Vanguard® Ultra-Short-Term Tax-Exempt Fund
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 (98.5%)
Alabama (7.5%)
1 Alabama Corrections Institution Finance Authority Lease (Appropriation) Revenue TOB VRDO 2.260%   8/6/2026     12,245     12,245
  Alabama Housing Finance Authority Local or Guaranteed Housing Revenue (Cooper Green Homes Project) PUT 5.000%   2/1/2028      1,347      1,383
  Alabama Housing Finance Authority Local or Guaranteed Housing Revenue (CREEL Road Apartments Project) PUT 3.125%   3/1/2028      1,315      1,314
  Alabama Housing Finance Authority Local or Guaranteed Housing Revenue (Forest Hills Village Project) PUT 5.000%  11/1/2026      4,241      4,261
  Alabama Housing Finance Authority Local or Guaranteed Housing Revenue (Fred Marshall Court Project) PUT 3.150%   6/1/2028        600        600
  Alabama Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2028        620        620
  Alabama Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.200%   7/1/2028      1,200      1,199
  Alabama Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.200%   2/1/2029      1,515      1,516
  Alabama Public School & College Authority Sales Tax Revenue 5.000%   1/1/2027     10,085     10,102
2 Alabama State University College & University Revenue 5.000%   9/1/2030        290        309
  Baptist Health Care Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2026      1,345      1,352
  Baptist Health Care Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2027      1,780      1,816
  Baptist Health Care Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2028      1,300      1,343
  Baptist Health Care Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2029      3,020      3,146
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   9/1/2026        500        500
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   9/1/2026      2,000      2,003
  Black Belt Energy Gas District Natural Gas Revenue 4.000%  10/1/2026      4,300      4,304
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  10/1/2026      2,785      2,792
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  11/1/2026      1,145      1,149
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2026        415        418
  Black Belt Energy Gas District Natural Gas Revenue 5.250%  12/1/2026      1,850      1,861
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   1/1/2027        120        121
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   6/1/2027        150        152
  Black Belt Energy Gas District Natural Gas Revenue 5.250%   6/1/2027      1,300      1,319
  Black Belt Energy Gas District Natural Gas Revenue 5.500%   6/1/2027      1,150      1,170
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   7/1/2027      1,700      1,723
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   9/1/2027        450        453
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   9/1/2027      3,190      3,242
  Black Belt Energy Gas District Natural Gas Revenue 4.000%  10/1/2027      4,305      4,330
  Black Belt Energy Gas District Natural Gas Revenue 5.250%  10/1/2027      3,000      3,061
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  11/1/2027      3,095      3,154
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2027        555        567
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2027      1,810      1,843
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2027        910        926
  Black Belt Energy Gas District Natural Gas Revenue 5.250%  12/1/2027      1,170      1,196
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   1/1/2028        400        408
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   6/1/2028        510        525
  Black Belt Energy Gas District Natural Gas Revenue 5.250%   6/1/2028      3,070      3,161
  Black Belt Energy Gas District Natural Gas Revenue 5.500%   6/1/2028      1,000      1,034
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   7/1/2028      1,825      1,873
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   9/1/2028        500        506
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   9/1/2028      1,810      1,860
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  11/1/2028      1,265      1,304
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2028        550        569
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2028      1,660      1,706
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2028        780        803
  Black Belt Energy Gas District Natural Gas Revenue 5.250%  12/1/2028      1,280      1,327
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   1/1/2029        450        462
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   9/1/2029        500        506
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2029      1,305      1,349
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2029      1,240      1,281
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   1/1/2030      1,000      1,033
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2030        340        355
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2030      2,305      2,393
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2030      1,500      1,553
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   1/1/2031      1,550      1,603
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2031      1,850      1,920
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2031     67,875     70,570
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project No. 7) 4.000%  12/1/2026      1,800      1,814
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project No. 7) PUT 4.000%  10/1/2052    202,065    203,617
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project No. 8) 4.000%  12/1/2026      3,095      3,097
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project No. 8) 4.000%  12/1/2027      3,220      3,225
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project No. 8) PUT 4.000%  12/1/2029     28,585     28,613
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   8/1/2026      1,000      1,000
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   2/1/2027        255        257
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2027        500        506
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   7/1/2027        175        177
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   8/1/2027      1,050      1,066
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  11/1/2027        405        412
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  12/1/2027        900        918
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   2/1/2028        300        306
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   5/1/2028        830        851
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2028      1,105      1,129
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2028        650        667
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   7/1/2028        325        333
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   8/1/2028      1,575      1,618
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  11/1/2028        720        741
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  12/1/2028        260        268
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2029      1,515      1,559
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2029        460        476
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   7/1/2029        480        495
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  11/1/2029        875        906
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  12/1/2029        500        517
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   5/1/2030      1,500      1,555
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2030      2,140      2,208
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2030        980      1,015
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   7/1/2030      1,200      1,242
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  11/1/2030      1,185      1,231
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  12/1/2030        435        451
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2031      4,280      4,421
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2031      1,275      1,324
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   7/1/2031      1,370      1,419
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  11/1/2031      2,455      2,553
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  12/1/2031        745        774
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2032      4,660      4,842
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   7/1/2032      2,405      2,489
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  11/1/2032      5,585      5,798
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   7/1/2033      9,705     10,036
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) PUT 5.000%   6/1/2028     64,110     65,914
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) PUT 5.500%  12/1/2028     18,145     18,862
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) PUT 5.500%   2/1/2029     37,945     39,554
  Black Belt Energy Gas District Natural Gas Revenue (Project No. 5) 4.000%  10/1/2026        810        814
  Black Belt Energy Gas District Natural Gas Revenue (Project No. 5) PUT 4.000%  10/1/2049     68,250     68,546
  Black Belt Energy Gas District Natural Gas Revenue (Project No. 6) PUT 4.000%  10/1/2052    137,965    139,179
3 Black Belt Energy Gas District Natural Gas Revenue (Project No. 7), SIFMA Municipal Swap Index Yield + 0.350% 2.510%  10/1/2052     48,940     48,918
  Black Belt Energy Gas District Natural Gas Revenue PUT 4.000%   6/1/2027     66,125     66,568
  Black Belt Energy Gas District Natural Gas Revenue PUT 4.000%  10/1/2027     70,240     70,705
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.250%   6/1/2029        150        156
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.250%  10/1/2030      8,845      9,256
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.250%  12/1/2030     13,355     14,200
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.000%   7/1/2031     23,580     24,754
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.250%   9/1/2032      7,500      7,667
1,4 Black Belt Energy Gas District Natural Gas Revenue PUT TOB 3.320%  6/15/2028     70,750     70,750
3 Black Belt Energy Gas District Natural Gas Revenue, 67% of SOFR + 1.400% 3.845%   7/1/2052      2,290      2,297
3 Black Belt Energy Gas District Natural Gas Revenue, SIFMA Municipal Swap Index Yield + 0.650% 2.810%   4/1/2053      6,000      5,967
  Chatom Industrial Development Board Electric Power & Light Revenue PUT 2.800%   8/1/2026      2,800      2,800
  Energy Southeast A Cooperative District Electric Power & Light Revenue 5.000%   9/1/2027      2,935      2,966
  Energy Southeast A Cooperative District Electric Power & Light Revenue 5.000%   3/1/2028      2,385      2,420
  Energy Southeast A Cooperative District Electric Power & Light Revenue 5.000%   9/1/2028      1,800      1,833
  Energy Southeast A Cooperative District Electric Power & Light Revenue 5.000%   3/1/2029      2,900      2,958
  Energy Southeast A Cooperative District Electric Power & Light Revenue 5.000%   9/1/2029      2,735      2,794
  Energy Southeast A Cooperative District Electric Power & Light Revenue 5.000%   3/1/2030      3,000      3,063
  Energy Southeast A Cooperative District Electric Power & Light Revenue 5.000%   9/1/2030      2,500      2,553
  Energy Southeast A Cooperative District Electric Power & Light Revenue 5.000%   9/1/2033     48,020     48,436
  Energy Southeast A Cooperative District Natural Gas Revenue 5.000%  12/1/2026        240        241
  Energy Southeast A Cooperative District Natural Gas Revenue 5.000%   6/1/2027        250        253
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Energy Southeast A Cooperative District Natural Gas Revenue 5.000%  12/1/2027        255        260
  Energy Southeast A Cooperative District Natural Gas Revenue 5.500%   5/1/2028      1,300      1,342
  Energy Southeast A Cooperative District Natural Gas Revenue 5.000%   6/1/2028        475        487
  Energy Southeast A Cooperative District Natural Gas Revenue 5.500%  11/1/2028      1,300      1,355
  Energy Southeast A Cooperative District Natural Gas Revenue 5.000%  12/1/2028        600        618
  Energy Southeast A Cooperative District Natural Gas Revenue 5.500%   5/1/2029        900        942
  Energy Southeast A Cooperative District Natural Gas Revenue 5.000%  11/1/2029        240        248
  Energy Southeast A Cooperative District Natural Gas Revenue 5.000%  11/1/2030      1,000      1,040
  Energy Southeast A Cooperative District Natural Gas Revenue 5.000%  11/1/2031      1,300      1,356
  Energy Southeast A Cooperative District Natural Gas Revenue 5.000%  11/1/2032      1,450      1,515
  Energy Southeast A Cooperative District Natural Gas Revenue PUT 5.750%  11/1/2031      3,535      3,838
  Huntsville Health Care Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   6/1/2030      7,000      7,382
  Lower Alabama Gas District Natural Gas Revenue (Gas Project) 5.000%  12/1/2033     16,115     16,588
  Mobile Alabama Industrial Development Board Industrial Revenue PUT 3.375%  6/26/2029      2,955      2,967
  Phenix City Industrial Development Board Industrial Revenue (MeadWestvaco Coated Board Project) 3.625%  5/15/2030        450        446
  Prattville Industrial Development Board Industrial Revenue PUT 3.450%  10/1/2031        515        512
  Prattville Industrial Development Board Lease (Non-Terminable) Revenue (Union Camp Corp. Project) 5.300%   9/1/2028        505        525
1,4 Public Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.220%   8/6/2026      7,090      7,090
  Selma Industrial Development Board Industrial Revenue PUT 3.450%  10/1/2031      2,270      2,255
  Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 1) 5.000%   4/1/2027      3,925      3,964
  Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 2) 5.000%  11/1/2026        420        422
  Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 2) 5.000%   5/1/2027      1,250      1,264
  Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 2) 5.000%  11/1/2027        600        611
  Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 2) 5.000%   5/1/2028      1,250      1,280
  Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 2) 5.000%  11/1/2028        610        628
  Southeast Energy Authority A Cooperative District Electric Power & Light Revenue 5.000%   1/1/2027        375        376
  Southeast Energy Authority A Cooperative District Electric Power & Light Revenue 5.000%   7/1/2027        375        377
  Southeast Energy Authority A Cooperative District Electric Power & Light Revenue 5.000%   1/1/2028        415        419
  Southeast Energy Authority A Cooperative District Electric Power & Light Revenue 5.000%   7/1/2028        625        632
  Southeast Energy Authority A Cooperative District Electric Power & Light Revenue 5.000%   9/1/2028        475        490
  Southeast Energy Authority A Cooperative District Electric Power & Light Revenue 5.000%   9/1/2029        685        713
  Southeast Energy Authority A Cooperative District Electric Power & Light Revenue PUT 5.250%   1/1/2033        490        500
  Southeast Energy Authority A Cooperative District Natural Gas Revenue 5.000%   8/1/2026        330        330
  Southeast Energy Authority A Cooperative District Natural Gas Revenue 5.000%   8/1/2026      1,000      1,000
  Southeast Energy Authority A Cooperative District Natural Gas Revenue 5.000%  11/1/2026      1,000      1,004
  Southeast Energy Authority A Cooperative District Natural Gas Revenue 5.250%  11/1/2026      1,635      1,642
  Southeast Energy Authority A Cooperative District Natural Gas Revenue 5.000%   2/1/2027        565        570
  Southeast Energy Authority A Cooperative District Natural Gas Revenue 5.000%   8/1/2027      1,535      1,562
  Southeast Energy Authority A Cooperative District Natural Gas Revenue 5.000%  11/1/2027      1,000      1,018
  Southeast Energy Authority A Cooperative District Natural Gas Revenue 5.250%  11/1/2027      4,180      4,274
  Southeast Energy Authority A Cooperative District Natural Gas Revenue 5.000%   2/1/2028        840        860
  Southeast Energy Authority A Cooperative District Natural Gas Revenue 5.000%   8/1/2028      1,115      1,149
  Southeast Energy Authority A Cooperative District Natural Gas Revenue 5.250%  11/1/2028      3,515      3,641
  Southeast Energy Authority A Cooperative District Natural Gas Revenue 5.000%   2/1/2029        885        917
  Southeast Energy Authority A Cooperative District Natural Gas Revenue 5.000%  10/1/2030      2,000      2,120
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 1) 4.000%  10/1/2026        850        851
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 1) PUT 4.000%  10/1/2028     27,030     27,276
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 3) 5.000%  12/1/2026      1,050      1,055
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 3) 5.250%  12/1/2028      2,910      3,016
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 3) PUT 5.500%  12/1/2029        200        211
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 4) PUT 5.000%   8/1/2028      9,690      9,956
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 5) PUT 5.250%   7/1/2029      6,275      6,528
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 6) 5.000%   6/1/2027      1,000      1,015
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 6) 5.000%  12/1/2027        330        337
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 6) 5.000%   6/1/2028      1,200      1,234
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 6) PUT 5.000%   6/1/2030        430        450
3 Southeast Energy Authority A Cooperative District Natural Gas Revenue, 67% of SOFR + 1.790% 4.235%   5/1/2053      1,400      1,401
5 University of South Alabama College & University Revenue 5.000%  11/1/2027      4,185      4,295
5 University of South Alabama College & University Revenue 5.000%  11/1/2028      4,400      4,597
5 University of South Alabama College & University Revenue 5.000%  11/1/2029      4,630      4,905
5 University of South Alabama College & University Revenue 5.000%  11/1/2030      4,860      5,213
5 University of South Alabama College & University Revenue 5.000%  11/1/2031      5,110      5,540
  West Jefferson Industrial Development Board Industrial Revenue (Alabama Power Co. Project) 3.650%   6/1/2028      6,360      6,404
                                     1,362,754
Alaska (0.1%)
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue 5.000%   6/1/2029        265        279
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue 5.000%  12/1/2029        220        233
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue 5.000%   6/1/2030        190        202
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue 5.000%  12/1/2030        190        203
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue 5.000%   6/1/2031        100        108
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (Veterans Mortgage Program) 2.500%   6/1/2027        985        979
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (Veterans Mortgage Program) 2.550%  12/1/2027        995        987
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (Veterans Mortgage Program) 2.650%   6/1/2028      1,010        999
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (Veterans Mortgage Program) 2.700%  12/1/2028      1,025      1,012
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (Veterans Mortgage Program) 2.750%   6/1/2029      1,035      1,021
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (Veterans Mortgage Program) 2.800%  12/1/2029        490        479
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (Veterans Mortgage Program) 3.000%   6/1/2030        300        294
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (Veterans Mortgage Program) 3.050%  12/1/2030        540        529
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (Veterans Mortgage Program) 3.200%   6/1/2031      1,035      1,029
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue (Veterans Mortgage Program) 3.300%  12/1/2031      1,015        981
  Northern Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/2030        750        803
                                        10,138
American Samoa (0.0%)
1 American Samoa Economic Development Authority Income Tax Revenue 5.000%   9/1/2026        215        215
1 American Samoa Economic Development Authority Income Tax Revenue 5.000%   9/1/2027        275        278
1 American Samoa Economic Development Authority Income Tax Revenue 5.000%   9/1/2028        230        235
1 American Samoa Economic Development Authority Income Tax Revenue 5.000%   9/1/2029        235        241
1 American Samoa Economic Development Authority Income Tax Revenue 5.000%   9/1/2030      1,160      1,195
1 American Samoa Economic Development Authority Income Tax Revenue 5.000%   9/1/2031        285        294
                                         2,458
Arizona (1.6%)
1,4 Arizona Health Facilities Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.360%   8/6/2026      2,163      2,163
  Arizona IDA Charter School Aid Revenue 4.000%  11/1/2027        150        150
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/2028      8,915      9,216
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/2029      3,000      3,147
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/2032        350        380
1 Arizona IDA Charter School Aid Revenue (Academics of Math & Science Projects) 5.000%   7/1/2032        195        199
  Arizona IDA Charter School Aid Revenue (Lehman Academy of Excellence Projects) 4.000%   7/1/2027      1,250      1,247
  Arizona IDA Charter School Aid Revenue (Lehman Academy of Excellence Projects) 4.000%   7/1/2027        230        229
  Arizona IDA Local or Guaranteed Housing Revenue 3.625%  5/20/2033     26,356     26,077
  Arizona IDA Local or Guaranteed Housing Revenue (Glendale Senior Project) PUT 5.000%  10/1/2026      8,061      8,064
  Arizona IDA Local or Guaranteed Housing Revenue (Ironwood Ranch Apartments) PUT 5.000%   9/1/2026      5,138      5,145
  Arizona IDA Local or Guaranteed Housing Revenue (The Ranches at Gunsmoke Project) PUT 5.000%  11/1/2026      5,926      5,954
  Arizona IDA Local or Guaranteed Housing Revenue PUT 5.000%   1/1/2027     18,000     18,082
  Arizona IDA Local or Guaranteed Housing Revenue PUT 2.760%   7/1/2029      8,400      8,275
1,4 Arizona IDA Local or Guaranteed Housing Revenue TOB VRDO 2.390%   8/6/2026      3,395      3,395
1,4 Arizona IDA Multifamily Housing Local or Guaranteed Housing Revenue TOB VRDO 2.390%   8/6/2026      4,582      4,582
1,4 Arizona IDA Multifamily Housing Local or Guaranteed Housing Revenue TOB VRDO 2.390%   8/6/2026      3,420      3,420
1,4 Arizona IDA Multifamily Housing Local or Guaranteed Housing Revenue TOB VRDO 2.390%   8/6/2026      3,325      3,325
1,4 Arizona IDA Multifamily Local or Guaranteed Housing Revenue TOB VRDO 2.390%   8/6/2026      5,260      5,260
1,4 Arizona IDA Multifamily Local or Guaranteed Housing Revenue TOB VRDO 2.390%   8/6/2026      3,800      3,800
1,4 Arizona IDA Multifamily Local or Guaranteed Housing Revenue TOB VRDO 2.390%   8/6/2026      4,700      4,700
1,4 Arizona IDA Multifamily Local or Guaranteed Housing Revenue TOB VRDO 2.390%   8/6/2026      3,565      3,565
1,4 Arizona IDA Multifamily Local or Guaranteed Housing Revenue TOB VRDO 2.390%   8/6/2026      1,475      1,475
1,4 Arizona IDA Multifamily Local or Guaranteed Housing Revenue TOB VRDO 2.390%   8/6/2026      1,970      1,970
1,4 Arizona IDA Multifamily Local or Guaranteed Housing Revenue TOB VRDO 2.460%   8/6/2026      4,037      4,037
1,6 Arizona IDA Recreational Revenue (Legacy Cares Inc. Project) 6.250%   7/1/2024      2,580          3
1,6 Arizona IDA Recreational Revenue (Legacy Cares Inc. Project) 6.375%   7/1/2025      1,935          2
1,6 Arizona IDA Recreational Revenue (Legacy Cares Inc. Project) 6.500%   7/1/2026      1,935          2
  Chandler IDA Industrial Revenue (Intel Corp. Project) PUT 3.800%  6/15/2028     12,755     12,871
1,4 Glendale Arizona IDA Health, Hospital, Nursing Home Revenue TOB VRDO 2.460%   8/6/2026     11,945     11,945
  Maricopa County AZ 2.620% 10/14/2026     30,000     29,993
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   1/1/2031      4,695      4,736
5 Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   1/1/2031      4,280      4,575
5 Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   1/1/2032      2,755      2,972
5 Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   1/1/2033        300        326
  Maricopa County IDA Health, Hospital, Nursing Home Revenue PUT 5.000%  5/15/2028     11,000     11,346
  Maricopa County IDA Local or Guaranteed Housing Revenue (Marbella Ranch Phase I Project) PUT 2.810%   5/1/2029      4,065      4,006
1,4 Maricopa County IDA Local or Guaranteed Housing Revenue TOB VRDO 2.460%   8/6/2026      4,275      4,275
  Maricopa County Pollution Control Corp. Electric Power & Light Revenue (Palo Verde Project) PUT 0.875%  10/1/2026      2,530      2,521
  Maricopa County Pollution Control Corp. Electric Power & Light Revenue (Palo Verde Project) PUT 0.875%  10/1/2026      1,445      1,440
  Maricopa County Pollution Control Corp. Electric Power & Light Revenue (Palo Verde Project) PUT 3.875%   6/1/2029      2,340      2,374
  Maricopa County School District No. 83-Cartwright Elementary Lease (Appropriation) Revenue 2.000%  10/1/2028      1,025        987
  Phoenix Arizona IDA Local or Guaranteed Housing Revenue (Memorial Towers Project) 3.350%  12/1/2027      1,920      1,925
  Phoenix Arizona IDA Local or Guaranteed Housing Revenue PUT 3.100%   2/1/2028      4,265      4,262
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 4.000%   7/1/2028      3,750      3,757
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 4.000%   7/1/2029        100        100
  Pima County IDA Local or Guaranteed Housing Revenue PUT 2.710%   4/1/2028      4,080      4,041
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Queen Creek AZ Excise Tax Sales Tax Revenue, Prere. 5.000%   8/1/2026        330        330
1 Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue TOB VRDO 2.190%   8/6/2026      5,000      5,000
1 Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue TOB VRDO 2.190%   8/6/2026      4,755      4,755
1 Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue TOB VRDO 2.190%   8/6/2026      3,000      3,000
1 Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue TOB VRDO 2.190%   8/6/2026      2,080      2,080
  Salt Verde Financial Corp. Natural Gas Revenue 5.250%  12/1/2026      1,775      1,786
  Salt Verde Financial Corp. Natural Gas Revenue 5.250%  12/1/2027     12,450     12,743
  Salt Verde Financial Corp. Natural Gas Revenue 5.250%  12/1/2028         90         93
  Tempe IDA Health, Hospital, Nursing Home Revenue 3.500%  12/1/2030      2,525      2,497
  Tempe IDA Health, Hospital, Nursing Home Revenue 3.750%  12/1/2031      4,010      3,971
  Tempe IDA Health, Hospital, Nursing Home Revenue (Friendship Village of Tempe Project) 4.000%  12/1/2029        380        384
  Tucson IDA Local or Guaranteed Housing Revenue (Lariat Village Project) PUT 3.050%  10/1/2028      1,000        997
  Yavapai County IDA Resource Recovery Revenue (Republic Services Inc. Project) PUT 2.550%   9/1/2026     12,500     12,500
  Yavapai County IDA Revenue 4.000%  10/1/2026      2,215      2,218
                                       288,670
Arkansas (0.1%)
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2026      4,000      4,005
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2027        745        745
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2027        765        770
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2028        750        764
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2029      1,530      1,550
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   9/1/2027      3,380      3,427
  Arkansas Development Finance Authority Local or Guaranteed Housing Revenue PUT 2.875%  5/15/2027      3,885      3,879
  Arkansas Development Finance Authority Local or Guaranteed Housing Revenue PUT 3.550%   6/1/2027      2,045      2,051
  Baxter County AR Health, Hospital, Nursing Home Revenue 5.000%   9/1/2026      1,990      1,991
  Pulaski County AR Health, Hospital, Nursing Home Revenue 5.000%   3/1/2034        100        100
  Searcy AR Sales & Use Tax Sales Tax Revenue 5.000%  11/1/2027      1,030      1,055
  Searcy AR Sales & Use Tax Sales Tax Revenue 5.000%  11/1/2028      1,310      1,365
                                        21,702
California (9.2%)
  Alameda County Oakland Unified School District GO 5.000%   8/1/2026      1,315      1,315
  Alameda County Oakland Unified School District GO 5.000%   8/1/2026      1,200      1,200
  Alameda County Oakland Unified School District GO 5.000%   8/1/2026        200        200
  Alameda County Oakland Unified School District GO 5.000%   8/1/2027      8,000      8,192
  Alameda County Oakland Unified School District GO 5.000%   8/1/2027     13,390     13,712
  Alameda County Oakland Unified School District GO 5.000%   8/1/2027     18,150     18,587
  Alameda County Oakland Unified School District GO 5.000%   8/1/2028      5,000      5,236
  Alameda County Oakland Unified School District GO 5.000%   8/1/2028     10,385     10,874
  Alameda County Oakland Unified School District GO 5.000%   8/1/2028     19,050     19,947
  Alameda County Oakland Unified School District GO 5.000%   8/1/2029      2,435      2,593
  Alameda County Oakland Unified School District GO 5.000%   8/1/2029     19,825     21,110
2 Amador Water Agency Water Revenue 5.000%   6/1/2027        400        408
2 Anaheim Public Financing Authority Lease (Abatement) Revenue (Anaheim Public Improvements Project) 5.000%   9/1/2026      1,000      1,002
  Antelope Valley Healthcare District Health, Hospital, Nursing Home Revenue 5.000%   3/1/2031      2,765      2,728
7 Atwater Elementary School District GO 0.000%   8/1/2029      1,025        933
  Bay Area Toll Authority Highway Revenue 4.000%   4/1/2032      1,435      1,443
  Bay Area Toll Authority Highway Revenue PUT 2.000%   4/1/2028      6,400      6,280
3 Bay Area Toll Authority Highway Revenue, SIFMA Municipal Swap Index Yield + 0.300% 2.460%   4/1/2056     11,125     11,095
3 Bay Area Toll Authority Highway Revenue, SIFMA Municipal Swap Index Yield + 0.410% 2.570%   4/1/2056      9,000      8,946
3 Bay Area Toll Authority Highway Revenue, SIFMA Municipal Swap Index Yield + 1.250% 3.410%   4/1/2036     35,375     35,415
  Burbank Unified School District GO 4.500%   8/1/2032      2,640      2,640
  California Community Choice Financing Authority Electric Power & Light Revenue 4.000%   8/1/2026      1,250      1,250
  California Community Choice Financing Authority Electric Power & Light Revenue 4.000%   8/1/2026        315        315
  California Community Choice Financing Authority Electric Power & Light Revenue 4.000%   8/1/2027        300        302
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   3/1/2028      1,000      1,024
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%  11/1/2028        450        464
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   2/1/2029        250        258
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   7/1/2029        205        214
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   2/1/2030        750        778
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   7/1/2030        125        132
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   2/1/2031     65,000     68,091
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   2/1/2031        535        557
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   7/1/2031        140        149
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   7/1/2032        120        128
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   7/1/2033        300        322
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%  12/1/2026      1,105      1,108
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   3/1/2027        875        885
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   9/1/2027        900        915
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   9/1/2027      8,120      8,280
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%  12/1/2027      1,750      1,770
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   3/1/2028      1,640      1,679
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   9/1/2028      1,560      1,607
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   9/1/2028      3,635      3,758
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%  10/1/2028      1,750      1,793
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%  12/1/2028      1,215      1,236
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   3/1/2031        500        521
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 4.000%  12/1/2027     66,140     66,617
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   8/1/2029      5,295      5,480
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   8/1/2029     51,180     53,047
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.250%   4/1/2030      4,890      5,105
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%  12/1/2032     36,635     37,383
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 4.000%   8/1/2028     19,385     19,553
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.500%  11/1/2028    163,770    169,684
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 4.000%   8/1/2031      9,750      9,743
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%   8/1/2032     33,645     34,302
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2033        400        417
  California Educational Facilities Authority College & University Revenue 5.000%   4/1/2027        365        369
1 California Enterprise Development Authority Lease (Abatement) Revenue TOB VRDO 2.190%   8/6/2026      3,515      3,515
  California GO 5.000%   8/1/2026        100        100
  California GO 4.000%   9/1/2032        885        885
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2027      2,200      2,201
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2028        200        200
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/2028      7,625      7,629
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2028        250        251
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2028      5,240      5,448
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2031        350        351
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031     11,050     11,790
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2032      1,250      1,255
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2032      2,775      2,980
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2027      5,095      5,204
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   9/1/2028      8,700      8,922
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2030     59,815     63,720
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2032      4,275      4,643
1,4 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.250%   8/6/2026     12,735     12,735
1,4 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.410%   8/6/2026      5,395      5,395
3 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap Index Yield + 2.500% 4.660% 11/15/2051      3,950      3,954
8 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.200%   8/1/2027        300        301
8 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.300%   2/1/2028        855        857
8 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.350%   8/1/2028        545        547
8 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.400%   2/1/2029        585        587
8 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.450%   8/1/2029        920        923
8 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.500%   2/1/2030        460        462
8 California Housing Finance Agency Local or Guaranteed Housing Revenue 3.600%   8/1/2030        955        958
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%  3/20/2033      8,910      8,977
  California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.250%   7/1/2027     14,000     14,017
  California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.950%  12/1/2029        275        273
1,4 California Housing Finance Agency Multifamily Housing Local or Guaranteed Housing Revenue TOB VRDO 2.410%   8/6/2026      9,260      9,260
  California Infrastructure & Economic Development Bank Miscellaneous Revenue PUT 3.000%  10/1/2026        250        250
3 California Infrastructure & Economic Development Bank Private Schools Revenue, SIFMA Municipal Swap Index Yield + 0.900% 3.060%   8/1/2072     21,535     21,531
  California Municipal Finance Authority College & University Revenue 5.000%   1/1/2027         15         15
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2026      2,595      2,608
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2027        290        293
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2027      1,365      1,396
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2028        305        313
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2028        100        100
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2028      1,430      1,484
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2029        320        331
5 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2029        150        155
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2030        335        349
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030      1,000      1,011
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2032        150        160
1,4,9 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.230%   8/6/2026      7,115      7,115
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.200%   8/1/2027      1,500      1,500
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 2.750%   9/1/2027        115        114
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.150%  10/1/2027      2,600      2,604
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 2.950%   1/1/2028      6,020      6,006
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.050%   6/1/2028      1,078      1,076
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.000%  10/1/2028      1,638      1,632
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.000%   2/1/2029     15,000     14,954
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.000%   7/1/2029        325        324
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 2.950%  10/1/2029      1,670      1,658
1,4 California Municipal Finance Authority Multifamily Housing Local or Guaranteed Housing Revenue TOB VRDO 2.410%   8/6/2026      8,025      8,025
1 California Municipal Finance Authority Resource Recovery Revenue (Waste Management Inc. Project) PUT 3.300%   2/1/2028      1,800      1,800
  California Municipal Finance Authority Special Tax Revenue (Bold Program) 4.000%   9/1/2030        150        148
  California Pollution Control Financing Authority Water Revenue PUT 3.700%   9/1/2028      1,250      1,264
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2029        750        786
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 10/15/2029        700        701
  California Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2030        450        476
1 California Public Finance Authority Lease Revenue TOB VRDO 2.230%   8/6/2026      5,250      5,250
1 California Public Finance Authority Local or Guaranteed Housing Revenue PUT 5.100%   4/1/2033     12,945     12,958
1,4 California Public Finance Authority Local or Guaranteed Housing Revenue, SIFMA Municipal Swap Index Yield + 0.250% 2.410%   8/6/2026     15,905     15,905
1 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2029        500        500
1 California School Finance Authority Charter School Aid Revenue GAN 4.400%  12/1/2026      2,085      2,086
1 California School Finance Authority Local or Guaranteed Housing Revenue (Sonoma County Junior College District Project) 4.000%  11/1/2031        580        577
  California State University College & University Revenue 5.000%  11/1/2028      6,685      7,039
  California State University College & University Revenue PUT 2.900%  11/1/2029     17,445     17,373
  California State University College & University Revenue PUT 2.900%  11/1/2029     16,160     16,094
  California State University College & University Revenue PUT 3.150%  11/1/2032      1,985      1,965
  California State University College & University Revenue PUT 0.550%  11/1/2049     12,685     12,621
  California State University College & University Revenue PUT 3.125%  11/1/2051      3,000      3,003
1 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2028    118,415    123,262
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.250%  12/1/2029        820        821
1 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030     21,000     22,426
1 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031      1,000      1,001
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   3/1/2027      1,085      1,086
1,4 California Statewide Communities Development Authority Local or Guaranteed Housing Revenue TOB VRDO 2.340%   8/6/2026      4,205      4,205
5 Campbell Union High School District GO 5.000%   8/1/2027        205        209
5 Campbell Union High School District GO 5.000%   8/1/2029      1,915      2,028
5 Campbell Union High School District GO 5.000%   8/1/2031      1,000      1,090
9 Center Unified School District GO 4.000%   8/1/2026        100        100
  Central Valley Energy Authority Natural Gas Revenue 5.000%   8/1/2029        135        140
  Central Valley Energy Authority Natural Gas Revenue 5.000%   8/1/2030        265        275
  Central Valley Energy Authority Natural Gas Revenue 5.000%   8/1/2031        325        339
  Chino Community Facilities District Special Tax Revenue 5.000%   9/1/2027        230        235
  Chino Community Facilities District Special Tax Revenue 5.000%   9/1/2028        245        253
  Chino Community Facilities District Special Tax Revenue 5.000%   9/1/2029        255        266
  Chino Community Facilities District Special Tax Revenue 5.000%   9/1/2030        270        284
  Chino Community Facilities District Special Tax Revenue 5.000%   9/1/2031        285        299
  East County Advanced Water Purification Joint Powers Authority Water Revenue 3.125%   9/1/2026      6,650      6,649
  Imperial County CA Special Tax Revenue 2.500%   9/1/2028        160        154
  Imperial County CA Special Tax Revenue 4.000%   9/1/2029        155        152
  Los Angeles CA Miscellaneous Taxes Revenue TRAN 5.000%  6/24/2027     41,670     42,551
  Los Angeles County Development Authority Local or Guaranteed Housing Revenue PUT 3.350%   9/1/2029      4,705      4,713
  Los Angeles Department of Water & Power Electric Power & Light Revenue 4.000%   7/1/2027        890        899
  Los Angeles Department of Water & Power Electric Power & Light Revenue 4.000%   7/1/2027        345        349
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027        280        285
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027        375        382
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027        965        984
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027      2,695      2,718
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027      2,665      2,716
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027      2,970      3,027
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027        885        902
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027        400        403
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027        750        764
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027        525        535
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028      1,270      1,320
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028        980      1,019
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028      2,280      2,370
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028        720        741
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028        340        353
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028        575        598
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028      1,535      1,548
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028        510        530
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028      9,840     10,125
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029      1,025      1,082
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029        585        618
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029        265        280
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029        290        292
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029        415        423
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029        825        848
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029        470        492
