Vanguard® Short Duration Tax-Exempt Bond ETF
Schedule of Investments (unaudited)
As of July 31, 2026
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
Tax-Exempt Municipal Bonds (98.8%)
Alabama (8.1%)
  Alabama Economic Settlement Authority Miscellaneous Revenue 4.000%  9/15/2033     140     139
  Alabama Federal Aid Highway Finance Authority Government Fund/Grant Revenue, Prere. 5.000%   9/1/2027     100     102
  Alabama Housing Finance Authority Local or Guaranteed Housing Revenue (Cooper Green Homes Project) PUT 5.000%   2/1/2028     325     334
  Alabama Housing Finance Authority Local or Guaranteed Housing Revenue (Forest Hills Village Project) PUT 5.000%  11/1/2026     755     758
  Alabama Housing Finance Authority Local or Guaranteed Housing Revenue (Fred Marshall Court Project) PUT 3.150%   6/1/2028     100     100
  Alabama Housing Finance Authority Local or Guaranteed Housing Revenue (Sutton Estates Project) PUT 3.200%   1/1/2029     120     120
  Alabama Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2028     400     400
  Alabama Public School & College Authority Sales Tax Revenue 3.000%   5/1/2029     175     174
  Alabama Special Care Facilities Financing Authority-Birmingham AL Health, Hospital, Nursing Home Revenue 5.000%   6/1/2030     100     106
1 Alabama State University College & University Revenue 5.000%   9/1/2027      70      71
2 Alabama State University College & University Revenue 5.000%   9/1/2028     100     104
2 Alabama State University College & University Revenue 5.000%   9/1/2030     100     107
  Baptist Health Care Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2027      95      97
  Baptist Health Care Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2030     570     598
  Baptist Health Care Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2032     560     592
  Baptist Health Care Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2033     375     395
  Birmingham Water Works Board Water Revenue, Prere. 4.000%   1/1/2027      60      60
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   9/1/2026     250     250
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   7/1/2027      50      51
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2027     100     102
  Black Belt Energy Gas District Natural Gas Revenue 4.000%  12/1/2029     150     152
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2030     850     887
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2031     100     104
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2031   1,685   1,752
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2032     100     105
  Black Belt Energy Gas District Natural Gas Revenue 5.000%   1/1/2034     460     476
  Black Belt Energy Gas District Natural Gas Revenue 5.000%  12/1/2034   1,560   1,612
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project No. 7) 4.000%  12/1/2026     100     101
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project No. 7) PUT 4.000%  10/1/2052     400     403
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project No. 8) PUT 4.000%  12/1/2029   1,845   1,847
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  12/1/2027     100     102
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.250%  12/1/2027     155     159
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2028     100     102
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2028     100     103
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  12/1/2028     250     258
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   5/1/2029     970   1,002
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2029     100     103
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  11/1/2029     140     145
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2030     100     103
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   7/1/2030     100     103
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  12/1/2030     250     260
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2031     100     104
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2031      75      78
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2032     195     201
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2032     200     208
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  12/1/2032     300     311
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2033     460     478
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   7/1/2033   1,500   1,551
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  10/1/2033     960   1,005
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  11/1/2033     260     270
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%   6/1/2034     375     390
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  10/1/2035     215     216
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  10/1/2035     165     170
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) 5.000%  12/1/2035     100     104
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) PUT 5.000%   6/1/2028   1,235   1,270
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) PUT 5.500%  12/1/2028     690     717
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) PUT 5.500%   2/1/2029     935     975
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) PUT 5.000%   5/1/2035     160     165
  Black Belt Energy Gas District Natural Gas Revenue (Gas Project) PUT 5.000%   8/1/2035      40      42

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Black Belt Energy Gas District Natural Gas Revenue (Project No. 5) PUT 4.000%  10/1/2049     155     156
  Black Belt Energy Gas District Natural Gas Revenue (Project No. 6) PUT 4.000%  10/1/2052     515     519
3 Black Belt Energy Gas District Natural Gas Revenue (Project No. 7), SIFMA Municipal Swap Index Yield + 0.350% 2.510%  10/1/2052   1,505   1,504
  Black Belt Energy Gas District Natural Gas Revenue PUT 4.000%   6/1/2027     915     921
  Black Belt Energy Gas District Natural Gas Revenue PUT 4.000%  10/1/2027     590     594
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.250%   6/1/2029     550     573
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.250%  10/1/2030   1,005   1,052
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.250%  12/1/2030     305     324
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.000%   7/1/2031     675     709
  Black Belt Energy Gas District Natural Gas Revenue PUT 4.000%  12/1/2031   2,055   2,064
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.000%   9/1/2032   2,840   2,942
  Black Belt Energy Gas District Natural Gas Revenue PUT 5.250%   9/1/2032   1,500   1,533
4,5 Black Belt Energy Gas District Natural Gas Revenue PUT TOB 3.320%  6/15/2028   1,000   1,000
3 Black Belt Energy Gas District Natural Gas Revenue, 67% of SOFR + 1.400% 3.845%   7/1/2052     250     251
3 Black Belt Energy Gas District Natural Gas Revenue, SIFMA Municipal Swap Index Yield + 0.650% 2.810%   4/1/2053   1,000     994
  DCH Healthcare Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/2034     125     123
6 Energy Southeast A Cooperative District Electric Power & Light Revenue 5.000%  10/1/2028     100     103
  Energy Southeast A Cooperative District Electric Power & Light Revenue 5.000%   3/1/2029     100     102
6 Energy Southeast A Cooperative District Electric Power & Light Revenue 5.000%  10/1/2030     100     104
6 Energy Southeast A Cooperative District Electric Power & Light Revenue 5.000%  10/1/2031     100     104
6 Energy Southeast A Cooperative District Electric Power & Light Revenue 5.000%  10/1/2032     145     151
  Energy Southeast A Cooperative District Electric Power & Light Revenue 5.000%   9/1/2033   1,930   1,947
6 Energy Southeast A Cooperative District Electric Power & Light Revenue 5.000%   4/1/2034     740     764
  Energy Southeast A Cooperative District Natural Gas Revenue 5.000%  11/1/2031     375     391
  Energy Southeast A Cooperative District Natural Gas Revenue 5.000%  11/1/2032     150     155
  Energy Southeast A Cooperative District Natural Gas Revenue 5.000%  11/1/2033   2,865   2,998
  Energy Southeast A Cooperative District Natural Gas Revenue PUT 5.500%   1/1/2031     355     375
  Huntsville Health Care Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   6/1/2030     815     859
  Infirmary Health System Special Care Facilities Financing Authority of Mobile Health, Hospital, Nursing Home Revenue 3.000%   2/1/2029     135     133
  Jacksonville Public Educational Building Authority Lease Revenue 4.000%   7/1/2028      50      50
  Jefferson County AL Sewer Revenue 5.000%  10/1/2030      75      80
  Lower Alabama Gas District Natural Gas Revenue 5.000%   9/1/2029      50      52
  Lower Alabama Gas District Natural Gas Revenue (Gas Project) 5.000%  12/1/2033   1,815   1,868
  Mobile Alabama Industrial Development Board Industrial Revenue PUT 3.375%  6/26/2029     100     100
  Montgomery County AL GO 5.000%   3/1/2029     380     388
  Pell City Alabama Special Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2032     500     529
  Phenix City Industrial Development Board Industrial Revenue (MeadWestvaco Coated Board Project) 3.625%  5/15/2030     200     198
  Selma Industrial Development Board Industrial Revenue PUT 3.450%  10/1/2031     375     372
  Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 1) 5.000%   4/1/2028      75      77
  Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 1) PUT 5.000%   4/1/2032     490     513
  Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 2) PUT 5.000%   5/1/2032     345     358
  Southeast Energy Authority A Cooperative District Electric Power & Light Revenue 5.000%   9/1/2035     200     212
  Southeast Energy Authority A Cooperative District Electric Power & Light Revenue PUT 5.250%   1/1/2033   2,240   2,283
  Southeast Energy Authority A Cooperative District Natural Gas Revenue 5.000%  10/1/2030   1,150   1,219
  Southeast Energy Authority A Cooperative District Natural Gas Revenue 5.250%  11/1/2031     245     259
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 1) PUT 4.000%  10/1/2028   1,280   1,292
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 2) PUT 4.000%  12/1/2031   1,065   1,059
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 3) PUT 5.500%  12/1/2029   1,020   1,078
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 4) PUT 5.000%   8/1/2028   1,075   1,104
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 5) PUT 5.250%   7/1/2029     845     879
  Southeast Energy Authority A Cooperative District Natural Gas Revenue (Project No. 6) PUT 5.000%   6/1/2030     680     712
  Southeast Energy Authority A Cooperative District Natural Gas Revenue PUT 5.000%   2/1/2031   1,260   1,329
  Southeast Energy Authority A Cooperative District Natural Gas Revenue PUT 5.000%  11/1/2032   4,000   4,178
3 Southeast Energy Authority A Cooperative District Natural Gas Revenue, 67% of SOFR + 1.790% 4.235%   5/1/2053     200     200
  Troy Hospital Health Care Authority Health, Hospital, Nursing Home Revenue 3.125%   3/1/2032      50      47
  UAB Medicine Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2031      60      61
  UAB Medicine Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2032     435     436
                                 67,172
Alaska (0.1%)
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue 2.150%   6/1/2031     100      91
  Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue 6.000%  12/1/2056     100     109
  Alaska Municipal Bond Bank Authority Miscellaneous Revenue 5.000%  12/1/2028     100     105
  Northern Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/2030     445     476
                                    781
Arizona (1.0%)
  Arizona IDA Charter School Aid Revenue 4.000%  11/1/2027     230     230
  Arizona IDA Charter School Aid Revenue 5.000%  11/1/2031     125     134

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Arizona IDA Local or Guaranteed Housing Revenue 3.625%  5/20/2033     154     153
  Arizona IDA Local or Guaranteed Housing Revenue 6.250%  10/1/2055     100     109
  Arizona IDA Local or Guaranteed Housing Revenue 6.250%  10/1/2056     245     271
  Arizona IDA Local or Guaranteed Housing Revenue (Ironwood Ranch Apartments) PUT 5.000%   9/1/2026     300     300
  Arizona IDA Local or Guaranteed Housing Revenue (The Ranches at Gunsmoke Project) PUT 5.000%  11/1/2026     150     151
  Arizona IDA Local or Guaranteed Housing Revenue PUT 2.760%   7/1/2029     100      98
  Chandler IDA Industrial Revenue (Intel Corp. Project) PUT 3.800%  6/15/2028     190     192
  Glendale IDA College & University Revenue 5.000%  5/15/2030     100     107
  Glendale IDA College & University Revenue 5.000%  5/15/2031     100     108
2 Maricopa County Elementary School District No. 8 Osborn (School Improvement Bonds Project of 2017) GO 4.000%   7/1/2033     500     502
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   1/1/2031     175     176
6 Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   1/1/2031     100     107
6 Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   1/1/2032     125     135
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/2032     945     974
6 Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   1/1/2033     100     109
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/2033     350     360
  Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/2034     185     190
  Maricopa County IDA Health, Hospital, Nursing Home Revenue PUT 5.000%  5/15/2028     400     413
  Maricopa County IDA Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/2030     150     160
  Maricopa County IDA Local or Guaranteed Housing Revenue (Marbella Ranch Phase I Project) PUT 2.810%   5/1/2029     410     404
  Maricopa County Pollution Control Corp. Electric Power & Light Revenue (Palo Verde Project) PUT 3.875%   6/1/2029     100     101
  Maricopa County Union High School District No. 210-Phoenix (Project of 2023) GO 5.000%   7/1/2029     100     106
  Phoenix Arizona IDA Local or Guaranteed Housing Revenue PUT 3.100%   2/1/2028     100     100
  Phoenix Civic Improvement Corp. Intergovernmental Agreement Revenue 5.000%   7/1/2032     150     150
  Pima County IDA Health, Hospital, Nursing Home Revenue 5.000%   4/1/2031     115     121
  Pima County IDA Local or Guaranteed Housing Revenue PUT 2.710%   4/1/2028     100      99
  Pima County Unified School District No. 1 Tucson (Project of 2023) GO 5.000%   7/1/2030     200     215
  Pima County Unified School District No. 1 Tucson GO 3.000%   7/1/2029   1,000     990
  Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue 5.000%   1/1/2031     200     202
  Salt Verde Financial Corp. Natural Gas Revenue 5.250%  12/1/2026     300     302
4 Sierra Vista IDA Charter School Aid Revenue 5.500%  6/15/2036     100      96
  Tucson AZ GO 3.000%   7/1/2027     100     100
  Tucson IDA Local or Guaranteed Housing Revenue (Lariat Village Project) PUT 3.050%  10/1/2028     115     115
  Yavapai County IDA Health, Hospital, Nursing Home Revenue 5.000%   8/1/2027     100     100
                                  8,180
Arkansas (0.3%)
  Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2031     145     152
  Arkansas Development Finance Authority Local or Guaranteed Housing Revenue 5.500%   1/1/2056     100     107
  Arkansas Development Finance Authority Local or Guaranteed Housing Revenue PUT 2.875%  5/15/2027     100     100
  Arkansas Development Finance Authority Local or Guaranteed Housing Revenue PUT 3.550%   6/1/2027     150     151
  Beaver Water District of Benton & Washington Counties Water Revenue 5.000%  4/15/2032     100     110
  Fort Smith AR Water & Sewer Water Revenue 5.000%  10/1/2031   1,430   1,474
  Fort Smith AR Water & Sewer Water Revenue 5.000%  10/1/2032     215     221
  Pulaski County AR Health, Hospital, Nursing Home Revenue 5.000%   3/1/2029     250     250
  Pulaski County AR Health, Hospital, Nursing Home Revenue 5.000%   3/1/2033      60      60
  Rogers AR Sales & Use Tax Sales Tax Revenue 4.000%  11/1/2032     160     160
  Springdale AR Water & Sewer Water Revenue 4.000%   9/1/2033      75      75
                                  2,860
California (10.5%)
2 Amador Water Agency COP 5.000%  12/1/2030     100     108
2 Amador Water Agency Water Revenue 5.000%  12/1/2030     100     108
2 Banning Unified School District GO 4.000%   8/1/2032     245     245
  Bay Area Toll Authority Highway Revenue PUT 2.000%   4/1/2028   1,100   1,079
3 Bay Area Toll Authority Highway Revenue, SIFMA Municipal Swap Index Yield + 1.250% 3.410%   4/1/2036     900     901
  California Community Choice Financing Authority Electric Power & Light Revenue 4.000%   8/1/2026     325     325
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   2/1/2031   2,530   2,650
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   2/1/2031     100     104
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%  11/1/2031     100     105
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   1/1/2032     115     117
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   2/1/2033     100     105
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%   7/1/2033     100     107
  California Community Choice Financing Authority Electric Power & Light Revenue 5.000%  12/1/2035     120     128
  California Community Choice Financing Authority Electric Power & Light Revenue 5.250%   2/1/2036     500     532
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%  12/1/2027     200     202
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) 5.000%   3/1/2031     250     260
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 4.000%  12/1/2027   1,790   1,803
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   8/1/2029     120     124
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   8/1/2029   2,285   2,368
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.250%   4/1/2030     880     919

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.500%  11/1/2030     505     544
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   3/1/2031   1,105   1,151
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   4/1/2032   1,130   1,179
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   9/1/2032     770     806
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   9/1/2032   1,385   1,476
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%  10/1/2032   1,830   1,880
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%  12/1/2032   2,350   2,398
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   8/1/2033     895     947
  California Community Choice Financing Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%  10/1/2033   1,670   1,719
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 4.000%   8/1/2028   2,430   2,451
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.500%  11/1/2028   2,965   3,072
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 4.000%   8/1/2031   3,165   3,163
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%   8/1/2032   1,865   1,901
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%  11/1/2032     205     214
  California Community Choice Financing Authority Electric Power & Light Revenue PUT 5.000%   7/1/2034   1,575   1,592
3 California Community Choice Financing Authority Electric Power & Light Revenue, SIFMA Municipal Swap Index Yield + 0.450% 2.610%   2/1/2052     150     144
  California Community Choice Financing Authority Natural Gas Revenue 5.000%  10/1/2029     115     120
  California Community Choice Financing Authority Natural Gas Revenue 5.000%  10/1/2030     150     157
  California Community Choice Financing Authority Natural Gas Revenue 5.000%  10/1/2031     165     174
  California Community Choice Financing Authority Natural Gas Revenue 5.000%  10/1/2032     155     164
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2031      80      84
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2032     160     168
  California County Tobacco Securitization Agency Tobacco Settlement Funded Revenue 5.000%   6/1/2033     100     104
  California Educational Facilities Authority College & University Revenue 5.000%  10/1/2027      80      80
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/2028      85      88
  California Educational Facilities Authority College & University Revenue 5.000%  12/1/2034     575     601
  California Educational Facilities Authority College & University Revenue PUT 5.000%   3/1/2032      55      61
  California GO 5.000%  10/1/2026     120     121
  California GO 5.000%   8/1/2027     150     154
  California GO 5.000%   3/1/2028     100     104
  California GO 3.000%   3/1/2029     150     150
  California GO 5.000%   3/1/2029     160     169
  California GO 5.000%   8/1/2029      95      97
  California GO 5.000%  10/1/2029     250     267
  California GO 5.000%   3/1/2030     100     108
  California GO 5.000%   3/1/2031     200     218
  California GO 5.000%   3/1/2032     100     111
  California GO 5.000%   8/1/2032     110     122
2 California GO 5.250%   8/1/2032      75      83
  California GO 5.000%  10/1/2032     155     169
  California GO 4.000%   9/1/2033     100     100
  California GO 4.000%   9/1/2033     100     100
  California GO 4.000%  10/1/2034   1,150   1,168
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 3.850% 11/15/2027     250     250
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/2028     300     300
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2029     315     315
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2029     125     128
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2030     100     100
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2031     160     160
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031     100     107
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   3/1/2032      40      40
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2032     195     195
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2032     100     107
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2033     125     125
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2035      50      49
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2027     455     465
  California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   9/1/2028   1,495   1,533
3 California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap Index Yield + 2.500% 4.660% 11/15/2051     250     250
  California Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%  3/20/2033     162     164
  California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 5.000%  11/1/2026     250     250
  California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.250%   7/1/2027     110     110
7 California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.250%   2/1/2028     130     130
  California Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.950%  12/1/2029     325     323
  California Infrastructure & Economic Development Bank College & University Revenue 5.000%  5/15/2031     150     165
  California Infrastructure & Economic Development Bank Miscellaneous Revenue PUT 3.000%  10/1/2026     175     175
  California Infrastructure & Economic Development Bank Recreational Revenue 3.250%   6/1/2033     105     104
  California Municipal Finance Authority College & University Revenue 5.000%   6/1/2029     325     329
  California Municipal Finance Authority College & University Revenue 5.000%  10/1/2031     235     241

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2026      50      50
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029      80      81
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2029     130     135
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2030      60      63
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2030     125     126
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/2030     100     100
4 California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2030     105     110
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2032      65      69
  California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2034     100     101
  California Municipal Finance Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2031     140     144
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.000%   8/1/2027     430     429
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.200%   8/1/2027      50      50
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.150%  10/1/2027     375     376
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 2.950%   1/1/2028     100     100
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.050%   6/1/2028     100     100
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 5.000%   7/1/2028      70      73
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.000%  10/1/2028     100     100
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 3.450%  12/1/2028     250     251
  California Municipal Finance Authority Local or Guaranteed Housing Revenue PUT 2.950%  10/1/2029     100      99
  California Municipal Finance Authority Special Tax Revenue (Bold Program) 4.875%   9/1/2033     190     196
  California Municipal Finance Authority Transit Revenue 5.000%  6/30/2032     295     314
  California Pollution Control Financing Authority Water Revenue PUT 3.700%   9/1/2028     100     101
4 California Public Finance Authority Local or Guaranteed Housing Revenue PUT 5.100%   4/1/2033     190     190
4 California School Finance Authority Charter School Aid Revenue 5.000%   8/1/2031     100     100
4 California School Finance Authority Charter School Aid Revenue (KIPP Social Projects) 5.000%   7/1/2028     100     103
  California State Public Works Board Lease (Abatement) Revenue 5.000%   5/1/2028     125     130
  California State University College & University Revenue PUT 3.150%  11/1/2032     475     470
  California State University College & University Revenue PUT 1.600%  11/1/2047     265     264
  California State University College & University Revenue PUT 3.125%  11/1/2051     125     125
  California Statewide Communities Development Authority College & University Revenue 5.000%  5/15/2029     145     147
4 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2027     350     358
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2029     300     307
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2030     215     219
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2031     300     306
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2032     450     459
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2034     515     539
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   3/1/2027     225     225
  California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/2029      60      64
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 5.000%  5/15/2030     200     200
  California Statewide Communities Development Authority Local or Guaranteed Housing Revenue 3.250%  5/15/2031      65      64
  California Statewide Communities Development Authority Special Tax Revenue 5.000%   9/1/2028     160     163
  Central Valley Energy Authority Natural Gas Revenue 5.000%   8/1/2031     100     104
  Central Valley Energy Authority Natural Gas Revenue 5.000%   8/1/2034     390     408
  Cupertino Union School District GO 3.250%   8/1/2031     105     105
  Department of Veterans Affairs Veteran's Farm & Home Purchase Program Local or Guaranteed Housing Revenue 1.900%   6/1/2031      65      59
2 Hayward Unified School District GO 4.000%   8/1/2031     200     200
  Livermore Valley CA Joint Unified School District GO 4.000%   8/1/2032     240     240
8 Long Beach Bond Finance Authority Tax Increment/Allocation Revenue 5.500%   8/1/2031     300     324
  Los Angeles CA Wastewater System Sewer Revenue 5.000%   6/1/2032      75      76
  Los Angeles County Development Authority Local or Guaranteed Housing Revenue PUT 3.750%  12/1/2026     220     220
  Los Angeles County Development Authority Local or Guaranteed Housing Revenue PUT 3.350%   9/1/2029     100     100
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2027      50      51
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028     185     192
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028     185     192
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2028     100     104
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029      60      63
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2029      60      63
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2030     295     313
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031      25      25
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031     410     426
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031     135     146
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031     285     290
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031     235     246
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031     100     108
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031     155     168
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031     180     195
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2031     105     106
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032     200     205
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032     160     166

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032     225     227
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032     205     211
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032      60      64
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032     200     218
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032     140     153
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2032     100     109
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033   1,125   1,159
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033     490     501
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033     275     285
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033     640     644
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033     645     699
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033     595     599
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2033     110     115
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034     830     848
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034     140     144
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034     735     778
  Los Angeles Department of Water & Power Electric Power & Light Revenue 5.000%   7/1/2034     100     110
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2027     100     102
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2028     300     313
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2028     100     104
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2029     150     158
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2029     100     106
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   1/1/2030     165     174
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2030   1,475   1,526
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2030     115     116
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032     165     180
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032     100     109
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032     140     141
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032      65      67
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2032     100     109
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033      75      76
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033     705     726
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2033     100     110
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034     620     638
  Los Angeles Department of Water & Power Water System Water Revenue 5.000%   7/1/2034     410     419
  Los Angeles Housing Authority Local or Guaranteed Housing Revenue 3.200%   6/1/2027     330     329
  Los Angeles Housing Authority Local or Guaranteed Housing Revenue 3.600%  12/1/2031     115     115
  Los Angeles Housing Authority Local or Guaranteed Housing Revenue PUT 3.000%   7/1/2029      50      50
  Los Angeles Municipal Improvement Corp. Lease (Abatement) Revenue 4.000%  11/1/2033     710     712
2 McFarland Unified School District GO 0.000%  11/1/2027     355     342
  Mount Diablo CA Unified School District GO 5.000%   8/1/2029     100     107
  Northern California Energy Authority Natural Gas Revenue PUT 5.000%   8/1/2030     460     481
2 Oakland Unified School District/Alameda County GO 4.000%   8/1/2033     755     758
  Ontario Public Financing Authority Lease (Abatement) Revenue 5.000%  11/1/2027     100     103
  Oro Grande Elementary School District COP 4.000%  9/15/2026     100     100
  Palomar Health GO 5.000%   8/1/2029      45      45
  Perris Joint Powers Authority Intergovernmental Agreement Revenue 4.000%   9/1/2029     225     221
  Pittsburg Unified School District GO 4.000%   8/1/2031      90      90
  Rialto CA Special Tax Revenue 5.000%   9/1/2029      80      83
  Rialto CA Special Tax Revenue 5.000%   9/1/2030     105     110
  Rialto CA Special Tax Revenue 5.000%   9/1/2031     130     136
  Riverside County Redevelopment Successor Agency Tax Increment/Allocation Revenue 0.000%  10/1/2032     255     204
  Sacramento City CA Unified School District GO 4.000%   8/1/2030     275     275
  San Diego CA Unified School District GO, ETM 0.000%   7/1/2030      55      49
  San Francisco Unified School District GO 5.000%  6/15/2030     100     108
  San Jose CA Local or Guaranteed Housing Revenue PUT 3.050%   5/1/2029     260     258
2 San Luis Obispo County Financing Authority Water Revenue 5.000%   8/1/2030     250     250
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2027      70      70
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2028      80      83
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2030     100     107
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%  11/1/2030     200     209
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%   7/1/2032     100     109
  Southern California Public Power Authority Electric Power & Light Revenue 5.000%  11/1/2033   2,655   2,780
  Southern California Public Power Authority Electric Power & Light Revenue (Clean Energy Project) PUT 5.000%   9/1/2030   1,895   1,966
  Southern California Public Power Authority Intergovernmental Agreement Revenue PUT 5.000%   7/1/2029   2,695   2,807
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.250%  11/1/2026      30      30
  Southern California Public Power Authority Natural Gas Revenue (Project No. 1) 5.000%  11/1/2028     410     422
  Tobacco Securitization Authority of Southern California Tobacco Settlement Funded Revenue 5.000%   6/1/2032     500     529
  University of California College & University Revenue 5.000%  5/15/2032     100     111
  University of California College & University Revenue 5.000%  5/15/2033     100     112

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  University of California College & University Revenue 5.000%  5/15/2033     180     201
  University of California College & University Revenue 5.000%  5/15/2033     160     179
  Upland CA COP 5.000%   1/1/2030     135     138
  Vernon CA Electric System Electric Power & Light Revenue 5.000%   4/1/2028     100     103
  Washington Township Health Care District Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030     200     210
1,9 West Contra Costa Unified School District GO 0.000%   8/1/2032     100      81
                                 87,791
Colorado (1.7%)
  Adams 12 Five Star Schools GO 4.000% 12/15/2031     160     160
  Adams County Housing Authority Local or Guaranteed Housing Revenue (Verrbena Project) 4.000%   4/1/2029     100     101
  Adams County Housing Authority Local or Guaranteed Housing Revenue PUT 2.750%  11/1/2026     100     100
  Adams County School District No. 1 GO 5.000%  12/1/2034     215     227
  Arkansas River Power Authority Electric Power & Light Revenue 5.000%  10/1/2028     110     114
  Board of Governors of Colorado State University System College & University Revenue PUT 4.375%   3/1/2029     565     573
  Board of Governors of Colorado State University System College & University Revenue PUT 4.500%   3/1/2032     320     330
  Colorado COP 5.000%   9/1/2031     150     155
  Colorado COP 4.000% 12/15/2033     500     506
  Colorado COP 5.000% 12/15/2033     345     369
  Colorado Educational & Cultural Facilities Authority College & University Revenue (University of Denver Project) 4.000%   3/1/2030     165     165
  Colorado Educational & Cultural Facilities Authority College & University Revenue (University of Denver Project) 4.000%   3/1/2031     355     356
  Colorado Educational & Cultural Facilities Authority College & University Revenue (University of Denver Project) 4.000%   3/1/2032     600     601
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2029     115     121
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2031     310     314
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2031     150     157
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2032     100     108
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2033      65      65
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2033     170     177
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2034     190     197
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2034     250     259
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Boulder Community Health Project) 5.000%  10/1/2031     145     153
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (CRAIG Hospital Project) 5.000%  12/1/2030     200     212
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (CRAIG Hospital Project) 5.000%  12/1/2031     275     293
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (CRAIG Hospital Project) 5.000%  12/1/2032     100     107
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Valley View Hospital Association Project) 5.000%  5/15/2028     150     150
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/17/2026     270     270
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2028     450     469
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2030     350     374
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2030     500     537
  Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2033     350     382
3,4 Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue, 70% of TSFR1M + 1.500% 4.052%   2/1/2046     395     395
3 Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap Index Yield + 0.550% 2.710%  5/15/2061     350     350
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue 3.250%  10/1/2028     100     100
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue 6.000%  11/1/2055     100     109
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue 6.250%  11/1/2055     245     268
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue 6.500%  11/1/2055     645     720
6 Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue 6.250%   5/1/2057     120     133
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue (Albion Apartments Project) PUT 3.375%   7/1/2028     100     100
  Colorado Housing & Finance Authority Local or Guaranteed Housing Revenue (Creekside Flats Project) PUT 3.000%  11/1/2029     100      98
2 Colorado Science & Technology Park Metropolitan District No. 1 Intergovernmental Agreement Revenue 5.000%  12/1/2033     420     448
  Colorado Springs CO Local or Guaranteed Housing Revenue PUT 3.150%  12/1/2029     250     247
  Denver City & County Housing Authority Local or Guaranteed Housing Revenue (4965 Washington Street Project) 5.000%   6/1/2029     100     103
  Denver CO City & County Airport System Port, Airport & Marina Revenue 4.000% 11/15/2031     140     140
  Denver CO City & County GO 5.000%   8/1/2028      65      68
  Denver Convention Center Hotel Authority Economic Development Revenue 5.000%  12/1/2026      50      50
  Denver Convention Center Hotel Authority Economic Development Revenue 5.000%  12/1/2028     165     166
  Denver Health & Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/2028      70      70
  Denver Health & Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2030     450     469
  Denver Health & Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2032     175     181
9 E-470 Public Highway Authority Highway Revenue 0.000%   9/1/2030     100      88
3 E-470 Public Highway Authority Highway Revenue, 67% of SOFR + 0.700% 3.145%   9/1/2039     105     105
  Eagle County Housing & Development Authority Local or Guaranteed Housing Revenue (Eagle Villas Project) PUT 3.550%  12/1/2027     100     100

