|
|
Shares or
Principal
Amount
|
Value
|
|
|
MUNICIPAL BONDS —139.8%
|
|
||
|
ALABAMA—5.6%
|
|||
|
Alabama Housing Finance Authority,
(GNMA/FNMA/FHLMC), Series C, 4.70%,
10/01/2054
|
$
|
2,780,000
|
$2,714,982
|
|
Alabama Special Care Facilities Financing
Authority-Birmingham
|
|
|
|
|
Series 2015-1, 5.50%, 06/01/2030
|
|
305,000
|
305,123
|
|
Series 2015-1, 5.75%, 06/01/2035
|
|
400,000
|
400,104
|
|
Series 2015-1, 5.75%, 06/01/2045
|
|
585,000
|
568,732
|
|
Series 2015-1, 6.00%, 06/01/2050
|
|
585,000
|
566,155
|
|
Alabama State University, (AG), 5.75%,
09/01/2050
|
|
215,000
|
232,664
|
|
Black Belt Energy Gas District
|
|
|
|
|
Series A, 5.25%, 05/01/2056
|
|
1,595,000
|
1,607,780
|
|
Series C-1, 5.25%, 02/01/2053
|
|
4,250,000
|
4,431,055
|
|
Series F, 5.50%, 11/01/2053
|
|
860,000
|
893,993
|
|
Series J, 5.00%, 11/01/2036
|
|
6,000,000
|
6,190,970
|
|
County of Jefferson Sewer Revenue, 5.50%,
10/01/2053
|
|
1,970,000
|
2,046,451
|
|
Huntsville Redstone Village ALA SP
|
|
|
|
|
Series A, 6.00%, 01/01/2060
|
|
780,000
|
665,244
|
|
Series B, 0.00%, 01/01/2060(a)
|
|
164,273
|
8,588
|
|
Jacksonville Public Educational Building
Authority, (AG), Series A, 5.50%,
08/01/2058
|
|
795,000
|
812,181
|
|
Mobile County Industrial Development
Authority
|
|
|
|
|
Series A, 5.00%, 06/01/2054
|
|
1,000,000
|
963,632
|
|
Series B, 4.75%, 12/01/2054
|
|
5,560,000
|
5,194,508
|
|
Southeast Energy Authority A Cooperative
District, Series A, 5.00%, 11/01/2035
|
|
5,000,000
|
5,093,771
|
|
Total Alabama
|
|
32,695,933
|
|
|
ALASKA—1.6%
|
|||
|
Alaska Industrial Development & Export
Authority
|
|
|
|
|
5.00%, 01/01/2030
|
|
125,000
|
125,059
|
|
5.00%, 01/01/2031
|
|
180,000
|
180,067
|
|
Alaska Municipal Bond Bank Authority
|
|
|
|
|
Series TWO, 5.25%, 12/01/2045
|
|
460,000
|
476,797
|
|
Series TWO, 5.50%, 12/01/2050
|
|
1,000,000
|
1,032,138
|
|
Alaska Railroad Corp.
|
|
|
|
|
(AG), 5.50%, 10/01/2045
|
|
450,000
|
477,566
|
|
(AG), 5.50%, 10/01/2054
|
|
2,185,000
|
2,262,494
|
|
Municipality of Anchorage, (AG), Series A,
5.00%, 02/01/2067
|
|
5,000,000
|
4,901,499
|
|
Total Alaska
|
|
9,455,620
|
|
|
ARIZONA—4.4%
|
|||
|
Arizona Industrial Development Authority
|
|
|
|
|
5.00%, 07/01/2038(b)
|
|
300,000
|
301,545
|
|
5.00%, 07/01/2049(b)
|
|
215,000
|
198,045
|
|
5.50%, 07/01/2058(b)
|
|
170,000
|
161,088
|
|
Series A, 3.75%, 12/15/2029(b)
|
|
40,000
|
39,429
|
|
Series A, 5.00%, 12/15/2039(b)
|
|
60,000
|
59,364
|
|
Series A, 5.00%, 07/01/2043(b)
|
|
750,000
|
716,145
|
|
Series A, 4.50%, 07/01/2046(b)
|
|
885,000
|
882,004
|
|
(BAM), Series A, 5.00%, 06/01/2049
|
|
885,000
|
891,433
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|||
|
Arizona Industrial Development
Authority (continued)
|
|
|
|
|
Series A, 5.00%, 12/15/2049(b)
|
$
|
100,000
|
$90,847
|
|
Series A, 7.75%, 07/01/2050(b)(c)
|
|
725,000
|
725
|
|
(SD CRED PROG), Series A, 5.00%,
07/01/2052
|
|
70,000
|
65,232
|
|
Series A, 5.00%, 07/01/2057
|
|
105,000
|
99,707
|
|
Series B, 5.50%, 07/01/2038(b)
|
|
100,000
|
100,220
|
|
Series B, 5.63%, 07/01/2048(b)
|
|
110,000
|
109,988
|
|
Series B, 4.00%, 07/01/2051
|
|
2,470,000
|
1,943,988
|
|
Series B, 5.75%, 07/01/2053(b)
|
|
310,000
|
305,481
|
|
Series B, 5.13%, 01/01/2059
|
|
73,102
|
56,074
|
|
Series D, 5.00%, 07/01/2037(b)
|
|
85,000
|
84,910
|
|
Series D, 5.00%, 07/01/2051(b)
|
|
440,000
|
399,700
|
|
Series D, 0.00%, 01/01/2059(a)
|
|
58,051
|
7,770
|
|
Series G, 5.00%, 07/01/2037(b)
|
|
70,000
|
69,926
|
|
Series G, 5.00%, 07/01/2047(b)
|
|
65,000
|
60,814
|
|
Series G, 5.00%, 07/01/2051(b)
|
|
60,000
|
54,505
|
|
Glendale Industrial Development Authority,
5.00%, 07/01/2048
|
|
240,000
|
221,267
|
|
Industrial Development Authority of the City
of Phoenix Arizona
|
|
|
|
|
5.13%, 02/01/2034
|
|
1,455,000
|
1,390,670
|
|
5.00%, 07/01/2034
|
|
1,085,000
|
1,085,393
|
|
5.00%, 07/01/2035(b)
|
|
430,000
|
429,999
|
|
5.00%, 07/01/2035(b)
|
|
465,000
|
465,080
|
|
5.38%, 02/01/2041
|
|
1,025,000
|
932,540
|
|
5.00%, 07/01/2044
|
|
1,030,000
|
1,030,576
|
|
5.00%, 07/01/2045(b)
|
|
750,000
|
714,400
|
|
5.00%, 07/01/2045(b)
|
|
805,000
|
760,890
|
|
Series A, 5.00%, 07/01/2035(b)
|
|
145,000
|
145,000
|
|
Series A, 5.00%, 07/01/2036
|
|
100,000
|
100,160
|
|
Series A, 5.00%, 07/01/2044
|
|
40,000
|
39,884
|
|
Series A, 5.00%, 07/01/2046
|
|
230,000
|
224,935
|
|
Series A, 5.00%, 07/01/2046(b)
|
|
390,000
|
369,662
|
|
Series A, 5.00%, 07/01/2049
|
|
95,000
|
92,349
|
|
Series A, 4.00%, 12/01/2051(b)
|
|
2,160,000
|
1,257,534
|
|
Series A, 5.00%, 07/01/2059
|
|
75,000
|
70,900
|
|
Series B, 5.75%, 12/15/2057(b)
|
|
1,165,000
|
786,235
|
|
Industrial Development Authority of the
County of Pima
|
|
|
|
|
Series 2022, 4.00%, 06/15/2051(b)
|
|
1,595,000
|
1,177,144
|
|
Series A, 7.00%, 11/15/2057(b)
|
|
1,680,000
|
1,780,834
|
|
La Paz County Industrial Development
Authority, Series A, 5.00%, 02/15/2048
|
|
200,000
|
191,126
|
|
Maricopa County Industrial Development
Authority
|
|
|
|
|
Series A, 5.50%, 07/01/2060
|
|
1,000,000
|
960,762
|
|
Series B, 5.00%, 07/01/2039(b)
|
|
80,000
|
80,035
|
|
Series B, 5.00%, 07/01/2054(b)
|
|
240,000
|
216,344
|
|
Maricopa County Unified School District No.
60 Higley
|
|
|
|
|
(AG), 4.25%, 06/01/2047
|
|
440,000
|
426,950
|
|
(AG), 5.00%, 06/01/2053
|
|
2,455,000
|
2,486,047
|
|
Sierra Vista Industrial Development
Authority
|
|
|
|
|
5.00%, 06/15/2054(b)
|
|
250,000
|
209,006
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
MUNICIPAL BONDS (continued)
|
|
||
|
ARIZONA (continued)
|
|||
|
Sierra Vista Industrial Development
Authority (continued)
|
|
|
|
|
5.75%, 06/15/2058(b)
|
$
|
1,205,000
|
$1,115,080
|
|
Total Arizona
|
|
25,459,742
|
|
|
ARKANSAS—1.1%
|
|||
|
Arkansas Development Finance Authority
|
|
|
|
|
4.50%, 07/01/2033
|
|
275,000
|
273,717
|
|
4.50%, 07/01/2039
|
|
35,000
|
32,834
|
|
City of Osceola, 4.88%, 04/01/2040
|
|
1,500,000
|
1,475,342
|
|
County of Pulaski, 5.25%, 03/01/2053
|
|
1,965,000
|
2,020,268
|
|
Little Rock School District, (BAM), (ST AID
WITHHLDG), Series A, 3.00%,
02/01/2050
|
|
3,500,000
|
2,541,298
|
|
Pulaski County Public Facilities Board,
5.00%, 12/01/2042
|
|
230,000
|
230,100
|
|
Total Arkansas
|
|
6,573,559
|
|
|
CALIFORNIA—10.8%
|
|||
|
Alameda Corridor Transportation Authority,
(AG), Series C, 0.00%, 10/01/2053(d)
|
|
3,380,000
|
834,162
|
|
California Community Choice Financing
Authority
|
|
|
|
|
Series B, 5.00%, 03/01/2036
|
|
10,940,000
|
11,225,825
|
|
Series C, 5.25%, 01/01/2054(e)
|
|
4,845,000
|
5,078,261
|
|
California Housing Finance Agency
|
|
|
|
|
Series 1, 4.38%, 09/20/2036
|
|
2,124,398
|
2,115,137
|
|
Series 2021-1, 0.80%, 11/20/2035(e)
|
|
1,700,028
|
63,571
|
|
California Infrastructure & Economic
Development Bank, Series B, 12.00%,
01/01/2065(b)
|
|
935,000
|
598,400
|
|
California Municipal Finance Authority
|
|
|
|
|
5.00%, 09/01/2036(f)
|
|
200,000
|
206,395
|
|
5.25%, 09/01/2037(f)
|
|
200,000
|
209,371
|
|
5.00%, 08/01/2039(b)(c)(g)
|
|
685,000
|
511,760
|
|
5.00%, 01/01/2041(b)
|
|
500,000
|
505,043
|
|
6.00%, 01/01/2055(b)
|
|
500,000
|
522,179
|
|
6.00%, 09/01/2056(f)
|
|
1,500,000
|
1,594,628
|
|
4.33%, 11/20/2040(e)
|
|
1,242,159
|
1,141,034
|
|
Series 2025-1, 3.44%, 02/20/2041(e)
|
|
5,920,170
|
5,292,632
|
|
Series 2026-1, 5.35%, 06/20/2046
|
|
2,250,000
|
2,366,399
|
|
Series A, 3.88%, 07/01/2028(b)
|
|
180,000
|
177,840
|
|
Series A, 5.00%, 11/01/2035(b)
|
|
250,000
|
259,317
|
|
Series A, 5.25%, 11/01/2036
|
|
370,000
|
370,430
|
|
Series A, 5.25%, 11/01/2041
|
|
345,000
|
345,046
|
|
Series A, 5.00%, 07/01/2049(b)
|
|
200,000
|
185,442
|
|
(AG), Series A, 5.25%, 11/01/2052
|
|
360,000
|
358,085
|
|
California Pollution Control Financing
Authority
|
|
|
|
|
8.00%, 07/01/2039(b)(c)
|
|
1,595,000
|
17,944
|
|
7.50%, 12/01/2039(b)(c)
|
|
2,068,739
|
21
|
|
California Public Finance Authority
|
|
|
|
|
5.00%, 10/15/2037
|
|
55,000
|
55,024
|
|
5.00%, 10/15/2047
|
|
55,000
|
53,724
|
|
Series A, 10.00%, 05/15/2028(b)
|
|
1,285,000
|
1,801,815
|
|
California School Finance Authority
|
|
|
|
|
5.00%, 07/01/2042(b)
|
|
250,000
|
250,637
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|||
|
California School Finance
Authority (continued)
|
|
|
|
|
5.25%, 07/01/2052(b)
|
$
|
255,000
|
$249,586
|
|
Series A, 5.88%, 10/01/2044
|
|
455,000
|
454,981
|
|
Series A, 5.00%, 07/01/2045(b)
|
|
510,000
|
503,949
|
|
Series A, 6.00%, 10/01/2049
|
|
100,000
|
99,296
|
|
Series A, 5.00%, 08/01/2052(b)
|
|
1,330,000
|
1,201,942
|
|
California Statewide Communities
Development Authority
|
|
|
|
|
5.25%, 07/01/2049(b)
|
|
605,000
|
602,955
|
|
5.25%, 07/01/2052(b)
|
|
115,000
|
112,096
|
|
Series A, 5.00%, 11/01/2041(b)
|
|
305,000
|
292,108
|
|
Series A, 5.00%, 12/01/2041(b)
|
|
630,000
|
630,133
|
|
Series A, 5.25%, 12/01/2044
|
|
1,320,000
|
1,320,285
|
|
Series A, 5.00%, 12/01/2046(b)
|
|
585,000
|
585,024
|
|
Series A, 5.25%, 12/01/2056(b)
|
|
425,000
|
425,024
|
|
(AG), Series A, 5.38%, 08/15/2057
|
|
1,030,000
|
1,040,467
|
|
Series Q, 6.50%, 05/01/2049(e)
|
|
3,674,977
|
3,864,029
|
|
City & County of San Francisco Special Tax
District No., Series B, 5.25%,
09/01/2049(b)
|
|
550,000
|
450,330
|
|
CSCDA Community Improvement Authority,
Series B, 4.00%, 03/01/2057(b)
|
|
370,000
|
269,716
|
|
Federal Home Loan Mortgage Corp.
