|
|
|
Principal
Amount ($)
|
Value ($)
|
|
|
|||
|
Municipal Investments 97.2%
|
|
||
|
Alabama 0.5%
|
|
||
|
Alabama, Black Belt Energy Gas District, Gas Project Revenue, Series D-1, 5.5% (a),
6/1/2049, GTY: Goldman Sachs Group, Inc.
|
|
800,000
|
852,210
|
|
Jefferson County, AL, Sewer Revenue, 5.5%, 10/1/2053
|
|
1,165,000
|
1,274,208
|
|
|
|
|
2,126,418
|
|
Arizona 3.0%
|
|
||
|
Arizona, State Health Facilities Authority Revenue, Banner Health Obligated Group:
|
|
|
|
|
Series B, MUNIPSA + 0.25%, 3.55% (a), 1/1/2046
|
|
1,730,000
|
1,704,763
|
|
Series B, Prerefunded, MUNIPSA + 0.25%, 3.55% (a), 1/1/2046
|
|
320,000
|
318,992
|
|
Arizona, State Industrial Development Authority, Education Facility Revenue, Odyssey
Preparatory Academy Project, 144A, 5.0%, 7/1/2049
|
|
2,760,000
|
2,474,759
|
|
Arizona, State Industrial Development Authority, Education Revenue, BASIS School
Projects:
|
|
|
|
|
Series G, 144A, 5.0%, 7/1/2047
|
|
1,000,000
|
954,872
|
|
Series D, 144A, 5.0%, 7/1/2051
|
|
1,035,000
|
974,710
|
|
Series G, 144A, 5.0%, 7/1/2051
|
|
550,000
|
517,962
|
|
Series A, 144A, 5.25%, 7/1/2047
|
|
1,000,000
|
987,998
|
|
Maricopa County, AZ, Industrial Development Authority, Education Revenue, Benjamin
Franklin Charter School Project, Series A, 144A, 6.0%, 7/1/2052
|
|
1,000,000
|
1,018,922
|
|
Phoenix, AZ, Industrial Development Authority, Student Housing Revenue, Downtown
Phoenix Student Housing LLC, Series A, 5.0%, 7/1/2037
|
|
2,000,000
|
2,048,723
|
|
Pima County, AZ, Industrial Development Authority, Education Revenue, American
Leadership Academy Project:
|
|
|
|
|
Series 2022, 144A, 4.0%, 6/15/2057
|
|
2,060,000
|
1,544,567
|
|
144A, 5.0%, 6/15/2049
|
|
1,030,000
|
966,711
|
|
144A, 5.0%, 6/15/2052
|
|
710,000
|
660,270
|
|
|
|
|
14,173,249
|
|
California 9.0%
|
|
||
|
California, Community Housing Agency, Essential Housing Revenue, Verdant at Green
Valley Project, Series A, 144A, 5.0%, 8/1/2049
|
|
1,135,000
|
1,081,604
|
|
California, CSCDA Community Improvement Authority, Essential Housing Revenue:
|
|
|
|
|
Series A-1, 144A, 3.5%, 10/1/2046
|
|
4,500,000
|
3,608,291
|
|
Series A, 144A, 5.0%, 7/1/2051
|
|
750,000
|
717,084
|
|
California, General Obligation, Series A-2, 3.65% (b), 3/1/2024, LOC: State Street B&T
Co.
|
|
100,000
|
100,000
|
|
California, Golden State Tobacco Securitization Corp., Tobacco Settlement Revenue:
|
|
|
|
|
Series B-2, Zero Coupon, 6/1/2066
|
|
5,000,000
|
569,163
|
|
Series B-1, 3.85%, 6/1/2050
|
|
2,675,000
|
2,448,312
|
|
California, Morongo Band of Mission Indians Revenue, Series B, 144A, 5.0%,
10/1/2042
|
|
1,145,000
|
1,146,341
|
|
California, M-S-R Energy Authority, Series B, 7.0%, 11/1/2034, GTY: Citigroup Global
Markets
|
|
5,750,000
|
7,298,235
|
|
California, Municipal Finance Authority, Barlow Respiratory Hospital Obligated Group,
Series A, 4.0%, 9/1/2040
|
|
1,635,000
|
1,526,276
|
|
California, Public Finance Authority Revenue, Sharp Healthcare Obligated Group:
|
|
|
|
|
Series B, 3.7% (b), 3/1/2024, LOC: Barclays Bank PLC
|
|
7,515,000
|
7,515,000
|
|
Series C, 3.7% (b), 3/1/2024, LOC: Barclays Bank PLC
|
|
550,000
|
550,000
|
|
California, River Islands Public Financing Authority, Special Tax, Community Facilities
District No. 2019-1, Phase 2 Public Improvements:
|
|
|
|
|
3.875%, 9/1/2049
|
|
2,630,000
|
2,173,672
|
|
4.0%, 9/1/2046
|
|
3,825,000
|
3,335,408
|
|
California, State Municipal Finance Authority Revenue, Catalyst Impact Fund 1 LLC,
“II”, 144A, 7.0%, 1/1/2039
|
|
3,365,000
|
3,540,240
|
|
California, State Public Finance Authority Revenue, ENSO Village Project:
|
|
|
|
|
Series A, 144A, 5.0%, 11/15/2046
|
|
270,000
|
235,832
|
|
Series A, 144A, 5.0%, 11/15/2051
|
|
135,000
|
114,776
|
|
California, Statewide Communities Development Authority Revenue, Loma Linda
University Medical Center, Series A, 5.5%, 12/1/2054
|
|
1,900,000
|
1,876,257
|
|
California, Statewide Communities Development Authority, Multi-Family Housing
Revenue, Foxwood Apartments Project, Series J, 2.51% (b), 3/7/2024, LOC: Wells
Fargo Bank NA
|
|
300,000
|
300,000
|
|
California, University of California Revenue, Series Z-2, 5.39% (b), 3/7/2024
|
|
300,000
|
300,000
|
|
Long Beach, CA, Carnival Cruise Terminal Financing, 144A, 7.282%, 11/1/2030,
GTY: Carnival Corp.
|
|
1,310,000
|
1,213,522
|
|
Los Angeles, CA, Department of Airports Revenue, Series A, AMT, 5.0%, 5/15/2037
|
|
2,375,000
|
2,645,131
|
|
|
|
|
42,295,144
|
|
Colorado 5.3%
|
|
||
|
Colorado, Aurora Highlands Community Authority Board, Special Tax Revenue,
Series A, 5.75%, 12/1/2051
|
|
5,000,000
|
4,663,465
|
|
Colorado, Broadway Station Metropolitan District No. 3, Series B, 0%–7.5%
12/1/2049 (c)
|
|
2,000,000
|
1,297,390
|
|
Colorado, General Obligation, Series A, 144A, 5.0%, 12/1/2051
|
|
1,150,000
|
1,037,630
|
|
Colorado, North Range Metropolitan District No. 3, Series A, 5.25%, 12/1/2050
|
|
2,167,000
|
2,153,322
|
|
Colorado, Public Energy Authority, Natural Gas Purchased Revenue, 6.25%,
11/15/2028, GTY: Merrill Lynch & Co.