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029        210        212
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029        900        950
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029      4,055      4,281
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029      1,920      2,027
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030        355        379
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030      2,255      2,350
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030     42,800     45,374
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031      7,240      7,293
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/2027      3,050      3,085
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2027        500        510
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2027        315        321
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2027        965        985
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2027      2,230      2,275
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2027      3,210      3,275
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2027        740        755
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/2028      2,085      2,133
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2028      2,140      2,229
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2028      1,025      1,068
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2028        570        575
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2028        725        747
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2028      1,825      1,901
  Los Angeles Department of Water & Power Water System Water Revenue 4.000%   7/1/2029      7,385      7,558
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2029      1,745      1,759
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   1/1/2030     10,000     10,516
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2030      7,585      8,104
  Los Angeles Housing Authority Local or Guaranteed Housing Revenue PUT 3.000%   7/1/2029        160        159
1 Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue TOB VRDO 2.210%   8/6/2026      3,025      3,025
  Manteca Unified School District GO 5.000%   8/1/2026        250        250
1 Modesto Irrigation District Lease (Non-Terminable) Revenue TOB VRDO 2.190%   8/6/2026      3,750      3,750
  Murrieta Valley Unified School District Public Financing Authority Special Tax Revenue 5.000%   9/1/2030        100        100
9 Natomas Unified School District GO 5.000%   8/1/2032        165        165
  Northern California Energy Authority Natural Gas Revenue 5.000%   8/1/2026        500        500
  Northern California Energy Authority Natural Gas Revenue 5.000%   8/1/2027        735        746
  Northern California Energy Authority Natural Gas Revenue 5.000%   8/1/2028      1,500      1,543
  Northern California Energy Authority Natural Gas Revenue PUT 5.000%   8/1/2030     27,690     28,934
1 Nuveen California AMT-Free Quality Municipal Income Fund Miscellaneous Revenue VRDO VRDP 2.610%   8/3/2026     22,100     22,100
  Orange County Community Facilities District Special Tax Revenue 5.000%  8/15/2027         35         36
  Orange County Community Facilities District Special Tax Revenue 5.000%  8/15/2028         70         72
  Orange County Community Facilities District Special Tax Revenue 5.000%  8/15/2029        100        104
  Orange County Community Facilities District Special Tax Revenue 5.000%  8/15/2030        115        120
  Orange County Community Facilities District Special Tax Revenue 5.000%  8/15/2031        150        156
  Oxnard School District BAN GO 0.000%   2/1/2031        815        698
  Palomar Health GO 5.000%   8/1/2028        665        665
  Palomar Health, Hospital, Nursing Home Revenue 5.000%  11/1/2027      1,600      1,601
7 Porterville Unified School District Facilities Improvement District GO 0.000%   8/1/2029      1,135      1,031
1,4 Public Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.220%   8/6/2026      8,805      8,805
  Rialto CA Special Tax Revenue 4.000%   9/1/2031        115        111
  Riverside Community College District GO 4.000%   8/1/2026        100        100
  Romoland School District Special Tax Revenue 5.000%   9/1/2026      1,655      1,657
  Roseville CA Special Tax Revenue 2.250%   9/1/2027        500        490
1,4,10 Sacramento City Financing Authority Lease (Abatement) Revenue TOB VRDO 2.200%   8/6/2026     17,350     17,350
  Sacramento County CA Special Tax Revenue 5.000%   9/1/2026      3,850      3,855
  San Diego Housing Authority Inc. Local or Guaranteed Housing Revenue PUT 5.000%  11/1/2026      6,850      6,880
1 San Diego Public Facilities Financing Authority Lease (Abatement) Revenue TOB VRDO 2.160%   8/6/2026        935        935
  San Diego Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2028        500        501
  San Diego Redevelopment Agency Successor Agency Tax Increment/Allocation Revenue 5.000%   9/1/2029        405        405
  San Francisco CA City & County Local or Guaranteed Housing Revenue PUT 3.350%   8/1/2028      3,575      3,597
1,4 San Francisco CA City & County Public Utilities Commission Power Electric Power & Light Revenue TOB VRDO 2.410%   8/6/2026      1,140      1,140
1,4 San Francisco City & County Local or Guaranteed Housing Revenue TOB VRDO 2.340%   8/6/2026     18,251     18,251
1,4 San Francisco City & County Local or Guaranteed Housing Revenue TOB VRDO 2.340%   8/6/2026     31,210     31,210
  San Joaquin Valley Clean Energy Authority Electric Power & Light Revenue 5.000%   7/1/2027        125        127
  San Joaquin Valley Clean Energy Authority Electric Power & Light Revenue 5.000%   7/1/2028        500        513
  San Jose CA Local or Guaranteed Housing Revenue PUT 3.000%   3/1/2029     14,900     14,860
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  San Jose CA Local or Guaranteed Housing Revenue PUT 3.050%   5/1/2029     23,284     23,086
  San Lorenzo Unified School District GO 4.000%   8/1/2030        100        100
2 San Luis Obispo County Financing Authority Water Revenue 5.000%   8/1/2030        625        626
7 San Ysidro School District GO 0.000%   8/1/2027        100         97
  Solano County Community College District GO 5.125%   8/1/2041        500        521
9 South Monterey County Joint Union High School District GO 4.000%   8/1/2026        100        100
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%  11/1/2029        600        623
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2030      1,060      1,133
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2031      1,100      1,189
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%  11/1/2031      1,465      1,532
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2032        625        681
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%  11/1/2032        500        523
  Southern California Public Power Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   9/1/2026        500        501
  Southern California Public Power Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   9/1/2027        500        507
  Southern California Public Power Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   9/1/2028      1,000      1,024
  Southern California Public Power Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   9/1/2030     56,370     58,482
  Southern California Public Power Authority Electric Power & Light Revenue (Southern Transmission System Renewal Project) 5.000%   7/1/2030        985      1,052
  Southern California Public Power Authority Intergovernmental Agreement Revenue (Canyon Power Project) PUT 3.700%   7/1/2027      2,540      2,542
  Southern California Public Power Authority Intergovernmental Agreement Revenue PUT 5.000%   7/1/2029      7,000      7,291
  Stockton Unified School District GO 5.000%   8/1/2026        150        150
  Tahoe-Truckee Unified School District GO 5.000%   8/1/2039        200        200
  Tracy CA Community Facilities District Special Tax Revenue 5.000%   9/1/2029         75         77
9 Tustin Unified School District Special Tax Revenue 5.000%   9/1/2026      4,445      4,453
9 Tustin Unified School District Special Tax Revenue 5.000%   9/1/2027      3,345      3,433
2 Twin Rivers Unified School District GO 5.000%   8/1/2026        115        115
  University of California College & University Revenue 5.000% 11/15/2027      2,070      2,136
  University of California College & University Revenue 5.000% 11/15/2027        635        655
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   4/1/2027        485        491
  Vernon CA Electric System Electric Power & Light Revenue 5.000%  10/1/2027        200        204
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027        730        740
  Westside Union School District GO 5.000%   8/1/2026        250        250
  Yolo County CA Washington Unified School District GO 5.000%   8/1/2026        100        100
                                     1,677,941
Colorado (1.6%)
  Adams County Housing Authority Local or Guaranteed Housing Revenue (Verrbena Project) 4.000%   4/1/2029      1,170      1,177
  Adams County Housing Authority Local or Guaranteed Housing Revenue PUT 2.750%  11/1/2026      1,800      1,800
  Arkansas River Power Authority Electric Power & Light Revenue 5.000%  10/1/2030        500        514
2 Baseline Metropolitan District No. 1 GO 5.000%  12/1/2026      1,185      1,193
  Boulder CO Storm Water & Flood Management Water Revenue 3.000%  12/1/2029        520        510
  Broomfield CO City & County Sales & Use Sales Tax Revenue 3.000%  12/1/2026      1,685      1,683
1 Centerra Metropolitan District No. 1 Tax Increment/Allocation Revenue 5.000%  12/1/2029      4,768      4,774
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2026        370        372
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2026      1,400      1,410
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2027        715        732
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2027        400        409
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2027        650        667
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2028        500        518
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2029     10,000     10,508
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2029     17,650     18,601
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2029        450        471
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 3.500%  5/15/2030        450        438
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2030        360        381
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2030        830        889
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2032     14,000     15,063
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (CRAIG Hospital Project) 5.000%  12/1/2027      1,075      1,099
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   8/1/2026      5,055      5,055
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/17/2026     30,065     30,089
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2026         95         96
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2028      5,000      5,206
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2028     17,000     17,709
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2030     20,000     21,480
1,3 Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue, 70% of TSFR1M + 1.500% 4.052%   2/1/2046     30,175     30,187
3 Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap Index Yield + 0.550% 2.710%  5/15/2061     15,995     15,995
1,4 Colorado Health Facilities Authority Revenue TOB VRDO 2.190%   8/6/2026      7,640      7,640
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue 3.250%  10/1/2028      5,275      5,262
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue (Albion Apartments Project) PUT 3.375%   7/1/2028      4,050      4,059
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue (Creekside Flats Project) PUT 3.000%  11/1/2029      1,400      1,377
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue (Multifamily Project) 3.150%   4/1/2029      3,455      3,429
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue PUT 3.500%  11/1/2026      2,550      2,551
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue PUT 3.180%   9/1/2027        750        751
1,4 Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue TOB VRDO 2.210%   8/6/2026      2,782      2,782
2 Colorado Science & Technology Park Metropolitan District No. 1 Intergovernmental Agreement Revenue 5.000%  12/1/2026        500        503
2 Colorado Science & Technology Park Metropolitan District No. 1 Intergovernmental Agreement Revenue 5.000%  12/1/2028        500        520
2 Colorado Science & Technology Park Metropolitan District No. 1 Intergovernmental Agreement Revenue 5.000%  12/1/2029        465        490
2 Colorado Science & Technology Park Metropolitan District No. 1 Intergovernmental Agreement Revenue 5.000%  12/1/2030        280        298
2 Colorado Science & Technology Park Metropolitan District No. 1 Intergovernmental Agreement Revenue 5.000%  12/1/2031        515        551
  Colorado Springs CO Local or Guaranteed Housing Revenue PUT 3.150%  12/1/2029      4,295      4,237
  Denver City & County Housing Authority Local or Guaranteed Housing Revenue 5.000%   7/1/2027      3,750      3,755
  Denver City & County Housing Authority Local or Guaranteed Housing Revenue (4965 Washington Street Project) 5.000%   6/1/2029        705        729
  Denver Convention Center Hotel Authority Economic Development Revenue 5.000%  12/1/2027      2,250      2,261
  Denver Convention Center Hotel Authority Economic Development Revenue 5.000%  12/1/2028      4,205      4,225
1 Denver Health & Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2028      3,000      3,056
3 E-470 Public Highway Authority Highway Revenue, 67% of SOFR + 0.700% 3.145%   9/1/2039      3,960      3,950
1 El Paso County School District No. 49 Falcon COP TOB VRDO 2.410%   8/6/2026      1,105      1,105
  Fort Collins Housing Authority Local or Guaranteed Housing Revenue (Village Eastbrook Apartments Project) 3.450%   5/1/2030        900        881
9 Fort Morgan CO Wastewater Sewer Revenue 5.000%  12/1/2030        290        310
9 Fort Morgan CO Wastewater Sewer Revenue 5.000%  12/1/2031        340        366
9 Fort Morgan CO Wastewater Sewer Revenue 5.000%  12/1/2032        140        151
  Garfield County School District No. Re002 Garfield GO 4.000%  12/1/2028      1,000      1,001
  Garfield Pitkin & Eagle Counties School District No. Re-1 Roaring Fork GO 2.500% 12/15/2027      1,025      1,012
2 Park Creek Metropolitan District Tax Increment/Allocation Revenue 5.000%  12/1/2026        425        428
  Regional Transportation District Sales Tax Revenue 5.000%  1/15/2029        530        549
  Regional Transportation District Sales Tax Revenue 5.000%  1/15/2031        125        132
  University of Colorado College & University Revenue PUT 2.000% 10/15/2026      4,460      4,449
  University of Colorado Hospital Authority Health, Hospital, Nursing Home Revenue VRDO 2.500%   8/5/2026     31,115     31,115
1 Vail CO COP TOB VRDO 2.210%   8/6/2026     10,730     10,730
  Weld County School District No. RE-4 GO 5.000%  12/1/2031      1,500      1,510
                                       295,191
Connecticut (0.6%)
  Aquarion Water Authority Water Revenue 5.250%   2/1/2029      2,790      2,942
  Aquarion Water Authority Water Revenue 5.000%   8/1/2029        615        649
  Aquarion Water Authority Water Revenue 5.000%   8/1/2032        200        217
  Connecticut GO 5.000% 10/15/2033        535        537
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue 3.450% 11/15/2027        340        341
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue 3.550%  5/15/2028        390        392
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue 3.600% 11/15/2028        100        100
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.350%  5/15/2027        825        825
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.850%  5/15/2027      6,465      6,468
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.300%  5/15/2028      1,695      1,699
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.100% 11/15/2028      4,910      4,893
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.750%  5/15/2029      4,975      4,889
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/2029        300        304
  Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 2.950%   7/1/2027        450        451
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031        470        497
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031     12,885     13,910
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.400% 12/15/2031      1,165      1,168
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.600% 12/15/2032      2,450      2,455
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   1/1/2027      6,820      6,867
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/2029      2,000      2,108
  East Lyme CT BAN GO 4.000%   8/6/2026     16,481     16,482
  Enfield CT BAN GO 4.000%  7/28/2027      7,750      7,838
1,4 New Haven CT GO PUT TOB 2.340% 10/22/2026      4,750      4,750
  Norwalk Housing Authority Local or Guaranteed Housing Revenue PUT 3.050%   9/1/2027     18,090     18,095
  Stamford Housing Authority Health, Hospital, Nursing Home Revenue (Mozaic Concierge Living Project) 4.250%  10/1/2030      4,000      4,025
  Waterbury Housing Authority Local or Guaranteed Housing Revenue PUT 3.000%   5/1/2029      1,125      1,114
                                       104,016
Delaware (0.0%)
  Delaware State Housing Authority Local or Guaranteed Housing Revenue 2.700%   7/1/2027        245        245
  Delaware State Housing Authority Local or Guaranteed Housing Revenue 2.800%   1/1/2028        465        464
  Delaware State Housing Authority Local or Guaranteed Housing Revenue 2.850%   7/1/2028        255        254
  Delaware State Housing Authority Local or Guaranteed Housing Revenue 2.950%   1/1/2029        250        249
  Delaware State Housing Authority Local or Guaranteed Housing Revenue 2.950%   7/1/2029        340        337
  Delaware State Housing Authority Local or Guaranteed Housing Revenue 3.100%   1/1/2030        260        258
  Delaware State Housing Authority Local or Guaranteed Housing Revenue 3.150%   7/1/2030        245        242
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Delaware Transportation Authority Fuel Sales Tax Revenue 5.000%   7/1/2027        260        260
                                         2,309
District of Columbia (1.2%)
  District of Columbia College & University Revenue 5.000%   4/1/2030      1,530      1,548
  District of Columbia College & University Revenue 5.000%   4/1/2031      2,490      2,517
  District of Columbia College & University Revenue 5.000%   4/1/2032        250        253
  District of Columbia Health, Hospital, Nursing Home Revenue 5.000%  7/15/2029      4,370      4,391
  District of Columbia Health, Hospital, Nursing Home Revenue 5.000%  7/15/2030      6,630      6,659
  District of Columbia Health, Hospital, Nursing Home Revenue 5.000%  7/15/2031      1,115      1,119
  District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue (2911 Rhode Island Apartments Project) 5.000%   3/1/2028      1,702      1,749
  District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue (Hillsdale Flats Phase I Project) PUT 3.150%   2/1/2029        775        774
  District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue (Paxton Project) PUT 3.200%  12/1/2026      1,075      1,075
  District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue (Wagner Senior Residence Project) 2.950%   9/1/2028      2,250      2,239
8 District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.000%   9/1/2026        500        500
  District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue PUT 5.000%  10/1/2026      9,175      9,188
  District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue PUT 5.000%  12/1/2027      5,634      5,774
  District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue PUT 5.000%   2/1/2028      1,850      1,898
8 District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue PUT 4.400%   9/1/2028     16,550     16,875
  District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.150%  11/1/2028      3,900      3,895
8 District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.125%   3/1/2031      1,945      1,900
1,4 District of Columbia Housing Finance Agency Revenue TOB VRDO 2.560%   8/6/2026      7,100      7,100
  District of Columbia Water & Sewer Authority Water Revenue PUT 3.000%  10/1/2027     12,885     12,848
4 Metropolitan Washington Airports Authority Aviation Port, Airport & Marina Revenue VRDO 2.160%   8/6/2026      1,640      1,640
1,4 Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue (Dulles Metrorail & Capital Improvements Projects) TOB VRDO 2.270%   8/6/2026     65,900     65,900
1,2 Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue (Dulles Metrorail & Capital Improvements Projects) TOB VRDO 2.280%   8/6/2026      5,455      5,455
1,9 Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue TOB VRDO 2.280%   8/6/2026     39,269     39,269
2 Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue, Prere. 6.500%  10/1/2026        500        503
  Washington Convention & Sports Authority Miscellaneous Taxes Revenue 5.000%  10/1/2030      1,500      1,534
1 Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue TOB VRDO 3.080%   8/3/2026     15,000     15,000
1 Washington Metropolitan Area Transit Authority Dedicated Appropriations Revenue TOB VRDO 2.190%   8/6/2026      4,745      4,745
                                       216,348
Florida (4.1%)
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/2026        240        240
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2026      1,450      1,458
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 3.625%  10/1/2030        275        275
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 3.750%  10/1/2030        200        200
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/2030        135        135
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/2031        110        111
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031      5,000      5,243
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  12/1/2026      2,195      2,197
  Brevard County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031     16,335     17,465
  Broward County FL School District COP 5.000%   7/1/2031        105        107
  Broward County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.150%   3/1/2027      2,275      2,275
  Cape Coral FL Water & Sewer Special Assessment Revenue 2.850%   3/1/2027        200        200
  Cape Coral FL Water & Sewer Special Assessment Revenue 3.000%   3/1/2028        200        199
  Cape Coral FL Water & Sewer Special Assessment Revenue 3.100%   3/1/2029        200        199
  Cape Coral FL Water & Sewer Special Assessment Revenue 3.250%   3/1/2030        205        203
2 Cape Coral FL Water & Sewer Special Assessment Revenue 3.250%   3/1/2031        440        434
2 Cape Coral FL Water & Sewer Special Assessment Revenue 3.350%   3/1/2032        315        310
1 Capital Trust Agency Inc. Charter School Aid Revenue (Franklin Academy Project) 5.000% 12/15/2026        400        400
1 Capital Trust Agency Inc. Charter School Aid Revenue (Franklin Academy Project) 5.000% 12/15/2027        990        990
1 Capital Trust Authority Charter School Aid Revenue (Imagine School at West Pasco Project) 5.500% 12/15/2033        670        606
  Capital Trust Authority Health, Hospital, Nursing Home Revenue (UF Health Projects) 5.000%  12/1/2030     10,695     11,401
  Capital Trust Authority Health, Hospital, Nursing Home Revenue (UF Health Projects) 5.000%  12/1/2032     16,710     18,067
1 Capital Trust Authority Miscellaneous Revenue 4.500%  6/15/2033        920        916
1 Central Florida Expressway Authority Highway Revenue TOB VRDO 2.310%   8/6/2026      7,045      7,045
  Collier County IDA Health, Hospital, Nursing Home Revenue (NHC Healthcare System Project) PUT 5.000%  10/1/2029      1,000      1,048
  Collier County IDA Health, Hospital, Nursing Home Revenue (NHC Healthcare System Project) PUT 5.000%  10/1/2031      6,275      6,607
1 Curiosity Creek Community Development District Special Assessment Revenue 4.250%   5/1/2030        400        396
  Escambia County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2032      1,045      1,083
  Florida Development Finance Corp. Charter School Aid Revenue 4.875%  6/15/2030        750        742
  Florida Development Finance Corp. Charter School Aid Revenue (River City Science Academy Project) 4.000%   7/1/2031        290        284
  Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue 5.000% 11/15/2026        645        649
1 Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue 4.000%   6/1/2029      1,375      1,373
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue (Tampa General Hospital Project) PUT 5.000%  10/1/2031     15,945     17,074
  Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue (Tampa General Hospital Project) PUT 5.000%  10/1/2031      4,155      4,449
  Florida GO 3.000%   6/1/2028        900        900
1 Florida GO TOB VRDO 2.190%   8/6/2026      3,208      3,208
1 Florida GO TOB VRDO 2.190%   8/6/2026      2,220      2,220
  Florida Higher Educational Facilities Financing Authority College & University Revenue (Flagler College Inc. Project) 5.000%  11/1/2027      1,095      1,099
  Florida Higher Educational Facilities Financing Authority College & University Revenue (Nova Southeastern University Project) 5.000%   4/1/2027        415        415
  Florida Higher Educational Facilities Financing Authority College & University Revenue (Rollins College Project) 5.000%  12/1/2027      1,005      1,024
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.800%   6/1/2027      4,530      4,532
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.150%  12/1/2027        625        625
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.100%   1/1/2028      1,200      1,199
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.000%   5/1/2028      2,660      2,649
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.500%   5/1/2028      4,200      4,222
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.200%   7/1/2028      1,225      1,225
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 2.850%  10/1/2028      4,575      4,534
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.150%  12/1/2028      1,415      1,412
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.200%  12/1/2028      3,650      3,643
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.150%   1/1/2029      2,635      2,628
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.150%   1/1/2029        595        594
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 2.800%   3/1/2029      1,575      1,554
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.000%   7/1/2029      6,355      6,272
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.000%   8/1/2029        655        648
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.150%   8/1/2029      5,000      4,979
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.100%   6/1/2030     10,930     10,736
  Florida Insurance Assistance Interlocal Agency Inc. Miscellaneous Revenue 5.000%   9/1/2027      5,685      5,695
  Florida Insurance Assistance Interlocal Agency Inc. Miscellaneous Revenue 5.000%   9/1/2028     23,145     23,184
1 Florida Local Government Finance Commission Health, Hospital, Nursing Home Revenue (Fleet Landing At Nocatee Project) 4.200% 11/15/2030      1,380      1,383
1 Florida Local Government Finance Commission Health, Hospital, Nursing Home Revenue (Fleet Landing At Nocatee Project) 4.450% 11/15/2031        950        952
1 Florida Local Government Finance Commission Health, Hospital, Nursing Home Revenue (Fleet Landing At Nocatee Project) 4.700% 11/15/2031      4,000      4,011
  Florida Municipal Power Agency Electric Power & Light Revenue 5.000%  10/1/2028      1,685      1,691
  Greater Orlando Aviation Authority Port, Airport & Marina Revenue 5.000%  10/1/2029      1,115      1,118
  Halifax Hospital Medical Center Health, Hospital, Nursing Home Revenue 5.000%   6/1/2030      2,750      2,753
2 Hernando County School District COP 5.000%   7/1/2027      1,000      1,001
2 Hernando County School District COP 5.000%   7/1/2028      2,000      2,003
2 Hernando County School District COP 5.000%   7/1/2029      1,705      1,707
2 Hernando County School District COP 5.000%   7/1/2030      1,650      1,652
  Hillsborough County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.250%   9/1/2027        230        230
  Hillsborough County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.125%  12/1/2027      2,385      2,382
  Hillsborough County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.350%   6/1/2028      5,000      5,010
  Hillsborough County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.450%   7/1/2028      2,450      2,451
  Hillsborough County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.900%   5/1/2029      5,225      5,167
1 Hillsborough County IDA Tobacco & Liquor Taxes Revenue 5.000%   9/1/2026      6,340      6,349
1 Hillsborough County IDA Tobacco & Liquor Taxes Revenue 5.000%   9/1/2027      6,655      6,784
1 Hillsborough County IDA Tobacco & Liquor Taxes Revenue 5.000%   9/1/2028      3,990      4,132
1 Hillsborough County Industrial Development Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027      2,585      2,628
  Hillsborough County School Board (Master Lease Program) COP 3.500%   7/1/2031      1,100      1,082
  Jacksonville Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.400%   7/1/2028      1,745      1,747
  Jacksonville Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2029      2,300      2,288
  JEA FL Water System CP 2.620%  10/8/2026     25,000     24,998
1 JEA Water & Sewer System Water Revenue TOB VRDO 2.190%   8/6/2026      6,015      6,015
  Lakeland FL Health, Hospital, Nursing Home Revenue 5.000% 11/15/2027      3,195      3,213
5 Lakeland FL Health, Hospital, Nursing Home Revenue 5.000% 11/15/2027      2,500      2,563
  Lakeland FL Health, Hospital, Nursing Home Revenue 5.000% 11/15/2028        655        659
5 Lakeland FL Health, Hospital, Nursing Home Revenue 5.000% 11/15/2028      3,600      3,752
5 Lakeland FL Health, Hospital, Nursing Home Revenue 5.000% 11/15/2029      3,000      3,169
5 Lakeland FL Health, Hospital, Nursing Home Revenue 5.000% 11/15/2030      3,045      3,242
  Lee County FL IDA Health, Hospital, Nursing Home Revenue 4.000% 11/15/2026        230        230
  Lee County FL IDA Health, Hospital, Nursing Home Revenue 4.125% 11/15/2029      1,440      1,441
  Lee County FL IDA Health, Hospital, Nursing Home Revenue 4.375% 11/15/2029        250        250
  Lee County FL IDA Health, Hospital, Nursing Home Revenue 4.750% 11/15/2029      1,000      1,002
  Lee County FL IDA Health, Hospital, Nursing Home Revenue (Lee Health System Inc. Project) 5.000%   4/1/2030      5,895      6,278
  Lee County FL IDA Health, Hospital, Nursing Home Revenue (Lee Health System Inc. Project) 5.000%   4/1/2031     14,200     15,282
  Lee County FL IDA Health, Hospital, Nursing Home Revenue (Lee Health System Inc. Project) 5.000%   4/1/2032      3,935      4,275
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Lee County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 4.000%  11/1/2027      4,875      4,886
  Lee County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.500%  12/1/2027      1,420      1,424
  Lee County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.650%   9/1/2029        800        780
2 Manatee County School District Sales Tax Revenue 5.000%  10/1/2029        250        253
2 Manatee County School District Sales Tax Revenue 5.000%  10/1/2030      2,650      2,676
2 Manatee County School District Sales Tax Revenue 5.000%  10/1/2031      1,500      1,514
  Miami-Dade County Educational Facilities Authority College & University Revenue 5.000%   4/1/2033      1,000      1,097
1,4 Miami-Dade County Educational Facilities Authority College & University Revenue TOB VRDO 2.190%   8/6/2026      8,620      8,620
  Miami-Dade County Expressway Authority Highway Revenue 5.000%   7/1/2030      1,225      1,227
  Miami-Dade County FL Aviation Port, Airport & Marina Revenue 5.000%  10/1/2030      1,485      1,490
  Miami-Dade County FL Aviation Port, Airport & Marina Revenue 5.000%  10/1/2033        505        507
  Miami-Dade County FL Special Obligation Revenue 5.000%  10/1/2027      2,400      2,407
1,4 Miami-Dade County FL Water & Sewer System Water Revenue TOB VRDO 2.190%   8/6/2026      1,470      1,470
  Miami-Dade County Housing Finance Authority Local or Guaranteed Housing Revenue (Rainbow Village Project) PUT 3.550%   3/1/2028      1,205      1,214
  Miami-Dade County Housing Finance Authority Local or Guaranteed Housing Revenue (Yaeger Plaza Project) PUT 3.150%   8/1/2028      1,005      1,005
  Miami-Dade County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.400%   1/1/2028      8,060      8,083
  Miami-Dade County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.650%   4/1/2028      1,410      1,393
  Miami-Dade County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.950%   9/1/2028      1,220      1,208
  Miami-Dade County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.250%   8/1/2029     32,875     32,818
  Miami-Dade County IDA Charter School Aid Revenue (Mater Academy Projects) 4.000%  6/15/2031        250        249
  North Miami Community Redevelopment Agency Economic Development Revenue 5.000%   3/1/2029      1,375      1,431
1 North Springs Improvement District Special Assessment Revenue 4.250%   5/1/2028        625        629
  North Sumter County Utility Dependent District Resource Recovery Revenue 5.000%  10/1/2026      1,395      1,399
  Okeechobee County FL Resource Recovery Revenue PUT 3.800%   7/2/2029      1,920      1,931
1,4 Omni Redevelopment District Community Redevelopment Agency Tax Increment/Allocation Revenue PUT TOB 2.340%  9/10/2026      9,575      9,575
1,4 Omni Redevelopment District Community Redevelopment Agency Tax Increment/Allocation Revenue TOB VRDO 2.460%   8/6/2026     30,630     30,630
1 Orange County FL Health Facilities Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.280%   8/6/2026     13,870     13,870
1 Orange County FL Health Facilities Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.310%   8/6/2026     27,120     27,120
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2026        350        350
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2027        625        635
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2027      1,085      1,109
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2028        650        670
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2029      1,080      1,137
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2026      5,290      5,322
  Orange County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.350%   6/1/2027     18,370     18,402
  Orange County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.350%   7/1/2028     10,915     10,930
1,4 Orlando FL Community Redevelopment Agency Tax Increment/Allocation Revenue TOB VRDO 2.460%   8/6/2026     55,135     55,135
  Orlando Utilities Commission Electric Power & Light Revenue PUT 1.250%  10/1/2028      2,465      2,323
  Osceola County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.750%   4/1/2028      1,355      1,345
  Osceola County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.650%   9/1/2028        565        558
  Palm Beach County Educational Facilities Authority College & University Revenue 4.000%  10/1/2026        245        245
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue (Jupiter Medical Center Project) 5.000%  11/1/2028        425        440
1,4 Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.510%   8/6/2026     18,900     18,900
  Palm Beach County Housing Finance Authority Local or Guaranteed Housing Revenue 2.800%   2/1/2027        529        528
  Palm Beach County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.900%   2/1/2029        530        525
  Parrish Lakes Community Development District Special Assessment Revenue 5.000%   5/1/2031         80         81
1 Pasco County FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000%   7/1/2030      5,360      5,649
2 Pasco County FL Intergovernmental Agreement Revenue (H. Lee Moffitt Cancer Center Project) 5.250%   9/1/2027        905        928
2 Pasco County FL Intergovernmental Agreement Revenue (H. Lee Moffitt Cancer Center Project) 5.250%   9/1/2028        950        992
  Pinellas County Housing Finance Authority Local or Guaranteed Housing Revenue (Citrus Grove Apartments Project) PUT 3.300%   1/1/2027      4,750      4,750
  Pinellas County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.950%  10/1/2028     13,175     13,110
  Pinellas County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.200%   2/1/2029     14,415     14,419
  Pinery Community Development District Special Assessment Revenue 4.250%   5/1/2031        170        166
  Polk County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.150%  12/1/2027      1,250      1,249
  Polk County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.900%   7/1/2028      1,350      1,339
1,4 Public Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.220%   8/6/2026     12,155     12,155
1,4 Public Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.220%   8/6/2026      8,750      8,750
2 Santa Rosa County School Board COP 5.000%   2/1/2028      1,000      1,030
  Sarasota County Health Facilities Authority Health, Hospital, Nursing Home Revenue (Village of Isle Project) 5.000%   1/1/2029        530        532
1,4 Sarasota County Public Hospital District Health, Hospital, Nursing Home Revenue TOB VRDO 2.190%   8/6/2026     15,820     15,820
1 Sarasota County Public Hospital District Health, Hospital, Nursing Home Revenue TOB VRDO 2.260%   8/6/2026     12,000     12,000
1 Seminole County IDA Charter School Aid Revenue (Galileo Schools for Gifted Learning Project) 4.000%  6/15/2028        250        248
1 Seminole County IDA Charter School Aid Revenue (Galileo Schools for Gifted Learning Project) 4.000%  6/15/2029        255        252
  South Miami Health Facilities Authority Inc. Health, Hospital, Nursing Home Revenue 5.000%  8/15/2032      5,250      5,339
    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     19,375     20,544
1,4 St. Johns County IDA Health, Hospital, Nursing Home Revenue TOB VRDO 2.510%   8/6/2026      5,760      5,760
1 Sunrise Community Development District Special Assessment Revenue 4.250%   5/1/2030        305        302
  Tampa FL Tobacco & Liquor Taxes Revenue (H. Lee Moffitt Cancer Center Project) 5.500%   9/1/2029      1,310      1,312
1 Tampa Florida Water & Wastewater System Water Revenue TOB VRDO 2.190%   8/6/2026     10,000     10,000
1 Venice FL Health, Hospital, Nursing Home Revenue (Village on the ISLE Project) 4.500%   1/1/2030        120        120
1 Village Community Development District No. 15 Special Assessment Revenue 4.250%   5/1/2028        250        252
  Village Community Development District No. 16 Special Assessment Revenue 3.550%   5/1/2030      1,000        992
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.000%   6/1/2028        400        410
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.000%   6/1/2029        935        969
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.000%   6/1/2030        425        444
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.000%   6/1/2030        500        519
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.000%   6/1/2031      1,230      1,291
  West Villages Improvement District Special Assessment Revenue 4.000%   5/1/2027        265        265
  Woodlands Section 9 Community Development District Special Assessment Revenue 4.250%   5/1/2031        250        244
                                       750,161
Georgia (4.2%)
  Albany-Dougherty County Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000%   9/1/2026      3,060      3,065
  Athens Housing Authority Local or Guaranteed Housing Revenue PUT 3.230%   6/1/2029      4,250      4,246
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue 2.980%   1/1/2034        996        904
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue (Englewood Senior Apartments Project) PUT 5.000%   5/1/2027      4,473      4,535
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 3.400%   2/1/2028      1,250      1,253
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 3.450%   2/1/2028     11,016     11,032
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 2.750%   5/1/2028      4,400      4,360
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 2.920%   5/1/2028      2,350      2,345
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 2.920%   5/1/2028      2,050      2,045
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 3.200%   5/1/2028      2,665      2,665
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 2.970%  12/1/2028      2,100      2,079
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 3.150%  12/1/2028      1,550      1,546
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 3.300%   1/1/2029      7,565      7,579
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 3.200%   2/1/2029      1,305      1,302
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 4.700%   8/1/2044        835        834
1,4 Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue TOB VRDO 2.390%   8/6/2026      3,442      3,442
  Bartow County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Bowen Project) PUT 3.950%   3/8/2028      9,555      9,680
  Bartow County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Bowen Project) PUT 2.900%  8/21/2029     10,000      9,907
  Burke County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Vogtle Project) PUT 3.375%  3/12/2027      1,720      1,723
  Burke County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Vogtle Project) PUT 3.375%  3/12/2027      3,145      3,150
  Burke County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Vogtle Project) PUT 3.700%  6/13/2028      3,345      3,380
  Burke County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Vogtle Project) PUT 3.300%  8/21/2029      3,640      3,648
  Burke County Development Authority Electric Power & Light Revenue (Oglethorpe Power Corp. Vogtle Project) PUT 3.600%   2/1/2030      7,465      7,511
  Burke County Development Authority Electric Power & Light Revenue (Oglethorpe Power Corp. Vogtle Project) PUT 3.600%   2/1/2030      2,330      2,344
  Burke County Development Authority Electric Power & Light Revenue PUT 2.900%  8/21/2029      8,315      8,238
  Burke County Development Authority Electric Power & Light Revenue PUT 3.350%  3/27/2030     10,745     10,775
  Cobb County Development Authority Local or Guaranteed Housing Revenue 5.000%  6/15/2027        500        509
  Cobb County Development Authority Local or Guaranteed Housing Revenue 5.000%  6/15/2027        100        102
  Cobb County Development Authority Local or Guaranteed Housing Revenue 5.000%  6/15/2028        750        777
  Cobb County Development Authority Local or Guaranteed Housing Revenue 5.000%  6/15/2028        100        103
  Cobb County Development Authority Local or Guaranteed Housing Revenue 5.000%  6/15/2029        230        241
  Cobb County Development Authority Local or Guaranteed Housing Revenue 5.000%  6/15/2030        135        141
  Cobb County Development Authority Local or Guaranteed Housing Revenue 5.000%  6/15/2032        535        571
1,4 Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.250%   8/6/2026      4,135      4,135
  College Park Housing Authority Local or Guaranteed Housing Revenue (Brad Blue Sky Apartments LLC Project) PUT 3.450%   4/1/2028      2,614      2,625
  Columbus County Housing Authority Local or Guaranteed Housing Revenue (Columbus Garden Project) PUT 5.000%   4/1/2027        785        795
  Columbus County Housing Authority Local or Guaranteed Housing Revenue (HCAG RAD II Project) PUT 3.300%  11/1/2027      1,185      1,187
2 Dade County Water & Sewer Authority Water Revenue 3.900%   7/1/2028        200        200
  Decatur Housing Authority Local or Guaranteed Housing Revenue (Calvin Court Project) PUT 3.600%   8/1/2027      1,530      1,537
  Decatur Housing Authority Local or Guaranteed Housing Revenue (Philips Tower Project) PUT 3.250%   9/1/2027      1,090      1,091
2 DeKalb County GA Water & Sewerage Water Revenue 5.250%  10/1/2032     11,000     11,039
  DeKalb County Housing Authority Local or Guaranteed Housing Revenue 5.000%  12/1/2032      2,285      2,390
  DeKalb County Housing Authority Local or Guaranteed Housing Revenue PUT 2.950%   8/1/2028        675        673
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  DeKalb County Housing Authority Local or Guaranteed Housing Revenue PUT 3.200%   2/1/2029      1,465      1,466
  Fayette County Development Authority Recreational Revenue (United States Soccer Federation Inc. Project) 5.000%  10/1/2026        300        301