Multifamily ML Certificates, Series ML-16,
4.63%, 07/25/2038(e)
|
|
613,559
|
619,896
|
|
Golden State Tobacco Securitization Corp.,
Series B-2, 0.00%, 06/01/2066(d)
|
|
40,820,000
|
3,815,633
|
|
Hastings Campus Housing Finance Authority
|
|
|
|
|
Series A, 0.00%, 07/01/2061(a)(b)
|
|
2,325,000
|
1,193,547
|
|
Series A, 5.00%, 07/01/2061(b)
|
|
1,495,000
|
1,355,012
|
|
Indio Finance Authority, (BAM), Series A,
4.50%, 11/01/2052
|
|
580,000
|
571,936
|
|
Inland Empire Tobacco Securitization Corp.
|
|
|
|
|
0.00%, 06/01/2057(b)(d)
|
|
3,900,000
|
243,684
|
|
0.00%, 06/01/2057(b)(d)
|
|
2,500,000
|
126,017
|
|
Morongo Band of Mission Indians
|
|
|
|
|
(Pre-refunded @ $100.000000,
10/01/2028), Series A, 5.00%,
10/01/2042(b)
|
|
320,000
|
335,722
|
|
(Pre-refunded @ $100.000000,
10/01/2028), Series B, 5.00%,
10/01/2042(b)
|
|
645,000
|
676,690
|
|
M-S-R Energy Authority, Series A, 7.00%,
11/01/2034
|
|
365,000
|
426,620
|
|
Mt San Antonio Community College District,
Series A, 5.88%, 08/01/2028(e)
|
|
140,000
|
146,134
|
|
San Francisco City & County Airport
Commission-San Francisco International
Airport
|
|
|
|
|
Series A, 5.50%, 05/01/2055
|
|
1,910,000
|
2,005,128
|
|
Series C, 5.75%, 05/01/2048
|
|
2,365,000
|
2,531,836
|
|
Tobacco Securitization Authority of Southern
California
|
|
|
|
|
0.00%, 06/01/2046(d)
|
|
3,015,000
|
330,203
|
|
0.00%, 06/01/2046(d)
|
|
3,235,000
|
426,058
|
|
Total California
|
|
63,046,159
|
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
MUNICIPAL BONDS (continued)
|
|
||
|
COLORADO—3.4%
|
|||
|
Adams & Arapahoe Counties Joint School
District 28J Aurora, (BAM), 5.50%,
12/01/2054
|
$
|
145,000
|
$152,690
|
|
City & County of Denver Airport System
Revenue
|
|
|
|
|
Series A, 4.13%, 11/15/2047
|
|
590,000
|
534,768
|
|
Series A, 4.13%, 11/15/2053
|
|
550,000
|
480,827
|
|
Colorado Educational & Cultural Facilities
Authority
|
|
|
|
|
5.00%, 11/15/2031
|
|
145,000
|
145,601
|
|
5.00%, 07/15/2037
|
|
75,000
|
75,065
|
|
4.00%, 05/01/2061
|
|
140,000
|
106,131
|
|
Series A, 4.00%, 07/01/2061(b)
|
|
420,000
|
279,319
|
|
Colorado Health Facilities Authority
|
|
|
|
|
8.00%, 08/01/2043(c)
|
|
2,685,000
|
1,642,584
|
|
5.25%, 11/01/2052
|
|
1,870,000
|
1,914,476
|
|
Series A, 5.00%, 11/01/2044
|
|
1,465,000
|
1,491,425
|
|
Series A, 6.25%, 12/01/2050(b)
|
|
505,000
|
345,516
|
|
Series A, 5.13%, 12/01/2055
|
|
860,000
|
843,641
|
|
Series A-2, 4.00%, 08/01/2049
|
|
550,000
|
473,693
|
|
Colorado Science & Technology Park
Metropolitan District No. 1
|
|
|
|
|
(AG), Series A, 5.00%, 12/01/2054
|
|
80,000
|
79,094
|
|
(AG), Series B, 4.75%, 12/15/2054
|
|
185,000
|
176,522
|
|
Denver City & County Housing Authority
|
|
|
|
|
(HUD), Series A, 4.50%, 07/01/2041
|
|
1,310,000
|
1,269,682
|
|
Series A, 5.00%, 12/01/2045
|
|
130,000
|
131,154
|
|
Denver Health & Hospital Authority
|
|
|
|
|
5.00%, 12/01/2048
|
|
330,000
|
322,566
|
|
Series A, 4.00%, 12/01/2040
|
|
1,870,000
|
1,664,370
|
|
Series A, 5.25%, 12/01/2045
|
|
495,000
|
495,081
|
|
Series A, 6.00%, 12/01/2055
|
|
530,000
|
559,288
|
|
Fountain Urban Renewal Authority, Series A,
5.50%, 11/01/2044
|
|
655,000
|
645,906
|
|
Gunnison County Housing Authority, (BAM),
5.25%, 06/01/2059
|
|
785,000
|
802,367
|
|
Lakes at Centerra Metropolitan District No.
2, (AG), Series A, 5.00%, 12/01/2049
|
|
500,000
|
503,089
|
|
Midcities Metropolitan District No. 2, (AG),
4.00%, 12/01/2046
|
|
2,499,000
|
2,279,331
|
|
Mirabelle Metropolitan District No. 2, (AG),
Series A, 4.50%, 12/01/2049
|
|
414,000
|
393,087
|
|
Pinon Pines Metropolitan District No. 3,
0.00%, 12/01/2054(a)
|
|
1,522,000
|
1,423,612
|
|
Public Authority for Colorado Energy, 6.50%,
11/15/2038
|
|
750,000
|
870,039
|
|
Total Colorado
|
|
20,100,924
|
|
|
CONNECTICUT—1.3%
|
|||
|
City of Ansonia
|
|
|
|
|
4.75%, 12/01/2045
|
|
210,000
|
213,232
|
|
4.75%, 12/01/2045
|
|
210,000
|
213,232
|
|
Connecticut State Health & Educational
Facilities Authority
|
|
|
|
|
Series F, 5.00%, 07/01/2037
|
|
675,000
|
675,126
|
|
Series G-1, 5.00%, 07/01/2044(b)
|
|
2,000,000
|
1,885,735
|
|
Series G-1, 5.00%, 07/01/2050(b)
|
|
500,000
|
451,043
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|||
|
Great Pond Improvement District, 5.75%,
10/01/2052(b)
|
$
|
1,115,000
|
$1,134,311
|
|
Mohegan Tribal Finance Authority, 7.00%,
02/01/2045(b)
|
|
2,675,000
|
2,695,243
|
|
Stamford Housing Authority, Series A,
6.50%, 10/01/2055
|
|
470,000
|
485,439
|
|
Total Connecticut
|
|
7,753,361
|
|
|
DELAWARE—0.4%
|
|||
|
County of Kent
|
|
|
|
|
Series A, 5.00%, 07/01/2048
|
|
225,000
|
212,029
|
|
Series A, 5.00%, 07/01/2053
|
|
105,000
|
95,782
|
|
Series A, 5.00%, 07/01/2058
|
|
435,000
|
388,442
|
|
Delaware State Economic Development
Authority, Series A, 5.00%, 06/01/2036
|
|
260,000
|
259,797
|
|
Delaware State Health Facilities Authority
|
|
|
|
|
5.00%, 06/01/2043
|
|
770,000
|
771,347
|
|
5.00%, 06/01/2048
|
|
385,000
|
370,102
|
|
Total Delaware
|
|
2,097,499
|
|
|
DISTRICT OF COLUMBIA—1.3%
|
|||
|
District of Columbia
|
|
|
|
|
5.00%, 10/01/2030
|
|
220,000
|
220,000
|
|
5.00%, 10/01/2035
|
|
850,000
|
837,157
|
|
5.00%, 10/01/2045
|
|
1,760,000
|
1,657,757
|
|
Series A, 5.00%, 06/01/2039(b)
|
|
250,000
|
235,909
|
|
Series A, 5.75%, 06/01/2054
|
|
250,000
|
227,822
|
|
Series A, 5.75%, 10/01/2055
|
|
665,000
|
670,869
|
|
Series A, 5.00%, 06/01/2056(b)
|
|
530,000
|
438,230
|
|
Series A, 6.00%, 06/01/2058
|
|
250,000
|
234,053
|
|
Series A, 5.00%, 06/01/2061(b)
|
|
1,000,000
|
812,031
|
|
Metropolitan Washington Airports Authority
Aviation Revenue
|
|
|
|
|
Series A, 5.50%, 10/01/2044
|
|
680,000
|
737,035
|
|
Series A, 4.50%, 10/01/2053
|
|
1,600,000
|
1,492,604
|
|
Total District of Columbia
|
|
7,563,467
|
|
|
FLORIDA—11.8%
|
|||
|
Arborwood Community Development
District
|
|
|
|
|
Series A-1, 6.90%, 05/01/2036(e)
|
|
60,000
|
60,031
|
|
Series A-2, 5.00%, 05/01/2036
|
|
130,000
|
131,087
|
|
Babcock Ranch Community Independent
Special District, Series 2024, 5.00%,
05/01/2044(b)
|
|
100,000
|
100,133
|
|
Bellalago Educational Facilities Benefit
District, 4.38%, 05/01/2030
|
|
250,000
|
250,126
|
|
Bexley Community Development District
|
|
|
|
|
4.70%, 05/01/2036
|
|
285,000
|
285,003
|
|
4.88%, 05/01/2047
|
|
655,000
|
630,513
|
|
Capital Projects Finance Authority
|
|
|
|
|
Series A, 6.75%, 06/15/2065(b)
|
|
1,045,000
|
1,046,122
|
|
Series A-1, 5.00%, 06/01/2049(b)
|
|
105,000
|
84,256
|
|
Series A-1, 5.00%, 06/01/2058(b)
|
|
440,000
|
348,526
|
|
Capital Region Community Development
District, Series A-1, 5.13%, 05/01/2039
|
|
550,000
|
550,960
|
|
Capital Trust Agency, Inc.
|
|
|
|
|
Series A, 5.38%, 06/15/2038(b)
|
|
100,000
|
97,678
|
|
Series A, 5.00%, 06/15/2039(b)
|
|
520,000
|
495,894
|
|
Series A, 5.00%, 10/15/2047(b)
|
|
110,000
|
103,752
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
MUNICIPAL BONDS (continued)
|
|
||
|
FLORIDA (continued)
|
|||
|
Capital Trust Agency, Inc. (continued)
|
|
|
|
|
Series A, 5.38%, 06/15/2048(b)
|
$
|
370,000
|
$342,381
|
|
Series A, 5.00%, 06/15/2049(b)
|
|
2,035,000
|
1,831,626
|
|
Series A, 5.00%, 10/15/2052(b)
|
|
100,000
|
90,921
|
|
Capital Trust Authority
|
|
|
|
|
Series A, 6.00%, 06/15/2054(b)
|
|
205,000
|
207,921
|
|
Series A, 5.13%, 12/15/2059
|
|
1,580,000
|
1,378,508
|
|
Series A, 6.13%, 06/15/2060(b)
|
|
655,000
|
664,598
|
|
Series A, 5.38%, 07/01/2065(b)
|
|
300,000
|
283,268
|
|
Charlotte County Industrial Development
Authority, 6.13%, 10/01/2055
|
|
450,000
|
460,169
|
|
City of Jacksonville, Series B, 5.00%,
06/01/2053(b)
|
|
435,000
|
387,025
|
|
City of South Miami Health Facilities
Authority, Inc., 4.00%, 08/15/2047
|
|
2,460,000
|
2,184,167
|
|
City of Tallahassee
|
|
|
|
|
Series A, 5.00%, 12/01/2040
|
|
1,060,000
|
1,060,045
|
|
Series A, 5.00%, 12/01/2044
|
|
525,000
|
517,206
|
|
Series A, 5.00%, 12/01/2055
|
|
75,000
|
71,526
|
|
City of Tampa, 5.00%, 04/01/2040
|
|
255,000
|
255,166
|
|
City of Venice, Series A, 5.63%,
01/01/2060(b)
|
|
405,000
|
400,801
|
|
Coastal Ridge Community Development
District, 6.00%, 05/01/2055
|
|
465,000
|
470,559
|
|
County of Lee Airport Revenue, Series A-1,
5.50%, 10/01/2056
|
|
805,000
|
837,508
|
|
County of Miami-Dade Aviation Revenue,
Series A, 5.50%, 10/01/2055
|
|
1,930,000
|
2,006,350
|
|
County of Miami-Dade Seaport Department,
Series A, 5.25%, 10/01/2052
|
|
135,000
|
136,119
|
|
County of Palm Beach, Series A, 5.00%,
06/01/2057(b)
|
|
1,000,000
|
870,958
|
|
County of Pasco, (AG), Series A, 5.75%,
09/01/2054
|
|
390,000
|
413,753
|
|
County of Pasco Solid Waste Disposal &
Resource Recovery System Revenue, Series
A, 5.25%, 10/01/2056
|
|
200,000
|
203,985
|
|
Del Webb Bexley Community Development
District, 5.40%, 05/01/2049
|
|
510,000
|
512,811
|
|
Escambia County Health Facilities Authority,
Series A, 4.00%, 08/15/2050
|
|
1,500,000
|
1,267,592
|
|
Estancia at Wiregrass Community
Development District
|
|
|
|
|
7.00%, 11/01/2045
|
|
505,000
|
512,370
|
|
Series 2015, 5.38%, 11/01/2046
|
|
270,000
|
270,054
|
|
Florida Development Finance Corp.
