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, 2022.

At the start of the year, we believed three themes¹would shape the investment world in 2022: sell growth, buy commodity equities and the Fed tightening will hurt—not crash—the markets. I discussed these themes in an October talk²While these thoughts seemed obvious, I had forgotten how much damage could be done to investment grade bonds and how far growth stocks could fall. This sell-off, while painful, has been orderly. But the market adjustments are probably not over, so we like to focus on the longer term trends of resource transition and blockchain disruption as the markets adjust to higher interest rates and higher commodity prices.

The global economy remains “hot”, fueled by the biggest stimulus seen since WWII. While commodity price inflation matters, the real concern about inflation and financial markets is wage inflation, a key driver of persistent inflation. It tends to be longer-lasting and may affect long-term interest rates. I believe that the tight labor conditions we have today will persist, even as the economy slows down, and we won’t really know the answer to the inflation-persistency question until the second half of 2022.

While China has been a large driver of global growth over the past 20 years, its economy has slowed. The jury remains out on just how long China’s slow-down may last and its depth. The question, then, is Will Chinese policymakers stimulate the economy if growth slows too much? And, if they do, will they stimulate enough to keep being a driver of global growth.

Turning to the Fed, the question revolves around its possible actions. Short term, markets do not like Fed uncertainty and may continue to correct. However, I do not think the Fed will hit the brakes too hard by raising rates further than they have already indicated. If market seizes up, though, we may see positive Fed statements and a relief rally. We live in an era in which the Fed keeps an eye on the financial markets. We still see little reason why that would change.

Energy and crypto were two of the best performing assets in 2021 and are two of the most interesting multi-year investment themes.

The first theme is the energy transition away from fossil fuels. We see this not only as being driven by government policy, but also by innovation in the private sector. In our resources portfolios, we’re looking for disruptive companies in the sectors that need to be more energy efficient. One is agriculture (which emits about as much CO2 as the energy sector). AgTech businesses are embracing technology to modernize agriculture, leading to higher crop yields, safer crop chemicals and other innovations in food production to provide healthy diets for the world’s growing population.

As the economy and demand for commodities grows, increasing supply has become harder. This is in part due to environmental, social and governance (ESG) policies in place, causing “greenflation” and a multi-year trend of price pressure. Finding supply sources like new copper, lithium or gold mines is harder because of, to a certain extent, the environmental impact of these activities. I think this supply issue will continue to underpin commodity prices, and this is why I believe that commodity equities remain an interesting investment that people should have in their portfolios.

The second theme is crypto, in particular, the use of blockchain in a large variety of industries and most especially in the field of “smart contracts.” New open source database technology is enabling incredibly rapid adoption and at much lower cost than traditional companies using prior generation technology. The fintech revolution that goes hand in hand with crypto is something we find really exciting. Of course, as with all growth, there are some over-valued companies, but we think it’s another interesting multi-year trend that investors should consider.

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, 2022. 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, as it certainly did in 2021. To get our quarterly investment outlooks, please subscribe to “VanEck News & Insights”. Should you have any questions regarding fund performance, please contact us at 800.826.2333 or visit our website.

¹VanEck: 2022 Outlook Q&A: Crypto, Inflation and Energy Transition, December 31, 2021, https://www.vaneck.com/us/en/blogs/investment-outlook/2022-outlook-qa-crypto-inflation-and-energy-transition/

²Capital Link Inc.: 2021 Capital Link’s 20th Annual CEF & Global ETFs Forum - Keynote Address - Jan van Eck, October 6, 2021, https://www.youtube.com/watch?v=HQxm6B7umNA

The CEF Muni Income ETF lost 15.82% over the prior 12 months due both to widening 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. Starting the fund’s fiscal year at a discount of 2.49% on May 3, 2021, this then narrowed and “flipped” to become a premium and reach a high of 0.94% on August 27, 2021. Thereafter, having remained at a premium for most of the month, from September 23, the premium became a discount and started to widen in fits and starts, before widening significantly from early-January, to 5.86% on January 24, 2022. Then, fluctuating wildly, the discount continued to widen, hitting a high on April 18 of 8.60% and ending the 12 month period at 6.64%.

In the High Yield Muni ETF, the industrial revenue, healthcare and housing sectors contributed the most to the fund’s loss of 8.62%. In terms of state/U.S. territory, the three states detracting the most from performance were California, Illinois and New York. A single state/U.S. territory, the Virgin Islands, contributed positively to performance.

The industrial revenue, healthcare and special tax sectors were the largest contributors to the 6.58% loss recorded by the Short High Yield Muni ETF. A single state/U.S. territory, the Virgin Islands, contributed positively to performance. Grouped by state/U.S. territory, Illinois, New York and New Jersey were the greatest detractors from the fund’s performance.

The HIP Sustainable Muni ETF commenced on September 8, 2021 and had, therefore, not traded for a full 12 months by April 30, 2022. However, in the period in which it did trade before its fiscal year end, the fund was down 8.26%.

In terms of state/U.S. territory, municipal bonds from California, New York and Texas contributed the most to the fund’s negative total return of 9.99%. Kansas was the only state or U.S. territory to contribute positively to the fund’s total return. California, New York and Texas detracted the most. The state, local and transportation sectors detracted the most from the fund’s performance.

The healthcare, local and special tax sectors contributed most to the fund’s loss of 13.26% for the 12 month period. No one sector contributed positively to performance. In terms of state/U.S. territory, municipal bonds issued by New York, California and Texas detracted the most from performance. Not one state or U.S. territory made any significant positive contribution to performance.

The Muni Allocation ETF returned -11.03% over the 12 month period versus -7.88% for the Bloomberg Barclays Municipal Bond Index. The largest detractors from the fund’s performance were intermediate-term investment grade bonds, followed by high yield bonds. Those bonds detracting least from performance were short-term investment grade bonds and long-term investment grade bonds.

The fund introduced individual closed-end funds to the portfolio in June 2021 due to the attractive yields that this segment of the municipal bond universe offers. The fund started to get more defensive in October 2021, as interest rate risk started to rise and put downward pressure on bonds with longer duration. Since then, interest rates have moved significantly. The yield on the U.S 10-year Treasury note increased from 1.46% at the beginning of October 2021 to 2.93% on April 30, 2022. The doubling of this key benchmark rate, in reaction to the extremely high inflation in the U.S., has put significant downward pressure on fixed income investments.

Among short municipal bonds, the state, industrial revenue and local sectors detracted most from the return of the fund, which overall lost 5.27% for the year. No one sector contributed positively to performance. In terms of state/U.S. territory, no one state contributed positively to the total return of the fund. The three states to detract the most from performance were California, New York and Texas.

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. 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.

CEFMX is published by S-Network Global Indexes, LLC (“S-Network”). MXYT, MIBT, MLBT, MXIT and MSBT 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, 2021, to April 30, 2022.

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: 99.8% (a)
Alliance Bernstein National Municipal Income Fund, Inc.		145,062	$	1,687,071
Blackrock Investment Quality Municipal Trust, Inc.		49,040		742,466
BlackRock Long-Term Municipal Advantage Trust		46,330		483,222
BlackRock MuniAssets Fund, Inc.		149,813		1,782,775
BlackRock Municipal 2030 Target Term Trust		272,037		6,041,942
BlackRock Municipal Income Fund, Inc.		399,682		4,900,101
BlackRock Municipal Income Quality Trust		131,683		1,609,166
BlackRock Municipal Income Trust		157,659		1,843,034
BlackRock Municipal Income Trust II		201,661		2,290,869
BlackRock MuniHoldings Fund, Inc.		270,300		3,478,761
BlackRock MuniHoldings Quality Fund II, Inc.		113,357		1,235,591
BlackRock MuniVest Fund II, Inc.		86,639		1,030,138
BlackRock MuniVest Fund, Inc.		328,701		2,517,850
BlackRock MuniYield Fund, Inc.		261,184		2,985,333
BlackRock MuniYield Quality Fund II, Inc.		111,954		1,240,450
BlackRock MuniYield Quality Fund III, Inc.		378,111		4,465,491
BlackRock MuniYield Quality Fund, Inc.		364,882		4,670,490
BNY Mellon Municipal Bond Infrastructure Fund, Inc.		90,550		1,049,475
BNY Mellon Municipal Income, Inc.		117,528		830,923
BNY Mellon Strategic Municipal Bond Fund, Inc.		245,256		1,633,405
BNY Mellon Strategic Municipals, Inc.		315,815		2,207,547
DWS Municipal Income Trust		218,468		2,112,586
Eaton Vance Municipal Bond Fund		369,211		3,972,710
Eaton Vance Municipal Income 2028 Term Trust		36,704		766,012
Eaton Vance Municipal Income Trust		194,873		2,194,270

	Number of Shares		Value
Eaton Vance National Municipal Opportunities Trust		62,640	$	1,125,641
Invesco Advantage Municipal Income Trust II		174,988		1,641,387
Invesco Municipal Income Opportunities Trust		177,428		1,130,216
Invesco Municipal Opportunity Trust		342,709		3,574,455
Invesco Municipal Trust		282,508		2,943,733
Invesco Quality Municipal Income Trust		268,399		2,780,614
Invesco Trust for Investment Grade Municipals		275,972		2,994,296
Invesco Value Municipal Income Trust		189,908		2,453,611
MainStay MacKay DefinedTerm Municipal Opportunities Fund		93,482		1,701,372
MFS High Income Municipal Trust		176,302		698,156
MFS Municipal Income Trust		230,333		1,276,045
Neuberger Berman Municipal Fund, Inc.		63,238		756,959
Nuveen AMT-Free Municipal Credit Income Fund		842,010		11,602,898
Nuveen AMT-Free Municipal Value Fund		87,817		1,264,565
Nuveen AMT-Free Quality Municipal Income Fund		1,102,643		13,738,932
Nuveen Dynamic Municipal Opportunities Fund		208,665		2,393,388
Nuveen Enhanced Municipal Value Fund		125,211		1,502,532
Nuveen Intermediate Duration Municipal Term Fund		181,480		2,400,980
Nuveen Intermediate Duration Quality Municipal Term Fund		50,386		650,987
Nuveen Municipal Credit Income Fund		569,323		7,515,064
Nuveen Municipal Credit Opportunities Fund		210,080		2,668,016
Nuveen Municipal High Income Opportunity Fund		333,211		4,071,838
Nuveen Municipal Value Fund, Inc.		1,006,343		9,248,292

	Number of Shares		Value
Nuveen Quality Municipal Income Fund		1,063,308	$	13,610,342
Nuveen Select Tax-Free Income Portfolio		226,838		3,107,681
PIMCO Municipal Income Fund		72,172		797,501
PIMCO Municipal Income Fund II		175,456		1,901,943
PIMCO Municipal Income Fund III		93,661		858,871
Pioneer Municipal High Income Advantage Fund, Inc.		133,672		1,196,364
Pioneer Municipal High Income Fund Trust		129,386		1,238,224
Pioneer Municipal High Income Opportunities Fund, Inc.		98,948		1,247,734
Putnam Managed Municipal Income Trust		194,344		1,251,575
Putnam Municipal Opportunities Trust		136,333		1,457,400
RiverNorth Flexible Municipal Income Fund II, Inc.		124,302		1,864,530
Western Asset Managed Municipals Fund, Inc.		242,189		2,688,298
Total Closed-End Funds: 99.8% (Cost: $209,245,916)				169,126,118
Other assets less liabilities: 0.2%				281,078
NET ASSETS: 100.0%			$	169,407,196

The summary of inputs used to value the Fund’s investments as of April 30, 2022 is as follows:

	Par (000’s		)	Value
MUNICIPAL BONDS: 98.0%
Alabama: 1.7%
Alabama Special Care Facilities Financing Authority, Methodist Home for Aging (RB)
5.25%, 06/01/25	$	410		$	411,121
5.75%, 06/01/26 (c)		2,000			1,967,281
5.75%, 06/01/26 (c)		1,400			1,401,937
6.00%, 06/01/26 (c)		5,900			5,910,476
Hoover Industrial Development Board, United States Steel Corp. Project (RB) 6.38%, 11/01/30 (p)		1,500			1,717,232
Jefferson County, Sewer Revenue, Series D (RB)
6.00%, 10/01/23 (c)		10,000			10,969,015
6.50%, 10/01/23 (c)		9,000			9,927,623
Jefferson County, Sewer Revenue, Series E (RB)
0.00%, 10/01/23 (c) ^		60			23,715
0.00%, 10/01/23 (c) ^		100			46,579
Tuscaloosa County Industrial Development Authority, Hunt Refining Project, Series A (RB)
4.50%, 05/01/29 (c)		11,148			10,730,660
5.25%, 05/01/29 (c)		7,000			6,919,014
					50,024,653
Alaska: 0.1%
Northern Tobacco Securitization Corp., Series A (RB) 4.00%, 06/01/31 (c)		1,000			928,235
Northern Tobacco Securitization Corp., Series B-1 (RB) 4.00%, 06/01/31 (c)		1,000			910,316
Northern Tobacco Securitization Corp., Series B-2 (RB) 0.00%, 06/01/31 (c) ^		3,000			366,029
					2,204,580
American Samoa: 0.1%
American Samoa Economic Development Authority, Series A (RB)
5.00%, 09/01/31 (c)		2,750			2,992,217
6.50%, 09/01/28		250			280,859
6.62%, 09/01/25 (c)		1,000			1,091,537
					4,364,613
Arizona: 2.2%
Arizona Industrial Development Authority Education Facility, Leman Academy of Excellence Projects, Series A (RB) 4.50%, 07/01/29 (c)		1,000			923,349

	Par (000’s		)	Value
Arizona (continued)
Arizona Industrial Development Authority, Academies of Math and Science, Series B (RB) 5.00%, 01/01/27 (c)	$	200		$	207,298
Arizona Industrial Development Authority, American Charter School Foundation Project (RB)
6.00%, 07/01/27 (c)		2,940			3,183,596
6.00%, 07/01/27 (c)		1,320			1,445,793
Arizona Industrial Development Authority, Basis School Project, Series A (RB)
5.12%, 07/01/26 (c)		250			259,504
5.25%, 07/01/26 (c)		500			516,353
Arizona Industrial Development Authority, Basis School Project, Series D (RB)
5.00%, 07/01/27 (c)		515			525,997
5.00%, 07/01/27 (c)		270			276,390
Arizona Industrial Development Authority, Basis School Project, Series G (RB) (AGM) 5.00%, 07/01/27 (c)		500			511,833
Arizona Industrial Development Authority, Doral Academy - Fire Mesa and Red Rock Campus, Series A (RB)
5.00%, 07/15/27 (c)		400			410,647
5.00%, 07/15/27 (c)		300			304,919
Arizona Industrial Development Authority, Education Facility, Series A (RB)
5.25%, 07/01/23 (c)		1,050			1,100,122
5.50%, 07/01/23 (c)		2,100			2,186,793
Arizona Industrial Development Authority, Kaizen Education Project (RB) 5.70%, 07/01/26 (c)		1,000			1,062,149
Arizona Industrial Development Authority, Legacy Cares, Inc. Project, Series A (RB) (AGM)
6.62%, 07/01/27		1,000			1,058,132
7.75%, 07/01/27 (c)		2,000			2,208,672
Arizona Industrial Development Authority, Legacy Cares, Inc. Project, Series C (RB) (AGM) 6.75%, 07/01/27 (c)		4,000			4,293,563
Arizona Industrial Development Authority, Leman Academy of Excellence - East Tucson and Central Tucson Projects, Series A (RB) 4.00%, 07/01/24 (c)		500			488,405
Arizona Industrial Development Authority, Pinecrest Academy of Nevada-Cadence Campus Project, Series A (RB) 4.00%, 07/15/28 (c)		445			403,096

	Par (000’s		)	Value
Arizona (continued)
Arizona Industrial Development Authority, Pinecrest Academy of Northern Nevada Project, Series A (RB) 4.50%, 07/15/25 (c)	$	500		$	487,955
Arizona Industrial Development Authority, Somerset Academy of Las Vegas, Series A (RB) 4.00%, 12/15/29 (c)		600			511,883
Glendale Industrial Development Authority, Beatitudes Campus Project (RB) 4.00%, 11/15/24 (c)		250			246,580
Glendale Industrial Development Authority, Glencroft Retirement Community Project (RB)
5.00%, 11/15/26 (c)		600			496,410
5.25%, 11/15/26 (c)		700			542,504
Industrial Development Authority of the City of Phoenix, Basis Schools, Inc. Project, Series A (RB)
4.00%, 07/01/25		400			402,751
5.00%, 07/01/25 (c)		900			923,201
5.00%, 07/01/25 (c)		1,000			1,018,355
5.00%, 07/01/25 (c)		500			509,325
Industrial Development Authority of the City of Phoenix, Downtown Student Housing, Series A (RB) 5.00%, 07/01/28 (c)		750			795,180
Industrial Development Authority of the City of Phoenix, Legacy Traditional School Project (RB) 5.00%, 07/01/25 (c)		675			689,389
Industrial Development Authority of the City of Phoenix, Legacy Traditional School Project, Series A (RB) 5.00%, 07/01/26 (c)		750			775,831
Industrial Development Authority of the City of Phoenix, Oro Valley Project, Series A (RB) 5.25%, 07/01/22 (c)		1,000			1,016,358
Maricopa County Arizona Industrial Development Authority, Commercial Metals Company Project (RB) 4.00%, 01/01/26 (c)		3,830			3,498,098
Maricopa County Industrial Development Authority, Benjamin Franklin Charter School Projects, Series A (RB) 6.00%, 07/01/28 (c)		1,000			1,089,397

	Par (000’s		)	Value
Arizona (continued)
Maricopa County Industrial Development Authority, Legacy Traditional Schools Projects, Series A (RB) (SD CRED PROG)
5.00%, 07/01/29 (c)	$	1,400		$	1,499,849
5.00%, 07/01/29 (c)		1,300			1,397,161
Maricopa County Industrial Development Authority, Legacy Traditional Schools Projects, Series B (RB)
5.00%, 07/01/29 (c)		500			511,136
5.00%, 07/01/29 (c)		500			509,609
5.00%, 07/01/29 (c)		500			518,539
Maricopa County Industrial Development Authority, Paradise School Project (RB) 5.00%, 07/01/26 (c)		1,750			1,794,088
Peoria Industrial Development Authority, Sierra Winds Life Care Community Project, Series A (RB) 5.00%, 11/15/24		255			249,374
Pima County Industrial Development Authority, American Leadership Academy Project (RB)
4.12%, 06/15/22 (c)		1,250			1,253,981
4.75%, 06/15/22 (c)		2,000			2,007,817
5.00%, 06/15/22 (c)		2,000			2,008,397
5.62%, 06/15/25 (c)		1,250			1,285,276
Pima County Industrial Development Authority, American Leadership Academy Project (RB) (SD CRED PROG) 5.00%, 06/15/25 (c)		500			502,262
Pima County Industrial Development Authority, Edkey Charter Schools Project (RB)
5.25%, 07/01/26 (c)		250			252,815
5.38%, 07/01/26 (c)		250			250,979
5.50%, 07/01/26 (c)		250			250,464
Salt Verde Financial Corp. (RB)
5.00%, 12/01/37		9,355			10,248,083
5.25%, 12/01/23		290			300,304
5.25%, 12/01/24		305			320,742
5.25%, 12/01/25		265			282,727
5.25%, 12/01/27		215			233,985
5.25%, 12/01/28		245			268,370
Tempe Industrial Development Authority, Friendship Village of Tempe (RB) 5.00%, 12/01/26 (c)		355			360,128
Tempe Industrial Development Authority, Friendship Village of Tempe (RB) (AGM) 5.00%, 12/01/26 (c)		250			254,247

	Par (000’s		)	Value
Arizona (continued)
Tempe Industrial Development Authority, Mirabella at ASU Project, Series A (RB)
6.12%, 10/01/27 (c)	$	3,900		$	3,907,659
6.12%, 10/01/27 (c)		600			599,548
					65,437,368
Arkansas: 0.3%
Arkansas Development Finance Authority Healthcare Facilities, Carti Surgery Center Project, Series B (RB) 3.50%, 07/01/28 (c)		1,085			860,572
Arkansas Development Finance Authority, Academics Plus Charter Schools Project (RB) 4.00%, 12/01/27 (c)		815			664,338
Arkansas Development Finance Authority, Big River Steel Project (RB) 4.50%, 09/01/26 (c)		7,820			7,253,607
Arkansas Development Finance Authority, Charter School Project, Series A (RB) 3.62%, 12/01/28 (c)		1,000			719,941
					9,498,458
California: 13.4%
Alameda Corridor Transportation Authority, Second Subordinate Lien, Series B (RB)
5.00%, 10/01/26 (c)		5,000			5,270,310
5.00%, 10/01/26 (c)		1,650			1,742,490
5.00%, 10/01/26 (c)		2,055			2,167,883
5.00%, 10/01/26 (c)		3,000			3,170,405
Anaheim Community Facilities District No. 08-1 (ST)
4.00%, 09/01/23 (c)		420			394,365
4.00%, 09/01/23 (c)		615			593,743
4.00%, 09/01/23 (c)		160			158,641
Antelope Valley Healthcare District, Series A (RB)
5.00%, 03/01/26 (c)		300			308,374
5.25%, 03/01/26 (c)		1,480			1,551,959
California Community College Financing Authority, Orange Coast College Project (RB) 5.25%, 05/01/28 (c)		695			701,038
California Community Housing Agency, Essential Housing, Arbors, Series A (RB) 5.00%, 08/01/30 (c)		3,100			2,951,255
California Community Housing Agency, Essential Housing, Creekwood, Series A (RB) 4.00%, 08/01/31 (c)		11,735			9,691,939

	Par (000’s		)	Value
California (continued)
California Community Housing Agency, Essential Housing, Glendale Properties, Series A-1 (RB) 4.00%, 08/01/31 (c)	$	6,000		$	5,292,386
California Community Housing Agency, Essential Housing, Glendale Properties, Series A-2 (RB)
3.00%, 08/01/31 (c)		1,000			709,302
4.00%, 08/01/31 (c)		2,000			1,616,261
California Community Housing Agency, Essential Housing, Glendale Properties, Series A-2 (RB) (AGM) 4.00%, 08/01/32 (c)		3,000			2,313,097
California Community Housing Agency, Essential Housing, Mira Vista Hills Apartments, Series A (RB) 4.00%, 08/01/31 (c)		4,000			3,289,169
California Community Housing Agency, Essential Housing, Serenity at Larkspur, Series A (RB) 5.00%, 02/01/30 (c)		10,000			9,454,777
California Community Housing Agency, Essential Housing, Summit at Sausalito Apartments, Series A-2 (RB) 4.00%, 08/01/32 (c)		2,000			1,521,722
California Community Housing Agency, Series A-1 (RB) 4.00%, 08/01/31 (c)		4,500			4,004,066
California Community Housing Agency, Stoneridge Apartments, Series A (RB) 4.00%, 02/01/31 (c)		6,000			4,847,764
California County Tobacco Securitization Agency, Alameda County Tobacco Asset Securitization Corp. (RB) 5.88%, 05/31/22 (c)		25			25,349
California County Tobacco Securitization Agency, Golden Gate Tobacco, Series A (RB) 5.00%, 05/16/22 (c)		15			14,703
California County Tobacco Securitization Agency, Series A (RB)
4.00%, 06/01/30 (c)		4,740			4,602,342
5.00%, 05/16/22 (c)		4,115			4,026,758
California Enterprise Development Authority Charter School, Rocketship Public Schools Group No. 2, Series A (RB) 4.00%, 06/01/31 (c)		1,000			907,213

	Par (000’s		)	Value
California (continued)
California Health Facilities Financing Authority, Children’s Hospital, Series A (RB)
4.00%, 08/15/27 (c)	$	250		$	253,470
4.20%, 08/15/27 (c)		500			515,706
4.25%, 11/15/22 (c)		80			80,503
5.00%, 08/15/27 (c)		460			500,380
5.00%, 08/15/27 (c)		990			1,070,843
California Health Facilities Financing Authority, Commonspirit Health, Series A (RB)
3.00%, 04/01/30 (c)		1,000			813,043
4.00%, 04/01/30 (c)		1,715			1,681,993
4.00%, 04/01/30 (c)		6,325			5,978,284
California Housing Finance Agency, Series A (RB)
3.50%, 11/20/35		984			985,185
4.00%, 03/20/33		964			990,380
California Infrastructure & Economic Development Bank, Wonderful Foundations Charter School Portfolio Project, Series A-1 (RB)
5.00%, 01/01/31 (c)		5,000			4,727,853
5.00%, 07/01/30 (c)		1,000			947,645
California Municipal Finance Authority, California Baptist University, Series A (RB)
5.50%, 11/01/25 (c)		500			529,921
6.12%, 11/01/23 (c)		1,000			1,045,784
California Municipal Finance Authority, Charter School Santa Rosa Academy Project, (RB) 5.00%, 07/01/32 (c)		1,000			984,598
California Municipal Finance Authority, CHF-Davis I, LLC - West Village Student Housing Project (RB) 5.00%, 11/15/28 (c)		500			531,148
California Municipal Finance Authority, CHF-Davis I, LLC - West Village Student Housing Project (RB) (BAM) 4.00%, 11/15/28 (c)		150			146,724
California Municipal Finance Authority, CHF-Davis II, LLC - Orchard Park Student Housing Project (RB) (BAM)
3.00%, 05/15/31 (c)		5,150			3,937,447
4.00%, 05/15/31 (c)		5,000			4,915,458
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			1,504,053

	Par (000’s		)	Value
California (continued)
California Municipal Finance Authority, Eisenhower Medical Center, Series A (RB)
5.00%, 07/01/27 (c)	$	250		$	270,739
5.00%, 07/01/27 (c)		200			217,252
California Municipal Finance Authority, Holy Names University (RB) 7.00%, 10/01/29 (c)		2,500			2,568,420
California Municipal Finance Authority, John Adams Academies Lincoln Project, Series A (RB)
5.00%, 10/01/27 (c)		500			481,919
5.00%, 10/01/27 (c)		500			500,682
5.00%, 10/01/27 (c)		500			473,825
California Municipal Finance Authority, Julian Charter School Project, Series A (RB) 5.62%, 03/01/25 (c)		2,390			2,349,092
California Municipal Finance Authority, LINXS APM Project, Series A (RB)
5.00%, 06/30/28 (c)		600			643,304
5.00%, 06/30/28		65			70,074
5.00%, 06/30/28 (c)		2,490			2,604,469
5.00%, 06/30/28 (c)		500			535,286
California Municipal Finance Authority, LINXS APM Project, Series A (RB) (AGM)
3.00%, 06/30/28 (c)		1,950			1,792,214
5.00%, 06/30/28 (c)		700			739,009
5.00%, 06/30/28 (c)		3,405			3,539,902
5.00%, 06/30/28 (c)		1,035			1,100,787
5.00%, 06/30/28 (c)		1,000			1,053,452
5.00%, 06/30/28 (c)		2,040			2,151,759
California Municipal Finance Authority, Multifamily Housing, Series A (RB) 4.00%, 11/01/31 (c)		1,000			912,242
California Municipal Finance Authority, Northbay Healthcare Group, Series A (RB) 5.25%, 11/01/26 (c)		230			246,202
California Municipal Finance Authority, Palmdale Aerospace Academy, Series A (RB)
5.00%, 07/01/26 (c)		500			510,502
5.00%, 07/01/28 (c)		130			133,950
5.00%, 07/01/28 (c)		1,000			1,016,359
California Municipal Finance Authority, Rocketship Education, Series A (RB) 7.00%, 06/01/22 (c)		930			952,711

	Par (000’s		)	Value
California (continued)
California Municipal Finance Authority, Santa Rosa Academy Project, Series A (RB) 6.00%, 07/01/22 (c)	$	1,500		$	1,511,368
California Municipal Finance Authority, UCR Dundee- Glasgow Student Housing Project (RB) (BAM) 4.00%, 11/15/28 (c)		250			244,540
California Municipal Finance Authority, United Airlines, Inc., International Airport Project (RB) 4.00%, 07/15/29		10,500			10,154,502
California Pollution Control Financing Authority, Solid Waste Disposal, CalPlant I Project (RB)
7.00%, 07/01/22 (d) *		1,000			600,000
7.50%, 12/01/29 (c) (d) *		7,000			350,000
7.50%, 07/01/22 (c) (d) *		10,500			6,300,000
8.00%, 07/01/27 (c) (d) *		6,635			3,981,000
California Pollution Control Financing Authority, Solid Waste Disposal, CalPlant I Project (RB) (SAW) 7.50%, 07/01/32		1,000			850,000
California Pollution Control Financing Authority, Solid Waste Disposal, Rialto Bioenergy Facility LLC Project (RB) 7.50%, 12/01/24 (c)		2,350			1,578,400
California Public Finance Authority, Enso Village Project, Series A (RB)
5.00%, 11/15/29 (c)		1,000			1,001,484
5.00%, 11/15/29 (c)		1,500			1,536,549
5.00%, 11/15/29 (c)		500			492,708
5.00%, 06/01/27 (c)		400			417,084
California Public Finance Authority, NCCD-Claremont Properties LLC, Series A (RB)
5.00%, 07/01/27 (c)		1,000			773,722
5.00%, 07/01/27 (c)		485			400,942
5.00%, 07/01/27		210			181,278
5.00%, 07/01/27 (c)		300			240,904
California School Finance Authority, Charter School Ivy Academia, Series A (RB) 4.00%, 06/01/28 (c)		1,150			995,533
California School Finance Authority, NCCD-Santa Rosa Properties LLC, Series A (RB)
4.00%, 11/01/31 (c)		1,000			871,313
4.00%, 11/01/31 (c)		2,700			2,306,009

	Par (000’s		)	Value
California (continued)
California School Finance Authority, River Springs Charter School Project, Series A (RB)
5.00%, 07/01/27 (c)	$	1,000		$	977,528
6.38%, 07/01/25 (c)		2,000			2,111,613
California School Finance Authority, Rocketship Education, Series A (RB)
5.12%, 06/01/26 (c)		250			255,566
5.25%, 06/01/26 (c)		250			256,250
California Statewide Communities Development Authority, Adventist Health System/West, Series A (RB) 3.50%, 03/01/28 (c)		1,050			1,012,072
California Statewide Communities Development Authority, Baptist University, Series A (RB)
3.50%, 11/01/27		2,500			2,552,061
5.00%, 11/01/27 (c)		1,000			1,057,984
6.38%, 11/01/23 (c)		1,000			1,043,586
California Statewide Communities Development Authority, College Housing (RB) 5.25%, 07/01/29 (c)		250			226,239
California Statewide Communities Development Authority, Daughters of Charity Health System, Series A (RB)
5.50%, 05/31/22 (c)		167			157,304
5.75%, 05/31/22 (c)		32			30,096
California Statewide Communities Development Authority, Daughters of Charity Health System, Series H (RB) 5.75%, 05/31/22 (c)		5			4,414
California Statewide Communities Development Authority, Infrastructure Program, Series B (SA) 5.00%, 09/02/28 (c)		920			960,606
California Statewide Communities Development Authority, Irvine East Campus Armaments, CHF-Irvine, LLC (RB)
5.00%, 05/15/26 (c)		385			412,077
5.00%, 05/15/26 (c)		545			579,291
California Statewide Communities Development Authority, Irvine East Campus Armaments, CHF-Irvine, LLC (RB) (BAM)
3.00%, 05/15/31 (c)		1,000			763,561
3.00%, 05/15/31 (c)		1,000			781,387

	Par (000’s		)	Value
California (continued)
California Statewide Communities Development Authority, Lancer Educational Student Housing Project, Series A (RB)
5.00%, 06/01/29 (c)	$	435		$	451,515
5.00%, 06/01/29 (c)		1,940			1,984,003
California Statewide Communities Development Authority, Lancer Plaza Project (RB) 5.62%, 11/01/23 (c)		75			77,217
California Statewide Communities Development Authority, Loma Linda University Medical Center, Series A (RB)
5.00%, 06/01/26 (c)		1,595			1,665,822
5.00%, 06/01/26 (c)		350			379,852
5.00%, 06/01/26 (c)		2,445			2,539,440
5.00%, 06/01/26 (c)		1,100			1,164,599
5.25%, 12/01/24 (c)		690			712,561
5.25%, 12/01/24 (c)		1,740			1,810,963
5.25%, 06/01/26 (c)		8,380			8,687,214
5.25%, 06/01/28 (c)		1,000			1,050,425
5.50%, 12/01/24 (c)		9,705			10,026,595
5.50%, 06/01/28 (c)		6,500			6,884,502
California Statewide Communities Development Authority, Provident Group Pomona Properties LLC, Series A (RB)
5.00%, 06/01/26 (c)		3,230			3,332,979
5.75%, 01/15/23 (c)		125			126,219
California Statewide Communities Development Authority, University of California, Irvine East Campus Apartments (RB) 3.50%, 05/15/26 (c)		615			591,824
California Statewide Communities Development Authority, University of California, Irvine East Campus Apartments, Phase IV-A (RB) 5.00%, 05/15/27 (c)		3,170			3,333,840
California Statewide Financing Authority, Pooled Tobacco Securitization Program, Series B (RB) 6.00%, 05/31/22 (c)		3,175			3,227,652
California Statewide Financing Authority, Pooled Tobacco Securitization Program, Series C (RB) 6.00%, 05/31/22 (c)		900			914,923
City of Fontana, Community Facilities District No. 90 (ST) 4.00%, 09/01/28 (c)		500			456,227

	Par (000’s		)	Value
California (continued)
City of Fremont, Community Facilities District No. 1 (ST) 5.00%, 09/01/25 (c)	$	250		$	259,416
City of Irvine, Community Facilities District No. 2013-3 (ST)
4.00%, 09/01/23 (c)		230			234,158
4.00%, 09/01/23 (c)		1,000			1,016,101
4.00%, 09/01/23 (c)		250			254,237
4.00%, 09/01/23 (c)		250			254,029
City of Irvine, Reassessment District No. 15-2 (SA) 5.00%, 09/02/25 (c)		750			783,315
City of Oroville Hospital (RB) 5.25%, 04/01/29 (c)		6,000			6,126,048
City of Rancho Cordova, Sunridge Anatolia community Facilities District No. 2003-1 (ST) 4.00%, 09/01/26 (c)		180			177,942
City of Rocklin, Community Facilities District No. 10 (ST) 5.00%, 09/01/25 (c)		840			873,584
City of Roseville, Fiddyment Ranch Community Facilities District No. 1 (ST)
3.75%, 09/01/27 (c)		500			468,319
5.00%, 09/01/27 (c)		135			142,795
5.00%, 09/01/27 (c)		155			164,243
City of Roseville, Westpark Community Facility District No. 1 (ST) 5.00%, 09/01/25 (c)		200			208,246
City of San Clemente, Facilities District No. 2006-1 (ST) 5.00%, 09/01/25 (c)		1,045			1,085,683
CMFA Special Finance Agency (RB)
3.00%, 12/01/31 (c)		6,000			4,124,757
4.00%, 02/01/32 (c)		2,500			2,195,681
CMFA Special Finance Agency I (RB) 4.00%, 04/01/31 (c)		6,000			5,111,080
CMFA Special Finance Agency VII (RB) 4.00%, 08/01/31 (c)		2,000			1,565,633
CMFA Special Finance Agency XII (RB) 4.38%, 02/01/32 (c)		1,000			793,325
Compton Public Finance Authority (RB)
4.00%, 09/01/24 (c)		1,000			1,009,930
4.50%, 09/01/24 (c)		1,585			1,603,776
CSCDA Community Improvement Authority, Atlanta-Glendale, Series A-1 (RB) 3.50%, 10/01/31 (c)		1,000			809,259

	Par (000’s		)	Value
California (continued)
CSCDA Community Improvement Authority, Atlanta-Glendale, Series A-2 (RB) 4.00%, 10/01/31 (c)	$	8,750		$	7,257,397
CSCDA Community Improvement Authority, City Anaheim, Series A (RB) 5.00%, 01/01/31 (c)		11,800			11,416,882
CSCDA Community Improvement Authority, Essential Housing Mezzanine Lien, Series B (RB)
4.00%, 04/01/32 (c)		1,000			734,010
4.00%, 05/01/32 (c)		1,500			1,117,020
CSCDA Community Improvement Authority, Jefferson-Anaheim, Series A-1 (RB) 2.88%, 08/01/31 (c)		995			861,933
CSCDA Community Improvement Authority, Jefferson-Anaheim, Series A-2 (RB) 3.12%, 08/01/31 (c)		7,000			5,094,707
CSCDA Community Improvement Authority, Link- Glendale, Series A-2 (RB) 4.00%, 07/01/31 (c)		5,350			4,380,089
CSCDA Community Improvement Authority, Millennium South Bay- Hawthorne, Series A-1 (RB) 3.25%, 07/01/32 (c)		8,000			5,922,758
CSCDA Community Improvement Authority, Moda at Monrovia Station, Series A-1 (RB) 3.40%, 10/01/31 (c)		2,000			1,657,834
CSCDA Community Improvement Authority, Moda at Monrovia Station, Series A-2 (RB) 4.00%, 10/01/31 (c)		7,075			6,162,073
CSCDA Community Improvement Authority, Monterey Station Apartments, Series A-1 (RB) 3.00%, 07/01/32 (c)		2,500			1,900,469
CSCDA Community Improvement Authority, Parallel-Anaheim, Series A (RB) 4.00%, 08/01/31 (c)		2,000			1,769,482
CSCDA Community Improvement Authority, Park Crossing Apartments, Series A (RB) 3.25%, 06/01/32 (c)		3,500			2,466,730

	Par (000’s		)	Value
California (continued)
CSCDA Community Improvement Authority, Park Crossing Apartments, Series B (RB) 4.00%, 06/01/32 (c)	$	1,000		$	758,627
CSCDA Community Improvement Authority, Pasadena Portfolio, Series A-1 (RB) 2.65%, 12/01/31 (c)		2,000			1,614,152
CSCDA Community Improvement Authority, Pasadena Portfolio, Series B (RB) 4.00%, 12/01/31 (c)		1,000			752,859
CSCDA Community Improvement Authority, Union South Bay, Series A-1 (RB) 3.10%, 07/01/31 (c)		3,000			2,351,939
CSCDA Community Improvement Authority, Union South Bay, Series A-2 (RB) 4.00%, 07/01/31 (c)		15,000			12,993,788
CSCDA Community Improvement Authority, Vineyard Gardens Apartments, Series A (RB) 3.25%, 04/01/32 (c)		2,200			1,617,636
CSCDA Community Improvement Authority, Vineyard Gardens Apartments, Series B (RB) 4.00%, 04/01/32 (c)		4,000			3,294,747
CSCDA Community Improvement Authority, Wood Creek Apartments, Series A-1 (RB) 3.00%, 06/01/32 (c)		1,000			704,866
CSCDA Community Improvement Authority, Wood Creek Apartments, Series A-2 (RB) 4.00%, 06/01/32 (c)		5,780			4,738,919
Dublin Community Facilities District No 2015-1 (ST)
5.00%, 09/01/26 (c)		500			528,293
5.00%, 09/01/26 (c)		500			537,289
5.00%, 09/01/26 (c)		500			532,015
5.00%, 09/01/27 (c)		1,150			1,223,303
5.00%, 09/01/27 (c)		1,840			1,930,040
Elk Grove Finance Authority (ST) 5.00%, 09/01/26 (c)		1,300			1,361,967
Folsom Ranch Financing Authority (ST)
5.00%, 09/01/27 (c)		2,000			2,127,483
5.00%, 09/01/27 (c)		1,100			1,175,941

	Par (000’s		)	Value
California (continued)
5.00%, 09/01/27 (c)	$	1,000		$	1,047,956
Foothill/Eastern Transportation Corridor Agency, Toll Road Revenue, Series A (RB)
5.75%, 01/15/24 (c)		1,000			1,058,129
6.00%, 01/15/24 (c)		2,860			3,036,622
Foothill/Eastern Transportation Corridor Agency, Toll Road Revenue, Series B-1 (RB)
3.95%, 07/15/27 (c)		100			91,666
6.00%, 01/15/24 (c)		1,115			1,183,858
Foothill/Eastern Transportation Corridor Agency, Toll Road Revenue, Series B-2 (RB) 3.50%, 07/15/29 (c)		475			388,824
Foothill/Eastern Transportation Corridor Agency, Toll Road Revenue, Series C (RB) 6.50%, 01/15/24 (c)		1,000			1,061,582
Hastings Campus Housing Finance Authority, Series A (RB)
5.00%, 07/01/30 (c)		4,350			4,581,963
5.00%, 07/01/30 (c)		3,000			3,107,552
Independent Cities Finance Authority, Mobil Home Park, Series A (RB) 3.75%, 10/15/26 (c)		250			212,136
Irvine Unified School District Community Facilities District No. 09-1, Series D (ST) 5.00%, 09/01/27 (c)		1,000			1,047,008
Lake Elsinore Public Financing Authority, Local Agency (ST) 5.00%, 09/01/25 (c)		405			420,639
Lincoln Public Financing Authority, Twelve Bridges, Series B (SA) 6.00%, 05/31/22 (c)		46			46,156
Los Angeles Unified School District, Series C (GO) 5.00%, 07/01/24 (c)		1,600			1,680,543
MSR Energy Authority, Series A (RB)
6.12%, 11/01/29		485			541,167
6.50%, 11/01/39		1,575			1,957,988
Ontario California Special Tax, Community Facilities District No. 53 (ST) (FHA 542(C)) 4.00%, 09/01/28 (c)		1,375			1,242,246
Orange County Community Facilities District No. 1, Series A (ST)
4.25%, 08/15/25 (c)		975			981,318
5.25%, 08/15/25 (c)		455			475,403
Palomar Health (RB) 5.00%, 11/01/26 (c)		250			270,003

	Par (000’s		)	Value
California (continued)
Palomar Pomerado Health, Series A (GO) (NATL) 0.00%, 08/01/25 ^	$	125		$	111,979
Perris Union High School District Financing Authority (ST) 5.00%, 03/01/25 (c)		1,000			1,033,626
Poway Unified School District Public Financing Authority, Series A (ST) 5.00%, 09/01/25 (c)		750			783,250
River Islands Public Financing Authority, Community Facilities District No. 2003-1, Series A-1 (ST)
5.00%, 09/01/26 (c)		500			525,694
5.00%, 09/01/26 (c)		500			535,088
5.50%, 09/01/22 (c)		3,000			3,074,089
River Islands Public Financing Authority, Community Facilities District No. 2003-1, Series A-1 (ST) (AGM) 5.00%, 09/01/26 (c)		500			529,652
River Islands Public Financing Authority, Community Facilities District No. 2019-1 (ST) 4.00%, 09/01/28 (c)		1,000			913,967
River Islands Public Financing Authority, Phase 2 Public Improvements (ST)
4.00%, 09/01/26 (c)		1,000			929,085
5.00%, 09/01/26 (c)		750			797,035
Romoland School District No. 2004-1 (ST) 5.00%, 09/01/25 (c)		500			527,746
Sacramento County, Community Facilities District No. 2005-2 (ST)
5.00%, 09/01/26 (c)		495			516,809
5.00%, 09/01/26 (c)		345			362,159
San Diego County Regional Airport Authority, Series A (RB) 5.00%, 07/01/31 (c)		745			809,969
San Diego County Regional Airport Authority, Series B (RB) 4.00%, 07/01/31 (c)		1,500			1,401,900
San Jacinto Unified School District Financing Authority (ST) 5.00%, 09/01/26 (c)		300			317,755
San Joaquin Hills Transportation Corridor Agency (RB) (NATL) 0.00%, 01/15/25 ^		1,000			915,720

	Par (000’s		)	Value
California (continued)
San Joaquin Hills Transportation Corridor Agency, Junior Lien Toll Road, Series A (RB) 5.00%, 01/15/25 (c)	$	500		$	533,304
San Joaquin Hills Transportation Corridor Agency, Junior Lien Toll Road, Series A (RB) (NATL)
0.00%, 01/15/32 ^		145			96,742
0.00%, 01/15/36 ^		105			57,396
San Joaquin Hills Transportation Corridor Agency, Junior Lien Toll Road, Series B (RB) 5.25%, 01/15/25 (c)		200			208,421
San Joaquin Hills Transportation Corridor Agency, Senior Lien Toll Road, Series A (RB) 4.00%, 01/15/32 (c)		2,000			1,892,223
Saugus Hart School Facilities Financing Authority, Community Facilities District No. 2006-1 (ST)
5.00%, 03/01/26 (c)		500			521,452
5.00%, 03/01/26 (c)		500			518,790
Silicon Valley Tobacco Securitization Authority, Series A (RB) 0.00%, 05/31/22 (c) ^		7,000			3,206,376
Silicon Valley Tobacco Securitization Authority, Series C (RB) 0.00%, 05/16/22 (c) ^		8,015			955,349
South California Tobacco Securitization Authority, Series C (RB) 0.00%, 05/16/22 (c) ^		3,055			469,282
Thousand Oaks, California Community Facilities, District No. 1994-1 (ST) 5.38%, 09/01/22 (c)		1,035			1,040,788
Three Rivers Levee Improvement Authority. Community Facilities District Nos. 2006-1 and 2006-2, Series A (ST) 4.00%, 09/01/28 (c)		1,290			1,193,113
Tobacco Securitization Authority of Northern California (RB) 4.00%, 12/01/30 (c)		3,000			2,969,056
Tobacco Securitization Authority of Southern California, Series D (RB) 0.00%, 05/16/22 (c) ^		8,440			1,108,569

	Par (000’s		)	Value
California (continued)
Transbay Joint Powers Authority, Tax Allocation, Series B (TA) 2.40%, 04/01/30 (c)	$	3,920		$	3,768,644
Tustin Community Facilities District, Series A (ST)
5.00%, 09/01/25 (c)		100			104,020
5.00%, 09/01/25 (c)		100			103,577
Val Verde Unified School District (ST) 5.00%, 03/01/25 (c)		750			777,120
Western Hills Water District, Diablo Grande Community Facilities District No. 1 (ST)
4.00%, 09/01/21 (d) *		850			442,000
5.30%, 09/01/22 (c) (d) *		530			275,600
William S. Hart Union High School District No. 2015-1 (ST) 5.00%, 09/01/26 (c)		445			464,622
					403,190,754
Colorado: 3.7%
Arista Metropolitan District in the City and County of Broomfield, Series A (GO)
5.00%, 12/01/23 (c)		500			506,382
5.12%, 12/01/23 (c)		750			754,426
Arkansas River Power Authority, Power Supply System, Series A (RB) 5.00%, 10/01/28 (c)		2,010			2,138,332
Base Village Metropolitan District No. 2, Series A (GO) 5.75%, 05/31/22 (c)		1,000			1,017,888
Brighton Crossing Metropolitan District No. 6, Series A (GO)
5.00%, 12/01/25 (c)		500			506,690
5.00%, 12/01/25 (c)		500			500,257
Broadway Station Metropolitan District No. 3, Series A (GO)
5.00%, 06/01/24 (c)		2,500			2,492,476
5.00%, 06/01/24 (c)		1,249			1,267,412
Canyon Pines Metropolitan District, Colorado Special Improvement District No. 1, Series A (SA) 3.75%, 09/01/26 (c)		1,000			811,080
Centerra Metropolitan District No. 1 (TA)
5.00%, 12/01/22 (c)		500			509,574
5.00%, 12/01/22 (c)		500			503,066
5.00%, 12/01/22 (c)		500			497,193
City and County of Denver, United Airlines, Inc. Project (RB) 5.00%, 10/01/23 (c)		5,195			5,309,500

	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)	$	4,250		$	4,287,244
City of Lakewood, Colorado Plaza Metropolitan District No. 1 (TA) 5.00%, 12/01/22 (c)		1,035			1,036,540
Colorado Educational and Cultural Facilities Authority, Loveland Classical Schools Project, Thompson School District R2-J (RB) 5.00%, 07/01/26 (c)		1,000			992,998
Colorado Educational and Cultural Facilities Authority, Rocky Mountain Classical Academy Project (RB) 5.00%, 10/01/27 (c)		500			503,274
Colorado Health Facilities Authority, Christian Living Neighborhoods Project (RB) 5.00%, 01/01/26 (c)		605			625,021
Colorado Health Facilities Authority, CommonSpirit Health, Series A-1 (RB)
4.00%, 08/01/29 (c)		510			495,381
5.00%, 08/01/29		1,000			1,105,754
Colorado Health Facilities Authority, CommonSpirit Health, Series A-2 (RB)
3.25%, 08/01/29 (c)		5			4,006
4.00%, 08/01/29 (c)		7,000			6,635,047
5.00%, 08/01/29 (c)		1,045			1,126,931
Colorado Health Facilities Authority, Health and Residential, Volunteers of America Care Facilities (RB) 5.30%, 05/31/22 (c)		1,160			971,706
Colorado High Performance Transportation Enterprise, C-470 Express Lanes (RB)
5.00%, 12/31/24 (c)		350			361,957
5.00%, 12/31/24 (c)		250			258,494
Colorado International Center, Metropolitan District No 7 (GO) 5.25%, 12/01/26 (c)		5,000			3,109,807
Colorado International Center, Metropolitan District No. 14 (GO) 5.88%, 12/01/23 (c)		2,500			2,552,011
Creekwalk Marketplace Business Improvement District, Series A (RB)
5.50%, 12/01/26 (c)		500			454,321
5.75%, 12/01/26 (c)		500			446,318

	Par (000’s		)	Value
Colorado (continued)
Crowfoot Valley Ranch Metropolitan District No. 2, Series A (GO)
5.62%, 12/01/23 (c)	$	1,000		$	1,027,471
5.75%, 12/01/23 (c)		1,500			1,533,042
Dominion Water and Sanitation District (RB)
5.25%, 05/31/22 (c)		785			801,986
5.75%, 05/31/22 (c)		3,500			3,575,593
6.00%, 05/31/22 (c)		397			405,558
Fountain Urban Renewal Authority, South Academy Highlands Project, Series A (TA)
4.50%, 11/01/25 (c)		870			827,408
5.25%, 11/01/25 (c)		2,345			2,228,101
5.50%, 11/01/25 (c)		1,865			1,795,184
Green Valley Ranch East Metropolitan District No. 6, Series A (GO) 5.88%, 09/01/25 (c)		1,000			1,002,014
Jefferson Center Metropolitan District No. 1, Series A-2 (RB) 4.38%, 12/01/23 (c)		1,000			907,628
Johnstown Plaza Metropolitan District, in the Town of Johnstown Larimer County, Colorado (GO) (SAW) 4.25%, 03/01/27 (c)		1,000			864,643
North Range Metropolitan District No. 3 (GO) 5.00%, 12/01/25 (c)		2,000			2,010,921
Painted Prairie Public Improvement Authority (RB)
5.00%, 12/01/24 (c)		1,500			1,488,840
5.00%, 12/01/24 (c)		1,000			1,008,333
Peak Metropolitan District No. 1, El Paco County, Series A (GO) 4.00%, 03/01/26 (c)		540			481,612
Pueblo Urban Renewal Authority, Evraz Project, Series A (TA) 4.75%, 12/01/30 (c)		4,030			3,774,441
Puerto Rico Sales Tax Financing Corp., Series A-2 (RB) 3.62%, 06/01/26 (c)		1,000			783,161
Rampart Range Metropolitan District No. 5, Colorado Limited Tax Supported and Special Bonds (RB) 4.00%, 10/01/26 (c)		5,750			4,482,769
Regional Transportation District, Denver Transit Partners Eagle P3 Project, Series B (RB) 4.00%, 07/15/40		615			596,900

	Par (000’s		)	Value
Colorado (continued)
Rocky Mountain Rail Park Metropolitan District, Series A (GO) 5.00%, 03/01/26 (c)	$	6,850		$	5,749,455
Siena Lake Metropolitan District, in the Town of Gypsum, Colorado (GO) 4.00%, 09/01/26 (c)		1,000			809,207
Southglenn Metropolitan District (GO) 5.00%, 05/31/22 (c)		1,000			983,286
Southlands Metropolitan District No. 1, Series A-1 (GO) 5.00%, 12/01/27 (c)		1,200			1,201,687
Sterling Ranch Community Authority Board, Colorado Limited Tax, Series A (RB)
4.25%, 12/01/25 (c)		1,000			863,264
5.00%, 12/01/22 (c)		1,000			1,025,809
5.00%, 12/01/22 (c)		500			510,395
5.00%, 12/01/22 (c)		5,000			5,077,052
Transport Metropolitan District No. 3 (GO)
5.00%, 03/01/26 (c)		4,000			3,926,921
5.00%, 03/01/26 (c)		4,200			4,268,423
Velocity Metropolitan District No. 3 (GO)
5.12%, 12/01/23 (c)		500			511,407
5.38%, 12/01/23 (c)		1,500			1,535,627
5.50%, 12/01/23 (c)		3,500			3,576,446
Verve Metropolitan District No 1 (GO) 5.00%, 03/01/26 (c)		1,025			1,039,726
Village Metropolitan District (GO) 5.00%, 12/01/25 (c)		1,250			1,290,228
Windler Public Improvement Authority, Series A-1 (RB) (BAM) 4.12%, 09/01/26 (c)		4,980			3,854,406
Windler Public Improvement Authority, Series A-2 (RB) 4.63%, 09/01/26 (c)		7,375			4,321,022
					111,921,052
Connecticut: 0.8%
Bridgeport Housing Authority, Energy Performance Equipment (RB) 5.60%, 05/10/22 (c)		630			606,237
Connecticut Airport Authority, Ground Transportation Center Project, Series A (RB) (AMBAC) 4.00%, 07/01/29 (c)		2,000			1,830,151
Connecticut State Health and Educational Facilities Authority, Church Home of Harford, Series A (RB)
5.00%, 09/01/26 (c)		2,500			2,526,949

	Par (000’s		)	Value
Connecticut (continued)
5.00%, 09/01/26 (c)	$	3,000		$	3,022,997
Connecticut State Health and Educational Facilities Authority, Mary Wade Home Issue, Series A-1 (RB) 5.00%, 10/01/24 (c)		3,000			3,052,519
Connecticut State Health and Educational Facilities Authority, McLean Issue, Series A (RB) 5.00%, 01/01/26 (c)		2,000			2,034,366
Connecticut State Health and Educational Facilities Authority, Nuvance Health Issue, Series A (RB) 4.00%, 07/01/29 (c)		2,000			1,877,656
Connecticut State Health and Educational Facilities Authority, Stamford Hospital, Series J (RB)
4.25%, 07/01/22 (c)		935			939,313
4.50%, 07/01/22 (c)		655			658,284
5.00%, 07/01/22 (c)		380			382,209
5.00%, 07/01/22 (c)		4,470			4,495,985
5.00%, 07/01/22 (c)		100			100,581
Connecticut State Health and Educational Facilities Authority, University of Hartford, Series N (RB) 4.00%, 07/01/29 (c)		250			230,164
Connecticut State Health and Educational Facilities Authority, University of Hartford, Series N (RB) (SD CRED PROG) 4.00%, 07/01/29 (c)		250			224,096
Connecticut State Health and Educational Facilities, Nuvance Health, Series A (RB) 4.00%, 07/01/29 (c)		500			501,351
Town of Hamden, Whitney Center Project (RB) 5.00%, 01/01/26 (c)		500			485,129
					22,967,987
Delaware: 0.1%
Delaware Economic Development Authority, Aspira Chapter School, Series A (RB)
5.00%, 06/01/26 (c)		250			257,227
5.00%, 06/01/26 (c)		1,000			1,018,776
Delaware River and Bay Authority, Series A (RB) 5.00%, 01/01/23 (c)		730			743,812
					2,019,815

	Par (000’s		)	Value
District of Columbia: 1.1%
District of Columbia Tobacco Settlement Financing Corp. (RB) 0.00%, 05/31/22 (c) ^	$	24,055		$	5,048,098
District of Columbia, Ingleside at Rock Creek Project, Series A (RB)
5.00%, 07/01/24 (c)		1,180			1,159,331
5.00%, 07/01/24 (c)		250			252,701
District of Columbia, Latin American Montessori Bilingual Public Charter School Issue (RB)
5.00%, 06/01/30 (c)		500			515,049
5.00%, 06/01/30 (c)		2,500			2,536,386
District of Columbia, Rocketship Education Public Charter School, Series A (RB) 5.00%, 06/01/29 (c)		1,000			1,021,108
Metropolitan Washington Airports Authority, Dulles Toll Road, Series A (RB) 0.00%, 10/01/37 ^		11,825			5,588,120
Metropolitan Washington Airports Authority, Dulles Toll Road, Series B (RB)
0.00%, 10/01/37 ^		5,520			2,873,750
4.00%, 10/01/29 (c)		7,315			7,360,085
4.00%, 10/01/29 (c)		250			254,979
5.00%, 10/01/29 (c)		3,150			3,396,123
6.50%, 10/01/28 (c)		245			290,380
Metropolitan Washington Airports Authority, Dulles Toll Road, Series B (RB) (SAW) 4.00%, 10/01/29 (c)		1,675			1,654,233
					31,950,343
Florida: 5.7%
Alachua County, Health Facilities Authority, Oak Hammock at the University of Florida Project, Series A (RB) 8.00%, 10/01/22 (c)		300			313,607
Aqua One Community Development District (SA) 5.75%, 05/01/28 (c)		1,000			1,021,513
Cape Coral Health Facilities Authority, Gulf Care, Inc. Project (RB) 6.00%, 07/01/25 (c)		295			295,475
Capital Trust Agency, Education Growth Fund, Series A-1 (RB) 5.00%, 07/01/31 (c)		5,500			5,576,256
Capital Trust Agency, Educational Facilities, Franklin Academy Projects (RB) 5.00%, 07/15/26 (c)		250			252,906

	Par (000’s		)	Value
Florida (continued)
Capital Trust Agency, Educational Facilities, Franklin Academy Projects (RB) (SD CRED PROG) 5.00%, 07/15/26 (c)	$	500		$	502,595
Capital Trust Agency, Educational Facilities, Pineapple Cove Classical Academy, Inc., Series A (RB)
4.50%, 01/01/29 (c)		500			502,129
5.12%, 01/01/29 (c)		500			506,578
5.25%, 01/01/29 (c)		500			502,193
5.38%, 01/01/29 (c)		500			504,276
Capital Trust Agency, Educational Facilities, Renaissance Charter School, Inc., Series A (RB)
4.38%, 06/15/27		390			391,220
5.25%, 06/15/27 (c)		500			507,652
Capital Trust Agency, First Mortgage, American Eagle Portfolio Project, Series B (RB) 6.00%, 07/01/25 (c)		1,000			300,000
Capital Trust Agency, University Bridge, LLC Student Housing Project, Series A (RB)
4.00%, 12/01/28		2,200			2,184,864
5.25%, 12/01/28 (c)		2,000			2,090,302
5.25%, 12/01/28 (c)		2,200			2,271,418
Capital Trust Agency, Wonderful Foundations Charter Schools Portfolio Projects, Series A (RB)
5.00%, 01/01/31 (c)		1,850			1,708,758
5.00%, 07/01/30 (c)		2,250			2,083,257
City of Orlando, Tourist Development Tax, Series A (RB) (AGM)
5.00%, 11/01/27		1,100			1,236,364
5.00%, 11/01/27 (c)		500			549,603
City of Pompano Beach, John Knox Village Project, Series A (RB) 4.00%, 09/01/27 (c)		1,000			889,144
City of Tallahassee, Health Facilities Authority, Memorial Healthcare, Inc. Project (RB)
4.00%, 06/01/25 (c)		230			230,353
5.00%, 06/01/25 (c)		460			487,775
5.00%, 06/01/25 (c)		300			317,208
City of Tampa, Florida, H. Lee Moffitt Cancer Center Project, Series A (RB) (AGC) 0.00%, 09/01/30 (c) ^		1,000			462,395
Collier County Industrial Development Authority, Arlington of Naples Project, Series A (RB)
7.00%, 05/15/24 (d) *		590			401,200

	Par
	(000’s		)	Value
Florida (continued)
8.12%, 05/15/24 (c) (d) *	$	460		$	312,800
Florida Development Finance Corp., Brightline Passenger Rail Project, Series B (RB) 7.38%, 01/01/24 (c)		19,035			19,498,375
Florida Development Finance Corp., Florida Charter Foundation, Inc., Series A (RB) 6.12%, 06/15/27 (c)		1,000			971,852
Florida Development Finance Corp., Glenridge on Palmer Ranch Project (RB) 5.00%, 06/01/28 (c)		425			419,367
Florida Development Finance Corp., Mayflower Retirement Community Project, Series A (RB)
4.00%, 06/01/28 (c)		1,600			1,388,649
4.00%, 06/01/28 (c)		1,250			999,335
Florida Development Finance Corp., Renaissance Charter School, Inc. Project, Series A (RB)
5.75%, 06/15/24 (c)		1,000			1,041,529
6.00%, 06/15/25 (c)		500			524,519
6.12%, 06/15/22 (c)		3,000			3,017,189
6.12%, 06/15/25 (c)		685			715,778
Florida Development Finance Corp., Renaissance Charter School, Inc. Project, Series C (RB) 5.00%, 09/15/27 (c)		1,000			1,021,160
Florida Development Finance Corp., The Mayl Ower Retirement Community Project, Series A (RB) 5.25%, 06/01/27 (c)		1,000			1,023,746
Florida Development Finance Corp., Virgin Trains USA Passenger Rail Project, Series A (RB)
6.25%, 01/01/24 (c) (p)		11,000			10,962,965
6.38%, 01/01/26 (c) (p)		15,195			14,991,817
6.50%, 01/01/29 (c) (p)		28,000			27,348,300
Florida Development Finance Corp., Waste Pro USA, Inc. Project (RB) 3.00%, 06/01/24 (c)		1,000			927,156
FRERC Community Development District (SA) (AGM)
5.38%, 11/01/29 (c)		1,500			1,477,597
5.50%, 11/01/29 (c)		2,450			2,385,796
Hillsborough County Industrial Development Authority, Tampa General Hospital Project, Series A (RB) 4.00%, 02/01/31 (c)		7,500			7,242,879

	Par
	(000’s		)	Value
Florida (continued)
Lake County, Florida Retirement Facility, Lakeside at Waterman Village Project, Series B (RB) 4.25%, 05/31/22 (c)	$	3,500		$	3,447,746
Lee County Industrial Development Authority, Community Charter Schools, LLC Projects, Series A (RB) 5.75%, 06/15/22 (c)		500			500,448
Lee County Industrial Development Authority, Cypress Cove at HealthPark Florida, Inc. Project, Series A (RB) 5.25%, 10/01/29 (c)		1,000			988,842
Miami Beach Health Facilities Authority, Mount Sinai Medical Center (RB) 5.00%, 11/15/24 (c)		380			395,383
Miami Beach Health Facilities Authority, Mount Sinai Medical Center, Series B (RB) (AGM)
3.00%, 11/15/31 (c)		3,170			2,289,323
4.00%, 11/15/31 (c)		2,530			2,354,524
Miami World Center Community Development District (SA)
5.12%, 11/01/27 (c)		750			785,159
5.25%, 11/01/27 (c)		250			260,024
Miami-Date County, Florida Subordinate Special (RB) 5.00%, 10/01/26 (c)		1,360			1,490,782
Mid-Bay Bridge Authority, First Senior Lien, Series A (RB)
5.00%, 10/01/25 (c)		500			521,724
5.00%, 10/01/25 (c)		500			523,853
Mid-Bay Bridge Authority, Second Senior Lien, Series C (RB) 5.00%, 10/01/25 (c)		1,000			1,036,945
Midtown Miami Community Development District, Parking Garage Project, Series A (SA)
4.25%, 05/01/23 (c)		1,035			1,042,318
5.00%, 05/01/23 (c)		1,480			1,488,739
North Broward Hospital District, Series B (RB) 5.00%, 01/01/28 (c)		155			169,044
Northern Palm Beach County Improvement District, Unit of Development No. 2C (RB)
5.00%, 08/01/27 (c)		200			208,884
5.00%, 08/01/27 (c)		200			205,643

	Par
	(000’s		)	Value
Florida (continued)
Palm Beach County Health Facilities Authority, Sinai Residences of Boca Raton Project, Series A (RB) 7.50%, 06/01/22 (c)	$	310		$	317,662
Palm Beach County Health Facilities Authority, Sinai Residences of Boca Raton Project, Series B (RB) 2.62%, 06/01/25		550			533,408
Palm Beach County, Lynn University Housing Project, Series A (RB) 5.00%, 06/01/31 (c)		3,920			4,032,216
Palm Beach County, Palm Beach Atlantic University Housing Project, Series A (RB)
5.00%, 04/01/29 (c)		2,500			2,499,888
5.00%, 04/01/29 (c)		1,000			1,015,128
Palm Cost Park Community Development District (SA) 5.70%, 05/31/22 (c)		180			180,118
Polk Country Industrial Development Authority, Florida Industrial Development (RB) 5.88%, 01/01/33		5,000			5,327,962
Seminole County Industrial Development Authority, Retirement Facility, Legacy Pointe at UCF Project, Series A (RB) 5.50%, 11/15/26 (c)		500			466,503
Seminole County Industrial Development Authority, Retirement Facility, Legacy Pointe at UCF Project, Series B-1 (RB) 4.25%, 05/31/22 (c)		2,600			2,471,104
Sumter County, Florida Village Community Development District No. 9 (SA) 5.50%, 05/01/22 (c)		750			750,000
Village Community Development District No. 12 (SA)
3.25%, 05/01/26		245			242,249
3.62%, 05/01/26 (c)		2,365			2,288,240
3.88%, 05/01/26 (c)		2,420			2,213,186
4.25%, 05/01/28 (c)		935			909,623
Village Community Development District No. 12 (SA) (SAW) 4.38%, 05/01/28 (c)		1,170			1,145,310
Village Community Development District No. 13 (SA)
3.00%, 05/01/29		730			692,017
3.38%, 05/01/29 (c)		980			899,409

	Par
	(000’s		)	Value
Florida (continued)
3.55%, 05/01/29 (c)	$	2,820		$	2,525,173
Village Community Development District No. 13 (SA) (SBG) 3.70%, 05/01/29 (c)		4,625			3,972,858
					172,551,285
Georgia: 1.1%
Burke County Development Authority, Series C (RB) (SAW) 4.12%, 02/01/28 (c)		1,000			959,576
DeKalb County Housing Authority, Baptist Retirement Communities of Georgia, Inc. and Clairmont Crest, Inc., Series A (RB) 5.00%, 01/01/29 (c)		1,000			760,404
Floyd County Development Authority, The Spires at Berry College Project, Series A (RB)
6.25%, 12/01/24 (c)		4,000			3,522,610
6.50%, 12/01/24 (c)		1,000			893,885
Floyd County Development Authority, The Spires at Berry College Project, Series A (RB) (SBG) 5.50%, 12/01/24 (c)		1,250			1,201,295
Fulton County Residential Care Facilities for the Elderly Authority, Canterbury Court Project, Series A (RB)
4.00%, 04/01/28 (c)		1,000			863,116
4.00%, 04/01/28 (c)		1,500			1,213,107
Fulton County Residential Care Facilities for the Elderly Authority, Canterbury Court Project, Series A (RB) (SD CRED PROG)
5.00%, 04/01/26 (c)		500			499,270
5.00%, 04/01/26 (c)		1,000			987,383
Gainesville & Hall County Development Authority (RB) 5.00%, 03/01/27 (c)		1,500			1,146,061
Gainesville & Hall County Development Authority (RB) (BAM) 5.00%, 03/01/27 (c)		700			572,991
Gainesville and Hall County Hospital Authority, Northeast Georgia Health System, Series A (RB) 4.00%, 02/15/30 (c)		1,050			1,037,127
Gainesville and Hall County Hospital Authority, Northeast Georgia Health System, Series A (RB) (AGM) 4.00%, 02/15/31 (c)		1,175			1,146,867

	Par
	(000’s		)	Value
Georgia (continued)
George L Smith II World Congress Center Authority, Series A (RB) 4.00%, 01/01/31 (c)	$	1,000		$	903,487
George L Smith II World Congress Center Authority, Series B (RB) 5.00%, 01/01/31 (c)		4,780			4,574,769
Georgia Local Government, Grantor Trust, Series A (CP) (NATL) 4.75%, 06/01/28		416			437,916
Macon-Bibb County Urban Development Authority, Academy for Classical Education, Inc., Series A (RB)
5.75%, 06/15/27 (c)		250			258,928
6.00%, 06/15/27 (c)		1,000			1,031,396
Main Street Natural Gas, Inc. (RB) 5.00%, 05/15/49		1,000			1,104,562
Marietta Development Authority, Life University, Inc. Project, Series A (RB) 5.00%, 11/01/27 (c)		1,000			1,013,893
Municipal Electric Authority of Georgia, Plant Vogtle Units 3 and 4, Series A (RB)
5.00%, 01/01/30 (c)		1,250			1,335,961
5.00%, 07/01/25 (c)		375			393,165
Municipal Electric Authority of Georgia, Plant Vogtle Units 3 and 4, Series B (RB) 5.00%, 07/01/28 (c)		1,000			1,050,169
Oconee County Industrial Development Authority, Series A-1 (RB) 6.25%, 12/01/25 (c)		1,000			825,291
Paulding County Hospital Authority, WellStar Health System, Inc., Series A (RB) 4.00%, 04/01/32 (c)		1,085			1,086,382
Rockdale County Development Authority, Pratt Paper LLC Project (RB) 4.00%, 01/01/28 (c)		3,850			3,639,261
White County Development Authority, Truett McConnell University Project, Series A (RB)
5.12%, 10/01/26 (c)		500			456,635
5.25%, 10/01/26 (c)		500			438,321
					33,353,828
Guam: 0.5%
Guam Government, Business Privilege Tax, Series D (RB)
4.00%, 11/15/25 (c)		600			599,234
5.00%, 11/15/25 (c)		1,100			1,157,182
5.00%, 11/15/25 (c)		500			526,634

	Par
	(000’s		)	Value
Guam (continued)
5.00%, 11/15/25 (c)	$	585		$	614,116
Guam Government, Business Privilege Tax, Series F (RB) 4.00%, 01/01/31 (c)		3,000			2,746,026
Guam Government, Department of Education, John F. Kennedy High School Refunding and Energy Efficiency Project, Series A (CP)
4.25%, 02/01/30		500			496,665
5.00%, 02/01/30 (c)		500			511,787
Guam Government, Hotel Occupancy Tax, Series A (RB) 5.00%, 11/01/30		750			799,626
Guam Government, Limited Obligation, Series A (RB) 5.00%, 12/01/26 (c)		620			652,801
Guam Government, Waterworks Authority, Water and Wastewater System (RB)
5.00%, 07/01/26 (c)		1,375			1,454,086
5.25%, 07/01/23 (c)		550			568,802
5.50%, 07/01/23 (c)		1,000			1,037,033
Guam Government, Waterworks Authority, Water and Wastewater System, Series A (RB) 5.00%, 07/01/30 (c)		3,205			3,466,524
Guam Power Authority, Series A (RB)
5.00%, 10/01/22 (c)		345			349,851
5.00%, 10/01/27 (c)		500			522,038
					15,502,405
Hawaii: 0.2%
Kuakini, Hawaii Health System, Series A (RB) 6.38%, 05/31/22 (c)		1,775			1,686,250
State of Hawaii, Department of Budget and Finance, Series A (RB)
6.25%, 07/01/23 (c)		1,400			1,439,479
6.62%, 07/01/23 (c)		2,085			2,143,714
					5,269,443
Idaho: 0.1%
Idaho Health Facilities Authority, Madison Memorial Hospital Project (RB)
3.50%, 09/01/26 (c)		450			413,620
5.00%, 09/01/26 (c)		1,135			1,200,859
Idaho Health Facilities Authority, Terraces of Boise, Series A (RB) 3.80%, 10/01/28 (c)		100			87,773
					1,702,252
Illinois: 13.1%
Chicago Board of Education, Series A (GO)
4.00%, 12/01/31 (c)		4,500			4,034,904

	Par
	(000’s		)	Value
Illinois (continued)
4.00%, 12/01/31 (c)	$	8,500		$	7,440,308
5.00%, 12/01/22 (c)		10,055			10,167,945
5.00%, 12/01/28 (c)		250			263,116
5.00%, 12/01/29		1,000			1,067,888
5.00%, 12/01/29 (c)		4,000			4,256,451
5.00%, 12/01/30 (c)		1,600			1,673,787
5.00%, 12/01/30 (c)		395			415,813
5.00%, 12/01/30 (c)		4,100			4,324,969
5.00%, 12/01/30 (c)		100			105,022
5.00%, 12/01/30 (c)		7,850			8,198,350
5.00%, 12/01/30 (c)		5,950			6,234,939
5.00%, 12/01/30 (c)		2,300			2,398,427
5.00%, 12/01/30 (c)		3,475			3,677,079
5.00%, 12/01/30 (c)		100			105,147
5.00%, 12/01/30 (c)		2,860			3,002,075
5.00%, 12/01/31 (c)		5,000			5,169,006
7.00%, 12/01/25 (c)		5,200			5,835,822
7.00%, 12/01/25 (c)		14,210			15,662,158
7.00%, 12/01/27 (c)		2,250			2,573,563
Chicago Board of Education, Series A (GO) (AGM)
5.00%, 12/01/23		300			311,917
5.00%, 12/01/25		1,000			1,072,144
5.00%, 12/01/28 (c)		250			273,879
Chicago Board of Education, Series A (GO) (AMBAC)
5.50%, 12/01/25		145			156,985
5.50%, 12/01/26		175			192,691
5.50%, 12/01/30		2,500			2,886,702
Chicago Board of Education, Series A (GO) (NATL)
0.00%, 12/01/27 ^		760			620,014
0.00%, 12/01/28 ^		390			304,704
0.00%, 12/01/30 ^		55			39,208
5.50%, 12/01/26		355			379,727
Chicago Board of Education, Series B (GO)
4.00%, 12/01/22 (c)		150			150,631
5.00%, 12/01/22 (c)		1,105			1,117,666
5.00%, 12/01/22 (c)		3,235			3,271,150
5.00%, 12/01/27		1,500			1,599,920
5.00%, 12/01/29 (c)		200			211,347
5.00%, 12/01/30		1,650			1,765,829
5.00%, 12/01/30 (c)		100			105,022
5.00%, 12/01/30 (c)		100			106,153
6.50%, 12/01/26 (c)		1,100			1,216,559
Chicago Board of Education, Series C (GO)
5.00%, 12/01/23		500			517,386
5.00%, 12/01/27 (c)		2,625			2,756,594
5.00%, 12/01/27		2,000			2,133,227
5.25%, 12/01/24 (c)		4,430			4,587,669
5.25%, 12/01/24 (c)		3,485			3,616,051
6.00%, 12/01/24 (c)		1,160			1,227,246
Chicago Board of Education, Series D (GO) (AGM) 5.00%, 12/01/28 (c)		2,500			2,591,097

