J.P. Morgan Exchange-Traded Fund Trust

Investments in a Fund are not bank deposits or obligations of, or guaranteed or endorsed by, any bank and are not insured or guaranteed by the FDIC, the Federal Reserve Board or any other government agency. You could lose money if you sell when a Fund’s share price is lower than when you invested.

Past performance is no guarantee of future performance. The general market views expressed in this report are opinions based on market and other conditions through the end of the reporting period and are subject to change without notice. These views are not intended to predict the future performance of a Fund or the securities markets.

Prospective investors should refer to the Funds’ prospectuses for a discussion of the Funds’ investment objectives, strategies and risks. Call J.P. Morgan Exchange-Traded Funds at (844) 457-6383 for a prospectus containing more complete information about a Fund, including management fees and other expenses. Please read it carefully before investing.

Shares are bought and sold throughout the day on an exchange at market price (not at net asset value) through a brokerage account, and are not individually subscribed and redeemed from a Fund. Shares may only be subscribed and redeemed directly from a Fund by Authorized Participants, in large creation/redemption units. Brokerage commissions will reduce returns.

Dear Shareholder,

While global financial markets largely generated positive returns during the first half of 2021, accelerating inflation, periodic resurgences in the pandemic and the military conflict in Ukraine weighed on financial markets and led to mixed returns for the twelve-month fiscal period ended February 28, 2022. Overall, equities markets outperformed fixed-income markets and U.S. equities outperformed other developed markets and emerging markets equities during the period.

“The trajectory of the pandemic, the timing and magnitude of Fed interest rate activity and the duration and scope of the conflict in Ukraine are likely to remain the fundamental drivers of the global economy and financial market performance in the year ahead.”

—Brian S. Shlissel

The U.S. Federal Reserve (the “Fed”) continued to hold interest rates at historically low levels throughout the period. However, in the face of rising inflation and better-than-expected job growth, the Fed began to adopt a less accommodative tone in the second half of the period, and in November 2021, the central bank began to taper off monthly asset purchases under its quantitative easing program. While the emergence of the Omicron variant of COVID-19 toward the end of 2021 led to the reimposition of social restrictions — particularly in the U.K. and Europe — and disrupted return-to-office plans in the U.S., economic data indicated that consumer spending and job growth remained strong through the end of 2021 and into 2022.

In the year ahead, economists generally expect the U.S. economy to continue to expand, driven by surging household wealth and hope of progress in managing the pandemic. However, inflationary pressures from rising demand and tight labor markets led the Fed in to raise interest rates in March 2022 —the first rate increase since December 2018. The central bank also signaled its intent to raise rates six more times this year. The conflict in Ukraine and the multilateral sanctions imposed on Russia have helped raise prices for petroleum, natural gas and a range of other commodities. The trajectory of the pandemic, the timing and magnitude of Fed interest rate activity and the duration and scope of the conflict in Ukraine are likely to remain the fundamental drivers of the global economy and financial market performance in the year ahead.

Regardless of the economic environment, our diversified platform of innovative investment solutions is designed to equip investors with the tools to build durable portfolios that can serve to meet their financial goals.

Sincerely,

LOGO

Brian S. Shlissel

President — J.P. Morgan Funds

J.P Morgan Asset Management

1-844-4JPM-ETF or jpmorgan.com/etfs for more information

Bond markets underperformed equity markets throughout the period amid low interest rates and accelerating inflationary pressure as the global economy rebounded from 2020. While leading central banks in developed markets largely maintained monetary stimulus programs and historically low interest rates, soaring inflation led select emerging market nations to raise interest rates. Simultaneously, a year-long rally in global equity markets largely drew investors away from low-yielding fixed income assets.

In the first half of the period, high yield bonds (also called “junk bonds”) and emerging markets debt outperformed investment grade corporate bonds as well as U.S. Treasury bonds and other developed market sovereign debt. However, equity markets largely outperformed all bond markets by a wide margin during the first half of the period.

As the global economic rebound accelerated during 2021, pent up demand and the effects of the pandemic led to bottlenecks in global supply chains and fueled rising inflationary pressure. While the U.S. Federal Reserve stated that rising inflation was likely a temporary consequence of the global economic rebound, it said at its July meeting that it could begin tapering off its $120 billion combined monthly asset purchasing programs by the end of 2021. As inflation and job growth surged in the second half of the year the Fed began to reduce monthly asset purchases and signaled in November that it was prepared to raise rates in the months ahead.

The Bank of England responded to rising domestic inflation by outlining its plan to eventually withdraw policy support for the economy and ended up raising policy interest rates twice by the end of February 2022. Amid a relatively sluggish economic rebound in the European Union, the European Central Bank held interest rates at record lows for the period.

Meanwhile, select emerging market nations raised interest rates in response to rising commodities prices and a strengthening U.S. dollar. Investors responded by selling emerging markets debt. Further weighing on emerging markets were China’s ongoing struggle to contain outbreaks of the COVID-19, slower-than-expected economic growth and investor concerns about its domestic real estate sector. Notably, rising global energy prices provided some support for bonds prices in petroleum exporting nations.

The final two months of the period were marked by a further building in inflationary pressure and Russia’s military buildup and subsequent invasion of Ukraine at the end of February 2022. The invasion — and swift imposition of financial and trade sanctions on Russia — led to a spike in global prices for petroleum, natural gas and a range of other commodities. Financial market volatility rose sharply amid investor uncertainty about the duration and scope of fighting in Ukraine.

For the twelve month period ended February 28, 2022, the Bloomberg U.S. Aggregate Index returned -2.64%, the Bloomberg U.S. High Yield Index returned 0.64% and the Bloomberg Multiverse Index returned -5.24%.

INVESTMENT OBJECTIVE***

The JPMorgan BetaBuilders 1-5 Year US Aggregate Bond ETF (the “Fund”) seeks investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Short-Term U.S. Aggregate Bond Index (the “Underlying Index”).

INVESTMENT APPROACH

The Underlying Index, which includes bonds with remaining effective maturities between one and five years, is a subset of the Bloomberg U.S. Aggregate Index which consists of U.S. dollar denominated investment grade taxable bonds. Using a “passive” investment approach, the Fund attempts to closely correspond to the performance of the Underlying Index as closely as possible and invests at least 80% of its assets in securities included in the Underlying Index.

HOW DID THE FUND PERFORM?

For the twelve months ended February 28, 2022, the Fund performed in line with the Underlying Index, before considering the effects of operating expenses, fees and tax management of the Fund’s portfolio.

The Fund’s and the Underlying Index’s allocations investment grade bonds detracted from performance amid rising interest rates in the second half of the period. The Fund’s and the Underlying Index’s exposures to corporate bonds, which outperformed other investment grade sectors, helped performance.

HOW WAS THE FUND POSITIONED?

At the end of the reporting period, the Fund’s and the Underlying Index’s largest allocations were to the U.S. Treasury and corporate bond sectors and the smallest allocations were to the securitized debt and government-related bond sectors.


PORTFOLIO COMPOSITION AS OF FEBRUARY 28, 2022	PERCENT OF TOTAL INVESTMENTS
U.S. Treasury Obligations		56.1	%
Corporate Bonds		24.5
Mortgage-Backed Securities		8.6
Supranational		2.9
Commercial Mortgage-Backed Securities		2.4
Foreign Government Securities		1.5
U.S. Government Agency Securities		1.5
Others (each less than 1.0%)		0.8
Short-Term Investments		1.7

The return shown is based on net asset value and may differ from the return shown in the financial highlights, which reflects adjustments made to the net asset value in accordance with accounting principles generally accepted in the United States of America. The net asset value was $49.85 as of February 28, 2022.

Market price return was calculated assuming an initial investment made at the market price at the beginning of the reporting period, reinvestment of all dividends and distributions at market price during the period, and sale at the market price on the last day of the period. The price used to calculate the market price return was the closing price on the Cboe BZX Exchange, Inc. As of February 28, 2022, the closing price was $49.87.

***

The adviser seeks to achieve the Fund’s objective. There can be no guarantee it will be achieved.

The performance quoted is past performance and is not a guarantee of future results. Exchange-traded funds are subject to certain market risks. Investment returns and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data shown. For up-to-date, month-end performance information please call 1-844-457-6383.

Fund commenced operations on March 12, 2019.

The graph illustrates comparative performance for $10,000 invested in shares of the JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF and the Bloomberg Short-Term U.S. Aggregate Bond Index from March 12, 2019 to February 28, 2022. The performance of the Fund reflects the deduction of Fund expenses and assumes reinvestment of all dividends and capital gain distributions, if any. The performance of the Bloomberg Short-Term U.S. Aggregate Bond Index does not reflect the deduction of expenses associated

with an exchange-traded fund and has been adjusted to reflect reinvestment of all dividends and capital gain distributions of the securities included in the Index, if applicable. The Bloomberg Short-Term U.S. Aggregate Bond Index is an unmanaged index that represents securities that are taxable and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. Investors cannot invest directly in an index.

Fund performance shown in this section does not reflect the deduction of taxes that a shareholder may pay on Fund distributions or on gains resulting from redemption or sale of Fund shares.

The returns shown are based on net asset values calculated for shareholder transactions and may differ from the returns shown in the financial highlights, which reflect adjustments made to the net asset values in accordance with accounting principles generally accepted in the United States of America.

INVESTMENT OBJECTIVE***

The JPMorgan Core Plus Bond ETF (the “Fund”) seeks a high level of current income by investing primarily in a diversified portfolio of high, medium and low-grade debt securities.

INVESTMENT APPROACH

The Fund invests primarily in investment grade bonds, with the flexibility to invest up to 30% in below investment grade bonds (i.e., high yield or junk bonds). Up to 25% of the Fund’s assets may be invested in foreign securities. The adviser allocates the Fund’s assets among a range of sectors based on strategic positioning and other tactical considerations. In buying and selling investments for the Fund, the adviser looks for market sectors and securities that it believes will perform well over time. The adviser selects individual securities after performing a risk/reward analysis that includes an evaluation of interest rate risk, credit risk, currency risk, legal provisions and the structure of the transactions.

HOW DID THE FUND PERFORM?

For the twelve months ended February 28, 2022, the Fund outperformed the Bloomberg U.S. Aggregate Index (the “Index”).

Relative to the Index, the Fund’s overweight allocations to high yield corporate credit and securitized credit, including asset-backed securities, commercial mortgage-backed securities and non-agency residential mortgage-backed securities, were leading contributors to performance amid robust U.S. economic growth and supportive monetary policies across the globe.

The Fund’s longer duration and yield curve positioning was the leading detractor from relative performance, as the Fund was generally positioned to benefit from yield steepening while the yield curve flattened over the period. Duration measures the price sensitivity of a bond or a portfolio of bonds to relative changes in interest rates. Generally, bonds with longer duration will experience a larger increase or decrease in price as interest rates fall or rise, respectively, versus bonds with shorter duration. The yield curve shows the relationship between yields and maturity dates for a set of similar bonds at a given point in time.

HOW WAS THE FUND POSITIONED?

The Fund’s portfolio managers focused on security selection and relative value, which seeks to take advantage of pricing discrepancies between individual securities or market sectors. They employed macro-economic analysis to determine asset allocations and positioning on the yield curve. The portfolio managers used bottom-up research and top-down macro perspective to construct a diversified portfolio of fixed income securities. As a result of this process, the Fund’s largest sector allocations at the end of the reporting period were to corporate bonds and securitized debt, which includes agency and non-agency residential mortgage-backed securities, asset-backed securities and commercial mortgage-backed securities. The Fund’s smallest allocations were to emerging markets debt and U.S. government obligations, including Treasury bonds and agency debentures.


PORTFOLIO COMPOSITION AS OF FEBRUARY 28, 2022	PERCENT OF TOTAL INVESTMENTS
Corporate Bonds		32.1	%
Asset-Backed Securities		17.1
Mortgage-Backed Securities		14.8
U.S. Treasury Obligations		13.5
Commercial Mortgage-Backed Securities		6.8
Collateralized Mortgage Obligations		2.9
Others (each less than 1.0%)		0.0	(a)
Short-Term Investments		12.8

***

The adviser seeks to achieve the Fund’s objective. There can be no guarantee it will be achieved.

(a)

Amount rounds to less than 0.1%.

Fund commenced operations on January 28, 2019.

The graph illustrates comparative performance for $10,000 invested in shares of the JPMorgan Core Plus Bond ETF and the Bloomberg U.S. Aggregate Index from January 28, 2019 to February 28, 2022. The performance of the Fund reflects the deduction of Fund expenses and assumes reinvestment of all dividends and capital gain distributions, if any. The performance of the Bloomberg U.S. Aggregate Index does not reflect the deduction of expenses associated with an exchange-traded fund and has been adjusted to reflect reinvestment of all dividends and capital gain distributions of the securities included in the Index, if applicable. The Bloomberg U.S. Aggregate Index is an unmanaged

index that represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. Investors cannot invest directly in an index.

Fund performance reflects waiver of a portion of the Fund’s fees and reimbursement of expenses for certain periods from the Fund’s inception date and prior to implementation of a unitary fee structure on November 19, 2019. Without these waivers and reimbursements, performance would have been lower. Also, performance shown in this section does not reflect the deduction of taxes that a shareholder may pay on Fund distributions or on gains resulting from redemption or sale of Fund shares.

INVESTMENT OBJECTIVE***

The JPMorgan Corporate Bond Research Enhanced ETF (the “Fund”) seeks to provide total return.

INVESTMENT APPROACH

The Fund invests primarily in investment grade bonds and uses fundamental credit research for security selection and sector allocation. The Fund seeks to outperform the Bloomberg U.S. Corporate Index (the “Index”) while maintaining similar risk characteristics.

HOW DID THE FUND PERFORM?

For the twelve months ended February 28, 2022, the Fund underperformed the Index.

Relative to the Index, the Fund’s overweight position in the technology and utilities sectors were leading detractors from performance. The Fund’s security selection in the capital goods sector and its underweight position in the financials sectors were leading contributors to relative performance.

HOW WAS THE FUND POSITIONED?

During the reporting period, the Fund’s portfolio managers sought to invest in companies that they believed were attractive from a fundamental and relative value analysis, while seeking to underweight companies that were unattractive based on

their analysis. From a sector perspective, the Fund remained largely in line with the sector weightings in the Index, with its largest underweight allocation to the other industrial sector and its largest overweight allocations to the consumer non-cyclical and technology sectors.


PORTFOLIO COMPOSITION AS OF FEBRUARY 28, 2022	PERCENT OF TOTAL INVESTMENTS
Corporate Bonds		99.7	%
Short-Term Investments		0.3

Market price return was calculated assuming an initial investment made at the market price at the beginning of the reporting period, reinvestment of all dividends and distributions at market price during the period, and sale at the market price on the last day of the period. The price used to calculate the market price return was the closing price on the NYSE Arca, Inc. As of February 28, 2022, the closing price was $51.56.

***

The adviser seeks to achieve the Fund’s objective. There can be no guarantee it will be achieved.

Fund commenced operations on December 12, 2018.

The graph illustrates comparative performance for $10,000 invested in shares of the JPMorgan Corporate Bond Research Enhanced ETF and the Bloomberg U.S. Corporate Index from December 12, 2018 to February 28, 2022. The performance of the Fund reflects the deduction of Fund expenses and assumes reinvestment of all dividends and capital gain distributions, if any. The performance of the Bloomberg U.S. Corporate Index does not reflect the deduction of expenses associated with an exchange-traded fund and has been adjusted to reflect reinvestment of all dividends and capital gain distributions of the securities included in the Index, if applicable. The Bloomberg U.S. Corporate

Index broadly measures the investment grade, fixed-rate, taxable, corporate bond market. It includes USD denominated securities publicly issued by U.S. and non-U.S. industrial, utility, and financial issuers that meet specified maturity, liquidity, and quality requirements. Securities in the index roll up to the U.S. Credit and U.S. Aggregate Indices.

INVESTMENT OBJECTIVE***

The JPMorgan High Yield Research Enhanced ETF (the “Fund”) seeks to provide a high level of income. Capital appreciation is a secondary objective.

INVESTMENT APPROACH

The Fund invests in a diversified portfolio of high-yield, high-risk debt securities (also called “junk bonds”). Issuers may be domestic or foreign, but the Fund only invests in U.S. dollar-denominated investments.

HOW DID THE FUND PERFORM?

For the twelve months ended February 28, 2022, the Fund posted a positive absolute performance and underperformed the Bloomberg US Corporate High Yield – 2% Issuer Capped Index (the “Benchmark”).

Relative to the Benchmark, the Fund’s underweight allocation to the independent energy sector and its security selection in

Fund commenced operations on September 14, 2016.

The graph illustrates comparative performance for $10,000 invested in shares of the JPMorgan High Yield Research Enhanced ETF, the Bloomberg U.S. Corporate High Yield — 2% Issuer Capped Index from September 14, 2016 to February 28, 2022. The performance of the Fund reflects the deduction of Fund expenses and assumes reinvestment of all dividends and capital gain distributions, if any. The performance of the Bloomberg U.S. Corporate High Yield — 2% Issuer Capped Index does not reflect the deduction of expenses associated with an exchange-traded fund and has been adjusted to reflect reinvestment of all dividends and capital gain distributions of the securities

included in the Index, if applicable. The Bloomberg U.S. Corporate High Yield — 2% Issuer Capped Index is an unmanaged index comprised of fixed rate, non-investment grade debt securities that are dollar denominated and non-convertible. The index limits the maximum exposure to any one issuer to 2%. Investors cannot invest directly in an index.

FOR THE PERIOD OCTOBER 28, 2021 (INCEPTION DATE) THROUGH FEBRUARY 28, 2022 (Unaudited)

INVESTMENT OBJECTIVE***

The JPMorgan Income ETF (the “Fund”) seeks to provide income with a secondary objective of capital appreciation.

INVESTMENT APPROACH

The Fund Invests opportunistically in a wide variety of debt securities that have high potential to produce attractive risk-adjusted income and have low correlations to each other in order to manage risk. The Fund utilizes a flexible approach, allowing allocation shifts based on changing market conditions and seeks to deliver dividends every month.

HOW DID THE FUND PERFORM?

For the period from inception on October 28, 2021 to February 28, 2022, the Fund outperformed to the Bloomberg U.S. Aggregate Index (the “Index”).

Relative to the Index, the Fund’s shorter duration was a leading contributor to performance as interest rates rose during the period. Generally, bonds with shorter duration will experience a smaller decrease in price compared with longer duration bonds when interest rates rise. The Fund’s out-of-Index allocation to non-agency mortgage-backed securities also contributed to relative performance.

The Fund’s out-of-Index allocations to high yield debt (also known as “junk bonds”) and emerging market debt detracted from relative performance.

HOW WAS THE FUND POSITIONED?

During the period, the Fund invested opportunistically among multiple debt markets and sectors that the portfolio managers believed had a high potential to produce income. The Fund’s managers sought to manage risk through exposure to debt

markets that they believed to have low correlations to each other. During the period, the Fund’s managers increased its allocations to commercial mortgage-backed securities, agency mortgage-backed securities, asset backed securities and high yield bonds. The managers decreased the Fund’s exposure to emerging market debt and non-agency mortgage-backed securities. The Fund’s duration increased to 2.31 years at February 28, 2022 from 1.89 years at October 28, 2021.


PORTFOLIO COMPOSITION AS OF FEBRUARY 28, 2022	PERCENT OF TOTAL INVESTMENTS
Corporate Bonds		37.3	%
Asset-Backed Securities		18.6
Commercial Mortgage-Backed Securities		16.4
Collateralized Mortgage Obligations		7.6
Foreign Government Securities		3.3
Mortgage-Backed Securities		2.6
Exchange-Traded Funds		0.7
Short-Term Investments		13.5

Market price return was calculated assuming an initial investment made at the market price at the inception date net asset value, reinvestment of all dividends and distributions at market price during the period, and sale at the market price on the last day of the period. The price used to calculate the market price return was the closing price on the NYSE Arca, Inc. As of February 28, 2022, the closing price was $49.09.

***

The adviser seeks to achieve the Fund’s objective. There can be no guarantee it will be achieved.

Fund commenced operations on October 28, 2021.

The graph illustrates comparative performance for $10,000 invested in shares of the JPMorgan Income ETF and the Bloomberg U.S. Aggregate Index from October 28, 2021 to February 28, 2022. The performance of the Fund reflects the deduction of Fund expenses and assumes reinvestment of all dividends and capital gain distributions, if any. The performance of the Bloomberg U.S. Aggregate Index does not reflect the deduction of expenses associated with an

exchange-traded fund and has been adjusted to reflect reinvestment of all dividends and capital gain distributions of the securities included in the Index, if applicable. The Bloomberg U.S. Aggregate Index is an unmanaged index that represents securities that are taxable and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. Investors cannot invest directly in an index.

Fund performance shown in this section does not reflect the deduction of taxes that a shareholder may pay on Fund distributions or on gains resulting from redemption or sale of Fund shares.

INVESTMENT OBJECTIVE***

The JPMorgan International Bond Opportunities ETF (the “Fund”) seeks to provide total return.

INVESTMENT APPROACH

The Fund invests across sectors in developed and emerging markets without benchmark constraints. The Fund is flexible and opportunistic and the Fund’s adviser has broad discretion to shift the Fund’s exposure to strategies, sectors, countries or currencies based on changing market conditions and its view of the best mix of investment opportunities.

HOW DID THE FUND PERFORM?

For the twelve months ended February 28, 2022, the Fund posted a negative return of -1.56%. The Fund is managed with an unconstrained orientation and is not managed relative to a benchmark index. While the Fund is not managed to a benchmark, its return is compared to the Bloomberg Multiverse ex-USA (USD Hedged) Index, which returned -2.05% for the period.

Relative to the Bloomberg Multiverse ex-USA (USD Hedged) Index, the Fund’s shorter overall duration was the leading contributor to performance as interest rates rose during the

period. Generally, bonds with shorter duration will experience smaller price decrease when interest rates rise, compared with bonds of longer duration.

In terms of absolute performance, the Fund’s allocation to government interest rates, obtained through investments in government bonds and interest rate futures, contributed to absolute performance. The Fund’s allocations to investment grade credit, corporate high yield debt (also known as “junk bonds”) and emerging markets debt detracted from absolute performance.

HOW WAS THE FUND POSITIONED?

During the period, the Fund’s portfolio managers increased the Fund’s net exposure to high yield corporate bonds to 30% from 23%. The portfolio managers trimmed the Fund’s net exposure to investment grade credit to 23% from 27% and also trimmed its exposure to securitized credit, while adding exposure across emerging market debt.

The portfolio managers reduced the Fund’s overall duration, mainly through increased short exposure to developed market interest rates. The portfolio managers reduced the Fund’s duration to 2.63 years as of February 28, 2022 from 3.44 years as of February 28, 2021.

Fund commenced operations on April 5, 2017.

The graph illustrates comparative performance for $10,000 invested in shares of the JPMorgan International Bond Opportunities ETF and the Bloomberg Multiverse ex-USA (USD Hedged) Index from April 5, 2017 to February 28, 2022. The performance of the Fund reflects the deduction of Fund expenses and assumes reinvestment of all dividends and capital gain distributions, if any. The performance of the Bloomberg Multiverse ex-USA (USD Hedged) Index does not reflect the deduction of expenses associated with an exchange-traded fund and has been adjusted to reflect reinvestment of all dividends and capital gain distributions of the securities included in the respective Index, if applicable.

The Bloomberg Multiverse Index ex-USA (USD Hedged) Index is a measure of the global fixed income bond market that combines the Barclays Global Aggregate Index, which measures investment-grade debt from 24 different local currency markets, and the Barclays Global High Yield Index, which measures the global high yield fixed income markets. It excludes U.S. securities and is hedged to the U.S. dollar. Investors cannot invest directly in an index.

INVESTMENT OBJECTIVE***

The JPMorgan Municipal ETF (the “Fund”) seeks to provide monthly dividends, which are excluded from gross income, and to protect the value of your investment by investing primarily in municipal obligations. For purposes of the Fund’s investment objective, “gross income” means gross income for federal income tax purposes.

INVESTMENT APPROACH

The Fund invests primarily in a portfolio of municipal securities, the income from which is exempt from federal income tax. The Fund seeks to maintain an average dollar weighted maturity between three and twelve years.

HOW DID THE FUND PERFORM?

For the twelve months ended February 28, 2022, the Fund outperformed the Bloomberg U.S. 1-15 Year Blend (1-17) Municipal Bond Index (the “Index”).

Relative to the Index, the Fund’s underweight allocations to bonds rated AA and higher, its overweight allocations to bonds rated single-A and its out-of-Index allocations to below-investment-grade bonds were leading contributors to performance. The Fund’s overweight allocation to the education, hospitals and retirement care sectors also contributed to relative performance.

The Fund’s underweight allocations in the transportation and state general obligation bonds sector, and its overweight allocation to industrial development revenue/pollution control revenue bonds were leading detractors from performance

relative to the Benchmark. The Fund’s longer duration relative to the Benchmark also detracted from relative performance as interest rates rose during the period. Generally, bonds with longer duration will experience a greater decrease in price compared with shorter duration bonds when interest rates rise.

HOW WAS THE FUND POSITIONED?

At the end of the period, the Fund was overweight in bonds rated single-A and BBB. The Fund’s duration was 5.1 years compared with 4.2 years for the Index.


PORTFOLIO COMPOSITION AS OF FEBRUARY 28, 2022	PERCENT OF TOTAL INVESTMENTS
Municipal Bonds		89.6	%
Short-Term Investments		10.4

***

The adviser seeks to achieve the Fund’s objective. There can be no guarantee it will be achieved.

Fund commenced operations on October 29, 2018.

The graph illustrates comparative performance for $10,000 invested in shares of the JPMorgan Municipal ETF and the Bloomberg U.S. 1-15 Year Blend (1-17) Municipal Bond Index from October 29, 2018 to February 28, 2022. The performance of the Fund reflects the deduction of Fund expenses and assumes reinvestment of all dividends and capital gain distributions, if any. The performance of the Bloomberg U.S. 1-15 Year Blend (1-17) Municipal Bond Index does not reflect the deduction of expenses associated with an exchange-traded

fund and has been adjusted to reflect reinvestment of all dividends and capital gain distributions of the securities included in the Index, if applicable. The Bloomberg U.S. 1-15 Year Blend (1-17) Municipal Bond Index represents the performance of municipal bonds with maturities from 1 to 17 years.

