1
Portfolio of Investments July 31, 2026
NAD
(Unaudited)
SHARES
DESCRIPTION
VALUE
LONG-TERM INVESTMENTS - 171.5% (100.0% of Total Investments)
3,699,000
EXCHANGE-TRADED FUNDS - 0.1% (0.1% of Total Investments)
3,699,000
150,000
(a)
Nuveen High Yield Municipal Bond ETF
$
3,699,000
TOTAL EXCHANGE-TRADED FUNDS
(Cost $3,614,437)
3,699,000
SHARES
DESCRIPTION
VALUE
INVESTMENT COMPANIES - 0.0% (0.0% of Total Investments)
–
8,812
BlackRock MuniHoldings Fund, Inc
101,074
32,524
Invesco Quality Municipal Income Trust
321,012
TOTAL INVESTMENT COMPANIES
(Cost $515,456)
422,086
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
4673381745
MUNICIPAL BONDS - 171.4% (99.9% of Total Investments)
4673381745
ALABAMA - 3.3% (1.9% of Total Investments)
$
5,000,000
(b)
Alabama Special Care Facilities Financing Authority, Revenue
Bonds, Ascension Health, Series 2016C
5
.000
%
11/15/46
5,001,714
5,455,000
Alabama State Port Authority, Docks Facilities Revenue Bonds,
Refunding Series 2017A - AGM Insured, (AMT)
5
.000
10/01/34
5,518,892
5,550,000
Alabama State Port Authority, Docks Facilities Revenue Bonds,
Refunding Series 2017A - AGM Insured, (AMT)
5
.000
10/01/35
5,609,913
3,315,000
(c)
Black Belt Energy Gas District, Alabama, Gas Project Revenue
Bonds, Series 2024C, (Mandatory Put 7/01/31)
5
.000
05/01/55
3,481,760
2,000,000
(c)
Black Belt Energy Gas District, Alabama, Gas Project Revenue
Bonds, Series 2025A, (Mandatory Put 5/01/32)
5
.250
05/01/56
2,017,155
10,000,000
(b),(c)
Black Belt Energy Gas District, Alabama, Gas Project Revenue
Bonds, Series 2025A, (Mandatory Put 5/01/32), (UB)
5
.250
05/01/56
10,085,773
3,000,000
(c)
Black Belt Energy Gas District, Alabama, Gas Supply Revenue
Bonds, Series 2023 Sub B-2, (Mandatory Put 12/01/30)
5
.250
12/01/53
3,191,163
5,000,000
Homewood Educational Building Authority, Alabama, Revenue
Bonds, CHF-Horizons I, LLC Recreation Center Project at
Samford University Series 2024A
5
.500
10/01/49
5,084,175
3,250,000
Homewood Educational Building Authority, Alabama, Revenue
Bonds, CHF-Horizons I, LLC Recreation Center Project at
Samford University Series 2024A
5
.500
10/01/54
3,282,081
2,455,000
Jefferson County, Alabama, Sewer Revenue Warrants, Series
2024
5
.250
10/01/49
2,535,279
1,255,000
Limestone County Water & Sewer Authority, Alabama, Water
and Sewer Revenue Bonds, Series 2022
5
.000
12/01/45
1,303,188
2,500,000
Madison Water and Wastewater Board, Alabama, Water and
Sewer Revenue Bonds, Series 2023
5
.250
12/01/53
2,601,779
6,000,000
Mobile County Industrial Development Authority, Alabama,
Solid Waste Disposal Revenue Bonds, AM/NS Calvert LLC
Project, Series 2024B, (AMT)
4
.750
12/01/54
5,615,197
6,665,000
(b),(c)
Southeast Alabama Gas Supply District, Alabama, Gas Supply
Revenue Bonds, Project 2, Refunding Series 2024B, (Mandatory
Put 5/01/32), (UB)
5
.000
06/01/49
6,919,986
10,000,000
Southeast Energy Authority, Alabama, A Cooperative District
Energy Supply Revenue Bonds Series 2024A
5
.000
11/01/35
10,196,155
1,000,000
(c)
Southeast Energy Authority, Alabama, Commodity Supply
Revenue Bonds, Project 3, Fixed Rate Series 2022A-1,
(Mandatory Put 12/01/29)
5
.500
01/01/53
1,057,304
5,000,000
(b),(c)
Southeast Energy Authority, Alabama, Revenue Bonds
Cooperative District Energy Supply Series 2024C, (Mandatory
Put 11/01/32), (UB)
5
.000
10/01/55
5,225,337
5,815,000
(b),(c)
Southeast Energy Authority, Alabama, Revenue Bonds,
Cooperative District Energy Supply Series 2025A, (Mandatory
Put 6/01/35), (UB)
5
.000
01/01/56
5,841,664
Portfolio of Investments July 31, 2026
(continued)
NAD
2
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ALABAMA
(continued)
$
4,287,950
(d)
Tuscaloosa County Industrial Development Authority,
Alabama, Gulf Opportunity Zone Bonds, Hunt Refining Project,
Refunding Series 2019A
5
.250
%
05/01/44
$
4,345,848
TOTAL ALABAMA
88,914,363
ALASKA - 0.1% (0.1% of Total Investments)
1,000,000
Alaska Industrial Development and Export Authority, Power
Revenue Bonds, Snettisham Hydroelectric Project, Refunding
Series 2015, (AMT)
5
.000
01/01/28
1,000,714
1,075,000
Alaska Industrial Development and Export Authority, Power
Revenue Bonds, Snettisham Hydroelectric Project, Refunding
Series 2015, (AMT)
5
.000
01/01/29
1,075,665
300,000
Alaska Industrial Development and Export Authority, Power
Revenue Bonds, Snettisham Hydroelectric Project, Refunding
Series 2015, (AMT)
5
.000
01/01/31
300,113
TOTAL ALASKA
2,376,492
ARIZONA - 3.7% (2.1% of Total Investments)
7,000,000
Arizona Board of Regents, Arizona State University Speed
Revenue Bonds, Stimulus Plan for Economic and Educational
Development, Series 2024
5
.000
08/01/54
7,147,911
1,000,000
Arizona Industrial Development Authority Education Revenue
Bonds, Academies of Math & Science Projects, Series 2023
5
.375
07/01/53
942,737
4,000,000
Arizona Industrial Development Authority, Student Housing
Revenue Bonds, CHF - Arizona, L.L.C. - University of Arizona
Project, Series 2026A - BAM Insured
5
.000
07/01/51
4,070,379
4,330,000
Arizona Industrial Development Authority, Student Housing
Revenue Bonds, CHF - Arizona, L.L.C. - University of Arizona
Project, Series 2026A - BAM Insured
5
.250
07/01/61
4,446,183
4,445,000
Arizona Industrial Development Authority, Student Housing
Revenue Bonds, CHF - Arizona, L.L.C. - University of Arizona
Project, Series 2026A - BAM Insured
5
.000
07/01/65
4,441,518
11,795,000
Maricopa County Industrial Development Authority, Arizona,
Revenue Bonds, Banner Health, Refunding Series 2016A
4
.000
01/01/36
11,851,686
8,825,000
Mesa, Arizona, Utility System Revenue Bonds, Series 2017
4
.000
07/01/38
8,760,339
6,500,000
Phoenix Civic Improvement Corporation, Arizona, Airport
Revenue Bonds, Junior Lien Series 2019B, (AMT)
5
.000
07/01/49
6,499,840
15,935,000
Phoenix Civic Improvement Corporation, Arizona, Airport
Revenue Bonds, Senior Lien Series 2017A, (AMT)
5
.000
07/01/42
16,023,366
7,000,000
(e)
Phoenix Civic Improvement Corporation, Arizona, Revenue
Bonds, Civic Plaza Expansion Project, Series 2005B - FGIC
Insured
5
.500
07/01/39
8,188,106
1,000,000
Pinal County Electrical District 4, Arizona, Electric System
Revenue Bonds, Refunding  Series 2015 - AGM Insured
4
.000
12/01/38
989,499
500,000
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue
Bonds, Citigroup Energy Inc Prepay Contract Obligations,
Series 2007
5
.500
12/01/29
526,618
24,765,000
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue
Bonds, Citigroup Energy Inc Prepay Contract Obligations,
Series 2007
5
.000
12/01/37
25,338,317
1,000,000
(d)
Sierra Vista Industrial Development Authority, Arizona,
Education Facility Revenue Bonds, American Leadership
Academy Project, Series 2024
5
.000
06/15/54
837,224
TOTAL ARIZONA
100,063,723
ARKANSAS - 0.6% (0.3% of Total Investments)
5,020,000
(d)
Arkansas Development Finance Authority, Arkansas,
Environmental Improvement Revenue Bonds, United States
Steel Corporation, Green Series 2022, (AMT)
5
.450
09/01/52
5,093,538
6,550,000
Arkansas Development Finance Authority, Arkansas,
Environmental Improvement Revenue Bonds, United States
Steel Corporation, Green Series 2023, (AMT)
5
.700
05/01/53
6,725,596
3,500,000
(d)
Arkansas Development Finance Authority, Charter School
Revenue Bonds, Academy of Math and Science - Little Rock
Project Series 2024A
7
.000
07/01/59
3,301,470
TOTAL ARKANSAS
15,120,604
3
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CALIFORNIA - 10.5% (6.1% of Total Investments)
$
2,665,000
Alameda Corridor Transportation Authority, California,
Revenue Bonds, Refunding Second Subordinate Lien Series
2022C - AGM Insured
5
.000
%
10/01/52
$
2,720,338
3,500,000
(e)
Alameda Corridor Transportation Authority, California,
Revenue Bonds, Refunding Second Subordinate Lien Series
2022C - AGM Insured
5
.450
10/01/52
2,038,973
2,945,000
(f)
Anaheim Public Financing Authority, California, Lease Revenue
Bonds, Public Improvement Project, Series 1997C - AGM
Insured
0
.000
09/01/27
2,854,957
7,150,000
(f)
Anaheim Public Financing Authority, California, Lease Revenue
Bonds, Public Improvement Project, Series 1997C - AGM
Insured
0
.000
09/01/28
6,723,051
2,455,000
(f)
Anaheim Public Financing Authority, California, Lease Revenue
Bonds, Public Improvement Project, Series 1997C
0
.000
09/01/32
1,989,241
105,000
(f),(g)
Anaheim Public Financing Authority, California, Lease Revenue
Bonds, Public Improvement Project, Series 1997C - AGM
Insured, (ETM)
0
.000
09/01/35
77,209
95,000
(f)
Anaheim Public Financing Authority, California, Lease Revenue
Bonds, Public Improvement Project, Series 1997C - AGM
Insured
0
.000
09/01/35
67,897
1,055,000
(f)
Brisbane School District, San Mateo County, California, General
Obligation Bonds, Election 2003 Series 2005 - AGM Insured
0
.000
07/01/35
759,071
1,365,000
Burbank-Glendale-Pasadena Airport Authority, California,
Airport Revenue Bonds, Senior Series 2026B, (AMT)
4
.625
07/01/51
1,323,779
60,000
(f),(g)
Byron Unified School District, Contra Costa County, California,
General Obligation Bonds, Series 2007B, (ETM)
0
.000
08/01/32
49,029
235,000
(f),(g)
Byron Unified School District, Contra Costa County, California,
General Obligation Bonds, Series 2007B - SYNCORA GTY
Insured, (ETM)
0
.000
08/01/32
192,030
1,405,000
(f)
Byron Unified School District, Contra Costa County, California,
General Obligation Bonds, Series 2007B - SYNCORA GTY
Insured
0
.000
08/01/32
1,130,732
3,685,000
(f)
Calexico Unified School District, Imperial County, California,
General Obligation Bonds, Election of 2004 Series 2005B -
FGIC Insured
0
.000
08/01/31
3,115,947
4,505,000
(f)
Calexico Unified School District, Imperial County, California,
General Obligation Bonds, Election of 2004 Series 2005B -
FGIC Insured
0
.000
08/01/33
3,516,536
4,495,000
(b),(c)
California Community Choice Financing Authority, Clean
Energy Project Revenue Bonds, Green Series 2023G,
(Mandatory Put 4/01/30), (UB)
5
.250
11/01/54
4,694,228
5,000,000
(c)
California Community Choice Financing Authority, Clean
Energy Project Revenue Bonds, Green Series 2024B,
(Mandatory Put 12/01/32)
5
.000
01/01/55
5,105,225
9,000,000
(d)
California Community Housing Agency, Workforce Housing
Revenue Bonds, Annadel Apartments, Series 2019A
5
.000
04/01/49
6,962,235
2,500,000
(d)
California Enterprise Development Authority, Charter School
Revenue Bonds, Norton Science & Language Academy Project,
Series 2021
4
.000
07/01/61
1,810,777
2,855,000
(g)
California Health Facilities Financing Authority, California,
Revenue Bonds, Sutter Health, Refunding Series 2016B, (Pre-
refunded 11/15/26)
5
.000
11/15/46
2,874,567
10,000,000
California Health Facilities Financing Authority, California,
Revenue Bonds, Sutter Health, Refunding Series 2016B
5
.000
11/15/46
10,010,299
16,665,000
California Health Facilities Financing Authority, California,
Revenue Bonds, Sutter Health, Refunding Series 2017A
5
.000
11/15/48
16,859,196
5,000,000
California Infrastructure and Economic Development Bank,
Revenue Bonds, Adventist Health Energy Projects, Series
2024A
5
.250
07/01/49
5,087,097
5,000,000
California Municipal Finance Authority, Revenue Bonds, Linxs
APM Project, Senior Lien Series 2018A, (AMT)
5
.000
12/31/43
5,042,803
3,250,000
California Municipal Finance Authority, Reveue Bonds,
Community Medical Centers, Series 2017A
5
.000
02/01/47
3,250,070
Portfolio of Investments July 31, 2026
(continued)
NAD
4
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CALIFORNIA
(continued)
$
2,930,000
(d)
California School Finance Authority, Charter School Revenue
Bonds, City Charter School Obligated Group, Series 2016A
5
.000
%
06/01/52
$
2,643,629
3,410,000
(d)
California School Finance Authority, Charter School Revenue
Bonds, Russell Westbrook Why Not Academy Obligated
Group, Series 2021A
4
.000
06/01/51
2,546,266
1,500,000
(d)
California School Finance Authority, School Facility Revenue
Bonds, Alliance for College-Ready Public Schools Project,
Series 2016C
5
.000
07/01/46
1,466,966
500,000
California Statewide Communities Development Authority,
California, Revenue Bonds, Loma Linda University Medical
Center, Series 2014A
5
.250
12/01/44
500,111
4,550,000
California Statewide Communities Development Authority,
California, Revenue Bonds, Loma Linda University Medical
Center, Series 2014A
5
.500
12/01/54
4,550,854
1,000,000
(d)
California Statewide Communities Development Authority,
California, Revenue Bonds, Loma Linda University Medical
Center, Series 2016A
5
.000
12/01/46
1,000,047
18,715,000
(d)
California Statewide Communities Development Authority,
California, Revenue Bonds, Loma Linda University Medical
Center, Series 2016A
5
.250
12/01/56
18,716,190
4,890,000
(f)
Clovis Unified School District, Fresno County, California,
General Obligation Bonds, Series 2006B - NPFG Insured
0
.000
08/01/26
4,890,000
1,000,000
(f)
Coachella Valley Unified School District, Riverside County,
California, General Obligation Bonds, Series 2005A - FGIC
Insured
0
.000
08/01/30
880,131
3,000,000
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Wood Creek Apartments,
Mezzanine Lien Series 2021A-2
4
.000
12/01/58
2,252,507
3,500,000
(f)
Foothill/Eastern Transportation Corridor Agency, California, Toll
Road Revenue Bonds, Refunding Senior Lien Series 2015A -
AGM Insured
0
.000
01/15/34
2,661,234
9,000,000
(f)
Golden State Tobacco Securitization Corporation, California,
Tobacco Settlement Asset-Backed Bonds, Capital Appreciation
Series 2021B-2
0
.000
06/01/66
844,530
1,260,000
(f)
Huntington Beach Union High School District, Orange County,
California, Certificates of Participation, Capital Project, Series
2007 - AGM Insured
0
.000
09/01/35
897,329
5,240,000
(f)
Huntington Beach Union High School District, Orange County,
California, General Obligation Bonds, Series 2005 - AGM
Insured
0
.000
08/01/30
4,628,237
2,500,000
(f)
Huntington Beach Union High School District, Orange County,
California, General Obligation Bonds, Series 2007 - FGIC
Insured
0
.000
08/01/32
2,040,625
5,000,000
(f)
Inland Empire Tobacco Securitization Authority, California,
Tobacco Settlement Asset-Backed Bonds, Series 2007C-1.
Turbo Capital Appreciation
0
.000
06/01/36
2,509,333
1,045,000
(f)
Lake Tahoe Unified School District, El Dorado County,
California, General Obligation Bonds, Series 2001B - NPFG
Insured
0
.000
08/01/31
890,163
10,000,000
(b)
Los Angeles Department of Airports, California, Revenue
Bonds, Los Angeles International Airport, Senior Green Series
2022G, (AMT), (UB)
5
.000
05/15/47
10,166,453
40,000
(g)
Los Angeles Department of Airports, California, Revenue
Bonds, Los Angeles International Airport, Subordinate Lien
Series 2021D, (Pre-refunded 11/15/31), (AMT)
5
.000
05/15/46
43,349
12,835,000
Los Angeles Department of Airports, California, Revenue
Bonds, Los Angeles International Airport, Subordinate Lien
Series 2021D, (AMT)
5
.000
05/15/46
13,079,616
5,955,000
(e)
Mount San Antonio Community College District, Los Angeles
County, California, General Obligation Bonds, Election of 2008,
Series 2013A
0
.000
08/01/43
6,211,642
2,700,000
M-S-R Energy Authority, California, Gas Revenue Bonds,
Citigroup Prepay Contracts, Series 2009A
7
.000
11/01/34
3,158,248
5
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CALIFORNIA
(continued)
$
2,200,000
M-S-R Energy Authority, California, Gas Revenue Bonds,
Citigroup Prepay Contracts, Series 2009C
6
.500
%
11/01/39
$
2,597,225
4,930,000
(f)
Patterson Joint Unified School District, Stanislaus County,
California, General Obligation Bonds, 2008 Election Series
2009B - AGM Insured
0
.000
08/01/42
2,538,680
6,000,000
(f),(g)
Placentia-Yorba Linda Unified School District, Orange County,
California, Certificates of Participation, Series 2006 - FGIC
Insured, (ETM)
0
.000
10/01/34
4,515,560
2,000,000
(f)
Poway Unified School District, San Diego County, California,
General Obligation Bonds, School Facilities Improvement
District 2007-1, Series 2011A
0
.000
08/01/41
1,092,506
5,000,000
(e)
Rialto Unified School District, San Bernardino County,
California, General Obligation Bonds, 2010 Election Series
2011A - AGM Insured
7
.350
08/01/41
6,401,071
4,615,000
(f)
Riverside County Redevelopment Agency, California, Tax
Allocation Bonds, Jurupa Valley Project Area, Series 2011B
0
.000
10/01/38
2,785,489
10,990,000
San Diego County Regional Airport Authority, California,
Airport Revenue Bonds, Subordinate Series 2021B, (AMT)
5
.000
07/01/46
11,172,052
5,845,000
(b)
San Francisco Airport Commission, California, Revenue Bonds,
San Francisco International Airport, Second Series 2025D,
(AMT), (UB)
5
.500
05/01/55
6,141,779
10,175,000
San Francisco Airports Commission, California, Revenue Bonds,
San Francisco International Airport, Refunding Second Series
2019A, (AMT)
5
.000
05/01/49
10,210,625
10,000,000
San Francisco Airports Commission, California, Revenue Bonds,
San Francisco International Airport, Second Series 2017A,
(AMT)
5
.000
05/01/42
10,053,145
11,000,000
San Francisco Airports Commission, California, Revenue Bonds,
San Francisco International Airport, Second Series 2019E,
(AMT)
5
.000
05/01/45
11,168,668
12,285,000
San Francisco Airports Commission, California, Revenue Bonds,
San Francisco International Airport, Second Series 2019E,
(AMT)
5
.000
05/01/50
12,316,076
735,000
(d)
San Francisco City and County, California, Special Tax
Bonds, Community Facilities District 2016-1 Treasure Island
Improvement Area 2, Series 2023A
5
.000
09/01/43
745,272
315,000
San Joaquin Hills Transportation Corridor Agency, Orange
County, California, Toll Road Revenue Bonds, Refunding Junior
Lien Series 2014B
5
.250
01/15/44
315,113
5,000,000
San Jose, California, Airport Revenue Bonds, Refunding Series
2017A, (AMT)
5
.000
03/01/41
5,022,611
5,000,000
San Jose, California, Airport Revenue Bonds, Refunding Series
2017A, (AMT)
5
.000
03/01/47
5,005,730
14,985,000
(f)
San Ysidro School District, San Diego County, California,
General Obligation Bonds, 1997 Election Series 2012G - AGM
Insured
0
.000
08/01/40
8,057,310
2,460,000
(f)
Santee School District, San Diego County, California, General
Obligation Bonds, Capital Appreciation, Election 2006, Series
2008D - AGC Insured
0
.000
08/01/33
1,940,142
1,145,000
(f)
Southern Kern Unified School District, Kern County, California,
General Obligation Bonds, Series 2006C - AGM Insured
0
.000
11/01/30
994,373
1,175,000
(f)
Southern Kern Unified School District, Kern County, California,
General Obligation Bonds, Series 2010B - AGM Insured
0
.000
11/01/35
855,583
2,410,000
(f)
Victor Elementary School District, San Bernardino County,
California, General Obligation Bonds, Series 2002A - FGIC
Insured
0
.000
08/01/26
2,410,000
3,750,000
(e)
Wiseburn School District, Los Angeles County, California,
General Obligation Bonds, Series 2011B - AGM Insured
7
.300
08/01/36
4,408,168
TOTAL CALIFORNIA
285,579,925
Portfolio of Investments July 31, 2026
(continued)
NAD
6
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
COLORADO - 14.1% (8.2% of Total Investments)
$
2,245,000
Aerotropolis Regional Transportation Authority, Colorado,
Special Revenue Bonds, Series 2019
5
.000
%
12/01/51
$
2,064,132
4,350,000
Aerotropolis Regional Transportation Authority, Colorado,
Special Revenue Bonds, Series 2021
4
.375
12/01/52
3,604,836
1,950,000
Anthem West Metropolitan District, Colorado, General
Obligation Bonds, Refunding Series 2015 - BAM Insured
5
.000
12/01/35
1,952,713
1,000,000
Aviation Station North Metropolitan District 2, Denver County,
Colorado, Limited Tax General Obligation Bonds, Refunding &
Improvement Series 2019A
5
.000
12/01/39
1,002,394
1,850,000
Aviation Station North Metropolitan District 2, Denver County,
Colorado, Limited Tax General Obligation Bonds, Refunding &
Improvement Series 2019A
5
.000
12/01/48
1,764,655
4,195,000
(g)
Boulder Larimer & Weld Counties School District RE-1J Saint
Vrain Valley, Colorado, General Obligation Bonds, Series
2016C, (Pre-refunded 12/15/26)
4
.000
12/15/34
4,215,941
5,500,000
Brighton, Colorado, Water Activity Enterprise Revenue Bonds,
Water System Project, Series 2022
5
.000
06/01/47
5,698,292
1,163,000
(d)
Centerra Metropolitan District 1, Loveland, Colorado, Special
Revenue Bonds, Refunding & Improvement Series 2017
5
.000
12/01/29
1,164,364
2,165,000
Colorado Bridge and Tunnel Enterprise, Colorado, Senior
Infrastructure Revenue Bonds, Series 2024A - AGM Insured
5
.500
12/01/54
2,301,899
6,314,000
Colorado Crossing Metropolitan District 2, Colorado Springs,
California, General Obligation Bonds, Limited Tax Refunding
Series 2020A-1
5
.000
12/01/47
6,117,909
1,500,000
Colorado Crossing Metropolitan District 2, Colorado Springs,
Colorado, Limited Tax General Obligation Bonds, Refunding
Series 2020A-1
5
.000
12/01/50
1,421,136
2,945,000
Colorado Educational and Cultural Facilities Authority, Charter
School Revenue Bonds, Community Leadership Academy, Inc.