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Fort Collins Housing Authority Local or Guaranteed Housing Revenue (Village Eastbrook Apartments Project) 3.450%   5/1/2030     100      98
  Fort Collins-Loveland Water District Water Revenue 5.000%  12/1/2028     100     105
1 Fort Morgan CO Wastewater Sewer Revenue 5.000%  12/1/2032     135     146
  Larimer County CO (Ranch Project) COP 5.000%  12/1/2032     100     110
  Northglenn Urban Renewal Authority Tax Increment/Allocation Revenue 4.000%  12/1/2028     235     238
2 Park Creek Metropolitan District Tax Increment/Allocation Revenue 5.000%  12/1/2029     100     106
  Prairie Point Community Authority Board Special Improvement District No.1 Special Assessment Revenue 5.000%  12/1/2035     100     100
  Public Authority for Colorado Energy Natural Gas Revenue 6.250% 11/15/2028     800     829
                                 14,342
Connecticut (0.8%)
  Aquarion Water Authority Water Revenue 5.250%   2/1/2029     110     116
  Aquarion Water Authority Water Revenue 5.000%   8/1/2029     100     106
  Aquarion Water Authority Water Revenue 5.250%   2/1/2030     100     107
  Aquarion Water Authority Water Revenue 5.000%   8/1/2030     100     107
  Aquarion Water Authority Water Revenue 5.250%   2/1/2031     215     234
  Aquarion Water Authority Water Revenue 5.000%   8/1/2031     100     108
  Aquarion Water Authority Water Revenue 5.000%   8/1/2031     100     107
  Aquarion Water Authority Water Revenue 5.000%   8/1/2032     100     109
  Aquarion Water Authority Water Revenue 5.000%   8/1/2032     100     108
  Aquarion Water Authority Water Revenue 5.000%   8/1/2033     100     110
  Aquarion Water Authority Water Revenue 5.000%   8/1/2034     100     111
  Aquarion Water Authority Water Revenue 5.000%   8/1/2034     100     110
  Connecticut GO 5.000%  1/15/2028     110     114
  Connecticut GO 5.000%  3/15/2029     100     106
  Connecticut GO 5.000%  3/15/2031     100     108
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue 3.950%  5/15/2032     125     125
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue (Housing Mortgage Finance Program) 3.500% 11/15/2045     145     144
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.850%  5/15/2027     160     160
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.100% 11/15/2028     100     100
  Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.750%  5/15/2029     100      98
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/2027     250     253
  Connecticut State Health & Educational Facilities Authority College & University Revenue 3.250%  11/1/2027     100     100
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/2028     500     509
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/2029     510     517
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/2032     100     101
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/2032     145     146
  Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000%   7/1/2033     140     141
  Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 2.950%   7/1/2027     150     150
  Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 5.000%   2/1/2028      25      26
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2026     330     331
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/2027     245     247
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027      75      75
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029     280     290
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/2030     240     243
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031     325     344
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031     255     275
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.400% 12/15/2031     100     100
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032      75      77
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.600% 12/15/2032     100     100
  Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2033      70      72
  Stamford Housing Authority Health, Hospital, Nursing Home Revenue (Mozaic Concierge Living Project) 4.250%  10/1/2030     100     101
  Stamford Housing Authority Health, Hospital, Nursing Home Revenue (Mozaic Concierge Living Project) 4.750%  10/1/2032     190     194
                                  6,780
Delaware (0.1%)
2 Delaware State Economic Development Authority College & University Revenue 5.000%  10/1/2033     100     101
  Delaware State Economic Development Authority Electric Power & Light Revenue 3.600%   1/1/2031     100     102
  Delaware State Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2032     300     306
  Delaware State Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2033     200     210
  Delaware State Housing Authority Local or Guaranteed Housing Revenue 6.000%   1/1/2056     140     152
6 Delaware State Housing Authority Local or Guaranteed Housing Revenue 5.750%   1/1/2057     250     271
                                  1,142
District of Columbia (0.5%)
  District of Columbia College & University Revenue 5.000%   4/1/2028      85      86
  District of Columbia College & University Revenue 5.000%   4/1/2031      55      59
  District of Columbia College & University Revenue 5.000%   4/1/2031     720     728
  District of Columbia College & University Revenue 5.000%  10/1/2031     180     183
  District of Columbia College & University Revenue 5.000%   4/1/2032     405     409
  District of Columbia Health, Hospital, Nursing Home Revenue 5.000%  7/15/2027      80      80

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  District of Columbia Health, Hospital, Nursing Home Revenue 5.000%  7/15/2029      80      80
  District of Columbia Health, Hospital, Nursing Home Revenue 5.000%  7/15/2033     105     105
  District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue (Hillsdale Flats Phase I Project) PUT 3.150%   2/1/2029     230     230
  District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue (Paxton Project) PUT 3.200%  12/1/2026     100     100
7 District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.000%   9/1/2026     335     335
  District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue PUT 5.000%  12/1/2027     125     128
  District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue PUT 5.000%   2/1/2028     100     103
7 District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue PUT 4.400%   9/1/2028     210     214
  District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.150%  11/1/2028     385     384
7 District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   9/1/2030     375     375
7 District of Columbia Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.125%   3/1/2031     100      98
  District of Columbia Water & Sewer Authority Water Revenue PUT 3.000%  10/1/2027     275     274
2 Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 0.000%  10/1/2031     200     167
  Metropolitan Washington Airports Authority Dulles Toll Road Highway Revenue 5.000%  10/1/2033     350     364
                                  4,502
Florida (4.8%)
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2027      85      87
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 3.625%  10/1/2030     100     100
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 3.750%  10/1/2030     100     100
  Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2034     150     156
  Alachua County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.300%   6/1/2027      75      75
  Brevard County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2031     105     112
  Brevard County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031     285     305
  Broward County FL School District COP 5.000%   7/1/2027      75      76
  Broward County FL School District COP 5.000%   7/1/2030      50      53
  Broward County FL School District COP 5.000%   7/1/2031     205     218
  Broward County FL School District COP 5.000%   7/1/2031     125     127
  Broward County FL School District COP 5.000%   7/1/2032   1,050   1,113
  Broward County FL School District COP 5.000%   7/1/2033   1,135   1,201
  Broward County FL School District COP 5.000%   7/1/2034     210     213
  Broward County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.150%   3/1/2027     400     400
  Cape Coral FL Water & Sewer Special Assessment Revenue 2.850%   3/1/2027     100     100
  Cape Coral FL Water & Sewer Special Assessment Revenue 3.000%   3/1/2028     100     100
  Cape Coral FL Water & Sewer Special Assessment Revenue 3.100%   3/1/2029     100     100
  Cape Coral FL Water & Sewer Special Assessment Revenue 3.250%   3/1/2030     100      99
2 Cape Coral FL Water & Sewer Special Assessment Revenue 3.250%   3/1/2031     100      99
2 Cape Coral FL Water & Sewer Special Assessment Revenue 3.350%   3/1/2032     100      98
2 Cape Coral FL Water & Sewer Special Assessment Revenue 3.450%   3/1/2033     770     758
  Capital FL Projects Finance Authority College & University Revenue (Florida University Project) 5.000%  10/1/2030     380     396
4 Capital Trust Agency Inc. Charter School Aid Revenue (Franklin Academy Project) 5.000% 12/15/2026     100     100
  Capital Trust Authority Health, Hospital, Nursing Home Revenue (UF Health Projects) 5.000%  12/1/2032     270     292
4 Capital Trust Authority Miscellaneous Revenue 4.500%  6/15/2033     100     100
  Central Florida Expressway Authority Highway Revenue 4.000%   7/1/2030      65      65
  Central Florida Expressway Authority Highway Revenue 4.000%   7/1/2031     160     160
  Collier County IDA Health, Hospital, Nursing Home Revenue (NHC Healthcare System Project) PUT 5.000%  10/1/2031     400     421
  Delray Beach FL Water & Sewer Water Revenue 5.000%  10/1/2032     250     275
  Duval County Public Schools COP 4.000%   7/1/2034     265     265
  Florida Atlantic University Finance Corp. Local or Guaranteed Housing Revenue 5.000%   7/1/2031     120     126
  Florida Department of Transportation Turnpike System Highway Revenue 5.000%   7/1/2028      50      52
4 Florida Development Finance Corp. Charter School Aid Revenue (Imagine School at Broward Project) 4.000% 12/15/2029      90      90
4 Florida Development Finance Corp. Charter School Aid Revenue (Imagine School at Broward Project) 5.000% 12/15/2034      80      81
  Florida Development Finance Corp. College & University Revenue (Nova Southeastern University Project) 5.000%   4/1/2028     140     144
4 Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   6/1/2031     250     260
  Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue (Tampa General Hospital Project) PUT 5.000%  10/1/2031   1,420   1,521
  Florida Development Finance Corp. Health, Hospital, Nursing Home Revenue (Tampa General Hospital Project) PUT 5.000%  10/1/2031     690     739
  Florida GO 3.000%   6/1/2028     200     200
  Florida Gulf Coast University Financing Corp. College & University Revenue (Housing Project) 5.000%   8/1/2029     400     411
  Florida Gulf Coast University Financing Corp. College & University Revenue (Housing Project) 5.000%   8/1/2032     445     456
  Florida Higher Educational Facilities Financing Authority College & University Revenue 5.000%  10/1/2032      70      72
  Florida Higher Educational Facilities Financing Authority College & University Revenue 5.000%  10/1/2033     800     818
  Florida Higher Educational Facilities Financing Authority College & University Revenue (Nova Southeastern University Project) 5.000%   4/1/2027     175     175
  Florida Higher Educational Facilities Financing Authority College & University Revenue (Ringling College Project) 5.000%   3/1/2032     760     762
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue 6.250%   1/1/2055     450     485
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue 6.250%   7/1/2056     285     312
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue 6.250%   7/1/2056     235     258

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue 6.000%   1/1/2057     100     110
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.100%   1/1/2028     100     100
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.000%   5/1/2028     155     154
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.200%   7/1/2028     465     465
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.000%   9/1/2028     180     179
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 2.850%  10/1/2028     295     292
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.150%  12/1/2028     100     100
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.200%  12/1/2028     100     100
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.150%   1/1/2029     100     100
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.150%   1/1/2029     100     100
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 2.800%   3/1/2029     100      99
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.000%   8/1/2029     100      99
  Florida Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.100%   6/1/2030     190     187
4 Florida Local Government Finance Commission Health, Hospital, Nursing Home Revenue (Fleet Landing At Nocatee Project) 4.200% 11/15/2030     100     100
4 Florida Local Government Finance Commission Health, Hospital, Nursing Home Revenue (Fleet Landing At Nocatee Project) 4.450% 11/15/2031     100     100
2 Florida Municipal Loan Council Water Revenue 5.000%  10/1/2028     205     214
  Florida Municipal Power Agency Electric Power & Light Revenue 4.000%  10/1/2030   3,150   3,179
  Fort Myers FL Appropriations Revenue 4.000%  12/1/2029     170     170
4 Gas Worx Community Development District Special Assessment Revenue 4.625%   5/1/2030     100     101
  Halifax Hospital Medical Center Health, Hospital, Nursing Home Revenue 5.000%   6/1/2028     215     215
  Halifax Hospital Medical Center Health, Hospital, Nursing Home Revenue 5.000%   6/1/2029     195     195
2 Hernando County School District COP 5.000%   7/1/2030     145     145
  Highlands County Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2031     270     290
  Hillsborough County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.250%   9/1/2027     215     215
  Hillsborough County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.125%  12/1/2027     100     100
  Hillsborough County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.450%   7/1/2028     100     100
  Hillsborough County IDA Health, Hospital, Nursing Home Revenue (Tampa General Hospital Project) 5.000%   8/1/2026     100     100
  Hillsborough County School Board (Master Lease Program) COP 5.000%   7/1/2028     150     153
  Hillsborough County School Board (Master Lease Program) COP 3.500%   7/1/2031     125     123
  Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000%  8/15/2031      55      56
  Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000%  8/15/2032     310     314
  Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000%  8/15/2033     555     579
  Jacksonville Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.400%   7/1/2028     100     100
  Jacksonville Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2029     100      99
  Lakeland FL Appropriations Revenue 5.000%  10/1/2030     150     161
  Lakeland FL Health, Hospital, Nursing Home Revenue 3.000% 11/15/2032     205     192
  Lee County FL IDA Health, Hospital, Nursing Home Revenue 5.000%   4/1/2028     125     129
  Lee County FL IDA Health, Hospital, Nursing Home Revenue 5.000%   4/1/2033      80      83
  Lee County FL IDA Health, Hospital, Nursing Home Revenue (Lee Health System Inc. Project) PUT 5.000%   4/1/2033   1,190   1,280
  Lee County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 4.000%  11/1/2027     100     100
  Lee County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.500%  12/1/2027     115     115
  Lee County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.650%   9/1/2029     100      98
  Lee County School Board COP 5.000%   8/1/2029     115     122
2 Marion County School Board COP 5.000%   6/1/2031     320     345
2,4 Miami FL Special Obligation Revenue (Street & Sidewalk Improvement Project) 5.000%   1/1/2027      50      50
  Miami-Dade County Educational Facilities Authority College & University Revenue 5.000%   4/1/2033     100     110
8 Miami-Dade County Educational Facilities Authority College & University Revenue 5.250%   4/1/2033     165     182
  Miami-Dade County Expressway Authority Highway Revenue 5.000%   7/1/2028     150     150
  Miami-Dade County FL (Building Better Communities Program) GO 5.000%   7/1/2032     115     115
  Miami-Dade County FL Aviation Port, Airport & Marina Revenue 5.000%  10/1/2028     115     115
  Miami-Dade County FL Aviation Port, Airport & Marina Revenue 5.000%  10/1/2030      50      50
  Miami-Dade County FL Aviation Port, Airport & Marina Revenue 5.000%  10/1/2032      50      50
  Miami-Dade County FL Aviation Port, Airport & Marina Revenue 4.000%  10/1/2034     275     277
  Miami-Dade County FL GO 5.000%   7/1/2027     150     151
  Miami-Dade County FL GO 5.000%   7/1/2034     100     101
  Miami-Dade County FL Transit System Sales Tax Revenue 4.000%   7/1/2032     140     140
  Miami-Dade County FL Transit System Sales Tax Revenue 4.000%   7/1/2034     255     255
  Miami-Dade County Housing Finance Authority Local or Guaranteed Housing Revenue (Rainbow Village Project) PUT 3.550%   3/1/2028     225     227
  Miami-Dade County Housing Finance Authority Local or Guaranteed Housing Revenue (Yaeger Plaza Project) PUT 3.150%   8/1/2028     205     205
  Miami-Dade County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.650%   4/1/2028     100      99
  Miami-Dade County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.950%   9/1/2028     200     198
  Miami-Dade County IDA Charter School Aid Revenue (Mater Academy Projects) 4.000%  6/15/2031     100     100
  Miami-Dade County IDA Local or Guaranteed Housing Revenue 5.000%   6/1/2030     150     150
4 Miami-Dade County IDA Local or Guaranteed Housing Revenue 5.375%   7/1/2033     255     256
4 Miami-Dade County IDA Local or Guaranteed Housing Revenue 5.375%   7/1/2034     390     391
4 Miami-Dade County IDA Local or Guaranteed Housing Revenue PUT 5.375%   7/1/2036     325     335

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Miami-Dade County IDA Resource Recovery Revenue 3.350%   9/1/2027     100     100
  Miami-Dade County School Board COP 4.000%   8/1/2029      50      50
  North Broward Hospital District Health, Hospital, Nursing Home Revenue 5.000%   1/1/2029     805     826
  North Miami Community Redevelopment Agency Economic Development Revenue 5.000%   3/1/2028     130     133
4 Okaloosa County FL Local or Guaranteed Housing Revenue (Air Force Enlisted Village Inc. Project) 4.375%  5/15/2035     100     100
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2030     160     168
  Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2033      85      85
  Orlando Utilities Commission Electric Power & Light Revenue PUT 1.250%  10/1/2028     100      94
  Osceola County FL Transportation Highway Revenue 5.000%  10/1/2029     300     311
  Osceola County FL Transportation Highway Revenue 5.000%  10/1/2034     250     256
  Osceola County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.750%   4/1/2028     100      99
  Osceola County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.650%   9/1/2028     100      99
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue (Jupiter Medical Center Project) 5.000%  11/1/2029     155     162
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue (Jupiter Medical Center Project) 5.000%  11/1/2030     140     148
  Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue (Jupiter Medical Center Project) 5.000%  11/1/2033     105     111
  Palm Beach County Housing Finance Authority Local or Guaranteed Housing Revenue 2.800%   2/1/2027     140     140
  Palm Beach County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.900%   2/1/2029     100      99
  Palm Beach County School District COP 5.000%   8/1/2033     275     293
  Palm Beach County School District COP 5.000%   8/1/2034     190     202
  Palmetto FL Charter School Aid Revenue 5.000%   6/1/2032     250     258
1 Pasco County School Board COP 5.000%   8/1/2030     195     195
  Pinellas County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.750%   4/1/2028     145     146
  Pinellas County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.950%  10/1/2028     150     149
  Pinellas County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.200%   2/1/2029     120     120
  Pinellas County School Board (Master Lease Program) COP 5.000%   7/1/2033   1,035   1,050
  Polk County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 3.150%  12/1/2027     100     100
  Polk County Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.900%   7/1/2028     100      99
  Polk County School District Sales Tax Revenue 5.000%  10/1/2033     225     236
  Santa Rosa County School Board COP 5.000%   2/1/2030      95     101
  Sarasota County Health Facilities Authority Health, Hospital, Nursing Home Revenue (Village of Isle Project) 5.000%   1/1/2032     125     125
  South Broward Hospital District Health, Hospital, Nursing Home Revenue 4.000%   5/1/2033     305     305
  South Miami Health Facilities Authority Inc. Health, Hospital, Nursing Home Revenue 5.000%  8/15/2032     230     234
  South Miami Health Facilities Authority Inc. Health, Hospital, Nursing Home Revenue 4.000%  8/15/2033     195     195
  South Miami Health Facilities Authority Inc. Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2030     200     212
2 Southeast Overtown Park West Community Redevelopment Agency Tax Increment/Allocation Revenue 5.000%   3/1/2027     180     182
2 Southeast Overtown Park West Community Redevelopment Agency Tax Increment/Allocation Revenue 5.000%   3/1/2030     435     460
  St. Johns County School Board COP 5.000%   7/1/2034     390     409
  Tallahassee FL Health, Hospital, Nursing Home Revenue 5.000%  12/1/2026     110     110
  Tampa FL College & University Revenue (Tampa University Project) 5.000%   4/1/2034     305     321
  Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000%   7/1/2030      75      79
  Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000%   7/1/2031     100     105
  Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000%   7/1/2033     125     131
  Tampa FL Tobacco & Liquor Taxes Revenue (H. Lee Moffitt Cancer Center Project) 5.000%   9/1/2026     200     200
  Tampa-Hillsborough County Expressway Authority Highway Revenue 5.000%   7/1/2029     205     213
  UCF Convocation Corp. College & University Revenue 5.000%  10/1/2030     170     182
  UCF Convocation Corp. College & University Revenue 5.000%  10/1/2031     175     189
  USF Financing Corp. Lease Revenue (Student Housing Project) 5.000%   7/1/2028     100     104
  USF Financing Corp. Lease Revenue (Student Housing Project) 5.000%   7/1/2030     100     107
4 Village Community Development District No. 15 Special Assessment Revenue 3.750%   5/1/2029      75      75
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.000%   6/1/2029     165     170
  Volusia County Educational Facility Authority College & University Revenue (Stetson University Inc. Project) 5.000%   6/1/2030     225     234
  Woodlands Section 9 Community Development District Special Assessment Revenue 4.250%   5/1/2031     100      98
  Woodlands Section 9 Community Development District Special Assessment Revenue 4.500%   5/1/2036     100      94
                                 40,255
Georgia (3.3%)
  Athens Housing Authority Local or Guaranteed Housing Revenue PUT 3.230%   6/1/2029     100     100
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 3.450%   2/1/2028     100     100
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 2.900%   3/1/2028     300     298
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 2.920%   5/1/2028     100     100
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 2.920%   5/1/2028      75      75
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 2.970%  12/1/2028     375     371
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 3.150%  12/1/2028     500     499
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 3.300%   1/1/2029     320     321
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 3.200%   2/1/2029     100     100
  Atlanta Urban Residential Finance Authority Local or Guaranteed Housing Revenue PUT 4.700%   8/1/2044     100     100
  Augusta GA Water & Sewer Water Revenue 5.000%  10/1/2032     305     327

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Bartow County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Bowen Project) PUT 3.950%   3/8/2028     355     360
  Burke County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Vogtle Project) PUT 3.375%  3/12/2027     305     306
  Burke County Development Authority Electric Power & Light Revenue (Georgia Power Co. Plant Vogtle Project) PUT 3.300%  8/21/2029     125     125
  Burke County Development Authority Electric Power & Light Revenue PUT 3.350%  3/27/2030      85      85
  Clarke County Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031      65      65
  Cobb County Development Authority Local or Guaranteed Housing Revenue 5.000%  6/15/2027     100     101
  Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 4.000%   4/1/2032     105     107
  Cobb-Marietta Coliseum & Exhibit Hall Authority Hotel Occupancy Tax Revenue (Cobb Galleria Centre Project) 5.000%  10/1/2032     100     111
  College Park Housing Authority Local or Guaranteed Housing Revenue (Brad Blue Sky Apartments LLC Project) PUT 3.450%   4/1/2028     155     156
  Columbus Medical Center Hospital Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/2029     360     376
  Dalton Board of Water Light & Sinking Fund Commissioners Multiple Utility Revenue 5.000%   3/1/2032     400     404
  Dalton Board of Water Light & Sinking Fund Commissioners Multiple Utility Revenue 4.000%   3/1/2034     100     100
  Decatur Housing Authority Local or Guaranteed Housing Revenue (Calvin Court Project) PUT 3.600%   8/1/2027     100     100
  Decatur Housing Authority Local or Guaranteed Housing Revenue (Philips Tower Project) PUT 3.250%   9/1/2027     450     450
  DeKalb County Housing Authority Local or Guaranteed Housing Revenue 4.000%  12/1/2035     100      98
  DeKalb County Housing Authority Local or Guaranteed Housing Revenue (Park at 500 Project) 4.000%   3/1/2034     320     314
  DeKalb County Housing Authority Local or Guaranteed Housing Revenue PUT 2.950%   8/1/2028     100     100
  DeKalb County Housing Authority Local or Guaranteed Housing Revenue PUT 3.200%   2/1/2029     100     100
  Downtown Savannah Authority Intergovernmental Agreement Revenue 3.000%   8/1/2028     100     100
2 East Point Building Authority Lease (Non-Terminable) Revenue (Water & Sewer Project) 4.000%   2/1/2032     250     250
  Fulton County Development Authority College & University Revenue 5.000%   6/1/2033     100     109
  Georgia Higher Education Facilities Authority College & University Revenue 5.000%  6/15/2034     615     639
  Georgia Housing & Finance Authority Local or Guaranteed Housing Revenue 6.500%  12/1/2055     220     243
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/2033     300     309
  Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000%   1/1/2033     425     444
  Griffin Housing Authority Local or Guaranteed Housing Revenue PUT 5.000%  11/1/2027     150     153
  Lawrenceville Housing Authority Local or Guaranteed Housing Revenue (Applewood Towers Project) PUT 5.000%  10/1/2027      50      51
  Macon-Bibb County Housing Authority Local or Guaranteed Housing Revenue (CAHEC GA Portfolio Ii Project) PUT 3.150%   2/1/2028     100     100
  Main Street Energy Inc. Natural Gas Revenue (Energy Project) 5.000%  10/1/2033   1,655   1,733
  Main Street Energy Inc. Natural Gas Revenue (Energy Project) 5.000%  12/1/2033     750     779
  Main Street Natural Gas Inc. Natural Gas Revenue 5.500%  9/15/2026     120     120
  Main Street Natural Gas Inc. Natural Gas Revenue 5.500%  9/15/2027     230     236
  Main Street Natural Gas Inc. Natural Gas Revenue 5.000%  12/1/2029     150     155
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000%   9/1/2026   1,480   1,481
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000%   9/1/2027   2,125   2,144
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000%  12/1/2028   1,375   1,382
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   6/1/2029     900     927
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000%  12/1/2029   1,100   1,104
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   3/1/2030   1,305   1,365
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   6/1/2030   1,755   1,815
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   9/1/2030     820     861
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%  12/1/2030     480     500
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   4/1/2031     700     735
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   6/1/2031     325     342
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%  12/1/2031   1,370   1,424
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   3/1/2032     110     117
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%   6/1/2032     150     159
  Main Street Natural Gas Inc. Natural Gas Revenue PUT 5.000%  12/1/2032     545     568
  Main Street Natural Gas Inc. Natural Gas Revenue, ETM 5.000%   9/1/2026     170     170
  Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue 5.000%   7/1/2031     100     109
  Monroe County Development Authority Electric Power & Light Revenue (Oglethorpe Power Corp. Scherer Project) PUT 3.600%   2/1/2030     125     126
  Private Colleges & Universities Authority College & University Revenue 5.000%   9/1/2029     100     106
  Private Colleges & Universities Authority College & University Revenue 5.000%   9/1/2032     100     110
  Private Colleges & Universities Authority College & University Revenue (Mercer University Project) 5.000%  10/1/2029     200     210
  Savannah Economic Development Authority Industrial Revenue PUT 3.450%  10/1/2031     135     134
  Savannah Housing Authority Local or Guaranteed Housing Revenue (Montgomery Landing Project) PUT 3.150%   7/1/2028     100     100
  Warner Robins Housing Authority Resident Council Corp. Local or Guaranteed Housing Revenue (Arbours at Wellston Project) PUT 5.000%   2/1/2028      50      51
                                 27,310
Guam (0.3%)
4 Guam Education Financing Foundation COP 5.000%  10/1/2026     100     100
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2028      70      72
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2029     100     104
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2030      80      84

