Vanguard® Core Tax-Exempt Bond ETF
Schedule of Investments (unaudited)
As of July 31, 2026
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
Tax-Exempt Municipal Bonds (97.8%)
Alabama (7.8%)
  Alabama Special Care Facilities Financing Authority-Birmingham AL Health, Hospital, Nursing Home Revenue 5.250%   6/1/2050       370       385
  Auburn University College & University Revenue 5.000%   6/1/2043     1,315     1,338
  Baldwin County AL Board of Education Sales Tax Revenue 3.000%   6/1/2041       945       782
  Birmingham AL GO 5.000%  12/1/2043     1,120     1,139
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2031     6,050     6,290
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   1/1/2034       890       921
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2034       955     1,003
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2034     8,315     8,595
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project No. 7) 4.000%  12/1/2026        75        76
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project No. 7) PUT 4.000%  10/1/2052     3,570     3,597
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project No. 8) PUT 4.000%  12/1/2029     2,150     2,152
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  12/1/2030       750       781
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   5/1/2032       190       198
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   7/1/2033     1,000     1,034
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  10/1/2033     1,675     1,753
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  10/1/2035    13,395    13,447
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  10/1/2035       500       515
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2036     3,500     3,572
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.250%   6/1/2036     5,000     5,256
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) PUT 5.000%   6/1/2028     1,970     2,025
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) PUT 5.500%  12/1/2028       320       333
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) PUT 5.000%   8/1/2035     1,160     1,206
  Black Belt Energy Gas District Natural Gas Revenue (Project No. 5) PUT 4.000%  10/1/2049     2,315     2,325
  Black Belt Energy Gas District Natural Gas Revenue (Project No. 6) PUT 4.000%  10/1/2052     3,500     3,531
1 Black Belt Energy Gas District Natural Gas Revenue (Project No. 7), SIFMA Municipal Swap Index Yield + 0.350% 2.510%  10/1/2052     2,610     2,609
  Black Belt Energy Gas District Natural Gas Revenue PUT 4.000%   6/1/2027       345       347
  Black Belt Energy Gas District Natural Gas Revenue PUT 4.000%  10/1/2027     2,280     2,295
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.250%   6/1/2029     1,285     1,340
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.250%  10/1/2030     1,815     1,899
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.250%  12/1/2030       275       292
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.000%   7/1/2031        50        52
  Black Belt Energy Gas District Natural Gas Revenue PUT 4.000%  12/1/2031       850       854
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.000%   9/1/2032    11,145    11,544
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.250%   9/1/2032     1,220     1,247
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.000%  11/1/2034       360       373
  Energy Southeast A Cooperative District Electric Power & Light Revenue 5.000%   9/1/2033     7,785     7,852
2 Energy Southeast A Cooperative District Electric Power & Light Revenue 5.000%   4/1/2034     1,770     1,828
  Energy Southeast A Cooperative District Natural Gas Revenue 5.000%  11/1/2033     2,680     2,804
  Energy Southeast A Cooperative District Natural Gas Revenue PUT 5.500%   1/1/2031       165       174
  Health Care Authority for Baptist Health, Hospital, Nursing Home Revenue 5.000% 11/15/2034       945       990
  Homewood Educational Building Authority College & University Revenue 4.000%  12/1/2037       140       132
  Infirmary Health System Special Care Facilities Financing Authority of Mobile Health, Hospital, Nursing Home Revenue 4.000%   2/1/2046       435       372
  Jefferson County AL Sewer Revenue 5.250%  10/1/2042       180       192
  Lower Alabama Gas District Natural Gas Revenue 5.000%   9/1/2027       590       600
  Lower Alabama Gas District Natural Gas Revenue 5.000%   9/1/2046       550       558
  Lower Alabama Gas District Natural Gas Revenue (Gas Project) 5.000%  12/1/2033     5,910     6,083
  Mobile Alabama Industrial Development Board Industrial Revenue PUT 3.375%  6/26/2029       100       100
  Phenix City Industrial Development Board Industrial Revenue (MeadWestvaco Coated Board Project) 3.625%  5/15/2030       100        99
  Prattville Industrial Development Board Industrial Revenue PUT 3.450%  10/1/2031        75        75
  Selma Industrial Development Board Industrial Revenue 4.200%   5/1/2034       100       102
  Selma Industrial Development Board Industrial Revenue PUT 3.450%  10/1/2031       100        99
  Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 1) PUT 5.000%   4/1/2032       250       262
  Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 2) PUT 5.000%   5/1/2032       125       130
  Southeast Energy Authority A Cooperative District Electric Power & Light Revenue 5.000%   1/1/2027       370       371
  Southeast Energy Authority A Cooperative District Electric Power & Light Revenue 5.000%   9/1/2035     3,535     3,744
  Southeast Energy Authority A Cooperative District Electric Power & Light Revenue PUT 5.250%   1/1/2033     3,055     3,114
  Southeast Energy Authority A Cooperative District Electric Power & Light Revenue PUT 5.000%   6/1/2035     5,985     6,008
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 1) PUT 4.000%  10/1/2028     6,280     6,337
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 3) PUT 5.500%  12/1/2029     2,235     2,362
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 4) PUT 5.000%   8/1/2028     1,090     1,120
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 5) PUT 5.250%   7/1/2029     1,840     1,914
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 6) PUT 5.000%   6/1/2030        35        37
  Southeast Energy Authority A Cooperative District Natural Gas Revenue PUT 5.000%   2/1/2031     1,400     1,476
  Southeast Energy Authority A Cooperative District Natural Gas Revenue PUT 5.000%  11/1/2032       250       261
  UAB Medicine Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2034       125       125
  UAB Medicine Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   9/1/2036       185       184
  UAB Medicine Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2036       715       721
  UAB Medicine Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2041       370       372
  University of Alabama at Birmingham College & University Revenue 3.000%  10/1/2043       390       309
  University of Alabama at Birmingham College & University Revenue 3.000%  10/1/2047       825       604
  University of Alabama at Birmingham College & University Revenue 3.125%  10/1/2048     4,000     2,969
  University of Alabama College & University Revenue 4.000%   7/1/2050       510       454
3 Walker County AL Board of Education Special Tax Revenue 4.250%   3/1/2054       250       227
                                      140,267
Alaska (0.0%)
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue 6.000%  12/1/2054        90        97
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue 6.000%  12/1/2056       105       115
  Northern Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 4.000%   6/1/2050       750       628
                                          840
Arizona (1.3%)
  Arizona Board of Regents College & University Revenue 5.000%   6/1/2033       600       665
  Arizona Board of Regents College & University Revenue 5.000%   6/1/2034       700       781
  Arizona Board of Regents College & University Revenue 5.000%   6/1/2037       400       445
  Arizona Board of Regents College & University Revenue 5.000%   7/1/2039        50        52
  Arizona Board of Regents College & University Revenue 5.000%   8/1/2051     2,500     2,581
  Arizona Board of Regents College & University Revenue 5.000%   8/1/2056     2,500     2,554
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/2033       500       546
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/2034       250       274
  Arizona IDA Charter School Aid Revenue 4.000%  11/1/2051       500       425
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/2054       135       135
  Arizona IDA Charter School Aid Revenue (MACOMBS Facility Project) 4.000%   7/1/2041     1,755     1,528
  Arizona IDA Charter School Aid Revenue (MACOMBS Facility Project) 4.000%   7/1/2051     1,750     1,377
  Arizona IDA Charter School Aid Revenue (MACOMBS Facility Project) 4.000%   7/1/2061     1,000       744
4 Arizona IDA Charter School Aid Revenue PUT 4.875%   7/1/2035       115       118
  Arizona IDA Health, Hospital, Nursing Home Revenue 4.000%   2/1/2050       550       489
  Arizona IDA Local or Guaranteed Housing Revenue 6.250%  10/1/2055       100       109
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   1/1/2031       100       101
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 4.000%   1/1/2032       130       131
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/2036       470       495
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 3.250%   1/1/2037       415       383
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/2037     2,100     2,147
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 3.000%   9/1/2051     4,895     3,421
  Mesa AZ Utility System Multiple Utility Revenue 3.000%   7/1/2040       555       464
  Mesa AZ Utility System Multiple Utility Revenue 2.000%   7/1/2047       490       315
  Mesa AZ Utility System Multiple Utility Revenue 2.000%   7/1/2048       530       332
  Peoria AZ Excise Tax Sales Tax Revenue 5.000%  7/15/2043       605       633
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/2044       100       102
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/2045     2,000     2,041
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/2045        65        68
  Salt Verde Financial Corp. Natural Gas Revenue 5.250%  12/1/2026       255       257
  Salt Verde Financial Corp. Natural Gas Revenue 5.250%  12/1/2028        40        41
  Scottsdale Municipal Property Corp. Sales Tax Revenue 5.000%   7/1/2030       315       330
  Yavapai County IDA Health, Hospital, Nursing Home Revenue 3.125%   8/1/2043       135       111
                                       24,195
Arkansas (0.0%)
  Arkansas Development Finance Authority Local or Guaranteed Housing Revenue PUT 3.550%   6/1/2027       150       150
  Fayetteville School District No. 1 GO 2.750%   6/1/2046       155       109
  Hot Springs School District No. 6 GO 2.125%   6/1/2041        50        34
  University of Arkansas College & University Revenue 5.000%  11/1/2044       115       118
                                          411
California (7.9%)
5 Alameda Corridor Transportation Authority Transit Revenue 0.000%  10/1/2035       175       124
  Anaheim Housing & Public Improvements Authority Intergovernmental Agreement Revenue 5.000%  10/1/2040       450       474
  Antelope Valley Community College District GO 0.000%   2/1/2050       100        32
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2038     1,205     1,179
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
1 Bay Area Toll Authority Highway Revenue, SIFMA Municipal Swap Index Yield + 1.250% 3.410%   4/1/2036     2,265     2,268
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   7/1/2035     1,295     1,399
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%  12/1/2035     1,690     1,802
  California Community Choice Financing Authority Electric Power & Light Revenue 5.250%   2/1/2036     2,000     2,128
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%  12/1/2026     1,000     1,003
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%  11/1/2033     1,365     1,445
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 4.000%  12/1/2027     2,025     2,040
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   8/1/2029     3,875     4,011
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   8/1/2029     1,500     1,555
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.250%   4/1/2030     1,550     1,618
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.500%  11/1/2030     1,205     1,299
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   9/1/2032       900       942
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   9/1/2032       305       325
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%  10/1/2032     5,175     5,317
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%  12/1/2032     5,910     6,031
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   8/1/2033     1,100     1,163
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 4.000%   8/1/2028       680       686
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.500%  11/1/2028     6,715     6,957
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 4.000%   8/1/2031     1,445     1,444
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%   8/1/2032     2,900     2,957
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%  11/1/2032     2,740     2,863
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%   7/1/2034       755       763
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%  11/1/2035       755       788
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%   2/1/2036       425       445
  California Community Choice Financing Authority Natural Gas Revenue 5.000%  10/1/2034     2,515     2,659
  California Educational Facilities Authority College & University Revenue 5.000%   6/1/2039       100       110
  California GO 5.000%   8/1/2034       185       185
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031       565       603
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2032       350       376
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2033       335       335
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  10/1/2041       455       373
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.200%  8/15/2042       335       286
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.000%  10/1/2047       300       217
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/2049       185       144
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2051       235       210
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   9/1/2028     1,165     1,195
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2030     1,000     1,065
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2032     1,000     1,086
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.500% 11/20/2035     1,077     1,026
  California Housing Finance Agency Local or Guaranteed Housing Revenue 3.250%  8/20/2036       990       933
  California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.250%   7/1/2027       505       506
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/2029       500       506
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 3.000%   7/1/2028       500       493
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2029       420       423
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029     1,000     1,012
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2029       300       312
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2030       125       126
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2037       315       316
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/2047       345       295
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.375%   6/1/2056       385       373
4 California Municipal Finance Authority Resource Recovery Revenue (Waste Management Inc. Project) PUT 3.300%   2/1/2028       100       100
4 California Public Finance Authority Health, Hospital, Nursing Home Revenue (Enso Village Project) 5.000% 11/15/2056       100        88
  California Public Finance Authority Intergovernmental Agreement Revenue 3.000%   2/1/2050       325       239
4 California Public Finance Authority Local or Guaranteed Housing Revenue 6.500%   6/1/2054     1,000       962
4 California Public Finance Authority Local or Guaranteed Housing Revenue 6.375%   6/1/2059     6,765     6,335
4 California Public Finance Authority Local or Guaranteed Housing Revenue 6.750%   7/1/2065       750       803
4 California Public Finance Authority Local or Guaranteed Housing Revenue (The Park at South Stadium Projects) 6.750%   1/1/2066     5,080     5,049
4 California School Finance Authority Charter School Aid Revenue 5.000%   6/1/2054       900       769
4 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/2029       170       177
  California State Public Works Board Lease (Abatement) Revenue (Various Capital Projects) 5.000%  11/1/2027       260       262
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  California State University College & University Revenue PUT 2.900%  11/1/2029     2,770     2,759
  California State University College & University Revenue PUT 2.900%  11/1/2029     1,595     1,588
  California State University College & University Revenue PUT 3.150%  11/1/2032     2,065     2,044
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2029       420       431
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2031       255       260
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   3/1/2027       100       100
  Central Valley Energy Authority Natural Gas Revenue 5.000%   8/1/2034       425       444
  Central Valley Energy Authority Natural Gas Revenue PUT 5.000%   8/1/2035       210       219
  Chabot-Las Positas Community College District GO 4.000%   8/1/2037       965       965
4 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.250%   7/1/2056     1,500     1,015
4 CSCDA Community Improvement Authority Local or Guaranteed Housing Revenue 3.000%  12/1/2056       200       137
  Dublin Unified School District GO 4.000%   8/1/2039     1,495     1,495
3 Folsom Cordova Unified School District GO 4.000%  10/1/2038       125       125
6 Freddie Mac Pool 3.720%   1/1/2041       487       441
  Fresno Unified School District GO 4.000%   8/1/2036       840       837
4 Hastings Campus Housing Finance Authority Local or Guaranteed Housing Revenue 5.000%   7/1/2045       300       291
  Long Beach Bond Finance Authority Natural Gas Revenue 5.500% 11/15/2037        95       105
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032       680       741
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034       100       110
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037       595       611
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037       350       375
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037       905       947
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037     3,235     3,269
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2037       515       532
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038       340       341
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038       200       210
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038       200       214
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2038       250       271
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039     1,045     1,081
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039       155       163
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039       235       246
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039       315       335
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2039       105       108
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2040       860       917
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041     3,130     3,234
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2041     3,020     3,215
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042     1,000     1,003
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042       415       432
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2042       615       650
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2044       120       125
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2045       355       371
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2050       300       305
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2051     1,500     1,523
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2052        55        55
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2052       385       391
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   1/1/2030       350       368
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2031     1,000     1,081
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2035        95       100
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036       285       298
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2036     1,230     1,310
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2037        30        32
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2038       515       550
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2039       355       373
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040       720       743
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040       430       449
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2040       400       423
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2044       410       411
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2047        80        81
  Marina Joint Powers Financing Authority Local or Guaranteed Housing Revenue 3.400%   3/1/2036       910       897
  Mount San Jacinto Community College District GO 2.000%   8/1/2043     3,000     2,013
  M-S-R Energy Authority Natural Gas Revenue 6.500%  11/1/2039        85       100
  Northern California Energy Authority Natural Gas Revenue PUT 5.000%   8/1/2030       285       298
3 Oak Park Unified School District GO 6.750%   8/1/2031        50        57
  Oro Grande Elementary School District COP 4.000%  9/15/2026       100       100
  Palomar Health GO 4.000%   8/1/2034       110       106
  Palomar Health GO 4.000%   8/1/2035       115       109
  Palomar Health GO 4.000%   8/1/2036       100        94
  Palomar Health GO 3.000%   8/1/2037        20        17
  Palomar Health GO 0.000%   8/1/2038        50        27
  Palomar Health, Hospital, Nursing Home Revenue 5.000%  11/1/2042        80        79
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
3 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2053     1,250       310
3 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2054     1,450       340
3 River Islands Public Financing Authority Special Tax Revenue 0.000%   9/1/2055     1,850       410
  San Bernardino County Housing Authority Local or Guaranteed Housing Revenue 4.125%   7/1/2036       325       319
  San Diego Housing Authority Inc. Local or Guaranteed Housing Revenue PUT 5.000%  11/1/2026       185       186
5 San Joaquin Hills Transportation Corridor Agency Highway Revenue 0.000%  1/15/2036       140        97
  San Joaquin Valley Clean Energy Authority Electric Power & Light Revenue PUT 5.500%   7/1/2035       300       324
  Santa Barbara CA Housing Authority Local or Guaranteed Housing Revenue 4.000%  12/1/2038       375       360
  Santa Barbara CA Housing Authority Local or Guaranteed Housing Revenue 4.000%  12/1/2038       340       329
  Southern California Metropolitan Water District Water Revenue PUT 5.000%   7/1/2029        20        21
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%  11/1/2033     4,915     5,146
  Southern California Public Power Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   9/1/2030     2,030     2,106
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2035       305       331
  Southern California Public Power Authority Intergovernmental Agreement Revenue PUT 5.000%   7/1/2029       100       104
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.000%  11/1/2033       195       204
5 Southern Mono Health Care District GO 0.000%   5/1/2034       785       584
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2030     1,220     1,293
7 Ukiah Public Financing Authority Intergovernmental Agreement Revenue 3.000%   3/1/2042       290       240
  University of California Regents Medical Center Pooled Health, Hospital, Nursing Home Revenue 3.000%  5/15/2042       895       734
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029       190       198
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 4.000%   7/1/2037        70        64
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 3.375%   7/1/2039       150       126
  Wildomar CA Special Tax Revenue 5.000%   9/1/2032       100       105
  Wildomar CA Special Tax Revenue 5.000%   9/1/2033       120       126
  Wildomar CA Special Tax Revenue 5.000%   9/1/2035       155       163
                                      142,374
Colorado (2.2%)
  Adams & Weld Counties CO School District No. 27J Brighton GO 5.500%  12/1/2044       400       449
  Adams & Weld Counties CO School District No. 27J Brighton GO 5.500%  12/1/2045       365       407
  Board of Governors of Colorado State University System College & University Revenue 5.250%   3/1/2050       165       173
  Board of Governors of Colorado State University System College & University Revenue PUT 4.375%   3/1/2029       150       152
  Board of Water Commissioners City & County of Denver Water Revenue 3.000%  9/15/2043     2,800     2,248
  Brighton CO Water Activity Water Revenue (Water System Project) 4.250%   6/1/2055       525       486
  Colorado COP 3.000% 12/15/2036       525       475
  Colorado Educational & Cultural Facilities Authority Charter School Aid Revenue (Aspen View Academy Project) 4.000%   5/1/2036        50        48
  Colorado Educational & Cultural Facilities Authority College & University Revenue (Denver University Project) 5.250%   3/1/2056     2,000     2,055
  Colorado Educational & Cultural Facilities Authority College & University Revenue (University of Denver Project) 5.000%   3/1/2040     2,620     2,635
  Colorado Educational & Cultural Facilities Authority College & University Revenue (University of Denver Project) 5.000%   3/1/2043     2,155     2,165
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2029       365       384
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2030       540       578
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031       425       459
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2032       100       108
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2035       390       403
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2039     1,015     1,042
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2041       440       440
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2048       260       259
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 3.250%   8/1/2049     1,170       852
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   8/1/2049     1,065       917
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2050     1,750     1,524
7 Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2050       350       312
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/17/2026       100       100
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2033       340       371
1,4 Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue, 70% of TSFR1M + 1.500% 4.052%   2/1/2046       915       915
  Colorado High Performance Transportation Enterprise Highway Revenue 5.000% 12/31/2047       385       377
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue 3.250%  10/1/2028       405       404
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue 6.500%   5/1/2055       125       139
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue 6.250%  11/1/2055       980     1,074
2 Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue 6.250%   5/1/2057     1,190     1,321
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue (Albion Apartments Project) PUT 3.375%   7/1/2028       100       100
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue PUT 3.180%   9/1/2027       165       165
  Colorado Springs CO Local or Guaranteed Housing Revenue PUT 3.150%  12/1/2029       100        99
  Denver City & County Board of Water Commissioners Water Revenue 5.000%  9/15/2047     2,000     2,018
  Denver City & County Board of Water Commissioners Water Revenue 3.000%  9/15/2049     1,075       807
  Denver City & County School District No. 1 GO 3.000%  12/1/2043       425       339
4 Denver Health & Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/2035       115       110
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Denver Health & Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/2039       150       135
  Denver Health & Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2045        50        50