|
|
|
|
|
(AG), 5.00%, 07/01/2044
|
|
3,000,000
|
2,945,485
|
|
(AG), 5.25%, 07/01/2053
|
|
4,250,000
|
4,153,523
|
|
Series A, 6.25%, 06/15/2036(b)
|
|
110,000
|
110,078
|
|
Series A, 6.00%, 06/15/2037(b)
|
|
335,000
|
336,014
|
|
Series A, 6.38%, 06/15/2046(b)
|
|
505,000
|
505,162
|
|
Series A, 6.13%, 06/15/2047(b)
|
|
705,000
|
698,069
|
|
Series A, 4.00%, 07/01/2051(b)
|
|
400,000
|
327,953
|
|
Series A, 4.38%, 10/01/2054(b)
|
|
1,025,000
|
1,028,183
|
|
Series A1, 5.25%, 06/01/2054(b)
|
|
475,000
|
457,609
|
|
Series C, 5.00%, 09/15/2050(b)
|
|
135,000
|
120,697
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|||
|
Florida Higher Educational Facilities
Financing Authority
|
|
|
|
|
Series A-1, 4.50%, 06/01/2033(b)
|
$
|
370,000
|
$363,760
|
|
Series A-1, 4.75%, 06/01/2038(b)
|
|
450,000
|
429,573
|
|
Series A-1, 5.00%, 06/01/2048(b)
|
|
710,000
|
646,019
|
|
Florida Local Government Finance
Commission
|
|
|
|
|
Series A, 11.00%, 12/22/2030(b)
|
|
600,000
|
636,293
|
|
Series A, 6.88%, 11/15/2064(b)
|
|
680,000
|
715,653
|
|
Series A, 6.13%, 06/15/2065(b)
|
|
1,360,000
|
1,363,258
|
|
Greater Orlando Aviation Authority, Series A,
5.00%, 10/01/2049
|
|
5,120,000
|
5,110,428
|
|
Hillsborough County Industrial Development
Authority, Series A, 4.00%, 08/01/2050
|
|
1,000,000
|
860,046
|
|
Lakewood Ranch Stewardship District
|
|
|
|
|
4.88%, 05/01/2035
|
|
200,000
|
200,465
|
|
4.88%, 05/01/2045
|
|
245,000
|
244,369
|
|
5.38%, 05/01/2047
|
|
570,000
|
570,875
|
|
6.30%, 05/01/2054
|
|
225,000
|
235,773
|
|
Lee County Industrial Development
Authority
|
|
|
|
|
5.00%, 11/15/2044
|
|
440,000
|
445,507
|
|
5.00%, 11/15/2049
|
|
1,120,000
|
1,120,570
|
|
Series C, 5.00%, 11/15/2054
|
|
2,190,000
|
2,152,897
|
|
Legends Bay Community Development
District, Series A, 5.88%, 05/01/2038
|
|
240,000
|
240,200
|
|
Miami Beach Health Facilities Authority
|
|
|
|
|
Series B, 3.00%, 11/15/2051
|
|
4,630,000
|
3,267,964
|
|
Series B, 4.00%, 11/15/2051
|
|
3,050,000
|
2,572,767
|
|
Miami-Dade County Industrial Development
Authority, 5.25%, 09/15/2044
|
|
1,105,000
|
1,064,436
|
|
Midtown Miami Community Development
District
|
|
|
|
|
Series A, 5.00%, 05/01/2037
|
|
200,000
|
192,477
|
|
Series B, 5.00%, 05/01/2029
|
|
205,000
|
205,065
|
|
Series B, 5.00%, 05/01/2037
|
|
115,000
|
110,674
|
|
Naturewalk Community Development
District, Series B, 5.30%, 05/01/2016(c)(g)
|
|
445,000
|
169,100
|
|
Newfield Community Development District,
5.90%, 05/01/2056
|
|
465,000
|
468,598
|
|
Orange County Health Facilities Authority
|
|
|
|
|
Series A, 4.00%, 08/01/2047
|
|
4,000,000
|
3,483,744
|
|
Series A, 5.25%, 10/01/2056
|
|
2,510,000
|
2,566,145
|
|
Palm Beach County Educational Facilities
Authority, Series 2024, 5.25%,
10/01/2053
|
|
120,000
|
114,834
|
|
Palm Beach County Health Facilities
Authority
|
|
|
|
|
Series A, 5.00%, 11/01/2052
|
|
245,000
|
232,726
|
|
Series B, 5.13%, 05/15/2046
|
|
250,000
|
250,076
|
|
Series B, 5.00%, 11/15/2055
|
|
215,000
|
211,883
|
|
Series B, 5.63%, 05/15/2061
|
|
1,000,000
|
1,001,323
|
|
Sarasota County Health Facilities Authority
|
|
|
|
|
Series A, 5.00%, 01/01/2047
|
|
235,000
|
225,792
|
|
Series A, 5.00%, 01/01/2052
|
|
430,000
|
392,959
|
|
Seminole County Industrial Development
Authority, Series A, 5.25%, 11/15/2039
|
|
4,325,000
|
4,250,154
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
MUNICIPAL BONDS (continued)
|
|
||
|
FLORIDA (continued)
|
|||
|
Sterling Hill Community Development
District, Series B, 5.50%, 11/01/2010(c)(g)
|
$
|
152,041
|
$57,776
|
|
Village Community Development District
No. 15, 5.25%, 05/01/2054(b)
|
|
400,000
|
396,475
|
|
Total Florida
|
|
69,074,895
|
|
|
GEORGIA—1.5%
|
|||
|
Atlanta Development Authority
|
|
|
|
|
Series 1, 0.00%, 12/15/2048(a)(b)
|
|
591,000
|
541,406
|
|
Series A, 5.50%, 04/01/2039(b)
|
|
650,000
|
659,369
|
|
Columbia County Hospital Authority, Series
A, 5.75%, 04/01/2053
|
|
960,000
|
1,015,972
|
|
George L Smith II Congress Center Authority
|
|
|
|
|
Series B, 3.63%, 01/01/2031(b)
|
|
330,000
|
316,851
|
|
Series B, 5.00%, 01/01/2036(b)
|
|
100,000
|
100,428
|
|
Series B, 5.00%, 01/01/2054(b)
|
|
955,000
|
898,801
|
|
Main Street Natural Gas, Inc.
|
|
|
|
|
Series A, 5.50%, 09/15/2026
|
|
285,000
|
285,744
|
|
Series A, 5.50%, 09/15/2028
|
|
430,000
|
448,813
|
|
Municipal Electric Authority of Georgia
|
|
|
|
|
(AG), Series A, 5.00%, 07/01/2064
|
|
1,360,000
|
1,372,202
|
|
Series A, 5.50%, 07/01/2064
|
|
895,000
|
909,689
|
|
Savannah Georgia Convention Center
Authority
|
|
|
|
|
Series A, 5.25%, 06/01/2061
|
|
400,000
|
387,235
|
|
Series B, 6.00%, 06/01/2050(b)
|
|
815,000
|
800,538
|
|
Series B, 6.25%, 06/01/2061(b)
|
|
1,075,000
|
1,081,752
|
|
Total Georgia
|
|
8,818,800
|
|
|
HAWAII—0.4%
|
|||
|
State of Hawaii Airports System Revenue,
Series A, 5.50%, 07/01/2054
|
|
1,555,000
|
1,631,563
|
|
State of Hawaii Department of Budget &
Finance
|
|
|
|
|
Series A, 5.00%, 01/01/2030(b)
|
|
295,000
|
292,315
|
|
Series A, 5.00%, 01/01/2035(b)
|
|
125,000
|
120,833
|
|
Series A, 5.00%, 01/01/2045(b)
|
|
360,000
|
320,892
|
|
Total Hawaii
|
|
2,365,603
|
|
|
IDAHO—0.1%
|
|||
|
Idaho Health Facilities Authority, 5.00%,
09/01/2037
|
|
240,000
|
237,167
|
|
Idaho Housing & Finance Association, Series
A, 6.00%, 07/01/2049(b)
|
|
305,000
|
306,148
|
|
Total Idaho
|
|
543,315
|
|
|
ILLINOIS—9.4%
|
|||
|
Chicago Board of Education
|
|
|
|
|
(NPFG), Series A, 0.00%, 12/01/2028(d)
|
|
530,000
|
486,040
|
|
(NPFG), Series A, 0.00%, 12/01/2029(d)
|
|
460,000
|
404,509
|
|
(NPFG), Series A, 0.00%, 12/01/2030(d)
|
|
190,000
|
159,925
|
|
Series A, 5.00%, 12/01/2042
|
|
960,000
|
913,904
|
|
Series A, 7.00%, 12/01/2046(b)
|
|
1,395,000
|
1,420,421
|
|
Series A, 6.00%, 12/01/2049
|
|
2,495,000
|
2,544,766
|
|
Series A, 5.75%, 12/01/2050
|
|
1,215,000
|
1,220,120
|
|
Series B, 4.00%, 12/01/2039
|
|
455,000
|
396,305
|
|
Series B, 4.00%, 12/01/2041
|
|
580,000
|
497,877
|
|
(NPFG), Series B-1, 0.00%, 12/01/2028(d)
|
|
565,000
|
518,137
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|||
|
Chicago Board of Education Dedicated
Capital Improvement Tax
|
|
|
|
|
5.00%, 04/01/2036
|
$
|
100,000
|
$100,511
|
|
5.00%, 04/01/2037
|
|
200,000
|
200,640
|
|
5.00%, 04/01/2045
|
|
545,000
|
543,202
|
|
5.00%, 04/01/2046
|
|
665,000
|
651,230
|
|
6.00%, 04/01/2046
|
|
5,105,000
|
5,161,339
|
|
5.75%, 04/01/2048
|
|
1,225,000
|
1,281,619
|
|
Chicago Midway International Airport,
(BAM), Series A, 5.50%, 01/01/2053
|
|
465,000
|
479,609
|
|
Chicago O'Hare International Airport
|
|
|
|
|
5.00%, 07/01/2048
|
|
1,050,000
|
1,031,502
|
|
Series A, 5.00%, 01/01/2048
|
|
990,000
|
988,237
|
|
Series A, 5.00%, 01/01/2053
|
|
3,570,000
|
3,527,684
|
|
Series A, 5.50%, 01/01/2055
|
|
2,625,000
|
2,678,344
|
|
City of Chicago
|
|
|
|
|
Series A, 5.00%, 01/01/2033
|
|
2,450,000
|
2,495,441
|
|
(BAM), Series A, 6.00%, 01/01/2046
|
|
2,445,000
|
2,636,168
|
|
Du Page County Special Service Area No. 31,
5.63%, 03/01/2036
|
|
498,000
|
498,009
|
|
Illinois Finance Authority
|
|
|
|
|
5.00%, 03/01/2034
|
|
75,000
|
75,335
|
|
5.00%, 03/01/2038
|
|
85,000
|
82,688
|
|
5.00%, 03/01/2042
|
|
50,000
|
46,328
|
|
5.00%, 03/01/2047
|
|
100,000
|
90,794
|
|
5.00%, 03/01/2052
|
|
85,000
|
73,895
|
|
Series A, 5.00%, 02/15/2047
|
|
390,000
|
360,751
|
|
Series A, 5.00%, 08/01/2047
|
|
305,000
|
289,069
|
|
Series A, 5.00%, 02/15/2050
|
|
95,000
|
86,122
|
|
Series A, 5.00%, 05/15/2051
|
|
1,000,000
|
901,867
|
|
Series A, 5.00%, 08/15/2051
|
|
4,355,000
|
4,354,474
|
|
Series A, 5.25%, 10/01/2052
|
|
2,000,000
|
1,902,811
|
|
Series A, 5.38%, 11/01/2055
|
|
100,000
|
97,830
|
|
Series A, 6.75%, 05/15/2058
|
|
1,785,000
|
1,873,569
|
|
(Pre-refunded @ $100.000000,
02/15/2027), Series C, 4.00%,
02/15/2041
|
|
5,000
|
5,033
|
|
Series C, 4.00%, 02/15/2041
|
|
5,000
|
4,659
|
|
Series C, 5.00%, 02/15/2041
|
|
320,000
|
321,102
|
|
Series C, 5.00%, 08/01/2046
|
|
240,000
|
228,681
|
|
Series C, 5.00%, 08/01/2049
|
|
235,000
|
218,635
|
|
Illinois Housing Development Authority,
(GNMA/FNMA/FHLMC), Series A, 4.90%,
04/01/2047
|
|
390,000
|
390,999
|
|
Metropolitan Pier & Exposition Authority,
(BAM), Series B, 0.00%, 12/15/2054(d)
|
|
8,000,000
|
1,896,109
|
|
St. Clair County Community Unit School
District No. 187 Cahokia, (AG), Series B,
5.00%, 01/01/2044
|
|
175,000
|
180,079
|
|
State of Illinois
|
|
|
|
|
4.50%, 11/01/2039
|
|
415,000
|
408,043
|
|
5.00%, 11/01/2040
|
|
1,240,000
|
1,241,676
|
|
5.75%, 05/01/2045
|
|
475,000
|
497,232
|
|
Series A, 5.50%, 03/01/2047
|
|
2,625,000
|
2,728,269
|
|
Series B, 5.50%, 05/01/2047
|
|
280,000
|
291,074
|
|
Upper Illinois River Valley Development
Authority
|
|
|
|
|
5.00%, 12/01/2043
|
|
1,180,000
|
1,172,375
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
MUNICIPAL BONDS (continued)
|