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2030     225     237
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2031     100     106
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2032     100     107
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2032     100     107
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2033     350     376
  Guam Government Waterworks Authority Water Revenue 5.000%   7/1/2034     145     156
  Guam Hotel Occupancy Tax Revenue 5.000%  11/1/2030     125     132
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2028     100     102
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2029      80      83
  Guam Miscellaneous Taxes Revenue 5.000%   1/1/2031     125     132
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2033      70      74
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2034     245     258
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2036     450     454
                                  2,684
Hawaii (0.2%)
  Hawaii County HI GO 5.000%   9/1/2028     100     105
  Hawaii County HI GO 4.000%   9/1/2031     160     161
  Hawaii GO 5.000%   1/1/2027      50      50
  Hawaii GO 4.000%  10/1/2027     150     150
  Hawaii GO 5.000%  10/1/2031      80      80
  Hawaii GO 4.000%  10/1/2033     340     340
  Honolulu County HI Wastewater System Sewer Revenue 4.000%   7/1/2034     280     280
  Honolulu HI City & County GO 5.000%  11/1/2027     100     103
  Honolulu HI City & County Local or Guaranteed Housing Revenue PUT 5.000%   4/1/2028     100     103
  Maui County HI GO 3.000%   6/1/2028     150     149
                                  1,521
Idaho (0.2%)
  Idaho Health Facilities Authority Health, Hospital, Nursing Home Revenue (St. Luke's Health System Project) PUT 5.000%   3/1/2032   1,130   1,210
  Idaho Housing & Finance Association Local or Guaranteed Housing Revenue 6.250%   1/1/2056     100     111
  Idaho Housing & Finance Association Local or Guaranteed Housing Revenue 6.000%   1/1/2057     100     111
  Idaho Housing & Finance Association Local or Guaranteed Housing Revenue PUT 3.350%   2/1/2029     100     100
                                  1,532
Illinois (7.1%)
2 Adams County School District No. 172 GO 5.000%   2/1/2029     140     146
  Central Lake County Joint Action Water Agency Water Revenue 4.000%   5/1/2029     165     165
  Chicago Board of Education Dedicated Capital Improvement Tax Ad Valorem Property Tax Revenue 5.250%   4/1/2033     200     216
  Chicago Board of Education Dedicated Capital Improvement Tax Ad Valorem Property Tax Revenue 5.750%   4/1/2033     250     253
  Chicago Board of Education Dedicated Capital Improvement Tax Ad Valorem Property Tax Revenue 5.750%   4/1/2034     250     253
9 Chicago Board of Education GO 5.500%  12/1/2026     125     126
2,10 Chicago Board of Education GO 5.500%  12/1/2026      90      91
9 Chicago Board of Education GO 0.000%  12/1/2027     300     286
  Chicago Board of Education GO 4.000%  12/1/2027     200     199
  Chicago Board of Education GO 5.250%  12/1/2027     100     101
9 Chicago Board of Education GO 0.000%  12/1/2028     145     133
9 Chicago Board of Education GO 0.000%  12/1/2029     455     400
9 Chicago Board of Education GO 0.000%  12/1/2029      50      44
2,10 Chicago Board of Education GO 0.000%  12/1/2029     400     355
  Chicago Board of Education GO 5.000%  12/1/2029     245     249
  Chicago Board of Education GO 5.250%  12/1/2029     100     102
9 Chicago Board of Education GO 0.000%  12/1/2030     205     173
9 Chicago Board of Education GO 0.000%  12/1/2030      50      42
  Chicago Board of Education GO 5.000%  12/1/2030     180     182
  Chicago Board of Education GO 5.000%  12/1/2030     250     251
9 Chicago Board of Education GO 0.000%  12/1/2031     350     281
9 Chicago Board of Education GO 0.000%  12/1/2031     450     362
  Chicago Board of Education GO 5.000%  12/1/2031     150     152
  Chicago Board of Education GO 5.000%  12/1/2031     200     202
  Chicago Board of Education GO 5.250%  12/1/2031     100     103
2,8 Chicago Board of Education GO 5.500%  12/1/2031     115     126
2 Chicago Board of Education GO 5.000%  12/1/2032     200     206
  Chicago Board of Education GO 5.500%  12/1/2032     100     105
  Chicago Board of Education GO 5.000%  12/1/2033     445     448
  Chicago Board of Education GO 5.000%  12/1/2034     125     125
  Chicago Housing Authority Local or Guaranteed Housing Revenue 5.000%   1/1/2029     320     328
  Chicago Housing Authority Local or Guaranteed Housing Revenue 5.000%   1/1/2031     540     551
  Chicago Housing Authority Local or Guaranteed Housing Revenue 5.000%   1/1/2032     785     799
  Chicago IL GO 5.000%   1/1/2027      80      80
  Chicago IL GO 5.000%   1/1/2028     200     203

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Chicago IL GO 5.000%   1/1/2028     205     208
  Chicago IL GO 5.000%   1/1/2029     100     102
  Chicago IL GO 0.000%   1/1/2030      85      74
  Chicago IL GO 5.625%   1/1/2030      50      50
  Chicago IL GO 0.000%   1/1/2031     100      84
  Chicago IL GO 4.000%   1/1/2031     150     148
  Chicago IL GO 5.000%   1/1/2031     295     302
  Chicago IL GO 0.000%   1/1/2032     145     116
  Chicago IL GO 4.000%   1/1/2032     250     244
  Chicago IL GO 5.000%   1/1/2032     125     128
9 Chicago IL GO 0.000%   1/1/2033      50      38
  Chicago IL GO 4.000%   1/1/2033     115     111
  Chicago IL GO 5.000%   1/1/2033     105     108
  Chicago IL GO 5.000%   1/1/2034     195     200
  Chicago IL GO 5.000%   1/1/2035     300     305
9 Chicago IL GO, ETM 0.000%   1/1/2027     120     119
  Chicago IL GO, ETM 5.000%   1/1/2028      95      98
  Chicago IL Local or Guaranteed Housing Revenue (The AVE SW Project) PUT 3.200%  10/1/2027     230     230
  Chicago IL Local or Guaranteed Housing Revenue (United Yards 1A Project) PUT 3.500%   8/1/2026     190     190
9 Chicago IL Wastewater Transmission Sewer Revenue 0.000%   1/1/2027     150     148
  Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/2028     340     343
1 Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/2029      95     100
2 Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/2029     100     101
  Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/2032     250     252
  Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/2033     100     101
  Chicago IL Wastewater Transmission Sewer Revenue 5.000%   1/1/2034     165     166
  Chicago IL Waterworks Water Revenue 5.000%  11/1/2026     115     116
2 Chicago IL Waterworks Water Revenue 5.000%  11/1/2028      45      46
  Chicago IL Waterworks Water Revenue 5.000%  11/1/2029     225     226
2 Chicago IL Waterworks Water Revenue 5.000%  11/1/2029     200     205
6 Chicago IL Waterworks Water Revenue 5.000%  11/1/2029     240     254
  Chicago IL Waterworks Water Revenue 5.000%  11/1/2030     110     111
6 Chicago IL Waterworks Water Revenue 5.000%  11/1/2030     175     187
  Chicago IL Waterworks Water Revenue 5.000%  11/1/2032     215     233
2 Chicago IL Waterworks Water Revenue 5.250%  11/1/2034     330     337
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/2029      70      71
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 4.000%   1/1/2033     155     155
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/2033     245     269
  Chicago O'Hare International Airport Port, Airport & Marina Revenue 5.000%   1/1/2034     160     161
  Chicago Park District GO 5.000%   1/1/2029     100     105
  Chicago Park District GO 5.000%   1/1/2030     100     106
  Chicago Transit Authority Capital Grant Receipts Government Fund/Grant Revenue 5.000%   6/1/2029     465     487
  Chicago Transit Authority Sales Tax Receipts Fund Sales Tax Revenue 5.000%  12/1/2030     100     107
1 Cook & Will Counties Community College District No. 515 GO 4.000%  12/1/2033     540     545
1 Cook County Community College District No. 508 GO 5.000%  12/1/2029      75      79
1 Cook County Community College District No. 508 GO 5.000%  12/1/2030     470     501
1 Cook County Community College District No. 508 GO 5.000%  12/1/2031     135     145
  Cook County Community High School District No. 217 Argo GO 5.000%  12/1/2031     100     108
  Cook County IL GO 5.000% 11/15/2032     575     614
  Cook County IL Sales Tax Revenue 5.000% 11/15/2032     230     235
  Cook County IL Sales Tax Revenue 5.000% 11/15/2033     220     224
  Cook County IL Sales Tax Revenue 4.000% 11/15/2034     590     591
  Cook County IL Sales Tax Revenue 5.000% 11/15/2035     305     311
2 Cook County School District No. 111 Burbank GO 4.000%  12/1/2031     500     501
1 Cook County School District No. 111 Burbank GO 5.000%  12/1/2034     110     112
  Cook County School District No. 30 Northbrook-Glenview GO 3.000%  12/1/2030     100      99
  Cook County School District No. 63 East Maine GO 4.000%  12/1/2030   1,500   1,514
  Cook County School District No. 63 East Maine GO 4.000%  12/1/2034     435     436
2 Cook County School District No. 78 Rosemont GO 5.000%  12/1/2033   1,025   1,088
1 Cook County School District No. 94 GO 5.000%  12/1/2028     145     151
  DuPage County Community High School District No. 94 West Chicago GO 4.000%   1/1/2031     125     125
2 Fulton Mason Knox Schuyler Etc Counties Community College District No. 534 GO 4.500%  12/1/2034     500     504
  Illinois (Rebuild Illinois Program) GO 5.000%  11/1/2030     500     526
  Illinois (Rebuild Illinois Program) GO 4.000%  11/1/2033     140     140
  Illinois Development Finance Authority Health, Hospital, Nursing Home Revenue PUT 2.850%   3/1/2030     100      98
  Illinois Finance Authority Charter School Aid Revenue 5.000%  12/1/2029     150     151
  Illinois Finance Authority College & University Revenue 5.000%  10/1/2026     200     200
  Illinois Finance Authority College & University Revenue 5.000%  10/1/2030     245     246
  Illinois Finance Authority College & University Revenue 5.000%   4/1/2031     100     105
  Illinois Finance Authority College & University Revenue 5.000%   8/1/2031     285     287

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Illinois Finance Authority College & University Revenue 5.000%   4/1/2033     100     110
  Illinois Finance Authority College & University Revenue 5.000%  10/1/2033     305     306
  Illinois Finance Authority College & University Revenue (Bradley University Project) 5.000%   8/1/2030     305     308
  Illinois Finance Authority College & University Revenue (Bradley University Project) 5.000%   8/1/2032     390     393
  Illinois Finance Authority College & University Revenue (Bradley University Project) 5.000%   8/1/2034     270     283
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2028     520     525
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2028     425     439
6 Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2028     100     104
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2029      55      55
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2029     400     416
6 Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2029     100     105
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2030     265     276
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030      50      52
6 Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2030     100     106
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2030     140     148
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2031     170     171
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2031     100     107
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 3.650%   5/1/2031     100      99
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2031     600     645
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2031     175     176
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2031     115     123
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2031     300     300
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2032      65      66
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2032     155     156
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2032     120     124
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2032     315     324
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 3.000%  7/15/2032     160     154
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2032     150     151
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2032     205     221
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  2/15/2033      75      75
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2033      80      81
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2033     400     402
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2033     295     303
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2033     275     291
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2033     125     135
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2034     270     272
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2034   1,010   1,041
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2034     200     192
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2027     265     269
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2030     100     105
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2030     100     107
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2031      80      86
  Illinois Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2032     730     787
  Illinois Finance Authority Intergovernmental Agreement Revenue 4.000% 12/15/2034     310     312
  Illinois Finance Authority Water Revenue 5.000%   7/1/2030     100     108
  Illinois Finance Authority Water Revenue 5.000%   7/1/2030     105     113
  Illinois Finance Authority Water Revenue 5.000%   1/1/2031     100     108
  Illinois Finance Authority Water Revenue 5.000%   7/1/2034      90      91
  Illinois Finance Authority Water Revenue 5.000%   7/1/2034     380     398
  Illinois GO 5.000%  10/1/2026      55      55
  Illinois GO 5.000%   3/1/2027     100     101
  Illinois GO 5.000%   3/1/2029      65      68
  Illinois GO 5.000%   5/1/2029     180     186
  Illinois GO 5.000%  11/1/2029     150     153
2 Illinois GO 4.000%   2/1/2031      50      50
  Illinois GO 4.125%  11/1/2031     120     120
  Illinois GO 5.000%  12/1/2031      55      59
  Illinois GO 5.000%   3/1/2032     140     149
  Illinois GO 5.000%  10/1/2032     325     336
  Illinois GO 5.000%  12/1/2032   1,225   1,249
  Illinois GO 5.000%   2/1/2033     545     591
  Illinois GO 5.000%   5/1/2033     295     317
  Illinois GO 5.000%   5/1/2033     340     349
  Illinois GO 4.000%   6/1/2033     170     170
  Illinois GO 5.000%  10/1/2033   1,610   1,658
  Illinois GO 5.000%  11/1/2033     500     502
  Illinois GO 4.000%  12/1/2033     150     150
  Illinois GO 5.000%   3/1/2034     510     545
  Illinois GO 4.000%  10/1/2034     110     110
  Illinois GO 4.000%  12/1/2034     400     398

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 6.250%  10/1/2056     100     112
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue 6.500%  10/1/2056     645     730
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 5.000%  10/1/2026     100     100
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.150%   2/1/2028     100     100
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.150%   2/1/2028     100     100
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 2.800%   4/1/2028     100      99
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 2.800%   4/1/2028     100      99
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.000%   5/1/2028     600     598
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2028     500     500
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.150%   8/1/2028     100     100
7 Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.600%   8/1/2028     205     206
  Illinois Housing Development Authority Local or Guaranteed Housing Revenue PUT 3.350%   2/1/2030     100     100
  Illinois Sales Tax Revenue 5.000%  6/15/2029     250     263
  Illinois Sales Tax Revenue 5.000%  6/15/2030      50      52
  Illinois Sales Tax Revenue 5.000%  6/15/2031     150     161
1 Illinois Sports Facilities Authority Appropriations Revenue 5.000%  6/15/2029     250     261
2 Illinois Sports Facilities Authority Hotel Occupancy Tax Revenue 5.000%  6/15/2027     100     101
2 Kankakee County Community High School District No. 307 Bradley-Bourbonnais GO 5.000%  12/1/2027     130     133
2 Kendall Kane & Will Counties Community Unit School District No. 308 GO 0.000%   2/1/2027     100      98
1 Kendall Kane & Will Counties Community Unit School District No. 308 GO 5.000%   2/1/2033     100     110
  Lake County Consolidated High School District No. 120 Mundelein GO 5.000%  12/1/2031     100     108
  Lake County School District No. 112 North Shore GO 4.000%   6/1/2031     115     117
2 Macon County School District No. 61 Decatur GO 5.000%  12/1/2032     145     150
1 Markham IL GO 5.000%  12/1/2027     100     102
1 Markham IL GO 5.000%  12/1/2029     100     105
9 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000% 12/15/2031     395     324
1,9 Metropolitan Pier & Exposition Authority Appropriations Revenue 0.000% 12/15/2032      80      63
2 Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 0.000%  6/15/2027     105     102
  Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 5.000% 12/15/2027     200     205
9 Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 0.000%  6/15/2029     100      91
  Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 5.000%  6/15/2029     460     470
  Metropolitan Pier & Exposition Authority Appropriations Revenue (MCCormick Place Expansion Project) 5.000% 12/15/2033     400     406
1 Monroe & St Clair Counties Community Unit School District No. 5 Waterloo GO 5.000%  4/15/2031     315     338
1 Northeastern Illinois University (Capital Improvement Project) COP 5.000%   7/1/2032     100     106
  Northern Illinois Municipal Power Agency Electric Power & Light Revenue 5.000%  12/1/2029     290     292
  Northern Illinois Municipal Power Agency Electric Power & Light Revenue 3.000%  12/1/2034     245     225
1 Northern Illinois University Local or Guaranteed Housing Revenue 5.000%   4/1/2029     400     417
1 Peoria & Knox Community Unit School District No. 322 GO 5.000%  12/1/2029     350     367
2 Peoria City School District No. 150 GO 4.000%   1/1/2031     230     231
1,8 Public Building Commission of Chicago Transit Revenue 5.250%   3/1/2033     120     132
  Regional Transportation Authority Sales Tax Revenue 5.000%   6/1/2031     150     150
9 Regional Transportation Authority Sales Tax Revenue 6.000%   7/1/2033     500     559
  Sales Tax Securitization Corp. Sales Tax Revenue 4.000%   1/1/2029      65      66
  Sales Tax Securitization Corp. Sales Tax Revenue 5.500%   1/1/2030     100     106
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/2031     150     160
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/2031     250     256
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/2032     500     527
  Sales Tax Securitization Corp. Sales Tax Revenue 5.500%   1/1/2032     575     604
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/2033     160     164
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/2033      75      79
  Sales Tax Securitization Corp. Sales Tax Revenue 5.500%   1/1/2033     275     289
  Sales Tax Securitization Corp. Sales Tax Revenue 5.000%   1/1/2034     855     896
1 Sangamon County School District No. 186 Springfield GO 5.000%   2/1/2028     175     180
1 Sangamon County School District No. 186 Springfield GO 5.000%   2/1/2029     170     178
1 Sangamon County School District No. 186 Springfield GO 5.000%   6/1/2029     175     184
1 Sangamon County School District No. 186 Springfield GO 5.000%   2/1/2030     135     143
1 Sangamon County School District No. 186 Springfield GO 5.000%   2/1/2031     155     166
1 Sangamon County School District No. 186 Springfield GO 5.000%   2/1/2032     130     140
1 Sangamon County School District No. 186 Springfield GO 5.000%   2/1/2033     145     158
1 Sangamon Logan & Menard Counties Community Unit School District No. 15 Williamsville GO 5.000%  12/1/2032     250     262
  Schaumburg IL GO 4.000%  12/1/2031     100     103
2 University of Illinois Board of Trustees College & University Revenue 5.000%   4/1/2031     100     103
11 Vermilion & Champaign Counties Community Unit School District No. 76 Oakwood GO, 7.000% coupon rate effective 10/1/2026 3.750%  12/1/2027     100     100
2 Waukegan IL GO 5.000% 12/30/2027   1,185   1,194
  Will County IL GO 5.000% 11/15/2032     100     110
1 Will County School District No. 86 Joliet GO 5.000%   3/1/2034     100     108
1 Winnebago & Boone Counties School District No. 205 Rockford GO 5.000%   2/1/2033     250     273
                                 59,383

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
Indiana (0.8%)
  Brownsburg 1999 School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2032     125     127
  East Allen Multi School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2030     100     102
  Gary Community School Building Corp. Lease (Abatement) Revenue 4.000%  1/15/2029     100     100
  Hammond Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2033     320     327
  Indiana Finance Authority College & University Revenue (Marian University Project) 5.000%  9/15/2029     110     114
  Indiana Finance Authority College & University Revenue (Marian University Project) 5.000%  9/15/2030     100     104
  Indiana Finance Authority College & University Revenue (Marian University Project) 5.000%  9/15/2031     100     105
  Indiana Finance Authority College & University Revenue (Marian University Project) 5.000%  9/15/2032     100     105
  Indiana Finance Authority College & University Revenue (Marian University Project) 5.000%  9/15/2033     180     189
  Indiana Finance Authority College & University Revenue (Marian University Project) 5.000%  9/15/2034     190     199
  Indiana Finance Authority College & University Revenue (University of Indianapolis Project) 5.000%  10/1/2030     100     104
  Indiana Finance Authority Electric Power & Light Revenue (Ohio Valley Electric Corp. Project) 4.250%  11/1/2030     100     102
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2030     110     110
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2031     170     170
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/2033     140     153
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue (Greenwod Village South Project) 3.750%  5/15/2032     100     100
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue (Margaret Mary Health Project) 5.000%   3/1/2031     255     266
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2029     100     105
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/2030     160     170
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2031     160     172
  Indiana Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2033     100     109
  Indiana Finance Authority Industrial Revenue (United States Steel Corp. Project) 4.125%  12/1/2026     610     611
  Indiana Housing & Community Development Authority Local or Guaranteed Housing Revenue 5.750%   7/1/2053      65      68
  Indiana Housing & Community Development Authority Local or Guaranteed Housing Revenue 6.500%   7/1/2055     100     111
  Indiana Housing & Community Development Authority Local or Guaranteed Housing Revenue (Flats on 14th Project) PUT 2.750%   4/1/2028     100      99
  Indiana Housing & Community Development Authority Local or Guaranteed Housing Revenue (Foundry Row Project) PUT 3.350%   1/1/2028     100     100
  Indiana Housing & Community Development Authority Local or Guaranteed Housing Revenue PUT 2.900%   3/1/2028     100     100
  Indiana Municipal Power Agency Electric Power & Light Revenue 5.000%   1/1/2031      50      51
  Indiana State University Local or Guaranteed Housing Revenue 5.000%   4/1/2032      55      58
  IPS Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2033     320     346
  North Spencer County Middle School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2034     250     267
  Richmond Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2027     300     300
  Rockport IN Electric Power & Light Revenue PUT 3.700%   6/1/2029     275     278
  Upland IN College & University Revenue (Taylor University Project) 4.000%   9/1/2031      50      50
  Westfield High School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2030     620     663
  Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2029     100     105
  Westfield-Washington Multi-School Building Corp. Lease (Abatement) Revenue 5.000%  7/15/2030     100     107
                                  6,347
Iowa (0.3%)
1 Cedar Rapids Community School District Infrastructure Sales Services & Use Tax Sales Tax Revenue 5.000%   7/1/2032      90      98
  Guthrie County Hospital Health, Hospital, Nursing Home Revenue BAN 4.500%   2/1/2029     100     100
1 Indianola Municipal Utilities Electric Power & Light Revenue 4.000%   5/1/2027      50      50
  Iowa Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2030     160     160
  Iowa Finance Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2031      15      15
  Iowa Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2031      55      55
  Iowa Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2032     150     155
  Iowa Finance Authority Health, Hospital, Nursing Home Revenue PUT 3.950%  5/15/2031     100     100
3 Iowa Finance Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap Index Yield + 0.850% 3.010%  2/15/2035     250     250
  Iowa Finance Authority Local or Guaranteed Housing Revenue 4.000%   7/1/2052      80      81
  Iowa Finance Authority Water Revenue 5.000%   8/1/2028      90      94
  Iowa Finance Authority Water Revenue 5.000%   8/1/2029      65      69
  Iowa Tobacco Settlement Authority Tobacco Settlement Funded Revenue 5.000%   6/1/2029     400     421
  Iowa Tobacco Settlement Authority Tobacco Settlement Funded Revenue 5.000%   6/1/2033     110     118
  Linn County IA COP 4.000%   6/1/2031     100     101
  PEFA Inc. Natural Gas Revenue (Gas Project) 5.000%   4/1/2027     100     101
  PEFA Inc. Natural Gas Revenue (Gas Project) 5.000%   4/1/2032     100     105
  PEFA Inc. Natural Gas Revenue (Gas Project) 5.000%   4/1/2034     100     105
  Winterset IA Sewer Miscellaneous Revenue 4.000%   6/1/2029     100     101
                                  2,279
Kansas (0.4%)
  Burlington KS Industrial Revenue (Evergy Metro Inc. Project) PUT 3.375%   6/2/2031     240     237
1 Finney County KS GO 5.000%  10/1/2029     100     106
  Johnson & Miami Counties Unified School District No. 230 Spring Hills GO 4.000%   9/1/2033     250     246
  Johnson County Unified School District No. 512 Shawnee Mission GO 3.250%  10/1/2028     150     150
  Kansas Development Finance Authority College & University Revenue (Kansas State University Projects) 4.000%   3/1/2031      90      90

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Kansas Development Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2031     345     371
  Kansas Development Finance Authority Local or Guaranteed Housing Revenue PUT 2.950%   9/1/2027     100     100
  Kansas Development Finance Authority Local or Guaranteed Housing Revenue PUT 3.050%  12/1/2028     100      99
  Sedgwick County Unified School District No. 266 Maize GO 4.000%   9/1/2031     145     146
  Shawnee County KS Local or Guaranteed Housing Revenue PUT 3.750%   5/1/2028     100     100
  University of Kansas Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2031     165     167
  University of Kansas Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   3/1/2033     150     158
  University of Kansas Hospital Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   3/1/2030     100     106
  Wichita KS Local or Guaranteed Housing Revenue PUT 3.150%   2/1/2029     700     699
  Wichita KS Water & Sewer Utility Water Revenue 3.000%  10/1/2027     145     145
  Wyandotte County Unified School District No. 500 Kansas City GO, Prere. 5.500%   9/1/2026     250     250
4 Wyandotte County-Kansas City Unified Government Sales Tax Revenue 4.000%   3/1/2036     100      97
4 Wyandotte County-Kansas City Unified Government Tax Increment/Allocation Revenue (Village East Project) 5.250%   9/1/2035     250     251
                                  3,518
Kentucky (2.5%)
  Ashland KY Health, Hospital, Nursing Home Revenue 5.000%   2/1/2029     265     275
  Eastern Kentucky University College & University Revenue 4.000%  10/1/2031     820     834
  Kenton County Airport Board Port, Airport & Marina Revenue 5.000%   1/1/2032     190     190
  Kentucky Bond Development Corp. College & University Revenue 5.000%  4/30/2030     100     106
  Kentucky Bond Development Corp. College & University Revenue 5.000%  4/30/2031     100     107
  Kentucky Bond Development Corp. College & University Revenue 5.000%  4/30/2032     100     108
  Kentucky Bond Development Corp. College & University Revenue 5.000% 10/31/2032     100     108
  Kentucky Bond Development Corp. College & University Revenue 5.000%  4/30/2033     100     109
  Kentucky Bond Development Corp. College & University Revenue 5.000% 10/31/2033     100     109
2 Kentucky Bond Development Corp. Local or Guaranteed Housing Revenue 5.000%   7/1/2033     100     108
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2028      95      97
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2030      80      84
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2032     575     598
  Kentucky Economic Development Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2033     145     151
  Kentucky Housing Corp. Local or Guaranteed Housing Revenue PUT 3.150%   5/1/2029     100     100
  Kentucky Interlocal School Transportation Association COP 4.000%   3/1/2029     100     101
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/2031      60      62
  Kentucky Municipal Power Agency Electric Power & Light Revenue (Prairie State Project) 5.000%   9/1/2034     100     109
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%  11/1/2031     250     260
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%  11/1/2033     180     187
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%  12/1/2033     505     513
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%   5/1/2034     180     187
  Kentucky Public Energy Authority Natural Gas Revenue 5.000%   6/1/2034   2,355   2,410
  Kentucky Public Energy Authority Natural Gas Revenue PUT 4.000%   2/1/2028   1,530   1,541
  Kentucky Public Energy Authority Natural Gas Revenue PUT 5.250%  12/1/2029   1,850   1,945
  Kentucky Public Energy Authority Natural Gas Revenue PUT 5.000%   7/1/2030     995   1,031
  Kentucky Public Energy Authority Natural Gas Revenue PUT 4.000%   8/1/2030   1,425   1,432
  Kentucky Public Energy Authority Natural Gas Revenue PUT 5.000%   8/1/2032     750     781
  Kentucky State Property & Building Commission Lease (Appropriation) Revenue (Project No. 119) 5.000%   5/1/2030     135     140
  Kentucky State Property & Building Commission Lease Revenue (Agency Fund - Project No. 114) 5.000%  10/1/2033     365     366
  Kentucky State Property & Building Commission Lease Revenue (Project No. 114) 5.000%  10/1/2032     170     171
  Lexington-Fayette Urban County Government GO 4.000%   9/1/2030     175     175
  Louisville & Jefferson County Metropolitan Sewer District Sewer Revenue 3.000%  5/15/2028     200     200
  Louisville & Jefferson County Visitors & Convention Commission Miscellaneous Taxes Revenue 4.000%   6/1/2034     570     570
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2028     100     104
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2029     525     527
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2029     100     105
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030     125     125
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030     230     245
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2031     135     145
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2031     200     215
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2032     160     172
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue 5.000%  10/1/2033     230     249
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2029      65      68
  Louisville-Jefferson County Metropolitan Government Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2029     600     628
  Madison County KY GO 5.000%   3/1/2028     110     114
  Montgomery County School District Finance Corp. Lease (Appropriation) Revenue 4.000%   8/1/2032   1,125   1,157
  Nelson County School District Finance Corp. Lease (Appropriation) Revenue 4.000%  11/1/2032     890     903
  Northern Kentucky Water District Water Revenue 4.125%   2/1/2031     500     500
  Pikeville KY College & University Revenue BAN 3.800%   8/1/2028     100     100
                                 20,622
Louisiana (1.8%)
  Cameron Parish School District No. 15 GO 5.000%  10/1/2030     300     313
  Jefferson Parish Finance Authority Local or Guaranteed Housing Revenue 3.750%   7/1/2029      55      55