	Par
	(000’s		)	Value
Illinois (continued)
Chicago Board of Education, Series E (GO) 5.12%, 12/01/24 (c)	$	2,415		$	2,501,809
Chicago Board of Education, Series G (GO) 5.00%, 12/01/27 (c)		1,100			1,155,144
Chicago Board of Education, Series H (GO) 5.00%, 12/01/27 (c)		12,080			12,508,635
Chicago Illinois Board of Education Unlimited Tax, Series B (GO)
4.00%, 12/01/31 (c)		5,000			4,569,162
4.00%, 12/01/31 (c)		2,380			2,163,360
4.00%, 12/01/31 (c)		5,000			4,601,750
Chicago Midway International Airport, Series A (RB) (AGM) 5.00%, 01/01/24 (c)		4,000			4,105,154
Chicago O’Hare International Airport (RB) 5.50%, 01/01/23 (c)		400			407,649
Chicago School Reform Board of Trustees, Series A (GO) (NATL)
0.00%, 12/01/23 ^		300			285,886
0.00%, 12/01/25 ^		355			313,960
0.00%, 12/01/29 ^		1,460			1,090,980
Chicago School Reform Board of Trustees, Series B-1 (GO) (NATL)
0.00%, 12/01/24 ^		1,165			1,069,962
0.00%, 12/01/25 ^		1,650			1,459,250
0.00%, 12/01/26 ^		1,630			1,386,683
0.00%, 12/01/27 ^		1,030			840,282
0.00%, 12/01/28 ^		690			539,093
0.00%, 12/01/29 ^		645			481,974
0.00%, 12/01/31 ^		520			352,773
Chicago Transit Authority, Federal Transit Administration Section 5307 Urbanized Area Formula (RB)
5.00%, 06/01/26		100			107,399
5.00%, 06/01/29		1,000			1,110,231
City of Chicago, City Colleges (GO) (NATL)
0.00%, 01/01/28 ^		345			281,430
0.00%, 01/01/30 ^		420			314,379
0.00%, 01/01/33 ^		1,985			1,292,480
0.00%, 01/01/34 ^		760			471,835
City of Chicago, Neighborhoods Alive 21 Program, Series B (GO) 5.00%, 01/01/25		235			246,198
City of Chicago, O’Hare International Airport, Senior Lien (RB) 5.75%, 01/01/23 (c)		1,585			1,615,256
City of Chicago, Series A (GO)
5.00%, 01/01/27		1,000			1,062,784

	Par
	(000’s		)	Value
Illinois (continued)
5.00%, 01/01/27	$	200		$	212,559
5.00%, 01/01/31 (c)		3,000			3,208,554
5.00%, 01/01/31 (c)		3,000			3,198,841
City of Chicago, Series A (GO) (NATL) 0.00%, 01/01/29 ^		140			109,509
City of Chicago, Series A (GO) (SAW) 5.00%, 01/01/29		2,775			2,969,855
City of Chicago, Series C (GO)
0.00%, 01/01/32 ^		195			127,401
5.00%, 01/01/24		1,110			1,147,252
5.00%, 01/01/25		1,760			1,843,863
5.00%, 01/01/26 (c)		250			263,826
5.00%, 01/01/26		380			400,799
City of Chicago, Water Revenue, Second Lien (RB) (AMBAC) 5.75%, 11/01/30		1,020			1,133,413
City of Harvey, Series A (GO)
5.50%, 05/31/22 (c) (d) *		465			390,600
5.62%, 05/31/22 (c) (d) *		3,600			3,024,000
Cook County, Illinois, Series B (GO) 4.00%, 11/15/26		1,200			1,256,694
Illinois Finance Authority, Acero Charter Schools, Inc. (RB) 4.00%, 10/01/31 (c)		1,000			889,856
Illinois Finance Authority, Admiral Lake Project (RB)
5.00%, 05/15/24 (c)		1,120			1,035,648
5.12%, 05/15/24 (c)		390			351,811
5.25%, 05/15/24 (c)		2,350			1,975,471
Illinois Finance Authority, Central Baptist Village (RB) 5.38%, 05/31/22 (c)		35			35,017
Illinois Finance Authority, Charter Schools, Art in Motion Project, Series A (RB) 5.00%, 07/01/31 (c)		1,000			808,191
Illinois Finance Authority, CHF - Cook, LLC - Northeastern Illinois University Project, Series A (RB)
5.00%, 07/01/25 (c)		1,000			916,153
5.00%, 07/01/25 (c)		1,000			866,984
Illinois Finance Authority, Franciscan Communities, Inc., Series A (RB)
4.75%, 05/15/23 (c)		615			620,111
5.12%, 05/15/23 (c)		230			232,079
5.25%, 05/15/23 (c)		750			757,114
Illinois Finance Authority, Friendship Village of Schaumburg (RB)
5.00%, 02/15/27 (c)		6,500			4,277,645
5.00%, 02/15/27		3,000			2,177,178
5.12%, 02/15/27 (c)		6,130			3,895,090

	Par
	(000’s		)	Value
Illinois (continued)
Illinois Finance Authority, Greenfields of Geneva Project (RB) 7.10%, 11/01/27 (c)	$	100		$	77,257
Illinois Finance Authority, Intrinsic School Project, Series A (RB) 6.00%, 12/01/25 (c)		500			527,381
Illinois Finance Authority, Lutheran Life Communities Obligated Group, Series A (RB)
5.00%, 11/01/26 (c)		250			260,460
5.00%, 11/01/26 (c)		1,525			1,544,962
5.00%, 11/01/26 (c)		500			511,284
5.00%, 11/01/26 (c)		500			525,162
5.00%, 11/01/26 (c)		4,710			4,702,994
Illinois Finance Authority, Park Place Elmhurst Project (RB) 5.12%, 05/15/26 (c)		1,616			1,342,630
Illinois Finance Authority, Roosevelt University (RB) 5.50%, 05/31/22 (c)		475			475,147
Illinois Finance Authority, Roosevelt University, Series A (RB)
6.00%, 10/01/28 (c)		1,600			1,691,487
6.12%, 10/01/28 (c)		8,000			8,467,380
6.12%, 10/01/28 (c)		4,500			4,738,827
Illinois Finance Authority, Westminster Village, Series A (RB) (AGM) 5.25%, 05/01/25 (c)		2,695			2,483,771
Illinois Sports Facilities Authority (RB)
5.00%, 06/15/28		1,000			1,051,659
5.00%, 06/15/29 (c)		3,055			3,238,126
5.00%, 06/15/29		1,000			1,053,655
5.00%, 06/15/30		1,000			1,056,119
Illinois Sports Facilities Authority (RB) (AGM) 5.00%, 06/15/24 (c)		1,000			1,038,703
Illinois Sports Facilities Authority (RB) (AMBAC) 0.00%, 06/15/26 ^		690			596,760
Illinois State, Series A (GO) 4.00%, 03/01/31 (c)		1,000			928,855
Illinois State, Series C 4.00%, 10/01/40		1,000			943,188
Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series A (RB)
0.00%, 12/15/31 (c) ^		1,500			773,211
0.00%, 12/15/56 ^		1,300			198,715
3.00%, 12/15/24 (c)		2,000			1,989,943
4.00%, 12/15/29 (c)		16,000			14,730,541
4.00%, 12/15/31 (c)		3,000			2,822,810
5.00%, 12/15/27 (c)		250			258,113

	Par
	(000’s		)	Value
Illinois (continued)
5.00%, 12/15/29 (c)	$	8,225		$	8,543,375
5.00%, 06/15/22 (c)		3,210			3,222,903
5.50%, 12/15/25 (c)		1,400			1,461,503
Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series A (RB) (NATL)
0.00%, 12/15/30 ^		475			334,343
0.00%, 12/15/34 ^		590			340,734
0.00%, 06/15/29 ^		840			635,171
0.00%, 06/15/30 ^		745			537,111
0.00%, 06/15/31 ^		125			85,808
0.00%, 06/15/34 ^		190			112,538
0.00%, 06/15/37 ^		800			405,803
0.00%, 06/15/38 ^		2,325			1,116,132
0.00%, 06/15/39 ^		115			52,183
0.00%, 06/15/40 ^		1,500			642,727
Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series B (RB)
0.00%, 12/15/54 ^		5,540			949,910
4.25%, 06/15/22 (c)		1,000			1,003,151
5.00%, 06/15/22 (c)		3,765			3,780,133
5.00%, 06/15/22 (c)		290			291,166
5.00%, 06/15/22 (c)		1,450			1,455,828
Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series B (RB) (NATL)
0.00%, 06/15/28 ^		1,080			854,613
5.70%, 06/15/23		410			425,431
Northeastern Illinois University (CP) 4.00%, 10/01/22 (c)		585			509,288
Southwestern Illinois Development Authority (RB) 5.35%, 05/31/22 (c)		230			130,530
Southwestern Illinois Development Authority, United States Steel Corp. Project (RB) 5.75%, 08/01/22 (c)		1,500			1,505,684
State of Illinois (GO)
3.50%, 06/01/26 (c)		935			929,185
3.50%, 06/01/26 (c)		175			168,390
4.00%, 01/01/26 (c)		500			503,634
4.00%, 03/01/31 (c)		1,000			944,163
4.00%, 05/01/24		660			673,928
4.00%, 06/01/26 (c)		360			351,874
4.00%, 06/01/26 (c)		270			262,217
4.00%, 06/01/26 (c)		460			440,753
4.00%, 06/01/26 (c)		1,220			1,206,452
4.00%, 06/01/26 (c)		220			219,161
4.00%, 08/01/22 (c)		150			150,816
4.12%, 11/01/26 (c)		600			605,762
4.12%, 05/31/22 (c)		160			160,263
5.00%, 01/01/26 (c)		1,200			1,231,458
5.00%, 11/01/24		200			209,594

	Par
	(000’s		)	Value
Illinois (continued)
5.00%, 12/01/24	$	820		$	859,747
5.00%, 02/01/24 (c)		375			387,200
5.00%, 02/01/24 (c)		350			361,068
5.00%, 02/01/26		2,750			2,926,237
5.00%, 02/01/27		500			537,250
5.00%, 03/01/28		805			870,326
5.00%, 03/01/31 (c)		1,500			1,624,458
5.00%, 03/01/31 (c)		1,000			1,063,533
5.00%, 04/01/24 (c)		1,470			1,513,396
5.00%, 05/01/23		335			342,986
5.00%, 05/01/24 (c)		175			179,070
5.00%, 05/01/24 (c)		100			103,164
5.00%, 05/01/24 (c)		2,005			2,073,604
5.00%, 05/01/24 (c)		5,035			5,131,294
5.00%, 05/01/24 (c)		1,025			1,061,687
5.00%, 05/01/24 (c)		275			282,532
5.00%, 05/31/22 (c)		250			250,627
5.00%, 05/31/22 (c)		100			100,246
5.00%, 05/31/22 (c)		140			140,389
5.00%, 05/31/22 (c)		305			305,726
5.00%, 06/01/26 (c)		800			851,706
5.00%, 06/01/26		125			133,485
5.00%, 06/01/26 (c)		1,040			1,100,802
5.00%, 07/01/23		475			487,895
5.00%, 08/01/22 (c)		1,830			1,846,783
5.25%, 07/01/23 (c)		510			523,994
5.25%, 07/01/23 (c)		290			297,783
5.25%, 07/01/23 (c)		550			565,116
5.50%, 07/01/23 (c)		1,165			1,201,419
5.50%, 07/01/23 (c)		560			576,108
6.00%, 05/01/25		500			541,458
6.00%, 05/01/26		880			971,704
State of Illinois (GO) (AGC)
5.50%, 05/01/30		1,500			1,673,788
5.75%, 05/01/30 (c)		3,710			4,070,876
State of Illinois Sales Tax (RB) 3.00%, 06/15/26 (c)		100			89,308
State of Illinois, Series A (GO)
4.00%, 03/01/31 (c)		1,000			933,775
4.00%, 05/31/22 (c)		100			100,147
4.00%, 05/31/22 (c)		320			320,529
5.00%, 10/01/28		500			542,125
5.00%, 12/01/27 (c)		100			104,748
5.00%, 03/01/30		2,740			2,984,682
5.00%, 03/01/31 (c)		1,250			1,308,959
5.00%, 03/01/31 (c)		3,000			3,227,987
5.00%, 04/01/23 (c)		110			111,902
5.00%, 05/01/28 (c)		365			379,778
5.00%, 05/01/28 (c)		1,000			1,047,196
5.00%, 05/01/28 (c)		270			281,239
State of Illinois, Series C (GO)
5.00%, 11/01/27 (c)		8,425			8,999,802
State of Illinois, Series D (GO)
3.25%, 11/01/26		1,755			1,747,362
5.00%, 11/01/23		1,270			1,312,300
5.00%, 11/01/25		3,955			4,196,662
5.00%, 11/01/26		12,715			13,632,984
5.00%, 11/01/27		7,000			7,557,006

	Par
	(000’s		)	Value
Illinois (continued)
5.00%, 11/01/27 (c)	$	9,700		$	10,421,539
Village of Bolingbrook, Special Service Area No. 1 (ST) 5.25%, 03/01/28 (c)		500			468,159
Village of Bridgeview (GO) 5.00%, 12/01/22 (c)		360			323,965
Will County Community High School District No. 210, Series B (GO)
0.00%, 01/01/29 ^		90			68,807
0.00%, 01/01/31 ^		245			170,075
0.00%, 01/01/33 ^		540			340,053
					394,390,700
Indiana: 0.4%
City of Anderson, Indiana Economic Development, Anderson University (RB) 4.75%, 10/01/22 (c)		215			199,441
Indiana Finance Authority Educational Facilities, Earlham College Project, Series A (RB) 5.00%, 10/01/23 (c)		50			51,308
Indiana Finance Authority, Baptist Healthcare System (RB) 5.00%, 08/15/27 (c)		4,000			4,313,053
Indiana Finance Authority, Deaconess Health System Obligated Group, Series A (RB) 5.00%, 09/01/26 (c)		1,000			1,095,488
Indiana Finance Authority, Ohio Valley Electric Corp. Project, Series A (RB) 5.00%, 06/01/22 (c)		1,620			1,621,770
Indiana Finance Authority, Ohio Valley Electric Corp. Project, Series B (RB) 3.00%, 11/01/30		3,500			3,144,082
Valparaiso, Indiana Exempt Facilities, Pratt Paper, LLC Project (RB) 5.88%, 01/01/24		400			410,397
					10,835,539
Iowa: 1.4%
City of Coralville, Marriott Hotel and Convention Center, Series E (CP) 4.00%, 06/01/24 (c)		1,025			999,415
Iowa Finance Authority, Drake West Village Project, Series A (RB) 4.50%, 06/01/26 (c)		1,500			1,159,573
Iowa Finance Authority, Iowa Fertilizer Co. Project (RB)
5.00%, 12/01/42 (c) (p)		10,000			10,272,011
5.25%, 12/01/23 (c)		5,195			5,483,343

	Par
	(000’s		)	Value
Iowa (continued)
Iowa Finance Authority, Iowa Fertilizer Co. Project, Series B (RB) 5.25%, 12/01/37 (c) (p)	$	8,550		$	9,101,895
Iowa Finance Authority, Lifespace Communities, Inc., Series A (RB)
5.00%, 05/15/27 (c)		655			660,784
5.00%, 05/15/27 (c)		4,960			4,966,460
Iowa Higher Education Loan Authority, Wartburg College Project (RB)
4.00%, 10/01/25		2,095			2,087,672
5.00%, 10/01/25 (c)		990			996,739
5.00%, 10/01/25 (c)		2,115			2,121,016
Iowa Tobacco Settlement Authority, Series A-2 (RB) 4.00%, 06/01/31 (c)		1,000			920,689
Iowa Tobacco Settlement Authority, Series B-1 (RB) 4.00%, 06/01/31 (c)		5,300			5,026,955
					43,796,552
Kansas: 0.4%
City of Hutchinson, Regional Medical Center, Inc. (RB) 5.00%, 12/01/26 (c)		250			257,571
City of Manhattan, Kansas Health Care Facilities Authority, Meadowlark Hills Retirement Community, Series A (RB) 4.00%, 06/01/28 (c)		1,000			887,803
City of Wichita, Health Care Facilities, Series III (RB) 5.00%, 05/15/26 (c)		250			247,767
Kansas Development Finance Authority, Village Shalom Project, Series A (RB) (AGC) 5.25%, 11/15/23 (c)		1,000			766,254
Overland Park, Prairiefire at LionsGate Project (RB) 6.00%, 12/15/22 (c)		2,550			1,335,831
Wyandotte County, Kansas City Unified Government, Legends Apartments Garage and West Lawn Project (RB) 4.50%, 12/01/26 (c)		850			770,582
Wyandotte County, Kansas City Unified Government, Vacation Village Project Area 1 and 2A, Series A (RB)
5.00%, 09/01/25 (c)		315			297,906
6.00%, 09/01/25 (c)		2,125			1,949,415
Wyandotte County, Kansas City Unified Government, Vacation Village Project Area 4 (RB) 0.00%, 09/01/34 ^		7,500			2,165,430

	Par
	(000’s		)	Value
Kansas (continued)
Wyandotte County-Kansas City Unified Government (RB) 5.75%, 09/01/25 (c)	$	4,565		$	4,193,900
					12,872,459
Kentucky: 0.4%
Christian County, Jennie Stuart Medical Center (RB)
5.38%, 02/01/26 (c)		1,100			1,172,597
5.50%, 02/01/26 (c)		1,000			1,065,114
Kentucky Economic Development Finance Authority, Christian Care Communities, Inc. (RB) 5.12%, 07/01/29 (c)		1,000			918,854
Kentucky Economic Development Finance Authority, Masonic Home Independent Living II, Inc., Series A (RB)
5.00%, 05/15/26 (c)		350			343,558
5.00%, 05/15/26 (c)		250			233,753
5.00%, 05/15/26 (c)		545			545,579
Kentucky Economic Development Finance Authority, Masonic Homes of Kentucky, Inc. (RB)
5.38%, 11/15/22 (c)		400			384,598
5.50%, 11/15/22 (c)		250			226,188
Kentucky Economic Development Finance Authority, Next Generation Kentucky Information Highway Project, Series A (RB) 4.25%, 07/01/25 (c)		4,365			4,483,758
Kentucky Economic Development Finance Authority, Owensboro Health System, Inc., Series A (RB)
5.00%, 06/01/26		175			188,855
5.00%, 06/01/27 (c)		990			1,056,423
5.25%, 06/01/27 (c)		750			812,588
Kentucky Economic Development Finance Authority, Owensboro Health System, Inc., Series B (RB) 5.00%, 06/01/27 (c)		500			534,525
Kentucky Municipal Power Agency, Prairie State Project, Series A (RB) (NATL) 5.00%, 09/01/23		265			273,908
Kentucky Public Transportation Infrastructure Authority, Downtown Crossing Project, Series A (RB) 5.75%, 07/01/23 (c)		335			348,754
					12,589,052

	Par
	(000’s		)	Value
Louisiana: 0.7%
Calcasieu Parish Memorial Hospital Service District (RB)
5.00%, 12/01/29 (c)	$	3,950		$	4,137,450
5.00%, 12/01/29 (c)		1,750			1,855,337
City of Shreveport, Water and Sewer Revenue, Series C (RB) (BAM)
4.00%, 12/01/28 (c)		3,235			3,370,151
4.00%, 12/01/28 (c)		1,470			1,527,857
5.00%, 12/01/25		100			108,206
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			449,315
Louisiana Local Government Environmental Facilities and Community Development Authority, CDF Healthcare of Louisiana, LLC Project, Series A (RB) 5.62%, 06/01/25 (c)		975			931,925
Louisiana Local Government Environmental Facilities and Community Development Authority, City of New Orleans Gomesa Project (RB) 4.00%, 11/01/30 (c)		2,000			1,626,741
Louisiana Local Government Environmental Facilities and Community Development Authority, Parc Fontaine Apartments, Series A (RB) 4.25%, 12/01/22 (c)		175			141,471
Louisiana Local Government Environmental Facilities and Community Development Authority, St. James Place of Baton Rouge Project, Series A (RB) 6.25%, 11/15/25 (c)		1,000			1,015,438
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			416,164
Louisiana Public Facilities Authority, Solid Waste Disposal Revenue, Louisiana Pellets, Inc. Project (RB) 7.75%, 07/01/24 (c) (d) *		1,647			16

	Par
	(000’s		)	Value
Louisiana (continued)
Louisiana Public Facilities Authority, Solid Waste Disposal Revenue, Louisiana Pellets, Inc. Project, Series A (RB)
7.50%, 07/01/23 (d) *	$	2,259		$	22
8.38%, 07/01/24 (c) (d) *		1,389			14
Parish of St James, Nustar Logistics, LP Project (RB)
5.85%, 06/01/25 (p)		750			794,684
6.35%, 06/01/30 (c)		1,000			1,140,072
Parish of St James, Nustar Logistics, LP Project, Series A (RB) 6.35%, 06/01/30 (c)		3,000			3,420,217
					20,935,080
Maine: 0.3%
Maine Finance Authority, GO Lab Madison, LLC Project (RB) 8.00%, 12/01/36 (c)		1,000			810,242
Maine Finance Authority, Solid Disposal Facility (RB) 5.38%, 12/15/26 (c) (d) *		4,500			2,475,000
Maine Health and Higher Educational Facilities Authority, Eastern Maine Medical Center Obligated Group Issue, Series A (RB)
4.00%, 07/01/26 (c)		1,270			1,220,177
5.00%, 07/01/26 (c)		645			672,950
5.00%, 07/01/26 (c)		1,000			1,055,826
Rumford, Maine Solid Waste Disposal, Boise Cascade Corp. (RB) 6.88%, 05/31/22 (c)		2,000			2,000,207
					8,234,402
Maryland: 0.9%
City of Baltimore, East Baltimore Research Park Project, Series A (RB) 5.00%, 09/01/27 (c)		500			514,798
City of Baltimore, Harbor Point Project (RB) 5.12%, 06/01/26 (c)		250			253,984
County of Prince George’s, Chesapeake Lighthouse Chapter School Project, Series A (RB) 7.00%, 11/01/25 (c)		500			529,565
Frederick County, Education Facilities Project, Series A (RB) 5.00%, 09/01/27 (c)		2,000			2,018,475
Howard County, Series A (TA) 4.50%, 02/15/26 (c)		500			474,898
Maryland Economic Development Corp., CNX Marine Terminal, Inc. Port of Baltimore Facility (RB) 5.75%, 05/31/22 (c)		7,785			7,802,149

	Par
	(000’s		)	Value
Maryland (continued)
Maryland Economic Development Corp., Metro Centre at Owings Mills Project (TA)
3.75%, 01/01/27 (c)	$	100		$	99,624
4.38%, 01/01/27 (c)		470			469,385
4.50%, 01/01/27 (c)		530			523,504
Maryland Economic Development Corp., Port Covington Project (TA)
3.25%, 09/01/30		500			466,769
4.00%, 09/01/30 (c)		500			465,738
4.00%, 09/01/30 (c)		6,500			5,732,930
Maryland Health and Higher Educational Facilities Authority, Adventist Healthcare, Inc., Series A (RB) 5.50%, 01/01/27 (c)		2,000			2,155,272
Maryland Health and Higher Educational Facilities Authority, Mercy Medical Center, Series A (RB)
4.00%, 07/01/26 (c)		400			400,866
5.00%, 07/01/26 (c)		250			265,432
Maryland Health and Higher Educational Facilities Authority, Meritus Medical Center (RB)
4.00%, 07/01/25 (c)		210			216,769
4.25%, 07/01/25 (c)		145			150,560
5.00%, 07/01/25 (c)		500			529,101
5.00%, 07/01/25 (c)		1,500			1,580,830
5.00%, 07/01/25 (c)		625			664,168
Maryland Health and Higher Educational facilities, Stevenson University, Series A (RB) 4.00%, 06/01/31 (c)		750			708,761
Prince George County, Collington Episcopal Life Care Community, Inc. (RB)
5.25%, 04/01/27 (c)		1,000			967,103
5.25%, 04/01/27 (c)		1,000			932,922
Prince George’s County, Suitland-Naylor Road Project (TA) 4.75%, 01/01/26 (c)		500			512,115
					28,435,718
Massachusetts: 1.0%
Collegiate Charter School of Lowell (RB) 5.00%, 06/15/26 (c)		365			368,628
Commonwealth of Massachusetts (RB) (NATL) 5.50%, 01/01/25		1,220			1,304,999
Massachusetts Development Finance Agency, Ascentria Care Alliance Project (RB)
5.00%, 07/01/28 (c)		1,000			889,655

	Par
	(000’s		)	Value
Massachusetts (continued)
5.00%, 07/01/28 (c)	$	1,300		$	1,181,521
5.00%, 07/01/28 (c)		1,000			957,140
Massachusetts Development Finance Agency, Boston Medical Center Issue , Series D (RB)
4.00%, 07/01/25 (c)		285			286,563
5.00%, 07/01/25 (c)		2,105			2,195,219
Massachusetts Development Finance Agency, Boston Student Housing Project (RB) 5.00%, 10/01/26 (c)		1,000			1,018,955
Massachusetts Development Finance Agency, Emerson College (RB) 5.00%, 01/01/25 (c)		500			521,462
Massachusetts Development Finance Agency, Emmanuel College, Series A (RB) 5.00%, 10/01/26 (c)		1,035			1,097,245
Massachusetts Development Finance Agency, Lasell University (RB) 4.00%, 07/01/31 (c)		1,000			899,183
Massachusetts Development Finance Agency, Lawrence General Hospital (RB)
5.00%, 07/01/27 (c)		1,000			895,324
5.00%, 07/01/27 (c)		1,900			1,601,879
Massachusetts Development Finance Agency, Lawrence General Hospital, Series A (RB) 5.25%, 07/01/24 (c)		350			326,393
Massachusetts Development Finance Agency, Linden Ponds, Inc. Facility (RB)
5.00%, 11/15/25 (c)		500			525,556
5.12%, 11/15/25 (c)		500			527,933
Massachusetts Development Finance Agency, Newbridge on the Charles, Inc. (RB)
4.00%, 10/01/22 (c)		1,000			1,054,139
5.00%, 10/01/22 (c)		3,820			4,041,470
5.00%, 10/01/22 (c)		1,400			1,481,470
Massachusetts Development Finance Agency, Springfield College Issue, Series A (RB) (AGM) 4.00%, 06/01/30 (c)		5			4,648
Massachusetts Development Finance Agency, UMass Boston Student Housing Project (RB) 5.00%, 10/01/26 (c)		1,930			1,979,786

	Par
	(000’s		)	Value
Massachusetts (continued)
Massachusetts Development Finance Agency, UMass Dartmouth Student Housing Project (RB) 5.00%, 10/01/28 (c)	$	4,000		$	4,012,874
Massachusetts Development Finance Agency, UMass Memorial Health Care Obligated Group Issue, Series I (RB)
5.00%, 07/01/26 (c)		510			538,524
5.00%, 07/01/26 (c)		190			204,225
Massachusetts Development Finance Agency, Wellforce Issue, Series A (RB) 5.00%, 01/01/29 (c)		1,000			1,084,057
					28,998,848
Michigan: 0.7%
Calhoun County Hospital Finance Authority, Oaklawn Hospital (RB) 5.00%, 02/15/27 (c)		290			306,582
City of Detroit County of Wayne, State of Michigan (GO)
5.50%, 04/01/30 (c)		250			272,151
5.50%, 04/01/30 (c)		1,000			1,082,796
Flint Hospital Building Authority, Hurley Medical Center (RB) 4.00%, 07/01/30 (c)		500			492,475
Flint Hospital Building Authority, Hurley Medical Center, Series B (RB) 4.75%, 07/01/23 (c)		425			432,648
Grand Rapids Economic Development Corp., Beacon Hill at EastGate Project, Series A (RB) 5.00%, 11/01/24 (c)		500			505,259
Michigan Finance Authority, Presbyterian Villages of Michigan (RB)
5.25%, 11/15/25 (c)		250			252,399
5.50%, 11/15/25 (c)		300			302,192
Michigan Finance Authority, Public Lighting Authority Local Project, Series B (RB)
5.00%, 07/01/23		110			112,668
5.00%, 07/01/24 (c)		215			219,084
5.00%, 07/01/24 (c)		3,575			3,630,122
Michigan Finance Authority, Public Lighting Authority Local Project, Series B (RB) (AGM) 5.00%, 07/01/24 (c)		165			170,623
Michigan Finance Authority, Series B-1 (RB) 5.00%, 12/01/30 (c)		4,000			4,158,204

	Par
	(000’s		)	Value
Michigan (continued)
Michigan Finance Authority, Thomas M. Cooley Law School Project (RB) 5.00%, 07/01/24 (c)	$	795		$	813,242
Michigan Finance Authority, Tobacco Settlement Bonds, Series B-2 (RB) 0.00%, 12/01/30 (c) ^		15,500			1,601,051
Michigan Municipal Bond Authority, Series C (RB) (AMBAC) 4.75%, 05/31/22 (c)		1,000			1,033,353
Michigan State Building Authority, Series F (RB) 4.00%, 10/01/24		100			100,691
Michigan Strategic Fund, Evangelical Homes Project (RB)
5.25%, 06/01/22 (c)		2,650			2,651,083
5.50%, 06/01/22 (c)		2,000			2,000,294
Michigan Strategic Fund, I-75 Improvement Project (RB)
5.00%, 12/31/28 (c)		1,250			1,277,054
5.00%, 12/31/28 (c)		700			728,275
5.00%, 12/31/28 (c)		600			627,939
Michigan Tobacco Settlement Finance Authority, Series B (RB) 0.00%, 05/16/22 (c) ^		260			28,775
					22,798,960
Minnesota: 0.9%
Chippewa County, Chippewa County-Montevideo Hospital Project (RB) 4.00%, 03/01/26 (c)		135			129,715
City of Anoka, Homestead at Anoka, Inc. Project (RB) 4.25%, 11/01/24 (c)		500			489,925
City of Bethel, The Lodge at the Lakes at Stillwater Project (RB)
5.00%, 06/01/23 (c)		350			330,039
5.00%, 06/01/23 (c)		500			436,224
5.00%, 06/01/23 (c)		750			665,216
City of Blaine, Crest View Senior Communities Project, Series A (RB)
5.75%, 07/01/25 (c)		1,975			1,590,938
6.12%, 07/01/25 (c)		400			312,417
6.12%, 07/01/25 (c)		1,055			802,725
City of Brooklyn Center, Minnesota Multifamily Housing, Series A (RB) 5.50%, 05/31/22 (c)		1,900			1,259,406
City of Brooklyn Park, Charter School, Athlos Leadership Academy Project, Series A (RB)
5.50%, 07/01/25 (c)		245			246,531

	Par
	(000’s		)	Value
Minnesota (continued)
5.50%, 07/01/25 (c)	$	250		$	253,158
5.75%, 07/01/25 (c)		500			504,404
City of Crookston, Health Care Facilities, Riverview Health Project (RB)
5.00%, 05/01/29 (c)		3,000			2,898,972
5.00%, 05/01/29 (c)		2,000			1,831,581
City of Deephaven, Charter School, Eagle Ridge Academy Project, Series A (RB)
5.25%, 07/01/25 (c)		500			513,275
5.50%, 07/01/25 (c)		1,000			1,027,315
City of Forest Lake, International Language Academy, Series A (RB) (SAW) 5.38%, 08/01/27 (c)		500			515,527
City of Ham Lake, Charter School, DaVinci Academy Project, Series A (RB) 5.00%, 07/01/24 (c)		750			760,914
City of Maple Grove, Minnesota Health Care Facilities (RB) 3.38%, 05/01/27 (c)		115			114,365
City of Minneapolis, Charter School, Hiawatha Academies Project, Series A (RB) 5.00%, 07/01/24 (c)		500			502,202
City of St Louis Park MN (RB) (AMBAC) 6.00%, 07/01/27 (d) (p) *		2,000			1,900,000
City of St. Paul Park, Health Care Facilities, Presbyterian Homes Interlude Transitional Care (RB) 5.00%, 05/01/23 (c)		1,000			1,014,139
City of St. Paul, Housing and Redevelopment Authority, Series A (RB) 5.75%, 09/01/26 (c)		325			340,141
City of Wayzata, Folkestone Senior Living Community (RB) 4.00%, 08/01/24 (c)		350			312,395
City of West St. Paul, Housing and Health Care Facilities, Walker Westwood Ridge Campus Project (RB) 5.00%, 11/01/25 (c)		500			431,867
Duluth Independent School District No. 709, Series A (CP) 4.20%, 03/01/27 (c)		665			629,271
Minnesota Higher Education Facilities Authority, Augsburg College, Series A (RB) 5.00%, 05/01/26 (c)		3,730			3,739,350
Minnesota Higher Education Facilities Authority, Augsburg College, Series B (RB) 4.25%, 05/20/22 (c)		1,000			917,246

	Par
	(000’s		)	Value
Minnesota (continued)
Saint Paul, Minnesota Housing and Redevelopment Authority, Episcopal Homes Project (RB) 5.00%, 05/01/23 (c)	$	1,500		$	1,503,596
Township of Baytown, St. Croix Preparatory Academy Project, Series A (RB) 4.00%, 08/01/26 (c)		250			228,823
					26,201,677
Mississippi: 0.1%
Mississippi Development Bank, Magnolia Regional Health Center Project (RB) 4.00%, 10/01/31 (c)		3,500			3,424,005
Mississippi Development Bank, Water and Sewer System (RB) (AGM) 6.88%, 12/01/23 (c)		1,000			1,053,104
					4,477,109
Missouri: 0.9%
Boone County, Boone Hospital Center (RB)
3.00%, 08/01/26 (c)		410			371,641
4.00%, 08/01/26 (c)		565			565,068
5.00%, 08/01/26 (c)		1,000			1,068,560
5.00%, 08/01/26 (c)		1,000			1,064,723
Cape Girardeau County Industrial Development Authority, Missouri Health Facilities (RB) 3.00%, 03/01/31 (c)		3,750			2,911,243
Cape Girardeau County Industrial Development Authority, Series A (RB) 5.00%, 03/01/27 (c)		1,000			1,062,827
City of Blue Springs, Adams Farm Project, Series A (TA) 4.00%, 06/01/24 (c)		175			169,097
City of Lees Summit (TA) 4.88%, 11/01/27 (c)		2,500			2,130,925
City of Liberty, Liberty Commons Project, Series A (TA) 5.75%, 06/01/25 (c)		500			474,436
City of Nevada, Regional Medical Center (RB) (ACA) 4.30%, 05/31/22 (c)		40			38,063
City of St. Ann, Northwest Plaza Redevelopment Project, Series A (TA) 4.62%, 11/01/27 (c)		1,000			979,037
City of St. Louis, Industrial Development Authority, Ballpark Village Development Project, Series A (RB) 4.38%, 11/15/26 (c)		250			212,715

	Par
	(000’s		)	Value
Missouri (continued)
Health and Educational Facilities Authority, Lutheran Senior Services Projects, Series C (RB) 4.00%, 02/01/29 (c)	$	475		$	453,703
I-470 Western Gateway Transportation Development District, Series A (RB)
4.50%, 12/01/26 (c)		400			403,919
5.25%, 12/01/26 (c)		1,100			1,121,894
Kansas City Industrial Development Authority, Methodist Retire Home, Series B (RB) 5.00%, 11/15/46		5,352			4,307,064
Kansas City Land Clearance Redevelopment Authority, Convention Center Hotel Project, Series B (TA) (AGM) 5.00%, 02/01/28 (c)		4,475			3,675,594
Kansas City Missouri, International Airport Terminal Modernization Project, Series B (RB) (AMBAC) 5.00%, 03/01/29 (c)		1,000			1,071,313
Kirkwood Industrial Development Authority, Missouri Retirement Community, Series A (RB) 5.25%, 05/15/27 (c)		500			505,492
Lees Summit Industrial Development Authority, John Knox Village, Series A (RB)
5.00%, 08/15/24 (c)		1,550			1,589,495
5.00%, 08/15/25 (c)		2,000			2,044,183
Rolla Industrial Development Authority, Westside Marketplace Redevelopment Project, Series A (TA) 5.38%, 05/01/25 (c)		860			781,181
St. Joseph Industrial Development Authority, Missouri Healthcare, Series A (RB) 5.00%, 01/01/26 (c)		1,000			876,689
St. Louis County, Industrial Development Authority, Friendship Village St. Louis Obligated Group, Series A (RB) 5.00%, 09/01/25 (c)		500			511,667
St. Louis County, Industrial Development Authority, St. Andrew’s Resources, Series A (RB) 5.00%, 12/01/25 (c)		150			153,293
					28,543,822

	Par
	(000’s		)	Value
Montana: 0.0%
Montana Facility Finance Authority, Kalispell Regional Medical Center, Series B (RB) 4.12%, 07/01/28 (c)	$	500		$	503,481
Nebraska: 0.2%
Central Plains Energy Project, Gas Project Crossover No. 3, Series A (RB) 5.00%, 09/01/36		500			555,349
Central Plains Energy Project, Gas Project Crossover, Series A (RB)
5.00%, 09/01/34		1,000			1,112,650
5.00%, 09/01/42		2,850			3,125,775
					4,793,774
Nevada: 0.3%
City of Las Vegas, Special Improvement District No. 814 (SA)
4.00%, 06/01/29 (c)		555			499,876
4.00%, 06/01/29 (c)		250			230,933
City of Reno, Sales Tax, Transportation Rail Access Corridor Project (RB) (AGM) 0.00%, 07/01/38 (c) ^		6,000			676,489
City of Reno, Tax Increment Senior Lien, Series C (TA) 5.40%, 05/31/22 (c)		1,380			1,215,739
Clark County, Nevada Airport System Subordinate Lien, Series A-2 (RB) 5.00%, 07/01/27 (c)		1,050			1,135,935
Clark County, Nevada School District, Series B (GO) (BAM) 3.00%, 06/15/31 (c)		2,000			1,794,520
Clark County, Special Improvement District No. 159 (SA) 5.00%, 08/01/25 (c)		170			173,906
Henderson Local Improvement District No. T-18 (SA) 4.00%, 09/01/26 (c)		625			598,067
North Las Vegas, Special Improvement District No. 64 (SA) 4.62%, 12/01/28 (c)		235			234,151
North Las Vegas, Special Improvement District No. 64 (SA) (SAW) 4.62%, 12/01/28 (c)		485			487,819
State of Nevada, Department of Business and Industry, Somerset Academy, Series A (RB)
5.00%, 12/15/25 (c)		1,000			1,035,363
5.00%, 12/15/25 (c)		400			412,512
5.00%, 12/15/25 (c)		500			509,404
5.12%, 12/15/25 (c)		1,000			1,023,948
					10,028,662

	Par
	(000’s		)	Value
New Hampshire: 0.4%
National Finance Authority, Ascentria Care Alliance Project (RB) 5.00%, 07/01/28 (c)	$	1,220		$	1,099,176
National Finance Authority, Covanta Project, Series B (RB) 4.62%, 07/01/23 (c)		4,000			3,843,731
National Finance Authority, Resource Recovery, Series A (RB) 3.62%, 07/02/40 (c) (p)		5			4,276
National Finance Authority, Springpoints Living Project (RB) 4.00%, 01/01/26 (c)		2,000			1,824,728
National Finance Authority, The Vista Project, Series A (RB)
5.62%, 07/01/25 (c)		1,600			1,551,588
5.75%, 07/01/25 (c)		2,750			2,675,172
New Hampshire Health and Education Facilities Authority, Hillside Village, Series A (RB)
6.12%, 07/01/24 (c) (d) *		1,500			750,000
6.12%, 07/01/24 (c) (d) *		1,000			500,000
6.25%, 07/01/24 (c) (d) *		500			250,000
					12,498,671
New Jersey: 7.2%
Camden County, New Jersey Improvement Authority, Series A (RB) 5.00%, 02/15/24 (c)		150			156,072
Casino Reinvestment Development Authority (RB)
5.25%, 11/01/24 (c)		1,410			1,466,733
5.25%, 11/01/24 (c)		2,450			2,543,660
City of Atlantic City, New Jersey (GO) 5.00%, 12/01/23 (c)		65			65,283
Gloucester County, Pollution Control Financing Authority, Series A (RB) 5.00%, 12/01/24		1,395			1,448,576
New Jersey Economic Development Authority (RB) 4.00%, 12/15/30 (c)		1,000			944,723
New Jersey Economic Development Authority, Bancroft Neurohealth Project, Series A (RB) 5.00%, 06/01/26 (c)		470			483,055
New Jersey Economic Development Authority, Continental Airlines, Inc. Project (RB)
5.12%, 08/20/22 (c)		4,870			4,951,867
5.25%, 08/20/22 (c)		1,000			1,014,664
5.50%, 06/20/23 (c)		60			61,962
5.62%, 03/05/24 (c)		285			298,585
5.62%, 03/05/24 (c)		2,035			2,131,999

	Par
	(000’s		)	Value
New Jersey (continued)
5.75%, 09/15/22 (c)	$	4,825		$	4,865,075
New Jersey Economic Development Authority, Health Department and Taxation Division Office Project, Series A (RB)
5.00%, 12/15/27 (c)		1,130			1,192,512
5.00%, 12/15/27 (c)		500			522,905
New Jersey Economic Development Authority, Kapkowski Road Landfill Reclamation Improvement District Project (SA) 5.75%, 04/01/31		55			52,239
New Jersey Economic Development Authority, Lions Gate Project (RB)
4.88%, 01/01/24 (c)		655			652,199
5.00%, 01/01/24 (c)		500			487,040
New Jersey Economic Development Authority, Motor Vehicle Surcharges, Series A (RB)
4.00%, 07/01/27 (c)		2,000			1,982,049
4.00%, 07/01/27 (c)		1,640			1,653,414
5.00%, 07/01/27 (c)		1,890			2,017,188
New Jersey Economic Development Authority, Motor Vehicle Surcharges, Series B (RB) (XLCA) 0.00%, 07/01/26 ^		515			448,321
New Jersey Economic Development Authority, New Jersey Transit Corp. Project, Series A (RB) 4.00%, 11/01/27		1,250			1,299,027
New Jersey Economic Development Authority, New Jersey Transit Corp. Project, Series B (RB)
4.00%, 11/01/25		120			124,157
5.00%, 11/01/24		500			525,829
New Jersey Economic Development Authority, New Jersey Transit Transportation Project, Series A (RB) (AGM) 5.00%, 11/01/29 (c)		2,000			2,164,773
New Jersey Economic Development Authority, Rowan University Student Housing Project, Series A (RB) 5.00%, 01/01/25 (c)		1,000			1,005,124
New Jersey Economic Development Authority, School Facilities Construction, Series AAA (RB)
5.00%, 12/15/26 (c)		305			325,395
5.00%, 12/15/26 (c)		725			773,986
5.00%, 12/15/26 (c)		2,185			2,307,544

	Par
	(000’s		)	Value
New Jersey (continued)
New Jersey Economic Development Authority, School Facilities Construction, Series BBB (RB)
4.75%, 12/15/26 (c)	$	2,545		$	2,791,648
5.50%, 12/15/26 (c)		165			186,353
New Jersey Economic Development Authority, School Facilities Construction, Series DDD (RB)
4.00%, 06/15/27 (c)		1,000			982,197
5.00%, 06/15/27 (c)		780			869,417
New Jersey Economic Development Authority, School Facilities Construction, Series II (RB)
5.00%, 05/25/22 (c)		10			10,038
5.00%, 05/25/22 (c)		470			470,704
New Jersey Economic Development Authority, School Facilities Construction, Series KK (RB) 5.00%, 09/01/22 (c)		125			125,977
New Jersey Economic Development Authority, School Facilities Construction, Series LLL (RB)
5.00%, 12/15/29 (c)		1,000			1,047,014
5.00%, 12/15/29 (c)		600			640,671
5.00%, 12/15/29 (c)		2,125			2,258,334
New Jersey Economic Development Authority, School Facilities Construction, Series MMM (RB) 4.00%, 12/15/29 (c)		500			493,625
New Jersey Economic Development Authority, School Facilities Construction, Series NN (RB)
5.00%, 03/01/23 (c)		15			15,278
5.00%, 03/01/23 (c)		1,750			1,783,084
5.00%, 03/01/23 (c)		1,565			1,595,565
5.00%, 03/01/23 (c)		285			292,089
5.00%, 03/01/23 (c)		1,335			1,359,947
New Jersey Economic Development Authority, School Facilities Construction, Series PP (RB)
5.00%, 06/15/24 (c)		100			104,402
5.00%, 06/15/24 (c)		580			611,269
5.00%, 06/15/24 (c)		920			960,498
5.00%, 06/15/24 (c)		140			147,548
New Jersey Economic Development Authority, School Facilities Construction, Series QQQ (RB)
4.00%, 12/15/29 (c)		205			191,516
4.00%, 12/15/30 (c)		2,690			2,648,670
4.00%, 12/15/30 (c)		600			587,083

	Par
	(000’s		)	Value
New Jersey (continued)
4.00%, 12/15/30 (c)	$	600		$	581,675
4.00%, 12/15/30 (c)		700			691,075
4.00%, 12/15/30 (c)		2,380			2,316,513
New Jersey Economic Development Authority, School Facilities Construction, Series RR (RB) 5.00%, 06/15/24 (c)		620			653,426
New Jersey Economic Development Authority, School Facilities Construction, Series UU (RB)
5.00%, 06/15/24 (c)		2,500			2,570,706
5.00%, 06/15/24 (c)		875			904,607
New Jersey Economic Development Authority, School Facilities Construction, Series WW (RB)
5.00%, 06/15/25 (c)		765			802,960
5.00%, 06/15/25 (c)		680			714,228
5.00%, 06/15/25 (c)		1,235			1,297,824
5.00%, 06/15/25 (c)		630			659,134
5.25%, 06/15/25 (c)		1,055			1,141,691
5.25%, 06/15/25 (c)		435			463,845
New Jersey Economic Development Authority, School Facilities Construction, Series XX (RB)
4.00%, 06/15/24		220			225,345
4.25%, 06/15/25 (c)		885			918,527
4.38%, 06/15/25 (c)		420			436,599
5.00%, 06/15/24		1,080			1,128,274
5.00%, 06/15/25 (c)		105			111,411
New Jersey Economic Development Authority, Stevens Institute of Technology, Series A (RB) 3.00%, 07/01/30 (c)		1,000			773,063
New Jersey Economic Development Authority, The Goethals Bridge Replacement Project (RB)
5.12%, 01/01/24 (c)		350			359,764
5.25%, 01/01/24 (c)		1,000			1,037,402
5.38%, 01/01/24 (c)		900			925,327
5.50%, 01/01/24 (c)		500			520,103
New Jersey Economic Development Authority, United Airlines Inc. (RB) 5.50%, 05/31/22 (c)		1,000			1,000,438
New Jersey Economic Development Authority, West Campus Housing, LLC - New Jersey City University Student Housing Project, Series A (RB)
4.12%, 07/01/25 (c)		150			140,327
5.00%, 07/01/25 (c)		2,065			2,035,585

	Par
	(000’s		)	Value
New Jersey (continued)
New Jersey Educational Facilities Authority, Higher Education Facilities Trust (RB)
5.00%, 06/15/23	$	515		$	530,837
5.00%, 06/15/24		1,565			1,634,953
New Jersey Educational Facilities Authority, Higher Educational Capital Improvement, Series A (RB) 5.00%, 09/01/24 (c)		330			345,793
New Jersey Educational Facilities Authority, Rider University, Series F (RB) 5.00%, 07/01/27 (c)		1,490			1,458,519
New Jersey Health Care Facilities Financing Authority, Hospital Asset Transformation Program (RB)
5.00%, 10/01/25		1,000			1,066,361
5.00%, 04/01/28 (c)		500			543,862
5.00%, 04/01/28 (c)		1,000			1,061,647
New Jersey Health Care Facilities Financing Authority, St. Peter’s University System (RB) 6.00%, 05/31/22 (c)		170			170,280
New Jersey Transportation Trust Fund Authority, Series A (RB)
0.00%, 12/15/25 ^		230			202,766
0.00%, 12/15/25 ^		270			238,030
0.00%, 12/15/26 ^		575			487,341
0.00%, 12/15/28 ^		4,440			3,454,427
0.00%, 12/15/29 ^		1,905			1,417,955
0.00%, 12/15/30 ^		3,210			2,282,471
0.00%, 12/15/32 ^		2,500			1,609,047
0.00%, 12/15/33 ^		1,190			726,861
0.00%, 12/15/33 ^		705			430,620
0.00%, 12/15/34 ^		1,265			734,174
0.00%, 12/15/34 ^		915			531,043
0.00%, 12/15/35 ^		1,535			845,684
0.00%, 12/15/37 ^		1,115			553,877
0.00%, 12/15/38 ^		605			284,358
0.00%, 12/15/38 ^		1,500			705,021
4.00%, 12/15/28 (c)		695			706,793
4.00%, 06/15/31 (c)		3,140			3,099,966
5.00%, 12/15/26		2,850			3,084,148
5.00%, 12/15/28 (c)		6,400			6,834,462
5.00%, 12/15/28 (c)		1,500			1,594,475
5.00%, 12/15/28 (c)		1,240			1,329,435
5.00%, 12/15/28		200			219,230
5.00%, 12/15/28 (c)		2,070			2,233,609
5.00%, 12/15/29 (c)		385			409,157
5.00%, 06/15/22 (c)		6,835			6,864,918
5.00%, 06/15/24		1,100			1,149,169
5.00%, 06/15/31 (c)		1,370			1,478,051
5.00%, 06/15/31		1,000			1,097,264
5.00%, 06/15/31 (c)		1,600			1,741,347
5.25%, 12/15/23		100			104,101

	Par
	(000’s		)	Value
New Jersey (continued)
5.50%, 12/15/23	$	205		$	214,212
New Jersey Transportation Trust Fund Authority, Series A (RB) (BAM) 4.25%, 12/15/28 (c)		1,180			1,184,369
New Jersey Transportation Trust Fund Authority, Series AA (RB)
3.75%, 12/15/28 (c)		525			511,384
4.00%, 12/15/30 (c)		7,000			6,650,308
4.00%, 06/15/22 (c)		220			220,695
4.25%, 06/15/24 (c)		1,045			1,033,987
4.50%, 12/15/28 (c)		4,600			4,621,140
4.75%, 06/15/25 (c)		1,375			1,402,755
4.75%, 06/15/25 (c)		150			153,469
5.00%, 12/15/30 (c)		2,000			2,109,569
5.00%, 06/15/22 (c)		425			426,835
5.00%, 06/15/22 (c)		265			266,144
5.00%, 06/15/22 (c)		2,375			2,385,254
5.00%, 06/15/22 (c)		5,810			5,835,085
5.00%, 06/15/23 (c)		135			138,356
5.00%, 06/15/23 (c)		640			653,163
5.00%, 06/15/23 (c)		200			205,008
5.00%, 06/15/23 (c)		1,330			1,354,571
5.00%, 06/15/24 (c)		1,620			1,670,967
5.00%, 06/15/24 (c)		1,195			1,226,346
5.00%, 06/15/25 (c)		665			689,505
5.00%, 06/15/25 (c)		340			352,268
5.25%, 12/15/28 (c)		5,040			5,369,077
5.25%, 06/15/23 (c)		925			948,299
5.25%, 06/15/23 (c)		130			133,126
5.25%, 06/15/25 (c)		505			529,093
New Jersey Transportation Trust Fund Authority, Series BB (RB)
4.00%, 12/15/28 (c)		1,140			1,122,485
4.00%, 12/15/31 (c)		5,000			4,723,612
5.00%, 12/15/28 (c)		505			552,080
5.00%, 12/15/28 (c)		1,000			1,087,875
5.00%, 06/15/31 (c)		1,500			1,632,512
New Jersey Transportation Trust Fund Authority, Series C (RB) 5.25%, 12/15/24 (c)		2,245			2,355,773
New Jersey Transportation Trust Fund Authority, Series C (RB) (AMBAC)
0.00%, 12/15/24 ^		430			395,707
0.00%, 12/15/25 ^		250			221,813
0.00%, 12/15/26 ^		1,210			1,033,944
0.00%, 12/15/28 ^		185			145,532
0.00%, 12/15/35 ^		5,475			3,081,373
New Jersey Transportation Trust Fund Authority, Series C (RB) (NATL) 0.00%, 12/15/31 ^		365			250,251

	Par
	(000’s		)	Value
New Jersey (continued)
New Jersey Transportation Trust Fund Authority, Series D (RB)
5.00%, 12/15/24	$	960		$	1,011,859
5.00%, 12/15/24 (c)		1,620			1,689,858
5.25%, 12/15/23		675			702,681
Newark Housing Port Authority, Marine Terminal Redevelopment Project (RB) (NATL) 5.25%, 01/01/27		100			108,188
South Jersey Port Corp., Marine Terminal, Series B (RB)
5.00%, 01/01/28 (c)		360			378,181
5.00%, 01/01/28 (c)		2,000			2,068,735
5.00%, 01/01/28 (c)		1,000			1,026,633
5.00%, 01/01/28 (c)		750			784,487
South Jersey Transportation Authority, Series A (RB) (BAM) 5.00%, 11/01/30 (c)		500			556,488
Tobacco Settlement Financing Corp., Series A (RB) 5.00%, 06/01/28 (c)		5,410			5,686,211
Tobacco Settlement Financing Corp., Series B (RB) 5.00%, 06/01/28 (c)		12,330			12,874,042
					217,586,089
New Mexico: 0.1%
New Mexico Hospital Equipment Loan Council, Haverland Carter Lifestyle Group -LA Vida Llena Expansion Project, Series A (RB) 5.00%, 07/01/26 (c)		4,480			4,343,710
New York: 8.8%
Brooklyn Arena Local Development Corp., Barclays Center (RB)
0.00%, 07/15/32 ^		395			253,902
0.00%, 07/15/33 ^		370			226,503
0.00%, 07/15/47 ^		180			54,738
Brooklyn Arena Local Development Corp., Barclays Center, Series A (RB)
5.00%, 01/15/27 (c)		5,040			5,286,737
5.00%, 07/15/26		345			371,176
Build NYC Resource Corp., Brooklyn Navy Yard Cogeneration Partners, L.P. Project (RB)
5.00%, 12/31/28		5,610			5,528,525
5.25%, 12/31/28 (c)		9,700			9,363,075
5.50%, 12/31/28 (c)		4,700			4,407,809
Build NYC Resource Corp., Metropolitan College of New York Project (RB) 5.25%, 11/01/24 (c)		250			261,581

	Par
	(000’s		)	Value
New York (continued)
Build NYC Resource Corp., Pratt Paper, Inc. Project (RB) 5.00%, 11/01/24 (c)	$	1,560		$	1,607,897
Build NYC Resource Corp., Richmond University Medical Center Project, Series A (RB) 5.62%, 12/01/28 (c)		5,200			5,309,937
Build NYC Resource Corp., Shefa School Project, Series A (RB) (SAW) 5.00%, 06/15/31 (c)		2,000			2,039,512
Build NYC Resource Corporation, New World Preparatory Chapter School Project, Series A (RB) 4.00%, 06/15/31		300			289,743
City of Albany Capital Resources Corp., College of Saint Rose Project (RB) 4.00%, 07/01/31 (c)		1,000			850,055
City of Troy Capital Resource Corp., Series A (RB) 4.00%, 09/01/30 (c)		1,250			1,231,860
Dormitory Authority of the State of New York, Montefiore Medical Center, Series A (RB)
4.00%, 08/01/28 (c)		2,000			1,935,058
4.00%, 08/01/28 (c)		2,000			1,910,957
4.00%, 08/01/28 (c)		1,000			960,071
Dutchess County Local Development Corp., Bard College Project, Series A (RB)
5.00%, 07/01/30 (c)		1,500			1,578,929
5.00%, 07/01/30 (c)		8,370			8,687,467
5.00%, 07/01/30 (c)		1,000			1,043,496
Dutchess County Local Development Corp., Health Quest System, Inc., Series B (RB) 5.00%, 07/01/26 (c)		910			960,896
Erie Tobacco Asset Securitization Corp., Series A (RB) 5.00%, 05/31/22 (c)		5			5,121
Erie Tobacco Asset Securitization Corp., Series C (RB) 0.00%, 05/31/22 (c) ^		19,750			2,434,154
Glen Cove Local Economic Assistance Corp., Garvies Point Public Improvement Project, Series A (RB) 5.00%, 01/01/27 (c)		2,050			1,985,016
Metropolitan Transportation Authority, Series A (RB) 4.00%, 05/15/30 (c)		3,500			3,309,562

	Par
	(000’s		)	Value
New York (continued)
Monroe County Industrial Development Corp., Rochester regional Health Project, Series A (RB)
3.00%, 12/01/30 (c)	$	5		$	3,845
5.00%, 12/01/30 (c)		500			562,943
Nassau County Tobacco Settlement Corp., Series A-2 (RB) 5.25%, 05/16/22 (c)		3,285			3,365,563
Nassau County Tobacco Settlement Corp., Series A-3 (RB) 5.12%, 05/16/22 (c)		3,905			3,964,700
New Rochelle Industrial Development Agency (RB)
5.25%, 07/01/22 (c) (d) *		1,352			27,032
5.50%, 07/01/19 (c) (d) *		62			1,238
New York City Housing Development Corp., Multi- Family Housing, Series F (RB) 4.50%, 05/15/24 (c)		4,500			4,445,151
New York City Industrial Development Agency, Queens Baseball Stadium Project, Series A (RB) (AGM) 3.00%, 01/01/31 (c)		1,000			811,819
New York Counties Tobacco Trust IV, Series A (RB)
0.00%, 05/16/22 (c) ^		46,000			3,326,816
0.00%, 05/16/22 (c) ^		1,640			634,147
3.75%, 06/01/26 (c)		500			415,573
5.00%, 05/16/22 (c)		5			4,991
New York Counties Tobacco Trust IV, Series E (RB) 0.00%, 05/16/22 (c) ^		5			351
New York Counties Tobacco Trust VI (RB) 5.00%, 06/01/26 (c)		2,000			2,051,786
New York Liberty Development Corp., 3 World Trade Center Project (RB)
5.00%, 11/15/24 (c)		22,275			22,511,919
5.15%, 11/15/24 (c)		5,710			5,847,262
5.38%, 11/15/24 (c)		3,700			3,790,874
7.25%, 11/15/24 (c)		10,000			10,232,977
New York Liberty Development Corp., 4 World Trade Center Project, Series A (RB) 2.88%, 11/15/31 (c)		1,000			774,706
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			6,464,120
New York State Dormitory Authority, CUNY Student Housing Project (RB) (AMBAC) 5.50%, 07/01/35		480			520,822

	Par
	(000’s		)	Value
New York (continued)
New York State Dormitory Authority, Fit Student Housing Corp. (RB) (NATL) 5.25%, 07/01/31	$	150		$	156,022
New York State Dormitory Authority, Montefiore Obligated Group, Series A (RB)
5.00%, 08/01/27		3,500			3,688,248
5.00%, 08/01/28 (c)		800			840,029
New York State Dormitory Authority, Pace University, Series A (RB) 4.25%, 05/01/23 (c)		200			200,479
New York State Dormitory Authority, Series A (RB) 5.00%, 01/01/27 (c)		1,370			1,474,671
New York State Dormitory Authority, Yeshiva University, Series A (RB) 5.00%, 05/31/22 (c)		50			48,474
New York Transportation Development Corp., American Airlines, Inc. John F. Kennedy International Airport Project (RB)
2.25%, 08/01/26		2,000			1,870,875
5.00%, 05/20/22 (c)		8,640			8,544,936
5.00%, 05/20/22 (c)		7,350			7,307,860
5.25%, 08/01/30 (c)		3,050			3,225,215
5.38%, 08/01/30 (c)		2,650			2,912,281
New York Transportation Development Corp., Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment Project (RB)
4.00%, 10/01/30		8,665			8,549,040
4.38%, 10/01/30 (c)		4,550			4,370,522
5.00%, 01/01/28 (c)		1,000			1,049,902
5.00%, 01/01/28 (c)		160			168,274
5.00%, 01/01/28 (c)		1,600			1,687,922
5.00%, 10/01/30 (c)		8,500			8,915,918
5.00%, 10/01/30 (c)		8,650			9,164,137
New York Transportation Development Corp., John F. Kennedy International Airport Project (RB) 3.00%, 08/01/31		2,000			1,855,549
New York Transportation Development Corp., LaGuardia Airport Terminal B Redevelopment Project, Series A (RB)
4.00%, 07/01/24 (c)		1,000			1,003,853
5.00%, 07/01/24 (c)		420			438,655
5.00%, 07/01/24 (c)		230			238,421
5.00%, 07/01/24 (c)		8,130			8,382,812
5.25%, 07/01/24 (c)		2,225			2,290,013

	Par
	(000’s		)	Value
New York (continued)
New York Transportation Development Corp., New York State Thruway Service Areas Project (RB) 4.00%, 10/31/31 (c)	$	1,000		$	978,376
Niagara Area Development Corp., New York Solid Waste Disposal Facility, Series A (RB) 4.75%, 07/01/23 (c)		4,000			3,907,770
Otsego County Capital Resource Corp., Hartwick College Project, Series A (RB) 5.00%, 10/01/25 (c)		355			318,438
Suffolk Tobacco Asset Securitization Corp., Series A-2 (RB) 4.00%, 06/01/31 (c)		3,250			3,153,764
Suffolk Tobacco Asset Securitization Corp., Series B-1 (RB) 4.00%, 06/01/31 (c)		4,600			4,290,843
Suffolk Tobacco Asset Securitization Corp., Series B-2 (RB) 0.00%, 06/01/31 (c) ^		10,515			1,192,453
Syracuse Industrial Development Agency, Carousel Center Project, Series A (RB) 5.00%, 01/01/26 (c)		200			157,655
TSASC, Inc., Tobacco Settlement Bonds, Series A (RB) 5.00%, 06/01/23		1,500			1,496,987
TSASC, Inc., Tobacco Settlement Bonds, Series B (RB)
5.00%, 06/01/27 (c)		17,535			17,761,624
5.00%, 06/01/27 (c)		9,860			9,943,132
Ulster County Capital Resource Corp., Woodland Pond of New Paltz Project (RB)
4.00%, 09/15/24 (c)		725			681,975
5.00%, 09/15/24 (c)		400			341,162
5.25%, 09/15/24 (c)		1,000			841,995
5.25%, 09/15/24 (c)		180			142,449
Westchester County Local Development Corp., Medical Center (RB) 5.00%, 11/01/25 (c)		255			271,091
Westchester County Local Development Corp., Purchase Senior Learning Community Inc., Project, Series A (RB)
5.00%, 07/01/27 (c)		1,000			937,330
5.00%, 07/01/27 (c)		3,000			2,739,770
5.00%, 07/01/27 (c)		1,000			960,612
Westchester Tobacco Asset Securitization Corp., Series C (RB) 5.00%, 06/01/23 (c)		4,575			4,599,595

	Par
	(000’s		)	Value
New York (continued)
Yonkers Economic Development Corp., Charter School of Educational Excellence Project, Series A (RB) 5.00%, 10/15/29 (c)	$	275		$	275,162
Yonkers Economic Development Corp., Charter School of Educational Excellence Project, Series A (RB) (AGM) 5.00%, 10/15/29 (c)		315			321,072
					265,349,775
North Carolina: 0.5%
North Carolina Department of Transportation, I-77 Hot Lanes Project (RB)
5.00%, 06/30/25 (c)		1,000			1,023,947
5.00%, 06/30/25 (c)		1,430			1,448,642
North Carolina Medical Care Commission Health Care Facilities, Series A (RB) 4.00%, 01/01/30 (c)		1,455			1,429,513
North Carolina Medical Care Commission, Pennybyrn at Maryfield (RB) 5.00%, 10/01/25		120			122,969
North Carolina Medical Care Commission, Retirement Facilities (RB)
4.70%, 07/01/25 (c)		550			551,408
5.00%, 10/01/24 (c)		250			255,945
5.00%, 10/01/24 (c)		250			253,543
North Carolina Medical Care Commission, Retirement Facilities, Series A (RB) 5.00%, 10/01/24 (c)		165			169,723
North Carolina Medical Care Commission, Retirement Facilities, Series A (RB) (AGM)
5.00%, 07/01/26 (c)		385			389,362
5.00%, 07/01/26 (c)		250			254,196
North Carolina Medical Care Commission, Salemtowne Project (RB) 5.25%, 10/01/25 (c)		465			474,716
North Carolina Turnpike Authority, Triangle Expressway System (RB)
4.00%, 01/01/30 (c)		1,250			1,214,369
5.00%, 01/01/27 (c)		1,000			1,074,778
5.00%, 01/01/30 (c)		1,400			1,504,384
5.00%, 01/01/30 (c)		1,705			1,815,612
North Carolina Turnpike Authority, Triangle Expressway System (RB) (AGM)
5.00%, 01/01/29 (c)		100			112,667
5.00%, 01/01/30 (c)		1,250			1,375,223

	Par
	(000’s		)	Value
North Carolina (continued)
North Carolina Turnpike Authority, Triangle Expressway System (RB) (BAM) 5.00%, 02/01/24	$	3,000		$	3,114,623
					16,585,620
North Dakota: 0.2%
City of Grand Forks, Altru Health System (RB) (AGM) 4.00%, 12/01/31 (c)		1,000			980,796
City of Williston, Eagle Crest Apartments LLC Project (RB)
6.25%, 09/01/23 (d) *		615			307,500
7.75%, 09/01/23 (c) (d) *		1,285			642,500
County of Grand Forks, Red River Biorefinery, LLC Project, Series A (RB) 7.00%, 06/15/26 (c)		5,500			3,291,180
County of Ward, Health Care Facilities, Trinity Obligated Group, Series C (RB) 5.00%, 06/01/28 (c)		750			793,914
University of North Dakota, Certificates of Participation, Housing Infrastructure Project, Series A (CP) (AGM) 3.00%, 06/01/30 (c)		1,290			927,612
					6,943,502
Northern Mariana Islands: 0.1%
Commonwealth of the Northern Mariana Islands, Series A (GO) (AGM) 5.00%, 05/31/22 (c)		4,900			4,547,013
Ohio: 4.1%
Akron Bath Copley Joint Township Hospital District, Summa Health System (RB) 5.25%, 11/15/26 (c)		500			533,127
Buckeye Tobacco Settlement Financing Authority, Series A-2 (RB)
3.00%, 06/01/30 (c)		1,480			1,089,628
4.00%, 06/01/30 (c)		1,000			936,808
Buckeye Tobacco Settlement Financing Authority, Series B-2 (RB) 5.00%, 06/01/30 (c)		79,350			77,290,836
Buckeye Tobacco Settlement Financing Authority, Series B-3 (RB) 0.00%, 06/01/30 (c) ^		35,000			4,646,642
Cleveland Cuyahoga County, Port Authority Cultural Facility, Playhouse Square Foundation Project (RB) 5.00%, 12/01/28		900			941,199
Columbus-Franklin County Finance Authority (RB) (SBG) 6.50%, 03/01/25 (c)		3,900			3,385,801

	Par
	(000’s		)	Value
Ohio (continued)
County of Cuyahoga, Ohio Hospital, The Metrohealth System (RB)
4.75%, 02/15/27 (c)	$	340		$	346,815
5.25%, 02/15/27 (c)		1,750			1,863,022
County of Lukas, Ohio Hospital, Promedica Healthcare, Series A (RB) (AGM) 5.25%, 11/15/28 (c)		5,410			5,850,982
County of Montgomery, Premier Health Partners Obligated Group, Series A (RB)
4.00%, 11/15/29 (c)		3,940			3,863,123
4.00%, 11/15/29 (c)		2,250			2,172,390
Greater Cincinnati Development Authority, Convention Center Hotel Acquisition and Demolition Project, Series A (RB) 3.00%, 05/31/22 (c)		3,000			2,983,837
Muskingum County, Ohio Hospital Facilities, Genesis HealthCare System Project (RB)
5.00%, 02/15/23 (c)		1,530			1,530,492
5.00%, 02/15/23 (c)		490			490,511
5.00%, 02/15/23 (c)		490			491,872
Ohio Air Quality Development Authority, American Electric Co. Project, Series B (RB) 2.60%, 10/01/29 (c) (p)		2,500			2,330,423
Ohio Air Quality Development Authority, AMG Vanadium Project (RB) 5.00%, 07/01/29 (c)		4,315			4,251,641
Ohio Air Quality Development Authority, Ohio Valley Electric Corp. Project, Series A (RB) 3.25%, 09/01/29		5,500			5,120,982
Ohio Air Quality Development Authority, Pratt Paper LLC Project (RB) 4.25%, 01/15/28 (c)		500			483,817
Ohio Airport Special Revenue, Continental Airlines, Inc. Project (RB) 5.38%, 05/31/22 (c)		1,100			1,101,533
Southeastern Ohio Port Authority, Hospital Facilities Revenue, Memorial Health System Obligated Group Project (RB)
5.00%, 12/01/24 (c)		250			252,302
5.00%, 12/01/24 (c)		245			248,861
5.50%, 12/01/24 (c)		70			71,914
5.75%, 12/01/22 (c)		710			717,844
6.00%, 12/01/22 (c)		570			576,060

	Par
	(000’s		)	Value
Ohio (continued)
Southern Ohio Port Authority, PureCycle Project, Series A (RB) 7.00%, 12/01/27 (c)	$	1,065		$	983,399
					124,555,861
Oklahoma: 1.0%
Comanche County Hospital Authority, Series A (RB)
4.25%, 07/01/22 (c)		300			301,433
5.00%, 07/01/22 (c)		210			211,255
Holdenville Public Works Authority, Series A (RB) 4.38%, 11/01/24 (c)		605			430,405
Holdenville Public Works Authority, Series A (RB) (AGM) 4.30%, 11/01/24 (c)		780			569,932
Norman Regional Hospital Authority (RB)
3.25%, 09/01/29 (c)		340			305,690
4.00%, 09/01/26 (c)		150			150,166
4.00%, 09/01/29 (c)		2,000			1,939,963
Oklahoma County Finance Authority, Epworth Villa Project, Series A (RB)
5.00%, 04/01/23 (d) *		90			76,500
5.00%, 05/31/22 (c)		825			701,250
Oklahoma Development Finance Authority, OU Medicine Project, Series B (RB)
5.00%, 08/15/28 (c)		700			718,851
5.25%, 08/15/28 (c)		2,900			3,002,367
5.25%, 08/15/28 (c)		6,000			6,191,214
Oklahoma Development Finance Authority, OU Medicine Project, Series B (RB) (AGM)
5.50%, 08/15/28 (c)		1,300			1,368,908
5.50%, 08/15/28 (c)		10,070			10,581,290
Rogers County Industrial Development Authority (RB) 3.62%, 04/01/25 (c)		375			348,156
Tulsa Municipal Airport Trust, American Airlines, Inc. (RB) 5.00%, 06/01/25 (c) (p)		2,125			2,186,517
					29,083,897
Oregon: 0.2%
Asante Health System Obligated Group, Hospital Facilities Authority of the City of Medford, Asante Projects, Series A (RB) (AGM) 4.00%, 08/15/30 (c)		1,300			1,274,271
Yamhill County Hospital Authority, Friendsview Retirement Community, Series A (RB)
5.00%, 11/15/24 (c)		1,000			963,046

	Par
	(000’s		)	Value
Oregon (continued)
5.00%, 11/15/28 (c)	$	3,500		$	3,195,476
					5,432,793
Pennsylvania: 3.5%
Allegheny County Hospital Development Authority, Allegheny Health Network Obligated Group Issue, Series A (RB) 5.00%, 04/01/28 (c)		5,000			5,366,623
Allegheny County Industrial Development Authority, United States Steel Corp. Project (RB) 4.88%, 11/01/24		200			206,080
Allentown Neighborhood Improvement Zone Development Authority (RB)
5.00%, 05/01/27 (c)		2,000			2,085,132
5.00%, 05/01/27 (c)		250			263,543
5.00%, 05/01/28		895			955,551
5.00%, 05/01/28		1,000			1,070,295
5.00%, 05/01/28 (c)		250			264,955
5.38%, 05/01/28 (c)		1,000			1,064,092
Allentown Neighborhood Improvement Zone Development Authority, Series A (RB) 5.00%, 05/01/22 (c)		150			150,000
Berks County Industrial Development Authority, Tower Health Project (RB)
5.00%, 11/01/24		500			513,161
5.00%, 11/01/26		120			124,950
5.00%, 11/01/27 (c)		110			111,492
5.00%, 11/01/27 (c)		1,000			1,029,455
5.00%, 11/01/27 (c)		470			489,373
Berks County Municipal Authority, Reading Hospital and Medical Center Project, Series A (RB) 5.00%, 05/20/22 (c)		1,000			995,585
Berks County Municipal Authority, Tower Health Project (RB) 4.00%, 11/01/27 (c)		3,130			2,504,736
Berks County Municipal Authority, Tower Health Project, Series A (RB) 5.00%, 02/01/30		860			905,523
Berks County Municipal Authority, Tower Health Project, Series B-2 (RB) 5.00%, 02/01/27 (c) (p)		6,000			6,123,093
Berks County Municipal Authority, Tower Health Project, Series B-3 (RB) 5.00%, 02/01/30 (c) (p)		670			684,045

	Par
	(000’s		)	Value
Pennsylvania (continued)
Bucks County Industrial Development Authority Hospital (RB)
4.00%, 07/01/31 (c)	$	3,500		$	3,159,828
5.00%, 07/01/31 (c)		1,500			1,542,078
Central Texas Regional Mobility Authority, Subordinated Lien, Series G (RB) 6.00%, 10/01/24 (c)		1,000			1,043,856
Chester County Health and Education Facilities Authority, Immaculata University Project (RB) 5.00%, 11/01/27 (c)		430			362,571
Chester County Health and Education Facilities Authority, Simpson Senior Services Project (RB) 5.00%, 12/01/25 (c)		3,925			3,639,701
Chester County Health and Education Facilities Authority, Simpson Senior Services Project, Series A (RB) 5.25%, 12/01/25 (c)		440			432,389
Chester County Industrial Development Authority, Woodland at Greystone Project (SA)
5.00%, 03/01/28 (c)		1,400			1,441,233
5.12%, 03/01/28 (c)		5,287			5,435,304
City of Philadelphia, Series A (GO) 5.00%, 08/01/23		1,345			1,392,218
County of Cumberland, Diakon Lutheran Social Ministries (RB)
4.00%, 01/01/25 (c)		185			187,183
4.00%, 01/01/25 (c)		245			254,304
Crawford County Hospital Authority, Meadville Medical Center Project, Series A (RB)
6.00%, 06/01/26 (c)		440			459,799
6.00%, 06/01/26 (c)		1,440			1,501,465
Dauphin County General Authority University, Harrisburg University of Science and Technology Project (RB)
5.00%, 10/15/27		500			514,491
6.25%, 10/15/28 (c)		3,200			3,489,774
Delaware County Authority, Eastern University (RB) 5.25%, 10/01/22 (c)		315			315,351
Delaware County Industrial Development Authority, Chester Community Charter School Project, Series A (RB) 5.12%, 06/01/26 (c)		395			399,688