|
||
|
ILLINOIS (continued)
|
|||
|
Upper Illinois River Valley Development
Authority (continued)
|
|
|
|
|
5.00%, 12/01/2048
|
$
|
1,175,000
|
$1,151,580
|
|
Village of Bridgeview, (AMBAC), 5.14%,
12/01/2036
|
|
2,585,000
|
2,385,358
|
|
Village of Lincolnshire, 6.25%, 03/01/2034
|
|
422,000
|
422,595
|
|
Village of Romeoville, 5.00%, 10/01/2042
|
|
400,000
|
378,816
|
|
Total Illinois
|
|
54,993,387
|
|
|
INDIANA—1.1%
|
|||
|
Fishers Town Hall Building Corp., (BAM),
Series A, 5.75%, 01/15/2063
|
|
2,150,000
|
2,299,607
|
|
Indiana Finance Authority
|
|
|
|
|
5.75%, 06/01/2053
|
|
145,000
|
152,443
|
|
Series A, 5.38%, 03/01/2055
|
|
465,000
|
467,778
|
|
Series A, 5.38%, 06/01/2064
|
|
820,000
|
799,262
|
|
Series A-1, 4.50%, 05/01/2035
|
|
1,970,000
|
1,979,553
|
|
Series B, 5.50%, 05/01/2054
|
|
395,000
|
398,314
|
|
Indianapolis Local Public Improvement Bond
Bank
|
|
|
|
|
Series E, 6.13%, 03/01/2057
|
|
300,000
|
309,963
|
|
(BAM), Series F-1, 5.25%, 03/01/2067
|
|
180,000
|
184,267
|
|
Total Indiana
|
|
6,591,187
|
|
|
IOWA—0.2%
|
|||
|
Iowa Finance Authority
|
|
|
|
|
Series A, 5.00%, 03/01/2038
|
|
160,000
|
160,351
|
|
Series A, 5.00%, 03/01/2048
|
|
285,000
|
274,057
|
|
Series A, 4.00%, 05/15/2053
|
|
1,000,000
|
789,118
|
|
Total Iowa
|
|
1,223,526
|
|
|
KANSAS—0.8%
|
|||
|
City of Hutchinson, 5.00%, 12/01/2036
|
|
165,000
|
154,054
|
|
City of Lenexa
|
|
|
|
|
Series A, 5.00%, 05/15/2030
|
|
185,000
|
186,549
|
|
Series A, 5.00%, 05/15/2032
|
|
165,000
|
166,006
|
|
Series A, 5.00%, 05/15/2039
|
|
220,000
|
219,851
|
|
City of Manhattan
|
|
|
|
|
Series A, 4.00%, 06/01/2052
|
|
610,000
|
486,068
|
|
Series A, 5.50%, 06/01/2060
|
|
465,000
|
463,945
|
|
City of Topeka, Series A, 6.50%, 12/01/2052
|
|
640,000
|
650,522
|
|
City of Wichita
|
|
|
|
|
Series I, 5.00%, 05/15/2038
|
|
360,000
|
351,020
|
|
Series I, 5.00%, 05/15/2047
|
|
375,000
|
332,766
|
|
Series VII-A, 6.75%, 06/01/2060
|
|
755,000
|
771,791
|
|
Wyandotte County-Kansas City Unified
Government Utility System Revenue,
Series A, 5.00%, 09/01/2044
|
|
615,000
|
615,362
|
|
Total Kansas
|
|
4,397,934
|
|
|
KENTUCKY—1.1%
|
|||
|
City of Henderson, Series B, 4.45%,
01/01/2042(b)
|
|
565,000
|
556,010
|
|
Kentucky Economic Development Finance
Authority
|
|
|
|
|
5.38%, 11/15/2042
|
|
835,000
|
722,917
|
|
5.50%, 11/15/2045
|
|
265,000
|
227,636
|
|
Series A, 5.00%, 06/01/2037
|
|
410,000
|
410,085
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|||
|
Kentucky Economic Development Finance
Authority (continued)
|
|
|
|
|
Series A, 5.00%, 06/01/2041
|
$
|
350,000
|
$345,449
|
|
Series A, 5.00%, 06/01/2045
|
|
440,000
|
435,759
|
|
Series A, 5.00%, 05/15/2046
|
|
1,370,000
|
1,163,234
|
|
Series A, 6.25%, 11/15/2046
|
|
1,195,000
|
836,801
|
|
Series A, 5.00%, 05/15/2051
|
|
345,000
|
277,102
|
|
Series A, 6.38%, 11/15/2051
|
|
1,145,000
|
783,364
|
|
Louisville/Jefferson County Metropolitan
Government
|
|
|
|
|
Series A, 5.00%, 05/01/2034
|
|
160,000
|
145,879
|
|
Series A, 5.00%, 05/01/2035
|
|
260,000
|
233,585
|
|
Total Kentucky
|
|
6,137,821
|
|
|
LOUISIANA—2.5%
|
|||
|
Louisiana Local Government Environmental
Facilities & Community Development
Authority
|
|
|
|
|
Series A, 5.75%, 02/01/2032(b)
|
|
90,000
|
88,860
|
|
Series A, 6.00%, 11/15/2035
|
|
375,000
|
375,742
|
|
Series A, 6.13%, 02/01/2037(b)
|
|
755,000
|
740,123
|
|
Series A, 5.63%, 06/01/2045
|
|
2,190,000
|
1,796,723
|
|
Series A, 6.25%, 11/15/2045
|
|
1,070,000
|
1,072,411
|
|
Series A, 6.25%, 02/01/2047(b)
|
|
610,000
|
576,134
|
|
Louisiana Public Facilities Authority
|
|
|
|
|
5.25%, 10/01/2046(e)
|
|
1,790,000
|
1,800,671
|
|
5.50%, 09/01/2059
|
|
2,000,000
|
2,025,040
|
|
5.75%, 09/01/2064
|
|
1,605,000
|
1,651,175
|
|
Series A, 4.00%, 06/01/2051(b)
|
|
1,090,000
|
789,297
|
|
Series A, 6.38%, 06/01/2062(b)
|
|
455,000
|
446,786
|
|
Series A-1, 5.10%, 01/01/2057(b)
|
|
3,105,000
|
2,304,545
|
|
Series C, 4.00%, 06/01/2051(b)
|
|
490,000
|
354,821
|
|
Port New Orleans Board of Commissioners,
(AG), Series B, 5.50%, 04/01/2054
|
|
605,000
|
623,435
|
|
Total Louisiana
|
|
14,645,763
|
|
|
MAINE—0.5%
|
|||
|
Finance Authority of Maine, (AG), Series A-1,
5.00%, 12/01/2045
|
|
365,000
|
353,607
|
|
Maine Health & Higher Educational Facilities
Authority
|
|
|
|
|
(AG), Series A, 4.38%, 07/01/2048
|
|
1,000,000
|
950,637
|
|
(AG), Series A, 4.38%, 07/01/2053
|
|
1,500,000
|
1,374,379
|
|
Total Maine
|
|
2,678,623
|
|
|
MARYLAND—0.5%
|
|||
|
City of Baltimore, Series A, 5.00%,
09/01/2038
|
|
205,000
|
205,971
|
|
City of Rockville, Series B, 5.00%,
11/01/2042
|
|
205,000
|
202,241
|
|
County of Howard
|
|
|
|
|
Series A, 4.38%, 02/15/2039(b)
|
|
100,000
|
97,798
|
|
Series A, 4.50%, 02/15/2047(b)
|
|
505,000
|
473,431
|
|
Maryland Health & Higher Educational
Facilities Authority
|
|
|
|
|
Series A, 5.50%, 01/01/2036
|
|
475,000
|
477,551
|
|
Series A, 5.00%, 07/01/2038
|
|
795,000
|
800,232
|
|
Series A, 5.50%, 07/01/2056
|
|
115,000
|
118,785
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
MUNICIPAL BONDS (continued)
|
|
||
|
MARYLAND (continued)
|
|||
|
Maryland Stadium Authority, (ST
INTERCEPT), Series C, 0.00%,
05/01/2053(d)
|
$
|
2,940,000
|
$758,914
|
|
Total Maryland
|
|
3,134,923
|
|
|
MASSACHUSETTS—1.3%
|
|||
|
Collegiate Charter School of Lowell
|
|
|
|
|
5.00%, 06/15/2029
|
|
45,000
|
45,019
|
|
5.00%, 06/15/2054
|
|
40,000
|
37,007
|
|
Massachusetts Development Finance Agency
|
|
|
|
|
4.00%, 07/01/2040
|
|
100,000
|
88,686
|
|
5.00%, 10/01/2047(b)
|
|
330,000
|
326,096
|
|
5.25%, 07/01/2050
|
|
375,000
|
381,002
|
|
5.00%, 10/01/2057(b)
|
|
1,130,000
|
1,072,828
|
|
5.25%, 06/01/2065
|
|
495,000
|
501,073
|
|
Series A, 6.75%, 10/15/2037(b)(c)
|
|
2,375,865
|
24
|
|
Series A, 5.00%, 07/01/2044
|
|
105,000
|
101,909
|
|
Series A, 6.00%, 10/01/2049
|
|
400,000
|
431,687
|
|
Series G, 4.38%, 07/01/2052
|
|
1,095,000
|
935,681
|
|
Massachusetts Educational Financing
Authority
|
|
|
|
|
Series B, 5.50%, 07/01/2055
|
|
340,000
|
332,210
|
|
Series C, 4.13%, 07/01/2046
|
|
1,490,000
|
1,261,011
|
|
Series C, 4.13%, 07/01/2052
|
|
1,775,000
|
1,421,945
|
|
Series D, 5.00%, 07/01/2054
|
|
950,000
|
894,179
|
|
Total Massachusetts
|
|
7,830,357
|
|
|
MICHIGAN—1.8%
|
|||
|
Grand Rapids Economic Development Corp.
|
|
|
|
|
Series A, 5.00%, 11/01/2037
|
|
45,000
|
44,319
|
|
Series A, 5.00%, 11/01/2047
|
|
110,000
|
99,231
|
|
Series A, 6.13%, 11/01/2060
|
|
1,950,000
|
1,956,688
|
|
Kalamazoo Economic Development Corp.,
Series A, 6.25%, 08/15/2061(b)
|
|
430,000
|
437,260
|
|
Michigan Finance Authority
|
|
|
|
|
3.25%, 11/15/2042
|
|
570,000
|
458,109
|
|
Series A, 4.00%, 02/15/2050
|
|
4,500,000
|
3,876,054
|
|
Michigan State Housing Development
Authority, (HUD), Series A, 4.75%,
10/01/2059
|
|
1,305,000
|
1,265,684
|
|
Michigan Strategic Fund, 5.00%,
07/01/2051(g)
|
|
100,000
|
2,000
|
|
Michigan Technological University, (AG),
Series A, 5.25%, 10/01/2052
|
|
1,675,000
|
1,711,452
|
|
Waterford Charter
|
|
|
|
|
5.00%, 07/01/2046(c)(g)
|
|
430,000
|
8,600
|
|
5.00%, 07/01/2051(c)(g)
|
|
430,000
|
8,600
|
|
Wayne County Airport Authority, Series B,
5.75%, 12/01/2050
|
|
400,000
|
427,610
|
|
Total Michigan
|
|
10,295,607
|
|
|
MINNESOTA—2.1%
|
|||
|
City of Apple Valley
|
|
|
|
|
Series B, 5.00%, 01/01/2047
|
|
715,000
|
373,093
|
|
Series D, 7.00%, 01/01/2037
|
|
685,000
|
351,359
|
|
Series D, 7.25%, 01/01/2052
|
|
1,035,000
|
426,989
|
|
City of Hayward, 5.75%, 02/01/2044(c)
|
|
500,000
|
332,423
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|||
|
City of Minneapolis
|
|
|
|
|
5.00%, 11/01/2035
|
$
|
220,000
|
$216,174
|
|
5.25%, 11/01/2045
|
|
850,000
|
818,940
|
|
City of Rochester, Series A, 6.88%,
12/01/2048
|
|
1,220,000
|
1,220,679
|
|
City of Shakopee Senior Housing Revenue,
5.13%, 11/01/2040
|
|
1,315,000
|
1,326,284
|
|
Duluth Economic Development Authority
|
|
|
|
|
Series A, 4.25%, 02/15/2043
|
|
340,000
|
316,704
|
|
Series A, 5.00%, 02/15/2043
|
|
510,000
|
514,068
|
|
Series A, 4.25%, 02/15/2048
|
|
595,000
|
524,262
|
|
Series A, 5.00%, 02/15/2048
|
|
395,000
|
393,355
|
|
Housing & Redevelopment Authority of The
City of St. Paul Minnesota
|
|
|
|
|
Series A, 5.50%, 07/01/2038(b)
|
|
240,000
|
240,346
|
|
Series A, 5.50%, 07/01/2052(b)
|
|
305,000
|
285,331
|
|
Minnesota Health & Education Facilities
Authority
|
|
|
|
|
5.00%, 10/01/2043
|
|
600,000
|
594,206
|
|
5.13%, 10/01/2048
|
|
750,000
|
735,892
|
|
Minnesota Housing Finance Agency
|
|
|
|
|
(GNMA/FNMA/FHLMC), Series L, 4.60%,
07/01/2045(f)
|
|
2,700,000
|
2,671,000
|
|
(GNMA/FNMA/FHLMC), Series L, 4.75%,
01/01/2048(f)
|
|
750,000
|
738,691
|
|
Total Minnesota
|
|
12,079,796
|
|
|
MISSISSIPPI—2.2%
|
|||
|
Medical Center Educational Building Corp.,
Series A, 4.00%, 06/01/2053
|
|
2,215,000
|
1,967,597
|
|
Mississippi Business Finance Corp.