  Denver Health & Hospital Authority Health, Hospital, Nursing Home Revenue 5.125%  12/1/2050       250       243
  E-470 Public Highway Authority Highway Revenue 0.000%   9/1/2039       105        58
7 Ebert Metropolitan District GO 5.000%  12/1/2043     1,950     1,985
7 Fort Morgan CO Wastewater Sewer Revenue 5.000%  12/1/2034       120       132
7 Fort Morgan CO Wastewater Sewer Revenue 5.000%  12/1/2035       100       110
7 Fort Morgan CO Wastewater Sewer Revenue 5.000%  12/1/2036       150       165
3 Grand River Hospital District GO 6.000%  12/1/2043       100       113
3 Grand River Hospital District GO 6.000%  12/1/2044       100       113
3 Grand River Hospital District GO 6.000%  12/1/2045       100       112
3 Gypsum CO Sewer Revenue 4.000%  12/1/2049       135       120
  Parterre Metropolitan District No. 5 GO 6.125%  12/1/2055       840       876
  Piney Lake Trails Metropolitan District No. 1 GO 5.875%  12/1/2055     2,000     2,004
  Regional Transportation District Sales Tax Revenue (Fastracks Project) 5.000%  11/1/2041       125       125
7 Sterling Ranch Community Authority Board Ad Valorem Property Tax Revenue 5.000%  12/1/2039       300       313
7 Sterling Ranch Community Authority Board Ad Valorem Property Tax Revenue 5.000%  12/1/2040       300       312
7 Sterling Ranch Community Authority Board Ad Valorem Property Tax Revenue 5.000%  12/1/2041       350       363
7 Sterling Ranch Community Authority Board Ad Valorem Property Tax Revenue 5.000%  12/1/2042       500       519
7 Sterling Ranch Community Authority Board Ad Valorem Property Tax Revenue 5.000%  12/1/2043       500       518
7 Sterling Ranch Community Authority Board Ad Valorem Property Tax Revenue 5.000%  12/1/2044       500       516
7 Sterling Ranch Community Authority Board Ad Valorem Property Tax Revenue 5.000%  12/1/2045       500       515
  University of Colorado College & University Revenue 5.250%   6/1/2051       250       263
  University of Colorado College & University Revenue PUT 2.000% 10/15/2026       520       519
  Weld County School District No. 6 Greeley GO 5.000%  12/1/2044     2,000     2,062
3 Westminster Public Schools COP 5.000%  12/1/2043       250       255
                                       39,406
Connecticut (0.5%)
  Aquarion Water Authority Water Revenue 5.000%   8/1/2032       150       164
  Aquarion Water Authority Water Revenue 5.000%   8/1/2032       100       108
  Aquarion Water Authority Water Revenue 5.000%   8/1/2033       100       110
  Aquarion Water Authority Water Revenue 5.000%   8/1/2034       100       111
  Aquarion Water Authority Water Revenue 5.000%   8/1/2034       100       110
  Aquarion Water Authority Water Revenue 5.000%   8/1/2035       155       172
  Aquarion Water Authority Water Revenue 5.000%   8/1/2035       100       110
  Aquarion Water Authority Water Revenue 5.000%   8/1/2036       100       111
  Aquarion Water Authority Water Revenue 5.000%   8/1/2036       100       110
  Aquarion Water Authority Water Revenue 5.250%   8/1/2037       105       118
  Aquarion Water Authority Water Revenue 5.250%   8/1/2037       100       111
  Aquarion Water Authority Water Revenue 0.000%   8/1/2049       920       285
  Aquarion Water Authority Water Revenue 0.000%   8/1/2050       935       273
  Aquarion Water Authority Water Revenue 0.000%   8/1/2051       770       213
  Aquarion Water Authority Water Revenue 0.000%   8/1/2052     1,100       287
  Aquarion Water Authority Water Revenue 0.000%   8/1/2053     1,055       259
  Aquarion Water Authority Water Revenue 0.000%   8/1/2054     6,475     1,503
  Aquarion Water Authority Water Revenue 0.000%   8/1/2055     6,150     1,344
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue (Housing Mortgage Finance Program) 3.500% 11/15/2045       140       139
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/2028        50        51
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031       940     1,015
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2034       225       238
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2035       155       161
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 3.000%   7/1/2039        50        39
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 6.375% 12/15/2061       680       685
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/2029       700       738
  Norwalk Housing Authority Local or Guaranteed Housing Revenue PUT 3.050%   9/1/2027       100       100
  Stamford Housing Authority Health, Hospital, Nursing Home Revenue (Mozaic Concierge Living Project) 6.500%  10/1/2055       100       103
  Stamford Housing Authority Health, Hospital, Nursing Home Revenue (Mozaic Concierge Living Project) 6.250%  10/1/2060       100       101
                                        8,869
Delaware (0.4%)
  Delaware State Economic Development Authority Electric Power & Light Revenue (NRG Energy Project) PUT 4.000%  10/1/2035       640       629
  Delaware State Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2033       110       112
  Delaware State Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2045     1,665     1,706
  Delaware State Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/2049     1,185     1,058
  Delaware State Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.250%  10/1/2051     2,785     2,905
  Delaware State Housing Authority Local or Guaranteed Housing Revenue 6.000%   1/1/2056     1,370     1,488
6 Freddie Mac Pool 4.350%   1/1/2044         1         1
                                        7,899
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
District of Columbia (0.7%)
  District of Columbia College & University Revenue 4.000%  10/1/2042       245       217
  District of Columbia College & University Revenue 5.750%  10/1/2055       500       504
  District of Columbia College & University Revenue PUT 5.000%   4/3/2035       425       458
  District of Columbia GO 5.000%   6/1/2042       535       540
  District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue (2911 Rhode Island Apartments Project) 5.000%   3/1/2028       100       103
  District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue PUT 5.000%   2/1/2028       100       103
8 District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue PUT 4.400%   9/1/2028       150       153
  District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.150%  11/1/2028       100       100
8 District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.125%   3/1/2031       115       112
  District of Columbia Income Tax Revenue 5.000%   3/1/2033       430       454
  District of Columbia Income Tax Revenue 5.000%   7/1/2038       245       262
  District of Columbia Income Tax Revenue 5.000%   7/1/2047     1,650     1,706
  District of Columbia Water & Sewer Authority Water Revenue 5.000%  10/1/2044       175       180
  Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 0.000%  10/1/2037        95        55
7 Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 0.000%  10/1/2037        55        32
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 5.000%  7/15/2032       290       309
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 5.000%  7/15/2041       230       239
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 5.000%  7/15/2045     1,560     1,597
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 4.125%  7/15/2047       440       417
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 5.000%  7/15/2060     2,500     2,537
  Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue 5.500%  7/15/2060     1,000     1,054
  Washington Metropolitan Area Transit Authority Transit Revenue 5.000%   7/1/2043     1,280     1,292
                                       12,424
Florida (3.3%)
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 3.625%  10/1/2030       100       100
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 3.750%  10/1/2030       100       100
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/2030       100       100
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 3.000%  12/1/2046     1,435     1,024
7 Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 3.000%  12/1/2046     1,120       830
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/2049     1,055       901
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue 6.250%   1/1/2056       100       109
  Brevard County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031       995     1,064
  Brevard County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2047        70        71
  Brevard County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2052     1,000       846
  Broward County FL School District COP 5.000%   7/1/2032       285       302
  Capital FL Projects Finance Authority College & University Revenue (Florida University Project) 5.000%  10/1/2030       130       135
4 Capital Trust Agency Inc. Charter School Aid Revenue (Academic Charter Schools Inc. Project) 4.000%   7/1/2041       200       174
4 Capital Trust Agency Inc. Charter School Aid Revenue (Franklin Academy Project) 5.000% 12/15/2026       100       100
4 Capital Trust Authority Charter School Aid Revenue (Imagine School at West Pasco Project) 6.500% 12/15/2058       100        90
  Capital Trust Authority Health, Hospital, Nursing Home Revenue (UF Health Projects) 5.000%  12/1/2030       960     1,023
  Capital Trust Authority Health, Hospital, Nursing Home Revenue (UF Health Projects) 5.000%  12/1/2032       165       178
  Central Florida Expressway Authority Highway Revenue 5.000%   7/1/2043       385       394
  Citrus County FL Water & Wastewater System Water Revenue 2.750%  10/1/2035       190       166
  Collier County IDA Health, Hospital, Nursing Home Revenue (NHC Healthcare System Project) PUT 5.000%  10/1/2031       400       421
  Delray Beach FL Water & Sewer Water Revenue 5.250%  10/1/2055       650       683
  Escambia County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/2050     2,470     2,087
  Florida Department of Transportation Lease (Appropriation) Revenue 3.000%   7/1/2034       260       243
  Florida Department of Transportation Turnpike System Highway Revenue 3.000%   7/1/2039       300       252
4 Florida Development Finance Corp. Charter School Aid Revenue 4.000% 12/15/2056       600       457
4 Florida Development Finance Corp. Charter School Aid Revenue (Imagine School at Broward Project) 5.000% 12/15/2034        50        51
4 Florida Development Finance Corp. Charter School Aid Revenue (Imagine School at Broward Project) 5.000% 12/15/2039       205       206
4 Florida Development Finance Corp. Charter School Aid Revenue (Renaissance Charter School Inc. Projects) 5.000%  9/15/2040       150       145
  Florida Development Finance Corp. Charter School Aid Revenue (River City Science Academy Project) 5.000%   2/1/2057       105        95
4 Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   6/1/2031       150       156
  Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue (Tampa General Hospital Project) PUT 5.000%  10/1/2031       100       107
  Florida GO, Prere. 4.000%   6/1/2027     2,250     2,274
  Florida Gulf Coast University Financing Corp. Local or Guaranteed Housing Revenue (Housing Project) 5.000%   2/1/2033       365       383
  Florida Higher Educational Facilities Financing Authority College & University Revenue 4.000%  10/1/2037        85        80
  Florida Higher Educational Facilities Financing Authority College & University Revenue (Educational Facilities Ringling College Project) 4.000%   3/1/2047       100        79
  Florida Higher Educational Facilities Financing Authority College & University Revenue (Rollins College Project) 3.000%  12/1/2048       355       258
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue 6.250%   1/1/2055       755       814
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue 6.250%   7/1/2056       955     1,047
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue 6.250%   7/1/2056       435       477
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue 6.000%   1/1/2057       215       237
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.150%  12/1/2028       250       249
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Florida Insurance Assistance Interlocal Agency Inc. Miscellaneous Revenue 5.000%   9/1/2027       160       160
4 Florida Local Government Finance Commission Health, Hospital, Nursing Home Revenue (Fleet Landing At Nocatee Project) 6.875% 11/15/2064       565       595
7 Florida State Board of Governors Florida International University Dormitory Rev Local or Guaranteed Housing Revenue 2.000%   7/1/2041        65        43
  Gainesville FL Utilities System Multiple Utility Revenue 5.000%  10/1/2044        50        51
4 Gas Worx Community Development District Special Assessment Revenue 6.000%   5/1/2057       105       106
  Greenbriar Community Development District Special Assessment Revenue 5.700%   5/1/2058       125       122
  Halifax Hospital Medical Center Health, Hospital, Nursing Home Revenue 5.000%   6/1/2028       150       150
  Halifax Hospital Medical Center Health, Hospital, Nursing Home Revenue 3.750%   6/1/2041       425       374
  Hallandale Beach FL Utility System Water Revenue 4.000%   8/1/2054       275       239
  Highlands County Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2031       100       107
  Hillsborough County FL Miscellaneous Revenue 3.000%   8/1/2046       150       113
3 Hillsborough County FL Miscellaneous Taxes Revenue 3.125%  10/1/2046       475       373
  Hillsborough County IDA Health, Hospital, Nursing Home Revenue 4.125% 11/15/2051       175       159
  Hillsborough County IDA Health, Hospital, Nursing Home Revenue (Tampa General Hospital Project) 3.500%   8/1/2055       860       646
  Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000%  8/15/2035        85        86
  Lakeland FL Health, Hospital, Nursing Home Revenue 5.000% 11/15/2030       140       141
  Langley South Community Development District Special Assessment Revenue (Assessment Area One Project) 5.400%   5/1/2055        55        53
  Lee County FL IDA Health, Hospital, Nursing Home Revenue 5.000%   4/1/2029        60        63
  Lee County FL IDA Health, Hospital, Nursing Home Revenue (Lee Health System Inc. Project) PUT 5.000%   4/1/2035       495       536
  Lee County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 4.000%  11/1/2027       195       195
3 Marion County School Board COP 5.000%   6/1/2042       575       602
  Miami Beach FL Miscellaneous Taxes Revenue 5.000%   9/1/2040       255       257
  Miami Beach FL Water & Sewer Water Revenue 5.000%   9/1/2047     1,000     1,007
  Miami Beach Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2051       955       806
  Miami-Dade County Educational Facilities Authority College & University Revenue 5.000%   4/1/2037        85        87
  Miami-Dade County Expressway Authority Highway Revenue 5.000%   7/1/2032       100       100
  Miami-Dade County FL Special Obligation Revenue 5.000%   4/1/2045        50        52
  Miami-Dade County FL Special Obligation Revenue 5.000%   4/1/2046       325       325
  Miami-Dade County FL Transit System Sales Tax Revenue 5.000%   7/1/2043     1,750     1,783
  Miami-Dade County FL Transit System Sales Tax Revenue 4.000%   7/1/2050     2,625     2,330
  Miami-Dade County FL Water & Sewer System Water Revenue 5.000%  10/1/2043     1,000     1,020
  Miami-Dade County FL Water & Sewer System Water Revenue 4.000%  10/1/2046     1,570     1,440
  Miami-Dade County FL Water & Sewer System Water Revenue 4.000%  10/1/2048     2,085     1,867
  Miami-Dade County Housing Finance Authority Local or Guaranteed Housing Revenue (Rainbow Village Project) 4.880%   3/1/2046       200       198
  Miami-Dade County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.250%   8/1/2029       525       524
4 Miami-Dade County IDA Charter School Aid Revenue 6.250%   6/1/2055       750       755
  Miami-Dade County IDA Local or Guaranteed Housing Revenue 5.000%   6/1/2040        50        48
  Miami-Dade County IDA Local or Guaranteed Housing Revenue 5.000%   6/1/2048       140       129
4 Miami-Dade County IDA Local or Guaranteed Housing Revenue PUT 5.375%   7/1/2036     1,495     1,540
3 Miami-Dade County Seaport Department Port, Airport & Marina Revenue 3.000%  10/1/2045        50        39
3 Miami-Dade County Seaport Department Port, Airport & Marina Revenue 3.000%  10/1/2050     3,840     2,747
  North Broward Hospital District Health, Hospital, Nursing Home Revenue 5.000%   1/1/2037       300       305
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2036       260       261
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2037       105       105
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2044       460       462
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2047       145       146
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/2052       600       503
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.500%  10/1/2056       200       188
  Orange County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.350%   7/1/2028        50        50
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2036     3,235     3,248
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 3.000%  8/15/2044     1,450     1,140
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue (Jupiter Medical Center Project) 5.000%  11/1/2035       150       157
  Palm Beach County Housing Finance Authority Local or Guaranteed Housing Revenue 2.800%   2/1/2027       300       299
  Palm Beach County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.900%   2/1/2029       435       431
  Palm Beach County School District COP 5.000%   8/1/2038       240       253
3 Palm Beach County School District COP 5.000%   8/1/2041       725       758
7 Pasco County School Board COP 5.000%   8/1/2039       100       102
3 Pasco County School Board COP 5.000%   8/1/2046       175       181
  Port St. Lucie FL Special Assessment Revenue 3.250%   7/1/2045       195       157
  Sarasota County Public Hospital District Health, Hospital, Nursing Home Revenue (Sarasota Memorial Hospital Project) 4.000%   7/1/2052     1,225     1,044
  South Broward Hospital District Health, Hospital, Nursing Home Revenue 4.000%   5/1/2033       105       105
  South Broward Hospital District Health, Hospital, Nursing Home Revenue 3.000%   5/1/2037       125       111
  South Miami Health Facilities Authority Inc. Health, Hospital, Nursing Home Revenue 5.000%  8/15/2035       475       525
  South Miami Health Facilities Authority Inc. Health, Hospital, Nursing Home Revenue 5.000%  8/15/2037       290       294
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  South Miami Health Facilities Authority Inc. Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2030       180       191
  St. Johns County IDA Health, Hospital, Nursing Home Revenue 4.000%   8/1/2055       965       789
  Tallahassee FL Health, Hospital, Nursing Home Revenue 5.000%  12/1/2040     3,100     3,100
  Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000%   7/1/2037        80        80
  Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 4.000%   7/1/2045     3,195     2,887
  V-Dana Community Development District Special Assessment Revenue (Assessment Area Two-2025 Project) 5.550%   5/1/2055        90        88
4 Village Community Development District No. 15 Special Assessment Revenue 3.750%   5/1/2029       415       416
                                       58,852
Georgia (1.6%)
  Atlanta Development Authority Hotel Occupancy Tax Revenue 5.250%   7/1/2044       220       220
  Atlanta GA Airport Customer Facility Charge Port, Airport & Marina Revenue 5.500%   7/1/2050     1,000     1,064
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 2.920%   5/1/2028       100       100
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 3.150%  12/1/2028       100       100
3 Augusta GA Water & Sewer Water Revenue 3.500%  10/1/2042       110        97
  Burke County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Vogtle Project) PUT 3.375%  3/12/2027       500       501
  Burke County Development Authority Electric Power & Light Revenue (Oglethorpe Power Corp. Vogtle Project) PUT 3.600%   2/1/2030       235       236
  Burke County Development Authority Electric Power & Light Revenue PUT 2.900%  8/21/2029       125       124
  Canton GA Water & Sewerage Water Revenue 2.000%   5/1/2050       155        84
  Clarke County Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031       750       751
  Clayton County Development Authority Local or Guaranteed Housing Revenue (Clayton State University Project) 3.000%   7/1/2041        25        20
  Cobb County Development Authority Local or Guaranteed Housing Revenue 5.000%  6/15/2057       500       506
4 Cobb County Development Authority Private Schools Revenue (Mt. Bethel Christian Academy Project) 6.250%   6/1/2055       500       512
4 Cobb County Development Authority Private Schools Revenue (Mt. Bethel Christian Academy Project) 6.250%   6/1/2064       500       508
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2052       450       386
  Coweta County Development Authority Health, Hospital, Nursing Home Revenue (Piedmont Healthcare Inc. Project) 5.000%   7/1/2044       100       102
  DeKalb County GA Water & Sewerage Water Revenue 5.000%  10/1/2045     1,685     1,759
  DeKalb County Housing Authority Local or Guaranteed Housing Revenue 4.125%  12/1/2034        50        49
  DeKalb County Housing Authority Local or Guaranteed Housing Revenue (Windmont Pointe Project) 4.000%   7/1/2036       525       515
  Development Authority for Fulton County Recreational Revenue 5.000%  3/15/2033       810       885
  Fulton County Development Authority College & University Revenue 5.250%   6/1/2051     3,000     3,091
  Fulton County Development Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   4/1/2042       175       176
4 Fulton County Development Authority Local or Guaranteed Housing Revenue (Madrone – MS Student Housing I LLC Project) 5.750%   7/1/2066     1,055     1,040
  Gainesville & Hall County Hospital Authority Health, Hospital, Nursing Home Revenue 3.000%  2/15/2047     3,975     2,980
  Gainesville & Hall County Hospital Authority Health, Hospital, Nursing Home Revenue 2.500%  2/15/2051       225       140
  Gainesville & Hall County Hospital Authority Health, Hospital, Nursing Home Revenue (Northeast Georgia Health System Inc. Project) 5.000%  2/15/2035       350       353
  Gainesville & Hall County Hospital Authority Health, Hospital, Nursing Home Revenue (Northeast Georgia Health System Inc. Project) 5.000%  2/15/2042       210       211
  Georgia Housing & Finance Authority Local or Guaranteed Housing Revenue 3.350%  12/1/2041        80        69
  Georgia Housing & Finance Authority Local or Guaranteed Housing Revenue 4.700%  12/1/2055       250       240
  Georgia Housing & Finance Authority Local or Guaranteed Housing Revenue 6.500%  12/1/2055       220       243
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/2034        80        82
7 Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/2049       100       100
  Glynn-Brunswick Memorial Hospital Authority Health, Hospital, Nursing Home Revenue RAN 4.000%   8/1/2035        80        76
  Main Street Energy Inc. Natural Gas Revenue (Energy Project) 5.000%  12/1/2030       125       129
  Main Street Energy Inc. Natural Gas Revenue (Energy Project) 5.000%  12/1/2033       500       519
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  12/1/2029       150       155
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  5/15/2049       200       198
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000%   9/1/2026       755       756
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000%   9/1/2027       755       762
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000%  12/1/2028     1,055     1,060
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   6/1/2029       210       216
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000%  12/1/2029       505       507
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   3/1/2030       115       120
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   6/1/2030     1,525     1,577
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   9/1/2030     1,000     1,050
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%  12/1/2030     1,005     1,046
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   4/1/2031       220       231
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   6/1/2031       150       158
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   9/1/2031       400       421
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   3/1/2032       750       794
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   6/1/2032       100       106
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%  12/1/2032       535       558
  Monroe County Development Authority Electric Power & Light Revenue (Oglethorpe Power Corp. Scherer Project) PUT 3.600%   2/1/2030        50        50
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Private Colleges & Universities Authority College & University Revenue 5.000%   9/1/2039       225       234
  Private Colleges & Universities Authority College & University Revenue 4.000%   6/1/2045        55        49
  Private Colleges & Universities Authority College & University Revenue 5.000%   9/1/2048       100       102
  Savannah Economic Development Authority Industrial Revenue PUT 3.450%  10/1/2031       300       298
                                       28,416
Guam (0.0%)
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2029        75        78
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2042        60        62
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2028       100       102
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2028       100       102
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2029       100       104
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2031       100       105
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2034       125       132
                                          685
Hawaii (0.1%)
  Hawaii County HI GO 5.000%   9/1/2036       345       349
  Hawaii Housing Finance & Development Corp. Local or Guaranteed Housing Revenue 6.000%   7/1/2056     1,500     1,634
  Honolulu HI City & County GO 5.000%   9/1/2040        65        66
                                        2,049
Idaho (0.2%)
  Idaho Health Facilities Authority Health, Hospital, Nursing Home Revenue (St. Luke's Health System Project) 4.375%   3/1/2053       100        94
  Idaho Health Facilities Authority Health, Hospital, Nursing Home Revenue (St. Luke's Health System Project) PUT 5.000%   3/1/2035       165       179
3 University of Idaho Local or Guaranteed Housing Revenue 5.500%   4/1/2051       550       582
3 University of Idaho Local or Guaranteed Housing Revenue 5.500%   4/1/2057     2,850     3,007
                                        3,862
Illinois (8.0%)
3 Adams County School District No. 172 GO 5.000%   2/1/2034       660       720
  Chicago Board of Education (Series 2015C Bonds Project) GO 5.250%  12/1/2035        15        15
  Chicago Board of Education (Series 2015C Bonds Project) GO 5.250%  12/1/2039       915       891
  Chicago Board of Education Dedicated Capital Improvement Tax Ad Valorem Property Tax Revenue 6.100%   4/1/2036       210       213
  Chicago Board of Education Dedicated Capital Improvement Tax Miscellaneous Taxes Revenue 5.000%   4/1/2036       100       101
  Chicago Board of Education Dedicated Capital Improvement Tax Miscellaneous Taxes Revenue 5.000%   4/1/2036     1,270     1,285
  Chicago Board of Education Dedicated Capital Improvement Tax Miscellaneous Taxes Revenue 5.000%   4/1/2037     2,800     2,827
  Chicago Board of Education Dedicated Capital Improvement Tax Miscellaneous Taxes Revenue 5.000%   4/1/2037       180       181
  Chicago Board of Education Dedicated Capital Improvement Tax Miscellaneous Taxes Revenue 5.000%   4/1/2038       500       503
  Chicago Board of Education Dedicated Capital Improvement Tax Miscellaneous Taxes Revenue 5.000%   4/1/2042     1,700     1,690
5 Chicago Board of Education GO 0.000%  12/1/2026       250       247
3 Chicago Board of Education GO 5.000%  12/1/2027       800       818
3 Chicago Board of Education GO 5.000%  12/1/2027       100       102
3 Chicago Board of Education GO 5.000%  12/1/2028       100       104
  Chicago Board of Education GO 5.000%  12/1/2029       100       102
  Chicago Board of Education GO 5.000%  12/1/2030       150       152
  Chicago Board of Education GO 5.000%  12/1/2035       300       300
  Chicago Board of Education GO 5.000%  12/1/2036       500       495
  Chicago Board of Education GO 5.000%  12/1/2036       300       297
  Chicago Board of Education GO 6.000%  12/1/2037     4,800     5,159
  Chicago Board of Education GO 5.000%  12/1/2040     1,000       952
  Chicago Board of Education GO 6.000%  12/1/2041     1,000     1,051
  Chicago Board of Education GO 5.000%  12/1/2042       430       409
  Chicago Board of Education GO 6.000%  12/1/2042       760       796