Second Campus Project, Series 2013
7
.350
08/01/43
2,947,160
1,715,000
Colorado Educational and Cultural Facilities Authority, Charter
School Revenue Bonds, Flagstaff Academy Project, Refunding
Series 2016
3
.625
08/01/46
1,376,491
700,000
Colorado Educational and Cultural Facilities Authority,
Charter School Revenue Bonds, Peak-to-Peak Charter School,
Refunding Series 2014
5
.000
08/15/30
700,593
3,915,000
Colorado Educational and Cultural Facilities Authority, Charter
School Revenue Bonds, Weld County School District 6 -
Frontier Academy, Refunding & Improvement Series 2016
3
.250
06/01/46
2,922,184
5,530,000
(d)
Colorado Educational and Cultural Facilities Authority, Cultural
Facilities Revenue Bonds, Stanley Project, Senior Lien Series
2025A-1
6
.875
02/01/59
5,772,004
545,000
Colorado Educational and Cultural Facilities Authority, Revenue
Bonds, University Corporation for Atmospheric Research
Project, Refunding Series 2017
3
.625
09/01/31
545,577
1,600,000
Colorado Educational and Cultural Facilities Authority, Revenue
Bonds, University of Denver, Series 2017A
4
.000
03/01/37
1,527,796
7,485,000
Colorado Educational and Cultural Facilities Authority, Revenue
Bonds, University of Denver, Series 2026A
5
.250
03/01/56
7,695,129
2,460,000
(b)
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
AdventHealth Obligated Group, Series 2019A
4
.000
11/15/43
2,305,042
17,905,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
AdventHealth Obligated Group, Series 2021A
4
.000
11/15/46
16,322,073
11,090,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
AdventHealth Obligated Group, Series 2021A
4
.000
11/15/50
9,677,618
5,000,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
CommonSpirit Health, Series 2019A-2
5
.000
08/01/44
5,079,925
5,395,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
CommonSpirit Health, Series 2019A-2
4
.000
08/01/49
4,656,420
10,000,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
CommonSpirit Health, Series 2019A-2 - BAM Insured
4
.000
08/01/49
8,958,399
2,725,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
CommonSpirit Health, Series 2022A
5
.500
11/01/47
2,858,902
7
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
COLORADO
(continued)
$
2,300,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
CommonSpirit Health, Series 2022A
5
.250
%
11/01/52
$
2,356,479
1,640,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
Frasier Meadows Project, Refunding & Improvement Series
2017A
5
.250
05/15/47
1,643,597
2,445,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
Intermountain Healthcare, Series 2024A
5
.000
05/15/54
2,483,125
3,785,000
(g)
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
Parkview Medical Center, Series 2020A, (Pre-refunded 9/01/30)
4
.000
09/01/50
3,949,862
4,535,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
Sanford Health, Series 2019A
5
.000
11/01/44
4,618,861
3,300,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
SCL Health System, Refunding Series 2019A
4
.000
01/01/37
3,276,724
2,535,000
Colorado High Performance Transportation Enterprise, C-470
Express Lanes Revenue Bonds, Senior Lien Series 2017
5
.000
12/31/47
2,482,809
4,500,000
Colorado High Performance Transportation Enterprise, C-470
Express Lanes Revenue Bonds, Senior Lien Series 2017
5
.000
12/31/56
4,346,828
950,000
(g)
Colorado State Board of Governors, Colorado State University
Auxiliary Enterprise System Revenue Bonds, Refunding Series
2017C, (Pre-refunded 3/01/28) - BAM Insured
5
.000
03/01/43
984,007
2,360,000
Colorado State Board of Governors, Colorado State University
Auxiliary Enterprise System Revenue Bonds, Refunding Series
2017E
4
.000
03/01/43
2,214,555
3,420,000
Colorado State, Building Excellent Schools Today, Certificates
of Participation, Series 2020R
4
.000
03/15/45
3,195,196
4,000,000
Colorado State, Building Excellent Schools Today, Certificates
of Participation, Series 2021S
4
.000
03/15/41
3,899,656
2,000,000
Cornerstar Metropolitan District, Arapahoe County, Colorado,
General Obligation Bonds, Limited Tax Convertible to
Unlimited Tax, Refunding Series 2017A
5
.250
12/01/47
1,951,473
18,135,000
(f)
Dawson Trails Metropolitan District 1, Castle Rock, Colorado,
Limited Tax General Obligation Bonds, Special Revenue
Capital Appreciation Turbo, Refunding & Improvement Series
2026
0
.000
12/01/33
10,864,287
4,250,000
Denver City and County, Colorado, Airport System Revenue
Bonds, Series 2022A, (AMT)
4
.125
11/15/53
3,723,130
2,225,000
Denver City and County, Colorado, Airport System Revenue
Bonds, Series 2022D, (AMT)
5
.750
11/15/45
2,393,460
5,000,000
Denver City and County, Colorado, Airport System Revenue
Bonds, Series 2022D, (AMT)
5
.000
11/15/53
5,029,503
11,000,000
Denver City and County, Colorado, Airport System Revenue
Bonds, Subordinate Lien Series 2018A, (AMT)
5
.000
12/01/43
11,130,637
11,750,000
(b)
Denver City and County, Colorado, Airport System Revenue
Bonds, Subordinate Lien Series 2018A, (AMT), (UB)
5
.000
12/01/48
11,687,686
9,040,000
Denver City and County, Colorado, Airport System Revenue
Bonds, Subordinate Lien Series 2018A, (AMT)
5
.250
12/01/48
9,128,097
4,095,000
Denver City and County, Colorado, Dedicated Tax Revenue
Bonds, Current Interest Series 2018A-1
5
.000
08/01/48
4,096,034
2,105,000
Denver City and County, Colorado, Special Facilities Airport
Revenue Bonds, United Airlines, Inc. Project, Refunding Series
2017, (AMT)
5
.000
10/01/32
2,106,649
5,130,000
Denver Convention Center Hotel Authority, Colorado, Revenue
Bonds, Convention Center Hotel, Refunding Senior Lien Series
2016
5
.000
12/01/30
5,151,544
3,900,000
Denver Convention Center Hotel Authority, Colorado, Revenue
Bonds, Convention Center Hotel, Refunding Senior Lien Series
2016
5
.000
12/01/36
3,909,558
3,000,000
Denver Gateway Center Metropolitan District, In the City and
County of Denver, Colorado, General Obligation Limited Tax
Bonds, Series 2018A
5
.625
12/01/48
2,991,761
385,000
(f)
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Capital Appreciation Series 2010A
0
.000
09/01/35
275,623
150,000
(f)
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Capital Appreciation Series 2010A
0
.000
09/01/37
96,953
Portfolio of Investments July 31, 2026
(continued)
NAD
8
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
COLORADO
(continued)
$
75,000
(f)
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Capital Appreciation Series 2010A
0
.000
%
09/01/38
$
45,954
20,000
(f)
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Capital Appreciation Series 2010A
0
.000
09/01/39
11,559
110,000
(f)
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Capital Appreciation Series 2010A
0
.000
09/01/41
57,123
1,045,000
(f)
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Series 2000B - NPFG Insured
0
.000
09/01/29
954,437
2,175,000
(f)
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Series 2000B - NPFG Insured
0
.000
09/01/30
1,917,794
25,050,000
(f)
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Series 2000B - NPFG Insured
0
.000
09/01/31
21,305,183
23,305,000
(f)
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Series 2000B - NPFG Insured
0
.000
09/01/32
19,052,117
100,000
(f)
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Series 2000B - NPFG Insured
0
.000
09/01/33
78,545
12,500,000
(f)
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Series 2006A - NPFG Insured
0
.000
09/01/38
6,830,712
385,000
(f)
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds,
Series 2004A - NPFG Insured
0
.000
09/01/28
362,476
60,000,000
(f)
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds,
Series 2004A - NPFG Insured
0
.000
03/01/36
41,656,488
2,200,000
Eagle River Water and Sanitation District, Eagle County,
Colorado, Enterprise Wastewater Revenue Bonds,
Improvement Series 2020A - AGM Insured
4
.000
12/01/49
1,980,248
8,000,000
Ebert Metropolitan District, Denver Colorado, Limited Tax
General Obligation Bonds, Refunding Series 2018A-1 - BAM
Insured
5
.000
12/01/43
8,144,610
937,000
Erie Highlands Metropolitan District 2, Weld County, Colorado,
General Obligation Bonds, Limited Tax Series 2018A
5
.250
12/01/48
937,173
3,550,000
(d)
Falcon Area Water and Wastewater Authority (El Paso County,
Colorado), Tap Fee Revenue Bonds, Series 2022A
6
.750
12/01/34
3,504,905
2,000,000
Firestone, Colorado, Water Enterprise Revenue Bones, Series
2020 - BAM Insured
4
.000
12/01/45
1,912,806
3,935,000
Flying Horse Metropolitan District 2, El Paso County,
Colorado, General Obligation Limited Tax Bonds, Refunding &
Improvement Series 2020A - AGM Insured
4
.000
12/01/50
3,512,828
2,545,000
(h)
Future Legends Sports Park Business Improvement District,
Colorado, Limited Tax General Obligation Bonds Series 2022A
and Subordinate Limited Tax General Obligation Bonds Series
2022B
1
.500
12/01/52
1,276,655
1,305,000
Goldsmith Metropolitan District, Colorado, General Obligation
Bonds, Refunding Series 2021 - AGM Insured
4
.000
12/01/51
1,161,089
3,130,000
(d)
Hess Ranch Metropolitan District 5, Parker, Colorado, Special
Assessment Revenue Bonds, Special Improvement District 2,
Series 2024
5
.500
12/01/44
3,185,513
2,000,000
Jefferson Center Metropolitan District 2, Arvada, Jefferson
County, Colorado, Special Revenue Bonds, Refunding Series
2026A
6
.000
12/01/56
1,995,825
1,750,000
(d)
Kinston Metropolitan District 5, Loveland, Larimer County,
Colorado, Limited Tax General Obligation Bonds, Refunding
and Improvement Series 2025A
5
.750
12/01/55
1,764,833
1,331,000
Meadowbrook Crossing Metropolitan District, EL Paso County,
Colorado, General Obligation Limited Tax Bonds, Refunding
Series 2020A
5
.250
12/01/49
1,305,964
1,500,000
Meridian Metropolitan District, Douglas County, Colorado,
General Obligation Bonds, Series 2023 - AGM Insured
4
.375
12/01/53
1,384,346
1,750,000
Midtown at Clear Creek Metropolitan District, Adams County,
Colorado, General Obligation Bonds, Refunding Limited Tax
Series 2023A - BAM Insured
5
.000
12/01/53
1,788,819
4,520,000
Northern Colorado Water Conservancy District Building
Corporation, Certificates of Participation, Refunding Series
2021
4
.000
07/01/46
4,219,559
9
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
COLORADO
(continued)
$
3,250,000
Northern Colorado Water Conservancy District Building
Corporation, Certificates of Participation, Refunding Series
2021
4
.000
%
07/01/51
$
2,904,664
1,565,000
Park 70 Metropolitan District, Aurora, Colorado, General
Obligation Bonds, Limited Tax Refunding & Improvement
Series 2016
5
.000
12/01/36
1,566,809
2,100,000
Park 70 Metropolitan District, Aurora, Colorado, General
Obligation Bonds, Limited Tax Refunding & Improvement
Series 2016
5
.000
12/01/46
2,047,993
2,235,000
Park Creek Metropolitan District, Colorado, Senior Limited
Property Tax Supported Revenue Bonds, Series 2019A - AGM
Insured
4
.000
12/01/38
2,177,740
5,300,000
(d)
Peak Metropolitan District 1, Colorado Springs, El Paso County,
Colorado, Limited Tax General Obligation Bonds, Series 2021A
5
.000
12/01/51
4,493,197
700,000
Public Authority for Colorado Energy, Natural Gas Purchase
Revenue Bonds,  Colorado Springs Utilities, Series 2008
6
.500
11/15/38
812,888
750,000
Thompson Crossing Metropolitan District 2, Johnstown,
Larimer County, Colorado, General Obligation Bonds, Limited
Tax Convertible to Unlimited Tax, Series 2016B - AGM Insured
5
.000
12/01/36
753,018
1,050,000
Traditions Metropolitan District 2, Colorado, Limited Tax
General Obligation Bonds, Refunding Series 2016 - BAM
Insured
5
.000
12/01/32
1,055,742
1,000,000
Traditions Metropolitan District 2, Colorado, Limited Tax
General Obligation Bonds, Refunding Series 2016 - BAM
Insured
4
.125
12/01/37
993,283
1,500,000
Trails at Crowfoot Metropolitan District 3, Parker, Colorado,
Limited Tax General Obligation Bonds, Refunding Series
2024A
4
.250
12/01/54
1,350,598
500,000
Transport Metropolitan District 3, In the City of Aurora, Adams
County, Colorado, General Obligation Limited Bonds, Series
2021A-1
5
.000
12/01/51
370,866
5,000,000
(d)
Tree Farm Metropolitan District, Eagle County, Colorado,
General Obligation Limited Tax Bonds, Series 2021
4
.750
12/01/50
4,296,502
2,000,000
Vista Ridge Metropolitan District, In the Town of Erie, Weld
County, Colorado, General Obligation Refunding Bonds, Series
2016A - BAM Insured
4
.000
12/01/36
1,975,061
6,225,000
West Globeville Metropolitan District 1, Denver, Colorado,
General Obligation Limited Tax Bonds, Series 2022
6
.750
12/01/52
6,243,242
7,700,000
(d),(e)
West Globeville Metropolitan District 1, Denver, Colorado,
General Obligation Limited Tax Bonds, Series 2024A-2
8
.000
12/01/54
5,162,234
4,000,000
(d)
Windler Public Improvement Authority, Aurora, Colorado,
Limited Tax Supported Revenue Bonds, Series 2021A-1
4
.125
12/01/51
2,979,714
TOTAL COLORADO
384,172,790
CONNECTICUT - 1.1% (0.7% of Total Investments)
4,940,000
(f)
Aquarion Water Authority, Connecticut, Water System Revenue
Bonds, Capital Appreciation Series 2026C
0
.000
08/01/51
1,365,977
3,220,000
(f)
Aquarion Water Authority, Connecticut, Water System Revenue
Bonds, Capital Appreciation Series 2026C
0
.000
08/01/52
841,614
1,715,000
Aquarion Water Authority, Connecticut, Water System Revenue
Bonds, Series 2026A
5
.250
08/01/45
1,859,526
2,695,000
(f)
Aquarion Water Authority, Connecticut, Water System Revenue
Capital Appreciation  Bonds, Series 2026C
0
.000
08/01/50
788,993
1,790,000
(f)
Aquarion Water Authority, Connecticut, Water System Revenue
Capital Appreciation  Bonds, Subordinate Series 2026E - BAM
Insured
0
.000
08/01/46
669,558
3,160,000
(f)
Aquarion Water Authority, Connecticut, Water System Revenue
Capital Appreciation  Bonds, Subordinate Series 2026E
0
.000
08/01/51
841,622
2,135,000
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, Hartford HealthCare Issue, Series 2021A
4
.000
07/01/51
1,864,878
850,000
(d)
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, McLean Affiliates, Series 2020A
5
.000
01/01/45
776,252
5,355,000
(b)
Connecticut Housing Finance Authority, Housing Mortgage
Finance Program Bonds, Social Series 2024A, (UB)
4
.600
11/15/49
5,149,154
Portfolio of Investments July 31, 2026
(continued)
NAD
10
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CONNECTICUT
(continued)
$
6,410,000
Connecticut State, Special Tax Obligation Bonds,
Transportation Infrastructure Purposes Series 2018A
5
.000
%
01/01/37
$
6,542,757
6,000,000
Connecticut State, Special Tax Obligation Bonds,
Transportation Infrastructure Purposes Series 2018A
5
.000
01/01/38
6,115,955
3,730,000
University of Connecticut, General Obligation Bonds, Series
2020A
5
.000
02/15/41
3,865,671
TOTAL CONNECTICUT
30,681,957
DELAWARE - 0.6% (0.3% of Total Investments)
5,550,000
Delaware Economic Development Authority Retirement
Communities, Revenue Bonds, ACTS Retirement-Life
Communities Series 2023B
5
.250
11/15/53
5,589,319
3,000,000
Delaware Health Facilities Authroity, Revenue Bonds, Beebe
Medical Center Project, Series 2018
5
.000
06/01/50
2,743,421
7,255,000
Delaware Transportation Authority, Revenue Bonds, US 301
Project, Series 2015
5
.000
06/01/55
7,254,906
TOTAL DELAWARE
15,587,646
DISTRICT OF COLUMBIA - 2.2% (1.3% of Total Investments)
51,000,000
(f)
District of Columbia Tobacco Settlement Corporation, Tobacco
Settlement Asset-Backed Bonds, Series 2006A
0
.000
06/15/46
11,123,585
5,000,000
Metropolitan Washington Airports Authority, Virginia,
Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital
improvement Projects, Refunding & Subordinate Lien Series
2019B
5
.000
10/01/47
5,027,284
3,000,000
Metropolitan Washington Airports Authority, Virginia,
Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital
improvement Projects, Refunding & Subordinate Lien Series
2019B
4
.000
10/01/49
2,587,581
5,000,000
Metropolitan Washington Airports Authority, Virginia,
Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital
Improvement Projects, Refunding Second Senior Lien Series
2022A - AGM Insured
4
.000
10/01/52
4,312,879
2,000,000
(f)
Metropolitan Washington Airports Authority, Virginia,
Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital
improvement Projects, Second Senior Lien Series 2009B - AGC
Insured
0
.000
10/01/36
1,322,102
5,000,000
(e),(g)
Metropolitan Washington Airports Authority, Virginia,
Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital
improvement Projects, Second Senior Lien Series 2009C, (Pre-
refunded 10/01/26) - AGC Insured
6
.500
10/01/41
5,030,731
15,800,000
Metropolitan Washington D.C. Airports Authority, Airport
System Revenue Bonds, Refunding Series 2018A, (AMT)
5
.000
10/01/43
15,997,543
3,500,000
Metropolitan Washington D.C. Airports Authority, Airport
System Revenue Bonds, Refunding Series 2023A, (AMT)
5
.250
10/01/48
3,588,669
7,400,000
Metropolitan Washington D.C. Airports Authority, Airport
System Revenue Bonds, Refunding Series 2023A, (AMT)
5
.250
10/01/53
7,540,362
4,000,000
Washington Metropolitan Area Transit Authority, Second Lien
Dedicated Revenue Bonds, Sustainability- Climate Transition,
Series 2024A
5
.250
07/15/59
4,132,556
TOTAL DISTRICT OF COLUMBIA
60,663,292
FLORIDA - 10.8% (6.3% of Total Investments)
1,480,000
Atlantic Beach, Florida, Healthcare Facilities Revenue
Refunding Bonds, Fleet Landing Project, Series 2013A
5
.000
11/15/37
1,480,479
450,000
Bay County, Florida, Educational Facilities Revenue Refunding
Bonds, Bay Haven Charter Academy, Inc. Project, Series 2013A
5
.000
09/01/45
443,556
2,260,000
Bay County, Florida, Educational Facilities Revenue Refunding
Bonds, Bay Haven Charter Academy, Inc. Project, Series 2013A
5
.000
09/01/48
2,195,387
5,000,000
Broward County, Florida, Airport System Revenue Bonds,
Series 2017, (AMT)
5
.000
10/01/47
4,967,632
4,450,000
Cape Coral, Florida, Utility Improvement Assessment Bonds,
North 1 East Area, Series 2026
4
.850
03/01/51
4,350,336
1,090,000
(d)
Capital Trust Agency, Florida, Revenue Bonds, Viera Charter
School Project, Series 2017A
5
.000
10/15/47
1,029,451
11
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
FLORIDA
(continued)
$
3,465,000
(d)
Capital Trust Authority, Florida, Educational Facilities Revenue
Bonds, Babcock Neighborhood School Inc Project, Series 2024
5
.750
%
08/15/49
$
3,361,358
3,250,000
(d)
Capital Trust Authority, Florida, Educational Facilities Revenue
Bonds, IPS Enterprises, Inc. Projects, Refunding Series 2023A
6
.250
06/15/53
3,292,238
5,690,000
Delray Beach, Florida, Water and Sewer Revenue Improvement
Bonds, Series 2025
5
.250
10/01/55
5,984,642
3,000,000
(d)
Florida Development Finance Corporation, Educational
Facilities Revenue Bonds, Florida Charter Foundation Inc.
Projects, Series 2016A
5
.000
07/15/46
2,842,328
175,000
(d)
Florida Development Finance Corporation, Educational
Facilities Revenue Bonds, Renaissance Charter School, Inc.
Projects, Series 2020C
5
.000
09/15/40
169,569
2,000,000
(d)
Florida Development Finance Corporation, Florida, Solid
Waste Disposal Revenue Bonds, Waste Pro USA, Inc. Project,
Series 2019, (AMT)
5
.000
05/01/29
2,012,864
5,000,000
(b)
Florida Development Finance Corporation, Healthcare
Facilities Revenue Bonds, Tampa General Hospital Project,
Series 2024A, (UB)
5
.250
08/01/49
5,144,141
2,265,000
Florida Development Finance Corporation, Healthcare
Facilities Revenue Bonds, Tampa General Hospital Project,
Series 2026A. Fixed Mode
5
.250
08/01/51
2,342,976
3,780,000
(d)
Florida Development Finance Corporation, Revenue Bonds,
Brightline Florida Passenger Rail Expansion Project, Brightline
Trains Florida LLC Issue, Series 2024, (AMT), (Mandatory Put
7/15/28)
12
.000
07/15/32
519,258
4,200,000
Florida Development Finance Corporation, Revenue Bonds,
Brightline Florida Passenger Rail Expansion Project, Brightline
Trains Florida LLC Issue, Series 2024, (AMT)
5
.000
07/01/41
3,087,000
13,800,000
Florida Development Finance Corporation, Revenue Bonds,
Brightline Florida Passenger Rail Expansion Project, Brightline
Trains Florida LLC Issue, Series 2024 - AGM Insured, (AMT)
5
.000
07/01/44
13,568,785
17,945,000
Florida Development Finance Corporation, Revenue Bonds,
Brightline Florida Passenger Rail Expansion Project, Brightline
Trains Florida LLC Issue, Series 2024, (AMT)
5
.250
07/01/53
17,568,387
11,665,000
(b)
Florida Development Finance Corporation, Revenue Bonds,
Brightline Florida Passenger Rail Expansion Project, Brightline
Trains Florida LLC Issue, Series 2024, (AMT), (UB)
5
.250
07/01/53
11,420,185
5,100,000
Florida Development Finance Corporation, Revenue Bonds,
Brightline Florida Passenger Rail Expansion Project, Brightline
Trains Florida LLC Issue, Series 2024, (AMT)
5
.500
07/01/53
3,748,500
12,790,000
(c),(d)
Florida Development Finance Corporation, Revenue Bonds,
Brightline Florida Passenger Rail Expansion Project, Series
2025B, (AMT), (Mandatory Put 7/30/26)
1
.000
07/01/57
8,313,500
28,705,000
Greater Orlando Aviation Authority, Florida, Orlando Airport
Facilities Revenue Bonds, Priority Subordinated Series 2017A,
(AMT)
5
.000
10/01/42
28,874,179
5,000,000
Hillsborough County Aviation Authority, Florida, Revenue
Bonds, Tampa International Airport, Series 2018E, (AMT)
5
.000
10/01/43
5,062,514
4,000,000
(b)
Hillsborough County Aviation Authority, Florida, Revenue
Bonds, Tampa International Airport, Subordinate Lien Series
2018A, (AMT), (UB)
5
.000
10/01/48
4,004,652
10,305,000
Hillsborough County Aviation Authority, Florida, Tampa
International Airport Customer Facility Charge Revenue Bonds,
Series 2015A
5
.000
10/01/44
10,309,156
10,000,000
Hillsborough County Industrial Development Authority, Florida,
Hospital Revenue Bonds, Florida Health Sciences Center Inc
D/B/A Tampa General Hospital, Series 2020A
4
.000
08/01/55
8,408,335
825,000
(d)
Lake County, Florida, Educational Facilities Revenue Bonds,
Imagine South Lake Charter School Project, Series 2019A
5
.000
01/15/54
691,025
1,500,000
Lauderhill, Florida, Water and Sewer Revenue Bonds, Series
2023 - AGM Insured
5
.000
10/01/53
1,535,208
2,000,000
Miami Health Facilities Authority, Florida, Health Facilities
Revenue Bonds, Miami Jewish Health System Inc. Project,
Series 2017
5
.125
07/01/46
1,760,083
Portfolio of Investments July 31, 2026
(continued)
NAD
12
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
FLORIDA
(continued)
$
10,000,000
Miami, Florida, Special Obligation Non-Ad Valorem Revenue
Bonds, New Administrative Building Series 2023A
5
.250
%
03/01/53
$
10,380,381
10,050,000
(b)
Miami-Dade County Educational Facilities Authority, Florida,
Revenue Bonds, University of Miami, Series 2018A, (UB)
5
.000
04/01/53
10,051,299
1,500,000
Miami-Dade County Health Facility Authority, Florida, Hospital
Revenue Bonds, Nicklaus Children's Hospital, Refunding Series
2017
5
.000
08/01/42
1,510,282
24,135,000
Miami-Dade County, Florida, Aviation Revenue Bonds,
Refunding Series 2017B, (AMT)
5
.000
10/01/40
24,321,252
7,400,000
(b)
Miami-Dade County, Florida, Aviation Revenue Bonds,
Refunding Series 2019A, (AMT), (UB)
5
.000
10/01/49
7,350,071
1,040,000
(d)
Miami-Dade County, Florida, Special Assessment Revenue
Bonds, Ojus Sanitary Sewer Special Benefit Area, Series 2021
5
.100
07/01/51
1,036,816
16,525,000
(b)
Miami-Dade County, Florida, Transit System Sales Surtax
Revenue Bonds, Series 2022, (UB)
5
.000
07/01/51
16,887,448
6,035,000
Miami-Dade County, Florida, Water and Sewer System
Revenue Bonds, Series 2019B
4
.000
10/01/49
5,367,271
8,000,000
Orange County Health Facilities Authority, Florida, Hospital
Revenue Bonds, Orlando Health Inc. Series 2025A
4
.500
10/01/56
7,553,026
9,500,000
Orange County Health Facilities Authority, Florida, Hospital
Revenue Bonds, Orlando Health Obligated Group, Inc. Series
2025A
5
.250
10/01/56
9,722,088
7,000,000
Orange County Health Facilities Authority, Florida, Hospital
Revenue Bonds, Orlando Health Obligated Group, Inc., Series
2022
4
.000
10/01/52
5,879,761
2,360,000
Osceola County, Florida, Transportation Revenue Bonds,
Osceola Parkway, Refunding & Improvement Series 2019A-1
5
.000
10/01/49
2,334,543
3,260,000
Palm Beach County Health Facilities Authority, Florida,
Retirement Communities Revenue Bonds, ACTS Retirement -
Life Communities, Inc Obligated Group, Series 2016
5
.000
11/15/32
3,266,335
1,360,000
Pine Island Community Development District, Florida, Special
Assessment Bonds, Bella Collina, Series 2004
5
.750
05/01/35
1,360,042
4,635,000
Port Saint Lucie, Florida, Public Service Tax Revenue Bonds,
Recovery Zone Facility Bond Series 2014B
5
.000
09/01/43
4,637,905
2,500,000
Putnam County Development Authority, Florida, Pollution
Control Revenue Bonds, Seminole Electric Cooperatice, Inc.