|
|
6,365,000
|
6,752,004
|
|
Colorado, State Health Facilities Authority, Hospital Revenue, CommonSpirit Health
Obligation Group, Series A-1, 4.0%, 8/1/2037
|
|
1,695,000
|
1,679,943
|
|
Colorado, Trails At Crowfoot Metropolitan District No. 3, Series A, 5.0%, 12/1/2049
|
|
1,000,000
|
962,146
|
|
Denver City & County, CO, Airport System Revenue:
|
|
|
|
|
Series B, AMT, 5.5%, 11/15/2040
|
|
365,000
|
418,464
|
|
Series B, AMT, 5.5%, 11/15/2042
|
|
335,000
|
380,478
|
|
Series B, AMT, 5.5%, 11/15/2043
|
|
335,000
|
378,605
|
|
Denver, CO, Convention Center Hotel Authority Revenue:
|
|
|
|
|
5.0%, 12/1/2033
|
|
500,000
|
510,967
|
|
5.0%, 12/1/2034
|
|
1,000,000
|
1,019,360
|
|
Denver, CO, Urban Renewal Authority, Tax Increment Revenue, 9th Urban
Redevelopment Area, Series A, 144A, 5.25%, 12/1/2039
|
|
1,695,000
|
1,718,693
|
|
Douglas County, CO, Rampart Range Metropolitan District No. 5:
|
|
|
|
|
4.0%, 12/1/2041
|
|
560,000
|
451,994
|
|
4.0%, 12/1/2051
|
|
1,590,000
|
1,187,739
|
|
|
|
|
24,612,200
|
|
District of Columbia 1.1%
|
|
||
|
District of Columbia, Latin American Montessori Bilingual Public Charter School,
5.0%, 6/1/2050
|
|
3,370,000
|
3,168,270
|
|
District of Columbia, Two Rivers Public Charter School, Inc., 5.0%, 6/1/2040
|
|
1,000,000
|
975,084
|
|
Metropolitan Washington, DC, Airport Authority, Dulles Toll Road Revenue, Series B,
3.0%, 10/1/2050, INS: AGMC
|
|
1,395,000
|
1,068,316
|
|
|
|
|
5,211,670
|
|
Florida 10.5%
|
|
||
|
Charlotte County, FL, Industrial Development Authority, Utility System Revenue, Town
& Country Utilities Project, Series A, 144A, AMT, 4.0%, 10/1/2051, GTY: Babcock
Ranch IRR LLC
|
|
750,000
|
605,824
|
|
Collier County, FL, Industrial Development Authority, Continuing Care Community
Revenue, Arlington of Naples Project, Series A, 144A, 8.125%, 5/15/2044 (d)
|
|
1,722,553
|
46,509
|
|
Collier County, FL, State Educational Facilities Authority Revenue, Ave Maria
University Inc., 5.25%, 6/1/2038
|
|
1,315,000
|
1,357,593
|
|
Florida, Capital Project Finance Authority, Student Housing Revenue, Loan Program:
|
|
|
|
|
Series A-1, 5.0%, 10/1/2032
|
|
230,000
|
239,779
|
|
Series A-1, 5.0%, 10/1/2033
|
|
230,000
|
239,113
|
|
Series A-1, 5.0%, 10/1/2034
|
|
230,000
|
238,113
|
|
Series A-1, 5.0%, 10/1/2035
|
|
115,000
|
118,425
|
|
Florida, Capital Projects Finance Authority Revenue, Provident Group - Continuum
Properties LLC:
|
|
|
|
|
Series A-1, 5.0%, 11/1/2053
|
|
185,000
|
186,184
|
|
Series A-1, 5.0%, 11/1/2058
|
|
295,000
|
295,543
|
|
Florida, Capital Trust Agency, Educational Facilities Authority, Charter Educational
Foundation Project, Series A, 144A, 5.375%, 6/15/2048
|
|
1,840,000
|
1,727,264
|
|
Florida, Capital Trust Agency, Educational Growth Fund LLC, Charter School Portfolio
Project, Series A-1, 144A, 5.0%, 7/1/2056
|
|
1,190,000
|
1,083,794
|
|
Florida, Capital Trust Agency, Southeastern University Obligated Group Project:
|
|
|
|
|
Series A, 144A, 6.25%, 5/1/2048
|
|
2,000,000
|
2,026,208
|
|
Series A, 144A, 6.375%, 5/1/2053
|
|
800,000
|
812,938
|
|
Florida, Development Finance Corp., Brightline Holdings LLC, Series A, 144A, AMT,
8.0% (a), 7/1/2057
|
|
500,000
|
525,107
|
|
Florida, Development Finance Corp., Educational Facilities Revenue, River City Science
Academy Project:
|
|
|
|
|
Series A-1, 5.0%, 7/1/2042
|
|
75,000
|
77,095
|
|
Series B, 5.0%, 7/1/2042
|
|
80,000
|
82,235
|
|
Series A-1, 5.0%, 7/1/2051
|
|
70,000
|
70,376
|
|
Series B, 5.0%, 7/1/2051
|
|
115,000
|
115,618
|
|
Series A-1, 5.0%, 2/1/2057
|
|
100,000
|
99,916
|
|
Series B, 5.0%, 7/1/2057
|
|
120,000
|
119,897
|
|
Florida, Development Finance Corp., Surface Transportation Facilities Revenue,
Brightline Passenger Rail Project, Series B, 144A, AMT, 7.375%, 1/1/2049
|
|
1,500,000
|
1,537,476
|
|
Florida, Development Finance Corp., Surface Transportation Facilities Revenue, Virgin
Trains USA Passenger Rail Project, Series A, 144A, AMT, 6.5% (a), 1/1/2049
|
|
1,905,000
|
1,902,481
|
|
Florida, State Development Finance Corp., Learning Gate Community School Project:
|
|
|
|
|
Series A, 5.0%, 2/15/2038
|
|
500,000
|
505,949
|
|
Series A, 5.0%, 2/15/2048
|
|
1,150,000
|
1,154,269
|
|
Florida, State Development Finance Corp., Senior Living Revenue, The Cabana at
Jensen Dunes Project:
|
|
|
|
|
Series A, 144A, 5.0%, 11/15/2056
|
|
1,000,000
|
723,620
|
|
Series A, 144A, 5.25%, 11/15/2056
|
|
9,000,000
|
6,793,805
|
|
Florida, State Higher Educational Facilities Financial Authority Revenue, Florida
Institute of Technology:
|
|
|
|
|
4.0%, 10/1/2044
|
|
1,395,000
|
1,230,592
|
|
4.0%, 10/1/2049
|
|
1,905,000
|
1,605,296
|
|
Florida, State Higher Educational Facilities Financial Authority Revenue, Jacksonville
University Project, Series A-1, 144A, 4.75%, 6/1/2038
|
|
1,750,000
|
1,662,874
|
|
Florida, Village Community Development District No. 12, Special Assessment Revenue:
|
|
|
|
|
4.25%, 5/1/2043
|
|
2,275,000
|
2,140,473
|
|
4.375%, 5/1/2050
|
|
1,905,000
|
1,757,260
|
|
Florida, Village Community Development District No. 13, Special Assessment Revenue,