|
|
|
|
|
VRDN, Series A, 3.29%, 11/01/2032(e)
|
|
2,535,000
|
2,535,000
|
|
VRDN, Series FIRST, 3.10%, 11/01/2052(e)
|
|
1,300,000
|
1,300,000
|
|
VRDN, Series H, 3.05%, 11/01/2035(e)
|
|
500,000
|
500,000
|
|
VRDN, Series J, 2.95%, 11/01/2035(e)
|
|
5,000,000
|
5,000,000
|
|
Mississippi Development Bank
|
|
|
|
|
4.55%, 11/01/2039(b)
|
|
490,000
|
476,116
|
|
(AG), 6.88%, 12/01/2040
|
|
90,000
|
92,484
|
|
Mississippi Home Corp.,
(GNMA/FNMA/FHLMC), Series C, 4.65%,
12/01/2048
|
|
1,000,000
|
986,243
|
|
Total Mississippi
|
|
12,857,440
|
|
|
MISSOURI—0.8%
|
|||
|
Industrial Development Authority of the City
of St. Louis Missouri
|
|
|
|
|
Series A, 3.88%, 11/15/2029
|
|
95,000
|
91,683
|
|
Series A, 4.38%, 11/15/2035
|
|
405,000
|
379,478
|
|
Kansas City Industrial Development
Authority, Series B, 5.00%, 03/01/2054
|
|
1,540,000
|
1,516,520
|
|
Kansas City Land Clearance Redevelopment
Authority
|
|
|
|
|
Series B, 5.00%, 02/01/2040(b)
|
|
200,000
|
200,567
|
|
Series B, 5.00%, 02/01/2050(b)
|
|
1,015,000
|
991,665
|
|
St. Louis County Industrial Development
Authority
|
|
|
|
|
Series A, 5.00%, 08/15/2030
|
|
125,000
|
125,001
|
|
Series A, 5.00%, 08/15/2035
|
|
115,000
|
112,601
|
|
Series A, 5.13%, 08/15/2045
|
|
220,000
|
199,437
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
MUNICIPAL BONDS (continued)
|
|
||
|
MISSOURI (continued)
|
|||
|
St. Louis County Industrial Development
Authority (continued)
|
|
|
|
|
Series A, 5.13%, 12/01/2045
|
$
|
630,000
|
$625,116
|
|
Series A, 5.25%, 09/01/2053
|
|
600,000
|
590,648
|
|
Total Missouri
|
|
4,832,716
|
|
|
MONTANA—0.3%
|
|||
|
City of Kalispell, Series A, 6.00%,
05/15/2060
|
|
720,000
|
729,512
|
|
Montana Facility Finance Authority, Series A,
5.50%, 11/15/2046
|
|
1,075,000
|
1,060,030
|
|
Total Montana
|
|
1,789,542
|
|
|
NEBRASKA—0.1%
|
|||
|
Omaha Airport Authority, (AG), 5.25%,
12/15/2049
|
|
500,000
|
514,518
|
|
NEVADA—0.4%
|
|||
|
State of Nevada Department of Business &
Industry
|
|
|
|
|
Series A, 5.00%, 12/15/2035(b)
|
|
265,000
|
265,004
|
|
Series A, 5.00%, 07/15/2037
|
|
400,000
|
394,486
|
|
Series A, 5.13%, 12/15/2045(b)
|
|
550,000
|
524,789
|
|
Series A, 5.00%, 07/15/2047
|
|
685,000
|
623,682
|
|
Series A, 5.00%, 12/15/2048(b)
|
|
390,000
|
356,690
|
|
Total Nevada
|
|
2,164,651
|
|
|
NEW HAMPSHIRE—5.3%
|
|||
|
New Hampshire Business Finance Authority
|
|
|
|
|
0.00%, 12/01/2031(b)(d)
|
|
1,512,980
|
1,104,484
|
|
5.38%, 12/01/2031(b)
|
|
375,000
|
372,294
|
|
5.95%, 12/01/2031(b)
|
|
702,000
|
701,585
|
|
0.00%, 12/15/2032(b)(d)
|
|
1,023,000
|
668,065
|
|
0.00%, 12/15/2033(b)(d)
|
|
996,000
|
635,229
|
|
6.50%, 12/01/2034(b)
|
|
1,484,000
|
1,484,353
|
|
5.88%, 12/15/2036(b)
|
|
575,000
|
575,590
|
|
Series 1, 4.13%, 04/20/2043
|
|
1,497,784
|
1,442,986
|
|
Series 1, 5.10%, 12/20/2042
|
|
6,500,000
|
6,648,626
|
|
Series 2, 4.06%, 11/20/2039(e)
|
|
1,041,721
|
1,002,741
|
|
Series 2, 4.03%, 10/01/2051(e)
|
|
1,973,111
|
1,882,364
|
|
Series 2, 4.00%, 10/20/2036
|
|
872,177
|
848,810
|
|
Series 2, 3.63%, 08/20/2039
|
|
981,609
|
923,064
|
|
Series 2, 4.40%, 02/20/2043
|
|
799,015
|
769,117
|
|
Series 2022-1, 4.38%, 09/20/2036
|
|
1,525,326
|
1,520,042
|
|
Series 2025-2, 4.22%, 11/20/2042(e)
|
|
1,980,310
|
1,877,628
|
|
Series 2025-2, 4.22%, 11/20/2042(e)
|
|
1,684,185
|
1,525,656
|
|
Series 2026-1, 4.25%, 07/20/2041
|
|
1,996,491
|
1,884,083
|
|
Series 2026-1, 4.25%, 07/20/2041
|
|
499,123
|
449,777
|
|
Series A, 5.00%, 05/15/2034(b)
|
|
2,730,000
|
2,708,514
|
|
Series A, 5.25%, 07/01/2048
|
|
1,250,000
|
1,262,981
|
|
(BAM), Series A, 5.25%, 06/01/2051
|
|
435,000
|
447,055
|
|
Series A, 5.25%, 11/01/2054
|
|
195,000
|
195,231
|
|
Total New Hampshire
|
|
30,930,275
|
|
|
NEW JERSEY—2.3%
|
|||
|
Camden County Improvement Authority,
6.00%, 06/15/2062
|
|
685,000
|
698,765
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|||
|
New Jersey Economic Development
Authority
|
|
|
|
|
5.50%, 01/01/2027
|
$
|
60,000
|
$60,126
|
|
(AG), 5.00%, 01/01/2031
|
|
370,000
|
375,257
|
|
5.38%, 01/01/2043
|
|
1,215,000
|
1,215,992
|
|
6.63%, 01/01/2045(b)
|
|
680,000
|
713,801
|
|
AMT, Series B, 5.63%, 11/15/2030
|
|
505,000
|
505,691
|
|
Series B, 6.50%, 04/01/2031
|
|
2,035,000
|
2,037,100
|
|
New Jersey Higher Education Student
Assistance Authority
|
|
|
|
|
Series 1, 5.50%, 12/01/2055
|
|
235,000
|
235,644
|
|
Series B, 4.00%, 12/01/2041
|
|
1,545,000
|
1,485,427
|
|
Series B, 5.25%, 12/01/2056
|
|
200,000
|
194,535
|
|
Series C, 5.00%, 12/01/2053
|
|
175,000
|
166,764
|
|
Series C, 5.25%, 12/01/2054
|
|
110,000
|
107,143
|
|
New Jersey Housing & Mortgage Finance
Agency, (FHA), (GNMA), Series B, 5.25%,
12/20/2065
|
|
2,666,527
|
2,766,947
|
|
New Jersey Transportation Trust Fund
Authority
|
|
|
|
|
Series AA, 4.25%, 06/15/2044
|
|
1,180,000
|
1,124,787
|
|
(AMBAC), Series C, 0.00%, 12/15/2035(d)
|
|
525,000
|
363,783
|
|
(AMBAC), Series C, 0.00%, 12/15/2036(d)
|
|
1,375,000
|
904,013
|
|
Passaic County Improvement Authority,
Series A, 5.00%, 01/01/2060
|
|
325,000
|
293,640
|
|
Total New Jersey
|
|
13,249,415
|
|
|
NEW YORK—10.9%
|
|||
|
Albany Capital Resource Corp., 5.00%,
06/01/2064
|
|
1,000,000
|
926,007
|
|
Build NYC Resource Corp.
|
|
|
|
|
6.00%, 07/01/2043
|
|
365,000
|
365,031
|
|
5.50%, 09/01/2045(b)
|
|
1,805,000
|
1,778,536
|
|
5.25%, 07/01/2052
|
|
1,000,000
|
1,002,180
|
|
5.50%, 07/01/2055
|
|
250,000
|
254,176
|
|
5.25%, 07/01/2062
|
|
305,000
|
302,338
|
|
Series A, 6.25%, 07/01/2046(b)
|
|
140,000
|
140,014
|
|
Series A, 5.50%, 12/01/2051
|
|
300,000
|
312,610
|
|
Series A, 7.00%, 12/15/2055(b)
|
|
500,000
|
507,060
|
|
Series B, 5.00%, 07/01/2062
|
|
535,000
|
483,688
|
|
Series B1, 5.65%, 12/15/2032(b)
|
|
2,000,000
|
1,961,481
|
|
Empire State Development Corp., Series C,
3.00%, 03/15/2048
|
|
1,000,000
|
735,122
|
|
Genesee County Funding Corp., Series A,
5.25%, 12/01/2052
|
|
2,000,000
|
2,004,358
|
|
New York City Housing Development Corp.
|
|
|
|
|
5.25%, 12/15/2031
|
|
699,265
|
715,029
|
|
Series A, 4.75%, 11/01/2048
|
|
1,085,000
|
1,068,408
|
|
(HUD), Series A, 4.80%, 02/01/2053
|
|
745,000
|
733,695
|
|
Series A, 4.85%, 11/01/2053
|
|
500,000
|
495,323
|
|
Series A, 5.00%, 05/01/2063
|
|
2,000,000
|
1,988,136
|
|
Series G, 4.95%, 11/01/2058
|
|
1,295,000
|
1,253,353
|
|
New York Liberty Development Corp.,
5.00%, 11/15/2044(b)
|
|
2,780,000
|
2,783,813
|
|
New York State Dormitory Authority
|
|
|
|
|
Series A, 4.00%, 03/15/2048
|
|
220,000
|
196,813
|
|
Series A, 4.00%, 09/01/2050
|
|
1,000,000
|
815,041
|
|
Series E, 4.00%, 03/15/2042
|
|
825,000
|
779,620
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
MUNICIPAL BONDS (continued)
|
|
||
|
NEW YORK (continued)
|
|||
|
New York Transportation Development Corp.
|
|
|
|
|
5.00%, 01/01/2031
|
$
|
1,195,000
|
$1,220,795
|
|
6.00%, 04/01/2035
|
|
500,000
|
551,069
|
|
5.38%, 08/01/2036
|
|
815,000
|
844,623
|
|
5.63%, 04/01/2040
|
|
755,000
|
800,205
|
|
5.00%, 10/01/2040
|
|
500,000
|
509,546
|
|
5.50%, 06/30/2054
|
|
4,000,000
|
4,050,062
|
|
6.00%, 06/30/2054
|
|
3,910,000
|
4,033,434
|
|
(AG), 5.13%, 06/30/2060
|
|
3,285,000
|
3,264,029
|
|
(AG), 5.25%, 06/30/2060
|
|
3,490,000
|
3,512,967
|
|
5.38%, 06/30/2060
|
|
500,000
|
496,132
|
|
(BAM), 5.38%, 06/30/2060
|
|
5,200,000
|
5,253,330
|
|
(AG), Series A, 5.25%, 12/31/2054
|
|
3,650,000
|
3,706,709
|
|
Series A, 5.50%, 12/31/2060
|
|
1,850,000
|
1,871,644
|
|
Series A-P3, 5.00%, 07/01/2046
|
|
2,500,000
|
2,456,997
|
|
Niagara Area Development Corp., Series
2022, 4.50%, 07/01/2052
|
|
695,000
|
566,081
|
|
Port Authority of New York & New Jersey,
Series 234, 5.50%, 08/01/2052
|
|
1,640,000
|
1,712,567
|
|
State of New York Mortgage Agency
Homeowner Mortgage Revenue,
(SONYMA), Series 253, 4.70%,
10/01/2038
|
|
575,000
|
573,893
|
|
Suffolk Regional Off-Track Betting Corp.,
6.00%, 12/01/2053
|
|
200,000
|
203,336
|
|
Syracuse Industrial Development Agency
|
|
|
|
|
Series A, 5.00%, 01/01/2028
|
|
130,000
|
124,667
|
|
Series A, 5.00%, 01/01/2029
|
|
250,000
|
232,899
|
|
Series A, 5.00%, 01/01/2031
|
|
320,000
|
282,304
|
|
Series A, 5.00%, 01/01/2032
|
|
520,000
|
447,788
|
|
Series A, 5.00%, 01/01/2034
|
|
845,000
|
692,666
|
|
Series A, 5.00%, 01/01/2035
|
|
575,000
|
462,824
|
|
Series A, 5.00%, 01/01/2036
|
|
545,000
|
430,682
|
|
Ulster County Capital Resource Corp.,
5.00%, 09/15/2037
|
|
1,820,000
|
1,813,011
|
|
Westchester County Local Development
Corp.