	Par
	(000’s		)	Value
Pennsylvania (continued)
Delaware River Port Authority, Port District Project (RB)
5.00%, 01/01/23 (c)	$	1,080		$	1,099,674
5.00%, 01/01/23 (c)		840			854,731
Delaware Valley, Pennsylvania Regional Finance Authority, Series A (RB) (AMBAC) 5.50%, 08/01/28		1,000			1,130,399
Franklin County Industrial Development Authority, Menno-Haven, Inc. Project (RB)
5.00%, 12/01/25 (c)		215			205,999
5.00%, 12/01/25 (c)		500			483,994
Franklin County Industrial Development Authority, Menno-Haven, Inc. Project (RB) (NATL) 5.00%, 12/01/25 (c)		1,900			1,824,229
Lancaster County Hospital Authority, Brethren Village Project (RB) 5.12%, 07/01/27 (c)		1,000			1,020,590
Lancaster County Hospital Authority, St. Anne’s Retirement Community, Inc. Project (RB)
5.00%, 03/01/27 (c)		425			408,315
5.00%, 03/01/27 (c)		425			420,032
5.00%, 03/01/27 (c)		310			302,152
Mercer County, Industrial Development Authority, Thiel College Project (RB) 6.12%, 10/01/25 (c)		810			791,287
Montgomery County Industrial Development Authority Health System, Albert Einstein Healthcare Network Issue, Series A (RB) 5.25%, 01/15/25 (c)		1,485			1,584,318
Montgomery County Industrial Development Authority, Whitemarsh Continuing Care Retirement Community Project (RB)
5.00%, 01/01/25 (c)		150			152,870
5.25%, 01/01/25 (c)		870			884,392
5.38%, 01/01/25 (c)		820			831,591
Moon Industrial Development Authority, Baptist Homes Society (RB)
5.62%, 07/01/25 (c)		300			306,012
5.75%, 07/01/25 (c)		2,000			2,033,273
6.00%, 07/01/25 (c)		590			598,742
Pennsylvania Economic Development Financing Authority, Energy Supply LLC Project, Series A (RB) 6.40%, 09/01/25 (c)		8,300			5,450,065

	Par
	(000’s		)	Value
Pennsylvania (continued)
Pennsylvania Economic Development Financing Authority, Tapestry Moon Senior Housing Project, Series A (RB)
6.50%, 12/01/28 (c) (d) *	$	3,040		$	1,216,000
6.75%, 12/01/28 (c) (d) *		6,470			2,588,000
Pennsylvania Economic Development Financing Authority, The Pennsylvania Rapid Bridge Replacement Project (RB)
4.12%, 06/30/26 (c)		1,685			1,692,562
5.00%, 12/31/23		125			130,479
5.00%, 12/31/24		550			575,402
5.00%, 12/31/25		1,105			1,171,314
5.00%, 06/30/26 (c)		575			608,725
5.00%, 06/30/26 (c)		500			520,472
5.00%, 06/30/26 (c)		1,485			1,581,243
5.00%, 06/30/26 (c)		410			431,979
Pennsylvania Higher Educational Facilities Authority, Delaware Valley College of Science and Agriculture Project, Series LL (RB)
4.00%, 11/01/22 (c)		425			429,831
5.00%, 11/01/22 (c)		250			254,068
Pennsylvania Higher Educational Facilities Authority, La Salle University (RB)
5.00%, 11/01/22 (c)		1,000			1,000,795
5.00%, 11/01/22 (c)		1,915			1,918,228
Pennsylvania Turnpike Commission, Turnpike Subordinate Bonds, Series A (RB) 3.00%, 12/01/30 (c)		1,000			855,334
Pennsylvania Turnpike Commission, Turnpike Subordinate Bonds, Series B (RB) 4.00%, 12/01/31 (c)		1,625			1,551,114
Philadelphia Authority for Industrial Development, First Philadelphia Preparatory Charter School Project, Series A (RB) 7.25%, 06/15/24 (c)		1,000			1,072,425
Philadelphia Authority for Industrial Development, Greater Philadelphia Health Action, Inc. Project, Series A (RB)
6.38%, 06/01/25 (c)		440			446,775
6.50%, 06/01/25 (c)		440			446,380
6.62%, 06/01/25 (c)		415			421,631

	Par
	(000’s		)	Value
Pennsylvania (continued)
Philadelphia Authority for Industrial Development, Independence Charter School West Project (RB) 5.00%, 12/15/26 (c)	$	355		$	360,680
Philadelphia Authority for Industrial Development, Independence Charter School West Project (RB) (SAW) 4.00%, 12/15/26 (c)		350			348,273
Philadelphia Authority for Industrial Development, Performing Arts, String Theory Charter School Project (RB)
5.00%, 06/15/28 (c)		1,000			1,000,034
5.00%, 06/15/28 (c)		500			506,277
Philadelphia Hospitals and Higher Education Facilities Authority, Temple University Health System Obligated Group (RB) 5.00%, 07/01/27 (c)		1,000			1,062,487
Philadelphia Hospitals and Higher Education Facilities Authority, Temple University Health System Obligated Group, Series A (RB)
5.00%, 07/01/27 (c)		220			233,745
5.00%, 07/01/27 (c)		1,240			1,321,007
5.62%, 07/01/22 (c)		5,020			5,055,031
5.62%, 07/01/22 (c)		2,190			2,205,282
School District of Philadelphia, Series A (GO) (AGM-CR FGIC ST AID WITHHLDG) 5.00%, 06/01/24		1,055			1,106,905
Scranton Redevelopment Authority, Series A (RB) 5.00%, 05/15/24 (c)		250			238,592
Susquehanna Area Regional Airport Authority, Series B (RB) 4.00%, 01/01/23 (c)		1,210			1,212,967
					104,425,619
Puerto Rico: 4.6%
Cofina Class 2 Trust (RB) (AMBAC) 0.00%, 08/01/47 ^		80			27,344
Puerto Rico Commonwealth Aqueduct and Sewer Authority, Series A (RB)
4.00%, 07/01/31 (c)		7,365			6,935,898
5.00%, 07/01/22 (c)		5,365			5,394,865
5.12%, 07/01/22 (c)		1,050			1,056,055
5.25%, 07/01/22 (c)		6,970			7,011,586
5.75%, 07/01/22 (c)		4,025			4,052,232
6.00%, 07/01/22 (c)		4,550			4,582,528
6.12%, 07/01/24		155			160,283

	Par
	(000’s		)	Value
Puerto Rico (continued)
Puerto Rico Commonwealth, Series A-1 (GO)
4.00%, 07/01/31 (c)	$	7,000		$	6,158,250
4.00%, 07/01/31 (c)		5,000			4,508,040
Puerto Rico Commonwealth, Series A-1 (GO) (BAM-TCRS)
4.00%, 07/01/31 (c)		2,000			1,854,351
4.00%, 07/01/31 (c)		2,000			1,802,910
4.00%, 07/01/31 (c)		2,000			1,859,602
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority, AES Puerto Rico Project (RB) 6.62%, 05/31/22 (c)		100			103,371
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority, Ana G. Mendez University System Project (RB)
5.12%, 05/31/22 (c)		100			100,306
5.38%, 05/31/22 (c)		100			100,325
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority, University Plaza Project, Series A (RB) (NATL) 5.00%, 07/01/22 (c)		20			20,114
Puerto Rico Sales Tax Financing Corp., Series A-1 (RB)
0.00%, 07/01/24 ^		7,480			7,034,006
4.50%, 07/01/25 (c)		2,000			2,051,075
5.00%, 07/01/28 (c)		20,700			21,268,422
Puerto Rico Sales Tax Financing Corp., Series A-1 (RB) (AGC) 4.55%, 07/01/28 (c)		6,662			6,715,058
Puerto Rico Sales Tax Financing Corp., Series A-1 (RB) (AMBAC) 4.75%, 07/01/28 (c)		21,399			21,701,813
Puerto Rico Sales Tax Financing Corp., Series A-2 (RB)
4.33%, 07/01/28 (c)		14,258			14,131,566
4.33%, 07/01/28 (c)		10,960			10,862,811
4.55%, 07/01/28 (c)		5,000			5,039,822
4.78%, 07/01/28 (c)		5,869			5,962,533
					140,495,166
Rhode Island: 0.5%
Rhode Island Health and Educational Building Corp., Care New England Issue, Series B (RB)
5.00%, 09/01/26 (c)		3,750			3,909,816
5.00%, 09/01/26 (c)		500			526,663
5.00%, 09/01/26		100			106,553

	Par
	(000’s		)	Value
Rhode Island (continued)
Rhode Island Health and Educational Building Corp., Lifespan Obligated Group Issue (RB)
5.00%, 05/15/23	$	250		$	256,778
5.00%, 05/15/26 (c)		690			728,606
5.00%, 05/15/26 (c)		1,000			1,063,829
Tobacco Settlement Financing Corp., Series A (RB)
0.00%, 05/16/22 (c) ^		15,580			2,426,487
5.00%, 06/01/25 (c)		1,650			1,701,626
Tobacco Settlement Financing Corp., Series B (RB)
4.50%, 06/01/25 (c)		2,000			2,014,221
5.00%, 06/01/25 (c)		2,000			2,049,742
					14,784,321
South Carolina: 0.4%
Berkeley County, South Carolina Nexton Improvement District (SA) 4.38%, 11/01/29 (c)		800			787,966
South Carolina Jobs-Economic Development Authority (RB) (AGM) 5.00%, 04/01/24 (c)		1,000			1,015,607
South Carolina Jobs-Economic Development Authority, Hampton Medical Center Project (RB)
5.00%, 11/01/24 (c)		500			523,642
5.00%, 11/01/24 (c)		650			684,214
5.00%, 11/01/24 (c)		500			527,234
South Carolina Jobs-Economic Development Authority, High Point Academy Project, Series A (RB)
5.75%, 12/15/26 (c)		500			532,840
5.75%, 12/15/26 (c)		500			527,043
South Carolina Jobs-Economic Development Authority, South Carolina Episcopal Home at Still Hopes (RB)
5.00%, 04/01/25 (c)		1,750			1,775,778
5.00%, 04/01/25 (c)		5,000			5,080,231
South Carolina Jobs-Economic Development Authority, The Lutheran Homes of South Carolina, Inc. (RB) 5.00%, 05/01/23 (c)		320			282,082
South Carolina Jobs-Economic Development Authority, The Woodlands at Furman (RB) 4.00%, 11/15/24 (c)		305			298,329
					12,034,966
South Dakota: 0.1%
City of Sioux Falls, Dow Rummel Village Project (RB)
5.00%, 11/01/26 (c)		750			755,696
5.00%, 11/01/26 (c)		500			455,321

	Par
	(000’s		)	Value
South Dakota (continued)
Lincoln County, South Dakota Economic Development Bonds, The Augustana College Association Project, Series A (RB)
4.00%, 08/01/31 (c)	$	1,000		$	859,162
4.00%, 08/01/31 (c)		1,100			961,031
					3,031,210
Tennessee: 0.6%
Blount County, Health and Educational Facilities Board, Series A (RB) 5.00%, 01/01/25 (c)		740			493,793
Bristol Industrial Development Board, Pinnacle Project, Series A (RB)
5.00%, 12/01/26 (c)		2,000			1,974,933
5.12%, 12/01/26 (c)		1,000			981,002
Chattanooga Health, Educational and Housing Facility Board, Series A-2 (RB) 5.00%, 08/01/29 (c)		310			334,305
Chattanooga-Hamilton County Hospital, Erlanger Health System, Series A (RB) 5.00%, 10/01/24 (c)		540			568,235
Knox County Health Educational and Housing Facility Board (RB)
4.00%, 09/01/26 (c)		295			291,468
4.00%, 09/01/26 (c)		290			277,473
5.00%, 04/01/27 (c)		380			407,972
Memphis-Shelby County Industrial Development Board, Graceland Project, Series A (TA) 5.50%, 07/01/27 (c)		1,100			867,994
Metropolitan Government of Nashville & Davidson County, South Nashville Central Business Improvement District, Series B (SA) 0.00%, 06/01/43 ^		1,000			317,488
Shelby County, Tennessee Health, Educational and Housing Facility Board, The Farms at Bailey Station, Series A (RB)
5.50%, 10/01/25 (c)		250			239,457
5.75%, 10/01/25 (c)		1,595			1,502,843
5.75%, 10/01/25 (c)		5,755			5,233,017
Tennessee Energy Acquisition Corp., Series B (RB) 5.62%, 09/01/26		4,200			4,573,060

	Par
	(000’s		)	Value
Tennessee (continued)
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		$	194,842
					18,257,882
Texas: 5.2%
Angelina & Neches River Authority, Industrial Development Corp., Solid Waste Disposal and Wastewater Treatment Facilities, Series A (RB) 7.50%, 06/01/28 (c)		1,500			1,248,471
Austin Convention Enterprises, Inc., Convention Center Hotel, First Tier, Series A (RB) (SAW) 5.00%, 01/01/27		280			294,002
Austin Convention Enterprises, Inc., Convention Center Hotel, Second Tier, Series B (RB)
5.00%, 01/01/26		715			723,605
5.00%, 01/01/27 (c)		500			496,482
Austin Convention Enterprises, Inc., Convention Center Hotel, Second Tier, Series B (RB) (AGM) 5.00%, 01/01/23		800			805,549
Board of Managers, Joint Guadalupe County, City of Seguin Hospital (RB)
5.00%, 12/01/25 (c)		215			216,862
5.00%, 12/01/25 (c)		610			618,080
5.25%, 12/01/25 (c)		700			722,849
Brazoria County Industrial Development Corp., Texas Solid Waste Disposal Facilities, Gladieux Recycling, LLC Project (RB) (SAW) 8.50%, 03/01/26 (c)		5,320			4,859,723
Brazoria County Industrial Development Corp., Texas Solid Waste Disposal Facilities, Gladieux Recycling, LLC Project (RB) (SBG) 7.00%, 03/01/26 (c)		1,850			1,875,737
Calhoun County Navigation Industrial Development Authority, Max Midstream Texas LLC Project, Series A (RB) 3.62%, 07/01/24 (c)		2,700			2,630,116
Central Texas Regional Mobility Authority, Subordinated Lien, Series G (RB)
4.00%, 01/01/30 (c)		5,690			5,314,048
4.00%, 01/01/30 (c)		1,500			1,428,324

	Par
	(000’s		)	Value
Texas (continued)
Central Texas Turnpike System, Series C (RB) 5.00%, 08/15/24	$	775		$	809,498
City of Houston, Airport System, United Airlines, Inc. Airport Improvement Projects, Series C (RB)
5.00%, 07/15/27		3,140			3,329,384
5.00%, 07/15/28		2,000			2,127,732
City of Houston, Continental Airlines, Inc., Terminal Improvement Projects (RB) 6.50%, 05/31/22 (c)		2,050			2,058,314
City of Houston, Texas Airport System Special Facilities, United Airlines, Inc. (RB)
4.75%, 07/01/24		2,375			2,417,524
5.00%, 07/15/28		1,000			1,061,032
City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., Series B-1 (RB)
5.00%, 07/15/25 (c)		2,600			2,700,378
5.00%, 07/15/25 (c)		650			674,498
City of Houston, Texas Airport System, Series A (RB) 4.00%, 07/01/31 (c)		1,600			1,539,570
Clifton Higher Education Finance Corp., Series A (RB)
5.12%, 08/15/25 (c)		730			767,844
5.50%, 08/15/25 (c)		610			645,747
Clifton Higher Education Finance Corp., Series D (RB)
5.75%, 08/15/25 (c)		500			534,739
6.00%, 08/15/25 (c)		500			535,855
Dallas County Flood Control District No. 1 (GO) 5.00%, 04/01/23 (c)		850			851,372
Dallas Fort Worth International Airport, Series B (RB) 4.12%, 11/01/22 (c)		6,800			6,800,603
Gulf Coast Industrial Development Authority, CITGO Petroleum Corp. Project (RB) 4.88%, 10/01/22 (c)		2,265			2,264,681
Harris County, Houston Sports Authority, Junior Lien, Series H (RB) (NATL)
0.00%, 11/15/23 ^		250			237,209
0.00%, 11/15/23 ^		675			650,146
0.00%, 11/15/25 ^		495			432,577
0.00%, 11/15/27 ^		590			472,096
0.00%, 11/15/29 ^		1,405			1,023,513
0.00%, 11/15/30 ^		115			79,770
0.00%, 11/15/31 (c) ^		170			62,621
0.00%, 11/15/31 (c) ^		120			60,838
0.00%, 11/15/31 (c) ^		350			156,281
0.00%, 11/15/31 (c) ^		705			432,544

	Par
	(000’s		)	Value
Texas (continued)
0.00%, 11/15/31 (c) ^	$	145		$	56,991
0.00%, 11/15/31 (c) ^		1,140			393,567
Harris County, Houston Sports Authority, Third Lien, Series A-3 (RB) (NATL)
0.00%, 11/15/24 (c) ^		335			157,438
0.00%, 11/15/24 (c) ^		100			59,698
Mesquite Health Facility Development Corp., Christian Care Centers, Inc. Project (RB) (NATL)
5.12%, 02/15/24 (c) (d) *		700			546,000
5.12%, 02/15/24 (c) (d) *		2,680			2,090,400
Mission Economic Development Corp., Senior Lien, Natgasoline Project (RB) 4.62%, 05/20/22 (c)		11,500			11,895,794
New Hope Cultural Education Facilities Finance Corp., 4-K Housing, Inc. Stoney Brook Project, Series B (RB) 5.00%, 07/01/25 (c)		235			117,500
New Hope Cultural Education Facilities Finance Corp., Cardinal Bay, Inc., Series C (RB) 5.50%, 07/01/26 (c)		1,595			797,500
New Hope Cultural Education Facilities Finance Corp., Carillon Lifecare Community Project (RB) 5.00%, 07/01/24 (c)		230			208,857
New Hope Cultural Education Facilities Finance Corp., Legacy Preparatory Charter Academy, Series A (RB) 5.25%, 02/15/23 (c)		225			231,700
New Hope Cultural Education Facilities Finance Corp., Morningside Ministries Project (RB) (SAW) 6.25%, 01/01/23 (c)		100			102,761
New Hope Cultural Education Facilities Finance Corp., MRC Senior Living - The Langford Project, Series A (RB)
5.38%, 11/15/26 (c)		975			949,580
5.50%, 11/15/26 (c)		750			714,141
New Hope Cultural Education Facilities Finance Corp., NCCD-College Station Properties LLC, Series A (RB)
5.00%, 07/01/24		115			109,250
5.00%, 07/01/25 (c)		440			418,000
5.00%, 07/01/25 (c)		100			95,000

	Par
	(000’s		)	Value
Texas (continued)
New Hope Cultural Education Facilities Finance Corp., Presbyterian Village North Project (RB) 5.25%, 10/01/25 (c)	$	200		$	195,724
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			953,651
5.00%, 12/01/26 (c)		2,045			1,956,512
New Hope Cultural Education Facilities Finance Corp., Sanctuary LTC Project, Series A-1 (RB)
5.25%, 01/01/28 (c)		4,500			4,191,604
5.50%, 01/01/28 (c)		8,045			7,427,373
New Hope Cultural Education Facilities Finance Corp., Wesleyan Homes, Inc. Project (RB)
5.00%, 01/01/26 (c)		250			208,178
5.00%, 01/01/26 (c)		250			211,983
North East Texas Regional Mobility Authority, Series A (RB) 5.00%, 01/01/26 (c)		1,050			1,088,949
North East Texas Regional Mobility Authority, Series B (RB)
5.00%, 01/01/26 (c)		600			619,774
5.00%, 01/01/26 (c)		400			415,493
Port Beaumont Navigation District, Allegiant Industrial Island Park Project (RB) 8.00%, 02/01/26 (c)		2,825			2,849,255
Port Beaumont Navigation District, Jefferson Gulf Coast Energy Project, Series A (RB)
2.75%, 07/01/23 (c)		2,000			1,615,315
2.88%, 07/01/23 (c)		3,080			2,285,565
3.00%, 07/01/23 (c)		6,000			4,135,815
Port Beaumont Navigation District, Jefferson Gulf Coast Energy Project, Series A (RB) (BAM)
3.62%, 05/31/22 (c)		1,000			908,068
4.00%, 05/31/22 (c)		8,835			7,425,156
Pottsboro Higher Education Finance Corp., Imagine International Academy of North Texas LLC, Series A (RB)
5.00%, 08/15/26 (c)		400			397,189
5.00%, 08/15/26 (c)		400			403,189
Reagan Hospital District, Series A (GO) 5.12%, 02/01/24 (c)		1,000			1,024,310

	Par
	(000’s		)	Value
Texas (continued)
Sanger Industrial Development Corp., Texas Pellets Project, Series B (RB) 8.00%, 07/01/22 (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			127,326
Tarrant County Cultural Education Facilities Finance Corp., Buckner Senior Living, Ventana Project, Series A (RB)
6.62%, 05/15/27 (c)		3,850			4,076,179
6.75%, 05/15/27 (c)		2,100			2,218,715
Tarrant County Cultural Education Facilities Finance Corp., C.C. Young Memorial Home Project, Series A (RB) 6.38%, 02/15/27 (c) (d) *		535			363,800
Texas Municipal Gas Acquisition & Supply Corp. III (RB)
5.00%, 12/15/28		925			989,944
5.00%, 12/15/29		1,375			1,478,060
5.00%, 12/15/31		1,670			1,808,607
5.00%, 12/15/32		2,120			2,304,917
Texas Private Activity Bond Surface Transportation Corp., Blueridge Transportation Group LLC Project (RB)
5.00%, 12/31/25 (c)		230			241,642
5.00%, 12/31/25 (c)		460			480,873
5.00%, 12/31/25 (c)		250			260,622
Texas Private Activity Bond Surface Transportation Corp., NTE Mobility Partners LLC Project (RB)
5.00%, 06/30/29 (c)		9,420			9,734,083
7.00%, 09/01/23 (c)		515			545,300
Texas Private Activity Bond Surface Transportation Corp., NTE Mobility Partners LLC Project, Series A (RB)
4.00%, 12/31/29 (c)		500			502,577
5.00%, 12/31/29 (c)		1,300			1,412,265
Texas Transportation Commission, Central Texas Turnpike System, Series C (RB)
5.00%, 08/15/24 (c)		7,360			7,593,194
5.00%, 08/15/24 (c)		850			878,029
5.00%, 08/15/24 (c)		600			620,443
5.00%, 08/15/24 (c)		1,500			1,543,832
Town of Westlake, Solana Public Improvement District (SA)
6.12%, 09/01/25 (c)		1,000			959,062
6.25%, 09/01/25 (c)		1,000			946,746

	Par
	(000’s		)	Value
Texas (continued)
6.38%, 09/01/25 (c)	$	1,000		$	945,092
Woodloch Health Facilities Development Corp., Series A-1 (RB) 6.75%, 12/01/24 (c) (d) *		4,980			2,755,434
					156,479,236
Utah: 0.5%
Mida Mountain Village Public Infrastructure District, Mountain Village Assessment Area #2 (SA) 4.00%, 08/01/31 (c)		5,000			3,930,145
Mida Mountain Village Public Infrastructure District, Mountain Village Assessment Area, Series A (SA)
4.50%, 08/01/30 (c)		2,500			2,478,675
5.00%, 08/01/30 (c)		4,000			3,990,132
Salt Lake City, International Airport, Series A (RB) 5.00%, 07/01/31 (c)		760			839,280
Utah Charter School Finance Authority, Freedom Academy Foundation Project (RB)
5.25%, 06/15/27 (c)		1,500			1,541,172
5.38%, 06/15/27 (c)		3,195			3,261,318
					16,040,722
Vermont: 0.0%
Vermont Economic Development Authority, Wake Robin Corp. Project, Series A (RB) 5.00%, 05/01/27 (c)		1,160			1,167,122
Vermont Economic Development Authority, Wake Robin Corp. Project, Series A (RB) (FHLMC COLL) 4.00%, 05/01/28 (c)		500			451,613
					1,618,735
Virgin Islands: 0.5%
Matching Fund Special Purpose Securitization Corp., Virgin Island, Series A (RB)
5.00%, 10/01/32 (c)		2,500			2,561,026
5.00%, 10/01/32		1,000			1,045,392
Virgin Islands Public Finance Authority, Virgin Islands Gross Receipts Taxes Loan Note (RB) (NATL) 4.25%, 05/31/22 (c)		720			727,028
Virgin Islands Public Finance Authority, Virgin Islands Gross Receipts Taxes Loan Note, Series C (RB)
4.50%, 10/01/24 (c)		550			478,652
5.00%, 10/01/24 (c)		4,250			4,064,444
5.00%, 10/01/24 (c)		1,000			986,668

	Par
		(000’s	)		Value
Virgin Islands (continued)
Virgin Islands Water & Power Authority, Series B (RB)
5.00%, 05/31/22 (c)	$	1,170		$	1,127,371
5.00%, 05/31/22 (c)		1,070			1,022,310
5.00%, 05/31/22 (c)		330			325,934
5.00%, 05/31/22 (c)		65			63,301
5.00%, 05/31/22 (c)		170			161,312
5.00%, 05/31/22 (c)		2,560			2,371,051
					14,934,489
Virginia: 1.9%
Albemarle County, Virginia Economic Development Authority, Series A (RB)
4.62%, 01/01/23 (c)		640			651,394
5.00%, 01/01/23 (c)		1,000			1,020,253
Bristol Industrial Development Authority, Series B (RB) 6.35%, 11/01/24 (c)		250			151,239
Cherry Hill Community Development Authority, Potomac Shores Project (SA)
5.15%, 03/01/25 (c)		200			202,502
5.40%, 03/01/25 (c)		495			500,514
Chesapeake Bay Bridge and Tunnel District, First Tier (RB)
5.00%, 11/01/23		1,000			1,032,845
5.00%, 07/01/26 (c)		6,000			6,269,392
5.00%, 07/01/26 (c)		1,025			1,066,955
City of Chesapeake, Chesapeake Transportation System, Series A (RB) 5.00%, 07/15/22 (c)		380			381,484
City of Hopewell, Sewer System, Series A (RB) 5.00%, 05/31/22 (c)		240			240,539
Farms New Kent Community Development Authority, Series A (SA) 3.75%, 03/01/31 (c)		7,170			6,545,266
Farms New Kent Community Development Authority, Series B (SA) 0.00%, 03/01/36 ^		9,500			4,274,333
Farmville Industrial Development Authority, Educational Facilities, Longwood University Student Housing Projects, Series A (RB)
5.00%, 07/01/30 (c)		2,800			2,877,239
5.00%, 07/01/30 (c)		1,500			1,551,701
Hanover County, Economic Development Authority, Series A (RB)
5.00%, 07/01/22 (c)		1,500			1,508,596
5.00%, 07/01/22 (c)		1,500			1,508,597

	Par
		(000’s	)		Value
Virginia (continued)
Norfolk Redevelopment & Housing Authority, Fort Norfolk Retirement Community, Series A (RB)
5.00%, 01/01/24 (c)	$	1,000		$	1,023,679
5.25%, 01/01/24 (c)		2,400			2,426,740
Peninsula Town Center Community Development Authority (RB)
5.00%, 09/01/27 (c)		500			501,379
5.00%, 09/01/27 (c)		3,850			3,851,443
Riverside County Transportation Commission, Series A (RB) 5.38%, 09/01/26 (c)		3,500			2,553,886
Roanoke County Economic Development Authority, Series B (RB) 4.62%, 09/01/29 (c) (p)		1,000			848,226
Roanoke Economic Development Authority, Residential Care Facility (RB) 5.00%, 09/01/27 (c)		500			374,895
Virginia College Building Authority, Marymount University Project, Series A (RB) 5.00%, 07/01/25 (c)		1,000			1,010,703
Virginia College Building Authority, Marymount University Project, Series B (RB) 5.25%, 07/01/25 (c)		2,300			2,350,157
Virginia Small Business Financing Authority, Elizabeth River Crossing Opco, LLC Project (RB)
5.50%, 07/01/22 (c)		760			764,713
6.00%, 07/01/22 (c)		1,550			1,560,825
Virginia Small Business Financing Authority, Senior Lien 95 Express Lanes, LLC Project (RB)
4.00%, 01/01/32 (c)		2,925			2,738,396
4.00%, 01/01/32 (c)		1,250			1,203,398
5.00%, 01/01/32 (c)		500			549,589
Virginia Small Business Financing Authority, Senior Lien Revenue and Refunding Bonds (RB) 5.00%, 12/31/32 (c)		2,000			2,127,388
Virginia Small Business Financing Authority, Solid Waste Disposal Facility (RB) 5.00%, 07/01/38 (c) (p)		2,000			2,000,311

	Par
		(000’s	)		Value
Virginia (continued)
Wise County Industrial Development Authority, Virginia Electric and Power Co. Project, Series A (RB) (AGC) 0.75%, 09/02/25 (p)	$	1,000		$	926,980
					56,595,557
Washington: 1.4%
Kalispel Tribe Indians Priority, Series A (RB)
5.00%, 01/01/28 (c)		250			269,981
5.25%, 01/01/28 (c)		250			270,500
King County Public Hospital District No. 4, Snoqualmie Valley Hospital, Series A (RB)
5.75%, 12/01/25 (c)		500			515,838
6.00%, 12/01/25 (c)		500			519,393
6.25%, 12/01/25 (c)		250			260,918
Klickitat County Public Hospital District No. 2 (RB) 5.00%, 12/01/27 (c)		1,230			1,085,613
Washington Economic Development Finance Authority, Series A (RB) 5.62%, 12/01/30 (c)		1,500			1,559,376
Washington Health Care Facilities Authority, CommonSpirit Health, Series A-1 (RB) 4.00%, 08/01/29 (c)		100			95,546
Washington Health Care Facilities Authority, Virginia Mason Medical Center (RB) 5.00%, 08/15/27 (c)		205			218,151
Washington State Convention Center Public Facilities District (RB)
3.00%, 07/01/31 (c)		2,500			1,637,057
3.00%, 07/01/31 (c)		4,400			2,881,220
3.00%, 07/01/31 (c)		3,000			2,102,936
4.00%, 07/01/31 (c)		5,945			5,104,847
4.00%, 07/01/31		5,200			5,032,647
4.00%, 07/01/31 (c)		3,745			3,307,335
Washington State Convention Center Public Facilities District, Series B (RB) 3.00%, 07/01/31 (c)		1,000			856,388
Washington State Convention Center Public Facilities District, Series B (RB) (AGM) 4.00%, 07/01/31 (c)		1,000			981,159
Washington State Housing Finance Commission, Bayview Manor Senior Project, Series A (RB)
5.00%, 07/01/24 (c)		2,000			1,950,562
5.00%, 07/01/24 (c)		150			150,773

	Par
		(000’s	)		Value
Washington (continued)
Washington State Housing Finance Commission, Herons Key Senior Living, Series A (RB) 6.00%, 07/01/25	$	170		$	176,713
Washington State Housing Finance Commission, Presbyterian Retirement Communities Northwest Projects, Series A (RB)
3.75%, 07/01/26		150			148,004
5.00%, 01/01/25 (c)		825			824,135
5.00%, 01/01/25 (c)		2,495			2,343,228
Washington State Housing Finance Commission, Rockwood Retirement Communities Project, Series A (RB) 5.00%, 01/01/26 (c)		2,000			1,698,856
Washington State Housing Finance Commission, Transforming Age Projects, Series A (RB) 5.00%, 07/01/26 (c)		7,000			6,511,266
Washington State Housing Finance Commission, Wesley Homes at Lea Hill Project (RB)
5.00%, 07/01/26 (c)		1,250			1,164,766
5.00%, 07/01/26 (c)		500			475,738
					42,142,946
West Virginia: 0.5%
County of Ohio, Fort Henry Centre Tax Increment Financing District No. 1, The Highlands Project (TA)
3.00%, 06/01/22 (c)		210			206,300
4.00%, 06/01/22 (c)		760			725,177
Harrison County Building Commission, General Services Administration Building Project (RB)
3.12%, 10/01/27 (c)		700			518,653
3.25%, 10/01/27 (c)		820			599,396
3.50%, 10/01/27 (c)		1,000			906,095
Monongalia County Commission Excise Tax District, Series A (RB) 4.12%, 06/01/31 (c)		2,500			2,376,374
Ohio County Development Authority, Sports Complex Project (RB) 4.60%, 09/01/28 (c)		2,130			1,861,717
West Virginia Economic Development Authority, Arch Resources Project (RB) 5.00%, 07/01/25 (c) (p)		5,000			5,148,969

	Par
		(000’s	)		Value
West Virginia (continued)
West Virginia Economic Development Authority, Arch Resources Project (RB) (SAW) 4.12%, 07/01/25 (c) (p)	$	1,500		$	1,508,011
					13,850,692
Wisconsin: 2.9%
Public Finance Authority Educational Facilities, Charter Day School, Inc. Project, Series A (RB) 5.00%, 12/01/27 (c)		2,500			2,456,047
Public Finance Authority Health Care Facilities, Appalachian Regional Healthcare System, Series A (RB) 4.00%, 01/01/31 (c)		1,100			1,011,618
Public Finance Authority Hospital, Carson Valley Medical Center, Series A (RB) (SAW) 4.00%, 12/01/31 (c)		3,250			2,913,970
Public Finance Authority, American Dream at Meadowlands Project (RB)
6.75%, 12/01/27 (c)		500			471,410
7.00%, 12/01/27 (c)		5,000			4,780,293
Public Finance Authority, American Dream at Meadowlands Project, Series A (RB) 6.75%, 08/01/31		7,825			7,244,374
Public Finance Authority, American Preparatory Academy, Series A (RB) 5.38%, 07/15/27 (c)		1,000			1,032,609
Public Finance Authority, Bancroft Neurohealth Project, Series A (RB) 5.12%, 06/01/26 (c)		250			253,614
Public Finance Authority, Cornerstone Charter Academy, Series A (RB)
5.00%, 02/01/26 (c)		495			497,646
5.12%, 02/01/26 (c)		500			500,550
Public Finance Authority, Corvian Community School Project, Series A (RB)
4.25%, 06/15/24 (c)		500			487,682
5.00%, 06/15/26 (c)		500			495,434
5.00%, 06/15/26 (c)		500			476,449
Public Finance Authority, Educational Facilities, Charter Day School, Inc. Project (RB)
5.00%, 12/01/27 (c)		500			498,922
5.00%, 12/01/27 (c)		1,390			1,421,077

	Par
		(000’s	)		Value
Wisconsin (continued)
Public Finance Authority, Educational Facilities, Lake Erie College Project, Series A (RB) 5.88%, 10/01/29 (c)	$	1,000		$	881,825
Public Finance Authority, Grand Hyatt San Antonio Hotel Acquisition Project, Series A (RB)
5.00%, 02/01/32 (c)		1,000			1,018,457
5.00%, 02/01/32 (c)		2,000			2,013,638
5.75%, 02/01/32 (c)		1,000			937,814
Public Finance Authority, Grand Hyatt San Antonio Hotel Acquisition Project, Series B (RB) 6.00%, 02/01/32 (c)		1,000			947,963
Public Finance Authority, Healthcare Facility Expansion, Church Home of Hartford, Inc. Project, Series A (RB) 5.00%, 09/01/25		85			86,951
Public Finance Authority, Higher Educational Facilities, Wittenberg University Project (RB) 5.25%, 12/01/24 (c)		2,500			2,544,453
Public Finance Authority, Living Community First Mortgage (RB)
4.25%, 05/01/27 (c)		435			376,913
5.00%, 03/01/28 (c)		1,250			1,258,075
Public Finance Authority, Lombard Conference and Hotel Center, Second-Tier (RB) (ACA) 3.75%, 03/15/28 (c) (d) *		890			459,527
Public Finance Authority, Maryland Proton Treatment Center, Series A-1 (RB) 6.25%, 01/01/28 (c)		500			307,500
Public Finance Authority, Marys Woods at Marylhurst Project, Series A (RB) 5.25%, 05/15/25 (c)		1,000			1,011,427
Public Finance Authority, McLemore Hotel & Conference Center, Series A (RB) 4.50%, 06/01/28 (c)		4,000			3,220,980
Public Finance Authority, North Carolina Charter Educational Foundation Project, Series A (RB)
5.00%, 06/15/26 (c)		1,250			1,041,669
5.00%, 06/15/26 (c)		2,000			1,767,646
Public Finance Authority, Penick Village (RB)
4.00%, 09/01/26 (c)		455			423,897

	Par
		(000’s	)		Value
Wisconsin (continued)
5.00%, 09/01/26 (c)	$	500		$	473,329
5.00%, 09/01/26 (c)		500			450,499
5.00%, 09/01/26 (c)		500			443,844
Public Finance Authority, Rider University Project, Series A (RB) 4.50%, 01/01/31 (c)		2,920			2,621,667
Public Finance Authority, Sky Harbour Capital LLC, Aviation Facilities Project (RB)
4.00%, 07/01/31 (c)		500			432,446
4.00%, 09/01/31 (c)		1,500			1,195,711
4.25%, 07/01/31 (c)		5,890			4,915,908
Public Finance Authority, The Foundation of the University of North Carolina, Inc., Series A (RB) 4.00%, 09/01/31 (c)		1,060			826,498
Public Finance Authority, Triad Educational Services, Inc., Series A (RB) 5.50%, 06/15/25 (c)		300			311,725
Public Finance Authority, Trinity Regional Hospital Sachse, Series A-1 (RB) 7.38%, 01/01/30 (c)		4,265			3,828,267
Public Finance Authority, Ultimate Medical Academy Project, Series A (RB)
5.00%, 10/01/29 (c)		1,950			2,029,491
5.00%, 10/01/29 (c)		2,000			2,093,139
Public Finance Authority, UNC Health Southeastern, Series A (RB) 4.00%, 02/01/31 (c)		1,000			947,102
Public Finance Authority, University of North Carolina at Charlotte Inc., Series A (RB) 4.00%, 09/01/31 (c)		1,000			865,306
Public Finance Authority, Wonderful Foundation Charter School Portfolio Project, Series A-1 (RB)
5.00%, 01/01/31 (c)		1,555			1,436,280
5.00%, 07/01/30 (c)		8,695			8,050,630
Wisconsin Health and Educational Facilities Authority, American Baptist Homes of the Midwest (RB) 5.00%, 08/01/24 (c)		750			745,167
Wisconsin Health and Educational Facilities Authority, Covenant Communities, Inc. Project, Series A-1 (RB) (SAW) 4.00%, 07/01/23 (c)		105			92,697

	Par
		(000’s	)		Value
Wisconsin (continued)
Wisconsin Health and Educational Facilities Authority, Covenant Communities, Inc. Project, Series B (RB) 4.38%, 07/01/23 (c)	$	850		$	636,698
Wisconsin Health and Educational Facilities Authority, Sauk-Prairie Memorial Hospital, Inc., Series A (RB) 5.25%, 02/01/23 (c)		1,150			1,158,597
Wisconsin Health and Educational Facilities Authority, St. Camillus Health System, Inc., Series A (RB)
5.00%, 11/01/26 (c)		1,950			1,973,077
5.00%, 11/01/26 (c)		2,925			2,874,244
Wisconsin Health and Educational Facilities Authority, Thedacare, Inc., (RB) 4.00%, 12/15/29 (c)		1,800			1,742,176
Wisconsin Health and Educational Facilities Authority, Wheaton Franciscan Healthcare System, Series A (RB) 5.12%, 02/01/23 (c)		3,950			3,975,955
					86,960,883
Total Municipal Bonds: 98.0% (Cost: $3,248,494,841)					2,958,974,026
Other assets less liabilities: 2.0%					58,974,833
NET ASSETS: 100.0%				$	3,017,948,859

The summary of inputs used to value the Fund’s investments as of April 30, 2022 is as follows:

	Par
		(000’s	)		Value
MUNICIPAL BONDS: 98.0%
Arizona: 2.5%
Arizona Industrial Development Authority, Educational Facility, KIPP NYC Public Charter Schools - Macombs Facility Project, Series A (RB) 4.00%, 07/01/31 (c)	$	400		$	345,926
California: 30.2%
California Health Facilities Financing Authority, Adventist Health System, Series A (RB) 3.00%, 03/01/26 (c)		275			236,460
California Statewide Communities Development Authority, Cottage Health System Obligated Group (RB) 5.00%, 11/01/24 (c)		300			318,607
City of Los Angeles Department of Airports, Series A (RB) 5.00%, 05/15/31		475			511,347
Los Angeles Unified School District, Series A (GO) 5.00%, 07/01/25 (c)		250			267,805
Orange County Local Transportation Authority, Measure M2 Sales Tax (RB) 5.00%, 02/15/23		250			256,237
San Francisco City & County, International Airport, Series E (RB) 5.00%, 05/01/29 (c)		370			399,948
State of California, Various Purpose (GO)
5.00%, 02/01/25 (c)		410			437,337
5.00%, 08/01/27		300			334,822
State of California, Various Purpose (GO) (SAW) 5.00%, 12/01/30 (c)		250			279,315
University of California, Series BB (RB) 5.00%, 05/15/29 (c)		250			274,057
University of California, Series BH (RB) 4.00%, 05/15/31 (c)		280			279,082
Val Verde Unified School District, Series A (GO) (BAM) 2.75%, 08/01/28 (c)		720			542,481
					4,137,498
Connecticut: 1.9%
State of Connecticut, Series A (GO) 4.00%, 04/15/28 (c)		250			259,497
Massachusetts: 6.6%
Commonwealth of Massachusetts Federal Highway Grant Anticipation Notes, Series A (RB) 5.00%, 06/15/24 (c)		250			262,610

	Par
		(000’s	)		Value
Massachusetts (continued)
Commonwealth of Massachusetts, Series B (GO) 5.00%, 11/01/24	$	360		$	382,959
Massachusetts Development Finance Agency, Mass General Brigham Issue, Series A-2 (RB) (SAW) 5.00%, 07/01/23		255			263,318
					908,887
Minnesota: 1.9%
State of Minnesota, State Trunk Highway, Series B (GO) 5.00%, 08/01/22		250			252,249
Nevada: 1.9%
Truckee Meadows Water Authority (RB) 5.00%, 07/01/23		250			258,536
New York: 32.0%
City of New York, Series B-1 (GO) 5.00%, 10/01/27 (c)		250			273,102
Metropolitan Transportation Authority, Series B (RB)
4.25%, 11/15/22 (c)		350			350,422
4.25%, 11/15/22 (c)		330			330,078
Nassau County Interim Finance Authority, Public Benefit Corp., Series A (RB) 5.00%, 11/15/24		250			266,736
New York City Municipal Water Finance Authority, Water & Sewer System, Series BB (RB) 5.00%, 12/15/22 (c)		255			259,592
New York City Municipal Water Finance Authority, Water and Sewer System, Series GG (RB) 5.00%, 06/15/25 (c)		400			424,919
New York City Transitional Finance Authority Future Tax, Series B-1 (RB) 5.00%, 08/01/24 (c)		300			312,888
New York City Transitional Finance Authority Future Tax, Series E-1 (RB) 5.00%, 02/01/25 (c)		250			263,062
New York State Dormitory Authority, New School, Series A (RB) 5.00%, 01/01/27 (c)		250			271,709
New York State Dormitory Authority, Series A (RB) 5.00%, 03/15/27 (c)		275			298,959
New York State Dormitory Authority, State Personal Income Tax, Series A (RB) 5.00%, 03/15/25 (c)		250			266,537

	Par
		(000’s	)		Value
New York (continued)
New York State Dormitory Authority, State University Educational Facilities Issue, Series A (RB) 4.00%, 05/15/22	$	270		$	270,261
New York State Thruway Authority, Personal Income Tax, Series A-1 (RB) 4.00%, 03/15/31 (c)		275			275,540
New York State Urban Development Corp., Personal Income, Series A (RB) 5.00%, 09/15/30 (c)		250			275,614
Triborough Bridge & Tunnel Authority, MTA Bridges and Tunnel, Series A (RB) 4.00%, 11/15/31 (c)		250			247,658
					4,387,077
North Carolina: 2.2%
University of North Carolina, Hospitals at Chapel Hill (RB) 5.00%, 02/01/45		265			302,907
Ohio: 2.8%
County of Franklin, Ohio Hospital Facilities (RB) 5.00%, 05/15/23 (c)		375			386,462
Oregon: 2.0%
Oregon State, Department of Administrative Services, State Lottery, Series D (RB) 5.00%, 04/01/25 (c)		250			266,618

	Par
		(000’s	)		Value
Pennsylvania: 4.5%
Commonwealth of Pennsylvania (GO) 5.00%, 03/15/23	$	250		$	256,746
Pennsylvania Turnpike Commission, Series B (RB) 5.00%, 06/01/31 (c)		330			363,539
					620,285
Washington: 7.7%
County of King, Washington Unlimited Tax (GO) 5.00%, 12/01/22		250			254,925
Energy Northwest, Columbia Generating Station Electric, Series A (RB) 5.00%, 07/01/22		285			286,727
Port of Seattle, Series B (RB) 5.00%, 08/01/22		250			252,181
State of Washington, Various Purpose, Series D (GO) 5.00%, 02/01/24 (c)		250			261,164
					1,054,997
Wisconsin: 1.8%
Wisconsin Health & Educational Facilities Authority, Aspipus, Inc. (RB) 4.00%, 08/15/23 (c)		250			250,312
Total Municipal Bonds: 98.0% (Cost: $14,712,851)					13,431,251
Other assets less liabilities: 2.0%					267,297
NET ASSETS: 100.0%				$	13,698,548

The summary of inputs used to value the Fund’s investments as of April 30, 2022 is as follows:

	Par
	(000’s		)	Value
MUNICIPAL BONDS: 98.6%
Alabama: 1.3%
Alabama Federal Aid Highway Finance Authority, Series A (RB)
5.00%, 09/01/26 (c)	$	340		$	374,661
5.00%, 09/01/26 (c)		10			11,019
5.00%, 09/01/27		150			168,092
Alabama Public School and College Authority, Series A (RB)
4.00%, 11/01/30 (c)		2,000			2,095,181
5.00%, 11/01/30 (c)		2,015			2,312,476
5.00%, 11/01/30 (c)		525			610,053
5.00%, 11/01/30 (c)		1,750			2,018,333
5.00%, 11/01/30 (c)		1,500			1,739,332
Auburn University, Series A (RB)
5.00%, 06/01/26 (c)		25			27,311
5.00%, 06/01/26 (c)		10			10,912
Black Belt Energy Gas District, Series A (RB) 4.00%, 12/01/31 (c) (p)		4,000			4,114,535
Board of Trustees of the University of Alabama, Series B (RB) 3.00%, 07/01/27 (c)		860			847,976
County of Jefferson (RB)
4.00%, 03/15/27 (c)		1,750			1,792,787
5.00%, 03/15/27 (c)		800			883,730
5.00%, 03/15/27 (c)		100			109,159
5.00%, 03/15/27 (c)		525			581,307
Southeast Energy Authority A Cooperative District (RB) 4.00%, 10/01/28 (c) (p)		1,000			1,016,221
State of Alabama, Series A (GO) 5.00%, 11/01/28 (c)		675			764,765
UAB Medicine Finance Authority, Series B (RB)
5.00%, 09/01/26 (c)		150			162,343
5.00%, 09/01/26 (c)		225			243,705
UAB Medicine Finance Authority, Series B-1 (RB) 5.00%, 03/01/27 (c)		280			305,423
University of Alabama, Board of Trustee, Series A (RB)
3.00%, 07/01/29 (c)		415			396,666
4.00%, 07/01/29 (c)		820			854,763
					21,440,750
Alaska: 0.2%
Alaska Housing Finance Corp., Series A (RB)
4.00%, 06/01/27 (c)		900			945,868
4.00%, 06/01/27 (c)		125			131,491
5.00%, 06/01/27 (c)		590			648,021
State of Alaska, International Airports System, Series A (RB)
5.00%, 10/01/25 (c)		305			325,178

	Par
	(000’s		)	Value
Alaska (continued)
State of Alaska, International Airports System, Series B (RB) 5.00%, 10/01/25 (c)	$	635		$	675,735
State of Alaska, Series B (GO)
5.00%, 08/01/25 (c)		250			268,629
5.00%, 08/01/25 (c)		205			219,614
					3,214,536
Arizona: 1.2%
Arizona Transportation Board, Highway Revenue (RB)
5.00%, 07/01/26 (c)		835			910,764
5.00%, 07/01/26 (c)		1,050			1,143,111
City of Mesa, Utility System (RB) 5.00%, 07/01/26 (c)		270			294,944
City of Phoenix Civic Improvement Corp., Junior Lien Wastewater System (RB)
5.00%, 07/01/26 (c)		150			163,178
5.00%, 07/01/26 (c)		620			677,534
5.00%, 07/01/26 (c)		860			940,161
5.00%, 07/01/26 (c)		120			130,938
City of Phoenix Civic Improvement Corp., Junior Lien Water System, Series A (RB) 5.00%, 07/01/31 (c)		1,000			1,156,039
City of Phoenix Civic Improvement Corp., Rental Car Facility Charge, Series A (RB)
5.00%, 07/01/29 (c)		1,000			1,113,700
5.00%, 07/01/29 (c)		1,275			1,415,592
City of Phoenix Civic Improvement Corp., Senior Lien Airport Revenue, Series B (RB)
5.00%, 07/01/27 (c)		250			275,190
5.00%, 07/01/27 (c)		100			109,446
5.00%, 07/01/27 (c)		250			272,979
City of Phoenix Civic Improvement Corp., Senior Lien Airport Revenue, Series D (RB)
5.00%, 07/01/27 (c)		550			597,297
5.00%, 07/01/27 (c)		120			131,700
City of Phoenix Civic Improvement Corp., Water System, Series A (RB) 5.00%, 07/01/31 (c)		800			933,559
Maricopa County High School District No. 210 (GO) 5.00%, 07/01/27 (c)		250			277,146
Maricopa County Industrial Development Authority, Banner Health, Series A (RB)
3.12%, 01/01/27 (c)		20			19,397
5.00%, 01/01/27 (c)		605			658,139
5.00%, 01/01/28		215			237,934
5.00%, 01/01/29		710			794,137

	Par
	(000’s		)	Value
Arizona (continued)
Maricopa County Special Health Care District, Series C (GO)
5.00%, 07/01/25	$	190		$	203,771
5.00%, 07/01/26		240			262,172
5.00%, 07/01/27		295			326,433
Maricopa County, Arizona Pollution Control, Southern California Edison Company, Series A (RB) 2.40%, 12/01/31 (c)		1,150			963,197
Maricopa County, Arizona Pollution Control, Southern California Edison Company, Series B (RB) 2.40%, 12/01/31 (c)		1,500			1,256,344
Maricopa County, Industrial Development Authority, Honor Health, Series A (RB) 5.00%, 09/01/28 (c)		550			608,525
Salt River Project Agricultural Improvement and Power District, Series A (RB)
5.00%, 01/01/28 (c)		2,380			2,652,963
5.00%, 01/01/28 (c)		250			277,909
Salt Verde Financial Corp. (RB) 5.00%, 12/01/37		1,000			1,095,466
					19,899,665
Arkansas: 0.1%
City of Fayetteville, Sales and Use Tax Capital Improvements, Series A (RB) 2.00%, 11/01/26 (c)		305			289,006
City of Fort Worth, Water and Sewer Construction (RB) 5.00%, 10/01/28 (c)		280			306,530
City of Rogers, Sales and Use Tax, Series B (RB) 5.00%, 11/01/26 (c)		1,000			1,092,376
Little Rock School District of Pulaski County, Series A (GO) (AGM) 2.00%, 02/01/27 (c)		1,000			779,697
					2,467,609
California: 16.1%
Anaheim Housing and Public Improvements Authority, Series B (RB)
5.00%, 04/01/23 (c)		270			277,152
5.00%, 04/01/23 (c)		1,000			1,026,488
Bay Area Toll Authority, Series S-7 (RB)
3.25%, 04/01/27 (c)		1,270			1,212,153
4.00%, 04/01/27 (c)		1,085			1,124,976
California Community Choice, Financing Authority Clean Energy Project, Series B-1 (RB) 4.00%, 08/01/31 (c) (p)		3,500			3,553,941

	Par
	(000’s		)	Value
California (continued)
California Health Facilities Financial Authority, Series C (RB) 5.00%, 11/01/29 (p)	$	2,000		$	2,268,488
California Health Facilities Financing Authority, Adventist Health System West, Series A (RB) 4.00%, 03/01/26 (c)		90			93,846
California Health Facilities Financing Authority, Cedars-Sinai Medical Center, Series A (RB) 5.00%, 08/15/26 (c)		310			337,638
California Health Facilities Financing Authority, Cedars-Sinai Medical Center, Series B (RB) 3.00%, 08/15/26 (c)		400			380,439
California Health Facilities Financing Authority, CommonSpirit Health, Series A (RB)
4.00%, 04/01/30 (c)		500			497,330
4.00%, 04/01/30 (c)		1,060			1,060,624
4.00%, 04/01/30 (c)		450			451,781
California Health Facilities Financing Authority, El Camino Hospital (RB) 3.75%, 02/01/27 (c)		175			179,921
California Health Facilities Financing Authority, Stanford Health Care, Series A (RB) 5.00%, 11/15/27 (c)		750			830,384
California Health Facilities Financing Authority, Sutter Health, Series A (RB)
5.00%, 11/15/27 (c)		450			493,886
5.00%, 11/15/27 (c)		1,575			1,719,384
5.00%, 11/15/27 (c)		150			163,910
California Housing Finance Agency, Series A (RB) 3.50%, 11/20/35		1,232			1,233,006
California Infrastructure and Economic Development Bank, Clean Water State (RB)
5.00%, 10/01/25		100			108,477
5.00%, 10/01/25		100			108,477
5.00%, 10/01/26		150			165,608
5.00%, 04/01/26 (c)		550			601,402
5.00%, 04/01/26 (c)		55			59,883
5.00%, 04/01/27 (c)		170			186,709
5.00%, 08/01/29 (c)		775			871,836
California Municipal Finance Authority, Community Medical Centers, Series A (RB) 5.00%, 02/01/27 (c)		840			922,631

	Par
	(000’s		)	Value
California (continued)
California Municipal Finance Authority, Eisenhower Medical Center, Series A (RB) 5.00%, 07/01/27 (c)	$	925		$	1,004,789
California State Public Works Board, Department of Corrections and Rehabilitation, Series D (RB)
3.00%, 09/01/27 (c)		360			352,001
3.00%, 09/01/27 (c)		500			494,951
5.00%, 09/01/24 (c)		270			285,223
California State Public Works Board, Department of General Services, Series F (RB) 5.00%, 05/01/25 (c)		330			352,784
California State Public Works Board, Various Capital Projects, Series B (RB)
5.00%, 10/01/27 (c)		120			132,979
5.00%, 10/01/27 (c)		1,835			2,045,160
5.00%, 10/01/27 (c)		340			377,854
California State Public Works Board, Various Capital Projects, Series C (RB)
3.38%, 03/01/27 (c)		100			98,607
4.00%, 11/01/26 (c)		425			442,382
5.00%, 11/01/26 (c)		30			32,771
5.00%, 11/01/26 (c)		30			32,904
5.00%, 11/01/26 (c)		45			49,257
California State Public Works Board, Various Capital Projects, Series D (RB) 5.00%, 10/01/26 (c)		400			438,116
California State Public Works Board, Various Correctional Facilities, Series C (RB) 5.00%, 11/01/28 (c)		950			1,064,291
California State University, Series A (RB)
5.00%, 11/01/25 (c)		35			37,522
5.00%, 05/01/26 (c)		10			10,810
5.00%, 05/01/26 (c)		160			175,173
5.00%, 05/01/27 (c)		510			558,574
5.00%, 05/01/27 (c)		225			245,556
California Statewide Communities Development Authority, Front Porch Communities and Services, Series A (RB) 4.00%, 04/01/31 (c)		1,400			1,425,673
California Statewide Communities Development Authority, Kaiser Permanente, Series C (RB) 5.00%, 11/01/29 (p)		1,675			1,899,859

	Par
	(000’s		)	Value
California (continued)
California Statewide Communities Development Authority, Kaiser Permanente, Series D (RB) 5.00%, 11/01/29 (p)	$	2,000		$	2,268,488
California Statewide Communities Development Authority, Kaiser Permanente, Series L (RB) 5.00%, 11/01/29 (p)		1,500			1,701,366
California Statewide Communities Development Authority, Methodist Hospital of Southern California (RB)
5.00%, 01/01/28 (c)		1,000			1,083,859
5.00%, 01/01/28 (c)		315			342,691
5.00%, 01/01/28 (c)		760			825,562
California Statewide Communities Development Authority, Pollution Control, Southern California Edison Company, Series A (RB) 1.75%, 11/19/26 (c)		3,000			2,639,904
California Statewide Communities Development Authority, University of California, Irvine East Campus Apartments (RB) (BAM) 4.00%, 05/15/31 (c)		1,000			1,016,692
Chabot-Las Positas Community College District (GO) 4.00%, 08/01/26 (c)		140			143,286
City and County of San Francisco, 49 South Van Ness Project (CP) (AGM) 4.00%, 04/01/27 (c)		1,000			1,030,330
City and County of San Francisco, Series B (CP) 3.00%, 10/01/25 (c)		255			254,565
City of Bakersfield, Wastewater Revenue, Series A (RB) 5.00%, 09/15/25 (c)		15			16,145
City of Concord, Capital Improvement Project (CP) 2.00%, 04/01/31 (c)		1,400			1,051,546
City of Los Angeles, Department of Airports, Los Angeles International Airport, Series B (RB)
4.00%, 05/15/30 (c)		1,000			1,031,703
5.00%, 05/15/31 (c)		1,400			1,577,499
5.00%, 05/15/31 (c)		500			564,790
City of Los Angeles, Solid Waste Resources, Series A (RB) 4.00%, 02/01/28 (c)		405			415,499
City of Los Angeles, Wastewater System, Series A (RB) 5.00%, 06/01/27 (c)		565			623,933

	Par
	(000’s		)	Value
California (continued)
City of San Jose, Refunding, Libraries, Parks and Public Safety Projects, Series C (GO) (AGM) 5.00%, 03/01/29 (c)	$	200		$	226,306
Contra Costa Transportation Authority (RB) 5.00%, 03/01/25 (c)		20			21,262
County of Sacramento, Airport System, Series E (RB)
5.00%, 07/01/27		275			302,495
5.00%, 07/01/28 (c)		150			164,638
County of Santa Clara, Series C (GO)
3.00%, 08/01/27 (c)		245			238,139
5.00%, 08/01/27 (c)		125			139,250
5.00%, 08/01/27 (c)		525			579,975
Desert Community College District (GO) 5.00%, 08/01/27 (c)		145			158,924
East Bay Municipal Utility District, Water System, Series A (RB) 5.00%, 06/01/27 (c)		460			506,835
East Bay Municipal Utility District, Water System, Series B (RB)
5.00%, 06/01/27 (c)		220			243,387
5.00%, 06/01/27 (c)		145			161,651
East Side Union High School District, Series B (GO) (AGM) 3.00%, 08/01/27 (c)		2,590			2,438,179
Eastern Municipal Water District Financing Authority, Water and Wastewater, Series A (RB) 5.00%, 07/01/30 (c)		1,070			1,222,951
Eastern Municipal Water District, Financing Authority, California Water and Wastewater, Series B (RB) (SAW) 5.00%, 07/01/26 (c)		140			152,645
Eastern Municipal Water District, Water and Wastewater Revenue, Series A (RB)
5.00%, 07/01/26 (c)		25			27,372
5.00%, 07/01/26 (c)		100			109,238
Eastern Municipal Water District, Water and Wastewater Revenue, Series B (RB) (SAW) 5.00%, 07/01/26 (c)		5			5,468
El Camino Healthcare District (GO) 4.00%, 02/01/27 (c)		250			257,162

	Par
	(000’s		)	Value
California (continued)
El Dorado Irrigation District, Series C (RB) 5.00%, 03/01/26 (c)	$	250		$	273,016
Fontana Redevelopment Agency Successor Agency (TA)
5.00%, 10/01/26		205			225,341
5.00%, 10/01/27 (c)		760			840,685
Foothill-De Anza Community College District (GO) 3.00%, 08/01/31 (c)		1,500			1,366,226
Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement, Series A (RB) 5.00%, 06/01/25 (c)		220			236,581
Golden State Tobacco Securitization Corp., Tobacco Settlement, Series A-1 (RB)
5.00%, 06/01/28 (c)		1,000			1,137,633
5.00%, 06/01/28 (c)		2,380			2,707,565
Kern High School District, Series A (GO) (AGM) 2.00%, 08/01/30 (c)		3,000			2,562,652
Kern High School District, Series C (GO) (AGM) 2.00%, 08/01/30 (c)		1,600			1,404,045
Long Beach Unified School District (GO) 5.00%, 08/01/26 (c)		105			115,306
Los Angeles Community College District, Series A (GO)
5.00%, 08/01/24 (c)		175			185,255
5.00%, 08/01/24 (c)		330			349,339
Los Angeles Community College District, Series G (GO) 5.00%, 08/01/24 (c)		170			179,962
Los Angeles Community College District, Series I (GO)
4.00%, 08/01/26 (c)		170			174,861
4.00%, 08/01/26		25			26,558
4.00%, 08/01/26 (c)		135			142,510
Los Angeles Community College District, Series J (GO)
4.00%, 08/01/27 (c)		750			780,160
4.00%, 08/01/27 (c)		400			418,034
5.00%, 08/01/27 (c)		100			111,556
Los Angeles County Metropolitan Transportation Authority (RB)
4.00%, 06/01/30 (c)		1,000			1,025,623
5.00%, 06/01/30 (c)		1,000			1,137,286
5.00%, 07/01/31 (c)		2,000			2,305,165
Los Angeles County Metropolitan Transportation Authority, Series A (RB)
4.00%, 07/01/26 (c)		50			52,132
5.00%, 06/01/26 (c)		115			125,958
5.00%, 06/01/26 (c)		375			409,061
5.00%, 06/01/26 (c)		165			179,188

	Par
	(000’s		)	Value
California (continued)
5.00%, 07/01/27 (c)	$	795		$	880,517
5.00%, 07/01/27 (c)		285			318,274
5.00%, 07/01/31 (c)		900			1,042,019
5.00%, 07/01/31 (c)		705			815,299
Los Angeles County Public Works Financing Authority, Series E-1 (RB) 5.00%, 12/01/29 (c)		450			507,237
Los Angeles Department of Water and Power, Series A (RB)
5.00%, 01/01/26 (c)		155			167,923
5.00%, 01/01/27 (c)		1,010			1,102,851
5.00%, 01/01/28 (c)		500			556,384
5.00%, 01/01/28 (c)		500			553,356
5.00%, 01/01/28 (c)		115			129,465
5.00%, 07/01/29		1,000			1,146,805
Los Angeles Department of Water and Power, Series B (RB)
5.00%, 01/01/26 (c)		35			37,969
5.00%, 01/01/27 (c)		1,000			1,090,108
5.00%, 01/01/27 (c)		275			299,154
5.00%, 06/01/25 (c)		180			193,567
5.00%, 07/01/23 (c)		1,000			1,029,007
5.00%, 07/01/27		110			122,674
5.00%, 07/01/28 (c)		110			123,408
Los Angeles Department of Water and Power, Series C (RB)
5.00%, 07/01/24 (c)		250			263,557
5.00%, 07/01/24 (c)		100			105,185
5.00%, 07/01/27 (c)		500			547,481
5.00%, 07/01/27 (c)		1,100			1,218,884
5.00%, 07/01/27 (c)		200			218,592
5.00%, 07/01/29 (c)		1,680			1,883,607
5.00%, 07/01/30 (c)		1,500			1,706,916
5.00%, 07/01/30 (c)		1,125			1,285,860
Los Angeles Department of Water and Power, Series D (RB) 5.00%, 07/01/28 (c)		125			138,516
Los Angeles Unified School District, AD Valorem Property Tax, Series RYRR (GO)
4.00%, 01/01/32 (c)		1,500			1,544,727
5.00%, 01/01/32 (c)		1,300			1,501,371
Los Angeles Unified School District, Series A (GO)
4.00%, 07/01/29 (c)		1,580			1,656,216
5.00%, 07/01/25 (c)		135			144,954
5.00%, 07/01/25 (c)		695			744,279
5.00%, 07/01/25 (c)		25			26,781
5.00%, 07/01/26		120			131,433
5.00%, 07/01/28		250			282,188
5.00%, 07/01/29 (c)		1,720			1,953,902
5.00%, 07/01/30		500			578,793

	Par
		(000’s	)		Value
California (continued)
Los Angeles Unified School District, Series B (GO)
2.00%, 07/01/26 (c)	$	270		$	248,565
5.00%, 07/01/26 (c)		915			999,154
5.00%, 07/01/26 (c)		885			966,760
Los Angeles Unified School District, Series B-1 (GO)
5.00%, 01/01/28 (c)		645			715,794
5.00%, 01/01/28 (c)		585			645,173
5.00%, 01/01/28 (c)		295			322,617
Los Angeles Unified School District, Series C (GO)
3.00%, 07/01/30 (c)		1,880			1,751,218
4.00%, 07/01/30 (c)		360			374,508
4.00%, 07/01/30 (c)		2,000			2,063,882
Los Angeles Unified School District, Series RYQ (GO) 4.00%, 07/01/30 (c)		1,000			1,025,835
Los Angeles Unified School District, Series RYQ (GO) (BAM) 5.00%, 07/01/29		3,675			4,204,226
Metropolitan Water District of Southern California, Series B (RB) 5.00%, 07/01/28 (c)		100			112,942
Municipal Improvement Corp. of Los Angeles, Series B (RB)
5.00%, 11/01/26 (c)		135			148,069
5.00%, 11/01/26 (c)		615			672,627
Norman Y Mineta San Jose International Airport (RB) (BAM) 4.00%, 03/01/31 (c)		325			333,420
Northern California Transmission Agency Project, Series A (RB)
5.00%, 05/01/26 (c)		45			49,178
5.00%, 05/01/26 (c)		40			43,634
Oakland Unified School District (GO)
5.00%, 08/01/26 (c)		385			420,518
5.00%, 08/01/26 (c)		625			678,214
5.00%, 08/01/26 (c)		175			190,631
Oakland Unified School District, Series C (GO) 5.00%, 08/01/27 (c)		400			438,411
Palm Springs Unified School District, Series A (GO) (AGM)
1.25%, 08/01/29 (c)		4,000			3,283,755
1.25%, 08/01/29 (c)		1,265			1,006,358
1.50%, 08/01/29 (c)		3,000			2,317,706
1.50%, 08/01/29 (c)		2,500			1,971,942
1.75%, 08/01/29 (c)		3,000			2,335,769
Palm Springs Unified School District, Series D (GO) 3.00%, 08/01/26 (c)		160			160,071

	Par
	(000’s		)	Value
California (continued)
Placentia-Yorba Linda Unified School District, Series A (CP) (AGM) 4.00%, 10/01/25 (c)	$	260		$	270,452
Public Utilities Commission of the City and County of San Francisco, Water Revenue, Series A (RB)
4.00%, 11/01/26 (c)		100			104,343
5.00%, 11/01/26 (c)		25			27,365
5.00%, 11/01/26 (c)		170			187,366
5.00%, 05/01/25 (c)		230			246,360
Public Utilities Commission of the City and County of San Francisco, Water Revenue, Series D (RB)
5.00%, 11/01/27 (c)		785			862,877
5.00%, 11/01/27 (c)		255			285,502
Regents of the University of California, Medical Center Pooled Revenue, Series L (RB) 5.00%, 05/15/26 (c)		650			699,975
Riverside Community College District (GO) 5.00%, 08/01/25 (c)		170			183,880
Riverside County Transportation Commission, Series B (RB) 5.00%, 12/01/27 (c)		560			617,926
Riverside Redevelopment Agency Successor Agency, Series A (TA) (AGM) 5.00%, 09/01/26		125			136,508
Sacramento City Financing Authority, Master Lease Program Facilities (RB) (BAM)
5.00%, 12/01/25 (c)		110			119,066
5.00%, 12/01/25 (c)		210			227,606
Sacramento County Sanitation Districts Financing Authority, Series A (RB) 5.00%, 06/01/24 (c)		170			178,931
San Diego Association of Governments, South Bay Expressway, Series A (RB)
5.00%, 07/01/27 (c)		500			547,451
5.00%, 07/01/27 (c)		705			769,836
San Diego Community College District (GO) 5.00%, 08/01/26 (c)		65			71,738
San Diego County Regional Airport Authority, Series A (RB) 5.00%, 07/01/29 (c)		535			586,830
San Diego County Regional Airport Authority, Series B (RB)
5.00%, 07/01/30 (c)		1,630			1,818,186
5.00%, 07/01/30 (c)		2,075			2,300,378

	Par
	(000’s		)	Value
California (continued)
5.00%, 07/01/30 (c)	$	1,295		$	1,430,759
San Diego County Regional Transportation Commission, Series A (RB) 5.00%, 04/01/26 (c)		105			113,996
San Diego County Water Authority, Series A (RB) 5.00%, 05/01/25 (c)		75			80,514
San Diego County Water Authority, Series B (RB) 4.00%, 05/01/31 (c)		2,000			2,110,325
San Diego County, Edgemoor and RCS Refunding, Series A (CP) 5.00%, 10/15/24 (c)		150			158,822
San Diego Public Facilities Financing Authority (RB) 5.00%, 10/15/25 (c)		150			161,762
San Diego Public Facilities Financing Authority, Series A (RB) 5.00%, 05/15/26 (c)		135			147,854
San Diego Regional Building Authority, Series A (RB) 5.00%, 10/15/25 (c)		555			597,559
San Diego Unified School District, Series I (GO) 5.00%, 07/01/27 (c)		650			715,645
San Diego Unified School District, Series R-5 (GO) 4.00%, 07/01/26 (c)		20			20,905
San Francisco Bay Area Rapid Transit District, Series F-1 (GO)
5.00%, 08/01/28		900			1,024,831
5.00%, 08/01/29 (c)		140			157,905
5.00%, 08/01/29 (c)		110			125,052
San Francisco Community College District (GO) 5.00%, 06/15/25		140			150,236
San Francisco County Transportation Authority (RB)
3.00%, 02/01/27 (c)		500			489,697
3.00%, 02/01/27 (c)		135			134,139
4.00%, 02/01/27		105			111,653
4.00%, 02/01/27 (c)		325			341,816
San Francisco Unified School District, Series B (GO) 4.00%, 06/15/28 (c)		2,000			2,075,850
San Joaquin County Transportation Authority (RB) 5.00%, 03/01/27 (c)		165			180,292
San Joaquin County, Administration Building Project (CP) (AGM)
5.00%, 11/15/27 (c)		520			581,089
5.00%, 11/15/27 (c)		500			560,103

	Par
	(000’s		)	Value
California (continued)
San Joaquin Delta Community College District, Series A (GO) 5.00%, 08/01/25 (c)	$	25		$	27,001
San Jose Redevelopment Agency, Series A (TA) 5.00%, 08/01/27 (c)		230			252,839
San Marcos Unified School District (GO)
4.00%, 08/01/27 (c)		400			415,497
5.00%, 08/01/27 (c)		350			383,610
5.00%, 08/01/27 (c)		360			398,622
5.00%, 08/01/27 (c)		515			571,579
San Mateo Union High School District, Series C (GO) 4.00%, 09/01/26 (c)		770			796,170
Santa Clara County Financing Authority, Capital Facilities, Series A (RB)
4.00%, 05/01/31 (c)		840			869,400
5.00%, 05/01/31 (c)		3,855			4,423,802
Santa Clara County Financing Authority, Multiple Facilities Projects, Series Q (RB)
4.00%, 05/15/25 (c)		400			409,916
4.00%, 05/15/25 (c)		760			780,638
Santa Clara County, San Jose Evergreen Community College District, Series B (GO) 3.00%, 09/01/28 (c)		785			762,780
Santa Clara Unified School District (GO)
3.00%, 07/01/26 (c)		100			96,814
3.00%, 07/01/26 (c)		1,535			1,443,673
Santa Clara Valley Water District, Series A (RB) 5.00%, 12/01/25 (c)		25			26,963
Sequoia Union High School District (GO) 3.00%, 07/01/26 (c)		500			503,879
Southern California Public Power Authority, Milford Wind Corridor Phase I Project (RB) 5.00%, 07/01/29		100			114,681
State of California (GO)
3.00%, 10/01/29 (c)		2,000			1,879,020
4.00%, 04/01/31 (c)		2,000			2,089,163
5.00%, 10/01/30		2,000			2,307,155
5.00%, 11/01/28 (c)		2,585			2,863,761
5.00%, 09/01/29		1,000			1,141,379
State of California, Department of Water Resources, Central Valley Project, Series AW (RB) 5.00%, 12/01/26 (c)		50			54,755
State of California, Department of Water Resources, Central Valley Project, Series AX (RB)
5.00%, 12/01/27 (c)		100			111,159
5.00%, 12/01/27 (c)		915			1,020,101

	Par
	(000’s		)	Value
California (continued)
State of California, Department of Water Resources, Central Valley Project, Series BA (RB) (AGM) 5.00%, 06/01/29 (c)	$	365		$	412,761
State of California, Series CL (GO) 3.75%, 12/01/24 (c)		10			9,991
State of California, Various Purpose (GO)
3.00%, 10/01/29 (c)		350			315,752
3.12%, 04/01/29 (c)		1,575			1,486,411
4.00%, 11/01/27 (c)		100			105,082
4.00%, 11/01/30 (c)		3,445			3,592,040
4.00%, 03/01/29		2,000			2,148,080
4.00%, 03/01/30 (c)		9,500			9,802,983
4.00%, 03/01/30 (c)		2,000			2,047,097
4.00%, 08/01/26 (c)		700			725,101
4.00%, 08/01/26 (c)		130			134,030
5.00%, 10/01/28		1,300			1,469,286
5.00%, 10/01/28 (c)		300			338,616
5.00%, 10/01/29		4,500			5,141,260
5.00%, 10/01/29		1,000			1,142,502
5.00%, 10/01/29 (c)		2,340			2,674,494
5.00%, 10/01/29 (c)		3,425			3,892,261
5.00%, 10/01/31		4,000			4,666,722
5.00%, 11/01/27 (c)		2,645			2,931,405
5.00%, 11/01/27 (c)		2,480			2,769,921
5.00%, 11/01/27 (c)		1,020			1,134,285
5.00%, 11/01/27 (c)		1,000			1,115,822
5.00%, 11/01/28		400			452,605
5.00%, 11/01/30 (c)		1,610			1,838,615
5.00%, 11/01/30		1,000			1,154,602
5.00%, 12/01/28		1,000			1,132,752
5.00%, 12/01/30 (c)		2,000			2,278,898
5.00%, 03/01/30 (c)		1,250			1,416,362
5.00%, 04/01/24 (c)		500			521,826
5.00%, 04/01/26 (c)		1,075			1,168,353
5.00%, 04/01/28		710			796,984
5.00%, 04/01/29 (c)		150			168,478
5.00%, 04/01/29		1,735			1,970,382
5.00%, 04/01/29 (c)		3,500			3,914,215
5.00%, 04/01/30		2,590			2,971,795
5.00%, 04/01/31		380			440,908
5.00%, 04/01/32		4,270			4,996,649
5.00%, 08/01/26 (c)		190			205,782
5.00%, 08/01/26 (c)		1,165			1,273,457
5.00%, 08/01/26 (c)		115			124,504
5.00%, 08/01/26 (c)		905			982,431
5.00%, 08/01/26 (c)		150			164,280
5.00%, 08/01/27 (c)		3,785			4,212,564
5.00%, 08/01/27 (c)		2,445			2,718,663
5.00%, 08/01/27 (c)		950			1,052,898
5.00%, 08/01/28 (c)		275			308,789
5.00%, 08/01/28		750			845,724
5.00%, 08/01/28 (c)		2,745			3,036,137
5.00%, 09/01/23 (c)		345			356,873
5.00%, 09/01/25 (c)		30			32,377