INVESTMENT OBJECTIVE***

The JPMorgan Short Duration Core Plus Bond ETF (the “Fund”) seeks total return, consistent with preservation of capital.

INVESTMENT APPROACH

The Fund invests primarily in investment grade bonds, with the flexibility to invest up to 30% of its net assets in below investment grade securities (also known as high yield debt or “junk bonds”) and up to 25% of its net assets in foreign securities. The Fund’s adviser seeks to maintain a duration of three years or less. Duration is a measure of the price sensitivity of a debt security or a portfolio of debt securities relative to changes in interest rates. The adviser uses both a top down and bottom up research process as well as a combination of fundamental and quantitative inputs to allocate the Fund’s assets among a range of sectors. In buying and selling investments for the Fund, the adviser looks for market sectors and individual securities that it believes will perform well over time. The adviser selects individual securities after performing a risk/reward analysis to address the Fund’s dual objective of seeking total return and preservation of capital. Such analysis includes an evaluation of interest rate risk, credit risk, duration, liquidity, currency risk, legal provisions and the structure of the transaction.

HOW DID THE FUND PERFORM?

For the period from inception on March 1, 2021 to February 28, 2022, the Fund outperformed the Bloomberg 1-5 Year Government/Credit Index (the “Index”).

Relative to the Index, the Fund’s out-of-Index allocations to high yield bonds and its shorter duration were the leading contributors to performance. Generally, bonds with shorter duration will experience a smaller decrease in price compared with longer duration bonds when interest rates rise.

The Fund’s out-of-Index allocations to emerging market debt and agency mortgage-backed securities were leading detractors to performance.

HOW WAS THE FUND POSITIONED?

The Fund’s adviser focused on security selection and relative value, which seeks to take advantage of pricing discrepancies

between individual securities or market sectors. The adviser used bottom-up research to construct, in their view, a portfolio of undervalued fixed income securities. The managers employ a macro-economic analysis to determine asset allocation and positioning on the yield curve. The yield curve shows the relationship between yields and maturity dates for a set of similar bonds at a given point in time.

Relative to the Index, the Fund had underweight positions in U.S. Treasury bonds and investment grade corporates, and out-of-Index allocations to mortgage-backed securities, asset-backed securities, high yield bonds, and emerging market debt.


PORTFOLIO COMPOSITION AS OF FEBRUARY 28, 2022	PERCENT OF TOTAL INVESTMENTS
Corporate Bonds		34.9	%
U.S. Treasury Obligations		19.9
Asset-Backed Securities		15.4
Mortgage-Backed Securities		8.9
Commercial Mortgage-Backed Securities		5.7
Collateralized Mortgage Obligations		2.6
Foreign Government Securities		1.0
Municipal Bonds		0.0	(a)
Short-Term Investments		11.6

Market price return was calculated assuming an initial investment made at the market price at the beginning of the reporting period, reinvestment of all dividends and distributions at market price during the period, and sale at the market price on the last day of the period. The price used to calculate the market price return was the closing price on the NYSE Arca, Inc. As of February 28, 2022, the closing price was $48.61.

***

The adviser seeks to achieve the Fund’s objective. There can be no guarantee it will be achieved.

(a)

Amount rounds to less than 0.1%.

Fund commenced operations on March 1, 2021.

The graph illustrates comparative performance for $10,000 invested in shares of the JPMorgan Short Duration Core Plus ETF and the Bloomberg 1-5 Year Government/Credit Index from March 1, 2021 to February 28, 2022. The performance of the Fund reflects the deduction of Fund expenses and assumes reinvestment of all dividends and capital gain distributions, if any. The performance of the Bloomberg 1-5 Year Government/Credit Index does not reflect the deduction of expenses associated with an exchange-traded fund and

has been adjusted to reflect reinvestment of all dividends and capital gain distributions of the securities included in the Index, if applicable. The Bloomberg 1-5 Year Government/Credit Index includes the Government and Credit portions of the Barclays Aggregate for securities of 1-5 year maturities. The Government portion includes treasuries and agencies. The Credit portion includes publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements. Investors cannot invest directly in an index.

Fund performance shown in this section does not reflect the deduction of taxes that a shareholder may pay on Fund distributions or on gains resulting from redemption or sale of Fund shares.

INVESTMENT OBJECTIVE***

The JPMorgan U.S. Aggregate Bond ETF (the “Fund”) seeks to provide long-term total return.

INVESTMENT APPROACH

The Fund invests in a diversified portfolio of fixed income securities, including corporate bonds, U.S. Treasury obligations and other U.S. government and agency securities, and asset-backed, mortgage-related and mortgage-backed securities. With respect to corporate sub-sectors, the adviser applies a systematic multi-factor screening process that seeks exposure to those debt issuers with attractive value, quality and momentum characteristics.

HOW DID THE FUND PERFORM?

For the twelve months ended February 28, 2022, the Fund underperformed the Bloomberg U.S. Aggregate Index (the “Index”).

Relative to the Index, the Fund’s allocation to the quality factor within corporate bonds was a leading detractor from performance, while the Fund’s value and momentum factors within corporate bonds contributed to performance.

HOW WAS THE FUND POSITIONED?

During the period, the Fund applied a systematic multi-factor screening process to the corporate sub-sectors of the Index that sought exposure to corporate debt issuers that the Fund’s portfolio managers believed had attractive value, quality and momentum characteristics. Among the Fund’s largest

allocations at the end of the period were government bonds, corporate credit and mortgage-backed securities while its smallest allocations were to agency debt and supranational debt.


PORTFOLIO COMPOSITION AS OF FEBRUARY 28, 2022	PERCENT OF TOTAL INVESTMENTS
U.S. Treasury Obligations		38.7	%
Mortgage-Backed Securities		27.2
Corporate Bonds		24.6
Commercial Mortgage-Backed Securities		1.9
Foreign Government Securities		1.6
U.S. Government Agency Securities		1.4
Supranational		1.4
Others (each less than 1.0%)		0.9
Short-Term Investments		2.3

Market price return was calculated assuming an initial investment made at the market price at the beginning of the reporting period, reinvestment of all dividends and distributions at market price during the period, and sale at the market price on the last day of the period. The price used to calculate the market price return was the closing price on the NYSE Arca, Inc. As of February 28, 2022, the closing price was $52.14.

***

The adviser seeks to achieve the Fund’s objective. There can be no guarantee it will be achieved.

Fund commenced operations on December 12, 2018.

The graph illustrates comparative performance for $10,000 invested in shares of the JPMorgan U.S. Aggregate Bond ETF and the Bloomberg U.S. Aggregate Index from December 12, 2018 to February 28, 2022. The performance of the Fund reflects the deduction of Fund expenses and assumes reinvestment of all dividends and capital gain distributions, if any. The performance of the Bloomberg U.S. Aggregate Index does not reflect the deduction of expenses associated with an exchange-traded fund and has been adjusted to reflect reinvestment of all dividends and capital gain distributions of the securities included in the Index, if applicable.

The Bloomberg U.S. Aggregate Index is an unmanaged index that represents securities that are taxable and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. Investors cannot invest directly in an index.

INVESTMENT OBJECTIVE***

The JPMorgan Ultra-Short Income ETF (the “Fund”) seeks to provide current income while seeking to maintain a low volatility of principal.

INVESTMENT APPROACH

The Fund primarily invests in investment grade, U.S. dollar-denominated short-term fixed, variable and floating-rate debt. The Fund seeks to maintain a duration of one year or less, although under certain market conditions, the Fund’s duration may be longer than one year. Duration measures the price sensitivity of a portfolio of bonds to relative changes in interest rates. Generally, bonds with longer duration will experience a larger decrease or increase in price as interest rates rise or fall, respectively, versus bonds with shorter duration. The Fund’s adviser has broad discretion to shift the Fund’s exposure to strategies and sectors based on changing market conditions and its view of the best mix of investment opportunities.

HOW DID THE FUND PERFORM?

For the twelve months ended February 28, 2022, the Fund underperformed the ICE BofAML 3-Month US Treasury Bill Index (the “Index”).

Relative to the Index, The Fund’s longer duration and its out-of-Index allocation to investment grade corporate bonds were the largest detractors to performance over the period, as interest rates rose and corporate credit generally underperformed U.S. Treasury securities in the second half of the period. Generally, bonds with longer duration will experience a larger decline in price relative to shorter duration bonds when interest rates rise.

The Fund’s out-of-Index exposure to collateralized loan obligations and money market securities were leading contributors to performance relative to the Index.

HOW WAS THE FUND POSITIONED?

During the period, the Fund’s portfolio managers maintained a long duration position as the U.S. Federal Reserve (the “Fed”) maintained its ultra-accommodative monetary policy. However, interest rates began to move higher starting in September 2021, as the Fed’s transitory narrative regarding inflation was

called into question given a faster-than-expected recovery in labor markets coupled with a slow recovery in supply chains. The portfolio managers reduced the duration of the portfolio dramatically in the second half of the period amid rising interest rates.

In descending order, the Fund’s largest allocations at the end of the period were in corporate bonds, money market securities, collateralized loan obligations, asset-backed securities, mortgage-backed securities and non-corporate credit.


PORTFOLIO COMPOSITION BY SECTOR AS OF FEBRUARY 28, 2022	PERCENT OF TOTAL INVESTMENTS
Financials		38.0	%
Asset-Backed Securities		11.4
Utilities		3.6
Health Care		3.5
Consumer Discretionary		2.5
Consumer Staples		2.1
Commercial Mortgage-Backed Securities		1.9
Industrials		1.4
Information Technology		1.1
Energy		1.0
Others (each less than 1.0%)		1.3
Short-Term Investments		32.2

***

The adviser seeks to achieve the Fund’s objective. There can be no guarantee it will be achieved.

Fund commenced operations on May 17, 2017.

The graph illustrates comparative performance for $10,000 invested in shares of the JPMorgan Ultra-Short Income ETF and the ICE BofAML 3-Month US Treasury Bill Index from May 17, 2017 to February 28, 2022. The performance of the Fund reflects the deduction of Fund expenses and assumes reinvestment of all dividends and capital gain distributions, if any. The performance of the ICE BofAML 3-Month US Treasury Bill Index does not reflect the deduction of expenses associated with an exchange-traded fund and has been adjusted to reflect reinvestment of all dividends and capital gain distributions of the securities included in the Index, if applicable. The ICE BofAML 3-Month US

Treasury Bill Index is comprised of a single issue purchased at the beginning of the month and held for a full month. The index is rebalanced monthly and the issue selected is the outstanding Treasury Bill that matures closest to, but not beyond 3 months from the rebalancing date. Investors cannot invest directly in an index.

INVESTMENT OBJECTIVE***

The JPMorgan Ultra-Short Municipal Income ETF (the “Fund”) seeks as high a level of current income exempt from federal income tax as is consistent with relative stability of principal.

INVESTMENT APPROACH

The Fund invests primarily in investment grade fixed, variable and floating rate municipal securities or the unrated equivalent, the income from which is exempt from federal income tax. The Fund invests in a portfolio of municipal securities with an average weighted maturity of two years or less.

HOW DID THE FUND PERFORM?

For the twelve months ended February 28, 2022, the Fund outperformed the Bloomberg 1 Year Municipal Bond Index (the “Index”).

Relative to the Index, the Fund’s shorter duration and its underweight allocation to bonds rated AA and higher were leading contributors to performance. Generally, bonds of shorter duration will experience a smaller decrease in price compared with longer duration bonds when interest rates rise. The Fund’s underweight allocation in the pre-refunded bonds sector and its overweight allocations to the hospital and housing sectors also contributed to relative performance. The Fund’s out-of-Index allocation to variable rate demand notes, which were used to manage the Fund’s liquidity, also helped relative performance.

The Fund’s underweight allocations to bonds rated BBB was a leading detractor from relative performance. The Fund’s overweight allocation to the leasing sector also detracted from relative performance.

HOW WAS THE FUND POSITIONED?

At the end of the period, the Fund’s duration was 0.7 years compared with 1.3 years for the Index.


PORTFOLIO COMPOSITION AS OF FEBRUARY 28, 2022	PERCENT OF TOTAL INVESTMENTS
Municipal Bonds		90.8	%
Short-Term Investments		9.2

***

The adviser seeks to achieve the Fund’s objective. There can be no guarantee it will be achieved.

Fund commenced operations on October 16, 2018.

The graph illustrates comparative performance for $10,000 invested in shares of the JPMorgan Ultra-Short Municipal Income ETF and the Bloomberg 1-Year Municipal Bond Index from October 16, 2018 to February 28, 2022. The performance of the Fund reflects the deduction of Fund expenses and assumes reinvestment of all dividends and capital gain distributions, if any. The performance of the Bloomberg 1-Year Municipal Bond Index does not reflect the deduction of expenses associated with an exchange-traded fund and has been adjusted to reflect reinvestment of all dividends and capital gain distributions of the securities included in the Index, if applicable. The Bloomberg 1 Year Municipal Bond Index is an unmanaged index that includes bonds with a

minimum credit rating of BAA3, are issued as part of a deal of at least $50 million, have an amount outstanding of at least $5 million, and have maturities of 1 to 2 years. The performance of the index does not reflect the deduction of expenses associated with a mutual fund, such as investment management fees. By contrast, the performance of the Fund reflects the deduction of the mutual fund expenses, including sales charges if applicable. An individual cannot invest directly in an index.

Fund performance reflects waiver of a portion of the Fund’s fees and reimbursement of expenses for certain periods from the Fund’s inception date and prior to implementation of a unitary fee structure on November 19, 2019. Without these waivers and reimbursements, performance would have been lower. Also, performance shown in this section does not reflect the deduction of taxes that a shareholder may pay on Fund distributions or redemption on gains resulting from or sale of Fund shares.

INVESTMENT OBJECTIVE***

The JPMorgan USD Emerging Markets Sovereign Bond ETF (the “Fund”) seeks investment results that closely correspond, before fees and expenses, to the performance of the JPMorgan Emerging Markets Risk-Aware Bond Index (the “Underlying Index”).

INVESTMENT APPROACH

The Fund is passively managed to the Underlying Index, which is comprised of liquid, U.S. dollar-denominated sovereign and quasi-sovereign fixed and floating rate debt securities from emerging markets. The Underlying Index utilizes a rules-based, proprietary methodology that filters for liquidity and for country risk and allocates risk based on credit rating. The Underlying Index methodology includes monthly rebalancing within countries and semi-annual rebalancing across countries. The Fund also employs optimization techniques that seek to minimize tracking error to the Underlying Index.

For the twelve months ended February 28, 2022, the Fund performed in line with the Underlying Index. The majority of

the Fund’s deviation against the Underlying Index was due to operating expenses, fees and tax management of the Fund’s portfolio.

During the period, the Fund’s and the Underlying Index’s allocations to high yield bonds (also known as “junk bonds”) were leading contributors to performance amid increased investor demand for higher bond yields. The Fund’s and the Underlying Index’s risk filters screened out exposures to Ecuador and Angola, which detracted from performance amid investor expectations that both nations might benefit from potential interventions by the International Monetary Fund.

HOW WAS THE FUND POSITIONED?

The Fund invested at least 80% of its assets in securities included in the Underlying Index. During the reporting period, the Fund’s and Underlying Index’s largest allocations were to Turkey and Brazil and their smallest allocations were to Ethiopia and Tunisia.


PORTFOLIO COMPOSITION BY COUNTRY AS OF FEBRUARY 28, 2022	PERCENT OF TOTAL INVESTMENTS
Turkey		7.9	%
Brazil		6.8
Oman		6.1
Colombia		5.8
Dominican Republic		5.6
South Africa		5.6
Bahrain		5.1
Mexico		3.8
Indonesia		3.4
Saudi Arabia		3.2
Qatar		3.0
United Arab Emirates		2.9
China		2.6
Nigeria		2.5
Philippines		2.3
Peru		2.1
Chile		2.1
Panama		1.9
Kenya		1.8
Malaysia		1.8
Jamaica		1.7
Pakistan		1.7
Azerbaijan		1.5
Ukraine		1.5
Uruguay		1.5
Kazakhstan		1.3
Costa Rica		1.3
Jordan		1.2
Egypt		1.2
Hungary		1.1
Morocco		1.1
Paraguay		1.0
Others (each less than 1.0%)		6.2
Short-Term Investments		1.4

Market price return was calculated assuming an initial investment made at the market price at the beginning of the reporting period, reinvestment of all dividends and distributions at market price during the period, and sale at the market price on the last day of the period. The price used to calculate the market price return was the closing price on the NYSE Arca, Inc. As of February 28, 2022, the closing price was $44.06.

***

The adviser seeks to achieve the Fund’s objective. There can be no guarantee it will be achieved.

Fund commenced operations on January 29, 2018.

The graph illustrates comparative performance for $10,000 invested in shares of the JPMorgan USD Emerging Markets Sovereign Bond ETF and the JPMorgan Emerging Markets Risk-Aware Bond Index from January 29, 2018 to February 28, 2022. The performance of the Fund reflects the deduction of Fund expenses and assumes reinvestment of all dividends and capital gain distributions, if any. The performance of the JPMorgan Emerging Markets Risk-Aware Bond Index does not reflect the deduction of expenses associated with an exchange-traded fund and has been adjusted to reflect reinvestment of all dividends and capital gain distributions of the securities included in the Index, if applicable. The JPMorgan Emerging Markets Risk-Aware Bond Index (the “index”) is comprised of liquid, U.S. dollar-denominated sovereign and quasi-sovereign fixed and floating rate debt securities from emerging markets selected using a rules-based methodology and is owned by J.P. Morgan Investment Inc., the Fund’s adviser (the “Adviser”). The Index is maintained and calculated by J.P. Morgan Securities LLC (“JPMS” or the “Index Provider”), which selects securities in accordance with the methodology from among the components of the J.P. Morgan Emerging Market Bond Index Global Diversified, which was developed and is maintained by the Index Provider. The Index Provider and the Adviser are both wholly-owned subsidiaries of JPMorgan Chase & Co., a publicly-held financial services holding company. The Index

starts with the J.P. Morgan Emerging Market Bond Index Global Diversified and applies a proprietary methodology that filters for liquidity and for country risk and allocates risk based on credit rating. Historically, the J.P. Morgan Emerging Markets Bond Index Global Diversified has included bonds issued by the countries of Angola, Argentina, Armenia, Azerbaijan, Belize, Bolivia, Brazil, Cameroon, Chile, China, Colombia, Costa Rica, Cote D’Ivoire, Croatia, Dominican Republic, Ecuador, Egypt, El Salvador, Ethiopia, Gabon, Georgia, Ghana, Guatemala, Honduras, Hungary, India, Indonesia, Iraq, Jamaica, Jordan, Kazakhstan, Kenya, Latvia, Lebanon, Lithuania, Malaysia, Mexico, Mongolia, Morocco, Mozambique, Namibia, Nigeria, Oman, Pakistan, Panama, Paraguay, Peru, Philippines, Poland, Romania, Russian Federation, Senegal, Serbia, Slovakia, South Africa, Sri Lanka, Suriname, Trinidad and Tobago, Tunisia, Turkey, Ukraine, Uruguay, Venezuela, Vietnam, Zambia; however, this universe of countries may change in accordance with the Index Provider’s determination of eligible emerging market countries and there is no assurance that a particular country will be represented in the Underlying Index at any given time. Investors cannot invest directly in an index.


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
U.S. Treasury Obligations — 56.7%

U.S. Treasury Bonds 7.50%, 11/15/2024		996,000		1,151,936

U.S. Treasury Notes

1.63%, 12/15/2022		739,000		743,070

2.00%, 2/15/2023		400,000		403,531

1.50%, 2/28/2023		705,000		707,837

1.50%, 3/31/2023		24,000		24,092

0.25%, 6/15/2023		1,240,000		1,224,452

0.13%, 6/30/2023		261,000		257,105

0.13%, 8/15/2023		566,000		556,294

2.75%, 2/15/2024		252,000		258,270

2.13%, 2/29/2024		1,000		1,013

2.38%, 2/29/2024		2,415,000		2,457,829

2.13%, 3/31/2024		70,000		70,902

0.38%, 4/15/2024		361,000		352,398

2.00%, 4/30/2024		480,000		484,913

2.25%, 4/30/2024		15,000		15,234

2.00%, 5/31/2024		335,000		338,455

1.75%, 6/30/2024		282,000		283,344

1.75%, 7/31/2024		717,000		720,249

0.38%, 9/15/2024		354,000		343,269

1.50%, 10/31/2024		258,000		257,254

0.50%, 3/31/2025		1,303,000		1,257,904

0.38%, 4/30/2025		46,000		44,167

0.25%, 5/31/2025		1,796,000		1,714,899

0.25%, 6/30/2025		340,000		324,116

0.25%, 9/30/2025		90,000		85,437

0.38%, 11/30/2025		2,440,000		2,320,859

0.38%, 12/31/2025		26,000		24,708

2.63%, 12/31/2025		5,000		5,168

0.75%, 5/31/2026		797,000		764,560

0.63%, 7/31/2026		709,000		675,267

0.75%, 8/31/2026		464,000		444,063

0.88%, 9/30/2026		140,000		134,619

1.63%, 9/30/2026		51,000		50,721

1.13%, 10/31/2026		247,000		240,072

1.63%, 10/31/2026		125,000		124,316

1.25%, 11/30/2026		139,000		135,905

1.25%, 12/31/2026		303,000		296,088

1.50%, 1/31/2027		488,000		482,434


Total U.S. Treasury Obligations (Cost $20,070,209)				19,776,750


Corporate Bonds — 24.8%

Aerospace & Defense — 0.4%

Boeing Co. (The)

1.17%, 2/4/2023		12,000		11,922


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Aerospace & Defense — continued

1.95%, 2/1/2024		4,000		3,985

4.88%, 5/1/2025		5,000		5,317

2.60%, 10/30/2025		8,000		7,953

2.75%, 2/1/2026		32,000		32,011

General Dynamics Corp.

2.25%, 11/15/2022		2,000		2,011

1.88%, 8/15/2023		10,000		10,038

2.38%, 11/15/2024		7,000		7,068

1.15%, 6/1/2026		11,000		10,535

Leidos, Inc. 3.63%, 5/15/2025		4,000		4,125

Lockheed Martin Corp. 3.10%, 1/15/2023		5,000		5,067

Precision Castparts Corp. 3.25%, 6/15/2025		16,000		16,584

Raytheon Technologies Corp. 3.20%, 3/15/2024		16,000		16,389


				133,005


Air Freight & Logistics — 0.1%

FedEx Corp. 3.25%, 4/1/2026		13,000		13,523

United Parcel Service, Inc. 2.20%, 9/1/2024		10,000		10,090


				23,613


Airlines — 0.0% (a)

Southwest Airlines Co. 5.25%, 5/4/2025		2,000		2,157


Banks — 6.4%

Banco Bilbao Vizcaya Argentaria SA (Spain) 0.88%, 9/18/2023		200,000		197,068

Banco Santander SA (Spain) (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.90%), 1.72%, 9/14/2027 (b)		200,000		188,578

Bank of America Corp.

(ICE LIBOR USD 3 Month + 0.64%), 2.01%, 2/13/2026 (b)		35,000		34,421

3.50%, 4/19/2026		60,000		62,223

(SOFR + 1.15%), 1.32%, 6/19/2026 (b)		154,000		147,235

(SOFR + 0.96%), 1.73%, 7/22/2027 (b)		39,000		37,256

Bank of Montreal (Canada)

1.25%, 9/15/2026		4,000		3,794

(SOFR + 0.60%), 0.95%, 1/22/2027 (b)		9,000		8,494

(USD Swap Semi 5 Year + 1.28%), 4.34%, 10/5/2028 (b)		12,000		12,363

Bank of Nova Scotia (The) (Canada) 2.20%, 2/3/2025		12,000		11,961

Barclays plc (United Kingdom) 3.65%, 3/16/2025		40,000		41,055


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Banks — continued

Canadian Imperial Bank of Commerce (Canada) 2.25%, 1/28/2025		20,000		19,975

Citigroup, Inc.

(ICE LIBOR USD 3 Month + 1.02%), 4.04%, 6/1/2024 (b)		24,000		24,617

3.70%, 1/12/2026		6,000		6,268

(SOFR + 0.77%), 1.12%, 1/28/2027 (b)		63,000		59,351

(SOFR + 0.77%), 1.46%, 6/9/2027 (b)		50,000		47,360

Comerica, Inc. 3.70%, 7/31/2023		15,000		15,345

Fifth Third Bancorp 4.30%, 1/16/2024		12,000		12,464

First Citizens BancShares, Inc. (TSFR3M + 2.47%), 3.38%, 3/15/2030 (b)		20,000		19,880

First Horizon Corp. 3.55%, 5/26/2023		24,000		24,384

HSBC Holdings plc (United Kingdom) (SOFR + 1.40%), 2.63%, 11/7/2025 (b)		30,000		29,962

Huntington Bancshares, Inc.

2.63%, 8/6/2024		17,000		17,129

4.00%, 5/15/2025		8,000		8,362

Korea Development Bank (The) (South Korea) 0.40%, 6/19/2024		200,000		194,076

Kreditanstalt fuer Wiederaufbau (Germany)

2.00%, 10/4/2022		25,000		25,169

0.25%, 3/8/2024		22,000		21,452

2.50%, 11/20/2024		13,000		13,298

0.38%, 7/18/2025		28,000		26,740

0.63%, 1/22/2026		26,000		24,836

Landwirtschaftliche Rentenbank (Germany)

3.13%, 11/14/2023		39,000		40,101

Series 40, 0.50%, 5/27/2025		39,000		37,460

0.88%, 3/30/2026		118,000		113,439

1.75%, 7/27/2026		1,000		998

Mitsubishi UFJ Financial Group, Inc. (Japan) 3.41%, 3/7/2024		10,000		10,252

Oesterreichische Kontrollbank AG (Austria) 3.13%, 11/7/2023		9,000		9,252

PNC Financial Services Group, Inc. (The)

2.85%, 11/9/2022 (c)		12,000		12,133

3.50%, 1/23/2024		76,000		78,214

2.20%, 11/1/2024		18,000		18,061

Regions Financial Corp. 2.25%, 5/18/2025		65,000		65,097

Royal Bank of Canada (Canada) 1.95%, 1/17/2023		11,000		11,053

Santander Holdings USA, Inc. 3.40%, 1/18/2023		26,000		26,365

Santander UK plc (United Kingdom) 4.00%, 3/13/2024		29,000		30,068


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Banks — continued

Sumitomo Mitsui Financial Group, Inc. (Japan) 3.01%, 10/19/2026		95,000		96,457

Toronto-Dominion Bank (The) (Canada)

0.75%, 9/11/2025		5,000		4,726

1.25%, 9/10/2026		10,000		9,485

Truist Bank 3.00%, 2/2/2023		14,000		14,170

Truist Financial Corp.