  Fayette County Development Authority Recreational Revenue (United States Soccer Federation Inc. Project) 5.000%  10/1/2028        325        336
1,4 Fulton County Development Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.250%   8/6/2026      5,835      5,835
1,4 Fulton County Development Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.250%   8/6/2026      7,500      7,500
1 Fulton County Residential Care Facilities for the Elderly Authority Health, Hospital, Nursing Home Revenue (Canterbury Court Project) 4.000%   4/1/2027        765        767
1 Fulton County Residential Care Facilities for the Elderly Authority Health, Hospital, Nursing Home Revenue (Canterbury Court Project) 4.000%   4/1/2028        800        805
  Gainesville & Hall County Hospital Authority Health, Hospital, Nursing Home Revenue (Northeast Georgia Health System Inc. Project) 5.000%  2/15/2028      1,000      1,011
1,9 Georgia Municipal Electric Authority Nuclear Revenue TOB VRDO 2.270%   8/6/2026     12,160     12,160
1,2,4 Georgia Municipal Electric Authority Nuclear Revenue TOB VRDO 2.270%   8/6/2026      8,960      8,960
  Glynn-Brunswick Memorial Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2027      1,650      1,652
  Griffin Housing Authority Local or Guaranteed Housing Revenue PUT 5.000%  11/1/2027      8,643      8,831
  Griffin Housing Authority Local or Guaranteed Housing Revenue PUT 3.125%   3/1/2028      1,025      1,024
  Lawrenceville Housing Authority Local or Guaranteed Housing Revenue (Applewood Towers Project) PUT 5.000%  10/1/2027        962        983
  Macon-Bibb County Housing Authority Local or Guaranteed Housing Revenue (CAHEC GA Portfolio Ii Project) PUT 3.150%   2/1/2028      1,025      1,025
  Macon-Bibb County Housing Authority Local or Guaranteed Housing Revenue (West Club Apartments Project) PUT 3.100%   6/1/2028      2,884      2,880
  Main Street Energy Inc. Natural Gas Revenue (Energy Project) 5.000%  12/1/2029      1,225      1,264
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%   9/1/2026        625        626
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%   9/1/2026        285        285
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%   9/1/2026        275        275
  Main Street Natural Gas Inc. Natural Gas Revenue 4.000%  12/1/2026      2,200      2,204
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  12/1/2026      1,000      1,005
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  12/1/2026        875        880
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  12/1/2026      2,900      2,915
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%   3/1/2027      1,000      1,011
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%   3/1/2027        620        627
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%   6/1/2027      1,250      1,265
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%   6/1/2027        250        253
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%   9/1/2027        850        866
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%   9/1/2027        500        509
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%   9/1/2027        500        509
  Main Street Natural Gas Inc. Natural Gas Revenue 5.500%  9/15/2027      1,400      1,434
  Main Street Natural Gas Inc. Natural Gas Revenue 4.000%  12/1/2027      1,570      1,579
  Main Street Natural Gas Inc. Natural Gas Revenue 4.000%  12/1/2027      3,140      3,156
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  12/1/2027      1,700      1,731
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  12/1/2027      1,000      1,019
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  12/1/2027      2,800      2,851
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  12/1/2027        665        678
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%   3/1/2028        650        667
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%   3/1/2028        700        718
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%   6/1/2028      1,665      1,703
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%   6/1/2028        535        549
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  12/1/2028      2,045      2,102
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  12/1/2028        595        615
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  12/1/2028      1,250      1,285
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  12/1/2028      2,225      2,287
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  12/1/2028        750        774
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%   6/1/2029        500        518
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%   6/1/2030        565        584
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000%   9/1/2026    131,505    131,628
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000%   9/1/2027     92,060     92,872
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000%  12/1/2028    104,695    105,229
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   6/1/2029     40,055     41,252
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000%  12/1/2029     41,270     41,438
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   3/1/2030      2,815      2,944
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   6/1/2030     19,775     20,448
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   9/1/2030     42,700     44,844
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%  12/1/2030      1,845      1,920
  Metropolitan Atlanta Rapid Transit Authority CP 2.500%  9/15/2026     10,700     10,698
  Monroe County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Scherer Project) PUT 2.800%   3/6/2031      6,065      5,919
  Monroe County Development Authority Electric Power & Light Revenue (Oglethorpe Power Corp. Scherer Project) PUT 3.600%   2/1/2030      3,370      3,391
  Monroe County Development Authority Electric Power & Light Revenue PUT 3.350%  3/27/2030     10,045     10,073
  Monroe County Development Authority Electric Power & Light Revenue PUT 2.800%   3/6/2031      2,295      2,240
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Monroe County Development Authority Electric Power & Light Revenue PUT 2.800%   3/6/2031      1,680      1,640
  Monroe County Development Authority Electric Power & Light Revenue PUT 2.800%   3/6/2031      3,370      3,289
  Private Colleges & Universities Authority College & University Revenue (Mercer University Project) 5.000%  10/1/2031      1,000      1,001
  Savannah Economic Development Authority Industrial Revenue PUT 3.450%  10/1/2031        100         99
1 Savannah Hospital Authority Health, Hospital, Nursing Home Revenue 5.500%   7/1/2027      1,000      1,021
1 Savannah Hospital Authority Health, Hospital, Nursing Home Revenue 5.500%   7/1/2028      3,250      3,384
1 Savannah Hospital Authority Health, Hospital, Nursing Home Revenue 5.500%   7/1/2029      3,000      3,175
1 Savannah Hospital Authority Health, Hospital, Nursing Home Revenue 5.500%   7/1/2030      3,000      3,211
  Savannah Housing Authority Local or Guaranteed Housing Revenue (Montgomery Landing Project) PUT 3.150%   7/1/2028      1,320      1,320
  Warner Robins Housing Authority Resident Council Corp. Local or Guaranteed Housing Revenue (Arbours at Wellston Project) PUT 5.000%   2/1/2028        828        851
                                       769,871
Guam (0.1%)
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2029        235        245
  Guam Income Tax Revenue 5.000%  12/1/2026      1,500      1,504
  Guam Income Tax Revenue 5.000%  12/1/2029      1,000      1,002
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2028        950        971
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2028      1,365      1,394
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2029        575        596
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2029      1,105      1,143
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2030        480        501
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2031        625        658
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2026      1,910      1,915
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2027      3,645      3,709
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2027        450        458
                                        14,096
Hawaii (0.3%)
  Hawaii GO 4.000%  10/1/2030      1,855      1,857
  Hawaii GO 4.000%   8/1/2032      8,500      8,504
  Hawaii GO 4.000%   8/1/2033      4,655      4,657
  Hawaii GO 4.000%   8/1/2034      4,060      4,061
  Hawaii Housing Finance & Development Corp. Local or Guaranteed Housing Revenue PUT 3.300%  12/1/2027     21,735     21,805
  Honolulu HI City & County Local or Guaranteed Housing Revenue PUT 5.000%   4/1/2028      4,595      4,726
                                        45,610
Idaho (0.1%)
  Idaho Bond Bank Authority Miscellaneous Revenue 4.000%  9/15/2027      1,000      1,001
  Idaho Bond Bank Authority Miscellaneous Revenue 4.000%  9/15/2028      1,530      1,531
  Idaho Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2026      1,000      1,000
  Idaho Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2028        250        250
  Idaho Health Facilities Authority Health, Hospital, Nursing Home Revenue (Partners in Healthcare Project) 4.500%  11/1/2026        245        245
  Idaho Housing & Finance Association Local or Guaranteed Housing Revenue 2.600%   1/1/2027         95         95
  Idaho Housing & Finance Association Local or Guaranteed Housing Revenue 2.650%   7/1/2027        295        294
  Idaho Housing & Finance Association Local or Guaranteed Housing Revenue 2.700%   1/1/2028        315        313
  Idaho Housing & Finance Association Local or Guaranteed Housing Revenue 2.750%   7/1/2028        290        288
  Idaho Housing & Finance Association Local or Guaranteed Housing Revenue 2.850%   1/1/2029        325        322
  Idaho Housing & Finance Association Local or Guaranteed Housing Revenue 2.950%   7/1/2029        310        307
  Idaho Housing & Finance Association Local or Guaranteed Housing Revenue 3.000%   1/1/2030        170        168
  Idaho Housing & Finance Association Local or Guaranteed Housing Revenue 3.000%   7/1/2030        200        197
  Idaho Housing & Finance Association Local or Guaranteed Housing Revenue 3.100%   1/1/2031        340        339
  Idaho Housing & Finance Association Local or Guaranteed Housing Revenue 3.200%   1/1/2032        335        327
  Idaho Housing & Finance Association Local or Guaranteed Housing Revenue 3.250%   7/1/2032        100         98
  Idaho Housing & Finance Association Local or Guaranteed Housing Revenue PUT 3.350%   2/1/2029      2,700      2,702
1 Idaho Housing & Finance Association Local or Guaranteed Housing Revenue TOB VRDO 2.190%   8/6/2026      9,140      9,140
                                        18,617
Illinois (5.4%)
  Adams County School District No. 172 GO 5.000%   2/1/2027        150        151
  Adams County School District No. 172 GO 5.000%   2/1/2028        180        185
2 Adams County School District No. 172 GO 5.000%   2/1/2029        130        136
2 Adams County School District No. 172 GO 5.000%   2/1/2030        150        159
2 Adams County School District No. 172 GO 5.000%   2/1/2031        150        161
  Arlington Heights IL GO 3.000%  12/1/2028        805        798
  Chicago Board of Education GO 0.000%  12/1/2026      4,500      4,448
7 Chicago Board of Education GO 0.000%  12/1/2026      5,055      4,997
2 Chicago Board of Education GO 5.000%  12/1/2026      2,775      2,792
  Chicago Board of Education GO 5.000%  12/1/2026     10,270     10,295
  Chicago Board of Education GO 5.000%  12/1/2026        710        712
  Chicago Board of Education GO 5.000%  12/1/2026      6,825      6,841
  Chicago Board of Education GO 5.000%  12/1/2026      3,045      3,052
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Chicago Board of Education GO 5.000%  12/1/2026      4,435      4,446
2,11 Chicago Board of Education GO 5.500%  12/1/2026      3,320      3,345
10 Chicago Board of Education GO 5.500%  12/1/2026      1,250      1,256
7 Chicago Board of Education GO 0.000%  12/1/2027        110        105
7 Chicago Board of Education GO 0.000%  12/1/2027        855        815
  Chicago Board of Education GO 4.000%  12/1/2027      1,555      1,550
2 Chicago Board of Education GO 5.000%  12/1/2027        550        562
2 Chicago Board of Education GO 5.000%  12/1/2027      4,705      4,811
  Chicago Board of Education GO 5.000%  12/1/2027      7,590      7,661
  Chicago Board of Education GO 5.250%  12/1/2027      1,000      1,013
  Chicago Board of Education GO 5.250%  12/1/2027        250        253
10 Chicago Board of Education GO 5.500%  12/1/2027      3,075      3,131
7 Chicago Board of Education GO 0.000%  12/1/2028      1,160      1,064
2 Chicago Board of Education GO 5.000%  12/1/2028      1,495      1,558
  Chicago Board of Education GO 5.000%  12/1/2028      1,295      1,314
  Chicago Board of Education GO 5.000%  12/1/2028      3,440      3,490
  Chicago Board of Education GO 5.250%  12/1/2028      1,505      1,536
  Chicago Board of Education GO 5.250%  12/1/2028        275        281
7 Chicago Board of Education GO 0.000%  12/1/2029        210        185
7 Chicago Board of Education GO 0.000%  12/1/2029        225        198
2 Chicago Board of Education GO 5.000%  12/1/2029      6,425      6,670
  Chicago Board of Education GO 5.000%  12/1/2029      4,000      4,063
  Chicago Board of Education GO 5.000%  12/1/2029        330        335
  Chicago Board of Education GO 5.000%  12/1/2029      1,000      1,011
  Chicago Board of Education GO 5.250%  12/1/2029      1,530      1,567
  Chicago Board of Education GO 5.250%  12/1/2029        290        297
7 Chicago Board of Education GO 0.000%  12/1/2030        175        147
  Chicago Board of Education GO 5.000%  12/1/2030      2,000      2,026
  Chicago Board of Education GO 5.000%  12/1/2030      6,205      6,262
  Chicago Board of Education GO 5.000%  12/1/2030     13,600     13,673
2 Chicago Board of Education GO 5.000%  12/1/2030      3,840      3,974
  Chicago Board of Education GO 5.000%  12/1/2030      1,015      1,032
  Chicago Board of Education GO 5.250%  12/1/2030      1,100      1,128
  Chicago Board of Education GO 5.250%  12/1/2030        350        359
1 Chicago Board of Education GO 6.750%  12/1/2030     10,840     11,179
2 Chicago Board of Education GO 5.000%  12/1/2031        105        108
  Chicago Board of Education GO 5.000%  12/1/2031      1,670      1,687
  Chicago Board of Education GO 5.000%  12/1/2031        500        504
  Chicago Board of Education GO 5.000%  12/1/2031      3,590      3,605
  Chicago Board of Education GO 5.500%  12/1/2031      2,000      2,096
  Chicago Board of Education GO 5.000%  12/1/2033     14,000     14,000
  Chicago Board of Education GO 5.000%  12/1/2033      2,875      2,885
  Chicago IL GO 5.000%   1/1/2027      6,410      6,440
  Chicago IL GO 5.000%   1/1/2027      2,475      2,487
  Chicago IL GO 5.000%   1/1/2028      1,000      1,015
  Chicago IL GO 5.000%   1/1/2028        910        924
  Chicago IL GO 5.000%   1/1/2028      5,515      5,599
  Chicago IL GO 4.000%   1/1/2029      8,493      8,486
  Chicago IL GO 5.000%   1/1/2029     12,545     12,819
  Chicago IL GO 5.000%   1/1/2029      2,000      2,044
  Chicago IL GO 5.000%   1/1/2029        805        823
  Chicago IL GO 4.000%   1/1/2030      1,820      1,808
  Chicago IL GO 5.000%   1/1/2030      2,470      2,532
  Chicago IL GO 5.000%   1/1/2030      3,655      3,747
  Chicago IL GO 5.000%   1/1/2031      3,900      3,980
  Chicago IL GO 5.000%   1/1/2031        500        513
  Chicago IL GO 5.000%   1/1/2031      3,580      3,673
  Chicago IL GO 5.000%   1/1/2032        850        869
  Chicago IL GO 5.000%   1/1/2033      2,540      2,587
  Chicago IL GO 5.000%   1/1/2033      4,620      4,742
1,4 Chicago IL GO TOB VRDO 2.220%   8/6/2026     45,000     45,000
1,4 Chicago IL GO TOB VRDO 2.290%   8/6/2026      7,000      7,000
7 Chicago IL GO, ETM 0.000%   1/1/2027      2,050      2,024
  Chicago IL Local or Guaranteed Housing Revenue (The AVE SW Project) PUT 3.200%  10/1/2027      2,350      2,353
  Chicago IL Local or Guaranteed Housing Revenue (United Yards 1A Project) PUT 3.500%   8/1/2026      1,100      1,100
1,9 Chicago IL Transit Authority Sales Tax Revenue TOB VRDO 2.280%   8/6/2026      2,500      2,500
  Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/2027        600        605
  Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/2029      2,165      2,183
2 Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/2029      3,345      3,374
1,2 Chicago IL Wastewater Transmission Sewer Revenue TOB VRDO 2.280%   8/6/2026      1,990      1,990
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
1,4 Chicago IL Water Revenue TOB VRDO 2.190%   8/6/2026      1,785      1,785
  Chicago IL Waterworks Water Revenue 4.000%  11/1/2026        425        426
  Chicago IL Waterworks Water Revenue 5.000%  11/1/2026        650        653
5 Chicago IL Waterworks Water Revenue 5.000%  11/1/2026      2,200      2,211
  Chicago IL Waterworks Water Revenue 5.000%  11/1/2027      1,000      1,025
5 Chicago IL Waterworks Water Revenue 5.000%  11/1/2027      8,450      8,661
  Chicago IL Waterworks Water Revenue 5.000%  11/1/2028      3,725      3,745
2 Chicago IL Waterworks Water Revenue 5.000%  11/1/2028      2,580      2,648
  Chicago IL Waterworks Water Revenue 5.000%  11/1/2028      2,200      2,296
5 Chicago IL Waterworks Water Revenue 5.000%  11/1/2028     17,060     17,806
  Chicago IL Waterworks Water Revenue 5.000%  11/1/2029      1,000      1,024
  Chicago IL Waterworks Water Revenue 5.000%  11/1/2029      2,225      2,237
2 Chicago IL Waterworks Water Revenue 5.000%  11/1/2029      3,500      3,519
  Chicago IL Waterworks Water Revenue 5.000%  11/1/2029      1,000      1,005
5 Chicago IL Waterworks Water Revenue 5.000%  11/1/2029     13,600     14,396
5 Chicago IL Waterworks Water Revenue 5.000%  11/1/2030      7,500      8,029
10 Chicago IL Waterworks Water Revenue 5.750%  11/1/2030      5,785      6,072
  Chicago IL Waterworks Water Revenue 5.000%  11/1/2031      1,000      1,005
5 Chicago IL Waterworks Water Revenue 5.000%  11/1/2031      2,275      2,460
1,4 Chicago IL Waterworks Water Revenue TOB VRDO 2.190%   8/6/2026      2,250      2,250
1,2 Chicago IL Waterworks Water Revenue TOB VRDO 2.260%   8/6/2026      2,895      2,895
1,4 Chicago Illinois Water Revenue TOB VRDO 2.190%   8/6/2026      2,650      2,650
1 Chicago O'Hare International Airport Port, Airport & Marina Revenue TOB VRDO 3.220%   8/3/2026      4,985      4,985
1 Chicago O'Hare International Airport Port, Airport & Marina Revenue TOB VRDO 3.300%   8/3/2026      4,000      4,000
1 Chicago O'Hare International Airport Port, Airport & Marina Revenue TOB VRDO 2.330%   8/6/2026      9,985      9,985
  Chicago Park District GO 5.000%   1/1/2029        875        915
  Chicago Transit Authority Capital Grant Receipts Government Fund/Grant Revenue 5.000%   6/1/2027      1,250      1,270
  Chicago Transit Authority Capital Grant Receipts Government Fund/Grant Revenue 5.000%   6/1/2028      1,375      1,423
  Chicago Transit Authority Capital Grant Receipts Government Fund/Grant Revenue 5.000%   6/1/2028      2,730      2,826
  Chicago Transit Authority Sales Tax Receipts Fund Sales Tax Revenue 5.000%  12/1/2030        100        107
1 Chicago Transit Authority Sales Tax Receipts Fund Sales Tax Revenue TOB VRDO 3.250%   8/3/2026      5,770      5,770
1 Chicago Transit Authority Sales Tax Receipts Fund Sales Tax Revenue TOB VRDO 2.210%   8/6/2026     16,905     16,905
1 Chicago Transit Authority Sales Tax Receipts Fund Sales Tax Revenue TOB VRDO 2.210%   8/6/2026      4,500      4,500
1 Chicago Transit Authority Sales Tax Revenue TOB VRDO 2.300%   8/6/2026      7,500      7,500
9 Cook County Community College District No. 508 GO 5.000%  12/1/2027      1,000      1,025
1,9 Cook County Community College District No. 508 GO TOB VRDO 2.260%   8/6/2026      6,000      6,000
9 Cook County High School District No. 205 Thornton Township GO 5.000%  12/1/2026      2,045      2,058
  Cook County IL GO 5.000% 11/15/2028      4,110      4,136
  Cook County IL GO 5.000% 11/15/2029      6,525      6,564
  Cook County IL GO 5.000% 11/15/2031        450        452
  Cook County IL Sales Tax Revenue 5.000% 11/15/2026        620        624
  Evanston IL GO 3.000%  12/1/2028      2,535      2,513
  Glenview IL GO 3.000%  12/1/2029        875        856
  Illinois Development Finance Authority Health, Hospital, Nursing Home Revenue PUT 2.850%   3/1/2030        965        942
  Illinois Finance Authority 2.550%   9/9/2026     50,000     49,994
  Illinois Finance Authority 2.550%  9/17/2026      7,000      6,999
  Illinois Finance Authority Charter School Aid Revenue 5.000%  12/1/2026        200        201
1 Illinois Finance Authority Charter School Aid Revenue 4.000%  10/1/2027        405        405
  Illinois Finance Authority Charter School Aid Revenue 4.000%  11/1/2027        130        131
1 Illinois Finance Authority Charter School Aid Revenue 4.000%  10/1/2028        580        580
  Illinois Finance Authority Charter School Aid Revenue 4.000%  11/1/2028        350        354
1 Illinois Finance Authority Charter School Aid Revenue 4.000%  10/1/2029      1,815      1,810
  Illinois Finance Authority Charter School Aid Revenue 4.000%  11/1/2029        275        278
1 Illinois Finance Authority Charter School Aid Revenue 4.000%  10/1/2030        630        622
  Illinois Finance Authority Charter School Aid Revenue 5.000%  12/1/2031        645        672
  Illinois Finance Authority Charter School Aid Revenue 5.000%  12/1/2032        675        704
  Illinois Finance Authority College & University Revenue 5.000%  10/1/2026        890        889
  Illinois Finance Authority College & University Revenue 5.000%  10/1/2026      1,065      1,064
  Illinois Finance Authority College & University Revenue 5.000%   4/1/2027        400        404
  Illinois Finance Authority College & University Revenue 5.000%   9/1/2028        750        751
  Illinois Finance Authority College & University Revenue 5.000%  12/1/2028        500        500
  Illinois Finance Authority College & University Revenue 5.000%   4/1/2029        600        620
  Illinois Finance Authority College & University Revenue 5.000%  10/1/2029        995        998
  Illinois Finance Authority College & University Revenue 5.000%   9/1/2031        500        492
  Illinois Finance Authority College & University Revenue 4.000%  10/1/2031      1,060      1,060
  Illinois Finance Authority College & University Revenue 4.000%  10/1/2032      1,240      1,240
  Illinois Finance Authority College & University Revenue (Bradley University Project) 5.000%   8/1/2026        400        400
  Illinois Finance Authority College & University Revenue (Bradley University Project) 5.000%   8/1/2027        215        218
  Illinois Finance Authority College & University Revenue (Bradley University Project) 5.000%   8/1/2028        675        694
  Illinois Finance Authority College & University Revenue (Bradley University Project) 5.000%   8/1/2030        375        391
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Illinois Finance Authority College & University Revenue (Bradley University Project) 5.000%   8/1/2031        525        550
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2026      1,250      1,251
5 Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2026      2,840      2,852
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2027        180        182
5 Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/2027        635        643
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027      1,735      1,762
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2027      1,835      1,869
5 Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2027        350        358
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2028        110        113
5 Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/2028        665        685
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028      1,820      1,875
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2028        665        688
5 Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2028        635        659
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2028      1,205      1,211
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2029        540        564
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2029        225        236
5 Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/2029        465        485
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2029        700        733
5 Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2029        445        467
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2030      4,465      4,505
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2030        440        466
5 Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/2030        490        516
5 Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2030        470        497
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2030     13,705     14,442
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2031        640        686
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 3.650%   5/1/2031        290        287
5 Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/2031        515        546
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2031     16,415     17,658
5 Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2031        215        229
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2033      2,290      2,307
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue (Advocate Health Care Project) 4.000%  11/1/2030        455        460
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2026     15,330     15,342
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2027      6,790      6,890
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2030      3,255      3,423
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2030     16,430     17,597
1,4 Illinois Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.190%   8/6/2026     14,310     14,310
1,4 Illinois Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.460%   8/6/2026     14,400     14,400
3 Illinois Finance Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap Index Yield + 0.300% 2.460%   4/1/2051      5,705      5,705
3 Illinois Finance Authority Recreational Revenue, 70% of SOFR + 1.150% 3.705%  11/1/2034      7,815      7,829
  Illinois Finance Authority Water Revenue PUT 3.875%   9/1/2028      1,080      1,093
  Illinois GO 5.000%  11/1/2027        650        653
  Illinois GO 4.000%   3/1/2028        300        304
  Illinois GO 5.000%   3/1/2028        500        516
  Illinois GO 5.000%   6/1/2028        520        521
  Illinois GO 5.000%  11/1/2028      4,050      4,068
  Illinois GO 3.500%   6/1/2029      2,410      2,410
  Illinois GO 5.000%  10/1/2029        900        934
  Illinois GO 5.000%  11/1/2029      1,950      1,994
  Illinois GO 5.125%  12/1/2029      1,180      1,210
  Illinois GO 4.125%  11/1/2031      1,440      1,441
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 4.200%  10/1/2027      1,000      1,011
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 5.500%   4/1/2028        290        302
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 5.500%  10/1/2028        250        263
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 5.000%  10/1/2029        515        535
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 5.000%  10/1/2026      2,793      2,801
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.450%  12/1/2027      5,275      5,282
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.380%   1/1/2028      7,475      7,485
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.150%   2/1/2028        950        950
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.150%   2/1/2028      2,395      2,395
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 2.800%   4/1/2028      1,543      1,532
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 2.800%   4/1/2028        585        581
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.000%   5/1/2028      2,270      2,261
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.150%   8/1/2028        710        710
8 Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.600%   8/1/2028      3,100      3,117
1 Illinois Housing Development Authority Local or Guaranteed Housing Revenue TOB VRDO 2.200%   8/6/2026      1,245      1,245
1 Illinois Housing Development Authority Multifamily Housing Revenue TOB VRDO 2.460%   8/6/2026     30,605     30,605
  Illinois Sales Tax Revenue 5.000%  6/15/2027      3,000      3,057
  Illinois Sales Tax Revenue 5.000%  6/15/2027      6,500      6,624
  Illinois Sales Tax Revenue 5.000%  6/15/2028      1,390      1,444
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Illinois Sales Tax Revenue 5.000%  6/15/2028      2,045      2,125
  Illinois Sales Tax Revenue 5.000%  6/15/2028      4,750      4,935
  Illinois Sales Tax Revenue 5.000%  6/15/2029      1,000      1,053
9 Illinois Sports Facilities Authority Appropriations Revenue 5.000%  6/15/2028      4,945      5,096
9 Illinois Sports Facilities Authority Appropriations Revenue 5.000%  6/15/2030      1,455      1,517
2 Illinois Sports Facilities Authority Hotel Occupancy Tax Revenue 5.000%  6/15/2027      4,220      4,240
2 Illinois Sports Facilities Authority Hotel Occupancy Tax Revenue 5.250%  6/15/2031      1,000      1,002
2 Kankakee County Community High School District No. 307 Bradley-Bourbonnais GO 5.000%  12/1/2026        140        141
2 Kankakee County Community High School District No. 307 Bradley-Bourbonnais GO 5.000%  12/1/2027        130        133
  Lake County Consolidated High School District No. 120 Mundelein GO 5.000%  12/1/2026        875        881
  Lake County Consolidated High School District No. 120 Mundelein GO 5.000%  12/1/2027        250        257
  Lake County Consolidated High School District No. 120 Mundelein GO 5.000%  12/1/2029        200        212
  Lake County Consolidated High School District No. 120 Mundelein GO 5.000%  12/1/2032        330        360
  Lake County Forest Preserve District GO 2.000% 12/15/2027      7,400      7,260
9 Markham IL GO 5.000%  12/1/2026        250        251
9 Markham IL GO 5.000%  12/1/2027        300        307
9 Markham IL GO 5.000%  12/1/2028        375        389
9 Markham IL GO 5.000%  12/1/2029        250        262
9 Markham IL GO 5.000%  12/1/2030        325        344
9 Markham IL GO 5.000%  12/1/2031        135        144
9 Markham IL GO 5.000%  12/1/2032        135        145
7 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000% 12/15/2030        385        329
  Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 5.000% 12/15/2026        500        503
  Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 5.000% 12/15/2027      2,300      2,304
  Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 5.000% 12/15/2027      5,390      5,513
7 Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 0.000%  6/15/2028        490        461
  Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 5.000% 12/15/2028      3,750      3,835
1,4 Metropolitan Pier & Exposition Authority Appropriations Revenue TOB VRDO 2.270%   8/6/2026     13,500     13,500
1,2 Metropolitan Pier & Exposition Authority Appropriations Revenue TOB VRDO 2.320%   8/6/2026     17,371     17,371
  Metropolitan Pier & Exposition Authority Economic Development Revenue 5.000%  6/15/2027      1,105      1,112
  Metropolitan Pier & Exposition Authority Economic Development Revenue 5.000%  6/15/2029      1,395      1,422
1,4 Metropolitan Pier & Exposition Authority Lease (Appropriation) Revenue TOB VRDO 2.190%   8/6/2026      1,495      1,495
  Metropolitan Water Reclamation District of Greater Chicago GO 5.000%  12/1/2030      6,850      6,895
  Metropolitan Water Reclamation District of Greater Chicago GO 5.000%  12/1/2031      1,000      1,006
9 Northeastern Illinois University (Capital Improvement Project) COP 5.000%   7/1/2027        375        380
9 Northeastern Illinois University (Capital Improvement Project) COP 5.000%   7/1/2029        535        558
9 Northeastern Illinois University (Capital Improvement Project) COP 5.000%   7/1/2030        250        263
  Northern Illinois Municipal Power Agency Electric Power & Light Revenue 5.000%  12/1/2030      1,040      1,046
9 Northern Illinois University Local or Guaranteed Housing Revenue 5.000%  10/1/2026        600        602
9 Rock Island Henry Mercer Etc Counties Community College District No. 503 GO 4.000%  12/1/2026      1,350      1,354
1 Sales Tax Securitization Corp. Intergovernmental Agreement Revenue TOB VRDO 2.260%   8/6/2026      7,500      7,500
  Sales Tax Securitization Corp. Sales Tax Revenue 5.500%   1/1/2031        615        648
1 Sales Tax Securitization Corp. Sales Tax Revenue TOB VRDO 2.210%   8/6/2026      9,405      9,405
1 Sales Tax Securitization Corp. Sales Tax Revenue TOB VRDO 2.260%   8/6/2026     25,620     25,620
1 Sales Tax Securitization Corp. Sales Tax Revenue TOB VRDO 2.260%   8/6/2026      3,990      3,990
1 Sales Tax Securitization Corp. Sales Tax Revenue TOB VRDO 2.280%   8/6/2026     16,960     16,960
  Schaumburg IL GO 3.000%  12/1/2027      2,310      2,305
  Schaumburg IL GO 3.500%  12/1/2027        650        650
9 Southern Illinois University College & University Revenue 5.000%   4/1/2027        215        217
9 Southern Illinois University College & University Revenue 5.000%   4/1/2028        275        283
  Southwestern Illinois Development Authority CP 2.580%   8/4/2026     49,870     49,870
  Southwestern Illinois Development Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2027      4,665      4,714
  Southwestern Illinois Development Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2028      5,370      5,529
9 Southwestern Illinois Development Authority Intergovernmental Agreement Revenue 5.000%  12/1/2027        200        205
9 Southwestern Illinois Development Authority Intergovernmental Agreement Revenue 5.000%  12/1/2028        250        261
9 Southwestern Illinois Development Authority Intergovernmental Agreement Revenue 5.000%  12/1/2029        465        492
9 Southwestern Illinois Development Authority Intergovernmental Agreement Revenue 5.000%  12/1/2030        365        391
9 Southwestern Illinois Development Authority Intergovernmental Agreement Revenue (Local Government Program) 5.000%   1/1/2031        100        107
9 Southwestern Illinois Development Authority Intergovernmental Agreement Revenue (Local Government Program) 5.000%   1/1/2032         75         81
2 St. Clair County School District No. 119 Belle Valley GO 5.000%   4/1/2030      1,500      1,502
  Upper Illinois River Valley Development Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2027      1,145      1,168
12 Vermilion & Champaign Counties Community Unit School District No. 76 Oakwood GO, 7.000% coupon rate effective 10/1/2026 3.750%  12/1/2027      1,200      1,200
                                       988,474
Indiana (1.1%)
  Brownsburg 1999 School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/2028        100        103
  Carmel Local Public Improvement Bond Bank Indirect Ad Valorem Property Revenue 5.000%  7/15/2030        110        110
  Carmel Local Public Improvement Bond Bank Indirect Ad Valorem Property Revenue 5.000%  7/15/2031      2,935      2,937
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Carmel Local Public Improvement Bond Bank Indirect Ad Valorem Property Revenue 5.000%  7/15/2033      2,795      2,797
  Center Grove Community School Corp. GO 5.000%   1/1/2027      1,520      1,530
  Fort Wayne IN Waterworks Utility Water Revenue 4.000%  12/1/2030      1,000      1,001
  Fort Wayne IN Waterworks Utility Water Revenue 4.000%  12/1/2032      1,310      1,310
  Indiana Finance Authority College & University Revenue (Depauw University Project) 5.000%  10/1/2027        155        158
  Indiana Finance Authority College & University Revenue (Depauw University Project) 5.000%  10/1/2029        170        177
  Indiana Finance Authority College & University Revenue (Depauw University Project) 5.000%  10/1/2031        140        148
  Indiana Finance Authority College & University Revenue (Depauw University Project) 4.000%   7/1/2033        620        615
  Indiana Finance Authority College & University Revenue (Depauw University Project) 5.000%  10/1/2033        100        106
  Indiana Finance Authority College & University Revenue (Marian University Project) 5.000%  9/15/2028        100        103
  Indiana Finance Authority College & University Revenue (Marian University Project) 5.000%  9/15/2029        230        238
  Indiana Finance Authority College & University Revenue (Marian University Project) 5.000%  9/15/2030        165        172
  Indiana Finance Authority College & University Revenue (Marian University Project) 5.000%  9/15/2031        205        214
  Indiana Finance Authority College & University Revenue (Marian University Project) 5.000%  9/15/2032        250        261
  Indiana Finance Authority College & University Revenue (Taylor University Project) 5.000%   9/1/2027        350        358
  Indiana Finance Authority College & University Revenue (Taylor University Project) 5.000%   9/1/2028        230        238
  Indiana Finance Authority College & University Revenue (Taylor University Project) 5.000%   9/1/2029        250        262
  Indiana Finance Authority College & University Revenue (Taylor University Project) 5.000%   9/1/2030        260        276
  Indiana Finance Authority College & University Revenue (University of Indianapolis Project) 5.000%  10/1/2028      1,035      1,064
  Indiana Finance Authority College & University Revenue (University of Indianapolis Project) 5.000%  10/1/2029      1,085      1,124
  Indiana Finance Authority College & University Revenue (University of Indianapolis Project) 5.000%  10/1/2030        745        777
  Indiana Finance Authority College & University Revenue (University of Indianapolis Project) 5.000%  10/1/2031        800        838
  Indiana Finance Authority Electric Power & Light Revenue (Ohio Valley Electric Corp. Project) 3.000%  11/1/2030        420        408
  Indiana Finance Authority Electric Power & Light Revenue (Ohio Valley Electric Corp. Project) 3.000%  11/1/2030        575        559
  Indiana Finance Authority Electric Power & Light Revenue (Ohio Valley Electric Corp. Project) 4.250%  11/1/2030      4,680      4,774
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2027        275        278
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  9/15/2027        705        714
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  9/15/2029      1,165      1,188
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2031      2,220      2,224
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2031      6,360      6,846
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/2033      1,320      1,439
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue (Indiana Masonic Home Project) 4.300%   5/1/2029        750        758
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue (Margaret Mary Health Project) 5.000%   3/1/2027      1,275      1,285
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue (Margaret Mary Health Project) 5.000%   3/1/2028      1,340      1,366
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue PUT 2.100%  11/1/2026      1,520      1,511
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2029     31,600     33,243
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2031     30,000     32,263
3 Indiana Finance Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap Index Yield + 0.300% 2.460%   3/1/2039      3,350      3,343
  Indiana Finance Authority Industrial Revenue (United States Steel Corp. Project) 4.125%  12/1/2026     10,905     10,922
  Indiana Finance Authority Industrial Revenue (Valley Electric Corp. Project) 2.500%  11/1/2030      2,505      2,386
  Indiana Finance Authority Resource Recovery Revenue (Republic Services Inc. Project) PUT 2.550%   9/1/2026     15,335     15,333
  Indiana Finance Authority Water Revenue 5.000%  10/1/2029        500        502
  Indiana Housing & Community Development Authority Local or Guaranteed Housing Revenue (Flats on 14th Project) PUT 2.750%   4/1/2028      1,553      1,540
  Indiana Housing & Community Development Authority Local or Guaranteed Housing Revenue (Foundry Row Project) PUT 3.350%   1/1/2028      2,000      2,006
  Indiana Housing & Community Development Authority Local or Guaranteed Housing Revenue PUT 3.300%   1/1/2028      1,960      1,963
  Indiana Housing & Community Development Authority Local or Guaranteed Housing Revenue PUT 2.900%   3/1/2028        775        771
  Indiana State University College & University Revenue 5.000%  10/1/2027        275        276
  Indiana State University College & University Revenue 5.000%  10/1/2031        350        351
1,4 Public Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.220%   8/6/2026     32,650     32,650
  Richmond Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2028      1,000      1,002
  Rockport IN Electric Power & Light Revenue PUT 3.700%   6/1/2029     11,280     11,385
  Westfield High School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/2028        495        506
  Westfield High School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2028        255        265
  Westfield High School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2029        230        243
  Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/2027        450        454
9 Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2027        400        408
  Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2027        210        213
  Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/2028        470        483
  Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2028        485        504
  Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/2029        490        513
  Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2029        505        532
  Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2029        400        421
  Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2029        275        290
  Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/2030        800        848
  Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  1/15/2030        270        286
  Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2030        820        874
  Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2030        550        586
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Westfield-Washington Schools GO 5.000%  1/15/2027      1,585      1,600
  Westfield-Washington Schools GO 5.000%  7/15/2027        865        882
  Westfield-Washington Schools GO 5.000%  1/15/2028        615        633
                                       200,744
Iowa (0.5%)
  Crawford County Memorial Hospital Inc. Health, Hospital, Nursing Home Revenue (Crawford County Memorial Hospital Project) BAN 5.000%  6/15/2027      1,515      1,519
  Guthrie County Hospital Health, Hospital, Nursing Home Revenue BAN 4.500%   2/1/2029        655        653
  Iowa Finance Authority Health, Hospital, Nursing Home Revenue 6.600%  5/15/2028        480        497
  Iowa Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2031        185        184
  Iowa Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2031      1,060      1,062
  Iowa Finance Authority Health, Hospital, Nursing Home Revenue PUT 3.950%  5/15/2031      1,235      1,235
3 Iowa Finance Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap Index Yield + 0.850% 3.010%  2/15/2035     24,355     24,355
1,4 Iowa Finance Authority Local or Guaranteed Housing Revenue TOB VRDO 2.560%   8/6/2026      8,360      8,360
1,4 Iowa Finance Authority Multifamily Local or Guaranteed Housing Revenue TOB VRDO 2.460%   8/6/2026      2,155      2,155
  Iowa Higher Education Loan Authority College & University Revenue (Des Moines University Project) 5.000%  10/1/2026        420        421
  PEFA Inc. Natural Gas Revenue (Gas Project) 5.000%   4/1/2027        545        550
  PEFA Inc. Natural Gas Revenue (Gas Project) 5.000%   4/1/2028        330        338
  PEFA Inc. Natural Gas Revenue (Gas Project) 5.000%   4/1/2029        380        393
  PEFA Inc. Natural Gas Revenue (Gas Project) 5.000%   4/1/2030        410        426
  PEFA Inc. Natural Gas Revenue PUT 5.000%   9/1/2026     39,425     39,483
  University of Iowa College & University Revenue 3.000%   7/1/2027        615        615
  Winterset IA Sewer Miscellaneous Revenue 4.000%   6/1/2029      1,700      1,711
  Xenia Rural Water District Water Revenue, Prere. 5.000%  12/1/2028      1,150      1,156
                                        85,113
Kansas (0.4%)
  Burlington KS Industrial Revenue (Evergy Metro Inc. Project) PUT 3.375%   6/2/2031      8,920      8,796
  Kansas Development Finance Authority Appropriations Revenue (State of Kansas Project) 5.000%  11/1/2028      4,515      4,637
  Kansas Development Finance Authority Local or Guaranteed Housing Revenue PUT 5.000%   6/1/2027      4,731      4,760
  Kansas Development Finance Authority Local or Guaranteed Housing Revenue PUT 2.950%   9/1/2027      1,600      1,594