	Par
	(000’s		)	Value
California (continued)
5.00%, 09/01/26 (c)	$	150		$	164,516
5.00%, 09/01/26 (c)		125			136,455
State Public Works Board, Various Capital Projects, Series B (RB)
4.00%, 05/01/31 (c)		1,500			1,532,362
4.00%, 05/01/31 (c)		2,000			2,046,961
Stockton Unified School District (GO)
5.00%, 02/01/26 (c)		100			107,911
5.00%, 02/01/26 (c)		100			108,134
Successor Agency to the Redevelopment Agency of the City of San Diego, Series A (TA) 5.00%, 09/01/25 (c)		335			361,580
Trustees of the California State University, Series A (RB)
4.00%, 05/01/26 (c)		250			264,090
5.00%, 05/01/26 (c)		410			446,437
Tuolumne Wind Project Authority, Series A (RB) 5.00%, 01/01/27		125			138,273
Turlock Irrigation District (RB)
5.00%, 01/01/30 (c)		1,000			1,131,050
5.00%, 01/01/30 (c)		500			563,755
University of California, Series AO (RB) 5.00%, 05/15/25 (c)		130			139,198
University of California, Series AR (RB) 5.00%, 05/15/26 (c)		10			10,880
University of California, Series AY (RB) 5.00%, 05/15/27 (c)		625			691,322
University of California, Series AZ (RB)
5.00%, 05/15/28 (c)		310			346,037
5.00%, 05/15/28 (c)		275			310,459
University of California, Series BE (RB) 5.00%, 05/15/30 (c)		1,500			1,702,088
University of California, Series O (RB) 5.00%, 05/15/28 (c)		1,170			1,288,554
West Basin Municipal Water District, Series A (RB)
5.00%, 02/01/26 (c)		100			108,990
5.00%, 02/01/26 (c)		155			168,587
West Contra Costa Unified School District, Series A (GO) 5.00%, 08/01/25 (c)		20			21,426
					272,873,882
Colorado: 2.2%
Adams and Arapahoe Joint School District No. 28J, Series A (GO) (SAW) 5.00%, 12/01/26 (c)		540			595,266

	Par
	(000’s		)	Value
Colorado (continued)
Board of Governors of Colorado State University System (RB)
5.00%, 03/01/28 (c)	$	510		$	566,432
5.00%, 03/01/28 (c)		935			1,031,138
Board of Water Commissioners City & County of Denver/The (RB) 5.00%, 12/15/31 (c)		1,500			1,762,793
Cherry Creek School District No. 5 (GO) (SAW) 5.00%, 12/15/25 (c)		1,000			1,082,482
City and County of Denver, Acting By and Through its Board of Water Commissioners, Series A (RB) 5.00%, 12/15/29		5,700			6,616,359
City and County of Denver, Series A (RB)
4.00%, 08/01/31 (c)		1,255			1,323,346
5.00%, 08/01/26 (c)		150			164,027
City and County of Denver, Series A-2 (RB) 0.00%, 08/01/26 (c) ^		200			127,092
City of Colorado Springs, Utilities System, Series A-1 (RB)
5.00%, 11/15/27 (c)		100			111,639
5.00%, 11/15/27 (c)		110			123,223
5.00%, 11/15/27 (c)		120			133,966
Colorado Health Facilities Authority, CommonSpirit Health, Series A-1 (RB) 5.00%, 08/01/29 (c)		155			168,650
Colorado Higher Education, Series A (CP) 5.00%, 11/01/26		115			126,337
Denver City and County School District No. 1 (GO) (SAW)
4.00%, 12/01/30 (c)		3,000			3,153,231
5.00%, 12/01/30 (c)		1,000			1,148,746
Denver Convention Center Hotel Authority (RB)
5.00%, 12/01/26 (c)		250			264,824
5.00%, 12/01/26 (c)		570			601,970
El Paso County School District No. 20 (GO) (SAW) 5.00%, 12/15/26 (c)		295			324,861
Jefferson County School District R-1 (GO) 5.00%, 12/15/28 (c)		1,110			1,263,210
Mesa County Valley School District No. 51 (GO) (SAW)
5.00%, 12/01/27 (c)		500			560,452
5.00%, 12/01/27 (c)		500			561,832
5.25%, 12/01/27 (c)		200			226,536
Metro Wastewater Reclamation District (RB) (SAW) 3.00%, 04/01/30 (c)		2,000			1,823,876

	Par
	(000’s		)	Value
Colorado (continued)
Pueblo City Schools No. 60 (GO) (SAW) 3.00%, 12/15/29 (c)	$	500		$	458,189
Regional Transportation District, Fastracks Project, Series B (RB)
5.00%, 11/01/27 (c)		1,995			2,205,679
5.00%, 11/01/27 (c)		100			110,936
5.00%, 11/01/28		1,000			1,139,800
State of Colorado, Series A (CP)
4.00%, 12/15/31 (c)		1,750			1,827,588
5.00%, 12/15/31 (c)		2,000			2,292,482
State of Colorado, Series K (CP) 5.00%, 03/15/27 (c)		410			451,567
State of Colorado, Series M (CP) 5.00%, 03/15/28 (c)		190			212,808
University of Colorado, Series A-2 (RB)
3.00%, 06/01/24 (c)		800			793,462
4.00%, 06/01/28 (c)		500			538,487
5.00%, 06/01/28		155			174,566
Weld County School District No. 6 (GO) (SAW) 5.00%, 12/01/29 (c)		2,165			2,440,375
Windy Gap Firming Project Water Activity Enterprise (RB) 5.00%, 07/15/31 (c)		1,000			1,148,456
					37,656,683
Connecticut: 2.4%
Connecticut Housing Finance Authority Housing Mortgage Finance Program, Series A-1 (RB) (SAW) 1.70%, 05/15/30 (c)		1,290			1,062,670
Connecticut Housing Finance Authority Housing Mortgage Finance Program, Series C-1 (RB) 2.05%, 11/15/29 (c)		260			209,275
Connecticut Housing Finance Authority, Series A-1 (RB)
3.65%, 11/15/26 (c)		95			94,707
3.88%, 11/15/26 (c)		35			35,065
Connecticut Housing Finance Authority, Series D-1 (RB) 3.20%, 11/15/26 (c)		260			251,584
Connecticut Housing Finance Authority, Series F-1 (RB) 3.05%, 05/15/26 (c)		140			137,129
Connecticut State Health and Educational Facilities Authority, Hardford Health Issue, Series A (RB) (SD CRED PROG) 5.00%, 01/01/30 (c)		335			369,200

	Par
	(000’s		)	Value
Connecticut (continued)
Connecticut State Health and Educational Facilities Authority, Masonicare Issue, Series F (RB) 4.00%, 07/01/26 (c)	$	250		$	254,016
Connecticut State Health and Educational Facilities Authority, Nuvance Health Issue, Series A (RB)
4.00%, 07/01/29 (c)		525			528,258
4.00%, 07/01/29 (c)		625			629,613
5.00%, 07/01/29 (c)		2,200			2,381,325
Connecticut State Health and Educational Facilities Authority, Yale University Issue, Series B-1 (RB) (AGM) 5.00%, 07/01/29		1,000			1,155,247
Metropolitan District, Series A (GO) 4.00%, 09/01/31 (c)		800			847,203
South Central Connecticut Regional Water Authority, Series B (RB) 5.00%, 08/01/26 (c)		25			27,254
State of Connecticut Special Tax, Series A (RB)
4.00%, 05/01/31 (c)		1,500			1,540,453
4.00%, 09/01/26 (c)		785			813,084
5.00%, 01/01/28 (c)		190			209,275
5.00%, 05/01/31 (c)		1,500			1,708,752
5.00%, 05/01/31		1,650			1,902,009
5.00%, 09/01/26 (c)		200			215,951
5.00%, 09/01/26 (c)		475			513,685
State of Connecticut Special Tax, Series A (ST) 5.00%, 05/01/30 (c)		2,500			2,798,215
State of Connecticut, Series A (GO)
3.00%, 01/15/31 (c)		1,000			934,813
3.00%, 01/15/31 (c)		2,200			2,128,464
3.00%, 01/15/31 (c)		1,000			910,366
4.00%, 01/15/31		1,780			1,906,722
5.00%, 04/15/27 (c)		680			747,917
5.00%, 04/15/28 (c)		1,000			1,098,461
State of Connecticut, Series A (GO) (SBG) 5.00%, 04/15/29		1,000			1,133,522
State of Connecticut, Series A (RB) 5.00%, 05/01/27 (c)		350			384,017
State of Connecticut, Series B (GO) 5.00%, 04/15/27		135			149,404
State of Connecticut, Series B (GO) (BAM) 3.00%, 06/01/29		1,000			995,941
State of Connecticut, Series C (GO) 4.00%, 06/01/30 (c)		850			880,041

	Par
	(000’s		)	Value
Connecticut (continued)
4.00%, 06/15/28 (c)	$	1,205		$	1,251,713
State of Connecticut, Series E (GO)
3.00%, 10/15/26 (c)		395			380,567
5.00%, 09/15/28 (c)		1,665			1,862,315
State of Connecticut, Special Tax, Series B (RB)
5.00%, 10/01/28		1,505			1,695,331
5.00%, 09/01/26 (c)		275			300,670
5.00%, 09/01/26 (c)		335			365,126
State of Connecticut, State Revolving Fund, Series A (RB)
5.00%, 02/01/29 (c)		275			308,314
5.00%, 05/01/27 (c)		1,000			1,098,168
University of Connecticut, Series A (RB)
5.00%, 01/15/27 (c)		745			810,886
5.00%, 01/15/27 (c)		335			366,099
5.00%, 11/01/28 (c)		730			808,922
5.00%, 11/01/28 (c)		500			552,264
5.00%, 04/15/28 (c)		1,000			1,110,120
					39,864,133
Delaware: 0.4%
State of Delaware (GO)
2.00%, 02/01/31 (c)		1,000			817,019
2.00%, 02/01/31 (c)		1,000			793,697
3.00%, 02/01/31 (c)		1,000			974,973
3.12%, 03/01/27 (c)		505			495,615
4.00%, 03/01/27 (c)		500			525,828
State of Delaware, Health Facilities Authority, Bayhealth Medical Center Project, Series A (RB) 3.00%, 07/01/27 (c)		180			177,055
State of Delaware, Series A (GO)
2.00%, 01/01/30 (c)		650			520,723
5.00%, 01/01/30 (c)		1,000			1,163,504
5.00%, 10/01/28		810			927,248
5.00%, 02/01/28 (c)		500			564,726
					6,960,388
District of Columbia: 1.9%
District of Columbia (RB) (SAW) 5.00%, 12/01/29 (c)		2,250			2,520,807
District of Columbia, Georgetown University Issue (RB)
5.00%, 04/01/27 (c)		105			113,919
5.00%, 04/01/27 (c)		645			693,082
District of Columbia, Series A (GO)
5.00%, 06/01/26 (c)		30			32,435
5.00%, 06/01/26 (c)		290			313,308
5.00%, 06/01/26 (c)		250			270,193
5.00%, 06/01/26 (c)		210			227,551
5.00%, 06/01/27 (c)		580			633,029
5.00%, 06/01/27 (c)		170			185,962
5.00%, 06/01/27 (c)		2,500			2,726,115

	Par
	(000’s		)	Value
District of Columbia (continued)
5.00%, 06/01/28 (c)	$	750		$	839,036
District of Columbia, Series A (RB) 5.00%, 09/01/29 (c)		1,000			1,128,576
District of Columbia, Series C (RB)
5.00%, 10/01/27		225			252,213
5.00%, 05/01/30 (c)		1,000			1,133,459
5.00%, 05/01/30		250			289,044
District of Columbia, Series D (GO)
4.00%, 06/01/27 (c)		500			520,443
5.00%, 12/01/26 (c)		160			174,857
5.00%, 12/01/26 (c)		20			21,803
5.00%, 12/01/26 (c)		125			137,340
5.00%, 06/01/27 (c)		500			546,946
5.00%, 06/01/27 (c)		1,500			1,658,705
District of Columbia, Series E (GO) 5.00%, 12/01/26 (c)		25			27,254
Metropolitan Washington Airports Authority, Airport System, Series B (RB) 5.00%, 10/01/28		560			629,772
Metropolitan Washington Airports Authority, Dulles Toll Road, Series B (RB) 4.00%, 10/01/29 (c)		250			254,979
Metropolitan Washington Airports Authority, Dulles Toll Road, Series B (RB) (AGM) 4.00%, 10/01/29 (c)		250			255,254
Washington Convention & Sports Authority (RB) 5.00%, 10/01/27 (c)		2,545			2,802,805
Washington Metropolitain Area Transit Authority, Series A (RB)
5.00%, 07/15/30 (c)		1,400			1,580,338
5.00%, 07/15/31 (c)		2,000			2,262,569
Washington Metropolitan Area Transit Authority (RB)
4.00%, 07/15/31 (c)		4,000			4,152,459
5.00%, 07/01/27 (c)		175			194,002
5.00%, 07/01/27		275			306,262
Washington Metropolitan Area Transit Authority, Series A-1 (RB) 5.00%, 07/01/27 (c)		140			154,139
Washington Metropolitan Area Transit Authority, Series A-2 (RB)
5.00%, 07/01/27 (c)		300			329,542
5.00%, 07/01/27 (c)		550			601,678
5.00%, 07/01/27 (c)		810			884,085
Washington Metropolitan Area Transit Authority, Series B (RB)
5.00%, 07/01/27 (c)		880			960,487

	Par
	(000’s		)	Value
District of Columbia (continued)
5.00%, 07/01/27	$	240		$	267,283
5.00%, 07/01/27 (c)		650			715,645
5.00%, 07/01/27 (c)		1,205			1,318,223
5.00%, 07/01/27 (c)		555			612,171
					32,727,770
Florida: 3.4%
Alachua County, Health Facilities Authority, Shands Teaching Hospital and Clinics, Inc., Series B-1 (RB) 5.00%, 12/01/29 (c)		490			538,250
Broward County, Florida Tourist Development, Convention Center Expansion Project (RB) 4.00%, 09/01/31 (c)		1,000			1,018,030
Broward County. Florida School Board, Series B (CP) 5.00%, 07/01/25 (c)		1,005			1,066,525
Central Florida Expressway Authority (RB) (BAM) 3.00%, 07/01/27 (c)		520			498,892
City of Cape Coral, Water and Sewer (RB) 5.00%, 10/01/27 (c)		175			193,280
City of Gainesville, Utilities System, Series A (RB)
5.00%, 10/01/27 (c)		500			554,077
5.00%, 10/01/27 (c)		195			216,711
City of Jacksonville, Florida Transportation (RB) 5.00%, 10/01/25 (c)		210			225,873
City of Jacksonville, Series A (RB) 5.00%, 10/01/29 (c)		1,095			1,234,307
City of Jacksonville, Series A (RB) (AGM) 5.00%, 10/01/29		1,000			1,137,492
City of Jacksonville, Series B (RB) 5.00%, 10/01/26 (c)		250			273,932
City of Orlando, Senior Tourist Development Tax, 6th Cent Contract Payments, Series A (RB) (AGM) 5.00%, 11/01/27 (c)		560			616,747
City of Tampa, Florida Capital Improvement, Cigarette Tax, H. Lee Moffit Cancer Center Project, Series A (RB) 0.00%, 09/01/30 (c) ^		1,050			536,455
County of Miami-Dade (RB)
0.00%, 10/01/26 (c) ^		400			277,662
0.00%, 10/01/26 (c) ^		565			408,820
5.00%, 10/01/26 (c)		1,615			1,759,068
5.00%, 10/01/26 (c)		510			558,154
County of Miami-Dade, Aviation Revenue, Series A (RB)
5.00%, 10/01/26 (c)		460			499,542

	Par
	(000’s		)	Value
Florida (continued)
5.00%, 10/01/26 (c)	$	100		$	108,592
County of Miami-Dade, Building Better Communities Program, Series A (GO)
5.00%, 07/01/25 (c)		100			106,371
5.00%, 07/01/26 (c)		520			562,917
5.00%, 07/01/26 (c)		100			108,991
5.00%, 07/01/26 (c)		280			302,424
5.00%, 07/01/26 (c)		555			599,222
County of Miami-Dade, Building Better Communities Program, Series A (GO) (SAW) 4.00%, 07/01/30 (c)		1,600			1,673,053
County of Miami-Dade, Capital Asset Acquisition, Series B (RB)
3.12%, 04/01/26 (c)		260			242,187
5.00%, 04/01/26 (c)		520			565,157
County of Miami-Dade, Expressway Authority Toll System, Series A (RB)
5.00%, 07/01/26 (c)		25			27,104
5.00%, 07/01/26 (c)		105			114,484
County of Miami-Dade, Florida Transit System (RB) 4.00%, 07/01/26 (c)		250			260,598
County of Miami-Dade, Water and Sewer System (RB)
4.00%, 04/01/31 (c)		1,475			1,537,802
5.00%, 10/01/27 (c)		800			889,919
5.00%, 10/01/28		1,000			1,125,217
5.00%, 04/01/31 (c)		3,500			4,023,825
County of Miami-Dade, Water and Sewer System, Series B (RB)
3.00%, 10/01/27 (c)		370			338,592
5.00%, 10/01/25 (c)		605			645,227
County of Orange, Water and Wastewater Utility System (RB)
5.00%, 10/01/30 (c)		1,000			1,139,636
5.00%, 10/01/30 (c)		1,000			1,140,498
Florida Department of Environmental Protection, Series A (RB) 5.00%, 07/01/27		125			139,530
Florida Department of Management Services, Series A (CP)
3.00%, 11/01/31 (c)		1,000			879,018
5.00%, 11/01/27		175			194,137
5.00%, 11/01/31 (c)		500			576,002
5.00%, 08/01/25		105			113,164
Florida Department of Management Services, Series A (RB) 5.00%, 09/01/27 (c)		425			475,585

	Par
	(000’s		)	Value
Florida (continued)
Florida Development Finance Corp., Lakeland Regional Health Systems (RB) 4.00%, 11/15/31 (c)	$	2,000		$	2,032,516
Florida Housing Finance Corp., Series 1 (RB)
3.25%, 01/01/27 (c)		160			158,264
3.60%, 01/01/27 (c)		300			298,903
Florida Housing Finance Corp., Series 2 (RB)
2.10%, 01/01/30 (c)		970			825,038
3.20%, 07/01/25 (c)		255			253,092
Florida Municipal Power Agency, All-Requirements Power Supply, Series A (RB) 5.00%, 10/01/26 (c)		125			135,988
JEA Electric System, Series B (RB)
3.38%, 10/01/22 (c)		175			174,290
5.00%, 10/01/27 (c)		885			976,511
JEA Electric System, Series Three B (RB)
5.00%, 10/01/27 (c)		610			681,164
5.00%, 10/01/27 (c)		850			947,350
Lee Memorial Health System, Series A-1 (RB) 5.00%, 04/01/29 (c)		605			669,841
Manatee County School District (RB) (AGM) 5.00%, 04/01/27 (c)		160			177,196
Orange County Health Facilities Authority (RB) 5.00%, 08/01/23 (c)		420			446,747
Orange County School Board, Series C (CP) 5.00%, 08/01/26 (c)		410			440,998
Orange County School Board, Series D (CP) 5.00%, 08/01/25 (c)		310			332,999
Orange County, Tourist Development Tax (RB)
5.00%, 10/01/25 (c)		100			106,311
5.00%, 10/01/26		190			208,437
5.00%, 10/01/27		360			400,081
5.00%, 10/01/29		280			318,098
5.00%, 10/01/30		490			562,497
Orlando Utilities Commission, Series A (RB) 5.00%, 10/01/27 (c)		120			132,915
Palm Beach County Health Facilities Authority, Act Retirement - Life Communities, Inc. (RB) 5.00%, 11/15/26 (c)		350			377,612
Palm Beach County School Board, Series A (CP)
5.00%, 08/01/27		120			132,319
5.00%, 08/01/30 (c)		275			305,723

	Par
	(000’s		)	Value
Florida (continued)
Palm Beach County School Board, Series C (CP) 5.00%, 08/01/28 (c)	$	695		$	768,027
Pasco County School Board, Series C (CP) (AGM) 5.00%, 08/01/30 (c)		1,000			1,140,335
Polk County School District (RB) (SAW) 5.00%, 10/01/29 (c)		1,000			1,140,079
Polk County, School District (RB) 5.00%, 10/01/29 (c)		100			113,714
Reedy Creek Improvement District, Series A (GO) 5.00%, 06/01/27 (c)		175			194,744
School Board of Miami-Dade County (GO) 3.25%, 03/15/27 (c)		125			123,733
School Board of Miami-Dade County, Series D (CP) 5.00%, 02/01/26		165			178,910
South Miami Health Facilities Authority (RB)
5.00%, 08/15/27 (c)		710			773,818
5.00%, 08/15/27 (c)		800			866,639
State of Florida, Board of Education, Public Education Capital Outlay, Series A (GO)
4.00%, 06/01/28 (c)		650			689,313
5.00%, 06/01/28 (c)		795			894,555
State of Florida, Board of Education, Public Education Capital Outlay, Series B (GO) 5.00%, 06/01/27 (c)		400			445,129
State of Florida, Board of Education, Public Education Capital Outlay, Series C (GO)
4.00%, 06/01/26 (c)		500			520,695
4.00%, 06/01/27 (c)		780			814,128
5.00%, 06/01/28 (c)		145			163,578
State of Florida, Board of Education, Public Education Capital Outlay, Series C (GO) (AMBAC) 3.00%, 06/01/29 (c)		510			481,196
State of Florida, Board of Education, Public Education Capital Outlay, Series D (GO)
5.00%, 06/01/26 (c)		10			10,940
5.00%, 06/01/28		105			119,325
State of Florida, Board of Education, Public Education Capital Outlay, Series E (GO) 2.38%, 06/01/26 (c)		590			559,913
State of Florida, Board of Education, Public Education Capital Outlay, Series F (GO) 5.00%, 06/01/26 (c)		135			147,700

	Par
	(000’s		)	Value
Florida (continued)
State of Florida, Department of Transportation Financing Corp. (RB)
3.00%, 07/01/30 (c)	$	1,000		$	990,430
3.00%, 07/01/30 (c)		1,000			926,409
State of Florida, Department of Transportation Financing Corp., Series B (RB) 5.00%, 07/01/28 (c)		115			129,503
State of Florida, Department of Transportation, Federal Highway Reimbursement, Series A (RB) 5.00%, 07/01/30		880			1,013,136
State of Florida, Department of Transportation, Full Faith and Credit, Right-of-Way Acquisition and Bridge Construction, Series A (GO)
3.00%, 07/01/27 (c)		600			575,645
3.00%, 07/01/27 (c)		555			556,731
5.00%, 07/01/26 (c)		40			43,944
State of Florida, Department of Transportation, Full Faith and Credit, Right-of-Way Acquisition and Bridge Construction, Series B (GO) 5.00%, 07/01/28 (c)		750			845,892
State of Florida, Department of Transportation, Turnpike, Series A (RB) 5.00%, 07/01/28 (c)		580			656,616
Volusia County School Board, Master Lease Program, Series B (CP) 5.00%, 08/01/24 (c)		280			295,211
West Palm Beach Community Redevelopment Agency Tax (TA) (SBG) 5.00%, 03/01/29 (c)		1,000			1,122,643
					57,900,590
Georgia: 2.2%
Augusta, Water and Sewer (RB) 3.00%, 10/01/27 (c)		420			416,395
City of Atlanta, Airport Passenger Facility Charge (RB) 5.00%, 07/01/29 (c)		800			884,507
City of Atlanta, Water and Wastewater (RB) 4.00%, 11/01/29 (c)		200			208,090
Clarke County Hospital Authority, Series A (RB) 5.00%, 07/01/26 (c)		250			269,209
Cobb County Kennestone Hospital Authority, Series A (RB) 5.00%, 04/01/27 (c)		750			816,892

	Par
	(000’s		)	Value
Georgia (continued)
County of Fulton, Water and Sewerage, Series A (RB) 3.00%, 01/01/30 (c)	$	3,000		$	2,799,572
Forsyth County School District (GO)
5.00%, 02/01/28 (c)		1,000			1,129,183
5.00%, 02/01/28 (c)		1,000			1,123,660
5.00%, 02/01/29		1,045			1,201,548
Fulton County, Georgia Water and Sewerage (RB) 5.00%, 01/01/23 (c)		1,350			1,373,247
Gainesville and Hall County Hospital Authority, Northeast Georgia Health System, Series A (RB)
5.00%, 02/15/27 (c)		225			245,591
5.00%, 02/15/27 (c)		425			465,284
Georgia Housing and Finance Authority, Single Family Mortgage, Series B-1 (RB) 2.90%, 12/01/25 (c)		925			895,376
Georgia State Road and Tollway Authority (RB)
5.00%, 06/01/28		500			561,924
5.00%, 06/01/30 (c)		2,550			2,911,766
5.00%, 06/01/30 (c)		2,000			2,274,731
Georgia State Road and Tollway Authority, Series A (RB) 4.00%, 07/15/31 (c)		3,255			3,466,384
Main Street Natural Gas, Inc., Gas Supply, Series A (RB) 5.00%, 05/15/38		1,000			1,103,047
Municipal Electric Authority of Georgia, Series A (RB)
5.00%, 01/01/32 (c)		1,000			1,111,995
5.00%, 07/01/26 (c)		200			216,017
Private Colleges and Universities Authority, Emory University, Series A (RB) 5.00%, 09/01/29 (c)		500			563,057
Private Colleges and Universities Authority, Emory University, Series B (RB) 4.00%, 09/01/30 (c)		350			357,997
Richmond County Hospital Authority, University Health Services, Inc. Project (RB) 3.00%, 07/01/26 (c)		345			335,290
State of Georgia, Series A (GO)
4.00%, 08/01/30 (c)		935			998,446
5.00%, 02/01/26 (c)		680			740,223
5.00%, 02/01/26		125			136,707
5.00%, 02/01/27 (c)		350			387,809
5.00%, 02/01/27 (c)		150			165,884
5.00%, 02/01/27 (c)		1,200			1,320,518
5.00%, 08/01/28		2,815			3,214,166
5.00%, 08/01/29		2,500			2,893,160
State of Georgia, Series C (GO)
5.00%, 07/01/27		130			145,980

	Par (000’s		)	Value
Georgia (continued)
5.00%, 07/01/27 (c)	$	3,000		$	3,340,339
					38,073,994
Hawaii: 1.1%
City and County of Honolulu Wastewater System (RB) 5.00%, 07/01/29 (c)		875			987,269
City and County of Honolulu, Rail Transit Project, Series B (GO) 5.00%, 03/01/30 (c)		1,930			2,216,654
City and County of Honolulu, Rail Transit Project, Series B (GO) (SD CRED PROG) 5.00%, 03/01/30		350			403,346
City and County of Honolulu, Series B (GO) 5.00%, 09/01/27 (c)		1,015			1,124,084
City and County of Honolulu, Series C (GO) 4.00%, 08/01/29 (c)		750			783,708
City and County of Honolulu, Series C (GO) (BAM) 4.00%, 08/01/29 (c)		120			126,314
City and County of Honolulu, Wastewater System, Series A (RB) 4.00%, 07/01/26 (c)		970			1,004,951
City and County of Honolulu, Wastewater System, Series B (RB)
4.00%, 07/01/26 (c)		100			103,524
5.00%, 07/01/29 (c)		395			450,178
State of Hawaii (RB) 5.00%, 01/01/31 (c)		2,250			2,556,534
State of Hawaii, Department of Budget and Finance, Series A (RB)
5.00%, 07/01/25		175			187,849
6.00%, 07/01/23 (c)		1,000			1,042,964
State of Hawaii, Series B (RB) 5.00%, 07/01/26 (c)		295			322,132
State of Hawaii, Series FH (GO) 5.00%, 10/01/26 (c)		15			16,469
State of Hawaii, Series FK (GO)
5.00%, 05/01/27 (c)		130			143,270
5.00%, 05/01/27 (c)		690			758,073
State of Hawaii, Series FN (GO)
5.00%, 10/01/27 (c)		500			556,466
5.00%, 10/01/27 (c)		105			117,137
State of Hawaii, Series FT (GO)
4.00%, 01/01/28 (c)		295			311,114
5.00%, 01/01/28 (c)		280			313,559
5.00%, 01/01/28 (c)		1,150			1,280,975
5.00%, 01/01/28 (c)		405			450,328
5.00%, 10/01/27 (c)		1,020			1,133,022
State of Hawaii, Series FW (GO) 5.00%, 01/01/29		1,180			1,341,948

	Par
	(000’s		)	Value
Hawaii (continued)
University of Hawaii, Series E (RB)
5.00%, 10/01/26 (c)	$	240		$	262,452
5.00%, 10/01/26 (c)		285			311,909
					18,306,229
Idaho: 0.0%
Ada and Boise Counties Independent School District (GO) 5.00%, 02/01/27 (c)		500			549,886
Illinois: 3.9%
Board of Trustees of the University of Illinois, Auxiliary Facilities Sytem, Series A (RB) 5.00%, 04/01/30		1,000			1,121,123
Chicago Board of Education (ST) 5.75%, 04/01/27 (c)		235			256,148
Chicago O’Hare International Airport, Series A (RB)
5.00%, 01/01/27 (c)		175			189,662
5.00%, 01/01/30 (c)		1,000			1,098,575
Chicago O’Hare International Airport, Series B (RB)
5.00%, 01/01/27 (c)		470			505,810
5.00%, 01/01/27 (c)		365			392,407
Chicago O’Hare International Airport, Series C (RB) 5.00%, 01/01/26 (c)		135			144,558
City of Chicago, Board of Education, Dedicated Capital Improvement Tax (ST) 5.75%, 04/01/27 (c)		100			109,067
City of Chicago, Series A (GO)
5.00%, 01/01/30		2,000			2,151,010
5.00%, 01/01/31 (c)		1,000			1,072,314
City of Chicago, Series A (GO) (SAW) 5.00%, 01/01/29		200			214,044
City of Chicago, Series B (GO) 4.00%, 01/01/30		358			354,543
City of Chicago, Wastewater Transmission, Series B (RB) 5.00%, 01/01/27 (c)		750			807,408
City of Chicago, Water Revenue, Second Lien (RB) 5.00%, 11/01/27 (c)		1,390			1,534,560
City of Chicago, Water Revenue, Second Lien (RB) (AGM) 5.25%, 11/01/27 (c)		180			201,182
City of Springfield, Electric Revenue, Senior Lien (RB) (AGM) 5.00%, 03/01/25 (c)		15			15,800

	Par
	(000’s		)	Value
Illinois (continued)
Community Unit School District No. 300, Kane, McHenry, Cook and DeKalb Counties (GO) 5.00%, 01/01/25 (c)	$	210		$	223,067
Cook County, Series A (GO)
5.00%, 11/15/26 (c)		325			352,347
5.00%, 11/15/26 (c)		250			272,032
Illinois Finance Authority, Carle Foundation, Series A (RB) 5.00%, 08/15/31 (c)		1,000			1,112,007
Illinois Finance Authority, Clean Water Initiative (RB)
4.00%, 01/01/26 (c)		100			104,832
4.00%, 01/01/26 (c)		165			172,150
4.00%, 01/01/31 (c)		750			796,264
5.00%, 01/01/26 (c)		685			742,362
5.00%, 01/01/26		135			146,010
5.00%, 01/01/27 (c)		400			444,147
5.00%, 01/01/27 (c)		140			154,348
5.00%, 01/01/27 (c)		700			767,233
5.00%, 01/01/31 (c)		750			845,924
5.00%, 07/01/29 (c)		1,155			1,277,309
Illinois Finance Authority, Clean Water Initiative (RB) (AGM) 5.00%, 07/01/29 (c)		1,400			1,559,104
Illinois Finance Authority, Mercy Health Corp. (RB)
4.00%, 06/01/26 (c)		160			160,744
4.00%, 06/01/26 (c)		90			90,191
5.00%, 06/01/26 (c)		130			140,240
5.00%, 06/01/26 (c)		250			266,719
Illinois Finance Authority, NorthShore University HealthSystem, Series A (RB)
5.00%, 08/15/30 (c)		1,000			1,118,295
5.00%, 08/15/30 (c)		1,365			1,531,564
5.00%, 08/15/30 (c)		1,295			1,444,145
Illinois Finance Authority, Northwestern Memorial Healthcare, Series A (RB) 3.00%, 01/15/28 (c)		1,325			1,221,942
Illinois Finance Authority, Presence Health Network, Series C (RB) 5.00%, 02/15/27 (c)		1,000			1,081,301
Illinois Finance Authority, Rush University Medical Center Obligated Group, Series A (RB) 5.00%, 05/15/25 (c)		125			132,753
Illinois Housing Development Authority, Series B (RB) 3.45%, 04/01/27 (c)		500			493,550
Illinois Housing Development Authority, Series C (RB)
2.80%, 10/01/28 (c)		540			496,281
3.10%, 02/01/26 (c)		285			282,198

	Par
	(000’s		)	Value
Illinois (continued)
Illinois State Toll Highway Authority, Series A (RB)
5.00%, 01/01/28 (c)	$	510		$	561,461
5.00%, 01/01/29		175			196,636
Illinois State Toll Highway Authority, Series C (RB)
5.00%, 01/01/30 (c)		1,000			1,127,977
Kane, Cook, and Dupage Counties, School District No. U-46, Series A (GO)
5.00%, 01/01/24 (c)		120			124,284
5.00%, 01/01/24 (c)		215			222,462
Kane, Cook, and Dupage Counties, School District No. U-46, Series D (GO)
5.00%, 01/01/24 (c)		190			197,129
5.00%, 01/01/24 (c)		335			347,901
Metropolitan Water Reclamation District of Greater Chicago, Series A (GO)
5.00%, 12/01/26 (c)		780			851,377
5.00%, 12/01/26 (c)		115			126,145
Northern Illinois Municipal Power Agency, Series A (RB)
4.00%, 12/01/26 (c)		1,235			1,280,849
5.00%, 12/01/26 (c)		990			1,085,943
5.00%, 12/01/26 (c)		555			609,789
Regional Transportation Authority of Illinois, Series A (RB)
5.00%, 07/01/27 (c)		500			555,819
5.00%, 07/01/27 (c)		1,645			1,833,686
Sales Tax Securitization Corp., Series A (RB)
5.00%, 01/01/28 (c)		570			618,722
5.00%, 01/01/28 (c)		585			641,267
5.00%, 01/01/28 (c)		250			271,701
5.00%, 01/01/28 (c)		1,150			1,257,181
5.00%, 01/01/28 (c)		250			272,112
Sales Tax Securitization Corp., Series A (RB) (BAM) 5.00%, 01/01/30 (c)		155			171,918
State of Illinois (GO)
3.50%, 06/01/26 (c)		685			680,739
4.00%, 03/01/31 (c)		1,000			944,162
4.12%, 11/01/26 (c)		360			363,457
5.00%, 11/01/26 (c)		305			316,955
5.00%, 06/01/26 (c)		370			391,632
State of Illinois (GO) (AGC) 5.50%, 05/01/30		800			892,687
State of Illinois (RB)
3.00%, 06/15/26 (c)		680			596,957
3.00%, 06/15/26 (c)		320			274,471
State of Illinois Sales Tax (RB)
5.00%, 06/15/30		1,000			1,089,913
5.00%, 06/15/31		1,500			1,643,160

	Par
	(000’s		)	Value
Illinois (continued)
State of Illinois Sales Tax (RB) (BAM) 3.00%, 06/15/31 (c)	$	3,000		$	2,601,529
State of Illinois, Series A (GO)
5.00%, 12/01/27 (c)		1,000			1,046,588
5.00%, 03/01/31 (c)		1,000			1,070,338
5.00%, 03/01/31		500			545,115
5.00%, 05/01/28 (c)		2,250			2,360,528
5.25%, 12/01/27 (c)		1,200			1,294,517
State of Illinois, Series A (RB) 5.00%, 06/15/26 (c)		100			106,213
State of Illinois, Series B (GO) 5.00%, 11/01/29 (c)		1,000			1,083,691
State of Illinois, Series C (GO) 5.00%, 11/01/27 (c)		4,105			4,385,067
State of Illinois, Series D (GO) 5.00%, 11/01/27 (c)		3,910			4,200,847
State of Illinois, Series D (RB) 5.00%, 06/15/26 (c)		620			654,127
					66,494,322
Indiana: 0.9%
Carmel Local Public Improvement Bond Bank (RB) 5.00%, 07/15/26 (c)		15			16,278
Duneland School Building Corp., AD Valorem Property Tax (RB) 3.00%, 01/15/32 (c)		1,000			904,320
Indiana Finance Authority Highway, Series C (RB)
5.00%, 12/01/26 (c)		160			177,249
5.00%, 12/01/26 (c)		340			375,725
5.00%, 06/01/28		420			473,268
Indiana Finance Authority, Environmental Facilities, Indianapolis Power & Light Company Project, Series A (RB) (SAW) 1.40%, 08/01/26 (c)		2,000			1,685,714
Indiana Finance Authority, First Lien Wastewater Utility (RB) 4.00%, 10/01/31 (c)		2,500			2,619,255
Indiana Finance Authority, Parkview Health, Series A (RB) 5.00%, 11/01/27		250			278,685
Indiana Finance Authority, Series A (RB)
5.00%, 02/01/28 (c)		200			222,876
5.00%, 02/01/29 (c)		175			197,567
5.00%, 02/01/29 (c)		220			248,133
Indiana Finance Authority, Series B (RB) 5.00%, 02/01/26 (c)		130			141,105
Indiana Finance Authority, Series C (RB)
5.00%, 02/01/28 (c)		1,000			1,124,633
5.00%, 02/01/28 (c)		610			683,772

	Par
	(000’s		)	Value
Indiana (continued)
Indiana Finance Authority, Series E (RB)
5.00%, 02/01/29 (c)	$	1,250		$	1,409,844
5.00%, 02/01/29 (c)		105			118,842
5.00%, 06/01/29		935			1,067,898
5.00%, 08/01/26 (c)		160			175,367
5.00%, 08/01/26 (c)		100			109,351
Indiana Housing and Community Development Authority, Single Family Mortgage, Series A-1 (RB) 2.85%, 07/01/25 (c)		20			19,959
Indiana Municipal Power Agency, Series A (RB) 5.00%, 01/01/28 (c)		250			274,544
Indianapolis Local Public Improvement Bond Bank, Courhouse and Jail Project, Series A (RB)
5.00%, 02/01/29		710			809,285
5.00%, 02/01/29 (c)		1,715			1,939,340
Indianapolis Local Public Improvement Bond Bank, Pilot Infrastructure Project, Series C (RB) 4.00%, 01/01/28 (c)		160			167,844
Trustees of the Indiana State University, Series A (RB) 5.00%, 06/01/26 (c)		185			202,328
					15,443,182
Iowa: 0.3%
Iowa Finance Authority (RB)
5.00%, 08/01/26		110			121,263
5.00%, 08/01/27 (c)		1,000			1,115,036
5.00%, 08/01/27 (c)		1,000			1,109,345
Iowa Finance Authority, Series A (RB)
5.00%, 08/01/31 (c)		500			579,889
5.00%, 08/01/31 (c)		1,000			1,157,682
Southeast Polk Community School District, Series A (GO) 2.00%, 05/01/28 (c)		1,000			809,275
State of Iowa, IJob Program, Series A (RB) 5.00%, 06/01/26 (c)		125			136,708
					5,029,198
Kansas: 0.5%
Butler County Unified School District No. 385 (GO)
4.00%, 09/01/27 (c)		300			315,069
4.00%, 09/01/27 (c)		500			526,880
County of Johnson, Internal Improvement, Series A (GO) 4.00%, 09/01/27 (c)		750			787,294
Johnson and Miami Counties Unified School District No. 230 (GO) 4.00%, 09/01/26 (c)		210			215,626

	Par
	(000’s		)	Value
Kansas (continued)
Kansas Development Finance Authority, AdventHealth Obligated Group, Series A (RB) 5.00%, 11/15/31 (p)	$	3,950		$	4,477,674
Seward County Unified School District No. 480, Series B (GO) 5.00%, 09/01/25 (c)		125			135,111
State of Kansas, Department of Transportation, Highway Revenue, Series A (RB)
5.00%, 09/01/27 (c)		150			165,808
5.00%, 09/01/27 (c)		775			857,483
5.00%, 09/01/27 (c)		630			698,036
State of Kansas, Department of Transportation, Highway Revenue, Series B (RB) 5.00%, 09/01/25 (c)		295			317,783
Wyandotte County, Unified School District No. 500, Series A (GO) 4.00%, 09/01/26 (c)		250			263,715
					8,760,479
Kentucky: 0.3%
Kentucky Municipal Power Agency, Prairie State Project, Series A (RB) (NATL) 5.00%, 09/01/25 (c)		200			212,682
Kentucky State Property and Building Commission No. 119 (RB) 5.00%, 05/01/28		100			110,973
Kentucky State Property and Building Commission No. 119 (RB) (BAM) 5.00%, 05/01/28 (c)		1,285			1,411,209
Kentucky Turnpike Authority, Series A (RB) 5.00%, 07/01/26 (c)		165			180,039
Louisville and Jefferson County, Metro Government, Norton Healthcare, Inc., Series A (RB)
5.00%, 10/01/26 (c)		55			60,002
5.00%, 10/01/26 (c)		290			315,744
Louisville and Jefferson County, Metro Government, Norton Healthcare, Inc., Series D (RB) 5.00%, 10/01/29 (c) (p)		1,000			1,118,406
Louisville and Jefferson County, Metropolitan Sewer District, Kentucky Sewer and Drainage System, Series A (RB) 4.00%, 05/15/23 (c)		1,000			1,010,411
Paducah Electric Plant Board, Series A (RB) (AGM) 5.00%, 10/01/26		20			21,681
University of Kentucky, Series A (RB)
3.00%, 04/01/26 (c)		770			742,432

	Par
	(000’s		)	Value
Kentucky (continued)
4.00%, 04/01/26 (c)	$	500		$	519,297
					5,702,876
Louisiana: 1.0%
City of New Orleans, Louisiana Public Improvement, Series A (GO) 5.00%, 12/01/30 (c)		1,000			1,135,607
City of Shreveport, Water and Sewer Revenue, Series C (RB) (BAM) 4.00%, 12/01/28 (c)		250			260,444
Jefferson Sales Tax District, Parish of Jefferson, Series B (RB) (AGM) 5.00%, 12/01/29 (c)		615			694,773
Jefferson Sales Tax District, Series B (RB) (AGM)
4.00%, 12/01/29 (c)		500			519,012
5.00%, 12/01/27 (c)		280			310,634
Louisiana Local Government Environmental Facilities and Community Development Authority, Westlake Chemical Corp. Project (RB) 3.50%, 11/01/27 (c)		2,620			2,563,600
Louisiana Local Government Environmental Facilities and Community Development Authority, Woman’s Hospital Foundation Project, Series A (RB)
3.25%, 10/01/27 (c)		200			198,818
5.00%, 10/01/27 (c)		990			1,089,246
Louisiana Local Government Environmental Facilities and Community Development, Series B (RB) 2.50%, 04/01/26 (c)		1,000			835,334
Louisiana Public Facilities Authority, Tulane University, Series A (RB) 5.00%, 04/01/30 (c)		1,000			1,109,347
Louisiana Public Facilities Authority, Tulane University, Series A (RB) (AGM) 5.00%, 04/01/30 (c)		1,000			1,110,809
State of Louisiana, Series A (GO)
3.50%, 04/01/27 (c)		150			150,320
5.00%, 03/01/29 (c)		115			130,166
5.00%, 03/01/30 (c)		930			1,060,226
5.00%, 03/01/31 (c)		1,000			1,136,150
5.00%, 03/01/31 (c)		750			871,896
5.00%, 04/01/27 (c)		565			618,091
5.00%, 09/01/26 (c)		640			695,648
State of Louisiana, Series A (GO) (BAM)
5.00%, 03/01/30 (c)		425			478,184
5.00%, 03/01/30 (c)		910			1,036,543

	Par
	(000’s		)	Value
Louisiana (continued)
State of Louisiana, Series B (GO)
5.00%, 10/01/27	$	150		$	167,259
5.00%, 08/01/26 (c)		200			217,948
5.00%, 08/01/26 (c)		205			224,171
State of Louisiana, Series D (GO)
3.00%, 09/01/26 (c)		200			196,769
5.00%, 09/01/26 (c)		100			109,121
					16,920,116
Maryland: 3.1%
City of Baltimore, Consolidated Public Improvement, Series B (GO) 5.00%, 10/15/27 (c)		250			280,560
County of Baltimore (GO)
4.00%, 03/01/30 (c)		1,140			1,206,438
5.00%, 03/01/30		945			1,098,402
5.00%, 03/01/30 (c)		325			377,225
County of Baltimore (GO) (AGC) 4.00%, 03/01/29 (c)		1,925			2,024,331
County of Baltimore (GO) (FANNIE MAE) 5.00%, 03/01/28		1,250			1,414,567
County of Montgomery, Series A (GO)
3.00%, 08/01/30 (c)		750			749,184
5.00%, 12/01/24 (c)		20			21,269
County of Montgomery, Series C (GO) 4.00%, 10/01/27 (c)		1,070			1,136,990
Maryland Economic Development Corp., College Park Projects (RB) (AGM) 5.00%, 06/01/26 (c)		15			16,269
Maryland Stadium Authority, Baltimore City Public School Construction and Revitalization Program (RB)
5.00%, 05/01/26 (c)		250			272,631
5.00%, 05/01/26 (c)		250			271,282
Maryland Stadium Authority, Baltimore City Public School Construction and Revitalization Program, Series A (RB) 5.00%, 05/01/28 (c)		1,000			1,112,709
Maryland Transportation Authority (RB) 3.00%, 09/01/27 (c)		500			499,773
Maryland Transportation Authority Transportation Facilities Projects (RB)
3.00%, 07/01/27 (c)		300			292,488
3.00%, 07/01/27 (c)		510			503,402

	Par
	(000’s		)	Value
Maryland (continued)
Maryland Transportation Authority, Transportation Facilities Projects, Series A (RB) 5.00%, 07/01/30	$	1,900		$	2,190,436
Prince George’s County, Series A (GO)
5.00%, 07/15/28		1,000			1,137,931
5.00%, 07/15/28 (c)		2,500			2,811,547
5.00%, 07/15/28 (c)		1,150			1,307,695
Prince George’s County, Series A (GO) (SAW) 4.00%, 07/15/28 (c)		1,000			1,071,602
State of Maryland, Department of Transportation (RB)
2.12%, 10/01/29 (c)		2,000			1,559,723
3.00%, 11/01/24 (c)		1,000			1,009,524
3.00%, 11/01/24 (c)		520			522,479
3.12%, 05/01/25 (c)		855			859,846
4.00%, 05/01/25 (c)		780			809,732
4.00%, 05/01/28 (c)		750			796,557
State of Maryland, Department of Transportation (RB) (SAW) 2.12%, 10/01/27 (c)		2,340			2,057,066
State of Maryland, State and Local Facilities Loan, First Series (GO)
5.00%, 03/15/28 (c)		1,000			1,130,202
5.00%, 03/15/29 (c)		3,000			3,409,474
State of Maryland, State and Local Facilities Loan, First Series A (GO)
3.12%, 03/15/28 (c)		250			251,908
4.00%, 03/15/27 (c)		1,185			1,250,989
5.00%, 03/15/28		680			770,348
5.00%, 03/15/29		1,000			1,149,147
5.00%, 03/15/30 (c)		5,500			6,374,247
State of Maryland, State and Local Facilities Loan, Second Series (GO)
4.00%, 08/01/28 (c)		530			558,039
5.00%, 08/01/27		125			140,291
5.00%, 08/01/28 (c)		1,000			1,132,041
State of Maryland, State and Local Facilities Loan, Second Series A (GO)
3.00%, 08/01/27 (c)		1,000			1,003,210
5.00%, 08/01/30 (c)		1,125			1,302,355
5.00%, 08/01/31 (c)		1,400			1,644,160
State of Maryland, State and Local Facilities Loan, Second Series B (GO) 5.00%, 08/01/28		2,895			3,298,333
Washington Suburban Sanitary District, Second Series (GO)
5.00%, 06/01/26 (c)		750			816,210
5.00%, 06/01/27 (c)		550			613,676

	Par
	(000’s		)	Value
Maryland (continued)
Washington Suburban Sanitary District, Second Series (RB) 4.00%, 12/01/30 (c)	$	525		$	561,458
					52,817,746
Massachusetts: 2.3%
City of Boston, Series A (GO) 5.00%, 03/01/29		100			115,189
Commonwealth of Massachusetts, Accelerated Bridge Program, Series A (RB) 5.00%, 06/01/24 (c)		980			1,021,748
Commonwealth of Massachusetts, Series A (GO) 5.00%, 09/01/28		2,000			2,267,787
Commonwealth of Massachusetts, Series B (GO)
5.00%, 07/01/26 (c)		155			169,073
5.00%, 07/01/26 (c)		1,860			2,015,018
5.00%, 07/01/26 (c)		600			651,963
Commonwealth of Massachusetts, Series C (GO)
3.00%, 02/01/24 (c)		400			392,429
5.00%, 05/01/23 (c)		350			357,998
5.00%, 05/01/23 (c)		205			209,787
5.00%, 05/01/30		1,000			1,158,504
Commonwealth of Massachusetts, Series C (GO) (AGM) 5.00%, 05/01/31		2,665			3,122,349
Commonwealth of Massachusetts, Series D (GO)
4.00%, 11/01/30 (c)		2,000			2,071,320
5.00%, 07/01/30 (c)		365			416,481
Commonwealth of Massachusetts, Series E (GO)
3.00%, 11/01/27 (c)		1,275			1,181,879
5.00%, 11/01/27 (c)		100			111,185
5.00%, 11/01/30 (c)		1,000			1,155,478
Commonwealth of Massachusetts, Series I (GO) 5.00%, 12/01/26 (c)		10			11,037
Commonwealth of Massachusetts, Transportation Fund, Series A (GO) 5.00%, 12/01/26 (c)		500			545,861
Commonwealth of Massachusetts, Transportation Fund, Series A (RB)
4.00%, 12/01/27 (c)		450			461,445
5.00%, 06/01/26 (c)		20			21,892
5.00%, 06/01/31 (c)		800			920,075
Massachusetts Bay Transportation Authority, Series A (RB)
0.00%, 07/01/26 (c) ^		130			99,734
2.00%, 07/01/26 (c)		210			196,196

	Par
	(000’s		)	Value
Massachusetts (continued)
Massachusetts Clean Water Trust , Series 23-A (RB) 5.00%, 02/01/31 (c)	$	540		$	618,676
Massachusetts Clean Water Trust, Series 21 (RB) 5.00%, 08/01/28 (c)		1,000			1,121,425
Massachusetts Commonwealth, Series D (GO) (SBG) 5.00%, 07/01/30 (c)		2,000			2,275,841
Massachusetts Department of Transportation, Metropolitan Highway System, Series A (RB) 5.00%, 01/01/29		1,000			1,139,203
Massachusetts Department of Transportation, Metropolitan Highway System, Series A (RB) (SAW) 5.00%, 01/01/29 (c)		1,000			1,123,451
Massachusetts Development Finance Agency, Beth Israel Lahey Health Issue, Series K (RB) 5.00%, 07/01/29 (c)		255			280,402
Massachusetts Development Finance Agency, CareGroup Issue, Series I (RB) 5.00%, 07/01/26 (c)		200			216,262
Massachusetts Development Finance Agency, CareGroup Issue, Series J-2 (RB) (SBG) 5.00%, 07/01/28 (c)		130			141,844
Massachusetts Development Finance Agency, Harvard University Issue, Series A (RB) 5.00%, 07/15/26 (c)		480			522,497
Massachusetts Development Finance Agency, Suffolk University (RB) 5.00%, 07/01/27 (c)		500			532,456
Massachusetts Development Finance Agency, Williams College, Series P (RB) 5.00%, 07/01/23 (c)		1,500			1,544,383
Massachusetts Housing Finance Agency, Series 178 (RB) 3.70%, 06/01/25 (c)		100			100,242
Massachusetts Housing Finance Agency, Series B-1 (RB) (FHA) 2.75%, 12/01/28 (c)		150			138,364
Massachusetts School Building Authority, Dedicated Sales Tax, Series C (RB) 5.00%, 11/15/26 (c)		125			136,367

	Par
	(000’s		)	Value
Massachusetts (continued)
Massachusetts Water Resources Authority, Series B (RB) 5.00%, 08/01/30 (c)	$	1,500		$	1,698,780
Massachusetts Water Resources Authority, Series B (RB) (AGM) 5.25%, 08/01/30		2,000			2,365,183
Massachusetts Water Resources Authority, Series C (RB) 5.00%, 08/01/27 (c)		2,115			2,342,254
University of Massachusetts Building Authority, Series 1 (RB)
5.00%, 11/01/29 (c)		475			539,143
5.00%, 11/01/29 (c)		750			850,178
5.00%, 05/01/29 (c)		1,220			1,375,623
University of Massachusetts Building Authority, Series 1 (RB) (SD CRED PROG) 5.00%, 11/01/29 (c)		500			568,468
University of Massachusetts Building Authority, Series 3 (RB) 5.00%, 11/01/27 (c)		1,020			1,135,150
					39,440,620
Michigan: 1.0%
Board of Governors of Wayne State University, Series A (RB) 5.00%, 05/15/26 (c)		285			310,535
Board of Trustees of Michigan State University, Series B (RB) 5.00%, 02/15/29 (c)		340			379,246
Brighton Area Schools County of Livingston (GO) 5.00%, 05/01/29		985			1,125,865
Great Lakes Water Authority, Sewage Disposal System, Second Lien, Series C (RB)
5.00%, 07/01/26 (c)		250			270,633
5.00%, 07/01/26 (c)		250			272,067
Great Lakes Water Authority, Sewage Disposal System, Senior Lien, Series B (RB)
5.00%, 07/01/26 (c)		290			314,883
5.00%, 07/01/26 (c)		570			621,719
5.00%, 07/01/26 (c)		500			545,574
Great Lakes Water Authority, Sewage Disposal System, Senior Lien, Series C (RB)
5.00%, 07/01/26 (c)		1,025			1,112,950
5.00%, 07/01/26 (c)		30			32,796
Great Lakes Water Authority, Water Supply System, Second Lien, Series D (RB) 5.00%, 07/01/26 (c)		130			141,635

	Par
	(000’s		)	Value
Michigan (continued)
Great Lakes Water Authority, Water Supply System, Senior Lien, Series C (RB) 5.00%, 07/01/26 (c)	$	155		$	169,896
Michigan Finance Authority, Charter County of Wayne Criminal Justice Center Project (RB) (SAW) 5.00%, 11/01/28 (c)		2,645			3,008,974
Michigan Finance Authority, Clean Water, Series B (RB)
5.00%, 10/01/25		110			118,912
5.00%, 10/01/26		100			110,141
Michigan Finance Authority, Henry Ford Health System (RB) 3.00%, 11/15/26 (c)		140			135,509
Michigan Finance Authority, Local Government Loan Program, Series H-1 (RB)
5.00%, 10/01/24 (c)		725			763,022
5.00%, 11/15/26 (c)		150			163,152
Michigan Finance Authority, Tabaco Settlement, Series A (RB) 5.00%, 12/01/30 (c)		500			546,120
Michigan Finance Authority, Trinity Health Credit Group, Series MI (RB)
5.00%, 12/01/27 (c)		260			283,820
5.00%, 06/01/27 (c)		75			81,784
Michigan State Building Authority, Series I (RB)
5.00%, 10/15/25 (c)		5			5,418
5.00%, 10/15/25 (c)		25			27,091
5.00%, 10/15/25 (c)		10			10,750
5.00%, 10/15/26 (c)		570			622,216
5.00%, 10/15/26 (c)		125			136,342
5.00%, 10/15/26 (c)		120			130,573
Michigan State Hospital Finance Authority, Series C (RB) 5.00%, 12/01/27		100			110,723
Michigan State Housing Development Authority, Single-Family Mortgage, Series B (RB)
3.10%, 06/01/26 (c)		1,370			1,331,979
3.35%, 06/01/26 (c)		170			164,582
State of Michigan Trunk Line, Series A (RB) 5.00%, 11/15/31 (c)		1,900			2,210,452
State of Michigan, Environmental Program (GO) 3.00%, 05/01/26 (c)		410			410,375
State of Michigan, Environmental Program, Series A (GO)
3.00%, 05/15/30 (c)		750			694,093

	Par
	(000’s		)	Value
Michigan (continued)
5.00%, 12/01/25 (c)	$	10		$	10,853
Wayne County Airport Authority, Deroit Metropolitan Airport, Series A (RB) 5.00%, 12/01/28 (c)		560			626,674
					17,001,354
Minnesota: 1.1%
City of Maple Grove, Minnesota Health Care Facilities (RB)
3.38%, 05/01/27 (c)		180			179,006
3.50%, 05/01/27 (c)		460			457,901
City of Minneapolis, Fairview Health Services, Series A (RB) 5.00%, 11/15/28 (c)		125			136,572
County of Hennepin, Series B (GO) 5.00%, 12/15/28 (c)		1,000			1,139,496
Minneapolis-St. Paul Metropolitan Airports Commission, Series A (RB) 5.00%, 07/01/29 (c)		200			220,376
Minneapolis-St. Paul Metropolitan Airports Commission, Series B (RB)
5.00%, 01/01/27 (c)		325			353,668
5.00%, 01/01/27 (c)		515			561,185
Regents of the University of Minnesota, Series B (RB) 5.00%, 12/01/27 (c)		1,000			1,116,009
Roseville Independent School District No. 623 (GO) (SD CRED PROG) 5.00%, 02/01/27 (c)		500			549,419
State of Minnesota, State Trunk Highway, Series B (GO)
3.00%, 08/01/26 (c)		500			508,579
5.00%, 08/01/28		100			113,747
State of Minnesota, State Trunk Highway, Series E (GO) 3.00%, 10/01/27 (c)		120			122,536
State of Minnesota, Various Purpose, Series A (GO)
5.00%, 10/01/27 (c)		400			447,307
5.00%, 08/01/29 (c)		1,000			1,137,205
5.00%, 08/01/29		400			461,478
5.00%, 08/01/29 (c)		1,000			1,140,418
5.00%, 08/01/30 (c)		2,000			2,291,596
5.00%, 08/01/30 (c)		2,000			2,293,794
State of Minnesota, Various Purpose, Series D (GO)
2.25%, 08/01/26 (c)		925			893,344
3.00%, 10/01/27 (c)		1,000			1,016,877
3.00%, 10/01/27 (c)		1,000			1,013,655
University of Minnesota, Series B (RB) 5.00%, 12/01/27 (c)		805			901,698

	Par
	(000’s		)	Value
Minnesota (continued)
Virginia Independent School District No. 706, Series A (GO) (SD CRED PROG) 3.00%, 02/01/28 (c)	$	1,000		$	979,418
					18,035,284
Mississippi: 0.2%
State of Mississippi, Series A (GO)
5.00%, 10/01/27 (c)		430			479,637
5.00%, 10/01/27 (c)		880			979,059
State of Mississippi, Series A (RB)
5.00%, 10/15/28 (c)		400			446,626
5.00%, 10/15/28 (c)		550			613,015
5.00%, 10/15/28 (c)		1,000			1,114,868
State of Mississippi, Series B (GO)
4.00%, 10/01/29 (c)		295			304,548
5.00%, 12/01/26 (c)		155			171,569
					4,109,322
Missouri: 0.6%
City of Kansas, Series C (RB) 5.00%, 09/01/27 (c)		745			832,101
Curators of the University of Missouri, Series B (RB) 5.00%, 11/01/30		1,400			1,639,398
Health and Educational Facilities Authority, Mercy Health, Series A (RB) 5.00%, 12/01/28 (c)		250			279,194
Missouri Joint Municipal Electric Utility Commission, Prairie State Project, Series A (RB) 4.00%, 06/01/26 (c)		15			15,603
Platte County Park Hill School District (GO) (SAW)
3.00%, 03/01/26 (c)		225			217,284
3.00%, 03/01/26 (c)		105			102,376
Springfield School District No. R-12 (GO) 4.00%, 03/01/29 (c)		650			687,637
Springfield School District No. R-12 (GO) (SAW)
4.00%, 03/01/28 (c)		1,035			1,097,538
4.00%, 03/01/28 (c)		615			654,050
4.00%, 03/01/29 (c)		1,415			1,495,157
5.00%, 03/01/29 (c)		450			506,667
St. Louis County, Series A (RB)
2.00%, 12/01/28 (c)		1,045			862,999
4.00%, 12/01/28 (c)		1,345			1,436,977
					9,826,981
Montana: 0.0%
Montana Facility Finance Authority, SCL Health System, Series A (RB) 5.00%, 01/01/29		150			167,680

	Par
	(000’s		)	Value
Nebraska: 0.4%
Central Plains Energy Project, Gas Project Crossover, Series A (RB)
5.00%, 09/01/32	$	1,280		$	1,414,196
5.00%, 09/01/34		3,300			3,671,745
Douglas County Hospital Authority No. 2 (RB) 4.00%, 05/15/26 (c)		115			116,644
Omaha Public Power District, Electric System, Series A (RB) 5.00%, 12/01/27 (c)		100			110,615
Omaha Public Power District, Electric System, Series A (RB) (SAW) 5.00%, 02/01/29 (c)		1,125			1,272,162
					6,585,362
Nevada: 1.2%
Clark County Limited Tax Bond Bank, Series B (GO) 5.00%, 11/01/26 (c)		300			327,713
Clark County School District, Series A (GO) 5.00%, 06/15/31		530			610,359
Clark County School District, Series A (GO) (AGM)
5.00%, 06/15/30 (c)		915			1,031,919
5.00%, 06/15/30 (c)		1,000			1,138,608
Clark County School District, Series B (GO)
4.00%, 11/01/26 (c)		250			262,066
4.00%, 11/01/26 (c)		155			162,614
Clark County School District, Series B (GO) (AGM) 5.00%, 06/15/29		1,000			1,128,895
Clark County School District, Series B (GO) (BAM) 3.00%, 06/15/30 (c)		1,500			1,345,890
Clark County School District, Series C (GO)
5.00%, 12/15/25 (c)		200			215,063
5.00%, 12/15/27 (c)		1,050			1,157,398
Clark County Water Reclamation District (GO) 3.00%, 07/01/26 (c)		630			639,223
Clark County, Las Vegas McCarran International Airport Passenger Facility, Series E (RB) 5.00%, 07/01/29 (c)		1,200			1,329,978
Clark County, Limited Tax (GO) 4.00%, 06/01/29 (c)		1,000			1,051,722
Clark County, Limited Tax, Series A (GO)
5.00%, 06/01/28 (c)		150			166,916
5.00%, 06/01/28 (c)		1,110			1,243,624
Clark County, Limited Tax, Series C (GO)
3.00%, 07/01/27 (c)		305			295,416
3.00%, 07/01/27 (c)		500			482,124

	Par
	(000’s		)	Value
Nevada (continued)
3.00%, 07/01/27 (c)	$	270		$	256,424
Clark County, McCarran International Airport, Series B (RB) 5.00%, 07/01/29 (c)		275			306,268
Clark County, Nevada Pollution Control, Southern California Edison Company (RB) 2.10%, 06/01/31		1,500			1,299,608
County of Clark, Las Vegas McCarran International Airport Passenger Facility, Series E (RB) 5.00%, 07/01/29 (c)		470			523,439
Las Vegas Valley Water District, Series A (GO)
4.00%, 02/01/27 (c)		500			522,796
5.00%, 06/01/26 (c)		190			207,951
State of Nevada, Highway Improvement, Motor Vehicle Fuel Tax (RB)
4.00%, 06/01/27 (c)		1,000			1,052,414
5.00%, 06/01/27 (c)		795			881,101
State of Nevada, Highway Improvement, Motor Vehicle Fuel Tax (RB) (AGM)
3.38%, 06/01/28 (c)		325			326,889
4.00%, 06/01/28 (c)		760			807,456
4.00%, 06/01/28 (c)		760			802,004
Truckee Meadows Water Authority (RB)
5.00%, 07/01/26 (c)		355			386,480
5.00%, 07/01/26 (c)		30			32,772
					19,995,130
New Hampshire: 0.1%
New Hampshire Municipal Bond Bank, Series C (RB) 5.00%, 08/15/29		2,000			2,295,721
New Jersey: 4.0%
Board of Education of the Toms River Regional School District (GO) 3.00%, 07/15/26 (c)		500			461,201
City of Ocean City (GO) 2.25%, 09/15/26 (c)		250			212,670
County of Hudson (GO)
2.00%, 11/15/28 (c)		685			526,395
2.00%, 11/15/28 (c)		2,000			1,567,873
2.12%, 11/15/28 (c)		265			203,136
County of Union, Technical School Bonds, Series A (GO) 3.00%, 09/01/25 (c)		600			604,524
New Jersey Economic Development Authority, Montclair State University Student Housing Project (RB) (AGM) 4.00%, 06/01/27 (c)		275			287,108

	Par
	(000’s		)	Value
New Jersey (continued)
New Jersey Economic Development Authority, Motor Vehicle Surcharges, Series A (RB) (BAM) 3.12%, 07/01/27 (c)	$	755		$	724,297
New Jersey Economic Development Authority, New Jersey Transit Corp. Project, Series A (RB) (AGM) 5.00%, 11/01/29 (c)		260			282,359
New Jersey Economic Development Authority, New Jersey Transit Transportation Project, Series A (RB) (AGM) 5.00%, 11/01/29 (c)		1,000			1,082,386
New Jersey Economic Development Authority, School Facilities Construction, Series AAA (RB) 5.50%, 12/15/26 (c)		380			414,822
New Jersey Economic Development Authority, School Facilities Construction, Series BBB (RB) 5.50%, 12/15/26 (c)		275			310,588
New Jersey Economic Development Authority, School Facilities Construction, Series DDD (RB)
5.00%, 06/15/27 (c)		615			654,996
5.00%, 06/15/27 (c)		935			997,466
5.00%, 06/15/27		245			265,813
New Jersey Economic Development Authority, School Facilities Construction, Series LLL (RB) 5.00%, 12/15/29 (c)		1,250			1,342,470
New Jersey Economic Development Authority, School Facilities Construction, Series MMM (RB) 4.00%, 12/15/29 (c)		1,080			1,063,407
New Jersey Economic Development Authority, State House Project, Series B (RB)
4.00%, 12/15/28 (c)		1,290			1,328,512
5.00%, 12/15/28 (c)		315			339,058
New Jersey Educational Facilities Authority, Higher Education Facilities Trust (RB) 5.00%, 06/15/24 (c)		230			239,265
New Jersey Educational Facilities Authority, Princeton University, Series C (RB)
2.00%, 03/01/31 (c)		1,975			1,596,240
2.00%, 03/01/31 (c)		1,000			821,146
2.00%, 03/01/31 (c)		6,000			4,751,554

	Par
	(000’s		)	Value
New Jersey (continued)
New Jersey Educational Facilities Authority, Princeton University, Series I (RB) 5.00%, 07/01/27 (c)	$	500		$	556,071
New Jersey Health Care Facilities Financing Authority, Hackensack Meridian Health Obligated Group Issue, Series A (RB) 5.00%, 07/01/27 (c)		1,000			1,101,496
New Jersey Health Care Facilities Financing Authority, Inspira Health Obligated Group Issue, Series A (RB) 3.38%, 07/01/27 (c)		360			357,315
New Jersey Health Care Facilities Financing Authority, Robert Wood Jonson University Hospital, Series A (RB) 5.25%, 07/01/23 (c)		1,355			1,389,980
New Jersey Health Care Facilities Financing Authority, RWJ Barnabas Health Obligated Group Issue, Series A (RB) 4.00%, 07/01/26 (c)		1,590			1,633,544
New Jersey Health Care Facilities Financing Authority, St. Joseph’s Healthcare System Obligated Group Issue (RB)
3.00%, 07/01/26 (c)		115			112,044
3.12%, 07/01/26 (c)		150			145,793
New Jersey Health Care Facilities Financing Authority, Valley Health System (RB) 5.00%, 07/01/29 (c)		1,000			1,136,915
New Jersey Housing and Mortgage Finance Agency, Series A (RB) 3.75%, 10/01/27 (c)		870			865,258
New Jersey State Turnpike Authority, Series B (RB)
5.00%, 01/01/28 (c)		2,900			3,172,937
5.00%, 01/01/28 (c)		1,080			1,182,505
5.00%, 01/01/28 (c)		115			126,043
New Jersey State, COVID-19, Series A (GO) 4.00%, 06/01/32		1,135			1,184,110
New Jersey Transportation Trust Fund Authority, Series A (RB)
4.00%, 12/15/28 (c)		2,830			2,878,019
5.00%, 12/15/28 (c)		1,395			1,500,665
5.00%, 12/15/28 (c)		1,000			1,067,885
5.00%, 12/15/28 (c)		1,100			1,179,338
5.00%, 12/15/28		500			548,075
5.00%, 06/15/26 (c)		435			464,410

	Par
	(000’s		)	Value
New Jersey (continued)
5.00%, 06/15/31 (c)	$	500		$	539,435
New Jersey Transportation Trust Fund Authority, Series A-1 (RB) 4.10%, 06/15/26 (c)		780			799,899
New Jersey Transportation Trust Fund Authority, Series AA (RB) 5.00%, 12/15/30 (c)		1,200			1,284,904
New Jersey Turnpike Authority, Series A (RB)
4.00%, 01/01/27 (c)		135			138,709
5.00%, 01/01/27 (c)		270			292,858
5.00%, 01/01/27 (c)		1,625			1,772,165
New Jersey Turnpike Authority, Series E (RB)
5.00%, 01/01/28 (c)		115			127,192
5.00%, 01/01/28 (c)		200			219,205
New Jersey Turnpike Authority, Series G (RB) 5.00%, 01/01/28 (c)		1,000			1,093,193
New Jersey Turnpike Authority, Series G (RB) (AGM) 4.00%, 01/01/28 (c)		2,130			2,214,691
State of New Jersey, Series A (GO) 3.00%, 06/01/32		250			238,526
State of New Jersey, Various Purposes (GO)
2.00%, 12/01/29 (c)		3,000			2,252,044
2.00%, 12/01/29 (c)		3,000			2,358,015
2.00%, 12/01/29 (c)		3,000			2,603,828
5.00%, 12/01/29 (c)		5,000			5,553,057
5.00%, 06/01/27 (c)		400			436,398
Tobacco Settlement Financing Corp., Series A (RB)
5.00%, 06/01/27		360			387,517
5.00%, 06/01/28 (c)		2,500			2,681,645
5.00%, 06/01/28 (c)		195			210,116
5.00%, 06/01/28 (c)		225			240,283
5.00%, 06/01/28 (c)		250			267,660
5.00%, 06/01/28 (c)		500			537,247
					66,928,276
New York: 16.3%
City of New York Housing Development Corp., Series G-1 (RB) 3.10%, 11/01/25 (c)		500			483,843
City of New York, Series A (GO)
4.00%, 08/01/26 (c)		485			498,815
4.00%, 08/01/31 (c)		600			604,795
5.00%, 08/01/26 (c)		1,810			1,958,835
5.00%, 08/01/27 (c)		540			597,656
5.00%, 08/01/27		550			609,290
5.00%, 08/01/30		415			473,639
City of New York, Series A-1 (GO) 5.00%, 08/01/29		1,000			1,133,255

	Par
	(000’s		)	Value
New York (continued)
City of New York, Series B-1 (GO)
4.00%, 12/01/26 (c)	$	250		$	256,807
5.00%, 10/01/27 (c)		100			109,397
5.00%, 10/01/29 (c)		1,125			1,263,367
5.00%, 10/01/29 (c)		500			564,307
5.00%, 11/01/30		1,000			1,144,089
5.00%, 12/01/26 (c)		395			429,554
5.25%, 10/01/27 (c)		920			1,027,541
City of New York, Series C (GO) 5.00%, 02/01/27 (c)		225			247,238
City of New York, Series C and D (GO)
5.00%, 02/01/26 (c)		110			119,151
5.00%, 02/01/28 (c)		820			915,534
5.00%, 02/01/28 (c)		1,250			1,367,766
City of New York, Series C-1 (GO) (SBG) 5.00%, 08/01/28		1,000			1,120,928
City of New York, Series C-1 (GO) (SD CRED PROG) 5.00%, 08/01/30		2,000			2,282,599
City of New York, Series D-1 (GO) (BAM) 5.00%, 03/01/30 (c)		1,565			1,732,260
City of New York, Series E (GO) 5.00%, 08/01/26 (c)		540			584,404
City of New York, Series E-1 (GO)
5.00%, 03/01/28 (c)		1,015			1,117,087
5.25%, 03/01/28 (c)		1,500			1,686,193
5.25%, 03/01/28 (c)		1,000			1,113,586
City of New York, Series F-1 (GO) 5.00%, 04/01/28 (c)		250			273,276
City of New York, Series I-A (GO) 4.00%, 10/01/30 (c)		2,000			2,026,951
City of New York, Series L (GO) 5.00%, 04/01/29 (c)		400			446,630
City of New York, Series L-5 (GO) 5.00%, 04/01/31 (c)		1,865			2,111,808
City of New York, Series L-6 (GO)
5.00%, 04/01/28		175			195,327
5.00%, 04/01/29 (c)		1,000			1,127,239
City of Troy Capital Resource Corp., Series A (RB) 5.00%, 09/01/30 (c)		500			554,101
County of Nassau, Interim Finance Authority, Public Benefit Corp., Series A (RB) 5.00%, 05/15/31 (c)		1,500			1,748,090
County of Nassau, Series C (GO)
5.00%, 10/01/27		310			344,021
5.00%, 10/01/27 (c)		600			658,576