  Chicago Board of Education GO 6.000%  12/1/2042     1,000     1,047
  Chicago Board of Education GO 6.000%  12/1/2043       880       919
  Chicago Board of Education GO 6.000%  12/1/2044       415       431
  Chicago Board of Education GO 5.000%  12/1/2047       100        89
  Chicago Board of Education GO 5.750%  12/1/2050     1,000     1,004
  Chicago Board of Education GO 6.250%  12/1/2050       755       785
  Chicago IL (Housing & Economic Development Projects) GO 6.000%   1/1/2042     1,340     1,431
  Chicago IL (Housing & Economic Development Projects) GO 6.000%   1/1/2055     1,000     1,027
  Chicago IL GO 5.000%   1/1/2027       185       186
  Chicago IL GO 5.000%   1/1/2028       155       157
  Chicago IL GO 0.000%   1/1/2032        75        60
  Chicago IL GO 4.000%   1/1/2032        75        73
  Chicago IL GO 5.000%   1/1/2033       985     1,003
  Chicago IL GO 5.000%   1/1/2034       240       244
  Chicago IL GO 5.000%   1/1/2034       500       513
  Chicago IL GO 4.000%   1/1/2035       360       341
  Chicago IL GO 4.000%   1/1/2035     1,000       948
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Chicago IL GO 4.000%   1/1/2035       150       142
  Chicago IL GO 5.500%   1/1/2043        55        55
  Chicago IL GO 5.000%   1/1/2044       150       143
  Chicago IL GO, ETM 5.000%   1/1/2028        75        77
5 Chicago IL Wastewater Transmission Sewer Revenue 0.000%   1/1/2027       100        99
  Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/2034     1,000     1,006
3 Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/2036       300       322
3 Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/2039       235       249
7 Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/2042       280       294
2 Chicago IL Waterworks Water Revenue 5.000%  11/1/2030     1,505     1,611
3 Chicago IL Waterworks Water Revenue 5.000%  11/1/2031       335       364
2 Chicago IL Waterworks Water Revenue 5.000%  11/1/2031     2,020     2,185
3 Chicago IL Waterworks Water Revenue 5.000%  11/1/2035       445       476
  Chicago IL Waterworks Water Revenue 5.000%  11/1/2047       705       717
  Chicago IL Waterworks Water Revenue 5.500%  11/1/2066     4,155     4,311
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/2036       125       126
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/2038       205       206
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/2039       455       457
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/2041        25        25
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.250%   1/1/2042       100       101
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/2047    10,000    10,022
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/2048        85        86
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/2048       275       281
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.250%   1/1/2056     1,500     1,546
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.250%   1/1/2061     1,500     1,534
7 Chicago Park District GO 5.000%   1/1/2039       100       104
  Chicago Transit Authority Sales Tax Receipts Fund Sales Tax Revenue 5.000%  12/1/2043       100       105
  Chicago Transit Authority Sales Tax Receipts Fund Sales Tax Revenue 5.000%  12/1/2045       270       275
  Chicago Transit Authority Sales Tax Receipts Fund Sales Tax Revenue 4.000%  12/1/2049     1,250     1,096
7 Cook County Community College District No. 508 GO 5.500%  12/1/2051     2,500     2,610
7 Cook County Community College District No. 508 GO 5.500%  12/1/2055     2,500     2,596
  Cook County Community Consolidated School District No. 64 Park Ridge-Niles GO 4.250%  12/1/2047       350       336
  Cook County IL GO 5.000% 11/15/2031     1,000     1,005
  Cook County IL Sales Tax Revenue 5.000% 11/15/2044        75        78
2 Cook County IL Sales Tax Revenue 5.250% 11/15/2051     5,520     5,725
  Cook County School District No. 63 East Maine GO 4.000%  12/1/2030       750       757
  DuPage & Cook Counties Community Unit School District No. 205 Elmhurst GO 3.000%   1/1/2035       110       102
3 Fulton Mason Knox Schuyler Etc Counties Community College District No. 534 GO 4.500%  12/1/2034     1,500     1,512
7 Grand Prairie Water Commission Water Revenue 5.250%   1/1/2050     1,000     1,039
7 Grand Prairie Water Commission Water Revenue 5.250%   1/1/2055     1,000     1,025
  Grundy Kendall & Will Counties Community High School District No. 111 Minooka GO 5.000%  12/1/2030       265       285
7 Hoffman Estates Park District GO 5.000%  12/1/2030       120       125
  Illinois Finance Authority Charter School Aid Revenue 5.125%  12/1/2033       710       747
  Illinois Finance Authority Charter School Aid Revenue 5.250%  12/1/2034       375       397
  Illinois Finance Authority Charter School Aid Revenue 5.250%  12/1/2035       390       412
  Illinois Finance Authority Charter School Aid Revenue 5.250%  12/1/2045     3,000     2,972
  Illinois Finance Authority College & University Revenue 5.000%  10/1/2026        60        60
  Illinois Finance Authority College & University Revenue 5.000%  10/1/2028        75        77
  Illinois Finance Authority College & University Revenue 5.000%  10/1/2036       225       225
  Illinois Finance Authority College & University Revenue 4.000%   9/1/2037       100        87
  Illinois Finance Authority College & University Revenue 5.000%  10/1/2041       100        98
  Illinois Finance Authority College & University Revenue 5.000%  10/1/2041       180       182
  Illinois Finance Authority College & University Revenue 5.000%  5/15/2043        65        68
  Illinois Finance Authority College & University Revenue 5.000%  10/1/2044       980     1,001
  Illinois Finance Authority College & University Revenue 5.250%   4/1/2045       100       106
  Illinois Finance Authority College & University Revenue 5.000%  10/1/2048     1,070     1,077
  Illinois Finance Authority College & University Revenue (Bradley University Project) 5.000%   8/1/2030       500       505
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2031     3,905     4,201
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2031       100       101
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2033       975       936
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2034       700       725
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2034       300       288
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2036       150       151
3 Illinois Finance Authority Health, Hospital, Nursing Home Revenue 3.250%  5/15/2039       100        85
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 3.250%  5/15/2039       220       185
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2041       245       246
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/2042       200       202
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2047       180       182
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/2050       780       654
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2051       525       525
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2052       115       114
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.500%   4/1/2056       615       638
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2032       200       216
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2035       180       197
1 Illinois Finance Authority Recreational Revenue, 70% of SOFR + 1.150% 3.705%  11/1/2034       225       225
  Illinois Finance Authority Water Revenue 5.000%   7/1/2032       265       267
  Illinois Finance Authority Water Revenue 5.000%   7/1/2033       160       161
  Illinois Finance Authority Water Revenue 4.000%   7/1/2039        50        48
  Illinois GO 5.000%   5/1/2029       180       186
  Illinois GO 5.000%   3/1/2031       210       225
  Illinois GO 5.000%   5/1/2032        95       103
  Illinois GO 5.000%  12/1/2032        50        54
  Illinois GO 4.000%  12/1/2034       500       498
  Illinois GO 5.000%   5/1/2035       100       106
  Illinois GO 5.000%   5/1/2036     1,890     2,003
  Illinois GO 5.000%  11/1/2036       125       125
  Illinois GO 5.250%   3/1/2037       250       267
  Illinois GO 5.000%   5/1/2037        60        63
  Illinois GO 4.000%   7/1/2037       560       544
  Illinois GO 5.250%   5/1/2039        50        53
  Illinois GO 5.000%   5/1/2040        30        30
  Illinois GO 5.500%  10/1/2040       725       777
  Illinois GO 5.000%   5/1/2041       150       157
  Illinois GO 4.000%  10/1/2043       200       184
  Illinois GO 4.000%  10/1/2048     1,250     1,101
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 1.500%   4/1/2030        60        54
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 3.100%   2/1/2035        65        60
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 4.450%   8/1/2042     2,000     1,940
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 6.250%   4/1/2056     1,990     2,215
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 6.250%  10/1/2056       370       413
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 6.500%  10/1/2056     1,180     1,336
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.450%  12/1/2027        50        50
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.380%   1/1/2028        50        50
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 2.800%   4/1/2028       190       189
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 2.800%   4/1/2028       150       149
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2028       100       100
  Illinois Sales Tax Revenue 5.000%  6/15/2030     2,000     2,129
  Illinois Sales Tax Revenue 5.000%  6/15/2031     1,000     1,075
  Illinois Sales Tax Revenue 5.000%  6/15/2032     1,000     1,081
  Illinois Sales Tax Revenue 5.000%  6/15/2033       110       120
  Illinois Sales Tax Revenue 5.000%  6/15/2033     1,000     1,088
  Illinois Sales Tax Revenue 5.000%  6/15/2034     1,000     1,093
  Illinois Sales Tax Revenue 5.000%  6/15/2035       210       228
  Illinois Sales Tax Revenue 5.000%  6/15/2040       155       163
  Illinois Sales Tax Revenue 5.000%  6/15/2041     2,000     2,101
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/2037       115       115
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/2040       125       125
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/2041     2,580     2,582
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/2042     1,375     1,395
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/2043       110       115
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/2044       125       128
  Illinois State Toll Highway Authority Highway Revenue 5.000%   1/1/2045     1,635     1,686
  Illinois State Toll Highway Authority Highway Revenue 4.000%   1/1/2046     4,945     4,625
3 Illinois State University College & University Revenue 5.000%   4/1/2037        50        51
7 Joliet IL Waterworks & Sewerage Water Revenue 5.250%   1/1/2050     2,000     2,065
  Lake County IL Water & Sewer System Water Revenue 2.000%  12/1/2032       990       851
  Lincoln Land Community College District No. 526 GO 4.000% 12/15/2044       750       692
3 Macon County School District No. 61 Decatur GO 5.000%  12/1/2040       250       254
  McHenry & Lake Counties Community High School District No. 155 Crystal Lake GO 4.000%  6/30/2043       785       739
  McHenry & Lake Counties Community High School District No. 155 Crystal Lake GO 4.000%  6/30/2044       860       802
5 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000% 12/15/2030        30        26
5 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000% 12/15/2031        25        21
5 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000% 12/15/2033       200       151
  Metropolitan Pier & Exposition Authority Appropriations Revenue 5.000% 12/15/2036       225       239
5 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000%  6/15/2037        85        54
5 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000%  6/15/2038       500       300
5 Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 0.000%  6/15/2029       175       159
  Northern Illinois Municipal Power Agency Electric Power & Light Revenue 4.000%  12/1/2032       500       500
7 Northern Illinois University Local or Guaranteed Housing Revenue 5.000%  10/1/2031       450       474
  Regional Transportation Authority Sales Tax Revenue 5.000%   6/1/2055       780       790
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Sales Tax Securitization Corp. Intergovernmental Agreement Revenue 5.000%   1/1/2029       100       105
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/2034       100       108
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/2035       110       118
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/2035       235       257
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/2037       100       104
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/2038       120       122
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/2039       420       448
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/2043       125       127
  Sales Tax Securitization Corp. Sales Tax Revenue 5.250%   1/1/2043     1,125     1,150
7 Sangamon County School District No. 186 Springfield GO 5.500%   6/1/2066     1,205     1,258
7 Southwestern Illinois Development Authority Intergovernmental Agreement Revenue 5.000%  12/1/2039       650       683
7 Southwestern Illinois Development Authority Intergovernmental Agreement Revenue 5.000%  12/1/2040     2,000     2,098
7 Southwestern Illinois Development Authority Intergovernmental Agreement Revenue 5.000%  12/1/2041     1,200     1,257
7 Southwestern Illinois Development Authority Intergovernmental Agreement Revenue 5.000%  12/1/2042       840       879
7 Southwestern Illinois Development Authority Intergovernmental Agreement Revenue (Local Government Program) 5.000%   1/1/2043       165       172
7 Southwestern Illinois Development Authority Intergovernmental Agreement Revenue (Local Government Program) 5.000%   1/1/2044       170       176
7 Southwestern Illinois Development Authority Intergovernmental Agreement Revenue (Local Government Program) 5.500%   1/1/2045       125       133
7 Southwestern Illinois Development Authority Intergovernmental Agreement Revenue (Local Government Program) 5.500%   1/1/2046       125       132
7 Southwestern Illinois Development Authority Intergovernmental Agreement Revenue (Local Government Program) 5.500%   1/1/2047       125       132
7 University of Illinois Board of Trustees College & University Revenue 3.000%   4/1/2036        60        54
                                      143,801
Indiana (1.6%)
  Brownsburg 1999 School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2043       220       232
  Brownsburg 1999 School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/2045     1,000     1,046
  Clark-Pleasant Community School Building Corp. Lease (Abatement) Revenue 5.250%  1/15/2042       745       790
6,9 Freddie Mac Pool 4.350%   8/1/2041     3,689     3,554
  Indiana Finance Authority College & University Revenue (Depauw University Project) 5.000%  10/1/2034       215       228
  Indiana Finance Authority College & University Revenue (Depauw University Project) 5.000%  10/1/2035       225       239
  Indiana Finance Authority College & University Revenue (Depauw University Project) 5.000%  10/1/2036       215       226
  Indiana Finance Authority College & University Revenue (Taylor University Project) 5.000%   9/1/2031       800       857
  Indiana Finance Authority College & University Revenue (Taylor University Project) 5.000%   9/1/2032       440       475
  Indiana Finance Authority College & University Revenue (Taylor University Project) 5.000%   9/1/2033       450       488
  Indiana Finance Authority College & University Revenue (Taylor University Project) 5.000%   9/1/2034       475       518
  Indiana Finance Authority College & University Revenue (Taylor University Project) 5.000%   9/1/2035       500       546
  Indiana Finance Authority Electric Power & Light Revenue (Ohio Valley Electric Corp. Project) 4.250%  11/1/2030       100       102
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2027       180       182
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.500%   5/1/2051       575       606
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.500%   5/1/2054     1,255     1,318
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2033       135       147
  Indiana Finance Authority Industrial Revenue (United States Steel Corp. Project) 4.125%  12/1/2026       100       100
  Indiana Finance Authority Local or Guaranteed Housing Revenue 5.750%   7/1/2060       100        95
  Indiana Finance Authority Sewer Revenue 5.250%  10/1/2042        10        11
  Indiana Finance Authority Sewer Revenue (CWA Authority Project) 5.000%  10/1/2046     7,200     7,208
  Indiana Housing & Community Development Authority Local or Guaranteed Housing Revenue 6.500%   7/1/2055     1,725     1,909
  Indiana Housing & Community Development Authority Local or Guaranteed Housing Revenue (Flats on 14th Project) PUT 2.750%   4/1/2028       100        99
  Indiana Housing & Community Development Authority Local or Guaranteed Housing Revenue PUT 2.900%   3/1/2028       130       129
  Indiana University College & University Revenue 5.000%   6/1/2044     4,000     4,038
  Indianapolis Local Public Improvement Bond Bank Miscellaneous Revenue 5.250%   1/1/2055       555       573
  Indianapolis Local Public Improvement Bond Bank Miscellaneous Revenue (Indianapolis Public Transportation Corp. Project) 5.000%  1/15/2045       110       113
  Indianapolis Local Public Improvement Bond Bank Tax Increment/Allocation Revenue 4.000%   2/1/2047       255       236
  Rockport IN Electric Power & Light Revenue PUT 3.700%   6/1/2029       100       101
  St. Joseph County IN College & University Revenue (Saint Mary's College Project) 5.000%   4/1/2033     2,690     2,803
7 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.250%  7/15/2043        50        53
  Whiting IN Industrial Revenue (BP Products North America Inc. Project) PUT 4.200%  6/21/2035       160       161
                                       29,183
Iowa (0.7%)
7 Cedar Rapids Community School District Infrastructure Sales Services & Use Tax Sales Tax Revenue 5.000%   7/1/2035       500       550
7 Cedar Rapids Community School District Infrastructure Sales Services & Use Tax Sales Tax Revenue 5.000%   7/1/2036       180       196
7 Cedar Rapids Community School District Infrastructure Sales Services & Use Tax Sales Tax Revenue 5.000%   7/1/2038       195       210
7 Cedar Rapids Community School District Infrastructure Sales Services & Use Tax Sales Tax Revenue 5.000%   7/1/2045       200       211
7 Cedar Rapids Community School District Infrastructure Sales Services & Use Tax Sales Tax Revenue 5.000%   7/1/2046       100       105
7 Cedar Rapids Community School District Infrastructure Sales Services & Use Tax Sales Tax Revenue 5.250%   1/1/2051     1,500     1,554
  Guthrie County Hospital Health, Hospital, Nursing Home Revenue BAN 4.500%   2/1/2029       100       100
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Iowa Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2053       250       197
  Iowa Finance Authority Local or Guaranteed Housing Revenue 3.000%   7/1/2051       270       266
  Iowa Higher Education Loan Authority College & University Revenue (Grinnell College Project) 5.000%  12/1/2046       210       210
  Iowa Higher Education Loan Authority College & University Revenue (University of Dubuque Project) 6.000%  10/1/2055       500       515
  PEFA Inc. Natural Gas Revenue (Gas Project) 5.000%   4/1/2035     7,975     8,361
                                       12,475
Kansas (0.6%)
  Burlington KS Industrial Revenue (Evergy Metro Inc. Project) PUT 3.375%   6/2/2031       255       252
  Kansas Development Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2031        65        70
  Kansas Development Finance Authority Local or Guaranteed Housing Revenue PUT 3.050%  12/1/2028       180       179
  Lawrence KS Health, Hospital, Nursing Home Revenue 5.000%   7/1/2033       200       205
  Manhattan KS Health, Hospital, Nursing Home Revenue 2.750%   6/1/2046        65        46
  Manhattan KS Health, Hospital, Nursing Home Revenue 3.600%   6/1/2047        40        31
7 McPherson County Unified School District No. 418 McPherson GO 5.000%   9/1/2048       375       384
7 McPherson County Unified School District No. 418 McPherson GO 5.250%   9/1/2056     6,000     6,222
  Shawnee County KS Local or Guaranteed Housing Revenue PUT 3.750%   5/1/2028       100       100
7 Topeka KS Combined Utility Water Revenue 2.000%   8/1/2040       300       208
  University of Kansas Hospital Authority Health, Hospital, Nursing Home Revenue 3.000%   3/1/2041        50        43
  University of Kansas Hospital Authority Health, Hospital, Nursing Home Revenue 5.500%   3/1/2054     1,120     1,187
  Wamego KS Industrial Revenue 3.500%  4/15/2032     1,500     1,471
  Wyandotte County-Kansas City Unified Government Utility System Revenue Electric Power & Light Revenue 5.000%   9/1/2041       105       105
  Wyandotte County-Kansas City Unified Government Utility System Water Revenue 5.000%   9/1/2030       150       150
                                       10,653
Kentucky (2.8%)
  Breckinridge County School District Finance Corp. Lease (Appropriation) Revenue 4.125%   3/1/2046     2,000     1,867
  Kentucky Bond Development Corp. College & University Revenue 4.500%   6/1/2048        70        64
  Kentucky Bond Development Corp. College & University Revenue 4.000%   6/1/2051     3,490     2,788
  Kentucky Bond Development Corp. College & University Revenue 5.250% 10/31/2051       735       755
  Kentucky Bond Development Corp. College & University Revenue 5.500% 10/31/2056       355       371
  Kentucky Bond Development Corp. College & University Revenue 5.000% 10/31/2058     1,590     1,561
  Kentucky Bond Development Corp. Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2035       135       146
3 Kentucky Bond Development Corp. Local or Guaranteed Housing Revenue 5.000%   7/1/2035       750       819
3 Kentucky Bond Development Corp. Local or Guaranteed Housing Revenue 5.000%   7/1/2036       900       984
3 Kentucky Bond Development Corp. Local or Guaranteed Housing Revenue 5.250%   7/1/2061     1,000     1,022
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2030       155       163
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2035       515       532
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2038       255       261
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2039        85        87
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2041        65        66
  Kentucky Economic Development Finance Authority Telecom Revenue 5.000%   1/1/2045       200       200
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%  12/1/2029       310       322
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%   5/1/2032       520       541
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%  12/1/2033     4,015     4,075
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%   6/1/2034     2,625     2,687
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%   5/1/2036     2,000     2,071
  Kentucky Public Energy Authority Natural Gas Revenue PUT 4.000%   2/1/2028       375       378
  Kentucky Public Energy Authority Natural Gas Revenue PUT 5.250%  12/1/2029     3,090     3,249
  Kentucky Public Energy Authority Natural Gas Revenue PUT 5.000%   7/1/2030     2,185     2,264
  Kentucky Public Energy Authority Natural Gas Revenue PUT 4.000%   8/1/2030    10,000    10,049
  Kentucky Public Energy Authority Natural Gas Revenue PUT 5.250%   2/1/2032       100       106
  Kentucky Public Energy Authority Natural Gas Revenue PUT 5.000%   8/1/2032       840       875
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 132) 5.000%   4/1/2028       100       104
  Louisville & Jefferson County Metropolitan Sewer District Sewer Revenue 3.000%  5/15/2037       185       165
  Louisville & Jefferson County Metropolitan Sewer District Sewer Revenue 2.250%  5/15/2042     1,000       698
  Louisville & Jefferson County Metropolitan Sewer District Sewer Revenue 3.000%  5/15/2046       170       130
  Louisville & Jefferson County Visitors & Convention Commission Miscellaneous Taxes Revenue 3.125%   6/1/2041        90        74
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030       110       110
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2031       140       140
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2031     1,510     1,621
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2032     1,095     1,181
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2033     1,770     1,920
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2034     1,720     1,870
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2035     1,000     1,091
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2036     1,250     1,367
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2029       500       523
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2029     1,055     1,105
  University of Kentucky College & University Revenue 5.250%   4/1/2050       500       518
                                       50,920
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
Louisiana (2.0%)
3 Jefferson Sales Tax District Sales Tax Revenue 5.000%  12/1/2042     9,750     9,876
3 Lafayette LA Utilities Electric Power & Light Revenue 5.000%  11/1/2044     1,950     1,998
  Louisiana Gasoline & Fuels Tax Fuel Sales Tax Revenue 5.000%   5/1/2045     2,500     2,522
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue PUT 5.000%   4/1/2027       100       101
  Louisiana Local Government Environmental Facilities & Community Development Authority Industrial Revenue (Westlake Chemical Corp. Project) 3.500%  11/1/2032       200       193
3 Louisiana Office Facilities Corp. Lease (Appropriation) Revenue 5.250%   7/1/2050     1,500     1,556
  Louisiana Public Facilities Authority Charter School Aid Revenue (Crescent City Schools Project) 5.000%   7/1/2041       700       684
  Louisiana Public Facilities Authority Charter School Aid Revenue (Crescent City Schools Project) 5.300%   7/1/2046       550       534
  Louisiana Public Facilities Authority College & University Revenue 5.250%  10/1/2029       330       344
  Louisiana Public Facilities Authority College & University Revenue 5.250%  10/1/2031       100       106
  Louisiana Public Facilities Authority College & University Revenue 5.250%  10/1/2046        25        25
  Louisiana Public Facilities Authority College & University Revenue (Loyola University Project) 5.000%  10/1/2026        65        65
  Louisiana Public Facilities Authority College & University Revenue (Loyola University Project) 5.000%  10/1/2028        50        51
  Louisiana Public Facilities Authority College & University Revenue (Loyola University Project) 4.000%  10/1/2051     1,500     1,235
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2030       510       540
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030       390       406
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue 3.000%  5/15/2047     2,020     1,454
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2049     1,320     1,123
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue (Ochsner Clinic Foundation Project) 5.000%  5/15/2035       500       504
  New Orleans LA GO 5.000%  12/1/2032       500       533
  New Orleans LA GO 5.000%  12/1/2033       515       552
  New Orleans LA GO 5.000%  12/1/2036       990     1,015
  New Orleans LA GO 5.000%  12/1/2037       110       113
  New Orleans LA GO 5.000%  12/1/2037     1,165     1,213
  New Orleans LA GO 5.000%  12/1/2041       100       101
  New Orleans LA GO 5.000%  12/1/2043       580       587
  Parish of St. John the Baptist LA Industrial Revenue (Marathon Oil Corp. Project) PUT 3.000%   7/2/2029       640       636
7 Shreveport LA Water & Sewer Water Revenue 5.000%  12/1/2027        60        61
3 Shreveport LA Water & Sewer Water Revenue 5.000%  12/1/2040       100       106
  St. John Parish the Baptist LA Industrial Revenue (Marathon Oil Corp. Project) PUT 3.300%   7/3/2028        50        51
  St. Tammany Parish Hospital Service District No.1 Health, Hospital, Nursing Home Revenue (St. Tammany PSH Hospital Project) 5.000%   7/1/2036     1,715     1,751
  St. Tammany Parish Hospital Service District No.1 Health, Hospital, Nursing Home Revenue (St. Tammany PSH Hospital Project) PUT 5.000%   7/1/2036     6,000     6,548
  Terrebonne Parish Hospital Service District No. 1 Health, Hospital, Nursing Home Revenue (Terrebonne General Medical Center Project) 5.000%   4/1/2036       375       405
                                       36,989
Maine (0.1%)
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029        80        81
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/2050     1,000       857
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/2027        15        15
