 |
| Series B, Insured: BAM | ||
| 4.00%, due 12/1/54 | 4,932,000 | 4,317,239 |
| Series B, Insured: BAM | ||
| 4.00%, due 12/1/55 | 14,546,000 | 12,679,546 |
| 56,933,786 | ||
| Tennessee 0.4% | ||
| Bartlett Industrial Development Board, Union Depot Project, Tax Allocation | ||
| 6.20%, due 7/1/49 (a) | 3,500,000 | 3,536,443 |
| Chattanooga Health Educational & Housing Facility Board, CommonSpirit Health, Revenue Bonds | ||
| Series A-2 | ||
| 5.00%, due 8/1/44 | 2,640,000 | 2,682,200 |
| Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Belmont University, Revenue Bonds | ||
| Insured: AG-CR | ||
| 4.00%, due 5/1/51 | 13,405,000 | 11,790,155 |
| Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Trevecca Nazarene University Project, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 10/1/51 | 2,830,000 | 2,173,978 |
| Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Revenue Bonds | ||
| 5.00%, due 10/1/48 | 1,880,000 | 1,749,088 |
| Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Lipscomb University Project, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 10/1/58 | 8,650,000 | 8,037,287 |
| Tennessee Energy Acquisition Corp., Commodity Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 5/1/52 (c) | 6,550,000 | 6,826,590 |
| 36,795,741 | ||
| Texas 4.1% | ||
| Bexar County Health Facilities Development Corp., Army Retirement Residence Foundation Project, Revenue Bonds | ||
| 4.00%, due 7/15/45 | 365,000 | 303,482 |
| 5.00%, due 7/15/41 | 3,300,000 | 3,218,384 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| Central Texas Regional Mobility Authority, Capital Appreciation, Revenue Bonds | ||
| (zero coupon), due 1/1/33 | $ 315,000 | $ 248,938 |
| (zero coupon), due 1/1/34 | 3,275,000 | 2,472,431 |
| (zero coupon), due 1/1/35 | 3,700,000 | 2,659,288 |
| (zero coupon), due 1/1/36 | 2,000,000 | 1,363,870 |
| (zero coupon), due 1/1/39 | 3,500,000 | 1,998,824 |
| City of Anna, Sherley Farms Public Improvement District Improvement Area No. 1, Special Assessment (a) | ||
| 5.35%, due 9/15/46 | 1,000,000 | 991,441 |
| 5.70%, due 9/15/56 | 1,500,000 | 1,481,949 |
| City of Anna, Hurricane Creek Public Improvement District Improvement Area No. 3, Special Assessment (a) | ||
| 5.625%, due 9/1/46 | 750,000 | 756,203 |
| 5.875%, due 9/1/56 | 1,150,000 | 1,152,915 |
| City of Arlington, Tax Increment Reinvestment Zone No. 5, Tax Allocation | ||
| 4.00%, due 8/15/50 | 2,855,000 | 2,246,850 |
| City of Gunter, Platinum Ranch Public Improvement District Improvement Area No. 1 Project, Special Assessment | ||
| 6.00%, due 9/15/56 | 2,000,000 | 1,965,848 |
| City of Gunter, Platinum Ranch Public Improvement District Major Improvement Area Project, Special Assessment | ||
| 6.75%, due 9/15/56 | 1,865,000 | 1,835,497 |
| City of Houston, Airport System, United Airlines Inc. Project, Revenue Bonds | ||
| Series B-1 | ||
| 4.00%, due 7/15/41 (b) | 4,100,000 | 3,755,074 |
| City of Houston, Airport System, Revenue Bonds, Sub. Lien | ||
| Series A | ||
| 4.00%, due 7/1/48 (b) | 6,810,000 | 5,885,378 |
| City of Houston, United Airlines, Inc., Revenue Bonds (b) | ||
| Series B | ||
| 5.50%, due 7/15/37 | 4,045,000 | 4,340,274 |
| Series B | ||
| 5.50%, due 7/15/39 | 13,285,000 | 14,079,668 |
| City of Houston, Hotel Occupancy Tax & Special Tax, Revenue Bonds, First Lien | ||
| Series C | ||
| 5.50%, due 9/1/58 | 27,000,000 | 28,417,346 |
| City of Lago Vista, Tessera on Lake Travis Public Improvement District Project, Special Assessment | ||
| Series B | ||
| 4.875%, due 9/1/50 (a) | 1,250,000 | 1,181,309 |
| City of Lowry Crossing, Simpson Road Public Improvement District Projects, Special Assessment | ||
| 6.00%, due 9/15/55 (a) | 1,300,000 | 1,324,497 |
| City of Princeton, Eastridge Public Improvement District Improvement Area No. 4, Special Assessment | ||
| 5.625%, due 9/1/55 (a) | 700,000 | 702,489 |
| City of Princeton, Whitewing Trails Public Improvement Distric No. 2 Improvement Areas No. 3A-3C Project, Special Assessment | ||
| 5.625%, due 9/1/56 | 1,380,000 | 1,356,480 |
| Clifton Higher Education Finance Corp., IDEA Public Schools, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 8/15/47 | 4,030,000 | 3,406,859 |
| County of Denton, Green Meadows Public Improvement District Area No. 1, Special Assessment (a) | ||
| 5.375%, due 12/31/45 | 1,750,000 | 1,804,535 |
| 5.625%, due 12/31/55 | 2,500,000 | 2,547,038 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| County of Medina, Viera Public Improvement District No. 1 Improvement Area No. 1 Project, Special Assessment | ||
| 5.75%, due 9/1/56 | $ 1,000,000 | $ 986,659 |
| Danbury Higher Education Authority, Inc., Golden Rule School, Inc., Revenue Bonds | ||
| Series A | ||
| 4.00%, due 8/15/49 | 1,725,000 | 1,232,789 |
| Grand Parkway Transportation Corp., Grand Parkway System, Revenue Bonds, First Tier | ||
| Series C, Insured: AG-CR | ||
| 4.00%, due 10/1/49 | 72,540,000 | 64,438,123 |
| Harris County Cultural Education Facilities Finance Corp., YMCA Greater Houston Area, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/33 | 900,000 | 852,449 |
| Series A | ||
| 5.00%, due 6/1/38 | 1,960,000 | 1,731,642 |
| Harris County-Houston Sports Authority, Revenue Bonds, Junior Lien | ||
| Series H, Insured: NATL-RE | ||
| (zero coupon), due 11/15/26 | 65,000 | 64,426 |
| Series H, Insured: NATL-RE | ||
| (zero coupon), due 11/15/26 | 535,000 | 530,273 |
| Series H, Insured: NATL-RE | ||
| (zero coupon), due 11/15/29 | 10,000 | 8,966 |
| Series H, Insured: NATL-RE | ||
| (zero coupon), due 11/15/29 | 725,000 | 650,019 |
| Series H, Insured: NATL-RE | ||
| (zero coupon), due 11/15/32 | 250,000 | 195,631 |
| Series H, Insured: NATL-RE | ||
| (zero coupon), due 11/15/33 | 185,000 | 136,126 |
| Series H, Insured: NATL-RE | ||
| (zero coupon), due 11/15/38 | 220,000 | 118,817 |
| Series H, Insured: NATL-RE | ||
| (zero coupon), due 11/15/38 | 1,175,000 | 595,753 |
| Series H, Insured: NATL-RE | ||
| (zero coupon), due 11/15/39 | 455,000 | 230,845 |
| Series H, Insured: NATL-RE | ||
| (zero coupon), due 11/15/39 | 1,070,000 | 508,618 |
| Series H, Insured: NATL-RE | ||
| (zero coupon), due 11/15/40 | 1,095,000 | 521,782 |
| Series H, Insured: NATL-RE | ||
| (zero coupon), due 11/15/40 | 760,000 | 338,164 |
| Series H, Insured: NATL-RE | ||
| (zero coupon), due 11/15/41 | 575,000 | 257,292 |
| Series H, Insured: NATL-RE | ||
| (zero coupon), due 11/15/41 | 125,000 | 52,097 |
| Harris County-Houston Sports Authority, Revenue Bonds, Senior Lien | ||
| Series A, Insured: AG NATL-RE | ||
| (zero coupon), due 11/15/34 | 2,035,000 | 1,353,079 |
| Series A, Insured: AG NATL-RE | ||
| (zero coupon), due 11/15/38 | 35,615,000 | 18,177,551 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| Harris County-Houston Sports Authority, Revenue Bonds, Senior Lien | ||
| Series A, Insured: AG NATL-RE | ||
| (zero coupon), due 11/15/40 | $ 1,310,000 | $ 586,670 |
| Hemphill County Hospital District, Limited General Obligation | ||
| 4.625%, due 2/1/39 | 2,765,000 | 2,514,701 |
| Houston Higher Education Finance Corp., Houston Christian University Project, Revenue Bonds | ||
| 5.25%, due 10/1/54 | 1,500,000 | 1,432,040 |
| Lake Houston Redevelopment Authority, City of Houston Reinvestment Zone No. 10, Revenue Bonds | ||
| 3.00%, due 9/1/47 | 2,330,000 | 1,496,965 |
| Montgomery County Toll Road Authority, Revenue Bonds, Senior Lien | ||
| 5.00%, due 9/15/48 | 2,500,000 | 2,499,993 |
| New Hope Cultural Education Facilities Finance Corp., Jubilee Academic Center, Revenue Bonds (a) | ||
| 4.00%, due 8/15/36 | 1,000,000 | 906,878 |
| 4.00%, due 8/15/41 | 6,315,000 | 5,327,785 |
| 4.00%, due 8/15/46 | 880,000 | 705,165 |
| 4.00%, due 8/15/56 | 6,900,000 | 4,948,971 |
| Series A | ||
| 5.00%, due 8/15/54 | 5,245,000 | 4,581,809 |
| Series A | ||
| 5.00%, due 8/15/59 | 4,400,000 | 3,779,360 |
| New Hope Cultural Education Facilities Finance Corp., CHF-Collegiate Housing Denton LLC, Revenue Bonds | ||
| Series B-1, Insured: AG | ||
| 4.00%, due 7/1/48 | 1,000,000 | 869,686 |
| New Hope Cultural Education Facilities Finance Corp., Westminster Project, Revenue Bonds | ||
| 4.00%, due 11/1/49 | 350,000 | 298,801 |
| 4.00%, due 11/1/55 | 1,250,000 | 1,026,586 |
| 5.00%, due 11/1/55 | 1,200,000 | 1,164,950 |
| 5.00%, due 11/1/60 | 5,000,000 | 4,806,220 |
| New Hope Cultural Education Facilities Finance Corp., Quality Senior Housing Foundation of East Texas, Inc., Revenue Bonds | ||
| Series A-1 | ||
| 4.00%, due 12/1/54 | 555,000 | 430,614 |
| Series A-1 | ||
| 5.00%, due 12/1/54 | 3,770,000 | 3,483,463 |
| New Hope Cultural Education Facilities Finance Corp., Cumberland Academy, Inc., Revenue Bonds (a) | ||
| Series A | ||
| 5.00%, due 8/15/40 | 3,950,000 | 3,548,254 |
| Series A | ||
| 5.00%, due 8/15/50 | 750,000 | 622,895 |
| New Hope Cultural Education Facilities Finance Corp., Southwest Preparatory School, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 8/15/50 (a) | 3,880,000 | 3,471,407 |
| New Hope Cultural Education Facilities Finance Corp., Wesleyan Homes, Inc., Project, Revenue Bonds | ||
| 5.00%, due 1/1/55 | 1,095,000 | 1,011,561 |
| New Hope Cultural Education Facilities Finance Corp., Legacy at Midtown Park Project, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 7/1/54 | 5,900,000 | 5,158,429 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| North Texas Tollway Authority, Revenue Bonds, Second Tier | ||
| Series B, Insured: BAM | ||
| 3.00%, due 1/1/46 | $ 17,800,000 | $ 13,504,760 |
| Parkside on the River Municipal Utility District No. 2, Unlimited General Obligation | ||
| 4.50%, due 8/15/47 | 1,095,000 | 957,345 |
| 4.50%, due 8/15/50 | 1,015,000 | 860,206 |
| Port Freeport, Revenue Bonds, Senior Lien | ||
| 4.00%, due 6/1/51 (b) | 4,035,000 | 3,259,543 |
| Port of Port Arthur Navigation District, Port Improvement, Unlimited General Obligation | ||
| 4.00%, due 3/1/47 (b) | 4,500,000 | 3,790,559 |
| Reagan Hospital District of Reagan County, Limited General Obligation | ||
| Series A | ||
| 5.125%, due 2/1/39 | 1,400,000 | 1,355,512 |
| San Antonio Education Facilities Corp., University of the Incarnate Word, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 4/1/51 | 4,000,000 | 3,216,015 |
| Tarrant County Cultural Education Facilities Finance Corp., Barton Creek Senior Living Center Project, Revenue Bonds | ||
| 5.00%, due 11/15/40 | 1,350,000 | 1,350,080 |
| Tarrant County Cultural Education Facilities Finance Corp., Buckner Retirement Services, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 11/15/40 | 1,250,000 | 1,250,253 |
| Tarrant County Cultural Education Facilities Finance Corp., Buckner Retirement Services, Inc. Project, Revenue Bonds | ||
| 5.00%, due 11/15/46 | 3,025,000 | 2,913,453 |
| Texas Municipal Gas Acquisition & Supply Corp. II, Revenue Bonds | ||
| Series C | ||
| 3.281%, due 9/15/27 | 20,570,000 | 20,602,970 |
| Texas Private Activity Bond Surface Transportation Corp., North Tarrant Express Managed Lanes Project, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 4.00%, due 12/31/37 | 2,120,000 | 2,070,356 |
| Series A | ||
| 4.00%, due 12/31/38 | 2,745,000 | 2,654,802 |
| Series A | ||
| 4.00%, due 12/31/39 | 4,385,000 | 4,192,469 |
| 5.50%, due 12/31/58 (b) | 26,000,000 | 26,642,798 |
| Texas Private Activity Bond Surface Transportation Corp., NTE Mobility Partners Segments 3 LLC, Revenue Bonds, Senior Lien | ||
| 5.00%, due 6/30/58 (b) | 61,890,000 | 60,399,305 |
| Texas Transportation Commission, State Highway 249, Revenue Bonds, First Tier | ||
| Series A | ||
| (zero coupon), due 8/1/43 | 3,750,000 | 1,629,679 |
| Series A | ||
| (zero coupon), due 8/1/44 | 4,200,000 | 1,722,864 |
| Tomball Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 5.00%, due 2/15/48 | 4,185,000 | 4,309,964 |
| 395,834,104 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| U.S. Virgin Islands 2.2% | ||
| Matching Fund Special Purpose Securitization Corp., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/30 | $ 23,765,000 | $ 24,698,197 |
| Series A | ||
| 5.00%, due 10/1/32 | 37,995,000 | 39,983,518 |
| Series A | ||
| 5.00%, due 10/1/39 | 104,875,000 | 107,700,070 |
| Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 10/1/30 (a) | 14,870,000 | 14,908,493 |
| Series A | ||
| 5.00%, due 10/1/32 | 12,100,000 | 12,101,901 |
| Series A | ||
| 5.00%, due 10/1/34 (a) | 2,600,000 | 2,600,101 |
| Series C | ||
| 5.00%, due 10/1/39 (a) | 9,310,000 | 9,001,311 |
| 210,993,591 | ||
| Utah 2.3% | ||
| Arrowhead Springs Public Infrastructure District, Arrowhead Springs Assessment Area, Special Assessment | ||
| 5.625%, due 12/1/54 (a) | 3,200,000 | 3,215,727 |
| Black Desert Public Infrastructure District, Limited General Obligation (a) | ||
| Series A | ||
| 3.75%, due 3/1/41 | 410,000 | 366,777 |
| Series A | ||
| 4.00%, due 3/1/51 | 9,850,000 | 8,032,474 |
| Black Desert Public Infrastructure District, Assessment Area No. 1, Special Assessment | ||
| 5.625%, due 12/1/53 (a) | 17,294,088 | 17,526,078 |
| City of Salt Lake City, Airport, Revenue Bonds (b) | ||
| Series A | ||
| 5.00%, due 7/1/51 | 8,450,000 | 8,462,537 |
| Series A | ||
| 5.25%, due 7/1/48 | 1,750,000 | 1,794,813 |
| Downtown Daybreak Public Infrastructure District No. 1, South Station Housing and Transit Reinvestment Zone, Tax Allocation | ||
| 5.625%, due 3/1/46 (a) | 1,750,000 | 1,772,164 |
| Lomond Heights Public Infrastructure District, Lomond Heights Assessment Area, Special Assessment | ||
| Series A-2 | ||
| 5.625%, due 12/1/55 | 3,600,000 | 3,573,675 |
| Mida Golf and Equestrian Center Public Infrastructure District, Limited General Obligation (a) | ||
| 4.50%, due 6/1/51 | 7,070,000 | 5,797,052 |
| 4.625%, due 6/1/57 | 5,000,000 | 4,036,409 |
| Mida Mountain Village Public Infrastructure District, Assessment Area No. 2, Special Assessment | ||
| 4.00%, due 8/1/50 (a) | 1,900,000 | 1,589,744 |
| Mida Mountain Village Public Infrastructure District, Special Assessment (a) | ||
| Series A | ||
| 4.50%, due 8/1/40 | 1,500,000 | 1,488,578 |
| Series A | ||
| 5.00%, due 8/1/50 | 5,000,000 | 4,879,604 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Utah | ||
| Mida Mountain Village Public Infrastructure District, Tax Allocation (a) | ||
| Series 1 | ||
| 5.50%, due 6/1/50 | $ 1,000,000 | $ 1,011,686 |
| Series 1 | ||
| 5.75%, due 6/1/60 | 2,650,000 | 2,713,412 |
| Military Installation Development Authority, Revenue Bonds | ||
| Series A-1 | ||
| 4.00%, due 6/1/36 | 4,000,000 | 3,923,860 |
| Series A-1 | ||
| 4.00%, due 6/1/41 | 2,430,000 | 2,276,735 |
| Series A-1 | ||
| 4.00%, due 6/1/52 | 12,945,000 | 10,735,898 |
| Series A-2 | ||
| 4.00%, due 6/1/52 | 1,000,000 | 821,963 |
| Moonlight Village Public Infrastructure District No. 1, Limited General Obligation | ||
| Series A | ||
| 6.00%, due 3/1/56 (a) | 1,660,000 | 1,672,462 |
| Skyfall Infrastructure Financing District, Assessment Area No. 1, Special Assessment | ||
| 7.00%, due 12/1/55 (a) | 34,500,000 | 34,342,632 |
| SkyRidge Pegasus Infrastructure Financing District, SkyRidge Pegasus Assessment Area, Special Assessment | ||
| 5.25%, due 12/1/44 (a) | 13,250,000 | 13,225,063 |
| Tech Ridge Public Infrastructure District, Tech Ridge Assessment Area, Special Assessment | ||
| 6.25%, due 12/1/54 (a) | 6,000,000 | 6,172,334 |
| UIPA Crossroads Public Infrastructure District, Tax Allocation | ||
| 4.375%, due 6/1/52 (a) | 7,500,000 | 6,784,606 |
| Utah Charter School Finance Authority, Spectrum Academy Project, Revenue Bonds | ||
| Insured: BAM UT CSCE | ||
| 4.00%, due 4/15/45 | 2,975,000 | 2,687,280 |
| Insured: BAM UT CSCE | ||
| 4.00%, due 4/15/50 | 3,395,000 | 2,936,040 |
| Utah Charter School Finance Authority, North Star Academy, Revenue Bonds | ||
| Series A, Insured: BAM UT CSCE | ||
| 4.00%, due 4/15/45 | 2,020,000 | 1,801,625 |
| Utah Charter School Finance Authority, Vista at Entrada School of Performing Arts & Technology, Revenue Bonds | ||
| Series A, Insured: BAM UT CSCE | ||
| 4.00%, due 10/15/45 | 1,870,000 | 1,636,982 |
| Series A, Insured: BAM UT CSCE | ||
| 4.00%, due 10/15/54 | 4,700,000 | 3,834,207 |
| Utah Charter School Finance Authority, Providence Hall Project, Revenue Bonds | ||
| Series A, Insured: BAM UT CSCE | ||
| 4.00%, due 10/15/51 | 3,000,000 | 2,529,173 |
| Utah Infrastructure Agency, Telecommunication, Revenue Bonds | ||
| 3.00%, due 10/15/45 | 4,425,000 | 3,310,334 |
| 4.00%, due 10/15/42 | 3,970,000 | 3,598,316 |
| Series A | ||
| 5.00%, due 10/15/32 | 1,615,000 | 1,618,175 |
| Series A | ||
| 5.00%, due 10/15/34 | 3,085,000 | 3,068,604 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Utah | ||
| Utah Infrastructure Agency, Telecommunication, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/15/37 | $ 1,100,000 | $ 1,087,600 |
| Series A | ||
| 5.00%, due 10/15/40 | 3,780,000 | 3,692,902 |
| 5.00%, due 10/15/46 | 4,900,000 | 4,864,319 |
| Series A | ||
| 5.375%, due 10/15/40 | 5,910,000 | 5,922,676 |
| 5.625%, due 10/15/38 | 2,530,000 | 2,702,675 |
| 6.00%, due 10/15/47 | 6,350,000 | 6,823,031 |
| Utah Infrastructure Agency, Revenue Bonds | ||
| 4.00%, due 10/15/34 | 1,410,000 | 1,363,066 |
| Verk Industrial Regional Public Infrastructure District, Tax Allocation | ||
| 6.625%, due 9/1/47 (a) | 6,000,000 | 6,337,988 |
| Wolf Creek Infrastructure Financing District No. 1, Assessment Area No. 1, Special Assessment | ||
| 5.75%, due 12/1/44 | 11,923,259 | 12,293,802 |
| 218,325,078 | ||
| Vermont 0.1% | ||
| Vermont Economic Development Authority, Wake Robin Corp. Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 5/1/45 | 2,350,000 | 2,037,055 |
| Vermont Student Assistance Corp., Education Loan, Revenue Bonds | ||
| Series B | ||
| 4.50%, due 6/15/45 (b) | 3,500,000 | 3,071,685 |
| 5,108,740 | ||
| Virginia 1.8% | ||
| Chesapeake Bay Bridge & Tunnel District, First Tier General Resolution, Revenue Bonds, First Tier | ||
| 5.00%, due 7/1/51 | 8,870,000 | 8,629,979 |
| Farmville Industrial Development Authority, Longwood University Student Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/48 | 6,700,000 | 6,187,024 |
| Series A | ||
| 5.00%, due 1/1/55 | 16,100,000 | 14,245,047 |
| Farmville Industrial Development Authority, Longwood University Student Housing Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/59 | 7,255,000 | 6,321,334 |
| Henrico County Economic Development Authority, LifeSpire of Virginia, Residential Care Facility, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 12/1/47 | 2,200,000 | 2,202,280 |
| James City County Economic Development Authority, Williamsburg Landing, Inc., Revenue Bonds | ||
| Series A | ||
| 4.00%, due 12/1/50 | 3,235,000 | 2,625,572 |
| Lynchburg Economic Development Authority, Randolph College Project, Revenue Bonds | ||
| 5.00%, due 9/1/48 | 3,455,000 | 3,290,979 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Virginia | ||
| Roanoke Economic Development Authority, Lynchburg College, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 9/1/48 | $ 4,590,000 | $ 3,602,477 |
| Salem Economic Development Authority, Educational Facilities, Roanoke College, Revenue Bonds | ||
| 4.00%, due 4/1/45 | 840,000 | 724,266 |
| 5.00%, due 4/1/49 | 1,000,000 | 953,116 |
| Tobacco Settlement Financing Corp., Tobacco Settlement Asset-Backed, Revenue Bonds | ||
| Series A-1 | ||
| 6.706%, due 6/1/46 | 25,465,000 | 18,281,418 |
| Virginia College Building Authority, Regent University Project, Revenue Bonds | ||
| 3.00%, due 6/1/41 | 9,500,000 | 7,280,319 |
| 4.00%, due 6/1/46 | 1,360,000 | 1,150,779 |
| 6.00%, due 6/1/55 | 3,200,000 | 3,314,594 |
| Virginia College Building Authority, Marymount University Project, Green Bond, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 7/1/45 (a) | 1,945,000 | 1,481,810 |
| Virginia Small Business Financing Authority, Elizabeth River Crossings OpCo LLC, Revenue Bonds, Senior Lien | ||
| 3.00%, due 1/1/41 (b) | 4,000,000 | 3,155,698 |
| Virginia Small Business Financing Authority, 95 Express Lanes LLC, Revenue Bonds, Senior Lien (b) | ||
| 4.00%, due 7/1/39 | 1,380,000 | 1,317,914 |
| 4.00%, due 1/1/48 | 20,170,000 | 17,804,769 |
| 5.00%, due 1/1/36 | 1,345,000 | 1,396,589 |
| 5.00%, due 1/1/38 | 3,000,000 | 3,091,406 |
| Virginia Small Business Financing Authority, National Senior Campuses, Inc., Revenue Bonds | ||
| Series A | ||
| 4.00%, due 1/1/45 | 2,510,000 | 2,324,795 |
| Virginia Small Business Financing Authority, National Senior Campuses Inc. Obligated Group, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 1/1/51 | 11,840,000 | 10,386,284 |
| Virginia Small Business Financing Authority, Capital Beltway Express LLC, Revenue Bonds, Senior Lien | ||
| 5.00%, due 12/31/47 (b) | 6,000,000 | 6,029,237 |
| Virginia Small Business Financing Authority, I-495 Hot Lanes Project, Revenue Bonds, Senior Lien (b) | ||
| 5.00%, due 12/31/52 | 5,645,000 | 5,471,204 |
| 5.00%, due 12/31/57 | 11,460,000 | 10,996,535 |
| Virginia Small Business Financing Authority, Transform 66 P3 Project, Revenue Bonds, Senior Lien | ||
| 5.00%, due 12/31/56 (b) | 28,125,000 | 27,587,790 |
| 169,853,215 | ||
| Washington 1.3% | ||
| Grant County Public Hospital District No. 1, Unlimited General Obligation | ||
| 5.125%, due 12/1/48 | 3,945,000 | 3,885,758 |
| 5.125%, due 12/1/52 | 2,550,000 | 2,449,901 |
| Pend Oreille County Public Utility District No. 1, Green Bond, Revenue Bonds | ||
| 4.00%, due 1/1/41 | 3,000,000 | 2,824,546 |
| 5.00%, due 1/1/48 | 5,130,000 | 5,147,861 |
| Port of Seattle, Intermediate Lien, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 8/1/47 (b) | 5,800,000 | 5,862,848 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Washington | ||
| Port of Seattle Industrial Development Corp., Delta Air Lines, Inc., Revenue Bonds | ||
| 5.00%, due 4/1/30 (b) | $ 1,825,000 | $ 1,826,947 |
| Washington Health Care Facilities Authority, CommonSpirit Health, Revenue Bonds | ||
| Series A-2 | ||
| 5.00%, due 8/1/44 | 8,685,000 | 8,823,830 |
| Washington Higher Education Facilities Authority, Whitworth University Project, Revenue Bonds | ||
| 4.00%, due 10/1/38 | 1,665,000 | 1,486,950 |
| Washington State Convention Center Public Facilities District, Lodging Tax, Revenue Bonds | ||
| Series B | ||
| 3.00%, due 7/1/43 | 5,565,000 | 4,532,044 |
| Series B | ||
| 3.00%, due 7/1/48 | 2,465,000 | 1,847,210 |
| Series B | ||
| 3.00%, due 7/1/58 | 8,875,000 | 5,695,198 |
| Series B, Insured: BAM | ||
| 3.00%, due 7/1/58 | 13,510,000 | 9,298,316 |
| Series B, Insured: AG-CR | ||
| 3.00%, due 7/1/58 | 4,000,000 | 2,607,112 |
| Insured: AG-CR | ||
| 4.00%, due 7/1/58 | 8,810,000 | 7,321,374 |
| Series B, Insured: AG-CR | ||
| 4.00%, due 7/1/58 | 1,750,000 | 1,488,518 |
| 5.00%, due 7/1/58 | 9,750,000 | 9,441,038 |
| Washington State Convention Center Public Facilities District, Revenue Bonds | ||
| Series B | ||
| 3.00%, due 7/1/58 | 3,690,000 | 2,503,904 |
| Washington State Convention Center Public Facilities District, Lodging, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 7/1/48 | 1,010,000 | 878,403 |
| Washington State Housing Finance Commission, Eliseo Project, Revenue Bonds (a) | ||
| Series A | ||
| 4.00%, due 1/1/41 | 3,820,000 | 3,238,476 |
| Series A | ||
| 4.00%, due 1/1/51 | 1,700,000 | 1,238,869 |
| Series A | ||
| 4.00%, due 1/1/57 | 7,785,000 | 5,393,856 |
| Washington State Housing Finance Commission, Riverview Retirement Community, Revenue Bonds | ||
| 5.00%, due 1/1/48 | 2,800,000 | 2,635,428 |
| Washington State Housing Finance Commission, Blakeley and Laurel Villages Project, Revenue Bonds (a) | ||
| Series A | ||
| 5.50%, due 7/1/50 | 7,700,000 | 7,722,492 |
| Series A | ||
| 5.75%, due 7/1/60 | 10,400,000 | 10,511,800 |
| Series B | ||
| 7.00%, due 7/1/64 | 2,500,000 | 2,579,203 |
| Whidbey Island Public Hospital District, Whidbey General Hospital, Limited General Obligation | ||
| 3.75%, due 12/1/32 | 100,000 | 81,635 |
| 4.00%, due 12/1/37 | 305,000 | 223,340 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Washington | ||
| Whidbey Island Public Hospital District, Unlimited General Obligation | ||
| 5.375%, due 12/1/39 | $ 9,520,000 | $ 8,757,018 |
| 5.50%, due 12/1/33 | 2,070,000 | 1,990,568 |
| 122,294,443 | ||
| West Virginia 0.4% | ||
| County of Monongalia, Development District No. 4 University Town Center, Tax Allocation | ||
| Series A | ||
| 6.00%, due 6/1/53 (a) | 4,170,000 | 4,352,913 |
| County of Ohio, Fort Henry Centre Tax Increment Financing District No. 1, Tax Allocation | ||
| 5.25%, due 6/1/44 | 1,250,000 | 1,265,595 |
| 5.25%, due 6/1/53 | 2,000,000 | 1,946,976 |
| Glenville State College, Board of Governors, Revenue Bonds | ||
| 5.25%, due 6/1/47 | 3,300,000 | 3,013,246 |
| Monongalia County Commission Excise Tax District, University Town Centre, Revenue Bonds | ||
| Series A | ||
| 4.125%, due 6/1/43 (a) | 910,000 | 842,049 |
| Monongalia County Commission Excise Tax District, University Town Center, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 6/1/37 (a) | 4,000,000 | 4,027,926 |
| West Virginia Hospital Finance Authority, Cabell Huntington Hospital, Revenue Bonds | ||
| Series A, Insured: AG-CR | ||
| 4.00%, due 1/1/37 | 4,825,000 | 4,560,337 |
| Series A, Insured: AG-CR | ||
| 4.00%, due 1/1/38 | 2,500,000 | 2,354,953 |
| Series A, Insured: AG-CR | ||
| 4.125%, due 1/1/47 | 13,200,000 | 11,458,247 |
| 33,822,242 | ||
| Wisconsin 3.9% | ||
| Public Finance Authority, Cole Ranch Project, Revenue Bonds | ||
| (zero coupon), due 12/15/40 (a) | 10,000,000 | 3,389,447 |
| Public Finance Authority, Wonderful Foundations Charter School, Revenue Bonds (a) | ||
| Series B | ||
| (zero coupon), due 1/1/60 | 70,900,000 | 6,267,127 |
| Series A-1 | ||
| 5.00%, due 1/1/55 | 18,765,000 | 15,849,964 |
| Public Finance Authority, North Carolina Leadership Charter Academy, Inc., Revenue Bonds | ||
| Series A | ||
| 4.00%, due 6/15/29 (a) | 120,000 | 118,819 |
| Public Finance Authority, Methodist University, Inc. (The), Revenue Bonds | ||
| 4.00%, due 3/1/30 (a) | 950,000 | 908,431 |
| Public Finance Authority, National Gypsum Co., Revenue Bonds | ||
| 4.00%, due 8/1/35 (b) | 4,000,000 | 3,817,064 |
| Public Finance Authority, Roseman University of Health Sciences, Revenue Bonds (a) | ||
| 4.00%, due 4/1/42 | 1,390,000 | 1,213,152 |
| 4.00%, due 4/1/42 | 100,000 | 103,596 |
| 4.00%, due 4/1/52 | 3,000,000 | 2,332,712 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Wisconsin | ||
| Public Finance Authority, Roseman University of Health Sciences, Revenue Bonds (a) | ||
| 5.00%, due 4/1/30 | $ 100,000 | $ 104,133 |
| 5.00%, due 4/1/30 | 500,000 | 508,031 |
| 5.00%, due 4/1/40 | 300,000 | 295,885 |
| 5.00%, due 4/1/50 | 100,000 | 106,446 |
| 5.00%, due 4/1/50 | 1,400,000 | 1,284,528 |
| Public Finance Authority, Fellowship Senior Living Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 1/1/46 | 11,260,000 | 9,503,173 |
| Series A | ||
| 4.00%, due 1/1/52 | 3,130,000 | 2,454,710 |
| Public Finance Authority, Appalachian State University Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 4.00%, due 7/1/50 | 1,000,000 | 864,204 |
| Series A, Insured: AG | ||
| 4.00%, due 7/1/55 | 1,250,000 | 1,044,606 |
| Series A, Insured: AG | ||
| 4.00%, due 7/1/59 | 775,000 | 633,922 |
| Public Finance Authority, UNC Health Southeastern, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 2/1/51 | 3,970,000 | 2,984,775 |
| Public Finance Authority, Fargo-Moorhead Metropolitan Area Flood Risk Management Project, Revenue Bonds (b) | ||
| 4.00%, due 9/30/51 | 17,860,000 | 14,904,241 |
| 4.00%, due 3/31/56 | 8,965,000 | 7,238,065 |
| Public Finance Authority, The United Methodist Retirement Homes, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 10/1/51 | 3,580,000 | 3,065,197 |
| Public Finance Authority, Appalachian Regional Healthcare System Obligated Group, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/56 | 2,250,000 | 1,597,896 |
| Public Finance Authority, Givens Estates, Revenue Bonds | ||
| 4.00%, due 12/1/56 | 4,500,000 | 3,568,071 |
| Public Finance Authority, Ultimate Medical Academy Project, Revenue Bonds (a) | ||
| Series A | ||
| 5.00%, due 10/1/28 | 1,000,000 | 1,030,635 |
| Series A | ||
| 5.00%, due 10/1/29 | 2,000,000 | 2,079,527 |
| Series A | ||
| 5.00%, due 10/1/34 | 1,090,000 | 1,122,882 |
| Series A | ||
| 5.00%, due 10/1/39 | 16,300,000 | 16,593,508 |
| Public Finance Authority, Carmelite System, Inc. Obligated Group (The), Revenue Bonds | ||
| 5.00%, due 1/1/40 | 6,535,000 | 6,601,622 |
| 5.00%, due 1/1/45 | 560,000 | 562,748 |
| Public Finance Authority, TrIPs Obligated Group, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 7/1/42 (b) | 1,025,000 | 1,024,990 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Wisconsin | ||
| Public Finance Authority, TrIPs Obligated Group, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 7/1/42 | $ 4,500,000 | $ 4,499,958 |
| Public Finance Authority, NC A&T Real Estate Foundation LLC Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/44 | 1,350,000 | 1,333,615 |
| Series B | ||
| 5.00%, due 6/1/49 | 2,720,000 | 2,616,231 |
| Public Finance Authority, Guilford College, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/48 | 1,570,000 | 1,290,471 |
| 5.50%, due 1/1/47 | 5,860,000 | 5,097,227 |
| Public Finance Authority, Coral Academy of Science Las Vegas, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/48 | 2,000,000 | 1,876,046 |
| Public Finance Authority, Wilson Preparatory Academy, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/15/49 (a) | 1,100,000 | 974,867 |
| Public Finance Authority, The Franklin School Of Innovation, Inc., Revenue Bonds | ||
| 5.00%, due 1/1/57 (a) | 4,700,000 | 3,804,708 |
| Public Finance Authority, Nevada State College, Revenue Bonds (a) | ||
| Series A | ||
| 5.00%, due 5/1/60 | 6,375,000 | 4,210,645 |
| Series B | ||
| 9.00%, due 5/1/71 | 2,985,000 | 1,435,031 |
| Public Finance Authority, CHF-Cullowhee, LLC - Western Carolina University Project, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 7/1/47 | 2,000,000 | 1,914,370 |
| Public Finance Authority, KSU Bixby Real Estate Foundation LLC Project, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.25%, due 6/15/50 | 1,000,000 | 1,028,677 |
| Series A | ||
| 5.25%, due 6/15/55 | 1,500,000 | 1,532,800 |
| Public Finance Authority, KSU Bixby Real Estate Foundation LLC Project, Revenue Bonds | ||
| Series C | ||
| 5.75%, due 6/15/55 | 1,000,000 | 1,017,173 |
| Public Finance Authority, North East Carolina Preparatory School, Inc., Revenue Bonds | ||
| Series A | ||
| 5.25%, due 6/15/54 | 1,000,000 | 970,036 |
| Public Finance Authority, AIDS Healthcare Foundation Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 12/1/54 | 5,000,000 | 5,045,303 |
| Public Finance Authority, Nolina & Sorella Projects, Revenue Bonds | ||
| 5.50%, due 12/15/32 (a) | 1,358,748 | 1,358,287 |
| Public Finance Authority, CHF - Manoa LLC, Revenue Bonds, Senior Lien (a) | ||
| Series A | ||
| 5.75%, due 7/1/53 | 3,950,000 | 3,768,891 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Wisconsin | ||
| Public Finance Authority, CHF - Manoa LLC, Revenue Bonds, Senior Lien (a) | ||
| Series A | ||
| 5.75%, due 7/1/63 | $ 20,150,000 | $ 18,827,876 |
| Public Finance Authority, Georgia SR 400 Express Lanes Project, Revenue Bonds, Senior Lien (b) | ||
| 5.75%, due 6/30/60 | 31,660,000 | 32,763,297 |
| 5.75%, due 12/31/65 | 113,475,000 | 117,184,918 |
| 6.50%, due 12/31/65 | 27,000,000 | 29,567,735 |
| Public Finance Authority, Lake Erie College Project, Revenue Bonds | ||
| Series A | ||
| 5.875%, due 10/1/54 (a)(d)(e) | 2,000,000 | 993,149 |
| Public Finance Authority, Irving Convention Center Hotel Project, Revenue Bonds | ||
| Series A-2 | ||
| 7.00%, due 1/1/50 (a) | 12,440,000 | 13,197,786 |
| Wisconsin Health & Educational Facilities Authority, HOPE Christian Schools, Revenue Bonds | ||
| 3.00%, due 12/1/31 | 385,000 | 337,873 |
| Wisconsin Health & Educational Facilities Authority, Children's Hospital of Wisconsin Obligated Group, Revenue Bonds | ||
| 3.00%, due 8/15/52 | 2,000,000 | 1,372,606 |
| Wisconsin Health & Educational Facilities Authority, Benevolent Corp. Cedar Community, Revenue Bonds | ||
| 5.00%, due 6/1/45 | 1,165,000 | 1,156,831 |
| 5.50%, due 6/1/61 | 3,500,000 | 3,465,223 |
| Wisconsin Health & Educational Facilities Authority, Sauk-Prairie Memorial Hospital Inc. Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.375%, due 2/1/48 | 3,300,000 | 3,130,164 |
| 378,945,901 | ||
| Total Long-Term Municipal Bonds (Cost $9,166,406,609) | 8,970,007,277 | |
| Short-Term Municipal Notes 3.6% | ||
| Arizona 0.4% | ||
| Maricopa County Industrial Development Authority, Banner Health, Revenue Bonds | ||
| Series B-2 | ||
| 3.74%, due 1/1/61 (g) | 34,625,000 | 34,625,000 |
| California 0.4% | ||
| Alameda County Industrial Development Authority, Santini Foods, Inc. Project, Revenue Bonds | ||
| Series A | ||
| 3.22%, due 12/1/40 (g) | 1,330,000 | 1,330,000 |
| California Enterprise Development Authority, Sconza Candy Co. Project, Revenue Bonds | ||
| Series A | ||
| 3.23%, due 7/1/33 (g) | 4,705,000 | 4,705,000 |
| Pasadena Public Financing Authority, Paseo Colorado Parking Facilities, Revenue Bonds | ||
| 3.84%, due 6/1/38 (g) | 13,635,000 | 13,635,000 |
| Tender Option Bond Trust Receipts, Revenue Bonds | ||
| 4.03%, due 7/1/50 (a)(g) | 16,000,000 | 16,000,000 |
| 35,670,000 | ||
| Principal Amount | Value | |
| Short-Term Municipal Notes | ||
| Connecticut 0.1% | ||
| Tender Option Bond Trust Receipts, Revenue Bonds | ||
| 2.20%, due 7/1/48 (a)(g) | $ 8,100,000 | $ 8,100,000 |
| Idaho 0.1% | ||
| Idaho Health Facilities Authority, St. Luke's Health System Project, Revenue Bonds | ||
| Series D | ||
| 2.95%, due 3/1/60 (g) | 13,900,000 | 13,900,000 |
| Illinois 0.3% | ||
| Tender Option Bond Trust Receipts, Revenue Bonds | ||
| Insured: AG | ||
| 2.31%, due 1/1/53 (a)(g) | 27,500,000 | 27,500,000 |
| Kentucky 0.1% | ||
| County of Meade, Nucor Steel Brandenburg Project, Revenue Bonds | ||
| Series B-1 | ||
| 3.50%, due 8/1/61 (g) | 8,400,000 | 8,400,000 |
| Maryland 0.1% | ||
| Maryland Economic Development Corp., Howard Hughes Medical Institute, Revenue Bonds | ||
| Series B | ||
| 2.00%, due 5/15/43 (g) | 12,575,000 | 12,575,000 |
| Michigan 0.1% | ||
| Eastern Michigan University, Revenue Bonds | ||
| Series B | ||
| 3.05%, due 3/1/52 (g) | 13,785,000 | 13,785,000 |
| New Hampshire 0.3% | ||
| New Hampshire Business Finance Authority, Novant Health Obligated Group, Revenue Bonds | ||
| Series B | ||
| 3.05%, due 11/1/64 (g) | 30,000,000 | 30,000,000 |
| New York 0.6% | ||
| BlackRock MuniYield Quality Fund, Inc. | ||
| 2.32%, due 2/1/56 (a)(b)(g) | 10,000,000 | 10,000,000 |
| New York City Transitional Finance Authority, Revenue Bonds | ||
| Series A-4 | ||
| 3.05%, due 8/1/45 (g) | 40,000,000 | 40,000,000 |
| New York State Housing Finance Agency, 160 Madison Avenue Housing, Revenue Bonds | ||
| Series B | ||
| 3.66%, due 11/1/46 (g) | 5,600,000 | 5,600,000 |
| 55,600,000 | ||
| Principal Amount | Value | |
| Short-Term Municipal Notes | ||
| Ohio 0.3% | ||
| State of Ohio, Cleveland Clinic Health System, Revenue Bonds | ||
| Series E | ||
| 3.00%, due 1/1/52 (g) | $ 27,000,000 | $ 27,000,000 |
| Tender Option Bond Trust Receipts, Revenue Bonds | ||
| 2.20%, due 5/1/54 (a)(g) | 5,630,000 | 5,630,000 |
| 32,630,000 | ||
| Pennsylvania 0.3% | ||
| Allegheny County Higher Education Building Authority, Carnegie Mellon University, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 12/1/37 (g) | 15,010,000 | 15,010,000 |
| Pennsylvania Economic Development Financing Authority, UPMC, Revenue Bonds | ||
| Series D | ||
| 3.00%, due 5/15/53 (g) | 12,565,000 | 12,565,000 |
| Pennsylvania Higher Educational Facilities Authority, Thomas Jefferson University, Revenue Bonds | ||
| Series D-3 | ||
| 3.15%, due 11/1/61 (g) | 2,000,000 | 2,000,000 |
| 29,575,000 | ||
| Texas 0.2% | ||
| City of Houston, Combined Utility System, Revenue Bonds, First Lien | ||
| Series B | ||
| 2.19%, due 5/15/34 (g) | 1,850,000 | 1,850,000 |
| Harris County Cultural Education Facilities Finance Corp., Houston Methodist, Revenue Bonds | ||
| Series D | ||
| 3.00%, due 12/1/60 (g) | 16,000,000 | 16,000,000 |
| 17,850,000 | ||
| Virginia 0.3% | ||
| Winchester Economic Development Authority, Valley Health System Obligated Group, Revenue Bonds | ||
| Series B-2 | ||
| 3.10%, due 1/1/54 (g) | 26,000,000 | 26,000,000 |
| Total Short-Term Municipal Notes (Cost $346,210,000) | 346,210,000 | |
| Total Municipal Bonds (Cost $9,512,616,609) | 9,316,217,277 | |
| Long-Term Bonds 0.3% | ||
| Corporate Bonds 0.3% | ||
| Commercial Services 0.1% | ||
| Howard University | ||
| Series 21A | ||
| 4.756%, due 10/1/51 | 5,200,000 | 4,042,904 |
| Toll Road Investors Partnership II LP (a) | ||
| (zero coupon), due 2/15/41 | 20,000,000 | 6,315,122 |
| (zero coupon), due 2/15/46 | 9,250,000 | 1,815,545 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Commercial Services | ||
| Wildflower Improvement Association | ||
| 6.625%, due 3/1/31 (a) | $ 1,465,177 | $ 1,428,744 |
| 13,602,315 | ||
| Diversified Financial Services 0.1% | ||
| Churchill LBC LLC | ||
| Series 2025 | ||
| 9.25%, due 1/1/31 (a) | 6,700,000 | 6,658,969 |
| Healthcare-Services 0.1% | ||
| Toledo Hospital (The) | ||
| 6.015%, due 11/15/48 | 9,350,000 | 8,625,835 |
| Total Corporate Bonds (Cost $28,998,678) | 28,887,119 | |
| Total Long-Term Bonds (Cost $28,998,678) | 28,887,119 | |
| Shares | ||
| Closed-End Funds 0.5% | ||
| California 0.0% ‡ | ||
| BlackRock MuniHoldings California Quality Fund, Inc. | 73,110 | 773,504 |
| Maryland 0.0% ‡ | ||
| Pioneer Municipal Income Advantage Fund, Inc. (h) | 87,943 | 27,579 |
| Pioneer Municipal Income Fund, Inc (h) | 100,148 | 20,340 |
| 47,919 | ||
| Massachusetts 0.0% ‡ | ||
| Eaton Vance Municipal Bond Fund | 55,528 | 530,848 |
| Michigan 0.0% ‡ | ||
| BlackRock MuniYield Michigan Quality Fund, Inc. | 176,992 | 2,159,302 |
| Multi-State 0.3% | ||
| BlackRock Municipal 2030 Target Term Trust | 427,334 | 9,572,281 |
| BlackRock MuniYield Quality Fund III, Inc. | 135,651 | 1,446,040 |
| BlackRock MuniYield Quality Fund, Inc. | 989,951 | 11,087,451 |
| 22,105,772 | ||
| New Jersey 0.1% | ||
| BlackRock MuniHoldings Fund, Inc. | 715,667 | 8,208,701 |
| BlackRock MuniHoldings New Jersey Quality Fund, Inc. | 287,530 | 3,441,734 |
| 11,650,435 | ||
| Shares | Value | ||
| Closed-End Funds | |||
| New York 0.1% | |||
| BlackRock MuniYield New York Quality Fund, Inc. | 1,112,304 | $ 10,789,349 | |
| Total Closed-End Funds (Cost $57,568,530) | 48,057,129 | ||
| Short-Term Investment 1.8% | |||
| Unaffiliated Investment Company 1.8% | |||
| BNY Dreyfus Government Cash Management - Institutional Shares, 3.552% (i) | 173,958,757 | 173,958,757 | |
| Total Short-Term Investment (Cost $173,958,757) | 173,958,757 | ||
| Total Investments (Cost $9,773,142,574) | 99.2% | 9,567,120,282 | |
| Other Assets, Less Liabilities | 0.8 | 80,452,993 | |
| Net Assets | 100.0% | $ 9,647,573,275 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| ‡ | Less than one-tenth of a percent. |
| (a) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (b) | Interest on these securities is subject to alternative minimum tax. |
| (c) | Coupon rate may change based on changes of the underlying collateral or prepayments of principal. Rate shown was the rate in effect as of July 31, 2026. |
| (d) | Issue in default. |
| (e) | Issue in non-accrual status. |
| (f) | Step coupon—Rate shown was the rate in effect as of July 31, 2026. |
| (g) | Variable-rate demand notes (VRDNs)—Provide the right to sell the security at face value on either that day or within the rate-reset period. VRDNs will normally trade as if the maturity is the earlier put date, even though stated maturity is longer. The interest rate is reset on the put date at a stipulated daily, weekly, monthly, quarterly, or other specified time interval to reflect current market conditions. These securities do not indicate a reference rate and spread in their description. The maturity date shown is the final maturity. |
| (h) | Non-income producing security. |
| (i) | Current yield as of July 31, 2026. |
| Type | Number of Contracts | Expiration Date | Value at Trade Date | Current Notional Amount | Unrealized Appreciation (Depreciation)2 |
| Short Contracts | |||||
| U.S. Treasury 10 Year Ultra Bonds | (1,375) | September 2026 | $ (152,771,701) | $ (150,841,797) | $ 1,929,904 |
| U.S. Treasury Long Bonds | (2,100) | September 2026 | (232,302,267) | (227,456,250) | 4,846,017 |
| Net Unrealized Appreciation | $ 6,775,921 |
| 1. | As of July 31, 2026, cash in the amount of $11,276,250 was on deposit with a broker or futures commission merchant for futures transactions. |
| 2. | Represents the difference between the value of the contracts at the time they were opened and the value as of July 31, 2026. |
| Abbreviation(s): |
| AG—Assured Guaranty Ltd. |
| AMBAC—Ambac Assurance Corp. |
| BAM—Build America Mutual Assurance Co. |
| CHF—Collegiate Housing Foundation |
| CR—Custodial Receipts |
| MUN GOVT GTD—Municipal Government Guaranteed |
| NATL-RE—National Public Finance Guarantee Corp. |
| PSF-GTD—Permanent School Fund Guaranteed |
| SD CRED PROG—School District Credit Enhancement Program |
| UT CSCE—Utah Charter School Credit Enhancement Program |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Municipal Bonds | |||||||
| Long-Term Municipal Bonds | $ — | $ 8,970,007,277 | $ — | $ 8,970,007,277 | |||
| Short-Term Municipal Notes | — | 346,210,000 | — | 346,210,000 | |||
| Total Municipal Bonds | — | 9,316,217,277 | — | 9,316,217,277 | |||
| Long-Term Bonds | |||||||
| Corporate Bonds | — | 28,887,119 | — | 28,887,119 | |||
| Total Corporate Bonds | — | 28,887,119 | — | 28,887,119 | |||
| Closed-End Funds | 48,009,210 | 47,919 | — | 48,057,129 | |||
| Short-Term Investment | |||||||
| Unaffiliated Investment Company | 173,958,757 | — | — | 173,958,757 | |||
| Total Investments in Securities | 221,967,967 | 9,345,152,315 | — | 9,567,120,282 | |||
| Other Financial Instruments | |||||||
| Futures Contracts (b) | 6,775,921 | — | — | 6,775,921 | |||
| Total Investments in Securities and Other Financial Instruments | $ 228,743,888 | $ 9,345,152,315 | $ — | $ 9,573,896,203 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| (b) | The value listed for these securities reflects unrealized appreciation (depreciation) as shown on the Portfolio of Investments. |
| Principal Amount | Value | |
| Municipal Bonds 97.5% | ||
| Long-Term Municipal Bonds 95.6% | ||
| Certificate of Participation/Lease 0.1% | ||
| Rensselaer City School District | ||
| Insured: AG State Aid Withholding | ||
| 4.00%, due 6/1/34 | $ 650,000 | $ 649,560 |
| Insured: AG State Aid Withholding | ||
| 4.00%, due 6/1/35 | 850,000 | 848,340 |
| 1,497,900 | ||
| Education 12.2% | ||
| Albany Capital Resource Corp., Albany College of Pharmacy and Health Sciences, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/33 | 150,000 | 150,038 |
| Albany Capital Resource Corp., Albany Leadership Charter High School For Girls Project, Revenue Bonds | ||
| 5.00%, due 6/1/49 (a)(b) | 2,380,000 | 1,536,711 |
| Albany Capital Resource Corp., Brighter Choice Elementary Charter Schools, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 4/1/37 | 2,065,000 | 1,877,764 |
| Albany Capital Resource Corp., Equitable School Revolving Fund LLC, Revenue Bonds | ||
| Series D | ||
| 4.00%, due 11/1/46 | 3,000,000 | 2,750,196 |
| Amherst Development Corp., Daemen College Project, Revenue Bonds | ||
| 4.00%, due 10/1/37 | 1,500,000 | 1,386,541 |
| 5.00%, due 10/1/43 | 2,000,000 | 1,895,134 |
| 5.00%, due 10/1/48 | 2,000,000 | 1,834,493 |
| Buffalo & Erie County Industrial Land Development Corp., D'Youville College Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 11/1/40 | 1,785,000 | 1,512,645 |
| Series A | ||
| 4.00%, due 11/1/45 | 4,800,000 | 3,762,993 |
| Series A | ||
| 4.00%, due 11/1/50 | 2,500,000 | 1,848,113 |
| Buffalo & Erie County Industrial Land Development Corp., Tapestry Charter School Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 8/1/47 | 1,500,000 | 1,465,720 |
| Series A | ||
| 5.00%, due 8/1/52 | 3,995,000 | 3,759,464 |
| Build NYC Resource Corp., Bold Charter School Project, Revenue Bonds (c) | ||
| 5.625%, due 7/1/45 | 3,000,000 | 3,009,100 |
| 6.00%, due 7/1/60 | 5,335,000 | 5,341,394 |
| Build NYC Resource Corp., Brilla College Preparatory Charter Schools, Revenue Bonds (c) | ||
| Series A | ||
| 4.00%, due 11/1/41 | 1,000,000 | 864,212 |
| Series A | ||
| 4.00%, due 11/1/51 | 600,000 | 468,005 |
| Build NYC Resource Corp., Children's Aid Society Project, Revenue Bonds | ||
| 5.00%, due 7/1/45 | 1,120,000 | 1,082,337 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Education | ||
| Build NYC Resource Corp., Grand Concourse Academy Charter School Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/42 | $ 600,000 | $ 591,041 |
| Series A | ||
| 5.00%, due 7/1/56 | 1,960,000 | 1,802,286 |
| Series B | ||
| 5.00%, due 7/1/62 | 2,000,000 | 1,811,019 |
| Build NYC Resource Corp., Inwood Academy Leadership Charter School Project, Revenue Bonds (c) | ||
| Series A | ||
| 5.125%, due 5/1/38 | 1,150,000 | 1,141,309 |
| Series A | ||
| 5.50%, due 5/1/48 | 1,500,000 | 1,455,081 |
| Build NYC Resource Corp., Kipp NYC Public Charter Schools, Revenue Bonds | ||
| 5.00%, due 7/1/42 | 1,000,000 | 1,018,483 |
| 5.25%, due 7/1/52 | 5,845,000 | 5,860,688 |
| Build NYC Resource Corp., Manhattan College Project, Revenue Bonds | ||
| 4.00%, due 8/1/42 | 1,500,000 | 1,237,733 |
| Build NYC Resource Corp., Metropolitan College of New York, Revenue Bonds | ||
| 5.50%, due 11/1/44 (a)(b) | 903,113 | 722,490 |
| Build NYC Resource Corp., Metropolitan Lighthouse Charter School Project, Revenue Bonds (c) | ||
| Series A | ||
| 5.00%, due 6/1/32 | 1,625,000 | 1,618,460 |
| Series A | ||
| 5.00%, due 6/1/37 | 1,500,000 | 1,447,386 |
| Series A | ||
| 5.00%, due 6/1/47 | 3,100,000 | 2,790,154 |
| Build NYC Resource Corp., New World Preparatory Charter School Project, Revenue Bonds (c) | ||
| Series A | ||
| 4.00%, due 6/15/51 | 1,000,000 | 778,749 |
| Series A | ||
| 4.00%, due 6/15/56 | 1,840,000 | 1,371,810 |
| Build NYC Resource Corp., Success Academy Charter Schools Project, Revenue Bonds | ||
| 4.00%, due 9/1/40 | 1,700,000 | 1,603,441 |
| 4.00%, due 9/1/41 | 1,725,000 | 1,610,865 |
| 4.00%, due 9/1/42 | 1,175,000 | 1,085,627 |
| 4.00%, due 9/1/43 | 880,000 | 809,709 |
| 4.00%, due 9/1/44 | 1,025,000 | 937,771 |
| Build NYC Resource Corp., Unity Preparatory Charter School of Brooklyn, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 6/15/63 (c) | 1,375,000 | 1,327,739 |
| Clinton County Capital Resource Corp., CVES BOCES Project, Revenue Bonds (c) | ||
| 4.75%, due 7/1/43 | 3,000,000 | 3,017,601 |
| 5.00%, due 7/1/46 | 4,510,000 | 4,600,813 |
| County of Cattaraugus, St. Bonaventure University Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 5/1/44 | 1,200,000 | 1,200,231 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Education | ||
| Dutchess County Local Development Corp., Bard College Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/40 | $ 1,100,000 | $ 1,106,176 |
| Series A | ||
| 5.00%, due 7/1/45 | 3,500,000 | 3,475,258 |
| Series A | ||
| 5.00%, due 7/1/51 | 15,550,000 | 15,044,841 |
| Dutchess County Local Development Corp., Marist College Project, Revenue Bonds | ||
| 5.00%, due 7/1/48 | 6,000,000 | 6,078,755 |
| Dutchess County Local Development Corp., Vassar College Project, Revenue Bonds | ||
| 5.00%, due 7/1/45 | 1,200,000 | 1,232,378 |
| Geneva Development Corp., Hobart & William Smith Colleges Project, Revenue Bonds | ||
| 5.00%, due 2/1/56 | 3,250,000 | 3,187,096 |
| 5.25%, due 2/1/51 | 3,155,000 | 3,219,756 |
| Hempstead Town Local Development Corp., Academy Charter School, Revenue Bonds | ||
| Series A | ||
| 5.53%, due 2/1/40 | 1,100,000 | 1,060,705 |
| Hempstead Town Local Development Corp., Molloy College Project, Revenue Bonds | ||
| 5.00%, due 7/1/38 | 870,000 | 878,170 |
| 5.00%, due 7/1/43 | 1,020,000 | 1,022,082 |
| 5.00%, due 7/1/48 | 600,000 | 587,514 |
| Monroe County Industrial Development Corp., Eugenio Maria de Hostos Charter School, Revenue Bonds (c) | ||
| Series A | ||
| 5.00%, due 7/1/44 | 1,320,000 | 1,249,906 |
| Series A | ||
| 5.00%, due 7/1/59 | 2,000,000 | 1,710,568 |
| Monroe County Industrial Development Corp., Nazareth College of Rochester, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 10/1/47 | 1,695,000 | 1,386,698 |
| Monroe County Industrial Development Corp., St. John Fisher University Project, Revenue Bonds | ||
| 5.25%, due 6/1/49 | 630,000 | 654,898 |
| 5.25%, due 6/1/54 | 835,000 | 854,944 |
| Monroe County Industrial Development Corp., University of Rochester Project, Revenue Bonds | ||
| Series C | ||
| 4.00%, due 7/1/43 | 3,000,000 | 2,885,034 |
| Nassau County Local Economic Assistance Corp., Roosevelt Children's Academy Charter School, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/43 | 600,000 | 521,790 |
| Series A | ||
| 5.00%, due 7/1/55 | 2,750,000 | 2,217,911 |
| New York State Dormitory Authority, Cornell University, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 7/1/54 | 11,000,000 | 11,755,788 |
| New York State Dormitory Authority, Friends of The Bay Shore-Brightwaters Public Library, Inc., Revenue Bonds | ||
| Insured: AMBAC | ||
| 4.625%, due 7/1/36 | 200,000 | 200,036 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Education | ||
| New York State Dormitory Authority, Iona College, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/51 | $ 1,850,000 | $ 1,802,461 |
| New York State Dormitory Authority, Iona University, Revenue Bonds | ||
| Insured: AG | ||
| 5.50%, due 7/1/45 | 850,000 | 914,504 |
| New York State Dormitory Authority, New York University, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/46 | 4,370,000 | 4,034,761 |
| New York State Dormitory Authority, Rockefeller University (The), Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/53 | 3,500,000 | 3,568,595 |
| New York State Dormitory Authority, School Districts Financing Program, Revenue Bonds | ||
| Series A, Insured: AG State Aid Withholding | ||
| 5.00%, due 10/1/43 | 500,000 | 525,355 |
| Series A, Insured: AG State Aid Withholding | ||
| 5.25%, due 10/1/50 | 1,220,000 | 1,267,129 |
| Oneida County Local Development Corp., Utica College Project, Revenue Bonds | ||
| 5.00%, due 7/1/49 | 3,250,000 | 2,734,444 |
| Onondaga Civic Development Corp., Syracuse University Project, Revenue Bonds | ||
| 4.50%, due 12/1/50 | 4,220,000 | 4,154,398 |
| 5.50%, due 12/1/56 | 6,860,000 | 7,357,701 |
| Onondaga County Trust for Cultural Resources, Syracuse University Project, Revenue Bonds | ||
| 4.00%, due 12/1/49 | 3,080,000 | 2,805,355 |
| Orange County Funding Corp., Mount St. Mary College, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/42 | 1,010,000 | 744,431 |
| Saratoga County Capital Resource Corp., Skidmore College Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/50 | 1,985,000 | 1,719,299 |
| Series A | ||
| 5.00%, due 7/1/45 | 1,220,000 | 1,258,241 |
| Saratoga County Capital Resource Corp., WSWHE BOCES Project, Revenue Bonds | ||
| 4.75%, due 7/1/42 | 6,000,000 | 6,065,793 |
| 5.00%, due 7/1/47 | 3,900,000 | 4,053,427 |
| Schenectady County Capital Resource Corp., Union College Project, Revenue Bonds | ||
| 5.25%, due 7/1/52 | 1,000,000 | 1,018,633 |
| St. Lawrence County Industrial Development Agency, Clarkson University Project, Revenue Bonds | ||
| 5.00%, due 9/1/47 | 2,445,000 | 2,219,853 |
| Troy Capital Resource Corp., Rensselaer Polytechnic Institute, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 9/1/39 | 2,000,000 | 2,056,571 |
| Yonkers Economic Development Corp., Charter School of Educational Excellence Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 10/15/29 | 165,000 | 162,890 |
| Series A | ||
| 4.00%, due 10/15/30 | 355,000 | 348,694 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Education | ||
| Yonkers Economic Development Corp., Charter School of Educational Excellence Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/15/39 | $ 1,490,000 | $ 1,445,564 |
| Series A | ||
| 5.00%, due 10/15/49 | 2,275,000 | 2,039,697 |
| Series A | ||
| 5.00%, due 10/15/50 | 2,650,000 | 2,402,959 |
| Series A | ||
| 5.00%, due 10/15/54 | 1,895,000 | 1,649,607 |
| Yonkers Industrial Development Agency, New Community School Project, Revenue Bonds | ||
| Insured: State Aid Withholding | ||
| 4.00%, due 5/1/51 | 3,500,000 | 3,119,958 |
| 194,185,970 | ||
| General 0.5% | ||
| Metropolitan Transportation Authority, Special Tax | ||
| Series A | ||
| 5.00%, due 11/15/49 | 5,000,000 | 5,153,764 |
| Metropolitan Transportation Authority, Dedicated Tax Fund, Special Tax | ||
| Series A | ||
| 4.00%, due 11/15/51 | 4,000,000 | 3,494,760 |
| 8,648,524 | ||
| General Obligation 7.0% | ||
| City of New York, Unlimited General Obligation | ||
| Series E-1 | ||
| 4.00%, due 4/1/45 | 4,525,000 | 4,122,539 |
| Series B-1 | ||
| 5.25%, due 10/1/41 | 2,500,000 | 2,660,090 |
| Series B-1 | ||
| 5.25%, due 10/1/43 | 3,000,000 | 3,163,534 |
| Series E-1 | ||
| 5.25%, due 4/1/47 | 3,890,000 | 4,069,826 |
| Series G-1 | ||
| 5.25%, due 2/1/53 | 2,500,000 | 2,583,527 |
| City of Newburgh, Limited General Obligation | ||
| Series A, Insured: AG | ||
| 3.50%, due 7/15/36 | 725,000 | 697,043 |
| City of Ogdensburg, Public Improvement, Limited General Obligation | ||
| 5.50%, due 4/15/28 | 55,000 | 54,888 |
| City of Poughkeepsie, Public Improvement, Limited General Obligation | ||
| 5.00%, due 6/1/31 | 990,000 | 990,814 |
| City of Syracuse, Unlimited General Obligation | ||
| Series B | ||
| 4.375%, due 6/25/27 | 22,240,000 | 22,283,232 |
| Commonwealth of Puerto Rico | ||
| (zero coupon), due 11/1/43 | 7,303,114 | 5,212,598 |
| (zero coupon), due 11/1/51 | 8,900,550 | 6,508,527 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| General Obligation | ||
| Commonwealth of Puerto Rico | ||
| (zero coupon), due 11/1/51 | $ 5,226,620 | $ 2,789,709 |
| (zero coupon), due 11/1/51 | 1,252,358 | 824,991 |
| Commonwealth of Puerto Rico, Unlimited General Obligation | ||
| Series A-1 | ||
| (zero coupon), due 7/1/33 | 1,351,801 | 982,823 |
| Series A-1 | ||
| 4.00%, due 7/1/33 | 2,000,000 | 2,001,393 |
| Series A-1 | ||
| 4.00%, due 7/1/35 | 5,029,180 | 4,988,453 |
| Series A-1 | ||
| 4.00%, due 7/1/46 | 5,000,000 | 4,525,812 |
| Series A-1 | ||
| 5.625%, due 7/1/27 | 583,442 | 595,095 |
| County of Clinton, Limited General Obligation | ||
| Insured: AG | ||
| 4.00%, due 6/1/38 (d) | 1,500,000 | 1,437,558 |
| County of Onondaga, Limited General Obligation | ||
| 3.00%, due 6/1/39 | 2,150,000 | 1,860,643 |
| 3.25%, due 4/15/34 | 1,250,000 | 1,216,227 |
| County of Orange, Public Improvement, Limited General Obligation | ||
| Series A | ||
| 2.375%, due 6/15/29 | 1,180,000 | 1,136,835 |
| County of Rockland, Various Purpose, Limited General Obligation | ||
| Insured: AG | ||
| 4.00%, due 5/1/44 | 915,000 | 890,078 |
| County of Suffolk, Limited General Obligation | ||
| Series A | ||
| 3.00%, due 10/15/38 | 5,555,000 | 5,028,025 |
| County of Suffolk, Public Improvement, Limited General Obligation | ||
| Series A, Insured: AG | ||
| 3.25%, due 6/1/36 | 715,000 | 664,740 |
| Series A, Insured: AG | ||
| 3.25%, due 6/1/37 | 725,000 | 664,185 |
| Gloversville Enlarged School District, Unlimited General Obligation | ||
| Insured: BAM State Aid Withholding | ||
| 2.00%, due 10/15/31 | 2,410,000 | 2,124,125 |
| Harrison Central School District, Unlimited General Obligation | ||
| Insured: State Aid Withholding | ||
| 3.50%, due 3/15/44 | 1,015,000 | 913,854 |
| Insured: State Aid Withholding | ||
| 3.50%, due 3/15/45 | 1,055,000 | 941,930 |
| Insured: State Aid Withholding | ||
| 3.55%, due 3/15/47 | 1,130,000 | 986,481 |
| Kings Park Central School District, Unlimited General Obligation | ||
| Series B, Insured: State Aid Withholding | ||
| 2.50%, due 7/15/30 | 1,530,000 | 1,447,986 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| General Obligation | ||
| Poughkeepsie School District, New York School District Refunding, Unlimited General Obligation | ||
| Insured: AG State Aid Withholding | ||
| 3.00%, due 5/1/33 | $ 400,000 | $ 381,428 |
| South Country Central School District at Brookhaven, Unlimited General Obligation | ||
| Insured: State Aid Withholding | ||
| 3.00%, due 7/15/29 | 2,255,000 | 2,230,767 |
| Town of Hempstead, Limited General Obligation | ||
| 2.125%, due 6/15/39 | 3,715,000 | 2,818,569 |
| 4.00%, due 5/1/45 | 5,240,000 | 5,068,514 |
| Uniondale Union Free School District, Unlimited General Obligation | ||
| Insured: State Aid Withholding | ||
| 2.00%, due 5/1/38 | 3,115,000 | 2,356,143 |
| Insured: State Aid Withholding | ||
| 2.00%, due 5/1/39 | 3,195,000 | 2,339,806 |
| Insured: State Aid Withholding | ||
| 2.00%, due 5/1/40 | 3,500,000 | 2,496,848 |
| Insured: State Aid Withholding | ||
| 2.00%, due 5/1/41 | 3,500,000 | 2,426,807 |
| Village of Valley Stream, Various Purpose, Limited General Obligation | ||
| Insured: BAM | ||
| 4.00%, due 4/1/34 | 510,000 | 510,156 |
| Insured: BAM | ||
| 4.00%, due 4/1/35 | 530,000 | 530,133 |
| Insured: BAM | ||
| 4.00%, due 4/1/36 | 550,000 | 550,097 |
| Insured: BAM | ||
| 4.00%, due 4/1/37 | 570,000 | 570,062 |
| 110,646,891 | ||
| Hospital 9.6% | ||
| Albany Capital Resource Corp., Medical Center Hospital Project, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 5/1/55 | 10,000,000 | 10,522,624 |
| Brookhaven Local Development Corp., Long Island Community Hospital Project, Revenue Bonds | ||
| Series A, Insured: AG-CR | ||
| 3.375%, due 10/1/40 | 7,990,000 | 7,301,072 |
| Broome County Local Development Corp., United Health Services Hospitals Obligated Group, Revenue Bonds | ||
| Insured: AG | ||
| 3.00%, due 4/1/50 | 6,835,000 | 4,766,290 |
| Build NYC Resource Corp., Children's Aid Society Project, Revenue Bonds | ||
| 4.00%, due 7/1/49 | 1,300,000 | 1,102,087 |
| Build NYC Resource Corp., Urban Resource Institute Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/41 | 1,150,000 | 1,208,677 |
| Series A | ||
| 5.375%, due 12/1/46 | 500,000 | 533,169 |
| Series A | ||
| 5.50%, due 12/1/51 | 1,000,000 | 1,043,019 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Hospital | ||
| Build NYC Resource Corp., Urban Resource Institute Project, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 12/1/56 | $ 850,000 | $ 881,675 |
| Genesee County Funding Corp. (The), Rochester Regional Health Energy, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 12/1/55 | 4,000,000 | 4,122,809 |
| Genesee County Funding Corp. (The), Rochester Regional Health Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/26 | 340,000 | 341,942 |
| Series A | ||
| 5.00%, due 12/1/27 | 400,000 | 408,915 |
| Series A | ||
| 5.00%, due 12/1/28 | 600,000 | 622,177 |
| Jefferson County Civic Facility Development Corp., Samaritan Medical Center Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 11/1/31 | 2,705,000 | 2,580,090 |
| Series A | ||
| 5.00%, due 11/1/37 | 1,500,000 | 1,441,645 |
| Monroe County Industrial Development Corp., Highland Hospital, Revenue Bonds | ||
| 4.00%, due 7/1/40 | 2,500,000 | 2,375,285 |
| Monroe County Industrial Development Corp., Rochester General Hospital (The), Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/32 | 540,000 | 540,494 |
| Series A | ||
| 5.00%, due 12/1/42 | 1,225,000 | 1,225,073 |
| Nassau County Local Economic Assistance Corp., Catholic Health Services of Long Island Obligated Group, Revenue Bonds | ||
| 5.00%, due 7/1/34 | 250,000 | 250,538 |
| New York State Dormitory Authority, Garnet Health Medical Center Obligated Group, Revenue Bonds (c) | ||
| 5.00%, due 12/1/31 | 1,000,000 | 985,330 |
| 5.00%, due 12/1/32 | 3,000,000 | 2,934,668 |
| 5.00%, due 12/1/36 | 1,500,000 | 1,412,908 |
| New York State Dormitory Authority, Montefiore Obligated Group, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 9/1/50 | 4,235,000 | 3,457,331 |
| 5.25%, due 11/1/41 | 2,300,000 | 2,383,305 |
| 5.25%, due 11/1/42 | 2,400,000 | 2,476,251 |
| 5.25%, due 11/1/43 | 2,100,000 | 2,160,041 |
| 5.50%, due 11/1/47 | 1,500,000 | 1,554,182 |
| New York State Dormitory Authority, Northwell Health Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 5/1/52 | 3,965,000 | 4,010,458 |
| Series A | ||
| 5.25%, due 5/1/54 | 10,000,000 | 10,256,756 |
| New York State Dormitory Authority, NYU Langone Hospitals Obligated Group, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 7/1/48 | 2,375,000 | 1,742,948 |
| Series A | ||
| 4.00%, due 7/1/40 | 1,000,000 | 947,664 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Hospital | ||
| New York State Dormitory Authority, NYU Langone Hospitals Obligated Group, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/50 | $ 3,005,000 | $ 2,609,167 |
| Series A | ||
| 4.00%, due 7/1/53 | 8,450,000 | 7,088,233 |
| New York State Dormitory Authority, Orange Regional Medical Center Obligated Group, Revenue Bonds | ||
| 5.00%, due 12/1/35 (c) | 100,000 | 97,800 |
| New York State Dormitory Authority, Roswell Park Cancer Institute Corp. Obligated Group, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.50%, due 7/1/50 | 3,490,000 | 3,721,268 |
| Series A, Insured: AG | ||
| 5.50%, due 7/1/55 | 5,500,000 | 5,800,445 |
| New York State Dormitory Authority, White Plains Hospital Obligated Group, Revenue Bonds | ||
| Insured: AG | ||
| 5.50%, due 10/1/54 | 18,995,000 | 19,830,588 |
| Oneida County Local Development Corp., Mohawk Valley Health System Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 3.00%, due 12/1/44 | 11,560,000 | 8,539,603 |
| Series A, Insured: AG | ||
| 4.00%, due 12/1/49 | 7,940,000 | 6,963,440 |
| Onondaga Civic Development Corp., Crouse Health Hospital, Inc. Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 8/1/30 | 200,000 | 201,415 |
| Series A | ||
| 5.00%, due 8/1/31 | 250,000 | 251,219 |
| Series A | ||
| 5.00%, due 8/1/32 | 255,000 | 255,297 |
| Series A | ||
| 5.125%, due 8/1/44 | 2,000,000 | 1,853,822 |
| Series A | ||
| 5.375%, due 8/1/54 | 4,500,000 | 4,189,781 |
| Suffolk County Economic Development Corp., Catholic Health Services of Long Island Obligated Group, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 7/1/33 | 250,000 | 250,177 |
| Westchester County Local Development Corp., Westchester County Healthcare, Revenue Bonds | ||
| Insured: AG | ||
| 6.50%, due 11/1/55 | 7,340,000 | 8,082,651 |
| Westchester County Local Development Corp., Westchester Medical Centre, Revenue Bonds | ||
| Insured: AG | ||
| 5.75%, due 11/1/48 | 6,200,000 | 6,611,248 |
| 151,935,577 | ||
| Housing 0.2% | ||
| New York City Housing Development Corp., College of Staten Island Residences, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 3.25%, due 7/1/27 | 630,000 | 630,191 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Housing | ||
| New York State Dormitory Authority, University Facilities, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/43 | $ 1,500,000 | $ 1,533,389 |
| Westchester County Local Development Corp., Purchase Housing Corp. II Project, Revenue Bonds | ||
| 5.00%, due 6/1/31 | 320,000 | 321,228 |
| 5.00%, due 6/1/37 | 1,000,000 | 1,000,063 |
| 3,484,871 | ||
| Other Revenue 45.5% | ||
| Albany County Capital Resource Corp., Albany Convention Center Authority Project, Revenue Bonds | ||
| 5.00%, due 3/1/50 | 2,250,000 | 2,257,547 |
| 5.00%, due 3/1/57 | 6,605,000 | 6,528,881 |
| Battery Park City Authority, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 4.00%, due 11/1/44 | 10,635,000 | 10,263,134 |
| Series A | ||
| 5.00%, due 11/1/53 | 22,500,000 | 23,298,046 |
| 5.25%, due 11/1/55 | 15,000,000 | 15,886,828 |
| Brookhaven Local Development Corp., Jefferson's Ferry Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 11/1/55 | 3,565,000 | 2,969,897 |
| 5.25%, due 11/1/36 | 1,130,000 | 1,133,144 |
| Broome County Local Development Corp., Good Shepherd Village at Endwell, Revenue Bonds | ||
| 4.00%, due 7/1/31 | 1,565,000 | 1,565,004 |
| 4.00%, due 7/1/36 | 2,300,000 | 2,237,782 |
| 4.00%, due 7/1/47 | 1,320,000 | 1,144,958 |
| Build NYC Resource Corp., Royal Charter Properties, Inc., Revenue Bonds | ||
| Insured: AG | ||
| 4.75%, due 12/15/32 | 2,000,000 | 2,000,118 |
| Chautauqua Tobacco Asset Securitization Corp., Revenue Bonds | ||
| 5.00%, due 6/1/34 | 2,550,000 | 2,401,459 |
| Children's Trust Fund, Asset-Backed, Revenue Bonds | ||
| Series A | ||
| (zero coupon), due 5/15/50 | 2,500,000 | 493,330 |
| 5.625%, due 5/15/43 | 2,300,000 | 2,330,848 |
| Development Authority of the North Country, Solid Waste Management System, Revenue Bonds | ||
| Insured: AG | ||
| 3.25%, due 9/1/39 | 550,000 | 488,639 |
| Insured: AG | ||
| 3.25%, due 9/1/40 | 570,000 | 501,845 |
| Erie Tobacco Asset Securitization Corp., Tobacco Settlement, Asset-Backed, Revenue Bonds | ||
| Series B | ||
| (zero coupon), due 6/1/47 | 18,000,000 | 3,821,587 |
| GDB Debt Recovery Authority of Puerto Rico, Revenue Bonds | ||
| 7.50%, due 8/20/40 | 11,880,243 | 11,743,790 |
| Hudson Yards Infrastructure Corp., Revenue Bonds | ||
| Series A | ||
| 4.00%, due 2/15/44 | 3,955,000 | 3,666,334 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| Hudson Yards Infrastructure Corp., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 2/15/45 | $ 4,000,000 | $ 4,020,979 |
| Hudson Yards Infrastructure Corp., Second Indenture, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 2/15/40 | 3,250,000 | 3,181,496 |
| Series A | ||
| 5.00%, due 2/15/30 | 1,600,000 | 1,618,545 |
| Series A, Insured: BAM | ||
| 5.00%, due 2/15/42 | 7,500,000 | 7,548,589 |
| Huntington Local Development Corp., Fountaingate Gardens Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/36 | 900,000 | 884,220 |
| Series A | ||
| 5.25%, due 7/1/56 | 1,745,000 | 1,500,944 |
| Long Island Power Authority, Revenue Bonds | ||
| Series B | ||
| 3.00%, due 9/1/49 (e) | 5,000,000 | 4,874,958 |
| Series E | ||
| 5.00%, due 9/1/48 | 6,000,000 | 6,222,755 |
| Series B | ||
| 5.25%, due 9/1/56 (f) | 6,900,000 | 7,187,474 |
| Long Island Power Authority, Electric System, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 9/1/35 | 2,500,000 | 2,504,123 |
| 5.00%, due 9/1/38 | 1,000,000 | 1,031,240 |
| Series B | ||
| 5.00%, due 9/1/45 | 2,000,000 | 2,001,528 |
| Matching Fund Special Purpose Securitization Corp., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/26 | 340,000 | 340,717 |
| Series A | ||
| 5.00%, due 10/1/30 | 3,140,000 | 3,263,301 |
| Series A | ||
| 5.00%, due 10/1/32 | 3,140,000 | 3,304,336 |
| Series A | ||
| 5.00%, due 10/1/39 | 11,915,000 | 12,235,960 |
| Metropolitan Transportation Authority, Revenue Bonds | ||
| Series B-2 | ||
| 5.00%, due 11/15/48 | 5,000,000 | 5,174,680 |
| Metropolitan Transportation Authority, Dedicated Tax Fund, Revenue Bonds | ||
| Series B-2 | ||
| 4.00%, due 11/15/34 | 4,000,000 | 4,004,554 |
| Series B-1 | ||
| 5.00%, due 11/15/36 | 3,355,000 | 3,368,588 |
| Monroe County Industrial Development Corp., St. Ann's Community Project, Revenue Bonds | ||
| 5.00%, due 1/1/50 | 1,630,000 | 1,459,205 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| Nassau County Tobacco Settlement Corp., Asset-Backed, Revenue Bonds | ||
| Series A-3 | ||
| 5.00%, due 6/1/35 | $ 750,000 | $ 373,623 |
| New York City Housing Development Corp., Revenue Bonds | ||
| Series C-1, Insured: HUD Sector 8 | ||
| 4.50%, due 8/1/54 | 5,280,000 | 4,990,790 |
| Series F-1-A | ||
| 4.55%, due 11/1/54 | 4,765,000 | 4,536,959 |
| Series A-1 | ||
| 4.75%, due 11/1/50 | 3,700,000 | 3,607,763 |
| Series A-1 | ||
| 4.80%, due 11/1/55 | 3,000,000 | 2,875,961 |
| Series G-1 | ||
| 4.95%, due 11/1/56 | 20,000,000 | 19,922,798 |
| New York City Housing Development Corp., 8 Spruce Street, Revenue Bonds | ||
| Class D | ||
| 4.00%, due 12/15/31 | 2,000,000 | 2,010,658 |
| Class E | ||
| 4.375%, due 12/15/31 | 3,100,000 | 3,131,983 |
| Class F | ||
| 5.25%, due 12/15/31 | 15,200,000 | 15,547,626 |
| New York City Housing Development Corp., Multi-Family Housing, Sustainable Neighborhood, Revenue Bonds | ||
| Series G-1 | ||
| 3.70%, due 11/1/47 | 1,000,000 | 823,683 |
| Series G | ||
| 3.85%, due 11/1/45 | 595,000 | 534,758 |
| Series I-1-A | ||
| 4.05%, due 11/1/41 | 1,000,000 | 944,842 |
| Series F-1, Insured: FHA 542(c) | ||
| 4.30%, due 11/1/37 | 1,500,000 | 1,509,329 |
| New York City Industrial Development Agency, Queens Baseball Stadium Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 3.00%, due 1/1/37 | 1,000,000 | 903,220 |
| Series A, Insured: AG | ||
| 3.00%, due 1/1/39 | 6,955,000 | 6,053,020 |
| Series A, Insured: AG | ||
| 3.00%, due 1/1/40 | 8,315,000 | 7,090,477 |
| Series A, Insured: AG | ||
| 3.00%, due 1/1/46 | 10,000,000 | 7,730,506 |
| New York City Industrial Development Agency, TrIPs Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/28 | 575,000 | 575,293 |
| New York City Industrial Development Agency, Yankee Stadium Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| (zero coupon), due 3/1/40 | 380,000 | 201,204 |
| Series A, Insured: AG | ||
| (zero coupon), due 3/1/44 | 1,065,000 | 448,277 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| New York City Industrial Development Agency, Yankee Stadium Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| (zero coupon), due 3/1/45 | $ 200,000 | $ 79,644 |
| Series A, Insured: AG | ||
| (zero coupon), due 3/1/46 | 4,080,000 | 1,528,541 |
| Series A, Insured: AG | ||
| (zero coupon), due 3/1/47 | 1,115,000 | 390,856 |
| Series A, Insured: AG-CR | ||
| 3.00%, due 3/1/49 | 10,980,000 | 7,992,267 |
| New York City Transitional Finance Authority, Revenue Bonds | ||
| Series S-3A, Insured: State Aid Withholding | ||
| 4.00%, due 7/15/38 | 5,770,000 | 5,629,112 |
| Series C-1 | ||
| 4.00%, due 5/1/44 | 4,000,000 | 3,751,468 |
| Series E-1 | ||
| 4.00%, due 2/1/46 | 5,440,000 | 4,984,118 |
| Series F-1 | ||
| 5.00%, due 2/1/47 | 5,000,000 | 5,126,812 |
| Series I-1 | ||
| 5.00%, due 5/1/50 | 7,000,000 | 7,154,723 |
| Series F-1 | ||
| 5.00%, due 2/1/53 | 6,000,000 | 6,105,096 |
| Series A | ||
| 5.00%, due 11/1/56 | 2,000,000 | 2,032,843 |
| Series A-1 | ||
| 5.25%, due 5/1/47 | 5,000,000 | 5,288,596 |
| Series C | ||
| 5.25%, due 5/1/48 | 2,500,000 | 2,606,468 |
| Series A-1 | ||
| 5.25%, due 5/1/48 | 4,000,000 | 4,206,224 |
| Series B | ||
| 5.50%, due 5/1/47 | 2,830,000 | 3,023,468 |
| Series I | ||
| 5.50%, due 11/1/54 | 5,500,000 | 5,886,395 |
| New York City Transitional Finance Authority, Building Aid, Revenue Bonds | ||
| Series S-1B, Insured: State Aid Withholding | ||
| 4.00%, due 7/15/40 | 6,000,000 | 5,721,217 |
| Series S-1, Insured: State Aid Withholding | ||
| 5.00%, due 7/15/43 | 5,000,000 | 5,111,439 |
| Series S-2, Insured: State Aid Withholding | ||
| 5.00%, due 7/15/43 | 5,625,000 | 6,029,523 |
| New York Convention Center Development Corp., Hetel Unit Fee, Revenue Bonds, Senior Lien (f) | ||
| Series B | ||
| 5.00%, due 11/15/42 | 635,000 | 680,452 |
| Series B | ||
| 5.00%, due 11/15/43 | 690,000 | 736,406 |
| Series B | ||
| 5.00%, due 11/15/44 | 735,000 | 782,042 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| New York Convention Center Development Corp., Hetel Unit Fee, Revenue Bonds, Senior Lien (f) | ||
| Series B | ||
| 5.00%, due 11/15/45 | $ 780,000 | $ 824,012 |
| Series B | ||
| 5.00%, due 11/15/46 | 7,350,000 | 7,720,935 |
| New York Convention Center Development Corp., Hotel Unit Fee, Revenue Bonds, Senior Lien | ||
| Series A | ||
| (zero coupon), due 11/15/47 | 9,000,000 | 3,232,397 |
| New York Convention Center Development Corp., Hotel Unit Fee, Revenue Bonds, Sub. Lien | ||
| Series B, Insured: BAM | ||
| (zero coupon), due 11/15/41 | 2,320,000 | 1,131,519 |
| Series B, Insured: BAM | ||
| (zero coupon), due 11/15/43 | 4,800,000 | 2,112,920 |
| Series B, Insured: BAM | ||
| (zero coupon), due 11/15/55 | 1,825,000 | 405,701 |
| New York Counties Tobacco Trust IV, Settlement Pass Through, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/42 | 1,000,000 | 802,106 |
| Series A | ||
| 5.00%, due 6/1/45 | 245,000 | 178,473 |
| Series A | ||
| 6.25%, due 6/1/41 (c) | 4,400,000 | 4,192,548 |
| New York Counties Tobacco Trust V, Pass Through, Capital Appreciation, Revenue Bonds | ||
| Series S-1 | ||
| (zero coupon), due 6/1/38 | 1,600,000 | 747,400 |
| New York Counties Tobacco Trust VI, Settlement Pass Through, Revenue Bonds | ||
| Series A-2B | ||
| 5.00%, due 6/1/45 | 3,885,000 | 3,355,414 |
| New York Energy Finance Development Corp., Revenue Bonds | ||
| 5.00%, due 7/1/56 (e) | 12,170,000 | 12,382,517 |
| New York Liberty Development Corp., 3 World Trade Center Project, Revenue Bonds | ||
| Class 1 | ||
| 5.00%, due 11/15/44 (c) | 5,660,000 | 5,667,796 |
| New York Liberty Development Corp., 4 World Trade Center Project, Revenue Bonds | ||
| Series A | ||
| 2.75%, due 11/15/41 | 3,515,000 | 2,670,625 |
| New York Liberty Development Corp., 7 World Trade Center Project, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 9/15/43 | 1,250,000 | 994,577 |
| Series A | ||
| 3.125%, due 9/15/50 | 700,000 | 509,929 |
| New York Liberty Development Corp., Goldman Sachs Headquarters LLC, Revenue Bonds | ||
| 5.50%, due 10/1/37 | 700,000 | 804,179 |
| New York State Dormitory Authority, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 3/15/44 | 2,000,000 | 1,862,882 |
| New York State Dormitory Authority, Master BOCES Lease Program, Revenue Bonds | ||
| 5.00%, due 8/15/40 | 2,225,000 | 2,390,171 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| New York State Dormitory Authority, Master BOCES Lease Program, Revenue Bonds | ||
| 5.00%, due 8/15/41 | $ 3,250,000 | $ 3,475,040 |
| 5.00%, due 8/15/42 | 1,600,000 | 1,705,251 |
| 5.00%, due 8/15/43 | 1,550,000 | 1,646,393 |
| New York State Dormitory Authority, Personal Income Tax, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 2/15/41 | 2,050,000 | 2,052,100 |
| New York State Dormitory Authority, Rockland BOCES Issue, Revenue Bonds | ||
| 4.25%, due 8/15/50 | 1,500,000 | 1,399,582 |
| New York State Dormitory Authority, Shelter Island Public Library Society, Revenue Bonds | ||