3.25%, 5/1/2052
|
|
1,675,000
|
1,258,551
|
|
Florida, Village Community Development District No. 14, 5.5%, 5/1/2053
|
|
2,640,000
|
2,737,908
|
|
Florida, Village Community Development District No. 15, Special Assessment Revenue,
144A, 5.25%, 5/1/2054
|
|
720,000
|
740,043
|
|
Jacksonville, FL, Educational Facilities Revenue, Jacksonville University Project,
Series B, 144A, 5.0%, 6/1/2053
|
|
3,250,000
|
2,932,005
|
|
Lake County, FL, Educational Facilities Revenue, Imagine South Lake Charter School
Project, Series A, 144A, 5.0%, 1/15/2054
|
|
2,070,000
|
1,874,062
|
|
Miami-Dade County, FL, Seaport Revenue, Series A, AMT, 5.0%, 10/1/2040
|
|
1,500,000
|
1,616,031
|
|
Osceola County, FL, Transportation Revenue:
|
|
|
|
|
Series A2, Zero Coupon, 10/1/2049
|
|
3,400,000
|
894,439
|
|
Series A2, Zero Coupon, 10/1/2051
|
|
4,775,000
|
1,125,539
|
|
Series A2, Zero Coupon, 10/1/2054
|
|
4,570,000
|
912,310
|
|
Palm Beach County, FL, Health Facilities Authority Revenue, Lifespace Communities,
Inc. Obligated Group:
|
|
|
|
|
Series C, 7.5%, 5/15/2053
|
|
340,000
|
367,383
|
|
Series C, 7.625%, 5/15/2058
|
|
455,000
|
491,347
|
|
Seminole County, FL, Industrial Development Authority, Legacy Pointe At UCF Project:
|
|
|
|
|
Series A, 5.25%, 11/15/2039
|
|
445,000
|
371,481
|
|
Series A, 5.5%, 11/15/2049
|
|
3,635,000
|
2,862,799
|
|
|
|
|
49,265,524
|
|
Georgia 1.9%
|
|
||
|
George L Smith II, GA, Congress Center Authority, Convention Center Hotel First Tier,
Series A, 4.0%, 1/1/2054
|
|
1,420,000
|
1,264,503
|
|
George L Smith II, GA, Congress Center Authority, Convention Center Hotel Second
Tier, Series B, 144A, 5.0%, 1/1/2054
|
|
3,365,000
|
3,035,513
|
|
Georgia, Main Street Natural Gas, Inc., Gas Supply Revenue, Series B, 5.0% (a),
7/1/2053, GTY: Royal Bank of Canada
|
|
4,110,000
|
4,361,857
|
|
|
|
|
8,661,873
|
|
Illinois 5.5%
|
|
||
|
Chicago, IL, Board of Education:
|
|
|
|
|
Series B, 4.0%, 12/1/2035
|
|
2,500,000
|
2,468,586
|
|
Series A, 5.0%, 12/1/2033
|
|
740,000
|
759,329
|
|
Series A, 6.0%, 12/1/2049
|
|
1,400,000
|
1,553,470
|
|
Chicago, IL, General Obligation:
|
|
|
|
|
Series B, 4.0%, 1/1/2036
|
|
950,000
|
964,987
|
|
Series A, 6.0%, 1/1/2038
|
|
2,180,000
|
2,285,132
|
|
Illinois, Housing Development Authority Revenue:
|
|
|
|
|
Series B, 3.0%, 4/1/2051
|
|
3,215,000
|
3,113,987
|
|
Series E, 5.25%, 10/1/2052
|
|
3,810,000
|
3,963,237
|
|
Illinois, State Finance Authority Revenue, Friendship Village of Schaumburg, 5.125%,
2/15/2045* (d)
|
|
7,935,000
|
2,142,450
|
|
Illinois, State General Obligation:
|
|
|
|
|
5.0%, 11/1/2034
|
|
1,500,000
|
1,551,198
|
|
Series A, 5.0%, 12/1/2042
|
|
3,610,000
|
3,704,226
|
|
5.5%, 5/1/2039
|
|
1,535,000
|
1,696,997
|
|
5.75%, 5/1/2045
|
|
1,470,000
|
1,614,253
|
|
|
|
|
25,817,852
|
|
Indiana 1.9%
|
|
||
|
Indiana, State Finance Authority Revenue, Educational Facilities, Rock Creek
Community Academy Inc., Project:
|
|
|
|
|
Series A, 144A, 5.875%, 7/1/2038
|
|
1,340,000
|
1,351,302
|
|
Series A, 144A, 6.125%, 7/1/2048
|
|
3,660,000
|
3,687,200
|
|
Indiana, State Housing & Community Development Authority, Single Family Mortgage
Revenue, Series C-1, 5.0%, 7/1/2053
|
|
690,000
|
712,172
|
|
Indianapolis, IN, Local Public Improvement Bond Bank, Airport Authority Project:
|
|
|
|
|
Series E, 6.0%, 3/1/2053
|
|
595,000
|
640,563
|
|
Series E, 6.125%, 3/1/2057
|
|
300,000
|
323,866
|
|
Series F, 7.75%, 3/1/2067
|
|
2,000,000
|
2,113,184
|
|
|
|
|
8,828,287
|
|
Iowa 1.6%
|
|
||
|
Iowa, State Finance Authority Revenue, Lifespace Communities, Inc. Obligated Group,
Series B, 7.5%, 5/15/2053
|
|
455,000
|
491,645
|
|
Iowa, State Higher Education Loan Authority Revenue, Des Moines University Project,
4.0%, 10/1/2050
|
|
5,210,000
|
4,632,977
|
|
Iowa, State Student Loan Liquidity Corp., Senior Revenue, Series B, AMT, 3.0%,
12/1/2039
|
|
250,000
|
239,660
|
|
Iowa, Tobacco Settlement Authority Revenue:
|
|
|
|
|
“2", Series B-2, Zero Coupon, 6/1/2065
|
|
3,555,000
|
492,630
|
|
“2", Series B1, 4.0%, 6/1/2049
|
|
1,550,000
|
1,565,494
|
|
|
|
|
7,422,406
|
|
Kansas 0.2%
|
|
||
|
Wyandotte County, KS, Unified Government, Legends Apartments Garage & West Lawn
Project, 4.5%, 6/1/2040
|
|
1,195,000
|
1,134,292
|
|
Kentucky 0.3%
|
|
||
|
Kentucky, State Economic Development Finance Authority, Owensboro Health, Inc.,
Obligated Group, Series A, 5.25%, 6/1/2041
|
|
1,275,000
|
1,300,904
|
|
Louisiana 0.1%
|
|
||
|
Louisiana, Public Facilities Authority Revenue, Ochsner Clinic Foundation Project,
Prerefunded, 5.0%, 5/15/2047
|
|
10,000
|
10,413
|
|
Louisiana, State Gasoline & Fuels Tax Revenue, Series A-1, 3.65% (b), 3/1/2024,
LOC: Toronto-Dominion Bank
|
|
600,000
|
600,000
|
|
|
|
|
610,413
|
|
Massachusetts 1.1%
|
|
||
|
Massachusetts, State Development Finance Agency Revenue, Springfield College,
Series A, 4.0%, 6/1/2056
|
|
450,000
|
368,086
|
|
Massachusetts, State Educational Financing Authority:
|
|
|
|
|
Series B, AMT, 3.0%, 7/1/2035
|
|
90,000
|
89,128
|
|
Series B, AMT, 4.25%, 7/1/2044
|
|
3,800,000
|
3,772,918
|
|