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/2027         5         5
  Maine State Housing Authority Local or Guaranteed Housing Revenue 6.000% 11/15/2055       325       354
  Maine State Housing Authority Local or Guaranteed Housing Revenue 6.000% 11/15/2056       255       278
  Maine State Housing Authority Local or Guaranteed Housing Revenue 6.250% 11/15/2056       375       414
                                        2,004
Maryland (1.1%)
  Baltimore MD Water Revenue (Water Projects) 5.000%   7/1/2041       410       410
  Chestertown MD College & University Revenue (Washington College Project) 6.500%   3/1/2055     2,500     2,517
8 Maryland Community Development Administration Local or Guaranteed Housing Revenue 2.150%   7/1/2040       100        73
  Maryland Community Development Administration Local or Guaranteed Housing Revenue 4.350%   2/1/2044       150       143
8 Maryland Department of Housing & Community Development Local or Guaranteed Housing Revenue 4.700%   7/1/2046     3,500     3,485
  Maryland Department of Housing & Community Development Local or Guaranteed Housing Revenue 6.250%   3/1/2056       400       441
  Maryland Department of Housing & Community Development Local or Guaranteed Housing Revenue 6.250%   9/1/2056       580       641
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028        35        36
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/2032       415       439
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2032       195       213
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2033     1,750     1,904
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2034       500       551
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2035     1,000     1,096
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2035       250       276
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2037     1,605     1,750
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 3.750%  5/15/2047       170       142
3 Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.250%   7/1/2050     1,500     1,549
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/2051       680       565
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2033       380       410
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Maryland Stadium Authority Lottery Revenue (Baltimore City Public Schools Construction & Revitalization Program) 5.000%   5/1/2042     1,135     1,153
8 Montgomery County Housing Opportunities Commission Local or Guaranteed Housing Revenue 3.850%   7/1/2034       400       399
  Washington Suburban Sanitary Commission Water Revenue 2.250%   6/1/2043     2,500     1,760
                                       19,953
Massachusetts (4.1%)
  Attleboro MA (School Project Loan Chapter 70B) GO 2.000%  11/1/2035       415       339
  Boston Water & Sewer Commission Water Revenue 3.000%  11/1/2041     2,000     1,684
  Boston Water & Sewer Commission Water Revenue 3.000%  11/1/2046     7,000     5,619
  Commonwealth of Massachusetts GO 2.000%   3/1/2034     1,025       883
  Commonwealth of Massachusetts GO 2.000%   9/1/2038     1,070       804
  Commonwealth of Massachusetts GO 5.000%   9/1/2038     1,000     1,028
  Commonwealth of Massachusetts GO 5.000%  11/1/2039       800       813
  Commonwealth of Massachusetts GO 2.000%   9/1/2040     1,650     1,164
  Commonwealth of Massachusetts GO 5.000%  11/1/2041       285       289
  Commonwealth of Massachusetts GO 5.000%   4/1/2042       400       403
  Commonwealth of Massachusetts GO 3.625%   5/1/2043       200       180
  Commonwealth of Massachusetts GO 5.000%   7/1/2045        85        88
  Commonwealth of Massachusetts GO 5.000%  11/1/2045     1,205     1,246
5 Commonwealth of Massachusetts Special Obligation Revenue, ETM 5.500%   1/1/2034       260       292
  Commonwealth of Massachusetts Transportation Fund Fuel Sales Tax Revenue 5.000%   6/1/2041     1,305     1,372
  Commonwealth of Massachusetts Transportation Fund Fuel Sales Tax Revenue 5.000%   6/1/2043        50        52
  Commonwealth of Massachusetts Transportation Fund Fuel Sales Tax Revenue (Rail Enhancement & Accelerated Programs) 5.000%   6/1/2047    12,000    12,071
  Commonwealth of Massachusetts Transportation Fund Fuel Sales Tax Revenue (Rail Enhancement Project) 5.000%   6/1/2046     2,615     2,688
7 Easton MA GO 4.125%   3/1/2053       840       772
  Everett MA GO 2.000%  1/15/2035        80        67
  Framingham MA GO 2.000% 12/15/2040       545       381
  Gardner MA GO 2.000% 12/15/2038       335       247
  Hudson MA BAN GO 4.000%  6/10/2027     2,290     2,301
  Lynnfield MA GO 4.000%   2/1/2047     1,000       929
4 Massachusetts Development Finance Agency Charter School Aid Revenue 5.375%   7/1/2056       150       143
4 Massachusetts Development Finance Agency Charter School Aid Revenue 5.500%   7/1/2066       100        96
  Massachusetts Development Finance Agency College & University Revenue 5.000%   1/1/2028       365       371
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2030       200       200
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/2031       650       652
  Massachusetts Development Finance Agency College & University Revenue 5.000%   9/1/2032       500       504
  Massachusetts Development Finance Agency College & University Revenue 4.125%  10/1/2032       205       191
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2032        60        58
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2033       100       100
  Massachusetts Development Finance Agency College & University Revenue 4.000%   6/1/2035       100        92
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2035       350       329
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/2036       525       523
  Massachusetts Development Finance Agency College & University Revenue 5.250%   1/1/2038       100       106
  Massachusetts Development Finance Agency College & University Revenue 4.000%   7/1/2039       100        91
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2039       100       100
  Massachusetts Development Finance Agency College & University Revenue 5.000%   1/1/2040       130       130
  Massachusetts Development Finance Agency College & University Revenue 5.000%   9/1/2040       250       242
  Massachusetts Development Finance Agency College & University Revenue 4.000%   6/1/2041       100        86
  Massachusetts Development Finance Agency College & University Revenue 2.500%   7/1/2041       470       346
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2042       450       455
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2043       150       130
  Massachusetts Development Finance Agency College & University Revenue 5.125%   7/1/2044       100        98
  Massachusetts Development Finance Agency College & University Revenue 5.000%   9/1/2045        65        61
  Massachusetts Development Finance Agency College & University Revenue 4.000%  10/1/2046        85        70
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/2047       275       261
  Massachusetts Development Finance Agency College & University Revenue 4.000%   6/1/2050       250       193
  Massachusetts Development Finance Agency College & University Revenue 4.000%   6/1/2056       220       161
  Massachusetts Development Finance Agency College & University Revenue PUT 5.000%  10/1/2031       570       620
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028        95        96
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029       100       104
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030       190       190
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032       125       132
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2034       170       170
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.250%   7/1/2034        50        47
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2035       100       108
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 3.375%   7/1/2036       110       101
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2036       170       170
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 4.000%   7/1/2037        25        23
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2037        25        26
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
2 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  12/1/2037       185       199
2 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  12/1/2038       110       117
2 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  12/1/2039       100       105
2 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  12/1/2040       255       267
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  12/1/2041       935       942
2 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  12/1/2041       120       125
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2043       140       149
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.250%  8/15/2043     1,000     1,049
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 4.000%   7/1/2044       220       185
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2044       170       170
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2044       250       250
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2044       100       106
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2045       100       106
3 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 4.000%  10/1/2045       175       158
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2046       100       105
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2047       650       677
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.500%  12/1/2051       435       461
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 4.375%   7/1/2052        65        56
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 4.500%   7/1/2054       100        91
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.500%  12/1/2056       530       557
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2031     2,230     2,357
2 Massachusetts Development Finance Agency Intergovernmental Agreement Revenue 5.000%  10/1/2042     1,000     1,068
2 Massachusetts Development Finance Agency Intergovernmental Agreement Revenue 5.000%  10/1/2043     1,000     1,062
2 Massachusetts Development Finance Agency Intergovernmental Agreement Revenue 5.000%  10/1/2044     1,000     1,058
4 Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue 5.125%   7/1/2051       430       413
4 Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue 5.375%   7/1/2056       495       485
4 Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue 6.500%  7/15/2060     7,500     7,614
  Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue (Umass Boston Student Housing Program) 5.000%  10/1/2031       290       289
  Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue (Umass Boston Student Housing Program) 5.000%  10/1/2048        25        24
  Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue (Umass Boston Student Housing Program) 5.000%  10/1/2054        25        22
  Massachusetts Development Finance Agency Miscellaneous Revenue 4.000%   9/1/2039       150       143
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.100%  12/1/2029       585       578
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.150%   6/1/2030     1,440     1,417
8 Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.000%  12/1/2045       180       143
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%  12/1/2056     1,080     1,194
  Massachusetts School Building Authority Sales Tax Revenue 5.000%  2/15/2044     4,000     4,107
  Massachusetts State College Building Authority College & University Revenue (Community College Program) 4.125%   5/1/2050       250       226
  Millis MA GO 2.000%  4/15/2041       100        66
  Nauset MA Regional School District GO 4.000%  5/15/2049       265       239
  Northeast Metropolitan Regional Vocational School District GO 4.000%  5/15/2048        95        88
  Northeast Metropolitan Regional Vocational School District GO 4.000%  5/15/2054       325       290
  Tisbury MA GO 3.000%  8/15/2047       275       210
  University of Massachusetts Building Authority College & University Revenue 5.000%  11/1/2045     1,160     1,194
3 Worcester MA GO 4.000%  2/15/2047       315       294
                                       73,744
Michigan (1.4%)
10 Detroit City School District GO 5.000%   5/1/2040     1,175     1,216
  Detroit MI GO 5.000%   4/1/2030        75        77
  Detroit MI GO 5.000%   4/1/2035       175       183
  Detroit MI GO 5.500%   4/1/2037       300       315
  Ferris State University College & University Revenue 5.000%  10/1/2033       600       661
  Ferris State University College & University Revenue 5.000%  10/1/2034       840       930
  Ferris State University College & University Revenue 5.000%  10/1/2035       465       516
  Ferris State University College & University Revenue 5.000%  10/1/2036       400       445
  Ferris State University College & University Revenue 5.000%  10/1/2037       595       653
  Ferris State University College & University Revenue 5.000%  10/1/2038     1,125     1,221
  Great Lakes Water Authority Sewage Disposal System Sewer Revenue 5.000%   7/1/2043       500       509
10 Jenison Public Schools GO 5.000%   5/1/2043       500       517
  Kent Hospital Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2041     1,000       919
3 Kentwood Public Schools GO 5.000%   5/1/2045       650       685
3 Kentwood Public Schools GO 5.000%   5/1/2046       450       471
3 Kentwood Public Schools GO 5.000%   5/1/2047       675       701
3 Kentwood Public Schools GO 5.000%   5/1/2048       700       723
3 Kentwood Public Schools GO 5.000%   5/1/2049     1,060     1,091
  Lansing Board of Water & Light Electric Power & Light Revenue PUT 5.000%   7/1/2031       100       108
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2030     1,335     1,356
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2031       170       170
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2031       100       100
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 3.000% 11/15/2033       835       784
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2035       105       103
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2035       115       117
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/2037        55        58
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2037       130       132
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2039       825       843
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2041     2,000     2,054
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.250%  12/1/2041       320       320
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 3.000%  12/1/2049     3,180     2,264
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/2050       550       474
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.500%  2/28/2057       105       107
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue (Mckenzie Health System Project) 4.000%   1/1/2028       275       275
1 Michigan Finance Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal swap Index Yield + 0.750% 2.910%  4/15/2047       385       384
  Michigan State Building Authority Lease (Appropriation) Revenue 5.000%  4/15/2041       325       327
  Michigan State Building Authority Lease (Appropriation) Revenue (Facilities Program) 5.000% 10/15/2047     1,000     1,031
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2029       100       105
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2033       145       156
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 4.700%  10/1/2054       290       280
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 6.250%   6/1/2055       235       254
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 6.000%  12/1/2056     1,110     1,214
  Michigan State University College & University Revenue 3.000%  8/15/2042       140       116
  Southfield MI GO 3.000%   5/1/2036       100        90
10 Walled Lake Consolidated School District GO 5.000%   5/1/2044       140       144
  Wayne State University College & University Revenue 5.250% 11/15/2055       200       206
                                       25,405
Minnesota (0.7%)
  Minneapolis MN GO 3.500%  12/1/2041       625       564
  Minneapolis MN Health, Hospital, Nursing Home Revenue 5.000% 11/15/2034       400       409
  Minneapolis MN Health, Hospital, Nursing Home Revenue 4.000% 11/15/2048       825       699
  Minneapolis MN Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2030     1,220     1,296
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 1.600%   7/1/2030       145       132
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%   7/1/2047        20        20
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 5.750%   7/1/2053       105       111
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%   1/1/2056       210       229
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 6.000%   7/1/2056       205       227
  Minnesota Municipal Gas Agency Natural Gas Revenue (Gas Project) 5.000%   9/1/2035     6,000     6,141
  Minnesota Municipal Gas Agency Natural Gas Revenue PUT 4.000%  12/1/2027       675       682
1 Minnesota Municipal Gas Agency Natural Gas Revenue, 67% of SOFR + 1.000% 3.445%  12/1/2052       200       200
  Robbinsdale Independent School District No. 281 GO 2.000%   2/1/2036       835       661
  Rochester MN Health, Hospital, Nursing Home Revenue 4.375% 11/15/2053       450       425
  St. Cloud MN Health, Hospital, Nursing Home Revenue 5.000%   5/1/2035       525       584
  St. Cloud MN Health, Hospital, Nursing Home Revenue 5.000%   5/1/2036       225       248
  St. Paul Minnesota Housing & Redevelopment Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2027       200       205
  St. Paul Minnesota Housing & Redevelopment Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2033       100       108
  St. Paul Minnesota Housing & Redevelopment Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2043       160       142
                                       13,083
Mississippi (0.2%)
  Gulfport MS Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031       125       125
  Lowndes County MS Industrial Revenue PUT 2.650%   4/1/2027       295       294
  Mississippi Development Bank Special Obligation Revenue 3.000%   3/1/2029        80        76
  Mississippi Gaming Tax Miscellaneous Taxes Revenue 5.000% 10/15/2029       575       597
  Mississippi Home Corp. Local or Guaranteed Housing Revenue 6.250%  12/1/2055       500       551
  Mississippi Home Corp. Local or Guaranteed Housing Revenue PUT 5.000%  11/1/2027       250       256
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2055     1,000       992
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue (Forrest County General Hospital Project) 5.000%   1/1/2030       300       314
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   3/1/2027        60        60
  Warren County MS Industrial Revenue 4.000%   9/1/2032       100       102
                                        3,367
Missouri (0.6%)
  Kansas City MO GO 2.000%   2/1/2039     1,000       724
  Kansas City MO GO 5.000%   2/1/2044       600       636
  Kansas City MO School District COP 5.000%   4/1/2041       100       106
  Kansas City MO School District COP 5.000%   4/1/2042       100       105
  Kansas City MO Special Obligation Revenue (Missouri Project) 5.500%   4/1/2050       500       535
  Kansas City MO Special Obligation Revenue (Missouri Projects) 5.000%   4/1/2046     2,065     2,157
  Missouri Health & Educational Facilities Authority College & University Revenue 4.000%   5/1/2036        25        23
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2031       100       100
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2035       190       197
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 3.625% 11/15/2047       115        95
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2048       150       132
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.500%  5/15/2051     3,690     3,926
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 3.000%   6/1/2053     1,015       688
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.250%   2/1/2054        15        15
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.500%  5/15/2054     1,915     2,027
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Lutheran Senior Services Projects) 5.000%   2/1/2042        40        41
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   6/1/2028       150       155
  St. Charles County Public Water Supply District No. 2 COP 5.000%  12/1/2044        50        52
                                       11,714
Montana (0.3%)
  Forsyth MT Industrial Revenue (Puget Sound Energy Project) 3.900%   3/1/2031       195       194
  Montana Board of Housing Local or Guaranteed Housing Revenue 6.000%  12/1/2054       790       844
  Montana Board of Housing Local or Guaranteed Housing Revenue 5.750%   6/1/2056       460       496
  Montana Board of Housing Local or Guaranteed Housing Revenue (Hidden Creek 4 Project) PUT 3.050%   5/1/2029       100        99
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.500%  2/15/2055       100       103
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue (St. Johns United Project) 6.125% 11/15/2061       710       711
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  2/15/2030       100       106
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   6/1/2036     1,845     2,001
                                        4,554
Multiple States (0.3%)
6 Freddie Mac Pool 3.790%   7/1/2040     3,865     3,574
1,6 Freddie Mac Pool 5.059%  1/25/2043     1,339     1,409
                                        4,983
Nebraska (1.0%)
  Central Plains Energy Project Natural Gas Revenue (Project No. 3) 5.000%   9/1/2029       250       258
  Central Plains Energy Project Natural Gas Revenue (Project No. 4) PUT 5.000%  11/1/2029       850       883
  Central Plains Energy Project Natural Gas Revenue PUT 5.000%   8/1/2031       500       526
  Douglas County Hospital Authority No. 2 Health, Hospital, Nursing Home Revenue 5.000% 11/15/2037       115       116
  Gretna Public Schools GO 5.000%  6/15/2042       825       844
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 5.500%   3/1/2041     2,500     2,714
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 6.250%   3/1/2055       140       154
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 6.250%   9/1/2055       300       328
  Omaha NE Housing Authority Local or Guaranteed Housing Revenue (Central at Columbus Park Project) PUT 3.150%   6/1/2029       235       234
  Omaha Public Facilities Corp. Lease (Non-Terminable) Revenue 5.250%  4/15/2066     6,000     6,205
  Omaha Public Power District Electric Power & Light Revenue 5.250%   2/1/2055       975     1,014
  Omaha Public Power District Electric Power & Light Revenue 5.000%   2/1/2056     2,480     2,530
  Sarpy County Hospital Authority No. 1 Health, Hospital, Nursing Home Revenue 3.000%  5/15/2046     1,165       872
  Sarpy County School District No. 46 GO 5.000% 12/15/2043     1,485     1,547
                                       18,225
Nevada (0.7%)
  Carson City NV GO 3.000%  11/1/2041       590       495
  Carson City NV Health, Hospital, Nursing Home Revenue (Carson Tahoe Regional Healthcare Project) 5.000%   9/1/2030        75        76
  Clark County NV GO 5.000%  12/1/2030       210       220
  Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue 5.000%   7/1/2043     7,500     7,643
  Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue 5.250%   7/1/2043     1,500     1,536
  Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue 4.000%   7/1/2049       750       660
  Nevada GO 2.000%   5/1/2041       150       106
  Nevada Housing Division Local or Guaranteed Housing Revenue 3.500%   4/1/2051       525       522
  Nevada Housing Division Local or Guaranteed Housing Revenue 5.000%  10/1/2052       345       357
  Nevada System of Higher Education COP 3.375%   7/1/2044       105        89
7 North Las Vegas NV GO 3.000%   6/1/2037       120       105
                                       11,809
New Hampshire (0.9%)
  New Hampshire Business Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2035     2,975     3,189
  New Hampshire Business Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2055     1,000       976
  New Hampshire Business Finance Authority Health, Hospital, Nursing Home Revenue 5.500%   6/1/2055     1,000     1,031
4 New Hampshire Business Finance Authority Intergovernmental Agreement Revenue (Grand Pines Project) 5.625%   6/1/2039        70        70
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue 4.375%  9/20/2036       945       942
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue 5.150%  9/28/2037       100        97
1 New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue 4.085%  1/20/2041       197       183
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue 4.794%  2/20/2041     1,114     1,070
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue 4.219% 11/20/2042       391       354
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue 6.500%   7/1/2056     3,500     3,975
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue PUT 4.750%   6/1/2035       100       102
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue PUT 5.150%   6/1/2035       100       100
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue PUT 4.125%   3/1/2036       329       317
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue PUT 4.500%   3/1/2036       189       183
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue PUT 4.150% 10/20/2040       597       581
  New Hampshire Business Finance Authority Revenue 4.000% 10/15/2035       996       963
  New Hampshire Business Finance Authority Revenue (Medical Center Hospital Projects) 6.000%  11/1/2055     1,000       945
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 5.000%   8/1/2037       185       188
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 5.000%  10/1/2038       105       111
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 5.000%  10/1/2042        65        66
  New Hampshire Housing Finance Authority Local or Guaranteed Housing Revenue 6.250%   1/1/2057     1,425     1,591
                                       17,034
New Jersey (1.8%)
4 Camden County Improvement Authority Charter School Aid Revenue (Camden Prep High School Project) 5.000%  7/15/2032       370       382
  Essex County Improvement Authority Charter School Aid Revenue 4.000%  6/15/2038       545       521
4 Essex County Improvement Authority Charter School Aid Revenue (North Star Academy Charter School of Newark Inc. - 2020 Project) 4.000%  7/15/2030       150       150
  Hudson County Improvement Authority Lease (Non-Terminable) Revenue 5.000%   5/1/2046     2,735     2,737
  Middlesex County NJ COP 5.000% 10/15/2031        50        54
  Montclair State University Inc. College & University Revenue 5.000%   7/1/2037       530       575
  Montclair State University Inc. College & University Revenue 5.000%   7/1/2038       520       559
7 Montclair State University Inc. College & University Revenue 5.000%   7/1/2040     1,000     1,079
7 Montclair State University Inc. College & University Revenue 5.000%   7/1/2042       640       684
7 New Jersey Economic Development Authority Appropriations Revenue 3.125%   7/1/2031       140       137
  New Jersey Economic Development Authority Appropriations Revenue 5.000%  6/15/2043     5,475     5,610
  New Jersey Economic Development Authority Appropriations Revenue (School Facilities Construction Program) 5.000%  6/15/2044     4,015     4,123
  New Jersey Economic Development Authority Appropriations Revenue, Prere. 5.000% 12/15/2026       755       761
  New Jersey Economic Development Authority Health, Hospital, Nursing Home Revenue (Cranes Mill Project) 5.000%   1/1/2039     2,500     2,514
  New Jersey Economic Development Authority Lease (Appropriation) Revenue (NJ Transit Transportation Project) 5.000%  11/1/2044       500       512
  New Jersey Economic Development Authority Lease (Appropriation) Revenue (State Government Buildings Project) 5.000%  6/15/2047       550       555
  New Jersey Economic Development Authority Lease (Appropriation) Revenue (State Government Buildings Project) 5.000%  6/15/2047     1,565     1,579
  New Jersey Economic Development Authority Local or Guaranteed Housing Revenue 4.125%   7/1/2030        50        48
  New Jersey Economic Development Authority Local or Guaranteed Housing Revenue 5.000%   7/1/2035        90        87
  New Jersey Economic Development Authority Local or Guaranteed Housing Revenue 5.000%   7/1/2038       500       475
  New Jersey Economic Development Authority Local or Guaranteed Housing Revenue 4.500%   7/1/2041       470       411
  New Jersey Economic Development Authority Miscellaneous Revenue (Seeing Eye Inc. 2017 Project) 5.000%   6/1/2032       160       163