| 5.50%, due 10/1/49 | 1,755,000 | 1,907,957 |
| 5.50%, due 10/1/54 | 1,550,000 | 1,670,207 |
| New York State Dormitory Authority, State Personal Income Tax, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 3/15/39 | 8,000,000 | 7,840,531 |
| Series E | ||
| 4.00%, due 3/15/45 | 2,000,000 | 1,846,145 |
| New York State Energy Research & Development Authority, Revenue Bonds | ||
| Series A | ||
| 6.226%, due 4/1/41 | 7,000,000 | 6,808,103 |
| New York State Energy Research & Development Authority, New York State Electric & Gas Corp., Revenue Bonds | ||
| Series D | ||
| 3.50%, due 10/1/29 | 2,500,000 | 2,500,281 |
| Series C | ||
| 4.00%, due 4/1/34 | 3,000,000 | 3,045,742 |
| New York State Energy Research & Development Authority, Revolving Loan Fund, Revenue Bonds | ||
| Series A | ||
| 6.096%, due 4/1/27 | 1,755,000 | 1,755,769 |
| Series A | ||
| 6.146%, due 4/1/28 | 1,350,000 | 1,350,379 |
| Series A | ||
| 6.205%, due 4/1/29 | 1,105,000 | 1,105,055 |
| Series A | ||
| 6.255%, due 4/1/30 | 1,050,000 | 1,050,072 |
| Series A | ||
| 6.308%, due 4/1/31 | 1,000,000 | 999,956 |
| New York State Energy Research & Development Authority, Rochester Gas and Electric Corp. Project, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 5/15/32 (d) | 2,500,000 | 2,525,794 |
| New York State Housing Finance Agency, Revenue Bonds | ||
| Series G, Insured: SONYMA | ||
| 2.60%, due 11/1/46 | 2,020,000 | 1,410,945 |
| Series J-1, Insured: SONYMA HUD Sector 8 | ||
| 2.65%, due 11/1/46 | 3,935,000 | 2,787,801 |
| Series B-1 | ||
| 4.60%, due 11/1/54 | 2,500,000 | 2,377,345 |
| Series E-1, Insured: SONYMA HUD Sector 8 | ||
| 4.95%, due 11/1/58 | 1,410,000 | 1,375,652 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| New York State Housing Finance Agency, Affordable Housing, Revenue Bonds | ||
| Series C, Insured: FHA 542(c) | ||
| 4.15%, due 5/1/47 | $ 10,000,000 | $ 9,392,507 |
| New York State Housing Finance Agency, West 38TH Street LLC, Revenue Bonds | ||
| Series A, Insured: FHLMC | ||
| 3.57%, due 5/1/42 (e) | 15,000,000 | 14,893,962 |
| New York State Thruway Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 9/15/50 | 3,000,000 | 3,094,237 |
| Series B | ||
| 5.00%, due 3/15/59 | 11,395,000 | 11,549,040 |
| New York State Urban Development Corp., Personal Income Tax, Revenue Bonds | ||
| Series E | ||
| 4.00%, due 3/15/43 | 2,885,000 | 2,706,376 |
| New York State Urban Development Corp., Sales Tax, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 3/15/37 | 4,000,000 | 3,999,570 |
| New York Transportation Development Corp., American Airlines, Inc. John F. Kennedy International Airport Project, Revenue Bonds | ||
| 5.25%, due 8/1/31 (d) | 1,010,000 | 1,046,207 |
| New York Transportation Development Corp., Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment Project, Revenue Bonds (d) | ||
| 4.00%, due 1/1/36 | 3,000,000 | 2,959,626 |
| 4.375%, due 10/1/45 | 17,125,000 | 16,175,681 |
| 5.00%, due 10/1/35 | 3,000,000 | 3,114,521 |
| New York Transportation Development Corp., New York State Thruway Service Areas Project, Revenue Bonds (d) | ||
| 4.00%, due 10/31/46 | 2,595,000 | 2,328,491 |
| 4.00%, due 4/30/53 | 4,510,000 | 3,891,219 |
| Niagara Tobacco Asset Securitization Corp., Tobacco Settlement, Asset-Backed, Revenue Bonds | ||
| 5.25%, due 5/15/40 | 500,000 | 484,702 |
| Puerto Rico Sales Tax Financing Corp., Revenue Bonds | ||
| Series A-1 | ||
| (zero coupon), due 7/1/46 | 14,421,000 | 5,273,555 |
| Series A-1 | ||
| (zero coupon), due 7/1/51 | 5,553,000 | 1,475,461 |
| Series A-1 | ||
| 4.75%, due 7/1/53 | 7,536,000 | 7,165,204 |
| Series A-2 | ||
| 4.784%, due 7/1/58 | 16,240,000 | 15,375,313 |
| Puerto Rico Sales Tax Financing Corp., Restructured, Revenue Bonds | ||
| Series A-1 | ||
| 5.00%, due 7/1/58 | 6,189,000 | 5,955,636 |
| Rockland County Economic Assistance Corp., Bon Secours Charity Health System, Inc., Revenue Bonds | ||
| Insured: AG | ||
| 6.50%, due 11/1/55 | 5,615,000 | 6,170,093 |
| 7.25%, due 11/1/45 | 14,000,000 | 15,279,988 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| Rockland Tobacco Asset Securitization Corp., Tobacco Settlement, Asset-Backed, Revenue Bonds | ||
| Series B | ||
| (zero coupon), due 8/15/50 (c) | $ 13,000,000 | $ 2,505,164 |
| Schenectady County Capital Resource Corp., One Broadway Center Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/45 | 1,000,000 | 1,036,011 |
| Series A | ||
| 5.25%, due 1/1/50 | 1,000,000 | 1,034,628 |
| Southold Local Development Corp., Peconic Landing, Inc. Project, Revenue Bonds | ||
| 5.00%, due 12/1/45 | 1,625,000 | 1,624,898 |
| State of New York Mortgage Agency, Homeowner Mortgage, Revenue Bonds | ||
| Series 223 | ||
| 2.00%, due 10/1/27 | 775,000 | 759,633 |
| Series 239, Insured: SONYMA | ||
| 2.60%, due 10/1/44 | 1,000,000 | 738,538 |
| Series 221 | ||
| 3.50%, due 10/1/32 (d) | 2,220,000 | 2,214,138 |
| Series 190 | ||
| 3.80%, due 10/1/40 | 3,075,000 | 2,824,722 |
| Series 264, Insured: SONYMA | ||
| 4.60%, due 10/1/54 | 2,800,000 | 2,708,807 |
| Series 273, Insured: SONYMA | ||
| 4.70%, due 10/1/48 | 4,000,000 | 3,895,294 |
| Series 273, Insured: SONYMA | ||
| 6.00%, due 10/1/55 | 1,930,000 | 2,104,184 |
| Suffolk County Economic Development Corp., Peconic Landing at Southold, Inc., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/29 | 100,000 | 103,774 |
| Series A | ||
| 5.00%, due 12/1/34 | 165,000 | 169,249 |
| Series A | ||
| 5.00%, due 12/1/40 | 175,000 | 176,368 |
| Suffolk Tobacco Asset Securitization Corp., Tobacco Settlement, Asset Backed, Revenue Bonds | ||
| Series B-2 | ||
| (zero coupon), due 6/1/66 | 10,000,000 | 816,511 |
| Territory of Guam, Business Privilege Tax, Revenue Bonds | ||
| Series F | ||
| 4.00%, due 1/1/36 | 2,000,000 | 1,969,445 |
| Series D | ||
| 4.00%, due 11/15/39 | 2,310,000 | 2,078,712 |
| Territory of Guam, Section 30, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/36 | 1,020,000 | 1,020,337 |
| Tompkins County Development Corp., Kendal at Ithaca Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/44 | 765,000 | 765,226 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| Triborough Bridge & Tunnel Authority, Revenue Bonds | ||
| Series A-1 | ||
| 4.00%, due 5/15/54 | $ 9,000,000 | $ 7,951,768 |
| Series A-1 | ||
| 5.00%, due 5/15/49 | 4,750,000 | 4,891,943 |
| Triborough Bridge & Tunnel Authority, MTA Bridges & Tunnels, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 5/15/48 | 1,000,000 | 1,030,486 |
| Series A-1 | ||
| 5.25%, due 5/15/59 | 13,465,000 | 13,823,457 |
| Series A | ||
| 5.50%, due 12/1/59 | 30,000,000 | 31,661,748 |
| Triborough Bridge & Tunnel Authority, MTA Bridges & Tunnels, Revenue Bonds, Senior Lien | ||
| Series C | ||
| 5.25%, due 11/15/40 | 9,500,000 | 10,416,231 |
| Series C | ||
| 5.25%, due 11/15/42 | 4,000,000 | 4,345,966 |
| Series C | ||
| 5.25%, due 5/15/52 | 4,885,000 | 5,060,039 |
| Series D-2 | ||
| 5.50%, due 5/15/52 | 5,000,000 | 5,254,685 |
| TSASC, Inc., Revenue Bonds | ||
| Series B | ||
| 5.00%, due 6/1/45 | 5,500,000 | 5,155,083 |
| TSASC, Inc., Tobacco Settlement Bonds, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/41 | 2,000,000 | 2,009,528 |
| Series B | ||
| 5.00%, due 6/1/48 | 16,290,000 | 15,148,708 |
| Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/29 (c) | 800,000 | 802,088 |
| Series A | ||
| 5.00%, due 10/1/32 | 900,000 | 900,141 |
| Series A, Insured: AG-CR | ||
| 5.00%, due 10/1/32 | 1,070,000 | 1,079,302 |
| Westchester County Local Development Corp., Kendal on Hudson Project, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 1/1/51 | 2,500,000 | 2,508,424 |
| Westchester County Local Development Corp., Miriam Osborn Memorial Home Association Project, Revenue Bonds | ||
| 5.00%, due 7/1/27 | 270,000 | 274,088 |
| 5.00%, due 7/1/28 | 270,000 | 275,706 |
| 5.00%, due 7/1/29 | 100,000 | 102,104 |
| 5.00%, due 7/1/34 | 200,000 | 204,039 |
| Westchester County Local Development Corp., Sunrise of Tarrytown Project, Revenue Bonds, Senior Lien (c) | ||
| Series A | ||
| 6.375%, due 12/1/55 | 1,660,000 | 1,711,470 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| Westchester County Local Development Corp., Sunrise of Tarrytown Project, Revenue Bonds, Senior Lien (c) | ||
| Series A | ||
| 6.50%, due 12/1/65 | $ 2,500,000 | $ 2,580,051 |
| Westchester Tobacco Asset Securitization Corp., Tobacco Settlement, Asset-Backed, Revenue Bonds, Senior Lien | ||
| Series B | ||
| 5.00%, due 6/1/41 | 250,000 | 251,479 |
| Yonkers Industrial Development Agency, New Community School Project, Revenue Bonds | ||
| Insured: State Aid Withholding | ||
| 5.25%, due 5/1/51 | 1,280,000 | 1,326,367 |
| 723,385,973 | ||
| Transportation 13.1% | ||
| Albany County Airport Authority, Revenue Bonds | ||
| 4.00%, due 12/15/44 | 835,000 | 782,771 |
| Series A | ||
| 5.00%, due 12/15/43 | 1,750,000 | 1,786,108 |
| Series A | ||
| 5.00%, due 12/15/48 | 2,585,000 | 2,602,648 |
| Buffalo & Fort Erie Public Bridge Authority, Revenue Bonds | ||
| 5.00%, due 1/1/47 | 3,635,000 | 3,643,633 |
| Build NYC Resource Corp., TrIPs Obligated Group, Revenue Bonds (d) | ||
| 5.50%, due 7/1/44 | 1,265,000 | 1,330,979 |
| 5.50%, due 7/1/45 | 1,200,000 | 1,256,888 |
| Metropolitan Transportation Authority, Revenue Bonds | ||
| Series B, Insured: BAM | ||
| 5.00%, due 11/15/52 | 8,425,000 | 8,530,026 |
| Metropolitan Transportation Authority, Green Bond, Revenue Bonds | ||
| Series C-2, Insured: BAM | ||
| (zero coupon), due 11/15/40 | 9,325,000 | 4,914,534 |
| Series A-1, Insured: AG | ||
| 4.00%, due 11/15/42 | 2,180,000 | 2,024,354 |
| Series C, Insured: AG | ||
| 4.00%, due 11/15/46 | 1,600,000 | 1,418,741 |
| Series D | ||
| 4.00%, due 11/15/48 | 300,000 | 260,660 |
| Metropolitan Transportation Authority, Transportation, Revenue Bonds | ||
| Series A-2, Insured: AG | ||
| 5.00%, due 11/15/44 | 9,000,000 | 9,142,116 |
| MTA Hudson Rail Yards Trust Obligations, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/15/51 | 525,000 | 524,971 |
| New York Liberty Development Corp., 1 World Trade Center Project, Revenue Bonds | ||
| Insured: BAM | ||
| 2.75%, due 2/15/44 | 8,000,000 | 6,111,166 |
| Insured: AG-CR | ||
| 4.00%, due 2/15/43 | 5,585,000 | 5,257,389 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Transportation | ||
| New York State Thruway Authority, Revenue Bonds | ||
| Series O | ||
| 4.00%, due 1/1/39 | $ 6,000,000 | $ 5,859,101 |
| Series B, Insured: AG | ||
| 4.00%, due 1/1/45 | 4,450,000 | 4,204,030 |
| Series P | ||
| 5.25%, due 1/1/54 | 9,500,000 | 9,845,472 |
| New York State Thruway Authority, General Revenue Junior Indebtedness Obligation, Revenue Bonds, Junior Lien | ||
| Series B, Insured: BAM | ||
| 4.00%, due 1/1/45 | 9,050,000 | 8,549,768 |
| New York Transportation Development Corp., JFK Airport Terminal 6 Redevelopment Project, Revenue Bonds (d) | ||
| Series B, Insured: AG | ||
| (zero coupon), due 12/31/54 (g) | 9,250,000 | 6,056,123 |
| Series A, Insured: AG | ||
| 5.25%, due 12/31/54 | 9,420,000 | 9,573,107 |
| New York Transportation Development Corp., JFK International Air Terminal LLC, Revenue Bonds | ||
| 5.00%, due 12/1/41 (d) | 1,000,000 | 1,026,454 |
| New York Transportation Development Corp., JFK International Airport, Revenue Bonds | ||
| Insured: BAM | ||
| 5.375%, due 6/30/60 (d) | 3,955,000 | 3,997,346 |
| New York Transportation Development Corp., JFK Millennium Partners LLC, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 12/31/60 (d) | 3,500,000 | 3,543,420 |
| New York Transportation Development Corp., JFK NTO LLC, Revenue Bonds (d) | ||
| Insured: AG | ||
| 5.00%, due 6/30/54 | 1,600,000 | 1,588,012 |
| 5.50%, due 6/30/54 | 17,050,000 | 17,273,676 |
| New York Transportation Development Corp., LaGuardia Airport Terminal B Redevelopment Project, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 1/1/50 (d) | 500,000 | 499,481 |
| New York Transportation Development Corp., Terminal 4 John F. Kennedy International Airport Project, Revenue Bonds (d) | ||
| Series A | ||
| 4.00%, due 12/1/41 | 1,300,000 | 1,179,612 |
| Series A | ||
| 5.00%, due 12/1/29 | 1,750,000 | 1,835,036 |
| 5.00%, due 12/1/37 | 4,000,000 | 4,175,323 |
| Series A | ||
| 5.00%, due 12/1/37 | 1,000,000 | 1,027,600 |
| 5.00%, due 12/1/42 | 1,000,000 | 1,023,441 |
| 6.00%, due 6/30/54 | 8,500,000 | 8,772,207 |
| Niagara Frontier Transportation Authority, Buffalo Niagara International Airport, Revenue Bonds (d) | ||
| Series A | ||
| 5.00%, due 4/1/27 | 610,000 | 610,674 |
| Series A | ||
| 5.00%, due 4/1/29 | 325,000 | 325,305 |
| Series A | ||
| 5.00%, due 4/1/30 | 175,000 | 181,734 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Transportation | ||
| Niagara Frontier Transportation Authority, Buffalo Niagara International Airport, Revenue Bonds (d) | ||
| Series A | ||
| 5.00%, due 4/1/32 | $ 400,000 | $ 412,554 |
| Series A | ||
| 5.00%, due 4/1/34 | 1,315,000 | 1,351,146 |
| Series A | ||
| 5.00%, due 4/1/35 | 400,000 | 410,107 |
| Series A | ||
| 5.00%, due 4/1/36 | 1,665,000 | 1,702,971 |
| Series A | ||
| 5.00%, due 4/1/38 | 375,000 | 381,652 |
| Ogdensburg Bridge and Port Authority, Revenue Bonds | ||
| 5.75%, due 7/1/47 (c)(d) | 1,855,000 | 1,711,005 |
| Port Authority of Guam, Revenue Bonds (d) | ||
| Series B | ||
| 5.00%, due 7/1/36 | 625,000 | 633,284 |
| Series B | ||
| 5.00%, due 7/1/37 | 235,000 | 237,844 |
| Port Authority of New York & New Jersey, Revenue Bonds (d) | ||
| Series 221 | ||
| 4.00%, due 7/15/37 | 1,900,000 | 1,871,004 |
| Series 214 | ||
| 4.00%, due 9/1/43 | 3,000,000 | 2,756,418 |
| Series 223 | ||
| 4.00%, due 7/15/46 | 3,000,000 | 2,692,761 |
| Series 231 | ||
| 5.50%, due 8/1/42 | 3,770,000 | 4,013,325 |
| Syracuse Regional Airport Authority, Revenue Bonds (d) | ||
| 5.00%, due 7/1/27 | 635,000 | 642,330 |
| 5.00%, due 7/1/31 | 1,000,000 | 1,056,409 |
| 5.00%, due 7/1/34 | 775,000 | 810,224 |
| Triborough Bridge & Tunnel Authority, Revenue Bonds | ||
| Series A-1 | ||
| 4.00%, due 11/15/54 | 10,000,000 | 8,834,140 |
| Triborough Bridge & Tunnel Authority, MTA Bridges & Tunnels, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 11/15/54 | 5,000,000 | 4,402,927 |
| Series B | ||
| 5.00%, due 11/15/37 | 1,200,000 | 1,214,202 |
| Series A-1 | ||
| 5.00%, due 11/15/48 | 10,000,000 | 10,375,866 |
| Series A-1 | ||
| 5.25%, due 11/15/54 | 7,500,000 | 7,845,214 |
| Series A-1 | ||
| 5.50%, due 11/15/56 | 7,500,000 | 8,013,100 |
| Series A | ||
| 5.50%, due 11/15/57 | 6,000,000 | 6,296,554 |
| 208,398,943 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Utilities 2.4% | ||
| Guam Power Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/33 | $ 1,255,000 | $ 1,269,318 |
| Series A | ||
| 5.00%, due 10/1/40 | 3,750,000 | 3,764,940 |
| New York Power Authority, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 11/15/50 | 3,500,000 | 3,179,883 |
| Series A | ||
| 4.00%, due 11/15/60 | 17,000,000 | 14,760,207 |
| New York Power Authority, Green Transmission Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 4.00%, due 11/15/47 | 2,620,000 | 2,431,451 |
| Series A, Insured: AG | ||
| 4.00%, due 11/15/52 | 8,175,000 | 7,242,721 |
| Puerto Rico Electric Power Authority, Revenue Bonds | ||
| Series UU, Insured: AG | ||
| 3.162%, due 7/1/29 | 2,205,000 | 2,176,124 |
| Series XX | ||
| 5.25%, due 7/1/40 (a)(b) | 5,630,000 | 4,102,863 |
| 38,927,507 | ||
| Water & Sewer 5.0% | ||
| Albany Municipal Water Finance Authority, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 12/1/50 | 5,670,000 | 5,036,377 |
| Guam Government Waterworks Authority, Water and Wastewater System, Revenue Bonds | ||
| 5.00%, due 1/1/46 | 1,000,000 | 1,000,130 |
| Monroe County Water Authority, Water System, Revenue Bonds | ||
| 3.50%, due 3/1/45 | 2,000,000 | 1,772,125 |
| 5.00%, due 8/1/37 | 750,000 | 751,482 |
| New York City Municipal Water Finance Authority, New York City Water & Sewer System, Revenue Bonds | ||
| Series AA-1 | ||
| 5.25%, due 6/15/53 | 7,900,000 | 8,260,170 |
| New York City Municipal Water Finance Authority, Water & Sewer System, Revenue Bonds | ||
| Series CC-1 | ||
| 5.25%, due 6/15/54 | 14,495,000 | 15,101,808 |
| Series BB-1 | ||
| 5.25%, due 6/15/54 | 4,220,000 | 4,365,889 |
| New York City Municipal Water Finance Authority, Water & Sewer System Second General Resolution, Revenue Bonds | ||
| Series EE | ||
| 4.00%, due 6/15/45 | 2,000,000 | 1,884,488 |
| Series DD-2 | ||
| 5.25%, due 6/15/47 | 6,435,000 | 6,780,254 |
| Series AA-1 | ||
| 5.25%, due 6/15/52 | 5,870,000 | 6,107,526 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Water & Sewer | ||
| New York State Environmental Facilities Corp., New York City Municipal Water Finance Authority Projects, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 6/15/53 | $ 7,125,000 | $ 7,510,643 |
| New York State Environmental Facilities Corp., State Revolving Fund, Revenue Bonds | ||
| Series B | ||
| 5.25%, due 9/15/52 | 4,850,000 | 5,090,658 |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds (c) | ||
| Series B | ||
| 4.00%, due 7/1/47 | 5,000,000 | 4,604,524 |
| Series B | ||
| 5.00%, due 7/1/37 | 545,000 | 568,048 |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds, Senior Lien (c) | ||
| Series A | ||
| 5.00%, due 7/1/35 | 5,455,000 | 5,676,748 |
| Series A | ||
| 5.00%, due 7/1/47 | 2,500,000 | 2,521,764 |
| Upper Mohawk Valley Regional Water Finance Authority, Revenue Bonds | ||
| Insured: BAM | ||
| 4.25%, due 4/1/48 | 2,415,000 | 2,334,188 |
| 79,366,822 | ||
| Total Long-Term Municipal Bonds (Cost $1,535,396,682) | 1,520,478,978 | |
| Short-Term Municipal Notes 1.9% | ||
| Education 0.5% | ||
| New York State Dormitory Authority, Columbia University, Revenue Bonds | ||
| Series A | ||
| 2.45%, due 9/1/39 (h) | 7,070,000 | 7,070,000 |
| General 0.3% | ||
| Nuveen New York AMT-Free Quality Municipal Income Fund | ||
| 2.61%, due 5/1/47 (c)(h) | 5,400,000 | 5,400,000 |
| Other Revenue 0.2% | ||
| Trust for Cultural Resources of The City of New York (The), The New York Botanical Garden, Revenue Bonds | ||
| Series A | ||
| 2.10%, due 7/1/32 (h) | 3,685,000 | 3,685,000 |
| Transportation 0.9% | ||
| Metropolitan Transportation Authority, Revenue Bonds | ||
| Series D-1 | ||
| 3.05%, due 11/1/35 (h) | 10,400,000 | 10,400,000 |
| Triborough Bridge & Tunnel Authority, Revenue Bonds (h) | ||
| Series B-4A | ||
| 2.95%, due 1/1/32 | 900,000 | 900,000 |
| Principal Amount | Value | ||
| Short-Term Municipal Notes | |||
| Transportation | |||
| Triborough Bridge & Tunnel Authority, Revenue Bonds (h) | |||
| Series C | |||
| 3.05%, due 1/1/32 | $ 2,955,000 | $ 2,955,000 | |
| 14,255,000 | |||
| Total Short-Term Municipal Notes (Cost $30,410,000) | 30,410,000 | ||
| Total Municipal Bonds (Cost $1,565,806,682) | 1,550,888,978 | ||
| Shares | |||
| Closed-End Fund 0.1% | |||
| New York 0.1% | |||
| BlackRock MuniYield New York Quality Fund, Inc. | 236,840 | 2,297,348 | |
| Total Closed-End Fund (Cost $2,506,626) | 2,297,348 | ||
| Short-Term Investment 2.6% | |||
| Unaffiliated Investment Company 2.6% | |||
| BNY Dreyfus Government Cash Management - Institutional Shares, 3.552% (i) | 41,050,659 | 41,050,659 | |
| Total Short-Term Investment (Cost $41,050,659) | 41,050,659 | ||
| Total Investments (Cost $1,609,363,967) | 100.2% | 1,594,236,985 | |
| Other Assets, Less Liabilities | (0.2) | (3,537,486) | |
| Net Assets | 100.0% | $ 1,590,699,499 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| (a) | Issue in default. |
| (b) | Issue in non-accrual status. |
| (c) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (d) | Interest on these securities is subject to alternative minimum tax. |
| (e) | Coupon rate may change based on changes of the underlying collateral or prepayments of principal. Rate shown was the rate in effect as of July 31, 2026. |
| (f) | Delayed delivery security. |
| (g) | Step coupon—Rate shown was the rate in effect as of July 31, 2026. |
| (h) | Variable-rate demand notes (VRDNs)—Provide the right to sell the security at face value on either that day or within the rate-reset period. VRDNs will normally trade as if the maturity is the earlier put date, even though stated maturity is longer. The interest rate is reset on the put date at a stipulated daily, weekly, monthly, quarterly, or other specified time interval to reflect current market conditions. These securities do not indicate a reference rate and spread in their description. The maturity date shown is the final maturity. |
| (i) | Current yield as of July 31, 2026. |
| Type | Number of Contracts | Expiration Date | Value at Trade Date | Current Notional Amount | Unrealized Appreciation (Depreciation)2 |
| Short Contracts | |||||
| U.S. Treasury Long Bonds | (155) | September 2026 | $ (17,146,120) | $ (16,788,438) | $ 357,682 |
| 1. | As of July 31, 2026, cash in the amount of $573,500 was on deposit with a broker or futures commission merchant for futures transactions. |
| 2. | Represents the difference between the value of the contracts at the time they were opened and the value as of July 31, 2026. |
| Abbreviation(s): |
| AG—Assured Guaranty Ltd. |
| AMBAC—Ambac Assurance Corp. |
| BAM—Build America Mutual Assurance Co. |
| CR—Custodial Receipts |
| FHA—Federal Housing Administration |
| FHLMC—Federal Home Loan Mortgage Corp. |
| HUD—Housing and Urban Development |
| MTA—Metropolitan Transportation Authority |
| SONYMA—State of New York Mortgage Agency |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Municipal Bonds | |||||||
| Long-Term Municipal Bonds | $ — | $ 1,520,478,978 | $ — | $ 1,520,478,978 | |||
| Short-Term Municipal Notes | — | 30,410,000 | — | 30,410,000 | |||
| Total Municipal Bonds | — | 1,550,888,978 | — | 1,550,888,978 | |||
| Closed-End Fund | 2,297,348 | — | — | 2,297,348 | |||
| Short-Term Investment | |||||||
| Unaffiliated Investment Company | 41,050,659 | — | — | 41,050,659 | |||
| Total Investments in Securities | 43,348,007 | 1,550,888,978 | — | 1,594,236,985 | |||
| Other Financial Instruments | |||||||
| Futures Contracts (b) | 357,682 | — | — | 357,682 | |||
| Total Investments in Securities and Other Financial Instruments | $ 43,705,689 | $ 1,550,888,978 | $ — | $ 1,594,594,667 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| (b) | The value listed for these securities reflects unrealized appreciation (depreciation) as shown on the Portfolio of Investments. |
| Principal Amount | Value | |
| Municipal Bonds 99.0% | ||
| Long-Term Municipal Bonds 98.1% | ||
| Education 0.4% | ||
| Oregon State Facilities Authority, Reed Institute Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/31 | $ 1,135,000 | $ 1,148,208 |
| General 1.5% | ||
| Tri-County Metropolitan Transportation District of Oregon, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.00%, due 9/1/30 | 3,975,000 | 3,982,150 |
| General Obligation 45.9% | ||
| Bend Metropolitan Park & Recreation District, Unlimited General Obligation | ||
| 4.00%, due 6/1/27 | 1,430,000 | 1,430,620 |
| Benton & Linn Counties Consolidated School District No. 509J & 509A, Corvallis, Unlimited General Obligation | ||
| Series A, Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/31 | 2,000,000 | 2,075,742 |
| Blue Mountain Community College District, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 4.00%, due 6/15/27 | 970,000 | 972,278 |
| City of Bend, Limited General Obligation | ||
| 5.00%, due 6/1/38 | 1,545,000 | 1,712,214 |
| City of Corvallis, Limited General Obligation | ||
| 5.00%, due 6/1/43 | 1,500,000 | 1,608,918 |
| City of Redmond, Airport Expansion Projects, Limited General Obligation (a) | ||
| Series A | ||
| 5.00%, due 6/1/34 | 550,000 | 595,677 |
| Series A | ||
| 5.00%, due 6/1/35 | 500,000 | 542,567 |
| Series A | ||
| 5.00%, due 6/1/38 | 1,220,000 | 1,295,791 |
| Series A | ||
| 5.25%, due 6/1/43 | 1,075,000 | 1,132,720 |
| Series A | ||
| 5.25%, due 6/1/45 | 1,750,000 | 1,828,087 |
| Clackamas Community College District, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/42 | 1,500,000 | 1,621,281 |
| Clackamas County School District No. 12, North Clackamas, Unlimited General Obligation | ||
| Series A, Insured: School Bond Guaranty | ||
| (zero coupon), due 6/15/41 | 645,000 | 334,825 |
| Series A, Insured: School Bond Guaranty | ||
| (zero coupon), due 6/15/41 | 5,355,000 | 2,698,435 |
| Series B, Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/37 | 2,000,000 | 2,028,474 |
| Clackamas County School District No. 7J, Lake Oswego, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/1/36 | 2,000,000 | 2,265,080 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| General Obligation | ||
| Clackamas County School District No. 7J, Lake Oswego, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/1/45 | $ 3,465,000 | $ 3,692,415 |
| Insured: School Bond Guaranty | ||
| 5.25%, due 6/1/51 | 1,500,000 | 1,590,355 |
| Commonwealth of Puerto Rico | ||
| (zero coupon), due 11/1/43 | 2,665,286 | 1,902,348 |
| (zero coupon), due 11/1/51 | 1,872,568 | 1,369,315 |
| Commonwealth of Puerto Rico, Unlimited General Obligation | ||
| Series A-1 | ||
| 4.00%, due 7/1/35 | 616,763 | 611,768 |
| Series A-1 | ||
| 5.625%, due 7/1/27 | 748,003 | 762,943 |
| Deschutes & Jefferson Counties School District No. 2J, Redmond, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/35 | 1,750,000 | 1,970,404 |
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/38 | 1,000,000 | 1,104,984 |
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/39 | 1,000,000 | 1,096,108 |
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/40 | 1,000,000 | 1,090,702 |
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/41 | 1,000,000 | 1,086,028 |
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/42 | 1,000,000 | 1,080,854 |
| Deschutes County Administrative School District No. 1, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 3.00%, due 6/15/29 | 1,000,000 | 990,944 |
| Jackson County School District No. 5, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/33 | 1,620,000 | 1,701,606 |
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/42 | 5,205,000 | 5,354,330 |
| Linn Benton Community College District, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/1/27 | 1,520,000 | 1,521,360 |
| Marion & Linn Counties School District No. 29J, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/32 | 1,160,000 | 1,254,858 |
| Marion County School District No. 1, Gervais, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/42 | 1,250,000 | 1,341,322 |
| Metro, Unlimited General Obligation | ||
| Series A | ||
| 4.00%, due 6/1/33 | 2,390,000 | 2,456,120 |
| 5.00%, due 6/1/31 | 2,050,000 | 2,245,038 |
| 5.00%, due 6/1/35 | 1,000,000 | 1,134,763 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| General Obligation | ||
| Mount Hood Community College District, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/38 | $ 1,000,000 | $ 1,104,185 |
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/39 | 1,000,000 | 1,095,316 |
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/40 | 1,000,000 | 1,089,915 |
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/43 | 1,000,000 | 1,074,176 |
| Multnomah & Clackamas Counties School District No. 10JT, Unlimited General Obligation | ||
| Series A, Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/29 | 2,500,000 | 2,548,733 |
| Multnomah County School District No. 1J, Portland Public Schools, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 3.00%, due 6/15/37 | 1,735,000 | 1,535,600 |
| Multnomah County School District No. 40, Unlimited General Obligation | ||
| Series B, Insured: School Bond Guaranty | ||
| (zero coupon), due 6/15/27 | 1,000,000 | 973,720 |
| Multnomah County School District No. 7, Reynolds, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/30 | 1,000,000 | 1,072,793 |
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/32 | 1,000,000 | 1,097,443 |
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/33 | 1,000,000 | 1,109,104 |
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/34 | 1,000,000 | 1,117,055 |
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/35 | 1,000,000 | 1,122,682 |
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/36 | 1,000,000 | 1,108,873 |
| Nehalem Bay Health District, Unlimited General Obligation | ||
| Series A | ||
| 5.00%, due 6/15/44 | 2,655,000 | 2,769,907 |
| Northwest Regional Education Service District, Unlimited General Obligation | ||
| 5.00%, due 6/1/34 | 500,000 | 548,321 |
| Oregon City School District No. 62, Unlimited General Obligation | ||
| Series A, Insured: School Bond Guaranty | ||
| (zero coupon), due 6/15/27 | 210,000 | 204,621 |
| Series A, Insured: School Bond Guaranty | ||
| (zero coupon), due 6/15/28 | 200,000 | 188,849 |
| Series A, Insured: School Bond Guaranty | ||
| (zero coupon), due 6/15/29 | 225,000 | 205,060 |
| Pacific Communities Health District, Unlimited General Obligation | ||
| 5.00%, due 6/1/29 | 1,945,000 | 1,947,120 |
| 5.00%, due 6/1/30 | 2,060,000 | 2,062,214 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| General Obligation | ||
| Polk Marion & Benton Counties School District No. 13J, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 4.00%, due 2/1/28 | $ 1,515,000 | $ 1,518,963 |
| Salem-Keizer School District No. 24J, Unlimited General Obligation (b) | ||
| Series B, Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/32 | 1,135,000 | 1,216,285 |
| Series B, Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/33 | 1,000,000 | 1,068,851 |
| State of Oregon, Article XI-Q State Projects, Limited General Obligation | ||
| Series J | ||
| 5.00%, due 11/1/39 | 1,605,000 | 1,729,083 |
| State of Oregon, Article XI-Q State Projects, Unlimited General Obligation | ||
| Series A | ||
| 5.00%, due 5/1/37 | 2,300,000 | 2,503,389 |
| Series A | ||
| 5.00%, due 5/1/44 | 3,000,000 | 3,086,564 |
| State of Oregon, Articles XI-M, XI-N, XI-P State Projects, Unlimited General Obligation | ||
| Series C | ||
| 5.25%, due 6/1/44 | 1,500,000 | 1,636,760 |
| State of Oregon, Veterans Welfare, Limited General Obligation | ||
| Series I, Insured: AG-CR | ||
| 2.15%, due 12/1/34 | 2,000,000 | 1,666,260 |
| State of Oregon, Veterans Welfare, Unlimited General Obligation | ||
| Series I | ||
| 6.25%, due 6/1/55 | 985,000 | 1,075,448 |
| Tillamook & Yamhill Counties School District No. 101, Unlimited General Obligation | ||
| Series B, Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/31 | 1,275,000 | 1,323,286 |
| Umatilla Hospital District No. 1, Limited General Obligation | ||
| 4.75%, due 6/1/43 | 2,230,000 | 2,224,253 |
| Washington & Clackamas Counties School District No. 23J, Tigard-Tualatin, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/30 | 2,000,000 | 2,039,160 |
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/39 | 2,800,000 | 3,055,837 |
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/43 | 2,500,000 | 2,670,039 |
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/44 | 4,310,000 | 4,580,765 |
| Washington & Multnomah Counties School District No. 48J, Beaverton, Unlimited General Obligation | ||
| Series B, Insured: School Bond Guaranty | ||
| (zero coupon), due 6/15/30 | 1,000,000 | 867,053 |
| Series A, Insured: School Bond Guaranty | ||
| (zero coupon), due 6/15/38 | 2,000,000 | 1,197,607 |
| Series A, Insured: School Bond Guaranty | ||
| (zero coupon), due 6/15/40 | 2,000,000 | 1,062,700 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| General Obligation | ||
| Washington Clackamas & Yamhill Counties School District No. 88J, Sherwood, Unlimited General Obligation | ||
| Series A, Insured: School Bond Guaranty | ||
| (zero coupon), due 6/15/42 | $ 3,000,000 | $ 1,413,833 |
| Series B, Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/29 | 2,785,000 | 2,839,289 |
| Washington County School District No. 15, Forest Grove, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/41 | 1,000,000 | 1,081,343 |
| 121,333,729 | ||
| Hospital 9.4% | ||
| Medford Hospital Facilities Authority, Asante Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 4.00%, due 8/15/45 | 1,600,000 | 1,463,580 |
| Series A | ||
| 5.00%, due 8/15/33 | 500,000 | 527,812 |
| Series A | ||
| 5.00%, due 8/15/34 | 1,180,000 | 1,239,550 |
| Oregon Health & Science University, Revenue Bonds | ||
| Series B-2 | ||
| 5.00%, due 7/1/46 (c) | 8,660,000 | 9,264,838 |
| Oregon State Facilities Authority, Legacy Health Project, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 6/1/30 | 2,255,000 | 2,392,730 |
| Oregon State Facilities Authority, Samaritan Health Services Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/35 | 550,000 | 564,408 |
| Series A | ||
| 5.00%, due 10/1/40 | 2,105,000 | 2,119,288 |
| Series A | ||
| 5.00%, due 10/1/46 | 265,000 | 258,145 |
| Salem Hospital Facility Authority, Salem Health Projects, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 5/15/41 | 3,000,000 | 2,750,390 |
| Series A | ||
| 5.00%, due 5/15/30 | 1,130,000 | 1,181,328 |
| Union County Hospital Facility Authority, Grande Ronde Hospital Project, Revenue Bonds | ||
| 5.00%, due 7/1/28 | 135,000 | 138,309 |
| 5.00%, due 7/1/29 | 175,000 | 180,590 |
| 5.00%, due 7/1/30 | 200,000 | 207,349 |
| 5.00%, due 7/1/31 | 665,000 | 692,510 |
| 5.00%, due 7/1/32 | 500,000 | 522,061 |
| 5.00%, due 7/1/47 | 1,250,000 | 1,195,333 |
| 24,698,221 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue 27.7% | ||
| Black Belt Energy Gas District, Gas Project, Revenue Bonds | ||
| Series G | ||
| 5.00%, due 6/1/31 | $ 2,500,000 | $ 2,610,374 |
| Series B | ||
| 5.00%, due 12/1/34 | 1,000,000 | 1,050,790 |
| Series D | ||
| 5.00%, due 12/1/55 (c) | 2,000,000 | 2,080,567 |
| Central Lincoln People's Utility District, Revenue Bonds | ||
| 5.00%, due 12/1/42 | 600,000 | 643,009 |
| 5.00%, due 12/1/44 | 425,000 | 450,862 |
| 5.00%, due 12/1/45 | 355,000 | 374,520 |
| City of Eugene, Electric Utility System, Revenue Bonds | ||
| 5.00%, due 8/1/44 | 1,000,000 | 1,068,632 |
| 5.00%, due 8/1/45 | 1,200,000 | 1,275,870 |
| 5.00%, due 8/1/46 | 850,000 | 900,180 |
| Clackamas County Housing Authority, Easton Ridge LLC, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 9/1/27 | 680,000 | 680,293 |
| Energy Southeast, A Cooperative District Energy Supply, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 9/1/33 | 1,500,000 | 1,514,060 |
| FHLMC Multifamily VRD Certificates, Revenue Bonds | ||
| Series ML-27, Insured: FHLMC | ||
| 4.759%, due 8/25/41 | 2,967,500 | 3,029,631 |
| GDB Debt Recovery Authority of Puerto Rico, Revenue Bonds | ||
| 7.50%, due 8/20/40 | 472,603 | 467,175 |
| Kentucky Public Energy Authority, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 12/1/33 | 1,250,000 | 1,269,657 |
| Series A | ||
| 5.00%, due 6/1/34 | 1,000,000 | 1,024,369 |
| Main Street Energy, Inc., Energy Project, Revenue Bonds | ||
| Series D | ||
| 5.00%, due 12/1/33 | 1,000,000 | 1,038,931 |
| Main Street Natural Gas, Inc., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/53 (c) | 1,000,000 | 1,034,423 |
| Matching Fund Special Purpose Securitization Corp., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/39 | 3,630,000 | 3,727,783 |
| New Hampshire Business Finance Authority, Revenue Bonds | ||
| Series 2, Class A-1 | ||
| 4.22%, due 11/20/42 (c) | 2,623,910 | 2,490,128 |
| New Hampshire Business Finance Authority, The Astro Sunterra Project, Revenue Bonds | ||
| (zero coupon), due 12/15/34 (d) | 500,000 | 288,885 |
| Oregon State Business Development Commission, Intel Corp. Project, Revenue Bonds | ||
| Series 232 | ||
| 3.80%, due 12/1/40 (c) | 6,000,000 | 6,055,303 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| Oregon State Lottery, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 4/1/29 | $ 1,000,000 | $ 1,058,193 |
| Series A | ||
| 5.00%, due 4/1/33 | 1,000,000 | 1,111,486 |
| Series A | ||
| 5.25%, due 4/1/42 | 2,150,000 | 2,354,855 |
| Puerto Rico Sales Tax Financing Corp., Revenue Bonds | ||
| Series A-2 | ||
| 4.329%, due 7/1/40 | 2,821,000 | 2,757,536 |
| Series A-1 | ||
| 4.50%, due 7/1/34 | 579,000 | 577,430 |
| Puerto Rico Sales Tax Financing Corp., Restructured, Revenue Bonds | ||
| Series A-2 | ||
| 4.329%, due 7/1/40 | 1,391,000 | 1,359,707 |
| Series A-1 | ||
| 4.55%, due 7/1/40 | 545,000 | 540,066 |
| State of Oregon, Housing & Community Services Department, Revenue Bonds | ||
| Series A | ||
| 3.50%, due 1/1/51 | 2,205,000 | 2,196,656 |
| Series C | ||
| 3.75%, due 7/1/38 | 705,000 | 658,008 |
| Series A | ||
| 4.00%, due 7/1/51 | 5,405,000 | 5,424,969 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 7/1/55 | 3,945,000 | 4,341,707 |
| State of Oregon, Housing & Community Services Department, Verde Pines Project, Revenue Bonds | ||
| Series O | ||
| 3.10%, due 12/1/59 (c) | 1,875,000 | 1,873,810 |
| Territory of Guam, Revenue Bonds | ||
| Series F | ||
| 5.00%, due 1/1/30 | 1,000,000 | 1,046,050 |
| Series F | ||
| 5.00%, due 1/1/31 | 1,000,000 | 1,054,457 |
| Series G | ||
| 5.00%, due 1/1/32 | 1,850,000 | 1,959,865 |
| Texas Municipal Gas Acquisition & Supply Corp. IV, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 1/1/54 (c) | 2,650,000 | 2,781,149 |
| Tri-County Metropolitan Transportation District of Oregon, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/27 | 550,000 | 563,699 |
| Tri-County Metropolitan Transportation District of Oregon, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 3.00%, due 9/1/44 | 5,000 | 4,039 |
| Series A | ||
| 5.00%, due 9/1/44 | 2,000,000 | 2,156,928 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| Warm Springs Reservation Confederated Tribe, Pelton-Round Butte Project, Revenue Bonds (d) | ||
| Series B | ||
| 5.00%, due 11/1/32 | $ 1,000,000 | $ 1,043,030 |
| Series B | ||
| 5.00%, due 11/1/34 | 1,200,000 | 1,245,990 |
| Series B | ||
| 5.00%, due 11/1/36 | 500,000 | 516,868 |
| Series B | ||
| 5.00%, due 11/1/39 | 3,410,000 | 3,502,987 |
| 73,204,927 | ||
| Transportation 7.1% | ||
| County of Jackson, Airport, Revenue Bonds | ||
| Insured: BAM | ||
| 5.00%, due 12/1/35 | 460,000 | 504,088 |
| Insured: BAM | ||
| 5.00%, due 12/1/36 | 500,000 | 548,038 |
| Insured: BAM | ||
| 5.00%, due 12/1/37 | 325,000 | 353,323 |
| Port of Portland, Airport, Revenue Bonds (a) | ||
| Series 27-A | ||
| 5.00%, due 7/1/35 | 4,290,000 | 4,481,690 |
| Series 30-A | ||
| 5.00%, due 7/1/36 | 1,000,000 | 1,079,884 |
| Series 30-A | ||
| 5.25%, due 7/1/44 | 5,000,000 | 5,262,766 |
| State of Oregon, Department of Transportation, Revenue Bonds, Sub. Lien | ||
| Series A | ||
| 5.00%, due 11/15/41 | 1,355,000 | 1,447,203 |
| Tri-County Metropolitan Transportation District of Oregon, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/30 | 2,000,000 | 2,064,166 |
| Series A | ||
| 5.00%, due 10/1/31 | 3,000,000 | 3,090,830 |
| 18,831,988 | ||
| Utility 0.1% | ||
| Guam Power Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/44 | 200,000 | 204,186 |
| Water & Sewer 6.0% | ||
| City of Beaverton, Water, Revenue Bonds | ||
| 5.00%, due 4/1/36 | 1,760,000 | 1,855,182 |
| 5.00%, due 4/1/37 | 1,850,000 | 1,943,427 |
| City of Eugene, Water Utility System, Revenue Bonds | ||
| 5.00%, due 8/1/43 | 1,270,000 | 1,363,556 |
| Principal Amount | Value | ||
| Long-Term Municipal Bonds | |||
| Water & Sewer | |||
| City of Portland, Sewer System, Revenue Bonds, First Lien | |||
| Series A | |||
| 2.00%, due 6/15/29 | $ 750,000 | $ 718,022 | |
| City of Portland, Sewer System, Revenue Bonds, Second Lien | |||
| Series A | |||
| 5.00%, due 12/1/47 | 3,000,000 | 3,109,210 | |
| City of Portland, Water System, Revenue Bonds, Second Lien | |||
| Series A | |||
| 5.00%, due 5/1/35 | 1,740,000 | 1,831,038 | |
| Series A | |||
| 5.00%, due 5/1/35 | 2,000,000 | 2,230,216 | |
| Series A | |||
| 5.00%, due 5/1/38 | 1,250,000 | 1,362,584 | |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds | |||
| Series B | |||
| 4.00%, due 7/1/42 (d) | 1,325,000 | 1,271,680 | |
| 15,684,915 | |||
| Total Long-Term Municipal Bonds (Cost $257,680,687) | 259,088,324 | ||
| Short-Term Municipal Notes 0.9% | |||
| Hospital 0.9% | |||
| Oregon State Facilities Authority, PeaceHealth Obligated Group, Revenue Bonds | |||
| Series B | |||
| 2.95%, due 8/1/34 (e) | 2,400,000 | 2,400,000 | |
| Total Short-Term Municipal Notes (Cost $2,400,000) | 2,400,000 | ||
| Total Municipal Bonds (Cost $260,080,687) | 261,488,324 | ||
| Shares | |||
| Short-Term Investment 0.2% | |||
| Unaffiliated Investment Company 0.2% | |||
| BNY Dreyfus Government Cash Management - Institutional Shares, 3.552% (f) | 531,570 | 531,570 | |
| Total Short-Term Investment (Cost $531,570) | 531,570 | ||
| Total Investments (Cost $260,612,257) | 99.2% | 262,019,894 | |
| Other Assets, Less Liabilities | 0.8 | 2,198,628 | |
| Net Assets | 100.0% | $ 264,218,522 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| (a) | Interest on these securities is subject to alternative minimum tax. |
| (b) | Step coupon—Rate shown was the rate in effect as of July 31, 2026. |
| (c) | Coupon rate may change based on changes of the underlying collateral or prepayments of principal. Rate shown was the rate in effect as of July 31, 2026. |
| (d) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (e) | Variable-rate demand notes (VRDNs)—Provide the right to sell the security at face value on either that day or within the rate-reset period. VRDNs will normally trade as if the maturity is the earlier put date, even though stated maturity is longer. The interest rate is reset on the put date at a stipulated daily, weekly, monthly, quarterly, or other specified time interval to reflect current market conditions. These securities do not indicate a reference rate and spread in their description. The maturity date shown is the final maturity. |
| (f) | Current yield as of July 31, 2026. |
| Abbreviation(s): |
| AG—Assured Guaranty Ltd. |
| BAM—Build America Mutual Assurance Co. |
| CR—Custodial Receipts |
| FHLMC—Federal Home Loan Mortgage Corp. |
| FNMA—Federal National Mortgage Association |
| GNMA—Government National Mortgage Association |
| VRD—Variable Rate Demand |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Municipal Bonds | |||||||
| Long-Term Municipal Bonds | $ — | $ 259,088,324 | $ — | $ 259,088,324 | |||
| Short-Term Municipal Notes | — | 2,400,000 | — | 2,400,000 | |||
| Total Municipal Bonds | — | 261,488,324 | — | 261,488,324 | |||
| Short-Term Investment | |||||||
| Unaffiliated Investment Company | 531,570 | — | — | 531,570 | |||
| Total Investments in Securities | $ 531,570 | $ 261,488,324 | $ — | $ 262,019,894 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Principal Amount | Value | |
| Long-Term Bonds 93.3% | ||
| Convertible Bond 0.1% | ||
| Media 0.1% | ||
| Cable One, Inc. | ||
| 1.125%, due 3/15/28 | $ 9,650,000 | $ 4,270,125 |
| Total Convertible Bond (Cost $8,982,362) | 4,270,125 | |
| Corporate Bonds 81.6% | ||
| Advertising 1.2% | ||
| Clear Channel Outdoor Holdings, Inc. (a) | ||
| 7.125%, due 2/15/31 | 7,000,000 | 7,220,535 |
| 7.875%, due 4/1/30 | 2,500,000 | 2,596,307 |
| Lamar Media Corp. | ||
| 3.75%, due 2/15/28 | 5,500,000 | 5,382,494 |
| 4.00%, due 2/15/30 | 2,750,000 | 2,623,131 |
| 4.875%, due 1/15/29 | 10,000,000 | 9,854,797 |
| Outfront Media Capital LLC (a) | ||
| 4.25%, due 1/15/29 | 5,750,000 | 5,586,264 |
| 4.625%, due 3/15/30 | 3,500,000 | 3,380,291 |
| 36,643,819 | ||
| Aerospace & Defense 2.4% | ||
| AAR Escrow Issuer LLC | ||
| 6.75%, due 3/15/29 (a) | 7,000,000 | 7,150,955 |
| Bombardier, Inc. | ||
| 7.25%, due 7/1/31 (a) | 1,000,000 | 1,041,571 |
| TransDigm, Inc. | ||
| 4.625%, due 1/15/29 | 7,000,000 | 6,861,751 |
| 6.375%, due 3/1/29 (a) | 24,000,000 | 24,288,744 |
| 6.75%, due 8/15/28 (a) | 26,320,000 | 26,484,784 |
| 6.875%, due 12/15/30 (a) | 3,000,000 | 3,075,222 |
| 7.125%, due 12/1/31 (a) | 2,500,000 | 2,578,600 |
| 71,481,627 | ||
| Agriculture 0.1% | ||
| Darling Ingredients, Inc. (a) | ||
| 5.25%, due 4/15/27 | 500,000 | 499,917 |
| 6.00%, due 6/15/30 | 1,750,000 | 1,757,849 |
| 2,257,766 | ||
| Airlines 0.2% | ||
| United Airlines Holdings, Inc. | ||
| 5.375%, due 3/1/31 | 5,170,000 | 5,102,263 |
| Apparel 0.3% | ||
| Under Armour, Inc. | ||
| 7.25%, due 7/15/30 (a) | 6,000,000 | 6,112,068 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Apparel | ||
| William Carter Co. (The) | ||
| 7.375%, due 2/15/31 (a) | $ 2,510,000 | $ 2,573,794 |
| 8,685,862 | ||
| Auto Manufacturers 0.1% | ||
| Ford Motor Credit Co. LLC | ||
| 7.35%, due 11/4/27 | 2,000,000 | 2,051,466 |
| JB Poindexter & Co., Inc. | ||
| 8.75%, due 12/15/31 (a) | 1,275,000 | 1,313,708 |
| 3,365,174 | ||
| Auto Parts & Equipment 1.9% | ||
| Adient Global Holdings Ltd. | ||
| 7.00%, due 4/15/28 (a) | 650,000 | 659,750 |
| Clarios Global LP | ||
| 6.75%, due 2/15/30 (a) | 2,500,000 | 2,563,488 |
| Cooper-Standard Automotive, Inc. | ||
| 9.25%, due 3/1/31 (a) | 3,000,000 | 3,053,588 |
| Cyprium Corp. | ||
| 6.125%, due 4/15/31 (a) | 5,000,000 | 4,955,650 |
| IHO Verwaltungs GmbH (a)(b) | ||
| 6.375% (6.375% Cash or 7.13% PIK), due 5/15/29 | 2,775,000 | 2,792,865 |
| 7.75% (7.75% Cash or 8.50% PIK), due 11/15/30 | 13,750,000 | 14,251,407 |
| Phinia, Inc. | ||
| 6.75%, due 4/15/29 (a) | 6,000,000 | 6,099,372 |
| Tenneco, Inc. | ||
| 8.00%, due 11/17/28 (a) | 7,250,000 | 7,268,195 |
| ZF North America Capital, Inc. (a) | ||
| 6.875%, due 4/14/28 | 8,350,000 | 8,500,342 |
| 7.50%, due 3/24/31 | 6,710,000 | 6,756,793 |
| 56,901,450 | ||
| Building Materials 0.4% | ||
| Builders FirstSource, Inc. | ||
| 5.00%, due 3/1/30 (a) | 1,000,000 | 969,120 |
| EMRLD Borrower LP | ||
| 6.625%, due 12/15/30 (a) | 1,500,000 | 1,524,596 |
| JH North America Holdings, Inc. | ||
| 5.875%, due 1/31/31 (a) | 6,035,000 | 6,021,939 |
| Knife River Corp. | ||
| 7.75%, due 5/1/31 (a) | 750,000 | 773,642 |
| Standard Industries, Inc. | ||
| 4.75%, due 1/15/28 (a) | 3,350,000 | 3,329,588 |
| 12,618,885 | ||
| Chemicals 1.8% | ||
| ASP Unifrax Holdings, Inc. (a)(b)(c)(d) | ||
| 7.10% (5.85% Cash and 1.25% PIK), due 9/30/29 | 2,536,144 | 254 |
| 11.175% (6.425% Cash and 4.75% PIK), due 9/30/29 | 1,042,268 | 364,794 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Chemicals | ||
| Celanese US Holdings LLC (e) | ||
| 7.33%, due 7/15/29 | $ 3,500,000 | $ 3,638,422 |
| 7.35%, due 11/15/28 | 6,647,000 | 6,896,050 |
| 7.55%, due 11/15/30 | 1,635,000 | 1,721,114 |
| GPD Cos., Inc. | ||
| 12.50% (10.125% Cash and 2.375% PIK), due 12/31/29 (a)(b) | 6,244,555 | 3,992,111 |
| Innophos Holdings, Inc. | ||
| 11.50%, due 6/15/29 (a) | 2,356,800 | 2,215,392 |
| NOVA Chemicals Corp. (a) | ||
| 5.25%, due 6/1/27 | 6,125,000 | 6,128,442 |
| 7.00%, due 12/1/31 | 2,615,000 | 2,742,622 |
| 8.50%, due 11/15/28 | 6,250,000 | 6,443,762 |
| 9.00%, due 2/15/30 | 3,435,000 | 3,598,506 |
| SCIH Salt Holdings, Inc. | ||
| 4.875%, due 5/1/28 (a) | 4,400,000 | 4,399,780 |
| SK Invictus Intermediate II SARL | ||
| 5.00%, due 10/30/29 (a) | 11,600,000 | 11,327,414 |
| 53,468,663 | ||
| Coal 0.4% | ||
| Alliance Resource Operating Partners LP | ||
| 8.625%, due 6/15/29 (a) | 12,641,000 | 13,188,608 |
| Commercial Services 4.4% | ||
| Belron UK Finance plc | ||
| 5.75%, due 10/15/29 (a) | 10,300,000 | 10,296,744 |
| Block, Inc. | ||
| 5.625%, due 8/15/30 (a) | 8,910,000 | 8,864,417 |
| Clarivate Science Holdings Corp. (a) | ||
| 3.875%, due 7/1/28 | 8,000,000 | 7,729,193 |
| 4.875%, due 7/1/29 | 16,025,000 | 14,756,062 |
| DCLI Bidco LLC | ||
| 7.75%, due 11/15/29 (a) | 6,585,000 | 6,764,474 |
| Herc Holdings, Inc. (a) | ||
| 6.625%, due 6/15/29 | 2,910,000 | 2,962,176 |
| 7.00%, due 6/15/30 | 2,425,000 | 2,500,827 |
| Korn Ferry | ||
| 4.625%, due 12/15/27 (a) | 7,130,000 | 7,086,668 |
| NES Fircroft Bondco A/S | ||
| Series Reg S | ||
| 8.00%, due 9/30/29 (a) | 4,750,000 | 4,952,374 |
| Series Reg S | ||
| 10.00%, due 8/13/31 (f) | 2,125,000 | 2,154,123 |
| NESCO Holdings II, Inc. | ||
| 5.50%, due 4/15/29 (a) | 8,000,000 | 7,942,957 |
| OT Midco, Inc. | ||
| 10.00%, due 2/15/30 (a) | 5,530,000 | 2,073,750 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Commercial Services | ||
| Service Corp. International | ||
| 7.50%, due 4/1/27 | $ 3,150,000 | $ 3,196,809 |
| TriNet Group, Inc. | ||
| 3.50%, due 3/1/29 (a) | 7,000,000 | 6,607,082 |
| United Rentals North America, Inc. | ||
| 3.875%, due 11/15/27 | 875,000 | 864,891 |
| 3.875%, due 2/15/31 | 3,750,000 | 3,505,314 |
| 4.875%, due 1/15/28 | 10,150,000 | 10,109,904 |
| Williams Scotsman, Inc. (a) | ||
| 4.625%, due 8/15/28 | 11,750,000 | 11,606,491 |
| 6.625%, due 6/15/29 | 6,000,000 | 6,101,370 |
| 6.625%, due 4/15/30 | 10,800,000 | 11,042,914 |
| 131,118,540 | ||
| Computers 0.3% | ||
| Crowdstrike Holdings, Inc. | ||
| 3.00%, due 2/15/29 | 2,250,000 | 2,137,582 |
| Diebold Nixdorf, Inc. | ||
| 7.75%, due 3/31/30 (a) | 3,000,000 | 3,114,354 |
| Gartner, Inc. | ||
| 4.50%, due 7/1/28 (a) | 2,500,000 | 2,458,169 |
| 7,710,105 | ||
| Cosmetics & Personal Care 0.6% | ||
| Edgewell Personal Care Co. | ||
| 5.50%, due 6/1/28 (a) | 14,750,000 | 14,708,063 |
| Perrigo Finance Unlimited Co. | ||
| 5.15%, due 6/15/30 (e) | 3,250,000 | 3,072,885 |
| 17,780,948 | ||
| Distribution & Wholesale 0.8% | ||
| Gates Corp. | ||
| 6.875%, due 7/1/29 (a) | 5,510,000 | 5,620,883 |
| RB Global Holdings, Inc. (a) | ||
| 6.75%, due 3/15/28 | 3,350,000 | 3,379,885 |
| 7.75%, due 3/15/31 | 9,750,000 | 10,061,526 |
| Velocity Vehicle Group LLC | ||
| 8.00%, due 6/1/29 (a) | 5,000,000 | 4,955,287 |
| 24,017,581 | ||
| Diversified Financial Services 2.9% | ||
| Aretec Group, Inc. | ||
| 10.00%, due 8/15/30 (a) | 10,500,000 | 11,076,125 |
| Cantor Fitzgerald LP | ||
| 7.20%, due 12/12/28 (a) | 2,000,000 | 2,070,040 |
| Enact Holdings, Inc. | ||
| 6.25%, due 5/28/29 | 5,000,000 | 5,128,795 |
| Jane Street Group (a) | ||
| 4.50%, due 11/15/29 | 5,212,000 | 5,056,817 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Diversified Financial Services | ||
| Jane Street Group (a) | ||
| 7.125%, due 4/30/31 | $ 3,230,000 | $ 3,333,434 |
| LPL Holdings, Inc. | ||
| 4.625%, due 11/15/27 (a) | 1,350,000 | 1,341,978 |
| PennyMac Financial Services, Inc. | ||
| 4.25%, due 2/15/29 (a) | 9,500,000 | 9,003,021 |
| Planet Financial Group LLC | ||
| 10.50%, due 12/15/29 (a) | 3,500,000 | 3,415,004 |
| Provident Funding Associates LP | ||
| 9.75%, due 9/15/29 (a) | 5,815,000 | 6,004,086 |
| Radian Group, Inc. | ||
| 4.875%, due 3/15/27 | 1,000,000 | 998,571 |
| Rocket Cos., Inc. (a) | ||
| 6.125%, due 8/1/30 | 13,475,000 | 13,584,242 |
| 6.125%, due 8/1/31 | 4,585,000 | 4,605,894 |
| 7.125%, due 2/1/32 | 3,000,000 | 3,074,838 |
| StoneX Group, Inc. | ||
| 7.875%, due 3/1/31 (a) | 15,085,000 | 15,711,239 |
| 84,404,084 | ||
| Electric 3.6% | ||
| Clearway Energy Operating LLC | ||
| 4.75%, due 3/15/28 (a) | 10,500,000 | 10,362,581 |
| EUSHI Finance, Inc. | ||
| 6.25% (5 Year Treasury Constant Maturity Rate + 2.509%), due 4/1/56 (g) | 4,750,000 | 4,688,794 |
| NRG Energy, Inc. | ||
| 5.75%, due 1/15/28 | 2,000,000 | 2,000,888 |
| PacifiCorp (g) | ||
| 7.125% (5 Year Treasury Constant Maturity Rate + 3.292%), due 8/15/56 | 8,950,000 | 8,811,645 |
| 7.375% (5 Year Treasury Constant Maturity Rate + 3.319%), due 9/15/55 | 2,500,000 | 2,486,469 |
| PG&E Corp. | ||
| 5.00%, due 7/1/28 | 10,000,000 | 9,905,614 |
| 6.85% (5 Year Treasury Constant Maturity Rate + 3.225%), due 9/15/56 (g) | 4,000,000 | 3,958,267 |
| 7.375% (5 Year Treasury Constant Maturity Rate + 3.883%), due 3/15/55 (g) | 3,500,000 | 3,553,967 |
| Talen Energy Supply LLC | ||
| 6.125%, due 5/1/31 (a) | 17,500,000 | 17,395,756 |
| Vistra Corp. | ||
| 8.00% (5 Year Treasury Constant Maturity Rate + 6.93%), due 10/15/26 (a)(g)(h) | 12,250,000 | 12,306,178 |
| Vistra Operations Co. LLC | ||
| 7.75%, due 10/15/31 (a) | 2,500,000 | 2,606,290 |
| VoltaGrid LLC | ||
| 7.375%, due 11/1/30 (a) | 9,360,000 | 9,406,525 |
| XPLR Infrastructure Operating Partners LP (a) | ||
| 4.50%, due 9/15/27 | 6,000,000 | 5,930,987 |
| 7.25%, due 1/15/29 | 7,000,000 | 7,219,013 |
| 8.375%, due 1/15/31 | 4,420,000 | 4,697,695 |
| 105,330,669 | ||
| Principal Amount | Value | |
| Corporate Bonds | ||
| Electrical Components & Equipment 0.7% | ||
| EnerSys | ||
| 4.375%, due 12/15/27 (a) | $ 6,385,000 | $ 6,308,275 |
| WESCO Distribution, Inc. (a) | ||
| 5.25%, due 4/15/31 | 8,345,000 | 8,206,003 |
| 6.375%, due 3/15/29 | 7,000,000 | 7,098,756 |
| 21,613,034 | ||
| Electronics 0.2% | ||
| Sensata Technologies BV (a) | ||
| 4.00%, due 4/15/29 | 1,096,000 | 1,054,691 |
| 5.875%, due 9/1/30 | 4,000,000 | 4,003,284 |
| Sensata Technologies, Inc. | ||
| 3.75%, due 2/15/31 (a) | 1,200,000 | 1,116,685 |
| 6,174,660 | ||
| Engineering & Construction 0.2% | ||
| Weekley Homes LLC | ||
| 4.875%, due 9/15/28 (a) | 7,035,000 | 6,913,693 |
| Entertainment 4.7% | ||
| Affinity Interactive | ||
| 6.875%, due 12/15/27 (a) | 1,350,000 | 661,500 |
| Caesars Entertainment, Inc. (a) | ||
| 4.625%, due 10/15/29 | 7,500,000 | 7,126,771 |
| 7.00%, due 2/15/30 | 2,250,000 | 2,257,443 |
| Churchill Downs, Inc. (a) | ||
| 4.75%, due 1/15/28 | 10,995,000 | 10,887,342 |
| 5.50%, due 4/1/27 | 29,510,000 | 29,526,053 |
| 5.75%, due 4/1/30 | 9,500,000 | 9,471,898 |
| Flutter Treasury DAC | ||
| 5.875%, due 6/4/31 (a) | 6,000,000 | 5,910,758 |
| Jacobs Entertainment, Inc. (a) | ||
| 6.75%, due 2/15/29 | 7,675,000 | 7,531,094 |
| 6.75%, due 2/15/29 | 1,485,000 | 1,455,300 |
| Light & Wonder International, Inc. (a) | ||
| 7.25%, due 11/15/29 | 3,550,000 | 3,608,103 |
| 7.50%, due 9/1/31 | 4,000,000 | 4,120,244 |
| Live Nation Entertainment, Inc. (a) | ||
| 3.75%, due 1/15/28 | 3,250,000 | 3,182,010 |
| 4.75%, due 10/15/27 | 15,025,000 | 14,947,668 |
| 6.50%, due 5/15/27 | 15,150,000 | 15,157,136 |
| Merlin Entertainments Group US Holdings, Inc. | ||
| 7.375%, due 2/15/31 (a) | 4,300,000 | 3,368,012 |
| Motion Bondco DAC | ||
| 6.625%, due 11/15/27 (a) | 1,250,000 | 1,186,561 |
| Rivers Enterprise Borrower LLC | ||
| 6.25%, due 10/15/30 (a) | 13,325,000 | 13,384,056 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Entertainment | ||
| Vail Resorts, Inc. | ||
| 5.625%, due 7/15/30 (a) | $ 5,960,000 | $ 5,933,955 |
| 139,715,904 | ||
| Environmental Control 0.1% | ||
| Clean Harbors, Inc. | ||
| 6.375%, due 2/1/31 (a) | 2,500,000 | 2,525,646 |
| Food 2.3% | ||
| Albertsons Cos., Inc. | ||
| 5.50%, due 3/31/31 (a) | 6,000,000 | 5,765,230 |
| Chobani LLC (a) | ||
| 4.625%, due 11/15/28 | 6,150,000 | 6,077,394 |
| 7.625%, due 7/1/29 | 1,500,000 | 1,546,831 |
| Land O'Lakes Capital Trust I | ||
| 7.45%, due 3/15/28 (a) | 5,520,000 | 5,630,400 |
| Performance Food Group, Inc. | ||
| 4.25%, due 8/1/29 (a) | 14,000,000 | 13,534,931 |
| Post Holdings, Inc. | ||
| 4.625%, due 4/15/30 (a) | 7,250,000 | 6,983,597 |
| Simmons Foods, Inc. | ||
| 4.625%, due 3/1/29 (a) | 17,000,000 | 16,432,529 |
| United Natural Foods, Inc. | ||
| 6.75%, due 10/15/28 (a) | 3,500,000 | 3,500,000 |
| US Foods, Inc. (a) | ||
| 4.625%, due 6/1/30 | 2,000,000 | 1,943,250 |
| 4.75%, due 2/15/29 | 1,000,000 | 985,341 |
| 6.875%, due 9/15/28 | 1,000,000 | 1,020,063 |
| Viking Baked Goods Acquisition Corp. (a) | ||
| 8.625%, due 11/1/31 | 1,575,000 | 1,580,824 |
| Series JUL | ||
| 8.625%, due 11/1/31 | 2,000,000 | 2,007,396 |
| 67,007,786 | ||
| Food Service 0.3% | ||
| Aramark Services, Inc. | ||
| 5.00%, due 2/1/28 (a) | 9,000,000 | 8,970,691 |
| Forest Products & Paper 0.3% | ||
| Mercer International, Inc. | ||
| 5.125%, due 2/1/29 | 6,495,000 | 3,864,525 |
| 12.875%, due 10/1/28 (a) | 9,305,000 | 5,164,275 |
| 9,028,800 | ||
| Healthcare-Products 0.5% | ||
| Bausch + Lomb Corp. | ||
| 8.375%, due 10/1/28 (a) | 6,720,000 | 6,888,000 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Healthcare-Products | ||
| Neogen Food Safety Corp. | ||
| 8.625%, due 7/20/30 (a) | $ 1,800,000 | $ 1,884,074 |
| Teleflex, Inc. | ||
| 4.25%, due 6/1/28 (a) | 7,500,000 | 7,346,367 |
| 16,118,441 | ||
| Healthcare-Services 2.2% | ||
| Acadia Healthcare Co., Inc. | ||
| 5.50%, due 7/1/28 (a) | 5,085,000 | 5,052,221 |
| Centene Corp. | ||
| 3.375%, due 2/15/30 | 2,600,000 | 2,404,711 |
| 4.625%, due 12/15/29 | 19,980,000 | 19,383,341 |
| DaVita, Inc. | ||
| 4.625%, due 6/1/30 (a) | 7,500,000 | 7,229,500 |
| Encompass Health Corp. | ||
| 4.50%, due 2/1/28 | 3,500,000 | 3,462,719 |
| HealthEquity, Inc. | ||
| 4.50%, due 10/1/29 (a) | 4,250,000 | 4,119,381 |
| IQVIA, Inc. | ||
| 5.00%, due 10/15/26 (a) | 6,265,000 | 6,261,739 |
| 5.70%, due 5/15/28 | 3,000,000 | 3,031,305 |
| 6.50%, due 5/15/30 (a) | 1,390,000 | 1,416,291 |
| LifePoint Health, Inc. | ||
| 9.875%, due 8/15/30 (a) | 8,000,000 | 8,398,336 |
| Molina Healthcare, Inc. | ||
| 6.50%, due 2/15/31 (a) | 4,000,000 | 4,036,780 |
| 64,796,324 | ||
| Holding Companies-Diversified 0.5% | ||
| Stena International SA (a) | ||
| 7.25%, due 1/15/31 | 9,975,000 | 10,152,824 |
| 7.625%, due 2/15/31 | 5,000,000 | 5,153,930 |
| 15,306,754 | ||
| Home Builders 1.0% | ||
| Century Communities, Inc. | ||
| 3.875%, due 8/15/29 (a) | 1,840,000 | 1,744,905 |
| KB Home | ||
| 4.80%, due 11/15/29 | 1,775,000 | 1,720,772 |
| LGI Homes, Inc. | ||
| 8.75%, due 12/15/28 (a) | 2,500,000 | 2,566,710 |
| M/I Homes, Inc. | ||
| 4.95%, due 2/1/28 | 4,115,000 | 4,077,865 |
| Mattamy Group Corp. | ||
| 4.625%, due 3/1/30 (a) | 3,617,000 | 3,466,403 |
| Shea Homes LP | ||
| 4.75%, due 2/15/28 | 3,600,000 | 3,551,101 |
| 4.75%, due 4/1/29 | 1,750,000 | 1,699,804 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Home Builders | ||
| STL Holding Co. LLC | ||
| 8.75%, due 2/15/29 (a) | $ 4,085,000 | $ 4,237,469 |
| Thor Industries, Inc. | ||
| 4.00%, due 10/15/29 (a) | 2,750,000 | 2,592,039 |
| Winnebago Industries, Inc. | ||
| 6.25%, due 7/15/28 (a) | 3,380,000 | 3,375,775 |
| 29,032,843 | ||
| Home Furnishings 0.0% ‡ | ||
| Whirlpool Corp. | ||
| 7.50%, due 7/1/31 (a) | 825,000 | 819,849 |
| Housewares 1.1% | ||
| Central Garden & Pet Co. | ||
| 5.125%, due 2/1/28 | 9,555,000 | 9,545,468 |
| Newell Brands, Inc. | ||
| 6.375%, due 9/15/27 | 5,250,000 | 5,265,934 |
| 6.375%, due 5/15/30 | 5,645,000 | 5,706,986 |
| 6.625%, due 9/15/29 | 1,000,000 | 1,012,028 |
| 8.50%, due 6/1/28 (a) | 7,000,000 | 7,306,144 |
| Scotts Miracle-Gro Co. (The) | ||
| 4.50%, due 10/15/29 | 1,225,000 | 1,201,018 |
| 5.25%, due 12/15/26 | 3,250,000 | 3,241,875 |
| 33,279,453 | ||
| Insurance 0.5% | ||
| HUB International Ltd. | ||
| 7.25%, due 6/15/30 (a) | 4,500,000 | 4,633,510 |
| MGIC Investment Corp. | ||
| 5.25%, due 8/15/28 | 3,516,000 | 3,510,465 |
| NMI Holdings, Inc. | ||
| 6.00%, due 8/15/29 | 5,500,000 | 5,579,805 |
| Ryan Specialty LLC | ||
| 4.375%, due 2/1/30 (a) | 730,000 | 704,846 |
| 14,428,626 | ||
| Internet 1.4% | ||
| Arches Buyer, Inc. | ||
| 4.25%, due 6/1/28 (a) | 4,065,000 | 3,937,838 |
| Cogent Communications Group LLC (a) | ||
| 7.00%, due 6/15/27 | 515,000 | 507,697 |
| 7.00%, due 6/15/27 | 1,350,000 | 1,332,675 |
| Gen Digital, Inc. | ||
| 6.75%, due 9/30/27 (a) | 6,500,000 | 6,510,003 |
| Go Daddy Operating Co. LLC (a) | ||
| 3.50%, due 3/1/29 | 4,000,000 | 3,742,572 |
| 5.25%, due 12/1/27 | 16,100,000 | 16,073,124 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Internet | ||
| Match Group Holdings II LLC | ||
| 5.00%, due 12/15/27 (a) | $ 3,000,000 | $ 2,991,167 |
| Photo Holdings LLC | ||
| 12.00%, due 7/1/31 (a) | 7,480,000 | 7,705,928 |
| 42,801,004 | ||
| Investment Companies 0.6% | ||
| Apollo Debt Solutions BDC | ||
| 5.875%, due 8/30/30 | 3,000,000 | 2,948,343 |
| Ares Capital Corp. | ||
| 5.50%, due 9/1/30 | 6,125,000 | 6,013,442 |
| FS KKR Capital Corp. | ||
| 3.25%, due 7/15/27 | 1,000,000 | 970,766 |
| 7.50%, due 8/1/31 | 4,390,000 | 4,397,443 |
| 7.875%, due 1/15/29 | 2,650,000 | 2,725,550 |
| 17,055,544 | ||
| Iron & Steel 1.0% | ||
| Mineral Resources Ltd. (a) | ||
| 7.00%, due 4/1/31 | 15,150,000 | 15,590,379 |
| 8.50%, due 5/1/30 | 1,000,000 | 1,031,143 |
| 9.25%, due 10/1/28 | 11,465,000 | 11,792,237 |
| 28,413,759 | ||
| Leisure Time 0.4% | ||
| Boyne USA, Inc. | ||
| 4.75%, due 5/15/29 (a) | 7,125,000 | 6,924,050 |
| Carnival Corp. Ltd. | ||
| 4.00%, due 8/1/28 (a) | 3,000,000 | 2,938,640 |
| Patrick Industries, Inc. | ||
| 4.75%, due 5/1/29 (a) | 1,500,000 | 1,463,279 |
| 11,325,969 | ||
| Lodging 1.9% | ||
| Boyd Gaming Corp. | ||
| 4.75%, due 12/1/27 | 18,270,000 | 18,172,685 |
| Hilton Domestic Operating Co., Inc. | ||
| 4.00%, due 5/1/31 (a) | 4,500,000 | 4,222,815 |
| 4.875%, due 1/15/30 | 5,000,000 | 4,929,153 |
| 5.50%, due 9/15/31 (a) | 6,050,000 | 5,994,327 |
| 5.875%, due 4/1/29 (a) | 10,750,000 | 10,831,582 |
| Hilton Worldwide Finance LLC | ||
| 4.875%, due 4/1/27 | 3,035,000 | 3,034,007 |
| Station Casinos LLC | ||
| 4.50%, due 2/15/28 (a) | 3,000,000 | 2,949,918 |
| Travel + Leisure Co. | ||
| 6.25%, due 6/1/31 (a) | 4,755,000 | 4,762,313 |
| 54,896,800 | ||
| Principal Amount | Value | |
| Corporate Bonds | ||
| Machinery—Construction & Mining 0.6% | ||
| Solaris Energy Infrastructure LLC | ||
| 6.375%, due 5/15/31 (a) | $ 2,320,000 | $ 2,278,985 |
| Terex Corp. | ||
| 5.00%, due 5/15/29 (a) | 4,500,000 | 4,436,958 |
| Vertiv Group Corp. | ||
| 4.125%, due 11/15/28 (a) | 10,500,000 | 10,377,388 |
| 17,093,331 | ||
| Machinery-Diversified 0.3% | ||
| Briggs & Stratton Corp. Escrow Claim Shares | ||
| 6.875%, due 12/15/20 (d)(i)(j) | 3,425,000 | — |
| Esab Corp. | ||
| 5.625%, due 4/1/31 (a) | 2,590,000 | 2,558,686 |
| Maxim Crane Works Holdings Capital LLC | ||
| 11.50%, due 9/1/28 (a) | 2,500,000 | 2,593,955 |
| TK Elevator U.S. Newco, Inc. | ||
| 5.25%, due 7/15/27 (a) | 4,695,000 | 4,694,409 |
| 9,847,050 | ||
| Media 5.5% | ||
| Block Communications, Inc. | ||
| 10.25%, due 3/1/31 (a) | 3,000,000 | 2,606,614 |
| Cable One, Inc. | ||
| 4.00%, due 11/15/30 (a) | 4,495,000 | 1,671,218 |
| CCO Holdings LLC (a) | ||
| 4.25%, due 2/1/31 | 4,500,000 | 3,983,082 |
| 4.75%, due 3/1/30 | 6,000,000 | 5,605,954 |
| 5.00%, due 2/1/28 | 19,795,000 | 19,542,412 |
| 5.125%, due 5/1/27 | 462,000 | 461,042 |
| 5.375%, due 6/1/29 | 7,000,000 | 6,798,152 |
| 6.375%, due 9/1/29 | 1,500,000 | 1,490,514 |
| Directv Financing LLC (a) | ||
| 5.875%, due 8/15/27 | 1,151,000 | 1,148,282 |
| 8.875%, due 2/1/30 | 5,515,000 | 5,614,981 |
| Discovery Communications LLC | ||
| 3.625%, due 5/15/30 | 9,255,000 | 8,560,875 |
| 4.125%, due 5/15/29 | 8,850,000 | 8,695,125 |
| EchoStar Corp. | ||
| 6.75% (6.75% PIK), due 11/30/30 (b) | 5,000,000 | 5,071,000 |
| 10.75%, due 11/30/29 | 18,030,000 | 19,503,098 |
| Gray Media, Inc. | ||
| 10.50%, due 7/15/29 (a) | 6,598,000 | 6,957,987 |
| LCPR Senior Secured Financing DAC | ||
| 6.75%, due 10/15/27 (a) | 8,400,000 | 4,737,768 |
| Nexstar Media, Inc. | ||
| 4.75%, due 11/1/28 (a) | 1,500,000 | 1,470,838 |
| Paramount Global | ||
| 4.20%, due 6/1/29 | 1,000,000 | 949,586 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Media | ||
| Paramount Global | ||
| 4.95%, due 1/15/31 | $ 7,325,000 | $ 6,712,644 |
| 7.875%, due 7/30/30 | 2,000,000 | 2,085,131 |
| Sirius XM Radio LLC (a) | ||
| 4.00%, due 7/15/28 | 7,390,000 | 7,188,153 |
| 5.00%, due 8/1/27 | 3,126,000 | 3,121,472 |
| 5.50%, due 7/1/29 | 1,000,000 | 995,441 |
| Univision Communications, Inc. (a) | ||
| 4.50%, due 5/1/29 | 4,000,000 | 3,787,803 |
| 7.375%, due 6/30/30 | 6,500,000 | 6,471,792 |
| Versant Media Group, Inc. | ||
| 7.25%, due 1/30/31 (a) | 10,180,000 | 10,493,941 |
| Virgin Media Secured Finance plc | ||
| 5.50%, due 5/15/29 (a) | 9,000,000 | 8,079,854 |
| Ziggo BV | ||
| 4.875%, due 1/15/30 (a) | 9,000,000 | 8,104,867 |
| 161,909,626 | ||
| Metal Fabricate & Hardware 0.1% | ||
| Park-Ohio Industries, Inc. | ||
| 8.50%, due 8/1/30 (a) | 2,000,000 | 2,089,770 |
| Mining 1.7% | ||
| Alcoa Nederland Holding BV | ||
| 7.125%, due 3/15/31 (a) | 1,500,000 | 1,543,317 |
| Alumina Pty. Ltd. | ||
| 6.125%, due 3/15/30 (a) | 6,200,000 | 6,251,584 |
| Arcosa, Inc. | ||
| 4.375%, due 4/15/29 (a) | 5,050,000 | 4,934,432 |
| Century Aluminum Co. | ||
| 6.875%, due 8/1/32 (a) | 1,500,000 | 1,523,253 |
| Compass Minerals International, Inc. | ||
| 8.00%, due 7/1/30 (a) | 4,045,000 | 4,225,439 |
| Eldorado Gold Corp. | ||
| 6.25%, due 9/1/29 (a) | 8,675,000 | 8,665,480 |
| IAMGOLD Corp. | ||
| 5.75%, due 10/15/28 (a) | 14,894,000 | 14,858,424 |
| PLS Group Ltd. | ||
| 6.875%, due 5/1/31 (a) | 7,990,000 | 8,098,475 |
| 50,100,404 | ||
| Miscellaneous—Manufacturing 1.2% | ||
| Amsted Industries, Inc. | ||
| 4.625%, due 5/15/30 (a) | 2,000,000 | 1,934,336 |
| Axon Enterprise, Inc. | ||
| 6.125%, due 3/15/30 (a) | 10,000,000 | 10,116,120 |
| Calderys Financing II LLC | ||
| 11.75% (11.75% Cash or 12.50% PIK), due 6/1/28 (a)(b) | 6,348,437 | 6,470,448 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Miscellaneous—Manufacturing | ||
| Calderys Financing LLC | ||
| 11.25%, due 6/1/28 (a) | $ 5,750,000 | $ 5,954,165 |
| LSB Industries, Inc. | ||
| 6.25%, due 10/15/28 (a) | 4,500,000 | 4,490,278 |
| Trinity Industries, Inc. | ||
| 7.75%, due 7/15/28 (a) | 7,500,000 | 7,654,208 |
| 36,619,555 | ||
| Oil & Gas 4.4% | ||
| Ascent Resources Utica Holdings LLC | ||
| 9.00%, due 11/1/27 (a) | 1,556,000 | 1,649,748 |
| Caturus Energy LLC | ||
| 7.125%, due 5/15/31 (a) | 4,485,000 | 4,446,059 |
| Chord Energy Corp. | ||
| 6.00%, due 10/1/30 (a) | 9,750,000 | 9,782,662 |
| Comstock Resources, Inc. (a) | ||
| 6.75%, due 3/1/29 | 7,905,000 | 7,785,150 |
| 6.75%, due 3/1/29 | 3,750,000 | 3,683,991 |
| Eldorado Drilling Bondco Ltd. | ||
| Series Reg S | ||
| 9.125%, due 6/24/30 (a) | 2,460,000 | 2,450,075 |
| Gulfport Energy Operating Corp. | ||
| 6.75%, due 9/1/29 (a) | 4,005,000 | 4,054,141 |
| Hilcorp Energy I LP (a) | ||
| 5.75%, due 2/1/29 | 3,500,000 | 3,493,154 |
| 6.25%, due 11/1/28 | 5,000,000 | 5,014,795 |
| Moss Creek Resources Holdings, Inc. | ||
| 8.25%, due 9/1/31 (a) | 1,625,000 | 1,628,768 |
| Noble Finance II LLC | ||
| 8.00%, due 4/15/30 (a) | 8,990,000 | 9,293,738 |
| PBF Holding Co. LLC (a) | ||
| 7.875%, due 9/15/30 | 1,000,000 | 1,037,820 |
| 9.875%, due 3/15/30 | 4,575,000 | 4,901,559 |
| Range Resources Corp. | ||
| 4.75%, due 2/15/30 (a) | 7,272,000 | 7,079,409 |
| SM Energy Co. | ||
| 6.625%, due 1/15/27 | 1,950,000 | 1,953,528 |
| 6.75%, due 8/1/29 (a) | 5,000,000 | 5,072,545 |
| Sunoco LP | ||
| 4.50%, due 5/15/29 | 1,250,000 | 1,216,922 |
| 4.50%, due 10/1/29 (a) | 1,000,000 | 968,560 |
| 4.625%, due 5/1/30 (a) | 2,000,000 | 1,925,742 |
| 5.375%, due 7/15/31 (a) | 4,675,000 | 4,585,727 |
| 5.875%, due 7/15/27 (a) | 19,540,000 | 19,544,530 |
| Talos Production, Inc. | ||
| 9.375%, due 2/1/31 (a) | 5,000,000 | 5,271,600 |
| TGNR Intermediate Holdings LLC | ||
| 5.50%, due 10/15/29 (a) | 9,790,000 | 9,578,487 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Oil & Gas | ||
| Transocean Aquila Ltd. | ||
| 8.00%, due 9/30/28 (a) | $ 4,553,846 | $ 4,650,342 |
| Transocean International Ltd. | ||
| 8.25%, due 5/15/29 (a) | 3,750,000 | 3,866,854 |
| Wildfire Intermediate Holdings LLC | ||
| 7.50%, due 10/15/29 (a) | 4,750,000 | 4,893,440 |
| 129,829,346 | ||
| Oil & Gas Services 0.9% | ||
| Kodiak Gas Services LLC | ||
| 5.875%, due 4/1/31 (a) | 7,450,000 | 7,366,274 |
| SESI LLC | ||
| 7.875%, due 9/30/30 (a) | 10,900,000 | 11,028,901 |
| Tidewater, Inc. | ||
| 9.125%, due 7/15/30 (a) | 8,500,000 | 9,084,198 |
| 27,479,373 | ||
| Packaging & Containers 0.2% | ||
| Canpack Group, Inc. | ||
| 6.00%, due 5/15/31 (a) | 3,300,000 | 3,281,942 |
| TriMas Corp. | ||
| 4.125%, due 4/15/29 (a) | 2,500,000 | 2,388,332 |
| Trivium Packaging Finance BV | ||
| 8.25%, due 7/15/30 (a) | 733,000 | 774,845 |
| 6,445,119 | ||
| Pharmaceuticals 2.4% | ||
| BellRing Brands, Inc. | ||
| 7.00%, due 3/15/30 (a) | 8,200,000 | 8,105,699 |
| Jazz Securities DAC | ||
| 4.375%, due 1/15/29 (a) | 22,180,000 | 21,713,637 |
| Organon & Co. (a) | ||
| 4.125%, due 4/30/28 | 26,210,000 | 25,793,638 |
| 5.125%, due 4/30/31 | 14,502,000 | 14,353,481 |
| 69,966,455 | ||
| Pipelines 5.5% | ||
| Antero Midstream Partners LP (a) | ||
| 5.375%, due 6/15/29 | 4,110,000 | 4,097,158 |
| 5.75%, due 1/15/28 | 7,035,000 | 7,029,604 |
| Buckeye Partners LP (a) | ||
| 6.75%, due 2/1/30 | 5,500,000 | 5,634,805 |
| 6.875%, due 7/1/29 | 10,050,000 | 10,278,416 |
| DT Midstream, Inc. | ||
| 4.125%, due 6/15/29 (a) | 2,500,000 | 2,438,090 |
| Energy Transfer LP | ||
| 6.50% (5 Year Treasury Constant Maturity Rate + 2.676%), due 2/15/56 (g) | 6,660,000 | 6,660,739 |
| Excelerate Energy LP | ||
| 8.00%, due 5/15/30 (a) | 15,815,000 | 16,569,107 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Pipelines | ||
| Global Partners LP | ||
| 6.875%, due 1/15/29 | $ 2,250,000 | $ 2,261,529 |
| Hess Midstream Operations LP (a) | ||
| 5.50%, due 10/15/30 | 5,105,000 | 5,086,859 |
| 5.875%, due 3/1/28 | 4,000,000 | 4,020,312 |
| 6.50%, due 6/1/29 | 7,500,000 | 7,627,245 |
| ITT Holdings LLC | ||
| 6.50%, due 8/1/29 (a) | 7,500,000 | 7,415,725 |
| Plains All American Pipeline LP | ||
| Series B | ||
| 8.023% (3 Month SOFR + 4.372%), due 11/15/2174 (g)(h) | 18,663,000 | 18,653,861 |
| Rockies Express Pipeline LLC | ||
| 4.95%, due 7/15/29 (a) | 5,575,000 | 5,499,018 |
| Tallgrass Energy Partners LP (a) | ||
| 5.50%, due 1/15/28 | 4,500,000 | 4,494,683 |
| 6.00%, due 12/31/30 | 7,000,000 | 6,949,995 |
| 7.375%, due 2/15/29 | 12,400,000 | 12,681,889 |
| Venture Global LNG, Inc. (a) | ||
| 7.00%, due 1/15/30 | 12,611,000 | 12,811,591 |
| 8.375%, due 6/1/31 | 9,385,000 | 9,702,195 |
| 9.50%, due 2/1/29 | 7,000,000 | 7,492,940 |
| Venture Global Plaquemines LNG LLC | ||
| 6.125%, due 12/15/30 (a) | 5,280,000 | 5,363,649 |
| 162,769,410 | ||
| Real Estate 0.1% | ||
| Howard Hughes Corp. (The) | ||
| 4.125%, due 2/1/29 (a) | 2,430,000 | 2,342,289 |
| Real Estate Investment Trusts 2.1% | ||
| Blackstone Mortgage Trust, Inc. (a) | ||
| 6.25%, due 6/1/31 | 5,840,000 | 5,583,719 |
| 7.75%, due 12/1/29 | 6,000,000 | 6,200,484 |
| Diversified Healthcare Trust | ||
| 7.25%, due 10/15/30 (a) | 3,250,000 | 3,330,860 |
| Iron Mountain, Inc. (a) | ||
| 4.875%, due 9/15/27 | 6,750,000 | 6,727,894 |
| 5.00%, due 7/15/28 | 2,000,000 | 1,980,634 |
| 5.25%, due 3/15/28 | 4,775,000 | 4,757,741 |
| Millrose Properties, Inc. | ||
| 6.375%, due 8/1/30 (a) | 9,695,000 | 9,766,675 |
| RHP Hotel Properties LP (a) | ||
| 4.50%, due 2/15/29 | 2,500,000 | 2,442,236 |
| 7.25%, due 7/15/28 | 3,220,000 | 3,279,393 |
| SBA Communications Corp. | ||
| 3.875%, due 2/15/27 | 2,000,000 | 1,986,796 |
| Starwood Property Trust, Inc. (a) | ||
| 5.25%, due 10/15/28 | 8,000,000 | 7,928,714 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Real Estate Investment Trusts | ||
| Starwood Property Trust, Inc. (a) | ||
| 5.75%, due 1/15/31 | $ 5,475,000 | $ 5,391,948 |
| Vornado Realty LP | ||
| 3.40%, due 6/1/31 | 2,500,000 | 2,274,506 |
| 61,651,600 | ||
| Retail 4.9% | ||
| 1011778 B.C. Unlimited Liability Co. (a) | ||
| 3.875%, due 1/15/28 | 16,900,000 | 16,558,914 |
| 4.00%, due 10/15/30 | 16,810,000 | 15,794,698 |
| 5.625%, due 9/15/29 | 3,585,000 | 3,575,987 |
| 6.125%, due 6/15/29 | 7,500,000 | 7,578,190 |
| Academy Ltd. | ||
| 5.875%, due 5/15/31 (a) | 3,000,000 | 2,967,631 |
| Asbury Automotive Group, Inc. | ||
| 4.50%, due 3/1/28 | 14,605,000 | 14,444,528 |
| 4.75%, due 3/1/30 | 6,000,000 | 5,819,581 |
| Group 1 Automotive, Inc. | ||
| 4.00%, due 8/15/28 (a) | 8,514,000 | 8,216,611 |
| Ken Garff Automotive LLC | ||
| 4.875%, due 9/15/28 (a) | 19,985,000 | 19,769,560 |
| KFC Holding Co. | ||
| 4.75%, due 6/1/27 (a) | 9,157,000 | 9,120,838 |
| LCM Investments Holdings II LLC | ||
| 4.875%, due 5/1/29 (a) | 10,500,000 | 10,242,201 |
| Lithia Motors, Inc. | ||
| 5.50%, due 10/1/30 (a) | 7,555,000 | 7,446,814 |
| Murphy Oil USA, Inc. | ||
| 4.75%, due 9/15/29 | 500,000 | 491,112 |
| Papa John's International, Inc. | ||
| 3.875%, due 9/15/29 (a) | 6,325,000 | 5,914,125 |
| Penske Automotive Group, Inc. | ||
| 3.75%, due 6/15/29 | 750,000 | 716,162 |
| Petco Health & Wellness Co., Inc. | ||
| 8.25%, due 2/1/31 (a) | 2,500,000 | 2,507,987 |
| QXO Building Products, Inc. (a) | ||
| 6.50%, due 7/15/31 | 5,750,000 | 5,773,314 |
| 6.75%, due 4/30/32 | 2,500,000 | 2,553,151 |
| Sonic Automotive, Inc. | ||
| 4.625%, due 11/15/29 (a) | 650,000 | 633,109 |
| Yum! Brands, Inc. | ||
| 3.625%, due 3/15/31 | 3,500,000 | 3,229,861 |
| 143,354,374 | ||
| Semiconductors 0.2% | ||
| Entegris, Inc. | ||
| 4.75%, due 4/15/29 (a) | 5,000,000 | 4,916,576 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Software 2.8% | ||
| Cloud Software Group LLC (a) | ||
| 6.50%, due 3/31/29 | $ 28,235,000 | $ 27,590,201 |
| 9.00%, due 9/30/29 | 2,000,000 | 1,959,503 |
| Open Text Corp. (a) | ||
| 3.875%, due 2/15/28 | 8,000,000 | 7,799,334 |
| 3.875%, due 12/1/29 | 3,000,000 | 2,759,238 |
| 6.90%, due 12/1/27 | 2,850,000 | 2,907,120 |
| Open Text Holdings, Inc. | ||
| 4.125%, due 2/15/30 (a) | 3,250,000 | 2,998,258 |
| PTC, Inc. | ||
| 4.00%, due 2/15/28 (a) | 4,600,000 | 4,498,017 |
| SS&C Technologies, Inc. | ||
| 5.50%, due 9/30/27 (a) | 20,550,000 | 20,521,721 |
| UKG, Inc. | ||
| 6.875%, due 2/1/31 (a) | 11,326,000 | 11,096,796 |
| 82,130,188 | ||
| Telecommunications 6.3% | ||
| APLD ComputeCo 2 LLC | ||
| 6.75%, due 3/15/31 (a) | 14,695,000 | 14,364,488 |
| APLD ComputeCo 3 LLC | ||
| 7.00%, due 6/15/31 (a) | 1,500,000 | 1,462,913 |
| APLD ComputeCo LLC | ||
| 9.25%, due 12/15/30 (a) | 13,070,000 | 13,890,221 |
| Bell Canada | ||
| 6.875% (5 Year Treasury Constant Maturity Rate + 2.39%), due 9/15/55 (g) | 6,000,000 | 6,049,968 |
| Black Pearl Compute LLC | ||
| 6.125%, due 2/15/31 (a) | 10,475,000 | 10,457,444 |
| Cipher Compute LLC | ||
| 7.125%, due 11/15/30 (a) | 19,250,000 | 19,635,212 |
| Connect Finco SARL | ||
| 9.00%, due 9/15/29 (a) | 6,750,000 | 7,080,612 |
| Core Scientific Finance I LLC | ||
| 7.75%, due 5/15/31 (a) | 20,210,000 | 19,790,143 |
| Flash Compute LLC | ||
| 7.25%, due 12/31/30 (a) | 6,600,000 | 6,664,828 |
| Galaxy Helios Data Centers II LLC | ||
| 9.875%, due 8/1/31 (a) | 4,185,000 | 4,196,384 |
| Iliad Holding SAS (a) | ||
| 7.00%, due 10/15/28 | 9,230,000 | 9,252,327 |
| 8.50%, due 4/15/31 | 3,000,000 | 3,155,703 |
| PR RNO Property Owner 1 LLC | ||
| 6.50%, due 5/1/31 (a) | 16,015,000 | 15,080,030 |
| Rogers Communications, Inc. (g) | ||