Project, Refunding Series 2018A
5
.000
03/15/42
2,523,333
2,000,000
South Miami Health Facilities Authority, Florida, Hospital
Revenue Bonds, Baptist Health Systems of South Florida
Obligated Group, Refunding Series 2017
5
.000
08/15/42
2,019,604
9,770,000
South Miami Health Facilities Authority, Florida, Hospital
Revenue Bonds, Baptist Health Systems of South Florida
Obligated Group, Refunding Series 2017
5
.000
08/15/47
9,834,099
2,000,000
Tallahassee, Florida, Health Facilities Revenue Bonds,
Tallahassee Memorial HealthCare Inc. Project, Refunding Series
2015A
5
.000
12/01/40
2,000,104
900,000
Twisted Oaks Pointe Community Development District, Florida,
Special Assessment Revenue Bonds Assessment Area Three
Project Series 2024
6
.000
05/01/55
919,518
1,500,000
Two Lakes Community Development District, Hialeah, Florida,
Special Assessment Bonds, Series 2024
5
.000
05/01/55
1,437,783
6,510,000
Volusia County Educational Facilities Authority, Florida,
Revenue Bonds, Stetson University Inc. Project, Series 2015
5
.000
06/01/45
6,242,634
TOTAL FLORIDA
295,123,319
GEORGIA - 4.7% (2.7% of Total Investments)
1,890,000
(e)
Atlanta Development Authority, Georgia, Economic
Development Certificates, Gulch Enterprise Zone Project,
Convertible Capital Appreciation Series 2024A-1 Class A
6
.500
12/15/48
1,732,475
1,775,000
Atlanta Development Authority, Georgia, Revenue Bonds, New
Downtown Atlanta Stadium Project, Senior Lien Series 2015A-1
5
.250
07/01/40
1,776,433
3,400,000
(d)
Atlanta Development Authority, Georgia, Revenue Bonds,
Westside Gulch Area Project, Senior Series 2024A-2
5
.500
04/01/39
3,451,151
13
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
GEORGIA
(continued)
$
3,280,000
Atlanta, Georgia, Airport General Revenue Bonds, Series
2019B, (AMT)
5
.000
%
07/01/44
$
3,338,130
14,000,000
(b)
Atlanta, Georgia, Airport General Revenue Bonds, Series
2022B, (AMT), (UB)
5
.000
07/01/52
14,087,823
1,500,000
Atlanta, Georgia, Water and Wastewater Revenue Bonds,
Subordinate Lien Green Series 2026
5
.250
11/01/56
1,587,083
4,975,000
Burke County Development Authority, Georgia, Pollution
Control Revenue Bonds, Oglethorpe Power Corporation Vogtle
Project, Series 2017D
4
.125
11/01/45
4,668,497
2,600,000
Cobb County Kennestone Hospital Authority, Georgia,
Revenue Anticipation Certificates, Wellstar Health System,
Series 2017A
5
.000
04/01/47
2,608,788
3,500,000
Columbia County Hospital Authority, Georgia, Revenue
Anticipation Certificates, WellStar Health System, Inc. Project,
Series 2023B
5
.125
04/01/53
3,559,135
3,575,000
Crisp County Hospital Authority, Georgia, Revenue Anticipation
Certificates, Crisp County Hospital Project, Series 2021
4
.000
07/01/51
3,062,819
145,000
Dalton Development Authority, Georgia, Revenue Certificates,
Hamilton Health Care System Inc., Series 1996 - NPFG Insured
5
.500
08/15/26
145,078
2,000,000
Fulton County Development Authority, Georgia, Revenue
Bonds, Piedmont Healthcare, Inc. Project, Series 2019A
4
.000
07/01/49
1,762,086
1,000,000
Georgia Housing and Finance Authority, Single Family
Mortgage Bonds, Series 2025E
4
.850
12/01/40
1,015,022
3,500,000
Georgia Ports Authority, Revenue Bonds, Series 2021
4
.000
07/01/51
3,227,234
3,285,000
Main Street Natural Gas Inc., Georgia, Gas Supply Revenue
Bonds, Series 2019A
5
.000
05/15/43
3,299,617
27,810,000
Main Street Natural Gas Inc., Georgia, Gas Supply Revenue
Bonds, Series 2019A
5
.000
05/15/49
27,549,437
10,000,000
(c),(d)
Main Street Natural Gas Inc., Georgia, Gas Supply Revenue
Bonds, Series 2022C, (Mandatory Put 11/01/27)
4
.000
08/01/52
10,000,022
17,120,000
Municipal Electric Authority of Georgia, Plant Vogtle Units 3 &
4 Project J Bonds, Series 2015A
5
.000
07/01/60
16,724,692
2,000,000
Municipal Electric Authority of Georgia, Plant Vogtle Units 3 &
4 Project J Bonds, Series 2019A - BAM Insured
5
.000
01/01/49
2,007,525
4,500,000
Municipal Electric Authority of Georgia, Plant Vogtle Units 3 &
4 Project J Bonds, Series 2019A
5
.000
01/01/49
4,494,237
5,330,000
Municipal Electric Authority of Georgia, Plant Vogtle Units 3 &
4 Project M Bonds, Series 19A - AGM Insured
5
.000
01/01/59
5,332,227
4,000,000
Municipal Electric Authority of Georgia, Plant Vogtle Units 3 &
4 Project P Bonds, Series 2022A
5
.500
07/01/63
4,063,380
2,000,000
Municipal Electric Authority of Georgia, Project One Revenue
Bonds, Subordinate Lien Series 2020A
5
.000
01/01/59
1,942,333
3,465,000
Paulding County Hospital Authority, Georgia, Revenue
Anticipation Certificates, WellStar Health System Inc., Series
2022A
5
.000
04/01/42
3,599,634
2,750,000
Savannah-Georgia Convention Center Authority, Convention
Center Hotel Third Tier Revenue Bonds (HMT Pledge), Series
2025C
5
.000
06/01/58
2,758,704
TOTAL GEORGIA
127,793,562
GUAM - 0.4% (0.3% of Total Investments)
1,680,000
Guam Economic Development & Commerce Authority,
Tobacco Settlement Asset-Backed Bonds, Series 2007A
5
.250
06/01/32
1,643,222
2,915,000
Guam Economic Development & Commerce Authority,
Tobacco Settlement Asset-Backed Bonds, Series 2007A
5
.625
06/01/47
2,639,696
245,000
Guam Government Waterworks Authority, Water and
Wastewater System Revenue Bonds, Series 2016
5
.000
07/01/27
245,232
1,240,000
Guam Government Waterworks Authority, Water and
Wastewater System Revenue Bonds, Series 2016
5
.000
01/01/46
1,240,161
2,000,000
Guam Government, Limited Obligation Section 30 Revenue
Bonds, Series 2016A
5
.000
12/01/33
2,002,551
2,260,000
Guam Government, Limited Obligation Section 30 Revenue
Bonds, Series 2016A
5
.000
12/01/34
2,262,988
Portfolio of Investments July 31, 2026
(continued)
NAD
14
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
GUAM
(continued)
$
1,175,000
Guam Government, Limited Obligation Section 30 Revenue
Bonds, Series 2016A
5
.000
%
12/01/46
$
1,128,698
355,000
Guam Port Authority, Port Revenue Bonds, Private Activity
Series 2018B, (AMT)
5
.000
07/01/33
360,816
TOTAL GUAM
11,523,364
HAWAII - 0.6% (0.4% of Total Investments)
6,000,000
Hawaii Department of Budget and Finance, Special Purpose
Revenue Bonds, Hawaiian Electric Company, Inc. and
Subsidiary Projects, Refunding Series 2017B, (AMT)
4
.000
03/01/37
5,772,131
6,000,000
Hawaii State, Airport System Revenue Bonds, Series 2022,
(AMT)
5
.000
07/01/38
6,325,933
5,000,000
Hawaii State, General Obligation Bonds, Series 2017FK
4
.000
05/01/35
5,003,115
TOTAL HAWAII
17,101,179
IDAHO - 0.7% (0.4% of Total Investments)
11,205,000
Idaho Health Facilities Authority, Hospital Revenue Bonds, CHE
Trinity Helath Group, Series 2017ID
5
.000
12/01/46
11,259,081
1,700,000
Idaho Health Facilities Authority, Revenue Bonds, Madison
Memorial Hospital Project, Refunding Series 2016
5
.000
09/01/29
1,700,443
4,040,000
(d)
Idaho Housing and Finance Association, Nonprofit Facilities
Revenue Bonds, Doral Academy of Idaho, Series 2021A
5
.000
07/15/56
3,063,487
1,155,000
Idaho Water Resource Board, Water Resource Loan Program
Revenue, Ground Water Rights Mitigation Series 2012A
4
.750
09/01/26
1,155,492
310,000
Idaho Water Resource Board, Water Resource Loan Program
Revenue, Ground Water Rights Mitigation Series 2012A
5
.000
09/01/32
310,322
2,285,000
(d)
Spring Valley Community Infrastructure District 1, Eagle, Idaho,
Special Assessment Bonds, Series 2021
3
.750
09/01/51
2,185,739
TOTAL IDAHO
19,674,564
ILLINOIS - 12.1% (7.0% of Total Investments)
4,325,000
(f)
Chicago Board of Education, Illinois, Unlimited Tax General
Obligation Bonds, Dedicated Tax Revenues, Series 1998B-1 -
FGIC Insured
0
.000
12/01/29
3,804,504
4,235,000
(f)
Chicago Board of Education, Illinois, Unlimited Tax General
Obligation Bonds, Dedicated Tax Revenues, Series 1998B-1 -
FGIC Insured
0
.000
12/01/31
3,406,484
3,110,000
Chicago Board of Education, Illinois, Unlimited Tax General
Obligation Bonds, Dedicated Tax Revenues, Series 1999A -
NPFG Insured
5
.500
12/01/26
3,124,084
7,540,000
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue
Bonds, Refunding Project Second Lien Series 2026A
5
.250
12/01/51
7,879,672
2,500,000
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue
Bonds, Second Lien Series 2022A
5
.000
12/01/52
2,519,590
1,000,000
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue
Bonds, Second Lien Series 2022A
5
.000
12/01/57
1,008,100
13,585,000
Chicago, Illinois, General Airport Revenue Bonds, O'Hare
International Airport, Refunding Senior Lien Series 2018A
5
.000
01/01/48
13,584,599
2,000,000
Chicago, Illinois, General Airport Revenue Bonds, O'Hare
International Airport, Senior Lien Series 2016F - BAM Insured
4
.250
01/01/47
1,890,259
4,000,000
(b)
Chicago, Illinois, General Airport Revenue Bonds, O'Hare
International Airport, Senior Lien Series 2022A, (UB)
4
.625
01/01/53
3,804,640
8,010,000
(b)
Chicago, Illinois, General Airport Revenue Bonds, O'Hare
International Airport, Senior Lien Series 2022A, (UB)
5
.500
01/01/55
8,177,826
5,000,000
(b)
Chicago, Illinois, General Airport Revenue Bonds, O'Hare
International Airport, Senior Lien Series 2024B, (UB)
5
.500
01/01/59
5,239,910
2,500,000
Chicago, Illinois, General Airport Revenue Bonds, O'Hare
International Airport, Senior Lien Series 2025E - BAM Insured
5
.000
01/01/60
2,490,088
5,000,000
Chicago, Illinois, General Airport Revenue Bonds, O'Hare
International Airport, Senior Lien Series 2026A
5
.250
01/01/56
5,159,773
20,640,000
(b)
Chicago, Illinois, General Airport Revenue Bonds, O'Hare
International Airport, Senior Lien Series 2026A, (UB)
5
.250
01/01/61
21,134,163
4,115,000
(f)
Chicago, Illinois, General Obligation Bonds, City Colleges,
Series 1999 - FGIC Insured
0
.000
01/01/33
3,157,309
29,600,000
(f)
Chicago, Illinois, General Obligation Bonds, City Colleges,
Series 1999 - FGIC Insured
0
.000
01/01/38
17,418,786
15
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ILLINOIS
(continued)
$
1,390,000
Chicago, Illinois, General Obligation Bonds, Series 2019A
5
.000
%
01/01/40
$
1,359,149
9,240,000
Chicago, Illinois, General Obligation Bonds, Series 2019A
5
.500
01/01/49
9,249,757
3,515,000
(b)
Chicago, Illinois, General Obligation Bonds, Series 2019A, (UB)
5
.500
01/01/49
3,518,712
3,280,000
Chicago, Illinois, General Obligation Bonds, Series 2024A
5
.250
01/01/45
3,192,739
5,090,000
Chicago, Illinois, Wastewater Transmission Revenue Bonds,
Second Lien Series 2001A - NPFG Insured
5
.500
01/01/30
5,313,065
3,250,000
Chicago, Illinois, Water Revenue Bonds, Project Series 2026A -
BAM Insured
5
.250
11/01/61
3,364,211
1,815,000
Chicago, Illinois, Water Revenue Bonds, Project Series 2026A
5
.000
11/01/64
1,807,388
5,000,000
(b)
Chicago, Illinois, Water Revenue Bonds, Project Series 2026A -
BAM Insured, (UB)
5
.000
11/01/64
5,064,519
1,275,000
Cook County Community College District 508, Illinois, General
Obligation Bonds, Chicago City Colleges, Dedicated Revenues
Series 2026 - BAM Insured
5
.500
12/01/51
1,332,163
4,500,000
Cook County Community College District 508, Illinois, General
Obligation Bonds, Chicago City Colleges, Series 2017
5
.000
12/01/47
4,511,740
7,500,000
(b)
Cook County Community College District 508, Illinois, General
Obligation Bonds, Chicago City Colleges, Series 2017, (UB)
5
.000
12/01/47
7,519,566
3,000,000
Cook County, Illinois, General Obligation Bonds, Refunding
Series 2016A
5
.000
11/15/31
3,014,997
500,000
Cook County, Illinois, General Obligation Bonds, Refunding
Series 2018
5
.000
11/15/34
502,243
5,000,000
Illinois Educational Facilities Authority, Revenue Bonds, Field
Museum of Natural History, Series 2002.RMKT
4
.450
11/01/36
5,028,500
815,000
Illinois Educational Facilities Authority, Revenue Bonds, Field
Museum of Natural History, Series 2002.RMKT
4
.500
11/01/36
814,971
2,785,000
Illinois Educational Facilities Authority, Revenue Bonds, Field
Museum of Natural History, Series 2002.RMKT
5
.500
11/01/36
2,789,690
345,000
(g)
Illinois Finance Authority, Revenue Bonds, Ascension Health
Alliance, Series 2016C, (Pre-refunded 2/15/27)
5
.000
02/15/33
349,161
2,155,000
Illinois Finance Authority, Revenue Bonds, Ascension Health
Alliance, Series 2016C
5
.000
02/15/33
2,171,355
10,730,000
Illinois Finance Authority, Revenue Bonds, OSF Healthcare
System, Series 2015A
5
.000
11/15/45
10,579,479
5,000,000
(b)
Illinois Finance Authority, Revenue Bonds, University of
Chicago Medicine, Series 2022A, (UB)
5
.000
08/15/52
4,959,435
15,030,000
(b)
Illinois Finance Authority, Revenue Bonds, University of
Chicago, Series 2023A, (UB)
5
.250
05/15/54
15,427,338
1,830,000
Illinois Sports Facility Authority, State Tax Supported Bonds,
Refunding Series 2014 - AGM Insured
5
.250
06/15/32
1,832,754
450,000
Illinois State, General Obligation Bonds, December Series
2017A
5
.000
12/01/39
454,770
2,500,000
Illinois State, General Obligation Bonds, December Series
2023C
5
.000
12/01/43
2,581,231
3,500,000
Illinois State, General Obligation Bonds, January Series 2016
5
.000
01/01/29
3,504,710
8,250,000
Illinois State, General Obligation Bonds, January Series 2016
5
.000
01/01/32
8,258,728
4,200,000
Illinois State, General Obligation Bonds, June Series 2016
5
.000
06/01/27
4,206,193
2,000,000
Illinois State, General Obligation Bonds, June Series 2022A
5
.500
03/01/42
2,122,524
785,000
Illinois State, General Obligation Bonds, June Series 2022A
5
.500
03/01/47
816,290
11,485,000
Illinois State, General Obligation Bonds, March Series 2021A
5
.000
03/01/46
11,633,916
1,635,000
Illinois State, General Obligation Bonds, May Series 2020
5
.500
05/01/30
1,712,347
5,305,000
Illinois State, General Obligation Bonds, May Series 2020
5
.500
05/01/39
5,574,848
3,000,000
Illinois State, General Obligation Bonds, May Series 2020
5
.750
05/01/45
3,141,513
2,085,000
Illinois State, General Obligation Bonds, May Series 2023B
5
.250
05/01/43
2,170,948
4,525,000
Illinois State, General Obligation Bonds, May Series 2023B
5
.500
05/01/47
4,706,384
1,500,000
Illinois State, General Obligation Bonds, November Series
2016
5
.000
11/01/37
1,503,129
3,510,000
Illinois State, General Obligation Bonds, October Series 2016
5
.000
02/01/27
3,546,321
8,865,000
Illinois State, General Obligation Bonds, October Series 2022C
5
.500
10/01/41
9,470,543
4,685,000
Illinois Toll Highway Authority, Toll Highway Revenue Bonds,
Senior Lien Series 2015A
5
.000
01/01/40
4,700,114
7,770,000
Illinois Toll Highway Authority, Toll Highway Revenue Bonds,
Senior Lien Series 2021A
4
.000
01/01/42
7,519,243
Portfolio of Investments July 31, 2026
(continued)
NAD
16
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ILLINOIS
(continued)
$
10,000,000
Illinois Toll Highway Authority, Toll Highway Revenue Bonds,
Senior Lien Series 2021A
5
.000
%
01/01/46
$
10,351,011
5,000,000
Illinois Toll Highway Authority, Toll Highway Revenue Bonds,
Senior Series 2023A
5
.250
01/01/45
5,311,651
1,890,000
Metropolitan Pier and Exposition Authority, Illinois, McCormick
Place Expansion Project Bonds, Refunding Series 2015B
5
.000
06/15/52
1,844,154
19,490,000
(b)
Metropolitan Pier and Exposition Authority, Illinois, McCormick
Place Expansion Project Bonds, Refunding Series 2020A, (UB)
5
.000
06/15/50
19,347,232
1,000,000
Metropolitan Pier and Exposition Authority, Illinois, McCormick
Place Expansion Project Bonds, Series 2015A
5
.500
06/15/53
1,000,082
3,280,000
Metropolitan Pier and Exposition Authority, Illinois, McCormick
Place Expansion Project Bonds, Series 2017A
5
.000
06/15/57
3,231,920
5,000,000
(f)
Metropolitan Pier and Exposition Authority, Illinois, Revenue
Bonds, McCormick Place Expansion Project, Series 2002A -
NPFG Insured
0
.000
12/15/34
3,598,084
1,100,000
(f)
Metropolitan Pier and Exposition Authority, Illinois, Revenue
Bonds, McCormick Place Expansion Project, Series 2002A -
NPFG Insured
0
.000
12/15/35
754,551
3,805,000
(f)
Metropolitan Pier and Exposition Authority, Illinois, Revenue
Bonds, McCormick Place Expansion Project, Series 2002A -
NPFG Insured
0
.000
06/15/41
1,931,356
1,350,000
Northern Illinois University, Auxiliary Facilities System Revenue
Bonds, Refunding Series 2020B - BAM Insured
4
.000
04/01/41
1,239,894
2,495,000
Sangamon County School District 186 Springfield, Illinois,
General Obligation Bonds, Alternate Revenue Source Series
2023 - AGM Insured
5
.500
06/01/58
2,584,559
2,500,000
Sangamon County Water Reclamation District, Illinois, General
Obligation Bonds Alternate Revenue Source, Project &
Refunding Series 2019A - BAM Insured
4
.000
01/01/44
2,364,044
TOTAL ILLINOIS
328,685,009
INDIANA - 1.2% (0.7% of Total Investments)
1,480,000
(d)
Gary Local Public Improvement Bond Bank, Indiana, Economic
Development Revenue Bonds, Drexel Foundation for
Educational Excellence Project, Refunding Series 2020A
5
.875
06/01/55
1,312,939
625,000
Indiana Finance Authority, Educational Facilities Revenue
Bonds, Seven Oaks Classical School Project, Series 2021A
5
.000
06/01/51
529,256
1,430,000
Indiana Finance Authority, Health System Revenue Bonds,
Franciscan Alliance, Inc Obligated Group, Series 2016A
5
.000
11/01/51
1,431,223
3,950,000
Indiana Finance Authority, Hospital Revenue Bonds, Indiana
University Health Obligation Group, Fixed Rate Series 2023A
5
.000
10/01/46
4,102,516
3,000,000
Indiana Finance Authority, Hospital Revenue Bonds, Indiana
University Health Series 2025C
5
.250
10/01/44
3,203,469
2,500,000
Indiana Finance Authority, Indiana, Health Facilities Project
Revenue Bonds, Baptist Healthcare System Obligated Group,
Series 2017A
5
.000
08/15/51
2,505,039
4,500,000
Indiana Finance Authority, Wastewater Utility Revenue Bonds,
CWA Authority Project, Series 2012A
4
.000
10/01/42
4,073,450
2,605,000
(b)
Indiana Housing and Community Development Authority,
Single Family Mortgage Revenue Bonds, Social Series 2024A-
1, (UB)
4
.650
07/01/49
2,527,685
8,150,000
(b)
Indiana Housing and Community Development Authority,
Single Family Mortgage Revenue Bonds, Social Series 2024A-
1, (UB)
4
.750
07/01/54
8,002,356
2,000,000
Indianapolis Local Public Improvement Bond Bank, Indiana,
Community Justice Campus Bonds, Courthouse & Jail Project,
Series 2019A
3
.840
02/01/54
1,725,656
1,000,000
Indianapolis Local Public Improvement Bond Bank, Indiana,
Revenue Bonds, Convention Center Hotel Senior Series 2023E
6
.000
03/01/53
1,028,723
3,460,000
Indianapolis Local Public Improvement Bond Bank, Indiana,
Revenue Bonds, Convention Center Hotel Subordinate Series
2023F-1 - BAM Insured
5
.000
03/01/53
3,530,100
TOTAL INDIANA
33,972,412
17
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
IOWA - 1.0% (0.6% of Total Investments)
$
2,550,000
Iowa Finance Authority Senior Living Facilities Revenue Bonds,
Sunrise Retirement Community Project, Refunding Series 2021
5
.000
%
09/01/41
$
2,179,335
2,000,000
Iowa Finance Authority Senior Living Facilities Revenue Bonds,
Sunrise Retirement Community Project, Refunding Series 2021
5
.000
09/01/51
1,498,393
7,505,000
Iowa Finance Authority, Iowa, Midwestern Disaster Area
Revenue Bonds, Alcoa Inc. Project, Series 2012
4
.750
08/01/42
7,512,204
9,535,000
(g)
Iowa Finance Authority, Iowa, Midwestern Disaster Area
Revenue Bonds, Iowa Fertilizer Company Project, Refunding
Series 2022, (Pre-refunded 12/01/32)
5
.000
12/01/50
10,585,890
6,235,000
Iowa State, Hospital Revenue Bonds, University of Iowa
Hospitals and Clinics, SUI Series 2022A
4
.000
09/01/36
6,272,411
TOTAL IOWA
28,048,233
KANSAS - 0.5% (0.3% of Total Investments)
6,770,000
Lawrence, Kansas, Hospital Revenue Bonds, Lawrence
Memorial Hospital, Series 2018A
5
.000
07/01/43
6,800,302
7,600,000
Lawrence, Kansas, Hospital Revenue Bonds, Lawrence
Memorial Hospital, Series 2018A
5
.000
07/01/48
7,585,911
TOTAL KANSAS
14,386,213
KENTUCKY - 1.1% (0.6% of Total Investments)
1,815,000
Kentucky Bond Development Corporation, Revenue Bonds,
University of Kentucky Central Utility Plant Project, Senior
Series 2026A
5
.500
10/31/56
1,898,106
6,000,000
Kentucky Economic Development Finance Authority, Hospital
Revenue Bonds, Owensboro Health, Refunding Series 2017A
5
.000
06/01/45
5,950,355
4,790,000
(e)
Kentucky Public Transportation Infrastructure Authority, Toll
Revenue Bonds, Downtown Crossing Project, Convertible
Capital Appreciation First Tier Series 2013C
6
.750
07/01/43
5,289,994
3,655,000
(e)
Kentucky Public Transportation Infrastructure Authority, Toll
Revenue Bonds, Downtown Crossing Project, Convertible
Capital Appreciation First Tier Series 2013C
6
.875
07/01/46
4,049,068
5,000,000
Louisville and Jefferson County Metropolitan Government,
Kentucky, Hospital Revenue Bonds, UofL Health Project, Series
2022A
5
.000
05/15/52
4,751,520
7,100,000
(b),(c)
Public Energy Authority of Kentucky, Gas Supply Revenue
Bonds, Series 2024A-1, (Mandatory Put 7/01/30), (UB)
5
.000
05/01/55
7,359,306
TOTAL KENTUCKY
29,298,349
LOUISIANA - 2.3% (1.3% of Total Investments)
3,130,000
Jefferson Sales Tax District, Jefferson Parish, Louisiana, Special
Sales Tax Revenue Bonds, Series 2017B - AGM Insured
5
.000
12/01/42
3,170,842
4,000,000
Louisiana Local Government Environmental Facilities and
Community Development Authority, Louisiana, Revenue
Bonds, Womans Hospital Foundation Project, Refunding Series
2017A
5
.000
10/01/44
4,030,937
10,000,000
Louisiana Publc Facilities Authority, Lousiana, Revenue Bonds,
Ochsner Clinic Foundation Project, Refunding Series 2017
5
.000
05/15/46
10,000,955
10,000,000
Louisiana Publc Facilities Authority, Lousiana, Revenue Bonds,
Ochsner Clinic Foundation Project, Series 2020A
4
.000
05/15/49
8,526,077
3,160,000
Louisiana Public Facilities Authority, Louisiana, Revenue Bonds,
Loyola University of New Orleans Project, Refunding Series
2023A
5
.250
10/01/48
3,161,644
5,000,000
Louisiana Public Facilities Authority, Louisiana, Revenue Bonds,
Loyola University of New Orleans Project, Refunding Series
2023A
5
.250
10/01/53
4,894,504
1,000,000
Louisiana Public Facilities Authority, Louisiana, Revenue Bonds,
Ochsner Clinic Foundation Project, Refunding Series 2025A
5
.500
05/15/55
1,045,871
3,000,000
Louisiana Publics Facilities Authority, Louisiana, Revenue
Bonds, I-10 Calcasieu River Bridge Public-Private Partnership
Project, Senior Lien Series 2024, (AMT)
5
.500
09/01/54
3,042,799
6,420,000
Louisiana Publics Facilities Authority, Louisiana, Revenue
Bonds, I-10 Calcasieu River Bridge Public-Private Partnership
Project, Senior Lien Series 2024, (AMT)
5
.500
09/01/59
6,505,574
Portfolio of Investments July 31, 2026
(continued)
NAD
18
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LOUISIANA
(continued)
$
4,500,000
Louisiana Publics Facilities Authority, Louisiana, Revenue
Bonds, I-10 Calcasieu River Bridge Public-Private Partnership
Project, Senior Lien Series 2024, (AMT)
5
.750
%
09/01/64
$
4,633,139
2,000,000
Louisiana Publics Facilities Authority, Louisiana, Revenue
Bonds, I-10 Calcasieu River Bridge Public-Private Partnership
Project, Senior Lien Series 2024, (AMT)
5
.000
09/01/66
1,899,244
10,810,000
Louisiana Stadium and Exposition District, Revenue Bonds,
Senior Series 2023A
5
.000
07/01/48
11,008,929
1,000,000
(d)
Plaquemines Port, Louisiana, Harbor and Terminal District
Facilities Revenue Bonds NOLA Terminal LLC Project Dock and
Wharf Series 2024A
9
.000
12/01/44
500,000
TOTAL LOUISIANA
62,420,515
MAINE - 0.7% (0.4% of Total Investments)
3,820,000
Maine Health and Higher Educational Facilities Authority
Revenue Bonds, Eastern Maine Medical Center Obligated
Group Issue, Series 2016A