  New Jersey Educational Facilities Authority College & University Revenue 2.000%   3/1/2038     1,250       957
  New Jersey Educational Facilities Authority College & University Revenue 4.000%   7/1/2042       310       228
  New Jersey Educational Facilities Authority College & University Revenue 5.000%   7/1/2047       150       118
  New Jersey Educational Facilities Authority College & University Revenue 3.000%   7/1/2050       125        88
2 New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2035     1,000     1,114
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 2.000%   7/1/2036     1,205       953
2 New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2036       500       560
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2042       845       852
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/2048        50        43
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.500%   5/1/2029        50        50
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue (22 Fulton Street Project) PUT 3.200%   6/1/2030       145       143
1 New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue, SIFMA Municipal Swap Index Yield + 1.200% 3.360%   5/1/2048       100       100
11 New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/2028       100        93
  New Jersey Transportation Trust Fund Authority Appropriations Revenue (Transportation Program) 5.000%  6/15/2029       200       209
  New Jersey Transportation Trust Fund Authority Fuel Sales Tax Revenue 5.000%  6/15/2044     1,705     1,733
7 New Jersey Transportation Trust Fund Authority Transit Revenue 0.000% 12/15/2038        50        30
2 New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/2033       100       109
2 New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/2034       100       109
2 New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/2035       100       109
  Passaic County NJ GO 2.000%  11/1/2031       130       117
  Woodbridge NJ GO 3.000%   3/1/2036       800       721
                                       32,152
New Mexico (0.1%)
  Farmington NM Industrial Revenue PUT 3.900%   6/1/2028       100       101
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue 2.700%   7/1/2040        85        69
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue 4.250%   3/1/2053        80        80
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue (Single Family Mortgage Program) 1.500%   1/1/2030        95        87
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New Mexico Municipal Energy Acquisition Authority Natural Gas Revenue PUT 5.000%  11/1/2030     1,695     1,785
                                        2,122
New York (9.1%)
3 Broome County Local Development Corp. Health, Hospital, Nursing Home Revenue (United Health Services Hospitals Inc. Project) 3.000%   4/1/2050       770       536
  Build NYC Resource Corp. Charter School Aid Revenue (KIPP NYC Public School Facilities - Canal West Project) 5.000%   7/1/2037        70        73
4 Build NYC Resource Corp. Charter School Aid Revenue (New York Preparatory Charter School Project) 4.000%  6/15/2056       100        74
  Build NYC Resource Corp. Miscellaneous Revenue (Urban Resource Institute Project) 5.500%  12/1/2056       100       104
  Chautauqua County Capital Resource Corp. Electric Power & Light Revenue (NRG Energy Project) PUT 4.250%   4/3/2028       100       101
  Dutchess County Local Development Corp. College & University Revenue (Marist College Project) 5.000%   7/1/2043     1,910     1,950
  Dutchess County Local Development Corp. College & University Revenue (Vassar College Project) 5.000%   7/1/2042       500       503
  Dutchess County Local Development Corp. Health, Hospital, Nursing Home Revenue 3.000%   7/1/2036       210       182
  Dutchess County Local Development Corp. Health, Hospital, Nursing Home Revenue 4.000%   7/1/2041       895       822
  Empire State Development Corp. Income Tax Revenue 5.000%  3/15/2042        95        99
  Empire State Development Corp. Income Tax Revenue 3.000%  3/15/2047     1,015       756
  Empire State Development Corp. Income Tax Revenue 3.000%  3/15/2048     3,665     2,694
  Empire State Development Corp. Income Tax Revenue 3.000%  3/15/2048       400       294
  Empire State Development Corp. Intergovernmental Agreement Revenue 5.000%  3/15/2041       345       369
  Empire State Development Corp. Lease (Appropriation) Revenue 3.000%  3/15/2050     1,650     1,182
6 Freddie Mac Pool 4.300%   1/1/2041     2,911     2,810
  Genesee County Funding Corp. Health, Hospital, Nursing Home Revenue 5.250%  12/1/2050       330       336
  Genesee County Funding Corp. Health, Hospital, Nursing Home Revenue 5.500%  12/1/2055       225       232
  Geneva Development Corp. College & University Revenue 5.000%   2/1/2056       285       279
  Hudson Yards Infrastructure Corp. Miscellaneous Revenue 5.000%  2/15/2039       780       786
  Ithaca NY BAN GO 4.250%  2/12/2027       100       100
  Long Island Power Authority Electric Power & Light Revenue 5.000%   9/1/2041       150       150
  Long Island Power Authority Electric Power & Light Revenue 5.000%   9/1/2047     1,000     1,010
  Long Island Power Authority Electric Power & Light Revenue PUT 3.000%   9/1/2028       830       827
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 5.000% 11/15/2042       180       181
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 5.000% 11/15/2042       200       202
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2036       570       619
  Metropolitan Transportation Authority Transit Revenue 3.375% 11/15/2037       200       174
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2040       470       483
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/2042       150       137
7 Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2042     2,900     2,987
7 Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2043       880       905
7 Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2044     3,500     3,594
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/2045       165       147
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2045     2,440     2,472
3 Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/2046     1,665     1,474
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/2048       100        86
7 Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/2048       175       152
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/2050     1,000       856
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/2050     5,000     4,247
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 3.450%  11/1/2037       110       100
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 2.400%  11/1/2040        70        53
8 New York City Housing Development Corp. Local or Guaranteed Housing Revenue 2.250%  11/1/2041       100        72
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 2.550%  11/1/2045       100        70
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 3.050%  11/1/2049       170       122
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 2.700%  11/1/2055     1,000       638
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 3.450%   5/1/2059     1,000       735
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue (8 Spruce Street Project) 4.000% 12/15/2031       100       101
8 New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.625%   7/1/2028       140       141
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.730% 12/29/2028       255       255
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.400%   1/2/2029       165       165
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.750%   7/2/2029        55        55
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.950%   7/2/2029       100       101
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.100%   2/1/2031     1,480     1,445
3 New York City Industrial Development Agency Miscellaneous Revenue (Queens Baseball Stadium Project) 2.000%   1/1/2038       185       137
3 New York City Industrial Development Agency Miscellaneous Revenue (Queens Baseball Stadium Project) 3.000%   1/1/2046     1,035       799
3 New York City Industrial Development Agency Miscellaneous Revenue (Yankee Stadium Project) PILOT 4.000%   3/1/2045       490       448
3 New York City Industrial Development Agency Miscellaneous Revenue (Yankee Stadium Project) PILOT 3.000%   3/1/2049        20        14
  New York City Industrial Development Agency Miscellaneous Revenue (Yankee Stadium Project) PILOT 3.000%   3/1/2049       105        74
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/2039       750       813
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/2041       960     1,002
  New York City Municipal Water Finance Authority Water Revenue 3.000%  6/15/2044       600       477
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/2044       135       141
  New York City Municipal Water Finance Authority Water Revenue 3.000%  6/15/2046       550       411
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/2046     2,090     2,106
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New York City Municipal Water Finance Authority Water Revenue 3.625%  6/15/2048       170       143
  New York City Municipal Water Finance Authority Water Revenue 3.000%  6/15/2050     1,500     1,092
  New York City Municipal Water Finance Authority Water Revenue 4.000%  6/15/2051       525       470
  New York City Municipal Water Finance Authority Water Revenue 4.250%  6/15/2054       260       241
  New York City Municipal Water Finance Authority Water Revenue 5.250%  6/15/2055       500       522
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 5.000%  7/15/2043     3,345     3,419
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 5.000%  7/15/2045       565       576
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 5.250%  7/15/2045     1,850     1,895
  New York City Transitional Finance Authority Building Aid Income Tax Revenue 3.625%  7/15/2047       105        87
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/2032       200       206
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2033     1,000     1,104
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/2034       115       116
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 3.000%   2/1/2035       280       256
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/2036       205       218
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 3.000%  11/1/2036       250       224
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2036       100       111
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/2037       270       291
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/2038       280       302
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/2038       565       605
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/2038        55        54
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2038       385       413
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/2039     1,350     1,400
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2039       100       108
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/2040     2,120     2,231
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/2040       125       129
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/2040       275       292
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/2040       320       324
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/2040        60        60
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2040       320       341
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/2041        85        88
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/2041       100       107
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2041        65        69
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/2042       100       101
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/2043       980       985
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/2043       800       806
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   5/1/2044     1,000       937
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/2045       100       105
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/2045       100       105
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/2045     1,030     1,038
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2045       380       401
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%   2/1/2046       335       307
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   2/1/2046       100       104
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2046       300       314
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.250%  11/1/2049       265       279
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.250%  11/1/2050     1,485     1,557
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 3.000%   2/1/2051       865       618
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/2051     4,000     4,078
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.250%  11/1/2051       100       105
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.125%  11/1/2053       100        91
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2056     1,500     1,523
  New York City Trust for Cultural Resources Miscellaneous Revenue 5.000%  12/1/2038       275       286
  New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 0.000% 11/15/2029        50        44
  New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 0.000% 11/15/2032        80        62
2 New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2035       135       150
2 New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2036       170       189
2 New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2037       710       783
  New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 0.000% 11/15/2038       100        57
2 New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2038       735       801
2 New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2039       250       271
2 New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2040       815       879
2 New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2041       545       585
2 New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2042       250       268
2 New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2043       250       267
2 New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2044       250       266
2 New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2045       250       264
  New York Energy Finance Development Corp. Electric Power & Light Revenue PUT 5.000%  12/1/2033     1,315     1,337
  New York Liberty Development Corp. Economic Development Revenue (World Trade Center Project) 3.125%  9/15/2050     1,665     1,211
  New York Liberty Development Corp. Industrial Revenue 5.500%  10/1/2037        85        98
4 New York Liberty Development Corp. Industrial Revenue 5.000% 11/15/2044     1,000     1,001
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New York Liberty Development Corp. Industrial Revenue (Bank of America Tower at One Bryant Park Project) 2.625%  9/15/2069       675       640
7 New York Liberty Development Corp. Intergovernmental Agreement Revenue 2.750%  2/15/2044       270       206
3 New York Liberty Development Corp. Lease (Appropriation) Revenue 2.875% 11/15/2046        90        67
  New York Liberty Development Corp. Lease (Appropriation) Revenue 3.000% 11/15/2051       110        76
  New York Mortgage Agency Homeowner Mortgage Local or Guaranteed Housing Revenue 6.250%  10/1/2056       615       679
  New York NY GO 5.000%   8/1/2029       430       431
  New York NY GO 5.000%   8/1/2032       385       416
  New York NY GO 5.000%   8/1/2032     4,730     5,145
  New York NY GO 5.000%   4/1/2033     1,000     1,030
  New York NY GO 5.000%   8/1/2033       100       110
  New York NY GO 5.000%  12/1/2033       400       403
  New York NY GO 4.000%   8/1/2034       250       249
  New York NY GO 5.000%   8/1/2034       300       330
  New York NY GO 5.000%   8/1/2035       755       833
  New York NY GO 5.000%   2/1/2036     1,500     1,655
  New York NY GO 5.000%   8/1/2036       100       110
  New York NY GO 5.000%   2/1/2037       185       204
  New York NY GO 5.000%   8/1/2037       200       215
  New York NY GO 5.000%   2/1/2038       100       109
  New York NY GO 5.000%   4/1/2038       400       428
  New York NY GO 5.000%  12/1/2038       565       568
  New York NY GO 5.000%   3/1/2039       780       796
  New York NY GO 5.000%   3/1/2039       520       552
  New York NY GO 5.000%   8/1/2039       340       351
  New York NY GO 5.000%   4/1/2040     1,145     1,168
  New York NY GO 5.000%  12/1/2041     1,375     1,380
  New York NY GO 5.000%   3/1/2042       140       145
  New York NY GO 5.000%   8/1/2042        10        10
  New York NY GO 5.000%  10/1/2042     1,105     1,135
  New York NY GO 5.000%   4/1/2043     5,020     5,098
  New York NY GO 5.000%   8/1/2043       330       338
  New York NY GO 5.000%   8/1/2043       175       180
  New York NY GO 5.000%   8/1/2043       130       137
  New York NY GO 5.000%   3/1/2044       135       139
  New York NY GO 5.000%   8/1/2044       545       573
  New York NY GO 5.000%  12/1/2044     1,520     1,549
7 New York NY GO 5.000%  12/1/2044     1,000     1,020
  New York NY GO 5.250%   2/1/2045     1,310     1,402
  New York NY GO 5.000%   4/1/2045       410       415
  New York NY GO 5.000%   8/1/2045       205       216
  New York NY GO 3.000%   8/1/2050       500       355
  New York Power Authority Electric Power & Light Revenue 3.250% 11/15/2060     3,500     2,509
3 New York Power Authority Electric Power & Light Revenue (Green Transmission Project) 4.000% 11/15/2052       510       451
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2031       560       593
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2032       525       558
  New York State Dormitory Authority College & University Revenue 5.250%   5/1/2034       100       109
  New York State Dormitory Authority College & University Revenue 5.250%   5/1/2035     1,000     1,079
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2035       100       110
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2039        75        77
  New York State Dormitory Authority College & University Revenue 4.000%   7/1/2040       305       287
11 New York State Dormitory Authority College & University Revenue 5.500%   7/1/2040       550       619
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2042       105       106
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2043        55        56
  New York State Dormitory Authority College & University Revenue 4.000%   7/1/2050     1,000       863
  New York State Dormitory Authority College & University Revenue (New School Project) 5.000%   7/1/2036       500       501
  New York State Dormitory Authority College & University Revenue (New School Project) 4.000%   7/1/2043        50        44
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2029       115       118
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2030        70        72
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 2.000%   7/1/2033       495       434
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2033       150       155
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 3.000%   7/1/2048       150       110
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.125% 11/15/2055       300       299
  New York State Dormitory Authority Income Tax Revenue 5.000%  2/15/2040       395       395
  New York State Dormitory Authority Income Tax Revenue 5.000%  2/15/2041       180       182
  New York State Dormitory Authority Income Tax Revenue 5.000%  2/15/2043     5,000     5,057
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/2045        50        51
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/2046     2,960     3,023
  New York State Dormitory Authority Income Tax Revenue 3.000%  3/15/2050     1,000       720
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/2052     1,075     1,099
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/2039       250       258
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/2041     2,500     2,552
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/2043     1,095     1,103
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/2043       715       733
  New York State Dormitory Authority Sales Tax Revenue 5.250%  3/15/2050       470       494
  New York State Energy Research & Development Authority Electric Power & Light Revenue 3.750%  5/15/2032       100       100
  New York State Energy Research & Development Authority Industrial Revenue 3.800%   8/1/2032       215       215
  New York State Environmental Facilities Corp. Water Revenue 5.000%  6/15/2042     6,235     6,305
  New York State Housing Finance Agency Income Tax Revenue PUT 3.300% 12/15/2028       100       100
  New York State Housing Finance Agency Income Tax Revenue PUT 3.350%  6/15/2029       100       100
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 2.850%  11/1/2039        50        40
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 2.500%  11/1/2040       105        81
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 2.730%  11/1/2051       165       110
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.500%   5/1/2027        55        55
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   5/1/2027       100       100
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.650%  11/1/2028       495       495
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.800%   5/1/2029     1,000     1,000
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.450%  11/1/2029       110       110
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.125%   5/1/2030       100        98
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.200%  11/1/2030       100        98
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.375%  11/1/2031     1,005       983
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.570%  11/1/2031       300       298
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   4/1/2032       430       429
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   4/1/2032       100        99
  New York State Thruway Authority Highway Revenue 4.000%   1/1/2045       175       162
3 New York State Thruway Authority Highway Revenue 3.000%   1/1/2046     1,460     1,099
3 New York State Thruway Authority Highway Revenue 3.000%   1/1/2046       100        75
  New York State Thruway Authority Lease (Appropriation) Revenue 4.000%  3/15/2047     1,000       912
  Onondaga Civic Development Corp. College & University Revenue (Le Moyne College Project) 5.000%   1/1/2029       145       148
  Onondaga Civic Development Corp. College & University Revenue (Syracuse University Project) 4.500%  12/1/2050       100        98
  Onondaga County Trust for Cultural Resources College & University Revenue (Syracuse University Project) 5.000%  12/1/2040       220       229
  Onondaga County Water Authority Water Revenue 3.000%  9/15/2039       190       165
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.250% 11/15/2039     1,075     1,094
3 Rockland County Economic Assistance Corp. Health, Hospital, Nursing Home Revenue 6.500%  11/1/2055       200       220
  Saratoga County Capital Resource Corp. College & University Revenue (Skidmore College Project) 5.000%   7/1/2045        35        36
  Schenectady County Capital Resource Corp. College & University Revenue (Union College Project) 5.000%   1/1/2040       145       145
  Suffolk County Water Authority Water Revenue 3.250%   6/1/2043       140       120
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/2038       350       361
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/2042       400       406
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/2044     1,000     1,018
  Triborough Bridge & Tunnel Authority Highway Revenue 5.500% 11/15/2056       245       262
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.250% 11/15/2039       345       380
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 4.000%  5/15/2046       115       107
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000% 11/15/2047       335       351
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.000% 11/15/2048       255       266
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 5.250%  12/1/2048       325       343
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 4.000%  5/15/2051       225       202
  Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue 4.000%  5/15/2056     1,265     1,098
  Triborough Bridge & Tunnel Authority Sales Tax Revenue 5.000%  5/15/2044       900       943
  Triborough Bridge & Tunnel Authority Sales Tax Revenue 5.250%  5/15/2052        90        93
4 Tuxedo Farms Local Development Corp. Intergovernmental Agreement Revenue (Tuxedo Farms Project) 6.550%  11/1/2047     1,500     1,545
  Westchester County Local Development Corp. College & University Revenue 4.000%   6/1/2042       130       113
  Westchester County Local Development Corp. Health, Hospital, Nursing Home Revenue 3.750%  11/1/2037       760       648
  Westchester County Local Development Corp. Health, Hospital, Nursing Home Revenue 7.500%  11/1/2055       250       274
4 Westchester County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/2056       615       547
                                      165,183
North Carolina (0.7%)
  Charlotte NC Airport Port, Airport & Marina Revenue 3.000%   7/1/2046       215       166
  Charlotte NC Airport Port, Airport & Marina Revenue 5.000%   7/1/2047     1,000     1,005
  Charlotte NC COP 3.000%   6/1/2039     1,895     1,643
  Charlotte-Mecklenburg Hospital Authority Health, Hospital, Nursing Home Revenue PUT 3.250%  6/15/2027        30        30
  Charlotte-Mecklenburg Hospital Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  12/1/2028       150       157
  Charlotte-Mecklenburg Hospital Authority Health, Hospital, Nursing Home Revenue PUT 1.950%  11/1/2029        50        47
  North Carolina Appropriations Revenue 2.000%   3/1/2036       380       308
  North Carolina Appropriations Revenue (Build NC Programs) 3.000%   5/1/2033       120       115
  North Carolina Housing Finance Agency Local or Guaranteed Housing Revenue 1.450%   1/1/2030        50        46
  North Carolina Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%   7/1/2047         5         5
  North Carolina Housing Finance Agency Local or Guaranteed Housing Revenue PUT 5.000%   4/1/2028       150       155
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%  10/1/2028     1,985     2,048
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 4.000%   3/1/2030       150       152
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.200%   1/1/2056     2,000     1,995
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.125%   1/1/2061     1,300     1,269
  North Carolina Turnpike Authority Highway Revenue 5.000%   1/1/2030        85        88
1 University of North Carolina at Chapel Hill College & University Revenue, 67% of SOFR + 1.050% 3.488%  12/1/2041       275       276
  University of North Carolina at Charlotte College & University Revenue 5.000%  10/1/2047     2,560     2,581
                                       12,086
North Dakota (0.2%)
3 Grand Forks ND Health, Hospital, Nursing Home Revenue 3.000%  12/1/2046     2,000     1,452
  Grand Forks ND Health, Hospital, Nursing Home Revenue 4.000%  12/1/2046       350       295
  Horace ND GO 5.000%   5/1/2032       595       614
  North Dakota Housing Finance Agency Local or Guaranteed Housing Revenue 6.000%   7/1/2054        95       101
  North Dakota Housing Finance Agency Local or Guaranteed Housing Revenue 6.000%   1/1/2056       100       108
  North Dakota Housing Finance Agency Local or Guaranteed Housing Revenue 5.750%   7/1/2056       135       146
  North Dakota State Board of Higher Education Local or Guaranteed Housing Revenue 3.250%   4/1/2037       130       118
3 University of North Dakota COP 3.000%   6/1/2061       900       590
  Ward County ND Health, Hospital, Nursing Home Revenue 5.000%   6/1/2048        30        27
                                        3,451
Ohio (4.1%)
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue, ETM 5.000% 11/15/2027        30        31
  Akron OH GO 5.000%  12/1/2040       500       522
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue 5.000%  11/1/2043       150       150
  American Municipal Power Inc. Electric Power & Light Revenue 4.000%  2/15/2044       100        88
  American Municipal Power Inc. Electric Power & Light Revenue (AMP Michigan Cat Peaking Project) 5.000%  2/15/2032       110       119
  American Municipal Power Inc. Electric Power & Light Revenue (AMP Michigan Cat Peaking Project) 5.000%  2/15/2033       110       120
  American Municipal Power Inc. Electric Power & Light Revenue (AMP Michigan Cat Peaking Project) 5.000%  2/15/2036       385       426
  Ashland City School District GO 2.250%  11/1/2045     1,000       628
  Avon Lake City School District GO 5.250%  12/1/2062     3,000     3,090