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue 6.250%   6/1/2055     100     109
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue (Arbours at Acadiana Project) PUT 5.000%   4/1/2027     250     253
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue (Benoit Townhomes Project) PUT 3.750%   8/1/2026      85      85
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue (BW Cooper Senior Project) PUT 3.200%   8/1/2028     100     100
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue (Capstone at Covington Place Project) PUT 3.100%   5/1/2028     155     155
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue (Capstone at the Oaks Project) PUT 3.200%  12/1/2026     100     100
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue (Hampton Park Project) PUT 3.150%   7/1/2028     100     100
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue (King Oaks V Project) PUT 2.700%  10/1/2028     100      99
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue (NSA East Bank Apartments Project) PUT 3.150%   4/1/2029     445     441
  Louisiana Housing Corp. Local or Guaranteed Housing Revenue PUT 5.000%   4/1/2027     200     202
  Louisiana Local Government Environmental Facilities & Community Development Authority College & University Revenue 4.000%   8/1/2026       5       5
  Louisiana Local Government Environmental Facilities & Community Development Authority Industrial Revenue 5.000%  8/15/2030     285     290
  Louisiana Local Government Environmental Facilities & Community Development Authority Industrial Revenue 5.000%  8/15/2031     105     107
  Louisiana Local Government Environmental Facilities & Community Development Authority Industrial Revenue 5.000%  8/15/2032      75      76
  Louisiana Local Government Environmental Facilities & Community Development Authority Industrial Revenue 5.000%  8/15/2033     100     101
  Louisiana Local Government Environmental Facilities & Community Development Authority Industrial Revenue 5.000%  8/15/2034     500     507
  Louisiana Local Government Environmental Facilities & Community Development Authority Industrial Revenue 5.000%  8/15/2035     375     380
  Louisiana Local Government Environmental Facilities & Community Development Authority Industrial Revenue (Westlake Chemical Corp. Project) 3.500%  11/1/2032     200     193
  Louisiana Local Government Environmental Facilities & Community Development Authority Intergovernmental Agreement Revenue (Jefferson Parish Projects) 5.000%   4/1/2028     250     250
2 Louisiana Office Facilities Corp. Lease (Appropriation) Revenue 5.000%   7/1/2031     100     109
  Louisiana Offshore Terminal Authority Port, Airport & Marina Revenue (Loop LLC Project) PUT 4.200%  10/1/2026     100     100
  Louisiana Public Facilities Authority College & University Revenue (Loyola University Project) 5.000%  10/1/2029      50      52
  Louisiana Public Facilities Authority College & University Revenue (Loyola University Project) 5.000%  10/1/2032     245     255
  Louisiana Public Facilities Authority College & University Revenue (Tulane University of Louisiana Project) 4.000% 12/15/2032     180     180
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2030     100     106
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2033     300     314
  Louisiana Public Facilities Authority Health, Hospital, Nursing Home Revenue (Ochsner Clinic Foundation Project) 5.000%  5/15/2029     175     177
2 New Orleans Aviation Board Auto Parking Revenue 5.000%  10/1/2032     115     119
2 New Orleans Aviation Board Port, Airport & Marina Revenue (Consolidation Rental Car Project) 5.000%   1/1/2032     215     220
  New Orleans Aviation Board Port, Airport & Marina Revenue (North Terminal Project) 5.000%   1/1/2034     225     226
  New Orleans LA (Audubon Commission Projects) GO 5.000%  10/1/2029     160     167
  New Orleans LA (Audubon Commission Projects) GO 4.000%  10/1/2032     310     310
  New Orleans LA (Audubon Commission Projects) GO 4.000%  10/1/2033     650     647
  New Orleans LA GO 5.000%  10/1/2027     350     357
  New Orleans LA GO 5.000%  12/1/2027      70      70
  New Orleans LA GO 5.000%  12/1/2027     160     164
  New Orleans LA GO 5.000%  12/1/2027     175     179
  New Orleans LA GO 5.000%  12/1/2028     555     574
  New Orleans LA GO 5.000%  12/1/2029     315     329
  New Orleans LA GO 5.000%  12/1/2030     295     311
  New Orleans LA GO 5.000%  12/1/2031     820     859
  New Orleans LA GO 5.000%  12/1/2032     300     320
  New Orleans LA GO 5.000%  12/1/2032     100     107
  New Orleans LA GO 5.000%  12/1/2033     130     135
  New Orleans LA Sewerage Service Sewer Revenue 5.000%   6/1/2029     400     416
  New Orleans LA Sewerage Service Sewer Revenue 5.000%   6/1/2033     405     419
  Parish of St. John the Baptist LA Industrial Revenue (Marathon Oil Corp. Project) PUT 3.000%   7/2/2029     560     556
2 Shreveport LA GO 5.000%   3/1/2031     260     277
2 Shreveport LA GO 5.000%   3/1/2033     375     406
1 Shreveport LA Water & Sewer Water Revenue 5.000%  12/1/2029     380     382
2 Shreveport LA Water & Sewer Water Revenue 5.000%  12/1/2029     100     106
2 Shreveport LA Water & Sewer Water Revenue 5.000%  12/1/2030     100     107
1 Shreveport LA Water & Sewer Water Revenue 4.000%  12/1/2034     100      98
  St. James Parish LA Industrial Revenue (Nustar Logistics LP Project) PUT 3.700%   6/1/2030     100     100
  St. John Parish the Baptist LA Industrial Revenue (Marathon Oil Corp. Project) PUT 3.300%   7/3/2028     805     820
  Tangipahoa Parish Hospital Service District No. 1 Health, Hospital, Nursing Home Revenue (North Oaks Health System Project) 5.000%   2/1/2028      60      61
  Tangipahoa Parish Hospital Service District No.1 Health, Hospital, Nursing Home Revenue (North Oaks Health System Project) 5.000%   2/1/2033     875     914
  Terrebonne Parish Hospital Service District No. 1 Health, Hospital, Nursing Home Revenue (Terrebonne General Medical Center Project) 5.000%   4/1/2032     150     160
                                 15,130
Maine (0.3%)
  Bangor ME GO 3.250%   3/1/2029     100     100
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029     110     112
2 Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032     220     241

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
2 Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032     160     175
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2034     155     162
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2035     500     521
  Maine Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000%   7/1/2027      90      92
  Maine State Housing Authority Local or Guaranteed Housing Revenue 3.050% 11/15/2029     140     139
  Maine State Housing Authority Local or Guaranteed Housing Revenue 3.500% 11/15/2033     170     165
  Maine State Housing Authority Local or Guaranteed Housing Revenue 6.000% 11/15/2055     100     109
  Maine State Housing Authority Local or Guaranteed Housing Revenue 6.250% 11/15/2055     195     213
  Maine State Housing Authority Local or Guaranteed Housing Revenue 6.000% 11/15/2056     100     109
  Maine State Housing Authority Local or Guaranteed Housing Revenue 6.250% 11/15/2056     100     110
  Portland ME General Airport Port, Airport & Marina Revenue 5.000%   1/1/2033     100     105
  Regional School Unit No. 14 GO 5.000%  11/1/2031     200     219
                                  2,572
Maryland (0.6%)
  Baltimore MD Sewer Revenue (Wastewater Projects) 5.000%   7/1/2027     700     707
  Baltimore MD Sewer Revenue (Wastewater Projects) 5.000%   7/1/2033     220     221
  Baltimore MD Water Revenue 5.000%   7/1/2030      75      75
  Baltimore MD Water Revenue (Water Projects) 5.000%   7/1/2032     580     607
  Maryland Community Development Administration Local or Guaranteed Housing Revenue 3.300%   1/1/2029      50      50
5 Maryland Community Development Administration Local or Guaranteed Housing Revenue 3.450% 12/15/2031     100     100
  Maryland Department of Housing & Community Development Local or Guaranteed Housing Revenue 6.250%   9/1/2056     100     109
  Maryland Department of Housing & Community Development Local or Guaranteed Housing Revenue 6.250%   9/1/2056     700     779
  Maryland Department of Housing & Community Development Local or Guaranteed Housing Revenue 6.250%   9/1/2056     100     111
2 Maryland Economic Development Corp. Local or Guaranteed Housing Revenue 5.000%   7/1/2033     100     107
  Maryland GO 5.000%   8/1/2026     200     200
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/2027     160     161
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2027     100     102
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2028     100     104
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.500%   1/1/2031     400     403
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031     130     139
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2032     100     109
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032     105     107
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/2027      80      81
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/2031      65      69
  Maryland Health & Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2033     115     124
7 Montgomery County Housing Opportunities Commission Local or Guaranteed Housing Revenue 3.000%   1/1/2033     295     283
  Prince George's County MD GO 5.000%   8/1/2029     100     106
                                  4,854
Massachusetts (2.6%)
  Abington MA BAN GO 4.000%  4/22/2027     100     101
2 Commonwealth of Massachusetts GO 5.250%  11/1/2026      55      55
  Commonwealth of Massachusetts GO 5.000%   7/1/2030     100     108
  Commonwealth of Massachusetts GO 5.000%   7/1/2032     100     111
  Hudson MA BAN GO 4.000%  6/10/2027     230     231
  Hudson MA GO 5.000%   6/1/2027     575     580
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2027   1,505   1,502
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2027     275     274
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/2028     140     142
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2028     200     200
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2028     100     100
  Massachusetts Development Finance Agency College & University Revenue 5.000%   1/1/2029      75      76
  Massachusetts Development Finance Agency College & University Revenue 4.500%   7/1/2029     100     100
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/2029     100     100
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2029   1,000     998
  Massachusetts Development Finance Agency College & University Revenue 5.000%   1/1/2030     435     442
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/2030     430     430
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2030     135     136
  Massachusetts Development Finance Agency College & University Revenue 5.000%  2/15/2031     500     544
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/2031     620     622
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2031     645     672
  Massachusetts Development Finance Agency College & University Revenue 5.000%   1/1/2032     100     101
  Massachusetts Development Finance Agency College & University Revenue 5.000%   1/1/2032     130     130
  Massachusetts Development Finance Agency College & University Revenue 5.000%   1/1/2032      75      76
  Massachusetts Development Finance Agency College & University Revenue 5.000%   7/1/2032     100     100
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2032     545     562
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2032     105     109
  Massachusetts Development Finance Agency College & University Revenue 5.000%  2/15/2033     170     189
  Massachusetts Development Finance Agency College & University Revenue 5.000%   3/1/2033     480     503
  Massachusetts Development Finance Agency College & University Revenue 5.000%   9/1/2033     440     443

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Massachusetts Development Finance Agency College & University Revenue 4.125%  10/1/2033      60      55
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2033     525     527
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2033     230     238
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2033     185     192
  Massachusetts Development Finance Agency College & University Revenue 5.000%   1/1/2034     700     702
  Massachusetts Development Finance Agency College & University Revenue 5.000%  2/15/2034     100     112
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2034     250     250
  Massachusetts Development Finance Agency College & University Revenue 5.000%  10/1/2034     350     351
  Massachusetts Development Finance Agency College & University Revenue PUT 3.300%   7/1/2028     100     101
  Massachusetts Development Finance Agency College & University Revenue PUT 5.000%  10/1/2031     240     261
  Massachusetts Development Finance Agency College & University Revenue PUT 5.000%  10/1/2033     100     111
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027     200     202
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.250%   9/1/2027     100     102
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029      80      80
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029     340     346
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029     600     626
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.250%   9/1/2029     100     105
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  10/1/2029     100     105
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030     615     634
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030     295     295
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030     100     100
2 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030     180     193
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030     270     288
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031     275     275
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031     120     120
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031     120     120
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  10/1/2031     350     373
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 3.000%   7/1/2032     220     211
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032     245     252
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032     900     982
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032     185     190
4 Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 4.000%  10/1/2032     250     249
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%  12/1/2033     225     227
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue 5.000%   7/1/2034     130     133
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue PUT 5.000%  1/31/2030     270     285
  Massachusetts Development Finance Agency Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2031     215     227
  Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue 5.000%  10/1/2029     150     150
4 Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue 5.000%   7/1/2036     100     104
  Massachusetts Development Finance Agency Local or Guaranteed Housing Revenue (Umass Dartmouth Student Housing Project) 5.000%  10/1/2027     100     100
  Massachusetts Development Finance Agency Miscellaneous Revenue 5.000%   9/1/2031      75      80
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.500%   6/1/2029     150     151
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.100%  12/1/2029     160     158
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 3.150%   6/1/2030     240     236
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%  12/1/2056     105     116
  Massachusetts Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.900%   6/1/2029     110     111
  Massachusetts School Building Authority Sales Tax Revenue 5.000%  2/15/2031     200     218
  Massachusetts School Building Authority Sales Tax Revenue 5.000%  2/15/2032     100     110
  Massachusetts School Building Authority Sales Tax Revenue 5.000%  2/15/2033     100     111
  Quincy MA BAN GO 5.000%  8/13/2027   1,000   1,021
                                 22,023
Michigan (1.2%)
  Detroit MI GO 5.000%   4/1/2028     810     831
  Detroit MI GO 5.000%   4/1/2030      70      72
  Detroit MI GO 5.000%   4/1/2032     100     105
2,10 Detroit MI Sewage Disposal System Sewer Revenue 5.500%   7/1/2029      50      52
  Grand Rapids Economic Development Corp. Health, Hospital, Nursing Home Revenue (Beacon Hill at Eastgate Project) 4.125%  11/1/2030     250     250
  Great Lakes Water Authority Water Supply System Water Revenue PUT 3.450%   7/1/2030     100     100
4 Kalamazoo Economic Development Corp. Health, Hospital, Nursing Home Revenue 3.900%  8/15/2031     100      98
  Lansing Board of Water & Light Electric Power & Light Revenue PUT 5.000%   7/1/2031     100     108
  Michigan Finance Authority College & University Revenue (Kalamazoo College Project) 5.000%  12/1/2029     300     311
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2032     135     141
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2033     400     416
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2034     120     125
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2034     165     168
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue (Mckenzie Health System Project) 4.000%   1/1/2028     100     100
  Michigan Finance Authority Health, Hospital, Nursing Home Revenue PUT 1.200%  4/13/2028      30      29
1 Michigan Finance Authority Intergovernmental Agreement Revenue 5.000%   7/1/2032     100     109

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Michigan Finance Authority Intergovernmental Agreement Revenue (Charter County of Wayne Criminal Justice Center Project) 5.000%  11/1/2033     330     341
  Michigan Finance Authority Intergovernmental Agreement Revenue (Charter County of Wayne Criminal Justice Center Project) 5.000%  11/1/2034     285     294
  Michigan Finance Authority Water Revenue 4.000%  10/1/2030     205     205
  Michigan Finance Authority Water Revenue 4.000%  10/1/2032     285     285
  Michigan State Building Authority Lease (Appropriation) Revenue (Facilities Program) 5.000%  4/15/2030     100     107
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2028     100     104
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2029     100     105
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2030      65      67
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2031     290     292
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2032     100     108
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2032      25      25
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2033     100     108
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   6/1/2032     100     107
  Michigan State Hospital Finance Authority Health, Hospital, Nursing Home Revenue, Prere. 4.000%  5/15/2028      50      51
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.500%   4/1/2029     360     357
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.700%   4/1/2030     480     476
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.300%  10/1/2030     310     301
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 3.550%  10/1/2031     370     360
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 5.500%  12/1/2053     685     729
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 5.750%   6/1/2054     320     339
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 6.000%   6/1/2056     200     218
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue 6.000%  12/1/2056     175     191
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue (Clark Road Family Apartments Project) PUT 2.670%  10/1/2026     100     100
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue (Clark Road Family Apartments Project) PUT 2.670%  10/1/2026     100     100
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue PUT 5.000%  12/1/2026     150     151
  Michigan State Housing Development Authority Local or Guaranteed Housing Revenue PUT 2.950%  11/1/2028     100      99
  Michigan Strategic Fund Health, Hospital, Nursing Home Revenue 5.000% 11/15/2029      75      77
  Saginaw Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029     440     461
  Wayne County Airport Authority Port, Airport & Marina Revenue 5.000%  12/1/2034     305     317
  Wayne State University College & University Revenue 5.000% 11/15/2032     640     641
                                 10,131
Minnesota (1.3%)
  Duluth Independent School District No. 709 GO 0.000%   2/1/2033     100      78
  Hennepin County Housing & Redevelopment Authority Local or Guaranteed Housing Revenue PUT 3.150%   8/1/2028     100     100
  Maple Grove MN Health, Hospital, Nursing Home Revenue 5.000%   5/1/2030     150     151
  Minneapolis MN Health, Hospital, Nursing Home Revenue 5.000% 11/15/2034   1,135   1,160
  Minneapolis MN Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2028   1,295   1,348
  Minneapolis MN Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2030   2,010   2,136
  Minneapolis MN St. Paul Housing & Redevelopment Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2027     150     154
  Minneapolis-St. Paul Metropolitan Airports Commission Port, Airport & Marina Revenue 5.000%   1/1/2031     130     131
  Minnesota Agricultural & Economic Development Board Health, Hospital, Nursing Home Revenue 5.000% 11/15/2029     100     105
  Minnesota Appropriations Revenue 5.000%   3/1/2027      75      76
  Minnesota Appropriations Revenue 5.000%   3/1/2028     440     456
  Minnesota Health & Education Facilities Authority College & University Revenue 4.000%  10/1/2033     295     295
  Minnesota Health & Education Facilities Authority College & University Revenue PUT 5.000%  10/1/2027     100     101
  Minnesota Health & Education Facilities Authority College & University Revenue PUT 5.000%  10/1/2029     175     182
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%   2/1/2027     100     100
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 4.000%   7/1/2047      15      15
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 5.750%   7/1/2053     100     105
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 6.500%   1/1/2055     355     393
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%   7/1/2055     380     420
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 6.000%   7/1/2056     100     109
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 6.000%   7/1/2056     100     110
  Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 6.000%   7/1/2056     195     213
6 Minnesota Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%   1/1/2057     110     123
  Minnesota Municipal Gas Agency Natural Gas Revenue (Gas Project) 5.000%   9/1/2028     100     102
  Minnesota Municipal Gas Agency Natural Gas Revenue (Gas Project) 5.000%   9/1/2030     135     139
  Minnesota Municipal Gas Agency Natural Gas Revenue PUT 4.000%  12/1/2027     165     167
3 Minnesota Municipal Gas Agency Natural Gas Revenue, 67% of SOFR + 1.000% 3.445%  12/1/2052     700     701
  Minnesota Rural Water Finance Authority Inc. Intergovernmental Agreement Revenue 2.875%   1/1/2028     100     100
  Mounds View MN Local or Guaranteed Housing Revenue (Sibley Court Project) PUT 3.375%   3/1/2028     300     301
  Rochester MN Health, Hospital, Nursing Home Revenue PUT 5.000%  5/15/2032     310     335
  St. Cloud MN Independent School District No. 742 GO 0.000%   2/1/2032     100      82
  St. Paul Minnesota Housing & Redevelopment Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030     100     106
  Washington County Community Development Agency Local or Guaranteed Housing Revenue (Red Rock Manor Project) PUT 3.150%   8/1/2028     100     100

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Woodbury Housing & Redevelopment Authority Local or Guaranteed Housing Revenue PUT 3.200%   2/1/2028     275     275
                                 10,469
Mississippi (0.4%)
  Gulfport MS Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032     675     716
  Mississippi Development Bank Special Obligation Revenue 3.000%   3/1/2029      75      71
  Mississippi Development Bank Special Obligation Revenue 4.000%   6/1/2034     150     150
  Mississippi Development Bank Special Obligation Revenue (Lamar County School District General Obligation Bond Project) 5.000%   6/1/2027     150     153
  Mississippi Development Bank Special Obligation Revenue (Lamar County School District General Obligation Bond Project) 5.000%   6/1/2029     150     158
  Mississippi Gaming Tax Miscellaneous Taxes Revenue 5.000% 10/15/2030     135     135
  Mississippi Gaming Tax Miscellaneous Taxes Revenue 5.000% 10/15/2034     200     206
  Mississippi Home Corp. Local or Guaranteed Housing Revenue 6.250%  12/1/2055     100     110
  Mississippi Home Corp. Local or Guaranteed Housing Revenue (Community Park Project) PUT 3.625%   6/1/2027     250     250
  Mississippi Home Corp. Local or Guaranteed Housing Revenue PUT 3.050%   5/1/2027     215     215
  Mississippi Home Corp. Local or Guaranteed Housing Revenue PUT 5.000%  11/1/2027     250     256
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2028      55      57
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue (Forrest County General Hospital Project) 5.000%   1/1/2030     215     225
  Mississippi Hospital Equipment & Facilities Authority Health, Hospital, Nursing Home Revenue (Forrest County General Hospital Project) 5.000%   1/1/2032     405     422
  Mississippi State University Educational Building Corp. College & University Revenue (Campus Improvement Project) 5.000%  11/1/2026     100     100
  Warren County MS GO 4.000%  10/1/2027     185     185
  Warren County MS Industrial Revenue 4.000%   9/1/2032     300     305
                                  3,714
Missouri (1.5%)
  Cape Girardeau County IDA Health, Hospital, Nursing Home Revenue 5.000%   3/1/2032     310     313
  Greene County MO COP (Capital Projects) 4.000%   9/1/2030   1,000   1,013
  Kansas City MO Sanitary Sewer System Sewer Revenue 4.000%   1/1/2032     150     150
  Kansas City MO School District COP 5.000%   4/1/2030     100     106
  Kansas City MO Special Obligation Revenue (Downtown Arena Project) 5.000%   4/1/2030     100     107
  Kansas City Planned Industrial Expansion Authority Local or Guaranteed Housing Revenue PUT 5.000%   7/1/2027     100     101
  Lees Summit IDA Health, Hospital, Nursing Home Revenue 3.600%  8/15/2048     100     100
  Liberty Public School District No. 53 GO 4.000%   3/1/2028     100     102
  Missouri Health & Educational Facilities Authority College & University Revenue 5.000%  10/1/2027     130     133
  Missouri Health & Educational Facilities Authority College & University Revenue 5.000%   5/1/2029      50      51
  Missouri Health & Educational Facilities Authority College & University Revenue 5.000%  10/1/2033     100     104
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2027     285     292
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2029     200     200
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2029     215     224
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2029     100     105
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2029     115     121
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2030     940     976
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   2/1/2031     100     100
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2031     765     792
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2031     200     200
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031     200     209
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2032     155     161
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2032   1,245   1,343
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2032     675     703
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2032     100     108
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2032      75      78
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2033     100     100
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  12/1/2033     360     360
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   6/1/2028     445     461
  Missouri Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   4/1/2032   1,685   1,816
  Missouri Housing Development Commission Local or Guaranteed Housing Revenue 6.250%   5/1/2056     240     264
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue 4.000%  12/1/2032     310     311
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue (Marshall Energy Center Project) 5.000%   1/1/2031     100     107
  Missouri Joint Municipal Electric Utility Commission Electric Power & Light Revenue (Prairie State Project) 4.000%  12/1/2033     625     625
  Poplar Bluff MO Tax Increment/Allocation Revenue 4.500%  11/1/2035     100      98
  St. Charles County Public Water Supply District No. 2 COP 5.000%  12/1/2028     100     105
  St. Charles County Public Water Supply District No. 2 COP 5.000%  12/1/2030     100     108
  St. Louis County MO Appropriations Revenue 5.000%  12/1/2034     110     116
  St. Louis Missouri IDA Local or Guaranteed Housing Revenue PUT 3.150%   4/1/2028     100     100
  University of Missouri of Curators College & University Revenue 5.000%  11/1/2027     150     154
                                 12,617

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
Montana (0.4%)
  Flathead County MT GO 5.000%   7/1/2031     100     109
  Forsyth MT Industrial Revenue (Puget Sound Energy Project) 3.900%   3/1/2031     545     542
  Montana Board of Housing Local or Guaranteed Housing Revenue 6.000%  12/1/2054     410     438
  Montana Board of Housing Local or Guaranteed Housing Revenue 6.000%  12/1/2055     100     108
  Montana Board of Housing Local or Guaranteed Housing Revenue 5.750%   6/1/2056     100     108
  Montana Board of Housing Local or Guaranteed Housing Revenue (Hidden Creek 4 Project) PUT 3.050%   5/1/2029     100      99
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2027     220     224
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028     150     156
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2030     205     207
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2031     110     111
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2032      85      86
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2033     640     656
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue (St. Johns United Project) 4.100% 11/15/2031     100     100
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue (St. Johns United Project) 4.350% 11/15/2032     100     100
  Montana Facility Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  2/15/2030     435     459
                                  3,503
Nebraska (0.8%)
  Central Plains Energy Project Natural Gas Revenue (Project No. 3) 5.000%   9/1/2029     200     207
  Central Plains Energy Project Natural Gas Revenue (Project No. 4) PUT 5.000%  11/1/2029     785     815
  Central Plains Energy Project Natural Gas Revenue (Project No. 5) PUT 5.000%  10/1/2029   1,425   1,476
  Central Plains Energy Project Natural Gas Revenue PUT 5.000%   8/1/2031     530     558
  Douglas County Hospital Authority No. 2 Health, Hospital, Nursing Home Revenue 5.000% 11/15/2034     100     106
  Douglas County NE College & University Revenue (Creighton University Projects) 5.000%   7/1/2031     100     107
2 Gretna Public Schools GO 5.000% 12/15/2030     115     118
  Lincoln NE Local or Guaranteed Housing Revenue PUT 3.370%   7/1/2028     500     502
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 5.000%   9/1/2028     200     208
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 6.250%   3/1/2055     100     110
  Nebraska Investment Finance Authority Local or Guaranteed Housing Revenue 6.250%   9/1/2055     100     109
  Nebraska Public Power District Electric Power & Light Revenue 5.000%   7/1/2028   1,000   1,030
  Nebraska Public Power District Electric Power & Light Revenue 5.000%   1/1/2030     105     112
  Nebraska Public Power District Electric Power & Light Revenue 5.000%   7/1/2031     610     657
  Nebraska Public Power District Electric Power & Light Revenue 5.000%   1/1/2032     100     109
  Nebraska Public Power District Electric Power & Light Revenue 5.000%   1/1/2033     135     148
  Omaha NE Housing Authority Local or Guaranteed Housing Revenue (Central at Columbus Park Project) PUT 3.150%   6/1/2029     115     114
  Omaha Public Power District Electric Power & Light Revenue 5.000%   2/1/2032     130     136
                                  6,622
Nevada (0.2%)
  Carson City NV Health, Hospital, Nursing Home Revenue 5.000%   9/1/2029     105     106
  Clark County Department of Aviation Port, Airport & Marina Revenue 5.000%   7/1/2029      60      64
  Nevada Housing Division Local or Guaranteed Housing Revenue PUT 3.000%   7/1/2027     100     100
  Nevada Housing Division Local or Guaranteed Housing Revenue PUT 5.000%   7/1/2027     100     102
  Nevada Housing Division Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2029     100     100
2 North Las Vegas NV GO 4.000%   6/1/2032     800     807
  Sparks Tourism Improvement District No. 1 Sales Tax Revenue 3.875%  6/15/2028      55      55
  Washoe County NV Electric Power & Light Revenue (Sierra Pacific Power Co. Projects) PUT 3.625%  10/1/2029     145     145
                                  1,479
New Hampshire (0.5%)
4 New Hampshire Business Finance Authority Intergovernmental Agreement Revenue 5.375% 12/15/2035     200     198
4 New Hampshire Business Finance Authority Intergovernmental Agreement Revenue (Forestar Group Houston-Area Projects) 6.500%  12/1/2034     150     150
4 New Hampshire Business Finance Authority Intergovernmental Agreement Revenue (Grand Pines Project) 5.625%   6/1/2039     100     100
4 New Hampshire Business Finance Authority Intergovernmental Agreement Revenue (Mirador Project) 6.000%  12/1/2031     100     100
4 New Hampshire Business Finance Authority Intergovernmental Agreement Revenue (The Astro Sunterra Project) 0.000% 12/15/2034     250     144
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue 4.125%  1/20/2034     144     144
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue 4.500%  12/1/2035     255     251
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue PUT 4.750%   6/1/2035      99     102
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue PUT 4.125%   3/1/2036     105     101
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue PUT 4.500%   3/1/2036     115     111
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue PUT 5.125%   3/1/2036     435     428
  New Hampshire Business Finance Authority Local or Guaranteed Housing Revenue PUT 4.150% 10/20/2040     597     581
  New Hampshire GO 3.000%  11/1/2029     200     198
  New Hampshire Health & Education Facilities Authority Act College & University Revenue PUT 3.300%   8/3/2027     365     365
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 5.000%  10/1/2029     150     150
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031     150     154
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 5.000%  10/1/2032     275     280
  New Hampshire Health & Education Facilities Authority Act Health, Hospital, Nursing Home Revenue 5.000%  10/1/2033     100     100
  New Hampshire Housing Finance Authority Local or Guaranteed Housing Revenue 6.500%   1/1/2057     175     198