4
.000
07/01/41
3,041,506
4,000,000
Maine Health and Higher Educational Facilities Authority
Revenue Bonds, Eastern Maine Medical Center Obligated
Group Issue, Series 2016A
5
.000
07/01/41
3,734,929
5,480,000
Maine Health and Higher Educational Facilities Authority
Revenue Bonds, Eastern Maine Medical Center Obligated
Group Issue, Series 2016A
4
.000
07/01/46
4,238,174
5,595,000
Maine Health and Higher Educational Facilities Authority
Revenue Bonds, Eastern Maine Medical Center Obligated
Group Issue, Series 2016A
5
.000
07/01/46
5,164,444
2,935,000
Maine Health and Higher Educational Facilities Authority
Revenue Bonds, MaineHealth Issue, Series 2018A
5
.000
07/01/48
2,942,534
TOTAL MAINE
19,121,587
MARYLAND - 6.0% (3.5% of Total Investments)
1,710,000
(c)
Anne Arundel County, Maryland, FNMA Multifamily Housing
Revenue Bonds, Glenview Gardens Apartments Project, Series
2009, (Mandatory Put 1/01/27)
5
.000
01/01/28
1,712,445
1,040,000
Anne Arundel County, Maryland, Special Tax District Revenue
Bonds, Villages of Dorchester & Farmington Village Projects,
Series 2013
5
.000
07/01/32
1,040,653
1,000,000
Baltimore County, Maryland, Revenue Bonds, Oak Crest
Village, Series 2016
3
.625
01/01/37
959,153
2,220,000
Baltimore County, Maryland, Revenue Bonds, Oak Crest
Village, Series 2016
5
.000
01/01/37
2,221,331
9,215,000
Baltimore, Maryland, Convention Center Hotel Revenue Bonds,
Refunding Series 2017
5
.000
09/01/42
9,051,941
2,000,000
Baltimore, Maryland, Revenue Bonds, Wastewater Projects,
Subordinate Series 2017A
5
.000
07/01/46
1,975,527
750,000
(g)
Baltimore, Maryland, Revenue Bonds, Water Projects,
Refunding Series 1998A - FGIC Insured, (ETM)
5
.000
07/01/28
770,743
2,500,000
Baltimore, Maryland, Revenue Bonds, Water Projects,
Subordinate Series 2014A
5
.000
07/01/44
2,489,967
6,000,000
Baltimore, Maryland, Revenue Bonds, Water Projects,
Subordinate Series 2017A
5
.000
07/01/41
6,005,207
1,450,000
Baltimore, Maryland, Special Obligation Bonds, Center/West
Development Project, Series 2017A
5
.500
06/01/43
1,451,164
525,000
Baltimore, Maryland, Special Obligation Bonds, Consolidated
Tax Increment Financing, Series 2015
5
.000
06/15/30
525,300
425,000
Baltimore, Maryland, Special Obligation Bonds, Consolidated
Tax Increment Financing, Series 2015
5
.000
06/15/33
425,185
1,270,000
Baltimore, Maryland, Special Obligation Bonds, East Baltimore
Research Park Project, Series 2017A
4
.500
09/01/33
1,272,843
240,000
Baltimore, Maryland, Special Obligation Bonds, East Baltimore
Research Park Project, Series 2017A
5
.000
09/01/38
241,170
1,895,000
Baltimore, Maryland, Special Obligation Bonds, Harbor Point
Project, Refunding Series 2016
5
.000
06/01/36
1,895,775
250,000
Baltimore, Maryland, Special Obligation Bonds, Harbor Point
Project, Refunding Series 2016
5
.125
06/01/43
250,054
19
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MARYLAND
(continued)
$
2,000,000
(d)
Baltimore, Maryland, Special Obligation Bonds, Harbor Point
Project, Refunding Series 2019A
3
.625
%
06/01/46
$
1,709,867
350,000
(d)
Baltimore, Maryland, Special Obligation Bonds, Harbor Point
Project, Refunding Series 2019B
3
.875
06/01/46
308,728
738,000
Brunswick, Frederick County, Maryland, Special Obligation
Bonds, Brunswick Crossing Special Taxing District, Refunding
Series 2019
5
.000
07/01/36
746,341
1,500,000
(d)
Frederick County, Maryland, Educational Facilities Revenue
Bonds, Mount Saint Mary's University Inc., Series 2017A
5
.000
09/01/37
1,455,331
182,000
Frederick County, Maryland, Special Obligation Bonds, Lake
Linganore Village Community Development Series 2001A -
RAAI Insured
5
.700
07/01/29
182,309
370,000
Frederick County, Maryland, Tax Increment and Special Tax B
Limited Obligation Bonds, Oakdale-Lake Linganore Project,
Series 2019
3
.750
07/01/39
344,378
105,000
(d)
Frederick County, Maryland, Tax Increment and Special Tax
Limited Obligation Bonds, Jefferson Technology Park Project,
Refunding Series 2020B
4
.625
07/01/43
105,024
2,000,000
Gaithersburg, Maryland, Economic Development Revenue
Bonds, Asbury Methodist Obligated Group Project, Refunding
Series 2018A
5
.000
01/01/33
2,021,369
1,000,000
Gaithersburg, Maryland, Economic Development Revenue
Bonds, Asbury Methodist Obligated Group Project, Refunding
Series 2018A
5
.000
01/01/36
1,007,841
1,500,000
Howard County Housing Commission, Maryland, Revenue
Bonds, Columbia Commons Apartments, Series 2014A
4
.000
06/01/34
1,486,224
1,550,000
Howard County Housing Commission, Maryland, Revenue
Bonds, Columbia Commons Apartments, Series 2014A
5
.000
06/01/44
1,550,560
1,990,000
Howard County Housing Commission, Maryland, Revenue
Bonds, The Verona at Oakland Mills Project, Series 2013
4
.625
10/01/28
1,992,048
2,990,000
Howard County Housing Commission, Maryland, Revenue
Bonds, The Verona at Oakland Mills Project, Series 2013
5
.000
10/01/28
3,022,646
1,000,000
Howard County Housing Commission, Maryland, Revenue
Bonds, Woodfield Oxford Square Apartments, Series 2017
5
.000
12/01/42
1,008,276
1,290,000
Howard County, Maryland, Retirement Community Revenue
Bonds, Vantage House, Refunding Series 2016
5
.000
04/01/46
1,213,222
1,710,000
Howard County, Maryland, Retirement Community Revenue
Bonds, Vantage House, Refunding Series 2017
5
.000
04/01/36
1,712,662
1,500,000
(d)
Howard County, Maryland, Special Obligation Bonds,
Downtown Columbia Project, Series 2017A
4
.125
02/15/34
1,482,707
1,550,000
(d)
Howard County, Maryland, Special Obligation Bonds,
Downtown Columbia Project, Series 2017A
4
.375
02/15/39
1,517,750
850,000
(d)
Howard County, Maryland, Special Obligation Bonds,
Downtown Columbia Project, Series 2017A
4
.500
02/15/47
798,080
2,125,000
Hyattsville, Maryland, Special Obligation Bonds, University
Town Center Project, Series 2016
5
.000
07/01/31
2,126,098
1,640,000
Hyattsville, Maryland, Special Obligation Bonds, University
Town Center Project, Series 2016
5
.000
07/01/34
1,640,533
1,220,000
Maryland Community Development Administration
Department of Housing and Community Development,
Housing Revenue Bonds, Series 2000A
2
.800
07/01/45
908,508
1,195,000
Maryland Community Development Administration
Department of Housing and Community Development,
Housing Revenue Bonds, Series 2014D
3
.900
07/01/40
1,125,963
680,000
Maryland Community Development Administration
Department of Housing and Community Development,
Housing Revenue Bonds, Series 2017C
3
.550
07/01/42
596,558
700,000
Maryland Community Development Administration
Department of Housing and Community Development,
Housing Revenue Bonds, Series 2020E
2
.350
07/01/45
483,180
1,445,000
Maryland Community Development Administration
Department of Housing and Community Development,
Residential Revenue Bonds, Series 2019C
3
.000
03/01/42
1,172,406
Portfolio of Investments July 31, 2026
(continued)
NAD
20
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MARYLAND
(continued)
$
2,000,000
Maryland Community Development Administration
Department of Housing and Community Development,
Residential Revenue Bonds, Series 2020D
2
.100
%
09/01/40
$
1,479,171
2,570,000
Maryland Community Development Administration
Department of Housing and Community Development,
Residential Revenue Bonds, Series 2021A
2
.000
09/01/43
1,782,603
2,000,000
Maryland Community Development Administration
Department of Housing and Community Development,
Residential Revenue Bonds, Taxable Series 2019D
3
.350
07/01/49
1,591,622
1,000,000
Maryland Community Development Administration,
Department of Housing and Community Development,
Multifamily Development Revenue Bonds, Marlborough
Apartments, Series 2014I
3
.450
12/15/31
998,182
1,125,000
Maryland Economic Development Corporation Economic
Development Revenue Bonds, Transportation Facilities Project,
Refunding Series 2017A
5
.000
06/01/32
1,154,321
3,360,000
Maryland Economic Development Corporation Economic
Development Revenue Bonds, Transportation Facilities Project,
Refunding Series 2017A
5
.000
06/01/35
3,433,209
1,600,000
Maryland Economic Development Corporation, Air Cargo
Obligated Group Revenue Bonds, AFCO Airport Real Estate
Group, Series 2019, (AMT)
4
.000
07/01/39
1,486,310
2,500,000
Maryland Economic Development Corporation, Maryland,
Lease Revenue Bonds, Reservoir Square Project, Series 2024
5
.000
07/01/56
2,445,096
1,250,000
Maryland Economic Development Corporation, Parking
Facilities Revenue Bonds Baltimore City Project, Subordinate
Parking Facilities Revenue Bonds, Series 2018C
4
.000
06/01/48
1,037,253
840,000
Maryland Economic Development Corporation, Parking
Facilities Revenue Bonds Baltimore City Project, Subordinate
Parking Facilities Revenue Bonds, Series 2018C
4
.000
06/01/58
645,987
2,225,000
Maryland Economic Development Corporation, Parking
Facilities Revenue Bonds, Baltimore City Project, Senior Parking
Facilities Revenue Bonds, Series 2018A
5
.000
06/01/58
2,233,542
1,600,000
(c),(d)
Maryland Economic Development Corporation, Port Facilities
Revenue Bonds, Core Natural Resources Inc. Project, Refunding
Series 2025, (Mandatory Put 3/27/35)
5
.000
07/01/48
1,701,828
2,000,000
(h)
Maryland Economic Development Corporation, Revenue
Bonds, Chesapeake Bay Hyatt Conference Center, Series
2006A
5
.000
12/01/31
1,340,000
1,100,000
Maryland Economic Development Corporation, Senior Student
Housing Revenue Bonds, Towson University Project, Refunding
Series 2017
5
.000
07/01/36
1,103,448
470,000
Maryland Economic Development Corporation, Senior Student
Housing Revenue Bonds, Towson University Project, Refunding
Series 2017
5
.000
07/01/37
470,059
585,000
Maryland Economic Development Corporation, Special
Obligation Bonds, Metro Centre Owings Mills Project, Series
2017
4
.375
07/01/36
571,941
135,000
Maryland Economic Development Corporation, Student
Housing Revenue Bonds, Salisbury University Project,
Refunding Series 2013
5
.000
06/01/27
135,068
500,000
Maryland Economic Development Corporation, Student
Housing Revenue Bonds, Salisbury University Project,
Refunding Series 2013
5
.000
06/01/34
500,020
1,510,000
Maryland Economic Development Corporation, Student
Housing Revenue Bonds, Sheppard Pratt University Village,
Series 2012
5
.000
07/01/33
1,485,822
1,110,000
Maryland Economic Development Corporation, Student
Housing Revenue Bonds, University of Maryland, Baltimore
County Project, Refunding Series 2016 - AGM Insured
3
.600
07/01/35
1,053,627
350,000
Maryland Health and Higher Educational Facilities Authority,
Parking Facilities Revenue Bonds, Johns Hopkins Hospital,
Series 2001 - AMBAC Insured
5
.000
07/01/27
352,582
21
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MARYLAND
(continued)
$
1,000,000
Maryland Health and Higher Educational Facilities Authority,
Parking Facilities Revenue Bonds, Johns Hopkins Hospital,
Series 2001 - AMBAC Insured
5
.000
%
07/01/34
$
1,007,252
250,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds Doctors Community Hospital, Series 2017B
5
.000
07/01/34
251,913
4,820,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds Doctors Community Hospital, Series 2017B
5
.000
07/01/38
4,852,238
90,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds,  Mercy Medical Center, Series 2016A
5
.000
07/01/36
90,367
1,450,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds,  Mercy Medical Center, Series 2016A
5
.000
07/01/38
1,454,577
600,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds,  Mercy Medical Center, Series 2016A
4
.000
07/01/42
554,858
1,400,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, Adventist Healthcare, Series 2016A
5
.500
01/01/36
1,407,586
4,020,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, Adventist Healthcare, Series 2016A
5
.500
01/01/46
4,033,445
2,125,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, Charlestown Community Issue, Series 2016A
5
.000
01/01/36
2,126,215
4,090,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, Charlestown Community Issue, Series 2016A
5
.000
01/01/45
4,090,755
265,000
(d)
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, Green Street Academy, Series 2017A
5
.125
07/01/37
265,206
500,000
(d)
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, Green Street Academy, Series 2017A
5
.250
07/01/47
489,280
470,000
(g)
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, Helix Health, Series 1997 - AMBAC Insured,
(ETM)
5
.000
07/01/27
479,669
500,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, Johns Hopkins University, Series 2013B
5
.000
07/01/38
500,200
4,375,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, Johns Hopkins University, Series 2013B
4
.250
07/01/41
4,285,449
1,000,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, LifeBridge Health Issue, Series 2017
5
.000
07/01/44
1,005,640
2,975,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, LifeBridge Health System, Series 2015
4
.125
07/01/47
2,803,688
175,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, Maryland Institute College of Art, Series 2016
5
.000
06/01/36
174,162
1,000,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, Maryland Institute College of Art, Series 2024
5
.500
06/01/47
971,011
4,260,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, Trinity Health Credit Group, Series 2017MD
5
.000
12/01/46
4,287,461
1,000,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, University of Maryland Medical System Issue,
Series 2015
5
.000
07/01/35
1,000,592
5,500,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, University of Maryland Medical System Issue,
Series 2017B
5
.000
07/01/39
5,553,318
6,250,000
Maryland Stadium Authority, Revenue Bonds, Baltimore City
Public Schools Construction & Revitalization Program, Series
2018A
5
.000
05/01/42
6,348,848
7,000,000
Maryland Transportation Authority, Revenue Bonds,
Transportation Facilities Projects, Series 2020
4
.000
07/01/50
6,396,960
1,500,000
Montgomery County Housing Opportunities Commission,
Maryland, Multifamily Housing Development Bonds, Series
2014A
3
.875
07/01/39
1,389,505
6,000,000
Montgomery County, Maryland, Revenue Bonds, Trinity Health
Credit Group, Series 2015
4
.000
12/01/44
5,558,014
320,000
(d)
Prince George's County Revenue Authority, Maryland, Special
Obligation Bonds, Suitland-Naylor Road Project, Series 2016
5
.000
07/01/46
320,001
1,050,000
Prince George's County, Maryland, Revenue Bonds, Collington
Episcopal Life Care Community Inc., Series 2017
5
.250
04/01/37
1,051,591
1,300,000
(d)
Prince George's County, Maryland, Special Obligation Bonds,
Westphalia Town Center Project, Series 2018
5
.125
07/01/39
1,303,078
Portfolio of Investments July 31, 2026
(continued)
NAD
22
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MARYLAND
(continued)
$
1,200,000
(d)
Prince George's County, Maryland, Special Obligation Bonds,
Westphalia Town Center Project, Series 2018
5
.250
%
07/01/48
$
1,197,818
1,638,000
Prince George's County, Maryland, Special Tax District Bonds,
Victoria Falls Project, Series 2005
5
.250
07/01/35
1,646,432
795,000
Rockville Mayor and Council, Maryland, Economic
Development Revenue Bonds, Ingleside King Farm Project,
Refunding Series 2017A-2
5
.000
11/01/31
801,949
1,070,000
Rockville Mayor and Council, Maryland, Economic
Development Revenue Bonds, Ingleside King Farm Project,
Series 2017A-1
5
.000
11/01/28
1,082,844
1,000,000
Rockville Mayor and Council, Maryland, Economic
Development Revenue Bonds, Ingleside King Farm Project,
Series 2017A-1
5
.000
11/01/37
1,002,706
500,000
Rockville Mayor and Council, Maryland, Economic
Development Revenue Bonds, Series 2017B
5
.000
11/01/42
493,814
1,000,000
Rockville Mayor and Council, Maryland, Economic
Development Revenue Bonds, Series 2017B
5
.000
11/01/47
934,480
1,000,000
(g)
Washington County County Commissioners, Maryland,
Revenue Bonds, Diakon Lutheran Social Ministries Project,
Series 2019B, (ETM)
5
.000
01/01/29
1,048,894
500,000
(g)
Washington County County Commissioners, Maryland,
Revenue Bonds, Diakon Lutheran Social Ministries Project,
Series 2019B, (Pre-refunded 1/01/29)
5
.000
01/01/32
524,447
TOTAL MARYLAND
163,795,021
MASSACHUSETTS - 1.3% (0.7% of Total Investments)
5,000,000
Massachusetts Bay Transportation Authority, Sales Tax Revenue
Bonds, Subordinated Series 2021A-1
4
.000
07/01/51
4,445,773
539,969
(d),(h)
Massachusetts Development Finance Agency, Health Care
Facility Revenue Bonds, Adventcare Project, Series 2007A
6
.750
10/15/37
5
677,039
(h)
Massachusetts Development Finance Agency, Health Care
Facility Revenue Bonds, Adventcare Project, Series 2010
7
.625
10/15/37
7
4,000,000
Massachusetts Development Finance Agency, Revenue Bonds,
Boston Medical Center Issue, Series 2023G
5
.250
07/01/48
3,964,177
2,540,000
Massachusetts Development Finance Agency, Revenue Bonds,
Dana-Farber Cancer Institute, Series 2026Q
5
.500
12/01/56
2,672,879
3,200,000
Massachusetts Development Finance Agency, Revenue Bonds,
Emerson College, Series 2015
4
.500
01/01/45
2,937,170
8,500,000
Massachusetts Development Finance Agency, Revenue Bonds,
The Lowell General Hospital, Series 2013G
5
.000
07/01/44
8,071,350
1,145,000
Massachusetts Development Finance Agency, Revenue Bonds,
Western New England University, Series 2015
5
.000
09/01/40
1,111,113
1,280,000
Massachusetts Development Finance Agency, Revenue Bonds,
Western New England University, Series 2015
5
.000
09/01/45
1,203,740
2,000,000
Massachusetts Housing Finance Agency, Housing Bonds,
Series 2013B
4
.500
06/01/56
1,913,735
1,600,000
(b)
Massachusetts Housing Finance Agency, Multifamily Housing
Bonds, Green Sustainability Series 2024A1, (UB)
4
.900
12/01/59
1,588,364
4,485,000
(b)
Massachusetts Housing Finance Agency, Single Family Housing
Revenue Bonds, Social Series 2024-234, (UB)
4
.700
12/01/49
4,416,796
2,000,000
Massachusetts State, General Obligation Bonds, Consolidated
Loan, Series 2024A
5
.000
01/01/54
2,047,149
TOTAL MASSACHUSETTS
34,372,258
MICHIGAN - 3.1% (1.8% of Total Investments)
40,000
(g)
Eastern Michigan University, General Revenue Bonds, Series
2018A, (Pre-refunded 3/01/28)
4
.000
03/01/44
40,787
960,000
Eastern Michigan University, General Revenue Bonds, Series
2018A - AGM Insured
4
.000
03/01/44
882,857
10,000,000
Great Lakes Water Authority, Michigan, Water Supply Revenue
Bonds, Second Lien Series 2025D
5
.500
07/01/55
10,598,956
2,000,000
Lansing Board of Water and Light, Michigan, Utility System
Revenue Bonds, Series 2019A
5
.000
07/01/48
2,026,131
23
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MICHIGAN
(continued)
$
10,000,000
Michigan Finance Authority, Distributable State Aid Revenue
Bonds, Charter County of Wayne, Second Lien Refunding
Series 2020
4
.000
%
11/01/55
$
8,516,672
10,125,000
Michigan Finance Authority, Distributable State Aid Revenue
Bonds, Charter County of Wayne, Second Lien Refunding
Series 2020
4
.000
11/01/55
8,699,019
6,395,000
(b)
Michigan Finance Authority, Hospital Revenue Bonds,
Beaumont Health Credit Group, Series 2016A, (UB)
5
.000
11/01/44
6,394,967
5,000,000
Michigan Finance Authority, Hospital Revenue Bonds, McLaren
Health Care, Series 2019A
4
.000
02/15/47
4,458,821
4,500,000
Michigan Finance Authority, Michigan, Revenue Bonds, Trinity
Health Credit Group, Refunding Series 2019A-MI
4
.000
12/01/49
3,890,443
4,435,000
Michigan Finance Authority, Tobacco Settlement Asset- Backed
Bonds, 2006 Sold Tobacco Receipts Senior Current Interest
Series 2020A-2
5
.000
06/01/40
4,565,218
4,385,000
(g)
Michigan Hospital Finance Authority, Revenue Bonds,
Ascension Health Senior Credit Group, Refunding & Project
Series 2010F-6, (Pre-refunded 11/15/26)
4
.000
11/15/47
4,399,914
615,000
Michigan Hospital Finance Authority, Revenue Bonds,
Ascension Health Senior Credit Group, Refunding & Project
Series 2010F-6
4
.000
11/15/47
543,490
2,500,000
Michigan Housing Development Authority, Rental Housing
Revenue Bonds, Series 2024A
4
.700
10/01/54
2,419,459
2,450,000
(b)
Michigan Housing Development Authority, Single Family
Mortgage Revenue Bonds, Social Series 2024A, (UB)
4
.650
12/01/49
2,368,989
8,000,000
Michigan State, Trunk Line Fund Bonds, Rebuilding Michigan
Program Series 2020B
4
.000
11/15/45
7,430,397
6,000,000
Michigan State, Trunk Line Fund Bonds, Rebuilding Michigan
Program, Series 2023
5
.500
11/15/49
6,426,172
5,000,000
Troy School District, Oakland County, Michigan, General
Obligation Bonds, School Building & Site Series 2023
5
.000
05/01/47
5,192,455
6,225,000
Walled Lake Consolidated School District, Oakland County,
Michigan, General Obligation Bonds, School Building & Site
Series 2020
5
.000
05/01/50
6,307,087
TOTAL MICHIGAN
85,161,834
MINNESOTA - 3.6% (2.1% of Total Investments)
310,000
Baytown Township, Minnesota Charter School Lease Revenue
Bonds, Saint Croix Preparatory Academy, Refunding Series
2016A
4
.000
08/01/36
286,114
3,260,000
City of Ham Lake, Minnesota, Charter School Lease Revenue
Bonds, DaVinci Academy Project,Series 2016A
5
.000
07/01/47
2,700,992
500,000
Deephaven, Minnesota, Charter School Lease Revenue Bonds,
Eagle Ridge Academy Project, Series 2016A
4
.000
07/01/37
471,550
5,000,000
Duluth Economic Development Authority, Minnesota, Health
Care Facilities Revenue Bonds, Essentia Health Obligated
Group, Series 2018A
5
.000
02/15/48
4,988,957
2,905,000
(b)
Duluth Economic Development Authority, Minnesota, Health
Care Facilities Revenue Bonds, Essentia Health Obligated
Group, Series 2018A, (UB)
5
.000
02/15/48
2,898,584
11,925,000
(b)
Duluth Economic Development Authority, Minnesota, Health
Care Facilities Revenue Bonds, Essentia Health Obligated
Group, Series 2018A, (UB)
5
.000
02/15/53
11,791,403
1,925,000
Duluth Economic Development Authority, Minnesota, Health
Care Facilities Revenue Bonds, Essentia Health Obligated
Group, Series 2018A
5
.250
02/15/53
1,931,778
3,000,000
Duluth Economic Development Authority, Minnesota, Health
Care Facilities Revenue Bonds, Essentia Health Obligated
Group, Series 2018A
5
.000
02/15/58
2,941,915
4,270,000
Duluth Economic Development Authority, Minnesota, Health
Care Facilities Revenue Bonds, Essentia Health Obligated
Group, Series 2018A
5
.250
02/15/58
4,282,717
1,125,000
GFW Independent School District No. 2365, Sibley, Renville,
McLeod and Nicollet Counties, Minnesota, General Obligation
School Building Bonds, Series 2023A
4
.125
02/01/52
1,053,253
Portfolio of Investments July 31, 2026
(continued)
NAD
24
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MINNESOTA
(continued)
$
725,000
Hawley Independent School District 150, Clay County,
Minnesota, General Obligation Bonds, School Building Series
2023A
4
.000
%
02/01/43
$
704,808
1,870,000
Independence, Minnesota, Charter School Lease Revenue
Bonds, Beacon Academy Project, Series 2016A
5
.000
07/01/48
1,616,248
500,000
Independence, Minnesota, Charter School Lease Revenue
Bonds, Paladin Career & Technical High School Project, Series
2021A
4
.000
06/01/41
403,065
5,000,000
(d)
Independence, Minnesota, Charter School Lease Revenue
Bonds, Spero Academy Project, Series 2021A
5
.000
07/01/56
3,697,827
2,010,000
Independent School District 621, Mounds View, Minnesota,
General Obligation Bonds, School Building Series 2018A
4
.000
02/01/42
1,972,194
1,000,000
Minneapolis-St. Paul Metropolitan Airports Commission,
Minnesota, Airport Revenue Bonds, Refunding Subordinate
Lien Series 2019B, (AMT)
5
.000
01/01/31
1,042,868
1,300,000