  Bluffton OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031       100       102
  Bowling Green State University College & University Revenue 5.000%   6/1/2045     1,755     1,764
  Butler County OH Health, Hospital, Nursing Home Revenue 4.000% 11/15/2036       310       291
  Butler County OH Health, Hospital, Nursing Home Revenue 4.000% 11/15/2040       870       767
  Columbus Metropolitan Housing Authority Local or Guaranteed Housing Revenue (Demorest Townhomes II Project) 4.000%   5/1/2034       185       180
4 Columbus-Franklin County Finance Authority Local or Guaranteed Housing Revenue (Brookshire Project) 6.300%   1/1/2046       100       100
4 Columbus-Franklin County Finance Authority Local or Guaranteed Housing Revenue (Vivera Rosewood Project) 6.300%   1/1/2046       100       100
3 Crawford County OH GO 4.000%  12/1/2030       105       105
  Cuyahoga County OH GO 5.000%  12/1/2051     3,000     3,094
  Cuyahoga County OH GO 5.250%  12/1/2056     2,040     2,133
  Cuyahoga County OH GO 5.500%  12/1/2061     1,085     1,158
  Cuyahoga County OH GO 5.000%  12/1/2064       120       121
  Cuyahoga County OH Health, Hospital, Nursing Home Revenue 5.000%  2/15/2028       635       639
  Cuyahoga County OH Health, Hospital, Nursing Home Revenue 4.000%  2/15/2029       290       288
  Cuyahoga County OH Health, Hospital, Nursing Home Revenue 5.000%  2/15/2032       880       883
4 Delaware County Port Authority College & University Revenue (Ohio Wesleyan University Project) 6.250%   8/1/2052       630       662
7 Fairborn City School District Lease (Appropriation) Revenue 3.000%  12/1/2040       500       407
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.000%  11/1/2034       555       561
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/2046     2,095     2,105
  Great Oaks Career Campuses Board of Education COP 3.000%  12/1/2044       425       330
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.500%   1/1/2050       500       510
  Hamilton County OH Health, Hospital, Nursing Home Revenue 3.750%  8/15/2050     1,020       831
  Hamilton County OH Health, Hospital, Nursing Home Revenue 4.000%  9/15/2050     2,175     1,790
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.500%   1/1/2055       100       101
  Hilliard OH Income Tax Revenue 5.000%  12/1/2044       550       574
  Kent State University College & University Revenue 5.000%   5/1/2036       155       166
2 Kettering City School District GO 5.000%  10/1/2042       500       522
2 Kettering City School District GO 5.000%  10/1/2042       600       626
2 Kettering City School District GO 5.000%  10/1/2043       515       537
2 Kettering City School District GO 5.000%  10/1/2043     1,000     1,041
2 Kettering City School District GO 5.000%  10/1/2044       225       234
2 Kettering City School District GO 5.000%  10/1/2044       575       597
2 Kettering City School District GO 5.000%  10/1/2045       425       441
2 Kettering City School District GO 5.000%  10/1/2045       575       595
2 Kettering City School District GO 5.000%  10/1/2046       300       310
2 Kettering City School District GO 5.000%  10/1/2046       750       773
7 Lockland Local School District GO 2.375%  12/1/2041       100        72
  Lucas County OH Health, Hospital, Nursing Home Revenue 4.000% 11/15/2045       250       211
  Mid-Ohio Water & Sewer District Water Revenue BAN 3.600%  5/26/2027     2,090     2,086
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Montgomery County OH Health, Hospital, Nursing Home Revenue 3.000% 11/15/2040       165       121
  Montgomery County OH Health, Hospital, Nursing Home Revenue 4.000% 11/15/2042       455       401
  Montgomery County OH Health, Hospital, Nursing Home Revenue 3.000%   8/1/2051       150       103
  Muskingum County OH Health, Hospital, Nursing Home Revenue (Genesis Healthcare System Obligated Group Project) 5.000%  2/15/2033       100       100
  North Ridgeville City School District GO 3.375%  12/1/2047       115        93
  Ohio Air Quality Development Authority Electric Power & Light Revenue 3.875%   1/1/2036       100        98
  Ohio Air Quality Development Authority Electric Power & Light Revenue (Ohio Valley Electric Corp. Program) 3.250%   9/1/2029       100        99
  Ohio Health, Hospital, Nursing Home Revenue 5.000% 11/15/2028       100       103
  Ohio Health, Hospital, Nursing Home Revenue 3.375%   1/1/2038       255       234
  Ohio Health, Hospital, Nursing Home Revenue 3.000%  1/15/2046       515       390
  Ohio Health, Hospital, Nursing Home Revenue 4.000%  1/15/2046       185       162
  Ohio Higher Educational Facility Commission College & University Revenue 6.000%  12/1/2035       680       753
  Ohio Higher Educational Facility Commission College & University Revenue 6.000%  12/1/2036       360       397
  Ohio Higher Educational Facility Commission College & University Revenue 5.000%  10/1/2042       235       236
  Ohio Higher Educational Facility Commission College & University Revenue (Denison University Project) 5.000%  11/1/2042     1,000     1,008
  Ohio Higher Educational Facility Commission College & University Revenue (John Carroll University Project) 5.000%  10/1/2030       360       371
  Ohio Higher Educational Facility Commission College & University Revenue (John Carroll University Project) 3.750%   4/1/2041        60        50
  Ohio Higher Educational Facility Commission College & University Revenue (Ohio Wesleyan University Project) 5.000%  10/1/2032       345       356
  Ohio Higher Educational Facility Commission College & University Revenue (University Findlay Project) 5.000%   3/1/2044       205       190
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2020 Project) 5.000%   5/1/2031       210       217
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2024 Project) 5.000%   5/1/2027       200       202
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 5.000%   1/1/2030       200       208
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 5.000%   1/1/2032        70        74
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%   3/1/2055       185       198
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 4.700%   9/1/2055       195       187
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%   3/1/2056       100       109
2 Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%   3/1/2057       695       772
4 Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Ashford at Central Park Projects) 6.250%   1/1/2046       250       253
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Mortgage-Backed Securities Program) 3.250%   9/1/2052        60        59
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Mortgage-Backed Securities Program) 6.375%   3/1/2056       100       112
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.370%   3/1/2027       100       100
  Ohio Turnpike & Infrastructure Commission Highway Revenue 4.000%  2/15/2032        55        56
  Ohio Turnpike & Infrastructure Commission Highway Revenue 5.000%  2/15/2046     1,760     1,815
  Ohio University College & University Revenue 5.000%  12/1/2044     1,770     1,784
  Ross County OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/2028       500       516
  Scioto County OH Health, Hospital, Nursing Home Revenue 5.000%  2/15/2034       140       140
  Sharonville OH Special Obligation Revenue 2.550%  12/1/2044       100        72
7 Southwest Licking Local School District (School Facilities Project) COP 3.000%  12/1/2035        65        60
7 Springboro Community City School District GO 0.000%  12/1/2050     1,125       345
7 Springboro Community City School District GO 0.000%  12/1/2051     1,125       327
7 Springboro Community City School District GO 0.000%  12/1/2052     1,180       323
7 Springboro Community City School District GO 5.000%  12/1/2056     3,800     3,873
7 Summit County Development Finance Authority Local or Guaranteed Housing Revenue (PRG - Akron Properties LLC – The University of Akron Project) 5.000%   7/1/2065     1,225     1,175
  Toledo OH Water System Water Revenue 5.000% 11/15/2040        55        57
7 Trenton OH Special Obligation Revenue 5.250%  12/1/2050     1,000     1,034
7 Trenton OH Special Obligation Revenue 5.250%  12/1/2054     1,000     1,027
7 Tuscarawas Valley Local School District (School Facilities Project) COP 3.000%  12/1/2038     1,440     1,205
  University of Akron College & University Revenue 5.000%   1/1/2027       150       150
  University of Akron College & University Revenue 3.125%   1/1/2042        65        51
  University of Cincinnati College & University Revenue 5.000%   6/1/2044       565       574
  University of Cincinnati College & University Revenue 5.000%   6/1/2045    15,025    15,118
  West Central Ohio Port Authority Miscellaneous Revenue (Global Impact Stem Academy Project) 5.500%  12/1/2055     1,470     1,459
  West Central Ohio Port Authority Miscellaneous Revenue (Global Impact Stem Academy Project) 5.500%  12/1/2062     2,055     2,006
  Wickliffe City School District GO 3.125%  12/1/2043       200       162
  Worthington OH GO 2.000%  12/1/2040       360       250
                                       74,316
Oklahoma (0.5%)
  Edmond Public Works Authority Sales Tax Revenue 5.000%   7/1/2042       625       630
  Lawton IDA Intergovernmental Agreement Revenue 5.000%   7/1/2043       100       104
  Lawton IDA Intergovernmental Agreement Revenue 5.000%   7/1/2045       100       103
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2031       130       104
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   9/1/2037       150        97
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2037        65        49
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2037       155       116
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   9/1/2045       285       185
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2045       220       162
  Oklahoma Capitol Improvement Authority Lease (Appropriation) Revenue 5.000%   7/1/2045     1,100     1,167
  Oklahoma Capitol Improvement Authority Lease (Appropriation) Revenue 5.250%   7/1/2056     3,000     3,153
  Oklahoma County Finance Authority Lease (Appropriation) Revenue 5.000%   9/1/2035       200       203
  Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue (Homeownership Loan Program) 6.250%   9/1/2056       300       331
  Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue (Homeownership Loan Program) 6.000%   9/1/2057       195       215
  Oklahoma State University College & University Revenue 3.000%   9/1/2050       690       480
  Oklahoma Turnpike Authority Highway Revenue 5.000%   1/1/2043       510       512
  Oklahoma Turnpike Authority Highway Revenue 5.000%   1/1/2047       670       672
  Oklahoma Water Resources Board Lease Revenue 2.250%  10/1/2046        95        62
                                        8,345
Oregon (0.8%)
  Columbia County School District No. 502 GO 5.000%  6/15/2045       190       196
  Eugene OR Electric Utility System Electric Power & Light Revenue 5.000%   8/1/2051       920       955
  Eugene OR Electric Utility System Electric Power & Light Revenue 5.000%   8/1/2055       845       870
  Lake Oswego OR GO 5.000%   6/1/2042     2,005     2,087
  Oregon (Article XI-Q State Project) GO 5.000%   5/1/2042       385       389
  Oregon (Article Xi-Q State Projects) GO 5.000%   5/1/2044     1,000     1,028
  Oregon Department of Transportation Fuel Sales Tax Revenue 5.000% 11/15/2038        95        99
  Oregon Department of Transportation Fuel Sales Tax Revenue 5.000% 11/15/2039        75        79
  Oregon GO 6.250%   6/1/2056     2,170     2,431
  Oregon Health & Science University Health, Hospital, Nursing Home Revenue 5.000%   7/1/2037       260       260
  Oregon Health & Science University Health, Hospital, Nursing Home Revenue 5.000%   7/1/2038       550       550
  Oregon Health & Science University Health, Hospital, Nursing Home Revenue 5.000%   7/1/2042       150       151
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue 6.250%   7/1/2056       715       801
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue (Single Family Mortgage Program) 1.450%   1/1/2030        30        27
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue (Verde Pines Project) PUT 3.100%   2/1/2028       100       100
  Oregon State Business Development Commission Industrial Revenue (Intel Corp. Project) PUT 3.800%  6/15/2028       535       540
  Oregon State Facilities Authority College & University Revenue (University of Portland Projects) 5.000%   4/1/2045       930       955
  Oregon State Facilities Authority College & University Revenue (Willamette University Project) 4.000%  10/1/2051     1,655     1,297
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (Legacy Health Project) 4.125%   6/1/2052       100        84
  Port of Portland OR Airport Port, Airport & Marina Revenue 5.000%   7/1/2047       500       501
  Portland OR Water System Water Revenue 2.000%   5/1/2044       100        66
  Salem Hospital Facility Authority Health, Hospital, Nursing Home Revenue (Salem Health Project) 5.000%  5/15/2044       445       452
  Salem Hospital Facility Authority Health, Hospital, Nursing Home Revenue (Salem Health Project) 3.000%  5/15/2049       245       176
                                       14,094
Pennsylvania (6.3%)
  Allegheny County Higher Education Building Authority College & University Revenue, Prere. 5.000% 10/15/2027       215       221
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/2032       500       525
1 Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap Index Yield + 0.700% 2.860% 11/15/2047       470       467
7 Bensalem Township School District GO 5.000%   6/1/2038       300       322
  Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) 5.500%  10/1/2054     1,200     1,202
  Bucks County IDA Health, Hospital, Nursing Home Revenue 4.000%  8/15/2050       820       686
  Bucks County IDA Health, Hospital, Nursing Home Revenue (Grand View Hospital Project) 4.000%   7/1/2046       250       219
  Bucks County IDA Health, Hospital, Nursing Home Revenue (St. Luke's University Health Network Project) 3.000%  8/15/2053       110        74
  Bucks County IDA Private Schools Revenue (George School Project) 3.000%  9/15/2049       500       354
  Chester County Health & Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2035       135       137
  Chester County Health & Education Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/2036     2,470     2,470
  Chester County Health & Education Facilities Authority Health, Hospital, Nursing Home Revenue 3.000%   9/1/2046       580       445
  Chester County Health & Education Facilities Authority Miscellaneous Revenue 5.000%  11/1/2027       650       652
  Chester Upland School District GO 6.200%  10/1/2042       500       548
  Commonwealth Financing Authority Appropriations Revenue 5.000%   6/1/2034     2,000     2,015
  Commonwealth of Pennsylvania GO 4.000%   3/1/2036        50        50
  Cornwall Lebanon School District GO 5.000%  2/15/2043       400       422
  Cornwall Lebanon School District GO 5.000%  2/15/2044       400       419
  Cornwall Lebanon School District GO 5.000%  2/15/2045       250       261
  Cornwall Lebanon School District GO 5.000%  2/15/2046       250       259
  Cornwall Lebanon School District GO 5.000%  2/15/2056     1,600     1,622
  Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue (Messiah Village Project) 5.000%   6/1/2033     1,060     1,121
  Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue (Messiah Village Project) 5.000%   6/1/2036     1,000     1,056
  Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue (Messiah Village Project) 5.500%   6/1/2051     1,000     1,012
3 Cumberland Valley School District GO 5.000% 11/15/2053     2,500     2,533
4 Delaware County PA IDA Charter School Aid Revenue 5.125%   6/1/2046       260       249
  Delaware Valley Regional Finance Authority Intergovernmental Agreement Revenue 4.000%  12/1/2036     1,000     1,007
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Delaware Valley Regional Finance Authority Intergovernmental Agreement Revenue 4.000%  12/1/2037       410       409
  Delaware Valley Regional Finance Authority Intergovernmental Agreement Revenue 4.000%  12/1/2038       440       435
  Doylestown Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2046       210       210
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/2033       115       115
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/2035       865       804
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/2037        75        68
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/2041       135       115
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/2045        85        70
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 3.000%  7/15/2046        60        40
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/2048     1,950     1,776
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%  7/15/2050        75        59
  Easton Area School District GO 5.000%   2/1/2031       145       148
  Erie Higher Education Building Authority College & University Revenue (Gannon University Project - AICUP Financing Program) 4.000%   5/1/2036       100        92
7 Gateway School District Alleghany County GO 3.000% 10/15/2040       700       574
  Geisinger Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2045     7,255     7,285
  Huntingdon County General Authority College & University Revenue (AICUP Financing Program - Juniata College Project) 3.000%   5/1/2033        20        18
  Huntingdon County General Authority College & University Revenue (AICUP Financing Program - Juniata College Project) 3.125%   5/1/2034       100        87
  Huntingdon County General Authority College & University Revenue (AICUP Financing Program - Juniata College Project) 3.500%   5/1/2041       520       406
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2042       150       150
  Lehigh County General Purpose Authority Health, Hospital, Nursing Home Revenue 3.250%  11/1/2041       400       319
  Lehigh County General Purpose Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/2041        60        53
  Lehigh County General Purpose Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/2046       495       421
  Lehigh County General Purpose Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/2051       115        92
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 3.000%  10/1/2027       185       180
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2037     2,735     2,754
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/2048        90        75
7 Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 3.250%   5/1/2055     1,000       671
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 4.000%   5/1/2056     2,000     1,621
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 5.000%   9/1/2033       195       201
3 Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 4.000%   9/1/2044       860       789
  Montgomery County Higher Education & Health Authority Private Schools Revenue (Hill School Project) 3.500%  8/15/2046       115        95
  Montgomery County PA IDA Industrial Revenue 4.100%   6/1/2029       200       205
  Montgomery County PA IDA Private Schools Revenue (Haverford School Project) 3.000%   3/1/2049       110        79
  Montgomery County PA IDA Private Schools Revenue (Haverford School Project) 4.000%   3/1/2049       370       308
  Norristown Area School District GO 5.000%  10/1/2044       235       246
  Norristown Area School District GO 5.000%  10/1/2045       220       229
  Northampton County General Purpose Authority College & University Revenue 5.000%  10/1/2031       540       541
  Northampton County General Purpose Authority College & University Revenue 3.875%  10/1/2045        30        25
  Northampton County General Purpose Authority College & University Revenue (Moravian College Project) 4.125%  10/1/2042       220       195
  Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue 3.125%  8/15/2035       245       226
  Northeastern Pennsylvania Hospital & Education Authority College & University Revenue (Kings College Project) 3.250%   5/1/2035        80        71
  Pennsylvania Economic Development Financing Authority College & University Revenue (Eastern University Project) 5.000%  10/1/2034       730       751
  Pennsylvania Economic Development Financing Authority College & University Revenue (Eastern University Project) 5.375%  10/1/2055     1,115     1,059
  Pennsylvania Economic Development Financing Authority Electric Power & Light Revenue PUT 5.250%   6/1/2027       100       100
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2034       160       173
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2035       900       888
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  3/15/2036       315       311
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2036       695       744
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 3.000% 10/15/2046     2,000     1,482
3 Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 3.000% 10/15/2046       810       617
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 3.500%  4/15/2050       250       192
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 3.250%  11/1/2030        70        66
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 4.000%   9/1/2036     1,025     1,025
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 3.000%   5/1/2037       575       496
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 4.000%  11/1/2039       100        87
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/2041       775       777
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2042       545       551
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 3.000%  8/15/2047       140       104
  Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/2049     1,000       875
3 Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.250%  11/1/2051       150       135
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 2.900%  10/1/2037       200       172
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.200%   4/1/2040       120       102
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 4.850%   8/1/2045     1,065     1,036
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.000%  10/1/2052        80        82
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.500%  10/1/2053       143       150
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 6.000%  10/1/2054       470       503
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%  10/1/2055     1,240     1,377
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 6.500%  10/1/2055       337       377
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%  10/1/2056     6,000     6,618
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 6.500%  10/1/2056     1,315     1,493
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2029       110       109
  Pennsylvania State University College & University Revenue 5.000%   9/1/2047       115       116
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/2040       330       334
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/2042     3,775     3,827
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/2043     5,990     6,142
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/2044       465       481
7 Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/2044     1,715     1,775
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/2045       515       533
  Pennsylvania Turnpike Commission Highway Revenue 4.000%  12/1/2051     4,000     3,540
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 5.000%  12/1/2048     1,550     1,571
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 5.250%  12/1/2050       200       209
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 4.000%  12/1/2051     5,480     4,842
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/2047       550       553
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/2034       100       101
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.000%   6/1/2040       645       655
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 6.000%   6/1/2045       180       192
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/2047        50        49
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.750%   6/1/2050       725       744
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 6.250%   6/1/2055       225       237
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  10/1/2043       320       326
  Philadelphia PA Water & Wastewater Water Revenue 5.000%  11/1/2045     1,990     2,046
3 Pittsburgh Water & Sewer Authority Water Revenue 5.000%   9/1/2026        75        75
5 Pittsburgh Water & Sewer Authority Water Revenue 0.000%   9/1/2029       250       226
4 Quakertown General Authority Special Assessment Revenue (Milford Village Project) 6.500%   3/1/2055       200       210
  Radnor Township School District GO 5.000%  8/15/2041       200       215
  Radnor Township School District GO 5.000%  8/15/2042       305       327
  Radnor Township School District GO 5.000%  8/15/2043       400       427
  Radnor Township School District GO 5.000%  8/15/2044       450       478
  Radnor Township School District GO 5.000%  8/15/2045       400       424
  Radnor Township School District GO 5.000%  8/15/2046       210       221
  Radnor Township School District GO 5.000%  8/15/2048       625       652
  School District of Philadelphia GO 5.000%   9/1/2030       100       100
5 School District of Philadelphia GO 5.000%   6/1/2034       925     1,021
  Scranton-Lackawanna Health & Welfare Authority College & University Revenue 5.000%  11/1/2032       330       355
  Scranton-Lackawanna Health & Welfare Authority College & University Revenue 5.000%  11/1/2033       250       271
  Scranton-Lackawanna Health & Welfare Authority College & University Revenue 5.000%  11/1/2034       390       424
7 Shaler Area PA School District GO 5.000%   9/1/2042     4,825     5,125
7 Shaler Area PA School District GO 5.000%   9/1/2043     2,055     2,173
7 Shaler Area PA School District GO 5.000%   9/1/2043     1,165     1,232
7 Shaler Area PA School District GO 5.000%   9/1/2044       500       527
7 Shaler Area PA School District GO 5.000%   9/1/2045       500       523
7 Shaler Area PA School District GO 5.000%   9/1/2046       375       390
  Southeastern Pennsylvania Transportation Authority Sales Tax Revenue (Asset Improvement Program) 5.000%   6/1/2038     1,000     1,065
  Southeastern Pennsylvania Transportation Authority Sales Tax Revenue (Asset Improvement Program) 5.250%   6/1/2047       100       105
7 State Public School Building Authority Lease (Non-Terminable) Revenue 5.000%  5/15/2035       310       343
7 State Public School Building Authority Lease (Non-Terminable) Revenue 5.000%  5/15/2036       330       366
3 State Public School Building Authority Lease (Non-Terminable) Revenue (School District Philadelphia Project) 5.000%   6/1/2029        55        58
  Union County Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2038        55        56
7 Wayne County Hospital & Health Facilities Authority Health, Hospital, Nursing Home Revenue (Wayne Memorial Hospital Project) 3.250%   7/1/2037     1,250     1,104
7 Wayne County Hospital & Health Facilities Authority Health, Hospital, Nursing Home Revenue (Wayne Memorial Hospital Project) 3.375%   7/1/2041     1,220     1,020
  West Shore PA School District GO 5.000% 11/15/2040       175       186
  West Shore PA School District GO 5.000% 11/15/2041       100       106
  West Shore PA School District GO 5.000% 11/15/2042       250       263
  West Shore PA School District GO 5.000% 11/15/2043       200       210
  West Shore PA School District GO 5.000% 11/15/2044       200       210
  West Shore PA School District GO 5.000% 11/15/2045       150       156
  West Shore PA School District GO 5.000% 11/15/2046       250       259
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue (Excela Health Project) 4.000%   7/1/2037        50        47
                                      114,280
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
Puerto Rico (0.2%)
  Commonwealth of Puerto Rico GO 5.625%   7/1/2027       394       401
  Commonwealth of Puerto Rico GO 0.000%   7/1/2033       337       245
5 Puerto Rico Electric Power Authority Electric Power & Light Revenue 5.250%   7/1/2034       825       817
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031       200       209
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/2036       170       159
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/2038       125       115
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/2041        55        48
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2027        94        91
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2029       259       235
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2031       190       161
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2033        54        42
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.536%   7/1/2053       271       250
