Certain information contained in this report represents the opinion of the investment adviser which may change at any time. This information is not intended to be a forecast of future events, a guarantee of future results or investment advice. Current market conditions may not continue. Also, unless otherwise specifically noted, any discussion of the Funds’ holdings, the Funds’ performance, and the views of the investment adviser are as of April 30, 2023.

Our outlook for financial markets in 2023 was “sideways.” The three major forces—monetary policy, government spending and economic growth—are negative or muted. This is still my view despite events in the last few months, discussed at the end of this letter.

To recap this cycle: stocks and bonds historically do not perform well when the Fed tightens monetary conditions, and that’s just what the Fed announced it would be doing at the end of 2021. This would include raising rates and changing its balance sheet actions, which doesn’t create a great environment for financial assets.

There are three things investors are facing, none of which is particularly positive for financial assets.

Money supply exploded during the COVID–19 pandemic, but declined dramatically in 2022, to low levels. This withdrawal of money supply is bad for stock and bond returns.

A second, modern component to monetary policy is the Fed balance sheet. After buying bonds during the pandemic, the Fed has now started shrinking the balance sheet—from a high of almost $9 trillion in early 2022, assets dropped to just short of $8.3 trillion in March.¹The Fed has only shrunk its balance sheet once before, so we are facing an unknown.

Commodity prices and the Consumer Price Index (“CPI”) receive much focus, but I think what the Fed is really fighting is wage inflation. That is the kind of inflation that is endemic and hard to manage once it takes hold, not least because it creates a spiraling effect. I think the Fed knows it can’t control oil prices or supply chain directly, but it wants to manage this wage inflation psychology.

Services typically don’t reflect the price of commodities and, in 2022, we saw services inflation increase significantly. That’s not slowing down, and this is a battle the Fed is fighting that I think will last for an extended period of time.

A second bearish factor is that government spending is unlikely to increase this year. The Republicans, who won control of the House of Representatives, are looking to slow government spending. And even Democrats like Larry Summers believe that stimulus spending during the pandemic led to inflation, so we’re unlikely to see another big stimulus spending bill regardless of who controls government.

Both Chinese and European growth, for different reasons, were slow in 2022. Over the last 20 years, U.S. and China have been the two main pillars of global growth. While China has loosened its Draconian domestic COVID-19 restrictions, and I think there will be a growth surge, the growth may be more domestic and consumer-led, which may not stimulate global growth as much as it has in recent decades.

The range in China growth estimates is from low (1% to 3%) to “high” (4% to 5%). In coming years, we will likely have to look to India, Indonesia and Africa to take up the baton as pillars of higher percentage global growth.

I don’t believe that we will escape these three dampeners on stock and bond returns in 2023—higher interest rates, no government spending growth and tepid global growth. We will need upside corporate profitability surprises or high Chinese growth to substantially boost markets this year, in our view.

However, after the 2022 losses, bond investments are now offering attractive yields, so this has been our favorite asset class to buy. (See What to Buy? Bonds. When? Now.²) Because of higher interest rates, bonds

can offer adequate returns, as they did in the 1970s even though that decade was the worst for interest rates in the last 100 years.

My basic outlook hasn’t changed. There were two unexpected monetary stimuli in early 2023, but I think both are temporary. The first was the wave of money from Asia at year-end: Japanese bond buying of approximately $600 billion and Chinese money supply growth post-COVID-19. The second monetary stimulus was the credit the Fed provided to banks during the mini-bank crisis of March. I’m worried that the bank crisis will lead to a contraction of credit, but this may be offset by China reopening. Also, I think it is important to note that substantially less credit flows to the real economy from banks (through loans they continue to hold) and much more through alternative credit funds. These funds typically don’t offer daily liquidity, so any credit crunch is likely to be extenuated over several quarters. So, I don’t see these two events as significantly changing the “sideways” trajectory of 2023.

The only “new” thought is that, while I think the Fed won’t stimulate for a while, this is a good time to get positioned in assets that would benefit from that stimulus, namely gold and BTC (bitcoin).

We thank you for investing in VanEck’s investment strategies. On the following pages, you will find a performance discussion and financial statements for each of the funds for the twelve month period ended April 30, 2023. As always, we value your continued confidence in us and look forward to helping you meet your investment goals in the future.

PS The investing outlook can change suddenly. To get our quarterly investment outlooks, please subscribe to “VanEck News & Insights”.³Should you have any questions regarding fund performance, please contact us at 800.826.2333 or visit our website.

1 Barron’s: The Fed’s Balance Sheet Is Shrinking Again. What That Means for Stocks., April 26, 2023, https://www.barrons.com/articles/fed-stocks-balance-sheet-banking-turmoil-cf781ef0

2 What to Buy? Bonds. When? Now, https://www.vaneck.com/us/en/blogs/investment-outlook/jan-van-eck-what-to-buy-bonds-when-now/.

The CEF Muni Income ETF lost 4.53% over the prior 12 months due both to the significant widening of municipal closed-end fund (CEF) discounts and price decreases in the underlying bonds themselves. During the period, the discount at which CEFs traded fluctuated hugely.

The fund is affected by the discount or premium of closed end funds to their NAV. Starting the fund’s fiscal year at a discount of 7.04% on May 2, 2022, the discount narrowed to a high of 3.11% on August 15, 2022. Thereafter, however, the discount then widened meaningfully to 12.41% on March 27, 2023 and ended the fiscal year on April 28 having narrowed a little to 10.80%.

In the High Yield Muni ETF, healthcare, industrial revenue and education sectors contributed the most to the fund’s loss of 3.11%. In terms of state/U.S. territory, California detracted by far the most from performance and Puerto Rico contributed the most positively to performance, but even then, only minimally.

The local and state sectors were the largest contributors to the 0.43% gain recorded by the Short High Yield Muni ETF, with the hospitals and pollution control sectors detracting the most from performance. In terms of state/U.S. territory, Illinois contributed the most positively to performance and Pennsylvania was the greatest detractor from the fund’s performance.

The HIP Sustainable Muni ETF recorded a 1.74% gain over the 12 months period. The state, local and tax sectors contributed the most to performance, while only the toll & turnpike sector detracted from performance. In terms of state/U.S. territory, California, New York and Massachusetts contributed the most positively to performance and Arizona detracted the most, but then only minimally, to the fund’s performance.

In terms of state/U.S. territory, municipal bonds from California and New York contributed the most to the fund’s total return of 3.59%. Four states detracted from the fund’s total return but each only minimally. The state, local and tax sectors contributed the most to the fund’s performance. The health sector detracted, but only minimally.

The tax, water & sewer and state sectors contributed most to the fund’s gain of 0.40% for the 12 month period. The health sector detracted the most from performance. In terms of state/U.S. territory, municipal bonds issued by California, New York and Illinois contributed the most to performance. Florida, Maryland, Michigan, Missouri and Pennsylvania detracted the most from performance.

The Muni Allocation ETF returned 0.08% over the 12 month period versus 2.60% for the ICE US Broad Municipal Index. The largest contributors to the fund’s performance were intermediate- and short-term bonds. The greatest detractors from performance were high-yield and long-term bonds.

Among short municipal bonds, the state, local, tax and refunded sectors contributed the most to the return of the fund, which overall gained 1.82% for the year. No one sector contributed negatively to performance. In terms of state/U.S. territory, California, New York and Texas contributed the most to the total return of the fund. While no state or U.S. territory detracted from performance, South Dakota contributed the least.

Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares.

The price used to calculate market return (Share Price) is determined by using the closing price listed on its primary listing exchange. Since the shares of each Fund did not trade in the secondary market until after each Fund’s commencement, for the period from commencement to the first day of secondary market trading in shares of each Fund, the NAV of each Fund is used as a proxy for the secondary market trading price to calculate market returns.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Performance information for each Fund reflects temporary waivers of expenses and/or fees, if any. Had each Fund incurred all expenses, investment returns would have been reduced. These returns do not reflect the deduction of taxes that a shareholder would pay on Fund dividends and distributions or the sale of Fund shares.

Investment return and value of the shares of each Fund will fluctuate so that an investor’s shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Fund returns reflect reinvestment of dividends and capital gains distributions. Performance current to the most recent month-end is available by calling 800.826.2333 or by visiting vaneck.com.

Index returns assume the reinvestment of all income and do not reflect any management fees or brokerage expenses associated with Fund returns. Certain indices may take into account withholding taxes. Investors cannot invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses.

CEFMXTR is published by S-Network Global Indexes, LLC (“S-Network”). MHYX, MXYT, MBNI, MIBT, MBNL, MLBT, MIHX, MXIT, MBNS, MSBT, MUNI and US00 are published by ICE Data Indices, LLC (“ICE Data”) and its affiliates. LMEHTR, LMT2TR, LMT3TR, LMBITR, BMHYTR, LMT1TR and LBUSTRUU are published by Bloomberg Finance L.P. and its affiliates (“Bloomberg”). Bloomberg, ICE Data and S-Network are referred to herein as the “Index Providers”. Index Providers do not sponsor, endorse, or promote the Funds and bear no liability with respect to the Funds or any security.

As a shareholder of a Fund, you incur operating expenses, including management fees and other Fund expenses. This disclosure is intended to help you understand the ongoing costs (in dollars) of investing in your Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The disclosure is based on an investment of $1,000 invested at the beginning of the period and held for the entire period, November 1, 2022, to April 30, 2023.

The first line in the table below provides information about account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled “Expenses Paid During the Period.”

The second line in the table below provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

	Number of Shares		Value
CLOSED-END FUNDS: 99.9% (a)
Alliance Bernstein National Municipal Income Fund, Inc.		219,889	$	2,368,205
Blackrock Investment Quality Municipal Trust, Inc.		96,703		1,136,260
BlackRock Long-Term Municipal Advantage Trust		70,466		714,525
BlackRock MuniAssets Fund, Inc.		209,454		2,165,754
BlackRock Municipal 2030 Target Term Trust		383,597		8,197,468
BlackRock Municipal Income Fund, Inc.		554,575		6,372,067
BlackRock Municipal Income Quality Trust		181,974		2,096,341
BlackRock Municipal Income Trust		338,934		3,406,287
BlackRock Municipal Income Trust II		334,309		3,516,931
BlackRock MuniHoldings Fund, Inc.		396,404		4,681,531
BlackRock MuniHoldings Quality Fund II, Inc.		168,980		1,671,212
BlackRock MuniVest Fund II, Inc.		161,419		1,711,041
BlackRock MuniVest Fund, Inc.		477,324		3,264,896
BlackRock MuniYield Fund, Inc.		319,897		3,371,714
BlackRock MuniYield Quality Fund II, Inc.		154,641		1,586,617
BlackRock MuniYield Quality Fund III, Inc.		461,516		5,132,058
BlackRock MuniYield Quality Fund, Inc.		498,173		5,883,423
BNY Mellon Municipal Bond Infrastructure Fund, Inc.		97,691		1,089,255
BNY Mellon Municipal Income, Inc.		160,183		1,009,153
BNY Mellon Strategic Municipal Bond Fund, Inc.		374,624		2,195,297
BNY Mellon Strategic Municipals, Inc.		409,938		2,590,808
Delaware Investments National Municipal Income Fund		83,206		866,175
DWS Municipal Income Trust		302,431		2,628,125
Eaton Vance Municipal Bond Fund		487,314		5,019,334
Eaton Vance Municipal Income 2028 Term Trust		56,915		1,054,066

	Number of Shares		Value
Eaton Vance Municipal Income Trust		268,973	$	2,743,525
Eaton Vance National Municipal Opportunities Trust		72,070		1,255,459
Invesco Advantage Municipal Income Trust II		297,517		2,555,671
Invesco Municipal Income Opportunities Trust		171,942		1,108,166
Invesco Municipal Opportunity Trust		456,074		4,360,067
Invesco Municipal Trust		372,129		3,579,881
Invesco Quality Municipal Income Trust		356,427		3,475,163
Invesco Trust for Investment Grade Municipals		363,126		3,565,897
Invesco Value Municipal Income Trust		315,534		3,836,893
MFS High Income Municipal Trust		242,626		856,470
MFS Municipal Income Trust		316,110		1,650,094
Neuberger Berman Municipal Fund, Inc.		128,072		1,362,686
Nuveen AMT-Free Municipal Credit Income Fund		1,402,172		16,545,630
Nuveen AMT-Free Municipal Value Fund		96,315		1,332,036
Nuveen AMT-Free Quality Municipal Income Fund		1,472,445		16,358,864
Nuveen Dynamic Municipal Opportunities Fund		231,667		2,462,620
Nuveen Municipal Credit Income Fund		1,141,223		13,318,072
Nuveen Municipal Credit Opportunities Fund		257,321		2,853,690
Nuveen Municipal High Income Opportunity Fund		512,120		5,530,896
Nuveen Municipal Value Fund, Inc.		958,956		8,438,813
Nuveen Quality Municipal Income Fund		1,408,422		16,154,600
Nuveen Select Tax-Free Income Portfolio		182,518		2,655,637
PIMCO Municipal Income Fund		100,935		1,000,266
PIMCO Municipal Income Fund II		248,364		2,272,531
PIMCO Municipal Income Fund III		132,616		1,079,494

The summary of inputs used to value the Fund’s investments as of April 30, 2023 is as follows:

	Par (000’s		)	Value
MUNICIPAL BONDS: 98.0%
Alabama: 2.2%
Alabama Special Care Facilities Financing Authority, Methodist Home for Aging (RB)
5.25%, 06/01/25	$	315		$	309,945
5.75%, 06/01/26 (c)		2,000			1,699,099
5.75%, 06/01/26 (c)		1,400			1,310,740
6.00%, 06/01/26 (c)		5,900			5,048,672
Alabama State Port Authority Docks Facilities, Series A (RB) (AGM) 5.00%, 10/01/27 (c)		1,000			1,052,552
Hoover Industrial Development Board, United States Steel Corp. Project (RB) 6.38%, 11/01/30 (p)		1,180			1,298,985
Hoover Industrial Development Board, United States Steel Corp. Project (RB) (SD CRED PROG) 5.75%, 10/01/29 (c)		12,540			12,733,886
Jefferson County, Sewer Revenue, Series D (RB)
6.00%, 10/01/23 (c)		10,000			10,575,833
6.50%, 10/01/23 (c)		9,000			9,532,272
Jefferson County, Sewer Revenue, Series E (RB)
0.00%, 10/01/23 (c) ^		60			24,408
0.00%, 10/01/23 (c) ^		100			47,931
Montgomery Alabama Medical Clinic Board of Health Care Facility, Jackson Hospital and Clinic (RB) 5.00%, 03/01/26 (c)		1,350			1,344,462
Southeast Energy Authority, A Cooperative District Commodity Supply, Project No.2, Series B (RB) 4.00%, 12/01/31 (c) (p)		1,000			992,578
Sumter County, Alabama Industrial Development Authority Exempt Facilities, Enviva, Inc. Project (RB) 6.00%, 07/15/32 (c) (p)		13,500			12,177,689
Tuscaloosa County Industrial Development Authority, Hunt Refining Project, Series A (RB) 4.50%, 05/01/29 (c)		3,204			2,938,738
					61,087,790
Alaska: 0.1%
Northern Tobacco Securitization Corp., Series A (RB) 4.00%, 06/01/31 (c)		1,500			1,327,450

	Par (000’s		)	Value
Alaska (continued)
Northern Tobacco Securitization Corp., Series B-2 (RB) 0.00%, 06/01/31 (c) ^	$	3,000		$	380,655
					1,708,105
American Samoa: 0.2%
American Samoa Economic Development Authority, Series A (RB)
5.00%, 09/01/31 (c)		4,250			4,225,716
6.50%, 09/01/28		250			267,527
6.62%, 09/01/25 (c)		1,000			1,047,680
					5,540,923
Arizona: 2.5%
Arizona Industrial Development Authority Education Facility, Leman Academy of Excellence Projects, Series A (RB) 4.50%, 07/01/29 (c)		1,000			893,856
Arizona Industrial Development Authority Education Facility, Leman Academy of Excellence, East Tucson and Central Tucson Projects, Series A (RB) 4.00%, 07/01/24 (c)		500			471,193
Arizona Industrial Development Authority, Academies of Math and Science, Series B (RB) 5.00%, 01/01/27 (c)		200			202,724
Arizona Industrial Development Authority, American Charter School Foundation Project (RB)
6.00%, 07/01/27 (c)		2,940			2,987,178
6.00%, 07/01/27 (c)		1,320			1,358,971
Arizona Industrial Development Authority, Arizona Agribusiness and Equine Center, Inc. Project, Series B (RB) 5.00%, 09/01/27 (c)		1,545			1,488,125
Arizona Industrial Development Authority, Basis School Project, Series A (RB)
5.12%, 07/01/26 (c)		250			250,091
5.25%, 07/01/26 (c)		500			475,667
Arizona Industrial Development Authority, Basis School Project, Series D (RB)
5.00%, 07/01/27 (c)		270			247,998
5.00%, 07/01/27 (c)		515			464,704
Arizona Industrial Development Authority, Basis School Project, Series G (RB) (AGM) 5.00%, 07/01/27 (c)		500			459,256

	Par (000’s		)	Value
Arizona (continued)
Arizona Industrial Development Authority, Benjamin Franklin Charter School Projects, Series A (RB) 5.25%, 07/01/28 (c)	$	1,000		$	942,309
Arizona Industrial Development Authority, Education Facility, Series A (RB)
4.00%, 07/01/31 (c)		1,500			1,177,825
5.25%, 07/01/23 (c)		2,650			2,623,661
5.50%, 07/01/23 (c)		2,100			1,997,554
Arizona Industrial Development Authority, Kaizen Education Project (RB) 5.70%, 07/01/26 (c)		1,000			1,009,113
Arizona Industrial Development Authority, Legacy Cares, Inc. Project, Series A (RB) (AGM) 6.62%, 07/01/27 (d) *		1,000			650,000
Arizona Industrial Development Authority, Legacy Cares, Inc. Project, Series C (RB) (AGM) 6.75%, 07/01/27 (c) (d) *		2,000			1,300,000
Arizona Industrial Development Authority, Pinecrest Academy of Northern Nevada Project, Series A (RB) 4.50%, 07/15/25 (c)		500			487,034
Arizona Industrial Development Authority, Somerset Academy of Las Vegas, Series A (RB) 4.00%, 12/15/29 (c)		1,400			1,019,202
City of Phoenix Civic Improvement Corp., Series B (RB) (BAM-TCRS ST AID WITHHLDG) 5.00%, 07/01/29 (c)		6,990			7,256,303
Glendale Industrial Development Authority, Beatitudes Campus Project (RB)
4.00%, 11/15/24 (c)		250			235,025
5.00%, 11/15/24 (c)		1,000			859,357
Glendale Industrial Development Authority, Royal Oaks Inspirata Pointe Project, Series A (RB) 5.00%, 05/15/26 (c)		1,340			1,103,854
Industrial Development Authority of the City of Phoenix, Basis Schools, Inc. Project, Series A (RB)
4.00%, 07/01/25		315			309,482
5.00%, 07/01/25 (c)		500			464,537
5.00%, 07/01/25 (c)		900			902,866
5.00%, 07/01/25 (c)		1,000			923,809

	Par (000’s		)	Value
Arizona (continued)
Industrial Development Authority of the City of Phoenix, Downtown Student Housing, Series A (RB) 5.00%, 07/01/28 (c)	$	750		$	755,036
Industrial Development Authority of the City of Phoenix, Legacy Traditional School Project (RB) 5.00%, 07/01/25 (c)		2,320			2,119,613
Industrial Development Authority of the City of Phoenix, Legacy Traditional School Project, Series A (RB) 5.00%, 07/01/26 (c)		750			739,225
Maricopa County Arizona Industrial Development Authority, Commercial Metals Company Project (RB) 4.00%, 01/01/26 (c)		5,830			4,839,632
Maricopa County Industrial Development Authority, Benjamin Franklin Charter School Projects, Series A (RB) 6.00%, 07/01/28 (c)		1,000			1,020,774
Maricopa County Industrial Development Authority, Legacy Traditional Schools Projects, Series A (RB) (SD CRED PROG)
5.00%, 07/01/29 (c)		1,400			1,427,382
5.00%, 07/01/29 (c)		1,300			1,330,729
Maricopa County Industrial Development Authority, Legacy Traditional Schools Projects, Series B (RB)
5.00%, 07/01/29 (c)		500			481,187
5.00%, 07/01/29 (c)		500			438,067
5.00%, 07/01/29 (c)		1,990			1,776,856
Maricopa County Industrial Development Authority, Paradise School Project (RB) 5.00%, 07/01/26 (c)		1,750			1,649,261
Peoria Industrial Development Authority, Sierra Winds Life Care Community Project, Series A (RB) 5.00%, 11/15/24 (d) *		255			233,464
Phoenix Arizona Industrial Development Authority, Falcon Properties LLC, Project, Series A (RB) 4.15%, 12/01/31 (c)		5,000			3,828,471
Phoenix Arizona Industrial Development Authority, Guam Facilities Foundation, Inc. Project (RB) 5.12%, 02/01/24 (c)		1,000			1,001,296

	Par (000’s		)	Value
Arizona (continued)
Phoenix Arizona Industrial Development Authority, Provident Group - Falcon Properties LLC, Project, Series A (RB) 4.00%, 12/01/31 (c)	$	1,000		$	781,114
Pima County Industrial Development Authority, American Leadership Academy Project (RB) 5.62%, 06/15/25 (c)		1,250			1,251,022
Pima County Industrial Development Authority, Edkey Charter Schools Project (RB)
5.25%, 07/01/26 (c)		250			249,763
5.38%, 07/01/26 (c)		250			237,704
5.50%, 07/01/26 (c)		250			237,602
Pima County, Industrial Development Authority, Edkey Charter School Project (RB) 5.00%, 07/01/26 (c)		1,000			1,009,047
Salt Verde Financial Corp. (RB)
5.00%, 12/01/37		9,605			9,964,241
5.25%, 12/01/24		305			309,206
5.25%, 12/01/25		265			271,565
5.25%, 12/01/27		215			224,864
5.25%, 12/01/28		245			258,908
Tempe Industrial Development Authority, Friendship Village of Tempe (RB) 5.00%, 12/01/26 (c)		355			289,579
Tempe Industrial Development Authority, Mirabella at ASU Project, Series A (RB)
6.00%, 10/01/27 (c)		1,200			851,023
6.12%, 10/01/27 (c)		600			366,158
					70,504,483
Arkansas: 0.9%
Arkansas Development Finance Authority, Big River Steel Project (RB)
4.50%, 09/01/26 (c)		20,570			18,461,949
4.75%, 09/01/27 (c)		5,000			4,665,380
Arkansas Development Finance Authority, Environmental Improvement, United States Steel Corporation Project (RB) 5.45%, 09/01/25 (c)		3,000			2,995,391
					26,122,720
California: 12.1%
Alameda Corridor Transportation Authority, Second Subordinate Lien, Series B (RB)
5.00%, 10/01/26 (c)		5,000			5,135,156
5.00%, 10/01/26 (c)		3,000			3,119,234
5.00%, 10/01/26 (c)		1,650			1,708,024

	Par (000’s		)	Value
California (continued)
5.00%, 10/01/26 (c)	$	2,230		$	2,299,798
Anaheim Community Facilities District No. 08-1 (ST)
4.00%, 09/01/23 (c)		615			574,098
4.00%, 09/01/23 (c)		420			380,414
4.00%, 09/01/23 (c)		160			158,552
Anaheim Public Financing Authority, Anaheim Public Improvement Project, Series A (RB) (BAM) 5.00%, 09/01/27 (c)		2,000			2,136,209
Antelope Valley Healthcare District, Series A (RB) 5.25%, 03/01/26 (c)		1,480			1,517,334
California Community Choice Financing Authority, Clean Energy Project, Series A-1 (RB) 5.00%, 08/01/29 (c) (p)		1,000			1,061,434
California Community Choice, Financing Authority Clean Energy Project, Series B-1 (RB) 4.00%, 08/01/31 (c) (p)		1,500			1,513,905
California Community College Financing Authority, Orange Coast College Project (RB) 5.25%, 05/01/28 (c)		1,695			1,711,295
California Community Housing Agency Senior Essential Housing, Series A-1 (RB) (AGM) 3.00%, 08/01/32 (c)		3,000			1,937,815
California Community Housing Agency, Essential Housing, Arbors, Series A (RB) 5.00%, 08/01/30 (c)		3,100			2,865,740
California Community Housing Agency, Essential Housing, Creekwood, Series A (RB) 4.00%, 08/01/31 (c)		11,735			9,060,609
California Community Housing Agency, Essential Housing, Glendale Properties, Series A-1 (RB) 4.00%, 08/01/31 (c)		8,150			6,640,765
California Community Housing Agency, Essential Housing, Glendale Properties, Series A-2 (RB) 3.00%, 08/01/31 (c)		4,000			2,666,217
California Community Housing Agency, Essential Housing, Glendale Properties, Series A-2 (RB) (AGM) 4.00%, 08/01/32 (c)		3,000			2,149,873

	Par (000’s		)	Value
California (continued)
California Community Housing Agency, Essential Housing, Mira Vista Hills Apartments, Series A (RB) 4.00%, 08/01/31 (c)	$	2,000		$	1,375,801
California Community Housing Agency, Essential Housing, Serenity at Larkspur, Series A (RB) 5.00%, 02/01/30 (c)		3,000			2,488,408
California Community Housing Agency, Essential Housing, Summit at Sausalito Apartments, Series A-2 (RB) 4.00%, 08/01/32 (c)		2,000			1,500,475
California Community Housing Agency, Series A-1 (RB) 4.00%, 08/01/31 (c)		4,500			3,715,685
California Community Housing Agency, Stoneridge Apartments, Series A (RB) 4.00%, 02/01/31 (c)		6,000			4,456,112
California County Tobacco Securitization Agency, Alameda County Tobacco Asset Securitization Corp. (RB) 5.88%, 05/30/23 (c)		15			15,232
California County Tobacco Securitization Agency, Golden Gate Tobacco, Series A (RB) 5.00%, 05/15/23 (c)		15			14,662
California County Tobacco Securitization Agency, Series A (RB) 4.00%, 06/01/30 (c)		1,170			1,085,782
California Health Facilities Financing Authority, Children’s Hospital, Series A (RB)
4.00%, 08/15/27 (c)		250			229,219
4.20%, 08/15/27 (c)		500			498,552
5.00%, 08/15/27 (c)		460			479,354
5.00%, 08/15/27 (c)		990			1,014,397
California Health Facilities Financing Authority, Sutter Health, Series A (RB) 5.00%, 11/15/27 (c)		590			608,636
California Housing Finance Agency, Series A (RB)
3.50%, 11/20/35		969			918,496
4.00%, 03/20/33		3,782			3,777,085
California Infrastructure & Economic Development Bank, California Science Center Phase III Project, Series A (RB) 4.00%, 11/01/31 (c)		2,300			2,084,320

	Par (000’s		)	Value
California (continued)
California Infrastructure & Economic Development Bank, California State Teachers Retirement System (RB) 5.00%, 08/01/29 (c)	$	1,085		$	1,234,083
California Infrastructure & Economic Development Bank, Charter School Portfolio Project, Series A-1 (RB) 5.00%, 07/01/30 (c)		1,000			772,333
California Infrastructure & Economic Development Bank, Wonderful Foundations Charter School Portfolio Project, Series A-1 (RB) 5.00%, 01/01/31 (c)		2,500			1,923,082
California Municipal Finance Authority, Azusa Pacific University Project, Series B (RB) (NATL) 5.00%, 04/01/25 (c)		1,910			1,787,502
California Municipal Finance Authority, California Baptist University, Series A (RB)
5.50%, 11/01/25 (c)		500			504,284
6.12%, 11/01/23 (c)		1,000			1,011,244
California Municipal Finance Authority, Charter School Santa Rosa Academy Project, (RB) 5.00%, 07/01/32 (c)		1,000			886,463
California Municipal Finance Authority, CHF-Davis I, LLC - West Village Student Housing Project (RB) 5.00%, 11/15/28 (c)		500			518,318
California Municipal Finance Authority, CHF-Davis I, LLC - West Village Student Housing Project (RB) (BAM) 4.00%, 11/15/28 (c)		150			143,205
California Municipal Finance Authority, CHF-Davis II, LLC - Orchard Park Student Housing Project (RB) (BAM)
3.00%, 05/15/31 (c)		3,650			2,834,793
4.00%, 05/15/31 (c)		5,000			4,714,271
California Municipal Finance Authority, CHF-Davis II, LLC - Orchard Park Student Housing Project, Series A (RB) (BAM) 4.00%, 05/15/31 (c)		1,500			1,462,695
California Municipal Finance Authority, Community Medical Centers, Series A (RB) 4.00%, 02/01/27 (c)		1,165			1,121,475

	Par (000’s		)	Value
California (continued)
California Municipal Finance Authority, Eisenhower Medical Center, Series A (RB)
5.00%, 07/01/27 (c)	$	250		$	265,422
5.00%, 07/01/27 (c)		200			212,367
California Municipal Finance Authority, John Adams Academies Lincoln Project, Series A (RB)
5.00%, 10/01/27 (c)		500			444,708
5.00%, 10/01/27 (c)		500			483,668
5.00%, 10/01/27 (c)		500			456,295
California Municipal Finance Authority, Julian Charter School Project, Series A (RB) 5.62%, 03/01/25 (c)		2,390			2,231,975
California Municipal Finance Authority, LINXS APM Project, Series A (RB)
5.00%, 06/30/28 (c)		500			533,060
5.00%, 06/30/28		65			69,292
5.00%, 06/30/28 (c)		600			639,633
5.00%, 06/30/28 (c)		2,490			2,538,616
California Municipal Finance Authority, LINXS APM Project, Series A (RB) (AGM)
3.00%, 06/30/28 (c)		1,950			1,877,924
5.00%, 06/30/28 (c)		700			736,079
5.00%, 06/30/28 (c)		1,000			1,034,386
5.00%, 06/30/28 (c)		1,035			1,102,268
California Municipal Finance Authority, Northbay Healthcare Group, Series A (RB) 5.25%, 11/01/26 (c)		230			227,062
California Municipal Finance Authority, Palmdale Aerospace Academy, Series A (RB)
5.00%, 07/01/26 (c)		500			468,744
5.00%, 07/01/28 (c)		1,000			894,126
5.00%, 07/01/28 (c)		130			124,456
California Municipal Finance Authority, Social Bonds - Healthright 360, Series A (RB) 5.00%, 11/01/29 (c)		2,000			1,949,920
California Municipal Finance Authority, UCR Dundee-Glasgow Student Housing Project (RB) (BAM) 4.00%, 11/15/28 (c)		250			238,676
California Municipal Finance Authority, United Airlines, Inc., International Airport Project (RB) 4.00%, 07/15/29		19,000			18,529,915

	Par (000’s		)	Value
California (continued)
California Pollution Control Financing Authority, Poseidon Resources LP Desalination Project (RB) (ACA) 5.00%, 07/01/23 (c)	$	1,500		$	1,500,589
California Pollution Control Financing Authority, Solid Waste Disposal, CalPlant I Project (RB)
7.00%, 07/01/22 (d) *		1,000			50,000
7.50%, 12/01/29 (c) (d) *		7,000			350,000
7.50%, 05/30/23 (c) (d) *		10,500			525,000
8.00%, 07/01/27 (c) (d) *		6,635			331,750
California Pollution Control Financing Authority, Solid Waste Disposal, CalPlant I Project (RB) (SAW) 7.50%, 07/01/32 (d) *		1,000			130,000
California Pollution Control Financing Authority, Water Furnishing Poseidon Resources (Channelside) LP Desalination Project (RB)
5.00%, 07/01/23 (c)		2,500			2,499,865
5.00%, 07/01/33 (c)		1,000			1,046,183
5.00%, 07/01/33 (c)		1,000			1,042,023
California Public Finance Authority, Enso Village Project, Series A (RB) 5.00%, 06/01/27 (c)		400			361,568
California Public Finance Authority, Enso Village Project, Series B (RB) 3.12%, 11/15/23 (c)		1,000			924,010
California Public Finance Authority, NCCD-Claremont Properties LLC, Series A (RB)
5.00%, 07/01/27 (c)		300			289,957
5.00%, 07/01/27 (c)		1,000			964,814
5.00%, 07/01/27		110			106,787
5.00%, 07/01/27 (c)		485			469,446
California School Finance Authority, Charter School Facility, Grimmway School, Series A (RB) 5.00%, 07/01/26 (c)		2,000			2,013,816
California School Finance Authority, Charter School, John Adams Academies, Series A (RB) 5.00%, 07/01/30 (c)		1,000			897,048
California School Finance Authority, Hawking Steam Charter School Project (RB) 5.50%, 07/01/29 (c)		1,000			982,554
California School Finance Authority, NCCD-Santa Rosa Properties LLC, Series A (RB) 4.00%, 11/01/31 (c)		2,700			1,999,025

	Par (000’s		)	Value
California (continued)
4.00%, 11/01/31 (c)	$	1,000		$	756,154
California School Finance Authority, River Springs Charter School Project, Series A (RB)
5.00%, 07/01/27 (c)		1,000			873,196
6.38%, 07/01/25 (c)		4,425			4,767,599
California School Finance Authority, Rocketship Education, Series A (RB)
5.12%, 06/01/26 (c)		250			231,592
5.25%, 06/01/26 (c)		250			232,762
California Statewide Communities Development Authority, Baptist University, Series A (RB)
3.50%, 11/01/27		1,500			1,436,592
5.00%, 11/01/27 (c)		1,000			995,222
6.38%, 11/01/23 (c)		1,000			1,008,526
California Statewide Communities Development Authority, College Housing (RB) 5.25%, 07/01/29 (c)		250			228,143
California Statewide Communities Development Authority, Daughters of Charity Health System, Series A (RB)
5.50%, 05/30/23 (c)		32			29,679
5.75%, 05/30/23 (c)		6			5,678
California Statewide Communities Development Authority, Daughters of Charity Health System, Series H (RB) 5.75%, 05/30/23 (c)		1			833
California Statewide Communities Development Authority, Irvine East Campus Armaments, CHF-Irvine, LLC (RB)
5.00%, 05/15/26 (c)		545			558,704
5.00%, 05/15/26 (c)		385			397,557
California Statewide Communities Development Authority, John Muir Health, Series A (RB) 5.00%, 12/01/27 (c)		2,305			2,380,023
California Statewide Communities Development Authority, Lancer Educational Student Housing Project, Series A (RB) 5.00%, 06/01/29 (c)		435			423,730
California Statewide Communities Development Authority, Lancer Plaza Project (RB) 5.62%, 11/01/23 (c)		75			75,227

	Par (000’s		)	Value
California (continued)
California Statewide Communities Development Authority, Loma Linda University Medical Center, Series A (RB)
5.00%, 06/01/26 (c)	$	1,595		$	1,614,916
5.00%, 06/01/26 (c)		12,445			12,402,897
5.00%, 06/01/26 (c)		350			361,077
5.25%, 12/01/24 (c)		5,300			5,307,789
5.25%, 12/01/24 (c)		1,740			1,777,023
5.25%, 06/01/26 (c)		10,000			9,588,332
5.25%, 06/01/28 (c)		1,000			972,927
5.50%, 12/01/24 (c)		20,180			20,147,647
5.50%, 06/01/28 (c)		7,500			7,464,277
California Statewide Communities Development Authority, Methodist Hospital of Southern California (RB) 5.00%, 01/01/28 (c)		2,000			2,123,587
California Statewide Communities Development Authority, Provident Group Pomona Properties LLC, Series A (RB)
5.00%, 06/01/26 (c)		3,230			3,093,175
5.75%, 05/30/23 (c)		125			124,996
California Statewide Communities Development Authority, University of California, Irvine East Campus Apartments (RB) 3.50%, 05/15/26 (c)		615			570,942
California Statewide Communities Development Authority, University of California, Irvine East Campus Apartments, Phase IV-A (RB) 5.00%, 05/15/27 (c)		3,170			3,194,442
California Statewide Financing Authority, Pooled Tobacco Securitization Program, Series B (RB) 6.00%, 05/30/23 (c)		3,175			3,226,723
California Statewide Financing Authority, Pooled Tobacco Securitization Program, Series C (RB) 6.00%, 05/30/23 (c)		900			914,659
City of Fontana, Community Facilities District No. 90 (ST) 4.00%, 09/01/28 (c)		500			432,600
City of Fremont, Community Facilities District No. 1 (ST) 5.00%, 09/01/25 (c)		250			253,827
City of Irvine, Community Facilities District No. 2013-3 (ST)
4.00%, 09/01/23 (c)		250			251,555
4.00%, 09/01/23 (c)		230			232,396

	Par (000’s		)	Value
California (continued)
4.00%, 09/01/23 (c)	$	250		$	252,215
City of Irvine, Reassessment District No. 15-2 (SA) 5.00%, 09/02/25 (c)		750			760,634
City of Oroville Hospital (RB) 5.25%, 04/01/29 (c)		2,500			2,148,348
City of Rancho Cordova, Sunridge Anatolia community Facilities District No. 2003-1 (ST) 4.00%, 09/01/26 (c)		180			175,094
City of Rocklin, Community Facilities District No. 10 (ST) 5.00%, 09/01/25 (c)		810			825,453
City of Roseville, Fiddyment Ranch Community Facilities District No. 1 (ST)
3.75%, 09/01/27 (c)		500			477,272
5.00%, 09/01/27 (c)		155			163,507
City of Roseville, Fiddyment Ranch Community Facilities District No. 5 (ST) 5.00%, 09/01/27 (c)		3,450			3,513,699
City of Roseville, Westpark Community Facility District No. 1 (ST) 5.00%, 09/01/25 (c)		200			204,641
City of San Clemente, Facilities District No. 2006-1 (ST) 5.00%, 09/01/25 (c)		1,045			1,060,997
CMFA Special Finance Agency I, Essential Housing, Series A-2 (RB) 4.00%, 04/01/31 (c)		2,000			1,430,711
CMFA Special Finance Agency VII Essential Housing, The Breakwater Apartments, Series A-1 (RB) 3.00%, 08/01/31 (c)		3,000			1,999,663
CMFA Special Finance Agency VII, Essential Housing, Series A-2 (RB) 4.00%, 08/01/31 (c)		1,985			1,531,394
CMFA Special Finance Agency VIII, Essential Housing, Series A-1 (RB) 3.00%, 08/01/31 (c)		6,650			4,408,925
CMFA Special Finance Agency XII, Essential Housing, Series A-2 (RB) 4.38%, 02/01/32 (c)		1,000			786,474
CMFA Special Finance Agency, Essential Housing, Series A-1 (RB) 4.00%, 02/01/32 (c)		2,500			2,061,692
Compton Public Finance Authority (RB)
4.00%, 09/01/24 (c)		1,000			982,403
4.50%, 09/01/24 (c)		1,585			1,551,811

	Par (000’s		)	Value
California (continued)
County of Los Angeles Community Facilities District No 2021-01 (ST) 5.00%, 09/01/29 (c)	$	1,000		$	1,016,029
CSCDA Community Improvement Authority Essential Housing, Acacia on Santa Rosa Creek, Series A (RB) (NATL) 4.00%, 10/01/31 (c)		1,000			813,415
CSCDA Community Improvement Authority, Atlanta-Glendale, Series A-1 (RB) 3.50%, 10/01/31 (c)		1,000			754,623
CSCDA Community Improvement Authority, Atlanta-Glendale, Series A-2 (RB) 4.00%, 10/01/31 (c)		7,750			5,782,486
CSCDA Community Improvement Authority, City Anaheim, Series A (RB) 5.00%, 01/01/31 (c)		3,000			2,469,612
CSCDA Community Improvement Authority, City of Orange Portfolio, Series A-2 (RB) 3.00%, 12/01/31 (c)		2,000			1,335,368
CSCDA Community Improvement Authority, Essential Housing Mezzanine Lien, Series B (RB)
4.00%, 04/01/32 (c)		1,000			695,176
4.00%, 05/01/32 (c)		1,500			1,047,320
CSCDA Community Improvement Authority, Essential Housing, The Link Glendale, Series A-1 (RB) 3.00%, 07/01/31 (c)		1,000			734,922
CSCDA Community Improvement Authority, Essential Housing, Westgate Phase, Series A-2 (RB) 3.12%, 06/01/31 (c)		3,000			1,975,830
CSCDA Community Improvement Authority, Link-Glendale, Series A-2 (RB) 4.00%, 07/01/31 (c)		5,350			3,829,234
CSCDA Community Improvement Authority, Millennium South Bay-Hawthorne, Series A-1 (RB) 3.25%, 07/01/32 (c)		2,000			1,353,483
CSCDA Community Improvement Authority, Monterey Station Apartments, Series A-1 (RB) 3.00%, 07/01/32 (c)		2,500			1,893,085

	Par (000’s		)	Value
California (continued)
CSCDA Community Improvement Authority, Parallel-Anaheim, Series A (RB) 4.00%, 08/01/31 (c)	$	2,000		$	1,502,591
CSCDA Community Improvement Authority, Park Crossing Apartments, Series B (RB) 4.00%, 06/01/32 (c)		1,000			736,960
CSCDA Community Improvement Authority, Pasadena Portfolio, Series B (RB) 4.00%, 12/01/31 (c)		1,000			722,491
CSCDA Community Improvement Authority, Vineyard Gardens Apartments, Series B (RB) 4.00%, 04/01/32 (c)		500			361,663
CSCDA Community Improvement Authority, Wood Creek Apartments, Series A-2 (RB) 4.00%, 06/01/32 (c)		2,000			1,498,718
Dublin Community Facilities District No 2015-1 (ST)
5.00%, 09/01/26 (c)		500			510,873
5.00%, 09/01/26 (c)		500			507,151
5.00%, 09/01/26 (c)		500			519,740
5.00%, 09/01/27 (c)		1,150			1,194,066
5.00%, 09/01/27 (c)		485			494,337
Folsom Ranch Financing Authority (ST)
5.00%, 09/01/27 (c)		1,100			1,155,625
5.00%, 09/01/27 (c)		2,000			2,050,252
Foothill/Eastern Transportation Corridor Agency, Toll Road Revenue, Series B-1 (RB) 3.95%, 07/15/27 (c)		100			90,873
Foothill/Eastern Transportation Corridor Agency, Toll Road Revenue, Series B-2 (RB) 3.50%, 07/15/29 (c)		475			396,175
Golden State Tobacco Securitization Corp., California Tobacco Settlement, Series A-1 (RB) 5.00%, 12/01/31 (c)		2,000			2,095,058
Golden State Tobacco Securitization Corp., California Tobacco Settlement, Series B-2 (RB) 0.00%, 12/01/31 (c) ^		51,000			5,656,818
Independent Cities Finance Authority, Mobil Home Park, Series A (RB) 3.75%, 10/15/26 (c)		250			197,468

	Par (000’s		)	Value
California (continued)
Lake Elsinore Public Financing Authority, Local Agency (ST) 5.00%, 09/01/25 (c)	$	405		$	413,272
Lammersville Joint Unified School District, Mountain House School Facilities (ST) 5.00%, 09/01/25 (c)		1,000			1,023,543
Lincoln Public Financing Authority, Twelve Bridges, Series B (SA) 6.00%, 05/30/23 (c)		37			37,070
MSR Energy Authority, Series A (RB)
6.12%, 11/01/29		455			489,721
6.50%, 11/01/39		6,200			7,274,582
Orange County Community Facilities District No. 1, Series A (ST)
4.25%, 08/15/25 (c)		975			975,719
5.25%, 08/15/25 (c)		455			463,511
Palm Desert California Improvement, Section 29 Assessment District No. 2004-02 (SA) 4.00%, 09/02/28 (c)		1,200			1,149,812
Palomar Health (RB) 5.00%, 11/01/26 (c)		250			261,895
Palomar Pomerado Health, Series A (GO) (NATL) 0.00%, 08/01/25 ^		125			115,605
Perris Union High School District Financing Authority (ST) 5.00%, 03/01/25 (c)		1,000			1,011,648
Poway Unified School District Public Financing Authority, Series A (ST) 5.00%, 09/01/25 (c)		750			774,115
River Islands Public Financing Authority, Community Facilities District No. 2003-1, Series A-1 (ST) 5.00%, 09/01/26 (c)		500			508,830
Romoland School District No. 2004-1 (ST) 5.00%, 09/01/25 (c)		500			506,332
Roseville California Special Tax, The Ranch at Sierra Vista (ST) (AGM) 4.00%, 09/01/27 (c)		1,000			864,582
Sacramento County, Community Facilities District No. 2005-2 (ST)
5.00%, 09/01/26 (c)		495			502,424
5.00%, 09/01/26 (c)		345			351,971
San Diego County Regional Airport Authority, Series A (RB) 5.00%, 07/01/31 (c)		745			799,611

	Par (000’s		)	Value
California (continued)
San Diego County, California Regional Airport, Series A (RB) 4.00%, 07/01/31 (c)	$	1,050		$	1,036,365
San Francisco California City & County Airport Commission International Airport, SFO Fuel Company LLC, Series A (RB) 5.00%, 01/01/29 (c)		1,475			1,525,272
San Francisco City & County, International Airport, Series A (RB) (BAM-TCRS) 5.00%, 05/01/24 (c)		4,750			4,771,525
San Jacinto Unified School District Financing Authority (ST) 5.00%, 09/01/26 (c)		300			306,595
San Joaquin Hills Transportation Corridor Agency, Junior Lien Toll Road, Series A (RB) 5.00%, 01/15/25 (c)		500			518,990
San Joaquin Hills Transportation Corridor Agency, Junior Lien Toll Road, Series B (RB) 5.25%, 01/15/25 (c)		200			203,158
San Joaquin Hills Transportation Corridor Agency, Senior Lien Toll Road, Series A (RB) 4.00%, 01/15/32 (c)		2,000			1,879,595
San Joaquin Hills Transportation Corridor Agency, Toll Road, Series A (RB) (NATL)
0.00%, 01/15/25 ^		1,000			939,509
0.00%, 01/15/32 ^		145			103,925
0.00%, 01/15/36 ^		105			61,600
Saugus Hart School Facilities Financing Authority, Community Facilities District No. 2006-1 (ST) 5.00%, 03/01/26 (c)		500			507,502
Thousand Oaks, California Community Facilities, District No. 1994-1 (ST) 5.38%, 09/01/23 (c)		1,035			1,041,613
Tobacco Securitization Authority of Northern California (RB) 4.00%, 12/01/30 (c)		4,500			4,124,133
Tobacco Securitization Authority of Northern California, Sacramento County Tobacco Settlement, Series B-2 (RB) 0.00%, 12/01/30 (c) ^		20,000			3,382,952

	Par (000’s		)	Value
California (continued)
Tobacco Securitization Authority of Southern California, Series A (RB) 5.00%, 12/01/29 (c)	$	1,495		$	1,549,155
Tobacco Securitization Authority of Southern California, Series B (RB) 4.00%, 12/01/30 (c)		1,205			1,181,694
Tustin Community Facilities District, Series A (ST)
5.00%, 09/01/25 (c)		100			101,093
5.00%, 09/01/25 (c)		100			101,509
Val Verde Unified School District (ST) 5.00%, 03/01/25 (c)		750			762,998
Western Hills Water District, Diablo Grande Community Facilities District No. 1 (ST)
4.00%, 09/01/21 (d) *		850			280,500
5.30%, 09/01/23 (c) (d) *		530			174,900
William S. Hart Union High School District No. 2015-1 (ST) 5.00%, 09/01/26 (c)		445			453,414
					340,071,082
Colorado: 3.0%
Arista Metropolitan District in the City and County of Broomfield, Series A (GO) 5.00%, 12/01/23 (c)		500			487,589
Arkansas River Power Authority, Power Supply System, Series A (RB) 5.00%, 10/01/28 (c)		2,010			2,016,557
Base Village Metropolitan District No. 2, Series A (GO) 5.75%, 05/30/23 (c)		1,000			1,002,738
Brighton Crossing Metropolitan District No. 6, Series A (GO)
5.00%, 12/01/25 (c)		500			456,251
5.00%, 12/01/25 (c)		500			477,928
Broadway Station Metropolitan District No. 3, Series A (GO) 5.00%, 06/01/24 (c)		1,425			1,107,311
Centerra Metropolitan District No 1 in Larimer County, Colorado, Series A (GO) 5.00%, 12/01/25 (c)		1,000			868,941
Centerra Metropolitan District No. 1 (TA)
5.00%, 05/30/23 (c)		500			493,475
5.00%, 05/30/23 (c)		500			453,766
5.00%, 05/30/23 (c)		500			475,408
City and County of Denver, United Airlines, Inc. Project (RB) 5.00%, 10/01/23 (c)		10,195			10,206,163

	Par (000’s		)	Value
Colorado (continued)
City of Fruita, Colorado Healthcare Canyons Hospital and Medical Center, Series B (RB) 5.50%, 01/01/28 (c)	$	2,250		$	2,034,517
Clear Creek Transit Metropolitan District No. 2, Colorado, Series A (GO) 5.00%, 12/01/26 (c)		1,000			867,031
Colorado Bridge Enterprise, Central 70 Project (RB) 4.00%, 12/31/27 (c)		2,700			2,415,944
Colorado Crossing Metropolitan District No. 2, Series A-2 (GO) 5.00%, 12/01/25 (c)		3,000			2,619,580
Colorado Educational and Cultural Facilities Authority, Loveland Classical Schools Project, Thompson School District R2-J (RB) 5.00%, 07/01/26 (c)		1,000			896,215
Colorado Educational and Cultural Facilities Authority, Rocky Mountain Classical Academy Project (RB) 5.00%, 10/01/27 (c)		500			458,860
Colorado Health Facilities Authority, CommonSpirit Health, Series A-1 (RB) 4.00%, 08/01/29 (c)		510			499,511
Colorado Health Facilities Authority, CommonSpirit Health, Series A-2 (RB)
3.25%, 08/01/29 (c)		5			3,635
4.00%, 08/01/29 (c)		4,735			4,294,470
5.00%, 08/01/29 (c)		2,000			2,066,009
Colorado Health Facilities Authority, Covenant Retirement Communities, Inc., Series A (RB) 5.00%, 06/01/25 (c)		1,000			1,010,895
Colorado Health Facilities Authority, Senior Living Second Tier, American Eagle Portfolio Project Series B-1 (RB) 2.00%, 07/01/32 (c)		536			134,040
Colorado High Performance Transportation Enterprise, C-470 Express Lanes (RB)
5.00%, 12/31/24 (c)		3,250			3,172,152
5.00%, 12/31/24 (c)		350			344,578
Creekwalk Marketplace Business Improvement District, Series A (RB)
5.50%, 12/01/26 (c)		500			446,685
5.75%, 12/01/26 (c)		500			436,914

	Par (000’s		)	Value
Colorado (continued)
Crowfoot Valley Ranch Metropolitan District No. 2, Series A (GO) 5.62%, 12/01/23 (c)	$	1,000		$	1,002,972
Fountain Urban Renewal Authority, South Academy Highlands Project, Series A (TA)
4.50%, 11/01/25 (c)		820			768,883
5.25%, 11/01/25 (c)		2,345			2,259,736
5.50%, 11/01/25 (c)		1,865			1,781,333
Green Valley Ranch East Metropolitan District No. 6, Series A (GO) 5.88%, 09/01/25 (c)		1,000			963,380
Jefferson Center Metropolitan District No. 1, Series A-2 (RB) 4.38%, 12/01/23 (c)		1,000			816,678
Kinston Metropolitan District No. 5, Series A (GO) 5.12%, 12/01/25 (c)		1,000			801,990
Painted Prairie Public Improvement Authority (RB) 5.00%, 12/01/24 (c)		1,000			961,000
Peak Metropolitan District No. 1, El Paco County, Series A (GO) 4.00%, 03/01/26 (c)		540			460,517
Prairie Center Metropolitan District No. 3, Adams County, Series A (RB) 5.00%, 12/15/26 (c)		4,000			3,945,899
Public Authority for Colorado Energy Natural Gas (RB) 6.50%, 11/15/38		2,000			2,397,831
Puerto Rico Sales Tax Financing Corp., Series A-2 (RB) 3.62%, 06/01/26 (c)		981			722,872
Rampart Range Metropolitan District No. 5, Colorado Limited Tax Supported and Special Bonds (RB) 4.00%, 10/01/26 (c)		5,750			4,042,138
Regional Transportation District, Denver Transit Partners Eagle P3 Project, Series A (RB) 4.00%, 07/15/39		1,500			1,425,847
Regional Transportation District, Denver Transit Partners Eagle P3 Project, Series B (RB) 4.00%, 07/15/40		1,615			1,517,089
Rocky Mountain Rail Park Metropolitan District, Series A (GO)
5.00%, 03/01/26 (c)		2,000			1,152,260
5.00%, 03/01/26 (c)		1,000			671,191

	Par (000’s		)	Value
Colorado (continued)
Southglenn Metropolitan District (GO) 5.00%, 05/30/23 (c)	$	1,000		$	936,843
Southlands Metropolitan District No. 1, Series A-1 (GO) 5.00%, 12/01/27 (c)		1,200			1,127,471
Sterling Ranch Community Authority Board, Colorado Limited Tax, Series A (RB) 4.25%, 12/01/25 (c)		1,000			786,783
Transport Metropolitan District No. 3 (GO)
5.00%, 03/01/26 (c)		4,000			3,220,670
5.00%, 03/01/26 (c)		4,200			3,767,859
Tree Farm Metropolitan District, Eagle County, Colorado (GO) 4.75%, 12/01/26 (c)		2,000			1,712,647
Velocity Metropolitan District No. 3 (GO)
5.12%, 12/01/23 (c)		500			498,036
5.38%, 12/01/23 (c)		1,500			1,494,656
Verve Metropolitan District No. 1 (GO) 5.00%, 03/01/26 (c)		1,025			1,011,052
Windler Public Improvement Authority, Series A-1 (RB) (BAM)
4.00%, 09/01/26 (c)		1,000			760,113
4.00%, 09/01/26 (c)		1,000			693,148
4.12%, 09/01/26 (c)		2,980			1,820,743
					83,268,800
Connecticut: 0.6%
Bridgeport Housing Authority, Energy Performance Equipment (RB) 5.60%, 05/09/23 (c)		630			612,485
Connecticut State Health and Educational Facilities Authority, Church Home of Harford, Series A (RB)
5.00%, 09/01/26 (c)		1,200			969,461
5.00%, 09/01/26 (c)		3,500			2,943,617
Connecticut State Health and Educational Facilities Authority, Griffin Hospital, Series G (RB)
5.00%, 07/01/29 (c)		2,630			2,475,646
5.00%, 07/01/29 (c)		1,100			1,057,023
Connecticut State Health and Educational Facilities Authority, Mary Wade Home Issue, Series A-1 (RB) 5.00%, 10/01/24 (c)		8,000			6,234,332
Connecticut State Health and Educational Facilities Authority, McLean Issue, Series A (RB) 5.00%, 01/01/26 (c)		2,000			1,715,275

	Par (000’s		)	Value
Connecticut (continued)
Connecticut State Health and Educational Facilities Authority, Nuvance Health Issue, Series A (RB)
4.00%, 07/01/29 (c)	$	500		$	461,639
5.00%, 07/01/29 (c)		1,000			1,031,228
Connecticut State Health and Educational Facilities Authority, University of Hartford, Series N (RB) 4.00%, 07/01/29 (c)		250			205,635
Connecticut State Health and Educational Facilities Authority, University of Hartford, Series N (RB) (SD CRED PROG) 4.00%, 07/01/29 (c)		250			196,411
					17,902,752
Delaware: 0.2%
County of Kent, Delaware Student Housing and Dinning Facility, State University Project, Series A (RB) 5.00%, 01/01/28 (c)		1,450			1,344,286
Delaware Economic Development Authority, Aspira Chapter School, Series A (RB)
4.00%, 06/01/32 (c)		915			676,650
5.00%, 06/01/26 (c)		1,000			914,299
5.00%, 06/01/26 (c)		250			246,920
Delaware State Economic Development Authority (RB) 5.00%, 06/01/26 (c)		1,100			982,870
					4,165,025
District of Columbia: 0.7%
District of Columbia, Federal Highway Grant Anticipation (RB) (SAW) 5.00%, 12/01/29 (c)		1,225			1,402,972
District of Columbia, Ingleside at Rock Creek Project, Series A (RB)
5.00%, 07/01/24 (c)		250			243,532
5.00%, 07/01/24 (c)		1,180			1,046,581
District of Columbia, Latin American Montessori Bilingual Public Charter School Issue (RB)
5.00%, 06/01/30 (c)		2,500			2,285,564
5.00%, 06/01/30 (c)		500			482,169
Metropolitan Washington Airports Authority, Dulles Toll Road, Series A (RB) 0.00%, 10/01/37 ^		11,325			5,888,804
Metropolitan Washington Airports Authority, Dulles Toll Road, Series B (RB) 0.00%, 10/01/37 ^		2,020			1,103,087

	Par (000’s		)	Value
District of Columbia (continued)
4.00%, 10/01/29 (c)	$	250		$	253,545
4.00%, 10/01/29 (c)		7,315			7,060,363
6.50%, 10/01/28 (c)		245			278,638
					20,045,255
Florida: 4.7%
Alachua County, Health Facilities Authority, Shands Teaching Hospital and Clinics, Inc., at the University of Florida Project, Series B (RB) 5.00%, 12/01/24 (c)		1,055			1,071,660
Alachua County, Health Facilities Authority, Shands Teaching Hospital and Clinics, Inc., Series A (RB) 4.00%, 12/01/29 (c)		1,000			898,627
Brevard County, Florida Health Facilities Authority, Series A (RB) 5.00%, 04/01/32 (c)		1,000			1,046,291
Broward County Florida Port Facilities, Series B (RB) 4.00%, 09/01/29 (c)		2,150			2,123,041
Cape Coral Health Facilities Authority, Gulf Care, Inc. Project (RB) 6.00%, 07/01/25 (c)		295			204,737
Capital Trust Agency, Education Growth Fund, Series A-1 (RB) 5.00%, 07/01/31 (c)		7,200			6,563,632
Capital Trust Agency, Educational Facilities, Franklin Academy Projects (RB) 5.00%, 07/15/26 (c)		1,335			1,291,252
Capital Trust Agency, Educational Facilities, Franklin Academy Projects (RB) (SD CRED PROG) 5.00%, 07/15/26 (c)		500			459,290
Capital Trust Agency, Educational Facilities, Pineapple Cove Classical Academy, Inc., Series A (RB)
4.50%, 01/01/29 (c)		500			486,847
5.12%, 01/01/29 (c)		500			479,537
5.25%, 01/01/29 (c)		500			464,435
5.38%, 01/01/29 (c)		500			467,445
Capital Trust Agency, Educational Facilities, Renaissance Charter School, Inc., Series A (RB)
4.38%, 06/15/27		260			254,856
5.25%, 06/15/27 (c)		500			475,063
Capital Trust Agency, University Bridge, LLC Student Housing Project, Series A (RB)
4.00%, 12/01/28		2,200			2,054,217
5.25%, 12/01/28 (c)		2,200			2,000,726
5.25%, 12/01/28 (c)		2,000			1,903,291

	Par (000’s		)	Value
Florida (continued)
Capital Trust Agency, Wonderful Foundations Charter Schools Portfolio Projects, Series A (RB) 5.00%, 07/01/30 (c)	$	2,250		$	1,709,513
City of Orlando, Senior Tourist Development Tax, Series A (RB) (AGM) 5.00%, 11/01/27 (c)		3,000			3,271,574
City of Orlando, Tourist Development Tax, Series A (RB) (AGM)
5.00%, 11/01/27		1,100			1,195,005
5.00%, 11/01/27 (c)		2,500			2,725,755
5.00%, 11/01/27 (c)		500			537,130
City of Tallahassee, Health Facilities Authority, Memorial Healthcare, Inc. Project (RB)
4.00%, 06/01/25 (c)		230			223,472
5.00%, 06/01/25 (c)		1,210			1,215,879
5.00%, 06/01/25 (c)		300			299,635
Clay County, Florida (RB) 4.00%, 10/01/29 (c)		1,100			1,087,591
Collier County Industrial Development Authority, Arlington of Naples Project, Series A (RB)
7.00%, 05/15/24 (d) *		590			330,400
8.12%, 05/15/24 (c) (d) *		460			257,600
County of Broward, Florida Airport System, Series A (RB) 5.00%, 10/01/25 (c)		2,135			2,200,708
County of Broward, Florida Port Facilities, Series A (RB) 5.00%, 09/01/29 (c)		1,645			1,721,616
County of Escambia, Health Facilities Authority, Baptist Health Care Corp., Series A (RB) (SAW) 5.00%, 02/15/30 (c)		1,000			1,074,290
Escambia County Health Facilities Authority, Baptist Health Care Corp. Obligated Group, Series A (RB) (SAW) 4.00%, 02/15/30 (c)		2,000			1,787,933
Florida Development Finance Corp., Central Charter School Project (RB) 5.88%, 08/01/32 (c)		1,000			956,239
Florida Development Finance Corp., Educational Facilities, Mater Academy Project, Series A (RB) 5.00%, 06/15/27 (c)		2,225			2,214,338
Florida Development Finance Corp., Glenridge on Palmer Ranch Project (RB) 5.00%, 06/01/28 (c)		425			393,650

	Par (000’s		)	Value
Florida (continued)
Florida Development Finance Corp., Mayflower Retirement Community Project, Series A (RB)
4.00%, 06/01/28 (c)	$	1,250		$	786,429
5.25%, 06/01/27 (c)		1,000			843,881
Florida Development Finance Corp., Renaissance Charter School, Inc. Project, Series A (RB)
5.75%, 06/15/24 (c)		1,000			1,012,895
6.00%, 06/15/25 (c)		500			505,100
6.12%, 06/15/25 (c)		685			687,028
Florida Development Finance Corp., UF Health Jacksonville Project, Series A (RB) 5.00%, 02/01/32 (c)		1,000			913,744
Florida Development Finance Corp., Virgin Trains USA Passenger Rail Project, Series A (RB)
6.38%, 01/01/26 (c) (p)		9,695			9,219,518
6.50%, 01/01/29 (c) (p)		9,750			9,201,603
Florida Development Finance Corp., Waste Pro USA, Inc. Project (RB) 3.00%, 06/01/24 (c)		1,500			1,160,708
FRERC Community Development District (SA) (AGM)
5.38%, 11/01/29 (c)		1,500			1,452,911
5.50%, 11/01/29 (c)		2,450			2,330,232
Hillsborough County Industrial Development Authority, Tampa General Hospital Project, Series A (RB)
3.50%, 02/01/31 (c)		1,500			1,176,413
4.00%, 02/01/31 (c)		6,500			6,099,772
Lake County, Florida Retirement Facility, Lakeside at Waterman Village Project, Series A (RB) 5.75%, 08/15/27 (c)		2,000			1,716,616
Lee County Industrial Development Authority, Community Charter Schools, LLC Projects, Series A (RB) 5.75%, 05/30/23 (c)		500			481,866
Lee County Industrial Development Authority, Cypress Cove at HealthPark Florida, Inc. Project, Series A (RB) 5.25%, 10/01/29 (c)		1,000			838,410
Miami Beach Florida Health Facilities Authority, Mount Sinai Medical Center (RB) 5.00%, 11/15/24 (c)		3,000			3,016,707

	Par (000’s		)	Value
Florida (continued)
Miami Beach Florida Health Facilities Authority, Mount Sinai Medical Center, Series B (RB) (AGM) 4.00%, 11/15/31 (c)	$	2,500		$	2,276,640
Miami Beach Health Facilities Authority, Mount Sinai Medical Center (RB) 5.00%, 11/15/24 (c)		1,880			1,893,202
Miami World Center Community Development District (SA)
5.12%, 11/01/27 (c)		750			751,108
5.25%, 11/01/27 (c)		250			246,738
Miami-Dade County Aviation, Series A (RB) (BAM-TCRS) 5.00%, 10/01/24 (c)		3,000			3,025,989
Miami-Dade County Industrial Development Authority (RB) 5.50%, 07/01/29 (c)		1,000			942,364
Miami-Dade County, Florida Expressway Authority Toll System, Series A (RB) 5.00%, 05/30/23 (c)		2,450			2,456,815
Miami-Date County, Florida Subordinate Special (RB) 5.00%, 10/01/26 (c)		1,360			1,448,056
Mid-Bay Bridge Authority, First Senior Lien, Series A (RB)
5.00%, 10/01/25 (c)		500			510,467
5.00%, 10/01/25 (c)		2,500			2,522,504
Mid-Bay Bridge Authority, Second Senior Lien, Series C (RB) 5.00%, 10/01/25 (c)		1,000			1,005,598
Midtown Miami Community Development District, Parking Garage Project, Series A (SA)
4.25%, 05/30/23 (c)		705			704,833
5.00%, 05/30/23 (c)		2,000			1,993,920
North Broward Hospital District, Series B (RB) 5.00%, 01/01/28 (c)		155			164,141
Northern Palm Beach County Improvement District, Unit of Development No. 2C (RB)
5.00%, 08/01/27 (c)		200			192,021
5.00%, 08/01/27 (c)		200			200,134
Osceola County, Florida Transportation Improvement, Refunding Bonds, Series A (RB)
0.00%, 10/01/29 (c) ^		2,905			1,118,420
0.00%, 10/01/29 (c) ^		1,250			512,519