3.75%, 12/6/2023		12,000		12,382

3.70%, 6/5/2025		6,000		6,270

1.20%, 8/5/2025		8,000		7,713

(SOFR + 0.61%), 1.27%, 3/2/2027 (b)		29,000		27,704

US Bancorp Series V, 2.38%, 7/22/2026		91,000		91,627

Valley National Bancorp (SOFR + 2.36%), 3.00%, 6/15/2031 (b)		36,000		35,383

Wells Fargo & Co.

3.30%, 9/9/2024		17,000		17,437

(SOFR + 0.51%), 0.80%, 5/19/2025 (b)		10,000		9,683

3.55%, 9/29/2025		13,000		13,475

(ICE LIBOR USD 3 Month + 0.75%), 2.16%, 2/11/2026 (b)		50,000		49,407

3.00%, 4/22/2026		8,000		8,109

(SOFR + 2.00%), 2.19%, 4/30/2026 (b)		25,000		24,681

3.00%, 10/23/2026		2,000		2,028

(ICE LIBOR USD 3 Month + 1.17%), 3.20%, 6/17/2027 (b)		5,000		5,082


				2,223,428


Beverages — 0.2%

Coca-Cola Co. (The) 1.75%, 9/6/2024		15,000		15,006

Keurig Dr Pepper, Inc.

3.13%, 12/15/2023		14,000		14,284

3.40%, 11/15/2025		2,000		2,062

PepsiCo, Inc.

3.60%, 3/1/2024		20,000		20,673

2.85%, 2/24/2026		10,000		10,308

2.38%, 10/6/2026		2,000		2,028


				64,361


Biotechnology — 0.4%

AbbVie, Inc.

3.75%, 11/14/2023		4,000		4,125

3.85%, 6/15/2024		17,000		17,583

2.60%, 11/21/2024		10,000		10,091

3.80%, 3/15/2025		42,000		43,623

3.60%, 5/14/2025		15,000		15,501

Amgen, Inc.

3.63%, 5/22/2024		15,000		15,499

1.90%, 2/21/2025		8,000		7,952


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Biotechnology — continued

Baxalta, Inc. 4.00%, 6/23/2025		4,000		4,181

Gilead Sciences, Inc.

2.50%, 9/1/2023		10,000		10,110

3.65%, 3/1/2026		13,000		13,564


				142,229


Building Products — 0.0% (a)

Carrier Global Corp. 2.24%, 2/15/2025		9,000		8,989

Lennox International, Inc. 1.35%, 8/1/2025		2,000		1,925


				10,914


Capital Markets — 2.8%

Ameriprise Financial, Inc. 3.70%, 10/15/2024		8,000		8,334

Bain Capital Specialty Finance, Inc. 2.55%, 10/13/2026		24,000		22,480

Bank of New York Mellon Corp. (The)

1.60%, 4/24/2025		10,000		9,845

0.75%, 1/28/2026		51,000		48,377

1.05%, 10/15/2026		9,000		8,559

Blackstone Secured Lending Fund 2.75%, 9/16/2026		5,000		4,798

Charles Schwab Corp. (The) 0.90%, 3/11/2026		90,000		85,315

Deutsche Bank AG (Germany) 3.70%, 5/30/2024		26,000		26,688

Franklin Resources, Inc. 2.85%, 3/30/2025		2,000		2,039

Goldman Sachs Group, Inc. (The)

3.20%, 2/23/2023		25,000		25,310

3.63%, 2/20/2024		13,000		13,358

3.85%, 7/8/2024		15,000		15,496

3.50%, 4/1/2025		50,000		51,407

3.75%, 5/22/2025		15,000		15,520

(ICE LIBOR USD 3 Month + 1.20%), 3.27%, 9/29/2025 (b)		20,000		20,358

3.75%, 2/25/2026		5,000		5,207

(SOFR + 0.82%), 1.54%, 9/10/2027 (b)		8,000		7,539

(SOFR + 0.91%), 1.95%, 10/21/2027 (b)		29,000		27,802

(SOFR + 1.11%), 2.64%, 2/24/2028 (b)		13,000		12,847

Golub Capital BDC, Inc.

2.50%, 8/24/2026		4,000		3,786

2.05%, 2/15/2027		33,000		30,193

Janus Henderson US Holdings, Inc. 4.88%, 8/1/2025		5,000		5,333

Jefferies Group LLC 4.85%, 1/15/2027		5,000		5,448

Moody’s Corp. 4.88%, 2/15/2024		7,000		7,341

Morgan Stanley

3.13%, 1/23/2023		31,000		31,399


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Capital Markets — continued

3.70%, 10/23/2024		29,000		29,999

(SOFR + 0.51%), 0.79%, 1/22/2025 (b)		3,000		2,915

Series I, (SOFR + 0.75%), 0.86%, 10/21/2025 (b)		207,000		198,668

4.35%, 9/8/2026		4,000		4,248

(SOFR + 0.88%), 1.59%, 5/4/2027 (b)		24,000		22,865

(SOFR + 0.86%), 1.51%, 7/20/2027 (b)		20,000		18,960

State Street Corp.

3.10%, 5/15/2023		19,000		19,335

3.70%, 11/20/2023		56,000		57,863

(ICE LIBOR USD 3 Month + 0.77%), 3.78%, 12/3/2024 (b)		10,000		10,319

3.55%, 8/18/2025		24,000		25,055

(SOFR + 0.94%), 2.35%, 11/1/2025 (b)		48,000		48,290

(SOFR + 0.73%), 2.20%, 2/7/2028 (b)		29,000		28,629

Stifel Financial Corp. 4.25%, 7/18/2024		2,000		2,083


				964,008


Chemicals — 0.3%

Air Products and Chemicals, Inc. 1.50%, 10/15/2025		21,000		20,540

Celanese US Holdings LLC 1.40%, 8/5/2026		11,000		10,346

International Flavors & Fragrances, Inc. 3.20%, 5/1/2023		35,000		35,417

LYB International Finance III LLC 1.25%, 10/1/2025		7,000		6,689

Mosaic Co. (The) 4.25%, 11/15/2023		2,000		2,068

Nutrien Ltd. (Canada) 3.00%, 4/1/2025		6,000		6,101

PPG Industries, Inc. 1.20%, 3/15/2026		8,000		7,637


				88,798


Commercial Services & Supplies — 0.1%

Waste Management, Inc. 0.75%, 11/15/2025		23,000		21,736


Communications Equipment — 0.0% (a)

Cisco Systems, Inc. 2.20%, 9/20/2023		4,000		4,041


Consumer Finance — 1.9%

AerCap Ireland Capital DAC (Ireland) 3.15%, 2/15/2024		150,000		151,529

Ally Financial, Inc. 3.88%, 5/21/2024		87,000		89,764

American Express Co. 2.65%, 12/2/2022		112,000		113,149

American Honda Finance Corp.

3.63%, 10/10/2023		16,000		16,471

1.20%, 7/8/2025		15,000		14,500

1.00%, 9/10/2025		10,000		9,578

Capital One Financial Corp. 3.30%, 10/30/2024		51,000		52,225


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Consumer Finance — continued

Caterpillar Financial Services Corp.

3.30%, 6/9/2024		12,000		12,376

0.60%, 9/13/2024		1,000		967

3.25%, 12/1/2024		6,000		6,199

0.80%, 11/13/2025		12,000		11,435

1.15%, 9/14/2026		1,000		955

Discover Financial Services 3.85%, 11/21/2022		25,000		25,454

General Motors Financial Co., Inc. 5.10%, 1/17/2024		47,000		49,321

John Deere Capital Corp.

2.70%, 1/6/2023		23,000		23,294

0.70%, 7/5/2023		7,000		6,921

0.40%, 10/10/2023		1,000		982

2.65%, 6/24/2024		15,000		15,247

1.25%, 1/10/2025		2,000		1,961

1.70%, 1/11/2027		47,000		45,949

PACCAR Financial Corp.

1.10%, 5/11/2026		1,000		960

2.00%, 2/4/2027		1,000		991

Synchrony Financial 3.70%, 8/4/2026		12,000		12,227

Toyota Motor Credit Corp.

0.80%, 10/16/2025		5,000		4,754

0.80%, 1/9/2026		8,000		7,593


				674,802


Containers & Packaging — 0.0% (a)

Berry Global, Inc. 1.57%, 1/15/2026		2,000		1,905

WRKCo, Inc. 4.65%, 3/15/2026		3,000		3,237


				5,142


Diversified Consumer Services — 0.0% (a)

Yale University Series 2020, 0.87%, 4/15/2025		1,000		969


Diversified Financial Services — 0.2%

Berkshire Hathaway, Inc. 3.13%, 3/15/2026		19,000		19,729

National Rural Utilities Cooperative Finance Corp.

1.00%, 6/15/2026		35,000		33,084

(ICE LIBOR USD 3 Month + 2.91%), 4.75%, 4/30/2043 (b)		3,000		2,948

(ICE LIBOR USD 3 Month + 3.63%), 5.25%, 4/20/2046 (b)		4,000		4,134

Private Export Funding Corp. Series II, 2.05%, 11/15/2022		5,000		5,035

Shell International Finance BV (Netherlands) 2.00%, 11/7/2024		1,000		1,003


				65,933


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Diversified Telecommunication Services — 0.1%

AT&T, Inc.

3.40%, 5/15/2025		20,000		20,683

4.13%, 2/17/2026		5,000		5,331

Verizon Communications, Inc.

0.75%, 3/22/2024		11,000		10,767

0.85%, 11/20/2025		7,000		6,653


				43,434


Electric Utilities — 0.8%

American Electric Power Co., Inc.

Series N, 1.00%, 11/1/2025		2,000		1,897

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.68%), 3.88%, 2/15/2062 (b)		5,000		4,699

Avangrid, Inc. 3.20%, 4/15/2025		8,000		8,183

Duke Energy Corp.

0.90%, 9/15/2025		22,000		20,883

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.32%), 3.25%, 1/15/2082 (b)		2,000		1,831

Entergy Louisiana LLC 0.62%, 11/17/2023		10,000		9,811

Eversource Energy

Series Q, 0.80%, 8/15/2025		20,000		18,888

Series U, 1.40%, 8/15/2026		9,000		8,568

Georgia Power Co. Series A, 2.20%, 9/15/2024		16,000		15,960

Iberdrola International BV (Spain) 5.81%, 3/15/2025		2,000		2,209

ITC Holdings Corp. 3.25%, 6/30/2026		10,000		10,267

Oncor Electric Delivery Co. LLC 0.55%, 10/1/2025		101,000		94,835

Pacific Gas and Electric Co.

3.40%, 8/15/2024		6,000		6,052

3.45%, 7/1/2025		15,000		15,101

3.15%, 1/1/2026		4,000		3,984

2.95%, 3/1/2026		6,000		5,887

Public Service Electric and Gas Co. 0.95%, 3/15/2026		49,000		46,783

Southern Co. (The) Series 21-A, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.92%), 3.75%, 9/15/2051 (b)		4,000		3,717


				279,555


Electronic Equipment, Instruments & Components — 0.7%

TD SYNNEX Corp. 1.25%, 8/9/2024 (d)		206,000		199,887

Vontier Corp. 1.80%, 4/1/2026		67,000		62,583


				262,470


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Energy Equipment & Services — 0.1%

Schlumberger Investment SA 3.65%, 12/1/2023		37,000		38,008


Entertainment — 0.3%

TWDC Enterprises 18 Corp. 1.85%, 7/30/2026		69,000		67,773

Walt Disney Co. (The) 1.75%, 8/30/2024		14,000		13,941

1.75%, 1/13/2026		10,000		9,815


				91,529


Equity Real Estate Investment Trusts (REITs) — 0.7%

American Campus Communities Operating Partnership LP 3.30%, 7/15/2026		4,000		4,116

American Tower Corp. 2.95%, 1/15/2025		2,000		2,022

1.45%, 9/15/2026		12,000		11,366

AvalonBay Communities, Inc. 4.20%, 12/15/2023		6,000		6,209

3.50%, 11/15/2024		11,000		11,343

3.45%, 6/1/2025		5,000		5,157

3.50%, 11/15/2025		2,000		2,079

Boston Properties LP 3.13%, 9/1/2023		6,000		6,096

3.65%, 2/1/2026		10,000		10,358

Brixmor Operating Partnership LP 3.65%, 6/15/2024		9,000		9,270

Crown Castle International Corp. 1.35%, 7/15/2025		27,000		25,906

CyrusOne LP 2.90%, 11/15/2024		2,000		2,037

ERP Operating LP 2.85%, 11/1/2026		1,000		1,024

Essex Portfolio LP 3.50%, 4/1/2025		8,000		8,248

Healthpeak Properties, Inc. 1.35%, 2/1/2027		2,000		1,893

Mid-America Apartments LP 1.10%, 9/15/2026		9,000		8,447

Office Properties Income Trust 4.50%, 2/1/2025		46,000		47,159

Realty Income Corp. 3.88%, 4/15/2025		20,000		20,881

Simon Property Group LP 3.50%, 9/1/2025		48,000		49,589

Welltower, Inc. 4.00%, 6/1/2025		12,000		12,560


				245,760


Food & Staples Retailing — 0.1%

Kroger Co. (The) 3.50%, 2/1/2026		2,000		2,082

2.65%, 10/15/2026		8,000		8,075

Walmart, Inc. 2.55%, 4/11/2023		5,000		5,058

1.05%, 9/17/2026		27,000		25,936


				41,151


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Food Products — 0.1%

Bunge Ltd. Finance Corp. 1.63%, 8/17/2025		17,000		16,502

Kellogg Co. 3.25%, 4/1/2026		8,000		8,213

Tyson Foods, Inc. 3.90%, 9/28/2023		9,000		9,254


				33,969


Gas Utilities — 0.1%

Eastern Energy Gas Holdings LLC 3.55%, 11/1/2023		17,000		17,383

National Fuel Gas Co. 5.50%, 1/15/2026		20,000		21,685

Southern California Gas Co. Series TT, 2.60%, 6/15/2026		10,000		10,103


				49,171


Health Care Equipment & Supplies — 0.1%

Medtronic, Inc. 3.50%, 3/15/2025		7,000		7,301

Stryker Corp.

0.60%, 12/1/2023		4,000		3,914

1.15%, 6/15/2025		10,000		9,636

Zimmer Biomet Holdings, Inc. 3.05%, 1/15/2026		11,000		11,171


				32,022


Health Care Providers & Services — 1.0%

AmerisourceBergen Corp. 0.74%, 3/15/2023		137,000		135,834

Anthem, Inc.

3.50%, 8/15/2024		13,000		13,374

3.35%, 12/1/2024		15,000		15,441

1.50%, 3/15/2026		13,000		12,575

Cigna Corp.

0.61%, 3/15/2024		100,000		97,542

1.25%, 3/15/2026		2,000		1,913

CommonSpirit Health 2.76%, 10/1/2024		5,000		5,043

CVS Health Corp. 3.88%, 7/20/2025		25,000		26,133

HCA, Inc. 5.25%, 4/15/2025		9,000		9,665

Humana, Inc. 1.35%, 2/3/2027		12,000		11,304

UnitedHealth Group, Inc.

2.75%, 2/15/2023		21,000		21,203

1.25%, 1/15/2026		10,000		9,662


				359,689


Hotels, Restaurants & Leisure — 0.7%

Marriott International, Inc. Series Z, 4.15%, 12/1/2023		2,000		2,065

McDonald’s Corp. 3.35%, 4/1/2023		8,000		8,149

3.25%, 6/10/2024		8,000		8,244

Sands China Ltd. (Macau) 5.12%, 8/8/2025 (c)		200,000		201,395


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Hotels, Restaurants & Leisure — continued

Starbucks Corp. 3.10%, 3/1/2023		11,000		11,170


				231,023


Household Durables — 0.1%

DR Horton, Inc. 2.50%, 10/15/2024		19,000		19,086


Household Products — 0.2%

Kimberly-Clark Corp. 3.05%, 8/15/2025		16,000		16,503

Procter & Gamble Co. (The)

0.55%, 10/29/2025		44,000		41,845

1.90%, 2/1/2027		26,000		25,947


				84,295


Industrial Conglomerates — 0.2%

3M Co.

1.75%, 2/14/2023		15,000		15,063

2.25%, 3/15/2023		6,000		6,053

Honeywell International, Inc.

3.35%, 12/1/2023		12,000		12,328

2.30%, 8/15/2024		15,000		15,152

Roper Technologies, Inc.

3.65%, 9/15/2023		10,000		10,253

1.00%, 9/15/2025		4,000		3,805


				62,654


Insurance — 0.4%

Aflac, Inc.

3.25%, 3/17/2025		4,000		4,138

1.13%, 3/15/2026		30,000		28,664

Allied World Assurance Co. Holdings Ltd. 4.35%, 10/29/2025		9,000		9,422

Allstate Corp. (The) 0.75%, 12/15/2025		30,000		28,225

Aon Corp. 2.20%, 11/15/2022		25,000		25,156

Aspen Insurance Holdings Ltd. (Bermuda) 4.65%, 11/15/2023		2,000		2,077

Kemper Corp. 4.35%, 2/15/2025		6,000		6,299

Old Republic International Corp. 3.88%, 8/26/2026		6,000		6,264

Prudential Financial, Inc. 1.50%, 3/10/2026		18,000		17,616

(ICE LIBOR USD 3 Month + 3.03%), 5.38%, 5/15/2045 (b)		8,000		8,145


				136,006


Interactive Media & Services — 0.0% (a)

Alphabet, Inc.

3.38%, 2/25/2024		6,000		6,212

0.45%, 8/15/2025		9,000		8,584


				14,796


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Internet & Direct Marketing Retail — 0.2%

Amazon.com, Inc.

2.80%, 8/22/2024		7,000		7,160

0.80%, 6/3/2025		10,000		9,648

1.00%, 5/12/2026		37,000		35,613

eBay, Inc. 1.90%, 3/11/2025		2,000		1,976


				54,397


IT Services — 0.1%

CGI, Inc. (Canada) 1.45%, 9/14/2026 (d)		3,000		2,854

Fidelity National Information Services, Inc.

0.60%, 3/1/2024		8,000		7,769

Kyndryl Holdings, Inc. 2.05%, 10/15/2026 (d)		7,000		6,604

Mastercard, Inc. 3.38%, 4/1/2024		7,000		7,239

PayPal Holdings, Inc. 2.40%, 10/1/2024		16,000		16,139


				40,605


Leisure Products — 0.0% (a)

Hasbro, Inc.

3.00%, 11/19/2024		5,000		5,069

3.55%, 11/19/2026		3,000		3,099


				8,168


Machinery — 0.3%

CNH Industrial Capital LLC

1.88%, 1/15/2026		13,000		12,667

1.45%, 7/15/2026		3,000		2,849

Cummins, Inc. 0.75%, 9/1/2025		92,000		87,604


				103,120


Media — 0.5%

Charter Communications Operating LLC 4.91%, 7/23/2025		10,000		10,609

Comcast Corp.

3.38%, 8/15/2025		20,000		20,697

3.95%, 10/15/2025		13,000		13,723

2.35%, 1/15/2027		8,000		7,982

Fox Corp. 3.05%, 4/7/2025		14,000		14,280

Omnicom Group, Inc. 3.65%, 11/1/2024		9,000		9,300

Paramount Global 4.00%, 1/15/2026		16,000		16,699

TCI Communications, Inc. 7.88%, 2/15/2026		1,000		1,204

WPP Finance 2010 (United Kingdom) 3.75%, 9/19/2024		66,000		68,350


				162,844


Metals & Mining — 0.0% (a)

ArcelorMittal SA (Luxembourg) 4.55%, 3/11/2026		2,000		2,100


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Metals & Mining — continued

BHP Billiton Finance USA Ltd. (Australia) 6.42%, 3/1/2026		1,000		1,157


				3,257


Multiline Retail — 0.0% (a)

Target Corp. 2.25%, 4/15/2025		15,000		15,101


Multi-Utilities — 0.2%

Delmarva Power & Light Co. 3.50%, 11/15/2023		17,000		17,427

Dominion Energy, Inc. 3.07%, 8/15/2024 (c)		24,000		24,454

(ICE LIBOR USD 3 Month + 3.06%), 5.75%, 10/1/2054 (b)		4,000		4,087

DTE Energy Co. 2.85%, 10/1/2026		3,000		3,030

NiSource, Inc. 0.95%, 8/15/2025		10,000		9,456


				58,454


Oil, Gas & Consumable Fuels — 1.5%

BP Capital Markets America, Inc.

2.75%, 5/10/2023		75,000		75,904

3.79%, 2/6/2024		1,000		1,032

3.41%, 2/11/2026		12,000		12,431

BP Capital Markets plc (United Kingdom) 3.99%, 9/26/2023		3,000		3,097

Canadian Natural Resources Ltd. (Canada)

3.90%, 2/1/2025		16,000		16,636

2.05%, 7/15/2025		3,000		2,955

Cheniere Corpus Christi Holdings LLC 5.88%, 3/31/2025		10,000		10,802

Chevron Corp. 1.14%, 5/11/2023		6,000		5,978

Chevron USA, Inc. 0.69%, 8/12/2025		3,000		2,865

ConocoPhillips Co. 3.35%, 11/15/2024		2,000		2,062

Energy Transfer LP 4.25%, 4/1/2024		11,000		11,368

2.90%, 5/15/2025		13,000		13,075

4.75%, 1/15/2026		7,000		7,436

Enterprise Products Operating LLC 3.75%, 2/15/2025		45,000		46,810

EOG Resources, Inc. 2.63%, 3/15/2023		9,000		9,072

Equinor ASA (Norway) 1.75%, 1/22/2026		57,000		55,929

Exxon Mobil Corp.

2.73%, 3/1/2023		20,000		20,238

3.18%, 3/15/2024		25,000		25,691

3.04%, 3/1/2026		9,000		9,315

Kinder Morgan Energy Partners LP 4.15%, 2/1/2024		19,000		19,610

Marathon Petroleum Corp. 4.70%, 5/1/2025		6,000		6,377

MPLX LP 4.88%, 12/1/2024		23,000		24,372

ONEOK, Inc. 2.20%, 9/15/2025		30,000		29,607


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Oil, Gas & Consumable Fuels — continued

Ovintiv Exploration, Inc. 5.38%, 1/1/2026		5,000		5,405

Petroleos Mexicanos (Mexico) 6.84%, 1/23/2030 (e)		1		1

Phillips 66 1.30%, 2/15/2026		10,000		9,542

Pioneer Natural Resources Co. 1.13%, 1/15/2026		15,000		14,274

Sabine Pass Liquefaction LLC 5.63%, 3/1/2025		23,000		24,832

Spectra Energy Partners LP 4.75%, 3/15/2024		4,000		4,184

TotalEnergies Capital International SA (France) 2.43%, 1/10/2025		3,000		3,025

Williams Cos., Inc. (The) 4.50%, 11/15/2023		34,000		35,253

3.90%, 1/15/2025		3,000		3,115


				512,293


Paper & Forest Products — 0.1%

Fibria Overseas Finance Ltd. (Brazil) 4.00%, 1/14/2025		9,000		9,246

5.50%, 1/17/2027		6,000		6,452

Georgia-Pacific LLC 8.00%, 1/15/2024		17,000		18,907


				34,605


Personal Products — 0.0% (a)

Estee Lauder Cos., Inc. (The) 2.00%, 12/1/2024		15,000		15,066


Pharmaceuticals — 0.7%

AstraZeneca plc (United Kingdom) 3.38%, 11/16/2025		3,000		3,125

Bristol-Myers Squibb Co. 3.25%, 11/1/2023		15,000		15,405

2.90%, 7/26/2024		9,000		9,215

3.88%, 8/15/2025		8,000		8,438

0.75%, 11/13/2025		11,000		10,438

Eli Lilly & Co. 2.75%, 6/1/2025		15,000		15,310

GlaxoSmithKline Capital plc (United Kingdom) 3.00%, 6/1/2024		4,000		4,090

Johnson & Johnson 3.38%, 12/5/2023		26,000		26,917

0.55%, 9/1/2025		75,000		71,413

Merck & Co., Inc. 2.75%, 2/10/2025		27,000		27,621

Mylan, Inc. 4.20%, 11/29/2023		13,000		13,369

Novartis Capital Corp. (Switzerland) 1.75%, 2/14/2025		2,000		1,988

Pfizer, Inc.

3.40%, 5/15/2024		15,000		15,536

2.75%, 6/3/2026		5,000		5,139


				228,004


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Road & Rail — 0.3%

BNSF Funding Trust I (ICE LIBOR USD 3 Month + 2.35%), 6.61%, 12/15/2055 (b)		1,000		1,078

Burlington Northern Santa Fe LLC 3.00%, 4/1/2025		29,000		29,664

3.65%, 9/1/2025		8,000		8,362

JB Hunt Transport Services, Inc. 3.88%, 3/1/2026		5,000		5,270

Norfolk Southern Corp. 3.85%, 1/15/2024		2,000		2,063

Ryder System, Inc. 3.75%, 6/9/2023		37,000		37,818

4.63%, 6/1/2025		8,000		8,511

Union Pacific Corp. 2.15%, 2/5/2027		4,000		3,958


				96,724


Semiconductors & Semiconductor Equipment — 0.7%

Broadcom, Inc. 3.63%, 10/15/2024		10,000		10,294

Intel Corp. 2.70%, 12/15/2022		7,000		7,085

3.40%, 3/25/2025		2,000		2,072

NXP BV (China) 4.88%, 3/1/2024 (d)		2,000		2,098

QUALCOMM, Inc. 2.60%, 1/30/2023		31,000		31,348

Texas Instruments, Inc. 1.38%, 3/12/2025		6,000		5,899

TSMC Arizona Corp. (Taiwan) 1.75%, 10/25/2026		200,000		193,817


				252,613


Software — 0.4%

Adobe, Inc. 1.90%, 2/1/2025		7,000		7,002

Microsoft Corp. 2.70%, 2/12/2025		15,000		15,389

Oracle Corp. 2.40%, 9/15/2023		107,000		107,773

1.65%, 3/25/2026		14,000		13,409


				143,573


Specialty Retail — 0.1%

Home Depot, Inc. (The) 2.70%, 4/1/2023		2,000		2,022

3.35%, 9/15/2025		5,000		5,197

Lowe’s Cos., Inc. 3.13%, 9/15/2024		30,000		30,709

3.38%, 9/15/2025		6,000		6,222


				44,150


Technology Hardware, Storage & Peripherals — 0.4%

Apple, Inc.