Minneapolis-St. Paul Metropolitan Airports Commission,
Minnesota, Airport Revenue Bonds, Refunding Subordinate
Lien Series 2019B, (AMT)
5
.000
01/01/38
1,333,153
3,420,000
Minneapolis-St. Paul Metropolitan Airports Commission,
Minnesota, Airport Revenue Bonds, Refunding Subordinate
Lien Series 2019B, (AMT)
5
.000
01/01/44
3,453,593
4,000,000
Minneapolis-St. Paul Metropolitan Airports Commission,
Minnesota, Airport Revenue Bonds, Refunding Subordinate
Lien Series 2019B, (AMT)
5
.000
01/01/49
3,999,901
2,295,000
Minneapolis-St. Paul Metropolitan Airports Commission,
Minnesota, Airport Revenue Bonds, Senior Lien Series 2016C
5
.000
01/01/41
2,304,927
470,000
Minneapolis-St. Paul Metropolitan Airports Commission,
Minnesota, Airport Revenue Bonds, Subordinate Lien Series
2016D, (AMT)
5
.000
01/01/32
472,778
450,000
Minneapolis-St. Paul Metropolitan Airports Commission,
Minnesota, Airport Revenue Bonds, Subordinate Lien Series
2016D, (AMT)
5
.000
01/01/35
452,219
580,000
Minneapolis-St. Paul Metropolitan Airports Commission,
Minnesota, Airport Revenue Bonds, Subordinate Lien Series
2016D, (AMT)
5
.000
01/01/37
582,397
750,000
Minneapolis-St. Paul Metropolitan Airports Commission,
Minnesota, Airport Revenue Bonds, Subordinate Lien Series
2016D, (AMT)
5
.000
01/01/41
751,869
2,745,000
Minneapolis-St. Paul Metropolitan Airports Commission,
Minnesota, Airport Revenue Bonds, Subordinate Lien Series
2022B, (AMT)
5
.250
01/01/47
2,817,646
3,345,000
Minnesota Agricultural and Economic Development Board,
Health Care Facilities Revenue Bonds, Essentia Health
Obligated Group, Series 2024A
5
.250
01/01/54
3,405,786
1,300,000
Minnesota Higher Education Facilities Authority, Revenue
Bonds, Carleton College, Refunding Series 2017
3
.750
03/01/38
1,261,025
1,460,000
Minnesota Higher Education Facilities Authority, Revenue
Bonds, Carleton College, Refunding Series 2017
4
.000
03/01/41
1,358,134
270,000
Minnesota Housing Finance Agency, Housing Infrastructure
State Appropriation Bonds, Series 2021A
3
.000
08/01/36
245,494
190,000
Minnesota Housing Finance Agency, Housing Infrastructure
State Appropriation Bonds, Series 2021B
3
.000
08/01/36
172,755
2,910,000
Minnesota Housing Finance Agency, Housing Infrastructure
State Appropriation Bonds, Series 2022A
5
.000
08/01/41
3,041,061
2,380,000
Round Lake-Brewster Independent School District 2907,
Minnesota, General Obligation Bonds, School Building Series
2023A
4
.000
02/01/44
2,269,063
2,000,000
Saint Cloud, Minnesota, Health Care Revenue Bonds,
CentraCare Health System, Series 2019
5
.000
05/01/48
2,016,313
1,520,000
Saint Paul Housing & Redevelopment Authority, Minnesota,
Charter School Lease Revenue Bonds, Community of Peace
Academy Project, Refunding Series 2015A
5
.000
12/01/50
1,398,115
25
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MINNESOTA
(continued)
$
1,395,000
Saint Paul Housing & Redevelopment Authority, Minnesota,
Charter School Lease Revenue Bonds, Community of Peace
Academy Project, Series 2019
5
.000
%
12/01/39
$
1,382,542
2,625,000
Saint Paul Housing & Redevelopment Authority, Minnesota,
Charter School Lease Revenue Bonds, Hmong College Prep
Academy Project, Refunding Series 2020A
5
.000
09/01/40
2,582,863
1,250,000
Saint Paul Housing & Redevelopment Authority, Minnesota,
Charter School Lease Revenue Bonds, Hmong College Prep
Academy Project, Refunding Series 2020A
5
.000
09/01/43
1,227,371
780,000
Saint Paul Housing & Redevelopment Authority, Minnesota,
Charter School Lease Revenue Bonds, Hmong College Prep
Academy Project, Refunding Series 2020A
5
.000
09/01/55
706,684
2,205,000
Saint Paul Housing & Redevelopment Authority, Minnesota,
Charter School Lease Revenue Bonds, Hmong College Prep
Academy Project, Series 2016A
5
.500
09/01/36
2,206,045
2,500,000
Saint Paul Housing & Redevelopment Authority, Minnesota,
Charter School Lease Revenue Bonds, Hmong College Prep
Academy Project, Series 2016A
5
.750
09/01/46
2,500,590
2,500,000
Saint Paul Housing & Redevelopment Authority, Minnesota,
Charter School Lease Revenue Bonds, Hmong College Prep
Academy Project, Series 2016A
6
.000
09/01/51
2,500,384
1,500,000
Saint Paul Housing & Redevelopment Authority, Minnesota,
Charter School Lease Revenue Bonds, Twin Cities German
Immersion School, Series 2013A
5
.000
07/01/44
1,421,989
1,415,000
Saint Paul Housing and Redevelopment Authority Minnesota,
Senior Housing and Health Care Revenue Bonds, Episcopal
Homes Project, Series 2013
5
.000
05/01/33
1,382,067
1,000,000
Saint Paul Housing and Redevelopment Authority Minnesota,
Senior Housing and Health Care Revenue Bonds, Episcopal
Homes Project, Series 2013
5
.125
05/01/48
862,641
2,245,000
Saint Paul Housing and Redevelopment Authority, Minnesota,
Health Care Revenue Bonds, Fairview Health Services, Series
2017A
5
.000
11/15/47
2,176,302
3,150,000
Saint Paul Housing and Redevelopment Authority, Minnesota,
Lease Revenue Bonds, Hope Community Academy Project,
Series 2015A
5
.000
12/01/43
2,539,751
2,000,000
Wayzata, Minnesota Senior Housing Revenue Bonds,
Folkestone Senior Living Community, Refunding Series 2019
5
.000
08/01/54
1,929,898
TOTAL MINNESOTA
97,539,629
MISSISSIPPI - 0.8% (0.5% of Total Investments)
1,500,000
Mississippi Hospital Equipment and Facilities Authority,
Revenue Bonds, Baptist Memorial Healthcare, Series 2016A
5
.000
09/01/36
1,502,579
6,000,000
Mississippi Hospital Equipment and Facilities Authority,
Revenue Bonds, Baptist Memorial Healthcare, Series 2016A
5
.000
09/01/41
6,010,315
15,500,000
Mississippi Hospital Equipment and Facilities Authority,
Revenue Bonds, Baptist Memorial Healthcare, Series 2016A
5
.000
09/01/46
15,526,648
TOTAL MISSISSIPPI
23,039,542
MISSOURI - 5.3% (3.1% of Total Investments)
2,010,000
Bridgeton Industrial Development Authority, Missouri, Senior
Housing Revenue Bonds, The Sarah Community Project,
Refunding Series 2016
3
.625
05/01/30
2,006,966
1,945,000
Jefferson County School District R-1 Northwest, Missouri,
General Obligation Bonds, Direct Deposit Program Series 2023
4
.000
03/01/42
1,889,136
3,000,000
Kansas City Industrial Development Authority, Missouri, Airport
Special Obligation Bonds, Kansas City International Airport
Terminal Modernization Project, Series 2019A, (AMT)
5
.000
03/01/44
3,020,492
2,965,000
Kansas City Industrial Development Authority, Missouri, Airport
Special Obligation Bonds, Kansas City International Airport
Terminal Modernization Project, Series 2019B, (AMT)
5
.000
03/01/39
3,015,467
13,250,000
Kansas City Industrial Development Authority, Missouri, Airport
Special Obligation Bonds, Kansas City International Airport
Terminal Modernization Project, Series 2019B, (AMT)
5
.000
03/01/46
13,288,131
Portfolio of Investments July 31, 2026
(continued)
NAD
26
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MISSOURI
(continued)
$
2,950,000
Kansas City Industrial Development Authority, Missouri, Airport
Special Obligation Bonds, Kansas City International Airport
Terminal Modernization Project, Series 2019B, (AMT)
5
.000
%
03/01/49
$
2,949,934
14,820,000
Kansas City Industrial Development Authority, Missouri, Airport
Special Obligation Bonds, Kansas City International Airport
Terminal Modernization Project, Series 2019B, (AMT)
5
.000
03/01/54
14,622,769
400,000
(d)
Kansas City Industrial Development Authority, Missouri,
Sales Tax Revenue Bonds, Ward Parkway Center Community
Improvement District, Senior Refunding & Improvement Series
2016
5
.000
04/01/46
380,808
7,000,000
(f)
Kansas City Municipal Assistance Corporation, Missouri,
Leasehold Revenue Bonds, Improvement Series 2004B-1 -
AMBAC Insured
0
.000
04/15/27
6,854,709
5,000,000
(f)
Kansas City Municipal Assistance Corporation, Missouri,
Leasehold Revenue Bonds, Improvement Series 2004B-1 -
AMBAC Insured
0
.000
04/15/28
4,745,944
5,000,000
(f)
Kansas City Municipal Assistance Corporation, Missouri,
Leasehold Revenue Bonds, Improvement Series 2004B-1 -
AMBAC Insured
0
.000
04/15/29
4,584,127
6,185,000
Kansas City, Missouri, Sanitary Sewer System Revenue Bonds,
Improvement Series 2023A
4
.000
01/01/48
5,835,381
1,240,000
(d)
Missouri Development Finance Board, Tax Increment and
Special District Revenue Bonds, Lakeport Village Project, Series
2025A
6
.750
06/15/55
1,244,115
1,000,000
Missouri Environmental Improvement and Energy Resources
Authority, Revenue Bonds, Union Electric Company Project,
Series 1998C
2
.750
09/01/33
899,904
1,000,000
Missouri Health and Education Facilities Authority, Health
Facilities Revenue Bonds, Saint Luke's Health System, Inc.,
Series 2016
5
.000
11/15/34
1,001,040
11,010,000
Missouri Health and Educational Facilities Authority, Health
Facilities Revenue Bonds, BJC Health System, Series 2025A
4
.000
04/01/45
10,381,145
11,090,000
Missouri Health and Educational Facilities Authority, Health
Facilities Revenue Bonds, CoxHealth, Series 2013A
5
.000
11/15/48
11,091,311
3,000,000
Missouri Health and Educational Facilities Authority, Health
Facilities Revenue Bonds, Mercy Health, Series 2017C
5
.000
11/15/42
3,031,562
6,265,000
Missouri Health and Educational Facilities Authority, Health
Facilities Revenue Bonds, Mercy Health, Series 2017C
5
.000
11/15/47
6,294,434
10,000,000
Missouri Health and Educational Facilities Authority, Health
Facilities Revenue Bonds, Mercy Health, Series 2020
4
.000
06/01/53
8,507,539
7,815,000
Missouri Health and Educational Facilities Authority, Health
Facilities Revenue Bonds, Mosaic Health System, Series 2019A
4
.000
02/15/49
6,670,096
2,000,000
Missouri Health and Educational Facilities Authority, Health
Facilities Revenue Bonds, SSM Health Care, Series 2018A
4
.000
06/01/48
1,738,126
7,925,000
Missouri Health and Educational Facilities Authority, Revenue
Bonds, Lutheran Senior Services Projects, Series 2016A
5
.000
02/01/46
7,925,015
4,370,000
Missouri Health and Educational Facilities Authority, Revenue
Bonds, Lutheran Senior Services Projects, Series 2016B
5
.000
02/01/46
4,370,008
725,000
Missouri Health and Educational Facilities Authority, Revenue
Bonds, Saint Louis University, Series 2017A
4
.000
10/01/36
725,906
3,510,000
Missouri Health and Educational Facilities Authority, Revenue
Bonds, Saint Louis University, Series 2017A
5
.000
10/01/47
3,522,236
6,405,000
Missouri Housing Development Commission, Single Family
Mortgage Revenue Bonds, First Place Home Ownership Loan
Program Series 2024C
4
.650
11/01/49
6,212,924
1,485,000
Missouri Housing Development Commission, Single Family
Mortgage Revenue Bonds, First Place Home Ownership Loan
Program Series 2024G
4
.500
11/01/54
1,429,074
1,105,000
Missouri Housing Development Commission, Single Family
Mortgage Revenue Bonds, First Place Homeownership Loan
Program, Series 2024A
4
.700
11/01/54
1,080,747
1,330,000
Missouri Joint Municipal Electric Utility Commission, Power
Supply System Revenue Bonds, MoPEP Facilities, Series 2018
5
.000
12/01/37
1,343,037
27
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MISSOURI
(continued)
$
1,140,000
Missouri Joint Municipal Electric Utility Commission, Power
Supply System Revenue Bonds, MoPEP Facilities, Series 2018
5
.000
%
12/01/38
$
1,149,943
2,185,000
Missouri Southern State University, Auxiliary Enterprise System
Revenue Bonds, Series 2021
4
.000
10/01/44
2,047,375
375,000
Saint Louis County Industrial Development Authority, Missouri,
Revenue Bonds, Friendship Village of Sunset Hills, Series
2013A
5
.875
09/01/43
375,311
1,000,000
Saint Louis County Industrial Development Authority, Missouri,
Revenue Bonds, Friendship Village Saint Louis Obligated
Group, Series 2018A
5
.125
09/01/48
997,518
TOTAL MISSOURI
145,232,230
MONTANA - 0.3% (0.2% of Total Investments)
2,090,000
Montana Facility Finance Authority, Healthcare Facility Revenue
Bonds, Kalispell Regional Medical Center, Series 2018B
5
.000
07/01/43
2,115,789
6,830,000
Montana State Board of Regents of Higher Education, General
Revenue Bonds, Series 2022 - AGM Insured
5
.250
11/15/52
7,005,881
TOTAL MONTANA
9,121,670
NEBRASKA - 0.3% (0.2% of Total Investments)
2,500,000
Boys Town Village, Nebraska, Revenue Bonds, Boys Town
Project Series 2026
5
.000
07/01/55
2,469,165
860,000
Douglas County Hospital Authority 3, Nebraska, Health
Facilities Revenue Bonds, Nebraska Methodist Health System,
Refunding Series 2015
4
.125
11/01/36
845,386
540,000
Douglas County Hospital Authority 3, Nebraska, Health
Facilities Revenue Bonds, Nebraska Methodist Health System,
Refunding Series 2015
5
.000
11/01/45
540,142
4,000,000
Omaha Public Power District, Nebraska, Electric System
Revenue Bonds, Series 2026A
5
.000
02/01/56
4,083,572
TOTAL NEBRASKA
7,938,265
NEVADA - 0.7% (0.4% of Total Investments)
8,835,000
Las Vegas Convention and Visitors Authority, Nevada,
Convention Center Expansion Revenue Bonds, Series 2018B
5
.000
07/01/43
9,005,498
7,500,000
Las Vegas Convention and Visitors Authority, Nevada,
Convention Center Expansion Revenue Bonds, Series 2018B
4
.000
07/01/49
6,607,678
2,400,000
Nevada System of Higher Education, Community College
Revenue Bonds, Series 2017
4
.000
07/01/41
2,319,006
TOTAL NEVADA
17,932,182
NEW HAMPSHIRE - 0.5% (0.3% of Total Investments)
3,000,000
(d)
National Finance Authority, New Hampshire, Resource
Recovery Revenue Bonds, Covanta Project, Refunding Series
2018B
4
.625
11/01/42
2,660,355
1,500,000
(c),(d)
National Finance Authority, New Hampshire, Resource
Recovery Revenue Bonds, Covanta Project, Refunding Series
2020A, (Mandatory Put 7/02/40)
3
.625
07/01/43
1,192,573
3,463,000
(d)
National Finance Authority, New Hampshire, Special Revenue
Bonds, Forestar Group Houston Area Projects, Fort Bend,
Galveston, Montgomery, and Walker Counties, Texas, Series
2026
6
.500
12/01/34
3,464,383
2,535,000
New Hampshire Health and Education Facilities Authority,
Revenue Bonds, Concord Hospital, Series 2017
5
.000
10/01/47
2,544,953
4,000,000
New Hampshire Health and Education Facilities Authority,
Revenue Bonds, Dartmouth-Hitchcock Obligated Group, Series
2018A
5
.000
08/01/35
4,084,432
TOTAL NEW HAMPSHIRE
13,946,696
Portfolio of Investments July 31, 2026
(continued)
NAD
28
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW JERSEY - 5.6% (3.3% of Total Investments)
$
5,000,000
New Jersey Economic Development Authority, New Jersey,
Transit Transportation Project Revenue Bonds, Series 2020A
5
.000
%
11/01/40
$
5,146,989
1,965,000
New Jersey Economic Development Authority, Private Activity
Bonds, The Goethals Bridge Replacement Project, Series 2013
- AGM Insured, (AMT)
5
.000
01/01/31
1,992,941
1,865,000
New Jersey Economic Development Authority, Private Activity
Bonds, The Goethals Bridge Replacement Project, Series 2013
- AGM Insured, (AMT)
5
.125
01/01/39
1,890,556
1,585,000
New Jersey Economic Development Authority, Private Activity
Bonds, The Goethals Bridge Replacement Project, Series 2013
- AGM Insured, (AMT)
5
.125
07/01/42
1,593,598
2,000,000
(g)
New Jersey Economic Development Authority, School Facilities
Construction Bonds, Refunding Series 2016BBB, (Pre-refunded
12/15/26)
5
.500
06/15/31
2,020,103
5,770,000
New Jersey Economic Development Authority, School Facilities
Construction Bonds, Series 2005N-1 - NPFG Insured
5
.500
09/01/27
5,945,429
2,410,000
New Jersey Economic Development Authority, School Facilities
Construction Bonds, Social Series 2021QQQ
4
.000
06/15/50
2,174,754
5,275,000
New Jersey Health Care Facilities Financing Authority, Revenue
Bonds, RWJ Barnabas Health Obligated Group, Series 2021A
4
.000
07/01/51
4,872,352
2,020,000
New Jersey Transportation Trust Fund Authority, Federal
Highway Reimbursement Revenue Notes, Series 2016A-1
5
.000
06/15/28
2,030,433
3,340,000
New Jersey Transportation Trust Fund Authority, Federal
Highway Reimbursement Revenue Notes, Series 2016A-1
5
.000
06/15/29
3,343,968
8,155,000
New Jersey Transportation Trust Fund Authority, Transportation
Program Bonds, Series 2023AA
4
.250
06/15/44
7,785,830
4,890,000
(b)
New Jersey Transportation Trust Fund Authority, Transportation
Program Bonds, Series 2023BB, (UB)
5
.250
06/15/50
5,076,127
1,000,000
(f)
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Capital Appreciation Series 2010A
0
.000
12/15/26
988,870
21,120,000
(f)
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Refunding Series 2006C - AMBAC Insured
0
.000
12/15/28
19,605,198
10,000,000
(f)
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Refunding Series 2006C - AGM Insured
0
.000
12/15/32
8,006,750
20,000,000
(f)
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Refunding Series 2006C - AGM Insured
0
.000
12/15/33
15,370,878
25,000,000
(f)
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Refunding Series 2006C - AMBAC Insured
0
.000
12/15/35
17,338,910
30,000,000
(f)
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Refunding Series 2006C - AMBAC Insured
0
.000
12/15/36
19,743,960
2,000,000
(f)
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Series 2009A
0
.000
12/15/32
1,591,365
1,690,000
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Series 2015AA
5
.250
06/15/33
1,691,834
2,840,000
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Series 2015AA
5
.000
06/15/45
2,840,764
2,800,000
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Series 2018A
5
.000
12/15/36
2,885,025
5,250,000
(b)
New Jersey Turnpike Authority, Turnpike Revenue Bonds,
Series 2022B, (UB)
5
.250
01/01/52
5,487,235
7,810,000
South Jersey Transportation Authority, New Jersey,
Transportation System Revenue Bonds, Series 2020A
5
.000
11/01/45
7,973,531
3,215,000
Tobacco Settlement Financing Corporation, New Jersey,
Tobacco Settlement Asset-Backed Bonds, Series 2018A
5
.000
06/01/36
3,283,476
1,405,000
Tobacco Settlement Financing Corporation, New Jersey,
Tobacco Settlement Asset-Backed Bonds, Series 2018A
5
.000
06/01/46
1,386,862
TOTAL NEW JERSEY
152,067,738
29
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW MEXICO - 0.4% (0.2% of Total Investments)
$
3,370,000
New Mexico Hospital Equipment Loan Council, Hospital
Revenue Bonds, Presbyterian Healthcare Services, Series
2017A
5
.000
%
08/01/46
$
3,381,901
7,000,000
New Mexico Hospital Equipment Loan Council, Hospital
Revenue Bonds, Presbyterian Healthcare Services, Series
2019A
4
.000
08/01/48
6,081,407
775,000
Santa Fe County, New Mexico, Correctional System Gross
Receipts Tax Revenue Bonds, Series 1997 - AGM Insured
6
.000
02/01/27
786,113
TOTAL NEW MEXICO
10,249,421
NEW YORK - 14.7% (8.6% of Total Investments)
6,600,000
(f)
Brooklyn Arena Local Development Corporation, New York,
Payment in Lieu of Taxes Revenue Bonds, Barclays Center
Project, Series 2009
0
.000
07/15/44
2,772,320
490,000
Buffalo and Erie County Industrial Land Development
Corporation, New York, Revenue Bonds, Catholic Health
System, Inc. Project, Series 2015
5
.250
07/01/35
488,748
4,000,000
(b)
Dormitory Authority of the State of New York, General Revenue
Bonds, Northwell Health Obligated Group, Series 2022A, (UB)
4
.250
05/01/52
3,553,158
600,000
(d)
Dormitory Authority of the State of New York, Revenue Bonds,
Orange Regional Medical Center Obligated Group, Series
2017
5
.000
12/01/34
577,873
2,295,000
Dormitory Authority of the State of New York, Revenue Bonds,
White Plains Hospital, Series 2024
5
.500
10/01/54
2,395,957
3,000,000
Dormitory Authority of the State of New York, State Personal
Income Tax Revenue Bonds, General Purpose Series 2022A
5
.000
03/15/46
3,115,104
3,760,000
Dormitory Authority of the State of New York, State Sales Tax
Revenue Bonds, Series 2017A
5
.000
03/15/44
3,786,762
5,000,000
Liberty Development Corporation, New York, Goldman Sachs
Headquarter Revenue Bonds, Series 2005
5
.250
10/01/35
5,620,380
5,000,000
Long Island Power Authority, New York, Electric System General
Revenue Bonds, Series 2018
5
.000
09/01/37
5,162,239
10,000,000
(f)
Metropolitan Transportation Authority, New York, Dedicated
Tax Fund Bonds, Refunding Series 2012A
0
.000
11/15/32
8,052,674
9,220,000
Metropolitan Transportation Authority, New York,
Transportation Revenue Bonds, Green Refunding Series 2024A
- BAM Insured
4
.000
11/15/48
8,039,633
2,000,000
Metropolitan Transportation Authority, New York,
Transportation Revenue Bonds, Refunding Series 2017D
4
.000
11/15/42
1,831,435
5,000,000
MTA Hudson Rail Yards Trust Obligations, New York,
MTA Financing Agreement Payable by the Metropolitan
Transportation Authority, Series 2016A
5
.000
11/15/56
4,973,089
8,715,000
(b)
Nassau County, New York, General Obligation Bonds, General
Improvement Series 2024A, (UB)
4
.000
04/01/54
7,838,554
2,950,000
New York City Housing Development Corporation, New York,
House Impact Revenue Bonds, Green Series 2023A
4
.800
02/01/53
2,909,888
1,875,000
New York City Housing Development Corporation, New York,
Multifamily Housing Revenue Bonds, Sustainable Development
Series 2025C-1
5
.050
11/01/50
1,896,185
740,000
New York City Housing Development Corporation, New York,
Multi-Family Mortgage Revenue Bonds, 8 Spruce Street,
Taxable Class E Series 2024
4
.375
12/15/31
747,635
500,000
(h)
New York City Industrial Development Agency, New York, Civic
Facility Revenue Bonds, Bronx Parking Development Company,
LLC Project, Series 2007
2
.300
10/01/37
310,000
1,000,000
(h)
New York City Industrial Development Agency, New York, Civic
Facility Revenue Bonds, Bronx Parking Development Company,
LLC Project, Series 2007
2
.350
10/01/46
620,000
5,000,000
New York City Municipal Water Finance Authority, New York,
Water and Sewer System Second General Resolution Revenue
Bonds, Fiscal 2020 Series EE
4
.000
06/15/42
4,709,109
3,255,000
New York City Municipal Water Finance Authority, New York,
Water and Sewer System Second General Resolution Revenue
Bonds, Fiscal 2021 Series CC-1
4
.000
06/15/51
2,919,546
Portfolio of Investments July 31, 2026
(continued)
NAD
30
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW YORK
(continued)
$
6,140,000
New York City Municipal Water Finance Authority, New York,
Water and Sewer System Second General Resolution Revenue
Bonds, Fiscal 2023 Series AA-1
5
.250
%
06/15/52
$
6,388,451
5,000,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal 2019 Series A-1
5
.000
08/01/40
5,112,763
20,000,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal 2019 Subseries C-1
4
.000
11/01/42
18,858,628
9,530,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal 2022 Subseries B-1
4
.000
08/01/45
8,821,161
5,000,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal 2022 Subseries F-1
5
.000
02/01/47
5,126,813
6,250,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal Series 2025C-1
4
.000
05/01/51
5,575,259
3,530,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal Series 2025D
4
.250
05/01/54
3,269,659
11,210,000
(b)
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal Series 2025D, (UB)
4
.250
05/01/54
10,383,250
3,000,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal Series 2025H-1
5
.250
11/01/48
3,147,260
1,770,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Series 2024F-1
5
.250
02/01/53
1,829,527
2,000,000
New York City, New York, General Obligation Bonds, Fiscal
2021 Series F-1
5
.000
03/01/43
2,067,251
3,000,000
New York City, New York, General Obligation Bonds, Fiscal
2022 Series A-1
5
.000
08/01/47
3,054,388
610,000
New York Counties Tobacco Trust VI, New York, Tobacco
Settlement Pass-Through Bonds, Series Series 2016A-1