  Kansas Development Finance Authority Local or Guaranteed Housing Revenue PUT 3.050%  12/1/2028      1,045      1,041
1,4 Kansas Development Finance Authority Local or Guaranteed Housing Revenue TOB VRDO 3.250%   8/3/2026      7,490      7,490
  Lawrence KS Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029      1,065      1,098
9 Manhattan KS GO 5.000%  6/15/2028     17,290     17,312
  Manhattan KS Health, Hospital, Nursing Home Revenue 3.750%   6/1/2031        330        328
  Manhattan KS Health, Hospital, Nursing Home Revenue 4.200%   6/1/2032        350        347
  Sedgwick County Public Building Commission Lease Revenue 3.000%   8/1/2028      1,285      1,282
2 Sedgwick County Unified School District No. 263 Mulvane GO 5.000%   9/1/2027        265        271
2 Sedgwick County Unified School District No. 263 Mulvane GO 5.000%   9/1/2027        485        496
2 Sedgwick County Unified School District No. 263 Mulvane GO 5.000%   9/1/2032        140        153
  Shawnee County KS Local or Guaranteed Housing Revenue PUT 3.750%   5/1/2028      2,415      2,425
  St. Marys KS Industrial Revenue 3.500%  4/15/2032      1,000        981
  University of Kansas Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2027        850        860
  University of Kansas Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2028      1,000      1,033
  University of Kansas Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2029      2,160      2,266
  University of Kansas Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2030      2,060      2,190
  University of Kansas Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2031      1,340      1,441
  University of Kansas Hospital Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   3/1/2030      2,800      2,957
  Wamego KS Industrial Revenue 3.500%  4/15/2032     14,280     14,002
  Wichita KS Local or Guaranteed Housing Revenue PUT 3.150%   2/1/2029      1,030      1,028
  Wichita KS Water & Sewer Utility Water Revenue 3.000%  10/1/2027        700        699
  Wyandotte County-Kansas City Unified Government Utility System Electric Power & Light Revenue 5.000%   9/1/2027        615        616
  Wyandotte County-Kansas City Unified Government Utility System Electric Power & Light Revenue 5.000%   9/1/2030      1,250      1,251
                                        81,354
Kentucky (2.2%)
  Elizabethtown KY GO 2.625%   8/1/2030        220        210
1,9 Fayette County KY School District GO PUT TOB 2.330%  9/17/2026      7,925      7,925
  Fayette County KY School District GO TRAN 4.000%  6/15/2027     13,375     13,483
  Kentucky Asset Liability Commission Appropriations Revenue (Project NTS-Federal Highway Trust) 5.000%   9/1/2026      1,780      1,783
  Kentucky Bond Development Corp. College & University Revenue 5.000%  4/30/2030        450        477
  Kentucky Bond Development Corp. College & University Revenue 5.000%  4/30/2031        465        498
  Kentucky Bond Development Corp. College & University Revenue 5.000%  4/30/2032        200        216
  Kentucky Bond Development Corp. College & University Revenue 5.000% 10/31/2032        200        217
1,4 Kentucky Bond Development Corp. Health, Hospital, Nursing Home Revenue PUT TOB 2.340%  9/17/2026      7,365      7,365
2 Kentucky Bond Development Corp. Local or Guaranteed Housing Revenue 5.000%   7/1/2032        100        108
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2027      3,625      3,659
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2031        895        900
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Kentucky Economic Development Finance Authority Resource Recovery Revenue (Republic Services Inc. Project) PUT 2.550%   9/1/2026      6,420      6,419
  Kentucky Housing Corp. Local or Guaranteed Housing Revenue (Beecher Terrace Phase IV Project) PUT 5.000%   9/1/2026      3,955      3,961
  Kentucky Housing Corp. Local or Guaranteed Housing Revenue PUT 3.150%   5/1/2029      1,620      1,614
  Kentucky Interlocal School Transportation Association COP 4.000%   3/1/2029        450        456
  Kentucky Municipal Energy Agency Electric Power & Light Revenue (Energy Center I Project) 5.000%   1/1/2029      1,065      1,112
7 Kentucky Municipal Power Agency Electric Power & Light Revenue 5.000%   9/1/2026      1,000      1,000
7 Kentucky Municipal Power Agency Electric Power & Light Revenue 5.000%   9/1/2027      3,310      3,310
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/2026      1,220      1,222
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/2027      1,000      1,022
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/2028        625        649
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/2029        660        695
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/2030        720        768
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/2031      1,695      1,740
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/2031      1,025      1,101
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/2032        735        793
  Kentucky Public Energy Authority Natural Gas Revenue 4.000%   8/1/2026      1,885      1,885
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%   8/1/2026        800        800
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%  12/1/2026      1,000      1,005
  Kentucky Public Energy Authority Natural Gas Revenue 4.000%   2/1/2027      2,115      2,121
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%   2/1/2027        500        504
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%   6/1/2027        700        709
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%   7/1/2027        575        583
  Kentucky Public Energy Authority Natural Gas Revenue 4.000%   8/1/2027      1,990      2,002
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%   8/1/2027      1,150      1,168
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%  12/1/2027        800        815
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%   2/1/2028        600        613
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%   6/1/2028        655        672
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%   7/1/2028      1,100      1,129
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%   8/1/2028        250        257
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%  12/1/2028      1,080      1,113
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%   2/1/2029        650        670
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%   6/1/2029        985      1,019
  Kentucky Public Energy Authority Natural Gas Revenue PUT 4.000%   2/1/2028     31,565     31,798
  Kentucky Public Energy Authority Natural Gas Revenue PUT 5.250%  12/1/2029    180,860    190,171
  Kentucky Public Energy Authority Natural Gas Revenue PUT 5.000%   7/1/2030      1,000      1,036
  Kentucky Public Energy Authority Natural Gas Revenue PUT 4.000%   8/1/2030     15,345     15,420
  Kentucky Public Energy Authority Natural Gas Revenue PUT 5.000%   8/1/2032      1,000      1,041
5 Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 135) 5.000%   3/1/2027      2,475      2,507
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2026      1,640      1,645
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2028        900        937
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2029      3,450      3,462
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2029      4,055      4,276
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030      9,145      9,733
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2031      7,715      7,742
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2031      4,275      4,588
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2032     11,560     11,601
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2026     14,820     14,873
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2029      2,625      2,749
  Madison County KY GO 3.000%   6/1/2030        490        476
  Owensboro KY Electric Light & Power System Electric Power & Light Revenue 5.000%   1/1/2027      2,025      2,039
  Paducah Electric Plant Board Electric Power & Light Revenue 5.000%  10/1/2027        875        895
  Paducah Electric Plant Board Electric Power & Light Revenue 5.000%  10/1/2028        360        375
  Paducah Electric Plant Board Electric Power & Light Revenue 5.000%  10/1/2029        420        443
  Paducah Electric Plant Board Electric Power & Light Revenue 5.000%  10/1/2030        415        443
  Paducah Electric Plant Board Electric Power & Light Revenue 5.000%  10/1/2031        915        984
  Paducah Electric Plant Board Electric Power & Light Revenue 5.000%  10/1/2032      1,115      1,206
  Pikeville KY College & University Revenue BAN 3.800%   8/1/2028      1,985      1,980
  University of Louisville College & University Revenue 5.000%   3/1/2031        205        205
  University of Louisville College & University Revenue 5.000%   3/1/2032      3,450      3,453
  Warren County School District Finance Corp. Lease (Renewal) Revenue 3.000%   4/1/2028      1,000        995
                                       396,841
Louisiana (1.0%)
  Calcasieu Parish Memorial Hospital Service District Health, Hospital, Nursing Home Revenue 5.000%  12/1/2026      2,455      2,460
  Calcasieu Parish Memorial Hospital Service District Health, Hospital, Nursing Home Revenue 5.000%  12/1/2028      1,210      1,225
  Calcasieu Parish Memorial Hospital Service District Health, Hospital, Nursing Home Revenue 5.000%  12/1/2029      1,930      1,956
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue (Benoit Townhomes Project) PUT 3.750%   8/1/2026      3,850      3,850
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue (BW Cooper Senior Project) PUT 3.200%   8/1/2028      1,105      1,105
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue (Capstone at Covington Place Project) PUT 3.100%   5/1/2028      2,345      2,345
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue (Capstone at the Oaks Project) PUT 3.200%  12/1/2026      1,340      1,340
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue (Hampton Park Project) PUT 3.150%   7/1/2028        925        925
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue (Highland Place Township Project) PUT 5.000%   7/1/2027      3,709      3,744
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue (Imperial Terrace Project) PUT 3.100%   5/1/2028      3,725      3,718
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue (King Oaks V Project) PUT 2.700%  10/1/2028        950        938
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue (NSA East Bank Apartments Project) PUT 3.150%   4/1/2029      5,330      5,277
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue PUT 5.000%   4/1/2027      1,457      1,475
1,4 Louisiana Housing Corp. Multifamily Local or Guaranteed Housing Revenue TOB VRDO 2.390%   8/6/2026      7,465      7,465
1 Louisiana Local Government Environmental Facilities & Community Development Authority Health, Hospital, Nursing Home Revenue (Christwood Project) 4.250% 11/15/2030        900        901
  Louisiana Local Government Environmental Facilities & Community Development Authority Health, Hospital, Nursing Home Revenue (Woman's Hospital Foundation Project) 5.000%  10/1/2028      1,270      1,296
  Louisiana Local Government Environmental Facilities & Community Development Authority Industrial Revenue 5.000%  8/15/2028      1,945      1,983
  Louisiana Local Government Environmental Facilities & Community Development Authority Industrial Revenue 5.000%  8/15/2029      1,250      1,273
  Louisiana Local Government Environmental Facilities & Community Development Authority Industrial Revenue (Westlake Chemical Corp. Project) 3.500%  11/1/2032      6,545      6,330
  Louisiana Offshore Terminal Authority Industrial Revenue (Loop LLC Project) 4.150%   9/1/2027      7,720      7,782
  Louisiana Offshore Terminal Authority Industrial Revenue (Loop LLC Project) PUT 4.200%   9/1/2028      4,610      4,645
  Louisiana Offshore Terminal Authority Industrial Revenue (Loop LLC Project) PUT 4.200%   9/1/2028      3,055      3,078
  Louisiana Offshore Terminal Authority Port, Airport & Marina Revenue (Loop LLC Project) PUT 4.200%  10/1/2026      2,100      2,102
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2030     18,975     20,082
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue (Louisiana Children's Medical Center Project) PUT 5.000%   6/1/2028      3,525      3,628
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue (Ochsner Clinic Foundation Project) 5.000%  5/15/2027        125        127
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue (Ochsner Clinic Foundation Project) 5.000%  5/15/2028      1,035      1,050
1 Louisiana Public Facilities Authority Revenue (Touro Infirmary Project) 3.900%  8/15/2029      8,617      8,592
  New Orleans LA (Audubon Commission Projects) GO 5.000%  10/1/2028        210        217
  New Orleans LA GO 5.000%  12/1/2026        400        402
  New Orleans LA GO 5.000%  12/1/2026      1,035      1,041
  New Orleans LA GO 5.000%  12/1/2026        405        407
  New Orleans LA GO 5.000%  10/1/2028        205        212
  New Orleans LA GO 5.000%  12/1/2028        480        484
  New Orleans LA GO 5.000%  12/1/2030        140        141
  New Orleans LA GO 5.000%  12/1/2030        650        685
  New Orleans LA GO 5.000%  12/1/2031      1,470      1,540
  New Orleans LA GO 5.000%  12/1/2031        590        626
  New Orleans LA GO 5.000%  12/1/2031        370        392
1,4 New Orleans Louisiana Finance Authority Lease (Non-Terminable) Revenue PUT TOB 2.340% 10/22/2026     24,805     24,805
  Parish of St. John the Baptist LA Industrial Revenue (Marathon Oil Corp. Project) PUT 3.000%   7/2/2029     22,785     22,629
  Shreveport LA GO 5.000%   9/1/2026      1,125      1,126
2 Shreveport LA GO 5.000%   3/1/2027      1,000      1,010
2 Shreveport LA GO 5.000%   3/1/2027        350        354
2 Shreveport LA Water & Sewer Water Revenue 5.000%  12/1/2026        420        422
2 Shreveport LA Water & Sewer Water Revenue 5.000%  12/1/2027        335        343
2 Shreveport LA Water & Sewer Water Revenue 5.000%  12/1/2028        370        386
9 Shreveport LA Water & Sewer Water Revenue 5.000%  12/1/2028        100        101
2 Shreveport LA Water & Sewer Water Revenue 5.000%  12/1/2029        810        856
2 Shreveport LA Water & Sewer Water Revenue 5.000%  12/1/2030        675        721
  St. James Parish LA Industrial Revenue (Nustar Logistics LP Project) PUT 3.700%   6/1/2030      2,980      2,985
  St. John Parish the Baptist LA Industrial Revenue (Marathon Oil Corp. Project) PUT 3.300%   7/3/2028     15,315     15,604
  St. Tammany Parish Hospital Service District No.1 Health, Hospital, Nursing Home Revenue (St. Tammany PSH Hospital Project) 5.000%   7/1/2029      2,265      2,376
  Tangipahoa Parish Hospital Service District No. 1 Health, Hospital, Nursing Home Revenue (North Oaks Health System Project) 5.000%   2/1/2027      1,035      1,043
  Terrebonne Parish Hospital Service District No. 1 Health, Hospital, Nursing Home Revenue (Terrebonne General Medical Center Project) 5.000%   4/1/2027        700        709
  Terrebonne Parish Hospital Service District No. 1 Health, Hospital, Nursing Home Revenue (Terrebonne General Medical Center Project) 5.000%   4/1/2029      1,420      1,478
                                       183,787
Maine (0.2%)
1,2 Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.190%   8/6/2026      8,000      8,000
  Maine State Housing Authority Local or Guaranteed Housing Revenue 3.300% 11/15/2026      6,680      6,683
  Maine State Housing Authority Local or Guaranteed Housing Revenue 3.375% 11/15/2027      2,680      2,690
  Maine State Housing Authority Local or Guaranteed Housing Revenue 3.450% 11/15/2027      3,910      3,933
  Maine State Housing Authority Local or Guaranteed Housing Revenue 3.000% 11/15/2028      1,085      1,082
  Maine State Housing Authority Local or Guaranteed Housing Revenue 3.450% 11/15/2028      4,200      4,212
  Maine State Housing Authority Local or Guaranteed Housing Revenue 3.500% 11/15/2028      1,000      1,009
  Maine State Housing Authority Local or Guaranteed Housing Revenue 2.950% 11/15/2029        780        775
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Maine State Housing Authority Local or Guaranteed Housing Revenue 3.050% 11/15/2029      2,805      2,785
  Maine State Housing Authority Local or Guaranteed Housing Revenue 3.600% 11/15/2029      1,300      1,310
  Maine State Housing Authority Local or Guaranteed Housing Revenue 2.800% 11/15/2030        500        486
  Maine State Housing Authority Local or Guaranteed Housing Revenue 3.100% 11/15/2030      1,325      1,301
  Maine State Housing Authority Local or Guaranteed Housing Revenue 3.150% 11/15/2030        850        842
  Maine State Housing Authority Local or Guaranteed Housing Revenue 2.900% 11/15/2031        700        680
  Maine State Housing Authority Local or Guaranteed Housing Revenue 3.300% 11/15/2031        895        884
  Regional School Unit No. 14 GO 5.000%  11/1/2027      2,335      2,403
                                        39,075
Maryland (0.6%)
1,4 Baltimore County MD Health, Hospital, Nursing Home Revenue TOB VRDO 2.510%   8/6/2026      5,015      5,015
  Baltimore MD Sewer Revenue 5.000%   7/1/2031      2,500      2,503
1 Baltimore MD Sewer Revenue (Wastewater Project) TOB VRDO 2.230%   8/6/2026     19,385     19,385
  Baltimore MD Water Revenue 5.000%   7/1/2030      1,000      1,001
  Calvert County MD GO 2.750%   7/1/2030      1,230      1,188
1 Frederick County MD College & University Revenue 5.000%   9/1/2027        325        325
  Maryland Community Development Administration Local or Guaranteed Housing Revenue 3.300%   1/1/2029      2,735      2,744
1 Maryland Department of Housing & Community Development Local or Guaranteed Housing Revenue TOB VRDO 2.190%   8/6/2026      2,390      2,390
  Maryland Economic Development Corp. Local or Guaranteed Housing Revenue 5.000%   6/1/2027        550        557
  Maryland Economic Development Corp. Local or Guaranteed Housing Revenue (Prg - Towson Place Properties LLC Project) 5.000%   6/1/2031        570        598
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.500%   1/1/2027      1,250      1,260
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027        525        533
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027      1,320      1,341
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   1/1/2028        950        957
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029      3,610      3,807
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029        380        399
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030      1,330      1,412
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032      1,335      1,442
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/2027     10,100     10,181
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/2031      2,000      2,118
1,4 Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.510%   8/6/2026     12,570     12,570
1,3 Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap Index Yield + 0.540% 2.700%   7/1/2041     17,585     17,585
1 Maryland Stadium Authority Lottery Revenue TOB VRDO 3.150%   8/3/2026      4,675      4,675
1 Montgomery County Housing Opportunities Commission Local or Guaranteed Housing Revenue TOB VRDO 2.190%   8/6/2026      5,400      5,400
1 Montgomery County MD Health, Hospital, Nursing Home Revenue TOB VRDO 2.190%   8/6/2026      1,470      1,470
  Washington Suburban Sanitary Commission Water Revenue 3.000%   6/1/2028      2,500      2,489
1 Washington Suburban Sanitary District Water Revenue TOB VRDO 2.190%   8/6/2026      1,750      1,750
  Westminster MD College & University Revenue 5.000%  11/1/2030        395        396
  Westminster MD College & University Revenue 5.000%  11/1/2031        375        376
                                       105,867
Massachusetts (1.9%)
  Abington MA BAN GO 4.000%  4/22/2027      5,311      5,339
  Becket MA BAN GO 4.250%  8/20/2026      1,974      1,975
  Commonwealth of Massachusetts GO 3.000%   9/1/2027      2,000      2,000
1 Commonwealth of Massachusetts GO TOB VRDO 2.190%   8/6/2026      6,785      6,785
  Greater Attleboro-Taunton Regional Transit Authority Transit Revenue RAN 4.000%  8/14/2026      5,135      5,136
  Hubbardston MA BAN GO 5.000%  9/17/2026      2,822      2,827
  Hudson MA BAN GO 4.000%  6/10/2027     13,721     13,786
  Ludlow MA BAN GO 4.000%  9/10/2026      3,661      3,665
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2026      2,005      2,004
  Massachusetts Development Finance Agency College & University Revenue 5.000%   1/1/2027        160        161
  Massachusetts Development Finance Agency College & University Revenue 5.000%   6/1/2027        220        221
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/2027        635        640
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/2027        100        101
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/2027        195        197
  Massachusetts Development Finance Agency College & University Revenue 4.000%   7/1/2028        655        653
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/2028      1,350      1,360
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2028      1,600      1,600
  Massachusetts Development Finance Agency College & University Revenue 4.000%   7/1/2029        340        338
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/2029      1,675      1,683
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/2029        425        431
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/2029        770        770
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2030        580        580
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/2031        570        572
  Massachusetts Development Finance Agency College & University Revenue 5.000%   1/1/2032        785        792
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/2032        900        900
1,4 Massachusetts Development Finance Agency College & University Revenue TOB VRDO 2.190%   8/6/2026      3,415      3,415
1 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  6/15/2027      2,060      2,096
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027      2,820      2,847
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027      1,025      1,026
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027        680        689
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027        360        366
1 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 4.000%  10/1/2027        450        452
1 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  6/15/2028      2,160      2,238
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028      5,030      5,035
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028      1,500      1,501
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028        830        851
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029      1,680      1,680
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029        565        591
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029      8,600      8,974
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  10/1/2029      1,000      1,047
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030        600        610
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030        650        688
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031      1,125      1,126
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031      3,030      3,032
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  10/1/2031        355        379
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032      1,100      1,100
1 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 4.000%  10/1/2032      2,075      2,070
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  10/1/2032      1,220      1,309
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue PUT 5.000%  1/31/2030        450        476
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2031      3,475      3,672
1,4 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue TOB VRDO 2.250%   8/6/2026      5,310      5,310
1,4 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue TOB VRDO 2.460%   8/6/2026        630        630
  Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue (Umass Boston Student Housing Program) 5.000%  10/1/2026      2,225      2,230
  Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue (Umass Dartmouth Student Housing Project) 5.000%  10/1/2027        680        681
8 Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.300%  12/1/2026      1,380      1,380
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.600%  12/1/2026        325        325
8 Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.350%   6/1/2027        945        945
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.050%  12/1/2027      2,265      2,267
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.400%  12/1/2027      2,750      2,752
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%  12/1/2027      4,695      4,707
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.700%   6/1/2028     23,205     23,359
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.450%  12/1/2028      3,675      3,687
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 4.050%  12/1/2028      1,000      1,009
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.500%   6/1/2029        250        251
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.750%   6/1/2029     18,265     18,428
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 2.900%  12/1/2029        100         99
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 2.900%  12/1/2029      2,000      1,985
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.100%  12/1/2029     15,890     15,688
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 2.950%   6/1/2030        100         99
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.150%   6/1/2030     14,185     13,954
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.000%  12/1/2030        120        118
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.000%  12/1/2030      2,000      1,956
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.050%   6/1/2031        125        123
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.050%   6/1/2031      3,460      3,404
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.150%  12/1/2031        130        128
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.200%   6/1/2032        130        127
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.250%  12/1/2032        100         98
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.900%   6/1/2029      2,000      2,023
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.900%   6/1/2029      2,475      2,503
  Merrimack Valley Regional Transit Authority Transit Revenue 4.000%  6/17/2027      6,400      6,438
  Methuen MA BAN GO 4.000%   6/4/2027      1,000      1,007
1,4 Nuveen AMT-Free Quality Municipal Income Fund VRDO VRDP 2.220%   8/6/2026      3,500      3,500
1,4 Public Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.220%   8/6/2026     21,025     21,025
  Quincy MA BAN GO 5.000%  9/29/2026     41,327     41,462
  Quincy MA BAN GO 5.000%  8/13/2027     54,725     55,845
  Southeastern Regional Transit Authority Transit Revenue RAN 4.000%  8/14/2026      7,500      7,502
  Swansea Water District BAN GO 4.000%  9/24/2026      3,450      3,453
                                       352,284
Michigan (2.2%)
13 Carrollton MI Public School District GO 2.750%   5/1/2029        430        418
1,2,13 Detroit MI City School District GO TOB VRDO 2.320%   8/6/2026      5,390      5,390
  Detroit MI GO 5.000%   4/1/2027      1,700      1,718
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Detroit MI GO 5.000%   4/1/2029      1,000      1,024
  Detroit MI GO 5.000%   4/1/2032        500        525
1 Detroit MI Regional Convention Facility Authority Special Tax Revenue TOB VRDO 2.210%   8/6/2026     32,075     32,075
  Ferris State University College & University Revenue 5.000%  10/1/2027        580        594
  Ferris State University College & University Revenue 5.000%  10/1/2029        350        370
  Ferris State University College & University Revenue 5.000%  10/1/2030        625        670
  Ferris State University College & University Revenue 5.000%  10/1/2031        655        709
  Grand Rapids Economic Development Corp. Health, Hospital, Nursing Home Revenue (Beacon Hill at Eastgate Project) 4.125%  11/1/2030      5,875      5,871
  Grand Rapids Economic Development Corp. Health, Hospital, Nursing Home Revenue (Beacon Hill at Eastgate Project) 4.250%  11/1/2030      7,875      7,865
  Great Lakes Water Authority Water Supply System Water Revenue PUT 3.450%   7/1/2030      2,960      2,965
1 Kalamazoo Economic Development Corp. Health, Hospital, Nursing Home Revenue 3.900%  8/15/2031        750        737
1 Kalamazoo Economic Development Corp. Health, Hospital, Nursing Home Revenue 4.250%  8/15/2031      1,615      1,587
  Kalamazoo Public Schools GO 3.000%   5/1/2027      1,000      1,000
  Lansing Board of Water & Light Electric Power & Light Revenue PUT 5.000%   7/1/2031      1,320      1,430
1 Lansing Board of Water & Light Multiple Utility Revenue TOB VRDO 2.190%   8/6/2026      2,705      2,705
  Michigan (Environmental Program) GO 3.000%   5/1/2030        115        113
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.500%  12/1/2027      2,005      2,018
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.500%  12/1/2029      1,950      1,969
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2032      7,570      7,601
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue (Mckenzie Health System Project) 4.000%   1/1/2028     10,195     10,195
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue PUT 3.625%  12/1/2027     30,000     30,098
1 Michigan Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.210%   8/6/2026     10,750     10,750
1,4 Michigan Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.250%   8/6/2026      4,860      4,860
3 Michigan Finance Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal swap Index Yield + 0.750% 2.910%  4/15/2047        380        379
  Michigan Finance Authority Revenue 5.000%   3/1/2031      7,820      8,341
1 Michigan Finance Authority Revenue PUT 3.875%   2/1/2028      6,000      6,002
  Michigan Finance Authority Revenue PUT 3.750%  12/1/2038     10,000     10,167
  Michigan Finance Authority Water Revenue 4.000%  10/1/2030        250        250
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2028        765        792
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2029        555        583
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2029      5,350      5,628
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2030        780        828
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2031      1,250      1,338
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2032      1,260      1,356
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.200%   4/1/2027        285        285
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.750%   4/1/2027      4,465      4,465
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 2.600%   6/1/2027      1,455      1,451
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.250%  10/1/2027        315        315
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 2.650%  12/1/2027      1,380      1,374
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 2.875%   4/1/2028        850        845
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.300%   4/1/2028        465        465
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 2.700%   6/1/2028      2,725      2,711
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 2.950%  10/1/2028        220        218
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 2.750%  12/1/2028        830        824
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 2.900%  12/1/2028      1,595      1,588
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.375%  12/1/2028        670        670
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.000%   4/1/2029        265        263
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.500%   4/1/2029     21,750     21,576
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 2.850%   6/1/2029      1,650      1,625
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.000%   6/1/2029      3,100      3,080
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.050%  10/1/2029        220        219
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.625%  10/1/2029     38,040     38,040
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 2.900%  12/1/2029      1,260      1,236
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.000%  12/1/2029      2,050      2,036
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.150%   4/1/2030        285        281
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.100%   6/1/2030      3,195      3,163
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.300%  10/1/2030     46,310     45,013
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.150%  12/1/2030      1,685      1,670
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.550%  10/1/2031     17,995     17,518
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue (Clark Road Family Apartments Project) PUT 2.670%  10/1/2026        705        705
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue (Clark Road Family Apartments Project) PUT 2.670%  10/1/2026        775        775
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue (Lee Plaza Apartments Project) PUT 5.000%   6/1/2027     15,000     15,231
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue (Midblock Apartments Project) PUT 5.000%   3/1/2028     18,000     18,537
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue PUT 5.000%  12/1/2026      9,925      9,983
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.625%   4/1/2027      3,875      3,878
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue PUT 2.920%   5/1/2027      1,750      1,745
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue PUT 2.950%  11/1/2028        950        942
1 Michigan State Housing Development Authority Local or Guaranteed Housing Revenue TOB VRDO 2.190%   8/6/2026      1,940      1,940
1 Michigan State Trunk Line Fund Bonds Fuel Sales Tax Revenue TOB VRDO 2.190%   8/6/2026     11,200     11,200
  Michigan Strategic Fund Health, Hospital, Nursing Home Revenue 5.000% 11/15/2029        335        345
  University of Michigan College & University Revenue VRDO 1.960%   8/6/2026      7,295      7,295
                                       394,428
Minnesota (2.3%)
  Apple Valley MN GO 2.750% 12/15/2029        285        275
  Byron Independent School District No. 531 GO 2.750%   2/1/2030        740        715
  Chisago City MN GO 2.500%   2/1/2030        275        262
  Cottage Grove MN GO 2.700%   2/1/2030        205        197
  Duluth Independent School District No. 709 GO 0.000%   2/1/2029        600        551
  Duluth Independent School District No. 709 GO 0.000%   2/1/2030        475        418
  Duluth Independent School District No. 709 GO 0.000%   2/1/2031        775        655
  Hennepin County Housing & Redevelopment Authority Local or Guaranteed Housing Revenue PUT 3.150%   8/1/2028      1,000        999
  Maple Grove MN Health, Hospital, Nursing Home Revenue 5.000%   5/1/2029      1,000      1,007
  Maple Grove MN Health, Hospital, Nursing Home Revenue 5.000%   5/1/2030        850        855
  Minneapolis MN Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2028     22,575     23,491
  Minneapolis MN Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2030      4,485      4,766
  Minneapolis MN St. Paul Housing & Redevelopment Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2027      1,000      1,014
  Minnesota Agricultural & Economic Development Board 2.620% 10/13/2026     39,500     39,495
  Minnesota Agricultural & Economic Development Board CP 2.640% 11/19/2026     40,000     39,994
  Minnesota Agricultural & Economic Development Board CP 2.720%  12/1/2026     50,000     50,000
  Minnesota Agricultural & Economic Development Board Health, Hospital, Nursing Home Revenue 5.000% 11/15/2027        390        399
  Minnesota Agricultural & Economic Development Board Health, Hospital, Nursing Home Revenue 5.000% 11/15/2030        600        635
  Minnesota Agricultural & Economic Development Board Health, Hospital, Nursing Home Revenue 5.000% 11/15/2031        875        931
4 Minnesota Agricultural & Economic Development Board Health, Hospital, Nursing Home Revenue VRDO 2.200%   8/6/2026     36,000     36,000
  Minnesota Health & Education Facilities Authority College & University Revenue PUT 5.000%  10/1/2027      2,500      2,527
  Minnesota Health & Education Facilities Authority College & University Revenue PUT 5.000%  10/1/2029      1,000      1,043
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%   2/1/2027      2,100      2,101
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.700%   7/1/2027        405        405
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 3.700%   8/1/2027      4,420      4,435
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.800%   1/1/2028        415        415
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.850%   7/1/2028        420        419
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.700%   1/1/2029        300        296
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.850%   1/1/2029        215        214
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.700%   7/1/2029        155        152
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.950%   7/1/2029        215        213
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.750%   1/1/2030        300        294
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.950%   1/1/2030        150        149
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.800%   7/1/2030        540        527
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 3.000%   7/1/2030        150        148
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.800%   1/1/2031        175        170
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 3.050%   1/1/2031        230        229
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 2.850%   7/1/2031        330        320
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 3.125%   7/1/2031        135        134
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 3.250%   1/1/2032        480        471
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 3.300%   7/1/2032        490        479
  Minnesota Municipal Gas Agency Natural Gas Revenue 4.000%  12/1/2026        300        301
  Minnesota Municipal Gas Agency Natural Gas Revenue 4.000%  12/1/2027        550        555
  Minnesota Municipal Gas Agency Natural Gas Revenue (Gas Project) 5.000%   9/1/2027        250        253
  Minnesota Municipal Gas Agency Natural Gas Revenue (Gas Project) 5.000%   9/1/2028        285        291
  Minnesota Municipal Gas Agency Natural Gas Revenue (Gas Project) 5.000%   9/1/2029        850        872
  Minnesota Municipal Gas Agency Natural Gas Revenue (Gas Project) 5.000%   9/1/2030      1,625      1,669
  Minnesota Municipal Gas Agency Natural Gas Revenue (Gas Project) 5.000%   9/1/2031      1,200      1,233
  Minnesota Municipal Gas Agency Natural Gas Revenue PUT 4.000%  12/1/2027     99,780    100,862
3 Minnesota Municipal Gas Agency Natural Gas Revenue, 67% of SOFR + 1.000% 3.445%  12/1/2052     59,900     60,013
1,4,8 Minnesota Plymouth Multifamily Housing Local or Guaranteed Housing Revenue TOB VRDO 2.460%   8/6/2026      3,170      3,170
  Minnesota Rural Water Finance Authority Inc. Intergovernmental Agreement Revenue 2.875%   1/1/2028      4,800      4,790
  Minnewaska MN Independent School District No. 2149 GO 2.750%   2/1/2030        420        405
  Mounds View MN Local or Guaranteed Housing Revenue (Sibley Court Project) PUT 3.375%   3/1/2028     13,700     13,725
  New Hope MN GO 2.750%   2/1/2029        430        417
  New Ulm MN GO 2.750%  12/1/2030        245        234
  Northern Municipal Power Agency Electric Power & Light Revenue 5.000%   1/1/2027        800        807
  Red Rock Central Independent School District No. 2884 GO 4.000%   2/1/2028        475        483
  Richfield MN GO 2.750%   2/1/2030        500        482
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Shakopee Independent School District No. 720 GO 0.000%   2/1/2028      3,950      3,753
  St. Cloud MN Independent School District No. 742 GO 0.000%   2/1/2027        100         98
  St. Cloud MN Independent School District No. 742 GO 0.000%   2/1/2028        180        172
  St. Cloud MN Independent School District No. 742 GO 0.000%   2/1/2029        100         92
  St. Paul Minnesota Housing & Redevelopment Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030      2,245      2,381
  St. Paul Minnesota Housing & Redevelopment Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031      2,495      2,669
  St. Paul Park MN Health, Hospital, Nursing Home Revenue 4.000%   6/1/2031        500        497
  University of Minnesota College & University Revenue 5.000%   8/1/2028      1,225      1,227
  Washington County Community Development Agency Local or Guaranteed Housing Revenue (Red Rock Manor Project) PUT 3.150%   8/1/2028        830        830
  Woodbury Housing & Redevelopment Authority Local or Guaranteed Housing Revenue PUT 3.200%   2/1/2028      1,250      1,252
                                       421,333
Mississippi (0.2%)
  Gulfport MS Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029      1,380      1,380
  Lowndes County MS Industrial Revenue PUT 2.650%   4/1/2027      9,440      9,402
  Mississippi Business Finance Corp. Resource Recovery Revenue (Waste Management Inc. Project) PUT 0.700%   9/1/2026      1,625      1,622
  Mississippi Business Finance Corp. Water Revenue 3.200%   9/1/2028      2,050      2,050
1 Mississippi Development Bank Special Obligation Revenue 5.000%  10/1/2026        425        425
  Mississippi Gaming Tax Miscellaneous Taxes Revenue 5.000% 10/15/2027      1,175      1,204
  Mississippi GO 4.000%  10/1/2028        100        100
  Mississippi Home Corp. Local or Guaranteed Housing Revenue PUT 3.050%   5/1/2027      1,540      1,539
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   3/1/2027     10,555     10,619
  University of Southern Mississippi College & University Revenue (Facilities Refinancing Project) 5.000%   9/1/2032        400        401
                                        28,742
Missouri (1.1%)
  Branson IDA Tax Increment/Allocation Revenue 4.000%  11/1/2026        925        924
  Cape Girardeau County IDA Health, Hospital, Nursing Home Revenue 5.000%   6/1/2029      1,700      1,782
  Cape Girardeau County IDA Health, Hospital, Nursing Home Revenue 5.000%   6/1/2030      5,845      6,194
  Columbia MO Sewerage System Sewer Revenue 3.500%  10/1/2029        980        980
  Hannibal IDA Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030        555        557
  Jackson County MO Special Obligation Revenue (Truman Sports Complex Project) 5.000%  12/1/2027      1,500      1,504
  Jackson County MO Special Obligation Revenue (Truman Sports Complex Project) 5.000%  12/1/2028      5,500      5,516
  Jackson County MO Special Obligation Revenue (Truman Sports Complex Project) 5.000%  12/1/2029      4,000      4,012
  Joplin IDA Health, Hospital, Nursing Home Revenue 5.000%  2/15/2027      1,060      1,071
  Joplin IDA Health, Hospital, Nursing Home Revenue 5.000%  2/15/2028      1,170      1,205
  Kansas City MO School District COP 5.000%   4/1/2028      1,565      1,620
  Kansas City MO School District COP 5.000%   4/1/2030      1,450      1,542
  Kansas City Planned Industrial Expansion Authority Local or Guaranteed Housing Revenue PUT 5.000%   7/1/2027      7,120      7,176
  Kirkwood IDA Health, Hospital, Nursing Home Revenue (Aberdeen Height Project) 4.500%  5/15/2029        100        100
  Kirkwood IDA Health, Hospital, Nursing Home Revenue (Aberdeen Heights Project) 5.000%  5/15/2027        870        877
  Lees Summit IDA Health, Hospital, Nursing Home Revenue (John Knox Village Project) 5.000%  8/15/2032        220        223
  Metropolitan St. Louis Sewer District Sewer Revenue 5.000%   5/1/2027      3,235      3,292
  Metropolitan St. Louis Sewer District Sewer Revenue 5.000%   5/1/2029      2,000      2,121
  Metropolitan St. Louis Sewer District Sewer Revenue 5.000%   5/1/2030      3,745      4,037
  Metropolitan St. Louis Sewer District Sewer Revenue 5.000%   5/1/2031      3,935      4,303
1 Missouri Development Finance Board Intergovernmental Agreement Revenue TOB VRDO 2.310%   8/6/2026      4,315      4,315
  Missouri Health & Educational Facilities Authority College & University Revenue 5.000%  10/1/2027        950        970
  Missouri Health & Educational Facilities Authority CP 2.580%   6/1/2044     19,000     19,000
1 Missouri Health & Educational Facilities Authority Health Facilities Health, Hospital, Nursing Home Revenue TOB VRDO 2.310%   8/6/2026      5,255      5,255
1 Missouri Health & Educational Facilities Authority Health Facilities Health, Hospital, Nursing Home Revenue TOB VRDO 2.310%   8/6/2026      8,115      8,115