2.40%, 5/3/2023		7,000		7,086

0.75%, 5/11/2023		13,000		12,915

3.45%, 5/6/2024		10,000		10,361

2.75%, 1/13/2025		10,000		10,245

2.50%, 2/9/2025		2,000		2,036


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Technology Hardware, Storage & Peripherals — continued

Dell International LLC

4.00%, 7/15/2024		15,000		15,565

5.85%, 7/15/2025		14,000		15,387

Hewlett Packard Enterprise Co.

1.45%, 4/1/2024		16,000		15,752

1.75%, 4/1/2026		14,000		13,516

HP, Inc.

2.20%, 6/17/2025		38,000		37,759

1.45%, 6/17/2026		2,000		1,897


				142,519


Textiles, Apparel & Luxury Goods — 0.1%

NIKE, Inc. 2.40%, 3/27/2025		20,000		20,287


Tobacco — 0.1%

Altria Group, Inc. 2.63%, 9/16/2026		2,000		1,997

BAT Capital Corp. (United Kingdom)

2.79%, 9/6/2024		19,000		19,120

3.22%, 9/6/2026		2,000		2,002

Philip Morris International, Inc.

2.63%, 3/6/2023		9,000		9,098

1.50%, 5/1/2025		3,000		2,927

Reynolds American, Inc. (United Kingdom) 4.45%, 6/12/2025		11,000		11,517


				46,661


Trading Companies & Distributors — 0.6%

Air Lease Corp. 1.88%, 8/15/2026		2,000		1,901

BOC Aviation Ltd. (Singapore) 3.00%, 5/23/2022 (e)		200,000		200,281


				202,182


Water Utilities — 0.0% (a)

American Water Capital Corp. 3.40%, 3/1/2025		2,000		2,060


Wireless Telecommunication Services — 0.0% (a)

Vodafone Group plc (United Kingdom) 4.13%, 5/30/2025		7,000		7,361


Total Corporate Bonds (Cost $8,865,746)				8,643,798


Mortgage-Backed Securities — 8.7%

FHLMC Gold Pools, 15 Year

Pool # J14776, 3.00%, 3/1/2026		8,227		8,454

Pool # G18452, 2.50%, 12/1/2027		22,318		22,653


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Mortgage-Backed Securities — continued

Pool # G18511, 2.50%, 5/1/2029		2,129		2,161

Pool # G18549, 2.50%, 4/1/2030		19,970		20,271

Pool # G15520, 3.00%, 7/1/2030		9,910		10,217

Pool # G18568, 2.50%, 9/1/2030		9,576		9,720

Pool # J33012, 3.00%, 10/1/2030		25,184		26,016

Pool # G18600, 2.50%, 5/1/2031		7,004		7,110

Pool # G16028, 3.00%, 8/1/2031		5,759		5,948

Pool # J35495, 2.50%, 10/1/2031		14,094		14,327

Pool # G18626, 2.50%, 1/1/2032		31,579		32,056

Pool # G18632, 3.00%, 2/1/2032		7,319		7,559

Pool # J37147, 3.00%, 6/1/2032		8,367		8,628

Pool # G16207, 3.50%, 7/1/2032		7,801		8,188

Pool # G18715, 3.00%, 12/1/2033		5,134		5,300

FHLMC UMBS, 15 Year

Pool # ZS8617, 2.50%, 8/1/2031		15,437		15,635

Pool # ZS7938, 2.50%, 1/1/2033		2,157		2,193

Pool # ZS7988, 3.50%, 2/1/2033		10,909		11,416

Pool # ZK9341, 3.00%, 3/1/2033		2,769		2,857

Pool # ZT0716, 3.00%, 10/1/2033		2,756		2,843

Pool # SB0194, 2.50%, 12/1/2033		5,819		5,902

Pool # SB0109, 2.50%, 11/1/2034		25,272		25,666

Pool # SB8021, 3.00%, 12/1/2034		5,004		5,137

Pool # SB0264, 2.50%, 2/1/2035		12,676		12,882

Pool # QN2057, 3.00%, 5/1/2035		14,233		14,767

Pool # SB0345, 2.00%, 6/1/2035		78,456		77,979

Pool # SB0401, 2.00%, 7/1/2035		20,564		20,439

Pool # SB0394, 2.50%, 7/1/2035		11,344		11,495

Pool # SB8501, 2.00%, 8/1/2035		54,426		54,143

Pool # SB0406, 2.50%, 8/1/2035		21,329		21,665

Pool # SB8058, 2.50%, 8/1/2035		26,791		27,134

Pool # RC1591, 1.50%, 10/1/2035		63,773		62,119

Pool # QN4391, 1.50%, 11/1/2035		65,726		64,041

Pool # QN4278, 2.00%, 11/1/2035		8,124		8,074

Pool # QN4490, 1.50%, 12/1/2035		93,018		90,636

Pool # SB0450, 2.00%, 12/1/2035		47,781		47,490

Pool # QN4861, 1.50%, 1/1/2036		71,892		70,050

Pool # SB8088, 1.50%, 2/1/2036		16,409		15,989

Pool # SB8102, 1.50%, 5/1/2036		28,864		28,125

Pool # RC2089, 2.00%, 7/1/2036		78,856		78,405

Pool # SB8118, 1.50%, 9/1/2036		61,690		60,110

Pool # SB8127, 1.50%, 11/1/2036		77,629		75,639

FNMA UMBS, 15 Year

Pool # AK3264, 3.00%, 2/1/2027		5,030		5,177

Pool # AV4793, 3.50%, 5/1/2029		8,367		8,650

Pool # AW3641, 3.00%, 6/1/2029		10,010		10,306

Pool # AS4489, 2.50%, 3/1/2030		2,289		2,326


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pool # AL6583, 3.00%, 3/1/2030		4,813		4,971

Pool # AS4860, 2.50%, 5/1/2030		16,895		17,154

Pool # AL9852, 3.00%, 9/1/2030		13,814		14,245

Pool # AS7467, 2.50%, 7/1/2031		7,534		7,643

Pool # AS7606, 2.50%, 7/1/2031		26,853		27,273

Pool # AS7620, 2.50%, 7/1/2031		39,368		39,963

Pool # AS7657, 2.50%, 8/1/2031		13,873		14,056

Pool # FM6169, 3.50%, 5/1/2032		66,736		68,944

Pool # 890822, 3.00%, 12/1/2032		44,219		45,642

Pool # BM3276, 3.50%, 12/1/2032		9,753		10,145

Pool # CA1089, 3.00%, 2/1/2033		8,229		8,516

Pool # FM3937, 3.00%, 4/1/2033		9,138		9,430

Pool # FM4036, 2.50%, 12/1/2033		10,079		10,222

Pool # BN3975, 3.00%, 1/1/2034		1,054		1,087

Pool # MA3631, 3.00%, 4/1/2034		9,325		9,610

Pool # MA3709, 2.50%, 6/1/2034		5,614		5,691

Pool # BJ5549, 3.00%, 8/1/2034		3,018		3,111

Pool # FM2403, 3.50%, 9/1/2034		9,275		9,669

Pool # FM5400, 2.50%, 10/1/2034		13,395		13,608

Pool # BO4944, 2.50%, 11/1/2034		30,956		31,444

Pool # MA3828, 3.00%, 11/1/2034		8,662		8,923

Pool # FM4671, 3.50%, 1/1/2035		2,863		2,993

Pool # BP5762, 2.50%, 6/1/2035		39,034		39,556

Pool # FM3654, 3.00%, 6/1/2035		26,113		26,796

Pool # FM3936, 2.50%, 8/1/2035		6,162		6,241

Pool # MA4154, 1.50%, 10/1/2035		41,901		40,816

Pool # CA7497, 2.50%, 10/1/2035		10,823		10,988

Pool # FM4850, 2.00%, 11/1/2035		37,516		37,317

Pool # FM5396, 2.00%, 12/1/2035		55,552		55,293

Pool # CA8788, 2.00%, 1/1/2036		76,557		76,091

Pool # FM6510, 2.00%, 3/1/2036		37,335		37,162

Pool # FM6512, 2.00%, 3/1/2036		39,579		39,372

Pool # MA4298, 2.50%, 3/1/2036		22,400		22,790

Pool # CB0302, 1.50%, 5/1/2036		58,871		57,362

Pool # FM7113, 2.00%, 5/1/2036		45,151		44,893

Pool # MA4329, 2.00%, 5/1/2036		70,383		69,955

Pool # BP3507, 2.00%, 6/1/2036		69,707		69,283

Pool # CB0747, 2.50%, 6/1/2036		11,616		11,799

Pool # MA4361, 2.50%, 6/1/2036		15,674		15,885

Pool # MA4383, 2.00%, 7/1/2036		205,190		203,941

Pool # MA4384, 2.50%, 7/1/2036		16,223		16,430

Pool # FM9020, 2.00%, 9/1/2036		28,547		28,385

Pool # FM9367, 1.50%, 11/1/2036		53,314		51,933

Pool # MA4470, 2.00%, 11/1/2036		38,625		38,390

Pool # MA4497, 2.00%, 12/1/2036		37,058		36,832


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Mortgage-Backed Securities — continued

FNMA/FHLMC UMBS, Single Family, 15 Year

TBA, 2.50%, 4/25/2036 (f)		110,000		111,048

TBA, 1.50%, 3/25/2037 (f)		108,000		105,089

TBA, 2.00%, 3/25/2037 (f)		130,000		129,035

TBA, 3.00%, 3/25/2037 (f)		120,000		123,024

GNMA II, 15 Year

Pool # MA4559, 3.00%, 7/20/2032		7,069		7,271

Pool # MA7107, 2.50%, 1/20/2036		24,165		24,661


Total Mortgage-Backed Securities (Cost $3,108,601)				3,029,876


Supranational — 2.9%

African Development Bank (Supranational)

3.00%, 9/20/2023		51,000		52,248

0.88%, 7/22/2026		53,000		50,969

Asian Development Bank (Supranational)

0.25%, 7/14/2023		1,000		986

0.38%, 6/11/2024		200,000		194,648

1.50%, 10/18/2024		9,000		8,975

2.00%, 1/22/2025		23,000		23,221

0.38%, 9/3/2025		13,000		12,379

1.00%, 4/14/2026		52,000		50,251

1.50%, 1/20/2027		58,000		57,114

Asian Infrastructure Investment Bank (The) (Supranational)

2.25%, 5/16/2024		94,000		95,397

0.50%, 5/28/2025		60,000		57,581

European Bank for Reconstruction & Development (Supranational)

1.50%, 2/13/2025		5,000		4,971

0.50%, 11/25/2025		19,000		18,095

0.50%, 1/28/2026		8,000		7,597

European Investment Bank (Supranational)

2.50%, 3/15/2023		2,000		2,028

3.13%, 12/14/2023		24,000		24,714

2.50%, 10/15/2024		2,000		2,046

1.63%, 3/14/2025		61,000		60,875

0.38%, 3/26/2026		13,000		12,273

Inter-American Development Bank (Supranational)

0.50%, 5/24/2023		17,000		16,849

0.50%, 9/23/2024		44,000		42,781

0.63%, 7/15/2025		57,000		54,880

0.88%, 4/20/2026		14,000		13,463

International Bank for Reconstruction & Development (Supranational)

2.50%, 11/25/2024		15,000		15,352


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


2.13%, 3/3/2025		6,000		6,077

0.63%, 4/22/2025		72,000		69,605

2.50%, 7/29/2025		34,000		34,831

0.50%, 10/28/2025		2,000		1,909

International Finance Corp. (Supranational) 0.38%, 7/16/2025		15,000		14,327


Total Supranational (Cost $1,031,700)				1,006,442

Commercial Mortgage-Backed Securities — 2.4%

Benchmark Mortgage Trust

Series 2018-B3, Class A3, 3.75%, 4/10/2051		25,000		25,773

Series 2019-B12, Class A2, 3.00%, 8/15/2052		7,000		7,084

CGMS Commercial Mortgage Trust

Series 2017-B1, Class AAB, 3.24%, 8/15/2050		16,000		16,298

Citigroup Commercial Mortgage Trust

Series 2013-GC17, Class A4, 4.13%, 11/10/2046		20,000		20,564

Series 2015-GC35, Class AAB, 3.61%, 11/10/2048		31,561		32,312

Series 2016-C1, Class AAB, 3.00%, 5/10/2049		10,009		10,167

Series 2020-GC46, Class A2, 2.71%, 2/15/2053		20,000		20,142

Commercial Mortgage Trust

Series 2013-CR6, Class A4, 3.10%, 3/10/2046		15,000		15,073

Series 2014-CR16, Class A3, 3.78%, 4/10/2047		24,479		25,070

Series 2014-LC15, Class A4, 4.01%, 4/10/2047		20,000		20,537

CSAIL Commercial Mortgage Trust Series 2015-C3, Class A4, 3.72%, 8/15/2048		20,000		20,633

FHLMC, Multi-Family Structured Pass-Through Certificates

Series K027, Class A2, 2.64%, 1/25/2023		26,000		26,221

Series K028, Class A2, 3.11%, 2/25/2023		49,433		50,055

Series K046, Class A2, 3.21%, 3/25/2025		26,000		26,907

Series K733, Class A2, 3.75%, 8/25/2025		30,000		31,463

Series K737, Class A1, 2.12%, 6/25/2026		57,894		58,119


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Commercial Mortgage-Backed Securities — continued

FNMA ACES

Series 2017-M10, Class AV2, 2.55%, 7/25/2024 (g)		13,112		13,331

Series 2015-M10, Class A2, 3.09%, 4/25/2027 (g)		49,078		51,321

Series 2019-M9, Class A1, 2.61%, 6/25/2029		19,263		19,624

GS Mortgage Securities Trust

Series 2014-GC18, Class A4, 4.07%, 1/10/2047		30,000		30,884

Series 2014-GC18, Class AS, 4.38%, 1/10/2047		17,000		17,334

JPMBB Commercial Mortgage Securities Trust

Series 2013-C17, Class ASB, 3.71%, 1/15/2047		7,650		7,785

Series 2014-C19, Class C, 4.66%, 4/15/2047 ‡ (g)		10,000		10,296

Series 2014-C23, Class C, 4.49%, 9/15/2047 ‡ (g)		20,000		20,092

JPMorgan Chase Commercial Mortgage Securities Trust

Series 2013-C10, Class AS, 3.37%, 12/15/2047 ‡		20,000		20,233

Series 2015-JP1, Class D, 4.22%, 1/15/2049 ‡ (g)		10,000		9,190

Morgan Stanley Bank of America Merrill Lynch Trust

Series 2014-C19, Class A3, 3.25%, 12/15/2047		5,552		5,640

Series 2015-C25, Class ASB, 3.38%, 10/15/2048		30,545		31,097

Series 2016-C31, Class A5, 3.10%, 11/15/2049		32,000		32,485

UBS Commercial Mortgage Trust Series 2018-C13, Class A2, 4.21%, 10/15/2051		5,986		6,150

UBS-Barclays Commercial Mortgage Trust Series 2013-C6, Class A4, 3.24%, 4/10/2046		23,000		23,158

Wells Fargo Commercial Mortgage Trust

Series 2012-LC5, Class B, 4.14%, 10/15/2045 ‡		14,000		14,129

Series 2013-LC12, Class A4, 4.22%, 7/15/2046 (g)		12,000		12,246

Series 2014-LC18, Class A5, 3.41%, 12/15/2047		15,000		15,228

Series 2015-C31, Class A4, 3.70%, 11/15/2048		24,000		24,804


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Series 2019-C54, Class A2, 3.01%, 12/15/2052		35,000		35,472

WFRBS Commercial Mortgage Trust

Series 2012-C10, Class A3, 2.88%, 12/15/2045		12,000		12,034

Series 2012-C10, Class B, 3.74%, 12/15/2045 ‡		15,000		14,803

Series 2014-C20, Class A5, 4.00%, 5/15/2047		12,000		12,347


Total Commercial Mortgage-backed Securities (Cost $859,595)				846,101


Foreign Government Securities — 1.5%

Canada Government Bond (Canada) 0.75%, 5/19/2026		70,000		66,909

Hungary Government Bond (Hungary)

5.38%, 2/21/2023		2,000		2,065

5.75%, 11/22/2023		1,000		1,057

Italian Republic Government Bond (Italy) 6.88%, 9/27/2023		70,000		75,453

Oriental Republic of Uruguay (Uruguay)

8.00%, 11/18/2022		333		346

4.50%, 8/14/2024		1,000		1,038

Province of Alberta (Canada) 1.00%, 5/20/2025		25,000		24,326

Province of British Columbia (Canada) 0.90%, 7/20/2026		13,000		12,484

Province of Manitoba (Canada) 2.13%, 6/22/2026		3,000		3,012

Province of Ontario (Canada)

3.05%, 1/29/2024		10,000		10,280

3.20%, 5/16/2024		10,000		10,336

0.63%, 1/21/2026		82,000		77,907

Province of Quebec (Canada)

7.50%, 7/15/2023		11,000		11,894

2.50%, 4/9/2024		10,000		10,181

2.88%, 10/16/2024		6,000		6,180

1.50%, 2/11/2025		10,000		9,925

Republic of Peru (Peru) 2.39%, 1/23/2026		23,000		22,514

Republic of Philippines (Philippines) 10.63%, 3/16/2025		1,000		1,248

Republic of Poland (Poland) 3.00%, 3/17/2023		1,000		1,010

Svensk Exportkredit AB (Sweden) 0.38%, 7/30/2024		200,000		194,137


Total Foreign Government Securities (Cost $554,888)				542,302


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)

U.S. Government Agency Securities — 1.5%

FFCB Funding Corp.

0.38%, 4/8/2022		21,000		20,999

0.13%, 11/23/2022		39,000		38,799

0.13%, 5/10/2023		74,000		73,047

FHLB

0.75%, 11/22/2023		130,000		128,222

0.50%, 4/14/2025		85,000		81,866

0.75%, 2/24/2026		70,000		66,840

FNMA

1.63%, 1/7/2025		8,000		7,989

0.63%, 4/22/2025		35,000		33,847

0.88%, 12/18/2026		10,000		9,472

Israel Government AID Bond (Israel)

5.50%, 9/18/2023		45,000		47,793

5.50%, 4/26/2024		15,000		16,230


Total U.S. Government Agency Securities (Cost $535,508)				525,104

Asset-Backed Securities — 0.7%

American Express Credit Account Master Trust Series 2017-7, Class A, 2.35%, 5/15/2025		30,000		30,267

AmeriCredit Automobile Receivables Trust Series 2020-3, Class B, 0.76%, 12/18/2025		30,000		29,690

CarMax Auto Owner Trust Series 2021-1, Class A3, 0.34%, 12/15/2025		25,000		24,620

Citibank Credit Card Issuance Trust Series 2018-A3, Class A3, 3.29%, 5/23/2025		33,000		33,747

Drive Auto Receivables Trust Series 2021-2, Class B, 0.58%, 12/15/2025		40,000		39,386

Exeter Automobile Receivables Trust Series 2021-3A, Class C, 0.96%, 10/15/2026		40,000		39,093

Ford Credit Floorplan Master Owner Trust A

Series 2018-2, Class A, 3.17%, 3/15/2025		15,000		15,260

Series 2019-2, Class A, 3.06%, 4/15/2026		8,000		8,193

GM Financial Consumer Automobile Receivables Trust Series 2020-2, Class A4, 1.74%, 8/18/2025		22,000		22,023

Verizon Owner Trust Series 2020-A, Class A1A, 1.85%, 7/22/2024		17,918		17,983


Total Asset-Backed Securities (Cost $261,281)				260,262


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)

Municipal Bonds — 0.1% (h)

California — 0.1%

University of California, Taxable Series 2020BG, Rev., 0.88%, 5/15/2025		5,000		4,838

University of California, Taxable Fixed Rate Notes Series 2017AX, Rev., 3.06%, 7/1/2025		5,000		5,156


Total California				9,994


New Jersey — 0.0% (a)

New Jersey Economic Development Authority Series 1997B, Rev., AGM, Zero Coupon, 2/15/2023		1,000		989


New York — 0.0% (a)

Port Authority of New York and New Jersey, Consolidated Series AAA, Rev., 1.09%, 7/1/2023		10,000		9,964


Total Municipal Bonds (Cost $21,397)				20,947


	SHARES
Short-Term Investments — 1.7%
Investment Companies — 1.7%

JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03% (i) (j) (Cost $601,648)		601,648		601,648


Total Investments — 101.0% (Cost $35,910,573)				35,253,230

Liabilities in Excess of Other Assets — (1.0)%				(360,335)


NET ASSETS — 100.0%				34,892,895

Percentages indicated are based on net assets.

Abbreviations


ACES		Alternative Credit Enhancement Securities
AGM		Insured by Assured Guaranty Municipal Corp.
FFCB		Federal Farm Credit Bank
FHLB		Federal Home Loan Bank
FHLMC		Federal Home Loan Mortgage Corp.
FNMA		Federal National Mortgage Association
GNMA		Government National Mortgage Association
ICE		Intercontinental Exchange
LIBOR		London Interbank Offered Rate
Rev.		Revenue
SOFR		Secured Overnight Financing Rate
TBA		To Be Announced; Security is subject to delayed delivery.
UMBS		Uniform Mortgage-Backed Securities
USD		United States Dollar


(a)		Amount rounds to less than 0.1% of net assets.
(b)		Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of February 28, 2022.
(c)		Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown is the current rate as of February 28, 2022.
(d)		Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended.
(e)		Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.
(f)		All or a portion of the security is a when-issued security, delayed delivery security, or forward commitment.
(g)		Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of February 28, 2022.
(h)		The date shown represents the earliest of the prerefunded date, next put date or final maturity date.
(i)		Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.
(j)		The rate shown is the current yield as of February 28, 2022.
‡		Value determined using significant unobservable inputs.


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)

Corporate Bonds — 32.5%

Aerospace & Defense — 0.6%

Boeing Co. (The)

1.17%, 2/4/2023		20,000		19,919

1.95%, 2/1/2024		18,000		17,928

1.43%, 2/4/2024		35,000		34,429

2.75%, 2/1/2026		20,000		20,015

2.20%, 2/4/2026		95,000		92,692

3.10%, 5/1/2026		35,000		35,306

2.70%, 2/1/2027		65,000		64,169

3.95%, 8/1/2059		125,000		113,515

5.93%, 5/1/2060		40,000		47,497

Bombardier, Inc. (Canada) 6.00%, 2/15/2028 (a)		85,000		81,176

BWX Technologies, Inc. 4.13%, 4/15/2029 (a)		75,000		72,750

Howmet Aerospace, Inc. 5.13%, 10/1/2024		142,000		149,401

5.95%, 2/1/2037		14,000		15,489

Moog, Inc. 4.25%, 12/15/2027 (a)		20,000		19,607

Precision Castparts Corp. 4.38%, 6/15/2045		54,000		61,821

Raytheon Technologies Corp. 2.38%, 3/15/2032		95,000		90,177

4.50%, 6/1/2042		40,000		44,735

3.13%, 7/1/2050		125,000		114,380

3.03%, 3/15/2052		390,000		349,529

Spirit AeroSystems, Inc. 7.50%, 4/15/2025 (a)		105,000		109,095

TransDigm, Inc. 6.25%, 3/15/2026 (a)		140,000		144,025

Triumph Group, Inc. 6.25%, 9/15/2024 (a)		10,000		9,925

7.75%, 8/15/2025		16,000		16,060


				1,723,640


Airlines — 0.1%

American Airlines, Inc. 5.50%, 4/20/2026 (a)		125,000		127,943

Continental Airlines Pass-Through Trust Series 2012-2, Class A Shares, 4.00%, 10/29/2024		30,661		31,207

Delta Air Lines, Inc. 4.75%, 10/20/2028 (a)		100,000		104,293

United Airlines Holdings, Inc. 5.00%, 2/1/2024		20,000		20,200

4.88%, 1/15/2025		16,000		15,920


				299,563


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Auto Components — 0.3%

Adient Global Holdings Ltd. 4.88%, 8/15/2026 (a)		200,000		200,250

Allison Transmission, Inc. 3.75%, 1/30/2031 (a)		75,000		69,656

American Axle & Manufacturing, Inc. 5.00%, 10/1/2029		75,000		71,123

Aptiv plc 5.40%, 3/15/2049		25,000		29,356

Clarios Global LP 6.25%, 5/15/2026 (a)		67,000		69,308

Cooper-Standard Automotive, Inc. 13.00%, 6/1/2024 (a)		5,000		5,263

5.63%, 11/15/2026 (a)		30,000		20,625

Dana, Inc. 5.38%, 11/15/2027		60,000		61,200

4.50%, 2/15/2032		40,000		37,550

Goodyear Tire & Rubber Co. (The) 5.00%, 5/31/2026		19,000		19,071

5.00%, 7/15/2029 (a)		130,000		128,180

Icahn Enterprises LP 6.38%, 12/15/2025		22,000		22,175

5.25%, 5/15/2027		125,000		124,125

Lear Corp. 2.60%, 1/15/2032		10,000		9,267

5.25%, 5/15/2049		25,000		28,054


				895,203


Automobiles — 0.3%

Ford Motor Co. 9.63%, 4/22/2030		120,000		164,893

General Motors Co. 6.13%, 10/1/2025		50,000		55,326

5.15%, 4/1/2038		35,000		37,898

5.95%, 4/1/2049		25,000		29,874

Hyundai Capital America 1.50%, 6/15/2026 (a)		40,000		37,685

3.00%, 2/10/2027 (a)		200,000		199,645

Nissan Motor Co. Ltd. (Japan) 4.35%, 9/17/2027 (a)		200,000		205,888


				731,209


Banks — 5.0%

ABN AMRO Bank NV (Netherlands)

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.10%), 2.47%, 12/13/2029 (a) (b)		200,000		191,243

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.90%), 3.32%, 3/13/2037 (a) (b)		200,000		186,841

AIB Group plc (Ireland) 4.75%, 10/12/2023 (a)		200,000		207,129


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Banks — continued

ASB Bank Ltd. (New Zealand) 2.38%, 10/22/2031 (a)		200,000		188,395

Banco Santander SA (Spain)

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.90%), 1.72%, 9/14/2027 (b)		200,000		189,114

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.60%), 3.22%, 11/22/2032 (b)		200,000		185,472

Bank of America Corp.