5
.625
06/01/35
623,164
29,820,000
(d)
New York Liberty Development Corporation, New York, Liberty
Revenue Bonds, 3 World Trade Center Project, Class 1 Series
2014
5
.000
11/15/44
29,861,074
4,000,000
New York State Housing Finance Agency, Affordable Housing
Revenue Bonds, Series 2014C
4
.000
11/01/46
3,677,765
7,210,000
New York State Thruway Authority, State Personal Income Tax
Revenue Bonds, Series 2021A-1
4
.000
03/15/55
6,297,849
10,000,000
New York State Thruway Authority, State Personal Income Tax
Revenue Bonds, Series 2025A-3
5
.000
03/15/48
10,340,320
5,000,000
New York State Thruway Authority, State Personal Income Tax
Revenue Bonds, Series 2026A
5
.000
09/15/54
5,095,185
13,370,000
New York State Urban Development Corporation, State
Personal Income Tax Revenue Bonds, General Purpose, Series
2020C
5
.000
03/15/47
13,779,210
10,000
(g)
New York State Urban Development Corporation, State
Personal Income Tax Revenue Bonds, General Purpose, Series
2020C, (Pre-refunded 9/15/30)
5
.000
03/15/50
10,809
4,110,000
New York State Urban Development Corporation, State
Personal Income Tax Revenue Bonds, General Purpose, Series
2020C
5
.000
03/15/50
4,208,438
2,000,000
New York State Urban Development Corporation, State
Personal Income Tax Revenue Bonds, General Purpose, Series
2022A
5
.000
03/15/46
2,072,239
19,000,000
New York State Urban Development Corporation, State Sales
Tax Revenue Bonds, Empire Series 2021A
4
.000
03/15/47
17,676,112
500,000
New York Transportation Development Corporation, New
York, Special Facilities Bonds, LaGuardia Airport Terminal B
Redevelopment Project, Series 2016A, (AMT)
5
.000
07/01/41
500,070
17,390,000
New York Transportation Development Corporation, New
York, Special Facilities Bonds, LaGuardia Airport Terminal B
Redevelopment Project, Series 2016A, (AMT)
5
.000
07/01/46
17,113,118
28,800,000
New York Transportation Development Corporation, New
York, Special Facilities Bonds, LaGuardia Airport Terminal B
Redevelopment Project, Series 2016A, (AMT)
5
.250
01/01/50
28,770,077
31
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW YORK
(continued)
$
2,000,000
New York Transportation Development Corporation, New York,
Special Facilities Revenue Bonds, Terminal 6 John F Kennedy
International Airport Redevelopment Project, Senior Green
Series 2024A, (AMT)
5
.250
%
12/31/54
$
2,032,507
40,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, American Airlines, Inc. John F
Kennedy International Airport Project, Refunding Series 2016,
(AMT)
5
.000
08/01/26
40,000
5,940,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, American Airlines, Inc. John F
Kennedy International Airport Project, Refunding Series 2016,
(AMT)
5
.000
08/01/31
5,939,697
2,325,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, American Airlines, Inc. John F
Kennedy International Airport Project, Series 2020, (AMT)
5
.250
08/01/31
2,408,348
5,000,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, John F Kennedy International
Airport New Terminal 1 Project, Green Series 2024 - AGM
Insured, (AMT)
5
.000
06/30/49
4,986,760
1,000,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, John F Kennedy International
Airport New Terminal 1 Project, Green Series 2024, (AMT)
5
.500
06/30/54
1,013,119
13,735,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, John F Kennedy International
Airport New Terminal 1 Project, Green Series 2024 - AGM
Insured, (AMT)
5
.250
06/30/60
13,833,686
10,060,000
(b)
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, John F Kennedy International
Airport New Terminal 1 Project, Green Series 2024 - AGM
Insured, (AMT), (UB)
5
.250
06/30/60
10,132,281
7,500,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, John F Kennedy International
Airport New Terminal 1 Project, Green Series 2024, (AMT)
5
.500
06/30/60
7,557,691
6,500,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, John F Kennedy International
Airport New Terminal 1 Project, Green Series 2024 - BAM
Insured, (AMT)
5
.500
06/30/60
6,640,234
15,190,000
(b)
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, John F Kennedy International
Airport Terminal One Project, Green Series 2025, (AMT), (UB)
5
.500
06/30/59
15,616,096
3,710,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, John F Kennedy International
Airport Terminal One Project, Green Series 2025, (AMT)
6
.000
06/30/59
3,886,933
2,790,000
New York Transportation Development Corporation, New
York, Special Facility Revenue Bonds, New Terminal 1 John
F Kennedy International Airport Project, Green Series 2023 -
AGM Insured, (AMT)
5
.000
06/30/49
2,782,612
5,000,000
New York Transportation Development Corporation, New
York, Special Facility Revenue Bonds, New Terminal 1 John
F Kennedy International Airport Project, Green Series 2023,
(AMT)
6
.000
06/30/54
5,160,122
3,000,000
New York Transportation Development Corporation, New York,
Special Facility Revenue Bonds, Terminal 4 John F Kennedy
International Airport Project, Series 2022, (AMT)
5
.000
12/01/39
3,097,901
3,050,000
New York Transportation Development Corporation, Special
Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport
Terminals C&D Redevelopment Project, Series 2018, (AMT)
5
.000
01/01/33
3,106,061
1,100,000
New York Transportation Development Corporation, Special
Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport
Terminals C&D Redevelopment Project, Series 2023, (AMT)
6
.000
04/01/35
1,212,898
5,000,000
Port Authority of New York and New Jersey, Consolidated
Revenue Bonds, Two Hundred Seventeen Series 2019
5
.000
11/01/44
5,201,366
1,500,000
Port Authority of New York and New Jersey, Consolidated
Revenue Bonds, Two Hundred Sixth Series 2017, (AMT)
5
.000
11/15/42
1,515,781
Portfolio of Investments July 31, 2026
(continued)
NAD
32
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW YORK
(continued)
$
2,835,000
Syracuse Industrial Development Authority, New York, PILOT
Revenue Bonds, Carousel Center Project, Refunding Series
2016A, (AMT)
5
.000
%
01/01/29
$
2,642,827
2,700,000
Syracuse Industrial Development Authority, New York, PILOT
Revenue Bonds, Carousel Center Project, Refunding Series
2016A, (AMT)
5
.000
01/01/34
2,217,172
4,455,000
Triborough Bridge and Tunnel Authority, New York, Real Estate
Transfer Tax Revenue Bonds, MTA Bridges and Tunnels, TBTA
Capital Lockbox Fund, Series 2025A
4
.500
12/01/56
4,246,239
6,110,000
Triborough Bridge and Tunnel Authority, New York, Sales
Tax Revenue Bonds, MTA Bridges & Tunnels, TBTA Capital
Lockbox-City Sales Tax, Series 2024A-1 - BAM Insured
5
.250
05/15/64
6,276,645
1,250,000
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series
2006
5
.000
06/01/45
1,171,610
2,850,000
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series
2006
5
.000
06/01/48
2,650,326
820,000
Westchester County Local Development Corporation, New
York, Revenue Bonds, Westchester Medical Center Obligated
Group Project, Series 2023 - AGM Insured
5
.750
11/01/48
874,391
TOTAL NEW YORK
402,223,432
NORTH CAROLINA - 1.9% (1.1% of Total Investments)
2,500,000
Greater Asheville Regional Airport Authority, North Carolina,
Airport System Revenue Bonds, Series 2022A, (AMT)
5
.500
07/01/52
2,566,294
7,555,000
North Carolina Department of Transportation, Private Activity
Revenue Bonds, I-77 Hot Lanes Project, Series 2015, (AMT)
5
.000
06/30/54
7,300,994
4,160,000
North Carolina Housing Finance Agency, Home Ownership
Revenue Bonds, 1998 Trust Agreement Series 54-A
4
.700
07/01/50
4,098,060
11,145,000
North Carolina Medial Care Commission, Health Care Facilities
Revenue Bonds, Rex Healthcare, Series 2020A
4
.000
07/01/49
10,418,388
1,570,000
North Carolina Medical Care Commission,  Retirement
Facilities First Mortgage Revenue Bonds, Southminster Project,
Refunding Series 2016
5
.000
10/01/31
1,572,044
1,655,000
North Carolina Medical Care Commission, Health Care
Facilities Revenue Bonds, Deerfield Episcopal Retirement
Community, Refunding First Mortgage Series 2016
5
.000
11/01/37
1,657,888
11,480,000
North Carolina Turnpike Authority, Triangle Expressway System
Revenue Bonds, Senior Lien Series 2019
5
.000
01/01/49
11,544,063
3,000,000
North Carolina Turnpike Authority, Triangle Expressway System
Revenue Bonds, Senior Lien Series 2019
5
.000
01/01/49
3,040,269
10,000,000
North Carolina Turnpike Authority, Triangle Expressway System
Revenue Bonds, Senior Lien Series 2024A
5
.000
01/01/58
10,132,819
TOTAL NORTH CAROLINA
52,330,819
NORTH DAKOTA - 0.2% (0.1% of Total Investments)
520,000
Grand Forks, North Dakota, Health Care System Revenue
Bonds, Altru Health System Obligated Group, Series 2023A -
AGM Insured
5
.000
12/01/53
521,279
700,000
Grand Forks, North Dakota, Senior Housing & Nursing Facilities
Revenue Bonds, Valley Homes and Services Obligated Group,
Series 2017
5
.000
12/01/36
688,554
1,400,000
Horace, Cass County, North Dakota, General Obligation Bonds,
Refunding Improvement Series 2024C
5
.000
05/01/50
1,309,820
1,350,000
(b)
North Dakota Housing Finance Agency, Home Mortgage
Finance Program Bonds, Social Series 2024A, (UB)
4
.750
01/01/52
1,328,057
3,000,000
Ward County Health Care, North Dakota, Revenue Bonds,
Trinity Obligated Group, Series 2017C
5
.000
06/01/48
2,701,564
TOTAL NORTH DAKOTA
6,549,274
33
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
OHIO - 4.4% (2.6% of Total Investments)
$
6,250,000
(g)
Akron, Bath and Copley Joint Township Hospital District,
Ohio, Hospital Facilities Revenue Bonds, Summa Health
System, Refunding & Improvement Series 2016, (Pre-refunded
11/15/26)
5
.250
%
11/15/46
$
6,287,726
6,000,000
Allen County, Ohio, Hospital Facilities Revenue Bonds, Mercy
Health, Series 2017A
4
.000
08/01/36
5,986,059
22,740,000
(f)
Buckeye Tobacco Settlement Financing Authority, Ohio,
Tobacco Settlement Asset-Backed Revenue Bonds, Refunding
Senior Lien Capital Appreciation Series 2020B-3 Class 2
0
.000
06/01/57
1,516,010
10,000,000
Buckeye Tobacco Settlement Financing Authority, Ohio,
Tobacco Settlement Asset-Backed Revenue Bonds, Refunding
Senior Lien Series 2020B-2 Class 2
5
.000
06/01/55
7,574,769
3,960,000
Butler County, Ohio,  Hospital Facilities Revenue Bonds, UC
Health, Refunding Series 2017
4
.000
11/15/34
3,809,710
3,000,000
Butler County, Ohio,  Hospital Facilities Revenue Bonds, UC
Health, Refunding Series 2017
4
.000
11/15/35
2,854,867
2,875,000
Chillicothe, Ohio, Hospital Facilities Revenue Bonds, Adena
Health System Obligated Group Project, Refunding &
Improvement Series 2017
5
.000
12/01/47
2,835,326
2,000,000
Columbus Regional Airport Authority, Ohio, Revenue Bonds,
John Glenn Columbus International Airport, Series 2025A,
(AMT)
5
.500
01/01/50
2,087,784
2,500,000
(d)
Columbus-Franklin County Finance Authority, Ohio, Revenue
Bonds, Bridge Park G Block Project, Public Infrastructure Series
2022
5
.000
12/01/45
2,528,189
1,000,000
County of Lucas, Ohio, Hospital Revenue Bonds, ProMedica
Healthcare Obligated Group, Series 2018A
5
.250
11/15/48
996,103
7,465,000
Cuyahoga County, Ohio, General Obligation Bonds, Limited
Tax Capital Facilities Series 2026
5
.000
12/01/64
7,537,063
1,500,000
Cuyahoga County, Ohio, Hospital Revenue Bonds, MetroHealth
System, Series 2017
5
.250
02/15/47
1,501,219
4,795,000
Fairfield County, Ohio, Hospital Facilities Revenue Bonds,
Fairfield Medical Center Project, Series 2013
5
.000
06/15/43
4,119,539
1,000,000
Franklin County Convention Facilities Authority, Ohio, Hotel
Project Revenue Bonds, Greater Columbus Convention Center
Hotel Expansion Project, Series 2019
5
.000
12/01/44
992,171
1,500,000
Greater Cincinnati Port Development Authority, Ohio, Tax
Increment Revenue Bonds, RBM Phase 3 Garage Project Series
2024
5
.125
12/01/55
1,490,685
5,000,000
Hamilton County, Ohio, Hospital Facilities Revenue Bonds,
TriHealth, Inc. Obligated Group Project, Series 2017A
5
.000
08/15/42
5,044,973
1,000,000
Hamilton County, Ohio, Hospital Facilities Revenue Bonds, UC
Health, Series 2025A
5
.500
08/01/51
1,008,142
3,780,000
(c),(d)
Jefferson County Port Authority, Ohio, Economic Development
Revenue Bonds, JSW Steel USA Ohio, Inc. Project, Series 2023,
(AMT), (Mandatory Put 12/01/28)
5
.000
12/01/53
3,846,128
2,000,000
Muskingum County, Ohio, Hospital Facilities Revenue Bonds,
Genesis HealthCare System Obligated Group Project, Series
2013
5
.000
02/15/33
2,000,950
5,000,000
(d)
Ohio Air Quality Development Authority, Ohio, Exempt
Facilities Revenue Bonds, AMG Vanadium Project, Series 2019,
(AMT)
5
.000
07/01/49
4,540,162
1,200,000
Ohio Air Quality Development Authority, Ohio, Pollution
Control Revenue Bonds, FirstEnergy Generation Corporation
Project, Refunding Series 2009D
3
.375
08/01/29
1,177,721
1,000,000
Ohio Air Quality Development Authority, Ohio, Pollution
Control Revenue Bonds, FirstEnergy Nuclear Generation
Project, Refunding Series 2009A
4
.750
06/01/33
1,020,896
1,500,000
Ohio Higher Educational Facility Commission, Higher
Educational Facility Revenue Bonds, John Carroll University
2020 Project, Series 2020
4
.000
10/01/50
1,174,626
2,000,000
Ohio Higher Educational Facility Commission, Higher
Educational Facility Revenue Bonds, John Carroll University
2022 Project, Series 2022
4
.000
10/01/52
1,534,733
Portfolio of Investments July 31, 2026
(continued)
NAD
34
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
OHIO
(continued)
$
3,710,000
(e)
Ohio State, Turnpike Revenue Bonds, Ohio Turnpike and
Infrastructutre Commission Infrastructure Projects, Junior Lien,
Capital Appreciation Series 2013A-3
5
.800
%
02/15/36
$
4,079,120
3,375,000
Ohio State, Turnpike Revenue Bonds, Ohio Turnpike and
Infrastructutre Commission, Infrastructure Projects, Junior Lien
Series 2018A
4
.000
02/15/38
3,330,646
16,325,000
Ohio State, Turnpike Revenue Bonds, Ohio Turnpike and
Infrastructutre Commission, Infrastructure Projects, Junior Lien
Series 2018A
5
.000
02/15/43
16,567,505
5,450,000
Ohio Water Development Authority, Pollution Control Revenue
Refunding Bonds, FirstEnergy Nuclear Generating Corporation
Project, Series 2009A
4
.750
06/01/33
5,563,884
4,250,000
Pickerington Local School District, Fairfield and Franklin
Counties, Ohio, General Obligation Bonds, School Facilities
Construction & Improvement, Series 2023
5
.250
12/01/59
4,368,341
3,770,000
Port of Greater Cincinnati Development Authority, Ohio, Duke
Energy Convention Center Project, TOT First Subordinate
Development Revenue Bonds, Refunding Series 2024B - AGM
Insured
4
.250
12/01/48
3,547,021
2,310,000
Springboro Community City School District, Warren County,
Ohio, General Obligation Bonds, School Improvement Series
2026 - BAM Insured
5
.250
12/01/61
2,384,618
6,000,000
West Holmes Local School District, Ohio, Certificates of
Participation, Series 2023 - BAM Insured
5
.250
12/01/53
6,118,884
TOTAL OHIO
119,425,570
OKLAHOMA - 0.8% (0.5% of Total Investments)
1,700,000
Oklahoma Development Finance Authority, Health System
Revenue Bonds, OU Medicine Project, Series 2018B
5
.500
08/15/57
1,683,885
1,800,000
Oklahoma Development Finance Authority, Health System
Revenue Bonds, OU Medicine Project, Taxable Series 2022
5
.500
08/15/41
1,809,713
6,815,000
Oklahoma State Turnpike Authority, Turnpike System Revenue
Bonds, Second Senior Series 2017C
5
.000
01/01/47
6,834,835
10,000,000
Oklahoma State Turnpike Authority, Turnpike System Revenue
Bonds, Second Senior Series 2025A
4
.250
01/01/55
9,425,286
1,000,000
Tulsa County Industrial Authority, Oklahoma, Senior Living
Community Revenue Bonds, Montereau, Inc Project, Refunding
Series 2017
5
.250
11/15/37
1,006,305
TOTAL OKLAHOMA
20,760,024
OREGON - 2.5% (1.5% of Total Investments)
1,455,000
Astoria Hospital Facilities Authority, Oregon, Hospital Revenue
Bonds, Columbia Memorial Hospital Project, Series 2024
5
.250
08/01/49
1,460,426
2,435,000
(e)
Beaverton School District 48J, Washington and Multnomah
Counties, Oregon, General Obligation Bonds, Convertible
Deferred Interest Series 2017D
5
.000
06/15/36
2,472,595
725,000
Clackamas County Hospital Facility Authority, Oregon, Revenue
Bonds, Rose Villa Inc., Series 2020A
5
.250
11/15/50
707,607
4,875,000
Deschutes County Hospital Facility Authority, Oregon, Hospital
Revenue Bonds, Saint Charles Health System, Inc., Series
2016A
5
.000
01/01/48
4,874,775
3,180,000
Oregon Facilities Authority, Revenue Bonds, Legacy Health
Project, Series 2016A
5
.000
06/01/46
3,180,481
2,410,000
Oregon Facilities Authority, Revenue Bonds, Legacy Health
Project, Series 2022A
5
.000
06/01/52
2,419,429
4,250,000
Port of Portland, Oregon, International Airport Revenue Bonds,
Green Series 2023-29, (AMT)
5
.500
07/01/53
4,403,209
6,645,000
Port of Portland, Oregon, International Airport Revenue Bonds,
Series 2017-24B, (AMT)
5
.000
07/01/47
6,648,720
15,440,000
Salem Hospital Facility Authority, Oregon, Revenue Bonds,
Salem Health Projects, Refunding Series 2016A
5
.000
05/15/46
15,443,076
30,870,000
Salem Hospital Facility Authority, Oregon, Revenue Bonds,
Salem Health Projects, Series 2019A
4
.000
05/15/49
26,656,745
TOTAL OREGON
68,267,063
35
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
PENNSYLVANIA - 6.3% (3.7% of Total Investments)
$
13,000,000
(b)
Allegheny County Airport Authority, Pennsylvania, Airport
Revenue Bonds, Pittsburgh International Airport, Series 2021A,
(AMT), (UB)
5
.000
%
01/01/51
$
12,954,812
1,000,000
Allegheny County Sanitary Authority, Pennsylvania, Sewer
Revenue Bonds, Series 2020B
4
.000
06/01/45
942,561
1,765,000
Allegheny County Sanitary Authority, Pennsylvania, Sewer
Revenue Bonds, Series 2020B
4
.000
06/01/50
1,572,964
3,800,000
(c)
Beaver County Industrial Development Authority, Pennsylvania,
Pollution Control Revenue Bonds, FirstEnergy Generation
Project, Refunding Series 2006A, (Mandatory Put 7/01/33)
4
.750
01/01/35
3,905,905
345,000
Commonwealth Financing Authority, Pennsylvania, State
Appropriation Lease Bonds, Master Settlement, Series 2018
5
.000
06/01/34
355,216
5,400,000
(f)
Lehigh County Authority, Pennsylvania, Water and Sewer
Revenue Bonds, Allentown Concession, Capital Appreciation
Series 2013B
0
.000
12/01/33
4,076,966
11,000,000
(f)
Lehigh County Authority, Pennsylvania, Water and Sewer
Revenue Bonds, Allentown Concession, Capital Appreciation
Series 2013B
0
.000
12/01/38
6,374,072
5,410,000
(b)
Lehigh County General Purpose Authority, Pennsylvania,
Hospital Revenue Bonds, Lehigh Valley Health Network, Series
2019A, (UB)
5
.000
07/01/44
5,452,357
2,400,000
Montgomery County Higher Education and Health Authority,
Pennsylvania, Revenue Bonds, Thomas Jefferson University,
Series 2018A
5
.000
09/01/35
2,452,814
5,000,000
Northampton County General Purpose Authority, Pennsylvania,
Hospital Revenue Bonds, Saint Luke's University Health
Network Project, Series 2024A-1
5
.250
08/15/53
5,192,685
235,000
Pennsylvania Economic Development Financing Authority,
Exempt Facilities Revenue Bonds, National Gypsum Company,
Refunding Series 2014, (AMT)
5
.500
11/01/44
234,973
1,000,000
(c)
Pennsylvania Economic Development Financing Authority,
Exempt Facilities Revenue Bonds, PPL Energy Supply, LLC
Project, Refunding Series 2009C, (Mandatory Put 6/01/27)
5
.250
12/01/37
1,000,748
2,000,000
Pennsylvania Economic Development Financing Authority,
Pennsylvania, Private Activity Revenue Bonds, The PennDOT
Major Bridges Package One Project, Series 2022, (AMT)
5
.250
06/30/53
2,017,387
7,730,000
(b)
Pennsylvania Economic Development Financing Authority,
Pennsylvania, Revenue Bonds, Villanova University Project,
Series 2024, (UB)
4
.000
08/01/54
6,914,351
5,000,000
Pennsylvania Economic Development Financing Authority,
Revenue Bonds, University of Pittsburgh Medical Center, Series
2026A
5
.000
12/15/56
4,980,852
1,000,000
(c),(d)
Pennsylvania Economic Development Financing Authority,
Solid Waste Disposal Revenue Bonds, Core Natural Resources
Inc., Project, Series 2025, (AMT), (Mandatory Put 3/27/35)
5
.450
01/01/51
1,080,230
2,000,000
(d)
Pennsylvania Economic Development Financing Authority,
Solid Waste Disposal Revenue Bonds, Covanta Project, Green
Series 2019A, (AMT)
3
.250
08/01/39
1,552,738
6,670,000
(b)
Pennsylvania Higher Educational Facilities Authority, Revenue
Bonds, Thomas Jefferson University, Series 2024B-1, (UB)
4
.250
11/01/48
6,191,317
12,920,000
(b)
Pennsylvania Higher Educational Facilities Authority, Revenue
Bonds, Thomas Jefferson University, Series 2024B-1, (UB)
4
.250
11/01/51
11,671,357
10,000,000
(b)
Pennsylvania Higher Educational Facilities Authority, Revenue
Bonds, Thomas Jefferson University, Series 2024B-2, (UB)
4
.375
11/01/54
9,097,185
4,000,000
Pennsylvania Higher Educational Facilities Authority, Revenue
Bonds, Thomas Jefferson University, Series 2024B-2
5
.000
11/01/54
3,904,820
12,000,000
(b)
Pennsylvania Higher Educational Facilities Authority, Revenue
Bonds, Thomas Jefferson University, Series 2024B-2, (UB)
5
.000
11/01/54
11,714,460
9,575,000
Pennsylvania Higher Educational Facilities Authority, Revenue
Bonds, University of Pennsylvania Health System, Series 2019
4
.000
08/15/44
8,981,295
2,500,000
Pennsylvania Higher Educational Facilities Authority, Revenue
Bonds, University of Pennsylvania Health System, Series 2025
5
.500
08/15/55
2,664,442
6,000,000
Pennsylvania Higher Educational Facilities Authority, Revenue
Bonds, University of Pennsylvania Trustees, Series 2025A
4
.250
02/15/55
5,689,693
Portfolio of Investments July 31, 2026
(continued)
NAD
36
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
PENNSYLVANIA
(continued)
$
12,000,000
(b)
Pennsylvania Housing Finance Agency, Single Family Mortgage
Revenue Bonds, Social Series 2024-144A, (UB)
4
.600
%
10/01/49
$
11,659,400
7,385,000
Pennsylvania Housing Finance Agency, Single Family Mortgage
Revenue Bonds, Social Series 2024-145A
4
.750
10/01/49
7,317,252
16,750,000
(e)
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds,
Capital Appreciation Series 2009E
6
.375
12/01/38
17,384,934
3,635,000
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds,
Series 2022B
5
.250
12/01/52
3,755,148
2,605,000
Philadelphia Authority for Industrial Development Senior Living
Facilities, Philadelphia, Pennsylvania, Revenue Bonds, Wesley
Enhanced Living Obligated Group, Series 2017A
5
.000
07/01/49
2,377,811
3,000,000
Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding
Series 2017B, (AMT)
5
.000
07/01/47
3,002,784
4,500,000
Union County Hospital Authority, Pennsylvania, Hospital
Revenue Bonds, Evangelical Community Hospital Project,
Series 2018B
5
.000
08/01/48
4,412,071
TOTAL PENNSYLVANIA
170,885,600
PUERTO RICO - 2.5% (1.5% of Total Investments)
1,580,000
Children's Trust Fund, Puerto Rico, Tobacco Settlement Asset-
Backed Bonds, Refunding Series 2002
5
.500
05/15/39
1,602,964
34,000
(f)
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
0
.000
07/01/27
33,050
88,000
(f)
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
0
.000
07/01/29
79,831
114,000
(f)
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
0
.000
07/01/31
96,655
128,000
(f)
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
0
.000
07/01/33
100,110
1,093,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
4
.500
07/01/34
1,090,037
19,000,000
(f)
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
0
.000
07/01/46
6,948,030
17,713,000
(f)
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
0
.000
07/01/51