| 6.875% (5 Year Treasury Constant Maturity Rate + 2.84%), due 7/31/56 | 4,500,000 | 4,501,836 |
| Series NC5 | ||
| 7.00% (5 Year Treasury Constant Maturity Rate + 2.653%), due 4/15/55 | 9,000,000 | 9,054,009 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Telecommunications | ||
| SV RNO Property Owner 1 LLC | ||
| 5.875%, due 3/1/31 (a) | $ 13,845,000 | $ 12,856,408 |
| TELUS Corp. | ||
| 6.375% (5 Year Treasury Constant Maturity Rate + 2.694%), due 6/9/56 (g) | 4,285,000 | 4,230,130 |
| Uniti Group LP | ||
| 4.75%, due 4/15/28 (a) | 2,000,000 | 1,992,415 |
| Vodafone Group plc | ||
| 7.00% (5 Year USD Interest Rate Swap + 4.873%), due 4/4/79 (g) | 5,000,000 | 5,135,000 |
| WULF Compute LLC | ||
| 7.75%, due 10/15/30 (a) | 16,540,000 | 17,184,514 |
| 186,034,585 | ||
| Toys, Games & Hobbies 0.2% | ||
| Mattel, Inc. | ||
| 5.875%, due 12/15/27 (a) | 4,765,000 | 4,764,662 |
| Transportation 0.9% | ||
| Beacon Mobility Corp. | ||
| 7.25%, due 8/1/30 (a) | 2,250,000 | 2,321,530 |
| Seaspan Corp. Pte. Ltd. | ||
| 5.50%, due 8/1/29 (a) | 1,300,000 | 1,262,888 |
| Star Leasing Co. LLC | ||
| 7.625%, due 2/15/30 (a) | 22,435,000 | 21,839,180 |
| Watco Cos. LLC | ||
| 7.125%, due 8/1/32 (a) | 1,500,000 | 1,537,190 |
| 26,960,788 | ||
| Total Corporate Bonds (Cost $2,419,248,162) | 2,410,606,125 | |
| Loan Assignments 11.6% | ||
| Aerospace & Defense 0.1% | ||
| TransDigm, Inc. | ||
| First Lien Tranche Term Loan J | ||
| 6.231% (1 Month SOFR + 2.50%), due 2/28/31 (g) | 2,409,127 | 2,412,515 |
| Automobile 0.4% | ||
| Clarios Global LP | ||
| First Lien Amendment No. 7 Dollar Term Loan | ||
| 6.231% (1 Month SOFR + 2.50%), due 1/28/32 (g) | 4,962,506 | 4,968,710 |
| Tenneco, Inc. | ||
| First Lien Term Loan B 8.742% - 8.832% | ||
| (3 Month SOFR + 5.00%), due 11/17/28 (g) | 7,100,000 | 7,094,824 |
| 12,063,534 | ||
| Principal Amount | Value | |
| Loan Assignments | ||
| Banking 0.2% | ||
| Jane Street Group LLC | ||
| First Lien Extended Term Loan | ||
| 5.666% (3 Month SOFR + 2.00%), due 12/15/31 (g) | $ 6,266,042 | $ 6,238,628 |
| Beverage, Food & Tobacco 0.4% | ||
| B&G Foods, Inc. | ||
| First Lien Tranche Term Loan B5 | ||
| 7.231% (1 Month SOFR + 3.50%), due 10/10/29 (g) | 6,308,345 | 6,216,874 |
| TreeHouse Foods, Inc. | ||
| First Lien Initial Term Loan | ||
| 7.981% (1 Month SOFR + 4.25%), due 2/11/33 (g) | 3,000,000 | 3,004,500 |
| United Natural Foods, Inc. | ||
| First Lien Term Loan B | ||
| 7.731% (1 Month SOFR + 4.00%), due 5/1/31 (g) | 2,965,535 | 2,982,216 |
| 12,203,590 | ||
| Broadcasting & Entertainment 0.1% | ||
| Gray Media, Inc. | ||
| First Lien Term Loan D | ||
| 6.82% (1 Month SOFR + 3.00%), due 12/1/28 (g) | 2,138,529 | 2,142,902 |
| Buildings & Real Estate 0.2% | ||
| Core & Main LP | ||
| First Lien Tranche Term Loan F | ||
| 5.475% (3 Month SOFR + 1.75%), due 7/1/33 (g) | 4,450,000 | 4,452,781 |
| Capital Equipment 0.9% | ||
| EMRLD Borrower LP | ||
| First Lien Second Amendment Incremental Term Loan | ||
| 6.073% (3 Month SOFR + 2.25%), due 8/4/31 (g) | 7,525,363 | 7,522,368 |
| TK Elevator Midco GmbH | ||
| First Lien Term Loan B1 | ||
| 6.704% (6 Month SOFR + 2.75%), due 4/30/30 (g) | 18,691,104 | 18,756,523 |
| 26,278,891 | ||
| Cargo Transport 0.4% | ||
| Clue Opco LLC | ||
| First Lien Term Loan B | ||
| 8.343% (3 Month SOFR + 4.50%), due 12/19/30 (g) | 5,125,778 | 4,922,172 |
| Genesee & Wyoming, Inc. | ||
| First Lien Initial Term Loan | ||
| 5.482% (3 Month SOFR + 1.75%), due 4/10/31 (g) | 4,883,882 | 4,868,874 |
| NA Rail Hold Co. LLC | ||
| First Lien Tranche Term Loan B4 | ||
| 6.149% (3 Month SOFR + 2.50%), due 3/8/32 (g) | 2,772,000 | 2,778,930 |
| 12,569,976 | ||
| Principal Amount | Value | |
| Loan Assignments | ||
| Chemicals 0.0% ‡ | ||
| ASP Unifrax Holdings, Inc. (g) | ||
| First Lien Term Loan | ||
| 6.663% (4.75% PIK) (3 Month SOFR + 3.00%), due 9/28/29 (b) | $ 1,797,487 | $ 691,695 |
| First Lien Term Loan | ||
| 12.342% (1 Year SOFR + 8.375%), due 11/30/26 | 364,954 | 364,954 |
| 1,056,649 | ||
| Chemicals, Plastics & Rubber 0.8% | ||
| Innophos Holdings, Inc. | ||
| First Lien Initial Term Loan | ||
| 8.095% (1 Month SOFR + 4.25%), due 3/16/29 (g) | 9,254,007 | 8,916,236 |
| Jazz Financing Lux SARL | ||
| First Lien Dollar Tranche Term Loan B2 | ||
| 5.981% (1 Month SOFR + 2.25%), due 5/5/28 (g) | 13,500,615 | 13,529,682 |
| 22,445,918 | ||
| Diversified/Conglomerate Manufacturing 0.5% | ||
| Quikrete Holdings, Inc. | ||
| First Lien Term Loan B3 | ||
| 5.981% (1 Month SOFR + 2.25%), due 2/10/32 (g) | 13,825,000 | 13,835,078 |
| Electronics 0.4% | ||
| Camelot US Acquisition LLC (g) | ||
| First Lien Incremental Term Loan B | ||
| 6.481% (1 Month SOFR + 2.75%), due 1/31/31 | 3,386,698 | 3,148,782 |
| First Lien Incremental Term Loan | ||
| 6.981% (1 Month SOFR + 3.25%), due 1/31/31 | 4,950,000 | 4,622,063 |
| SS&C Technologies, Inc. | ||
| First Lien Term Loan B8 | ||
| 5.731% (1 Month SOFR + 2.00%), due 5/9/31 (g) | 4,128,190 | 4,122,877 |
| 11,893,722 | ||
| Energy (Electricity) 0.8% | ||
| Alpha Generation LLC | ||
| First Lien Initial Term Loan B | ||
| 5.481% (1 Month SOFR + 1.75%), due 9/30/31 (g) | 6,857,225 | 6,821,512 |
| Cogentrix Finance Holdco I LLC | ||
| First Lien Repricing Term Loan | ||
| 5.981% (1 Month SOFR + 2.25%), due 2/26/32 (g) | 3,031,500 | 3,032,446 |
| Lightning Power LLC | ||
| First Lien Initial Term Loan B | ||
| 5.749% (1 Month SOFR + 2.00%), due 8/18/31 (g) | 1,965,000 | 1,965,352 |
| Talen Energy Supply LLC | ||
| First Lien 2025-1 Incremental Term Loan B | ||
| 5.823% (3 Month SOFR + 2.00%), due 11/25/32 (g) | 12,935,000 | 12,789,481 |
| 24,608,791 | ||
| Principal Amount | Value | |
| Loan Assignments | ||
| Entertainment 0.3% | ||
| ECL Entertainment LLC | ||
| First Lien Term Loan B | ||
| 6.731% (1 Month SOFR + 3.00%), due 8/30/30 (g) | $ 2,444,155 | $ 2,444,155 |
| OAK-Eagle Acquireco, Inc. | ||
| First Lien Term Loan B1 | ||
| 7.251% (1 Year SOFR + 3.50%), due 3/23/33 (g) | 7,000,000 | 7,036,750 |
| Sterling Entertainment Enterprises LLC | ||
| Second Lien Initial Term Loan | ||
| 17.75% (17.75% PIK), due 4/16/31 (b)(i) | 3,607,351 | 360,735 |
| 9,841,640 | ||
| Finance 0.8% | ||
| Arches Buyer, Inc. | ||
| First Lien New Term Loan | ||
| 7.081% (1 Month SOFR + 3.25%), due 12/6/27 (g) | 5,889,314 | 5,870,910 |
| RealTruck Group, Inc. (g) | ||
| First Lien Second Out Tranche Term Loan A | ||
| 8.648% (3 Month SOFR + 4.75%), due 1/31/31 | 10,124,903 | 6,036,973 |
| First Lien FLFO New Money Term Loan | ||
| 9.386% (3 Month SOFR + 5.75%), due 1/31/31 | 5,189,361 | 5,315,852 |
| First Lien Second Out Tranche Term Loan B | ||
| 9.898% (3 Month SOFR + 6.00%), due 1/31/31 | 12,799,244 | 7,594,214 |
| 24,817,949 | ||
| Healthcare & Pharmaceuticals 0.4% | ||
| 1261229 BC Ltd. | ||
| First Lien Initial Term Loan | ||
| 9.981% (1 Month SOFR + 6.25%), due 10/8/30 (g) | 11,880,000 | 11,518,646 |
| Healthcare, Education & Childcare 1.0% | ||
| Endo Finance Holdings LP | ||
| First Lien 2024 Refinancing Term Loan | ||
| 7.481% (1 Month SOFR + 3.75%), due 4/23/31 (g) | 11,873,417 | 11,879,911 |
| LifePoint Health, Inc. | ||
| First Lien Term Loan B1 | ||
| 7.503% (3 Month SOFR + 3.75%), due 5/19/31 (g) | 18,567,616 | 17,708,864 |
| 29,588,775 | ||
| High Tech Industries 0.1% | ||
| Aretec Group, Inc. | ||
| First Lien Term Loan B4 | ||
| 6.731% (1 Month SOFR + 3.00%), due 8/9/30 (g) | 4,047,660 | 4,054,407 |
| Hotel, Gaming & Leisure 0.1% | ||
| Motion Finco SARL | ||
| First Lien Facility Term Loan B3 | ||
| 7.232% (3 Month SOFR + 3.50%), due 11/13/29 (g) | 2,835,399 | 2,325,027 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Hotels, Motels, Inns & Gaming 0.2% | ||
| Caesars Entertainment, Inc. | ||
| First Lien Term Loan B1 | ||
| 5.981% (1 Month SOFR + 2.25%), due 2/6/31 (g) | $ 6,060,500 | $ 5,767,578 |
| Manufacturing 0.1% | ||
| ADI Global Distribution Funding LLC | ||
| First Lien Term Loan B | ||
| 6.457% (1 Year SOFR + 2.75%), due 7/1/33 (g) | 2,000,000 | 2,000,000 |
| Media 0.6% | ||
| DIRECTV Financing LLC | ||
| First Lien 2026 Refinancing Facility Term Loan B | ||
| 8.323% (3 Month SOFR + 4.50%), due 8/2/29 (g) | 8,491,505 | 8,535,287 |
| Discovery Global Holdings, Inc. | ||
| First Lien Initial Dollar Term Loan | ||
| 6.231% (1 Month SOFR + 2.50%), due 6/3/33 (g) | 4,658,654 | 4,658,654 |
| Versant Media Group, Inc. | ||
| First Lien Initial Term Loan | ||
| 7.232% (3 Month SOFR + 3.50%), due 1/30/31 (g) | 3,700,000 | 3,719,528 |
| 16,913,469 | ||
| Mining, Steel, Iron & Non-Precious Metals 0.2% | ||
| American Rock Salt Co. LLC (g) | ||
| First Lien Initial Term Loan | ||
| 7.994% (3 Month SOFR + 4.00%), due 6/9/28 | 4,198,466 | 3,883,581 |
| First Lien First Out Term Loan | ||
| 10.994% (3 Month SOFR + 7.00%), due 6/11/28 | 1,737,677 | 1,749,262 |
| 5,632,843 | ||
| Oil & Gas 0.3% | ||
| GIP Pilot Acquisition Partners LP | ||
| First Lien Term Loan B | ||
| 5.641% (3 Month SOFR + 2.00%), due 5/19/33 (g) | 4,790,449 | 4,784,461 |
| Prairie Acquiror LP | ||
| First Lien Term Loan B5 | ||
| 6.981% (1 Month SOFR + 3.25%), due 8/1/29 (g) | 2,933,061 | 2,947,726 |
| TransMontaigne Operating Co. LP | ||
| First Lien Tranche Term Loan B | ||
| 5.894% (1 Month SOFR + 2.25%), due 3/18/30 (g) | 2,432,042 | 2,433,866 |
| 10,166,053 | ||
| Personal & Nondurable Consumer Products 0.2% | ||
| Prestige Brands, Inc. | ||
| First Lien Term Loan B | ||
| 5.731% (1 Month SOFR + 2.00%), due 6/13/33 (g) | 6,000,000 | 6,016,500 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Personal, Food & Miscellaneous Services 0.3% | ||
| 1011778 B.C. Unlimited Liability Co. | ||
| First Lien Term Loan B5 | ||
| 5.481% (1 Month SOFR + 1.75%), due 9/20/30 (g) | $ 3,274,425 | $ 3,269,651 |
| KFC Holding Co. | ||
| First Lien 2021 Term Loan B | ||
| 5.534% (1 Month SOFR + 1.75%), due 3/15/28 (g) | 2,499,686 | 2,502,810 |
| WW International, Inc. | ||
| First Lien Initial Term Loan | ||
| 10.528% (1 Month SOFR + 6.80%), due 6/24/30 (g) | 2,255,203 | 1,646,299 |
| 7,418,760 | ||
| Retail 1.3% | ||
| C&S Wholesale Grocers, Inc. | ||
| First Lien Initial Term Loan | ||
| 8.732% (3 Month SOFR + 5.00%), due 8/6/30 (g) | 7,246,494 | 6,823,784 |
| Great Outdoors Group LLC | ||
| First Lien Term Loan B | ||
| 6.981% (1 Month SOFR + 3.25%), due 1/23/32 (g) | 32,172,605 | 32,287,494 |
| 39,111,278 | ||
| Retail Store 0.1% | ||
| PetSmart LLC | ||
| First Lien Initial Term Loan | ||
| 7.724% (1 Month SOFR + 4.00%), due 8/18/32 (g) | 3,341,052 | 3,345,229 |
| Services Business 0.3% | ||
| Osaic Holdings, Inc. | ||
| First Lien Term Loan B1 | ||
| 6.232% (3 Month SOFR + 2.50%), due 7/30/32 (g) | 8,478,750 | 8,421,518 |
| Telecommunications 0.0% ‡ | ||
| LCPR Loan Financing LLC | ||
| First Lien 2021 Additional Term Loan | ||
| 7.663% (3 Month SOFR + 3.75%), due 10/16/28 (g) | 335,000 | 190,322 |
| Utilities 0.1% | ||
| Constellation Renewables LLC | ||
| First Lien Term Loan | ||
| 5.666% (3 Month SOFR + 2.00%), due 12/15/27 (g) | 2,244,258 | 2,241,452 |
| Total Loan Assignments (Cost $354,029,695) | 341,574,421 | |
| Total Long-Term Bonds (Cost $2,782,260,219) | 2,756,450,671 | |
| Shares | Value | ||
| Common Stocks 0.5% | |||
| Electrical Equipment 0.1% | |||
| Energy Technologies, Inc. (i)(k) | 2,021 | $ 1,643,073 | |
| Energy Equipment & Services 0.1% | |||
| Nine Energy Service, Inc. (k) | 348,750 | 3,958,313 | |
| Entertainment 0.0% ‡ | |||
| Warner Bros Discovery, Inc. (k) | 21,758 | 572,235 | |
| Independent Power and Renewable Electricity Producers 0.0% ‡ | |||
| GenOn Energy, Inc. (j)(k) | 20,915 | 679,738 | |
| Oil, Gas & Consumable Fuels 0.1% | |||
| Gulfport Energy Corp. (k) | 14,804 | 2,388,921 | |
| PetroQuest Energy, Inc. (i)(k) | 11,867 | — | |
| PetroQuest Energy, Inc., Escrow Claim Shares (i)(k) | 6,167,104 | — | |
| 2,388,921 | |||
| Pharmaceuticals 0.2% | |||
| Keenova Therapeutics plc (k) | 44,488 | 4,317,827 | |
| Par Health, Inc. (k) | 44,488 | 265,327 | |
| 4,583,154 | |||
| Total Common Stocks (Cost $11,219,669) | 13,825,434 | ||
| Preferred Stock 0.2% | |||
| Electrical Equipment 0.2% | |||
| Energy Technologies Ltd. (i)(k) | 4,501 | 6,472,438 | |
| Total Preferred Stock (Cost $4,295,472) | 6,472,438 | ||
| Total Investments (Cost $2,797,775,360) | 94.0% | 2,776,748,543 | |
| Other Assets, Less Liabilities | 6.0 | 177,533,659 | |
| Net Assets | 100.0% | $ 2,954,282,202 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| ‡ | Less than one-tenth of a percent. |
| (a) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (b) | PIK ("Payment-in-Kind")—issuer may pay interest or dividends with additional securities and/or in cash. |
| (c) | Issue in default. |
| (d) | Issue in non-accrual status. |
| (e) | Step coupon—Rate shown was the rate in effect as of July 31, 2026. |
| (f) | Delayed delivery security. |
| (g) | Floating rate—Rate shown was the rate in effect as of July 31, 2026. |
| (h) | Security is perpetual and, thus, does not have a predetermined maturity date. The date shown, if applicable, reflects the next call date. |
| (i) | Security in which significant unobservable inputs (Level 3) were used in determining fair value. |
| (j) | Restricted security. |
| (k) | Non-income producing security. |
| Abbreviation(s): |
| SARL—Société À Responsabilité Limitée |
| SOFR—Secured Overnight Financing Rate |
| USD—United States Dollar |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Long-Term Bonds | |||||||
| Convertible Bond | $ — | $ 4,270,125 | $ — | $ 4,270,125 | |||
| Corporate Bonds | — | 2,410,606,125 | — | 2,410,606,125 | |||
| Loan Assignments | — | 341,213,686 | 360,735 | 341,574,421 | |||
| Total Long-Term Bonds | — | 2,756,089,936 | 360,735 | 2,756,450,671 | |||
| Common Stocks | 11,502,623 | 679,738 | 1,643,073 | 13,825,434 | |||
| Preferred Stock | — | — | 6,472,438 | 6,472,438 | |||
| Total Investments in Securities | $ 11,502,623 | $ 2,756,769,674 | $ 8,476,246 | $ 2,776,748,543 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Principal Amount | Value | |
| Municipal Bonds 98.0% | ||
| Long-Term Municipal Bonds 93.2% | ||
| Alabama 6.5% | ||
| Alabama Community College System, Coastal Alabama Community College, Revenue Bonds | ||
| Insured: BAM | ||
| 4.00%, due 10/1/27 | $ 500,000 | $ 507,186 |
| Alabama Housing Finance Authority, Providence Park Apartments Project, Revenue Bonds | ||
| Series E | ||
| 3.15%, due 7/1/29 (a) | 1,250,000 | 1,249,888 |
| Black Belt Energy Gas District, Gas Project, Revenue Bonds | ||
| Series B | ||
| 2.81%, due 4/1/53 | 7,195,000 | 7,156,172 |
| Series C-1 | ||
| 4.00%, due 10/1/52 (a) | 1,445,000 | 1,456,123 |
| Series B-1 | ||
| 4.00%, due 4/1/53 (a) | 3,920,000 | 3,946,483 |
| Series A | ||
| 5.00%, due 12/1/29 | 1,500,000 | 1,551,395 |
| Series G | ||
| 5.00%, due 6/1/31 | 3,000,000 | 3,132,449 |
| Series H-2-1 | ||
| 5.00%, due 12/1/31 | 3,000,000 | 3,120,858 |
| Series C-1 | ||
| 5.25%, due 2/1/53 (a) | 1,960,000 | 2,044,059 |
| Series D-1 | ||
| 5.50%, due 6/1/49 (a) | 2,820,000 | 2,940,328 |
| Series F | ||
| 5.50%, due 11/1/53 (a) | 10,000,000 | 10,397,597 |
| Series D-2 | ||
| 6.00%, due 2/1/29 | 2,000,000 | 2,036,501 |
| City of Decatur, Limited General Obligation | ||
| Series A | ||
| 2.00%, due 10/1/26 | 1,900,000 | 1,895,225 |
| Energy Southeast, A Cooperative District Energy Supply, Revenue Bonds | ||
| Series A-1 | ||
| 5.50%, due 11/1/53 (a) | 1,510,000 | 1,595,437 |
| Southeast Energy Authority A Cooperative District, Revenue Bonds | ||
| Series E | ||
| 5.00%, due 10/1/30 | 24,715,000 | 26,209,239 |
| Series C | ||
| 5.00%, due 5/1/55 (a) | 3,000,000 | 3,165,253 |
| Series B | ||
| 5.25%, due 3/1/55 (a) | 2,500,000 | 2,550,070 |
| Southeast Energy Authority A Cooperative District, Project No. 4, Revenue Bonds | ||
| Series B-1 | ||
| 5.00%, due 5/1/53 (a) | 1,870,000 | 1,921,723 |
| Southeast Energy Authority A Cooperative District, Project No. 3, Revenue Bonds | ||
| Series A-1 | ||
| 5.50%, due 1/1/53 (a) | 10,000,000 | 10,573,039 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Alabama | ||
| State of Alabama Docks Department, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 10/1/27 (b) | $ 1,250,000 | $ 1,273,364 |
| 88,722,389 | ||
| Arizona 0.9% | ||
| Chandler Industrial Development Authority, Intel Corp. Project, Revenue Bonds | ||
| 4.00%, due 6/1/49 (a)(b) | 5,240,000 | 5,281,964 |
| City of Phoenix Civic Improvement Corp., Airport, Revenue Bonds, Senior Lien | ||
| 5.00%, due 7/1/29 (b) | 6,210,000 | 6,527,230 |
| County of Pinal, Revenue Bonds | ||
| Insured: BAM | ||
| 4.567%, due 8/1/30 | 350,000 | 351,013 |
| 12,160,207 | ||
| Arkansas 1.2% | ||
| Arkansas Development Finance Authority, United States Steel Corp. Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 9/1/46 (a)(b)(c) | 17,000,000 | 16,954,727 |
| California 11.1% | ||
| Alameda Corridor Transportation Authority, Revenue Bonds, Sub. Lien | ||
| Series B, Insured: AG-CR AMBAC | ||
| (zero coupon), due 10/1/27 | 4,500,000 | 4,270,054 |
| Anaheim Public Financing Authority, Convention Center Expansion, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 2.093%, due 7/1/27 | 1,135,000 | 1,111,468 |
| Burbank-Glendale-Pasadena Airport Authority, Brick Campaign, Revenue Bonds, Senior Lien | ||
| Series B | ||
| 5.00%, due 7/1/31 (b) | 3,250,000 | 3,495,224 |
| California Community Choice Financing Authority, Clean Energy Project, Revenue Bonds | ||
| Series F | ||
| 5.00%, due 11/1/33 | 11,275,000 | 11,944,377 |
| Series B-1 | ||
| 5.00%, due 7/1/53 (a) | 8,750,000 | 9,071,827 |
| Series B | ||
| 5.00%, due 1/1/55 (a) | 2,000,000 | 2,042,090 |
| Series D | ||
| 5.00%, due 2/1/55 (a) | 3,000,000 | 3,199,345 |
| Series C | ||
| 5.25%, due 1/1/54 (a) | 6,700,000 | 7,025,555 |
| California Housing Finance Agency, Sierra Vista Apartments, Revenue Bonds | ||
| Series SSL-1 | ||
| 2.875%, due 7/1/31 (a) | 2,350,000 | 2,326,754 |
| California Infrastructure & Economic Development Bank, J Paul Getty Trust (The), Revenue Bonds | ||
| Series B-2 | ||
| 3.00%, due 10/1/47 (a) | 5,500,000 | 5,499,540 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| California Infrastructure & Economic Development Bank, California Academy of Sciences, Revenue Bonds | ||
| Series A | ||
| 3.25%, due 8/1/29 | $ 2,000,000 | $ 2,001,937 |
| California Infrastructure & Economic Development Bank, Los Angeles County Museum of Art Project, Revenue Bonds | ||
| 3.25%, due 6/1/33 | 6,000,000 | 5,920,827 |
| California Municipal Finance Authority, University of San Diego, Revenue Bonds | ||
| Series B | ||
| 2.326%, due 10/1/27 | 1,590,000 | 1,551,645 |
| California Municipal Finance Authority, The Winslow, Revenue Bonds | ||
| Series A | ||
| 2.95%, due 1/1/56 (a) | 7,000,000 | 6,975,718 |
| California Municipal Finance Authority, Republic Services, Inc., Revenue Bonds | ||
| Series B | ||
| 3.05%, due 7/1/51 (a)(b) | 4,500,000 | 4,497,587 |
| California Municipal Finance Authority, Palm Desert Family Housing, Revenue Bonds | ||
| Series A | ||
| 3.25%, due 6/1/56 (a) | 11,250,000 | 11,182,719 |
| California Pollution Control Financing Authority, Republic Services, Inc., Revenue Bonds | ||
| 2.875%, due 7/1/43 (a)(b)(c) | 4,000,000 | 3,999,468 |
| California Public Finance Authority, Children's Hospital Los Angeles, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.40%, due 11/15/31 | 5,000,000 | 5,052,059 |
| California Statewide Communities Development Authority, Southern California Edison Co., Revenue Bonds | ||
| Series A | ||
| 1.75%, due 9/1/29 | 11,500,000 | 10,804,493 |
| City of San Jose Multifamily Housing, Berryessa TOD, Revenue Bonds | ||
| Series A | ||
| 3.05%, due 5/1/66 (a) | 4,000,000 | 3,967,184 |
| Golden State Tobacco Securitization Corp., Revenue Bonds | ||
| Series B, Insured: State Appropriations | ||
| 2.246%, due 6/1/29 | 3,900,000 | 3,648,749 |
| Inglewood Unified School District, Election of 2020, Unlimited General Obligation | ||
| Series B | ||
| 5.00%, due 8/1/26 | 3,000,000 | 3,000,000 |
| Series B | ||
| 5.00%, due 8/1/32 | 1,100,000 | 1,218,147 |
| Los Angeles Department of Water & Power, Power System, Revenue Bonds | ||
| Series D | ||
| 5.00%, due 7/1/27 | 655,000 | 667,702 |
| Series A | ||
| 5.00%, due 7/1/29 | 430,000 | 454,053 |
| Series B | ||
| 5.00%, due 7/1/30 | 1,550,000 | 1,656,743 |
| Series C | ||
| 5.00%, due 7/1/30 | 6,000,000 | 6,363,098 |
| Los Angeles Department of Water & Power, Water System, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 7/1/29 | 1,000,000 | 1,055,937 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| San Diego County Regional Airport Authority, Revenue Bonds, Senior Lien (b) | ||
| Series B | ||
| 5.00%, due 7/1/28 | $ 1,500,000 | $ 1,559,002 |
| Series B | ||
| 5.00%, due 7/1/29 | 1,750,000 | 1,844,886 |
| San Jose Evergreen Community College District, Unlimited General Obligation | ||
| Series B | ||
| 5.084%, due 7/1/43 | 4,830,000 | 4,826,723 |
| Saratoga Union School District, Unlimited General Obligation | ||
| Insured: NATL-RE | ||
| (zero coupon), due 9/1/26 | 6,500,000 | 6,487,258 |
| Southern California Public Power Authority, Southern Transmission System Renewal Project, Revenue Bonds | ||
| Series 1 | ||
| 5.00%, due 7/1/28 | 3,260,000 | 3,388,848 |
| Series 1 | ||
| 5.00%, due 7/1/28 | 470,000 | 488,576 |
| Southern California Public Power Authority, Windy Point/Windy Flats Project, Revenue Bonds | ||
| Series 1 | ||
| 5.00%, due 7/1/29 | 1,220,000 | 1,288,243 |
| Southern California Public Power Authority, Apex Power Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/30 | 4,225,000 | 4,515,961 |
| Tobacco Securitization Authority of Southern California, Revenue Bonds | ||
| Series A, Class 1 | ||
| 5.00%, due 6/1/29 | 1,000,000 | 1,054,627 |
| University of California, Revenue Bonds | ||
| Series BG | ||
| 1.614%, due 5/15/30 | 2,395,000 | 2,152,086 |
| 151,610,510 | ||
| Colorado 2.2% | ||
| Adams & Arapahoe Joint School District 28J, Aurora, Unlimited General Obligation | ||
| Insured: State Aid Withholding | ||
| 5.50%, due 12/1/26 | 1,000,000 | 1,009,572 |
| Arapahoe County School District No. 5, Cherry Creek, Unlimited General Obligation | ||
| Series B, Insured: State Aid Withholding | ||
| 2.00%, due 12/15/26 | 5,000,000 | 4,977,353 |
| Colorado Bridge Enterprise, Central 70 Project, Revenue Bonds | ||
| 4.00%, due 6/30/27 (b) | 4,475,000 | 4,488,898 |
| Colorado Health Facilities Authority, AdventHealth Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/15/29 (d) | 10,000,000 | 10,509,330 |
| Series A | ||
| 5.00%, due 11/15/60 (a) | 2,750,000 | 2,954,777 |
| Colorado Housing and Finance Authority, Creekside Flats Project, Revenue Bonds | ||
| 3.00%, due 5/1/48 (a) | 2,400,000 | 2,361,682 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Colorado | ||
| E-470 Public Highway Authority, Revenue Bonds | ||
| Series B | ||
| 3.146%, due 9/1/39 | $ 1,500,000 | $ 1,496,831 |
| Gunnison County Housing Authority, Whetstone Housing Project, Revenue Bonds | ||
| Insured: BAM | ||
| 5.00%, due 6/1/27 | 600,000 | 609,581 |
| Insured: BAM | ||
| 5.00%, due 6/1/28 | 550,000 | 570,139 |
| Insured: BAM | ||
| 5.00%, due 6/1/29 | 775,000 | 814,580 |
| Park Creek Metropolitan District, Westerly Creek District Service Area, Tax Allocation, Senior Lien | ||
| Insured: AG | ||
| 5.00%, due 12/1/28 | 1,000,000 | 1,047,489 |
| 30,840,232 | ||
| District of Columbia 1.7% | ||
| District of Columbia, Gallery Place Project, Tax Allocation | ||
| 5.00%, due 6/1/27 | 1,090,000 | 1,091,832 |
| District of Columbia Housing Finance Agency, Hillsdale Flats Phase I Project, Revenue Bonds | ||
| Series B | ||
| 3.15%, due 2/1/30 (a) | 3,250,000 | 3,244,878 |
| District of Columbia Housing Finance Agency, Wesley Hawaii LLC, Revenue Bonds | ||
| 3.65%, due 7/1/28 (a) | 2,620,000 | 2,634,760 |
| District of Columbia Housing Finance Agency, Belmont Crossing Phase II, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 3/1/29 (a) | 2,750,000 | 2,821,525 |
| Metropolitan Washington Airports Authority, Aviation, Revenue Bonds (b) | ||
| Series A | ||
| 5.00%, due 10/1/27 | 2,160,000 | 2,212,053 |
| Series A | ||
| 5.00%, due 10/1/28 | 1,020,000 | 1,060,965 |
| Series A | ||
| 5.00%, due 10/1/28 | 1,250,000 | 1,300,202 |
| Series A | ||
| 5.00%, due 10/1/29 | 7,000,000 | 7,374,601 |
| Series A | ||
| 5.00%, due 10/1/29 | 1,735,000 | 1,827,848 |
| 23,568,664 | ||
| Florida 1.4% | ||
| Alachua County Health Facilities Authority, Oak Hammock at the University of Florida, Inc. Project, Revenue Bonds | ||
| Series B-2 | ||
| 3.75%, due 10/1/30 | 1,000,000 | 1,000,033 |
| County of Miami-Dade, Aviation, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/29 (b) | 2,000,000 | 2,105,182 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Florida | ||
| County of Pasco, State of Florida Cigarette Tax Revenue, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.25%, due 9/1/27 | $ 2,000,000 | $ 2,051,868 |
| Florida Housing Finance Corp., Residences at Claude Pepper, Revenue Bonds | ||
| Series M | ||
| 3.10%, due 12/1/44 (a) | 2,500,000 | 2,456,573 |
| Greater Orlando Aviation Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/26 (b) | 4,225,000 | 4,239,645 |
| Miami-Dade County Housing Finance Authority, Rainbow Village Project, Revenue Bonds | ||
| Series B, Insured: HUD Sector 8 | ||
| 3.55%, due 3/1/29 (a) | 2,000,000 | 2,014,745 |
| Orange County Health Facilities Authority, Orlando Health Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/28 | 1,555,000 | 1,617,451 |
| Series A | ||
| 5.00%, due 10/1/29 | 1,080,000 | 1,137,796 |
| Palm Beach County Housing Finance Authority, Calusa Pointe II, Revenue Bonds | ||
| Series B | ||
| 2.90%, due 2/1/30 (a) | 1,600,000 | 1,586,164 |
| Village Community Development District No. 11, Special Assessment | ||
| 4.125%, due 5/1/29 | 755,000 | 751,473 |
| 18,960,930 | ||
| Georgia 5.1% | ||
| Atlanta Urban Residential Finance Authority, Martin House, Revenue Bonds | ||
| 3.20%, due 5/1/29 (a) | 2,000,000 | 2,000,231 |
| City of Atlanta, Department of Aviation, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 7/1/27 (b) | 2,185,000 | 2,226,182 |
| Decatur Housing Authority, Calvin Court Project, Revenue Bonds | ||
| 3.60%, due 8/1/28 (a) | 2,150,000 | 2,160,122 |
| Development Authority of Cobb County Student Housing, KSU Housing Real Estate Foundations Projects, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.00%, due 6/15/27 | 500,000 | 509,050 |
| Series A | ||
| 5.00%, due 6/15/28 | 750,000 | 777,460 |
| Series A | ||
| 5.00%, due 6/15/29 | 1,345,000 | 1,414,024 |
| Series A | ||
| 5.00%, due 6/15/30 | 1,635,000 | 1,740,478 |
| Series A | ||
| 5.00%, due 6/15/31 | 3,690,000 | 3,970,111 |
| Series A | ||
| 5.00%, due 6/15/32 | 1,870,000 | 2,029,274 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Georgia | ||
| Development Authority of Cobb County Student Housing, KSU Housing Real Estate Foundations Projects, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 6/15/30 | $ 750,000 | $ 791,953 |
| Development Authority of Monroe County (The), Georgia Power Co. Plant Scherer Project, Revenue Bonds (a) | ||
| Series 1 | ||
| 1.00%, due 7/1/49 | 1,590,000 | 1,588,252 |
| Series 1 | ||
| 2.80%, due 6/1/42 | 8,250,000 | 8,056,710 |
| Main Street Energy, Inc., Energy Project, Revenue Bonds | ||
| Series D | ||
| 5.00%, due 12/1/33 | 13,000,000 | 13,506,098 |
| Main Street Natural Gas, Inc., Revenue Bonds (a) | ||
| Series A | ||
| 4.00%, due 7/1/52 | 7,490,000 | 7,556,969 |
| Series B | ||
| 5.00%, due 12/1/52 | 3,000,000 | 3,090,512 |
| Series A | ||
| 5.00%, due 5/1/54 | 2,205,000 | 2,323,732 |
| Series D | ||
| 5.00%, due 5/1/54 | 750,000 | 780,924 |
| Series B | ||
| 5.00%, due 12/1/54 | 3,145,000 | 3,332,965 |
| Series E | ||
| 5.00%, due 5/1/55 | 11,945,000 | 12,455,955 |
| 70,311,002 | ||
| Guam 0.1% | ||
| Territory of Guam, Revenue Bonds | ||
| Series F | ||
| 5.00%, due 1/1/29 | 1,000,000 | 1,035,863 |
| Hawaii 0.5% | ||
| State of Hawaii, Unlimited General Obligation | ||
| Series GQ | ||
| 4.357%, due 10/1/31 | 6,250,000 | 6,147,442 |
| State of Hawaii, Airports System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/28 (b) | 1,000,000 | 1,036,309 |
| 7,183,751 | ||
| Idaho 0.1% | ||
| Idaho Housing & Finance Association, Revenue Bonds | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 3.35%, due 7/1/28 | 1,035,000 | 1,039,006 |
| Idaho Housing & Finance Association, Domes Church Apartments, Revenue Bonds | ||
| 3.35%, due 6/10/50 (a) | 1,045,000 | 1,046,097 |
| 2,085,103 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Illinois 4.2% | ||
| Chicago Board of Education, School Reform, Unlimited General Obligation | ||
| Series B-1, Insured: AG-CR | ||
| (zero coupon), due 12/1/29 | $ 995,000 | $ 883,876 |
| Chicago Board of Education, Unlimited General Obligation | ||
| Series C, Insured: AG | ||
| 5.00%, due 12/1/27 | 1,000,000 | 1,022,813 |
| City of Chicago, Unlimited General Obligation | ||
| Series A | ||
| 5.00%, due 1/1/30 | 1,000,000 | 1,025,667 |
| Series A | ||
| 5.879%, due 1/1/31 | 6,750,000 | 6,753,321 |
| Series B, Insured: AG-CR | ||
| 7.375%, due 1/1/33 | 1,228,000 | 1,323,818 |
| City of Evanston, Unlimited General Obligation | ||
| 2.00%, due 12/1/29 | 1,000,000 | 934,680 |
| City of Rockford, Waterworks Sysytem, Unlimited General Obligation | ||
| Series B, Insured: BAM | ||
| 4.00%, due 12/15/27 | 605,000 | 610,280 |
| Illinois Housing Development Authority, Island Terrace 4% Preservation Associates LP, Revenue Bonds | ||
| 2.80%, due 8/1/28 (a) | 3,100,000 | 3,077,550 |
| Illinois Housing Development Authority, Lakeside Tower, Revenue Bonds | ||
| Series B | ||
| 3.15%, due 8/1/29 (a) | 1,500,000 | 1,499,638 |
| Kane & DeKalb Counties Community Unit School District No. 302, Kaneland, Unlimited General Obligation | ||
| Series B, Insured: AG | ||
| (zero coupon), due 2/1/29 | 1,380,000 | 1,277,574 |
| Series B, Insured: AG | ||
| (zero coupon), due 2/1/29 | 820,000 | 746,768 |
| La Salle & Bureau Counties Township High School District No. 120, LaSalle-Peru, Unlimited General Obligation | ||
| Insured: AG | ||
| 5.00%, due 12/1/32 | 1,960,000 | 2,109,776 |
| Peoria Tazewell Etc Counties Community College District No. 514, Unlimited General Obligation | ||
| Series B | ||
| 6.25%, due 12/1/27 | 2,665,000 | 2,779,000 |
| Series B | ||
| 6.25%, due 12/1/28 | 2,000,000 | 2,144,782 |
| Series B | ||
| 6.25%, due 12/1/29 | 775,000 | 851,055 |
| St. Clair County School District No. 113, Wolf Branch, Unlimited General Obligation | ||
| Series B, Insured: AG | ||
| 5.00%, due 12/1/32 (d) | 500,000 | 532,980 |
| State of Illinois, Unlimited General Obligation | ||
| 3.50%, due 6/1/31 | 1,700,000 | 1,681,462 |
| Series A | ||
| 5.00%, due 3/1/29 | 3,745,000 | 3,923,789 |
| Series B | ||
| 5.00%, due 10/1/29 | 800,000 | 844,399 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Illinois | ||
| State of Illinois, Unlimited General Obligation | ||
| Series C | ||
| 5.00%, due 11/1/29 | $ 5,920,000 | $ 6,052,974 |
| Series 1 | ||
| 6.63%, due 2/1/35 | 1,626,923 | 1,682,068 |
| State of Illinois, Revenue Bonds, Junior Lien | ||
| Series A | ||
| 5.00%, due 6/15/28 | 3,000,000 | 3,117,394 |
| State of Illinois, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/15/29 | 4,000,000 | 4,212,708 |
| Village of Pingree Grove, Special Tax | ||
| Insured: BAM | ||
| 3.10%, due 3/1/27 | 790,000 | 788,739 |
| Insured: BAM | ||
| 3.15%, due 3/1/28 | 2,175,000 | 2,165,689 |
| Insured: BAM | ||
| 3.25%, due 3/1/29 | 1,815,000 | 1,803,153 |
| Insured: BAM | ||
| 3.35%, due 3/1/30 | 2,500,000 | 2,468,896 |
| Insured: BAM | ||
| 3.50%, due 3/1/31 | 1,250,000 | 1,227,497 |
| 57,542,346 | ||
| Indiana 3.4% | ||
| Center Grove Community School Corp., Unlimited General Obligation | ||
| Insured: State Intercept | ||
| 5.00%, due 1/1/27 | 550,000 | 553,675 |
| Indiana Finance Authority, Republic Services, Inc., Revenue Bonds | ||
| Series A | ||
| 2.90%, due 5/1/28 (a)(b) | 10,300,000 | 10,297,627 |
| Indiana Finance Authority, Ohio Valley Electric Corp. Project, Revenue Bonds | ||
| Series B | ||
| 3.00%, due 11/1/30 | 2,305,000 | 2,241,010 |
| Series C | ||
| 3.00%, due 11/1/30 | 2,175,000 | 2,114,619 |
| Series A | ||
| 4.25%, due 11/1/30 | 4,645,000 | 4,740,230 |
| Indiana Finance Authority, Indiana University Health, Revenue Bonds | ||
| Series D-1 | ||
| 5.00%, due 10/1/64 (a) | 3,750,000 | 3,946,156 |
| Indiana Housing & Community Development Authority, Single Family Mortgage, Revenue Bonds | ||
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 1.80%, due 7/1/32 | 300,000 | 257,633 |
| Indiana Housing & Community Development Authority, Revenue Bonds (b) | ||
| Series B-2, Insured: GNMA / FNMA / FHLMC | ||
| 4.00%, due 1/1/27 | 1,135,000 | 1,136,746 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Indiana | ||
| Indiana Housing & Community Development Authority, Revenue Bonds (b) | ||
| Series B-2, Insured: GNMA / FNMA / FHLMC | ||
| 4.00%, due 1/1/28 | $ 1,000,000 | $ 1,005,559 |
| Indiana Secondary Market for Education Loans, Inc., Revenue Bonds (b) | ||
| Series 1-A | ||
| 5.00%, due 6/1/29 | 550,000 | 564,861 |
| Series 1-A | ||
| 5.00%, due 6/1/30 | 1,040,000 | 1,072,510 |
| Indianapolis Local Public Improvement Bond Bank, Indianapolis Airport Authority Project, Revenue Bonds (b) | ||
| Series B-2 | ||
| 5.00%, due 1/1/28 | 3,050,000 | 3,126,325 |
| Series B-2 | ||
| 5.00%, due 1/1/29 | 10,455,000 | 10,904,104 |
| New Palestine Community Schools, Limited General Obligation | ||
| Insured: State Aid Intercept | ||
| 5.00%, due 1/15/27 | 590,000 | 595,388 |
| Richland-Bean Blossom 2000 School Building Corp., Revenue Bonds | ||
| Insured: State Aid Intercept | ||
| 5.00%, due 7/15/27 | 1,015,000 | 1,032,462 |
| Insured: State Aid Intercept | ||
| 5.00%, due 1/15/28 | 1,060,000 | 1,090,271 |
| Seymour Elementary School Building Corp., First Mortgage, Revenue Bonds | ||
| Insured: State Aid Intercept | ||
| 5.00%, due 1/15/27 | 585,000 | 590,606 |
| Westfield High School Building Corp., First Mortgage, Revenue Bonds | ||
| Series B, Insured: State Aid Intercept | ||
| 5.00%, due 1/15/29 | 1,010,000 | 1,059,059 |
| 46,328,841 | ||
| Iowa 0.7% | ||
| City of West Burlington, Unlimited General Obligation | ||
| Insured: AG | ||
| 4.00%, due 6/1/30 | 445,000 | 457,916 |
| Guthrie County Hospital, Revenue Bonds | ||
| Series A | ||
| 4.50%, due 2/1/29 | 2,000,000 | 1,993,205 |
| Iowa Student Loan Liquidity Corp., Revenue Bonds, Senior Lien (b) | ||
| Series B | ||
| 5.00%, due 12/1/28 | 565,000 | 586,011 |
| Series B | ||
| 5.00%, due 12/1/30 | 1,000,000 | 1,058,404 |
| Series B | ||
| 5.00%, due 12/1/31 | 1,000,000 | 1,053,969 |
| Kirkwood Community College, Unlimited General Obligation | ||
| 3.00%, due 6/1/32 | 500,000 | 480,752 |
| PEFA, Inc., Gas Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 4/1/27 | 830,000 | 838,029 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Iowa | ||
| PEFA, Inc., Gas Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 4/1/30 | $ 1,025,000 | $ 1,066,553 |
| Series A | ||
| 5.00%, due 4/1/31 | 1,485,000 | 1,553,920 |
| 9,088,759 | ||
| Kansas 0.4% | ||
| City of Wichita, K-96 Greenwich STAR Bond Project, Revenue Bonds | ||
| Series A | ||
| 3.20%, due 9/1/26 (c) | 2,620,000 | 2,618,291 |
| Kansas Development Finance Authority, Floret Hill, Revenue Bonds | ||
| Series F | ||
| 3.05%, due 12/1/43 (a) | 2,300,000 | 2,291,492 |
| Reno County Unified School District No. 309, Nickerson, Unlimited General Obligation | ||
| Insured: AG | ||
| 5.00%, due 9/1/27 | 775,000 | 791,313 |
| 5,701,096 | ||
| Kentucky 0.7% | ||
| Kenton County Airport Board, Cincinnati/Northern Kentucky International Airport, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/29 (b) | 1,125,000 | 1,173,325 |
| Kentucky Economic Development Finance Authority, Next Generation Information Highway Project, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.00%, due 7/1/27 | 4,245,000 | 4,250,511 |
| Kentucky Higher Education Student Loan Corp., Revenue Bonds | ||
| Series A-2 | ||
| 5.255%, due 6/1/28 | 500,000 | 503,653 |
| Series A-2 | ||
| 5.414%, due 6/1/29 | 1,610,000 | 1,629,984 |
| Kentucky Public Energy Authority, Gas Supply, Revenue Bonds | ||
| Series C | ||
| 4.00%, due 2/1/50 (a) | 2,305,000 | 2,322,391 |
| 9,879,864 | ||
| Louisiana 1.0% | ||
| Jefferson Sales Tax District, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 12/1/26 | 1,500,000 | 1,510,296 |
| Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 5/15/30 | 4,000,000 | 4,235,514 |
| Parish of Livingston, Revenue Bonds | ||
| Insured: AG | ||
| 5.00%, due 10/1/30 | 6,990,000 | 7,510,852 |
| 13,256,662 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Maine 0.1% | ||
| Finance Authority of Maine, Supplemental Education Loan Program, Revenue Bonds | ||
| Series A-1, Insured: AG | ||
| 5.00%, due 12/1/28 (b) | $ 1,000,000 | $ 1,024,757 |
| Maine Health & Higher Educational Facilities Authority, Northern Light Health Obligated Group, Revenue Bonds | ||
| Series C, Insured: AG State Aid Withholding | ||
| 5.00%, due 7/1/27 | 200,000 | 204,114 |
| 1,228,871 | ||
| Maryland 0.4% | ||
| State of Maryland, Unlimited General Obligation, Second Series | ||
| Series A | ||
| 5.00%, due 8/1/29 | 5,000,000 | 5,321,361 |
| Massachusetts 1.1% | ||
| Massachusetts Development Finance Agency, Berklee College of Music, Inc., Revenue Bonds (d) | ||
| 5.00%, due 10/1/27 | 1,500,000 | 1,536,994 |
| 5.00%, due 10/1/28 | 1,500,000 | 1,565,821 |
| Massachusetts Development Finance Agency, Beth Israel Lahey Health, Revenue Bonds | ||
| Series N, Insured: AG | ||
| 5.00%, due 7/1/30 | 2,425,000 | 2,605,880 |
| Series N, Insured: AG | ||
| 5.00%, due 7/1/31 | 4,825,000 | 5,243,758 |
| Massachusetts Educational Financing Authority, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.52%, due 7/1/35 | 2,605,000 | 2,618,835 |
| Massachusetts Housing Finance Agency, Revenue Bonds | ||
| Series 221 | ||
| 1.95%, due 12/1/33 | 1,000,000 | 837,751 |
| Town of Sandwich, Limited General Obligation | ||
| 2.00%, due 9/15/33 | 835,000 | 716,638 |
| 15,125,677 | ||
| Michigan 2.9% | ||
| City of Detroit, Water Sewage Disposal System, Revenue Bonds | ||
| Series D, Insured: AG | ||
| 3.271%, due 7/1/32 | 11,790,000 | 11,770,558 |
| Michigan Finance Authority, Trinity Health Corp., Revenue Bonds | ||
| Series MI | ||
| 3.01%, due 12/1/39 | 12,000,000 | 12,004,429 |
| Series MI-3 | ||
| 3.75%, due 12/1/38 (a) | 3,000,000 | 3,051,540 |
| Series MI-2 | ||
| 3.875%, due 12/1/44 (a)(c) | 7,000,000 | 7,002,504 |
| Michigan State Housing Development Authority, Revenue Bonds | ||
| Series A | ||
| 3.30%, due 6/1/28 | 1,775,000 | 1,779,463 |
| Series A | ||
| 3.45%, due 12/1/29 | 1,490,000 | 1,495,514 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Michigan | ||
| Michigan State Housing Development Authority, Revenue Bonds | ||
| Series A | ||
| 3.60%, due 12/1/30 | $ 1,110,000 | $ 1,106,804 |
| Series D | ||
| 3.90%, due 6/1/27 | 1,355,000 | 1,363,891 |
| 39,574,703 | ||
| Minnesota 3.0% | ||
| Cambridge-Isanti Independent School District No. 911, Unlimited General Obligation | ||
| Series A, Insured: SD CRED PROG | ||
| 2.00%, due 2/1/33 | 770,000 | 656,706 |
| City of Mankato, Unlimited General Obligation | ||
| Series A | ||
| 2.125%, due 2/1/27 | 920,000 | 915,008 |
| City of Prior Lake, Unlimited General Obligation | ||
| Series A | ||
| 2.50%, due 12/15/26 | 1,000,000 | 997,677 |
| County of Washington, Limited General Obligation | ||
| Series A | ||
| 2.00%, due 2/1/32 | 1,395,000 | 1,262,601 |
| County of Washington, Unlimited General Obligation | ||
| Series A | ||
| 2.25%, due 2/1/28 | 4,000,000 | 3,959,391 |
| Series A | ||
| 2.40%, due 2/1/29 | 1,955,000 | 1,907,098 |
| County of Washington, Capital Improvement Plan, Unlimited General Obligation | ||
| Series A | ||
| 2.10%, due 2/1/27 | 205,000 | 204,077 |
| Duluth Independent School District No. 709, Unlimited General Obligation | ||
| Series C, Insured: SD CRED PROG | ||
| (zero coupon), due 2/1/30 | 1,750,000 | 1,533,971 |
| Series C, Insured: SD CRED PROG | ||
| (zero coupon), due 2/1/31 | 1,200,000 | 1,007,613 |
| Fridley Independent School District No. 14, Unlimited General Obligation | ||
| Series A, Insured: SD CRED PROG | ||
| 4.00%, due 9/30/26 | 4,750,000 | 4,754,279 |
| Metropolitan Council, Unlimited General Obligation | ||
| Series C | ||
| 2.50%, due 3/1/29 | 5,605,000 | 5,466,469 |
| Minnesota Housing Finance Agency, Revenue Bonds | ||
| Series F, Insured: GNMA / FNMA / FHLMC | ||
| 1.80%, due 1/1/32 | 1,645,000 | 1,433,366 |
| Robbinsdale Independent School District No. 281, Unlimited General Obligation | ||
| Series C, Insured: SD CRED PROG | ||
| 2.00%, due 2/1/28 | 3,725,000 | 3,637,758 |
| Shakopee Independent School District No. 720, Unlimited General Obligation | ||
| Series C, Insured: SD CRED PROG | ||
| (zero coupon), due 2/1/29 | 5,155,000 | 4,721,145 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Minnesota | ||
| South Washington County Independent School District No. 833, School Building, Unlimited General Obligation | ||
| Series B, Insured: SD CRED PROG | ||
| 3.00%, due 2/1/27 | $ 8,040,000 | $ 8,040,713 |
| St. Cloud Independent School District No. 742, Unlimited General Obligation | ||
| Series A, Insured: SD CRED PROG | ||
| (zero coupon), due 2/1/30 | 630,000 | 559,287 |
| 41,057,159 | ||
| Mississippi 0.3% | ||
| City of Olive Branch, Unlimited General Obligation | ||
| 2.00%, due 3/1/27 | 500,000 | 493,897 |
| Mississippi Development Bank, Revenue Bonds | ||
| 5.00%, due 9/1/27 | 1,325,000 | 1,342,879 |
| State of Mississippi, Unlimited General Obligation | ||
| Series C | ||
| 4.053%, due 10/1/27 | 1,745,000 | 1,744,170 |
| 3,580,946 | ||
| Missouri 1.7% | ||
| Missouri State Environmental Improvement & Energy Resources Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/28 | 10,740,000 | 11,077,103 |
| Series A | ||
| 5.00%, due 7/1/28 | 2,245,000 | 2,339,878 |
| Series A | ||
| 5.00%, due 1/1/29 | 8,275,000 | 8,699,445 |
| Series A | ||
| 5.00%, due 7/1/30 | 1,110,000 | 1,195,731 |
| 23,312,157 | ||
| Montana 0.6% | ||
| City of Forsyth, NorthWestern Corp., Revenue Bonds | ||
| 3.875%, due 7/1/28 | 3,060,000 | 3,094,658 |
| City of Forsyth, Avista Corp. Colstrip Project, Revenue Bonds | ||
| Series A | ||
| 3.875%, due 10/1/32 | 2,300,000 | 2,310,762 |
| Montana Board of Housing, Hidden Creek 4 Project, Revenue Bonds | ||
| 3.05%, due 11/1/46 (a) | 1,700,000 | 1,684,758 |
| Montana Facility Finance Authority, Kalispell Regional Medical Center, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 7/1/29 | 1,270,000 | 1,314,992 |
| 8,405,170 | ||
| Nevada 0.9% | ||
| Clark County School District, Limited General Obligation | ||
| Series A | ||
| 5.00%, due 6/15/27 | 6,295,000 | 6,417,096 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Nevada | ||
| Las Vegas Convention & Visitors Authority, Convention Center Expansion and Renovation, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 7/1/31 | $ 5,665,000 | $ 6,151,280 |
| 12,568,376 | ||
| New Hampshire 0.5% | ||
| New Hampshire Business Finance Authority, New York State Electric & Gas Corp. Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 12/1/28 (b) | 3,000,000 | 3,023,022 |
| New Hampshire Housing Finance Authority, Revenue Bonds | ||
| Series 1, Insured: FHA 542(c) | ||
| 2.80%, due 7/1/29 | 4,235,000 | 4,178,380 |
| 7,201,402 | ||
| New Jersey 4.8% | ||
| County of Middlesex, Unlimited General Obligation | ||
| 2.00%, due 6/1/28 | 4,500,000 | 4,366,742 |
| New Jersey Economic Development Authority, New Jersey-American Water Co., Inc., Revenue Bonds (a)(b) | ||
| Series A | ||
| 2.20%, due 10/1/39 | 3,500,000 | 3,293,456 |
| Series B | ||
| 3.75%, due 11/1/34 | 2,910,000 | 2,928,533 |
| New Jersey Economic Development Authority, Liberty State Park Project, Revenue Bonds | ||
| Series A | ||
| 4.125%, due 6/15/27 | 2,900,000 | 2,902,270 |
| New Jersey Higher Education Student Assistance Authority, Revenue Bonds, Senior Lien (b) | ||
| Series 1-B | ||
| 5.00%, due 12/1/27 | 3,500,000 | 3,580,303 |
| Series 1-B | ||
| 5.00%, due 12/1/28 | 8,000,000 | 8,290,231 |
| Series 1-B | ||
| 5.00%, due 12/1/30 | 9,375,000 | 9,899,405 |
| New Jersey Higher Education Student Assistance Authority, Revenue Bonds (b) | ||
| Series A | ||
| 5.00%, due 12/1/31 | 850,000 | 903,445 |
| Series A | ||
| 5.00%, due 12/1/33 | 1,525,000 | 1,631,712 |
| New Jersey Housing & Mortgage Finance Agency, Revenue Bonds | ||
| Series M | ||
| 3.375%, due 4/1/29 | 245,000 | 245,166 |
| Series M | ||
| 3.45%, due 10/1/29 | 365,000 | 365,043 |
| Series B, Insured: HUD Sector 8 | ||
| 3.50%, due 5/1/29 | 1,000,000 | 1,006,020 |
| Series M | ||
| 3.55%, due 4/1/30 | 390,000 | 389,829 |
| Series M | ||
| 3.60%, due 10/1/30 | 345,000 | 343,966 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New Jersey | ||
| New Jersey Housing & Mortgage Finance Agency, Revenue Bonds | ||
| Series M | ||
| 3.75%, due 4/1/31 | $ 765,000 | $ 766,916 |
| Series M | ||
| 3.75%, due 10/1/31 | 775,000 | 775,568 |
| Series M | ||
| 3.90%, due 4/1/32 | 1,835,000 | 1,838,835 |
| Series M | ||
| 3.95%, due 10/1/32 | 2,415,000 | 2,428,246 |
| Series M | ||
| 4.05%, due 4/1/33 | 540,000 | 547,160 |
| Series M | ||
| 4.10%, due 10/1/33 | 660,000 | 664,818 |
| New Jersey Transportation Trust Fund Authority, Transportation System, Revenue Bonds | ||
| Series C, Insured: AMBAC | ||
| (zero coupon), due 12/15/28 | 1,000,000 | 928,276 |
| Series A | ||
| (zero coupon), due 12/15/29 | 2,000,000 | 1,792,250 |
| New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement, Revenue Bonds | ||
| Series A-1 | ||
| 5.00%, due 6/15/27 | 11,000,000 | 11,056,960 |
| Salem County Pollution Control Financing Authority, Atlantic City Electric Co. Project, Revenue Bonds | ||
| 2.25%, due 6/1/29 | 3,460,000 | 3,304,220 |
| State of New Jersey, Unlimited General Obligation | ||
| 2.00%, due 6/1/30 | 1,000,000 | 934,514 |
| 65,183,884 | ||
| New Mexico 0.8% | ||
| Albuquerque Municipal School District No. 12, Unlimited General Obligation | ||
| Series A, Insured: State Aid Withholding | ||
| 5.00%, due 8/1/28 | 1,000,000 | 1,043,533 |
| Series A, Insured: State Aid Withholding | ||
| 5.00%, due 8/1/29 | 2,735,000 | 2,901,880 |
| Series B, Insured: State Aid Withholding | ||
| 5.00%, due 8/1/29 | 1,750,000 | 1,856,779 |
| Series A, Insured: State Aid Withholding | ||
| 5.00%, due 8/1/30 | 1,175,000 | 1,263,616 |
| Series B, Insured: State Aid Withholding | ||
| 5.00%, due 8/1/30 | 1,540,000 | 1,656,144 |
| Series B, Insured: State Aid Withholding | ||
| 5.00%, due 8/1/31 | 1,525,000 | 1,657,475 |
| New Mexico Mortgage Finance Authority, Revenue Bonds | ||
| Series C, Class I, Insured: GNMA / FNMA / FHLMC | ||
| 3.45%, due 9/1/32 | 775,000 | 746,068 |
| 11,125,495 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New York 8.4% | ||
| City of New York, Unlimited General Obligation | ||
| Series H | ||
| 4.82%, due 2/1/29 | $ 2,100,000 | $ 2,114,774 |
| Series F-1 | ||
| 5.00%, due 8/1/31 | 28,750,000 | 31,054,074 |
| County of Suffolk, Public Improvement, Limited General Obligation | ||
| Series B, Insured: AG | ||
| 3.00%, due 8/1/26 | 3,500,000 | 3,500,000 |
| Enlarged City School District of the City of Troy, Unlimited General Obligation | ||
| Insured: BAM | ||
| 2.00%, due 6/1/33 | 1,170,000 | 994,133 |
| New York City Housing Development Corp., Revenue Bonds | ||
| Series F-2 | ||
| 3.40%, due 11/1/64 (a) | 1,000,000 | 1,001,874 |
| New York City Housing Development Corp., 8 Spruce Street, Revenue Bonds | ||
| Class A | ||
| 5.458%, due 12/15/31 | 12,525,000 | 12,568,097 |
| New York Energy Finance Development Corp., Revenue Bonds | ||
| 5.00%, due 7/1/56 (a) | 13,000,000 | 13,227,011 |
| New York Liberty Development Corp., 4 World Trade Center Project, Revenue Bonds | ||
| Series A | ||
| 1.70%, due 11/15/30 | 1,270,000 | 1,135,073 |
| New York State Dormitory Authority, State of New York Personal Income Tax, Revenue Bonds | ||
| Series C | ||
| 1.952%, due 3/15/29 | 4,525,000 | 4,234,994 |
| New York State Dormitory Authority, Revenue Bonds | ||
| Series D | ||
| 5.50%, due 3/15/30 | 106,658 | 107,424 |
| New York State Energy Research & Development Authority, New York State Electric & Gas Corp., Revenue Bonds | ||
| Series D | ||
| 3.50%, due 10/1/29 | 7,285,000 | 7,285,820 |
| New York State Energy Research & Development Authority, Revenue Bonds | ||
| Series A | ||
| 5.789%, due 4/1/27 | 4,000,000 | 3,998,489 |
| Series A | ||
| 5.822%, due 4/1/28 | 2,500,000 | 2,498,741 |
| Series A | ||
| 5.947%, due 4/1/29 | 1,000,000 | 1,000,161 |
| New York State Housing Finance Agency, West 38TH Street LLC, Revenue Bonds | ||
| Series A, Insured: FHLMC | ||
| 3.57%, due 5/1/42 (a) | 10,000,000 | 9,929,308 |
| New York Transportation Development Corp., Terminal 4 John F. Kennedy International Airport Project, Revenue Bonds (b) | ||
| Insured: AG-CR | ||
| 5.00%, due 12/1/26 | 5,000,000 | 5,031,190 |
| Insured: AG-CR | ||
| 5.00%, due 12/1/29 | 4,000,000 | 4,213,684 |
| 5.00%, due 12/1/30 | 2,000,000 | 2,116,807 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New York | ||
| Onondaga Civic Development Corp., Syracuse University Project, Revenue Bonds | ||
| 5.00%, due 12/1/29 | $ 700,000 | $ 748,798 |
| Oppenheim-Ephratah-St. Johnsville Central School District, Unlimited General Obligation | ||
| Insured: AG State Aid Withholding | ||
| 2.00%, due 6/15/33 | 785,000 | 659,288 |
| Poland Central School District, Unlimited General Obligation | ||
| Insured: BAM State Aid Withholding | ||
| 2.00%, due 6/15/33 | 805,000 | 682,127 |
| State of New York Mortgage Agency, Homeowner Mortgage, Revenue Bonds | ||
| Series 223 | ||
| 2.20%, due 10/1/29 | 500,000 | 476,389 |
| Trust for Cultural Resources of The City of New York (The), Lincoln Center for the Performing Arts, Inc., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/32 | 3,500,000 | 3,862,452 |
| West Athens Lime Street Fire District, Unlimited General Obligation | ||
| 4.25%, due 9/3/26 | 2,250,000 | 2,251,193 |
| 114,691,901 | ||
| North Carolina 2.2% | ||
| County of Wake, Unlimited General Obligation | ||
| Series C | ||
| 5.00%, due 4/1/33 | 4,575,000 | 5,111,284 |
| Cumberland County Industrial Facilities & Pollution Control Financing Authority, Project Aero, Revenue Bonds | ||
| 3.125%, due 12/1/27 (a)(b) | 11,900,000 | 11,892,113 |
| Greater Asheville Regional Airport Authority, Revenue Bonds (b) | ||
| Insured: AG | ||
| 5.00%, due 7/1/28 | 1,000,000 | 1,035,366 |
| Insured: AG | ||
| 5.00%, due 7/1/29 | 1,165,000 | 1,222,856 |
| Insured: AG | ||
| 5.00%, due 7/1/30 | 1,100,000 | 1,168,251 |
| Insured: AG | ||
| 5.00%, due 7/1/31 | 1,845,000 | 1,974,712 |
| North Carolina Medical Care Commission, Deerfield Episcopal Retirement Community Project, Revenue Bonds | ||
| Series B-3 | ||
| 3.45%, due 11/1/30 | 3,365,000 | 3,302,987 |
| Series B-1 | ||
| 4.00%, due 11/1/31 | 2,000,000 | 1,969,147 |
| North Carolina State Education Assistance Authority, Revenue Bonds, Senior Lien (b) | ||
| Series A | ||
| 5.50%, due 6/1/28 | 750,000 | 773,932 |
| Series A | ||
| 5.50%, due 6/1/29 | 1,300,000 | 1,358,006 |
| 29,808,654 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| North Dakota 0.1% | ||
| North Dakota Housing Finance Agency, Revenue Bonds | ||
| Series D | ||
| 5.50%, due 7/1/31 | $ 1,015,000 | $ 1,099,095 |
| Ohio 1.9% | ||
| Akron Bath Copley Joint Township Hospital District, Summa Health System Obligated Group, Revenue Bonds | ||
| 5.25%, due 11/15/46 | 11,275,000 | 11,343,057 |
| Cleveland Municipal School District, Unlimited General Obligation | ||
| Insured: SD CRED PROG | ||
| 5.00%, due 12/1/26 | 1,300,000 | 1,309,224 |
| Columbus Regional Airport Authority, John Glenn Columbus International Airport, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/30 (b) | 2,000,000 | 2,102,949 |
| Columbus-Franklin County Finance Authority, Castle Creek Apartments, Revenue Bonds | ||
| 3.20%, due 6/1/44 (a) | 1,700,000 | 1,694,094 |
| County of Fayette, Adena Health System Obligated Group, Revenue Bonds | ||
| Insured: AG | ||
| 5.25%, due 12/1/29 | 600,000 | 639,669 |
| Insured: AG | ||
| 5.25%, due 12/1/30 | 600,000 | 648,517 |
| Insured: AG | ||
| 5.25%, due 12/1/31 | 1,000,000 | 1,093,580 |
| Ohio Higher Educational Facility Commission, Case Western Reserve University, Revenue Bonds | ||
| Series B | ||
| 2.39%, due 12/1/42 | 3,995,000 | 3,986,209 |
| State of Ohio, Unlimited General Obligation | ||
| Series U | ||
| 5.00%, due 5/1/27 | 2,580,000 | 2,624,335 |
| State of Ohio, Portsmouth Bypass Project, Revenue Bonds | ||
| Insured: AG | ||
| 5.00%, due 12/31/28 (b) | 1,275,000 | 1,276,813 |
| 26,718,447 | ||
| Oregon 1.7% | ||
| City of Redmond, Airport Expansion Projects, Limited General Obligation | ||
| Series A | ||
| 5.00%, due 6/1/32 (b) | 500,000 | 536,140 |
| City of Salem, Unlimited General Obligation | ||
| 3.00%, due 6/1/29 | 3,440,000 | 3,408,917 |
| Clackamas County Service District No. 1, Revenue Bonds | ||
| 2.00%, due 12/1/29 | 770,000 | 730,421 |
| 2.375%, due 12/1/31 | 3,000,000 | 2,805,432 |
| Deschutes County Administrative School District No. 1, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 3.00%, due 6/15/29 | 6,000,000 | 5,945,662 |
| Multnomah County School District No. 40, Unlimited General Obligation | ||
| Series B, Insured: School Bond Guaranty | ||
| (zero coupon), due 6/15/27 | 1,655,000 | 1,611,507 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Oregon | ||
| Oregon School Boards Association, Limited General Obligation | ||
| Series B, Insured: NATL-RE State Intercept | ||
| 5.55%, due 6/30/28 | $ 2,167,433 | $ 2,191,045 |
| Port of Portland, Airport, Revenue Bonds | ||
| Series 30-A | ||
| 5.00%, due 7/1/29 (b) | 3,000,000 | 3,160,092 |
| State of Oregon, Article XI-Q State Projects, Unlimited General Obligation | ||
| Series B | ||
| 4.791%, due 5/1/31 | 1,145,000 | 1,155,078 |
| Series B | ||
| 4.891%, due 5/1/32 | 1,500,000 | 1,516,309 |
| 23,060,603 | ||
| Pennsylvania 4.3% | ||
| Armstrong School District, Limited General Obligation | ||
| Series A, Insured: BAM State Aid Withholding | ||
| 5.00%, due 3/15/28 | 2,070,000 | 2,137,838 |
| Commonwealth of Pennsylvania, Unlimited General Obligation, First Series | ||
| 3.20%, due 3/1/29 | 5,000,000 | 4,991,108 |
| Northampton County General Purpose Authority, St. Luke's University Health Network Project, Revenue Bonds | ||
| Series A-1 | ||
| 5.00%, due 8/15/27 | 3,000,000 | 3,058,205 |
| Pennsylvania Economic Development Financing Authority, Waste Management, Inc. Project, Revenue Bonds (a) | ||
| 0.95%, due 12/1/33 | 8,000,000 | 7,934,626 |
| Series A | ||
| 2.85%, due 6/1/49 (b) | 8,000,000 | 7,999,993 |
| Pennsylvania Economic Development Financing Authority, Republic Services, Inc., Revenue Bonds | ||
| Series B-2 | ||
| 3.05%, due 4/1/49 (a)(b) | 2,250,000 | 2,248,794 |
| Pennsylvania Economic Development Financing Authority, UPMC Obligated Group, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 6/15/31 | 19,000,000 | 20,350,531 |
| Pennsylvania Higher Education Assistance Agency, Revenue Bonds | ||
| Series 1-A | ||
| 5.00%, due 6/1/31 (b) | 2,500,000 | 2,623,813 |
| Pennsylvania Higher Educational Facilities Authority, Indiana University, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 3.271%, due 7/1/27 | 480,000 | 475,628 |
| Philadelphia Housing Authority, PHADC Acquisition Program, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 3/1/28 | 4,000,000 | 4,131,888 |
| School District of Philadelphia (The), Limited General Obligation | ||
| Series B, Insured: State Aid Withholding | ||
| 5.00%, due 9/1/30 | 2,500,000 | 2,679,563 |
| 58,631,987 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Puerto Rico 0.3% | ||
| Puerto Rico Housing Finance Authority, Puerto Rico Public Housing Project, Revenue Bonds | ||
| 5.00%, due 12/1/27 | $ 2,000,000 | $ 2,044,576 |
| Puerto Rico Sales Tax Financing Corp., Revenue Bonds | ||
| Series A-1 | ||
| (zero coupon), due 7/1/31 | 70,000 | 59,350 |
| Series A-1 | ||
| (zero coupon), due 7/1/33 | 2,029,000 | 1,586,893 |
| 3,690,819 | ||
| Rhode Island 0.3% | ||
| Rhode Island Student Loan Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/29 (b) | 1,000,000 | 1,046,027 |
| Rhode Island Student Loan Authority, Revenue Bonds, Senior Lien (b) | ||
| Series B | ||
| 5.00%, due 12/1/30 | 1,750,000 | 1,841,434 |
| Series B | ||
| 5.00%, due 12/1/32 | 1,000,000 | 1,059,977 |
| 3,947,438 | ||
| South Carolina 0.1% | ||
| University of South Carolina, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 5/1/30 | 1,650,000 | 1,770,769 |
| Tennessee 1.3% | ||
| County of Campbell, Unlimited General Obligation | ||
| Insured: AG | ||
| 2.00%, due 6/1/31 | 985,000 | 893,431 |
| County of Rutherford, Unlimited General Obligation | ||
| 2.25%, due 4/1/28 | 4,110,000 | 4,028,841 |
| Metropolitan Government of Nashville & Davidson County, Unlimited General Obligation | ||
| 2.50%, due 1/1/29 | 1,000,000 | 981,354 |
| Metropolitan Nashville Airport Authority (The), Revenue Bonds (b) | ||
| Series D | ||
| 5.00%, due 7/1/27 | 750,000 | 763,116 |
| Series D | ||
| 5.00%, due 7/1/28 | 660,000 | 683,964 |
| Series B | ||
| 5.00%, due 7/1/29 | 1,630,000 | 1,714,195 |
| Series D | ||
| 5.00%, due 7/1/29 | 875,000 | 920,197 |
| Series B | ||
| 5.00%, due 7/1/30 | 2,375,000 | 2,528,645 |
| New Memphis Arena Public Building Authority, City of Memphis Project, Revenue Bonds | ||
| 4.00%, due 4/1/27 (e) | 1,000,000 | 1,005,747 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Tennessee | ||
| Shelby County Health Educational & Housing Facilities Board, Baptist Memorial Health Care, Revenue Bonds (a) | ||
| Series B | ||
| 5.00%, due 9/1/44 | $ 2,000,000 | $ 2,105,237 |
| Series B | ||
| 5.00%, due 9/1/49 | 2,000,000 | 2,081,751 |
| 17,706,478 | ||
| Texas 4.7% | ||
| Allen Independent School District, School Building, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 2.50%, due 2/15/28 | 1,000,000 | 985,773 |
| Birdville Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 3.00%, due 2/15/33 | 1,000,000 | 945,562 |
| City of Galveston, Wharves & Terminal, Revenue Bonds, First Lien (b) | ||
| Series A | ||
| 5.00%, due 8/1/26 | 625,000 | 625,000 |
| Series A | ||
| 5.00%, due 8/1/28 | 725,000 | 747,864 |
| City of Houston, Combined Utility System, Revenue Bonds, First Lien | ||
| Series B | ||
| 5.00%, due 11/15/26 | 2,000,000 | 2,014,064 |
| Clifton Higher Education Finance Corp., YES Prep Public Schools, Inc., Revenue Bonds | ||
| Insured: PSF-GTD | ||
| 5.00%, due 4/1/28 | 305,000 | 315,707 |
| Insured: PSF-GTD | ||
| 5.00%, due 4/1/29 | 500,000 | 523,845 |
| Coppell Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 5.00%, due 8/15/29 | 330,000 | 350,148 |
| Insured: PSF-GTD | ||
| 5.00%, due 8/15/30 | 350,000 | 376,725 |
| Fort Bend County Municipal Utility District No. 134B, Unlimited General Obligation | ||
| Insured: AG | ||
| 6.50%, due 3/1/27 | 390,000 | 397,631 |
| Harris County Cultural Education Facilities Finance Corp., Memorial Hermann Health System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/30 | 6,000,000 | 6,417,765 |
| Harris County Municipal Utility District No. 171, Unlimited General Obligation | ||
| Insured: BAM | ||
| 7.00%, due 12/1/26 | 930,000 | 941,157 |
| Insured: BAM | ||
| 7.00%, due 12/1/27 | 800,000 | 840,152 |
| Harris County Municipal Utility District No. 489, Unlimited General Obligation | ||
| Insured: BAM | ||
| 2.00%, due 9/1/32 | 1,300,000 | 1,146,675 |
| Insured: BAM | ||
| 6.00%, due 9/1/26 | 980,000 | 982,241 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| Harris County Municipal Utility District No. 490, Unlimited General Obligation | ||
| Insured: BAM | ||
| 6.50%, due 3/1/29 | $ 830,000 | $ 898,701 |
| Insured: BAM | ||
| 6.50%, due 3/1/30 | 870,000 | 964,833 |
| Insured: AG | ||
| 7.50%, due 9/1/29 | 1,170,000 | 1,250,766 |
| Harris County Water Control & Improvement District No. 158, Unlimited General Obligation | ||
| Insured: BAM | ||
| 7.00%, due 9/1/26 | 325,000 | 326,018 |
| Las Varas Public Facility Corp., Central at Commerce, Revenue Bonds | ||
| Series A | ||
| 3.35%, due 11/1/44 (a) | 2,650,000 | 2,603,879 |
| Leander Independent School District, Unlimited General Obligation | ||
| Series A, Insured: PSF-GTD | ||
| (zero coupon), due 8/15/28 | 500,000 | 470,181 |
| Matagorda County Navigation District No. 1, Central Power and Light Company Project, Revenue Bonds | ||
| Series A | ||
| 2.60%, due 11/1/29 | 4,260,000 | 4,151,177 |
| Mckinney Municipal Utility District No. 2, Unlimited General Obligation | ||
| Insured: BAM | ||
| 6.50%, due 9/1/31 | 2,300,000 | 2,491,387 |
| Midland County Fresh Water Supply District No. 1, Midland Projects, Revenue Bonds | ||
| Series A | ||
| (zero coupon), due 9/15/32 | 500,000 | 386,364 |
| Montgomery County Municipal Utility District No. 138, Unlimited General Obligation | ||
| Insured: AG | ||
| 6.375%, due 9/1/30 | 1,580,000 | 1,682,719 |
| New Hope Cultural Education Facilities Finance Corp., Westminster Project, Revenue Bonds | ||
| 5.00%, due 11/1/26 | 280,000 | 281,080 |
| 5.00%, due 11/1/27 | 345,000 | 351,707 |
| 5.00%, due 11/1/28 | 435,000 | 449,834 |
| North East Texas Regional Mobility Authority, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.00%, due 1/1/28 | 545,000 | 559,703 |
| North Texas Municipal Water District, Upper East Fork Wastewater Interceptor System, Revenue Bonds | ||
| 3.00%, due 6/1/33 | 1,930,000 | 1,837,503 |
| Port of Corpus Christi Authority of Nueces County, Revenue Bonds | ||
| 3.737%, due 12/1/26 | 3,000,000 | 2,994,657 |
| State of Texas, Public Finance Authority, Unlimited General Obligation | ||
| 2.326%, due 10/1/29 | 3,000,000 | 2,818,989 |
| State of Texas, Unlimited General Obligation | ||
| 5.00%, due 8/1/27 (b) | 1,975,000 | 2,013,699 |
| State of Texas, College Student Loan, Unlimited General Obligation (b) | ||
| 5.00%, due 8/1/29 | 2,285,000 | 2,405,610 |
| Series A | ||
| 5.25%, due 8/1/28 | 2,360,000 | 2,462,891 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| Texas Department of Housing & Community Affairs, Revenue Bonds | ||
| Series B, Insured: GNMA | ||
| 3.65%, due 1/1/28 | $ 625,000 | $ 628,317 |
| Series B, Insured: GNMA | ||
| 3.80%, due 1/1/29 | 1,075,000 | 1,083,482 |
| Series B, Insured: GNMA | ||
| 3.85%, due 7/1/29 | 995,000 | 1,003,196 |
| Texas Municipal Gas Acquisition & Supply Corp., Revenue Bonds | ||
| 5.00%, due 1/1/30 | 1,500,000 | 1,551,282 |
| Texas Municipal Gas Acquisition & Supply Corp. II, Revenue Bonds | ||
| Series C | ||
| 3.281%, due 9/15/27 | 7,690,000 | 7,702,326 |
| Town of Trophy Club, Public Improvement District No. 1, Special Assessment | ||
| 5.00%, due 9/1/28 | 500,000 | 508,732 |
| 5.00%, due 9/1/30 | 500,000 | 523,322 |
| Williamson County Municipal Utility District No. 26, Unlimited General Obligation | ||
| Insured: BAM | ||
| 6.50%, due 8/15/30 | 1,315,000 | 1,436,637 |
| Ysleta Independent School District, Revenue Notes | ||
| Series B | ||
| 5.00%, due 3/1/27 | 1,000,000 | 1,005,965 |
| 64,455,266 | ||
| U.S. Virgin Islands 1.1% | ||
| Matching Fund Special Purpose Securitization Corp., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/26 | 15,430,000 | 15,462,554 |
| Utah 0.7% | ||
| City of Salt Lake City, Airport, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/29 (b) | 2,000,000 | 2,064,336 |
| County of Salt Lake, Convention Hotel, Unlimited General Obligation | ||
| Series B | ||
| 2.30%, due 12/15/28 | 1,000,000 | 975,133 |
| Utah Housing Corp., Revenue Bonds (b) | ||
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 2.90%, due 7/1/27 | 535,000 | 533,389 |
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 3.00%, due 1/1/28 | 925,000 | 920,803 |
| Utah Housing Corp., Liberty Corner, Revenue Bonds | ||
| 3.00%, due 9/1/45 (a) | 2,000,000 | 1,977,240 |
| Utah Infrastructure Agency, Telecommunication, Revenue Bonds | ||
| 5.00%, due 10/15/26 | 1,265,000 | 1,268,563 |
| Weber School District, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 2.125%, due 6/15/32 | 1,670,000 | 1,512,587 |
| 9,252,051 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Vermont 0.3% | ||
| State of Vermont, Unlimited General Obligation | ||
| Series B | ||
| 2.25%, due 8/15/28 | $ 4,235,000 | $ 4,137,816 |
| Virginia 1.9% | ||
| Arlington County Industrial Development Authority, Goodwill Glebe Road Redevelopment, Revenue Bonds | ||
| 2.95%, due 9/1/49 (a) | 1,000,000 | 986,914 |
| Arlington County Industrial Development Authority, Revenue Bonds | ||
| 3.10%, due 12/1/55 (a) | 1,250,000 | 1,248,557 |
| Bristol Industrial Development Authority, Revenue Bonds | ||
| Series A | ||
| 6.75%, due 11/1/33 (c) | 1,370,000 | 1,360,885 |
| Gloucester County Economic Development Authority, Waste Management Disposal Services of Virginia, Inc., Revenue Bonds | ||
| Series A | ||
| 4.25%, due 9/1/38 (a)(b) | 4,000,000 | 4,029,141 |
| Petersburg Redevelopment & Housing Authority, PB Petersburg Owner II LLC, Revenue Bonds | ||
| 4.00%, due 5/1/45 (a) | 2,500,000 | 2,516,741 |
| Richmond Redevelopment & Housing Authority, Joyfield at German School Road, Revenue Bonds | ||
| 3.05%, due 12/1/55 (a) | 2,750,000 | 2,746,248 |
| Virginia Housing Development Authority, Revenue Bonds | ||
| Series F-1 | ||
| 3.55%, due 1/1/27 | 310,000 | 310,405 |
| Series F-1 | ||
| 3.60%, due 7/1/27 | 800,000 | 802,432 |
| Series A | ||
| 3.65%, due 3/1/29 | 2,060,000 | 2,060,156 |
| Virginia Public School Authority, Revenue Bonds | ||
| Series B, Insured: State Intercept | ||
| 2.25%, due 8/1/29 | 2,000,000 | 1,920,351 |
| Series A, Insured: State Intercept | ||
| 3.00%, due 8/1/28 | 3,950,000 | 3,950,091 |
| Virginia Small Business Financing Authority, Hampton University, Revenue Bonds | ||
| 5.00%, due 10/1/27 | 1,000,000 | 1,026,181 |
| 5.00%, due 10/1/28 | 1,100,000 | 1,135,320 |
| 5.00%, due 10/1/29 | 1,100,000 | 1,146,746 |
| 5.00%, due 10/1/30 | 1,125,000 | 1,182,759 |
| 26,422,927 | ||
| Washington 2.3% | ||
| Central Puget Sound Regional Transit Authority, Revenue Bonds | ||
| Series S-1 | ||
| 5.00%, due 11/1/28 | 2,500,000 | 2,620,543 |
| Series S-1 | ||
| 5.00%, due 11/1/29 | 5,025,000 | 5,357,635 |
| City of Spokane, Limited General Obligation | ||
| 3.00%, due 12/1/27 | 2,500,000 | 2,494,853 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Washington | ||
| County of King, Sewer, Revenue Bonds, Junior Lien | ||
| Series A | ||
| 2.39%, due 1/1/40 | $ 10,000,000 | $ 9,968,935 |
| State of Washington, Motor Vehicle Fuel Tax, Unlimited General Obligation | ||
| Series F, Insured: NATL-RE | ||
| (zero coupon), due 12/1/26 | 5,720,000 | 5,664,824 |
| Washington State Housing Finance Commission, Revenue Bonds | ||
| Series 1-N, Insured: GNMA / FNMA / FHLMC | ||
| 1.90%, due 12/1/32 | 1,300,000 | 1,111,637 |
| Washington State Housing Finance Commission, Heron's Key Phase II Project, Revenue Bonds | ||
| Series B-1 | ||
| 3.20%, due 7/1/32 | 4,450,000 | 4,403,017 |
| 31,621,444 | ||
| West Virginia 1.0% | ||
| West Virginia Economic Development Authority, Mitchell Project, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 6/1/37 (a)(b) | 5,795,000 | 5,764,354 |
| West Virginia Economic Development Authority, AMOS Project, Revenue Bonds | ||
| Series A | ||
| 3.30%, due 1/1/41 (a)(b) | 3,000,000 | 2,997,095 |
| West Virginia Economic Development Authority, Appalachian Power Co., Revenue Bonds | ||
| Series A | ||
| 3.375%, due 3/1/40 (a) | 4,750,000 | 4,755,917 |
| 13,517,366 | ||
| Wisconsin 2.3% | ||
| City of Madison, Unlimited General Obligation | ||
| Series A | ||
| 2.00%, due 10/1/29 | 1,000,000 | 941,998 |
| Series A | ||
| 2.10%, due 10/1/26 | 6,690,000 | 6,679,133 |
| Series A | ||
| 2.15%, due 10/1/27 | 6,690,000 | 6,624,222 |
| City of Milwaukee, Unlimited General Obligation | ||
| Series N-1, Insured: AG | ||
| 5.00%, due 12/1/29 | 2,630,000 | 2,784,976 |
| PMA Levy & Aid Anticipation Notes Program, Revenue Notes | ||
| Series A | ||
| 5.00%, due 8/27/26 | 1,000,000 | 1,001,214 |
| Series B | ||
| 5.00%, due 9/24/26 | 6,500,000 | 6,516,859 |
| Public Finance Authority, Lindenwood Education System, Revenue Bonds | ||
| 5.00%, due 6/1/28 | 1,140,000 | 1,163,761 |
| State of Wisconsin, Unlimited General Obligation | ||
| Series 2 | ||
| 5.00%, due 5/1/31 | 1,810,000 | 1,972,468 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Wisconsin | ||
| State of Wisconsin, Unlimited General Obligation | ||
| Series 4 | ||
| 5.00%, due 5/1/32 | $ 3,000,000 | $ 3,306,794 |
| 30,991,425 | ||
| Total Long-Term Municipal Bonds (Cost $1,271,722,269) | 1,275,903,187 | |
| Short-Term Municipal Notes 4.8% | ||
| Arizona 0.3% | ||
| Arizona Health Facilities Authority, Banner Health, Revenue Bonds | ||
| Series C | ||
| 3.05%, due 1/1/46 (f) | 4,220,000 | 4,220,000 |
| Georgia 0.8% | ||
| Development Authority of Burke County (The), Georgia Power Co. Plant Vogtle Project, Revenue Bonds, First Series | ||
| Series 1 | ||
| 3.10%, due 7/1/49 (f) | 10,000,000 | 10,000,000 |
| Indiana 0.1% | ||
| Indiana Finance Authority, Deaconess Health System, Revenue Bonds | ||
| Series B | ||
| 2.46%, due 3/1/39 | 1,595,000 | 1,591,664 |
| New Hampshire 1.3% | ||
| New Hampshire Business Finance Authority | ||
| Series PS-1, Class B | ||
| 3.41%, due 12/1/28 (b)(c)(f) | 18,000,000 | 18,000,000 |
| New Jersey 0.1% | ||
| Tender Option Bond Trust Receipts, Revenue Bonds | ||
| 3.05%, due 6/15/50 (c)(f) | 1,500,000 | 1,500,000 |
| Texas 2.2% | ||
| New Hope Cultural Education Facilities Finance Corp., Children's Health System of Texas, Revenue Bonds | ||
| Series C | ||
| 3.05%, due 8/1/55 (f) | 5,000,000 | 5,000,000 |
| San Antonio Water System, Revenue Bonds, Sub. Lien | ||
| Series A | ||
| 3.10%, due 5/1/54 (f) | 25,000,000 | 25,000,000 |
| 30,000,000 | ||
| Total Short-Term Municipal Notes (Cost $65,315,000) | 65,311,664 | |
| Total Municipal Bonds (Cost $1,337,037,269) | 1,341,214,851 | |
| Principal Amount | Value | ||
| Long-Term Bonds 1.4% | |||
| Corporate Bonds 1.4% | |||
| Commercial Services 0.6% | |||
| Toll Road Investors Partnership II LP | |||
| (zero coupon), due 2/15/32 (c) | $ 12,700,000 | $ 8,491,359 | |
| Healthcare-Services 0.8% | |||
| Lifespan Corp. | |||
| Series 2025 | |||
| 5.05%, due 2/15/30 | 5,000,000 | 5,006,514 | |
| Toledo Hospital (The) | |||
| Series B | |||
| 5.325%, due 11/15/28 | 5,250,000 | 5,251,657 | |
| 10,258,171 | |||
| Total Long-Term Bonds (Cost $19,110,300) | 18,749,530 | ||
| Shares | |||
| Closed-End Fund 1.0% | |||
| Multi-State 1.0% | |||
| BlackRock Municipal 2030 Target Term Trust | 603,853 | 13,526,307 | |
| Total Closed-End Fund (Cost $13,771,207) | 13,526,307 | ||
| Short-Term Investment 2.2% | |||
| Unaffiliated Investment Company 2.2% | |||
| BNY Dreyfus Government Cash Management - Institutional Shares, 3.552% (g) | 30,432,857 | 30,432,857 | |
| Total Short-Term Investment (Cost $30,432,857) | 30,432,857 | ||
| Total Investments (Cost $1,400,351,633) | 102.6% | 1,403,923,545 | |
| Other Assets, Less Liabilities | (2.6) | (34,991,842) | |
| Net Assets | 100.0% | $ 1,368,931,703 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| (a) | Coupon rate may change based on changes of the underlying collateral or prepayments of principal. Rate shown was the rate in effect as of July 31, 2026. |
| (b) | Interest on these securities is subject to alternative minimum tax. |
| (c) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (d) | Delayed delivery security. |
| (e) | Step coupon—Rate shown was the rate in effect as of July 31, 2026. |
| (f) | Variable-rate demand notes (VRDNs)—Provide the right to sell the security at face value on either that day or within the rate-reset period. VRDNs will normally trade as if the maturity is the earlier put date, even though stated maturity is longer. The interest rate is reset on the put date at a stipulated daily, weekly, monthly, quarterly, or other specified time interval to reflect current market conditions. These securities do not indicate a reference rate and spread in their description. The maturity date shown is the final maturity. |
| (g) | Current yield as of July 31, 2026. |
| Abbreviation(s): |
| AG—Assured Guaranty Ltd. |
| AMBAC—Ambac Assurance Corp. |
| BAM—Build America Mutual Assurance Co. |
| CR—Custodial Receipts |
| FHA—Federal Housing Administration |
| FHLMC—Federal Home Loan Mortgage Corp. |
| FNMA—Federal National Mortgage Association |
| GNMA—Government National Mortgage Association |
| HUD—Housing and Urban Development |
| NATL-RE—National Public Finance Guarantee Corp. |
| PSF-GTD—Permanent School Fund Guaranteed |
| SD CRED PROG—School District Credit Enhancement Program |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Municipal Bonds | |||||||
| Long-Term Municipal Bonds | $ — | $ 1,275,903,187 | $ — | $ 1,275,903,187 | |||
| Short-Term Municipal Notes | — | 65,311,664 | — | 65,311,664 | |||
| Total Municipal Bonds | — | 1,341,214,851 | — | 1,341,214,851 | |||
| Long-Term Bonds | |||||||
| Corporate Bonds | — | 18,749,530 | — | 18,749,530 | |||
| Total Corporate Bonds | — | 18,749,530 | — | 18,749,530 | |||
| Closed-End Fund | 13,526,307 | — | — | 13,526,307 | |||
| Short-Term Investment | |||||||
| Unaffiliated Investment Company | 30,432,857 | — | — | 30,432,857 | |||
| Total Investments in Securities | $ 43,959,164 | $ 1,359,964,381 | $ — | $ 1,403,923,545 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Principal Amount | Value | |
| Municipal Bonds 99.9% | ||
| Long-Term Municipal Bonds 96.6% | ||
| Alabama 6.9% | ||
| Alabama Housing Finance Authority, Single-Family Mortgage, Revenue Bonds | ||
| Series D, Insured: GNMA / FNMA / FHLMC | ||
| 5.75%, due 10/1/55 | $ 1,470,000 | $ 1,576,630 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 5.75%, due 4/1/56 | 1,455,000 | 1,567,081 |
| Alabama Special Care Facilities Financing Authority, Children's Hospital, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/41 | 1,750,000 | 1,863,937 |
| Baldwin County Industrial Development Authority, Novelis Corp. Project, Revenue Bonds (a)(b)(c) | ||