1,9 Missouri Health & Educational Facilities Authority Health Facilities Health, Hospital, Nursing Home Revenue TOB VRDO 2.360%   8/6/2026      4,000      4,000
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2028      2,000      2,072
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2028      1,445      1,447
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2029      1,000      1,041
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2030      7,455      7,740
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2034      2,500      2,502
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue (Lutheran Senior Services Projects) 5.000%   2/1/2028        915        937
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   6/1/2028     20,020     20,720
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue VRDO 2.140%   8/6/2026     20,150     20,150
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue VRDO 2.200%   8/6/2026      8,375      8,375
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 2.700%  11/1/2027        845        843
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 2.500%   5/1/2028        565        558
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 2.750%   5/1/2028      1,170      1,167
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 2.500%  11/1/2028        255        251
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 2.800%  11/1/2028      1,200      1,196
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 2.550%   5/1/2029        580        567
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 2.850%   5/1/2029      1,220      1,214
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 2.600%  11/1/2029        590        573
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 2.950%  11/1/2029      1,000        993
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 2.650%   5/1/2030        500        483
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 3.000%   5/1/2030        985        972
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 2.700%  11/1/2030        460        445
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 3.050%  11/1/2030        840        829
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 2.750%   5/1/2031        315        302
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 3.100%   5/1/2031        790        786
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 2.800%  11/1/2031        350        332
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 3.250%   5/1/2032      1,230      1,205
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 3.300%  11/1/2032      1,160      1,137
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue (Plum Point Project) 5.000%   1/1/2028        675        695
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue (Prairie State Project) 4.000%  12/1/2032      5,000      5,002
  Nixa Public Schools (Direct Deposit Program) GO 2.750%   3/1/2030        865        834
  Springfield MO Special Obligation Revenue 4.000%   5/1/2027        700        701
1,4 St. Johns IDA Multifamily Housing Local or Guaranteed Housing Revenue TOB VRDO 2.390%   8/6/2026      7,270      7,270
1,4 St. Louis IDA Local or Guaranteed Housing Revenue TOB VRDO 2.390%   8/6/2026      3,803      3,803
  St. Louis Missouri IDA Local or Guaranteed Housing Revenue PUT 3.150%   4/1/2028      1,450      1,450
  St. Louis Municipal Finance Corp. Lease (Appropriation) Revenue 5.000%  2/15/2032      1,800      1,802
                                       191,085
Montana (0.2%)
  Forsyth MT Industrial Revenue (Northwestern Corp. Colstrip Project) 3.875%   7/1/2028      9,485      9,591
  Kalispell MT Health, Hospital, Nursing Home Revenue (Immanuel Living at Buffalo Hill Project) 4.250%  5/15/2030      2,115      2,116
  Montana Board of Housing Local or Guaranteed Housing Revenue (Hidden Creek 4 Project) PUT 3.050%   5/1/2029        975        966
  Montana Board of Housing Local or Guaranteed Housing Revenue PUT 3.320%   2/1/2028      1,830      1,835
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue (St. Johns United Project) 4.100% 11/15/2031        950        950
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue (St. Johns United Project) 4.350% 11/15/2032      1,075      1,075
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  2/15/2030      9,500     10,019
  Montana State Board of Regents College & University Revenue 5.000% 11/15/2026        380        382
  Montana State Board of Regents College & University Revenue 5.000% 11/15/2027        370        381
                                        27,315
Multiple States (3.1%)
1 Deutsche Bank Spears/Lifers Trust Local or Guaranteed Housing Revenue TOB VRDO 3.200%   8/3/2026     36,100     36,100
1,3,14 FHLMC Multifamily VRD Certificates Local or Guaranteed Housing Revenue, SIFMA Municipal Swap Index Yield + 0.230% 2.679%  6/15/2035      6,490      6,490
  Nuveen AMT-Free Municipal Credit Income Fund Miscellaneous Revenue VRDO VRDP 2.610%   8/3/2026    110,740    110,740
  Nuveen AMT-Free Municipal Credit Income Fund Miscellaneous Revenue VRDO VRDP 2.610%   8/3/2026     55,315     55,315
  Nuveen AMT-Free Municipal Credit Income Fund Miscellaneous Revenue VRDO VRDP 2.610%   8/3/2026    103,700    103,700
1 Nuveen AMT-Free Quality Municipal Income Fund VRDO VRDP 2.230%   8/6/2026     13,700     13,700
1 Nuveen AMT-Free Quality Municipal Income Fund VRDO VRDP 2.270%   8/6/2026    219,000    219,000
  South Dakota Health & Educational Facilities Authority 2.650% 10/14/2026     26,512     26,506
                                       571,551
Nebraska (1.1%)
1 Boys Town NE Health, Hospital, Nursing Home Revenue TOB VRDO 2.260%   8/6/2026     27,425     27,425
  Central Plains Energy Project Natural Gas Revenue 5.000%   8/1/2029        105        109
  Central Plains Energy Project Natural Gas Revenue (Project No. 3) 5.000%   9/1/2026      3,000      3,004
  Central Plains Energy Project Natural Gas Revenue (Project No. 3) 5.000%   9/1/2028        200        205
  Central Plains Energy Project Natural Gas Revenue (Project No. 3) 5.000%   9/1/2029      2,690      2,779
15 Central Plains Energy Project Natural Gas Revenue (Project No. 4) PUT 5.000%  11/1/2029     27,175     28,229
  Central Plains Energy Project Natural Gas Revenue (Project No. 5) PUT 5.000%  10/1/2029     15,630     16,186
  Central Plains Energy Project Natural Gas Revenue PUT 5.000%   8/1/2031     14,545     15,305
  Douglas County Hospital Authority No. 2 Health, Hospital, Nursing Home Revenue 5.000%  11/1/2028        675        703
  Douglas County Hospital Authority No. 2 Health, Hospital, Nursing Home Revenue 5.000%  11/1/2031      1,390      1,487
  Douglas County Hospital Authority No. 3 Health, Hospital, Nursing Home Revenue 5.000%  11/1/2027        450        461
  Douglas County Hospital Authority No. 3 Health, Hospital, Nursing Home Revenue 5.000%  11/1/2029        670        706
  Douglas County Hospital Authority No. 3 Health, Hospital, Nursing Home Revenue 5.000%  11/1/2031        500        535
  Gretna Public Schools GO 5.000% 12/15/2027      3,655      3,672
  Lincoln NE Local or Guaranteed Housing Revenue PUT 3.370%   7/1/2028      1,950      1,958
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 2.950%   3/1/2030        400        396
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 2.800%   9/1/2030        135        132
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 3.000%   9/1/2030        425        421
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 2.850%   3/1/2031        165        158
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 3.050%   3/1/2031        700        695
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 3.100%   9/1/2031        400        397
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 3.250%   3/1/2032      1,395      1,367
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 3.350%   9/1/2032      1,185      1,162
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue PUT 3.000%   4/1/2027      7,080      7,079
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
1 Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue TOB VRDO 2.190%   8/6/2026      1,500      1,500
1,4 Nebraska Public Power District Electric Power & Light Revenue TOB VRDO 2.460%   8/6/2026      1,315      1,315
  Omaha NE Housing Authority Local or Guaranteed Housing Revenue (Central at Columbus Park Project) PUT 3.150%   6/1/2029      6,530      6,502
  Omaha Public Power District 2.500%  8/19/2026     11,000     10,999
1 Omaha Public Power District Electric Power & Light Revenue TOB VRDO 2.190%   8/6/2026      8,000      8,000
1 Omaha Public Power District Electric Power & Light Revenue TOB VRDO 2.190%   8/6/2026      5,000      5,000
1 Omaha Public Power District Electric Power & Light Revenue TOB VRDO 2.190%   8/6/2026     14,625     14,625
1 Omaha Public Power District Electric Power & Light Revenue TOB VRDO 2.190%   8/6/2026     11,625     11,625
1,4 University of Nebraska Facilities Corp. College & University Revenue PUT TOB 2.340%  10/8/2026     33,300     33,300
                                       207,437
Nevada (0.2%)
  Carson City NV Health, Hospital, Nursing Home Revenue 5.000%   9/1/2029        620        628
  Carson City NV Health, Hospital, Nursing Home Revenue (Carson Tahoe Regional Healthcare Project) 5.000%   9/1/2026        200        200
  Carson City NV Health, Hospital, Nursing Home Revenue (Carson Tahoe Regional Healthcare Project) 5.000%   9/1/2027        705        716
  Humboldt County NV Electric Power & Light Revenue (Sierra Pacific Power Co. Projects) 3.550%  10/1/2029      3,240      3,265
  Humboldt County NV Electric Power & Light Revenue (Sierra Pacific Power Co. Projects) 3.550%  10/1/2029      2,620      2,640
1,4 Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue TOB VRDO 2.280%   8/6/2026      2,500      2,500
1 Las Vegas Convention & Visitors Authority Hotel Occupancy Tax Revenue TOB VRDO 2.280%   8/6/2026      4,000      4,000
  Nevada Housing Division Local or Guaranteed Housing Revenue PUT 3.000%   7/1/2027        650        650
  Nevada Housing Division Local or Guaranteed Housing Revenue PUT 5.000%   7/1/2027        744        757
  Nevada Housing Division Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2029     10,465     10,411
  Nevada Housing Division Local or Guaranteed Housing Revenue PUT 2.950%  12/1/2029      4,000      3,971
  Reno Redevelopment Agency Tax Increment/Allocation Revenue 5.000%   6/1/2027        405        406
  Sparks Tourism Improvement District No. 1 Sales Tax Revenue 3.875%  6/15/2028        565        567
  Washoe County NV Electric Power & Light Revenue (Sierra Pacific Power Co. Projects) PUT 3.625%  10/1/2029      2,100      2,101
                                        32,812
New Hampshire (0.5%)
  Cheshire County NH GO 4.000% 12/30/2026      9,250      9,287
1,4 National Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.460%   8/6/2026     16,330     16,330
  New Hampshire Business Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2031      1,205      1,292
1 New Hampshire Business Finance Authority Health, Hospital, Nursing Home Revenue 5.625% 12/15/2033      1,060      1,073
1 New Hampshire Business Finance Authority Intergovernmental Agreement Revenue (Caldwell Ranch Project) 4.875%  12/1/2033        621        618
1 New Hampshire Business Finance Authority Intergovernmental Agreement Revenue (Easton Park Project) 5.625%   2/1/2030      2,708      2,708
1 New Hampshire Business Finance Authority Intergovernmental Agreement Revenue (Katy Court Project - Development I) 5.950%  12/1/2031        770        770
1 New Hampshire Business Finance Authority Intergovernmental Agreement Revenue (Katy Court Project - Development I) 6.000%  12/1/2031      1,125      1,125
1 New Hampshire Business Finance Authority Intergovernmental Agreement Revenue (Katy Court Project - Development I) 5.875%  12/1/2032        720        720
1 New Hampshire Business Finance Authority Intergovernmental Agreement Revenue (Mirador Project) 6.000%  12/1/2031      8,800      8,795
1 New Hampshire Business Finance Authority Intergovernmental Agreement Revenue (Princeton Area Project) 5.500%  12/1/2030     11,206     11,200
1 New Hampshire Business Finance Authority Intergovernmental Agreement Revenue (The Astro Sunterra Project) 0.000% 12/15/2034      2,555      1,473
  New Hampshire Business Finance Authority Intergovernmental Agreement Revenue (The Highlands Project) 5.125% 12/15/2030        869        869
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue 4.125%  1/20/2034     12,206     12,190
1 New Hampshire Business Finance Authority Miscellaneous Revenue (Silverado Project) 5.000%  12/1/2028      2,703      2,697
  New Hampshire GO 3.000%  11/1/2029      1,170      1,155
  New Hampshire Health & Education Facilities Authority Act College & University Revenue PUT 3.300%   8/3/2027      1,850      1,852
  New Hampshire Health & Education Facilities Authority Act College & University Revenue PUT 3.300%   8/3/2027      2,180      2,182
  New Hampshire Health & Education Facilities Authority Act College & University Revenue PUT 3.300%   8/3/2027      1,830      1,832
  New Hampshire Health & Education Facilities Authority Act College & University Revenue PUT 3.300%   8/3/2027      1,790      1,792
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 5.000%  10/1/2026        585        587
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 5.000%  10/1/2027        905        925
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 5.000%  10/1/2028      1,185      1,231
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 5.000%  10/1/2029      1,245      1,309
8 New Hampshire Housing Finance Authority Local or Guaranteed Housing Revenue 3.850%   1/1/2027        900        900
8 New Hampshire Housing Finance Authority Local or Guaranteed Housing Revenue 3.150%   7/1/2027      1,930      1,930
                                        86,842
New Jersey (2.4%)
  Belleville NJ BAN GO 4.000%   7/6/2027      5,835      5,862
  Berkeley Heights Public Schools GO 1.000%   5/1/2028      2,752      2,646
  Berkeley Heights Public Schools GO 1.000%   5/1/2029      1,820      1,705
  Borough of Butler NJ BAN GO 4.000%   9/4/2026      3,110      3,113
  Borough of High Bridge NJ BAN GO 4.000%   6/7/2027      3,666      3,694
  Borough of Mount Ephraim NJ BAN GO 4.000%  9/15/2026      2,626      2,628
2 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/2026        500        502
2 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/2026        250        251
2 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/2027        375        384
2 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/2027        150        154
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
2 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/2028        500        521
2 Casino Reinvestment Development Authority Inc. Miscellaneous Taxes Revenue 5.000%  11/1/2028        175        182
2 Clifton Board of Education GO 2.000%  8/15/2027      1,915      1,884
  Colts Neck Township NJ BAN GO 4.000%  1/14/2027      1,185      1,190
1 Essex County Improvement Authority Charter School Aid Revenue (North Star Academy Charter School of Newark Inc. - 2020 Project) 4.000%  7/15/2027        400        401
1 Essex County Improvement Authority Charter School Aid Revenue (North Star Academy Charter School of Newark Inc. - 2020 Project) 4.000%  7/15/2029        430        431
  Evesham Township NJ BAN GO 4.000%  9/14/2026     13,589     13,605
2 Gloucester County Improvement Authority College & University Revenue (Rowan University Project) 5.000%  11/1/2028      1,015      1,020
2 Gloucester County Improvement Authority College & University Revenue (Rowan University Project) 5.000%  11/1/2029      1,285      1,291
  Medford Township NJ BAN GO 3.750%  9/23/2026      9,969      9,980
  Mendham Township NJ BAN GO 4.000% 10/23/2026      3,165      3,172
  Mercer County NJ Lawrence BAN GO 4.000%   6/1/2027      3,519      3,540
  Middle Township NJ BAN GO 4.000%   9/1/2026     10,900     10,908
  Moorestown Township School District GO 1.000%   8/1/2027      1,263      1,236
  Moorestown Township School District GO 1.750%   8/1/2028      1,285      1,249
  Moorestown Township School District GO 2.000%   8/1/2029      2,215      2,135
  Moorestown Township School District GO 2.000%   8/1/2030      2,200      2,081
  Moorestown Township School District GO 2.000%   8/1/2031      2,150      1,989
  New Jersey Economic Development Authority Appropriations Revenue 5.250%  6/15/2027      1,740      1,742
9 New Jersey Economic Development Authority Appropriations Revenue 5.000%   7/1/2027      6,120      6,223
9 New Jersey Economic Development Authority Appropriations Revenue 5.000%   7/1/2028      5,730      5,822
  New Jersey Economic Development Authority Appropriations Revenue 3.125%   7/1/2029      1,385      1,368
9 New Jersey Economic Development Authority Appropriations Revenue 3.125%   7/1/2031      4,960      4,841
  New Jersey Educational Facilities Authority 2.540%   9/9/2026     28,250     28,247
  New Jersey Educational Facilities Authority Appropriations Revenue 5.500%   9/1/2030        175        175
  New Jersey Educational Facilities Authority College & University Revenue 5.000%   7/1/2028      1,110      1,130
9 New Jersey Educational Facilities Authority College & University Revenue 5.000%   7/1/2028      1,000      1,001
9 New Jersey Educational Facilities Authority College & University Revenue 5.000%   7/1/2030      1,840      1,843
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027      2,000      2,002
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027        480        487
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027      3,680      3,730
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028        675        676
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028        500        514
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029      1,250      1,251
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029        530        549
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029     18,775     19,839
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030      1,100      1,101
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030        555        580
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031      2,200      2,202
1,4 New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue VRDO 1.770%   7/1/2043      5,500      5,500
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.200%  10/1/2026      1,140      1,140
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 2.850%  11/1/2026      4,685      4,684
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.250%   4/1/2027        980        981
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.300%  10/1/2027        980        981
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 2.900%  11/1/2027      1,505      1,497
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.375%  11/1/2027        860        862
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.375%  11/1/2027      1,015      1,015
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 2.950%   5/1/2028      1,325      1,315
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.350%  10/1/2028        980        981
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 2.950%  11/1/2028     32,800     32,535
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.375%   4/1/2029        385        385
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.500%   5/1/2029        530        533
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.450%  10/1/2029        465        465
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.050%  11/1/2029     25,150     24,992
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.550%   4/1/2030        490        490
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.600%  10/1/2030        365        364
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.100%  11/1/2030      3,185      3,106
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.750%   4/1/2031        770        772
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.750%  10/1/2031        785        785
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue (22 Fulton Street Project) PUT 3.200%   6/1/2030      2,035      2,005
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue (701 Newark Avenue Project) PUT 3.150%  12/1/2028      1,090      1,087
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue PUT 3.100%   7/1/2028        500        499
3 New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue, SIFMA Municipal Swap Index Yield + 1.200% 3.360%   5/1/2048      7,285      7,294
10 New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/2026        630        623
7 New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/2027        690        661
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/2028      1,125      1,131
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/2028      2,810      2,608
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/2028        805        747
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/2029     15,210     15,228
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/2030     13,375     13,390
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/2030      1,550      1,552
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/2031      8,015      8,023
1 New Jersey Transportation Trust Fund Authority Fuel Sales Tax Revenue TOB VRDO 2.310%   8/6/2026        135        135
1,4,10 New Jersey Transportation Trust Fund Authority Revenue TOB VRDO 2.250%   8/6/2026     18,216     18,216
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/2027      2,435      2,439
5 New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/2029        815        846
5 New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/2030        750        789
5 New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/2031      1,060      1,129
  Newark NJ BAN GO 4.000%  9/23/2026     25,461     25,492
  Orange Township NJ BAN GO 4.000%  3/17/2027      9,680      9,717
  Paterson NJ GO 4.750%   3/1/2027      8,000      8,001
  Penns Grove-Carneys Point Regional School District GAN GO 3.750%   7/2/2027      2,038      2,044
  Plainfield NJ BAN GO 4.000%   8/5/2026     18,043     18,044
2 Spotswood Board of Education GO 2.375%   9/1/2029        485        464
  Tobacco Settlement Financing Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/2028        590        611
  Union Beach Borough NJ GO 3.000%  2/15/2030        199        195
  Voorhees Township NJ BAN GO 4.000%  9/17/2026     19,204     19,229
  West Orange NJ BAN GO 3.750%  11/3/2026     25,598     25,646
                                       434,305
New Mexico (0.6%)
  Albuquerque Municipal School District No. 12 GO 5.000%   8/1/2026      5,500      5,500
  Albuquerque Municipal School District No. 12 GO 5.000%   8/1/2026        920        920
  Farmington NM Electric Power & Light Revenue (Public Service Co. of New Mexico San Jaun Project) PUT 0.875%  10/1/2026      3,070      3,059
  Farmington NM Electric Power & Light Revenue (Public Service Co. of New Mexico San Jaun Project) PUT 3.875%   6/1/2029      5,545      5,627
  Farmington NM Industrial Revenue (San Juan Project) PUT 3.875%   6/1/2029      3,560      3,612
  Farmington NM Industrial Revenue (San Juan Project) PUT 3.875%   6/1/2029      9,390      9,528
  Farmington NM Industrial Revenue (Southern California Edison Co. Four Corners Project) 1.800%   4/1/2029      4,545      4,265
  Farmington NM Industrial Revenue (Southern California Edison Co. Four Corners Project) 1.800%   4/1/2029     10,000      9,384
  Farmington NM Industrial Revenue PUT 3.900%   6/1/2028      9,945     10,034
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue 5.000%   6/1/2029         40         41
1,4 New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue TOB VRDO 2.410%   8/6/2026      5,265      5,265
1,4 New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue TOB VRDO 2.510%   8/6/2026      5,500      5,500
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue VRDO 2.150%   8/6/2026     15,370     15,370
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue (Single Family Mortagage Program) 2.700%   9/1/2027        365        365
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue (Single Family Mortagage Program) 2.750%   3/1/2028        375        374
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue (Single Family Mortagage Program) 2.750%   9/1/2028        380        379
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue (Single Family Mortagage Program) 2.850%   3/1/2029        385        383
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue (Single Family Mortagage Program) 2.850%   9/1/2029        395        392
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue (Single Family Mortagage Program) 2.950%   3/1/2030        810        802
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue (Single Family Mortagage Program) 3.000%   9/1/2030        670        662
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue (Single Family Mortagage Program) 3.100%   3/1/2031        595        592
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue (Single Family Mortagage Program) 3.125%   9/1/2031        430        427
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue (Single Family Mortagage Program) 3.250%   3/1/2032        300        296
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue (Single Family Mortagage Program) 3.300%   9/1/2032        210        206
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue PUT 3.000%  12/1/2026      1,115      1,115
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue PUT 3.000%  12/1/2026      2,150      2,150
1,4 New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue TOB VRDO 2.560%   8/6/2026      4,972      4,972
  New Mexico Municipal Energy Acquisition Authority Natural Gas Revenue 5.000%   5/1/2027        575        583
  New Mexico Municipal Energy Acquisition Authority Natural Gas Revenue 5.000%   5/1/2028        650        668
  New Mexico Municipal Energy Acquisition Authority Natural Gas Revenue 5.000%   5/1/2029        850        883
  New Mexico Municipal Energy Acquisition Authority Natural Gas Revenue 5.000%  11/1/2029         80         83
  New Mexico Municipal Energy Acquisition Authority Natural Gas Revenue 5.000%  11/1/2030        200        210
  New Mexico Municipal Energy Acquisition Authority Natural Gas Revenue PUT 5.000%  11/1/2030     14,730     15,512
  Santa Fe County NM Local or Guaranteed Housing Revenue PUT 3.290%   6/1/2028      4,295      4,301
  University of New Mexico College & University Revenue 2.750%   6/1/2030      3,000      2,899
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
1 Winrock Town Center Tax Increment Development District No. 1 Tax Increment/Allocation Revenue 3.750%   5/1/2028        954        949
                                       117,308
New York (11.2%)
1,3 2026 Loan Holding-1 Revenue, SIFMA Municipal Swap Index yield + 0.880% 3.040%  10/1/2027     42,500     42,258
  Albany NY BAN GO 4.000%  3/19/2027     31,969     32,115
  Amsterdam City School District BAN GO 4.000%  6/24/2027     25,000     25,231
2 Auburn Enlarged City School District GO 2.750%  6/15/2029        310        297
1 Austin TX Water & Wastewater System Water Revenue TOB VRDO 2.190%   8/6/2026      2,000      2,000
  Board of Cooperative Educational Services for the Sole Supervisory District Miscellaneous Revenue RAN 3.750%  6/18/2027      4,250      4,265
  Board of Cooperative Educational Services for the Sole Supervisory District Miscellaneous Revenue RAN 4.250%  6/25/2027      2,375      2,398
  Brasher Falls Central School District BAN GO 4.000%  6/24/2027        649        655
  Brookhaven Local Development Corp. Health, Hospital, Nursing Home Revenue (Jefferson Ferry Project) 5.250%  11/1/2031         25         25
  Brutus NY BAN GO 4.000%  1/20/2027      1,660      1,663
  Build NYC Resource Corp. Charter School Aid Revenue (KIPP NYC Public School Facilities - Canal West Project) 5.000%   7/1/2032        220        234
  Build NYC Resource Corp. Health, Hospital, Nursing Home Revenue 5.000% 12/15/2031     10,785     10,724
1 Build NYC Resource Corp. Health, Hospital, Nursing Home Revenue 5.250% 12/15/2031     22,000     21,876
  Burnt Hills-Ballston Lake Central School District BAN GO 3.750%  6/17/2027     16,465     16,554
  Camden Central School District BAN GO 4.000%  6/24/2027      4,300      4,317
  Camden Central School District GO 4.250%  4/15/2027      5,800      5,833
  Cape Vincent NY BAN GO 4.250%  8/20/2026      3,909      3,910
  Cato-Meridian Central School District BAN GO 4.000%  6/30/2027     20,000     20,186
  Cazenovia Central School District BAN GO 3.750%  6/24/2027      4,000      4,025
  Chautauqua County Capital Resource Corp. Electric Power & Light Revenue (NRG Energy Project) PUT 4.250%   4/3/2028      1,600      1,619
2 Cheektowaga-Maryvale Union Free School District GO 2.250%  6/15/2029        795        745
  Churchville-Chili Central School District BAN GO 3.500%  6/24/2027     20,000     20,073
  Cincinnatus Central School District BAN GO 4.000%  7/21/2027      5,000      5,034
  Colonie NY GO 1.000%   3/1/2028      1,600      1,540
  Colonie NY GO 1.000%   3/1/2029        805        753
  Colonie NY GO 1.000%   3/1/2030      1,620      1,469
  Cortland Enlarged City School District BAN GO 4.000%   7/9/2027     10,105     10,198
  Delaware Chenango Madison & Otsego Board of Cooperative Educational Services Miscellaneous Revenue 3.750%  6/16/2027      3,375      3,383
2 Dunkirk City School District GO 2.500%  6/15/2030        280        260
  Dutchess County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027      2,915      2,917
  Dutchess County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028      1,150      1,151
9 Fallsburg Central School District GO 2.250%  6/15/2030        420        385
14 Freddie Mac Pool 3.310%   1/1/2028      1,500      1,476
  Frontier Central School District BAN GO 3.750%  6/25/2027     17,530     17,635
  General Brown Central School District BAN GO 4.000%  6/30/2027      9,380      9,468
  General Brown Central School District BAN GO 4.000%   7/7/2027      8,142      8,220
  Genesee County Funding Corp. Health, Hospital, Nursing Home Revenue 5.000%  12/1/2026        600        603
  Geneva Development Corp. College & University Revenue 5.000%   2/1/2028        300        309
  Geneva Development Corp. College & University Revenue 5.000%   2/1/2029        125        131
  Geneva Development Corp. College & University Revenue 5.000%   2/1/2031        715        763
  Granville Central School District BAN GO 4.000%  8/21/2026      9,000      9,004
9 Greenville Central School District GO 2.375%  6/15/2030        570        525
2 Greenwich Central School District GO 2.500%  6/15/2030        455        422
  Hammond Central School District BAN GO 4.000%  6/24/2027      2,122      2,140
  Hempstead Town Local Development Corp. College & University Revenue (Molloy College Project) 5.000%   7/1/2029      1,105      1,105
  Holland Patent Central School District BAN GO 3.500%  8/28/2026      1,197      1,198
  Holley NY Central School District BAN GO 4.000%   8/6/2026        806        806
  Horseheads Central School District BAN GO 4.000%  6/23/2027     32,240     32,499
  Horseheads Central School District BAN GO 3.750%  6/24/2027     87,315     87,831
  Ithaca NY BAN GO 4.250%  2/12/2027      3,300      3,308
  Kenmore-Tonawanda Union Free School District BAN GO 4.000%   8/7/2026      3,789      3,789
  Le Roy Central School District BAN GO 3.750%  6/30/2027      9,567      9,632
  Long Beach NY BAN GO 4.000%  9/25/2026     14,726     14,747
  Long Island Power Authority Electric Power & Light Revenue 5.000%   9/1/2031        440        441
  Long Island Power Authority Electric Power & Light Revenue PUT 1.500%   9/1/2026     21,775     21,747
  Long Island Power Authority Electric Power & Light Revenue PUT 3.000%   9/1/2028     46,090     45,931
  Long Island Power Authority Electric Power & Light Revenue PUT 3.000%   9/1/2029      7,195      7,135
1 Long Island Power Authority Electric Power & Light Revenue TOB VRDO 2.240%   8/6/2026      7,500      7,500
  Malone Central School District BAN GO 4.000%   8/7/2026      2,280      2,280
  Mcgraw Central School District BAN GO 4.000%  6/24/2027     10,287     10,379
  Metropolitan Transportation Authority Dedicated Tax Fund Fuel Sales Tax Revenue 5.250% 11/15/2031      6,245      6,282
  Metropolitan Transportation Authority Transit Revenue 0.000% 11/15/2027      1,130      1,087
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2029      1,210      1,252
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2029        110        111
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2029      3,000      3,016
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2030        810        814
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2030        400        402
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2031        360        362
  Metropolitan Transportation Authority Transit Revenue PUT 5.000%  5/15/2030      3,655      3,868
1,2 Metropolitan Transportation Authority Transit Revenue TOB VRDO 2.280%   8/6/2026      3,600      3,600
1,2 Metropolitan Transportation Authority Transit Revenue TOB VRDO 2.280%   8/6/2026      2,840      2,840
1,9 Metropolitan Transportation Authority Transit Revenue TOB VRDO 2.280%   8/6/2026      5,000      5,000
1 Metropolitan Transportation Authority Transit Revenue TOB VRDO 2.410%   8/6/2026      7,150      7,150
  Minoa NY BAN GO 3.750%  8/21/2026      2,702      2,702
  Monroe County Industrial Development Corp. Local or Guaranteed Housing Revenue PUT 5.000%   7/1/2027      2,000      2,034
  Monroe County Industrial Development Corp. Local or Guaranteed Housing Revenue PUT 5.000%   7/1/2027      2,000      2,034
  Monroe County NY Industrial Development Corp. Health, Hospital, Nursing Home Revenue (Rochester Regional Health Project) 5.000%  12/1/2026        750        754
  Mount Sinai Union Free School District BAN GO 4.000%  6/30/2027      5,050      5,084
1,4 MTA Hudson Rail Yards Trust Obligations Lease Revenue TOB VRDO 2.250%   8/6/2026      6,800      6,800
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 2.850%  11/1/2029        465        459
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 3.000%   5/1/2030        470        463
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 3.050%  11/1/2030        475        468
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue (8 Spruce Street Project) 4.000% 12/15/2031      6,580      6,613
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue (8 Spruce Street Project) 4.375% 12/15/2031      4,840      4,888
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 2.700%  12/1/2026      9,000      8,988
8 New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.400% 12/22/2026      6,070      6,070
8 New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.400% 12/22/2026     11,630     11,634
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.700% 12/30/2027     18,820     18,827
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.800%   1/3/2028      3,500      3,520
8 New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.625%   7/1/2028     21,535     21,636
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.700%   7/3/2028     22,550     22,739
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 4.300%  11/1/2028      5,630      5,685
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.730% 12/29/2028      2,425      2,426
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.000%   1/2/2029      6,500      6,466
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.400%   1/2/2029      3,295      3,301
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.250%   7/2/2029      5,345      5,328
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.750%   7/2/2029      9,000      9,056
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.950%   7/2/2029      9,315      9,411
4 New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 2.100%  10/1/2029      2,870      2,739
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.250%   2/1/2030    100,995    100,308
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.125%   7/1/2030      2,330      2,290
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2030     32,295     31,815
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.100%   2/1/2031      7,465      7,290
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.100%   2/1/2031     12,560     12,265
  New York City Municipal Water Finance Authority Water Revenue VRDO 2.950%   8/3/2026      6,030      6,030
1 New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue TOB VRDO 2.190%   8/6/2026        790        790
4 New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue VRDO 2.140%   8/6/2026     10,000     10,000
  New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 0.000% 11/15/2026      1,250      1,238
5 New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2027        435        446
  New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 0.000% 11/15/2028      1,975      1,825
5 New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2028        450        470
5 New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2029        480        509
5 New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2030        495        532
5 New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2031        530        575
5 New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2032        550        602
  New York NY GO 5.000%   2/1/2028      2,200      2,271
  New York NY GO 5.000%   2/1/2029      5,020      5,271
  New York NY GO 5.000%   8/1/2029      1,070      1,132
  New York NY GO 5.000%   8/1/2030        700        749
1,4 New York NY GO TOB VRDO 2.190%   8/6/2026     13,325     13,325
  New York State Dormitory Authority College & University Revenue 5.250%   5/1/2027        775        786
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2027        100        102
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2027      1,465      1,491
2 New York State Dormitory Authority College & University Revenue 5.000%   7/1/2027        350        356
  New York State Dormitory Authority College & University Revenue 5.000%   5/1/2028      2,500      2,570
  New York State Dormitory Authority College & University Revenue 5.250%   5/1/2028        640        661
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2028      1,755      1,758
  New York State Dormitory Authority College & University Revenue 5.000%   5/1/2029      1,125      1,168
  New York State Dormitory Authority College & University Revenue 5.250%   5/1/2029        800        835
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2029      2,710      2,715
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2029      1,000      1,047
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2029      1,000      1,057
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2030      2,500      2,504
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2030        145        153
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2030        845        894
  New York State Dormitory Authority College & University Revenue (New School Project) 5.000%   7/1/2030        150        151
  New York State Dormitory Authority College & University Revenue VRDO 2.940%   8/6/2026     13,900     13,900
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2026        130        130
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2026        585        587
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/2027        180        179
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2027      1,000      1,013
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2027      1,000      1,014
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2028      1,180      1,213
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2029        500        520
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 3.050% 11/15/2030      4,250      4,218
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 3.320% 11/15/2030      1,195      1,186
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2031      1,975      2,019
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 3.450% 11/15/2031      1,310      1,297
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue PUT 1.800%  11/1/2028     13,000     12,522
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   7/2/2029     20,000     21,083
1,2 New York State Dormitory Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.310%   8/6/2026     11,800     11,800
  New York State Dormitory Authority Income Tax Revenue 5.000%  2/15/2032        230        233
1 New York State Dormitory Authority Income Tax Revenue TOB VRDO 2.190%   8/6/2026      4,255      4,255
2 New York State Dormitory Authority Intergovernmental Agreement Revenue (School Districts Revenue Bond Financing Program) 5.000%  10/1/2027      1,000      1,002
9 New York State Dormitory Authority Intergovernmental Agreement Revenue (School Districts Revenue Bond Financing Program) 5.000%  10/1/2029      1,975      1,978
  New York State Dormitory Authority Intergovernmental Agreement Revenue (School Districts Revenue Bond Financing Program) 5.000%  10/1/2030        120        120
1,4 New York State Dormitory Authority Personal Income Tax Revenue TOB VRDO 2.190%   8/6/2026      1,140      1,140
  New York State Energy Research & Development Authority Electric Power & Light Revenue (New York Electric & Gas Corp. Project) 3.500%  10/1/2029      3,520      3,519
  New York State Housing Finance Agency Income Tax Revenue PUT 3.300% 12/15/2028      1,310      1,310
  New York State Housing Finance Agency Income Tax Revenue PUT 3.350%  6/15/2029        245        245
  New York State Housing Finance Agency Income Tax Revenue PUT 3.350% 12/15/2029        640        642
  New York State Housing Finance Agency Income Tax Revenue PUT 3.450% 12/15/2030        350        351
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 2.500%   5/1/2027        630        629
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 2.550%  11/1/2027        650        649
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 2.700%  11/1/2028      1,195      1,190
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 2.800%   5/1/2029        140        139
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 2.800%   5/1/2029      1,325      1,314
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 2.900%  11/1/2029        115        114
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 2.900%  11/1/2029        680        675
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 2.950%   5/1/2030        180        177
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 2.950%   5/1/2030      1,250      1,232
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 3.000%  11/1/2030        235        231
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 3.000%  11/1/2030        710        699
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 3.050%   5/1/2031        370        363
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 3.050%   5/1/2031        725        712
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 2.750%  11/1/2031      1,000        957
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 3.050%  11/1/2031        290        284
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 3.050%  11/1/2031        730        715
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 1.100%   5/1/2027     17,445     17,099
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.500%   5/1/2027      4,290      4,254
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   5/1/2027      4,030      4,031
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   5/1/2027      7,370      7,372
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.800%   5/1/2027      2,000      2,001
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.875%   5/1/2028        865        865
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.650%  11/1/2028      7,480      7,482
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 4.500%  11/1/2028     51,085     51,194
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.400%   5/1/2029      7,825      7,830
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.450%   5/1/2029      4,785      4,786
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   5/1/2029     71,830     71,904
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   5/1/2029      2,195      2,199
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.800%   5/1/2029      9,750      9,752
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.150%  11/1/2029     72,425     71,566
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.450%  11/1/2029     23,425     23,425
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.750%  11/1/2029      4,195      4,197
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.000%   5/1/2030     11,210     10,965
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.100%   5/1/2030        780        767
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.125%   5/1/2030      1,010        994
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.150%   5/1/2030     30,315     29,881