3.88%, 8/1/2025		203,000		212,449

(ICE LIBOR USD 3 Month + 1.06%), 3.56%, 4/23/2027 (b)		40,000		41,061

(ICE LIBOR USD 3 Month + 1.58%), 3.82%, 1/20/2028 (b)		236,000		245,719

(ICE LIBOR USD 3 Month + 1.51%), 3.71%, 4/24/2028 (b)		170,000		176,092

(ICE LIBOR USD 3 Month + 1.37%), 3.59%, 7/21/2028 (b)		61,000		62,996

(ICE LIBOR USD 3 Month + 1.04%), 3.42%, 12/20/2028 (b)		219,000		223,892

(SOFR + 1.06%), 2.09%, 6/14/2029 (b)		135,000		127,640

(SOFR + 1.53%), 1.90%, 7/23/2031 (b)		510,000		460,983

(SOFR + 1.37%), 1.92%, 10/24/2031 (b)		50,000		45,267

Series N, (SOFR + 1.22%), 2.65%, 3/11/2032 (b)		230,000		219,933

(SOFR + 1.32%), 2.69%, 4/22/2032 (b)		340,000		326,997

(SOFR + 1.22%), 2.30%, 7/21/2032 (b)		95,000		88,127

(SOFR + 1.21%), 2.57%, 10/20/2032 (b)		655,000		620,102

(ICE LIBOR USD 3 Month + 1.32%), 4.08%, 4/23/2040 (b)		112,000		117,157

(SOFR + 1.93%), 2.68%, 6/19/2041 (b)		150,000		131,713

Bank of Nova Scotia (The) (Canada)

(ICE LIBOR USD 3 Month + 2.65%), 4.65%, 10/12/2022 (b) (c) (d)		50,000		47,825

2.20%, 2/3/2025		12,000		11,940

Barclays plc (United Kingdom)

3.65%, 3/16/2025		200,000		204,963

5.20%, 5/12/2026		200,000		214,386

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.05%), 2.28%, 11/24/2027 (b)		200,000		192,930


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Banks — continued

BNP Paribas SA (France)

(SOFR + 1.61%), 1.90%, 9/30/2028 (a) (b)		200,000		186,626

(SOFR + 1.22%), 2.16%, 9/15/2029 (a) (b)		200,000		185,164

Canadian Imperial Bank of Commerce (Canada) 3.10%, 4/2/2024		34,000		34,673

Citigroup, Inc.

(SOFR + 0.69%), 2.01%, 1/25/2026 (b)		345,000		339,568

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.42%), 3.88%, 2/18/2026 (b) (c) (d)		130,000		123,825

(ICE LIBOR USD 3 Month + 1.56%), 3.89%, 1/10/2028 (b)		350,000		365,490

(SOFR + 1.28%), 3.07%, 2/24/2028 (b)		125,000		125,999

(ICE LIBOR USD 3 Month + 1.39%), 3.67%, 7/24/2028 (b)		80,000		82,783

(ICE LIBOR USD 3 Month + 1.19%), 4.07%, 4/23/2029 (b)		195,000		205,174

(SOFR + 1.42%), 2.98%, 11/5/2030 (b)		25,000		24,667

(SOFR + 3.91%), 4.41%, 3/31/2031 (b)		155,000		167,937

(SOFR + 1.17%), 2.56%, 5/1/2032 (b)		260,000		246,754

(SOFR + 1.18%), 2.52%, 11/3/2032 (b)		60,000		56,507

(ICE LIBOR USD 3 Month + 1.84%), 4.28%, 4/24/2048 (b)		55,000		60,334

Citizens Financial Group, Inc. 2.50%, 2/6/2030		11,000		10,530

Credit Agricole SA (France)

(SOFR + 1.68%), 1.91%, 6/16/2026 (a) (b)		250,000		243,279

(SOFR + 0.89%), 1.25%, 1/26/2027 (a) (b)		250,000		235,078

(USD Swap Semi 5 Year + 1.64%), 4.00%, 1/10/2033 (a) (b)		250,000		252,230

First-Citizens Bank & Trust Co. 6.13%, 3/9/2028		45,000		51,450

HSBC Holdings plc (United Kingdom)

(SOFR + 1.29%), 1.59%, 5/24/2027 (b)		200,000		188,564

(SOFR + 1.73%), 2.01%, 9/22/2028 (b)		200,000		187,655

(SOFR + 1.29%), 2.21%, 8/17/2029 (b)		200,000		186,615

7.63%, 5/17/2032		143,000		186,314


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Banks — continued

(SOFR + 1.41%), 2.87%, 11/22/2032 (b)		250,000		237,163

6.10%, 1/14/2042		230,000		302,361

ING Groep NV (Netherlands)

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.86%), 3.88%, 5/16/2027 (b) (c) (d)		200,000		176,750

Intesa Sanpaolo SpA (Italy)

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 2.75%), 4.95%, 6/1/2042 (a) (b)		200,000		177,393

KeyCorp 2.25%, 4/6/2027		57,000		56,111

Mitsubishi UFJ Financial Group, Inc. (Japan) 3.78%, 3/2/2025		69,000		71,766

Mizuho Financial Group, Inc. (Japan) 2.56%, 9/13/2031		205,000		187,496

NatWest Group plc (United Kingdom)

(ICE LIBOR USD 3 Month + 1.91%), 5.08%, 1/27/2030 (b)		200,000		220,461

PNC Financial Services Group, Inc. (The) 2.55%, 1/22/2030		99,000		97,120

Royal Bank of Canada (Canada) 4.65%, 1/27/2026		45,000		48,462

Santander UK Group Holdings plc (United Kingdom)

(SOFR + 0.99%), 1.67%, 6/14/2027 (b)		200,000		189,050

(ICE LIBOR USD 3 Month + 1.40%), 3.82%, 11/3/2028 (b)		200,000		205,165

Societe Generale SA (France) 4.25%, 4/14/2025 (a)		200,000		204,799

4.75%, 11/24/2025 (a)		200,000		208,508

4.00%, 1/12/2027 (a)		200,000		206,946

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.30%), 2.80%, 1/19/2028 (a) (b)		200,000		194,185

Standard Chartered plc (United Kingdom)

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.78%), 0.99%, 1/12/2025 (a) (b)		200,000		193,924

Sumitomo Mitsui Financial Group, Inc. (Japan) 3.75%, 7/19/2023		53,000		54,365

Sumitomo Mitsui Trust Bank Ltd. (Japan) 1.05%, 9/12/2025 (a)		60,000		56,995

Toronto-Dominion Bank (The) (Canada) 3.25%, 3/11/2024		33,000		33,885

2.65%, 6/12/2024		81,000		81,975


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Banks — continued

Truist Bank 4.05%, 11/3/2025		60,000		63,583

UniCredit SpA (Italy)

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.20%), 1.98%, 6/3/2027 (a) (b)		200,000		186,546

US Bancorp 3.00%, 7/30/2029		97,000		97,923

Wells Fargo & Co. 3.55%, 9/29/2025		77,000		79,645

(ICE LIBOR USD 3 Month + 0.75%), 2.16%, 2/11/2026 (b)		163,000		161,016

3.00%, 10/23/2026		285,000		288,571

(ICE LIBOR USD 3 Month + 1.31%), 3.58%, 5/22/2028 (b)		651,000		672,217

4.15%, 1/24/2029		70,000		74,643

(SOFR + 2.53%), 3.07%, 4/30/2041 (b)		75,000		69,670

4.90%, 11/17/2045		25,000		28,362

Westpac Banking Corp. (Australia) 2.85%, 5/13/2026		25,000		25,649

1.95%, 11/20/2028		30,000		28,707

(USD ICE Swap Rate 5 Year + 2.24%), 4.32%, 11/23/2031 (b)		275,000		286,470


				13,935,464


Beverages — 0.3%

Anheuser-Busch Cos. LLC (Belgium) 4.90%, 2/1/2046		65,000		73,448

Anheuser-Busch InBev Worldwide, Inc. (Belgium)

4.75%, 1/23/2029		205,000		227,563

4.38%, 4/15/2038		95,000		102,046

4.44%, 10/6/2048		40,000		42,800

4.60%, 6/1/2060		90,000		98,370

Coca-Cola Co. (The) 2.60%, 6/1/2050		50,000		43,862

Coca-Cola Femsa SAB de CV (Mexico) 2.75%, 1/22/2030		150,000		144,245

Constellation Brands, Inc. 4.65%, 11/15/2028		45,000		49,338

Diageo Capital plc (United Kingdom) 3.88%, 4/29/2043		30,000		32,257

Keurig Dr Pepper, Inc. 3.40%, 11/15/2025		38,000		39,197

4.60%, 5/25/2028		50,000		54,555

Molson Coors Beverage Co. 4.20%, 7/15/2046		43,000		42,749


				950,430


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Biotechnology — 0.5%

AbbVie, Inc.

2.95%, 11/21/2026		73,000		74,321

3.20%, 11/21/2029		91,000		92,162

4.05%, 11/21/2039		274,000		287,600

4.63%, 10/1/2042		75,000		83,031

Amgen, Inc.

2.20%, 2/21/2027		14,000		13,813

3.35%, 2/22/2032		105,000		107,538

3.15%, 2/21/2040		27,000		25,227

Biogen, Inc. 2.25%, 5/1/2030		65,000		59,403

Emergent BioSolutions, Inc. 3.88%, 8/15/2028 (a)		100,000		89,451

Gilead Sciences, Inc.

2.95%, 3/1/2027		195,000		198,969

1.65%, 10/1/2030		118,000		106,913

2.60%, 10/1/2040		50,000		43,185

Grifols Escrow Issuer SA (Spain) 4.75%, 10/15/2028 (a)		200,000		189,000


				1,370,613


Building Products — 0.2%

Builders FirstSource, Inc. 4.25%, 2/1/2032 (a)		85,000		81,593

Griffon Corp. 5.75%, 3/1/2028		100,000		99,613

Masco Corp. 1.50%, 2/15/2028		25,000		22,859

PGT Innovations, Inc. 4.38%, 10/1/2029 (a)		70,000		65,787

Standard Industries, Inc. 5.00%, 2/15/2027 (a)		20,000		20,126

4.75%, 1/15/2028 (a)		100,000		98,125

Summit Materials LLC 5.25%, 1/15/2029 (a)		65,000		65,244


				453,347


Capital Markets — 2.6%

Ameriprise Financial, Inc. 4.00%, 10/15/2023		47,000		48,513

Bank of New York Mellon Corp. (The) 2.10%, 10/24/2024		30,000		30,093

Charles Schwab Corp. (The) 0.90%, 3/11/2026		30,000		28,431

2.75%, 10/1/2029		46,000		45,967

Credit Suisse Group AG (Switzerland)

(SOFR + 0.98%), 1.31%, 2/2/2027 (a) (b)		250,000		231,712

(SOFR + 1.73%), 3.09%, 5/14/2032 (a) (b)		250,000		237,056


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Capital Markets — continued

Credit Suisse USA, Inc. (Switzerland) 7.13%, 7/15/2032		53,000		70,327

Deutsche Bank AG (Germany)

(SOFR + 2.16%), 2.22%, 9/18/2024 (b)		150,000		149,644

Goldman Sachs Group, Inc. (The) 3.50%, 4/1/2025		280,000		287,810

(ICE LIBOR USD 3 Month + 1.20%), 3.27%, 9/29/2025 (b)		201,000		204,459

Series T, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.97%), 3.80%, 5/10/2026 (b) (c) (d)		30,000		28,425

3.50%, 11/16/2026		311,000		318,432

3.85%, 1/26/2027		135,000		140,636

(SOFR + 0.80%), 1.43%, 3/9/2027 (b)		835,000		788,828

(SOFR + 1.11%), 2.64%, 2/24/2028 (b)		150,000		147,809

(SOFR + 1.28%), 2.62%, 4/22/2032 (b)		260,000		245,816

(SOFR + 1.25%), 2.38%, 7/21/2032 (b)		170,000		157,584

(SOFR + 1.26%), 2.65%, 10/21/2032 (b)		395,000		374,576

(SOFR + 1.41%), 3.10%, 2/24/2033 (b)		190,000		187,033

(SOFR + 1.51%), 3.21%, 4/22/2042 (b)		60,000		55,947

(SOFR + 1.63%), 3.44%, 2/24/2043 (b)		18,000		17,327

Morgan Stanley

(SOFR + 1.15%), 2.72%, 7/22/2025 (b)		180,000		180,949

3.88%, 1/27/2026		245,000		255,644

3.13%, 7/27/2026		130,000		132,516

3.63%, 1/20/2027		191,000		198,976

(SOFR + 0.88%), 1.59%, 5/4/2027 (b)		210,000		199,717

(SOFR + 1.00%), 2.48%, 1/21/2028 (b)		74,000		72,753

(ICE LIBOR USD 3 Month + 1.34%), 3.59%, 7/22/2028 (b)		330,000		340,702

(ICE LIBOR USD 3 Month + 1.63%), 4.43%, 1/23/2030 (b)		223,000		240,574

(SOFR + 1.14%), 2.70%, 1/22/2031 (b)		70,000		67,729

(SOFR + 1.18%), 2.24%, 7/21/2032 (b)		80,000		73,652


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Capital Markets — continued

(SOFR + 1.20%), 2.51%, 10/20/2032 (b)		145,000		136,907

(SOFR + 1.29%), 2.94%, 1/21/2033 (b)		25,000		24,481

(SOFR + 1.49%), 3.22%, 4/22/2042 (b)		135,000		128,865

MSCI, Inc. 4.00%, 11/15/2029 (a)		80,000		80,431

Northern Trust Corp. 3.95%, 10/30/2025		60,000		63,474

S&P Global, Inc. 3.25%, 12/1/2049		73,000		70,517

UBS Group AG (Switzerland)

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.85%), 1.49%, 8/10/2027 (a) (b)		200,000		188,643

(ICE LIBOR USD 3 Month + 1.47%), 3.13%, 8/13/2030 (a) (b)		200,000		197,669

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.10%), 2.75%, 2/11/2033 (a) (b)		470,000		448,112

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.10%), 3.18%, 2/11/2043 (a) (b)		200,000		185,835


				7,084,571


Chemicals — 0.6%

Axalta Coating Systems LLC 4.75%, 6/15/2027 (a)		150,000		150,375

CF Industries, Inc.

5.15%, 3/15/2034		60,000		67,140

4.95%, 6/1/2043		70,000		75,848

Chemours Co. (The) 5.75%, 11/15/2028 (a)		80,000		78,638

CVR Partners LP 6.13%, 6/15/2028 (a)		70,000		70,437

Ecolab, Inc.

3.25%, 12/1/2027		52,000		54,481

2.13%, 2/1/2032		75,000		70,769

Element Solutions, Inc. 3.88%, 9/1/2028 (a)		105,000		99,586

INEOS Quattro Finance 2 plc (United Kingdom) 3.38%, 1/15/2026 (a)		200,000		191,000

International Flavors & Fragrances, Inc. 1.83%, 10/15/2027 (a)		36,000		34,038

3.27%, 11/15/2040 (a)		25,000		23,080

3.47%, 12/1/2050 (a)		13,000		11,805

LYB International Finance III LLC 3.38%, 10/1/2040		40,000		37,436


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Chemicals — continued

NOVA Chemicals Corp. (Canada) 5.25%, 6/1/2027 (a)		140,000		140,350

Nutrien Ltd. (Canada) 2.95%, 5/13/2030		80,000		79,626

Olin Corp. 5.13%, 9/15/2027		13,000		13,162

Scotts Miracle-Gro Co. (The) 4.50%, 10/15/2029		375,000		361,875

Sherwin-Williams Co. (The) 4.50%, 6/1/2047		15,000		16,454

Trinseo Materials Operating SCA 5.38%, 9/1/2025 (a)		10,000		10,080

WR Grace Holdings LLC 5.63%, 10/1/2024 (a)		85,000		86,686


				1,672,866


Commercial Services & Supplies — 0.7%

ACCO Brands Corp. 4.25%, 3/15/2029 (a)		365,000		340,363

ADT Security Corp. (The)

4.13%, 6/15/2023		26,000		26,495

4.88%, 7/15/2032 (a)		20,000		18,650

Aramark Services, Inc. 5.00%, 2/1/2028 (a)		85,000		85,152

Brink’s Co. (The) 4.63%, 10/15/2027 (a)		25,000		24,400

Garda World Security Corp. (Canada) 4.63%, 2/15/2027 (a)		85,000		82,344

GFL Environmental, Inc. (Canada)

3.75%, 8/1/2025 (a)		105,000		103,950

5.13%, 12/15/2026 (a)		55,000		56,160

3.50%, 9/1/2028 (a)		35,000		33,412

Madison IAQ LLC 4.13%, 6/30/2028(a)		505,000		477,722

Nielsen Finance LLC 5.63%, 10/1/2028(a)		125,000		120,794

Prime Security Services Borrower LLC

5.75%, 4/15/2026 (a)		177,000		181,880

3.38%, 8/31/2027 (a)		120,000		110,993

Republic Services, Inc. 1.45%, 2/15/2031		30,000		26,562

Stericycle, Inc. 3.88%, 1/15/2029 (a)		245,000		228,156

Waste Management, Inc. 1.50%, 3/15/2031		20,000		17,876


				1,934,909


Communications Equipment — 0.1%

CommScope Technologies LLC 6.00%, 6/15/2025 (a)		105,000		102,710

CommScope, Inc. 6.00%, 3/1/2026 (a)		172,000		176,045

Nokia OYJ (Finland) 4.38%, 6/12/2027		13,000		13,459

Plantronics, Inc. 4.75%, 3/1/2029 (a)		70,000		61,950


				354,164


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Construction & Engineering — 0.1%

AECOM 5.13%, 3/15/2027		18,000		18,450

Dycom Industries, Inc. 4.50%, 4/15/2029 (a)		70,000		67,375

Global Infrastructure Solutions, Inc. 5.63%, 6/1/2029 (a)		85,000		83,937

MasTec, Inc. 4.50%, 8/15/2028 (a)		115,000		116,595

Weekley Homes LLC 4.88%, 9/15/2028 (a)		95,000		90,365


				376,722


Construction Materials — 0.0% (e)

Martin Marietta Materials, Inc. 2.40%, 7/15/2031		70,000		65,567


Consumer Finance — 1.1%

AerCap Ireland Capital DAC (Ireland)

2.45%, 10/29/2026		150,000		144,717

3.00%, 10/29/2028		450,000		433,426

Ally Financial, Inc. 5.75%, 11/20/2025		64,000		68,138

Avolon Holdings Funding Ltd. (Ireland)

5.13%, 10/1/2023 (a)		70,000		72,473

5.25%, 5/15/2024 (a)		80,000		83,596

2.88%, 2/15/2025 (a)		28,000		27,747

5.50%, 1/15/2026 (a)		60,000		63,877

2.13%, 2/21/2026 (a)		275,000		265,825

4.25%, 4/15/2026 (a)		25,000		25,692

Capital One Financial Corp. (SOFR + 1.27%), 2.62%, 11/2/2032 (b)		100,000		93,336

Ford Motor Credit Co. LLC

4.39%, 1/8/2026		200,000		204,042

4.13%, 8/17/2027		300,000		302,175

4.00%, 11/13/2030		250,000		248,000

3.63%, 6/17/2031		200,000		192,322

General Motors Financial Co., Inc.

3.60%, 6/21/2030		60,000		60,209

2.70%, 6/10/2031		25,000		23,134

John Deere Capital Corp. 2.65%, 6/10/2026		119,000		121,381

Navient Corp.

6.13%, 3/25/2024		50,000		51,500

5.88%, 10/25/2024		20,000		20,686

OneMain Finance Corp.

7.13%, 3/15/2026		129,000		139,836

6.63%, 1/15/2028		95,000		101,499


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)



Consumer Finance — continued

Park Aerospace Holdings Ltd. (Ireland)

4.50%, 3/15/2023 (a)		205,000		209,263

5.50%, 2/15/2024 (a)		208,000		217,798


				3,170,672


Containers & Packaging — 0.4%

Ardagh Packaging Finance plc 5.25%, 4/30/2025 (a)		200,000		202,621

Ball Corp.

5.25%, 7/1/2025		20,000		21,200

3.13%, 9/15/2031		55,000		50,511

Berry Global, Inc. 4.88%, 7/15/2026 (a)		55,000		55,762

Crown Americas LLC 4.25%, 9/30/2026		13,000		13,322

Greif, Inc. 6.50%, 3/1/2027 (a)		78,000		80,535

LABL, Inc. 6.75%, 7/15/2026 (a)		155,000		155,388

Mauser Packaging Solutions Holding Co. 5.50%, 4/15/2024 (a)		140,000		139,300

Owens-Brockway Glass Container, Inc. 6.63%, 5/13/2027 (a)		80,000		83,000

Packaging Corp. of America 3.05%, 10/1/2051		35,000		30,469

Pactiv Evergreen Group Issuer, Inc. 4.00%, 10/15/2027 (a)		75,000		69,549

Sealed Air Corp.

5.50%, 9/15/2025 (a)		12,000		12,570

4.00%, 12/1/2027 (a)		60,000		59,400

Trivium Packaging Finance BV (Netherlands) 5.50%, 8/15/2026 (a) (f)		200,000		201,858

WRKCo, Inc. 4.65%, 3/15/2026		30,000		32,404


				1,207,889


Distributors — 0.0% (e)

Wolverine Escrow LLC 9.00%, 11/15/2026 (a)		20,000		20,000


Diversified Consumer Services — 0.0% (e)

Service Corp. International 5.13%, 6/1/2029		105,000		107,625


Diversified Financial Services — 0.3%

EDP Finance BV (Portugal) 1.71%, 1/24/2028 (a)		250,000		231,541

ORIX Corp. (Japan) 4.05%, 1/16/2024		62,000		64,263

Sabre GLBL, Inc. 9.25%, 4/15/2025 (a)		50,000		56,388


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Diversified Financial Services — continued

Shell International Finance BV (Netherlands)

2.88%, 11/26/2041		200,000		184,077

3.63%, 8/21/2042		50,000		50,381

3.75%, 9/12/2046		41,000		42,875

3.13%, 11/7/2049		25,000		22,988

3.00%, 11/26/2051		200,000		182,125


				834,638


Diversified Telecommunication Services — 1.5%

Altice France Holding SA (Luxembourg) 10.50%, 5/15/2027 (a)		200,000		209,400

Altice France SA (France) 5.13%, 7/15/2029 (a)		200,000		181,000

AT&T, Inc.

1.65%, 2/1/2028		65,000		61,276

3.50%, 6/1/2041		60,000		57,050

3.10%, 2/1/2043		70,000		62,483

3.50%, 9/15/2053		65,000		59,436

3.55%, 9/15/2055		315,000		285,637

CCO Holdings LLC

5.13%, 5/1/2027 (a)		25,000		25,250

5.00%, 2/1/2028 (a)		395,000		397,407

5.38%, 6/1/2029 (a)		100,000		101,563

4.75%, 3/1/2030 (a)		280,000		274,956

4.50%, 8/15/2030 (a)		199,000		191,653

4.50%, 5/1/2032		70,000		66,500

Embarq Corp. 8.00%, 6/1/2036		13,000		12,838

ESC Intelsat Jackson SA (Luxembourg) 8.50%, 10/15/2024 ‡		28,000		3

Frontier Communications Holdings LLC 5.88%, 10/15/2027 (a)		115,000		116,626

Intelsat Jackson Holdings SA (Luxembourg) 6.50%, 3/15/2030 (a)		19,000		19,332

Level 3 Financing, Inc.

5.38%, 5/1/2025		20,000		20,073

5.25%, 3/15/2026		54,000		54,101

Lumen Technologies, Inc.

Series T, 5.80%, 3/15/2022		12,000		12,006

5.63%, 4/1/2025		17,000		16,903

5.13%, 12/15/2026 (a)		130,000		120,948

4.00%, 2/15/2027 (a)		265,000		252,166

Series G, 6.88%, 1/15/2028		3,000		2,892

Sprint Capital Corp. 8.75%, 3/15/2032		375,000		520,313

Switch Ltd. 3.75%, 9/15/2028 (a)		115,000		109,115


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)



Diversified Telecommunication Services — continued

Telecom Italia Capital SA (Italy) 6.00%, 9/30/2034		24,000		22,941

Verizon Communications, Inc.

2.10%, 3/22/2028		25,000		24,146

4.02%, 12/3/2029		54,000		57,950

2.55%, 3/21/2031		105,000		100,790

2.36%, 3/15/2032 (a)		13,000		12,139

2.65%, 11/20/2040		295,000		255,983

3.40%, 3/22/2041		30,000		28,891

3.85%, 11/1/2042		125,000		125,709

2.88%, 11/20/2050		75,000		64,097

3.70%, 3/22/2061		30,000		28,594

Virgin Media Secured Finance plc (United Kingdom) 5.50%, 5/15/2029 (a)		200,000		199,819

Zayo Group Holdings, Inc. 4.00%, 3/1/2027 (a)		75,000		71,302


				4,223,288


Electric Utilities — 1.8%

AEP Transmission Co. LLC Series N, 2.75%, 8/15/2051		50,000		42,678

American Electric Power Co., Inc. 2.03%, 3/15/2024		40,000		39,908

Baltimore Gas and Electric Co. 2.90%, 6/15/2050		50,000		45,066

Connecticut Light and Power Co. (The) 4.00%, 4/1/2048		46,000		49,389

Duke Energy Carolinas LLC 3.20%, 8/15/2049		34,000		32,039

Duke Energy Indiana LLC

Series YYY, 3.25%, 10/1/2049		55,000		50,640

2.75%, 4/1/2050		165,000		140,099

Duquesne Light Holdings, Inc. 2.53%, 10/1/2030 (a)		48,000		44,736

Emera US Finance LP (Canada)

2.64%, 6/15/2031		660,000		616,578

4.75%, 6/15/2046		50,000		52,768

Enel Finance International NV (Italy) 2.25%, 7/12/2031 (a)		200,000		180,447

Entergy Arkansas LLC

4.00%, 6/1/2028		13,000		13,827

2.65%, 6/15/2051		14,000		11,635

Entergy Louisiana LLC

2.40%, 10/1/2026		69,000		68,382

1.60%, 12/15/2030		10,000		8,935


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Electric Utilities — continued

Entergy Mississippi LLC 3.50%, 6/1/2051		20,000		19,513

Florida Power & Light Co. 2.45%, 2/3/2032		180,000		174,807

Indiana Michigan Power Co. Series K, 4.55%, 3/15/2046		50,000		54,917

ITC Holdings Corp. 2.95%, 5/14/2030 (a)		185,000		182,266

Kentucky Utilities Co. 5.13%, 11/1/2040		74,000		87,040

MidAmerican Energy Co. 3.65%, 4/15/2029		46,000		49,019

Mid-Atlantic Interstate Transmission LLC 4.10%, 5/15/2028 (a)		200,000		212,376

Monongahela Power Co. 4.10%, 4/15/2024 (a)		100,000		103,232

NRG Energy, Inc.