| Series A | ||
| 4.30%, due 3/1/56 | 4,420,000 | 4,384,897 |
| Series B | ||
| 4.625%, due 6/1/55 | 4,420,000 | 4,475,186 |
| Series A | ||
| 5.00%, due 6/1/55 | 2,000,000 | 2,061,788 |
| Black Belt Energy Gas District, Gas Project No. 7, Revenue Bonds | ||
| Series C-2 | ||
| 2.51%, due 10/1/52 | 1,585,000 | 1,584,318 |
| Black Belt Energy Gas District, Gas Project, Revenue Bonds | ||
| Series B | ||
| 2.81%, due 4/1/53 | 700,000 | 696,222 |
| Series H-2-2 | ||
| 3.795%, due 12/1/31 | 5,750,000 | 5,738,521 |
| Series B-1 | ||
| 4.00%, due 4/1/53 (c) | 640,000 | 644,324 |
| Series C | ||
| 5.00%, due 7/1/28 | 1,625,000 | 1,668,457 |
| Series G | ||
| 5.00%, due 6/1/31 | 8,000,000 | 8,353,197 |
| Series D | ||
| 5.00%, due 8/1/33 | 4,750,000 | 4,985,776 |
| Series A | ||
| 5.00%, due 12/1/34 | 5,250,000 | 5,431,037 |
| Series B | ||
| 5.00%, due 12/1/34 | 7,250,000 | 7,618,227 |
| Series B | ||
| 5.00%, due 10/1/35 | 3,230,000 | 3,245,314 |
| Series F | ||
| 5.00%, due 6/1/36 | 6,000,000 | 6,129,785 |
| Series J | ||
| 5.00%, due 11/1/36 | 2,000,000 | 2,065,638 |
| Series D | ||
| 5.00%, due 12/1/55 (c) | 13,680,000 | 14,231,076 |
| Series E | ||
| 5.00%, due 12/1/55 (c) | 3,500,000 | 3,622,160 |
| Series C-1 | ||
| 5.25%, due 12/1/26 | 1,850,000 | 1,861,083 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Alabama | ||
| Black Belt Energy Gas District, Gas Project, Revenue Bonds | ||
| Series B-2 | ||
| 5.25%, due 12/1/53 (c) | $ 7,300,000 | $ 7,765,163 |
| Series A | ||
| 5.25%, due 5/1/55 (c) | 1,000,000 | 1,022,828 |
| Series F | ||
| 5.50%, due 11/1/53 (c) | 1,600,000 | 1,663,616 |
| Black Belt Energy Gas District, Gas Project No. 6, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 10/1/52 (c) | 9,575,000 | 9,659,406 |
| Chilton County Board of Education, Special Tax | ||
| Insured: BAM | ||
| 4.625%, due 2/1/52 | 1,000,000 | 985,160 |
| Insured: BAM | ||
| 4.75%, due 2/1/56 | 3,540,000 | 3,493,306 |
| Insured: BAM | ||
| 5.00%, due 2/1/37 | 400,000 | 434,913 |
| City of Gadsden, Unlimited General Obligation | ||
| Series A, Insured: BAM | ||
| 5.00%, due 9/30/41 | 450,000 | 480,167 |
| Series A, Insured: BAM | ||
| 5.00%, due 10/1/43 | 1,480,000 | 1,566,370 |
| Energy Southeast, A Cooperative District Energy Supply, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 6/1/27 | 200,000 | 202,488 |
| Series B | ||
| 5.00%, due 6/1/28 | 685,000 | 702,447 |
| Series B | ||
| 5.00%, due 12/1/30 | 630,000 | 653,971 |
| Series B | ||
| 5.00%, due 9/1/33 | 11,500,000 | 11,607,796 |
| Series B | ||
| 5.25%, due 7/1/54 (c) | 4,685,000 | 4,970,092 |
| Series A-1 | ||
| 5.50%, due 11/1/53 (c) | 1,770,000 | 1,870,148 |
| Energy Southeast A Cooperative District, Revenue Bonds | ||
| Series A-2 | ||
| 3.965%, due 4/1/34 | 6,000,000 | 6,009,208 |
| Series B | ||
| 5.00%, due 11/1/33 | 8,680,000 | 9,089,791 |
| Prichard Water Works & Sewer Board, Revenue Bonds | ||
| 2.375%, due 11/1/28 (d)(e) | 205,000 | 129,150 |
| Southeast Alabama Gas Supply District (The), Revenue Bonds | ||
| Series A | ||
| 5.00%, due 8/1/54 (c) | 7,500,000 | 7,852,279 |
| Southeast Energy Authority A Cooperative District, Revenue Bonds | ||
| Series E | ||
| 5.00%, due 10/1/30 | 2,500,000 | 2,651,147 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Alabama | ||
| Southeast Energy Authority A Cooperative District, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/33 | $ 1,000,000 | $ 1,007,805 |
| Series A | ||
| 5.00%, due 6/1/35 | 1,775,000 | 1,770,810 |
| Series C | ||
| 5.00%, due 5/1/55 (c) | 2,870,000 | 3,028,092 |
| Series C | ||
| 5.00%, due 10/1/55 (c) | 3,750,000 | 3,919,003 |
| Series A | ||
| 5.00%, due 1/1/56 (c) | 1,265,000 | 1,270,801 |
| Series B | ||
| 5.25%, due 3/1/55 (c) | 1,370,000 | 1,397,438 |
| Southeast Energy Authority A Cooperative District, Project No. 4, Revenue Bonds | ||
| Series B-1 | ||
| 5.00%, due 5/1/53 (c) | 4,560,000 | 4,686,127 |
| Southeast Energy Authority A Cooperative District, Project No. 3, Revenue Bonds | ||
| Series A-1 | ||
| 5.50%, due 1/1/53 (c) | 1,600,000 | 1,691,686 |
| State of Alabama, Docks Department, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 10/1/28 (b) | 1,000,000 | 1,017,410 |
| Tuscaloosa County Industrial Development Authority, Hunt Refining Project, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 5/1/44 (a) | 9,991,430 | 10,126,338 |
| 186,529,610 | ||
| Alaska 0.8% | ||
| Alaska Municipal Bond Bank Authority, Unlimited General Obligation (b) | ||
| Series 3 | ||
| 5.25%, due 12/1/39 | 1,085,000 | 1,145,942 |
| Series 3 | ||
| 5.25%, due 12/1/41 | 1,205,000 | 1,264,494 |
| Series 3 | ||
| 5.25%, due 12/1/42 | 1,270,000 | 1,333,099 |
| Series 3 | ||
| 5.25%, due 12/1/43 | 1,340,000 | 1,399,696 |
| Alaska Railroad Corp., Revenue Bonds (b) | ||
| Insured: AG | ||
| 5.50%, due 10/1/32 | 700,000 | 774,564 |
| Insured: AG | ||
| 5.50%, due 10/1/34 | 2,595,000 | 2,922,626 |
| Insured: AG | ||
| 5.50%, due 10/1/37 | 1,000,000 | 1,114,322 |
| Insured: AG | ||
| 5.50%, due 10/1/38 | 3,215,000 | 3,556,554 |
| Insured: AG | ||
| 5.50%, due 10/1/41 | 1,000,000 | 1,079,512 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Alaska | ||
| Alaska Railroad Corp., Revenue Bonds (b) | ||
| Insured: AG | ||
| 5.50%, due 10/1/43 | $ 2,000,000 | $ 2,140,234 |
| Municipality of Anchorage, Revenue Bonds (b) | ||
| Series A, Insured: AG | ||
| 5.25%, due 2/1/41 | 2,775,000 | 2,946,653 |
| Series A, Insured: AG | ||
| 5.25%, due 2/1/44 | 1,745,000 | 1,837,038 |
| 21,514,734 | ||
| Arizona 2.3% | ||
| Arizona Board of Regents, Arizona State University SPEED, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 8/1/45 | 1,410,000 | 1,488,461 |
| Arizona Industrial Development Authority, Copper World LLC Project, Revenue Bonds | ||
| Series A | ||
| 4.50%, due 7/1/46 (a)(b)(c) | 1,500,000 | 1,496,274 |
| Arizona Industrial Development Authority, Equitable School Revolving Fund LLC, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/1/41 | 1,700,000 | 1,762,231 |
| Series A | ||
| 5.00%, due 11/1/43 | 1,800,000 | 1,861,825 |
| Arizona Industrial Development Authority, Cottonwood Ranch Apartments LP, Revenue Bonds | ||
| 5.00%, due 1/1/42 (c) | 3,000,000 | 3,013,797 |
| Arizona Industrial Development Authority, Glendale Senior Project, Revenue Bonds | ||
| Series A, Insured: HUD Sector 8 | ||
| 5.00%, due 10/1/44 (c) | 2,000,000 | 2,000,868 |
| Chandler Industrial Development Authority, Intel Corp. Project, Revenue Bonds (b)(c) | ||
| 4.00%, due 6/1/49 | 2,200,000 | 2,217,618 |
| Series 1 | ||
| 5.00%, due 9/1/42 | 500,000 | 504,720 |
| City of Goodyear, Water & Sewer, Revenue Bonds, Sub. Lien | ||
| Insured: AG | ||
| 5.00%, due 7/1/42 | 3,180,000 | 3,375,121 |
| Insured: AG | ||
| 5.00%, due 7/1/43 | 1,825,000 | 1,931,918 |
| City of Mesa, Utility System, Revenue Bonds, Junior Lien | ||
| Series A, Insured: BAM | ||
| 5.00%, due 7/1/30 | 1,050,000 | 1,131,540 |
| City of Mesa, Unlimited General Obligation | ||
| 5.00%, due 7/1/42 | 1,500,000 | 1,607,035 |
| City of Peoria, Unlimited General Obligation | ||
| 2.00%, due 7/15/34 | 2,120,000 | 1,808,543 |
| City of Peoria, Water & Wastewater, Revenue Bonds | ||
| 5.00%, due 7/15/45 | 1,630,000 | 1,738,114 |
| City of Tucson, Water System, Revenue Bonds | ||
| 5.00%, due 7/1/44 | 2,300,000 | 2,446,836 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Arizona | ||
| Estrella Mountain Ranch Community Facilities District, Montecito Assessment District No. 4, Special Assessment | ||
| 4.60%, due 7/1/35 | $ 700,000 | $ 694,972 |
| Glendale Industrial Development Authority, Royal Oaks Life Care Community, Revenue Bonds | ||
| 4.00%, due 5/15/28 | 620,000 | 618,241 |
| Glendale Industrial Development Authority, Midwestern University Foundation, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/46 (b) | 1,850,000 | 1,769,466 |
| Industrial Development Authority of the City of Phoenix Arizona (The), Broadway Farms at Hurley Station Phase I Project, Revenue Bonds | ||
| 3.10%, due 2/1/59 (c) | 1,500,000 | 1,499,048 |
| Industrial Development Authority of the City of Phoenix Arizona (The), Great Hearts Academies Projects, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/36 | 1,565,000 | 1,567,519 |
| Series A | ||
| 5.00%, due 7/1/46 | 1,835,000 | 1,796,819 |
| Industrial Development Authority of the County of Yavapai (The), Arizona Agribusiness and Equine Center, Inc., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 9/1/34 (a) | 695,000 | 695,026 |
| Maricopa County & Phoenix Industrial Development Authorities, Revenue Bonds | ||
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 3/1/55 | 2,255,000 | 2,479,876 |
| Maricopa County Industrial Development Authority, Waste Management, Inc. Project, Revenue Bonds | ||
| 4.25%, due 12/1/31 (b)(c) | 5,000,000 | 5,038,805 |
| Maricopa County Industrial Development Authority, Verrado Marketplace Project, Revenue Bonds | ||
| 4.375%, due 5/1/33 (a) | 2,500,000 | 2,434,142 |
| Maricopa County Industrial Development Authority, Banner Health, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/32 | 2,000,000 | 2,017,720 |
| Series A | ||
| 5.00%, due 1/1/34 | 3,000,000 | 3,287,461 |
| Maricopa County Union High School District No. 210, Phoenix, Project of 2023, Unlimited General Obligation | ||
| Series B | ||
| 5.00%, due 7/1/32 | 1,000,000 | 1,103,586 |
| Maricopa County Union High School District No. 216, Agua Fria, Project of 2024, Unlimited General Obligation | ||
| Series B | ||
| 5.00%, due 7/1/44 | 2,250,000 | 2,400,866 |
| Pinal County Industrial Development Authority, WOF SW GGP 1 LLC, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 10/1/33 (a)(b)(f) | 1,000,000 | 1,048,098 |
| Salt River Project Agricultural Improvement & Power District, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/43 | 1,690,000 | 1,788,432 |
| Tempe Industrial Development Authority, Friendship Village of Tempe Project, Revenue Bonds | ||
| Series B-2 | ||
| 3.50%, due 12/1/30 | 2,000,000 | 1,978,413 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Arizona | ||
| Tucson Industrial Development Authority, Revenue Bonds | ||
| Series A-1, Insured: GNMA | ||
| 5.50%, due 1/1/56 | $ 1,150,000 | $ 1,232,289 |
| 61,835,680 | ||
| Arkansas 0.8% | ||
| Arkansas Development Finance Authority, Weyerhaeuser Co. Project, Revenue Bonds | ||
| 3.875%, due 10/15/65 (b)(c) | 2,250,000 | 2,246,296 |
| Arkansas Development Finance Authority, United States Steel Corp. Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 9/1/46 (a)(b)(c) | 13,290,000 | 13,254,607 |
| Arkansas Development Finance Authority, Motgage-Backed Securities, Revenue Bonds | ||
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 5.50%, due 1/1/56 | 1,010,000 | 1,080,043 |
| Arkansas Technical University, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 2.00%, due 5/1/39 | 320,000 | 229,189 |
| Bentonville School District No. 6, Unlimited General Obligation | ||
| Series D, Insured: State Aid Withholding | ||
| 2.00%, due 6/1/35 | 1,340,000 | 1,101,280 |
| City of West Memphis, Public Utility System, Revenue Bonds | ||
| Insured: BAM | ||
| 5.00%, due 12/1/33 | 450,000 | 479,166 |
| Insured: BAM | ||
| 5.00%, due 12/1/34 | 470,000 | 497,599 |
| Little Rock School District, Limited General Obligation | ||
| Series A, Insured: AG State Aid Withholding | ||
| 2.00%, due 2/1/36 | 2,000,000 | 1,591,705 |
| 20,479,885 | ||
| California 7.2% | ||
| Burbank-Glendale-Pasadena Airport Authority, Brick Campaign, Revenue Bonds, Senior Lien (b) | ||
| Series B | ||
| 5.00%, due 7/1/33 | 1,500,000 | 1,639,069 |
| Series B | ||
| 5.00%, due 7/1/38 | 1,655,000 | 1,772,078 |
| Series B, Insured: AG | ||
| 5.25%, due 7/1/40 | 2,100,000 | 2,296,878 |
| Series B, Insured: AG | ||
| 5.25%, due 7/1/46 | 3,250,000 | 3,443,528 |
| Burbank-Glendale-Pasadena Airport Authority, Brick Campaign, Revenue Bonds | ||
| Series B, Insured: AG | ||
| 5.25%, due 7/1/42 (b) | 2,500,000 | 2,707,116 |
| California Community Choice Financing Authority, Clean Energy Project, Revenue Bonds | ||
| Series A-2 | ||
| 3.895%, due 4/1/56 | 4,995,000 | 4,964,028 |
| Series B | ||
| 5.00%, due 3/1/36 | 2,270,000 | 2,331,427 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| California Community Choice Financing Authority, Clean Energy Project, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 1/1/55 (c) | $ 1,530,000 | $ 1,562,199 |
| Series C | ||
| 5.00%, due 8/1/55 (c) | 6,235,000 | 6,410,358 |
| Series C | ||
| 5.00%, due 12/1/55 (c) | 4,000,000 | 4,120,656 |
| Series B | ||
| 5.00%, due 3/1/56 (c) | 1,250,000 | 1,305,902 |
| Series C | ||
| 5.25%, due 1/1/54 (c) | 9,245,000 | 9,694,217 |
| Series G-1 | ||
| 5.25%, due 11/1/54 (c) | 2,330,000 | 2,433,270 |
| California Community Choice Financing Authority, Revenue Bonds | ||
| Series G | ||
| 5.00%, due 10/1/34 | 4,240,000 | 4,486,133 |
| California Enterprise Development Authority, Campbell Hall Episcopal Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 8/1/40 | 1,480,000 | 1,439,024 |
| California Infrastructure & Economic Development Bank, J Paul Getty Trust (The), Revenue Bonds | ||
| Series B-2 | ||
| 3.00%, due 10/1/47 (c) | 1,035,000 | 1,034,913 |
| California Municipal Finance Authority, Revenue Bonds (c) | ||
| Series 1, Class A-1 | ||
| 3.537%, due 2/20/41 | 6,512,186 | 5,899,492 |
| Series 1, Class A-1 | ||
| 4.05%, due 7/20/41 | 4,982,576 | 4,708,441 |
| Series 2, Class A-1 | ||
| 4.326%, due 11/20/40 | 2,832,124 | 2,758,295 |
| California Municipal Finance Authority, United Airlines, Inc. Project, Revenue Bonds | ||
| 4.00%, due 7/15/29 (b) | 2,500,000 | 2,514,145 |
| California Municipal Finance Authority, Plummer Village Apartments, Revenue Bonds | ||
| Series A, Insured: FHLMC | ||
| 4.25%, due 7/1/42 | 1,000,000 | 958,519 |
| California Municipal Finance Authority, LINXS APM Project, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.00%, due 12/31/31 (b) | 1,240,000 | 1,272,263 |
| California Municipal Finance Authority, CHF-Davis I LLC - West Village Student Housing Project, Revenue Bonds | ||
| 5.00%, due 5/15/43 | 1,000,000 | 1,011,221 |
| California Municipal Finance Authority, California Baptist University, Revenue Bonds | ||
| Series A | ||
| 5.125%, due 11/1/40 (a) | 250,000 | 254,020 |
| California Municipal Finance Authority, Palomar Health Obligated Group, Certificate of Participation | ||
| Series A, Insured: AG | ||
| 5.25%, due 11/1/36 | 1,300,000 | 1,342,191 |
| California School Finance Authority, Classical Academies Oceanside Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 10/1/27 (a) | 470,000 | 470,718 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| California School Finance Authority, Sonoma County Junior College District Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 11/1/41 (a) | $ 240,000 | $ 214,834 |
| California School Finance Authority, Classical Academies Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/32 (a) | 2,155,000 | 2,172,552 |
| California Statewide Communities Development Authority, Oak Park Apartments Project, Revenue Bonds, Senior Lien | ||
| Series H, Insured: FNMA | ||
| 4.25%, due 9/1/67 (c) | 1,000,000 | 995,693 |
| California Statewide Communities Development Authority, Community Infrastructure Program, Special Assessment | ||
| Series D | ||
| 4.75%, due 9/2/33 | 230,000 | 231,274 |
| California Statewide Communities Development Authority, Kaiser Foundation Hospitals, Revenue Bonds | ||
| Series M | ||
| 5.00%, due 4/1/38 (c) | 1,000,000 | 1,060,942 |
| California Statewide Financing Authority, TSR Multi-County Special Purpose Trust, Revenue Bonds | ||
| Series A | ||
| 6.00%, due 5/1/43 | 1,000,000 | 1,017,901 |
| Ceres Unified School District, Certificate of Participation | ||
| Insured: BAM | ||
| 5.00%, due 6/1/44 | 1,215,000 | 1,306,642 |
| City of Beaumont, Community Facilities District No. 2021-1, Special Tax | ||
| Series 1 | ||
| 5.00%, due 9/1/39 | 400,000 | 411,591 |
| City of Corona, Community Facilities District No. 2018-2, Special Tax | ||
| Series A | ||
| 5.00%, due 9/1/29 | 100,000 | 104,674 |
| City of Los Angeles, Department of Airports, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 5/15/41 (b) | 7,000,000 | 6,629,347 |
| Series E | ||
| 5.00%, due 5/15/41 | 5,760,000 | 6,310,703 |
| Series A | ||
| 5.25%, due 5/15/42 (b) | 1,395,000 | 1,499,656 |
| Series A | ||
| 5.25%, due 5/15/44 (b) | 3,150,000 | 3,356,364 |
| City of San Mateo, Community Facilities District No. 2008-1, Special Tax | ||
| Series 1, Insured: BAM | ||
| 5.25%, due 9/1/35 | 1,000,000 | 1,107,978 |
| County of Los Angeles Community Facilities District No. 2021-01, Improvement Area No. 1, Special Tax | ||
| 5.00%, due 9/1/27 | 100,000 | 102,201 |
| 5.00%, due 9/1/30 | 175,000 | 184,548 |
| 5.00%, due 9/1/32 | 175,000 | 184,907 |
| County of Sacramento, Airport System, Revenue Bonds (b) | ||
| Series A | ||
| 5.00%, due 7/1/36 | 1,255,000 | 1,361,977 |
| Series A | ||
| 5.00%, due 7/1/37 | 1,895,000 | 2,041,412 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| Foothill-De Anza Community College District, Election of 1999, Unlimited General Obligation | ||
| Series B, Insured: NATL-RE FGIC | ||
| (zero coupon), due 8/1/29 | $ 1,045,000 | $ 962,958 |
| Los Angeles Department of Water & Power, Water System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/28 | 310,000 | 319,631 |
| Series B | ||
| 5.00%, due 7/1/28 | 525,000 | 546,945 |
| Series A | ||
| 5.00%, due 7/1/30 | 850,000 | 856,629 |
| Series B | ||
| 5.00%, due 7/1/30 | 1,490,000 | 1,541,949 |
| Series B | ||
| 5.00%, due 7/1/34 | 1,750,000 | 1,925,987 |
| Series A | ||
| 5.00%, due 7/1/35 | 555,000 | 566,195 |
| Series C | ||
| 5.00%, due 7/1/40 | 2,000,000 | 2,134,782 |
| Series C, Insured: BAM | ||
| 5.00%, due 7/1/42 | 1,000,000 | 1,062,124 |
| Los Angeles Department of Water & Power, Power System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/29 | 1,000,000 | 1,055,937 |
| Series D | ||
| 5.00%, due 7/1/29 | 1,100,000 | 1,161,530 |
| Series E | ||
| 5.00%, due 7/1/29 | 2,000,000 | 2,111,873 |
| Series A | ||
| 5.00%, due 7/1/30 | 270,000 | 281,405 |
| Series C | ||
| 5.00%, due 7/1/30 | 2,300,000 | 2,439,187 |
| Series D | ||
| 5.00%, due 7/1/30 | 1,915,000 | 1,981,767 |
| Series C | ||
| 5.00%, due 7/1/31 | 535,000 | 578,391 |
| Series D | ||
| 5.00%, due 7/1/32 | 820,000 | 857,209 |
| Series E | ||
| 5.00%, due 7/1/32 | 655,000 | 713,973 |
| Series A | ||
| 5.00%, due 7/1/33 | 500,000 | 511,273 |
| Series A | ||
| 5.00%, due 7/1/33 | 1,980,000 | 2,172,494 |
| Series B | ||
| 5.00%, due 7/1/33 | 720,000 | 724,867 |
| Series B | ||
| 5.00%, due 7/1/33 | 420,000 | 458,186 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| Los Angeles Department of Water & Power, Power System, Revenue Bonds | ||
| Series E | ||
| 5.00%, due 7/1/33 | $ 2,750,000 | $ 3,017,353 |
| Series A | ||
| 5.00%, due 7/1/34 | 1,155,000 | 1,230,831 |
| Series B | ||
| 5.00%, due 7/1/34 | 540,000 | 558,285 |
| Series B | ||
| 5.00%, due 7/1/34 | 460,000 | 478,649 |
| Series A | ||
| 5.00%, due 7/1/35 | 425,000 | 433,573 |
| Series B | ||
| 5.00%, due 7/1/35 | 310,000 | 319,856 |
| Series B | ||
| 5.00%, due 7/1/35 | 680,000 | 717,073 |
| Series A | ||
| 5.00%, due 7/1/36 | 515,000 | 517,761 |
| Series C | ||
| 5.00%, due 7/1/36 | 1,000,000 | 1,080,200 |
| Series D | ||
| 5.00%, due 7/1/36 | 220,000 | 227,756 |
| Series B | ||
| 5.00%, due 7/1/38 | 2,195,000 | 2,328,221 |
| Series A | ||
| 5.00%, due 7/1/39 | 275,000 | 281,113 |
| Series E | ||
| 5.00%, due 7/1/39 | 1,575,000 | 1,667,097 |
| Series C | ||
| 5.00%, due 7/1/42 | 1,500,000 | 1,574,903 |
| Series C | ||
| 5.00%, due 7/1/42 | 3,500,000 | 3,704,067 |
| Series A | ||
| 5.00%, due 7/1/43 | 1,130,000 | 1,193,840 |
| Series C | ||
| 5.00%, due 7/1/45 | 3,000,000 | 3,138,573 |
| Series A | ||
| 5.00%, due 7/1/46 | 5,350,000 | 5,570,613 |
| Series B | ||
| 5.00%, due 7/1/48 | 215,000 | 218,053 |
| Madera Unified School District, Election of 2018, Unlimited General Obligation | ||
| 4.00%, due 8/1/44 | 100,000 | 95,978 |
| Northern California Energy Authority, Revenue Bonds | ||
| 5.00%, due 8/1/28 | 1,250,000 | 1,286,010 |
| Oakland Unified School District, Election of 2020, Unlimited General Obligation | ||
| Series A, Insured: BAM | ||
| 4.00%, due 8/1/46 | 500,000 | 474,179 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| Palomar Health, Unlimited General Obligation | ||
| Series B | ||
| 4.00%, due 8/1/33 | $ 475,000 | $ 462,429 |
| San Diego County Regional Airport Authority, Revenue Bonds, Senior Lien (b) | ||
| Series B | ||
| 5.25%, due 7/1/38 | 1,000,000 | 1,080,458 |
| Series B | ||
| 5.25%, due 7/1/41 | 1,700,000 | 1,836,264 |
| San Francisco City & County Airport Commission, San Francisco International Airport, Revenue Bonds, Second Series (b) | ||
| Series C | ||
| 5.00%, due 5/1/33 | 6,000,000 | 6,537,136 |
| Series A | ||
| 5.00%, due 5/1/39 | 2,890,000 | 3,050,529 |
| Series A | ||
| 5.25%, due 5/1/42 | 3,960,000 | 4,227,326 |
| Series A | ||
| 5.25%, due 5/1/44 | 2,840,000 | 3,001,768 |
| San Joaquin Hills Transportation Corridor Agency, Revenue Bonds, Junior Lien | ||
| Series B | ||
| 5.25%, due 1/15/44 | 700,000 | 700,252 |
| Series B | ||
| 5.25%, due 1/15/49 | 500,000 | 500,167 |
| San Joaquin Valley Clean Energy Authority, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 1/1/56 (c) | 1,000,000 | 1,079,230 |
| Saratoga Union School District, Unlimited General Obligation | ||
| Insured: NATL-RE | ||
| (zero coupon), due 9/1/26 | 1,925,000 | 1,921,226 |
| Southern California Public Power Authority, Apex Power Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/31 | 720,000 | 778,395 |
| Southern California Public Power Authority, Southern Transmission System Renewal Project, Revenue Bonds | ||
| Series 1-A | ||
| 5.00%, due 7/1/33 | 1,240,000 | 1,360,552 |
| Series 1 | ||
| 5.00%, due 7/1/35 | 600,000 | 650,978 |
| Series 1 | ||
| 5.00%, due 7/1/36 | 400,000 | 435,371 |
| Series 1-A | ||
| 5.00%, due 7/1/38 | 515,000 | 549,026 |
| Series 1 | ||
| 5.00%, due 7/1/42 | 3,000,000 | 3,200,831 |
| Series 2 | ||
| 5.00%, due 7/1/53 (c) | 2,000,000 | 2,083,974 |
| Series 1, Insured: BAM | ||
| 5.25%, due 7/1/41 | 2,000,000 | 2,178,961 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| California | ||
| Westminster Redevelopment Agency, Commercial Redevelopment Project No. 1, Tax Allocation | ||
| Insured: BAM | ||
| 3.00%, due 11/1/41 | $ 1,510,000 | $ 1,220,466 |
| 195,059,912 | ||
| Colorado 3.2% | ||
| Adams 12 Five Star Schools, Unlimited General Obligation | ||
| Insured: State Aid Withholding | ||
| 5.25%, due 12/15/42 | 6,000,000 | 6,609,554 |
| Arapahoe County School District No. 5, Cherry Creek, Unlimited General Obligation | ||
| Series B, Insured: State Aid Withholding | ||
| 2.00%, due 12/15/26 | 500,000 | 497,735 |
| Arista Metropolitan District, Limited General Obligation | ||
| Series A, Insured: BAM | ||
| 5.00%, due 12/1/38 | 1,500,000 | 1,590,898 |
| Arkansas River Power Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/38 | 2,000,000 | 2,025,255 |
| Baseline Metropolitan District No. 1, Unlimited General Obligation | ||
| Series A, Insured: AG | ||
| 4.25%, due 12/1/54 | 940,000 | 845,019 |
| Canyons Metropolitan District No. 5, Limited General Obligation | ||
| Series A, Insured: BAM | ||
| 5.00%, due 12/1/49 | 1,500,000 | 1,514,953 |
| City & County of Denver, Pledged Excise Tax, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 8/1/44 | 1,000,000 | 1,000,566 |
| City & County of Denver, Airport System, Revenue Bonds | ||
| Series D | ||
| 5.75%, due 11/15/41 (b) | 1,715,000 | 1,863,941 |
| City of Boulder, Certificate of Participation | ||
| 5.00%, due 11/1/41 | 3,280,000 | 3,532,886 |
| 5.00%, due 11/1/42 | 2,000,000 | 2,142,294 |
| Colorado Bridge & Tunnel Enterprise, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.25%, due 12/1/49 | 1,000,000 | 1,057,690 |
| Colorado Educational & Cultural Facilities Authority, Liberty Common School Project, Revenue Bonds | ||
| Series A, Insured: BAM Moral Obligation | ||
| 5.00%, due 1/15/36 | 355,000 | 380,421 |
| Series A, Insured: BAM Moral Obligation | ||
| 5.00%, due 1/15/38 | 325,000 | 344,788 |
| Series A, Insured: BAM Moral Obligation | ||
| 5.00%, due 1/15/44 | 1,250,000 | 1,284,072 |
| Series A, Insured: BAM Moral Obligation | ||
| 5.00%, due 1/15/49 | 1,915,000 | 1,938,793 |
| Colorado Health Facilities Authority, AdventHealth Obligated Group, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 11/15/43 | 3,500,000 | 3,279,531 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Colorado | ||
| Colorado Health Facilities Authority, AdventHealth Obligated Group, Revenue Bonds | ||
| Series A-1 | ||
| 5.00%, due 11/15/59 (c) | $ 1,000,000 | $ 1,061,512 |
| Colorado Health Facilities Authority, CommonSpirit Health, Revenue Bonds | ||
| Series A-1 | ||
| 4.00%, due 8/1/44 | 250,000 | 228,222 |
| Series A-1, Insured: BAM | ||
| 5.00%, due 8/1/35 | 180,000 | 186,692 |
| Series A | ||
| 5.25%, due 11/1/37 | 1,450,000 | 1,559,363 |
| Colorado Health Facilities Authority, Intermountain Healthcare, Inc., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 5/15/31 | 1,550,000 | 1,677,714 |
| Colorado Health Facilities Authority, Frasier, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 5/15/38 | 420,000 | 438,627 |
| Colorado Housing and Finance Authority, Revenue Bonds | ||
| Series J, Class III, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 5/1/55 | 1,495,000 | 1,651,348 |
| County of Routt, Yampa Valley Regional Airport, Revenue Bonds (b) | ||
| 5.00%, due 6/1/35 | 350,000 | 374,387 |
| 5.00%, due 6/1/38 | 530,000 | 558,952 |
| 5.00%, due 6/1/41 | 295,000 | 304,614 |
| 5.25%, due 6/1/44 | 200,000 | 208,663 |
| Denver City & County School District No. 1, Unlimited General Obligation | ||
| Series A, Insured: State Aid Withholding | ||
| 5.25%, due 12/1/38 | 4,000,000 | 4,478,516 |
| Series C, Insured: State Aid Withholding | ||
| 5.50%, due 12/1/47 | 1,500,000 | 1,634,314 |
| Douglas County School District No. Re-1, Douglas & Elbert Counties, Unlimited General Obligation | ||
| Insured: State Aid Withholding | ||
| 5.50%, due 12/15/40 | 3,000,000 | 3,427,801 |
| Insured: State Aid Withholding | ||
| 5.50%, due 12/15/44 | 3,000,000 | 3,358,680 |
| Insured: State Aid Withholding | ||
| 5.50%, due 12/15/45 | 2,300,000 | 2,557,652 |
| E-470 Public Highway Authority, Revenue Bonds | ||
| Series A-2 | ||
| (zero coupon), due 9/1/37 | 3,500,000 | 2,204,058 |
| E-470 Public Highway Authority, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.00%, due 9/1/40 | 1,000,000 | 1,073,374 |
| Eagle County Airport Terminal Corp., Airport Terminal Project, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 5/1/41 (b) | 1,000,000 | 1,001,418 |
| Eagle County Housing & Development Authority, Eagle Villas Project, Revenue Bonds | ||
| 3.55%, due 12/1/45 (c) | 1,000,000 | 1,002,325 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Colorado | ||
| Fiddlers Business Improvement District, Unlimited General Obligation | ||
| 5.00%, due 12/1/32 (a) | $ 195,000 | $ 199,467 |
| Ground Water Management Subdistrict of Central Colorado, Water Conservancy District, Limited General Obligation | ||
| Insured: BAM | ||
| 4.00%, due 12/1/40 | 250,000 | 235,110 |
| Gunnison County Housing Authority, Whetstone Housing Project, Revenue Bonds | ||
| Insured: BAM | ||
| 5.00%, due 6/1/37 | 1,640,000 | 1,758,481 |
| Insured: BAM | ||
| 5.00%, due 6/1/41 | 1,455,000 | 1,529,517 |
| Jefferson Center Metropolitan District No. 2, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/36 (a) | 1,000,000 | 987,576 |
| Metro Water Recovery, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 4/1/44 | 1,350,000 | 1,451,192 |
| Midtown Clear Creek Metropolitan District, Limited General Obligation | ||
| Series A, Insured: BAM | ||
| 5.50%, due 12/1/43 | 1,200,000 | 1,286,934 |
| Park Creek Metropolitan District, Revenue Bonds, Senior Lien | ||
| Series A, Insured: NATL-RE | ||
| 5.00%, due 12/1/26 | 1,300,000 | 1,308,067 |
| Park Creek Metropolitan District, Westerly Creek District Service Area, Tax Allocation, Senior Lien | ||
| Insured: AG | ||
| 5.00%, due 12/1/42 | 1,400,000 | 1,463,409 |
| Parterre Metropolitan District No. 5, Limited General Obligation | ||
| Series A | ||
| 5.875%, due 12/1/45 | 500,000 | 525,051 |
| Pitkin County School District No. 1, Aspen, Unlimited General Obligation | ||
| Insured: State Aid Withholding | ||
| 5.50%, due 12/1/42 | 1,000,000 | 1,128,712 |
| Insured: State Aid Withholding | ||
| 5.50%, due 12/1/44 | 765,000 | 856,866 |
| Prairie Center Metropolitan District No. 3, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/15/41 (a) | 1,615,000 | 1,615,639 |
| Prairie Point Community Authority Board Special Improvement District No. 1, Special Assessment | ||
| 5.00%, due 12/1/35 | 1,000,000 | 1,004,762 |
| 5.375%, due 12/1/40 | 1,000,000 | 1,007,788 |
| Ravenna Metropolitan District, Limited General Obligation | ||
| Insured: AG | ||
| 5.00%, due 12/1/38 | 1,400,000 | 1,471,236 |
| Insured: AG | ||
| 5.00%, due 12/1/43 | 1,750,000 | 1,816,417 |
| Reata South Metropolitan District, Limited General Obligation | ||
| 5.375%, due 12/1/37 | 1,000,000 | 1,003,587 |
| Regional Transportation District, Certificate of Participation | ||
| 5.00%, due 6/1/40 | 1,195,000 | 1,290,227 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Colorado | ||
| STC Metropolitan District No. 2, Limited General Obligation, Senior Lien | ||
| Series A-1, Insured: AG | ||
| 5.00%, due 12/1/29 | $ 745,000 | $ 789,622 |
| Series A-1, Insured: AG | ||
| 5.00%, due 12/1/37 | 1,000,000 | 1,057,573 |
| Series A-1, Insured: AG | ||
| 5.00%, due 12/1/40 | 1,150,000 | 1,195,667 |
| Town of Castle Rock, Certificate of Participation | ||
| 5.00%, due 12/1/38 | 1,000,000 | 1,092,996 |
| 5.25%, due 12/1/43 | 1,265,000 | 1,374,254 |
| VDW Metropolitan District No. 2, Limited General Obligation | ||
| Series A-2, Insured: BAM | ||
| 4.00%, due 12/1/45 | 580,000 | 532,644 |
| Village Metropolitan District (The), Special Revenue and Limited Property Tax, Limited General Obligation | ||
| 5.00%, due 12/1/40 | 1,000,000 | 994,759 |
| 87,874,181 | ||
| Connecticut 1.0% | ||
| Aquarion Water Authority, Water System, Revenue Bonds | ||
| Series E, Insured: BAM | ||
| (zero coupon), due 8/1/44 | 500,000 | 213,581 |
| Series D, Insured: BAM | ||
| 5.25%, due 8/1/41 | 1,250,000 | 1,367,581 |
| Series D, Insured: BAM | ||
| 5.25%, due 8/1/42 | 1,500,000 | 1,636,654 |
| Series A | ||
| 5.25%, due 8/1/45 | 1,430,000 | 1,550,509 |
| Series A | ||
| 5.25%, due 8/1/46 | 1,640,000 | 1,768,477 |
| City of New Haven, Unlimited General Obligation | ||
| Series A, Insured: BAM | ||
| 5.00%, due 8/1/31 | 1,200,000 | 1,281,376 |
| Connecticut Housing Finance Authority, Revenue Bonds | ||
| Series F-1 | ||
| 3.50%, due 11/15/43 | 485,000 | 484,334 |
| Connecticut State Health & Educational Facilities Authority, Nuvance Health Issue, Revenue Bonds | ||
| Series A, Insured: AG-CR | ||
| 2.125%, due 7/1/31 | 2,680,000 | 2,476,979 |
| Connecticut State Health & Educational Facilities Authority, Fairview Issue, Revenue Bonds | ||
| Series B-3 | ||
| 4.40%, due 12/15/31 | 1,000,000 | 1,002,421 |
| Connecticut State Health & Educational Facilities Authority, Hartford HealthCare Corp., Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 7/1/42 | 4,700,000 | 4,999,231 |
| Series A, Insured: AG | ||
| 5.00%, due 7/1/43 | 2,970,000 | 3,143,586 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Connecticut | ||
| Connecticut State Health & Educational Facilities Authority, Yale-New Haven Health Obligated Group, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 7/1/49 (c) | $ 2,150,000 | $ 2,266,782 |
| Hartford Stadium Authority, Stadium Authority Lease, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 2/1/36 | 215,000 | 215,136 |
| State of Connecticut, Transportation Infrastructure, Special Tax, Special Tax | ||
| Series A | ||
| 5.25%, due 7/1/40 | 1,500,000 | 1,619,179 |
| Series A | ||
| 5.25%, due 7/1/40 | 2,500,000 | 2,725,489 |
| 26,751,315 | ||
| Delaware 0.9% | ||
| Delaware State Economic Development Authority, NRG Energy Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 10/1/45 (c) | 3,965,000 | 3,903,805 |
| Delaware State Economic Development Authority, ACTS Retirement-Life Communities, Inc. Obligated Group, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 11/15/38 | 770,000 | 792,538 |
| Series B | ||
| 5.00%, due 11/15/43 | 3,010,000 | 3,066,092 |
| Delaware State Health Facilities Authority, Christiana Care Health System, Revenue Bonds | ||
| 5.25%, due 10/1/51 | 2,500,000 | 2,609,839 |
| Delaware State Housing Authority, Revenue Bonds | ||
| Series D, Insured: GNMA / FNMA / FHLMC | ||
| 5.50%, due 7/1/55 | 955,000 | 1,018,484 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 5.75%, due 1/1/55 | 1,430,000 | 1,534,802 |
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 1/1/56 | 1,745,000 | 1,896,829 |
| Delaware State Housing Authority, Revenue Bonds, Senior Lien | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 5.75%, due 1/1/56 | 1,925,000 | 2,077,365 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 5.75%, due 1/1/57 | 3,000,000 | 3,246,459 |
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 1/1/56 | 2,355,000 | 2,574,169 |
| Town of Bridgeville, Heritage Shores Special Development District, Special Tax | ||
| 5.25%, due 7/1/44 (a) | 1,050,000 | 1,052,463 |
| 23,772,845 | ||
| District of Columbia 0.6% | ||
| District of Columbia, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/45 | 3,500,000 | 3,726,700 |
| District of Columbia Housing Finance Agency, Lisner Senior Independent Owner LP, Revenue Bonds | ||
| 5.00%, due 10/1/41 (c) | 3,000,000 | 3,004,404 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| District of Columbia | ||
| Metropolitan Washington Airports Authority, Aviation, Revenue Bonds (b) | ||
| Series A | ||
| 5.00%, due 10/1/29 | $ 1,000,000 | $ 1,053,514 |
| Series A | ||
| 5.00%, due 10/1/38 | 2,000,000 | 2,130,447 |
| Series A | ||
| 5.25%, due 10/1/40 | 2,000,000 | 2,161,964 |
| Series A | ||
| 5.25%, due 10/1/42 | 2,000,000 | 2,139,672 |
| Series A | ||
| 5.50%, due 10/1/44 | 2,000,000 | 2,169,951 |
| 16,386,652 | ||
| Florida 5.2% | ||
| Alachua County Health Facilities Authority, Oak Hammock at the University of Florida, Inc. Project, Revenue Bonds | ||
| Series B-3 | ||
| 3.625%, due 10/1/30 | 1,390,000 | 1,390,087 |
| Ave Maria Stewardship Community District, Phase 4 Master Improvement Project Area, Special Assessment | ||
| Series A | ||
| 4.00%, due 5/1/42 | 1,500,000 | 1,358,776 |
| 4.50%, due 5/1/33 (a) | 100,000 | 100,732 |
| Capital Projects Finance Authority, PRG - UnionWest Properties LLC, Revenue Bonds, Senior Lien | ||
| Series A-1 | ||
| 5.25%, due 6/1/39 (a) | 1,875,000 | 1,691,002 |
| Capital Trust Agency, Inc., Advantage Academy of Hillsborough, Inc., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/15/39 | 500,000 | 484,861 |
| Capital Trust Authority Charter School, Mason Classical Academy Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/39 (a) | 1,000,000 | 983,143 |
| CFM Community Development District, Capital Improvement, Special Assessment | ||
| 2.875%, due 5/1/31 | 100,000 | 92,678 |
| Charlotte County Industrial Development Authority, Town & Country Utilities Project, Revenue Bonds | ||
| 5.125%, due 10/1/35 (b) | 580,000 | 585,172 |
| City of Clearwater, Water & Sewer, Revenue Bonds | ||
| 4.00%, due 12/1/37 | 2,305,000 | 2,300,820 |
| City of Gainesville, Utilities System, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 10/1/39 | 4,010,000 | 3,908,851 |
| Series A | ||
| 5.00%, due 10/1/44 | 535,000 | 547,282 |
| City of Hallandale Beach, Unlimited General Obligation | ||
| 3.00%, due 7/1/35 | 2,150,000 | 1,972,359 |
| City of Orlando, Camping World Stadium, Revenue Bonds | ||
| Insured: AG | ||
| 5.00%, due 11/1/38 | 1,000,000 | 1,074,495 |
| Insured: AG | ||
| 5.00%, due 11/1/39 | 1,000,000 | 1,068,047 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Florida | ||
| City of Orlando, Camping World Stadium, Revenue Bonds | ||
| Insured: AG | ||
| 5.00%, due 11/1/40 | $ 2,945,000 | $ 3,134,913 |
| Insured: AG | ||
| 5.25%, due 11/1/42 | 1,000,000 | 1,079,843 |
| Insured: AG | ||
| 5.25%, due 11/1/43 | 1,000,000 | 1,075,373 |
| City of Palmetto, Renaissance Arts and Education, Inc., Revenue Bonds | ||
| Series A | ||
| 4.25%, due 6/1/27 | 40,000 | 40,187 |
| Series A | ||
| 5.00%, due 6/1/32 | 100,000 | 103,144 |
| City of Port St. Lucie, Southwest Annexation Special Assessment District No. 1, Special Assessment | ||
| Insured: BAM | ||
| 3.00%, due 7/1/41 | 1,430,000 | 1,127,538 |
| Cobblestone Community Development District, Assessment Area Two, Special Assessment | ||
| Series 2 | ||
| 3.40%, due 5/1/27 (a) | 40,000 | 39,897 |
| Collier County Educational Facilities Authority, Ave Maria University, Inc., Revenue Bonds | ||
| 5.00%, due 6/1/29 | 1,065,000 | 1,087,201 |
| Collier County Industrial Development Authority, NCH Healthcare System Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 10/1/47 | 950,000 | 966,898 |
| County of Broward, Revenue Bonds | ||
| 3.00%, due 10/1/37 | 2,055,000 | 1,805,898 |
| County of Lee, Airport, Revenue Bonds (b) | ||
| 5.00%, due 10/1/35 | 3,000,000 | 3,229,893 |
| Series A-1 | ||
| 5.25%, due 10/1/38 | 1,500,000 | 1,641,225 |
| 5.25%, due 10/1/41 | 2,750,000 | 2,915,702 |
| 5.25%, due 10/1/42 | 5,250,000 | 5,546,215 |
| 5.25%, due 10/1/44 | 2,380,000 | 2,493,380 |
| County of Miami-Dade, Water & Sewer System, Revenue Bonds | ||
| Series B | ||
| 3.00%, due 10/1/34 | 1,000,000 | 935,665 |
| County of Miami-Dade, Seaport Department, Revenue Bonds | ||
| Series A-1, Insured: AG | ||
| 4.00%, due 10/1/39 (b) | 2,000,000 | 1,925,631 |
| County of Miami-Dade, Aviation, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/35 (b) | 1,500,000 | 1,619,301 |
| County of Pasco, Solid Waste Disposal & Resource Recovery System, Revenue Bonds (b) | ||
| Series A | ||
| 5.00%, due 10/1/41 | 1,220,000 | 1,280,605 |
| Series A | ||
| 5.00%, due 10/1/44 | 1,415,000 | 1,466,051 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Florida | ||
| County of Pasco, State of Florida Cigarette Tax Revenue, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.50%, due 9/1/37 | $ 2,040,000 | $ 2,232,829 |
| Currents Community Development District, Assessment, Special Assessment | ||
| Series B | ||
| 4.25%, due 5/1/41 (a) | 620,000 | 567,366 |
| Edgewater East Community Development District, Assessment Area Two, Special Assessment | ||
| 4.00%, due 5/1/42 | 1,000,000 | 879,663 |
| Firethorn Community Development District, Assessment Area One, Special Assessment | ||
| 4.35%, due 5/1/35 | 870,000 | 845,728 |
| Florida Development Finance Corp., Waste Pro USA, Inc. Project, Revenue Bonds | ||
| 4.35%, due 4/1/37 (b)(c) | 2,500,000 | 2,484,298 |
| Florida Development Finance Corp., Mater Academy Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/15/31 | 515,000 | 519,595 |
| Florida Development Finance Corp., UF Health Jacksonville Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 2/1/33 | 1,300,000 | 1,349,859 |
| Florida Housing Finance Corp., Magnolia Trail, Revenue Bonds | ||
| Series Z | ||
| 3.15%, due 7/1/43 (c) | 1,550,000 | 1,548,166 |
| Florida Housing Finance Corp., Canopy at West River Towers 1 & 2 (The), Revenue Bonds | ||
| Series A-1, Insured: FNMA | ||
| 3.76%, due 5/1/42 | 1,983,458 | 1,663,462 |
| Florida Municipal Loan Council, Shingle Creek Transit & Utility Community Development District, Special Assessment | ||
| 4.50%, due 5/1/31 (b) | 265,000 | 266,457 |
| Fort Pierce Utilities Authority, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 10/1/34 | 325,000 | 349,648 |
| Greater Orlando Aviation Authority, Revenue Bonds (b) | ||
| Series A | ||
| 5.00%, due 10/1/42 | 7,115,000 | 7,156,934 |
| 5.25%, due 10/1/41 | 1,200,000 | 1,276,543 |
| 5.25%, due 10/1/43 | 7,080,000 | 7,476,327 |
| 5.25%, due 10/1/45 | 1,260,000 | 1,318,778 |
| Harbor Reserve Community Development District, Project, Special Assessment | ||
| 4.50%, due 5/1/35 | 1,435,000 | 1,394,217 |
| Hillsborough County Aviation Authority, Tampa International Airport, Revenue Bonds (b) | ||
| Series B | ||
| 5.00%, due 10/1/34 | 1,565,000 | 1,702,140 |
| Series B | ||
| 5.25%, due 10/1/41 | 1,200,000 | 1,280,797 |
| Series B | ||
| 5.25%, due 10/1/44 | 1,700,000 | 1,791,653 |
| Hillsborough County Industrial Development Authority, BayCare Health System, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 11/15/34 | 1,640,000 | 1,809,981 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Florida | ||
| Hilltop Point Community Development District, Assessment Area Two, Special Assessment | ||
| Series 2 | ||
| 4.75%, due 5/1/27 | $ 55,000 | $ 55,197 |
| Jacksonville Aviation Authority, Revenue Bonds (b) | ||
| 5.25%, due 10/1/42 | 1,000,000 | 1,071,686 |
| 5.25%, due 10/1/43 | 1,000,000 | 1,066,076 |
| 5.25%, due 10/1/44 | 1,500,000 | 1,589,101 |
| 5.25%, due 10/1/46 | 1,900,000 | 1,993,217 |
| JEA Water & Sewer System, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 10/1/49 | 2,255,000 | 2,390,718 |
| Lakewood Ranch Stewardship District, Azario Project, Special Assessment | ||
| 4.00%, due 5/1/40 | 580,000 | 546,138 |
| Lakewood Ranch Stewardship District, Calusa Project, Special Assessment | ||
| 4.25%, due 5/1/30 | 865,000 | 882,822 |
| Lakewood Ranch Stewardship District, Northeast Sector Project Phase 1B, Special Assessment | ||
| 5.30%, due 5/1/39 | 1,295,000 | 1,309,690 |
| Laurel Road Community Development District, Special Assessment | ||
| Series A-2 | ||
| 3.125%, due 5/1/31 | 400,000 | 379,512 |
| LT Ranch South Community Development District, Assessment Area Two, Special Assessment | ||
| 4.625%, due 5/1/36 | 935,000 | 918,884 |
| Miami-Dade County Housing Finance Authority, Yaeger Plaza Project, Revenue Bonds | ||
| Series B | ||
| 3.15%, due 8/1/29 (c) | 1,320,000 | 1,319,681 |
| Miami-Dade County Housing Finance Authority, Rainbow Village Project, Revenue Bonds | ||
| Series B, Insured: HUD Sector 8 | ||
| 3.55%, due 3/1/29 (c) | 1,575,000 | 1,586,612 |
| Series A, Insured: HUD Sector 8 FNMA | ||
| 4.88%, due 3/1/46 | 2,000,000 | 1,985,424 |
| New Port Corners Community Development District, Special Assessment (a) | ||
| 4.00%, due 6/15/30 | 190,000 | 188,288 |
| 4.25%, due 6/15/35 | 200,000 | 194,587 |
| Newfield Community Development District, Special Assessment | ||
| 5.00%, due 5/1/35 | 795,000 | 818,055 |
| North Park Isle Community Development District, Assessment Area Two, Special Assessment | ||
| 3.375%, due 11/1/41 | 1,585,000 | 1,327,479 |
| Orange County Health Facilities Authority, Orlando Health Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/36 | 5,000,000 | 5,442,029 |
| Series A | ||
| 5.00%, due 10/1/38 | 6,175,000 | 6,586,872 |
| Palm Coast Park Community Development District, Sawmill Branch Phase 2, Special Assessment | ||
| 4.15%, due 5/1/27 | 100,000 | 100,200 |
| Pinellas County Housing Finance Authority, Oakhurst Trace, Revenue Bonds | ||
| Series A, Insured: FHLMC | ||
| 4.70%, due 10/1/43 | 4,170,000 | 4,128,860 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Florida | ||
| Reunion East Community Development District, Series 2021 Project, Special Assessment | ||
| 2.85%, due 5/1/31 | $ 100,000 | $ 96,010 |
| Reunion West Community Development District, Special Assessment | ||
| 3.00%, due 5/1/36 | 100,000 | 88,865 |
| Rolling Hills Community Development District, Special Assessment | ||
| Series A-2 | ||
| 3.65%, due 5/1/32 | 170,000 | 160,030 |
| Scenic Terrace South Community Development District, Special Assessment | ||
| 4.50%, due 5/1/42 | 635,000 | 595,880 |
| Seminole Improvement District, Revenue Bonds | ||
| 5.00%, due 10/1/32 | 250,000 | 254,389 |
| Southern Groves Community Development District No. 5, 2021 Assessment Area, Special Assessment | ||
| 2.80%, due 5/1/31 | 425,000 | 406,161 |
| Stillwater Community Development District, 2021 Project, Special Assessment | ||
| 3.50%, due 6/15/41 (a) | 580,000 | 482,798 |
| Sunbridge Stewardship District, Weslyn Park Project Assessment, Special Assessment | ||
| 4.60%, due 5/1/32 | 460,000 | 462,864 |
| Tampa Bay Water, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/49 | 1,820,000 | 1,883,271 |
| Two Lakes Community Development District, Expansion Area Project, Special Assessment | ||
| 3.375%, due 12/15/30 | 1,280,000 | 1,236,915 |
| 3.75%, due 12/15/39 | 2,990,000 | 2,661,312 |
| 4.00%, due 12/15/49 | 2,200,000 | 1,813,154 |
| V-Dana Community Development District, Assessment Area Two-2025 Project, Special Assessment | ||
| 5.375%, due 5/1/45 | 245,000 | 246,554 |
| Village Community Development District No. 11, Special Assessment | ||
| 4.125%, due 5/1/29 | 765,000 | 761,426 |
| Village Community Development District No. 13, Phase III, Special Assessment | ||
| 2.85%, due 5/1/36 | 1,495,000 | 1,306,591 |
| Village Community Development District No. 14, Special Assessment | ||
| 5.125%, due 5/1/37 | 635,000 | 650,636 |
| Village Community Development District No. 15, Special Assessment | ||
| 4.375%, due 5/1/33 (a) | 100,000 | 101,277 |
| Village Community Development District No. 16, Special Assessment | ||
| 4.875%, due 5/1/45 | 1,700,000 | 1,692,175 |
| Village Community Development District No. 7, Special Assessment | ||
| 3.75%, due 5/1/30 | 2,205,000 | 2,147,335 |
| Watergrass Community Development District II, Phase 2, Special Assessment | ||
| 2.50%, due 5/1/31 | 100,000 | 92,224 |
| Windward at Lakewood Ranch Community Development District, Phase 2 Project, Special Assessment | ||
| 3.625%, due 5/1/32 | 210,000 | 198,433 |
| Wiregrass II Community Development District, Assessment Area Two, Special Assessment | ||
| 4.80%, due 5/1/32 | 100,000 | 101,604 |
| 142,308,338 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Georgia 3.5% | ||
| Atlanta Development Authority (The), PRG - CAU Properties LLC Project, Revenue Bonds (a) | ||
| Series A | ||
| 5.00%, due 7/1/35 | $ 1,700,000 | $ 1,741,342 |
| Series A | ||
| 5.25%, due 7/1/40 | 1,000,000 | 1,012,825 |
| Series A | ||
| 6.00%, due 7/1/45 | 1,000,000 | 1,046,048 |
| Atlanta Urban Redevelopment Agency, Atlanta BeltLine Special Service District, Revenue Bonds | ||
| Insured: BAM | ||
| 2.875%, due 7/1/31 (a) | 665,000 | 632,030 |
| Atlanta Urban Residential Finance Authority, Auburn Square, Revenue Bonds | ||
| Series B | ||
| 3.15%, due 2/1/30 (c) | 3,350,000 | 3,347,947 |
| Atlanta Urban Residential Finance Authority, Englewood Multi-Family Apartments Project, Revenue Bonds | ||
| Insured: HUD Sector 8 FHA 221(D4) | ||
| 3.45%, due 2/1/29 (c) | 7,850,000 | 7,862,963 |
| Atlanta Urban Residential Finance Authority, TBG Englewood Senior LP, Revenue Bonds | ||
| Insured: HUD Sector 8 FHA 221(D4) | ||
| 5.00%, due 5/1/28 (c) | 1,440,000 | 1,460,147 |
| City of Atlanta, Department of Aviation, Revenue Bonds (b) | ||
| Series B | ||
| 5.00%, due 7/1/34 | 450,000 | 483,971 |
| Series B-1 | ||
| 5.00%, due 7/1/39 | 3,800,000 | 4,036,370 |
| City of Atlanta, Water & Wastewater, Revenue Bonds, Sub. Lien | ||
| 5.00%, due 11/1/45 | 1,250,000 | 1,340,218 |
| County of DeKalb, Water & Sewerage, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/42 | 2,980,000 | 3,201,120 |
| Development Authority of Burke County (The), Oglethorpe Power Corp. Vogtle Project, Revenue Bonds (c) | ||
| Series A | ||
| 3.60%, due 1/1/40 | 2,565,000 | 2,582,083 |
| Series E | ||
| 3.60%, due 11/1/45 | 1,835,000 | 1,847,221 |
| Development Authority of Cobb County Student Housing, KSU Housing Real Estate Foundations Projects, Revenue Bonds, Junior Lien | ||
| Series C | ||
| 5.00%, due 6/15/35 | 405,000 | 427,343 |
| Development Authority of Cobb County Student Housing, KSU Housing Real Estate Foundations Projects, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.00%, due 6/15/36 | 820,000 | 905,576 |
| Series A | ||
| 5.00%, due 6/15/46 | 500,000 | 518,166 |
| Development Authority of Cobb County Student Housing, KSU Housing Real Estate Foundations Projects, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 6/15/38 | 550,000 | 579,113 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Georgia | ||
| Georgia Housing & Finance Authority, Revenue Bonds | ||
| Series G, Insured: GNMA / FNMA | ||
| 5.00%, due 12/1/45 | $ 2,500,000 | $ 2,645,901 |
| Main Street Natural Gas, Inc., Revenue Bonds | ||
| Series C | ||
| 4.00%, due 5/1/52 (c) | 3,000,000 | 3,016,064 |
| Series E-2 | ||
| 4.145%, due 12/1/53 | 5,000,000 | 5,131,117 |
| Series A | ||
| 5.00%, due 6/1/53 (c) | 10,000,000 | 10,344,226 |
| Series B | ||
| 5.00%, due 7/1/53 (c) | 8,000,000 | 8,370,550 |
| Series D | ||
| 5.00%, due 4/1/54 (c) | 3,250,000 | 3,416,320 |
| Series E | ||
| 5.00%, due 5/1/55 (c) | 20,120,000 | 20,980,645 |
| Municipal Electric Authority of Georgia, Plant Vogtle Units 3&4 Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/39 | 2,000,000 | 2,035,821 |
| Savannah Georgia Convention Center Authority, Convention Center Hotel, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 6/1/40 | 1,000,000 | 1,039,846 |
| Savannah Housing Authority, Montgomery Landing Project, Revenue Bonds | ||
| 3.15%, due 7/1/43 (c) | 4,000,000 | 3,999,641 |
| Walton County Water & Sewer Authority, Walton-Hard Labor Creek Reservoir Water Treatment Facility Project, Revenue Bonds | ||
| 5.25%, due 2/1/47 | 1,700,000 | 1,785,492 |
| 95,790,106 | ||
| Guam 0.4% | ||
| Antonio B Won Pat International Airport Authority, Revenue Bonds (b) | ||
| Series A | ||
| 5.00%, due 10/1/33 | 200,000 | 210,680 |
| Series A | ||
| 5.25%, due 10/1/35 | 100,000 | 107,203 |
| Guam Department of Education, John F. Kennedy High School Refunding & Energy Efficiency Project, Certificate of Participation | ||
| Series A | ||
| 4.25%, due 2/1/30 | 1,225,000 | 1,215,727 |
| Guam Power Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/34 | 650,000 | 683,883 |
| Series A | ||
| 5.00%, due 10/1/35 | 1,100,000 | 1,170,570 |
| Series A | ||
| 5.00%, due 10/1/38 | 1,350,000 | 1,357,953 |
| Territory of Guam, Business Privilege Tax, Revenue Bonds | ||
| Series F | ||
| 4.00%, due 1/1/36 | 400,000 | 393,889 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Guam | ||
| Territory of Guam, Revenue Bonds | ||
| Series F | ||
| 4.00%, due 1/1/42 | $ 1,790,000 | $ 1,675,947 |
| Series G | ||
| 5.00%, due 1/1/36 | 1,150,000 | 1,222,173 |
| Series G | ||
| 5.25%, due 1/1/39 | 1,000,000 | 1,058,094 |
| Territory of Guam, Section 30, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/32 | 1,000,000 | 1,001,513 |
| Series A | ||
| 5.00%, due 12/1/34 | 1,750,000 | 1,752,314 |
| 11,849,946 | ||
| Hawaii 0.2% | ||
| Kauai County Community Facilities District No. 2008-1, Kukui'ula Development Project, Special Tax | ||
| 4.00%, due 5/15/29 | 440,000 | 446,559 |
| State of Hawaii, Airports System, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 7/1/42 (b) | 4,500,000 | 4,741,847 |
| 5,188,406 | ||
| Idaho 0.1% | ||
| Idaho Health Facilities Authority, Madison Memorial Hospital, Revenue Bonds | ||
| 5.00%, due 9/1/37 | 1,870,000 | 1,849,795 |
| Illinois 6.3% | ||
| Chicago Board of Education, Unlimited General Obligation | ||
| Series B | ||
| 4.00%, due 12/1/37 | 1,215,000 | 1,065,944 |
| Series B | ||
| 4.00%, due 12/1/41 | 5,750,000 | 4,941,810 |
| Series B | ||
| 5.00%, due 12/1/31 | 1,000,000 | 1,013,712 |
| Series A | ||
| 5.00%, due 12/1/33 | 500,000 | 503,333 |
| Series B | ||
| 5.00%, due 12/1/33 | 1,500,000 | 1,499,966 |
| Series A, Insured: AG | ||
| 5.00%, due 12/1/35 | 500,000 | 512,013 |
| Series A | ||
| 5.00%, due 12/1/37 | 1,085,000 | 1,065,044 |
| Series D | ||
| 5.00%, due 12/1/46 | 2,485,000 | 2,249,549 |
| Series A, Insured: AMBAC | ||
| 5.50%, due 12/1/30 | 710,000 | 740,945 |
| Series B | ||
| 5.50%, due 12/1/34 | 1,100,000 | 1,159,106 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Illinois | ||
| Chicago Board of Education, Unlimited General Obligation | ||
| Series B | ||
| 5.50%, due 12/1/36 | $ 7,295,000 | $ 7,615,830 |
| Series C | ||
| 6.00%, due 12/1/41 | 610,000 | 641,729 |
| Chicago Board of Education, Revenue Bonds | ||
| 5.00%, due 4/1/41 | 1,055,000 | 1,087,612 |
| Chicago Board of Education, Dedicated Capital Improvement, Unlimited General Obligation | ||
| Series H | ||
| 5.00%, due 12/1/36 | 500,000 | 495,365 |
| Chicago Board of Education, Dedicated Capital Improvement, Revenue Bonds | ||
| 6.00%, due 4/1/46 | 23,000,000 | 23,255,330 |
| Chicago Board of Education, Project, Unlimited General Obligation | ||
| Series C | ||
| 5.25%, due 12/1/35 | 150,000 | 146,770 |
| Chicago O'Hare International Airport, General, Revenue Bonds, Senior Lien | ||
| Series D | ||
| 5.00%, due 1/1/36 | 1,000,000 | 1,067,770 |
| Series D | ||
| 5.00%, due 1/1/37 | 1,000,000 | 1,062,640 |
| Series B | ||
| 5.00%, due 1/1/39 | 1,350,000 | 1,381,155 |
| Chicago O'Hare International Airport, Revenue Bonds, Senior Lien (b) | ||
| Series A | ||
| 5.00%, due 1/1/39 | 5,500,000 | 5,802,874 |
| Series C | ||
| 5.00%, due 1/1/43 | 860,000 | 879,403 |
| Series E | ||
| 5.50%, due 1/1/48 | 1,000,000 | 1,049,389 |
| Chicago O'Hare International Airport, TrIPs Obligated Group, Revenue Bonds | ||
| 5.00%, due 7/1/48 (b) | 3,500,000 | 3,445,215 |
| Chicago O'Hare International Airport, Passenger Facility Charge, Revenue Bonds, Senior Lien | ||
| Insured: BAM | ||
| 5.25%, due 1/1/39 | 1,195,000 | 1,276,254 |
| Chicago Transit Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/49 | 3,500,000 | 3,583,061 |
| City of Chicago, City Colleges, Unlimited General Obligation | ||
| Insured: NATL-RE | ||
| (zero coupon), due 1/1/27 | 1,050,000 | 1,036,671 |
| City of Chicago, Unlimited General Obligation | ||
| Series A | ||
| 5.00%, due 1/1/32 | 1,500,000 | 1,534,223 |
| Series A | ||
| 5.00%, due 1/1/44 | 1,000,000 | 954,785 |
| Series A | ||
| 6.00%, due 1/1/38 | 2,500,000 | 2,510,868 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Illinois | ||
| City of Chicago, Waterworks, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/1/41 | $ 1,250,000 | $ 1,310,753 |
| Series A | ||
| 5.00%, due 11/1/43 | 3,000,000 | 3,118,668 |
| City of Chicago, Wastewater Transmission Project, Revenue Bonds, Second Lien | ||
| Series A, Insured: AG | ||
| 5.25%, due 1/1/42 | 450,000 | 452,111 |
| City of Joliet, Rock Run Crossing Project, Unlimited General Obligation | ||
| Insured: BAM | ||
| 5.50%, due 12/15/42 | 2,000,000 | 2,136,996 |
| City of Joliet, Unlimited General Obligation | ||
| Insured: BAM | ||
| 5.50%, due 12/15/44 | 1,000,000 | 1,061,697 |
| City of Marion, STAR Bond District Project Area No. 1, Revenue Bonds | ||
| 6.375%, due 6/1/45 | 1,840,000 | 1,859,248 |
| City of Springfield, Electric, Revenue Bonds, Senior Lien | ||
| Insured: BAM | ||
| 3.00%, due 3/1/38 | 4,210,000 | 3,791,076 |
| Fox Lake Public Library District, Unlimited General Obligation | ||
| Insured: BAM | ||
| 3.00%, due 2/1/28 | 1,175,000 | 1,163,222 |
| Illinois Finance Authority, Moorings of Arlington Heights, Revenue Bonds | ||
| Series B-2 | ||
| 3.65%, due 5/1/31 | 1,230,000 | 1,219,905 |
| Illinois Finance Authority, Field Museum of Natural History, Revenue Bonds | ||
| 3.705%, due 11/1/34 | 970,000 | 972,025 |
| Illinois Finance Authority, University of Chicago (The), Revenue Bonds | ||
| Series A | ||
| 4.00%, due 10/1/38 | 1,540,000 | 1,464,228 |
| Illinois Finance Authority, University of Chicago Medical Center Obligated Group, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 8/15/41 | 1,000,000 | 940,043 |
| Illinois Finance Authority, Centerpoint Joliet Terminal Railroad Project, Revenue Bonds (a)(b)(c) | ||
| 4.125%, due 12/1/50 | 7,250,000 | 7,088,240 |
| 4.80%, due 12/1/43 | 4,350,000 | 4,419,197 |
| Illinois Finance Authority, Midwestern University Foundation, Revenue Bonds | ||
| Series A | ||
| 4.25%, due 7/1/41 | 1,725,000 | 1,668,704 |
| Illinois Finance Authority, Carle Foundation, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 8/15/34 | 250,000 | 265,476 |
| Illinois Finance Authority, Noble Network of Charter Schools, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 9/1/34 | 500,000 | 511,313 |
| Series A | ||
| 5.00%, due 9/1/37 | 500,000 | 503,576 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Illinois | ||
| Illinois Finance Authority, Clean Water Initiative, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/42 | $ 250,000 | $ 268,033 |
| Series A | ||
| 5.00%, due 7/1/43 | 1,000,000 | 1,067,781 |
| Illinois Housing Development Authority, Social Bonds, Revenue Bonds | ||
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 3.00%, due 4/1/51 | 710,000 | 699,373 |
| Illinois Housing Development Authority, Congressman Collins, Revenue Bonds | ||
| 3.15%, due 2/1/29 (c) | 3,250,000 | 3,250,299 |
| Illinois Housing Development Authority, Corcoran Place, Revenue Bonds | ||
| Insured: HUD Sector 8 | ||
| 3.15%, due 7/1/29 (c) | 2,200,000 | 2,199,803 |
| Illinois Housing Development Authority, Heart of Uptown Apartments Project, Revenue Bonds | ||
| 3.45%, due 12/1/67 (c) | 7,000,000 | 7,009,186 |
| Illinois Housing Development Authority, Revenue Bonds | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 4.375%, due 10/1/41 | 705,000 | 693,746 |
| Series I, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 10/1/55 | 3,610,000 | 3,940,586 |
| Illinois Housing Development Authority, Lakeview Landing LP, Revenue Bonds | ||
| Series A, Insured: HUD Sector 8 | ||
| 5.00%, due 11/1/27 (c) | 1,310,000 | 1,316,313 |
| Illinois Sports Facilities Authority (The), Revenue Bonds | ||
| 5.00%, due 6/15/30 | 1,000,000 | 1,031,322 |
| Illinois State Toll Highway Authority, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 1/1/38 | 2,395,000 | 2,397,424 |
| Series C | ||
| 5.00%, due 1/1/39 | 1,825,000 | 1,826,716 |
| Series A | ||
| 5.00%, due 1/1/40 | 1,000,000 | 1,003,226 |
| Series B | ||
| 5.00%, due 1/1/40 | 1,000,000 | 1,000,851 |
| Lake County Consolidated High School District No. 120, Limited General Obligation | ||
| Series A | ||
| 5.50%, due 12/1/38 | 825,000 | 897,107 |
| Metropolitan Pier & Exposition Authority, McCormick Place Expansion Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/15/28 | 2,000,000 | 2,045,843 |
| Metropolitan Water Reclamation District of Greater Chicago, Green Bond, Unlimited General Obligation | ||
| Series E | ||
| 5.00%, due 12/1/41 | 1,000,000 | 1,003,532 |
| Sales Tax Securitization Corp., Revenue Bonds, Second Lien | ||
| Series A, Insured: BAM | ||
| 5.00%, due 1/1/37 | 1,285,000 | 1,340,087 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Illinois | ||
| Sales Tax Securitization Corp., Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.00%, due 1/1/42 | $ 5,600,000 | $ 5,896,982 |
| Series A, Insured: BAM | ||
| 5.00%, due 1/1/44 | 3,370,000 | 3,507,402 |
| Series A | ||
| 5.00%, due 1/1/45 | 3,715,000 | 3,856,630 |
| Sales Tax Securitization Corp., Revenue Bonds | ||
| Series C | ||
| 5.50%, due 1/1/36 | 2,000,000 | 2,086,968 |
| Sangamon County School District No. 186, Springfield, Limited General Obligation | ||
| Series B, Insured: BAM | ||
| 5.00%, due 2/1/41 | 1,545,000 | 1,640,426 |
| Southwestern Illinois Development Authority, Traid Community Unit School District No. 2 Project, Revenue Bonds | ||
| Series B, Insured: BAM | ||
| 5.50%, due 4/1/45 | 2,370,000 | 2,524,835 |
| St. Clair County Community Unit School District No. 187, Unlimited General Obligation | ||
| Series A, Insured: AG | ||
| 5.00%, due 1/1/27 | 130,000 | 131,098 |
| Series A, Insured: AG | ||
| 5.00%, due 1/1/42 | 500,000 | 518,839 |
| Series B, Insured: AG | ||
| 5.00%, due 1/1/43 | 250,000 | 258,520 |
| State of Illinois, Unlimited General Obligation | ||
| Insured: BAM | ||
| 4.00%, due 6/1/41 | 1,040,000 | 986,998 |
| Series D | ||
| 5.00%, due 11/1/28 | 1,000,000 | 1,024,320 |
| 5.50%, due 5/1/39 | 500,000 | 525,433 |
| Series 1 | ||
| 6.63%, due 2/1/35 | 2,076,923 | 2,147,321 |
| Village of Bradley, Unlimited General Obligation | ||
| Insured: AG | ||
| 5.00%, due 12/15/42 | 700,000 | 729,757 |
| Insured: AG | ||
| 5.00%, due 12/15/43 | 800,000 | 829,853 |
| Village of Rantoul, Unlimited General Obligation | ||
| Insured: AG | ||
| 5.00%, due 1/1/38 | 905,000 | 962,077 |
| Insured: AG | ||
| 5.00%, due 1/1/44 | 1,110,000 | 1,148,971 |
| Will County School District No. 114, Manhattan, Unlimited General Obligation | ||
| Insured: BAM | ||
| 5.25%, due 1/1/39 | 175,000 | 188,847 |
| Insured: BAM | ||
| 5.50%, due 1/1/43 | 1,825,000 | 1,960,065 |
| 171,441,414 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Indiana 2.0% | ||
| Avon Community School Building Corp., First Mortgage Bonds, Revenue Bonds | ||
| Insured: State Intercept | ||
| 5.25%, due 7/15/37 | $ 1,000,000 | $ 1,088,066 |
| Brownsburg 1999 School Building Corp., Revenue Bonds | ||
| Insured: State Intercept | ||
| 5.50%, due 7/15/42 | 1,000,000 | 1,058,180 |
| City of Lafayette, Local Income Tax, Revenue Bonds | ||
| Insured: BAM State Intercept | ||
| 3.00%, due 12/31/33 | 1,195,000 | 1,090,490 |
| City of Valparaiso, Pratt Paper LLC Project, Revenue Bonds (a)(b) | ||
| 4.50%, due 1/1/34 | 1,155,000 | 1,181,393 |
| 4.875%, due 1/1/44 | 3,350,000 | 3,395,918 |
| City of Whiting, BP Products North America, Inc. Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 12/1/44 (b)(c) | 6,000,000 | 5,994,238 |
| Greater Clark Building Corp., Revenue Bonds | ||
| Series B, Insured: State Intercept | ||
| 6.00%, due 7/15/40 | 1,300,000 | 1,467,124 |
| Series B, Insured: State Intercept | ||
| 6.00%, due 1/15/43 | 1,170,000 | 1,305,893 |
| Indiana Finance Authority, Indianapolis Power & Light Co. Project, Revenue Bonds | ||
| Series A | ||
| 1.40%, due 8/1/29 (c) | 250,000 | 229,272 |
| Indiana Finance Authority, Ohio Valley Electric Corp. Project, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 11/1/30 | 2,965,000 | 2,882,688 |
| Indiana Finance Authority, Greenwood Village South Project, Revenue Bonds | ||
| Series C-2 | ||
| 3.75%, due 5/15/32 | 1,000,000 | 999,722 |
| Indiana Finance Authority, Southern Indiana Gas & Electric Co., Revenue Bonds | ||
| Series A | ||
| 4.00%, due 3/1/38 (b)(c) | 2,000,000 | 2,014,916 |
| Indiana Finance Authority, Duke Energy Indiana, Inc. Project, Revenue Bonds | ||
| Series A-1 | ||
| 4.50%, due 5/1/35 (b)(c) | 1,030,000 | 1,035,140 |
| Indiana Finance Authority, Ascension Senior Credit Group, Revenue Bonds | ||
| Series A-1 | ||
| 5.00%, due 11/15/42 | 5,250,000 | 5,525,198 |
| Indiana Finance Authority, Indiana University Health, Revenue Bonds | ||
| Series D-4 | ||
| 5.00%, due 10/1/57 (c) | 2,870,000 | 3,145,079 |
| Indiana Municipal Power Agency, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 1/1/43 | 2,756,000 | 2,921,920 |
| Indiana Secondary Market for Education Loans, Inc., Revenue Bonds | ||
| Series 1-A | ||
| 4.00%, due 6/1/46 (b) | 625,000 | 585,964 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Indiana | ||
| Indianapolis Local Public Improvement Bond Bank, Indianapolis Airport Authority Project, Revenue Bonds (b) | ||
| Series B-2 | ||
| 5.00%, due 1/1/31 | $ 2,260,000 | $ 2,407,968 |
| Series B-2 | ||
| 5.00%, due 1/1/32 | 1,765,000 | 1,896,627 |
| Series B-2 | ||
| 5.00%, due 1/1/37 | 455,000 | 487,852 |
| Indianapolis Local Public Improvement Bond Bank, Indiana Public Transportation Corporation Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/15/38 | 1,000,000 | 1,083,709 |
| Series A | ||
| 5.00%, due 7/15/42 | 1,650,000 | 1,734,006 |
| IPS Multi-School Building Corp., Indianapolis Board of School Commissioners, Revenue Bonds | ||
| Insured: State Intercept | ||
| 5.25%, due 7/15/40 | 1,850,000 | 1,950,191 |
| Terre Haute Sanitary District, Revenue Bonds | ||
| Insured: BAM | ||
| 5.00%, due 7/1/39 | 1,670,000 | 1,758,865 |
| Insured: BAM | ||
| 5.00%, due 7/1/41 | 1,000,000 | 1,043,514 |
| Insured: BAM | ||
| 5.00%, due 7/1/42 | 1,000,000 | 1,040,490 |
| Tri-Creek 2002 High School Building Corp., Revenue Bonds | ||
| Insured: State Intercept | ||
| 5.50%, due 7/15/43 | 2,000,000 | 2,162,222 |
| Westfield-Washington Multi-School Building Corp., Westfield-Washington Schools, Revenue Bonds | ||
| Series B, Insured: BAM State Aid Intercept | ||
| 5.00%, due 7/15/42 | 2,300,000 | 2,406,116 |
| Series C, Insured: BAM State Aid Intercept | ||
| 5.00%, due 7/15/43 | 1,300,000 | 1,356,747 |
| 55,249,508 | ||
| Iowa 1.3% | ||
| City of Des Moines, Unlimited General Obligation | ||
| Series D | ||
| 1.50%, due 6/1/34 | 1,200,000 | 953,873 |
| Series D | ||
| 1.75%, due 6/1/38 | 540,000 | 383,339 |
| Series F | ||
| 2.00%, due 6/1/35 | 2,375,000 | 1,939,623 |
| Series F | ||
| 2.00%, due 6/1/36 | 2,415,000 | 1,915,149 |
| County of Polk, Unlimited General Obligation | ||
| Series A | ||
| 3.00%, due 6/1/32 | 2,000,000 | 1,914,505 |
| Guthrie County Hospital, Revenue Bonds | ||
| Series A | ||
| 4.50%, due 2/1/29 | 1,000,000 | 996,603 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Iowa | ||
| Hampton-Dumont Community School District, Revenue Bonds | ||
| Insured: AG | ||
| 6.00%, due 6/1/29 | $ 720,000 | $ 759,056 |
| Iowa City Community School District, Unlimited General Obligation | ||
| 2.50%, due 6/1/38 | 565,000 | 431,910 |
| 2.50%, due 6/1/39 | 1,035,000 | 768,593 |
| Insured: BAM | ||
| 2.50%, due 6/1/39 | 500,000 | 389,620 |
| Iowa Finance Authority, Mortgage-Backed Securities Program, Revenue Bonds | ||
| Series G, Insured: GNMA / FHLMC | ||
| 6.25%, due 7/1/54 | 935,000 | 1,013,130 |
| Iowa Student Loan Liquidity Corp., Revenue Bonds, Senior Lien (b) | ||
| Series B | ||
| 5.00%, due 12/1/29 | 500,000 | 524,296 |
| Series B | ||
| 5.00%, due 12/1/30 | 615,000 | 650,918 |
| Series B | ||
| 5.00%, due 12/1/32 | 1,450,000 | 1,526,170 |
| PEFA, Inc., Gas Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 4/1/34 | 1,000,000 | 1,049,857 |
| Series A | ||
| 5.00%, due 4/1/35 | 3,935,000 | 4,128,982 |
| State of Iowa Board of Regents, University of Iowa Health Care's Hospital System, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 9/1/41 | 7,413,000 | 7,235,022 |
| Series A | ||
| 4.125%, due 9/1/42 | 2,900,000 | 2,854,278 |
| Series A | ||
| 4.25%, due 9/1/43 | 1,750,000 | 1,735,356 |
| Series A | ||
| 4.25%, due 9/1/44 | 2,000,000 | 1,963,366 |
| Series A | ||
| 4.375%, due 9/1/45 | 1,750,000 | 1,729,857 |
| Waukee Community School District, Unlimited General Obligation | ||
| Series B | ||
| 2.00%, due 6/1/36 | 1,000,000 | 787,648 |
| Series B | ||
| 2.125%, due 6/1/39 | 1,000,000 | 727,032 |
| 36,378,183 | ||
| Kansas 0.2% | ||
| City of Garden City, Sports of the World STAR Bond Project, Revenue Bonds | ||
| 4.25%, due 6/1/33 (a) | 400,000 | 398,071 |
| City of Manhattan, Unlimited General Obligation | ||
| Series A | ||
| 5.00%, due 11/1/42 | 1,635,000 | 1,721,685 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Kansas | ||
| City of Wichita, K-96 Greenwich STAR Bond Project, Revenue Bonds | ||
| Series A | ||
| 4.125%, due 9/1/33 (a) | $ 1,000,000 | $ 990,460 |
| Wyandotte County-Kansas City Unified Government, Legends Apartments Garage & West Lawn Project, Revenue Bonds | ||
| 4.50%, due 6/1/40 | 835,000 | 812,105 |
| Wyandotte County-Kansas City Unified Government, Northwest Speedway STAR Bond District Project, Revenue Bonds | ||
| 4.75%, due 3/1/41 (a) | 1,000,000 | 969,179 |
| 4,891,500 | ||
| Kentucky 3.6% | ||
| Anderson County School District Finance Corp., Revenue Bonds | ||
| Insured: State Intercept | ||
| 4.125%, due 2/1/32 | 1,015,000 | 1,032,741 |
| Beechwood Independent School District Finance Corp., Revenue Bonds | ||
| Insured: State Intercept | ||
| 4.00%, due 8/1/31 | 645,000 | 654,664 |
| Bullitt County School District Finance Corp., Revenue Bonds | ||
| Insured: BAM State Intercept | ||
| 1.875%, due 12/1/36 | 970,000 | 745,567 |
| City of Ashland, Royal Blue Health LLC Obligated Group, Revenue Bonds | ||
| Insured: AG | ||
| 3.00%, due 2/1/40 | 2,600,000 | 2,268,117 |
| City of Bowling Green, Unlimited General Obligation | ||
| Series A, Insured: BAM | ||
| 2.00%, due 9/1/44 | 500,000 | 328,054 |
| City of Henderson, Pratt Paper LLC Project, Revenue Bonds | ||
| Series B | ||
| 3.70%, due 1/1/32 (a)(b) | 345,000 | 344,254 |
| Commonwealth of Kentucky, State Office Building Project, Certificate of Participation | ||
| Series A | ||
| 4.00%, due 4/15/27 | 1,000,000 | 1,007,264 |
| County of Boyle, Centre College of Kentucky, Revenue Bonds | ||
| 5.00%, due 6/1/29 | 1,000,000 | 1,013,274 |
| County of Trimble, Louisville Gas and Electric Co. Project, Revenue Bonds | ||
| Series A | ||
| 1.30%, due 9/1/44 (b)(c) | 4,250,000 | 4,138,866 |
| County of Warren, Unlimited General Obligation | ||
| Insured: BAM | ||
| 1.75%, due 12/1/35 | 695,000 | 543,410 |
| County of Warren, Bowling Green-Warren County Community Hospital Corp., Revenue Bonds | ||
| Series A | ||
| 4.00%, due 10/1/29 | 615,000 | 615,270 |
| Hopkins County School District Finance Corp., School Building, Revenue Bonds | ||
| Insured: BAM State Intercept | ||
| 2.00%, due 2/1/39 | 1,500,000 | 1,087,222 |
| Jefferson County Kentucky Capital Projects Corp., Administrative Office of the Courts, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 4.375%, due 6/1/27 | 1,050,000 | 1,051,239 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Kentucky | ||
| Jefferson County Kentucky Capital Projects Corp., Administrative Office of the Courts, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 4.375%, due 6/1/28 | $ 1,605,000 | $ 1,606,859 |
| Kenton County Airport Board, Cincinnati/Northern Kentucky International Airport, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 1/1/40 (b) | 1,200,000 | 1,274,958 |
| Kenton County School District Finance Corp., Revenue Bonds | ||
| Insured: BAM State Intercept | ||
| 3.00%, due 2/1/31 | 2,040,000 | 1,992,257 |
| Kentucky Bond Development Corp., Lexington Center Corp. Project, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 9/1/27 | 1,585,000 | 1,613,792 |
| Kentucky Bond Development Corp., Baptist Healthcare System, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 8/15/55 (c) | 4,200,000 | 4,603,831 |
| Kentucky Economic Development Finance Authority, Next Generation Information Highway Project, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.00%, due 7/1/40 | 2,145,000 | 2,145,789 |
| Series A | ||
| 5.00%, due 1/1/45 | 3,200,000 | 3,200,762 |
| Kentucky Housing Corp., Meadows at McNeely Lake Apartments, Revenue Bonds | ||
| Insured: HUD Sector 8 | ||
| 3.15%, due 5/1/30 (c) | 2,375,000 | 2,366,696 |
| Kentucky Housing Corp., Revenue Bonds | ||
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 7/1/56 | 2,405,000 | 2,696,609 |
| Kentucky Municipal Energy Agency, Energy Center I Project, Revenue Bonds | ||
| 5.00%, due 1/1/41 | 1,045,000 | 1,095,864 |
| Insured: AG | ||
| 5.00%, due 1/1/45 | 1,000,000 | 1,040,469 |
| Kentucky Municipal Power Agency, Prairie State Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 9/1/35 | 1,545,000 | 1,585,788 |
| Kentucky Municipal Power Agency, Revenue Bonds | ||
| Series A, Insured: NATL-RE | ||
| 5.00%, due 9/1/42 | 1,690,000 | 1,690,000 |
| Kentucky Public Energy Authority, Gas Supply, Revenue Bonds (c) | ||
| Series C | ||
| 4.00%, due 2/1/50 | 2,600,000 | 2,619,617 |
| Series A | ||
| 5.00%, due 5/1/55 | 3,000,000 | 3,109,566 |
| Series A-1 | ||
| 5.25%, due 4/1/54 | 2,500,000 | 2,640,281 |
| Kentucky Public Energy Authority, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 12/1/33 | 9,500,000 | 9,649,397 |
| Series A | ||
| 5.00%, due 6/1/34 | 5,000,000 | 5,121,846 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Kentucky | ||
| Kentucky Public Energy Authority, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 1/1/55 (c) | $ 14,455,000 | $ 15,060,978 |
| Kentucky Rural Water Finance Corp., Flexible Term Program, Revenue Bonds | ||
| Series F | ||
| 4.00%, due 2/1/27 | 125,000 | 125,091 |
| Series F | ||
| 4.00%, due 2/1/28 | 130,000 | 130,090 |
| Series F | ||
| 4.00%, due 2/1/29 | 140,000 | 140,075 |
| Series D, Insured: NATL-RE | ||
| 4.50%, due 8/1/27 | 290,000 | 290,305 |
| Series D, Insured: NATL-RE | ||
| 4.60%, due 8/1/28 | 245,000 | 245,239 |
| Series D, Insured: NATL-RE | ||
| 4.625%, due 8/1/29 | 315,000 | 315,275 |
| Kentucky Rural Water Finance Corp., Revenue Bonds | ||
| Series C | ||
| 4.00%, due 2/1/28 | 175,000 | 175,121 |
| Series C | ||
| 4.00%, due 2/1/29 | 100,000 | 100,054 |
| Kentucky State Property & Building Commission, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/1/26 | 2,485,000 | 2,498,756 |
| Kentucky State Property & Building Commission, Project No. 115, Revenue Bonds | ||
| 5.00%, due 4/1/29 | 1,000,000 | 1,014,074 |
| Kentucky Turnpike Authority, Revitalization Projects, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 7/1/28 | 900,000 | 938,134 |
| Lewis County School District Finance Corp., Revenue Bonds | ||
| Insured: BAM State Intercept | ||
| 2.00%, due 2/1/39 | 1,600,000 | 1,159,703 |
| Louisville & Jefferson County Visitors and Convention Commission, Revenue Bonds | ||
| Insured: BAM | ||
| 3.125%, due 6/1/41 | 1,000,000 | 835,947 |
| Louisville and Jefferson County Metropolitan Sewer District, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 5/15/38 | 2,000,000 | 1,897,998 |
| Series A | ||
| 5.00%, due 5/15/38 | 1,000,000 | 1,090,676 |
| Louisville Regional Airport Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/27 (b) | 1,895,000 | 1,901,282 |
| Louisville/Jefferson County Metropolitan Government, Louisville Gas and Electric Co., Revenue Bonds | ||
| Series A | ||
| 2.00%, due 10/1/33 | 1,000,000 | 843,632 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Kentucky | ||
| Murray State University, Revenue Bonds | ||
| Series A, Insured: BAM State Intercept | ||
| 3.00%, due 9/1/35 | $ 1,230,000 | $ 1,123,621 |
| Pulaski County School District Finance Corp., Pulaski County School District, Revenue Bonds | ||
| Insured: State Intercept | ||
| 4.125%, due 6/1/34 | 1,510,000 | 1,540,115 |
| University of Kentucky, Revenue Bonds | ||
| Series A, Insured: BAM State Intercept | ||