Massachusetts, State Educational Financing Authority, Educational Loan Revenue
Bonds, Issue M, Series B, AMT, 2.0%, 7/1/2037
|
|
1,000,000
|
871,642
|
|
|
|
|
5,101,774
|
|
Michigan 1.7%
|
|
||
|
Kentwood, MI, Economic Development Corp., Holland Home Obligated Group,
Series 2022, 4.0%, 11/15/2043
|
|
1,500,000
|
1,201,923
|
|
Michigan, Finance Authority Higher Facilities, Ltd. Obligation Revenue, Kettering
University Project:
|
|
|
|
|
4.0%, 9/1/2045
|
|
1,775,000
|
1,656,611
|
|
4.0%, 9/1/2050
|
|
1,660,000
|
1,491,092
|
|
Michigan, State Finance Authority Revenue, Detroit Water & Sewer Department,
Series C, 5.0%, 7/1/2035
|
|
910,000
|
920,974
|
|
Michigan, State Finance Authority Revenue, Tobacco Settlement Revenue:
|
|
|
|
|
“1", Series A, 4.0%, 6/1/2049
|
|
1,000,000
|
916,488
|
|
Series A2, 5.0%, 6/1/2040
|
|
1,770,000
|
1,860,764
|
|
|
|
|
8,047,852
|
|
Minnesota 1.2%
|
|
||
|
Minnesota, State Housing Finance Agency, Series I, 5.0%, 7/1/2053
|
|
3,805,000
|
3,929,689
|
|
Minnesota, State Office of Higher Education Revenue, AMT, 2.65%, 11/1/2038
|
|
1,895,000
|
1,682,352
|
|
|
|
|
5,612,041
|
|
Missouri 1.7%
|
|
||
|
Kansas City, MO, Land Clearance Redevelopment Authority Project Revenue,
Convention Center Hotel Project, Series A, 144A, 6.25%, 4/15/2049
|
|
3,750,000
|
3,205,344
|
|
Missouri, State Health & Educational Facilities Authority Revenue, Medical Research,
Lutheran Senior Services:
|
|
|
|
|
4.0%, 2/1/2042
|
|
1,450,000
|
1,253,347
|
|
Series A, 5.0%, 2/1/2046
|
|
665,000
|
638,460
|
|
St. Louis, MO, Industrial Development Authority Financing Revenue, Ballpark Village
Development Project, Series A, 4.75%, 11/15/2047
|
|
3,875,000
|
2,974,368
|
|
|
|
|
8,071,519
|
|
Nevada 1.1%
|
|
||
|
Nevada, Tahoe Douglas Visitors Authority, Stateline Revenue:
|
|
|
|
|
5.0%, 7/1/2040
|
|
1,000,000
|
1,025,048
|
|
5.0%, 7/1/2045
|
|
1,000,000
|
1,009,888
|
|
5.0%, 7/1/2051
|
|
1,000,000
|
1,001,030
|
|
Reno, NV, Sales Tax Revenue, Transportation Rail Access, Series C, 144A, Zero
Coupon, 7/1/2058
|
|
16,000,000
|
2,130,370
|
|
|
|
|
5,166,336
|
|
New Hampshire 0.0%
|
|
||
|
New Hampshire, State Health & Educational Facilities Authority Revenue, Hillside
Village:
|
|
|
|
|
Series A, 144A, 6.125%, 7/1/2037* (d)
|
|
726,970
|
14,539
|
|
Series A, 144A, 6.25%, 7/1/2042* (d)
|
|
880,441
|
17,609
|
|
|
|
|
32,148
|
|
New Jersey 2.7%
|
|
||
|
New Jersey, State Covid-19 General Obligation Emergency Bonds, Series A, 4.0%,
6/1/2031
|
|
415,000
|
451,138
|
|
New Jersey, State Economic Development Authority Revenue, Series SSS, 5.25%,
6/15/2038 (e)
|
|
400,000
|
466,954
|
|
New Jersey, State Economic Development Authority Revenue, Black Horse EHT Urban
Renewal LLC Project, Series A, 144A, 5.0%, 10/1/2039* (d)
|
|
3,795,000
|
2,514,825
|
|
New Jersey, State Economic Development Authority Revenue, White Horse HMT Urban
Renewal LLC Project, 144A, 5.0%, 1/1/2040* (d)
|
|
1,625,000
|
1,127,854
|
|
New Jersey, State Economic Development Authority, Special Facilities Revenue,
Continental Airlines, Inc. Project, Series B, AMT, 5.625%, 11/15/2030
|
|
2,500,000
|
2,525,805
|
|
New Jersey, State Higher Education Assistance Authority, Student Loan Revenue:
|
|
|
|
|
Series B, AMT, 3.25%, 12/1/2039
|
|
780,000
|
743,715
|
|
Series B, AMT, 3.5%, 12/1/2039
|
|
1,175,000
|
1,134,805
|
|
Series C, AMT, 5.0%, 12/1/2053
|
|
605,000
|
588,066
|
|
New Jersey, State Housing & Mortgage Finance Agency, Single Family Housing
Revenue, Series I, 5.0%, 10/1/2053
|
|
1,160,000
|
1,200,362
|
|
New Jersey, Transportation Trust Fund Authority, Series BB, 4.0%, 6/15/2040
|
|
2,025,000
|
2,055,030
|
|
|
|
|
12,808,554
|
|
New Mexico 0.5%
|
|
||
|
New Mexico, State Mortgage Finance Authority, “I”, Series D, 3.25%, 7/1/2044
|
|
2,460,000
|
2,147,888
|
|
New York 7.0%
|
|
||
|
Buffalo & Erie County, NY, Industrial Land Development Corp., D'Youville College
Project:
|
|
|
|
|
Series A, 4.0%, 11/1/2040
|
|
1,200,000
|
1,070,515
|
|
Series A, 4.0%, 11/1/2050
|
|
2,500,000
|
2,042,756
|
|
Monroe County, NY, Industrial Development Corp. Revenue, St. Ann's Community
Project, 5.0%, 1/1/2050
|
|
4,750,000
|
3,768,963
|
|
New York, Brooklyn Arena Local Development Corp., Pilot Revenue, Barclays Center
Project, Series A, 4.0%, 7/15/2035, INS: AGMC
|
|
455,000
|
457,938
|
|
New York, Metropolitan Transportation Authority Revenue:
|
|
|
|
|
Series G-1, 3.51% (b), 3/7/2024, LOC: TD Bank NA
|
|
100,000
|
100,000
|
|
Series 2012-G1, 3.78% (b), 3/1/2024, LOC: Barclays Bank PLC
|
|
1,800,000
|
1,800,000
|
|
Series E-1, 3.78% (b), 3/1/2024, LOC: Barclays Bank PLC
|
|
420,000
|
420,000
|
|
New York, State Dormitory Authority Revenues, Non-State Supported Debt, The New
School:
|
|
|
|
|
Series A, 4.0%, 7/1/2047
|
|
500,000
|
475,794
|
|
Series A, 4.0%, 7/1/2052
|
|
590,000
|
539,908
|
|
New York, State Transportation Development Corp., Special Facilities Revenue, Delta
Air Lines, Inc., LaGuardia Airport C&D Redevelopment, AMT, 5.625%, 4/1/2040
|
|
1,290,000
|
1,401,635
|
|
New York, State Transportation Development Corp., Special Facilities Revenue, John F.