	Par (000’s		)	Value
Florida (continued)
Palm Beach County Health Facilities Authority, Toby & Leon Cooperman Sinai Residences of Boca Raton Expansion, Series A (RB) 5.00%, 06/01/25 (c)	$	3,230		$	2,760,151
Palm Beach County, Palm Beach Atlantic University Housing Project, Series A (RB)
5.00%, 04/01/29 (c)		1,000			961,733
5.00%, 04/01/29 (c)		2,500			2,250,508
Palm Cost Park Community Development District (SA) 5.70%, 05/30/23 (c)		155			155,075
Polk Country Industrial Development Authority, Florida Industrial Development (RB) 5.88%, 01/01/33		5,000			5,045,388
Sawyer’s Landing Community Development District, Miami-Dade County, Florida (SA) 4.12%, 05/01/31 (c)		1,055			887,381
Seminole County Industrial Development Authority, Retirement Facility, Legacy Pointe at UCF Project, Series A (RB)
5.50%, 11/15/26 (c)		500			387,898
5.75%, 11/15/26 (c)		1,500			1,187,257
Seminole County Industrial Development Authority, Retirement Facility, Legacy Pointe at UCF Project, Series B-1 (RB) 4.25%, 05/30/23 (c)		2,600			2,403,071
Tallahassee Florida Health Facilities, Tallahassee Memorial Healthcare, Inc. Project, Series A (RB) 5.00%, 12/01/25 (c)		1,100			1,098,121
Village Community Development District No. 12 (SA)
3.25%, 05/01/26		195			192,360
3.62%, 05/01/26 (c)		1,000			965,901
4.25%, 05/01/28 (c)		920			834,562
Village Community Development District No. 13 (SA)
3.00%, 05/01/29		720			664,146
3.55%, 05/01/29 (c)		2,780			2,301,882
					130,952,011
Georgia: 1.3%
Augusta, Georgia Development Authority, AU Health System, Inc. Project (RB) 5.00%, 01/01/29 (c)		1,100			1,059,763

	Par (000’s		)	Value
Georgia (continued)
Burke County Development Authority, Series C (RB) (SAW) 4.12%, 02/01/28 (c)	$	6,525		$	5,975,213
Burke County Development Authority, Series D (RB) 4.12%, 02/01/28 (c)		2,000			1,831,483
Floyd County Development Authority, Spires at Berry College Project, Series A (RB) (SBG) 5.50%, 12/01/24 (c)		1,250			1,219,505
Gainesville and Hall County Development Authority, Educational Facilities, Riverside Military Academy, Inc. Project (RB) (BAM) 5.00%, 03/01/27 (c)		700			571,774
George L Smith II World Congress Center Authority, Series A (RB) 4.00%, 01/01/31 (c)		2,250			1,823,377
Georgia Local Government, Grantor Trust, Series A (CP) (NATL) 4.75%, 06/01/28		416			441,567
Glynn-Brunswick Memorial Hospital Authority, Southeast Georgia Health System Project (RB) 5.00%, 08/01/27 (c)		2,680			2,663,353
Macon-Bibb County Urban Development Authority, Academy for Classical Education, Inc., Series A (RB) 5.75%, 06/15/27 (c)		250			253,728
Main Street Natural Gas, Inc., Series C (RB) 4.00%, 11/01/27 (c) (p)		7,000			6,735,620
Marietta Development Authority, Life University, Inc. Project, Series A (RB)
5.00%, 11/01/27 (c)		1,000			899,672
5.00%, 11/01/27 (c)		5,000			4,805,543
Municipal Electric Authority of Georgia, Plant Vogtle Units 3 and 4, Series A (RB) 5.00%, 07/01/25 (c)		375			376,191
Municipal Electric Authority of Georgia, Series A (RB)
5.00%, 01/01/25 (c)		6,000			6,135,462
5.00%, 07/01/28 (c)		1,250			1,263,487
White County Development Authority, Truett McConnell University Project, Series A (RB)
5.12%, 10/01/26 (c)		500			446,048
5.25%, 10/01/26 (c)		500			425,457
					36,927,243

	Par (000’s		)	Value
Guam: 0.9%
Guam Government (GO) 5.00%, 05/15/29 (c)	$	1,165		$	1,219,152
Guam Government (RB)
4.00%, 01/01/31 (c)		1,000			975,032
5.00%, 12/01/26 (c)		2,290			2,363,509
Guam Government, Business Privilege Tax, Series D (RB)
4.00%, 11/15/25 (c)		600			537,997
5.00%, 11/15/25 (c)		1,085			1,085,735
5.00%, 11/15/25 (c)		1,100			1,110,719
5.00%, 11/15/25 (c)		1,040			1,054,741
5.00%, 11/15/25 (c)		5,805			5,906,516
Guam Government, Business Privilege Tax, Series F (RB) 4.00%, 01/01/31 (c)		7,000			6,304,963
Guam Government, Department of Education, John F. Kennedy High School Refunding and Energy Efficiency Project, Series A (CP)
4.25%, 02/01/30		500			502,770
5.00%, 02/01/30 (c)		500			504,236
Guam Government, Hotel Occupancy Tax, Series A (RB) 5.00%, 11/01/30		750			808,012
Guam Government, Limited Obligation, Series A (RB) 5.00%, 12/01/26 (c)		3,120			3,074,420
Guam Power Authority, Series A (RB) 5.00%, 10/01/27 (c)		500			513,715
					25,961,517
Hawaii: 0.4%
Hawaii State Department Budget and Finance Special Purpose Revenue, Series B (RB) 4.00%, 03/01/27 (c)		5,000			4,803,763
Kuakini, Hawaii Health System, Series A (RB) 6.38%, 05/30/23 (c)		1,775			1,635,048
State of Hawaii, Department of Budget and Finance, Series A (RB)
6.25%, 07/01/23 (c)		1,400			1,402,303
6.62%, 07/01/23 (c)		2,085			2,090,165
					9,931,279
Idaho: 0.1%
Idaho Health Facilities Authority, Madison Memorial Hospital Project (RB)
3.50%, 09/01/26 (c)		450			409,916
5.00%, 09/01/26 (c)		1,135			1,142,338
Idaho Health Facilities Authority, Terraces of Boise, Series A (RB) 3.80%, 10/01/28 (c)		100			84,922
					1,637,176

	Par (000’s		)	Value
Illinois: 10.8%
Board of Education of the City of Chicago, Series A (GO) (AMBAC) 5.50%, 12/01/31	$	1,285		$	1,412,769
Board of Education of the City of Chicago, Series C (GO) (AGM) 5.00%, 12/01/28 (c)		500			538,112
Board of Education of the City of Chicago, Series H (GO) 5.00%, 12/01/27 (c)		4,000			4,061,921
Chicago Board of Education, Series A (GO)
4.00%, 12/01/31 (c)		6,250			5,386,042
4.00%, 12/01/31 (c)		2,975			2,632,314
5.00%, 12/01/28 (c)		1,265			1,321,069
5.00%, 12/01/28 (c)		250			258,924
5.00%, 12/01/29		1,000			1,054,477
5.00%, 12/01/29 (c)		1,195			1,254,218
5.00%, 12/01/30 (c)		100			103,679
5.00%, 12/01/30 (c)		6,350			6,416,937
5.00%, 12/01/30 (c)		3,610			3,686,529
5.00%, 12/01/30 (c)		6,990			7,181,532
5.00%, 12/01/30 (c)		395			410,588
5.00%, 12/01/30 (c)		6,000			6,088,607
5.00%, 12/01/30 (c)		4,100			4,290,984
5.00%, 12/01/30 (c)		5,575			5,849,874
5.00%, 12/01/31 (c)		8,000			7,966,021
5.00%, 05/30/23 (c)		13,755			13,703,398
7.00%, 12/01/25 (c)		5,200			5,598,022
7.00%, 12/01/25 (c)		14,210			14,983,671
7.00%, 12/01/27 (c)		2,250			2,440,295
Chicago Board of Education, Series A (GO) (AGM) 5.00%, 12/01/28 (c)		250			267,059
Chicago Board of Education, Series A (GO) (AMBAC)
5.50%, 12/01/25		145			149,041
5.50%, 12/01/26		175			181,902
Chicago Board of Education, Series A (GO) (NATL)
0.00%, 12/01/27 ^		760			639,364
0.00%, 12/01/28 ^		390			315,398
0.00%, 12/01/30 ^		55			40,752
5.50%, 12/01/26		355			371,278
Chicago Board of Education, Series B (GO)
4.00%, 12/01/31 (c)		5,000			4,615,343
4.00%, 12/01/31 (c)		5,000			4,590,315
4.00%, 12/01/31 (c)		7,130			6,502,270
5.00%, 12/01/27		1,500			1,567,761
5.00%, 12/01/29 (c)		200			208,251
5.00%, 12/01/30 (c)		3,600			3,778,052
5.00%, 05/30/23 (c)		3,235			3,241,892
5.00%, 05/30/23 (c)		1,105			1,107,634
6.50%, 12/01/26 (c)		4,000			4,204,391

	Par (000’s		)	Value
Illinois (continued)
Chicago Board of Education, Series C (GO)
5.00%, 12/01/27	$	2,000		$	2,090,348
5.00%, 12/01/27 (c)		3,750			3,857,293
5.25%, 12/01/24 (c)		8,485			8,582,938
5.25%, 12/01/24 (c)		8,040			8,085,112
6.00%, 12/01/24 (c)		1,160			1,190,440
Chicago Board of Education, Series D (GO) (AGM)
5.00%, 12/01/23 (c)		5			4,927
5.00%, 12/01/28 (c)		2,500			2,479,374
Chicago Board of Education, Series E (GO) 5.12%, 12/01/24 (c)		2,415			2,441,215
Chicago Board of Education, Series G (GO)
5.00%, 12/01/27 (c)		4,960			5,101,913
5.00%, 12/01/27 (c)		3,000			2,984,197
Chicago Board of Education, Series H (GO) 5.00%, 12/01/27 (c)		7,080			7,021,588
Chicago Midway International Airport, Series A (RB) 5.00%, 01/01/24 (c)		2,500			2,523,944
Chicago Midway International Airport, Series A (RB) (AGM) 5.00%, 01/01/24 (c)		2,500			2,513,563
Chicago O’Hare International Airport (RB)
5.00%, 07/01/28 (c)		3,000			2,979,810
5.50%, 05/30/23 (c)		400			400,654
5.75%, 05/30/23 (c)		8,915			8,926,564
5.75%, 05/30/23 (c)		1,585			1,587,137
Chicago O’Hare International Airport, Series B (RB) 4.00%, 05/30/23 (c)		1,500			1,500,442
Chicago School Reform Board of Trustees, Series A (GO) (NATL)
0.00%, 12/01/25 ^		355			321,770
0.00%, 12/01/29 ^		1,460			1,131,256
Chicago School Reform Board of Trustees, Series B-1 (GO) (NATL)
0.00%, 12/01/24 ^		1,165			1,095,065
0.00%, 12/01/25 ^		1,650			1,495,549
0.00%, 12/01/26 ^		1,630			1,424,031
0.00%, 12/01/27 ^		1,030			866,506
0.00%, 12/01/28 ^		690			558,013
0.00%, 12/01/29 ^		645			499,767
0.00%, 12/01/31 ^		520			367,623
Chicago Transit Authority, Federal Transit Administration Section 5307 Urbanized Area Formula (RB) 5.00%, 06/01/26		100			105,140
City of Chicago, City Colleges (GO) (NATL) 0.00%, 01/01/28 ^		345			287,303

	Par (000’s		)	Value
Illinois (continued)
0.00%, 01/01/30 ^	$	420		$	321,852
0.00%, 01/01/33 ^		985			656,695
0.00%, 01/01/34 ^		760			482,258
City of Chicago, Neighborhoods Alive 21 Program, Series B (GO) 5.00%, 01/01/25		235			240,371
City of Chicago, Series A (GO)
5.00%, 01/01/27		200			209,661
5.00%, 01/01/27		1,000			1,048,307
5.00%, 01/01/31 (c)		3,000			3,243,574
5.00%, 01/01/31 (c)		3,000			3,232,946
5.25%, 01/01/24 (c)		1,810			1,819,988
5.50%, 01/01/29 (c)		1,000			1,042,326
6.00%, 01/01/27 (c)		5,000			5,325,073
City of Chicago, Series A (GO) (NATL) 0.00%, 01/01/29 ^		140			112,019
City of Chicago, Series A (GO) (SAW) 5.00%, 01/01/29		2,775			2,969,345
City of Chicago, Series B (GO) 5.25%, 01/01/25 (c)		2,195			2,243,260
City of Chicago, Series C (GO)
0.00%, 01/01/32 ^		195			135,186
5.00%, 01/01/24		10			10,086
5.00%, 01/01/25		1,760			1,800,223
5.00%, 01/01/26 (c)		250			257,200
5.00%, 01/01/26		380			393,772
City of Chicago, Series D (GO) 5.50%, 01/01/25 (c)		5,000			5,091,012
City of Chicago, Water Revenue, Second Lien (RB) (AMBAC) 5.75%, 11/01/30		990			1,074,635
City of Harvey, Series A (GO)
5.50%, 05/30/23 (c) (d) *		465			426,056
5.62%, 05/30/23 (c) (d) *		3,600			3,298,500
Cook County, Illinois, Series B (GO) 4.00%, 11/15/26		1,200			1,243,479
Illinois Finance Authority Student Housing and Academic Facility, CHF - Chicago, L.L.C. - University of Illinois at Chicago Project, Series A (RB) 5.00%, 08/15/27 (c)		4,125			3,947,716
Illinois Finance Authority, Acero Charter Schools, Inc. (RB) 4.00%, 10/01/31 (c)		1,000			786,956
Illinois Finance Authority, Admiral Lake Project (RB) 5.12%, 05/15/24 (c)		390			321,071
Illinois Finance Authority, Central Baptist Village (RB) 5.38%, 05/30/23 (c)		35			33,395

	Par (000’s		)	Value
Illinois (continued)
Illinois Finance Authority, CHF - Cook, LLC - Northeastern Illinois University Project, Series A (RB)
5.00%, 07/01/25 (c)	$	1,000		$	951,315
5.00%, 07/01/25 (c)		1,340			1,101,634
Illinois Finance Authority, Christian Homes, Inc. (RB) 5.00%, 05/15/26 (c)		1,875			1,721,966
Illinois Finance Authority, Franciscan Communities, Inc., Series A (RB)
4.75%, 05/15/23 (c)		615			601,547
5.12%, 05/15/23 (c)		230			223,681
5.25%, 05/15/23 (c)		750			728,062
Illinois Finance Authority, Friendship Village of Schaumburg (RB)
5.00%, 02/15/27 (d) *		3,000			1,350,000
5.00%, 02/15/27 (c) (d) *		6,500			2,925,000
5.12%, 02/15/27 (c) (d) *		6,130			2,758,500
Illinois Finance Authority, Greenfields of Geneva Project (RB) 7.10%, 11/01/27 (c)		100			84,383
Illinois Finance Authority, Illinois Institute of Technology (RB) 5.00%, 09/01/29 (c)		175			160,558
Illinois Finance Authority, Intrinsic School Project, Series A (RB) 6.00%, 12/01/25 (c)		500			513,279
Illinois Finance Authority, Lutheran Life Communities Obligated Group, Series A (RB)
5.00%, 11/01/26 (c)		500			477,559
5.00%, 11/01/26 (c)		5			4,544
5.00%, 11/01/26 (c)		250			236,670
Illinois Finance Authority, Roosevelt University (RB) 5.50%, 05/30/23 (c)		475			460,669
Illinois Sports Facilities Authority (RB)
5.00%, 06/15/28		1,000			1,029,719
5.00%, 06/15/29 (c)		3,055			3,134,274
5.00%, 06/15/29		1,000			1,031,545
5.00%, 06/15/30		1,000			1,023,852
Illinois Sports Facilities Authority (RB) (AGM) 5.00%, 06/15/24 (c)		1,000			1,013,722
Illinois Sports Facilities Authority (RB) (AMBAC) 0.00%, 06/15/26 ^		690			606,139
Illinois State, Series A (GO)
5.00%, 12/01/27 (c)		500			534,344
5.00%, 05/01/28 (c)		500			518,866

	Par (000’s		)	Value
Illinois (continued)
Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series A (RB)
3.00%, 12/15/24 (c)	$	2,000		$	1,967,072
4.00%, 12/15/31 (c)		75			68,824
5.00%, 12/15/29 (c)		6,500			6,572,630
Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series A (RB) (NATL)
0.00%, 12/15/30 ^		475			359,914
0.00%, 12/15/34 ^		590			369,765
0.00%, 06/15/30 ^		745			576,518
0.00%, 06/15/31 ^		125			92,692
0.00%, 06/15/34 ^		190			122,270
0.00%, 06/15/39 ^		115			55,946
Northeastern Illinois University, Capital Improvement Project (CP) 4.00%, 05/30/23 (c)		585			466,856
Northern Illinois Municipal Power Agent Power Project, Prairie State Project, Series A (RB) 4.00%, 12/01/26 (c)		2,000			2,028,900
Northern Illinois University Board of Trustees, Auxiliary Facilities System (RB) (BAM) 4.00%, 04/01/31 (c)		1,200			1,160,573
State of Illinois (GO)
3.50%, 06/01/26 (c)		175			173,166
4.00%, 01/01/26 (c)		610			618,646
4.00%, 05/01/24		660			662,607
4.00%, 06/01/26 (c)		460			454,883
4.00%, 06/01/26 (c)		360			362,601
4.00%, 06/01/26 (c)		270			271,062
4.00%, 08/08/23 (c)		150			150,273
4.12%, 11/01/26 (c)		600			612,926
4.12%, 08/08/23 (c)		160			160,344
5.00%, 11/01/24		200			204,195
5.00%, 02/01/24 (c)		375			379,105
5.00%, 02/01/24 (c)		350			353,787
5.00%, 02/01/27		500			529,838
5.00%, 05/01/24 (c)		175			177,106
5.00%, 05/01/24 (c)		100			101,093
5.00%, 06/01/26		125			130,977
5.25%, 07/10/23 (c)		510			511,821
5.25%, 07/10/23 (c)		290			291,035
5.25%, 07/10/23 (c)		550			551,964
5.50%, 07/10/23 (c)		560			562,259
State of Illinois (RB) 3.00%, 06/15/26 (c)		100			94,854
State of Illinois, Series A (GO)
4.00%, 08/08/23 (c)		100			100,182
5.00%, 10/01/28		500			543,367
5.00%, 11/01/28		5			5,440
5.00%, 12/01/27 (c)		100			105,969
5.00%, 05/01/28 (c)		365			380,097

	Par (000’s		)	Value
Illinois (continued)
5.00%, 08/08/23 (c)	$	110		$	110,489
State of Illinois, Series D (GO)
5.00%, 11/01/25		250			259,305
5.00%, 11/01/26		2,000			2,111,772
5.00%, 11/01/27		2,975			3,190,620
5.00%, 11/01/27 (c)		4,935			5,300,024
Upper Illinois River Valley Development Authority, Elgin Math and Science Academy Charter School Project, Series A (RB) 6.00%, 03/01/30 (c)		1,000			969,041
Village of Bolingbrook, Special Service Area No. 1 (ST) 5.25%, 03/01/28 (c)		500			463,505
Village of Bridgeview (GO) 5.00%, 05/30/23 (c)		360			312,793
Will County Community High School District No. 210, Series B (GO)
0.00%, 01/01/29 ^		90			73,182
0.00%, 01/01/31 ^		245			184,088
0.00%, 01/01/33 ^		540			372,150
					301,481,484
Indiana: 0.8%
City of Anderson, Indiana Economic Development, Anderson University (RB) 4.75%, 05/30/23 (c)		215			205,182
Indiana Finance Authority Educational Facilities, Earlham College Project, Series A (RB) 5.00%, 10/01/23 (c)		150			150,195
Indiana Finance Authority Midwestern Disaster Relief, Ohio Valley Electric Corp. Project, Series C (RB) 3.00%, 11/01/30		1,500			1,364,922
Indiana Finance Authority, Baptist Healthcare System, Series A (RB) 5.00%, 08/15/27 (c)		4,000			4,095,210
Indiana Finance Authority, Deaconess Health System, Series A (RB) 5.00%, 09/01/26 (c)		1,000			1,069,105
Indiana Finance Authority, Ohio Valley Electric Corp. Project, Series A (RB) 4.25%, 11/01/30		7,000			7,011,385
Indiana Finance Authority, Ohio Valley Electric Corp. Project, Series B (RB) 3.00%, 11/01/30		3,500			3,184,819

	Par (000’s		)	Value
Indiana (continued)
Indiana Finance Authority, United States Steel Corp. Project, Series A (RB) 4.12%, 12/01/26	$	5,500		$	5,419,825
					22,500,643
Iowa: 0.8%
City of Coralville, Marriott Hotel and Convention Center, Series E (CP) 4.00%, 06/01/24 (c)		1,025			1,012,673
Iowa Finance Authority, Lifespace Communities, Inc., Series A (RB)
5.00%, 05/15/27 (c)		4,000			2,970,892
5.00%, 05/15/27 (c)		655			506,226
Iowa Finance Authority, Midwestern Disaster Area, Alcoa Inc. Project (RB) 4.75%, 05/30/23 (c)		7,655			7,382,950
Iowa Finance Authority, Midwestern Disaster Area, Iowa Fertilizer Co. Project, Series A (RB) 5.00%, 12/01/42 (c) (p)		5,605			5,630,192
Iowa Higher Education Loan Authority, Wartburg College Project (RB)
4.00%, 10/01/25		1,660			1,602,185
5.00%, 10/01/25 (c)		2,115			1,907,060
					21,012,178
Kansas: 0.6%
City of Hutchinson, Regional Medical Center, Inc. (RB) 5.00%, 12/01/26 (c)		250			232,586
City of Lenexa, Kansas Health Care Facility, Lakeview Village, Inc., Series A (RB) 5.00%, 05/15/27 (c)		1,000			923,734
City of Manhattan, Kansas Health Care Facilities Authority, Meadowlark Hills Retirement Community, Series A (RB) 4.00%, 06/01/28 (c)		3,000			2,169,195
City of Manhattan, Kansas Sales Tax, Downtown Redevelopment Star Project Area (RB) 4.00%, 06/01/25 (c)		850			849,230
City of Wichita, Health Care Facilities, Series III (RB) 5.00%, 05/15/26 (c)		250			231,359
Manhattan Kansas Health Care Facilities, Meadowlark Hills, Series A (RB) 4.00%, 06/01/28 (c)		1,000			817,290

	Par (000’s		)	Value
Kansas (continued)
Topeka Kansas Health Care Facilities, Brewster Place, Series A (RB)
6.25%, 12/01/29 (c)	$	1,000		$	980,047
6.50%, 12/01/29 (c)		1,000			976,839
Wichita Kansas Health Care Facilities, Presbyterian Manors, Inc., Series IV-A (RB) 6.50%, 05/30/23 (c)		2,995			2,983,889
Wyandotte County, Kansas City Unified Government, Vacation Village Project Area 1 and 2A, Series A (RB)
5.00%, 09/01/25 (c)		295			282,463
5.75%, 09/01/25 (c)		4,565			4,288,299
6.00%, 09/01/25 (c)		2,125			1,996,172
Wyandotte County, Kansas City Unified Government, Vacation Village Project Area 4 (RB) 0.00%, 09/01/34 ^		2,940			1,118,163
					17,849,266
Kentucky: 0.7%
Christian County, Jennie Stuart Medical Center (RB) 5.38%, 02/01/26 (c)		100			103,408
City of Henderson, Kentucky Exempt Facilities, Pratt Paper, LLC Project, Series A (RB) 4.45%, 01/01/32 (c)		2,250			2,116,450
Kentucky Economic Development Finance Authority Hospital, Series A (RB) 5.00%, 06/01/27 (c)		1,315			1,356,691
Kentucky Economic Development Finance Authority, Louisville Arena Authority, Inc., Series A (RB) (AGM) 5.00%, 05/30/23 (c)		760			756,334
Kentucky Economic Development Finance Authority, Louisville Arena Project, Series A (RB) (AGM) 5.00%, 12/01/27 (c)		4,655			4,793,309
Kentucky Economic Development Finance Authority, Masonic Home Independent Living II, Inc., Series A (RB)
5.00%, 05/15/26 (c)		350			296,630
5.00%, 05/15/26 (c)		2,545			2,322,281
5.00%, 05/15/26 (c)		250			186,550
Kentucky Economic Development Finance Authority, Masonic Homes of Kentucky, Inc. (RB) 5.38%, 05/19/23 (c)		400			363,605

	Par (000’s		)	Value
Kentucky (continued)
5.50%, 05/19/23 (c)	$	250		$	205,589
Kentucky Economic Development Finance Authority, Next Generation Kentucky Information Highway Project, Series A (RB) 4.25%, 07/01/25 (c)		865			839,953
Kentucky Economic Development Finance Authority, Owensboro Health System, Inc., Series A (RB)
5.00%, 06/01/26		175			181,753
5.00%, 06/01/27 (c)		990			996,568
5.25%, 06/01/27 (c)		750			771,350
Kentucky Economic Development Finance Authority, Owensboro Health System, Inc., Series B (RB) 5.00%, 06/01/27 (c)		500			503,831
Kentucky State Property and Building Commission, Project No. 115 (RB) (BAM) 5.00%, 04/01/27 (c)		2,000			2,143,167
Paducah Electric Plant Board, Series A (RB) (AGM) 5.00%, 10/01/26 (c)		1,045			1,099,121
					19,036,590
Louisiana: 0.9%
Calcasieu Parish Memorial Hospital Service District (RB) 5.00%, 12/01/29 (c)		3,800			3,429,879
City of Shreveport, Water and Sewer Revenue, Series C (RB) (BAM) 5.00%, 12/01/25		100			104,789
Hospital Service District No. 1 of Parish of Tangipahoa, North Oaks Health System Project (RB) 4.00%, 02/01/31 (c)		2,075			1,926,359
Louisiana Local Government Environmental Facilities and Community Development Authority Student Housing, Provident Group ULM Properties LLC, Series A (RB) 5.00%, 07/01/29 (c)		500			423,382
Louisiana Local Government Environmental Facilities and Community Development Authority, CDF Healthcare of Louisiana, LLC Project, Series A (RB) 5.62%, 06/01/25 (c)		950			789,354
Louisiana Local Government Environmental Facilities and Community Development Authority, City of New Orleans Gomesa Project (RB) 4.00%, 11/01/30 (c)		2,000			1,747,899

	Par (000’s		)	Value
Louisiana (continued)
Louisiana Local Government Environmental Facilities and Community Development Authority, Jefferson Parish Gomesa Project (RB) (NATL) 4.00%, 11/01/29 (c)	$	2,000		$	1,784,431
Louisiana Local Government Environmental Facilities and Community Development Authority, Parc Fontaine Apartments, Series A (RB) 4.25%, 05/30/23 (c)		175			141,115
Louisiana Local Government Environmental Facilities and Community Development Authority, University of Louisiana at Monroe Project, Series A (RB) 5.00%, 07/01/29 (c)		500			381,470
Louisiana Public Facilities Authority, Loyola University Project, (RB) 5.25%, 10/01/33 (c)		1,500			1,491,297
Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project, Series A (RB) (SAW) 3.00%, 05/15/30 (c)		1,250			915,297
Louisiana Public Facilities Authority, Series A (RB) 4.00%, 12/15/27 (c)		1,940			1,863,211
Louisiana Public Facilities Authority, Solid Waste Disposal , Louisiana Pellets, Inc. Project, Series A (RB) 7.50%, 07/01/23 (d) *		2,259			23
Louisiana Public Facilities Authority, Solid Waste Disposal Revenue, Louisiana Pellets, Inc. Project (RB) 7.75%, 07/01/24 (c) (d) *		1,647			16
Louisiana Public Facilities Authority, Solid Waste Disposal Revenue, Louisiana Pellets, Inc. Project, Series A (RB) 8.38%, 07/01/24 (c) (d) *		1,389			14
New Orleans Aviation Board, North Terminal Project, Series A (RB) 5.00%, 01/01/25 (c)		2,160			2,175,276
Parish of St James, Nustar Logistics, LP Project (RB)
5.85%, 06/01/25 (p)		750			769,564
6.35%, 06/01/30 (c)		4,000			4,325,902
Parish of St James, Nustar Logistics, LP Project, Series A (RB) 6.35%, 06/01/30 (c)		1,000			1,081,476

	Par (000’s		)	Value
Louisiana (continued)
Tangipahoa Parish, Louisiana Hospital Service, District No.1, North Oaks Health System Project (RB) 4.00%, 02/01/31 (c)	$	1,530		$	1,523,441
					24,874,195
Maine: 0.3%
Maine Health and Higher Educational Facilities Authority, Eastern Maine Medical Center Obligated Group Issue, Series A (RB)
4.00%, 07/01/26 (c)		1,695			1,447,075
5.00%, 07/01/26 (c)		1,000			993,106
5.00%, 07/01/26 (c)		5,345			4,959,382
					7,399,563
Maryland: 1.6%
Baltimore Maryland, Special Obligation, Harbor Point Project (RB) 5.00%, 06/01/31 (c)		1,000			960,754
City of Baltimore, Convention Center Hotel (RB)
5.00%, 09/01/27 (c)		1,000			988,897
5.00%, 09/01/27 (c)		1,000			1,018,464
5.00%, 09/01/27 (c)		2,250			2,168,362
5.00%, 09/01/27 (c)		2,000			1,885,095
City of Baltimore, East Baltimore Research Park Project, Series A (RB) 5.00%, 09/01/27 (c)		500			503,813
City of Baltimore, Harbor Point Project (RB) 5.12%, 06/01/26 (c)		250			250,419
County of Frederick, Maryland Educational Facilities Project, Mount Saunt Mary’s University, Series A (RB) 5.00%, 09/01/27 (c)		1,000			952,697
County of Prince George’s, Chesapeake Lighthouse Chapter School Project, Series A (RB) 7.00%, 11/01/25 (c)		500			515,282
Frederick County Maryland, Urban Community Development Authority, Series A (ST) 4.00%, 07/01/30 (c)		2,000			1,749,005
Frederick County, Education Facilities Project, Series A (RB) 5.00%, 09/01/27 (c)		4,100			3,706,152
Frederick County, Maryland Educational Facilities Project, Mount Saint Mary’s University, Series A (RB) 5.00%, 09/01/27 (c)		2,000			1,996,910

	Par (000’s		)	Value
Maryland (continued)
Frederick County, Maryland, Jefferson Technology Park Project, Series B (TA) 4.62%, 07/01/30 (c)	$	2,000		$	1,949,734
Howard County, Series A (TA) 4.50%, 02/15/26 (c)		2,500			2,272,054
Maryland Economic Development Corp., CNX Marine Terminal, Inc. Port of Baltimore Facility (RB) 5.75%, 05/30/23 (c)		7,785			7,853,236
Maryland Economic Development Corp., Metro Centre at Owings Mills Project (TA)
3.75%, 01/01/27 (c)		100			97,090
4.38%, 01/01/27 (c)		470			443,450
4.50%, 01/01/27 (c)		530			485,960
Maryland Economic Development Corp., Port Covington Project (TA)
3.25%, 09/01/30		1,500			1,383,605
4.00%, 09/01/30 (c)		3,250			2,686,221
4.00%, 09/01/30 (c)		2,250			1,996,856
Maryland Economic Development Corp., Purple Line Light Rail Project, Series B (RB) 5.25%, 06/30/32 (c)		3,085			3,132,536
Maryland Health and Higher Educational Facilities Authority, Mercy Medical Center, Series A (RB)
4.00%, 07/01/26 (c)		400			362,582
5.00%, 07/01/26 (c)		250			255,086
Maryland Health and Higher Educational Facilities Authority, Meritus Medical Center (RB)
4.00%, 07/01/25 (c)		210			211,013
4.25%, 07/01/25 (c)		145			145,286
5.00%, 07/01/25 (c)		500			508,164
5.00%, 07/01/25 (c)		1,500			1,517,431
5.00%, 07/01/25 (c)		625			643,099
Maryland Health and Higher Educational facilities, Stevenson University, Series A (RB) 4.00%, 06/01/31 (c)		750			676,802
Prince George County, Collington Episcopal Life Care Community, Inc. (RB) 5.25%, 04/01/27 (c)		1,000			905,309
Prince George’s County, Suitland-Naylor Road Project (TA) 4.75%, 01/01/26 (c)		500			502,328
					44,723,692

	Par (000’s		)	Value
Massachusetts: 1.4%
Collegiate Charter School of Lowell (RB) 5.00%, 06/15/26 (c)	$	365		$	355,136
Massachusetts Development Finance Agency, Boston Medical Center Issue , Series D (RB)
4.00%, 07/01/25 (c)		535			490,800
5.00%, 07/01/25 (c)		2,120			2,143,719
Massachusetts Development Finance Agency, Boston Student Housing Project (RB) 5.00%, 10/01/26 (c)		1,000			951,632
Massachusetts Development Finance Agency, Emerson College (RB) 5.00%, 01/01/25 (c)		500			507,727
Massachusetts Development Finance Agency, Emmanuel College, Series A (RB) 5.00%, 10/01/26 (c)		1,035			1,042,061
Massachusetts Development Finance Agency, Lasell University (RB) 4.00%, 07/01/31 (c)		2,400			1,963,267
Massachusetts Development Finance Agency, Lawrence General Hospital (RB) 5.00%, 07/01/27 (c)		1,000			901,271
Massachusetts Development Finance Agency, Lawrence General Hospital, Series A (RB) 5.25%, 07/01/24 (c)		350			322,404
Massachusetts Development Finance Agency, Linden Ponds, Inc. Facility (RB)
5.00%, 11/15/25 (c)		500			512,532
5.12%, 11/15/25 (c)		500			508,368
Massachusetts Development Finance Agency, Newbridge on the Charles, Inc. (RB)
4.00%, 05/19/23 (c)		1,000			960,455
4.12%, 05/19/23 (c)		2,500			2,154,595
5.00%, 05/19/23 (c)		1,400			1,308,283
5.00%, 05/19/23 (c)		14,550			13,060,850
Massachusetts Development Finance Agency, South Shore Hospital Issue, Series I (RB) 4.00%, 07/01/26 (c)		1,500			1,432,152
Massachusetts Development Finance Agency, Springfield College Issue, Series A (RB) (AGM) 4.00%, 06/01/30 (c)		5			4,010

	Par (000’s		)	Value
Massachusetts (continued)
Massachusetts Development Finance Agency, UMass Boston Student Housing Project (RB) 5.00%, 10/01/26 (c)	$	1,930		$	1,907,042
Massachusetts Development Finance Agency, UMass Dartmouth Student Housing Project (RB) 5.00%, 10/01/28 (c)		2,000			1,843,349
Massachusetts Development Finance Agency, UMass Memorial Health Care Obligated Group Issue, Series I (RB)
5.00%, 07/01/26 (c)		190			199,413
5.00%, 07/01/26 (c)		510			513,568
Massachusetts Development Finance Agency, Wellforce Issue, Series A (RB) 4.00%, 01/01/29 (c)		5,000			4,284,266
Massachusetts State Development Finance Agency, Wellforce Issue, Series A (RB) 5.00%, 01/01/29 (c)		1,250			1,304,697
					38,671,597
Michigan: 1.1%
Calhoun County Hospital Finance Authority, Oaklawn Hospital (RB) 5.00%, 02/15/27 (c)		290			290,395
City of Detroit, Michigan Unlimited Tax (GO) 5.50%, 04/01/30 (c)		250			257,544
City of Detroit, Michigan Unlimited Tax, Series A (GO)
5.00%, 04/01/31 (c)		1,475			1,427,372
5.00%, 04/01/31 (c)		135			132,520
Detroit Service Learning Academy, Public School Academy (RB) (AGM Q-SBLF) 4.00%, 07/01/28 (c)		1,000			808,169
Flint Michigan Hospital Building Authority, Hurley Medical Center (RB) 4.00%, 07/01/30 (c)		500			427,949
Flint Michigan Hospital Building Authority, Hurley Medical Center, Series A (RB) 5.25%, 07/01/23 (c)		2,000			2,001,618
Flint Michigan Hospital Building Authority, Series B (RB) 4.75%, 07/01/23 (c)		395			389,538
Michigan Finance Authority, Mid Michigan Health Credit Group (RB) 5.00%, 06/01/24 (c)		1,040			1,061,530

	Par (000’s		)	Value
Michigan (continued)
Michigan Finance Authority, Presbyterian Villages of Michigan (RB)
5.25%, 11/15/25 (c)	$	250		$	231,973
5.50%, 11/15/25 (c)		300			263,792
Michigan Finance Authority, Public Lighting Authority Local Project, Series B (RB)
5.00%, 07/01/24 (c)		215			215,756
5.00%, 07/01/24 (c)		3,575			3,581,605
Michigan Finance Authority, Series B-1 (RB) 5.00%, 12/01/30 (c)		2,235			2,281,546
Michigan Finance Authority, Sold Tobacco Receipts, Series A-2 (RB) 5.00%, 12/01/30		9,000			9,392,647
Michigan Finance Authority, Thomas M. Cooley Law School Project (RB) 5.00%, 07/01/24 (c)		795			803,200
Michigan Finance Authority, Tobacco Settlement Bonds, Series B-2 (RB) 0.00%, 12/01/30 (c) ^		15,500			1,561,076
Michigan State Building Authority, Series F (RB) 4.00%, 10/01/24		100			99,596
Michigan Strategic Fund, Evangelical Homes Project (RB)
5.25%, 05/30/23 (c)		1,000			911,374
5.50%, 05/30/23 (c)		2,000			1,615,564
Michigan Strategic Fund, I-75 Improvement Project (RB)
5.00%, 12/31/28 (c)		700			735,505
5.00%, 12/31/28 (c)		1,250			1,252,539
5.00%, 12/31/28 (c)		600			631,118
Michigan Tobacco Settlement Finance Authority, Series B (RB) 0.00%, 05/15/23 (c) ^		260			30,267
Summit Academy North, Michigan Public School (RB) 4.00%, 11/01/28 (c)		1,000			827,230
					31,231,423
Minnesota: 0.7%
Chippewa County, Chippewa County-Montevideo Hospital Project (RB) 4.00%, 03/01/26 (c)		135			127,953
City of Anoka, Homestead at Anoka, Inc. Project (RB) 4.25%, 11/01/24 (c)		500			473,869
City of Brooklyn Park, Charter School, Athlos Leadership Academy Project, Series A (RB) 5.50%, 07/01/25 (c)		245			214,574

	Par (000’s		)	Value
Minnesota (continued)
5.50%, 07/01/25 (c)	$	250		$	230,364
City of Crookston, Health Care Facilities, Riverview Health Project (RB) 5.00%, 05/01/29 (c)		3,000			2,615,655
City of Deephaven, Charter School, Eagle Ridge Academy Project, Series A (RB)
5.25%, 07/01/25 (c)		500			500,211
5.50%, 07/01/25 (c)		2,860			2,863,804
City of Forest Lake, International Language Academy, Series A (RB) (SAW) 5.38%, 08/01/27 (c)		500			482,971
City of Maple Grove, Minnesota Health Care Facilities (RB) 3.38%, 05/01/27 (c)		115			110,726
City of St. Louis Park, Place Via Sol Project (RB) (AMBAC) 6.00%, 07/01/27 (d) (p) *		2,000			200,000
City of St. Paul, Housing and Redevelopment Authority, Series A (RB)
4.00%, 07/01/25 (c)		1,000			1,006,944
5.75%, 09/01/26 (c)		325			325,966
Minneapolis Minnesota Heath Care System, Fairview Health Services, Series A (RB) 5.00%, 11/15/28 (c)		2,000			2,043,113
Minnesota Higher Education Facilities Authority, Augsburg College, Series A (RB) 5.00%, 05/01/26 (c)		3,730			3,393,259
Minnesota Higher Education Facilities Authority, Augsburg College, Series B (RB) 4.25%, 05/19/23 (c)		975			812,105
Minnesota Higher Education Facilities Authority, Bethel University (RB) 5.00%, 05/01/27 (c)		2,000			1,810,875
Rochester Minnesota Health Care and Housing, Samaritan Bethany, Inc., Project, Series A (RB) 5.00%, 08/01/25 (c)		1,075			887,668
Township of Baytown, St. Croix Preparatory Academy Project, Series A (RB) 4.00%, 08/01/26 (c)		250			213,156
Woodbury, Minnesota Charter School Lease, Woodbury Leadership Academy Project, Series A (RB) 4.00%, 07/01/28 (c)		1,150			818,019
					19,131,232

	Par (000’s		)	Value
Mississippi: 0.3%
Mississippi Business Finance Corp., Enviva, Inc. Project, (RB) 7.75%, 07/15/32 (c) (p)	$	4,000		$	4,039,531
Mississippi Business Finance Corp., System Energy Resources Inc. Project (RB) 2.38%, 06/01/26 (c)		2,250			1,429,146
Mississippi Development Bank, Magnolia Regional Health Center Project (RB) 4.00%, 10/01/31 (c)		3,500			2,975,418
Mississippi Development Bank, Water and Sewer System (RB) (AGM) 6.88%, 12/01/23 (c)		1,000			1,016,697
					9,460,792
Missouri: 1.2%
Boone County, Boone Hospital Center (RB)
3.00%, 08/01/26 (c)		410			294,119
4.00%, 08/01/26 (c)		565			422,250
5.00%, 08/01/26 (c)		1,000			934,898
Cape Girardeau County Industrial Development Authority, Missouri Health Facilities (RB) 3.00%, 03/01/31 (c)		2,750			1,865,241
Cape Girardeau County Industrial Development Authority, Series A (RB) 5.00%, 03/01/27 (c)		1,000			1,036,729
City of Blue Springs, Adams Farm Project, Series A (TA) 4.00%, 06/01/23 (c)		15			15,008
City of Liberty, Liberty Commons Project, Series A (TA) 5.75%, 06/01/25 (c)		500			463,393
City of Nevada, Regional Medical Center (RB) (ACA) 4.30%, 05/30/23 (c)		40			38,984
City of St. Louis, Industrial Development Authority, Ballpark Village Development Project, Series A (RB) 4.38%, 11/15/26 (c)		250			201,056
Health and Educational Facilities Authority, Lutheran Senior Services Projects, Series C (RB) 4.00%, 02/01/29 (c)		475			378,950
I-470 Western Gateway Transportation Development District, Series A (RB)
4.50%, 12/01/26 (c)		300			295,128
5.25%, 12/01/26 (c)		1,100			1,101,726

	Par (000’s		)	Value
Missouri (continued)
Kansas City Industrial Development Authority, Methodist Retire Home, Series B (RB) 5.00%, 11/15/46	$	5,352		$	3,997,173
Kansas City Land Clearance Redevelopment Authority, Convention Center Hotel Project, Series B (TA) (AGM) 5.00%, 02/01/28 (c)		4,475			3,267,624
Kirkwood Industrial Development Authority, Missouri Retirement Community, Series A (RB)
5.25%, 05/15/27 (c)		1,500			1,337,918
5.25%, 05/15/27 (c)		4,000			3,258,690
Lees Summit Industrial Development Authority, John Knox Village, Series A (RB)
5.00%, 08/15/24 (c)		1,550			1,371,580
5.00%, 08/15/25 (c)		2,430			2,253,780
5.00%, 08/15/25 (c)		2,000			1,661,159
Lee’s Summit, Missouri Summit Fair Project (TA) 4.88%, 11/01/27 (c)		2,500			2,257,593
Missouri State Health & Educational Facilities Authority, University of Health Sciences and Pharmacy in St. Louis, Series A (RB) 4.00%, 05/01/33 (c)		2,000			1,760,605
Missouri State Health and Educational Facilities Authority, Lutheran Senior Services Project, Series A (RB) 5.00%, 02/01/24 (c)		3,000			2,782,589
St. Joseph Industrial Development Authority, Missouri Healthcare, Series A (RB) 5.00%, 01/01/26 (c)		1,000			724,106
St. Louis County, Industrial Development Authority, Friendship Village St. Louis, Series A (RB) 5.00%, 09/01/25 (c)		500			466,922
St. Louis County, Industrial Development Authority, St. Andrew’s Resources, Series A (RB) 5.00%, 12/01/25 (c)		150			142,463
University City of Missouri Industrial Development Authority of University City, Missouri, Series A (RB) 4.88%, 06/15/33 (c)		1,000			1,001,135
					33,330,819

	Par (000’s		)	Value
Montana: 0.2%
City of Forsyth, Rosebud County, Montana Pollution Control, Series A (RB) 3.90%, 05/30/23 (c)	$	2,000		$	2,000,104
Montana Facility Finance Authority, Bozeman Deaconess Health Services, Series A (RB) 4.00%, 06/01/31 (c)		415			394,623
Montana Facility Finance Authority, Kalispell Regional Medical Center, Series B (RB)
4.12%, 07/01/28 (c)		500			482,549
5.00%, 07/01/28 (c)		1,270			1,278,698
					4,155,974
Nebraska: 0.1%
Central Plains Energy Project, Gas Project Crossover No. 3, Series A (RB)
5.00%, 09/01/34		1,000			1,097,215
5.00%, 09/01/36		500			540,044
5.00%, 09/01/42		1,780			1,856,057
Central Plains Energy Project, Series G (RB) 5.00%, 10/01/29 (c) (p)		235			246,134
					3,739,450
Nevada: 0.3%
City of Las Vegas, Special Improvement District No. 814 (SA)
4.00%, 06/01/29 (c)		235			201,022
4.00%, 06/01/29 (c)		540			444,024
City of Reno, Tax Increment Senior Lien, Series C (TA) 5.40%, 05/30/23 (c)		1,175			1,162,879
Clark County School District, Series A (GO) 5.00%, 06/15/26		2,000			2,130,037
Clark County, Special Improvement District No. 159 (SA) 5.00%, 08/01/25 (c)		170			171,452
Henderson Local Improvement District No. T-18 (SA) 4.00%, 09/01/26 (c)		625			572,643
North Las Vegas, Special Improvement District No. 64 (SA) 4.62%, 12/01/28 (c)		230			210,918
North Las Vegas, Special Improvement District No. 64 (SA) (SAW) 4.62%, 12/01/28 (c)		480			450,963
State of Nevada, Department of Business and Industry, Somerset Academy, Series A (RB)
5.00%, 12/15/25 (c)		2,000			1,968,653
5.00%, 12/15/25 (c)		500			443,879

	Par (000’s		)	Value
Nevada (continued)
5.00%, 12/15/25 (c)	$	400		$	382,018
5.12%, 12/15/25 (c)		1,000			918,538
					9,057,026
New Hampshire: 0.4%
National Finance Authority, Ascentria Care Alliance Project (RB)
5.00%, 07/01/28 (c)		1,220			952,356
5.00%, 07/01/28 (c)		2,000			1,517,535
National Finance Authority, Covanta Project, Series B (RB) 4.62%, 07/01/23 (c)		4,000			3,376,882
National Finance Authority, New Hampshire Resource Recovery, Covanta Project, Series C (RB) 4.88%, 07/01/23 (c)		3,375			2,945,500
National Finance Authority, Resource Recovery, Series A (RB) 3.62%, 07/02/40 (c) (p)		1,600			1,197,538
National Finance Authority, The Vista Project, Series A (RB) 5.62%, 07/01/25 (c)		1,600			1,449,336
New Hampshire Health and Education Facilities Authority, Hillside Village, Series A (RB)
6.12%, 07/01/24 (c) (d) *		1,252			275,480
6.12%, 07/01/24 (c) (d) *		835			183,653
6.25%, 07/01/24 (c) (d) *		417			91,826
					11,990,106
New Jersey: 3.0%
Camden County, New Jersey Improvement Authority, Series A (RB) 5.00%, 02/15/24 (c)		150			151,433
Casino Reinvestment Development Authority (RB)
5.25%, 11/01/24 (c)		8,450			8,523,843
5.25%, 11/01/24 (c)		1,410			1,427,174
City of Atlantic City, New Jersey Tax Appeal (GO) 5.00%, 12/01/23 (c)		65			64,969
New Jersey Economic Development Authority, Bancroft Neurohealth Project, Series A (RB) 5.00%, 06/01/26 (c)		470			444,072
New Jersey Economic Development Authority, Continental Airlines, Inc. Project (RB)
5.25%, 05/30/23 (c)		1,645			1,655,955
5.50%, 06/20/23 (c)		60			60,644
5.62%, 03/05/24 (c)		2,035			2,065,327
5.62%, 03/05/24 (c)		285			289,247
5.75%, 05/30/23 (c)		4,800			4,813,776

	Par (000’s		)	Value
New Jersey (continued)
New Jersey Economic Development Authority, Kapkowski Road Landfill Reclamation Improvement District Project (SA) 5.75%, 04/01/31	$	55		$	54,995
New Jersey Economic Development Authority, Lions Gate Project (RB)
4.88%, 01/01/24 (c)		655			622,414
5.00%, 01/01/24 (c)		500			454,740
New Jersey Economic Development Authority, Motor Vehicle Surcharges, Series A (RB)
4.00%, 07/01/27 (c)		2,000			2,020,674
4.00%, 07/01/27 (c)		1,640			1,672,060
5.00%, 07/01/27 (c)		4,640			4,936,036
New Jersey Economic Development Authority, Motor Vehicle Surcharges, Series B (RB) (XLCA) 0.00%, 07/01/26 ^		515			461,570
New Jersey Economic Development Authority, New Jersey Transit Corp. Project, Series B (RB) 4.00%, 11/01/25		120			121,775
New Jersey Economic Development Authority, School Facilities Construction, Series AAA (RB)
5.00%, 12/15/26 (c)		725			765,302
5.00%, 12/15/26 (c)		305			320,285
New Jersey Economic Development Authority, School Facilities Construction, Series BBB (RB)
4.75%, 12/15/26 (c)		2,545			2,734,728
5.50%, 12/15/26 (c)		165			181,550
New Jersey Economic Development Authority, School Facilities Construction, Series EEE (RB) 5.00%, 12/15/28 (c)		2,880			3,009,226
New Jersey Economic Development Authority, School Facilities Construction, Series II (RB) 5.00%, 05/31/23 (c)		470			470,614
New Jersey Economic Development Authority, School Facilities Construction, Series KK (RB) 5.00%, 05/31/23 (c)		125			125,163
New Jersey Economic Development Authority, School Facilities Construction, Series LLL (RB) 5.00%, 12/15/29 (c)		600			644,914

	Par (000’s		)	Value
New Jersey (continued)
New Jersey Economic Development Authority, School Facilities Construction, Series MMM (RB) 4.00%, 12/15/29 (c)	$	500		$	513,598
New Jersey Economic Development Authority, School Facilities Construction, Series NN (RB) 5.00%, 05/31/23 (c)		15			15,020
New Jersey Economic Development Authority, School Facilities Construction, Series PP (RB)
5.00%, 06/15/24 (c)		140			143,000
5.00%, 06/15/24 (c)		100			102,142
5.00%, 06/15/24 (c)		580			592,427
New Jersey Economic Development Authority, School Facilities Construction, Series QQQ (RB)
4.00%, 12/15/29 (c)		205			194,635
4.00%, 12/15/30 (c)		600			597,037
4.00%, 12/15/30 (c)		700			721,550
4.00%, 12/15/30 (c)		600			604,164
New Jersey Economic Development Authority, School Facilities Construction, Series RR (RB) 5.00%, 06/15/24 (c)		620			633,284
New Jersey Economic Development Authority, School Facilities Construction, Series WW (RB)
5.00%, 06/15/25 (c)		630			659,116
5.00%, 06/15/25 (c)		680			711,427
5.25%, 06/15/25 (c)		435			454,221
5.25%, 06/15/25 (c)		1,055			1,109,151
5.25%, 06/15/25 (c)		2,565			2,696,657
New Jersey Economic Development Authority, School Facilities Construction, Series XX (RB)
4.00%, 06/15/24		220			221,231
4.38%, 06/15/25 (c)		420			429,453
5.00%, 06/15/25 (c)		105			109,852
New Jersey Economic Development Authority, The Goethals Bridge Replacement Project (RB)
5.12%, 01/01/24 (c)		350			352,609
5.25%, 01/01/24 (c)		1,000			1,007,881
5.38%, 01/01/24 (c)		900			903,209
5.50%, 01/01/24 (c)		500			505,065
New Jersey Economic Development Authority, West Campus Housing, LLC, Series A (RB) 4.12%, 07/01/25 (c)		150			136,088

	Par (000’s		)	Value
New Jersey (continued)
New Jersey Educational Facilities Authority, Higher Educational Capital Improvement, Series A (RB) 5.00%, 09/01/24 (c)	$	330		$	337,530
New Jersey Educational Facilities Authority, Montclair State University Issue, Series A (RB) 5.00%, 07/01/24 (c)		1,000			1,009,970
New Jersey Educational Facilities Authority, Rider University, Series F (RB) 5.00%, 07/01/27 (c)		490			420,631
New Jersey Health Care Facilities Financing Authority, Hospital Asset Transformation Program (RB) 5.00%, 04/01/28 (c)		500			540,586
New Jersey Transportation Trust Fund Authority, Series A (RB)
0.00%, 12/15/25 ^		270			247,057
0.00%, 12/15/25 ^		230			210,456
0.00%, 12/15/33 ^		5			3,395
5.00%, 12/15/26		5			5,320
5.00%, 12/15/28		200			220,772
5.00%, 12/15/29 (c)		385			412,023
New Jersey Transportation Trust Fund Authority, Series AA (RB)
4.75%, 06/15/25 (c)		150			153,808
5.00%, 06/15/23 (c)		135			135,323
5.00%, 06/15/23 (c)		640			640,965
5.00%, 06/15/23 (c)		200			200,419
5.00%, 06/15/23 (c)		605			606,395
5.00%, 06/15/25 (c)		340			346,434
5.25%, 06/15/23 (c)		130			130,316
5.25%, 06/15/25 (c)		505			518,739
New Jersey Transportation Trust Fund Authority, Series C (RB) (AMBAC)
0.00%, 12/15/24 ^		430			406,677
0.00%, 12/15/25 ^		250			229,051
0.00%, 12/15/28 ^		185			153,423
New Jersey Transportation Trust Fund Authority, Series C (RB) (NATL) 0.00%, 12/15/31 ^		365			271,501
Newark Housing Port Authority, Marine Terminal Redevelopment Project (RB) (NATL) 5.25%, 01/01/27		100			105,830
South Jersey Port Corp., Marine Terminal, Series B (RB) 5.00%, 01/01/28 (c)		360			377,016

	Par (000’s		)	Value
New Jersey (continued)
Tobacco Settlement Financing Corp., Series A (RB)
5.00%, 06/01/28 (c)	$	13,290		$	13,691,601
5.25%, 06/01/28 (c)		2,675			2,798,473
Tobacco Settlement Financing Corp., Series B (RB) 5.00%, 06/01/28 (c)		9,155			9,117,360
					84,796,374
New Mexico: 0.3%
City of Farmington, New Mexico Pollution Control, Public Service Company of San Juan And Four Corners Projects, Series B (RB) 2.15%, 10/01/31 (c)		6,000			4,817,536
New Mexico Hospital Equipment Loan Council, Haverland Carter Lifestyle Group -LA Vida Llena Expansion Project, Series A (RB) 5.00%, 07/01/26 (c)		3,480			2,673,536
					7,491,072
New York: 10.3%
Brooklyn Arena Local Development Corp., Barclays Center (RB)
0.00%, 07/15/32 ^		395			264,874
0.00%, 07/15/33 ^		370			236,383
0.00%, 07/15/47 ^		180			51,717
Brooklyn Arena Local Development Corp., Barclays Center, Series A (RB)
5.00%, 01/15/27 (c)		4,050			4,049,689
5.00%, 07/15/26		345			355,359
Build NYC Resource Corp., Albert Einstein School of Medicine, Inc., Project (RB) 5.50%, 09/01/25 (c)		4,920			4,921,075
Build NYC Resource Corp., Brooklyn Navy Yard Cogeneration Partners, L.P. Project (RB)
5.00%, 12/31/28		5,435			5,159,307
5.25%, 12/31/28 (c)		9,700			8,938,068
5.50%, 12/31/28 (c)		4,700			4,089,835
Build NYC Resource Corp., East Harlem Scholars Academy Charter School Project (RB)
5.75%, 06/01/30 (c)		1,000			1,029,201
5.75%, 06/01/30 (c)		1,000			1,009,779
Build NYC Resource Corp., Kipp NYC Public School Facilities - Canal West Project (RB)
5.25%, 07/01/32 (c)		1,000			1,030,215
5.25%, 07/01/32 (c)		1,000			1,023,265
5.25%, 07/01/32 (c)		1,500			1,523,838

	Par (000’s		)	Value
New York (continued)
Build NYC Resource Corp., Richmond University Medical Center Project, Series A (RB) 5.62%, 12/01/28 (c)	$	1,200		$	1,195,024
Build NYC Resource Corp., Shefa School Project, Series A (RB) (SAW) 5.00%, 06/15/31 (c)		4,000			3,445,029
City of Troy Capital Resource Corp., Series A (RB) 4.00%, 09/01/30 (c)		1,250			1,177,879
County of Suffolk, Series D (GO) (BAM) 4.00%, 10/15/27 (c)		1,000			1,044,068
Dutchess County Local Development Corp., Bard College Project, Series A (RB)
5.00%, 07/01/30 (c)		1,000			1,004,836
5.00%, 07/01/30 (c)		1,500			1,527,927
5.00%, 07/01/30 (c)		8,370			8,303,035
Dutchess County Local Development Corp., Health Quest System, Inc., Series B (RB)
5.00%, 07/01/26 (c)		1,000			1,017,708
5.00%, 07/01/26 (c)		3,000			2,920,735
Erie Tobacco Asset Securitization Corp., Series A (RB)
5.00%, 05/30/23 (c)		5			4,726
5.00%, 05/30/23 (c)		2,000			1,839,417
Monroe County Industrial Development Corp., Rochester regional Health Project, Series A (RB)
3.00%, 12/01/30 (c)		5			3,769
5.00%, 12/01/30 (c)		500			534,342
Monroe County Industrial Development Corp., Rochester Regional Health Project, Series A (RB) 4.00%, 12/01/30 (c)		1,100			1,092,012
Nassau County Tobacco Settlement Corp., Series A-3 (RB) 5.12%, 05/15/23 (c)		2,905			2,620,948
New York City Housing Development Corp., Multi-Family Housing, Series F (RB) 4.50%, 05/15/24 (c)		2,500			2,446,445
New York City Industrial Development Agency, Airport Facilities, Series A (RB) 5.00%, 05/30/23 (c)		2,000			2,000,901
New York Counties Tobacco Trust IV, Series A (RB)
3.75%, 06/01/26 (c)		500			399,269
5.00%, 05/15/23 (c)		785			714,595
5.00%, 05/15/23 (c)		8,000			7,388,268

	Par (000’s		)	Value
New York (continued)
New York Counties Tobacco Trust IV, Series E (RB) 0.00%, 05/15/23 (c) ^	$	5		$	366
New York Counties Tobacco Trust VI, Series A-2B (RB) 5.00%, 06/01/26 (c)		1,270			1,208,019
New York Liberty Development Corp., 3 World Trade Center Project (RB)
5.00%, 11/15/24 (c)		2,025			1,967,744
5.15%, 11/15/24 (c)		4,210			4,214,826
7.25%, 11/15/24 (c)		7,000			7,086,500
New York Liberty Development Corp., Bank of America Tower at One Bryant Park Project, Series 3 (RB) 2.80%, 03/15/29 (c)		7,000			6,328,818
New York Liberty Development Corp., Goldman Sachs Headquarters Issue (RB) 5.25%, 10/01/35		3,000			3,446,820
New York State Dormitory Authority, CUNY Student Housing Project (RB) (AMBAC) 5.50%, 07/01/35		480			532,578
New York State Dormitory Authority, Fit Student Housing Corp. (RB) (NATL) 5.25%, 07/01/31		150			159,149
New York State Dormitory Authority, Fordham University, Series A (RB) 5.00%, 07/01/26 (c)		1,550			1,606,850
New York State Dormitory Authority, Montefiore Obligated Group, Series A (RB) 5.00%, 08/01/27		2,500			2,491,707
New York State Dormitory Authority, New School University, Series A (RB) 5.00%, 07/01/25 (c)		2,500			2,533,172
New York State Dormitory Authority, New School, Series A (RB) 5.00%, 01/01/27 (c)		2,500			2,553,752
New York State Dormitory Authority, Series A (RB) 5.00%, 01/01/27 (c)		1,370			1,448,362
New York State Dormitory Authority, Yeshiva University, Series A (RB) 5.00%, 07/15/32 (c)		1,000			1,007,670
New York Transportation Development Corp., American Airlines, Inc. John F. Kennedy International Airport Project (RB) 2.25%, 08/01/26		1,625			1,520,671

	Par (000’s		)	Value
New York (continued)
5.00%, 05/19/23 (c)	$	10,640		$	10,653,074
5.00%, 05/19/23 (c)		12,520			12,529,076
5.25%, 08/01/30 (c)		2,810			2,904,307
5.38%, 08/01/30 (c)		2,000			2,023,145
New York Transportation Development Corp., Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment Project (RB)
4.00%, 01/01/28 (c)		2,750			2,653,332
4.00%, 10/01/30		8,665			8,544,461
4.38%, 10/01/30 (c)		22,050			21,033,305
5.00%, 01/01/28 (c)		610			639,757
5.00%, 01/01/28 (c)		1,300			1,362,973
5.00%, 01/01/28 (c)		5,230			5,479,619
5.00%, 01/01/28 (c)		1,600			1,677,980
5.00%, 10/01/30 (c)		18,300			18,785,230
5.00%, 10/01/30 (c)		16,150			17,050,453
New York Transportation Development Corp., John F. Kennedy International Airport Project (RB) 3.00%, 08/01/31		5,765			5,044,701
New York Transportation Development Corp., LaGuardia Airport Terminal B Redevelopment Project, Series A (RB)
4.00%, 07/01/24 (c)		1,000			1,000,323
5.00%, 07/01/24 (c)		2,230			2,261,379
5.00%, 07/01/24 (c)		10,130			10,064,764
5.00%, 07/01/24 (c)		420			426,413
5.00%, 07/01/24 (c)		1,515			1,518,157
5.25%, 07/01/24 (c)		7,580			7,589,215
New York Transportation Development Corp., Terminal 4 John F. Kennedy International Airport Project (RB)
5.00%, 12/01/32 (c)		1,000			1,036,032
5.00%, 12/01/32 (c)		1,000			1,052,021
5.00%, 12/01/32 (c)		1,000			1,041,069
Niagara Area Development Corp., New York Solid Waste Disposal Facility, Series A (RB) 4.75%, 07/01/23 (c)		2,250			1,931,593
Otsego County Capital Resource Corp., Hartwick College Project, Series A (RB) 5.00%, 10/01/25 (c)		355			279,950
Suffolk Tobacco Asset Securitization Corp., Series B-2 (RB) 0.00%, 06/01/31 (c) ^		10,515			1,176,141
Syracuse Industrial Development Agency, Carousel Center Project, Series A (RB) 5.00%, 01/01/26 (c)		200			148,079

	Par (000’s		)	Value
New York (continued)
Triborough Bridge & Tunnel Authority, MTA Bridges and Tunnels, Series B (RB) 5.00%, 12/16/24	$	10,000		$	10,281,592
TSASC, Inc., Tobacco Settlement Bonds, Series B (RB) 5.00%, 06/01/27 (c)		18,780			17,655,628
Ulster County Capital Resource Corp., Woodland Pond of New Paltz Project (RB)
4.00%, 09/15/24 (c)		525			495,364
5.00%, 09/15/24 (c)		400			319,831
5.25%, 09/15/24 (c)		180			128,966
Westchester County Local Development Corp., Medical Center (RB) 5.00%, 11/01/25 (c)		3,000			2,892,760
Westchester Tobacco Asset Securitization Corp., Series B (RB) 5.00%, 06/01/27 (c)		200			205,009
Westchester Tobacco Asset Securitization Corp., Series C (RB) 5.00%, 06/01/23 (c)		4,575			4,576,002
Yonkers Economic Development Corp., Charter School of Educational Excellence Project, Series A (RB) 5.00%, 10/15/29 (c)		275			244,789
Yonkers Economic Development Corp., Charter School of Educational Excellence Project, Series A (RB) (AGM) 5.00%, 10/15/29 (c)		315			294,844
					289,471,876
North Carolina: 0.5%
North Carolina Department of Transportation, I-77 Hot Lanes Project (RB)
5.00%, 06/30/25 (c)		1,000			1,004,000
5.00%, 06/30/25 (c)		1,430			1,377,380
North Carolina Medical Care Commission Health Care Facilities First Mortgage, Pennybyrn at Maryfield (RB)
5.00%, 10/01/24 (c)		1,000			1,001,578
5.00%, 10/01/24 (c)		1,770			1,758,609
North Carolina Medical Care Commission Health Care Facilities, Series A (RB) 4.00%, 01/01/30 (c)		205			199,005
North Carolina Medical Care Commission, Pennybyrn at Maryfield (RB) 5.00%, 10/01/25		90			90,331