| 3.00%, due 4/1/39 | 2,715,000 | 2,321,669 |
| 98,632,158 | ||
| Louisiana 0.6% | ||
| Capital Area Finance Authority, Mortgage-Backed Securities Project, Revenue Bonds | ||
| Series A, Insured: GNMA | ||
| 5.50%, due 4/1/57 | 1,500,000 | 1,608,407 |
| City of New Orleans, Unlimited General Obligation | ||
| Series A | ||
| 5.00%, due 12/1/31 | 705,000 | 747,927 |
| Series A, Insured: BAM | ||
| 5.00%, due 12/1/33 | 1,250,000 | 1,305,940 |
| Series A | ||
| 5.25%, due 12/1/42 | 1,710,000 | 1,798,976 |
| Series A | ||
| 5.25%, due 12/1/44 | 500,000 | 522,313 |
| City of Shreveport, Unlimited General Obligation | ||
| Insured: AG | ||
| 5.00%, due 3/1/37 | 625,000 | 677,163 |
| Jefferson Parish Consolidated Sewerage District No. 1, Revenue Bonds | ||
| Insured: BAM | ||
| 4.00%, due 2/1/42 | 260,000 | 240,208 |
| Louisiana Housing Corp., Hampton Park Project, Revenue Bonds | ||
| 3.15%, due 7/1/44 (c) | 1,570,000 | 1,569,859 |
| Louisiana Local Government Environmental Facilities & Community Development Authority, Christwood Project, Revenue Bonds | ||
| 4.25%, due 11/15/30 (a) | 200,000 | 200,273 |
| Louisiana Local Government Environmental Facilities & Community Development Authority, Terrebonne Parish Gomesa Project, Revenue Bonds | ||
| 5.50%, due 11/1/39 (a) | 1,025,000 | 1,038,498 |
| Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 5/15/47 | 1,375,000 | 991,565 |
| Series B | ||
| 5.00%, due 5/15/30 | 4,000,000 | 4,235,514 |
| New Orleans Aviation Board, Louis Armstrong New Orleans International Airport, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 1/1/43 (b) | 2,000,000 | 2,002,459 |
| 16,939,102 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Maine 0.5% | ||
| Maine Health & Higher Educational Facilities Authority, MaineHealth Obligated Group, Revenue Bonds | ||
| Series B, Insured: AG | ||
| 5.25%, due 7/1/41 | $ 5,155,000 | $ 5,476,948 |
| Series B, Insured: AG | ||
| 5.25%, due 7/1/43 | 2,275,000 | 2,402,964 |
| Maine Health & Higher Educational Facilities Authority, Northern Light Health Obligated Group, Revenue Bonds | ||
| Series C, Insured: AG State Aid Withholding | ||
| 5.50%, due 7/1/38 | 1,000,000 | 1,084,827 |
| Maine State Housing Authority, Revenue Bonds | ||
| Series G | ||
| 1.85%, due 11/15/30 | 1,000,000 | 905,337 |
| Series A | ||
| 6.00%, due 11/15/56 | 1,000,000 | 1,092,123 |
| Maine Turnpike Authority, Revenue Bonds | ||
| Insured: AG | ||
| 5.00%, due 7/1/31 | 940,000 | 1,019,797 |
| Insured: AG | ||
| 5.00%, due 7/1/33 | 490,000 | 539,539 |
| 12,521,535 | ||
| Maryland 0.7% | ||
| City of Baltimore, Harbor Point Project, Revenue Bonds | ||
| 4.50%, due 6/1/33 | 100,000 | 101,490 |
| County of Charles, Consolidated Public Improvement, Unlimited General Obligation | ||
| 1.75%, due 10/1/35 | 1,000,000 | 808,668 |
| County of Frederick, Oakdale Lake Linganore Project, Special Tax | ||
| 3.75%, due 7/1/39 | 410,000 | 381,608 |
| Maryland Community Development Administration, Revenue Bonds | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 5.00%, due 9/1/42 | 1,000,000 | 1,033,267 |
| Maryland Department of Housing & Community Development, Revenue Bonds | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 3/1/56 | 740,000 | 816,551 |
| Maryland Economic Development Corp., Morgan State University Harper-Tubman Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 7/1/45 | 1,500,000 | 1,553,594 |
| Maryland Economic Development Corp., Morgan State University Project, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 7/1/32 | 465,000 | 497,082 |
| Maryland Health & Higher Educational Facilities Authority, Meritus Health Issue, Revenue Bonds | ||
| Insured: AG | ||
| 4.25%, due 7/1/39 | 1,860,000 | 1,863,906 |
| Insured: AG | ||
| 4.25%, due 7/1/40 | 1,015,000 | 1,007,650 |
| Insured: AG | ||
| 5.00%, due 7/1/37 | 3,160,000 | 3,426,974 |
| Insured: AG | ||
| 5.00%, due 7/1/41 | 4,000,000 | 4,251,331 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Maryland | ||
| Maryland Health & Higher Educational Facilities Authority, Kennedy Krieger Issue, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/41 | $ 1,000,000 | $ 1,024,260 |
| Series A | ||
| 5.25%, due 7/1/44 | 400,000 | 414,556 |
| Maryland State Transportation Authority, Passenger Facility Charge, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 6/1/29 (b) | 335,000 | 335,024 |
| Maryland Transportation Authority Passenger Facility Charge, Qualified Airport, Revenue Bonds | ||
| 3.00%, due 6/1/36 (b) | 1,500,000 | 1,333,296 |
| Montgomery County Housing Opportunities Commission, Revenue Bonds | ||
| Series A, Insured: FHA 542(c) | ||
| 3.85%, due 7/1/34 | 1,500,000 | 1,497,020 |
| 20,346,277 | ||
| Massachusetts 0.7% | ||
| Massachusetts Bay Transportation Authority, Sales Tax, Revenue Bonds | ||
| Series A | ||
| (zero coupon), due 7/1/31 | 1,000,000 | 846,117 |
| Massachusetts Bay Transportation Authority, Sales Tax, Revenue Bonds, Senior Lien | ||
| Series A-1 | ||
| 5.25%, due 7/1/48 | 2,500,000 | 2,639,176 |
| Massachusetts Development Finance Agency, Provident Commonwealth Education Resources, Inc., Revenue Bonds | ||
| 5.00%, due 10/1/30 | 1,200,000 | 1,202,138 |
| 5.00%, due 10/1/34 | 1,500,000 | 1,501,713 |
| Massachusetts Development Finance Agency, Berkshire Retirement Community, Revenue Bonds | ||
| 5.00%, due 7/1/31 | 1,065,000 | 1,065,793 |
| Massachusetts Development Finance Agency, UMass Dartmouth Student Housing Project, Revenue Bonds | ||
| 5.00%, due 10/1/34 | 500,000 | 488,354 |
| Massachusetts Development Finance Agency, Mass General Brigham Issue, Revenue Bonds | ||
| Series F | ||
| 5.00%, due 7/1/44 | 3,600,000 | 3,823,616 |
| Massachusetts Development Finance Agency, Harvard University, Revenue Bonds | ||
| Series A-1 | ||
| 5.00%, due 5/15/55 (c) | 3,000,000 | 3,282,948 |
| Massachusetts Development Finance Agency, Seven Hills Foundation and Affiliates Issue, Revenue Bonds | ||
| 5.25%, due 9/1/31 | 1,390,000 | 1,498,352 |
| 5.25%, due 9/1/38 | 640,000 | 690,363 |
| Massachusetts Educational Financing Authority, Educational Loan, Revenue Bonds | ||
| Series B | ||
| 2.00%, due 7/1/37 (b) | 600,000 | 486,382 |
| Massachusetts Housing Finance Agency, Revenue Bonds | ||
| Series 222, Insured: GNMA / FNMA / FHLMC | ||
| 3.00%, due 6/1/51 | 1,790,000 | 1,742,335 |
| 19,267,287 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Michigan 1.4% | ||
| Calhoun County Hospital Finance Authority, Oaklawn Hospital, Revenue Bonds | ||
| 5.00%, due 2/15/28 | $ 240,000 | $ 241,105 |
| Charter Township of Emmett, Unlimited General Obligation | ||
| Insured: AG | ||
| 3.00%, due 4/1/34 | 1,045,000 | 968,154 |
| City of Detroit, Unlimited General Obligation | ||
| Series A | ||
| 5.00%, due 4/1/34 | 275,000 | 288,158 |
| 5.50%, due 4/1/40 | 430,000 | 447,129 |
| Ferndale Public Schools, Unlimited General Obligation | ||
| Insured: Q-SBLF | ||
| 5.00%, due 5/1/42 | 1,090,000 | 1,150,868 |
| Four Lakes Special Assessment District, Special Assessment | ||
| Insured: AG County Guaranteed | ||
| 5.00%, due 6/1/40 | 2,130,000 | 2,236,241 |
| Grand Blanc Community Schools, Unlimited General Obligation | ||
| Insured: Q-SBLF | ||
| 2.375%, due 11/1/42 | 1,475,000 | 1,038,661 |
| Grand Rapids Economic Development Corp., Beacon Hill at Eastgate Project, Revenue Bonds | ||
| Series B-3 | ||
| 4.125%, due 11/1/30 | 1,585,000 | 1,584,483 |
| Ida Public Schools, Limited General Obligation | ||
| Insured: BAM | ||
| 5.00%, due 5/1/31 | 735,000 | 768,296 |
| Michigan Finance Authority, McLaren Health Care, Revenue Bonds | ||
| Series D-2 | ||
| 1.20%, due 10/15/38 (c) | 3,500,000 | 3,352,476 |
| Michigan Finance Authority, Trinity Health Corp., Revenue Bonds | ||
| Series MI | ||
| 3.01%, due 12/1/39 | 2,750,000 | 2,751,015 |
| Series MI-3 | ||
| 3.75%, due 12/1/38 (c) | 2,000,000 | 2,034,360 |
| Series MI-2 | ||
| 3.875%, due 12/1/44 (a)(c) | 3,440,000 | 3,441,231 |
| Michigan Finance Authority, Beaumont Health Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/1/44 | 1,000,000 | 999,995 |
| Michigan Finance Authority, Universal Learning Academy, Revenue Bonds | ||
| 6.00%, due 11/1/32 | 1,250,000 | 1,271,232 |
| Michigan State Building Authority, Revenue Bonds | ||
| Series I | ||
| 5.00%, due 4/15/41 | 1,000,000 | 1,004,451 |
| Michigan State Housing Development Authority, 24 East Ltd. Dividend Housing Association LP, Revenue Bonds | ||
| 3.625%, due 4/1/42 (c) | 1,760,000 | 1,761,559 |
| Michigan State Housing Development Authority, Revenue Bonds | ||
| Series A | ||
| 6.00%, due 12/1/56 | 1,250,000 | 1,367,968 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Michigan | ||
| Michigan State Housing Development Authority, Revenue Bonds | ||
| Series D | ||
| 6.25%, due 6/1/55 | $ 570,000 | $ 617,259 |
| Michigan Strategic Fund, Bedrock Detroit - Transformational Brownfield Plan Project, Revenue Bonds | ||
| 4.25%, due 10/1/36 (a) | 955,000 | 948,177 |
| Michigan Strategic Fund, I-75 Improvement Project, Revenue Bonds | ||
| Insured: AG | ||
| 4.25%, due 12/31/38 (b) | 500,000 | 485,185 |
| Michigan Strategic Fund, State of Michigan Department of Transportation, Revenue Bonds | ||
| 5.00%, due 12/31/43 (b) | 1,500,000 | 1,508,563 |
| Richmond Community Schools, School Building and Site, Unlimited General Obligation | ||
| Series I, Insured: Q-SBLF | ||
| 4.00%, due 5/1/36 | 750,000 | 750,674 |
| State of Michigan, Trunk Line, Revenue Bonds | ||
| 5.50%, due 11/15/44 | 2,000,000 | 2,188,755 |
| Universal Academy, Revenue Bonds | ||
| 4.00%, due 12/1/40 | 2,215,000 | 1,998,394 |
| Wayne County Airport Authority, Detroit Metropolitan Wayne County Airport, Revenue Bonds | ||
| Series B, Insured: AG | ||
| 5.50%, due 12/1/40 (b) | 1,595,000 | 1,723,711 |
| Wayne County Airport Authority, Revenue Bonds | ||
| Series B | ||
| 5.50%, due 12/1/41 (b) | 1,000,000 | 1,097,505 |
| 38,025,605 | ||
| Minnesota 1.3% | ||
| City of Independence, Global Academy Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/41 | 280,000 | 239,235 |
| City of Minneapolis, Unlimited General Obligation | ||
| 3.00%, due 12/1/33 | 1,290,000 | 1,224,533 |
| Minneapolis-St. Paul Metropolitan Airports Commission, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 1/1/33 (b) | 3,000,000 | 3,257,200 |
| Minnesota Housing Finance Agency, Residential Housing, Revenue Bonds | ||
| Series E, Insured: GNMA / FNMA / FHLMC | ||
| 3.50%, due 7/1/50 | 1,580,000 | 1,573,835 |
| Series E, Insured: GNMA / FNMA / FHLMC | ||
| 4.25%, due 1/1/49 | 1,685,000 | 1,700,483 |
| Minnesota Housing Finance Agency, Revenue Bonds | ||
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 3.80%, due 7/1/38 (b) | 1,785,000 | 1,654,730 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 7/1/56 | 2,490,000 | 2,754,044 |
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 7/1/55 | 2,325,000 | 2,573,044 |
| Series U, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 7/1/55 | 2,210,000 | 2,429,847 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Minnesota | ||
| Minnesota Housing Finance Agency, Revenue Bonds | ||
| Series F, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 1/1/56 | $ 975,000 | $ 1,064,378 |
| Minnesota Municipal Gas Agency, Gas Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 9/1/35 | 14,770,000 | 15,131,449 |
| Worthington Independent School District No. 518, Unlimited General Obligation | ||
| Series A, Insured: SD CRED PROG | ||
| 3.00%, due 2/1/34 | 1,210,000 | 1,132,403 |
| 34,735,181 | ||
| Mississippi 0.2% | ||
| Mississippi Development Bank, Greenwood Leflore Consolidated School District, Revenue Bonds | ||
| Insured: BAM | ||
| 5.00%, due 3/1/38 | 830,000 | 876,705 |
| Insured: BAM | ||
| 5.00%, due 3/1/42 | 1,380,000 | 1,424,012 |
| Mississippi Development Bank, Lamar County School District Project, Revenue Bonds | ||
| 5.25%, due 6/1/44 | 1,140,000 | 1,208,138 |
| Mississippi Home Corp., Revenue Bonds | ||
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 5.00%, due 12/1/39 | 1,000,000 | 1,053,939 |
| 4,562,794 | ||
| Missouri 1.8% | ||
| City of Poplar Bluff, Eight Points Redevelopment Project, Tax Allocation | ||
| Series A | ||
| 4.50%, due 11/1/35 | 1,000,000 | 984,517 |
| City of St. Louis, Airport, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.25%, due 7/1/49 | 1,060,000 | 1,103,842 |
| County of Phelps, Phelps Health, Revenue Bonds | ||
| 5.00%, due 12/1/34 | 1,250,000 | 1,342,487 |
| 5.00%, due 12/1/38 | 1,825,000 | 1,905,713 |
| Health & Educational Facilities Authority of the State of Missouri, BJC Health System, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 7/1/41 | 2,500,000 | 2,081,399 |
| Health & Educational Facilities Authority of the State of Missouri, Lutheran Senior Services Project, Revenue Bonds | ||
| Series C | ||
| 4.00%, due 2/1/42 | 4,025,000 | 3,648,745 |
| Health & Educational Facilities Authority of the State of Missouri, CoxHealth, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 11/15/38 | 1,000,000 | 1,067,984 |
| Series B | ||
| 5.00%, due 11/15/39 | 1,000,000 | 1,059,358 |
| Series B | ||
| 5.00%, due 11/15/44 | 1,000,000 | 1,045,041 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Missouri | ||
| Health & Educational Facilities Authority of the State of Missouri, Mercy Health, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 11/15/47 | $ 3,070,000 | $ 3,084,424 |
| Hickman Mills C-1 School District, Unlimited General Obligation | ||
| Series C-1, Insured: BAM | ||
| 5.75%, due 3/1/42 | 2,000,000 | 2,126,983 |
| Lees Summit Industrial Development Authority, John Knox Village, Revenue Bonds | ||
| Series B-3 | ||
| 3.60%, due 8/15/48 | 1,000,000 | 1,000,314 |
| Missouri Housing Development Commission, First Place Homeownership Loan Program, Revenue Bonds | ||
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 5.75%, due 5/1/56 | 2,225,000 | 2,390,425 |
| Series F, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 5/1/56 | 5,900,000 | 6,402,642 |
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 5/1/57 | 7,000,000 | 7,741,647 |
| Missouri Housing Development Commission, Revenue Bonds | ||
| Series E, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 5/1/54 | 8,250,000 | 9,121,407 |
| Missouri Joint Municipal Electric Utility Commission, Prairie State Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/40 | 1,450,000 | 1,451,485 |
| Missouri State Environmental Improvement & Energy Resources Authority, Union Electric Co., Revenue Bonds | ||
| Series B | ||
| 2.90%, due 9/1/33 | 1,500,000 | 1,391,039 |
| 48,949,452 | ||
| Montana 0.1% | ||
| County of Gallatin, Bozeman Fiber Project, Revenue Bonds (a) | ||
| Series A | ||
| 4.00%, due 10/15/32 | 650,000 | 538,965 |
| Series A | ||
| 4.00%, due 10/15/41 | 145,000 | 96,549 |
| Montana Facility Finance Authority, Bozeman Deaconess Health Services Obligated Group, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 6/1/56 (c) | 1,000,000 | 1,086,007 |
| 1,721,521 | ||
| Nebraska 0.3% | ||
| Central Plains Energy Project, Project No. 3, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 9/1/27 | 1,000,000 | 1,016,569 |
| Series A | ||
| 5.00%, due 9/1/29 | 1,000,000 | 1,033,426 |
| Central Plains Energy Project, Project No. 5, Revenue Bonds | ||
| Series 1 | ||
| 5.00%, due 5/1/53 (c) | 2,490,000 | 2,579,309 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Nebraska | ||
| Nebraska Investment Finance Authority, Revenue Bonds | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 2.15%, due 3/1/31 | $ 1,150,000 | $ 1,046,675 |
| Omaha Public Power District, Electric System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 2/1/42 | 835,000 | 845,691 |
| Omaha School District, Unlimited General Obligation | ||
| 1.75%, due 12/15/35 | 1,500,000 | 1,174,350 |
| 7,696,020 | ||
| Nevada 0.2% | ||
| City of Sparks, Special Improvement District No. 1, Special Assessment | ||
| 5.00%, due 6/1/39 | 425,000 | 439,126 |
| County of Washoe, Sierra Pacific Power Co., Revenue Bonds | ||
| Series G | ||
| 3.625%, due 3/1/36 (c) | 1,000,000 | 1,000,817 |
| Lyon County School District, Limited General Obligation | ||
| Series A, Insured: PSF-GTD | ||
| 2.40%, due 6/1/35 | 1,910,000 | 1,679,364 |
| Reno-Tahoe Airport Authority, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 7/1/39 (b) | 725,000 | 774,664 |
| Sparks Tourism Improvement District No. 1, Legends at Sparks Marina, Revenue Bonds | ||
| 3.875%, due 6/15/28 | 515,000 | 516,583 |
| State of Nevada, Highway Improvement, Revenue Bonds | ||
| Series C | ||
| 3.00%, due 12/1/41 | 1,000,000 | 862,415 |
| Tahoe-Douglas Visitors Authority, Revenue Bonds | ||
| 5.00%, due 7/1/33 | 500,000 | 520,531 |
| 5,793,500 | ||
| New Hampshire 2.4% | ||
| New Hampshire Business Finance Authority, Revenue Bonds | ||
| (zero coupon), due 12/1/34 (a) | 1,000,000 | 566,055 |
| Series 2 | ||
| 3.625%, due 8/20/39 | 1,771,804 | 1,667,441 |
| Series 1, Class A | ||
| 4.166%, due 1/20/41 (c) | 2,606,608 | 2,496,670 |
| Series 4, Class A | ||
| 4.182%, due 11/20/39 (c) | 5,900,012 | 5,684,144 |
| Series 2, Class A-1 | ||
| 4.22%, due 11/20/42 (c) | 12,148,209 | 11,528,825 |
| Series 1, Class A-1 | ||
| 4.25%, due 7/20/41 (c) | 3,134,491 | 2,961,019 |
| Series 2 | ||
| 4.25%, due 7/20/41 | 1,214,120 | 1,170,318 |
| Series 2, Class A-1 | ||
| 4.40%, due 2/20/43 (c) | 6,491,998 | 6,438,722 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New Hampshire | ||
| New Hampshire Business Finance Authority, Revenue Bonds | ||
| Series 3, Class A-1 | ||
| 4.946%, due 2/20/41 (c) | $ 8,454,958 | $ 8,465,146 |
| New Hampshire Business Finance Authority, The Astro Sunterra Project, Revenue Bonds | ||
| (zero coupon), due 12/15/34 (a) | 2,000,000 | 1,155,540 |
| New Hampshire Business Finance Authority, Pennichuck Water Works, Inc. Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 4/1/30 (b) | 300,000 | 299,766 |
| New Hampshire Business Finance Authority, Sustainable Certificates, Revenue Bonds | ||
| Series 3, Class A | ||
| 4.162%, due 10/1/51 (c) | 3,551,600 | 3,391,944 |
| New Hampshire Business Finance Authority, Caldwell Ranch Project, Revenue Bonds | ||
| 4.875%, due 12/1/33 (a) | 1,000,000 | 996,081 |
| New Hampshire Business Finance Authority, Ascentria Care Alliance Project, Revenue Bonds | ||
| 5.00%, due 7/1/31 (a) | 685,000 | 694,217 |
| New Hampshire Business Finance Authority, Adventist Health Energy Project, Revenue Bonds | ||
| Series C | ||
| 5.25%, due 7/1/38 | 175,000 | 184,101 |
| Series C | ||
| 5.25%, due 7/1/39 | 895,000 | 934,750 |
| Series C | ||
| 5.25%, due 7/1/40 | 1,285,000 | 1,336,238 |
| New Hampshire Business Finance Authority, Valencia Project, Revenue Bonds | ||
| 5.30%, due 12/1/32 (a) | 1,833,000 | 1,820,629 |
| New Hampshire Business Finance Authority, Woodloands Hills Utility Districts 128A & 129 (The), Revenue Bonds | ||
| 5.875%, due 12/15/36 (a) | 3,450,000 | 3,454,101 |
| New Hampshire Business Finance Authority, Bridgeland Muds Project, Revenue Bonds | ||
| 6.125%, due 12/15/33 (a) | 1,250,000 | 1,246,250 |
| New Hampshire Health and Education Facilities Authority Act, Trustees of Dartmouth College, Revenue Bonds | ||
| Series C | ||
| 3.30%, due 6/1/38 (c) | 1,045,000 | 1,046,049 |
| New Hampshire Health and Education Facilities Authority Act, Granite Edvance Corp., Revenue Bonds (b) | ||
| Series B | ||
| 5.00%, due 11/1/27 | 500,000 | 508,573 |
| Series B | ||
| 5.00%, due 11/1/28 | 550,000 | 566,264 |
| New Hampshire Housing Finance Authority, Revenue Bonds | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 1/1/55 | 865,000 | 932,195 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 1/1/56 | 2,800,000 | 3,120,357 |
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 7/1/56 | 2,955,000 | 3,306,697 |
| 65,972,092 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New Jersey 1.2% | ||
| City of Atlantic City, Unlimited General Obligation | ||
| Series A, Insured: BAM State Aid Withholding | ||
| 5.00%, due 3/1/42 | $ 1,215,000 | $ 1,220,107 |
| Hillsdale School District, Unlimited General Obligation | ||
| Insured: SCH BD RES FD | ||
| 2.25%, due 8/15/32 | 1,375,000 | 1,246,991 |
| New Jersey Economic Development Authority, Provident Group-Rowan Properties LLC, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/30 | 1,465,000 | 1,469,140 |
| New Jersey Economic Development Authority, Port Newark Container Terminal LLC, Revenue Bonds | ||
| 5.00%, due 10/1/37 (b) | 1,500,000 | 1,513,235 |
| New Jersey Economic Development Authority, Continental Airlines, Inc. Project, Revenue Bonds | ||
| Series B | ||
| 5.625%, due 11/15/30 (b) | 215,000 | 215,296 |
| New Jersey Higher Education Student Assistance Authority, Revenue Bonds, Senior Lien (b) | ||
| Series B | ||
| 4.25%, due 12/1/45 | 920,000 | 899,377 |
| Series 1-B | ||
| 4.50%, due 12/1/45 | 3,000,000 | 2,970,769 |
| New Jersey Higher Education Student Assistance Authority, Revenue Bonds (b) | ||
| Series A | ||
| 4.25%, due 12/1/46 | 4,320,000 | 4,183,510 |
| Series A | ||
| 5.00%, due 12/1/34 | 1,600,000 | 1,711,350 |
| New Jersey Housing & Mortgage Finance Agency, Revenue Bonds | ||
| Series B, Insured: HUD Sector 8 | ||
| 3.50%, due 5/1/29 | 2,250,000 | 2,263,544 |
| New Jersey Housing & Mortgage Finance Agency, Single-Family Home Mortgage, Revenue Bonds | ||
| Series B | ||
| 3.80%, due 10/1/32 (b) | 1,700,000 | 1,649,320 |
| New Jersey Transportation Trust Fund Authority, Transportation Program, Revenue Bonds | ||
| Series BB | ||
| 5.00%, due 6/15/42 | 10,000,000 | 10,522,947 |
| Series AA | ||
| 5.25%, due 6/15/43 | 2,790,000 | 2,858,043 |
| New Jersey Turnpike Authority, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 1/1/42 | 1,000,000 | 1,057,389 |
| 33,781,018 | ||
| New Mexico 0.3% | ||
| City of Farmington, Public Service Co. of New Mexico, Revenue Bonds | ||
| Series B | ||
| 3.875%, due 6/1/40 (c) | 1,800,000 | 1,827,265 |
| Mesa Del Sol Public Improvement District No. 1, Revenue Bonds | ||
| Series A | ||
| 4.35%, due 10/1/36 (a) | 750,000 | 741,645 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New Mexico | ||
| New Mexico Mortgage Finance Authority, Single Family Mortgage Program, Revenue Bonds | ||
| Series C, Class I, Insured: GNMA / FNMA / FHLMC | ||
| 5.50%, due 3/1/57 | $ 2,000,000 | $ 2,143,751 |
| Series A, Class I | ||
| 5.75%, due 3/1/57 | 1,000,000 | 1,076,926 |
| New Mexico Mortgage Finance Authority, Revenue Bonds | ||
| Series E, Class I, Insured: GNMA / FNMA / FHLMC | ||
| 5.50%, due 3/1/57 (g) | 1,575,000 | 1,690,442 |
| 7,480,029 | ||
| New York 4.8% | ||
| Albany Capital Resource Corp., Albany Leadership Charter High School For Girls Project, Revenue Bonds | ||
| 4.00%, due 6/1/29 (d)(e) | 215,000 | 142,615 |
| Albany Capital Resource Corp., Medical Center Hospital Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 5/1/38 | 1,000,000 | 1,084,180 |
| Series A | ||
| 5.00%, due 5/1/40 | 1,500,000 | 1,605,233 |
| Build NYC Resource Corp., Pratt Paper, Inc. Project, Revenue Bonds | ||
| 5.00%, due 1/1/35 (a)(b) | 900,000 | 901,008 |
| Build NYC Resource Corp., TrIPs Obligated Group, Revenue Bonds | ||
| 5.50%, due 7/1/42 (b) | 1,135,000 | 1,204,842 |
| City of New York, Unlimited General Obligation | ||
| Series C-1, Insured: BAM | ||
| 5.00%, due 9/1/47 | 1,500,000 | 1,558,549 |
| Series G-1 | ||
| 5.25%, due 2/1/45 | 1,490,000 | 1,596,025 |
| Series C | ||
| 5.25%, due 3/1/47 | 1,000,000 | 1,051,628 |
| Hudson Yards Infrastructure Corp., Second Indenture, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 4.00%, due 2/15/47 | 540,000 | 487,426 |
| Hudson Yards Infrastructure Corp., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 2/15/45 | 2,380,000 | 2,392,483 |
| Long Island Power Authority, Revenue Bonds | ||
| Series B | ||
| 3.00%, due 9/1/49 (c) | 3,185,000 | 3,105,349 |
| Metropolitan Transportation Authority, Revenue Bonds | ||
| Series B-2 | ||
| 3.00%, due 11/15/39 | 1,000,000 | 801,577 |
| Series B | ||
| 4.00%, due 11/15/36 | 750,000 | 741,356 |
| Series A | ||
| 5.00%, due 11/15/44 | 4,000,000 | 4,183,738 |
| Monroe County Industrial Development Corp., Rochester Regional Health Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 12/1/36 | 1,800,000 | 1,727,310 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New York | ||
| Nassau County Local Economic Assistance Corp., Roosevelt Children's Academy Charter School, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/33 | $ 700,000 | $ 633,971 |
| New York City Housing Development Corp., Revenue Bonds | ||
| Series C, Insured: HUD Sector 8 FNMA | ||
| 2.40%, due 8/1/40 | 1,500,000 | 1,143,540 |
| Series G-2 | ||
| 3.15%, due 5/1/66 (c) | 2,725,000 | 2,685,693 |
| Series F-2 | ||
| 3.40%, due 11/1/64 (c) | 1,100,000 | 1,102,062 |
| Series C-2 | ||
| 3.75%, due 5/1/65 (c) | 2,750,000 | 2,767,644 |
| New York City Housing Development Corp., Multi-Family Housing, Sustainable Neighborhood, Revenue Bonds | ||
| Series F-2A, Insured: FHA 542(c) | ||
| 3.40%, due 11/1/62 (c) | 410,000 | 410,013 |
| New York City Municipal Water Finance Authority, Water & Sewer System Second General Resolution, Revenue Bonds | ||
| Series DD-2 | ||
| 5.00%, due 6/15/40 | 1,000,000 | 1,019,328 |
| New York City Municipal Water Finance Authority, New York City Water & Sewer System, Revenue Bonds | ||
| Series CC | ||
| 5.00%, due 6/15/46 | 1,500,000 | 1,573,490 |
| New York City Transitional Finance Authority, Revenue Bonds | ||
| Series F-3 | ||
| 3.25%, due 2/1/42 | 5,000,000 | 4,146,577 |
| Series F-1 | ||
| 5.00%, due 2/1/42 | 3,410,000 | 3,633,310 |
| Series F-1 | ||
| 5.00%, due 5/1/42 | 750,000 | 755,760 |
| Series H-1 | ||
| 5.00%, due 11/1/42 | 2,500,000 | 2,652,030 |
| Series A | ||
| 5.00%, due 11/1/43 | 2,055,000 | 2,189,821 |
| Series B | ||
| 5.00%, due 5/1/46 | 2,500,000 | 2,603,684 |
| Series H-1 | ||
| 5.00%, due 11/1/46 | 1,100,000 | 1,146,489 |
| Series C | ||
| 5.25%, due 5/1/48 | 2,000,000 | 2,085,174 |
| Series D | ||
| 5.25%, due 5/1/48 | 2,750,000 | 2,878,583 |
| Series C | ||
| 5.50%, due 5/1/41 | 2,000,000 | 2,191,342 |
| New York Liberty Development Corp., Bank of America Tower at One Bryant Park Project, Revenue Bonds | ||
| 2.45%, due 9/15/69 | 500,000 | 482,976 |
| New York Liberty Development Corp., 4 World Trade Center Project, Revenue Bonds | ||
| Series A, Insured: AG-CR | ||
| 2.75%, due 11/15/41 | 370,000 | 284,351 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New York | ||
| New York Liberty Development Corp., 1 World Trade Center Project, Revenue Bonds | ||
| Insured: BAM | ||
| 4.00%, due 2/15/43 | $ 1,500,000 | $ 1,412,012 |
| New York Liberty Development Corp., 3 World Trade Center Project, Revenue Bonds (a) | ||
| Class 1 | ||
| 5.00%, due 11/15/44 | 2,445,000 | 2,448,368 |
| Class 2 | ||
| 5.375%, due 11/15/40 | 2,000,000 | 2,002,383 |
| New York State Dormitory Authority, State Personal Income Tax, Revenue Bonds | ||
| Series E | ||
| 3.00%, due 3/15/41 | 250,000 | 206,742 |
| Series E | ||
| 4.00%, due 3/15/45 | 1,950,000 | 1,799,991 |
| Series B | ||
| 5.00%, due 2/15/40 | 5,000 | 5,117 |
| Series B | ||
| 5.00%, due 2/15/40 | 1,295,000 | 1,313,643 |
| New York State Dormitory Authority, White Plains Hospital Obligated Group, Revenue Bonds | ||
| 5.00%, due 10/1/34 | 1,625,000 | 1,737,903 |
| Insured: AG | ||
| 5.00%, due 10/1/39 | 1,500,000 | 1,593,635 |
| New York State Dormitory Authority, Sales tax, Revenue Bonds | ||
| Series E-3 | ||
| 5.00%, due 3/15/41 | 1,500,000 | 1,543,053 |
| New York State Dormitory Authority, Roswell Park Cancer Institute Corp. Obligated Group, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.25%, due 7/1/41 | 1,300,000 | 1,414,777 |
| Series A, Insured: AG | ||
| 5.25%, due 7/1/45 | 600,000 | 640,751 |
| New York State Dormitory Authority, Iona University, Revenue Bonds | ||
| Insured: AG | ||
| 5.50%, due 7/1/43 | 1,000,000 | 1,088,445 |
| New York State Housing Finance Agency, Personal Income Tax, Revenue Bonds | ||
| Series A-2 | ||
| 3.35%, due 6/15/54 (c) | 1,000,000 | 1,001,582 |
| New York State Housing Finance Agency, Revenue Bonds (c) | ||
| Series D-2, Insured: SONYMA | ||
| 3.375%, due 5/1/65 | 6,580,000 | 6,441,481 |
| Series B-2, Insured: SONYMA HUD Sector 8 | ||
| 3.60%, due 11/1/64 | 2,000,000 | 2,003,966 |
| New York State Thruway Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 9/15/44 | 2,500,000 | 2,660,406 |
| Series A | ||
| 5.00%, due 9/15/46 | 2,605,000 | 2,742,664 |
| New York Transportation Development Corp., Laguardia Airport Terminal B Redevelopment Project, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/33 (b) | 1,000,000 | 981,101 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New York | ||
| New York Transportation Development Corp., Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment Project, Revenue Bonds (b) | ||
| 4.00%, due 1/1/36 | $ 1,000,000 | $ 986,542 |
| 4.375%, due 10/1/45 | 1,250,000 | 1,180,707 |
| 5.00%, due 1/1/29 | 1,230,000 | 1,260,181 |
| 5.00%, due 1/1/33 | 1,550,000 | 1,578,490 |
| New York Transportation Development Corp., LaGuardia Airport Terminal B Redevelopment Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/46 (b) | 4,000,000 | 3,936,312 |
| New York Transportation Development Corp., JFK International Airport, Revenue Bonds (b) | ||
| Insured: AG-CR | ||
| 5.25%, due 6/30/37 | 1,000,000 | 1,070,902 |
| Insured: AG | ||
| 5.50%, due 6/30/38 | 1,580,000 | 1,725,875 |
| New York Transportation Development Corp., JFK NTO LLC, Revenue Bonds | ||
| 5.50%, due 6/30/41 (b) | 1,700,000 | 1,767,707 |
| Niagara Frontier Transportation Authority, Buffalo Niagara International Airport, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 4/1/36 (b) | 865,000 | 884,727 |
| Onondaga Civic Development Corp., Syracuse University Project, Revenue Bonds | ||
| 5.00%, due 12/1/40 | 500,000 | 548,635 |
| Poland Central School District, Unlimited General Obligation | ||
| Insured: BAM State Aid Withholding | ||
| 2.00%, due 6/15/34 | 820,000 | 672,572 |
| Port Authority of New York & New Jersey, Revenue Bonds | ||
| Series 234 | ||
| 5.00%, due 8/1/38 (b) | 3,500,000 | 3,670,130 |
| State of New York Mortgage Agency, Homeowner Mortgage, Revenue Bonds | ||
| Series 233 | ||
| 2.20%, due 4/1/36 | 1,540,000 | 1,269,547 |
| Series 189 | ||
| 3.45%, due 10/1/27 (b) | 2,950,000 | 2,947,187 |
| Series 189 | ||
| 3.50%, due 4/1/28 (b) | 2,680,000 | 2,679,920 |
| Series 189 | ||
| 3.50%, due 10/1/28 (b) | 3,465,000 | 3,461,757 |
| Series 189 | ||
| 3.60%, due 10/1/29 (b) | 1,955,000 | 1,947,699 |
| Town of Colonie, Limited General Obligation | ||
| Insured: AG | ||
| 2.00%, due 3/1/29 | 985,000 | 940,253 |
| Town of Plattsburgh, Limited General Obligation | ||
| 2.00%, due 8/15/34 | 530,000 | 434,735 |
| Triborough Bridge & Tunnel Authority, MTA Bridges & Tunnels, Revenue Bonds, Senior Lien | ||
| Series A-2, Insured: AG-CR | ||
| 2.00%, due 5/15/45 (c) | 250,000 | 243,886 |
| Series C | ||
| 5.25%, due 11/15/40 | 1,000,000 | 1,096,445 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| New York | ||
| Triborough Bridge & Tunnel Authority, MTA Bridges & Tunnels, Revenue Bonds | ||
| Series A-1 | ||
| 5.00%, due 11/15/43 | $ 1,600,000 | $ 1,719,828 |
| Westchester County Local Development Corp., Sunrise of Tarrytown Project, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.25%, due 12/1/40 (a) | 1,285,000 | 1,278,361 |
| 129,309,575 | ||
| North Carolina 1.8% | ||
| City of Fayetteville, Public Works Commission, Revenue Bonds | ||
| 2.25%, due 3/1/41 | 3,760,000 | 2,777,249 |
| County of Alamance, Unlimited General Obligation | ||
| 2.00%, due 5/1/35 | 1,500,000 | 1,259,131 |
| County of Durham, Unlimited General Obligation | ||
| Series B | ||
| 5.00%, due 10/1/43 | 2,150,000 | 2,340,255 |
| County of Gaston, Unlimited General Obligation | ||
| 5.00%, due 3/1/39 | 1,250,000 | 1,374,837 |
| Durham Housing Authority, Sandy Ridge Station, Revenue Bonds | ||
| 3.20%, due 1/1/44 (c) | 4,500,000 | 4,490,707 |
| Greater Asheville Regional Airport Authority, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 7/1/30 (b) | 1,500,000 | 1,593,069 |
| Nash Health Care Systems, Healthcare Facilities, Revenue Bonds | ||
| 5.50%, due 2/1/44 | 500,000 | 535,197 |
| North Carolina Department of Transportation, I-77 Hot Lanes Project, Revenue Bonds | ||
| 5.00%, due 12/31/37 (b) | 1,125,000 | 1,125,528 |
| North Carolina Housing Finance Agency, Home Owenership, Revenue Bonds | ||
| Series 46-A, Insured: GNMA / FNMA / FHLMC | ||
| 1.90%, due 1/1/33 | 705,000 | 598,093 |
| North Carolina Housing Finance Agency, Revenue Bonds | ||
| Series 45, Insured: GNMA / FNMA / FHLMC | ||
| 2.00%, due 7/1/35 | 1,575,000 | 1,322,092 |
| Series 43, Insured: GNMA / FNMA / FHLMC | ||
| 2.625%, due 1/1/35 | 1,245,000 | 1,101,984 |
| Series 38-B | ||
| 3.85%, due 7/1/37 | 2,510,000 | 2,387,214 |
| Series 50, Insured: GNMA / FNMA / FHLMC | ||
| 5.50%, due 1/1/54 | 785,000 | 833,949 |
| Series 54-A, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 1/1/55 | 925,000 | 1,015,683 |
| North Carolina Housing Finance Agency, 1998 Trust Agreement, Revenue Bonds | ||
| Series 57-A, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 1/1/56 | 3,440,000 | 3,798,226 |
| Series 60, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 7/1/57 | 1,780,000 | 1,993,130 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| North Carolina | ||
| North Carolina Medical Care Commission, First Mortgage, Porters Neck Village, Revenue Bonds | ||
| Series B-2 | ||
| 3.60%, due 1/1/31 | $ 1,500,000 | $ 1,490,210 |
| North Carolina Medical Care Commission, United Methodist Retirement Homes, Inc., Revenue Bonds | ||
| Series B-2 | ||
| 3.625%, due 10/1/30 | 750,000 | 749,995 |
| North Carolina Medical Care Commission, EveryAge Obligated Group, Revenue Bonds | ||
| Series B | ||
| 4.00%, due 9/1/34 | 875,000 | 880,969 |
| North Carolina Medical Care Commission, Duke University Health System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/42 | 2,320,000 | 2,431,309 |
| Series B | ||
| 5.00%, due 6/1/55 (c) | 1,530,000 | 1,622,148 |
| North Carolina State Education Assistance Authority, Revenue Bonds, Senior Lien (b) | ||
| Series A | ||
| 5.50%, due 6/1/30 | 4,875,000 | 5,135,840 |
| Series A | ||
| 5.50%, due 6/1/31 | 3,250,000 | 3,452,466 |
| Series A | ||
| 5.50%, due 6/1/32 | 3,000,000 | 3,202,359 |
| North Carolina Turnpike Authority, Triangle Expressway System, Revenue Bonds, Senior Lien | ||
| Insured: AG | ||
| 5.00%, due 1/1/36 | 1,545,000 | 1,597,390 |
| Insured: AG | ||
| 5.00%, due 1/1/49 | 1,000,000 | 1,013,423 |
| 50,122,453 | ||
| North Dakota 0.2% | ||
| City of Grand Forks, Altru Health System, Revenue Bonds | ||
| Insured: AG-CR | ||
| 4.00%, due 12/1/37 | 310,000 | 298,135 |
| Series A, Insured: AG | ||
| 5.00%, due 12/1/30 | 700,000 | 742,037 |
| Series A, Insured: AG | ||
| 5.00%, due 12/1/31 | 650,000 | 694,436 |
| Series A, Insured: AG | ||
| 5.00%, due 12/1/32 | 800,000 | 860,043 |
| Series A, Insured: AG | ||
| 5.00%, due 12/1/33 | 1,000,000 | 1,080,566 |
| North Dakota Housing Finance Agency, Revenue Bonds | ||
| Series D | ||
| 6.00%, due 7/1/55 | 960,000 | 1,048,213 |
| Series C | ||
| 6.25%, due 1/1/55 | 925,000 | 1,016,042 |
| 5,739,472 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Ohio 1.8% | ||
| American Municipal Power, Inc., Meldahl Hydroelectric Project, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 4.00%, due 2/15/41 | $ 370,000 | $ 347,992 |
| Buckeye Tobacco Settlement Financing Authority, Revenue Bonds, Senior Lien | ||
| Series A-2 | ||
| 3.00%, due 6/1/48 | 1,500,000 | 1,060,793 |
| Series A-2, Class 1 | ||
| 4.00%, due 6/1/37 | 2,500,000 | 2,508,940 |
| City of Norwood, Rockwood Exchange Project, Tax Allocation | ||
| 4.375%, due 12/1/30 | 510,000 | 513,043 |
| City of Toledo, Various Purpose Improvement, Limited General Obligation | ||
| Insured: AG | ||
| 5.25%, due 12/1/35 | 1,000,000 | 1,087,997 |
| Insured: AG | ||
| 5.25%, due 12/1/37 | 750,000 | 806,996 |
| Cloverleaf Local School District, Certificate of Participation | ||
| Insured: BAM | ||
| 5.375%, due 12/1/37 | 750,000 | 776,948 |
| Columbus Regional Airport Authority, John Glenn Columbus International Airport, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 1/1/42 (b) | 3,000,000 | 3,173,625 |
| County of Hamilton, Christ Hospital (The), Revenue Bonds | ||
| Insured: AG | ||
| 5.25%, due 6/1/43 | 2,530,000 | 2,676,082 |
| Forest Hills Local School District, Unlimited General Obligation | ||
| 5.00%, due 12/1/44 | 490,000 | 490,157 |
| JobsOhio Beverage System, Statewide, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.00%, due 1/1/38 | 9,875,000 | 10,902,825 |
| Ohio Air Quality Development Authority, American Electric Power Co. Project, Revenue Bonds | ||
| Series B | ||
| 2.50%, due 11/1/42 (b)(c) | 1,000,000 | 962,029 |
| 3.50%, due 8/1/34 (c) | 2,000,000 | 1,989,610 |
| Series D | ||
| 3.70%, due 10/1/28 (b) | 2,000,000 | 2,008,529 |
| Series A | ||
| 3.75%, due 1/1/29 (b) | 1,000,000 | 1,005,109 |
| Ohio Air Quality Development Authority, Ohio Valley Electric Corp. Project, Revenue Bonds | ||
| Series A | ||
| 3.25%, due 9/1/29 | 3,605,000 | 3,568,246 |
| Ohio Air Quality Development Authority, Pratt Paper LLC Project, Revenue Bonds (a)(b) | ||
| 3.75%, due 1/15/28 | 320,000 | 321,775 |
| 4.25%, due 1/15/38 | 1,000,000 | 979,597 |
| 4.50%, due 1/15/48 | 750,000 | 704,586 |
| Ohio Housing Finance Agency, Revenue Bonds | ||
| Series B | ||
| 3.00%, due 9/1/39 | 505,000 | 427,619 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Ohio | ||
| Ohio Housing Finance Agency, Revenue Bonds | ||
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 3/1/56 | $ 1,465,000 | $ 1,593,722 |
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 3/1/56 | 995,000 | 1,115,836 |
| Ohio Housing Finance Agency, Marsh Run Homes Project, Revenue Bonds | ||
| 3.20%, due 1/1/46 (c) | 2,500,000 | 2,501,289 |
| Port of Greater Cincinnati Development Authority, Revenue Bonds, Senior Lien | ||
| 5.00%, due 3/1/41 (a) | 1,860,000 | 1,822,065 |
| Port of Greater Cincinnati Development Authority, RBM Phase 3 Garage Project, Tax Allocation | ||
| 5.00%, due 12/1/44 | 1,000,000 | 1,015,213 |
| State of Ohio, Portsmouth Bypass Project, Revenue Bonds | ||
| Insured: AG | ||
| 5.00%, due 12/31/35 (b) | 1,000,000 | 1,000,673 |
| Summit County Development Finance Authority, PRG - Akron Properties LLC, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 5.00%, due 7/1/36 | 360,000 | 385,081 |
| Series A, Insured: BAM | ||
| 5.00%, due 7/1/38 | 990,000 | 1,043,846 |
| Series A, Insured: BAM | ||
| 5.00%, due 7/1/45 | 1,000,000 | 1,019,542 |
| 47,809,765 | ||
| Oklahoma 0.3% | ||
| Carter County Public Facilities Authority, Carter County Independent School District No. 19 Ardmore, Revenue Bonds | ||
| 5.00%, due 9/1/32 | 1,070,000 | 1,091,446 |
| Oklahoma Housing Finance Agency, Homeownership Loan Program, Revenue Bonds | ||
| Series D, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 3/1/56 | 3,430,000 | 3,796,112 |
| Tulsa Authority for Economic Opportunity, Sante FE Square Project, Tax Allocation | ||
| 4.375%, due 12/1/41 (a) | 1,000,000 | 934,057 |
| Tulsa Municipal Airport Trust Trustees, American Airlines, Inc. Project, Revenue Bonds | ||
| 6.25%, due 12/1/35 (b) | 1,000,000 | 1,118,888 |
| 6,940,503 | ||
| Oregon 1.3% | ||
| City of Portland, Sewer System, Revenue Bonds, Second Lien | ||
| Series A | ||
| 5.00%, due 12/1/47 | 1,000,000 | 1,036,403 |
| City of Redmond, Airport Expansion Projects, Limited General Obligation (b) | ||
| Series A | ||
| 5.00%, due 6/1/36 | 1,485,000 | 1,599,819 |
| Series A | ||
| 5.25%, due 6/1/42 | 1,395,000 | 1,475,738 |
| Clackamas County School District No. 7J, Lake Oswego, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/1/42 | 2,650,000 | 2,866,125 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Oregon | ||
| Clackamas County School District No. 7J, Lake Oswego, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/1/44 | $ 3,750,000 | $ 4,016,190 |
| County of Clackamas, Limited General Obligation | ||
| 1.875%, due 6/1/39 | 1,070,000 | 780,753 |
| Multnomah County School District No. 1J, Portland Public Schools, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 3.00%, due 6/15/37 | 2,000,000 | 1,770,144 |
| Oregon State Lottery, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 4/1/38 | 1,250,000 | 1,376,043 |
| Port of Portland, Airport, Revenue Bonds (b) | ||
| Series 30-A | ||
| 5.25%, due 7/1/44 | 8,000,000 | 8,420,426 |
| Series 29 | ||
| 5.50%, due 7/1/48 | 500,000 | 521,572 |
| Salem Hospital Facility Authority, Salem Health Projects, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 5/15/41 | 1,000,000 | 916,797 |
| State of Oregon, Article XI-H Pollution Control, Unlimited General Obligation | ||
| Series D | ||
| 5.00%, due 5/1/40 | 860,000 | 936,362 |
| State of Oregon, Articles XI-M, XI-N, XI-P State Projects, Unlimited General Obligation | ||
| Series C | ||
| 5.00%, due 6/1/41 | 1,750,000 | 1,894,922 |
| State of Oregon, Article XI-Q State Projects, Unlimited General Obligation | ||
| Series A | ||
| 5.25%, due 5/1/45 | 2,500,000 | 2,712,723 |
| State of Oregon, Veterans Welfare, Unlimited General Obligation | ||
| Series I | ||
| 6.25%, due 6/1/55 | 1,480,000 | 1,615,902 |
| State of Oregon, Housing & Community Services Department, Revenue Bonds | ||
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 7/1/54 | 985,000 | 1,081,276 |
| Tri-County Metropolitan Transportation District of Oregon, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 3.00%, due 9/1/44 | 5,000 | 4,039 |
| Union County Hospital Facility Authority, Grande Ronde Hospital Project, Revenue Bonds | ||
| 5.00%, due 7/1/47 | 500,000 | 478,133 |
| Washington & Clackamas Counties School District No. 23J, Tigard-Tualatin, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 5.00%, due 6/15/43 | 2,500,000 | 2,670,039 |
| 36,173,406 | ||
| Pennsylvania 2.5% | ||
| Adams County General Authority, Brethren Home Community Project (The), Revenue Bonds | ||
| Series B-1 | ||
| 3.90%, due 6/1/30 | 2,250,000 | 2,236,652 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Pennsylvania | ||
| Allegheny County Airport Authority, Pittsburgh International Airport, Revenue Bonds (b) | ||
| Series A, Insured: AG | ||
| 5.00%, due 1/1/33 | $ 1,480,000 | $ 1,592,794 |
| Series A, Insured: AG | ||
| 5.00%, due 1/1/35 | 2,500,000 | 2,711,280 |
| Series A, Insured: AG | ||
| 5.50%, due 1/1/42 | 2,000,000 | 2,132,222 |
| Series A, Insured: AG | ||
| 5.50%, due 1/1/43 | 1,500,000 | 1,594,304 |
| Allentown Neighborhood Improvement Zone Development Authority, City Center Project, Revenue Bonds | ||
| 5.00%, due 5/1/32 (a) | 220,000 | 220,925 |
| Allentown Neighborhood Improvement Zone Development Authority, 615 Waterfront Project, Revenue Bonds | ||
| 6.00%, due 5/1/42 (a) | 500,000 | 523,588 |
| Chester County Industrial Development Authority, Renaissance Academy Charter School, Revenue Bonds | ||
| 5.00%, due 10/1/34 (a) | 705,000 | 725,529 |
| Chester County Industrial Development Authority, Collegium Charter School, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 10/15/47 | 750,000 | 657,356 |
| Coatesville School District, Limited General Obligation | ||
| Insured: BAM State Aid Withholding | ||
| 5.25%, due 11/15/37 | 5,000,000 | 5,235,700 |
| Commonwealth Financing Authority, Tobacco Master Settlement Payment, Revenue Bonds | ||
| Insured: AG | ||
| 4.00%, due 6/1/39 | 1,000,000 | 951,398 |
| County of Allegheny, Unlimited General Obligation | ||
| Series C-76 | ||
| 5.00%, due 11/1/41 | 1,000,000 | 1,005,461 |
| Cumberland Valley School District, Limited General Obligation | ||
| Series A, Insured: AG State Aid Withholding | ||
| 5.00%, due 11/15/44 | 1,275,000 | 1,326,253 |
| Dauphin County General Authority, Harrisburg University Science Technology Project (The), Revenue Bonds | ||
| 5.00%, due 10/15/30 (a) | 1,000,000 | 550,000 |
| Doylestown Hospital Authority, Doylestown Hospital Obligated Group, Revenue Bonds | ||
| 5.00%, due 7/1/31 (a) | 250,000 | 261,318 |
| Indiana County Industrial Development Authority, Foundation for Indiana University of Pennsylvania (The), Revenue Bonds | ||
| Insured: BAM | ||
| 5.00%, due 5/1/29 | 250,000 | 259,204 |
| Northampton County General Purpose Authority, St. Luke's University Health Network, Revenue Bonds | ||
| Series A-2 | ||
| 5.00%, due 8/15/34 | 1,300,000 | 1,425,169 |
| Pennsylvania Economic Development Financing Authority, UPMC Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/15/40 | 1,500,000 | 1,618,189 |
| Series A | ||
| 5.00%, due 12/15/42 | 2,000,000 | 2,103,405 |
| Pennsylvania Economic Development Financing Authority, Penndot Major Bridges Project, Revenue Bonds (b) | ||
| 5.25%, due 6/30/36 | 3,250,000 | 3,458,648 |
| 5.50%, due 6/30/37 | 250,000 | 267,187 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Pennsylvania | ||
| Pennsylvania Economic Development Financing Authority, Penndot Major Bridges Project, Revenue Bonds (b) | ||
| 5.50%, due 6/30/38 | $ 500,000 | $ 531,561 |
| Pennsylvania Higher Education Assistance Agency, Revenue Bonds (b) | ||
| Series 1-A | ||
| 4.25%, due 6/1/47 | 3,500,000 | 3,377,913 |
| Series 1-A | ||
| 5.00%, due 6/1/33 | 1,000,000 | 1,054,100 |
| Series 1-A | ||
| 5.00%, due 6/1/35 | 1,505,000 | 1,582,472 |
| Pennsylvania Higher Education Assistance Agency, Revenue Bonds, Senior Lien (b) | ||
| Series 1-A | ||
| 5.00%, due 6/1/29 | 1,550,000 | 1,606,582 |
| Series 1-A | ||
| 5.00%, due 6/1/31 | 1,900,000 | 1,994,098 |
| Series 1-A | ||
| 5.00%, due 6/1/33 | 1,190,000 | 1,255,104 |
| Pennsylvania Higher Educational Facilities Authority, University of Pennsylvania Health System, Revenue Bonds | ||
| 5.00%, due 8/15/34 | 1,000,000 | 1,106,305 |
| Pennsylvania Housing Finance Agency, Single Family Mortgage, Revenue Bonds | ||
| Series 137 | ||
| 3.00%, due 10/1/51 | 4,305,000 | 4,133,394 |
| Pennsylvania Housing Finance Agency, Darby Townhouses, Revenue Bonds | ||
| Insured: FNMA | ||
| 4.90%, due 6/1/41 | 500,000 | 508,611 |
| Pennsylvania Housing Finance Agency, Revenue Bonds | ||
| Series 145-A | ||
| 6.00%, due 10/1/54 | 855,000 | 914,753 |
| Series 152-A | ||
| 6.25%, due 10/1/56 | 1,000,000 | 1,104,090 |
| Pennsylvania Turnpike Commission, Revenue Bonds | ||
| Series B | ||
| 5.25%, due 12/1/47 | 2,500,000 | 2,623,648 |
| Series A | ||
| 5.50%, due 12/1/46 | 1,155,000 | 1,158,929 |
| Philadelphia Authority for Industrial Development, Frankford Valley Foundation for Literacy, Revenue Bonds | ||
| 4.50%, due 6/15/29 (a) | 300,000 | 300,887 |
| Philadelphia Authority for Industrial Development, Philadelphia Performing Arts Charter School Project, Revenue Bonds | ||
| 5.00%, due 6/15/30 (a) | 435,000 | 440,274 |
| Philadelphia Authority for Industrial Development, Greater Philadelphia Health Action, Inc. Project, Revenue Bonds | ||
| Series A | ||
| 6.00%, due 6/1/45 | 1,000,000 | 1,068,557 |
| Philadelphia Gas Works Co., Revenue Bonds | ||
| Series 14 | ||
| 5.00%, due 10/1/30 | 1,680,000 | 1,685,346 |
| Philadelphia Housing Authority, PHADC Acquisition Program, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 3/1/37 | 3,415,000 | 3,679,325 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Pennsylvania | ||
| Philadelphia Housing Authority, PHADC Acquisition Program, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 3/1/43 | $ 3,000,000 | $ 3,094,649 |
| Series A | ||
| 5.25%, due 3/1/40 | 1,005,000 | 1,065,883 |
| Series A | ||
| 5.25%, due 3/1/41 | 2,000,000 | 2,103,510 |
| Pittsburgh Water & Sewer Authority, Revenue Bonds, First Lien | ||
| Series A, Insured: AG | ||
| 5.00%, due 9/1/35 | 1,200,000 | 1,303,575 |
| 68,550,148 | ||
| Puerto Rico 3.2% | ||
| Commonwealth of Puerto Rico | ||
| (zero coupon), due 11/1/43 | 6,261,261 | 4,468,975 |
| (zero coupon), due 11/1/51 | 19,043,348 | 13,925,448 |
| Commonwealth of Puerto Rico, Unlimited General Obligation | ||
| Series A-1 | ||
| 4.00%, due 7/1/35 | 563,717 | 559,152 |
| Series A-1 | ||
| 4.00%, due 7/1/41 | 6,059,081 | 5,683,903 |
| Series A-1 | ||
| 4.00%, due 7/1/46 | 710,000 | 642,665 |
| Series A-1 | ||
| 5.625%, due 7/1/27 | 4,211,206 | 4,295,319 |
| Series A-1 | ||
| 5.75%, due 7/1/31 | 291,000 | 314,176 |
| GDB Debt Recovery Authority of Puerto Rico, Revenue Bonds | ||
| 7.50%, due 8/20/40 | 5,053,877 | 4,995,830 |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds, Senior Lien (a) | ||
| Series A | ||
| 4.00%, due 7/1/42 | 2,760,000 | 2,648,934 |
| Series A | ||
| 4.00%, due 7/1/42 | 600,000 | 575,855 |
| Series A | ||
| 5.00%, due 7/1/33 | 1,000,000 | 1,064,175 |
| Series A | ||
| 5.00%, due 7/1/35 | 3,000,000 | 3,121,951 |
| Series A | ||
| 5.00%, due 7/1/47 | 1,000,000 | 1,008,705 |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds (a) | ||
| Series B | ||
| 4.00%, due 7/1/42 | 7,685,000 | 7,375,745 |
| Series B | ||
| 5.00%, due 7/1/28 | 1,000,000 | 1,030,744 |
| Series B | ||
| 5.00%, due 7/1/29 | 2,568,000 | 2,680,550 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Puerto Rico | ||
| Puerto Rico Electric Power Authority, Revenue Bonds | ||
| Series VV, Insured: NATL-RE | ||
| 5.25%, due 7/1/35 | $ 500,000 | $ 494,758 |
| Puerto Rico Sales Tax Financing Corp., Restructured, Revenue Bonds | ||
| Series A-2 | ||
| 4.329%, due 7/1/40 | 27,596,000 | 26,975,173 |
| Series A-1 | ||
| 4.55%, due 7/1/40 | 4,355,000 | 4,315,573 |
| Puerto Rico Sales Tax Financing Corp., Revenue Bonds | ||
| Series A-2 | ||
| 4.329%, due 7/1/40 | 821,000 | 802,530 |
| 86,980,161 | ||
| Rhode Island 1.7% | ||
| City of Providence, Unlimited General Obligation | ||
| Series A, Insured: AG | ||
| 3.625%, due 1/15/29 | 975,000 | 975,435 |
| Series A, Insured: AG | ||
| 3.75%, due 1/15/30 | 2,010,000 | 2,010,705 |
| Series A, Insured: AG | ||
| 3.75%, due 1/15/32 | 1,000,000 | 1,000,071 |
| Rhode Island Health and Educational Building Corp., Town of Smithfield, Revenue Bonds | ||
| Series H, Insured: AG-CR | ||
| 3.00%, due 5/15/38 | 1,000,000 | 856,257 |
| Rhode Island Health and Educational Building Corp., City of Pawtucket, Revenue Bonds | ||
| Series B, Insured: BAM | ||
| 3.00%, due 5/15/39 | 2,350,000 | 2,001,483 |
| Rhode Island Health and Educational Building Corp., City of East Providence, Revenue Bonds | ||
| Series B, Insured: MUN GOVT GTD | ||
| 3.625%, due 5/15/32 | 1,000,000 | 987,348 |
| Rhode Island Health and Educational Building Corp., Town of Coventry, Revenue Bonds | ||
| Series B, Insured: AG MUN GOVT GTD | ||
| 3.75%, due 5/15/28 | 400,000 | 400,109 |
| Series B, Insured: AG MUN GOVT GTD | ||
| 4.00%, due 5/15/33 | 1,000,000 | 1,000,231 |
| Rhode Island Health and Educational Building Corp., Providence Public Building Authority, Revenue Bonds | ||
| Series B, Insured: AG State Appropriations | ||
| 4.00%, due 5/15/30 | 1,220,000 | 1,220,607 |
| Rhode Island Health and Educational Building Corp., City of Cranston, Revenue Bonds | ||
| Series B, Insured: BAM MUN GOVT GTD | ||
| 4.00%, due 5/15/30 | 955,000 | 955,475 |
| Rhode Island Health and Educational Building Corp., University of Rhode Island, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 4.00%, due 9/15/42 | 2,000,000 | 1,927,809 |
| Rhode Island Health and Educational Building Corp., Higher Education Facility, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 9/15/30 | 2,500,000 | 2,504,033 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Rhode Island | ||
| Rhode Island Health and Educational Building Corp., Town of Johnston, Revenue Bonds | ||
| Series F | ||
| 5.00%, due 5/15/34 | $ 1,045,000 | $ 1,131,446 |
| Rhode Island Health and Educational Building Corp., PRG - RI Properties LLC, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 7/1/37 | 375,000 | 393,342 |
| Series A, Insured: AG | ||
| 5.00%, due 7/1/45 | 1,500,000 | 1,511,940 |
| Rhode Island Health and Educational Building Corp., Public Schools Financing Program, Revenue Bonds | ||
| Series F | ||
| 5.50%, due 5/15/47 | 1,500,000 | 1,579,533 |
| Rhode Island Housing & Mortgage Finance Corp., Multi-Family Development, Revenue Bonds | ||
| Series 3-B, Insured: FHA | ||
| 3.40%, due 10/1/29 | 890,000 | 887,987 |
| Series A | ||
| 5.00%, due 10/1/30 | 195,000 | 195,414 |
| Rhode Island Housing & Mortgage Finance Corp., Homeownership Opportunity, Revenue Bonds | ||
| Series 82-A, Insured: GNMA | ||
| 3.80%, due 4/1/35 | 1,420,000 | 1,404,340 |
| Series 80-A, Insured: GNMA | ||
| 4.15%, due 10/1/38 | 1,150,000 | 1,143,610 |
| Series 79-A, Insured: GNMA | ||
| 4.40%, due 10/1/38 | 1,500,000 | 1,506,017 |
| Series 82-A, Insured: GNMA | ||
| 5.00%, due 10/1/41 | 1,215,000 | 1,272,137 |
| Rhode Island Infrastructure Bank, City of Pawtucket Water Supply Board, Revenue Bonds | ||
| Insured: NATL-RE | ||
| 5.00%, due 10/1/28 | 1,730,000 | 1,732,672 |
| Rhode Island Student Loan Authority, Revenue Bonds, Senior Lien (b) | ||
| Series A | ||
| 4.125%, due 12/1/43 | 1,155,000 | 1,106,200 |
| Series B | ||
| 4.125%, due 12/1/43 | 2,285,000 | 2,179,818 |
| Series A | ||
| 4.50%, due 12/1/45 | 1,000,000 | 973,711 |
| Series A | ||
| 5.00%, due 12/1/44 | 3,205,000 | 3,172,964 |
| State of Rhode Island, Unlimited General Obligation | ||
| Series A, Insured: BAM | ||
| 3.00%, due 5/1/31 | 2,000,000 | 1,980,297 |
| Series A, Insured: BAM | ||
| 3.00%, due 5/1/32 | 2,000,000 | 1,949,550 |
| State of Rhode Island, Plantations, Unlimited General Obligation | ||
| Series A, Insured: BAM | ||
| 3.00%, due 5/1/36 | 1,000,000 | 907,177 |
| State of Rhode Island, Eleanor Slater Hospital Project, Certificate of Participation | ||
| Series B | ||
| 4.00%, due 11/1/32 | 1,000,000 | 1,011,595 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Rhode Island | ||
| Town of Bristol, Unlimited General Obligation | ||
| Series A, Insured: BAM | ||
| 3.00%, due 8/1/38 | $ 1,200,000 | $ 1,067,298 |
| Series A, Insured: BAM | ||
| 3.50%, due 8/1/31 | 865,000 | 866,839 |
| Town of Cumberland, Unlimited General Obligation | ||
| Series A, Insured: State Aid Withholding | ||
| 4.625%, due 11/1/31 | 500,000 | 500,412 |
| Town of Hopkinton, Unlimited General Obligation | ||
| 4.375%, due 8/15/31 | 300,000 | 299,864 |
| Town of Johnston, Unlimited General Obligation | ||
| Series A | ||
| 3.45%, due 6/1/29 | 765,000 | 763,980 |
| Series A | ||
| 3.70%, due 6/1/33 | 1,020,000 | 1,010,355 |
| Town of West Greenwich, Unlimited General Obligation | ||
| Series A, Insured: BAM State Aid Withholding | ||
| 3.00%, due 8/15/26 | 600,000 | 599,979 |
| 46,988,040 | ||
| South Carolina 1.4% | ||
| Charleston County Airport District, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 7/1/43 (b) | 1,215,000 | 1,285,450 |
| City of Goose Creek, Carnes Crossroads Improvement District, Special Assessment | ||
| 5.00%, due 10/1/35 (a) | 405,000 | 417,067 |
| Medical University Hospital Authority, Indian Land Project, Revenue Bonds | ||
| Insured: FHA | ||
| 5.00%, due 5/15/37 | 1,980,000 | 2,110,555 |
| Insured: FHA | ||
| 5.25%, due 11/15/43 | 2,620,000 | 2,769,654 |
| Insured: FHA | ||
| 5.25%, due 11/15/46 | 2,000,000 | 2,083,604 |
| Medical University Hospital Authority, Nexton Project, Revenue Bonds | ||
| Insured: FHA | ||
| 5.25%, due 5/15/38 | 655,000 | 706,190 |
| Insured: FHA | ||
| 5.25%, due 11/15/40 | 1,335,000 | 1,423,393 |
| Patriots Energy Group Financing Agency, Revenue Bonds | ||
| Series B-2 | ||
| 4.346%, due 2/1/54 | 6,000,000 | 6,227,240 |
| South Carolina Jobs-Economic Development Authority, Foothill Affordable Housing Foundation, Revenue Bonds | ||
| 4.00%, due 3/1/62 (c) | 1,300,000 | 1,276,468 |
| South Carolina Jobs-Economic Development Authority, Beaufort Memorial Hospital & South of Broad Healthcare Project, Revenue Bonds | ||
| 5.00%, due 11/15/29 | 315,000 | 324,518 |
| 5.00%, due 11/15/33 | 685,000 | 710,380 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| South Carolina | ||
| South Carolina Public Service Authority, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 12/1/39 | $ 1,620,000 | $ 1,549,992 |
| Series A | ||
| 4.00%, due 12/1/40 | 2,500,000 | 2,374,556 |
| Series A | ||
| 4.00%, due 12/1/42 | 1,000,000 | 943,885 |
| Series A | ||
| 5.00%, due 12/1/44 | 1,000,000 | 1,052,121 |
| South Carolina Public Service Authority, Santee Cooper, Revenue Bonds | ||
| Series B, Insured: AG | ||
| 5.00%, due 12/1/40 | 2,335,000 | 2,504,382 |
| Series B | ||
| 5.00%, due 12/1/43 | 4,000,000 | 4,218,547 |
| Series B | ||
| 5.00%, due 12/1/46 | 1,500,000 | 1,560,907 |
| South Carolina State Housing Finance & Development Authority, Revenue Bonds | ||
| Series A, Insured: FNMA | ||
| 1.68%, due 1/1/37 | 1,801,209 | 1,326,515 |
| Series B | ||
| 2.00%, due 7/1/35 | 950,000 | 797,452 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 7/1/55 | 1,530,000 | 1,705,431 |
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 7/1/55 | 1,685,000 | 1,886,150 |
| 39,254,457 | ||
| South Dakota 0.2% | ||
| South Dakota Health & Educational Facilities Authority, Sanford Obligated Group, Revenue Bonds | ||
| Series C-2 | ||
| 5.00%, due 11/1/51 (c) | 2,500,000 | 2,680,455 |
| South Dakota Housing Development Authority, Revenue Bonds | ||
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 11/1/55 | 1,185,000 | 1,303,929 |
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 11/1/56 | 990,000 | 1,081,217 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 11/1/55 | 980,000 | 1,092,075 |
| 6,157,676 | ||
| Tennessee 2.4% | ||
| Chattanooga Health Educational & Housing Facility Board, CDFI Phase I LLC, Revenue Bonds | ||
| 5.00%, due 10/1/35 | 820,000 | 819,976 |
| Chattanooga Health Educational & Housing Facility Board, Erlanger Health Obligated Group, Revenue Bonds | ||
| Insured: BAM | ||
| 5.00%, due 12/1/36 | 5,555,000 | 6,058,917 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Tennessee | ||
| County of Knox, Unlimited General Obligation | ||
| Series B | ||
| 2.80%, due 6/1/31 | $ 1,000,000 | $ 969,363 |
| Knox County Health Educational & Housing Facility Board, Revenue Bonds | ||
| 4.05%, due 12/1/27 (c) | 3,000,000 | 3,010,399 |
| Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Northview Project, Revenue Bonds | ||
| Series B | ||
| 3.60%, due 2/1/45 (c) | 8,000,000 | 8,056,384 |
| Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Vanderbilt University Medical Center, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 7/1/37 | 1,000,000 | 1,090,571 |
| Series B | ||
| 5.00%, due 7/1/41 | 5,620,000 | 5,972,406 |
| Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Vanderbilt University (The), Revenue Bonds | ||
| 5.00%, due 10/1/44 | 3,800,000 | 4,100,080 |
| 5.00%, due 10/1/46 | 1,500,000 | 1,598,574 |
| Metropolitan Nashville Airport Authority (The), Revenue Bonds | ||
| Series B | ||
| 5.00%, due 7/1/36 (b) | 3,500,000 | 3,630,578 |
| Shelby County Health Educational & Housing Facilities Board, Methodist Le Bonheur Healthcare, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 6/1/35 | 5,000,000 | 5,390,732 |
| Shelby County Health Educational & Housing Facilities Board, Baptist Memorial Health Care, Revenue Bonds (c) | ||
| Series B | ||
| 5.00%, due 9/1/44 | 2,000,000 | 2,105,237 |
| Series B | ||
| 5.00%, due 9/1/49 | 2,300,000 | 2,394,014 |
| Tennergy Corp., Revenue Bonds | ||
| Series A | ||
| 4.00%, due 12/1/51 (c) | 3,500,000 | 3,525,991 |
| Tennessee Energy Acquisition Corp., Gas Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/1/34 | 8,305,000 | 8,715,806 |
| Tennessee Energy Acquisition Corp., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/35 | 2,740,000 | 2,847,283 |
| Tennessee Housing Development Agency, Residential Finance Program, Revenue Bonds | ||
| Series 4 | ||
| 2.00%, due 7/1/35 | 860,000 | 721,904 |
| Series 1 | ||
| 2.05%, due 7/1/36 | 2,455,000 | 1,946,047 |
| Tennessee Housing Development Agency, Revenue Bonds | ||
| Series 1 | ||
| 3.50%, due 7/1/42 | 1,400,000 | 1,238,398 |
| 64,192,660 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas 8.6% | ||
| Alamito Public Facility Corp., EP Salazar LP, Revenue Bonds | ||
| Insured: HUD Sector 8 | ||
| 5.00%, due 8/1/44 (c) | $ 1,000,000 | $ 1,000,000 |
| Allen Independent School District, School Building, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 5.00%, due 2/15/45 | 2,250,000 | 2,365,322 |
| Andrews County Hospital District, Limited General Obligation | ||
| 5.00%, due 3/15/30 | 1,000,000 | 1,009,859 |
| Arlington Higher Education Finance Corp., Great Hearts America, Revenue Bonds | ||
| Series A | ||
| 4.25%, due 8/15/34 | 500,000 | 487,614 |
| Arlington Higher Education Finance Corp., Trinity Basin Preparatory, Inc., Revenue Bonds | ||
| Insured: PSF-GTD | ||
| 5.00%, due 8/15/41 | 1,115,000 | 1,174,652 |
| Austin Community College District, Limited General Obligation | ||
| 5.00%, due 8/1/39 | 2,000,000 | 2,157,838 |
| Bexar Management And Development Corp., Miller's Pond Apartments, Revenue Bonds | ||
| Insured: FHA 221(D4) | ||
| 2.65%, due 3/1/29 (c) | 1,600,000 | 1,583,861 |
| Brazos Higher Education Authority, Inc., Revenue Bonds, Senior Lien | ||
| Series 1-A | ||
| 5.00%, due 4/1/32 (b) | 1,000,000 | 1,043,580 |
| Central Texas Regional Mobility Authority, Capital Appreciation, Revenue Bonds | ||
| (zero coupon), due 1/1/27 | 1,900,000 | 1,876,795 |
| Central Texas Turnpike System, Revenue Bonds, Second Tier | ||
| Series C | ||
| 5.00%, due 8/15/34 | 1,150,000 | 1,265,558 |
| Central Texas Turnpike System, Revenue Bonds, First Tier | ||
| Series A | ||
| 5.00%, due 8/15/39 | 1,185,000 | 1,226,597 |
| Series B | ||
| 5.00%, due 8/15/42 (c) | 1,700,000 | 1,795,756 |
| City of Amarillo, Limited General Obligation | ||
| 2.00%, due 2/15/41 | 1,000,000 | 693,751 |
| City of Anna, The Woods at Lindsey Place Public Improvement District Area 2-3, Special Assessment | ||
| 4.25%, due 9/15/35 | 810,000 | 810,238 |
| City of Arlington, Special Tax, Special Tax, Senior Lien | ||
| Series A, Insured: AG | ||
| 5.00%, due 2/15/43 | 250,000 | 253,286 |
| City of Austin, Airport System, Revenue Bonds (b) | ||
| Series B | ||
| 5.00%, due 11/15/35 | 1,050,000 | 1,143,721 |
| Series B | ||
| 5.00%, due 11/15/37 | 165,000 | 177,034 |
| 5.00%, due 11/15/39 | 1,000,000 | 1,056,996 |
| City of Austin, Water & Wastewater System, Revenue Bonds | ||
| 5.00%, due 11/15/42 | 3,400,000 | 3,654,565 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| City of Bryan, Limited General Obligation | ||
| 2.00%, due 8/15/32 | $ 1,060,000 | $ 936,955 |
| City of Celina, The Lakes at Mustang Ranch Public Improvement Distric Major Improvement Area & Phases 2-7 Project, Special Assessment | ||
| Insured: AG | ||
| 5.00%, due 9/1/34 | 400,000 | 422,817 |
| Insured: AG | ||
| 5.00%, due 9/1/35 | 330,000 | 347,143 |
| Insured: AG | ||
| 5.00%, due 9/1/39 | 700,000 | 720,983 |
| Insured: AG | ||
| 5.00%, due 9/1/45 | 1,750,000 | 1,764,240 |
| City of College Station, Limited General Obligation | ||
| 2.00%, due 2/15/36 | 1,000,000 | 799,954 |
| City of Corpus Christi, Utility System, Revenue Bonds, Senior Lien | ||
| 5.00%, due 7/15/28 | 1,000,000 | 1,037,970 |
| 5.00%, due 7/15/31 | 1,000,000 | 1,072,189 |
| 5.00%, due 7/15/32 | 1,000,000 | 1,077,453 |
| Insured: AG | ||
| 5.00%, due 7/15/34 | 1,000,000 | 1,093,604 |
| City of Dallas, Limited General Obligation | ||
| Series B | ||
| 5.00%, due 2/15/27 | 1,000,000 | 1,012,443 |
| City of Dallas, Waterworks & Sewer System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/41 (g) | 5,980,000 | 6,461,197 |
| City of Fort Worth, Public Improvement District No. 17 Major Improvement Project, Special Assessment (a) | ||
| 5.00%, due 9/1/32 | 270,000 | 261,959 |
| 5.125%, due 9/1/37 | 440,000 | 423,271 |
| City of Galveston, Wharves & Terminal, Revenue Bonds, First Lien (b) | ||
| Series A | ||
| 5.25%, due 8/1/39 | 850,000 | 896,170 |
| Series A | ||
| 5.50%, due 8/1/42 | 385,000 | 407,928 |
| City of Greenville, Waterworks & Sewer System, Revenue Bonds | ||
| Insured: AG | ||
| 5.00%, due 2/15/41 | 1,245,000 | 1,300,557 |
| City of Gunter, Platinum Ranch Public Improvement District Improvement Area No. 1 Project, Special Assessment | ||
| 4.75%, due 9/15/36 | 1,575,000 | 1,551,039 |
| City of Houston, Combined Utility System, Revenue Bonds, First Lien | ||
| Series C | ||
| 2.50%, due 11/15/40 | 2,000,000 | 1,498,151 |
| Series A | ||
| 5.00%, due 11/15/26 | 1,000,000 | 1,007,032 |
| City of Houston, Airport System, Revenue Bonds (b) | ||
| Series A | ||
| 5.25%, due 7/1/38 | 1,400,000 | 1,523,525 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| City of Houston, Airport System, Revenue Bonds (b) | ||
| Series A | ||
| 5.25%, due 7/1/40 | $ 2,000,000 | $ 2,134,842 |
| Series A, Insured: AG | ||
| 5.25%, due 7/1/41 | 1,000,000 | 1,054,187 |
| Series A | ||
| 5.25%, due 7/1/41 | 2,000,000 | 2,131,172 |
| City of Houston, United Airlines, Inc., Revenue Bonds | ||
| Series B | ||
| 5.50%, due 7/15/38 (b) | 1,000,000 | 1,065,941 |
| City of Kyle, 6 Creeks Public Improvement District Improvement Area No. 1 Project, Special Assessment | ||
| 3.00%, due 9/1/30 (a) | 625,000 | 582,605 |
| City of Lavon, Elevon Public Improvement District Improvement Area No. 3-5, Special Assessment | ||
| 5.375%, due 9/15/45 | 500,000 | 504,104 |
| City of Lavon, Trails of Lavon Public Improvement District Projects, Special Assessment | ||
| 5.75%, due 9/15/45 (a) | 875,000 | 908,553 |
| City of Mclendon-Chisholm, Sonoma Verde North Public Improvement District Zone A Improvement Area No. 1 Project, Special Assessment | ||
| 4.50%, due 9/15/36 (g) | 620,000 | 611,453 |
| City of Mesquite, Solterra Public Improvement District Improvement Area A-2-A-4, Special Assessment | ||
| 4.375%, due 9/1/35 | 1,050,000 | 1,037,391 |
| City of Mesquite, Solterra Public Improvement District Improvement Area C-4, Special Assessment | ||
| 5.25%, due 9/1/45 | 625,000 | 623,786 |
| City of Mesquite, Solterra Public Improvement District Improvement Area A-2 & A-4, Special Assessment | ||
| 5.50%, due 9/1/45 | 1,050,000 | 1,059,215 |
| City of Oak Point, 720 Public Improvement District Area No. 2-5, Special Assessment | ||
| 4.60%, due 9/15/36 | 690,000 | 677,794 |
| City of Princeton, Whitewing Trails Public Improvement Distric No. 2 Improvement Areas No. 3A-3C Project, Special Assessment | ||
| 4.35%, due 9/1/36 | 675,000 | 665,893 |
| City of Rowlett, Bayside Public Improvement District North Improvement Area Project, Special Assessment | ||
| 5.75%, due 9/15/36 | 169,000 | 169,052 |
| City of Royse City, Waterscape Annex Public Improvement District Project, Special Assessment | ||
| 5.20%, due 9/15/46 (a) | 600,000 | 597,011 |
| City of San Antonio, Airport System, Revenue Bonds (b)(g) | ||
| 5.25%, due 7/1/43 | 2,500,000 | 2,673,797 |
| 5.25%, due 7/1/44 | 3,250,000 | 3,457,311 |
| 5.25%, due 7/1/47 | 1,250,000 | 1,304,765 |
| 5.25%, due 7/1/48 | 1,300,000 | 1,349,698 |
| Comal County Water Control & Improvement District No. 6, Unlimited General Obligation | ||
| Insured: AG | ||
| 4.00%, due 9/1/43 | 1,615,000 | 1,499,636 |
| County of Denton, Green Meadows Public Improvement District Area No. 1, Special Assessment | ||
| 4.50%, due 12/31/35 (a) | 1,000,000 | 1,014,774 |
| County of Harris, Limited General Obligation | ||
| Series B | ||
| 5.00%, due 9/15/48 (g) | 1,500,000 | 1,552,999 |
| County of Hays, LA CIMA Public Improvement Distric Major Improvement Project, Special Assessment | ||
| 4.50%, due 9/15/35 (a) | 500,000 | 496,932 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| County of Medina, Viera Public Improvement District No. 1 Improvement Area No. 1 Project, Special Assessment | ||
| 4.125%, due 9/1/36 | $ 750,000 | $ 723,397 |
| Cypress-Fairbanks Independent School District, Unlimited General Obligation | ||
| Series A, Insured: PSF-GTD | ||
| 2.25%, due 2/15/41 | 2,000,000 | 1,459,835 |
| Dallas Fort Worth International Airport, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 11/1/36 | 1,000,000 | 1,079,711 |
| Series A-1 | ||
| 5.25%, due 11/1/40 (b) | 7,500,000 | 8,010,059 |
| Dallas Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 2.00%, due 2/15/42 | 1,500,000 | 1,027,791 |
| Del Valle Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 2.00%, due 6/15/39 | 2,000,000 | 1,484,913 |
| Denton Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 5.00%, due 8/15/37 | 4,000,000 | 4,058,107 |
| El Paso County Hospital District, Limited General Obligation | ||
| 5.00%, due 8/15/28 | 1,000,000 | 1,012,953 |
| El Paso County Hospital District, Revenue Bonds | ||
| Insured: BAM | ||
| 5.00%, due 2/15/34 | 780,000 | 850,082 |
| Forney Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 5.00%, due 8/15/39 | 625,000 | 677,719 |
| Insured: PSF-GTD | ||
| 5.25%, due 8/15/42 | 750,000 | 813,489 |
| Fort Bend County Municipal Utility District No. 142, Unlimited General Obligation | ||
| Insured: AG | ||
| 2.50%, due 9/1/39 | 1,630,000 | 1,275,233 |
| Fort Bend County Municipal Utility District No. 167, Unlimited General Obligation | ||
| Insured: AG | ||
| 3.00%, due 9/1/32 | 215,000 | 199,055 |
| Fort Bend Independent School District, Unlimited General Obligation | ||
| Series B, Insured: PSF-GTD | ||
| 4.00%, due 8/1/54 (c) | 2,130,000 | 2,150,183 |
| FW Chaparral PFC, Chaparral Ranch Project, Revenue Bonds | ||
| 4.00%, due 10/1/35 | 2,970,000 | 2,864,599 |
| FW Ramble Public Facility Corp., Ramble & Rose Project, Revenue Bonds | ||
| 4.00%, due 10/1/35 | 1,500,000 | 1,418,886 |
| Grant Road Public Utility District, Unlimited General Obligation | ||
| Series A, Insured: BAM | ||
| 3.375%, due 10/1/34 | 300,000 | 278,403 |
| Harris County Cultural Education Facilities Finance Corp., Memorial Hermann Health System Obligated Group, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 7/1/34 | 3,720,000 | 4,091,403 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| Harris County Municipal Utility District No. 423, Unlimited General Obligation | ||
| Series A, Insured: BAM | ||
| 7.25%, due 4/1/27 | $ 300,000 | $ 308,548 |
| Harris County Municipal Utility District No. 449, Unlimited General Obligation | ||
| Insured: AG | ||
| 2.50%, due 9/1/37 | 390,000 | 307,015 |
| Harris County Municipal Utility District No. 468, Unlimited General Obligation | ||
| Insured: NATL-RE | ||
| 3.00%, due 9/1/38 | 170,000 | 139,729 |
| Harris County Municipal Utility District No. 489, Unlimited General Obligation | ||
| Series A, Insured: AG | ||
| 6.50%, due 9/1/29 | 800,000 | 842,398 |
| Harris County Toll Road, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.00%, due 8/15/43 | 2,290,000 | 2,322,696 |
| Harris County Water Control & Improvement District No. 159, Unlimited General Obligation | ||
| Insured: BAM | ||
| 6.375%, due 9/1/30 | 1,665,000 | 1,771,805 |
| Harris County-Houston Sports Authority, Revenue Bonds, Junior Lien | ||
| Series H, Insured: NATL-RE | ||
| (zero coupon), due 11/15/40 | 750,000 | 333,715 |
| Hays Consolidated Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 5.00%, due 2/15/41 | 2,300,000 | 2,461,024 |
| Headwaters Municipal Utility, Unlimited General Obligation | ||
| Series A, Insured: AG | ||
| 6.00%, due 8/15/29 | 3,195,000 | 3,334,978 |
| Irving Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 5.00%, due 2/15/38 | 3,000,000 | 3,216,014 |
| Leander Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| (zero coupon), due 8/16/30 | 2,560,000 | 2,203,795 |
| Series A, Insured: PSF-GTD | ||
| (zero coupon), due 8/15/35 | 2,000,000 | 1,413,247 |
| Lewisville Independent School District, School Building, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 3.125%, due 8/15/34 | 1,000,000 | 945,071 |
| Lovejoy Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 2.00%, due 2/15/39 | 1,000,000 | 747,211 |
| Magnolia Pointe Municipal Utility District No. 1, Unlimited General Obligation | ||
| Insured: AG | ||
| 2.375%, due 9/1/42 | 1,515,000 | 1,085,664 |
| Matagorda County Navigation District No. 1, Central Power and Light Company Project, Revenue Bonds | ||
| Series A | ||
| 2.60%, due 11/1/29 | 1,500,000 | 1,461,682 |
| 4.25%, due 5/1/30 (b) | 1,500,000 | 1,537,775 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| Montgomery County Municipal Utility District No. 119, Road, Unlimited General Obligation | ||
| Insured: NATL-RE | ||
| 3.625%, due 4/1/37 | $ 400,000 | $ 369,945 |
| Nederland Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 3.00%, due 8/15/37 | 780,000 | 676,799 |
| New Hope Cultural Education Facilities Finance Corp., Jubilee Academic Center, Revenue Bonds (a) | ||
| 4.00%, due 8/15/27 | 520,000 | 518,075 |
| Series A | ||
| 4.00%, due 8/15/34 | 1,205,000 | 1,125,114 |
| Series A | ||
| 4.50%, due 8/15/44 | 2,590,000 | 2,316,086 |
| New Hope Cultural Education Facilities Finance Corp., Bella Vida Forefront Living Program, Revenue Bonds | ||
| Series B-3 | ||
| 4.25%, due 10/1/30 | 1,000,000 | 1,000,044 |
| New Hope Cultural Education Facilities Finance Corp., Westminster Project, Revenue Bonds | ||
| 5.00%, due 11/1/31 | 630,000 | 668,501 |
| New Hope Cultural Education Facilities Finance Corp., Children's Health System of Texas, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 8/15/36 | 1,300,000 | 1,428,492 |
| Series A | ||
| 5.00%, due 8/15/37 | 2,500,000 | 2,726,663 |
| Series A | ||
| 5.00%, due 8/15/38 | 1,000,000 | 1,082,879 |
| New Hope Cultural Education Facilities Finance Corp., Quality Senior Housing Foundation of East Texas, Inc., Revenue Bonds | ||
| Series A-1 | ||
| 5.00%, due 12/1/49 | 250,000 | 237,058 |
| North Central Texas Housing Finance Corp., Revenue Bonds | ||
| Series A, Insured: GNMA | ||
| 5.25%, due 7/1/57 | 1,000,000 | 1,062,389 |
| North Texas Municipal Water District, Upper East Fork Wastewater Interceptor System, Revenue Bonds | ||
| 3.00%, due 6/1/44 | 2,000,000 | 1,589,536 |
| North Texas Municipal Water District, Water System, Revenue Bonds | ||
| 5.00%, due 9/1/31 | 2,000,000 | 2,181,515 |
| North Texas Tollway Authority, Revenue Bonds, First Tier | ||
| Series A | ||
| 3.00%, due 1/1/38 | 1,000,000 | 878,336 |
| Pecos Barstow Toyah Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 5.00%, due 2/15/39 | 515,000 | 515,463 |
| Insured: PSF-GTD | ||
| 5.00%, due 2/15/41 | 1,500,000 | 1,501,348 |