Kennedy International Airport Project:
|
|
|
|
|
AMT, 3.0%, 8/1/2031, GTY: American Airlines Group, Inc.
|
|
500,000
|
465,782
|
|
AMT, 4.0%, 12/1/2042
|
|
1,200,000
|
1,127,184
|
|
AMT, 5.375%, 8/1/2036
|
|
900,000
|
940,415
|
|
AMT, 5.375%, 6/30/2060
|
|
2,085,000
|
2,188,992
|
|
AMT, 6.0%, 6/30/2054
|
|
250,000
|
275,367
|
|
New York, TSASC, Inc.:
|
|
|
|
|
Series A, 5.0%, 6/1/2041
|
|
595,000
|
604,733
|
|
Series B, 5.0%, 6/1/2048
|
|
2,800,000
|
2,533,722
|
|
New York City, NY, Housing Development Corp., Multi-Family Housing Revenue:
|
|
|
|
|
Series E-1, 2.8%, 11/1/2034
|
|
4,340,000
|
3,920,654
|
|
Series E-1, 3.0%, 11/1/2039
|
|
2,355,000
|
2,065,180
|
|
New York Counties, NY, Tobacco Trust IV, Series F, Zero Coupon, 6/1/2060
|
|
35,000,000
|
2,558,357
|
|
New York, NY, General Obligation, Series G-6, 3.5% (b), 3/1/2024, LOC: Mizuho Bank
Ltd.
|
|
1,565,000
|
1,565,000
|
|
Orange County, NY, Senior Care Revenue, Industrial Development Agency, The Glen
Arden Project, Series A, 5.7%, 1/1/2028* (d)
|
|
2,125,000
|
1,381,250
|
|
Westchester County, NY, Local Development Corp., Health Care Corp. Obligated Group
Revenue, 5.75%, 11/1/2053, INS: AGMC
|
|
1,000,000
|
1,157,664
|
|
|
|
|
32,861,809
|
|
North Carolina 0.4%
|
|
||
|
North Carolina, State Education Assistance Authority Revenue, Series A, AMT, 5.0%,
6/1/2043
|
|
660,000
|
674,779
|
|
North Carolina, State Housing Finance Agency, Series 42, 4.0%, 1/1/2050
|
|
1,155,000
|
1,148,742
|
|
|
|
|
1,823,521
|
|
North Dakota 0.1%
|
|
||
|
City of Grand Forks, ND, Altru Health System Obligated Group Revenue, Series A,
5.0%, 12/1/2053, INS: AGMC
|
|
315,000
|
331,222
|
|
Ohio 4.0%
|
|
||
|
Buckeye, OH, Tobacco Settlement Financing Authority:
|
|
|
|
|
“2", Series B-3, Zero Coupon, 6/1/2057
|
|
15,000,000
|
1,573,059
|
|
“2", Series B-2, 5.0%, 6/1/2055
|
|
4,300,000
|
4,103,739
|
|
Hamilton County, OH, Health Care Revenue, Life Enriching Communities Project:
|
|
|
|
|
5.0%, 1/1/2051
|
|
1,270,000
|
1,166,403
|
|
Series A, 5.0%, 1/1/2052
|
|
1,000,000
|
915,822
|
|
Series A, 5.75%, 1/1/2053
|
|
380,000
|
391,627
|
|
Ohio, Akron, Bath & Copley Joint Township Hospital District Revenue, 5.25%,
11/15/2046
|
|
1,575,000
|
1,605,391
|
|
Ohio, State Air Quality Development Authority, Exempt Facilities Revenue, Pratt
Paper LLC Project:
|
|
|
|
|
144A, AMT, 4.25%, 1/15/2038, GTY: Pratt Industries, Inc.
|
|
725,000
|
713,770
|
|
144A, AMT, 4.5%, 1/15/2048, GTY: Pratt Industries, Inc.