	Par (000’s		)	Value
North Carolina (continued)
North Carolina Medical Care Commission, Retirement Facilities (RB)
4.70%, 07/01/25 (c)	$	550		$	486,703
5.00%, 10/01/24 (c)		250			242,804
5.00%, 10/01/24 (c)		250			231,551
North Carolina Medical Care Commission, Retirement Facilities, Series A (RB) 5.00%, 10/01/24 (c)		165			161,397
North Carolina Medical Care Commission, Retirement Facilities, Series A (RB) (AGM) 5.00%, 07/01/26 (c)		385			328,619
North Carolina Medical Care Commission, Salemtowne Project (RB) 5.25%, 10/01/25 (c)		465			433,339
North Carolina Turnpike Authority, Monroe Expressway Toll, Series A (RB) 5.00%, 07/01/26 (c)		5,120			5,171,774
North Carolina Turnpike Authority, Triangle Expressway System (RB) 5.00%, 01/01/27 (c)		1,000			1,057,666
North Carolina Turnpike Authority, Triangle Expressway System (RB) (AGM) 5.00%, 01/01/29 (c)		100			110,818
					13,655,574
North Dakota: 0.2%
City of Grand Forks, Altru Health System (RB) (AGM) 4.00%, 12/01/31 (c)		1,000			880,096
City of Williston, Eagle Crest Apartments LLC Project (RB)
6.25%, 09/01/23 (d) *		615			276,750
7.75%, 09/01/23 (c) (d) *		1,285			578,250
County of Grand Forks, Red River Biorefinery, LLC Project, Series A (RB) 7.00%, 06/15/26 (c) (d) *		5,500			3,025,000
Ward County, North Dakota Health Care Facilities, Series C (RB) 5.00%, 06/01/28 (c)		1,000			856,059
					5,616,155
Ohio: 3.8%
Akron Bath Copley Joint Township Hospital District, Summa Health System (RB)
5.25%, 11/15/26 (c)		3,000			3,049,512
5.25%, 11/15/26 (c)		500			510,684
American Municipal Power, Inc., Prairie State Energy Campus Project, Series A (RB) 5.00%, 02/15/24 (c)		1,585			1,593,366

	Par (000’s		)	Value
Ohio (continued)
Buckeye Tobacco Settlement Financing Authority, Series B-2 (RB) 5.00%, 06/01/30 (c)	$	46,645		$	43,543,765
Buckeye Tobacco Settlement Financing Authority, Series B-3 (RB) 0.00%, 06/01/30 (c) ^		21,500			2,630,878
Centerville Ohio Health Care, Graceworks Lutheran Services (RB) 5.25%, 11/01/27 (c)		1,000			870,922
Cleveland Cuyahoga County, Port Authority Cultural Facility, Playhouse Square Foundation Project (RB) 5.00%, 12/01/28		800			813,999
Columbus-Franklin County Finance Authority, Ohio Dominican University Project (RB) (SBG) 6.50%, 03/01/25 (c)		3,800			3,015,221
County of Butler (RB) 5.00%, 11/15/27 (c)		1,035			1,098,366
County of Cuyahoga, Ohio Convention Hotel Project (CP) 5.00%, 06/01/24 (c)		1,805			1,833,112
County of Cuyahoga, Ohio Hospital, The Metrohealth System (RB)
4.75%, 02/15/27 (c)		340			331,733
5.00%, 02/15/27 (c)		2,010			1,992,581
5.25%, 02/15/27 (c)		4,250			4,304,297
County of Montgomery, Premier Health Partners Obligated Group, Series A (RB)
4.00%, 11/15/29 (c)		2,250			2,015,749
4.00%, 11/15/29 (c)		3,940			3,636,577
Cuyahoga County, Ohio Hospital, The Metrohealth System (RB)
5.00%, 02/15/27 (c)		5,000			4,958,950
5.50%, 02/15/27 (c)		1,225			1,249,725
Muskingum County, Ohio Hospital Facilities, Genesis HealthCare System Project (RB)
5.00%, 05/30/23 (c)		1,750			1,557,046
5.00%, 05/30/23 (c)		490			490,189
5.00%, 05/30/23 (c)		4,030			3,542,765
Ohio Air Quality Development Authority, American Electric Co. Project, Series B (RB) 2.60%, 10/01/29 (c) (p)		2,225			1,975,060
Ohio Air Quality Development Authority, AMG Vanadium Project (RB) 5.00%, 07/01/29 (c)		13,565			12,540,651

	Par (000’s		)	Value
Ohio (continued)
Ohio Air Quality Development Authority, Duke Energy Corp. Project, Series B (RB) 4.25%, 06/01/27 (p)	$	1,000		$	1,002,609
Ohio Air Quality Development Authority, Ohio Valley Electric Corp. Project, Series A (RB) 3.25%, 09/01/29		2,750			2,570,258
Ohio University, A State University of Ohio, Series A (RB) 5.00%, 06/01/27 (c)		1,250			1,312,001
Southeastern Ohio Port Authority, Hospital Facilities Revenue, Memorial Health System Obligated Group Project (RB)
5.00%, 12/01/24 (c)		1,240			1,021,990
5.00%, 12/01/24 (c)		245			225,924
5.50%, 12/01/24 (c)		70			62,847
Washington County, Ohio Hospital Facilities, Memorial Health System (RB) 6.75%, 12/01/32 (c)		2,235			2,243,114
					105,993,891
Oklahoma: 1.2%
Atoka Industrial Development Authority Solid Waste Disposal Facilities, Gladieux Metals Recycling Oklahoma, LLC Project (RB) 8.00%, 08/01/26 (c)		1,000			1,010,043
Holdenville Public Works Authority, Series A (RB) 4.38%, 11/01/24 (c)		605			412,014
Norman Regional Hospital Authority (RB)
3.25%, 09/01/29 (c)		340			263,872
4.00%, 09/01/26 (c)		2,365			2,148,567
4.00%, 09/01/29 (c)		2,000			1,692,534
5.00%, 09/01/29 (c)		3,200			3,192,112
Oklahoma County Finance Authority, Epworth Villa Project, Series A (RB)
5.00%, 04/01/23 (d) *		90			45,000
5.00%, 05/30/23 (c) (d) *		825			412,500
Oklahoma Development Finance Authority, OU Medicine Project, Series B (RB)
5.00%, 08/15/28 (c)		700			678,001
5.25%, 08/15/28 (c)		2,900			2,760,838
5.25%, 08/15/28 (c)		8,000			7,412,333
Oklahoma Development Finance Authority, OU Medicine Project, Series B (RB) (AGM)
5.50%, 08/15/28 (c)		6,290			5,808,264
5.50%, 08/15/28 (c)		1,300			1,223,151

	Par (000’s		)	Value
Oklahoma (continued)
Rogers County Industrial Development Authority (RB) 3.62%, 04/01/25 (c)	$	375		$	336,356
Tulsa Municipal Airport Trust, American Airlines, Inc. (RB) 5.00%, 06/01/25 (c) (p)		4,455			4,490,718
Tulsa Municipal Airport Trust, American Airlines, Inc., Series B (RB) 5.50%, 06/01/23 (c)		2,100			2,100,634
					33,986,937
Oregon: 0.0%
Multnomah County, Oregon Hospital Facilities Authority, PArkview Project, Series A (RB) (AGM) 4.00%, 12/01/28 (c)		1,000			828,244
Pennsylvania: 4.3%
Allentown Neighborhood Improvement Zone Development Authority (RB)
5.00%, 05/01/27 (c)		2,000			1,959,644
5.00%, 05/01/27 (c)		250			254,298
5.00%, 05/01/28		785			803,236
5.00%, 05/01/28 (c)		250			254,631
5.00%, 05/01/28		1,000			1,024,850
5.38%, 05/01/28 (c)		4,000			4,007,799
Berks County Industrial Development Authority, Tower Health Project (RB)
5.00%, 11/01/24		500			375,674
5.00%, 11/01/26		120			79,177
5.00%, 11/01/27 (c)		110			68,118
5.00%, 11/01/27 (c)		1,000			619,660
5.00%, 11/01/27 (c)		470			291,388
Berks County Municipal Authority, Reading Hospital and Medical Center Project, Series A (RB) 5.00%, 05/19/23 (c)		1,000			618,758
Berks County Municipal Authority, Tower Health Project (RB) 4.00%, 11/01/27 (c)		3,425			1,724,566
Berks County Municipal Authority, Tower Health Project, Series A (RB)
5.00%, 02/01/27		1,000			649,783
5.00%, 02/01/30		860			532,989
Berks County Municipal Authority, Tower Health Project, Series B-2 (RB) 5.00%, 02/01/27 (c) (p)		6,000			3,898,700
Berks County Municipal Authority, Tower Health Project, Series B-3 (RB) 5.00%, 02/01/30 (c) (p)		670			415,235

	Par (000’s		)	Value
Pennsylvania (continued)
Bucks County Industrial Development Authority Hospital (RB) 4.00%, 07/01/31 (c)	$	1,000		$	773,516
Butler County Hospital Authority, Butler Health System Project, Series A (RB) 5.00%, 07/01/25 (c)		1,465			1,419,060
Central Texas Regional Mobility Authority, Subordinated Lien, Series G (RB) 6.00%, 10/01/24 (c)		1,000			962,159
Chester County Health and Education Facilities Authority, Immaculata University Project (RB) 5.00%, 11/01/27 (c)		430			344,516
Chester County Health and Education Facilities Authority, Simpson Senior Services Project, Series A (RB) 5.25%, 12/01/25 (c)		440			385,193
Chester County Industrial Development Authority, Woodland at Greystone Project (SA)
5.00%, 03/01/28 (c)		1,300			1,270,548
5.12%, 03/01/28 (c)		1,989			1,858,903
County of Albemarle, Industrial Development Authority Environmental Improvement, United States Steel Corp. Project (RB) 4.88%, 11/01/24		1,500			1,506,331
County of Cumberland, Diakon Lutheran Social Ministries (RB) 4.00%, 01/01/25 (c)		185			174,749
Crawford County Hospital Authority, Meadville Medical Center Project, Series A (RB)
6.00%, 06/01/26 (c)		440			449,666
6.00%, 06/01/26 (c)		345			350,363
Cumberland County Municipal Authority (RB) 5.00%, 01/01/25 (c)		3,000			2,573,785
Dauphin County General Authority University, Harrisburg University of Science and Technology Project (RB)
5.00%, 10/15/27		500			495,080
6.25%, 10/15/28 (c)		3,200			3,215,975
Delaware County Industrial Development Authority, Chester Community Charter School Project, Series A (RB) 5.12%, 06/01/26 (c)		395			368,904

	Par (000’s		)	Value
Pennsylvania (continued)
Delaware Valley, Pennsylvania Regional Finance Authority, Series A (RB) (AMBAC) 5.50%, 08/01/28	$	1,000		$	1,128,721
Doylestown Hospital Authority, Series A (RB) (SBG) 5.00%, 07/01/23 (c)		1,000			952,498
Erie Pennsylvania Higher Education Building Authority, Mercyhurst University Project (RB) 5.00%, 09/15/26 (c)		1,000			940,300
Franklin County Industrial Development Authority, Menno-Haven, Inc. Project (RB)
5.00%, 12/01/25 (c)		215			166,325
5.00%, 12/01/25 (c)		500			397,191
Lancaster County Hospital Authority, Brethren Village Project (RB) 5.12%, 07/01/27 (c)		1,000			922,595
Lancaster County Hospital Authority, St. Anne’s Retirement Community, Inc. Project (RB)
5.00%, 03/01/27 (c)		425			337,740
5.00%, 03/01/27 (c)		310			253,957
5.00%, 03/01/27 (c)		425			363,412
McCandless Industrial Development Authority, LA Roche University Project, Series A (RB) 6.75%, 12/01/32 (c)		1,000			952,467
Montgomery County Higher Education and Health Authority, Holy Redeemer Health System, Series A (RB) 5.00%, 10/01/26 (c)		5,150			4,902,391
Montgomery County Higher Education and Health Authority, Presbytery Homes, Inc. Project (RB) 5.00%, 12/01/24 (c)		2,000			1,830,789
Montgomery County Higher Education and Health Authority, Thomas Jefferson University, Series B (RB) 5.00%, 05/01/32 (c)		4,800			4,970,884
Montgomery County Industrial Development Authority, Whitemarsh Continuing Care Retirement Community Project (RB)
5.00%, 01/01/25 (c)		150			145,364
5.25%, 01/01/25 (c)		870			791,539

	Par (000’s		)	Value
Pennsylvania (continued)
Moon Industrial Development Authority, Baptist Homes Society (RB)
5.62%, 07/01/25 (c)	$	300		$	277,036
5.75%, 07/01/25 (c)		2,000			1,765,890
6.00%, 07/01/25 (c)		590			492,238
Northampton County Industrial Development Authority, Morningstar Senior Living, Inc. Project (RB) 5.00%, 11/01/26 (c)		1,000			896,179
Pennsylvania Economic Development Financing Authority, Tapestry Moon Senior Housing Project, Series A (RB)
6.50%, 12/01/28 (c) (d) *		3,040			1,159,000
6.75%, 12/01/28 (c) (d) *		6,470			2,466,688
Pennsylvania Economic Development Financing Authority, The Penndot Major Bridges Package One Project (RB)
5.25%, 12/31/32 (c)		8,000			8,294,019
5.50%, 12/31/32 (c)		3,000			3,290,090
5.50%, 12/31/32 (c)		2,000			2,166,583
5.75%, 12/31/32 (c)		2,000			2,184,941
6.00%, 12/31/32 (c)		1,000			1,118,931
Pennsylvania Economic Development Financing Authority, The Pennsylvania Rapid Bridge Replacement Project (RB)
5.00%, 12/31/24		550			557,938
5.00%, 12/31/25		1,105			1,132,524
5.00%, 06/30/26 (c)		575			593,683
5.00%, 06/30/26 (c)		500			502,553
5.00%, 06/30/26 (c)		1,485			1,531,369
5.00%, 06/30/26 (c)		410			423,088
Pennsylvania Higher Educational Facilities Authority, La Salle University (RB)
5.00%, 05/30/23 (c)		1,000			825,356
5.00%, 05/30/23 (c)		1,915			1,690,568
Pennsylvania Higher Educational Facilities Authority, Thomas Jefferson University, Series A (RB) 5.25%, 03/01/25 (c)		3,825			3,862,267
Pennsylvania Turnpike Commission, Series B (RB) (BAM) 4.00%, 12/01/31 (c)		2,840			2,883,191

	Par (000’s		)	Value
Pennsylvania (continued)
Philadelphia Authority for Industrial Development, First Philadelphia Preparatory Charter School Project, Series A (RB) 7.25%, 06/15/24 (c)	$	1,000		$	1,031,394
Philadelphia Authority for Industrial Development, Greater Philadelphia Health Action, Inc. Project, Series A (RB)
6.38%, 06/01/25 (c)		440			420,817
6.50%, 06/01/25 (c)		440			422,084
6.62%, 06/01/25 (c)		415			400,571
Philadelphia Authority for Industrial Development, Independence Charter School West Project (RB) 5.00%, 12/15/26 (c)		355			344,280
Philadelphia Authority for Industrial Development, Independence Charter School West Project (RB) (SAW) 4.00%, 12/15/26 (c)		350			334,394
Philadelphia Authority for Industrial Development, LA Salle University (RB) 4.00%, 11/01/27 (c)		2,000			1,419,412
Philadelphia Authority for Industrial Development, Performing Arts, String Theory Charter School Project (RB)
5.00%, 06/15/28 (c)		1,000			961,207
5.00%, 06/15/28 (c)		500			502,212
Philadelphia Authority for Industrial Development, Temple University (RB) 5.00%, 04/01/25 (c)		3,000			3,099,099
Philadelphia Authority for Industrial Development, Temple University, First Series (RB) 5.00%, 04/01/25 (c)		5,695			5,780,335
Philadelphia Authority for Industrial Development, Wesley Enhanced Living Obligation Group, Series A (RB) 5.00%, 07/01/27 (c)		735			673,459
Philadelphia Hospitals and Higher Education Facilities Authority, Temple University Health System (RB) 5.00%, 07/01/27 (c)		1,000			1,038,939
Philadelphia Hospitals and Higher Education Facilities Authority, Temple University Health System, Series A (RB) 5.00%, 07/01/27 (c)		1,240			1,292,013

	Par (000’s		)	Value
Pennsylvania (continued)
5.00%, 07/01/27 (c)	$	220		$	228,945
Philadelphia, Pennsylvania Hospital & Higher Education Facilities Authority, Temple University Health System Obligation Group (RB) (AGM) 5.00%, 07/01/32 (c)		2,470			2,692,759
Reading Pennsylvania School District (GO) (AGM) 5.00%, 03/01/27 (c)		1,535			1,634,318
School District of Philadelphia, Series A (GO) (AGM-CR FGIC ST AID WITHHLDG) 5.00%, 06/01/24		1,010			1,026,386
Scranton Pennsylvania (GO) 5.00%, 05/15/24 (c)		1,000			1,002,006
Scranton Redevelopment Authority, Series A (RB) 5.00%, 05/15/24 (c)		220			217,071
Scranton-Lackawanna, Pennsylvania Health and Welfare Authority (RB) 5.00%, 06/01/26 (c)		1,500			1,423,908
The School District of Philadelphia, Series F (GO) (SAW) 5.00%, 09/01/26		3,000			3,181,786
					120,024,954
Puerto Rico: 8.2%
Cofina Class 2 Trust (RB) (AMBAC) 0.00%, 08/01/47 ^		80			21,877
Puerto Rico Commonwealth Aqueduct and Sewer Authority, Series A (RB)
4.00%, 07/01/31 (c)		7,365			6,260,560
4.00%, 07/01/32 (c)		2,040			1,734,086
5.00%, 07/01/30 (c)		2,000			1,999,864
5.00%, 07/01/30 (c)		15,000			14,488,830
5.00%, 07/01/30		7,500			7,603,155
5.00%, 07/01/32 (c)		4,290			4,246,804
6.12%, 07/01/24		105			106,228
Puerto Rico Commonwealth Aqueduct and Sewer Authority, Series B (RB)
5.00%, 07/01/29		3,000			3,047,489
5.00%, 07/01/31 (c)		3,500			3,511,400
5.00%, 07/01/31 (c)		2,000			1,979,862
Puerto Rico Commonwealth Highway and Transportation Authority, Series A (RB) 5.00%, 07/01/32 (c)		10,000			9,658,031
Puerto Rico Commonwealth, Series A-1 (GO)
4.00%, 07/01/31 (c)		8,260			6,957,043
4.00%, 07/01/31 (c)		5,425			4,415,180
Puerto Rico Commonwealth, Series A-1 (GO) (BAM-TCRS) 4.00%, 07/01/31 (c)		13,570			12,447,312

	Par (000’s		)	Value
Puerto Rico (continued)
4.00%, 07/01/31 (c)	$	15,073		$	13,519,660
4.00%, 07/01/31 (c)		13,000			11,389,669
5.62%, 07/01/27		4,000			4,173,495
5.75%, 07/01/31		10,055			10,784,242
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority, Series A (RB) 6.62%, 05/30/23 (c)		100			101,455
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority, University Plaza Project, Series A (RB) (NATL) 5.00%, 07/01/23 (c)		20			19,773
Puerto Rico Sales Tax Financing Corp., Series A-1 (RB)
0.00%, 07/01/24 ^		5,772			5,490,022
4.50%, 07/01/25 (c)		5,000			5,014,244
5.00%, 07/01/28 (c)		31,530			30,445,459
Puerto Rico Sales Tax Financing Corp., Series A-1 (RB) (AGC) 4.55%, 07/01/28 (c)		6,662			6,380,363
Puerto Rico Sales Tax Financing Corp., Series A-1 (RB) (AMBAC) 4.75%, 07/01/28 (c)		23,559			22,088,120
Puerto Rico Sales Tax Financing Corp., Series A-2 (RB)
4.33%, 07/01/28 (c)		12,303			11,470,176
4.33%, 07/01/28 (c)		26,108			24,340,676
4.55%, 07/01/28 (c)		6,432			6,160,086
					229,855,161
Rhode Island: 0.3%
Rhode Island Health and Educational Building Corp., Care New England Issue, Series B (RB)
5.00%, 09/01/26 (c)		3,750			3,559,247
5.00%, 09/01/26		100			100,356
Rhode Island Health and Educational Building Corp., Care New England, Series B (RB) 5.00%, 09/01/26 (c)		500			494,287
Rhode Island Health and Educational Building Corp., Lifespan Obligated Group Issue (RB)
5.00%, 05/15/26 (c)		690			695,385
5.00%, 05/15/26 (c)		1,000			1,026,064
Tobacco Settlement Financing Corp., Series A (RB) 5.00%, 06/01/25 (c)		1,650			1,663,621

	Par (000’s		)	Value
Rhode Island (continued)
Tobacco Settlement Financing Corp., Series B (RB) 5.00%, 06/01/25 (c)	$	2,000		$	1,984,660
					9,523,620
South Carolina: 0.5%
Berkeley County, South Carolina Nexton Improvement District (SA) 4.38%, 11/01/29 (c)		800			658,814
Piedmont Municipal Power Agency, South Carolina Electric, Series C (RB) 5.00%, 01/01/27 (c)		1,000			1,060,975
SCAGO Educational Facilities Corp. for Pickens School District (RB) 5.00%, 06/01/25 (c)		1,425			1,476,064
South Carolina Jobs-Economic Development Authority, Hampton Medical Center Project (RB)
5.00%, 11/01/24 (c)		500			516,398
5.00%, 11/01/24 (c)		650			655,002
South Carolina Jobs-Economic Development Authority, High Point Academy Project, Series A (RB)
5.75%, 12/15/26 (c)		500			504,343
5.75%, 12/15/26 (c)		500			508,604
South Carolina Jobs-Economic Development Authority, South Carolina Episcopal Home at Still Hopes (RB) 5.00%, 04/01/25 (c)		3,000			2,534,276
South Carolina Jobs-Economic Development Authority, South Carolina Episcopal Home at Still Hopes, Series A (RB) (AGM) 5.00%, 04/01/24 (c)		1,000			839,796
South Carolina Jobs-Economic Development Authority, The Lutheran Homes of South Carolina, Inc. (RB) 5.00%, 05/30/23 (c)		320			260,238
South Carolina Jobs-Economic Development Authority, The Woodlands at Furman (RB)
4.00%, 11/15/24 (c)		255			246,063
5.25%, 11/15/24 (c)		2,000			1,840,055
South Carolina Ports Authority (RB) 5.25%, 07/01/25 (c)		1,515			1,573,670
South Carolina State Ports Authority, Series A (RB) 5.00%, 07/01/29 (c)		2,250			2,367,898
					15,042,196

	Par (000’s		)	Value
South Dakota: 0.1%
City of Sioux Falls, Dow Rummel Village Project (RB)
5.00%, 11/01/26 (c)	$	750		$	644,425
5.00%, 11/01/26 (c)		500			426,824
County of Lincoln, South Dakota Economic Development, Augustana College Association Project, Series A (RB)
4.00%, 08/01/31 (c)		1,100			866,008
4.00%, 08/01/31 (c)		1,550			1,261,703
					3,198,960
Tennessee: 0.7%
Blount County, Health and Educational Facilities Board, Series A (RB) 5.00%, 01/01/25 (c) (d) *		740			444,000
Bristol Industrial Development Board, Pinnacle Project, Series A (RB) 5.00%, 12/01/26 (c)		2,000			1,884,789
Chattanooga Health, Educational and Housing Facility Board, Series A-2 (RB) 5.00%, 08/01/29 (c)		310			320,232
Chattanooga-Hamilton County Hospital, Erlanger Health System, Series A (RB) 5.00%, 10/01/24 (c)		6,180			6,198,203
Knox County Health Educational and Housing Facility Board (RB)
4.00%, 09/01/26 (c)		290			245,282
4.00%, 09/01/26 (c)		295			275,159
5.00%, 04/01/27 (c)		645			669,215
Metropolitan Government of Nashville and Davidson County, Health and Educational Facilities Board, Lipscomb University Project, Series A (RB) 5.25%, 10/01/29 (c)		2,450			2,358,347
Tennessee Energy Acquisition Corp., Series B (RB) 5.62%, 09/01/26		7,000			7,264,537
The Health, Educational and Housing Facility Board of the City of Chattanooga, CommonSpirit Health, Series A-1 (RB) 4.00%, 08/01/29 (c)		200			197,222
					19,856,986

	Par (000’s		)	Value
Texas: 5.8%
Angelina and Neches River Authority, Industrial Development Corp., Solid Waste Disposal and Wastewater Treatment Facilities, Series A (RB) 7.50%, 06/01/28 (c)	$	1,500		$	998,666
Arlington Higher Education Finance Corp., Legacy Traditional School - Texas Project, Series A (RB) 6.75%, 02/15/30 (c)		5			4,912
Austin Convention Enterprises, Inc., Convention Center Hotel, First Tier, Series A (RB) 5.00%, 01/01/27 (c)		500			515,145
Austin Convention Enterprises, Inc., Convention Center Hotel, First Tier, Series A (RB) (SAW) 5.00%, 01/01/27		280			287,442
Austin Convention Enterprises, Inc., Convention Center Hotel, Second Tier, Series B (RB)
5.00%, 01/01/26		715			714,551
5.00%, 01/01/27 (c)		500			503,441
Board of Managers, Joint Guadalupe County, City of Seguin Hospital (RB)
5.00%, 12/01/25 (c)		215			199,405
5.00%, 12/01/25 (c)		610			583,165
Brazoria County Industrial Development Corp., Texas Solid Waste Disposal Facilities, Gladieux Recycling, LLC Project (RB) (SAW) 8.50%, 03/01/26 (c)		4,215			3,812,123
Brazoria County Industrial Development Corp., Texas Solid Waste Disposal Facilities, Gladieux Recycling, LLC Project (RB) (SBG) 7.00%, 03/01/26 (c)		1,850			1,718,068
Calhoun County Navigation Industrial Development Authority, Max Midstream Texas LLC Project, Series A (RB) 3.62%, 07/01/24 (c)		2,700			2,458,713
Central Texas Regional Mobility Authority, Series C (RB) 5.00%, 01/01/26 (c)		7,000			7,363,306
Central Texas Regional Mobility Authority, Subordinated Lien, Series G (RB)
4.00%, 01/01/30 (c)		5,690			5,116,192
4.00%, 01/01/30 (c)		1,500			1,368,095

	Par (000’s		)	Value
Texas (continued)
City of Houston, Airport System, United Airlines, Inc. Terminal E Project (RB) 5.00%, 07/01/24 (c)	$	5,000		$	5,015,669
City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., Series B-1 (RB)
4.00%, 07/15/29 (c)		4,645			4,030,749
5.00%, 07/15/25 (c)		2,650			2,648,356
City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., Series C (RB)
5.00%, 07/15/27		5,590			5,648,036
5.00%, 07/15/28		2,500			2,537,954
City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., Technical Operations Center Project (RB) 5.00%, 07/15/28		1,000			1,015,182
City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., Terminal E Project (RB) 4.75%, 07/01/24		5,010			5,013,722
City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., Terminal Improvement Projects, Series B-1 (RB) 5.00%, 07/15/25 (c)		4,335			4,355,582
City of New Braunfels, Utility System (RB) 4.00%, 07/01/28 (c)		445			426,152
Clifton Higher Education Finance Corp., Series A (RB)
5.12%, 08/15/25 (c)		730			732,048
5.50%, 08/15/25 (c)		610			613,714
Clifton Higher Education Finance Corp., Series D (RB)
5.75%, 08/15/25 (c)		500			508,720
6.00%, 08/15/25 (c)		500			506,108
Comal Independent School District (GO) 4.00%, 05/30/23 (c)		3,275			3,276,650
Conroe Local Government Corp., Conroe Convention Center Hotel, Series A (RB) 4.00%, 10/01/31 (c)		2,035			1,653,615
Dallas County Flood Control District No. 1 (GO) 5.00%, 05/30/23 (c)		850			850,272
Dallas Texas Housing Finance Corp. Residential Development, The Briscoe Apartments, Series A (RB) 6.00%, 12/01/37 (c)		1,000			1,030,783

	Par (000’s		)	Value
Texas (continued)
El Paso County Hospital District (GO) 5.00%, 08/15/23 (c)	$	4,680		$	4,679,298
Gulf Coast Industrial Development Authority, CITGO Petroleum Corp. Project (RB) 4.88%, 05/30/23 (c)		2,265			2,252,047
Harris County, Houston Sports Authority, Junior Lien, Series H (RB) (NATL)
0.00%, 11/15/25 ^		495			449,803
0.00%, 11/15/27 ^		590			498,882
0.00%, 11/15/29 ^		1,405			1,098,934
0.00%, 11/15/30 ^		115			86,120
0.00%, 11/15/31 (c) ^		170			63,924
0.00%, 11/15/31 (c) ^		145			58,584
0.00%, 11/15/31 (c) ^		120			64,553
0.00%, 11/15/31 (c) ^		350			162,359
0.00%, 11/15/31 (c) ^		705			470,587
0.00%, 11/15/31 (c) ^		1,140			400,598
Harris County, Houston Sports Authority, Third Lien, Series A-3 (RB) (NATL)
0.00%, 11/15/24 (c) ^		335			164,211
0.00%, 11/15/24 (c) ^		100			62,580
Love Field Airport Modernization Corp., Southwest Airlines Co. (RB) 5.00%, 05/30/23 (c)		3,000			3,000,456
Lower Colorado River Authority (RB) 5.00%, 05/30/23 (c)		1,000			999,948
Matagorda County Navigation District No. 1, Series A (RB) (AMBAC) 4.40%, 05/01/30		1,035			1,042,225
Mesquite Health Facility Development Corp., Christian Care Centers, Inc. Project (RB) (NATL)
5.12%, 02/15/24 (c) (d) *		1,035			31,039
5.12%, 02/15/24 (c) (d) *		265			7,945
Mission Economic Development Corp., Senior Lien, Natgasoline Project (RB) 4.62%, 05/19/23 (c)		11,500			11,237,138
Montgomery County Toll Road Authority (RB) 5.00%, 09/15/25 (c)		1,000			1,003,047
New Hope Cultural Education Facilities Finance Corp., 4-K Housing, Inc. Stoney Brook Project, Series B (RB) 5.00%, 07/01/25 (c) (d) *		235			105,750

	Par (000’s		)	Value
Texas (continued)
New Hope Cultural Education Facilities Finance Corp., Cardinal Bay, Inc., Series C (RB) 5.50%, 07/01/26 (c)	$	1,595		$	717,750
New Hope Cultural Education Facilities Finance Corp., Carillon Lifecare Community Project (RB) 5.00%, 07/01/24 (c)		230			186,382
New Hope Cultural Education Facilities Finance Corp., CHF - Collegiate Housing College Station I, L.L.C - Texas A&M University Project, Series A (RB) (AGM) 5.00%, 04/01/24 (c)		1,105			1,110,273
New Hope Cultural Education Facilities Finance Corp., Jubilee Academic Center (RB) 4.00%, 08/15/31 (c)		2,315			1,811,460
New Hope Cultural Education Facilities Finance Corp., Legacy Preparatory Charter Academy, Series A (RB) 5.25%, 05/30/23 (c)		190			191,474
New Hope Cultural Education Facilities Finance Corp., MRC Senior Living - The Langford Project, Series A (RB) 5.50%, 11/15/26 (c)		750			617,367
New Hope Cultural Education Facilities Finance Corp., NCCD-College Station Properties LLC, Series A (RB)
5.00%, 07/01/24		115			97,750
5.00%, 07/01/25 (c)		440			374,000
5.00%, 07/01/25 (c)		100			85,000
New Hope Cultural Education Facilities Finance Corp., Presbyterian Village North Project (RB) 5.25%, 10/01/25 (c)		1,000			806,820
New Hope Cultural Education Facilities Finance Corp., Quality Senior Housing Foundation of East Texas, Series A-1 (RB)
5.00%, 12/01/26 (c)		1,000			869,166
5.00%, 12/01/26 (c)		2,045			1,811,934
New Hope Cultural Education Facilities Finance Corp., Sanctuary LTC Project, Series A-1 (RB) 5.50%, 01/01/28 (c)		2,800			2,009,211
New Hope Cultural Education Facilities Finance Corp., Wesleyan Homes, Inc. Project (RB) 5.00%, 01/01/26 (c)		250			184,086

	Par (000’s		)	Value
Texas (continued)
5.00%, 01/01/26 (c)	$	250		$	179,780
5.50%, 01/01/25 (c)		1,000			906,872
North East Texas Regional Mobility Authority, Series B (RB) 5.00%, 01/01/26 (c)		400			402,371
Port Beaumont Navigation District, Allegiant Industrial Island Park Project (RB) 8.00%, 02/01/26 (c)		2,825			2,707,747
Pottsboro Higher Education Finance Corp., Imagine International Academy of North Texas LLC, Series A (RB)
5.00%, 08/15/26 (c)		400			366,039
5.00%, 08/15/26 (c)		400			384,202
Reagan Hospital District, Series A (GO) 5.12%, 02/01/24 (c)		1,000			1,010,198
San Antonio Education Facilities Corp., University of Incarnate Word Project, Series A (RB) 4.00%, 04/01/31 (c)		1,000			812,397
Sanger Industrial Development Corp., Texas Pellets Project, Series B (RB) 8.00%, 05/30/23 (c) (d) *		9,900			2,475,000
Tarrant County Cultural Education Facilities Finance Corp., Air Force Villages Obligated Group Project (RB) 5.00%, 05/15/24 (c)		125			112,700
Tarrant County Cultural Education Facilities Finance Corp., C.C. Young Memorial Home Project, Series A (RB) 6.38%, 02/15/27 (c) (d) *		535			294,250
Texas Municipal Gas Acquisition & Supply Corp. III (RB)
5.00%, 12/15/29		1,375			1,440,813
5.00%, 12/15/31		2,920			3,073,750
5.00%, 12/15/32		3,425			3,617,965
Texas Municipal Gas Acquisition and Supply Corp. III (RB) 5.00%, 12/15/28		925			963,611
Texas Private Activity Bond Surface Transportation Corp. Toll, Blueridge Transportation Group, LLC SH 288 Toll Lanes Project (RB) 5.00%, 12/31/25 (c)		1,650			1,641,876
Texas Private Activity Bond Surface Transportation Corp., Blueridge Transportation Group LLC Project (RB) 5.00%, 12/31/25 (c)		230			232,096

	Par (000’s		)	Value
Texas (continued)
5.00%, 12/31/25 (c)	$	2,000		$	2,001,123
5.00%, 12/31/25 (c)		460			461,584
Texas Private Activity Bond Surface Transportation Corp., Managed Lanes Project, Series A (RB)
4.00%, 12/31/30 (c)		1,700			1,627,487
4.00%, 12/31/30 (c)		3,175			3,058,904
Texas Private Activity Bond Surface Transportation Corp., NTE Mobility Partners LLC Project (RB)
5.00%, 06/30/29 (c)		9,505			9,538,851
6.75%, 09/01/23 (c)		5,000			5,041,118
7.00%, 09/01/23 (c)		515			519,909
Texas Private Activity Bond Surface Transportation Corp., NTE Mobility Partners LLC Project, Series A (RB) 4.00%, 12/31/29 (c)		500			479,068
Texas Transportation Commission, Central Texas Turnpike System, Series C (RB)
5.00%, 08/15/24 (c)		600			612,614
5.00%, 08/15/24 (c)		6,735			6,834,076
Town of Westlake, Solana Public Improvement District (SA)
6.12%, 09/01/25 (c)		1,000			997,757
6.25%, 09/01/25 (c)		1,000			997,572
6.38%, 09/01/25 (c)		1,000			998,272
Woodloch Health Facilities Development Corp., Series A-1 (RB) 6.75%, 12/01/24 (c) (d) *		4,980			3,635,400
					161,744,639
Utah: 0.2%
Mida Mountain Village Public Infrastructure District, Mountain Village Assessment Area, Series A (SA) 5.00%, 08/01/30 (c)		2,000			1,627,342
Utah Charter School Finance Authority, Freedom Academy Foundation Project (RB)
5.25%, 06/15/27 (c)		1,500			1,460,543
5.38%, 06/15/27 (c)		2,195			2,050,296
					5,138,181
Vermont: 0.0%
Vermont Economic Development Authority, Wake Robin Corp. Project, Series A (RB) (FHLMC COLL) 4.00%, 05/01/28 (c)		500			420,925

	Par (000’s		)	Value
Virgin Islands: 0.5%
Matching Fund Special Purpose Securitization Corp., Virgin Island, Series A (RB)
5.00%, 10/01/28	$	1,000		$	1,019,487
5.00%, 10/01/32 (c)		5,000			4,922,793
5.00%, 10/01/32		4,010			4,069,946
Virgin Islands Public Finance Authority, Virgin Islands Gross Receipts Taxes Loan Note (RB) (NATL) 4.25%, 05/30/23 (c)		720			727,474
Virgin Islands Public Finance Authority, Virgin Islands Gross Receipts Taxes Loan Note, Series C (RB) 4.50%, 10/01/24 (c)		550			380,804
Virgin Islands Public Finance Authority, Virgin Islands Gross Receipts Taxes, Series C (RB) 5.00%, 10/01/24 (c)		1,000			898,328
Virgin Islands Water & Power Authority, Series B (RB)
5.00%, 05/30/23 (c)		1,070			1,026,958
5.00%, 05/30/23 (c)		1,170			1,129,831
5.00%, 05/30/23 (c)		170			162,645
5.00%, 05/30/23 (c)		65			63,339
					14,401,605
Virginia: 1.6%
Bristol Industrial Development Authority, Series B (RB) 6.35%, 11/01/24 (c) (d) *		250			143,408
Cherry Hill Community Development Authority, Potomac Shores Project (SA) 5.15%, 03/01/25 (c)		200			200,158
Chesapeake Bay Bridge and Tunnel District, First Tier (RB)
5.00%, 07/01/26 (c)		8,000			8,166,641
5.00%, 07/01/26 (c)		1,025			1,043,128
City of Chesapeake, Chesapeake Transportation System, Series A (RB) 5.00%, 05/30/23 (c)		380			380,215
City of Hopewell, Sewer System, Series A (RB) 5.00%, 05/30/23 (c)		240			240,132
Farmville Industrial Development Authority, Educational Facilities, Longwood University Student Housing Projects, Series A (RB)
5.00%, 07/01/30 (c)		1,000			945,977
5.00%, 07/01/30 (c)		1,500			1,448,489
Hampton Roads Transportation Accountability Commission (RB) 5.00%, 07/01/26		1,395			1,492,407

	Par (000’s		)	Value
Virginia (continued)
Lynchburg Economic Development Authority, Central Health, Inc., Series A (RB) 5.00%, 01/01/27 (c)	$	2,500		$	2,553,143
Peninsula Town Center Community Development Authority (RB) 5.00%, 09/01/27 (c)		500			491,931
Roanoke County Economic Development Authority, Series B (RB) 4.62%, 09/01/29 (c) (d) (p) *		1,000			790,745
Roanoke Economic Development Authority, Residential Care Facility (RB) 5.00%, 09/01/27 (c) (d) *		500			337,919
Roanoke Economic Development Authority, Residential Care Facility, Series A (RB) 5.38%, 09/01/26 (c) (d) *		3,500			2,255,012
Virginia College Building Authority, Marymount University Project, Series B (RB) 5.25%, 07/01/25 (c)		1,300			1,312,331
Virginia Small Business Financing Authority, Residential Care Facilities, Lifespire of Virginia (RB) (AGM) 4.00%, 12/01/26 (c)		1,000			870,821
Virginia Small Business Financing Authority, Senior Lien 95 Express Lanes, LLC Project (RB)
4.00%, 01/01/32 (c)		3,925			3,398,524
4.00%, 01/01/32 (c)		1,000			910,076
4.00%, 01/01/32 (c)		1,000			908,463
4.00%, 01/01/32 (c)		1,250			1,149,616
5.00%, 01/01/32 (c)		500			542,012
Virginia Small Business Financing Authority, Senior Lien I-495 Hot Lanes Project (RB) 5.00%, 12/31/32 (c)		2,000			2,007,935
Virginia Small Business Financing Authority, Senior Lien Transform 66 P3 Project (RB) 5.00%, 06/30/27 (c)		12,220			12,062,267
Wise County Industrial Development Authority, Virginia Electric and Power Co. Project, Series A (RB) (AGC) 0.75%, 09/02/25 (p)		1,000			918,192
					44,569,542

	Par (000’s		)	Value
Washington: 1.4%
Kalispel Tribe Indians Priority, Series A (RB)
5.00%, 01/01/28 (c)	$	250		$	258,090
5.25%, 01/01/28 (c)		250			258,086
King County Public Hospital District No. 4, Snoqualmie Valley Hospital, Series A (RB)
5.75%, 12/01/25 (c)		500			514,131
6.00%, 12/01/25 (c)		500			515,428
6.25%, 12/01/25 (c)		250			256,930
Washington Health Care Facilities Authority, CommonSpirit Health, Series A-1 (RB) 4.00%, 08/01/29 (c)		100			94,128
Washington Health Care Facilities Authority, Virginia Mason Medical Center (RB)
5.00%, 08/15/27 (c)		205			212,228
5.00%, 08/15/27 (c)		3,000			3,044,546
Washington State Convention Center Public Facilities District, Series B (RB)
3.00%, 07/01/31 (c)		2,500			1,592,954
3.00%, 07/01/31 (c)		3,000			2,073,835
3.00%, 07/01/31 (c)		1,000			889,055
3.00%, 07/01/31 (c)		4,400			2,803,599
4.00%, 07/01/31 (c)		3,745			3,208,583
4.00%, 07/01/31 (c)		5,945			4,913,789
Washington State Housing Finance Commission, Bayview Manor Senior Project, Series A (RB)
5.00%, 07/01/24 (c)		150			131,492
5.00%, 07/01/24 (c)		2,150			1,676,650
Washington State Housing Finance Commission, Eliseo Project, Series A (RB) 4.00%, 01/01/28 (c)		1,000			785,766
Washington State Housing Finance Commission, Presbyterian Retirement Communities Northwest Projects, Series A (RB)
5.00%, 01/01/25 (c)		2,495			1,819,126
5.00%, 01/01/25 (c)		2,125			1,762,284
Washington State Housing Finance Commission, Series A (RB) 3.50%, 12/20/35		1,944			1,826,292
Washington State Housing Finance Commission, Transforming Age Projects, Series A (RB) 5.00%, 07/01/26 (c)		7,000			5,001,922
Washington State Housing Finance Commission, Wesley Homes at Lea Hill Project (RB) 5.00%, 07/01/26 (c)		500			415,476

	Par (000’s		)	Value
Washington (continued)
5.00%, 07/01/26 (c)	$	1,250		$	1,013,146
Washington State, Convention Center Public Facilities District (RB) 4.00%, 07/01/31		2,700			2,612,514
Washington State, Convention Center Public Facilities District, Series B (RB) (AGM) 4.00%, 07/01/31 (c)		1,000			997,639
Washington State, Housing Finance Commission, Presbyterian Retirement Communities Northwest Projects, Series A (RB) 3.75%, 07/01/26		1,115			1,057,427
					39,735,116
West Virginia: 0.3%
County of Ohio, Fort Henry Centre Tax Increment Financing District No. 1, The Highlands Project (TA) 4.00%, 05/30/23 (c)		760			698,518
Harrison County Building Commission, General Services Administration Building Project (RB)
3.12%, 10/01/27 (c)		700			490,361
3.25%, 10/01/27 (c)		820			563,571
3.50%, 10/01/27 (c)		1,000			853,219
Monongalia County Commission Excise Tax District, Series A (RB) 4.12%, 06/01/31 (c)		2,500			2,224,676
West Virginia Economic Development Authority, Arch Resources Project (RB) 5.00%, 07/01/25 (c) (p)		1,900			1,903,776
West Virginia Economic Development Authority, West Virginia Lottery (RB) 4.00%, 06/15/27 (c)		1,600			1,652,129
					8,386,250
Wisconsin: 2.6%
Public Finance Authority Educational Facilities, Charter Day School, Inc. Project, Series A (RB) 5.00%, 12/01/27 (c)		1,000			801,516
Public Finance Authority Refunding, Searstone CCRC Project, Series A (RB) 5.51%, 06/01/23 (c)		1,000			1,041,435
Public Finance Authority, Bancroft Neurohealth Project, Series A (RB) 5.12%, 06/01/26 (c)		250			220,922

	Par (000’s		)	Value
Wisconsin (continued)
Public Finance Authority, Carson Valley Medical Center, Series A (RB) (SAW) 4.00%, 12/01/31 (c)	$	5,250		$	4,088,771
Public Finance Authority, Cornerstone Charter Academy, Series A (RB)
5.00%, 02/01/26 (c)		495			473,804
5.12%, 02/01/26 (c)		500			463,562
Public Finance Authority, Corvian Community School Project, Series A (RB)
4.25%, 06/15/24 (c)		460			438,946
5.00%, 06/15/26 (c)		500			442,821
5.00%, 06/15/26 (c)		500			471,430
Public Finance Authority, Educational Facilities, Charter Day School, Inc. Project (RB) 5.00%, 12/01/27 (c)		1,390			1,297,483
Public Finance Authority, Educational Facilities, Lake Erie College Project, Series A (RB) 5.88%, 10/01/29 (c)		1,000			842,312
Public Finance Authority, Grand Hyatt San Antonio Hotel Acquisition Project, Series A (RB)
5.00%, 02/01/32 (c)		3,500			3,452,248
5.75%, 02/01/32 (c)		1,000			997,529
Public Finance Authority, Healthcare Facility Expansion, Church Home of Hartford, Inc. Project, Series A (RB)
5.00%, 09/01/24 (c)		1,500			1,357,864
5.00%, 09/01/25		75			74,539
Public Finance Authority, Living Community First Mortgage (RB)
4.25%, 05/01/27 (c)		415			367,904
5.00%, 03/01/28 (c)		1,250			1,139,021
Public Finance Authority, Lombard Conference and Hotel Center, Second-Tier (RB) (ACA) 3.75%, 03/15/28 (c) (d) *		890			516,753
Public Finance Authority, Maryland Proton Treatment Center, Series A-1 (RB) 6.25%, 01/01/28 (c)		500			307,500
Public Finance Authority, McLemore Hotel & Conference Center, Series A (RB) 4.50%, 06/01/28 (c)		4,000			3,003,606

	Par (000’s		)	Value
Wisconsin (continued)
Public Finance Authority, North Carolina Charter Educational Foundation Project, Series A (RB) 5.00%, 06/15/26 (c)	$	1,000		$	868,384
Public Finance Authority, Penick Village (RB)
4.00%, 09/01/26 (c)		425			375,193
5.00%, 09/01/26 (c)		500			417,644
5.00%, 09/01/26 (c)		500			382,389
Public Finance Authority, Prime Healthcare Foundation, Inc., Series A (RB) 5.20%, 12/01/27 (c)		1,405			1,440,941
Public Finance Authority, Rider University Project, Series A (RB) 4.50%, 01/01/31 (c)		1,920			1,496,510
Public Finance Authority, Roseman University of Health Sciences Project (RB) 5.88%, 04/01/25 (c)		1,000			1,015,914
Public Finance Authority, Sky Harbour Capital LLC, Aviation Facilities Project (RB)
4.00%, 07/01/31 (c)		500			391,285
4.00%, 09/01/31 (c)		1,500			1,162,186
4.25%, 07/01/31 (c)		1,765			1,294,379
Public Finance Authority, The Foundation of the University of North Carolina, Inc., Series A (RB) 4.00%, 09/01/31 (c)		1,060			801,214
Public Finance Authority, Triad Educational Services, Inc., Series A (RB) 5.50%, 06/15/25 (c)		300			306,257
Public Finance Authority, Trinity Regional Hospital Sachse, Series A-1 (RB) 7.38%, 01/01/30 (c)		4,265			3,240,440
Public Finance Authority, Ultimate Medical Academy Project, Series A (RB)
5.00%, 10/01/29 (c)		2,000			1,942,346
5.00%, 10/01/29 (c)		1,950			1,829,348
Public Finance Authority, UNC Health Southeastern, Series A (RB) 4.00%, 02/01/31 (c)		2,000			1,750,886
Public Finance Authority, University of North Carolina at Charlotte Inc., Series A (RB) 4.00%, 09/01/31 (c)		1,000			847,858
Public Finance Authority, Wisconsin Senior Airport Facilities, Series B (RB) 5.00%, 05/30/23 (c)		9,000			8,999,342

	Par (000’s		)	Value
Wisconsin (continued)
Public Finance Authority, Wisconsin, Roseman University of Health Science (RB) 4.00%, 04/01/32 (c)	$	1,250		$	957,802
Public Finance Authority, Wonderful Foundation Charter School Portfolio Project, Series A-1 (RB) 5.00%, 07/01/30 (c)		5,545			4,213,000
Wisconsin Health & Educational Facilities Authority, Marshfield Clinic Health System, Inc., Series A (RB) 5.00%, 02/15/26 (c)		7,930			7,921,955
Wisconsin Health and Educational Facilities Authority, Covenant Communities, Inc. Project, Series A-1 (RB) (SAW) 4.00%, 07/01/23 (c)		105			79,910
Wisconsin Health and Educational Facilities Authority, Covenant Communities, Inc. Project, Series B (RB) 4.38%, 07/01/23 (c)		850			630,518
Wisconsin Health and Educational Facilities Authority, St. Camillus Health System, Inc., Series A (RB)
5.00%, 11/01/26 (c)		500			381,148
5.00%, 11/01/26 (c)		1,950			1,656,641
Wisconsin Health and Educational Facilities Authority, Thedacare, Inc., (RB) 4.00%, 12/15/29 (c)		260			246,720
Wisconsin Health and Educational Facilities Authority, Wheaton Franciscan Healthcare System, Series A (RB) 5.12%, 05/19/23 (c)		3,950			3,797,476
Wisconsin State Health & Educational Facilities Authority, Marshfield Clinic Health System, Inc., Series A (RB) (AGM) 5.00%, 02/15/30 (c)		1,500			1,672,659
					71,920,311

The summary of inputs used to value the Fund’s investments as of April 30, 2023 is as follows:

	Par (000’s		)	Value
MUNICIPAL BONDS: 97.6%
Arizona: 1.8%
Arizona Industrial Development Authority, Educational Facility, KIPP NYC Public Charter Schools - Macombs Facility Project, Series A (RB) 4.00%, 07/01/31 (c)	$	400		$	328,743
California: 31.0%
California Health Facilities Financing Authority, Adventist Health System, Series A (RB) 3.00%, 03/01/26 (c)		275			229,711
California Health Facilities Financing Authority, Sutter Health, Series A (RB) 4.00%, 11/15/27 (c)		300			287,350
California Statewide Communities Development Authority, Cottage Health System (RB) 5.00%, 11/01/24 (c)		300			308,763
City of Los Angeles Department of Airports, Series A (RB) 5.00%, 05/15/31		475			495,641
El Dorado Irrigation District, Series C (RB) 4.00%, 03/01/26 (c)		250			257,824
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement, Series A (RB) 5.00%, 06/01/25 (c)		250			261,815
Los Angeles Unified School District, Series A (GO) 5.00%, 07/01/25 (c)		250			263,422
Regents of the University of California Medical Center, Series P (RB) 4.00%, 05/15/32 (c)		250			237,802
San Francisco City & County, International Airport, Series E (RB) 5.00%, 05/01/29 (c)		370			401,474
State of California, Various Purpose (GO)
5.00%, 10/01/28 (c)		500			565,216
5.00%, 02/01/25 (c)		410			427,145
5.00%, 04/01/27		250			272,518
5.00%, 08/01/27		300			329,578
State of California, Various Purpose (GO) (SAW) 5.00%, 12/01/30 (c)		250			276,052
University of California, Series BB (RB) 5.00%, 05/15/29 (c)		250			270,035
University of California, Series BH (RB) 4.00%, 05/15/31 (c)		280			279,827

	Par (000’s		)	Value
California (continued)
Val Verde Unified School District, Series A (GO) (BAM) 2.75%, 08/01/28 (c)	$	720		$	520,919
					5,685,092
Connecticut: 4.3%
State of Connecticut, Series A (GO) 4.00%, 04/15/28 (c)		250			257,982
State of Connecticut, Special Tax Obligation, Series A (RB) 5.00%, 08/01/25 (c)		250			262,105
State of Connecticut, Special Tax Obligation, Series B (RB) 5.00%, 10/01/26		250			269,219
					789,306
Hawaii: 2.9%
City and County of Honolulu, Wastewater System, Series A (RB) 4.00%, 07/01/26 (c)		510			524,835
Massachusetts: 8.2%
City of Boston, Series A (GO) 5.00%, 11/01/32 (c)		500			611,138
Commonwealth of Massachusetts Federal Highway Grant Anticipation Notes, Series A (RB) 5.00%, 06/15/24 (c)		250			255,913
Commonwealth of Massachusetts, Series B (GO) 5.00%, 11/01/24		360			371,156
Massachusetts Development Finance Agency, Mass General Brigham Issue, Series A-2 (RB) (SAW) 5.00%, 07/01/23		255			255,682
					1,493,889
Nevada: 2.7%
Las Vegas Valley Water District, Series A (GO) 4.00%, 12/01/31 (c)		250			247,133
Truckee Meadows Water Authority (RB) 5.00%, 07/01/23		250			250,735
					497,868
New York: 27.1%
City of New York, Series B-1 (GO) 5.00%, 10/01/27 (c)		250			269,003
Long Island Power Authority, Electric System, Series B (RB) 5.00%, 09/01/26 (c)		500			520,156
Long Island Power Authority, Electric System, Series C (RB) 5.25%, 09/01/29		255			291,807
Metropolitan Transportation Authority, Series B (RB) 4.25%, 05/30/23 (c)		330			322,624

	Par (000’s		)	Value
New York (continued)
4.25%, 05/30/23 (c)	$	240		$	237,680
Nassau County Interim Finance Authority, Public Benefit Corp., Series A (RB) 5.00%, 11/15/24		250			258,028
New York City Municipal Water Finance Authority, Water & Sewer System, Series BB (RB) 4.00%, 12/15/31 (c)		250			247,528
New York City Municipal Water Finance Authority, Water & Sewer System, Series GG (RB) 5.00%, 06/15/25 (c)		400			412,114
New York City Transitional Finance Authority Future Tax, Series B-1 (RB) 5.00%, 08/01/24 (c)		300			304,234
New York City Transitional Finance Authority Future Tax, Series E-1 (RB) 5.00%, 02/01/25 (c)		250			256,052
New York State Dormitory Authority, New School, Series A (RB) 5.00%, 01/01/27 (c)		250			265,587
New York State Dormitory Authority, Personal Income Tax, Series A (RB) 5.00%, 03/15/25 (c)		250			259,811
New York State Dormitory Authority, State Sales Tax, Series A (RB) 5.00%, 03/15/27 (c)		275			292,218
New York State Urban Development Corp., Personal Income Tax, Series A (RB) 5.00%, 09/15/30 (c)		250			274,135
Port Authority of New York & New Jersey (RB) 5.00%, 11/15/27 (c)		500			519,670
Triborough Bridge & Tunnel Authority, Payroll Mobility Tax, Series C (RB) 4.00%, 11/15/31 (c)		250			244,943
					4,975,590
North Carolina: 1.6%
University of North Carolina, Hospitals at Chapel Hill (RB) 5.00%, 02/01/45		265			301,652

	Par (000’s		)	Value
Ohio: 2.1%
Franklin County, Ohio Hospital Facilities (RB) 5.00%, 05/15/23 (c)	$	375		$	375,233
Oregon: 1.4%
Oregon State, Department of Administrative Services, State Lottery, Series D (RB) 5.00%, 04/01/25 (c)		250			260,007
Pennsylvania: 3.2%
Pennsylvania Turnpike Commission, Series B (RB)
4.00%, 12/01/31 (c)		250			240,132
5.00%, 06/01/31 (c)		330			351,104
					591,236
South Dakota: 1.4%
South Dakota Housing Development Authority, Series A (RB) 4.55%, 11/01/31 (c)		250			252,510
Washington: 6.9%
City of Seattle, City Light Department, Series A (RB) 4.00%, 07/01/31 (c)		250			241,298
King County, Washington Public Hospital District No. 1 (GO) 5.00%, 12/01/26 (c)		250			263,296
King County, Washington School District No. 414 (GO) 4.00%, 12/01/30		250			259,131
Port of Seattle, First Lien 5.00%, 09/01/24		250			254,591
State of Washington, Various Purpose, Series D (GO) 5.00%, 02/01/24 (c)		250			253,944
					1,272,260
Wisconsin: 3.0%
State of Wisconsin, Department of Transportation (RB) 5.00%, 07/01/27 (c)		265			291,408
Wisconsin Health & Educational Facilities Authority, Aspipus, Inc. (RB) 4.00%, 08/15/23 (c)		250			250,088
					541,496
Total Municipal Bonds: 97.6% (Cost: $19,018,407)					17,889,717
Other assets less liabilities: 2.4%					439,278
NET ASSETS: 100.0%				$	18,328,995

The summary of inputs used to value the Fund’s investments as of April 30, 2023 is as follows:

	Par (000’s		)	Value
MUNICIPAL BONDS: 98.6%
Alabama: 0.9%
Alabama Public School and College Authority, Series A (RB)
4.00%, 11/01/30 (c)	$	2,000		$	2,089,720
5.00%, 11/01/30 (c)		525			613,775
5.00%, 11/01/30 (c)		2,015			2,330,968
Black Belt Energy Gas District, Project No. 8, Series A (RB) 4.00%, 12/01/29 (c) (p)		3,500			3,394,000
Black Belt Energy Gas District, Series B (RB) 5.25%, 12/01/30 (c) (p)		1,000			1,091,710
Board of Trustees of the University of Alabama, Series B (RB) 3.00%, 07/01/27 (c)		860			848,256
Lower Alabama Gas District, Series A (RB) 5.00%, 09/01/34		2,500			2,605,768
Southeast Energy Authority, A Cooperative District Commodity Supply, Project No.2, Series B (RB) 4.00%, 12/01/31 (c) (p)		3,000			2,977,735
UAB Medicine Finance Authority, Series B (RB) 5.00%, 09/01/26 (c)		150			159,125
University of Alabama, Board of Trustee, Series A (RB) 4.00%, 07/01/29 (c)		820			854,974
					16,966,031
Alaska: 0.1%
Alaska Housing Finance Corp., Series B (RB) 2.15%, 12/01/30 (c)		1,040			839,283
State of Alaska, International Airports System, Series A (RB) 5.00%, 10/01/25 (c)		305			318,439
State of Alaska, International Airports System, Series B (RB) 5.00%, 10/01/25 (c)		635			659,249
					1,816,971
Arizona: 1.3%
Arizona Transportation Board, Highway (RB)
5.00%, 07/01/26 (c)		835			894,091
5.00%, 07/01/26 (c)		1,050			1,124,307
City of Mesa, Arizona Utility System (RB) 4.00%, 07/01/26 (c)		1,550			1,598,924
City of Phoenix Civic Improvement Corp., Junior Lien Wastewater System (RB)
5.00%, 07/01/26 (c)		860			920,050
5.00%, 07/01/26 (c)		620			663,097

	Par (000’s		)	Value
Arizona (continued)
City of Phoenix Civic Improvement Corp., Junior Lien Wastewater System, Series A (RB) 5.00%, 07/01/31 (c)	$	800		$	943,048
City of Phoenix Civic Improvement Corp., Junior Lien Water System, Series A (RB) 5.00%, 07/01/31 (c)		1,000			1,135,817
City of Phoenix Civic Improvement Corp., Junior Lien Water System, Series B (RB) 4.00%, 07/01/24 (c)		1,725			1,746,397
City of Phoenix Civic Improvement Corp., Rental Car Facility Charge, Series A (RB)
5.00%, 07/01/29 (c)		1,000			1,108,750
5.00%, 07/01/29 (c)		1,275			1,401,763
City of Phoenix Civic Improvement Corp., Senior Lien Airport Revenue, Series D (RB) 5.00%, 07/01/27 (c)		550			595,544
Maricopa County, Arizona Pollution Control, Southern California Edison Company, Series A (RB) 2.40%, 12/01/31 (c)		1,150			899,284
Maricopa County, Arizona Pollution Control, Southern California Edison Company, Series B (RB) 2.40%, 12/01/31 (c)		1,500			1,172,979
Maricopa County, Industrial Development Authority, Banner Health, Series A (RB)
3.12%, 01/01/27 (c)		20			19,982
4.00%, 01/01/27 (c)		1,500			1,502,809
5.00%, 01/01/27 (c)		605			636,066
Salt River Project Agricultural Improvement and Power District, Series A (RB)
5.00%, 01/01/28 (c)		2,380			2,644,371
5.00%, 01/01/32		1,000			1,201,095
5.00%, 06/01/25 (c)		1,000			1,042,304
Salt Verde Financial Corp. (RB) 5.00%, 12/01/37		1,600			1,659,842
					22,910,520
Arkansas: 0.1%
City of Fort Worth, Water and Sewer Construction (RB) 5.00%, 10/01/28 (c)		1,000			1,089,949

	Par (000’s		)	Value
Arkansas (continued)
Little Rock School District of Pulaski County, Series A (GO) (AGM) 2.00%, 02/01/27 (c)	$	1,000		$	780,433
					1,870,382
California: 17.4%
Alvin Independent School District, Unlimited Tax School House (RB) 5.00%, 10/01/27 (c)		1,000			1,097,742
Bay Area Toll Authority, Series S-7 (RB)
3.25%, 04/01/27 (c)		1,270			1,225,534
4.00%, 04/01/27 (c)		1,735			1,814,698
California Community Choice, Financing Authority Clean Energy Project, Series B-1 (RB) 4.00%, 08/01/31 (c) (p)		7,000			7,064,889
California Community Choice, Financing Authority Clean Energy Project, Series C (RB) 5.25%, 10/01/31 (c) (p)		1,500			1,566,995
California Health Facilities Financial Authority, Series C (RB) 5.00%, 11/01/29 (p)		2,000			2,285,926
California Health Facilities Financing Authority, Cedars-Sinai Medical Center, Series A (RB) 5.00%, 08/15/26 (c)		310			332,983
California Health Facilities Financing Authority, Cedars-Sinai Medical Center, Series B (RB) 3.00%, 08/15/26 (c)		400			386,652
California Health Facilities Financing Authority, CommonSpirit Health, Series A (RB)
4.00%, 04/01/30 (c)		500			494,814
4.00%, 04/01/30 (c)		1,060			1,058,698
California Health Facilities Financing Authority, Series A (RB) 3.75%, 05/30/23 (c)		1,100			1,100,153
California Health Facilities Financing Authority, Stanford Health Care, Series A (RB) 5.00%, 11/15/27 (c)		750			829,522
California Health Facilities Financing Authority, Sutter Health, Series A (RB)
5.00%, 11/15/27 (c)		1,575			1,704,325
5.00%, 11/15/27 (c)		450			492,148
California Housing Finance Agency, Series A (RB) 3.50%, 11/20/35		1,212			1,148,120

	Par (000’s		)	Value
California (continued)
California Housing Finance Agency, Series A (RB) (FHLMC COLL) 3.75%, 03/25/35	$	6,227		$	6,144,935
California Municipal Finance Authority, Community Medical Centers, Series A (RB) 5.00%, 02/01/27 (c)		840			887,959
California State Public Works Board, Coalinga State Hospital, Series E (RB) 5.00%, 06/01/23 (c)		3,325			3,329,316
California State Public Works Board, Department of Corrections and Rehabilitation, Series A (RB) 5.00%, 09/01/24 (c)		2,200			2,249,914
California State Public Works Board, Department of Corrections and Rehabilitation, Series D (RB)
3.00%, 09/01/27 (c)		360			360,405
3.00%, 09/01/27 (c)		500			502,727
California State Public Works Board, Various Capital Projects, Series B (RB) 5.00%, 10/01/27 (c)		340			376,132
California State Public Works Board, Various Capital Projects, Series C (RB)
4.00%, 11/01/26 (c)		1,000			1,039,200
4.00%, 11/01/26 (c)		425			440,105
5.00%, 11/01/26 (c)		30			32,492
California State Public Works Board, Various Judicial Council Project, Series A (RB) 5.00%, 06/01/23 (c)		1,000			1,001,380
California State University, Series A (RB)
5.00%, 11/01/25 (c)		2,035			2,151,264
5.00%, 05/01/26 (c)		1,510			1,625,542
5.00%, 05/01/27 (c)		510			559,303
California Statewide Communities Development Authority, Front Porch Communities and Services, Series A (RB)
3.00%, 04/01/31 (c)		1,000			838,594
4.00%, 04/01/31 (c)		1,400			1,367,134
4.00%, 04/01/31 (c)		1,000			967,853
California Statewide Communities Development Authority, Kaiser Permanente, Series D (RB) 5.00%, 11/01/29 (p)		2,000			2,285,926