| Sabine-Neches Navigation District, Waterway Project, Limited General Obligation | ||
| 5.25%, due 2/15/39 | 1,500,000 | 1,583,657 |
| Sherman Independent School District, Unlimited General Obligation | ||
| Insured: PSF-GTD | ||
| 5.00%, due 2/15/38 | 1,675,000 | 1,831,935 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| Sienna Municipal Utility District No. 10, Unlimited General Obligation | ||
| Insured: AG | ||
| 3.45%, due 4/1/35 | $ 310,000 | $ 289,384 |
| State of Texas, College Student Loan, Unlimited General Obligation (b) | ||
| 4.00%, due 8/1/30 | 5,000,000 | 5,001,635 |
| 4.00%, due 8/1/31 | 3,000,000 | 3,000,718 |
| State of Texas, Mobility Fund, Unlimited General Obligation | ||
| Series B | ||
| 5.00%, due 10/1/35 | 5,000,000 | 5,089,861 |
| Tarrant County Cultural Education Facilities Finance Corp., Baylor Scott & White Health Project, Revenue Bonds | ||
| Series E | ||
| 5.00%, due 11/15/41 | 3,200,000 | 3,413,089 |
| Series E | ||
| 5.00%, due 11/15/42 | 2,900,000 | 3,080,050 |
| Tarrant County Cultural Education Facilities Finance Corp., Ascension Senior Credit Group, Revenue Bonds | ||
| Series C-1 | ||
| 5.00%, due 11/15/51 (c) | 2,750,000 | 2,969,964 |
| Tarrant County Cultural Education Facilities Finance Corp., Texas Health Resources System, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 11/15/64 (c) | 10,500,000 | 11,398,803 |
| Texas Department of Housing & Community Affairs, Revenue Bonds | ||
| Series A, Insured: GNMA | ||
| 5.75%, due 1/1/56 | 2,765,000 | 2,989,680 |
| Series B, Insured: GNMA | ||
| 6.00%, due 1/1/57 | 1,550,000 | 1,716,524 |
| Series D-2, Insured: GNMA | ||
| 6.25%, due 1/1/56 | 2,705,000 | 2,984,948 |
| Texas Municipal Gas Acquisition & Supply Corp., Revenue Bonds | ||
| Series A | ||
| 5.25%, due 3/1/37 | 2,140,000 | 2,252,057 |
| Texas Municipal Gas Acquisition & Supply Corp. II, Revenue Bonds | ||
| Series C | ||
| 3.281%, due 9/15/27 | 430,000 | 430,689 |
| Texas Municipal Gas Acquisition & Supply Corp. III, Gas Supply, Revenue Bonds | ||
| 5.00%, due 12/15/27 | 1,315,000 | 1,345,132 |
| Texas Municipal Gas Acquisition & Supply Corp. IV, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 1/1/54 (c) | 5,500,000 | 5,772,197 |
| Texas Municipal Gas Acquisition & Supply Corp. V, Revenue Bonds | ||
| 5.00%, due 1/1/34 | 2,585,000 | 2,679,683 |
| 5.00%, due 4/1/36 | 4,220,000 | 4,359,635 |
| 5.00%, due 1/1/55 (c) | 7,100,000 | 7,363,404 |
| Texas Private Activity Bond Surface Transportation Corp., NTE Mobility Partners Segments 3 LLC, Revenue Bonds, Senior Lien (b) | ||
| 5.125%, due 12/31/35 | 1,440,000 | 1,503,704 |
| 5.50%, due 6/30/40 | 2,460,000 | 2,561,716 |
| 5.50%, due 6/30/41 | 1,500,000 | 1,554,408 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Texas | ||
| Town of Trophy Club, Public Improvement District No. 1, Special Assessment | ||
| 5.00%, due 9/1/32 | $ 400,000 | $ 423,680 |
| Travis County Development Authority, Longview 71 Public Improvement District Improvement Area No. 1 Project, Special Assessment | ||
| 5.00%, due 9/1/44 (a) | 600,000 | 610,368 |
| Travis County Housing Finance Corp., Agave East Apartments, Revenue Bonds | ||
| Series A-1, Insured: FNMA | ||
| 2.35%, due 7/1/42 | 989,708 | 701,464 |
| Verandah Municipal Utility District, Unlimited General Obligation | ||
| Insured: AG | ||
| 2.625%, due 9/1/40 | 315,000 | 237,418 |
| West Memorial Municipal Utility District, Unlimited General Obligation | ||
| Insured: AG | ||
| 3.15%, due 9/1/34 | 195,000 | 178,057 |
| 232,676,802 | ||
| U.S. Virgin Islands 0.2% | ||
| Matching Fund Special Purpose Securitization Corp., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 10/1/26 | 860,000 | 861,814 |
| Series A | ||
| 5.00%, due 10/1/30 | 2,460,000 | 2,556,599 |
| Series A | ||
| 5.00%, due 10/1/39 | 1,305,000 | 1,340,153 |
| Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan, Revenue Bonds | ||
| Series C, Insured: AG-CR | ||
| 5.00%, due 10/1/30 | 100,000 | 100,872 |
| 4,859,438 | ||
| Utah 2.8% | ||
| Black Ridge Infrastructure Financing District, Assessment Area, Special Assessment | ||
| 5.50%, due 12/1/40 | 1,788,083 | 1,796,369 |
| Canyons School District, Unlimited General Obligation | ||
| Series A, Insured: School Bond Guaranty | ||
| 1.50%, due 6/15/34 | 2,000,000 | 1,623,486 |
| City of Salt Lake City, Airport, Revenue Bonds (b) | ||
| Series A | ||
| 5.00%, due 7/1/33 | 5,640,000 | 6,112,431 |
| Series A | ||
| 5.00%, due 7/1/38 | 1,500,000 | 1,524,806 |
| Series A | ||
| 5.00%, due 7/1/42 | 2,870,000 | 2,885,150 |
| Series A | ||
| 5.25%, due 7/1/43 | 2,000,000 | 2,097,317 |
| Copper Rim Infrastructure Financing District, Assessment Area, Special Assessment | ||
| 6.125%, due 12/1/54 (a) | 1,190,000 | 1,219,476 |
| County of Iron, Sales Tax, Revenue Bonds | ||
| 5.00%, due 10/1/49 | 2,925,000 | 3,018,612 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Utah | ||
| County of Utah, Intermountain Healthcare, Inc., Revenue Bonds | ||
| Series B | ||
| 5.00%, due 5/15/46 | $ 1,390,000 | $ 1,390,402 |
| Downtown Daybreak Public Infrastructure District No. 1, South Station Housing and Transit Reinvestment Zone, Tax Allocation | ||
| 5.00%, due 3/1/41 (a) | 1,200,000 | 1,204,042 |
| Downtown Revitalization Public Infrastructure District, Seg Redevelopment Project, Revenue Bonds, First Lien | ||
| Series A, Insured: AG | ||
| 5.00%, due 6/1/37 | 1,770,000 | 1,859,499 |
| Series A, Insured: AG | ||
| 5.25%, due 6/1/43 | 2,300,000 | 2,484,360 |
| Downtown Revitalization Public Infrastructure District, Seg Redevelopment Project, Revenue Bonds, Second Lien | ||
| Series B, Insured: AG | ||
| 5.00%, due 6/1/38 | 1,300,000 | 1,403,867 |
| Series B, Insured: AG | ||
| 5.25%, due 6/1/45 | 500,000 | 536,546 |
| Emery County School District, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 2.00%, due 6/15/35 | 1,000,000 | 806,404 |
| Intermountain Power Agency, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/36 | 3,395,000 | 3,651,418 |
| Series A | ||
| 5.00%, due 7/1/41 | 900,000 | 938,221 |
| Series A | ||
| 5.00%, due 7/1/42 | 750,000 | 785,341 |
| Series A | ||
| 5.00%, due 7/1/43 | 500,000 | 519,819 |
| Series A | ||
| 5.00%, due 7/1/43 | 2,000,000 | 2,101,179 |
| Jordan School District, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 2.25%, due 6/15/37 | 1,315,000 | 1,079,404 |
| Mida Mountain Village Public Infrastructure District, Tax Allocation (a) | ||
| Series 2 | ||
| (zero coupon), due 6/1/43 (f) | 1,000,000 | 779,251 |
| Series 1 | ||
| 5.25%, due 6/1/45 | 1,000,000 | 1,014,202 |
| Military Installation Development Authority, Revenue Bonds | ||
| Series A-1 | ||
| 4.00%, due 6/1/41 | 2,000,000 | 1,873,856 |
| Point Phase 1 Public Infrastructure District No. 1, Revenue Bonds | ||
| Series A-1 | ||
| 5.875%, due 3/1/45 | 1,000,000 | 1,041,912 |
| Salt Lake City School District, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 3.00%, due 3/1/39 | 2,000,000 | 1,773,065 |
| Skyfall Infrastructure Financing District, Assessment Area No. 1, Special Assessment | ||
| 5.75%, due 12/1/36 (a) | 2,750,000 | 2,742,179 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Utah | ||
| UIPA Crossroads Public Infrastructure District, Tax Allocation | ||
| 4.125%, due 6/1/41 (a) | $ 500,000 | $ 475,132 |
| Utah Charter School Finance Authority, Mountain West Montessori Academy, Inc., Revenue Bonds | ||
| Series A | ||
| 3.125%, due 6/15/29 (a) | 570,000 | 548,419 |
| Utah Charter School Finance Authority, Spectrum Academy Project, Revenue Bonds | ||
| Insured: BAM UT CSCE | ||
| 4.00%, due 4/15/40 | 250,000 | 234,957 |
| Utah Charter School Finance Authority, Syracuse Arts Academy Project, Revenue Bonds | ||
| Insured: UT CSCE | ||
| 5.00%, due 4/15/37 | 670,000 | 716,713 |
| Insured: UT CSCE | ||
| 5.00%, due 4/15/41 | 780,000 | 809,273 |
| Insured: UT CSCE | ||
| 5.00%, due 4/15/46 | 1,250,000 | 1,265,908 |
| Utah Housing Corp., Barcelona Properties LLC, Revenue Bonds | ||
| Insured: FHLMC | ||
| 3.40%, due 7/1/30 | 2,900,000 | 2,890,421 |
| Utah Housing Corp., Revenue Bonds | ||
| Series G, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 7/1/55 | 1,375,000 | 1,513,202 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 1/1/54 | 2,285,000 | 2,469,847 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 7/1/55 | 1,410,000 | 1,549,697 |
| Series E, Insured: GNMA / FNMA / FHLMC | ||
| 6.75%, due 7/1/55 | 1,865,000 | 2,106,117 |
| Utah Infrastructure Agency, Telecommunication, Revenue Bonds | ||
| 4.00%, due 10/15/31 | 500,000 | 494,170 |
| 4.00%, due 10/15/33 | 425,000 | 412,952 |
| 4.00%, due 10/15/33 | 500,000 | 488,837 |
| 4.00%, due 10/15/35 | 700,000 | 671,669 |
| 4.00%, due 10/15/36 | 1,000,000 | 950,625 |
| 4.00%, due 10/15/38 | 1,440,000 | 1,342,896 |
| 4.00%, due 10/15/39 | 700,000 | 645,255 |
| 4.00%, due 10/15/42 | 975,000 | 883,717 |
| Series A | ||
| 5.00%, due 10/15/28 | 460,000 | 464,348 |
| Series A | ||
| 5.375%, due 10/15/40 | 1,150,000 | 1,152,467 |
| 5.50%, due 10/15/33 | 935,000 | 1,020,474 |
| Utah Infrastructure Agency, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 10/15/33 | 1,565,000 | 1,571,120 |
| Utah Transit Authority, Revenue Bonds | ||
| 5.00%, due 12/15/42 | 2,000,000 | 2,160,050 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Utah | ||
| Wolf Creek Infrastructure Financing District No. 1, Assessment Area No. 1, Special Assessment | ||
| 5.75%, due 12/1/44 | $ 993,605 | $ 1,024,484 |
| 76,125,364 | ||
| Vermont 0.0% ‡ | ||
| Vermont Economic Development Authority, Wake Robin Corp. Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 5/1/27 | 200,000 | 201,898 |
| Series A | ||
| 5.00%, due 5/1/47 | 305,000 | 295,895 |
| 497,793 | ||
| Virginia 0.6% | ||
| Chesapeake Bay Bridge & Tunnel District, First Tier General Resolution, Revenue Bonds, First Tier | ||
| Insured: AG | ||
| 5.00%, due 7/1/41 | 1,000,000 | 1,000,217 |
| City of Harrisonburg, Unlimited General Obligation | ||
| Series A, Insured: State Aid Withholding | ||
| 1.75%, due 7/15/35 | 3,000,000 | 2,409,446 |
| Halifax County Industrial Development Authority, Virginia Electric and Power Co., Revenue Bonds | ||
| Series A | ||
| 3.80%, due 12/1/41 (c) | 1,000,000 | 1,006,582 |
| Isle Wight County Industrial Development Authority, Riverside Healthcare Association Obligated Group, Revenue Bonds | ||
| Insured: AG | ||
| 5.25%, due 7/1/48 | 1,500,000 | 1,545,952 |
| Virginia Housing Development Authority, Revenue Bonds | ||
| Series E | ||
| 2.10%, due 7/1/35 | 550,000 | 443,271 |
| Virginia Small Business Financing Authority, 95 Express Lanes LLC, Revenue Bonds, Senior Lien (b) | ||
| 5.00%, due 1/1/36 | 2,395,000 | 2,486,863 |
| 5.00%, due 7/1/37 | 1,000,000 | 1,031,879 |
| Virginia Small Business Financing Authority, Hampton University, Revenue Bonds | ||
| 5.00%, due 10/1/36 | 2,500,000 | 2,669,155 |
| Williamsburg Economic Development Authority, William & Mary Project, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 4.00%, due 7/1/42 | 1,000,000 | 963,634 |
| Winchester Economic Development Authority, Valley Health System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/1/28 | 1,100,000 | 1,133,992 |
| Wise County Industrial Development Authority, Virginia Electric and Power Co. Project, Revenue Bonds | ||
| Series A | ||
| 3.125%, due 10/1/40 (c) | 1,500,000 | 1,489,404 |
| 16,180,395 | ||
| Washington 1.4% | ||
| Alderwood Water & Wastewater District, Revenue Bonds | ||
| Series A | ||
| 2.00%, due 12/1/35 | 1,695,000 | 1,400,843 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Washington | ||
| County of King, Sewer, Revenue Bonds, Junior Lien | ||
| Series A | ||
| 2.39%, due 1/1/40 | $ 655,000 | $ 652,965 |
| King County Housing Authority, Revenue Bonds | ||
| 5.375%, due 7/1/45 | 2,000,000 | 2,090,539 |
| Klickitat & Skamania Counties School District No. 405-17, White Salmon Valley, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 5.00%, due 12/1/43 (g) | 3,870,000 | 4,137,571 |
| Port of Seattle, Revenue Bonds | ||
| Series B | ||
| 5.50%, due 8/1/47 (b) | 3,500,000 | 3,674,632 |
| Port of Tacoma, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 12/1/43 (b) | 925,000 | 925,910 |
| Skagit County Public Hospital District No. 1, Revenue Bonds | ||
| 5.50%, due 12/1/38 | 450,000 | 477,058 |
| State of Washington, Motor Vehicle Fuel Tax, Unlimited General Obligation | ||
| Series R-2021A | ||
| 5.00%, due 6/1/38 | 1,000,000 | 1,049,906 |
| State of Washington, Various Purpose, Unlimited General Obligation | ||
| Series D | ||
| 5.00%, due 2/1/40 | 5,000,000 | 5,037,524 |
| University of Washington, Revenue Bonds | ||
| Series C | ||
| 3.125%, due 7/1/42 | 2,000,000 | 1,628,778 |
| Washington Health Care Facilities Authority, Overlake Hospital Medical Center, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/42 | 1,500,000 | 1,355,351 |
| Washington Health Care Facilities Authority, CommonSpirit Health, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 9/1/44 | 2,000,000 | 2,061,833 |
| Washington Health Care Facilities Authority, Multicare Health System, Revenue Bonds | ||
| Series B-2, Insured: AG | ||
| 5.00%, due 8/15/55 (c) | 1,000,000 | 1,052,821 |
| Washington State Convention Center Public Facilities District, Lodging Tax, Revenue Bonds | ||
| Series B, Insured: AG-CR | ||
| 4.00%, due 7/1/36 | 1,000,000 | 996,058 |
| Washington State Housing Finance Commission, Heron's Key Phase II Project, Revenue Bonds | ||
| Series B-3 | ||
| 2.85%, due 7/1/30 | 500,000 | 496,870 |
| Series B-2 | ||
| 3.00%, due 7/1/31 | 500,000 | 495,949 |
| Washington State Housing Finance Commission, Revenue Bonds | ||
| Series 2-N, Insured: GNMA / FNMA / FHLMC | ||
| 3.05%, due 12/1/41 | 1,000,000 | 843,037 |
| Series 1, Class A-1 | ||
| 4.08%, due 11/20/41 (c) | 4,953,866 | 4,664,534 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Washington | ||
| Washington State Housing Finance Commission, Revenue Bonds | ||
| Series 2 | ||
| 4.221%, due 3/1/50 (c) | $ 1,723,629 | $ 1,644,982 |
| Washington State Housing Finance Commission, Blakeley and Laurel Villages Project, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 5.00%, due 7/1/39 (a) | 1,500,000 | 1,564,366 |
| Washington State Housing Finance Commission, Blakeley & Laurel Villages Portfolio, Revenue Bonds | ||
| Series A, Insured: BAM | ||
| 5.00%, due 7/1/45 (a) | 1,645,000 | 1,669,972 |
| 37,921,499 | ||
| West Virginia 0.8% | ||
| City of Wheeling, Waterworks & Sewerage System, Revenue Bonds | ||
| Series B, Insured: BAM | ||
| 5.00%, due 6/1/42 | 700,000 | 737,173 |
| Series B, Insured: BAM | ||
| 5.00%, due 6/1/43 | 500,000 | 524,512 |
| Series B, Insured: BAM | ||
| 5.00%, due 6/1/45 | 735,000 | 764,332 |
| County of Ohio, Fort Henry Economic Opportunity Development District, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 6/1/38 | 775,000 | 829,059 |
| Series A, Insured: AG | ||
| 5.00%, due 6/1/39 | 775,000 | 822,504 |
| Series A, Insured: AG | ||
| 5.00%, due 6/1/40 | 500,000 | 527,931 |
| Series A, Insured: AG | ||
| 5.25%, due 6/1/45 | 1,000,000 | 1,055,710 |
| Monongalia County Commission Excise Tax District, Revenue Bonds | ||
| Series B | ||
| 4.875%, due 6/1/43 (a) | 1,230,000 | 1,235,159 |
| Monongalia County Commission Excise Tax District, University Town Center, Revenue Bonds | ||
| Series A | ||
| 5.75%, due 6/1/43 (a) | 1,000,000 | 1,007,744 |
| West Virginia Economic Development Authority, Appalachian Power Co., Revenue Bonds | ||
| Series A | ||
| 3.375%, due 3/1/40 (c) | 1,000,000 | 1,001,246 |
| West Virginia Hospital Finance Authority, West Virginia United Health System Obligated Group, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/38 | 1,550,000 | 1,656,328 |
| Series A | ||
| 5.00%, due 6/1/39 | 2,000,000 | 2,119,805 |
| Series A | ||
| 5.00%, due 6/1/40 | 1,700,000 | 1,792,403 |
| Series A | ||
| 5.25%, due 6/1/43 | 2,000,000 | 2,114,851 |
| Series A | ||
| 5.25%, due 6/1/45 | 1,750,000 | 1,825,297 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| West Virginia | ||
| West Virginia Hospital Finance Authority, Charleston Area Medical Center, Inc., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 9/1/39 | $ 1,125,000 | $ 1,130,478 |
| West Virginia Hospital Finance Authority, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 6/1/55 (c) | 1,300,000 | 1,386,976 |
| West Virginia Hospital Finance Authority, Vandalia Health Group, Revenue Bonds | ||
| Series B, Insured: AG | ||
| 5.125%, due 9/1/42 | 1,250,000 | 1,318,704 |
| West Virginia Housing Development Fund, Revenue Bonds | ||
| Series A | ||
| 3.65%, due 11/1/33 | 1,095,000 | 1,083,241 |
| 22,933,453 | ||
| Wisconsin 2.2% | ||
| City of Milwaukee, Unlimited General Obligation | ||
| Series N-2, Insured: AG | ||
| 5.00%, due 12/1/39 | 3,830,000 | 4,048,088 |
| FHLMC Multifamily VRD Certificates, Revenue Bonds | ||
| Series ML-27, Insured: FHLMC | ||
| 4.759%, due 8/25/41 | 6,627,417 | 6,766,176 |
| Hudson School District, Unlimited General Obligation | ||
| 2.25%, due 3/1/27 | 500,000 | 497,168 |
| Public Finance Authority, Creekhaven, Wildrye & Furst Ranch Projects, Revenue Bonds | ||
| (zero coupon), due 12/15/36 (a) | 7,890,000 | 4,024,556 |
| Public Finance Authority, Willow Spring Project, Revenue Bonds | ||
| (zero coupon), due 12/15/39 (a) | 3,000,000 | 1,214,912 |
| Public Finance Authority, Cole Ranch Project, Revenue Bonds | ||
| (zero coupon), due 12/15/40 (a) | 1,000,000 | 338,945 |
| Public Finance Authority, Roseman University of Health Sciences, Revenue Bonds | ||
| 4.00%, due 4/1/32 (a) | 960,000 | 931,476 |
| Public Finance Authority, Pinecrest Academy of Nevada, Revenue Bonds (a) | ||
| Series A | ||
| 4.00%, due 7/15/34 | 200,000 | 195,013 |
| Series A | ||
| 4.00%, due 7/15/39 | 250,000 | 230,281 |
| Public Finance Authority, National Gypsum Co., Revenue Bonds | ||
| 4.00%, due 8/1/35 (b) | 2,225,000 | 2,123,242 |
| Public Finance Authority, Revenue Bonds | ||
| Series 1, Class A-1 | ||
| 4.157%, due 1/20/41 (c) | 6,486,545 | 5,947,421 |
| Public Finance Authority, WFCS Holdings LLC, Revenue Bonds | ||
| Series A-1 | ||
| 4.50%, due 1/1/35 (a) | 1,930,000 | 1,865,651 |
| Public Finance Authority, Ultimate Medical Academy Project, Revenue Bonds (a) | ||
| Series A | ||
| 5.00%, due 10/1/28 | 335,000 | 345,263 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Wisconsin | ||
| Public Finance Authority, Ultimate Medical Academy Project, Revenue Bonds (a) | ||
| Series A | ||
| 5.00%, due 10/1/34 | $ 250,000 | $ 257,542 |
| Public Finance Authority, Million Air Two LLC General Aviation Facilities Project, Revenue Bonds (a)(b)(g) | ||
| Series A | ||
| 5.00%, due 6/1/31 | 500,000 | 509,551 |
| Series A | ||
| 5.00%, due 6/1/36 | 400,000 | 400,231 |
| Public Finance Authority, Campus Real Estate Holding Corp. LLC Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/35 | 1,250,000 | 1,295,579 |
| Public Finance Authority, Astro Texas Land Projects, Revenue Bonds | ||
| 5.00%, due 12/15/36 (a) | 491,130 | 482,107 |
| Public Finance Authority, KSU Bixby Real Estate Foundation LLC Project, Revenue Bonds, Senior Lien | ||
| Series A | ||
| 5.00%, due 6/15/38 | 355,000 | 381,113 |
| Series A | ||
| 5.25%, due 6/15/45 | 250,000 | 263,419 |
| Public Finance Authority, Systima Capital Management LLC, Revenue Bonds | ||
| Series 1, Class A-1 | ||
| 5.40%, due 6/20/44 (c) | 1,249,467 | 1,287,209 |
| Public Finance Authority, Nolina & Sorella Projects, Revenue Bonds | ||
| 5.50%, due 12/15/32 (a) | 679,374 | 679,144 |
| Public Finance Authority, The Meadows Project, Revenue Bonds | ||
| 5.75%, due 12/15/33 (a) | 1,900,000 | 1,883,790 |
| Public Finance Authority, Legacy Hills Project, Revenue Bonds | ||
| 6.00%, due 11/15/45 (a) | 2,490,000 | 2,471,090 |
| Wisconsin Center District, Revenue Bonds, Junior Lien | ||
| Series D, Insured: AG Moral Obligation | ||
| (zero coupon), due 12/15/37 | 2,220,000 | 1,361,675 |
| Wisconsin Health & Educational Facilities Authority, Milwaukee Science Education Consortium, Inc. (The), Revenue Bonds | ||
| Series A | ||
| 4.50%, due 3/15/33 | 330,000 | 321,051 |
| Wisconsin Health & Educational Facilities Authority, Benevolent Corp. Cedar Community, Revenue Bonds | ||
| 5.00%, due 6/1/31 | 280,000 | 293,175 |
| 5.00%, due 6/1/33 | 410,000 | 431,972 |
| 5.00%, due 6/1/35 | 400,000 | 421,843 |
| Wisconsin Health & Educational Facilities Authority, Milwaukee Regional Medical Center (The), Revenue Bonds | ||
| 5.00%, due 4/1/37 | 1,150,000 | 1,177,200 |
| Wisconsin Housing & Economic Development Authority, Home Ownership, Revenue Bonds | ||
| Series A | ||
| 3.00%, due 3/1/52 | 2,230,000 | 2,190,872 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 3.625%, due 3/1/34 | 1,500,000 | 1,482,728 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 9/1/54 | 870,000 | 928,928 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Wisconsin | ||
| Wisconsin Housing & Economic Development Authority, Housing, Revenue Bonds | ||
| Series B | ||
| 3.10%, due 11/1/56 (c) | $ 2,500,000 | $ 2,493,511 |
| Wisconsin Housing & Economic Development Authority, Home Ownership, Sustainable Bond, Revenue Bonds | ||
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 4.25%, due 9/1/44 | 700,000 | 675,318 |
| Series B, Insured: GNMA / FNMA / FHLMC | ||
| 5.00%, due 9/1/39 | 3,000,000 | 3,170,489 |
| Wisconsin Housing & Economic Development Authority, New Hampton Apartment LLC, Revenue Bonds | ||
| Series A, Insured: HUD Sector 8 | ||
| 5.00%, due 12/1/27 (c) | 3,500,000 | 3,522,755 |
| Wisconsin Housing & Economic Development Authority Home Ownership, Revenue Bonds | ||
| Series C, Insured: FNMA | ||
| 2.50%, due 9/1/34 | 3,000,000 | 2,585,612 |
| 59,496,096 | ||
| Wyoming 0.2% | ||
| County of Campbell, Basin Electric Power Cooperative, Revenue Bonds | ||
| Series A | ||
| 3.625%, due 7/15/39 | 1,880,000 | 1,679,392 |
| Sweetwater County 2023 Specific Purpose Tax Joint Powers Board, Revenue Bonds | ||
| Insured: AG-CR | ||
| 5.00%, due 6/15/28 | 3,000,000 | 3,113,168 |
| Wyoming Community Development Authority, Revenue Bonds | ||
| Series 1, Insured: GNMA / FNMA / FHLMC | ||
| 4.30%, due 12/1/40 | 1,000,000 | 980,954 |
| 5,773,514 | ||
| Total Long-Term Municipal Bonds (Cost $2,620,889,226) | 2,626,258,251 | |
| Short-Term Municipal Notes 3.3% | ||
| Georgia 0.9% | ||
| Development Authority of Burke County (The), Georgia Power Co. Plant Vogtle Project, Revenue Bonds | ||
| Series 1 | ||
| 3.05%, due 11/1/52 (h) | 11,000,000 | 11,000,000 |
| Development Authority of Burke County (The), Georgia Power Co. Plant Vogtle Project, Revenue Bonds, First Series | ||
| Series 1 | ||
| 3.10%, due 7/1/49 (h) | 13,335,000 | 13,335,000 |
| 24,335,000 | ||
| Kentucky 0.4% | ||
| Kentucky Bond Development Corp., Baptist Healthcare System Obligated Group, Revenue Bonds | ||
| Series B | ||
| 3.10%, due 8/15/55 (h) | 10,000,000 | 10,000,000 |
| Principal Amount | Value | ||
| Short-Term Municipal Notes | |||
| New Hampshire 0.2% | |||
| New Hampshire Business Finance Authority, Novant Health Obligated Group, Revenue Bonds | |||
| Series B | |||
| 3.05%, due 11/1/64 (h) | $ 7,000,000 | $ 7,000,000 | |
| New York 0.6% | |||
| Metropolitan Transportation Authority, Transportation, Revenue Bonds | |||
| Series E-1 | |||
| 3.05%, due 11/15/50 (h) | 16,000,000 | 16,000,000 | |
| Ohio 0.3% | |||
| State of Ohio, Cleveland Clinic Health System, Revenue Bonds | |||
| Series E | |||
| 3.00%, due 1/1/52 (h) | 10,000,000 | 10,000,000 | |
| Pennsylvania 0.4% | |||
| Pennsylvania Higher Educational Facilities Authority, Thomas Jefferson University, Revenue Bonds | |||
| Series D-2 | |||
| 3.00%, due 11/1/61 (h) | 10,000,000 | 10,000,000 | |
| Texas 0.5% | |||
| San Antonio Water System, Revenue Bonds, Sub. Lien | |||
| Series A | |||
| 3.10%, due 5/1/54 (h) | 11,000,000 | 11,000,000 | |
| State of Texas, Veterans Land Board, Unlimited General Obligation | |||
| Series A | |||
| 2.25%, due 6/1/57 (h) | 2,500,000 | 2,500,000 | |
| 13,500,000 | |||
| Total Short-Term Municipal Notes (Cost $90,834,751) | 90,835,000 | ||
| Total Municipal Bonds (Cost $2,711,723,977) | 2,717,093,251 | ||
| Shares | |||
| Short-Term Investment 1.0% | |||
| Unaffiliated Investment Company 1.0% | |||
| BNY Dreyfus Government Cash Management - Institutional Shares, 3.552% (i) | 27,929,907 | 27,929,907 | |
| Total Short-Term Investment (Cost $27,929,907) | 27,929,907 | ||
| Total Investments (Cost $2,739,653,884) | 100.9% | 2,745,023,158 | |
| Other Assets, Less Liabilities | (0.9) | (25,458,739) | |
| Net Assets | 100.0% | $ 2,719,564,419 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| ‡ | Less than one-tenth of a percent. |
| (a) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (b) | Interest on these securities is subject to alternative minimum tax. |
| (c) | Coupon rate may change based on changes of the underlying collateral or prepayments of principal. Rate shown was the rate in effect as of July 31, 2026. |
| (d) | Issue in default. |
| (e) | Issue in non-accrual status. |
| (f) | Step coupon—Rate shown was the rate in effect as of July 31, 2026. |
| (g) | Delayed delivery security. |
| (h) | Variable-rate demand notes (VRDNs)—Provide the right to sell the security at face value on either that day or within the rate-reset period. VRDNs will normally trade as if the maturity is the earlier put date, even though stated maturity is longer. The interest rate is reset on the put date at a stipulated daily, weekly, monthly, quarterly, or other specified time interval to reflect current market conditions. These securities do not indicate a reference rate and spread in their description. The maturity date shown is the final maturity. |
| (i) | Current yield as of July 31, 2026. |
| Type | Number of Contracts | Expiration Date | Value at Trade Date | Current Notional Amount | Unrealized Appreciation (Depreciation)2 |
| Short Contracts | |||||
| U.S. Treasury Long Bonds | (575) | September 2026 | $ (63,606,574) | $ (62,279,688) | $ 1,326,886 |
| 1. | As of July 31, 2026, cash in the amount of $2,127,500 was on deposit with a broker or futures commission merchant for futures transactions. |
| 2. | Represents the difference between the value of the contracts at the time they were opened and the value as of July 31, 2026. |
| Abbreviation(s): |
| AG—Assured Guaranty Ltd. |
| AMBAC—Ambac Assurance Corp. |
| BAM—Build America Mutual Assurance Co. |
| CR—Custodial Receipts |
| FGIC—Financial Guaranty Insurance Company |
| FHA—Federal Housing Administration |
| FHLMC—Federal Home Loan Mortgage Corp. |
| FNMA—Federal National Mortgage Association |
| GNMA—Government National Mortgage Association |
| HUD—Housing and Urban Development |
| MTA—Metropolitan Transportation Authority |
| MUN GOVT GTD—Municipal Government Guaranteed |
| NATL-RE—National Public Finance Guarantee Corp. |
| PSF-GTD—Permanent School Fund Guaranteed |
| Q-SBLF—Qualified School Board Loan Fund |
| SCH BD RES FD—School Board Reserve Fund |
| SD CRED PROG—School District Credit Enhancement Program |
| SONYMA—State of New York Mortgage Agency |
| UT CSCE—Utah Charter School Credit Enhancement Program |
| VRD—Variable Rate Demand |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Municipal Bonds | |||||||
| Long-Term Municipal Bonds | $ — | $ 2,626,258,251 | $ — | $ 2,626,258,251 | |||
| Short-Term Municipal Notes | — | 90,835,000 | — | 90,835,000 | |||
| Total Municipal Bonds | — | 2,717,093,251 | — | 2,717,093,251 | |||
| Short-Term Investment | |||||||
| Unaffiliated Investment Company | 27,929,907 | — | — | 27,929,907 | |||
| Total Investments in Securities | 27,929,907 | 2,717,093,251 | — | 2,745,023,158 | |||
| Other Financial Instruments | |||||||
| Futures Contracts (b) | 1,326,886 | — | — | 1,326,886 | |||
| Total Investments in Securities and Other Financial Instruments | $ 29,256,793 | $ 2,717,093,251 | $ — | $ 2,746,350,044 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| (b) | The value listed for these securities reflects unrealized appreciation (depreciation) as shown on the Portfolio of Investments. |
| Principal Amount | Value | |
| Long-Term Bonds 98.8% | ||
| Asset-Backed Securities 9.3% | ||
| Automobile Asset-Backed Securities 2.7% | ||
| Ally Bank Auto Credit-Linked Notes (a) | ||
| Series 2025-B, Class F | ||
| 6.942%, due 9/15/33 | $ 878,933 | $ 878,385 |
| Series 2025-A, Class G | ||
| 10.219%, due 6/15/33 | 575,978 | 581,835 |
| American Credit Acceptance Receivables Trust (a) | ||
| Series 2026-2, Class D | ||
| 5.18%, due 6/8/32 | 1,530,000 | 1,514,235 |
| Series 2026-3, Class D | ||
| 5.49%, due 3/8/33 | 1,505,000 | 1,503,852 |
| Bridgecrest Lending Auto Securitization Trust | ||
| Series 2026-1, Class E | ||
| 6.63%, due 2/15/33 (a) | 1,345,000 | 1,328,781 |
| CarMax Select Receivables Trust | ||
| Series 2025-B, Class D | ||
| 5.33%, due 7/15/31 | 1,180,000 | 1,172,398 |
| Exeter Automobile Receivables Trust (a) | ||
| Series 2022-2A, Class E | ||
| 6.34%, due 10/15/29 | 1,295,000 | 1,261,063 |
| Series 2025-4A, Class E | ||
| 6.99%, due 4/15/33 | 1,600,000 | 1,591,344 |
| Flagship Credit Auto Trust (a) | ||
| Series 2021-3, Class E | ||
| 3.32%, due 12/15/28 | 1,115,000 | 961,602 |
| Series 2021-4, Class E | ||
| 4.03%, due 3/15/29 | 515,000 | 314,581 |
| Series 2022-2, Class D | ||
| 5.80%, due 4/17/28 | 1,810,000 | 1,525,949 |
| Ford Credit Auto Owner Trust | ||
| Series 2023-1, Class D | ||
| 6.26%, due 8/15/35 (a) | 755,000 | 764,449 |
| GLS Auto Receivables Issuer Trust | ||
| Series 2022-3A, Class E | ||
| 8.35%, due 10/15/29 (a) | 665,000 | 682,988 |
| Hertz Vehicle Financing III LP | ||
| Series 2021-2A, Class D | ||
| 4.34%, due 12/27/27 (a) | 1,045,833 | 1,037,839 |
| Huntington Bank Auto Credit-Linked Notes (a)(b) | ||
| Series 2025-2, Class E | ||
| 10.221% (SOFR 30A + 6.60%), due 9/20/33 | 664,421 | 464,410 |
| Series 2024-2, Class E | ||
| 11.121% (SOFR 30A + 7.50%), due 10/20/32 | 731,570 | 720,862 |
| Series 2026-1, Class E | ||
| 12.271% (SOFR 30A + 8.65%), due 2/20/34 | 652,207 | 652,191 |
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Automobile Asset-Backed Securities | ||
| Santander Drive Auto Receivables Trust | ||
| Series 2025-1, Class D | ||
| 5.43%, due 3/17/31 | $ 610,000 | $ 614,239 |
| 17,571,003 | ||
| Home Equity Asset-Backed Security 0.2% | ||
| J.P. Morgan Mortgage Trust | ||
| Series 2026-ACES1, Class M1 | ||
| 5.609%, due 4/25/66 (a)(c) | 1,595,000 | 1,565,134 |
| Other Asset-Backed Securities 6.4% | ||
| 720 East CLO IV Ltd. | ||
| Series 2024-1A, Class D1R | ||
| 6.572% (3 Month SOFR + 2.90%), due 7/15/39 (a)(b) | 600,000 | 598,226 |
| AGL CLO 26 Ltd. | ||
| Series 2023-26A, Class D1R | ||
| 6.634% (3 Month SOFR + 2.90%), due 10/21/38 (a)(b) | 600,000 | 596,011 |
| American Airlines Pass-Through Trust | ||
| Series 2019-1, Class AA | ||
| 3.15%, due 2/15/32 | 910,472 | 855,084 |
| Series 2016-2, Class A | ||
| 3.65%, due 6/15/28 | 1,124,000 | 1,086,628 |
| Series 2019-1, Class B | ||
| 3.85%, due 2/15/28 | 543,831 | 532,891 |
| Antares CLO Ltd. | ||
| Series 2026-1A, Class B | ||
| 5.479% (3 Month SOFR + 1.75%), due 4/20/39 (a)(b) | 800,000 | 794,889 |
| ARES Direct Lending CLO 3 LLC | ||
| Series 2024-3A, Class A2 | ||
| 5.479% (3 Month SOFR + 1.75%), due 1/20/37 (a)(b) | 400,000 | 400,014 |
| Arini US CLO VII Ltd. | ||
| Series 7A, Class D | ||
| 6.351% (3 Month SOFR + 2.60%), due 7/15/39 (a)(b) | 650,000 | 649,878 |
| Bain Capital Credit CLO Ltd. | ||
| Series 2021-6A, Class DR | ||
| 6.684% (3 Month SOFR + 2.95%), due 10/21/34 (a)(b) | 350,000 | 339,639 |
| Bayfront Labs VII Pte. Ltd. | ||
| Series 7A, Class A | ||
| 4.94% (SOFR + 1.28%), due 4/11/48 (a)(b) | 995,047 | 996,115 |
| Bayview Opportunity Master Fund VII LLC | ||
| Series 2024-EDU1, Class D | ||
| 6.366% (SOFR 30A + 2.75%), due 6/25/47 (a)(b) | 1,445,493 | 1,470,998 |
| BCC Middle Market CLO LLC (a)(b) | ||
| Series 2025-1A, Class A1 | ||
| 5.37% (3 Month SOFR + 1.62%), due 7/17/37 | 610,000 | 608,611 |
| Series 2023-1A, Class DR | ||
| 6.979% (3 Month SOFR + 3.25%), due 7/20/37 | 600,000 | 594,790 |
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Other Asset-Backed Securities | ||
| British Airways Pass-Through Trust | ||
| Series 2021-1, Class A | ||
| 2.90%, due 3/15/35 (a) | $ 1,427,493 | $ 1,294,196 |
| BXDL Static CLO LLC | ||
| Series 2025-1A, Class A1 | ||
| 5.029% (3 Month SOFR + 1.30%), due 7/20/35 (a)(b) | 598,805 | 598,565 |
| CF Hippolyta Issuer LLC | ||
| Series 2021-1A, Class A1 | ||
| 1.53%, due 3/15/61 (a) | 695,558 | 543,621 |
| DataBank Issuer II LLC | ||
| Series 2025-1A, Class A2 | ||
| 5.18%, due 9/27/55 (a) | 505,000 | 486,207 |
| Dell Equipment Finance Trust | ||
| Series 2026-1A, Class D | ||
| 5.19%, due 11/22/32 (a) | 1,040,000 | 1,033,080 |
| Diameter Capital CLO 5 Ltd. | ||
| Series 2023-5A, Class A1R | ||
| 4.993% (3 Month SOFR + 1.24%), due 1/15/39 (a)(b) | 725,000 | 723,894 |
| Flexential Issuer LLC | ||
| Series 2025-1A, Class C | ||
| 8.54%, due 10/25/60 (a) | 1,495,000 | 1,472,061 |
| Fortress Credit Opportunities XXI CLO LLC | ||
| Series 2023-21A, Class A1TR | ||
| 5.304% (3 Month SOFR + 1.57%), due 1/21/37 (a)(b) | 450,000 | 448,651 |
| Golub Capital CLO 86B Ltd. | ||
| Series 2026-86A, Class C | ||
| 5.358% (3 Month SOFR + 1.70%), due 1/25/39 (a)(b) | 500,000 | 499,011 |
| Golub Capital Partners CLO 67M Ltd. | ||
| Series 2023-67A, Class CR | ||
| 5.848% (3 Month SOFR + 2.20%), due 5/9/36 (a)(b) | 600,000 | 597,062 |
| Golub Capital Partners CLO 78M Ltd. | ||
| Series 2025-78A, Class A1 | ||
| 5.114% (3 Month SOFR + 1.38%), due 4/21/39 (a)(b) | 930,000 | 925,092 |
| HPEFS Equipment Trust | ||
| Series 2024-1A, Class D | ||
| 5.82%, due 11/20/31 (a) | 505,000 | 508,284 |
| Ivy Hill Middle Market Credit Fund VII Ltd. | ||
| Series 7A, Class AR3 | ||
| 5.353% (3 Month SOFR + 1.60%), due 10/15/36 (a)(b) | 350,000 | 350,172 |
| JetBlue Pass-Through Trust | ||
| Series 2019-1, Class AA | ||
| 2.75%, due 5/15/32 | 761,220 | 669,489 |
| Kinetic ABS Issuer LLC (a) | ||
| Series 2026-1A, Class A2 | ||
| 5.219%, due 2/25/56 | 1,285,000 | 1,258,873 |
| Series 2026-1A, Class B | ||
| 5.561%, due 2/25/56 | 500,000 | 489,977 |
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Other Asset-Backed Securities | ||
| Kohlberg Credit CLO LLC | ||
| Series 2026-1A, Class A | ||
| 5.206% (3 Month SOFR + 1.48%), due 4/15/38 (a)(b) | $ 1,000,000 | $ 992,564 |
| Magnetite 50 Ltd. | ||
| Series 2025-50A, Class A1 | ||
| 5.09% (3 Month SOFR + 1.28%), due 7/25/38 (a)(b) | 1,000,000 | 1,002,160 |
| New Economy Assets Phase 1 Sponsor LLC | ||
| Series 2021-1, Class B1 | ||
| 2.41%, due 10/20/61 (a) | 1,255,000 | 728,684 |
| OCP CLO Ltd. | ||
| Series 2017-14A, Class A1R | ||
| 5.099% (3 Month SOFR + 1.37%), due 7/20/37 (a)(b) | 500,000 | 500,653 |
| Octagon Investment Partners 49 Ltd. | ||
| Series 2020-5A, Class ARR | ||
| 4.873% (3 Month SOFR + 1.12%), due 4/15/37 (a)(b) | 850,000 | 848,666 |
| Owl Rock CLO XX LLC | ||
| Series 2024-20A, Class C | ||
| 5.875% (3 Month SOFR + 2.10%), due 10/24/34 (a)(b) | 475,000 | 468,797 |
| Point Broadband Funding LLC (a) | ||
| Series 2025-1A, Class B | ||
| 5.727%, due 7/20/55 | 695,000 | 685,777 |
| Series 2025-1A, Class C | ||
| 8.156%, due 7/20/55 | 1,195,000 | 1,212,395 |
| Progress Residential Trust | ||
| Series 2025-SFR3, Class D | ||
| 3.39%, due 7/17/42 (a) | 925,000 | 834,012 |
| Retained Vantage Data Centers Issuer LLC | ||
| Series 2023-1A, Class A2A | ||
| 5.00%, due 9/15/48 (a) | 1,085,000 | 1,070,564 |
| RIN V LLC | ||
| Series 2023-2A, Class A1R | ||
| 5.081% (3 Month SOFR + 1.34%), due 10/14/36 (a)(b) | 1,000,000 | 1,000,080 |
| RIN XIII LLC | ||
| Series 2026-1A, Class A1 | ||
| 5.043% (3 Month SOFR + 1.29%), due 4/15/39 (a)(b) | 1,000,000 | 1,000,522 |
| Shentel Issuer LLC | ||
| Series 2025-1A, Class B | ||
| 6.03%, due 12/20/55 (a) | 1,770,000 | 1,768,283 |
| Signal Peak CLO 12 Ltd. | ||
| Series 2022-12A, Class A1R | ||
| 5.129% (3 Month SOFR + 1.40%), due 7/18/37 (a)(b) | 450,000 | 450,223 |
| Silver Point SCF CLO IV Ltd. | ||
| Series 2021-1A, Class A2R | ||
| 5.703% (3 Month SOFR + 1.95%), due 10/15/36 (a)(b) | 350,000 | 350,792 |
| Subway Funding LLC (a) | ||
| Series 2024-3A, Class A2II | ||
| 5.566%, due 7/30/54 | 810,563 | 786,997 |
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Other Asset-Backed Securities | ||
| Subway Funding LLC (a) | ||
| Series 2024-3A, Class A23 | ||
| 5.914%, due 7/30/54 | $ 687,750 | $ 657,379 |
| Tricon Residential Trust | ||
| Series 2024-SFR4, Class C | ||
| 4.80%, due 11/17/41 (a) | 929,000 | 901,124 |
| United Airlines Pass-Through Trust | ||
| Series 2020-1, Class A | ||
| 5.875%, due 10/15/27 | 591,327 | 597,284 |
| Uniti Fiber ABS Issuer LLC | ||
| Series 2025-2A, Class C | ||
| 7.834%, due 1/20/56 (a) | 1,195,000 | 1,208,908 |
| Vertical Bridge CC LLC | ||
| Series 2025-1A, Class D | ||
| 9.383%, due 8/16/55 (a) | 955,000 | 974,976 |
| Zayo Issuer LLC (a) | ||
| Series 2025-1A, Class A2 | ||
| 5.648%, due 3/20/55 | 1,295,000 | 1,294,016 |
| Series 2026-1A, Class B | ||
| 6.035%, due 4/20/56 | 1,060,000 | 1,047,758 |
| 41,804,623 | ||
| Total Asset-Backed Securities (Cost $62,621,906) | 60,940,760 | |
| Corporate Bonds 27.3% | ||
| Agriculture 0.4% | ||
| Altria Group, Inc. | ||
| 2.45%, due 2/4/32 | 1,850,000 | 1,611,097 |
| 5.25%, due 8/6/35 | 920,000 | 902,026 |
| 2,513,123 | ||
| Airlines 0.5% | ||
| American Airlines, Inc. | ||
| 5.75%, due 4/20/29 (a) | 788,333 | 783,998 |
| Avianca Midco 2 plc | ||
| Series Reg S | ||
| 9.625%, due 2/14/30 | 930,000 | 898,306 |
| Delta Air Lines, Inc. | ||
| 4.75%, due 10/20/28 (a) | 1,391,250 | 1,388,860 |
| 3,071,164 | ||
| Auto Manufacturers 1.2% | ||
| American Honda Finance Corp. | ||
| 5.15%, due 7/9/32 | 1,005,000 | 997,247 |
| Ford Motor Credit Co. LLC | ||
| 4.125%, due 8/17/27 | 610,000 | 605,246 |
| 6.054%, due 11/5/31 | 285,000 | 286,630 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Auto Manufacturers | ||
| Ford Motor Credit Co. LLC | ||
| 6.80%, due 5/12/28 | $ 700,000 | $ 718,022 |
| 7.20%, due 6/10/30 | 360,000 | 376,696 |
| General Motors Financial Co., Inc. | ||
| 2.70%, due 6/10/31 | 1,335,000 | 1,190,487 |
| Nissan Motor Acceptance Co. LLC | ||
| 1.85%, due 9/16/26 (a) | 1,545,000 | 1,538,776 |
| Toyota Motor Credit Corp. | ||
| Series B | ||
| 4.60%, due 3/11/33 | 1,060,000 | 1,024,961 |
| Volkswagen Group of America Finance LLC | ||
| 5.65%, due 3/25/32 (a) | 1,305,000 | 1,310,872 |
| 8,048,937 | ||
| Auto Parts & Equipment 0.3% | ||
| American Axle & Manufacturing, Inc. | ||
| 6.375%, due 10/15/32 (a) | 1,155,000 | 1,148,835 |
| Goodyear Tire & Rubber Co. (The) | ||
| 6.625%, due 7/15/30 | 875,000 | 846,086 |
| 1,994,921 | ||
| Banks 7.3% | ||
| Banco Bilbao Vizcaya Argentaria SA | ||
| 5.127%, due 3/3/36 (d) | 1,200,000 | 1,144,970 |
| Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand | ||
| 5.621%, due 12/10/29 (a) | 830,000 | 840,458 |
| Bank of America Corp. (e) | ||
| 2.496%, due 2/13/31 | 755,000 | 693,573 |
| 4.456%, due 2/6/32 | 1,175,000 | 1,143,214 |
| Barclays plc | ||
| 4.375% (5 Year Treasury Constant Maturity Rate + 3.41%), due 3/15/28 (b)(f) | 1,460,000 | 1,418,839 |
| 5.102%, due 6/26/32 (e) | 1,380,000 | 1,362,438 |
| 5.207%, due 2/24/37 (e) | 520,000 | 494,810 |
| 5.367%, due 2/25/31 (e) | 390,000 | 392,194 |
| BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico | ||
| 5.40%, due 6/3/31 (a) | 2,215,000 | 2,199,052 |
| BNP Paribas SA | ||
| 4.625% (5 Year Treasury Constant Maturity Rate + 3.34%), due 2/25/31 (a)(b)(f) | 745,000 | 680,690 |
| BPCE SA | ||
| 4.76%, due 1/13/32 (a)(e) | 1,250,000 | 1,220,657 |
| Citizens Financial Group, Inc. | ||
| 2.638%, due 9/30/32 | 1,590,000 | 1,355,153 |
| 5.299% (5 Year Treasury Constant Maturity Rate + 1.45%), due 1/29/36 (b) | 1,725,000 | 1,688,772 |
| Deutsche Bank AG (e) | ||
| 3.035%, due 5/28/32 | 890,000 | 801,587 |
| 3.729%, due 1/14/32 | 585,000 | 540,615 |
| 4.725%, due 2/6/32 | 1,390,000 | 1,354,492 |
| 5.06%, due 4/14/32 | 1,500,000 | 1,482,205 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Banks | ||
| First Horizon Bank | ||
| 5.75%, due 5/1/30 | $ 1,606,000 | $ 1,615,270 |
| First Horizon Corp. | ||
| 5.514%, due 3/7/31 (e) | 570,000 | 572,220 |
| Goldman Sachs Group, Inc. (The) | ||
| 1.992%, due 1/27/32 (e) | 740,000 | 645,078 |
| 6.75%, due 10/1/37 | 405,000 | 430,175 |
| Huntington Bancshares, Inc. | ||
| 4.623%, due 1/28/32 (e) | 1,580,000 | 1,537,249 |
| 5.605% (5 Year Treasury Constant Maturity Rate + 1.35%), due 1/28/41 (b) | 1,395,000 | 1,337,216 |
| 6.141% (5 Year Treasury Constant Maturity Rate + 1.70%), due 11/18/39 (b) | 575,000 | 575,844 |
| KeyBank NA | ||
| 4.90%, due 8/8/32 | 715,000 | 693,592 |
| Lloyds Banking Group plc | ||
| 4.976% (1 Year Treasury Constant Maturity Rate + 2.30%), due 8/11/33 (b)(d) | 450,000 | 442,864 |
| M&T Bank Corp. | ||
| 5.295% (5 Year Treasury Constant Maturity Rate + 1.38%), due 4/18/36 (b) | 1,750,000 | 1,718,890 |
| 5.385%, due 1/16/36 (e) | 330,000 | 323,191 |
| Morgan Stanley (e) | ||
| 2.484%, due 9/16/36 | 1,945,000 | 1,669,331 |
| 2.511%, due 10/20/32 | 510,000 | 445,837 |
| Santander Holdings USA, Inc. | ||
| 6.499%, due 3/9/29 (e) | 630,000 | 644,669 |
| Societe Generale SA (a)(b) | ||
| 2.889% (1 Year Treasury Constant Maturity Rate + 1.30%), due 6/9/32 | 805,000 | 717,557 |
| 5.375% (5 Year Treasury Constant Maturity Rate + 4.514%), due 11/18/30 (f) | 1,155,000 | 1,096,884 |
| Standard Chartered plc | ||
| 2.678% (1 Year Treasury Constant Maturity Rate + 1.20%), due 6/29/32 (a)(b) | 1,450,000 | 1,285,551 |
| Toronto-Dominion Bank (The) | ||
| 5.146% (5 Year Treasury Constant Maturity Rate + 1.50%), due 9/10/34 (b) | 695,000 | 693,860 |
| UBS Group AG (a) | ||
| 3.091%, due 5/14/32 (e) | 1,070,000 | 971,655 |
| 4.214%, due 4/10/30 (e) | 1,035,000 | 1,015,091 |
| 4.751% (1 Year Treasury Constant Maturity Rate + 1.75%), due 5/12/28 (b) | 340,000 | 340,391 |
| 5.199%, due 8/10/37 (e) | 920,000 | 886,127 |
| UniCredit SpA | ||
| 5.861% (5 Year USD Interest Rate Swap + 3.703%), due 6/19/32 (a)(b) | 2,250,000 | 2,259,186 |
| USB Realty Corp. | ||
| 5.162% (3 Month SOFR + 1.409%), due 1/15/27 (a)(b)(f) | 810,000 | 724,591 |
| Valley National Bancorp | ||
| 6.219%, due 6/1/36 (e) | 1,020,000 | 1,009,338 |
| Wells Fargo & Co. | ||
| 3.35%, due 3/2/33 (e) | 700,000 | 636,700 |
| Western Alliance Bank | ||
| 6.537% (5 Year Treasury Constant Maturity Rate + 2.85%), due 11/15/35 (b) | 990,000 | 976,942 |
| Westpac Banking Corp. | ||
| 3.02% (5 Year Treasury Constant Maturity Rate + 1.53%), due 11/18/36 (b) | 1,633,000 | 1,445,088 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Banks | ||
| Zions Bancorp NA | ||
| 4.483%, due 2/9/29 (e) | $ 2,120,000 | $ 2,103,105 |
| 47,627,211 | ||
| Biotechnology 0.1% | ||
| Amgen, Inc. | ||
| 5.75%, due 3/2/63 | 450,000 | 415,356 |
| Building Materials 0.3% | ||
| AmeriTex HoldCo Intermediate LLC | ||
| 7.625%, due 8/15/33 (a) | 855,000 | 880,282 |
| EMRLD Borrower LP | ||
| 6.75%, due 7/15/31 (a) | 1,145,000 | 1,174,351 |
| 2,054,633 | ||
| Chemicals 0.5% | ||
| Eastman Chemical Co. | ||
| 4.50%, due 2/20/31 | 990,000 | 962,115 |
| Huntsman International LLC | ||
| 4.50%, due 5/1/29 | 874,000 | 841,197 |
| LYB International Finance III LLC | ||
| 5.125%, due 1/15/31 | 820,000 | 813,840 |
| SCIH Salt Holdings, Inc. | ||
| 6.625%, due 8/15/31 (a) | 545,000 | 544,902 |
| 3,162,054 | ||
| Commercial Services 0.8% | ||
| Ashtead Capital, Inc. | ||
| 4.00%, due 5/1/28 (a) | 640,000 | 628,947 |
| Carrix, Inc. | ||
| 6.125%, due 8/1/33 (a) | 600,000 | 597,229 |
| DP World Ltd. | ||
| Series Reg S | ||
| 6.85%, due 7/2/37 | 2,130,000 | 2,205,300 |
| Global Payments, Inc. | ||
| 4.875%, due 11/15/30 | 885,000 | 860,849 |
| Kaspi.kz JSC | ||
| Series Reg S | ||
| 6.25%, due 3/26/30 | 1,060,000 | 1,066,755 |
| 5,359,080 | ||
| Computers 0.1% | ||
| Dell International LLC | ||
| 3.375%, due 12/15/41 | 525,000 | 384,758 |
| Cosmetics & Personal Care 0.1% | ||
| Coty, Inc. | ||
| 4.75%, due 1/15/29 (a)(d) | 985,000 | 967,244 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Diversified Financial Services 2.6% | ||
| Aircastle Ltd. | ||
| 5.00%, due 9/15/30 (a) | $ 750,000 | $ 741,080 |
| Ally Financial, Inc. | ||
| Series C | ||
| 4.70% (7 Year Treasury Constant Maturity Rate + 3.481%), due 5/15/28 (b)(f) | 520,000 | 502,430 |
| 5.548%, due 7/31/33 (e) | 945,000 | 931,060 |
| Series D | ||
| 7.10% (5 Year Treasury Constant Maturity Rate + 3.148%), due 8/15/31 (b)(f) | 330,000 | 331,876 |
| Avolon Holdings Funding Ltd. (a) | ||
| 3.25%, due 2/15/27 | 1,740,000 | 1,727,841 |
| 4.70%, due 1/30/31 | 665,000 | 647,590 |
| 4.85%, due 4/1/33 | 2,055,000 | 1,961,011 |
| Bread Financial Holdings, Inc. (a) | ||
| 6.75%, due 5/15/31 | 1,070,000 | 1,090,814 |
| 8.375% (5 Year Treasury Constant Maturity Rate + 4.30%), due 6/15/35 (b) | 85,000 | 87,982 |
| Cantor Fitzgerald LP | ||
| 7.20%, due 12/12/28 (a) | 635,000 | 657,238 |
| Capital One Financial Corp. (e) | ||
| 4.722%, due 1/30/32 | 1,730,000 | 1,691,710 |
| 5.197%, due 9/11/36 | 390,000 | 373,330 |
| Citadel Finance LLC | ||
| 5.90%, due 2/10/30 (a) | 725,000 | 727,452 |
| OneMain Finance Corp. | ||
| 7.50%, due 5/15/31 | 645,000 | 661,125 |
| Rocket Cos., Inc. (a) | ||
| 6.125%, due 8/1/31 | 565,000 | 567,575 |
| 6.50%, due 6/15/34 | 280,000 | 282,213 |
| Synchrony Financial | ||
| 4.947%, due 2/25/32 (e) | 890,000 | 862,028 |
| 5.45%, due 3/6/31 (e) | 805,000 | 802,063 |
| Series C | ||
| 7.25% (5 Year Treasury Constant Maturity Rate + 3.078%), due 8/15/31 (b)(f) | 990,000 | 973,717 |
| VFH Parent LLC | ||
| 7.50%, due 6/15/31 (a) | 1,130,000 | 1,171,736 |
| 16,791,871 | ||
| Electric 2.5% | ||
| AEP Texas, Inc. | ||
| 5.85%, due 10/15/55 | 395,000 | 367,049 |
| Arizona Public Service Co. | ||
| 2.20%, due 12/15/31 | 1,500,000 | 1,295,683 |
| 3.35%, due 5/15/50 | 1,320,000 | 850,014 |
| Black Hills Corp. | ||
| 4.55%, due 1/31/31 | 1,480,000 | 1,442,316 |
| Edison International (b) | ||
| 7.875% (5 Year Treasury Constant Maturity Rate + 3.658%), due 6/15/54 | 390,000 | 402,464 |
| 8.125% (5 Year Treasury Constant Maturity Rate + 3.864%), due 6/15/53 | 975,000 | 997,515 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Electric | ||
| Evergy Kansas Central, Inc. | ||
| 5.30%, due 7/1/36 | $ 1,520,000 | $ 1,494,675 |
| Evergy Metro, Inc. | ||
| 5.40%, due 4/1/34 | 560,000 | 562,982 |
| Evergy Missouri West, Inc. | ||
| 5.25%, due 12/15/35 (a) | 415,000 | 404,240 |
| NRG Energy, Inc. | ||
| 5.407%, due 10/15/35 (a) | 530,000 | 507,318 |
| Ohio Power Co. | ||
| Series R | ||
| 2.90%, due 10/1/51 | 585,000 | 339,418 |
| Pacific Gas and Electric Co. | ||
| 3.50%, due 8/1/50 | 2,235,000 | 1,429,832 |
| PacifiCorp | ||
| 7.375% (5 Year Treasury Constant Maturity Rate + 3.319%), due 9/15/55 (b) | 115,000 | 114,378 |
| Southern California Edison Co. | ||
| 4.00%, due 4/1/47 | 975,000 | 696,173 |
| Southwestern Electric Power Co. | ||
| 3.25%, due 11/1/51 | 1,060,000 | 662,456 |
| Vistra Operations Co. LLC (a) | ||
| 5.25%, due 4/30/33 | 960,000 | 938,623 |
| 6.00%, due 4/15/34 | 435,000 | 439,025 |
| VoltaGrid LLC | ||
| 7.375%, due 11/1/30 (a) | 840,000 | 844,175 |
| XPLR Infrastructure Operating Partners LP (a) | ||
| 4.50%, due 9/15/27 | 551,000 | 544,662 |
| 7.25%, due 1/15/29 (d) | 740,000 | 763,153 |
| 8.375%, due 1/15/31 (d) | 520,000 | 552,670 |
| Zorlu Enerji Elektrik Uretim A/S | ||
| Series Reg S | ||
| 11.00%, due 4/23/30 | 635,000 | 471,533 |
| 16,120,354 | ||
| Electronics 0.0% ‡ | ||
| Amphenol Corp. | ||
| 5.30%, due 11/15/55 | 125,000 | 112,775 |
| Entertainment 0.2% | ||
| Penn Entertainment, Inc. | ||
| 6.75%, due 4/1/31 (a)(d) | 1,155,000 | 1,159,174 |
| Food 0.8% | ||
| Grupo Nutresa SA | ||
| Series Reg S | ||
| 8.00%, due 5/12/30 | 200,000 | 210,900 |
| 9.00%, due 5/12/35 (a) | 645,000 | 714,337 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Food | ||
| JBS NV | ||
| 5.75%, due 4/1/33 | $ 860,000 | $ 872,230 |
| MARB BondCo plc | ||
| 3.95%, due 1/29/31 (a)(d) | 1,240,000 | 1,090,274 |
| Post Holdings, Inc. (a) | ||
| 4.50%, due 9/15/31 | 205,000 | 189,992 |
| 4.625%, due 4/15/30 | 452,000 | 435,391 |
| Smithfield Foods, Inc. (a) | ||
| 4.25%, due 2/1/27 | 965,000 | 960,582 |
| 5.20%, due 4/1/29 | 580,000 | 580,935 |
| 5,054,641 | ||
| Forest Products & Paper 0.3% | ||
| Suzano Austria GmbH | ||
| 4.00%, due 1/15/31 (g) | 2,020,000 | 1,887,947 |
| Gas 0.6% | ||
| Boston Gas Co. | ||
| 3.757%, due 3/16/32 (a) | 505,000 | 467,213 |
| Brooklyn Union Gas Co. (The) | ||
| 6.388%, due 9/15/33 (a) | 725,000 | 758,501 |
| National Fuel Gas Co. | ||
| 2.95%, due 3/1/31 | 1,820,000 | 1,649,334 |
| Piedmont Natural Gas Co., Inc. | ||
| 5.05%, due 5/15/52 | 620,000 | 527,586 |
| Southern California Gas Co. | ||
| 5.60%, due 4/1/54 | 625,000 | 573,923 |
| 3,976,557 | ||
| Insurance 0.4% | ||
| Belrose Funding Trust II | ||
| 6.792%, due 5/15/55 (a) | 725,000 | 720,701 |
| Jackson Financial, Inc. | ||
| 6.15%, due 1/15/37 | 1,130,000 | 1,104,622 |
| Prudential Financial, Inc. | ||
| 6.25% (5 Year Treasury Constant Maturity Rate + 1.779%), due 6/15/56 (b) | 1,115,000 | 1,104,528 |
| 2,929,851 | ||
| Internet 0.7% | ||
| Alphabet, Inc. | ||
| 4.40%, due 2/15/33 | 900,000 | 863,326 |
| Amazon.com, Inc. | ||
| 5.10%, due 7/9/33 | 1,035,000 | 1,025,383 |
| Meta Platforms, Inc. | ||
| 5.625%, due 11/15/55 | 505,000 | 422,364 |
| Rakuten Group, Inc. | ||
| 9.75%, due 4/15/29 (a) | 810,000 | 879,474 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Internet | ||
| Wayfair LLC | ||
| 6.75%, due 11/15/32 (a) | $ 1,155,000 | $ 1,175,802 |
| 4,366,349 | ||
| Iron & Steel 0.1% | ||
| Mineral Resources Ltd. | ||
| 7.00%, due 4/1/31 (a) | 685,000 | 704,911 |
| Leisure Time 0.3% | ||
| NCL Corp. Ltd. | ||
| 6.75%, due 2/1/32 (a) | 1,175,000 | 1,151,692 |
| Royal Caribbean Cruises Ltd. | ||
| 4.75%, due 5/15/33 | 665,000 | 636,657 |
| 1,788,349 | ||
| Lodging 0.1% | ||
| Fortune Star BVI Ltd. | ||
| Series Reg S | ||
| 8.50%, due 5/19/28 | 215,000 | 218,712 |
| Studio City Finance Ltd. | ||
| 5.00%, due 1/15/29 (a) | 760,000 | 723,118 |
| 941,830 | ||
| Machinery—Construction & Mining 0.1% | ||
| Terex Corp. | ||
| 6.25%, due 10/15/32 (a) | 570,000 | 572,046 |
| Media 0.4% | ||
| Charter Communications Operating LLC | ||
| 2.80%, due 4/1/31 | 925,000 | 809,745 |
| Space Exploration Technologies Corp. | ||
| 5.65%, due 7/15/33 (a) | 556,000 | 532,663 |
| Univision Communications, Inc. | ||
| 4.50%, due 5/1/29 (a) | 1,245,000 | 1,178,954 |
| 2,521,362 | ||
| Mining 0.3% | ||
| Freeport Indonesia PT | ||
| Series Reg S | ||
| 6.20%, due 4/14/52 | 1,950,000 | 1,810,510 |
| Miscellaneous—Manufacturing 0.1% | ||
| Textron Financial Corp. | ||
| 5.648% (3 Month SOFR + 1.997%), due 2/15/42 (a)(b) | 955,000 | 869,560 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Oil & Gas 1.0% | ||
| Antero Resources Corp. | ||
| 5.40%, due 2/1/36 | $ 560,000 | $ 538,815 |
| California Resources Corp. | ||
| 7.25%, due 1/15/35 (a) | 715,000 | 706,476 |
| Comstock Resources, Inc. | ||
| 6.75%, due 3/1/29 (a) | 830,000 | 817,416 |
| Energean Israel Finance Ltd. | ||
| Series Reg S | ||
| 5.375%, due 3/30/28 (a) | 135,000 | 133,750 |
| Matador Resources Co. | ||
| 6.00%, due 4/15/34 (a) | 715,000 | 691,538 |
| SM Energy Co. | ||
| 6.625%, due 4/15/34 (a) | 1,360,000 | 1,351,603 |
| Sunoco LP (a) | ||
| 5.375%, due 7/15/31 | 935,000 | 917,145 |
| 5.625%, due 7/15/34 | 935,000 | 904,007 |
| Valaris Ltd. | ||
| 8.375%, due 4/30/30 (a) | 225,000 | 232,943 |
| 6,293,693 | ||
| Oil & Gas Services 0.4% | ||
| SESI LLC | ||
| 7.875%, due 9/30/30 (a) | 1,565,000 | 1,583,507 |
| Yinson Boronia Production BV | ||
| Series Reg S | ||
| 8.947%, due 7/31/42 | 1,102,607 | 1,214,920 |
| 2,798,427 | ||
| Packaging & Containers 0.3% | ||
| Cascades, Inc. | ||
| 6.75%, due 7/15/30 (a) | 1,160,000 | 1,178,409 |
| Clydesdale Acquisition Holdings, Inc. | ||
| 6.75%, due 4/15/32 (a) | 1,170,000 | 1,114,194 |
| 2,292,603 | ||
| Pipelines 1.5% | ||
| Cheniere Corpus Christi Holdings LLC | ||
| 2.742%, due 12/31/39 | 1,135,000 | 952,215 |
| Cheniere Energy, Inc. | ||
| 5.20%, due 7/30/36 (a) | 1,040,000 | 1,006,008 |
| Columbia Pipelines Operating Co. LLC | ||
| 5.962%, due 2/15/55 (a) | 475,000 | 450,170 |
| DT Midstream, Inc. | ||
| 4.30%, due 4/15/32 (a) | 1,125,000 | 1,062,100 |
| Energy Transfer LP | ||
| 5.35%, due 5/15/45 | 545,000 | 476,288 |
| Flex Intermediate Holdco LLC | ||
| 3.363%, due 6/30/31 (a) | 2,120,000 | 1,942,694 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Pipelines | ||
| MPLX LP | ||
| 5.40%, due 9/15/35 | $ 585,000 | $ 573,389 |
| NGPL PipeCo LLC | ||
| 3.25%, due 7/15/31 (a) | 605,000 | 552,446 |
| ONEOK, Inc. | ||
| 6.25%, due 10/15/55 | 880,000 | 844,767 |
| Plains All American Pipeline LP | ||
| 5.60%, due 1/15/36 | 435,000 | 428,469 |
| Western Midstream Operating LP | ||
| 5.25%, due 2/1/50 (g) | 900,000 | 748,744 |
| Williams Cos., Inc. (The) | ||
| 3.50%, due 10/15/51 | 750,000 | 491,967 |
| 9,529,257 | ||
| Real Estate 0.1% | ||
| Alpha Star Holding IX Ltd. | ||
| Series Reg S | ||
| 7.00%, due 8/26/28 | 400,000 | 390,774 |
| Real Estate Investment Trusts 0.7% | ||
| Alexandria Real Estate Equities, Inc. | ||
| 5.25%, due 3/15/36 | 970,000 | 930,411 |
| GLP Capital LP | ||
| 4.00%, due 1/15/30 | 1,205,000 | 1,150,108 |
| Invitation Homes Operating Partnership LP | ||
| 2.00%, due 8/15/31 | 990,000 | 846,990 |
| Trust 2401 (a) | ||
| 7.375%, due 2/13/34 | 705,000 | 743,070 |
| 7.70%, due 1/23/32 | 702,000 | 741,958 |
| Trust Fibra Uno | ||
| Series Reg S | ||
| 7.375%, due 2/13/34 | 285,000 | 298,950 |
| 4,711,487 | ||
| Retail 0.8% | ||
| Arcos Dorados BV | ||
| 6.375%, due 1/29/32 (a) | 970,000 | 1,002,240 |
| AutoNation, Inc. | ||
| 4.75%, due 6/1/30 | 491,000 | 483,615 |
| Bath & Body Works, Inc. | ||
| 6.625%, due 10/1/30 (a) | 1,065,000 | 1,082,217 |
| Macy's Retail Holdings LLC | ||
| 6.125%, due 3/15/32 (a) | 830,000 | 832,478 |
| PetSmart LLC | ||
| 7.50%, due 9/15/32 (a) | 810,000 | 818,431 |
| Sally Holdings LLC | ||
| 6.75%, due 4/1/32 (d) | 190,000 | 193,599 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Retail | ||
| Victra Holdings LLC | ||
| 8.75%, due 9/15/29 (a)(d) | $ 825,000 | $ 840,197 |
| 5,252,777 | ||
| Semiconductors 0.1% | ||
| Foundry JV Holdco LLC | ||
| 6.10%, due 1/25/36 (a) | 555,000 | 567,342 |
| Software 0.6% | ||
| AthenaHealth Group, Inc. | ||
| 7.50%, due 2/15/32 (a) | 550,000 | 563,871 |
| Cloud Software Group LLC | ||
| 8.25%, due 6/30/32 (a) | 830,000 | 785,170 |
| Fidelity National Information Services, Inc. | ||
| 4.55%, due 3/10/29 | 1,130,000 | 1,119,833 |
| Salesforce, Inc. | ||
| 5.55%, due 3/15/36 | 1,695,000 | 1,652,846 |
| 4,121,720 | ||
| Telecommunications 0.7% | ||
| AT&T, Inc. | ||
| 6.00%, due 4/30/56 | 780,000 | 700,549 |
| SV RNO Property Owner 1 LLC | ||
| 5.875%, due 3/1/31 (a) | 1,200,000 | 1,114,315 |
| Verizon Communications, Inc. | ||
| 6.20% (5 Year Treasury Constant Maturity Rate + 2.042%), due 5/14/56 (b) | 1,970,000 | 1,927,949 |
| WULF Compute LLC | ||
| 7.75%, due 10/15/30 (a) | 805,000 | 836,369 |
| 4,579,182 | ||
| Total Corporate Bonds (Cost $185,388,905) | 177,743,830 | |
| Foreign Government Bonds 1.6% | ||
| Bahamas 0.2% | ||
| Bahamas Government Bond | ||
| Series Reg S | ||
| 8.25%, due 6/24/36 | 1,080,000 | 1,193,044 |
| Chile 0.2% | ||
| Corp. Nacional del Cobre de Chile | ||
| 5.529%, due 1/30/37 (a) | 1,105,000 | 1,059,916 |
| Empresa Nacional del Petroleo | ||
| 3.45%, due 9/16/31 (a) | 527,000 | 478,328 |
| 1,538,244 | ||
| Principal Amount | Value | |
| Foreign Government Bonds | ||
| Colombia 0.4% | ||
| Colombia Government Bond | ||
| 3.25%, due 4/22/32 | $ 1,485,000 | $ 1,272,645 |
| 7.75%, due 11/7/36 (d) | 1,080,000 | 1,153,170 |
| 2,425,815 | ||
| Mexico 0.4% | ||
| Petroleos Mexicanos | ||
| 6.50%, due 3/13/27 | 2,075,000 | 2,087,450 |
| 6.75%, due 9/21/47 | 715,000 | 584,870 |
| 2,672,320 | ||
| Paraguay 0.3% | ||
| Paraguay Government Bond | ||
| 8.50%, due 4/4/38 (a) | PYG 11,500,000,000 | 1,836,846 |
| Uruguay 0.1% | ||
| Uruguay Government Bond | ||
| 9.75%, due 7/20/33 | UYU 33,090,000 | 907,908 |
| Total Foreign Government Bonds (Cost $10,902,674) | 10,574,177 | |
| Loan Assignments 2.8% | ||
| Automobile 0.5% | ||
| American Auto Auction Group LLC | ||
| First Lien Refinancing Term Loan | ||
| 8.232% (3 Month SOFR + 4.50%), due 5/28/32 (b) | $ 1,159,131 | 1,159,614 |
| LSF12 Helix Parent LLC | ||
| First Lien Term Loan B | ||
| 7.231% (1 Month SOFR + 3.50%), due 2/10/33 (b) | 1,160,000 | 1,146,328 |
| Mavis Tire Express Services Topco Corp. | ||
| First Lien 2026-1 Incremental Term Loan | ||
| 6.92% (6 Month SOFR + 3.25%), due 5/6/33 (b) | 745,000 | 743,345 |
| 3,049,287 | ||
| Chemicals, Plastics & Rubber 0.1% | ||
| Magnera Corp. | ||
| First Lien Term Loan | ||
| 8.073% (3 Month SOFR + 4.25%), due 11/4/31 (b) | 645,000 | 640,162 |
| SCIH Salt Holdings, Inc. | ||
| First Lien Term Loan B | ||
| 6.583% (1 Year SOFR + 3.00%), due 7/30/31 (b) | 445,000 | 442,358 |
| 1,082,520 | ||
| Commercial Services 0.1% | ||
| Prime Security Services Borrower LLC | ||
| First Lien 2024-1 Refinancing Term Loan B1 | ||
| 5.664% (1 Month SOFR + 2.00%), due 10/15/30 (b) | 648,167 | 646,041 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Diversified/Conglomerate Service 0.1% | ||
| TruGreen LP | ||
| First Lien Term Loan B | ||
| 7.766% (3 Month SOFR + 4.00%), due 11/2/27 (b) | $ 579,441 | $ 544,674 |
| Finance 0.2% | ||
| Park River Holdings, Inc. | ||
| First Lien 2025 Refinancing Term Loan | ||
| 8.225% (3 Month SOFR + 4.50%), due 3/17/31 (b) | 643,573 | 643,134 |
| QTS Thunder Managing Issuer LLC | ||
| First Lien Term Loan B | ||
| 6.025% (1 Year SOFR + 2.25%), due 7/22/33 (b) | 925,000 | 910,431 |
| 1,553,565 | ||
| Healthcare 0.2% | ||
| Chariot Buyer LLC | ||
| First Lien Amendment No. 5 Incremental Term Loan | ||
| 6.731% (1 Month SOFR + 3.00%), due 9/8/32 (b) | 1,154,171 | 1,154,748 |
| Healthcare & Pharmaceuticals 0.2% | ||
| Ensemble RCM LLC | ||
| First Lien Closing Date Term Loan | ||
| 6.823% (3 Month SOFR + 3.00%), due 2/9/33 (b) | 1,165,000 | 1,159,757 |
| High Tech Industries 0.2% | ||
| Gryphon Acquire NewCo LLC | ||
| First Lien Term Loan | ||
| 6.414% (3 Month SOFR + 2.75%), due 9/13/32 (b) | 1,150,117 | 1,151,914 |
| Machinery (Non-Agriculture, Non-Construct & Non-Electronic) 0.2% | ||
| Columbus McKinnon Corp. | ||
| First Lien Initial Term Loan | ||
| 7.232% (3 Month SOFR + 3.50%), due 2/3/33 (b) | 1,171,673 | 1,174,603 |
| Manufacturing 0.1% | ||
| Sword Purchaser LLC | ||
| First Lien Initial Dollar Term Loan | ||
| 7.731% (1 Month SOFR + 4.00%), due 4/11/33 (b) | 660,000 | 634,150 |
| Media 0.2% | ||
| Virgin Media Bristol LLC | ||
| First Lien Facility Advance Term Loan Q | ||
| 7.041% (1 Month SOFR + 3.25%), due 1/31/29 (b) | 1,220,000 | 1,093,120 |
| Principal Amount | Value | |
| Loan Assignments | ||
| Retail Store 0.3% | ||
| Harbor Freight Tools USA, Inc. | ||
| First Lien Initial Term Loan | ||
| 5.981% (1 Month SOFR + 2.25%), due 6/11/31 (b) | $ 643,089 | $ 642,285 |
| White Cap Supply Holdings LLC | ||
| First Lien Tranche Term Loan D | ||
| 7.144% (1 Month SOFR + 3.50%), due 2/10/33 (b) | 1,160,000 | 1,156,309 |
| 1,798,594 | ||
| Services: Business 0.1% | ||
| Raven Acquisition Holdings LLC | ||
| First Lien Initial Term Loan | ||
| 6.731% (1 Month SOFR + 3.00%), due 11/19/31 (b) | 578,417 | 574,407 |
| Ryan LLC | ||
| First Lien 2025 Refinancing Term Loan | ||
| 7.231% (1 Month SOFR + 3.50%), due 11/5/32 (b) | 270,000 | 270,135 |
| 844,542 | ||
| Services: Consumer 0.3% | ||
| Metropolis Technologies, Inc. | ||
| First Lien Initial Term Loan | ||
| 8.916% (3 Month SOFR + 5.25%), due 11/3/32 (b) | 1,199,686 | 1,178,691 |
| Ping Identity Holding Corp. | ||
| First Lien Initial Term Loan | ||
| 6.426% (1 Month SOFR + 2.75%), due 11/15/32 (b) | 1,226,925 | 1,202,387 |
| 2,381,078 | ||
| Total Loan Assignments (Cost $18,459,221) | 18,268,593 | |
| Mortgage-Backed Securities 22.4% | ||
| Agency (Collateralized Mortgage Obligations) 5.7% | ||
| FHLMC | ||
| REMIC, Series 5326, Class QO | ||
| (zero coupon), due 9/25/50 | 1,138,091 | 770,454 |
| REMIC, Series 5021, Class SA | ||
| (zero coupon) (-1 x SOFR 30A + 3.55%), due 10/25/50 (b)(h) | 1,905,077 | 20,964 |
| REMIC, Series 5200, Class SA | ||
| (zero coupon) (-1 x SOFR 30A + 3.50%), due 2/25/52 (b)(h) | 258,247 | 2,139 |
| REMIC, Series 5351, Class DO | ||
| (zero coupon), due 9/25/53 | 441,287 | 357,541 |
| REMIC, Series 5357, Class OE | ||
| (zero coupon), due 11/25/53 | 284,587 | 233,994 |
| REMIC, Series 5363 | ||
| (zero coupon), due 12/25/53 | 335,509 | 275,497 |
| REMIC, Series 5315, Class OQ | ||
| (zero coupon), due 1/25/55 | 498,985 | 407,156 |
| REMIC, Series 5328, Class JY | ||
| 0.25%, due 9/25/50 | 737,060 | 503,531 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Agency (Collateralized Mortgage Obligations) | ||
| FHLMC | ||
| REMIC, Series 4993, Class KS | ||
| 2.319% (-1 x SOFR 30A + 5.936%), due 7/25/50 (b)(h) | $ 2,598,397 | $ 275,969 |
| REMIC, Series 4994, Class TS | ||
| 2.369% (-1 x SOFR 30A + 5.986%), due 7/25/50 (b)(h) | 1,138,258 | 119,915 |
| REMIC, Series 5070, Class PI | ||
| 3.00%, due 8/25/50 (h) | 1,208,914 | 212,388 |
| REMIC, Series 5011, Class MI | ||
| 3.00%, due 9/25/50 (h) | 1,000,491 | 156,269 |
| REMIC, Series 5094, Class IP | ||
| 3.00%, due 4/25/51 (h) | 915,846 | 145,084 |
| REMIC, Series 5160 | ||
| 3.00%, due 10/25/51 (h) | 913,862 | 97,493 |
| REMIC, Series 5304, Class UB | ||
| 4.00%, due 2/25/52 | 442,097 | 404,832 |
| FHLMC MSCR Trust (a)(b) | ||
| REMIC, Series 2026-MN13, Class M2 | ||
| 6.566% (SOFR 30A + 2.95%), due 3/25/46 | 730,000 | 735,851 |
| REMIC, Series 2026-MN13, Class B1 | ||
| 8.116% (SOFR 30A + 4.50%), due 3/25/46 | 580,000 | 584,138 |
| FHLMC, Strips | ||
| Series 272 | ||
| (zero coupon), due 8/15/42 | 688,991 | 521,750 |
| Series 402 | ||
| (zero coupon), due 9/25/53 | 510,884 | 414,547 |
| Series 311, Class S1 | ||
| 2.21% (-1 x SOFR 30A + 5.836%), due 8/15/43 (b)(h) | 1,998,732 | 163,870 |
| Series 397, Class C61 | ||
| 5.50%, due 1/25/53 (h) | 1,042,535 | 219,851 |
| FNMA | ||
| REMIC, Series 2023-70, Class AO | ||
| (zero coupon), due 3/25/53 | 412,607 | 329,330 |
| REMIC, Series 2023-45 | ||
| (zero coupon), due 10/25/53 | 536,106 | 429,554 |
| REMIC, Series 2023-24, Class OQ | ||
| (zero coupon), due 7/25/54 | 703,523 | 587,382 |
| REMIC, Series 2020-57, Class LJ | ||
| 2.00%, due 8/25/50 | 1,540,000 | 1,134,251 |
| REMIC, Series 2022-10, Class SA | ||
| 2.134% (-1 x SOFR 30A + 5.75%), due 2/25/52 (b)(h) | 1,800,785 | 171,480 |
| REMIC, Series 2025-103, Class SA | ||
| 2.214% (-1 x SOFR 30A + 5.83%), due 6/25/55 (b)(h) | 2,516,178 | 139,845 |
| REMIC, Series 2016-57, Class SN | ||
| 2.319% (-1 x SOFR 30A + 5.936%), due 6/25/46 (b)(h) | 1,048,861 | 90,929 |
| REMIC, Series 2021-3, Class TI | ||
| 2.50%, due 2/25/51 (h) | 1,499,531 | 247,601 |
| REMIC, Series 2021-12, Class JI | ||
| 2.50%, due 3/25/51 (h) | 836,291 | 129,342 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Agency (Collateralized Mortgage Obligations) | ||
| FNMA | ||
| REMIC, Series 2021-34, Class MI | ||
| 2.50%, due 3/25/51 (h) | $ 4,948,018 | $ 639,552 |
| REMIC, Series 2021-54, Class HI | ||
| 2.50%, due 6/25/51 (h) | 340,469 | 38,262 |
| REMIC, Series 2020-70, Class SD | ||
| 2.519% (-1 x SOFR 30A + 6.136%), due 10/25/50 (b)(h) | 1,182,015 | 121,432 |
| REMIC, Series 2021-53, Class GI | ||
| 3.00%, due 7/25/48 (h) | 6,463,557 | 1,046,665 |
| REMIC, Series 2021-85, Class BI | ||
| 3.00%, due 12/25/51 (h) | 2,384,069 | 411,693 |
| REMIC, Series 2021-12, Class GC | ||
| 3.50%, due 7/25/50 | 1,184,996 | 1,054,737 |
| REMIC, Series 2021-8, Class ID | ||
| 3.50%, due 3/25/51 (h) | 1,479,320 | 318,116 |
| REMIC, Series 2025-31, Class ZJ | ||
| 5.00%, due 6/25/54 | 1,341,089 | 1,259,891 |
| FNMA, Strips (h) | ||
| Series 426, Class C32 | ||
| 1.50%, due 2/25/52 | 2,979,690 | 277,941 |
| Series 429, Class C5 | ||
| 3.00%, due 10/25/52 | 3,017,033 | 548,129 |
| Series 440, Class C46 | ||
| 4.00%, due 10/25/53 | 2,677,599 | 586,839 |
| Series 438, Class C34 | ||
| 6.00%, due 8/25/53 | 1,301,269 | 304,326 |
| GNMA | ||
| REMIC, Series 2020-1, Class YS | ||
| (zero coupon) (-1 x 1 Month SOFR + 2.716%), due 1/20/50 (b)(h) | 2,011,006 | 13,202 |
| REMIC, Series 2020-129, Class SB | ||
| (zero coupon) (-1 x 1 Month SOFR + 3.086%), due 9/20/50 (b)(h) | 2,508,568 | 15,083 |
| REMIC, Series 2021-16, Class AS | ||
| (zero coupon) (-1 x 1 Month SOFR + 2.636%), due 1/20/51 (b)(h) | 3,133,509 | 17,379 |
| REMIC, Series 2023-101, Class KO | ||
| (zero coupon), due 1/20/51 | 1,645,460 | 1,069,505 |
| REMIC, Series 2021-29, Class AS | ||
| (zero coupon) (-1 x SOFR 30A + 2.70%), due 2/20/51 (b)(h) | 2,936,156 | 17,768 |
| REMIC, Series 2021-97, Class SA | ||
| (zero coupon) (-1 x SOFR 30A + 2.60%), due 6/20/51 (b)(h) | 3,602,495 | 14,531 |
| REMIC, Series 2021-205, Class DS | ||
| (zero coupon) (-1 x SOFR 30A + 3.20%), due 11/20/51 (b)(h) | 4,485,603 | 45,919 |
| REMIC, Series 2021-226, Class SA | ||
| (zero coupon) (-1 x SOFR 30A + 1.70%), due 12/20/51 (b)(h) | 2,459,344 | 3,525 |
| REMIC, Series 2022-87, Class SA | ||
| (zero coupon) (-1 x SOFR 30A + 3.30%), due 5/20/52 (b)(h) | 3,071,563 | 22,652 |
| REMIC, Series 2022-101, Class SB | ||
| (zero coupon) (-1 x SOFR 30A + 3.30%), due 6/20/52 (b)(h) | 1,537,463 | 8,479 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Agency (Collateralized Mortgage Obligations) | ||
| GNMA | ||
| REMIC, Series 2022-107, Class SA | ||
| (zero coupon) (-1 x SOFR 30A + 3.47%), due 6/20/52 (b)(h) | $ 7,743,366 | $ 51,812 |
| REMIC, Series 2023-66, Class OQ | ||
| (zero coupon), due 7/20/52 | 1,005,954 | 799,718 |
| REMIC, Series 2023-53 | ||
| (zero coupon), due 4/20/53 | 284,980 | 226,394 |
| REMIC, Series 2021-158, Class SB | ||
| 0.079% (-1 x SOFR 30A + 3.70%), due 9/20/51 (b)(h) | 2,358,509 | 35,913 |
| REMIC, Series 2022-78, Class S | ||
| 0.079% (-1 x SOFR 30A + 3.70%), due 4/20/52 (b)(h) | 1,668,551 | 16,045 |
| REMIC, Series 2022-34, Class HS | ||
| 0.479% (-1 x SOFR 30A + 4.10%), due 2/20/52 (b)(h) | 3,713,259 | 107,548 |
| REMIC, Series 2020-166, Class IC | ||
| 2.00%, due 11/20/50 (h) | 1,025,116 | 120,650 |
| REMIC, Series 2022-10, Class IC | ||
| 2.00%, due 11/20/51 (h) | 1,609,245 | 189,539 |
| REMIC, Series 2025-2, Class WZ | ||
| 2.00%, due 8/20/52 | 1,514,730 | 933,026 |
| REMIC, Series 2025-131, Class S | ||
| 2.429% (-1 x SOFR 30A + 6.05%), due 8/20/55 (b)(h) | 1,965,714 | 144,839 |
| REMIC, Series 2021-1, Class PI | ||
| 2.50%, due 12/20/50 (h) | 549,696 | 79,915 |
| REMIC, Series 2021-188 | ||
| 2.50%, due 10/20/51 (h) | 2,514,586 | 398,931 |
| REMIC, Series 2022-1, Class CF | ||
| 2.50% (SOFR 30A + 0.80%), due 1/20/52 (b) | 1,044,639 | 868,935 |
| REMIC, Series 2020-146, Class SA | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 10/20/50 (b)(h) | 1,327,151 | 147,029 |
| REMIC, Series 2020-167, Class SN | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 11/20/50 (b)(h) | 683,965 | 77,276 |
| REMIC, Series 2021-179, Class SA | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 11/20/50 (b)(h) | 1,998,767 | 232,697 |
| REMIC, Series 2020-189, Class SU | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 12/20/50 (b)(h) | 476,379 | 56,119 |
| REMIC, Series 2021-46, Class QS | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 3/20/51 (b)(h) | 798,514 | 86,057 |
| REMIC, Series 2021-46, Class TS | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 3/20/51 (b)(h) | 965,614 | 104,712 |
| REMIC, Series 2021-57, Class SA | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 3/20/51 (b)(h) | 2,819,936 | 302,929 |
| REMIC, Series 2021-57, Class SD | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 3/20/51 (b)(h) | 4,785,456 | 544,656 |
| REMIC, Series 2021-96, Class NS | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 6/20/51 (b)(h) | 2,525,882 | 270,555 |
| REMIC, Series 2021-96, Class SN | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 6/20/51 (b)(h) | 1,784,173 | 170,641 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Agency (Collateralized Mortgage Obligations) | ||
| GNMA | ||
| REMIC, Series 2021-97, Class SM | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 6/20/51 (b)(h) | $ 1,922,273 | $ 216,415 |
| REMIC, Series 2021-122, Class HS | ||
| 2.516% (-1 x 1 Month SOFR + 6.186%), due 7/20/51 (b)(h) | 1,709,719 | 196,162 |
| REMIC, Series 2021-96, Class JS | ||
| 2.566% (-1 x 1 Month SOFR + 6.236%), due 6/20/51 (b)(h) | 1,391,676 | 165,669 |
| REMIC, Series 2021-1, Class IT | ||
| 3.00%, due 1/20/51 (h) | 1,458,163 | 246,087 |
| REMIC, Series 2021-44, Class IQ | ||
| 3.00%, due 3/20/51 (h) | 2,152,621 | 353,122 |
| REMIC, Series 2021-67, Class PI | ||
| 3.00%, due 4/20/51 (h) | 954,072 | 157,031 |
| REMIC, Series 2021-74, Class HI | ||
| 3.00%, due 4/20/51 (h) | 261,111 | 37,690 |
| REMIC, Series 2021-98, Class IN | ||
| 3.00%, due 6/20/51 (h) | 929,109 | 163,557 |
| REMIC, Series 2024-48, Class JI | ||
| 3.00%, due 7/20/51 (h) | 1,745,581 | 300,716 |
| REMIC, Series 2021-139, Class IA | ||
| 3.00%, due 8/20/51 (h) | 6,124,747 | 1,077,043 |
| REMIC, Series 2022-207 | ||
| 3.00%, due 8/20/51 (h) | 1,474,408 | 251,021 |
| REMIC, Series 2023-86, Class SE | ||
| 3.029% (-1 x SOFR 30A + 6.65%), due 9/20/50 (b)(h) | 1,208,538 | 160,077 |
| REMIC, Series 2025-2, Class Z | ||
| 3.50%, due 1/20/55 | 1,744,075 | 1,333,815 |
| REMIC, Series 2016-93, Class AI | ||
| 4.50%, due 7/20/44 (h) | 1,382,608 | 304,224 |
| REMIC, Series 2024-164, Class PB | ||
| 4.50%, due 1/20/54 | 614,682 | 604,166 |
| REMIC, Series 2023-81, Class LA | ||
| 5.00%, due 6/20/52 | 193,858 | 191,827 |
| REMIC, Series 2023-38, Class WT | ||
| 6.403%, due 12/20/51 (c) | 436,396 | 444,545 |
| REMIC, Series 2023-59, Class YC | ||
| 7.094%, due 9/20/51 (c) | 1,104,971 | 1,182,740 |
| REMIC, Series 2023-55, Class LB | ||
| 7.754%, due 11/20/51 (c) | 593,231 | 654,488 |
| REMIC, Series 2023-55, Class CG | ||
| 7.864%, due 7/20/51 (c) | 614,108 | 679,120 |
| Multifamily Connecticut Avenue Securities Trust (a)(b) | ||
| Series 2025-01, Class M2 | ||
| 6.716% (SOFR 30A + 3.10%), due 5/25/55 | 1,825,000 | 1,852,395 |
| Series 2019-01, Class B10 | ||
| 9.231% (SOFR 30A + 5.614%), due 10/25/49 | 1,690,000 | 1,712,650 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Agency (Collateralized Mortgage Obligations) | ||
| Multifamily Connecticut Avenue Securities Trust (a)(b) | ||
| Series 2020-01, Class CE | ||
| 11.231% (SOFR 30A + 7.614%), due 3/25/50 | $ 1,350,000 | $ 1,393,368 |
| 37,362,437 | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) 9.5% | ||
| 1301 Trust | ||
| Series 2025-1301, Class D | ||
| 6.223%, due 8/11/42 (a)(i) | 1,075,000 | 1,063,230 |
| ARZ Trust | ||
| Series 2024-BILT, Class E | ||
| 7.487%, due 6/11/39 (a) | 851,000 | 865,871 |
| BAMLL Commercial Mortgage Securities Trust (a) | ||
| Series 2016-ISQ, Class A | ||
| 2.848%, due 8/14/34 | 1,500,000 | 1,062,810 |
| Series 2014-520M, Class A | ||
| 4.185%, due 8/15/46 (i) | 1,650,000 | 1,481,947 |
| Benchmark Mortgage Trust | ||
| Series 2018-B6, Class D | ||
| 3.084%, due 10/10/51 (a)(i) | 630,000 | 474,621 |
| Series 2019-B11, Class A5 | ||
| 3.542%, due 5/15/52 | 625,000 | 598,949 |
| BF Mortgage Trust | ||
| Series 2019-NYT, Class B | ||
| 5.374% (1 Month SOFR + 1.697%), due 12/15/35 (a)(b) | 925,000 | 881,063 |
| BFLD Commercial Mortgage Trust | ||
| Series 2025-5MW, Class A | ||
| 4.674%, due 10/10/42 (a)(i) | 1,020,000 | 1,000,349 |
| BLP Commercial Mortgage Trust | ||
| Series 2023-IND, Class F | ||
| 7.863% (1 Month SOFR + 4.187%), due 3/15/40 (a)(b) | 1,359,623 | 1,366,421 |
| BMO Mortgage Trust | ||
| Series 2024-C9, Class A5 | ||
| 5.759%, due 7/15/57 | 820,000 | 841,145 |
| BOFAS Re-REMIC Trust (a)(c) | ||
| Series 2026-FRR8, Class B746 | ||
| 2.483%, due 4/27/54 | 960,000 | 879,236 |
| Series 2026-FRR8, Class C746 | ||
| 2.506%, due 4/27/54 | 700,000 | 638,020 |
| BWAY Mortgage Trust | ||
| Series 2013-1515, Class C | ||
| 3.446%, due 3/10/33 (a) | 1,068,000 | 985,546 |
| BX Commercial Mortgage Trust (a) | ||
| Series 2026-VLT9, Class D | ||
| 6.926% (1 Month SOFR + 3.25%), due 3/15/45 (b) | 1,400,000 | 1,396,503 |
| Series 2024-VLT5, Class E | ||
| 7.872%, due 11/13/46 (i) | 1,475,000 | 1,457,243 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) | ||
| BX Commercial Mortgage Trust (a) | ||
| Series 2024-BRBK, Class D | ||
| 9.676% (1 Month SOFR + 5.971%), due 10/15/41 (b) | $ 935,000 | $ 930,343 |
| BX Trust (a) | ||
| Series 2025-ARIA, Class C | ||
| 5.517%, due 12/13/42 (i) | 1,290,000 | 1,276,172 |
| Series 2025-LIFE, Class A | ||
| 5.884%, due 6/13/47 (i) | 1,330,000 | 1,299,490 |
| Series 2026-CLS, Class C | ||
| 6.026% (1 Month SOFR + 2.35%), due 5/15/43 (b) | 1,240,000 | 1,242,602 |
| Series 2025-VOLT, Class D | ||
| 6.426% (1 Month SOFR + 2.75%), due 12/15/44 (b) | 1,430,000 | 1,426,423 |
| Series 2025-VLT7, Class E | ||
| 7.426% (1 Month SOFR + 3.75%), due 7/15/44 (b) | 640,000 | 641,183 |
| CAMB Commercial Mortgage Trust | ||
| Series 2021-CX2, Class D | ||
| 2.771%, due 11/10/46 (a)(i) | 1,000,000 | 697,822 |
| CFCRE Commercial Mortgage Trust | ||
| Series 2016-C4, Class D | ||
| 4.417%, due 5/10/58 (a)(i) | 895,000 | 868,141 |
| Commercial Mortgage Trust (a) | ||
| Series 2020-CX, Class D | ||
| 2.683%, due 11/10/46 (i) | 1,035,000 | 799,956 |
| Series 2014-CR20, Class D | ||
| 3.222%, due 11/10/47 | 568,838 | 290,107 |
| Series 2016-DC2, Class D | ||
| 3.857%, due 2/10/49 (i) | 1,208,000 | 1,102,856 |
| Series 2013-CR6, Class D | ||
| 3.872%, due 3/10/46 (i) | 890,000 | 818,319 |
| Series 2018-HCLV, Class A | ||
| 4.972% (1 Month SOFR + 1.296%), due 9/15/33 (b) | 995,000 | 941,605 |
| CSMC Trust | ||
| Series 2017-TIME, Class A | ||
| 3.646%, due 11/13/39 (a) | 1,455,000 | 1,393,727 |
| DBUBS Mortgage Trust | ||
| Series 2011-LC3A, Class PM2 | ||
| 5.098%, due 5/10/44 (a)(i) | 1,250,000 | 18,750 |
| ESTN Trust | ||
| Series 2026-TOWN, Class B | ||
| 5.553%, due 5/12/46 (a)(i) | 1,665,000 | 1,647,069 |
| Extended Stay America Trust | ||
| Series 2026-ESH2, Class B | ||