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  New Hampshire Municipal Bond Bank Indirect Ad Valorem Property Revenue 4.000%  8/15/2029     250     250
  New Hampshire Municipal Bond Bank Indirect Ad Valorem Property Revenue 4.000%  8/15/2030     100     100
  New Hampshire Municipal Bond Bank Miscellaneous Revenue 4.000%  8/15/2029     250     250
                                  4,455
New Jersey (2.5%)
  Belleville NJ BAN GO 4.000%   7/6/2027     175     176
4 Essex County Improvement Authority Charter School Aid Revenue (North Star Academy Charter School of Newark Inc. - 2020 Project) 4.000%  7/15/2030     100     100
  Jersey City NJ GO 4.000%  2/15/2033   1,500   1,515
  Mercer County NJ GO 3.000%  2/15/2028     125     125
  Montclair State University Inc. College & University Revenue 5.000%   7/1/2029     500     528
  New Jersey Economic Development Authority Appropriations Revenue 5.250%  6/15/2027     275     275
  New Jersey Economic Development Authority Appropriations Revenue 3.375%   7/1/2030     430     424
1 New Jersey Economic Development Authority Appropriations Revenue 3.125%   7/1/2031     200     195
  New Jersey Economic Development Authority Appropriations Revenue 4.000%   7/1/2032     365     364
  New Jersey Economic Development Authority Appropriations Revenue 5.000%   7/1/2033   1,235   1,246
1 New Jersey Economic Development Authority Appropriations Revenue 4.000%   7/1/2034     185     184
  New Jersey Economic Development Authority Appropriations Revenue (School Facilities Construction Program) 5.000%  6/15/2029     225     237
  New Jersey Economic Development Authority Local or Guaranteed Housing Revenue 4.125%   7/1/2030     350     335
  New Jersey Economic Development Authority Local or Guaranteed Housing Revenue 5.000%   7/1/2035     100      97
  New Jersey Educational Facilities Authority College & University Revenue 5.000%   7/1/2027     190     193
  New Jersey Educational Facilities Authority College & University Revenue 5.000%   7/1/2028      50      49
  New Jersey Educational Facilities Authority College & University Revenue 5.000%   7/1/2032     200     200
  New Jersey Educational Facilities Authority College & University Revenue 5.000%   7/1/2032     200     200
  New Jersey Educational Facilities Authority College & University Revenue 5.000%   7/1/2033     120     127
  New Jersey Educational Facilities Authority College & University Revenue 4.000%   7/1/2034     110     110
1 New Jersey Educational Facilities Authority College & University Revenue BAM 5.000%   7/1/2033     370     371
  New Jersey Educational Facilities Authority College & University Revenue PUT 5.000%   7/1/2031     105     113
2 New Jersey Educational Facilities Authority College & University Revenue, ETM 5.000%   7/1/2028     100     104
  New Jersey Health Care Facilities Financing Authority Appropriations Revenue (Hospital Asset Transfer Program) 5.000%  10/1/2026     100     100
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028     750     751
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029     500     528
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 4.000%   7/1/2030     110     111
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030     120     122
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031     250     271
  New Jersey Health Care Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2033     180     198
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 2.900%  11/1/2027     100      99
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.375%  11/1/2027      50      50
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 2.950%   5/1/2028     100      99
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.400%   4/1/2029     120     120
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.500%   5/1/2029      50      50
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 3.050%  11/1/2029     410     407
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue 6.500%   4/1/2056     100     110
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue (22 Fulton Street Project) PUT 3.200%   6/1/2030     200     197
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue (701 Newark Avenue Project) PUT 3.150%  12/1/2028     100     100
  New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue PUT 3.100%   7/1/2028   1,100   1,099
3 New Jersey Housing & Mortgage Finance Agency Local or Guaranteed Housing Revenue, SIFMA Municipal Swap Index Yield + 1.200% 3.360%   5/1/2048     240     240
  New Jersey Infrastructure Bank Water Revenue 4.000%   9/1/2028     145     145
8 New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/2026     150     148
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/2028     130     131
8 New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/2028     285     264
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/2028     130     121
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/2029     125     112
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000%  6/15/2030     100     100
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 0.000% 12/15/2030     100      86
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 4.100%  6/15/2031     415     415
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000% 12/15/2032     260     270
  New Jersey Transportation Trust Fund Authority Appropriations Revenue 5.000% 12/15/2034   3,315   3,429
6 New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/2029     100     104
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/2030     125     133
6 New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/2030     100     105
6 New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/2031     100     107
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/2032     125     137
6 New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/2032     100     108
  New Jersey Turnpike Authority Highway Revenue 5.000%   1/1/2033     125     138

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
9 Newark Housing Authority Intergovernmental Agreement Revenue (ADDL-Newark Redevelopment Project) 5.000%   1/1/2032     235     248
  Paterson NJ GO 4.750%   3/1/2027     500     500
  Penns Grove-Carneys Point Regional School District GAN GO 3.750%   7/2/2027     200     201
2 South Jersey Transportation Authority Highway Revenue 5.000%  11/1/2032     550     579
  Tobacco Settlement Financing Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/2028     650     673
  Tobacco Settlement Financing Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/2029     280     289
  Tobacco Settlement Financing Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/2031     310     319
  West Orange GO 5.000%  1/15/2027     270     272
                                 21,054
New Mexico (0.7%)
  Farmington NM Electric Power & Light Revenue (Public Service Co. of New Mexico San Jaun Project) PUT 3.875%   6/1/2029     250     254
  Farmington NM Industrial Revenue (San Juan Project) PUT 3.875%   6/1/2029     410     416
  Farmington NM Industrial Revenue (San Juan Project) PUT 3.875%   6/1/2029     400     406
  Farmington NM Industrial Revenue PUT 3.900%   6/1/2028     300     303
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue 5.000%   8/1/2031     165     168
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue 5.000%   8/1/2031     385     402
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue 5.000%   8/1/2032     275     279
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue 4.000%   8/1/2033     495     491
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue 5.000%   8/1/2033     495     512
  New Mexico Hospital Equipment Loan Council Health, Hospital, Nursing Home Revenue 5.000%   8/1/2034     395     408
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue 4.250%   3/1/2053      85      86
  New Mexico Mortgage Finance Authority Local or Guaranteed Housing Revenue (Single Family Mortgage Program) 5.750%   3/1/2057     200     215
  New Mexico Municipal Energy Acquisition Authority Natural Gas Revenue PUT 5.000%  11/1/2030   1,555   1,637
  New Mexico Severance Tax Permanent Fund Severance Tax Revenue 5.000%   7/1/2027      95      97
  New Mexico Severance Tax Permanent Fund Severance Tax Revenue 5.000%   7/1/2029      80      85
  Santa Fe County NM Local or Guaranteed Housing Revenue PUT 3.290%   6/1/2028     200     200
                                  5,959
New York (9.0%)
  Board of Cooperative Educational Services for the Sole Supervisory District Miscellaneous Revenue RAN 4.250%  6/25/2027     250     252
  Brooklyn Arena Local Development Corp. Miscellaneous Revenue (Barclays Center Project) 5.000%  7/15/2028     200     201
  Broome County Local Development Corp. Health, Hospital, Nursing Home Revenue (Good Shepherd Village at Endwell Inc. Project) 4.000%   7/1/2031     250     250
  Build NYC Resource Corp. Charter School Aid Revenue (Academic Leadership Charter School Project) 4.000%  6/15/2030     100      98
  Build NYC Resource Corp. Charter School Aid Revenue (KIPP NYC Public School Facilities - Canal West Project) 5.000%   7/1/2031     170     180
  Build NYC Resource Corp. Charter School Aid Revenue (KIPP NYC Public School Facilities - Canal West Project) 5.000%   7/1/2032     100     106
  Build NYC Resource Corp. Health, Hospital, Nursing Home Revenue 5.000% 12/15/2031     315     313
4 Build NYC Resource Corp. Health, Hospital, Nursing Home Revenue 5.250% 12/15/2031     315     313
  Cato-Meridian Central School District BAN GO 4.000%  6/30/2027     540     545
  Cortland Enlarged City School District BAN GO 4.000%   7/9/2027     250     252
  Dutchess County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027      60      61
  Dutchess County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030      65      67
  Dutchess County Local Development Corp. Health, Hospital, Nursing Home Revenue 4.000%   7/1/2034     225     225
12 Freddie Mac Pool 3.700%   1/1/2034     247     236
  Geneva Development Corp. College & University Revenue 5.000%   2/1/2027     100     101
  Geneva Development Corp. College & University Revenue 5.000%   2/1/2029     100     105
  Geneva Development Corp. College & University Revenue 5.000%   2/1/2031     115     123
  Hempstead Town Local Development Corp. College & University Revenue (Adelphi University Project) 5.000%   6/1/2027     525     533
  Hempstead Town Local Development Corp. College & University Revenue (Adelphi University Project) 5.000%   6/1/2031     300     317
  Hempstead Town Local Development Corp. College & University Revenue (Adelphi University Project) 5.000%   2/1/2032      75      77
  Hempstead Town Local Development Corp. College & University Revenue (Adelphi University Project) 5.000%   2/1/2034     290     297
  Hempstead Town Local Development Corp. College & University Revenue (Molloy College Project) 5.000%   7/1/2029      25      25
  Huntington NY GO 3.000%  12/1/2030     165     161
  Le Roy Central School District BAN GO 3.750%  6/30/2027     250     252
  Long Island Power Authority Electric Power & Light Revenue PUT 1.500%   9/1/2026     390     390
  Long Island Power Authority Electric Power & Light Revenue PUT 5.000%   9/1/2027     100     101
  Long Island Power Authority Electric Power & Light Revenue PUT 3.000%   9/1/2028     250     249
6 Long Island Power Authority Electric Power & Light Revenue PUT 3.400%   9/1/2030     240     240
  Mcgraw Central School District BAN GO 4.000%  6/24/2027     250     252
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2027     100     103
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2028     135     137
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2028     100     105
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2029     125     127
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2029     135     140
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2029     200     201
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2030     290     293
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2030     220     221

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2030     150     151
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2030     200     216
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2031     425     427
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2031     100     101
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2031     300     309
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2031     475     477
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2031     165     180
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/2032     275     278
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2032     450     452
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2032     100     110
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2032     100     110
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2032     125     126
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2033     100     111
  Metropolitan Transportation Authority Transit Revenue 4.000% 11/15/2034     175     176
  Metropolitan Transportation Authority Transit Revenue 5.000% 11/15/2034     205     210
  Metropolitan Transportation Authority Transit Revenue PUT 5.000%  5/15/2030   2,210   2,339
  Monroe County Industrial Development Corp. Local or Guaranteed Housing Revenue PUT 5.000%   7/1/2027     100     102
  Monroe County NY Industrial Development Corp. College & University Revenue (University of Rochester Project) 3.000%   7/1/2034     450     421
  Monroe County NY Industrial Development Corp. Health, Hospital, Nursing Home Revenue (Rochester Regional Health Project) 5.000%  12/1/2026     100     101
  Monroe County NY Industrial Development Corp. Health, Hospital, Nursing Home Revenue (Rochester Regional Health Project) 5.000%  12/1/2033     105     109
  Monroe County NY Industrial Development Corp. Health, Hospital, Nursing Home Revenue (The Rochester General Hospital Project) 5.000%  12/1/2027     945     950
  Monroe County NY Industrial Development Corp. Health, Hospital, Nursing Home Revenue (The Rochester General Hospital Project) 5.000%  12/1/2032     185     185
  New York City Educational Construction Fund Lease Revenue 5.000%   4/1/2034     120     125
  New York City Health & Hospitals Corp. Health, Hospital, Nursing Home Revenue 5.000%  2/15/2033     100     111
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 3.700%  11/1/2029     145     145
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 3.350%  11/1/2030     175     174
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 3.700%  11/1/2030     100     100
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 3.150%   5/1/2031     770     755
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 3.600%  11/1/2031     300     300
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue 2.700%  11/1/2032      90      84
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue (8 Spruce Street Project) 4.375% 12/15/2031     100     101
7 New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.400% 12/22/2026     230     230
7 New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.400% 12/22/2026     870     870
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.800%   1/3/2028      65      65
7 New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.625%   7/1/2028     985     990
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.700%   7/3/2028     480     484
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 4.300%  11/1/2028     680     687
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.730% 12/29/2028   1,700   1,700
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.400%   1/2/2029     280     280
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.250%   7/2/2029     700     698
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.750%   7/2/2029     375     377
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.950%   7/2/2029     225     227
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.250%   2/1/2030   1,430   1,420
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.125%   7/1/2030     100      98
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2030     730     719
  New York City Housing Development Corp. Local or Guaranteed Housing Revenue PUT 3.100%   2/1/2031     545     532
2 New York City Industrial Development Agency Miscellaneous Revenue (Yankee Stadium Project) PILOT 4.000%   3/1/2031     225     230
2 New York City Industrial Development Agency Recreational Revenue 0.000%   3/1/2030     300     264
2 New York City Industrial Development Agency Recreational Revenue PILOT 0.000%   3/1/2031     135     114
  New York City Municipal Water Finance Authority Water Revenue 5.000%  6/15/2032     710     786
  New York City Municipal Water Finance Authority Water Revenue, ETM 5.000%  6/15/2029     100     106
  New York City Transitional Finance Authority Building Aid Appropriations Revenue 5.000%  7/15/2031      75      76
  New York City Transitional Finance Authority Building Aid Appropriations Revenue 5.000%  7/15/2033     110     112
  New York City Transitional Finance Authority Building Aid Appropriations Revenue 5.000%  7/15/2034     275     279
  New York City Transitional Finance Authority Building Aid Intergovernmental Agreement Revenue 5.000%  7/15/2031     165     181
  New York City Transitional Finance Authority Building Aid Intergovernmental Agreement Revenue 5.000%  7/15/2032     115     128
  New York City Transitional Finance Authority Building Aid Intergovernmental Agreement Revenue 5.000%  7/15/2033     220     246
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/2027     135     138
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/2029      90      95
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2029     100     107
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2029     295     315
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2029     100     107
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/2030     100     107
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 3.000%  11/1/2030     110     109
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2030     100     108

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/2031     280     285
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2031      85      91
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2031     150     164
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2031     140     153
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2031     100     109
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/2032      90      99
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/2032     100     109
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   8/1/2032      75      75
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2032     100     110
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2032     415     456
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2032     100     110
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/2033     115     126
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/2033     110     121
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2033     105     106
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2033   1,000   1,104
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2033     630     695
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%   5/1/2034     210     224
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 4.000%  11/1/2034     365     366
  New York City Transitional Finance Authority Future Tax Secured Income Tax Revenue 5.000%  11/1/2034     310     344
  New York City Trust for Cultural Resources Miscellaneous Revenue 5.000%  12/1/2030     220     238
  New York City Trust for Cultural Resources Miscellaneous Revenue 5.000%  12/1/2032     100     110
  New York City Trust for Cultural Resources Miscellaneous Revenue 4.000%  12/1/2033     315     320
  New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 0.000% 11/15/2029     150     133
  New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2031     105     114
  New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 0.000% 11/15/2032      90      70
  New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2032     100     110
  New York Convention Center Development Corp. Hotel Occupancy Tax Revenue 5.000% 11/15/2033     145     160
  New York Energy Finance Development Corp. Electric Power & Light Revenue PUT 5.000%  12/1/2033   1,025   1,042
  New York Mortgage Agency Homeowner Mortgage Local or Guaranteed Housing Revenue 3.100%   4/1/2031     125     124
  New York Mortgage Agency Homeowner Mortgage Local or Guaranteed Housing Revenue 3.300%  10/1/2032     335     323
  New York Mortgage Agency Homeowner Mortgage Local or Guaranteed Housing Revenue 3.350%   4/1/2033     810     790
  New York Mortgage Agency Homeowner Mortgage Local or Guaranteed Housing Revenue 3.400%  10/1/2033     480     464
  New York Mortgage Agency Homeowner Mortgage Local or Guaranteed Housing Revenue 6.000%  10/1/2055     100     109
  New York Mortgage Agency Homeowner Mortgage Local or Guaranteed Housing Revenue 6.250%  10/1/2056     100     110
  New York Mortgage Agency Local or Guaranteed Housing Revenue 3.400%  10/1/2030     400     389
  New York NY GO 5.000%   8/1/2027      85      87
  New York NY GO 5.000%   8/1/2027     100     101
  New York NY GO 5.000%   8/1/2028     150     156
  New York NY GO 5.000%   8/1/2028     145     148
  New York NY GO 5.000%   8/1/2028     100     100
  New York NY GO 5.000%   8/1/2029      70      70
  New York NY GO 5.000%   8/1/2029     200     212
  New York NY GO 5.000%   8/1/2030     225     225
  New York NY GO 5.000%   8/1/2030     200     209
  New York NY GO 5.000%   8/1/2030     185     198
  New York NY GO 5.000%  10/1/2030      50      53
  New York NY GO 5.000%   8/1/2031     200     216
  New York NY GO 5.000%   8/1/2031     295     318
  New York NY GO 5.000%   8/1/2032     210     228
  New York NY GO 5.000%  10/1/2032   1,220   1,280
  New York NY GO 5.000%  10/1/2032     250     272
  New York NY GO 5.000%   8/1/2033     100     100
  New York NY GO 5.000%   8/1/2033     615     650
  New York NY GO 5.000%   8/1/2033     250     264
  New York NY GO 5.000%   8/1/2033     270     296
  New York NY GO 5.000%  12/1/2033     375     390
  New York NY GO 5.250%   3/1/2034     190     196
  New York NY GO 4.000%   8/1/2034     200     201
  New York NY GO 5.000%   8/1/2034     270     285
  New York NY GO 5.000%   8/1/2034     255     281
2 New York State Dormitory Authority College & University Revenue 5.000%   7/1/2027     150     153
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2028     240     249
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2028     100     100
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2028      75      78
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2029      75      79
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2029     100     102
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2030     100     106
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2031      50      50
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2031      50      51
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2031     100     108

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2031      40      43
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2032     810     867
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2033     975   1,047
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2033     145     153
  New York State Dormitory Authority College & University Revenue 5.250%   5/1/2034      65      71
  New York State Dormitory Authority College & University Revenue 4.000%   7/1/2034     100     100
  New York State Dormitory Authority College & University Revenue 4.000%   7/1/2034     400     402
  New York State Dormitory Authority College & University Revenue 5.000%   7/1/2034     150     158
  New York State Dormitory Authority College & University Revenue (New School Project) 5.000%   7/1/2028     705     710
  New York State Dormitory Authority College & University Revenue (New School Project) 5.000%   7/1/2030     210     211
  New York State Dormitory Authority College & University Revenue (New School Project) 5.000%   7/1/2031     115     116
  New York State Dormitory Authority College & University Revenue (New School Project) 5.000%   7/1/2032     250     251
  New York State Dormitory Authority College & University Revenue (New School Project) 3.250%   7/1/2033     110     104
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2029     165     169
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 3.000%   7/1/2031      60      54
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2031     250     256
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2032     300     305
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2033     105     105
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2033     150     152
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   7/2/2029     325     343
  New York State Dormitory Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/2032     100     110
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/2028     100     104
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/2030     100     107
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/2031     100     109
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/2032     100     110
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/2032     100     110
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/2033     100     111
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/2033     120     133
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/2034     110     110
  New York State Dormitory Authority Income Tax Revenue 5.000%  3/15/2034     655     730
  New York State Dormitory Authority Intergovernmental Agreement Revenue 5.000%  10/1/2030     260     281
2 New York State Dormitory Authority Intergovernmental Agreement Revenue 5.000%  10/1/2031     150     164
2 New York State Dormitory Authority Intergovernmental Agreement Revenue 5.000%  10/1/2031     200     219
2 New York State Dormitory Authority Intergovernmental Agreement Revenue 5.000%  10/1/2032     500     551
2 New York State Dormitory Authority Intergovernmental Agreement Revenue 5.000%  10/1/2033     500     556
  New York State Dormitory Authority Intergovernmental Agreement Revenue 5.000%  10/1/2034     300     306
  New York State Dormitory Authority Intergovernmental Agreement Revenue (School Districts Revenue Bond Financing Program) 5.000%   4/1/2031     270     271
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/2032     100     110
  New York State Dormitory Authority Sales Tax Revenue 5.000%  3/15/2033     100     112
  New York State Energy Research & Development Authority Electric Power & Light Revenue 3.750%  5/15/2032     100     100
  New York State Energy Research & Development Authority Industrial Revenue 3.800%   8/1/2032     100     100
  New York State Environmental Facilities Corp. Water Revenue 4.000%  8/15/2032     150     150
  New York State Housing Finance Agency Income Tax Revenue PUT 3.300% 12/15/2028     225     225
  New York State Housing Finance Agency Income Tax Revenue PUT 3.350%  6/15/2029     575     576
  New York State Housing Finance Agency Income Tax Revenue PUT 3.350% 12/15/2029     200     201
  New York State Housing Finance Agency Income Tax Revenue PUT 3.450% 12/15/2030     200     200
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue 3.625%  11/1/2033     100      97
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.500%   5/1/2027     200     198
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   5/1/2027     215     215
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   5/1/2027     290     290
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.800%   5/1/2027     100     100
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.875%   5/1/2028     380     380
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.650%  11/1/2028     330     330
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 4.500%  11/1/2028     295     296
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.450%   5/1/2029     100     100
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   5/1/2029     420     420
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   5/1/2029     150     150
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.800%   5/1/2029     475     475
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.150%  11/1/2029     290     287
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.450%  11/1/2029     650     650
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.750%  11/1/2029     425     425
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.100%   5/1/2030     205     202
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.150%   5/1/2030     370     365
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.250%   5/1/2030     495     487
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.300%   5/1/2030     325     321
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.500%   5/1/2030     100     100
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.150%  11/1/2030   1,000     990
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.200%  11/1/2030     490     481
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.200%  11/1/2030     100      98

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.200%   5/1/2031     100      98
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.250%   5/1/2031     425     421
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.350%   5/1/2031     750     742
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.250%  11/1/2031     290     287
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.375%  11/1/2031     465     455
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.570%  11/1/2031     425     422
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   4/1/2032     175     174
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.600%   4/1/2032     200     199
  New York State Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.350%  11/1/2032     155     150
  Oneida County Local Development Corp. College & University Revenue (UTICA College Project) 5.000%   7/1/2031     215     215
  Onondaga Central School District BAN GO 4.000%  7/15/2027     250     252
  Onondaga Civic Development Corp. College & University Revenue (Le Moyne College Project) 5.000%   1/1/2029     100     102
  Onondaga Civic Development Corp. College & University Revenue (Le Moyne College Project) 5.000%   7/1/2029     200     207
  Onondaga Civic Development Corp. College & University Revenue (Le Moyne College Project) 5.000%   1/1/2030     205     209
  Onondaga Civic Development Corp. College & University Revenue (Le Moyne College Project) 5.000%   1/1/2031     190     193
  Onondaga Civic Development Corp. College & University Revenue (Le Moyne College Project) 5.000%   7/1/2031      75      78
  Onondaga Civic Development Corp. College & University Revenue (Le Moyne College Project) 5.000%   7/1/2032      70      73
  Onondaga Civic Development Corp. College & University Revenue (Le Moyne College Project) 5.000%   7/1/2032     150     157
  Onondaga Civic Development Corp. College & University Revenue (Le Moyne College Project) 5.000%   7/1/2033      70      72
  Onondaga Civic Development Corp. College & University Revenue (Syracuse University Project) 5.000%  12/1/2029     100     107
  Port Authority of New York & New Jersey Port, Airport & Marina Revenue 5.000%  1/15/2031     100     109
  Rochester NY BAN GO 4.000%  7/29/2027     500     506
  St. Lawrence County Industrial Development Agency College & University Revenue (Clarkson University Project) 5.000%   9/1/2028     200     201
  Suffolk Tobacco Asset Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/2029     250     263
  Suffolk Tobacco Asset Securitization Corp. Tobacco Settlement Funded Revenue 5.000%   6/1/2031     180     195
  Tompkins County Development Corp. College & University Revenue (Ithaca College Project) 5.000%   7/1/2028      40      41
  Tompkins County Development Corp. College & University Revenue (Ithaca College Project) 5.000%   7/1/2034     110     113
  Triborough Bridge & Tunnel Authority Highway Revenue 0.000% 11/15/2031     315     262
  Triborough Bridge & Tunnel Authority Highway Revenue 0.000% 11/15/2032     325     259
  Triborough Bridge & Tunnel Authority Highway Revenue 5.000% 11/15/2033     390     396
  Troy Capital Resource Corp. College & University Revenue 5.000%   9/1/2030      50      53
  Troy Capital Resource Corp. College & University Revenue 5.000%   9/1/2032     100     108
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/2028     580     589
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/2029     250     253
  TSASC Inc. NY Tobacco Settlement Funded Revenue 5.000%   6/1/2030     220     223
6 Vestal NY BAN GO 4.000%   8/6/2027     300     302
6 Vestal NY BAN GO 4.500%   8/6/2027     100     101
  Westchester County Local Development Corp. Health, Hospital, Nursing Home Revenue 5.000%  11/1/2028     100     100
  Westchester County Local Development Corp. Local or Guaranteed Housing Revenue (Purchase Housing Corp. II Project) 5.000%   6/1/2032     200     201
                                 75,053
North Carolina (0.7%)
  Charlotte NC GO 4.000%   7/1/2034     125     124
  Charlotte-Mecklenburg Hospital Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  12/1/2028     200     209
  Charlotte-Mecklenburg Hospital Authority Health, Hospital, Nursing Home Revenue PUT 1.950%  11/1/2029     200     188
  Columbus County Industrial Facilities & Pollution Control Financing Authority Industrial Revenue (International Paper Co. Project) PUT 3.450%  10/1/2031     100      99
  Columbus County Industrial Facilities & Pollution Control Financing Authority Industrial Revenue PUT 3.450%  10/1/2031      50      50
  Durham Housing Authority Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2028     100     100
  Durham Housing Authority Local or Guaranteed Housing Revenue PUT 3.200%   2/1/2029     100     100
  Durham Housing Authority Local or Guaranteed Housing Revenue PUT 3.200%   7/1/2029     100     100
  Harnett County NC Intergovernmental Agreement Revenue 5.000%   4/1/2030     100     107
  Inlivian Local or Guaranteed Housing Revenue (Trella Uptown Project) PUT 3.200%   6/1/2027     100     100
  North Carolina Capital Facilities Finance Agency College & University Revenue 5.000%   5/1/2031     120     129
  North Carolina Capital Facilities Finance Agency College & University Revenue 4.000%   5/1/2033   1,000   1,018
  North Carolina Government Fund/Grant Revenue 5.000%   3/1/2031      50      52
  North Carolina Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%   1/1/2057     100     111
  North Carolina Housing Finance Agency Local or Guaranteed Housing Revenue 6.500%   7/1/2057     125     142
  North Carolina Housing Finance Agency Local or Guaranteed Housing Revenue PUT 4.000%   3/1/2027     250     251
  North Carolina Housing Finance Agency Local or Guaranteed Housing Revenue PUT 5.000%   4/1/2028     150     155
  North Carolina Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.150%   2/1/2029     100     100
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 3.400%  10/1/2029     240     240
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 4.000%   3/1/2030     150     152
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 3.450%  11/1/2030     100      98
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 3.350%   1/1/2031     100      99
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 3.600%   1/1/2031     100      99
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue 3.750%  10/1/2033     110     103
  North Carolina Medical Care Commission Health, Hospital, Nursing Home Revenue PUT 5.000%   6/4/2030     325     344
  North Carolina Turnpike Authority Highway Revenue 5.000%   1/1/2029     370     386