	Par (000’s		)	Value
California (continued)
California Statewide Communities Development Authority, Pollution Control, Southern California Edison Company, Series A (RB) 1.75%, 11/19/26 (c)	$	3,000		$	2,544,584
City and County of San Francisco, Moscone Convention Center Expansion Project, Series B (CP)
4.00%, 10/01/25 (c)		2,000			2,069,168
4.00%, 10/01/25 (c)		2,000			2,027,805
City and County of San Francisco, Series B (CP) 3.00%, 10/01/25 (c)		255			256,147
City of Bakersfield, Wastewater, Series A (RB) 5.00%, 09/15/25 (c)		15			15,919
City of Concord, Capital Improvement Project (CP) 2.00%, 04/01/31 (c)		1,400			1,030,208
City of Los Angeles, Department of Airports, Los Angeles International Airport, Series B (RB)
4.00%, 05/15/30 (c)		1,000			1,055,741
5.00%, 05/15/31 (c)		1,400			1,611,093
City of Los Angeles, Wastewater System, Series A (RB)
5.00%, 06/01/23 (c)		2,000			2,001,989
5.00%, 06/01/27 (c)		565			623,699
City of San Jose, California Airport, Series B (RB) (BAM) 4.00%, 03/01/31 (c)		325			350,349
County of Los Angeles, Long Beach Unified School District, Series D-1 (GO) 0.00%, 02/01/25 (c) ^		1,250			625,392
County of Sacramento, Regional County Sanitation District, Series A (RB) 5.00%, 06/01/24 (c)		3,000			3,063,392
County of Santa Clara, Series C (GO)
5.00%, 08/01/27 (c)		125			138,870
5.00%, 08/01/27 (c)		525			579,138
Desert Community College District (GO) 5.00%, 08/01/27 (c)		145			160,694
East Bay Municipal Utility District, Water System, Series A (RB) 5.00%, 06/01/25 (c)		1,000			1,054,130
East Bay Municipal Utility District, Water System, Series B (RB) 5.00%, 06/01/27 (c)		220			243,762

	Par (000’s		)	Value
California (continued)
East Side Union High School District, Series B (GO) (AGM) 3.00%, 08/01/27 (c)	$	2,590		$	2,434,867
Eastern Municipal Water District, Financing Authority, Water and Wastewater, Series B (RB) (BAM-TCRS) 4.00%, 07/01/26 (c)		1,150			1,181,927
Fontana Redevelopment Agency Successor Agency (TA) 5.00%, 10/01/27 (c)		760			836,414
Foothill-De Anza Community College District (GO) 3.00%, 08/01/31 (c)		1,500			1,367,622
Kern High School District, Series C (GO) (AGM)
2.00%, 08/01/30 (c)		3,000			2,711,264
2.00%, 08/01/30 (c)		1,600			1,476,564
Los Angeles Community College District, Series J (GO)
4.00%, 08/01/27 (c)		400			423,658
4.00%, 08/01/27 (c)		750			793,519
Los Angeles Community College District, Series L (GO) 5.00%, 08/01/32 (c)		1,000			1,195,389
Los Angeles County Metropolitan Transportation Authority, Sales Tax, Series A (RB)
4.00%, 06/01/30 (c)		1,045			1,097,157
4.00%, 06/01/30 (c)		1,695			1,761,168
4.00%, 06/01/30 (c)		1,000			1,067,737
4.00%, 06/01/31 (c)		1,000			1,037,734
4.00%, 06/01/31 (c)		1,460			1,531,587
5.00%, 06/01/30 (c)		1,000			1,161,376
5.00%, 07/01/27 (c)		795			880,827
5.00%, 07/01/31 (c)		2,530			2,916,975
5.00%, 07/01/31 (c)		1,060			1,229,648
5.00%, 07/01/31 (c)		900			1,053,783
Los Angeles County Metropolitan Transportation Authority, Sales Tax, Series B (RB) 5.00%, 07/01/23 (c)		2,000			2,005,347
Los Angeles County Public Works Financing Authority, Lakma Bulding for Permanent Collection Project, Series A (RB)
4.00%, 12/01/30 (c)		1,250			1,277,020
4.00%, 12/01/30 (c)		1,500			1,544,147
Los Angeles Department of International Airport, Series B (RB) 4.00%, 05/15/30 (c)		1,900			1,956,338
Los Angeles Department of Water and Power, Series A (RB) 5.00%, 07/01/29		1,000			1,155,828

	Par (000’s		)	Value
California (continued)
Los Angeles Department of Water and Power, Series B (RB)
5.00%, 01/01/27 (c)	$	275		$	300,688
5.00%, 07/01/23 (c)		1,000			1,002,757
5.00%, 07/01/23 (c)		1,500			1,503,960
Los Angeles Department of Water and Power, Series C (RB)
5.00%, 07/01/24 (c)		1,000			1,024,280
5.00%, 07/01/30 (c)		1,125			1,321,397
5.00%, 07/01/30 (c)		1,500			1,717,265
Los Angeles Department of Water and Power, Series D (RB)
5.00%, 07/01/24 (c)		2,000			2,048,329
5.00%, 07/01/28 (c)		125			140,830
5.00%, 07/01/28 (c)		2,000			2,198,661
5.00%, 07/01/32 (c)		1,000			1,153,073
Los Angeles Municipal Improvement Corp., Series B (RB) 4.00%, 11/01/26 (c)		2,000			2,063,226
Los Angeles Unified School District, AD Valorem Property Tax, Series C (GO) 4.00%, 07/01/30 (c)		1,605			1,652,483
Los Angeles Unified School District, AD Valorem Property Tax, Series RYRR (GO)
4.00%, 01/01/32 (c)		1,500			1,570,108
5.00%, 01/01/32 (c)		1,300			1,529,413
Los Angeles Unified School District, Series A (GO)
4.00%, 07/01/29 (c)		1,580			1,701,656
5.00%, 07/01/25 (c)		695			732,323
5.00%, 07/01/29 (c)		1,720			1,986,079
5.00%, 07/01/30		500			589,267
Los Angeles Unified School District, Series B (GO)
2.00%, 07/01/26 (c)		270			251,974
5.00%, 07/01/26 (c)		915			988,961
Los Angeles Unified School District, Series B-1 (GO)
5.00%, 01/01/28 (c)		645			720,860
5.00%, 01/01/28 (c)		585			652,248
5.00%, 01/01/28 (c)		295			324,653
Los Angeles Unified School District, Series C (GO)
3.00%, 07/01/30 (c)		1,880			1,770,977
4.00%, 07/01/30 (c)		2,000			2,099,274
Los Angeles Unified School District, Series RYQ (GO) 4.00%, 07/01/30 (c)		1,000			1,039,579
Mount Diablo Unified School District, Series B (GO) 4.00%, 08/01/31 (c)		1,000			1,074,205

	Par (000’s		)	Value
California (continued)
Municipal Improvement Corp. of Los Angeles, Series B (RB) 5.00%, 11/01/26 (c)	$	615		$	670,822
Oakland Unified School District (GO) 5.00%, 08/01/26 (c)		625			672,234
Oakland Unified School District, Series A (GO) (BAM) 4.00%, 08/01/31 (c)		1,055			1,095,323
Palm Springs Unified School District, Series D (GO) 3.00%, 08/01/26 (c)		1,500			1,501,611
Palomar Health (RB) 5.00%, 11/01/26 (c)		1,725			1,755,392
Palomar Health, Series B (GO) 4.00%, 08/01/26 (c)		1,000			1,002,189
Peralta Community College District, Series D (GO) 4.00%, 08/01/25 (c)		2,000			2,006,625
Public Utilities Commission of the City and County of San Francisco Water, Series D (RB) 5.00%, 11/01/27 (c)		785			871,957
Regents of the University of California Medical Center Pooled, Series L (RB) 5.00%, 05/15/26 (c)		650			698,444
Riverside County Transportation Commission, Series B (RB) 5.00%, 12/01/27 (c)		560			609,404
Sacramento County Sanitation Districts Financing Authority, Series A (RB) 5.00%, 06/01/24 (c)		1,000			1,022,742
San Diego County Regional Airport Authority, Series A (RB) 5.00%, 07/01/29 (c)		535			607,393
San Diego County Regional Airport Authority, Series B (RB) 5.00%, 07/01/30 (c)		2,075			2,419,376
San Diego County Water Authority, Series B (RB) 4.00%, 05/01/31 (c)		2,000			2,180,438
San Diego Unified School District, Series I (GO) 5.00%, 07/01/27 (c)		650			718,456
San Diego Unified School District, Series R-5 (GO) 4.00%, 07/01/26 (c)		20			20,948
San Francisco Bay Area Rapid Transit District, Series F-1 (GO) 5.00%, 08/01/29 (c)		140			160,611

	Par (000’s		)	Value
California (continued)
San Francisco City & County Public Utilities Commission Wastewater (RB)
5.00%, 10/01/32 (c)	$	1,000		$	1,160,243
5.00%, 10/01/32 (c)		1,000			1,191,076
5.00%, 10/01/32 (c)		1,500			1,740,365
San Francisco County Transportation Authority (RB)
3.00%, 02/01/27 (c)		500			498,827
3.00%, 02/01/27 (c)		135			136,841
San Francisco Unified School District, Series B (GO) 4.00%, 06/15/28 (c)		2,000			2,118,467
San Jose Redevelopment Agency, Series A (TA) 5.00%, 08/01/27 (c)		230			252,846
San Marcos Unified School District (GO)
4.00%, 08/01/27 (c)		400			418,642
5.00%, 08/01/27 (c)		350			384,173
Santa Clara County Financing Authority, Capital Facilities, Series A (RB)
4.00%, 05/01/31 (c)		840			880,639
5.00%, 05/01/31 (c)		3,855			4,589,920
Santa Clara County Financing Authority, Multiple Facilities Projects, Series Q (RB)
3.00%, 05/15/25 (c)		1,000			948,363
4.00%, 05/15/25 (c)		400			410,248
4.00%, 05/15/25 (c)		1,510			1,556,861
Santa Clara Unified School District (GO)
3.00%, 07/01/26 (c)		1,535			1,479,952
3.00%, 07/01/26 (c)		2,000			1,962,900
3.00%, 07/01/26 (c)		395			387,673
Santa Clara Valley Water District, Series A (RB) 5.00%, 12/01/25 (c)		25			26,625
State of California (GO) 4.00%, 04/01/31 (c)		2,000			2,152,686
State of California, Department of Water Resources, Central Valley Project, Series AX (RB) 5.00%, 12/01/27 (c)		915			1,025,086
State of California, Department of Water Resources, Central Valley Project, Series BA (RB) (AGM) 5.00%, 06/01/29 (c)		365			419,115
State of California, Series CL (GO) 3.75%, 12/01/24 (c)		10			9,810
State of California, Various Purpose (GO)
3.00%, 10/01/29 (c)		350			327,973
3.00%, 10/01/29 (c)		2,000			1,969,134
3.12%, 04/01/29 (c)		1,575			1,553,868
4.00%, 10/01/29 (c)		2,000			2,046,540

	Par (000’s		)	Value
California (continued)
4.00%, 11/01/30 (c)	$	2,000		$	2,064,714
4.00%, 11/01/30 (c)		2,945			3,158,320
4.00%, 03/01/30 (c)		9,500			10,022,448
4.00%, 03/01/30 (c)		2,000			2,080,699
4.00%, 04/01/31 (c)		2,300			2,364,384
4.00%, 04/01/31 (c)		1,795			1,948,906
4.00%, 08/01/26 (c)		700			724,402
4.00%, 09/01/26 (c)		2,960			3,026,423
4.00%, 09/01/26 (c)		1,500			1,549,666
4.00%, 09/01/26 (c)		1,815			1,881,311
5.00%, 10/01/28 (c)		1,065			1,203,949
5.00%, 10/01/29		4,500			5,187,275
5.00%, 10/01/29 (c)		2,340			2,697,483
5.00%, 10/01/29 (c)		5,050			5,813,002
5.00%, 10/01/29		1,000			1,152,728
5.00%, 10/01/30		1,000			1,174,544
5.00%, 10/01/31		4,000			4,774,398
5.00%, 11/01/23 (c)		2,000			2,019,244
5.00%, 11/01/27 (c)		3,375			3,744,729
5.00%, 11/01/27 (c)		1,020			1,131,753
5.00%, 11/01/27 (c)		2,645			2,933,954
5.00%, 11/01/28 (c)		3,135			3,459,331
5.00%, 11/01/30		1,360			1,599,826
5.00%, 11/01/30 (c)		1,610			1,874,341
5.00%, 12/01/30 (c)		2,000			2,286,915
5.00%, 03/01/30 (c)		2,330			2,675,229
5.00%, 04/01/24 (c)		500			509,656
5.00%, 04/01/26 (c)		1,690			1,812,178
5.00%, 04/01/29 (c)		3,000			3,361,817
5.00%, 04/01/29 (c)		2,500			2,849,460
5.00%, 04/01/29 (c)		3,500			3,952,260
5.00%, 04/01/30		2,910			3,386,562
5.00%, 04/01/32		4,270			5,138,431
5.00%, 04/01/33 (c)		2,000			2,367,387
5.00%, 04/01/33 (c)		2,000			2,311,001
5.00%, 05/01/24 (c)		2,480			2,533,515
5.00%, 05/15/23 (c)		3,000			3,001,795
5.00%, 08/01/24 (c)		1,000			1,026,420
5.00%, 08/01/24 (c)		1,000			1,026,793
5.00%, 08/01/26 (c)		490			525,047
5.00%, 08/01/27 (c)		2,250			2,483,463
5.00%, 08/01/28 (c)		3,245			3,591,351
5.00%, 09/01/26 (c)		1,095			1,184,691
5.00%, 09/01/29		1,000			1,150,864
State of California, Various Purpose (GO) (SAW) 5.00%, 06/01/26 (c)		1,000			1,070,671
State Public Works Board, Various Capital Projects, Series B (RB)
4.00%, 05/01/31 (c)		1,500			1,543,485
4.00%, 05/01/31 (c)		2,000			2,066,759
University of California, Series AR (RB) 5.00%, 05/15/26 (c)		10			10,785
University of California, Series AY (RB) 5.00%, 05/15/27 (c)		625			690,102

	Par (000’s		)	Value
California (continued)
University of California, Series AZ (RB) 5.00%, 05/15/28 (c)	$	310		$	350,405
University of California, Series BE (RB) 5.00%, 05/15/30 (c)		1,500			1,727,854
University of California, Series BN (RB)
5.00%, 05/15/33 (c)		1,000			1,191,869
5.00%, 05/15/33 (c)		1,000			1,208,673
5.00%, 05/15/33 (c)		2,000			2,454,846
University of California, Series I (RB) 4.00%, 05/15/25 (c)		2,160			2,203,438
University of California, Series O (RB) 5.00%, 05/15/28 (c)		1,170			1,298,140
University of California, Series Q (RB) 4.00%, 05/15/31 (c)		2,500			2,560,771
					316,275,183
Colorado: 1.7%
Adams 12 Five Star Schools, Series B (GO) 5.00%, 12/15/26 (c)		1,000			1,059,496
Adams and Arapahoe Joint School District No. 28J, Series A (GO) (SAW) 5.00%, 12/01/26 (c)		540			584,051
Boulder Larimer & Weld Counties, St. Vrain Valley School District, Series C (GO) (SAW)
5.00%, 12/15/26 (c)		2,000			2,130,256
5.00%, 12/15/26 (c)		2,000			2,121,099
Cherry Creek School District No. 5 (GO) (SAW) 5.00%, 12/15/25 (c)		1,000			1,056,224
City and County of Denver, Series A-2 (RB) 0.00%, 08/01/26 (c) ^		1,200			694,196
Colorado Health Facilities Authority, Advenhealth, Series A (RB) 4.00%, 11/15/29 (c)		2,000			1,999,206
Colorado Health Facilities Authority, CommonSpirit Health, Series A-1 (RB) 4.00%, 08/01/29 (c)		2,350			2,301,670
Denver City and County School District No. 1 (GO) (SAW) 5.00%, 12/01/30 (c)		1,000			1,125,993
ElCounty of El Paso, School District No. 20 (GO) (SAW) 5.00%, 12/15/26 (c)		295			317,146
Jefferson County School District R-1 (GO) 5.00%, 12/15/28 (c)		1,110			1,258,676

	Par (000’s		)	Value
Colorado (continued)
Pueblo City Schools No. 60 (GO) (SAW)
3.00%, 12/15/29 (c)	$	500		$	454,489
5.00%, 12/15/29 (c)		1,010			1,145,858
5.00%, 12/15/29 (c)		1,625			1,798,867
5.00%, 12/15/29 (c)		1,085			1,195,848
Regional Transportation District, Fastracks Project, Series A (RB) 5.00%, 11/01/26 (c)		1,820			1,924,529
Regional Transportation District, Fastracks Project, Series B (RB)
5.00%, 11/01/27 (c)		530			580,219
5.00%, 11/01/27 (c)		1,995			2,175,209
State of Colorado, Series A (CP)
4.00%, 12/15/31 (c)		1,540			1,565,324
4.00%, 12/15/31 (c)		1,750			1,803,542
5.00%, 12/15/31 (c)		1,000			1,166,414
University of Colorado, Series A-2 (RB) 3.00%, 06/01/24 (c)		800			797,210
Weld County School District No. 6 (GO) (SAW) 5.00%, 12/01/29 (c)		2,165			2,416,359
					31,671,881
Connecticut: 2.3%
Connecticut Housing Finance Authority Housing Mortgage Finance Program, Series A (RB) 4.40%, 11/15/31 (c)		1,530			1,560,176
Connecticut Housing Finance Authority Housing Mortgage Finance Program, Series A-1 (RB) (SAW) 1.70%, 05/15/30 (c)		1,290			1,033,002
Connecticut Housing Finance Authority Housing Mortgage Finance Program, Series D-1 (RB) 3.20%, 11/15/26 (c)		260			258,364
Connecticut Housing Finance Authority Housing Mortgage Finance Program, Series F-1 (RB) 3.05%, 05/15/26 (c)		140			136,141
Connecticut State Health and Educational Facilities Authority, Hartford Health Issue, Series A (RB) (SD CRED PROG) 5.00%, 01/01/30 (c)		335			366,944
Connecticut State Health and Educational Facilities Authority, Nuvance Health Issue, Series A (RB)
4.00%, 07/01/29 (c)		625			598,541
4.00%, 07/01/29 (c)		525			500,176

	Par (000’s		)	Value
Connecticut (continued)
5.00%, 07/01/29 (c)	$	2,200		$	2,328,810
Connecticut State Health and Educational Facilities Authority, Yale University Issue, Series B-1 (RB) (AGM) 5.00%, 07/01/29		1,120			1,298,019
Connecticut State, Transportation Infrastructure Purposes, Series A (RB) 5.00%, 09/01/24 (c)		1,000			1,026,866
State of Connecticut (GO) 5.00%, 11/15/25 (c)		1,525			1,600,940
State of Connecticut, Series A (GO)
3.00%, 01/15/31 (c)		1,000			985,842
3.00%, 01/15/31 (c)		2,200			2,183,041
3.00%, 01/15/31 (c)		1,000			938,287
4.00%, 01/15/31		1,780			1,950,893
5.00%, 04/15/28 (c)		1,000			1,082,952
State of Connecticut, Series A (GO) (SBG) 4.00%, 04/15/29 (c)		1,000			1,026,009
State of Connecticut, Series B (GO) (BAM) 3.00%, 06/01/29		1,000			1,005,325
State of Connecticut, Series C (GO)
4.00%, 06/01/30 (c)		1,950			2,096,230
4.00%, 06/01/30 (c)		850			886,944
State of Connecticut, Series E (GO)
3.00%, 10/15/26 (c)		395			391,448
5.00%, 08/15/23 (c)		2,000			2,010,746
5.00%, 09/15/28 (c)		1,665			1,865,405
State of Connecticut, Series F (GO) 5.00%, 11/15/25 (c)		1,550			1,629,330
State of Connecticut, Special Tax, Series A (RB)
5.00%, 05/01/31 (c)		1,500			1,736,582
5.00%, 05/01/31		1,650			1,949,222
5.00%, 09/01/24 (c)		1,250			1,284,309
5.00%, 09/01/24 (c)		1,300			1,335,774
5.00%, 09/01/24 (c)		1,195			1,228,975
5.00%, 09/01/26 (c)		475			508,406
State of Connecticut, Special Tax, Series A (ST) 5.00%, 05/01/30 (c)		2,500			2,796,512
State of Connecticut, State Revolving Fund, Series A (RB) 5.00%, 05/01/27 (c)		1,000			1,096,700
University of Connecticut, Series A (RB) 5.00%, 01/15/27 (c)		745			804,850
					41,501,761
Delaware: 0.2%
Delaware Transportation Authority (RB) 5.00%, 09/01/30 (c)		1,000			1,164,759

	Par (000’s		)	Value
Delaware (continued)
State of Delaware (GO)
2.00%, 02/01/31 (c)	$	1,000		$	848,843
2.00%, 02/01/31 (c)		1,000			797,964
State of Delaware, Series A (GO)
2.00%, 01/01/30 (c)		650			524,235
5.00%, 05/01/33 (c)		1,000			1,202,216
					4,538,017
District of Columbia: 1.6%
District of Columbia, Federal Highway Grant Anticipation (RB) (SAW) 5.00%, 12/01/29 (c)		2,250			2,554,630
District of Columbia, Georgetown University Issue (RB) 5.00%, 04/01/27 (c)		645			693,679
District of Columbia, Series A (GO)
5.00%, 01/01/33 (c)		1,000			1,180,459
5.00%, 06/01/27 (c)		1,500			1,642,823
5.00%, 06/01/27 (c)		580			637,320
5.00%, 06/01/28 (c)		750			831,411
District of Columbia, Series A (RB) 5.00%, 09/01/29 (c)		1,000			1,124,205
District of Columbia, Series C (GO) 5.00%, 06/01/24 (c)		1,980			2,007,891
District of Columbia, Series C (RB) 5.00%, 05/01/30 (c)		1,000			1,135,072
District of Columbia, Series D (GO) 5.00%, 06/01/24 (c)		1,350			1,376,212
Metropolitan Washington Airports Authority, Dulles Toll Road, Series B (RB) 4.00%, 10/01/29 (c)		250			253,545
Metropolitan Washington Airports Authority, Dulles Toll Road, Series B (RB) (AGM) 4.00%, 10/01/29 (c)		250			255,690
Washington Convention & Sports Authority, Series A (RB) 5.00%, 10/01/27 (c)		2,545			2,780,951
Washington Metropolitan Area Transit Authority (RB) 5.00%, 07/01/27 (c)		1,000			1,068,906
Washington Metropolitan Area Transit Authority, Series A (RB)
4.00%, 07/15/31 (c)		4,000			4,287,123
5.00%, 07/15/30 (c)		1,400			1,569,858
5.00%, 07/15/31 (c)		2,000			2,269,195

	Par (000’s		)	Value
District of Columbia (continued)
Washington Metropolitan Area Transit Authority, Series A-2 (RB)
5.00%, 07/01/27 (c)	$	810		$	873,641
5.00%, 07/01/27 (c)		550			595,994
5.00%, 07/01/27 (c)		300			326,615
Washington Metropolitan Area Transit Authority, Series B (RB)
5.00%, 07/01/27 (c)		650			709,353
5.00%, 07/01/27 (c)		880			949,140
5.00%, 07/01/27 (c)		555			606,909
					29,730,622
Florida: 3.4%
Brevard County Health Facilities Authority, Health First, Inc. Project (RB)
5.00%, 04/01/24 (c)		1,000			1,011,801
5.00%, 04/01/24 (c)		2,510			2,539,620
Broward County, Florida School Board, Series B (CP) 5.00%, 07/01/25 (c)		1,005			1,041,702
Broward County, Florida Tourist Development, Convention Center Expansion Project (RB) 4.00%, 09/01/31 (c)		2,000			2,046,625
Central Florida Expressway Authority (RB) (BAM) 3.00%, 07/01/27 (c)		520			502,833
Central Florida Expressway Authority, Series A (RB) 4.00%, 07/01/26 (c)		1,250			1,280,511
Central Florida Expressway Authority, Series A (RB) (BAM) 5.00%, 07/01/27 (c)		2,000			2,125,307
City of Gainesville, Utilities System, Series A (RB)
5.00%, 10/01/27 (c)		1,045			1,140,360
5.00%, 10/01/27 (c)		195			214,093
City of Jacksonville, Series A (RB) 5.00%, 10/01/29 (c)		1,095			1,253,133
City of Orlando, Senior Tourist Development Tax, Series A (RB) (AGM)
5.00%, 11/01/27 (c)		560			601,724
5.00%, 11/01/27 (c)		2,000			2,181,050
County of Miami-Dade (RB)
0.00%, 10/01/26 (c) ^		565			425,086
0.00%, 10/01/26 (c) ^		400			288,405
5.00%, 10/01/26 (c)		2,005			2,108,179
5.00%, 10/01/26 (c)		510			540,298
County of Miami-Dade, Building Better Communities Program, Series A (GO)
5.00%, 07/01/26 (c)		555			590,280
5.00%, 07/01/26 (c)		280			298,323
5.00%, 07/01/26 (c)		520			554,842

	Par (000’s		)	Value
Florida (continued)
County of Miami-Dade, Building Better Communities Program, Series A (GO) (SAW) 4.00%, 07/01/30 (c)	$	1,600		$	1,651,463
County of Miami-Dade, Florida Aviation, Series A (RB) 4.00%, 10/01/30 (c)		1,500			1,507,579
County of Miami-Dade, Florida Transit System (RB) 4.00%, 07/01/26 (c)		865			891,728
County of Miami-Dade, Water and Sewer System (RB)
4.00%, 04/01/31 (c)		1,475			1,504,477
5.00%, 04/01/31 (c)		3,500			4,112,303
County of Miami-Dade, Water and Sewer System, Series A (RB) 5.00%, 10/01/25 (c)		1,500			1,555,841
County of Miami-Dade, Water and Sewer System, Series B (RB)
3.00%, 10/01/27 (c)		370			354,788
5.00%, 10/01/25 (c)		605			626,101
Florida Development Finance Corp., Lakeland Regional Health Systems (RB) 4.00%, 11/15/31 (c)		2,000			2,010,362
Florida Housing Finance Corp., Series 2 (RB) 2.10%, 01/01/30 (c)		950			794,714
JEA Electric System, Series A (RB) 5.00%, 10/01/23 (c)		2,000			2,011,764
JEA Electric System, Series B (RB)
3.38%, 05/30/23 (c)		520			513,672
5.00%, 10/01/27 (c)		885			964,714
5.00%, 10/01/27 (c)		850			933,256
5.00%, 10/01/27 (c)		610			671,066
JEA Water and Sewer System, Series A (RB) 4.00%, 10/01/27 (c)		1,360			1,369,263
Lee Memorial Health System, Series A-1 (RB) 5.00%, 04/01/29 (c)		605			662,751
Orange County, Health Facilities Authority, Series A (RB)
5.00%, 10/01/26 (c)		1,325			1,396,742
5.00%, 08/01/23 (c)		420			433,635
Orange County, School Board, Series C (CP) 5.00%, 08/01/26 (c)		410			429,453
Orange County, Tourist Development Tax (RB) 5.00%, 10/01/30		490			565,101
Palm Beach County, School Board, Series A (CP) 5.00%, 08/01/30 (c)		275			316,401

	Par (000’s		)	Value
Florida (continued)
Palm Beach County, School Board, Series C (CP) 5.00%, 08/01/28 (c)	$	695		$	778,273
Palm Beach County, School Board, Series D (CP) 5.00%, 08/01/25 (c)		2,000			2,084,683
Polk County, School District (RB) (SAW) 5.00%, 10/01/29 (c)		1,000			1,141,917
Reedy Creek Improvement District, Series A (GO)
4.00%, 06/01/27 (c)		1,000			1,041,649
5.00%, 06/01/26 (c)		1,000			1,041,848
South Miami Health Facilities Authority, Baptist Health (RB)
5.00%, 08/15/27 (c)		800			859,775
5.00%, 08/15/27 (c)		710			763,565
State of Florida, Board of Education, Public Education Capital Outlay, Series C (GO)
4.00%, 06/01/27 (c)		1,000			1,051,070
4.00%, 06/01/27 (c)		780			822,423
State of Florida, Board of Education, Public Education Capital Outlay, Series C (GO) (AMBAC) 3.00%, 06/01/29 (c)		510			480,764
State of Florida, Board of Education, Public Education Capital Outlay, Series E (GO)
2.38%, 06/01/26 (c)		590			552,641
3.00%, 06/01/25 (c)		1,000			984,681
State of Florida, Department of Transportation Financing Corp. (RB)
3.00%, 07/01/30 (c)		1,000			947,011
3.00%, 07/01/30 (c)		1,000			998,717
State of Florida, Department of Transportation, Federal Highway Reimbursement, Series A (RB) 5.00%, 07/01/30		880			1,020,086
Volusia County, School Board, Master Lease Program, Series B (CP) 5.00%, 08/01/24 (c)		1,320			1,344,932
					61,935,381
Georgia: 2.4%
Athens-Clarke County, Georgia Water and Sewerage (RB) 4.00%, 01/01/25 (c)		1,450			1,478,919
City of Atlanta, Airport Passenger Facility Charge, Series C (RB)
5.00%, 07/01/29 (c)		2,275			2,495,220
5.00%, 07/01/29 (c)		800			896,505
City of Atlanta, Water and Wastewater (RB) 4.00%, 11/01/29 (c)		1,450			1,487,281

	Par (000’s		)	Value
Georgia (continued)
5.00%, 05/01/25 (c)	$	1,000		$	1,045,888
Clarke County, Hospital Authority, Piedmont Healthcare, Inc. Project, Series A (RB) 5.00%, 07/01/26 (c)		250			263,553
Clarke County, Nevada Airport System, Series A-2 (RB) 5.00%, 01/01/24 (c)		1,705			1,723,471
Dekalb County, Water and Sewerage, Series B (RB) (AGM) 5.00%, 10/01/26 (c)		1,530			1,630,141
Fulton County, Georgia Water and Sewerage, Series A (RB)
3.00%, 01/01/30 (c)		3,000			2,738,814
5.00%, 05/30/23 (c)		1,350			1,363,495
Gainesville and Hall County Hospital Authority, Northeast Georgia Health System, Series A (RB) 5.00%, 02/15/27 (c)		225			239,029
Georgia Housing and Finance Authority, Single Family Mortgage, Series B-1 (RB) 2.90%, 12/01/25 (c)		925			876,730
Georgia Municipal Electric Authority Project (RB) 5.00%, 05/24/23 (c)		1,000			1,000,481
Main Street Natural Gas, Inc., Gas Supply, Series A (RB)
4.00%, 12/01/29 (c) (p)		2,500			2,490,350
5.00%, 05/15/38		1,000			1,025,184
Main Street Natural Gas, Inc., Gas Supply, Series B (RB) 5.00%, 03/01/30 (c) (p)		1,000			1,069,037
Private Colleges and Universities Authority, Emory University, Series B (RB)
4.00%, 10/01/26 (c)		2,000			2,030,179
4.00%, 09/01/30 (c)		350			367,873
State of Georgia, Road and Tollway Authority (RB)
5.00%, 06/01/30 (c)		2,550			2,958,330
5.00%, 06/01/30 (c)		2,000			2,318,504
State of Georgia, Road and Tollway Authority, Series A (RB) 4.00%, 07/15/31 (c)		3,255			3,505,380
State of Georgia, Series A (GO)
4.00%, 08/01/30 (c)		935			1,013,314
5.00%, 02/01/27 (c)		2,000			2,184,130
5.00%, 02/01/27 (c)		1,200			1,309,731
5.00%, 08/01/29		2,500			2,889,771
State of Georgia, Series C (GO) 5.00%, 07/01/27 (c)		3,000			3,306,760
					43,708,070

	Par (000’s		)	Value
Hawaii: 0.8%
City and County of Honolulu, Rail Transit Project, Series B (GO) 5.00%, 03/01/30 (c)	$	1,930		$	2,243,666
City and County of Honolulu, Series A (GO) 4.00%, 09/01/28 (c)		1,075			1,091,971
City and County of Honolulu, Series B (GO) 5.00%, 09/01/27 (c)		1,015			1,112,855
City and County of Honolulu, Wastewater System, Series A (RB) 4.00%, 07/01/26 (c)		970			998,216
City and County of Honolulu, Wastewater System, Series B (RB) 5.00%, 07/01/29 (c)		875			976,565
State of Hawaii (RB) 5.00%, 01/01/31 (c)		1,000			1,142,858
State of Hawaii, Department of Budget and Finance, Series A (RB) 6.00%, 07/01/23 (c)		1,000			1,004,235
State of Hawaii, Department of Transportation Airports Division, Series D (RB) (BAM) 5.00%, 07/01/30 (c)		2,000			2,275,586
State of Hawaii, Series ET (GO) 3.00%, 10/01/25 (c)		1,000			1,006,137
State of Hawaii, Series FK (GO)
3.25%, 05/01/27 (c)		1,000			1,009,883
5.00%, 05/01/27 (c)		690			746,876
State of Hawaii, Series FN (GO) 5.00%, 10/01/27 (c)		500			550,108
State of Hawaii, Series FT (GO)
4.00%, 01/01/28 (c)		295			310,509
5.00%, 01/01/28 (c)		405			449,987
					14,919,452
Illinois: 5.4%
Chicago O’Hare International Airport, Series A (RB) 5.00%, 01/01/30 (c)		1,000			1,122,065
Chicago O’Hare International Airport, Series A (RB) (AGM) 4.00%, 01/01/30 (c)		1,000			1,024,067
Chicago O’Hare International Airport, Series B (RB) 5.00%, 01/01/27 (c)		365			391,434
Chicago O’Hare International Airport, Series C (RB) 5.00%, 01/01/26 (c)		135			141,987
Chicago O’Hare International Airport, Series D (RB) 4.12%, 01/01/25 (c)		1,150			1,151,507
City of Chicago, Second Lien Water (RB) 5.00%, 11/01/27 (c)		1,390			1,469,855

	Par (000’s		)	Value
Illinois (continued)
City of Chicago, Second Lien Water (RB) (AGM)
5.00%, 11/01/27 (c)	$	2,000		$	2,119,634
5.00%, 11/01/27 (c)		1,420			1,523,344
City of Chicago, Series A (GO)
5.00%, 01/01/24 (c)		1,250			1,252,007
5.00%, 01/01/24 (c)		1,500			1,504,122
5.00%, 01/01/30		2,000			2,159,471
5.00%, 01/01/31 (c)		1,000			1,082,597
5.00%, 01/01/31 (c)		2,455			2,654,325
City of Chicago, Series B (GO)
4.00%, 01/01/30		358			358,872
4.00%, 01/01/32 (c)		1,064			967,173
City of Chicago, Series C (GO) 5.00%, 01/01/26 (c)		1,150			1,163,705
City of Chicago, Wastewater Transmission, Series B (RB) 5.00%, 01/01/27 (c)		750			774,340
Cook County, Series A (GO) 5.00%, 11/15/26 (c)		325			345,370
Illinois Finance Authority, Carle Foundation, Series A (RB)
4.00%, 08/15/31 (c)		1,500			1,482,452
4.00%, 08/15/31 (c)		1,500			1,497,917
5.00%, 08/15/31 (c)		1,000			1,130,062
Illinois Finance Authority, Clean Water Initiative (RB)
4.00%, 01/01/31 (c)		1,000			1,035,127
4.00%, 01/01/31 (c)		1,600			1,692,876
5.00%, 01/01/26 (c)		685			723,170
5.00%, 01/01/27 (c)		700			757,189
5.00%, 01/01/31 (c)		750			868,751
5.00%, 07/01/29 (c)		2,560			2,847,989
Illinois Finance Authority, Clean Water Initiative (RB) (AGM) 5.00%, 07/01/29 (c)		1,400			1,578,391
Illinois Finance Authority, Memorial Health System (RB) 5.00%, 04/01/29 (c)		1,435			1,543,947
Illinois Finance Authority, Mercy Health Corp. (RB)
4.00%, 06/01/26 (c)		90			91,137
4.00%, 06/01/26 (c)		160			162,199
5.00%, 06/01/26 (c)		250			260,879
Illinois Finance Authority, NorthShore University HealthSystem, Series A (RB)
5.00%, 08/15/30 (c)		1,000			1,147,518
5.00%, 08/15/30 (c)		1,365			1,572,048
5.00%, 08/15/30 (c)		1,295			1,476,685
Illinois Finance Authority, Rush University Medical Center, Series A (RB) 5.00%, 05/15/25 (c)		125			129,814
Illinois Finance Authority, Silver Cross Hospital and Medical Centers, Series C (RB) 4.12%, 08/15/25 (c)		3,145			3,033,611

	Par (000’s		)	Value
Illinois (continued)
Illinois Housing Development Authority, Series A (RB) 4.50%, 10/01/32 (c)	$	1,000		$	1,018,937
Illinois Housing Development Authority, Series B (RB) 3.45%, 04/01/27 (c)		420			422,628
Illinois State Finance Authority, Ann & Robert H. Lurie Children’s Hospital (RB) 4.00%, 08/15/27 (c)		1,000			994,308
Illinois State Finance Authority, University of Chicago, Series A (RB) 5.00%, 10/01/33		1,000			1,216,904
Illinois State Municipal Electric Agency, Power Supply, Series A (RB) 4.00%, 08/01/25 (c)		2,000			2,021,295
Illinois State Toll Highway Authority, Series A (RB) 5.00%, 05/30/23 (c)		1,135			1,135,973
Illinois State Toll Highway Authority, Series B (RB)
5.00%, 01/01/24 (c)		5,000			5,044,274
5.00%, 01/01/26 (c)		1,500			1,567,573
5.00%, 01/01/26 (c)		1,000			1,033,927
Metropolitan Water Reclamation District of Greater Chicago, Series A (GO) 5.00%, 12/01/26 (c)		780			836,169
Northern Illinois Municipal Power Agency, Series A (RB)
4.00%, 12/01/26 (c)		1,235			1,248,925
4.00%, 12/01/26 (c)		1,500			1,500,278
5.00%, 12/01/26 (c)		910			972,970
5.00%, 12/01/26 (c)		990			1,053,305
Sales Tax Securitization Corp., Series A (RB)
5.00%, 01/01/28 (c)		1,150			1,243,933
5.00%, 01/01/28 (c)		570			613,306
5.00%, 01/01/33 (c)		1,000			1,151,170
State of Illinois (GO)
3.50%, 06/01/26 (c)		685			683,353
4.00%, 03/01/31 (c)		1,000			982,291
4.00%, 07/01/32 (c)		1,000			987,930
4.12%, 11/01/26 (c)		360			367,756
5.00%, 11/01/26 (c)		305			316,723
5.00%, 05/01/32 (c)		1,000			1,096,919
5.00%, 07/01/32 (c)		1,000			1,096,700
5.25%, 02/01/24 (c)		1,320			1,336,232
5.50%, 07/10/23 (c)		1,470			1,475,931
State of Illinois (RB)
3.00%, 06/15/26 (c)		320			292,893
3.00%, 06/15/26 (c)		680			639,679
State of Illinois, Sales Tax, Series A (RB) (BAM) 3.00%, 06/15/31 (c)		3,000			2,822,269

	Par (000’s		)	Value
Illinois (continued)
State of Illinois, Sales Tax, Series C (RB)
5.00%, 06/15/30	$	1,000		$	1,096,562
5.00%, 06/15/31		1,500			1,650,835
State of Illinois, Series A (GO)
4.00%, 03/01/31 (c)		500			483,293
5.00%, 10/01/28 (c)		2,500			2,694,446
5.00%, 12/01/27 (c)		1,000			1,054,478
5.00%, 03/01/31		500			558,491
5.00%, 03/01/31 (c)		1,000			1,105,809
5.00%, 05/01/28 (c)		2,250			2,395,861
5.25%, 12/01/27 (c)		1,200			1,296,860
State of Illinois, Series B (GO) 5.00%, 11/01/29 (c)		1,000			1,099,797
State of Illinois, Series C (GO) 5.00%, 11/01/27 (c)		4,105			4,395,511
State of Illinois, Series D (RB) 5.00%, 06/15/26 (c)		620			648,256
					97,892,387
Indiana: 0.8%
City of Indianapolis, Indiana Water System, Series A (RB) 5.00%, 10/01/28 (c)		1,720			1,891,695
Duneland School Building Corp., AD Valorem Property Tax (RB) 3.00%, 01/15/32 (c)		1,000			904,414
Indiana Finance Authority, First Lien Wastewater Utility (RB) 4.00%, 10/01/31 (c)		2,500			2,600,936
Indiana Finance Authority, Ohio Valley Electric Corp. Project, Series A (RB) 4.25%, 11/01/30		1,545			1,547,513
Indiana Finance Authority, Series A (RB)
5.00%, 02/01/28 (c)		200			221,950
5.00%, 02/01/28 (c)		1,310			1,459,167
Indiana Finance Authority, Series C (RB) 5.00%, 02/01/28 (c)		610			679,460
Indiana Finance Authority, Series E (RB) 5.00%, 06/01/29		935			1,069,153
Indiana Housing and Community Development Authority, Single Family Mortgage, Series A-1 (RB) 2.85%, 07/01/25 (c)		20			19,914
Indiana Municipal Power Agency, Series A (RB) 5.00%, 01/01/28 (c)		250			277,001
Indianapolis Local Public Improvement Bond Bank, Courhouse and Jail Project, Series A (RB) 5.00%, 02/01/29 (c)		1,715			1,947,568

	Par (000’s		)	Value
Indiana (continued)
Indianapolis Local Public Improvement Bond Bank, Series A (RB) (AGM) 4.00%, 06/01/31 (c)	$	2,000		$	1,996,373
					14,615,144
Iowa: 0.1%
Iowa Finance Authority (RB) 5.00%, 08/01/27 (c)		1,000			1,103,143
Iowa Finance Authority, Series A (RB) 5.00%, 08/01/31 (c)		1,000			1,142,804
					2,245,947
Kansas: 0.3%
County of Butler, Unified School District No. 385 (GO)
4.00%, 09/01/27 (c)		300			312,697
4.00%, 09/01/27 (c)		500			523,179
County of Johnson, Internal Improvement, Series A (GO) 4.00%, 09/01/27 (c)		750			785,565
Kansas Development Finance Authority, Adventhealth Hospital, Series B (RB) 5.00%, 11/15/31 (p)		2,450			2,808,233
State of Kansas, Department of Transportation (RB) 5.00%, 09/01/27 (c)		1,165			1,280,605
					5,710,279
Kentucky: 0.6%
Kentucky Public Energy Authority, Gas Supply, Series A-1 (RB) 4.00%, 08/01/30 (c) (p)		1,200			1,190,478
Kentucky State Property and Building Commission, Project No. 119 (RB) (BAM) 5.00%, 05/01/28 (c)		3,285			3,595,907
Louisville and Jefferson County, Metro Government, Norton Healthcare, Inc., Series A (RB)
4.00%, 10/01/26 (c)		1,000			995,990
5.00%, 10/01/26 (c)		290			305,206
5.00%, 10/01/26 (c)		55			58,076
Louisville and Jefferson County, Metro Government, Norton Healthcare, Inc., Series D (RB) 5.00%, 10/01/29 (c) (p)		1,000			1,087,578
Louisville and Jefferson County, Metropolitan Sewer District, Kentucky Sewer and Drainage System, Series A (RB) 4.00%, 05/30/23 (c)		2,000			2,003,763
University of Kentucky, Series A (RB)
3.00%, 04/01/26 (c)		770			737,374
4.00%, 04/01/26 (c)		500			513,077
					10,487,449

	Par (000’s		)	Value
Louisiana: 0.9%
Ascension Parish-Wide School District (GO) 4.00%, 03/01/30 (c)	$	1,000		$	1,011,742
Jefferson Sales Tax District, Parish of Jefferson, Series B (RB) (AGM) 5.00%, 12/01/29 (c)		615			691,199
Jefferson Sales Tax District, Series B (RB) (AGM) 4.00%, 12/01/29 (c)		500			513,454
Louisiana Local Government Environmental Facilities and Community Development Authority, Series B (RB) 2.50%, 04/01/26 (c)		1,455			1,204,653
Louisiana Local Government Environmental Facilities and Community Development Authority, Westlake Chemical Corp. Project (RB) 3.50%, 11/01/27 (c)		5,040			4,661,324
Louisville Public Facilities Authority, Tulane University, Series A (RB) 5.00%, 10/15/32 (c)		1,000			1,140,226
State of Louisiana, Series A (GO)
5.00%, 03/01/30 (c)		930			1,080,671
5.00%, 03/01/31 (c)		750			889,872
5.00%, 03/01/31 (c)		1,000			1,133,142
5.00%, 04/01/33 (c)		1,000			1,186,019
5.00%, 04/01/33 (c)		1,000			1,203,081
State of Louisiana, Series A (GO) (BAM) 5.00%, 03/01/30 (c)		910			1,053,875
					15,769,258
Maryland: 2.3%
City of Baltimore, Wastewater Project, Series C (RB) 5.00%, 01/01/25 (c)		1,500			1,537,939
County of Baltimore (GO)
4.00%, 03/01/30 (c)		1,140			1,233,337
5.00%, 03/01/30		945			1,101,253
County of Baltimore (GO) (AGC) 4.00%, 03/01/29 (c)		1,925			2,050,567
County of Baltimore (GO) (CA MTG INS) 4.00%, 03/01/29 (c)		2,420			2,531,107
County of Montgomery, Series A (GO) 3.00%, 08/01/30 (c)		750			753,775
County of Montgomery, Series C (GO) 4.00%, 10/01/27 (c)		1,070			1,136,465
Maryland Department of Transportation (RB) 3.00%, 09/01/27 (c)		500			494,186

	Par (000’s		)	Value
Maryland (continued)
Maryland Stadium Authority, Baltimore City Public School Construction and Revitalization Program (RB) 5.00%, 05/01/26 (c)	$	250		$	266,182
Prince George’s County, Series A (GO)
5.00%, 07/15/28 (c)		1,150			1,296,254
5.00%, 07/15/28 (c)		2,500			2,760,324
Prince George’s County, Series A (GO) (SAW) 4.00%, 07/15/28 (c)		1,000			1,072,529
State of Maryland (GO) 4.00%, 06/01/24 (c)		1,500			1,514,946
State of Maryland State, Series A (GO)
3.25%, 08/01/23 (c)		2,000			2,000,839
4.00%, 08/01/31 (c)		1,000			1,065,926
5.00%, 08/01/30 (c)		1,000			1,154,425
State of Maryland, Department of Transportation (RB)
2.12%, 10/01/29 (c)		2,000			1,611,543
3.00%, 11/01/24 (c)		520			518,115
3.12%, 05/01/25 (c)		855			853,168
4.00%, 05/01/28 (c)		750			802,415
State of Maryland, Department of Transportation (RB) (SAW) 2.12%, 10/01/27 (c)		2,340			2,161,205
State of Maryland, State and Local Facilities Loan (GO)
4.00%, 08/01/28 (c)		530			565,569
5.00%, 03/15/29 (c)		3,000			3,412,970
5.00%, 08/01/28 (c)		1,000			1,124,600
State of Maryland, State and Local Facilities Loan, Series A (GO)
3.00%, 08/01/27 (c)		1,000			1,003,206
5.00%, 03/15/30 (c)		3,500			4,071,802
5.00%, 08/01/31 (c)		1,400			1,665,181
Washington Suburban Sanitary District, Maryland Consolidated Public Improvement (GO) 5.00%, 06/01/26 (c)		1,650			1,766,527
					41,526,355
Massachusetts: 3.4%
City of Boston, Series A (GO) 5.00%, 11/01/32 (c)		2,000			2,328,372
Commonwealth of Massachusetts (RB) (NATL) 5.50%, 01/01/34		1,000			1,198,393
Commonwealth of Massachusetts Transportation Fund, Series A (RB) 5.00%, 06/01/24 (c)		1,275			1,301,332

	Par (000’s		)	Value
Massachusetts (continued)
Commonwealth of Massachusetts, Accelerated Bridge Program, Series A (RB) 5.00%, 06/01/24 (c)	$	980		$	998,366
Commonwealth of Massachusetts, Series A (GO) 5.00%, 10/01/31		3,000			3,588,360
Commonwealth of Massachusetts, Series B (GO)
5.00%, 07/01/26 (c)		1,860			1,994,173
5.00%, 07/01/26 (c)		600			645,195
Commonwealth of Massachusetts, Series C (GO)
3.00%, 02/01/24 (c)		400			395,758
5.00%, 05/01/30		1,000			1,167,716
5.00%, 05/30/23 (c)		350			350,483
5.00%, 05/30/23 (c)		2,000			2,003,042
Commonwealth of Massachusetts, Series C (GO) (AGM) 5.00%, 05/01/31		2,665			3,165,292
Commonwealth of Massachusetts, Series D (GO)
4.00%, 11/01/30 (c)		2,000			2,083,180
4.00%, 05/01/28 (c)		1,165			1,213,399
5.00%, 07/01/30 (c)		365			415,578
Commonwealth of Massachusetts, Series D (GO) (SBG) 5.00%, 07/01/30 (c)		2,000			2,243,269
Commonwealth of Massachusetts, Series E (GO)
3.00%, 11/01/27 (c)		1,275			1,228,397
4.00%, 04/01/25 (c)		1,000			1,006,326
4.00%, 04/01/25 (c)		1,000			1,024,372
4.00%, 09/01/25 (c)		3,000			3,015,108
5.00%, 11/01/30 (c)		1,000			1,171,699
5.00%, 09/01/28 (c)		1,010			1,105,890
Commonwealth of Massachusetts, Series E (GO) (AGM) 5.00%, 05/01/24 (c)		1,100			1,122,484
Commonwealth of Massachusetts, Transportation Fund, Series A (GO) 5.00%, 12/01/26 (c)		500			542,251
Commonwealth of Massachusetts, Transportation Fund, Series A (RB) 5.00%, 06/01/31 (c)		800			913,581
Massachusetts Bay Transportation Authority Sales Tax, Series A-1 (RB) 5.00%, 07/01/33 (c)		1,000			1,162,635

	Par (000’s		)	Value
Massachusetts (continued)
Massachusetts Department of Transportation, Metropolitan Highway System, Series A (RB) (SAW) 5.00%, 01/01/29 (c)	$	1,000		$	1,125,412
Massachusetts Development Finance Agency, Beth Israel Lahey Health Issue, Series K (RB) 5.00%, 07/01/29 (c)		255			280,162
Massachusetts Development Finance Agency, CareGroup Issue, Series J-2 (RB) (SBG) 5.00%, 07/01/28 (c)		130			141,901
Massachusetts Development Finance Agency, Harvard University Issue, Series A (RB)
4.00%, 07/15/26 (c)		2,000			2,049,337
5.00%, 07/15/26 (c)		480			516,284
5.00%, 07/15/26 (c)		6,300			6,790,336
Massachusetts Development Finance Agency, Partners Healthcare System, Series S (RB) 4.00%, 01/01/28 (c)		1,500			1,534,467
Massachusetts Development Finance Agency, Suffolk University (RB) 5.00%, 07/01/27 (c)		500			520,313
Massachusetts Development Finance Agency, Williams College, Series P (RB) 5.00%, 07/01/23 (c)		1,500			1,504,035
Massachusetts School Building Authority, Dedicated Sales Tax, Series C (RB) 5.00%, 08/15/25 (c)		1,150			1,196,457
Massachusetts Water Resources Authority, Series B (RB) (AGM) 5.25%, 08/01/30		2,000			2,383,769
Massachusetts Water Resources Authority, Series C (RB) 5.00%, 08/01/27 (c)		2,115			2,330,450
University of Massachusetts Building Authority (RB)
5.00%, 11/01/27 (c)		1,020			1,126,713
5.00%, 11/01/29 (c)		750			853,721
5.00%, 05/01/29 (c)		1,220			1,373,747
University of Massachusetts Building Authority (RB) (SD CRED PROG) 5.00%, 11/01/29 (c)		500			574,000
					61,685,755
Michigan: 1.0%
Detroit City School District (GO) (AGM Q-SBLF) 6.00%, 05/01/29		3,500			3,893,629

	Par (000’s		)	Value
Michigan (continued)
Great Lakes Water Authority, Sewage Disposal System, Second Lien, Series C (RB)
5.00%, 07/01/26 (c)	$	250		$	265,694
5.00%, 07/01/26 (c)		250			264,635
Great Lakes Water Authority, Sewage Disposal System, Senior Lien, Series B (RB)
5.00%, 07/01/26 (c)		570			609,346
5.00%, 07/01/26 (c)		290			309,681
5.00%, 07/01/26 (c)		500			532,225
Great Lakes Water Authority, Sewage Disposal System, Senior Lien, Series C (RB)
5.00%, 07/01/26 (c)		30			32,167
5.00%, 07/01/26 (c)		1,025			1,091,035
Kalamazoo Michigan Hospital Facilities, Bronson Healthcare Group (RB) 4.00%, 05/15/26 (c)		2,000			2,000,448
Michigan Finance Authority, Henry Ford Health System (RB) 3.00%, 11/15/26 (c)		140			131,865
Michigan Finance Authority, Local Government Loan Program, Series H-1 (RB) 5.00%, 10/01/24 (c)		725			736,088
Michigan Finance Authority, Trinity Health Credit Group (RB) 5.00%, 06/01/27 (c)		75			80,981
Michigan Finance Authority, Trinity Health Credit Group, Series A (RB)
5.00%, 12/01/27 (c)		585			626,067
5.00%, 12/01/27 (c)		2,000			2,155,093
State of Michigan, Building Authority, Series I (RB) 5.00%, 10/15/26 (c)		570			610,684
State of Michigan, Environmental Program (GO) 3.00%, 05/01/26 (c)		410			404,049
State of Michigan, Environmental Program, Series A (GO) 3.00%, 05/15/30 (c)		750			689,320
State of Michigan, Housing Development Authority, Single-Family Mortgage, Series B (RB) 3.10%, 06/01/26 (c)		1,370			1,338,364
State of Michigan, Trunk Line, Series A (RB) 5.00%, 11/15/31 (c)		1,900			2,229,924
					18,001,295

	Par (000’s		)	Value
Minnesota: 1.0%
City of Minneapolis, Fairview Health Services, Series A (RB) 5.00%, 11/15/28 (c)	$	125		$	134,723
County of Hennepin, Minnesota First Lien Sales Tax, Series A (RB) 5.00%, 12/15/26 (c)		1,000			1,074,714
Minneapolis-St. Paul Metropolitan Airports Commission, Series B (RB)
5.00%, 01/01/24 (c)		2,500			2,529,148
5.00%, 01/01/27 (c)		325			349,665
5.00%, 01/01/27 (c)		515			555,026
Minnesota Public Facilities Authority, Series A (RB) 5.00%, 03/01/26 (c)		1,500			1,590,070
Regents of the University of Minnesota, Series B (RB) 5.00%, 12/01/27 (c)		1,000			1,106,064
State of Minnesota, Various Purpose, Series A (GO)
5.00%, 08/01/29 (c)		1,000			1,128,432
5.00%, 08/01/29 (c)		1,000			1,149,402
5.00%, 08/01/30 (c)		2,000			2,294,077
5.00%, 08/01/30 (c)		2,000			2,278,342
State of Minnesota, Various Purpose, Series D (GO)
2.25%, 08/01/26 (c)		925			873,820
3.00%, 10/01/27 (c)		1,000			1,003,923
3.00%, 10/01/27 (c)		1,000			1,003,896
White Bear Lake, independent School District No. 624, Series A (GO) (SD CRED PROG) 3.00%, 02/01/28 (c)		1,000			992,359
					18,063,661
Mississippi: 0.1%
State of Mississippi, Series A (GO) 5.00%, 10/01/27 (c)		430			474,558
State of Mississippi, Series A (RB)
5.00%, 10/15/28 (c)		400			436,265
5.00%, 10/15/28 (c)		550			587,418
5.00%, 10/15/28 (c)		1,000			1,081,979
					2,580,220
Missouri: 0.5%
City of Springfield, Public Utility (RB) 4.00%, 08/01/25 (c)		1,000			1,025,739
County of St. Louis, Hazewood School District, Series A (GO) (BAM) 5.00%, 03/01/32 (c)		1,000			1,128,173
Curators of the University of Missouri, Series A (RB) 5.00%, 11/01/24 (c)		1,405			1,447,499
Curators of the University of Missouri, Series B (RB) 5.00%, 11/01/30		1,400			1,650,032

	Par (000’s		)	Value
Missouri (continued)
Health and Educational Facilities Authority, Mercy Health, Series A (RB) 5.00%, 12/01/28 (c)	$	250		$	274,345
Missouri Joint Municipal Electric Utility Commission, Prairie State Project, Series A (RB) 4.00%, 06/01/26 (c)		685			703,161
Springfield School District No. R-12 (GO) 4.00%, 03/01/29 (c)		650			684,498
Springfield School District No. R-12 (GO) (SAW)
4.00%, 03/01/29 (c)		1,415			1,478,085
5.00%, 03/01/29 (c)		450			498,007
St. Louis School District, Board of Education (GO) (AGM) 5.00%, 04/01/32 (c)		1,000			1,129,396
					10,018,935
Montana: 0.1%
City of Forsyth, Rosebud County, Montana Pollution Control, Series A (RB) 3.90%, 05/30/23 (c)		1,000			1,000,052
Nebraska: 0.5%
Central Plains Energy Project, Gas Project Crossover No. 3, Series A (RB)
5.00%, 09/01/32		1,280			1,386,726
5.00%, 09/01/34		3,300			3,620,811
5.00%, 09/01/35		2,000			2,179,543
Nebraska Public Power District, Series B (RB) 5.00%, 01/01/26 (c)		1,000			1,036,687
					8,223,767
Nevada: 0.9%
Clark County, Limited Tax, Series B (GO) 4.00%, 11/01/26 (c)		155			161,621
Clark County, Nevada Airport System, Series A-2 (RB)
5.00%, 07/01/24 (c)		1,500			1,524,833
5.00%, 07/01/24 (c)		2,500			2,553,623
5.00%, 07/01/24 (c)		1,000			1,020,317
Clark County, Nevada Limited Tax, Flood Control (GO) 4.00%, 05/01/25 (c)		1,675			1,703,904
Clark County, Nevada McCarran International Airport, Passenger Facility, Series E (RB) 5.00%, 07/01/29 (c)		470			529,551
Clark County, School District, Series A (GO) (AGM)
5.00%, 06/15/30 (c)		1,000			1,150,149
5.00%, 06/15/30 (c)		915			1,047,027

	Par (000’s		)	Value
Nevada (continued)
Clark County, School District, Series B (GO) (BAM) 3.00%, 06/15/30 (c)	$	1,500		$	1,290,071
Clark County, School District, Series C (GO) 5.00%, 12/15/27 (c)		1,050			1,145,793
Las Vegas Valley Water District, Series C (GO) 3.00%, 06/01/31 (c)		1,000			987,938
State of Nevada, Highway Improvement, Motor Vehicle Fuel Tax (RB) 4.00%, 06/01/27 (c)		1,000			1,037,995
State of Nevada, Highway Improvement, Motor Vehicle Fuel Tax (RB) (AGM)
3.38%, 06/01/28 (c)		325			321,577
4.00%, 06/01/28 (c)		760			798,365
4.00%, 06/01/28 (c)		760			800,704
Truckee Meadows Water Authority (RB) 5.00%, 07/01/26 (c)		355			377,456
					16,450,924
New Jersey: 4.1%
County of Camden, Board of Education of Township of Cherry Hill (GO)
4.00%, 08/01/29 (c)		1,000			1,058,413
4.00%, 08/01/29 (c)		1,500			1,550,161
4.00%, 08/01/29 (c)		1,500			1,539,347
County of Hudson (GO)
2.00%, 11/15/28 (c)		685			560,346
2.00%, 11/15/28 (c)		2,000			1,691,102
2.12%, 11/15/28 (c)		265			212,688
New Jersey Economic Development Authority, Motor Vehicle Surcharges, Series A (RB) (BAM) 3.12%, 07/01/27 (c)		755			748,393
New Jersey Economic Development Authority, New Jersey Transit Corp. Project, Series A (RB) (AGM) 5.00%, 11/01/29 (c)		260			288,279
New Jersey Economic Development Authority, New Jersey Transit Transportation Project, Series A (RB) (AGM) 5.00%, 11/01/29 (c)		1,000			1,105,937
New Jersey Economic Development Authority, School Facilities Construction, Series AAA (RB) 5.50%, 12/15/26 (c)		380			410,815
New Jersey Economic Development Authority, School Facilities Construction, Series LLL (RB) 5.00%, 12/15/29 (c)		1,250			1,358,943

	Par (000’s		)	Value
New Jersey (continued)
5.00%, 12/15/29 (c)	$	1,970		$	2,126,215
New Jersey Economic Development Authority, School Facilities Construction, Series MMM (RB) 4.00%, 12/15/29 (c)		1,080			1,098,692
New Jersey Economic Development Authority, School Facilities Construction, Series QQQ (RB) 4.00%, 12/15/30 (c)		1,000			1,002,549
New Jersey Economic Development Authority, State House Project, Series B (RB) 5.00%, 12/15/28 (c)		315			344,576
New Jersey Educational Facilities Authority, Higher Educational Capital Improvement, Series A (RB) 4.00%, 09/01/24 (c)		1,000			1,007,970
New Jersey Educational Facilities Authority, Princeton University, Series C (RB)
2.00%, 03/01/31 (c)		2,000			1,501,604
2.00%, 03/01/31 (c)		1,975			1,526,398
2.00%, 03/01/31 (c)		1,000			803,573
New Jersey Educational Facilities Authority, Princeton University, Series I (RB) 5.00%, 07/01/27 (c)		500			552,240
New Jersey Health Care Facilities Financing Authority, Hackensack Meridian Health, Series A (RB) 4.00%, 07/01/27 (c)		1,000			1,008,844
New Jersey Health Care Facilities Financing Authority, Inspira Health, Series A (RB) 3.38%, 07/01/27 (c)		360			353,822
New Jersey Health Care Facilities Financing Authority, Robert Wood Jonson University Hospital, Series A (RB) 5.25%, 07/01/23 (c)		2,355			2,361,736
New Jersey Health Care Facilities Financing Authority, Valley Health System (RB) 5.00%, 07/01/29 (c)		1,000			1,118,463
New Jersey State Turnpike Authority, Series B (RB)
5.00%, 01/01/28 (c)		1,080			1,186,165
5.00%, 01/01/28 (c)		2,900			3,179,546
New Jersey State, COVID-19, Series A (GO)
4.00%, 06/01/31		1,000			1,092,506
4.00%, 06/01/32		1,135			1,249,815

	Par (000’s		)	Value
New Jersey (continued)
New Jersey Transportation Trust Fund Authority, Series A (RB)
4.00%, 12/15/28 (c)	$	2,830		$	2,937,698
5.00%, 12/15/28 (c)		1,100			1,196,220
5.00%, 12/15/28 (c)		1,000			1,071,945
5.00%, 12/15/28 (c)		1,395			1,524,004
5.00%, 06/15/26 (c)		435			459,596
New Jersey Transportation Trust Fund Authority, Series A-1 (RB) 4.10%, 06/15/26 (c)		780			797,182
New Jersey Transportation Trust Fund Authority, Series AA (RB)
4.00%, 12/15/30 (c)		1,000			1,002,549
4.75%, 06/15/25 (c)		2,950			3,003,823
5.00%, 12/15/30 (c)		1,200			1,301,601
5.00%, 06/15/23 (c)		1,500			1,503,459
New Jersey Transportation Trust Fund Authority, Series D (RB) 5.00%, 12/15/24 (c)		1,720			1,770,352
New Jersey Turnpike Authority, Series A (RB) 5.00%, 07/01/24 (c)		4,000			4,089,701
New Jersey Turnpike Authority, Series G (RB) 5.00%, 01/01/28 (c)		3,000			3,256,948
New Jersey Turnpike Authority, Series G (RB) (AGM) 4.00%, 01/01/28 (c)		2,130			2,224,311
State of New Jersey, Various Purposes (GO)
2.00%, 12/01/29 (c)		3,000			2,697,021
2.00%, 12/01/29 (c)		3,000			2,515,508
2.00%, 12/01/29 (c)		3,000			2,366,845
5.00%, 12/01/29 (c)		5,000			5,513,473
Tobacco Settlement Financing Corp., Series A (RB)
5.00%, 06/01/28 (c)		2,755			2,990,408
5.00%, 06/01/28 (c)		500			543,347
					74,805,129
New Mexico: 0.1%
State of New Mexico (GO) 5.00%, 03/01/33		1,000			1,223,252
New York: 18.4%
City of New York, Housing Development Corp., Series G-1 (RB) 3.10%, 11/01/25 (c)		500			480,956
City of New York, Series A (GO)
4.00%, 08/01/26 (c)		485			500,289
4.00%, 08/01/31 (c)		600			612,766
City of New York, Series A-1 (GO)
5.00%, 08/01/23 (c)		3,365			3,375,749
5.00%, 08/01/29		1,000			1,145,883