                                        2,773
Rhode Island (0.2%)
  Rhode Island Commerce Corp. Appropriations Revenue 5.000%  5/15/2033       230       244
  Rhode Island Commerce Corp. Appropriations Revenue 5.000%  5/15/2035       300       316
  Rhode Island Health & Educational Building Corp. College & University Revenue 5.000%   6/1/2038       400       423
  Rhode Island Health & Educational Building Corp. Health, Hospital, Nursing Home Revenue 5.000%  5/15/2031       100       106
3 Rhode Island Health & Educational Building Corp. Local or Guaranteed Housing Revenue (RI Properties LLC Program) 5.000%   7/1/2060     1,000       958
3 Rhode Island Health & Educational Building Corp. Local or Guaranteed Housing Revenue (RI Properties LLC Program) 5.000%   7/1/2065     1,250     1,185
8 Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue 3.200%  10/1/2049       140       105
  Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue 3.000%  10/1/2051       185       182
  Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue 6.250%  10/1/2055       310       341
                                        3,860
South Carolina (2.0%)
  Charleston County Airport District Port, Airport & Marina Revenue 5.000%   7/1/2048       960       976
  Charleston SC Housing Authority Local or Guaranteed Housing Revenue 4.500%   9/1/2035       100        99
  Clemson University College & University Revenue 2.500%   5/1/2051     1,275       791
  Fort Mill School District No. 4 GO 1.875%   3/1/2038     4,415     3,302
  Lancaster County Public Facilities Corp. Intergovernmental Agreement Revenue (Lancaster County Project) 5.000%   6/1/2043     1,400     1,448
8 Medical University Hospital Authority Health, Hospital, Nursing Home Revenue (Indian Land Project) 5.000% 11/15/2035     1,500     1,609
8 Medical University Hospital Authority Health, Hospital, Nursing Home Revenue (Indian Land Project) 5.250% 11/15/2045     1,400     1,465
8 Medical University Hospital Authority Health, Hospital, Nursing Home Revenue (Nexton Project) 5.250%  5/15/2034       525       576
8 Medical University Hospital Authority Health, Hospital, Nursing Home Revenue (Nexton Project) 5.250% 11/15/2034       600       657
8 Medical University Hospital Authority Health, Hospital, Nursing Home Revenue (Nexton Project) 5.250% 11/15/2035       500       545
8 Medical University Hospital Authority Health, Hospital, Nursing Home Revenue (Nexton Project) 5.250%  5/15/2036       500       544
  Patriots Energy Group Financing Agency Natural Gas Revenue PUT 5.250%   3/1/2031       365       388
  Patriots Energy Group Natural Gas Revenue 2.250%   6/1/2041        55        37
4 South Carolina Jobs-Economic Development Authority Charter School Aid Revenue (Gray Collegiate Academy Program) 6.250%   7/1/2056     1,500     1,463
4 South Carolina Jobs-Economic Development Authority Charter School Aid Revenue (Gray Collegiate Academy Program) 6.375%   7/1/2066     2,000     1,955
  South Carolina Jobs-Economic Development Authority College & University Revenue 5.625%   9/1/2050       100        99
  South Carolina Jobs-Economic Development Authority College & University Revenue 5.750%   9/1/2055       100       100
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/2034       420       430
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2035       645       699
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/2038       135       138
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.250%  11/1/2042       100       108
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/2043       155       157
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2043       635       643
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2046     1,080     1,106
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/2030       295       315
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/2032       220       239
  South Carolina Jobs-Economic Development Authority Local or Guaranteed Housing Revenue 4.250%  12/1/2036       875       859
  South Carolina Jobs-Economic Development Authority Local or Guaranteed Housing Revenue (Sixteenth Floor Obligated Group Projects) 4.000%  12/1/2035     1,455     1,412
  South Carolina Public Service Authority Electric Power & Light Revenue 5.000%  12/1/2043        30        31
  South Carolina Public Service Authority Electric Power & Light Revenue 4.000%  12/1/2047       185       168
  South Carolina Public Service Authority Electric Power & Light Revenue 5.250%  12/1/2054        65        67
  South Carolina Public Service Authority Nuclear Revenue 5.000%  12/1/2028        15        15
  South Carolina Public Service Authority Nuclear Revenue 5.000%  12/1/2030       160       160
  South Carolina Public Service Authority Nuclear Revenue 5.000%  12/1/2031       100       101
  South Carolina Public Service Authority Nuclear Revenue 3.125%  12/1/2032        25        23
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  South Carolina Public Service Authority Nuclear Revenue 5.000%  12/1/2032         5         5
  South Carolina Public Service Authority Nuclear Revenue 4.000%  12/1/2045        15        14
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue 4.500%   7/1/2043     3,000     2,971
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue 4.550%   5/1/2046     7,000     6,929
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue 5.000%   1/1/2055     1,485     1,490
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue 6.000%   7/1/2056     1,840     2,017
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue PUT 3.150%  11/1/2028       100       100
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue PUT 3.250%   2/1/2030       245       243
  Spartanburg County SC School District No. 3 GO 2.000%   3/1/2044        50        33
  Sumter SC Waterworks & Sewer System Water Revenue 5.000%  12/1/2039       440       440
                                       36,967
South Dakota (0.2%)
  Lincoln County SD College & University Revenue 4.000%   8/1/2041     1,400     1,218
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2043       200       211
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2043       100       105
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/2044     1,500     1,384
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2044       145       151
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2045       115       119
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2046       110       113
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/2029       135       141
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/2032       240       257
  South Dakota Housing Development Authority Local or Guaranteed Housing Revenue 4.000%  11/1/2048        40        40
  South Dakota Housing Development Authority Local or Guaranteed Housing Revenue 6.500%  11/1/2055       295       328
  South Dakota Housing Development Authority Local or Guaranteed Housing Revenue 6.000%  11/1/2056       155       171
                                        4,238
Tennessee (1.5%)
  Greeneville Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 4.000%   7/1/2040       405       376
  Johnson City Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032       125       134
  Knox County Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   4/1/2027       700       706
  Knox County Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 4.000%   4/1/2036     1,000       907
  Knox County Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   4/1/2036       170       170
4 Knoxville Industrial Development Board Local or Guaranteed Housing Revenue (Maplehurst Park Apartments Project) 4.250%  11/1/2030       485       478
  Knoxville TN Water System Water Revenue 3.000%   3/1/2044     2,565     2,023
  Knoxville's Community Development Corp. Local or Guaranteed Housing Revenue (525 Flats Project) 5.000%  12/1/2064     1,500     1,501
  Memphis TN Memphis Light Gas & Water Division Gas Natural Gas Revenue 3.000%  12/1/2042     1,000       795
  Memphis TN Sanitary Sewerage System Sewer Revenue 5.000%  10/1/2039        85        89
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board College & University Revenue (Lipscomb University Project) 5.000%  10/1/2037       430       430
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board College & University Revenue (Lipscomb University Project) 4.000%  10/1/2049       105        85
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board College & University Revenue (Trevecca Nazarene University Project) 4.000%  10/1/2041        50        43
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032       240       259
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/2035       850       930
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/2038       220       238
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/2044       145       152
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Local or Guaranteed Housing Revenue 5.100%   7/1/2044     1,000     1,027
  Nashville & Davidson County TN Metropolitan Government Water & Sewer Water Revenue 5.000%   7/1/2046     4,950     4,980
  Oak Ridge Housing Authority Local or Guaranteed Housing Revenue PUT 3.200%  12/1/2028       240       240
  Pigeon Forge TN GO 4.000%   6/1/2050       955       865
  Pigeon Forge TN GO 4.000%   6/1/2053       925       820
  Putnam County TN GO 2.125%   4/1/2042     2,460     1,746
  Putnam County TN GO 2.125%   4/1/2043     2,300     1,598
  Rutherford County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2030       155       165
  Shelby County Health Educational & Housing Facilities Board Health, Hospital, Nursing Home Revenue PUT 5.000%   9/1/2030       100       105
  Tennergy Corp. TN Natural Gas Revenue PUT 4.000%   9/1/2028     1,415     1,425
  Tennergy Corp. TN Natural Gas Revenue PUT 5.000%  12/1/2029       380       397
  Tennergy Corp. TN Natural Gas Revenue PUT 5.500%  12/1/2030       100       105
  Tennessee Energy Acquisition Corp. Natural Gas Revenue 5.250%   9/1/2026       600       601
  Tennessee Energy Acquisition Corp. Natural Gas Revenue 5.000%   2/1/2027       830       836
  Tennessee Energy Acquisition Corp. Natural Gas Revenue 5.000%  12/1/2035     1,420     1,474
  Tennessee Energy Acquisition Corp. Natural Gas Revenue (Gas Project) PUT 5.000%   5/1/2028       865       885
  Tennessee Energy Acquisition Corp. Natural Gas Revenue PUT 5.000%  11/1/2031       150       156
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 3.500%   7/1/2050        55        55
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 3.750%   7/1/2052        30        30
                                       26,826
Texas (11.3%)
  Alamo Area Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.000%  12/1/2028       600       595
  Alamo Community College District GO 5.000%  8/15/2043       390       411
12 Alamo Heights Independent School District GO 4.000%   2/1/2051       500       450
12 Aldine Independent School District GO 5.000%  2/15/2045     1,000     1,005
12 Allen Independent School District GO 4.625%  2/15/2048       100       100
  Amarillo TX Waterworks & Sewer System Water Revenue 3.250%   4/1/2037       155       142
12 Argyle Independent School District GO 4.000%  8/15/2049     2,515     2,265
12 Argyle Independent School District GO PUT 4.000%  8/15/2028       115       117
4 Arlington Higher Education Finance Corp. Charter School Aid Revenue 5.750%  6/15/2055     1,500     1,503
3 Aubrey TX GO 4.000%  2/15/2049       350       303
4 Aubrey TX Special Assessment Revenue 5.625% 12/31/2055       100        98
  Austin TX Electric Utility Electric Power & Light Revenue 5.000% 11/15/2043       280       298
7 Bastrop TX GO 4.000%   8/1/2049       300       266
  Baytown TX GO 5.000%   2/1/2034       125       137
  Baytown TX GO 5.000%   2/1/2035       150       166
  Baytown TX GO 5.000%   2/1/2036       150       164
  Baytown TX GO 5.000%   2/1/2037       150       163
  Baytown TX GO 5.000%   2/1/2038       230       248
  Baytown TX GO 5.000%   2/1/2039       715       767
  Baytown TX GO 5.000%   2/1/2040     1,015     1,081
  Baytown TX GO 5.000%   2/1/2041     1,000     1,060
  Baytown TX GO 5.000%   2/1/2042     1,290     1,363
  Baytown TX GO 5.000%   2/1/2043     1,265     1,332
  Baytown TX GO 5.000%   2/1/2043     1,000     1,053
  Baytown TX GO 5.000%   2/1/2044     1,490     1,564
  Baytown TX GO 5.000%   2/1/2044     1,000     1,050
  Baytown TX GO 5.000%   2/1/2046     1,580     1,641
7 Bell County Municipal Utility District No. 1 GO 6.000%   9/1/2031        80        88
12 Bellville Independent School District GO 4.125%  2/15/2049     2,000     1,840
  Bexar County Hospital District GO 5.000%  2/15/2033       830       838
  Bexar County Hospital District GO 5.000%  2/15/2035     1,450     1,612
  Bexar County Hospital District GO 5.000%  2/15/2047     1,000     1,009
  Board of Regents of the University of Texas System College & University Revenue 5.000%  8/15/2032        80        84
  Board of Regents of the University of Texas System College & University Revenue 3.500%  8/15/2050       400       319
  Brazoria County Toll Road Authority Intergovernmental Agreement Revenue PUT 3.750%   9/1/2026        70        70
3 Brownsville TX Utilities System Water Revenue 5.250%   9/1/2050     1,500     1,561
3 Brownsville TX Utilities System Water Revenue 5.250%   9/1/2055     1,500     1,549
4 Buda TX Special Assessment Revenue 6.000%   9/1/2055       100        98
4 Buda TX Special Assessment Revenue 6.750%   9/1/2055       100        98
12 Burleson Independent School District GO 5.000%   2/1/2047     5,000     5,034
  Celina TX GO 2.000%   9/1/2040       895       614
4 Celina TX Special Assessment Revenue 4.000%   9/1/2051     1,000       794
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/2038        75        79
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/2045       130       133
7 Central Texas Regional Mobility Authority Highway Revenue 3.000%   1/1/2046     1,000       763
  Central Texas Regional Mobility Authority Highway Revenue 4.000%   1/1/2050       750       645
  Chambers County TX GO 4.000%   3/1/2054     1,160       992
12 Cleburne Independent School District GO 5.000%  2/15/2033       120       120
12 Cleburne Independent School District GO 3.000%  2/15/2035       100        92
12 Cleveland Independent School District GO 5.000%  2/15/2042       435       437
  Colony TX GO 2.000%  2/15/2040       530       371
  Colony TX GO 4.000%  8/15/2044       235       216
  Colony TX GO 4.000%  8/15/2045       330       299
  Comal County TX GO 4.000%   9/1/2047       270       250
12 Conroe Independent School District GO 4.000%  2/15/2050       250       227
  Corpus Christi TX Utility System Multiple Utility Revenue 5.000%  7/15/2031       460       474
12 Cypress-Fairbanks Independent School District GO 5.000%  2/15/2034       225       244
  Dallas Area Rapid Transit Sales Tax Revenue 5.000%  12/1/2030       100       107
  Dallas Area Rapid Transit Sales Tax Revenue 3.000%  12/1/2047       975       716
  Dallas Area Rapid Transit Sales Tax Revenue 4.000%  12/1/2051     2,000     1,750
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/2043     1,575     1,634
12 Dallas Independent School District GO 5.000%  2/15/2034     1,000     1,112
  Dallas Metrocare Services Intergovernmental Agreement Revenue 5.250%  11/1/2050     1,000     1,032
  Dallas Metrocare Services Intergovernmental Agreement Revenue 5.250%  11/1/2065       650       660
  Dallas TX Hotel Occupancy Tax Revenue 4.000%  8/15/2028        50        50
4 Dallas TX Special Tax Revenue (Fair Park Venue Project) PUT 6.250%  8/15/2028       110       110
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Dallas TX Waterworks & Sewer System Water Revenue 5.000%  10/1/2038     1,965     2,055
  Dallas TX Waterworks & Sewer System Water Revenue 4.000%  10/1/2052       200       177
  Del Mar College District GO 5.000%  8/15/2033       905       998
  Del Mar College District GO 5.000%  8/15/2034       540       599
  Del Mar College District GO 5.000%  8/15/2044     1,160     1,223
  Del Mar College District GO 5.000%  8/15/2045       885       929
  Del Mar College District GO 5.000%  8/15/2046     1,605     1,677
  Del Mar College District GO 5.000%  8/15/2047     1,615     1,680
  Del Mar College District GO 5.000%  8/15/2048     1,250     1,294
4 Denton County TX Special Assessment Revenue 6.125% 12/31/2055       100       103
12 Dickinson Independent School District GO PUT 3.100%   8/2/2027       110       110
  El Paso TX Water & Sewer Water Revenue 5.000%   3/1/2042        85        88
  El Paso TX Water & Sewer Water Revenue 4.000%   3/1/2050     1,100       960
  EP Cimarron Ventanas PFC Local or Guaranteed Housing Revenue (Home Essential Function Housing Program) 4.125%  12/1/2039        50        48
  EP Forty649 PFC Local or Guaranteed Housing Revenue (Forty649 Apartments Project) 5.000%   1/1/2033     1,810     1,930
  EP Forty649 PFC Local or Guaranteed Housing Revenue (Forty649 Apartments Project) 4.000%   1/1/2037       695       650
  Flower Mound TX GO 5.000%   3/1/2045       350       369
  Flower Mound TX GO 5.000%   3/1/2045     1,000     1,053
  Fort Bend County Industrial Development Corp. Industrial Revenue 4.750%  11/1/2042        60        60
  Fort Bend County TX GO 3.000%   3/1/2043        50        39
12 Fort Bend Independent School District GO PUT 3.125%   8/1/2029       500       498
  Fort Worth TX Water & Sewer System Water Revenue 3.125%  2/15/2043       250       199
12 Franklin TX Independent School District GO 4.000%  2/15/2028       150       150
  FW Ramble Public Facility Corp. Local or Guaranteed Housing Revenue (Ramble & Rose Project) 4.000%  10/1/2035       860       813
12 Garland Independent School District GO 5.000%  2/15/2038       505       541
  Garland TX Electric Utility System Electric Power & Light Revenue 4.000%   3/1/2046       500       443
3 Garland TX Electric Utility System Electric Power & Light Revenue 4.250%   3/1/2055       175       159
  Grand Parkway Transportation Corp. Highway Revenue 5.500%  10/1/2036       180       188
  Grand Parkway Transportation Corp. Highway Revenue 5.000%  10/1/2043     7,235     7,353
  Grand Parkway Transportation Corp. Highway Revenue 4.000%  10/1/2049     1,485     1,298
  Grayson County TX Junior College District GO 5.000%  2/15/2051     3,000     3,049
7 Greater Texoma Utility Authority Intergovernmental Agreement Revenue 5.000%  10/1/2055     2,000     2,022
  Greater Texoma Utility Authority Water Revenue (Princeton City Project) 3.000%   9/1/2046        50        37
7 Greater Texoma Utility Authority Water Revenue (Sherman Project) 5.000%  10/1/2035        85        91
12 Greenwood Independent School District GO 4.000%  2/15/2054       500       441
  Harris County Cultural Education Facilities Finance Corp. College & University Revenue PUT 5.000%  5/15/2032       530       563
  Harris County Flood Control District GO 4.000%  9/15/2048       500       448
3 Harris County Improvement District No. 14 GO 4.000%   5/1/2034        70        71
7 Harris County Municipal Utility District No. 530 GO 2.250%   9/1/2039        75        55
  Harris County TX Toll Road Highway Revenue 5.000%  8/15/2032        65        67
  Harris County TX Toll Road Highway Revenue 5.000%  8/15/2043       500       507
  Harris County TX Toll Road Highway Revenue 3.000%  8/15/2050       980       683
  Harris County TX Toll Road Highway Revenue 4.000%  8/15/2054        30        26
3 Harris County-Houston Sports Authority Hotel Occupancy Tax Revenue 5.000% 11/15/2035       300       326
  Hays County TX GO 2.750%  2/15/2036        50        44
  Hidalgo County Drain District No. 1 GO 3.000%   9/1/2046     1,000       730
  Hidalgo County Regional Mobility Authority Highway Revenue 5.000%  12/1/2032       250       261
  Hidalgo County Regional Mobility Authority Highway Revenue 5.000%  12/1/2035       125       129
  Hidalgo County Regional Mobility Authority Highway Revenue 4.000%  12/1/2038       100        92
  Hidalgo County Regional Mobility Authority Highway Revenue 4.000%  12/1/2041       835       748
  Hidalgo County Regional Mobility Authority Highway Revenue 0.000%  12/1/2046     5,810     1,975
  Hidalgo County Regional Mobility Authority Highway Revenue 0.000%  12/1/2049     1,500       415
3 Hidalgo County Regional Mobility Authority Miscellaneous Revenue 3.000%  12/1/2045     1,155       865
  Hidalgo County TX GO 5.000%  8/15/2031        70        73
  Hidalgo County TX GO 5.000%  8/15/2038        70        72
  Housing TX Options Inc. Local or Guaranteed Housing Revenue PUT 3.750%  11/1/2028       215       217
  Houston TX Airport System Port, Airport & Marina Revenue 5.000%   7/1/2043     1,025     1,044
  Houston TX Combined Utility System Water Revenue 5.000% 11/15/2042       900       912
  Houston TX Combined Utility System Water Revenue 5.000% 11/15/2043       330       338
  Houston TX Combined Utility System Water Revenue 5.000% 11/15/2045     1,205     1,241
  Houston TX Combined Utility System Water Revenue 4.000% 11/15/2051       115        99
  Houston TX GO 5.000%   3/1/2038       270       291
  Houston TX GO 5.000%   3/1/2038        50        50
  Houston TX GO 5.250%   3/1/2039       365       393
3 Houston TX Hotel Occupancy Tax & Special Hotel Occupancy Tax Revenue 0.000%   9/1/2049       260        81
  Houston TX Hotel Occupancy Tax & Special Hotel Occupancy Tax Revenue 5.250%   9/1/2051       155       160
3 Houston TX Hotel Occupancy Tax & Special Hotel Occupancy Tax Revenue 5.500%   9/1/2058       235       249
  Houston TX Hotel Occupancy Tax & Special Hotel Occupancy Tax Revenue 5.500%   9/1/2058       480       505
3 Huntsville TX GO 5.000%  2/15/2052     1,505     1,540
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
12 Jarrell Independent School District GO 4.000%  2/15/2054     1,000       878
12 Jim Ned Consolidated Independent School District GO 2.000%  2/15/2039     1,045       760
3 Kyle TX GO 5.000%  8/15/2050     1,000     1,021
  Lake Houston Redevelopment Authority Intergovernmental Agreement Revenue 3.000%   9/1/2038       100        77
  Laredo TX GO 5.000%  2/15/2040       100       105
  Laredo TX Waterworks & Sewer System Water Revenue 4.000%   3/1/2049       800       696
  Las Varas Public Facility Corp. Local or Guaranteed Housing Revenue 4.250%  10/1/2035       115       111
4 Lavon TX Special Assessment Revenue 4.125%  9/15/2052       200       161
  Lower Colorado River Authority Electric Power & Light Revenue PUT 5.000%  5/15/2032     1,680     1,804
  Lower Colorado River Authority Intergovernmental Agreement Revenue 3.000%  5/15/2038        50        42
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/2038       150       151
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/2043       220       223
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/2044       500       504
  Lower Colorado River Authority Intergovernmental Agreement Revenue 4.000%  5/15/2049       650       553
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/2055     1,000     1,009
  Lubbock Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 2.800%   3/1/2028       100        99
12 Lumberton Independent School District GO 3.000%  2/15/2045       200       154
  Manor Housing Public Facility Corp. Local or Guaranteed Housing Revenue PUT 3.400%   5/1/2028       500       502
12 Mansfield Independent School District GO 5.000%  2/15/2044     1,005     1,021
11 Matagorda County Navigation District No. 1 Resource Recovery Revenue 4.400%   5/1/2030       865       901
12 Medina Valley Independent School District GO PUT 2.850%  2/15/2029       220       219
12 Midlothian Independent School District GO 5.000%  2/15/2047       210       211
12 Midway Independent School District/McLennan County GO 3.000%  8/15/2037       275       239
12 Nauset MA Regional School District GO 4.000%  2/15/2049     3,000     2,709
12 Navarro Independent School District GO PUT 4.000%  2/15/2028       160       163
12 Needville Independent School District GO 5.000%  8/15/2046     1,005     1,060
  New Braunfels TX Utility System Electric Power & Light Revenue 4.000%   7/1/2055       350       298
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 4.000%  8/15/2034       615       615
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.500%  8/15/2049       525       565
4 New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 6.500%   7/1/2056       240       249
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Legacy Midtown Park Project) 6.750%   7/1/2044       100       105
  New Hope Cultural Education Facilities Finance Corp. Local or Guaranteed Housing Revenue 6.500%  10/1/2055       100       105
  Nortex Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 2.875%  10/1/2027       225       224
  North East Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/2043        65        67
12 North East TX Independent School District GO 4.000%   8/1/2052       100        89
  North Harris County Regional Water Authority Water Revenue 5.000% 12/15/2029        40        40
3 North Texas Municipal Water District Intergovernmental Agreement Revenue 5.000%   6/1/2041        55        58
  North Texas Municipal Water District Water System Water Revenue 3.000%   9/1/2042     2,540     2,057
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/2034       835       854
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/2043     4,825     4,883
12 Northside Independent School District GO PUT 2.000%   6/1/2027       500       495
  NTHP Lakewest Senior Inc. Local or Guaranteed Housing Revenue 5.000%   5/1/2036     1,100     1,163
  Permanent University Fund - University of Texas System College & University Revenue 5.000%   7/1/2040       380       406
  Pflugerville TX GO 2.125%   8/1/2040       675       475
3 Pharr TX GO 5.250%  8/15/2055     2,220     2,298
  Plano Independent School District GO 5.000%  2/15/2035       260       282
  Plano TX GO 2.000%   9/1/2038       900       672
12 Prosper Independent School District GO 3.000%  2/15/2041       100        83
12 Round Rock Independent School District GO PUT 5.000%   8/1/2030       845       904
  San Antonio Education Facilities Corp. College & University Revenue 4.000%   4/1/2046     1,000       845
  San Antonio Education Facilities Corp. College & University Revenue 3.000%   4/1/2054     3,045     1,960
  San Antonio Education Facilities Corp. College & University Revenue 4.000%   4/1/2054     3,000     2,353
  San Antonio Housing Trust Public Facility Corp. Local or Guaranteed Housing Revenue PUT 3.450%   7/1/2027       100       100
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/2027       135       137
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/2031        40        40
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/2038       280       301
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/2042     1,555     1,561
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/2045       145       148
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/2046     1,315     1,353
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 3.650%  12/1/2026       105       105
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 2.000%  12/1/2027       250       245
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 2.900%  12/1/2027       110       109
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 3.080%  12/1/2028       100        99
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 3.000%  12/1/2029       940       926
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 3.150%  12/1/2031       400       389
  San Antonio Water System Water Revenue 5.000%  5/15/2043       525       534
  Seguin TX GO 5.250%   9/1/2059     3,000     3,144
  Seguin TX GO 5.500%   9/1/2059       250       268
7 Sheldon Independent School District GO 4.000%  2/15/2053       140       123
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Sherman TX GO 5.000%  8/15/2044       620       649
  Smith County TX GO 5.000%  8/15/2043        80        84
12 Spring Independent School District GO 5.250%  8/15/2055     1,910     1,989
  Tarrant County College District GO 5.000%  8/15/2038       265       281
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032       300       311
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%  12/1/2043       610       642
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 3.250%  2/15/2047       335       273
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 4.000%  10/1/2047     1,020       906
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 4.000%  10/1/2052     1,055       903
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 4.000%   7/1/2053     2,725     2,327
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 4.125%  12/1/2054       400       355
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2029       450       474
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000%   5/1/2030       100       106
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2032       170       184
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2032       585       631