|
|
|
|
|
(AG), 5.00%, 11/01/2047
|
|
130,000
|
132,829
|
|
(AG), 5.75%, 11/01/2048
|
|
565,000
|
602,048
|
|
Series A, 6.50%, 12/01/2065(b)
|
|
1,000,000
|
1,031,301
|
|
Total New York
|
|
63,482,270
|
|
|
NORTH CAROLINA—0.5%
|
|||
|
North Carolina Medical Care Commission
|
|
|
|
|
Series A, 5.25%, 11/01/2050
|
|
100,000
|
100,715
|
|
Series A, 5.25%, 11/01/2056
|
|
150,000
|
149,196
|
|
North Carolina Turnpike Authority
|
|
|
|
|
Series A, 5.00%, 07/01/2047
|
|
265,000
|
265,232
|
|
Series A, 5.00%, 07/01/2051
|
|
545,000
|
545,191
|
|
Series A, 5.00%, 07/01/2054
|
|
370,000
|
370,114
|
|
(AG), Series A, 5.00%, 01/01/2058
|
|
1,210,000
|
1,225,141
|
|
Total North Carolina
|
|
2,655,589
|
|
|
NORTH DAKOTA—0.3%
|
|||
|
City of Grand Forks
|
|
|
|
|
(AG), Series A, 5.00%, 12/01/2053
|
|
135,000
|
135,234
|
|
Series A, 5.42%, 12/01/2053
|
|
230,000
|
229,642
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|||
|
County of Ward
|
|
|
|
|
Series C, 5.00%, 06/01/2034
|
$
|
660,000
|
$656,729
|
|
Series C, 5.00%, 06/01/2038
|
|
330,000
|
319,570
|
|
Series C, 5.00%, 06/01/2048
|
|
90,000
|
80,930
|
|
Series C, 5.00%, 06/01/2053
|
|
705,000
|
615,743
|
|
Total North Dakota
|
|
2,037,848
|
|
|
OHIO—4.0%
|
|||
|
Buckeye Tobacco Settlement Financing
Authority, Series B-2, 5.00%, 06/01/2055
|
|
600,000
|
453,691
|
|
City of Centerville
|
|
|
|
|
5.25%, 11/01/2037
|
|
80,000
|
80,282
|
|
5.25%, 11/01/2047
|
|
220,000
|
211,348
|
|
5.25%, 11/01/2050
|
|
85,000
|
79,821
|
|
Columbus Regional Airport Authority, Series
A, 5.50%, 01/01/2050
|
|
5,160,000
|
5,381,417
|
|
County of Cuyahoga
|
|
|
|
|
5.00%, 02/15/2042
|
|
890,000
|
883,389
|
|
4.75%, 02/15/2047
|
|
1,430,000
|
1,315,309
|
|
5.25%, 02/15/2047
|
|
455,000
|
455,341
|
|
5.50%, 02/15/2052
|
|
3,860,000
|
3,868,791
|
|
5.00%, 02/15/2057
|
|
635,000
|
593,983
|
|
County of Darke
|
|
|
|
|
Series A, 4.00%, 09/01/2045
|
|
205,000
|
165,609
|
|
Series A, 5.00%, 09/01/2049
|
|
275,000
|
253,071
|
|
County of Franklin
|
|
|
|
|
5.00%, 11/15/2034
|
|
120,000
|
120,027
|
|
5.00%, 11/15/2044
|
|
195,000
|
193,077
|
|
County of Hamilton
|
|
|
|
|
5.50%, 01/01/2055
|
|
460,000
|
466,314
|
|
Series A, 5.75%, 01/01/2053
|
|
175,000
|
179,788
|
|
County of Warren, 5.00%, 07/01/2054
|
|
500,000
|
485,275
|
|
Greene County Port Authority, Series B,
5.00%, 05/15/2059
|
|
160,000
|
152,696
|
|
Oak Hills Local School District, (SD CRED
PROG), 5.38%, 11/01/2062
|
|
375,000
|
387,184
|
|
Ohio Higher Educational Facility Commission
|
|
|
|
|
5.13%, 12/01/2042
|
|
490,000
|
485,049
|
|
4.00%, 10/01/2047
|
|
3,300,000
|
2,660,623
|
|
5.25%, 05/01/2054
|
|
105,000
|
101,167
|
|
Ohio Housing Finance Agency
|
|
|
|
|
(FNMA), Series A, 4.50%, 05/01/2039
|
|
312,383
|
311,910
|
|
Series A, 5.70%, 08/01/2043(b)
|
|
500,000
|
510,950
|
|
(GNMA/FNMA/FHLMC), Series A, 4.90%,
09/01/2053
|
|
2,080,000
|
1,989,739
|
|
RiverSouth Authority, Series A, 5.75%,
12/01/2027
|
|
345,000
|
345,142
|
|
State of Ohio, VRDN, Series C, 2.45%,
01/15/2051(e)
|
|
1,400,000
|
1,400,000
|
|
Total Ohio
|
|
23,530,993
|
|
|
OKLAHOMA—1.7%
|
|||
|
Norman Regional Hospital Authority
|
|
|
|
|
4.00%, 09/01/2045
|
|
770,000
|
499,344
|
|
5.00%, 09/01/2045
|
|
440,000
|
324,878
|
|
Oklahoma Development Finance Authority
|
|
|
|
|
5.00%, 07/01/2042
|
|
25,000
|
23,754
|
|
Series A, 5.50%, 08/15/2041
|
|
1,280,000
|
1,286,123
|
|
Series A, 5.50%, 08/15/2044
|
|
1,285,000
|
1,297,707
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
MUNICIPAL BONDS (continued)
|
|
||
|
OKLAHOMA (continued)
|
|||
|
Oklahoma Development Finance
Authority (continued)
|
|
|
|
|
Series B, 5.00%, 08/15/2038
|
$
|
665,000
|
$668,503
|
|
Series B, 5.25%, 08/15/2043
|
|
600,000
|
601,402
|
|
Series B, 5.25%, 08/15/2048
|
|
665,000
|
663,203
|
|
Series B, 5.50%, 08/15/2057
|
|
165,000
|
163,162
|
|
Tulsa County Industrial Authority, 5.25%,
11/15/2045
|
|
3,800,000
|
3,797,560
|
|
Tulsa Municipal Airport Trust Trustees
|
|
|
|
|
6.25%, 12/01/2035
|
|
200,000
|
223,601
|
|
6.25%, 12/01/2040
|
|
290,000
|
317,620
|
|
Total Oklahoma
|
|
9,866,857
|
|
|
OREGON—0.6%
|
|||
|
Hospital Facilities Authority of Multnomah
County Oregon, Series A, 4.00%,
12/01/2056
|
|
875,000
|
667,162
|
|
Port of Portland Airport Revenue, Series 28,
5.00%, 07/01/2052
|
|
1,825,000
|
1,829,638
|
|
Union County Hospital Facility Authority,
5.00%, 07/01/2052
|
|
1,125,000
|
1,052,586
|
|
Total Oregon
|
|
3,549,386
|
|
|
PENNSYLVANIA—7.5%
|
|||
|
Adams County General Authority, Series A,
5.00%, 06/01/2059
|
|
150,000
|
142,926
|
|
Allegheny County Airport Authority, (AG),
Series A, 5.50%, 01/01/2055
|
|
2,855,000
|
2,958,874
|
|
Allentown Commercial & Industrial
Development Authority, 6.00%,
06/15/2053
|
|
100,000
|
101,300
|
|
Allentown Neighborhood Improvement Zone
Development Authority
|
|
|
|
|
5.00%, 05/01/2032(b)
|
|
245,000
|
246,007
|
|
5.00%, 05/01/2033(b)
|
|
100,000
|
101,903
|
|
5.00%, 05/01/2042(b)
|
|
510,000
|
510,759
|
|
5.00%, 05/01/2042(b)
|
|
495,000
|
495,012
|
|
Berks County Municipal Authority
|
|
|
|
|
Series A-2A, 6.00%, 06/30/2034
|
|
684,000
|
715,452
|
|
Series A-3, 5.00%, 06/30/2039
|
|
3,286,000
|
3,085,039
|
|
Series B-1, 0.00%, 06/30/2044(a)
|
|
1,642,000
|
1,244,780
|
|
Blythe Township Solid Waste Authority,
(Pre-refunded @ $100.000000,
12/01/2027), 7.75%, 12/01/2037
|
|
665,000
|
698,323
|
|
Chester County Health & Education Facilities
Authority
|
|
|
|
|
4.00%, 12/01/2035
|
|
1,720,000
|
1,391,202
|
|
Series A, 5.00%, 12/01/2030
|
|
185,000
|
173,797
|
|
Series A, 5.25%, 12/01/2045
|
|
420,000
|
336,485
|
|
Cumberland County Municipal Authority,
Series A, 5.50%, 06/01/2056
|
|
825,000
|
831,020
|
|
Doylestown Hospital Authority
|
|
|
|
|
5.38%, 07/01/2039(b)
|
|
400,000
|
429,564
|
|
(Pre-refunded @ $100.000000,
07/01/2029), Series A, 5.00%,
07/01/2049
|
|
5,000
|
5,252
|
|
Series A, 5.00%, 07/01/2049
|
|
50,000
|
50,674
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|||
|
Federal Home Loan Mortgage Corp.
Multifamily ML Certificates, Series
2021-ML12, 1.23%, 07/25/2041(b)(e)(h)
|
$
|
2,519,973
|
$211,838
|
|
Lancaster Municipal Authority, Series A,
5.00%, 12/01/2055
|
|
300,000
|
289,433
|
|
Lehigh County Authority, 0.00%,
12/01/2037(d)
|
|
3,050,000
|
1,872,637
|
|
Montgomery County Higher Education &
Health Authority
|
|
|
|
|
4.00%, 09/01/2044
|
|
435,000
|
388,261
|
|
Series A, 5.00%, 09/01/2043
|
|
3,515,000
|
3,544,827
|
|
Montgomery County Industrial Development
Authority, 5.38%, 01/01/2050
|
|
2,855,000
|
2,791,554
|
|
Pennsylvania Economic Development
Financing Authority
|
|
|
|
|
5.00%, 06/30/2042
|
|
2,005,000
|
1,978,845
|
|
(AG), 5.50%, 06/30/2042
|
|
1,305,000
|
1,386,561
|
|
5.25%, 06/30/2053
|
|
1,955,000
|
1,970,682
|
|
(AG), 5.00%, 12/31/2057
|
|
1,835,000
|
1,832,986
|
|
Series A-2, 4.00%, 05/15/2053
|
|
415,000
|
345,515
|
|
Series B-1, 5.25%, 07/01/2049
|
|
730,000
|
736,040
|
|
Pennsylvania Economic Development
Financing Authority Parking System
Revenue
|
|
|
|
|
Series B, 0.00%, 01/01/2044(d)
|
|
2,670,000
|
1,102,737
|
|
Series B, 0.00%, 01/01/2049(d)
|
|
1,235,000
|
261,359
|
|
Pennsylvania Higher Education Assistance
Agency
|
|
|
|
|
Series 1C, 5.00%, 06/01/2051
|
|
572,000
|
533,876
|
|
Series 1C, 5.50%, 06/01/2052
|
|
756,000
|
737,045
|
|
Series A, 4.50%, 06/01/2043
|
|
955,000
|
943,911
|
|
Pennsylvania Housing Finance Agency
|
|
|
|
|
Series 141A, 5.75%, 10/01/2053
|
|
1,097,090
|
1,152,484
|
|
Series 142-A, 5.50%, 10/01/2053
|
|
675,903
|
707,452
|
|
Philadelphia Authority for Industrial
Development
|
|
|
|
|
5.50%, 06/15/2043(b)
|
|
700,000
|
691,773
|
|
(Pre-refunded @ $100.000000,
12/01/2026), 5.25%, 12/01/2047(b)
|
|
460,000
|
463,270
|
|
(Pre-refunded @ $100.000000,
12/01/2026), 5.50%, 12/01/2058(b)
|
|
665,000
|
670,263
|
|
Series A, 5.00%, 07/01/2037
|
|
470,000
|
464,066
|
|
Series A, 5.00%, 07/01/2042
|
|
520,000
|
503,190
|
|
Series A, 5.00%, 07/01/2049
|
|
740,000
|
674,581
|
|
Series A, 5.38%, 08/01/2051
|
|
510,000
|
497,704
|
|
Series A, 5.38%, 06/15/2057
|
|
400,000
|
382,037
|
|
Series B, 5.63%, 08/01/2036
|
|
300,000
|
300,127
|
|
Series B, 5.75%, 08/01/2046
|
|
585,000
|
585,087
|
|
Series B, 6.00%, 08/01/2051
|
|
685,000
|
685,061
|
|
Redevelopment Authority of The County of
Washington, 5.00%, 07/01/2035
|
|
65,000
|
65,630
|
|
Scranton-Lackawanna Health & Welfare
Authority, 5.00%, 06/01/2046
|
|
1,885,000
|
1,612,726
|
|
Urban Redevelopment Authority of
Pittsburgh, (GNMA/FNMA/FHLMC), Series
C, 4.80%, 04/01/2028
|
|
195,000
|
195,199
|
|
Total Pennsylvania
|
|
44,097,126
|
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
MUNICIPAL BONDS (continued)
|
|
||
|
PUERTO RICO—3.2%
|
|||
|
GDB Debt Recovery Authority of Puerto Rico,
7.50%, 08/20/2040
|
$
|
5,020,414
|
$4,957,658
|
|
Puerto Rico Electric Power Authority
|
|
|
|
|
(NPFG), Series NN, 4.75%, 07/01/2033
|
|
270,000
|
266,056
|
|
(NPFG), Series VV, 5.25%, 07/01/2029
|
|
175,000
|
176,075
|
|
(NPFG), Series VV, 5.25%, 07/01/2030
|
|
1,255,000
|
1,261,782
|
|
Puerto Rico Industrial Tourist Educational
Medical & Environmental Control Facilities
Financing Authority
|
|
|
|
|
4.38%, 10/01/2031
|
|
170,000
|
167,035
|
|
5.00%, 10/01/2042
|
|
285,000
|
270,481
|
|
Series A, 6.63%, 01/01/2027(i)
|
|
119,619
|
85,794
|
|
Series A, 6.63%, 01/01/2028(i)
|
|
912,315
|
663,609
|
|
Puerto Rico Sales Tax Financing Corp. Sales
Tax Revenue
|
|
|
|
|
Series A-1, 0.00%, 07/01/2033(d)
|
|
1,498,000
|
1,169,211
|
|
Series A-1, 0.00%, 07/01/2046(d)
|
|
414,000
|
150,647
|
|
Series A-1, 0.00%, 07/01/2051(d)
|
|
19,613,000
|
5,185,583
|
|
Series A-1, 4.75%, 07/01/2053
|
|
197,000
|
187,030
|
|
Series A-1, 5.00%, 07/01/2058
|
|
3,519,000
|
3,381,049
|
|
Series A-2, 4.33%, 07/01/2040
|
|
507,000
|
495,032
|
|
Series A-2, 4.54%, 07/01/2053
|
|
13,000
|
11,973
|
|
Series A-2, 4.78%, 07/01/2058
|
|
181,000
|
171,091
|
|
Total Puerto Rico
|
|
18,600,106
|
|
|
RHODE ISLAND—0.5%
|
|||
|
Rhode Island Health & Educational Building
Corp., (AG), Series B, 5.63%, 07/01/2065
|
|
100,000
|
100,065
|
|
Rhode Island Student Loan Authority
|
|
|
|
|
Series A, 3.50%, 12/01/2034
|
|
190,000
|
183,632
|
|
Series A, 3.63%, 12/01/2037
|
|
265,000
|
251,083
|
|
Series A, 4.13%, 12/01/2042
|
|
2,295,000
|
2,205,535
|
|
Total Rhode Island
|
|
2,740,315
|
|
|
SOUTH CAROLINA—2.5%
|
|||
|
Charleston Housing Authority, 4.50%,
09/01/2035
|
|
965,000
|
959,529
|
|
County of Dorchester
|
|
|
|
|
5.25%, 10/01/2043
|
|
1,310,000
|
1,316,490
|
|
5.50%, 10/01/2051
|
|
1,115,000
|
1,084,827
|
|
South Carolina Jobs-Economic Development
Authority
|
|
|
|
|
4.00%, 11/01/2029
|
|
110,000
|
109,516
|
|
5.00%, 11/01/2033
|
|
170,000
|
170,236
|
|
5.00%, 05/01/2037
|
|
75,000
|
71,203
|
|
5.00%, 11/01/2037
|
|
120,000
|
117,399
|
|
5.00%, 05/01/2042
|
|
40,000
|
36,253
|
|
5.00%, 11/01/2042
|
|
300,000
|
280,042
|
|
5.50%, 11/15/2044
|
|
200,000
|
203,362
|
|
5.00%, 11/01/2046
|
|
165,000
|
147,400
|
|
5.00%, 04/01/2047
|
|
655,000
|
620,276
|
|
5.13%, 05/01/2048
|
|
195,000
|
169,880
|
|
5.00%, 04/01/2052
|
|
510,000
|
463,915
|
|
5.38%, 04/01/2056
|
|
100,000
|
101,611
|
|
Series A, 5.00%, 04/01/2044
|
|
550,000
|
553,488
|
|
Series A, 6.63%, 06/15/2060(b)
|
|
1,190,000
|
1,191,836
|
|
Series C, 5.75%, 09/01/2055
|
|
330,000
|
329,447
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|||
|
South Carolina Public Service Authority,
(AG), Series B, 5.00%, 12/01/2054
|
$
|
6,630,000
|
$6,737,688
|
|
Total South Carolina
|
|
14,664,398
|
|
|
TENNESSEE—2.1%
|
|||
|
Knox County Health Educational & Housing
Facility Board
|
|
|
|
|
(BAM), Series A-1, 5.50%, 07/01/2059
|
|
590,000
|
605,825
|
|
(BAM), Series B-1, 5.25%, 07/01/2064
|
|
185,000
|
187,291
|
|
Metropolitan Government Nashville &
Davidson County Health & Educational
Facilities Board, (FNMA), Series A, 4.75%,
02/01/2048
|
|
1,627,348
|
1,591,256
|
|
Metropolitan Nashville Airport Authority
|
|
|
|
|
Series B, 5.50%, 07/01/2052
|
|
575,000
|
592,226
|
|
Series B, 5.50%, 07/01/2056
|
|
725,000
|
754,807
|
|
Rutherford County Health & Educational
Facilities Board, (BAM), Series A-1, 5.00%,
07/01/2065
|
|
100,000
|
95,157
|
|
Tennergy Corp., Series A, 5.50%, 10/01/2053
|
|
2,745,000
|
2,891,224
|
|
Tennessee Energy Acquisition Corp.