	Par (000’s		)	Value
New York (continued)
5.00%, 09/01/32 (c)	$	2,000		$	2,306,546
City of New York, Series B-1 (GO)
4.00%, 10/01/29 (c)		1,800			1,819,237
5.00%, 10/01/29 (c)		1,125			1,286,749
5.00%, 10/01/29 (c)		500			572,988
5.00%, 11/01/30		1,000			1,172,601
5.00%, 12/01/26 (c)		395			426,941
5.25%, 10/01/27 (c)		920			1,027,926
City of New York, Series C (GO)
5.00%, 02/01/25 (c)		1,165			1,204,214
5.00%, 08/01/29		2,000			2,291,767
City of New York, Series D-1 (GO) (BAM) 5.00%, 03/01/30 (c)		1,565			1,751,733
City of New York, Series E (GO)
5.00%, 04/01/33 (c)		1,000			1,164,667
5.00%, 08/01/26 (c)		540			579,015
City of New York, Series E-1 (GO)
5.00%, 03/01/28 (c)		2,000			2,150,548
5.00%, 03/01/28 (c)		1,015			1,127,047
5.25%, 03/01/28 (c)		1,000			1,122,922
5.25%, 03/01/28 (c)		1,500			1,692,004
City of New York, Series F-1 (GO) 5.00%, 04/01/28 (c)		1,435			1,544,761
City of New York, Series J (GO) 5.00%, 08/01/24 (c)		1,100			1,125,112
City of New York, Series L (GO) 5.00%, 04/01/29 (c)		655			742,700
City of New York, Series L-5 (GO) 5.00%, 04/01/31 (c)		1,865			2,182,643
City of New York, Series L-6 (GO) 5.00%, 04/01/29 (c)		1,000			1,136,999
County of Monroe, Industrial Development Corp., Rochester Regional Health Project, Series A (RB) 3.00%, 12/01/30 (c)		865			684,230
County of Nassau, Interim Finance Authority, Public Benefit Corp., Series A (RB)
4.00%, 05/15/31 (c)		1,000			1,099,577
5.00%, 05/15/31 (c)		1,500			1,762,186
County of Nassau, Series C (GO) 5.00%, 10/01/27 (c)		600			659,657
County of Suffolk, Public Improvement, Series C (GO)
4.00%, 09/01/30 (c)		1,000			1,011,843
5.00%, 09/01/30 (c)		1,500			1,712,314
County of Suffolk, Water Authority (RB) 4.00%, 06/01/25 (c)		10			10,334
Hudson Yards Infrastructure Corp., Series A (RB) 5.00%, 02/15/27 (c)		1,400			1,509,071

	Par (000’s		)	Value
New York (continued)
5.00%, 02/15/27 (c)	$	460		$	494,692
5.00%, 02/15/27 (c)		1,700			1,829,913
5.00%, 02/15/27 (c)		1,000			1,078,695
Long Island Power Authority, Electric System (RB)
5.00%, 09/01/27 (c)		305			335,450
5.00%, 09/01/27 (c)		500			549,616
5.00%, 09/01/27 (c)		750			823,457
Long Island Power Authority, Electric System, Series A (RB) 3.00%, 09/01/28 (c)		450			414,126
Long Island Power Authority, Electric System, Series B (RB) 5.00%, 09/01/26 (c)		2,000			2,117,937
Metropolitan Transportation Authority, Series A (RB) 4.00%, 11/15/26 (c)		340			341,588
Metropolitan Transportation Authority, Series A-2 (RB) 5.00%, 05/15/30 (p)		4,935			5,384,050
Metropolitan Transportation Authority, Series B-2 (RB)
5.00%, 11/15/26 (c)		15			16,078
5.00%, 11/15/27 (c)		1,185			1,298,281
Metropolitan Transportation Authority, Series C-1 (RB)
4.00%, 05/15/28 (c)		395			396,800
4.00%, 05/15/28 (c)		1,980			2,002,729
5.00%, 05/15/28 (c)		1,445			1,549,151
5.00%, 05/15/28 (c)		2,540			2,711,952
5.00%, 05/15/28 (c)		470			504,338
5.00%, 05/15/28 (c)		1,540			1,653,015
5.00%, 05/15/28 (c)		810			861,027
Metropolitan Transportation Authority, Series C-2 (RB) 0.00%, 11/15/33 ^		1,035			675,972
Metropolitan Transportation Authority, Series D (RB)
3.12%, 11/15/26 (c)		265			237,296
4.00%, 11/15/26 (c)		400			401,863
5.00%, 05/15/28 (c)		1,085			1,164,624
5.00%, 05/15/28 (c)		535			571,218
5.00%, 05/15/28 (c)		1,570			1,680,128
Metropolitan Transportation Authority, Series D-1 (RB) (BAM) 5.00%, 11/15/25 (c)		2,000			2,087,993
Metropolitan Transportation Authority, Series E (RB)
5.00%, 11/15/23 (c)		1,775			1,781,580
5.00%, 11/15/30		1,000			1,087,533
New York City Housing Development Corp., Multi-Family Housing, Series A (RB) (AGC) 2.90%, 04/01/30 (c)		1,000			863,102

	Par (000’s		)	Value
New York (continued)
New York City Housing Development Corp., Multi-Family Housing, Series A-1 (RB) 3.70%, 11/15/23 (c)	$	2,000		$	1,999,524
New York City Housing Development Corp., Multi-Family Housing, Series A-1-C (RB) 2.35%, 05/01/28 (c)		1,100			905,445
New York City Housing Development Corp., Multi-Family Housing, Series F-1 (RB) (FHA 542(C)) 2.10%, 05/01/29 (c)		2,000			1,549,620
New York City Industrial Development Agency, Queens Baseball Stadium Project, Series A (RB) (AGM)
2.00%, 01/01/31 (c)		1,250			892,340
4.00%, 01/01/31 (c)		500			526,298
5.00%, 01/01/31		2,700			3,078,119
New York City Industrial Development Agency, Yankee Stadium Project, Series A (RB) (AGM)
4.00%, 09/01/30 (c)		2,500			2,603,306
5.00%, 03/01/30		2,145			2,414,603
New York City Municipal Water Finance Authority, Series AA (RB)
5.00%, 12/15/29 (c)		1,000			1,157,583
5.00%, 06/15/27 (c)		960			1,033,335
New York City Municipal Water Finance Authority, Series BB (RB) 5.00%, 06/15/27 (c)		310			340,408
New York City Municipal Water Finance Authority, Series CC-1 (RB) 5.00%, 12/15/26 (c)		1,000			1,062,660
New York City Municipal Water Finance Authority, Series DD (RB)
5.00%, 06/15/23 (c)		1,000			1,002,064
5.00%, 06/15/23 (c)		4,500			4,509,286
5.00%, 06/15/33 (c)		1,000			1,219,899
New York City Municipal Water Finance Authority, Series FF-2 (RB) 5.00%, 06/15/29 (c)		500			571,653
New York City Transitional Finance Authority Future Tax, Series F-1 (RB) 5.00%, 02/01/33 (c)		1,000			1,141,524
New York City Transitional Finance Authority, Building Aid, Series S-1 (RB) (SAW) 3.00%, 07/15/31 (c)		1,400			1,257,864

	Par (000’s		)	Value
New York (continued)
4.00%, 07/15/31 (c)	$	1,375		$	1,432,319
New York City Transitional Finance Authority, Building Aid, Series S-2 (RB) (SAW) 5.00%, 07/15/28 (c)		1,010			1,131,490
New York City Transitional Finance Authority, Building Aid, Series S-3 (RB) (SAW)
5.00%, 07/15/28 (c)		1,605			1,793,180
5.00%, 07/15/28 (c)		1,000			1,103,879
New York City Transitional Finance Authority, Building Aid, Series S-4 (RB) (SAW)
5.00%, 07/15/28 (c)		500			558,623
5.25%, 07/15/28 (c)		1,415			1,584,071
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A (RB)
3.00%, 11/01/30 (c)		2,000			1,786,149
5.00%, 11/01/30 (c)		3,000			3,402,494
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A-1 (RB)
4.00%, 05/01/26 (c)		630			653,327
5.00%, 11/01/31 (c)		1,000			1,190,610
5.00%, 05/01/26 (c)		280			298,477
5.00%, 05/01/26 (c)		655			692,794
5.00%, 05/01/26 (c)		880			932,853
5.00%, 05/01/26 (c)		450			477,959
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A-2 (RB) 5.00%, 08/01/27 (c)		2,000			2,127,057
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series B-1 (RB)
4.00%, 11/01/29 (c)		1,500			1,505,936
4.00%, 08/01/31 (c)		1,190			1,195,731
5.00%, 05/01/24 (c)		2,980			3,028,687
5.00%, 05/01/27 (c)		1,065			1,156,529
5.00%, 08/01/24 (c)		1,345			1,375,041
5.00%, 08/01/26 (c)		690			738,075
5.00%, 08/01/26 (c)		540			577,276
5.00%, 08/01/26 (c)		895			955,920
5.00%, 08/01/26 (c)		530			568,292
5.00%, 08/01/27 (c)		350			380,056
5.00%, 08/01/27 (c)		1,000			1,091,164
5.00%, 08/01/28 (c)		780			868,874
5.00%, 08/01/30 (c)		1,000			1,167,012
5.00%, 08/01/31 (c)		1,000			1,178,027
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series C (RB) 5.00%, 05/01/27 (c)		2,280			2,482,453

	Par (000’s		)	Value
New York (continued)
5.00%, 05/01/27 (c)	$	900		$	976,079
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series C-1 (RB)
4.00%, 11/01/30 (c)		1,690			1,697,576
5.00%, 11/01/30 (c)		2,500			2,815,355
5.00%, 11/01/30 (c)		1,400			1,636,276
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series D-1 (RB) 4.00%, 05/01/32 (c)		1,500			1,524,587
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series E-1 (RB)
5.00%, 02/01/25 (c)		1,195			1,230,690
5.00%, 02/01/26 (c)		1,500			1,586,189
5.00%, 02/01/27 (c)		1,190			1,288,462
5.00%, 02/01/27 (c)		1,710			1,810,332
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series G-1 (RB) 4.00%, 11/01/30		6,000			6,579,793
New York Liberty Development Corp., Goldman Sachs Headquarters Issue (RB) 5.25%, 10/01/35		1,000			1,148,940
New York State Dormitory Authority, Memorial Sloan-Kettering Cancer Center, Series 1 (RB) 4.00%, 07/01/29 (c)		1,000			1,017,274
New York State Dormitory Authority, Montefiore Medical Center, Series A (RB) 5.00%, 08/01/28 (c)		1,000			988,924
New York State Dormitory Authority, New York University, Series A (RB)
5.00%, 07/01/25 (c)		3,000			3,127,453
5.00%, 07/01/27 (c)		1,140			1,243,760
5.00%, 07/01/28 (c)		385			429,555
New York State Dormitory Authority, New York University, Series A (RB) (AGC) 5.00%, 03/15/28 (c)		1,250			1,354,573
New York State Dormitory Authority, Sales Tax, Series A (RB)
5.00%, 03/15/24 (c)		2,150			2,181,653
5.00%, 03/15/24 (c)		1,310			1,326,695
New York State Dormitory Authority, School Districts Bond Financing Program, Series A (RB) (SAW) 5.00%, 10/01/26 (c)		1,200			1,284,545

	Par (000’s		)	Value
New York (continued)
5.00%, 10/01/26 (c)	$	1,325		$	1,420,586
New York State Dormitory Authority, State Personal Income Tax, Series A (RB)
3.00%, 09/15/30 (c)		3,120			2,738,666
4.00%, 02/15/27 (c)		1,235			1,259,936
4.00%, 02/15/27 (c)		475			488,396
4.00%, 02/15/27 (c)		1,000			1,045,288
4.00%, 03/15/31 (c)		2,795			2,851,057
4.00%, 03/15/31 (c)		1,075			1,103,020
4.00%, 09/15/30 (c)		1,135			1,162,201
5.00%, 02/15/27 (c)		2,115			2,290,062
5.00%, 02/15/27 (c)		595			644,251
5.00%, 03/15/29 (c)		2,370			2,667,819
5.00%, 03/15/29 (c)		3,910			4,328,347
5.00%, 03/15/29 (c)		1,950			2,177,157
5.00%, 03/15/30		1,000			1,159,352
5.00%, 03/15/31 (c)		4,000			4,669,199
5.00%, 08/15/26 (c)		2,000			2,094,397
5.00%, 09/15/32 (c)		2,000			2,261,635
5.25%, 09/15/28 (c)		1,305			1,441,167
New York State Dormitory Authority, State Personal Income Tax, Series B (RB)
5.00%, 02/15/25 (c)		1,095			1,133,305
5.00%, 08/15/27 (c)		2,000			2,189,588
5.00%, 08/15/27 (c)		2,270			2,452,547
New York State Dormitory Authority, State Personal Income Tax, Series C (RB) 5.00%, 03/15/24 (c)		385			391,399
New York State Dormitory Authority, State Personal Income Tax, Series D (RB)
5.00%, 02/15/30 (c)		2,000			2,300,554
5.00%, 02/15/30		1,150			1,331,186
5.00%, 08/15/26 (c)		940			998,184
New York State Dormitory Authority, State Personal Income Tax, Series E (RB)
4.00%, 03/15/32 (c)		2,000			2,057,770
4.00%, 03/15/32 (c)		1,500			1,533,328
5.00%, 09/15/25 (c)		3,000			3,154,007
New York State Dormitory Authority, State Sales Tax, Series A (RB)
5.00%, 01/01/27 (c)		250			260,963
5.00%, 03/15/24 (c)		340			345,299
5.00%, 03/15/27 (c)		1,000			1,082,281
5.00%, 03/15/27 (c)		515			558,520
5.00%, 03/15/27 (c)		2,110			2,281,301
5.00%, 03/15/27 (c)		305			330,908
New York State Dormitory Authority, State Sales Tax, Series C (RB)
5.00%, 03/15/28 (c)		520			580,624
5.00%, 03/15/28 (c)		1,970			2,177,167

	Par (000’s		)	Value
New York (continued)
New York State Environmental Facilities Corp., Municipal Water Finance Authority Projects, Series A (RB)
5.00%, 06/15/24 (c)	$	2,000		$	2,042,908
5.00%, 06/15/26 (c)		415			443,008
5.00%, 06/15/26 (c)		765			818,049
New York State Environmental Facilities Corp., Municipal Water Finance Authority Projects, Series B (RB)
4.00%, 06/15/29 (c)		1,530			1,569,183
5.00%, 06/15/29 (c)		1,250			1,404,215
New York State Environmental Facilities Corp., Municipal Water Finance Authority Projects, Series E (RB)
3.00%, 06/15/27 (c)		495			503,266
5.00%, 06/15/27 (c)		500			545,887
5.00%, 06/15/27 (c)		1,000			1,093,054
New York State Housing Finance Agency, Series H (RB) (AGM) 2.10%, 05/01/29 (c)		835			667,156
New York State Thruway Authority, Personal Income Tax, Series A-1 (RB) 4.00%, 03/15/31 (c)		525			526,038
New York State Thruway Authority, Series A (RB)
5.00%, 01/01/26 (c)		600			630,751
5.00%, 01/01/26 (c)		650			683,996
New York State Thruway Authority, Series B (RB) (AGM)
4.00%, 01/01/30 (c)		3,155			3,152,038
4.00%, 01/01/30 (c)		800			812,266
New York State Thruway Authority, Series K (RB)
5.00%, 01/01/25 (c)		2,500			2,577,978
5.00%, 01/01/25 (c)		4,335			4,477,352
New York State Thruway Authority, Series L (RB) 3.50%, 01/01/28 (c)		1,120			1,076,619
New York State Thruway Authority, Series O (RB) 4.00%, 07/01/31 (c)		2,000			1,981,105
New York State Thruway Authority, State Personal Income, Series A-1 (RB)
5.00%, 03/15/31 (c)		2,000			2,333,053
5.00%, 03/15/31 (c)		800			923,432
New York State Urban Development Corp., Personal Income Tax, Series A (RB) 4.00%, 09/15/30 (c)		500			499,983

	Par (000’s		)	Value
New York (continued)
New York State Urban Development Corp., State Personal Income, Series A (RB)
5.00%, 03/15/27 (c)	$	750		$	814,859
5.00%, 05/19/23 (c)		1,800			1,801,905
5.00%, 09/15/29		2,000			2,293,293
5.00%, 09/15/30 (c)		1,475			1,660,808
New York State Urban Development Corp., State Personal Income, Series C (RB)
4.00%, 09/15/30 (c)		1,000			1,064,835
4.00%, 09/15/30 (c)		1,000			1,022,665
5.00%, 09/15/27 (c)		4,295			4,711,345
5.00%, 09/15/27 (c)		350			384,091
New York State Urban Development Corp., State Sales Tax, Series A (RB)
5.00%, 09/15/29 (c)		1,000			1,133,033
5.00%, 09/15/31 (c)		4,500			5,202,058
New York Transportation Development Corp., Terminal 4 John F. Kennedy International Airport Project, Series C (RB)
5.00%, 12/01/30		1,150			1,293,715
5.00%, 12/01/30 (c)		1,000			1,088,414
5.00%, 12/01/30 (c)		750			828,307
Port Authority of New York and New Jersey, Series 179 (RB) 5.00%, 12/01/23 (c)		2,000			2,019,124
Port Authority of New York and New Jersey, Series 184 (RB) 5.00%, 09/01/24 (c)		2,000			2,046,428
Port Authority of New York and New Jersey, Series 205 (RB) 5.00%, 11/15/27 (c)		840			927,826
Port Authority of New York and New Jersey, Series 209 (RB) 5.00%, 07/15/28 (c)		500			546,998
Port Authority of New York and New Jersey, Series 211 (RB) 5.00%, 09/01/28 (c)		500			555,983
Port Authority of New York and New Jersey, Series 217 (RB) 5.00%, 11/01/29 (c)		500			557,099
Port Authority of New York and New Jersey, Series 222 (RB)
4.00%, 07/15/30 (c)		2,600			2,727,216
4.00%, 07/15/30 (c)		3,975			4,114,151
5.00%, 07/15/30 (c)		1,000			1,158,289
5.00%, 07/15/30 (c)		1,000			1,168,603
State of New York, Mortgage Agency, Series 195 (RB) 3.00%, 04/01/25 (c)		615			601,066
State of New York, Mortgage Agency, Series 205 (RB) 3.12%, 10/01/26 (c)		460			445,358

	Par (000’s		)	Value
New York (continued)
Triborough Bridge and Tunnel Authority, Payroll Mobility Tax (RB)
5.00%, 11/15/31	$	1,000		$	1,203,704
5.00%, 05/15/33 (c)		1,000			1,206,633
Triborough Bridge and Tunnel Authority, Payroll Mobility Tax, Series C-1A (RB) 5.00%, 11/15/31 (c)		1,225			1,392,054
Triborough Bridge and Tunnel Authority, Series B (RB)
5.00%, 11/15/31		1,000			1,194,315
5.00%, 05/15/27 (c)		2,085			2,232,274
5.00%, 05/15/27 (c)		1,070			1,167,040
5.00%, 05/15/27 (c)		1,000			1,072,702
5.00%, 05/15/27 (c)		1,255			1,364,444
Troy Capital Resource Corp., Rensselaer Polytechnic Institute Project, Series A (RB)
5.00%, 09/01/30 (c)		500			542,527
5.00%, 09/01/30 (c)		1,795			2,014,592
TSASC, Inc., Tobacco Settlement Bonds, Series A (RB)
5.00%, 06/01/27 (c)		845			875,940
5.00%, 06/01/27 (c)		500			522,229
Utility Debt Securitization Authority (RB)
5.00%, 12/15/25 (c)		2,830			2,964,253
5.00%, 12/15/27 (c)		2,000			2,176,385
Utility Debt Securitization Authority, Series A (RB)
5.00%, 06/15/26 (c)		610			652,300
5.00%, 06/15/26 (c)		500			531,432
5.00%, 06/15/26 (c)		2,000			2,137,451
Utility Debt Securitization Authority, Series E (RB)
5.00%, 12/15/23 (c)		1,250			1,264,477
5.00%, 12/15/32 (c)		2,000			2,404,230
Westchester County Local Development Corp., Pace University, Series A (RB) 5.00%, 05/01/24 (c)		1,000			1,009,591
					335,675,622
North Carolina: 1.3%
Charlotte-Mecklenburg Hospital Authority, Atrium Health Care, Series B (RB) 1.95%, 11/01/29 (p)		1,500			1,354,921
Charlotte-Mecklenburg Hospital Authority, Atrium Health Care, Series D (RB) 5.00%, 12/01/31 (p)		3,000			3,457,623
County of Mecklenburg, Series A (GO) 4.00%, 04/01/27 (c)		900			948,177
County of Mecklenburg, Series B (GO) 2.00%, 12/01/26 (c)		250			234,938

	Par (000’s		)	Value
North Carolina (continued)
County of Wake (RB) 3.00%, 03/01/31 (c)	$	1,500		$	1,430,228
North Carolina Charlotte Douglas International Airport, Series A (RB) 4.00%, 07/01/31 (c)		1,000			1,020,696
North Carolina Housing Finance Agency Home Ownership (RB) 4.60%, 07/01/31 (c)		1,000			1,033,400
North Carolina Municipal Power Agency No. 1, Series A (RB) 5.00%, 01/01/30 (c)		1,000			1,127,450
North Carolina Turnpike Authority, Triangle Expressway System (RB) 5.00%, 01/01/27 (c)		500			527,787
North Carolina Turnpike Authority, Triangle Expressway System (RB) (AGM) 5.00%, 01/01/29 (c)		380			421,108
North Carolina Turnpike Authority, Triangle Expressway System, Series A (RB)
4.00%, 01/01/28 (c)		890			933,203
4.00%, 01/01/28 (c)		360			376,170
4.00%, 01/01/28 (c)		800			832,533
State of North Carolina, Department of State Treasurer, Series B (GO) 2.12%, 06/01/29 (c)		625			513,677
State of North Carolina, Grant Anticipation Vehicle (RB) 5.00%, 03/01/29 (c)		1,500			1,698,418
State of North Carolina, Series A (GO)
3.00%, 06/01/28 (c)		380			376,492
5.00%, 06/01/28 (c)		1,140			1,285,395
5.00%, 06/01/30 (c)		1,100			1,290,940
State of North Carolina, Series A (RB) 5.00%, 05/01/29 (c)		1,000			1,139,894
State of North Carolina, Series B (RB)
3.00%, 05/01/27 (c)		800			791,267
5.00%, 05/01/27 (c)		880			964,035
University of North Carolina at Chapel Hill, Series B (RB) 5.00%, 12/01/31 (c)		1,000			1,156,540
					22,914,892
Ohio: 2.0%
Akron Bath Copley Joint Township Hospital District, Summa Health (RB)
4.00%, 11/15/30 (c)		1,000			974,195
4.00%, 11/15/30 (c)		1,000			944,413

	Par (000’s		)	Value
Ohio (continued)
Buckeye Tobacco Settlement Financing Authority, Series A-2 (RB)
5.00%, 06/01/30 (c)	$	500		$	545,271
5.00%, 06/01/30 (c)		3,000			3,260,177
5.00%, 06/01/30 (c)		500			546,334
City of Columbus, Various Purpose (GO) 4.00%, 10/01/27 (c)		200			210,290
City of Columbus, Various Purpose, Series A (GO) 5.00%, 04/01/30		1,000			1,167,927
City of Columbus, Various Purpose, Series B (GO) 5.00%, 04/01/29 (c)		1,245			1,418,382
County of Allen, Ohio Hospital Facilities, Mercy Health, Series A (RB)
5.00%, 12/01/29		1,250			1,421,077
5.00%, 02/01/28 (c)		1,030			1,126,485
5.00%, 06/01/30 (c)		1,000			1,142,834
County of Butler, Ohio Hospital facilities, UC Health (RB) 4.00%, 11/15/27 (c)		1,205			1,108,415
County of Cuyahoga, Ohio Hospital, The Metrohealth System (RB) 5.00%, 02/15/27 (c)		100			104,103
County of Hamilton, Series A (RB) 4.00%, 12/01/26 (c)		1,000			1,028,005
Northeast Ohio Regional Sewer District (RB) 3.00%, 11/15/29 (c)		1,000			955,289
Ohio State University, Series A (RB)
5.00%, 12/01/29		2,225			2,575,971
5.00%, 06/01/23 (c)		1,000			1,001,306
Ohio Turnpike and Infrastructure Commission, Series A (RB)
5.00%, 02/15/28 (c)		1,845			2,053,193
5.00%, 02/15/28 (c)		500			556,156
5.00%, 02/15/28 (c)		500			556,397
Ohio Water Development Authority, Drinking Water, Series A (RB) 5.00%, 06/01/31 (c)		1,335			1,532,564
Ohio Water Development Authority, Fresh Water (RB) 5.00%, 12/01/29 (c)		1,760			1,966,108
Ohio Water Development Authority, Water Pollution Control, Series A (RB)
5.00%, 06/01/27 (c)		2,065			2,258,254
5.00%, 06/01/30 (c)		1,970			2,216,441
5.00%, 06/01/30 (c)		1,000			1,161,978

	Par (000’s		)	Value
Ohio (continued)
State of Ohio Hospital, Cleveland Clinic Health System, Series A (GO) 5.00%, 03/15/24 (c)	$	480		$	487,191
State of Ohio Hospital, Cleveland Clinic Health System, Series A (RB)
4.00%, 01/01/28 (c)		760			789,430
5.00%, 01/01/28 (c)		130			141,945
5.00%, 01/01/28 (c)		135			148,179
5.00%, 01/01/28 (c)		140			153,536
State of Ohio, Higher Educational Facility, Case Western Reserve University Project (RB) 3.25%, 12/01/25 (c)		165			162,512
State of Ohio, Highway Capital Improvement, Series T (GO) 5.00%, 05/01/27 (c)		1,000			1,087,560
State of Ohio, Major New Infrastructure Project (RB) 5.00%, 12/15/31		1,225			1,465,000
					36,266,918
Oklahoma: 0.2%
Canadian County Educational Facilities Authority, Mustang Public Schools (RB) 3.00%, 09/01/26 (c)		330			331,222
Grand River Dam Authority, Series A (RB)
4.00%, 12/01/26 (c)		2,000			2,053,767
5.00%, 12/01/26 (c)		515			553,722
Oklahoma Turnpike Authority, Series C (RB) 5.00%, 01/01/27 (c)		565			609,674
					3,548,385
Oregon: 1.1%
Asante Health System, Hospital Facilities Authority of the City of Medford, Asante Projects, Series A (RB) 5.00%, 08/15/30 (c)		720			805,031
Asante Health System, Hospital Facilities Authority of the City of Medford, Asante Projects, Series A (RB) (AGM) 5.00%, 08/15/30 (c)		700			779,206
City of Portland Oregon, Sewer System, Series A (RB) 3.00%, 09/01/30 (c)		2,350			2,148,183
Corvallis School District No. 509J, Series B (GO) (SBG) 5.00%, 06/15/28 (c)		1,285			1,423,767
Hillsboro School District No. 1J (GO) (SBG)
5.00%, 06/15/27 (c)		590			637,391
5.00%, 06/15/27 (c)		1,000			1,091,286

	Par (000’s		)	Value
Oregon (continued)
Multnomah and Clackamas Counties School District No. 10JT (GO) (SBG)
0.00%, 06/15/27 (c) ^	$	1,010		$	680,190
0.00%, 06/15/27 (c) ^		1,215			860,819
Multnomah County School District No. 1J, Series B (GO) (SBG) 3.00%, 06/15/30 (c)		1,280			1,269,759
Portland Community College District (GO) 5.00%, 06/15/33 (c)		1,000			1,180,856
Salem-Keizer School District No. 24J (GO) (SBG)
4.00%, 06/15/28 (c)		740			772,283
4.00%, 06/15/30 (c)		2,000			2,055,694
5.00%, 06/15/28 (c)		545			609,807
State of Oregon, Department of Transportation, Highway User Tax, Series A (RB)
4.00%, 11/15/30 (c)		3,000			3,064,613
5.00%, 11/15/29 (c)		1,650			1,852,393
5.00%, 11/15/30 (c)		1,000			1,141,640
State of Oregon, Seismic Project and Article XI-Q, Series F (GO) 5.00%, 05/01/26 (c)		10			10,669
Tri-County Metropolitan Transportation District of Oregon, Series A (RB) 3.25%, 04/01/28 (c)		570			552,227
					20,935,814
Pennsylvania: 3.9%
Allegheny County Hospital Development Authority, Series A (RB)
5.00%, 04/01/28 (c)		1,120			1,199,175
5.00%, 07/15/29 (c)		360			401,887
5.00%, 07/15/29 (c)		810			896,357
Allegheny County Sanitary Authority (RB) 5.00%, 12/01/25 (c)		1,000			1,039,558
City of Philadelphia (GO) (AGM) 5.00%, 08/01/27 (c)		380			411,752
City of Philadelphia, Gas Works (RB)
5.00%, 10/01/26 (c)		880			928,775
5.00%, 10/01/26 (c)		680			712,979
5.00%, 10/01/26 (c)		735			775,251
5.00%, 10/01/26 (c)		970			1,020,237
City of Philadelphia, Series A (GO)
4.00%, 05/01/31 (c)		1,925			1,931,672
5.00%, 08/01/27 (c)		750			816,739
5.00%, 08/01/27 (c)		750			816,695
City of Philadelphia, Series A (RB) (AGC) 4.00%, 07/01/30 (c)		1,000			1,020,113

	Par (000’s		)	Value
Pennsylvania (continued)
City of Philadelphia, Series B (GO) 5.00%, 08/01/29 (c)	$	1,500		$	1,637,468
Commonwealth Financing Authority, Series A (RB) 5.00%, 06/01/25 (c)		1,595			1,645,829
Commonwealth Financing Authority, Tobacco Master Settlement Payment (RB)
5.00%, 06/01/28 (c)		265			288,019
5.00%, 06/01/28 (c)		775			847,763
Commonwealth of Pennsylvania (GO)
3.00%, 01/01/27 (c)		510			509,772
3.00%, 09/15/26 (c)		1,055			991,727
4.00%, 02/01/26 (c)		1,500			1,535,773
4.00%, 05/15/31 (c)		2,000			2,173,264
4.00%, 08/15/25 (c)		1,500			1,527,844
4.00%, 09/15/26 (c)		170			174,168
Geisinger Authority Health System, Series A (RB) 4.00%, 04/01/30 (c)		1,000			988,324
Geisinger Authority Health System, Series C (RB) 5.00%, 04/01/30 (c) (p)		2,000			2,201,725
Lancaster County, Hospital Authority, Penn State Health (RB) 5.00%, 11/01/29 (c)		1,100			1,181,040
Pennsylvania Economic Development Financing Authority, UPMC (RB) 5.00%, 09/15/26 (c)		385			412,763
Pennsylvania Economic Development Financing Authority, UPMC, Series A (RB)
3.38%, 11/15/27 (c)		1,000			1,001,266
4.00%, 11/15/27 (c)		205			208,811
Pennsylvania Higher Educational Facilities Authority, Commonwealth of Pennsylvania (RB) 5.00%, 05/01/26 (c)		125			131,287
Pennsylvania Higher Educational Facilities Authority, Commonwealth of Pennsylvania, Series AT-1 (RB) 4.00%, 06/15/26 (c)		775			792,294
Pennsylvania Higher Educational Facilities Authority, Trustee of University, Series A (RB) 4.00%, 08/15/26 (c)		1,000			1,037,104
Pennsylvania Higher Educational Facilities Authority, Trustee of University, Series B (RB) 5.00%, 10/01/25 (c)		2,675			2,806,280

	Par (000’s		)	Value
Pennsylvania (continued)
Pennsylvania Higher Educational Facilities Authority, University of Pennsylvania Health System, Series A (RB)
3.12%, 08/15/27 (c)	$	150		$	149,475
5.00%, 08/15/27 (c)		270			293,923
Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 119 (RB) 3.20%, 04/01/25 (c)		425			409,434
Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 121 (RB) 2.80%, 10/01/25 (c)		700			656,706
Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 122 (RB) 3.65%, 04/01/26 (c)		315			315,641
Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 123B (RB) 3.45%, 10/01/26 (c)		1,620			1,594,951
Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 124-B (RB) 3.20%, 10/01/26 (c)		300			292,240
Pennsylvania Turnpike Commission (RB) 5.00%, 12/01/24 (c)		1,000			1,029,289
Pennsylvania Turnpike Commission, Motor License (RB) 4.00%, 12/01/27 (c)		2,000			2,032,300
Pennsylvania Turnpike Commission, Series A (RB)
5.00%, 12/01/26 (c)		310			333,792
5.00%, 12/01/26 (c)		750			801,651
5.00%, 12/01/29 (c)		1,000			1,100,806
5.00%, 12/01/29 (c)		500			561,697
5.00%, 12/01/32 (c)		1,000			1,168,468
Pennsylvania Turnpike Commission, Series A-2 (RB) 5.00%, 12/01/28 (c)		1,250			1,356,559
Pennsylvania Turnpike Commission, Series B (RB)
5.00%, 12/01/25 (c)		1,010			1,064,477
5.00%, 06/01/26 (c)		2,650			2,758,995
5.00%, 06/01/31 (c)		700			804,804
Pennsylvania Turnpike Commission, Series B (RB) (AGM) 5.00%, 06/01/27 (c)		510			549,928
Pennsylvania Turnpike Commission, Series B-2 (RB) (AGM) 5.00%, 06/01/27 (c)		1,735			1,874,901

	Par (000’s		)	Value
Pennsylvania (continued)
Philadelphia Authority for Industrial Development, Children’s Hospital of Philadelphia Project (RB)
4.00%, 07/01/27 (c)	$	1,355		$	1,380,070
4.00%, 07/01/27 (c)		110			113,093
Pittsburgh Water and Sewer Authority, Series B (RB) (AGM)
5.00%, 09/01/31		1,460			1,718,554
5.00%, 09/01/32		2,000			2,385,561
5.00%, 09/01/33		2,000			2,411,516
School District of Philadelphia, Series A (GO) (SAW) 5.00%, 09/01/28 (c)		660			725,459
School District of Philadelphia, Series F (GO) (SAW)
5.00%, 09/01/26 (c)		1,570			1,619,865
5.00%, 09/01/26 (c)		485			508,895
5.00%, 09/01/26 (c)		1,000			1,033,338
Southeastern Pennsylvania Transportation Authority, Capital Grant (RB) 5.00%, 06/01/27 (c)		845			920,082
Sports and Exhibition Authority, Regional Asset District (RB) (AGM) 5.00%, 08/01/29 (c)		1,000			1,129,890
State Public School Building Authority, School District of Philadelphia Project, Series A (RB) (AGM)
5.00%, 12/01/26 (c)		1,750			1,855,804
5.00%, 12/01/26 (c)		1,225			1,295,660
					70,311,535
Rhode Island: 0.3%
Rhode Island Commerce Corp., Department of Transportation, Series B (RB) 5.00%, 06/15/26 (c)		380			401,443
Rhode Island Health and Educational Building Corp., Financing Program, Series F (RB) 4.00%, 05/15/31 (c)		1,000			1,011,783
Rhode Island Housing and Mortgage Finance Corp., Series A (RB) 2.05%, 04/01/30 (c)		1,000			784,850
Rhode Island Housing and Mortgage Finance Corp., Series A (RB) (AGM) 2.10%, 10/01/29 (c)		1,000			826,904
State of Rhode Island and Providence Plantations, Series B (GO) 5.00%, 08/01/27 (c)		250			275,998

	Par (000’s		)	Value
Rhode Island (continued)
State of Rhode Island, Series A (GO) 5.00%, 08/01/32 (c)	$	2,000		$	2,279,167
					5,580,145
South Carolina: 0.5%
Lancaster County School District (GO) 3.25%, 03/01/27 (c)		325			324,855
Lexington County Health Services District, Inc. (RB) (AGM) 5.00%, 11/01/27 (c)		100			107,680
Piedmont Municipal Power Agency, Series B (RB) 5.00%, 01/01/31 (c)		1,000			1,127,706
South Carolina Transportation Infrastructure Bank, Series A (RB) 5.00%, 10/01/27 (c)		1,000			1,077,295
South Carolina, Public Service Authority, Series A (RB)
4.00%, 12/01/31 (c)		1,115			1,137,182
5.00%, 06/01/26 (c)		1,500			1,537,612
South Carolina, Public Service Authority, Series A (RB) (SAW) 5.00%, 12/01/30 (c)		3,000			3,322,949
Town of Mount Pleasant, South Carolina Water and Sewer System, Series A (RB) 4.00%, 06/01/27 (c)		1,000			1,014,257
					9,649,536
South Dakota: 0.0%
South Dakota Health and Educational Facilities Authority (RB)
5.00%, 09/01/27 (c)		255			273,262
5.00%, 09/01/27 (c)		100			107,056
					380,318
Tennessee: 0.9%
Greeneville Health and Educational Facilities Board, Ballad Health, Series A (RB)
5.00%, 07/01/23 (c)		915			915,913
5.00%, 07/01/23 (c)		1,500			1,501,099
5.00%, 07/01/23 (c)		810			810,768
5.00%, 07/01/23 (c)		550			550,585
Metropolitan Government of Nashville and Davidson County (GO)
4.00%, 07/01/26 (c)		545			565,412
4.00%, 07/01/26 (c)		580			600,676
4.00%, 07/01/27 (c)		275			286,835
Metropolitan Government of Nashville and Davidson County, Health and Educational Facilities Board, Vanderbilt University Center, Series A (RB) 5.00%, 07/01/26 (c)		130			135,306

	Par (000’s		)	Value
Tennessee (continued)
Shelby County, Public Improvement, Series B (GO)
4.00%, 04/01/30 (c)	$	1,000		$	1,075,965
4.00%, 04/01/30 (c)		3,000			3,237,722
4.00%, 04/01/30 (c)		1,000			1,062,242
Tennessee Corp. Gas Supply, Series A (RB) 5.50%, 12/01/30 (c) (p)		2,000			2,119,756
Tennessee Energy Acquisition Corp., Commodity Project, Series A (RB) 5.00%, 11/01/31 (c) (p)		4,000			4,236,388
					17,098,667
Texas: 8.5%
Aldine Independent School District, Series A (GO)
4.00%, 02/15/27 (c)		675			692,723
4.00%, 02/15/27 (c)		910			937,217
Alvin Independent School District (GO) 3.38%, 02/15/28 (c)		350			327,583
Arlington Independent School District (GO)
4.00%, 02/15/29 (c)		500			523,398
4.00%, 02/15/29 (c)		1,000			1,058,930
Austin Independent School District (GO) 5.00%, 02/01/33 (c)		1,500			1,774,414
Board of Regents of the University of Texas System, Series A (RB) 5.00%, 08/15/30		2,500			2,922,205
Board of Regents of the University of Texas System, Series A (RB) (AGM) 5.00%, 08/15/29 (c)		850			971,332
Board of Regents of the University of Texas System, Series B (RB) 5.00%, 08/15/29		2,040			2,343,174
City of Austin, Water and Wastewater System (RB) 5.00%, 05/15/24 (c)		1,065			1,083,622
City of Dallas (GO) 5.00%, 02/15/25 (c)		1,055			1,094,857
City of Dallas, Series A (GO) 3.00%, 02/15/29 (c)		600			555,528
City of Dallas, Waterworks and Sewer System, Series A (RB)
5.00%, 10/01/26 (c)		600			642,071
5.00%, 10/01/26 (c)		565			604,997
City of Dallas, Waterworks and Sewer System, Series C (RB) 5.00%, 10/01/30 (c)		1,000			1,159,562
City of Denton, Utility System (RB) 5.00%, 12/01/26 (c)		965			1,031,647

	Par (000’s		)	Value
Texas (continued)
City of Houston, Airport System, Series D (RB) 5.00%, 07/01/28 (c)	$	1,000		$	1,083,649
City of Houston, Combined Utility System, First Lien, Series A (RB) 5.00%, 11/15/30 (c)		4,500			5,190,027
City of Houston, Combined Utility System, First Lien, Series C (RB) 4.00%, 11/15/30 (c)		1,500			1,536,087
City of Houston, Combined Utility System, First Lien, Series D (RB)
5.00%, 11/15/28 (c)		1,000			1,115,651
5.00%, 11/15/28 (c)		750			825,265
City of Houston, Public Improvement, Series A (GO)
5.00%, 03/01/29 (c)		1,215			1,373,609
5.00%, 03/01/29 (c)		1,000			1,127,564
City of Houston, Series A (GO)
5.00%, 03/01/26 (c)		180			190,974
5.00%, 03/01/26 (c)		515			546,996
5.00%, 03/01/27 (c)		520			564,305
5.00%, 03/01/27 (c)		500			543,559
City of Lubbock, Texas Electric Light and Power System (RB) 4.00%, 04/15/30 (c)		1,550			1,552,309
City of San Antonio, Electric and Gas Systems (RB)
4.00%, 02/01/30		1,000			1,066,268
5.00%, 02/01/32 (c)		1,000			1,176,295
City of San Antonio, Electric and Gas Systems, Series B (RB) 4.00%, 02/01/33		1,000			1,080,537
Conroe Independent School District (GO) 5.00%, 02/15/25 (c)		1,430			1,478,760
Corpus Christi Independent School District (GO) 4.00%, 08/15/28 (c)		320			338,438
County of Bexar, Alamo Community College District (GO) 4.00%, 08/15/30 (c)		1,000			1,093,776
County of Bexar, Hospital District (GO)
4.00%, 02/15/26 (c)		115			116,953
5.00%, 02/15/26 (c)		1,315			1,384,961
County of Collin, Community College District (GO)
3.25%, 08/15/27 (c)		500			505,960
4.00%, 08/15/27 (c)		925			965,739
County of El Paso, Hospital District (GO) 4.00%, 08/15/27 (c)		250			245,112

	Par (000’s		)	Value
Texas (continued)
County of Harris, Cultural Education Facilities Finance Corp., TECO Project (RB)
4.00%, 11/15/27 (c)	$	950		$	986,464
5.00%, 11/15/27 (c)		850			931,997
County of Harris, Flood Control District, Series A (GO) 5.00%, 10/01/25 (c)		480			504,130
County of Harris, Flood Control District, Series A (RB)
4.00%, 10/01/27 (c)		2,855			2,900,965
4.00%, 10/01/27 (c)		1,000			1,011,139
5.00%, 10/01/27 (c)		210			230,170
County of Harris, Toll Road, First Lien (RB) 4.00%, 08/15/30 (c)		1,100			1,123,379
County of Harris, Toll Road, Senior Lien, Series A (RB) 5.00%, 08/15/26 (c)		675			711,799
County of Harris, Unlimited Tax Road, Series A (GO) 5.00%, 10/01/25 (c)		2,645			2,778,598
County of Tarrant, Cultural Education Facilities Finance Corp. (RB) 5.00%, 05/15/26 (c)		80			84,861
Cypress-Fairbanks Independent School District (GO)
4.00%, 02/15/25 (c)		1,735			1,763,063
4.00%, 02/15/30 (c)		1,275			1,309,215
Cypress-Fairbanks Independent School District, Series A (GO)
3.00%, 02/15/31 (c)		500			495,079
4.00%, 02/15/31 (c)		1,500			1,553,939
5.00%, 02/15/29 (c)		1,805			2,040,907
Dallas Area Rapid Transit, Senior Lien (RB) 5.00%, 12/01/29 (c)		1,835			2,089,446
Dallas Fort Worth International Airport (RB) 4.12%, 11/01/23 (c)		1,150			1,150,696
Dallas Independent School District (GO)
4.00%, 02/15/30 (c)		1,000			1,089,776
5.00%, 02/15/32 (c)		1,000			1,178,621
5.00%, 02/15/32 (c)		1,500			1,694,272
5.00%, 02/15/32 (c)		1,000			1,166,394
Eagle Mountain and Saginaw Independent School District (GO) 4.00%, 02/15/26 (c)		335			344,525
Fort Bend Independent School District (GO)
5.00%, 08/15/27 (c)		645			709,433
5.00%, 08/15/27 (c)		2,000			2,199,899
Frisco Independent School District (GO)
4.00%, 08/15/30 (c)		1,345			1,404,093
4.00%, 08/15/30 (c)		1,350			1,451,912

	Par (000’s		)	Value
Texas (continued)
5.00%, 02/15/29 (c)	$	2,000		$	2,206,137
Grand Parkway Transportation Corp., First Tier Toll, Series C (RB) 4.00%, 04/01/30 (c)		1,500			1,503,122
Houston Independent School District, Limited Tax School House (GO)
5.00%, 02/15/27 (c)		540			582,216
5.00%, 02/15/27 (c)		750			815,777
Houston Independent School District, Maintenance Tax Notes (GO) 5.00%, 07/15/28 (c)		605			677,672
Katy Independent School District, Fort Bend, Harris and Waller Counties (GO) 5.00%, 02/15/27 (c)		2,510			2,671,315
Katy Independent School District, Fort Bend, Harris and Waller Counties, Series D (GO) 5.00%, 02/15/27 (c)		120			129,663
Lone Star College System (GO)
4.00%, 02/15/26 (c)		1,500			1,544,822
5.00%, 02/15/26 (c)		400			420,952
Lower Colorado River Authority (RB) (AGM) 5.00%, 05/15/31 (c)		1,000			1,166,072
Lower Colorado River Authority, LCRA Transmission Services Corp. Project (RB) 5.00%, 05/15/30 (c)		1,250			1,377,966
North Texas Municipal Water District, Water System (RB)
5.00%, 09/01/26 (c)		715			757,627
5.00%, 09/01/26 (c)		45			48,303
North Texas Tollway Authority System, Series B (RB)
4.00%, 01/01/31 (c)		2,000			2,068,083
4.00%, 01/01/31 (c)		2,250			2,280,389
4.00%, 01/01/31 (c)		1,975			2,093,319
5.00%, 01/01/24 (c)		3,500			3,539,192
5.00%, 01/01/24 (c)		3,325			3,361,126
5.00%, 01/01/27 (c)		1,000			1,051,101
North Texas Tollway Authority, First Tier, Series A (RB)
4.12%, 01/01/32 (c)		2,000			2,019,327
5.00%, 01/01/26 (c)		1,195			1,253,066
5.00%, 01/01/26 (c)		425			445,651
5.00%, 01/01/26 (c)		1,675			1,756,369
5.00%, 01/01/26 (c)		500			523,966
North Texas Tollway Authority, Second Tier, Series B (RB) (AGM) 4.00%, 01/01/27 (c)		450			460,509
Northside Independent School District, Unlimited Tax (GO) 5.00%, 08/15/27 (c)		880			961,637

	Par (000’s		)	Value
Texas (continued)
Pflugerville Independent School District, Unlimited Tax, Series A (GO) 5.00%, 02/15/32 (c)	$	1,000		$	1,151,249
Plano Independent School District, Unlimited Tax (GO)
5.00%, 08/15/32 (c)		1,000			1,182,169
5.00%, 08/15/32 (c)		1,000			1,167,570
Port of Houston Authority of Harris County, Series A-2 (GO) 5.00%, 10/01/30 (c)		1,000			1,151,560
San Antonio Independent School District, Unlimited Tax School Building (GO) 4.00%, 08/15/28 (c)		500			522,007
San Antonio Water System, Junior Lien, Series A (RB) 4.00%, 05/15/31 (c)		1,150			1,171,527
State of Texas, Transportation Commission, Highway Improvement, Series A (GO) 5.00%, 04/01/26 (c)		500			526,751
Texas A&M University, Financing System, Series C (RB) 4.00%, 05/15/26 (c)		10			10,360
Texas Municipal Gas Acquisition & Supply Corp. III (RB)
5.00%, 12/15/29		2,250			2,357,695
5.00%, 12/15/31		1,475			1,552,665
5.00%, 12/15/32		1,000			1,056,340
Texas Private Activity Bond Surface Transportation Corp., LBJ Infrastructure Group LLC I-635 Managed Lanes Project, Series A (RB)
4.00%, 12/31/30 (c)		1,390			1,366,542
4.00%, 12/31/30 (c)		1,150			1,115,606
Texas Private Activity Bond Surface Transportation Corp., NTE Mobility Partners LLC Project, Series A (RB) 4.00%, 12/31/29 (c)		1,000			958,136
Texas Transportation Commission, Central Texas Turnpike System, Series C (RB) 5.00%, 08/15/24 (c)		1,570			1,601,010
Texas Transportation Commission, Highway Improvement, Series A (GO) 5.00%, 04/01/26 (c)		1,000			1,039,615
Texas Water Development Board (RB)
3.00%, 10/15/30 (c)		950			895,850
3.00%, 10/15/30 (c)		500			500,243
3.00%, 10/15/30 (c)		750			732,794
4.00%, 10/15/30 (c)		2,000			2,158,251

	Par (000’s		)	Value
Texas (continued)
Texas Water Development Board, Series A (RB)
4.00%, 10/15/25 (c)	$	1,000		$	1,014,705
4.00%, 10/15/27 (c)		1,000			1,038,429
4.00%, 10/15/27 (c)		400			417,241
4.00%, 10/15/27 (c)		2,000			2,037,592
4.00%, 04/15/28 (c)		600			628,560
5.00%, 10/15/27 (c)		250			275,585
5.00%, 10/15/27 (c)		200			219,960
Texas Water Development Board, Series B (RB)
4.00%, 10/15/28 (c)		1,000			1,046,368
4.00%, 10/15/28 (c)		3,000			3,067,894
5.00%, 10/15/28 (c)		1,500			1,686,305
Texas Water Development Board, Series D (RB) 3.00%, 10/15/30 (c)		500			461,250
Tomball Independent School District, Unlimited Tax (GO)
5.00%, 02/15/33 (c)		1,000			1,167,246
5.00%, 02/15/33 (c)		1,100			1,296,972
Trinity River Authority, Regional Wastewater System (RB) 5.00%, 08/01/27 (c)		670			733,562
University of Houston, Board of Regents, Series A (RB) 5.00%, 02/15/32 (c)		1,500			1,748,785
University of North Texas, Series A (RB) 5.00%, 04/15/27 (c)		75			81,695
University of Texas, Board of Regents, Series A (RB)
4.00%, 08/15/24 (c)		1,000			1,008,793
5.00%, 07/01/33 (c)		1,000			1,153,215
University of Texas, Board of Regents, Series B (RB) 4.00%, 07/01/24 (c)		1,250			1,266,380
					154,014,682
Utah: 0.5%
Central Utah Water Conservancy District, Series B (RB) 4.00%, 10/01/27 (c)		395			411,909
Intermountain Power Agency, Utah Power Supply, Series A (RB) 4.00%, 07/01/31 (c)		2,000			2,080,777
State of Utah, Series B (GO) 5.00%, 01/01/29 (c)		1,275			1,455,661
University of Utah, Series A (RB) 5.00%, 08/01/27 (c)		365			399,403
University of Utah, Series B (RB) 5.00%, 08/01/32 (c)		2,220			2,544,590
Utah Transit Authority, Subordinated Sales Tax (RB)
4.00%, 06/15/26 (c)		850			881,821
4.00%, 06/15/26 (c)		2,000			2,069,003
					9,843,164

	Par (000’s		)	Value
Vermont: 0.1%
Vermont Educational & Health Buildings Financing Agency, Series A (RB) 5.00%, 06/01/26 (c)	$	1,000		$	1,054,711
Virginia: 1.5%
City of Richmond, Public Utility, Series A (RB) 5.00%, 01/15/26 (c)		1,520			1,607,348
County of Fairfax, Public Improvement, Series A (GO) 2.00%, 04/01/31 (c)		375			325,397
County of Fairfax, Public Improvement, Series A (GO) (SAW)
4.00%, 04/01/32 (c)		1,000			1,072,931
4.00%, 04/01/32 (c)		1,000			1,092,498
5.00%, 04/01/28 (c)		750			842,065
5.00%, 04/01/29 (c)		1,755			2,009,828
County of Loudoun, Economic Development Authority, Public Facility, Series A (RB) 3.00%, 12/01/29 (c)		1,500			1,389,210
Virginia College Building Authority, 21st Century College and Equipment Programs Educational Facilities, Series A (RB)
3.00%, 02/01/31 (c)		2,750			2,589,831
4.00%, 02/01/26 (c)		2,000			2,076,190
4.00%, 02/01/30 (c)		1,500			1,567,688
5.00%, 02/01/30 (c)		1,950			2,224,005
Virginia College Building Authority, 21st Century College and Equipment Programs Educational Facilities, Series C (RB) 3.00%, 02/01/27 (c)		110			109,373
Virginia College Building Authority, 21st Century College and Equipment Programs Educational Facilities, Series E (RB)
5.00%, 02/01/28 (c)		880			974,375
5.00%, 02/01/28 (c)		2,180			2,413,702
Virginia College Building Authority, Virginia Educational Facilities, Series A (RB) 3.00%, 02/01/31 (c)		1,250			1,100,650
Virginia Commonwealth Transportation Board (RB) 4.00%, 05/15/26 (c)		500			516,518
Virginia Commonwealth Transportation Board, Series A (RB) 5.00%, 11/15/27 (c)		800			880,990
Virginia Public Building Authority, Series A (RB) 3.00%, 08/01/26 (c)		695			690,978

	Par (000’s		)	Value
Virginia (continued)
3.12%, 08/01/28 (c)	$	1,050		$	1,045,689
5.00%, 08/01/30 (c)		1,000			1,167,695
Virginia Public Building Authority, Series A-2 (RB)
4.00%, 08/01/31 (c)		1,000			1,046,498
4.00%, 08/01/31 (c)		1,000			1,069,234
Virginia State, Public Building Authority, Series A (RB) 4.00%, 08/01/27 (c)		185			195,509
					28,008,202
Washington: 3.5%
City of Seattle, Municipal Light and Power Improvement, Series A (RB) 4.00%, 07/01/31 (c)		1,000			1,037,875
County of King, Limited Tax (GO) 4.00%, 07/01/27 (c)		2,110			2,216,962
County of King, Limited Tax (GO) (SAW) 5.00%, 01/01/29 (c)		1,000			1,138,922
Energy Northwest, Colombia Generating Station Electric, Series A (RB)
5.00%, 07/01/27 (c)		400			436,280
5.00%, 07/01/28 (c)		695			776,142
5.00%, 07/01/30 (c)		1,930			2,238,486
Energy Northwest, Colombia Generating Station Electric, Series A (RB) (AGM)
5.00%, 07/01/29 (c)		1,000			1,110,118
5.00%, 07/01/29 (c)		500			549,866
5.00%, 07/01/30 (c)		1,415			1,603,233
Energy Northwest, Colombia Generating Station Electric, Series C (RB)
5.00%, 07/01/25 (c)		1,250			1,306,049
5.00%, 07/01/28 (c)		1,000			1,112,243
Everett Housing Authority, Hunting Park Apartments Project (RB) 4.00%, 07/01/30 (c)		1,545			1,482,906
King County School District No. 210 Federal Way (GO) (SBG) 4.00%, 12/01/27 (c)		880			919,565
King County School District No. 401 Highline (GO) (SBG)
3.12%, 12/01/26 (c)		690			692,244
5.00%, 12/01/26 (c)		700			752,632
King County School District No. 411 Issaquah (GO) (SBG) 4.00%, 06/01/26 (c)		635			657,092
King County School District No. 414 Lake Washington (GO) (SBG) 5.00%, 06/01/27 (c)		835			910,775

	Par (000’s		)	Value
Washington (continued)
Kitsap County School District No. 401 Central Kitsap (GO) (SBG)
4.00%, 06/01/26 (c)	$	1,250		$	1,285,635
4.00%, 06/01/26 (c)		1,000			1,023,210
4.00%, 06/01/26 (c)		1,425			1,470,446
Pierce County School District No. 403 Bethel (GO) (SBG)
5.00%, 06/01/29 (c)		500			570,762
5.00%, 06/01/29 (c)		200			223,496
Puyallup School District No. 3 (GO) (SBG) 5.00%, 06/01/27 (c)		970			1,051,377
State of Washington, Motor Vehicle Fuel Tax, Series R-A (GO) 5.00%, 08/01/26 (c)		825			881,155
State of Washington, Motor Vehicle Fuel Tax, Series R-A (GO) (SBG) 5.00%, 06/01/30 (c)		1,000			1,167,895
State of Washington, Motor Vehicle Fuel Tax, Series R-D (GO) 4.00%, 07/01/23 (c)		1,000			1,001,822
State of Washington, Series A (GO) 5.00%, 08/01/26 (c)		755			801,802
State of Washington, Series C (GO) 5.00%, 08/01/27 (c)		880			962,305
State of Washington, Series D (GO) 5.00%, 08/01/27 (c)		880			962,676
State of Washington, Various Purpose, Series A (GO)
5.00%, 08/01/26 (c)		580			619,479
5.00%, 08/01/26 (c)		245			261,676
5.00%, 08/01/27 (c)		500			542,575
5.00%, 08/01/27 (c)		500			546,765
State of Washington, Various Purpose, Series C (GO) 5.00%, 02/01/31 (c)		2,175			2,534,616
State of Washington, Various Purpose, Series D (GO) 5.00%, 02/01/27 (c)		735			773,966
State of Washington, Various Purpose, Series R-C (GO)
5.00%, 08/01/27 (c)		880			954,932
5.00%, 08/01/27 (c)		420			459,459
Washington Health Care Facilities Authority, Multicare Health System, Series B (RB)
5.00%, 02/15/28 (c)		1,815			1,877,814
5.00%, 02/15/28 (c)		2,000			2,059,641

	Par (000’s		)	Value
Washington (continued)
Washington Health Care Facilities Authority, Providence St. Joseph Health, Series A (RB) 4.00%, 05/30/23 (c)	$	1,820		$	1,819,999
Washington Health Care Facilities Authority, Providence St. Joseph Health, Series B (RB)
4.00%, 10/01/30 (p)		1,595			1,626,331
5.00%, 10/01/28 (c)		250			266,130
5.00%, 10/01/28 (c)		225			237,553
Washington Health Care Facilities Authority, Virginia Mason Medical Center (RB) 5.00%, 08/15/27 (c)		760			793,845
Washington State Housing Finance Commission, Series A (RB) 3.50%, 12/20/35		1,682			1,579,743
Washington State, Motor Vehicle Fuel Tax, Series A (GO) 5.00%, 06/01/30 (c)		1,050			1,196,182
Washington State, Motor Vehicle Fuel Tax, Series F (GO) 5.00%, 06/01/31 (c)		2,000			2,259,001
Washington State, Shoreline School District No. 412 (GO) (SBG) 4.00%, 12/01/28 (c)		1,000			1,017,603
Washington State, Various Purpose, Series A (GO)
5.00%, 08/01/30 (c)		1,000			1,122,202
5.00%, 08/01/31 (c)		1,250			1,431,450
Washington State, Various Purpose, Series A-1 (GO)
5.00%, 08/01/23 (c)		1,500			1,506,174
5.00%, 08/01/24 (c)		1,500			1,534,800
Washington State, Various Purpose, Series C (GO)
5.00%, 01/01/25 (c)		1,575			1,622,573
5.00%, 02/01/28 (c)		1,145			1,242,754
5.00%, 02/01/28 (c)		1,000			1,105,233
5.00%, 02/01/29 (c)		1,080			1,183,024
5.00%, 02/01/30 (c)		1,000			1,136,395
					63,655,886
West Virginia: 0.3%
State of West Virginia, Series A (GO)
5.00%, 06/01/29 (c)		500			556,751
5.00%, 06/01/29 (c)		1,000			1,146,725
State of West Virginia, Series B (GO) 5.00%, 06/01/28 (c)		675			758,988
West Virginia Hospital Finance Authority, Huntington Hospital, Series A (RB) 4.00%, 01/01/29 (c)		1,430			1,333,672

	Par (000’s		)	Value
West Virginia (continued)
West Virginia, Parkways Authority, Senior Lien Turnpike Toll (RB) 5.00%, 06/01/31 (c)	$	1,320		$	1,511,523
					5,307,659
Wisconsin: 1.1%
Middleton-Cross Plains Area School District, Series A (GO) 3.25%, 03/01/27 (c)		350			345,583
Public Finance Authority, Providence St. Joseph Health, Series C (RB) 4.00%, 10/01/30 (p)		1,335			1,361,224
State of Wisconsin (GO) 5.00%, 05/01/27 (c)		450			494,314
State of Wisconsin, Series A (GO)
4.00%, 05/01/28 (c)		1,655			1,703,864
5.00%, 05/01/25 (c)		2,000			2,079,687
5.00%, 05/01/25 (c)		890			925,460
5.00%, 05/01/32 (c)		1,000			1,172,467
5.00%, 05/01/32 (c)		1,000			1,187,352
State of Wisconsin, Series D (GO) 4.00%, 05/01/24 (c)		1,500			1,520,154
Wisconsin Department of Transportation (RB)
5.00%, 07/01/27 (c)		480			528,547
5.00%, 07/01/27 (c)		115			126,711
Wisconsin Department of Transportation, Series A (RB) 5.00%, 07/01/24 (c)		940			961,193

	Par (000’s		)	Value
Wisconsin (continued)
5.00%, 07/01/24 (c)	$	510		$	521,498
Wisconsin Health and Educational Facilities Authority, Ascension Senior Credit Group, Series A (RB)
4.00%, 05/15/26 (c)		1,500			1,523,667
4.00%, 05/15/26 (c)		1,875			1,872,641
5.00%, 05/15/26 (c)		100			106,046
Wisconsin Health and Educational Facilities Authority, Children’s Hospital of Wisconsin, Inc. (RB) 4.00%, 08/15/27 (c)		500			514,488
Wisconsin Health and Educational Facilities Authority, Froedtert Health, Inc., Series A (RB) 5.00%, 04/01/27 (c)		125			133,477
Wisconsin Health and Educational Facilities Authority, Prohealth Care, Inc. (RB) 5.00%, 08/15/24 (c)		2,500			2,561,583
					19,639,956
Wyoming: 0.2%
County of Campbell, Wyoming Solid Waste Facilities, Series A (RB) (SBG) 3.62%, 05/15/29 (c)		4,500			3,944,222
Total Municipal Bonds: 98.6% (Cost: $1,864,845,781)					1,795,974,394
Other assets less liabilities: 1.4%					25,592,525
NET ASSETS: 100.0%				$	1,821,566,919

The summary of inputs used to value the Fund’s investments as of April 30, 2023 is as follows:

	Par (000’s		)	Value
MUNICIPAL BONDS: 98.4%
Arizona: 1.3%
Arizona Industrial Development Authority Student Housing, North Carolina Central University Project, Series A (RB) (BAM) 4.00%, 06/01/29 (c)	$	500		$	492,352
City of Phoenix Civic Improvement Corp., Series A (RB) 5.00%, 07/01/29 (c)		1,000			1,049,935
City of Phoenix Civic Improvement Corp., Water System, Series A (RB) 5.00%, 07/01/30 (c)		750			823,747
Pima County, Industrial Development Authority, Tucson Medical Center, Series A (RB) 4.00%, 04/01/31 (c)		750			690,955
Salt River Project Agricultural Improvement & Power District, Electric Project, Series A (RB) 5.00%, 01/01/33 (c)		1,000			1,122,557
					4,179,546
California: 17.4%
Abag Finance Authority for Nonprofit Corp., Sharp Healthcare, Series A (RB) 5.00%, 08/01/23 (c)		500			500,627
Airport Commission of the City and County of San Francisco, International Airport, Series E (RB) 5.00%, 05/01/28 (c)		995			1,047,628
Airport Commission of the City and County of San Francisco, International Airport, Series F (RB) 5.00%, 05/01/29 (c)		1,000			1,058,621
Anaheim Housing & Public Improvements Authority, Electric Utility Distribution System improvements, Series C (RB) (NATL) 5.00%, 10/01/25 (c)		500			515,587
California County Tobacco Securitization Agency, Series A (RB) 4.00%, 06/01/30 (c)		1,350			1,252,826
California Health Facilities Financing Authority, Children’s Hospital, Series A (RB) 5.00%, 08/15/27 (c)		1,000			1,019,456

	Par (000’s		)	Value
California (continued)
California Health Facilities Financing Authority, City of Hope (RB) 5.00%, 11/15/26 (c)	$	750		$	768,160
California Health Facilities Financing Authority, Commonspririt Health, Series A (RB) 4.00%, 04/01/30 (c)		1,000			949,764
California Health Facilities Financing Authority, Kaiser Permanente, Series A (RB) 4.00%, 11/01/27 (c)		1,000			980,340
California Health Facilities Financing Authority, Pin Health, Series A (RB) 4.00%, 06/01/30 (c)		750			704,530
California Health Facilities Financing Authority, Providence St. Joseph Health, Series A (RB) 3.00%, 10/01/26 (c)		680			536,049
California Health Facilities Financing Authority, Series A (RB) 4.00%, 05/19/23 (c)		1,000			924,940
California Health Facilities Financing Authority, Series B (RB) 4.00%, 11/15/26 (c)		1,000			963,428
California Infrastructure & Economic Development Bank (RB) 5.00%, 05/15/28 (c)		500			534,726
California State Public Works Board, Air Resources Board, Series D (RB) 4.00%, 05/01/32 (c)		500			491,646
California State Public Works Board, New Natural Resources Headquarters, Series C (RB) 5.00%, 11/01/31 (c)		1,000			1,100,403
California Statewide Communities Development Authority, Montage Health, Series A (RB) 4.00%, 06/01/31 (c)		840			829,130
Chaffey Joint Union High School District, Series C (GO) 5.25%, 02/01/27 (c)		500			528,756
Chino Valley Unified School District, Series B (GO) (SBG) 5.00%, 08/01/30 (c)		620			672,415
City of Los Angeles, Department of Airports, Series D (RB) 4.00%, 05/15/30 (c)		750			744,470