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Raleigh Housing Authority Local or Guaranteed Housing Revenue PUT 3.150%   2/1/2029     100     100
  Scotland County NC Appropriations Revenue 5.000%  12/1/2034     160     166
  Wake County Housing Authority Local or Guaranteed Housing Revenue PUT 5.000%   6/1/2027     240     242
  Wilmington Housing Authority Local or Guaranteed Housing Revenue PUT 2.950%   5/1/2028     100     100
  Winston-Salem NC GO 4.000%   6/1/2030     205     205
                                  5,469
North Dakota (0.2%)
  Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/2027      85      86
  Grand Forks ND Health, Hospital, Nursing Home Revenue 5.000%  12/1/2029      55      57
  North Dakota Housing Finance Agency Local or Guaranteed Housing Revenue 6.000%   7/1/2054     385     411
  North Dakota Housing Finance Agency Local or Guaranteed Housing Revenue 6.000%   1/1/2056     200     217
  North Dakota Housing Finance Agency Local or Guaranteed Housing Revenue 5.750%   7/1/2056     275     297
  North Dakota Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.000%   5/1/2028     225     224
                                  1,292
Ohio (2.6%)
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/2030     100     107
  Akron OH GO 5.000%  12/1/2027     115     118
  Akron OH GO 5.000%  12/1/2029     100     106
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue PUT 5.000%   8/3/2027     150     153
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue PUT 5.000%   6/4/2030     305     324
  American Municipal Power Inc. Electric Power & Light Revenue (AMP Michigan Cat Peaking Project) 5.000%  2/15/2027     210     212
  Bluffton OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031     180     183
  Brunswick OH GO 4.000%  12/1/2031     270     269
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/2027     150     153
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/2031     760     803
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/2034   1,260   1,329
  Butler County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/2028     815     830
  Cincinnati OH Water System Water Revenue 4.000%  12/1/2031     250     251
1 Cleveland State University College & University Revenue 5.000%   6/1/2031     100     108
  Columbus Metropolitan Housing Authority Local or Guaranteed Housing Revenue (Demorest Townhomes II Project) 4.000%   5/1/2034     100      97
  Columbus Metropolitan Housing Authority Local or Guaranteed Housing Revenue (Thornton Hall Project) 4.000%  12/1/2035     100      95
  Columbus-Franklin County Finance Authority Local or Guaranteed Housing Revenue (Dering Family Homes Project) PUT 5.000%   2/1/2027     125     125
  Columbus-Franklin County Finance Authority Local or Guaranteed Housing Revenue PUT 3.190%   6/1/2029     100     100
  Columbus-Franklin County Finance Authority Local or Guaranteed Housing Revenue PUT 3.200%   6/1/2029     100     100
  Cuyahoga County OH Health, Hospital, Nursing Home Revenue 4.000%  2/15/2029      95      94
  Cuyahoga County OH Health, Hospital, Nursing Home Revenue 5.000%  2/15/2032     100     100
  Dayton-Montgomery County Port Authority Local or Guaranteed Housing Revenue (Hom Flats at Forest Project) PUT 3.200%   7/1/2029     100     100
  Franklin County Convention Facilities Authority Hotel Project Industrial Revenue 5.000%  12/1/2033     170     173
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.000%  5/15/2033     150     151
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  8/15/2027     265     271
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   1/1/2030     100     104
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/2030     220     230
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/2031     100     105
  Jonathan Alder Local School District GO 3.000%  12/1/2029     500     491
  Lancaster Port Authority Natural Gas Revenue PUT 5.000%   8/1/2030     440     462
  Little Miami Local School District GO 5.000%  11/1/2031     490     491
  Lorain Metropolitan Housing Authority Local or Guaranteed Housing Revenue PUT 3.100%   4/1/2029     100     100
  Miami County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/2033     100     103
  Middleburg Heights OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/2030     135     141
  Mid-Ohio Water & Sewer District Water Revenue BAN 3.600%  5/26/2027     420     419
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/2027      50      51
  Mount Vernon OH BAN GO 4.500%   6/2/2027     245     246
  Muskingum County OH Health, Hospital, Nursing Home Revenue (Genesis Healthcare System Obligated Group Project) 5.000%  2/15/2033      50      50
  Northeast Ohio Medical University College & University Revenue 5.000%  12/1/2029      50      52
  Ohio Air Quality Development Authority Electric Power & Light Revenue (Duke Energy Corp. Project) PUT 4.000%   6/1/2027     450     452
  Ohio Air Quality Development Authority Electric Power & Light Revenue (First Energy Generation Project) 3.375%   8/1/2029     100      98
  Ohio Air Quality Development Authority Electric Power & Light Revenue (Ohio Valley Electric Corp. Program) 3.250%   9/1/2029     870     861
  Ohio Air Quality Development Authority Electric Power & Light Revenue PUT 3.500%   4/1/2030     105     104
  Ohio GO, ETM 5.000%   8/1/2028      65      68
  Ohio Health, Hospital, Nursing Home Revenue 5.000%  1/15/2027      80      81
  Ohio Health, Hospital, Nursing Home Revenue 5.000% 11/15/2028     125     129
  Ohio Health, Hospital, Nursing Home Revenue 5.000%   1/1/2029     230     241
  Ohio Health, Hospital, Nursing Home Revenue 5.000%   1/1/2032     235     255
  Ohio Health, Hospital, Nursing Home Revenue 5.000% 11/15/2032     350     363
  Ohio Health, Hospital, Nursing Home Revenue PUT 2.750%   5/1/2028      80      79

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Ohio Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2032     870     935
  Ohio Higher Educational Facility Commission College & University Revenue 5.000%  10/1/2030     185     187
  Ohio Higher Educational Facility Commission College & University Revenue 5.000%   4/1/2032      90      90
  Ohio Higher Educational Facility Commission College & University Revenue 6.000%  12/1/2033     275     302
  Ohio Higher Educational Facility Commission College & University Revenue (John Carroll University Project) 5.000%  10/1/2030     360     371
  Ohio Higher Educational Facility Commission College & University Revenue (University Findlay Project) 5.000%   3/1/2028     100     101
  Ohio Higher Educational Facility Commission College & University Revenue (University of Dayton 2018 Project) 4.000%  12/1/2033     600     603
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2020 Project) 5.000%   5/1/2027     100     101
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2020 Project) 5.000%   5/1/2029     140     145
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2020 Project) 5.000%   5/1/2034     195     200
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2024 Project) 5.000%   5/1/2027     200     202
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2024 Project) 5.000%   5/1/2030     270     280
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 5.000%   1/1/2028     565     576
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%   3/1/2055      90      97
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%   3/1/2055     840     908
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%   3/1/2057     430     475
6 Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%   3/1/2057     125     139
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Community Pendleton Project) PUT 3.400%   2/1/2028     475     476
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Marsh Run Homes Project) PUT 3.200%   2/1/2029     335     335
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Mortgage-Backed Securities Program) 3.250%   9/1/2052      90      89
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Mortgage-Backed Securities Program) 6.375%   3/1/2056     100     112
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Nelson Park Apartments Project) PUT 5.000%   3/1/2028     200     206
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Pebble Brooke Apartments Project) PUT 3.350%   7/1/2028     100     100
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Tyler’s Creek Apartments Project) PUT 3.150%   2/1/2030     400     395
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.350%   5/1/2027      85      85
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.680%   7/1/2028     100      99
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.750%  10/1/2028     100      99
  Ohio Water Development Authority Water Revenue 5.000%  12/1/2029     115     122
  Scioto County OH Health, Hospital, Nursing Home Revenue 5.000%  2/15/2028      50      50
  Scioto County OH Health, Hospital, Nursing Home Revenue 3.000%  2/15/2031      60      58
  Scioto County OH Health, Hospital, Nursing Home Revenue 5.000%  2/15/2032     155     155
1 Summit County Development Finance Authority Local or Guaranteed Housing Revenue (PRG - Akron Properties LLC – The University of Akron Project) 5.000%   7/1/2033     100     107
  Summit County Development Finance Authority Local or Guaranteed Housing Revenue PUT 2.800%   4/1/2029     250     247
  Toledo-Lucas County Port Authority Auto Parking Revenue (University of Toledo Parking Project) 4.000%   1/1/2033     275     275
  University of Akron College & University Revenue 5.000%   1/1/2027     155     155
  University of Akron College & University Revenue 5.000%   1/1/2029      95      95
  University of Akron College & University Revenue 5.000%   1/1/2030      95     100
  University of Akron College & University Revenue 5.000%   1/1/2033     235     235
  University of Akron College & University Revenue, ETM 5.000%   1/1/2030       5       5
3,4 University of Toledo College & University Revenue, 70% of SOFR + 0.900% 3.448%   6/1/2036     100      99
                                 21,539
Oklahoma (0.7%)
  Canadian County Educational Facilities Authority Lease (Appropriation) Revenue (Yukon Public School Project) 5.000%   9/1/2029     620     652
  Cleveland Educational Facilities Authority Lease (Appropriation) Revenue (Cleveland Public School Project) 5.000%   9/1/2028     210     217
  Cleveland Educational Facilities Authority Lease (Appropriation) Revenue (Cleveland Public School Project) 5.000%   9/1/2029     130     136
  Clinton Public Works Authority Lease (Appropriation) Revenue (Clinton Public School Project) 5.000%  10/1/2032     380     405
  Lawton IDA Intergovernmental Agreement Revenue 5.000%   7/1/2032     100     108
  Oklahoma Agricultural & Mechanical College & University Revenue 4.000%   7/1/2034     425     425
  Oklahoma Capitol Improvement Authority Lease (Appropriation) Revenue 5.000%   7/1/2028     100     104
  Oklahoma Capitol Improvement Authority Lease (Appropriation) Revenue 5.000%   7/1/2030     165     177
  Oklahoma Capitol Improvement Authority Lease Revenue (Capitol Repair Project) 5.000%   1/1/2030      80      81
  Oklahoma City Public Property Authority Sales Tax Revenue 5.000%   6/1/2029     115     122
  Oklahoma City Public Property Authority Sales Tax Revenue 5.000%   6/1/2030     275     295
  Oklahoma City Public Property Authority Sales Tax Revenue 5.000%   6/1/2031     290     315
  Oklahoma City Public Property Authority Sales Tax Revenue 5.000%   6/1/2032     170     186
  Oklahoma City Public Property Authority Sales Tax Revenue 5.000%   6/1/2033     120     132
  Oklahoma City Public Property Authority Sales Tax Revenue 5.000%   6/1/2034     105     116
  Oklahoma County Finance Authority Lease (Appropriation) Revenue 5.000%   9/1/2030     100     103
  Oklahoma County Independent School District No. 12 Edmond GO 4.000%   8/1/2028     500     512
6 Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue (Home Ownership Loan Program) 6.500%   3/1/2058     220     249
  Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue (Homeownership Loan Program) 6.000%   9/1/2057     200     221
  Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue (Villages at Rose Hill Project) PUT 3.125%   6/1/2029     100     100
  Oklahoma Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.000%   4/1/2029     100      99
2 Oklahoma Municipal Power Authority Electric Power & Light Revenue 5.000%   1/1/2032     100     109

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Stephens County Educational Facilities Authority Lease (Appropriation) Revenue (Marlow Public Schools Project) 5.000%   9/1/2031     250     264
  Tulsa County Industrial Authority Health, Hospital, Nursing Home Revenue (Montereau Inc. Project) 4.000% 11/15/2027     290     290
  Tulsa County Industrial Authority Lease (Appropriation) Revenue (Owasso Public Schools Project) 5.000%   9/1/2031     100     109
  Tulsa County Industrial Authority Lease (Appropriation) Revenue (Owasso Public Schools Project) 5.000%   9/1/2032     100     109
  University of Oklahoma College & University Revenue 5.000%   7/1/2028     100     104
1 University of Oklahoma College & University Revenue 5.000%   7/1/2029     100     106
1 University of Oklahoma College & University Revenue 5.000%   7/1/2030     115     124
                                  5,970
Oregon (0.7%)
  Medford Hospital Facilities Authority Health, Hospital, Nursing Home Revenue (Asante Project) 5.000%  8/15/2033     130     137
  Medford Hospital Facilities Authority Health, Hospital, Nursing Home Revenue (Asante Project) 5.000%  8/15/2034     325     341
  Oregon (Article XI-M Seismic Projects) GO 5.000%   6/1/2031     155     158
  Oregon (Article Xi-Q State Project) GO 5.000%   5/1/2031     150     163
  Oregon GO 6.250%   6/1/2056     290     325
  Oregon Health & Science University Health, Hospital, Nursing Home Revenue 5.000%   7/1/2033     275     275
  Oregon Health & Science University Health, Hospital, Nursing Home Revenue PUT 5.000%   2/1/2030     250     263
  Oregon Health & Science University Health, Hospital, Nursing Home Revenue PUT 5.000%   2/1/2032     580     620
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue 4.750%   1/1/2050      35      35
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue 4.000%   7/1/2051     180     181
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue 5.500%   7/1/2055     285     305
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue 6.250%   7/1/2055     100     110
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue 6.250%   7/1/2056     100     112
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue (Hollywood Hub Apartments Project) PUT 4.000%   1/1/2029     475     480
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue (Verde Pines Project) PUT 3.100%   2/1/2028     100     100
  Oregon Housing & Community Services Department Local or Guaranteed Housing Revenue PUT 3.125%   7/1/2028     100     100
  Oregon State Business Development Commission Industrial Revenue (Intel Corp. Project) PUT 3.800%  6/15/2028     310     313
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (Legacy Health Project) 5.000%   6/1/2028     525     526
  Oregon State Facilities Authority Health, Hospital, Nursing Home Revenue (PeaceHealth Project) 4.125% 11/15/2032      70      70
  Oregon State Lottery Revenue 5.000%   4/1/2029     100     106
  Oregon State Lottery Revenue 5.000%   4/1/2031     100     109
  Oregon Tri-County Metropolitan Transportation District Government Fund/Grant Revenue 5.000%  10/1/2028     350     362
  Portland OR Sewer System Sewer Revenue 4.500%   5/1/2032     105     105
  Portland OR Water System Water Revenue 4.000%   4/1/2033     100     100
  Salem Hospital Facility Authority Health, Hospital, Nursing Home Revenue (Salem Health Projects) 5.000%  5/15/2028     155     160
  Salem Hospital Facility Authority Health, Hospital, Nursing Home Revenue (Salem Health Projects) 5.000%  5/15/2032     150     150
  Washington & Multnomah Counties School District No. 48J Beaverton GO 0.000%  6/15/2032     125     101
  Washington Clackamas & Yamhill Counties School District No. 88J GO 5.000%  6/15/2029      50      52
                                  5,859
Pennsylvania (5.5%)
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/2030     175     184
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/2033     160     167
  Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/2034     135     141
3 Allegheny County Hospital Development Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap Index Yield + 0.700% 2.860% 11/15/2047     970     964
  Allegheny County PA GO 4.000%  11/1/2034     105     106
2 Allegheny County Sanitary Authority Sewer Revenue 4.000%  12/1/2033     245     245
  Allentown Neighborhood Improvement Zone Development Authority Sales Tax Revenue 5.000%   5/1/2027      50      51
  Bethel Park School District GO 5.000%   8/1/2029     100     106
  Bethel Park School District GO 5.000%   8/1/2031     100     108
  Bethlehem Redevelopment Authority College & University Revenue (Moravian University Project) 5.000%  10/1/2031     215     227
  Borough of Lansdale PA GO 3.000%  12/1/2033     285     266
2 Brentwood PA School District GO 5.000%  5/15/2028     170     176
2 Butler Area School District GO 5.000%  10/1/2031     100     108
2 Butler Area School District GO 5.000%  10/1/2033     100     110
  Butler County Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028     300     300
  Chester County Health & Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2031     460     468
  Chester County Health & Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2032     545     554
  Chester County Health & Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2033     245     249
  Chester County Health & Education Facilities Authority Miscellaneous Revenue 3.000%  11/1/2029     105     102
1 Chichester School District GO 5.000%  9/15/2034   1,405   1,477
  Clairton Municipal Authority Sewer Revenue 5.000%  12/1/2030     650     682
  Commonwealth Financing Authority Appropriations Revenue 5.000%   6/1/2032      75      75
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/2029     100     104
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/2030     690     714
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/2031     720     746
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/2032     400     413

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/2033     545     562
  Commonwealth Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/2034     320     329
  Commonwealth of Pennsylvania GO 5.000%  8/15/2027     250     256
  Commonwealth of Pennsylvania GO 5.000%   1/1/2028      55      56
  Commonwealth of Pennsylvania GO 5.000%   9/1/2028     125     131
  Commonwealth of Pennsylvania GO 5.000%  8/15/2030     100     108
  Commonwealth of Pennsylvania GO 5.000%  8/15/2031     200     218
  Commonwealth of Pennsylvania GO 5.000%  8/15/2032     100     110
  Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2028     100     104
  Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2029     150     158
  Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue 5.000%  11/1/2034     175     182
  Cumberland County Municipal Authority Health, Hospital, Nursing Home Revenue (Messiah Village Project) 5.000%   6/1/2030     120     125
  Delaware River Joint Toll Bridge Commission Highway Revenue 5.000%   7/1/2031     500     545
  Delaware River Joint Toll Bridge Commission Highway Revenue 5.000%   7/1/2032     500     550
3 Delaware Valley Regional Finance Authority Intergovernmental Agreement Revenue, 67% of SOFR + 0.490% 2.935%   3/1/2057     495     495
  DuBois Hospital Authority Health, Hospital, Nursing Home Revenue 5.000%  7/15/2027      75      75
  Easton Area School District GO 5.000%   2/1/2031     655     668
  Easton Area School District GO 4.000%   4/1/2032     235     236
  Easton Area School District GO 4.000%   4/1/2033     650     651
2 Erie School District GO 5.000%   4/1/2029   1,060   1,113
  Exeter Township School District GO 5.000%   9/1/2031     300     319
  Geisinger Authority Health, Hospital, Nursing Home Revenue 5.000%  2/15/2032     375     379
  Geisinger Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  2/15/2027     975     976
  Geisinger Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   4/1/2030     260     273
  General Authority of Southcentral Pennsylvania College & University Revenue (AICUP Financing Program - York College Program) 5.000%  11/1/2033      70      71
  Lackawanna County IDA College & University Revenue 5.000%  11/1/2029      50      51
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Brethren Village Project) 4.125%   7/1/2027     100     100
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Brethren Village Project) 4.250%   7/1/2029     225     223
  Lancaster County PA Hospital Authority Health, Hospital, Nursing Home Revenue (Masonic Villages Project) 5.000%  11/1/2030     130     138
  Lehigh County Authority Water Revenue 0.000%  12/1/2029     100      89
  Lehigh County General Purpose Authority College & University Revenue (Muhlenberg College Project) 5.000%   2/1/2028     160     164
  Lehigh County General Purpose Authority College & University Revenue (Muhlenberg College Project) 5.000%   2/1/2030     250     251
  Lehigh County General Purpose Authority Health, Hospital, Nursing Home Revenue 4.000%  11/1/2031     105     104
  Lehigh County PA Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028     125     129
  Lehigh County PA Health, Hospital, Nursing Home Revenue 5.000%  8/15/2028     100     104
  Lehigh County PA Health, Hospital, Nursing Home Revenue 5.000%  8/15/2031     100     107
  Monroe County PA IDA Tax Increment/Allocation Revenue (Tobyhanna Township Project) 5.000%   7/1/2031      90      92
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2031     150     154
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2033     115     118
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 5.000%   9/1/2032     300     311
  Montgomery County Higher Education & Health Authority Health, Hospital, Nursing Home Revenue (Thomas Jefferson University Project) 4.000%   9/1/2034     120     120
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue 3.000%  12/1/2030     140     135
  Montgomery County PA IDA Health, Hospital, Nursing Home Revenue (Waverly Heights Ltd. Project) 4.000%  12/1/2029     100     101
  Montgomery County PA IDA Industrial Revenue 4.100%   6/1/2029     200     205
  Montgomery County PA IDA Industrial Revenue PUT 4.100%   4/3/2028     415     423
  Mount Lebanon Hospital Authority Health, Hospital, Nursing Home Revenue (St. Clair Memorial Hospital Project) 5.000%   7/1/2031     215     221
  Mount Lebanon Hospital Authority Health, Hospital, Nursing Home Revenue (St. Clair Memorial Hospital Project) 5.000%   7/1/2032     155     159
  New Wilmington Municipal Authority College & University Revenue (Westminster College Project) 4.000%   5/1/2033     100      95
2 Norristown Area School District GO 4.000%   9/1/2033     585     586
  Northampton County General Purpose Authority College & University Revenue 5.000%  10/1/2027      50      50
  Northampton County General Purpose Authority College & University Revenue 5.000%  10/1/2030      70      70
  Northampton County General Purpose Authority College & University Revenue 5.000%  10/1/2031     150     150
  Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2030     100     106
  Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2031     205     220
  Northampton County General Purpose Authority Health, Hospital, Nursing Home Revenue (St. Lukes Hospital-Monroe Project) 3.000%  8/15/2033     105     100
  Pennsbury School District GO 4.000%   8/1/2034     500     500
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  3/15/2027     525     531
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  4/15/2029     150     158
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  6/15/2031     250     268
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  3/15/2032      80      80
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue 4.000%  3/15/2033     100     100
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  3/15/2030     305     320
  Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  3/15/2032     360     385

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
3 Pennsylvania Economic Development Financing Authority Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap Index Yield + 0.700% 2.860% 11/15/2047     180     180
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/2028     150     153
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/2029     100     102
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%  6/15/2030     145     152
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 3.250%  11/1/2030      50      47
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%  6/15/2031     200     200
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/2032     875     886
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   9/1/2032     100     100
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/2033     500     506
  Pennsylvania Higher Educational Facilities Authority College & University Revenue 5.000%   5/1/2033     195     206
  Pennsylvania Higher Educational Facilities Authority College & University Revenue, ETM 5.000%  6/15/2029      90      94
6 Pennsylvania Higher Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2028     110     112
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.250%  10/1/2028     250     250
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 3.000%  10/1/2052     175     169
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.000%  10/1/2052     315     325
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 5.500%  10/1/2053     499     522
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%  10/1/2053     860     920
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 6.000%  10/1/2054     175     187
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%  10/1/2054     485     523
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%  10/1/2055     150     167
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%  10/1/2055     249     277
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 6.500%  10/1/2055      98     110
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%  10/1/2056     100     110
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue 6.500%  10/1/2056     165     187
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.650%   9/1/2028     100      98
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2029     100      99
  Pennsylvania Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2029     210     209
  Pennsylvania Turnpike Commission Highway Revenue 0.000%  12/1/2028     100      93
  Pennsylvania Turnpike Commission Highway Revenue 0.000%  12/1/2029      60      54
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/2030     150     154
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/2031     110     113
  Pennsylvania Turnpike Commission Highway Revenue 5.000%  12/1/2035     310     329
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 5.000%  12/1/2027     200     201
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 5.000%  12/1/2030     160     161
  Pennsylvania Turnpike Commission Oil Franchise Tax & Business License Fees Revenue 5.000%  12/1/2031     130     131
  Philadelphia Authority for Industrial Development Intergovernmental Agreement Revenue 5.000%   5/1/2033     185     190
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%  10/1/2027     250     251
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%  10/1/2028      85      85
  Philadelphia Gas Works Co. Natural Gas Revenue 5.000%   8/1/2033     140     142
  Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028     955     964
  Philadelphia Hospitals & Higher Education Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029      50      50
  Philadelphia IDA College & University Revenue 5.000%  11/1/2027   1,250   1,279
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/2033     110     112
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/2034     515     523
  Philadelphia IDA Health, Hospital, Nursing Home Revenue 5.000%   9/1/2035     110     111
  Philadelphia PA GO 5.000%   5/1/2033   1,330   1,429
  Philadelphia PA GO 5.000%   8/1/2033     130     132
  Philadelphia PA Water & Wastewater Water Revenue 4.000%  10/1/2031     405     405
  Pittsburgh & Allegheny County Sports & Exhibition Authority Auto Parking Revenue 5.000% 12/15/2030   1,135   1,158
2 Pittsburgh Water & Sewer Authority Water Revenue 5.000%   9/1/2026     145     145
2,3,4 Pittsburgh Water & Sewer Authority Water Revenue, 70% of SOFR + 0.800% 3.355%   9/1/2040     100     100
  School District of Philadelphia GO 5.000%   9/1/2027     100     102
  School District of Philadelphia GO 5.000%   9/1/2027     300     301
  School District of Philadelphia GO 5.000%   9/1/2029     450     451
  School District of Philadelphia GO 5.000%   9/1/2030     150     158
  School District of Philadelphia GO 5.000%   9/1/2030     100     100
  School District of Philadelphia GO 5.000%   9/1/2031     120     124
  School District of Philadelphia GO 5.000%   9/1/2032     280     289
  Scranton PA GO 5.000%   9/1/2028   1,275   1,295
  Scranton-Lackawanna Health & Welfare Authority College & University Revenue 5.000%  11/1/2027     210     215
  Souderton Area School District GO 4.000%   9/1/2033   1,515   1,527
  State Public School Building Authority College & University Revenue 5.000%  6/15/2028     100     104
1 State Public School Building Authority College & University Revenue 5.000%  10/1/2030     290     309
1 State Public School Building Authority College & University Revenue (Delaware County Community College Project) 5.000%  10/1/2030     105     112
2 Trinity Area School District GO 5.000%  11/1/2032     200     220
  Upper Providence Township PA GO 1.500%   5/1/2027      90      88
  Washington County PA IDA College & University Revenue (Aicup Financing Program) 5.000%  11/1/2027     160     162
  Westmoreland County PA IDA Health, Hospital, Nursing Home Revenue (Excela Health Project) 5.000%   7/1/2027      75      76

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  York County PA IDA Industrial Revenue (Philadelphia Electric Co. Project) PUT 4.100%   4/3/2028      50      51
                                 45,638
Puerto Rico (0.7%)
  Commonwealth of Puerto Rico GO 5.625%   7/1/2027     546     557
  Commonwealth of Puerto Rico GO 5.625%   7/1/2029     447     472
  Commonwealth of Puerto Rico GO 5.750%   7/1/2031     659     711
  Commonwealth of Puerto Rico GO 4.000%   7/1/2033   1,200   1,200
  Commonwealth of Puerto Rico GO 4.000%   7/1/2035     141     140
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2028     250     258
  Puerto Rico Housing Finance Authority Lease (Appropriation) Revenue (Puerto Rico Public Housing Project) 5.000%  12/1/2026     170     171
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2027     140     142
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028     160     164
  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031     215     225
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2027     135     131
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2029     796     721
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2031   1,064     901
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2031      17      14
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2033     522     407
                                  6,214
Rhode Island (0.3%)
  Rhode Island Health & Educational Building Corp. College & University Revenue 5.000%  11/1/2029     120     127
  Rhode Island Health & Educational Building Corp. College & University Revenue 5.000%  11/1/2030     510     546
  Rhode Island Health & Educational Building Corp. College & University Revenue 5.000%  11/1/2031     155     168
  Rhode Island Health & Educational Building Corp. Health, Hospital, Nursing Home Revenue 5.000%  5/15/2031     475     505
  Rhode Island Health & Educational Building Corp. Intergovernmental Agreement Revenue (Public Schools Revenue Bond Financing Program) 5.000%  5/15/2031     150     163
  Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue 3.300%   4/1/2028     100     100
  Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue 3.000%  10/1/2051      25      25
  Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue 6.250%  10/1/2055     100     110
7 Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue PUT 3.200%  10/1/2027     100     100
  Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue PUT 3.350%  10/1/2027     200     200
7 Rhode Island Housing & Mortgage Finance Corp. Local or Guaranteed Housing Revenue PUT 3.600%  10/1/2027     410     410
                                  2,454
South Carolina (1.2%)
  Aiken County SC Consolidated School District Special Obligation Revenue 4.000%   6/1/2034     155     157
  Charleston SC Housing Authority Local or Guaranteed Housing Revenue 4.500%   9/1/2035     100      99
  Lexington County Health Services District Inc. Health, Hospital, Nursing Home Revenue 4.000%  11/1/2031     510     513
  Lexington County Health Services District Inc. Health, Hospital, Nursing Home Revenue 4.000%  11/1/2032     150     150
7 Medical University Hospital Authority Health, Hospital, Nursing Home Revenue (Indian Land Project) 5.000%  5/15/2029     120     126
7 Medical University Hospital Authority Health, Hospital, Nursing Home Revenue (Indian Land Project) 5.000%  5/15/2030     105     112
7 Medical University Hospital Authority Health, Hospital, Nursing Home Revenue (Nexton Project) 5.000% 11/15/2029     100     106
  Patriots Energy Group Financing Agency Natural Gas Revenue PUT 5.250%   3/1/2031     360     383
  Patriots Energy Group Financing Agency Natural Gas Revenue PUT 5.250%   8/1/2031   1,320   1,397
  Piedmont Municipal Power Agency Nuclear Revenue 4.000%   1/1/2031     500     506
  Piedmont Municipal Power Agency Nuclear Revenue 5.000%   1/1/2032     150     151
  Piedmont Municipal Power Agency Nuclear Revenue 5.000%   1/1/2032     450     478
  Piedmont Municipal Power Agency Nuclear Revenue 5.000%   1/1/2033     215     216
  Piedmont Municipal Power Agency Nuclear Revenue 5.000%   1/1/2034     785     789
  Rock Hill SC Combined Utility System Water Revenue 5.000%   1/1/2028     100     103
  Rock Hill SC Combined Utility System Water Revenue 5.000%   1/1/2030     100     106
  SCAGO Educational Facilities Corp. for Pickens School District Intergovernmental Agreement Revenue 5.000%  12/1/2027     135     139
  SCAGO Educational Facilities Corp. for Pickens School District Intergovernmental Agreement Revenue 5.000%  12/1/2031     100     109
  South Carolina Jobs-Economic Development Authority College & University Revenue 5.000%   9/1/2030     150     154
  South Carolina Jobs-Economic Development Authority College & University Revenue 5.000%   9/1/2030     100     103
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/2029      55      57
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   5/1/2033     280     287
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue (Rolling Green Village Project) 4.250%  12/1/2031     100     100
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/2030     100     107
  South Carolina Jobs-Economic Development Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/2032     450     488
  South Carolina Public Service Authority Nuclear Revenue 5.000%  12/1/2029      55      55
  South Carolina Public Service Authority Nuclear Revenue 5.000%  12/1/2032     125     126
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue 6.000%   7/1/2027     150     154
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue 6.000%   7/1/2030     150     165
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue 5.000%   1/1/2031      50      54
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue 6.250%   1/1/2056     140     155