	Par
	(000’s		)	Value
New York (continued)
County of Suffolk, Series D (GO) (BAM) 4.00%, 10/15/27 (c)	$	1,520		$	1,610,557
Hudson Yards Infrastructure Corp., Series A (RB)
5.00%, 02/15/27 (c)		1,700			1,861,933
5.00%, 02/15/27 (c)		1,400			1,536,642
5.00%, 02/15/27 (c)		3,025			3,324,510
5.00%, 02/15/27 (c)		460			503,817
Long Island Power Authority, Electric System (RB)
5.00%, 09/01/27 (c)		500			551,134
5.00%, 09/01/27 (c)		305			338,417
5.00%, 09/01/27 (c)		750			826,311
5.00%, 09/01/28 (c)		1,035			1,151,511
Long Island Power Authority, Electric System, Series A (RB) 3.00%, 09/01/28 (c)		450			427,330
Long Island Power Authority, Electric System, Series B (RB) 5.00%, 09/01/26 (c)		40			43,888
Metropolitan Transportation Authority, Series A (RB) 4.00%, 11/15/26 (c)		340			340,628
Metropolitan Transportation Authority, Series A-2 (RB) 5.00%, 05/15/27 (c)		155			166,892
Metropolitan Transportation Authority, Series B (RB)
4.00%, 11/15/26 (c)		215			215,136
5.00%, 11/15/26 (c)		310			333,089
5.00%, 11/15/28		380			412,750
5.00%, 11/15/28		380			412,750
Metropolitan Transportation Authority, Series B-2 (RB)
5.00%, 11/15/26 (c)		15			16,221
5.00%, 11/15/27 (c)		200			218,304
5.00%, 11/15/27		400			446,127
5.00%, 11/15/27 (c)		1,185			1,288,271
Metropolitan Transportation Authority, Series C-1 (RB)
4.00%, 05/15/28 (c)		1,240			1,245,250
4.00%, 05/15/28 (c)		395			395,325
4.00%, 05/15/28 (c)		410			409,535
5.00%, 11/15/26 (c)		155			166,544
5.00%, 05/15/28 (c)		1,260			1,361,125
5.00%, 05/15/28 (c)		470			505,635
5.00%, 05/15/28 (c)		810			860,267
5.00%, 05/15/28 (c)		1,445			1,545,627
5.00%, 05/15/28 (c)		1,540			1,652,265
5.00%, 05/15/28 (c)		2,540			2,703,309
Metropolitan Transportation Authority, Series C-2 (RB) 0.00%, 11/15/33 ^		1,035			660,152
Metropolitan Transportation Authority, Series D (RB)
3.12%, 11/15/26 (c)		265			235,277
4.00%, 11/15/26 (c)		400			401,308

	Par
	(000’s		)	Value
New York (continued)
5.00%, 05/15/28 (c)	$	1,570		$	1,674,949
5.00%, 05/15/28 (c)		535			569,398
5.00%, 05/15/28 (c)		1,085			1,164,095
Metropolitan Transportation Authority, Series E (RB) 5.00%, 11/15/30		1,000			1,097,775
Monroe County Industrial Development Corp. (RB) 3.00%, 12/01/30 (c)		865			707,491
New York City Housing Development Corp. (RB) (FHA 542(C)) 2.10%, 05/01/29 (c)		2,000			1,603,976
New York City Housing Development Corp., Multi- Family Housing, Series A-1-C (RB) 2.35%, 05/01/28 (c)		1,100			934,461
New York City Housing Development Corp., Multi- Family Housing, Series C-1 (RB) 2.10%, 05/01/29 (c)		1,340			1,068,210
New York City Industrial Development Agency (RB) (AGM)
4.00%, 01/01/31 (c)		500			515,322
4.00%, 09/01/30 (c)		1,500			1,548,296
5.00%, 01/01/31		2,700			3,002,534
New York City Industrial Development Agency, Queens Baseball Stadium Project, Series A (RB) (AGM) 2.00%, 01/01/31 (c)		1,250			891,694
New York City Industrial Development Agency, Yankee Stadium Project, Series A (RB) (AGM) 5.00%, 03/01/30		2,145			2,395,250
New York City Transitional Finance Authority, Building Aid, Series S-1 (RB) (SAW)
3.00%, 07/15/31 (c)		1,400			1,228,949
4.00%, 07/15/31 (c)		1,375			1,417,034
5.00%, 07/15/31 (c)		1,000			1,150,099
New York City Transitional Finance Authority, Building Aid, Series S-2 (RB) (SAW)
5.00%, 07/15/25 (c)		135			144,677
5.00%, 07/15/28 (c)		1,010			1,116,739
New York City Transitional Finance Authority, Building Aid, Series S-3 (RB) (SAW) 5.00%, 07/15/28 (c)		1,605			1,765,268
New York City Transitional Finance Authority, Building Aid, Series S-4 (RB) (SAW)
5.00%, 07/15/28 (c)		100			110,568
5.00%, 07/15/28 (c)		500			549,928

	Par (000’s		)	Value
New York (continued)
5.25%, 07/15/28 (c)	$	415		$	461,991
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A (RB)
3.00%, 11/01/30 (c)		2,000			1,787,174
5.00%, 11/01/30 (c)		3,000			3,353,543
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A-1 (RB)
4.00%, 05/01/26 (c)		630			656,420
5.00%, 11/01/31 (c)		1,000			1,151,683
5.00%, 05/01/26 (c)		160			172,518
5.00%, 05/01/26 (c)		280			303,888
5.00%, 05/01/26 (c)		450			486,442
5.00%, 05/01/26 (c)		880			949,883
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series B (RB)
5.00%, 11/01/22 (c)		1,000			1,015,723
5.00%, 08/01/24 (c)		260			273,542
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series B-1 (RB)
4.00%, 08/01/27 (c)		115			117,750
5.00%, 08/01/26 (c)		530			577,562
5.00%, 08/01/26 (c)		895			971,202
5.00%, 08/01/26 (c)		690			749,900
5.00%, 08/01/26 (c)		540			586,653
5.00%, 08/01/27 (c)		350			381,128
5.00%, 08/01/27 (c)		125			137,513
5.00%, 08/01/27 (c)		1,000			1,092,475
5.00%, 08/01/28 (c)		780			855,994
5.00%, 08/01/30 (c)		1,000			1,140,924
5.00%, 08/01/31 (c)		1,000			1,135,992
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series C (RB)
5.00%, 11/01/25 (c)		20			21,656
5.00%, 05/01/27 (c)		2,280			2,494,937
5.00%, 05/01/27 (c)		900			977,873
5.00%, 08/01/30 (c)		855			976,801
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series C-1 (RB) 5.00%, 11/01/30 (c)		4,500			5,020,020
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series E (RB) 3.50%, 05/01/27 (c)		100			100,974

	Par (000’s		)	Value
New York (continued)
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series E-1 (RB)
5.00%, 02/01/25 (c)	$	155		$	163,601
5.00%, 02/01/27 (c)		1,190			1,297,658
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series G-1 (RB) 4.00%, 11/01/30		6,000			6,451,268
New York City Trust for Cultural Resources, The Museum of Modern Art, Series 1-E (RB)
4.00%, 10/01/26 (c)		850			899,867
4.00%, 10/01/26 (c)		745			784,887
New York City Water and Sewer System, Series AA (RB) 5.00%, 12/15/29 (c)		1,000			1,128,845
New York City Water and Sewer System, Series BB (RB)
5.00%, 06/15/27 (c)		595			661,297
5.00%, 06/15/27 (c)		310			342,822
New York City Water and Sewer System, Series DD (RB) 5.00%, 06/15/31		1,865			2,163,852
New York City Water and Sewer System, Series EE (RB) 5.00%, 06/15/27 (c)		215			237,872
New York City Water and Sewer System, Series FF-2 (RB) 5.00%, 06/15/29 (c)		500			558,261
New York State Dormitory Authority, Columbia University (RB) 5.00%, 04/01/26 (c)		170			186,087
New York State Dormitory Authority, Columbia University, Series A (RB) (FHA) 5.00%, 10/01/28		115			131,281
New York State Dormitory Authority, Columbia University, Series B (RB) 5.00%, 10/01/27		25			28,131
New York State Dormitory Authority, Cornell University, Series A (RB) 4.00%, 07/01/26 (c)		200			208,478
New York State Dormitory Authority, Cornell University, Series D (RB)
5.00%, 07/01/33		110			131,085
5.00%, 07/01/34		1,100			1,318,981
New York State Dormitory Authority, Fordham University (RB) 4.00%, 07/01/27 (c)		800			808,181

	Par (000’s		)	Value
New York (continued)
New York State Dormitory Authority, Memorial Sloan- Kettering Cancer Center, Series 1 (RB) 4.00%, 07/01/29 (c)	$	1,000		$	1,018,000
New York State Dormitory Authority, Montefiore Medical Center, Series A (RB)
5.00%, 08/01/28 (c)		1,000			1,052,560
5.00%, 08/01/28		545			576,978
New York State Dormitory Authority, Montefiore Obligated Group, Series A (RB) 5.00%, 08/01/28 (c)		1,890			1,984,569
New York State Dormitory Authority, New School University, Series A (RB) 5.00%, 01/01/27 (c)		250			270,844
New York State Dormitory Authority, New York State University, Series B (RB) 5.00%, 07/01/25 (c)		20			21,544
New York State Dormitory Authority, New York University, Series A (RB)
4.00%, 07/01/31 (c)		1,000			1,012,558
5.00%, 07/01/26 (c)		260			281,884
5.00%, 07/01/27 (c)		250			275,248
5.00%, 07/01/27 (c)		200			219,896
5.00%, 07/01/27 (c)		445			491,515
5.00%, 07/01/27 (c)		475			525,854
5.00%, 07/01/28 (c)		385			434,949
5.00%, 07/01/29 (c)		100			114,224
New York State Dormitory Authority, Personal Income Tax, Series A (RB)
3.00%, 09/15/30 (c)		3,120			2,781,259
4.00%, 02/15/27 (c)		475			483,795
4.00%, 09/15/30 (c)		1,135			1,149,405
5.00%, 02/15/27 (c)		1,000			1,094,318
5.00%, 02/15/27 (c)		1,375			1,507,910
5.00%, 03/15/28		930			1,043,863
New York State Dormitory Authority, Personal Income Tax, Series E (RB)
4.00%, 03/15/32 (c)		2,000			2,029,155
4.00%, 03/15/32 (c)		1,500			1,516,352
New York State Dormitory Authority, School Districts Bond Financing Program, Series A (RB) (AGM)
5.00%, 10/01/27 (c)		635			695,997
5.00%, 10/01/27 (c)		100			109,085
New York State Dormitory Authority, School Districts Bond Financing Program, Series A (RB) (SAW)
5.00%, 10/01/26 (c)		1,325			1,450,683

	Par (000’s		)	Value
New York (continued)
5.00%, 10/01/26 (c)	$	200		$	218,710
5.00%, 10/01/26 (c)		650			713,358
New York State Dormitory Authority, Sloan-Kettering Cancer Center, Series 1 (RB) 4.00%, 07/01/27 (c)		525			533,545
New York State Dormitory Authority, Sloan-Kettering Cancer Center, Series 1 (RB) (AGM) 2.00%, 07/01/29 (c)		850			680,846
New York State Dormitory Authority, St. John’s University, Series A (RB) 4.00%, 07/01/31 (c)		500			511,965
New York State Dormitory Authority, State Personal Income Tax, Series A (RB)
4.00%, 03/15/31 (c)		2,795			2,822,870
5.00%, 02/15/27 (c)		595			647,787
5.00%, 03/15/25 (c)		150			160,093
5.00%, 03/15/25 (c)		195			207,121
5.00%, 03/15/29 (c)		2,030			2,235,914
5.00%, 03/15/29 (c)		1,950			2,144,057
5.00%, 03/15/29		2,085			2,365,118
5.00%, 03/15/29 (c)		3,910			4,292,561
5.00%, 03/15/29		100			113,435
5.00%, 03/15/30		3,000			3,433,733
5.00%, 03/15/31 (c)		4,000			4,527,329
New York State Dormitory Authority, State Personal Income Tax, Series B (RB)
5.00%, 08/15/27 (c)		2,270			2,443,104
5.00%, 08/15/27 (c)		2,000			2,203,308
New York State Dormitory Authority, State Personal Income Tax, Series C (RB) 5.00%, 03/15/24 (c)		385			400,873
New York State Dormitory Authority, State Personal Income Tax, Series D (RB)
5.00%, 02/15/30		1,435			1,640,974
5.00%, 02/15/30 (c)		2,000			2,249,238
5.00%, 08/15/26 (c)		315			343,084
5.00%, 08/15/26 (c)		940			1,019,058
New York State Dormitory Authority, State Personal Income Tax, Series D (RB) (BAM) 5.00%, 02/15/30 (c)		115			129,932
New York State Dormitory Authority, State Sales Tax, Series A (RB)
5.00%, 01/01/27 (c)		250			267,817
5.00%, 03/15/24 (c)		115			120,127
5.00%, 03/15/24 (c)		340			355,157
5.00%, 03/15/27 (c)		2,110			2,309,822
5.00%, 03/15/27 (c)		305			335,630
5.00%, 03/15/27 (c)		1,000			1,095,654

	Par (000’s		)	Value
New York (continued)
5.00%, 03/15/27 (c)	$	515		$	565,489
5.00%, 09/15/26 (c)		60			65,101
5.00%, 09/15/26 (c)		140			152,143
New York State Dormitory Authority, State Sales Tax, Series B (RB)
5.00%, 09/15/25 (c)		170			181,679
5.00%, 09/15/25 (c)		120			128,883
New York State Dormitory Authority, State Sales Tax, Series C (RB)
5.00%, 03/15/28 (c)		520			574,969
5.00%, 03/15/28 (c)		1,700			1,851,598
New York State Dormitory Authority, State University Dormitory Facilities, Series A (RB) 5.00%, 07/01/27 (c)		2,560			2,821,122
New York State Dormitory Authority, Supported Debt Montefiore, Series A (RB) 5.00%, 08/01/28 (c)		1,000			1,045,607
New York State Environmental Facilities Corp., Municipal Water Finance Authority Projects, Series A (RB)
5.00%, 06/15/26 (c)		765			834,723
5.00%, 06/15/26 (c)		415			452,146
5.00%, 06/15/27 (c)		150			164,755
5.00%, 06/15/27 (c)		405			450,947
New York State Environmental Facilities Corp., Municipal Water Finance Authority Projects, Series B (RB) 5.00%, 06/15/29 (c)		1,250			1,407,859
New York State Environmental Facilities Corp., Municipal Water Finance Authority Projects, Series E (RB)
3.00%, 06/15/27 (c)		495			491,648
5.00%, 06/15/27 (c)		1,000			1,104,369
5.00%, 06/15/27 (c)		500			549,681
New York State Housing Finance Agency, Series H (RB) (AGM) 2.10%, 05/01/29 (c)		900			753,736
New York State Thruway Authority, Series A (RB)
5.00%, 01/01/26 (c)		650			700,420
5.00%, 01/01/26 (c)		600			645,024
New York State Thruway Authority, Series B (RB) (AGM) 4.00%, 01/01/30 (c)		800			804,650
New York State Thruway Authority, Series L (RB)
3.50%, 01/01/28 (c)		1,120			1,143,601
5.00%, 01/01/28 (c)		1,300			1,427,628
5.00%, 01/01/28 (c)		1,500			1,651,396

	Par (000’s		)	Value
New York (continued)
New York State Thruway Authority, State Personal Income, Series A-1 (RB)
5.00%, 03/15/31 (c)	$	800		$	904,165
5.00%, 03/15/31 (c)		2,000			2,268,605
New York State Urban Development Corp. (RB) 5.00%, 09/15/31 (c)		4,500			5,092,465
New York State Urban Development Corp., State Personal Income, Series A (RB)
5.00%, 03/15/23 (c)		1,800			1,839,467
5.00%, 03/15/27 (c)		325			353,622
5.00%, 03/15/27 (c)		750			819,602
5.00%, 09/15/30 (c)		1,475			1,640,907
New York State Urban Development Corp., State Personal Income, Series C (RB)
4.00%, 09/15/30 (c)		1,000			1,021,069
4.00%, 09/15/30 (c)		1,000			1,008,408
5.00%, 03/15/28		500			561,216
5.00%, 09/15/27 (c)		4,295			4,702,937
5.00%, 09/15/27 (c)		350			383,969
5.00%, 09/15/30 (c)		250			279,405
New York State Urban Development Corp., State Sales Tax, Series A (RB) 5.00%, 09/15/29 (c)		1,000			1,110,736
New York Transportation Development Corp., Terminal 4 John F. Kennedy International Airport Project, Series C (RB)
5.00%, 12/01/30 (c)		1,000			1,062,211
5.00%, 12/01/30 (c)		750			799,178
5.00%, 12/01/30		1,150			1,254,138
Port Authority of New York & New Jersey (RB) 5.00%, 07/15/30 (c)		1,000			1,128,793
Port Authority of New York and New Jersey, Series 198 (RB) 5.00%, 11/15/26 (c)		300			324,979
Port Authority of New York and New Jersey, Series 205 (RB)
5.00%, 11/15/27 (c)		1,000			1,103,412
5.00%, 11/15/27 (c)		2,500			2,743,810
5.00%, 11/15/27 (c)		840			931,844
Port Authority of New York and New Jersey, Series 209 (RB)
5.00%, 07/15/28		255			288,611
5.00%, 07/15/28 (c)		500			557,187
Port Authority of New York and New Jersey, Series 211 (RB) 5.00%, 09/01/28 (c)		500			559,562
Port Authority of New York and New Jersey, Series 217 (RB) 5.00%, 11/01/29 (c)		500			558,789

	Par (000’s		)	Value
New York (continued)
Port Authority of New York and New Jersey, Series 222 (RB)
4.00%, 07/15/30 (c)	$	2,600		$	2,642,455
4.00%, 07/15/30 (c)		3,975			4,032,956
5.00%, 07/15/30 (c)		1,000			1,134,292
State of New York Mortgage Agency, Series 197 (RB) 2.60%, 04/01/25 (c)		615			573,867
State of New York Mortgage Agency, Series 195 (RB) 3.00%, 04/01/25 (c)		615			596,880
State of New York Mortgage Agency, Series 205 (RB) 3.12%, 10/01/26 (c)		460			444,370
Suffolk County Water Authority (RB) 4.00%, 06/01/25 (c)		10			10,420
Triborough Bridge and Tunnel Authority, Series A (RB) 5.00%, 05/15/26 (c)		20			21,800
Triborough Bridge and Tunnel Authority, Series B (RB)
5.00%, 11/15/31		1,000			1,168,252
5.00%, 05/15/27 (c)		1,255			1,375,796
5.00%, 05/15/27 (c)		1,070			1,174,566
5.00%, 05/15/27 (c)		1,550			1,702,998
5.00%, 05/15/27 (c)		1,350			1,484,585
5.00%, 05/15/27 (c)		1,035			1,141,244
Triborough Bridge and Tunnel Authority, Series C (RB) 5.00%, 11/15/28		500			566,362
Triborough Bridge and Tunnel Authority, Series D (RB) 5.00%, 11/15/30 (c)		1,000			1,128,885
TSASC, Inc., Tobacco Settlement Bonds, Series A (RB)
5.00%, 06/01/27 (c)		285			304,245
5.00%, 06/01/27 (c)		845			890,303
5.00%, 06/01/27 (c)		130			139,222
5.00%, 06/01/27 (c)		500			528,891
5.00%, 06/01/27 (c)		1,140			1,207,950
Utility Debt Securitization Authority (RB)
5.00%, 12/15/25 (c)		1,500			1,617,800
5.00%, 12/15/25 (c)		2,500			2,689,181
5.00%, 12/15/25 (c)		200			216,856
Utility Debt Securitization Authority, Series A (RB)
5.00%, 06/15/25 (c)		360			386,544
5.00%, 06/15/26 (c)		500			543,331
5.00%, 06/15/26 (c)		610			665,098
Utility Debt Securitization Authority, Series B (RB) 5.00%, 06/15/26 (c)		1,135			1,239,372
					276,768,567

	Par (000’s		)	Value
North Carolina: 1.8%
Charlotte-Mecklenburg Hospital Authority, Atrium Health Variable Rate Health Care, Series D (RB) 5.00%, 12/01/31 (p)	$	3,000		$	3,396,743
Charlotte-Mecklenburg Hospital Authority, Carolinas Healthcare System, Series A (RB) 4.00%, 01/15/26 (c)		100			101,643
County of Forsyth, Public Improvement, Series B (GO) 3.00%, 03/01/27 (c)		590			587,522
County of Mecklenburg, Series A (GO)
4.00%, 04/01/27 (c)		1,000			1,063,429
4.00%, 04/01/27 (c)		900			952,571
County of Mecklenburg, Series B (GO) 2.00%, 12/01/26 (c)		250			225,196
County of Union, Enterprise Systems (RB) 4.00%, 06/01/31 (c)		1,000			1,071,794
County of Wake (RB)
3.00%, 03/01/31 (c)		1,500			1,434,660
4.00%, 03/01/31 (c)		850			901,672
County of Wake, Series A (RB)
3.12%, 08/01/28 (c)		150			147,935
5.00%, 12/01/26 (c)		500			550,056
North Carolina Capital Facilities Finance Agency, Wake Forest Univeristy (RB) 5.00%, 07/01/26 (c)		130			142,494
North Carolina Charlotte Douglas International Airport, Series A (RB) 4.00%, 07/01/31 (c)		1,000			1,028,139
North Carolina Medical Care Commission, Duke University Health System, Series D (RB) 4.00%, 06/01/26 (c)		10			10,174
North Carolina Medical Care Commission, Health Care Facilities, Series A (RB) 5.00%, 06/01/27		365			405,263
North Carolina Municipal Power Agency No. 1, Series A (RB) 5.00%, 01/01/30 (c)		1,000			1,131,210
North Carolina Turnpike Authority, Triangle Expressway System (RB) 5.00%, 01/01/27 (c)		500			534,978
North Carolina Turnpike Authority, Triangle Expressway System (RB) (AGM) 5.00%, 01/01/29 (c)		380			428,136

	Par (000’s		)	Value
North Carolina (continued)
North Carolina Turnpike Authority, Triangle Expressway System, Series A (RB)
4.00%, 01/01/28 (c)	$	800		$	829,927
4.00%, 01/01/28 (c)		890			932,434
4.00%, 01/01/28 (c)		360			374,794
State of North Carolina, Department of State Treasurer, Series B (GO) 2.12%, 06/01/29 (c)		625			513,683
State of North Carolina, Grant Anticipation Revenue Vehicle (RB)
5.00%, 03/01/29 (c)		2,500			2,817,015
5.00%, 03/01/31 (c)		1,000			1,145,756
State of North Carolina, Series A (GO)
3.00%, 06/01/28 (c)		1,000			996,807
3.00%, 06/01/28 (c)		380			372,855
5.00%, 06/01/28 (c)		1,140			1,293,579
5.00%, 06/01/30 (c)		1,100			1,284,384
State of North Carolina, Series A (RB)
5.00%, 05/01/28		1,440			1,629,230
5.00%, 05/01/29 (c)		1,000			1,135,070
State of North Carolina, Series B (RB)
3.00%, 05/01/27 (c)		800			798,380
5.00%, 05/01/27 (c)		880			974,873
5.00%, 05/01/27		215			239,707
5.00%, 05/01/28		1,200			1,357,692
					30,809,801
North Dakota: 0.1%
County of Ward, North Dakota Health Care Facilities, Series C (RB) 5.00%, 06/01/28 (c)		410			442,729
North Dakota Housing Finance Agency, Home Mortgage Finance Program, Series A (RB) 3.55%, 07/01/27 (c)		180			179,906
North Dakota Housing Finance Agency, Home Mortgage Finance Program, Series D (RB) (SAW) 3.55%, 01/01/28 (c)		175			176,423
North Dakota Public Finance Authority, Series A (RB) 5.00%, 10/01/24 (c)		365			385,894
					1,184,952
Ohio: 2.9%
Akron Bath Copley Joint Township Hospital District (RB)
4.00%, 11/15/30 (c)		1,000			987,790
4.00%, 11/15/30 (c)		1,000			990,191

	Par (000’s		)	Value
Ohio (continued)
Buckeye Tobacco Settlement Financing Authority, Series A-2 (RB)
5.00%, 06/01/30 (c)	$	2,000		$	2,148,259
5.00%, 06/01/30 (c)		3,000			3,215,948
5.00%, 06/01/30 (c)		500			538,859
City of Cincinnati (GO) 4.00%, 12/01/27 (c)		975			1,040,558
City of Cleveland, Bridges and Roadways Improvements, Series B-2 (RB) 5.00%, 04/01/28 (c)		500			562,789
City of Columbus, Series 1 (GO)
4.00%, 10/01/27 (c)		200			212,800
5.00%, 10/01/27 (c)		250			280,773
5.00%, 10/01/27 (c)		750			839,503
City of Columbus, Various Purpose, Series A (GO) 5.00%, 04/01/30		1,000			1,159,670
City of Columbus, Various Purpose, Series B (GO) 5.00%, 04/01/29 (c)		1,245			1,422,565
County of Allen, Ohio Hospital Facilities, Mercy Health, Series A (RB)
5.00%, 12/01/29		1,250			1,406,386
5.00%, 02/01/28 (c)		1,030			1,128,903
5.00%, 02/01/28 (c)		445			492,115
5.00%, 06/01/30 (c)		1,000			1,121,542
County of Butler (RB)
4.00%, 11/15/27 (c)		400			404,053
5.00%, 11/15/27 (c)		1,805			1,974,302
County of Cuyahoga, Ohio Hospital, The Metrohealth System (RB)
5.00%, 02/15/27 (c)		250			272,227
5.00%, 02/15/27 (c)		100			107,901
County of Franklin, Nationwide Children’s Hospital Project, Series A (RB)
5.00%, 11/01/27 (c)		125			139,343
5.00%, 11/01/27 (c)		145			161,637
5.00%, 11/01/27 (c)		120			133,834
County of Hamilton, Sewer System, Series A (RB) 5.00%, 12/01/29 (c)		1,000			1,146,138
County of Scioto, Southern Ohio Medical Center (RB) 3.38%, 02/15/26 (c)		165			161,838
Cuyahoga Community College District (GO)
4.00%, 06/01/26 (c)		350			365,859
4.00%, 06/01/26 (c)		500			521,674
Kent State University (RB) 5.00%, 05/01/26 (c)		20			21,849
Northeast Ohio Regional Sewer District (RB) 3.00%, 11/15/29 (c)		1,000			946,602

	Par (000’s		)	Value
Ohio (continued)
Ohio Turnpike and Infrastructure Commission, Series A (RB)
5.00%, 02/15/28 (c)	$	1,845		$	2,064,022
5.00%, 02/15/28 (c)		500			558,177
5.00%, 02/15/28 (c)		500			557,253
Ohio Water Development Authority, Fresh Water (RB)
5.00%, 12/01/29 (c)		1,200			1,360,629
5.00%, 03/01/28 (c)		1,020			1,151,472
Ohio Water Development Authority, Fresh Water, Series A (RB) 5.00%, 06/01/26 (c)		125			136,759
Ohio Water Development Authority, Water Pollution Control, Series A (RB)
5.00%, 06/01/27 (c)		960			1,062,530
5.00%, 06/01/30 (c)		1,000			1,156,671
5.00%, 06/01/30 (c)		1,100			1,251,611
Ohio Water Development Authority, Water Pollution Control, Series B (RB)
5.00%, 12/01/25 (c)		40			43,525
5.00%, 12/01/25 (c)		20			21,720
State of Ohio Hospital, Cleveland Clinic Health System, Series A (GO) 5.00%, 03/15/24 (c)		480			501,398
State of Ohio Hospital, Cleveland Clinic Health System, Series A (RB)
4.00%, 01/01/28 (c)		760			769,582
5.00%, 01/01/28 (c)		140			154,710
5.00%, 01/01/28 (c)		425			473,340
5.00%, 01/01/28 (c)		135			149,871
5.00%, 01/01/28 (c)		130			142,763
State of Ohio Hospital, Cleveland Clinic Health System, Series B (RB) 5.00%, 01/01/32		775			900,270
State of Ohio, Capital Facilities Lease Appropriation Bonds, Series A (RB)
5.00%, 04/01/28 (c)		640			714,285
5.00%, 04/01/28 (c)		615			687,449
5.00%, 04/01/28 (c)		805			896,985
State of Ohio, Common Schools, Series A (GO) 5.00%, 03/15/24 (c)		25			26,100
State of Ohio, Higher Educational Facility, Case Western Reserve University Project (RB) 3.25%, 12/01/25 (c)		165			159,084
State of Ohio, Highway Capital Improvement, Series T (GO) 5.00%, 05/01/27 (c)		1,000			1,103,554

	Par (000’s		)	Value
Ohio (continued)
State of Ohio, Highway Capital Improvement, Series U (GO) 5.00%, 05/01/28	$	1,255		$	1,419,920
State of Ohio, Infrastructure Project, Series 1 (RB)
5.00%, 12/15/30		200			232,525
5.00%, 12/15/31		1,225			1,434,619
State of Ohio, Infrastructure Project, Series A (GO)
4.00%, 03/01/32 (c)		1,000			1,055,247
4.00%, 03/01/32 (c)		1,000			1,057,378
5.00%, 09/01/28 (c)		1,000			1,133,402
State of Ohio, Infrastructure Project, Series A (RB) 5.00%, 12/15/32		500			591,633
State of Ohio, Major New State Infrastructure Improvement Bonds (RB) 5.00%, 06/15/26 (c)		225			245,598
State of Ohio, Parks and Recreation Improvement, Series A (RB) 5.00%, 12/01/27 (c)		100			111,541
The Ohio State University, Multiyear Debt Issuance Program, Series A (RB) 5.00%, 12/01/29		2,225			2,553,469
Village of Bluffton, Blanchard Valley Health System (RB) 4.00%, 12/01/27 (c)		100			101,456
					49,886,456
Oklahoma: 0.2%
Canadian County Educational Facilities Authority, Mustang Public Schools (RB) 3.00%, 09/01/26 (c)		330			327,030
Grand River Dam Authority, Series A (RB)
5.00%, 12/01/26 (c)		410			450,104
5.00%, 12/01/26 (c)		515			562,821
5.00%, 12/01/26 (c)		100			109,466
Norman Regional Hospital Authority (RB) 3.25%, 09/01/29 (c)		750			674,316
Oklahoma Capitol Improvement Authority (RB) 4.00%, 07/01/26 (c)		155			161,139
Oklahoma Turnpike Authority, Series C (RB) 5.00%, 01/01/27 (c)		565			620,564
Oklahoma Turnpike Authority, Series E (RB)
5.00%, 01/01/27 (c)		300			331,023
5.00%, 01/01/27 (c)		155			171,029
					3,407,492

	Par (000’s		)	Value
Oregon: 1.6%
Asante Health System Obligated Group, Hospital Facilities Authority of the City of Medford, Asante Projects, Series A (RB) 5.00%, 08/15/30 (c)	$	720		$	807,385
Asante Health System Obligated Group, Hospital Facilities Authority of the City of Medford, Asante Projects, Series A (RB) (AGM) 5.00%, 08/15/30 (c)		700			782,764
City of Portland Oregon, Sewer System, Series A (RB) 3.00%, 09/01/30 (c)		2,350			2,175,687
Corvallis School District No. 509J, Series B (GO) (SBG) 5.00%, 06/15/28 (c)		1,285			1,433,037
Deschutes Public Library District (GO) 4.00%, 06/01/31 (c)		2,000			2,095,305
Hillsboro School District No. 1J (GO) (SBG)
4.00%, 06/15/30 (c)		870			906,050
5.00%, 06/15/27 (c)		1,000			1,105,876
5.00%, 06/15/27 (c)		590			649,803
Metro Oregon, Series A (GO) 5.00%, 06/01/30 (c)		1,045			1,214,397
Multnomah and Clackamas Counties School District No. 10JT (GO) (SBG)
0.00%, 06/15/27 (c) ^		1,215			847,940
0.00%, 06/15/27 (c) ^		1,010			672,126
Multnomah and Clackamas Counties School District No. 7J (GO) (SBG) 4.00%, 06/01/27 (c)		500			526,449
Multnomah County School District No. 1J, Series B (GO) (SBG) 3.00%, 06/15/30 (c)		1,280			1,251,676
Oregon State Facilities Authority, Samaritan Health Services Project, Series A (RB) 5.00%, 10/01/26 (c)		195			207,039
Oregon State Lottery, Department of Administrative Services, Series C (RB) 5.00%, 04/01/27 (c)		120			133,364
Portland Community College District (GO) 5.00%, 06/15/26 (c)		115			125,622
Salem-Keizer School District No. 24J (GO) (SBG)
4.00%, 06/15/28 (c)		740			769,352
4.00%, 06/15/30 (c)		2,000			2,079,306
5.00%, 06/15/28 (c)		545			613,321

	Par (000’s		)	Value
Oregon (continued)
Sherwood School District No. 88J, Series B (GO) (SBG) 5.00%, 06/15/27 (c)	$	125		$	138,486
State of Oregon Department of Transportation, Highway User Tax, Series A (RB)
5.00%, 11/15/29 (c)		1,650			1,870,741
5.00%, 11/15/30 (c)		1,000			1,141,306
State of Oregon Housing & Community Services Department (RB) (AGM) 3.55%, 07/01/27 (c)		245			243,375
State of Oregon, Department of Administrative Services, Lottery Revenue, Series A (RB) 5.00%, 04/01/27 (c)		690			764,828
State of Oregon, Higher Education, Series I (GO) 4.00%, 08/01/27 (c)		450			473,096
State of Oregon, Housing and Community Services Department, Series D (RB) 3.80%, 01/01/28 (c)		700			709,507
State of Oregon, Seismic Project and Article XI-Q, Series A (GO) 5.00%, 05/01/27 (c)		145			160,015
State of Oregon, Seismic Project and Article XI-Q, Series F (GO) 5.00%, 05/01/26 (c)		10			10,913
Tri-County Metropolitan Transportation District of Oregon (RB) 5.00%, 09/01/29 (c)		1,220			1,372,081
Tri-County Metropolitan Transportation District of Oregon, Series A (RB)
3.25%, 04/01/28 (c)		570			569,112
5.00%, 09/01/29 (c)		1,000			1,129,889
					26,979,848
Pennsylvania: 3.7%
Allegheny County Hospital Development Authority, Series A (RB)
5.00%, 04/01/28 (c)		1,120			1,223,149
5.00%, 04/01/28 (c)		1,000			1,101,597
5.00%, 07/15/28		290			322,616
5.00%, 07/15/29 (c)		360			402,195
5.00%, 07/15/29 (c)		810			899,204
Allegheny County Sanitary Authority, Sewer Revenue (RB) (AGM) 4.00%, 12/01/26 (c)		100			103,799
City of Philadelphia (GO) (AGM) 5.00%, 08/01/27 (c)		380			422,140

	Par (000’s		)	Value
Pennsylvania (continued)
City of Philadelphia, Gas Works, Series 14 (RB) 5.00%, 10/01/26 (c)	$	880		$	960,410
City of Philadelphia, Gas Works, Sixteenth Series A (RB) (AGM) 5.00%, 08/01/30 (c)		825			923,854
City of Philadelphia, Series A (GO)
5.00%, 08/01/27 (c)		750			823,167
5.00%, 08/01/27 (c)		100			108,944
5.00%, 08/01/27 (c)		750			824,696
City of Philadelphia, Series A (RB) 5.00%, 07/01/29		1,500			1,678,776
City of Philadelphia, Series A (RB) (AGC) 4.00%, 07/01/30 (c)		1,000			1,014,211
City of Philadelphia, Series B (GO)
5.00%, 08/01/29 (c)		300			340,015
5.00%, 08/01/29 (c)		100			111,815
5.00%, 08/01/29 (c)		1,500			1,671,143
Commonwealth Financing Authority, Series A (RB)
5.00%, 06/01/28		800			891,499
5.00%, 06/01/29		1,000			1,124,356
5.00%, 06/01/30 (c)		250			281,079
Commonwealth Financing Authority, Tobacco Master Settlement Payment (RB)
5.00%, 06/01/28 (c)		265			287,973
5.00%, 06/01/28 (c)		415			449,336
5.00%, 06/01/28 (c)		775			844,783
Commonwealth of Pennsylvania, First Series (GO)
3.00%, 01/01/27 (c)		510			483,028
3.00%, 05/01/30 (c)		900			799,045
4.00%, 01/01/27 (c)		600			623,052
4.00%, 05/15/31 (c)		2,000			2,107,693
Commonwealth of Pennsylvania, First Series (GO) (SBG) 5.00%, 07/15/28		1,300			1,461,862
Commonwealth of Pennsylvania, Second Series (GO)
3.00%, 09/15/26 (c)		1,055			951,866
4.00%, 09/15/26 (c)		170			173,744
5.00%, 01/15/27 (c)		430			473,171
5.00%, 09/15/26 (c)		400			436,411
Commonwealth of Pennsylvania, Second Series (GO) (AGM) 3.00%, 09/15/26 (c)		395			376,325
Dauphin County General Authority, Pinnacle Health System Project, Series A (RB) 4.00%, 06/01/26 (c)		20			20,385

	Par (000’s		)	Value
Pennsylvania (continued)
Geisinger Authority Health System, Series C (RB) 5.00%, 04/01/30 (c) (p)	$	2,000		$	2,239,614
Montgomery County Higher Education and Health Authority, Thomas Jefferson University, Series A (RB) 5.00%, 09/01/28 (c)		630			697,401
Montour County, Geisinger Health System, Series A-2 (RB) 5.00%, 02/15/27 (c)		1,990			2,158,232
Pennsylvania Economic Development Financing Authority, UPMC (RB)
4.00%, 09/15/26 (c)		100			100,713
4.00%, 09/15/26 (c)		215			216,844
5.00%, 09/15/26 (c)		385			419,549
Pennsylvania Economic Development Financing Authority, UPMC, Series A (RB)
3.38%, 11/15/27 (c)		1,000			1,001,883
4.00%, 11/15/27 (c)		205			207,255
Pennsylvania Higher Educational Facilities Authority, Commonwealth of Pennsylvania (RB) 5.00%, 05/01/26 (c)		125			132,528
Pennsylvania Higher Educational Facilities Authority, Commonwealth of Pennsylvania, Series AT-1 (RB) 4.00%, 06/15/26 (c)		775			799,989
Pennsylvania Higher Educational Facilities Authority, University of Pennsylvania Health System, Series A (RB)
3.12%, 08/15/27 (c)		150			147,678
5.00%, 08/15/27 (c)		270			298,701
5.00%, 08/15/27 (c)		275			305,088
5.00%, 08/15/27 (c)		1,000			1,111,489
Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 119 (RB) 3.20%, 04/01/25 (c)		425			418,610
Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 121 (RB) 2.80%, 10/01/25 (c)		700			664,356
Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 122 (RB) 3.65%, 04/01/26 (c)		525			515,282
Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 123B (RB) 3.45%, 10/01/26 (c)		1,620			1,603,549

	Par (000’s		)	Value
Pennsylvania (continued)
Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 124-B (RB) 3.20%, 10/01/26 (c)	$	300		$	290,479
Pennsylvania State University, Series B (RB) 5.00%, 09/01/26 (c)		20			21,816
Pennsylvania Turnpike Commission (RB)
5.00%, 12/01/25 (c)		430			465,285
5.00%, 12/01/26 (c)		110			121,508
5.00%, 12/01/27 (c)		300			328,287
5.00%, 12/01/27 (c)		250			276,537
5.00%, 12/01/28 (c)		895			1,011,089
5.00%, 06/01/31 (c)		700			795,707
Pennsylvania Turnpike Commission, Oil Franchise Tax Subordinate (RB) 5.00%, 12/01/26 (c)		875			964,155
Pennsylvania Turnpike Commission, Series A (RB)
5.00%, 12/01/26 (c)		310			340,323
5.00%, 12/01/26 (c)		15			16,225
5.00%, 12/01/26 (c)		750			823,022
5.00%, 12/01/29 (c)		500			558,165
Pennsylvania Turnpike Commission, Series A-2 (RB)
5.00%, 12/01/27 (c)		175			195,485
5.00%, 12/01/27 (c)		100			112,090
Pennsylvania Turnpike Commission, Series B (RB) (AGM) 5.00%, 06/01/27 (c)		510			563,196
Pennsylvania Turnpike Commission, Series B-1 (RB) 5.00%, 06/01/27 (c)		760			829,112
Pennsylvania Turnpike Commission, Series B-2 (RB) 5.00%, 06/01/27 (c)		205			223,441
Philadelphia Authority for Industrial Development, Children’s Hospital of Philadelphia Project (RB) 4.00%, 07/01/27 (c)		110			111,589
Philadelphia Authority for Industrial Development, Temple University, Second Series (RB) 5.00%, 04/01/25 (c)		10			10,627
Philadelphia Gas Works Co., Fourteenth Series (RB)
5.00%, 10/01/26 (c)		680			741,250
5.00%, 10/01/26 (c)		970			1,058,212
5.00%, 10/01/26 (c)		735			802,160
Pittsburgh Water and Sewer Authority, Series B (RB) (AGM)
5.00%, 09/01/31		1,460			1,672,288
5.00%, 09/01/32		2,000			2,311,592
5.00%, 09/01/33		2,000			2,330,861

	Par (000’s		)	Value
Pennsylvania (continued)
Reading School District of Berks County (GO) (AGM) 5.00%, 03/01/27 (c)	$	170		$	182,820
School District of Philadelphia, Series A (GO) (SAW)
5.00%, 09/01/28 (c)		450			497,532
5.00%, 09/01/28 (c)		660			727,424
5.00%, 09/01/28 (c)		250			277,056
School District of Philadelphia, Series F (GO) (SAW) 5.00%, 09/01/26 (c)		485			521,844
School District of the City of Erie (GO) (AGM) 5.00%, 04/01/29 (c)		220			244,441
Southeastern Pennsylvania Transportation Authority (RB) 5.00%, 06/01/27 (c)		845			937,363
Sports & Exhibition Authority, Regional Asset District Sales Tax (RB) (AGM) 5.00%, 08/01/29 (c)		1,000			1,117,473
State Public School Building Authority, School District of Philadelphia Project, Series A (RB) (AGM)
5.00%, 12/01/26 (c)		1,750			1,903,088
5.00%, 12/01/26 (c)		260			282,512
Westmoreland County Municipal Authority (RB) (BAM) 5.00%, 08/15/25 (c)		765			822,117
					62,244,271
Rhode Island: 0.2%
Rhode Island Commerce Corp., Department of Transportation, Series B (RB)
5.00%, 06/15/26 (c)		230			251,056
5.00%, 06/15/26 (c)		380			413,086
Rhode Island Health and Educational Building Corp., Pooled Issue, Series A (RB) 5.00%, 05/15/26 (c)		110			119,592
Rhode Island Housing and Mortgage Finance Corp., Series 73-A (RB) (AGM) 2.10%, 10/01/29 (c)		1,000			828,914
Rhode Island Housing and Mortgage Finance Corp., Series 75-A (RB) 2.05%, 04/01/30 (c)		1,000			812,049
State of Rhode Island and Providence Plantations, Series A (GO) 3.00%, 04/01/28 (c)		345			336,096
State of Rhode Island and Providence Plantations, Series B (GO) 5.00%, 08/01/27 (c)		250			277,594

	Par (000’s		)	Value
Rhode Island (continued)
State of Rhode Island and Providence Plantations, Series D (GO) 5.00%, 08/01/24 (c)	$	180		$	190,345
					3,228,732
South Carolina: 0.8%
Aiken County Consolidated School District, Series A (GO)
4.00%, 04/01/29 (c)		535			556,590
4.00%, 04/01/29 (c)		1,000			1,044,494
Beaufort County School District (GO) 3.00%, 03/01/31 (c)		2,000			1,967,093
County of York (GO) (SAW) 5.00%, 04/01/24 (c)		185			193,853
Lancaster County School District (GO)
3.25%, 03/01/27 (c)		325			327,896
4.00%, 03/01/27 (c)		1,000			1,055,953
Lexington County Health Services District, Inc. (RB) (AGM) 5.00%, 11/01/27 (c)		100			110,133
Piedmont Municipal Power Agency, Series B (RB) 5.00%, 01/01/31 (c)		1,000			1,141,293
South Carolina Public Service Authority, Series A (RB) (SAW) 5.00%, 12/01/30 (c)		3,000			3,408,795
South Carolina State, Clemson University, Series A (GO) (SAW) 4.00%, 10/01/27 (c)		1,000			1,058,723
South Carolina Transportation Infrastructure Bank, Series A (RB) 5.00%, 10/01/28 (c)		100			111,599
South Carolina Transportation Infrastructure Bank, Series B (RB) 5.00%, 10/01/29		1,000			1,143,220
York County, South Carolina Fort Mill School District No. 4, Series B (GO)
3.00%, 03/01/27 (c)		325			319,653
3.00%, 03/01/27 (c)		500			487,625
					12,926,920
South Dakota: 0.1%
South Dakota Health and Educational Facilities Authority (RB)
4.00%, 09/01/27 (c)		1,075			1,084,801
5.00%, 09/01/27 (c)		100			109,040
5.00%, 09/01/27 (c)		255			278,577
South Dakota Housing Development Authority (RB) 3.70%, 11/01/26 (c)		245			245,948
					1,718,366

	Par (000’s		)	Value
Tennessee: 1.4%
Chattanooga Health, Educational and Housing Facility Board, Series A-1 (RB) 5.00%, 08/01/28	$	250		$	274,680
City of Memphis (GO) 5.00%, 05/01/31 (c)		1,105			1,287,157
County of Hamilton, Series A (GO) 5.00%, 04/01/28		500			566,213
Greeneville Health and Educational Facilities Board, Ballad Health, Series A (RB)
5.00%, 07/01/23 (c)		810			826,753
5.00%, 07/01/23 (c)		915			934,450
5.00%, 07/01/23 (c)		550			562,008
5.00%, 07/01/28 (c)		525			577,790
Memphis-Shelby County Industrial Development Board (RB) 5.00%, 11/01/26 (c)		150			164,172
Metropolitan Government of Nashville and Davidson County (GO)
4.00%, 07/01/26 (c)		580			602,632
4.00%, 07/01/26 (c)		545			568,124
4.00%, 07/01/27 (c)		590			625,951
4.00%, 07/01/27 (c)		275			286,188
5.00%, 07/01/26 (c)		235			255,077
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			139,778
New Memphis Arena Public Building Authority (RB) 0.00%, 04/01/31 (c) ^		2,625			1,394,429
Shelby County, Public Improvement, Series B (GO)
4.00%, 04/01/30 (c)		1,000			1,055,125
4.00%, 04/01/30 (c)		1,000			1,050,147
4.00%, 04/01/30 (c)		3,000			3,191,724
Shelby County, Tennessee Health, Educational and Housing Facility Board, Methodist Le Bonheur Healthcare, Series A (RB) 5.00%, 05/01/27 (c)		200			217,112
Tennergy Corporation Gas Supply Revenue Bonds Series A (RB) 4.00%, 09/01/28 (c) (p)		2,000			2,034,297
Tennessee Energy Acquisition Corp., Commodity Project, Series A (RB) 5.00%, 11/01/31 (c) (p)		4,000			4,352,927

	Par
	(000’s		)	Value
Tennessee (continued)
Tennessee Housing Development Agency, Series 2 (RB) 3.50%, 07/01/27 (c)	$	295		$	293,857
Tennessee Housing Development Agency, Series 2B (RB) 3.70%, 07/01/26 (c)		95			95,336
Tennessee State School Bond Authority, Higher Education Facilities Second Program, Series A (RB)
5.00%, 11/01/27 (c)		750			830,370
5.00%, 11/01/27 (c)		285			312,767
5.00%, 11/01/27 (c)		395			432,505
					22,931,569
Texas: 8.5%
Aldine Independent School District, Series A (GO)
4.00%, 02/15/27 (c)		910			951,706
4.00%, 02/15/27 (c)		675			705,629
5.00%, 02/15/25 (c)		140			149,216
5.00%, 02/15/27 (c)		700			773,273
Arlington Independent School District (GO)
4.00%, 02/15/29 (c)		1,000			1,060,761
4.00%, 02/15/29 (c)		500			529,753
Austin Independent School District (GO)
4.00%, 08/01/26 (c)		100			104,300
4.00%, 08/01/26 (c)		500			520,891
Bexar County Hospital District (GO)
4.00%, 02/15/26 (c)		115			119,112
4.00%, 02/15/26 (c)		250			257,764
5.00%, 02/15/26 (c)		1,315			1,422,918
Board of Regents of the University of Texas System, Series A (RB)
3.00%, 05/15/31 (c)		1,000			898,976
5.00%, 08/15/30		2,500			2,907,973
Board of Regents of the University of Texas System, Series A (RB) (AGM) 5.00%, 08/15/29 (c)		850			969,750
Board of Regents of the University of Texas System, Series B (RB)
5.00%, 07/01/26 (c)		125			137,220
5.00%, 08/15/29		830			953,315
Board of Regents of the University of Texas System, Series D (RB) 5.00%, 08/15/25		200			215,652
Board of Regents of the University of Texas System, Series J (RB)
5.00%, 08/15/25		215			231,827
5.00%, 08/15/26 (c)		25			27,494

	Par
	(000’s		)	Value
Texas (continued)
Central Texas Regional Mobility Authority, Series B (RB) 5.00%, 01/01/31 (c)	$	930		$	1,030,131
City of Arlington, Senior Lien Special Tax (ST) (AGM)
5.00%, 02/15/25 (c)		305			323,979
5.00%, 02/15/25 (c)		150			159,666
City of Austin, Airport System, Series A (RB) 5.00%, 11/15/26 (c)		100			108,882
City of Austin, Public Improvement (GO) 5.00%, 09/01/25 (c)		15			16,168
City of Austin, Texas Electric Utility System, Series A (RB) 5.00%, 11/15/30		615			712,868
City of Austin, Water and Wastewater System (RB)
5.00%, 11/15/26 (c)		995			1,091,105
5.00%, 11/15/26 (c)		360			395,094
5.00%, 11/15/27 (c)		235			262,863
City of Dallas, Series A (GO)
3.00%, 02/15/29 (c)		600			551,925
5.00%, 02/15/30		2,600			2,967,364
City of Dallas, Series B (GO)
3.00%, 02/15/29 (c)		415			382,273
4.00%, 02/15/29 (c)		500			523,496
City of Dallas, Waterworks and Sewer System, Series A (RB)
5.00%, 10/01/26 (c)		565			622,796
5.00%, 10/01/26 (c)		600			660,586
5.00%, 10/01/26 (c)		900			992,461
City of Dallas, Waterworks and Sewer System, Series C (RB)
5.00%, 10/01/30 (c)		1,000			1,136,531
5.00%, 10/01/30 (c)		1,000			1,142,517
City of Denton, Utility System (RB)
5.00%, 12/01/26 (c)		1,000			1,083,020
5.00%, 12/01/26 (c)		965			1,048,986
City of El Paso (GO)
4.00%, 08/15/26 (c)		110			114,221
4.00%, 08/15/26 (c)		100			103,960
5.00%, 08/15/25 (c)		125			134,578
City of Houston, Airport System, Series B (RB) 5.00%, 07/01/28 (c)		235			260,220
City of Houston, Airport System, Series D (RB)
5.00%, 07/01/28 (c)		1,000			1,088,492
5.00%, 07/01/28 (c)		125			137,629
City of Houston, Combined Utility System, First Lien, Series A (RB) 5.00%, 11/15/30 (c)		4,500			5,174,103
City of Houston, Combined Utility System, First Lien, Series B (RB) 5.00%, 11/15/26 (c)		105			114,813

	Par
	(000’s		)	Value
Texas (continued)
City of Houston, Combined Utility System, First Lien, Series C (RB) 4.00%, 11/15/30 (c)	$	1,500		$	1,577,257
City of Houston, Combined Utility System, First Lien, Series D (RB)
5.00%, 11/15/28 (c)		750			839,094
5.00%, 11/15/28 (c)		1,000			1,121,171
City of Houston, Public Improvement, Series A (GO)
4.00%, 03/01/27 (c)		2,000			2,066,763
5.00%, 03/01/27 (c)		1,000			1,100,725
5.00%, 03/01/29 (c)		1,215			1,377,106
5.00%, 03/01/29 (c)		1,000			1,126,589
City of Houston, Series A (GO)
5.00%, 03/01/26 (c)		180			194,178
5.00%, 03/01/26 (c)		515			556,342
5.00%, 03/01/27 (c)		520			569,175
5.00%, 03/01/27 (c)		500			547,992
City of Lubbock (GO) 5.00%, 02/15/25 (c)		105			112,029
City of San Antonio (GO) 5.00%, 08/01/28 (c)		205			231,014
City of San Antonio, Electric and Gas Systems (RB)
4.00%, 02/01/30		1,000			1,069,219
5.00%, 08/01/26 (c)		125			136,322
5.00%, 08/01/26 (c)		110			119,457
5.00%, 08/01/27 (c)		100			110,011
5.00%, 08/01/27 (c)		1,000			1,101,128
City of San Antonio, General Improvement (GO) 5.00%, 08/01/29 (c)		325			372,654
Collin County Community College District (GO)
3.25%, 08/15/27 (c)		500			491,073
4.00%, 08/15/27 (c)		925			968,494
Colorado River Municipal Water District (RB) 5.00%, 01/01/28		190			211,630
Conroe Independent School District (GO)
5.00%, 02/15/27 (c)		665			733,037
5.00%, 02/15/28 (c)		100			111,501
Corpus Christi Independent School District (GO) 4.00%, 08/15/28 (c)		320			338,879
County of Bexar (GO)
4.00%, 06/15/25 (c)		150			157,198
5.00%, 06/15/26 (c)		290			318,955
County of Dallas, Texas Combination Tax and Parking Garage (GO)
5.00%, 08/15/26 (c)		250			275,155
5.00%, 08/15/26 (c)		260			287,052
County of Denton, Series A (GO) 4.00%, 07/15/28 (c)		750			803,924

	Par
	(000’s		)	Value
Texas (continued)
County of Fort Bend, Series B (GO)
4.00%, 03/01/26 (c)	$	500		$	521,363
5.00%, 03/01/26 (c)		20			21,803
County of Harris, Toll Road, Senior Lien, Series A (RB)
5.00%, 08/15/26 (c)		695			760,787
5.00%, 08/15/26 (c)		195			214,288
5.00%, 08/15/26		115			126,572
5.00%, 08/15/26 (c)		190			208,308
5.00%, 08/15/26 (c)		160			175,077
5.00%, 08/15/26 (c)		670			732,284
5.00%, 08/15/26 (c)		675			737,177
County of Harris, Unlimited Tax Road, Series A (GO)
5.00%, 10/01/25 (c)		645			693,534
5.00%, 10/01/25 (c)		395			425,525
Cypress-Fairbanks Independent School District (GO)
3.00%, 02/15/26 (c)		360			359,642
4.00%, 02/15/30 (c)		1,275			1,330,819
4.00%, 02/15/31 (c)		1,500			1,579,342
5.00%, 02/15/26 (c)		125			135,775
5.00%, 02/15/28		250			281,295
Cypress-Fairbanks Independent School District, Series A (GO)
3.00%, 02/15/31 (c)		500			480,730
5.00%, 02/15/29 (c)		1,805			2,055,209
Dallas Area Rapid Transit, Senior Lien (RB) 5.00%, 12/01/29 (c)		1,835			2,101,042
Dallas Area Rapid Transit, Senior Lien, Series A (RB)
5.00%, 12/01/25 (c)		165			178,952
5.00%, 12/01/25 (c)		130			140,992
Dallas County Hospital District (GO) 5.00%, 08/15/28		575			649,441
Dallas Independent School District (GO) 4.00%, 02/15/30 (c)		1,000			1,074,266
Eagle Mountain and Saginaw Independent School District (GO)
4.00%, 02/15/26 (c)		335			347,587
4.00%, 08/15/30 (c)		1,150			1,222,368
5.00%, 02/15/26 (c)		10			10,828
El Paso County Hospital District (GO) 4.00%, 08/15/27 (c)		250			255,394
El Paso Independent School District (GO) 5.00%, 08/15/24 (c)		115			121,642
Fort Bend Independent School District (GO)
4.00%, 08/15/27 (c)		635			669,941
5.00%, 08/15/27 (c)		100			111,514
5.00%, 08/15/27 (c)		255			283,695

	Par
	(000’s		)	Value
Texas (continued)
Fort Bend Independent School District, Series E (GO) 5.00%, 02/15/26	$	110		$	119,730
Fort Worth Independent School District (GO) 5.00%, 02/15/26 (c)		500			543,852
Frisco Independent School District (GO)
4.00%, 02/15/27 (c)		500			523,370
4.00%, 02/15/27 (c)		880			923,941
4.00%, 08/15/30 (c)		1,345			1,429,859
4.00%, 08/15/30 (c)		1,350			1,451,565
5.00%, 02/15/29 (c)		2,000			2,263,751
Garland Independent School District (GO)
4.00%, 02/15/25 (c)		165			170,019
5.00%, 02/15/25 (c)		120			127,900
Grand Parkway Transportation Corp., Series A (RB) 5.00%, 04/01/28 (c)		200			222,584
Grapevine-Colleyville Independent School District (GO) 5.00%, 08/15/25 (c)		250			269,566
Harris County Flood Control District, Series A (GO) 5.00%, 10/01/25 (c)		480			516,768
Harris County, Cultural Education Facilities Finance Corp., TECO Project (RB)
4.00%, 11/15/27 (c)		950			994,643
5.00%, 11/15/27 (c)		850			950,320
5.00%, 11/15/27 (c)		300			336,554
Harris County, Cultural Education Facilities Finance Corp., Texas Children’s Hospital, Series A (RB) 5.00%, 10/01/29		330			375,844
Harris County, Flood Control District, Series A (GO) 5.00%, 10/01/25 (c)		275			296,252
Harris County, Flood Control District, Series A (RB)
5.00%, 10/01/27 (c)		210			231,936
5.00%, 10/01/27 (c)		250			277,834
Harris County, Flood Control District, Series B (GO) 5.00%, 10/01/25 (c)		400			430,911
Harris County, Toll Road, First Lien (RB) 4.00%, 08/15/30 (c)		1,100			1,139,943
Harris County, Toll Road, Senior Lien, Series A (RB) 5.00%, 02/15/28 (c)		260			289,719
Hays Consolidated Independent School District (GO)
4.00%, 02/15/27 (c)		800			836,301
4.00%, 02/15/27 (c)		500			522,916

	Par
	(000’s		)	Value
Texas (continued)
Houston Independent School District, Limited Tax School House (GO)
5.00%, 02/15/27 (c)	$	540		$	592,451
5.00%, 02/15/27 (c)		750			827,796
Houston Independent School District, Maintenance Tax Notes (GO) 5.00%, 07/15/28 (c)		605			679,124
Humble Independent School District, Series C (GO) 4.00%, 02/15/26 (c)		210			217,967
Katy Independent School District, Fort Bend, Harris and Waller Counties, Series D (GO) 5.00%, 02/15/27 (c)		120			131,938
Lamar Consolidated Indecent School District, Unlimited Tax, Series A (GO) 5.00%, 02/15/25 (c)		100			106,500
Lewisville Independent School District, Series A (GO) 4.00%, 08/15/25 (c)		400			418,517
Lewisville Independent School District, Series B (GO)
5.00%, 08/15/25 (c)		550			592,504
5.00%, 08/15/25 (c)		145			156,824
Lone Star College System (GO) 5.00%, 02/15/26 (c)		400			431,630
Lower Colorado River Authority (RB) 5.00%, 05/15/30		1,000			1,137,419
Lower Colorado River Authority, LCRA Transmission Services Corp. Project (RB)
5.00%, 05/15/26 (c)		275			298,651
5.00%, 05/15/30 (c)		1,250			1,385,765
Metropolitan Transit Authority of Harris County, Series A (RB) 5.00%, 11/01/26 (c)		90			99,758
Montgomery Independent School District (GO) 5.00%, 02/15/25 (c)		100			106,583
New Hope Cultural Education Facilities Finance Corp., Children’s Health System, Series A (RB) (AGC) 4.00%, 08/15/27 (c)		250			254,136
New Hope Cultural Education Facilities Finance Corp., Children’s Health System, Series A (RB) (NATL) 5.00%, 08/15/27 (c)		250			276,834
North Harris County Regional Water Authority (RB)
5.00%, 12/15/26 (c)		250			273,599
5.00%, 12/15/26 (c)		245			270,136

	Par
	(000’s		)	Value
Texas (continued)
5.00%, 12/15/26 (c)	$	205		$	225,377
North Texas Municipal Water District, Water System (RB)
5.00%, 09/01/26 (c)		715			778,995
5.00%, 09/01/26 (c)		400			438,367
5.00%, 09/01/26 (c)		45			49,258
5.00%, 09/01/26 (c)		500			546,673
North Texas Tollway Authority System, Series B (RB)
4.00%, 01/01/31 (c)		2,250			2,317,117
4.00%, 01/01/31 (c)		1,975			2,082,112
4.00%, 01/01/31 (c)		2,000			2,076,063
North Texas Tollway Authority, First Tier, Series A (RB)
5.00%, 01/01/23 (c)		1,000			1,016,133
5.00%, 01/01/26 (c)		425			454,751
5.00%, 01/01/26 (c)		635			679,452
5.00%, 01/01/26 (c)		575			614,015
5.00%, 01/01/26 (c)		460			493,193
5.00%, 01/01/26 (c)		295			316,286
5.00%, 01/01/26 (c)		500			532,318
North Texas Tollway Authority, Second Tier, Series B (RB)
5.00%, 01/01/26 (c)		185			199,083
5.00%, 01/01/26 (c)		875			937,509
North Texas Tollway Authority, Second Tier, Series B (RB) (AGM) 4.00%, 01/01/27 (c)		450			466,497
Northside Independent School District (GO) 5.00%, 08/15/27 (c)		880			977,653
Northwest Independent School District (GO) 5.00%, 02/15/25 (c)		105			112,087
Northwest Independent School District, Series A (GO) 4.00%, 08/15/28 (c)		545			574,458
Plano Independent School District, Series A (GO) 5.00%, 02/15/26 (c)		100			108,846
Port of Houston Authority of Harris County, Series A-2 (GO) 5.00%, 10/01/30 (c)		740			853,003
San Antonio Independent School District (GO) 4.00%, 08/15/28 (c)		500			528,049
San Antonio Water System, Junior Lien, Series A (RB)
5.00%, 05/15/28 (c)		500			558,123
5.00%, 05/15/30 (c)		500			576,036
Socorro Independent School District, Series B (GO)
4.00%, 08/15/27 (c)		225			236,253
5.00%, 08/15/27 (c)		780			869,401
5.00%, 08/15/27 (c)		800			889,191
Spring Independent School District (GO) 5.00%, 08/15/25 (c)		45			48,374

	Par
	(000’s		)	Value
Texas (continued)
State of Texas, Finance Authority (GO) 5.00%, 10/01/26	$	15		$	16,541
State of Texas, Finance Authority, Series A (GO) 5.00%, 10/01/27 (c)		130			143,991
State of Texas, Transportation Commission, Highway Improvement (GO)
5.00%, 04/01/26 (c)		125			134,937
5.00%, 04/01/26 (c)		70			75,484
State of Texas, Transportation Commission, Highway Improvement, Series A (GO)
5.00%, 04/01/26 (c)		500			540,712
5.00%, 04/01/26 (c)		400			431,800
State of Texas, Transportation Commission, Mobility Fund, Series A (GO) 5.00%, 10/01/27 (c)		150			165,116
State of Texas, Transportation Commission, Mobility Fund, Series B (GO)
5.00%, 10/01/27 (c)		465			513,082
5.00%, 10/01/27 (c)		240			264,186
Tarrant County Cultural Education Facilities Finance Corp. (RB) 5.00%, 05/15/26 (c)		80			86,944
Tarrant County Cultural Education Facilities Finance Corp., Christus Health, Series A (RB) 5.00%, 07/01/28		140			156,341
Tarrant Regional Water District, Texas Water Transmission Facility, Series A (RB) 2.00%, 03/01/30 (c)		820			712,455
Texas A&M University, Series D (RB)
4.00%, 05/15/26 (c)		110			116,582
4.00%, 05/15/26 (c)		10			10,512
Texas A&M University, Series E (RB) 5.00%, 05/15/27 (c)		100			110,599
Texas Municipal Gas Acquisition & Supply Corp. III (RB)
5.00%, 12/15/29		2,250			2,418,644
5.00%, 12/15/31		1,475			1,597,423
5.00%, 12/15/32		1,000			1,087,225
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			1,408,728
4.00%, 12/31/30 (c)		1,150			1,162,486

	Par
	(000’s		)	Value
Texas (continued)
Texas State University System, Board of Regents, Series A (RB)
5.00%, 03/15/25 (c)	$	160		$	170,995
5.00%, 03/15/27 (c)		100			110,234
Texas State University System, Board of Regents, Series A (RB) (FHA) 4.00%, 03/15/29 (c)		650			673,677
Texas Water Development Board (RB)
3.00%, 10/15/30 (c)		500			485,481
3.00%, 10/15/30 (c)		950			888,445
3.00%, 10/15/30 (c)		750			708,255
3.00%, 10/15/30 (c)		500			463,371
4.00%, 10/15/30 (c)		2,000			2,150,008
5.00%, 10/15/26 (c)		600			660,772
5.00%, 08/01/27 (c)		1,000			1,107,284
Texas Water Development Board, Series A (RB)
4.00%, 10/15/25 (c)		45			46,437
4.00%, 10/15/27 (c)		2,000			2,083,173
4.00%, 10/15/27 (c)		400			418,062
4.00%, 04/15/28 (c)		600			633,287
4.00%, 04/15/28 (c)		180			188,602
5.00%, 10/15/25 (c)		165			179,189
5.00%, 10/15/27 (c)		200			221,849
5.00%, 10/15/27 (c)		250			277,978
Texas Water Development Board, Series B (RB)
4.00%, 10/15/28 (c)		1,000			1,055,473
4.00%, 10/15/28 (c)		120			125,192
5.00%, 10/15/28 (c)		1,000			1,131,593
Trinity River Authority, Regional Wastewater System (RB)
5.00%, 08/01/27 (c)		670			746,032
5.00%, 08/01/27 (c)		285			316,605
University of North Texas, Series A (RB)
5.00%, 04/15/27 (c)		75			82,332
5.00%, 04/15/27 (c)		445			489,656
5.00%, 04/15/27 (c)		140			152,634
Via Metropolitan Transit Authority, Sales Tax (RB) 5.00%, 01/15/27 (c)		135			147,680
					143,237,540
Utah: 0.3%
Central Utah Water Conservancy District (RB) 4.00%, 10/01/27 (c)		395			416,613
State of Utah (GO)
5.00%, 01/01/29 (c)		250			285,007
5.00%, 07/01/28		500			570,160
State of Utah, Series B (GO)
5.00%, 01/01/29 (c)		1,275			1,462,796
5.00%, 07/01/28		750			855,241
University of Utah, Series A (RB) 5.00%, 08/01/27 (c)		365			402,158

	Par
	(000’s		)	Value
Utah (continued)
Utah Transit Authority, Subordinated Sales Tax (RB)
0.00%, 06/15/26 (c) ^	$	130		$	90,659
3.00%, 06/15/26 (c)		865			873,360
4.00%, 06/15/26 (c)		850			888,105
					5,844,099
Virginia: 2.1%
Arlington County, Public Improvement, Series A (GO) (SAW) 5.00%, 08/01/28		2,400			2,735,855
City of Richmond, Public Utility, Series A (RB) 5.00%, 01/15/26 (c)		1,520			1,643,448
County of Arlington (GO)
4.00%, 06/15/29 (c)		1,990			2,105,035
5.00%, 08/15/27 (c)		1,130			1,260,107
County of Fairfax, Public Improvement, Series A (GO) 2.00%, 04/01/31 (c)		375			318,387
County of Fairfax, Public Improvement, Series A (GO) (SAW)
5.00%, 04/01/28 (c)		750			839,398
5.00%, 04/01/29 (c)		1,755			1,989,272
Fairfax County Water Authority (RB) 4.00%, 04/01/27 (c)		550			580,565
Loudoun County Economic Development Authority, Loudon County Public Facilities Project, Series A (RB) 3.00%, 12/01/29 (c)		1,500			1,449,399
Loudoun County, Series A (GO) (SAW) 5.00%, 12/01/29 (c)		750			869,019
Virginia Beach Development Authority, Series A (RB) 3.00%, 04/15/30 (c)		1,000			957,174
Virginia Beach Development Authority, Series A (RB) (AGM) 3.00%, 04/15/30 (c)		1,000			954,206
Virginia College Building Authority, 21st Century College and Equipment Programs Educational Facilities, Series A (RB)
3.00%, 02/01/31 (c)		2,750			2,499,786
4.00%, 02/01/30 (c)		1,500			1,551,638
5.00%, 02/01/26 (c)		110			119,930
5.00%, 02/01/26		130			141,396
5.00%, 02/01/30 (c)		1,950			2,218,841
Virginia College Building Authority, 21st Century College and Equipment Programs Educational Facilities, Series C (RB) 3.00%, 02/01/27 (c)		110			109,104

	Par
	(000’s		)	Value
Virginia (continued)
Virginia College Building Authority, 21st Century College and Equipment Programs Educational Facilities, Series E (RB)
5.00%, 02/01/28 (c)	$	450		$	501,838
5.00%, 02/01/28 (c)		120			134,549
5.00%, 02/01/28 (c)		880			983,941
Virginia College Building Authority, Educational Facilities, Public Higher Education Financing Program, Series A (RB)
3.00%, 09/01/27 (c)		775			758,243
5.00%, 09/01/26 (c)		20			21,996
5.00%, 09/01/26 (c)		30			32,993
Virginia Commonwealth Transportation Board (RB)
5.00%, 05/15/26 (c)		100			109,722
5.00%, 05/15/27 (c)		400			442,446
5.00%, 09/15/26 (c)		20			21,985
Virginia Commonwealth Transportation Board, Series A (RB)
4.00%, 11/15/27 (c)		180			186,140
5.00%, 11/15/27 (c)		800			881,871
5.00%, 11/15/27 (c)		120			132,474
Virginia Public Building Authority, Series A (RB)
3.00%, 08/01/26 (c)		695			691,815
3.00%, 08/01/28 (c)		400			389,120
3.12%, 08/01/28 (c)		1,050			1,035,550
4.00%, 08/01/27 (c)		250			262,211
5.00%, 08/01/28 (c)		700			791,793
5.00%, 08/01/28		870			980,507
5.00%, 08/01/30 (c)		1,000			1,148,142
5.00%, 08/01/30 (c)		1,000			1,142,684
Virginia Public Building Authority, Series A-2 (RB) 4.00%, 08/01/31 (c)		1,000			1,039,921
Virginia Public School Authority (RB) (SAW)
5.00%, 08/01/26 (c)		750			822,666
5.00%, 08/01/26 (c)		30			32,818
Virginia Public School Authority, Series A (RB) (SAW) 5.00%, 08/01/25 (c)		365			392,670
					35,280,655
Washington: 3.4%
Central Puget Sound Regional Transit Authority, Sales Tax and Motor Vehicle Excise Tax, Series S-1 (RB) 5.00%, 11/01/31 (c)		2,000			2,330,802
Central Puget Sound Regional Transit Authority, Series S-1 (RB)
5.00%, 11/01/25 (c)		110			119,301
5.00%, 11/01/26 (c)		110			121,532

	Par
	(000’s		)	Value
Washington (continued)
City of Seattle, Drainage and Wastewater System (RB) 4.00%, 07/01/27 (c)	$	500		$	524,719
City of Seattle, Municipal Light and Power Improvement, Series A (RB)
4.00%, 01/01/28 (c)		915			956,455
4.00%, 07/01/31 (c)		1,000			1,045,986
City of Seattle, Water System Improvement (RB)
4.00%, 02/01/27 (c)		115			120,920
5.00%, 08/01/26		20			22,005
County of King (GO) 5.00%, 01/01/29 (c)		750			842,964
Energy Northwest, Colombia Generating Station Electric, Series A (RB)
5.00%, 07/01/26 (c)		185			202,244
5.00%, 07/01/27 (c)		400			441,406
5.00%, 07/01/28 (c)		125			140,012
5.00%, 07/01/30 (c)		1,500			1,722,786
Energy Northwest, Colombia Generating Station Electric, Series A (RB) (AGM)
5.00%, 07/01/29 (c)		1,000			1,118,054
5.00%, 07/01/29 (c)		500			557,659
5.00%, 07/01/30 (c)		1,415			1,597,118
Energy Northwest, Project 1 Electric, Series A (RB) 5.00%, 07/01/27 (c)		655			728,123
Energy Northwest, Project 3 Electric, Series A (RB)
5.00%, 07/01/26 (c)		130			142,278
5.00%, 07/01/27 (c)		725			805,938
Energy Northwest, Project 3 Electric, Series C (RB) 5.00%, 07/01/28		270			304,927
Energy Northwest, Project 3 Electric, Series C (RB) (AGM) 5.00%, 07/01/30 (c)		1,000			1,133,784
Grant and Douglas Counties School District No. 144-101 (GO) (SBG) 4.00%, 06/01/26 (c)		125			130,566
King County School District No. 210 (GO) (SBG) 4.00%, 12/01/27 (c)		880			932,146
King County School District No. 401 (GO) (SBG)
3.12%, 12/01/26 (c)		690			683,991
5.00%, 12/01/26 (c)		700			771,006
King County School District No. 405 (GO) (SBG) 5.00%, 12/01/26 (c)		515			568,176
King County School District No. 411 (GO) (SBG) 4.00%, 06/01/26 (c)		635			663,274

	Par
	(000’s		)	Value
Washington (continued)
King County School District No. 414 (GO) (SBG) 5.00%, 06/01/27 (c)	$	835		$	923,345
King County, Washington Limited Tax (GO) 4.00%, 07/01/27 (c)		840			893,116
King County, Washington Limited Tax, Series A (GO) 5.00%, 01/01/25 (c)		245			261,223
King County, Washington Limited Tax, Series E (GO) 5.00%, 12/01/25 (c)		500			541,920
Kitsap County School District No. 401 (GO) (SBG)
4.00%, 06/01/26 (c)		250			260,739
4.00%, 06/01/26 (c)		15			15,780
Pasco School District No. 1, Franklin County (GO) (SBG) 5.00%, 12/01/27 (c)		845			946,700
Pierce County School District No. 403 (GO) (SBG)
5.00%, 06/01/29 (c)		500			569,737
5.00%, 06/01/29 (c)		200			226,790
Pierce County School District No. 416 (GO) (SBG) 4.00%, 06/01/26 (c)		175			183,205
Port of Seattle, Intermediate Lien (RB)
5.00%, 02/01/26 (c)		130			141,008
5.00%, 02/01/26 (c)		30			32,473
Port of Tacoma, Series A (GO) 5.00%, 12/01/26 (c)		110			121,058
Puyallup School District No. 3 (GO) (SBG)
5.00%, 06/01/27 (c)		100			110,931
5.00%, 06/01/27 (c)		970			1,073,113
State of Washington, Motor Vehicle Fuel Tax, Series R-A (GO) 5.00%, 08/01/26 (c)		825			897,998
State of Washington, Motor Vehicle Fuel Tax, Series R-A (GO) (SBG) 5.00%, 06/01/30 (c)		1,000			1,155,832
State of Washington, Motor Vehicle Fuel Tax, Series R-B (GO) 5.00%, 08/01/26 (c)		135			147,171
State of Washington, Series A (GO)
5.00%, 08/01/26 (c)		755			819,912
5.00%, 08/01/26 (c)		115			124,792
State of Washington, Series C (GO)
5.00%, 02/01/25 (c)		175			186,668
5.00%, 02/01/28 (c)		170			190,559
5.00%, 08/01/27 (c)		880			973,505