	Par (000’s		)	Value
California (continued)
East Bay Municipal Utility District, Water System, Series A (RB) 4.00%, 06/01/27 (c)	$	1,210		$	1,217,764
El Dorado Irrigation District, Series A (CP) (AGM)
4.00%, 03/01/30 (c)		630			630,985
4.00%, 03/01/30 (c)		690			680,543
Fremont Union High School District, Series A (GO) 4.00%, 08/01/27 (c)		500			497,205
Glendale Community College District, Series B (GO) 3.00%, 08/01/29 (c)		325			256,282
Hayward Unified School District (GO) (BAM) 4.00%, 08/01/28 (c)		1,000			995,443
Los Angeles Department of Water and Power, Series A (RB) 5.00%, 07/01/30 (c)		800			889,455
Los Angeles Department of Water and Power, Series B (RB) 5.00%, 01/01/31 (c)		1,000			1,092,498
Los Angeles Department of Water and Power, Series C (RB) 5.00%, 07/01/31 (c)		500			546,407
Los Angeles Department of Water and Power, Series D (RB)
5.00%, 07/01/32 (c)		500			556,925
5.00%, 07/01/32 (c)		750			828,411
Miracosta Community College District, Series A (GO) 4.00%, 08/01/27 (c)		530			534,476
Mountain House Public Financing Authority, California Utility System, Series B (RB) (BAM) 4.00%, 12/01/30 (c)		500			501,313
Perris Union High School District, Series A (GO) (AGM) 4.00%, 09/01/29 (c)		900			877,390
Public Utilities Commission of the City and County of San Francisco, Water Revenue, Series D (RB) 3.00%, 11/01/30 (c)		500			389,492
Regents of University of California, Medical Center Pooled, Series L (RB) 4.00%, 05/15/26 (c)		1,015			1,015,304
Riverside County, Perris Union High School District, Series A (GO) (AGM) 4.00%, 09/01/29 (c)		570			564,879

	Par (000’s		)	Value
California (continued)
Sacramento City Unified School District, Series G (GO) (AGM) 4.00%, 08/01/30 (c)	$	500		$	483,652
San Diego Association of Governments South Bay Expressway Toll, Series A (RB) 5.00%, 07/01/27 (c)		610			640,271
San Diego County Regional Airport Authority, Series A (RB) 5.00%, 07/01/29 (c)		750			804,160
San Diego Public Facilities Financing Authority, Series A (RB)
4.00%, 04/15/33 (c)		500			487,389
5.25%, 08/01/33 (c)		500			574,912
San Diego Unified School District, Series I (GO) 4.00%, 07/01/27 (c)		595			589,519
San Francisco Bay Area Rapid Transit District, Series B-1 (GO) 3.00%, 08/01/29 (c)		600			471,434
San Francisco Bay Area Rapid Transit District, Series C-1 (GO) 4.00%, 08/01/29 (c)		610			615,415
San Francisco City and County, International Airport, Series B (RB) 5.00%, 05/01/27 (c)		700			731,299
San Francisco City and County, Public Utilities Commission Wastewater, Series A (RB) 4.00%, 10/01/31 (c)		885			875,031
San Francisco Municipal Transportation Agency (RB) 4.00%, 03/01/27 (c)		750			740,719
San Jose Evergreen Community College District, Series B (GO) 3.00%, 09/01/28 (c)		825			710,816
San Jose Financing Authority Wastewater, Series B (RB) 5.00%, 11/01/32 (c)		1,500			1,673,158
San Mateo County Community College District (GO) 5.00%, 09/01/28 (c)		1,570			1,714,823
San Mateo Foster City Public Financing Authority, Clean Water Program (RB) (SAW) 4.00%, 08/01/29 (c)		500			501,313
Saugus Union School District School Facilities Improvement District No.1, Series C (GO) 2.38%, 08/01/30 (c)		1,000			718,992

	Par (000’s		)	Value
California (continued)
Southern California Public Power Authority, Southern Transmission System (RB) 5.25%, 07/01/33 (c)	$	500		$	567,380
Southwestern Community College District, Series A (GO) 4.00%, 08/01/27 (c)		750			738,402
State of California, Various Purpose (GO)
3.00%, 10/01/29 (c)		500			390,805
3.00%, 12/01/30 (c)		400			332,780
3.62%, 04/01/26 (c)		645			583,255
4.00%, 10/01/29 (c)		500			504,691
5.00%, 10/01/27 (c)		660			707,632
5.00%, 10/01/28 (c)		935			1,010,443
5.00%, 11/01/23 (c)		1,000			1,006,564
5.00%, 11/01/27 (c)		515			548,783
5.00%, 04/01/29 (c)		1,000			1,081,434
5.00%, 09/01/31 (c)		630			711,445
State of California, Various Purpose (GO) (SAW) 5.00%, 12/01/30 (c)		875			966,181
University of California, Series BE (RB) 4.00%, 05/15/30 (c)		1,000			1,018,410
University of California, Series BN (RB)
5.00%, 05/15/33 (c)		1,000			1,152,730
5.00%, 05/15/33 (c)		1,000			1,144,987
University of California, Series O (RB) 5.00%, 05/15/28 (c)		1,000			1,064,873
Ventura Unified School District, Series A (GO) 4.00%, 08/01/32 (c)		500			494,305
					54,556,277
Colorado: 2.4%
Board of Governors of Colorado State University System, Series C (RB) 4.00%, 03/01/28 (c)		1,050			1,005,721
Boulder Valley School District No. Re-2 Boulder (GO) (SAW) 5.00%, 06/01/25 (c)		500			514,209
City of Colorado Springs CO Utilities System Revenue (RB) 5.00%, 11/15/30 (c)		600			651,931
Colorado Health Facilities Authority Hospital, Series A (RB) (SBG) 4.00%, 11/15/29 (c)		685			662,626
Colorado Health Facilities Authority, CommonSpirit Health, Series A-2 (RB)
3.25%, 08/01/29 (c)		500			363,503
5.00%, 08/01/29 (c)		1,000			1,033,004

	Par (000’s		)	Value
Colorado (continued)
Colorado Health Facilities Authority, Intermountain Healthcare, Series A (RB) (SAW) 5.00%, 05/15/32 (c)	$	690		$	744,919
Colorado Health Facilities Authority, Sanford, Series A (RB) 5.00%, 11/01/29 (c)		500			517,394
Colorado High Performance Transportation Enterprise, C-470 Express Lanes (RB)
5.00%, 12/31/24 (c)		250			244,011
5.00%, 12/31/24 (c)		250			246,127
Regional Transportation District, Fastracks Project, Series B (RB) 2.00%, 05/01/31 (c)		850			584,016
Weld County School District No. 6 (GO) (SAW) 4.00%, 06/01/31 (c)		800			788,398
					7,355,859
Connecticut: 0.4%
Connecticut Housing Finance Authority, Housing Mortgage Finance Program, Series A (RB) 4.70%, 11/15/31 (c)		500			509,868
Connecticut State Health and Educational Facilities Authority, Trinity Health Credit Group (RB) 5.00%, 06/01/26 (c)		750			766,534
					1,276,402
Delaware: 0.2%
County of New Castle (GO) 4.00%, 04/01/27 (c)		150			151,709
State of Delaware (GO) 4.00%, 05/01/33 (c)		500			514,868
					666,577
District of Columbia: 1.4%
District of Columbia, Children’s Hospital (RB) 5.00%, 01/15/26 (c)		500			508,950
District of Columbia, Income Tax, Series A (RB) 5.00%, 09/01/29 (c)		750			814,727
District of Columbia, Income Tax, Series C (RB) 4.00%, 05/01/30 (c)		805			798,253
District of Columbia, Series A (RB)
2.62%, 03/01/30 (c)		575			423,345
3.00%, 03/01/30 (c)		275			235,605

	Par (000’s		)	Value
District of Columbia (continued)
Metropolitan Washington Airports Authority, Dulles Toll Road, Dulles Metrorail and Capital Improvements Projects, Series A (RB) (AGM) 4.00%, 10/01/31 (c)	$	1,000		$	963,290
Washington Metropolitan Area Transit Authority, Series A (RB) 3.00%, 07/15/31 (c)		750			614,600
					4,358,770
Florida: 4.7%
Brevard County, Florida Health Facilities Authority, Series A (RB) 5.00%, 04/01/32 (c)		1,055			1,103,837
Central Florida Expressway Authority (RB) (BAM) 4.00%, 07/01/27 (c)		845			830,028
City of Jacksonville, Health Care Facilities, Brooks Rehabilitation (RB)
4.00%, 11/01/29 (c)		1,000			915,134
5.00%, 11/01/29 (c)		1,000			1,019,742
City of Lakeland, Florida Hospital, Regional Health Systems (RB) 5.00%, 11/15/24 (c)		1,000			1,001,179
City of Orlando, Capital of Improvements, Series B (RB) 5.00%, 10/01/28 (c)		1,000			1,069,444
City of Port St. Lucie, Southwest Annexation Special Assessment District No. 1 (SA) 3.25%, 07/01/26 (c)		200			165,646
City of Port St. Lucie, Southwest Annexation Special Assessment District No. 1 (SA) (BAM) 3.00%, 07/01/26 (c)		180			150,893
City of Tampa, Florida Water & Wastewater System, Series A (RB) (BAM-TCRS) 5.00%, 10/01/32 (c)		500			556,974
County of Broward, Florida Port Facilities, Series A (RB) 5.00%, 09/01/29 (c)		500			523,288
County of Broward, Florida Tourist Development, Convention Center Expansion Project (RB)
4.00%, 09/01/31 (c)		510			487,129
4.00%, 09/01/31 (c)		1,000			963,457
County of Broward, School District (GO) 5.00%, 07/01/31 (c)		665			727,626

	Par (000’s		)	Value
Florida (continued)
County of Miami-Dade, Florida Transit System, Sales Surtax, Series A (RB) 4.00%, 07/01/30 (c)	$	500		$	493,276
County of Miami-Dade, Health Facilities Authority Hospital, Nicklaus Children’s Hospital Project, Series A (RB) 4.00%, 08/01/31 (c)		500			450,696
County of Palm Beach, Health Facilities Authority, Lifespace Communities, Inc., Series B (RB) 4.00%, 11/15/26 (c)		330			200,027
County of Sarasota, Florida Utility System, Series A (RB) 5.00%, 10/01/30 (c)		500			538,284
Fort Pierce Utilities Authority, Series A (RB) (AGM) 4.00%, 10/01/32 (c)		1,000			951,953
Halifax Hospital Medical Center (RB) 4.00%, 06/01/26 (c)		525			482,091
Hillsborough County, Florida Capital Improvement Non-Ad Valorem (RB) 2.25%, 02/01/31 (c)		500			316,475
South Broward Hospital District, Series A (RB) 3.00%, 05/01/31 (c)		750			595,130
State of Florida, Department of Transportation, Turnpike System (RB) 5.00%, 07/01/32 (c)		1,000			1,090,708
					14,633,017
Georgia: 2.3%
Brookhaven Development Authority, Children’s Healthcare of Atlanta, Inc., Series A (RB) 4.00%, 07/01/29 (c)		660			652,629
Burke County Development Authority, Series D (RB) 4.12%, 02/01/28 (c)		260			238,093
Clarke County Hospital Authority, Piedmont Healthcare, Inc., Series A (RB) 4.00%, 07/01/26 (c)		1,000			983,724
County of Fulton, Georgia Water and Sewerage, Series A (RB) 2.25%, 01/01/30 (c)		500			352,599
Gainesville and Hall County Hospital Authority, Northeast Georgia Health System, Series A (RB) 4.00%, 02/15/30 (c)		630			594,212

	Par (000’s		)	Value
Georgia (continued)
Georgia Housing and Finance Authority, Single Family Mortgage, Series B-1 (RB) 3.35%, 12/01/25 (c)	$	215		$	190,870
Georgia State Road & Tollway Authority, Managed Lane System, Series A (RB) 3.00%, 07/15/31 (c)		500			388,381
Main Street Natural Gas, Inc., Series C (RB) 5.00%, 05/15/49		990			1,001,674
Metropolitan Atlanta Rapid Transit Authority Sales Tax, Series A (RB) 3.00%, 07/01/30 (c)		1,000			798,761
Municipal Electric Authority of Georgia, Plant Vogtle Units 3 & 4 Project, Series A (RB) 4.50%, 07/01/32 (c)		500			491,713
Municipal Electric Authority of Georgia, Series A (RB) 5.00%, 07/01/28 (c)		500			505,395
Private Colleges & Universities Authority, Emory University, Series B (RB) 4.00%, 09/01/30 (c)		855			862,315
					7,060,366
Hawaii: 0.2%
City and County of Honolulu, Series C (GO) 4.00%, 08/01/29 (c)		750			752,034
Idaho: 0.2%
Idaho Health Facilities Authority, St. Luke’s Health System Project, Series A (RB) 5.00%, 03/01/24 (c)		500			502,841
Illinois: 4.5%
Chicago O’Hare International Airport, Series B (RB) (AGM) 4.00%, 01/01/29 (c)		890			849,690
Chicago Transit Authority Sales Tax Receipts Fund (RB) 5.25%, 12/01/24 (c)		750			761,152
City of Chicago, Series A (GO) 5.50%, 01/01/30 (c)		750			793,256
Illinois Finance Authority, NorthShore University HealthSystem, Series A (RB) 4.00%, 08/15/30 (c)		1,000			979,870
Illinois Finance Authority, Presence Network, Series C (RB) 4.00%, 02/15/27 (c)		500			494,460
Illinois Finance Authority, Silver Cross Hospital and Medical Center, Series C (RB) 5.00%, 08/15/25 (c)		1,000			1,001,872

	Par (000’s		)	Value
Illinois (continued)
Illinois Housing Development Authority (RB) 5.00%, 04/01/32 (c)	$	1,000		$	1,035,084
Illinois Housing Development Authority, Series G (RB) 4.85%, 04/01/32 (c)		500			516,734
Illinois State Toll Highway Authority (RB) 4.00%, 01/01/32 (c)		500			483,051
Illinois State Toll Highway Authority, Series A (RB) 5.00%, 01/01/31 (c)		1,000			1,088,941
Metropolitan Water Reclamation District of Greater Chicago, Series A (GO) 4.00%, 12/01/31 (c)		500			483,106
Sales Tax Securitization Corp., Series A (RB) (BAM-TCRS) 4.00%, 01/01/28 (c)		1,000			943,421
State of Illinois (GO) (AGC) 5.75%, 05/01/30 (c)		750			821,730
State of Illinois, Series A (GO)
5.00%, 03/01/31 (c)		1,250			1,312,669
5.00%, 05/01/28 (c)		630			656,058
State of Illinois, Series B (GO) 5.50%, 05/01/32 (c)		1,000			1,094,732
State of Illinois, Series C (GO) 4.00%, 11/01/29 (c)		900			845,258
					14,161,084
Indiana: 0.6%
Indiana Finance Authority, CWA Authority Project (RB) 5.00%, 10/01/31 (c)		300			333,054
Indianapolis Local Public Improvement Bond Bank, Courthouse and Jail Project, Series A (RB)
5.00%, 02/01/29 (c)		1,000			1,044,021
5.00%, 02/01/29 (c)		500			523,724
					1,900,799
Iowa: 0.3%
Iowa Finance Authority, Midwestern Disaster Area, Iowa Fertilizer Co. Project, Series A (RB) 5.00%, 12/01/42 (c) (p)		500			502,247
Iowa Finance Authority, Series A (RB) 5.00%, 08/01/30 (c)		530			575,009
					1,077,256
Kentucky: 0.7%
Kentucky Bond Development Corp., Lexington Center Corp. Project (RB) 4.00%, 09/01/28 (c)		1,225			1,154,823

	Par (000’s		)	Value
Kentucky (continued)
Kentucky Economic Development Finance Authority, Louisville Arena Project, Series A (RB) (AGM) 4.00%, 12/01/27 (c)	$	750		$	744,472
Louisville and Jefferson County, Metropolitan Sewer District, Series A (RB) 3.25%, 11/15/26 (c)		235			194,985
					2,094,280
Louisiana: 0.5%
City of Shreveport, Louisiana Water and Sewer, Series B (RB) (AGM) 4.00%, 12/01/28 (c)		700			638,316
Louisiana Local Government Environmental Facilities and Community Development Authority, Woman’s Hospital Foundation Project, Series A (RB) 4.00%, 10/01/27 (c)		230			222,761
Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project (RB) 4.00%, 05/15/27 (c)		230			224,845
State of Louisiana, Series A (GO) 4.00%, 04/01/33 (c)		500			505,949
					1,591,871
Maryland: 1.3%
Maryland Community Development Administration, Series A (RB) (AGM) 1.95%, 03/01/30 (c)		310			206,669
Maryland Health and Higher Educational Facilities Authority, Adventist Healthcare, Series B (RB) 4.00%, 01/01/32 (c)		500			427,320
Maryland Health and Higher Educational Facilities Authority, Greater Baltimore Medical Center, Series A (RB) 3.00%, 07/01/31 (c)		500			379,502
Maryland Stadium Authority, Construction and Revitalization Program, Series A (RB) 5.00%, 05/01/28 (c)		1,000			1,062,018
Maryland Transportation Authority, Transportation Facilities Projects, Series A (RB) 5.00%, 07/01/31 (c)		1,000			1,083,274
Washington Suburban Sanitary Commission (RB) 4.00%, 06/01/33 (c)		1,000			998,932
					4,157,715

	Par (000’s		)	Value
Massachusetts: 4.0%
Commonwealth of Massachusetts Transportation, Series A (RB)
3.00%, 06/01/30 (c)	$	800		$	622,864
5.00%, 06/01/31 (c)		500			557,529
Commonwealth of Massachusetts Transportation, Series B (RB) 5.00%, 06/01/30 (c)		560			616,329
Commonwealth of Massachusetts, Series A (GO)
5.00%, 01/01/28 (c)		1,000			1,061,421
5.00%, 04/01/27 (c)		275			290,972
Commonwealth of Massachusetts, Series B (GO) 2.12%, 04/01/31 (c)		1,300			796,452
Commonwealth of Massachusetts, Series C (GO) 3.00%, 03/01/30 (c)		360			286,614
Commonwealth of Massachusetts, Series D (GO) 5.00%, 07/01/30 (c)		750			819,812
Commonwealth of Massachusetts, Series E (GO) 5.00%, 11/01/30 (c)		605			663,638
Massachusetts Bay Transportation Authority, Sales Tax, Series A (RB)
4.00%, 07/01/31 (c)		800			781,038
4.00%, 07/01/33 (c)		1,000			974,208
Massachusetts Development Finance Agency, Beth Israel Lahey Health, Inc., Series J (RB) 5.00%, 07/01/28 (c)		500			514,149
Massachusetts Development Finance Agency, Boston Medical Center Issue , Series D (RB) 5.00%, 07/01/25 (c)		500			505,594
Massachusetts Development Finance Agency, Boston Medical Center Issue , Series G (RB) 5.25%, 07/01/33 (c)		1,000			1,050,828
Massachusetts Development Finance Agency, Northeastern Institute, Series A (RB) 5.00%, 03/01/24 (c)		1,900			1,915,937
Massachusetts Port Authority, Series B (RB) (SBG) 5.00%, 07/01/29 (c)		305			329,470
Massachusetts School Building Authority, Sales Tax, Series A (RB) 5.00%, 08/15/30 (c)		750			808,032
					12,594,887

	Par (000’s		)	Value
Michigan: 2.1%
Great Lakes Water Authority, Water Supply System, Second Lien, Series B (RB) 5.00%, 07/01/26 (c)	$	390		$	402,082
Great Lakes Water Authority, Water Supply System, Senior Lien, Series A (RB) 5.00%, 07/01/26 (c)		570			587,659
Michigan Finance Authority (RB)
5.00%, 05/15/25 (c)		225			229,011
5.00%, 05/15/25 (c)		275			286,604
Michigan Finance Authority, Henry Ford Health System, Series A (RB)
4.00%, 11/15/26 (c)		225			210,727
4.00%, 11/02/29 (c)		250			226,732
Michigan Finance Authority, Trinity Health Credit Group, Series A (RB) 5.00%, 12/01/27 (c)		500			519,201
Michigan State Building Authority, Facilities Program (RB) 5.00%, 10/15/25 (c)		500			513,391
Michigan State Housing Development Authority (RB) 4.88%, 10/01/32 (c)		1,000			1,024,647
Michigan State Housing Development Authority, Series A (RB) 4.30%, 10/01/24 (c)		725			725,371
Michigan State Housing Development Authority, Series A-1 (RB) 3.35%, 10/01/28 (c)		500			397,525
Michigan State University (RB) 5.00%, 02/15/29 (c)		765			814,813
State of Michigan, Trunk Line, Series A (RB) 4.00%, 11/15/31 (c)		620			608,249
					6,546,012
Minnesota: 0.8%
Minnesota Housing Finance Agency Residential Housing, Series B (RB) 2.50%, 07/01/30 (c)		530			376,249
Minnesota Housing Finance Agency Residential Housing, Series I (RB)
2.15%, 01/01/30 (c)		890			636,219
3.00%, 01/01/30 (c)		440			427,314
Minnesota Housing Finance Agency Residential Housing, Series M (RB) 5.15%, 01/01/32 (c)		500			526,081

	Par (000’s		)	Value
Minnesota (continued)
St. Louis Park Independent School District No. 283, Series A (GO) (SD CRED PROG) 4.25%, 02/01/31 (c)	$	500		$	518,363
					2,484,226
Missouri: 0.1%
Health and Educational Facilities Authority, Saint Louis University, Series A (RB) 5.00%, 04/01/29 (c)		100			107,466
Missouri State Housing Development Commission Single Family Mortgage, First Place Homeownership Loan, Series C (RB) 3.05%, 05/01/29 (c)		190			175,224
					282,690
Nebraska: 0.8%
Central Plains Energy Project, Gas Project Crossover No. 3, Series A (RB) 5.00%, 09/01/42		500			521,364
City of Omaha and County of Douglas, Public Building, Series B (GO) 4.00%, 05/01/29 (c)		550			550,160
Omaha Public Power District, Nebraska Electric System, Series A (RB) 4.00%, 08/01/30 (c)		750			718,543
University of Nebraska Facilities Corp., Series A (RB) 4.00%, 07/15/31 (c)		750			726,191
					2,516,258
Nevada: 0.4%
City of Carson, Tahoe Regional Healthcare Project (RB) 5.00%, 09/01/27 (c)		390			399,086
City of Henderson, Utility System, Series A-1 (GO) 4.00%, 06/01/30 (c)		675			648,339
Las Vegas Convention and Visitors Authority, Series B (RB) (NATL) 5.00%, 07/01/28 (c)		275			288,490
					1,335,915
New Hampshire: 0.1%
National Finance Authority Hospital, St. Lukes University Health Network Project, Series B (RB) (AGM) 3.00%, 08/15/31 (c)		500			385,699
New Jersey: 3.4%
Hudson County Improvement Authority, Courthouse Project (RB) 4.00%, 10/01/30 (c)		1,000			980,077

	Par (000’s		)	Value
New Jersey (continued)
New Jersey Educational Facilities Authority, New Jersey Princeton University, Series C (RB) 2.00%, 03/01/31 (c)	$	500		$	345,301
New Jersey Health Care Facilities Financing Authority, Atlanticare Health System (RB) 2.50%, 07/01/31 (c)		490			324,621
New Jersey Health Care Facilities Financing Authority, Inspira Health, Series A (RB) 4.00%, 07/01/26 (c)		800			797,111
New Jersey Health Care Facilities Financing Authority, RWJ Barnabas Health, Series A (RB) 4.00%, 07/01/31 (c)		555			555,825
New Jersey Housing & Mortgage Finance Agency, Single Family Housing (RB) 4.80%, 04/01/32 (c)		500			499,145
New Jersey Transportation Trust Fund Authority, Series AA (RB)
4.25%, 06/15/24 (c)		640			640,259
4.50%, 12/15/28 (c)		910			917,844
5.00%, 06/15/25 (c)		1,000			1,016,462
New Jersey Transportation Trust Fund Authority, Series BB (RB)
3.50%, 12/15/28 (c)		365			312,411
4.00%, 12/15/28 (c)		1,000			970,913
New Jersey Turnpike Authority, Series A (RB) 4.00%, 01/01/29 (c)		1,280			1,251,243
New Jersey Turnpike Authority, Series E (RB) 5.00%, 01/01/25 (c)		955			975,770
South Jersey Transportation Authority, Transportation System, Series A (RB) 5.00%, 11/01/30 (c)		500			520,668
Tobacco Settlement Financing Corp., Series B (RB) 5.00%, 06/01/28 (c)		500			497,944
					10,605,594
New Mexico: 0.1%
New Mexico Mortgage Finance Authority, Single Family Mortgage Program Class I, Series C (RB) 3.60%, 07/01/28 (c)		175			165,372

	Par (000’s		)	Value
New Mexico (continued)
New Mexico Mortgage Finance Authority, Single Family Mortgage Program Class I, Series F (RB) 3.05%, 01/01/29 (c)	$	290		$	255,174
					420,546
New York: 20.9%
Battery Park City Authority, Series A (RB) 4.00%, 11/01/29 (c)		1,000			1,007,463
City of New York, Series A (GO)
4.00%, 08/01/31 (c)		1,000			972,870
4.00%, 08/01/31 (c)		1,000			1,003,234
City of New York, Series C (GO)
4.00%, 08/01/30 (c)		1,000			999,090
5.00%, 08/01/30 (c)		500			546,622
City of New York, Series D (GO) (BAM)
4.00%, 03/01/30 (c)		1,000			973,560
5.00%, 03/01/30 (c)		1,000			1,088,503
City of New York, Series F (GO) 5.00%, 03/01/31 (c)		1,000			1,083,775
County of Broome, Local Development Corp., United Health Services Hospitals, In. Project (RB) (AGM) 4.00%, 04/01/30 (c)		925			898,370
County of Monroe, Industrial Development Corp., University of Rochester Project, Series A (RB) 4.00%, 07/01/30 (c)		900			860,146
Hudson Yards Infrastructure Corp., Series A (RB) 5.00%, 02/15/27 (c)		645			681,535
Hudson Yards Infrastructure Corp., Series A (RB) (AGM) 4.00%, 02/15/27 (c)		1,000			978,281
Metropolitan Transportation Authority, Series A (RB) (AGM) 5.00%, 11/15/28 (c)		715			745,856
Metropolitan Transportation Authority, Series A-1 (RB)
4.00%, 05/15/27 (c)		400			380,603
5.00%, 05/15/25 (c)		590			593,274
Metropolitan Transportation Authority, Series B-1 (RB) 5.00%, 11/15/26 (c)		500			518,787
Metropolitan Transportation Authority, Series C (RB) (AGM) 4.00%, 11/15/29 (c)		1,000			968,301
Metropolitan Transportation Authority, Series C-1 (RB) 4.75%, 05/15/30 (c)		1,000			1,020,359
Metropolitan Transportation Authority, Series D (RB)
4.00%, 05/15/28 (c)		250			235,185
4.00%, 05/15/28 (c)		1,245			1,187,757

	Par (000’s		)	Value
New York (continued)
Metropolitan Transportation Authority, Series E (RB) 5.00%, 11/15/23 (c)	$	600		$	598,461
Monroe County Industrial Development Corp. Rochester Regional Health Project, Series A (RB) 4.00%, 12/01/30 (c)		650			556,959
MTA Hudson Rail Yards Trust, Series A (RB) 5.00%, 11/15/23 (c)		1,000			996,682
New York City Environmental Facilities, Clean Water and Drinking Water, Series B (RB) 4.00%, 06/15/29 (c)		500			495,602
New York City Housing Development Corp., Multi-Family Housing, Series C-1 (RB) 2.25%, 05/01/29 (c)		800			558,159
New York City Housing Development Corp., Multi-Family Housing, Series I-1 (RB) 2.35%, 02/01/29 (c)		525			388,257
New York City Housing Development Corp., Multi-Family Housing, Series J (RB) 3.05%, 09/01/27 (c)		560			426,099
New York City Municipal Water Finance Authority, Water and Sewer System, Series BB (RB)
5.00%, 12/15/29 (c)		1,000			1,071,138
5.00%, 12/15/31 (c)		955			1,054,852
5.00%, 06/15/23 (c)		1,000			1,002,063
New York City Municipal Water Finance Authority, Water and Sewer System, Series CC (RB)
3.75%, 06/15/23 (c)		710			657,331
4.00%, 06/15/24 (c)		500			495,056
5.00%, 12/15/31 (c)		1,000			1,089,994
5.00%, 06/15/24 (c)		1,000			1,010,434
New York City Municipal Water Finance Authority, Water and Sewer System, Series CC (RB) (FHA 542(C)) 5.00%, 06/15/31 (c)		500			543,267
New York City Municipal Water Finance Authority, Water and Sewer System, Series DD (RB) 4.12%, 06/15/33 (c)		1,000			992,537
New York City Municipal Water Finance Authority, Water and Sewer System, Series EE (RB) 5.00%, 12/15/27 (c)		750			811,204

	Par (000’s		)	Value
New York (continued)
New York City Municipal Water Finance Authority, Water and Sewer System, Series FF (RB) (SBG) 5.00%, 06/15/30 (c)	$	1,000		$	1,099,859
New York City Transitional Finance Authority Building Aid, Series S-1 (RB) (SAW)
3.00%, 07/15/29 (c)		350			271,890
5.00%, 07/15/28 (c)		500			533,413
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series C-1 (RB)
4.00%, 11/01/30 (c)		500			495,698
4.00%, 11/01/30 (c)		775			771,219
4.00%, 05/01/29 (c)		1,120			1,106,294
5.00%, 02/01/32 (c)		565			623,920
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series D-1 (RB) 4.00%, 11/01/30 (c)		500			489,731
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series E-1 (RB)
2.25%, 02/01/31 (c)		650			393,119
4.00%, 02/01/27 (c)		1,000			984,834
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series F-1 (RB)
4.00%, 02/01/32 (c)		1,000			974,867
5.25%, 02/01/33 (c)		1,000			1,127,199
New York City Water and Sewer System, Series AA-2 (RB) 3.00%, 12/15/30 (c)		660			563,827
New York City Water and Sewer System, Series BB (RB) 4.00%, 12/15/30 (c)		640			629,098
New York City Water and Sewer System, Series EE (RB) (AGC) 5.00%, 06/15/29 (c)		800			870,154
New York Convention Center Development Corp., Series A (RB)
0.00%, 11/15/47 ^		230			71,756
0.00%, 11/15/54 ^		170			36,816
New York Liberty Development Corp., 1 World Trade Center Project (RB) 4.00%, 02/15/30 (c)		620			605,750
New York State Dormitory Authority, New School, Series A (RB)
4.00%, 01/01/27 (c)		475			455,911
5.00%, 01/01/27 (c)		420			429,030

	Par (000’s		)	Value
New York (continued)
New York State Dormitory Authority, New York University, Series A (RB) 5.00%, 07/01/28 (c)	$	400		$	432,224
New York State Dormitory Authority, Personal Income Tax, Series A (RB)
3.00%, 09/15/30 (c)		500			414,820
3.50%, 03/15/32 (c)		1,000			853,223
5.00%, 03/15/31 (c)		500			541,001
New York State Dormitory Authority, Personal Income Tax, Series B (RB) 5.00%, 02/15/25 (c)		730			748,610
New York State Dormitory Authority, Rochester Institute of Technology, Series A (RB) 5.00%, 07/01/29 (c)		250			265,000
New York State Dormitory Authority, St. John’s University, Series A (RB) 4.00%, 07/01/31 (c)		550			527,450
New York State Dormitory Authority, State Sales Tax, Series A (RB) 4.00%, 03/15/27 (c)		800			784,978
New York State Dormitory Authority, State Sales Tax, Series C (RB) 5.00%, 03/15/28 (c)		1,000			1,070,202
New York State Dormitory Authority, State Sales Tax, Series E (RB) 5.00%, 09/15/28 (c)		500			532,948
New York State Environmental Facilities Corp., Clean Water & Drinking Water, Series A (RB) 5.00%, 06/15/32 (c)		1,000			1,106,898
New York State Mortgage Agency, Homeowner Mortgage (RB) (SBG) 2.55%, 10/01/29 (c)		330			217,166
New York State Power Authority, Series A (RB) 4.00%, 05/15/30 (c)		500			485,794
New York State Thruway Authority, Personal Income Tax, Series A (RB) 5.00%, 09/15/32 (c)		1,000			1,098,199
New York State Thruway Authority, Personal Income Tax, Series C (RB) 4.12%, 09/15/32 (c)		750			733,162
New York State Thruway Authority, Series A (RB) 5.00%, 01/01/26 (c)		1,000			1,035,657

	Par (000’s		)	Value
New York (continued)
New York State Urban Development Corp., Personal Income Tax, Series A (RB) 5.00%, 09/15/28 (c)	$	500		$	535,147
New York State Urban Development Corp., Personal Income Tax, Series C (RB) 3.00%, 09/15/30 (c)		550			428,997
New York State Urban Development Corp., State Sales Tax, Series A (RB) 3.00%, 09/15/31 (c)		1,000			776,292
New York State, Dormitory Authority, Personal Income Tax, Series D (RB) 5.00%, 02/15/30 (c)		820			880,000
New York Transportation Development Corp., Terminal 4 John Kennedy International Airport Project, Series C (RB) 4.00%, 12/01/30 (c)		925			888,293
Port Authority of New York & New Jersey (RB)
4.00%, 09/01/28 (c)		1,000			999,970
5.00%, 12/01/23 (c)		500			503,717
Suffolk Tobacco Asset Securitization Corp., Series B-1 (RB) 4.00%, 06/01/31 (c)		1,000			982,102
Triborough Bridge and Tunnel Authority Sales Tax, Series A (RB)
4.00%, 11/15/32 (c)		840			806,704
4.25%, 05/15/33 (c)		1,000			985,552
Triborough Bridge and Tunnel Authority, Payroll Mobility Tax, Series B (RB) 5.00%, 05/15/28 (c)		500			527,249
Triborough Bridge and Tunnel Authority, Payroll Mobility Tax, Series C (RB)
4.00%, 11/15/31 (c)		750			727,445
5.00%, 11/15/31 (c)		1,000			1,087,292
Triborough Bridge and Tunnel Authority, Payroll Mobility Tax, Series D (RB) 4.50%, 11/15/32 (c)		500			515,882
Triborough Bridge and Tunnel Authority, Series A (RB)
5.00%, 11/15/30 (c)		750			798,852
5.00%, 11/15/30 (c)		1,000			1,071,573
					65,388,450
North Carolina: 1.1%
Charlotte-Mecklenburg Hospital Authority, Atrium HealthCare, Series A (RB) 4.00%, 01/15/32 (c)		600			603,937

	Par (000’s		)	Value
North Carolina (continued)
North Carolina Housing Finance Agency, Home Ownership (RB) 4.88%, 07/01/31 (c)	$	500		$	514,671
North Carolina Turnpike Authority, Triangle Expressway System (RB)
5.00%, 01/01/30 (c)		750			775,061
5.00%, 01/01/30 (c)		500			520,977
University of North Carolina, Hospitals at Chapel Hill (RB) 5.00%, 02/01/45		800			910,649
					3,325,295
North Dakota: 0.3%
North Dakota Housing Finance Agency, Home Mortgage Finance Program, Series A (RB) 4.70%, 07/01/32 (c)		1,000			1,012,268
Ohio: 1.9%
County of Allen, Ohio Hospital Facilities, Mercy Health, Series A (RB)
4.00%, 02/01/28 (c)		510			496,512
5.00%, 11/01/24 (c)		600			610,473
County of Franklin, Ohio Various purpose Sales Tax (RB) 5.00%, 06/01/28 (c)		1,075			1,143,917
Cuyahoga County, Ohio Hospital, The Metrohealth System (RB) 5.00%, 02/15/27 (c)		1,000			991,790
Hamilton County, Ohio Healthcare Improvement, Life Enriching Communities Project (RB) 5.00%, 01/01/26 (c)		250			220,068
Ohio Higher Educational Facility Commission, Oberlin College Project (RB) 5.00%, 10/01/33 (c)		500			547,641
Ohio Water Development Authority, Fresh Water (RB) 5.00%, 12/01/29 (c)		500			547,143
State of Ohio, Cleveland Clinic System, Series B (RB) (BAM) 4.00%, 01/01/29 (c)		835			837,996
State of Ohio, Water Pollution Control, Series A (RB) 5.00%, 12/01/31 (c)		500			554,890
					5,950,430
Oklahoma: 0.2%
Oklahoma Turnpike Authority, Series A (RB) 4.00%, 01/01/27 (c)		700			685,333

	Par (000’s		)	Value
Oregon: 0.8%
Multnomah County School District No. 1J, Series B (GO) (SBG)
2.00%, 06/15/30 (c)	$	550		$	372,562
3.25%, 06/15/27 (c)		295			260,375
Oregon Health and Science University, Series A (RB) 4.00%, 01/01/32 (c)		1,000			974,862
Tri-County Metropolitan Transportation District of Oregon, Series A (RB) 3.00%, 09/01/29 (c)		935			759,396
					2,367,195
Pennsylvania: 4.5%
Chester County Health and Education Facilities Authority, Main Line Health System, Series A (RB) 4.00%, 09/01/30 (c)		645			594,554
City of Philadelphia, Pennsylvania Water & Wastewater, Series A (RB)
5.00%, 10/01/27 (c)		500			520,973
5.00%, 10/01/27 (c)		500			519,888
Commonwealth of Pennsylvania, Series A (CP) (FHA) 4.00%, 01/30/28 (c)		1,170			1,109,314
DuBois Hospital Authority, Penn Highlands Healthcare (RB) 5.00%, 01/15/28 (c)		280			288,251
Geisinger Authority, Health System, Series A (RB) 5.00%, 04/01/30 (c)		1,000			1,027,923
Lancaster County Hospital Authority, Penn State Health (RB) 5.00%, 11/01/29 (c)		1,000			1,033,410
Montgomery County Higher Education and Health Authority, Presbytery Homes, Inc. Project (RB) 5.00%, 12/01/24 (c)		145			132,732
Pennsylvania Housing Finance Agency, Single Family Mortgage (RB) 2.28%, 10/01/30 (c)		500			363,157
Pennsylvania Housing Finance Agency, Single Family Mortgage, Series B (RB) 3.65%, 04/01/27 (c)		260			235,609
Pennsylvania Turnpike Commission, Motor License (RB) 5.00%, 12/01/27 (c)		155			164,165

	Par (000’s		)	Value
Pennsylvania (continued)
Pennsylvania Turnpike Commission, Oil Franchise Tax, Series A (RB) (AGM) 5.00%, 12/01/28 (c)	$	290		$	305,597
Pennsylvania Turnpike Commission, Oil Franchise Tax, Series B (RB) 4.00%, 12/01/31 (c)		550			522,919
Pennsylvania Turnpike Commission, Oil Franchise, Series A (RB) (BAM) 4.00%, 12/01/31 (c)		1,000			967,249
Pennsylvania Turnpike Commission, Series A (RB) (AGM) 4.00%, 12/01/29 (c)		570			559,479
Pennsylvania Turnpike Commission, Series A-1 (RB) 5.00%, 12/01/27 (c)		900			933,708
Pennsylvania Turnpike Commission, Series B (RB)
4.00%, 12/01/31 (c)		1,000			1,000,697
4.00%, 12/01/31 (c)		1,000			960,526
5.00%, 12/01/30 (c)		800			852,492
Philadelphia Gas Works Co. (RB) 5.00%, 08/01/27 (c)		805			829,948
Upper Merion Area School District, Series A (GO) (SAW) 4.00%, 01/15/29 (c)		1,105			1,107,915
					14,030,506
Rhode Island: 0.2%
State of Rhode Island, Series A (GO) 4.12%, 08/01/32 (c)		600			603,911
South Carolina: 1.5%
South Carolina Jobs-Economic Development Authority, Mercy Health, Series A (RB) 4.00%, 06/01/30 (c)		1,355			1,337,788
South Carolina Jobs-Economic Development Authority, Prisma Health, Series A (RB) 5.00%, 05/01/28 (c)		1,000			1,016,024
South Carolina Public Service Authority, Series A (RB) 4.00%, 06/01/32 (c)		500			447,159
Spartanburg County, School District No. 4, Series A (GO) 5.25%, 03/01/32 (c)		1,000			1,113,655
University of South Carolina, Campus Village Project, Series A (RB) 5.00%, 05/01/31 (c)		820			893,987
					4,808,613

	Par (000’s		)	Value
South Dakota: 0.3%
South Dakota Health and Educational Facilities Authority (RB) 5.00%, 09/01/27 (c)	$	750		$	776,495
Tennessee: 0.8%
City of Memphis (GO) 4.00%, 05/01/28 (c)		665			656,566
Tennessee Housing Development Agency, Residential Finance Program (RB)
2.95%, 01/01/29 (c)		335			310,995
3.60%, 01/01/27 (c)		225			219,868
Tennessee Housing Development Agency, Series B (RB) 3.45%, 01/01/27 (c)		185			180,052
Tennessee State School Bond Authority, Higher Education Facilities, Series A (RB) 5.00%, 11/01/27 (c)		1,040			1,111,013
					2,478,494
Texas: 10.0%
Arlington Higher Education Finance Corp., Harmony Public Schools, Series A (RB) 3.00%, 02/15/31 (c)		1,000			785,300
Arlington Higher Education Finance Corp., Riverwalk Education Foundation, Inc. (RB) 4.00%, 08/15/29 (c)		675			664,121
Austin Independent School District, Unlimited Tax School Building (GO) 4.00%, 02/01/33 (c)		1,000			995,690
Board of Regents of the University of Texas System, Series A (RB) 3.00%, 08/15/31 (c)		525			448,754
Board of Regents of the University of Texas System, Series E (RB) 4.00%, 08/15/27 (c)		650			650,757
Central Texas Regional Mobility Authority, Senior Lien, Series E (RB) 5.00%, 01/01/30 (c)		750			790,852
City of Austin, Texas Electricity Utility System, Series A (RB) 5.00%, 11/15/29 (c)		1,375			1,470,942
City of El Paso (GO) 4.00%, 08/15/29 (c)		950			938,664
City of Lubbock, Texas Electric Light & Power System (RB) 4.00%, 04/15/30 (c)		650			623,220
City of San Antonio, Texas Electric & Gas Systems (RB) 5.00%, 02/01/32 (c)		500			542,371

	Par (000’s		)	Value
Texas (continued)
City of San Antonio, Texas Electric & Gas Systems, Series A (RB) 5.00%, 02/01/31 (c)	$	1,000		$	1,071,710
Cypress-Fairbanks Independent School District, Series A (GO) 2.25%, 02/15/31 (c)		600			429,167
Dallas Independent School District, Unlimited Tax School Building (GO) 4.00%, 02/15/32 (c)		1,000			967,158
El Paso Independent School District, Unlimited Tax School Building (GO) 4.00%, 08/15/29 (c)		1,000			962,792
Grand Parkway Transportation Corp. System, First Tier Toll, Series C (RB) 4.00%, 04/01/30 (c)		770			713,304
Grand Parkway Transportation Corp. System, Subordinate Tier Toll, Series A (RB) 5.00%, 04/01/28 (c)		640			670,687
Harris County, Cultural Education Facilities Finance Corp., Houston Methodist Hospital (RB) 4.00%, 06/01/25 (c)		590			576,420
Harris County, Cultural Education Facilities Finance Corp., Texas Children’s Hospital, Series A (RB) 3.00%, 10/01/31 (c)		1,145			992,454
Harris County, Flood Control District, Series A (GO) 4.00%, 10/01/29 (c)		500			489,174
Harris County, Hospital District (RB) 4.00%, 02/15/26 (c)		560			542,565
Harris County, Humble Independent School District (GO) 5.00%, 02/15/32 (c)		1,000			1,101,895
Katy Independent School District (GO) 4.00%, 02/15/32 (c)		750			738,353
Leander Independent School District, Series A (GO)
0.00%, 08/16/26 (c) ^		900			392,290
0.00%, 08/16/26 (c) ^		95			37,464
New Hope Cultural Education Facilities Finance Corp. Hospital, Children’s Healthcare, Series A (RB) 4.00%, 08/15/27 (c)		555			555,408
North Texas Tollway Authority System, Second Tier (RB) 4.25%, 01/01/28 (c)		1,000			988,340

	Par (000’s		)	Value
Texas (continued)
Northwest Independent School District, Unlimited Tax School Building (GO) 4.00%, 02/15/31 (c)	$	1,000		$	984,424
Permanent University Fund - University of Texas System (RB) 4.00%, 07/01/33 (c)		500			506,748
Plano Independent School District, Unlimited Tax School Building (GO)
5.00%, 08/15/32 (c)		1,000			1,115,502
5.00%, 08/15/32 (c)		1,000			1,117,854
San Jacinto College District, Series A (GO) 5.00%, 02/15/29 (c)		900			968,696
State of Texas, Department of Housing & Community Affairs, Residential Mortgage, Series A (RB) 5.25%, 07/01/32 (c)		1,000			1,049,587
Texas Water Development Board (RB) 4.00%, 10/15/30 (c)		500			494,039
Texas Water Development Board, Series A (RB)
4.00%, 10/15/29 (c)		990			971,059
5.00%, 04/15/28 (c)		840			894,478
Texas Water Development Board, Series B (RB) 4.00%, 10/15/28 (c)		1,000			1,002,007
Tomball Independent School District (GO)
4.00%, 02/15/30 (c)		1,000			1,000,662
5.00%, 02/15/33 (c)		1,000			1,137,400
University of Houston, Series A (RB) 5.00%, 02/15/32 (c)		500			539,379
Ysleta Independent School District (GO) 5.00%, 02/15/32 (c)		500			547,156
					31,468,843
Utah: 0.8%
Salt Lake City, International Airport, Series B (RB) 5.00%, 07/01/28 (c)		360			378,518
University of Utah, Board of Higher Education (RB)
5.00%, 08/01/31 (c)		1,160			1,280,422
5.00%, 08/01/32 (c)		585			657,633
Utah County, IHC Health Services, Inc., Series B (RB) 3.00%, 05/15/26 (c)		210			167,140
					2,483,713

	Par (000’s		)	Value
Virginia: 1.4%
Hampton Roads Transportation Accountability Commission, Hampton Roads Transportation, Series A (RB)
4.00%, 07/01/30 (c)	$	665		$	671,003
4.00%, 07/01/32 (c)		600			577,632
5.00%, 07/01/30 (c)		500			544,148
5.00%, 07/01/30 (c)		625			682,080
Rector and Visitors of Virginia University, Series A (RB) 4.00%, 04/01/25 (c)		500			500,919
University of Virginia, Series A (RB) 5.00%, 04/01/27 (c)		1,000			1,067,910
Virginia Small Business Financing Authority, National senior Campuses, Inc., Series A (RB) 4.00%, 07/01/27 (c)		500			445,350
					4,489,042
Washington: 1.9%
Central Puget Sound Regional Transit Authority, Sales Tax and Motor Vehicle Excise Tax, Series S-1 (RB) 4.00%, 11/01/31 (c)		1,000			991,423
Energy Northwest, Columbia Generating Station Electric, Series A (RB) 4.00%, 07/01/31 (c)		1,000			1,000,143
5.00%, 07/01/31 (c)		600			669,818
5.00%, 07/01/31 (c)		455			509,944
King County Public Hospital District No. 2, Evergreen Health, Series A (GO) 4.00%, 12/01/29 (c)		650			615,781
State of Washington, Series A (GO) 5.00%, 08/01/29 (c)		1,000			1,093,932
State of Washington, Various Purpose, Series C (GO) 5.00%, 02/01/28 (c)		800			858,478

	Par (000’s		)	Value
Washington (continued)
Washington Health Care Facilities Authority, Virginia Mason Medical Center (RB) 4.00%, 08/15/27 (c)	$	205		$	183,041
					5,922,560
West Virginia: 0.2%
West Virginia Parkways Authority, Turnpike Toll (RB) 5.00%, 06/01/31 (c)		620			674,293
Wisconsin: 1.1%
Public Finance Authority, KU Campus Development Corp. (RB) 5.00%, 03/01/26 (c)		800			813,704
Public Finance Authority, Renown Regional Medical Center Project, Series A (RB) 4.25%, 06/01/25 (c)		500			493,284
Wisconsin Health & Educational Facilities Authority, Marshfield Clinic Health System, Inc., Series A (RB) 5.00%, 02/15/26 (c)		1,000			998,985
Wisconsin Health and Educational Facilities Authority, Children’s Hospital, Inc. (RB) 4.00%, 08/15/27 (c)		1,000			945,753
Wisconsin Health and Educational Facilities Authority, Marshfield Clinic Health System, Inc., Series C (RB)
4.00%, 02/15/27 (c)		115			97,287
4.00%, 02/15/27 (c)		105			95,258
					3,444,271
Wyoming: 0.3%
Wyoming Community Development Authority (RB) 4.40%, 06/01/32 (c)		1,000			1,003,709
Total Municipal Bonds: 98.4% (Cost: $326,087,728)					308,409,942
Other assets less liabilities: 1.6%					5,065,138
NET ASSETS: 100.0%				$	313,475,080

The summary of inputs used to value the Fund’s investments as of April 30, 2023 is as follows:

Transactions in securities of affiliates for the period ended April 30, 2023 were as follows:

The summary of inputs used to value the Fund’s investments as of April 30, 2023 is as follows:

	Par (000’s		)	Value
MUNICIPAL BONDS: 98.5%
Alabama: 2.5%
Alabama Special Care Facilities Financing Authority-Birmingham, Methodist Home (RB) 5.50%, 06/01/26 (c)	$	500		$	476,581
Black Belt Energy Gas District, Series C-1 (RB) 4.00%, 12/01/26 (c) (p)		2,100			2,094,608
Hoover Industrial Development Board, United States Steel Corp. Project (RB) 6.38%, 11/01/30 (p)		390			429,326
Lower Alabama Gas District, Project No. 2 (RB) (SAW) 4.00%, 12/01/25 (c) (p)		1,000			1,000,107
Southeast Alabama Gas Supply District, Series A (RB) 4.00%, 04/01/24 (c) (p)		2,100			2,103,032
Sumter County, Alabama Industrial Development Authority Exempt Facilities, Enviva, Inc. Project (RB) 6.00%, 07/15/32 (c) (p)		2,000			1,804,102
Tuscaloosa County Industrial Development Authority, Hunt Refining Project, Series A (RB) 4.50%, 05/01/29 (c)		2,371			2,174,666
					10,082,422
American Samoa: 0.1%
American Samoa Economic Development Authority, Series A (RB) 6.50%, 09/01/28		250			267,526
Arizona: 2.2%
Arizona Industrial Development Authority Education Facility, Leman Academy of Excellence, East Tucson and Central Tucson Projects, Series A (RB) 4.00%, 07/01/24 (c)		500			471,193
Arizona Industrial Development Authority, Basis School Projects, Series A (RB)
4.75%, 07/01/23 (c)		1,195			1,183,841
5.00%, 07/01/26		150			150,703
Arizona Industrial Development Authority, Economic Development, Linder Village Project (RB) (AGM) 5.00%, 06/01/31		1,000			1,001,592
Arizona Industrial Development Authority, Legacy Cares, Inc. Project, Series A (RB) (AGM) 6.75%, 07/01/27 (c) (d) *		500			325,000

	Par (000’s		)	Value
Arizona (continued)
Arizona Industrial Development Authority, Legacy Cares, Inc. Project, Series C (RB) (AGM) 6.75%, 07/01/27 (c) (d) *	$	1,000		$	650,000
Arizona Industrial Development Authority, Pinecrest Academy of Nevada, Cadence Campus Project, Series A (RB) 4.00%, 07/15/28 (c)		495			473,714
Arizona Industrial Development Authority, Pinecrest Academy of Northern Nevada Project, Series A (RB) 4.50%, 07/15/25 (c)		500			487,034
Arizona Industrial Development Authority, Point 320 LLC, Series A (RB) 3.62%, 05/20/33		469			438,753
City of Phoenix Civic Improvement Corp., Junior Lien Airport, Series B (RB) 5.00%, 07/01/29 (c)		1,000			1,093,852
City of Phoenix Civic Improvement Corp., Junior Lien Airport, Series D (RB) 5.00%, 07/01/27 (c)		500			543,880
Industrial Development Authority of the City of Phoenix, Basis Schools, Inc. Project, Series A (RB) 4.00%, 07/01/25		325			319,307
Maricopa County Industrial Development Authority, Legacy Traditional Schools Projects, Series B (RB) 4.00%, 07/01/29		1,390			1,330,482
Salt Verde Financial Corp. (RB)
5.25%, 12/01/24		65			65,896
5.25%, 12/01/28		10			10,568
5.50%, 12/01/29		370			399,277
					8,945,092
Arkansas: 0.5%
Arkansas Development Finance Authority, Baptist Memorial Health Care Corp., Series B-2 (RB) 5.00%, 09/01/27 (c) (p)		2,000			2,121,223
California: 7.0%
Antelope Valley Healthcare District, Series A (RB) 5.00%, 03/01/26		440			443,648
California Community Choice Financing Authority, Clean Energy Project, Series A-1 (RB) 5.00%, 08/01/29 (c) (p)		1,000			1,061,434
California Housing Finance Agency, Series A (RB) 4.00%, 03/20/33		1,896			1,893,446

	Par (000’s		)	Value
California (continued)
California Municipal Finance Authority, CHF-Davis I, LLC-West Village Student Housing Project, Series A (RB) 5.00%, 11/15/28 (c)	$	1,340		$	1,434,080
California Municipal Finance Authority, Community Medical Centers, Series A (RB)
5.00%, 02/01/27 (c)		50			52,707
5.00%, 02/01/27		50			52,543
California Municipal Finance Authority, LINXS APM Project, Series A (RB)
5.00%, 06/30/27		610			642,402
5.00%, 06/30/28		220			234,526
California Municipal Finance Authority, LINXS APM Project, Series A (RB) (AGM) 5.00%, 06/30/28 (c)		260			276,898
California Municipal Finance Authority, United Airlines, Inc., International Airport Project (RB) 4.00%, 07/15/29		6,625			6,461,089
California Pollution Control Financing Authority, Solid Waste Disposal, CalPlant I Project (RB) 7.00%, 07/01/22 (d) *		1,000			50,000
California Pollution Control Financing Authority, Solid Waste Disposal, CalPlant I Project (RB) (SAW) 7.50%, 07/01/32 (d) *		1,360			176,800
California Pollution Control Financing Authority, Solid Waste Disposal, Waste Management, Inc. Project, Series A-1 (RB)
3.38%, 07/01/25		400			398,376
3.62%, 07/01/25 (c)		2,000			1,985,042
California Public Finance Authority, Enso Village Project, Series B (RB) 3.12%, 11/15/23 (c)		1,500			1,386,014
California Statewide Communities Development Authority, Baptist University, Series A (RB) 3.50%, 11/01/27		1,000			957,728
California Statewide Communities Development Authority, Daughters of Charity Health System, Series A (RB) 5.75%, 05/30/23 (c)		3			2,726

	Par (000’s		)	Value
California (continued)
California Statewide Communities Development Authority, Irvine East Campus Armaments, CHF-Irvine, LLC (RB) 5.00%, 05/15/26 (c)	$	300		$	307,543
California Statewide Communities Development Authority, Loma Linda University Medical Center, Series A (RB) 5.00%, 06/01/26 (c)		350			361,077
California Statewide Communities Development Authority, NCCD-Hooper Street LLC-California College of the Arts Project (RB) 5.00%, 07/01/29		250			249,066
City and County of San Francisco, Airport Commission, International Airport, Series H (RB)
5.00%, 05/01/26		500			523,144
5.00%, 05/01/27		500			531,479
5.00%, 05/01/29		500			546,874
City of Modesto, Community Center Refinancing Project, Series A (CP) (AMBAC) 5.00%, 11/01/23		5			5,010
City of Oroville Hospital (RB) 5.00%, 04/01/29 (c)		500			460,207
Compton Public Finance Authority (RB) 4.50%, 09/01/24 (c)		1,000			979,061
County of Sacramento, Airport System, Series C (RB) 5.00%, 07/01/27		250			266,173
County of Sacramento, Airport System, Series E (RB) 5.00%, 07/01/28		115			129,162
County of Santa Barbara, Solid Waste System, Series B (CP) (AMBAC) 5.00%, 12/01/28 (c)		520			575,749
El Centro Financing Authority, El Centro Regional Medical Center Project (RB) 4.50%, 07/01/26 (c)		480			480,186
Irvine Unified School District Community Facilities District No. 09-1, Series D (ST) 5.00%, 09/01/26		110			115,561
Lake Elsinore Public Financing Authority, Local Agency (ST) 5.00%, 09/01/24		230			234,044
MSR Energy Authority, Series A (RB) 6.12%, 11/01/29		260			279,841

	Par (000’s		)	Value
California (continued)
Northern California Energy Authority, Series A (RB) 4.00%, 07/01/24 (p)	$	1,250		$	1,258,517
Oakland Unified School District (GO) 5.00%, 08/01/26		380			405,865
Palomar Health (RB)
5.00%, 11/01/25		250			258,484
5.00%, 11/01/26 (c)		90			94,239
Poway Unified School District Public Financing Authority, Series A (ST) 5.00%, 09/01/24		110			111,776
River Islands Public Financing Authority, Improvement Area No. 1, Series A (ST) (AGM) 5.00%, 09/01/29 (c)		500			579,847
San Francisco Community College District (GO)
5.00%, 06/15/25		1,000			1,045,714
5.00%, 06/15/25 (c)		205			214,914
Western Hills Water District, Diablo Grande Community Facilities District No. 1 (ST) 4.00%, 09/01/21 (d) *		370			122,100
					27,645,092
Colorado: 1.8%
City and County of Broomfield, Arista Metropolitan District, Series A (GO) 4.38%, 12/01/23 (c)		500			482,748
City and County of Denver, Colorado Airport System, Series A (RB) 5.00%, 12/01/28 (c)		295			320,292
City and County of Denver, United Airlines, Inc. Project (RB) 5.00%, 10/01/23 (c)		1,000			1,001,095
Colorado Health Facilities Authority, Aberdeen Ridge, Series B-1 (RB) 3.50%, 05/30/23 (c)		1,000			879,234
Denver Convention Center Hotel Authority (RB) 5.00%, 12/01/26 (c)		600			621,853
Fountain Urban Renewal Authority, South Academy Highlands Project, Series A (TA) 4.50%, 11/01/25 (c)		580			543,844
Painted Prairie Public Improvement Authority (RB) 4.00%, 12/01/24 (c)		500			471,605
Public Authority for Colorado Energy, Natural Gas Purchase (RB) 6.25%, 11/15/28		140			151,346

	Par (000’s		)	Value
Colorado (continued)
Rocky Mountain Rail Park Metropolitan District (GO) 5.00%, 03/01/26 (c)	$	500		$	426,882
Southlands Metropolitan District No. 1, Series A-1 (GO) 3.50%, 12/01/27		200			187,290
STC Metropolitan District No. 2, Series A (GO) 4.00%, 12/01/24 (c)		500			466,400
Transport Metropolitan District No. 3 (GO) 4.12%, 03/01/26 (c)		1,000			908,187
Windler Public Improvement Authority, Series A-1 (RB) (BAM) 4.00%, 09/01/26 (c)		1,000			836,329
					7,297,105
Connecticut: 0.4%
Connecticut State Health and Educational Facilities Authority, Masonicare Issue, Series F (RB) 4.00%, 07/01/26 (c)		120			111,200
Harbor Point Infrastructure Improvement District, Harbor Point Project (TA) 5.00%, 04/01/27 (c)		900			914,335
Town of Hamden, Whitney Center Project (RB) 5.00%, 01/01/26 (c)		450			435,120
					1,460,655
Delaware: 0.2%
Delaware State Economic Development Authority, NRG Energy Project, Series A (RB) 1.25%, 10/01/25 (c) (p)		1,000			912,310
District of Columbia: 0.1%
District of Columbia, Latin American Montessori Bilingual Public Charter School (RB) 4.00%, 06/01/30		500			479,401
Florida: 4.3%
Capital Trust Agency, Education Growth Fund, LLC Charter School Portfolio Project, Series A-1 (RB) 3.38%, 07/01/31		1,540			1,448,312
Capital Trust Agency, Elim Senior Housing, Inc., Project (RB) 5.00%, 08/01/24 (c)		425			381,484
Capital Trust Agency, The Marie Selby Botanical Gardens, Inc., Project (RB) 4.00%, 06/15/26 (c)		535			487,579

	Par (000’s		)	Value
Florida (continued)
Central Florida Expressway Authority, Series D (RB) (AGM) 5.00%, 07/01/31 (c)	$	500		$	587,954
City of Orlando, Florida Senior Tourist Development Tax, Series A (RB) (AGM) 5.00%, 11/01/27 (c)		500			544,723
City of Orlando, Tourist Development Tax, Series A (RB) (AGM) 5.00%, 11/01/27		600			651,821
County of Broward, Florida Airport System, Series A (RB) 5.00%, 10/01/25 (c)		290			298,925
County of Broward, School District, Series B (CP) 5.00%, 07/01/27 (c)		315			345,506
County of Escambia, Health Facilities Authority, Baptist Health Care Corp., Series A (RB) (SAW) 5.00%, 02/15/30 (c)		500			537,145
County of Miami-Dade, Industrial Development Authority, NCCD-Biscayne Properties LLC Project, Series A (RB) 5.00%, 06/01/25 (c)		315			308,014
County of Miami-Dade, School Board, Series D (CP) 5.00%, 02/01/26 (c)		120			125,116
County of Palm Beach, Atlantic University Housing Project, Series A (RB) 5.00%, 04/01/29		500			505,623
County of St. Lucie, School District, Sales Tax (RB) (AGM) 5.00%, 10/01/25		250			261,614
Florida Development Finance Corp. Education Facilities, Central School Project (RB) 5.00%, 08/15/32		500			498,493
Florida Development Finance Corp. Education Facilities, Cornerstone Chapter Academy Project (RB) 5.00%, 10/01/29 (c)		500			507,650
Florida Development Finance Corp., Renaissance Chapter School Inc. Project, Series C (RB) 4.00%, 09/15/27 (c)		470			430,673
Florida Development Finance Corp., Southwest Charter Foundation Inc. Project, Series A (RB) 5.12%, 06/15/27		145			138,740

	Par (000’s		)	Value
Florida (continued)
Florida Development Finance Corp., Virgin Trains USA Passenger Rail Project, Series A (RB)
6.38%, 01/01/26 (c) (p)	$	2,730		$	2,596,110
6.50%, 01/01/29 (c) (p)		2,750			2,595,324
Florida Development Finance Corp., Waste Pro USA, Inc. Project (RB) 5.00%, 05/30/23 (c)		500			469,135
JEA Electric System, Series B (RB) 5.00%, 10/01/27 (c)		110			121,012
Mid-Bay Bridge Authority, First Senior Lien, Series A (RB) 5.00%, 10/01/24		250			254,030
Polk Country Industrial Development Authority, Florida Industrial Development (RB) 5.88%, 01/01/33		2,000			2,018,155
Village Community Development District No. 12 (SA) (SAW) 3.80%, 05/01/28		470			466,823
Village Community Development District No. 13 (SA)
2.62%, 05/01/24		245			240,988
3.00%, 05/01/29		235			216,770
					17,037,719
Georgia: 1.3%
Atlanta Development Authorities Senior Health Care Facilities, Proton Treatment Center Project, Series A-1 (RB) 6.00%, 01/01/23		250			112,500
Burke County Development Authority, Georgia Power Company Plant Vogtle Project, Series E (RB) 3.25%, 02/03/25 (p)		1,000			987,508
Floyd County Development Authority, Spires at Berry College Project, Series A (RB) (SBG) 5.50%, 12/01/24 (c)		250			243,901
George L Smith II Congress Center Authority, Convention Center Hotel, First Ties, Series A (RB) 2.38%, 01/01/31		1,500			1,287,777
Georgia Local Government, Grantor Trust, Series A (CP) (NATL) 4.75%, 06/01/28		380			403,354

	Par (000’s		)	Value
Georgia (continued)
Georgia State, Road and Tollway Authority, Highway Grant Anticipation (RB)
5.00%, 06/01/25	$	300		$	313,062
5.00%, 06/01/28		250			279,246
Main Street Natural Gas, Inc., Series A-1 (RB) 5.50%, 09/15/25		135			138,894
Main Street Natural Gas, Inc., Series C (RB) 4.00%, 09/01/26 (c) (p)		1,000			999,199
Marietta Development Authority, University Facilities, Life University, Inc. Project, Series A (RB) 5.00%, 11/01/27		250			250,978
White County Development Authority, Truett McConnell University Project, Series A (RB) 5.00%, 10/01/26 (c)		225			216,392
					5,232,811
Guam: 1.2%
Guam Government, Business Privilege Tax, Series D (RB) 5.00%, 11/15/25 (c)		360			368,572
Guam Government, Business Privilege Tax, Series F (RB)
5.00%, 01/01/30		1,000			1,063,091
5.00%, 01/01/31		1,000			1,069,837
Guam Government, Department of Education, John F. Kennedy High School and Energy Efficiency Project, Series A (CP) 3.62%, 02/01/25		190			185,238
Guam Government, Hotel Occupancy Tax, Series A (RB) 5.00%, 11/01/28		250			266,213
Guam Government, Series A (RB) 5.00%, 12/01/24		1,000			1,013,522
Guam Power Authority, Series A (RB) 5.00%, 10/01/32 (c)		880			971,111
					4,937,584
Hawaii: 0.4%
State of Hawaii Department of Budget & Finance, Hawaiian Electric Company, Inc., Series A (RB) 3.10%, 05/01/26		1,500			1,457,540
Illinois: 16.5%
Board of Education of the City of Chicago, Series A (GO) (AMBAC) 5.50%, 12/01/31		1,000			1,099,431