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.250%   5/1/2030      5,445      5,359
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.250%   5/1/2030      6,805      6,698
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.300%   5/1/2030      1,540      1,522
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.500%   5/1/2030      5,885      5,891
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.150%  11/1/2030     49,710     49,223
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.200%  11/1/2030     22,845     22,428
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.200%  11/1/2030      2,295      2,253
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.200%   5/1/2031        940        924
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.250%   5/1/2031     14,275     14,128
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.250%  11/1/2031      3,810      3,773
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.250%  11/1/2031      7,160      7,091
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.375%  11/1/2031      8,050      7,876
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.570%  11/1/2031      2,145      2,129
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   4/1/2032      3,595      3,582
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   4/1/2032        970        963
1,4 New York State Housing Finance Agency Local or Guaranteed Housing Revenue TOB VRDO 3.250%   8/3/2026      8,738      8,738
1 New York State Housing Finance Agency Local or Guaranteed Housing Revenue TOB VRDO 2.190%   8/6/2026      2,145      2,145
1,4,9 New York State Housing Finance Agency Local or Guaranteed Housing Revenue TOB VRDO 2.260%   8/6/2026     15,870     15,870
1,4 New York State Housing Finance Agency Local or Guaranteed Housing Revenue TOB VRDO 2.390%   8/6/2026     25,840     25,840
1,4 New York State Housing Finance Agency Local or Guaranteed Housing Revenue TOB VRDO 2.460%   8/6/2026     18,000     18,000
4 New York State Housing Finance Agency Local or Guaranteed Housing Revenue VRDO 2.300%   8/5/2026     12,500     12,500
1,4 New York State Housing Finance Agency Local or Guaranteed Housing Revenue, SIFMA Municipal Swap Index Yield + 0.250% 2.460%   8/6/2026     14,595     14,595
  Norwich City School District BAN GO 4.000%  6/24/2027     26,607     26,803
1 Nuveen California AMT-Free Quality Municipal Income Fund Miscellaneous Revenue VRDO VRDP 2.610%   8/3/2026     24,700     24,700
  Odessa-Montour Central School District BAN GO 4.000%  8/27/2026      8,000      8,005
  Oneida County Local Development Corp. College & University Revenue (UTICA College Project) 5.000%   7/1/2028        525        528
  Oneida County Local Development Corp. College & University Revenue (UTICA College Project) 5.000%   7/1/2030        580        581
  Oneida County Local Development Corp. College & University Revenue (UTICA College Project) 5.000%   7/1/2031        500        500
  Oneonta City School District BAN GO 4.000%  6/25/2027     16,620     16,753
  Onondaga Central School District BAN GO 4.000%  7/15/2027     12,965     13,091
2 Oriskany Central School District GO 2.250%  6/15/2029        280        264
  Pleasantville NY Union Free School District GO 2.750%  4/15/2030        275        264
  Ravena Coeymans Selkirk Central School District BAN GO 4.000%   8/7/2026      1,558      1,558
  Rochester NY BAN GO 4.000%  7/29/2027     50,000     50,555
  Rockland County Economic Assistance Corp. Health, Hospital, Nursing Home Revenue 6.500%  11/1/2030      6,000      6,170
  Sanford NY BAN GO 4.625%  3/12/2027      2,000      2,010
  Skaneateles Central School District NY BAN GO 3.750%  8/13/2026      1,899      1,900
1,4 Sleepy Hollow Local Development Corp. Local or Guaranteed Housing Revenue TOB VRDO 2.460%   8/6/2026      9,928      9,927
  Solvay Union Free School District BAN GO 3.750%  7/15/2027      4,300      4,329
  South Colonie Central School District BAN GO 4.000%   7/8/2027     89,678     90,560
  St. Lawrence County Industrial Development Agency College & University Revenue (Clarkson University Project) 5.000%   9/1/2029        100        100
  Suffolk Tobacco Asset Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/2029      1,000      1,051
1,4 Tender Option Bond Trust Receipts/Certificates Revenue TOB VRDO 2.560%   8/6/2026     42,950     42,950
1,4 Tender Option Bond Trust Receipts/Certificates Revenue TOB VRDO 2.560%   8/6/2026     47,500     47,500
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/2032        220        223
1 Triborough Bridge & Tunnel Authority Miscellaneous Taxes Revenue TOB VRDO 2.190%   8/6/2026      1,100      1,100
1 Triborough Bridge & Tunnel Authority Sales Tax Revenue TOB VRDO 2.190%   8/6/2026     10,000     10,000
1 Triborough Bridge & Tunnel Authority Sales Tax Revenue TOB VRDO 2.190%   8/6/2026      2,085      2,085
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/2027        500        507
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/2028      2,000      2,029
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/2029      1,125      1,141
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/2030      1,000      1,013
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/2031      3,980      4,029
  Utica NY BAN GO 4.000%  8/28/2026     10,005     10,011
  Valhalla Union Free School District GO 2.750% 10/15/2029        255        246
  Valley Stream NY GO 5.250%  4/16/2027      1,297      1,308
  Vestal Fire District BAN GO 4.000%   8/7/2026      7,577      7,577
5 Vestal NY BAN GO 4.000%   8/6/2027      9,489      9,566
5 Vestal NY BAN GO 4.500%   8/6/2027        558        564
  Waterville Central School District BAN GO 4.000%   8/7/2026      1,587      1,587
  Westchester County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%  11/1/2028        100        100
  Westchester County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%  11/1/2029      1,940      1,941
  Westchester County Local Development Corp. Health, Hospital, Nursing Home Revenue 6.500%  11/1/2030      5,500      5,660
  Whitney Point Central School District BAN GO 4.000%   8/7/2026      1,809      1,809
                                     2,047,250
North Carolina (1.1%)
  Asheville Housing Authority Local or Guaranteed Housing Revenue PUT 5.000%   4/1/2027     11,195     11,335
1 Charlotte NC Water & Sewer System Water Revenue TOB VRDO 3.150%   8/3/2026      9,020      9,020
  Charlotte-Mecklenburg Hospital Authority Health, Hospital, Nursing Home Revenue PUT 3.250%  6/15/2027      8,970      8,995
  Charlotte-Mecklenburg Hospital Authority Health, Hospital, Nursing Home Revenue PUT 1.950%  11/1/2029      1,960      1,846
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Charlotte-Mecklenburg Hospital Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  12/1/2031      1,735      1,870
1,4 Concord NC Multifamily Local or Guaranteed Housing Revenue TOB VRDO 2.390%   8/6/2026      3,385      3,385
  Durham Housing Authority Local or Guaranteed Housing Revenue PUT 3.625%   4/1/2028      5,000      5,042
  Durham Housing Authority Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2028      2,110      2,109
  Durham Housing Authority Local or Guaranteed Housing Revenue PUT 3.200%   2/1/2029      1,655      1,648
  Durham Housing Authority Local or Guaranteed Housing Revenue PUT 3.200%   7/1/2029      1,575      1,571
  Inlivian Local or Guaranteed Housing Revenue (Trella Uptown Project) PUT 3.200%   6/1/2027      1,124      1,124
  Inlivian Local or Guaranteed Housing Revenue PUT 5.000%  10/1/2026      8,159      8,184
  Inlivian Local or Guaranteed Housing Revenue PUT 4.750%   3/1/2027      9,714      9,727
  Inlivian Local or Guaranteed Housing Revenue PUT 3.300%  11/1/2028      2,000      2,007
  Mecklenburg County NC GO 4.000%   4/1/2029      2,940      2,965
  North Carolina Capital Facilities Finance Agency College & University Revenue 5.000%   6/1/2028        900        898
  North Carolina Capital Facilities Finance Agency Resource Recovery Revenue (Republic Services Inc. Project) PUT 2.550%   9/1/2026     15,000     14,998
  North Carolina Central University College & University Revenue 5.000%  10/1/2026      1,020      1,021
1 North Carolina GO PUT TOB 2.320% 10/15/2026      9,445      9,445
  North Carolina Housing Finance Agency Local or Guaranteed Housing Revenue 3.250%   1/1/2032      1,500      1,469
  North Carolina Housing Finance Agency Local or Guaranteed Housing Revenue 3.300%   7/1/2032      1,475      1,440
  North Carolina Housing Finance Agency Local or Guaranteed Housing Revenue PUT 4.000%   3/1/2027      1,000      1,005
  North Carolina Housing Finance Agency Local or Guaranteed Housing Revenue PUT 5.000%   4/1/2028      2,765      2,851
  North Carolina Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.150%   2/1/2029      2,284      2,280
1 North Carolina Housing Finance Agency Local or Guaranteed Housing Revenue TOB VRDO 2.190%   8/6/2026      4,720      4,720
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%  10/1/2026      1,795      1,800
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%  10/1/2027      1,885      1,919
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 3.400%  10/1/2029        775        775
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 3.625%  10/1/2030        625        625
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030        195        196
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 3.200%  11/1/2030      6,755      6,614
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 3.450%  11/1/2030      1,040      1,020
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 3.350%   1/1/2031      1,825      1,812
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 3.600%   1/1/2031      1,500      1,490
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 4.000%  10/1/2031        245        245
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 5.000%  10/1/2031         10         10
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue (Penick Village Project) 4.250%   9/1/2028        360        361
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue (Penick Village Project) 4.500%   9/1/2029        475        476
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue (Penick Village Project) 4.750%   9/1/2029        140        140
  Raleigh Housing Authority Local or Guaranteed Housing Revenue PUT 5.000%   9/1/2026      4,880      4,888
  Raleigh Housing Authority Local or Guaranteed Housing Revenue PUT 3.150%   2/1/2029        805        804
  Raleigh Housing Authority Local or Guaranteed Housing Revenue PUT 2.950%   3/1/2029      3,075      3,060
1,4 Raleigh NC Housing Authority Multifamily Local or Guaranteed Housing Revenue TOB VRDO 2.460%   8/6/2026      5,150      5,150
1,4 Selma Housing Authority Multifamily Housing Local or Guaranteed Housing Revenue TOB VRDO 2.390%   8/6/2026      2,475      2,475
3 University of North Carolina at Chapel Hill College & University Revenue, 67% of SOFR + 1.050% 3.495%  12/1/2041     47,000     47,250
  Wake County Housing Authority Local or Guaranteed Housing Revenue PUT 5.000%   6/1/2027      6,677      6,717
  Wilmington Housing Authority Local or Guaranteed Housing Revenue PUT 2.950%   5/1/2028      1,725      1,721
                                       200,503
North Dakota (0.1%)
  Bismarck ND GO 3.000%   5/1/2028        750        750
  Bismarck ND GO 3.000%   5/1/2029        725        719
  Bismarck ND Water Revenue 3.000%   4/1/2028        525        525
  Cass County Joint Water Resource District Intergovernmental Agreement Revenue 3.450%   4/1/2027     11,140     11,127
  Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/2026        415        417
2 Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/2026        200        201
  Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/2027        500        508
2 Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/2027        250        255
2 Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/2028        250        260
  Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/2029        450        464
  Horace ND GO 5.000%   5/1/2028        480        492
  North Dakota Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.000%   5/1/2028      3,000      2,988
  North Dakota Public Finance Authority Intergovernmental Agreement Revenue (Capital Financing Program) 4.000%   6/1/2032      1,450      1,445
                                        20,151
Ohio (3.0%)
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue, ETM 5.000% 11/15/2026        570        573
  Akron City School District GO 4.000%   8/6/2026      5,350      5,350
  Akron OH GO 5.000%  12/1/2026        300        302
  Akron OH GO 5.000%  12/1/2030        100        107
  Akron OH Income Tax Revenue 5.000%  12/1/2031      1,000      1,001
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue PUT 5.000%   8/3/2027     18,000     18,341
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue PUT 5.000%   6/4/2030      4,070      4,325
  American Municipal Power Inc. Electric Power & Light Revenue (AMP Michigan Cat Peaking Project) 5.000%  2/15/2029        205        215
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  American Municipal Power Inc. Electric Power & Light Revenue (AMP Michigan Cat Peaking Project) 5.000%  2/15/2030        290        308
  Avon OH BAN GO 4.000%  6/30/2027      9,550      9,619
  Bluffton OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/2028      1,225      1,253
  Bluffton OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031        865        879
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/2028        460        477
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/2031      1,650      1,744
1,2,11 Cincinnati City School District GO TOB VRDO 2.280%   8/6/2026      5,000      5,000
  Cleveland Municipal School District GO 5.000%  12/1/2028         80         84
  Cleveland OH (Cleveland Stadium Project) COP 5.000% 11/15/2026        160        161
  Cleveland OH GO 2.000%  12/1/2026        500        498
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue (Euclid Avenue Development Corp. Project) 5.000%   8/1/2027        655        665
1,4 Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue TOB VRDO 2.250%   8/6/2026      7,500      7,500
  Columbus Metropolitan Housing Authority Local or Guaranteed Housing Revenue (Country Ridge Apartments Project) 5.000%  12/1/2026      1,780      1,781
  Columbus OH Sewerage Sewer Revenue 5.000%   6/1/2030      2,520      2,531
  Columbus-Franklin County Finance Authority Local or Guaranteed Housing Revenue (Dering Family Homes Project) PUT 5.000%   2/1/2027      2,550      2,557
  Columbus-Franklin County Finance Authority Local or Guaranteed Housing Revenue PUT 3.030%  11/1/2027      1,203      1,202
  Columbus-Franklin County Finance Authority Local or Guaranteed Housing Revenue PUT 5.000%  12/1/2027      1,786      1,829
  Columbus-Franklin County Finance Authority Local or Guaranteed Housing Revenue PUT 3.650%   7/1/2028      1,175      1,184
  Columbus-Franklin County Finance Authority Local or Guaranteed Housing Revenue PUT 3.190%   6/1/2029      3,060      3,050
  Columbus-Franklin County Finance Authority Local or Guaranteed Housing Revenue PUT 3.200%   6/1/2029        800        797
1,4 Columbus-Franklin County Finance Authority Tax Increment/Allocation Revenue (Bridge Park J Block Project) PUT TOB 2.340% 10/15/2026      6,730      6,730
1 Columbus-Franklin County Finance Authority Tax Increment/Allocation Revenue (Easton Project) 5.000%   6/1/2028        595        604
1,4 Cuyahoga County OH GO TOB VRDO 2.190%   8/6/2026      2,765      2,765
  Cuyahoga County OH Health, Hospital, Nursing Home Revenue 5.000%  2/15/2030      1,900      1,908
  Cuyahoga County OH Health, Hospital, Nursing Home Revenue 5.000%  2/15/2031      5,630      5,652
1,4 Cuyahoga OH GO TOB VRDO 2.190%   8/6/2026      1,265      1,265
  Dayton-Montgomery County Port Authority Local or Guaranteed Housing Revenue (Hom Flats at Forest Project) PUT 3.200%   7/1/2029      4,300      4,290
  Franklin County Convention Facilities Authority Hotel Project Industrial Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/2026        625        627
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.000%  5/15/2029      2,000      2,016
14 Freddie Mac Pool 2.650%   4/1/2029        164        158
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   1/1/2027        300        302
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   1/1/2028        310        316
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   1/1/2029        715        737
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   6/1/2029        375        394
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   1/1/2030        330        343
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   6/1/2030        300        318
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/2030        600        628
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   1/1/2031        390        406
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   6/1/2031        375        401
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/2031      1,140      1,201
  Hamilton County OH Health, Hospital, Nursing Home Revenue VRDO 2.330%   8/6/2026     40,195     40,195
  Horseheads Central School District BAN GO 5.000%  12/1/2026     23,225     23,383
  Huber Heights OH BAN GO 5.000% 11/19/2026     45,000     45,269
  Huber Heights OH Income Tax Revenue BAN 5.000% 11/19/2026     12,800     12,871
  Lake County OH BAN GO 3.750%  9/16/2026      5,300      5,304
  Lancaster Port Authority Natural Gas Revenue 5.000%   8/1/2026        300        300
  Lancaster Port Authority Natural Gas Revenue 5.000%   2/1/2027        240        242
  Lancaster Port Authority Natural Gas Revenue 5.000%   8/1/2027        240        244
  Lancaster Port Authority Natural Gas Revenue 5.000%   2/1/2028        370        379
  Lancaster Port Authority Natural Gas Revenue 5.000%   8/1/2028        290        299
  Lorain County OH BAN GO 4.000%  4/21/2027      2,625      2,636
  Lorain Metropolitan Housing Authority Local or Guaranteed Housing Revenue PUT 3.220%   6/1/2028      1,305      1,305
  Lorain Metropolitan Housing Authority Local or Guaranteed Housing Revenue PUT 3.100%   4/1/2029        970        965
  Miami County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/2026        250        250
  Middleburg Heights OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/2026        295        295
  Mid-Ohio Water & Sewer District Water Revenue BAN 3.600%  5/26/2027     10,450     10,431
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/2027      2,085      2,127
  Mount Vernon OH BAN GO 4.500%   6/2/2027     13,225     13,271
1 Mount Vernon OH BAN GO 4.000%  6/23/2027      3,000      3,026
9 Northeast Ohio Medical University College & University Revenue 5.000%  12/1/2026        250        252
  Norwood OH Special Obligation Revenue (Rookwood Exchange Project) 4.375%  12/1/2030        260        262
  Ohio Air Quality Development Authority Electric Power & Light Revenue (Duke Energy Corp. Project) PUT 4.000%   6/1/2027     16,085     16,165
  Ohio Air Quality Development Authority Electric Power & Light Revenue (First Energy Generation Project) 3.375%   8/1/2029     27,055     26,545
  Ohio Air Quality Development Authority Electric Power & Light Revenue (Ohio Valley Electric Corp. Program) 3.250%   9/1/2029      8,215      8,129
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Ohio Air Quality Development Authority Electric Power & Light Revenue (The Dayton Power & Light Co. Project) PUT 4.000%   6/1/2027     10,500     10,566
  Ohio Air Quality Development Authority Electric Power & Light Revenue PUT 3.500%   4/1/2030      6,860      6,821
  Ohio Health, Hospital, Nursing Home Revenue 5.000%  1/15/2027      3,500      3,529
  Ohio Health, Hospital, Nursing Home Revenue 5.000%  1/15/2030      6,000      6,321
1,4 Ohio Health, Hospital, Nursing Home Revenue PUT TOB 2.340%  9/17/2026      3,245      3,245
  Ohio Health, Hospital, Nursing Home Revenue VRDO 2.450%   8/3/2026     19,195     19,195
  Ohio Higher Educational Facility Commission 2.520%   9/1/2026     12,000     11,999
  Ohio Higher Educational Facility Commission 2.520%   9/1/2026     25,375     25,374
  Ohio Higher Educational Facility Commission College & University Revenue 6.000%  12/1/2030        505        541
  Ohio Higher Educational Facility Commission College & University Revenue 6.000%  12/1/2031        535        579
  Ohio Higher Educational Facility Commission College & University Revenue (John Carroll University 2022 Project) 5.000%  10/1/2027        750        753
  Ohio Higher Educational Facility Commission College & University Revenue (John Carroll University 2022 Project) 5.000%  10/1/2028        370        378
  Ohio Higher Educational Facility Commission College & University Revenue (Otterbein University 2022 Project) 5.000%  12/1/2026        100        100
  Ohio Higher Educational Facility Commission College & University Revenue (Otterbein University 2022 Project) 5.000%  12/1/2027        425        432
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2016 Project) 5.000%   5/1/2029        315        314
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2020 Project) 5.000%   5/1/2027        175        177
  Ohio Higher Educational Facility Commission College & University Revenue PUT 1.625%  12/1/2026      1,465      1,455
3 Ohio Higher Educational Facility Commission College & University Revenue, SIFMA Municipal Swap Index Yield + 0.230% 2.390%  12/1/2042      5,000      4,989
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Community Pendleton Project) PUT 3.400%   2/1/2028      1,290      1,292
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Marsh Run Homes Project) PUT 3.200%   2/1/2029      4,200      4,201
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Mortgage-Backed Securities Program) 6.000%   3/1/2028        125        131
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Mortgage-Backed Securities Program) 6.000%   9/1/2028        165        175
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Mortgage-Backed Securities Program) 6.000%   3/1/2029        125        134
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Mortgage-Backed Securities Program) 6.000%   9/1/2029        125        135
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Mortgage-Backed Securities Program) 6.000%   3/1/2030        130        142
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Mortgage-Backed Securities Program) 6.000%   9/1/2030        125        138
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Nelson Park Apartments Project) PUT 5.000%   3/1/2028     16,000     16,435
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Pebble Brooke Apartments Project) PUT 3.350%   7/1/2028      5,530      5,553
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Springboro Sherman Apartments Project) PUT 3.530%   2/1/2027      1,310      1,313
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Tyler’s Creek Apartments Project) PUT 3.150%   2/1/2030      1,570      1,550
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue PUT 4.000%  12/1/2026      2,980      2,990
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue PUT 5.000%   2/1/2027      6,824      6,833
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.370%   3/1/2027      1,930      1,931
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue PUT 5.000%   9/1/2027     11,250     11,475
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.680%   7/1/2028        255        252
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.750%  10/1/2028        645        637
1,4 Ohio Housing Finance Agency Local or Guaranteed Housing Revenue TOB VRDO 2.210%   8/6/2026      3,114      3,114
  Ottawa & Glandorf Local School District GO 3.000%  12/1/2030        295        286
1,4 Public Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.220%   8/6/2026     20,515     20,515
1,4 Public Finance Authority Revenue TOB VRDO 2.220%   8/6/2026     24,950     24,950
4 Salem OH Miscellaneous Revenue (Salem Community Center Inc. Project) VRDO 2.250%   8/6/2026        515        515
  Scioto County OH Health, Hospital, Nursing Home Revenue 5.000%  2/15/2028      2,490      2,492
  Springboro Community City School District BAN GO 4.000% 12/22/2026      9,490      9,517
  Summit County Development Finance Authority Local or Guaranteed Housing Revenue PUT 2.800%   4/1/2029      2,100      2,071
1,2 Summit County Green Local School District GO TOB VRDO 2.280%   8/6/2026      3,750      3,750
  University of Akron College & University Revenue 5.000%   1/1/2031      1,595      1,596
  University of Akron College & University Revenue 5.000%   1/1/2032        120        120
1,3 University of Toledo College & University Revenue, 70% of SOFR + 0.900% 3.448%   6/1/2036        925        919
  Warren County OH Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027        200        200
  Warren County OH Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027        470        478
  Warren County OH Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028        320        331
  Warren County OH Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029        310        325
                                       541,803
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
Oklahoma (0.5%)
  Canadian County Educational Facilities Authority Lease (Appropriation) Revenue (Mustang Public Schools Project) 5.000%   9/1/2026      1,025      1,026
  Carter County Public Facilities Authority Lease (Appropriation) Revenue (Plainview Public School Project) 5.000%  12/1/2026      1,000      1,006
  Grand River Dam Authority Electric Power & Light Revenue 5.000%   6/1/2028      1,175      1,183
  Lawton IDA Intergovernmental Agreement Revenue 5.000%   7/1/2028      1,305      1,353
  Lawton IDA Intergovernmental Agreement Revenue 5.000%   7/1/2030      1,000      1,065
  Lincoln County Educational Facilities Authority Lease (Appropriation) Revenue (Stroud Public Schools Project) 5.000%   9/1/2029      1,000      1,001
  Lincoln County Educational Facilities Authority Lease (Appropriation) Revenue (Stroud Public Schools Project) 5.000%   9/1/2030      1,000      1,001
  Lincoln County Educational Facilities Authority Lease (Appropriation) Revenue (Stroud Public Schools Project) 5.000%   9/1/2031      1,900      1,902
  Muskogee Industrial Trust Lease (Appropriation) Revenue (Muskogee Public Schools Project) 5.000%   9/1/2026      1,840      1,842
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2027      2,100      1,891
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2028      2,000      1,720
  Norman Regional Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2029      2,095      1,759
  Oklahoma City OK GO 2.750%   3/1/2029      4,080      3,998
  Oklahoma City Public Property Authority Hotel Occupancy Tax Revenue 5.000%  10/1/2028      1,265      1,267
  Oklahoma County Finance Authority Lease (Appropriation) Revenue 5.000%   9/1/2026        650        651
  Oklahoma County Finance Authority Lease (Appropriation) Revenue 5.000%   9/1/2027        965        976
  Oklahoma County Finance Authority Lease (Appropriation) Revenue 5.000%   9/1/2028        675        689
  Oklahoma County Finance Authority Lease (Appropriation) Revenue 5.000%   9/1/2029        805        827
  Oklahoma County Finance Authority Lease (Appropriation) Revenue 5.000%   9/1/2030      1,000      1,032
  Oklahoma County Finance Authority Lease (Appropriation) Revenue 5.000%   9/1/2031      1,125      1,160
  Oklahoma County Independent School District No. 1 Putnam City GO 3.125%   5/1/2028     16,000     15,997
  Oklahoma Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2029        910        911
  Oklahoma Development Finance Authority Lease (Appropriation) Revenue 4.000%  12/1/2028      1,300      1,304
  Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue (Astoria Creek Project) PUT 3.150%   2/1/2028      1,375      1,375
  Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue (Homeownership Loan Program) 2.550%   3/1/2027        165        164
  Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue (Homeownership Loan Program) 2.550%   9/1/2027        250        249
  Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue (Homeownership Loan Program) 2.650%   3/1/2028        375        372
  Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue (Homeownership Loan Program) 2.700%   9/1/2028        275        272
  Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue (Homeownership Loan Program) 2.750%   3/1/2029        270        267
  Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue (Homeownership Loan Program) 2.750%   9/1/2029        285        281
  Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue (Homeownership Loan Program) 2.800%   3/1/2030        250        245
  Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue (Homeownership Loan Program) 2.800%   9/1/2030        295        288
  Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue (Homeownership Loan Program) 2.850%   3/1/2031        300        288
  Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue (Homeownership Loan Program) 2.900%   9/1/2031        200        195
  Oklahoma Housing Finance Agency Local Or Guaranteed Housing Revenue (Trinity Trails Project) PUT 3.200%   4/1/2028        750        750
  Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue (Villages at Rose Hill Project) PUT 3.125%   6/1/2029        725        722
  Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.000%   4/1/2029     13,000     12,871
1,2 Oklahoma Municipal Power Authority Electric Power & Light Revenue TOB VRDO 2.260%   8/6/2026     10,000     10,000
1,2 Oklahoma Municipal Power Authority Electric Power & Light Revenue TOB VRDO 2.260%   8/6/2026      5,625      5,625
  Rogers County Educational Facilities Authority Lease (Appropriation) Revenue 5.000%   9/1/2027        105        107
  Rogers County Educational Facilities Authority Lease (Appropriation) Revenue 5.000%   9/1/2028        175        180
  Rogers County Educational Facilities Authority Lease (Appropriation) Revenue 5.000%   9/1/2029        165        171
  Rogers County Educational Facilities Authority Lease (Appropriation) Revenue 5.000%   9/1/2030        195        203
  Rogers County Educational Facilities Authority Lease (Appropriation) Revenue 5.000%   9/1/2031        200        210
  Rogers County Educational Facilities Authority Lease (Appropriation) Revenue 5.000%   9/1/2032        165        173
  Rogers County Educational Facilities Authority Lease (Appropriation) Revenue (Catoosa Public Schools Project) 5.000%   9/1/2026      1,490      1,492
  Tulsa County Industrial Authority Health, Hospital, Nursing Home Revenue (Montereau Inc. Project) 5.000% 11/15/2026        845        847
  Tulsa County Industrial Authority Lease (Appropriation) Revenue 4.000%   9/1/2030      1,210      1,234
  Tulsa County Industrial Authority Lease (Appropriation) Revenue (Owasso Public Schools Project) 5.000%   9/1/2026      1,100      1,102
  Tulsa County Industrial Authority Lease (Appropriation) Revenue (Owasso Public Schools Project) 5.000%   9/1/2027        220        225
                                        85,469
Oregon (0.3%)
  Albany Hospital Facility Authority Health, Hospital, Nursing Home Revenue (Mennonite Village Project) 3.200% 11/15/2029        470        469
  Albany Hospital Facility Authority Health, Hospital, Nursing Home Revenue (Mennonite Village Project) 3.450% 11/15/2030        310        308
  Albany Hospital Facility Authority Health, Hospital, Nursing Home Revenue (Mennonite Village Project) 3.950% 11/15/2031      1,270      1,260
  Medford Hospital Facilities Authority Health, Hospital, Nursing Home Revenue (Asante Project) 5.000%  8/15/2028        400        416
1 Medford Hospital Facilities Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.280%   8/6/2026      4,000      4,000
  Oregon Health & Science University Health, Hospital, Nursing Home Revenue PUT 5.000%   2/1/2030      1,915      2,011
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue 2.950%   1/1/2029        440        439
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue 3.100%   1/1/2030        365        363
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue 3.150%   7/1/2030        445        442
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue 3.200%   1/1/2031        235        234
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue 3.250%   7/1/2031        355        354
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue 3.350%   7/1/2032        100         98
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue (Hollywood Hub Apartments Project) PUT 4.000%   1/1/2029      9,945     10,052
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
1,4 Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue (Jami Court Apartments Project) TOB VRDO 2.390%   8/6/2026      2,102      2,102
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue (Verde Pines Project) PUT 3.100%   2/1/2028        867        866
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue PUT 3.125%   7/1/2028      1,285      1,284
1,4 Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue TOB VRDO 2.210%   8/6/2026      3,053      3,053
1,4 Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue TOB VRDO 2.390%   8/6/2026      1,505      1,505
  Oregon State Business Development Commission Industrial Revenue (Intel Corp. Project) PUT 3.800%  6/15/2028      8,530      8,607
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (Legacy Health Project) 5.000%   6/1/2030      2,770      2,938
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (Legacy Health Project) 5.000%   6/1/2030      1,155      1,156
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (Legacy Health Project) 5.000%   6/1/2032      1,695      1,696
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (PeaceHealth Project) 5.000% 11/15/2027        250        251
  Salem-Keizer School District No. 24J GO 0.000%  6/15/2027      1,000        975
  Salem-Keizer School District No. 24J GO 0.000%  6/15/2030      1,055        925
  Union County Hospital Facility Authority Health, Hospital, Nursing Home Revenue (Grande Ronde Hospital Project) 5.000%   7/1/2027        150        152
  Yamhill County Hospital Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2031      1,405      1,405
                                        47,361
Pennsylvania (3.3%)
  Adams County General Authority Health, Hospital, Nursing Home Revenue (The Brethren Home Community Project) 3.900%   6/1/2030        785        780
  Allegheny County Higher Education Building Authority College & University Revenue 5.000%   9/1/2026        420        420
3 Allegheny County Higher Education Building Authority College & University Revenue, 70% of SOFR + 0.290% 2.845%   2/1/2033        475        475
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2027        325        329
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2029      7,535      7,745
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2030      1,000      1,026
3 Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap Index Yield + 0.580% 2.740% 11/15/2026      2,000      1,996
3 Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap Index Yield + 0.700% 2.860% 11/15/2047     99,905     99,337
  Allegheny County IDA Industrial Revenue 5.125%   5/1/2030        585        611
  Allegheny County PA GO 5.000%  11/1/2029      2,785      2,800
  Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue 5.000%   5/1/2030         30         32
1 Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue (City Center Project) 5.000%   5/1/2027        360        364
  Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) 5.000%  10/1/2026        520        521
  Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) 5.000%  10/1/2030        630        661
  Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) 5.000%  10/1/2031        500        528
  Bucks County IDA College & University Revenue (Delaware Valley University Project) 5.000%  11/1/2026        470        471
  Bucks County IDA College & University Revenue (Delaware Valley University Project) 5.000%  11/1/2027        580        584
  Bucks County IDA Health, Hospital, Nursing Home Revenue (Grand View Hospital Project) 5.000%   7/1/2027      1,475      1,495
  Bucks County IDA Health, Hospital, Nursing Home Revenue (Pennswood Village Project) 5.000%  10/1/2030        250        253
  Central Dauphin School District GO 5.000%   2/1/2027      2,500      2,528
1 Centre County Hospital Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.190%   8/6/2026     31,985     31,985
  Chester County IDA Charter School Aid Revenue 5.000%   3/1/2027      1,850      1,851
1 Chester County IDA Charter School Aid Revenue 5.000%  10/1/2029        345        353
  Chester County IDA Charter School Aid Revenue (Collegium Charter School Project) 5.000% 10/15/2027        525        525
9 Chester County IDA Local or Guaranteed Housing Revenue (University Student Housing LLC Project) 5.000%   8/1/2026      1,100      1,100
9 Chester County IDA Local or Guaranteed Housing Revenue (University Student Housing LLC Project) 5.000%   8/1/2027      1,675      1,705
9 Chester County IDA Local or Guaranteed Housing Revenue (University Student Housing LLC Project) 5.000%   8/1/2028        875        905
9 Chester County IDA Local or Guaranteed Housing Revenue (University Student Housing LLC Project) 5.000%   8/1/2029        925        967
1 Chester County IDA Special Assessment Revenue (Woodlands at Graystone Project) 4.375%   3/1/2028         14         14
  Chichester School District GO 3.000% 10/15/2027      1,000        994
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/2030        330        342
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/2031      4,255      4,406
  Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue (Messiah Village Project) 5.000%   6/1/2028        280        288
  Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue (Messiah Village Project) 5.000%   6/1/2030        325        340
  Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue (Messiah Village Project) 5.000%   6/1/2032        505        533
1 Dauphin County General Authority College & University Revenue (The Harrisburg University of Science & Technology Project) 4.250% 10/15/2026        565        311
  Delaware County Regional Water Quality Control Authority Sewer Revenue 5.000%   5/1/2032      2,030      2,056
3 Delaware Valley Regional Finance Authority Intergovernmental Agreement Revenue, 67% of SOFR + 0.490% 2.935%   3/1/2057      3,290      3,290
  Doylestown Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028        130        130
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/2029      1,700      1,717
  East Hempfield Township IDA Health, Hospital, Nursing Home Revenue (Willow Valley Communities Project) 5.000%  12/1/2029        950        950
  East Hempfield Township IDA Health, Hospital, Nursing Home Revenue (Willow Valley Communities Project) 5.000%  12/1/2031         60         60
  Easton Area School District GO 4.000%   4/1/2027        190        192
  Easton Area School District GO 5.000%   4/1/2028        165        165
  Easton Area School District GO 5.000%   2/1/2031        420        428
  Easton Area School District GO 4.000%   4/1/2032        180        181
  Easton Area School District GO 4.000%   4/1/2033        140        140
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Erie Higher Education Building Authority College & University Revenue (Gannon University Project) 5.000%   5/1/2027        520        522
  Erie Higher Education Building Authority College & University Revenue (Gannon University Project) 5.000%   5/1/2028      1,095      1,097
  Erie Higher Education Building Authority College & University Revenue (Gannon University Project) 5.000%   5/1/2030      1,205      1,207
  Exeter Township School District GO 5.000%   9/1/2029      1,700      1,800
2 Forest Area School District GO 3.000%  11/1/2030        410        399
  Geisinger Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   4/1/2030      1,005      1,054
1 Jefferson County PA Hospital Authority Health, Hospital, Nursing Home Revenue 4.500%  1/15/2027      3,136      3,137
  Lackawanna County PA GO TRAN 3.875% 12/31/2026      5,000      4,989
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Brethren Village Project) 5.000%   7/1/2031        605        606
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Masonic Villages Project) 5.000%  11/1/2026        510        512
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Masonic Villages Project) 5.000%  11/1/2027        580        593
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Masonic Villages Project) 5.000%  11/1/2028        975      1,012
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Masonic Villages Project) 5.000%  11/1/2029        675        709
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Masonic Villages Project) 5.000%  11/1/2030        355        377
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Masonic Villages Project) 5.000%  11/1/2031        365        391
  Latrobe IDA College & University Revenue 5.000%   3/1/2029        150        153
  Latrobe IDA College & University Revenue 5.000%   3/1/2031        755        782
  Lehigh County General Purpose Authority College & University Revenue (Muhlenberg College Project) 5.000%   2/1/2028        600        614
  Lehigh County General Purpose Authority College & University Revenue (Muhlenberg College Project) 5.000%   2/1/2029      1,225      1,258
  Lehigh County General Purpose Authority College & University Revenue (Muhlenberg College Project) 5.000%   2/1/2030      1,000      1,032
  Lehigh County General Purpose Authority College & University Revenue (Muhlenberg College Project) 5.000%   2/1/2031        570        591
  Lehigh County General Purpose Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/2026        355        355
1,4 Lehigh County General Purpose Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.190%   8/6/2026     33,045     33,045
  Lehigh County PA Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028      2,555      2,640
  Lehigh County PA Health, Hospital, Nursing Home Revenue 5.000%  8/15/2028      1,100      1,141
  Lehigh County PA Health, Hospital, Nursing Home Revenue 5.000%  8/15/2029      1,340      1,408
  Lehigh County PA Health, Hospital, Nursing Home Revenue 5.000%  8/15/2030      1,000      1,062
  Lehigh County PA Health, Hospital, Nursing Home Revenue 5.000%  8/15/2031        800        857
  Lycoming County Authority College & University Revenue (Aicup Financing Program – Lycoming College Project) PUT 3.875%   5/1/2028        670        668
  Monroeville Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2027        300        303
  Monroeville Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2028        235        242
  Monroeville Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2032        750        809
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2026         25         25
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2027      1,050      1,037
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2029      1,590      1,641
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2032         15         15
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 5.000%   9/1/2026      1,300      1,302
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 5.000%   9/1/2030      2,320      2,418
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) 4.000%  12/1/2026        175        175
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) 4.000%  12/1/2030        300        302
  Montgomery County PA IDA Industrial Revenue PUT 4.100%   4/3/2028     22,175     22,584
2 Newport PA School District GO 2.250%  8/15/2028        215        209
9 Newport PA School District GO 2.750%  8/15/2030         50         48
  Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2028      4,170      4,174
  Pennsylvania Economic Development Financing Authority College & University Revenue (Eastern University Project) 5.000%  10/1/2027      1,380      1,400
  Pennsylvania Economic Development Financing Authority College & University Revenue (Eastern University Project) 5.000%  10/1/2029      1,530      1,576
  Pennsylvania Economic Development Financing Authority College & University Revenue (Eastern University Project) 5.250%  10/1/2031      1,175      1,238
  Pennsylvania Economic Development Financing Authority Electric Power & Light Revenue PUT 5.250%   6/1/2027      1,125      1,126
  Pennsylvania Economic Development Financing Authority Electric Power & Light Revenue PUT 5.250%   6/1/2027      5,090      5,094
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2028        300        310
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2028        485        502
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  3/15/2031        650        651
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2031     10,010     10,703
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  6/15/2031     16,190     17,330
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000% 12/15/2031      7,130      7,318
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  3/15/2030     19,195     20,171