4,706,436
13,565,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
4
.750
07/01/53
12,897,557
29,205,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
5
.000
07/01/58
28,103,788
1,000,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Taxable Restructured Cofina Project Series
2019A-2
4
.329
07/01/40
977,503
3,291,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Taxable Restructured Cofina Project Series
2019A-2
4
.329
07/01/40
3,216,962
20,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Taxable Restructured Cofina Project Series
2019A-2
4
.536
07/01/53
18,448
9,000,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Taxable Restructured Cofina Project Series
2019A-2
4
.784
07/01/58
8,520,801
TOTAL PUERTO RICO
68,392,172
RHODE ISLAND - 0.2% (0.1% of Total Investments)
2,140,000
Rhode Island Housing & Mortgage Finance Corporation,
Homeownership Opportunity Bond Program, Social 2023
Series 80A
4
.650
10/01/53
2,066,644
30,175,000
(f)
Rhode Island Tobacco Settlement Financing Corporation,
Tobacco Settlement Asset-Backed Bonds, Series 2007A
0
.000
06/01/52
4,052,575
TOTAL RHODE ISLAND
6,119,219
37
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SOUTH CAROLINA - 5.2% (3.0% of Total Investments)
$
3,500,000
Charleston County Airport District, South Carolina, Airport
Revenue Bonds, Series 2024A, (AMT)
5
.250
%
07/01/49
$
3,584,167
10,975,000
Florence, South Carolina, Combined Waterworks and
Sewerage System Revenue Bonds, Capital Improvement Series
2025
4
.000
09/01/55
9,808,932
3,175,000
Lancaster County, South Carolina, Assessment Revenue Bonds,
Walnut Creek Improvement District, Series 2016A-1
5
.000
12/01/37
3,137,974
7,500,000
Lexington County Health Services District, Inc., South Carolina,
Hospital Revenue Bonds, Lexington Medical Center, Series
2016
5
.000
11/01/41
7,503,470
2,500,000
Medical University Hospital Authority, South Carolina, FHA-
Insured Mortgage Revenue Bonds, Indian Land Project, Series
2025
5
.250
11/15/50
2,565,895
21,565,000
(f)
Piedmont Municipal Power Agency, South Carolina, Electric
Revenue Bonds, Series 2004A-2 - AMBAC Insured
0
.000
01/01/30
19,158,937
1,250,000
(f)
Piedmont Municipal Power Agency, South Carolina, Electric
Revenue Bonds, Series 2004A-2 - AGC Insured
0
.000
01/01/31
1,071,732
1,640,000
South Carolina Jobs-Economic Development Authority,
Economic Development Revenue Bonds, Furman University,
Refunding Series 2015
5
.000
10/01/45
1,639,963
3,500,000
(d)
South Carolina Jobs-Economic Development Authority,
Economic Development Revenue Bonds, Hilton Head Christian
Academy, Series 2020
5
.000
01/01/55
2,899,605
1,000,000
(d)
South Carolina Jobs-Economic Development Authority,
Educational Facilities Revenue Bonds, Virtus Academy Project,
Series 2021A
5
.000
06/15/51
774,546
2,100,000
South Carolina Jobs-Economic Development Authority, Health
Care Facilities Revenue Bonds, Novant Health Group, Series
2024A
5
.500
11/01/50
2,208,289
10,000,000
South Carolina Jobs-Economic Development Authority, Health
Care Facilities Revenue Bonds, Novant Health Group, Series
2024A
4
.500
11/01/54
9,492,943
10,000,000
(b)
South Carolina Jobs-Economic Development Authority, Health
Care Facilities Revenue Bonds, Novant Health Group, Series
2024A, (UB)
4
.500
11/01/54
9,492,943
500,000
South Carolina Jobs-Economic Development Authority,
Healthcare Revenue Bonds, Beaufort Memorial Hospital &
South of Broad Healthcare Project, Series 2024
5
.750
11/15/54
499,946
5,255,000
South Carolina Jobs-Economic Development Authority,
Hospital Revenue Bonds, Bon Secours Mercy Health, Inc, Series
2020A
5
.000
12/01/46
5,382,821
2,500,000
South Carolina Jobs-Economic Development Authority,
Hospital Revenue Bonds, McLeod Health Projects, Refunding &
Improvement Series 2018
4
.000
11/01/48
2,226,087
6,610,000
South Carolina Jobs-Economic Development Authority,
Hospital Revenue Bonds, McLeod Health Projects, Refunding &
Improvement Series 2018
5
.000
11/01/48
6,656,184
4,000,000
South Carolina Public Service Authority, Santee Cooper
Revenue Obligations, Refunding & Improvement Series 2015A
5
.000
12/01/50
3,962,265
9,750,000
South Carolina Public Service Authority, Santee Cooper
Revenue Obligations, Refunding Series 2016B
5
.000
12/01/46
9,766,493
9,000,000
South Carolina Public Service Authority, Santee Cooper
Revenue Obligations, Refunding Series 2016B
5
.000
12/01/56
8,760,536
2,500,000
South Carolina Public Service Authority, Santee Cooper
Revenue Obligations, Refunding Series 2022A
4
.000
12/01/52
2,163,830
6,587,000
South Carolina Public Service Authority, Santee Cooper
Revenue Obligations, Refunding Series 2022B
4
.000
12/01/43
6,197,513
2,750,000
South Carolina State Ports Authority, Revenue Bonds, Series
2018, (AMT)
5
.000
07/01/55
2,659,475
10,000,000
South Carolina State Ports Authority, Revenue Bonds, Series
2019B, (AMT)
5
.000
07/01/44
10,073,859
10,365,000
(b)
South Carolina State Ports Authority, Revenue Bonds, Series
2019B, (AMT), (UB)
5
.000
07/01/54
10,046,092
TOTAL SOUTH CAROLINA
141,734,497
Portfolio of Investments July 31, 2026
(continued)
NAD
38
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SOUTH DAKOTA - 0.5% (0.3% of Total Investments)
$
3,750,000
Clay County, South Dakota, General Obligation Bonds, Series
2023
5
.000
%
12/01/44
$
3,921,637
5,915,000
South Dakota Health and Educational Facilities Authority,
Revenue Bonds, Regional Health, Refunding Series 2017
5
.000
09/01/40
5,962,313
1,615,000
South Dakota Health and Educational Facilities Authority,
Revenue Bonds, Sanford Health, Series 2014B
5
.000
11/01/44
1,617,389
2,905,000
South Dakota Health and Educational Facilities Authority,
Revenue Bonds, Sanford Health, Series 2015
5
.000
11/01/45
2,908,829
TOTAL SOUTH DAKOTA
14,410,168
TENNESSEE - 3.3% (1.9% of Total Investments)
13,450,000
Chattanooga Health, Educational and Housing Facility Board,
Tennessee, Health System Revenue Bonds, Erlanger Health
Series 2024
5
.250
12/01/54
13,718,088
7,885,000
(b)
Chattanooga Health, Educational and Housing Facility Board,
Tennessee, Revenue Bonds, CommonSpirit Health, Series
2019A-2, (UB)
5
.000
08/01/49
7,930,802
6,400,000
Cleveland Health and Educational Facilities Board, Tennessee,
Revenue Bonds, Hamilton Health Care System, Inc. Project,
Series 2024A
5
.250
08/15/54
6,538,588
9,000,000
Greeneville Health and Educational Facilities Board, Tennessee,
Hospital Revenue Bonds, Ballad Health, Series 2018A
5
.000
07/01/36
9,176,997
5,000,000
Greeneville Health and Educational Facilities Board, Tennessee,
Hospital Revenue Bonds, Ballad Health, Series 2018A
4
.000
07/01/40
4,654,920
17,000,000
Knox County Health, Educational and Housing Facility Board,
Tennessee, Hospital Revenue Bonds, Covenant Health,
Refunding Series 2016A
5
.000
01/01/42
17,046,716
1,350,000
Knox County Health, Educational, and Housing Facilities
Board, Revenue Bonds, Provident Group - UTK Properties
LLC - University of Tennessee Project, Student Housing Series
2024A-1 - BAM Insured
5
.500
07/01/54
1,392,944
6,000,000
Metropolitan Government of Nashville and Davidson County
Sports Authority, Tennessee, Revenue Bonds, Stadium Project,
Subordinate Senior Series 2023A - AGM Insured
5
.250
07/01/48
6,277,096
4,000,000
Metropolitan Government of Nashville and Davidson County
Sports Authority, Tennessee, Revenue Bonds, Stadium Project,
Subordinate Senior Series 2023A - AGM Insured
5
.250
07/01/53
4,128,986
3,000,000
Metropolitan Government of Nashville-Davidson County
Health and Educational Facilities Board, Tennessee, Revenue
Bonds, Belmont University, Series 2023
5
.250
05/01/53
3,034,500
4,500,000
(b)
Metropolitan Nashville Airport Authority, Tennessee, Airport
Improvement Revenue Bonds, Series 2022B, (AMT), (UB)
5
.250
07/01/47
4,621,669
2,000,000
(b)
Metropolitan Nashville Airport Authority, Tennessee, Airport
Improvement Revenue Bonds, Series 2022B, (AMT), (UB)
5
.500
07/01/52
2,061,290
3,695,000
Metropolitan Nashville Airport Authority, Tennessee, Airport
Improvement Revenue Bonds, Series 2026B, (AMT)
5
.250
07/01/51
3,809,807
2,005,000
(b)
Tennessee Housing Development Agency, Residential Finance
Program Bonds, Social Series 2024-1A, (UB)
4
.700
07/01/49
1,991,892
1,080,000
Tennessee Housing Development Agency, Residential Finance
Program Bonds, Social Series 2025-1A
5
.000
07/01/50
1,090,360
2,205,000
The Tennessee Energy Acquisition Corporation, Gas Revenue
Bonds, Series 2006A
5
.250
09/01/26
2,208,250
TOTAL TENNESSEE
89,682,905
TEXAS - 13.8% (8.0% of Total Investments)
2,600,000
Allen Independent School District, Collin County, Texas,
General Obligation Bonds, School Building Series 2025
4
.375
02/15/50
2,500,245
3,430,000
Arlington Higher Education Finance Corporation, Texas,
Education Revenue Bonds, Legacy Traditional Schools - Texas
Project, Refunding Series 2021A
4
.375
02/15/51
2,536,072
1,500,000
(d)
Arlington Higher Education Finance Corporation, Texas,
Education Revenue Bonds, Legacy Traditional Schools - Texas
Project, Refunding Series 2022A
6
.750
02/15/62
1,491,072
3,000,000
Arlington Higher Education Finance Corporation, Texas,
Education Revenue Bonds, Lifeschool of Dallas Series 2024
4
.125
08/15/54
2,634,936
39
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TEXAS
(continued)
$
22,775,000
Austin, Texas, Airport System Revenue Bonds, Series 2019B,
(AMT)
5
.000
%
11/15/44
$
23,086,992
800,000
(d)
Bastrop County, Texas, Special Assessment Revenue Bonds,
Double Eagle Ranch Public Improvement District Improvement
Area 2 Project Series 2024
5
.500
09/01/54
802,785
3,130,000
Birdville Independent School District, Texas
4
.250
02/15/52
2,897,102
8,760,000
Carrollton-Farmers Branch Independent School District, Dallas
County, Texas, General Obligation Bonds, School Building
Series 2025
5
.000
02/15/55
8,976,049
625,000
(d)
Celina, Texas, Special Assessment Revenue Bonds, Mosaic
Public Improvement District Improvement Area 2 Project Series
2024
5
.500
09/01/54
628,460
1,880,000
(d)
Celina, Texas, Special Assessment Revenue Bonds, The Parks
at Wilson Creek Public Improvement District Initial Major
Improvement Project, Series 2021
4
.500
09/01/51
1,630,816
2,945,000
(f)
Central Texas Regional Mobility Authority, Revenue Bonds,
Senior Lien Series 2010
0
.000
01/01/36
2,008,299
2,205,000
(f)
Central Texas Regional Mobility Authority, Revenue Bonds,
Senior Lien Series 2010
0
.000
01/01/37
1,421,594
2,160,000
(f)
Central Texas Regional Mobility Authority, Revenue Bonds,
Senior Lien Series 2010
0
.000
01/01/38
1,312,900
1,000,000
(f)
Central Texas Regional Mobility Authority, Revenue Bonds,
Senior Lien Series 2010
0
.000
01/01/40
527,422
1,000,000
Clifton Higher Education Finance Corporation, Texas,
Education Revenue Bonds, Uplift Education Charter School,
Series 2013A
4
.350
12/01/42
923,973
1,000,000
Clifton Higher Education Finance Corporation, Texas,
Education Revenue Bonds, Uplift Education Charter School,
Series 2013A
4
.400
12/01/47
891,686
5,000,000
Community Independent School District, Collin & Hunt
Counties, Texas, General Obligation Bonds, School Building
Series 2023
5
.000
02/15/53
5,096,790
4,790,000
Corpus Christi, Texas, Utility System Revenue Bonds, Refunding
& Improvement Senior Lien Series 2023
4
.000
07/15/48
4,194,626
3,270,000
Crowley Independent School District, Tarrant and Johnson
Counties, Texas, General Obligation Bonds, School Building
Series 2023
5
.000
02/01/48
3,362,176
2,000,000
Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds,
Refunding & Improvement Senior Lien Series 2021B
5
.000
12/01/47
2,046,424
5,000,000
Dallas, Texas, Waterworks and Sewer System Revenue Bonds,
Refunding Series 2016A
5
.000
10/01/41
5,008,397
2,645,000
(i)
Denton, Texas, Certificates of Obligation, Series 2026
4
.250
02/15/47
2,527,380
2,000,000
Fort Bend County Industrial Development Corporation, Texas,
Revenue Bonds, NRG Energy Inc. Project, Series 2012B
4
.750
11/01/42
1,992,615
1,000,000
Grand Parkway Transportation Corporation, Texas, System
Toll Revenue Bonds, Refunding First Tier Series 2020C - AGM
Insured
4
.000
10/01/49
888,312
1,895,000
Harris County Cultural Education Facilities Finance
Corporation, Texas, Revenue Bonds, Houston Methodist
Hospital System, Series 2015
4
.000
12/01/45
1,720,546
705,000
Harris County Cultural Education Facilities Finance
Corporation, Texas, Revenue Refunding Bonds, Young Men's
Christian Association of the Greater Houston Area, Series
2013A
5
.000
06/01/28
698,925
3,000,000
Harris County Cultural Education Facilities Finance
Corporation, Texas, Revenue Refunding Bonds, Young Men's
Christian Association of the Greater Houston Area, Series
2013A
5
.000
06/01/38
2,650,473
5,000,000
Harris County Flood Control District, Texas, General Obligation
Bonds, Refunding Improvement, Green Series 2023A
4
.000
09/15/48
4,492,657
5,150,000
Harris County, Texas, Toll Road Revenue Bonds, Refunding
Senior Lien Series 2016A
5
.000
08/15/41
5,153,149
5,000,000
Harris County, Texas, Toll Road Revenue Bonds, Refunding
Senior Lien Series 2018A
4
.000
08/15/48
4,382,948
Portfolio of Investments July 31, 2026
(continued)
NAD
40
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TEXAS
(continued)
$
510,000
(f)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Capital Appreciation Refunding Senior Lien Series 2014A -
AGM Insured
0
.000
%
11/15/41
$
247,628
1,020,000
(f)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Capital Appreciation Refunding Senior Lien Series 2014A -
AGM Insured
0
.000
11/15/42
468,312
1,255,000
(f)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Capital Appreciation Refunding Senior Lien Series 2014A -
AGM Insured
0
.000
11/15/43
545,953
3,305,000
(f)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Capital Appreciation Refunding Senior Lien Series 2014A -
AGM Insured
0
.000
11/15/44
1,358,105
4,460,000
(f)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Capital Appreciation Refunding Senior Lien Series 2014A -
AGM Insured
0
.000
11/15/45
1,731,233
6,500,000
(f)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Capital Appreciation Refunding Senior Lien Series 2014A -
AGM Insured
0
.000
11/15/47
2,211,817
50,000
(f),(g)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H - NPFG Insured, (ETM)
0
.000
11/15/29
44,829
4,390,000
(f),(g)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H - NPFG Insured, (ETM)
0
.000
11/15/29
3,935,980
105,000
(f),(g)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H - NPFG Insured, (ETM)
0
.000
11/15/30
90,711
625,000
(f),(g)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H - NPFG Insured, (ETM)
0
.000
11/15/30
539,945
4,065,000
(f),(g)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H - NPFG Insured, (ETM)
0
.000
11/15/31
3,378,718
3,505,000
(f),(g)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H - NPFG Insured, (ETM)
0
.000
11/15/31
2,913,261
210,000
(f),(g)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H, (Pre-refunded 11/15/31) - NPFG
Insured
0
.000
11/15/32
164,330
260,000
(f),(g)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H, (Pre-refunded 11/15/31)
0
.000
11/15/33
191,313
2,045,000
(f),(g)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H, (Pre-refunded 11/15/31) - NPFG
Insured
0
.000
11/15/34
1,415,071
210,000
(f),(g)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H, (Pre-refunded 11/15/31) - NPFG
Insured
0
.000
11/15/36
128,447
920,000
(f)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H - NPFG Insured
0
.000
11/15/36
535,493
695,000
(f),(g)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H, (Pre-refunded 11/15/31) - NPFG
Insured
0
.000
11/15/38
375,355
3,675,000
(f)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H - NPFG Insured
0
.000
11/15/38
1,863,313
675,000
(f),(g)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H, (Pre-refunded 11/15/31) - NPFG
Insured
0
.000
11/15/39
342,462
1,585,000
(f)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Junior Lien Series 2001H - NPFG Insured
0
.000
11/15/39
753,420
3,440,000
(f)
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Senior Lien Series 2001G - NPFG Insured
0
.000
11/15/41
1,456,095
5,000,000
Houston, Texas, Airport System Revenue Bonds, Refunding
Subordinate Lien Series 2023A - AGM Insured, (AMT)
5
.250
07/01/53
5,104,725
4,000,000
Houston, Texas, Airport System Revenue Bonds, Refunding
Subordinate Lien Series 2025A, (AMT)
5
.500
07/01/55
4,170,967
5,000,000
Houston, Texas, Airport System Special Facilities Revenue
Bonds, United Airlines, Inc. Technical Operations Center
Project, Series 2018, (AMT)
5
.000
07/15/28
5,118,812
41
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TEXAS
(continued)
$
235,000
Houston, Texas, Airport System Special Facilities Revenue
Bonds, United Airlines, Inc. Terminal E Project, Refunding Series
2014, (AMT)
5
.000
%
07/01/29
$
235,234
1,885,000
Houston, Texas, Airport System Special Facilities Revenue
Bonds, United Airlines, Inc. Terminal E Project, Refunding Series
2020A, (AMT)
5
.000
07/01/27
1,907,822
1,000,000
Houston, Texas, Airport System Special Facilities Revenue
Bonds, United Airlines, Inc. Terminal Improvements Project,
Refunding Series 2020B-2, (AMT)
5
.000
07/15/27
1,012,621
9,545,000
(b)
Houston, Texas, Hotel Occupancy Tax and Special Revenue
Bonds, Convention and Entertainment Facilities Department,
Refunding First Lien Series 2026C, (UB)
5
.500
09/01/58
10,124,265
4,130,000
(f)
Houston, Texas, Hotel Occupancy Tax and Special Revenue
Bonds, Convention and Entertainment Project, Series 2001B -
AMBAC Insured
0
.000
09/01/26
4,120,394
3,130,000
(f),(g)
Houston, Texas, Hotel Occupancy Tax and Special Revenue
Bonds, Convention and Entertainment Project, Series 2001B -
AMBAC Insured, (ETM)
0
.000
09/01/30
2,746,598
8,025,000
(f),(g)
Houston, Texas, Hotel Occupancy Tax and Special Revenue
Bonds, Convention and Entertainment Project, Series 2001B -
AMBAC Insured, (ETM)
0
.000
09/01/31
6,790,746
4,005,000
(f)
Houston, Texas, Hotel Occupancy Tax and Special Revenue
Bonds, Convention and Entertainment Project, Series 2001B -
AMBAC Insured
0
.000
09/01/31
3,330,342
495,000
(f),(g)
Houston, Texas, Hotel Occupancy Tax and Special Revenue
Bonds, Convention and Entertainment Project, Series 2001B -
AMBAC Insured, (ETM)
0
.000
09/01/32
404,427
975,000
(f)
Houston, Texas, Hotel Occupancy Tax and Special Revenue
Bonds, Convention and Entertainment Project, Series 2001B -
AMBAC Insured
0
.000
09/01/32
777,795
5,000,000
(b)
Lamar Consolidated Independent School District, Fort Bend
County, Texas, General Obligation Bonds, Schoolhouse Series
2023A, (UB)
5
.000
02/15/58
5,059,805
1,750,000
Love Field Airport Modernization Corporation, Texas, General
Airport Revenue Bonds Series 2015, (AMT)
5
.000
11/01/35
1,753,336
4,660,000
Lower Colorado River Authority, Texas, Transmission Contract
Revenue Bonds, LCRA Transmission Services Corporation
Project, Refunding Series 2020A
5
.000
05/15/50
4,726,793
9,180,000
Matagorda County Navigation District 1, Texas, Collateralized
Revenue Refunding Bonds, Houston Light and Power
Company, Series 1997 - AMBAC Insured, (AMT)
5
.125
11/01/28
9,545,874
2,450,000
(d)
Mission Economic Development Corporation, Texas, Revenue
Bonds, Natgasoline Project, Senior Lien Series 2018, (AMT)
4
.625
10/01/31
2,451,540
2,500,000
Montgomery Independent School District, Montgomery
County, Texas, General Obligation Bonds, School Building
Series 2024B
4
.000
02/15/54
2,203,366
4,735,000
New Hope Cultural Education Facilities Finance Corporation,
Texas, Student Housing Revenue Bonds, CHF-Collegiate
Housing Foundation - College Station I LLC - Texas A&M
University Project, Series 2014A - AGM Insured
5
.000
04/01/46
4,667,591
3,860,000
North Harris County Regional Water Authority, Texas, Water
Revenue Bonds, Refunding Senior Lien Series 2013
5
.000
12/15/33
3,865,282
4,815,000
North Texas Municipal Water District, Upper East Fork
Wastewater Interceptor System Contract Revenue Bonds,
Refunding & Improvement Series 2025
4
.500
06/01/54
4,649,395
4,030,000
(e),(g)
North Texas Tollway Authority, Special Projects System Revenue
Bonds, Convertible Capital Appreciation Series 2011C, (Pre-
refunded 9/01/31)
7
.000
09/01/43
4,669,449
8,470,000
(e),(g)
North Texas Tollway Authority, Special Projects System Revenue
Bonds, Convertible Capital Appreciation Series 2011C, (Pre-
refunded 9/01/31)
6
.750
09/01/45
9,887,635
2,500,000
(f)
North Texas Tollway Authority, System Revenue Bonds,
Refunding First Tier, Series 2008D - AGC Insured
0
.000
01/01/36
1,741,404
Portfolio of Investments July 31, 2026
(continued)
NAD
42
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TEXAS
(continued)
$
5,000,000
Northwest Independent School District, Denton, Tarrant and
Wise Counties, Texas, General Obligation Bonds, School
Building Series 2023
5
.000
%
02/15/48
$
5,120,630
3,825,000
Northwest Independent School District, Denton, Tarrant and
Wise Counties, Texas, General Obligation Bonds, School
Building Series 2025
5
.250
02/15/55
4,010,787
4,250,000
(d)
Port Beaumont Navigation District, Jefferson County, Texas,
Dock and Wharf Facility Revenue Bonds, Jefferson Gulf Coast
Energy Project, Series 2024A, (AMT)
5
.125
01/01/44
4,048,184
1,425,000
(f)
Port of Houston Authority, Harris County, Texas, General
Obligation Bonds, Series 2010E
0
.000
10/01/35
1,009,892
1,220,000
Pottsboro Independent School District, Grayson County, Texas,
General Obligation Bonds, School Building Series 2022
5
.000
02/15/47
1,251,474
1,250,000
(d)
Princeton, Texas, Special Assessment Revenue Bonds,
Southridge Public Improvement District Improvement Area 2
Project, Series 2024
5
.500
09/01/54
1,226,966
7,500,000
Prosper Independent School District, Collin and Denton
Counties, Texas, General Obligation Bonds, School Building
Series 2025
5
.250
02/15/55
7,853,487
205,000
Reagan Hospital District of Reagan County, Texas, Limited Tax
Revenue Bonds, Series 2014A
5
.125
02/01/39
198,486
2,225,000
Red River Education Finance Corporation, Texas, Higher
Education Revenue Bonds, Saint Edward's University Project,
Series 2016
4
.000
06/01/36
2,068,265
2,000,000
Spring Branch Independent School District, Harris County,
Texas, General Obligation Bonds, Refunding School Building
Series 2025
5
.000
02/01/49
2,062,192
5,000,000
Spring Independent School District, Hardin County, Texas,
General Obligation Bonds, School Building and Refunding
Series 2025
5
.250
08/15/49
5,279,845
1,925,000
Stephen F. Austin State University, Texas, Revenue Bonds,
Refunding & Improvement Series 2016
5
.000
10/15/42
1,968,307
7,500,000
Tarrant County College District, Texas, General Obligation
Bonds, Series 2022
5
.000
08/15/40
7,888,441
5,000,000
(b)
Tarrant County Cultural Education Facilities Finance
Corporation, Texas, Hospital Revenue Bonds, Cook Childrens
Medical Center, Series 2025, (UB)
5
.250
12/01/49
5,206,745
5,675,000
Tarrant County Cultural Education Facilities Finance
Corporation, Texas, Hospital Revenue Bonds, Methodist
Hospital of Dallas, Series 2022
4
.000
10/01/47
5,049,151
2,185,000
Tarrant County Cultural Education Facilities Finance
Corporation, Texas, Hospital Revenue Bonds, Scott & White
Healthcare Project, Series 2022D
5
.500
11/15/47
2,304,122
2,000,000
Tarrant County Cultural Education Facilities Finance
Corporation, Texas, Hospital Revenue Bonds, Scott & White