	Par (000’s		)	Value
Illinois (continued)
Chicago Board of Education, Series A (GO)
5.00%, 12/01/29	$	1,000		$	1,054,477
5.00%, 12/01/29 (c)		1,000			1,049,555
5.00%, 12/01/30 (c)		2,000			2,098,610
5.00%, 12/01/30 (c)		1,500			1,569,872
7.00%, 12/01/25 (c)		200			215,308
Chicago Board of Education, Series A (GO) (AGM)
5.00%, 12/01/28 (c)		200			215,246
5.00%, 12/01/28 (c)		250			261,482
Chicago Board of Education, Series A (GO) (AMBAC) 5.50%, 12/01/26		230			239,071
Chicago Board of Education, Series A (GO) (NATL)
0.00%, 12/01/28 ^		795			642,928
0.01%, 12/01/24		310			291,390
0.01%, 12/01/26		310			270,828
Chicago Board of Education, Series B (GO)
5.00%, 12/01/29 (c)		1,250			1,312,064
5.00%, 12/01/29 (c)		2,000			2,093,435
5.00%, 12/01/29		1,250			1,318,096
5.00%, 12/01/29 (c)		1,950			2,035,397
5.00%, 12/01/29 (c)		1,400			1,457,754
5.00%, 12/01/30		2,000			2,112,197
5.00%, 12/01/30 (c)		2,000			2,098,918
5.00%, 05/30/23 (c)		2,215			2,220,279
Chicago Board of Education, Series C (GO)
5.00%, 12/01/24		1,000			1,014,895
5.00%, 12/01/27 (c)		1,560			1,617,005
5.00%, 12/01/27		500			522,587
Chicago Board of Education, Series E (GO) 5.12%, 12/01/24 (c)		1,320			1,334,329
Chicago Midway International Airport, Series A (RB) (AGM) 5.00%, 01/01/24 (c)		750			754,069
Chicago Midway International Airport, Series B (RB) 5.00%, 01/01/24 (c)		260			263,145
Chicago O’Hare International Airport, Series B (RB)
4.00%, 05/30/23 (c)		1,000			1,000,295
5.00%, 01/01/25 (c)		190			195,784
5.00%, 01/01/25 (c)		295			304,083
5.00%, 01/01/25 (c)		105			108,254
Chicago School Reform Board of Trustees, Series A (GO) (NATL) 0.00%, 12/01/29 ^		575			445,529
Chicago School Reform Board of Trustees, Series B-1 (GO) (NATL)
0.00%, 12/01/24 ^		515			484,085
0.00%, 12/01/25 ^		560			507,580
0.00%, 12/01/26 ^		490			428,083

	Par (000’s		)	Value
Illinois (continued)
0.00%, 12/01/28 ^	$	1,515		$	1,225,202
0.00%, 12/01/29 ^		585			453,277
0.01%, 12/01/30		190			140,780
Chicago Transit Authority, Federal Transit Administration Section 5307 Urbanized Area Formula (RB)
5.00%, 06/01/24		115			116,669
5.00%, 06/01/25		1,000			1,033,292
5.00%, 06/01/26		535			562,496
Chicago Transit Authority, Federal Transit Administration Section 5337 Urbanized Area Formula (RB) 5.00%, 06/01/25		1,000			1,033,292
City of Chicago, Neighborhoods Alive 21 Program, Series B (GO) 5.00%, 01/01/25		280			286,399
City of Chicago, Second Lien Water (RB)
5.00%, 11/01/24 (c)		270			275,720
5.00%, 11/01/24 (c)		150			153,462
5.00%, 11/01/24 (c)		100			102,060
5.00%, 05/30/23 (c)		100			100,638
City of Chicago, Second Lien Water, Series A-1 (RB) 5.00%, 11/01/26 (c)		100			104,580
City of Chicago, Series A (GO)
4.00%, 01/01/31 (c)		500			498,838
5.00%, 01/01/30		1,500			1,619,300
5.25%, 01/01/24 (c)		180			181,173
City of Chicago, Series C (GO) 5.00%, 01/01/25		1,090			1,114,911
Cook County Community College District No. 508 (GO) 5.25%, 12/01/23 (c)		240			240,940
County of Cook, Series A (GO) 5.00%, 11/15/26 (c)		500			532,028
Illinois Finance Authority, Admiral Lake Project (RB) 5.00%, 05/15/24 (c)		500			437,934
Illinois Finance Authority, Charter School, Art In Motion Project, Series A (RB) 4.00%, 07/01/31		1,000			874,679
Illinois Finance Authority, Friendship Village of Schaumburg (RB) 5.00%, 02/15/27 (d) *		1,190			535,500
Illinois Finance Authority, Lutheran Life Communities, Series A (RB) 5.00%, 11/01/26 (c)		250			240,813
Illinois Finance Authority, Roosevelt University (RB) 5.40%, 05/30/23 (c)		100			98,031

	Par (000’s		)	Value
Illinois (continued)
Illinois Finance Authority, Three Crowns Park (RB) 4.00%, 02/15/24 (c)	$	205		$	198,270
Illinois Municipal Electric Agency, Power Supply System, Series A (RB) 5.00%, 08/01/25 (c)		785			818,238
Illinois Sports Facilities Authority (RB)
5.00%, 06/15/28		395			406,739
5.00%, 06/15/29		545			562,192
Illinois Sports Facilities Authority (RB) (AMBAC) 0.00%, 06/15/26 ^		260			228,400
Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series A (RB) (NATL) 0.00%, 12/15/24 ^		130			122,325
Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series B (RB) 5.00%, 12/15/27 (c)		500			524,963
Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series B (RB) (NATL) 0.00%, 06/15/28 ^		115			96,000
Northern Illinois Municipal Power Agency, Series A (RB) 5.00%, 12/01/26 (c)		330			352,835
State of Illinois (GO)
3.50%, 06/01/26 (c)		350			347,416
4.00%, 06/01/26 (c)		1,000			1,013,364
4.00%, 08/08/23 (c)		185			185,337
4.12%, 11/01/26 (c)		100			102,155
4.12%, 08/08/23 (c)		300			300,645
5.00%, 11/01/24		705			719,786
5.00%, 02/01/24 (c)		150			151,607
5.00%, 02/01/27 (c)		600			636,279
5.00%, 02/01/27		500			529,838
5.00%, 05/01/24 (c)		100			101,427
5.25%, 07/10/23 (c)		1,000			1,003,570
5.25%, 07/10/23 (c)		275			275,982
5.50%, 07/10/23 (c)		60			60,242
5.50%, 07/10/23 (c)		270			271,090
5.50%, 07/10/23 (c)		500			502,017
5.50%, 07/10/23 (c)		1,400			1,405,648
State of Illinois (GO) (NATL) 6.00%, 11/01/26		2,000			2,106,626
State of Illinois, Sales Tax (RB)
4.00%, 06/15/26 (c)		810			821,605
5.00%, 06/15/23 (c)		285			285,458
5.00%, 06/15/23 (c)		190			190,282
5.00%, 06/15/26		235			246,031
State of Illinois, Sales Tax, Series A (RB) (BAM) 3.00%, 06/15/31 (c)		500			470,378

	Par (000’s		)	Value
Illinois (continued)
State Of Illinois, Sales Tax, Series A (RB) (BAM) 4.00%, 06/15/30	$	1,000		$	1,045,763
State of Illinois, Sales Tax, Series C (RB) 5.00%, 06/15/31		1,000			1,100,556
State of Illinois, Series A (GO)
4.00%, 08/08/23 (c)		100			100,182
5.00%, 03/01/29		500			546,358
5.00%, 03/01/30		500			552,801
State of Illinois, Series B (GO)
4.00%, 10/01/30 (c)		500			514,431
5.00%, 10/01/28 (c)		1,000			1,080,877
State of Illinois, Series C (GO) 5.00%, 11/01/27 (c)		315			337,293
State of Illinois, Series D (GO) 5.00%, 11/01/27 (c)		460			494,025
					65,407,106
Indiana: 1.9%
City of Anderson, Indiana Economic Development, Anderson University (RB) 4.75%, 05/30/23 (c)		290			276,758
Indiana Finance Authority Midwestern Disaster Relief, Ohio Valley Electric Corp. Project, Series C (RB) 3.00%, 11/01/30		1,000			909,948
Indiana Finance Authority, Ohio Valley Electric Corp. Project, Series A (RB) 4.25%, 11/01/30		3,015			3,019,904
Indiana Finance Authority, Ohio Valley Electric Corp. Project, Series B (RB) 3.00%, 11/01/30		1,000			909,948
Indiana Finance Authority, United States Steel Corp. Project, Series A (RB) 4.12%, 12/01/26		2,000			1,970,845
Indianapolis Local Public Improvement, Indianapolis Airport Authority Project, Series D (RB) 5.00%, 01/01/29		500			542,869
					7,630,272
Iowa: 0.7%
City of Coralville, Marriott Hotel and Convention Center, Series E (CP) 4.00%, 06/01/24 (c)		945			933,635
Iowa Finance Authority, Midwestern Disaster Area, Iowa Fertilizer Company Project (RB) 4.00%, 12/01/32 (c) (p)		1,000			985,105

	Par (000’s		)	Value
Iowa (continued)
Iowa Finance Authority, Northcrest, Inc. Project, Series B (RB) 5.00%, 03/01/24 (c)	$	300		$	298,455
Iowa Higher Education Loan Authority, Wartburg College Project (RB) 4.00%, 10/01/25		755			728,705
					2,945,900
Kansas: 0.2%
City of Goddard, Olympic Park Star Bond Project (RB) 3.60%, 05/19/23 (c)		225			212,831
City of Wichita, Health Care Facilities, Series III (RB) 5.00%, 05/15/26 (c)		600			555,261
Kansas Development Finance Authority, Village Shalom Project, Series B (RB) (AGC) 4.00%, 11/15/25		100			93,994
					862,086
Kentucky: 1.4%
City of Henderson, Pratt Paper, LLC Project, Series B (RB) 3.70%, 01/01/32		2,000			1,908,295
Commonwealth of Kentucky, State Property and Building Commission, Project No. 108, Series A (RB) 5.00%, 08/01/25 (c)		140			146,207
Commonwealth of Kentucky, State Property and Building Commission, Project No. 108, Series B (RB) 5.00%, 08/01/26		140			149,126
Commonwealth of Kentucky, State Property and Building Commission, Project No. 112, Series B (RB)
5.00%, 11/01/25		630			661,069
5.00%, 11/01/26 (c)		325			349,006
Kentucky Asset Liability Commission Project, Federal Highway Trust, Series A (RB) 5.25%, 09/01/23 (c)		250			251,399
Kentucky Economic Development Finance Authority, Masonic Home Independent Living II, Inc., Series A (RB)
5.00%, 05/15/26 (c)		2,000			1,824,975
5.00%, 05/15/26		85			82,305
Kentucky Municipal Power Agency, Prairie State Project, Series A (RB) (NATL) 5.00%, 09/01/25 (c)		175			180,809
					5,553,191

	Par (000’s		)	Value
Louisiana: 1.9%
Calcasieu Parish Service District, Lake Charles Memorial Hospital Project (RB) 5.00%, 12/01/27	$	1,025		$	1,015,082
Calcasieu Parish Service District, Lake Charles Memorial Hospital Project (RB) (SBG) 5.00%, 12/01/29		150			148,467
City of New Orleans, Louisiana Water (RB) 5.00%, 12/01/25 (c)		305			321,469
City of Shreveport, Water and Sewer, Series C (RB) (BAM) 5.00%, 12/01/26		525			560,408
Louisiana Local Government Environmental Facilities and Community Development Authority, Westlake Chemical Corp. Project (RB) 3.50%, 11/01/27 (c)		4,310			3,986,171
Louisiana Public Facilities Authority, Solid Waste Disposal , Louisiana Pellets, Inc. Project (RB) 7.00%, 07/01/24 (d) *		330			3
Louisiana Public Facilities Authority, Solid Waste Disposal , Louisiana Pellets, Inc. Project, Series A (RB) 7.50%, 07/01/23 (d) *		521			5
Parish of St James, Nustar Logistics, LP Project (RB) 6.10%, 06/01/30 (p)		1,500			1,618,618
					7,650,223
Maryland: 1.3%
City of Baltimore, Convention Center Hotel (RB) 5.00%, 09/01/27 (c)		1,200			1,222,156
City of Baltimore, East Baltimore Research Park Project, Series A (RB) 4.00%, 09/01/27		200			197,249
County of Frederick, Mount Saint Mary’s University, Series A (RB) 5.00%, 09/01/27		350			348,362
County of Howard, Series A (TA) 4.00%, 02/15/26 (c)		200			196,486
Maryland Economic Development Corp., CNX Marine Terminal, Inc. Port of Baltimore Facility (RB) 5.75%, 05/30/23 (c)		695			701,092

	Par (000’s		)	Value
Maryland (continued)
Maryland Economic Development Corp., Metro Centre at Owings Mills Project (TA) 3.75%, 01/01/27 (c)	$	155		$	150,489
Maryland Economic Development Corp., Port Covington Project (TA) 3.25%, 09/01/30		2,000			1,844,806
Maryland Economic Development Corp., Transportation Facilities, Series A (RB) 5.00%, 06/01/28		425			453,177
					5,113,817
Massachusetts: 0.6%
Collegiate Charter School of Lowell (RB) 5.00%, 06/15/26 (c)		490			492,500
Massachusetts Development Finance Agency, Beth Israel Lahey Health, Inc., Series I (RB) 5.00%, 07/01/26 (c)		310			328,606
Massachusetts Development Finance Agency, Beth Israel Lahey Health, Inc., Series K (RB) 5.00%, 07/01/28		500			547,083
Massachusetts Development Finance Agency, Newbridge on the Charles, Inc. (RB) 4.00%, 05/19/23 (c)		250			247,303
Massachusetts Development Finance Agency, Suffolk University (RB) 5.00%, 07/01/27 (c)		335			352,755
Massachusetts Development Finance Agency, UMass Memorial Health Care, Series I (RB) 5.00%, 07/01/26 (c)		100			104,799
Massachusetts Educational Financing Authority (RB) 5.00%, 01/01/25 (c)		275			280,390
					2,353,436
Michigan: 1.6%
City of Detroit, Michigan Unlimited Tax (GO) 5.00%, 04/01/26		1,000			1,024,843
City of Detroit, Series A (GO) (SBG) 5.00%, 04/01/31 (c)		500			528,180
Grand Rapids Economic Development Corp., Beacon Hill at Eastgate, Series A (RB) 4.00%, 11/01/24 (c)		250			231,941

	Par (000’s		)	Value
Michigan (continued)
Great Lakes Water Authority, Water Supply System, Senior Lien, Series C (RB)
5.00%, 07/01/26 (c)	$	1,000		$	1,069,028
5.00%, 07/01/26 (c)		500			535,695
Michigan Finance Authority Higher Education, Aquinas College Project (RB) 4.00%, 05/01/31		500			441,292
Michigan Finance Authority Higher Education, Thomas M. Cooley Law School Project (RB) 6.25%, 07/01/24 (c)		1,000			993,853
Michigan Strategic Fund, I-75 Improvement Project (RB) 5.00%, 12/31/28 (c)		155			163,149
Wayne County Airport Authority, Detroit metropolitan Wayne County Airport, Series C (RB) 5.00%, 12/01/27		1,415			1,544,789
					6,532,770
Minnesota: 0.6%
City of Anoka, Homestead at Anoka, Inc. Project (RB) 4.25%, 11/01/24 (c)		100			94,774
City of Blaine, Senior Housing and Health Facility, Series A (RB) 5.12%, 07/01/25		415			269,750
City of Brooklyn Park, Charter School, Athlos Leadership Academy Project, Series A (RB) 5.25%, 07/01/25 (c)		350			333,495
Duluth Economic Development Authority, Benedictine Health System, Series A (RB) 4.00%, 07/01/26 (c)		1,000			914,689
Saint Paul Minnesota Housing and Redevelopment Authority, Health Care, Series A (RB) 5.00%, 07/01/25 (c)		500			519,861
Saint Paul Minnesota Housing and Redevelopment Authority, HMONG College Prep Academy Project, Series A (RB) 5.00%, 09/01/26		100			100,174
					2,232,743
Mississippi: 0.7%
Mississippi Business Finance Corp., Enviva, Inc. Project, (RB) 7.75%, 07/15/32 (c) (p)		2,195			2,216,692

	Par (000’s		)	Value
Mississippi (continued)
Mississippi Business Finance Corp., Waste Pro USA, Inc. Project (RB) 5.00%, 08/02/27 (p)	$	500		$	476,937
					2,693,629
Missouri: 1.0%
City of St. Ann, Northwest Plaza Redevelopment Project, Series A (TA) 4.62%, 11/01/27 (c)		600			582,426
City of St. Louis, Industrial Development Authority, Ballpark Village Development Project, Series A (RB) 3.88%, 11/15/26 (c)		220			191,031
Kansas City Land Clearance Redevelopment Authority, Convention Center Hotel Project, Series B (TA) (AMBAC) 4.38%, 02/01/28 (c)		1,915			1,650,166
Lees Summit Industrial Development Authority, John Knox Village, Series A (RB) 5.00%, 08/15/25 (c)		125			115,935
Maryland Heights Industrial Development Authority, San Louis Community Ice Center Project, Series A (RB) (BAM) 4.38%, 03/15/28 (c)		365			334,034
Plaza at Noah’s Ark Community Improvement District (RB) 3.00%, 05/01/29 (c)		500			453,634
St. Louis County, Industrial Development Authority, Friendship Village St. Louis, Series A (RB) 5.00%, 09/01/25 (c)		500			500,197
					3,827,423
Nebraska: 0.2%
Central Plains Energy Project, Gas Project Crossover, Series A (RB)
5.00%, 09/01/27		500			519,288
5.00%, 09/01/28		100			105,017
5.00%, 09/01/30		125			133,653
					757,958
Nevada: 1.1%
City of Reno, Tax Increment Senior Lien, Series C (TA) 5.40%, 05/30/23 (c)		305			301,854
City of Sparks, Tourism Improvement District No. 1, Legends at Sparks Marina (RB)
2.50%, 06/15/24		150			146,741
2.75%, 06/15/28		1,000			907,468
Clark County, Airport System, Series A-2 (RB) 5.00%, 07/01/24 (c)		100			102,097

	Par (000’s		)	Value
Nevada (continued)
Clark County, Nevada Pollution Control, Southern California Edison Company (RB) 2.10%, 06/01/31	$	5		$	4,168
Clark County, School District, Series A (GO) 5.00%, 06/15/24		500			510,339
Clark County, School District, Series B (GO) (AGM)
5.00%, 06/15/29		250			284,407
5.00%, 06/15/29 (c)		250			283,679
Clark County, School District, Series B (GO) (BAM) 5.00%, 06/15/30		250			288,695
Clark County, School District, Series C (GO) 5.00%, 12/15/25 (c)		115			121,078
State of Nevada, Department of Business and Industry, Fulcrum Sierra Biofuels, LLC Project (RB) 5.88%, 12/15/27		377			386,008
Tahoe Douglas Visitors Authority (RB) 5.00%, 07/01/30 (c)		1,000			1,049,965
					4,386,499
New Hampshire: 0.1%
National Finance Authority, Covanta Project, Series A (RB) 4.00%, 07/01/23 (c)		250			237,145
New Hampshire Health and Education Facilities Authority, Hillside Village, Series A (RB) 5.25%, 07/01/24 (c) (d) *		242			53,260
					290,405
New Jersey: 5.4%
New Jersey Economic Development Authority, Continental Airlines, Inc. Project (RB)
5.25%, 05/30/23 (c)		2,000			2,013,319
5.62%, 03/05/24 (c)		1,000			1,014,903
5.75%, 05/30/23 (c)		300			300,861
New Jersey Economic Development Authority, Motor Vehicle Surcharges, Series A (RB)
4.00%, 07/01/27 (c)		760			774,857
5.00%, 07/01/27 (c)		1,000			1,063,801
New Jersey Economic Development Authority, New Jersey Transit Corp. Project, Series A (RB) 4.00%, 11/01/27		380			392,062
New Jersey Economic Development Authority, New Jersey Transit Corp. Project, Series B (RB) 4.00%, 11/01/25		500			507,395

	Par (000’s		)	Value
New Jersey (continued)
5.00%, 11/01/25	$	115		$	119,853
New Jersey Economic Development Authority, New Jersey Transit Transportation Project, Series A (RB) (AGM) 5.00%, 11/01/29 (c)		110			122,594
New Jersey Economic Development Authority, School Facilities Construction, Series AAA (RB) 5.50%, 12/15/26 (c)		115			124,751
New Jersey Economic Development Authority, School Facilities Construction, Series BBB (RB) 5.50%, 12/15/26 (c)		100			110,030
New Jersey Economic Development Authority, School Facilities Construction, Series NN (RB)
5.00%, 05/31/23 (c)		1,500			1,501,958
5.00%, 05/31/23 (c)		35			35,046
5.00%, 05/31/23 (c)		200			200,261
New Jersey Economic Development Authority, School Facilities Construction, Series PP (RB)
5.00%, 06/15/24 (c)		500			510,713
5.00%, 06/15/24 (c)		320			326,856
5.00%, 06/15/24 (c)		340			347,285
New Jersey Economic Development Authority, School Facilities Construction, Series UU (RB)
5.00%, 06/15/24 (c)		690			704,401
5.00%, 06/15/24		430			437,084
New Jersey Economic Development Authority, School Facilities Construction, Series XX (RB)
4.25%, 06/15/25 (c)		440			448,227
4.38%, 06/15/25 (c)		130			132,926
5.00%, 06/15/25 (c)		345			360,944
New Jersey Economic Development Authority, State House Project, Series B (RB) 4.00%, 12/15/28 (c)		750			779,999
New Jersey Economic Development Authority, West Campus Housing, LLC, Series A (RB) 4.12%, 07/01/25 (c)		175			158,770
New Jersey Educational Facilities Authority, Higher Education Facilities Trust (RB)
5.00%, 06/15/24 (c)		175			178,270
5.00%, 06/15/24 (c)		145			147,750

	Par (000’s		)	Value
New Jersey (continued)
New Jersey Health Care Facilities Financing Authority, Hospital Asset Transformation Program (RB) 5.00%, 10/01/24	$	315		$	321,911
New Jersey State Turnpike Authority, Series A (RB) (AGM) 5.25%, 01/01/26		500			532,240
New Jersey Transportation Trust Fund Authority, Series A (RB)
0.00%, 12/15/25 ^		120			109,803
0.00%, 12/15/26 ^		360			318,832
0.00%, 12/15/32 ^		5			3,545
5.00%, 12/15/28 (c)		205			225,553
5.00%, 06/15/24		300			304,942
5.00%, 06/15/26 (c)		395			417,335
New Jersey Transportation Trust Fund Authority, Series A-1 (RB) 5.00%, 06/15/26 (c)		110			116,247
New Jersey Transportation Trust Fund Authority, Series AA (RB)
5.00%, 06/15/23 (c)		490			491,028
5.00%, 06/15/25 (c)		275			285,185
5.25%, 06/15/25 (c)		365			381,686
5.25%, 06/15/25 (c)		100			104,782
5.25%, 06/15/25 (c)		435			454,220
State of New Jersey, Covid-19 General Emergency, Series A (GO)
5.00%, 06/01/26		500			534,485
5.00%, 06/01/27		500			546,590
State of New Jersey, Various Purposes (GO)
2.00%, 12/01/29 (c)		2,000			1,798,014
3.00%, 06/01/26		80			79,705
5.00%, 06/01/27		100			109,318
Tobacco Settlement Financing Corp., Series A (RB)
5.00%, 06/01/28 (c)		150			163,443
5.00%, 06/01/28 (c)		640			696,520
5.00%, 06/01/28		655			712,668
					21,522,968
New Mexico: 0.8%
City of Farmington, New Mexico Pollution Control, Public Service Company of San Juan And Four Corners Projects, Series B (RB) 2.15%, 10/01/31 (c)		1,700			1,364,968
City of Farmington, New Mexico Pollution Control, Southern California Edison Company Four Corners Project, Series A (RB) 1.80%, 04/01/29		1,100			945,157

	Par (000’s		)	Value
New Mexico (continued)
City of Farmington, New Mexico Pollution Control, Southern California Edison Company Four Corners Project, Series B (RB) 1.80%, 04/01/29	$	1,000		$	859,234
					3,169,359
New York: 12.4%
Brooklyn Arena Local Development Corp., Barclays Center, Series A (RB)
5.00%, 01/15/27 (c)		100			103,091
5.00%, 01/15/27 (c)		100			103,265
5.00%, 01/15/27 (c)		1,800			1,849,417
5.00%, 07/15/24		1,750			1,772,510
5.00%, 07/15/26		100			103,003
Build NYC Resource Corp., Brooklyn Navy Yard Cogeneration Partners, L.P. Project (RB) 5.00%, 12/31/28		1,195			1,134,383
Build NYC Resource Corp., New World Preparatory Chapter School Project, Series A (RB) 4.00%, 06/15/31		275			257,869
Build NYC Resource Corp., Richmond Preparatory Chapter School Project, Series A (RB) 4.00%, 06/01/29 (c)		595			556,576
County of Suffolk, Series A (GO) (AGM) 5.00%, 02/01/26		250			265,250
County of Suffolk, Series B (GO) (AGM) 5.00%, 10/15/26		250			269,819
Dutchess County Local Development Corp., Health Quest System, Inc., Series B (RB)
5.00%, 07/01/26 (c)		275			280,164
5.00%, 07/01/26 (c)		270			275,489
Huntington Local Development Corp., Gurwin Independent Housing, Inc., Fountaingate Gardens Project (RB) 4.00%, 07/01/27		1,000			950,142
Metropolitan Transportation Authority, Series A-1 (RB) 5.00%, 05/15/26 (c)		250			259,171
Metropolitan Transportation Authority, Series C-1 (RB) 5.00%, 05/15/28 (c)		250			268,265
Metropolitan Transportation Authority, Series D (RB)
5.00%, 11/15/26 (c)		500			519,662
5.00%, 05/15/28 (c)		560			601,097

	Par (000’s		)	Value
New York (continued)
Metropolitan Transportation Authority, Series D-1 (RB)
5.00%, 11/15/25 (c)	$	250		$	257,997
5.00%, 11/15/25 (c)		250			258,548
Monroe County Industrial Development Corp., Rochester regional Health Project, Series A (RB) 5.00%, 12/01/30 (c)		500			534,342
Monroe County Industrial Development Corp., Rochester Regional Health Project, Series A (RB) 5.00%, 12/01/30 (c)		1,060			1,120,362
Monroe County Industrial Development Corp., St. Ann’s Community Project (RB) 4.00%, 01/01/26 (c)		930			817,301
New York Convention Center Development Corp., Hotel Unit (RB) 5.00%, 11/15/25 (c)		500			523,566
New York Liberty Development Corp., 3 World Trade Center Project (RB) 5.15%, 11/15/24 (c)		1,000			1,001,146
New York State Dormitory Authority, Montefiore Medical Center, Series A (RB)
5.00%, 08/01/24		250			251,375
5.00%, 08/01/28 (c)		1,000			992,764
5.00%, 08/01/28 (c)		945			934,533
5.00%, 08/01/28 (c)		2,395			2,361,673
5.00%, 09/01/27		1,000			996,888
New York State Environmental Facilities Corp., Casella Waste Systems, Inc. Project (RB) 2.88%, 12/03/29 (p)		1,000			881,970
New York State Environmental Facilities Corp., Casella Waste Systems, Inc. Project (RB) (FHA 542 (C)) 2.75%, 09/02/25 (c) (p)		600			573,130
New York Transportation Development Corp., American Airlines, Inc. John F. Kennedy International Airport Project (RB)
2.25%, 08/01/26		815			762,675
5.00%, 05/19/23 (c)		620			620,449
5.00%, 05/19/23 (c)		4,155			4,160,106
5.25%, 08/01/30 (c)		865			894,030
New York Transportation Development Corp., Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment Project (RB)
4.00%, 10/01/30		4,380			4,319,070
5.00%, 01/01/28 (c)		785			823,259

	Par (000’s		)	Value
New York (continued)
5.00%, 01/01/28 (c)	$	4,405		$	4,619,885
New York Transportation Development Corp., Delta Air Lines, Inc., LaGuardia Airport Terminals C&D Redevelopment Project (RB) 5.00%, 01/01/28 (c)		780			818,137
New York Transportation Development Corp., John F. Kennedy Interational Airport Project, Series A (RB) 5.00%, 12/01/24		2,050			2,083,061
New York Transportation Development Corp., John F. Kennedy International Airport Project (RB) 3.00%, 08/01/31		2,000			1,750,113
Niagara Area Development Corp., New York Solid Waste Disposal Facility, Series B (RB) 3.50%, 07/01/23 (c)		1,500			1,464,769
Syracuse Industrial Development Agency, Carousel Center Project, Series A (RB)
5.00%, 01/01/26 (c)		1,130			866,623
5.00%, 01/01/26 (c)		750			575,658
Town of Oyster Bay, Public Improvement, Series B (GO) (AGM) 3.25%, 02/01/26 (c)		665			679,106
Town of Ramapo, Public Improvement, Series A (GO) (FGIC)
4.00%, 05/30/23 (c)		120			115,134
4.12%, 05/30/23 (c)		100			95,606
Triborough Bridge & Tunnel Authority, MTA Bridges and Tunnels, Series A (RB) (BAM-TCRS) 5.00%, 08/15/24		1,800			1,838,055
Trust for Cultural Resources of The City of New York, Lincoln Center for the Performing Arts, Inc., Series A (RB) 5.00%, 12/01/30 (c)		1,000			1,152,808
TSASC, Inc., Tobacco Settlement Bonds, Series A (RB)
5.00%, 06/01/27		70			73,441
5.00%, 06/01/27 (c)		70			73,577
Ulster County Capital Resource Corp., Woodland Pond of New Paltz Project (RB) 4.00%, 09/15/24 (c)		275			259,477

	Par (000’s		)	Value
New York (continued)
Yonkers Economic Development Corp., Charter School of Educational Excellence Project, Series A (RB) 4.00%, 10/15/29	$	200		$	187,713
					49,307,520
North Carolina: 0.3%
North Carolina Eastern Municipal Power Agency, Series B (RB) (NATL) 6.00%, 01/01/25		125			130,765
North Carolina Medical Care Commission, Vedan Health (RB) 5.00%, 06/01/25 (c)		250			261,350
North Carolina Turnpike Authority, Triangle Expressway System (RB) 5.00%, 01/01/25		350			359,425
North Carolina Turnpike Authority, Triangle Expressway System (RB) (AGM) 5.00%, 01/01/29 (c)		500			554,090
					1,305,630
North Dakota: 0.4%
County of Grand Forks, Red River Biorefinery, LLC Project, Series A (RB) 6.62%, 06/15/26 (c) (d) *		3,000			1,650,000
Ohio: 1.9%
American Municipal Power, Inc., Series A (RB) 5.00%, 02/15/29		500			559,268
County of Cuyahoga, Health Care and Independent Living Facilities, Series A (RB) 5.00%, 05/15/29 (c)		1,000			961,993
County of Cuyahoga, Ohio Hospital, The Metrohealth System (RB)
5.00%, 02/15/25		250			255,545
5.00%, 02/15/26		50			51,564
5.00%, 02/15/27		350			365,647
5.00%, 02/15/27 (c)		110			114,362
County of Muskingum, Ohio Hospital Facilities, Genesis Healthcare System (RB) 5.00%, 05/30/23 (c)		1,860			1,860,517
Ohio Air Quality Development Authority, American Electric Co. Project, Series B (RB) 2.60%, 10/01/29 (c) (p)		1,000			887,667
Ohio Air Quality Development Authority, American Electric Company Project, Series A (RB) 2.40%, 10/01/29 (c) (p)		500			440,898

	Par (000’s		)	Value
Ohio (continued)
Ohio Air Quality Development Authority, Ohio Valley Electric Corp. Project, Series A (RB) 3.25%, 09/01/29	$	2,000		$	1,869,279
					7,366,740
Oklahoma: 0.8%
Oklahoma Development Finance Authority, OU Medicine Project, Series B (RB)
5.00%, 08/15/26		1,000			984,005
5.00%, 08/15/27		250			245,987
Tulsa Municipal Airport Trust, American Airlines, Inc. (RB) 5.00%, 06/01/25 (c) (p)		2,000			2,016,035
					3,246,027
Oregon: 0.0%
Oregon State Business Development Commission, Red Rock Biofuels LLC Clean Energy Project (RB) 11.50%, 04/01/26 (c) (d) *		500			5
Pennsylvania: 4.4%
Allentown Neighborhood Improvement Zone Development Authority (RB)
5.00%, 05/01/27		1,250			1,276,849
5.00%, 05/01/28		1,665			1,703,679
5.00%, 05/01/28		875			896,744
Berks County Industrial Development Authority, Tower Health Project (RB)
4.00%, 11/01/27 (c)		200			123,902
5.00%, 11/01/24		1,000			751,348
5.00%, 11/01/25		1,000			679,977
5.00%, 11/01/26		400			263,922
5.00%, 11/01/27 (c)		1,065			659,938
Berks County Municipal Authority, Tower Health Project, Series A (RB)
5.00%, 02/01/30		800			495,804
5.00%, 02/01/31		425			263,338
Berks County Municipal Authority, Tower Health Project, Series B-2 (RB) 5.00%, 02/01/27 (c) (p)		1,500			974,675
Berks County Municipal Authority, Tower Health Project, Series B-3 (RB) 5.00%, 02/01/30 (c) (p)		500			309,877
City of Philadelphia, Gas Works, Series 13 (RB) 5.00%, 08/01/25		80			83,140
County of Albemarle, Industrial Development Authority Environmental Improvement, United States Steel Corp. Project (RB) 4.88%, 11/01/24		1,500			1,506,331

	Par (000’s		)	Value
Pennsylvania (continued)
Dauphin County General Authority University, Harrisburg University of Science and Technology Project (RB)
4.25%, 10/15/26	$	1,750		$	1,694,811
5.00%, 10/15/27		250			247,540
5.00%, 10/15/28 (c)		500			488,146
Doylestown Hospital Authority, Series A (RB) (SBG) 5.00%, 07/01/23 (c)		250			238,124
Fulton County Industrial Development Authority, Medical Center Project (RB) 4.00%, 07/01/26 (c)		775			765,493
Montgomery County Industrial Development Authority, Whitemarsh Continuing Care Retirement Community Project (RB) 4.00%, 01/01/25		720			704,009
Pennsylvania Economic Development Financing Authority, Pennsylvania Rapid Bridge Replacement Project (RB) 5.00%, 06/30/26		130			133,809
Pennsylvania Turnpike Commission, Series A-2 (RB) 5.00%, 06/01/26 (c)		100			106,133
Pennsylvania Turnpike Commission, Series E (RB) 6.00%, 12/01/27 (c)		875			999,229
Philadelphia Authority for Industrial Development, University of the Arts (RB)
4.50%, 03/15/28 (c)		675			654,974
4.50%, 03/15/28 (c)		25			27,136
Philadelphia Authority, Industrial Development, Electrical and Technology Charter School Project, Series A (RB) 4.00%, 06/01/31		575			547,063
Philadelphia Gas Works Co. (RB) 5.00%, 10/01/26		100			106,408
State Public School Building Authority, School District of Philadelphia Project, Series A (RB) (SAW) 5.00%, 12/01/26 (c)		200			212,092
The Hospitals and Higher Education, Facilities Authority of Philadelphia (RB)
5.00%, 07/01/26		115			119,064
5.00%, 07/01/27 (c)		275			287,524
					17,321,079

	Par (000’s		)	Value
Puerto Rico: 5.5%
Puerto Rico Commonwealth Aqueduct and Sewer Authority, Series A (RB)
5.00%, 07/01/30	$	3,000		$	3,041,262
6.12%, 07/01/24		410			414,797
Puerto Rico Commonwealth Aqueduct and Sewer Authority, Series B (RB)
5.00%, 07/01/28		1,000			1,017,219
5.00%, 07/01/31 (c)		2,000			2,006,514
Puerto Rico Commonwealth, Series A-1 (GO) (BAM-TCRS)
4.00%, 07/01/31 (c)		2,000			1,834,534
5.38%, 07/01/25		3,638			3,708,848
5.62%, 07/01/27		1,000			1,043,374
5.62%, 07/01/29		3,000			3,176,405
5.75%, 07/01/31		2,000			2,145,085
Puerto Rico Electric Power Authority, Series UU (RB) (AGM) 5.00%, 05/30/23 (c)		250			251,573
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority, Series A (RB) 6.62%, 05/30/23 (c)		100			101,455
Puerto Rico Municipal Finance Agency, Series A (RB) (AGM) 5.00%, 05/30/23 (c)		780			784,908
Puerto Rico Sales Tax Financing Corp., Series A-1 (RB) 0.01%, 07/01/28 (c)		2,000			1,361,111
Puerto Rico Sales Tax Financing Corp., Series A-1 (RB) (AGM) 0.01%, 07/01/28 (c)		1,308			986,899
					21,873,984
Rhode Island: 0.5%
Rhode Island Commerce Corp., Department of Transportation, Series A (RB)
5.00%, 05/15/30 (c)		400			459,255
5.00%, 05/15/30 (c)		250			285,794
Rhode Island Commerce Corp., Department of Transportation, Series B (RB) 5.00%, 06/15/26		155			165,126
Rhode Island Health and Educational Building Corp., Care New England, Series B (RB) 5.00%, 09/01/26 (c)		1,000			988,573
					1,898,748
South Carolina: 0.6%
South Carolina Jobs-Economic Development Authority, High Point Academy Project, Series A (RB) 5.00%, 12/15/26 (c)		600			604,547

	Par (000’s		)	Value
South Carolina (continued)
South Carolina Jobs-Economic Development Authority, Solid Waste Disposal, Series A (RB) 5.25%, 07/01/25 (c)	$	755		$	784,238
South Carolina Jobs-Economic Development Authority, The Woodlands at Furman (RB) 4.00%, 11/15/24 (c)		305			294,311
South Carolina Public Service Authority, Series A (RB)
5.00%, 06/01/25 (c)		290			300,427
5.00%, 06/01/26 (c)		525			549,161
					2,532,684
Tennessee: 0.2%
Blount County, Health and Educational Facilities Board, Series A (RB) 5.00%, 01/01/25 (c) (d) *		500			300,000
Memphis-Shelby County Industrial Development Board, Graceland Project, Series A (TA) 4.75%, 07/01/27		105			87,671
Tennessee Energy Acquisition Corp., Gas Project, Series A (RB) 5.25%, 09/01/26		525			538,804
					926,475
Texas: 7.8%
Austin Convention Enterprises, Inc., Convention Center Hotel, First Tier, Series A (RB)
5.00%, 01/01/27 (c)		1,200			1,236,349
5.00%, 01/01/27 (c)		1,155			1,191,416
Austin Convention Enterprises, Inc., Convention Center Hotel, First Tier, Series A (RB) (SAW) 5.00%, 01/01/26		775			787,834
Austin Convention Enterprises, Inc., Convention Center Hotel, Second Tier, Series A (RB) 5.00%, 01/01/27 (c)		500			504,389
Board of Regents of the University of Texas System, Series A (RB) (AGM) 5.00%, 08/15/29 (c)		50			57,137
Calhoun County Navigation Industrial Development Authority, Max Midstream Texas LLC Project, Series A (RB) 3.62%, 07/01/24 (c)		2,465			2,244,714
Central Texas Regional Mobility Authority, Series B (RB) 5.00%, 01/01/31 (c)		750			844,146
Central Texas Regional Mobility Authority, Series C (RB) 5.00%, 01/01/26 (c)		1,000			1,051,901

	Par (000’s		)	Value
Texas (continued)
Central Texas Turnpike System, Series C (RB) 5.00%, 08/15/24	$	120		$	122,096
Cities of Dallas & Fort Worth, Dallas/Forth Worth International Airport, Series A (RB) 5.00%, 11/01/23 (c)		1,000			1,004,743
City of Austin, Texas Airport System (RB)
5.00%, 11/15/24 (c)		395			401,804
5.00%, 11/15/25		625			648,459
City of Houston, Airport System, Series C (RB) 5.00%, 07/01/27		180			191,573
City of Houston, Airport System, United Airlines, Inc. Terminal E Project (RB) 5.00%, 07/01/24 (c)		2,250			2,257,051
City of Houston, Airport System, United Airlines, Inc. Terminal E Project, Series A (RB) 5.00%, 07/01/27		250			252,552
City of Houston, Continental Airlines, Inc., Terminal Improvement Projects (RB) 6.50%, 05/30/23 (c)		200			200,574
City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., Series C (RB)
5.00%, 07/15/27		1,000			1,010,382
5.00%, 07/15/28		500			507,591
City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., Technical Operations Center Project (RB) 5.00%, 07/15/28		1,500			1,522,773
City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., Terminal E Project (RB) 4.75%, 07/01/24		545			545,405
City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., Terminal Improvement Projects, Series B-1 (RB) 5.00%, 07/15/25 (c)		1,000			1,004,748
City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., Terminal Improvement Projects, Series B-2 (RB) 5.00%, 07/15/27		1,750			1,768,169

	Par (000’s		)	Value
Texas (continued)
Clifton Higher Education Finance Corp., Series A (RB)
4.62%, 08/15/25	$	60		$	59,465
5.12%, 08/15/25 (c)		200			200,561
Clifton Higher Education Finance Corp., Series D (RB) 5.25%, 08/15/25 (c)		500			502,951
Gulf Coast Industrial Development Authority, CITGO Petroleum Corp. Project (RB) 4.88%, 05/30/23 (c)		335			333,084
Harris County, Houston Sports Authority, Junior Lien, Series H (RB) (NATL) 0.00%, 11/15/29 ^		315			246,380
Love Field Airport Modernization Corp., Southwest Airlines Co. (RB) 5.00%, 05/30/23 (c)		1,000			1,000,152
Lower Colorado River Authority, LCRA Transmission Services Corp. Project (RB)
5.00%, 05/15/25 (c)		335			348,835
5.00%, 05/15/29 (c)		200			224,066
Matagorda County District No. 1, Pollution Control, Series B (RB) (AMBAC) 4.55%, 05/01/30		105			106,044
Matagorda County Navigation District No 1 (RB) 4.00%, 06/03/23 (c)		2,100			2,063,892
Mesquite Health Facility Development Corp., Christian Care Centers, Inc. Project (RB) (NATL) 5.00%, 02/15/26 (c) (d) *		113			3,398
Mission Economic Development Corp., Senior Lien, Natgasoline Project (RB) 4.62%, 05/19/23 (c)		3,200			3,126,856
New Hope Cultural Education Facilities Finance Corp., Carillon Lifecare Community Project (RB) 4.00%, 07/01/24 (c)		1,000			876,909
New Hope Cultural Education Facilities Finance Corp., Legacy Preparatory Charter Academy, Series A (RB) 5.25%, 05/30/23 (c)		185			186,435
New Hope Cultural Education Facilities Finance Corp., NCCD-College Station Properties LLC, Series A (RB)
5.00%, 07/01/23		100			85,000
5.00%, 07/01/24		100			85,000

	Par (000’s		)	Value
Texas (continued)
North Texas Tollway Authority, First Tier, Series D (RB) (AGC) 0.01%, 01/01/29	$	405		$	338,239
North Texas Tollway Authority, Second Tier, Series B (RB) 5.00%, 01/01/26 (c)		185			193,344
Port Beaumont Navigation District, Texas Dock & Wharf Facility, Series A (RB) 2.62%, 07/01/23 (c)		550			437,263
SA Energy Acquisition Public Facility Corp. (RB)
5.50%, 08/01/24		55			55,792
5.50%, 08/01/25		125			128,456
5.50%, 08/01/27		110			116,178
Tarrant County Cultural Education Facilities Finance Corp., MRC Stevenson Oaks Project, Series A (RB) 6.25%, 11/15/27 (c)		250			241,353
Tarrant County Cultural Education Facilities Finance Corp., Retirement Facility (RB) 4.00%, 05/15/24 (c)		275			260,340
Texas Municipal Gas Acquisition and Supply Corp. I, Senior Lien, Series A (RB)
5.25%, 12/15/23		15			15,104
5.25%, 12/15/24		60			61,178
5.25%, 12/15/25		100			103,152
Texas Municipal Gas Acquisition and Supply Corp. III (RB) 5.00%, 12/15/28		350			364,610
					31,119,843
Utah: 0.5%
Utah Charter School Finance Authority, Freedom Academy Foundation Project (RB) 4.50%, 06/15/27		800			781,166
Utah Salt Lake City, International Airport, Series A (RB) 5.00%, 07/01/31		1,000			1,116,391
					1,897,557
Virgin Islands: 0.9%
Matching Fund Special Purpose Securitization Corp., Virgin Island, Series A (RB)
5.00%, 10/01/28		585			596,400
5.00%, 10/01/32		1,000			1,014,949
Virgin Islands Public Finance Authority, Virgin Islands Gross Receipts Taxes, Series C (RB)
5.00%, 10/01/24		200			196,047
5.00%, 10/01/24 (c)		1,000			898,328

	Par (000’s		)	Value
Virgin Islands (continued)
Virgin Islands Water & Power Authority, Series B (RB)
5.00%, 05/30/23 (c)	$	55		$	53,112
5.00%, 05/30/23 (c)		620			593,175
5.00%, 05/30/23 (c)		75			73,084
5.00%, 05/30/23 (c)		150			149,256
					3,574,351
Virginia: 1.1%
Amherst Industrial Development Authority, Educational Facilities, Sweet Briar College (RB) 4.75%, 05/30/23 (c)		140			132,271
Peninsula Town Center Community Development Authority (RB) 4.50%, 09/01/27 (c)		325			322,591
Roanoke County Economic Development Authority, Series A (RB) 4.75%, 09/01/26 (c) (d) *		1,835			1,446,509
Roanoke Economic Development Authority, Residential Care Facility (RB) 4.30%, 09/01/27 (c) (d) *		1,525			1,159,371
Virginia College Building Authority, Marymount University Project, Series B (RB) 5.25%, 07/01/25 (c)		710			716,735
Virginia Small Business Financing Authority, Elizabeth River Crossing OPCO LLC Project (RB) 4.00%, 01/01/31		635			640,622
					4,418,099
Washington: 1.4%
King County, Public Hospital District No. 4, Snoqualmie Valley Hospital, Series A (RB) 5.00%, 12/01/25		110			110,171
Klickitat County, Public Hospital District No. 2 (RB) 4.00%, 12/01/27		750			720,519
Washington Health Care Facilities Authority, CommonSpirit Health, Series B-2 (RB) 5.00%, 08/01/25 (c) (p)		480			492,442
Washington State, Convention Center Public Facilities District (RB) 4.00%, 07/01/31		2,250			2,177,095
Washington State, Convention Center Public Facilities District, Series B (RB) 4.00%, 07/01/31 (c)		250			248,449

	Par (000’s		)	Value
Washington (continued)
Washington State, Convention Center Public Facilities District, Series B (RB) (AGM) 4.00%, 07/01/31 (c)	$	1,000		$	997,638
Washington State, Housing Finance Commission, Presbyterian Retirement Communities Northwest Projects, Series A (RB)
3.75%, 07/01/26		185			175,448
4.00%, 01/01/25 (c)		500			468,677
5.00%, 01/01/25 (c)		365			326,223
					5,716,662
West Virginia: 0.5%
County of Ohio, Fort Henry Centre Tax Increment Financing District No. 1, The Highlands Project (TA) 4.75%, 05/30/23 (c)		680			672,013
West Virginia Economic Development Authority, Arch Resources Project (RB) (SAW) 4.12%, 07/01/25 (c) (p)		1,000			984,819
West Virginia Hospital Finance Authority, West Virginia University Health System, Series A (RB) 5.00%, 06/01/26		150			158,839
					1,815,671
Wisconsin: 1.3%
Public Finance Authority, Celanese Corp., Series C (RB) 4.30%, 05/01/26 (c)		1,000			981,156
Public Finance Authority, Living Community First Mortgage (RB) 4.25%, 05/01/27 (c)		455			403,364
Public Finance Authority, North Carolina Charter Educational Foundation Project, Series A (RB) 4.10%, 06/15/26		475			459,314
Public Finance Authority, Penick Village (RB) 4.00%, 09/01/26 (c)		505			445,818
Public Finance Authority, Phoenix Academy Project, Series A (RB) 5.00%, 06/15/24 (c)		150			143,219
Public Finance Authority, Prime Healthcare Foundation, Inc., Series A (RB) 5.00%, 12/01/27		1,505			1,540,916

The summary of inputs used to value the Fund’s investments as of April 30, 2023 is as follows:

	Par (000’s		)	Value
MUNICIPAL BONDS: 98.6%
Alabama: 2.7%
Alabama Federal Aid Highway Finance Authority, Series A (RB) 5.00%, 09/01/27 (c)	$	1,000		$	1,104,173
Black Belt Energy Gas District Gas, Project No. 4, Series A (RB) 4.00%, 12/01/25 (c) (p)		1,000			1,001,562
Black Belt Energy Gas District, Series C-1 (RB) 4.00%, 12/01/26 (c) (p)		600			598,459
County of Jefferson (RB) 5.00%, 03/15/27 (c)		525			562,209
Jefferson County, Series A (GO) 5.00%, 04/01/25		340			352,257
Lower Alabama Gas District, Project No. 2 (RB) (SAW) 4.00%, 12/01/25 (c) (p)		1,500			1,500,161
Tuscaloosa City Board of Education (RB)
5.00%, 08/01/26 (c)		825			883,011
5.00%, 08/01/26 (c)		1,055			1,129,184
					7,131,016
Alaska: 0.3%
Alaska Housing Finance Corp., Series A (RB) 4.00%, 06/01/25 (c)		700			714,158
Arizona: 1.1%
City of Phoenix, Civic Improvement Corp., Junior Lien Airport, Series D (RB) 5.00%, 07/01/23		250			250,631
Maricopa County Industrial Development Authority, Banner Health, Series A (RB) 5.00%, 01/01/26		700			738,452
Maricopa County Special Health Care District, Series D (GO) 5.00%, 07/01/23		500			501,220
Pima County (GO) 4.00%, 07/01/23		310			310,401
Salt River Project Agricultural Improvement & Power District, Series A (RB)
5.00%, 01/01/26		500			529,711
5.00%, 01/01/27		500			542,794
					2,873,209
California: 17.7%
Bay Area Toll Authority, San Francisco Bay Area, Series A (RB) 2.95%, 04/01/26 (c) (p)		1,180			1,161,644
Bay Area Toll Authority, Series B (RB) 2.85%, 04/01/25 (c) (p)		385			381,417

	Par (000’s		)	Value
California (continued)
Bay Area Toll Authority, Series G (RB) 2.00%, 04/01/24 (c) (p)	$	725		$	712,858
California Community Choice Financing Authority, Clean Energy, Series A-1 (RB) 4.00%, 08/01/28 (c) (p)		500			505,316
California Health Facilities Financing Authority, Providence St. Joseph Health, Series B-2 (RB) 4.00%, 10/01/24 (c) (p)		500			502,408
California Health Facilities Financing Authority, Providence St. Joseph Health, Series B-3 (RB) 2.00%, 10/01/25 (c) (p)		335			323,764
California Health Facilities Financing Authority, Providence St. Joseph Health, Series C (RB) 5.00%, 10/01/25 (p)		585			605,678
California Infrastructure And Economic Development Bank, Series B-2 (RB) 3.00%, 10/01/26 (c) (p)		500			501,606
California State Public Works Board, Various Capital Projects, Series B (RB)
5.00%, 10/01/26		885			956,345
5.00%, 10/01/27 (c)		835			923,881
California State Public Works Board, Various Capital Projects, Series D (RB) 5.00%, 09/01/26		500			539,180
California Statewide Communities Development Authority, Cottage Health System (RB) 5.00%, 11/01/24 (c)		900			926,289
City & County of San Francisco, Series R-1 (GO) 4.00%, 06/15/23 (c)		1,000			1,001,924
Foothill-Eastern Transportation Corridor Agency, Series A (RB) 0.00%, 01/01/27 ^		500			454,059
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement, Series A (RB)
5.00%, 06/01/23 (c)		500			500,772
5.00%, 06/01/25 (c)		1,870			1,958,380
5.00%, 06/01/25 (c)		1,000			1,047,262
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement, Series A (RB) (AGM) 0.00%, 06/01/26 ^		1,000			921,184

	Par (000’s		)	Value
California (continued)
Grossmont-Cuyamaca Community College District (GO) 5.00%, 08/01/24	$	265		$	271,804
Los Angeles Community College District, Series C (GO) 5.00%, 08/01/26		500			539,686
Los Angeles Department of Water & Power, Series B (RB)
5.00%, 07/01/23		550			551,653
5.00%, 07/01/24		250			255,868
Los Angeles Unified School District, Series A (GO)
5.00%, 07/01/24		875			895,536
5.00%, 07/01/26		800			860,397
Metropolitan Water District of Southern California, Series B (RB)
5.00%, 07/01/23 (c)		450			451,356
5.00%, 07/01/24 (c)		1,000			1,023,644
Northern California Energy Authority, Series A (RB) 4.00%, 07/01/24 (p)		1,000			1,006,814
Oakland Unified School District, Series A (GO)
5.00%, 08/01/23		350			351,432
5.00%, 08/01/25 (c)		1,000			1,051,473
Orange County Transportation Authority, I-405 Improvement Project (RB)
4.00%, 10/15/24		675			684,850
5.00%, 10/15/24		750			771,529
Public Utilities Commission of the City & County of San Francisco, Wastewater Revenue, Series A (RB) 5.00%, 10/01/26		1,000			1,081,639
Public Utilities Commission of the City & County of San Francisco, Wastewater Revenue, Series B (RB) 2.12%, 10/01/23 (c) (p)		930			927,818
Regents of The University Of California, Limited Project, Series I (RB) 5.00%, 05/15/23		485			485,322
San Bernardino Community College District, Series A (GO) 4.00%, 08/16/27 (c)		540			575,220
San Bernardino Community College District, Series B (GO) 4.00%, 08/01/23 (c)		1,275			1,277,590
San Bernardino County, Capital Facilities, Project B (CP) 6.88%, 08/01/24		1,035			1,075,720
San Joaquin Hills, Agency Toll Road (RB)
0.00%, 01/01/24 ^		1,000			978,533
0.00%, 01/01/25 ^		500			476,140

	Par (000’s		)	Value
California (continued)
Southern California Public Power Authority. Windy Point/Windy Flats Project (RB) 5.00%, 01/01/24 (c)	$	725		$	734,376
Southwestern Community College District, Series D (GO) 5.00%, 08/01/25 (c)		500			525,736
State of California Department of Water Resources (RB) 5.00%, 12/01/26		500			543,825
State of California, Various Purpose (GO)
3.00%, 03/01/26		1,000			1,002,900
4.00%, 10/01/27		1,100			1,163,475
4.00%, 11/01/24		300			304,975
4.00%, 03/01/24		500			504,315
5.00%, 10/01/24		555			571,131
5.00%, 10/01/27		1,000			1,102,852
5.00%, 10/01/27		530			584,511
5.00%, 10/01/27		500			551,426
5.00%, 11/01/23		525			530,181
5.00%, 11/01/26		915			988,297
5.00%, 11/01/27 (c)		1,000			1,108,145
5.00%, 11/01/28		910			1,028,871
5.00%, 12/01/27		500			553,562
5.00%, 04/01/24		300			305,548
5.00%, 04/01/27		750			817,552
5.00%, 08/01/24		325			333,506
5.00%, 08/01/25		1,000			1,048,790
5.00%, 08/01/27		1,305			1,433,664
5.00%, 09/01/23		1,000			1,006,408
5.00%, 09/01/25		300			315,250
5.00%, 09/01/26		1,000			1,075,706
					47,652,993
Colorado: 1.6%
Colorado Health Facilities Authority, Sanford, Series A (RB) 5.00%, 11/01/25		500			522,569
Douglas County School District No. RE-1 (GO) (SAW) 5.00%, 12/15/24		1,000			1,033,225
Larimer County School District No. R-1 (GO) (SAW) 5.00%, 12/15/23		450			455,184
Regional Transportation District, Fastracks Project, Series B (RB) 5.00%, 11/01/28		1,000			1,128,432
State of Colorado, Series A (CP) 5.00%, 12/15/26		500			538,608
University of Colorado, Series A-2 (RB) 4.00%, 06/01/28 (c)		500			538,011
					4,216,029
Connecticut: 2.6%
State of Connecticut, Series C (GO) 5.00%, 06/15/26		300			320,432

	Par (000’s		)	Value
Connecticut (continued)
State of Connecticut, Series D (GO)
5.00%, 04/15/26	$	1,040		$	1,106,536
5.00%, 08/15/23		300			301,568
State of Connecticut, Series E (GO) 5.00%, 09/15/25		270			283,734
State of Connecticut, Special Tax Obligation, Series A (ST) 5.00%, 05/01/28		600			669,567
State of Connecticut, State Revolving Fund, Series B (RB) 5.00%, 06/01/26		275			294,726
State of Connecticut, Transportation Infrastructure Purposes, Series A (ST) 5.00%, 05/01/26		1,015			1,082,279
State of Connecticut, Transportation Infrastructure Purposes, Series B (RB) 5.00%, 10/01/24		535			549,799
University of Connecticut, Series A (RB)
5.00%, 04/15/24		575			585,354
5.00%, 04/15/26		550			585,510
5.00%, 04/15/28 (c)		1,000			1,110,435
					6,889,940
Delaware: 0.5%
Delaware State Economic Development Authority, NRG Energy Project, Series A (RB) 1.25%, 10/01/25 (c) (p)		500			456,155
Delaware Transportation Authority (RB) 5.00%, 07/01/26		500			536,959
State of Delaware, Series A (GO) 5.00%, 10/01/25		410			432,281
					1,425,395
District of Columbia: 1.0%
District of Columbia, Series C (RB) 5.00%, 10/01/26		785			847,482
District of Columbia, Series D (GO) 5.00%, 06/01/25		315			329,496
District of Columbia, Series E (GO) 5.00%, 06/01/25		500			523,010
Metropolitan Washington Airports Authority, Dulles Toll Road (RB) (AGC) 6.50%, 10/01/26 (c)		1,000			1,123,452
					2,823,440
Florida: 2.9%
Central Florida Expressway Authority (RB) (AGM) 5.00%, 07/01/27		500			548,244

	Par (000’s		)	Value
Florida (continued)
Central Florida Expressway Authority, Series B (RB) 5.00%, 07/01/26	$	300		$	320,289
County of Miami-Dade, Water and Sewer System (RB) 5.00%, 10/01/28		1,000			1,122,010
Florida Department of Management Services, Series A (CP) 5.00%, 11/01/26		250			269,592
Florida State Board of Education, Public Education Capital Outlay, Series C (GO) 5.00%, 06/01/24		1,000			1,020,487
Florida State Department of Transportation, Turnpike Enterprise, Series A (RB) 5.00%, 07/01/25 (c)		655			683,668
Miami-Dade County, Florida Water And Sewer System Revenue Refunding Bonds, Series B (RB) 5.00%, 10/01/27		500			549,889
School Board of Miami-Dade County, Series A (CP) 5.00%, 05/01/25 (c)		895			923,624
School District of Broward County, Series C (CP) 5.00%, 07/01/24		340			346,842
State of Florida, Board of Education, Lottery Revenue, Series A (RB)
5.00%, 07/01/23		450			451,293
5.00%, 07/01/24		650			664,654
State of Florida, Department Of Management Services, Series A (RB) 5.00%, 09/01/25		750			783,972
					7,684,564
Georgia: 3.5%
City of Atlanta, Water and Wastewater, Series A (RB) 5.00%, 11/01/24		500			515,570
Main Street Natural Gas, Inc., Series A (RB)
4.00%, 09/01/23 (c) (p)		500			500,388
4.00%, 09/01/27 (c) (p)		1,250			1,256,023
Main Street Natural Gas, Inc., Series B (RB) 4.00%, 12/02/24 (c) (p)		1,500			1,507,619
Main Street Natural Gas, Inc., Series C (RB) 4.00%, 09/01/26 (c) (p)		2,000			1,998,399
State of Georgia, Series A (GO)
5.00%, 02/01/26 (c)		680			726,320
5.00%, 08/01/26		700			753,289
State of Georgia, Series C (GO) 5.00%, 07/01/26		1,000			1,073,918

	Par (000’s		)	Value
Georgia (continued)
State of Georgia, Series E (GO) 5.00%, 12/01/24	$	1,100		$	1,136,524
					9,468,050
Guam: 0.4%
Guam Government, Waterworks Authority, Water and Wastewater System (RB) 5.50%, 07/01/23 (c)		1,000			1,003,413
Hawaii: 0.5%
City & County of Honolulu, Rail Transit Project, Series E (GO)
5.00%, 03/01/26		785			833,900
5.00%, 03/01/27		500			544,102
					1,378,002
Illinois: 4.6%
Board of Trustees of the University of Illinois, Series A (RB) 5.00%, 04/01/25		500			519,824
Chicago O’Hare International Airport, Series B (RB) (AGM) 5.00%, 01/01/26		500			527,334
Chicago O’Hare International Airport, Series C (RB) 5.00%, 01/01/26		315			332,221
Chicago Park District, Series A (GO) (NATL) 5.50%, 01/01/24 (c)		1,375			1,396,496
Chicago Transit Authority, Federal Transit Administration Section 5307 Urbanized Area Formula (RB)
5.00%, 06/01/23		350			350,322
5.00%, 06/01/25		340			351,320
City of Chicago, Series A (GO) 5.00%, 01/01/27		500			524,153
Cook County, Series A (GO) 5.00%, 11/15/26		300			319,010
Illinois Finance Authority, Clean Water Initiative (RB)
5.00%, 01/01/25		600			620,990
5.00%, 01/01/28		500			554,395
5.00%, 07/01/27		685			751,947
Illinois Finance Authority, Clean Water Initiative (RB) (AGM) 5.00%, 07/01/24		500			511,446
Illinois Finance Authority, Northwestern Memorial Healthcare, Series A (RB) 5.00%, 07/15/23		250			250,812
Illinois State Toll Highway Authority, Series A (RB) 5.00%, 01/01/27		415			449,913
Illinois State Toll Highway Authority, Series C (RB) 5.00%, 01/01/27		650			704,683

	Par (000’s		)	Value
Illinois (continued)
Sales Tax Securitization Corp., Series A (RB) 5.00%, 01/01/24	$	550		$	555,937
State of Illinois (GO) (AGC) 5.50%, 05/01/25		335			347,785
State of Illinois, Series A (RB) 4.00%, 06/15/28		580			596,810
State of Illinois, Series D (GO)
5.00%, 11/01/23		500			503,433
5.00%, 11/01/25		1,345			1,395,061
5.00%, 11/01/26		800			844,709
					12,408,601
Indiana: 0.8%
Indiana Finance Authority Hospital, Series 2012A, Community Health Network Project (RB) 5.00%, 05/01/23 (c)		1,000			1,000,000
Indiana Finance Authority, Indiana University Health, Series C (RB) 5.00%, 12/01/23		500			504,234
Indiana Finance Authority, Series C (RB) 5.00%, 12/01/24		575			593,641
					2,097,875
Iowa: 0.1%
Iowa Finance Authority (RB) 5.00%, 08/01/23		250			251,122
Kentucky: 1.3%
Kentucky Public Energy Authority, Gas Supply, Series B (RB) 4.00%, 01/01/25 (c) (p)		1,085			1,087,819
Kentucky Public Energy Authority, Gas Supply, Series C-1 (RB) 4.00%, 06/01/25 (c) (p)		1,100			1,101,829
Kentucky State Property & Building Commission (RB) 5.00%, 05/01/26		275			291,598
Louisville & Jefferson County, Metro Government, Norton Healtcare, Inc., Series C (RB) 5.00%, 10/01/26 (c) (p)		1,000			1,046,858
					3,528,104
Louisiana: 0.8%
Louisiana Public Facilities Authority, Ochsner Clinic Project, Series B (RB) (SAW) 5.00%, 05/15/25 (c) (p)		500			514,059
Louisiana State Citizens Property Insurance Corp., Series 2 (RB) 5.00%, 06/01/23		590			590,800