6.63%, 1/15/2027		21,000		21,704

5.75%, 1/15/2028		65,000		66,461

3.38%, 2/15/2029 (a)		70,000		65,009

5.25%, 6/15/2029 (a)		65,000		66,300

Ohio Power Co.

Series P, 2.60%, 4/1/2030		50,000		48,777

Series R, 2.90%, 10/1/2051		65,000		55,469

Oncor Electric Delivery Co. LLC 3.10%, 9/15/2049		50,000		46,247

Pacific Gas and Electric Co.

1.37%, 3/10/2023		50,000		49,477

1.70%, 11/15/2023		30,000		29,472

3.25%, 2/16/2024		75,000		75,492

3.45%, 7/1/2025		17,000		17,164

2.95%, 3/1/2026		10,000		9,870

4.65%, 8/1/2028		100,000		103,822

4.50%, 7/1/2040		130,000		122,491

4.20%, 6/1/2041		30,000		27,210

4.25%, 3/15/2046		78,000		70,330

PacifiCorp 4.15%, 2/15/2050		118,000		124,581

PG&E Corp.

5.00%, 7/1/2028		106,000		104,940

5.25%, 7/1/2030		15,000		14,900

Public Service Co. of Colorado Series 36, 2.70%, 1/15/2051		45,000		38,645

Public Service Electric and Gas Co. 3.00%, 5/15/2027		50,000		51,234

Southern California Edison Co.

Series G, 2.50%, 6/1/2031		400,000		379,220

Series C, 3.60%, 2/1/2045		35,000		32,582

Series C, 4.13%, 3/1/2048		88,000		88,728

Series 20A, 2.95%, 2/1/2051		80,000		67,523


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Electric Utilities — continued

Southwestern Electric Power Co.

Series N, 1.65%, 3/15/2026		45,000		43,463

3.25%, 11/1/2051		160,000		141,182

Southwestern Public Service Co.

3.30%, 6/15/2024		29,000		29,654

4.50%, 8/15/2041		74,000		82,085

Tucson Electric Power Co. 4.85%, 12/1/2048		72,000		82,875

Vistra Operations Co. LLC

5.50%, 9/1/2026 (a)		65,000		66,132

5.00%, 7/31/2027 (a)		55,000		55,408

4.38%, 5/1/2029 (a)		110,000		106,595

4.30%, 7/15/2029 (a)		90,000		91,164

Wisconsin Public Service Corp. 4.75%, 11/1/2044		69,000		80,613


				4,837,116


Electrical Equipment — 0.1%

Eaton Corp. 4.00%, 11/2/2032		50,000		54,576

EnerSys

5.00%, 4/30/2023 (a)		26,000		26,371

4.38%, 12/15/2027 (a)		65,000		64,350

Sensata Technologies BV 5.00%, 10/1/2025 (a)		40,000		41,364


				186,661


Electronic Equipment, Instruments & Components — 0.1%

Arrow Electronics, Inc. 2.95%, 2/15/2032		20,000		19,126

CDW LLC 4.25%, 4/1/2028		85,000		83,725

Sensata Technologies, Inc. 4.38%, 2/15/2030 (a)		40,000		38,900


				141,751


Energy Equipment & Services — 0.1%

Baker Hughes Holdings LLC

2.06%, 12/15/2026		70,000		68,346

4.49%, 5/1/2030		86,000		94,484

4.08%, 12/15/2047		30,000		30,328

Halliburton Co. 3.80%, 11/15/2025		12,000		12,559

Nabors Industries, Inc. 5.75%, 2/1/2025		15,000		14,370

Oceaneering International, Inc. 4.65%, 11/15/2024		120,000		118,095

Transocean Pontus Ltd. 6.13%, 8/1/2025 (a)		13,530		13,327


				351,509


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Entertainment — 0.6%

Activision Blizzard, Inc.

1.35%, 9/15/2030		230,000		204,843

2.50%, 9/15/2050		209,000		175,739

Cinemark USA, Inc.

5.88%, 3/15/2026 (a)		75,000		73,875

5.25%, 7/15/2028 (a)		40,000		38,152

Live Nation Entertainment, Inc.

5.63%, 3/15/2026 (a)		2,000		2,035

6.50%, 5/15/2027 (a)		10,000		10,707

4.75%, 10/15/2027 (a)		110,000		108,077

Netflix, Inc.

4.88%, 4/15/2028		555,000		594,571

5.88%, 11/15/2028		35,000		39,573

5.38%, 11/15/2029 (a)		88,000		98,285

Walt Disney Co. (The)

2.00%, 9/1/2029		50,000		47,728

3.80%, 3/22/2030		90,000		96,457

WMG Acquisition Corp. 3.88%, 7/15/2030 (a)		100,000		96,000


				1,586,042


Equity Real Estate Investment Trusts (REITs) — 0.7%

Alexandria Real Estate Equities, Inc. 1.88%, 2/1/2033		53,000		46,854

American Tower Corp.

1.45%, 9/15/2026		35,000		33,166

2.95%, 1/15/2051		25,000		20,502

AvalonBay Communities, Inc. 3.35%, 5/15/2027		32,000		33,242

Camden Property Trust 3.15%, 7/1/2029		30,000		30,663

Corporate Office Properties LP 2.25%, 3/15/2026		94,000		92,433

Duke Realty LP 1.75%, 7/1/2030		49,000		44,660

ERP Operating LP 3.25%, 8/1/2027		31,000		32,074

Essex Portfolio LP 2.65%, 3/15/2032		45,000		43,041

Goodman US Finance Three LLC (Australia) 3.70%, 3/15/2028 (a)		40,000		41,832

Healthpeak Properties, Inc.

2.13%, 12/1/2028		64,000		61,477

3.00%, 1/15/2030		37,000		36,824

Iron Mountain, Inc. 4.88%, 9/15/2027 (a)		150,000		150,183

Life Storage LP 2.20%, 10/15/2030		88,000		82,038


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Equity Real Estate Investment Trusts (REITs) — continued

MGM Growth Properties Operating Partnership LP

5.63%, 5/1/2024		67,000		69,557

4.50%, 9/1/2026		95,000		96,922

National Retail Properties, Inc. 3.60%, 12/15/2026		39,000		40,499

Office Properties Income Trust

4.50%, 2/1/2025		88,000		90,175

3.45%, 10/15/2031		35,000		32,036

Realty Income Corp.

4.13%, 10/15/2026		44,000		46,688

3.25%, 1/15/2031		9,000		9,125

Regency Centers LP 3.70%, 6/15/2030		85,000		88,646

RHP Hotel Properties LP 4.75%, 10/15/2027		140,000		136,850

Sabra Health Care LP 3.20%, 12/1/2031		70,000		65,102

SBA Communications Corp. 3.13%, 2/1/2029		75,000		69,660

Simon Property Group LP 3.25%, 9/13/2049		31,000		28,484

UDR, Inc. 2.10%, 8/1/2032		45,000		40,482

VICI Properties LP

3.50%, 2/15/2025 (a)		90,000		90,211

4.25%, 12/1/2026 (a)		30,000		30,300

4.63%, 12/1/2029 (a)		20,000		20,400

WP Carey, Inc. 2.25%, 4/1/2033		95,000		85,090


				1,789,216


Food & Staples Retailing — 0.3%

7-Eleven, Inc.

0.95%, 2/10/2026 (a)		15,000		14,123

1.30%, 2/10/2028 (a)		12,000		10,935

2.50%, 2/10/2041 (a)		14,000		11,712

2.80%, 2/10/2051 (a)		50,000		41,741

Albertsons Cos., Inc.

4.63%, 1/15/2027 (a)		430,000		431,887

4.88%, 2/15/2030 (a)		20,000		20,050

Alimentation Couche-Tard, Inc. (Canada)

3.44%, 5/13/2041 (a)		5,000		4,669

3.63%, 5/13/2051 (a)		10,000		9,304

Performance Food Group, Inc. 5.50%, 10/15/2027 (a)		111,000		112,942

Rite Aid Corp. 8.00%, 11/15/2026 (a)		125,000		118,992

Sysco Corp. 2.40%, 2/15/2030		50,000		47,776


				824,131


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Food Products — 0.2%

Bunge Ltd. Finance Corp. 2.75%, 5/14/2031		30,000		28,553

Campbell Soup Co. 4.15%, 3/15/2028		20,000		21,395

Darling Ingredients, Inc. 5.25%, 4/15/2027 (a)		50,000		50,878

Kraft Heinz Foods Co.

3.00%, 6/1/2026		24,000		23,969

3.75%, 4/1/2030		115,000		117,219

Lamb Weston Holdings, Inc. 4.13%, 1/31/2030 (a)		110,000		106,425

Mead Johnson Nutrition Co. (United Kingdom) 4.13%, 11/15/2025		64,000		67,448

Post Holdings, Inc.

5.75%, 3/1/2027 (a)		75,000		75,787

5.50%, 12/15/2029 (a)		85,000		85,713

4.63%, 4/15/2030 (a)		30,000		28,244


				605,631


Gas Utilities — 0.1%

AmeriGas Partners LP

5.50%, 5/20/2025		23,000		23,415

5.88%, 8/20/2026		10,000		10,206

5.75%, 5/20/2027		80,000		80,824

Atmos Energy Corp. 5.50%, 6/15/2041		52,000		63,035

Boston Gas Co. 3.00%, 8/1/2029 (a)		37,000		36,560

Southern California Gas Co.

Series XX, 2.55%, 2/1/2030		33,000		32,112


				246,152


Health Care Equipment & Supplies — 0.2%

Abbott Laboratories 1.15%, 1/30/2028		20,000		18,779

Avantor Funding, Inc. 4.63%, 7/15/2028 (a)		110,000		111,650

Becton Dickinson and Co.

3.70%, 6/6/2027		45,000		47,171

Hologic, Inc.

3.25%, 2/15/2029 (a)		115,000		108,963

Mozart Debt Merger Sub, Inc.

3.88%, 4/1/2029 (a)		65,000		61,674

5.25%, 10/1/2029 (a)		55,000		52,525

Teleflex, Inc.

4.63%, 11/15/2027		20,000		20,300

4.25%, 6/1/2028 (a)		85,000		83,937


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Health Care Equipment & Supplies — continued

Zimmer Biomet Holdings, Inc.

2.60%, 11/24/2031		58,000		54,749


				559,748


Health Care Providers & Services — 1.3%

Acadia Healthcare Co., Inc.

5.50%, 7/1/2028 (a)		75,000		75,188

AdaptHealth LLC

4.63%, 8/1/2029 (a)		85,000		76,683

Centene Corp.

4.63%, 12/15/2029		470,000		484,100

Cigna Corp.

2.38%, 3/15/2031		35,000		32,990

CommonSpirit Health

1.55%, 10/1/2025		13,000		12,546

2.78%, 10/1/2030		13,000		12,685

3.91%, 10/1/2050		15,000		15,195

Community Health Systems, Inc.

5.63%, 3/15/2027 (a)		230,000		231,886

CVS Health Corp.

2.88%, 6/1/2026		10,000		10,120

4.30%, 3/25/2028		37,000		39,943

2.70%, 8/21/2040		50,000		43,645

DaVita, Inc.

4.63%, 6/1/2030 (a)		160,000		153,400

Encompass Health Corp.

4.50%, 2/1/2028		85,000		82,750

4.75%, 2/1/2030		40,000		38,196

Envision Healthcare Corp.

8.75%, 10/15/2026 (a)		20,000		10,600

Hackensack Meridian Health, Inc.

Series 2020, 2.68%, 9/1/2041		50,000		44,969

HCA, Inc.

5.25%, 6/15/2026		60,000		64,968

5.38%, 9/1/2026		155,000		166,779

4.50%, 2/15/2027		210,000		222,567

5.63%, 9/1/2028		420,000		465,368

5.88%, 2/1/2029		25,000		27,938

3.50%, 9/1/2030		25,000		24,750

3.50%, 7/15/2051		70,000		62,236

MidMichigan Health

Series 2020, 3.41%, 6/1/2050		10,000		9,728

MultiCare Health System

2.80%, 8/15/2050		10,000		8,902


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Health Care Providers & Services — continued

New York and Presbyterian Hospital (The) 2.61%, 8/1/2060		5,000		4,212

Northwell Healthcare, Inc.

4.26%, 11/1/2047		110,000		120,040

Owens & Minor, Inc.

4.50%, 3/31/2029 (a)		110,000		103,723

Quest Diagnostics, Inc.

2.95%, 6/30/2030		15,000		14,788

Tenet Healthcare Corp.

4.63%, 9/1/2024 (a)		140,000		141,896

4.88%, 1/1/2026 (a)		125,000		125,850

5.13%, 11/1/2027 (a)		145,000		147,798

4.25%, 6/1/2029 (a)		215,000		207,518

UnitedHealth Group, Inc.

3.38%, 4/15/2027		91,000		95,507

3.05%, 5/15/2041		90,000		86,364

4.63%, 11/15/2041		132,000		152,564

3.25%, 5/15/2051		55,000		53,408

Universal Health Services, Inc.

2.65%, 10/15/2030 (a)		32,000		30,222


				3,702,022


Health Care Technology — 0.1%

IQVIA, Inc.

5.00%, 5/15/2027 (a)		200,000		204,586


Hotels, Restaurants & Leisure — 0.7%

1011778 BC ULC (Canada)

5.75%, 4/15/2025 (a)		50,000		51,461

3.88%, 1/15/2028 (a)		92,000		89,470

Boyd Gaming Corp.

4.75%, 12/1/2027		65,000		65,255

Boyne USA, Inc.

4.75%, 5/15/2029 (a)		85,000		83,513

Caesars Resort Collection LLC

5.75%, 7/1/2025 (a)		75,000		76,908

Carnival Corp.

9.88%, 8/1/2027 (a)		110,000		123,475

4.00%, 8/1/2028 (a)		45,000		43,121

Cedar Fair LP

5.38%, 4/15/2027		85,000		85,638

Hilton Domestic Operating Co., Inc.

5.38%, 5/1/2025 (a)		25,000		25,777

4.88%, 1/15/2030		150,000		154,311


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Hotels, Restaurants & Leisure — continued

International Game Technology plc

6.25%, 1/15/2027 (a)		200,000		212,000

Marriott Ownership Resorts, Inc.

4.50%, 6/15/2029 (a)		70,000		66,325

MGM Resorts International

5.50%, 4/15/2027		41,000		42,310

Royal Caribbean Cruises Ltd.

9.13%, 6/15/2023 (a)		100,000		104,568

11.50%, 6/1/2025 (a)		10,000		11,047

Scientific Games International, Inc.

5.00%, 10/15/2025 (a)		26,000		26,260

Six Flags Theme Parks, Inc.

7.00%, 7/1/2025 (a)		125,000		130,554

Starbucks Corp.

3.35%, 3/12/2050		5,000		4,540

Station Casinos LLC

4.50%, 2/15/2028 (a)		105,000		100,931

Travel + Leisure Co.

5.65%, 4/1/2024 (f)		25,000		25,938

Vail Resorts, Inc.

6.25%, 5/15/2025 (a)		70,000		72,100

Wynn Las Vegas LLC

5.50%, 3/1/2025 (a)		75,000		76,064

Wynn Resorts Finance LLC

5.13%, 10/1/2029 (a)		100,000		96,250

Yum! Brands, Inc.

7.75%, 4/1/2025 (a)		35,000		36,468


				1,804,284


Household Durables — 0.2%

CD&R Smokey Buyer, Inc.

6.75%, 7/15/2025 (a)		55,000		56,788

Lennar Corp.

4.50%, 4/30/2024		6,000		6,241

MDC Holdings, Inc.

3.85%, 1/15/2030		65,000		65,473

2.50%, 1/15/2031		75,000		68,084

Newell Brands, Inc.

4.70%, 4/1/2026 (f)		55,000		56,935

5.87%, 4/1/2036 (f)		50,000		54,813

Tempur Sealy International, Inc.

4.00%, 4/15/2029 (a)		110,000		103,666


				412,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Household Products — 0.2%

Central Garden & Pet Co. 5.13%, 2/1/2028		145,000		147,719

Energizer Holdings, Inc. 4.38%, 3/31/2029 (a)		150,000		135,187

Kimberly-Clark Corp. 3.20%, 4/25/2029		39,000		40,536

Spectrum Brands, Inc.

5.75%, 7/15/2025		5,000		5,084

5.00%, 10/1/2029 (a)		95,000		93,813

				422,339


Independent Power and Renewable Electricity Producers — 0.1%

Calpine Corp.

5.25%, 6/1/2026 (a)		23,000		23,230

5.13%, 3/15/2028 (a)		55,000		53,000

Constellation Energy Generation LLC

3.25%, 6/1/2025		37,000		37,779

5.75%, 10/1/2041		20,000		22,217

5.60%, 6/15/2042		95,000		105,230


				241,456


Industrial Conglomerates — 0.0% (e)

Roper Technologies, Inc.

1.75%, 2/15/2031		45,000		39,786


Insurance — 0.3%

Aflac, Inc.

3.25%, 3/17/2025		21,000		21,643

Allstate Corp. (The)

5.35%, 6/1/2033		23,000		27,319

Athene Global Funding

0.95%, 1/8/2024 (a)		22,000		21,501

2.50%, 1/14/2025 (a)		7,000		6,988

1.45%, 1/8/2026 (a)		20,000		19,100

2.95%, 11/12/2026 (a)		44,000		44,122

Berkshire Hathaway Finance Corp.

4.25%, 1/15/2049		79,000		88,086

2.85%, 10/15/2050		60,000		52,633

Equitable Financial Life Global Funding

1.70%, 11/12/2026 (a)		25,000		23,902

F&G Global Funding

1.75%, 6/30/2026 (a)		10,000		9,628

Lincoln National Corp.

3.35%, 3/9/2025		30,000		30,994

Manulife Financial Corp. (Canada)

4.15%, 3/4/2026		42,000		44,507

MetLife, Inc.

4.13%, 8/13/2042		79,000		84,317


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Insurance — continued

New York Life Global Funding

3.00%, 1/10/2028 (a)		51,000		52,285

Pacific Life Insurance Co.

(ICE LIBOR USD 3 Month + 2.80%), 4.30%, 10/24/2067 (a)(b)		27,000		27,007

Principal Financial Group, Inc.

3.70%, 5/15/2029		45,000		47,901

Progressive Corp. (The)

4.35%, 4/25/2044		42,000		46,961

Prudential Financial, Inc.

3.88%, 3/27/2028		32,000		34,205

3.91%, 12/7/2047		20,000		20,827

Teachers Insurance & Annuity Association of America

4.27%, 5/15/2047 (a)		40,000		43,243

Travelers Cos., Inc. (The)

5.35%, 11/1/2040		46,000		57,079

W R Berkley Corp.

3.55%, 3/30/2052		45,000		42,345


				846,593


Internet & Direct Marketing Retail — 0.1%

Amazon.com, Inc.

3.15%, 8/22/2027		201,000		210,048

3.10%, 5/12/2051		40,000		38,665

Photo Holdings Merger Sub, Inc.

8.50%, 10/1/2026 (a)		13,000		12,909


				261,622


IT Services — 0.3%

Arches Buyer, Inc.

4.25%, 6/1/2028 (a)		85,000		80,495

Black Knight InfoServ LLC

3.63%, 9/1/2028 (a)		90,000		85,197

Block, Inc.

3.50%, 6/1/2031 (a)		65,000		61,038

Fidelity National Information Services, Inc.

2.25%, 3/1/2031		20,000		18,210

Gartner, Inc.

3.75%, 10/1/2030 (a)		130,000		126,464

Global Payments, Inc.

3.20%, 8/15/2029		60,000		59,227

2.90%, 5/15/2030		40,000		38,486

2.90%, 11/15/2031		75,000		71,512


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

IT Services — continued

International Business Machines Corp. 5.60%, 11/30/2039		66,000		82,555

Presidio Holdings, Inc.

4.88%, 2/1/2027 (a)		75,000		74,812


				697,996


Leisure Products — 0.1%

Hasbro, Inc.

3.90%, 11/19/2029		15,000		15,699

Mattel, Inc.

3.38%, 4/1/2026(a)		70,000		69,517

5.88%, 12/15/2027 (a)		65,000		68,900


				154,116


Life Sciences Tools & Services —0.1%

Charles River Laboratories International, Inc. 3.75%, 3/15/2029 (a)		80,000		76,896

Thermo Fisher Scientific, Inc. 1.75%, 10/15/2028		20,000		18,940

2.60%, 10/1/2029		91,000		89,649


				185,485


Machinery — 0.2%

Amsted Industries, Inc. 5.63%, 7/1/2027 (a)		65,000		65,650

Caterpillar, Inc. 4.30%, 5/15/2044		78,000		88,962

Illinois Tool Works, Inc. 3.90%, 9/1/2042		15,000		15,902

Otis Worldwide Corp. 2.06%, 4/5/2025		30,000		29,773

Parker-Hannifin Corp. 3.25%, 3/1/2027		92,000		95,232

Stanley Black & Decker, Inc. 2.75%, 11/15/2050		10,000		8,406

TK Elevator US Newco, Inc. (Germany)

5.25%, 7/15/2027 (a)		200,000		198,000

Xylem, Inc. 1.95%, 1/30/2028		30,000		28,733


				530,658


Media — 1.5%

Altice Financing SA (Luxembourg) 5.75%, 8/15/2029 (a)		200,000		182,250

AMC Networks, Inc. 5.00%, 4/1/2024		4,000		3,996

Charter Communications Operating LLC 2.25%, 1/15/2029		165,000		152,381

3.50%, 6/1/2041		85,000		73,448


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Media — continued

3.50%, 3/1/2042		90,000		77,585

3.70%, 4/1/2051		40,000		33,558

3.90%, 6/1/2052		95,000		82,626

Clear Channel Outdoor Holdings, Inc 5.13%, 8/15/2027 (a)		157,000		156,859

Comcast Corp. 4.25%, 10/15/2030		94,000		103,389

1.50%, 2/15/2031		200,000		177,782

3.90%, 3/1/2038		95,000		96,723

3.25%, 11/1/2039		133,000		126,009

4.00%, 3/1/2048		45,000		46,065

2.89%, 11/1/2051 (a)		10,000		8,675

2.45%, 8/15/2052		110,000		88,632

2.94%, 11/1/2056 (a)		298,000		250,818

CSC Holdings LLC 5.50%, 4/15/2027 (a)		200,000		199,500

Diamond Sports Group LLC 5.38%, 8/15/2026 (a)		35,000		14,350

Directv Financing LLC 5.88%, 8/15/2027 (a)		80,000		79,973

Discovery Communications LLC 4.00%, 9/15/2055		25,000		22,718

DISH DBS Corp. 5.88%, 11/15/2024		246,000		246,000

7.75%, 7/1/2026		290,000		293,680

5.25%, 12/1/2026 (a)		175,000		171,555

Gray Escrow II, Inc. 5.38%, 11/15/2031 (a)		135,000		129,959

iHeartCommunications, Inc. 6.38%, 5/1/2026		25,000		25,782

8.38%, 5/1/2027		25,000		26,042

5.25%, 8/15/2027 (a)		115,000		114,545

Lamar Media Corp. 3.75%, 2/15/2028		40,000		38,432

4.00%, 2/15/2030		35,000		33,688

Midas OpCo Holdings LLC 5.63%, 8/15/2029 (a)		85,000		83,300

Midcontinent Communications 5.38%, 8/15/2027 (a)		15,000		14,831

News Corp. 3.88%, 5/15/2029 (a)		55,000		52,662

Nexstar Media, Inc. 5.63%, 7/15/2027 (a)		40,000		40,900

4.75%, 11/1/2028 (a)		95,000		92,150

Outfront Media Capital LLC 6.25%, 6/15/2025 (a)		25,000		25,969

5.00%, 8/15/2027 (a)		76,000		75,316


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Media — continued

Paramount Global 4.95%, 1/15/2031		50,000		54,195

Scripps Escrow II, Inc. 3.88%, 1/15/2029 (a)		70,000		65,600

Sinclair Television Group, Inc. 4.13%, 12/1/2030 (a)		65,000		58,194

Sirius XM Radio, Inc. 5.00%, 8/1/2027 (a)		110,000		111,489

5.50%, 7/1/2029 (a)		295,000		301,637

TEGNA, Inc. 5.00%, 9/15/2029		55,000		54,849

Univision Communications, Inc. 4.50%, 5/1/2029 (a)		70,000		67,003

Videotron Ltd. (Canada) 5.38%, 6/15/2024 (a)		37,000		38,331

5.13%, 4/15/2027 (a)		25,000		25,437


				4,218,883


Metals & Mining — 0.8%

Alcoa Nederland Holding BV 5.50%, 12/15/2027 (a)		200,000		208,500

Allegheny Technologies, Inc. 5.88%, 12/1/2027		100,000		102,050

Arconic Corp. 6.00%, 5/15/2025 (a)		40,000		41,200

6.13%, 2/15/2028 (a)		60,000		61,350

Carpenter Technology Corp. 6.38%, 7/15/2028		100,000		100,875

Cleveland-Cliffs, Inc. 6.75%, 3/15/2026 (a)		125,000		131,743

5.88%, 6/1/2027		70,000		72,107

Commercial Metals Co. 4.88%, 5/15/2023		28,000		28,553

FMG Resources August 2006 Pty. Ltd. (Australia)

4.50%, 9/15/2027 (a)		100,000		100,282

Freeport-McMoRan, Inc. 5.00%, 9/1/2027		45,000		46,350

4.63%, 8/1/2030		60,000		61,941

5.40%, 11/14/2034		43,000		48,321

5.45%, 3/15/2043		275,000		316,291

Glencore Funding LLC (Australia) 3.88%, 10/27/2027 (a)		40,000		41,263

2.50%, 9/1/2030 (a)		37,000		34,044

2.85%, 4/27/2031 (a)		185,000		173,751

2.63%, 9/23/2031 (a)		113,000		103,812

Kaiser Aluminum Corp. 4.63%, 3/1/2028 (a)		85,000		80,263


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)



Metals & Mining — continued

Novelis Corp.