| 5.076% (1 Month SOFR + 1.40%), due 2/15/43 (a)(b) | 1,086,828 | 1,089,545 |
| FHLMC MSCR Trust (a)(b) | ||
| REMIC, Series 2025-MN11, Class M2 | ||
| 6.266% (SOFR 30A + 2.65%), due 7/25/45 | 1,295,000 | 1,288,830 |
| Series 2025-MN10, Class M2 | ||
| 6.466% (SOFR 30A + 2.85%), due 2/25/45 | 1,445,000 | 1,453,267 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) | ||
| FHLMC MSCR Trust (a)(b) | ||
| REMIC, Series 2024-MN8, Class M2 | ||
| 7.866% (SOFR 30A + 4.25%), due 5/25/44 | $ 1,060,000 | $ 1,106,398 |
| First Citizens Loan Trust | ||
| Series 2026-SBA1A, Class M2 | ||
| 6.33%, due 5/27/53 (a) | 1,423,930 | 1,409,509 |
| GNMA | ||
| REMIC, Series 2025-112 | ||
| 0.57%, due 3/16/66 (h)(i) | 6,481,651 | 316,483 |
| REMIC, Series 2020-177 | ||
| 0.807%, due 6/16/62 (h)(i) | 3,900,245 | 233,210 |
| REMIC, Series 2023-194, Class CI | ||
| 0.844%, due 10/16/65 (h)(i) | 3,308,482 | 197,200 |
| REMIC, Series 2023-159, Class CI | ||
| 0.956%, due 7/16/65 (c)(h) | 4,423,945 | 296,198 |
| REMIC, Series 2020-168, Class IA | ||
| 0.975%, due 12/16/62 (h)(i) | 2,322,422 | 162,787 |
| REMIC, Series 2021-47 | ||
| 0.992%, due 3/16/61 (h)(i) | 5,440,478 | 353,715 |
| REMIC, Series 2022-185, Class DI | ||
| 1.022%, due 10/16/65 (h)(i) | 1,972,863 | 129,441 |
| REMIC, Series 2023-172 | ||
| 1.332%, due 2/16/66 (h)(i) | 3,022,192 | 265,799 |
| REMIC, Series 2018-173, Class ZA | ||
| 3.00%, due 7/16/60 | 1,380,611 | 1,009,734 |
| GS Mortgage Securities Trust | ||
| Series 2015-GC30, Class D | ||
| 3.384%, due 5/10/50 | 2,770,000 | 1,688,869 |
| Series 2015-GC30, Class B | ||
| 3.961%, due 5/10/50 (i) | 291,598 | 283,579 |
| Series 2014-GC22, Class B | ||
| 4.391%, due 6/10/47 (c) | 1,190,000 | 921,462 |
| Series 2024-FAIR, Class D | ||
| 7.949%, due 7/15/29 (a)(i) | 1,380,000 | 1,355,292 |
| Hilton USA Trust | ||
| Series 2016-SFP, Class A | ||
| 2.828%, due 11/5/35 (a) | 735,000 | 607,110 |
| J.P. Morgan Chase Commercial Mortgage Securities Trust (a) | ||
| Series 2019-COR5, Class D | ||
| 3.00%, due 6/13/52 | 240,000 | 189,477 |
| Series 2021-1440, Class A | ||
| 5.091% (1 Month SOFR + 1.414%), due 3/15/36 (b) | 915,000 | 860,169 |
| Life Mortgage Trust | ||
| Series 2022-BMR2, Class A1 | ||
| 4.972% (1 Month SOFR + 1.295%), due 5/15/39 (a)(b) | 1,395,000 | 1,307,813 |
| LONG Trust | ||
| Series 2026-ISL, Class A | ||
| 5.376% (1 Month SOFR + 1.70%), due 6/15/43 (a)(b) | 990,000 | 988,280 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) | ||
| Manhattan West Mortgage Trust | ||
| Series 2026-2MW, Class B | ||
| 5.534%, due 6/10/48 (a)(i) | $ 1,710,000 | $ 1,685,506 |
| Morgan Stanley Bank of America Merrill Lynch Trust | ||
| Series 2015-C22, Class D | ||
| 3.962%, due 4/15/48 (a)(i) | 1,590,000 | 628,034 |
| Multifamily Connecticut Avenue Securities Trust | ||
| Series 2023-01, Class M7 | ||
| 7.616% (SOFR 30A + 4.00%), due 11/25/53 (a)(b) | 1,288,896 | 1,324,616 |
| NCMF Trust | ||
| Series 2025-MFS, Class D | ||
| 6.618%, due 6/10/33 (a)(i) | 1,465,000 | 1,465,884 |
| NYC Commercial Mortgage Trust | ||
| Series 2025-1155, Class E | ||
| 7.358%, due 6/10/42 (a)(i) | 1,500,000 | 1,459,089 |
| One Bryant Park Trust | ||
| Series 2019-OBP, Class A | ||
| 2.516%, due 9/15/54 (a) | 1,105,000 | 1,017,618 |
| PTCM Re-REMIC Trust (a)(i) | ||
| Series 2026-FRR1, Class C157 | ||
| 2.016%, due 7/25/60 | 1,500,000 | 1,018,882 |
| Series 2026-FRR1, Class C169 | ||
| 2.999%, due 3/25/62 | 1,370,000 | 939,309 |
| SKY Trust | ||
| Series 2025-LINE, Class B | ||
| 7.363% (1 Month SOFR + 3.687%), due 4/15/42 (a)(b) | 572,069 | 576,052 |
| UBS Commercial Mortgage Trust | ||
| Series 2018-C9, Class C | ||
| 4.942%, due 3/15/51 (i) | 940,000 | 554,774 |
| WB Commercial Mortgage Trust | ||
| Series 2024-HQ, Class A | ||
| 5.937%, due 3/15/40 (a)(i) | 995,000 | 996,504 |
| Wells Fargo Commercial Mortgage Trust | ||
| Series 2016-NXS5, Class D | ||
| 4.796%, due 1/15/59 (i) | 1,950,000 | 877,500 |
| WHARF Commercial Mortgage Trust | ||
| Series 2025-DC, Class C | ||
| 6.03%, due 7/15/40 (a)(i) | 1,135,000 | 1,140,637 |
| 61,586,091 | ||
| Whole Loan (Collateralized Mortgage Obligations) 7.2% | ||
| Aspire Mortgage Trust | ||
| Series 2026-1, Class A1 | ||
| 4.855%, due 1/25/66 (a)(c) | 1,196,541 | 1,181,075 |
| BRAVO Residential Funding Trust | ||
| Series 2024-NQM8, Class A1A | ||
| 4.30%, due 8/1/53 (a)(g) | 444,871 | 435,676 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Whole Loan (Collateralized Mortgage Obligations) | ||
| CIM Trust (a)(c) | ||
| Series 2021-J2, Class AS | ||
| 0.21%, due 4/25/51 (h) | $ 27,031,807 | $ 333,437 |
| Series 2019-INV1, Class B4 | ||
| 5.025%, due 2/25/49 | 1,001,836 | 934,200 |
| Citigroup Mortgage Loan Trust (a)(c) | ||
| Series 2025-4, Class A2 | ||
| 5.50%, due 10/25/55 | 503,591 | 494,385 |
| Series 2026-LTV1, Class A1 | ||
| 5.759%, due 5/25/66 | 1,635,000 | 1,632,366 |
| Connecticut Avenue Securities Trust (a)(b) | ||
| Series 2025-R01, Class 1B1 | ||
| 5.316% (SOFR 30A + 1.70%), due 1/25/45 | 610,000 | 610,966 |
| Series 2025-R02, Class 1B1 | ||
| 5.566% (SOFR 30A + 1.95%), due 2/25/45 | 550,000 | 554,765 |
| Series 2024-R05, Class 2B1 | ||
| 5.616% (SOFR 30A + 2.00%), due 7/25/44 | 920,000 | 928,603 |
| Series 2023-R07, Class 2M2 | ||
| 6.866% (SOFR 30A + 3.25%), due 9/25/43 | 600,000 | 617,030 |
| Series 2023-R03, Class 2M2 | ||
| 7.516% (SOFR 30A + 3.90%), due 4/25/43 | 535,000 | 557,688 |
| Series 2022-R01, Class 1B2 | ||
| 9.616% (SOFR 30A + 6.00%), due 12/25/41 | 1,075,000 | 1,094,352 |
| Series 2022-R02, Class 2B2 | ||
| 11.266% (SOFR 30A + 7.65%), due 1/25/42 | 1,015,000 | 1,044,730 |
| Series 2019-HRP1, Class B1 | ||
| 12.981% (SOFR 30A + 9.364%), due 11/25/39 | 1,685,407 | 1,726,395 |
| FHLMC STACR REMIC Trust (a)(b) | ||
| Series 2025-DNA1, Class M2 | ||
| 4.966% (SOFR 30A + 1.35%), due 1/25/45 | 1,276,000 | 1,276,000 |
| Series 2025-HQA1, Class M2 | ||
| 5.266% (SOFR 30A + 1.65%), due 2/25/45 | 985,000 | 990,539 |
| Series 2024-HQA1, Class M2 | ||
| 5.616% (SOFR 30A + 2.00%), due 3/25/44 | 505,000 | 509,100 |
| Series 2022-DNA2, Class B1 | ||
| 8.366% (SOFR 30A + 4.75%), due 2/25/42 | 605,000 | 616,787 |
| Series 2020-HQA1, Class B2 | ||
| 8.831% (SOFR 30A + 5.214%), due 1/25/50 | 1,377,000 | 1,519,024 |
| Series 2022-DNA1, Class B2 | ||
| 10.716% (SOFR 30A + 7.10%), due 1/25/42 | 1,295,000 | 1,329,917 |
| FHLMC STACR Securitized Participation Interests Trust | ||
| REMIC, Series 2018-SPI3, Class B | ||
| 4.161%, due 8/25/48 (a)(c) | 896,841 | 725,671 |
| FHLMC STACR Trust (a)(b) | ||
| REMIC, Series 2019-FTR1, Class B2 | ||
| 12.081% (SOFR 30A + 8.464%), due 1/25/48 | 1,750,000 | 2,061,167 |
| REMIC, Series 2019-HQA2, Class B2 | ||
| 14.981% (SOFR 30A + 11.364%), due 4/25/49 | 2,605,000 | 3,062,516 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Whole Loan (Collateralized Mortgage Obligations) | ||
| GS Mortgage-Backed Securities Corp. Trust | ||
| Series 2021-PJ1, Class A4 | ||
| 2.50%, due 6/25/51 (a)(c) | $ 752,701 | $ 600,367 |
| GS Mortgage-Backed Securities Trust (a) | ||
| Series 2022-HP1, Class B4 | ||
| 3.308%, due 9/25/52 (i) | 858,192 | 699,131 |
| Series 2023-PJ1, Class A4 | ||
| 3.50%, due 2/25/53 (c) | 1,481,610 | 1,296,739 |
| J.P. Morgan Mortgage Trust (a)(i) | ||
| Series 2021-4, Class B1 | ||
| 2.886%, due 8/25/51 | 1,187,309 | 979,507 |
| Series 2022-1, Class B3 | ||
| 3.084%, due 7/25/52 | 1,263,265 | 1,013,431 |
| JPMorgan Wealth Management | ||
| Series 2020-ATR1, Class B2 | ||
| 3.421%, due 2/25/50 (a)(i) | 985,846 | 863,017 |
| loanDepot GMSR Master Trust | ||
| Series 2025-GT2, Class A | ||
| 6.82% (1 Month SOFR + 3.15%), due 7/16/30 (a)(b) | 1,455,000 | 1,457,540 |
| Mill City Mortgage Loan Trust (a)(c) | ||
| Series 2018-3, Class B2 | ||
| 3.25%, due 8/25/58 | 2,100,522 | 1,578,384 |
| Series 2018-3, Class B4 | ||
| 3.653%, due 8/25/58 | 558,809 | 360,344 |
| New Residential Mortgage Loan Trust | ||
| Series 2024-RPL1, Class B1 | ||
| 3.863%, due 1/25/64 (a)(i) | 1,150,000 | 939,741 |
| OBX Trust (a) | ||
| Series 2025-R1, Class A1 | ||
| 4.94%, due 9/25/62 (g) | 637,807 | 629,053 |
| Series 2026-J1, Class AF | ||
| 4.966% (SOFR 30A + 1.35%), due 2/25/56 (b) | 1,305,811 | 1,306,599 |
| RCKT Mortgage Trust | ||
| Series 2021-5, Class A1 | ||
| 2.50%, due 11/25/51 (a)(c) | 1,060,860 | 855,416 |
| Santander Mortgage Asset Receivable Trust | ||
| Series 2026-NQMS1, Class A2 | ||
| 5.796%, due 10/25/65 (a)(g) | 1,428,808 | 1,423,708 |
| SG Residential Mortgage Trust | ||
| Series 2026-4, Class A1 | ||
| 5.507%, due 7/1/66 (a)(c) | 1,450,576 | 1,446,325 |
| STACR Trust (a)(b) | ||
| Series 2018-HRP2, Class B2 | ||
| 14.231% (SOFR 30A + 10.614%), due 2/25/47 | 795,000 | 945,303 |
| Series 2018-HRP1, Class B2 | ||
| 15.481% (SOFR 30A + 11.864%), due 5/25/43 | 3,032,103 | 3,503,737 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Whole Loan (Collateralized Mortgage Obligations) | ||
| Towd Point Mortgage Trust (a)(c) | ||
| Series 2018-2, Class B5 | ||
| 3.613%, due 3/25/58 | $ 2,403,344 | $ 1,130,066 |
| Series 2017-4, Class B5 | ||
| 3.636%, due 6/25/57 | 716,324 | 497,486 |
| Series 2026-1, Class A1A | ||
| 4.131%, due 1/25/66 | 1,201,089 | 1,180,608 |
| 46,942,891 | ||
| Total Mortgage-Backed Securities (Cost $150,171,208) | 145,891,419 | |
| U.S. Government & Federal Agencies 35.4% | ||
| Federal Home Loan Mortgage Corporation (Mortgage Pass-Through Securities) 2.6% | ||
| FHLMC Gold Pools, Other | ||
| 4.00%, due 6/1/42 | 622,162 | 589,621 |
| UMBS Pool, 20 Year | ||
| 4.50%, due 1/1/46 | 1,154,567 | 1,102,605 |
| UMBS Pool, 30 Year | ||
| 2.00%, due 9/1/51 | 1,875,870 | 1,471,313 |
| 3.00%, due 1/1/43 | 615,948 | 552,519 |
| 3.00%, due 5/1/52 | 1,774,935 | 1,519,282 |
| 3.00%, due 7/1/52 | 854,707 | 730,615 |
| 3.50%, due 9/1/47 | 373,556 | 337,533 |
| 3.50%, due 11/1/47 | 1,200,119 | 1,083,568 |
| 4.00%, due 10/1/52 | 565,897 | 519,259 |
| 5.00%, due 3/1/54 | 781,243 | 756,027 |
| 5.00%, due 2/1/55 | 1,455,002 | 1,405,943 |
| 5.50%, due 7/1/53 | 1,703,527 | 1,694,652 |
| 5.50%, due 7/1/53 | 572,289 | 568,495 |
| 5.50%, due 11/1/54 | 1,189,928 | 1,185,378 |
| 5.50%, due 11/1/54 | 998,842 | 993,356 |
| 5.50%, due 2/1/55 | 1,378,566 | 1,365,432 |
| 6.00%, due 4/1/55 | 586,429 | 593,402 |
| 6.00%, due 8/1/55 | 627,676 | 635,141 |
| 17,104,141 | ||
| Federal National Mortgage Association (Mortgage Pass-Through Securities) 5.4% | ||
| FNMA, Other | ||
| 4.00%, due 3/1/42 | 404,319 | 379,431 |
| 4.00%, due 1/1/43 | 690,135 | 651,907 |
| 4.38%, due 7/1/28 | 1,000,000 | 995,855 |
| 6.00%, due 4/1/37 | 2,503 | 2,556 |
| UMBS, 30 Year | ||
| 2.00%, due 10/1/50 | 1,747,362 | 1,374,586 |
| 2.00%, due 12/1/51 | 1,831,590 | 1,438,823 |
| 2.00%, due 1/1/52 | 2,573,259 | 2,021,012 |
| 2.00%, due 3/1/52 | 7,172,011 | 5,623,999 |
| Principal Amount | Value | |
| U.S. Government & Federal Agencies | ||
| Federal National Mortgage Association (Mortgage Pass-Through Securities) | ||
| UMBS, 30 Year | ||
| 2.00%, due 3/1/52 | $ 211,145 | $ 164,913 |
| 2.50%, due 1/1/52 | 1,129,171 | 922,059 |
| 2.50%, due 4/1/52 | 1,283,581 | 1,054,674 |
| 2.50%, due 5/1/52 | 5,127,269 | 4,209,725 |
| 2.50%, due 6/1/52 | 1,231,350 | 1,011,776 |
| 3.00%, due 6/1/52 | 866,489 | 741,663 |
| 3.00%, due 7/1/52 | 338,533 | 289,893 |
| 3.50%, due 12/1/44 | 469,631 | 434,070 |
| 3.50%, due 11/1/50 | 68,707 | 61,154 |
| 4.50%, due 1/1/54 | 816,503 | 769,434 |
| 5.00%, due 3/1/53 | 1,185,758 | 1,152,328 |
| 5.00%, due 5/1/53 | 985,783 | 959,623 |
| 5.00%, due 3/1/56 | 1,193,154 | 1,151,908 |
| 5.00%, due 7/1/56 | 2,687,808 | 2,594,889 |
| 5.50%, due 8/1/53 | 755,823 | 755,834 |
| 5.50%, due 5/1/54 | 532,903 | 528,581 |
| 5.50%, due 6/1/54 | 488,235 | 485,523 |
| 5.50%, due 10/1/54 | 2,023,446 | 2,004,168 |
| 6.00%, due 8/1/53 | 582,976 | 592,246 |
| 6.00%, due 8/1/53 | 655,662 | 666,200 |
| 6.00%, due 9/1/53 | 1,978,780 | 2,007,023 |
| 35,045,853 | ||
| Government National Mortgage Association (Mortgage Pass-Through Security) 0.1% | ||
| GNMA II, 30 Year | ||
| 2.00%, due 6/20/51 | 749,844 | 587,810 |
| United States Treasury Bonds 11.6% | ||
| U.S. Treasury Bonds | ||
| 5.00%, due 5/15/46 | 48,905,000 | 47,307,946 |
| 5.00%, due 5/15/56 | 29,690,000 | 28,558,069 |
| 75,866,015 | ||
| United States Treasury Notes 15.7% | ||
| U.S. Treasury Notes | ||
| 4.125%, due 7/15/29 | 13,040,000 | 12,966,650 |
| 4.375%, due 7/31/31 | 10,265,000 | 10,241,743 |
| 4.375%, due 7/31/33 | 73,045,000 | 72,211,831 |
| 4.375%, due 5/15/36 | 6,765,000 | 6,587,419 |
| 102,007,643 | ||
| Total U.S. Government & Federal Agencies (Cost $234,465,246) | 230,611,462 | |
| Total Long-Term Bonds (Cost $662,009,160) | 644,030,241 | |
| Shares | Value | ||
| Common Stocks 0.0% ‡ | |||
| Commercial Services & Supplies 0.0% ‡ | |||
| Quad/Graphics, Inc. | 1 | $ 10 | |
| Total Common Stocks (Cost $0) | 10 | ||
| Short-Term Investments 1.7% | |||
| Affiliated Investment Company 0.9% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (j) | 5,733,605 | 5,733,605 | |
| Unaffiliated Investment Company 0.8% | |||
| Invesco Government & Agency Portfolio, 3.742% (j)(k) | 5,420,850 | 5,420,850 | |
| Total Short-Term Investments (Cost $11,154,455) | 11,154,455 | ||
| Total Investments (Cost $673,163,615) | 100.5% | 655,184,706 | |
| Other Assets, Less Liabilities | (0.5) | (3,280,477) | |
| Net Assets | 100.0% | $ 651,904,229 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| ‡ | Less than one-tenth of a percent. |
| (a) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (b) | Floating rate—Rate shown was the rate in effect as of July 31, 2026. |
| (c) | Coupon rate may change based on changes of the underlying collateral or prepayments of principal. Rate shown was the rate in effect as of July 31, 2026. |
| (d) | All or a portion of this security was held on loan. As of July 31, 2026, the aggregate market value of securities on loan was $4,805,329. The Fund received cash collateral with a value of $5,420,850. |
| (e) | Fixed to floating rate—Rate shown was the rate in effect as of July 31, 2026. |
| (f) | Security is perpetual and, thus, does not have a predetermined maturity date. The date shown, if applicable, reflects the next call date. |
| (g) | Step coupon—Rate shown was the rate in effect as of July 31, 2026. |
| (h) | Collateralized Mortgage Obligation Interest Only Strip—Pays a fixed or variable rate of interest based on mortgage loans or mortgage pass-through securities. The principal amount of the underlying pool represents the notional amount on which the current interest was calculated. The value of these stripped securities may be particularly sensitive to changes in prevailing interest rates and are typically more sensitive to changes in prepayment rates than traditional mortgage-backed securities. |
| (i) | Collateral strip rate—A bond whose interest was based on the weighted net interest rate of the collateral. The coupon rate adjusts periodically based on a predetermined schedule. Rate shown was the rate in effect as of July 31, 2026. |
| (j) | Current yield as of July 31, 2026. |
| (k) | Represents a security purchased with cash collateral received for securities on loan. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ 3,699 | $ 212,436 | $ (210,401) | $ — | $ — | $ 5,734 | $ 200 | $ — | 5,734 |
| Type | Number of Contracts | Expiration Date | Value at Trade Date | Current Notional Amount | Unrealized Appreciation (Depreciation)2 |
| Long Contracts | |||||
| U.S. Treasury 2 Year Notes | 180 | September 2026 | $ 37,104,644 | $ 37,009,687 | $ (94,957) |
| U.S. Treasury 5 Year Notes | 115 | September 2026 | 12,246,566 | 12,187,305 | (59,261) |
| U.S. Treasury Long Bonds | 62 | September 2026 | 6,912,861 | 6,715,375 | (197,486) |
| Net Unrealized Depreciation | $ (351,704) |
| 1. | As of July 31, 2026, cash in the amount of $589,150 was on deposit with a broker or futures commission merchant for futures transactions. |
| 2. | Represents the difference between the value of the contracts at the time they were opened and the value as of July 31, 2026. |
| Abbreviation(s): |
| CLO—Collateralized Loan Obligation |
| FHLMC—Federal Home Loan Mortgage Corp. |
| FNMA—Federal National Mortgage Association |
| GMSR—Ginnie Mae Mortgage Servicing Rights |
| GNMA—Government National Mortgage Association |
| JSC—Joint-Stock Company |
| MSCR—Multifamily Structured Credit Risk |
| PYG—Paraguay Guarani |
| REMIC—Real Estate Mortgage Investment Conduit |
| SOFR—Secured Overnight Financing Rate |
| STACR—Structured Agency Credit Risk |
| UMBS—Uniform Mortgage Backed Securities |
| UYU—Uruguay Peso |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Long-Term Bonds | |||||||
| Asset-Backed Securities | $ — | $ 60,940,760 | $ — | $ 60,940,760 | |||
| Corporate Bonds | — | 177,743,830 | — | 177,743,830 | |||
| Foreign Government Bonds | — | 10,574,177 | — | 10,574,177 | |||
| Loan Assignments | — | 18,268,593 | — | 18,268,593 | |||
| Mortgage-Backed Securities | — | 145,891,419 | — | 145,891,419 | |||
| U.S. Government & Federal Agencies | — | 230,611,462 | — | 230,611,462 | |||
| Total Long-Term Bonds | — | 644,030,241 | — | 644,030,241 | |||
| Common Stocks | 10 | — | — | 10 | |||
| Short-Term Investments | |||||||
| Affiliated Investment Company | 5,733,605 | — | — | 5,733,605 | |||
| Unaffiliated Investment Company | 5,420,850 | — | — | 5,420,850 | |||
| Total Short-Term Investments | 11,154,455 | — | — | 11,154,455 | |||
| Total Investments in Securities | $ 11,154,465 | $ 644,030,241 | $ — | $ 655,184,706 | |||
| Liability Valuation Inputs | |||||||
| Other Financial Instruments | |||||||
| Futures Contracts (b) | $ (351,704) | $ — | $ — | $ (351,704) |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| (b) | The value listed for these securities reflects unrealized appreciation (depreciation) as shown on the Portfolio of Investments. |
| Principal Amount | Value | |
| Municipal Bonds 99.7% | ||
| Long-Term Municipal Bonds 99.5% | ||
| Education 14.7% | ||
| Brazos Higher Education Authority, Inc., Revenue Bonds, Senior Lien | ||
| Series 1-A | ||
| 5.00%, due 4/1/32 (a) | $ 1,000,000 | $ 1,043,580 |
| University of Washington, Revenue Bonds | ||
| Series C | ||
| 3.125%, due 7/1/42 | 1,480,000 | 1,205,295 |
| Utah Charter School Finance Authority, Revenue Bonds | ||
| Series A, Insured: BAM UT CSCE | ||
| 4.00%, due 10/15/46 | 1,000,000 | 892,657 |
| Series A, Insured: UT CSCE | ||
| 5.00%, due 4/15/39 | 1,000,000 | 1,035,707 |
| Utah Charter School Finance Authority, George Washington Academy, Revenue Bonds | ||
| Insured: UT CSCE | ||
| 5.00%, due 4/15/35 | 1,500,000 | 1,500,565 |
| Utah Charter School Finance Authority, Good Foundations Academy Charter School, Revenue Bonds (b) | ||
| Series A | ||
| 5.55%, due 11/15/34 | 1,525,000 | 1,525,659 |
| Series A | ||
| 5.85%, due 11/15/44 | 3,280,000 | 3,280,189 |
| Utah Charter School Finance Authority, Hawthorn Academy, Revenue Bonds | ||
| Insured: UT CSCE | ||
| 5.00%, due 10/15/46 | 3,795,000 | 3,795,003 |
| Utah Charter School Finance Authority, Karl G Maeser Preparatory Academy, Revenue Bonds | ||
| Insured: UT CSCE | ||
| 5.00%, due 4/15/35 | 350,000 | 377,658 |
| Insured: UT CSCE | ||
| 5.125%, due 4/15/45 | 390,000 | 403,264 |
| Utah Charter School Finance Authority, Lakeview Academy of Science Arts & Technology, Revenue Bonds | ||
| Insured: UT CSCE | ||
| 5.00%, due 10/15/35 | 1,300,000 | 1,300,492 |
| Utah Charter School Finance Authority, Legacy Preparatory Academy, Revenue Bonds | ||
| Insured: UT CSCE | ||
| 5.00%, due 4/15/29 | 1,075,000 | 1,075,822 |
| Utah Charter School Finance Authority, Monticello Academy, Inc., Revenue Bonds | ||
| Insured: UT CSCE | ||
| 5.00%, due 4/15/37 | 1,000,000 | 1,000,737 |
| Utah Charter School Finance Authority, Promontory School of Expeditionary Learning, Revenue Bonds | ||
| Series A, Insured: BAM UT CSCE | ||
| 3.60%, due 10/15/33 | 1,285,000 | 1,250,573 |
| Utah Charter School Finance Authority, Salt Lake Arts Academy, Revenue Bonds | ||
| Series A, Insured: BAM UT CSCE | ||
| 3.00%, due 4/15/40 | 1,000,000 | 802,760 |
| Utah Charter School Finance Authority, Syracuse Arts Academy Project, Revenue Bonds | ||
| Insured: UT CSCE | ||
| 5.00%, due 4/15/31 | 630,000 | 670,210 |
| Insured: UT CSCE | ||
| 5.00%, due 4/15/33 | 720,000 | 767,868 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Education | ||
| Utah Charter School Finance Authority, Syracuse Arts Academy Project, Revenue Bonds | ||
| Insured: UT CSCE | ||
| 5.00%, due 4/15/46 | $ 1,180,000 | $ 1,195,017 |
| Utah Charter School Finance Authority, Venture Academy, Revenue Bonds | ||
| Insured: UT CSCE | ||
| 5.00%, due 10/15/29 | 700,000 | 700,397 |
| Insured: UT CSCE | ||
| 5.00%, due 10/15/34 | 1,095,000 | 1,095,326 |
| Insured: UT CSCE | ||
| 5.00%, due 10/15/38 | 1,095,000 | 1,095,150 |
| Utah Charter School Finance Authority, Vista at Entrada School of Performing Arts & Technology, Revenue Bonds | ||
| Series A, Insured: BAM UT CSCE | ||
| 4.00%, due 10/15/35 | 1,080,000 | 1,062,130 |
| Utah State University, Revenue Bonds | ||
| Series B, Insured: BAM | ||
| 3.00%, due 12/1/36 | 2,055,000 | 1,839,404 |
| 28,915,463 | ||
| General 10.3% | ||
| Black Desert Public Infrastructure District, Assessment Area No. 1, Special Assessment | ||
| 5.625%, due 12/1/53 (b) | 1,461,472 | 1,481,077 |
| Copper Rim Infrastructure Financing District, Assessment Area, Special Assessment | ||
| 6.125%, due 12/1/54 (b) | 1,000,000 | 1,024,770 |
| County of Weber, Summit Mountain Assessment Area, Special Assessment | ||
| 5.50%, due 1/15/28 | 740,000 | 741,395 |
| 5.75%, due 1/15/33 | 3,245,000 | 3,251,761 |
| Currents Community Development District, Assessment, Special Assessment | ||
| Series B | ||
| 4.25%, due 5/1/41 (b) | 415,000 | 379,769 |
| Downtown Daybreak Public Infrastructure District No. 1, South Station Housing and Transit Reinvestment Zone, Tax Allocation | ||
| 5.00%, due 3/1/41 (b) | 1,000,000 | 1,003,369 |
| Lomond Heights Public Infrastructure District, Lomond Heights Assessment Area, Special Assessment | ||
| Series A-2 | ||
| 5.625%, due 12/1/55 | 1,000,000 | 992,687 |
| Mida Mountain Village Public Infrastructure District, Tax Allocation | ||
| Series 2 | ||
| (zero coupon), due 6/1/35 (b)(c) | 500,000 | 398,712 |
| Reunion East Community Development District, Special Assessment | ||
| 3.15%, due 5/1/41 | 1,000,000 | 853,649 |
| Skyfall Infrastructure Financing District, Assessment Area No. 1, Special Assessment | ||
| 5.75%, due 12/1/36 (b) | 1,500,000 | 1,495,734 |
| Tradition Community Development District No. 9, Special Assessment | ||
| 2.70%, due 5/1/31 | 425,000 | 395,216 |
| Utah City West Public Infrastructure District No. 1, Assessment Area No. 1, Special Assessment (b) | ||
| 5.00%, due 12/1/36 | 1,550,000 | 1,581,510 |
| 5.50%, due 12/1/46 | 2,100,000 | 2,125,260 |
| Verk Industrial Regional Public Infrastructure District, Tax Allocation | ||
| 6.625%, due 9/1/47 (b) | 1,500,000 | 1,584,497 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| General | ||
| Washington County Municipal Building Authority, Revenue Bonds | ||
| 5.00%, due 10/1/32 | $ 500,000 | $ 501,750 |
| 5.00%, due 10/1/37 | 500,000 | 501,750 |
| Wolf Creek Infrastructure Financing District No. 1, Assessment Area No. 1, Special Assessment | ||
| 5.75%, due 12/1/44 | 1,987,210 | 2,048,967 |
| 20,361,873 | ||
| General Obligation 6.1% | ||
| Black Ridge Infrastructure Financing District, Assessment Area, Special Assessment | ||
| 5.50%, due 12/1/40 | 1,000,000 | 1,004,634 |
| Commonwealth of Puerto Rico | ||
| (zero coupon), due 11/1/43 | 1,967,143 | 1,404,048 |
| (zero coupon), due 11/1/51 | 1,074,219 | 785,522 |
| Commonwealth of Puerto Rico, Unlimited General Obligation | ||
| Series A-1 | ||
| 5.625%, due 7/1/27 | 748,002 | 762,942 |
| County of Pennington, Limited General Obligation | ||
| Series A | ||
| 5.00%, due 12/1/46 | 1,000,000 | 1,034,314 |
| Emery County School District, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 2.00%, due 6/15/35 | 1,550,000 | 1,249,927 |
| Logan City School District, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 4.00%, due 6/15/30 | 1,385,000 | 1,385,559 |
| Metropolitan Government of Nashville & Davidson County, Unlimited General Obligation | ||
| 2.50%, due 1/1/29 | 1,000,000 | 981,354 |
| Mida Golf and Equestrian Center Public Infrastructure District, Limited General Obligation | ||
| 4.25%, due 6/1/41 (b) | 2,205,000 | 1,919,630 |
| Salt Lake City School District, Unlimited General Obligation | ||
| Insured: School Bond Guaranty | ||
| 3.00%, due 3/1/39 | 1,575,000 | 1,396,288 |
| 11,924,218 | ||
| Hospital 3.4% | ||
| County of Utah, IHC Health Services, Inc., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 5/15/43 | 1,690,000 | 1,744,329 |
| Shelby County Health Educational & Housing Facilities Board, Methodist Le Bonheur Healthcare, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.00%, due 6/1/35 | 1,000,000 | 1,078,147 |
| South Dakota Health & Educational Facilities Authority, Avera Health Issue, Revenue Bonds | ||
| 4.00%, due 7/1/42 | 1,290,000 | 1,202,568 |
| South Dakota Health & Educational Facilities Authority, Sanford Obligated Group, Revenue Bonds | ||
| Series C-2 | ||
| 5.00%, due 11/1/51 (d) | 1,000,000 | 1,072,182 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Hospital | ||
| Tarrant County Cultural Education Facilities Finance Corp., Ascension Senior Credit Group, Revenue Bonds | ||
| Series C-1 | ||
| 5.00%, due 11/15/51 (d) | $ 1,000,000 | $ 1,079,987 |
| Washington Health Care Facilities Authority, Overlake Hospital Medical Center, Revenue Bonds | ||
| Series A | ||
| 4.00%, due 7/1/42 | 500,000 | 451,784 |
| 6,628,997 | ||
| Housing 3.3% | ||
| University of Utah (The), Revenue Bonds | ||
| Series B | ||
| 5.25%, due 8/1/48 | 1,060,000 | 1,115,730 |
| Utah Board of Higher Education, Dixie State University, Revenue Bonds | ||
| Insured: BAM | ||
| 3.00%, due 6/1/36 | 1,375,000 | 1,269,446 |
| Insured: AG | ||
| 5.00%, due 6/1/30 | 1,800,000 | 1,802,573 |
| Washington State Housing Finance Commission, Revenue Bonds | ||
| Series 2 | ||
| 4.221%, due 3/1/50 (d) | 2,462,327 | 2,349,974 |
| 6,537,723 | ||
| Other Revenue 41.8% | ||
| Black Belt Energy Gas District, Gas Project, Revenue Bonds | ||
| Series G | ||
| 5.00%, due 6/1/31 | 1,500,000 | 1,566,224 |
| City of Herriman City, Revenue Bonds | ||
| Series B | ||
| 5.00%, due 8/1/33 | 1,515,000 | 1,517,525 |
| City of Houston, United Airlines, Inc., Revenue Bonds | ||
| Series B | ||
| 5.50%, due 7/15/38 (a) | 1,000,000 | 1,065,941 |
| City of Mapleton City, Revenue Bonds | ||
| 3.00%, due 6/15/36 | 1,255,000 | 1,119,301 |
| City of St. George, Electric, Revenue Bonds | ||
| Insured: AG | ||
| 5.00%, due 6/1/27 | 525,000 | 525,762 |
| City of West Valley City, Sales Tax, Revenue Bonds | ||
| (zero coupon), due 7/15/35 | 2,645,000 | 1,636,640 |
| Consolidated Municipalities Electric Power Systems Joint Powers Board, Electric Facilities Improvement Lease, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 6/1/31 | 1,000,000 | 1,007,017 |
| County of Tooele, Sales Tax, Revenue Bonds | ||
| 5.00%, due 9/1/41 | 750,000 | 786,332 |
| Downtown Revitalization Public Infrastructure District, Seg Redevelopment Project, Revenue Bonds | ||
| Series C | ||
| 5.00%, due 7/15/35 (b) | 800,000 | 800,698 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| Downtown Revitalization Public Infrastructure District, Seg Redevelopment Project, Revenue Bonds, First Lien | ||
| Series A, Insured: AG | ||
| 5.25%, due 6/1/45 | $ 1,255,000 | $ 1,346,731 |
| Downtown Revitalization Public Infrastructure District, Seg Redevelopment Project, Revenue Bonds, Second Lien | ||
| Series B, Insured: AG | ||
| 5.00%, due 6/1/31 | 1,375,000 | 1,483,284 |
| Series B, Insured: AG | ||
| 5.00%, due 6/1/34 | 1,000,000 | 1,104,449 |
| Series B, Insured: AG | ||
| 5.00%, due 6/1/38 | 500,000 | 539,949 |
| Series B, Insured: AG | ||
| 5.25%, due 6/1/42 | 1,000,000 | 1,084,340 |
| Series B, Insured: AG | ||
| 5.25%, due 6/1/43 | 1,000,000 | 1,080,157 |
| Duchesne County School District, Revenue Bonds | ||
| 4.00%, due 6/1/38 | 750,000 | 732,686 |
| GDB Debt Recovery Authority of Puerto Rico, Revenue Bonds | ||
| 7.50%, due 8/20/40 | 471,898 | 466,478 |
| King County Housing Authority, Revenue Bonds | ||
| 5.375%, due 7/1/45 | 1,000,000 | 1,045,270 |
| Lehi Local Building Authority, Revenue Bonds | ||
| 5.00%, due 6/15/30 | 500,000 | 535,452 |
| Miami-Dade County Housing Finance Authority, Rainbow Village Project, Revenue Bonds | ||
| Series A, Insured: HUD Sector 8 FNMA | ||
| 4.88%, due 3/1/46 | 750,000 | 744,534 |
| Military Installation Development Authority, Revenue Bonds | ||
| Series A-1 | ||
| 4.00%, due 6/1/41 | 1,000,000 | 936,928 |
| Montana Facility Finance Authority, St. John's United Project, Revenue Bonds | ||
| Series B-3 | ||
| 4.10%, due 11/15/31 | 1,000,000 | 1,000,372 |
| New Hampshire Business Finance Authority, Revenue Bonds | ||
| Series 2, Class A-1 | ||
| 4.22%, due 11/20/42 (d) | 1,782,279 | 1,691,408 |
| Ogden City Municipal Building Authority, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 1/15/43 | 1,000,000 | 1,029,731 |
| Point Phase 1 Public Infrastructure District No. 1, Revenue Bonds | ||
| Series A-1 | ||
| 5.875%, due 3/1/45 | 1,000,000 | 1,041,912 |
| South Dakota Housing Development Authority, Revenue Bonds | ||
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 11/1/55 | 950,000 | 1,045,344 |
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 11/1/56 | 1,985,000 | 2,167,894 |
| Tennergy Corp., Revenue Bonds | ||
| Series A | ||
| 4.00%, due 12/1/51 (d) | 2,000,000 | 2,014,852 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| Tennessee Energy Acquisition Corp., Revenue Bonds | ||
| Series A | ||
| 5.00%, due 12/1/35 | $ 1,800,000 | $ 1,870,478 |
| Series A-1 | ||
| 5.00%, due 5/1/53 (d) | 1,000,000 | 1,023,492 |
| Tennessee Energy Acquisition Corp., Commodity Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 5/1/52 (d) | 1,500,000 | 1,563,341 |
| Tennessee Energy Acquisition Corp., Gas Project, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 11/1/34 | 1,000,000 | 1,049,465 |
| Tennessee Housing Development Agency, Revenue Bonds | ||
| Series 2-B | ||
| 3.95%, due 1/1/38 | 1,300,000 | 1,232,273 |
| Texas Department of Housing & Community Affairs, Revenue Bonds | ||
| Series D-2, Insured: GNMA | ||
| 6.25%, due 1/1/56 | 985,000 | 1,086,940 |
| Texas Municipal Gas Acquisition & Supply Corp., Revenue Bonds | ||
| 5.00%, due 1/1/29 | 1,100,000 | 1,130,483 |
| Series A | ||
| 5.25%, due 3/1/37 | 1,500,000 | 1,578,545 |
| Texas Municipal Gas Acquisition & Supply Corp. IV, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 1/1/54 (d) | 1,200,000 | 1,259,388 |
| Texas Municipal Gas Acquisition & Supply Corp. V, Revenue Bonds | ||
| 5.00%, due 4/1/36 | 2,000,000 | 2,066,178 |
| 5.00%, due 1/1/55 (d) | 1,000,000 | 1,037,099 |
| Utah Associated Municipal Power Systems, Veyo Heat Recovery Project, Revenue Bonds | ||
| 5.00%, due 3/1/30 | 795,000 | 796,088 |
| 5.00%, due 3/1/32 | 905,000 | 906,190 |
| 5.00%, due 3/1/34 | 745,000 | 745,888 |
| Utah Housing Corp., Revenue Bonds | ||
| Series C, Insured: GNMA / FNMA / FHLMC | ||
| 4.45%, due 1/1/44 | 2,000,000 | 1,966,758 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.00%, due 7/1/53 | 775,000 | 826,537 |
| Series G, Insured: GNMA / FNMA / FHLMC | ||
| 6.25%, due 7/1/55 | 3,215,000 | 3,538,141 |
| Series A, Insured: GNMA / FNMA / FHLMC | ||
| 6.50%, due 7/1/55 | 1,895,000 | 2,082,749 |
| Series E, Insured: GNMA / FNMA / FHLMC | ||
| 6.75%, due 7/1/55 | 1,515,000 | 1,710,868 |
| Utah Housing Corp., Collaborative 1881 Phase 1 LLC (The), Revenue Bonds | ||
| 2.65%, due 3/1/45 (d) | 1,500,000 | 1,476,177 |
| Utah Housing Corp., Daybreak Affordable Phase II Apartments, Revenue Bonds | ||
| 3.00%, due 1/1/45 (d) | 1,000,000 | 982,102 |
| Utah Housing Corp., Liberty Corner, Revenue Bonds | ||
| 3.00%, due 9/1/45 (d) | 2,500,000 | 2,471,550 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Other Revenue | ||
| Utah Housing Corp., Waymark at Folsom Trail, Revenue Bonds | ||
| Insured: FNMA | ||
| 5.00%, due 11/1/43 | $ 1,000,000 | $ 1,022,007 |
| Utah Infrastructure Agency, Revenue Bonds | ||
| 4.00%, due 10/15/30 | 1,000,000 | 995,095 |
| 4.00%, due 10/15/34 | 1,380,000 | 1,342,373 |
| 5.25%, due 10/15/36 | 535,000 | 568,953 |
| 5.50%, due 10/15/44 | 750,000 | 778,626 |
| 5.50%, due 10/15/48 | 750,000 | 761,811 |
| Utah Infrastructure Agency, Cedar Hills Project, Revenue Bonds | ||
| 4.00%, due 10/15/32 | 995,000 | 1,008,463 |
| 4.25%, due 10/15/42 | 1,125,000 | 1,093,637 |
| Utah Infrastructure Agency, Telecommunication, Revenue Bonds | ||
| 4.00%, due 10/15/36 | 1,000,000 | 950,625 |
| 4.00%, due 10/15/42 | 1,000,000 | 906,377 |
| Series A | ||
| 5.00%, due 10/15/34 | 1,600,000 | 1,591,496 |
| Utah Transit Authority, Revenue Bonds | ||
| (zero coupon), due 12/15/32 | 1,500,000 | 1,164,795 |
| 5.00%, due 12/15/42 | 2,000,000 | 2,160,050 |
| Series C, Insured: AG | ||
| 5.25%, due 6/15/32 | 195,000 | 214,418 |
| Washington State Housing Finance Commission, Revenue Bonds | ||
| Series 1, Class A-1 | ||
| 4.08%, due 11/20/41 (d) | 1,981,546 | 1,865,813 |
| West Jordan Municipal Building Authority, Revenue Bonds | ||
| 5.00%, due 10/1/34 | 1,000,000 | 1,003,100 |
| West Valley City Municipal Building Authority, Revenue Bonds | ||
| Insured: AG | ||
| 5.00%, due 2/1/34 | 1,000,000 | 1,009,173 |
| Wyoming Community Development Authority, Revenue Bonds | ||
| Series 1 | ||
| 3.00%, due 6/1/50 | 475,000 | 466,123 |
| 82,420,876 | ||
| Transportation 10.4% | ||
| Alaska Railroad Corp., Revenue Bonds (a) | ||
| Insured: AG | ||
| 5.50%, due 10/1/31 | 1,000,000 | 1,095,446 |
| Insured: AG | ||
| 5.50%, due 10/1/40 | 1,000,000 | 1,092,683 |
| City of Galveston, Wharves & Terminal, Revenue Bonds, First Lien (a) | ||
| Series A | ||
| 5.50%, due 8/1/42 | 1,200,000 | 1,271,465 |
| Series A | ||
| 5.50%, due 8/1/43 | 550,000 | 580,516 |
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Transportation | ||
| City of Houston, Airport System, Revenue Bonds | ||
| Series A | ||
| 5.50%, due 7/1/43 (a) | $ 1,740,000 | $ 1,889,868 |
| City of Salt Lake City, Airport, Revenue Bonds (a) | ||
| Series A | ||
| 5.00%, due 7/1/46 | 2,000,000 | 2,027,867 |
| Series A | ||
| 5.25%, due 7/1/38 | 1,500,000 | 1,606,615 |
| City of Salt Lake City, International Airport, Revenue Bonds | ||
| Series A | ||
| 5.25%, due 7/1/41 (a) | 2,000,000 | 2,137,267 |
| City of San Antonio, Airport System, Revenue Bonds | ||
| 5.25%, due 7/1/47 (a)(e) | 1,400,000 | 1,461,336 |
| Greater Orlando Aviation Authority, Revenue Bonds | ||
| 5.25%, due 10/1/45 (a) | 1,000,000 | 1,046,649 |
| Hillsborough County Aviation Authority, Tampa International Airport, Revenue Bonds | ||
| Series B | ||
| 5.25%, due 10/1/44 (a) | 2,000,000 | 2,107,827 |
| Jacksonville Aviation Authority, Revenue Bonds | ||
| 5.25%, due 10/1/45 (a) | 1,000,000 | 1,056,540 |
| Municipality of Anchorage, Revenue Bonds | ||
| Series A, Insured: AG | ||
| 5.25%, due 2/1/46 (a) | 1,000,000 | 1,045,758 |
| Port of Seattle, Revenue Bonds | ||
| Series B | ||
| 5.50%, due 8/1/47 (a) | 2,000,000 | 2,099,790 |
| 20,519,627 | ||
| Utilities 5.0% | ||
| Intermountain Power Agency, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/35 | 1,185,000 | 1,268,957 |
| Series A | ||
| 5.00%, due 7/1/37 | 1,000,000 | 1,070,508 |
| Series A | ||
| 5.00%, due 7/1/42 | 1,880,000 | 1,968,589 |
| Series A | ||
| 5.00%, due 7/1/43 | 1,740,000 | 1,828,026 |
| Series A | ||
| 5.25%, due 7/1/45 | 1,535,000 | 1,616,651 |
| Utah Municipal Power Agency, Power Supply System, Revenue Bonds | ||
| Series A | ||
| 5.00%, due 7/1/44 | 1,000,000 | 1,061,918 |
| Series A | ||
| 5.00%, due 7/1/45 | 1,000,000 | 1,055,724 |
| 9,870,373 | ||
| Principal Amount | Value | |
| Long-Term Municipal Bonds | ||
| Water & Sewer 4.5% | ||
| Central Valley Water Reclamation Facility, Sustainable Bond, Revenue Bonds | ||
| Series B, Insured: AG-CR | ||
| 3.00%, due 3/1/32 | $ 1,215,000 | $ 1,162,614 |
| Series B, Insured: AG-CR | ||
| 3.00%, due 3/1/33 | 1,025,000 | 976,862 |
| City of Fairview, Water & Sewer, Revenue Bonds | ||
| 4.00%, due 6/15/46 | 725,000 | 577,114 |
| City of Knoxville, Water System, Revenue Bonds | ||
| Series EE | ||
| 2.00%, due 3/1/29 | 800,000 | 768,294 |
| City of Park City, Water, Revenue Bonds | ||
| 2.125%, due 12/15/37 | 1,775,000 | 1,408,012 |
| City of Salt Lake City, Public Utilities, Revenue Bonds | ||
| 5.00%, due 2/1/44 | 1,000,000 | 1,068,495 |
| City of South Jordan, Water, Revenue Bonds | ||
| 5.00%, due 11/1/43 | 1,225,000 | 1,316,424 |
| Florida Governmental Utility Authority, Lehigh Utility System, Revenue Bonds | ||
| Insured: AG | ||
| 5.00%, due 10/1/31 | 500,000 | 500,803 |
| San Jacinto River Authority, Woodlands Waste Disposal System Project, Revenue Bonds | ||
| Insured: BAM | ||
| 5.00%, due 10/1/30 | 1,000,000 | 1,001,124 |
| 8,779,742 | ||
| Total Long-Term Municipal Bonds (Cost $195,083,965) | 195,958,892 | |
| Short-Term Municipal Notes 0.2% | ||
| Water & Sewer 0.2% | ||
| Utah Water Finance Agency, Revenue Bonds | ||
| Series B-2 | ||
| 2.20%, due 10/1/35 (f) | 400,000 | 400,000 |
| Total Short-Term Municipal Notes (Cost $400,000) | 400,000 | |
| Total Municipal Bonds (Cost $195,483,965) | 196,358,892 | |
| Shares | Value | ||
| Short-Term Investment 0.9% | |||
| Unaffiliated Investment Company 0.9% | |||
| BNY Dreyfus Government Cash Management - Institutional Shares, 3.552% (g) | 1,703,358 | $ 1,703,358 | |
| Total Short-Term Investment (Cost $1,703,358) | 1,703,358 | ||
| Total Investments (Cost $197,187,323) | 100.6% | 198,062,250 | |
| Other Assets, Less Liabilities | (0.6) | (1,113,072) | |
| Net Assets | 100.0% | $ 196,949,178 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| (a) | Interest on these securities is subject to alternative minimum tax. |
| (b) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (c) | Step coupon—Rate shown was the rate in effect as of July 31, 2026. |
| (d) | Coupon rate may change based on changes of the underlying collateral or prepayments of principal. Rate shown was the rate in effect as of July 31, 2026. |
| (e) | Delayed delivery security. |
| (f) | Variable-rate demand notes (VRDNs)—Provide the right to sell the security at face value on either that day or within the rate-reset period. VRDNs will normally trade as if the maturity is the earlier put date, even though stated maturity is longer. The interest rate is reset on the put date at a stipulated daily, weekly, monthly, quarterly, or other specified time interval to reflect current market conditions. These securities do not indicate a reference rate and spread in their description. The maturity date shown is the final maturity. |
| (g) | Current yield as of July 31, 2026. |
| Abbreviation(s): |
| AG—Assured Guaranty Ltd. |
| BAM—Build America Mutual Assurance Co. |
| CR—Custodial Receipts |
| FHLMC—Federal Home Loan Mortgage Corp. |
| FNMA—Federal National Mortgage Association |
| GNMA—Government National Mortgage Association |
| HUD—Housing and Urban Development |
| UT CSCE—Utah Charter School Credit Enhancement Program |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Municipal Bonds | |||||||
| Long-Term Municipal Bonds | $ — | $ 195,958,892 | $ — | $ 195,958,892 | |||
| Short-Term Municipal Notes | — | 400,000 | — | 400,000 | |||
| Total Municipal Bonds | — | 196,358,892 | — | 196,358,892 | |||
| Short-Term Investment | |||||||
| Unaffiliated Investment Company | 1,703,358 | — | — | 1,703,358 | |||
| Total Investments in Securities | $ 1,703,358 | $ 196,358,892 | $ — | $ 198,062,250 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Shares | Value | ||
| Affiliated Investment Companies 90.1% | |||
| Equity Funds 56.0% | |||
| NYLIM Candriam Emerging Markets Equity Fund Class R6 (a) | 1,270,606 | $ 20,401,223 | |
| NYLIM Candriam International Equity ETF (a) | 808,312 | 30,971,525 | |
| NYLIM Candriam U.S. Large Cap Equity ETF (a) | 685,264 | 42,025,254 | |
| NYLIM Candriam U.S. Mid Cap Equity ETF (a) | 1,110,733 | 43,536,068 | |
| NYLIM Epoch Capital Growth Fund Class I (a) | 172,099 | 2,873,040 | |
| NYLIM Epoch International Choice Fund Class I (a) | 503,800 | 28,299,530 | |
| NYLIM Epoch U.S. Equity Yield Fund Class R6 (a) | 692,834 | 18,223,746 | |
| NYLIM Fiera SMID Growth Fund Class R6 (a) | 421,258 | 7,604,126 | |
| NYLIM FTSE International Equity Currency Neutral ETF | 446,020 | 16,667,767 | |
| NYLIM PineStone International Equity Fund Class R6 | 97,604 | 1,828,771 | |
| NYLIM PineStone U.S. Equity Fund Class R6 (a) | 374,473 | 7,824,763 | |
| NYLIM S&P 500 Index Fund Class I (a) | 408,687 | 33,425,251 | |
| NYLIM U.S. Large Cap R&D Leaders ETF (a) | 1,471,869 | 66,208,789 | |
| NYLIM Winslow Large Cap Growth ETF (a) | 432,822 | 23,645,369 | |
| NYLIM WMC Enduring Capital Fund Class R6 (a) | 204,509 | 7,868,352 | |
| NYLIM WMC Growth Fund Class R6 (a) | 677,157 | 38,347,897 | |
| NYLIM WMC International Research Equity Fund Class I (a) | 1,928,409 | 22,642,222 | |
| NYLIM WMC Small Companies Fund Class I (a) | 543,337 | 20,569,770 | |
| NYLIM WMC Value Fund Class R6 (a) | 496,110 | 18,962,857 | |
| Total Equity Funds (Cost $304,698,606) | 451,926,320 | ||
| Fixed Income Funds 34.1% | |||
| NYLIM Floating Rate Fund Class R6 (a) | 4,800,617 | 40,891,654 | |
| NYLIM Investment Grade CLO ETF (a) | 162,223 | 4,077,475 | |
| NYLIM MacKay Core Plus Bond ETF (a) | 2,593,444 | 53,411,979 | |
| NYLIM MacKay High Income ETF (a) | 787,180 | 20,179,359 | |
| NYLIM MacKay High Yield Corporate Bond Fund Class R6 | 3,993,372 | 20,339,839 | |
| NYLIM MacKay Securitized Income ETF (a) | 1,659,434 | 41,406,197 | |
| NYLIM MacKay Total Return Bond Fund Class R6 (a) | 5,970,729 | 53,627,297 | |
| NYLIM MacKay U.S. Infrastructure Bond Fund Class R6 (a) | 5,543,501 | 41,641,115 | |
| Total Fixed Income Funds (Cost $280,444,691) | 275,574,915 | ||
| Total Affiliated Investment Companies (Cost $585,143,297) | 727,501,235 | ||
| Short-Term Investment 9.7% | |||
| Affiliated Investment Company 9.7% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (a)(b) | 78,410,135 | 78,410,135 | |
| Total Short-Term Investment (Cost $78,410,135) | 9.7% | 78,410,135 | |
| Total Investments (Cost $663,553,432) | 99.8% | 805,911,370 | |
| Other Assets, Less Liabilities | 0.2 | 1,735,914 | |
| Net Assets | 100.0% | $ 807,647,284 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| (a) | As of July 31, 2026, the Fund's ownership exceeds 5% of the outstanding shares of the Underlying Fund's share class. |
| (b) | Current yield as of July 31, 2026. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM Candriam Emerging Markets Debt Fund Class I | $ 16,088 | $ 194 | $ (16,263) | $ 756 | $ (775) | $ — | $ 195 | $ — | — |
| NYLIM Candriam Emerging Markets Equity Fund Class R6 | 20,419 | 1,161 | (4,453) | 1,366 | 1,908 | 20,401 | 255 | 826 | 1,271 |
| NYLIM Candriam International Equity ETF | 20,706 | 8,474 | (671) | 66 | 2,397 | 30,972 | 658 | — | 808 |
| NYLIM Candriam U.S. Large Cap Equity ETF | 40,059 | 9,768 | (13,080) | 4,699 | 579 | 42,025 | 294 | — | 685 |
| NYLIM Candriam U.S. Mid Cap Equity ETF | 23,543 | 18,890 | (3,822) | 209 | 4,716 | 43,536 | 293 | — | 1,111 |
| NYLIM Epoch Capital Growth Fund Class I | 2,815 | 219 | (161) | 10 | (10) | 2,873 | 12 | 207 | 172 |
| NYLIM Epoch International Choice Fund Class I | 23,143 | 1,931 | (1,239) | 146 | 4,319 | 28,300 | 477 | — | 504 |
| NYLIM Epoch U.S. Equity Yield Fund Class R6 | 34,536 | 2,055 | (21,260) | 7,364 | (4,471) | 18,224 | 400 | 1,656 | 693 |
| NYLIM Fiera SMID Growth Fund Class R6 | 23,704 | 1,265 | (17,098) | 1,621 | (1,888) | 7,604 | — | 587 | 421 |
| NYLIM Floating Rate Fund Class R6 | 39,612 | 5,121 | (2,815) | (184) | (842) | 40,892 | 2,070 | — | 4,801 |
| NYLIM FTSE International Equity Currency Neutral ETF | 16,218 | — | (2,098) | 926 | 1,622 | 16,668 | 504 | — | 446 |
| NYLIM Investment Grade CLO ETF | — | 4,083 | — | — | (6) | 4,077 | 25 | — | 162 |
| NYLIM MacKay Core Plus Bond ETF | 51,053 | 6,667 | (2,318) | (134) | (1,856) | 53,412 | 2,345 | — | 2,593 |
| NYLIM MacKay High Income ETF | 11,925 | 9,780 | (892) | (18) | (616) | 20,179 | 972 | 122 | 787 |
| NYLIM MacKay High Yield Corporate Bond Fund Class R6 | 11,904 | 10,000 | (1,133) | (17) | (414) | 20,340 | 866 | — | 3,993 |
| NYLIM MacKay Securitized Income ETF | 39,690 | 5,688 | (1,968) | (17) | (1,987) | 41,406 | 1,802 | 331 | 1,659 |
| NYLIM MacKay Total Return Bond Fund Class R6 | 51,187 | 7,316 | (3,084) | (408) | (1,384) | 53,627 | 1,936 | — | 5,971 |
| NYLIM MacKay U.S. Infrastructure Bond Fund Class R6 | 39,617 | 5,606 | (2,320) | (5) | (1,257) | 41,641 | 1,402 | — | 5,544 |
| NYLIM PineStone International Equity Fund Class R6 | 15,336 | 342 | (14,094) | 2,724 | (2,479) | 1,829 | 140 | 53 | 98 |
| NYLIM PineStone U.S. Equity Fund Class R6 | 36,880 | 459 | (29,372) | 5,022 | (5,164) | 7,825 | 187 | 273 | 374 |
| NYLIM S&P 500 Index Fund Class I | — | 32,289 | (2,106) | 154 | 3,088 | 33,425 | — | — | 409 |
| NYLIM U.S. Government Liquidity Fund | 85,189 | 139,450 | (146,229) | — | — | 78,410 | 2,144 | — | 78,410 |
| NYLIM U.S. Large Cap R&D Leaders ETF | — | 65,030 | (4,557) | (73) | 5,809 | 66,209 | 95 | — | 1,472 |
| NYLIM Winslow Large Cap Growth ETF | 43,703 | 5,679 | (24,006) | 1,872 | (3,603) | 23,645 | 1 | — | 433 |
| NYLIM WMC Enduring Capital Fund Class R6 | 31,223 | 1,293 | (24,883) | 2,999 | (2,764) | 7,868 | 204 | 1,088 | 205 |
| NYLIM WMC Growth Fund Class R6 | 44,192 | 8,442 | (11,458) | 1,085 | (3,913) | 38,348 | — | 1,416 | 677 |
| NYLIM WMC International Research Equity Fund Class I | 23,612 | 6,687 | (11,243) | 1,717 | 1,869 | 22,642 | 659 | — | 1,928 |
| NYLIM WMC Small Companies Fund Class I | 17,287 | 4,275 | (7,041) | 1,038 | 5,011 | 20,570 | 39 | — | 543 |
| NYLIM WMC Value Fund Class R6 | 32,579 | 2,260 | (18,293) | 2,995 | (578) | 18,963 | 495 | 1,764 | 496 |
| $796,220 | $364,424 | $(387,957) | $35,913 | $(2,689) | $805,911 | $18,470 | $8,323 |
| Swap Counterparty | Reference Obligation | Floating Rate2 | Termination Date(s) | Payment Frequency Paid/ Received | Notional Amount Long/ (Short) (000)3 | Unrealized Appreciation/ (Depreciation)4 |
| Citibank NA | iShares 20+ Year Treasury Bond ETF | 1 day FEDF plus 0.40% | 12/1/26 | Daily | 17,891 | $ — |
| Citibank NA | iShares MSCI Emerging Markets ETF | 1 day FEDF plus 0.55% | 12/1/26 | Daily | 4,209 | — |
| Citibank NA | iShares MSCI Emerging Markets ex China ETF | 1 day FEDF plus 0.40% | 12/1/26 | Daily | 3,611 | — |
| JPMorgan Chase Bank NA | Russell 2000 Total Return Index | 1 day FEDF plus 0.42% | 4/8/27 | Daily | 3,965 | — |
| Citibank NA | S&P 500 Energy Sector Total Return Index | 1 day FEDF plus 0.85% | 12/1/26 | Daily | 2,846 | — |
| Citibank NA | S&P 500 Financials Sector Total Return Index | 1 day FEDF plus 1.05% | 12/1/26 | Daily | 3,846 | — |
| Citibank NA | S&P 500 Total Return Index | 1 day FEDF plus 0.95% | 12/1/26 | Daily | 23,301 | — |
| Citibank NA | S&P Midcap 400 Total Return Index | 1 day FEDF plus 0.85% | 12/1/26 | Daily | 15,341 | — |
| $ — |
| 1. | As of July 31, 2026, cash in the amount of $3,423,431 was pledged to brokers for OTC swap contracts. |
| 2. | Fund receives on long positions or pays on short positions the floating rate total return of the reference entity. |
| 3. | Notional amounts reflected as a positive value indicate a long position held by the Fund or Index and a negative value indicates a short position. |
| 4. | Reflects the value at reset date as of July 31, 2026. |
| Abbreviation(s): |
| CLO—Collateralized Loan Obligation |
| ETF—Exchange-Traded Fund |
| FEDF—Federal Funds Rate |
| FTSE—Financial Times Stock Exchange |
| MSCI—Morgan Stanley Capital International |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Affiliated Investment Companies | |||||||
| Equity Funds | $ 451,926,320 | $ — | $ — | $ 451,926,320 | |||
| Fixed Income Funds | 275,574,915 | — | — | 275,574,915 | |||
| Total Affiliated Investment Companies | 727,501,235 | — | — | 727,501,235 | |||
| Short-Term Investment | |||||||
| Affiliated Investment Company | 78,410,135 | — | — | 78,410,135 | |||
| Total Investments in Securities | 805,911,370 | — | — | 805,911,370 | |||
| Other Financial Instruments | |||||||
| OTC Total Return Equity Swap Contracts (b) | — | — | — | — | |||
| Total Investments in Securities and Other Financial Instruments | $ 805,911,370 | $ — | $ — | $ 805,911,370 |
| (a) | For a complete listing of investments, see the Portfolio of Investments. |
| (b) | The value listed for these securities reflects unrealized appreciation (depreciation) as shown on the Portfolio of Investments. |
| Shares | Value | |
| Common Stocks 99.7% | ||
| Aerospace & Defense 3.3% | ||
| Axon Enterprise, Inc. (a) | 19,007 | $ 10,031,134 |
| GE Aerospace | 61,964 | 22,311,378 |
| 32,342,512 | ||
| Automobiles 1.3% | ||
| Tesla, Inc. (a) | 41,470 | 12,905,879 |
| Biotechnology 1.0% | ||
| Natera, Inc. (a) | 36,258 | 9,708,442 |
| Broadline Retail 1.8% | ||
| Amazon.com, Inc. (a) | 65,665 | 17,833,301 |
| Capital Markets 2.7% | ||
| Goldman Sachs Group, Inc. (The) | 1,822 | 1,855,488 |
| KKR & Co., Inc. | 64,577 | 6,550,045 |
| MSCI, Inc. | 19,511 | 11,164,975 |
| Nasdaq, Inc. | 77,209 | 7,272,316 |
| 26,842,824 | ||
| Communications Equipment 1.5% | ||
| Arista Networks, Inc. (a) | 81,480 | 14,694,918 |
| Consumer Staples Distribution & Retail 1.0% | ||
| Costco Wholesale Corp. | 10,371 | 9,872,051 |
| Diversified Telecommunication Services 0.3% | ||
| Space Exploration Technologies Corp., Class A (a)(b) | 28,378 | 3,075,324 |
| Electrical Equipment 3.0% | ||
| Eaton Corp. plc | 24,497 | 10,171,154 |
| GE Vernova, Inc. | 6,321 | 6,259,623 |
| Vertiv Holdings Co., Class A | 53,112 | 12,830,266 |
| 29,261,043 | ||
| Electronic Equipment, Instruments & Components 3.4% | ||
| Corning, Inc. | 76,171 | 10,530,641 |
| Flex Ltd. (a) | 93,900 | 10,681,125 |
| Jabil, Inc. | 38,714 | 12,196,845 |
| 33,408,611 | ||
| Entertainment 1.6% | ||
| Netflix, Inc. (a) | 32,552 | 2,334,304 |
| Spotify Technology SA (a) | 26,445 | 13,220,913 |
| 15,555,217 | ||
| Shares | Value | |
| Common Stocks | ||
| Financial Services 4.1% | ||
| Mastercard, Inc., Class A | 53,748 | $ 30,802,979 |
| Visa, Inc., Class A | 26,409 | 9,669,127 |
| 40,472,106 | ||
| Health Care Equipment & Supplies 2.3% | ||
| IDEXX Laboratories, Inc. (a) | 13,642 | 7,626,833 |
| Intuitive Surgical, Inc. (a) | 26,441 | 9,342,399 |
| Stryker Corp. | 15,782 | 5,140,197 |
| 22,109,429 | ||
| Health Care REITs 1.6% | ||
| Welltower, Inc. | 66,536 | 15,598,700 |
| Hotels, Restaurants & Leisure 2.7% | ||
| DoorDash, Inc., Class A (a) | 54,627 | 10,715,632 |
| Hilton Worldwide Holdings, Inc. | 23,787 | 7,623,496 |
| Starbucks Corp. | 80,479 | 8,470,415 |
| 26,809,543 | ||
| Interactive Media & Services 14.4% | ||
| Alphabet, Inc., Class C | 310,443 | 110,719,496 |
| Meta Platforms, Inc., Class A | 54,709 | 30,457,047 |
| 141,176,543 | ||
| IT Services 3.0% | ||
| Cloudflare, Inc., Class A (a) | 63,234 | 17,641,022 |
| Shopify, Inc., Class A (a) | 103,102 | 12,078,399 |
| 29,719,421 | ||
| Life Sciences Tools & Services 0.4% | ||
| Waters Corp. (a) | 10,573 | 3,989,299 |
| Machinery 0.9% | ||
| Caterpillar, Inc. | 5,471 | 4,457,825 |
| Cummins, Inc. | 6,085 | 3,859,107 |
| 8,316,932 | ||
| Pharmaceuticals 4.5% | ||
| Eli Lilly & Co. | 38,603 | 44,348,671 |
| Semiconductors & Semiconductor Equipment 24.2% | ||
| Advanced Micro Devices, Inc. (a) | 28,811 | 13,718,358 |
| Applied Materials, Inc. | 9,589 | 4,868,047 |
| Broadcom, Inc. | 131,089 | 51,030,326 |
| KLA Corp. | 68,523 | 12,527,375 |
| Micron Technology, Inc. | 25,364 | 20,875,333 |
| NVIDIA Corp. | 604,358 | 121,324,869 |
| Shares | Value | ||
| Common Stocks | |||
| Semiconductors & Semiconductor Equipment | |||
| Taiwan Semiconductor Manufacturing Co. Ltd., Sponsored ADR | 33,043 | $ 13,357,633 | |
| 237,701,941 | |||
| Software 9.9% | |||
| Cadence Design Systems, Inc. (a) | 43,071 | 14,645,001 | |
| Datadog, Inc., Class A (a) | 43,100 | 11,549,507 | |
| Microsoft Corp. | 98,684 | 45,860,429 | |
| Palantir Technologies, Inc., Class A (a) | 4,291 | 528,050 | |
| Palo Alto Networks, Inc. (a) | 42,309 | 14,039,395 | |
| Samsara, Inc., Class A (a) | 291,532 | 10,865,398 | |
| 97,487,780 | |||
| Specialty Retail 0.7% | |||
| Ross Stores, Inc. | 25,131 | 6,309,640 | |
| Technology Hardware, Storage & Peripherals 10.1% | |||
| Apple, Inc. | 172,022 | 53,139,316 | |
| Dell Technologies, Inc., Class C | 27,825 | 11,279,420 | |
| Sandisk Corp. (a) | 2,070 | 2,514,698 | |
| Seagate Technology Holdings plc | 16,536 | 14,156,966 | |
| Western Digital Corp. | 32,079 | 17,477,922 | |
| 98,568,322 | |||
| Total Common Stocks (Cost $592,041,370) | 978,108,449 | ||
| Short-Term Investment 0.4% | |||
| Affiliated Investment Company 0.4% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (c) | 3,517,701 | 3,517,701 | |
| Total Short-Term Investment (Cost $3,517,701) | 3,517,701 | ||
| Total Investments (Cost $595,559,071) | 100.1% | 981,626,150 | |
| Other Assets, Less Liabilities | (0.1) | (756,203) | |
| Net Assets | 100.0% | $ 980,869,947 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| (a) | Non-income producing security. |
| (b) | All or a portion of this security was held on loan. As of July 31, 2026, the aggregate market value of securities on loan was $3,075,215. The market value of the collateral held included non-cash collateral in the form of U.S. Treasury securities with a value of $3,249,702. |
| (c) | Current yield as of July 31, 2026. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ 13,442 | $ 125,626 | $ (135,550) | $ — | $ — | $ 3,518 | $ 178 | $ — | 3,518 |
| Abbreviation(s): |
| ADR—American Depositary Receipt |
| REIT—Real Estate Investment Trust |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Common Stocks | $ 978,108,449 | $ — | $ — | $ 978,108,449 | |||
| Short-Term Investment | |||||||
| Affiliated Investment Company | 3,517,701 | — | — | 3,517,701 | |||
| Total Investments in Securities | $ 981,626,150 | $ — | $ — | $ 981,626,150 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Shares | Value | |
| Common Stocks 97.1% | ||
| Australia 1.9% | ||
| ANZ Group Holdings Ltd. (Banks) | 53,145 | $ 1,390,445 |
| Challenger Ltd. (Financial Services) | 41,113 | 283,754 |
| Glencore plc (Metals & Mining) | 324,825 | 2,374,853 |
| National Australia Bank Ltd. (Banks) | 26,419 | 768,928 |
| Orora Ltd. (Containers & Packaging) | 128,612 | 132,374 |
| 4,950,354 | ||
| Austria 1.6% | ||
| BAWAG Group AG (Banks) (a) | 10,817 | 2,178,327 |
| Erste Group Bank AG (Banks) | 13,895 | 1,801,446 |
| 3,979,773 | ||
| Belgium 2.4% | ||
| Anheuser-Busch InBev SA/NV (Beverages) | 20,763 | 1,795,411 |
| KBC Group NV (Banks) | 20,812 | 2,999,773 |
| UCB SA (Pharmaceuticals) | 5,351 | 1,377,865 |
| 6,173,049 | ||
| Brazil 1.8% | ||
| Banco Santander Brasil SA (Banks) | 187,610 | 1,059,230 |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP (Water Utilities) | 247,996 | 1,355,156 |
| Inter & Co., Inc., Class A (Banks) | 65,342 | 365,915 |
| MercadoLibre, Inc. (Broadline Retail) (b) | 910 | 1,708,935 |
| Suzano SA (Paper & Forest Products) | 16,438 | 140,476 |
| 4,629,712 | ||
| Canada 1.9% | ||
| Barrick Mining Corp. (Metals & Mining) | 27,449 | 1,007,419 |
| Descartes Systems Group, Inc. (The) (Software) (b) | 4,138 | 310,767 |
| Faraday Copper Corp. (Metals & Mining) (b) | 13,769 | 53,923 |
| Hemlo Mining Corp. (Metals & Mining) (b) | 81,409 | 295,009 |
| iA Financial Corp., Inc. (Insurance) | 7,602 | 1,123,991 |
| LunR Royalties Corp. (Metals & Mining) (b) | 25,872 | 342,352 |
| Methanex Corp. (Chemicals) | 7,436 | 413,267 |
| Shopify, Inc., Class A (IT Services) (b) | 11,322 | 1,325,995 |
| 4,872,723 | ||
| Chile 0.9% | ||
| Antofagasta plc (Metals & Mining) | 23,445 | 1,161,031 |
| Lundin Mining Corp. (Metals & Mining) | 49,702 | 1,230,629 |
| 2,391,660 | ||
| China 5.4% | ||
| Alebund Pharmaceuticals Jiangsu Ltd. (Pharmaceuticals) (b) | 30,000 | 104,203 |
| Alibaba Group Holding Ltd. (Broadline Retail) | 169,716 | 2,592,324 |
| China Construction Bank Corp., Class H (Banks) | 634,594 | 745,593 |
| China Merchants Bank Co. Ltd., Class H (Banks) | 177,022 | 1,149,851 |
| ENN Energy Holdings Ltd. (Gas Utilities) | 162,559 | 973,178 |
| GenFleet Therapeutics Shanghai, Inc., Class H (Biotechnology) (b)(c) | 94,000 | 332,961 |
| Shares | Value | |
| Common Stocks | ||
| China | ||
| Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class H (Pharmaceuticals) | 60,800 | $ 443,186 |
| People's Insurance Co. Group of China Ltd. (The), Class H (Insurance) | 1,229,711 | 857,247 |
| Pony AI, Inc., ADR (Software) (b)(c) | 19,471 | 153,237 |
| Sany Heavy Industry Co. Ltd., Class H (Machinery) | 98,659 | 264,486 |
| Tencent Holdings Ltd. (Interactive Media & Services) | 80,344 | 4,872,244 |
| Weichai Power Co. Ltd., Class H (Machinery) | 166,929 | 704,171 |
| Yadea Group Holdings Ltd. (Automobiles) (a) | 206,936 | 283,155 |
| Zhongsheng Group Holdings Ltd. (Specialty Retail) | 271,619 | 156,949 |
| 13,632,785 | ||
| Denmark 0.8% | ||
| DSV A/S (Air Freight & Logistics) | 7,380 | 1,596,574 |
| Novo Nordisk A/S, Class B (Pharmaceuticals) | 9,130 | 430,183 |
| 2,026,757 | ||
| Finland 0.4% | ||
| Metso OYJ (Machinery) | 48,198 | 897,958 |
| Stora Enso OYJ, Class R (Paper & Forest Products) (c) | 19,348 | 221,921 |
| 1,119,879 | ||
| France 10.0% | ||
| Air Liquide SA (Chemicals) | 7,185 | 1,415,007 |
| Airbus SE (Aerospace & Defense) | 6,428 | 1,502,677 |
| Arkema SA (Chemicals) | 4,730 | 321,611 |
| Ayvens SA (Ground Transportation) (a) | 89,478 | 1,201,838 |
| Bureau Veritas SA (Professional Services) | 27,433 | 876,016 |
| Cie de Saint-Gobain SA (Building Products) | 10,638 | 999,744 |
| Engie SA (Multi-Utilities) | 78,767 | 2,463,145 |
| JCDecaux SE (Media) | 33,292 | 869,845 |
| Klepierre SA (Retail REITs) | 58,975 | 2,676,854 |
| Orange SA (Diversified Telecommunication Services) | 60,409 | 1,154,467 |
| Pernod Ricard SA (Beverages) | 7,904 | 620,930 |
| Renault SA (Automobiles) | 13,561 | 427,019 |
| Rexel SA (Trading Companies & Distributors) | 25,941 | 1,073,609 |
| Societe Generale SA (Banks) | 24,831 | 2,331,675 |
| Thales SA (Aerospace & Defense) | 3,283 | 931,935 |
| TotalEnergies SE (Oil, Gas & Consumable Fuels) | 57,203 | 5,080,835 |
| Valeo SE (Automobile Components) | 29,196 | 502,256 |
| Vinci SA (Construction & Engineering) | 6,865 | 971,955 |
| 25,421,418 | ||
| Germany 3.4% | ||
| Allianz SE (Registered) (Insurance) | 3,925 | 1,959,059 |
| Aumovio SE (Automobile Components) (b) | 12,225 | 562,157 |
| Brenntag SE (Trading Companies & Distributors) | 5,037 | 355,153 |
| E.ON SE (Multi-Utilities) | 106,407 | 2,297,771 |
| RENK Group AG (Machinery) (c) | 838 | 46,268 |
| Rheinmetall AG (Aerospace & Defense) | 533 | 701,121 |
| SAP SE (Software) | 1,843 | 334,607 |
| Shares | Value | |
| Common Stocks | ||
| Germany | ||
| Siemens AG (Registered) (Industrial Conglomerates) | 7,133 | $ 2,325,270 |
| 8,581,406 | ||
| Hong Kong 2.9% | ||
| AIA Group Ltd. (Insurance) | 241,119 | 2,441,776 |
| Hong Kong Exchanges & Clearing Ltd. (Capital Markets) | 17,063 | 889,388 |
| Hongkong Land Holdings Ltd. (Real Estate Management & Development) | 153,414 | 1,246,458 |
| Prudential plc (Insurance) | 129,998 | 1,952,087 |
| Sun Hung Kai Properties Ltd. (Real Estate Management & Development) | 53,689 | 844,696 |
| 7,374,405 | ||
| Hungary 1.1% | ||
| OTP Bank Nyrt. (Banks) | 18,062 | 2,671,605 |
| India 1.4% | ||
| HDFC Bank Ltd. (Banks) | 47,583 | 373,156 |
| HDFC Bank Ltd., ADR (Banks) | 46,884 | 1,121,934 |
| ICICI Bank Ltd., Sponsored ADR (Banks) | 15,186 | 455,428 |
| IDFC First Bank Ltd. (Banks) | 635,453 | 565,063 |
| Larsen & Toubro Ltd. (Construction & Engineering) | 2,956 | 122,355 |
| Mahindra & Mahindra Ltd. (Automobiles) | 13,826 | 493,481 |
| SBI Life Insurance Co. Ltd. (Insurance) (a) | 19,114 | 377,102 |
| 3,508,519 | ||
| Indonesia 0.4% | ||
| Bank Central Asia Tbk. PT (Banks) | 1,192,918 | 419,529 |
| United Tractors Tbk. PT (Oil, Gas & Consumable Fuels) | 349,686 | 465,357 |
| 884,886 | ||
| Ireland 0.1% | ||
| AIB Group plc (Banks) | 17,634 | 208,839 |
| Israel 0.2% | ||
| Phoenix Financial Ltd. (Insurance) | 1,759 | 99,079 |
| Wix.com Ltd. (IT Services) (b)(c) | 5,198 | 286,046 |
| 385,125 | ||
| Italy 2.4% | ||
| Coca-Cola HBC AG (Beverages) | 15,342 | 1,036,310 |
| FinecoBank Banca Fineco SpA (Banks) | 69,750 | 1,910,719 |
| UniCredit SpA (Banks) | 26,098 | 2,465,408 |
| Unipol Assicurazioni SpA (Insurance) | 19,501 | 610,118 |
| 6,022,555 | ||
| Japan 14.4% | ||
| Advantest Corp. (Semiconductors & Semiconductor Equipment) | 7,035 | 1,391,502 |
| Asics Corp. (Textiles, Apparel & Luxury Goods) | 58,692 | 1,732,511 |
| Capcom Co. Ltd. (Entertainment) (c) | 36,592 | 912,089 |
| Chubu Electric Power Co., Inc. (Electric Utilities) | 52,399 | 910,905 |
| Shares | Value | |
| Common Stocks | ||
| Japan | ||
| Chugai Pharmaceutical Co. Ltd. (Pharmaceuticals) | 18,714 | $ 812,356 |
| Daiichi Life Group, Inc. (Insurance) | 51,369 | 615,789 |
| Daiichi Sankyo Co. Ltd. (Pharmaceuticals) | 51,499 | 826,623 |
| FANUC Corp. (Machinery) | 16,803 | 671,482 |
| Fukuoka Financial Group, Inc. (Banks) | 14,952 | 688,115 |
| Hachijuni Bank Ltd. (The) (Banks) | 34,885 | 547,203 |
| Hitachi Construction Machinery Co. Ltd. (Machinery) | 14,549 | 487,798 |
| Hitachi Ltd. (Industrial Conglomerates) | 54,149 | 1,797,185 |
| Hokuhoku Financial Group, Inc. (Banks) | 9,151 | 424,658 |
| Honda Motor Co. Ltd. (Automobiles) | 49,622 | 501,649 |
| IHI Corp. (Machinery) | 12,855 | 226,136 |
| Isuzu Motors Ltd. (Automobiles) | 48,064 | 724,623 |
| Japan Tobacco, Inc. (Tobacco) | 14,189 | 632,265 |
| Kajima Corp. (Construction & Engineering) | 31,966 | 1,069,929 |
| Keiyo Bank Ltd. (The) (Banks) | 16,050 | 264,561 |
| Keyence Corp. (Electronic Equipment, Instruments & Components) (c) | 2,025 | 1,017,605 |
| Kioxia Holdings Corp. (Semiconductors & Semiconductor Equipment) (b) | 7,022 | 1,955,629 |
| Koito Manufacturing Co. Ltd. (Automobile Components) | 24,930 | 418,416 |
| Komatsu Ltd. (Machinery) | 19,106 | 842,482 |
| Kyoto Financial Group, Inc. (Banks) (c) | 20,810 | 578,099 |
| Kyushu Financial Group, Inc. (Banks) | 29,284 | 272,031 |
| M3, Inc. (Health Care Technology) (c) | 47,988 | 536,471 |
| Marubeni Corp. (Trading Companies & Distributors) (c) | 12,708 | 416,230 |
| MISUMI Group, Inc. (Machinery) | 44,849 | 1,082,385 |
| Mitsubishi Corp. (Trading Companies & Distributors) | 12,622 | 379,377 |
| Mitsubishi Electric Corp. (Electrical Equipment) | 7,319 | 266,788 |
| Mitsubishi Heavy Industries Ltd. (Machinery) | 22,955 | 537,603 |
| Mizuho Financial Group, Inc. (Banks) | 70,758 | 3,663,484 |
| NEC Corp. (IT Services) | 36,041 | 1,075,556 |
| Nippon Sanso Holdings Corp. (Chemicals) | 10,090 | 367,181 |
| Otsuka Holdings Co. Ltd. (Pharmaceuticals) (c) | 12,820 | 892,655 |
| Pan Pacific International Holdings Corp. (Broadline Retail) | 162,058 | 920,611 |
| Shimano, Inc. (Leisure Products) | 900 | 113,806 |
| Shin-Etsu Chemical Co. Ltd. (Chemicals) | 47,780 | 1,715,385 |
| Shionogi & Co. Ltd. (Pharmaceuticals) | 50,190 | 914,339 |
| SMC Corp. (Machinery) | 529 | 227,020 |
| SoftBank Group Corp. (Wireless Telecommunication Services) | 27,617 | 858,722 |
| Sumitomo Rubber Industries Ltd. (Automobile Components) (c) | 20,663 | 291,523 |
| Suzuki Motor Corp. (Automobiles) | 45,531 | 598,166 |
| Tokio Marine Holdings, Inc. (Insurance) | 21,668 | 1,105,953 |
| Toyoda Gosei Co. Ltd. (Automobile Components) | 10,473 | 362,077 |
| 36,646,973 | ||
| Mexico 0.7% | ||
| Grupo Financiero Banorte SAB de CV, Class O (Banks) | 144,661 | 1,675,343 |
| Netherlands 4.1% | ||
| Adyen NV (Financial Services) (a)(b) | 365 | 370,250 |
| Shares | Value | |
| Common Stocks | ||
| Netherlands | ||
| Arcadis NV (Professional Services) | 24,629 | $ 1,162,499 |
| Argenx SE (Biotechnology) (b) | 1,070 | 916,951 |
| Argenx SE, ADR (Biotechnology) (b) | 371 | 316,767 |
| ASML Holding NV (Semiconductors & Semiconductor Equipment) | 4,140 | 6,769,874 |
| IMCD NV (Trading Companies & Distributors) | 2,529 | 276,403 |
| NN Group NV (Insurance) | 6,351 | 597,381 |
| 10,410,125 | ||
| Nigeria 0.4% | ||
| Airtel Africa plc (Wireless Telecommunication Services) (a) | 210,751 | 947,091 |
| Norway 0.1% | ||
| Storebrand ASA (Insurance) | 12,890 | 274,026 |
| Poland 0.3% | ||
| KGHM Polska Miedz SA (Metals & Mining) | 10,614 | 874,154 |
| Portugal 0.2% | ||
| Jeronimo Martins SGPS SA (Consumer Staples Distribution & Retail) | 29,581 | 592,442 |
| Republic of Korea 6.7% | ||
| Coupang, Inc. (Broadline Retail) (b) | 70,778 | 1,157,220 |
| Hana Financial Group, Inc. (Banks) | 15,262 | 1,342,473 |
| Hanwha Aerospace Co. Ltd. (Aerospace & Defense) | 615 | 393,931 |
| KT Corp. (Diversified Telecommunication Services) | 25,192 | 917,543 |
| Samsung Electronics Co. Ltd. (Technology Hardware, Storage & Peripherals) | 38,039 | 6,850,733 |
| SK hynix, Inc. (Semiconductors & Semiconductor Equipment) | 5,268 | 5,787,802 |
| SK hynix, Inc., ADR (Semiconductors & Semiconductor Equipment) (b) | 4,209 | 604,960 |
| 17,054,662 | ||
| Russia 0.0% ‡ | ||
| LUKOIL PJSC, Sponsored ADR (Oil, Gas & Consumable Fuels) (b)(d) | 11,171 | — |
| Mobile TeleSystems PJSC (Wireless Telecommunication Services) (b)(d) | 80,528 | — |
| — | ||
| Singapore 1.9% | ||
| DBS Group Holdings Ltd. (Banks) | 38,239 | 2,204,673 |
| Grab Holdings Ltd., Class A (Ground Transportation) (b) | 337,007 | 1,179,524 |
| Singapore Telecommunications Ltd. (Diversified Telecommunication Services) | 416,967 | 1,443,464 |
| 4,827,661 | ||
| South Africa 1.1% | ||
| Anglo American plc (Metals & Mining) | 45,126 | 2,278,864 |
| Discovery Ltd. (Insurance) | 28,642 | 454,854 |
| 2,733,718 | ||
| Spain 1.1% | ||
| Industria de Diseno Textil SA (Specialty Retail) | 43,626 | 2,859,536 |
| Shares | Value | |
| Common Stocks | ||
| Sweden 0.3% | ||
| Sandvik AB (Machinery) | 18,714 | $ 701,525 |
| Switzerland 2.4% | ||
| Cie Financiere Richemont SA (Registered) (Textiles, Apparel & Luxury Goods) | 8,962 | 2,117,403 |
| Galderma Group AG (Pharmaceuticals) | 5,030 | 1,094,532 |
| UBS Group AG (Registered) (Capital Markets) | 52,680 | 2,777,425 |
| 5,989,360 | ||
| Taiwan 8.1% | ||
| ASPEED Technology, Inc. (Semiconductors & Semiconductor Equipment) | 5,057 | 2,219,208 |
| CTBC Financial Holding Co. Ltd. (Banks) | 603,203 | 1,212,937 |
| MediaTek, Inc. (Semiconductors & Semiconductor Equipment) | 15,633 | 1,673,127 |
| Taiwan Semiconductor Manufacturing Co. Ltd. (Semiconductors & Semiconductor Equipment) | 208,684 | 15,605,771 |
| 20,711,043 | ||
| Thailand 0.0% ‡ | ||
| PTT Global Chemical PCL (Chemicals) | 45,700 | 49,953 |
| United Arab Emirates 0.5% | ||
| Emirates NBD Bank PJSC (Banks) | 167,720 | 1,381,867 |
| United Kingdom 11.2% | ||
| Admiral Group plc (Insurance) | 24,831 | 1,261,996 |
| AstraZeneca plc (Pharmaceuticals) | 16,476 | 2,811,922 |
| British American Tobacco plc (Tobacco) | 60,525 | 3,674,524 |
| BT Group plc (Diversified Telecommunication Services) | 462,001 | 1,253,541 |
| Croda International plc (Chemicals) | 5,090 | 220,364 |
| GSK plc (Pharmaceuticals) | 73,177 | 1,894,754 |
| Hikma Pharmaceuticals plc (Pharmaceuticals) | 23,421 | 501,029 |
| Hiscox Ltd. (Insurance) | 32,422 | 790,908 |
| HSBC Holdings plc (Banks) | 66,155 | 1,419,289 |
| Imperial Brands plc (Tobacco) | 51,674 | 1,961,351 |
| Inchcape plc (Distributors) | 61,725 | 697,961 |
| Marks & Spencer Group plc (Consumer Staples Distribution & Retail) | 225,800 | 1,234,717 |
| Next plc (Broadline Retail) | 4,114 | 827,354 |
| Reckitt Benckiser Group plc (Household Products) | 18,376 | 1,297,112 |
| Rolls-Royce Holdings plc (Aerospace & Defense) | 75,399 | 1,497,166 |
| Shawbrook Group plc (Banks) (a)(b) | 134,446 | 593,918 |
| Smiths Group plc (Industrial Conglomerates) | 23,483 | 837,755 |
| SSE plc (Electric Utilities) | 33,889 | 1,067,509 |
| Standard Chartered plc (Banks) | 55,813 | 1,649,753 |
| Tesco plc (Consumer Staples Distribution & Retail) | 400,404 | 2,637,225 |
| Wise Group plc, Class A (Financial Services) (b) | 34,343 | 411,936 |
| 28,542,084 | ||
| United States 4.3% | ||
| CyberArk Software Ltd. (Software) | 1,785 | 80,325 |
| Shares | Value | ||
| Common Stocks | |||
| United States | |||
| Experian plc (Professional Services) | 8,662 | $ 328,491 | |
| Novartis AG (Registered) (Pharmaceuticals) | 9,077 | 1,416,992 | |
| QIAGEN NV (Life Sciences Tools & Services) | 21,979 | 905,863 | |
| Roche Holding AG (Pharmaceuticals) | 2,334 | 1,020,499 | |
| Shell plc (Oil, Gas & Consumable Fuels) | 122,684 | 5,630,350 | |
| Spotify Technology SA (Entertainment) (b) | 3,097 | 1,548,314 | |
| 10,930,834 | |||
| Zambia 0.3% | |||
| First Quantum Minerals Ltd. (Metals & Mining) (b) | 29,674 | 822,578 | |
| Total Common Stocks (Cost $216,407,813) | 246,860,425 | ||
| Exchange-Traded Fund 1.9% | |||
| United States 1.9% | |||
| iShares MSCI ACWI ex U.S. ETF (c) | 64,896 | 4,883,424 | |
| Total Exchange-Traded Fund (Cost $4,875,796) | 4,883,424 | ||
| Short-Term Investments 1.9% | |||
| Affiliated Investment Company 0.5% | |||
| United States 0.5% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (e) | 1,249,421 | 1,249,421 | |
| Unaffiliated Investment Company 1.4% | |||
| United States 1.4% | |||
| Invesco Government & Agency Portfolio, 3.742% (e)(f) | 3,433,911 | 3,433,911 | |
| Total Short-Term Investments (Cost $4,683,332) | 4,683,332 | ||
| Total Investments (Cost $225,966,941) | 100.9% | 256,427,181 | |
| Other Assets, Less Liabilities | (0.9) | (2,178,344) | |
| Net Assets | 100.0% | $ 254,248,837 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry and country classifications may be different than those used for compliance monitoring purposes. |
| ‡ | Less than one-tenth of a percent. |
| (a) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (b) | Non-income producing security. |
| (c) | All or a portion of this security was held on loan. As of July 31, 2026, the aggregate market value of securities on loan was $4,053,155; the total market value of collateral held by the Fund was $4,252,076. The market value of the collateral held included non-cash collateral in the form of U.S. Treasury securities with a value of $818,165. The Fund received cash collateral with a value of $3,433,911. |
| (d) | Security in which significant unobservable inputs (Level 3) were used in determining fair value. |
| (e) | Current yield as of July 31, 2026. |
| (f) | Represents a security purchased with cash collateral received for securities on loan. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ 6,904 | $ 51,518 | $ (57,173) | $ — | $ — | $ 1,249 | $ 26 | $ — | 1,249 |
| Abbreviation(s): |
| ACWI—All Country World Index |
| ADR—American Depositary Receipt |
| ETF—Exchange-Traded Fund |
| MSCI—Morgan Stanley Capital International |
| PCL—Provision for Credit Losses |
| REIT—Real Estate Investment Trust |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Common Stocks | |||||||
| Australia | $ — | $ 4,950,354 | $ — | $ 4,950,354 | |||
| Austria | — | 3,979,773 | — | 3,979,773 | |||
| Belgium | — | 6,173,049 | — | 6,173,049 | |||
| Chile | 1,230,629 | 1,161,031 | — | 2,391,660 | |||
| China | 153,237 | 13,479,548 | — | 13,632,785 | |||
| Denmark | — | 2,026,757 | — | 2,026,757 | |||
| Finland | — | 1,119,879 | — | 1,119,879 | |||
| France | — | 25,421,418 | — | 25,421,418 | |||
| Germany | — | 8,581,406 | — | 8,581,406 | |||
| Hong Kong | — | 7,374,405 | — | 7,374,405 | |||
| Hungary | — | 2,671,605 | — | 2,671,605 | |||
| India | 1,577,362 | 1,931,157 | — | 3,508,519 | |||
| Indonesia | — | 884,886 | — | 884,886 | |||
| Ireland | — | 208,839 | — | 208,839 | |||
| Israel | 286,046 | 99,079 | — | 385,125 | |||
| Italy | — | 6,022,555 | — | 6,022,555 | |||
| Japan | — | 36,646,973 | — | 36,646,973 | |||
| Netherlands | 316,767 | 10,093,358 | — | 10,410,125 | |||
| Nigeria | — | 947,091 | — | 947,091 | |||
| Norway | — | 274,026 | — | 274,026 | |||
| Poland | — | 874,154 | — | 874,154 | |||
| Portugal | — | 592,442 | — | 592,442 | |||
| Republic of Korea | 1,762,180 | 15,292,482 | — | 17,054,662 | |||
| Singapore | 1,179,524 | 3,648,137 | — | 4,827,661 | |||
| South Africa | — | 2,733,718 | — | 2,733,718 | |||
| Spain | — | 2,859,536 | — | 2,859,536 | |||
| Sweden | — | 701,525 | — | 701,525 | |||
| Switzerland | — | 5,989,360 | — | 5,989,360 | |||
| Taiwan | — | 20,711,043 | — | 20,711,043 | |||
| Thailand | — | 49,953 | — | 49,953 | |||
| United Arab Emirates | — | 1,381,867 | — | 1,381,867 | |||
| United Kingdom | — | 28,542,084 | — | 28,542,084 | |||
| United States | 1,548,314 | 9,382,520 | — | 10,930,834 | |||
| All Other Countries | 12,000,356 | — | — | 12,000,356 | |||
| Total Common Stocks | 20,054,415 | 226,806,010 | — | 246,860,425 | |||
| Exchange-Traded Fund | 4,883,424 | — | — | 4,883,424 | |||
| Short-Term Investments | |||||||
| Affiliated Investment Company | 1,249,421 | — | — | 1,249,421 | |||
| Unaffiliated Investment Company | 3,433,911 | — | — | 3,433,911 | |||
| Total Short-Term Investments | 4,683,332 | — | — | 4,683,332 | |||
| Total Investments in Securities | $ 29,621,171 | $ 226,806,010 | $ — | $ 256,427,181 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Shares | Value | |
| Common Stocks 98.9% | ||
| Aerospace & Defense 2.3% | ||
| Axon Enterprise, Inc. (a) | 2,647 | $ 1,396,981 |
| Boeing Co. (The) (a) | 25,887 | 5,595,216 |
| GE Aerospace | 34,263 | 12,337,078 |
| General Dynamics Corp. | 8,335 | 3,195,806 |
| Honeywell Aerospace, Inc. (a) | 10,404 | 2,150,923 |
| Howmet Aerospace, Inc. | 13,139 | 3,708,614 |
| Huntington Ingalls Industries, Inc. | 1,294 | 422,426 |
| L3Harris Technologies, Inc. | 6,118 | 1,695,053 |
| Lockheed Martin Corp. | 6,663 | 3,882,797 |
| Northrop Grumman Corp. | 4,384 | 2,378,232 |
| RTX Corp. | 44,224 | 9,517,889 |
| Textron, Inc. | 5,710 | 486,835 |
| TransDigm Group, Inc. | 1,837 | 2,304,296 |
| 49,072,146 | ||
| Air Freight & Logistics 0.3% | ||