|
|
3,115,000
|
2,987,190
|
|
Ohio, State Hospital Revenue, Aultman Health Foundation, 144A, 5.0%, 12/1/2048
|
|
6,000,000
|
5,389,501
|
|
|
|
|
18,846,502
|
|
Oklahoma 0.9%
|
|
||
|
Oklahoma, State Development Finance Authority, Health System Revenue, OU
Medicine Project:
|
|
|
|
|
Series B, 5.25%, 8/15/2048
|
|
1,545,000
|
1,561,740
|
|
Series A, 5.5%, 8/15/2041
|
|
1,360,000
|
1,352,994
|
|
Series A, 5.5%, 8/15/2044
|
|
1,445,000
|
1,421,135
|
|
|
|
|
4,335,869
|
|
Pennsylvania 1.5%
|
|
||
|
Chester County, PA, Industrial Development Authority, Special Obligation Revenue,
Woodlands at Graystone Neighborhood Improvement Project, 144A, 5.125%,
3/1/2048
|
|
403,000
|
386,373
|
|
Lancaster County, PA, Hospital Authority, Brethren Village Project:
|
|
|
|
|
5.125%, 7/1/2037
|
|
900,000
|
855,294
|
|
5.25%, 7/1/2041
|
|
900,000
|
852,862
|
|
Pennsylvania, Higher Education Assistance Agency Education Loan Revenue, Series A,
AMT, 2.45%, 6/1/2041
|
|
2,970,000
|
2,558,639
|
|
Pennsylvania, State Economic Development Financing Authority Revenue, UPMC
Obligated Group, Series A-2, 4.0%, 5/15/2043
|
|
875,000
|
854,926
|
|
Pennsylvania, State Housing Finance Agency, Single Family Mortgage Revenue,
Series 132A, 3.5%, 4/1/2051
|
|
995,000
|
983,714
|
|
Pennsylvania, State Turnpike Commission Revenue, Series A-1, 5.0%, 12/1/2041
|
|
20,000
|
20,354
|
|
Philadelphia, PA, Authority For Industrial Development, Philadelphia Electrical and
Technology Charter High School Project, Series A, 4.0%, 6/1/2051
|
|
875,000
|
682,503
|
|
|
|
|
7,194,665
|
|
South Carolina 1.0%
|
|
||
|
South Carolina, Public Service Authority Revenue, Series A, 4.0%, 12/1/2055
|
|
1,000,000
|
903,845
|
|
South Carolina, State Public Service Authority Revenue:
|
|
|
|
|
Series B, 4.0%, 12/1/2047
|
|
1,820,000
|
1,741,806
|
|
Series A, 4.0%, 12/1/2052
|
|
2,160,000
|
2,000,596
|
|
|
|
|
4,646,247
|
|
South Dakota 0.4%
|
|
||
|
Lincon County, SD, Economic Development Revenue, Augustana College Association
Project, Series A, 4.0%, 8/1/2056
|
|
2,050,000
|
1,692,848
|
|
Tennessee 1.5%
|
|
||
|
Metropolitan Nashville, TN, Airport Authority Revenue:
|
|
|
|
|
Series B, AMT, 4.0%, 7/1/2049
|
|
1,000,000
|
933,625
|
|
Series B, AMT, 4.0%, 7/1/2054
|
|
500,000
|
454,608
|
|
Nashville & Davidson County, TN, Metropolitan Development & Housing Agency, Tax
Increment Revenue, Fifth Broadway Development District, 144A, 5.125%, 6/1/2036
|
|
900,000
|
919,261
|
|
Nashville & Davidson County, TN, Metropolitan Government Health & Education
Facilities Board Revenue, Blakeford At Green Hills Corp., Series A, 4.0%, 11/1/2055
|
|
4,000,000
|
2,823,897
|
|
Tennessee, New Memphis Arena Public Building Authority, City of Memphis Project,
0%–4.0% 4/1/2031 (c)
|
|
750,000
|
691,396
|
|
Tennessee, State Energy Acquisition Corporation Revenue, Series A, 5.0% (a), 5/1/2052,
GTY: Goldman Sachs Group, Inc.
|
|
1,200,000
|
1,270,306
|
|
|
|
|
7,093,093
|
|
Texas 8.9%
|
|
||
|
Central Texas, Regional Mobility Authority Revenue, Capital Appreciation:
|
|
|
|
|
Zero Coupon, 1/1/2030
|
|
5,000,000
|
4,081,817
|
|
Zero Coupon, 1/1/2032
|
|
3,500,000
|
2,642,310
|
|
Clifton, TX, Higher Education Finance Corp., Education Revenue, Series D, 6.125%,
8/15/2048
|
|
4,485,000
|
4,591,902
|
|
Dallas, TX, Kay Bailey Hutchison Convention Center Project, Senior Lien, Special Tax,
144A, 6.0% (a), 8/15/2053
|
|
3,015,000
|
3,056,348
|
|
Matagorda County, TX, Navigation District No. 1, Pollution Control Revenue, AEP
Texas Central Co. Project, Series A, 4.4%, 5/1/2030, INS: AMBAC
|
|
4,000,000
|
4,068,665
|
|
Newark, TX, Higher Education Finance Corp., Texas Revenue, Abilene Christian
University Project, Series A, 4.0%, 4/1/2057
|
|
3,715,000
|
3,260,401
|
|
San Antonio, TX, Education Facilities Corp., Higher Education Revenue, Hallmark
University Project:
|
|
|
|
|
Series A, 5.0%, 10/1/2041
|
|
450,000
|
383,227
|
|
Series A, 5.0%, 10/1/2051
|
|
735,000
|
584,173
|
|
Temple, TX, Tax Increment, Reinvestment Zone No. 1:
|
|
|
|
|
Series A, 4.0%, 8/1/2039, INS: BAM
|
|
170,000
|
172,422
|
|
Series A, 4.0%, 8/1/2041, INS: BAM
|
|
235,000
|
235,608
|
|
Series A, 5.0%, 8/1/2038
|
|
2,830,000
|
2,838,088
|
|
Texas, Industrial Development Corp. Revenue, Energy Transfer LP, 4.05% (a), 11/1/2050
|
|
1,275,000
|
1,293,561
|
|
Texas, New Hope Cultural Education Facilities Finance Corp. Revenue, Bridgemoor
Plano Project:
|
|
|
|
|
Series A-2, Zero Coupon, 12/31/2030
|
|
1,172,249
|
655,856
|
|
Series A-1, 7.25%, 12/31/2030
|
|
6,105,000
|
6,075,006
|
|
Texas, New Hope Cultural Education Facilities Finance Corp., Educational Revenue,
Cumberland Academy Project, Series A, 144A, 5.0%, 8/15/2050
|
|
3,550,000
|
3,294,692
|
|
Texas, New Hope Cultural Education Facilities Finance Corp., Retirement Facilities
Revenue, Westminster Project, 4.0%, 11/1/2049
|
|
150,000
|
131,191
|
|
Texas, Private Activity Bond, Surface Transportation Corp. Revenue, North Tarrant
Express, AMT, 5.5%, 12/31/2058
|
|
1,485,000
|
1,634,627
|
|
Texas, State Municipal Gas Acquisition & Supply Corp. I, Gas Supply Revenue,
Series D, 6.25%, 12/15/2026, GTY: Merrill Lynch & Co.