4.75%, 1/30/2030 (a)		105,000		102,745

Nucor Corp. 2.98%, 12/15/2055		200,000		172,082

Rio Tinto Finance USA Ltd. (Australia) 7.13%, 7/15/2028		59,000		73,695

Teck Resources Ltd. (Canada) 6.13%, 10/1/2035		20,000		24,434

5.40%, 2/1/2043		20,000		22,196

Vale Overseas Ltd. (Brazil) 3.75%, 7/8/2030		20,000		19,640

8.25%, 1/17/2034		45,000		58,958


				2,226,446


Multi-Utilities — 0.2%

Ameren Corp. 1.95%, 3/15/2027		20,000		19,328

3.50%, 1/15/2031		211,000		216,869

Berkshire Hathaway Energy Co. 5.15%, 11/15/2043		94,000		109,114

2.85%, 5/15/2051		40,000		33,941

Consolidated Edison Co. of New York, Inc.

Series A, 4.13%, 5/15/2049		41,000		42,533

PG&E Energy Recovery Funding LLC

Series A-3, 2.82%, 7/15/2046		70,000		66,840

Puget Sound Energy, Inc. 5.76%, 7/15/2040		90,000		111,027

San Diego Gas & Electric Co. 2.95%, 8/15/2051		30,000		26,875

Southern Co. Gas Capital Corp.

Series 21A, 3.15%, 9/30/2051		50,000		44,456


				670,983


Oil, Gas & Consumable Fuels — 3.2%

Antero Midstream Partners LP 7.88%, 5/15/2026 (a)		80,000		86,000

Antero Resources Corp. 5.00%, 3/1/2025		85,000		86,063

5.38%, 3/1/2030 (a)		50,000		50,937

Apache Corp. 4.88%, 11/15/2027		165,000		169,537

BP Capital Markets America, Inc. 3.02%, 1/16/2027		106,000		107,984

3.94%, 9/21/2028		20,000		21,208

2.72%, 1/12/2032		475,000		455,039

3.06%, 6/17/2041		130,000		116,538


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Oil, Gas & Consumable Fuels — continued

3.00%, 2/24/2050		99,000		84,602

2.77%, 11/10/2050		55,000		45,928

2.94%, 6/4/2051		67,000		56,356

3.00%, 3/17/2052		280,000		237,983

BP Capital Markets plc (United Kingdom)

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.04%), 4.38%, 6/22/2025 (b) (c) (d)		85,000		85,000

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.40%), 4.88%, 3/22/2030 (b) (c) (d)		155,000		153,620

Buckeye Partners LP

3.95%, 12/1/2026		10,000		9,650

4.13%, 12/1/2027		105,000		99,172

Cameron LNG LLC 3.70%, 1/15/2039 (a)		20,000		19,965

Cheniere Corpus Christi Holdings LLC

5.88%, 3/31/2025		285,000		307,766

5.13%, 6/30/2027		140,000		152,666

3.70%, 11/15/2029		200,000		203,755

Cheniere Energy Partners LP

4.50%, 10/1/2029		164,000		167,149

4.00%, 3/1/2031		135,000		132,975

3.25%, 1/31/2032 (a)		25,000		23,500

Chesapeake Energy Corp. 6.75%, 4/15/2029 (a)		80,000		84,576

Chevron Corp. 2.00%, 5/11/2027		21,000		20,690

CNX Resources Corp. 7.25%, 3/14/2027 (a)		125,000		132,045

Comstock Resources, Inc. 7.50%, 5/15/2025 (a)		97,000		99,215

Continental Resources, Inc. 2.88%, 4/1/2032 (a)		120,000		109,708

Coterra Energy, Inc. 3.90%, 5/15/2027 (a)		30,000		31,260

Crestwood Midstream Partners LP

5.75%, 4/1/2025		100,000		100,625

8.00%, 4/1/2029(a)		45,000		47,879

DCP Midstream Operating LP 5.38%, 7/15/2025		85,000		90,024

Diamondback Energy, Inc. 3.25%, 12/1/2026		33,000		33,703

DT Midstream, Inc. 4.13%, 6/15/2029 (a)		110,000		106,150

Energy Transfer LP

4.25%, 3/15/2023		120,000		122,297

4.75%, 1/15/2026		40,000		42,476


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Oil, Gas & Consumable Fuels — continued

4.40%, 3/15/2027		40,000		41,960

5.50%, 6/1/2027		36,000		39,684

4.15%, 9/15/2029		150,000		154,826

5.80%, 6/15/2038		100,000		110,978

5.35%, 5/15/2045		45,000		47,564

EnLink Midstream Partners LP

4.40%, 4/1/2024		8,000		8,148

4.85%, 7/15/2026		65,000		65,812

5.60%, 4/1/2044		9,000		7,673

Enterprise Products Operating LLC

2.80%, 1/31/2030		37,000		36,376

3.30%, 2/15/2053		30,000		26,287

EQM Midstream Partners LP

4.00%, 8/1/2024		85,000		83,300

6.50%, 7/1/2027 (a)		80,000		83,671

4.75%, 1/15/2031 (a)		155,000		145,313

EQT Corp.
6.63%, 2/1/2025 (f)		80,000		86,418
3.90%, 10/1/2027		85,000		85,909

Exxon Mobil Corp.

2.99%, 3/19/2025		18,000		18,481

3.00%, 8/16/2039		65,000		62,354

4.23%, 3/19/2040		200,000		220,193

3.10%, 8/16/2049		275,000		256,657

Flex Intermediate Holdco LLC

3.36%, 6/30/2031 (a)		64,000		61,197

4.32%, 12/30/2039 (a)		20,000		18,797

Genesis Energy LP 6.25%, 5/15/2026		80,000		76,800

Gray Oak Pipeline LLC

2.00%, 9/15/2023 (a)		44,000		43,903

2.60%, 10/15/2025 (a)		42,000		41,530

Gulfport Energy Corp.

8.00%, 5/17/2026 (a)		50,000		52,875

Hess Midstream Operations LP

5.63%, 2/15/2026 (a)		105,000		107,625

Kinder Morgan, Inc. 3.25%, 8/1/2050		75,000		63,043

MEG Energy Corp. (Canada)

6.50%, 1/15/2025 (a)		4,000		4,060

7.13%, 2/1/2027 (a)		65,000		67,805

NGL Energy Operating LLC

7.50%, 2/1/2026 (a)		95,000		95,392

NGPL PipeCo LLC 3.25%, 7/15/2031 (a)		10,000		9,590

NuStar Logistics LP

5.75%, 10/1/2025		60,000		62,475

5.63%, 4/28/2027		20,000		20,018


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Oil, Gas & Consumable Fuels — continued

Occidental Petroleum Corp.

8.00%, 7/15/2025		105,000		118,799

8.88%, 7/15/2030		150,000		193,950

6.63%, 9/1/2030		260,000		302,553

Pioneer Natural Resources Co.

1.13%, 1/15/2026		50,000		47,508

Range Resources Corp.

4.88%, 5/15/2025		45,000		45,675

8.25%, 1/15/2029		90,000		98,624

Sabine Pass Liquefaction LLC

5.88%, 6/30/2026		385,000		426,915

4.50%, 5/15/2030		69,000		74,436

Southwestern Energy Co.

5.95%, 1/23/2025 (f)		2,000		2,085

7.75%, 10/1/2027		55,000		58,025

5.38%, 3/15/2030		150,000		154,875

Spectra Energy Partners LP

4.50%, 3/15/2045		15,000		15,731

Suncor Energy, Inc. (Canada)

6.80%, 5/15/2038		83,000		108,627

Sunoco LP

6.00%, 4/15/2027		80,000		82,579

4.50%, 5/15/2029		80,000		76,664

Tallgrass Energy Partners LP

7.50%, 10/1/2025 (a)		45,000		47,250

6.00%, 12/31/2030 (a)		25,000		24,079

6.00%, 9/1/2031 (a)		40,000		37,700

Targa Resources Partners LP

5.88%, 4/15/2026		100,000		103,250

6.88%, 1/15/2029		165,000		179,588

4.88%, 2/1/2031		90,000		92,519

Tennessee Gas Pipeline Co. LLC

2.90%, 3/1/2030 (a)		145,000		139,039

TotalEnergies Capital International SA (France)

3.46%, 7/12/2049		84,000		81,537

3.13%, 5/29/2050		80,000		73,927

TransCanada PipeLines Ltd. (Canada)

5.10%, 3/15/2049		48,000		56,292

Valero Energy Corp. 2.15%, 9/15/2027		25,000		24,273

Western Midstream Operating LP

4.75%, 8/15/2028		30,000		31,050

Williams Cos., Inc. (The) 5.40%, 3/4/2044		50,000		55,824


				8,954,129


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)



Personal Products — 0.1%

Edgewell Personal Care Co.

5.50%, 6/1/2028 (a)		100,000		100,500

4.13%, 4/1/2029 (a)		70,000		65,728

Estee Lauder Cos., Inc. (The)

2.60%, 4/15/2030		158,000		156,814

Prestige Brands, Inc. 5.13%, 1/15/2028 (a)		80,000		80,100


				403,142


Pharmaceuticals — 1.0%

AstraZeneca plc (United Kingdom)

2.13%, 8/6/2050		110,000		86,829

Bausch Health Americas, Inc.

9.25%, 4/1/2026 (a)		263,000		271,931

8.50%, 1/31/2027 (a)		88,000		89,058

Bausch Health Cos., Inc.

5.50%, 11/1/2025 (a)		55,000		55,194

5.75%, 8/15/2027 (a)		30,000		29,812

5.00%, 1/30/2028 (a)		30,000		25,125

4.88%, 6/1/2028 (a)		280,000		268,960

5.00%, 2/15/2029 (a)		175,000		141,651

Bristol-Myers Squibb Co.

2.95%, 3/15/2032 (g)		100,000		101,295

4.13%, 6/15/2039		164,000		179,748

2.35%, 11/13/2040		20,000		17,163

5.00%, 8/15/2045		33,000		40,393

3.70%, 3/15/2052 (g)		135,000		139,159

Eli Lilly & Co. 2.25%, 5/15/2050		70,000		58,346

Jazz Securities DAC 4.38%, 1/15/2029 (a)		200,000		198,092

Merck & Co., Inc. 2.75%, 12/10/2051		240,000		213,913

Organon & Co. 4.13%, 4/30/2028 (a)		200,000		196,722

Par Pharmaceutical, Inc.

7.50%, 4/1/2027 (a)		80,000		80,132

Pfizer, Inc. 2.63%, 4/1/2030		30,000		30,008

Roche Holdings, Inc. (Switzerland)

2.08%, 12/13/2031 (a)		400,000		380,065

Royalty Pharma plc 1.20%, 9/2/2025		16,000		15,194

Shire Acquisitions Investments Ireland DAC

3.20%, 9/23/2026		45,000		46,188

Zoetis, Inc. 2.00%, 5/15/2030		35,000		32,492


				2,697,470


Real Estate Management & Development — 0.1%

Kennedy-Wilson, Inc. 4.75%, 3/1/2029		75,000		73,252

Realogy Group LLC 5.75%, 1/15/2029 (a)		105,000		103,819


				177,071


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Road & Rail — 0.4%

Avis Budget Car Rental LLC

4.75%, 4/1/2028 (a)		95,000		90,250

5.38%, 3/1/2029 (a)		55,000		54,105

Burlington Northern Santa Fe LLC

3.55%, 2/15/2050		78,000		78,271

3.05%, 2/15/2051		155,000		143,714

Canadian Pacific Railway Co. (Canada)

3.10%, 12/2/2051		180,000		163,188

CSX Corp. 3.25%, 6/1/2027		20,000		20,716

Hertz Corp. (The) 4.63%, 12/1/2026 (a)		105,000		100,013

Kansas City Southern 2.88%, 11/15/2029		35,000		34,771

Norfolk Southern Corp.

3.95%, 10/1/2042		50,000		52,196

Penske Truck Leasing Co. LP

1.20%, 11/15/2025 (a)		46,000		43,615

Triton Container International Ltd. (Bermuda) 1.15%, 6/7/2024 (a)		200,000		194,600

Uber Technologies, Inc. 7.50%, 5/15/2025 (a)		80,000		83,220


				1,058,659


Semiconductors & Semiconductor Equipment — 0.2%

Amkor Technology, Inc. 6.63%, 9/15/2027 (a)		7,000		7,315

Analog Devices, Inc. 3.50%, 12/5/2026		25,000		26,310

Broadcom, Inc.

4.11%, 9/15/2028		82,000		86,154

3.14%, 11/15/2035 (a)		38,000		35,196

Intel Corp. 3.05%, 8/12/2051		5,000		4,541

KLA Corp. 3.30%, 3/1/2050		30,000		28,337

Microchip Technology, Inc. 0.97%, 2/15/2024		25,000		24,362

NXP BV (China)

3.25%, 5/11/2041 (a)		70,000		64,014

3.13%, 2/15/2042 (a)		30,000		26,822

ON Semiconductor Corp. 3.88%, 9/1/2028 (a)		75,000		74,344

TSMC Arizona Corp. (Taiwan) 3.13%, 10/25/2041		200,000		189,130

Xilinx, Inc. 2.38%, 6/1/2030		39,000		37,504


				604,029


Software — 0.3%

Clarivate Science Holdings Corp. 3.88%, 7/1/2028 (a)		85,000		80,325


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)



Software — continued

NCR Corp.

5.75%, 9/1/2027 (a)		50,000		50,738

6.13%, 9/1/2029 (a)		106,000		110,007

Nuance Communications, Inc. 5.63%, 12/15/2026		83,000		85,298

Oracle Corp.

2.65%, 7/15/2026		233,000		231,404

2.30%, 3/25/2028		15,000		14,292

3.80%, 11/15/2037		150,000		142,557

3.65%, 3/25/2041		15,000		13,595

3.95%, 3/25/2051		15,000		13,741

4.38%, 5/15/2055		55,000		52,158

SS&C Technologies, Inc. 5.50%, 9/30/2027 (a)		100,000		102,776

VMware, Inc. 4.65%, 5/15/2027		55,000		59,559


				956,450


Specialty Retail — 0.5%

Asbury Automotive Group, Inc. 4.50%, 3/1/2028		75,000		73,712

Bath & Body Works, Inc.

7.50%, 6/15/2029		65,000		71,232

6.88%, 11/1/2035		60,000		66,314

Gap, Inc. (The) 3.63%, 10/1/2029 (a)		130,000		117,715

Group 1 Automotive, Inc. 4.00%, 8/15/2028 (a)		70,000		67,463

Home Depot, Inc. (The)

3.90%, 12/6/2028		112,000		120,963

4.25%, 4/1/2046		151,000		166,435

Lithia Motors, Inc. 3.88%, 6/1/2029 (a)		100,000		98,688

Lowe’s Cos., Inc. 1.70%, 10/15/2030		170,000		152,952

O’Reilly Automotive, Inc. 1.75%, 3/15/2031		23,000		20,641

Penske Automotive Group, Inc. 3.75%, 6/15/2029		115,000		107,381

PetSmart, Inc. 4.75%, 2/15/2028 (a)		250,000		249,375

SRS Distribution, Inc. 4.63%, 7/1/2028 (a)		90,000		86,287

Staples, Inc.

7.50%, 4/15/2026 (a)		75,000		74,152

10.75%, 4/15/2027 (a)		23,000		21,422


				1,494,732


Technology Hardware, Storage & Peripherals — 0.2%

Apple, Inc.

2.20%, 9/11/2029		46,000		45,151

4.38%, 5/13/2045		129,000		147,466

2.85%, 8/5/2061		85,000		75,517


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Technology Hardware, Storage & Peripherals — continued

Dell International LLC

4.90%, 10/1/2026		30,000		32,495

5.30%, 10/1/2029		100,000		111,522

Xerox Corp. 4.38%, 3/15/2023 (f)		13,000		13,130


				425,281


Textiles, Apparel & Luxury Goods — 0.0% (e)

Hanesbrands, Inc.

4.63%, 5/15/2024 (a)		13,000		13,179

4.88%, 5/15/2026 (a)		20,000		20,366


				33,545


Thrifts & Mortgage Finance — 0.3%

BPCE SA (France) 3.50%, 10/23/2027 (a)		250,000		253,100

(SOFR + 1.73%), 3.12%,

10/19/2032 (a) (b)		250,000		235,659

Ladder Capital Finance Holdings LLLP

REIT, 5.25%, 10/1/2025 (a)		13,000		13,032

Nationstar Mortgage Holdings, Inc. 6.00%, 1/15/2027 (a)		115,000		116,725

Rocket Mortgage LLC 3.63%, 3/1/2029 (a)		120,000		112,366


				730,882


Tobacco — 0.4%

Altria Group, Inc.

2.45%, 2/4/2032		80,000		71,423

3.40%, 2/4/2041		145,000		120,032

3.88%, 9/16/2046		95,000		81,639

BAT Capital Corp. (United Kingdom) 3.56%, 8/15/2027		141,000		141,907

4.39%, 8/15/2037		600,000		575,055

Philip Morris International, Inc.

3.13%, 3/2/2028		49,000		50,285

4.38%, 11/15/2041		10,000		10,378

4.13%, 3/4/2043		100,000		100,167


				1,150,886


Trading Companies & Distributors — 0.5%

Air Lease Corp.

3.38%, 7/1/2025		92,000		93,071

1.88%, 8/15/2026		50,000		47,399

Aviation Capital Group LLC

4.13%, 8/1/2025 (a)		50,000		50,970

1.95%, 1/30/2026 (a)		50,000		47,611

Herc Holdings, Inc. 5.50%, 7/15/2027 (a)		565,000		579,125


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)



Trading Companies & Distributors — continued

Imola Merger Corp. 4.75%, 5/15/2029 (a)		105,000		101,829

United Rentals North America, Inc.

5.25%, 1/15/2030		240,000		249,600

WESCO Distribution, Inc. 7.13%, 6/15/2025 (a)		105,000		109,963


				1,279,568


Transportation Infrastructure — 0.0% (e)

Transurban Finance Co. Pty. Ltd. (Australia) 2.45%, 3/16/2031 (a)		12,000		11,291


Wireless Telecommunication Services — 0.2%

Hughes Satellite Systems Corp. 6.63%, 8/1/2026		105,000		109,362

Sprint Corp.

7.88%, 9/15/2023		8,000		8,600

7.13%, 6/15/2024		30,000		32,438

7.63%, 3/1/2026		155,000		176,710

T-Mobile USA, Inc.

1.50%, 2/15/2026		110,000		105,620

4.75%, 2/1/2028		10,000		10,324

2.55%, 2/15/2031		95,000		89,042

2.25%, 11/15/2031		90,000		81,492

3.30%, 2/15/2051		65,000		56,677


				670,265


Total Corporate Bonds (Cost $94,119,742)				89,806,992


Asset-Backed Securities — 17.2%

ACC Trust

Series 2022-1, Class C, 3.24%, 10/20/2025 (a)		1,000,000		987,490

Affirm Asset Securitization Trust

Series 2021-A, Class C, 1.66%, 8/15/2025 ‡ (a)		500,000		497,337

Air Canada Pass-Through Trust (Canada)

Series 2017-1, Class AA, 3.30%, 1/15/2030 (a)		410,400		406,876

Ajax Mortgage Loan Trust

Series 2021-B, Class A, 2.24%, 6/25/2066 (a) (f)		314,449		306,861

American Airlines Pass-Through Trust

Series 2015-2, Class A, 4.00%, 9/22/2027		199,660		191,985


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)

Asset-Backed Securities — continued

American Credit Acceptance Receivables Trust

Series 2020-2, Class C, 3.88%, 4/13/2026 (a)		280,000		284,357

American Homes 4 Rent

Series 2015-SFR1, Class E, 5.64%, 4/17/2052 (a)		150,000		157,019

Series 2015-SFR1, Class F, 5.89%, 4/17/2052 ‡ (a)		400,000		413,217

American Homes 4 Rent Trust

Series 2014-SFR3, Class B, 4.20%, 12/17/2036 ‡ (a)		125,000		127,336

Series 2015-SFR2, Class A, 3.73%, 10/17/2052 ‡ (a)		91,588		94,222

AMSR Trust

Series 2020-SFR1, Class E, 3.22%, 4/17/2037 (a)		500,000		492,308

Series 2020-SFR2, Class E2, 4.28%, 7/17/2037 (a)		375,000		376,806

Series 2020-SFR3, Class E2, 2.76%, 9/17/2037 ‡ (a)		350,000		334,028

Series 2020-SFR4, Class E2, 2.46%, 11/17/2037 (a)		425,000		397,295

Series 2022-SFR1, 6.02%, 3/17/2039 (a)		750,000		756,545

Aqua Finance Trust

Series 2019-A, Class B, 3.47%, 7/16/2040 ‡ (a)		246,000		246,050

Avid Automobile Receivables Trust

Series 2019-1, Class D, 4.03%, 7/15/2026 (a)		300,000		304,042

British Airways Pass-Through Trust (United Kingdom)

Series 2013-1, Class A, 4.63%, 6/20/2024 (a)		150,316		154,570

Business Jet Securities LLC

Series 2020-1A, Class A, 2.98%, 11/15/2035 (a)		459,466		457,948

Series 2021-1A, Class A, 2.16%, 4/15/2036 (a)		144,214		138,942

Series 2021-1A, Class B, 2.92%, 4/15/2036 ‡ (a)		474,133		454,574

Series 2021-1A, Class C, 5.07%, 4/15/2036 ‡ (a)		297,725		289,734

CarNow Auto Receivables Trust Series 2021-1A, Class C, 2.16%, 2/17/2026 (a)		200,000		197,751

Carvana Auto Receivables Trust

Series 2020-N1A, Class B, 2.01%, 3/17/2025 (a)		289,420		290,180


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)



Series 2019-4A, Class D, 3.07%, 7/15/2025 (a)		110,000		111,366

Cascade MH Asset Trust Series 2019-MH1, Class B, 5.00%, 11/25/2044 ‡ (a) (h)		401,843		389,284

CoreVest American Finance Trust

Series 2019-1, Class E, 5.49%, 3/15/2052 ‡ (a)		551,000		574,900

Series 2019-2, Class E, 5.31%, 6/15/2052 ‡ (a) (h)		650,000		650,138

Series 2019-3, Class E, 4.75%, 10/15/2052 ‡ (a) (h)		570,000		552,903

CPS Auto Receivables Trust Series 2020-B, Class C, 3.30%, 4/15/2026 (a)		393,980		396,230

Credit Acceptance Auto Loan Trust Series 2020-1A, Class C, 2.59%, 6/15/2029 (a)		750,000		747,959

CSMC Trust Series 2021-JR1, Class A1, 2.46%, 9/27/2066 (a) (h)		343,598		340,144

DataBank Issuer Series 2021-1A, Class A2, 2.06%, 2/27/2051 (a)		250,000		239,223

Delta Air Lines Pass-Through Trust Series 2019-1, Class AA, 3.20%, 4/25/2024		15,000		15,280

Diamond Resorts Owner Trust

Series 2021-1A, Class A, 1.51%, 11/21/2033 (a)		365,785		360,532

Series 2021-1A, Class D, 3.83%, 11/21/2033 ‡ (a)		320,864		318,493

Drive Auto Receivables Trust Series 2020-2, Class D, 3.05%, 5/15/2028		750,000		762,650

DT Auto Owner Trust Series 2020-2A, Class D, 4.73%, 3/16/2026 (a)		500,000		520,635

Elara HGV Timeshare Issuer LLC

Series 2021-A, Class C, 2.09%, 8/27/2035 ‡ (a)		634,184		611,716

Series 2021-A, Class D, 3.32%, 8/27/2035 ‡ (a)		226,494		220,498

Exeter Automobile Receivables Trust

Series 2020-2A, Class C, 3.28%, 5/15/2025 (a)		250,000		252,483

Series 2020-2A, Class D, 4.73%, 4/15/2026 (a)		400,000		414,007

FHF Trust Series 2021-1A, Class A, 1.27%, 3/15/2027 (a)		359,885		354,527

FirstKey Homes Trust

Series 2020-SFR1, Class F1, 3.64%, 8/17/2037 (a)		500,000		482,489

Series 2021-SFR1, Class E1, 2.39%, 8/17/2038 (a)		500,000		465,134


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)

Asset-Backed Securities — continued

Series 2021-SFR1, Class F1, 3.24%, 8/17/2038 (a)		600,000		553,431

Series 2021-SFR2, Class E1, 2.26%, 9/17/2038 (a)		635,000		585,035

Series 2021-SFR2, Class E2, 2.36%, 9/17/2038 (a)		814,000		740,381

Flagship Credit Auto Trust

Series 2020-4, Class D, 2.18%, 2/16/2027 (a)		280,000		277,094

Series 2021-4, Class C, 1.96%, 12/15/2027 (a)		500,000		488,836

FNMA, Grantor Trust Series 2017-T1, Class A, 2.90%, 6/25/2027		1,094,922		1,131,328

Foundation Finance Trust

Series 2020-1A, Class B, 4.62%, 7/16/2040 ‡ (a)		300,000		313,197

Series 2020-1A, Class C, 5.75%, 7/16/2040 ‡ (a)		150,000		157,910

Series 2021-1A, Class C, 2.99%, 5/15/2041 ‡ (a)		536,000		520,896

FREED ABS Trust

Series 2021-2, Class C, 1.94%, 6/19/2028 ‡ (a)		200,000		197,289

Series 2022-1FP, Class D, 3.35%, 3/19/2029 ‡ (a)		700,000		692,923

Genesis Private Label Amortizing Trust Series 2020-1, Class B, 2.83%, 7/20/2030 (a)		20,353		20,348

Genesis Sales Finance Master Trust Series 2020-AA, Class C, 2.99%, 9/22/2025 (a)		300,000		299,324

Hilton Grand Vacations Trust Series 2020-AA, Class C, 6.42%, 2/25/2039 ‡ (a)		309,531		330,579