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue 6.000%   7/1/2056   1,140   1,249
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue (573 Meeting Street Project) PUT 3.000%   4/1/2027      75      75
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue PUT 3.150%  11/1/2028     500     499
  South Carolina State Housing Finance & Development Authority Local or Guaranteed Housing Revenue PUT 3.250%   2/1/2030     100      99
  South Carolina Transportation Infrastructure Bank Fuel Sales Tax Revenue 4.000%  10/1/2031     780     779
                                 10,346
South Dakota (0.3%)
2 Lawrence County SD COP 5.000%  12/1/2030     130     140
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2031     330     335
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/2029     955     999
  South Dakota Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  11/1/2032     370     396
  South Dakota Housing Development Authority Local or Guaranteed Housing Revenue 6.000%  11/1/2056     100     111
  South Dakota State Building Authority Lease (Appropriation) Revenue 4.000%   6/1/2028     125     128
  South Dakota State Building Authority Lease (Appropriation) Revenue 4.000%   6/1/2033     100     100
                                  2,209
Tennessee (2.7%)
  Chattanooga Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   8/1/2032     455     474
  Chattanooga Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   8/1/2033      80      83
  Chattanooga Health Educational & Housing Facility Board Local or Guaranteed Housing Revenue (Espero Chatanooga Project) PUT 3.000%  11/1/2027      80      80
  Chattanooga Health Educational & Housing Facility Board Local or Guaranteed Housing Revenue (One Westside Phase 2B Project) PUT 2.950%   5/1/2029     100      99
  Dickson TN Health & Educational Facilities Board Local or Guaranteed Housing Revenue PUT 3.000%   4/1/2027     280     280
  Dickson TN Health & Educational Facilities Board Local or Guaranteed Housing Revenue PUT 3.050%   4/1/2029     100      99
  Jackson TN Health, Hospital, Nursing Home Revenue 5.000%   4/1/2031     165     169
  Johnson City Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030     105     111
  Johnson City Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031     960   1,025
  Kingsport Tennessee Industrial Development Board Local or Guaranteed Housing Revenue (Stonecrest Apartments Project) PUT 2.950%   9/1/2028     100      99
  Knox County Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   9/1/2028      50      50
  Knox County Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000% 11/15/2029     255     266
  Knox County Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   4/1/2030     240     241
  Knox County Health Educational & Housing Facility Board Health, Hospital, Nursing Home Revenue 5.000%   4/1/2031      50      50
  Knox County Health Educational & Housing Facility Board Local or Guaranteed Housing Revenue (The Pines Apartments Project) PUT 3.100%   9/1/2027      90      90
4 Knoxville Industrial Development Board Local or Guaranteed Housing Revenue (Maplehurst Park Apartments Project) 4.250%  11/1/2030     100      99
  Knoxville's Community Development Corp. Local or Guaranteed Housing Revenue PUT 3.150%   5/1/2029     890     887
  Knoxville's Community Development Corp. Local or Guaranteed Housing Revenue PUT 3.050%   9/1/2029     100      99
  Memphis Health Educational & Housing Facility Board Local or Guaranteed Housing Revenue (Greenbriar Apartments Project) PUT 3.550%   6/1/2027     325     326
  Memphis TN GO 4.000%   5/1/2032     105     106
  Memphis TN GO 5.000%   5/1/2033   1,370   1,473
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board College & University Revenue 5.000%   5/1/2028      70      72
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board College & University Revenue (Lipscomb University Project) 5.000%  10/1/2029     250     250
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board College & University Revenue (Trevecca Nazarene University Project) 4.000%  10/1/2026     100     100
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029     855     898
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/2029     115     121
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032     200     216
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   7/1/2034     160     175
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Local or Guaranteed Housing Revenue 5.000%   5/1/2030     275     291
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Local or Guaranteed Housing Revenue (Burning Tree Apartments Project) PUT 5.000%  10/1/2027     280     286
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Local or Guaranteed Housing Revenue (Park Point Project) PUT 3.500%   2/1/2028     495     496
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Local or Guaranteed Housing Revenue PUT 3.150%  12/1/2027     300     300
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Local or Guaranteed Housing Revenue PUT 3.650%   7/1/2028     125     126
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Local or Guaranteed Housing Revenue PUT 3.200%  12/1/2029     455     455

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Local or Guaranteed Housing Revenue PUT 3.050%   7/1/2030     100      98
  Metropolitan Government Nashville & Davidson County Industrial Development Board Local or Guaranteed Housing Revenue (Trinity Lane Apartments Project) PUT 3.150%   7/1/2029     100     100
  Metropolitan Nashville Airport Authority Port, Airport & Marina Revenue 5.000%   7/1/2034     275     290
  Murfreesboro TN GO 4.000%   6/1/2028     100     100
  Nashville & Davidson County TN Metropolitan Government GO 5.000%   1/1/2031     465     506
  Nashville & Davidson County TN Metropolitan Government GO 5.000%   1/1/2033     285     316
  Nashville & Davidson County TN Metropolitan Government Water & Sewer Water Revenue 5.000%   7/1/2030     295     300
  Oak Ridge Housing Authority Local or Guaranteed Housing Revenue PUT 3.200%  12/1/2028     100     100
  Rutherford County Health & Educational Facilities Board Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2030   1,650   1,760
  Shelby County Health Educational & Housing Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   5/1/2027     100     101
  Shelby County Health Educational & Housing Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   5/1/2028     125     126
2 Shelby County Health Educational & Housing Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   6/1/2030     305     323
  Shelby County Health Educational & Housing Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   5/1/2031     280     282
  Shelby County Health Educational & Housing Facilities Board Health, Hospital, Nursing Home Revenue 5.000%   9/1/2032     145     156
  Shelby County Health Educational & Housing Facilities Board Health, Hospital, Nursing Home Revenue PUT 5.000%   9/1/2030     100     105
  Shelby County TN GO 5.000%   4/1/2027     140     142
  Tennergy Corp. TN Natural Gas Revenue PUT 4.000%   9/1/2028   1,805   1,818
  Tennergy Corp. TN Natural Gas Revenue PUT 5.000%  12/1/2029   1,655   1,729
  Tennergy Corp. TN Natural Gas Revenue PUT 5.500%  12/1/2030   1,440   1,517
  Tennessee Energy Acquisition Corp. Natural Gas Revenue 5.250%   9/1/2026     205     205
  Tennessee Energy Acquisition Corp. Natural Gas Revenue 5.000%   2/1/2027     200     201
  Tennessee Energy Acquisition Corp. Natural Gas Revenue (Gas Project) 5.000%  11/1/2034     900     944
  Tennessee Energy Acquisition Corp. Natural Gas Revenue (Gas Project) PUT 5.000%   5/1/2028     420     430
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue 3.550%   7/1/2031     180     180
  Tennessee Housing Development Agency Local or Guaranteed Housing Revenue (Residential Finance Program) 2.450%   7/1/2030      70      67
  Williamson County Industrial Development Board Local or Guaranteed Housing Revenue PUT 5.000%   5/1/2027     400     402
                                 22,290
Texas (10.9%)
  Alamo Area Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.000%  12/1/2028     100      99
13 Aldine Independent School District GO 5.000%  2/15/2032     100     109
13 Aldine Independent School District GO 4.000%  2/15/2033     100     100
13 Angleton Independent School District GO 3.000%  2/15/2029   1,105   1,094
13 Argyle Independent School District GO PUT 4.000%  8/15/2027     275     278
13 Arlington Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/2030      25      27
  Austin Affordable Pfc Inc. Local or Guaranteed Housing Revenue PUT 2.950%   5/1/2029     275     272
  Austin Community College District Public Facility Corp. Lease (Appropriation) Revenue 5.000%   8/1/2028     100     104
  Austin Convention Enterprises Inc. Economic Development Revenue 5.000%   1/1/2030     155     155
  Austin Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.400%  11/1/2027     500     502
13 Austin Independent School District GO 5.000%   8/1/2028     100     104
13 Austin Independent School District GO 4.000%   8/1/2033     950     957
  Austin TX Electric Utility Electric Power & Light Revenue 5.000% 11/15/2029     100     106
  Austin TX GO 5.000%   9/1/2027     100     103
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/2032     155     170
  Austin TX Water & Wastewater System Water Revenue 5.000% 11/15/2033     170     188
13 Barbers Hill Independent School District GO 4.000%  2/15/2034     545     548
  Bastrop TX GO 5.000%   8/1/2033     460     503
13 Belton Independent School District GO 4.000%  2/15/2033     110     110
  Bexar County Hospital District GO 5.000%  2/15/2031     100     108
  Bexar County TX Miscellaneous Taxes Revenue (Tax-Exempt Venue Project) 4.000%  8/15/2034     300     302
  Bexar Management & Development Corp. Local or Guaranteed Housing Revenue PUT 2.650%   3/1/2028     100      99
  Bexar Management & Development Corp. Local or Guaranteed Housing Revenue PUT 3.020%   5/1/2028     145     145
13 Boerne Independent School District GO PUT 3.125%   2/1/2027     915     915
13 Boerne Independent School District GO PUT 4.000%   2/1/2028     570     578
13 Brazosport Independent School District GO 4.000%  2/15/2033     975     976
  Bryan TX Electric System Electric Power & Light Revenue 4.000%   7/1/2032     150     150
13 Burleson Independent School District GO 5.000%   8/1/2028     100     104
  Central Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/2029     100     105
  Central Texas Regional Mobility Authority Highway Revenue 4.000%   1/1/2033     135     137
  Central Texas Regional Mobility Authority Miscellaneous Revenue 5.000%   1/1/2028     100     103
  Central Texas Regional Mobility Authority Miscellaneous Revenue 5.000%   1/1/2030     100     106
  Central Texas Turnpike System Highway Revenue PUT 5.000%  8/15/2030   1,360   1,436
  Clifton Higher Education Finance Corp. Charter School Aid Revenue 5.000%  8/15/2030     120     125
13 Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/2033     150     150
13 Clifton Higher Education Finance Corp. Charter School Aid Revenue 4.000%  8/15/2033     140     140
  Coastal Water Authority Water Revenue 4.000% 12/15/2033     100     100
  Colorado River Municipal Water District Water Revenue 5.000%   1/1/2028      75      77
  Corpus Christi TX GO 5.000%   3/1/2030     100     106

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Corpus Christi TX GO 5.000%   3/1/2032     100     108
  Corpus Christi TX Utility System Multiple Utility Revenue 5.000%  7/15/2030     335     346
  Corpus Christi TX Utility System Multiple Utility Revenue 5.000%  7/15/2031     460     474
  Corpus Christi TX Utility System Multiple Utility Revenue 5.000%  7/15/2034     935     978
  Corpus Christi TX Utility System Water Revenue 5.000%  7/15/2029     180     189
  Corpus Christi TX Utility System Water Revenue 5.000%  7/15/2031   1,175   1,259
2 Corpus Christi TX Utility System Water Revenue 5.000%  7/15/2033     750     816
13 Crockett County Consolidated Common School District No. 1 GO 4.000%  8/15/2032     380     384
13 Crowley Independent School District GO 5.000%   2/1/2033     100     110
13 Cypress-Fairbanks Independent School District GO 5.000%  2/15/2029     250     263
13 Cypress-Fairbanks Independent School District GO 5.000%  2/15/2030     250     267
  Dallas Area Rapid Transit Sales Tax Revenue 5.000%  12/1/2032     150     151
  Dallas Fort Worth International Airport Port, Airport & Marina Revenue 5.000%  11/1/2033     215     229
  Dallas Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 5.000%   7/1/2027     200     202
  Dallas Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.050%   8/1/2028     115     115
13 Dallas Independent School District GO PUT 5.000%  2/15/2027     720     728
13 Dallas Independent School District GO PUT, Prere. 5.000%  2/15/2027     130     132
  Dallas TX Hotel Occupancy Tax Revenue 4.000%  8/15/2031     100     100
  Dallas TX Hotel Occupancy Tax Revenue 4.000%  8/15/2033     375     375
4 Dallas TX Special Tax Revenue (Fair Park Venue Project) PUT 6.250%  8/15/2028     115     115
  Del Mar College District GO 5.000%  8/15/2031      90      90
  Del Mar College District GO 5.000%  8/15/2031     135     147
  Del Mar College District GO 5.000%  8/15/2033     100     110
  Del Mar College District GO 4.000%  8/15/2034     125     125
13 Denton Independent School District GO PUT 4.000%  8/15/2030     200     205
  Denton TX GO 5.000%  2/15/2028     190     190
  Denton TX Utility System Water Revenue 5.000%  12/1/2029     165     166
13 Dickinson Independent School District GO PUT 3.100%   8/2/2027     200     200
13 Eagle Mountain & Saginaw Independent School District GO PUT 4.000%   8/1/2027      50      51
13 Ector County Independent School District GO PUT 4.000%  8/15/2027     355     359
2 El Paso County Hospital District GO 5.000%  2/15/2027     100     101
2 El Paso County Hospital District GO 5.000%  2/15/2030     100     106
  El Paso County Hospital District GO 4.000%  8/15/2032     155     152
2 El Paso County Hospital District GO 5.000%  8/15/2032     790     850
13 El Paso Independent School District GO 5.000%  8/15/2033     100     110
  El Paso TX GO 5.000%  8/15/2027     100     100
  El Paso TX Water & Sewer Water Revenue 5.000%   3/1/2031     530     535
  EP Forty649 PFC Local or Guaranteed Housing Revenue (Forty649 Apartments Project) 5.000%   1/1/2033     360     384
13 Fairfield Independent School District GO 5.000%  8/15/2032     100     110
13 Forney Independent School District GO 5.000%  8/15/2031     100     109
2 Fort Bend County Municipal Utility District No. 35 GO 4.000%   9/1/2031     140     140
13 Fort Bend Independent School District GO PUT 4.000%   8/1/2027     100     101
13 Fort Bend Independent School District GO PUT 3.800%   8/1/2028     100     101
13 Fort Bend Independent School District GO PUT 3.125%   8/1/2029     235     234
  FW Ramble Public Facility Corp. Local or Guaranteed Housing Revenue (Ramble & Rose Project) 4.000%  10/1/2035     100      95
13 Galena Park Independent School District GO 3.000%  8/15/2030     250     245
13 Garland Independent School District GO 4.000%  2/15/2028     275     275
  Garland TX GO 5.000%  2/15/2030     150     160
  Garland TX Water & Sewer System Water Revenue 5.000%   3/1/2027     125     127
  Garland TX Water & Sewer System Water Revenue 5.000%   3/1/2032     100     108
2 Georgetown TX Utility System Multiple Utility Revenue 5.000%  8/15/2028     285     298
  Grand Parkway Transportation Corp. Highway Revenue PUT 5.000%   4/1/2028     740     759
  Grayson County TX Junior College District GO 5.000%  2/15/2032     250     271
1 Greater Texoma Utility Authority Intergovernmental Agreement Revenue 5.000%  10/1/2031     100     108
13 Gregory-Portland TX Independent School District GO 5.000%  2/15/2030     100     107
  Harris County Cultural Education Facilities Finance Corp. College & University Revenue PUT 5.000%  5/15/2032     205     218
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%  5/15/2029     460     480
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 4.000% 11/15/2029     175     175
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%  12/1/2029     250     265
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031     160     173
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031     250     271
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%  12/1/2033     210     231
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/2034     250     275
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/2029     815     855
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2030     500     537
  Harris County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2031   1,055   1,132
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     250     250
  Harris County Flood Control District GO 5.000%  10/1/2031     100     106
  Harris County Flood Control District GO 4.000%  10/1/2033     430     436

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Harris County Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 2.950%   9/1/2028     100      99
  Harris County Industrial Development Corp. Industrial Revenue (Energy Transfer LP Project) PUT 4.050%   6/1/2033     250     257
1 Harris County Municipal Utility District No. 71 GO 4.000%   9/1/2029      55      55
1 Harris County Municipal Utility District No. 82 GO 2.000%  10/1/2031      50      45
  Harris County TX Toll Road Highway Revenue 5.000%  8/15/2030     110     118
  Harris County TX Toll Road Highway Revenue 4.000%  8/15/2033     250     254
9 Harris County-Houston Sports Authority Hotel Occupancy Tax Revenue, Prere. 0.000% 11/15/2031      50      39
9 Harris County-Houston Sports Authority Hotel Occupancy Tax Revenue, Prere. 0.000% 11/15/2031      50      35
13 Hays Consolidated Independent School District GO 5.000%  2/15/2030     100     107
13 Hays Consolidated Independent School District GO 4.000%  2/15/2033     150     150
  HHA Fountainview PFC Local or Guaranteed Housing Revenue PUT 2.750%  10/1/2028     100      99
  Hidalgo County Drain District No. 1 GO 3.125%   9/1/2028   1,450   1,449
  Hidalgo County Regional Mobility Authority Highway Revenue 5.000%  12/1/2031     365     382
  Hidalgo County TX GO 4.000%  8/15/2034     160     160
  Housing TX Options Inc. Local or Guaranteed Housing Revenue PUT 3.050%   2/1/2028     100     100
  Housing TX Options Inc. Local or Guaranteed Housing Revenue PUT 3.750%  11/1/2028     100     101
  Houston Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 2.890%   8/1/2027     100     100
  Houston Independent School District GO PUT 5.000%  7/15/2028     465     482
2 Houston TX Airport System Port, Airport & Marina Revenue 5.000%   7/1/2029     135     143
  Houston TX Combined Utility System Water Revenue 4.000% 11/15/2031     330     330
  Houston TX Combined Utility System Water Revenue 4.000% 11/15/2032     160     160
  Houston TX Combined Utility System Water Revenue 4.000% 11/15/2033     455     455
  Houston TX GO 5.000%   3/1/2030     100     105
  Houston TX GO 5.000%   3/1/2032     100     109
  Houston TX GO 5.000%   3/1/2033     100     110
2,8 Houston TX Hotel Occupancy Tax & Special Hotel Occupancy Tax Revenue 0.000%   9/1/2033     155     119
13 Hutto Independent School District GO PUT 4.000%   8/1/2028     100     102
  Hutto TX GO 4.000%   8/1/2031     380     382
  Ingleside TX GO 5.000%   2/1/2030     120     127
  Irving Hospital Authority Health, Hospital, Nursing Home Revenue 5.000% 10/15/2028     245     245
13 Irving Independent School District GO 5.000%  2/15/2030     100     107
  Irving TX GO 3.000%  9/15/2028      75      75
  Irving TX GO 4.000%  9/15/2032     100     100
13 Jacksboro Independent School District GO PUT 4.000%  8/15/2028     705     720
  Jefferson County Housing Finance Corp.Local or Guaranteed Housing Revenue (Timbers Edge Apartments Project) PUT 3.000%   6/1/2028     100     100
13 Katy Independent School District GO PUT 4.000%  8/15/2026      75      75
13 Kilgore Independent School District GO 5.000%  2/15/2027     125     126
13 Kilgore Independent School District GO PUT 4.000%  8/15/2026      30      30
13 Klein Independent School District GO 5.000%   8/1/2032     200     220
2 La Salle County TX GO 5.000%   3/1/2028     100     103
  Las Varas Public Facility Corp. Local or Guaranteed Housing Revenue 4.250%  10/1/2035     100      97
  Las Varas Public Facility Corp. Local or Guaranteed Housing Revenue PUT 3.350%  11/1/2029     100      98
13 Leander Independent School District GO 0.000%  8/15/2029     100      91
13 Leander Independent School District GO 0.000%  8/15/2031     100      84
  Legacy Denton Public Facility Corp. Local or Guaranteed Housing Revenue PUT 2.960%   4/1/2027     100     100
  Legacy Denton Public Facility Corp. Local or Guaranteed Housing Revenue PUT 3.150%   5/1/2029     290     289
4 Liberty Hill TX Special Assessment Revenue 3.125%   9/1/2032     100      94
  Lone Star College System GO 4.000%  2/15/2029     200     200
13 Longview Independent School District GO 5.000%  2/15/2029     100     105
  Lower Colorado River Authority Electric Power & Light Revenue 5.000%  5/15/2030     100     107
  Lower Colorado River Authority Electric Power & Light Revenue 5.000%  5/15/2031     100     108
  Lower Colorado River Authority Electric Power & Light Revenue 5.000%  5/15/2032     100     109
  Lower Colorado River Authority Electric Power & Light Revenue 5.000%  5/15/2032     100     109
  Lower Colorado River Authority Electric Power & Light Revenue 5.000%  5/15/2033     100     110
  Lower Colorado River Authority Electric Power & Light Revenue PUT 5.000%  5/15/2028   2,500   2,570
  Lower Colorado River Authority Electric Power & Light Revenue PUT 5.000%  5/15/2032   2,450   2,631
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/2033     100     104
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/2033     115     120
  Lower Colorado River Authority Intergovernmental Agreement Revenue 5.000%  5/15/2034     135     144
  Lower Colorado River Authority Intergovernmental Agreement Revenue (LCRA Transmission Services Corp. Project) 5.000%  5/15/2033     600     642
  Lubbock Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 2.800%   3/1/2028     100      99
  Manor Housing Public Facility Corp. Local or Guaranteed Housing Revenue PUT 3.400%   5/1/2028     200     201
  Matagorda County Navigation District No. 1 Industrial Revenue (AEP Texas Central Co. Project) 4.000%   6/1/2030     100     100
8 Matagorda County Navigation District No. 1 Resource Recovery Revenue 4.400%   5/1/2030     490     510
2 Mckinney Municipal Utility District No. 2 GO 4.000%   9/1/2033     350     354
13 Medina Valley Independent School District GO PUT 2.850%  2/15/2029     100     100
13 Navarro Independent School District GO PUT 4.000%  2/15/2028     210     213
13 New Caney Independent School District GO 4.000%  2/15/2035     775     747

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
13 New Caney Independent School District GO PUT 4.000%  8/15/2027     990   1,001
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%  8/15/2030     275     280
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 4.000%  8/15/2033      60      60
  New Hope Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue (Legacy Midtown Park Project) 5.250%   7/1/2032     100     100
  New Hope Cultural Education Facilities Finance Corp. Local or Guaranteed Housing Revenue 4.625%  10/1/2030     250     250
  New Hope Cultural Education Facilities Finance Corp. Local or Guaranteed Housing Revenue, Prere. 5.000%   4/1/2027      80      81
  Newark Higher Education Finance Corp. College & University Revenue (Abilene Christian University Program) 5.000%   4/1/2030     150     150
  Newark Higher Education Finance Corp. College & University Revenue (Abilene Christian University Program) 4.000%   4/1/2032     200     200
  Nortex Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 2.875%  10/1/2027     200     199
  North East Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/2030     345     363
  North East Texas Regional Mobility Authority Highway Revenue 5.000%   1/1/2032     100     108
13 North East TX Independent School District GO 5.000%   8/1/2031     100     109
13 North East TX Independent School District GO PUT 3.750%   8/1/2027     305     307
4 North Parkway Municipal Management District No. 1 Special Assessment Revenue 3.625%  9/15/2031     100      97
4 North Parkway Municipal Management District No. 1 Special Assessment Revenue (Major Improvements Project) 3.625%  9/15/2026     117     117
  North Texas Tollway Authority Highway Revenue 4.000%   1/1/2032     145     148
  North Texas Tollway Authority Highway Revenue 5.000%   1/1/2033      50      50
  North Texas Tollway Authority Highway Revenue (Special Projects System), Prere. 0.000%   9/1/2031     100      53
2 North Texas Tollway Authority Miscellaneous Revenue 0.000%   1/1/2029     125     116
13 Northside Independent School District GO PUT 3.000%   8/1/2026      85      85
13 Northside Independent School District GO PUT 2.000%   6/1/2027     240     238
13 Northside Independent School District GO PUT 3.450%   8/1/2027   1,450   1,452
13 Northside Independent School District GO PUT 3.550%   6/1/2028     155     156
13 Northside Independent School District GO PUT 3.100%   8/1/2029     415     414
13 Northwest Independent School District GO 5.000%  2/15/2031     100     108
  Nueces County TX GO 5.000%  2/15/2032     160     171
  Odessa Junior College District GO 5.000%  8/15/2031     135     137
  Odessa TX GO 5.000%   3/1/2027     205     207
  Odessa TX GO 5.000%   3/1/2028     300     308
  Pearland TX GO 5.000%   9/1/2031     125     136
  Pearland TX GO 5.000%   9/1/2032     100     110
  Pearland TX Waterworks & Sewer System Water Revenue 4.000%   9/1/2026      50      50
  Pearland TX Waterworks & Sewer System Water Revenue 5.000%   9/1/2031     125     130
  Pearland TX Waterworks & Sewer System Water Revenue 4.000%   9/1/2032     190     191
4 Pilot Point TX Special Assessment Revenue 5.250%  9/15/2032     100     103
13 Plainview Independent School District GO PUT 4.000%  8/15/2026      75      75
  Plano TX GO 3.000%   9/1/2027     100     100
  Port Authority of Houston of Harris County Texas GO 5.000%  10/1/2030     140     151
  Potter County TX GO 3.000%   2/1/2028     145     144
13 Prosper Independent School District GO 5.000%  2/15/2029     100     105
13 Prosper Independent School District GO 5.000%  2/15/2030     100     107
13 Prosper Independent School District GO PUT 4.000%  8/15/2026     150     150
13 Prosper Independent School District GO PUT 4.000%  8/15/2028     415     422
13 Round Rock Independent School District GO PUT 5.000%   8/1/2030     120     128
13 Round Rock Independent School District GO PUT 5.000%   8/1/2031   1,000   1,073
  San Antonio Housing Trust Public Facility Corp. Local or Guaranteed Housing Revenue PUT 3.450%   7/1/2027     325     326
  San Antonio Housing Trust Public Facility Corp. Local or Guaranteed Housing Revenue PUT 5.000%  10/1/2027     175     179
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/2028     100     100
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 5.000%   2/1/2030     150     150
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 4.000%   2/1/2032     375     375
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue 4.000%   2/1/2033     150     150
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 1.125%  12/1/2026     215     213
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 3.650%  12/1/2026     875     875
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 2.000%  12/1/2027     355     348
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 2.900%  12/1/2027     100      99
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 3.080%  12/1/2028     180     179
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 3.000%  12/1/2029   1,225   1,207
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 3.200%  12/1/2030     715     701
  San Antonio TX Electric & Gas Systems Electric Power & Light Revenue PUT 3.150%  12/1/2031     325     316
13 San Antonio TX Independent School District GO 5.000%  8/15/2028      85      89
13 San Antonio TX Independent School District GO 4.000%  8/15/2034     135     136
13 Sinton Independent School District GO PUT 4.000%  8/15/2026     100     100
  Southwest Higher Education Authority Inc. College & University Revenue (Southern Methodist University Project) 5.000%  10/1/2028     155     156
13 Spring Branch Independent School District GO 5.000%   2/1/2029     140     148
13 Spring Independent School District GO 4.000%  8/15/2031     265     265
  Stephen F Austin State University College & University Revenue 4.000% 10/15/2034     105     105
  Strategic Housing Finance Corp. of Travis County Local or Guaranteed Housing Revenue PUT 3.350%   3/1/2028     125     125