|
|
2,360,000
|
2,450,868
|
|
|
|
|
41,450,762
|
|
Utah 1.5%
|
|
||
|
Utah, Infrastructure Agency Telecommunication Revenue:
|
|
|
|
|
Series A, 4.0%, 10/15/2036
|
|
1,565,000
|
1,511,040
|
|
Series A, 4.0%, 10/15/2041
|
|
600,000
|
538,969
|
|
Series A, 4.0%, 10/15/2042
|
|
785,000
|
696,563
|
|
Utah, State Charter School Finance Authority, St. George Campus Project, Series A,
144A, 5.0%, 6/15/2052
|
|
1,130,000
|
885,270
|
|
Utah, State Charter School Financing Authority Revenue, Freedom Academy Foundation
Project, 144A, 5.375%, 6/15/2048
|
|
3,990,000
|
3,393,538
|
|
|
|
|
7,025,380
|
|
Vermont 0.4%
|
|
||
|
Vermont, State Educational & Health Buildings Financing Agency Revenue, St
Michael's College Inc., 144A, 5.5%, 10/1/2043
|
|
2,000,000
|
2,033,233
|
|
Virginia 3.8%
|
|
||
|
Prince William County, VA, Industrial Development Authority, Residential Care
Facilities, Westminster at Lake Ridge:
|
|
|
|
|
5.0%, 1/1/2037
|
|
1,000,000
|
923,128
|
|
5.0%, 1/1/2046
|
|
1,530,000
|
1,292,490
|
|
Roanoke County, VA, Economic Development Authority Revenue, Richfield Living,
Series A, 5.25%, 9/1/2049
|
|
790,000
|
732,346
|
|
Roanoke County, VA, Economic Development Authority, RSDL Care Facilities Revenue,
Richfield Living, Series A, 5.375%, 9/1/2054
|
|
685,000
|
635,009
|
|
Virginia, Marquis Community Development Authority Revenue:
|
|
|
|
|
Series C, 9/1/2041*
|
|
11,070,000
|
27,675
|
|
Series B, 5.625%, 9/1/2041 (d) (f)
|
|
7,416,000
|
2,595,600
|
|
144A, 7.5%, 9/1/2045 (d) (f)
|
|
2,284,000
|
799,400
|
|
Virginia, Peninsula Town Center, Community Development Authority Revenue, Special
Obligation:
|
|
|
|
|
144A, 5.0%, 9/1/2037
|
|
1,400,000
|
1,399,560
|
|
144A, 5.0%, 9/1/2045
|
|
4,650,000
|
4,439,251
|
|
Virginia, Small Business Financing Authority Revenue, 95 Express Lanes LLC Project,
AMT, 4.0%, 1/1/2048
|
|
1,205,000
|
1,121,656
|
|
Virginia, Small Business Financing Authority Revenue, Elizabeth River Crossings
OpCo LLC, AMT, 4.0%, 1/1/2038
|
|
1,000,000
|
986,239
|
|
Virginia, Small Business Financing Authority, Elizabeth River Crossings OPCO LLC
Project, AMT, 4.0%, 1/1/2039
|
|
1,500,000
|
1,461,771
|
|
Virginia, Small Business Financing Authority, Private Activity Revenue, Transform 66
P3 Project, AMT, 5.0%, 12/31/2049
|
|
870,000
|
878,150
|
|
Virginia Beach, VA, State Beach Development Authority Residential Care Facility,
Westminster-Canterbury on Chesapeake Bay Obligated Group, Series B-3, 5.375%,
9/1/2029
|
|
430,000
|
443,991
|
|
|
|
|
17,736,266
|
|
Washington 2.4%
|
|
||
|
Skagit County, WA, Public Hospital District No. 1 Revenue, 5.5%, 12/1/2054
|
|
360,000
|
382,425
|
|
Washington, State Convention Center Public Facilities District:
|
|
|
|
|
Series B, 3.0%, 7/1/2048
|
|
4,120,000
|
3,108,700
|
|
Series B, 3.0%, 7/1/2058
|
|
2,080,000
|
1,417,394
|
|
Washington, State Housing Finance Commission, Emerald Heights:
|
|
|
|
|
Series B-2, 4.0%, 7/1/2026
|
|
1,110,000
|
1,110,138
|
|
Series B-1, 4.75%, 7/1/2027
|
|
305,000
|
305,032
|
|
Washington, State Housing Finance Commission, Panorama Project, 3.3% (b), 3/7/2024,
LOC: Wells Fargo Bank NA
|
|
2,050,000
|
2,050,000
|
|
Washington, State Housing Finance Commission, The Hearthstone Project:
|
|
|
|
|
Series A, 144A, 5.0%, 7/1/2038
|
|
775,000
|
639,811
|
|
Series A, 144A, 5.0%, 7/1/2048
|
|
1,735,000
|
1,291,611
|
|
Series A, 144A, 5.0%, 7/1/2053
|
|
1,125,000
|
813,726
|
|
|
|
|
11,118,837
|
|
Wisconsin 7.1%
|
|
||
|
Wisconsin, Health Educational Facilities Authority, Covenant Communities, Inc. Project:
|
|
|
|
|
Series A-1, 5.0%, 7/1/2043
|
|
4,150,000
|
3,871,877
|
|
Series B, 5.0%, 7/1/2048
|
|
1,910,000
|
1,468,282
|
|
Series B, 5.0%, 7/1/2053
|
|
2,875,000
|
2,131,483
|
|
Wisconsin, Public Finance Authority Educational Facility Revenue, Noorba College of
Osteopathic Media Project, Series B, 144A, 6.5%, 6/1/2045
|
|
6,000,000
|
5,278,377
|
|
Wisconsin, Public Finance Authority, Education Revenue, Mountain Island Charter
School Ltd.:
|
|
|
|
|
5.0%, 7/1/2047
|
|
2,000,000
|
1,907,217
|
|
5.0%, 7/1/2052
|
|
910,000
|
851,156
|
|
Wisconsin, Public Finance Authority, Education Revenue, North Carolina Leadership
Academy, Series A, 144A, 5.0%, 6/15/2049
|
|
520,000
|
476,719
|
|
Wisconsin, Public Finance Authority, Fargo-Moorhead Metropolitan Area Flood Risk
Management Project, AMT, 4.0%, 9/30/2051
|
|
3,000,000
|
2,487,365
|
|
Wisconsin, Public Finance Authority, Hospital Revenue, Carson Valley Medical Center,
Series A, 144A, 4.0%, 12/1/2051
|
|
1,290,000
|
1,023,998
|
|
Wisconsin, Public Finance Authority, Pollution Control Revenue, Duke Energy Progress
Project, Series A-2, 3.7% (a), 10/1/2046
|
|
2,700,000
|
2,730,813
|
|
Wisconsin, Public Finance Authority, Roseman University of Health Sciences Project:
|
|
|
|
|
144A, 4.0%, 4/1/2042
|
|
250,000
|
219,385
|
|
144A, Prerefunded, 4.0%, 4/1/2042
|
|
5,000
|
5,508
|
|
144A, 4.0%, 4/1/2052
|
|
440,000
|
360,792
|
|
144A, Prerefunded, 4.0%, 4/1/2052
|
|
15,000
|
16,524
|
|
Wisconsin, Public Finance Authority, Senior Living Community First Mortgage
Revenue, Cedars Obligated Group:
|
|
|
|
|
144A, 5.5%, 5/1/2039
|
|
635,000
|
546,286
|
|
144A, 5.75%, 5/1/2054
|
|
3,570,000
|
2,932,076
|
|
Wisconsin, Public Finance Authority, Wisconsin Hotel Revenue, Senior Lien Grand
Hyatt San Antonio Hotel, Series B, 144A, 6.0%, 2/1/2062
|
|
5,000,000
|
5,130,936
|
|
Wisconsin, Public Financing Authority, Retirement Facilities Revenue, Southminster,
Inc., 144A, 5.0%, 10/1/2053