	Par
	(000’s		)	Value
Washington (continued)
State of Washington, Series D (GO)
5.00%, 02/01/27 (c)	$	100		$	109,604
5.00%, 08/01/27 (c)		880			974,863
State of Washington, Series E (GO)
5.00%, 06/01/31 (c)		750			869,218
5.00%, 06/01/31 (c)		1,000			1,157,137
State of Washington, Various Purpose, Series A (GO)
5.00%, 08/01/26 (c)		580			633,752
5.00%, 08/01/26 (c)		495			538,799
5.00%, 08/01/26 (c)		245			267,089
5.00%, 08/01/26 (c)		200			218,031
5.00%, 08/01/27 (c)		500			553,128
5.00%, 08/01/27 (c)		500			552,100
State of Washington, Various Purpose, Series C (GO) 5.00%, 02/01/31 (c)		1,000			1,146,843
State of Washington, Various Purpose, Series R-A (GO) 5.00%, 08/01/26 (c)		25			27,149
State of Washington, Various Purpose, Series R-B (GO)
5.00%, 01/01/26 (c)		105			113,678
5.00%, 08/01/26 (c)		145			158,743
State of Washington, Various Purpose, Series R-C (GO)
5.00%, 01/01/25 (c)		360			382,305
5.00%, 08/01/27 (c)		1,000			1,112,445
5.00%, 08/01/27 (c)		420			465,276
5.00%, 08/01/27 (c)		880			971,697
State of Washington, Various Purpose, Series R-D (GO) 5.00%, 08/01/27 (c)		1,320			1,465,017
University of Washington, Series C (RB) (AGC) 5.00%, 04/01/30		1,250			1,439,988
Washington Health Care Facilities Authority, Multicare Health System, Series B (RB) 5.00%, 02/15/28 (c)		2,000			2,188,512
Washington Health Care Facilities Authority, Providence St. Joseph Health, Series A (RB) 4.00%, 10/01/22 (c)		1,820			1,823,591
Washington Health Care Facilities Authority, Providence St. Joseph Health, Series B (RB)
4.00%, 10/01/30 (p)		1,000			1,052,034
5.00%, 10/01/28 (c)		225			246,598
5.00%, 10/01/28 (c)		250			276,400
Washington Health Care Facilities Authority, Providence St. Joseph Health, Series B (RB) (ACA) 5.00%, 10/01/28		645			720,158

	Par
	(000’s		)	Value
Washington (continued)
Washington Health Care Facilities Authority, Virginia Mason Medical Center (RB) 5.00%, 08/15/27 (c)	$	760		$	809,535
Washington State Housing Finance Commission, Series A (RB) 3.50%, 12/20/35		1,708			1,559,280
Washington State, Motor vehicle Fuel Tax, Series A (GO) 5.00%, 06/01/30 (c)		1,050			1,196,096
Washington State, Shoreline School District No. 412 (GO) (SBG) 4.00%, 12/01/28 (c)		1,000			1,059,083
Washington State, Various Purpose, Series A (GO)
5.00%, 08/01/30 (c)		1,000			1,134,479
5.00%, 08/01/31 (c)		1,250			1,438,398
5.00%, 08/01/31 (c)		1,500			1,722,858
					57,909,631
West Virginia: 0.4%
State of West Virginia, Commissioner of Highways, Surface Transportation Improvements, Series A (RB) 5.00%, 09/01/27 (c)		270			300,714
State of West Virginia, Series A (GO)
5.00%, 06/01/29 (c)		500			561,510
5.00%, 06/01/29 (c)		1,000			1,130,582
State of West Virginia, Series B (GO)
5.00%, 06/01/28 (c)		200			222,575
5.00%, 06/01/28 (c)		675			753,254
West Virginia Hospital Finance Authority, West Virginia University Health System, Series A (RB) 5.00%, 06/01/26 (c)		240			259,289
West Virginia, Parkways Authority, Senior Lien Turnpike Toll (RB)
5.00%, 06/01/31 (c)		1,000			1,160,145
5.00%, 06/01/31 (c)		1,500			1,742,271
					6,130,340
Wisconsin: 1.4%
City of Madison, Series A (GO) 2.00%, 10/01/27 (c)		1,000			908,883
City of Milwaukee, Series N4 (GO)
5.00%, 04/01/26		200			216,131
5.00%, 04/01/27		100			109,780
5.00%, 04/01/28		1,500			1,668,190
Middleton-Cross Plains Area School District, Series A (GO) 3.25%, 03/01/27 (c)		350			349,620

	Par
	(000’s		)	Value
Wisconsin (continued)
Public Finance Authority, KU Campus Development Corp., Central District Development Project (RB)
5.00%, 03/01/26 (c)	$	180		$	193,230
5.00%, 03/01/26 (c)		165			177,004
Public Finance Authority, Providence St. Joseph Health, Series C (RB) 4.00%, 10/01/30 (p)		2,335			2,365,943
State of West Virginia, Series B (GO) 5.00%, 05/01/28		1,000			1,129,043
State of Wisconsin, Environmental Improvement Fund, Series A (RB)
5.00%, 06/01/25 (c)		220			234,090
5.00%, 06/01/25 (c)		150			159,789
5.00%, 06/01/25 (c)		185			196,848
5.00%, 06/01/25 (c)		185			196,624
5.00%, 06/01/25 (c)		100			106,253
State of Wisconsin, General Fund Annual Appropriation, Series B (RB)
5.00%, 05/01/26 (c)		10			10,857
5.00%, 05/01/26 (c)		20			21,714
State of Wisconsin, Series 1 (GO)
5.00%, 05/01/25 (c)		15			16,085
5.00%, 05/01/27 (c)		460			507,409
5.00%, 05/01/27 (c)		250			276,749
State of Wisconsin, Series 2 (GO)
5.00%, 11/01/26		315			347,600
5.00%, 05/01/26 (c)		150			163,212
State of Wisconsin, Series 3 (GO)
5.00%, 11/01/22 (c)		145			147,468
5.00%, 05/01/27 (c)		295			327,583
5.00%, 05/01/27 (c)		450			496,378
5.00%, 05/01/27 (c)		500			550,796
State of Wisconsin, Series A (GO)
4.00%, 05/01/26 (c)		100			103,772
5.00%, 05/01/25 (c)		890			945,895
5.00%, 05/01/25 (c)		250			268,381
5.00%, 05/01/25 (c)		930			988,682
5.00%, 05/01/28		400			451,617
State of Wisconsin, Series A (RB) 5.00%, 05/01/26		160			174,473
State of Wisconsin, Series B (GO) 5.00%, 05/01/25 (c)		210			225,440
State of Wisconsin, Series D (GO) 4.00%, 05/01/24 (c)		500			512,773

	Par
	(000’s		)	Value
Wisconsin (continued)
Sun Prairie Area School District (GO) 4.00%, 03/01/25 (c)	$	500		$	516,920
Wisconsin Center District, Series C (RB) (AGM) 0.00%, 12/15/30 (c) ^		2,705			1,861,610
Wisconsin Department of Transportation, Series 2 (RB)
5.00%, 07/01/27 (c)		115			127,546
5.00%, 07/01/27 (c)		480			530,659
Wisconsin Department of Transportation, Series A (RB)
5.00%, 07/01/24 (c)		510			536,774
5.00%, 07/01/24 (c)		940			988,536
5.00%, 07/01/24 (c)		140			147,441
Wisconsin Health and Educational Facilities Authority, Advocate Aurora Health Credit Group, Series A (RB) 5.00%, 08/15/28 (c)		1,020			1,144,951

	Par
	(000’s		)	Value
Wisconsin (continued)
Wisconsin Health and Educational Facilities Authority, Ascension Senior Credit Group, Series A (RB)
4.00%, 05/15/26 (c)	$	1,000		$	1,008,098
4.00%, 05/15/26 (c)		1,500			1,507,478
5.00%, 05/15/26 (c)		100			108,044
5.00%, 05/15/26 (c)		35			37,885
Wisconsin Health and Educational Facilities Authority, Children’s Hospital of Wisconsin, Inc. (RB) 4.00%, 08/15/27 (c)		500			510,874
Wisconsin Health and Educational Facilities Authority, Froedtert Health, Inc., Series A (RB) 5.00%, 04/01/27 (c)		125			134,669
Wisconsin Health and Educational Facilities Authority, Hospital Sisters Services, Inc., Series A (RB) 5.00%, 11/15/24 (c)		155			164,667
					23,874,464
Total Municipal Bonds: 98.6% (Cost: $1,815,653,750)					1,671,853,467
Other assets less liabilities: 1.4%					23,298,090
NET ASSETS: 100.0%				$	1,695,151,557

The summary of inputs used to value the Fund’s investments as of April 30, 2022 is as follows:

	Par
	(000’s		)	Value
MUNICIPAL BONDS: 98.6%
Alabama: 0.6%
City of Decatur, Water and Sewer, Series A (RB) 4.00%, 02/15/31 (c)	$	600		$	584,508
Tuscaloosa City Board of Education (RB) 4.00%, 08/01/26 (c)		210			211,918
UAB Medicine Finance Authority, Series B (RB) 5.00%, 09/01/26 (c)		220			236,713
UAB Medicine Finance Authority, Series B2 (RB) 4.00%, 03/01/27 (c)		280			280,223
					1,313,362
Arizona: 1.9%
City of Phoenix Civic Improvement Corp., Series A (RB) 5.00%, 07/01/29 (c)		1,000			1,079,946
City of Phoenix Civic Improvement Corp., Series D (RB) 4.00%, 07/01/27 (c)		215			216,156
City of Phoenix Civic Improvement Corp., Subordinated Excise Tax, Series A (RB) 4.00%, 07/01/30 (c)		325			335,904
County of Maricopa, Industrial Development Authority, Banner Health, Series F (RB) 3.00%, 07/01/30 (c)		1,350			1,050,341
Glendale, Industrial Development Authority, Sun Health Services, Series A (RB) 5.00%, 11/15/26 (c)		625			665,544
Pima County, Industrial Development Authority, Tucson Medical Center, Series A (RB) 4.00%, 04/01/31 (c)		750			728,439
					4,076,330
Arkansas: 0.0%
City of Rogers, Sales and Use Tax, Series B (RB) 3.25%, 11/01/26 (c)		75			74,766
California: 15.7%
Abag Finance Authority for Nonprofit Corp., Sharp Healthcare, Series A (RB) 5.00%, 08/01/23 (c)		500			513,626
Airport Commission of the City and County of San Francisco, San Francisco International Airport, Second Series, Series E (RB) 5.00%, 05/01/28 (c)		995			1,063,543

	Par
	(000’s		)	Value
California (continued)
Airport Commission of the City and County of San Francisco, San Francisco International Airport, Second Series, Series F (RB) 5.00%, 05/01/29 (c)	$	500		$	538,593
Beverly Hills Unified School District (GO) 0.00%, 08/01/26 (c) ^		315			158,575
California County Tobacco Securitization Agency, Series A (RB) 4.00%, 06/01/30 (c)		1,350			1,310,794
California Health Facilities Financing Authority, City of Hope (RB) 5.00%, 11/15/26 (c)		750			802,922
California Health Facilities Financing Authority, Pin Health, Series A (RB) 4.00%, 06/01/30 (c)		750			715,176
California Health Facilities Financing Authority, Providence St. Joseph Health, Series A (RB)
3.00%, 10/01/26 (c)		570			445,090
3.00%, 10/01/26 (c)		680			568,094
California Health Facilities Financing Authority, Series A (RB)
4.00%, 11/15/27 (c)		230			224,571
4.00%, 03/01/26 (c)		320			320,773
California Municipal Finance Authority, Eisenhower Medical Center, Series A (RB) 4.00%, 07/01/27 (c)		160			157,973
California Municipal Finance Authority, Orange County Civic Center Infrastructure Improvement Program - Phase I, Series A (RB) 4.00%, 06/01/27 (c)		200			199,344
California State Educational Facilities Authority, Stanford University, Series V-1 (RB) (BAM) 5.00%, 05/01/49		250			305,317
California State, Department of Veterans Affairs, Home Purchase, Series A (RB)
2.30%, 06/01/29 (c)		300			242,758
3.00%, 06/01/29 (c)		440			435,830
California Statewide Communities Development Authority, Adventist Health System/West, Series A (RB) 5.00%, 03/01/28 (c)		330			357,364

	Par
	(000’s		)	Value
California (continued)
California Statewide Communities Development Authority, Marin General Hospital, Series A (RB) 4.00%, 08/01/23 (c)	$	200		$	201,216
Cerritos Community College District, Series D (GO) 2.38%, 08/01/31 (c)		500			363,567
Chaffey Joint Union High School District, Series C (GO) 5.25%, 02/01/27 (c)		500			545,867
City of Los Angeles Department of Airports (RB) 4.00%, 05/15/30 (c)		750			753,179
City of San Jose, California International Airport, Series B (RB) 5.00%, 03/01/27 (c)		500			536,888
El Dorado Irrigation District, Series A (CP) (AGM) 4.00%, 03/01/30 (c)		690			680,186
Glendale Community College District, Series A (GO) 4.00%, 08/01/27 (c)		130			129,567
Glendale Community College District, Series B (GO) 3.00%, 08/01/29 (c)		325			272,699
Grossmont Union High School District, Series B (GO) 3.00%, 08/01/26 (c)		105			87,819
Hayward Area Recreation and Park District, Series A (GO) 4.00%, 08/01/27 (c)		185			185,414
Irvine Unified School District Community Facilities District No. 09-1, Series A (ST) (BAM) 4.00%, 09/01/29 (c)		140			141,386
Livermore Valley Joint Unified School District (GO) 3.00%, 08/01/26 (c)		215			178,149
Los Angeles County Metropolitan Transportation Authority, Series A (RB) (AGM) 5.00%, 07/01/28 (c)		440			484,390
Los Angeles Department of Water and Power, Series A (RB)
5.00%, 01/01/27 (c)		500			537,823
5.00%, 01/01/28 (c)		250			272,777
5.00%, 01/01/29 (c)		775			851,092
5.00%, 07/01/30 (c)		800			897,549
Los Angeles Department of Water and Power, Series C (RB)
5.00%, 07/01/27 (c)		275			298,238
5.00%, 07/01/31 (c)		500			570,098

	Par
	(000’s		)	Value
California (continued)
Metropolitan Water District of Southern California, Series A (RB)
5.00%, 01/01/29 (c)	$	500		$	557,392
5.00%, 04/01/31 (c)		1,200			1,375,991
Miracosta Community College District, Series A (GO) 4.00%, 08/01/27 (c)		530			538,709
Public Utilities Commission of the City and County of San Francisco, Water Revenue, Series A (RB) 5.00%, 11/01/30 (c)		325			361,672
Public Utilities Commission of the City and County of San Francisco, Water Revenue, Series D (RB) 3.00%, 11/01/30 (c)		500			401,765
Riverside County, Perris Union High School District, Series A (GO) (AGM) 4.00%, 09/01/29 (c)		570			567,543
Sacramento City Unified School District, Series G (GO) (AGM) 4.00%, 08/01/30 (c)		500			492,030
Sacramento County, Sanitation Districts, Finance Authority, Series A (RB) 5.00%, 12/01/30 (c)		450			511,995
Sacramento Municipal Utility District, Series H (RB) 4.00%, 08/15/30 (c)		250			255,062
San Diego County Regional Airport Authority, Series A (RB) 5.00%, 07/01/29 (c)		750			811,153
San Diego Unified School District, Series I (GO)
3.12%, 07/01/27 (c)		240			215,939
4.00%, 07/01/27 (c)		595			593,969
San Francisco Bay Area Rapid Transit District, Series B-1 (GO) 3.00%, 08/01/29 (c)		600			497,567
San Francisco Bay Area Rapid Transit District, Series C-1 (GO) 4.00%, 08/01/29 (c)		610			619,071
San Francisco City & County, International Airport, Series B (RB) 5.00%, 05/01/27 (c)		700			747,377
San Francisco Municipal Transportation Agency (RB) 4.00%, 03/01/27 (c)		150			149,506
San Jose Evergreen Community College District, Series B (GO) 3.00%, 09/01/28 (c)		825			722,553

	Par
	(000’s		)	Value
California (continued)
Santa Clara County, Foothill-De Anza Community College District, Series A (GO) 3.00%, 08/01/31 (c)	$	800		$	723,226
Santa Clara Unified School District (GO) 4.00%, 07/01/26 (c)		310			312,974
Santa Clara Unified School District, Series A (GO) 4.00%, 08/01/28 (c)		1,000			989,083
Santa Monica Community College District, Series A (GO) 5.00%, 08/01/28 (c)		250			273,565
Saugus Union School District School Facilities Improvement District No.1, Series C (GO) 2.38%, 08/01/30 (c)		1,000			726,849
State of California, Various Purpose (GO)
3.00%, 10/01/29 (c)		500			420,266
3.00%, 12/01/30 (c)		400			347,319
4.00%, 10/01/29 (c)		110			112,047
5.00%, 10/01/28 (c)		935			1,017,816
5.00%, 11/01/27 (c)		515			559,839
Trustees of the California State University, Series A (RB) 5.00%, 05/01/27 (c)		335			360,773
University of California, Series BE (RB) 4.00%, 05/15/30 (c)		1,000			1,017,667
University of California, Series O (RB) 5.00%, 05/15/28 (c)		1,000			1,076,983
West Valley-Mission Community College District, Series A (GO) 4.00%, 08/01/29 (c)		250			254,192
					33,960,140
Colorado: 2.8%
Board of Governors of Colorado State University System (RB) 4.00%, 03/01/28 (c)		550			553,654
City and County of Denver, Board of Water Commissioners, Series A (RB) 2.00%, 12/15/31 (c)		850			573,824
City and County of Denver, Board of Water Commissioners, Series B (RB) 4.00%, 09/15/27 (c)		230			238,582
City and County of Denver, Series A (CP) 4.00%, 06/01/26 (c)		285			291,393
City of Loveland, Electric and Communications Enterprise, Series A (RB) 5.00%, 12/01/28 (c)		750			825,144

	Par
	(000’s		)	Value
Colorado (continued)
Colorado Educational and Cultural Facilities Authority, University of Denver Project, Series A (RB) 5.00%, 03/01/27 (c)	$	155		$	169,683
Colorado Health Facilities Authority, Adventist Health System Series A (RB) 4.00%, 05/15/28 (c)		320			311,427
Colorado Health Facilities Authority, CommonSpirit Health, Series A-2 (RB) 3.25%, 08/01/29 (c)		500			400,568
Colorado Health Facilities Authority, Sanford, Series A (RB) 5.00%, 11/01/29 (c)		500			542,102
Colorado High Performance Transportation Enterprise, C-470 Express Lanes (RB)
5.00%, 12/31/24 (c)		250			258,541
5.00%, 12/31/24 (c)		250			258,494
Denver Health and Hospital Authority, Series A (RB) 4.00%, 12/01/29 (c)		160			156,642
Regional Transportation District, Fastracks Project, Series B (RB) 2.00%, 05/01/31 (c)		850			603,409
Weld County School District No. 6 (GO) (SAW) 4.00%, 06/01/31 (c)		800			823,147
					6,006,610
Connecticut: 0.3%
Connecticut Housing Finance Authority, Series C-1 (RB) 3.50%, 11/15/24 (c)		5			5,042
Connecticut State Health and Educational Facilities Authority, Sacred Heart University Issue, Series K (RB) 4.00%, 07/01/30 (c)		300			292,335
University of Connecticut, Series A (RB) 5.00%, 02/15/30 (c)		250			275,273
					572,650
Delaware: 0.2%
County of New Castle (GO) 4.00%, 04/01/27 (c)		150			151,791
Delaware State Health Facilities Authority, Bayhealth Medical Center Project, Series A (RB) 4.00%, 07/01/27 (c)		115			115,659
Delaware State Health Facilities Authority, Christiana Care Health System, Series A (RB) 4.00%, 10/01/29 (c)		280			279,652
					547,102

	Par
	(000’s		)	Value
District of Columbia: 1.5%
District of Columbia, Series A (GO)
4.00%, 04/15/29 (c)	$	500		$	519,272
4.00%, 04/15/29 (c)		100			104,630
District of Columbia, Series A (RB)
2.62%, 03/01/30 (c)		575			436,330
3.00%, 03/01/30 (c)		275			245,432
District of Columbia, Water and Sewer Authority, Public Utility, Senior Lien, Series B (RB) 5.00%, 04/01/28 (c)		750			832,158
Metropolitan Washington Airport Authority, Dulles Metrorail and Capital Improvement Project, Series B (RB) (AGM) 3.00%, 10/01/29 (c)		650			521,915
Washington Metropolitan Area Transit Authority, Series A (RB) 3.00%, 07/15/31 (c)		750			634,937
					3,294,674
Florida: 5.5%
Central Florida Expressway Authority (RB) (BAM) 4.00%, 07/01/27 (c)		345			352,914
City of Jacksonville, Health Care Facililities, Brooks Rehabilitation (RB) 5.00%, 11/01/29 (c)		500			539,971
City of Jacksonville, Series A (RB) 5.25%, 10/01/27 (c)		250			276,584
City of Port St. Lucie, Southwest Annexation Special Assessment District No. 1 (SA) 3.25%, 07/01/26 (c)		200			176,898
City of Port St. Lucie, Southwest Annexation Special Assessment District No. 1 (SA) (BAM) 3.00%, 07/01/26 (c)		180			161,170
City of South Miami Health Facilities Authority, Inc. (RB)
5.00%, 08/15/27 (c)		275			292,957
5.00%, 08/15/27 (c)		255			273,426
City of Tampa, Central and Lower Basin Stormwater Improvements (SA) 5.25%, 05/01/28 (c)		275			313,318
County of Broward, Florida Port Facilities, Series A (RB) 5.00%, 09/01/29 (c)		500			551,914

	Par
	(000’s		)	Value
Florida (continued)
County of Broward, Florida Tourist Development, Convention Center Expansion Project (RB) 4.00%, 09/01/31 (c)	$	510		$	502,789
County of Broward, Half-Cent Sales Tax (RB) 4.00%, 10/01/30 (c)		275			284,670
County of Miami-Dade, Water and Sewer System, Series A (RB) 4.00%, 10/01/27 (c)		210			211,114
County of Miami-Dade, Water and Sewer System, Series B (RB)
3.00%, 10/01/29 (c)		310			246,009
3.12%, 10/01/27 (c)		140			122,367
County of Palm Beach, Health Facilities Authority, Lifespace Communities, Inc., Series B (RB) 4.00%, 11/15/26 (c)		330			266,297
Florida Department of Management Services, Series A (CP) 2.00%, 11/01/31 (c)		500			365,844
Florida Development Finance Corp. Healthcare Facilities, Jacksonville Project, Series A (RB) (AGM) 4.00%, 02/01/32 (c)		1,000			978,759
Florida Housing Finance Corp., Series 1 (RB) 3.20%, 07/01/28 (c)		55			54,588
Greater Orlando Aviation Authority, Airport Facilities, Series B (RB) 5.00%, 10/01/26 (c)		125			135,567
Hillsborough County Industrial Development Authority, Tampa General Hospital Project, Series A (RB) 3.50%, 02/01/31 (c)		1,000			794,241
Hillsborough County, Florida Capital Improvement Non-Ad Valorem (RB) 2.25%, 02/01/31 (c)		500			324,011
Miami-Dade County Health Facilities Authority Hospital, Nicklaus Children’s Hospital Project, Series A (RB) 4.00%, 08/01/31 (c)		500			487,929
Miami-Dade County, Florida Transit System, Sales Surtax, Series A (RB) 4.00%, 07/01/30 (c)		500			510,004
Orlando Utilities Commission, Series A (RB) 2.38%, 04/01/31 (c)		750			528,683

	Par
	(000’s		)	Value
Florida (continued)
School District of Broward County (GO)
5.00%, 07/01/28 (c)	$	300		$	328,667
5.00%, 07/01/31 (c)		665			744,380
South Broward Hospital District, Series A (RB) 3.00%, 05/01/31 (c)		750			610,018
State of Florida, Board of Education, Public Education Capital Outlay, Series C (GO) 3.00%, 06/01/27 (c)		500			440,384
State of Florida, Board of Education, Public Education Capital Outlay, Series C (GO) (AGM) 3.00%, 06/01/29 (c)		145			129,328
State of Florida, Board of Education, Public Education Capital Outlay, Series D (GO) 3.00%, 06/01/29 (c)		500			442,299
State of Florida, Department of Transportation, Series B (RB) 2.00%, 07/01/30 (c)		500			331,016
					11,778,116
Georgia: 2.1%
Brookhaven Development Authority, Children’s Healthcare of Atlanta, Inc., Series A (RB) 4.00%, 07/01/29 (c)		660			663,939
Burke County Development Authority, Series D (RB) 4.12%, 02/01/28 (c)		260			249,490
County of Fulton, Georgia Water and Sewerage, Series A (RB)
2.25%, 01/01/30 (c)		500			360,645
2.38%, 01/01/30 (c)		900			654,418
Dahlonega Downtown Development Authority, North Georgia Mac, LLC Projecty (RB) 3.12%, 07/01/23 (c)		90			83,388
Dalton-Whitfield County Joint Development Authority, Hamilton Health Care System (RB) (AGC) 4.00%, 02/15/28 (c)		185			185,012
Georgia Housing and Finance Authority, Single Family Mortgage, Series A (RB) (AGM) 3.35%, 06/01/28 (c)		165			155,334
Georgia Housing and Finance Authority, Single Family Mortgage, Series B (RB) 3.55%, 12/01/26 (c)		150			142,985

	Par
	(000’s		)	Value
Georgia (continued)
Georgia Housing and Finance Authority, Single Family Mortgage, Series B-1 (RB)
3.35%, 12/01/25 (c)	$	230		$	217,807
3.35%, 12/01/25 (c)		215			203,030
Georgia State Road & Tollway Authority, Managed Lane System, Series A (RB) 3.00%, 07/15/31 (c)		500			413,417
Gwinnett County School District (GO) (SAW) 5.00%, 02/01/29 (c)		335			378,169
Metropolitan Atlanta Rapid Transit Authority Sales Tax, Series A (RB) 3.00%, 07/01/30 (c)		1,000			826,258
					4,533,892
Hawaii: 0.5%
City and County of Honolulu, Series C (GO)
4.00%, 08/01/29 (c)		750			775,458
5.00%, 08/01/29 (c)		200			223,352
					998,810
Illinois: 3.3%
Chicago O’Hare International Airport, Series B (RB) (AGM) 4.00%, 01/01/29 (c)		890			879,085
Chicago O’Hare International Airport, Series C (RB) 5.00%, 01/01/27 (c)		150			160,232
Chicago O’Hare International Airport, Series D (RB)
5.00%, 01/01/27 (c)		265			280,535
5.00%, 01/01/27 (c)		150			158,468
Chicago O’Hare International Airport, Series F (RB) 5.00%, 01/01/27 (c)		250			264,113
City of Chicago, Seires B (GO) 4.00%, 01/01/32 (c)		1,064			981,168
County of Cook, Illinois Sales Tax (RB) 4.00%, 11/15/27 (c)		160			164,641
Illinois Finance Authority (RB) (AGM) 5.00%, 07/01/29 (c)		330			363,513
Illinois Finance Authority, NorthShore University HealthSystem, Series A (RB) 4.00%, 08/15/30 (c)		500			506,530
Illinois State Toll Highway Authority, Series A (RB) 5.00%, 01/01/31 (c)		1,000			1,104,678
State of Illinois (GO) (AGC) 5.75%, 05/01/30 (c)		750			822,953
State of Illinois, Series A (GO)
4.00%, 03/01/31 (c)		500			466,887
5.00%, 05/01/28 (c)		250			260,407
5.00%, 05/01/28 (c)		630			655,506
					7,068,716

	Par
	(000’s		)	Value
Indiana: 0.9%
Indiana Finance Authority, CWA Authority Project (RB) 5.00%, 10/01/31 (c)	$	300		$	339,563
Indiana Finance Authority, Water Utility, Citizen Energy Group Project, Series A (RB) 4.00%, 10/01/31 (c)		500			503,388
Indianapolis Local Public Improvement Bond Bank, Courthouse and Jail Project, Series A (RB) 5.00%, 02/01/29 (c)		1,000			1,089,986
					1,932,937
Iowa: 0.3%
Iowa Higher Education Loan Authority, Grinnell College Project (RB) 5.00%, 12/01/26 (c)		300			327,318
Iowa Higher Education Loan Authority, Grinnell College Project, Series A (RB) 5.00%, 12/01/26 (c)		250			273,102
					600,420
Kansas: 0.2%
Lyon County Unified School District No. 253 (GO) 3.00%, 09/01/27 (c)		270			228,711
Sedgwick County Unified School District No. 260, Series B (GO) 4.00%, 10/01/26 (c)		150			155,374
					384,085
Kentucky: 0.9%
Kentucky Bond Development Corp., Lexington Center Corp. Project (RB) 4.00%, 09/01/28 (c)		920			924,677
Kentucky Economic Development Finance Authority, Louisville Arena Project, Series A (RB) (AGM) 4.00%, 12/01/27 (c)		750			779,507
Louisville and Jefferson County, Metropolitan Sewer District, Series A (RB) 3.25%, 11/15/26 (c)		235			206,700
					1,910,884
Louisiana: 0.9%
City of New Orleans, Louisiana Public Improvement, Series A (GO)
5.00%, 12/01/30 (c)		320			355,512
5.00%, 12/01/30 (c)		450			505,877

	Par
	(000’s		)	Value
Louisiana (continued)
Louisiana Local Government Environmental Facilities and Community Development Authority, Woman’s Hospital Foundation Project, Series A (RB) 4.00%, 10/01/27 (c)	$	230		$	230,394
Louisiana Public Facilities Authority Hospital, Children’s Medical Center, Series A (RB) (AGM) 3.00%, 06/01/30 (c)		500			392,944
Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project (RB) 4.00%, 05/15/27 (c)		230			227,435
New Orleans Aviation Board, North Terminal Project, Series A (RB) 5.00%, 01/01/27 (c)		240			253,363
					1,965,525
Maryland: 1.3%
City of Baltimore, Water Projects, Series A (RB) (SAW) 4.00%, 07/01/29 (c)		225			223,245
County of Baltimore, Metropolitan District (GO) 4.00%, 03/01/28 (c)		250			254,784
Maryland Community Development Administration, Series A (RB) (AGM) 1.95%, 03/01/30 (c)		310			233,620
Maryland Health and Higher Educational Facilities Authority, Adventist Healthcare, Series B (RB) 4.00%, 01/01/32 (c)		500			461,233
Maryland Health and Higher Educational Facilities Authority, Greater Baltimore Medical Center, Series A (RB) 3.00%, 07/01/31 (c)		500			397,497
Maryland Health and Higher Educational Facilities Authority, Medstar Health Issue, Series A (RB) 4.00%, 05/15/27 (c)		260			254,328
Maryland Health and Higher Educational Facilities Authority, Univeristy of Maryland Medical System Issue, Series D (RB) 4.00%, 01/01/28 (c)		150			146,241
Maryland Stadium Authority Built to Learn (RB) 2.75%, 06/01/31 (c)		850			652,148

	Par
	(000’s		)	Value
Maryland (continued)
Prince George’s County, Regional Medical Center (CP) 3.25%, 10/01/27 (c)	$	100		$	95,476
					2,718,572
Massachusetts: 2.4%
Commonwealth of Massachusetts, Accelerated Bridge Program, Series A (RB) 5.00%, 06/01/28 (c)		315			342,316
Commonwealth of Massachusetts, Series A (GO)
5.00%, 01/01/28 (c)		1,000			1,089,090
5.00%, 01/01/28 (c)		200			218,141
5.00%, 04/01/27 (c)		275			298,209
Commonwealth of Massachusetts, Series C (GO) 3.00%, 03/01/30 (c)		360			302,463
Massachusetts Bay Transportation Authority, Series A (RB) 5.00%, 07/01/27 (c)		100			108,829
Massachusetts Development Finance Agency, Northeastern Institute, Series A (RB) 5.00%, 03/01/24 (c)		500			518,491
Massachusetts Development Finance Agency, Suffolk University (RB) 4.00%, 07/01/27 (c)		250			244,813
Massachusetts Development Finance Agency, The Broad Institute Issue (RB) 4.00%, 10/01/27 (c)		250			254,206
Massachusetts Port Authority, Series B (RB) (SBG) 5.00%, 07/01/29 (c)		305			332,272
The Commonwealth of Massachusetts Transportation Fund, Series A (RB) 3.00%, 06/01/30 (c)		800			642,449
The Commonwealth of Massachusetts, Series B (GO) 2.12%, 04/01/31 (c)		1,300			832,320
					5,183,599
Michigan: 2.2%
Bloomfield Hills School District (GO) 4.00%, 05/01/30 (c)		700			704,491
Great Lakes Water Authority, Water Supply System, Second Lien, Series B (RB) 5.00%, 07/01/26 (c)		390			418,229
Great Lakes Water Authority, Water Supply System, Senior Lien, Series A (RB) 5.00%, 07/01/26 (c)		320			344,328

	Par
	(000’s		)	Value
Michigan (continued)
Michigan Finance Authority Hospital, Trinity Health Credit Group, Series A (RB) 5.00%, 12/01/27 (c)	$	500		$	540,235
Michigan Finance Authority, Henry Ford Health System, Series A (RB)
4.00%, 11/15/26 (c)		225			221,149
4.00%, 11/02/29 (c)		250			243,117
5.00%, 11/02/29 (c)		135			147,343
Michigan State Housing Development Authority, Series A-1 (RB) 3.35%, 10/01/28 (c)		500			420,566
Michigan State Housing Development Authority, Single-Family Mortgage, Series B (RB)
2.95%, 12/01/28 (c)		425			375,958
3.50%, 06/01/22 (c)		15			15,027
Muskegon Public Schools (GO) 5.00%, 05/01/31 (c)		305			337,242
Saginaw City School District (GO) 4.00%, 05/01/31 (c)		750			721,167
Wayne County Airport Authority, Series A (RB) 5.00%, 12/01/27 (c)		190			204,005
					4,692,857
Minnesota: 1.0%
City of Minneapolis, Allina Health Care System (RB) 4.00%, 11/15/31 (c)		500			509,128
Minnesota Housing Finance Agency Residential Housing, Series B (RB) 2.50%, 07/01/30 (c)		530			408,154
Minnesota Housing Finance Agency Residential Housing, Series I (RB)
2.15%, 01/01/30 (c)		910			665,966
3.00%, 01/01/30 (c)		485			478,572
					2,061,820
Missouri: 0.7%
Health and Educational Facilities Authority, Saint Louis University, Series A (RB) 5.00%, 04/01/29 (c)		100			109,705
Missouri State Health and Educational Facilities Authority, Lutheran Senior Services Project, Series A (RB) 5.00%, 02/01/24 (c)		250			263,490
Missouri State Health and Educational Facilities Authority, Mercy Health (RB) 3.00%, 06/01/30 (c)		600			459,665

	Par
	(000’s		)	Value
Missouri (continued)
Missouri State Health and Educational Facilities Authority, Saint Luke’s Health System (RB) 3.00%, 11/15/30 (c)	$	750		$	573,899
Missouri State Housing Development Commission Single Family Mortgage, First Place Homeownership Loan, Series C (RB) 3.05%, 05/01/29 (c)		210			202,940
					1,609,699
Nebraska: 0.8%
City of Omaha and County of Douglas, Public Building, Series B (GO) 4.00%, 05/01/29 (c)		550			553,145
Douglas County School District No. 0001 (GO) 2.00%, 03/30/31 (c)		500			345,698
Omaha Public Power District, Nebraska Electric System, Series A (RB) 4.00%, 08/01/30 (c)		750			754,530
					1,653,373
Nevada: 1.2%
City of Carson, Tahoe Regional Healthcare Project (RB) 5.00%, 09/01/27 (c)		390			415,206
City of Henderson, Utility System, Series A-1 (GO) 4.00%, 06/01/30 (c)		675			688,740
County of Clark , Limited Tax, Series A (GO) 5.00%, 06/01/28 (c)		485			526,227
County of Clark , Limited Tax, Series C (GO) 3.00%, 07/01/29 (c)		280			245,244
County of Washoe, Nevada Highway, Fuel Tax (RB) 5.00%, 02/01/29 (c)		250			274,991
County of Washoe, School District, Series C (GO) (AGM) 3.12%, 10/01/27 (c)		100			94,388
Las Vegas Convention and Visitors Authority, Series B (RB) (NATL) 5.00%, 07/01/28 (c)		275			300,772
					2,545,568
New Hampshire: 0.5%
National Finance Authority Hospital, St. Lukes University Health Network Project, Series B (RB) (AGM) 3.00%, 08/15/31 (c)		500			392,216
National Finance Authority, Springpoints Living Project (RB) 4.00%, 01/01/26 (c)		500			480,863

	Par
	(000’s		)	Value
New Hampshire (continued)
New Hampshire Municipal Bond Bank, Series B (RB) 4.00%, 08/15/27 (c)	$	265		$	271,594
					1,144,673
New Jersey: 2.8%
Clifton Board Of Education (GO) (AGM) 2.00%, 08/15/28 (c)		500			351,366
New Jersey Educational Facilities Authority, New Jersey Princeton University, Series C (RB)
2.00%, 03/01/31 (c)		500			389,913
2.00%, 03/01/31 (c)		500			378,380
New Jersey Health Care Facilities Financing Authority, Atlanticare Health System (RB) 2.50%, 07/01/31 (c)		490			327,716
New Jersey Health Care Facilities Financing Authority, RWJ Barnabas Health, Series A (RB)
4.00%, 07/01/31 (c)		555			556,500
5.00%, 07/01/26 (c)		55			58,561
New Jersey Transportation Trust Fund Authority, Series AA (RB)
4.50%, 12/15/28 (c)		910			914,182
5.00%, 12/15/30 (c)		250			263,696
5.00%, 12/15/30 (c)		250			266,777
New Jersey Transportation Trust Fund Authority, Series BB (RB) 3.50%, 12/15/28 (c)		365			307,646
New Jersey Turnpike Authority, Series A (RB) 4.00%, 01/01/29 (c)		1,280			1,274,295
New Jersey Turnpike Authority, Series B (RB) 5.00%, 01/01/28 (c)		100			108,799
New Jersey Turnpike Authority, Series G (RB) 4.00%, 01/01/28 (c)		210			210,673
State of New Jersey, Various Purposes (GO) 5.00%, 12/01/27 (c)		400			435,648
Tobacco Settlement Financing Corp., Series A (RB) 5.00%, 06/01/28 (c)		205			215,466
					6,059,618
New Mexico: 0.3%
New Mexico Hospital Equipment, Presbyterian Healthcare Services, Series A (RB) 4.00%, 08/01/29 (c)		250			250,022

	Par
	(000’s		)	Value
New Mexico (continued)
New Mexico Mortgage Finance Authority, Single Family Mortgage Program Class I, Series C (RB) 3.60%, 07/01/28 (c)	$	190		$	189,233
New Mexico Mortgage Finance Authority, Single Family Mortgage Program Class I, Series F (RB) 3.05%, 01/01/29 (c)		325			285,444
					724,699
New York: 20.8%
Battery Park City Authority, Series A (RB) 4.00%, 11/01/29 (c)		1,000			1,015,351
City of New York, Series C (GO) 5.00%, 08/01/30 (c)		500			549,695
City of New York, Series D-1 (GO)
4.00%, 12/01/28 (c)		470			470,919
5.00%, 12/01/28 (c)		100			109,049
City of New York, Subseries B-1 (GO)
3.00%, 10/01/29 (c)		110			91,538
5.00%, 10/01/29 (c)		250			272,659
City of New York, Subseries D-1 (GO) (BAM) 5.00%, 03/01/30 (c)		1,000			1,095,039
County of Monroe, Industrial Development Corp., University of Rochester Project, Series A (RB) 4.00%, 07/01/30 (c)		900			888,602
Dormitory Authority of the State of New York University, Personal Income Tax, Series D (RB) 5.00%, 02/15/30 (c)		520			565,776
Dormitory Authority of the State of New York University, Series A (RB) 5.00%, 07/01/29 (c)		350			387,420
Dormitory Authority of the State of New York, A (RB) 5.00%, 03/15/27 (c)		380			411,142
Dutchess County Local Development Corp., Health Quest System, Inc., Series B (RB) 5.00%, 07/01/26 (c)		255			269,262
Hudson Yards Infrastructure Corp., Series A (RB) 5.00%, 02/15/27 (c)		645			700,724
Jefferson County Civic Facility Development Corp., Samaritan Medical Center Project, Series A (RB) 4.00%, 11/01/27 (c)		330			310,087

	Par
	(000’s		)	Value
New York (continued)
Long Island Power Authority, Electric System (RB) 5.00%, 09/01/27 (c)	$	300		$	325,435
Metropolitan Transportation Authority, Series A (RB) (AGM) 5.00%, 11/15/28 (c)		715			766,355
Metropolitan Transportation Authority, Series A-1 (RB) 4.00%, 05/15/27 (c)		400			388,405
Metropolitan Transportation Authority, Series B-1 (RB) 5.00%, 11/15/27 (c)		350			375,470
Metropolitan Transportation Authority, Series C (RB) 5.00%, 11/15/29 (c)		550			582,521
Metropolitan Transportation Authority, Series C (RB) (AGM) 4.00%, 11/15/29 (c)		1,000			989,926
Metropolitan Transportation Authority, Series D (RB)
4.00%, 05/15/28 (c)		250			240,415
4.00%, 05/15/28 (c)		1,245			1,210,683
New York City Environmental Facilities, Clean Water and Drinking Water, Series B (RB) 4.00%, 06/15/29 (c)		500			505,317
New York City Housing Development Corp., Multi-Family Housing, Series A-1 (RB) 3.00%, 05/01/28 (c)		275			213,069
New York City Housing Development Corp., Multi-Family Housing, Series C-1 (RB) 2.25%, 05/01/29 (c)		800			597,833
New York City Housing Development Corp., Multi-Family Housing, Series E-1 (RB) 3.00%, 03/01/27 (c)		500			448,620
New York City Housing Development Corp., Multi-Family Housing, Series I-1 (RB)
2.35%, 02/01/29 (c)		525			410,594
2.80%, 02/01/29 (c)		455			316,003
New York City Housing Development Corp., Multi-Family Housing, Series J (RB) 3.05%, 09/01/27 (c)		565			451,952
New York City Housing Development Corp., Sustainable Development Bonds, Series C (RB) 2.75%, 02/01/29 (c)		1,000			727,981

	Par
	(000’s		)	Value
New York (continued)
New York City Housing Development Corp., Sustainable Neighborhood Bonds, Series G-1 (RB) 3.75%, 11/01/25 (c)	$	250		$	219,430
New York City Municipal Water Finance Authority, Water and Sewer System, Series EE (RB)
4.00%, 06/15/27 (c)		175			179,507
5.00%, 12/15/27 (c)		750			825,491
New York City Transitional Finance Authority Building Aid, Series S-1 (RB) (SAW) 3.00%, 07/15/29 (c)		350			287,432
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A-1 (RB) 5.00%, 08/01/28 (c)		260			281,663
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A-2 (RB) 5.00%, 08/01/27 (c)		200			216,680
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A-3 (RB) 5.00%, 08/01/27 (c)		510			552,023
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series B-1 (RB) 4.00%, 08/01/27 (c)		400			400,052
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series C-1 (RB)
4.00%, 11/01/30 (c)		1,775			1,787,323
4.00%, 11/01/30 (c)		500			501,288
4.00%, 05/01/29 (c)		1,120			1,116,592
5.00%, 02/01/32 (c)		565			629,349
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series E-1 (RB) 2.25%, 02/01/31 (c)		650			429,215
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series F-1 (RB) 5.00%, 05/01/27 (c)		420			452,111
New York City Water and Sewer System, Series AA (RB) 5.00%, 12/15/29 (c)		200			221,546
New York City Water and Sewer System, Series AA-1 (RB) 3.00%, 12/15/30 (c)		350			287,822

	Par
	(000’s		)	Value
New York (continued)
New York City Water and Sewer System, Series AA-2 (RB) 3.00%, 12/15/30 (c)	$	660		$	573,403
New York City Water and Sewer System, Series BB (RB) 4.00%, 12/15/30 (c)		640			629,800
New York City Water and Sewer System, Series EE (RB) (AGC) 5.00%, 06/15/29 (c)		300			330,440
New York City Water and Sewer System, Series FF (RB) 5.00%, 06/15/28 (c)		250			272,012
New York Convention Center Development Corp., Series A (RB)
0.00%, 11/15/47 ^		230			62,000
0.00%, 11/15/54 ^		170			30,803
New York Liberty Development Corp., 4 World Trade Center Project (RB) 3.00%, 11/15/31 (c)		1,500			1,175,635
New York State Dormitory Authority, Icahn School of Medicine at Mount Sinai, Series A (RB) 5.00%, 03/15/29 (c)		285			308,973
New York State Dormitory Authority, New York Columbia University, Series A (RB) 5.00%, 10/01/47		250			302,728
New York State Dormitory Authority, New York Columbia University, Series A (RB) (FHA) 5.00%, 10/01/48		700			848,811
New York State Dormitory Authority, New York University, Series A (RB)
5.00%, 07/01/28 (c)		400			448,429
5.00%, 07/01/28 (c)		235			263,778
New York State Dormitory Authority, Personal Income Tax, Series A (RB) 3.00%, 09/15/30 (c)		500			429,918
New York State Dormitory Authority, Rochester Institute of Technology, Series A (RB) 5.00%, 07/01/29 (c)		250			271,953
New York State Dormitory Authority, St. John’s University, Series A (RB) 4.00%, 07/01/31 (c)		550			540,528
New York State Dormitory Authority, State Sales Tax, Series A (RB)
4.00%, 03/15/27 (c)		250			249,513
4.00%, 03/15/27 (c)		800			792,408
5.00%, 03/15/27 (c)		150			160,823

	Par
	(000’s		)	Value
New York (continued)
New York State Dormitory Authority, State Sales Tax, Series E (RB) 5.00%, 09/15/28 (c)	$	1,000		$	1,075,579
New York State Dormitory Authority, The New School, Series A (RB)
4.00%, 01/01/27 (c)		475			467,280
5.00%, 01/01/27 (c)		420			446,463
New York State Housing Finance Agency (RB) 2.50%, 05/01/30 (c)		1,250			1,001,880
New York State Housing Finance Agency, Series D (RB) 3.70%, 05/01/28 (c)		225			216,895
New York State Housing Finance Agency, Series M (RB) 3.75%, 11/01/26 (c)		195			176,503
New York State Power Authority, Series A (RB) 4.00%, 05/15/30 (c)		500			494,472
New York State Thruway Authority, Series B (RB) (AGM) 4.00%, 01/01/30 (c)		500			501,186
New York State Urban Development Corp., Sales Tax, Series A (RB) 3.00%, 09/15/31 (c)		1,000			819,714
New York State Urban Development Corp., State Personal Income, Series A (RB)
3.00%, 09/15/30 (c)		950			766,477
5.00%, 09/15/28 (c)		500			540,216
New York State Urban Development Corp., State Personal Income, Series C (RB) 3.00%, 09/15/30 (c)		550			449,366
New York Transportation Development Corp., Terminal 4 John Kennedy International Airport Project, Series C (RB) 4.00%, 12/01/30 (c)		925			884,656
State of New York Mortgage Agency Homeowner Mortgage (RB) 3.50%, 04/01/26 (c)		190			180,863
State of New York Mortgage Agency Homeowner Mortgage (RB) (SBG) 2.55%, 10/01/29 (c)		330			238,558
Suffolk Tobacco Asset Securitization Corp., Series B-1 (RB) 4.00%, 06/01/31 (c)		500			466,396

	Par
	(000’s		)	Value
New York (continued)
Triborough Bridge and Tunnel Authority, MTA Bridges and Tunnels, Series A (RB)
5.00%, 11/15/30 (c)	$	750		$	817,906
5.00%, 11/15/30 (c)		1,500			1,636,130
Triborough Bridge and Tunnel Authority, MTA Bridges and Tunnels, Series B (RB) 5.00%, 05/15/28 (c)		500			555,096
Triborough Bridge and Tunnel Authority, MTA Bridges and Tunnels, Series C (RB) 4.00%, 11/15/31 (c)		750			740,733
Utility Debt Securitization Authority (RB) 5.00%, 12/15/27 (c)		550			608,953
					44,852,643
North Carolina: 1.5%
Charlotte-Mecklenburg Hospital Authority, Atrium HealthCare, Series A (RB) 4.00%, 01/15/32 (c)		600			605,966
North Carolina Housing Finance Agency Home Ownership, Series B (RB)
3.85%, 07/01/27 (c)		85			85,613
4.00%, 07/01/27 (c)		125			126,288
North Carolina Medical Care Commission, Novant Health, Series A (RB) 3.12%, 11/01/29 (c)		220			179,659
North Carolina Turnpike Authority, Triangle Expressway System (RB)
5.00%, 01/01/30 (c)		500			535,995
5.00%, 01/01/30 (c)		750			798,656
University of North Carolina, Hospitals at Chapel Hill (RB) 5.00%, 02/01/45		800			914,435
					3,246,612
Ohio: 2.8%
American Municipal Power, Inc., Series A (RB) 5.00%, 02/15/26 (c)		220			232,288
City of Chillicothe, Hospital Facilities, Adena Health System (RB) 4.00%, 12/01/27 (c)		440			437,428
City of Cleveland, Airport System Revenue, Series B (RB) 5.00%, 07/01/28 (c)		100			106,601
County of Allen, Ohio Hospital Facilities, Mercy Health, Series A (RB) 4.00%, 02/01/28 (c)		510			501,943

	Par
		(000’s	)		Value
Ohio (continued)
County of Franklin, Nationwide Children’s Hospital Project, Series A (RB) 5.00%, 11/01/48	$	1,000		$	1,147,000
County of Ross, Adena Health System (RB) 5.00%, 12/01/29 (c)		1,000			1,074,433
Euclid City School District, Series A (GO) (SD CRED PROG) 4.00%, 01/15/26 (c)		150			153,263
Hamilton County, Life Enriching Communities Project (RB) 5.00%, 01/01/26 (c)		250			254,668
North Royalton City School District (GO) 5.00%, 06/01/25 (c)		190			201,189
Northeast Ohio Regional Sewer District (RB) 3.00%, 11/15/29 (c)		350			308,508
Ohio Housing Finance Agency, Series D (RB) 3.62%, 09/01/26 (c)		90			89,688
Ohio Water Development Authority, Fresh Water (RB) 5.00%, 12/01/29 (c)		500			560,374
State of Ohio, Cleveland Clinic System, Series B (RB) (BAM) 4.00%, 01/01/29 (c)		335			335,881
State of Ohio, Water Pollution Control, Series A (RB) 5.00%, 12/01/31 (c)		500			567,047
					5,970,311
Oklahoma: 0.3%
Edmond Public Works Authority, Sales Tax and Utility System (RB) 4.00%, 07/01/27 (c)		250			257,403
Oklahoma Turnpike Authority, Series A (RB) 4.00%, 01/01/26 (c)		350			354,665
					612,068
Oregon: 1.4%
Lake Oswego School District No. 7J (GO) (SBG) 4.00%, 06/01/27 (c)		190			197,406
Multnomah County School District No. 1J, Series B (GO) (SBG)
2.00%, 06/15/30 (c)		550			390,066
3.25%, 06/15/27 (c)		295			276,997
North Clackamas School District No. 12, Series A (GO) (SBG) 0.00%, 06/15/27 (c) ^		175			85,577
Oregon Health and Science University, Series A (RB) 4.00%, 01/01/32 (c)		1,000			980,884

	Par
		(000’s	)		Value
Oregon (continued)
Sherwood School District No. 88J, Series A (GO) (SBG) 0.00%, 06/15/28 (c) ^	$	510		$	173,727
Tri-County Metropolitan Transportation District of Oregon, Series A (RB) 3.00%, 09/01/29 (c)		935			819,105
					2,923,762
Pennsylvania: 4.7%
Allegheny County Sanitary Authority, Sewer Revenue (RB) 5.00%, 06/01/28 (c)		685			764,798
Allegheny County, Series C-77 (GO) 5.00%, 11/01/28 (c)		220			243,525
Chester County Health and Education Facilities Authority, Main Line Health System, Series A (RB)
4.00%, 10/01/27 (c)		180			176,314
4.00%, 09/01/30 (c)		645			625,199
Chester County Health and Education Facilities Authority, Main Line Health System, Series A (RB) (SBG) 4.00%, 09/01/30 (c)		210			207,927
Commonwealth of Pennsylvania (GO) 2.00%, 05/01/30 (c)		500			360,702
Commonwealth of Pennsylvania, Delaware County Authority, Series A (RB) 5.00%, 04/01/27 (c)		170			185,967
Commonwealth of Pennsylvania, Series A (CP) (FHA) 4.00%, 01/30/28 (c)		1,170			1,178,828
DuBois Hospital Authority, Penn Highlands Healthcare (RB) 5.00%, 01/15/28 (c)		280			301,437
Geisinger Authority, Health System, Series A (RB) 5.00%, 04/01/30 (c)		1,000			1,070,308
Montgomery County Higher Education and Health Authority, Presbytery Homes, Inc. Project (RB) 5.00%, 12/01/24 (c)		145			151,443
Pennsylvania Housing Finance Agency, Single Family Mortgage (RB)
2.28%, 10/01/30 (c)		500			387,305
3.20%, 10/01/25 (c)		270			242,586
3.20%, 10/01/25 (c)		150			148,010

	Par
	(000’s		)	Value
Pennsylvania (continued)
Pennsylvania Housing Finance Agency, Single Family Mortgage, Series B (RB) 3.65%, 04/01/27 (c)	$	260		$	258,386
Pennsylvania Turnpike Commission, Motor License (RB) 5.00%, 12/01/27 (c)		155			169,118
Pennsylvania Turnpike Commission, Oil Franchise Tax, Series A (RB) (AGM) 5.00%, 12/01/28 (c)		290			313,270
Pennsylvania Turnpike Commission, Oil Franchise Tax, Series B (RB) 4.00%, 12/01/31 (c)		550			527,522
Pennsylvania Turnpike Commission, Series A (RB)
4.00%, 06/01/31 (c)		900			887,235
5.00%, 12/01/29 (c)		220			237,040
Pennsylvania Turnpike Commission, Series A-1 (RB) 5.00%, 12/01/27 (c)		150			163,263
Pennsylvania Turnpike Commission, Series B-1 (RB) 5.25%, 06/01/27 (c)		700			759,820
Philadelphia Gas Works (RB) 5.00%, 08/01/27 (c)		805			861,313
					10,221,316
Tennessee: 0.5%
Sullivan County (GO) 4.00%, 05/01/26 (c)		230			227,853
Tennessee Housing Development Agency, Residential Finance Program (RB)
2.95%, 01/01/29 (c)		385			369,453
3.60%, 01/01/27 (c)		250			249,180
Tennessee Housing Development Agency, Series B (RB) 3.45%, 01/01/27 (c)		205			203,799
					1,050,285
Texas: 10.2%
Alvin Independent School District (GO) 3.38%, 02/15/28 (c)		350			342,725
Arlington Higher Education Finance Corp. (RB)
3.00%, 02/15/31 (c)		1,000			812,558
4.00%, 08/15/29 (c)		675			688,098
Board of Regents of the University of Texas System, Series A (RB)
2.25%, 08/15/31 (c)		1,400			970,788
3.00%, 08/15/31 (c)		525			471,843

	Par
	(000’s		)	Value
Texas (continued)
Board of Regents of the University of Texas System, Series E (RB) 4.00%, 08/15/27 (c)	$	650		$	667,643
Central Texas Regional Mobility Authority, Senior Lien, Series E (RB) 5.00%, 01/01/30 (c)		750			799,395
City of Arlington, Senior Lien Special Tax, Series A (ST) (AGM) 4.00%, 02/15/28 (c)		165			163,499
City of Austin, Airport System, Series A (RB) 5.00%, 11/15/26 (c)		280			302,779
City of Austin, Texas Electricity Utility System, Series A (RB)
5.00%, 11/15/29 (c)		1,375			1,513,649
5.00%, 11/15/30 (c)		500			557,924
City of Corpus Christi, Utility System, Series A (RB) (SBG) 4.00%, 07/15/30 (c)		295			304,937
City of Denton (GO) 4.00%, 02/15/27 (c)		120			123,019
City of El Paso (GO) 4.00%, 08/15/29 (c)		950			951,572
City of Houston, Combined Utility System, First Lien, Series D (RB) 5.00%, 11/15/28 (c)		220			243,650
College of the Mainland (GO) 3.75%, 08/15/28 (c)		250			241,792
Coppell Independent School District (GO) 4.00%, 08/15/28 (c)		250			259,305
County of Bexar, Political Subdivision, Limited Tax (GO) 4.00%, 06/15/26 (c)		220			227,266
Crowley Independent School District (GO) 4.00%, 02/01/29 (c)		500			522,745
Cypress-Fairbanks Independent School District, Series A (GO) 2.25%, 02/15/31 (c)		600			431,383
Frisco Independent School District (GO) 4.00%, 02/15/27 (c)		460			470,347
Grand Parkway Transportation Corp. System, First Tier Toll, Series C (RB) 4.00%, 04/01/30 (c)		770			758,950
Grand Parkway Transportation Corp. System, Subordinate Tier Toll, Series A (RB) 5.00%, 04/01/28 (c)		640			687,738

	Par
	(000’s		)	Value
Texas (continued)
Harris County, Cultural Education Facilities Finance Corp., Texas Children’s Hospital, Series A (RB)
3.00%, 10/01/29 (c)	$	350		$	307,735
3.00%, 10/01/31 (c)		1,145			995,083
3.00%, 10/01/31 (c)		1,000			808,050
Lamar Consolidated Independent School District (GO) 3.00%, 02/15/31 (c)		290			236,094
Leander Independent School District, Series A (GO)
0.00%, 08/16/26 (c) ^		900			403,581
0.00%, 08/16/26 (c) ^		95			39,088
Leander Independent School District, Unlimited Tax School Building, Series A (GO) 3.00%, 08/15/30 (c)		500			408,490
New Hope Cultural Education Facilities Finance Corp. Hospital, Children’s Healthcare of Texas, Series A (RB) 4.00%, 08/15/27 (c)		555			560,424
North Fort Bend Water Authority, Series A (RB) 4.00%, 12/15/29 (c)		250			256,885
North Texas Tollway Authority System, Second Tier (RB) 4.25%, 01/01/28 (c)		500			502,542
Northside Independent School District (GO) 3.00%, 06/01/29 (c)		745			631,525
San Jacinto College District, Series A (GO) 5.00%, 02/15/29 (c)		500			556,302
Tarrant County Cultural Education Facilities Finance Corp., Christus Health, Series B (RB) 5.00%, 01/01/29 (c)		250			268,936
Tarrant Regional Water District, Texas Water Transmission Facility Contract, Series A (RB)
2.00%, 03/01/30 (c)		750			504,872
2.00%, 03/01/30 (c)		750			513,952
Texas Water Development Board, Series A (RB)
3.00%, 10/15/29 (c)		500			454,651
4.00%, 04/15/28 (c)		325			331,767
5.00%, 04/15/28 (c)		840			921,053
Texas Water Development Board, Series B (RB) 5.00%, 10/15/28 (c)		225			246,134
West Harris County Regional Water Authority (RB) 3.00%, 12/15/29 (c)		250			193,310

	Par
		(000’s	)		Value
Texas (continued)
West Travis County Public Utility Agency (RB) (BAM) 4.00%, 08/15/27 (c)	$	230		$	238,197
					21,892,276
Utah: 0.5%
Salt Lake City, International Airport, Series B (RB) 5.00%, 07/01/28 (c)		360			386,264
Utah County, IHC Health Services, Inc., Series A (RB) 5.00%, 05/15/30 (c)		250			273,208
Utah County, IHC Health Services, Inc., Series B (RB)
3.00%, 05/15/26 (c)		210			185,283
4.00%, 05/15/24 (c)		350			350,127
					1,194,882
Virginia: 1.5%
Fairfax County Industrial Development Authority, Inova Health System Project, Series B (RB) 4.00%, 05/15/28 (c)		250			250,027
Hampton Roads Transportation Accountability Commission, Series A (RB)
4.00%, 07/01/30 (c)		665			678,768
5.00%, 07/01/30 (c)		500			546,873
Norfolk Economic Development Authority, Series B (RB) 4.00%, 11/01/28 (c)		250			250,031
Virginia College Building Authority, Virginia Educational Facilities, Series A (RB) 3.00%, 02/01/31 (c)		1,000			863,293
Virginia Commonwealth Transportation Board (RB) (AGM) 3.25%, 05/15/28 (c)		150			145,028
Virginia Small Business Financing Authority, National senior Campuses, Inc., Series A (RB) 4.00%, 07/01/27 (c)		500			490,267
					3,224,287
Washington: 2.1%
City of Seattle, Municipal Light and Power Improvement, Series A (RB) 4.00%, 01/01/28 (c)		450			460,255
Energy Northwest, Columbia Generating Station Electric, Series A (RB)
4.00%, 07/01/31 (c)		1,000			1,028,427
5.00%, 07/01/31 (c)		455			516,353
King & Snohomish Counties, Northshore School District No. 417 (GO) (SBG) 4.00%, 06/01/29 (c)		500			525,611

	Par
	(000’s		)	Value
Washington (continued)
King County Public Hospital District No. 1, Valley Medical Center (GO) (SAW) 5.00%, 12/01/28 (c)	$	150		$	162,057
King County Public Hospital District No. 2, Evergreen Health, Series A (GO) 4.00%, 12/01/29 (c)		650			674,841
State of Washington, Convention Center Public Facilities District (RB) 4.00%, 07/01/28 (c)		125			113,261
State of Washington, Various Purpose, Series C (GO) 5.00%, 02/01/28 (c)		800			877,974
Washington Health Care Facilities Authority, Virginia Mason Medical Center (RB) 4.00%, 08/15/27 (c)		205			200,198
					4,558,977
West Virginia: 0.4%
State of West Virginia, Series B (GO)
4.00%, 06/01/28 (c)		150			152,708
5.00%, 06/01/28 (c)		100			110,606
West Virginia Hospital Finance Authority, West Virginia University Health System Obligated Group, Series A (RB) (NATL) 4.00%, 06/01/28 (c)		700			660,559
					923,873

	Par
	(000’s		)	Value
Wisconsin: 0.8%
Public Finance Authority Health Care Facilities, Series A (RB) 3.00%, 01/01/30 (c)	$	250		$	188,583
Public Finance Authority Retirement Communities, Series A (RB) 5.00%, 11/15/27 (c)		750			820,316
Village of Mount Pleasant, Series A (TA) 5.00%, 04/01/28 (c)		250			271,002
Wisconsin Center District, Series D (RB) (AGM) 0.00%, 12/15/30 (c) ^		250			86,539
Wisconsin Health and Educational Facilities Authority, Froedtert Health, Inc., Series A (RB) 4.00%, 04/01/27 (c)		205			207,089
Wisconsin Health and Educational Facilities Authority, Marshfield Clinic Health System, Inc., Series C (RB)
4.00%, 02/15/27 (c)		105			105,031
4.00%, 02/15/27 (c)		115			111,874
					1,790,434
Wyoming: 0.3%
University of Wyoming, Series C (RB) (AGM) 4.00%, 06/01/31 (c)		700			697,693
Total Municipal Bonds: 98.6% (Cost: $241,779,794)					212,572,916
Other assets less liabilities: 1.4%					2,994,756
NET ASSETS: 100.0%				$	215,567,672

The summary of inputs used to value the Fund’s investments as of April 30, 2022 is as follows:

	Number
	of Shares		Value
CLOSED-END FUNDS: 13.7% (a)
BlackRock MuniYield Quality Fund III, Inc.		2,908	$	34,343
BNY Mellon Municipal Income, Inc.		4,724		33,399
Delaware Investments National Municipal Income Fund		3,052		35,830
DWS Municipal Income Trust		6,969		67,390
Eaton Vance New York Municipal Bond Fund		3,456		33,178
MFS High Yield Municipal Trust		9,323		32,631
MFS Investment Grade Municipal Trust		4,336		34,168
MFS Municipal Income Trust		5,949		32,957
Neuberger Berman California Municipal Fund, Inc.		3,013		34,951
Nuveen New Jersey Quality Municipal Income Fund		2,687		34,098
Nuveen Ohio Quality Municipal Income Fund		2,631		33,756
Nuveen Pennsylvania Quality Municipal Income Fund		2,748		32,976

	Number
	of Shares		Value
Pioneer Municipal High Income Fund Trust		3,358	$	32,136
Western Asset Managed Municipals Fund, Inc.		3,155		35,021
Total Closed-End Funds (Cost: $634,296)				506,834

EXCHANGE TRADED FUNDS: 86.3% (a)
VanEck High Yield Muni ETF ‡		17,100		939,816
VanEck Intermediate Muni ETF ‡		28,445		1,295,527
VanEck Long Muni ETF ‡		9,721		176,436
VanEck Short High Yield Muni ETF ‡		8,579		194,314
VanEck Short Muni ETF ‡		33,887		570,318

Total Exchange Traded Funds (Cost: $3,425,288)				3,176,411

Total Investments: 100.0% (Cost: $4,059,584)				3,683,245
Other assets less liabilities: 0.0%				1,544
NET ASSETS: 100.0%			$	3,684,789

The summary of inputs used to value the Fund’s investments as of April 30, 2022 is as follows:

	Par
	(000’s		)	Value
MUNICIPAL BONDS: 98.0%
Alabama: 1.3%
Alabama Special Care Facilities Financing Authority-Birmingham, Methodist Home (RB) 5.50%, 06/01/26 (c)	$	500		$	496,441
Hoover Industrial Development Board, United States Steel Corp. Project (RB) 6.38%, 11/01/30 (p)		500			572,411
Lower Alabama Gas District, Project No. 2 (RB) (SAW) 4.00%, 12/01/25 (c) (p)		1,000			1,019,498
Southeast Alabama Gas Supply District, Series A (RB) 4.00%, 04/01/24 (c) (p)		1,000			1,011,776
Tuscaloosa County Industrial Development Authority, Hunt Refining Project, Series A (RB) 4.50%, 05/01/29 (c)		2,578			2,481,465
					5,581,591
American Samoa: 0.1%
American Samoa Economic Development Authority, Series A (RB) 6.50%, 09/01/28		250			280,859
Arizona: 1.9%
Arizona Industrial Development Authority Economic Development Revenue Bonds (Linder Village Project), Series (Meridian, Ada County, Idaho) (RB) (AGM) 5.00%, 06/01/31		1,000			1,034,990
Arizona Industrial Development Authority Education Facility Revenue Bonds (Leman Academy Of Excellence Projects) Series A (RB) 4.00%, 07/01/29 (c)		1,000			973,901
Arizona Industrial Development Authority, Basis School Projects, Series A (RB)
4.75%, 07/01/23 (c)		210			215,237
5.00%, 07/01/26		200			205,841
Arizona Industrial Development Authority, Legacy Cares, Inc. Project, Series A (RB) (AGM) 6.75%, 07/01/27 (c)		500			534,392
Arizona Industrial Development Authority, Legacy Cares, Inc. Project, Series C (RB) (AGM) 6.75%, 07/01/27 (c)		1,000			1,073,391
Arizona Industrial Development Authority, Leman Academy of Excellence - East Tucson and Central Tucson Projects, Series A (RB) 4.00%, 07/01/24 (c)		500			488,405

	Par
	(000’s		)	Value
Arizona (continued)
Arizona Industrial Development Authority, Pinecrest Academy of Nevada-Cadence Campus Project, Series A (RB) 4.00%, 07/15/28 (c)	$	520		$	506,483
Arizona Industrial Development Authority, Pinecrest Academy of Northern Nevada Project, Series A (RB) 4.50%, 07/15/25 (c)		500			487,955
Arizona Industrial Development Authority, Point 320 LLC, Series A (RB) 3.62%, 05/20/33		478			470,466
City Of Phoenix Civic Improvement Corporation Junior Lien Airport Revenue Refunding Bonds, Series D (Non-Amt) (RB) 5.00%, 07/01/27 (c)		500			545,617
Industrial Development Authority of the City of Phoenix, Basis Schools, Inc. Project, Series A (RB) 4.00%, 07/01/25		425			427,914
Maricopa County Industrial Development Authority, Legacy Traditional Schools Projects, Series B (RB) 4.00%, 07/01/29		240			241,192
Pima County Industrial Development Authority, American Leadership Academy Project (RB) 4.12%, 06/15/22 (c)		250			250,796
Salt Verde Financial Corp. (RB)
5.25%, 12/01/23		200			207,106
5.25%, 12/01/24		65			68,355
5.25%, 12/01/28		10			10,954
5.50%, 12/01/29		370			413,594
					8,156,589
Arkansas: 0.5%
Arkansas Development Finance Authority Health Care Revenue Refunding Bonds, Baptist Memorial Health Care Corporation, Series B-2 (RB) 5.00%, 09/01/27 (c) (p)		2,000			2,194,199
California: 7.3%
Airport Commission of the City and County of San Francisco, San Francisco International Airport, Second Series, Series A (RB) 5.00%, 05/01/23		250			257,033

	Par
	(000’s		)	Value
California (continued)
Airport Commission of the City and County of San Francisco, San Francisco International Airport, Second Series, Series H (RB)
5.00%, 05/01/26	$	500		$	534,832
5.00%, 05/01/27		500			539,183
5.00%, 05/01/29		500			548,797
Antelope Valley Healthcare District, Series A (RB) 5.00%, 03/01/26		575			609,853
California Community Choice Financing Authority Clean Energy Project Revenue Bonds Series A (Green Bonds - Climate Bond Certified) (RB) 4.00%, 12/01/27 (c) (p)		1,000			1,025,618
California Health Facilities Financing Authority Revenue Bonds (Commonspirit Health) Series A (RB) 5.00%, 04/01/30 (c)		1,275			1,414,322
California Health Facilities Financing Authority, Commonspirit Health, Series A (RB) 5.00%, 04/01/30 (c)		2,000			2,213,968
California Municipal Finance Authority, CHF-Davis I, LLC-West Village Student Housing Project, Series A (RB) 5.00%, 11/15/28 (c)		1,340			1,447,527
California Municipal Finance Authority, Community Medical Centers, Series A (RB)
5.00%, 02/01/27 (c)		50			55,082
5.00%, 02/01/27		50			55,294
California Municipal Finance Authority, LINXS APM Project, Series A (RB)
5.00%, 06/30/27		610			654,321
5.00%, 06/30/28		220			237,172
California Municipal Finance Authority, LINXS APM Project, Series A (RB) (AGM) 5.00%, 06/30/28 (c)		260			276,526
California Municipal Finance Authority, United Airlines, Inc., International Airport Project (RB) 4.00%, 07/15/29		3,210			3,104,376
California Pollution Control Financing Authority, Solid Waste Disposal, CalPlant I Project (RB) 7.00%, 07/01/22 (d) *		1,000			600,000

	Par
	(000’s		)	Value
California (continued)
California Pollution Control Financing Authority, Solid Waste Disposal, CalPlant I Project (RB) (SAW) 7.50%, 07/01/32	$	1,360		$	1,156,000
California Pollution Control Financing Authority, Solid Waste Disposal, Waste Management, Inc. Project, Series A-1 (RB)
3.38%, 07/01/25		400			401,838
3.62%, 07/01/25 (c)		2,000			2,024,097
California Public Finance Authority, Charter Grimmway School Facility, Series A (RB) 4.25%, 07/01/26 (c)		1,000			1,016,543
California Public Finance Authority, Enso Village Project, Series B (RB) 3.12%, 11/15/23 (c)		1,500			1,408,777
California Statewide Communities Development Authority, Daughters of Charity Health System, Series A (RB) 5.75%, 05/31/22 (c)		15			14,446
California Statewide Communities Development Authority, Daughters of Charity Health System, Series G (RB) 5.50%, 05/31/22 (c)		44			41,332
California Statewide Communities Development Authority, Irvine East Campus Armaments, CHF-Irvine, LLC (RB) 5.00%, 05/15/26 (c)		300			318,876
California Statewide Communities Development Authority, Lancer Educational Student Housing Project, Series A (RB) 5.00%, 07/01/24		200			199,825
California Statewide Communities Development Authority, Loma Linda University Medical Center, Series A (RB) 5.00%, 06/01/26 (c)		350			379,852
California Statewide Communities Development Authority, NCCD-Hooper Street LLC-California College of the Arts Project (RB) 5.00%, 07/01/29		250			243,673

	Par
	(000’s		)	Value
California (continued)
California Statewide Communities Development Authority, Southern California Edison Company, Series C (RB) 2.62%, 12/01/23 (p)	$	500		$	495,394
City of Modesto, Community Center Refinancing Project, Series A (CP) (AMBAC) 5.00%, 11/01/23		15			14,866
City of Oroville Hospital (RB) 5.00%, 04/01/29 (c)		500			519,780
Compton Public Finance Authority (RB) 4.50%, 09/01/24 (c)		1,000			1,011,846
County of Sacramento, Airport System, Series C (RB) 5.00%, 07/01/27		250			270,014
County of Sacramento, Airport System, Series E (RB) 5.00%, 07/01/28		115			128,012
County of Santa Barbara, Solid Waste System, Series B (CP) (AMBAC) 5.00%, 12/01/28 (c)		520			573,977
El Centro Financing Authority, El Centro Regional Medical Center Project (RB) 4.50%, 07/01/26 (c)		580			577,558
Foothill/Eastern Transportation Corridor Agency, Toll Road Revenue, Series B-1 (RB) 6.00%, 01/15/24 (c)		450			477,790
Irvine Unified School District Community Facilities District No. 09-1, Series D (ST) 5.00%, 09/01/26		110			119,098
Lake Elsinore Public Financing Authority, Local Agency (ST) 5.00%, 09/01/24		230			240,627
Long Beach Bond Finance Authority, Natural Gas Purchase, Series A (RB) 5.50%, 11/15/30		265			300,606
Los Angeles Unified School District, Series B (CP) 5.00%, 10/01/22 (c)		165			167,183
MSR Energy Authority, Series A (RB) 6.12%, 11/01/29		280			312,426
Northern California Energy Authority, Series A (RB) 4.00%, 07/01/24 (p)		1,250			1,271,795
Oakland Unified School District (GO) 5.00%, 08/01/26		380			416,176
Palomar Health (RB)
5.00%, 11/01/25		250			266,386

	Par
	(000’s		)	Value
California (continued)
5.00%, 11/01/26 (c)	$	90		$	97,411
Port Oakland Calif Rev Inter Lien Ref Rev Bds D* (RB) 5.00%, 11/01/23		195			202,219
Poway Unified School District Public Financing Authority, Series A (ST) 5.00%, 09/01/24		110			115,209
Riverside County Public Financing Authority, Capital Facilities Project (RB) 5.00%, 11/01/23		110			114,564
San Francisco Community College District (GO)
5.00%, 06/15/25		1,000			1,073,111
5.00%, 06/15/25 (c)		205			219,860
San Francisco Redevelopment Agency, Community Facilities District No. 6, Series A (ST) 5.00%, 08/01/22 (c)		120			120,710
San Joaquin Hills Transportation Corridor Agency Senior Lien Toll Road Refunding Revenue Bonds Series A (RB) (SAW) 5.00%, 01/15/32 (c)		585			648,666
Western Hills Water District, Diablo Grande Community Facilities District No. 1 (ST) 4.00%, 09/01/21 (d) *		370			192,400
					30,726,847
Colorado: 1.9%
Arista Metropolitan District in the City and County of Broomfield, Series A (GO) 4.38%, 12/01/23 (c)		500			503,341
City & County of Denver, Colorado Airport System, Series A (RB) 5.00%, 12/01/28 (c)		295			321,657
Colorado Health Facilities Authority Revenue Bonds (Aberdeen Ridge) Series B-1 Tax Exempt Mandatory Paydown Securities-85 (Temps-85) (RB) 3.50%, 05/15/23 (c)		1,000			916,054
Colorado Public Authority, Natural Gas Purchase (RB) 6.12%, 11/15/23		70			72,533
Denver Convention Center Hotel Authority (RB) 5.00%, 12/01/26 (c)		600			635,578
Dominion Water and Sanitation District (RB) 5.25%, 05/31/22 (c)		1,180			1,205,533