| CH Robinson Worldwide, Inc. | 3,871 | 571,863 |
| Expeditors International of Washington, Inc. | 4,295 | 721,087 |
| FedEx Corp. | 7,209 | 2,216,047 |
| United Parcel Service, Inc., Class B | 24,517 | 2,555,162 |
| 6,064,159 | ||
| Automobile Components 0.0% ‡ | ||
| Aptiv plc (a) | 6,950 | 392,467 |
| Automobiles 1.6% | ||
| Ford Motor Co. | 128,528 | 1,886,791 |
| General Motors Co. | 29,610 | 2,631,145 |
| Tesla, Inc. (a) | 92,453 | 28,772,298 |
| 33,290,234 | ||
| Banks 3.5% | ||
| Bank of America Corp. | 214,404 | 13,282,328 |
| Citigroup, Inc. | 56,010 | 7,418,524 |
| Citizens Financial Group, Inc. | 13,887 | 995,003 |
| Fifth Third Bancorp | 29,763 | 1,681,609 |
| Huntington Bancshares, Inc. | 66,570 | 1,134,353 |
| JPMorgan Chase & Co. | 87,994 | 30,955,409 |
| KeyCorp | 30,265 | 683,686 |
| M&T Bank Corp. | 4,809 | 1,184,409 |
| PNC Financial Services Group, Inc. (The) | 13,187 | 3,295,036 |
| Regions Financial Corp. | 28,025 | 867,374 |
| Truist Financial Corp. | 40,914 | 2,120,982 |
| U.S. Bancorp | 50,977 | 3,212,061 |
| Wells Fargo & Co. | 100,495 | 8,687,793 |
| 75,518,567 | ||
| Shares | Value | |
| Common Stocks | ||
| Beverages 1.0% | ||
| Brown-Forman Corp., Class B | 5,529 | $ 158,848 |
| Coca-Cola Co. (The) | 127,162 | 11,138,120 |
| Constellation Brands, Inc., Class A | 4,580 | 596,453 |
| Keurig Dr Pepper, Inc. | 44,680 | 1,390,442 |
| Molson Coors Beverage Co., Class B | 5,268 | 218,938 |
| Monster Beverage Corp. (a) | 23,446 | 2,259,725 |
| PepsiCo, Inc. | 44,884 | 6,264,011 |
| 22,026,537 | ||
| Biotechnology 1.7% | ||
| AbbVie, Inc. | 58,021 | 14,559,790 |
| Amgen, Inc. | 17,724 | 6,826,576 |
| Biogen, Inc. (a) | 4,848 | 983,902 |
| Gilead Sciences, Inc. | 40,773 | 5,309,052 |
| Incyte Corp. (a) | 5,511 | 658,675 |
| Moderna, Inc. (a) | 11,597 | 635,747 |
| Regeneron Pharmaceuticals, Inc. | 3,281 | 2,502,189 |
| Vertex Pharmaceuticals, Inc. (a) | 8,335 | 3,976,628 |
| 35,452,559 | ||
| Broadline Retail 4.2% | ||
| Amazon.com, Inc. (a) | 321,465 | 87,303,465 |
| eBay, Inc. | 14,581 | 1,662,380 |
| 88,965,845 | ||
| Building Products 0.5% | ||
| A O Smith Corp. (b) | 3,677 | 221,098 |
| Allegion plc | 2,822 | 444,183 |
| Builders FirstSource, Inc. (a) | 3,532 | 234,666 |
| Carrier Global Corp. | 25,639 | 1,584,747 |
| Johnson Controls International plc | 20,036 | 2,938,480 |
| Lennox International, Inc. | 1,040 | 432,515 |
| Masco Corp. | 6,625 | 473,555 |
| Trane Technologies plc | 7,259 | 3,302,482 |
| 9,631,726 | ||
| Capital Markets 3.1% | ||
| Ameriprise Financial, Inc. | 2,952 | 1,611,320 |
| Ares Management Corp. | 6,927 | 887,279 |
| Bank of New York Mellon Corp. (The) | 22,540 | 3,523,678 |
| BlackRock, Inc. | 4,741 | 5,169,539 |
| Blackstone, Inc. | 24,396 | 3,116,589 |
| Cboe Global Markets, Inc. | 3,437 | 1,066,260 |
| Charles Schwab Corp. (The) | 53,686 | 5,649,915 |
| CME Group, Inc. | 11,900 | 3,186,701 |
| Coinbase Global, Inc., Class A (a) | 7,304 | 1,068,283 |
| FactSet Research Systems, Inc. | 1,196 | 314,787 |
| Franklin Resources, Inc. | 10,068 | 340,902 |
| Goldman Sachs Group, Inc. (The) | 9,688 | 9,866,065 |
| Shares | Value | |
| Common Stocks | ||
| Capital Markets | ||
| Interactive Brokers Group, Inc., Class A | 14,629 | $ 1,287,206 |
| Intercontinental Exchange, Inc. | 18,571 | 2,831,706 |
| Invesco Ltd. | 14,558 | 430,917 |
| KKR & Co., Inc. | 22,704 | 2,302,867 |
| Moody's Corp. | 4,934 | 2,360,327 |
| Morgan Stanley | 39,366 | 8,283,394 |
| MSCI, Inc. | 2,391 | 1,368,226 |
| Nasdaq, Inc. | 14,672 | 1,381,956 |
| Northern Trust Corp. | 6,077 | 1,107,169 |
| Raymond James Financial, Inc. | 5,696 | 1,002,382 |
| Robinhood Markets, Inc., Class A (a) | 25,982 | 2,249,002 |
| S&P Global, Inc. | 9,957 | 4,101,587 |
| State Street Corp. | 9,089 | 1,673,830 |
| T. Rowe Price Group, Inc. | 7,036 | 786,273 |
| 66,968,160 | ||
| Chemicals 0.9% | ||
| Air Products and Chemicals, Inc. | 7,313 | 2,156,531 |
| Albemarle Corp. | 3,873 | 455,620 |
| CF Industries Holdings, Inc. | 5,045 | 631,584 |
| Corteva, Inc. | 21,964 | 1,728,786 |
| Dow, Inc. | 23,669 | 716,934 |
| Ecolab, Inc. | 8,318 | 2,309,326 |
| International Flavors & Fragrances, Inc. | 8,384 | 664,180 |
| Linde plc | 15,183 | 7,263,244 |
| LyondellBasell Industries NV, Class A | 8,480 | 526,438 |
| Mosaic Co. (The) | 10,438 | 230,889 |
| PPG Industries, Inc. | 7,320 | 809,006 |
| Sherwin-Williams Co. (The) | 7,532 | 2,567,282 |
| 20,059,820 | ||
| Commercial Services & Supplies 0.4% | ||
| Cintas Corp. | 11,168 | 2,285,308 |
| Copart, Inc. (a) | 29,104 | 847,508 |
| Republic Services, Inc. | 6,567 | 1,382,682 |
| Rollins, Inc. | 9,645 | 366,221 |
| Veralto Corp. | 8,065 | 759,481 |
| Waste Management, Inc. | 12,133 | 2,748,731 |
| 8,389,931 | ||
| Communications Equipment 1.3% | ||
| Arista Networks, Inc. (a) | 33,908 | 6,115,308 |
| Ciena Corp. (a) | 4,643 | 1,750,643 |
| Cisco Systems, Inc. | 129,712 | 15,045,295 |
| F5, Inc. (a) | 1,853 | 745,962 |
| Lumentum Holdings, Inc. (a) | 2,555 | 1,824,117 |
| Motorola Solutions, Inc. | 5,451 | 2,375,273 |
| 27,856,598 | ||
| Shares | Value | |
| Common Stocks | ||
| Construction & Engineering 0.3% | ||
| Comfort Systems USA, Inc. | 1,154 | $ 1,996,062 |
| EMCOR Group, Inc. | 1,459 | 1,163,451 |
| Quanta Services, Inc. | 4,928 | 3,288,750 |
| 6,448,263 | ||
| Construction Materials 0.2% | ||
| CRH plc | 21,943 | 2,084,804 |
| Martin Marietta Materials, Inc. | 1,972 | 1,035,576 |
| Vulcan Materials Co. | 4,261 | 1,144,377 |
| 4,264,757 | ||
| Consumer Finance 0.5% | ||
| American Express Co. | 17,478 | 5,876,978 |
| Capital One Financial Corp. | 20,436 | 4,271,328 |
| Synchrony Financial | 11,046 | 837,176 |
| 10,985,482 | ||
| Consumer Staples Distribution & Retail 1.7% | ||
| Casey's General Stores, Inc. | 1,214 | 1,057,394 |
| Costco Wholesale Corp. | 14,569 | 13,868,085 |
| Dollar General Corp. | 7,232 | 918,826 |
| Dollar Tree, Inc. (a) | 5,947 | 756,518 |
| Kroger Co. (The) | 18,628 | 1,075,581 |
| Sysco Corp. | 15,703 | 1,338,524 |
| Target Corp. | 14,915 | 2,155,068 |
| Walmart, Inc. | 143,970 | 16,009,464 |
| 37,179,460 | ||
| Containers & Packaging 0.2% | ||
| Amcor plc | 15,183 | 681,413 |
| Avery Dennison Corp. | 2,512 | 426,362 |
| Ball Corp. | 8,743 | 567,420 |
| International Paper Co. | 17,389 | 709,993 |
| Packaging Corp. of America | 2,908 | 714,903 |
| Smurfit WestRock plc | 17,223 | 791,741 |
| 3,891,832 | ||
| Distributors 0.0% ‡ | ||
| Genuine Parts Co. | 4,520 | 562,152 |
| Diversified Telecommunication Services 0.7% | ||
| AT&T, Inc. | 228,180 | 5,305,185 |
| Comcast Corp., Class A | 117,000 | 2,803,320 |
| Verizon Communications, Inc. | 137,123 | 6,418,728 |
| 14,527,233 | ||
| Electric Utilities 1.4% | ||
| Alliant Energy Corp. | 8,482 | 600,356 |
| American Electric Power Co., Inc. | 17,868 | 2,284,424 |
| Shares | Value | |
| Common Stocks | ||
| Electric Utilities | ||
| Constellation Energy Corp. | 10,498 | $ 2,758,349 |
| Duke Energy Corp. | 25,602 | 3,211,259 |
| Edison International | 12,636 | 927,103 |
| Entergy Corp. | 15,037 | 1,618,282 |
| Evergy, Inc. | 7,570 | 628,386 |
| Eversource Energy | 12,350 | 884,136 |
| Exelon Corp. | 33,602 | 1,539,644 |
| FirstEnergy Corp. | 17,096 | 825,908 |
| NextEra Energy, Inc. | 68,481 | 5,952,369 |
| NRG Energy, Inc. | 6,929 | 930,495 |
| PG&E Corp. | 72,320 | 1,256,922 |
| Pinnacle West Capital Corp. | 3,980 | 401,940 |
| PPL Corp. | 24,707 | 869,933 |
| Southern Co. (The) | 37,020 | 3,499,871 |
| Xcel Energy, Inc. | 20,501 | 1,603,178 |
| 29,792,555 | ||
| Electrical Equipment 1.2% | ||
| AMETEK, Inc. | 7,527 | 1,819,351 |
| Eaton Corp. plc | 12,752 | 5,294,631 |
| Emerson Electric Co. | 18,393 | 2,755,639 |
| GE Vernova, Inc. | 8,825 | 8,739,309 |
| Generac Holdings, Inc. (a) | 1,933 | 381,014 |
| Hubbell, Inc. | 1,735 | 819,874 |
| Rockwell Automation, Inc. | 3,654 | 1,754,212 |
| Vertiv Holdings Co., Class A | 12,614 | 3,047,164 |
| 24,611,194 | ||
| Electronic Equipment, Instruments & Components 0.9% | ||
| Amphenol Corp., Class A | 40,400 | 6,492,280 |
| CDW Corp. | 4,195 | 620,063 |
| Coherent Corp. (a) | 6,425 | 1,689,068 |
| Corning, Inc. | 25,719 | 3,555,652 |
| Flex Ltd. (a) | 12,071 | 1,373,076 |
| Jabil, Inc. | 3,465 | 1,091,648 |
| Keysight Technologies, Inc. (a) | 5,632 | 1,797,059 |
| TE Connectivity plc | 9,586 | 1,971,744 |
| Teledyne Technologies, Inc. (a) | 1,521 | 997,122 |
| Zebra Technologies Corp., Class A (a) | 1,564 | 459,535 |
| 20,047,247 | ||
| Energy Equipment & Services 0.2% | ||
| Baker Hughes Co. | 32,579 | 1,970,704 |
| Halliburton Co. | 27,434 | 884,746 |
| SLB Ltd. | 49,097 | 2,434,720 |
| 5,290,170 | ||
| Entertainment 1.0% | ||
| Electronic Arts, Inc. | 7,396 | 1,552,124 |
| Shares | Value | |
| Common Stocks | ||
| Entertainment | ||
| Live Nation Entertainment, Inc. (a) | 5,197 | $ 904,953 |
| Netflix, Inc. (a) | 138,280 | 9,916,059 |
| Take-Two Interactive Software, Inc. (a) | 5,716 | 1,388,531 |
| TKO Group Holdings, Inc. | 2,068 | 375,983 |
| Walt Disney Co. (The) | 57,026 | 5,485,331 |
| Warner Bros Discovery, Inc. (a) | 81,389 | 2,140,531 |
| 21,763,512 | ||
| Financial Services 3.5% | ||
| Apollo Global Management, Inc. | 15,146 | 1,902,186 |
| Berkshire Hathaway, Inc., Class B (a) | 60,205 | 30,797,266 |
| Block, Inc. (a) | 17,576 | 1,427,874 |
| Corpay, Inc. (a) | 2,146 | 820,008 |
| Fidelity National Information Services, Inc. | 16,974 | 759,926 |
| Fiserv, Inc. (a) | 17,512 | 944,597 |
| Global Payments, Inc. | 7,636 | 642,035 |
| Jack Henry & Associates, Inc. | 2,333 | 359,375 |
| Mastercard, Inc., Class A | 26,497 | 15,185,431 |
| PayPal Holdings, Inc. | 28,968 | 1,657,259 |
| Visa, Inc., Class A | 54,504 | 19,955,550 |
| 74,451,507 | ||
| Food Products 0.4% | ||
| Archer-Daniels-Midland Co. | 15,827 | 1,254,606 |
| Bunge Global SA | 4,460 | 473,786 |
| General Mills, Inc. | 17,526 | 626,555 |
| Hershey Co. (The) | 4,868 | 852,143 |
| Hormel Foods Corp. | 9,578 | 239,546 |
| J M Smucker Co. (The) | 3,502 | 417,649 |
| Kraft Heinz Co. (The) | 28,037 | 724,756 |
| McCormick & Co., Inc. (Non-Voting) | 8,341 | 424,557 |
| Mondelez International, Inc., Class A | 42,154 | 2,626,616 |
| Tyson Foods, Inc., Class A | 9,265 | 536,999 |
| 8,177,213 | ||
| Gas Utilities 0.0% ‡ | ||
| Atmos Energy Corp. | 5,482 | 947,180 |
| Ground Transportation 0.9% | ||
| CSX Corp. | 61,020 | 3,075,408 |
| Fedex Freight Holding Co., Inc. (a) | 3,570 | 501,692 |
| JB Hunt Transport Services, Inc. | 2,446 | 664,701 |
| Norfolk Southern Corp. | 7,376 | 2,474,500 |
| Old Dominion Freight Line, Inc. | 6,010 | 1,274,961 |
| Uber Technologies, Inc. (a) | 66,848 | 4,703,425 |
| Union Pacific Corp. | 19,497 | 5,695,659 |
| 18,390,346 | ||
| Shares | Value | |
| Common Stocks | ||
| Health Care Equipment & Supplies 1.4% | ||
| Abbott Laboratories | 57,200 | $ 6,046,040 |
| Align Technology, Inc. (a) | 2,187 | 369,953 |
| Baxter International, Inc. | 16,961 | 443,700 |
| Becton Dickinson & Co. | 9,049 | 1,498,695 |
| Boston Scientific Corp. (a) | 48,811 | 2,280,938 |
| Cooper Cos., Inc. (The) (a) | 6,407 | 463,354 |
| DexCom, Inc. (a) | 12,672 | 1,057,479 |
| Edwards Lifesciences Corp. (a) | 18,909 | 1,627,498 |
| GE HealthCare Technologies, Inc. | 14,938 | 1,016,083 |
| Hologic, Inc., CVR (a)(c) | 7,245 | — |
| IDEXX Laboratories, Inc. (a) | 2,590 | 1,447,991 |
| Insulet Corp. (a) | 2,275 | 376,171 |
| Intuitive Surgical, Inc. (a) | 11,631 | 4,109,581 |
| Medtronic plc | 42,162 | 3,600,213 |
| ResMed, Inc. | 4,764 | 1,005,109 |
| Solventum Corp. (a) | 4,834 | 413,017 |
| STERIS plc | 3,221 | 735,677 |
| Stryker Corp. | 11,330 | 3,690,181 |
| Zimmer Biomet Holdings, Inc. | 6,353 | 596,737 |
| 30,778,417 | ||
| Health Care Providers & Services 1.7% | ||
| Cardinal Health, Inc. | 7,691 | 1,769,161 |
| Cencora, Inc. | 6,389 | 1,989,151 |
| Centene Corp. (a) | 15,405 | 958,499 |
| Cigna Group (The) | 8,687 | 2,424,107 |
| CVS Health Corp. | 41,901 | 4,375,722 |
| DaVita, Inc. (a) | 1,054 | 253,055 |
| Elevance Health, Inc. | 7,131 | 2,680,115 |
| HCA Healthcare, Inc. | 5,100 | 2,053,209 |
| Henry Schein, Inc. (a) | 3,180 | 272,685 |
| Humana, Inc. | 3,943 | 1,434,700 |
| Labcorp Holdings, Inc. | 2,693 | 832,676 |
| McKesson Corp. | 3,947 | 3,379,382 |
| Quest Diagnostics, Inc. | 3,635 | 846,991 |
| UnitedHealth Group, Inc. | 29,823 | 12,358,651 |
| Universal Health Services, Inc., Class B | 1,750 | 294,770 |
| 35,922,874 | ||
| Health Care REITs 0.4% | ||
| Alexandria Real Estate Equities, Inc. | 5,151 | 265,019 |
| Healthpeak Properties, Inc. | 22,640 | 494,231 |
| Ventas, Inc. | 15,966 | 1,492,981 |
| Welltower, Inc. | 23,182 | 5,434,788 |
| 7,687,019 | ||
| Health Care Technology 0.0% ‡ | ||
| Veeva Systems, Inc., Class A (a) | 4,931 | 1,004,839 |
| Shares | Value | |
| Common Stocks | ||
| Hotel & Resort REITs 0.0% ‡ | ||
| Host Hotels & Resorts, Inc. | 20,917 | $ 525,644 |
| Hotels, Restaurants & Leisure 1.6% | ||
| Airbnb, Inc., Class A (a) | 13,725 | 2,079,612 |
| Booking Holdings, Inc. | 25,447 | 4,908,726 |
| Carnival Corp. Ltd. | 42,246 | 1,174,861 |
| Chipotle Mexican Grill, Inc. (a) | 42,124 | 1,567,855 |
| Darden Restaurants, Inc. | 3,761 | 765,665 |
| Domino's Pizza, Inc. | 1,005 | 349,177 |
| DoorDash, Inc., Class A (a) | 12,427 | 2,437,681 |
| Expedia Group, Inc. | 3,760 | 1,108,223 |
| Hilton Worldwide Holdings, Inc. | 7,476 | 2,395,983 |
| Las Vegas Sands Corp. | 9,792 | 478,731 |
| Marriott International, Inc., Class A | 7,187 | 2,679,529 |
| McDonald's Corp. | 23,333 | 6,314,843 |
| MGM Resorts International (a) | 6,302 | 280,880 |
| Norwegian Cruise Line Holdings Ltd. (a) | 15,077 | 279,377 |
| Royal Caribbean Cruises Ltd. | 8,191 | 2,607,195 |
| Starbucks Corp. | 37,427 | 3,939,192 |
| Wynn Resorts Ltd. | 2,754 | 273,500 |
| Yum! Brands, Inc. | 9,051 | 1,387,337 |
| 35,028,367 | ||
| Household Durables 0.2% | ||
| DR Horton, Inc. | 8,661 | 1,239,043 |
| Garmin Ltd. | 5,383 | 1,581,418 |
| Lennar Corp., Class A | 7,068 | 582,050 |
| NVR, Inc. (a) | 89 | 547,087 |
| PulteGroup, Inc. | 6,255 | 791,070 |
| 4,740,668 | ||
| Household Products 0.7% | ||
| Church & Dwight Co., Inc. | 7,781 | 768,841 |
| Clorox Co. (The) | 3,971 | 379,350 |
| Colgate-Palmolive Co. | 26,278 | 2,399,181 |
| Kimberly-Clark Corp. | 10,901 | 1,191,588 |
| Procter & Gamble Co. (The) | 76,470 | 11,049,150 |
| 15,788,110 | ||
| Independent Power and Renewable Electricity Producers 0.1% | ||
| AES Corp. (The) | 23,420 | 343,805 |
| Vistra Corp. | 10,409 | 1,542,510 |
| 1,886,315 | ||
| Industrial Conglomerates 0.3% | ||
| 3M Co. | 17,128 | 3,019,324 |
| DuPont de Nemours, Inc. | 4,487 | 614,719 |
| Shares | Value | |
| Common Stocks | ||
| Industrial Conglomerates | ||
| Honeywell International, Inc. | 10,404 | $ 2,528,692 |
| 6,162,735 | ||
| Industrial REITs 0.2% | ||
| Prologis, Inc. | 30,617 | 4,427,524 |
| Insurance 1.7% | ||
| Aflac, Inc. | 15,043 | 1,917,682 |
| Allstate Corp. (The) | 8,454 | 2,232,532 |
| American International Group, Inc. | 17,412 | 1,368,235 |
| Aon plc, Class A | 7,014 | 2,528,898 |
| Arch Capital Group Ltd. (a) | 11,427 | 1,148,756 |
| Arthur J. Gallagher & Co. | 8,436 | 2,104,107 |
| Assurant, Inc. | 1,627 | 454,242 |
| Brown & Brown, Inc. | 9,573 | 673,939 |
| Chubb Ltd. | 11,846 | 4,154,155 |
| Cincinnati Financial Corp. | 5,080 | 902,614 |
| Erie Indemnity Co., Class A | 834 | 201,861 |
| Everest Group Ltd. | 1,300 | 486,395 |
| Globe Life, Inc. | 2,550 | 464,738 |
| Hanover Insurance Group, Inc. (The) | 9,002 | 1,277,474 |
| Loews Corp. | 5,541 | 642,812 |
| Marsh & McLennan Cos., Inc. | 15,822 | 3,001,275 |
| MetLife, Inc. | 17,749 | 1,706,211 |
| Principal Financial Group, Inc. | 6,455 | 733,934 |
| Progressive Corp. (The) | 19,189 | 4,056,938 |
| Prudential Financial, Inc. | 11,395 | 1,391,102 |
| Travelers Cos., Inc. (The) | 6,983 | 2,614,156 |
| W R Berkley Corp. | 9,658 | 700,591 |
| Willis Towers Watson plc | 3,102 | 1,042,024 |
| 35,804,671 | ||
| Interactive Media & Services 7.7% | ||
| Alphabet, Inc. | ||
| Class A | 192,560 | 68,576,393 |
| Class C | 155,213 | 55,356,716 |
| Meta Platforms, Inc., Class A | 72,117 | 40,148,255 |
| 164,081,364 | ||
| IT Services 0.6% | ||
| Accenture plc, Class A | 20,161 | 3,345,113 |
| Akamai Technologies, Inc. (a) | 4,774 | 549,869 |
| Cognizant Technology Solutions Corp., Class A | 15,562 | 861,357 |
| Gartner, Inc. (a) | 2,199 | 332,093 |
| GoDaddy, Inc., Class A (a) | 4,348 | 359,754 |
| International Business Machines Corp. | 30,865 | 6,902,957 |
| VeriSign, Inc. | 2,690 | 780,154 |
| 13,131,297 | ||
| Shares | Value | |
| Common Stocks | ||
| Leisure Products 0.0% ‡ | ||
| Hasbro, Inc. | 4,414 | $ 414,651 |
| Life Sciences Tools & Services 0.8% | ||
| Agilent Technologies, Inc. | 9,281 | 1,284,212 |
| Bio-Techne Corp. | 5,142 | 370,687 |
| Charles River Laboratories International, Inc. (a) | 1,582 | 367,831 |
| Danaher Corp. | 20,686 | 4,033,356 |
| IQVIA Holdings, Inc. (a) | 5,481 | 1,288,145 |
| Mettler-Toledo International, Inc. (a) | 664 | 940,423 |
| Revvity, Inc. (b) | 3,664 | 412,273 |
| Thermo Fisher Scientific, Inc. | 12,204 | 7,008,757 |
| Waters Corp. (a) | 3,224 | 1,216,448 |
| West Pharmaceutical Services, Inc. | 2,320 | 791,027 |
| 17,713,159 | ||
| Machinery 1.8% | ||
| Caterpillar, Inc. | 15,126 | 12,324,816 |
| Cummins, Inc. | 4,531 | 2,873,560 |
| Deere & Co. | 8,249 | 4,888,935 |
| Dover Corp. | 4,422 | 904,830 |
| Fortive Corp. | 10,011 | 592,751 |
| IDEX Corp. | 2,431 | 560,224 |
| Illinois Tool Works, Inc. | 8,598 | 2,467,196 |
| Ingersoll Rand, Inc. | 11,695 | 975,129 |
| Nordson Corp. | 1,740 | 518,137 |
| Otis Worldwide Corp. | 12,601 | 906,642 |
| PACCAR, Inc. | 17,283 | 2,293,109 |
| Parker-Hannifin Corp. | 4,141 | 4,043,811 |
| Pentair plc | 5,307 | 347,290 |
| Snap-on, Inc. | 1,701 | 698,107 |
| Stanley Black & Decker, Inc. | 5,105 | 482,831 |
| Westinghouse Air Brake Technologies Corp. | 5,572 | 1,620,672 |
| Xylem, Inc. | 7,806 | 913,068 |
| 37,411,108 | ||
| Media 0.3% | ||
| AppLovin Corp., Class A (a) | 8,835 | 3,497,777 |
| Charter Communications, Inc., Class A (a) | 2,746 | 398,115 |
| EchoStar Corp., Class A (a) | 4,475 | 376,303 |
| Fox Corp. | ||
| Class A | 6,551 | 381,465 |
| Class B | 4,566 | 237,158 |
| News Corp. | ||
| Class A | 11,983 | 330,251 |
| Class B | 3,957 | 123,735 |
| Omnicom Group, Inc. | 9,359 | 736,553 |
| Paramount Skydance Corp., Class B (b) | 10,358 | 82,450 |
| Shares | Value | |
| Common Stocks | ||
| Media | ||
| Trade Desk, Inc. (The), Class A (a) | 14,022 | $ 252,957 |
| 6,416,764 | ||
| Metals & Mining 0.4% | ||
| Freeport-McMoRan, Inc. | 47,209 | 2,956,700 |
| Newmont Corp. | 35,058 | 3,285,285 |
| Nucor Corp. | 7,479 | 1,924,272 |
| Steel Dynamics, Inc. | 4,452 | 1,118,609 |
| 9,284,866 | ||
| Multi-Utilities 0.6% | ||
| Ameren Corp. | 9,088 | 996,136 |
| CenterPoint Energy, Inc. | 21,483 | 903,145 |
| CMS Energy Corp. | 10,145 | 730,338 |
| Consolidated Edison, Inc. | 12,102 | 1,317,303 |
| Dominion Energy, Inc. | 28,881 | 1,997,699 |
| DTE Energy Co. | 6,832 | 969,256 |
| NiSource, Inc. | 15,745 | 699,550 |
| Public Service Enterprise Group, Inc. | 16,365 | 1,254,868 |
| Sempra | 21,467 | 1,900,903 |
| WEC Energy Group, Inc. | 10,697 | 1,170,466 |
| 11,939,664 | ||
| Office REITs 0.0% ‡ | ||
| BXP, Inc. | 4,871 | 341,555 |
| Oil, Gas & Consumable Fuels 3.1% | ||
| APA Corp. | 11,608 | 433,210 |
| Chevron Corp. | 61,479 | 12,100,911 |
| ConocoPhillips | 40,008 | 4,820,164 |
| Devon Energy Corp. | 37,862 | 1,708,712 |
| Diamondback Energy, Inc. | 6,374 | 1,293,603 |
| EOG Resources, Inc. | 17,491 | 2,600,737 |
| EQT Corp. | 20,540 | 1,094,577 |
| Expand Energy Corp. | 7,856 | 738,700 |
| ExxonMobil Holdings Corp. (a) | 136,118 | 21,158,182 |
| Kinder Morgan, Inc. | 64,295 | 2,069,013 |
| Marathon Petroleum Corp. | 9,587 | 3,033,998 |
| Occidental Petroleum Corp. | 23,844 | 1,360,777 |
| ONEOK, Inc. | 20,690 | 1,878,859 |
| Phillips 66 | 13,166 | 2,786,979 |
| Targa Resources Corp. | 7,049 | 1,905,838 |
| Texas Pacific Land Corp. | 1,903 | 766,110 |
| Valero Energy Corp. | 9,751 | 3,051,088 |
| Williams Cos., Inc. (The) | 40,163 | 2,873,261 |
| 65,674,719 | ||
| Shares | Value | |
| Common Stocks | ||
| Passenger Airlines 0.2% | ||
| Delta Air Lines, Inc. | 21,459 | $ 1,876,375 |
| Southwest Airlines Co. | 16,051 | 721,813 |
| United Airlines Holdings, Inc. (a) | 10,659 | 1,293,257 |
| 3,891,445 | ||
| Personal Care Products 0.1% | ||
| Estee Lauder Cos., Inc. (The), Class A | 8,121 | 681,352 |
| Kenvue, Inc. | 63,052 | 1,213,120 |
| 1,894,472 | ||
| Pharmaceuticals 3.3% | ||
| Bristol-Myers Squibb Co. | 67,061 | 4,379,754 |
| Eli Lilly & Co. | 25,978 | 29,844,565 |
| Johnson & Johnson | 79,052 | 20,264,980 |
| Merck & Co., Inc. | 81,108 | 10,560,262 |
| Pfizer, Inc. | 187,167 | 4,681,047 |
| Viatris, Inc. | 38,243 | 671,547 |
| Zoetis, Inc. | 13,767 | 1,064,051 |
| 71,466,206 | ||
| Professional Services 0.4% | ||
| Automatic Data Processing, Inc. | 13,127 | 3,497,820 |
| Broadridge Financial Solutions, Inc. | 3,798 | 584,702 |
| Equifax, Inc. | 3,910 | 674,944 |
| Jacobs Solutions, Inc. | 3,878 | 523,258 |
| Leidos Holdings, Inc. | 4,131 | 477,544 |
| Paychex, Inc. | 10,589 | 1,237,219 |
| Verisk Analytics, Inc. | 4,303 | 838,440 |
| 7,833,927 | ||
| Real Estate Management & Development 0.1% | ||
| CBRE Group, Inc., Class A (a) | 9,616 | 1,411,725 |
| CoStar Group, Inc. (a) | 13,410 | 385,672 |
| 1,797,397 | ||
| Residential REITs 0.2% | ||
| AvalonBay Communities, Inc. | 4,562 | 846,753 |
| Camden Property Trust | 3,301 | 365,784 |
| Equity Residential | 11,197 | 744,041 |
| Essex Property Trust, Inc. | 2,110 | 599,535 |
| Invitation Homes, Inc. | 17,947 | 533,385 |
| Mid-America Apartment Communities, Inc. | 3,822 | 505,803 |
| UDR, Inc. | 9,710 | 370,534 |
| 3,965,835 | ||
| Retail REITs 0.3% | ||
| Federal Realty Investment Trust | 2,582 | 320,400 |
| Kimco Realty Corp. | 22,147 | 564,306 |
| Realty Income Corp. | 30,623 | 1,955,891 |
| Shares | Value | |
| Common Stocks | ||
| Retail REITs | ||
| Regency Centers Corp. | 5,412 | $ 434,530 |
| Simon Property Group, Inc. | 10,649 | 2,442,561 |
| 5,717,688 | ||
| Semiconductors & Semiconductor Equipment 16.8% | ||
| Advanced Micro Devices, Inc. (a) | 53,548 | 25,496,880 |
| Analog Devices, Inc. | 16,032 | 5,890,317 |
| Applied Materials, Inc. | 26,062 | 13,230,896 |
| Broadcom, Inc. | 155,484 | 60,526,811 |
| First Solar, Inc. (a) | 3,529 | 744,725 |
| Intel Corp. (a) | 155,148 | 13,994,350 |
| KLA Corp. | 42,898 | 7,842,612 |
| Lam Research Corp. | 41,068 | 12,033,745 |
| Marvell Technology, Inc. | 28,753 | 5,392,913 |
| Microchip Technology, Inc. | 17,771 | 1,320,208 |
| Micron Technology, Inc. | 37,034 | 30,480,093 |
| Monolithic Power Systems, Inc. | 1,613 | 2,300,186 |
| NVIDIA Corp. | 795,389 | 159,674,342 |
| NXP Semiconductors NV | 8,291 | 1,899,966 |
| ON Semiconductor Corp. (a) | 12,870 | 1,050,321 |
| Qnity Electronics, Inc. | 6,875 | 901,862 |
| QUALCOMM, Inc. | 34,613 | 5,109,225 |
| Skyworks Solutions, Inc. (b) | 4,939 | 307,601 |
| Teradyne, Inc. | 5,141 | 1,890,294 |
| Texas Instruments, Inc. | 29,887 | 8,241,041 |
| 358,328,388 | ||
| Software 8.4% | ||
| Adobe, Inc. (a) | 13,274 | 3,323,942 |
| Autodesk, Inc. (a) | 6,934 | 1,623,943 |
| Cadence Design Systems, Inc. (a) | 9,058 | 3,079,901 |
| Crowdstrike Holdings, Inc., Class A (a) | 33,436 | 6,381,595 |
| Datadog, Inc., Class A (a) | 10,864 | 2,911,226 |
| Fair Isaac Corp. (a) | 762 | 855,703 |
| Fortinet, Inc. (a) | 20,451 | 3,312,039 |
| Gen Digital, Inc. | 18,100 | 496,845 |
| Intuit, Inc. | 9,082 | 2,870,548 |
| Microsoft Corp. | 243,946 | 113,366,585 |
| Oracle Corp. | 55,724 | 7,236,876 |
| Palantir Technologies, Inc., Class A (a) | 75,402 | 9,278,970 |
| Palo Alto Networks, Inc. (a) | 26,633 | 8,837,628 |
| PTC, Inc. (a) | 3,793 | 520,400 |
| Roper Technologies, Inc. | 3,314 | 1,298,989 |
| Salesforce, Inc. | 26,864 | 4,943,513 |
| ServiceNow, Inc. (a) | 33,868 | 3,767,138 |
| Synopsys, Inc. (a) | 6,291 | 2,445,689 |
| Trimble, Inc. (a) | 7,655 | 433,120 |
| Tyler Technologies, Inc. (a) | 1,385 | 428,796 |
| Shares | Value | |
| Common Stocks | ||
| Software | ||
| Workday, Inc., Class A (a) | 6,690 | $ 1,072,675 |
| 178,486,121 | ||
| Specialized REITs 0.7% | ||
| American Tower Corp. | 15,300 | 2,652,408 |
| Crown Castle, Inc. | 14,333 | 1,093,608 |
| Digital Realty Trust, Inc. | 11,421 | 2,153,087 |
| Equinix, Inc. | 3,239 | 3,301,448 |
| Extra Space Storage, Inc. | 6,938 | 1,027,102 |
| Iron Mountain, Inc. | 9,771 | 1,195,189 |
| Public Storage | 5,506 | 1,784,880 |
| SBA Communications Corp. | 3,483 | 630,353 |
| VICI Properties, Inc. | 35,888 | 945,649 |
| Weyerhaeuser Co. | 23,679 | 592,685 |
| 15,376,409 | ||
| Specialty Retail 1.5% | ||
| AutoZone, Inc. (a) | 541 | 1,631,791 |
| Best Buy Co., Inc. | 6,435 | 555,083 |
| Carvana Co. (a) | 23,523 | 1,466,894 |
| Home Depot, Inc. (The) | 32,709 | 10,858,080 |
| Lowe's Cos., Inc. | 18,392 | 3,822,041 |
| O'Reilly Automotive, Inc. (a) | 27,215 | 2,431,660 |
| Ross Stores, Inc. | 10,579 | 2,656,070 |
| TJX Cos., Inc. (The) | 36,314 | 5,713,645 |
| Tractor Supply Co. | 17,223 | 529,952 |
| Ulta Beauty, Inc. (a) | 1,430 | 733,347 |
| Williams-Sonoma, Inc. | 3,867 | 884,228 |
| 31,282,791 | ||
| Technology Hardware, Storage & Peripherals 8.2% | ||
| Apple, Inc. (d) | 482,325 | 148,995,016 |
| Dell Technologies, Inc., Class C | 9,500 | 3,851,015 |
| Hewlett Packard Enterprise Co. | 43,573 | 2,087,147 |
| HP, Inc. | 30,033 | 819,000 |
| NetApp, Inc. | 6,480 | 1,156,680 |
| Sandisk Corp. (a) | 4,863 | 5,907,718 |
| Seagate Technology Holdings plc | 7,364 | 6,304,541 |
| Super Micro Computer, Inc. (a) | 18,481 | 524,860 |
| Western Digital Corp. | 11,319 | 6,167,044 |
| 175,813,021 | ||
| Textiles, Apparel & Luxury Goods 0.2% | ||
| Deckers Outdoor Corp. (a) | 4,662 | 451,655 |
| Lululemon Athletica, Inc. (a) | 3,439 | 408,794 |
| NIKE, Inc., Class B | 39,391 | 1,642,999 |
| Ralph Lauren Corp. | 1,269 | 482,651 |
| Tapestry, Inc. | 6,635 | 1,010,975 |
| 3,997,074 | ||
| Shares | Value | |
| Common Stocks | ||
| Tobacco 0.6% | ||
| Altria Group, Inc. | 54,838 | $ 3,747,081 |
| Philip Morris International, Inc. | 51,182 | 9,766,549 |
| 13,513,630 | ||
| Trading Companies & Distributors 0.3% | ||
| Fastenal Co. | 37,701 | 1,798,714 |
| United Rentals, Inc. | 2,057 | 2,220,038 |
| WW Grainger, Inc. | 1,426 | 1,971,046 |
| 5,989,798 | ||
| Water Utilities 0.0% ‡ | ||
| American Water Works Co., Inc. | 6,413 | 860,432 |
| Wireless Telecommunication Services 0.1% | ||
| T-Mobile US, Inc. | 15,282 | 2,639,354 |
| Total Common Stocks (e) (Cost $422,374,771) | 2,114,039,170 | |
| Number of Rights | ||
| Rights 0.0% ‡ | ||
| Health Care Equipment & Supplies 0.0% ‡ | ||
| ABIOMED, Inc., CVR (a) | 1,477 | 1,507 |
| Total Rights (Cost $1,507) | 1,507 | |
| Shares | ||
| Short-Term Investments 1.1% | ||
| Affiliated Investment Company 0.0% ‡ | ||
| NYLIM U.S. Government Liquidity Fund, 3.585% (f) | 48,774 | 48,774 |
| Unaffiliated Investment Company 0.0% ‡ | ||
| Invesco Government & Agency Portfolio, 3.742% (f)(g) | 973,746 | 973,746 |
| Principal Amount | Value | ||
| U.S. Treasury Debt 1.1% | |||
| U.S. Treasury Bills | |||
| 3.634%, due 9/17/26 (d)(h) | $ 22,800,000 | $ 22,695,758 | |
| Total Short-Term Investments (Cost $23,715,463) | 23,718,278 | ||
| Total Investments (Cost $446,091,741) | 100.0% | 2,137,758,955 | |
| Other Assets, Less Liabilities | 0.0‡ | 270,227 | |
| Net Assets | 100.0% | $ 2,138,029,182 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| ‡ | Less than one-tenth of a percent. |
| (a) | Non-income producing security. |
| (b) | All or a portion of this security was held on loan. As of July 31, 2026, the aggregate market value of securities on loan was $951,118. The Fund received cash collateral with a value of $973,746. |
| (c) | Security in which significant unobservable inputs (Level 3) were used in determining fair value. |
| (d) | Represents a security, or portion thereof, which was maintained at the broker as collateral for futures contracts. |
| (e) | The combined market value of common stocks and notional value of Standard & Poor’s 500 Index futures contracts represents 99.9% of the Fund’s net assets. |
| (f) | Current yield as of July 31, 2026. |
| (g) | Represents a security purchased with cash collateral received for securities on loan. |
| (h) | Interest rate shown represents yield to maturity. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ 216 | $ 6,754 | $ (6,921) | $ — | $ — | $ 49 | $ 2 | $ — | 49 |
| Type | Number of Contracts | Expiration Date | Value at Trade Date | Current Notional Amount | Unrealized Appreciation (Depreciation)1 |
| Long Contracts | |||||
| S&P 500 E-Mini Index | 60 | September 2026 | $ 22,754,917 | $ 22,557,750 | $ (197,167) |
| 1. | Represents the difference between the value of the contracts at the time they were opened and the value as of July 31, 2026. |
| Abbreviation(s): |
| CVR—Contingent Value Right |
| REIT—Real Estate Investment Trust |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Common Stocks | $ 2,114,039,170 | $ — | $ — | $ 2,114,039,170 | |||
| Rights | — | 1,507 | — | 1,507 | |||
| Short-Term Investments | |||||||
| Affiliated Investment Company | 48,774 | — | — | 48,774 | |||
| Unaffiliated Investment Company | 973,746 | — | — | 973,746 | |||
| U.S. Treasury Debt | — | 22,695,758 | — | 22,695,758 | |||
| Total Short-Term Investments | 1,022,520 | 22,695,758 | — | 23,718,278 | |||
| Total Investments in Securities | $ 2,115,061,690 | $ 22,697,265 | $ — | $ 2,137,758,955 | |||
| Liability Valuation Inputs | |||||||
| Other Financial Instruments | |||||||
| Futures Contracts (b) | $ (197,167) | $ — | $ — | $ (197,167) |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| (b) | The value listed for these securities reflects unrealized appreciation (depreciation) as shown on the Portfolio of Investments. |
| Shares | Value | |
| Common Stocks 98.4% | ||
| Aerospace & Defense 2.2% | ||
| Hexcel Corp. | 72,535 | $ 7,467,478 |
| Banks 8.9% | ||
| Banner Corp. | 49,714 | 3,500,363 |
| Enterprise Financial Services Corp. | 43,129 | 2,859,884 |
| First Bancorp | 58,351 | 3,668,527 |
| First Interstate BancSystem, Inc., Class A | 79,050 | 3,005,481 |
| Old National Bancorp | 184,187 | 4,906,742 |
| Prosperity Bancshares, Inc. | 38,747 | 2,900,988 |
| Renasant Corp. | 65,866 | 2,869,782 |
| United Community Banks, Inc. | 85,903 | 3,044,402 |
| WSFS Financial Corp. | 47,625 | 3,819,525 |
| 30,575,694 | ||
| Biotechnology 10.7% | ||
| ACADIA Pharmaceuticals, Inc. (a) | 20,379 | 527,205 |
| ADMA Biologics, Inc. (a) | 35,302 | 298,655 |
| Agios Pharmaceuticals, Inc. (a) | 9,372 | 281,347 |
| Alkermes plc (a) | 27,379 | 1,341,297 |
| Arcus Biosciences, Inc. (a) | 14,519 | 409,291 |
| Arcutis Biotherapeutics, Inc. (a) | 18,474 | 496,212 |
| Aurinia Pharmaceuticals, Inc. (a) | 19,478 | 289,833 |
| Beam Therapeutics, Inc. (a) | 15,717 | 401,098 |
| BioCryst Pharmaceuticals, Inc. (a) | 35,864 | 322,059 |
| Biohaven Ltd. (a) | 21,429 | 289,291 |
| Celcuity, Inc. (a) | 5,937 | 512,838 |
| Celldex Therapeutics, Inc. (a) | 12,529 | 476,854 |
| CG oncology, Inc. (a) | 12,204 | 868,803 |
| Cogent Biosciences, Inc. (a) | 26,495 | 1,031,450 |
| CRISPR Therapeutics AG (a)(b) | 14,714 | 706,125 |
| Cytokinetics, Inc. (a) | 21,592 | 1,665,391 |
| Denali Therapeutics, Inc. (a) | 23,416 | 539,036 |
| Dianthus Therapeutics, Inc. (a) | 7,900 | 844,668 |
| Disc Medicine, Inc. (a) | 4,541 | 349,657 |
| Dyne Therapeutics, Inc. (a) | 20,913 | 526,589 |
| Erasca, Inc. (a) | 32,223 | 584,847 |
| GRAIL, Inc. (a) | 6,433 | 441,046 |
| Ideaya Biosciences, Inc. (a) | 13,385 | 475,167 |
| ImmunityBio, Inc. (a)(b) | 59,955 | 429,877 |
| Immunome, Inc. (a) | 16,338 | 371,853 |
| Immunovant, Inc. (a) | 13,620 | 526,004 |
| Intellia Therapeutics, Inc. (a) | 20,342 | 217,253 |
| Iovance Biotherapeutics, Inc. (a)(b) | 63,387 | 257,985 |
| Kiniksa Pharmaceuticals International plc (a) | 6,709 | 498,747 |
| Krystal Biotech, Inc. (a) | 4,300 | 1,466,816 |
| Kymera Therapeutics, Inc. (a) | 9,316 | 963,274 |
| Mirum Pharmaceuticals, Inc. (a) | 7,854 | 832,131 |
| Monte Rosa Therapeutics, Inc. (a) | 11,273 | 186,230 |
| Shares | Value | |
| Common Stocks | ||
| Biotechnology | ||
| Nurix Therapeutics, Inc. (a) | 14,618 | $ 339,284 |
| Oruka Therapeutics, Inc. (a) | 7,769 | 749,786 |
| Palvella Therapeutics, Inc. (a) | 1,892 | 263,064 |
| Praxis Precision Medicines, Inc. (a) | 4,215 | 1,297,503 |
| Protagonist Therapeutics, Inc. (a) | 9,598 | 1,311,471 |
| PTC Therapeutics, Inc. (a) | 13,155 | 894,672 |
| Recursion Pharmaceuticals, Inc., Class A (a)(b) | 77,162 | 231,486 |
| Relay Therapeutics, Inc. (a) | 27,589 | 519,501 |
| Rhythm Pharmaceuticals, Inc. (a) | 8,499 | 843,526 |
| Sarepta Therapeutics, Inc. (a) | 15,615 | 232,039 |
| Scholar Rock Holding Corp. (a) | 18,027 | 852,587 |
| SELLAS Life Sciences Group, Inc. (a)(b) | 35,280 | 353,153 |
| Spyre Therapeutics, Inc. (a) | 12,148 | 1,194,513 |
| Stoke Therapeutics, Inc. (a) | 8,585 | 247,763 |
| Syndax Pharmaceuticals, Inc. (a) | 14,471 | 275,673 |
| Tango Therapeutics, Inc. (a) | 24,153 | 656,479 |
| TG Therapeutics, Inc. (a) | 23,517 | 1,223,590 |
| Travere Therapeutics, Inc. (a) | 14,498 | 810,293 |
| Twist Bioscience Corp. (a) | 9,378 | 858,556 |
| Ultragenyx Pharmaceutical, Inc. (a) | 14,301 | 356,238 |
| Vaxcyte, Inc. (a) | 21,158 | 1,144,225 |
| Vera Therapeutics, Inc. (a) | 10,278 | 329,924 |
| Veracyte, Inc. (a) | 12,914 | 598,176 |
| Vericel Corp. (a) | 8,150 | 374,574 |
| Viridian Therapeutics, Inc. (a) | 13,961 | 264,142 |
| Xenon Pharmaceuticals, Inc. (a) | 15,593 | 977,213 |
| 36,628,360 | ||
| Communications Equipment 2.0% | ||
| NetScout Systems, Inc. (a) | 171,036 | 6,956,034 |
| Construction & Engineering 2.7% | ||
| Ameresco, Inc., Class A (a) | 179,840 | 3,789,229 |
| Centuri Holdings, Inc. (a) | 194,431 | 5,412,959 |
| 9,202,188 | ||
| Consumer Finance 2.6% | ||
| Enova International, Inc. (a) | 35,014 | 8,898,458 |
| Containers & Packaging 2.0% | ||
| Greif, Inc., Class A | 78,832 | 6,822,910 |
| Diversified Consumer Services 2.4% | ||
| Laureate Education, Inc. (a) | 218,199 | 8,359,204 |
| Diversified Telecommunication Services 1.2% | ||
| Bandwidth, Inc., Class A (a) | 108,729 | 4,255,653 |
| Shares | Value | |
| Common Stocks | ||
| Electrical Equipment 3.0% | ||
| Nextpower, Inc., Class A (a) | 44,348 | $ 3,985,555 |
| Sensata Technologies Holding plc | 132,405 | 6,129,027 |
| 10,114,582 | ||
| Electronic Equipment, Instruments & Components 4.8% | ||
| Ingram Micro Holding Corp. | 175,503 | 4,950,940 |
| TTM Technologies, Inc. (a) | 59,202 | 6,834,279 |
| Vishay Intertechnology, Inc. | 137,083 | 4,690,980 |
| 16,476,199 | ||
| Energy Equipment & Services 3.0% | ||
| Atlas Energy Solutions, Inc. (b) | 348,156 | 3,756,603 |
| Helix Energy Solutions Group, Inc. (a) | 380,472 | 3,618,289 |
| Tidewater, Inc. (a) | 37,939 | 2,847,701 |
| 10,222,593 | ||
| Financial Services 4.2% | ||
| Federal Agricultural Mortgage Corp., Class C | 17,071 | 3,885,359 |
| Flywire Corp. (a) | 303,063 | 4,852,039 |
| Remitly Global, Inc. (a) | 247,438 | 5,634,163 |
| 14,371,561 | ||
| Food Products 0.5% | ||
| Freshpet, Inc. (a) | 26,851 | 1,598,709 |
| Gas Utilities 2.7% | ||
| New Jersey Resources Corp. | 78,862 | 4,565,321 |
| Southwest Gas Holdings, Inc. | 50,535 | 4,517,829 |
| 9,083,150 | ||
| Health Care Equipment & Supplies 3.7% | ||
| Artivion, Inc. (a) | 113,183 | 3,036,700 |
| Integer Holdings Corp. (a) | 57,986 | 7,028,483 |
| TransMedics Group, Inc. (a) | 34,950 | 2,674,024 |
| 12,739,207 | ||
| Health Care REITs 1.5% | ||
| CareTrust REIT, Inc. | 126,038 | 5,286,034 |
| Health Care Technology 1.6% | ||
| Waystar Holding Corp. (a) | 262,598 | 5,543,444 |
| Hotels, Restaurants & Leisure 1.6% | ||
| Life Time Group Holdings, Inc. (a) | 119,580 | 5,393,058 |
| Household Durables 1.5% | ||
| Champion Homes, Inc. (a) | 63,801 | 5,079,198 |
| Shares | Value | |
| Common Stocks | ||
| IT Services 2.2% | ||
| DigitalOcean Holdings, Inc. (a) | 64,387 | $ 7,565,473 |
| Life Sciences Tools & Services 2.2% | ||
| Fortrea Holdings, Inc. (a) | 398,191 | 7,633,321 |
| Machinery 2.2% | ||
| Blue Bird Corp. (a) | 100,757 | 7,495,313 |
| Metals & Mining 6.3% | ||
| Kaiser Aluminum Corp. | 52,926 | 8,451,224 |
| Lundin Mining Corp. | 354,935 | 8,788,240 |
| Materion Corp. | 20,596 | 4,342,460 |
| 21,581,924 | ||
| Oil, Gas & Consumable Fuels 1.8% | ||
| Excelerate Energy, Inc., Class A | 160,999 | 6,322,431 |
| Pharmaceuticals 2.6% | ||
| Alumis, Inc. (a) | 12,388 | 349,961 |
| Amneal Pharmaceuticals, Inc. (a) | 27,682 | 507,134 |
| Amylyx Pharmaceuticals, Inc. (a) | 15,330 | 311,352 |
| ANI Pharmaceuticals, Inc. (a) | 3,277 | 259,669 |
| Definium Therapeutics, Inc. (a) | 21,353 | 929,283 |
| Edgewise Therapeutics, Inc. (a) | 11,581 | 445,058 |
| Enliven Therapeutics, Inc. (a) | 6,974 | 382,245 |
| Indivior Pharmaceuticals, Inc. (a) | 19,241 | 769,832 |
| Innoviva, Inc. (a) | 12,469 | 261,475 |
| Ligand Pharmaceuticals, Inc. (a) | 3,176 | 913,227 |
| Liquidia Corp. (a) | 10,588 | 890,557 |
| MBX Biosciences, Inc. (a) | 4,549 | 299,916 |
| Nektar Therapeutics (a) | 5,242 | 370,452 |
| Ocular Therapeutix, Inc. (a) | 32,577 | 266,154 |
| Prestige Consumer Healthcare, Inc. (a) | 7,677 | 385,539 |
| Supernus Pharmaceuticals, Inc. (a) | 8,846 | 394,797 |
| Tarsus Pharmaceuticals, Inc. (a) | 6,417 | 378,860 |
| Trevi Therapeutics, Inc. (a) | 17,337 | 316,400 |
| VeraDermics, Inc. (a)(b) | 3,323 | 348,915 |
| 8,780,826 | ||
| Professional Services 2.8% | ||
| ICF International, Inc. | 65,836 | 5,327,449 |
| Maximus, Inc. | 69,828 | 4,207,137 |
| 9,534,586 | ||
| Real Estate Management & Development 1.0% | ||
| Cushman & Wakefield Ltd. (a) | 267,584 | 3,590,977 |
| Shares | Value | ||
| Common Stocks | |||
| Retail REITs 1.8% | |||
| Macerich Co. (The) | 238,724 | $ 6,168,628 | |
| Semiconductors & Semiconductor Equipment 3.3% | |||
| Power Integrations, Inc. | 91,090 | 5,530,074 | |
| Tower Semiconductor Ltd. (a) | 25,890 | 5,687,256 | |
| 11,217,330 | |||
| Software 3.4% | |||
| A10 Networks, Inc. | 211,826 | 6,263,695 | |
| SailPoint, Inc. (a)(b) | 318,459 | 5,340,557 | |
| 11,604,252 | |||
| Specialty Retail 1.1% | |||
| Advance Auto Parts, Inc. (b) | 67,587 | 3,753,782 | |
| Trading Companies & Distributors 4.9% | |||
| DNOW, Inc. (a) | 388,106 | 5,480,057 | |
| Xometry, Inc., Class A (a) | 133,556 | 11,448,420 | |
| 16,928,477 | |||
| Total Common Stocks (Cost $235,275,530) | 337,251,034 | ||
| Exchange-Traded Fund 1.2% | |||
| iShares Russell 2000 ETF (b) | 14,651 | 4,266,371 | |
| Total Exchange-Traded Fund (Cost $4,272,376) | 4,266,371 | ||
| Short-Term Investments 2.1% | |||
| Affiliated Investment Company 0.3% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (c) | 905,971 | 905,971 | |
| Unaffiliated Investment Companies 1.8% | |||
| BlackRock Liquidity FedFund, 3.679% (c)(d) | 3,000,000 | 3,000,000 | |
| Invesco Government & Agency Portfolio, 3.742% (c)(d) | 3,228,437 | 3,228,437 | |
| 6,228,437 | |||
| Total Short-Term Investments (Cost $7,134,408) | 7,134,408 | ||
| Total Investments (Cost $246,682,314) | 101.7% | 348,651,813 | |
| Other Assets, Less Liabilities | (1.7) | (5,747,174) | |
| Net Assets | 100.0% | $ 342,904,639 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| (a) | Non-income producing security. |
| (b) | All or a portion of this security was held on loan. As of July 31, 2026, the aggregate market value of securities on loan was $12,740,424; the total market value of collateral held by the Fund was $12,962,222. The market value of the collateral held included non-cash collateral in the form of U.S. Treasury securities with a value of $6,733,785. The Fund received cash collateral with a value of $6,228,437. |
| (c) | Current yield as of July 31, 2026. |
| (d) | Represents a security purchased with cash collateral received for securities on loan. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ 537 | $ 50,797 | $ (50,428) | $ — | $ — | $ 906 | $ 45 | $ — | 906 |
| Abbreviation(s): |
| ETF—Exchange-Traded Fund |
| REIT—Real Estate Investment Trust |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Common Stocks | $ 337,251,034 | $ — | $ — | $ 337,251,034 | |||
| Exchange-Traded Fund | 4,266,371 | — | — | 4,266,371 | |||
| Short-Term Investments | |||||||
| Affiliated Investment Company | 905,971 | — | — | 905,971 | |||
| Unaffiliated Investment Companies | 6,228,437 | — | — | 6,228,437 | |||
| Total Short-Term Investments | 7,134,408 | — | — | 7,134,408 | |||
| Total Investments in Securities | $ 348,651,813 | $ — | $ — | $ 348,651,813 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Principal Amount | Value | |
| Long-Term Bonds 96.6% | ||
| Asset-Backed Securities 13.3% | ||
| Automobile Asset-Backed Securities 7.1% | ||
| American Credit Acceptance Receivables Trust (a) | ||
| Series 2026-2, Class D | ||
| 5.18%, due 6/8/32 | $ 280,000 | $ 277,115 |
| Series 2024-4, Class D | ||
| 5.34%, due 8/12/31 | 260,000 | 261,321 |
| AutoNation Finance Trust | ||
| Series 2026-1A, Class C | ||
| 4.56%, due 10/14/31 (a) | 200,000 | 197,273 |
| Avis Budget Rental Car Funding AESOP LLC (a) | ||
| Series 2023-1A, Class A | ||
| 5.25%, due 4/20/29 | 400,000 | 403,032 |
| Series 2024-1A, Class B | ||
| 5.85%, due 6/20/30 | 290,000 | 294,031 |
| Series 2023-6A, Class B | ||
| 6.40%, due 12/20/29 | 200,000 | 204,723 |
| Bridgecrest Lending Auto Securitization Trust | ||
| Series 2025-4, Class D | ||
| 5.41%, due 8/15/31 | 280,000 | 279,466 |
| Series 2025-2, Class D | ||
| 5.62%, due 3/17/31 | 300,000 | 302,218 |
| Exeter Automobile Receivables Trust | ||
| Series 2026-3A, Class D | ||
| 5.44%, due 10/15/32 | 240,000 | 239,247 |
| First Investors Auto Owner Trust | ||
| Series 2025-1A, Class C | ||
| 4.75%, due 12/15/31 (a) | 240,000 | 238,372 |
| Ford Credit Floorplan Master Owner Trust A | ||
| Series 2025-2, Class A1 | ||
| 4.06%, due 9/15/30 | 400,000 | 395,851 |
| Series 2026-1, Class B | ||
| 4.61%, due 5/15/31 | 400,000 | 397,287 |
| GLS Auto Receivables Issuer Trust | ||
| Series 2026-2A, Class D | ||
| 5.38%, due 1/15/32 (a) | 240,000 | 238,673 |
| GLS Auto Select Receivables Trust | ||
| Series 2024-2A, Class D | ||
| 6.37%, due 8/15/31 (a) | 320,000 | 328,756 |
| GM Financial Revolving Receivables Trust | ||
| Series 2025-1, Class A | ||
| 4.64%, due 12/11/37 (a) | 440,000 | 438,723 |
| Hertz Vehicle Financing LLC | ||
| Series 2022-2A, Class A | ||
| 2.33%, due 6/26/28 (a) | 240,000 | 236,094 |
| LAD Auto Receivables Trust | ||
| Series 2026-1A, Class A3 | ||
| 3.92%, due 4/15/31 (a) | 400,000 | 394,387 |
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Automobile Asset-Backed Securities | ||
| M&T Bank Auto Receivables Trust | ||
| Series 2025-1A, Class A4 | ||
| 4.89%, due 7/15/32 (a) | $ 300,000 | $ 301,199 |
| Santander Drive Auto Receivables Trust | ||
| Series 2026-1, Class D | ||
| 4.75%, due 4/15/32 | 300,000 | 293,588 |
| 5,721,356 | ||
| Credit Card Asset-Backed Securities 1.6% | ||
| American Express Credit Account Master Trust | ||
| Series 2025-3, Class A | ||
| 4.51%, due 4/15/32 | 600,000 | 598,144 |
| First National Master Note Trust | ||
| Series 2024-1, Class A | ||
| 5.34%, due 5/15/30 | 400,000 | 403,024 |
| World Financial Network Credit Card Master Note Trust | ||
| Series 2024-B, Class A | ||
| 4.62%, due 5/15/31 | 280,000 | 280,495 |
| 1,281,663 | ||
| Other Asset-Backed Securities 4.6% | ||
| Benefit Street Partners CLO XXXVII Ltd. | ||
| Series 2024-37A, Class A | ||
| 5.16% (3 Month SOFR + 1.35%), due 1/25/38 (a)(b) | 500,000 | 501,135 |
| College Ave Student Loans LLC | ||
| Series 2024-B, Class A1A | ||
| 5.69%, due 8/25/54 (a) | 521,427 | 524,719 |
| Dell Equipment Finance Trust | ||
| Series 2026-1A, Class A3 | ||
| 4.32%, due 12/22/31 (a) | 400,000 | 398,334 |
| DLLAD LLC | ||
| Series 2024-1A, Class A3 | ||
| 5.30%, due 7/20/29 (a) | 400,000 | 403,332 |
| Navient Refinance Loan Trust (a) | ||
| Series 2025-B, Class A | ||
| 4.72%, due 9/15/55 | 498,654 | 492,245 |
| Series 2026-B, Class A | ||
| 5.07%, due 6/15/56 | 240,000 | 238,701 |
| Point Broadband Funding LLC | ||
| Series 2025-1A, Class A2 | ||
| 5.336%, due 7/20/55 (a) | 230,000 | 226,359 |
| Tricon Residential Trust | ||
| Series 2024-SFR1, Class A | ||
| 4.65%, due 4/17/41 (a) | 329,534 | 325,160 |
| Verizon Master Trust | ||
| Series 2024-7, Class A | ||
| 4.35%, due 8/20/32 (a) | 450,000 | 445,522 |
| Principal Amount | Value | |
| Asset-Backed Securities | ||
| Other Asset-Backed Securities | ||
| Zayo Issuer LLC | ||
| Series 2026-1A, Class A2 | ||
| 5.546%, due 4/20/56 (a) | $ 160,000 | $ 158,294 |
| 3,713,801 | ||
| Total Asset-Backed Securities (Cost $10,757,672) | 10,716,820 | |
| Corporate Bonds 45.7% | ||
| Aerospace & Defense 1.1% | ||
| BAE Systems plc | ||
| 5.125%, due 3/26/29 (a) | 590,000 | 595,650 |
| General Electric Co. | ||
| 4.30%, due 7/29/30 | 280,000 | 275,246 |
| 870,896 | ||
| Auto Manufacturers 2.4% | ||
| Daimler Truck Finance North America LLC | ||
| 5.25%, due 1/13/30 (a) | 285,000 | 287,025 |
| Ford Motor Credit Co. LLC | ||
| 5.73%, due 9/5/30 | 500,000 | 500,217 |
| Hyundai Capital America | ||
| 4.875%, due 6/23/27 (a) | 250,000 | 250,871 |
| Mercedes-Benz Finance North America LLC | ||
| 4.875%, due 8/3/29 (a) | 400,000 | 399,290 |
| Volkswagen Group of America Finance LLC | ||
| 4.85%, due 9/11/30 (a) | 470,000 | 462,398 |
| 1,899,801 | ||
| Banks 16.5% | ||
| Banco Santander SA | ||
| 5.565%, due 1/17/30 | 600,000 | 609,753 |
| Bank of America Corp. | ||
| Series FIX | ||
| 5.162%, due 1/24/31 (c) | 245,000 | 246,218 |
| Bank of Montreal | ||
| Series J | ||
| 4.547%, due 6/2/29 (c) | 500,000 | 498,030 |
| Barclays plc | ||
| 7.385% (1 Year Treasury Constant Maturity Rate + 3.30%), due 11/2/28 (b) | 990,000 | 1,020,529 |
| Canadian Imperial Bank of Commerce | ||
| 4.723%, due 6/16/29 (c) | 400,000 | 399,653 |
| Citibank NA | ||
| 4.846%, due 6/18/32 (c) | 500,000 | 494,070 |
| Credit Agricole SA | ||
| 5.23%, due 1/9/29 (a)(c) | 685,000 | 688,633 |
| Deutsche Bank AG | ||
| 4.469%, due 12/10/31 (c) | 725,000 | 706,782 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Banks | ||
| Goldman Sachs Group, Inc. (The) | ||
| 4.516%, due 1/21/32 (c) | $ 945,000 | $ 917,202 |
| Intesa Sanpaolo SpA | ||
| 5.00% (1 Year Treasury Constant Maturity Rate + 0.80%), due 6/29/30 (a)(b) | 500,000 | 497,767 |
| JPMorgan Chase & Co. | ||
| 4.255%, due 10/22/31 (c) | 1,010,000 | 978,259 |
| Lloyds Banking Group plc | ||
| 5.087% (1 Year Treasury Constant Maturity Rate + 0.85%), due 11/26/28 (b) | 345,000 | 346,610 |
| Morgan Stanley (c) | ||
| Series I | ||
| 4.356%, due 10/22/31 | 360,000 | 348,754 |
| 5.17%, due 7/14/32 | 195,000 | 194,264 |
| Morgan Stanley Bank NA | ||
| 4.788%, due 5/10/30 (c) | 265,000 | 263,918 |
| Morgan Stanley Private Bank NA | ||
| 4.734%, due 7/18/31 (c) | 280,000 | 276,384 |
| PNC Financial Services Group, Inc. (The) (c) | ||
| 4.899%, due 5/13/31 | 360,000 | 358,646 |
| 6.615%, due 10/20/27 | 295,000 | 296,253 |
| Santander Holdings USA, Inc. | ||
| 5.22%, due 6/5/32 (c) | 290,000 | 286,167 |
| Truist Bank | ||
| 4.632% (5 Year Treasury Constant Maturity Rate + 1.15%), due 9/17/29 (b) | 285,000 | 281,060 |
| U.S. Bancorp | ||
| 6.787%, due 10/26/27 (c) | 440,000 | 442,359 |
| UBS Group AG (a) | ||
| 4.398%, due 9/23/31 (c) | 700,000 | 678,931 |
| 6.327% (1 Year Treasury Constant Maturity Rate + 1.60%), due 12/22/27 (b) | 625,000 | 629,044 |
| US Bank NA | ||
| 4.535%, due 5/20/29 (c) | 500,000 | 498,219 |
| Wells Fargo & Co. (c) | ||
| 4.97%, due 4/23/29 | 700,000 | 702,613 |
| 5.15%, due 4/23/31 | 255,000 | 256,057 |
| Zions Bancorp NA | ||
| 5.239%, due 10/1/29 (c) | 365,000 | 365,144 |
| 13,281,319 | ||
| Beverages 0.5% | ||
| Keurig Dr Pepper, Inc. | ||
| 4.60%, due 5/15/30 | 380,000 | 373,356 |
| Building Materials 0.2% | ||
| EMRLD Borrower LP | ||
| 6.625%, due 12/15/30 (a) | 190,000 | 193,115 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Chemicals 0.2% | ||
| Olin Corp. | ||
| 5.00%, due 2/1/30 | $ 205,000 | $ 196,879 |
| Commercial Services 2.6% | ||
| Brink's Co. (The) | ||
| 6.50%, due 6/15/29 (a) | 190,000 | 193,434 |
| Element Fleet Management Corp. (a) | ||
| 4.641%, due 11/24/30 | 375,000 | 367,334 |
| 4.80%, due 5/29/29 | 500,000 | 496,934 |
| Equifax, Inc. | ||
| 4.80%, due 9/15/29 | 380,000 | 378,621 |
| 5.00%, due 8/15/29 | 120,000 | 120,160 |
| Global Payments, Inc. | ||
| 4.50%, due 11/15/28 | 275,000 | 271,375 |
| Sunbelt Rentals Holdings, Inc. | ||
| 4.95%, due 8/12/30 (a) | 285,000 | 282,698 |
| 2,110,556 | ||
| Computers 0.9% | ||
| Booz Allen Hamilton, Inc. | ||
| 5.375%, due 1/30/30 | 500,000 | 499,971 |
| Hewlett Packard Enterprise Co. | ||
| 4.55%, due 10/15/29 | 230,000 | 227,510 |
| 727,481 | ||
| Diversified Financial Services 4.1% | ||
| Aircastle Ltd. | ||
| 5.00%, due 5/15/31 (a) | 285,000 | 280,157 |
| Ally Financial, Inc. | ||
| 6.992%, due 6/13/29 (c) | 370,000 | 382,480 |
| Ameriprise Financial, Inc. | ||
| 4.80%, due 6/15/31 | 500,000 | 495,874 |
| Bread Financial Holdings, Inc. | ||
| 6.75%, due 5/15/31 (a) | 200,000 | 203,891 |
| Charles Schwab Corp. (The) (c) | ||
| 4.744%, due 5/21/30 | 500,000 | 498,834 |
| 6.196%, due 11/17/29 | 390,000 | 402,038 |
| Equitable America Global Funding | ||
| 4.95%, due 6/9/30 (a) | 400,000 | 396,474 |
| OneMain Finance Corp. | ||
| 6.625%, due 5/15/29 | 200,000 | 202,447 |
| Synchrony Financial | ||
| 5.45%, due 10/15/30 (c) | 405,000 | 405,537 |
| 3,267,732 | ||
| Electric 4.3% | ||
| Duke Energy Florida LLC | ||
| 4.20%, due 12/1/30 | 200,000 | 194,710 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Electric | ||
| Evergy Missouri West, Inc. | ||
| 4.70%, due 5/21/29 (a) | $ 500,000 | $ 497,969 |
| Florida Power & Light Co. | ||
| 5.05%, due 4/1/28 | 595,000 | 600,154 |
| National Rural Utilities Cooperative Finance Corp. | ||
| 4.30%, due 12/10/30 | 285,000 | 278,293 |
| Pacific Gas and Electric Co. | ||
| 5.25%, due 2/1/32 | 270,000 | 269,141 |
| 5.45%, due 6/15/27 | 225,000 | 226,319 |
| 6.10%, due 1/15/29 | 505,000 | 518,203 |
| Southern California Edison Co. | ||
| 4.95%, due 9/15/31 | 285,000 | 281,641 |
| 5.85%, due 11/1/27 | 255,000 | 258,383 |
| Vistra Operations Co. LLC | ||
| 5.25%, due 4/30/33 (a) | 185,000 | 180,880 |
| XPLR Infrastructure Operating Partners LP | ||
| 7.25%, due 1/15/29 (a)(d) | 190,000 | 195,945 |
| 3,501,638 | ||
| Food 0.3% | ||
| Smithfield Foods, Inc. | ||
| 5.20%, due 4/1/29 (a) | 270,000 | 270,436 |
| Healthcare-Products 0.3% | ||
| GE HealthCare Technologies, Inc. | ||
| 4.80%, due 8/14/29 | 280,000 | 280,188 |
| Healthcare-Services 0.6% | ||
| HCA, Inc. | ||
| 5.625%, due 9/1/28 | 445,000 | 450,741 |
| Insurance 2.9% | ||
| Corebridge Global Funding | ||
| 5.20%, due 1/12/29 (a) | 625,000 | 628,815 |
| GA Global Funding Trust | ||
| 5.40%, due 1/13/30 (a) | 370,000 | 368,743 |
| Jackson National Life Global Funding | ||
| 5.35%, due 1/13/30 (a) | 315,000 | 315,525 |
| Lincoln Financial Global Funding | ||
| 5.30%, due 1/13/30 (a) | 375,000 | 376,396 |
| Principal Life Global Funding II | ||
| 4.60%, due 8/19/27 (a) | 635,000 | 636,061 |
| 2,325,540 | ||
| Internet 1.5% | ||
| Match Group Holdings II LLC | ||
| 4.125%, due 8/1/30 (a) | 215,000 | 201,161 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Internet | ||
| Meta Platforms, Inc. | ||
| 4.20%, due 11/15/30 | $ 1,020,000 | $ 988,614 |
| 1,189,775 | ||
| Investment Companies 0.3% | ||
| Antares Holdings LP | ||
| 7.95%, due 8/11/28 (a) | 250,000 | 258,515 |
| Media 0.9% | ||
| CCO Holdings LLC | ||
| 5.375%, due 6/1/29 (a) | 200,000 | 194,233 |
| Charter Communications Operating LLC | ||
| 2.80%, due 4/1/31 | 205,000 | 179,457 |
| 6.10%, due 6/1/29 | 155,000 | 157,307 |
| Sirius XM Radio LLC | ||
| 4.125%, due 7/1/30 (a) | 215,000 | 200,959 |
| 731,956 | ||
| Office & Business Equipment 0.5% | ||
| CDW LLC | ||
| 5.10%, due 3/1/30 | 380,000 | 376,082 |
| Oil & Gas 0.7% | ||
| Hilcorp Energy I LP | ||
| 5.75%, due 2/1/29 (a) | 200,000 | 199,609 |
| Patterson-UTI Energy, Inc. | ||
| 5.15%, due 11/15/29 | 186,000 | 185,529 |
| SM Energy Co. | ||
| 6.75%, due 8/1/29 (a)(d) | 195,000 | 197,829 |
| 582,967 | ||
| Pipelines 1.9% | ||
| Cheniere Energy Partners LP | ||
| 4.00%, due 3/1/31 | 265,000 | 252,933 |
| Energy Transfer LP | ||
| 5.55%, due 2/15/28 | 290,000 | 293,562 |
| ONEOK, Inc. | ||
| 5.55%, due 11/1/26 | 265,000 | 265,574 |
| Plains All American Pipeline LP | ||
| 4.70%, due 1/15/31 | 495,000 | 486,624 |
| Venture Global LNG, Inc. | ||
| 9.50%, due 2/1/29 (a) | 180,000 | 192,675 |
| 1,491,368 | ||
| Retail 0.5% | ||
| Macy's Retail Holdings LLC | ||
| 6.125%, due 3/15/32 (a) | 200,000 | 200,597 |
| Principal Amount | Value | |
| Corporate Bonds | ||
| Retail | ||
| Nordstrom, Inc. | ||
| 4.375%, due 4/1/30 | $ 210,000 | $ 200,704 |
| 401,301 | ||
| Semiconductors 1.1% | ||
| Broadcom, Inc. | ||
| 5.05%, due 4/15/30 | 535,000 | 533,736 |
| Intel Corp. | ||
| 4.875%, due 2/10/28 | 320,000 | 320,772 |
| 854,508 | ||
| Software 1.2% | ||
| Fiserv, Inc. | ||
| 4.55%, due 2/15/31 | 400,000 | 387,317 |
| Oracle Corp. | ||
| 2.95%, due 4/1/30 | 635,000 | 571,261 |
| 958,578 | ||
| Telecommunications 0.2% | ||
| PR RNO Property Owner 1 LLC | ||
| 6.50%, due 5/1/31 (a)(d) | 205,000 | 193,032 |
| Total Corporate Bonds (Cost $36,975,902) | 36,787,760 | |
| Mortgage-Backed Securities 13.3% | ||
| Agency (Collateralized Mortgage Obligations) 1.9% | ||
| GNMA | ||
| REMIC, Series 2021-104, Class BI | ||
| 3.00%, due 6/20/51 (e) | 2,491,150 | 492,417 |
| REMIC, Series 2020-74, Class IE | ||
| 3.50%, due 5/16/50 (e) | 2,817,100 | 544,801 |
| REMIC, Series 2023-40, Class DL | ||
| 5.50%, due 3/20/53 | 500,000 | 490,269 |
| 1,527,487 | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) 7.6% | ||
| ALA Trust | ||
| Series 2025-OANA, Class A | ||
| 5.42% (1 Month SOFR + 1.743%), due 6/15/40 (a)(b) | 750,000 | 752,812 |
| BX Commercial Mortgage Trust | ||
| Series 2020-VIV4, Class A | ||
| 2.843%, due 3/9/44 (a) | 370,000 | 340,507 |
| BX Trust (a)(b) | ||
| Series 2025-VLT7, Class A | ||
| 5.376% (1 Month SOFR + 1.70%), due 7/15/44 | 935,000 | 932,370 |
| Series 2025-VOLT, Class A | ||
| 5.376% (1 Month SOFR + 1.70%), due 12/15/44 | 500,000 | 498,749 |
| Principal Amount | Value | |
| Mortgage-Backed Securities | ||
| Commercial Mortgage Loans (Collateralized Mortgage Obligations) | ||
| BX Trust (a)(b) | ||
| Series 2024-BRVE, Class A | ||
| 5.517% (1 Month SOFR + 1.841%), due 4/15/41 | $ 717,304 | $ 717,752 |
| FNMA, ACES | ||
| Series 2019-M12, Class X3 | ||
| 0.606%, due 6/25/29 (e)(f) | 13,000,000 | 209,780 |
| GNMA | ||
| REMIC, Series 2024-32 | ||
| 0.699%, due 6/16/63 (e)(f) | 11,668,421 | 603,155 |
| J.P. Morgan Chase Commercial Mortgage Securities Trust | ||
| Series 2022-NLP, Class A | ||
| 4.523% (1 Month SOFR + 0.847%), due 4/15/37 (a)(b) | 234,819 | 232,911 |
| JPMF1 Multifamily Mortgage Trust | ||
| Series 2026-FX1, Class AS | ||
| 5.617%, due 5/15/59 (f) | 320,000 | 321,239 |
| NJ Trust | ||
| Series 2025-WBRK, Class A | ||
| 5.867%, due 3/5/35 (a)(f) | 275,000 | 278,725 |
| NYC Commercial Mortgage Trust | ||
| Series 2025-28L, Class A | ||
| 4.668%, due 11/5/38 (a)(f) | 280,000 | 277,041 |
| ORL Trust | ||
| Series 2024-GLKS, Class A | ||
| 5.169% (1 Month SOFR + 1.493%), due 12/15/39 (a)(b) | 500,000 | 500,625 |
| RFR Trust | ||
| Series 2025-SGRM, Class A | ||
| 5.379%, due 3/11/41 (a)(f) | 230,000 | 230,122 |
| SWCH Commercial Mortgage Trust | ||
| Series 2025-DATA, Class A | ||
| 5.119% (1 Month SOFR + 1.443%), due 2/15/42 (a)(b) | 240,000 | 238,206 |
| 6,133,994 | ||
| Whole Loan (Collateralized Mortgage Obligations) 3.8% | ||
| A&D Mortgage Trust (a) | ||
| Series 2024-NQM5, Class A1 | ||
| 5.699%, due 11/25/69 | 357,633 | 358,000 |
| Series 2023-NQM5, Class A1 | ||
| 7.049%, due 11/25/68 (g) | 428,411 | 429,394 |
| Series 2023-NQM4, Class A1 | ||
| 7.472%, due 9/25/68 (g) | 423,482 | 424,029 |
| GCAT Trust | ||
| Series 2023-NQM3, Class A1 | ||
| 6.889%, due 8/25/68 (a)(g) | 372,126 | 372,139 |
| GS Mortgage-Backed Securities Trust | ||
| Series 2025-DSC2, Class A1 | ||
| 5.038%, due 1/25/66 (a)(g) | 441,775 | 436,635 |
| Principal Amount | Value | ||
| Mortgage-Backed Securities | |||
| Whole Loan (Collateralized Mortgage Obligations) | |||
| OBX Trust | |||
| Series 2025-NQM9, Class A1 | |||
| 5.658%, due 1/25/65 (a)(g) | $ 345,349 | $ 346,267 | |
| PRKCM Trust | |||
| Series 2025-HOME1, Class A1A | |||
| 5.546%, due 2/25/60 (a)(g) | 371,260 | 371,233 | |
| PRPM Trust | |||
| Series 2025-NQM1, Class A1 | |||
| 5.802%, due 11/25/69 (a)(g) | 322,166 | 323,230 | |
| 3,060,927 | |||
| Total Mortgage-Backed Securities (Cost $10,690,255) | 10,722,408 | ||
| U.S. Government & Federal Agencies 24.3% | |||
| United States Treasury Notes 24.3% | |||
| U.S. Treasury Notes | |||
| 4.125%, due 7/15/29 | 9,728,700 | 9,673,976 | |
| 4.25%, due 7/31/28 | 9,935,000 | 9,931,507 | |
| 19,605,483 | |||
| Total U.S. Government & Federal Agencies (Cost $19,638,368) | 19,605,483 | ||
| Total Long-Term Bonds (Cost $78,062,197) | 77,832,471 | ||
| Short-Term Investments 1.1% | |||
| Unaffiliated Investment Companies 1.1% | |||
| Invesco Government & Agency Portfolio, 3.742% (h)(i) | 260,008 | 260,008 | |
| JPMorgan U.S. Government Money Market Fund, 3.622% (h) | 667,150 | 667,150 | |
| Total Short-Term Investments (Cost $927,158) | 927,158 | ||
| Total Investments (Cost $78,989,355) | 97.7% | 78,759,629 | |
| Other Assets, Less Liabilities | 2.3 | 1,836,888 | |
| Net Assets | 100.0% | $ 80,596,517 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| (a) | May be sold to institutional investors only under Rule 144A or securities offered pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended. |
| (b) | Floating rate—Rate shown was the rate in effect as of July 31, 2026. |
| (c) | Fixed to floating rate—Rate shown was the rate in effect as of July 31, 2026. |
| (d) | All or a portion of this security was held on loan. As of July 31, 2026, the aggregate market value of securities on loan was $253,233. The Fund received cash collateral with a value of $260,008. |
| (e) | Collateralized Mortgage Obligation Interest Only Strip—Pays a fixed or variable rate of interest based on mortgage loans or mortgage pass-through securities. The principal amount of the underlying pool represents the notional amount on which the current interest was calculated. The value of these stripped securities may be particularly sensitive to changes in prevailing interest rates and are typically more sensitive to changes in prepayment rates than traditional mortgage-backed securities. |
| (f) | Collateral strip rate—A bond whose interest was based on the weighted net interest rate of the collateral. The coupon rate adjusts periodically based on a predetermined schedule. Rate shown was the rate in effect as of July 31, 2026. |
| (g) | Step coupon—Rate shown was the rate in effect as of July 31, 2026. |
| (h) | Current yield as of July 31, 2026. |
| (i) | Represents a security purchased with cash collateral received for securities on loan. |
| Type | Number of Contracts | Expiration Date | Value at Trade Date | Current Notional Amount | Unrealized Appreciation (Depreciation)2 |
| Long Contracts | |||||
| U.S. Treasury 2 Year Notes | 59 | September 2026 | $ 12,158,708 | $ 12,130,953 | $ (27,755) |
| Short Contracts | |||||
| U.S. Treasury 5 Year Notes | (140) | September 2026 | (14,933,950) | (14,836,719) | 97,231 |
| U.S. Treasury 10 Year Notes | (6) | September 2026 | (653,802) | (648,000) | 5,802 |
| Total Short Contracts | 103,033 | ||||
| Net Unrealized Appreciation | $ 75,278 |
| 1. | As of July 31, 2026, cash in the amount of $193,994 was on deposit with a broker or futures commission merchant for futures transactions. |
| 2. | Represents the difference between the value of the contracts at the time they were opened and the value as of July 31, 2026. |
| Abbreviation(s): |
| ACES—Alternative Credit Enhancement Securities |
| CLO—Collateralized Loan Obligation |
| FNMA—Federal National Mortgage Association |
| GNMA—Government National Mortgage Association |
| REMIC—Real Estate Mortgage Investment Conduit |
| SOFR—Secured Overnight Financing Rate |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Long-Term Bonds | |||||||
| Asset-Backed Securities | $ — | $ 10,716,820 | $ — | $ 10,716,820 | |||
| Corporate Bonds | — | 36,787,760 | — | 36,787,760 | |||
| Mortgage-Backed Securities | — | 10,722,408 | — | 10,722,408 | |||
| U.S. Government & Federal Agencies | — | 19,605,483 | — | 19,605,483 | |||
| Total Long-Term Bonds | — | 77,832,471 | — | 77,832,471 | |||
| Short-Term Investments | |||||||
| Unaffiliated Investment Companies | 927,158 | — | — | 927,158 | |||
| Total Investments in Securities | 927,158 | 77,832,471 | — | 78,759,629 | |||
| Other Financial Instruments | |||||||
| Futures Contracts (b) | 103,033 | — | — | 103,033 | |||
| Total Investments in Securities and Other Financial Instruments | $ 1,030,191 | $ 77,832,471 | $ — | $ 78,862,662 | |||
| Liability Valuation Inputs | |||||||
| Other Financial Instruments | |||||||
| Futures Contracts (b) | $ (27,755) | $ — | $ — | $ (27,755) |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| (b) | The value listed for these securities reflects unrealized appreciation (depreciation) as shown on the Portfolio of Investments. |
| Shares | Value | |
| Common Stocks 99.3% | ||
| France 2.4% | ||
| LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods) | 1,900 | $ 1,041,860 |
| Japan 4.0% | ||
| Keyence Corp. (Electronic Equipment, Instruments & Components) | 3,567 | 1,792,492 |
| Netherlands 5.2% | ||
| ASML Holding NV (Semiconductors & Semiconductor Equipment) | 1,406 | 2,299,141 |
| Spain 1.7% | ||
| Industria de Diseno Textil SA (Specialty Retail) | 11,300 | 740,676 |
| Switzerland 7.5% | ||
| Cie Financiere Richemont SA (Registered) (Textiles, Apparel & Luxury Goods) | 6,553 | 1,548,241 |
| Geberit AG (Registered) (Building Products) | 1,014 | 667,866 |
| Nestle SA (Registered) (Food Products) | 10,966 | 1,095,231 |
| 3,311,338 | ||
| Taiwan 9.4% | ||
| Taiwan Semiconductor Manufacturing Co. Ltd., Sponsored ADR (Semiconductors & Semiconductor Equipment) | 10,281 | 4,156,094 |
| United Kingdom 0.1% | ||
| Diageo plc (Beverages) | 3,017 | 66,416 |
| United States 69.0% | ||
| Alphabet, Inc., Class A (Interactive Media & Services) | 11,741 | 4,181,322 |
| Amazon.com, Inc. (Broadline Retail) (a) | 5,100 | 1,385,058 |
| AutoZone, Inc. (Specialty Retail) (a) | 562 | 1,695,132 |
| Carrier Global Corp. (Building Products) | 15,368 | 949,896 |
| CME Group, Inc. (Capital Markets) | 7,224 | 1,934,515 |
| Copart, Inc. (Commercial Services & Supplies) (a) | 20,300 | 591,136 |
| Graco, Inc. (Machinery) | 8,332 | 661,394 |
| InterContinental Hotels Group plc (Hotels, Restaurants & Leisure) | 10,571 | 1,708,983 |
| Johnson & Johnson (Pharmaceuticals) | 5,004 | 1,282,775 |
| KLA Corp. (Semiconductors & Semiconductor Equipment) | 4,000 | 731,280 |
| Linde plc (Chemicals) | 1,840 | 880,219 |
| Mastercard, Inc., Class A (Financial Services) | 4,310 | 2,470,061 |
| Mettler-Toledo International, Inc. (Life Sciences Tools & Services) (a) | 692 | 980,080 |
| Microsoft Corp. (Software) | 5,201 | 2,417,009 |
| Moody's Corp. (Capital Markets) | 4,365 | 2,088,129 |
| MSCI, Inc. (Capital Markets) | 2,294 | 1,312,719 |
| Otis Worldwide Corp. (Machinery) | 10,262 | 738,351 |
| PepsiCo, Inc. (Beverages) | 6,477 | 903,930 |
| Sherwin-Williams Co. (The) (Chemicals) | 3,550 | 1,210,018 |
| TJX Cos., Inc. (The) (Specialty Retail) | 9,388 | 1,477,108 |
| Shares | Value | ||
| Common Stocks | |||
| United States | |||
| UnitedHealth Group, Inc. (Health Care Providers & Services) | 2,123 | $ 879,771 | |
| 30,478,886 | |||
| Total Common Stocks (Cost $30,509,280) | 43,886,903 | ||
| Total Investments (Cost $30,509,280) | 99.3% | 43,886,903 | |
| Other Assets, Less Liabilities | 0.7 | 299,723 | |
| Net Assets | 100.0% | $ 44,186,626 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry and country classifications may be different than those used for compliance monitoring purposes. |
| (a) | Non-income producing security. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ — | $ 1,173 | $ (1,173) | $ — | $ — | $ — | $ —(a) | $ — | — |
| (a) | Less than $500. |
| Abbreviation(s): |
| ADR—American Depositary Receipt |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Common Stocks | |||||||
| France | $ — | $ 1,041,860 | $ — | $ 1,041,860 | |||
| Japan | — | 1,792,492 | — | 1,792,492 | |||
| Netherlands | — | 2,299,141 | — | 2,299,141 | |||
| Spain | — | 740,676 | — | 740,676 | |||
| Switzerland | — | 3,311,338 | — | 3,311,338 | |||
| United Kingdom | — | 66,416 | — | 66,416 | |||
| United States | 28,769,903 | 1,708,983 | — | 30,478,886 | |||
| All Other Countries | 4,156,094 | — | — | 4,156,094 | |||
| Total Investments in Securities | $ 32,925,997 | $ 10,960,906 | $ — | $ 43,886,903 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Shares | Value | |
| Common Stocks 99.5% | ||
| Australia 1.1% | ||
| Commonwealth Bank of Australia (Banks) | 40,825 | $ 5,076,909 |
| Canada 4.1% | ||
| Canadian National Railway Co. (Ground Transportation) | 88,209 | 11,221,067 |
| Dollarama, Inc. (Broadline Retail) | 60,400 | 8,228,118 |
| 19,449,185 | ||
| France 17.3% | ||
| Air Liquide SA (Chemicals) | 83,377 | 16,420,184 |
| Air Liquide SA, Loyalty Shares (Chemicals) | 74,050 | 14,583,333 |
| EssilorLuxottica SA (Health Care Equipment & Supplies) | 67,316 | 12,796,178 |
| Hermes International SCA (Textiles, Apparel & Luxury Goods) | 3,850 | 6,815,914 |
| L'Oreal SA (Personal Care Products) | 33,786 | 15,062,371 |
| LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods) | 28,102 | 15,409,651 |
| 81,087,631 | ||
| Germany 4.6% | ||
| Rational AG (Machinery) | 12,040 | 9,365,636 |
| SAP SE (Software) | 67,810 | 12,311,297 |
| 21,676,933 | ||
| India 1.2% | ||
| HDFC Bank Ltd., ADR (Banks) | 229,136 | 5,483,224 |
| Japan 6.6% | ||
| Keyence Corp. (Electronic Equipment, Instruments & Components) | 61,920 | 31,116,101 |
| Netherlands 7.8% | ||
| ASML Holding NV (Semiconductors & Semiconductor Equipment) | 22,446 | 36,704,492 |
| Spain 5.9% | ||
| Amadeus IT Group SA (Hotels, Restaurants & Leisure) | 214,904 | 13,357,171 |
| Industria de Diseno Textil SA (Specialty Retail) | 218,500 | 14,321,931 |
| 27,679,102 | ||
| Sweden 1.9% | ||
| Atlas Copco AB, Class A (Machinery) | 432,098 | 9,145,602 |
| Switzerland 13.6% | ||
| Cie Financiere Richemont SA (Registered) (Textiles, Apparel & Luxury Goods) | 98,915 | 23,370,105 |
| Geberit AG (Registered) (Building Products) | 15,044 | 9,908,655 |
| Nestle SA (Registered) (Food Products) | 189,316 | 18,907,959 |
| Schindler Holding AG (Machinery) | 37,532 | 11,822,373 |
| 64,009,092 | ||
| Taiwan 9.9% | ||
| Taiwan Semiconductor Manufacturing Co. Ltd., Sponsored ADR (Semiconductors & Semiconductor Equipment) | 114,534 | 46,300,370 |
| Shares | Value | ||
| Common Stocks | |||
| United Kingdom 11.5% | |||
| Diageo plc (Beverages) | 341,411 | $ 7,515,774 | |
| Howden Joinery Group plc (Trading Companies & Distributors) | 806,526 | 8,584,852 | |
| London Stock Exchange Group plc (Capital Markets) | 233,280 | 26,395,785 | |
| Spirax Group plc (Machinery) | 56,341 | 5,284,936 | |
| Unilever plc (Personal Care Products) | 97,826 | 6,293,008 | |
| 54,074,355 | |||
| United States 14.0% | |||
| Alcon AG (Health Care Equipment & Supplies) | 144,434 | 9,923,186 | |
| Aon plc, Class A (Insurance) | 35,187 | 12,686,673 | |
| InterContinental Hotels Group plc (Hotels, Restaurants & Leisure) | 176,512 | 28,536,182 | |
| S&P Global, Inc. (Capital Markets) | 29,923 | 12,326,181 | |
| Sunbelt Rentals Holdings, Inc. (Trading Companies & Distributors) (a) | 32,292 | 2,326,834 | |
| 65,799,056 | |||
| Total Common Stocks (Cost $321,936,914) | 467,602,052 | ||
| Short-Term Investment 0.3% | |||
| Affiliated Investment Company 0.3% | |||
| United States 0.3% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (b) | 1,363,998 | 1,363,998 | |
| Total Short-Term Investment (Cost $1,363,998) | 1,363,998 | ||
| Total Investments (Cost $323,300,912) | 99.8% | 468,966,050 | |
| Other Assets, Less Liabilities | 0.2 | 1,136,298 | |
| Net Assets | 100.0% | $ 470,102,348 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry and country classifications may be different than those used for compliance monitoring purposes. |
| (a) | All or a portion of this security was held on loan. As of July 31, 2026, the aggregate market value of securities on loan was $553,823. The market value of the collateral held included non-cash collateral in the form of U.S. Treasury securities with a value of $591,819. |
| (b) | Current yield as of July 31, 2026. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ — | $ 70,168 | $ (68,804) | $ — | $ — | $ 1,364 | $ 29 | $ — | 1,364 |
| Abbreviation(s): |
| ADR—American Depositary Receipt |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Common Stocks | |||||||
| Australia | $ — | $ 5,076,909 | $ — | $ 5,076,909 | |||
| France | 32,646,383 | 48,441,248 | — | 81,087,631 | |||
| Germany | — | 21,676,933 | — | 21,676,933 | |||
| Japan | — | 31,116,101 | — | 31,116,101 | |||
| Netherlands | — | 36,704,492 | — | 36,704,492 | |||
| Spain | — | 27,679,102 | — | 27,679,102 | |||
| Sweden | — | 9,145,602 | — | 9,145,602 | |||
| Switzerland | — | 64,009,092 | — | 64,009,092 | |||
| United Kingdom | — | 54,074,355 | — | 54,074,355 | |||
| United States | 25,012,854 | 40,786,202 | — | 65,799,056 | |||
| All Other Countries | 71,232,779 | — | — | 71,232,779 | |||
| Total Common Stocks | 128,892,016 | 338,710,036 | — | 467,602,052 | |||
| Short-Term Investment | |||||||
| Affiliated Investment Company | 1,363,998 | — | — | 1,363,998 | |||
| Total Investments in Securities | $ 130,256,014 | $ 338,710,036 | $ — | $ 468,966,050 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| Shares | Value | |
| Common Stocks 99.8% | ||
| Beverages 2.4% | ||
| PepsiCo, Inc. | 63,009 | $ 8,793,536 |
| Broadline Retail 7.2% | ||
| Amazon.com, Inc. (a) | 98,480 | 26,745,198 |
| Building Products 2.5% | ||
| Carrier Global Corp. | 147,734 | 9,131,439 |
| Capital Markets 14.8% | ||
| CME Group, Inc. | 62,530 | 16,744,909 |
| Moody's Corp. | 55,827 | 26,706,520 |
| MSCI, Inc. | 20,034 | 11,464,256 |
| 54,915,685 | ||
| Chemicals 6.9% | ||
| Linde plc | 28,268 | 13,522,846 |
| Sherwin-Williams Co. (The) | 35,802 | 12,203,112 |
| 25,725,958 | ||
| Commercial Services & Supplies 2.0% | ||
| Copart, Inc. (a) | 249,200 | 7,256,704 |
| Financial Services 6.4% | ||
| Mastercard, Inc., Class A | 41,726 | 23,913,171 |
| Health Care Providers & Services 3.1% | ||
| UnitedHealth Group, Inc. | 27,823 | 11,529,851 |
| Hotels, Restaurants & Leisure 3.3% | ||
| Hilton Worldwide Holdings, Inc. | 38,340 | 12,287,587 |
| Household Products 2.1% | ||
| Colgate-Palmolive Co. | 84,753 | 7,737,949 |
| Interactive Media & Services 9.8% | ||
| Alphabet, Inc., Class A | 102,699 | 36,574,195 |
| Life Sciences Tools & Services 3.2% | ||
| Mettler-Toledo International, Inc. (a) | 8,515 | 12,059,794 |
| Machinery 3.8% | ||
| Graco, Inc. | 91,902 | 7,295,181 |
| Otis Worldwide Corp. | 95,358 | 6,861,008 |
| 14,156,189 | ||
| Shares | Value | ||
| Common Stocks | |||
| Pharmaceuticals 3.2% | |||
| Johnson & Johnson | 46,077 | $ 11,811,839 | |
| Semiconductors & Semiconductor Equipment 9.3% | |||
| Analog Devices, Inc. | 51,008 | 18,740,849 | |
| KLA Corp. | 86,900 | 15,887,058 | |
| 34,627,907 | |||
| Software 9.1% | |||
| Microsoft Corp. | 72,357 | 33,625,745 | |
| Specialty Retail 10.7% | |||
| AutoZone, Inc. (a) | 5,801 | 17,497,266 | |
| Lowe's Cos., Inc. | 43,947 | 9,132,626 | |
| TJX Cos., Inc. (The) | 83,011 | 13,060,951 | |
| 39,690,843 | |||
| Total Common Stocks (Cost $260,341,645) | 370,583,590 | ||
| Short-Term Investment 0.2% | |||
| Affiliated Investment Company 0.2% | |||
| NYLIM U.S. Government Liquidity Fund, 3.585% (b) | 735,313 | 735,313 | |
| Total Short-Term Investment (Cost $735,313) | 735,313 | ||
| Total Investments (Cost $261,076,958) | 100.0% | 371,318,903 | |
| Other Assets, Less Liabilities | 0.0‡ | 133,295 | |
| Net Assets | 100.0% | $ 371,452,198 | |
| † | Percentages indicated are based on Fund net assets. |
| ^ | Industry classifications may be different than those used for compliance monitoring purposes. |
| ‡ | Less than one-tenth of a percent. |
| (a) | Non-income producing security. |
| (b) | Current yield as of July 31, 2026. |
| Affiliated Investment Companies | Value, Beginning of Period | Purchases at Cost | Proceeds from Sales | Net Realized Gain/(Loss) on Sales | Change in Unrealized Appreciation/ (Depreciation) | Value, End of Period | Dividend Income | Other Distributions | Shares End of Period |
| NYLIM U.S. Government Liquidity Fund | $ 1,658 | $ 38,273 | $ (39,196) | $ — | $ — | $ 735 | $ 24 | $ — | 735 |
| Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
| Asset Valuation Inputs | |||||||
| Investments in Securities (a) | |||||||
| Common Stocks | $ 370,583,590 | $ — | $ — | $ 370,583,590 | |||
| Short-Term Investment | |||||||
| Affiliated Investment Company | 735,313 | — | — | 735,313 | |||
| Total Investments in Securities | $ 371,318,903 | $ — | $ — | $ 371,318,903 |
| (a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
| • | Level 1—quoted prices (unadjusted) in active markets for an identical asset or liability |
| • | Level 2—other significant observable inputs (including quoted prices for a similar asset or liability in active markets, interest rates and yield curves, prepayment speeds, credit risk, etc.) |
| • | Level 3—significant unobservable inputs (including each Fund's own assumptions about the assumptions that market participants would use in measuring fair value of an asset or liability) |
| • Benchmark yields | • Reported trades |
| • Broker/dealer quotes | • Issuer spreads |
| • Two-sided markets | • Benchmark securities |
| • Bids/offers | • Reference data (corporate actions or material event notices) |
| • Industry and economic events | • Comparable bonds |
| • Monthly payment information |