|
|
1,000,000
|
882,331
|
|
Wisconsin, State Health & Educational Facilities Authority Revenue, Froedtert
Health Inc., Obligated Group, Series A, 4.0%, 4/1/2039
|
|
1,135,000
|
1,114,555
|
|
|
|
|
33,435,680
|
|
Guam 0.1%
|
|
||
|
Guam, Government Waterworks Authority, Water & Wastewater System Revenue,
Series A, 5.0%, 1/1/2050
|
|
655,000
|
675,839
|
|
Puerto Rico 4.8%
|
|
||
|
Puerto Rico, Commonwealth Aqueduct and Sewer Authority, Series A, 144A, 4.0%,
7/1/2042
|
|
2,000,000
|
1,840,735
|
|
Puerto Rico, General Obligation:
|
|
|
|
|
Series A, Zero Coupon, 7/1/2024
|
|
41,737
|
41,185
|
|
Series A, Zero Coupon, 7/1/2033
|
|
3,602,431
|
2,321,920
|
|
Series A1, 4.0%, 7/1/2033
|
|
1,255,987
|
1,233,857
|
|
Series A1, 4.0%, 7/1/2035
|
|
230,098
|
223,346
|
|
Series A1, 4.0%, 7/1/2037
|
|
2,007,160
|
1,917,000
|
|
Series A1, 4.0%, 7/1/2041
|
|
2,098,773
|
1,949,411
|
|
Series A1, 5.375%, 7/1/2025
|
|
285,097
|
289,463
|
|
Series A1, 5.625%, 7/1/2027
|
|
282,516
|
298,462
|
|
Series A1, 5.75%, 7/1/2031
|
|
269,953
|
301,492
|
|
Puerto Rico, Sales Tax Financing Corp., Sales Tax Revenue:
|
|
|
|
|
Series A-1, 4.75%, 7/1/2053
|
|
6,800,000
|
6,803,889
|
|
Series A-1, 5.0%, 7/1/2058
|
|
1,000,000
|
1,007,498
|
|
Puerto Rico, The Childrens Trust Fund, Tobacco Settlement Revenue, Series A, Zero
Coupon, 5/15/2057
|
|
50,000,000
|
4,125,005
|
|
|
|
|
22,353,263
|
|
Other 0.5%
|
|
||
|
Freddie Mac Multi-Family ML Certificates, “A-CA”, Series 2021-ML10, 2.046%,
6/25/2038
|
|
3,325,261
|
2,513,056
|
|
Total Municipal Investments (Cost $482,758,734)
|
455,616,436
|
||
|
|
|||
|
Corporate Bonds 1.1%
|
|
||
|
Consumer Discretionary
|
|
||
|
Grand Canyon University:
|
|
|
|
|
4.125%, 10/1/2024
|
|
3,000,000
|
2,907,300
|
|
5.125%, 10/1/2028
|
|
2,165,000
|
1,947,526
|
|
Total Corporate Bonds (Cost $5,051,812)
|
4,854,826
|
||
|
|
|||
|
Government & Agency Obligations 0.1%
|
|
||
|
U.S. Treasury Obligations
|
|
||
|
U.S. Treasury Bills, 5.312% (g), 3/28/2024 (Cost $547,809)
|
|
550,000
|
547,822
|
|
|
|
Shares
|
Value ($)
|
|
|
|||
|
Closed-End Investment Companies 0.4%
|
|
||
|
Nuveen Quality Municipal Income Fund (Cost $2,515,603)
|
|
172,000
|
1,940,160
|
|
|
|||
|
Open-End Investment Companies 0.0%
|
|
||
|
BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares, 3.01% (h)
(Cost $19,914)
|
|
19,912
|
19,914
|
|
|
|||
|
|
|
% of Net
Assets
|
Value ($)
|
|
Total Investment Portfolio (Cost $490,893,872)
|
98.8
|
462,979,158
|
|
|
Other Assets and Liabilities, Net
|
1.2
|
5,671,118
|
|
|
Net Assets
|
100.0
|
468,650,276
|
|
|
*
|
Non-income producing security.
|
|
(a)
|
Variable or floating rate security. These securities are shown at their current rate as of February 29, 2024. For securities
based on
a published reference rate and spread, the reference rate and spread are indicated within the description above. Certain variable
rate securities are not based on a published reference rate and spread but adjust periodically based on current market conditions,
prepayment of underlying positions and/or other variables. Securities with a floor or ceiling feature are disclosed at the
inherent
rate, where applicable.
|
|
(b)
|
Variable rate demand notes are securities whose interest rates are reset periodically (usually daily mode or weekly mode)
by
remarketing agents based on current market levels, and are not directly set as a fixed spread to a reference rate. These securities
may be redeemed at par by the holder through a put or tender feature, and are shown at their current rates as of February
29,
2024. Date shown reflects the earlier of demand date or stated maturity date.
|
|
(c)
|
Security is a “step-up” bond where the coupon increases or steps-up at a predetermined date. The range of rates shown is the
current coupon rate through the final coupon rate, date shown is the final maturity date.
|
|
(d)
|
Defaulted security or security for which income has been deemed uncollectible.
|
|
(e)
|
When-issued or delayed delivery securities included.
|
|
(f)
|
Security currently paying partial interest. The rate shown represents 50% of the original coupon rate.
|
|
(g)
|
Annualized yield at time of purchase; not a coupon rate.
|
|
(h)
|
Current yield; not a coupon rate.
|
|
144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions
exempt from registration, normally to qualified institutional buyers.
|
|
AGMC: Assured Guaranty Municipal Corp.
|
|
AMBAC: Ambac Financial Group, Inc.
|
|
AMT: Subject to alternative minimum tax.
|
|
BAM: Build America Mutual
|
|
GTY: Guaranty Agreement
|
|
INS: Insured
|
|
LOC: Letter of Credit
|
|
MUNIPSA: SIFMA Municipal Swap Index Yield
|
|
Prerefunded: Bonds which are prerefunded are collateralized usually by U.S. Treasury securities which are held in escrow and
used
to pay principal and interest on tax-exempt issues and to retire the bonds in full at the earliest refunding date.
|
|
SIFMA: Securities Industry and Financial Markets Association
|
|
Assets
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Municipal Investments (a)
|
$—
|
$455,616,436
|
$—
|
$455,616,436
|
|
Corporate Bonds
|
—
|
4,854,826
|
—
|
4,854,826
|
|
Government & Agency Obligations
|
—
|
547,822
|
—
|
547,822
|
|
Closed-End Investment Companies
|
1,940,160
|
—
|
—
|
1,940,160
|
|
Open-End Investment Companies
|
19,914
|
—
|
—
|
19,914
|
|
Total
|
$1,960,074
|
$461,019,084
|
$—
|
$462,979,158
|
|
(a)
|
See Investment Portfolio for additional detailed categorizations.
|