	Par
	(000’s		)	Value
Colorado (continued)
Fountain Urban Renewal Authority, South Academy Highlands Project, Series A (TA) 4.50%, 11/01/25 (c)	$	615		$	584,892
Painted Prairie Public Improvement Authority (RB) 4.00%, 12/01/24 (c)		500			489,423
Public Authority for Colorado Energy, Natural Gas Purchase (RB) 6.25%, 11/15/28		140			157,256
Rocky Mountain Rail Park Metropolitan District (GO) 5.00%, 03/01/26 (c)		500			473,312
Southlands Metropolitan District No. 1, Series A-1 (GO) 3.50%, 12/01/27		200			194,326
STC Metropolitan District No. 2, Series A (GO) 4.00%, 12/01/24 (c)		500			490,636
Transport Metropolitan District No. 3 (GO) 4.12%, 03/01/26 (c)		1,000			963,251
Windler Public Improvement Authority, Series A-1 (RB) (BAM) 4.00%, 09/01/26 (c)		1,000			903,507
					7,911,299
Connecticut: 0.6%
City of Hartford, Series A (GO) 5.00%, 04/01/23 (c)		405			415,531
Connecticut State Health and Educational Facilities Authority, Masonicare Issue, Series F (RB) 4.00%, 07/01/26 (c)		120			121,928
Harbor Point Infrastructure Improvement District Special Obligation Revenue Refunding Bonds (Harbor Point Project) Series (TA) 5.00%, 04/01/27 (c)		1,000			1,073,177
Town of Hamden, Whitney Center Project (RB) 5.00%, 01/01/26 (c)		500			503,910
University of Connecticut, Series A (RB) 5.00%, 03/15/25		380			405,244
					2,519,790
Delaware: 0.1%
Delaware State Economic Development Authority, NRG Energy Project, Series A (RB) 1.25%, 10/01/25 (c) (p)		500			463,868

	Par
	(000’s		)	Value
District of Columbia: 0.4%
District of Columbia, Ingleside at Rock Creek Project, Series A (RB) 4.12%, 07/01/24 (c)	$	1,250		$	1,251,400
District of Columbia, Latin American Montessori Bilingual Public Charter School Issue (RB) 4.00%, 06/01/30		500			500,210
					1,751,610
Florida: 6.1%
Capital Projects Finance Authority, Capital Projects Loan Program - Florida Universities, Series A-1 (RB) (NATL) 5.00%, 10/01/30		500			537,615
Capital Trust Agency Revenue Bonds (The Marie Selby Botanical Gardens, Inc. Project), Series (Sustainability Bonds) (RB) 4.00%, 06/15/26 (c)		535			491,391
Capital Trust Agency, Education Growth Fund, Series A-1 (RB) 3.38%, 07/01/31		1,540			1,430,795
Capital Trust Agency, Inc., Elim Senior Housing, Inc. Project (RB) 5.00%, 08/01/24 (c)		500			453,407
Central Florida Expressway Authority, Series D (RB) (AGM) 5.00%, 07/01/31 (c)		500			573,552
City Of Orlando, Florida Senior Tourist Development Tax Refunding Revenue Bonds (6Th Cent Contract Payments), Series A (RB) (AGM) 5.00%, 11/01/27 (c)		500			560,350
City of Orlando, Tourist Development Tax, Series A (RB) (AGM) 5.00%, 11/01/27		600			674,380
City Of Pompano Beach, Florida Revenue Bonds (John Knox Village Project), Entrance Fee Principal Redemption Bonds Series B-1 (RB) 2.00%, 01/01/29		1,000			882,955
County of Broward, Florida Airport System, Series A (RB) 5.00%, 10/01/25 (c)		290			305,268
County of Miami-Dade (RB) 0.00%, 10/01/26 (c) ^		265			191,748
County of Palm Beach, Atlantic University Housing Project, Series A (RB) 5.00%, 04/01/29		500			513,207

	Par
	(000’s		)	Value
Florida (continued)
Escambia County Health Facilities Authority, Baptist Health Care Corp. Obligated Group, Series A (RB) (SAW) 5.00%, 02/15/30 (c)	$	500		$	553,413
Florida Development Finance Corp., Renaissance Chapter School, Inc. Project, Series C (RB) 4.00%, 09/15/27 (c)		470			462,755
Florida Development Finance Corp., Southwest Charter Foundation Inc. Project, Series A (RB) 5.12%, 06/15/27		250			246,837
Florida Development Finance Corp., The Glenridge on Palmer Ranch Project (RB) (SAW) 5.00%, 06/01/28 (c)		625			625,426
Florida Development Finance Corp., Virgin Trains USA Passenger Rail Project, Series A (RB)
6.25%, 01/01/24 (c) (p)		2,015			2,008,216
6.38%, 01/01/26 (c) (p)		2,730			2,693,495
6.50%, 01/01/29 (c) (p)		4,750			4,639,444
Florida Development Finance Corp., Waste Pro USA, Inc. Project (RB) 5.00%, 05/31/22 (c)		500			515,127
Hillsborough County Aviation Authority, Florida Tampa International Airport Subordinated Revenue Refunding Bonds, Series A (Amt) (RB) 5.00%, 10/01/23 (c)		500			518,092
JEA Electric System, Series Three B (RB) 5.00%, 10/01/27 (c)		110			122,833
Miami-Dade County Industrial Development Authority, NCCD-Biscayne Properties LLC Project, Series A (RB) 5.00%, 06/01/25 (c)		315			321,192
Mid-Bay Bridge Authority, First Senior Lien, Series A (RB)
5.00%, 10/01/23		250			258,658
5.00%, 10/01/24		250			261,264
Northern Palm Beach County Improvement District, Unit of Development No. 2C (SA) 4.50%, 08/01/24		125			126,715
Orlando-Orange County Expressway Authority, Series A (RB) 5.00%, 07/01/23 (c)		500			516,837

	Par
	(000’s		)	Value
Florida (continued)
Polk Country Industrial Development Authority, Florida Industrial Development (RB) 5.88%, 01/01/33	$	2,000		$	2,131,185
School Board of Miami-Dade County, Series D (CP) 5.00%, 02/01/26 (c)		120			128,477
School District of Broward County, Series B (CP) 5.00%, 07/01/27 (c)		315			344,913
School District of St. Lucie County, Sales Tax (RB) (AGM) 5.00%, 10/01/25		250			268,727
State of Florida Department of Transportation, Federal Highway, Series A (RB) (SAW) 5.00%, 07/01/23		1,000			1,032,622
Village Community Development District No. 12 (SA) (SAW) 3.80%, 05/01/28		475			473,098
Village Community Development District No. 13 (SA)
2.62%, 05/01/24		370			364,308
3.00%, 05/01/29		245			232,253
					25,460,555
Georgia: 1.4%
Atlanta Development Authorities Senior Health Care Facilities, Proton Treatment Center Project, Series A-1 (RB) 6.00%, 01/01/23		250			132,500
Burke County Development Authority, Georgia Power Company Plant Vogtle Project (RB)
2.25%, 05/25/23 (p)		250			248,423
2.92%, 03/12/24 (p)		250			249,275
Burke County Development Authority, Georgia Power Company Plant Vogtle Project, Series E (RB) 3.25%, 02/03/25 (p)		1,000			1,010,441
Floyd County Development Authority, The Spires at Berry College Project, Series A (RB) (SBG) 5.50%, 12/01/24 (c)		250			240,259
George L Smith II Congress Center Authority, Convention Center Hotel, First Ties, Series A (RB) 2.38%, 01/01/31		1,500			1,320,057

	Par
	(000’s		)	Value
Georgia (continued)
Georgia Local Government, Grantor Trust, Series A (CP) (NATL) 4.75%, 06/01/28	$	380		$	400,020
Georgia State Road and Tollway Authority (RB)
5.00%, 06/01/25		300			322,334
5.00%, 06/01/28		250			280,962
Main Street Natural Gas, Inc., Series A-1 (RB)
5.50%, 09/15/23		130			134,771
5.50%, 09/15/25		135			144,498
Main Street Natural Gas, Inc., Series C (RB) 4.00%, 09/01/26 (c) (p)		1,000			1,019,648
Marietta Development Authority, University Facilities, Life University, Inc. Project, Series A (RB) 5.00%, 11/01/27		250			261,738
White County Development Authority, Truett McConnell University Project, Series A (RB) 5.00%, 10/01/26 (c)		250			244,095
					6,009,021
Guam: 1.1%
Government Of Guam Business Privilege Tax Refunding Bonds Series F (Tax-Exempt Forward Delivery) (RB)
5.00%, 01/01/30		1,000			1,064,232
5.00%, 01/01/31		1,000			1,066,568
Guam Government, Business Privilege Tax, Series D (RB) 5.00%, 11/15/25 (c)		360			382,598
Guam Government, Department of Education, John F. Kennedy High School Refunding and Energy Efficiency Project, Series A (CP) 3.62%, 02/01/25		250			246,179
Guam Government, Hotel Occupancy Tax, Series A (RB) 5.00%, 11/01/28		250			265,302
Guam Government, Series A (RB) 5.00%, 12/01/24		1,000			1,052,320
Guam Government, Waterworks Authority, Water and Wastewater System (RB) 5.50%, 07/01/23 (c)		500			518,516
					4,595,715

	Par
	(000’s		)	Value
Hawaii: 0.4%
State of Hawaii Department of Budget & Finance, Hawaiian Electric Company, Inc., Series A (RB) 3.10%, 05/01/26	$	1,500		$	1,486,031
State of Hawaii, Department of Transportation, United Airlines, Inc. (RB) 5.62%, 05/31/22 (c)		295			295,129
					1,781,160
Illinois: 15.7%
Chicago Board of Education, Series A (GO)
5.00%, 12/01/29		1,000			1,067,887
5.00%, 12/01/29 (c)		1,000			1,064,113
5.00%, 12/01/30 (c)		2,000			2,116,304
7.00%, 12/01/25 (c)		200			224,455
Chicago Board of Education, Series A (GO) (AGM)
5.00%, 12/01/28 (c)		200			221,170
5.00%, 12/01/28 (c)		250			265,356
Chicago Board of Education, Series A (GO) (AMBAC) 5.50%, 12/01/26		230			253,251
Chicago Board of Education, Series A (GO) (NATL)
0.00%, 12/01/24 ^		310			284,711
0.00%, 12/01/26 ^		310			263,725
0.00%, 12/01/28 ^		795			621,128
Chicago Board of Education, Series B (GO)
5.00%, 12/01/29 (c)		2,000			2,119,641
5.00%, 12/01/29 (c)		1,950			2,063,368
5.00%, 12/01/29 (c)		1,250			1,329,831
5.00%, 12/01/30 (c)		3,000			3,184,590
5.00%, 12/01/30		2,000			2,140,399
Chicago Board of Education, Series B-1 (GO) (NATL) 0.00%, 12/01/23 ^		350			333,534
Chicago Board of Education, Series C (GO) 5.00%, 12/01/27		500			533,307
Chicago Midway International Airport, Series A (RB) (AGM) 5.00%, 01/01/24 (c)		750			769,716
Chicago Midway International Airport, Series B (RB) 5.00%, 01/01/24 (c)		260			269,368
Chicago O’Hare International Airport, Series B (RB)
4.00%, 05/31/22 (c)		300			300,513
5.00%, 01/01/25 (c)		190			199,569
5.00%, 01/01/25 (c)		105			110,701
Chicago School Reform Board of Trustees, Series A (GO) (NATL) 0.00%, 12/01/29 ^		575			429,667

	Par
	(000’s		)	Value
Illinois (continued)
Chicago School Reform Board of Trustees, Series B-1 (GO) (NATL)
0.00%, 12/01/24 ^	$	515		$	472,987
0.00%, 12/01/25 ^		560			495,261
0.00%, 12/01/26 ^		490			416,856
0.00%, 12/01/28 ^		1,515			1,183,659
0.00%, 12/01/29 ^		585			437,139
0.00%, 12/01/30 ^		190			135,445
Chicago Transit Authority, Federal Transit Administration Section 5307 Urbanized Area Formula (RB)
5.00%, 06/01/24		115			119,734
5.00%, 06/01/25		1,000			1,057,984
5.00%, 06/01/26		535			574,587
Chicago Transit Authority, Federal Transit Administration Section 5337 Urbanized Area Formula (RB) 5.00%, 06/01/25		1,000			1,063,437
City Of Chicago, Chicago O’Hare International Airport General Airport Senior Lien Revenue Refunding Bonds Series B (Non-Amt) (Il) (RB) 5.00%, 01/01/25 (c)		295			308,701
City of Chicago, Neighborhoods Alive 21 Program, Series B (GO)
5.00%, 01/01/25		280			293,342
5.25%, 01/01/25 (c)		350			367,783
City of Chicago, Series A (GO)
5.00%, 01/01/24 (c)		715			736,681
5.00%, 01/01/30		500			537,753
5.25%, 01/01/24 (c)		180			186,064
5.25%, 01/01/24 (c)		270			279,168
City of Chicago, Series C (GO)
5.00%, 01/01/24		400			413,424
5.00%, 01/01/25		1,090			1,141,938
City of Chicago, Water Revenue, Second Lien (RB)
5.00%, 11/01/22 (c)		100			101,378
5.00%, 11/01/24 (c)		270			282,935
5.00%, 11/01/24 (c)		150			157,444
5.00%, 11/01/24 (c)		100			104,619
City of Chicago, Water Revenue, Second Lien, Series A-1 (RB) 5.00%, 11/01/26 (c)		100			109,415
Cook County Community College District No. 508 (GO) 5.25%, 12/01/23 (c)		240			246,709
County of Cook, Series A (GO) 5.00%, 11/15/26 (c)		500			544,951

	Par
	(000’s		)	Value
Illinois (continued)
Illinois Finance Authority Charter School Revenue Bonds (Social Bonds - A.I.M. (Art In Motion) Project), Series A (Il) (RB) 4.00%, 07/01/31	$	1,000		$	877,304
Illinois Finance Authority, Admiral Lake Project (RB) 5.00%, 05/15/24 (c)		500			462,343
Illinois Finance Authority, Friendship Village of Schaumburg (RB) 5.00%, 02/15/27		1,190			863,614
Illinois Finance Authority, Lutheran Life Communities Obligated Group, Series A (RB) 5.00%, 11/01/26 (c)		250			262,569
Illinois Finance Authority, Roosevelt University (RB) 5.40%, 05/31/22 (c)		100			100,060
Illinois Finance Authority, Three Crowns Park (RB) 4.00%, 02/15/24 (c)		250			251,401
Illinois Municipal Electric Agency Power Supply System Revenue Refunding Bonds, Series A (Il) (RB) 5.00%, 08/01/25 (c)		785			842,733
Illinois Sports Facilities Authority (RB)
5.00%, 06/15/28		395			415,405
5.00%, 06/15/29		545			574,242
Illinois Sports Facilities Authority (RB) (AMBAC) 0.00%, 06/15/26 ^		260			224,866
Illinois St G.O. Bds (Il)* (GO) (NATL) 6.00%, 11/01/26		2,000			2,222,576
Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series A (RB) (NATL) 0.00%, 12/15/24 ^		130			118,743
Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series B (RB)
5.00%, 12/15/27 (c)		500			537,133
5.00%, 06/15/22 (c)		110			110,442
5.00%, 06/15/22 (c)		1,235			1,239,964
Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series B (RB) (NATL) 0.00%, 06/15/28 ^		115			91,000
Northern Illinois Municipal Power Agency, Series A (RB) 5.00%, 12/01/26 (c)		330			362,577

	Par
	(000’s		)	Value
Illinois (continued)
State of Illinois (GO)
3.50%, 06/01/26 (c)	$	1,645		$	1,582,865
3.50%, 06/01/26 (c)		350			340,371
4.00%, 05/31/22 (c)		290			290,478
4.00%, 08/01/22 (c)		185			186,006
4.12%, 11/01/26 (c)		100			100,960
4.12%, 05/31/22 (c)		300			300,492
5.00%, 01/01/26		200			212,620
5.00%, 11/01/24		705			738,817
5.00%, 12/01/25		1,315			1,396,673
5.00%, 02/01/24		500			518,579
5.00%, 02/01/24 (c)		150			155,029
5.00%, 02/01/24		120			124,459
5.00%, 02/01/26		515			548,004
5.00%, 02/01/27		500			537,250
5.00%, 02/01/27 (c)		600			638,188
5.00%, 05/01/24 (c)		100			103,579
5.00%, 05/31/22 (c)		445			446,210
5.00%, 06/01/26		100			106,788
5.00%, 06/01/26 (c)		455			484,408
5.00%, 08/01/22 (c)		920			928,437
5.00%, 08/01/23		700			720,120
5.25%, 07/01/23 (c)		275			282,546
5.50%, 07/01/23 (c)		270			278,496
5.50%, 07/01/23 (c)		500			515,631
5.50%, 07/01/23 (c)		60			61,879
State Of Illinois Build Illinois Bonds (Sales Tax Revenue Bonds), Junior Obligation Series A Of September (Il) (RB) (BAM) 4.00%, 06/15/30		1,000			1,041,363
State Of Illinois General Obligation Refunding Bonds Series Of September B (Il) (GO) 5.00%, 10/01/28 (c)		1,000			1,060,268
State of Illinois Sales Tax (RB)
4.00%, 06/15/26 (c)		810			824,176
5.00%, 06/15/23		525			538,036
5.00%, 06/15/23 (c)		285			292,154
5.00%, 06/15/23 (c)		190			194,996
5.00%, 06/15/26		235			250,151
5.00%, 06/15/31		1,000			1,095,440
State of Illinois Sales Tax (RB) (BAM) 3.00%, 06/15/31 (c)		500			433,588
State of Illinois, Series A (GO)
4.00%, 05/31/22 (c)		100			100,151
4.00%, 05/31/22 (c)		100			100,165
4.00%, 05/31/22 (c)		170			170,307
5.00%, 10/01/28		500			542,125
5.00%, 03/01/29		500			542,961
5.00%, 03/01/30		500			544,650
State of Illinois, Series B (GO)
4.00%, 10/01/30 (c)		500			500,962
5.00%, 09/01/27		600			647,001

	Par
	(000’s		)	Value
Illinois (continued)
State of Illinois, Series C (GO) 5.00%, 11/01/27 (c)	$	315		$	336,491
State of Illinois, Series D (GO)
3.25%, 11/01/26		165			164,282
5.00%, 11/01/25		1,250			1,326,379
5.00%, 11/01/26		1,395			1,495,715
5.00%, 11/01/27 (c)		110			118,182
5.00%, 11/01/27		130			140,344
					65,551,442
Indiana: 0.7%
City of Anderson, Indiana Economic Development, Anderson University (RB) 4.75%, 10/01/22 (c)		290			269,013
Indiana Finance Authority, Ohio Valley Electric Corp. Project, Series B (RB) 3.00%, 11/01/30		1,000			898,309
Indiana Finance Authority, United States Steel Corp. Project, Series A (RB) 4.12%, 12/01/26		1,000			1,011,835
The Indianapolis Local Public Improvement Bond Bank Refunding Bonds, Series D (Amt) (Indianapolis Airport Authority Project) (RB) 5.00%, 01/01/29		500			547,247
					2,726,404
Iowa: 1.4%
City of Coralville, Marriott Hotel and Convention Center, Series E (CP) 4.00%, 06/01/24 (c)		945			921,412
Iowa Finance Authority Midwestern Disaster Area Revenue Refunding Bonds (Iowa Fertilizer Company Project), Series (RB) 4.00%, 12/01/32 (c) (p)		1,000			998,281
Iowa Finance Authority, Iowa Fertilizer Co. Project (RB) 5.25%, 12/01/23 (c)		500			527,752
Iowa Finance Authority, Northcrest, Inc. Project, Series B (RB) 5.00%, 03/01/24 (c)		350			366,494
Iowa Higher Education Loan Authority, Wartburg College Project (RB) 4.00%, 10/01/25		955			951,660
PEFA, Inc. (RB) 5.00%, 09/01/26 (c) (p)		1,920			2,026,948
					5,792,547
Kansas: 0.1%
City of Goddard, Olympic Park Star Bond Project (RB) 3.60%, 12/01/22 (c)		350			328,854

	Par
	(000’s		)	Value
Kansas (continued)
Kansas Development Finance Authority, Village Shalom Project, Series B (RB) (AGC) 4.00%, 11/15/25	$	100		$	94,810
					423,664
Kentucky: 0.8%
Commonwealth of Kentucky State Property and Building Commission, Project No. 108, Series B (RB) 5.00%, 08/01/26		140			152,563
Commonwealth of Kentucky State Property and Building Commission, Project No. 112, Series B (RB) 5.00%, 11/01/26 (c)		325			355,597
Commonwealth Of Kentucky State Property And Buildings Commission Revenue Refunding Bonds, Project No. 112 Series B (RB) 5.00%, 11/01/25		630			678,885
Kentucky Asset Liability Commission Project, Federal Highway Trust, First Series A (RB)
5.00%, 09/01/23		600			622,169
5.25%, 09/01/23		250			260,051
5.25%, 09/01/23 (c)		250			260,084
Kentucky Economic Development Finance Authority, Masonic Home Independent Living II, Inc., Series A (RB) 5.00%, 05/15/26		100			102,130
Kentucky Municipal Power Agency, Prairie State Project, Series A (RB) (NATL) 5.00%, 09/01/25 (c)		175			186,097
Kentucky State Property and Building Commission No. 108, Series A (RB) 5.00%, 08/01/25 (c)		140			150,116
Louisville/Jefferson County Metro Government, Kentucky Pollution Control Revenue Bonds, Series A (Louisville Gas And Electric Company Project) (RB) 2.00%, 04/01/31 (c)		500			399,774
					3,167,466
Louisiana: 1.0%
Calcasieu Parish Service District, Lake Charles Memorial Hospital Project (RB) 5.00%, 12/01/27		1,025			1,097,263

	Par
	(000’s		)	Value
Louisiana (continued)
Calcasieu Parish Service District, Lake Charles Memorial Hospital Project (RB) (SBG) 5.00%, 12/01/29	$	150		$	162,654
City of Alexandria, Series A (RB) 5.00%, 05/01/23 (c)		1,000			1,029,432
City of New Orleans, Water System (RB) 5.00%, 12/01/25 (c)		305			330,789
City of Shreveport, Water and Sewer Revenue, Series C (RB) (BAM) 5.00%, 12/01/26		525			578,731
Louisiana Local Government Environment Facilities and Community Development Authority, St. James Place of Baton Rouge Project, Series A (RB) 5.50%, 11/15/25		600			610,757
Louisiana Public Facilities Authority, Solid Waste Disposal Revenue, Louisiana Pellets, Inc. Project (RB) 7.00%, 07/01/24 (d) *		330			3
Louisiana Public Facilities Authority, Solid Waste Disposal Revenue, 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)		500			568,893
					4,378,527
Maryland: 0.8%
City of Baltimore, East Baltimore Research Park Project, Series A (RB) 4.00%, 09/01/27		200			201,883
City of Baltimore, Harbor Point Project (RB) 4.25%, 06/01/26		150			152,808
County of Frederick, Mount Saint Mary’s University, Series A (RB) 5.00%, 09/01/27		350			361,437
County of Howard, Series A (TA) 4.00%, 02/15/26 (c)		200			199,590
Maryland Economic Development Corp., CNX Marine Terminal, Inc. Port of Baltimore Facility (RB) 5.75%, 05/31/22 (c)		695			696,531

	Par
	(000’s		)	Value
Maryland (continued)
Maryland Economic Development Corp., Metro Centre at Owings Mills Project (TA) 3.75%, 01/01/27 (c)	$	245		$	244,080
Maryland Economic Development Corp., Port Covington Project (TA) 3.25%, 09/01/30		1,000			933,537
Maryland Economic Development Corp., Transportation Facilities, Series A (RB) 5.00%, 06/01/28		425			471,113
					3,260,979
Massachusetts: 0.6%
Collegiate Charter School of Lowell (RB) 5.00%, 06/15/26 (c)		490			502,792
Massachusetts Development Finance Agency, Beth Israel Lahey Health Issue, Series K (RB) 5.00%, 07/01/28		500			552,128
Massachusetts Development Finance Agency, CareGroup Issue, Series I (RB) 5.00%, 07/01/26 (c)		310			335,206
Massachusetts Development Finance Agency, Newbridge on the Charles, Inc. (RB) 4.00%, 10/01/22 (c)		250			263,901
Massachusetts Development Finance Agency, Suffolk University (RB) 5.00%, 07/01/27 (c)		335			360,067
Massachusetts Development Finance Agency, UMass Memorial Health Care Obligated Group Issue, Series I (RB) 5.00%, 07/01/26 (c)		100			107,701
Massachusetts Educational Financing Authority (RB) 5.00%, 01/01/25 (c)		275			286,629
					2,408,424
Michigan: 1.5%
City of Detroit, Series A (GO) (SBG) 5.00%, 04/01/31 (c)		500			535,920
Grand Rapids Economic Development Corp., Beacon Hill at Eastgate, Series A (RB) 4.00%, 11/01/24 (c)		250			252,705
Great Lakes Water Authority Water Supply System Revenue Refunding Senior Lien Bonds, Series C (RB) 5.00%, 07/01/26 (c)		1,000			1,090,735

	Par
	(000’s		)	Value
Michigan (continued)
Great Lakes Water Authority, Water Supply System, Senior Lien, Series C (RB) 5.00%, 07/01/26 (c)	$	500		$	549,713
Michigan Finance Authority Higher Education, Aquinas College Project (RB) 4.00%, 05/01/31		500			461,397
Michigan Finance Authority Higher Education, Thomas M. Cooley Law School Project (RB) 6.25%, 07/01/24 (c)		1,000			1,020,706
Michigan Finance Authority Hospital, Beaumont Health Credit Group, Series A (RB) 5.00%, 08/01/24 (c)		600			630,983
Michigan Strategic Fund, I-75 Improvement Project (RB) 5.00%, 12/31/28 (c)		155			162,923
Wayne County Airport Authority, Detroit metropolitan Wayne County Airport, Series C (RB) 5.00%, 12/01/27		1,415			1,569,041
					6,274,123
Minnesota: 0.8%
City of Anoka, Homestead at Anoka, Inc. Project (RB) 4.25%, 11/01/24 (c)		100			97,985
City of Blaine, Senior Housing and Health Facility, Series A (RB) 5.12%, 07/01/25		540			506,307
City of Brooklyn Park, Charter School, Athlos Leadership Academy Project, Series A (RB) 5.25%, 07/01/25 (c)		350			354,340
Duluth Economic Development Authority, Benedictine Health System, Series A (RB) 4.00%, 07/01/26 (c)		1,000			967,860
Housing & Redevelopment Authority of The City of St Paul Minnesota (RB) 5.00%, 07/01/25 (c)		500			533,259
Minneapolis-St Paul Metropolitan Airports Commission, Series A (RB) 5.00%, 01/01/25		640			676,943
Saint Paul Housing and Redevelopment Authority, Series A (RB) 5.00%, 09/01/26		120			122,995
					3,259,689

	Par
	(000’s		)	Value
Missouri: 0.9%
City of St. Ann, Northwest Plaza Redevelopment Project, Series A (TA)
4.00%, 11/01/26	$	105		$	101,926
4.62%, 11/01/27 (c)		600			587,422
Industrial Development Authority of the City of St. Louis, Series A (RB) 3.88%, 11/15/26 (c)		220			196,181
Kansas City Land Clearance Redevelopment Authority, Convention Center Hotel Project, Series B (TA) (AMBAC) 4.38%, 02/01/28 (c)		1,915			1,738,319
Maryland Heights Industrial Development Authority, San Louis Community Ice Center Project, Series A (RB) (BAM) 4.38%, 03/15/28 (c)		400			366,599
Plaza at Noah’s Ark Community Improvement District (RB) 3.00%, 05/01/29 (c)		500			461,088
St. Louis County, Industrial Development Authority, Friendship Village St. Louis Obligated Group, Series A (RB) 5.00%, 09/01/25 (c)		500			529,114
					3,980,649
Montana: 0.1%
City of Forsyth, Rosebud County, Montana Pollution Control (RB) 2.00%, 08/01/23		220			218,842
Nebraska: 0.1%
Central Plains Energy Project, Gas Project Crossover, Series A (RB)
5.00%, 09/01/28		100			108,772
5.00%, 09/01/30		125			136,902
					245,674
Nevada: 1.1%
City of Reno, Tax Increment Senior Lien, Series C (TA) 5.40%, 05/31/22 (c)		355			312,744
City of Sparks, Tourism Improvement District No. 1, Legends at Sparks Marina (RB)
2.50%, 06/15/24		345			339,050
2.75%, 06/15/28		1,000			944,945
Clark County School District, Series A (GO) 5.00%, 06/15/24		500			525,335
Clark County School District, Series B (GO) (AGM)
5.00%, 06/15/29 (c)		250			281,276
5.00%, 06/15/29		250			282,224

	Par
	(000’s		)	Value
Nevada (continued)
Clark County School District, Series B (GO) (BAM)
5.00%, 06/15/30 (c)	$	500		$	567,717
5.00%, 06/15/30		250			285,160
Clark County School District, Series C (GO) 5.00%, 12/15/25 (c)		115			123,538
Clark County, Airport System, Series A-2 (RB) 5.00%, 07/01/24 (c)		100			105,142
Clark County, Nevada Pollution Control, Southern California Edison Company (RB) 2.10%, 06/01/31		5			4,332
State of Nevada, Department of Business and Industry, Fulcrum Sierra Biofuels, LLC Project (RB) 5.88%, 12/15/27		440			462,336
State of Nevada, Department of Business and Industry, Somerset Academy, Series A (RB) 4.50%, 12/15/25 (c)		425			432,790
					4,666,589
New Hampshire: 0.1%
National Finance Authority, Covanta Project, Series A (RB) 4.00%, 07/01/23 (c)		250			247,932
New Hampshire Health and Education Facilities Authority, Hillside Village, Series A (RB) 5.25%, 07/01/24 (c) (d) *		290			145,000
					392,932
New Jersey: 9.7%
Gloucester County, Pollution Control Financing Authority, Series A (RB) 5.00%, 12/01/24		440			456,899
New Jersey Economic Development Authority Water Facilities Refunding Revenue Bonds (New Jersey- American Water Company, Inc. Project) Series B (Non-Amt) (RB) 2.05%, 12/03/29 (p)		1,250			1,140,087
New Jersey Economic Development Authority, Continental Airlines, Inc. Project (RB)
5.12%, 08/20/22 (c)		655			666,011
5.25%, 08/20/22 (c)		2,000			2,029,327
5.75%, 09/15/22 (c)		300			302,492
New Jersey Economic Development Authority, Lions Gate Project (RB) 4.38%, 01/01/24		40			39,976

	Par
	(000’s		)	Value
New Jersey (continued)
New Jersey Economic Development Authority, Motor Vehicle Surcharges, Series A (RB)
4.00%, 07/01/27 (c)	$	760		$	766,217
5.00%, 07/01/27 (c)		1,000			1,067,295
New Jersey Economic Development Authority, New Jersey Transit Corp. Project, Series A (RB) 4.00%, 11/01/27		380			394,904
New Jersey Economic Development Authority, New Jersey Transit Corp. Project, Series B (RB)
4.00%, 11/01/25		500			517,320
5.00%, 11/01/25		115			122,776
New Jersey Economic Development Authority, New Jersey Transit Transportation Project, Series A (RB) (AGM) 5.00%, 11/01/29 (c)		110			120,369
New Jersey Economic Development Authority, School Facilities Construction, Series AAA (RB) 5.50%, 12/15/26 (c)		115			126,563
New Jersey Economic Development Authority, School Facilities Construction, Series BBB (RB) 5.50%, 12/15/26 (c)		100			112,941
New Jersey Economic Development Authority, School Facilities Construction, Series N-1 (RB) (NATL) 5.50%, 09/01/23		400			415,775
New Jersey Economic Development Authority, School Facilities Construction, Series NN (RB)
5.00%, 03/01/23 (c)		660			676,417
5.00%, 03/01/23 (c)		1,500			1,528,030
5.00%, 03/01/23 (c)		35			35,649
5.00%, 03/01/23 (c)		455			463,886
5.00%, 03/01/23 (c)		200			203,781
New Jersey Economic Development Authority, School Facilities Construction, Series PP (RB)
5.00%, 06/15/24 (c)		500			526,956
5.00%, 06/15/24 (c)		320			337,252
5.00%, 06/15/24 (c)		340			354,967
New Jersey Economic Development Authority, School Facilities Construction, Series UU (RB)
5.00%, 06/15/24 (c)		340			358,330
5.00%, 06/15/24		430			449,221

	Par
	(000’s		)	Value
New Jersey (continued)
New Jersey Economic Development Authority, School Facilities Construction, Series XX (RB)
4.25%, 06/15/25 (c)	$	440		$	456,669
4.38%, 06/15/25 (c)		130			135,138
5.00%, 06/15/25 (c)		345			366,064
New Jersey Economic Development Authority, State House Project, Series B (RB) 4.00%, 12/15/28 (c)		750			772,391
New Jersey Economic Development Authority, West Campus Housing, LLC - New Jersey City University Student Housing Project, Series A (RB) 4.12%, 07/01/25 (c)		175			163,715
New Jersey Educational Facilities Authority, Higher Education Facilities Trust (RB)
5.00%, 06/15/24 (c)		145			151,383
5.00%, 06/15/24 (c)		175			182,703
New Jersey Health Care Facilities Financing Authority, Hospital Asset Transformation Program (RB) 5.00%, 10/01/24		315			330,830
New Jersey State Turnpike Authority, Series A (RB) (AGM) 5.25%, 01/01/26		500			549,331
New Jersey Transportation Trust Fund Authority Transportation Program Bonds, Series Bb (RB) 5.00%, 12/15/31 (c)		1,000			1,082,435
New Jersey Transportation Trust Fund Authority, Series A (RB)
0.00%, 12/15/25 ^		120			105,791
0.00%, 12/15/26 ^		360			305,118
0.00%, 12/15/32 ^		5			3,218
5.00%, 12/15/24		500			527,010
5.00%, 12/15/25		500			534,739
5.00%, 12/15/26		1,050			1,136,265
5.00%, 12/15/28		885			970,093
5.00%, 12/15/28 (c)		205			222,716
5.00%, 06/15/24		300			313,410
5.00%, 06/15/26 (c)		500			531,472
5.00%, 06/15/26 (c)		395			421,706
5.00%, 06/15/31		1,100			1,206,990
5.25%, 12/15/23		270			281,072
New Jersey Transportation Trust Fund Authority, Series A-1 (RB)
5.00%, 06/15/23		410			422,378
5.00%, 06/15/26 (c)		110			118,120
5.00%, 06/15/26 (c)		845			915,210

	Par
	(000’s		)	Value
New Jersey (continued)
New Jersey Transportation Trust Fund Authority, Series AA (RB)
4.00%, 06/15/22 (c)	$	535		$	536,690
5.00%, 12/15/28 (c)		500			541,979
5.00%, 06/15/22 (c)		605			607,612
5.00%, 06/15/22 (c)		205			205,885
5.00%, 06/15/23 (c)		490			502,270
5.00%, 06/15/23		745			767,910
5.00%, 06/15/25 (c)		275			291,452
5.25%, 06/15/25 (c)		1,065			1,129,184
5.25%, 06/15/25 (c)		435			463,845
5.25%, 06/15/25 (c)		100			106,893
5.25%, 06/15/25 (c)		365			388,602
New Jersey Transportation Trust Fund Authority, Series C (RB) (AGM) 0.00%, 12/15/29 ^		290			221,580
New Jersey Transportation Trust Fund Authority, Series D (RB)
5.00%, 12/15/23		735			762,253
5.00%, 12/15/24 (c)		1,380			1,439,509
5.25%, 12/15/23		515			536,119
Newark Housing Port Authority, Marine Terminal Redevelopment Project (RB) (NATL) 5.00%, 01/01/32		120			131,013
Pollution Control Financing Authority, Chambers Project, Series A (RB) 5.00%, 12/01/23		50			51,170
State of New Jersey, COVID-19 Emergency Bond, Series A (GO)
5.00%, 06/01/26		500			539,986
5.00%, 06/01/28		990			1,095,099
State of New Jersey, Covid-19 General Emergency, Series A (GO) 5.00%, 06/01/27		500			547,193
State of New Jersey, Various Purposes (GO)
2.00%, 12/01/29 (c)		2,000			1,735,885
3.00%, 06/01/26		80			80,196
4.00%, 06/01/23 (c)		110			112,188
5.00%, 06/01/27		100			109,439
Tobacco Settlement Financing Corp., Series A (RB)
5.00%, 06/01/23		500			511,390
5.00%, 06/01/28 (c)		150			162,203
5.00%, 06/01/28		655			710,414
5.00%, 06/01/28 (c)		640			689,612
					40,396,979

	Par
	(000’s		)	Value
New Mexico: 0.6%
City Of Farmington, New Mexico Pollution Control Refunding Revenue Bonds (Southern California Edison Company Four Corners Project) Series B (Non-Amt) (RB) 1.80%, 04/01/29	$	1,000		$	885,904
City Of Farmington, New Mexico Pollution Control Revenue Refunding Bonds, Series B (Public Service Company Of New Mexico San Juan And Four Corners Projects) (RB) 2.15%, 10/01/31 (c)		1,700			1,407,608
New Mexico Hospital Equipment Loan Council, Haverland Carter Lifestyle Group, Series C (RB) 2.38%, 05/10/22 (c)		400			391,762
					2,685,274
New York: 10.2%
Brooklyn Arena Local Development Corp., Barclays Center, Series A (RB)
5.00%, 01/15/27 (c)		100			107,747
5.00%, 01/15/27 (c)		100			107,521
5.00%, 01/15/27 (c)		1,800			1,920,812
5.00%, 07/15/23		1,600			1,643,676
5.00%, 07/15/24		1,750			1,830,755
5.00%, 07/15/26		100			107,587
Build NYC Resource Corp., Brooklyn Navy Yard Cogeneration Partners, L.P. Project (RB) 5.00%, 12/31/28		1,235			1,217,064
Build NYC Resource Corporation, New World Preparatory Chapter School Project, Series A (RB) 4.00%, 06/15/31		275			265,598
Build NYC Resource Corporation, Richmond Preparatory Chapter School Project, Series A (RB) 4.00%, 06/01/29 (c)		595			566,606
County of Suffolk, Series A (GO) (AGM) 5.00%, 02/01/26		250			268,211
County of Suffolk, Series B (GO) (AGM) 5.00%, 10/15/26		250			271,049
Dormitory Authority Of The State Of New York Montefiore Obligated Group Revenue Bonds Series A (RB) 5.00%, 09/01/27		1,000			1,054,228

	Par
	(000’s		)	Value
New York (continued)
Dormitory Authority Of The State Of New York Montefiore Obligated Group Revenue Bonds, Series A (Tax-Exempt) (RB) 5.00%, 08/01/28 (c)	$	1,000		$	1,055,655
Dutchess County Local Development Corp., Health Quest System, Inc., Series B (RB)
5.00%, 07/01/26 (c)		270			291,801
5.00%, 07/01/26 (c)		275			297,633
Huntington Local Development Corp., Gurwin Independent Housing, Inc., Fountaingate Gardens Project (RB) 4.00%, 07/01/27		1,000			965,087
Metropolitan Transportation Authority, Series A-1 (RB) 5.00%, 05/15/26 (c)		250			265,338
Metropolitan Transportation Authority, Series C-1 (RB) 5.00%, 05/15/28 (c)		250			268,955
Metropolitan Transportation Authority, Series D (RB)
5.00%, 11/15/26 (c)		500			533,278
5.00%, 05/15/28 (c)		560			600,823
Metropolitan Transportation Authority, Series D-1 (RB)
5.00%, 11/15/25 (c)		250			264,084
5.00%, 11/15/25 (c)		250			264,940
Monroe County Industrial Development Corp., Rochester regional Health Project, Series A (RB) 5.00%, 12/01/30 (c)		500			562,943
Monroe County Industrial Development Corp., St. Ann’s Community Project (RB) 4.00%, 01/01/26 (c)		1,000			940,592
New York Convention Center Development Corp. (RB) 5.00%, 11/15/25 (c)		500			537,425
New York State Dormitory Authority, Montefiore Medical Center, Series A (RB)
5.00%, 08/01/24		250			257,010
5.00%, 08/01/28 (c)		945			994,669
New York State Dormitory Authority, Montefiore Obligated Group, Series A (RB) 5.00%, 08/01/28 (c)		2,395			2,514,838

	Par
	(000’s		)	Value
New York (continued)
New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds, (Casella Waste Systems, Inc Project) Series (RB) (FHA 542 (C)) 2.75%, 09/02/25 (c) (p)	$	600		$	589,285
New York Transportation Development Corp., American Airlines, Inc. John F. Kennedy International Airport Project (RB)
2.25%, 08/01/26		1,000			935,438
5.00%, 05/20/22 (c)		2,000			1,977,994
5.00%, 05/20/22 (c)		760			755,643
5.25%, 08/01/30 (c)		940			994,001
New York Transportation Development Corp., Delta Air Lines, Inc. - LaGuardia Airport Terminals C&D Redevelopment Project (RB)
4.00%, 10/01/30		2,000			1,973,235
5.00%, 01/01/28 (c)		3,255			3,423,319
5.00%, 01/01/28 (c)		785			828,137
5.00%, 01/01/28 (c)		780			825,119
New York Transportation Development Corp., John F. Kennedy International Airport Project (RB) 3.00%, 08/01/31		1,000			927,774
Niagara Area Development Corp., New York Solid Waste Disposal Facility, Series B (RB) 3.50%, 07/01/23 (c)		1,500			1,493,618
Port Authority of New York & New Jersey, Series 184 (RB)
5.00%, 10/15/25 (c)		500			536,642
5.00%, 09/01/24 (c)		250			264,037
5.00%, 09/01/24 (c)		270			284,972
Port Authority of New York & New Jersey, Series 214 (RB) 5.00%, 09/01/29 (c)		250			277,928
Syracuse Industrial Development Agency, Carousel Center Project, Series A (RB)
5.00%, 01/01/26 (c)		1,130			993,808
5.00%, 01/01/26 (c)		750			674,067
The Port Authority Of New York And New Jersey Consolidated Bonds, Two Hundred Twenty - Seventh Series (RB) 3.00%, 10/01/28		550			538,132
Town of Oyster Bay, Public Improvement, Series B (GO) (AGM) 3.25%, 02/01/26 (c)		665			678,968

	Par
	(000’s		)	Value
New York (continued)
Town of Ramapo, Public Improvement, Series A (GO) (FGIC)
4.00%, 05/15/23 (c)	$	120		$	113,240
4.12%, 05/15/23 (c)		100			93,854
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			1,130,671
TSASC, Inc., Tobacco Settlement Bonds, Series A (RB)
5.00%, 06/01/23		1,500			1,496,987
5.00%, 06/01/27		70			75,268
5.00%, 06/01/27 (c)		70			74,966
Ulster County Capital Resource Corp., Woodland Pond of New Paltz Project (RB) 4.00%, 09/15/24 (c)		375			352,745
Yonkers Economic Development Corp., Charter School of Educational Excellence Project, Series A (RB) 4.00%, 10/15/29		200			195,956
					42,481,729
North Carolina: 0.6%
North Carolina Eastern Municipal Power Agency, Series B (RB) (NATL) 6.00%, 01/01/25		125			136,209
North Carolina Medical Care Commission, Vedan Health (RB) 5.00%, 06/01/25 (c)		250			268,458
North Carolina Turnpike Authority, Triangle Expressway System (RB) 5.00%, 01/01/25		350			367,077
North Carolina Turnpike Authority, Triangle Expressway System (RB) (AGM) 5.00%, 01/01/29 (c)		500			563,336
North Carolina Turnpike Authority, Triangle Expressway System (RB) (BAM) 5.00%, 02/01/24		1,000			1,038,208
					2,373,288
North Dakota: 0.4%
County of Grand Forks, Red River Biorefinery, LLC Project, Series A (RB) 6.62%, 06/15/26 (c)		3,000			1,843,562
Ohio: 1.8%
American Municipal Power, Inc., Series A (RB) 5.00%, 02/15/29		500			563,934

	Par
	(000’s		)	Value
Ohio (continued)
County of Cuyahoga, Ohio Hospital, The Metrohealth System (RB)
5.00%, 02/15/25	$	250		$	265,280
5.00%, 02/15/26		50			53,991
5.00%, 02/15/27 (c)		110			119,780
5.00%, 02/15/27		350			383,996
Greater Cincinnati Development Authority, Convention Center Hotel Acquisition and Demolition Project, Series A (RB) 3.00%, 05/31/22 (c)		2,000			1,989,225
Ohio Air Quality Development Authority Revenue Refunding Bonds (American Electric Company Project) Series A (Non-Amt) (RB) 2.40%, 10/01/29 (c) (p)		500			465,209
Ohio Air Quality Development Authority State Of Ohio Air Quality Revenue Bonds (Ohio Valley Electric Corporation Project) Series B (RB) 1.38%, 11/01/24 (p)		1,000			946,853
Ohio Air Quality Development Authority, Ohio Valley Electric Corp. Project, Series A (RB) 3.25%, 09/01/29		2,000			1,862,175
Southern Ohio Port Authority, Purecycle Project, Series B (RB) (AGM) 10.00%, 12/01/26 (c)		1,000			1,026,462
					7,676,905
Oklahoma: 0.8%
Comanche County Hospital Authority, Series A (RB) 5.00%, 07/01/22 (c)		525			528,138
Oklahoma Development Finance Authority, OU Medicine Project, Series B (RB)
5.00%, 08/15/26		1,000			1,040,671
5.00%, 08/15/27		250			261,550
Tulsa Municipal Airport Trust, American Airlines, Inc. (RB) 5.00%, 06/01/25 (c) (p)		1,500			1,543,424
					3,373,783
Oregon: 0.1%
Oregon State Business Development Commission, Red Rock Biofuels LLC Clean Energy Project (RB) 11.50%, 04/01/26 (c) (d) *		500			30,000

	Par
	(000’s		)	Value
Oregon (continued)
Yamhill County Hospital Authority, Friendsview Retirement Community Oregon, Series A (RB) 5.00%, 11/15/24 (c)	$	325		$	327,482
					357,482
Pennsylvania: 4.9%
Allegheny County Industrial Development Authority, United States Steel Corp. Project (RB) 4.88%, 11/01/24		500			515,199
Allentown Neighborhood Improvement Zone Development Authority (RB)
5.00%, 05/01/23		355			361,679
5.00%, 05/01/27		1,250			1,334,566
5.00%, 05/01/28		875			936,508
5.00%, 05/01/28		1,895			2,023,206
Berks County Industrial Development Authority, Tower Health Project (RB)
4.00%, 11/01/27 (c)		200			192,791
5.00%, 11/01/24		1,000			1,026,322
5.00%, 11/01/25		1,000			1,034,291
5.00%, 11/01/26		400			416,500
Berks County Municipal Authority, Tower Health Project, Series A (RB)
5.00%, 02/01/30		800			842,347
5.00%, 02/01/31		425			448,261
Berks County Municipal Authority, Tower Health Project, Series B-2 (RB) 5.00%, 02/01/27 (c) (p)		1,500			1,530,773
Berks County Municipal Authority, Tower Health Project, Series B-3 (RB) 5.00%, 02/01/30 (c) (p)		500			510,481
City of Philadelphia, Gas Works, Series 13 (RB) 5.00%, 08/01/25		80			86,039
Commonwealth Financing Authority, Tobacco Master Settlement Payment (RB) 5.00%, 06/01/23		500			513,244
Dauphin County General Authority University, Harrisburg University of Science and Technology Project (RB)
4.25%, 10/15/26		500			500,957
5.00%, 10/15/27		250			257,246
5.00%, 10/15/28 (c)		500			515,543
Doylestown Hospital Authority, Series A (RB) (SBG) 5.00%, 07/01/23 (c)		250			255,349

	Par
	(000’s		)	Value
Pennsylvania (continued)
Fulton County Industrial Development Authority, The Fulton County Medical Center Project (RB) 4.00%, 07/01/26 (c)	$	580		$	576,977
Geisinger Authority Health System, Series C (RB) 5.00%, 04/01/30 (c) (p)		1,000			1,119,807
Montgomery County Industrial Development Authority, Whitemarsh Continuing Care Retirement Community Project (RB) 4.00%, 01/01/25		1,055			1,055,293
Pennsylvania Economic Development Financing Authority, The Pennsylvania Rapid Bridge Replacement Project (RB)
5.00%, 12/31/23		125			130,479
5.00%, 06/30/26		130			138,568
Pennsylvania Turnpike Commission, Series A-2 (RB) 5.00%, 06/01/26 (c)		100			107,917
Pennsylvania Turnpike Commission, Series E (RB) 6.00%, 12/01/27 (c)		645			750,042
Philadelphia Authority For Industrial Development (Philadelphia Electrical And Technology Charter School Project) Charter School Revenue Bonds, Series A (RB) 4.00%, 06/01/31		575			565,101
Philadelphia Gas Works Co., Fourteenth Series (RB) 5.00%, 10/01/26		100			108,704
State Public School Building Authority, The School District of Philadelphia Project, Series A (RB) (SAW) 5.00%, 12/01/26 (c)		200			218,751
Susquehanna Area Regional Airport Authority, Series A (RB) 5.00%, 01/01/23 (c)		500			507,178
The Hospitals and Higher Education, Facilities Authority of Philadelphia (RB)
5.00%, 07/01/26		115			123,046
5.00%, 07/01/27 (c)		275			294,865
Westmoreland County Industrial Development Authority Health System Revenue Bonds Tax-Exempt Series A (Excela Health Project) (RB) 5.00%, 07/01/29		1,450			1,635,708
					20,633,738

	Par
	(000’s		)	Value
Puerto Rico: 4.0%
Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A (RB)
5.00%, 07/01/30	$	3,000		$	3,227,683
5.25%, 07/01/22 (c)		485			487,894
Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series B (RB) 5.00%, 07/01/28		1,000			1,066,122
Puerto Rico Commonwealth Aqueduct and Sewer Authority, Series A (RB) 6.12%, 07/01/24		600			620,448
Puerto Rico Commonwealth, Series A-1 (GO) (BAM-TCRS) 4.00%, 07/01/31 (c)		2,000			1,859,602
Puerto Rico Comwlth Aqueduct & Swr Auth Rev Sr Ref Bds B* (RB) 5.00%, 07/01/31 (c)		2,000			2,131,051
Puerto Rico Comwlth Go Restructured Bds A-1* (GO) (BAM-TCRS) 5.75%, 07/01/31		2,000			2,189,009
Puerto Rico Electric Power Authority, Series UU (RB) (AGM) 5.00%, 05/31/22 (c)		250			254,468
Puerto Rico Highway & Transportation Authority, Series CC (RB) (AGM) 5.25%, 07/01/32		1,105			1,155,769
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority, AES Puerto Rico Project (RB) 6.62%, 05/31/22 (c)		100			103,371
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority, Ana G. Mendez University System Project (RB) 5.00%, 05/31/22 (c)		165			165,785
Puerto Rico Municipal Finance Agency, Series A (RB) (AGM) 5.00%, 05/31/22 (c)		780			790,713
Puerto Rico Sales Tax Financing Corp., Series A-1 (RB) 0.00%, 07/01/28 (c) ^		2,000			1,486,732
Puerto Rico Sales Tax Financing Corp., Series A-1 (RB) (AGM) 0.00%, 07/01/28 (c) ^		1,308			1,046,859
					16,585,506

	Par
	(000’s		)	Value
Rhode Island: 0.6%
Rhode Island Commerce Corp., Department of Transportation, Series A (RB)
5.00%, 05/15/30 (c)	$	900		$	1,008,061
5.00%, 05/15/30 (c)		250			278,904
Rhode Island Commerce Corp., Department of Transportation, Series B (RB) 5.00%, 06/15/26		155			167,993
Rhode Island Health and Educational Building Corp., Care New England Issue, Series B (RB) 5.00%, 09/01/26 (c)		1,000			1,053,325
Tobacco Settlement Financing Corp., Series A (RB) 5.00%, 06/01/23		115			117,751
					2,626,034
South Carolina: 0.8%
South Carolina Jobs-Economic Development Authority, High Point Academy Project, Series A (RB) 5.00%, 12/15/26 (c)		400			418,891
South Carolina Jobs-Economic Development Authority, Solid Waste Disposal, Series A (RB)
5.25%, 07/01/25 (c)		755			808,291
6.00%, 06/01/28 (c)		1,000			904,266
South Carolina Jobs-Economic Development Authority, The Woodlands at Furman (RB) 4.00%, 11/15/24 (c)		360			352,126
South Carolina Public Service Authority, Series A (RB)
5.00%, 06/01/25 (c)		290			309,010
5.00%, 06/01/26 (c)		525			563,080
					3,355,664
Tennessee: 1.0%
Blount County, Health and Educational Facilities Board, Series A (RB) 5.00%, 01/01/25 (c)		500			418,828
Memphis-Shelby County Industrial Development Board, Graceland Project, Series A (TA) 4.75%, 07/01/27		195			169,650
Tennergy Corporation Gas Supply Revenue Bonds Series A (RB) 4.00%, 09/01/28 (c) (p)		1,750			1,780,010
Tennessee Energy Acquisition Corp Gas Rev Gas Rev Bds A* (RB) 5.25%, 09/01/26		525			559,202

	Par
	(000’s		)	Value
Tennessee (continued)
Tennessee Energy Acquisition Corp., Commodity Project, Series A (RB) 5.00%, 11/01/31 (c) (p)	$	1,000		$	1,088,232
					4,015,922
Texas: 7.0%
Austin Convention Enterprises, Inc., Convention Center Hotel, First Tier, Series A (RB)
5.00%, 01/01/27 (c)		1,200			1,245,064
5.00%, 01/01/27 (c)		1,155			1,202,377
Austin Convention Enterprises, Inc., Convention Center Hotel, First Tier, Series A (RB) (SAW) 5.00%, 01/01/26		250			260,351
Austin Convention Enterprises, Inc., Convention Center Hotel, Second Tier, Series A (RB) 5.00%, 01/01/27 (c)		500			501,474
Board of Regents of the University of Texas System, Series A (RB) (AGM) 5.00%, 08/15/29 (c)		50			57,044
Calhoun County Navigation Industrial Development Authority, Max Midstream Texas LLC Project, Series A (RB) 3.62%, 07/01/24 (c)		2,465			2,401,199
Central Texas Regional Mobility Authority, Series B (RB) 5.00%, 01/01/31 (c)		750			830,751
Central Texas Regional Mobility Authority, Series C (RB) 5.00%, 01/01/26 (c)		2,000			2,119,278
Central Texas Turnpike System, Series C (RB) 5.00%, 08/15/24		120			125,342
City of Austin, Airport System (RB) 5.00%, 11/15/24 (c)		395			411,428
City of Houston, Airport System, Series C (RB) 5.00%, 07/01/27		180			194,410
City of Houston, Airport System, United Airlines, Inc. Airport Improvement Projects, Series C (RB) 5.00%, 07/15/27		1,000			1,060,313
City of Houston, Airport System, United Airlines, Inc. Terminal E Project (RB) 5.00%, 07/01/24 (c)		250			256,994
City of Houston, Airport System, United Airlines, Inc. Terminal E Project, Series A (RB) 5.00%, 07/01/27		250			265,014

	Par
	(000’s		)	Value
Texas (continued)
City of Houston, Continental Airlines, Inc., Terminal Improvement Projects (RB) 6.50%, 05/31/22 (c)	$	200		$	200,811
City Of Houston, Texas Airport System Special Facilities Revenue Refunding Bonds (United Airlines, Inc. Terminal Improvement Projects), Series B-2 (Amt) (RB) 5.00%, 07/15/27		1,750			1,855,548
City of Houston, Texas Airport System Special Facilities, United Airlines, Inc. (RB)
4.75%, 07/01/24		655			666,728
5.00%, 07/15/28		1,500			1,591,548
Clifton Higher Education Finance Corp., Series A (RB)
4.62%, 08/15/25		80			82,219
5.12%, 08/15/25 (c)		200			210,368
6.00%, 03/01/24 (c)		1,345			1,404,930
Clifton Higher Education Finance Corp., Series D (RB) 5.25%, 08/15/25 (c)		500			532,967
Gulf Coast Industrial Development Authority, CITGO Petroleum Corp. Project (RB) 4.88%, 10/01/22 (c)		335			334,953
Harris County, Houston Sports Authority, Junior Lien, Series H (RB) (NATL) 0.00%, 11/15/29 ^		315			229,471
Lower Colorado River Authority, LCRA Transmission Services Corp. Project (RB)
5.00%, 05/15/25 (c)		335			358,094
5.00%, 05/15/29 (c)		200			223,223
Matagorda County District No. 1, Pollution Control, Series B (RB) (AMBAC) 4.55%, 05/01/30		105			111,385
Matagorda County Navigation District No. 1, Series A (RB) (AMBAC) 4.40%, 05/01/30		1,035			1,096,095
Matagorda County Navigation District No. 1, Series A (RB) (BAM) 2.60%, 11/01/29		2,000			1,857,468
Mesquite Health Facility Development Corp., Christian Care Centers, Inc. Project (RB) (NATL) 5.00%, 02/15/26 (c) (d) *		300			234,000

	Par
	(000’s		)	Value
Texas (continued)
New Hope Cultural Education Facilities Finance Corp., Carillon Lifecare Community Project (RB) 4.00%, 07/01/24 (c)	$	1,000		$	926,894
New Hope Cultural Education Facilities Finance Corp., Cumberland Academy, Series A (RB) 4.00%, 08/15/25 (c)		1,000			985,391
New Hope Cultural Education Facilities Finance Corp., Legacy Preparatory Charter Academy, Series A (RB) 5.25%, 02/15/23 (c)		225			231,700
New Hope Cultural Education Facilities Finance Corp., MRC Crestview Project (RB) 5.00%, 11/15/24 (c)		850			916,655
New Hope Cultural Education Facilities Finance Corp., NCCD-College Station Properties LLC, Series A (RB)
5.00%, 07/01/23		100			95,000
5.00%, 07/01/24		100			95,000
North Texas Tollway Authority, First Tier, Series D (RB) (AGC) 0.00%, 01/01/29 ^		405			323,921
North Texas Tollway Authority, Second Tier, Series B (RB) 5.00%, 01/01/26 (c)		185			199,083
Port Beaumont Navigation District, Texas Dock & Wharf Facility, Series A (RB) 2.62%, 07/01/23 (c)		550			479,576
SA Energy Acquisition Public Facility Corp. (RB)
5.50%, 08/01/24		55			58,090
5.50%, 08/01/25		125			134,469
5.50%, 08/01/27		110			122,085
Tarrant County Cultural Education Facilities Finance Corp., MRC Stevenson Oaks Project, Series A (RB) 6.25%, 11/15/27 (c)		250			265,271
Tarrant County Cultural Education Facilities Finance Corp., Retirement Facility (RB) 4.00%, 05/15/24 (c)		225			226,302
Tarrant County Cultural Education Facilities Finance Corp., Retirement Facility, Series A (RB) 6.00%, 05/15/27 (c)		500			522,324
Texas Municipal Gas Acquisition & Supply Corp. III (RB)
5.00%, 12/15/28		350			374,573
5.00%, 12/15/32		1,015			1,103,534

	Par
	(000’s		)	Value
Texas (continued)
Texas Municipal Gas Acquisition and Supply Corp. I, Senior Lien, Series A (RB)
5.25%, 12/15/23	$	15		$	15,569
5.25%, 12/15/24		60			63,152
5.25%, 12/15/25		100			106,786
					29,166,222
Utah: 0.4%
Salt Lake City, Utah Salt Lake City International Airport Airport Revenue Bonds, Series A (Amt) (RB) 5.00%, 07/01/31		500			553,344
Utah Charter School Finance Authority Charter School Revenue Refunding Bonds (The Freedom Academy Foundation Project) Series (RB) 4.50%, 06/15/27		1,000			1,011,956
					1,565,300
Virgin Islands: 0.8%
Matching Fund Special Purpose Securitization Corp., Virgin Island, Series A (RB) 5.00%, 10/01/32		1,000			1,045,392
Virgin Islands Public Finance Authority, Virgin Islands Gross Receipts Taxes Loan Note, Series C (RB)
5.00%, 10/01/24 (c)		1,000			986,668
5.00%, 10/01/24		300			300,628
Virgin Islands Water & Power Authority, Series B (RB)
5.00%, 05/31/22 (c)		620			588,314
5.00%, 05/31/22 (c)		75			73,040
5.00%, 05/31/22 (c)		150			148,152
5.00%, 05/31/22 (c)		55			52,996
					3,195,190
Virginia: 1.3%
Amherst Industrial Development Authority (RB) 4.75%, 05/31/22 (c)		140			128,476
Chesapeake Bay Bridge and Tunnel District, First Tier (RB) 5.00%, 11/01/23		500			516,422
Peninsula Town Center Community Development Authority (RB) 4.50%, 09/01/27 (c)		325			319,019
Roanoke County Economic Development Authority, Series A (RB) 4.75%, 09/01/26 (c)		1,835			1,574,779
Roanoke Economic Development Authority, Residential Care Facility (RB) 4.30%, 09/01/27 (c)		1,525			1,239,786

	Par
	(000’s		)	Value
Virginia (continued)
Virginia College Building Authority, Marymount University Project, Series B (RB) 5.25%, 07/01/25 (c)	$	710		$	725,483
Virginia Small Business Financing Authority, Senior Lien 95 Express Lanes, LLC Project (RB) 5.00%, 01/01/32 (c)		1,000			1,099,178
					5,603,143
Washington: 1.9%
King County Public Hospital District No. 4, Snoqualmie Valley Hospital, Series A (RB) 5.00%, 12/01/25		140			141,453
Klickitat County Public Hospital District No 2 (RB) 4.00%, 12/01/27		880			829,272
Washington Health Care Facilities Authority, CommonSpirit Health, Series B-2 (RB) 5.00%, 08/01/25 (c) (p)		480			506,376
Washington State Convention Center Public Facilities District (RB) 4.00%, 07/01/31		2,250			2,177,588
Washington State Convention Center Public Facilities District, Series B (RB) 4.00%, 07/01/31 (c)		250			243,627
Washington State Convention Center Public Facilities District, Series B (RB) (AGM) 4.00%, 07/01/31 (c)		1,000			981,159
Washington State Housing Finance Commission Nonprofit Housing Revenue Bonds (Rockwood Retirement Communities Project) Series A Tax Exempt Fixed Rate Bonds (RB) 5.00%, 01/01/26 (c)		1,100			1,052,765
Washington State Housing Finance Commission, Herons Key Senior Living, Series A (RB) 6.00%, 07/01/25		985			1,023,895
Washington State Housing Finance Commission, Presbyterian Retirement Communities Northwest Projects, Series A (RB)
3.75%, 07/01/26		250			246,673
4.00%, 01/01/25 (c)		500			496,449
5.00%, 01/01/25 (c)		365			368,600

	Par
	(000’s		)	Value
Washington (continued)
Washington State Housing Finance Commission, Transforming Age Projects, Series B (RB) 2.38%, 05/31/22 (c)	$	100		$	94,973
					8,162,830
West Virginia: 0.3%
County of Ohio, Fort Henry Centre Tax Increment Financing District No. 1, The Highlands Project (TA)
3.00%, 06/01/22 (c)		415			407,688
4.75%, 06/01/22 (c)		680			680,150
West Virginia Hospital Finance Authority, West Virginia University Health System Obligated Group, Series A (RB) 5.00%, 06/01/26		150			161,756
					1,249,594
Wisconsin: 2.0%
Public Finance Authority, American Dream at Meadowlands Project, Series A (RB) 6.75%, 08/01/31		1,275			1,180,393
Public Finance Authority, Celanese Corp., Series C (RB) 4.30%, 05/01/26 (c)		1,000			1,027,326
Public Finance Authority, Friends Homes (RB) 4.00%, 09/01/24		165			167,721
Public Finance Authority, Friends Homes (RB) (SAW) 4.00%, 09/01/26 (c)		500			506,003
Public Finance Authority, Living Community First Mortgage (RB) 4.25%, 05/01/27 (c)		480			415,904
Public Finance Authority, North Carolina Charter Educational Foundation Project, Series A (RB) 4.10%, 06/15/26		600			569,187
Public Finance Authority, Penick Village (RB) 4.00%, 09/01/26 (c)		545			507,745
Public Finance Authority, Phoenix Academy Project, Series A (RB) 5.00%, 06/15/24 (c)		250			244,258
Public Finance Authority, Prime Healthcare Foundation, Inc., Series A (RB) 5.00%, 12/01/27		1,765			1,839,755
Public Finance Authority, Waste Management, Inc. Project, Series A-1 (RB) 2.62%, 11/01/25		1,050			1,021,036

The summary of inputs used to value the Fund’s investments as of April 30, 2022 is as follows:

	Par (000’s		)	Value
MUNICIPAL BONDS: 98.3%
Alabama: 2.9%
Alabama Federal Aid Highway Finance Authority, Series A (RB) 5.00%, 09/01/27 (c)	$	500		$	560,305
Alabama Federal Aid Highway Finance Authority, Series B (RB) 5.00%, 09/01/23		125			129,635
Black Belt Energy Gas District, Series A (RB) 4.00%, 06/01/25		255			259,487
Black Belt Energy Gas District, Series A (RB) (SAW)
4.00%, 12/01/23 (c) (p)		470			475,747
5.00%, 12/01/23		860			884,982
Black Belt Energy Gas District, Series C-1 (RB) 4.00%, 12/01/26 (c) (p)		1,000			1,016,715
County of Jefferson, Series A (GO)
5.00%, 04/01/24		290			303,766
5.00%, 04/01/25		340			363,390
Industrial Development Board of the City of Mobile, Alabama Power Company Barry Plant Project, Series A (RB) 1.00%, 06/26/25 (p)		1,500			1,412,888
Jefferson County (RB) 5.00%, 09/15/22		375			379,586
Lower Alabama Gas District, Project No. 2 (RB) (SAW) 4.00%, 12/01/25 (c) (p)		1,500			1,529,246
Southeast Alabama Gas Supply District, Series A (RB) 4.00%, 06/01/24 (c) (p)		250			253,645
Tuscaloosa City Board of Education (RB)
5.00%, 08/01/26 (c)		1,055			1,163,023
5.00%, 08/01/26 (c)		825			909,473
					9,641,888
Arizona: 1.4%
City of Phoenix Civic Improvement Corp., Junior Lien Airport, Series D (RB) 5.00%, 07/01/23		250			257,805
City of Phoenix Civic Improvement Corp., Senior Lien Airport, Series B (RB) 5.00%, 07/01/24		200			210,284
City of Tucson, Water System (RB) 5.00%, 07/01/25		450			484,744
Gilbert Water Resource Municipal Property Corp. (RB) 5.00%, 07/01/25		400			431,517

	Par (000’s		)	Value
Arizona (continued)
Maricopa County Industrial Development Authority, Banner Health, Series A (RB) 5.00%, 01/01/26	$	700		$	753,286
Maricopa County Special Health Care District, Series C (GO) 5.00%, 07/01/24		250			262,908
Pima County (GO) 4.00%, 07/01/23		310			316,974
Salt River Project Agricultural Improvement & Power District, Series A (RB)
5.00%, 01/01/26		500			544,061
5.00%, 01/01/27		500			553,790
State of Arizona (RB)
5.00%, 07/01/23		500			516,837
5.00%, 07/01/26		305			335,072
					4,667,278
California: 14.0%
Anaheim Housing and Public Improvements Authority, Series B (RB) 5.00%, 04/01/23 (c)		250			256,996
Bay Area Toll Authority (RB) 2.95%, 04/01/26 (c) (p)		1,205			1,191,478
Bay Area Toll Authority, Series B (RB) 2.85%, 04/01/25 (c) (p)		395			390,931
Bay Area Toll Authority, Series G (RB) 2.00%, 04/01/24 (c) (p)		725			716,399
California Health Facilities Financing Authority Revenue Bonds, Series C (Providence St. Joseph Health) Term Rate Bonds (RB) 5.00%, 10/01/25 (p)		585			622,527
California Health Facilities Financing Authority, Providence St. Joseph Health, Series B-2 (RB) 4.00%, 10/01/24 (c) (p)		500			516,883
California Health Facilities Financing Authority, Providence St. Joseph Health, Series B-3 (RB) 2.00%, 10/01/25 (c) (p)		335			327,871
California Infrastructure And Economic Development Bank Refunding Revenue Bonds (The J. Paul Getty Trust), Series B Consisting Of Series B-2 (RB) 3.00%, 10/01/26 (c) (p)		500			506,113

	Par (000’s		)	Value
California (continued)
California State Public Works Board, Department of Corrections and Rehabilitation, Series D (RB) 5.00%, 09/01/23	$	1,215		$	1,260,705
California State Public Works Board, Various Capital Projects, Series B (RB)
5.00%, 10/01/22		450			456,553
5.00%, 10/01/26		885			972,038
California State Public Works Board, Various Capital Projects, Series C (RB) 5.00%, 03/01/25		320			341,276
California State Public Works Board, Various Capital Projects, Series D (RB) 5.00%, 09/01/26		500			548,388
Chino Basin Regional Financing Authority, Series B (RB) 4.00%, 08/01/25 (c)		405			422,906
City & County of San Francisco, Series R-1 (GO) 5.00%, 06/15/25		250			269,290
City and County of San Francisco, Series B (CP)
5.00%, 10/01/25 (c)		430			464,822
5.00%, 04/01/25		100			106,879
City of Los Angeles, Department of Airports, Los Angeles International Airport, Series B (RB) 5.00%, 05/15/26		500			545,999
City of San Francisco, Public Utilities Commission Water Revenue, Series B (RB) 5.00%, 11/01/24 (c)		200			212,905
County of Sacramento, Airport System, Series B (RB) 5.00%, 07/01/25		240			256,114
Foothill / Eastern Transn Corridor Agy Calif Toll Rd Rev Rev Bds 1995 A* (RB) 0.00%, 01/01/27 ^		500			441,703
Golden State Tobacco Securitization Corp., Tobacco Settlement, Series A (RB) 5.00%, 06/01/22		500			501,503
Grossmont-Cuyamaca Community College District (GO) 5.00%, 08/01/24		265			279,992
Los Angeles Community College District, Series J (GO) 3.00%, 08/01/23		500			506,453
Los Angeles Department of Water & Power, Series A (RB)
5.00%, 07/01/23		600			620,134
5.00%, 07/01/25		285			307,005

	Par (000’s		)	Value
California (continued)
Los Angeles Department of Water & Power, Series B (RB)
5.00%, 07/01/23	$	550		$	568,456
5.00%, 07/01/24		250			263,720
Los Angeles Department of Water & Power, Series C (RB) 5.00%, 07/01/24		250			263,720
Los Angeles Department of Water and Power, Series B (RB) 5.00%, 06/01/25 (c)		295			317,234
Los Angeles Unified School District, Series A (GO)
5.00%, 07/01/22		500			503,071
5.00%, 07/01/24		875			923,019
5.00%, 07/01/26		800			876,222
Los Angeles Unified School District, Series B (GO) 5.00%, 07/01/23		130			134,454
Los Angeles Unified School District, Series C (GO) 5.00%, 07/01/25		1,250			1,343,353
Metropolitan Water District of Southern California, Series B (RB)
5.00%, 07/01/23 (c)		450			465,228
5.00%, 07/01/24 (c)		1,000			1,054,879
Municipal Improvement Corp. of Los Angeles, Series B (RB) 5.00%, 11/01/23		250			260,643
Northern California Energy Authority, Series A (RB)
4.00%, 07/01/24 (p)		1,500			1,526,154
5.00%, 07/01/24		275			286,074
Oakland Unified School District (GO) 5.00%, 08/01/23		430			445,635
Oakland Unified School District, Series A (GO) 5.00%, 08/01/23		350			362,726
Orange County Transportation Authority, I-405 Improvement Project (RB)
4.00%, 10/15/24		675			699,898
5.00%, 10/15/24		750			795,394
Orange County Water District, Series A (CP) 2.00%, 02/15/23 (c)		205			204,852
Public Utilities Commission of the City and County of San Francisco, Wastewater Revenue, Series B (RB) 2.12%, 10/01/23 (c) (p)		930			926,518
Riverside County Transportation Commission, Series B (RB) 5.00%, 06/01/25		250			268,458

	Par (000’s		)	Value
California (continued)
Sacramento County, Airport System, Series B (RB) 5.00%, 07/01/23	$	300		$	309,646
Sacramento Municipal Utility District, Series B (RB) 5.00%, 10/15/25 (c) (p)		485			515,277
San Bernardino County, Series A (CP) 5.00%, 10/01/26		345			379,989
San Juan Unified School District (GO) 3.38%, 08/01/25		260			267,046
Southern California Public Power Authority. Windy Point/Windy Flats Project (RB) 5.00%, 01/01/24 (c)		725			757,048
State of California Department of Water Resources (RB) 5.00%, 12/01/26		500			555,048
State Of California Various Purpose General Obligation Refunding Bonds (GO) 5.00%, 12/01/27		500			560,728
State of California, Various Purpose (GO)
3.00%, 03/01/26		1,000			1,016,147
4.00%, 10/01/25		600			629,113
4.00%, 10/01/27		1,100			1,173,825
4.00%, 11/01/24		300			311,314
4.00%, 03/01/24		500			515,904
4.00%, 08/01/26		285			302,050
5.00%, 10/01/23		250			260,076
5.00%, 10/01/24		100			106,135
5.00%, 10/01/24		555			589,047
5.00%, 10/01/25		835			903,503
5.00%, 10/01/27		500			559,401
5.00%, 10/01/27		1,000			1,118,802
5.00%, 10/01/27		530			592,965
5.00%, 11/01/23		525			547,198
5.00%, 11/01/25		500			541,929
5.00%, 11/01/26		915			1,010,922
5.00%, 12/01/25		460			499,388
5.00%, 04/01/24		300			315,406
5.00%, 04/01/25		300			321,336
5.00%, 04/01/27		750			832,795
5.00%, 08/01/24		325			343,679
5.00%, 08/01/25		1,500			1,617,598
5.00%, 08/01/26		295			324,455
5.00%, 09/01/22		265			268,283
5.00%, 09/01/23		1,000			1,038,291
5.00%, 09/01/25		300			324,066