	Par (000’s		)	Value
Louisiana (continued)
St. John Baptist Parish, Marathon Oil Co., Series B-2 (RB) 2.38%, 07/01/26 (p)	$	750		$	709,821
State of Louisiana, Series A (GO) 5.00%, 03/01/26		335			355,397
					2,170,077
Maine: 0.2%
State of Maine, Series B (GO) (SBG) 5.00%, 06/01/25		500			522,596
Maryland: 3.0%
County of Montgomery, Consolidated Public Improvement, Series A (GO) 5.00%, 11/01/26		265			286,967
Department of Transportation of Maryland, Series B (RB) 5.00%, 12/01/23		500			505,502
Prince George’s County, Series A (GO) 5.00%, 07/15/25		425			445,837
State of Maryland, Department of Transportation (RB)
4.00%, 11/01/24 (c)		500			510,911
5.00%, 10/01/26		595			642,156
5.00%, 05/01/23		500			500,000
State of Maryland, Series B (GO)
5.00%, 08/01/24		550			563,713
5.00%, 08/01/25		500			525,065
State of Maryland, State and Local Facilities Loan, First Series (GO) 4.00%, 06/01/24 (c)		560			566,562
State of Maryland, State and Local Facilities Loan, First Series A (GO) 5.00%, 03/15/24		1,500			1,525,060
State of Maryland, State and Local Facilities Loan, First Series C (GO) 5.00%, 08/01/24		250			256,233
State of Maryland, State and Local Facilities Loan, Second Series A (GO) 5.00%, 08/01/26		625			671,367
State of Maryland, State and Local Facilities Loan, Series A (GO) 5.00%, 03/15/29		1,000			1,143,102
					8,142,475
Massachusetts: 3.2%
Commonwealth of Massachusetts, Federal Highway Grant Anticipation, Series A (RB) 5.00%, 06/15/23 (c)		860			861,996

	Par (000’s		)	Value
Massachusetts (continued)
Commonwealth of Massachusetts, Series A (GO)
5.00%, 01/01/26	$	250		$	264,855
5.00%, 01/01/27		710			770,767
Commonwealth of Massachusetts, Series C (GO) 5.00%, 10/01/26		400			431,566
Commonwealth of Massachusetts, Series D (GO)
5.00%, 07/01/23		900			902,675
5.00%, 07/01/27		250			274,745
Commonwealth of Massachusetts, Series E (GO)
3.00%, 12/01/25		750			753,047
5.00%, 11/01/26		295			318,940
Commonwealth of Massachusetts, Series E (GO) (AGM) 5.00%, 09/01/26		250			269,175
Massachusetts Bay Transportation Authority Subordinated Sales Tax Bonds Series A, Subseries A-1 & Subseries A-2 (RB) 5.00%, 07/01/24		515			526,849
Massachusetts Development Finance Agency, Broad Institute (RB) 5.00%, 04/01/26		450			477,692
Massachusetts Development Finance Agency, Harvard University Issue, Series A (RB) 5.00%, 10/15/26		500			541,014
Massachusetts Housing Finance Agency Housing Bonds, Series B-2 (RB) 0.90%, 12/01/24 (c)		1,000			905,217
Massachusetts School Building Authority, Series A (RB) 5.00%, 05/15/23 (c)		500			500,310
Massachusetts State College Building Authority, Series A (RB) 5.00%, 05/01/25 (c)		775			810,950
					8,609,798
Michigan: 1.3%
City of Royal Oak Hospital Finance Authority, William Beaumont Hospital Obligated Group, Series D (RB) 5.00%, 03/01/24 (c)		1,000			1,013,139
Great Lakes Water Authority Water Supply System, Series A (RB) 5.00%, 07/01/24		590			601,126
State of Michigan, Grant Anticipation (RB) 5.00%, 03/15/24		650			659,570

	Par (000’s		)	Value
Michigan (continued)
5.00%, 03/15/26	$	1,065		$	1,130,889
					3,404,724
Minnesota: 1.1%
Minneapolis-St. Paul Metropolitan Area, Series C (GO) 5.00%, 12/01/26		1,000			1,085,144
State of Minnesota, Various Purpose, Series A (GO) 5.00%, 08/01/24		1,200			1,229,919
State of Minnesota, Various Purpose, Series D (GO) 5.00%, 08/01/26		570			612,655
					2,927,718
Missouri: 0.6%
City of St. Louis, St. Louis Lambert International Airport, Series A (RB) (AGM) 5.00%, 07/01/23		1,000			1,002,109
Health & Educational Facilities Authority, Mercy Health, Series A (RB) 5.00%, 06/01/25		150			155,483
Missouri State Environmental Improvement and Energy Resources Authority, Water Pollution Control and Drinking Water, Series B (RB) 5.00%, 07/01/25 (c)		500			522,956
					1,680,548
Nebraska: 0.2%
Central Plains Energy Project, Gas Project Crossover, Series A (RB) 5.00%, 01/01/24 (c) (p)		500			503,693
Nevada: 0.7%
Clark County (GO) 5.00%, 06/01/25		1,090			1,139,035
County of Clark, Nevada McCarran International Airport, Series A (RB) 5.00%, 07/01/23		300			300,817
County of Clark, Series B (GO) 5.00%, 11/01/23		450			454,285
					1,894,137
New Jersey: 4.1%
New Jersey Economic Development Authority, School Facilities Construction, Series DDD (RB)
5.00%, 06/15/27 (c)		615			677,626
5.00%, 06/15/27 (c)		935			1,030,212
New Jersey Economic Development Authority, School Facilities Construction, Series WW (RB) 5.25%, 06/15/25 (c)		500			525,664

	Par (000’s		)	Value
New Jersey (continued)
New Jersey Educational Facilities Authority, Higher Education Facilities Trust (RB)
5.00%, 06/15/23	$	1,000		$	1,001,706
5.00%, 06/15/24		575			584,472
5.00%, 06/15/24 (c)		500			509,484
New Jersey Educational Facilities Authority, Princeton University, Series B (RB) 5.00%, 07/01/25		1,000			1,048,924
New Jersey Health Care Facilities Financing Authority, AHS Hospital Corp. (RB) 5.00%, 07/01/23		300			300,787
New Jersey Higher Education Student Assistance Authority, Series A (RB) (AGM) 5.00%, 12/01/23		500			504,925
New Jersey Transportation Trust Fund Authority, Series A (RB)
5.00%, 12/15/23		1,175			1,185,212
5.00%, 12/15/26		500			532,035
5.00%, 06/15/24		1,410			1,434,317
State of New Jersey, Covid-19 General Emergency, Series A (GO) 5.00%, 06/01/27		500			546,590
State of New Jersey, Various Purposes (GO)
2.00%, 06/01/25		500			483,505
2.00%, 06/01/26		500			477,253
Tobacco Settlement Financing Corp., Series A (RB) 5.00%, 06/01/23		290			290,390
					11,133,102
New Mexico: 0.8%
State of New Mexico (GO) 5.00%, 03/01/24		500			508,384
State of New Mexico, Series A (RB) 5.00%, 07/01/27		840			920,701
State of New Mexico, Series B (GO) 5.00%, 03/01/25		250			260,329
State of New Mexico, Series B (RB) 5.00%, 07/01/26		535			572,861
					2,262,275
New York: 13.3%
City of New York, Series A (GO)
4.00%, 08/01/23		250			250,514
5.00%, 08/01/24		1,500			1,537,399
City of New York, Series C (GO) 5.00%, 08/01/24		750			768,699
City of New York, Series C (GO) (SD CRED PROG) 5.00%, 08/01/27		500			548,451

	Par (000’s		)	Value
New York (continued)
City of New York, Series C and D (GO)
5.00%, 08/01/23	$	320		$	321,437
5.00%, 08/01/26		325			348,062
City of New York, Series E (GO) 5.00%, 08/01/24		255			261,358
City of New York, Series F-1 (GO) 5.00%, 03/01/27		410			445,383
Long Island Power Authority Electric System (RB) (BAM) 5.00%, 09/01/26		510			549,287
Metropolitan Transportation Authority, Series A-1 (RB) 5.00%, 11/15/24 (p)		2,000			2,023,617
Metropolitan Transportation Authority, Series A-2 (RB) (SD CRED PROG) 5.00%, 05/15/24 (p)		1,160			1,173,304
Metropolitan Transportation Authority, Series B (RB)
5.00%, 11/15/23		290			291,856
5.00%, 11/15/26		500			524,645
Metropolitan Transportation Authority, Series C-1 (RB) 5.00%, 11/15/23		500			503,208
New York City Housing Development Corp., Multi- Family Housing, Series F-2 (RB) (FHA 542 (C)) 0.60%, 07/01/25 (c) (p)		305			281,816
New York City Industrial Development Agency, Queens Baseball Stadium Project, Series A (RB) (AGM) 5.00%, 01/01/27		750			802,511
New York City Transitional Finance Authority Future Tax Secured, Series A (RB) 5.00%, 11/01/27		440			484,824
New York City Transitional Finance Authority Future Tax Secured, Series F, Subseries F-1 (RB) 5.00%, 02/01/27		850			920,544
New York City Transitional Finance Authority, Building Aid, Series S-1 (RB) (SAW)
5.00%, 07/15/24		550			562,674
5.00%, 07/15/25		570			597,248
New York City Transitional Finance Authority, Fiscal Series A, Subseries A-1 (RB) 5.00%, 11/01/26		1,000			1,076,634
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series C-1 (RB) 5.00%, 05/01/23		575			575,000

	Par (000’s		)	Value
New York (continued)
New York City Transitional Finance Authority, Series C (RB) 5.00%, 11/01/23	$	700		$	706,389
New York City Water & Sewer System, Series BB-2 (RB) 5.00%, 12/15/23 (c)		700			707,288
New York City Water & Sewer System, Series BB-2 (RB) (AGM) 5.00%, 12/15/24 (c)		430			442,977
New York State Dormitory Authority, New York Cornell University, Series A (RB) 5.00%, 07/01/26		700			753,511
New York State Dormitory Authority, Personal Income Tax, Series A (RB) 5.00%, 03/15/27		500			543,668
New York State Dormitory Authority, Personal Income Tax, Series B (RB) 5.00%, 02/15/27		510			555,820
New York State Dormitory Authority, Personal Income Tax, Series D (RB) (BAM) 5.00%, 02/15/25		1,000			1,037,283
New York State Dormitory Authority, Series A (RB) 5.00%, 02/15/27		500			543,977
New York State Dormitory Authority, Series C (RB) 5.00%, 03/15/28		640			712,095
New York State Dormitory Authority, State Sales Tax, Series B (RB) 5.00%, 09/15/25 (c)		500			526,184
New York State Dormitory Authority, State Sales Tax, Series C (RB) 5.00%, 03/15/25		1,035			1,077,306
New York State Dormitory Authority, State Sales Tax, Series E (RB) 5.00%, 03/15/26		680			725,640
New York State Dormitory Authority, State University Dormitory Facilities, Series A (RB) 5.00%, 07/01/25		500			523,278
New York State Environmental Facilities Corp., State Clean Water And Drinking Water Revolving Funds, Series B (RB) 5.00%, 06/15/28		605			680,067
New York State Housing Finance Agency, Series A-2, Series B-2, Series C (RB) 2.50%, 05/01/27 (c) (p)		975			937,315

	Par (000’s		)	Value
New York (continued)
New York State Housing Finance Agency, Series I (RB) (SAW) 1.75%, 05/19/23 (c)	$	700		$	686,283
New York State Housing Finance Agency, Series L-2 (RB) 0.75%, 05/19/23 (c)		750			690,141
New York State Urban Development Corp., State Personal Income, Series A (RB)
5.00%, 03/15/25		495			514,517
5.00%, 03/15/26 (c)		500			531,931
5.00%, 03/15/27		690			752,251
New York State Urban Development Corp., State Personal Income, Series E (RB) 5.00%, 03/15/25		500			519,714
Town of Oyster Bay, New York Public Improvement, Series B (GO) (AGM) 3.25%, 02/01/26		530			532,713
Town of Oyster Bay, Water District Notes (G.O. LTD NOTES) 5.00%, 03/08/24		1,000			1,014,675
Triborough Bridge & Tunnel Authority, Series A-2 (RB) 2.00%, 05/15/26 (p)		875			804,247
Triborough Bridge & Tunnel Authority, Series A (RB)
5.00%, 11/15/26		1,000			1,082,896
5.00%, 11/15/27		500			555,040
5.00%, 11/15/28		1,000			1,136,615
Triborough Bridge & Tunnel Authority, Series B (RB) 5.00%, 05/15/26 (p)		1,000			1,053,502
Triborough Bridge & Tunnel Authority, Series C-1B (RB) 5.00%, 05/15/26 (p)		500			526,602
					35,722,396
North Carolina: 2.1%
City of Charlotte, North Carolina Water & Sewer System (RB) 5.00%, 07/01/23		500			501,470
County of Guilford, Series B (GO) 5.00%, 05/01/24		500			509,897
County of Mecklenburg, Series A (GO) 4.00%, 04/01/27 (c)		1,000			1,057,088
County of Wake (RB) 5.00%, 09/01/26		375			403,887

	Par (000’s		)	Value
North Carolina (continued)
North Carolina Medical Care Commission Hospital, Caromont Health, Series B (RB) 5.00%, 02/01/26 (p)	$	500		$	527,508
North Carolina Turnpike Authority, Triangle Expressway System (RB) (BAM) 5.00%, 02/01/24		2,125			2,153,918
State of North Carolina, Series B (GO) 5.00%, 06/01/23		575			575,827
					5,729,595
Ohio: 2.7%
American Municipal Power, Inc., Combined Hydroelectric Projects, Series A (RB) 5.00%, 02/15/28		1,000			1,098,681
City of Columbus, Various Purpose (GO) 5.00%, 10/01/27 (c)		750			827,469
County of Allen, Ohio Hospital Facilities, Mercy Health, Series A (RB) 5.00%, 08/01/26		410			436,987
Franklin County Convention Facilities Authority (RB) 5.00%, 12/01/24 (c)		1,730			1,786,085
Lancaster Port Authority (RB) (SBG) 5.00%, 02/01/25 (c) (p)		485			494,518
Lucas-Plaza Hsg Development Corp., Bds Plaza Section 8, Proj B (RB) (FHA) 0.00%, 06/01/24 ^		500			482,084
State of Ohio, Higher Educational Facility, Case Western Reserve University Project (RB) 5.00%, 12/01/23		560			565,839
State of Ohio, Highway Capital Improvement, Series R (GO) 5.00%, 05/01/27		500			509,205
State of Ohio, Highway Capital Improvement, Series U (GO) 5.00%, 05/01/23		1,000			1,000,000
					7,200,868
Oklahoma: 0.6%
Canadian County Educational Facilities Authority, Mustang Public Schools (RB) 5.00%, 09/01/26 (c)		535			569,164
Oklahoma County Independent School District, Series A (GO) 3.00%, 07/01/27		1,000			1,006,708
					1,575,872

	Par (000’s		)	Value
Oregon: 0.9%
Beaverton School District 48J, Series B (GO) (SBG) 5.00%, 06/15/24 (c)	$	1,000		$	1,020,316
Linn and Benton Counties School District No. 8J (GO) (SBG) 5.00%, 06/15/26		350			374,379
Multnomah County School District No. 1J, Series B (GO) (SBG) 5.00%, 06/15/25		500			523,489
State of Oregon, Article Xi-Q State Projects, Series A (GO) 5.00%, 05/01/23		500			500,000
					2,418,184
Pennsylvania: 3.2%
City of Philadelphia, Series A (GO) 5.00%, 08/01/25		300			313,101
Commonwealth of Pennsylvania, First Series (GO)
5.00%, 01/01/26		560			591,796
5.00%, 01/01/27		315			340,812
5.00%, 03/15/25 (c)		500			519,993
5.00%, 06/15/29		500			510,435
Commonwealth of Pennsylvania, First Series (GO) (SBG) 5.00%, 07/15/26		1,000			1,070,174
County of Lehig, Valley Health Network, Series A (RB) (SBG) 5.00%, 07/01/26		600			632,557
Delaware River Port Authority, Series B (RB) 5.00%, 01/01/25		350			361,551
Montgomery County Industrial Development Authority, Series A (RB) 4.10%, 04/03/28 (p)		500			508,908
Montgomery County, Higher Education and Health Authority, Thomas Jefferson University, Series A (RB) 5.00%, 09/01/23		500			502,210
Philadelphia School District, Series F (GO) (SAW) 5.00%, 09/01/25		660			687,775
University of Pittsburgh of the Commonwealth System (RB) 4.00%, 02/15/26 (c)		500			517,050
Westmoreland County Municipal Authority (RB) 5.00%, 08/15/31		1,185			1,191,000
Westmoreland County Municipal Authority (RB) (BAM) 5.00%, 08/15/25 (c)		765			792,374
					8,539,736

	Par (000’s		)	Value
Rhode Island: 0.4%
Rhode Island Health and Educational Building Corp., Providence Public Buildings Authority Issue, Series A (RB) (AGM) 5.00%, 05/15/25 (c)	$	500		$	519,749
Tobacco Settlement Financing Corporation Tobacco Settlement Asset-Backed Bonds, Series A (RB) 5.00%, 06/01/25 (c)		500			511,331
					1,031,080
South Carolina: 0.9%
County of Charleston, Series C (GO) (SAW) 5.00%, 11/01/24		510			525,351
Patriots Energy Group Financing Agency, Series A (RB) 4.00%, 02/01/24 (c) (p)		1,765			1,768,178
					2,293,529
South Dakota: 0.2%
South Dakota Health And Educational Facilities Authority, Series A, Avera Health (RB) 5.00%, 07/01/24 (c) (p)		535			541,217
Tennessee: 1.3%
Metropolitan Government of Nashville & Davidson County (GO) 5.00%, 07/01/26		525			562,979
Metropolitan Government of Nashville & Davidson County, Series C (GO) (SBG) 5.00%, 01/01/24		500			505,991
Tennessee Energy Acquisition Corp., Gas Project (RB) 4.00%, 11/01/25 (c) (p)		1,775			1,775,638
Tennessee Energy Acquisition Corp., Series A (RB) 4.00%, 05/01/23 (c) (p)		560			560,000
					3,404,608
Texas: 8.2%
Bexar County (GO) 5.00%, 06/15/26 (c)		500			533,435
Board of Regents of the University of Texas System, Series H (RB) 5.00%, 08/15/23		275			276,398
City of Denton, Utility System (RB) 5.00%, 12/01/26		310			332,105
City of Houston, Airport System, Series D (RB)
5.00%, 07/01/23		500			501,329
5.00%, 07/01/24		250			255,261
City of Houston, Series A (GO) 5.00%, 03/01/24 (c)		750			761,151

	Par (000’s		)	Value
Texas (continued)
City of San Antonio, Electric and Gas Systems (RB) 5.00%, 08/01/26 (c)	$	630		$	674,789
City of San Antonio, General Improvement (GO) 5.00%, 08/01/25		500			523,949
Comal Independent School District (GO) 5.00%, 02/01/26		775			823,335
Conroe Independent School District, Unlimited Tax School Buildings, Series A (GO) 5.00%, 02/15/27		2,000			2,174,078
Dallas Area Rapid Transit, Series A (RB) 5.00%, 12/01/25 (c)		1,000			1,052,974
Dallas County Hospital District (GO) 5.00%, 08/15/23		950			954,582
Dallas County, Combination Tax and Parking Garage (GO) 5.00%, 08/15/23		375			376,884
Dallas Fort Worth International Airport, Series B (RB) 5.00%, 11/01/25		200			210,406
Dallas Independent School District, Series A (GO) 4.00%, 02/15/25 (c)		500			508,918
Denton Independent School District, Series A (GO) 5.00%, 08/15/25 (c)		500			524,124
Dripping Springs Independent School District (GO) 4.00%, 02/15/24 (c)		1,000			1,005,530
Harris County, Texas Toll Road Senior Lien, Series A (RB) 5.00%, 08/15/27		1,000			1,101,724
Houston Independent School District, Limited Tax School House (GO) 5.00%, 02/15/26		250			264,951
New Hope Cultural Education Facilities Finance Corp., Children’s Health System, Series A (RB) 5.00%, 08/15/23		160			160,721
North Texas Thruway Authority, Series I (RB) (AGC) 6.20%, 01/01/25 (c)		1,000			1,052,005
North Texas Tollway Authority, First Tier, Series A (RB) 5.00%, 01/01/26 (c)		595			621,836
Pflugerville Independent School District (GO) 5.00%, 02/15/24 (c)		500			506,805
Pflugerville Independent School District, Series A (GO) 5.00%, 02/15/24		1,000			1,015,211

	Par (000’s		)	Value
Texas (continued)
State of Texas, Water Infrastructure Fund, Series B-3 (GO)
5.00%, 08/01/23	$	400		$	401,696
5.00%, 08/01/24		250			256,233
Texas A&M University, Series D (RB) 5.00%, 05/15/26		820			876,882
Texas Municipal Gas Acquisition & Supply Corp. III (RB) 5.00%, 12/15/26		600			614,649
Texas Water Development Board (RB)
5.00%, 04/15/26		1,000			1,063,978
5.00%, 08/01/23		350			351,484
Texas Water Development Board, Series B (RB) 5.00%, 10/15/24		500			514,224
University of Houston, Series A (RB) 5.00%, 02/15/26		1,000			1,060,634
Ysleta Independent School District (GO) 5.00%, 08/15/25 (c)		650			681,362
					22,033,643
Utah: 0.6%
County of Utah, IHL Health Services Inc., Series B-1 (RB) 5.00%, 08/01/24 (c) (p)		1,000			1,021,226
County of Utah, IHL Health Services Inc., Series B-2 (RB) 5.00%, 08/01/24 (c) (p)		500			506,173
					1,527,399
Virginia: 2.2%
County of Fairfax, Public Improvement, Series A (GO) 4.00%, 10/01/24		285			289,008
County of Fairfax, Public Improvement, Series A (GO) (SAW) 4.00%, 10/01/23		275			275,906
Hampton Roads Transportation Accountability Commission (RB) 5.00%, 07/01/26		1,250			1,337,282
Rector And Visitors of The University Of Virginia, Series A (RB) 5.00%, 06/01/23 (c)		1,000			1,001,389
Virginia College Building Authority, 21st Century College and Equipment Programs Educational Facilities, Series C (RB)
5.00%, 02/01/27		250			271,400
5.00%, 02/01/27		600			651,359

	Par (000’s		)	Value
Virginia (continued)
Virginia Commonwealth Transportation Board (RB)
5.00%, 09/15/23	$	400		$	402,732
5.00%, 09/15/24		325			333,831
5.00%, 09/15/26 (c)		510			548,794
Wise County Industrial Development Authority, Virginia Electric and Power Co. Project, Series A (RB) (AGC) 0.75%, 09/02/25 (p)		1,000			918,191
					6,029,892
Washington: 3.0%
Central Puget Sound Regional Transit Authority, Series S-1 (RB) 5.00%, 11/01/25 (c)		1,000			1,053,265
City of Seattle, Municipal Light and Power Improvement, Series B (RB) 5.00%, 02/01/26		400			424,073
Energy Northwest Project Electric, Series A (RB) 5.00%, 07/01/25		1,000			1,046,986
Energy Northwest Project Electric, Series C (RB)
5.00%, 07/01/24		540			552,112
5.00%, 07/01/25		1,375			1,439,607
Energy Northwest, Project 3 Electric, Series A (RB) 5.00%, 07/01/27 (c)		725			795,555
State of New Mexico, Series A (GO) 5.00%, 06/01/26		1,000			1,068,665
State of Washington, Various Purpose, Series R-A (GO) 5.00%, 08/01/24		750			768,235
Washington Health Care Facilities Authority, CommonSpirit Health, Series B-1 (RB) 5.00%, 08/01/24 (c) (p)		1,000			1,009,021
					8,157,519
West Virginia: 0.4%
State of West Virginia, Surface Transportation Improvements, Series A (RB) 5.00%, 09/01/26		1,000			1,069,763
Wisconsin: 1.0%
City of Milwaukee, Series N4 (GO)
5.00%, 04/01/24		225			227,878
5.00%, 04/01/26		750			785,429
State of Wisconsin, Series 1 (RB) 5.00%, 07/01/29		500			501,428
State of Wisconsin, Series A (GO) 5.00%, 05/01/25		500			521,802

The summary of inputs used to value the Fund’s investments as of April 30, 2023 is as follows:

Note 1—Fund Organization—VanEck ETF Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended, as an open-end management investment company. The Trust was incorporated in Delaware as a statutory trust on March 15, 2001. The Trust operates as a series fund, and offers multiple investment portfolios, each of which represents a separate series of the Trust. These financial statements relate only to the investment portfolios listed in the table below (each a “Fund” and, collectively, the “Funds”).

Each Fund’s investment objective (except for HIP Sustainable and Muni Allocation) is to replicate as closely as possible, before fees and expenses, the price and yield performance of its index.

The investment objective of HIP Sustainable is to seek current income generally exempt from federal income tax, other than federal alternative minimum tax. The investment objective of Muni Allocation is to maximize long- term after-tax return, consisting of capital appreciation and income exempt from federal income tax. The Funds (except CEF Muni, HIP Sustainable and Muni Allocation) expect to use a sampling approach in seeking to achieve their objectives. Sampling means that Van Eck Associates Corporation (the “Adviser”) uses quantitative analysis to select bonds and other securities that represent a sample of securities in each Fund’s respective index in terms of key risk factors, performance attributes and other characteristics. The number of securities in each Fund will be based upon several factors, including asset size of the Fund. The Adviser generally expects each Fund to hold less than the total number of securities in its index, but reserves the right to hold as many securities as it believes necessary to achieve the Fund’s investment objective. CEF Muni seeks to achieve its objectives through a portfolio of securities in substantially the same weighting as its index. The HIP Sustainable is an actively managed exchange-traded fund that seeks to achieve its investment objectives by investing, under normal circumstances, in investment grade municipal debt securities that fund issuers with operations or projects helping to promote progress towards sustainable development, in alignment with the goals and metrics defined by the United Nations Sustainable Development Goals. The Muni Allocation is an actively managed exchange-traded fund that seeks to achieve its investment objectives by investing, under normal circumstances, primarily in VanEck ETFs that invest in publicly traded municipal bonds.

Note 2—Significant Accounting Policies— The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates.

The Funds are investment companies and follow accounting and reporting requirements of Accounting Standards Codification (“ASC”) 946 Financial Services — Investment Companies.

Note 3—Investment Management and Other Agreements— The Adviser is the investment adviser to the Funds. The Adviser receives a management fee, calculated daily and payable monthly based on an annual rate of each Fund’s average daily net assets. The Funds utilize a unitary management fee structure where the Adviser is responsible for all expenses of the Funds, excluding the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

In addition, Van Eck Securities Corporation (the “Distributor”), an affiliate of the Adviser, acts as the Funds’ distributor. Certain officers and a Trustee of the Trust are officers, directors or stockholders of the Adviser and Distributor.

Note 4—Capital Share Transactions—As of April 30, 2023, there were an unlimited number of capital shares of beneficial interest authorized by the Trust with no par value. Fund shares are not individually redeemable and are issued and redeemed at their net asset value per share only through certain authorized broker-dealers (“Authorized Participants”) in blocks of shares (“Creation Units”).

The consideration for the purchase or redemption of Creation Units of the Funds generally consists of the in-kind contribution or distribution of a designated portfolio of securities (“Deposit Securities”) plus a balancing cash component to equate the transaction to the net asset value per share of the Fund on the transaction date. Cash may also be substituted in an amount equivalent to the value of certain Deposit Securities, generally as a result of market circumstances, or when the securities are not available in sufficient quantity for delivery, or are not eligible for trading by the Authorized Participant. The Funds may issue Creation Units in advance of receipt of Deposit Securities subject to various conditions, including, for the benefit of the Funds, a requirement to maintain cash collateral on deposit at the custodian equal to at least 115% of the daily marked to market value of the missing Deposit Securities.

Authorized Participants purchasing and redeeming Creation Units may pay transaction fees directly to the transfer agent. In addition, the Funds may impose variable fees on the purchase or redemption of Creation Units for cash, or on transactions effected outside the clearing process, to defray certain transaction costs. These variable fees, if any, are reflected in share transactions in the Statements of Changes in Net Assets.

Note 5—Investments—For the year ended April 30, 2023, purchases and sales of investments (excluding short-term investments and in-kind capital share transactions) and the purchases and sales of investments resulting from in-kind capital share transactions (excluding short-term investments) were as follows:

During the year ended April 30, 2023, the High Yield, Intermediate, Long, Short High Yield and Short funds engaged in purchases and sales of investments to funds or other accounts that are managed by the Adviser (or an affiliate of the Adviser). These transactions complied with Rule 17a-7 under the Act and aggregated to approximately $2 million of sales for High Yield, $5 million of purchases and $13 million of sales for Intermediate, $5 million of sales for Long, $2 million of purchases for Short High Yield and $13 million of purchases for Short.

Note 6—Income Taxes—As of April 30, 2023, for Federal income tax purposes, the identified cost, gross unrealized appreciation, gross unrealized depreciation and net unrealized appreciation (depreciation) of investments owned were as follows:

At April 30 2023, the components of distributable earnings (loss) on a tax basis, for each Fund, we as follows:

At April 30 2023, the following Funds had capital loss carryforwards available to offset future capital gains:

During the year ended April 30, 2023, as a result of permanent book to tax differences primarily due to the tax treatment of gains/ losses from securities redeemed in-kind, the Funds incurred differences that affected total distributable earnings (loss) and aggregate paid in capital by the amounts in the table below. Net assets were not affected by these reclassifications.

The Funds recognize the tax benefits of uncertain tax positions only where the position is “more-likely-than-not” to be sustained assuming examination by applicable tax authorities. Management has analyzed the Funds’ tax positions, and has concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions taken on return filings for all open tax years.

The Funds recognize interest and penalties, if any, related to uncertain tax positions as income tax expense in the Statements of Operations. During the year ended April 30, 2023, the Funds did not incur any interest or penalties.

Note 7—Principal Risks—Investments in municipal securities or in Funds holding municipal securities involve risks, including market fluctuations caused by factors such as economic and political developments, changes in interest rates and perceived trends in security prices. The market for municipal bonds may be less liquid than for taxable bonds.

High Yield and Short High Yield invest in non-investment grade securities, often referred to as “junk bonds.” Economic downturns may disrupt the high yield market and impair the ability of issuers to repay principal and interest. These high yield securities may involve greater risks and considerations not typically associated with investing in U.S. government bonds and other high quality fixed-income securities. Also, an increase in interest rates would likely have an adverse impact on the value of such obligations. Moreover, high yield securities may be less liquid due to the extent that there is no established retail secondary market. High Yield and Short High Yield may not be able to sell bonds at desired prices and large purchases or sales of certain high-yield bond issues may cause substantial fluctuations in share price, yield and total return.

CEF Muni invests in closed-end funds and Muni Allocation invests in ETFs that may trade at a discount or premium to their net asset value. These Funds are dependent on the performance of underlying funds and are subject to the same risks of investing in municipal bonds. A closed-end fund may be leveraged as part of its investment strategy. As a result, CEF Muni may be indirectly exposed to the effects of leverage through its investment in the underlying funds. Investments in underlying funds that use leverage may cause the value of the Fund’s shares to be more volatile than if the Fund invested in underlying funds that do not utilize leverage.

The HIP Sustainable strategy of investing in municipal debt securities of issuers promoting sustainable development may limit the types and number of investments available to the Fund or cause the Fund to invest in securities that underperform the market as a whole. As a result, the Fund may underperform funds that do not have a sustainable investing strategy or funds with sustainable investing strategies that do not employ HIP (Human Impact + Profit) Ratings. In addition, the Fund relies on a data provider for the identification of issuers that promote sustainable development based on their HIP Ratings; however, there can be no guarantee that the data provider’s methodology will align with the Fund’s investment strategy or desirable issuers can be correctly identified.

A more complete description of risks is included in each Fund’s Prospectus and Statement of Additional Information.

Note 8—Trustee Deferred Compensation Plan—The Trust has a Deferred Compensation Plan (the “Plan”) for Trustees under which the Trustees can elect to defer receipt of their trustee fees until retirement, disability or termination from the Board of Trustees. The fees otherwise payable to the participating Trustees are deemed invested in shares of the Funds as directed by the Trustees.

A unitary management fee in which the Adviser is responsible for paying all the expenses of a Fund was adopted on September 1, 2010, for Intermediate, Long, Short, and High Yield Funds, and on November 1, 2019, for CEF Muni and Muni Allocation Funds. For these Funds, the liability for the Plan which is shown as “Deferred Trustee fees” in the Statements of Assets and Liabilities represents amounts accrued through these dates. Amounts accrued after these dates, including those from Short High Yield and HIP Sustainable, are presented in “Due to Adviser”.

Note 9—Bank Line of Credit—The Funds may participate in a $200 million committed credit facility (the “Facility”) to be utilized for temporary financing until the settlement of sales or purchases of portfolio securities, the repurchase or redemption of shares of the Funds at the request of the shareholders and other temporary or emergency purposes. The Funds have agreed to pay commitment fees, pro rata, based on the unused but available balance. These fees are included in custody and accounting fees in the Statements of Operations. Interest is charged to the Funds based on prevailing market rates in effect at the time of borrowings. During the year ended April 30, 2023, the following Funds borrowed under this Facility:

Outstanding loan balances as of April 30, 2023, if any, are reflected in the Statements of Assets and Liabilities.

Note 10—Other— In 2021, the Trustees approved the following changes with respect to High Yield,

Intermediate, Long, Short High Yield and Short: (i) changing each Fund’s benchmark index; (ii) changing each Fund’s investment objective; and (iii) changing each Fund’s principal investment strategies, as further detailed in the table below. These changes for each Fund have been implemented within a 9-month period in two phases. During the period from March 1, 2022 to November 30, 2022 (the “Transition”), each Fund

was seeking to replicate the index set forth under the “Transition Index” column of the table below (each, a “Transition Index”). Each Transition Index was an interim index that gradually increased exposure to other securities based on their weightings in the corresponding index set forth under the “New Index” column of the table below (each, a “New Index”) while proportionately reducing exposure to the corresponding index set forth under the “Former Index” column of the table below (each, a “Former Index”). Effective December 1, 2022, each Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of its New Index (as defined below).

Note 11—Subsequent Event— On June 8, 2023, the Trustees approved the liquidation of the Muni Allocation, which is expected to happen on or about June 29, 2023. Shareholders who continue to hold shares of the Fund on the Fund’s liquidation date will receive a liquidating distribution, if any, with a value equal to their proportionate ownership interest in the Fund on that date.

Effective June 20, 2023, the Adviser has agreed to lower the unitary management fee rate for High Yield Muni from 0.35% to 0.32%, and for Short Muni from 0.20% to 0.07%.

To the Board of Trustees of VanEck ETF Trust and Shareholders of each of the eight funds listed in the table below.

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of each of the funds indicated in the table below (eight of the funds constituting VanEck ETF Trust, hereafter collectively referred to as the “Funds”) as of April 30, 2023, the related statements of operations and of changes in net assets for the year ended April 30, 2023, including the related notes, and the financial highlights for the year ended April 30, 2023, (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of April 30, 2023, the results of each of their operations, the changes in each of their net assets and each of the financial highlights for the year ended April 30, 2023, in conformity with accounting principles generally accepted in the United States of America.

The financial statements of the Funds as of and for the year or period ended April 30, 2022, and the financial highlights for each of the periods ended on or prior to April 30, 2022 (not presented herein, other than the statements of changes in net assets and the financial highlights) were audited by other auditors whose report dated June 23, 2022, expressed an unqualified opinion on those financial statements and financial highlights.

These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of April 30, 2023, by correspondence with the custodian, transfer agent, and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

We have served as the auditor of one or more investment companies in the VanEck Funds complex since 2022.

The per share amounts of taxable vs. tax-exempt income paid by the funds during the taxable year ended April 30, 2023 are listed in the table below. The information set forth below is for each Fund’s fiscal year. Shareholders, however, must report dividends on a calendar year basis for income tax purposes, which may include dividends for portions of two fiscal years of a Fund. Accordingly, the information needed by shareholders for calendar year 2023 income tax purposes will be sent to them in early 2024.

Additionally, all of the taxable ordinary income represents Qualified Interest Income (QII) for non-resident alien shareholders.

In accordance with Rule 22e-4 (the “Liquidity Rule”) under the 1940 Act, the Funds have implemented a Liquidity Risk Management Program (the “Program”). The Program outlines certain techniques, tools and arrangements employed for the assessment and management of Fund liquidity risk, and the terms, contents and frequency of reporting of certain issues to the Board. Liquidity is managed taking account of the Funds’ investment strategy, liquidity profile, and, importantly, the fact that for many Funds, redemptions are settled primarily as in-kind redemptions. In this regard, certain of the Funds qualify as “In-Kind ETFs” under the Liquidity Rule because they meet redemptions through in-kind transfers of securities, positions and assets other than a de minimis amount of cash and publish their portfolio holdings daily. In-Kind ETFs are exempt from the Liquidity Rule’s classification and highly liquid investment minimum (“HLIM”) provisions, discussed below.

Under the Program and in accordance with the Liquidity Rule, each Fund’s liquidity risk is assessed at least annually taking into consideration certain factors enumerated in the Liquidity Rule, as applicable. The Liquidity Rule calls for considering certain such factors under both normal and reasonably foreseeable stressed market conditions.

With respect to each Fund that does not qualify under the Liquidity Rule as an “In-Kind ETF,” the Liquidity Rule and the Program require that each portfolio holding be classified into one of four liquidity classification categories. The Liquidity Rule requires that such classification determinations be made taking into account relevant market, trading and investment-specific considerations as well as market depth. The relevant Funds utilize data from a third-party vendor to assist with these determinations.

Funds that do not qualify as “In-Kind ETFs” are also required to determine and periodically review an HLIM – a minimum percentage of Fund net assets that are to be invested in Highly Liquid Investments that are assets – and adopt certain related procedures. A Highly Liquid Investment is defined as cash and any investment reasonably expected to be convertible to cash in current market conditions in three business days or less without the conversion to cash significantly changing the market value of the investment.

The Liquidity Rule provides an exemption from the HLIM requirements for Funds that “primarily” hold Highly Liquid Investments, as defined in the Program. For the period January 1, 2022 to December 31, 2022 (the “Review Period”), the Funds that were not In-Kind ETFs qualified for an exemption and therefore have not determined an HLIM or adopted the related procedures.

The Board reviewed a report (“Report”) prepared by each Fund’s Adviser regarding the operation and effectiveness of the Program for the Review Period. The Report noted that, during the Review Period, the Funds maintained a high level of liquidity and primarily held assets that are defined under the Liquidity Rule as “Highly Liquid Investments.” The Report also noted the effectiveness of the Funds’ liquidity risk management during such time. Further information on liquidity risks applicable to the Fund can be found in the Fund’s prospectus.

This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by a VanEck ETF Trust (the “Trust”) prospectus and summary prospectus, which includes more complete information. Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.

Additional information about the Trust’s Board of Trustees/Officers and a description of the policies and procedures the Trust uses to determine how to vote proxies relating to portfolio securities are provided in the Statement of Additional Information. The Statement of Additional Information and information regarding how the Trust voted proxies relating to portfolio securities during the most recent twelve month period ending June 30 is available, without charge, by calling 800.826.2333, or by visiting vaneck.com, or on the Securities and Exchange Commission’s website at http://www.sec.gov.

The Trust files its complete schedule of portfolio holdings with the Securities and Exchange Commission for the first and third quarters of each fiscal year on Form N-PORT. The Trust’s Form N-PORT filings are available on the Commission’s website at http://www.sec.gov and may be reviewed and copied at the Commission’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling 202.942.8090. The Funds’ complete schedules of portfolio holdings are also available by calling 800.826.2333 or by visiting vaneck.com.

CEF Muni Income ETF	XMPT
High Yield Muni ETF	HYD
HIP Sustainable Muni ETF	SMI
Intermediate Muni ETF	ITM
Long Muni ETF	MLN
Muni Allocation ETF	MAAX
Short High Yield Muni ETF	SHYD
Short Muni ETF	SMB

Average Annual Total Return
	Share Price			NAV			CEFMXTR¹			US00²			LBUSTRUU³
One Year		(4.11	)%		(4.53	)%		(4.12	)%		(0.57	)%		(0.43	)%
Five Year		1.23	%		1.23	%		1.65	%		1.19	%		1.18	%
Ten Year		2.04	%		2.04	%		2.42	%		1.34	%		1.32	%

¹	S-Network Municipal Bond Closed-End Fund Index^SM(CEFMXTR) is a rules based index intended to serve as a benchmark for closed-end funds listed in the U.S. that are principally engaged in asset management processes designed to produce federally tax-exempt annual yield. The Index employs a modified total net assets weighting methodology designed to provide investment exposure across the various business segments that together comprise the federally tax-exempt annual yield sector of the closed-end fund market.

²	The ICE BofA US Broad Market Index (US00) is a broad-based benchmark that measures the performance of US dollar-denominated, investment grade debt securities, including US Treasury notes and bonds, quasi-government securities, corporate securities, residential and commercial mortgage-backed securities and asset-backed securities.

	On September 1, 2022, the US00 replaced the Bloomberg US Aggregate Bond Index (LBUSTRUU) as the broad-based benchmark index. The US00 is more representative of broad US market exposure.

³	LBUSTRUU is a broad-based benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities.

Average Annual Total Return
	Share Price			NAV			MHYX¹			US00²			LBUSTRUU³
One Year		(2.47	)%		(3.11	)%		0.22	%		(0.57	)%		(0.43	)%
Five Year		0.21	%		0.15	%		2.91	%		1.19	%		1.18	%
Ten Year		1.92	%		1.84	%		3.90	%		1.34	%		1.32	%

¹	ICE Broad High Yield Crossover Municipal Index (MHYX) is comprised of lower-rated and unrated U.S. dollar denominated tax-exempt debt publicly issued in the U.S. domestic market by U.S. states and territories as well as their political subdivisions.

	From December 1, 2022 forward, the index data reflects that of the Fund’s underlying index, MHYX. Index data from March 1, 2022 to November 30, 2022 reflects that of the ICE High Yield Crossover Municipal Bond Transition Index (MXYT), an interim index that gradually increased exposure to securities based on their weightings in MHYX and proportionally reduced exposure to certain component securities of the Bloomberg Barclays Municipal Custom High Yield Composite Index (LMEHTR). Index data prior to March 1, 2022 reflects that of the LMEHTR.

²	The ICE BofA US Broad Market Index (US00) is a broad-based benchmark that measures the performance of US dollar-denominated, investment grade debt securities, including US Treasury notes and bonds, quasi-government securities, corporate securities, residential and commercial mortgage-backed securities and asset-backed securities.

	On September 1, 2022, the US00 replaced the Bloomberg US Aggregate Bond Index (LBUSTRUU) as the broad-based benchmark index. The US00 is more representative of broad US market exposure.

³	LBUSTRUU is a broad-based benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities.


President’s Letter	1
Management Discussion	3
Performance Comparison
CEF Muni Income ETF	4
High Yield Muni ETF	5
HIP Sustainable Muni ETF	6
Intermediate Muni ETF	7
Long Muni ETF	8
Muni Allocation ETF	9
Short High Yield Muni ETF	10
Short Muni ETF	11
About Fund Performance	12
Explanation of Expenses	13
Schedule of Investments
CEF Muni Income ETF	15
High Yield Muni ETF	17
HIP Sustainable Muni ETF	60
Intermediate Muni ETF	63
Long Muni ETF	95
Muni Allocation ETF	110
Short High Yield Muni ETF	112
Short Muni ETF	131
Statements of Assets and Liabilities	143
Statements of Operations	145
Statements of Changes in Net Assets	147
Financial Highlights
CEF Muni Income ETF	151
High Yield Muni ETF	152
HIP Sustainable Muni ETF	153
Intermediate Muni ETF	154
Long Muni ETF	155
Muni Allocation ETF	156
Short High Yield Muni ETF	157
Short Muni ETF	158
Notes to Financial Statements	159
Report of Independent Registered Public Accounting Firm	167
Tax Information	168
Board of Trustees and Officers	169
Funds’ Liquidity Risk Management Program	172

Average Annual Total Return
	Share Price			NAV			MUNI¹
One Year		1.62	%		1.74	%		2.60	%
Life*		(4.15	)%		(4.12	)%		(3.50	)%

*	Inception of Fund: 9/8/21; First Day of Secondary Market Trading: 9/9/21.

¹	ICE US Broad Municipal Index (MUNI) tracks the performance of US dollar denominated investment grade tax-exempt debt publicly issued by the United States and its territories, and their political subdivisions, in the US domestic market.

Average Annual Total Return
	Share Price			NAV			MBNI¹			US00²			LBUSTRUU³
One Year		3.79	%		3.59	%		3.91	%		(0.57	)%		(0.43	)%
Five Year		1.94	%		1.90	%		2.42	%		1.19	%		1.18	%
Ten Year		1.96	%		1.98	%		2.58	%		1.34	%		1.32	%

¹	ICE Intermediate AMT-Free Broad National Municipal Index (MBNI) is comprised of intermediate maturity U.S. dollar denominated investment grade tax exempt debt publicly issued in the U.S. domestic market by U.S. states and territories as well as their political subdivisions.

	From December 1, 2022 forward, the index data reflects that of the Fund’s underlying index, MBNI. Index data from March 1, 2022 to November 30, 2022 reflects the ICE Intermediate AMT-Free Broad National Municipal Transition Index (MIBT), an interim index that gradually increased exposure to securities based on their weightings in MBNI and proportionally reduced exposure to certain component securities of the Bloomberg Barclays AMT-Free Intermediate Continuous Municipal Index (LMT2TR). Index data prior to March 1, 2022 reflects that of LMT2TR.

²	The ICE BofA US Broad Market Index (US00) is a broad-based benchmark that measures the performance of US dollar-denominated, investment grade debt securities, including US Treasury notes and bonds, quasi-government securities, corporate securities, residential and commercial mortgage-backed securities and asset-backed securities.

	On September 1, 2022, the US00 replaced the Bloomberg US Aggregate Bond Index (LBUSTRUU) as the broad-based benchmark index. The US00 is more representative of broad US market exposure.

³	LBUSTRUU is a broad-based benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities.

Average Annual Total Return
	Share Price			NAV			MBNL¹			US00²			LBUSTRUU³
One Year		1.99	%		0.40	%		1.18	%		(0.57	)%		(0.43	)%
Five Year		1.13	%		0.93	%		1.88	%		1.19	%		1.18	%
Ten Year		1.95	%		1.86	%		2.78	%		1.34	%		1.32	%

¹	ICE Long AMT-Free Broad National Municipal Index (MBNL) is comprised of long maturity U.S. dollar denominated investment grade tax-exempt debt publicly issued in the U.S. domestic market by U.S. states and territories as well as their political subdivisions.

	From December 1, 2022 forward, the index data reflects that of the Fund’s underlying index, MBNL. Index data from March 1, 2022 to November 30, 2022 reflects that of the ICE Long AMT-Free Broad National Municipal Transition Index (MLBT), an interim index that gradually increased exposure to securities based on their weightings in MBNL and proportionally reduced exposure to certain component securities of the Bloomberg Barclays AMT-Free Long Continuous Municipal Index (LMT3TR). Index data prior to March 1, 2022 reflects that of LMT3TR.

²	The ICE BofA US Broad Market Index (US00) is a broad-based benchmark that measures the performance of US dollar-denominated, investment grade debt securities, including US Treasury notes and bonds, quasi-government securities, corporate securities, residential and commercial mortgage-backed securities and asset-backed securities.

	On September 1, 2022, the US00 replaced the Bloomberg US Aggregate Bond Index (LBUSTRUU) as the broad-based benchmark index. The US00 is more representative of broad US market exposure.

³	LBUSTRUU is a broad-based benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities.

*	Inception of Fund: 5/15/19; First Day of Secondary Market Trading: 5/16/19.

¹	ICE US Broad Municipal Index (MUNI) tracks the performance of US dollar denominated investment grade tax-exempt debt publicly issued by the United States and its territories, and their political subdivisions, in the US domestic market.

	On September 1, 2022, MUNI replaced the Bloomberg Municipal Bond Index (LMBITR) as the primary performance benchmark index. The MUNI is more representative of broad tax-exempt market exposure.

²	LMBITR is considered representative of the broad market for investment grade, tax-exempt municipal bonds with a maturity of at least one year.

Average Annual Total Return
	Share Price			NAV			MIHX¹			US00²			LBUSTRUU³
One Year		2.17	%		0.43	%		2.32	%		(0.57	)%		(0.43	)%
Five Year		1.47	%		1.29	%		3.31	%		1.19	%		1.18	%
Life*		1.87	%		1.78	%		3.63	%		1.69	%		1.65	%

^*	Inception of Fund: 1/13/14; First Day of Secondary Market Trading: 1/14/14.

¹	ICE 1-12 Year Broad High Yield Crossover Municipal Index (MIHX) is comprised of lower-rated and unrated U.S. dollar denominated tax-exempt debt publicly issued in the U.S. domestic market by U.S. states and territories as well as their political subdivisions.

	From December 1, 2022 forward, the index data reflects that of the Fund’s underlying index, MIHX. Index data from March 1, 2022 to November 30, 2022 reflects that of the ICE 1-12 Year Broad High Yield Crossover Municipal Bond Transition Index (MXIT), an interim index that gradually increased exposure to securities based on their weightings in MIHX and proportionally reduced exposure to certain component securities of the Bloomberg Barclays Municipal High Yield Short Duration Index (BMHYTR). Index data prior to March 1, 2022 reflects that of the BMHYTR.

²	The ICE BofA US Broad Market Index (US00) is a broad-based benchmark that measures the performance of US dollar-denominated, investment grade debt securities, including US Treasury notes and bonds, quasi-government securities, corporate securities, residential and commercial mortgage-backed securities and asset-backed securities.

	On September 1, 2022, the US00 replaced the Bloomberg US Aggregate Bond Index (LBUSTRUU) as the broad-based benchmark index. The US00 is more representative of broad US market exposure.

³	LBUSTRUU is a broad-based benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities.


	800.826.2333	vaneck.com

Average Annual Total Return
	Share Price			NAV			MBNS¹			US00²			LBUSTRUU³
One Year		1.71	%		1.82	%		2.14	%		(0.57	)%		(0.43	)%
Five Year		1.21	%		1.18	%		1.45	%		1.19	%		1.18	%
Ten Year		0.77	%		0.84	%		1.25	%		1.34	%		1.32	%

¹	ICE Short AMT-Free Broad National Municipal Index (MBNS) is comprised of short maturity U.S. dollar denominated investment grade tax exempt debt publicly issued in the U.S. domestic market by U.S. states and territories as well as their political subdivisions.

	From December 1, 2022 forward, the index data reflects that of the Fund’s underlying index, MBNS. Index data from March 1, 2022 to November 30, 2022 reflects the ICE Short AMT-Free Broad National Municipal Transition Index (MSBT), an interim index that gradually increased exposure to securities based on their weightings in MBNS and proportionally reduced exposure to certain component securities of the Bloomberg Barclays AMT-Free Short Continuous Municipal Index (LMT1TR). Index data prior to March 1, 2022 reflects that of LMT1TR.

²	The ICE BofA US Broad Market Index (US00) is a broad-based benchmark that measures the performance of US dollar-denominated, investment grade debt securities, including US Treasury notes and bonds, quasi-government securities, corporate securities, residential and commercial mortgage-backed securities and asset-backed securities.

	On September 1, 2022, the US00 replaced the Bloomberg US Aggregate Bond Index (LBUSTRUU) as the broad-based benchmark index. The US00 is more representative of broad US market exposure.

³	LBUSTRUU is a broad-based benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities.

	Beginning Account Value November 1, 2022	Ending Account Value April 30, 2023	Annualized Expense Ratio During Period	Expenses Paid During the Period November 1, 2022 - April 30, 2023(a)
CEF Muni Income ETF
Actual	$1,000.00	$1,102.50	0.41%	$2.14
Hypothetical (b)	$1,000.00	$1,022.76	0.41%	$2.06
High Yield Muni ETF
Actual	$1,000.00	$1,070.10	0.35%	$1.80
Hypothetical (b)	$1,000.00	$1,023.06	0.35%	$1.76
HIP Sustainable Muni ETF
Actual	$1,000.00	$1,065.80	0.24%	$1.23
Hypothetical (b)	$1,000.00	$1,023.60	0.24%	$1.20
Intermediate Muni ETF
Actual	$1,000.00	$1,075.90	0.24%	$1.24
Hypothetical (b)	$1,000.00	$1,023.60	0.24%	$1.20
Long Muni ETF
Actual	$1,000.00	$1,109.80	0.24%	$1.26
Hypothetical (b)	$1,000.00	$1,023.60	0.24%	$1.20
Muni Allocation ETF
Actual	$1,000.00	$1,073.50	0.08%	$0.41
Hypothetical (b)	$1,000.00	$1,024.40	0.08%	$0.40
Short High Yield Muni ETF
Actual	$1,000.00	$1,045.40	0.35%	$1.78
Hypothetical (b)	$1,000.00	$1,023.06	0.35%	$1.76

^(a)	Expenses are equal to the Fund’s annualized expense ratio (for the six months ended April 30, 2023), multiplied by the average account value over the period, multiplied by the number of days in the most recent fiscal half year divided by the number of the days in the fiscal year (to reflect the one-half year period).
^(b)	Assumes annual return of 5% before expenses

	Number of Shares		Value
Pioneer Municipal High Income Advantage Fund, Inc.		182,479	$	1,476,255
Pioneer Municipal High Income Fund Trust		174,104		1,528,633
Pioneer Municipal High Income Opportunities Fund, Inc.		126,553		1,351,586
Putnam Managed Municipal Income Trust		181,915		1,100,586
Putnam Municipal Opportunities Trust		126,330		1,299,936
Western Asset Managed Municipals Fund, Inc.		325,313		3,292,168
Total Closed-End Funds: 99.9% (Cost: $248,479,329)				204,130,828
Other assets less liabilities: 0.1%				269,452
NET ASSETS: 100.0%			$	204,400,280

Summary of Investments by Sector		% of Investments				Value
Financials			100.0	%		$	204,130,828

		Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs				Value
Closed-End Funds		$	204,130,828			$	—			$	—			$	204,130,828

	Par (000’s		)	Value
Wyoming: 0.1%
County of Campbell, Wyoming Solid Waste Facilities, Series A (RB) (SBG) 3.62%, 05/15/29 (c)	$	3,000		$	2,629,481
Total Municipal Bonds: 98.0% (Cost: $3,009,793,329)					2,743,760,241
Other assets less liabilities: 2.0%					56,605,243
NET ASSETS: 100.0%				$	2,800,365,484

ACA	Credit Agricole SA
AGC	Assured Guaranty Corp.
AGM	Assured Guaranty Municipal Corp.
AMBAC	American Municipal Bond Assurance Corp.
BAM	Build America Assurance Co.
CP	Certificate of Participation
GO	General Obligation
NATL	National Public Finance Guarantee Corp.
RB	Revenue Bond
SA	Special Assessment
SAW	State Aid Withholding
SBG	School Board Guaranteed
SD CRED PROG	Special District Credit Enhancement Program
ST	Special Tax
TA	Tax Allocation
XLCA	Syncora Guarantee, Inc.

(c)	Callable Security — the redemption date shown is when the security may be redeemed by the issuer
(d)	Security in default
(p)	Putable Security — the redemption date shown is when the security may be redeemed by the investor
*	Non-income producing
^	Zero Coupon Bond

	% of
Summary of Investments by Sector	Investments			Value
State GO		18.3	%	$	328,662,297
Local GO		15.6			280,036,378
Tax		14.5			260,213,989
Water & Sewer		7.9			141,956,815
Hospitals		6.6			118,657,362
Transportation		6.2			111,245,759
Toll & Turnpike		5.8			104,924,633
Education		5.6			99,751,845
Power		4.9			87,657,958
Leasing COPS & Appropriations		4.4			78,718,467
Utilities		3.2			56,942,534
Airport		2.1			38,150,774
Miscellaneous		1.4			25,809,047
Multi-Family Housing		1.1			19,088,296
Single Family Housing		0.7			12,992,014
Industrial Development Revenue		0.6			11,502,848
Tobacco		0.6			10,419,488
Pollution Control		0.3			5,636,673
Health		0.2			3,607,217
		100.0	%	$	1,795,974,394

	Number of Shares		Value
CLOSED-END FUNDS: 12.2% (a)
BlackRock MuniYield Quality Fund III, Inc.		1,882	$	20,928
BNY Mellon Municipal Income, Inc.		3,056		19,253
DWS Municipal Income Trust		4,509		39,183
Eaton Vance New York Municipal Bond Fund		2,238		21,664
MFS High Yield Municipal Trust		6,033		19,245
MFS Investment Grade Municipal Trust		2,806		20,652
MFS Municipal Income Trust		3,849		20,092
Neuberger Berman California Municipal Fund, Inc.		1,951		21,402
Nuveen Municipal Credit Income Fund		1,814		21,169
Nuveen New Jersey Quality Municipal Income Fund		1,739		20,190
Nuveen Pennsylvania Quality Municipal Income Fund		1,776		20,140
Pioneer Municipal High Income Fund Trust		2,172		19,070

(a)	Each underlying fund’s shareholder reports and registration documents are available free of charge on the SEC’s website at https:// www.sec.gov.
‡	Affiliated issuer – as defined under the Investment Company Act of 1940.

													Net Change in
													Unrealized
	Value				Sales			Realized Gain			Dividend		Appreciation			Value
	4/30/2022		Purchases		Proceeds			(Loss)			Income		(Depreciation)			4/30/2023
VanEck CEF Muni Income ETF	$	—	$	100,242	$	(4,412	)	$	(499	)	$	1,764	$	(5,159	)	$	90,172
VanEck High Yield Muni ETF		939,816		280,311		(485,833	)		(32,072	)		26,955		(12,967	)		689,255
VanEck Intermediate Muni ETF		1,295,527		139,321		(760,846	)		(56,331	)		19,221		71,217			688,888
VanEck Long Muni ETF		176,436		877,641		(597,780	)		(52,081	)		7,263		25,768			429,984
VanEck Short High Yield Muni ETF		194,314		—		(67,882	)		(2,990	)		3,902		1,521			124,963
VanEck Short Muni ETF		570,318		509,022		(1,086,877	)		(7,699	)		3,572		15,236			—
	$	3,176,411	$	1,906,537	$	(3,003,630	)	$	(151,672	)	$	62,677	$	95,616		$	2,023,262

			Level 2		Level 3
	Level 1		Significant		Significant
	Quoted		Observable		Unobservable
	Prices		Inputs		Inputs		Value
Closed-End Funds	$	283,643	$	—	$	—	$	283,643
Exchange Traded Funds		2,023,262		—		—		2,023,262
Total Investments	$	2,306,905	$	—	$	—	$	2,306,905

	Par (000’s		)	Value
Wisconsin (continued)
Public Finance Authority, Waste Management, Inc. Project, Series A-1 (RB) 2.62%, 11/01/25	$	1,050		$	1,012,143
					4,985,930
Total Municipal Bonds: 98.5% (Cost: $425,057,148)					391,763,270
Other assets less liabilities: 1.5%					5,846,801
NET ASSETS: 100.0%				$	397,610,071

	CEF Muni Income ETF			High Yield Muni ETF			HIP Sustainable Muni ETF			Intermediate Muni ETF
Assets:
Investments, at value
Unaffiliated issuers (1)	$	204,130,828		$	2,743,760,241		$	17,889,717		$	1,795,974,394
Cash		415			19,269,881			175,508			7,811,586
Receivables:
Investment securities sold		534,505			763,056			—			—
Shares of beneficial interest sold		534,481			—			—			—
Dividends and interest		541,035			43,434,745			267,403			22,481,495
Total assets		205,741,264			2,807,227,923			18,332,628			1,826,267,475
Liabilities:
Payables:
Investment securities purchased		534,505			6,037,216			—			4,335,140
Shares of beneficial interest redeemed		534,481			—			—			—
Line of credit		198,947			—			—			—
Due to Adviser		67,025			822,039			3,633			362,416
Deferred Trustee fees		4,195			3,184			—			3,000
Accrued expenses		1,831			—			—			—
Total liabilities		1,340,984			6,862,439			3,633			4,700,556
NET ASSETS	$	204,400,280		$	2,800,365,484		$	18,328,995		$	1,821,566,919
Shares outstanding		9,525,000			54,446,401			400,000			39,298,916
Net asset value, redemption and offering price per share	$	21.46		$	51.43		$	45.82		$	46.35
Net Assets consist of:
Aggregate paid in capital	$	264,321,732		$	3,175,458,412		$	19,518,631		$	1,908,065,431
Total distributable earnings (loss)		(59,921,452	)		(375,092,928	)		(1,189,636	)		(86,498,512	)
NET ASSETS	$	204,400,280		$	2,800,365,484		$	18,328,995		$	1,821,566,919
(1) Cost of investments - Unaffiliated issuers	$	248,479,329		$	3,009,793,329		$	19,018,407		$	1,864,845,781

	Long Muni ETF			Muni Allocation ETF			Short High Yield Muni ETF			Short Muni ETF
Assets:
Investments, at value
Unaffiliated issuers (1)	$	308,409,942		$	283,643		$	391,763,270		$	264,754,123
Affiliated issuers (2)		—			2,023,262			—			—
Cash		5,605,568			830			11,667			342,944
Receivables:
Investment securities sold		742,802			—			17,968			—
Dividends and interest		3,949,705			614			5,933,181			3,531,027
Total assets		318,708,017			2,308,349			397,726,086			268,628,094
Liabilities:
Payables:
Investment securities purchased		5,170,166			—			—			—
Due to Adviser		61,254			152			116,015			44,504
Deferred Trustee fees		1,517			—			—			1,600
Total liabilities		5,232,937			152			116,015			46,104
NET ASSETS	$	313,475,080		$	2,308,197		$	397,610,071		$	268,581,990
Shares outstanding		17,500,000			110,000			17,800,000			15,850,000
Net asset value, redemption and offering price per share	$	17.91		$	20.98		$	22.34		$	16.95
Net Assets consist of:
Aggregate paid in capital	$	343,521,044		$	3,375,140		$	443,519,863		$	278,611,151
Total distributable earnings (loss)		(30,045,964	)		(1,066,943	)		(45,909,792	)		(10,029,161	)
NET ASSETS	$	313,475,080		$	2,308,197		$	397,610,071		$	268,581,990
(1) Cost of investments - Unaffiliated issuers	$	326,087,728		$	383,258		$	425,057,148		$	272,437,279
(2) Cost of investments - Affiliated issuers	$	—		$	2,176,525		$	—		$	—

	CEF Muni Income ETF						High Yield Muni ETF
	Year Ended April 30, 2023			Year Ended April 30, 2022			Year Ended April 30, 2023			Year Ended April 30, 2022
Operations:
Net investment income	$	7,054,402		$	8,141,777		$	115,767,853		$	122,609,689
Net realized gain (loss)		(10,058,432	)		6,852,427			(223,053,505	)		(21,991,122	)
Net change in unrealized appreciation (depreciation)		(4,228,703	)		(50,282,573	)		23,487,727			(393,264,600	)
Net decrease in net assets resulting from operations		(7,232,733	)		(35,288,369	)		(83,797,925	)		(292,646,033	)
Distributions to shareholders from:
Distributable earnings		(7,307,370	)		(7,955,563	)		(116,558,558	)		(124,522,449	)

*Share transactions:**
Proceeds from sale of shares		108,726,605			157,298,802			1,884,282,300			985,416,843
Cost of shares redeemed		(59,193,418	)		(121,225,806	)		(1,901,509,192	)		(1,011,621,866	)
Increase (decrease) in net assets resulting from share transactions		49,533,187			36,072,996			(17,226,892	)		(26,205,023	)
Total increase (decrease) in net assets		34,993,084			(7,170,936	)		(217,583,375	)		(443,373,505	)
Net Assets, beginning of year		169,407,196			176,578,132			3,017,948,859			3,461,322,364
Net Assets, end of year	$	204,400,280		$	169,407,196		$	2,800,365,484		$	3,017,948,859
*Shares of Common Stock Issued (no par value)
Shares sold		4,975,000			5,375,000			36,250,000			15,900,000
Shares redeemed		(2,650,000	)		(4,250,000	)		(36,500,000	)		(16,600,000	)
Net increase (decrease)		2,325,000			1,125,000			(250,000	)		(700,000	)

	HIP Sustainable Muni ETF						Intermediate Muni ETF
	Year Ended April 30, 2023			Period Ended April 30, 2022 (a)			Year Ended April 30, 2023			Year Ended April 30, 2022
Operations:
Net investment income	$	270,801		$	29,000		$	37,766,412		$	30,794,618
Net realized gain (loss)		(50,609	)		(3,603	)		(41,185,667	)		13,113,951
Net change in unrealized appreciation (depreciation)		152,910			(1,281,600	)		74,928,897			(232,378,068	)
Net increase (decrease) in net assets resulting from operations		373,102			(1,256,203	)		71,509,642			(188,469,499	)
Distributions to shareholders from:
Distributable earnings		(244,845	)		(61,690	)		(37,452,413	)		(31,094,619	)

*Share transactions:**
Proceeds from sale of shares		4,502,190			15,016,441			529,630,220			471,684,955
Cost of shares redeemed		—			—			(437,272,087	)		(358,316,244	)
Increase in net assets resulting from share transactions		4,502,190			15,016,441			92,358,133			113,368,711
Total increase (decrease) in net assets		4,630,447			13,698,548			126,415,362			(106,195,407	)
Net Assets, beginning of period		13,698,548			—			1,695,151,557			1,801,346,964
Net Assets, end of period	$	18,328,995		$	13,698,548		$	1,821,566,919		$	1,695,151,557
*Shares of Common Stock Issued (no par value)
Shares sold		100,000			300,000			11,650,000			9,250,000
Shares redeemed		—			—			(9,450,000	)		(7,050,000	)
Net increase		100,000			300,000			2,200,000			2,200,000