3 Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap Index Yield + 0.580% 2.740% 11/15/2026      1,820      1,818
3 Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap Index Yield + 0.700% 2.860% 11/15/2047     30,285     30,216
  Pennsylvania Higher Educational Facilities Authority 2.580%  11/3/2026     25,000     24,996
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/2027        310        314
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/2030        650        660
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%  11/1/2030        210        210
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%  11/1/2031        935        935
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Pennsylvania Higher Educational Facilities Authority College & University Revenue (AICUP Financing Program) PUT 3.200%   5/1/2028      2,675      2,668
  Pennsylvania Higher Educational Facilities Authority College & University Revenue (Ursinus College Project) 5.000%  11/1/2028        930        953
  Pennsylvania Higher Educational Facilities Authority CP 2.640%  12/3/2026     25,000     24,996
5 Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2028      1,200      1,226
5 Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2031        780        826
1,2 Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.280%   8/6/2026     15,670     15,670
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.000%   4/1/2027        300        304
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.500%   4/1/2027        305        311
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 2.250%  10/1/2027        330        325
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.500%  10/1/2027        325        335
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.000%   4/1/2028      1,000      1,034
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.250%  10/1/2028        500        500
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.000%   4/1/2029        500        525
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.500%   4/1/2029        300        319
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.500%  10/1/2029        300        322
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.250%   4/1/2030        500        532
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.500%   4/1/2030        300        324
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.500%  10/1/2030        300        327
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.150%   9/1/2027      2,000      2,000
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.650%   9/1/2028        646        636
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2029      1,835      1,826
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2029      1,800      1,791
1 Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue TOB VRDO 2.200%   8/6/2026      4,655      4,655
1,4 Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue TOB VRDO 2.460%   8/6/2026      9,328      9,328
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 5.000%  12/1/2030        125        126
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 5.000%  12/1/2031      1,020      1,026
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 5.000%  12/1/2032        760        764
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/2026      4,235      4,235
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%  10/1/2029      1,000      1,003
  Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027      2,500      2,525
1 Philadelphia IDA Charter School Aid Revenue 4.500%  6/15/2029        450        451
  Philadelphia IDA College & University Revenue 5.000%  11/1/2026        850        854
  Philadelphia IDA College & University Revenue (Holy Family University Project) 5.000%   9/1/2027        305        311
1,4 Philadelphia PA IDA Multifamily Housing Local or Guaranteed Housing Revenue TOB VRDO 3.250%   8/3/2026     16,746     16,747
1,2 Philadelphia PA Water & Wastewater Revenue TOB VRDO 2.280%   8/6/2026     11,250     11,250
2 Pittsburgh & Allegheny County Sports & Exhibition Authority Intergovernmental Agreement Revenue 5.000%   2/1/2030        265        282
  Pittsburgh School District GO 5.000%   9/1/2028        115        120
7 Pittsburgh Water & Sewer Authority Water Revenue 0.000%   9/1/2029      1,130      1,020
1,2,3 Pittsburgh Water & Sewer Authority Water Revenue, 70% of SOFR + 0.800% 3.355%   9/1/2040     20,450     20,366
1,4 Public Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.220%   8/6/2026     13,630     13,630
1,4 Public Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.220%   8/6/2026     18,160     18,160
  Quaker Valley PA School District GO 3.000%   4/1/2030        340        335
  School District of Philadelphia (Housing Finance Program) GO 5.000%   9/1/2027      1,180      1,205
  School District of Philadelphia GO 5.000%   9/1/2027      2,910      2,915
  School District of Philadelphia GO 5.000%   9/1/2027      1,140      1,165
  School District of Philadelphia GO 5.000%   9/1/2028      1,352      1,354
  School District of Philadelphia GO 5.000%   9/1/2030      6,585      6,596
2 Scranton PA GO 5.000% 11/15/2027        385        394
2 Scranton PA GO 5.000% 11/15/2028        770        798
2 Scranton PA GO 5.000% 11/15/2029        625        654
  Scranton PA School District GO 5.000%  12/1/2027      1,400      1,434
  Scranton-Lackawanna Health & Welfare Authority College & University Revenue 5.000%  11/1/2026        455        457
  Scranton-Lackawanna Health & Welfare Authority College & University Revenue 5.000%  11/1/2026        500        502
  Scranton-Lackawanna Health & Welfare Authority College & University Revenue 5.000%  11/1/2027        205        210
  Scranton-Lackawanna Health & Welfare Authority College & University Revenue 5.000%  11/1/2028        500        519
  Scranton-Lackawanna Health & Welfare Authority College & University Revenue 5.000%  11/1/2029        425        446
  Scranton-Lackawanna Health & Welfare Authority College & University Revenue 5.000%  11/1/2029        525        551
  Scranton-Lackawanna Health & Welfare Authority College & University Revenue 5.000%  11/1/2030        555        588
  Scranton-Lackawanna Health & Welfare Authority College & University Revenue 5.000%  11/1/2031        780        834
  Scranton-Lackawanna Health & Welfare Authority College & University Revenue 5.000%  11/1/2031        660        704
  Scranton-Lackawanna Health & Welfare Authority College & University Revenue 5.000%  11/1/2032        715        767
  State Public School Building Authority College & University Revenue 5.000%  6/15/2027        525        534
  State Public School Building Authority College & University Revenue 5.000%  6/15/2028        555        575
9 State Public School Building Authority College & University Revenue 5.000%  10/1/2028        220        229
9 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 5.000%  10/1/2026        685        687
9 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 5.000%  10/1/2027        375        383
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
9 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 5.000%  10/1/2027        325        332
9 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 5.000%  10/1/2028        205        213
9 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 5.000%  10/1/2029        125        132
9 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 5.000%  10/1/2030        175        186
9 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 5.000%  10/1/2031        235        252
9 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 5.000%  10/1/2032        235        252
  State Public School Building Authority Lease (Non-Terminable) Revenue 5.000%   6/1/2027      1,250      1,258
  Washington County PA IDA College & University Revenue (Aicup Financing Program) 5.000%  11/1/2027      1,000      1,015
  West Cornwall Township Municipal Authority Health, Hospital, Nursing Home Revenue 4.000% 12/15/2028        315        312
  Westmoreland County PA GO 5.000%  8/15/2028      1,000      1,039
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue (Excela Health Project) 5.000%   7/1/2028      1,000      1,023
9 Wilkes-Barre PA Area School District GO 5.000%   8/1/2027      1,240      1,251
2 Williamsport Area School District GO 2.500%   8/1/2029        515        494
  York County PA IDA Industrial Revenue (Philadelphia Electric Co. Project) PUT 4.100%   4/3/2028      3,375      3,438
                                       605,383
Puerto Rico (0.7%)
  Commonwealth of Puerto Rico GO 5.625%   7/1/2027     47,056     47,990
  Commonwealth of Puerto Rico GO 5.625%   7/1/2029     44,271     46,743
1 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2028      4,095      4,220
1 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2028        480        495
1 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2029      2,415      2,522
1 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2029      4,635      4,837
1 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2030     11,655     12,283
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2027        842        818
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2029      8,452      7,661
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2031      4,101      3,472
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2031        133        113
                                       131,154
Rhode Island (0.1%)
2 Providence Public Building Authority Lease (Appropriation) Revenue (Capital Improvement Program Projects) 5.000%  9/15/2027        600        613
2 Providence Public Building Authority Lease (Appropriation) Revenue (Capital Improvement Program Projects) 5.000%  9/15/2028        400        415
  Rhode Island Commerce Corp. Port, Airport & Marina Revenue 5.000%   7/1/2032        325        332
  Rhode Island Health & Educational Building Corp. College & University Revenue 5.000%  9/15/2029      5,170      5,182
  Rhode Island Health & Educational Building Corp. College & University Revenue 5.000%  9/15/2030      1,040      1,042
  Rhode Island Health & Educational Building Corp. Health, Hospital, Nursing Home Revenue 5.000%  5/15/2031      3,265      3,472
9 Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue 4.250%  5/15/2029      1,000      1,008
  Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue 3.300%   4/1/2028        950        952
  Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue (Rock Ridge Project) PUT 3.350%   4/1/2028      1,585      1,588
8 Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue PUT 3.200%  10/1/2027      4,450      4,451
  Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue PUT 3.350%  10/1/2027        650        649
8 Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue PUT 3.600%  10/1/2027      4,830      4,831
                                        24,535
South Carolina (1.1%)
  Columbia SC Housing Authority Local or Guaranteed Housing Revenue PUT 5.000%   9/1/2026      6,055      6,064
  Fort Mill School District No. 4 GO 3.000%   3/1/2027      3,875      3,875
8 Medical University Hospital Authority Health, Hospital, Nursing Home Revenue (Nexton Project) 5.000%  5/15/2029        400        422
8 Medical University Hospital Authority Health, Hospital, Nursing Home Revenue (Nexton Project) 5.000%  5/15/2030        375        400
8 Medical University Hospital Authority Health, Hospital, Nursing Home Revenue (Nexton Project) 5.000% 11/15/2031        375        405
  Orangeburg County Facilities Corp. Lease (Appropriation) Revenue 5.000%  12/1/2027      1,140      1,159
  Piedmont Municipal Power Agency Electric Power & Light Revenue 5.000%   1/1/2030      1,000      1,001
  Piedmont Municipal Power Agency Nuclear Revenue 5.000%   1/1/2032        125        126
  Piedmont Municipal Power Agency Nuclear Revenue 5.000%   1/1/2033        135        136
1,4 Public Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.220%   8/6/2026     10,250     10,250
  Richland County SC School District No. 1 GO 3.150%   3/1/2027      1,000        999
  Rock Hill SC Combined Utility System Water Revenue 5.000%   1/1/2027        495        499
  South Carolina Jobs-Economic Development Authority 2.650% 10/15/2026     10,630     10,629
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2027        575        584
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/2029      1,000      1,034
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/2029      1,185      1,185
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2029        325        335
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue (Rolling Green Village Project) 4.000%  12/1/2030      1,670      1,670
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue (Rolling Green Village Project) 4.250%  12/1/2031      2,345      2,338
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue (Wesley Commons Project) 3.875%  10/1/2030      2,250      2,239
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/2030      6,000      6,400
1,4 South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue TOB VRDO 3.100%   8/3/2026     70,205     70,205
1,4 South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.310%   8/6/2026      9,655      9,655
1 South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.310%   8/6/2026      8,000      8,000
1,8 South Carolina Medical University Hospital Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.240%   8/6/2026      2,755      2,755
1,9 South Carolina Public Service Authority Electric Power & Light Revenue TOB VRDO 2.280%   8/6/2026      2,820      2,820
1,9 South Carolina Public Service Authority Electric Power & Light Revenue TOB VRDO 2.280%   8/6/2026      2,900      2,900
1,2 South Carolina Public Service Authority Electric Power & Light Revenue TOB VRDO 2.280%   8/6/2026     24,000     24,000
1,2 South Carolina Public Service Authority Electric Power & Light Revenue TOB VRDO 2.300%   8/6/2026     10,000     10,000
  South Carolina Public Service Authority Nuclear Revenue 5.000%  12/1/2027        365        365
  South Carolina Public Service Authority Nuclear Revenue 5.000%  12/1/2029        690        691
  South Carolina Public Service Authority Nuclear Revenue 5.000%  12/1/2030      1,430      1,431
  South Carolina Public Service Authority Nuclear Revenue 5.000%  12/1/2031      2,175      2,187
  South Carolina Public Service Authority Nuclear Revenue 5.000%  12/1/2031      1,010      1,016
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue (573 Meeting Street Project) PUT 3.000%   4/1/2027      1,750      1,750
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue (Settlement Manor Apartments Project) PUT 5.000%  11/1/2027        935        956
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue PUT 5.000%  12/1/2026      3,065      3,085
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue PUT 2.800%   4/1/2027      3,485      3,472
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue PUT 3.150%  11/1/2028        705        704
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue PUT 3.050%   2/1/2029      1,000        995
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue PUT 3.250%   2/1/2030      2,430      2,413
  Spartanburg Regional Health Services District Health, Hospital, Nursing Home Revenue 5.000%  4/15/2027        490        496
  Spartanburg Regional Health Services District Health, Hospital, Nursing Home Revenue 5.000%  4/15/2028      1,000      1,032
  University of South Carolina College & University Revenue 5.000%   5/1/2031      1,445      1,464
  University of South Carolina College & University Revenue 5.000%   5/1/2032      2,145      2,171
                                       206,313
South Dakota (0.1%)
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/2029     17,915     18,744
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue VRDO 2.200%   8/6/2026      3,700      3,700
                                        22,444
Tennessee (3.1%)
  Chattanooga Health Educational & Housing Facility Board Local or Guaranteed Housing Revenue (One Westside Phase 2B Project) PUT 2.950%   5/1/2029      1,325      1,311
  Chattanooga Health Educational & Housing Facility Board Local or Guaranteed Housing Revenue PUT 3.600%   6/1/2028      2,250      2,262
  Dickson TN Health & Educational Facilities Board Local or Guaranteed Housing Revenue PUT 3.000%   4/1/2027      4,025      4,022
  Dickson TN Health & Educational Facilities Board Local or Guaranteed Housing Revenue PUT 3.050%   4/1/2029      3,200      3,174
  Jackson TN Health, Hospital, Nursing Home Revenue 5.000%   4/1/2028      1,455      1,456
  Johnson City Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031        375        400
  Johnson City Health & Educational Facilities Board Local or Guaranteed Housing Revenue (Lakewood Apartments Project) PUT 2.850%   4/1/2028      1,250      1,250
  Kingsport Tennessee Industrial Development Board Local or Guaranteed Housing Revenue (Stonecrest Apartments Project) PUT 2.950%   9/1/2028      2,950      2,927
1 Knox County & Knoxville City Sports Authority Intergovernmental Agreement Revenue TOB VRDO 3.200%   8/3/2026     16,100     16,100
  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 Local or Guaranteed Housing Revenue (The Pines Apartments Project) PUT 3.100%   9/1/2027      1,500      1,499
1 Knoxville Industrial Development Board Local or Guaranteed Housing Revenue (Maplehurst Park Apartments Project) 4.250%  11/1/2030      6,470      6,382
  Knoxville's Community Development Corp. Local or Guaranteed Housing Revenue (525 Flats Porject) PUT 2.700%   6/1/2029        625        613
  Knoxville's Community Development Corp. Local or Guaranteed Housing Revenue (Bluegrass Apartments Project) PUT 5.000%   4/1/2027      4,353      4,407
  Knoxville's Community Development Corp. Local or Guaranteed Housing Revenue PUT 3.150%   5/1/2029      2,000      1,992
  Knoxville's Community Development Corp. Local or Guaranteed Housing Revenue PUT 3.050%   9/1/2029      1,360      1,341
  Marshall County TN GO 2.500%   5/1/2030        355        338
  Memphis City Health Educational & Housing Facility Board Local or Guaranteed Housing Revenue PUT 2.900%   7/1/2027      1,825      1,821
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board College & University Revenue (Lipscomb University Project) 5.000%  10/1/2029        565        566
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029      9,000      9,448
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029     14,185     14,892
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031      2,080      2,229
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032        790        852
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Local or Guaranteed Housing Revenue (Burning Tree Apartments Project) PUT 5.000%  10/1/2027      3,325      3,393
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Local or Guaranteed Housing Revenue (Northview Project) PUT 3.600%   2/1/2028      6,000      6,041
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Local or Guaranteed Housing Revenue (Park Point Project) PUT 3.500%   2/1/2028      5,255      5,264
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Local or Guaranteed Housing Revenue PUT 5.000%   2/1/2027     14,940     14,961
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Local or Guaranteed Housing Revenue PUT 2.850%   7/1/2027        896        894
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Local or Guaranteed Housing Revenue PUT 3.150%  12/1/2027        645        645
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Local or Guaranteed Housing Revenue PUT 3.150%   2/1/2029      3,060      3,054
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Local or Guaranteed Housing Revenue PUT 3.200%  12/1/2029      5,455      5,451
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Local or Guaranteed Housing Revenue PUT 3.050%   7/1/2030        710        695
  Metropolitan Government Nashville & Davidson County Industrial Development Board Local or Guaranteed Housing Revenue (Trinity Lane Apartments Project) PUT 3.150%   7/1/2029      2,590      2,578
1,2 Metropolitan Government Nashville & Davidson County Sports Authority Intergovernmental Agreement Revenue PUT TOB 2.310%   7/1/2031      9,100      9,100
1,2 Metropolitan Government Nashville & Davidson County Sports Authority Intergovernmental Agreement Revenue TOB VRDO 2.310%   8/6/2026      3,665      3,665
  Metropolitan Government of Nashville & Davidson County TN CP 2.800% 10/28/2026     12,500     12,500
  Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue CP 2.600%  10/5/2026      9,250      9,249
  Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue CP 2.700%  10/6/2026     30,000     29,997
  Nashville & Davidson County TN Metropolitan Government 2.540%  8/11/2026     19,500     19,500
  Nashville & Davidson County TN Metropolitan Government Water & Sewer Revenue 2.700%   8/6/2026     30,000     30,000
  Nashville & Davidson County TN Metropolitan Government Water & Sewer Revenue 2.590%   9/1/2026     22,000     21,998
  Nashville & Davidson County TN Metropolitan Government Water & Sewer Revenue 2.850%  9/22/2026     15,000     14,999
  New Memphis Arena Public Building Authority Lease (Non-Terminable) Revenue 4.000%   4/1/2028      2,315      2,352
  Oak Ridge Housing Authority Local or Guaranteed Housing Revenue PUT 3.200%  12/1/2028      1,940      1,936
1,4 Public Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.220%   8/6/2026     18,125     18,125
  Rutherford County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2030      5,000      5,334
  Shelby County Health Educational & Housing Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   5/1/2028      1,070      1,083
2 Shelby County Health Educational & Housing Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   6/1/2028      2,040      2,110
  Shelby County Health Educational & Housing Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   5/1/2029      1,340      1,354
2 Shelby County Health Educational & Housing Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   6/1/2029      2,400      2,517
2 Shelby County Health Educational & Housing Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   6/1/2030      3,210      3,402
2 Shelby County Health Educational & Housing Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   6/1/2031      2,555      2,730
  Shelby County Health Educational & Housing Facilities Board Health, Hospital, Nursing Home Revenue PUT 5.000%   9/1/2029     41,280     42,950
  Shelby County Health Educational & Housing Facilities Board Health, Hospital, Nursing Home Revenue PUT 5.000%   9/1/2030      3,165      3,330
  Tennergy Corp. TN Natural Gas Revenue 5.250%  12/1/2026        750        754
  Tennergy Corp. TN Natural Gas Revenue 5.500%  12/1/2027        975        996
  Tennergy Corp. TN Natural Gas Revenue 5.000%   6/1/2028        285        293
  Tennergy Corp. TN Natural Gas Revenue 5.500%  12/1/2028      1,100      1,138
  Tennergy Corp. TN Natural Gas Revenue 5.000%   6/1/2029        860        894
  Tennergy Corp. TN Natural Gas Revenue 5.500%  12/1/2029      2,000      2,086
  Tennergy Corp. TN Natural Gas Revenue PUT 4.000%   9/1/2028     56,920     57,329
  Tennergy Corp. TN Natural Gas Revenue PUT 5.000%  12/1/2029     47,050     49,141
  Tennergy Corp. TN Natural Gas Revenue PUT 5.500%  12/1/2030     10,435     10,991
  Tennessee Energy Acquisition Corp. Natural Gas Revenue 5.250%   9/1/2026      7,450      7,461
  Tennessee Energy Acquisition Corp. Natural Gas Revenue 5.625%   9/1/2026      5,800      5,808
  Tennessee Energy Acquisition Corp. Natural Gas Revenue 5.000%  11/1/2026        200        201
  Tennessee Energy Acquisition Corp. Natural Gas Revenue 5.000%   2/1/2027     11,470     11,546
  Tennessee Energy Acquisition Corp. Natural Gas Revenue (Gas Project) PUT 5.000%   5/1/2028     49,665     50,823
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 2.600%   1/1/2027        130        130
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 2.700%   7/1/2027        335        335
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 2.750%   1/1/2028        340        340
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 2.800%   7/1/2028        250        249
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 5.000%   7/1/2028        200        208
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 2.850%   1/1/2029        375        374
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 2.875%   7/1/2029        300        297
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 2.950%   1/1/2030        220        218
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 3.000%   7/1/2030        115        113
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 3.050%   1/1/2031        120        119
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 3.100%   7/1/2031        375        373
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 3.250%   1/1/2032        330        324
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 3.300%   7/1/2032        375        366
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Williamson County Industrial Development Board Local or Guaranteed Housing Revenue PUT 5.000%   5/1/2027      3,235      3,250
                                       567,352
Texas (9.9%)
  Alamito Public Facility Corp. Local or Guaranteed Housing Revenue PUT 3.200%   2/1/2027     11,962     11,962
  Alamo Area Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.390%   7/1/2028      3,570      3,590
  Alamo Area Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.000%  12/1/2028      1,560      1,547
  Amarillo TX Waterworks & Sewer System Water Revenue 3.000%   4/1/2027      1,000      1,000
16 Argyle Independent School District GO PUT 4.000%  8/15/2027      7,400      7,477
16 Argyle Independent School District GO PUT 4.000%  8/15/2028      5,230      5,320
  Arlington Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/2026        390        390
16 Arlington Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/2028        510        530
16 Arlington Higher Education Finance Corp. Charter School Aid Revenue 5.000%  2/15/2029      1,145      1,203
16 Arlington Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/2029        375        395
16 Arlington Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/2030        295        314
16 Arlington Higher Education Finance Corp. Charter School Aid Revenue 5.000%  2/15/2031      1,800      1,943
16 Arlington Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/2031        340        367
  Arlington Higher Education Finance Corp. Charter School Aid Revenue PUT 4.750%  8/15/2034      1,425      1,403
  Austin Affordable Pfc Inc. Local or Guaranteed Housing Revenue PUT 5.000%   9/1/2027      2,120      2,165
  Austin Affordable Pfc Inc. Local or Guaranteed Housing Revenue PUT 5.000%   9/1/2027        400        408
  Austin Affordable Pfc Inc. Local or Guaranteed Housing Revenue PUT 2.950%   5/1/2029      2,550      2,526
  Austin Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.400%  11/1/2027     15,090     15,163
  Austin TX Combined Utility Systems Revenue 2.500%   9/3/2026     28,400     28,396
  Austin TX Combined Utility Systems Revenue 2.580%  11/4/2026     26,500     26,493
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/2032      3,305      3,322
  Bexar County Hospital District GO 5.000%  2/15/2027      1,550      1,568
  Bexar County Hospital District GO 5.000%  2/15/2029        825        869
  Bexar Management & Development Corp. Local or Guaranteed Housing Revenue PUT 2.650%   3/1/2028        485        480
  Bexar Management & Development Corp. Local or Guaranteed Housing Revenue PUT 3.020%   5/1/2028      8,290      8,270
  Board of Regents of the University of Texas System College & University Revenue VRDO 2.110%   8/6/2026     25,000     25,000
  Board of Regents of the University of Texas System CP 2.550% 11/16/2026     25,000     24,989
  Board of Regents of the University of Texas System CP 2.580% 11/16/2026     25,000     24,989
16 Boerne Independent School District GO PUT 3.125%   2/1/2027      1,400      1,400
  Brazoria County Toll Road Authority Intergovernmental Agreement Revenue PUT 3.750%   9/1/2026      8,455      8,459
2 Brownsville TX Utilities System Multiple Utility Revenue 5.000%   9/1/2027      1,490      1,492
  Brushy Creek Regional Utility Authority Inc. Water Revenue 5.000%   8/1/2027      1,460      1,491
  Brushy Creek Regional Utility Authority Inc. Water Revenue 5.000%   8/1/2030      2,840      3,046
  Capital Area Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.125%   9/1/2027      3,125      3,129
7 Cedar Hill Independent School District GO 0.000%  8/15/2026      3,570      3,566
10,17 Central Texas Turnpike System Highway Revenue 0.000%  8/15/2026      2,435      2,433
  Central Texas Turnpike System Highway Revenue PUT 5.000%  8/15/2030     23,240     24,534
16 Clifton Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/2026      1,285      1,286
  Clifton Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/2027        990      1,007
16 Clifton Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/2028      1,000      1,043
16 Clifton Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/2029      1,375      1,445
  Corpus Christi TX GO 5.000%   3/1/2029        400        419
  Corpus Christi TX GO 5.000%   3/1/2030        325        345
  Corpus Christi TX GO 5.000%   3/1/2031        300        322
  Corpus Christi TX GO 5.000%   3/1/2032        510        552
1 Corpus Christi TX Utility System Water Revenue TOB VRDO 2.260%   8/6/2026      4,400      4,400
1 Crandall TX Special Assessment Revenue 4.250%  9/15/2030        103        103
  Dallas Area Rapid Transit Sales Tax Revenue 5.000%  12/1/2032        545        549
  Dallas Fort Worth International Airport 2.650%   8/5/2026     64,850     64,851
  Dallas Fort Worth International Airport CP 2.530%  10/7/2026     46,200     46,187
  Dallas Housing Finance Corp. Local or Guaranteed Housing Revenue (Waterford at Goldmark Project) PUT 3.300%   1/1/2028      6,415      6,429
  Dallas Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 5.000%   8/1/2026        842        842
  Dallas Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 5.000%   7/1/2027      1,665      1,678
  Dallas Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 5.000%  10/1/2027      1,503      1,535
16 Dallas Independent School District GO PUT 5.000%  2/15/2030     12,235     12,919
  Dallas TX GO 5.000%  2/15/2031        100        101
  Dallas TX Hotel Occupancy Tax Revenue 4.000%  8/15/2030      1,375      1,375
1 Dallas TX Special Tax Revenue (Fair Park Venue Project) PUT 6.250%  8/15/2028      7,375      7,383
  Dallas TX Waterworks & Sewer System Revenue CP 2.620%  8/20/2026     15,800     15,800
1 Decatur TX Special Assessment Revenue 4.500%  9/15/2030        194        195
1 Denton County TX Special Assessment Revenue 4.250% 12/31/2030        230        227
1 Denton County TX Special Assessment Revenue 4.750% 12/31/2030        234        232
1,4 Deutsche Bank Spears/Lifers Trust Revenue TOB VRDO 3.250%   8/3/2026      8,281      8,281
16 Dickinson Independent School District GO PUT 3.100%   8/2/2027      4,200      4,199
16 Eagle Mountain & Saginaw Independent School District GO PUT 4.000%   8/1/2027      2,345      2,369
1,16 Eagle Pass Independent School District GO TOB VRDO 2.190%   8/6/2026      2,665      2,665
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
16 Ector County Independent School District GO PUT 4.000%  8/15/2027      6,810      6,880
2 El Paso County Hospital District GO 5.000%  2/15/2027        890        899
2 El Paso County Hospital District GO 5.000%  2/15/2028      1,515      1,560
2 El Paso County Hospital District GO 5.000%  8/15/2028      1,000      1,036
2 El Paso County Hospital District GO 5.000%  2/15/2029      1,695      1,774
2 El Paso County Hospital District GO 5.000%  2/15/2030      1,475      1,563
2 El Paso County Hospital District GO 5.000%  2/15/2031      1,025      1,098
  El Paso TX Water & Sewer Revenue CP 2.720% 10/21/2026     11,000     11,000
1,4 El Paso TX Water & Sewer Water Revenue TOB VRDO 2.190%   8/6/2026      2,400      2,400
2 Fort Bend County Municipal Utility District No. 35 GO 4.000%   9/1/2031        200        200
  Fort Bend County TX GO 5.000%   3/1/2029        930        932
16 Fort Bend Independent School District GO PUT 0.720%   8/1/2026      4,940      4,940
16 Fort Bend Independent School District GO PUT 3.125%   8/1/2029     10,640     10,592
1 Fort Worth TX Water & Sewer System Water Revenue TOB VRDO 2.190%   8/6/2026     10,000     10,000
16 Frisco Independent School District GO 0.000%  8/15/2026      4,690      4,685
  Galveston TX Wharves & Terminal Port, Airport & Marina Revenue 5.000%   8/1/2027        550        560
  Galveston TX Wharves & Terminal Port, Airport & Marina Revenue 5.000%   8/1/2029        300        315
16 Goose Creek Consolidated Independent School District GO PUT 0.600%  8/17/2026      1,200      1,199
  Grand Parkway Transportation Corp. Highway Revenue PUT 5.000%   4/1/2028     17,945     18,414
1 Grand Parkway Transportation Corp. Highway Revenue TOB VRDO 2.190%   8/6/2026      4,750      4,750
1 Grand Parkway Transportation Corp. Highway Revenue TOB VRDO 2.280%   8/6/2026      6,000      6,000
1,9 Greater Texoma Utility Authority Intergovernmental Agreement Revenue TOB VRDO 2.330%   8/6/2026      4,845      4,845
9 Greenville TX Electric System Electric Power & Light Revenue 5.000%  2/15/2028      1,175      1,213
9 Greenville TX Electric System Electric Power & Light Revenue 5.000%  2/15/2029      1,140      1,194
9 Greenville TX Electric System Electric Power & Light Revenue 5.000%  2/15/2030        820        871
  Hale Center Education Facilities Corp. College & University Revenue (Wayland Baptist University Project) 5.000%   3/1/2028      1,635      1,662
16 Hardin-Jefferson Independent School District GO 2.000%  8/15/2028        390        378
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%  10/1/2027      1,000      1,001
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%  5/15/2029      1,000      1,049
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029      4,450      4,698
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 4.000% 11/15/2029      1,000      1,000
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030      8,000      8,553
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030        555        555
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031     10,635     11,486
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000%  12/1/2028      1,000      1,041
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/2029      4,580      4,807
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2030      2,750      2,954
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000%   6/1/2032     13,505     13,665
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue VRDO 2.000%   7/1/2056     45,000     45,000
3 Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap Index Yield + 0.520% 2.680% 11/15/2046     37,375     37,370
  Harris County Cultural Education Facilities Finance Corp.Electric Power & Light Revenue (Teco Project) 5.000% 11/15/2030        375        383
1 Harris County Hospital District GO TOB VRDO 2.190%   8/6/2026      7,410      7,410
1,4 Harris County Hospital District GO TOB VRDO 2.190%   8/6/2026      1,275      1,275
1 Harris County Hospital District GO TOB VRDO 2.190%   8/6/2026      1,135      1,135
1 Harris County Hospital District GO TOB VRDO 2.190%   8/6/2026      3,865      3,865
  Harris County Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 2.950%   9/1/2028      2,200      2,183
  Harris County TX Highway Revenue 5.000%  8/15/2028      1,500      1,502
1 Harris County TX Hospital District GO TOB VRDO 3.100%   8/3/2026     17,850     17,850
1 Harris County TX Hospital District GO TOB VRDO 3.100%   8/3/2026     11,875     11,875
1,4 Harris County TX Housing Authority Local or Guaranteed Housing Revenue TOB VRDO 2.210%   8/6/2026      2,775      2,775
7 Harris County-Houston Sports Authority Hotel Occupancy Tax Revenue, ETM 0.000% 11/15/2026      4,425      4,386
  HHA Fountainview PFC Local or Guaranteed Housing Revenue PUT 2.750%  10/1/2028      1,155      1,144
  Housing TX Options Inc. Local or Guaranteed Housing Revenue PUT 3.750%  11/1/2028      9,625      9,707
  Houston Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 2.890%   8/1/2027      2,918      2,913
  Houston Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.650%   2/1/2028      1,850      1,859
  Houston Independent School District GO PUT 5.000%  7/15/2028     14,140     14,658
2 Houston TX Combined Utility System Water Revenue 0.000%  12/1/2026      3,825      3,789
  Houston TX Combined Utility System Water Revenue 4.000% 11/15/2029     22,705     22,721
  Houston TX Combined Utility System Water Revenue 4.000% 11/15/2033      1,000      1,000
1 Houston TX Hotel Occupancy Tax & Special Hotel Occupancy Tax Revenue TOB VRDO 2.190%   8/6/2026      1,500      1,500
1,2 Houston TX Hotel Occupancy Tax & Special Hotel Occupancy Tax Revenue TOB VRDO 2.260%   8/6/2026      7,315      7,315
  Hunt Memorial Hospital District Charitable Health GO 5.000%  2/15/2027      1,700      1,711
  Hunt Memorial Hospital District Charitable Health GO 5.000%  2/15/2029      1,915      1,935
  Irving Hospital Authority Health, Hospital, Nursing Home Revenue 5.000% 10/15/2027        500        501
16 Jarrell Independent School District GO 2.750%  8/15/2030        565        544
  Jefferson County Housing Finance Corp.Local or Guaranteed Housing Revenue (Timbers Edge Apartments Project) PUT 3.000%   6/1/2028      1,875      1,870
1 Justin TX Special Assessment Revenue 2.500%   9/1/2026         25         25
  Karnes County Hospital District Health, Hospital, Nursing Home Revenue PUT 5.000%   2/1/2029      3,500      3,640
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
16 Katy Independent School District GO PUT 4.000%  8/15/2026      5,100      5,102
  Kyle TX Special Assessment Revenue 4.125%   9/1/2031        309        308
2 La Salle County TX GO 5.000%   3/1/2028      1,275      1,314
2 La Salle County TX GO 5.000%   3/1/2030        395        419
  Lake Houston Redevelopment Authority Intergovernmental Agreement Revenue 5.000%   9/1/2026        530        531
1,4,16 Lamar Consolidated Independent School District GO TOB VRDO 2.190%   8/6/2026      1,780      1,780
1,16 Lamar Consolidated Independent School District GO TOB VRDO 2.190%   8/6/2026      1,765      1,765
1,16 Lamar Consolidated Independent School District GO TOB VRDO 2.190%   8/6/2026      3,390      3,390
  Las Varas Public Facility Corp. Local or Guaranteed Housing Revenue PUT 3.350%  11/1/2029      1,000        982
  Legacy Denton Public Facility Corp. Local or Guaranteed Housing Revenue PUT 2.960%   4/1/2027      2,590      2,586
  Legacy Denton Public Facility Corp. Local or Guaranteed Housing Revenue PUT 3.150%   5/1/2029      2,415      2,403
16 Lewisville Independent School District GO 4.000%  8/15/2026     12,160     12,165
16 Lewisville Independent School District GO 3.000%  8/15/2030        125        124
  Liberty County TX GO 6.000%   8/1/2028      1,685      1,788
  Liberty County TX GO 6.000%   8/1/2029        510        554
1 Liberty Hill TX Special Assessment Revenue 3.125%   9/1/2032        200        187
16 Little Elm Independent School District GO PUT 3.700%  8/15/2028      5,000      5,003
  Lower Colorado River Authority Electric Power & Light Revenue PUT 5.000%  5/15/2028     19,855     20,414
1 Lower Colorado River Authority Electric Power & Light Revenue TOB VRDO 2.260%   8/6/2026      5,415      5,415
  Lubbock Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 2.800%   3/1/2028        420        417
  Manor Housing Public Facility Corp. Local or Guaranteed Housing Revenue PUT 3.400%   5/1/2028     22,100     22,174
  Matagorda County Navigation District No. 1 Industrial Revenue (AEP Texas Central Co. Project) 4.000%   6/1/2030      5,900      5,902
  Matagorda County Navigation District No. 1 Industrial Revenue (AEP Texas Central Co. Project) 4.000%   6/1/2030      2,500      2,501
10 Matagorda County Navigation District No. 1 Resource Recovery Revenue 4.400%   5/1/2030      9,415      9,802
16 McKinney Independent School District GO 5.000%  2/15/2030        285        285
16 Medina Valley Independent School District GO PUT 2.850%  2/15/2029        555        552
  Mesquite Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.350%   8/1/2027      4,030      4,035
16 Mesquite Independent School District GO 5.000%  8/15/2029      1,000      1,001
1 Midlothian TX Special Assessment Revenue 4.375%  9/15/2027         66         66
  Montgomery County Toll Road Authority Highway Revenue 5.000%  9/15/2029      1,585      1,587
  Montgomery County Toll Road Authority Highway Revenue 5.000%  9/15/2031        530        531
16 Navarro Independent School District GO PUT 4.000%  2/15/2028      3,395      3,447
16 New Caney Independent School District GO PUT 4.000%  8/15/2027      3,610      3,649
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   1/1/2027        305        307
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   1/1/2028        405        413
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   1/1/2029        320        330
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   1/1/2030        445        462
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%  8/15/2030      1,395      1,420
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Westminster Project) 5.000%  11/1/2026        140        141
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Westminster Project) 5.000%  11/1/2027        175        178
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Westminster Project) 5.000%  11/1/2028        220        227
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Westminster Project) 5.000%  11/1/2029        290        303
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Westminster Project) 5.000%  11/1/2030        400        421
  New Hope Cultural Education Facilities Finance Corp. Local or Guaranteed Housing Revenue 4.625%  10/1/2030      2,420      2,420
  New Hope Cultural Education Facilities Finance Corp. Local or Guaranteed Housing Revenue 5.250%  10/1/2030      7,670      7,670
  New Hope Cultural Education Facilities Finance Corp. Local or Guaranteed Housing Revenue (Bella Vida Forefront Living Project) 4.250%  10/1/2030        740        740
  Nortex Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 2.875%  10/1/2027      1,685      1,676
  North East Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/2029      1,520      1,580
16 North East TX Independent School District GO PUT 3.750%   8/1/2027      3,940      3,964
1 North Parkway Municipal Management District No. 1 Special Assessment Revenue 3.625%  9/15/2031        100         97
  North Texas Municipal Water District 2.800%   9/3/2026      5,000      5,000
  North Texas Municipal Water District Upper East Fork Wastewater Interceptor System Sewer Revenue 5.000%   6/1/2029        600        611
  North Texas Municipal Water District Water System Water Revenue 5.000%   9/1/2030      4,605      4,612
16 Northside Independent School District GO PUT 3.000%   8/1/2026     29,230     29,230
16 Northside Independent School District GO PUT 2.000%   6/1/2027      1,925      1,906
16 Northside Independent School District GO PUT 3.450%   8/1/2027      7,510      7,520
16 Northside Independent School District GO PUT 3.550%   6/1/2028     32,065     32,196
16 Northside Independent School District GO PUT 3.100%   8/1/2029     16,215     16,169
1 Northwest Independent School District GO TOB VRDO 2.190%   8/6/2026      4,000      4,000
16 Pasadena Independent School District GO PUT 3.230%  8/15/2027     57,685     57,750
9 Pearland TX GO 5.000%   3/1/2030      1,430      1,431
  Pearland TX Waterworks & Sewer System Water Revenue 5.000%   9/1/2028      1,200      1,223
  Pearland TX Waterworks & Sewer System Water Revenue 5.000%   9/1/2030      1,085      1,134
1 Pilot Point TX Special Assessment Revenue 5.000%  9/15/2030        250        254
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
1 Pilot Point TX Special Assessment Revenue 5.000%  9/15/2030        350        356
1 Pilot Point TX Special Assessment Revenue 5.250%  9/15/2032        100        103
  Plano TX GO 3.000%   9/1/2027        450        450
16 Port Neches-Groves TX Independent School District GO 2.750%  2/15/2030        670        652
  Potter County TX GO 3.000%   2/1/2028        500        498
16 Prosper Independent School District GO PUT 4.000%  8/15/2026      2,715      2,716
16 Prosper Independent School District GO PUT 4.000%  8/15/2028        110        112
  PSC TX Miscellaneous Revenue PUT 3.750%   2/1/2028      9,838      9,824
16 Round Rock Independent School District GO PUT 5.000%   8/1/2030     17,680     18,924
16 Round Rock Independent School District GO PUT 5.000%   8/1/2031     11,440     12,274
  SA Energy Acquisition Public Facility Corp. Natural Gas Revenue 5.500%   8/1/2027      1,385      1,413
  San Antonio Housing Trust Public Facility Corp. Local or Guaranteed Housing Revenue PUT 3.450%   7/1/2027      2,760      2,770
  San Antonio Housing Trust Public Facility Corp. Local or Guaranteed Housing Revenue PUT 5.000%   9/1/2027        225        230
  San Antonio Housing Trust Public Facility Corp. Local or Guaranteed Housing Revenue PUT 3.190%  10/1/2027        800        802