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Sugar Land TX GO 4.000%  2/15/2034     500     501
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031     100     104
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032     235     251
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032     145     150
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%  12/1/2032     540     568
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 5.000%   7/1/2034     210     217
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue 4.000%  12/1/2034     120     121
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2029     860     906
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000%   5/1/2030     370     392
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2030   1,855   1,965
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/2032     200     217
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2032     100     108
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/2032   1,120   1,209
  Tarrant County Cultural Education Facilities Finance Corp. Health, Hospital, Nursing Home Revenue PUT 5.000%   5/1/2033     360     390
  Tarrant County Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 5.000%   9/1/2027     315     321
  Tarrant County Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.600%   2/1/2028     310     312
13 Taylor TX Independent School District GO 4.000%  2/15/2033     250     250
13 Texarkana Independent School District GO PUT 4.000%  8/15/2026     455     455
6,13 Texarkana Independent School District GO PUT 4.000%  8/15/2027     300     303
13 Texas City Independent School District GO 4.000%  8/15/2034     150     151
  Texas Department of Housing & Community Affairs Local or Guaranteed Housing Revenue 5.500%   7/1/2029     180     192
6 Texas Department of Housing & Community Affairs Local or Guaranteed Housing Revenue 6.250%   7/1/2057     205     230
  Texas Department of Housing & Community Affairs Local or Guaranteed Housing Revenue PUT 3.050%   9/1/2027     200     200
  Texas Municipal Gas Acquisition & Supply Corp. I Natural Gas Revenue 5.250% 12/15/2026   1,565   1,576
3 Texas Municipal Gas Acquisition & Supply Corp. II Natural Gas Revenue, 66% of TSFR3M + 0.863% 3.281%  9/15/2027     230     230
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/2027     175     179
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/2028     125     129
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/2029     135     140
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/2031     350     365
  Texas Municipal Gas Acquisition & Supply Corp. III Natural Gas Revenue 5.000% 12/15/2032     390     409
  Texas Municipal Gas Acquisition & Supply Corp. IV Natural Gas Revenue PUT 5.500%   1/1/2030   2,795   2,932
  Texas Municipal Gas Acquisition & Supply Corp. V Natural Gas Revenue 5.000%   1/1/2030      55      57
6 Texas Municipal Gas Acquisition & Supply Corp. VI Natural Gas Revenue 5.000%   3/1/2029     100     103
6 Texas Municipal Gas Acquisition & Supply Corp. VI Natural Gas Revenue 5.000%   3/1/2031     100     104
6 Texas Municipal Gas Acquisition & Supply Corp. VI Natural Gas Revenue 5.000%   3/1/2033     100     104
  Texas Municipal Gas Acquisition & Supply Corp. VI Natural Gas Revenue 5.000%   1/1/2034     695     721
6 Texas Municipal Gas Acquisition & Supply Corp. VI Natural Gas Revenue 5.000%   3/1/2034     100     104
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000% 12/31/2030     145     147
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 5.000% 12/31/2031     700     733
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue 4.000%  6/30/2032      50      50
  Texas Private Activity Bond Surface Transportation Corp. Highway Revenue (North Tarrant Express Managed Lanes Project) 5.000% 12/31/2033     215     224
1 Texas Public Finance Authority College & University Revenue 5.000%   5/1/2032     920     995
1 Texas Public Finance Authority College & University Revenue 5.000%   5/1/2033     480     523
  Texas State Affordable Housing Corp. Local or Guaranteed Housing Revenue PUT 2.800%   2/1/2027     100     100
6 Texas State University System College & University Revenue 5.000%  3/15/2028     100     103
  Texas State University System College & University Revenue 5.000%  3/15/2029     100     105
6 Texas State University System College & University Revenue 5.000%  3/15/2030     100     105
  Texas State University System College & University Revenue 5.000%  3/15/2031     160     173
6 Texas State University System College & University Revenue 5.000%  3/15/2032     100     107
  Texas State University System College & University Revenue 5.000%  3/15/2033     110     121
  Texas Water Development Board Water Revenue 5.000%   8/1/2027      75      77
  Texas Water Development Board Water Revenue 5.000%   8/1/2029     125     128
  Texas Water Development Board Water Revenue 4.000% 10/15/2031     105     105
  Texas Water Development Board Water Revenue 5.000%   8/1/2032     110     112
  Texas Water Development Board Water Revenue 4.000% 10/15/2032     455     458
  Texas Water Development Board Water Revenue 4.000% 10/15/2032     100     100
  Texas Water Development Board Water Revenue 4.000% 10/15/2032      60      60
  Texas Water Development Board Water Revenue 4.000% 10/15/2033     135     136
  Texas Woman's University College & University Revenue 5.000%   7/1/2028     100     104
  Texas Woman's University College & University Revenue 5.000%   7/1/2030     100     107
  THF Public Facility Corp. Local or Guaranteed Housing Revenue PUT 3.340%   2/1/2029     190     191
13 Tomball Independent School District GO 4.000%  2/15/2033     395     402
  Travis County Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 4.125%   6/1/2027     360     361
  Travis County Housing Finance Corp. Local or Guaranteed Housing Revenue PUT 3.400%   7/1/2028     250     251
13 Tyler Independent School District GO 4.000%  2/15/2031     150     151
  University of Houston College & University Revenue 5.000%  2/15/2027      50      51
  University of Houston College & University Revenue 4.000%  2/15/2028     175     175
  University of North Texas System College & University Revenue 5.000%  4/15/2032     135     137
13 Venus Independent School District GO 5.000%  8/15/2032     250     274

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Victory Street Public Facility Corp. Local or Guaranteed Housing Revenue PUT 3.150%   7/1/2029     100      99
  Waco Educational Finance Corp. College & University Revenue 5.000%   3/1/2032      95     102
  Williamson County TX GO 5.000%  2/15/2029      50      53
13 Willis Independent School District GO 4.000%  2/15/2032     350     351
13 Ysleta Independent School District GO 4.000%  8/15/2033     150     150
                                 90,745
Utah (0.4%)
  University of Utah College & University Revenue 4.000%   8/1/2033     125     125
  Utah Associated Municipal Power Systems Electric Power & Light Revenue (Horse Butte Wind Project) 5.000%   9/1/2030     195     201
  Utah Associated Municipal Power Systems Electric Power & Light Revenue (Horse Butte Wind Project) 5.000%   9/1/2033     215     221
  Utah County UT Health, Hospital, Nursing Home Revenue PUT 5.000%   8/1/2026     225     225
  Utah Housing Corp. Local or Guaranteed Housing Revenue 3.300%   1/1/2032     210     204
  Utah Housing Corp. Local or Guaranteed Housing Revenue 6.500%   7/1/2055     180     201
  Utah Housing Corp. Local or Guaranteed Housing Revenue 6.500%   7/1/2055     100     112
  Utah Housing Corp. Local or Guaranteed Housing Revenue 6.750%   7/1/2055     100     113
  Utah Housing Corp. Local or Guaranteed Housing Revenue 6.250%   7/1/2056     100     112
  Utah Housing Corp. Local or Guaranteed Housing Revenue 6.500%   7/1/2056     310     347
  Utah Housing Corp. Local or Guaranteed Housing Revenue PUT 3.700%   8/1/2027     100     100
  Utah Housing Corp. Local or Guaranteed Housing Revenue PUT 3.180%   2/1/2029     100     100
  Utah Housing Corp. Local or Guaranteed Housing Revenue PUT 2.650%   3/1/2029     100      98
  Utah Housing Corp. Local or Guaranteed Housing Revenue PUT 2.950%   4/1/2029     350     346
  Utah Housing Corp. Local or Guaranteed Housing Revenue PUT 3.000%   9/1/2029     100      99
  Utah Housing Corp. Local or Guaranteed Housing Revenue PUT 3.240%  12/1/2029     100     100
  Utah State University Local or Guaranteed Housing Revenue 5.000%   4/1/2027     110     112
  Utah Water Finance Agency Intergovernmental Agreement Revenue (Loan Financing Program) 4.000%   3/1/2033     345     346
                                  3,162
Vermont (0.1%)
  Vermont Educational & Health Buildings Financing Agency College & University Revenue (Champlain College Project) 5.000% 10/15/2026     100     100
  Vermont Educational & Health Buildings Financing Agency Health, Hospital, Nursing Home Revenue 5.000%  12/1/2030     225     225
  Vermont Educational & Health Buildings Financing Agency Health, Hospital, Nursing Home Revenue 5.000%  12/1/2031     170     170
  Vermont Educational & Health Buildings Financing Agency Health, Hospital, Nursing Home Revenue 5.000%  12/1/2034      30      30
  Vermont Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%  11/1/2056     100     110
                                    635
Virgin Islands (0.1%)
  Matching Fund Special Purpose Securitization Corp. Sales Tax Revenue 5.000%  10/1/2028     505     518
  Virgin Islands Transportation & Infrastructure Corp. Government Fund/Grant Revenue 5.000%   9/1/2029     100     104
  Virgin Islands Transportation & Infrastructure Corp. Government Fund/Grant Revenue 5.000%   9/1/2030     300     315
                                    937
Virginia (0.6%)
  Arlington County IDA Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031     150     159
  Arlington County IDA Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/2031     250     263
  Arlington County IDA Local or Guaranteed Housing Revenue PUT 3.100%   2/1/2027     200     200
  Arlington County IDA Local or Guaranteed Housing Revenue PUT 2.950%   9/1/2029     365     360
  Franklin County VA IDA Intergovernmental Agreement Revenue 5.000% 10/15/2030     100     102
  Henrico County Economic Development Authority Local or Guaranteed Housing Revenue PUT 3.200%  10/1/2029     375     374
  Henrico County Economic Development Authority Local or Guaranteed Housing Revenue PUT 3.200%  12/1/2029     100     100
  Loudoun County VA GO 4.000%  12/1/2033     155     155
  Lynchburg Economic Development Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2032     340     364
  Petersburg Redevelopment & Housing Authority Local or Guaranteed Housing Revenue PUT 3.375%   5/1/2027     225     226
  Richmond Redevelopment & Housing Authority Local or Guaranteed Housing Revenue PUT 3.050%   6/1/2028     100     100
  Salem Economic Development Authority College & University Revenue 5.000%   4/1/2031     100     105
  Virginia Beach Development Authority Health, Hospital, Nursing Home Revenue 5.375%   9/1/2029     100     100
  Virginia College Building Authority Appropriations Revenue (21st Century College & Equipment Programs) 4.000%   2/1/2033     100     100
  Virginia College Building Authority College & University Revenue (Regent University Project) 5.000%   6/1/2029      70      72
  Virginia Commonwealth Transportation Board Appropriations Revenue 5.000%  5/15/2030     100     103
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 3.400%   6/1/2028      60      60
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.700%   1/1/2029     130     129
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.850%   4/1/2029     100      99
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.900%  10/1/2029     100      99
  Virginia Housing Development Authority Local or Guaranteed Housing Revenue 2.850%   3/1/2031     500     486
  Virginia Public Building Authority Appropriations Revenue 5.000%   8/1/2027      65      67
  Virginia Public School Authority Intergovernmental Agreement Revenue 5.000%   8/1/2027      70      72
  Virginia Public School Authority Special Obligation Revenue 3.000%   2/1/2033      40      38
  Virginia Resources Authority Miscellaneous Revenue 4.000%  11/1/2032     100     100
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2029     100     105
  Virginia Small Business Financing Authority Health, Hospital, Nursing Home Revenue 3.100%  12/1/2030     100     100

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Wise County IDA Electric Power & Light Revenue (Virginia Electric & Power Co. Project) PUT 3.800%  5/28/2027     485     488
                                  4,726
Washington (1.9%)
  Clark County School District No. 37 Vancouver GO 5.000%  12/1/2029     300     306
  Clark County School District No. 37 Vancouver GO 5.000%  12/1/2034     330     342
  Energy Northwest Electric Power & Light Revenue 4.000%   7/1/2027     100     100
  Energy Northwest Electric Power & Light Revenue 4.000%   7/1/2029      55      55
  Energy Northwest Nuclear Revenue 5.000%   7/1/2033     125     129
  Energy Northwest Nuclear Revenue 5.000%   7/1/2033     150     167
  Energy Northwest Nuclear Revenue (Project No. 1) 5.000%   7/1/2027     115     117
  Energy Northwest Nuclear Revenue (Project No. 1) 5.000%   7/1/2032     100     110
  King County Housing Authority Local or Guaranteed Housing Revenue 4.000%  12/1/2030     105     107
  King County Housing Authority Local or Guaranteed Housing Revenue 4.000%  12/1/2031     920     927
  King County Housing Authority Local or Guaranteed Housing Revenue 4.000%   6/1/2032     215     218
  King County Public Hospital District No. 1 GO 5.000%  12/1/2027      50      50
  King County Public Hospital District No. 1 GO 5.000%  12/1/2032     100     100
  King County Public Hospital District No. 2 GO 5.000%  12/1/2030     140     150
  King County School District No. 403 Renton GO 4.000%  12/1/2033     365     369
  King County School District No. 410 Snoqualmie Valley GO 5.000%  12/1/2027     100     103
  King County School District No. 410 Snoqualmie Valley GO 5.000%  12/1/2031     100     110
  King County School District No. 411 Issaquah GO 3.000%  12/1/2030     105     105
  King County School District No. 414 Lake Washington GO 4.000%  12/1/2033     200     201
3 King County WA Sewer Revenue, SIFMA Municipal Swap Index Yield + 0.230% 2.390%   1/1/2040     430     429
  Lincoln & Spokane Counties School District No. 9 Reardan-Edwall GO 4.000%  12/1/2031     440     440
  Pierce County School District No. 416 White River GO 4.000%  12/1/2028     250     250
  Port of Seattle WA Port, Airport & Marina Revenue 5.000%   2/1/2029     230     230
  Seattle Housing Authority Local or Guaranteed Housing Revenue (Jackson Park Village Project) 5.000%  12/1/2029     100     104
  Seattle Housing Authority Local or Guaranteed Housing Revenue (Jackson Park Village Project) 4.000%  12/1/2032     100      99
  Seattle WA Drainage & Wastewater Sewer Revenue 4.000%   7/1/2032      80      80
  Seattle WA GO 4.000%  12/1/2031      50      50
  Snohomish County Housing Authority Local or Guaranteed Housing Revenue (Allegro Apartments Project) 3.750%   4/1/2036     295     274
  Snohomish County School District No. 15 Edmonds GO 4.000%  12/1/2034     130     130
  Spokane County School District No. 356 Central Valley GO 4.000%  12/1/2031     100     101
  Spokane WA Water & Wastewater Water Revenue 4.000%  12/1/2032     190     189
  University of Washington College & University Revenue PUT 4.000%   8/1/2027   1,365   1,371
  Vancouver Housing Authority Local or Guaranteed Housing Revenue 5.000%   8/1/2029     100     103
  Washington GO 4.000%   7/1/2027     225     228
  Washington GO 5.000%   8/1/2031      75      75
  Washington GO 5.000%   8/1/2033     215     219
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2026     100     100
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2028     180     186
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2028      55      57
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2029     100     105
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030     200     204
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2030     125     128
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030     125     129
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030     200     213
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030     245     261
4 Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2030     165     176
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2031     115     123
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2031     115     119
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032     110     112
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2032     500     508
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2032     390     397
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2033     185     192
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2033     190     197
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2033     235     253
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2033     235     239
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2033     140     144
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   8/1/2034      65      67
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2034     215     219
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  10/1/2034     250     250
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2035     155     169
2 Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  8/15/2030   1,300   1,368
  Washington Health Care Facilities Authority Health, Hospital, Nursing Home Revenue PUT 4.000%  10/1/2030     370     374
  Washington Higher Education Facilities Authority College & University Revenue (Seattle University Project) 5.000%   5/1/2029      75      76
  Washington Higher Education Facilities Authority College & University Revenue (Seattle University Project) 4.000%   5/1/2033     130     130
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 5.000%   7/1/2028     140     144
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 5.000%   7/1/2030     140     143

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 5.000%   7/1/2031      75      76
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 5.000%   7/1/2033      50      51
  Washington State Convention Center Public Facilities District Hotel Occupancy Tax Revenue 5.000%   7/1/2035     125     126
  Washington State Housing Finance Commission Health, Hospital, Nursing Home Revenue (Emerald Heights Project) 5.000%   7/1/2030      80      85
  Washington State Housing Finance Commission Health, Hospital, Nursing Home Revenue (Emerald Heights Project) 5.000%   7/1/2031     140     150
  Washington State Housing Finance Commission Health, Hospital, Nursing Home Revenue (Emerald Heights Project) 5.000%   7/1/2032      10      11
  Washington State Housing Finance Commission Health, Hospital, Nursing Home Revenue (Horizon House Project) 4.375%   1/1/2033     100     100
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 5.000%   7/1/2028     110     112
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 3.500% 12/20/2035     227     215
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue 6.250%   6/1/2056     100     111
  Washington State Housing Finance Commission Local or Guaranteed Housing Revenue (Camas Flats Apartments Project) PUT 5.000%   2/1/2027     200     202
                                 16,160
West Virginia (0.3%)
  Fayette County WV Board of Education COP 5.000%   7/1/2032     105     113
2 Ohio County WV Special District Excise Tax Intergovernmental Agreement Revenue 5.000%   6/1/2029     100     105
  West Virginia Economic Development Authority Electric Power & Light Revenue (Appalachian Power Co. - AMOS Project) PUT 3.700%   6/1/2028     100     101
  West Virginia Economic Development Authority Industrial Revenue PUT 3.375%  6/15/2028     200     200
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/2030      85      85
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   6/1/2031     115     115
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   9/1/2032     680     696
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2035     180     182
  West Virginia Hospital Finance Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   6/1/2033     180     192
  West Virginia Housing Development Fund Local or Guaranteed Housing Revenue PUT 5.000%   4/1/2027     230     233
  West Virginia University College & University Revenue (West Virginia University Project) PUT 5.000%  10/1/2029     165     174
1 Wheeling WV Waterworks & Sewerage System Water Revenue 5.000%   6/1/2027     100     101
1 Wheeling WV Waterworks & Sewerage System Water Revenue 5.000%   6/1/2029     100     105
                                  2,402
Wisconsin (2.0%)
  Hamilton WI School District GO 3.000%   4/1/2029     200     198
  Kaukauna WI Waterworks System Water Revenue BAN 4.000%  12/1/2029     100     101
  Madison WI Sewer System Sewer Revenue 4.000%  12/1/2031     100     100
1 Manawa School District GO 4.000%   3/1/2033     585     586
  Milwaukee Redevelopment Authority Lease (Abatement) Revenue 5.000% 11/15/2029     250     251
  Milwaukee Redevelopment Authority Lease (Abatement) Revenue 5.000% 11/15/2032     240     241
  Milwaukee Redevelopment Authority Lease (Abatement) Revenue 5.000% 11/15/2033     130     131
  Milwaukee WI GO 3.000%   3/1/2031      60      58
  Milwaukee WI GO 4.000%   4/1/2031     145     145
  Milwaukee WI GO 5.000%   4/1/2031      50      53
2 Milwaukee WI GO 5.000%  12/1/2031     300     325
  Milwaukee WI Sewerage System Sewer Revenue 3.000%   6/1/2031      85      81
  Milwaukee WI Sewerage System Sewer Revenue 3.000%   6/1/2033     205     188
  Public Finance Authority College & University Revenue 5.000%   6/1/2028     100     102
  Public Finance Authority College & University Revenue 5.000%   6/1/2030     100     103
  Public Finance Authority Electric Power & Light Revenue (Duke Energy Progress Project) PUT 3.300%  10/1/2026     360     360
  Public Finance Authority Electric Power & Light Revenue (Duke Energy Progress Project) PUT 3.700%  10/1/2030     810     824
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2027     125     127
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2029     275     276
4 Public Finance Authority Health, Hospital, Nursing Home Revenue 4.000%   9/1/2029      95      95
  Public Finance Authority Health, Hospital, Nursing Home Revenue 5.000%   1/1/2032     400     417
  Public Finance Authority Health, Hospital, Nursing Home Revenue (Renown Regional Medical Center Project) 5.000%   6/1/2027     105     107
  Public Finance Authority Health, Hospital, Nursing Home Revenue PUT 4.000%  10/1/2030     450     455
  Public Finance Authority Health, Hospital, Nursing Home Revenue PUT, Prere. 4.000%  10/1/2030      20      21
4 Public Finance Authority Intergovernmental Agreement Revenue (Astro Texas Land Projects) 5.000% 12/15/2036      49      48
  Public Finance Authority Intergovernmental Agreement Revenue PUT 4.000%   8/1/2027     150     150
  Public Finance Authority Intergovernmental Agreement Revenue PUT 3.625%  6/15/2031     105     104
  Public Finance Authority Local or Guaranteed Housing Revenue 5.000%   6/1/2029     240     247
4 Public Finance Authority Local or Guaranteed Housing Revenue 5.000%   7/1/2029      50      51
3,4 Public Finance Authority Local or Guaranteed Housing Revenue, 67% of SOFR + 1.150% 3.595%  12/1/2068     920     917
  Racine Unified School District Miscellaneous Revenue 4.000%   4/1/2030     125     127
  Sheboygan Falls School District GO 4.000%   4/1/2028     100     100
  University of Wisconsin Hospitals & Clinics Health, Hospital, Nursing Home Revenue 5.000%   4/1/2033     515     532
  University of Wisconsin Hospitals & Clinics Health, Hospital, Nursing Home Revenue PUT 5.000%  10/1/2031   1,490   1,594
  Waunakee Community School District GO 3.250%   4/1/2028     100     100
6 Wisconsin GO 5.000%   5/1/2030     100     107

    Coupon Maturity
Date
Face
Amount
($000)
Market
Value
($000)
6 Wisconsin GO 5.000%   5/1/2031     100     108
6 Wisconsin GO 5.000%   5/1/2032     100     109
6 Wisconsin GO 5.000%   5/1/2033     100     110
6 Wisconsin GO 5.000%   5/1/2034     100     111
  Wisconsin Health & Educational Facilities Authority College & University Revenue 4.000%  10/1/2031     255     255
  Wisconsin Health & Educational Facilities Authority College & University Revenue 4.000%  10/1/2032      50      50
  Wisconsin Health & Educational Facilities Authority College & University Revenue 5.000%  10/1/2032     900     942
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028     110     114
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 10/15/2028     130     135
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2028     100     104
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2029     100     105
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   6/1/2030     100     106
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  10/1/2030     250     263
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/2030      70      70
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2031      50      51
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/2031     250     251
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000%  8/15/2032     160     160
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2032     100     108
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2032     110     113
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  12/1/2032     185     200
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 12/15/2032     130     136
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   4/1/2033     140     141
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2033     270     278
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%   7/1/2034     135     136
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2034     805     817
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000%  8/15/2034     130     134
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 11/15/2034     255     255
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%   7/1/2027     205     205
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  12/1/2031     145     153
  Wisconsin Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000%  12/1/2033     150     161
  Wisconsin Housing & Economic Development Authority Home Ownership Local or Guaranteed Housing Revenue 6.000%   3/1/2054     315     341
  Wisconsin Housing & Economic Development Authority Home Ownership Local or Guaranteed Housing Revenue 6.000%   3/1/2055     145     156
  Wisconsin Housing & Economic Development Authority Home Ownership Local or Guaranteed Housing Revenue 6.250%   9/1/2055     100     109
  Wisconsin Housing & Economic Development Authority Home Ownership Local or Guaranteed Housing Revenue 5.750%   9/1/2056     100     108
  Wisconsin Housing & Economic Development Authority Home Ownership Local or Guaranteed Housing Revenue 6.000%   3/1/2057     100     110
  Wisconsin Housing & Economic Development Authority Housing Local or Guaranteed Housing Revenue PUT 3.750%  11/1/2026      30      30
  Wisconsin Housing & Economic Development Authority Housing Local or Guaranteed Housing Revenue PUT 3.875%   5/1/2027      20      20
  Wisconsin Housing & Economic Development Authority Housing Local or Guaranteed Housing Revenue PUT 3.100%  11/1/2028     100     100
  Wisconsin Housing & Economic Development Authority Local or Guaranteed Housing Revenue (The Intersect Project) PUT 5.000%   2/1/2027     575     580
                                 16,857
Wyoming (0.1%)
  Laramie County WY Health, Hospital, Nursing Home Revenue 4.000%   5/1/2030     720     732
  Wyoming Community Development Authority Local or Guaranteed Housing Revenue 6.250%  12/1/2056     100     111
                                    843
Total Tax-Exempt Municipal Bonds (Cost $829,138) 824,383
Taxable Municipal Bonds (0.0%)
Puerto Rico (0.0%)
  Commonwealth of Puerto Rico CVI 0.000%  11/1/2043     118      85
  Commonwealth of Puerto Rico CVI 0.000%  11/1/2051      24      17
Total Taxable Municipal Bonds (Cost $87) 102

    Coupon   Shares Market
Value
($000)
Temporary Cash Investments (0.7%)
Investment Company (0.7%)
14 Vanguard Municipal Low Duration Fund (Cost $5,999) 2.621%        599,910   5,999
Total Investments (99.5%) (Cost $835,224) 830,484
Other Assets and Liabilities—Net (0.5%) 4,025
Net Assets (100%) 834,509
Cost is in $000.
1 Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co.
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 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 $8,864, representing 1.1% of net assets.
5 Scheduled principal and interest payments are guaranteed by bank letter of credit.
6 Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of July 31, 2026.
7 Scheduled principal and interest payments are guaranteed by Federal Housing Authority.
8 Scheduled principal and interest payments are guaranteed by Ambac Assurance Corp.
9 Scheduled principal and interest payments are guaranteed by National Public Finance Guarantee Corp.
10 Scheduled principal and interest payments are guaranteed by Financial Guaranty Insurance Co.
11 Step bond.
12 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.
13 Scheduled principal and interest payments are guaranteed by Texas Permanent School Fund.
14 Affiliated short-term municipal bond fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
  BAN—Bond Anticipation Note.
  COP—Certificate of Participation.
  CVI—Contingent Value Instruments.
  ETM—Escrowed to Maturity.
  GAN—Grant Anticipation Note.
  GO—General Obligation Bond.
  IDA—Industrial Development Authority Bond.
  PILOT—Payments in Lieu of Taxes.
  Prere.—Prerefunded.
  PUT—Put Option Obligation.
  RAN—Revenue Anticipation Note.
  SIFMA—Securities Industry and Financial Markets Association.
  SOFR—Secured Overnight Financing Rate.
  TOB—Tender Option Bond.
  TSFR1M—CME Term Secured Overnight Financing Rate 1-Month.
  TSFR3M—CME Term Secured Overnight Financing Rate 3-Month.
  

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts
Notional
Amount
Value and
Unrealized
Appreciation
(Depreciation)
Short Futures Contracts        
2-Year U.S. Treasury Note September 2026 (13) (2,673) 2
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.
The fund had no open Municipal Market Data (MMD) Rate Lock contracts at July 31, 2026.
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 — 824,383 — 824,383
Taxable Municipal Bonds — 102 — 102
Temporary Cash Investments 5,999 — — 5,999
Total 5,999 824,485 — 830,484
Derivative Financial Instruments         
Assets        
Futures Contracts1 2 — — 2
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.