Healthcare Project, Series 2022D
5
.000
11/15/51
2,031,450
10,000,000
(b)
Tarrant County Cultural Education Facilities Finance
Corporation, Texas, Hospital Revenue Bonds, Scott & White
Healthcare Project, Series 2022D, (UB)
5
.000
11/15/51
10,157,251
3,195,000
Tarrant County Cultural Education Facilities Finance
Corporation, Texas, Revenue Bonds, Christus Health, Series
2022A
4
.000
07/01/53
2,734,579
2,000,000
Tarrant County Cultural Education Facilities Finance
Corporation, Texas, Revenue Bonds, Texas Health Resources
System, Series 2016A
5
.000
02/15/41
2,000,977
3,000,000
Tarrant Regional Water District, Texas, Water Transmission
Facilities Contract Revenue Bonds, Dallas Project, Series 2025
4
.250
09/01/55
2,774,332
4,000,000
Texas Department of Housing and Community Affairs,
Residential Mortgage Revenue Bonds, Refunding Series 2025A
5
.125
07/01/55
4,044,888
1,420,000
Texas Municipal Gas Acquisition and Supply Corporation I, Gas
Supply Revenue Bonds, Senior Lien Series 2008D
6
.250
12/15/26
1,436,506
43
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TEXAS
(continued)
$
8,330,000
Texas Private Activity Bond Surface Transpiration Corporation,
Revenue Bonds, NTE Mobility Partners LLC North Tarrant
Express Managed Lanes Project, Senior Lien Series 2023,
(AMT)
5
.500
%
12/31/58
$
8,535,943
17,635,000
Texas Private Activity Bond Surface Transporation Corporation,
Senior Lien Revenue Bonds, NTE Mobility Partners Segments 3
LLC Segments 3C Project, Series 2019, (AMT)
5
.000
06/30/58
17,210,240
10,000,000
(b)
Texas Water Development Board, State Water Implementation
Revenue Fund Bonds, Master Trust Series 2024A, (UB)
4
.250
10/15/51
9,220,516
4,460,000
Texas Water Development Board, State Water Implementation
Revenue Fund Bonds, Master Trust Series 2025
4
.750
10/15/50
4,448,630
11,575,000
(b)
Texas Water Development Board, State Water Implementation
Revenue Fund Bonds, Master Trust Series 2025, (UB)
4
.750
10/15/55
11,356,213
2,490,000
Uptown Development Authority, Houston, Texas, Tax Increment
Contract Revenue Bonds, Infrastructure Improvement Facilities,
Series 2018
5
.000
09/01/40
2,452,688
6,900,000
Van Alstyne Independent School District, Grayson County,
Texas, General Obligation Bonds, School Building Series 2022
5
.000
02/15/47
7,088,389
5,000,000
Waller Independent School District, Waller and Harris
Counties, Texas, General Obligation Bonds, School Building
Series 2023A
4
.000
02/15/53
4,408,975
65,000
Winter Garden Housing Finance Corporation, Texas, GNMA/
FNMA Mortgage-Backed Securities Program Single Family
Mortgage Revenue Bonds, Series 1994, (AMT)
6
.950
10/01/27
64,744
8,000,000
(f)
Wylie Independent School District, Collin County, Texas,
General Obligation Bonds, School Building Series 2015B
0
.000
08/15/45
3,196,682
4,370,000
(f)
Wylie Independent School District, Collin County, Texas,
General Obligation Bonds, School Building Series 2015B
0
.000
08/15/50
1,300,433
TOTAL TEXAS
375,254,240
UTAH - 1.8% (1.0% of Total Investments)
11,750,000
Salt Lake City, Utah, Airport Revenue Bonds, International
Airport Series 2018A, (AMT)
5
.000
07/01/43
11,865,739
15,665,000
Salt Lake City, Utah, Airport Revenue Bonds, International
Airport Series 2021A, (AMT)
5
.000
07/01/46
15,883,268
8,250,000
Salt Lake City, Utah, Airport Revenue Bonds, International
Airport Series 2023A, (AMT)
5
.250
07/01/48
8,461,263
1,645,000
Salt Lake City, Utah, Airport Revenue Bonds, International
Airport Series 2023A, (AMT)
5
.250
07/01/53
1,669,818
5,000,000
Utah Charter School Finance Authority, Charter School
Revenue Bonds, George Washington Academy Project, Series
2026
5
.000
04/15/56
4,890,374
1,705,000
(d)
Utah Charter School Finance Authority, Charter School
Revenue Bonds, Leadership Learning Academy Project, Series
2019A
5
.000
06/15/39
1,648,989
1,670,000
(d)
Utah Charter School Finance Authority, Charter School
Revenue Bonds, Leadership Learning Academy Project, Series
2019A
5
.000
06/15/50
1,495,865
3,180,000
(d)
Utah Charter School Finance Authority, Revenue Bonds,
Wallace Stegner Academy Project, Series 2019A
5
.000
06/15/49
2,836,514
TOTAL UTAH
48,751,830
VERMONT - 0.1% (0.1% of Total Investments)
2,834,000
Vermont Housing Finance Agency, Multiple Purpose Bonds,
Social Series 2024C
4
.650
11/01/50
2,755,767
TOTAL VERMONT
2,755,767
VIRGIN ISLANDS - 0.3% (0.2% of Total Investments)
3,825,000
Matching Fund Special Purpose Securitization Corporation,
Virgin Islands, Revenue Bonds, Series 2022A
5
.000
10/01/32
4,025,186
2,000,000
Virgin Islands Public Finance Authority, Gross Receipts Taxes
Loan Note, Refunding Series 2006 - FGIC Insured
5
.000
10/01/27
2,005,365
2,240,000
(d)
Virgin Islands Public Finance Authority, Gross Receipts Taxes
Loan Note, Working Capital Series 2014A - AGM Insured
5
.000
10/01/34
2,259,535
TOTAL VIRGIN ISLANDS
8,290,086
Portfolio of Investments July 31, 2026
(continued)
NAD
44
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
VIRGINIA - 2.1% (1.2% of Total Investments)
$
145,000
Amherst Industrial Development Authority, Virginia, Revenue
Bonds, Sweet Briar College, Series 2006
5
.000
%
09/01/26
$
144,951
875,000
Arlington County Industrial Development Authority, Virginia,
Hospital Facility Revenue Bonds, Virginia Hospital Center,
Series 2020
4
.000
07/01/45
810,746
515,000
(e)
Chesapeake, Virginia, Transportation System Senior Toll Road
Revenue Bonds, Capital Appreciation Series 2012B
4
.875
07/15/40
522,476
1,000,000
Fairfax County Redevelopment and Housing Authority, Virginia,
Multifamily Housing Revenue Bonds, FHA-Insured Mortgage -
Cedar Ridge Project, Series 2007, (AMT)
4
.850
10/01/48
970,917
11,555,000
(b)
Hampton Roads Transportation Accountability Commission,
Virginia, Revenue Bonds, Hampton Roads Transportation Fund,
Senior Lien Series 2022A, (UB)
4
.000
07/01/52
10,433,306
2,500,000
(d)
Industrial Development Authority of the City of Newport News,
Virginia, Health System Revenue Bonds, Riverside Health
System, Series 2017A
5
.000
07/01/46
2,411,832
350,000
James City County Economic Development Authority, Virginia,
Residential Care Facility Revenue Bonds, Williamsburg Landing
Inc., Series 2024A
6
.875
12/01/58
380,201
6,115,000
Tobacco Settlement Financing Corporation of Virginia, Tobacco
Settlement Asset Backed Bonds, Series 2007B1
5
.000
06/01/47
4,906,497
1,500,000
Virginia Beach Development Authority, Virginia, Residential
Care Facility Revenue Bonds, Westminster Canterbury on
Chesapeake Bay, Series 2023A
7
.000
09/01/53
1,638,005
2,140,000
Virginia Commonwealth Transportation Board, Interstate 81
Corridor Program Revenue Bonds, Senior Lien Series 2021
5
.000
05/15/57
2,176,753
1,000,000
Virginia Housing Development Authority, Commonwealth
Mortgage Bonds, Series 2023E-I
4
.550
10/01/49
978,121
11,250,000
Virginia Small Business Financing Authority, Private Activity
Revenue Bonds, Transform 66 P3 Project, Senior Lien Series
2017, (AMT)
5
.000
12/31/52
11,126,335
11,605,000
Virginia Small Business Financing Authority, Private Activity
Revenue Bonds, Transform 66 P3 Project, Senior Lien Series
2017, (AMT)
5
.000
12/31/56
11,383,335
9,625,000
Virginia Small Business Financing Authority, Revenue Bonds, 95
Express Lanes LLC Project, Refunding Senior Lien Series 2022,
(AMT)
5
.000
12/31/47
9,671,902
TOTAL VIRGINIA
57,555,377
WASHINGTON - 3.4% (2.0% of Total Investments)
15,220,000
(b)
Port of Seattle, Washington, Revenue Bonds, Intermediate Lien
Series 2018A, (AMT), (UB)
5
.000
05/01/43
15,292,316
13,725,000
Port of Seattle, Washington, Revenue Bonds, Refunding
Intermediate Lien Series 2021C, (AMT)
5
.000
08/01/46
13,913,396
10,000,000
Seattle, Washington, Municipal Light and Power Revenue
Bonds, Refunding & Improvement Series 2021A
4
.000
07/01/47
9,272,138
10,000,000
Seattle, Washington, Municipal Light and Power Revenue
Bonds, Refunding & Improvement Series 2023
5
.000
03/01/53
10,222,657
4,000,000
Washington Health Care Facilities Authority, Revenue Bonds,
Providence Health & Services, Refunding Series 2012A
5
.000
10/01/32
4,007,922
12,260,000
Washington Health Care Facilities Authority, Revenue Bonds,
Seattle Children's Hospital, Series 2015A
5
.000
10/01/45
12,265,250
6,200,000
Washington State Convention Center Public Facilities District,
Lodging Tax Revenue Bonds, Refunding Series2021B.
Exchange Purchase
3
.000
07/01/58
4,207,102
7,240,000
Washington State Convention Center Public Facilities District,
Lodging Tax Revenue Bonds, Series 2018
5
.000
07/01/48
7,113,213
9,380,000
Washington State Convention Center Public Facilities District,
Lodging Tax Revenue Bonds, Series 2018
5
.000
07/01/58
9,082,763
2,410,000
Washington State Higher Education Facilities Authority,
Revenue Bonds, Seattle University, Series 2020
4
.000
05/01/50
2,007,358
4,000,000
(d)
Washington State Housing Finance Commission, Nonprofit
Revenue Bonds, Provident Group SH II Properties LLC, Blakeley
& Laurel Villages Portfolio, Series 2025A - BAM Insured
5
.250
07/01/55
4,033,350
45
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
WASHINGTON
(continued)
$
2,000,000
(d)
Washington State Housing Finance Commission, Nonprofit
Revenue Bonds, Provident Group SH II Properties LLC, Blakeley
& Laurel Villages Portfolio, Series 2025A - BAM Insured
5
.250
%
07/01/64
$
2,003,522
300,000
Washington State Housing Finance Commission, Revenue
Bonds, Riverview Retirement Community, Refunding Series
2012
5
.000
01/01/48
282,367
TOTAL WASHINGTON
93,703,354
WEST VIRGINIA - 0.1% (0.1% of Total Investments)
1,000,000
(d)
South Charleston, West Virginia, Special District Excise Tax
Revenue Improvement Bonds, South Charleston Park Place
Project, Series 2022A
4
.500
06/01/50
802,300
2,000,000
West Virginia Hospital Finance Authority, Revenue Bonds,
West Virginia University Health System Obligated Group,
Improvement Series 2017A
5
.000
06/01/47
2,007,540
TOTAL WEST VIRGINIA
2,809,840
WISCONSIN - 7.1% (4.1% of Total Investments)
3,235,000
Milwaukee, Wisconsin, General Obligation Bonds, Promissory
Note Series 2022-B4 - AGM Insured
5
.000
04/01/36
3,469,273
1,325,000
(d)
Public Finance Authority of Wisconsin, Charter School Revenue
Bonds, Corvian Community School Bonds, North Carolina,
Series 2019A
5
.000
06/15/39
1,202,204
2,000,000
(d)
Public Finance Authority of Wisconsin, Charter School Revenue
Bonds, Corvian Community School Bonds, North Carolina,
Series 2019A
5
.000
06/15/49
1,642,506
1,000,000
(d)
Public Finance Authority of Wisconsin, Charter School Revenue
Bonds, High Desert Montessori Charter School, Series 2021A
5
.000
06/01/51
765,145
34,226
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/47
229
29,918
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/48
199
29,439
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/49
194
28,482
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/50
186
28,003
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/51
181
36,381
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/52
234
35,902
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/53
229
34,705
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/54
220
33,987
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/55
214
33,269
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/56
209
36,859
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/57
230
35,902
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/58
222
Portfolio of Investments July 31, 2026
(continued)
NAD
46
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
WISCONSIN
(continued)
$
34,944
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
%
01/01/59
$
215
34,226
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/60
210
33,748
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/61
206
32,790
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/62
199
32,072
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/63
194
31,354
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/64
188
30,876
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/65
185
33,269
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/66
198
400,670
(d),(f)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2018A-1
0
.000
01/01/67
2,376
2,430,000
(d)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2025
6
.150
01/01/55
2,357,646
6,400,000
(d)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
First Tier Series 2025
6
.250
01/01/65
6,195,165
59,473
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/46
403
58,635
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/47
393
58,216
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/48
387
57,797
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/49
381
56,960
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/50
372
62,405
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/51
404
1,524,432
(d),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
3
.750
07/01/51
1,016,050
61,986
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/52
399
61,149
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/53
391
60,730
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/54
385
47
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
WISCONSIN
(continued)
$
59,892
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
%
01/01/55
$
378
59,054
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/56
370
58,635
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/57
365
57,797
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/58
358
57,379
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/59
353
56,960
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/60
349
56,123
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/61
342
55,704
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/62
338
54,866
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/63
331
54,447
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/64
327
54,028
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/65
323
53,191
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/66
317
692,746
(d),(f),(h)
Public Finance Authority of Wisconsin, Conference Center and
Hotel Revenue Bonds, Lombard Public Facilities Corporation,
Second Tier Series 2018B
0
.000
01/01/67
4,107
5,280,000
(d)
Public Finance Authority of Wisconsin, Education Revenue
Bonds, Casa Esperanza Montessori, Series 2021A
4
.375
06/01/46
4,233,121
5,455,000
(b)
Public Finance Authority of Wisconsin, Health Care System
Revenue Bonds, Cone Health, Series 2022A, (UB)
4
.000
10/01/52
4,773,154
2,000,000
Public Finance Authority of Wisconsin, Hotel Revenue Bonds,
Grand Hyatt San Antonio Hotel Acquisition Project, Senior Lien
Series 2022A
5
.000
02/01/52
1,931,462
2,000,000
Public Finance Authority of Wisconsin, Hotel Revenue Bonds,
Grand Hyatt San Antonio Hotel Acquisition Project, Senior Lien
Series 2022A
5
.000
02/01/62
1,893,990
2,000,000
(d)
Public Finance Authority of Wisconsin, Limited Obligation
PILOT Revenue Bonds, American Dream @ Meadowlands
Project, Series 2017
3
.915
12/01/42
1,560,000
20,500,000
(d)
Public Finance Authority of Wisconsin, Limited Obligation
PILOT Revenue Bonds, American Dream @ Meadowlands
Project, Series 2017
4
.060
12/01/50
15,990,000
8,000,000
Public Finance Authority of Wisconsin, Revenue Bonds,
SearStone Retirement Community, Series 2023A
5
.000
06/01/52
7,129,361
3,000,000
Public Finance Authority of Wisconsin, Student Housing
Revenue Bonds, Collegiate Housing Foundation - CHF -
Wilmington L.L.C. University of North Carolina at Wilmington
Project, Series 2018
5
.000
07/01/58
2,873,452
6,230,000
Public Finance Authority, Wisconsin, Educational Revenue
Bonds, Lake Norman Charter School, Series 2024A
5
.000
06/15/64
5,473,718
Portfolio of Investments July 31, 2026
(continued)
NAD
48
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
WISCONSIN
(continued)
$
4,210,000
(d)
Public Finance Authority, Wisconsin, Tax Increment Revenue
Senior Bonds, World Center Project Series 2024A
5
.000
%
06/01/41
$
4,244,777
8,000,000
Public Finance Authority, Wisconsin, Toll Revenue Bonds,
Georgia SR 400 Express Lanes Project, Senior Lien Series 2025
5
.750
06/30/60
8,278,786
9,000,000
Public Finance Authority, Wisconsin, Toll Revenue Bonds,
Georgia SR 400 Express Lanes Project, Senior Lien Series 2025
5
.750
12/31/65
9,294,243
5,575,000
(b)
Public Finance Authority, Wisconsin, Toll Revenue Bonds,
Georgia SR 400 Express Lanes Project, Senior Lien Series 2025,
(UB)
5
.750
12/31/65
5,757,268
4,695,000
University of Wisconsin Hospitals and Clinics Authority,
Revenue Bonds, Sustainability Series 2024A
4
.250
04/01/52
4,235,636
270,000
(g)
Wisconsin Health and Educational Facilities Authority, Revenue
Bonds, Ascension Health Alliance Senior Credit Group, Series
2013B-1, (Pre-refunded 5/15/28)
4
.000
11/15/43
275,718
2,275,000
Wisconsin Health and Educational Facilities Authority, Revenue
Bonds, Ascension Health Alliance Senior Credit Group, Series
2013B-1
4
.000
11/15/43
2,103,358
6,715,000
Wisconsin Health and Educational Facilities Authority, Revenue
Bonds, Aspirus, Inc. Obligated Group, Inc. Project, Series 2021
4
.000
08/15/46
6,019,458
5,810,000
(b)
Wisconsin Health and Educational Facilities Authority, Revenue
Bonds, Bellin Memorial Hospital Incorporated Series 2022B,
(UB)
5
.250
12/01/48
6,068,048
1,690,000
Wisconsin Health and Educational Facilities Authority, Revenue
Bonds, PHW Muskego, Inc. Project, Series 2021
4
.000
10/01/41
1,454,267
2,000,000
Wisconsin Health and Educational Facilities Authority, Revenue
Bonds, PHW Muskego, Inc. Project, Series 2021
4
.000
10/01/61
1,391,479
5,345,000
(b)
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Aspirus, Inc. Obligated Group,
Series 2017, (UB)
5
.000
08/15/52
5,218,476
4,220,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Children's Hospital of Wisconsin,
Inc., Series 2017
4
.000
08/15/42
3,898,981
5,315,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Marshfield Clinic Health System Inc
Series 2024A
5
.500
02/15/54
5,473,272
11,440,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Marshfield Clinic, Series 2016A
5
.000
02/15/42
11,458,519
7,000,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Marshfield Clinic, Series 2016A
5
.000
02/15/46
6,873,026
2,000,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Oakwood Lutheran Senior
Ministries, Series 2021
4
.000
01/01/47
1,721,387
10,235,000
(b)
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Saint John's Communities Inc.,
Refunding Series 2022A, (UB)
5
.000
04/01/52
10,333,702
8,770,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, ThedaCare Inc, Series 2019
4
.000
12/15/49
7,558,077
11,720,000
(b)
Wisconsin Housing and Economic Development Authority,
Home Ownership Revenue Bonds, Social Series 2024A, (UB)
4
.750
09/01/50
11,471,660
12,500,000
(b)
Wisconsin Housing and Economic Development Authority,
Home Ownership Revenue Bonds, Social Series 2024B, (UB)
4
.750
03/01/51
12,287,379
5,000,000
Wisconsin Housing and Economic Development Authority,
Home Ownership Revenue Bonds, Social Series 2026A
4
.150
09/01/41
4,832,869
TOTAL WISCONSIN
192,774,924
TOTAL MUNICIPAL BONDS
(Cost $4,695,105,515)
4,673,381,745
49
All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the
applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not
include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in
financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For
a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund’s investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/
Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an
independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to
maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements
for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs
are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about
the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the
circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
SHARES
DESCRIPTION
EXPIRATION
DATE
VALUE
4,830
WARRANTS - 0.0% (0.0% of Total Investments)
4,830
TRANSPORTATION - 0.0% (0.0% of Total Investments)
9,660
(j)
BL Train Holdings West LLC
11/26/35
$
4,830
TOTAL TRANSPORTATION
4,830
TOTAL WARRANTS
(Cost $0)
4,830
TOTAL LONG-TERM INVESTMENTS
(Cost $4,699,235,408)
4,677,507,661
FLOATING RATE OBLIGATIONS - (16.8)%
(
458,980,000
)
AMTP SHARES, NET - (26.7)%(k)
(
727,390,969
)
MFP SHARES, NET - (10.8)%(l)
(
295,506,939
)
VRDP SHARES, NET - (18.5)%(m)
(
504,172,028
)
OTHER ASSETS & LIABILITIES, NET -  1.3%
35,717,080
NET ASSETS APPLICABLE TO COMMON SHARES - 100%
$
2,727,174,805
AMT
Alternative Minimum Tax
ETF
Exchange-Traded Fund
ETM
Escrowed to maturity
UB
Underlying bond of an inverse floating rate trust reflected as a financing transaction. Inverse floating rate trust is a Recourse
Trust unless otherwise noted.
(a)
Affiliated holding
(b)
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse
floating rate transactions.
(c)
Floating or variable rate security includes the reference rate and spread, when applicable.  For mortgage-backed or asset-backed
securities the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end.
(d)
Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid
and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.
As of the end of the fiscal period, the aggregate value of these securities is $268,302,669 or 5.7% of Total Investments.
(e)
Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding.
The rate shown is the coupon as of the end of the fiscal period.
(f)
Zero coupon bond: Security does not pay a regular interest coupon to its holders during the life of the obligation or for an initial
period after the issuance of the obligation. Income to the holder of the bond is earned from accretion of discount, the difference
between the original purchase price of the bond at issuance and the par value of the bond at maturity.
(g)
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely
payment of principal and interest.
(h)
Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of
bankruptcy.
(i)
When-issued or delayed delivery security.
(j)
For fair value measurement disclosure purposes, investment classified as Level 3.
(k)
AMTP Shares, Net as a percentage of Total Investments is 15.6%.
(l)
MFP Shares, Net as a percentage of Total Investments is 6.3%.
(m)
VRDP Shares, Net as a percentage of Total Investments is 10.8%.
Portfolio of Investments July 31, 2026
(continued)
NAD
50
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit
spreads, etc.).
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of
investments).
The following table summarizes the market value of the Fund's investments, and the fair value of certain other assets and liabilities, when applica-
ble, as of the end of the reporting period, based on the inputs used to value them:
NAD
Level 1
Level 2
Level 3
Total
Long-Term Investments:
Exchange-Traded Funds
$
3,699,000
$
–
$
–
$
3,699,000
Investment Companies
422,086
–
–
422,086
Municipal Bonds
–
4,673,381,745
–
4,673,381,745
Warrants
–
–
4,830
4,830
$
4,121,086
$
4,673,381,745
$
4,830
$
4,677,507,661
Liabilities at Fair Value:
Floating Rate Obligations
$
–
$
458,980,000
$
–
$
458,980,000
AMTP Shares, Net
–
727,390,969
–
727,390,969
MFP Shares, Net
–
295,506,939
–
295,506,939
VRDP Shares, Net
–
504,172,028
–
504,172,028
$
–
$
1,986,049,936
$
–
$
1,986,049,936