  San Antonio Housing Trust Public Facility Corp. Local or Guaranteed Housing Revenue PUT 5.000%  10/1/2027        330        337
  San Antonio Municipal Facilities Corp. Lease (Appropriation) Revenue (City Tower Renovation Project) PUT 5.000%   8/1/2027      2,900      2,953
  San Antonio TX 2.800% 11/17/2026     50,000     49,991
  San Antonio TX CP 2.800% 11/17/2026     90,000     89,959
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 1.125%  12/1/2026      3,420      3,392
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 3.650%  12/1/2026     10,540     10,544
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 2.000%  12/1/2027      1,600      1,568
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 2.900%  12/1/2027      6,170      6,118
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 3.080%  12/1/2028     20,145     20,036
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 3.000%  12/1/2029     34,230     33,729
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 3.200%  12/1/2030     37,145     36,442
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 3.150%  12/1/2031      6,180      6,015
16 San Antonio TX Independent School District GO 5.000%  8/15/2030        115        115
  San Antonio Water System Water Revenue PUT 1.000%  11/1/2026     11,795     11,731
  Schertz TX GO 3.000%   2/1/2030        215        210
16 Sinton Independent School District GO PUT 4.000%  8/15/2026      2,000      2,001
  SMHA Finance Public Facility Corp. Local or Guaranteed Housing Revenue PUT 3.700%   7/1/2027      5,500      5,532
16 Snook Independent School District GO 2.750%  2/15/2030        390        379
2 Southwest Houston Redevelopment Authority Intergovernmental Agreement Revenue 5.000%   9/1/2026        150        150
  Strategic Housing Finance Corp. of Travis County Local or Guaranteed Housing Revenue PUT 5.000%  12/1/2026     20,759     20,768
  Strategic Housing Finance Corp. of Travis County Local or Guaranteed Housing Revenue PUT 3.350%   3/1/2028      3,000      3,001
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028        300        312
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028      1,000      1,038
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Force Villages Project) 4.000%  5/15/2031         60         59
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Trinity Terrace Project) 5.000%  10/1/2026        780        782
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Trinity Terrace Project) 5.000%  10/1/2027      1,160      1,181
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Trinity Terrace Project) 5.000%  10/1/2028        430        444
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Trinity Terrace Project) 5.000%  10/1/2029        450        470
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2029     20,000     21,080
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000%   5/1/2030      9,125      9,669
1 Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue TOB VRDO 3.100%   8/3/2026     11,200     11,200
1 Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue TOB VRDO 3.170%   8/3/2026      1,100      1,100
1,4 Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue VRDO 3.200%   7/1/2047      6,700      6,700
  Tarrant County Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 5.000%   9/1/2027        333        340
  Tarrant County Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.600%   2/1/2028      3,450      3,468
1 Tender Option Bond Trust Receipts/Certificates Water Revenue TOB VRDO 2.190%   8/6/2026      2,300      2,300
1 Terrell TX Special Assessment Revenue 4.375%  9/15/2032        500        501
16 Texarkana Independent School District GO PUT 4.000%  8/15/2026        315        315
5,16 Texarkana Independent School District GO PUT 4.000%  8/15/2027     11,470     11,585
  Texas Department of Housing & Community Affairs Local or Guaranteed Housing Revenue 4.000%   9/1/2026        235        235
  Texas Department of Housing & Community Affairs Local or Guaranteed Housing Revenue PUT 3.250%   8/1/2026      3,750      3,750
  Texas Department of Housing & Community Affairs Local or Guaranteed Housing Revenue PUT 3.125%   8/1/2027     13,000     13,017
  Texas Department of Housing & Community Affairs Local or Guaranteed Housing Revenue PUT 3.050%   9/1/2027      7,766      7,764
  Texas GO PUT 2.800%  10/1/2030     15,000     14,782
  Texas GO VRDO 2.060%   8/5/2026      3,000      3,000
  Texas GO VRDO 2.350%   8/5/2026     23,465     23,465
  Texas GO VRDO 2.350%   8/5/2026     35,530     35,530
  Texas Municipal Gas Acquisition & Supply Corp. I Natural Gas Revenue 5.250% 12/15/2026        715        720
  Texas Municipal Gas Acquisition & Supply Corp. I Natural Gas Revenue 6.250% 12/15/2026     19,535     19,761
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
3 Texas Municipal Gas Acquisition & Supply Corp. I Natural Gas Revenue, 67% of TSFR3M + 1.625% 4.080% 12/15/2026      5,765      5,766
3 Texas Municipal Gas Acquisition & Supply Corp. II Natural Gas Revenue, 67% of TSFR3M + 1.045% 3.500%  9/15/2027      2,310      2,315
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/2026      8,035      8,088
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/2027     10,455     10,693
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/2028      6,590      6,809
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/2029      1,000      1,036
  Texas Municipal Gas Acquisition & Supply Corp. IV Natural Gas Revenue 5.250%   1/1/2027        750        756
  Texas Municipal Gas Acquisition & Supply Corp. VI Natural Gas Revenue 5.000%   1/1/2027        820        825
5 Texas Municipal Gas Acquisition & Supply Corp. VI Natural Gas Revenue 5.000%   3/1/2028        240        245
5 Texas Municipal Gas Acquisition & Supply Corp. VI Natural Gas Revenue 5.000%   3/1/2029        280        288
5 Texas Municipal Gas Acquisition & Supply Corp. VI Natural Gas Revenue 5.000%   3/1/2030        405        419
5 Texas Municipal Gas Acquisition & Supply Corp. VI Natural Gas Revenue 5.000%   3/1/2031        400        415
5 Texas Municipal Gas Acquisition & Supply Corp. VI Natural Gas Revenue 5.000%   3/1/2032        500        519
9 Texas Public Finance Authority College & University Revenue 5.000%   5/1/2027        620        628
  Texas Public Finance Authority College & University Revenue 5.000%   5/1/2028      1,000      1,023
  Texas State Affordable Housing Corp. Local or Guaranteed Housing Revenue PUT 2.800%  12/1/2026      1,935      1,934
  Texas State Affordable Housing Corp. Local or Guaranteed Housing Revenue PUT 3.625%   1/1/2027      1,765      1,769
  Texas State Affordable Housing Corp. Local or Guaranteed Housing Revenue PUT 2.800%   2/1/2027        492        491
  Texas State Affordable Housing Corp. Local or Guaranteed Housing Revenue PUT 3.350%   7/1/2027      6,625      6,643
  Texas State University System College & University Revenue 5.000%  3/15/2027      2,680      2,719
5 Texas State University System College & University Revenue 5.000%  3/15/2027        560        563
5 Texas State University System College & University Revenue 5.000%  3/15/2028      1,765      1,810
5 Texas State University System College & University Revenue 5.000%  3/15/2029        985      1,024
  Texas State University System College & University Revenue 5.000%  3/15/2029        800        842
5 Texas State University System College & University Revenue 5.000%  3/15/2030        920        968
5 Texas State University System College & University Revenue 5.000%  3/15/2031        710        756
1 Texas Transportation Finance Corp. Highway Revenue TOB VRDO 2.190%   8/6/2026      1,250      1,250
  Texas Water Development Board Water Revenue 5.000% 10/15/2029     15,475     15,499
  Texas Water Development Board Water Revenue 5.000% 10/15/2031      5,070      5,089
  Texas Water Development Board Water Revenue 4.000% 10/15/2032      1,910      1,910
1 Texas Water Development Board Water Revenue PUT TOB 2.360%   9/3/2026      4,955      4,955
1 Texas Water Development Board Water Revenue TOB VRDO 2.190%   8/6/2026      4,725      4,725
1 Texas Water Development Board Water Revenue TOB VRDO 2.190%   8/6/2026      1,820      1,820
1 Texas Water Development Board Water Revenue TOB VRDO 2.200%   8/6/2026      1,200      1,200
  THF Public Facility Corp. Local or Guaranteed Housing Revenue PUT 3.340%   2/1/2029      2,490      2,496
  Travis County Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 4.125%   6/1/2027      3,925      3,932
  Travis County Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.400%   7/1/2028      9,700      9,736
1,4 Travis County Housing Finance Corp. Local or Guaranteed Housing Revenue TOB VRDO 2.460%   8/6/2026      4,940      4,940
  Travis County TX GO 5.000%   3/1/2027      3,000      3,005
  Trinity River Authority Water Revenue 5.000%   2/1/2028         65         65
  Trinity River Public Facility Corp. Local or Guaranteed Housing Revenue (Hughes House II Project) 4.000%  12/1/2029        245        246
1,16 Tuloso-Midway TX Independent School District GO TOB VRDO 3.100%   8/3/2026      2,325      2,325
  University of Texa Board Regents System 2.520%  11/4/2026     25,000     24,996
  Victory Street Public Facility Corp. Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2029      2,275      2,263
16 Winona Independent School District GO 2.750%  2/15/2030        580        561
                                     1,814,562
Utah (0.4%)
  Box Elder County UT School District GO 3.000%  7/15/2028        800        799
  Davis School District (Utah School Board Guaranty Program) GO 3.000%   6/1/2029      1,000        985
2 Downtown Revitalization Public Infrastructure District Sales Tax Revenue 5.000%   6/1/2027        505        514
2 Downtown Revitalization Public Infrastructure District Sales Tax Revenue 5.000%   6/1/2028        570        591
2 Downtown Revitalization Public Infrastructure District Sales Tax Revenue 5.000%   6/1/2030        760        812
  Utah Associated Municipal Power Systems Electric Power & Light Revenue 5.000%   9/1/2029        125        129
1 Utah Charter School Finance Authority Charter School Aid Revenue (Renaissance Academy Project) 4.000%  6/15/2030        430        421
  Utah County UT Health, Hospital, Nursing Home Revenue PUT 5.000%   8/1/2026     11,480     11,480
  Utah County UT Health, Hospital, Nursing Home Revenue VRDO 2.500%   8/5/2026     14,675     14,675
  Utah Housing Corp. Local or Guaranteed Housing Revenue PUT 3.700%   8/1/2027      1,075      1,075
  Utah Housing Corp. Local or Guaranteed Housing Revenue PUT 3.180%   2/1/2029      2,075      2,072
  Utah Housing Corp. Local or Guaranteed Housing Revenue PUT 2.650%   3/1/2029        735        723
  Utah Housing Corp. Local or Guaranteed Housing Revenue PUT 2.950%   4/1/2029      5,050      5,000
  Utah Housing Corp. Local or Guaranteed Housing Revenue PUT 3.000%   9/1/2029      4,465      4,413
  Utah Housing Corp. Local or Guaranteed Housing Revenue PUT 3.240%  12/1/2029      5,790      5,792
  Utah Housing Corp. Local or Guaranteed Housing Revenue PUT 3.000%   2/1/2030      2,455      2,407
1,4 Utah Housing Corp. Mutlifamily Local or Guaranteed Housing Revenue TOB VRDO 2.210%   8/6/2026      1,240      1,239
2 Utah Transit Authority Sales Tax Revenue 5.250%  6/15/2029        120        127
1 Wasatch County School District Local Building Authority Lease (Appropriation) Revenue TOB VRDO 3.100%   8/3/2026     19,960     19,960
                                        73,214
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
Vermont (0.0%)
  Vermont Economic Development Authority Health, Hospital, Nursing Home Revenue (Wake Robin Corp. Program) 5.000%   5/1/2028        250        252
  Vermont Educational & Health Buildings Financing Agency College & University Revenue (Champlain College Project) 5.000% 10/15/2026        495        494
  Vermont Educational & Health Buildings Financing Agency College & University Revenue (Champlain College Project) 5.000% 10/15/2030      1,000        965
  Vermont Educational & Health Buildings Financing Agency Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031      5,000      5,005
                                         6,716
Virgin Islands (0.1%)
  Matching Fund Special Purpose Securitization Corp. Sales Tax Revenue 5.000%  10/1/2026      2,945      2,951
  Matching Fund Special Purpose Securitization Corp. Sales Tax Revenue 5.000%  10/1/2027      5,420      5,504
  Virgin Islands Transportation & Infrastructure Corp. Government Fund/Grant Revenue 5.000%   9/1/2026        815        816
  Virgin Islands Transportation & Infrastructure Corp. Government Fund/Grant Revenue 5.000%   9/1/2027        580        590
  Virgin Islands Transportation & Infrastructure Corp. Government Fund/Grant Revenue 5.000%   9/1/2028        555        573
  Virgin Islands Transportation & Infrastructure Corp. Government Fund/Grant Revenue 5.000%   9/1/2029        625        652
  Virgin Islands Transportation & Infrastructure Corp. Government Fund/Grant Revenue 5.000%   9/1/2030      1,165      1,225
  Virgin Islands Transportation & Infrastructure Corp. Government Fund/Grant Revenue 5.000%   9/1/2031        875        929
                                        13,240
Virginia (1.2%)
  Albemarle County Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2027        870        885
  Alexandria Redevelopment & Housing Authority Local or Guaranteed Housing Revenue PUT 3.200%   6/1/2027      1,790      1,790
  Arlington County IDA Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/2031      1,775      1,871
  Arlington County IDA Local or Guaranteed Housing Revenue PUT 3.100%   2/1/2027      2,495      2,492
  Arlington County IDA Local or Guaranteed Housing Revenue PUT 2.950%   9/1/2029      1,010        996
  Fairfax County Redevelopment & Housing Authority Local or Guaranteed Housing Revenue (Dominion Square North Project) PUT 5.000%   1/1/2028      2,595      2,638
  Halifax County IDA Electric Power & Light Revenue (Virginia Electric & Power Co. Project) PUT 3.800%  5/28/2027      1,440      1,449
  Harrisonburg Redevelopment & Housing Authority Local or Guaranteed Housing Revenue PUT 3.570%  10/1/2027      2,375      2,383
  Henrico County Economic Development Authority Local or Guaranteed Housing Revenue PUT 3.200%  10/1/2029      6,735      6,709
  Henrico County Economic Development Authority Local or Guaranteed Housing Revenue PUT 3.200%  12/1/2029      3,255      3,245
  James City County Economic Development Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/2026        870        871
  Lexington IDA Health, Hospital, Nursing Home Revenue 4.000%   1/1/2031         85         85
  Louisa IDA Electric Power & Light Revenue PUT 3.800%  5/28/2027      4,195      4,225
  Louisa IDA Nuclear Revenue PUT 3.650%  10/1/2027      2,785      2,808
  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        695        725
  Lynchburg Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2030      1,500      1,583
  Lynchburg Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2031      2,150      2,294
  Lynchburg Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2032      6,115      6,552
1,4 Public Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.220%   8/6/2026     16,650     16,650
  Richmond Redevelopment & Housing Authority Local or Guaranteed Housing Revenue PUT 3.050%   6/1/2028      1,350      1,348
  Richmond Redevelopment & Housing Authority Local or Guaranteed Housing Revenue PUT 3.450%   9/1/2028      5,648      5,670
  Richmond Redevelopment & Housing Authority Local or Guaranteed Housing Revenue PUT 3.450%   9/1/2028     15,000     15,033
1 Richmond VA Public Utility Natural Gas Revenue TOB VRDO 2.240%   8/6/2026      1,235      1,235
  Salem Economic Development Authority College & University Revenue 5.000%   4/1/2028        160        163
  Salem Economic Development Authority College & University Revenue 5.000%   4/1/2029        175        181
  Salem Economic Development Authority College & University Revenue 5.000%   4/1/2030        200        209
  Salem Economic Development Authority College & University Revenue 5.000%   4/1/2031        125        131
  Virginia Beach Development Authority Appropriations Revenue 4.000%  7/15/2027        100        100
  Virginia Beach Development Authority Health, Hospital, Nursing Home Revenue 5.375%   9/1/2029      2,260      2,263
1 Virginia College Building Authority College & University Revenue (Marymount University Project) 5.250%   7/1/2030        835        757
  Virginia Commonwealth Transportation Board Appropriations Revenue 0.000%   4/1/2027      4,335      4,251
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.550%   1/1/2027        490        489
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.600%   7/1/2027        520        517
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.750%   7/1/2027      1,085      1,084
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.650%   1/1/2028        260        258
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.750%   1/1/2028      1,555      1,551
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.800%   1/1/2028      1,900      1,898
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.850%   6/1/2028      2,855      2,856
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.650%   7/1/2028        165        163
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.700%   7/1/2028        265        263
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.800%   7/1/2028      1,945      1,936
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.850%   7/1/2028      1,965      1,962
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.550%   9/1/2028      6,100      6,101
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.900%  12/1/2028      7,445      7,448
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.750%   1/1/2029        190        188
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.900%   1/1/2029      1,000        997
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.900%   1/1/2029      1,080      1,075
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.250%   3/1/2029        275        275
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.850%   4/1/2029      1,730      1,715
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.000%   4/1/2029     10,585     10,558
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.625%   6/1/2029      7,185      7,185
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.700%   7/1/2029        100         98
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.800%   7/1/2029        275        270
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.950%   7/1/2029      1,175      1,165
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.950%   7/1/2029      2,015      1,996
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.250%   9/1/2029        625        625
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.900%  10/1/2029      5,900      5,856
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.750%   1/1/2030        175        171
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.950%   1/1/2030        275        268
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.000%   1/1/2030        970        958
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.000%   1/1/2030        535        530
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.750%   7/1/2030        250        244
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.050%   7/1/2030        275        270
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.050%   7/1/2030        550        542
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.100%   7/1/2030        560        553
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.800%   1/1/2031        460        441
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.100%   1/1/2031        850        846
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.150%   1/1/2031      1,000        998
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.200%   1/1/2031        275        274
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.850%   3/1/2031        840        816
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.850%   7/1/2031        275        263
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.150%   7/1/2031        280        279
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.200%   7/1/2031      1,000        994
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.300%   7/1/2031        300        292
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.250%   1/1/2032      1,105      1,083
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.300%   1/1/2032        965        949
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.300%   7/1/2032      1,005        983
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.350%   7/1/2032        625        612
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue PUT 2.800%   6/1/2027     23,500     23,458
  Virginia Public School Authority Intergovernmental Agreement Revenue 4.000%   8/1/2029      7,060      7,065
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2027        500        512
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2028        345        359
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2029        355        374
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 3.100%  12/1/2030        750        746
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2030        365        388
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031        515        551
1,4 Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.510%   8/6/2026      3,860      3,860
  Wise County IDA Electric Power & Light Revenue (Virginia Electric & Power Co. Project) PUT 3.800%  5/28/2027      2,250      2,265
  Wise County IDA Electric Power & Light Revenue (Virginia Electric & Power Co. Project) PUT 3.125%  10/1/2030     10,550     10,469
  York County Economic Development Authority Electric Power & Light Revenue (Virginia Electric & Power Co. Project) PUT 3.650%  10/1/2027      2,375      2,392
                                       215,656
Washington (2.2%)
1 Central Puget Sound Regional Transit Authority Miscellaneous Taxes Revenue TOB VRDO 3.150%   8/3/2026      9,495      9,495
7 Chelan County Public Utility District No. 1 Electric Power & Light Revenue 0.000%   6/1/2028      2,795      2,651
  Community Roots Housing Foundation Local or Guaranteed Housing Revenue PUT 3.400%   2/1/2028      7,125      7,159
  Energy Northwest Nuclear Revenue (Project No. 3) 5.000%   7/1/2027     34,000     34,724
1 Evergreen School District No.114 GO PUT TOB 2.320% 10/15/2026     14,000     14,000
  King County Housing Authority Local or Guaranteed Housing Revenue (Kirkland Heights Project) 5.000%   1/1/2028      1,345      1,355
  King County Public Hospital District No. 1 GO 5.000%  12/1/2030      3,175      3,191
  King County Public Hospital District No. 1 GO 5.000%  12/1/2032        300        301
  King County Public Hospital District No. 2 GO 5.000%  12/1/2027        100        103
  King County Public Hospital District No. 2 GO 5.000%  12/1/2030      1,060      1,134
3 King County WA Sewer Revenue, SIFMA Municipal Swap Index Yield + 0.230% 2.390%   1/1/2040     32,530     32,427
  Pierce County School District No. 320 Sumner GO 3.000%  12/1/2027        595        595
  Pierce County School District No. 320 Sumner GO 3.000%  12/1/2029      1,010        998
  Pierce County School District No. 343 GO 3.000%  12/1/2030        495        480
2 Port of Everett WA Port, Airport & Marina Revenue 5.000%  12/1/2028        955        998
2 Port of Everett WA Port, Airport & Marina Revenue 5.000%  12/1/2029        435        461
2 Port of Everett WA Port, Airport & Marina Revenue 5.000%  12/1/2030        125        134
2 Port of Everett WA Port, Airport & Marina Revenue 5.000%  12/1/2031        300        325
  Port of Seattle WA Port, Airport & Marina Revenue 5.000%   2/1/2029      1,100      1,101
  Port of Tacoma WA Port, Airport & Marina Revenue 5.000%  12/1/2032      1,550      1,561
  Seattle Housing Authority Local or Guaranteed Housing Revenue (Jackson Park Village Project) 5.000%  12/1/2029      1,950      2,020
  Seattle Housing Authority Local or Guaranteed Housing Revenue (Jackson Park Village Project) 4.000%  12/1/2032      2,970      2,940
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Seattle Housing Authority Local or Guaranteed Housing Revenue (Juniper Apartments Project) 5.000%   6/1/2027      4,500      4,506
  Seattle Housing Authority Local or Guaranteed Housing Revenue (Juniper Apartments Project) 4.375%  12/1/2030      4,220      4,258
3 Seattle WA Municipal Light & Power Electric Power & Light Revenue, SIFMA Municipal Swap Index Yield + 0.250% 2.410%   5/1/2045     14,575     14,575
  Skagit County Public Hospital District No. 1 Health, Hospital, Nursing Home Revenue 5.000%  12/1/2028      1,000      1,004
  Skagit County Public Hospital District No. 1 Health, Hospital, Nursing Home Revenue 5.000%  12/1/2030      1,000      1,003
1 Spokane County WA Airport Port, Airport & Marina Revenue TOB VRDO 2.310%   8/6/2026      5,730      5,730
  Spokane WA GO 3.500%  12/1/2028      1,615      1,601
  Spokane WA GO 4.000%  12/1/2029      1,535      1,535
1 Tacoma WA Electric System Electric Power & Light Revenue TOB VRDO 2.190%   8/6/2026      9,495      9,495
  University of Washington College & University Revenue PUT 4.000%   8/1/2027     19,755     19,847
  Vancouver Housing Authority Local or Guaranteed Housing Revenue 5.000%   8/1/2029        200        207
  Vancouver Housing Authority Local or Guaranteed Housing Revenue (Esther Short Project) 5.000%  10/1/2027      1,055      1,058
  Washington GO 5.000%   8/1/2029        100        100
  Washington GO 5.000%   8/1/2031      4,680      4,680
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2026        935        936
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2026      6,000      6,004
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2026      2,835      2,839
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2026        100        100
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2027        350        357
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2027      5,000      5,093
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2027      2,650      2,709
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2028         55         56
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2028      5,000      5,180
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2029        475        487
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2029      2,310      2,422
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2029      3,500      3,678
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2029      3,915      4,126
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2030      4,160      4,404
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030      4,110      4,383
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030     31,925     33,964
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030     22,880     24,341
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2031      6,025      6,425
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2031      4,295      4,614
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2032      3,825      3,883
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   8/1/2026     22,695     22,695
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue PUT 4.000%  10/1/2030     23,110     23,345
  Washington Higher Education Facilities Authority College & University Revenue (Whitworth University Project) 4.000%  10/1/2026        490        490
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 4.000%   7/1/2031     13,180     13,296
  Washington State Housing Finance Commission Health, Hospital, Nursing Home Revenue (Heron's Key Phase II Project) 5.000%   7/1/2030        225        239
  Washington State Housing Finance Commission Health, Hospital, Nursing Home Revenue (Heron's Key Phase II Project) 5.000%   7/1/2031        255        273
  Washington State Housing Finance Commission Health, Hospital, Nursing Home Revenue (Horizon House Project) 4.375%   1/1/2033      8,750      8,753
  Washington State Housing Finance Commission Health, Hospital, Nursing Home Revenue (Horizon House Project) 4.500%   1/1/2034      8,980      8,993
1 Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 3.950%   7/1/2029        185        185
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue (Camas Flats Apartments Project) PUT 5.000%   2/1/2027      1,500      1,514
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue PUT 5.000%   2/1/2027        800        802
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue PUT 2.700%  10/1/2027        999        990
1,4 Washington State Housing Finance Commission Local or Guaranteed Housing Revenue TOB VRDO 2.210%   8/6/2026      2,222      2,222
1,4 Washington State Housing Finance Commission Multifamily Local or Guaranteed Housing Revenue TOB VRDO 2.210%   8/6/2026      2,885      2,885
1,4 Washington State Housing Finance Commission Multifamily Local or Guaranteed Housing Revenue TOB VRDO 2.210%   8/6/2026      3,325      3,325
1,4 Washington State Housing Finance Commission Multifamily Local or Guaranteed Housing Revenue TOB VRDO 2.210%   8/6/2026      3,909      3,909
1,4 Washington State Housing Finance Commission Multifamily Local or Guaranteed Housing Revenue TOB VRDO 2.210%   8/6/2026      2,737      2,737
1 Washington State Various Purpose GO TOB VRDO 2.190%   8/6/2026      9,500      9,500
                                       409,906
West Virginia (0.2%)
2 Ohio County WV Special District Excise Tax Intergovernmental Agreement Revenue 5.000%   6/1/2027        300        305
2 Ohio County WV Special District Excise Tax Intergovernmental Agreement Revenue 5.000%   6/1/2029        170        178
2 Ohio County WV Special District Excise Tax Intergovernmental Agreement Revenue 5.000%   6/1/2030        450        476
  West Virginia Economic Development Authority Electric Power & Light Revenue (Appalachian Power Co. - AMOS Project) PUT 3.700%   6/1/2028      5,925      5,972
  West Virginia Economic Development Authority Electric Power & Light Revenue PUT 3.700%   6/1/2028      3,610      3,639
  West Virginia Economic Development Authority Industrial Revenue PUT 3.375%  6/15/2028      5,525      5,531
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2026      1,300      1,301
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2027        900        901
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2029        750        758
1 West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 2.310%   8/6/2026     15,280     15,280
  West Virginia Housing Development Fund Local or Guaranteed Housing Revenue PUT 5.000%   4/1/2027      1,157      1,171
  West Virginia Housing Development Fund Local or Guaranteed Housing Revenue PUT 3.200%   2/1/2028        650        650
9 Wheeling WV Waterworks & Sewerage System Water Revenue 5.000%   6/1/2027        365        371
9 Wheeling WV Waterworks & Sewerage System Water Revenue 5.000%   6/1/2029        100        105
                                        36,638
Wisconsin (2.0%)
2 Beloit School District GO 3.000%   4/1/2030        405        390
  Brown County WI GO 2.750%  11/1/2030        310        294
  Dodge County WI GO 2.500%   8/1/2030        765        726
  Greenfield WI GO 2.500%   3/1/2030        525        501
  Hamilton WI School District GO 3.000%   4/1/2029      1,265      1,251
  Hudson WI GO 3.000%  12/1/2030        375        367
  Kaukauna WI Waterworks System Water Revenue BAN 4.000%  12/1/2029      1,500      1,508
9 Milwaukee WI GO 5.000%  12/1/2026      3,750      3,777
  Milwaukee WI GO 5.000%  12/1/2026      2,735      2,753
9 Milwaukee WI GO 5.000%  12/1/2027      1,000      1,029
  Milwaukee WI GO 5.000%  12/1/2027      1,000      1,026
  Milwaukee WI GO 5.000%   4/1/2028      1,285      1,326
9 Milwaukee WI GO 5.000%   4/1/2028      1,315      1,362
9 Milwaukee WI GO 5.000%  12/1/2028      3,755      3,921
  Milwaukee WI GO 5.000%  12/1/2028      2,745      2,864
  Milwaukee WI GO 5.000%  12/1/2029      2,750      2,907
  Milwaukee WI GO 5.000%  12/1/2030      2,755      2,943
  Milwaukee WI Sewerage System Sewer Revenue 3.000%   6/1/2030        150        144
  Mount Pleasant WI GO 2.750%   5/1/2030        360        346
  Onalaska WI GO 2.300%  10/1/2030        355        332
  Oregon WI School District GO 2.700%   3/1/2027      1,075      1,069
  Platteville School District GO 3.000%   3/1/2030         60         59
  PMA Levy & Aid Anticipation Notes Program Intergovernmental Agreement Revenue (Anticipation Notes Program) 5.000%  9/24/2026      9,105      9,128
1 Public Finance Authority Charter School Aid Revenue 4.125%  6/15/2029        215        212
  Public Finance Authority Charter School Aid Revenue 4.000%   7/1/2030        305        304
1 Public Finance Authority Charter School Aid Revenue 4.000%  7/15/2033      1,050      1,031
1 Public Finance Authority Charter School Aid Revenue (College Achieve Paterson Charter School Project) 5.000%  6/15/2027        435        436
  Public Finance Authority College & University Revenue 5.000%   6/1/2027        160        162
  Public Finance Authority College & University Revenue 5.000%   4/1/2028      1,025      1,041
  Public Finance Authority College & University Revenue 5.000%   6/1/2028        120        122
  Public Finance Authority College & University Revenue 5.000%   4/1/2029      1,155      1,182
  Public Finance Authority College & University Revenue 5.000%   6/1/2029        170        175
  Public Finance Authority College & University Revenue 5.250%  10/1/2029      1,825      1,838
  Public Finance Authority College & University Revenue 5.000%   6/1/2030        360        371
  Public Finance Authority College & University Revenue 5.250%  10/1/2030      1,925      1,935
  Public Finance Authority College & University Revenue 5.000%   6/1/2031        615        636
  Public Finance Authority Electric Power & Light Revenue (Duke Energy Progress Project) PUT 3.300%  10/1/2026     12,715     12,710
  Public Finance Authority Electric Power & Light Revenue (Duke Energy Progress Project) PUT 3.700%  10/1/2030        485        493
1 Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2027        245        245
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2028      2,025      2,031
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2028        500        517
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2029        700        735
  Public Finance Authority Health, Hospital, Nursing Home Revenue (Kahala Nui Project) 5.000% 11/15/2027        290        296
  Public Finance Authority Health, Hospital, Nursing Home Revenue (Kahala Nui Project) 5.000% 11/15/2028        380        394
  Public Finance Authority Health, Hospital, Nursing Home Revenue (Renown Regional Medical Center Project) 5.000%   6/1/2030      1,000      1,058
1 Public Finance Authority Health, Hospital, Nursing Home Revenue (Sustanable Bond-Inpremium Project) 5.500%  12/1/2026        210        211
1 Public Finance Authority Health, Hospital, Nursing Home Revenue (Sustanable Bond-Inpremium Project) 5.500%  12/1/2027        105        107
1 Public Finance Authority Health, Hospital, Nursing Home Revenue (Sustanable Bond-Inpremium Project) 5.500%  12/1/2028        155        159
1 Public Finance Authority Health, Hospital, Nursing Home Revenue (Sustanable Bond-Inpremium Project) 5.500%  12/1/2029        250        259
1 Public Finance Authority Health, Hospital, Nursing Home Revenue (Sustanable Bond-Inpremium Project) 5.500%  12/1/2030        175        182
1 Public Finance Authority Health, Hospital, Nursing Home Revenue (Sustanable Bond-Inpremium Project) 5.500%  12/1/2031        185        193
1 Public Finance Authority Health, Hospital, Nursing Home Revenue (Sustanable Bond-Inpremium Project) 5.500%  12/1/2032        400        420
  Public Finance Authority Health, Hospital, Nursing Home Revenue PUT 4.000%  10/1/2030      4,965      5,016
1,4 Public Finance Authority Health, Hospital, Nursing Home Revenue, TOB VRDO 2.460%   8/6/2026     11,265     11,265
  Public Finance Authority Intergovernmental Agreement Revenue PUT 4.000%   8/1/2027     14,933     14,935
  Public Finance Authority Intergovernmental Agreement Revenue PUT 3.625%  6/15/2031      7,400      7,331
  Public Finance Authority Local or Guaranteed Housing Revenue 5.000%   6/1/2030        230        236
1,3 Public Finance Authority Local or Guaranteed Housing Revenue, 67% of SOFR + 1.150% 3.595%  12/1/2068     64,060     63,836
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value
($000)
  Sussex WI GO 3.000%   6/1/2030        295        288
  University of Wisconsin Hospitals & Clinics Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2031     17,180     18,379
  Waushara County WI Miscellaneous Revenue 4.500%   6/1/2027      2,630      2,632
  West Bend WI GO 2.500%   3/1/2030        570        542
5 Wisconsin GO 5.000%   5/1/2030      1,215      1,294
5 Wisconsin GO 5.000%   5/1/2031      1,025      1,107
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2026      1,930      1,942
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2027      1,220      1,239
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2027        125        126
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2027      1,305      1,338
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.200%  8/15/2028        490        490
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2028      1,650      1,714
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2028      3,885      4,049
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2029     17,615     18,347
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2029        400        404
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2029      1,175      1,232
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2029        200        207
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2029      1,000      1,053
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2029      1,115      1,172
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.250% 11/15/2029     12,720     12,717
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2029      4,575      4,605
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2029      2,715      2,866
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2030      2,490      2,653
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2030      1,310      1,314
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2030      2,855      3,048
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2031        280        293
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2031      1,000      1,003
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2032      2,380      2,405
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  6/22/2029      4,000      4,213
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  6/22/2029      6,935      7,272
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  12/1/2031     12,775     13,503
1,4 Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue TOB VRDO 3.250%   8/3/2026     14,162     14,161
  Wisconsin Health & Educational Facilities Authority Local or Guaranteed Housing Revenue 3.625%  11/1/2029        325        327
  Wisconsin Housing & Economic Development Authority Home Ownership Local or Guaranteed Housing Revenue 3.000%   3/1/2030      1,055      1,041
  Wisconsin Housing & Economic Development Authority Home Ownership Local or Guaranteed Housing Revenue 3.050%   9/1/2030        475        467
  Wisconsin Housing & Economic Development Authority Home Ownership Local or Guaranteed Housing Revenue 3.500%   9/1/2031      1,485      1,493
  Wisconsin Housing & Economic Development Authority Housing Local or Guaranteed Housing Revenue PUT 3.750%  11/1/2026        955        956
  Wisconsin Housing & Economic Development Authority Housing Local or Guaranteed Housing Revenue PUT 3.875%   5/1/2027        155        155
  Wisconsin Housing & Economic Development Authority Housing Local or Guaranteed Housing Revenue PUT 3.050%   5/3/2027      7,305      7,299
  Wisconsin Housing & Economic Development Authority Housing Local or Guaranteed Housing Revenue PUT 3.750%   5/1/2028      9,135      9,150
  Wisconsin Housing & Economic Development Authority Housing Local or Guaranteed Housing Revenue PUT 3.100%  11/1/2028      6,400      6,382
  Wisconsin Housing & Economic Development Authority Local or Guaranteed Housing Revenue (100 E . National Project) PUT 5.000%   8/1/2026      1,031      1,031
  Wisconsin Housing & Economic Development Authority Local or Guaranteed Housing Revenue (New Hampton Gardens Project) PUT 5.000%  12/1/2026      7,500      7,549
  Wisconsin Housing & Economic Development Authority Local or Guaranteed Housing Revenue (The Intersect Project) PUT 5.000%   2/1/2027      1,625      1,640
  Wisconsin Housing & Economic Development Authority Local or Guaranteed Housing Revenue (View at Huxley Yards Project) PUT 5.000%   8/1/2026     34,797     34,797
                                       371,992
Wyoming (0.0%)
  Consolidated Municipalities Electric Power Systems Joint Powers Board Lease (Appropriation) Revenue 5.000%   6/1/2028        700        726
  Wyoming Community Development Authority Local or Guaranteed Housing Revenue 3.000%  12/1/2029        280        277
  Wyoming Community Development Authority Local or Guaranteed Housing Revenue 3.000%   6/1/2030        175        172
  Wyoming Community Development Authority Local or Guaranteed Housing Revenue 3.050%  12/1/2030        165        162
  Wyoming Community Development Authority Local or Guaranteed Housing Revenue 3.150%   6/1/2031        300        299
  Wyoming Community Development Authority Local or Guaranteed Housing Revenue 3.200%  12/1/2031        395        392
  Wyoming Community Development Authority Local or Guaranteed Housing Revenue 3.300%   6/1/2032        325        317
  Wyoming Community Development Authority Local or Guaranteed Housing Revenue 3.300%  12/1/2032        320        312
                                         2,657
Total Tax-Exempt Municipal Bonds (Cost $17,988,755) 17,970,878
    Coupon   Shares Market
Value
($000)
Temporary Cash Investments (2.2%)
Investment Company (2.2%)
18 Vanguard Municipal Low Duration Fund (Cost $402,629) 2.621%            40,262,925    402,629
Total Investments (100.7%) (Cost $18,391,384) 18,373,507
Other Assets and Liabilities—Net (-0.7%) (123,731)
Net Assets (100%) 18,249,776
Cost is in $000.
1 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 $3,456,297, representing 18.9% of net assets.
2 Scheduled principal and interest payments are guaranteed by Assured Guaranty Inc.
3 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.
4 Scheduled principal and interest payments are guaranteed by bank letter of credit.
5 Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of July 31, 2026.
6 Non-income-producing security—security in default.
7 Scheduled principal and interest payments are guaranteed by National Public Finance Guarantee Corp.
8 Scheduled principal and interest payments are guaranteed by Federal Housing Authority.
9 Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co.
10 Scheduled principal and interest payments are guaranteed by Ambac Assurance Corp.
11 Scheduled principal and interest payments are guaranteed by Financial Guaranty Insurance Co.
12 Step bond.
13 Scheduled principal and interest payments are guaranteed by Michigan School Board Loan Fund.
14 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.
15 Securities with a value of $1,987 have been segregated as initial margin for open futures contracts.
16 Scheduled principal and interest payments are guaranteed by Texas Permanent School Fund.
17 Scheduled principal and interest payments are guaranteed by Berkshire Hathaway Assurance Corp.
18 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.
  CP—Commercial Paper.
  ETM—Escrowed to Maturity.
  GAN—Grant Anticipation Note.
  GO—General Obligation Bond.
  IDA—Industrial Development Authority Bond.
  Prere.—Prerefunded.
  PUT—Put Option Obligation.
  RAN—Revenue Anticipation Note.
  SIFMA—Securities Industry and Financial Markets Association.
  SOFR—Secured Overnight Financing Rate.
  TOB—Tender Option Bond.
  TRAN—Tax Revenue Anticipation Note.
  TSFR1M—CME Term Secured Overnight Financing Rate 1-Month.
  TSFR3M—CME Term Secured Overnight Financing Rate 3-Month.
  VRDO—Variable Rate Demand Obligation.
  VRDP—Variable Rate Demand Preferred.
  
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts 		Notional
Amount 		Value and
Unrealized
Appreciation
(Depreciation)
Short Futures Contracts        
5-Year U.S. Treasury Note September 2026 (875) (92,729) 366
                 
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)
9/23/2026 JPMC 36,000 Buy 5-Year MMD AAA General Obligation Scale 2.630% (569) — (569)
  JPMC—JPMorgan Chase 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 — 17,970,878 — 17,970,878
Temporary Cash Investments 402,629 — — 402,629
Total 402,629 17,970,878 — 18,373,507
Derivative Financial Instruments         
Assets        
Futures Contracts1 366 — — 366
Liabilities        
Swap Contracts — (569) — (569)
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.