	Par (000’s		)	Value
California (continued)
State Public Works Board Of The State Of California Lease Revenue Bonds (Department Of General Services) Series C (Sacramento Region New Natural Resources Headquarters) (Green Bonds- Climate Bond Certified) (RB) 5.00%, 11/01/27	$	525		$	584,106
Tobacco Securitization Authority of Southern California, Series A-1 (RB) (AGM) 5.00%, 06/01/23		480			490,929
					46,017,016
Colorado: 1.1%
City of Colorado Springs, Utilities System (RB) 5.00%, 11/15/25		500			542,693
Colorado Health Facilities Authority, Sanford, Series A (RB) 5.00%, 11/01/25		500			537,586
Douglas County School District No. RE-1 (GO) (SAW) 5.00%, 12/15/24		1,000			1,067,331
Larimer County School District No. R-1 (GO) (SAW) 5.00%, 12/15/23		450			469,966
State Of Colorado Rural Colorado Certificates Of Participation Series A (CP) 5.00%, 12/15/26		500			551,527
State of Colorado, Series K (CP) 5.00%, 03/15/26		385			420,616
					3,589,719
Connecticut: 3.4%
City Of New Haven, Connecticut General Obligation Refunding Bonds, Series B (GO) 5.00%, 08/01/26		500			542,780
Connecticut Housing Finance Authority, Housing Mortgage Program, Sereies B-5 (RB) 0.45%, 05/15/24 (c) (p)		250			237,208
Connecticut State Health and Educational Facilities Authority, Nuvance Health Issue, Series A (RB) 5.00%, 07/01/25		1,000			1,054,718
Connecticut State Health and Educational Facilities Authority, Yale University Issue, Series C-2 (RB) 5.00%, 02/01/23 (p)		390			398,497
State Of Connecticut General Obligation Bonds Series A (GO) 5.00%, 04/15/27		700			774,688

	Par (000’s		)	Value
Connecticut (continued)
State Of Connecticut Health And Educational Facilities Authority Revenue Bonds, Stamford Hospital Issue, Series L-1 (RB) 4.00%, 07/01/27	$	500		$	518,648
State Of Connecticut Special Tax Obligation Bonds Transportation Infrastructure Purposes, Series A (ST) 5.00%, 05/01/26		1,015			1,106,412
State of Connecticut, Series A (GO)
5.00%, 04/15/23		375			385,827
5.00%, 04/15/23		265			272,651
State of Connecticut, Series B (GO)
4.00%, 05/15/23		375			382,752
5.00%, 01/15/23		250			255,721
State of Connecticut, Series C (GO) 5.00%, 06/15/26		300			327,710
State of Connecticut, Series D (GO)
5.00%, 04/15/26		1,040			1,132,733
5.00%, 08/15/23		300			311,158
State of Connecticut, Series E (GO)
5.00%, 10/15/22		350			355,549
5.00%, 09/15/25		270			291,162
State of Connecticut, Special Tax Obligation, Series A (GO) 5.00%, 04/15/23		375			385,827
State of Connecticut, Special Tax Obligation, Series A (RB)
5.00%, 01/01/23		300			306,236
5.00%, 09/01/22		325			328,700
State of Connecticut, Special Tax Obligation, Series B (RB) 5.00%, 10/01/23		200			207,605
State of Connecticut, State Revolving Fund, Series B (RB) 5.00%, 06/01/26		275			301,316
University of Connecticut, Series A (RB)
5.00%, 04/15/24		575			602,144
5.00%, 04/15/26		550			597,103
					11,077,145
Delaware: 0.7%
Delaware State Economic Development Authority, Delmarva Power and Light Co. Project, Series A (RB) (AGM) 1.05%, 07/01/25 (p)		1,000			943,454
Delaware State Economic Development Authority, NRG Energy Project, Series A (RB) 1.25%, 10/01/25 (c) (p)		500			463,868

	Par (000’s		)	Value
Delaware (continued)
Delaware Transportation Authority (RB) 5.00%, 07/01/26	$	500		$	549,090
State of Delaware, Series A (GO) 5.00%, 10/01/25		410			445,598
					2,402,010
District of Columbia: 1.1%
District of Columbia, Series A (GO) 5.00%, 06/01/22		440			441,315
District of Columbia, Series B (GO) 5.00%, 06/01/25		120			128,933
District of Columbia, Series C (RB) 5.00%, 10/01/26		785			867,028
District of Columbia, Series D (GO) 5.00%, 06/01/25		315			338,451
District of Columbia, Series E (GO) 5.00%, 06/01/25		500			537,223
Washington Metropolitan Area Transit Authority, Series A-1 (RB)
5.00%, 07/01/24		225			237,153
5.00%, 07/01/25		100			107,594
5.00%, 07/01/27		200			222,736
Washington Metropolitan Area Transit Authority, Series B (RB)
5.00%, 07/01/25		300			322,784
5.00%, 07/01/26		300			328,956
					3,532,173
Florida: 2.7%
Central Florida Expressway Authority Senior Lien Refunding Revenue Bonds, Series (RB) (AGM) 5.00%, 07/01/27		500			553,023
Central Florida Expressway Authority, Series B (RB) 5.00%, 07/01/26		300			327,097
City Of Cape Coral, Florida Utility Improvement Refunding Assessment Bonds (Various Areas), Series (SA) (AGM) 2.75%, 09/01/25		500			501,527
City of Jacksonville, Series B (RB)
5.00%, 10/01/24		265			280,489
5.00%, 10/01/25		1,020			1,099,516
City of Orlando, Senior Tourist Development Tax, 6th Cent Contract Payments, Series A (RB) (AGM) 5.00%, 11/01/26		500			553,537

	Par (000’s		)	Value
Florida (continued)
City of Orlando, Tourist Development Tax, Series A (RB) (AGM) 5.00%, 11/01/27	$	760		$	854,215
County of Miami-Dade (RB) 5.00%, 10/01/25		280			301,638
County of Miami-Dade, Capital Asset Acquisition, Series B (RB) 5.00%, 04/01/25		350			373,366
Florida Department of Management Services (CP) 5.00%, 11/01/26		250			273,980
Lee County School Board, Series A (CP) 5.00%, 08/01/24		375			395,794
Miami-Dade County, Florida Water And Sewer System Revenue Refunding Bonds, Series B (RB) 5.00%, 10/01/27		500			556,466
School District of Broward County, Series C (CP) 5.00%, 07/01/24		340			358,364
State Of Florida Department Of Management Services Florida Facilities Pool Revenue Refunding Bonds, Series A (RB) 5.00%, 09/01/25		750			810,165
State of Florida, Board of Education, Lottery Revenue, Series A (RB)
5.00%, 07/01/23		450			464,943
5.00%, 07/01/24		650			685,530
State of Florida, Board of Education, Public Education Capital Outlay, Series B (GO) 5.00%, 06/01/23		130			134,147
State of Florida, Department of Management Services, Series A (RB) 5.00%, 09/01/23		180			186,892
					8,710,689
Georgia: 3.8%
Burke County Development Authority, Series F (RB) 3.00%, 02/01/23 (p)		500			502,883
City of Atlanta, Water and Wastewater, Series A (RB) 5.00%, 11/01/24		500			531,262
County of Forsyth (GO) 5.00%, 09/01/25		280			303,675
Georgia Ports Authority Revenue Bonds, Series (RB) 5.00%, 07/01/27		500			558,119
Main Street Natural Gas, Inc., Series A (RB)
4.00%, 09/01/23 (c) (p)		500			508,291

	Par (000’s		)	Value
Georgia (continued)
4.00%, 09/01/27 (c) (p)	$	1,250		$	1,284,370
Main Street Natural Gas, Inc., Series B (RB) 4.00%, 12/02/24 (c) (p)		1,500			1,537,389
Main Street Natural Gas, Inc., Series C (RB)
4.00%, 06/01/23		500			508,068
4.00%, 09/01/26 (c) (p)		3,250			3,313,855
Private Colleges & Universities Authority, Emory University, Series A (RB) 5.00%, 09/01/26		360			394,376
State of Georgia, Series A (GO)
5.00%, 02/01/23		160			163,943
5.00%, 02/01/25		250			267,701
5.00%, 08/01/25		350			378,805
5.00%, 08/01/26		700			772,269
State of Georgia, Series C (GO) 5.00%, 07/01/24		250			264,262
State of Georgia, Series E (GO) 5.00%, 12/01/24		1,100			1,173,657
					12,462,925
Hawaii: 0.5%
City & County of Honolulu, Rail Transit Project, Series E (GO) 5.00%, 03/01/27		500			554,659
City And County Of Honolulu General Obligation Bonds Series E (Honolulu Rail Transit Project) (GO) 5.00%, 03/01/26		785			855,470
State of Hawaii, Series FN (GO) 5.00%, 10/01/24		110			116,802
State of Hawaii, Series FT (GO) 5.00%, 01/01/23		100			102,152
					1,629,083
Illinois: 5.1%
Chicago O’Hare International Airport, Series B (RB) 5.00%, 01/01/25 (c)		750			785,812
Chicago O’Hare International Airport, Series B (RB) (AGM) 5.00%, 01/01/26		500			537,700
Chicago O’Hare International Airport, Series C (RB)
5.00%, 01/01/23		650			662,472
5.00%, 01/01/24		115			119,524
5.00%, 01/01/26		315			338,751
Chicago Transit Authority, Federal Transit Administration Section 5307 Urbanized Area Formula (RB)
5.00%, 06/01/23		350			360,254
5.00%, 06/01/25		340			359,715
City Of Chicago General Obligation Bonds Series A (Il) (GO) 4.00%, 01/01/31 (c)		500			483,026

	Par (000’s		)	Value
Illinois (continued)
City of Chicago, Series A (GO) 5.00%, 01/01/27	$	500		$	531,392
Community College District No. 512, Counties of Cook, Kane, Lake, and McHenry, Series B (GO) 5.00%, 12/01/25		200			216,697
Cook County, Series A (GO) 5.00%, 11/15/26		300			326,837
Illinois Finance Authority State Of Illinois Clean Water Initiative Revolving Fund Revenue Bonds, Series (Green Bonds) (Il) (RB)
5.00%, 01/01/28		500			556,644
5.00%, 07/01/27		685			759,380
Illinois Finance Authority, Clean Water Initiative (RB)
4.00%, 01/01/23		310			314,438
5.00%, 01/01/23		250			255,213
5.00%, 01/01/24		155			161,743
5.00%, 01/01/25		600			636,857
5.00%, 07/01/22		340			342,060
Illinois Finance Authority, Clean Water Initiative (RB) (AGM) 5.00%, 07/01/24		500			525,493
Illinois Finance Authority, Northwestern Memorial Healthcare, Series A (RB) 5.00%, 07/15/23		250			258,598
Illinois Finance Authority, Series A (RB) (BAM) 5.00%, 08/15/25		1,255			1,343,385
Illinois State Toll Highway Authority, Series A (RB) 5.00%, 01/01/27		415			456,194
Illinois State Toll Highway Authority, Series C (RB) 5.00%, 01/01/27		650			714,520
Regional Transportation Authority of Illinois, Series A (RB) 5.00%, 07/01/24		495			521,951
Sales Tax Securitization Corp., Series A (RB) 5.00%, 01/01/23		370			377,889
State of Illinois (GO) 5.00%, 02/01/23		350			356,844
State of Illinois (GO) (AGC)
5.50%, 05/01/24		250			262,492
5.50%, 05/01/25		335			358,020
State of Illinois, Series B (GO)
5.00%, 12/01/24		130			136,301
5.00%, 09/01/25		400			423,578
State of Illinois, Series D (GO)
5.00%, 11/01/22		470			476,691
5.00%, 11/01/23		500			516,653
5.00%, 11/01/25		1,345			1,427,184

	Par (000’s		)	Value
Illinois (continued)
5.00%, 11/01/26	$	800		$	857,758
					16,762,066
Indiana: 0.8%
City of Indianapolis, Water System, Series A (RB) 5.00%, 10/01/25		500			540,679
Indiana Finance Authority, Indiana University Health, Series C (RB) 5.00%, 12/01/23		500			520,256
Indiana Finance Authority, Series C (RB)
5.00%, 12/01/24		575			612,758
5.00%, 12/01/25		260			281,984
Indiana Finance Authority, Series E (RB)
5.00%, 02/01/24		500			523,204
5.00%, 02/01/25		250			266,738
					2,745,619
Iowa: 0.6%
Iowa Finance Authority (RB) 5.00%, 08/01/23		250			259,028
PEFA, Inc. (RB) 5.00%, 09/01/26 (c) (p)		1,500			1,583,553
					1,842,581
Kansas: 0.1%
Johnson County Unified School District No. 233, Series B (GO) 5.00%, 09/01/22		350			354,136
Kentucky: 2.0%
Kentucky Public Energy Authority, Gas Supply, Series A (RB) 4.00%, 06/01/26 (c) (p)		1,500			1,536,511
Kentucky Public Energy Authority, Gas Supply, Series B (RB)
4.00%, 01/01/25 (c) (p)		1,085			1,107,289
4.00%, 07/01/23		200			203,066
Kentucky Public Energy Authority, Gas Supply, Series C-1 (RB) 4.00%, 06/01/25 (c) (p)		1,100			1,115,977
Kentucky State Property & Building Commission (RB) 5.00%, 05/01/26		275			298,461
Kentucky Turnpike Authority, Series B (RB) 5.00%, 07/01/24		125			131,023
Louisville & Jefferson County, Metro Government, Louisville Water Co. (RB) (SAW) 5.00%, 11/15/26		250			276,847
Louisville & Jefferson County, Metro Government, Norton Healtcare, Inc., Series C (RB) 5.00%, 10/01/26 (c) (p)		1,000			1,091,374

	Par (000’s		)	Value
Kentucky (continued)
Public Energy Authority Of Kentucky Gas Supply Revenue Bonds, Series C (Fixed Rate) (RB) 4.00%, 02/01/28 (c) (p)	$	895		$	913,121
					6,673,669
Louisiana: 0.5%
East Baton Rouge Sewerage Commission, Series A (RB) (NATL) 5.00%, 02/01/27		250			276,821
Louisiana Public Facilities Authority, Ochsner Clinic Project, Series B (RB) (SAW) 5.00%, 05/15/25 (c) (p)		500			531,912
Louisiana State Citizens Property Insurance Corp. (RB) 5.00%, 06/01/23		590			607,861
State of Louisiana, Series A (GO) 5.00%, 03/01/26		335			364,051
					1,780,645
Maine: 0.2%
State of Maine, Series B (GO) (SBG) 5.00%, 06/01/25		500			538,610
Maryland: 2.8%
County of Baltimore, Equipment Acquisition Program (CP)
5.00%, 03/01/25		295			315,614
5.00%, 03/01/26		1,125			1,225,992
County of Montgomery, Consolidated Public Improvement, Series A (GO) 5.00%, 11/01/26		265			293,732
Maryland Stadium Authority, Baltimore City Public Schools, Series A (RB) 5.00%, 05/01/23		320			329,226
Maryland State Transportation Authority (RB) 5.00%, 07/01/23		750			774,729
Prince George’s County, Series A (GO) 5.00%, 07/15/25		425			459,132
State of Maryland, Department of Transportation (RB)
5.00%, 10/01/26		595			656,650
5.00%, 05/01/23		500			514,766
5.00%, 09/01/24		165			174,919
State of Maryland, Series B (GO)
5.00%, 08/01/24		550			582,479
5.00%, 08/01/25		500			540,662
State of Maryland, State and Local Facilities Loan, First Series (GO) 5.00%, 06/01/22		790			792,362

	Par (000’s		)	Value
Maryland (continued)
State of Maryland, State and Local Facilities Loan, First Series A (GO) 5.00%, 03/15/24	$	1,500		$	1,575,853
State of Maryland, State and Local Facilities Loan, First Series C (GO) 5.00%, 08/01/24		250			264,763
State of Maryland, State and Local Facilities Loan, Second Series A (GO) 5.00%, 08/01/25		500			540,662
					9,041,541
Massachusetts: 3.0%
Commonwealth of Massachusetts, Federal Highway Grant Anticipation, Series A (RB) 5.00%, 06/15/23 (c)		860			885,190
Commonwealth of Massachusetts, Series A (GO)
5.00%, 01/01/26		250			271,574
5.00%, 01/01/27		710			785,393
Commonwealth of Massachusetts, Series C (GO)
5.00%, 10/01/26		400			440,567
5.00%, 10/01/27		535			598,845
Commonwealth of Massachusetts, Series D (GO)
5.00%, 07/01/23		900			931,150
5.00%, 07/01/27		250			278,804
Commonwealth of Massachusetts, Series E (GO)
3.00%, 12/01/25		750			763,176
5.00%, 11/01/26		295			325,398
Commonwealth of Massachusetts, Series E (GO) (AGM) 5.00%, 09/01/26		250			274,947
Massachusetts Bay Transportation Authority Subordinated Sales Tax Bonds Series A, Subseries A-1 & Subseries A-2 (Sustainability Bonds) (RB) 5.00%, 07/01/24		515			542,705
Massachusetts Department of Transportation, Metropolitan Highway System, Series A (RB) 5.00%, 01/01/23 (c) (p)		275			279,582
Massachusetts Development Finance Agency, Broad Institute (RB) 5.00%, 04/01/26		450			490,652
Massachusetts Development Finance Agency, Harvard University Issue, Series A (RB)
5.00%, 10/15/25		900			978,329

	Par (000’s		)	Value
Massachusetts (continued)
5.00%, 10/15/26	$	500		$	554,418
Massachusetts Development Finance Agency, Partners Healthcare System, Series S-4 (RB) 5.00%, 01/25/24 (p)		250			259,184
Massachusetts Housing Finance Agency Housing Bonds, Series B-2 (Non-Amt) (Sustainability Bonds) (RB) 0.90%, 12/01/24 (c)		1,000			902,801
Massachusetts Water Resources Authority (RB)
5.00%, 08/01/23		170			176,053
5.00%, 08/01/23		50			51,724
					9,790,492
Michigan: 1.0%
Great Lakes Water Authority Water Supply System (RB) 5.00%, 07/01/24		590			616,278
Michigan State Building Authority, Series I (RB) 5.00%, 04/15/26		250			273,867
Regents of University of Michigan, Series A (RB) 5.00%, 04/01/23		500			513,887
State of Michigan, Grant Anticipation (RB)
5.00%, 03/15/24		650			679,461
5.00%, 03/15/26		1,065			1,154,103
Wayne County Airport Authority, Series C (RB) 5.00%, 12/01/23		145			150,714
					3,388,310
Minnesota: 1.2%
Minneapolis-St Paul Metropolitan Area, Series C (GO) 5.00%, 12/01/26		1,000			1,111,013
Regents of University of Minnesota, Series B (RB) 5.00%, 12/01/22		480			489,849
State of Minnesota, Various Purpose, Series A (GO) 5.00%, 08/01/24		1,200			1,271,134
State of Minnesota, Various Purpose, Series D (GO)
5.00%, 08/01/22		510			514,589
5.00%, 08/01/26		400			441,467
					3,828,052
Mississippi: 0.2%
County of Warren, Mississippi Gulf Opportunity Zone, international Paper Company Project, Series A (RB) 1.38%, 06/16/25 (p)		400			379,779

	Par (000’s		)	Value
Mississippi (continued)
County of Warren, Mississippi Gulf Opportunity Zone, international Paper Company Project, Series C (RB) 1.38%, 06/16/25 (p)	$	400		$	379,903
					759,682
Missouri: 1.2%
City of St. Louis, St. Louis Lambert International Airport, Series A (RB) (AGM) 5.00%, 07/01/23		1,000			1,029,822
Health & Educational Facilities Authority, Long-Term Rate Health Facilities, Series B (RB) 4.00%, 05/01/26 (p)		1,500			1,558,879
Health & Educational Facilities Authority, Mercy Health, Series A (RB) 5.00%, 06/01/25		150			159,789
Missouri Highways and Transportation Commission, Third Lien, Series B (RB) 5.00%, 11/01/25		500			541,057
Missouri State Environmental Improvement and Energy Resources Authority, Water Pollution Control and Drinking Water, Series B (RB) 5.00%, 07/01/25 (c)		500			539,079
					3,828,626
Nebraska: 1.4%
Central Plains Energy Project, Gas Project Crossover, Series A (RB)
5.00%, 01/01/24 (c)		350			359,791
5.00%, 01/01/24 (c) (p)		500			513,153
Central Plains Energy Project, Gas Supply (RB) 2.50%, 08/01/25 (c) (p)		1,550			1,513,161
Central Plains Energy Project, Gas Supply (RB) (AGM) 4.00%, 08/01/25 (c) (p)		2,000			2,044,062
					4,430,167
Nevada: 0.7%
County of Clark, Nevada Highway, Motor Vehicle Fuel Tax, Series C (RB) 5.00%, 07/01/26		290			317,270
County of Clark, Nevada McCarran International Airport, Series A (RB) 5.00%, 07/01/23		300			309,366
County of Clark, School District, Series A (GO) 5.00%, 06/15/23		250			257,688
County of Clark, Series B (GO) 5.00%, 11/01/23		450			468,683

	Par (000’s		)	Value
Nevada (continued)
Las Vegas Valley Water District, Nevada General Obligation Water Refunding Bonds Series A (Limited Tax) (Additionally Secured By Snwa Pledged Revenues) (GO) 5.00%, 06/01/26	$	500		$	548,458
State of Nevada, Highway Improvement, Motor Vehicle Fuel Tax (RB) 5.00%, 12/01/24		300			319,700
					2,221,165
New Jersey: 3.1%
City of Newark, Series A (GO) (AGM) 5.00%, 10/01/26		300			325,983
New Jersey Economic Development Authority, New Jersey Transit Corp. Project, Series B (RB) 5.00%, 11/01/24		100			105,166
New Jersey Economic Development Authority, School Facilities Construction, Series QQQ (RB) 5.00%, 06/15/26		455			489,058
New Jersey Educational Facilities Authority, Princeton University, Series B (RB) 5.00%, 07/01/25		1,000			1,080,062
New Jersey Educational Facilities Authority, Princeton University, Series I (RB) 5.00%, 07/01/25		225			243,014
New Jersey Health Care Facilities Financing Authority, AHS Hospital Corp. (RB) 5.00%, 07/01/23		300			309,822
New Jersey Health Care Facilities Financing Authority, Hospital Asset Transportation Program (RB) 5.00%, 10/01/26		500			539,605
New Jersey Health Care Facilities Financing Authority, Valley Health System (RB) 5.00%, 07/01/26		300			328,087
New Jersey Higher Education Student Assistance Authority, Series A (RB) (AGM) 5.00%, 12/01/23		500			520,652
New Jersey Sports & Exposition Authority, Series A (RB) 5.00%, 09/01/24		890			933,331
New Jersey Transportation Trust Fund Authority, Series A (RB)
5.00%, 12/15/23		1,175			1,218,568

	Par (000’s		)	Value
New Jersey (continued)
5.00%, 06/15/24	$	1,410		$	1,481,444
State of New Jersey, Covid-19 General Emergency, Series A (GO) 5.00%, 06/01/27		500			547,192
State of New Jersey, Various Purposes (GO)
2.00%, 06/01/25		500			482,279
2.00%, 06/01/26		500			474,111
5.00%, 06/01/22		800			802,219
Tobacco Settlement Financing Corp., Series A (RB) 5.00%, 06/01/23		290			296,606
					10,177,199
New Mexico: 1.3%
City Of Farmington, New Mexico Pollution Control Revenue Refunding Bonds, (Public Service Company Of New Mexico San Juan Project) Series A (Non-Amt) (RB) 0.88%, 10/01/26 (p)		1,000			899,522
New Mexico Finance Authority, Series D (RB) 5.00%, 06/01/22		325			325,987
New Mexico Municipal Energy Acquisition Authority, Gas Supply (RB) (SBG) 5.00%, 05/01/25 (c) (p)		1,165			1,229,879
State of New Mexico, Series A (GO)
5.00%, 03/01/23		320			328,201
5.00%, 03/01/27		315			350,798
State of New Mexico, Series B (GO)
5.00%, 03/01/23		340			348,713
5.00%, 03/01/25		250			267,824
State of New Mexico, Series B (RB) 4.00%, 07/01/23		505			516,184
					4,267,108
New York: 14.4%
Build NYC Resource Corp., Chapin School Ltd. Project (RB) 5.00%, 11/01/26		270			299,153
City of New York, Series A (GO)
4.00%, 08/01/23		250			255,879
5.00%, 08/01/22		670			676,096
5.00%, 08/01/23		100			103,573
5.00%, 08/01/24		1,500			1,581,490
City of New York, Series B-1 (GO) 5.00%, 10/01/22		500			507,322
City of New York, Series C (GO)
5.00%, 08/01/24		750			790,745
5.00%, 08/01/25		1,325			1,423,303

	Par (000’s		)	Value
New York (continued)
City of New York, Series C and D (GO)
5.00%, 08/01/23	$	320		$	331,435
5.00%, 08/01/26		325			354,846
City of New York, Series C-1 (GO) (SD CRED PROG) 4.00%, 08/01/27		660			699,147
City of New York, Series E (GO) 5.00%, 08/01/24		255			268,853
City of New York, Series F-1 (GO) 5.00%, 03/01/27		410			451,492
City of New York, Series J-9 (GO) 5.00%, 08/01/26		500			545,918
City of Yonkers, Series C (GO) (BAM) 5.00%, 10/01/23		100			103,817
County of Nassau, Series C (GO) 5.00%, 10/01/24		200			211,449
Dormitory Authority Of The State Of New York State Personal Income Tax Revenue Bonds (General Purpose) Series D (Tax- Exempt) (RB) (AGM) 5.00%, 02/15/27		515			569,639
Dormitory Authority Of The State Of New York State Personal Income Tax Revenue Bonds (General Purpose), Series A (Tax- Exempt) (RB) 5.00%, 03/15/26		500			544,904
Hudson Yards Infrastructure Corp., Series A (RB) 5.00%, 02/15/23		100			102,416
Long Island Power Authority Electric System General Revenue Bonds, Series (RB) (BAM) 5.00%, 09/01/26		1,010			1,113,836
Metropolitan Transportation Authority, Series A-1 (RB) 5.00%, 11/15/24 (p)		1,500			1,573,167
Metropolitan Transportation Authority, Series A-2 (RB) (SD CRED PROG) 5.00%, 05/15/24 (p)		1,160			1,215,153
Metropolitan Transportation Authority, Series B (RB)
5.00%, 11/15/23		290			300,867
5.00%, 11/15/24		390			410,935
5.00%, 11/15/26		255			274,498
5.00%, 11/15/26		500			538,231
Metropolitan Transportation Authority, Series C-1 (RB)
5.00%, 11/15/23		500			518,751
5.00%, 11/15/25		875			932,640

	Par (000’s		)	Value
New York (continued)
Monroe County Industrial Development Agency, Rochester Schools Modernization Project (RB) (SAW) 5.00%, 05/01/23	$	250		$	257,358
New York City Housing Development Corp., Multi- Family Housing, Series F-2 (RB) (FHA 542 (C)) 0.60%, 07/01/25 (c) (p)		305			281,372
New York City Housing Development Corporation Multi-Family Housing Revenue Bonds Series A-1 (Sustainable Development Bonds) (RB) (FHA 542(C)) 1.10%, 11/01/27		495			443,551
New York City Industrial Development Agency, Queens Baseball Stadium Project, Series A (RB) (AGM) 5.00%, 01/01/27		750			810,106
New York City Municipal Water Finance Authority Water And Sewer System Second General Resolution Revenue Bonds Fiscal Subseries Cc-2 (RB) 5.00%, 12/15/25 (c)		500			540,163
New York City Transitional Finance Authority Future Tax Secured Subordinate Bonds, Fiscal Series A Subseries A-1 Tax-Exempt Bonds (RB) 5.00%, 11/01/26		1,000			1,100,811
New York City Transitional Finance Authority Future Tax Secured, Series A (RB) 5.00%, 11/01/27		440			490,724
New York City Transitional Finance Authority, Building Aid, Series S-1 (RB) (SAW)
5.00%, 07/15/24		550			581,318
5.00%, 07/15/25		570			615,442
5.00%, 07/15/26		315			344,591
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series C-1 (RB) 5.00%, 05/01/23		575			592,211
New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series D-1 (RB) 5.00%, 11/01/25		350			378,618
New York City Water & Sewer System, Series AA (RB) 4.00%, 06/15/24		500			516,769

	Par
	(000’s		)	Value
New York (continued)
New York City Water & Sewer System, Series BB-2 (RB) 5.00%, 12/15/23 (c)	$	700		$	730,147
New York City Water & Sewer System, Series BB-2 (RB) (AGM) 5.00%, 12/15/24 (c)		430			458,049
New York State Dormitory Authority, Health Facilities Improvement (RB) (SAW) 5.00%, 01/15/23		300			306,568
New York State Dormitory Authority, Income Tax, Series A (RB)
5.00%, 02/15/23		220			225,489
5.00%, 02/15/25		140			149,489
5.00%, 03/15/27		300			333,013
New York State Dormitory Authority, Montefiore Medical Center, Series A (RB)
5.00%, 08/01/24		300			308,412
5.00%, 08/01/25		815			845,818
New York State Dormitory Authority, New York Cornell University, Series A (RB) 5.00%, 07/01/26		700			769,307
New York State Dormitory Authority, New York University, Series A (RB) 5.00%, 07/01/24		110			116,084
New York State Dormitory Authority, Personal Income Tax, Series A (RB) 5.00%, 03/15/27		500			553,815
New York State Dormitory Authority, Personal Income Tax, Series B (RB) 5.00%, 02/15/26		935			1,017,355
New York State Dormitory Authority, School District Financing Program, Series A (RB) (SAW)
5.00%, 10/01/25		435			470,390
5.00%, 10/01/26		400			439,865
New York State Dormitory Authority, School Districts Bond Financing Program, Series B (RB) 5.00%, 10/01/24		300			317,969
New York State Dormitory Authority, Sloan-Kettering Cancer Center (RB) 5.00%, 07/01/26		470			514,197
New York State Dormitory Authority, State Personal Income Tax, Series A (RB)
5.00%, 03/15/23		290			297,825
5.00%, 03/15/26		700			762,866

	Par
	(000’s		)	Value
New York (continued)
New York State Dormitory Authority, State Personal Income Tax, Series B (RB) 5.00%, 02/15/27	$	510		$	564,109
New York State Dormitory Authority, State Personal Income Tax, Series D (RB) 5.00%, 02/15/23		1,070			1,096,723
New York State Dormitory Authority, State Personal Income Tax, Series D (RB) (BAM) 5.00%, 02/15/25		1,000			1,067,778
New York State Dormitory Authority, State Sales Tax, Series A (RB) 5.00%, 03/15/23		845			867,801
New York State Dormitory Authority, State Sales Tax, Series C (RB)
5.00%, 03/15/24		155			162,809
5.00%, 03/15/25		1,035			1,109,095
New York State Dormitory Authority, State Sales Tax, Series E (RB) 5.00%, 03/15/26		680			742,118
New York State Dormitory Authority, State University Dormitory Facilities, Series A (RB) 5.00%, 07/01/25		500			537,973
New York State Housing Finance Agency, Series I (RB) (SAW) 1.75%, 05/20/22 (c)		750			735,312
New York State Housing Finance Agency, Series L-2 (RB) 0.75%, 05/20/22 (c)		750			692,997
New York State Thruway Authority, Series L (RB) 5.00%, 01/01/24		165			172,205
New York State Urban Development Corp., State Personal Income, Series A (RB)
5.00%, 03/15/23		790			811,317
5.00%, 03/15/25		500			534,790
5.00%, 03/15/27		690			764,265
New York State Urban Development Corp., State Personal Income, Series E (RB) 5.00%, 03/15/25		500			534,790

	Par
	(000’s		)	Value
New York (continued)
New York State Urban Development Corporation State Personal Income Tax Revenue Bonds (General Purpose), Series A (RB) 5.00%, 03/15/26 (c)	$	500		$	540,495
Town of Oyster Bay, New York Public Improvement (GO) 4.00%, 03/01/24		500			513,165
Town of Oyster Bay, New York Public Improvement (GO) (AGM) 4.00%, 03/01/26		250			260,681
Town of Oyster Bay, New York Public Improvement, Series B (GO) (AGM) 3.25%, 02/01/26		530			538,211
Triborough Bridge & Tunnel Authority, Series A-2 (RB) 2.00%, 05/15/26 (p)		875			845,769
Triborough Bridge & Tunnel Authority, Series C-1B (RB) 5.00%, 05/15/26 (p)		500			539,035
TSASC, Inc., Tobacco Settlement Bonds, Series A (RB) 5.00%, 06/01/22		500			501,078
Utility Debt Securitization Authority (RB) 5.00%, 06/15/22 (c)		285			286,235
Utility Debt Securitization Authority, Series B (RB) 5.00%, 12/15/22 (c)		320			326,359
					47,014,357
North Carolina: 2.0%
Charlotte-Mecklenburg Hospital Authority, Carolinas Healthcare System, Series A (RB) 4.00%, 01/15/23		115			116,706
City of Charlotte, North Carolina Water & Sewer System (RB) 5.00%, 07/01/23		500			517,013
County of Guilford, Series B (GO) 5.00%, 05/01/24		500			526,510
County of Wake (GO) 5.00%, 04/01/27		300			335,467
County of Wake (RB) 5.00%, 09/01/26		375			414,039
County of Wake, Series A (GO) 5.00%, 03/01/25		250			268,179
North Carolina Turnpike Authority, Triangle Expressway System (RB) (BAM) 5.00%, 02/01/24		2,125			2,206,191

	Par
	(000’s		)	Value
North Carolina (continued)
State of North Carolina, Department of State Treasurer, Series B (GO) 5.00%, 06/01/25	$	970		$	1,046,102
State of North Carolina, Grant Anticipation Vehicle (RB) 5.00%, 03/01/23		500			512,604
State of North Carolina, Series B (GO) 5.00%, 06/01/23		575			593,405
					6,536,216
Ohio: 2.4%
City of Cleveland, Ohio Airport System, Series B (RB) (AGM) 5.00%, 01/01/23		260			265,162
County of Allen, Ohio Hospital Facilities, Mercy Health, Series A (RB)
5.00%, 08/01/25		100			107,032
5.00%, 08/01/26		410			445,935
County of Hamilton, Ohio Hospital Facilities, Trihealth, Inc., Series A (RB) 5.00%, 08/15/27		270			299,260
County of Hamilton, Sales Tax, Series A (RB) 5.00%, 12/01/25		500			540,496
Lancaster Port Authority (RB) (SBG) 5.00%, 02/01/25 (c) (p)		300			313,685
Ohio Turnpike and Infrastructure Commission, Series A (RB) 5.00%, 02/15/26		460			500,864
Ohio Water Development Authority, Water Pollution Control, Series A (RB) 5.00%, 06/01/26		250			274,433
State of Ohio Hospital, Cleveland Clinic Health System, Series A (RB) 5.00%, 01/01/25		1,325			1,409,207
State of Ohio, Cleveland Clinic Health System, Series A (RB) 5.00%, 01/01/26		500			541,506
State of Ohio, Common School, Series B (GO) 5.00%, 09/15/25		100			108,241
State of Ohio, Higher Education, Series C (GO) 5.00%, 08/01/27		500			559,077
State of Ohio, Higher Educational Facility, Case Western Reserve University Project (RB) 5.00%, 12/01/23		560			583,929
State of Ohio, Highway Capital Improvement, Series T (GO) 5.00%, 11/01/22		675			686,690

	Par
	(000’s		)	Value
Ohio (continued)
State of Ohio, Highway Capital Improvement, Series U (GO) 5.00%, 05/01/23	$	1,000		$	1,029,632
State of Ohio, Miami University (RB) 5.00%, 09/01/25		115			123,463
					7,788,612
Oklahoma: 0.4%
Canadian County Educational Facilities Authority, Mustang Public Schools (RB) 5.00%, 09/01/26 (c)		535			587,695
Oklahoma County Independent School District No. 89, Series A (GO) 1.25%, 07/01/24		450			432,133
Tulsa Public Facilities Authority (RB) 3.00%, 06/01/25		350			350,072
					1,369,900
Oregon: 0.6%
City of Portland, Sewer System, Series A (RB) 5.00%, 05/01/26		350			383,052
City of Portland, Sewer System, Series A (RB) (AGM) 5.00%, 03/01/26		500			545,458
Linn and Benton Counties School District No. 8J (GO) (SBG) 5.00%, 06/15/26		350			383,762
Multnomah County School District No. 1J, Series B (GO) (SBG) 5.00%, 06/15/25		500			538,893
					1,851,165
Pennsylvania: 3.0%
Allegheny County Hospital Development Authority, Series A (RB) 5.00%, 07/15/25		300			320,458
City of Philadelphia, Series A (GO)
5.00%, 08/01/24		200			210,821
5.00%, 08/01/25		300			322,257
5.00%, 08/01/25		245			263,177
Commonwealth Financing Authority, Tobacco Master Settlement Payment (RB) 5.00%, 06/01/23		250			256,622
Commonwealth Of Pennsylvania General Obligation Bonds, First Refunding Series (GO) 5.00%, 08/15/25		565			610,331
Commonwealth of Pennsylvania, First Series (GO)
5.00%, 01/01/26		560			607,507

	Par
	(000’s		)	Value
Pennsylvania (continued)
5.00%, 01/01/27	$	315		$	347,429
5.00%, 02/01/26		415			450,914
Commonwealth of Pennsylvania, Second Series (GO)
5.00%, 01/15/23		370			378,466
5.00%, 09/15/22		590			597,786
County of Lehig, Valley Health Network, Series A (RB) (SBG) 5.00%, 07/01/26		600			650,010
Delaware River Port Authority, Series B (RB)
5.00%, 01/01/25		350			373,082
5.00%, 01/01/26		1,170			1,271,819
Montgomery County, Higher Education and Health Authority, Thomas Jefferson University, Series A (RB) 5.00%, 09/01/23		500			518,140
Northampton County, General Purpose Authority (RB) 5.00%, 11/01/23		150			156,115
Pennsylvania Economic Development Financing Authority (RB) 5.00%, 11/15/25		325			349,213
Pennsylvania State University, Series B (RB) 5.00%, 09/01/22		350			354,183
Pennsylvania Turnpike Commission, Series B-2 (RB) 5.00%, 06/01/26		500			542,190
Philadelphia Authority for Industrial Development (RB) 5.00%, 10/01/24		400			420,499
Philadelphia School District, Series F (GO) (SAW) 5.00%, 09/01/25		660			705,309
Southeastern Pennsylvania Transportation Authority, Federal Transit Administration Section 5337 (RB) 5.00%, 06/01/23		115			118,681
					9,825,009
Rhode Island: 0.3%
State of Rhode Island and Providence Plantations, Series B (GO) 5.00%, 08/01/26		300			331,228
Tobacco Settlement Financing Corporation Tobacco Settlement Asset-Backed Bonds, Series A (RB) 5.00%, 06/01/25 (c)		500			524,072
					855,300

	Par
	(000’s		)	Value
South Carolina: 1.0%
County of Charleston, Series C (GO) (SAW) 5.00%, 11/01/24	$	510		$	543,164
County of Richland, Series A (GO) (SAW) 5.00%, 03/01/26		500			547,181
Patriots Energy Group Financing Agency, Series A (RB) 4.00%, 02/01/24 (c) (p)		1,765			1,790,871
State of South Carolina, Series B (GO) (SAW) 5.00%, 04/01/24		350			367,957
					3,249,173
Tennessee: 1.5%
Memphis-Shelby County Industrial Development Board, Series B (RB) 5.00%, 11/01/26 (c)		720			790,079
Metropolitan Government of Nashville & Davidson County (GO)
5.00%, 07/01/24		200			211,149
5.00%, 07/01/26		525			575,673
Metropolitan Government of Nashville & Davidson County, Series C (GO) (SBG) 5.00%, 01/01/24		500			522,334
Shelby County, Tennessee Health, Educational and Housing Facility Board, Methodist Le Bonheur Healthcare, Series A (RB) 5.00%, 05/01/26		450			488,391
Tennessee Energy Acquisition Corp., Gas Project (RB) 4.00%, 11/01/25 (c) (p)		1,775			1,809,965
Tennessee Energy Acquisition Corp., Series A (RB) 4.00%, 05/01/23 (c) (p)		560			564,581
					4,962,172
Texas: 7.3%
Austin Independent School District, Unlimited Tax School Buildings (GO) 5.00%, 08/01/26		500			548,233
Bexar County Hospital District (GO)
5.00%, 02/15/24		725			758,169
5.00%, 02/15/26		350			380,960
Board of Regents of the University of Texas System, Series H (RB) 5.00%, 08/15/23		275			284,979
City of Austin, Texas Electric Utility System, Series A (RB) 5.00%, 11/15/30 (c)		750			830,861

	Par
	(000’s		)	Value
Texas (continued)
City of Austin, Texas Water & Wastewater System (RB) 5.00%, 11/15/25	$	790		$	856,062
City of Denton, Utility System (RB) 5.00%, 12/01/26		310			342,291
City of Houston, Airport System, Series D (RB)
5.00%, 07/01/23		500			515,610
5.00%, 07/01/24		250			262,639
City of Houston, Series A (GO) 5.00%, 03/01/23		250			256,365
City of San Antonio, Electric and Gas Systems (RB) 5.00%, 08/01/26 (c)		630			687,328
City of San Antonio, General Improvement (GO) 5.00%, 08/01/25		500			539,524
City Of San Antonio, Texas Electric And Gas Systems Revenue And Refunding Bonds, New Series (RB) 5.00%, 02/01/27 (c)		400			439,909
Colorado River Municipal Water District (RB)
5.00%, 01/01/24		115			119,926
5.00%, 01/01/26		655			710,327
Comal Independent School District, Unlimited Tax School Buildings (GO) 5.00%, 02/01/26		775			842,936
Conroe Independent School District, Unlimited Tax School Buildings, Series A (GO) 5.00%, 02/15/27		2,000			2,215,989
Dallas County, Combination Tax and Parking Garage (GO) 5.00%, 08/15/23		375			388,656
Dallas Fort Worth International Airport, Series B (RB) 5.00%, 11/01/25		200			214,896
Grand Parkway Transportation Corp. (RB) 5.00%, 02/01/23		325			331,302
Harris County, Cultural Education Facilities Finance Corp., Texas Children’s Hospital, Series A (RB) 5.00%, 10/01/24		500			529,104
Harris County, Series A (GO) 5.00%, 10/01/22		320			324,660
Hays Consolidated Independent School District, Series A (GO) 3.00%, 02/15/26		500			506,928
Houston Independent School District (GO) 5.00%, 07/15/25		320			345,391

	Par
	(000’s		)	Value
Texas (continued)
Houston Independent School District, Limited Tax School House (GO)
5.00%, 02/15/24	$	155		$	162,396
5.00%, 02/15/26		250			271,926
Houston Independent School District, Limited Tax School House, Series A (GO) 5.00%, 02/15/23		650			665,959
Houston Independent School District, Maintenance Tax Notes (GO) 5.00%, 07/15/26		455			500,597
New Hope Cultural Education Facilities Finance Corp., Children’s Health System, Series A (RB) 5.00%, 08/15/23		160			165,847
North Texas Tollway Authority System Revenue And Refunding Bonds, First Tier Bonds, Series A (RB) 5.00%, 01/01/26 (c)		595			642,447
North Texas Tollway Authority, First Tier, Series A (RB) 5.00%, 01/01/25		150			159,493
Northside Independent School District (GO) 0.70%, 06/01/25 (p)		500			468,221
Port Houston Authority of Harris County, Texas Unlimited Tax, Series A-2 (GO)
5.00%, 10/01/24		500			530,674
5.00%, 10/01/25		500			541,531
Round Rock Independent School District (GO) 5.00%, 08/01/26		570			627,154
San Antonio Water System, Series A (RB) 2.00%, 05/15/25		300			294,312
State of Texas, Water Infrastructure Fund, Series B-2 (GO) 5.00%, 08/01/24 (c)		430			454,327
State of Texas, Water Infrastructure Fund, Series B-3 (GO)
5.00%, 08/01/23		400			414,243
5.00%, 08/01/24		250			264,481
5.00%, 08/01/25		500			539,849
Texas A&M University, Series D (RB) 5.00%, 05/15/26		820			897,414
Texas Municipal Gas Acquisition & Supply Corp. III (RB) 5.00%, 12/15/26		600			635,017

	Par
	(000’s		)	Value
Texas (continued)
Texas Water Development Board (RB)
5.00%, 08/01/23	$	350		$	362,682
5.00%, 08/01/25		225			242,640
Texas Water Development Board, Series A (RB) 5.00%, 04/15/23		340			349,817
Texas Water Development Board, Series B (RB) 5.00%, 10/15/24		500			530,754
University of Houston, Series A (RB) 5.00%, 02/15/26		1,000			1,088,457
					24,043,283
Utah: 1.3%
Central Utah Water Conservancy District, Series B (RB) 5.00%, 10/01/25		955			1,033,999
County of Utah, IHL Health Services Inc., Series B-1 (RB) 5.00%, 08/01/24 (c) (p)		1,000			1,050,297
County of Utah, IHL Health Services Inc., Series B-2 (RB) 5.00%, 08/01/24 (c) (p)		500			520,669
State of Utah (GO)
5.00%, 07/01/23		500			516,896
5.00%, 07/01/25		290			313,310
5.00%, 07/01/25		300			324,114
5.00%, 07/01/26		500			551,379
University of Utah, Series A (RB) 5.00%, 08/01/23		100			103,573
					4,414,237
Virginia: 2.7%
City of Richmond, Public Utility Revenue, Series A (RB) 5.00%, 01/15/25		125			133,621
Commonwealth Transportation Board Commonwealth Of Virginia Transportation Capital Projects Revenue (RB) 5.00%, 05/15/25		500			537,041
County of Fairfax, Public Improvement, Series A (GO)
4.00%, 10/01/24		285			295,708
4.00%, 10/01/25		500			525,433
County of Fairfax, Public Improvement, Series A (GO) (SAW)
4.00%, 10/01/23		275			282,279
4.00%, 10/01/25		700			735,371
Fairfax County Industrial Development Authority, Inova Health System Project, Series A (RB) 5.00%, 05/15/24		125			131,388

	Par
	(000’s		)	Value
Virginia (continued)
Hampton Roads Transportation Accountability Commission (RB) 5.00%, 07/01/26	$	1,250		$	1,371,168
Virginia College Building Authority, 21st Century College and Equipment Programs Educational Facilities, Series C (RB)
5.00%, 02/01/24		235			246,030
5.00%, 02/01/27		600			663,522
5.00%, 02/01/27		250			276,467
Virginia College Building Authority, 21st Century College and Equipment Programs Educational Facilities, Series E (RB) 5.00%, 02/01/23		250			255,973
Virginia Commonwealth Transportation Board (RB)
5.00%, 09/15/23		400			415,632
5.00%, 09/15/24		325			344,293
5.00%, 09/15/26 (c)		510			563,720
Virginia Public Building Authority, Series A (RB) 5.00%, 08/01/26		265			290,005
Virginia Public Building Authority, Series B (RB) 5.00%, 08/01/26		500			547,179
Virginia Public School Authority, Series B (RB) (SAW) 5.00%, 08/01/23		300			310,720
Wise County Industrial Development Authority, Virginia Electric and Power Co. Project, Series A (RB) (AGC) 0.75%, 09/02/25 (p)		1,000			926,980
					8,852,530
Washington: 2.7%
City of Seattle, Municipal Light and Power Improvement, Series B (RB) 5.00%, 02/01/26		400			435,213
County of Clark, Public Utility District No. 1 (RB) 5.00%, 01/01/26		500			544,061
County of King (GO) 5.00%, 07/01/24		100			105,596
County of King, Sewer Improvement, Series B (RB)
5.00%, 07/01/25		575			619,396
5.00%, 07/01/26		200			219,304
Energy Northwest Project Electric, Series A (RB) 5.00%, 07/01/25		1,000			1,077,210
Energy Northwest Project Electric, Series C (RB)
5.00%, 07/01/24		450			475,086

	Par
	(000’s		)	Value
Washington (continued)
5.00%, 07/01/25	$	1,375		$	1,481,163
Energy Northwest, Colombia Generating Station Electric, Series A (RB)
5.00%, 07/01/23		100			103,367
5.00%, 07/01/24		455			480,365
State of Washington Various Purpose, Series D (GO) 5.00%, 02/01/24		200			209,422
State of Washington, Various Purpose, Series R-A (GO) 5.00%, 08/01/24		750			793,782
University of Washington, Series C (RB) (AGM) 5.00%, 04/01/26		800			871,959
Washington Health Care Facilities Authority, CommonSpirit Health, Series B-1 (RB) 5.00%, 08/01/24 (c) (p)		1,000			1,039,772
Washington Health Care Facilities Authority, Virginia Mason Medical Center (RB) 5.00%, 08/15/25		270			284,666
					8,740,362
West Virginia: 0.1%
State of West Virginia, Commissioner of Highways, Surface Transportation Improvements, Series A (RB) 5.00%, 09/01/23		410			425,698
Wisconsin: 1.8%
City of Milwaukee, Series N2 (GO) 4.00%, 03/01/25		750			774,967
City of Milwaukee, Series N4 (GO)
5.00%, 04/01/24		225			234,950
5.00%, 04/01/25		125			132,731
5.00%, 04/01/26		500			540,327
5.00%, 04/01/26		750			810,490
State of Wisconsin, Series 1 (GO) 5.00%, 11/01/22		500			508,534
State of Wisconsin, Series 2 (GO) 5.00%, 11/01/25		380			412,131
State of Wisconsin, Series A (GO) 5.00%, 05/01/27		1,000			1,112,929
State Of Wisconsin, Wisconsin General Obligation Bonds Of, Series A (GO) 5.00%, 05/01/25		500			536,763
State Of Wisconsin, Wisconsin General Obligation Bonds Of, Series B (GO) 5.00%, 05/01/26		525			574,160

The summary of inputs used to value the Fund’s investments as of April 30, 2022 is as follows:

(a) For the period September 9, 2021 (commencement of operations) through April 30, 2022.

Note 1—Fund Organization—VanEck ETF Trust (the “Trust”), formerly known as VanEck Vectors ETF 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 objective 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, an affiliate of the Adviser, acts as the Funds’ distributor (the “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, 2022, 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 securities constituting the Funds’ underlying index (“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 certain 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, 2022, 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:

Note 6—Income Taxes—As of April 30, 2022, 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 2022, the components of distributable earnings (loss) on a tax basis, for each Fund, we as follows:

* Post-October losses represent certain ordinary specified and/or capital losses incurred after October 31, 2021. These losses are deemed to arise on the first day of the Fund’s next taxable year.

At April 30 2022, the following Funds had capital loss carryforwards available to offset future capital gains:

During the year ended April 30, 2022, High Yield and Muni Allocation utilized $268,458 and $14,862, respectively, of their capital loss carryover available from prior years.

During the year ended April 30, 2022, 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, 2022, 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.

Economies and financial markets throughout the world have experienced periods of increased volatility, uncertainty and distress as a result of conditions associated with the COVID-19 pandemic. To the extent these conditions continue, the risks associated with an investment in the Fund could be heightened and the Fund’s investments (and thus a shareholder’s investment in the Fund) may be particularly susceptible to sudden and substantial losses, reduced yield or income or other adverse developments.

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 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, 2022, the following Funds borrowed under this Facility:

Outstanding loan balances as of April 30, 2022, if any, are reflected in the Statements of Assets and Liabilities.

Note 10—Share Split—In 2018, the Board of Trustees approved a 1 for 2 reverse share split for Intermediate Muni ETF and High Yield Muni ETF. On October 26, 2018 shares began trading on a split adjusted basis. The Financial Highlights prior to October 26, 2018 have been adjusted to reflect the 1 for 2 reverse share split.

Note 11—Other— At a meeting held on November 30, 2021, the Board of Trustees (the “Board”) of the Trust 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 are expected to be implemented within a 9-month period in two phases. The Board has approved a change to each Fund’s investment objective of seeking to replicate as closely as possible, before fees and expenses, the price and yield performance of its respective Current Index (as defined below).

Effective March 1, 2022, each Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of its Transition Index (as defined below). Beginning after November 30, 2022, each Fund will seek to replicate as closely as possible, before fees and expenses, the price and yield performance of its New Index (as defined below).

During the period from March 1, 2022 to November 30, 2022 (the “Transition”), each Fund will seek to replicate the index set forth under the “Transition Index” column of the table below (each, a “Transition Index”). Each Transition Index is an interim index that will gradually increase 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 “Current Index” column of the table below (each, a “Current Index”).

Note 12—Subsequent Event Review—The Funds have evaluated subsequent events and transactions for potential recognition or disclosure through the date the financial statements were issued.

To the Shareholders of VanEck CEF Muni Income ETF, VanEck High Yield Muni ETF, VanEck HIP Sustainable Muni ETF, VanEck Intermediate Muni ETF, VanEck Long Muni ETF, VanEck Muni Allocation ETF, VanEck Short High Yield Muni ETF and VanEck Short Muni ETF and the Board of Trustees of VanEck ETF Trust.

We have audited the accompanying statements of assets and liabilities of VanEck CEF Muni Income ETF, VanEck High Yield Muni ETF, VanEck HIP Sustainable Muni ETF, VanEck Intermediate Muni ETF, VanEck Long Muni ETF, VanEck Muni Allocation ETF, VanEck Short High Yield Muni ETF, and VanEck Short Muni ETF (collectively referred to as the “Funds”) (eight of the series constituting VanEck ETF Trust (the “Trust”)), including the schedules of investments, as of April 30, 2022, and the related statements of operations, changes in net assets, and the financial highlights for each of the periods indicated in the table below and the related notes (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 (eight of the series constituting VanEck ETF Trust) at April 30, 2022, and the results of their operations, changes in net assets and financial highlights for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of 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 Trust 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 in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

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 procedures included confirmation of securities owned as of April 30, 2022, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. 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. We believe that our audits provide a reasonable basis for our opinion.

We have served as the auditor of one or more of the VanEck investment companies since 1999.

The per share amounts of taxable vs. tax-exempt income paid by the funds during the taxable year ended April 30, 2022 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 2022 income tax purposes will be sent to them in early 2023.

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

Additionally, Short Muni ETF paid short-term capital gains of $0.001800 per share that represents Qualified Short-Term Capital Gains (“QSTG”) which may be exempt from United States withholding tax when distributed to non-U.S. shareholders with proper documentation.

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 most 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, 2021 to December 31, 2021 (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.

Average Annual Total Return
	Share Price	NAV	CEFMXTR¹	LBUSTRUU²
One Year	(16.02)%	(15.82)%	(15.51)%	(8.51)%
Five Year	1.78%	1.88%	2.25%	1.20%
Ten Year	3.16%	3.24%	3.61%	1.73%

Average Annual Total Return
	Share Price	NAV	MXYT¹	LBUSTRUU²	LMEHTR³
One Year	(9.26)%	(8.62)%	(6.61)%	(8.51)%	(6.88)%
Five Year	1.86%	1.87%	4.10%	1.20%	4.04%
Ten Year	3.13%	3.19%	5.02%	1.73%	4.99%


¹	ICE High Yield Crossover Municipal Bond Transition Index (MXYT) is an interim index that, beginning on March 1, 2022, gradually increases exposure to securities based on their weightings in the ICE Broad High Yield Crossover Municipal Index while proportionally reducing exposure to certain component securities of the Bloomberg Barclays Municipal Custom High Yield Composite Index (LMEHTR).

	ICE Broad High Yield Crossover Municipal Index, the final index effective December 1, 2022, tracks the performance 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.

	Index data prior to March 1, 2022 reflects that of the LMEHTR. From March 1, 2022 forward, the index data reflects that of the Fund’s underlying transition index, MXYT.

²	Bloomberg Barclays US Aggregate Bond Index (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.

³	LMEHTR is a market size weighted index composed of publicly traded municipal bonds that cover the U.S. dollar denominated high yield long-term tax-exempt bond market.

Average Annual Total Return
	Share Price	NAV	MUNI¹
Life*	(8.21)%	(8.26)%	(8.06)%


^*	Commencement 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.

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^®


President’s Letter	1
Management Discussion	3
Performance Comparison
CEF Muni Income ETF	5
High Yield Muni ETF	6
HIP Sustainable Muni ETF	7
Intermediate Muni ETF	8
Long Muni ETF	9
Muni Allocation ETF	10
Short High Yield Muni ETF	11
Short Muni ETF	12
About Fund Performance	13
Explanation of Expenses	14
Schedule of Investments
CEF Muni Income ETF	16
High Yield Muni ETF	18
HIP Sustainable Muni ETF	62
Intermediate Muni ETF	65
Long Muni ETF	110
Muni Allocation ETF	126
Short High Yield Muni ETF	128
Short Muni ETF	150
Statements of Assets and Liabilities	168
Statements of Operations	170
Statements of Changes in Net Assets	172
Financial Highlights
CEF Muni Income ETF	176
High Yield Muni ETF	177
HIP Sustainable Muni ETF	178
Intermediate Muni ETF	179
Long Muni ETF	180
Muni Allocation ETF	181
Short High Yield Muni ETF	182
Short Muni ETF	183
Notes to Financial Statements	184
Report of Independent Registered Public Accounting Firm	192
Tax Information	194
Board of Trustees and Officers	195
Funds’ Liquidity Risk Management Program	198


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	Bloomberg Barclays US Aggregate Bond Index (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.


¹	ICE Intermediate AMT-Free Broad National Municipal Transition Index (MIBT) is an interim index that, beginning on March 1, 2022, gradually increases exposure to securities based on their weightings in the ICE Intermediate AMT-Free Broad National Municipal Index while proportionally reducing exposure to certain component securities of the Bloomberg Barclays AMT-Free Intermediate Continuous Municipal Index (LMT2TR).

	ICE Intermediate AMT-Free Broad National Municipal Index, the final index effective December 1, 2022, tracks the performance 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.

	Index data prior to March 1, 2022 reflects that of LMT2TR. From March 1, 2022 forward, the index data reflects that of the Fund’s underlying transition index, MIBT.

²	Bloomberg Barclays US Aggregate Bond Index (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.

³	LMT2TR is a market size weighted index comprised of publicly traded municipal bonds that cover the U.S. dollar denominated intermediate term tax-exempt bond market. It is a total return benchmark designed for high quality and tax efficient investments.


¹	ICE Long AMT-Free Broad National Municipal Transition Index (MLBT) is an interim index that, beginning on March 1, 2022, gradually increases exposure to securities based on their weightings in the ICE Long AMT-Free Broad National Municipal Index while proportionally reducing exposure to certain component securities of the Bloomberg Barclays AMT-Free Long Continuous Municipal Index (LMT3TR).

	ICE Long AMT-Free Broad National Municipal Index, the final index effective December 1, 2022, tracks the performance 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.

	Index data prior to March 1, 2022 reflects that of LMT3TR. From March 1, 2022 forward, the index data reflects that of the Fund’s underlying transition index, MLBT.

²	Bloomberg Barclays US Aggregate Bond Index (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.

³	LMT3TR is a market size weighted index comprised of publicly traded municipal bonds that cover the U.S. dollar denominated long-term tax-exempt bond market. It is a total return benchmark designed for high quality and tax efficient investments.


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

¹	Bloomberg Barclays Municipal Bond Index (LMBITR) is considered representative of the broad market for investment grade, tax-exempt municipal bonds with a maturity of at least one year.


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

¹	ICE 1-12 Year Broad High Yield Crossover Municipal Bond Transition Index (MXIT) is an interim index that, beginning on March 1, 2022, gradually increases exposure to securities based on their weightings in the ICE 1-12 Year Broad High Yield Crossover Municipal Bond Index while proportionally reducing exposure to certain component securities of the Bloomberg Barclays Municipal High Yield Short Duration Index (BMHYTR).

	ICE 1-12 Year Broad High Yield Crossover Municipal Index, the final index effective December 1, 2022, tracks the performance 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.

	Index data prior to March 1, 2022 reflects that of BMHYTR. From March 1, 2022 forward, the index data reflects that of the Fund’s underlying transition index, MXIT.

²	Bloomberg Barclays US Aggregate Bond Index (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.

³	BMHYTR is a market size weighted index composed of publicly traded municipal bonds that cover the U.S. dollar denominated high yield short-term tax-exempt bond market.


¹	ICE Short AMT-Free Broad National Municipal Transition Index (MSBT) is an interim index that, beginning on March 1, 2022, gradually increases exposure to securities based on their weightings in the ICE Short AMT-Free Broad National Municipal Index while proportionally reducing exposure to certain component securities of the Bloomberg Barclays AMT-Free Short Continuous Municipal Index (LMT1TR).

	ICE Short AMT-Free Broad National Municipal Index, the final index effective December 1, 2022, tracks the performance 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.

	Index data prior to March 1, 2022 reflects that of LMT1TR. From March 1, 2022 forward, the index data reflects that of the Fund’s underlying transition index, MSBT.

²	Bloomberg Barclays US Aggregate Bond Index (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.

³	LMT1TR is a market size weighted index comprised of publicly traded municipal bonds that cover the U.S. dollar denominated short-term tax-exempt bond market. It is a total return benchmark designed for high quality and tax efficient investments.

	Beginning Account Value November 1, 2021	Ending Account Value April 30, 2022	Annualized Expense Ratio During Period	Expenses Paid During the Period November 1, 2021 - April 30, 2022(a)
CEF Muni Income ETF
Actual	$1,000.00	$827.80	0.40%	$1.81
Hypothetical (b)	$1,000.00	$1,022.81	0.40%	$2.01
High Yield Muni ETF
Actual	$1,000.00	$905.20	0.35%	$1.65
Hypothetical (b)	$1,000.00	$1,023.06	0.35%	$1.76
HIP Sustainable Muni ETF
Actual	$1,000.00	$923.90	0.24%	$1.14
Hypothetical (b)	$1,000.00	$1,023.60	0.24%	$1.20
Intermediate Muni ETF
Actual	$1,000.00	$903.20	0.24%	$1.13
Hypothetical (b)	$1,000.00	$1,023.60	0.24%	$1.20
Long Muni ETF
Actual	$1,000.00	$866.80	0.24%	$1.11
Hypothetical (b)	$1,000.00	$1,023.60	0.24%	$1.20
Muni Allocation ETF
Actual	$1,000.00	$888.60	0.09%	$0.42
Hypothetical (b)	$1,000.00	$1,024.35	0.09%	$0.45
Short High Yield Muni ETF
Actual	$1,000.00	$926.40	0.35%	$1.67
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, 2022), 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


	800.826.2333	vaneck.com

Summary of Investments by Sector		% of Investments				Value
Financials			100.0	%		$	169,126,118

		Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs				Value
Closed-End Funds		$	169,126,118			$	—			$	—			$	169,126,118

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
Airport		2.1	%	$	62,056,874
Education		3.7			109,006,525
Health		8.9			264,386,823
Hospitals		9.6			285,494,140
Industrial Development Revenue		11.8			348,509,213
Industrial Revenue		1.2			35,198,237
Leasing COPS & Appropriations		9.2			273,609,451
Local GO		8.2			242,751,452
Misc		3.8			114,240,694
Multi-Family Housing		5.1			150,801,729
Pollution Control		0.5			15,309,606
Power		1.7			49,987,990
Refunded		0.7			20,262,265
Single Family Housing		0.0			329,636
State GO		4.1			120,281,026
Tax		11.0			325,932,467
Tobacco		7.1			209,866,549
Toll & Turnpike		2.9			84,656,040
Transportation		5.3			156,484,709
Unassigned		0.8			22,794,414
Utilities - Other		0.7			19,683,386
Water & Sewer		1.6			47,330,800
		100.0	%	$	2,958,974,026


Definitions:
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
FHA	Federal Housing Association
GO	General Obligation
NATL	National Public Finance Guarantee Corp.
RB	Revenue Bond
SAW	State Aid Withholding
SBG	School Board Guaranteed
SD CRED PROG	Special District Credit Enhancement Program
ST	Special Tax
TA	Tax Allocation

Footnotes:
(c)	Callable Security — the redemption date shown is when the security may be redeemed by the issuer
(p)	Putable Security — the redemption date shown is when the security may be redeemed by the investor
^	Zero Coupon Bond

		Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs				Value
Municipal Bonds *		$	—			$	1,671,853,467			$	—			$	1,671,853,467


*	See Schedule of Investments for geographic sector breakouts.

(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
	4/30/2021		Purchases		Proceeds			(Loss)			Income		(Depreciation)		4/30/2022
VanEck High Yield Muni ETF	$	1,519,551	$	778,654	$	(1,211,019	)	$	52,000		$	39,025	$	(199,370)	$	939,816
VanEck Intermediate Muni ETF		1,470,825		987,550		(990,549	)		12,835	*		23,955		(185,134)		1,295,527
VanEck Long Muni ETF		1,740,869		555,951		(2,048,134	)		41,040	†		17,798		(113,290)		176,436
VanEck Short High Yield Muni ETF		253,940		25,548		(63,531	)		4,866			4,779		(26,509)		194,314
VanEck Short Muni ETF		–		1,214,987		(628,527	)		(906	)‡		1,565		(15,236)		570,318
	$	4,985,185	$	3,562,690	$	(4,941,760	)	$	109,835		$	87,122	$	(539,539)	$	3,176,411


*	Includes $26 of capital gains distributions from the underlying affiliated investment company.
†	Includes $937 of capital gains distributions from the underlying affiliated investment company.
‡	Includes $278 of capital gains distributions from the underlying affiliated investment company.

			Level 2		Level 3
	Level 1		Significant		Significant
	Quoted		Observable		Unobservable
	Prices		Inputs		Inputs		Value
Closed-End Funds	$	506,834	$	—	$	—	$	506,834
Exchange Traded Funds		3,176,411		—		—		3,176,411
Total Investments	$	3,683,245	$	—	$	—	$	3,683,245

	CEF Muni Income			High Yield Muni			HIP Sustainable			Intermediate
	ETF			ETF			Muni ETF			Muni ETF
Assets:
Investments, at value
Unaffiliated issuers (1)	$	169,126,118		$	2,958,974,026		$	13,431,251		$	1,671,853,467
Cash		83			25,644,823			74,665			3,036,128
Receivables:
Investment securities sold		1,176,451			29,463,524			—			—
Dividends and interest		567,368			46,414,406			195,371			20,590,761
Other assets		—			8,158			—			12,480
Total assets		170,870,020			3,060,504,937			13,701,287			1,695,492,836
Liabilities:
Payables:
Investment securities purchased		—			11,298,950			—			—
Shares of beneficial interest redeemed		1,176,438			30,353,945			—			—
Line of credit		222,025			—			—			—
Due to Adviser		59,762			899,999			2,739			338,279
Deferred Trustee fees		4,195			3,184			—			3,000
Accrued expenses		404			—			—			—
Total liabilities		1,462,824			42,556,078			2,739			341,279
NET ASSETS	$	169,407,196		$	3,017,948,859		$	13,698,548		$	1,695,151,557
Shares outstanding		7,200,000			54,696,401			300,000			37,098,916
Net asset value, redemption and offering price per share	$	23.53		$	55.18		$	45.66		$	45.69
Net Assets consist of:
Aggregate paid in capital	$	216,940,602		$	3,383,031,447		$	15,016,441		$	1,837,861,034
Total distributable earnings (loss)		(47,533,406	)		(365,082,588	)		(1,317,893	)		(142,709,477	)
NET ASSETS	$	169,407,196		$	3,017,948,859		$	13,698,548		$	1,695,151,557
(1) Cost of investments - Unaffiliated issuers	$	209,245,916		$	3,248,494,841		$	14,712,851		$	1,815,653,750

				Muni Allocation			Short High Yield
	Long Muni ETF			ETF			Muni ETF			Short Muni ETF
Assets:
Investments, at value
Unaffiliated issuers (1)	$	212,572,916		$	506,834		$	410,085,348		$	321,852,358
Affiliated issuers (2)		—			3,176,411			—			—
Cash		266,328			992			3,253,368			1,728,803
Receivables:
Dividends and interest		2,773,666			799			6,157,977			4,054,421
Total assets		215,612,910			3,685,036			419,496,693			327,635,582
Liabilities:
Payables:
Investment securities purchased		—			—			1,110,454			—
Due to Adviser		43,721			247			121,725			54,062
Deferred Trustee fees		1,517			—			—			1,600
Accrued expenses		—			—			221			622
Total liabilities		45,238			247			1,232,400			56,284
NET ASSETS	$	215,567,672		$	3,684,789		$	418,264,293		$	327,579,298
Shares outstanding		11,750,000			170,000			18,300,000			19,400,000
Net asset value, redemption and offering price per share	$	18.35		$	21.68		$	22.86		$	16.89
Net Assets consist of:
Aggregate paid in capital	$	244,883,096		$	4,745,722		$	459,617,795		$	344,629,489
Total distributable earnings (loss)		(29,315,424	)		(1,060,933	)		(41,353,502	)		(17,050,191	)
NET ASSETS	$	215,567,672		$	3,684,789		$	418,264,293		$	327,579,298
(1) Cost of investments - Unaffiliated issuers	$	241,779,794		$	634,296		$	441,388,890		$	337,935,505
(2) Cost of investments - Affiliated issuers	$	—		$	3,425,288		$	—		$	—

	CEF Muni Income ETF						High Yield Muni ETF
	Year Ended			Year Ended			Year Ended			Year Ended
	April 30, 2022			April 30, 2021			April 30, 2022			April 30, 2021

Operations:
Net investment income	$	8,141,777		$	6,611,198		$	122,609,689		$	116,567,642
Net realized gain (loss)		6,852,427			1,217,584			(21,991,122	)		(86,647,125	)
Net change in unrealized appreciation (depreciation)		(50,282,573	)		25,470,232			(393,264,600	)		390,659,103
Net increase (decrease) in net assets resulting from operations		(35,288,369	)		33,299,014			(292,646,033	)		420,579,620
Distributions to shareholders from:
Distributable earnings		(7,955,563	)		(6,430,030	)		(124,522,449	)		(116,872,827	)

Share transactions*:
Proceeds from sale of shares		157,298,802			31,098,244			985,416,843			1,105,042,152
Cost of shares redeemed		(121,225,806	)		(23,775,486	)		(1,011,621,866	)		(517,793,142	)
Increase (decrease) in net assets resulting from share transactions		36,072,996			7,322,758			(26,205,023	)		587,249,010
Total increase (decrease) in net assets		(7,170,936	)		34,191,742			(443,373,505	)		890,955,803
Net Assets, beginning of year		176,578,132			142,386,390			3,461,322,364			2,570,366,561
Net Assets, end of year	$	169,407,196		$	176,578,132		$	3,017,948,859		$	3,461,322,364
*Shares of Common Stock Issued (no par value)
Shares sold		5,375,000			1,100,000			15,900,000			18,300,000
Shares redeemed		(4,250,000	)		(875,000	)		(16,600,000	)		(8,700,000	)
Net increase (decrease)		1,125,000			225,000			(700,000	)		9,600,000

	HIP Sustainable Muni ETF			Intermediate Muni ETF
	Period Ended			Year Ended			Year Ended
	April 30, 2022 (a)			April 30, 2022			April 30, 2021
Operations:
Net investment income	$	29,000		$	30,794,618		$	32,364,513
Net realized gain (loss)		(3,603	)		13,113,951			25,772,251
Net change in unrealized appreciation (depreciation)		(1,281,600	)		(232,378,068	)		60,943,861
Net increase (decrease) in net assets resulting from operations		(1,256,203	)		(188,469,499	)		119,080,625
Distributions to shareholders from:
Distributable earnings		(61,690	)		(31,094,619	)		(34,896,906	)

Share transactions*:
Proceeds from sale of shares		15,016,441			471,684,955			535,463,826
Cost of shares redeemed		—			(358,316,244	)		(399,980,004	)
Increase in net assets resulting from share transactions		15,016,441			113,368,711			135,483,822
Total increase (decrease) in net assets		13,698,548			(106,195,407	)		219,667,541
Net Assets, beginning of period		—			1,801,346,964			1,581,679,423
Net Assets, end of period	$	13,698,548		$	1,695,151,557		$	1,801,346,964
*Shares of Common Stock Issued (no par value)
Shares sold		300,000			9,250,000			10,400,000
Shares redeemed		—			(7,050,000	)		(7,800,000	)
Net increase		300,000			2,200,000			2,600,000

	CEF Muni Income ETF
	Year Ended April 30,
	2022			2021			2020			2019			2018
Net asset value, beginning of year		$29.07			$24.34			$26.18			$24.97			$26.58
Net investment income (a)		1.14			1.14			1.09			1.16			1.27
Net realized and unrealized gain (loss) on investments		(5.56	)		4.71			(1.83	)		1.21			(1.61	)
Total from investment operations		(4.42	)		5.85			(0.74	)		2.37			(0.34	)
Distributions from:
Net investment income		(1.12	)		(1.12	)		(1.10	)		(1.16	)		(1.27	)
Net asset value, end of year		$23.53			$29.07			$24.34			$26.18			$24.97
Total return (b)		(15.82	)%		24.38	%		(3.17	)%		9.83	%		(1.45	)%

Ratios to average net assets
Gross expenses (c)(d)		0.40	%		0.40	%		0.45	%		0.48	%		0.50	%
Net expenses (c)(d)		0.40	%		0.40	%		0.40	%		0.40	%		0.40	%
Net investment income (c)		4.01	%		4.17	%		4.02	%		4.67	%		4.78	%
Supplemental data
Net assets, end of year (in millions)		$169			$177			$142			$144			$95
Portfolio turnover rate (e)		15	%		11	%		10	%		13	%		9	%

(a)	Calculated based upon average shares outstanding
(b)	Returns include adjustments in accordance with U.S. Generally Accepted Accounting Principles. Net asset values and returns for financial reporting purposes may differ from those for shareholder transactions.
(c)	The ratios presented do not reflect the Fund’s proportionate share of income and expenses from the Fund’s investment in underlying funds.
(d)	Periods after November 1, 2019 reflect a unitary management fee structure.
(e)	Portfolio turnover rate excludes in-kind transactions.

	High Yield Muni ETF(a)
	Year Ended April 30,
	2022			2021			2020			2019			2018
Net asset value, beginning of year		$62.48			$56.13			$62.79			$62.16			$61.52
Net investment income (b)		2.09			2.36			2.69			2.67			2.72
Net realized and unrealized gain (loss) on investments		(7.27	)		6.38			(6.73	)		0.64			0.60
Total from investment operations		(5.18	)		8.74			(4.04	)		3.31			3.32
Distributions from:
Net investment income		(2.12	)		(2.39	)		(2.62	)		(2.68	)		(2.68	)
Net asset value, end of year		$55.18			$62.48			$56.13			$62.79			$62.16
Total return (c)		(8.62	)%		15.84	%		(6.86	)%		5.46	%		5.48	%

Ratios to average net assets
Expenses		0.35	%		0.35	%		0.35	%		0.35	%		0.35	%
Net investment income		3.38	%		3.91	%		4.26	%		4.31	%		4.37	%
Supplemental data
Net assets, end of year (in millions)		$3,018			$3,461			$2,570			$2,656			$2,437
Portfolio turnover rate (d)		11	%		9	%		12	%		10	%		14	%