|
|
|
|
|
Series A, 5.25%, 09/01/2026
|
|
500,000
|
500,732
|
|
Series A-1, 5.00%, 05/01/2053
|
|
3,250,000
|
3,325,804
|
|
Tennessee Housing Development Agency,
Series 2A, 4.70%, 07/01/2053
|
|
2,025,000
|
1,973,890
|
|
Total Tennessee
|
|
12,518,212
|
|
|
TEXAS—10.8%
|
|||
|
Arlington Higher Education Finance Corp.
|
|
|
|
|
(PSF-GTD), 4.25%, 08/15/2047
|
|
770,000
|
714,852
|
|
5.88%, 06/15/2065(b)
|
|
585,000
|
586,923
|
|
Series A, 5.38%, 08/15/2036
|
|
180,000
|
152,974
|
|
Series A, 5.00%, 08/15/2038
|
|
95,000
|
93,450
|
|
Series A, 5.50%, 08/15/2046
|
|
800,000
|
602,388
|
|
Series A, 5.00%, 08/15/2048
|
|
150,000
|
139,008
|
|
Series A, 5.00%, 08/15/2053
|
|
155,000
|
138,963
|
|
Brazos Higher Education Authority, Inc.,
Series 1A, 5.13%, 04/01/2043
|
|
845,000
|
858,517
|
|
City of Austin Airport System Revenue, Series
B, 5.25%, 11/15/2051
|
|
9,000,000
|
9,253,276
|
|
City of Dallas, 6.25%, 08/15/2053(b)
|
|
155,000
|
155,162
|
|
City of Houston Airport System Revenue
|
|
|
|
|
5.00%, 07/01/2029
|
|
100,000
|
100,099
|
|
(AG), Series A, 5.25%, 07/01/2053
|
|
1,260,000
|
1,285,406
|
|
Series B, 5.50%, 07/15/2038
|
|
820,000
|
873,451
|
|
Series B-2, 5.00%, 07/15/2027
|
|
100,000
|
101,252
|
|
City of Hutto, (BAM), 4.13%, 08/01/2049
|
|
2,725,000
|
2,433,534
|
|
City of Lavon, 6.00%, 09/15/2054(b)
|
|
213,000
|
218,265
|
|
Conroe Local Government Corp., Series A,
4.00%, 10/01/2050
|
|
195,000
|
148,954
|
|
Crowley Independent School District,
(PSF-GTD), 4.25%, 02/01/2053
|
|
1,040,000
|
970,483
|
|
Galveston County Municipal Utility District
No. 56, (AG), 4.50%, 06/01/2047
|
|
500,000
|
481,985
|
|
Harris County Cultural Education Facilities
Finance Corp., Series A, 4.13%, 07/01/2052
|
|
1,660,000
|
1,453,188
|
|
Harris County-Houston Sports Authority
|
|
|
|
|
(AG), Series A, 0.00%, 11/15/2041(d)
|
|
125,000
|
60,603
|
|
(AG), Series A, 0.00%, 11/15/2046(d)
|
|
1,145,000
|
416,518
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
MUNICIPAL BONDS (continued)
|
|
||
|
TEXAS (continued)
|
|||
|
Houston Higher Education Finance Corp.,
5.25%, 10/01/2054
|
$
|
445,000
|
$424,231
|
|
Jarrell Independent School District,
(PSF-GTD), 5.25%, 02/15/2055
|
|
500,000
|
518,508
|
|
Kaufman County Fresh Water Supply District
No. 4A, (BAM), 4.50%, 09/01/2045
|
|
1,000,000
|
978,527
|
|
Memorial City Redevelopment Authority,
(AG), 5.00%, 09/01/2049
|
|
375,000
|
377,623
|
|
Mission Economic Development Corp.,
4.63%, 10/01/2031(b)
|
|
500,000
|
500,305
|
|
New Hope Cultural Education Facilities
Finance Corp.
|
|
|
|
|
4.00%, 01/01/2029
|
|
15,000
|
15,083
|
|
3.38%, 08/15/2029(b)
|
|
25,000
|
24,021
|
|
5.50%, 01/01/2035
|
|
75,000
|
75,064
|
|
5.00%, 01/01/2039
|
|
35,000
|
35,211
|
|
5.50%, 01/01/2043
|
|
670,000
|
670,258
|
|
5.50%, 01/01/2049
|
|
80,000
|
80,006
|
|
5.00%, 08/15/2049(b)
|
|
135,000
|
122,139
|
|
5.00%, 01/01/2050
|
|
45,000
|
42,364
|
|
5.00%, 01/01/2055
|
|
110,000
|
101,471
|
|
5.00%, 11/01/2060
|
|
510,000
|
489,452
|
|
Series A, 5.38%, 11/15/2036
|
|
225,000
|
219,483
|
|
Series A, 5.50%, 11/15/2046
|
|
130,000
|
117,686
|
|
Series A, 5.50%, 11/15/2052
|
|
190,000
|
167,066
|
|
Series A, 6.50%, 10/01/2060
|
|
460,000
|
483,112
|
|
Series C, 5.50%, 07/01/2046(c)
|
|
1,250,000
|
815,625
|
|
Series C, 5.75%, 07/01/2051(c)
|
|
1,000,000
|
652,500
|
|
Series D, 7.00%, 07/01/2051(c)
|
|
1,350,000
|
324,000
|
|
Northlake Municipal Management District
No. 2, (AG), 4.50%, 03/01/2044
|
|
1,125,000
|
1,101,418
|
|
Port of Beaumont Navigation District
|
|
|
|
|
Series A, 5.00%, 01/01/2039(b)
|
|
2,400,000
|
2,286,485
|
|
Series A, 3.00%, 01/01/2050(b)
|
|
1,500,000
|
939,705
|
|
Series A, 5.25%, 01/01/2054(b)
|
|
3,000,000
|
2,727,143
|
|
Red River Education Finance Corp., 5.50%,
10/01/2046
|
|
1,125,000
|
1,125,130
|
|
Tarrant County Cultural Education Facilities
Finance Corp., Series A, 5.75%,
12/01/2054
|
|
2,947,587
|
2,318,168
|
|
Texas Department of Housing & Community
Affairs, (GNMA), Series A, 5.25%,
09/01/2053
|
|
1,965,000
|
1,991,397
|
|
Texas Municipal Gas Acquisition & Supply
Corp. IV, Series B, 5.50%, 01/01/2054
|
|
4,390,000
|
4,677,207
|
|
Texas Private Activity Bond Surface
Transportation Corp.
|
|
|
|
|
5.50%, 06/30/2043
|
|
810,000
|
834,611
|
|
5.00%, 06/30/2058
|
|
6,405,000
|
6,238,647
|
|
Texas State Technical College, (AG), Series A,
6.00%, 08/01/2054
|
|
785,000
|
842,429
|
|
Texas Transportation Commission State
Highway 249 System, Series A, 0.00%,
08/01/2042(d)
|
|
115,000
|
52,787
|
|
Texas Transportation Finance Corp., Series A,
5.50%, 10/01/2055
|
|
8,165,000
|
8,710,908
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
|
|||
|
Texas Water Development Board, 5.00%,
10/15/2057
|
$
|
1,000,000
|
$1,016,083
|
|
Total Texas
|
|
63,335,104
|
|
|
U. S. VIRGIN ISLANDS—0.5%
|
|||
|
Virgin Islands Hotel Development Financing
Corp., Series A-1, 6.00%, 12/01/2055
|
|
1,605,000
|
1,591,269
|
|
Virgin Islands Public Finance Authority
|
|
|
|
|
Series A, 6.00%, 04/01/2053(b)
|
|
645,000
|
645,538
|
|
Series B, 9.00%, 04/01/2053(b)
|
|
675,000
|
638,443
|
|
Total U. S. Virgin Islands
|
|
2,875,250
|
|
|
UTAH—1.8%
|
|||
|
Black Desert Public Infrastructure District,
5.63%, 12/01/2053(b)
|
|
1,438,868
|
1,457,330
|
|
Copper Rim Infrastructure Financing District,
6.13%, 12/01/2054(b)
|
|
213,525
|
218,668
|
|
High Star Ranch Infrastructure Financing
District, 6.25%, 12/01/2055(b)
|
|
1,000,000
|
1,007,273
|
|
Mida Mountain Village Public Infrastructure
District, Series 1, 5.75%, 06/01/2060(b)
|
|
375,000
|
383,664
|
|
Pine View Public Infrastructure District No. 2,
6.25%, 12/01/2055(b)
|
|
413,643
|
417,150
|
|
Resort Core Public Infrastructure District No.
1
|
|
|
|
|
Series A-1, 5.88%, 03/01/2057
|
|
4,000,000
|
4,045,790
|
|
Series B, 8.25%, 03/15/2057
|
|
2,000,000
|
2,035,787
|
|
Sawmill Infrastructure Financing District,
6.00%, 12/01/2054(b)
|
|
194,184
|
200,125
|
|
Utah Charter School Finance Authority
|
|
|
|
|
Series A, 5.00%, 02/15/2036(b)
|
|
100,000
|
94,804
|
|
Series A, 5.00%, 02/15/2046(b)
|
|
420,000
|
365,600
|
|
Wakara Ridge Public Infrastructure District,
5.63%, 12/01/2054(b)
|
|
377,055
|
383,415
|
|
Total Utah
|
|
10,609,606
|
|
|
VERMONT—0.5%
|
|||
|
Vermont Economic Development Authority,
4.63%, 04/01/2036(b)
|
|
120,000
|
121,153
|
|
Vermont Housing Finance Agency,
(GNMA/FNMA/FHLMC), Series A, 6.00%,
11/01/2053
|
|
2,000,000
|
2,150,148
|
|
Vermont Student Assistance Corp.