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000%   5/1/2033       215       233
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2035       225       246
  Tarrant County Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.600%   2/1/2028       200       201
  Temple College GO 3.000%   7/1/2046       255       188
  Texas A&M University College & University Revenue 5.000%  5/15/2033     1,045     1,159
  Texas A&M University College & University Revenue 5.000%  5/15/2039       100       101
  Texas Department of Housing & Community Affairs Local or Guaranteed Housing Revenue 6.000%   1/1/2057     7,500     8,297
  Texas Municipal Gas Acquisition & Supply Corp. I Natural Gas Revenue 5.250% 12/15/2026        55        55
  Texas Municipal Gas Acquisition & Supply Corp. I Natural Gas Revenue 6.250% 12/15/2026       595       602
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/2027        65        67
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/2028       150       155
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/2030       150       156
  Texas Municipal Gas Acquisition & Supply Corp. IV Natural Gas Revenue PUT 5.500%   1/1/2030     6,530     6,851
  Texas Municipal Gas Acquisition & Supply Corp. IV Natural Gas Revenue PUT 5.500%   1/1/2034       125       133
  Texas Municipal Gas Acquisition & Supply Corp. VI Natural Gas Revenue 5.000%   1/1/2036     1,750     1,803
2 Texas Municipal Gas Acquisition & Supply Corp. VI Natural Gas Revenue 5.250%   3/1/2037     1,040     1,093
3 Texas Municipal Power Agency Electric Power & Light Revenue 3.000%   9/1/2040       300       243
3 Texas Municipal Power Agency Electric Power & Light Revenue 3.000%   9/1/2046       565       412
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000%  6/30/2033       100       100
  Texas State Affordable Housing Corp. Local or Guaranteed Housing Revenue PUT 2.800%   2/1/2027       245       245
2 Texas State University System College & University Revenue 5.000%  3/15/2034       290       315
2 Texas State University System College & University Revenue 5.000%  3/15/2035       270       295
2 Texas State University System College & University Revenue 5.000%  3/15/2036       235       257
  Texas State University System College & University Revenue 5.000%  3/15/2043     2,500     2,670
  Texas State University System College & University Revenue 5.250%  3/15/2056     4,000     4,158
  Texas Transportation Commission State Highway 249 System Highway Revenue 0.000%   8/1/2043       140        61
  Texas Water Development Board Water Revenue 4.000% 10/15/2032       170       170
  Texas Water Development Board Water Revenue 4.000% 10/15/2035     1,130     1,133
  Texas Water Development Board Water Revenue 4.000%  4/15/2038     1,800     1,781
  Texas Water Development Board Water Revenue 5.000% 10/15/2043     5,145     5,218
  Texas Water Development Board Water Revenue 5.000% 10/15/2045       410       410
  Texas Water Development Board Water Revenue 4.000%  4/15/2051       400       354
  Texas Water Development Board Water Revenue 5.000% 10/15/2060     2,050     2,091
  Texas Woman's University College & University Revenue 5.000%   7/1/2030       200       214
  Texas Woman's University College & University Revenue 5.000%   7/1/2031       140       151
  Texas Woman's University College & University Revenue 5.000%   7/1/2032       100       109
  Travis County Healthcare District GO 2.000%   3/1/2037        50        39
  University of Houston College & University Revenue 3.000%  2/15/2047     1,885     1,380
  University of North Texas System College & University Revenue 5.000%  4/15/2032     1,200     1,214
  Waco Educational Finance Corp. College & University Revenue 4.000%   3/1/2046       805       733
12 Waller Consolidated Independent School District GO 5.000%  2/15/2039       500       556
7 West Harris County Regional Water Authority Water Revenue 3.000% 12/15/2042     1,680     1,318
12 West Rusk County Consolidated Independent School District GO 2.000%  2/15/2039       725       543
  Wichita County TX GO 5.000%  9/15/2042       500       505
12 Ysleta Independent School District GO 4.000%  8/15/2050     2,500     2,220
                                      203,507
Utah (0.9%)
  Central Valley Water Reclamation Facility Sewer Revenue 4.000%   3/1/2049       255       231
3 Downtown Revitalization Public Infrastructure District Sales Tax Revenue (SEG Redevelopment Project) 5.500%   6/1/2055     1,000     1,058
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/2039       600       630
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/2042       305       317
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/2043     1,320     1,372
  Intermountain Power Agency Electric Power & Light Revenue 5.000%   7/1/2045     1,275     1,320
4,13,14 Mida Cormont Public Infrastructure District GO, 6.750% coupon rate effective 6/1/2029 0.000%   6/1/2055       600       525
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Morgan County School District (Utah School Bond Guaranty Program) GO 3.000%   8/1/2030     1,245     1,221
  Park City UT Water Revenue 2.000% 12/15/2038       500       378
  Park City UT Water Revenue 2.125% 12/15/2039       700       523
  Salt Lake City UT Airport Port, Airport & Marina Revenue 5.000%   7/1/2042     1,000     1,008
  University of Utah College & University Revenue 5.000%   8/1/2046       170       176
  University of Utah College & University Revenue 4.000%   8/1/2051       960       851
  Utah County UT Health, Hospital, Nursing Home Revenue 5.000%  5/15/2041     3,395     3,396
  Utah County UT Health, Hospital, Nursing Home Revenue 5.000%  5/15/2043       880       908
  Utah Housing Corp. Local or Guaranteed Housing Revenue 5.000%  11/1/2043       100       102
  Utah Housing Corp. Local or Guaranteed Housing Revenue 6.500%   7/1/2055       100       110
  Utah Housing Corp. Local or Guaranteed Housing Revenue 6.500%   7/1/2055       145       162
  Utah Housing Corp. Local or Guaranteed Housing Revenue 6.750%   7/1/2055       225       254
  Utah Housing Corp. Local or Guaranteed Housing Revenue 6.500%   7/1/2056       725       811
  Utah Housing Corp. Local or Guaranteed Housing Revenue PUT 3.240%  12/1/2029       100       100
  Utah Infrastructure Agency Intergovernmental Agreement Revenue 5.000% 10/15/2038        70        71
  Utah State University College & University Revenue 2.600%  12/1/2038       100        80
4 Verk Industrial Regional Public Infrastructure District Tax Increment/Allocation Revenue 6.625%   9/1/2047       500       528
4 Wakara Ridge Public Infrastructure District Special Assessment Revenue 5.625%  12/1/2054       100       102
                                       16,234
Vermont (0.1%)
  Vermont Educational & Health Buildings Financing Agency College & University Revenue (Champlain College Project) 5.000% 10/15/2026       100       100
  Vermont Educational & Health Buildings Financing Agency Health, Hospital, Nursing Home Revenue 5.000%  12/1/2035       400       400
  Vermont Housing Finance Agency Local or Guaranteed Housing Revenue 6.000%  11/1/2055       192       209
  Vermont Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%  11/1/2056       370       408
  Vermont Housing Finance Agency Revenue Local or Guaranteed Housing Revenue 4.950%   1/1/2043       250       252
2 Vermont Municipal Bond Bank Miscellaneous Revenue 5.000%  12/1/2056     1,000     1,017
  Vermont State University Agricultural College & University Revenue 5.000%  10/1/2043       100       101
                                        2,487
Virgin Islands (0.0%)
  Virgin Islands Transportation & Infrastructure Corp. Government Fund/Grant Revenue 5.000%   9/1/2034       200       217
Virginia (0.8%)
  Albemarle County Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2029       250       263
  Alexandria Redevelopment & Housing Authority Local or Guaranteed Housing Revenue PUT 3.200%   6/1/2027       140       140
  Arlington County IDA Local or Guaranteed Housing Revenue PUT 3.100%   2/1/2027       100       100
  Fairfax County VA Sewer Revenue 5.000%  7/15/2044       235       237
1,6 Freddie Mac Multifamily ML Certificates 4.518%  8/25/2041       124       124
6 Freddie Mac Multifamily ML Certificates Local or Guaranteed Housing Revenue 4.686% 10/25/2040       614       623
  Henrico County Economic Development Authority Local or Guaranteed Housing Revenue PUT 3.200%  10/1/2029       705       702
  Henrico County Economic Development Authority Local or Guaranteed Housing Revenue PUT 3.200%  12/1/2029       175       174
  Lynchburg Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2027       240       242
  Lynchburg Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2028       475       488
  Lynchburg Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2029       690       719
  Lynchburg Economic Development Authority Health, Hospital, Nursing Home Revenue 3.000%   1/1/2051     2,000     1,396
  Lynchburg Economic Development Authority Health, Hospital, Nursing Home Revenue 5.500%   1/1/2051       155       163
  Lynchburg Economic Development Authority Health, Hospital, Nursing Home Revenue 5.500%   1/1/2056       405       423
  Norfolk VA GO 5.000%   9/1/2039     1,270     1,347
  Norfolk VA Water Revenue 5.000%  11/1/2042     1,670     1,695
  Virginia College Building Authority Appropriations Revenue 3.000%   2/1/2037       635       567
  Virginia College Building Authority College & University Revenue 5.000%   9/1/2027       310       310
  Virginia College Building Authority College & University Revenue 4.000%   9/1/2051       320       286
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.125%   3/1/2036        50        41
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.000%   3/1/2042       170       142
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.550%  12/1/2046       110        76
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 4.750%   9/1/2060       500       475
  Virginia Resources Authority Lease Revenue 2.000%  11/1/2037        80        61
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 5.250%  6/15/2050       205       212
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/2051     2,850     2,393
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 5.250%  6/15/2055       255       262
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  6/15/2035       215       231
                                       13,892
Washington (1.9%)
  Auburn School District No. 408 of King & Pierce Counties GO 3.000%  12/1/2038       325       280
  Energy Northwest Nuclear Revenue 5.000%   7/1/2038       500       519
  Energy Northwest Nuclear Revenue 5.000%   7/1/2038       290       312
  Energy Northwest Nuclear Revenue 5.000%   7/1/2040       500       526
  Grant County Public Utility District No. 2 Electric Power & Light Revenue 5.000%   1/1/2032        90        92
  Kent WA GO 5.250%  12/1/2056     2,475     2,608
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  King County Public Hospital District No. 2 GO 5.500%  12/1/2050       245       259
  King County Public Hospital District No. 2 GO 5.500%  12/1/2054       330       346
  King County School District No. 401 Highline GO 5.000%  12/1/2032        50        52
  King County School District No. 401 Highline GO 5.000%  12/1/2044     1,920     2,050
  King County School District No. 414 Lake Washington GO 4.000%  12/1/2033     1,000     1,043
  King County School District No. 414 Lake Washington GO 4.000%  12/1/2034       610       633
  Marysville WA GO 5.000%  12/1/2044     1,250     1,271
3 Port of Everett WA Port, Airport & Marina Revenue 5.000%  12/1/2046       260       271
3 Port of Everett WA Port, Airport & Marina Revenue 5.000%  12/1/2051     1,810     1,851
3 Port of Everett WA Port, Airport & Marina Revenue 5.250%  12/1/2055       420       437
1 Seattle WA Municipal Light & Power Electric Power & Light Revenue, SIFMA Municipal Swap Index Yield + 0.250% 2.410%   5/1/2045       240       240
  Snohomish County Housing Authority Local or Guaranteed Housing Revenue (Allegro Apartments Project) 3.750%   4/1/2036     1,210     1,126
  Snohomish County Public Utility District No. 1 Electric System Electric Power & Light Revenue 5.000%  12/1/2041       115       121
  Snohomish County Public Utility District No. 1 Electric System Electric Power & Light Revenue 5.000%  12/1/2046       340       352
  Spokane WA Water & Wastewater Water Revenue 4.000%  12/1/2030     2,000     2,000
  University of Washington College & University Revenue 5.250%  12/1/2046       750       752
  Vancouver Housing Authority Local or Guaranteed Housing Revenue 5.000%   8/1/2029       100       103
  Washington COP 5.000%   7/1/2043       100       103
  Washington COP 5.000%   7/1/2043     1,710     1,760
  Washington GO 5.000%   2/1/2040       225       238
  Washington GO 5.000%   8/1/2040       200       209
  Washington GO 5.000%   6/1/2042     1,635     1,705
  Washington GO 5.000%   8/1/2042       465       483
  Washington GO 5.000%   6/1/2043       260       271
  Washington GO 5.000%   8/1/2043     3,095     3,178
  Washington GO 5.000%   2/1/2044       180       185
  Washington GO 5.000%   6/1/2044       100       103
  Washington GO 5.000%   8/1/2044       100       104
  Washington GO 5.000%   6/1/2045       165       169
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2029        70        72
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030       250       255
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030       620       660
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030       580       617
7 Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2033       650       664
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2034     1,000     1,077
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/2034     1,940     1,940
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2035     1,635     1,786
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2037        70        71
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2039       225       230
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2042       200       188
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/2042       110       101
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2047       750       756
3 Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2030       140       147
  Washington Higher Education Facilities Authority College & University Revenue (Seattle University Project) 5.000%   5/1/2030       125       127
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 5.000%   7/1/2031       150       153
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 4.000%   7/1/2043        50        46
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 4.000%   7/1/2058       175       138
4 Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 5.750%   7/1/2060       200       202
                                       34,982
West Virginia (0.1%)
  West Virginia GO 5.000%  12/1/2041       150       154
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2036       100       101
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/2038       165       147
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 3.250%   6/1/2039       310       269
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 4.125%   1/1/2047       510       409
  West Virginia Housing Development Fund Local or Guaranteed Housing Revenue PUT 5.000%   4/1/2027       100       101
  West Virginia University College & University Revenue (West Virginia University Project) 5.000%  10/1/2041       135       141
  West Virginia Water Development Authority Water Revenue 5.000%  10/1/2036        50        50
                                        1,372
Wisconsin (1.8%)
  Milwaukee WI GO 4.000%   4/1/2031       200       201
  Milwaukee WI GO 5.000%  12/1/2033       500       545
  Mukwonago Area School District GO 4.250%   4/1/2045       500       486
4 Public Finance Authority Charter School Aid Revenue 5.750%   6/1/2045       365       364
4 Public Finance Authority Charter School Aid Revenue 4.500%  7/15/2053       100        86
  Public Finance Authority Charter School Aid Revenue 5.750%   7/1/2062     7,678     7,885
4 Public Finance Authority Charter School Aid Revenue (Cherokee Classical Acadamy Project) 6.000%  6/15/2035       200       204
4 Public Finance Authority Charter School Aid Revenue (Cherokee Classical Acadamy Project) 6.500%  6/15/2045       350       350
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Public Finance Authority College & University Revenue 5.000%   6/1/2028       100       102
  Public Finance Authority College & University Revenue 5.000%   6/1/2029       100       103
  Public Finance Authority College & University Revenue 5.000%   6/1/2031       120       124
  Public Finance Authority College & University Revenue 5.125%   4/1/2052     1,895     1,691
  Public Finance Authority Electric Power & Light Revenue (Duke Energy Progress Project) PUT 3.700%  10/1/2030       160       163
  Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/2040        70        60
  Public Finance Authority Health, Hospital, Nursing Home Revenue 3.000%   6/1/2048        45        30
  Public Finance Authority Health, Hospital, Nursing Home Revenue (Kahala Nui Project) 5.250% 11/15/2061       100       101
4 Public Finance Authority Intergovernmental Agreement Revenue (Astro Texas Land Projects) 5.000% 12/15/2036        73        72
  Public Finance Authority Intergovernmental Agreement Revenue PUT 3.625%  6/15/2031       120       119
  Public Finance Authority Local or Guaranteed Housing Revenue 5.000%   6/1/2029       115       118
4 Public Finance Authority Local or Guaranteed Housing Revenue 5.000%   7/1/2029        50        51
  Public Finance Authority Local or Guaranteed Housing Revenue 5.000%   6/1/2034        50        51
  Public Finance Authority Local or Guaranteed Housing Revenue 4.000%   5/1/2036       580       568
1 Public Finance Authority Local or Guaranteed Housing Revenue 4.477%  12/5/2040     2,369     2,280
1 Public Finance Authority Local or Guaranteed Housing Revenue 4.477%  12/5/2040       152       140
1 Public Finance Authority Local or Guaranteed Housing Revenue 4.147%  1/20/2041       140       126
  Public Finance Authority Local or Guaranteed Housing Revenue 5.400%  6/20/2044       365       375
  Public Finance Authority Local or Guaranteed Housing Revenue 5.750%  6/20/2044       462       470
  Public Finance Authority Local or Guaranteed Housing Revenue 5.500%   6/1/2055       600       594
  Public Finance Authority Local or Guaranteed Housing Revenue (Forest View Apartments Project) 4.000%   8/1/2036       720       703
7 Public Finance Authority Local or Guaranteed Housing Revenue (PRG-Oxford Properties LLC Project) 5.250%   7/1/2055     1,000     1,009
7 Public Finance Authority Local or Guaranteed Housing Revenue (PRG-Oxford Properties LLC Project) 5.250%   7/1/2060     1,000     1,005
7 Public Finance Authority Local or Guaranteed Housing Revenue (PRG-Oxford Properties LLC Project) 5.250%   7/1/2065     1,000     1,002
  Public Finance Authority Local or Guaranteed Housing Revenue PUT 4.500%   7/1/2035       265       266
1,4 Public Finance Authority Local or Guaranteed Housing Revenue, 67% of SOFR + 1.150% 3.595%  12/1/2068     2,685     2,676
4 Public Finance Authority Miscellaneous Revenue (Inperium Project) 5.750%  12/1/2054       100        98
3 Racine Unified School District GO 4.000%   4/1/2045       100        94
  Racine Unified School District Miscellaneous Revenue 4.000%   4/1/2030     1,005     1,019
  Sun Prairie WI Area School District GO 2.000%   3/1/2040       750       542
  University of Wisconsin Hospitals & Clinics Health, Hospital, Nursing Home Revenue 4.250%   4/1/2052       565       509
  West Allis West Milwaukee School District GO 3.000%   4/1/2039       200       177
2 Wisconsin GO 5.000%   5/1/2030       100       106
2 Wisconsin GO 5.000%   5/1/2031       100       108
2 Wisconsin GO 5.000%   5/1/2032       100       109
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2029       300       312
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2030       100       107
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2035       180       181
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2036       100       100
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/2037     1,775     1,735
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/2042       305       281
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 3.125% 12/15/2044       315       255
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2045       100       103
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/2048       100        87
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 3.125% 12/15/2049       145       107
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 6.000%   7/1/2060       150       151
  Wisconsin Health & Educational Facilities Authority Local or Guaranteed Housing Revenue 4.375%  11/1/2039       100        98
  Wisconsin Housing & Economic Development Authority Home Ownership Local or Guaranteed Housing Revenue 3.750%   3/1/2050       675       675
  Wisconsin Housing & Economic Development Authority Home Ownership Local or Guaranteed Housing Revenue 6.000%   9/1/2054        85        91
  Wisconsin Housing & Economic Development Authority Home Ownership Local or Guaranteed Housing Revenue 6.250%   9/1/2055       155       169
  Wisconsin Housing & Economic Development Authority Housing Local or Guaranteed Housing Revenue 4.875%   5/1/2062       145       142
  Wisconsin Housing & Economic Development Authority Local or Guaranteed Housing Revenue (View at Huxley Yards Project) PUT 5.000%   8/1/2026       465       465
  Wood County WI GO 2.375%  10/1/2041        60        43
                                       31,984
Wyoming (0.1%)
3 University of Wyoming Local or Guaranteed Housing Revenue 4.000%   6/1/2051       800       702
  Wyoming Community Development Authority Local or Guaranteed Housing Revenue 6.250%  12/1/2055       505       553
                                        1,255
Total Tax-Exempt Municipal Bonds (Cost $1,781,100) 1,767,068
Taxable Municipal Bonds (0.1%)
Puerto Rico (0.1%)
  Commonwealth of Puerto Rico CVI 0.000%  11/1/2043     1,839     1,311
  Commonwealth of Puerto Rico CVI 0.000%  11/1/2051        72        52
Total Taxable Municipal Bonds (Cost $1,210) 1,363
    Coupon   Shares Market
Value
($000)
Temporary Cash Investments (2.3%)
Investment Company (2.3%)
15 Vanguard Municipal Low Duration Fund (Cost $42,011) 2.621%            4,201,077    42,011
Total Investments (100.2%) (Cost $1,824,321) 1,810,442
Other Assets and Liabilities—Net (-0.2%) (4,104)
Net Assets (100%) 1,806,338
Cost is in $000.
1 Variable-rate security; rate shown is effective rate at period end. Certain variable-rate securities are not based on a published reference rate and spread but are determined by the issuer or agent based on current market conditions.
2 Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of July 31, 2026.
3 Scheduled principal and interest payments are guaranteed by Assured Guaranty Inc.
4 Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2026, the aggregate value was $50,182, representing 2.8% of net assets.
5 Scheduled principal and interest payments are guaranteed by National Public Finance Guarantee Corp.
6 The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as needed to maintain a positive net worth, in exchange for senior preferred stock.
7 Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co.
8 Scheduled principal and interest payments are guaranteed by Federal Housing Authority.
9 The average or expected maturity is shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or the possibility of the issue being called.
10 Scheduled principal and interest payments are guaranteed by Michigan School Board Loan Fund.
11 Scheduled principal and interest payments are guaranteed by Ambac Assurance Corp.
12 Scheduled principal and interest payments are guaranteed by Texas Permanent School Fund.
13 Securities with a value of $300 have been segregated as initial margin for open futures contracts.
14 Step bond.
15 Affiliated short-term municipal bond fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
  BAN—Bond Anticipation Note.
  COP—Certificate of Participation.
  CVI—Contingent Value Instruments.
  ETM—Escrowed to Maturity.
  GO—General Obligation Bond.
  IDA—Industrial Development Authority Bond.
  PILOT—Payments in Lieu of Taxes.
  Prere.—Prerefunded.
  PUT—Put Option Obligation.
  RAN—Revenue Anticipation Note.
  SIFMA—Securities Industry and Financial Markets Association.
  SOFR—Secured Overnight Financing Rate.
  TSFR1M—CME Term Secured Overnight Financing Rate 1-Month.
  
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts 		Notional
Amount 		Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts        
Ultra Long U.S. Treasury Bond September 2026 38 4,168 (76)
                 
Over-the-Counter Swaps - Municipal Market Data Rate Locks    
Termination
Date 		Counterparty Notional
Amount
($000) 		Buy/Sell Reference
Index 		Strike
Rate 		Value
($000) 		Unrealized
Appreciation
($000) 		Unrealized
(Depreciation)
($000)
8/20/2026 RBC 240 Buy 5-Year MMD AAA General Obligation Scale 2.790% (1) — (1)
8/20/2026 MSBNA 140 Buy 5-Year MMD AAA General Obligation Scale 2.840% (1) — (1)
9/28/2026 MSBNA 3,333 Buy 20-Year MMD AAA General Obligation Scale 3.850% 142 142 —
10/1/2026 JPMC 2,333 Buy 20-Year MMD AAA General Obligation Scale 3.890% 86 86 —
10/7/2026 RBC 2,550 Buy 30-Year MMD AAA General Obligation Scale 4.300% 130 130 —
10/7/2026 RBC 1,750 Buy 30-Year MMD AAA General Obligation Scale 4.310% 85 85 —
10/14/2026 WFB 1,750 Buy 30-Year MMD AAA General Obligation Scale 4.430% 47 47 —
10/14/2026 RBC 420 Buy 30-Year MMD AAA General Obligation Scale 4.410% 13 13 —
8/4/2027 RBC 2,700 Buy 30-Year MMD AAA General Obligation Scale 4.780% — — —
10/14/2027 WFB 2,500 Buy 30-Year MMD AAA General Obligation Scale 4.400% 81 81 —
            582 584 (2)
  JPMC—JPMorgan Chase Bank, N.A.
  MSBNA—Morgan Stanley Bank, N.A.
  RBC—Royal Bank of Canada.
  WFB—Wells Fargo Bank N.A.
A.  Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Bonds and other temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Investments in Vanguard Municipal Low Duration Fund are valued at that fund's net asset value. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees.
B.  Futures Contracts: The fund uses futures contracts to invest in fixed income asset classes with greater efficiency and lower cost than is possible through direct investment, to add value when these instruments are attractively priced, or to adjust sensitivity to changes in interest rates. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of bonds held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
C.  MMD Rate Locks: The fund enters into Municipal Market Data (MMD) Rate Lock contracts to lock in a specified municipal interest rate for a portion of the fund to preserve a return on a particular investment or a portion of the fund as a duration management technique or to protect against market interest rate risk for anticipated purchase of municipal bonds. Under the terms of the contracts, both parties agree to make payments to each other on a notional amount, contingent upon whether the reference index rate is above or below a strike rate on the termination date of the contract. The fund may buy (long) an MMD Rate Lock and if the referenced MMD AAA Index is below the strike rate on the termination date, the counterparty will make a payment to the fund. If the MMD AAA Index is above the strike rate on the termination date, the fund will make a payment to the counterparty. The fund may also sell (short) an MMD Rate Lock. The contract terms of a short position will move in the opposite direction as a long position.
The primary risk associated with MMD Rate Locks is that municipal yields will move in the opposite direction than anticipated by a fund, which would cause the fund to make payments to its counterparty in the transaction that could adversely affect the fund’s performance. A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund’s maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund’s net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
MMD Rate Locks are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded as an asset (liability) and as unrealized appreciation (depreciation) until the contracts are terminated, at which time realized gain (loss) is recorded.
D.  Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments and derivatives as of July 31, 2026, based on the inputs used to value them:
  Level 1
($000) 		Level 2
($000) 		Level 3
($000) 		Total
($000)
Investments         
Assets        
Tax-Exempt Municipal Bonds — 1,767,068 — 1,767,068
Taxable Municipal Bonds — 1,363 — 1,363
Temporary Cash Investments 42,011 — — 42,011
Total 42,011 1,768,431 — 1,810,442
Derivative Financial Instruments         
Assets        
Swap Contracts — 584 — 584
Liabilities        
Futures Contracts1 (76) — — (76)
Swap Contracts — (2) — (2)
Total (76) (2) — (78)
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.