|
|
|
|
|
Series A, 3.75%, 06/15/2030
|
|
30,000
|
29,964
|
|
Series A, 4.38%, 06/15/2040
|
|
440,000
|
426,624
|
|
Series B, 4.38%, 06/15/2046
|
|
480,000
|
415,937
|
|
Total Vermont
|
|
3,143,826
|
|
|
VIRGINIA—1.9%
|
|||
|
Cherry Hill Community Development
Authority, 5.40%, 03/01/2045(b)
|
|
220,000
|
220,168
|
|
James City County Economic Development
Authority, Series A, 6.88%, 12/01/2058
|
|
515,000
|
559,229
|
|
Norfolk Economic Development Authority,
Series B, 4.00%, 11/01/2048
|
|
130,000
|
115,365
|
|
Peninsula Town Center Community
Development Authority
|
|
|
|
|
5.00%, 09/01/2037(b)
|
|
375,000
|
376,536
|
|
4.50%, 09/01/2045(b)
|
|
615,000
|
580,515
|
|
5.00%, 09/01/2045(b)
|
|
210,000
|
210,062
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
MUNICIPAL BONDS (continued)
|
|
||
|
VIRGINIA (continued)
|
|||
|
Virginia Beach Development Authority,
Series A, 7.00%, 09/01/2059
|
$
|
2,085,000
|
$2,265,136
|
|
Virginia College Building Authority
|
|
|
|
|
Series B, 5.25%, 07/01/2030(b)
|
|
305,000
|
276,442
|
|
Series B, 5.25%, 07/01/2035(b)
|
|
390,000
|
334,819
|
|
Virginia Housing Development Authority,
Series D, 4.88%, 08/01/2065
|
|
920,000
|
904,206
|
|
Virginia Small Business Financing Authority
|
|
|
|
|
5.00%, 12/31/2052
|
|
250,000
|
246,810
|
|
Series A, 4.00%, 01/01/2045
|
|
1,600,000
|
1,479,914
|
|
Series C, 5.00%, 06/01/2052
|
|
400,000
|
374,707
|
|
Williamsburg Economic Development
Authority
|
|
|
|
|
(AG), Series A, 5.25%, 07/01/2053
|
|
1,870,000
|
1,944,680
|
|
Series B, 5.25%, 07/01/2053
|
|
1,225,000
|
1,260,760
|
|
Total Virginia
|
|
11,149,349
|
|
|
WASHINGTON—4.0%
|
|||
|
Grays Harbor County Public Hospital District
No. 2
|
|
|
|
|
5.00%, 12/15/2033
|
|
420,000
|
423,971
|
|
5.00%, 12/15/2038
|
|
540,000
|
538,198
|
|
5.00%, 12/15/2048
|
|
1,040,000
|
964,786
|
|
Kalispel Tribe of Indians
|
|
|
|
|
Series A, 5.25%, 01/01/2038(b)
|
|
500,000
|
504,233
|
|
Series B, 5.25%, 01/01/2038(b)
|
|
100,000
|
100,847
|
|
King County Housing Authority, 5.38%,
07/01/2045
|
|
225,000
|
235,013
|
|
Vancouver Housing Authority, Series A,
4.50%, 10/01/2042
|
|
855,000
|
841,863
|
|
Washington Health Care Facilities Authority
|
|
|
|
|
Series A, 5.00%, 10/01/2033
|
|
2,500,000
|
2,501,028
|
|
Series A, 4.25%, 10/01/2040
|
|
4,500,000
|
4,208,108
|
|
Series A, 5.50%, 09/01/2055
|
|
175,000
|
182,653
|
|
Washington State Housing Finance
Commission
|
|
|
|
|
5.00%, 07/01/2041(b)
|
|
100,000
|
97,450
|
|
5.00%, 07/01/2046(b)
|
|
115,000
|
107,024
|
|
5.00%, 07/01/2048(b)
|
|
300,000
|
276,583
|
|
5.00%, 07/01/2051(b)
|
|
165,000
|
146,687
|
|
6.38%, 07/01/2063(b)
|
|
1,425,000
|
1,503,809
|
|
Series 2, 4.09%, 03/01/2050(e)
|
|
520,160
|
496,014
|
|
Series 2021-1, Class X, 0.73%,
12/20/2035(h)(j)
|
|
8,948,008
|
297,969
|
|
Series 2025-1, 4.08%, 11/20/2041(e)
|
|
1,486,160
|
1,398,122
|
|
Series A, 3.50%, 12/20/2035
|
|
1,028,817
|
972,636
|
|
Series A, 5.00%, 01/01/2036(b)
|
|
340,000
|
340,633
|
|
Series A, 5.00%, 01/01/2046(b)
|
|
460,000
|
443,594
|
|
Series A, 5.00%, 07/01/2048(b)
|
|
480,000
|
357,486
|
|
Series A, 5.00%, 07/01/2048
|
|
140,000
|
141,537
|
|
Series A, 5.00%, 01/01/2051(b)
|
|
515,000
|
474,576
|
|
Series A, 5.00%, 07/01/2053(b)
|
|
125,000
|
87,893
|
|
Series A, 5.75%, 07/01/2060(b)
|
|
740,000
|
747,415
|
|
Series A, 6.25%, 01/01/2061
|
|
3,245,000
|
3,308,474
|
|
(BAM), Series A, 5.25%, 07/01/2064(b)
|
|
1,580,000
|
1,581,617
|
|
Total Washington
|
|
23,280,219
|
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
|
|
||
|
WEST VIRGINIA—0.4%
|
|||
|
Monongalia County Commission Excise Tax
District
|
|
|
|
|
Series A, 4.13%, 06/01/2043(b)
|
$
|
95,000
|
$87,785
|
|
Series A, 7.00%, 06/01/2043(b)
|
|
206,000
|
217,480
|
|
Series B, 4.88%, 06/01/2043(b)
|
|
365,000
|
366,348
|
|
Series B, 0.00%, 06/01/2053(a)(b)
|
|
2,233,000
|
498,336
|
|
West Virginia Economic Development
Authority, 5.45%, 01/01/2055(b)
|
|
1,015,000
|
1,094,540
|
|
Total West Virginia
|
|
2,264,489
|
|
|
WISCONSIN—9.7%
|
|||
|
Public Finance Authority
|
|
|
|
|
5.00%, 10/01/2033
|
|
95,000
|
95,746
|
|
0.00%, 12/15/2036(b)(d)
|
|
1,000,000
|
508,550
|
|
5.00%, 12/15/2036(b)
|
|
368,347
|
361,209
|
|
5.00%, 07/01/2037
|
|
160,000
|
159,994
|
|
0.00%, 12/15/2037(b)(d)
|
|
432,000
|
212,726
|
|
6.25%, 02/01/2039(b)
|
|
3,595,000
|
3,616,257
|
|
0.00%, 12/15/2040(b)(d)(f)
|
|
5,909,000
|
2,057,334
|
|
5.25%, 12/01/2046
|
|
1,500,000
|
1,510,317
|
|
5.00%, 05/01/2047
|
|
300,000
|
273,945
|
|
5.00%, 07/01/2047
|
|
235,000
|
218,848
|
|
5.00%, 10/01/2048
|
|
840,000
|
782,631
|
|
7.00%, 12/01/2050(b)
|
|
380,000
|
296,400
|
|
4.00%, 04/01/2052(b)
|
|
685,000
|
531,865
|
|
(Pre-refunded @ $100.000000,
04/01/2032), 4.00%, 04/01/2052(b)
|
|
10,000
|
10,349
|
|
7.00%, 07/01/2058(b)
|
|
720,000
|
728,623
|
|
5.75%, 06/30/2060
|
|
2,500,000
|
2,584,902
|
|
5.00%, 07/01/2060(b)
|
|
1,025,000
|
896,444
|
|
6.00%, 07/01/2060(b)
|
|
1,500,000
|
1,533,305
|
|
5.25%, 11/15/2061
|
|
555,000
|
558,870
|
|
5.50%, 06/15/2062
|
|
700,000
|
659,893
|
|
5.75%, 12/31/2065
|
|
4,370,000
|
4,509,002
|
|
Series 1, 6.81%, 04/28/2036(b)
|
|
1,445,000
|
1,485,334
|
|
Series 2026-1, Class A1, 4.55%,
12/05/2040(j)
|
|
3,497,148
|
3,366,100
|
|
Series 2026-1, Class A2, 4.48%,
12/05/2040(j)
|
|
561,542
|
517,075
|
|
Series A, 6.25%, 08/01/2027(b)
|
|
2,835,000
|
2,069,550
|
|
Series A, 5.00%, 09/01/2030(b)
|
|
325,000
|
325,177
|
|
Series A, 5.50%, 09/01/2030(b)
|
|
100,000
|
102,481
|
|
Series A, 5.25%, 05/15/2037(b)
|
|
200,000
|
200,717
|
|
Series A, 5.00%, 09/01/2038(b)
|
|
290,000
|
289,999
|
|
Series A, 5.00%, 06/01/2041(b)(f)
|
|
5,630,000
|
5,449,620
|
|
Series A, 5.25%, 05/15/2042(b)
|
|
135,000
|
135,241
|
|
Series A, 6.88%, 01/01/2043
|
|
865,000
|
890,164
|
|
Series A, 5.38%, 06/01/2046(b)(f)
|
|
955,000
|
946,463
|
|
Series A, 6.25%, 09/01/2046(b)
|
|
100,000
|
102,061
|
|
Series A, 5.25%, 05/15/2047(b)
|
|
640,000
|
637,485
|
|
Series A, 5.25%, 07/01/2047
|
|
770,000
|
736,078
|
|
Series A, 5.00%, 06/15/2051(b)
|
|
325,000
|
279,136
|
|
Series A, 4.00%, 09/01/2051(b)
|
|
410,000
|
302,268
|
|
Series A, 5.25%, 05/15/2052(b)
|
|
435,000
|
417,342
|
|
Series A, 7.00%, 06/15/2053(b)
|
|
605,000
|
639,720
|
|
Series A, 5.25%, 06/15/2054
|
|
475,000
|
460,106
|
|
Series A, 5.50%, 06/01/2055
|
|
300,000
|
296,893
|
|
Series A, 5.25%, 06/15/2055
|
|
100,000
|
102,115
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
MUNICIPAL BONDS (continued)
|
|
||
|
WISCONSIN (continued)
|
|||
|
Public Finance Authority (continued)
|
|
|
|
|
Series A, 4.50%, 06/01/2056(b)
|
$
|
2,520,000
|
$1,994,917
|
|
Series A, 5.00%, 06/15/2064
|
|
2,100,000
|
1,842,187
|
|
(BAM), Series A-1, 5.63%, 07/01/2055
|
|
635,000
|
655,981
|
|
Series B, 5.25%, 07/01/2028
|
|
425,000
|
425,289
|
|
Series B, 5.00%, 06/01/2034
|
|
170,000
|
172,966
|
|
Series B, 5.00%, 07/01/2042
|
|
2,680,000
|
2,679,944
|
|
Series B, 5.00%, 06/01/2044
|
|
130,000
|
128,266
|
|
Series B, 5.00%, 06/01/2049
|
|
255,000
|
244,930
|
|
Series B, 7.00%, 09/01/2054(b)
|
|
100,000
|
105,075
|
|
Series B, 6.50%, 06/01/2056(b)
|
|
835,000
|
584,500
|
|
Series C, 5.75%, 06/15/2055
|
|
315,000
|
320,179
|
|
Wisconsin Center District, (AG), Series D,
0.00%, 12/15/2055(d)
|
|
9,825,000
|
2,193,544
|
|
Wisconsin Health & Educational Facilities
Authority
|
|
|
|
|
5.00%, 08/01/2027(c)
|
|
275,000
|
242,000
|
|
5.00%, 08/01/2032(c)
|
|
435,000
|
305,856
|
|
5.00%, 08/01/2037(c)
|
|
235,000
|
154,855
|
|
5.00%, 08/01/2039(c)
|
|
235,000
|
147,593
|
|
Series A, 5.00%, 11/01/2039
|
|
75,000
|
75,238
|
|
Series A, 5.00%, 11/01/2046
|
|
150,000
|
143,521
|
|
Series A, 5.50%, 12/01/2052
|
|
495,000
|
519,067
|
|
Series A, 5.13%, 04/01/2057
|
|
2,055,000
|
1,718,058
|
|
Series C, 4.00%, 02/15/2050
|
|
405,000
|
348,707
|
|
Total Wisconsin
|
|
56,861,008
|
|
|
Total Municipal Bonds
|
|
817,158,309
|
|
|
CORPORATE BONDS—0.2%
|
|
||
|
UNITED STATES—0.2%
|
|||
|
Commercial Services & Supplies—0.1%
|
|
|
|
|
Toll Road Investors Partnership II LP,
(National Public Finance Guaran), Series
1999B0.00%, 02/15/2033(b)(d)
|
|
850,000
|
520,625
|
|
Healthcare Providers & Services—0.1%
|
|
|
|
|
Toledo Hospital, Series B, 5.33%, 11/15/2028
|
|
300,000
|
300,095
|
|
Total United States
|
|
820,720
|
|
|
Total Corporate Bonds
|
|
820,720
|
|
|
WARRANTS—0.0%
|
|
||
|
UNITED STATES—0.0%
|
|||
|
BL Train Holdings West LLC(g)(k)
|
|
18,320
|
9,160
|
|
Total Warrants
|
|
9,160
|
|
|
PREFERRED STOCKS—0.0%
|
|
||
|
UNITED STATES—0.0%
|
|||
|
Utilities—0.0%
|
|
|
|
|
AES Guayama Holdings BV(g)(i)(k)
|
|
20,066
|
201
|
|
Total Preferred Stocks
|
|
201
|
|
|
|
Shares or
Principal
Amount
|
Value
|
|
|
SHORT-TERM INVESTMENT—0.5%
|
|
||
|
BlackRock Liquidity Funds MuniCash,
Institutional shares
|
|
3,118,503
|
$3,118,815
|
|
Total Short-Term Investment
|
|
3,118,815
|
|
|
Total Investments
(Cost $845,330,535)—140.5%
|
821,107,205
|
||
|
Long Term Debt Securities
|
(224,100,000
)
|
||
|
Liabilities in Excess of Other Assets—(2.1%)
|
(12,474,047
)
|
||
|
Net Assets—100.0%
|
$584,533,158
|
||
|
(a)
|
Step bond. Rate disclosed is as of July 31, 2026.
|
|
(b)
|
Denotes a security issued under Regulation S or Rule 144A.
|
|
(c)
|
Security is in default.
|
|
(d)
|
Zero coupon bond.
|
|
(e)
|
Variable Rate Instrument. The rate shown is based on the latest available
information as of July 31, 2026. Certain variable rate securities are not based on
a published reference rate and spread but are determined by the issuer or agent
and are based on current market conditions. These securities do not indicate a
reference rate and spread in their description.
|
|
(f)
|
All or a portion of the security has been designated as collateral for when
issued trading. When-issued trading is trading in securities that have been
authorized but not yet been issued.
|
|
(g)
|
Illiquid security.
|
|
(h)
|
Interest only security for which the fund receives interest on notional principal.
|
|
(i)
|
Fair Value is determined pursuant to procedures approved by the Fund’s Board
of Trustees. Unless otherwise noted, securities are valued by applying valuation
factors to the exchange traded price. See Note 1(a) of the accompanying
Notes to Portfolio of Investments for inputs used.
|
|
(j)
|
Variable or Floating Rate security. Rate disclosed is as of July 31, 2026.
|
|
(k)
|
Non-income producing security.
|
|
AG
|
Assured Guaranty Inc.
|
|
AMT
|
Alternative Minimum Tax
|
|
BAM
|
Build America Mutual Assurance Company
|
|
FHA
|
Federal Housing Administration
|
|
GNMA
|
Government National Mortgage Association
|
|
PSF-GTD
|
Permanent School Fund Guarantee Program
|
|
VRDN
|
Variable Rate Demand Note
|
|
|
15
|