HIN Timeshare Trust Series 2020-A, Class D, 5.50%, 10/9/2039 ‡ (a)		125,494		127,403

Lendingpoint Asset Securitization Trust Series 2022-A, Class D, 4.54%, 6/15/2029 (a)		1,000,000		991,342

Lendmark Funding Trust

Series 2019-2A, Class C, 3.72%, 4/20/2028 ‡ (a)		100,000		100,806

Series 2019-2A, Class D, 5.24%, 4/20/2028 ‡ (a)		700,000		710,627

LL ABS Trust Series 2020-1A, Class B, 3.79%, 1/17/2028 ‡ (a)		350,000		352,832

LP LMS Asset Securitization Trust 6.17%, 10/15/2028		550,000		548,625


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)



Mariner Finance Issuance Trust Series 2021-AA, Class D, 3.83%, 3/20/2036 ‡ (a)		351,000		347,318

Mercury Financial Credit Card Master Trust

Series 2021-1A, Class A, 1.54%, 3/20/2026 (a)		600,000		593,754

Series 2021-1A, Class B, 2.33%, 3/20/2026 (a)		200,000		198,485

MVW LLC

Series 2020-1A, Class C, 4.21%, 10/20/2037 ‡ (a)		189,237		190,348

Series 2019-2A, Class B, 2.44%, 10/20/2038 ‡ (a)		85,711		84,870

MVW Owner Trust Series 2019-1A, Class C, 3.33%, 11/20/2036 ‡ (a)		52,786		52,519

New Residential Mortgage Loan Trust

Series 2022-SFR1, Class D, 3.30%, 2/17/2039 ‡ (a)		340,000		329,993

Series 2022-SFR1, Class E1, 3.55%, 2/17/2039 (a)		420,000		404,317

NMEF Funding LLC Series 2021-A, Class C, 2.58%, 12/15/2027 ‡ (a)		600,000		582,351

NRZ Excess Spread-Collateralized Notes

Series 2020-PLS1, Class A, 3.84%, 12/25/2025 (a)		268,008		265,784

Series 2021-FNT1, Class A, 2.98%, 3/25/2026 (a)		432,479		418,858

Series 2021-FNT2, Class A, 3.23%, 5/25/2026 (a)		246,534		237,419

Series 2021-GNT1, Class A, 3.47%, 11/25/2026 (a)		368,881		365,231

NRZ FHT Excess LLC Series 2020-FHT1, Class A, 4.21%, 11/25/2025 (a)		292,980		291,219

Octane Receivables Trust Series 2020-1A, Class C, 2.89%, 3/20/20260 ‡ (a)		350,000		350,069

Oportun Funding LLC Series 2020-1, Class A, 2.20%, 5/15/2024 (a)		23,395		23,410

Oportun Funding XIV LLC

Series 2021-A, Class A, 1.21%, 3/8/2028 (a)		100,000		97,704

Series 2021-A, Class C, 3.44%, 3/8/2028 ‡ (a)		380,000		381,175

Oportun Issuance Trust

Series 2021-B, Class B, 1.96%, 5/8/2031 ‡ (a)		400,000		389,237

Series 2021-B, Class C, 3.65%, 5/8/2031 ‡ (a)		100,000		99,475


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)

Asset-Backed Securities — continued

Pagaya AI Debt Selection Trust Series 2021-1, Class B, 2.13%, 11/15/2027 ‡ (a)		499,794		481,612

Prestige Auto Receivables Trust Series 2018-1A, Class D, 4.14%, 10/15/2024 (a)		115,000		116,278

PRET LLC

Series 2021-NPL6, Class A1, 2.49%, 7/25/2051 ‡ (a) (f)		866,549		848,882

Series 2021-RN3, Class A1, 1.84%, 9/25/2051 ‡ (a) (f)		952,860		925,543

Pretium Mortgage Credit Partners I LLC Series 2021-NPL1, Class A1, 2.24%, 9/27/2060 (a) (f)		427,725		418,904

Progress Residential

Series 2021-SFR3, Class E1, 2.54%, 5/17/2026 ‡ (a)		450,000		418,086

Series 2021-SFR3, Class E2, 2.69%, 5/17/2026 (a)		645,000		600,358

Progress Residential Trust

Series 2020-SFR3, Class E, 2.30%, 10/17/2027 ‡ (a)		300,000		276,541

Series 2022-SFR1, Class E2, 3.99%, 2/17/2029 (a)		750,000		718,352

Series 2020-SFR1, Class E, 3.03%, 4/17/2037 ‡ (a)		425,000		412,511

Series 2020-SFR2, Class D, 3.87%, 6/17/2037 ‡ (a)		750,000		751,219

Series 2021-SFR2, Class E2, 2.65%, 4/19/2038 (a)		400,000		371,365

Series 2021-SFR5, Class E1, 2.21%, 7/17/2038 (a)		950,000		871,709

Series 2021-SFR5, Class E2, 2.36%, 7/17/2038 (a)		270,000		245,825

Series 2021-SFR7, Class E1, 2.59%, 8/17/2040 (a)		693,000		630,165

ReadyCap Lending Small Business Loan Trust Series 2019-2, Class A, 2.75%, 12/27/2044 (a) (h)		109,593		108,868

Regional Management Issuance Trust

Series 2020-1, Class C, 3.80%, 10/15/2030 ‡ (a)		300,000		300,383

Series 2021-1, Class D, 5.07%, 3/17/2031 ‡ (a)		500,000		493,120

Santander Drive Auto Receivables Trust Series 2021-2, Class D, 1.35%, 7/15/2027		400,000		393,922

Santander Revolving Auto Loan Trust Series 2019-A, Class D, 3.45%, 1/26/2032 (a)		150,000		152,325


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)



Sierra Timeshare Receivables Funding LLC

Series 2020-2A, Class D, 6.59%, 7/20/2037 ‡ (a)		931,390		954,997

Series 2021-1A, Class D, 3.17%, 11/20/2037 ‡ (a)		438,871		431,393

Small Business Lending Trust Series 2020-A, Class A, 2.62%, 12/15/2026 (a)		3,238		3,239

Tricon American Homes Series 2020-SFR1, Class E, 3.54%, 7/17/2038 ‡ (a)		300,000		290,639

United Airlines Pass-Through Trust

Series 2014-1, Class A, 4.00%, 4/11/2026		128,502		131,530

Series 2016-2, Class A, 3.10%, 10/7/2028		7,886		7,692

Series 2018-1, Class A, 3.70%, 3/1/2030		12,880		12,717

US Airways Pass-Through Trust Series 2011-1, Class A, 7.13%, 10/22/2023		14,229		14,777

USASF Receivables LLC Series 2020-1A, Class B, 3.22%, 5/15/2024 (a)		500,000		501,861

VCAT LLC

Series 2021-NPL1, Class A1, 2.29%, 12/26/2050 ‡ (a) (f)		325,429		321,047

Series 2021-NPL5, Class A1, 1.87%, 8/25/2051 (a) (f)		732,050		710,864

Veros Auto Receivables Trust Series 2021-1, Class B, 1.49%, 10/15/2026 (a)		300,000		292,770

VOLT XCII LLC Series 2021-NPL1, Class A1, 1.89%, 2/27/2051 (a) (f)		161,742		158,376

VOLT XCIII LLC Series 2021-NPL2, Class A1, 1.89%, 2/27/2051 (a) (f)		741,287		725,673

VOLT XCIV LLC Series 2021-NPL3, Class A1, 2.24%, 2/27/2051 (a) (f)		244,840		240,480

Westgate Resorts LLC

Series 2020-1A, Class C, 6.21%, 3/20/2034 ‡ (a)		163,315		168,561

Series 2022-1A, Class B, 2.29%, 8/20/2036 ‡ (a)		244,936		242,216

Series 2022-1A, Class D, 3.84%, 8/20/2036 ‡ (a)		979,743		967,559


Total Asset-Backed Securities (Cost $48,410,838)				47,694,165


Mortgage-Backed Securities — 14.9%

FHLMC Gold Pools, 30 Year Pool # G60855, 4.50%, 12/1/2045		86,213		90,985


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)

Mortgage-Backed Securities — continued

FHLMC Gold Pools, Other Pool # N31271, 4.50%, 1/1/2036		17,382		18,540

FHLMC UMBS, 30 Year Pool # QA5045, 4.00%, 11/1/2049		77,324		80,858

FNMA Pool # BS4197, 2.14%, 12/1/2033		500,000		485,590

FNMA UMBS, 20 Year Pool # MA3004, 4.00%, 5/1/2037		427,465		452,055

FNMA UMBS, 30 Year

Pool # AL2374, 4.00%, 12/1/2041		121,896		130,678

Pool # AL4244, 4.00%, 7/1/2042		138,730		149,022

Pool # BM1164, 3.50%, 12/1/2045		96,472		100,600

Pool # MA3073, 4.50%, 7/1/2047		23,810		25,368

Pool # BK4769, 5.00%, 8/1/2048		438,181		475,322

Pool # BN5013, 5.00%, 1/1/2049		142,285		157,306

Pool # BO1073, 4.50%, 6/1/2049		54,063		57,210

Pool # BO3039, 3.00%, 7/1/2049		171,052		174,005

Pool # BN6475, 4.00%, 7/1/2049		30,091		31,558

Pool # BO2562, 4.00%, 7/1/2049		112,932		118,299

Pool # BO4519, 4.00%, 8/1/2049		7,999		8,383

Pool # BO2203, 3.50%, 9/1/2049		298,977		308,818

Pool # FM9961, 3.00%, 12/1/2051		498,380		504,456

Pool # CB2637, 2.50%, 1/1/2052		526,990		520,563

Pool # BV0273, 3.00%, 1/1/2052		319,487		324,967

Pool # CB2670, 3.00%, 1/1/2052		468,916		476,959

Pool # BV3930, 3.00%, 2/1/2052		600,000		607,833

Pool # BV0295, 3.50%, 2/1/2052		688,960		722,530

FNMA, Other

Pool # AM8846, 2.68%, 5/1/2025		144,359		147,584

Pool # AM0414, 2.87%, 9/1/2027		400,000		412,850

Pool # AN7560, 2.90%, 12/1/2027		186,331		192,784

Pool # BL2367, 3.48%, 5/1/2029		544,947		583,516

Pool # BS1577, 1.82%, 2/1/2030		868,000		842,478

Pool # 387898, 3.71%, 8/1/2030		750,000		823,250

Pool # BL9645, 1.50%, 1/1/2031		100,000		93,644

Pool # BL9627, 1.56%, 1/1/2031		500,000		470,648

Pool # BS1731, 1.82%, 1/1/2031		987,923		952,363

Pool # BL6367, 1.82%, 4/1/2032		330,000		315,338

Pool # BL8708, 1.40%, 11/1/2032		200,000		179,513

Pool # AN9725, 3.76%, 7/1/2033		103,997		114,519

Pool # BS5018, IO, 2.88%, 10/1/2035 (g)		750,000		761,482

Pool # MA1072, 3.50%, 5/1/2042		12,655		13,410

Pool # BF0230, 5.50%, 1/1/2058		491,358		563,108

Pool # BF0497, 3.00%, 7/1/2060		72,356		73,800

FNMA/FHLMC UMBS, Single Family, 30 Year TBA, 2.50%, 3/25/2052 (g)		6,325,000		6,240,255


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


GNMA II

Pool # CJ7125, ARM, 1.94%, 10/20/2071 (h)		456,598		485,776

Pool # CJ7141, ARM, 1.85%, 11/20/2071 (h)		455,909		482,689

Pool # CE9384, ARM, 1.88%, 11/20/2071 (h)		735,674		781,646

Pool # CE5557, ARM, 2.05%, 11/20/2071 (h)		99,407		106,584

GNMA II, 30 Year

Pool # AJ9020, 4.50%, 10/20/2044		34,458		35,848

Pool # BB3525, 4.00%, 9/20/2047		26,262		27,676

Pool # BM2418, 4.00%, 8/20/2049		20,385		21,681

Pool # BN7049, 4.50%, 8/20/2049		170,559		184,809

Pool # BP7160, 4.50%, 9/20/2049		88,279		96,325

Pool # CC9803, 4.00%, 4/20/2051		414,320		437,273

Pool # MA7534, 2.50%, 8/20/2051		5,141,188		5,144,889

Pool # MA7705, 2.50%, 11/20/2051		6,915,804		6,920,802

Pool # CH7863, 3.50%, 12/20/2051		714,389		762,633

Pool # CI2080, 3.50%, 12/20/2051		861,921		890,595

Pool # CH0876, 3.00%, 1/20/2052		113,402		118,298

Pool # CH0877, 3.00%, 1/20/2052		279,459		290,483

Pool # CH0878, 3.00%, 1/20/2052		329,467		341,239

Pool # CJ3916, 3.00%, 1/20/2052		758,035		788,883

Pool # CK2608, 3.00%, 1/20/2052		497,997		508,371

Pool # CK4909, 3.00%, 1/20/2052		99,833		102,656

Pool # CK4916, 3.00%, 1/20/2052		234,610		238,914

Pool # CJ8184, 3.50%, 1/20/2052		639,018		688,813

Pool # CK4918, 3.50%, 1/20/2052		79,871		84,509

Pool # CK7137, 4.00%, 1/20/2052		496,693		520,763

Pool # CK2667, 3.00%, 2/20/2052		650,000		669,996

Pool # CK2672, 3.50%, 2/20/2052		600,000		627,403

Maple Estates 4/1/2032 (g)		500,000		504,220

Willow Glen Second 2.44%, 5/1/2031 (g)		600,000		598,998


Total Mortgage-Backed Securities (Cost $42,040,307)				41,265,219

U.S. Treasury Obligations — 13.6%

U.S. Treasury Bonds 4.50%, 8/15/2039		865,000		1,171,973

1.13%, 5/15/2040		709,000		589,633

4.38%, 5/15/2040		370,000		494,485

1.38%, 11/15/2040		654,000		565,506

4.75%, 2/15/2041		718,000		1,002,311

2.25%, 5/15/2041		2,518,000		2,510,033

3.75%, 11/15/2043		1,070,000		1,336,873

3.38%, 11/15/2048		794,000		980,404

2.38%, 11/15/2049		1,535,000		1,591,603


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)

U.S. Treasury Obligations — continued

2.00%, 2/15/2050		1,097,000		1,050,506

1.38%, 8/15/2050		615,000		506,294

1.63%, 11/15/2050		700,000		613,320

1.88%, 2/15/2051		978,000		910,457

2.38%, 5/15/2051		2,003,000		2,088,519

2.25%, 2/15/2052		3,860,000		3,932,375

U.S. Treasury Notes 2.13%, 2/29/2024		156,000		157,993

1.13%, 2/28/2025		565,000		556,525

1.50%, 8/15/2026		434,000		429,389

1.13%, 10/31/2026		5,949,000		5,780,755

1.25%, 3/31/2028		180,000		174,248

1.25%, 4/30/2028		4,100,000		3,967,070

0.88%, 11/15/2030		430,000		397,229

1.63%, 5/15/2031		932,000		915,799

U.S. Treasury STRIPS Bonds 1.25%, 5/15/2033 (i)		2,083,000		1,657,645

2.29%, 2/15/2034 (i)		838,000		651,942

1.17%, 8/15/2039 (i)		1,297,000		901,980

2.18%, 11/15/2040 (i)		1,301,000		829,557

2.27%, 8/15/2041 (i)		207,000		128,797

2.23%, 11/15/2041 (i)		845,000		537,679

2.52%, 2/15/2042 (i)		718,000		441,158

1.39%, 2/15/2045 (i)		649,000		377,720

3.43%, 8/15/2048 (i)		876,000		486,397


Total U.S. Treasury Obligations (Cost $38,855,460)				37,736,175

Commercial Mortgage-Backed Securities — 6.8%

ACRE Commercial Mortgage Ltd. (Cayman Islands) Series 2021-FL4, Class B, 1.54%, 12/18/2037 ‡ (a) (h)		250,000		248,133

BAMLL Re-REMIC Trust

Series 2014-FRR4, Class BK29, PO, 4/27/2023 (a)		836,170		793,503

Series 2014-FRR5, Class AK37, 2.44%, 1/27/2047 (a) (h)		770,000		751,862

Bancorp Commercial Mortgage Trust Series 2019-CRE6, Class D, 2.46%, 9/15/2036 ‡ (a) (h)		150,000		147,388

BB-UBS Trust

Series 2012-SHOW, Class E, 4.03%, 11/5/2036 ‡ (a) (h)		225,000		211,924

Cascade Funding Mortgage Trust

Series 2021-FRR1, Class DK45, 2/28/2025 ‡ (a)		380,000		315,604


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Series 2021-FRR1, Class CK45, 1.63%, 2/28/2025 ‡ (a)		500,000		456,477

Series 2021-FRR1, Class BK45, 2.32%, 2/28/2025 ‡ (a)		600,000		572,054

Series 2021-FRR1, Class CK54, 2/28/2026 ‡ (a)		480,000		375,632

Series 2021-FRR1, Class DKW1, 2/28/2026 ‡ (a)		430,000		339,089

Series 2021-FRR1, Class BK99, 9/29/2029 ‡ (a)		400,000		244,343

FHLMC Multi-Family WI Certificates Series K142, Class A2, 2.40%, 3/25/2032		1,250,000		1,243,098

FHLMC, Multi-Family Structured Credit Risk

Series 2021-MN1, Class M1, 2.05%, 1/25/2051 (a) (h)		426,274		412,403

Series 2021-MN1, Class M2, 3.80%, 1/25/2051 (a) (h)		375,000		356,608

Series 2021-MN3, Class M1, 2.35%, 11/25/2051 (a) (h)		649,144		629,603

FHLMC, Multi-Family Structured Pass-Through Certificates

Series KJ08, Class A2, 2.36%, 8/25/2022		7,983		7,999

Series KW06, Class A2, 3.80%, 6/25/2028 (h)		1,750,000		1,899,636

Series K088, Class A2, 3.69%, 1/25/2029		350,000		381,095

Series KLU3, Class X1, IO, 1.94%, 1/25/2031 (h)		3,495,156		461,188

Series K128, Class X3, IO, 2.79%, 4/25/2031 (h)		550,000		113,421

Series K-1520, Class X1, IO, 0.47%, 2/25/2036 ‡ (h)		4,495,410		226,121

Series K-1520, Class X3, IO, 3.09%, 4/25/2039 (h)		550,000		175,225

Series Q014, Class X, IO, 2.80%, 10/25/2055 (h)		1,946,829		435,653

FNMA ACES

Series 2017-M3, Class A2, 2.47%, 12/25/2026 (h)		296,418		302,173

Series 2021-M11, Class A2, 1.46%, 3/25/2031 (h)		300,000		280,481

Series 2022-M1, Class A1, 1.67%, 10/25/2031 (h)		489,392		479,887

Series 2021-M3, Class 1A1, 1.00%, 11/25/2033		96,084		92,328

Series 2021-M3, Class X1, IO, 1.98%, 11/25/2033 (h)		575,823		71,788


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)

Commercial Mortgage-Backed Securities — continued

FNMA, Multi-Family REMIC Trust

Series 2022-M1G, Class A2, 1.53%, 9/25/2031(h)		700,000		649,746

FREMF Mortgage Trust

Series 2015-K720, Class B, 3.38%, 7/25/2022(a)(h)		180,000		180,951

Series 2018-KL3W, Class CW, 4.23%, 8/25/2025(a)(h)		250,000		240,304

Series 2018-KBX1, Class B, 3.58%, 1/25/2026(a)(h)		500,000		491,701

Series 2021-KHG3, Class BFX, 2.48%, 9/25/2028(a)		1,000,000		909,421

Series 2015-K44, Class B, 3.67%, 1/25/2048(a)(h)		200,000		205,368

Series 2015-K45, Class B, 3.59%, 4/25/2048(a)(h)		100,000		101,888

Series 2015-K48, Class B, 3.64%, 8/25/2048(a)(h)		200,000		204,656

Series 2015-K50, Class B, 3.78%, 10/25/2048(a)(h)		200,000		206,293

Series 2015-K51, Class B, 3.95%, 10/25/2048(a)(h)		175,000		181,220

Series 2016-K52, Class B, 3.93%, 1/25/2049(a)(h)		250,000		260,750

Series 2016-K53, Class C, 4.02%, 3/25/2049(a)(h)		70,000		71,256

Series 2017-K729, Class B, 3.67%, 11/25/2049(a)(h)		300,000		306,301

FRR Re-REMIC Trust

Series 2018-C1, Class C720, PO, 8/27/2047‡(a)		500,000		491,231

Series 2018-C1, Class CK43, PO, 2/27/2048‡(a)		612,660		529,887

JPMCC Re-REMIC Trust

Series 2015-FRR2, Class AK39, 2.79%, 8/27/2047(a)(h)		944,000		926,446
MHC Commercial Mortgage Trust

Series 2021-MHC, Class F, 2.79%, 4/15/2038‡(a)(h)		600,000		586,483

PFP Ltd. (Cayman Islands)

Series 2021-7, Class C, 1.78%, 4/14/2038‡(a)(h)		164,992		162,760

Series 2021-7, Class D, 2.53%, 4/14/2038‡(a)(h)		169,992		167,989


TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES (Cost $19,169,370)				18,899,367


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Collateralized Mortgage Obligations — 3.0%

Anchor Mortgage Trust

Series 2021-1, Class A2, 3.65%, 10/25/2026(a)(f)		476,191		471,352

Bayview Financing Trust

Series 2021-2F, Class M2, 2.55%, 12/31/2049‡(a)(h)		233,354		233,938

FHLMC, REMIC

Series 2708, Class ZD, 5.50%, 11/15/2033		104,790		114,969

Series 4302, Class PA, 4.00%, 12/15/2043		77,095		81,791

Series 4281, Class BC, 4.50%, 12/15/2043(h)		106,120		115,439

FMC GMSR Issuer Trust

Series 2021-GT1, Class B, 4.36%, 7/25/2026‡(a)(h)		400,000		384,428

FNMA, REMIC

Series 2003-7, Class FA, 0.94%, 2/25/2033(h)		101,641		103,470

Series 2013-108, Class GU, 3.00%, 10/25/2033		545,000		561,002

Series 2005-110, Class TY, 5.50%, 12/25/2035		60,991		68,110

Series 2007-89, Class F, 0.77%, 9/25/2037(h)		115,093		116,654

Series 2011-112, Class PB, 4.00%, 11/25/2041		132,036		138,781

GNMA

Series 2010-H24, Class FA, 0.45%, 10/20/2060(h)		77,864		77,760

Series 2014-H03, Class FA, 0.70%, 1/20/2064(h)		64,125		64,295

Series 2015-H05, Class FC,

0.58%, 2/20/2065(h)		279,633		279,870

Home RE Ltd. (Bermuda)

Series 2021-2, Class M1A, 1.30%, 1/25/2034‡(a)(h)		235,000		233,753

LHOME Mortgage Trust

Series 2021-RTL1, Class A1, 2.09%, 9/25/2026(a)(h)		255,000		248,782

PMT Credit Risk Transfer Trust

Series 2021-1R, Class A, 3.09%, 2/27/2024(a)(h)		287,760		292,105

PRPM LLC

Series 2021-2, Class A1, 2.12%, 3/25/2026(a)(h)		200,216		196,567


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)

Collateralized Mortgage Obligations — continued

RCO VI Mortgage LLC

Series 2022-1, Class A1, 3.00%, 1/25/2027 (a) (f)		600,000		591,853

Seasoned Credit Risk Transfer Trust

Series 2018-1, Class M60C, 3.50%, 5/25/2057		180,019		185,482

Series 2018-3, Class MA, 3.50%, 8/25/2057 ‡ (h)		74,128		76,233

Series 2018-3, Class M55D, 4.00%, 8/25/2057 ‡ (h)		319,577		335,330

Series 2018-2, Class M55D, 4.00%, 11/25/2057		359,272		376,560

Series 2019-1, Class MA, 3.50%, 7/25/2058 ‡		144,089		148,475

Series 2019-2, Class MA, 3.50%, 8/25/2058 ‡		167,299		172,662

Series 2020-3, Class M5TW, 3.00%, 5/25/2060 ‡		579,148		591,335

Series 2020-3, Class TTW, 3.00%, 5/25/2060 ‡		592,374		602,386

Series 2021-1, Class BXS, 13.64%, 9/25/2060 ‡ (a) (h)		150,000		139,905

Towd Point Mortgage Trust

Series 2021-R1, Class A2C, 3.31%, 11/30/2060 (a)		754,000		748,130

VOLT CV LLC

Series 2021-CF2, Class A1, 2.49%, 11/27/2051 (a) (f)		469,262		463,222


Total Collateralized Mortgage Obligations (Cost $8,316,923)				8,214,639


	SHARES
Common Stocks — 0.0% (e)

Diversified Telecommunication Services — 0.0% (e)

Intelsat Emergence SA (Luxembourg) * ‡		270		9,180


Oil, Gas & Consumable Fuels — 0.0%(e)

Chesapeake Energy Corp.		23		1,777

EP Energy Corp. *		275		25,987

Oasis Petroleum, Inc.		109		14,444


				42,208


Professional Services — 0.0% (e)

NMG, Inc. *		1		165


TOTAL COMMON STOCKS (Cost $18,729)				51,553


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — 0.0% (e) (j)

Ohio — 0.0% (e)

Ohio University, General Receipts, Federally Taxable Rev., 5.59%, 12/1/2114 (Cost $32,781)		25,000		37,114


	NO. OF WARRANTS
Warrants—0.0% (e)

Diversified Telecommunication Services — 0.0% (e)

Windstream Holdings, Inc. expiring 12/31/2049, price 10.75 USD * ‡		16		184


Media — 0.0% (e)

Nmg Research Ltd. expiring 9/24/2027, price 1.00 USD (United Kingdom) * ‡		78		1,677


Oil, Gas & Consumable Fuels — 0.0% (e)

Chesapeake Energy Corp. expiring 2/9/2026, price 31.49 USD *		79		3,767

expiring 2/9/2026, price 27.08 USD *		71		3,674

expiring 2/9/2026, price 35.46 USD *		44		1,914


				9,355


Total Warrants (Cost $1)				11,216


	SHARES
Preferred Stocks — 0.0% (e)

Internet & Direct Marketing Retail — 0.0% (e)

MYT Holding LLC,

Series A, 10.00%, 6/6/2029 ‡ (Cost $2,753)		2,868		5,377


	NO. OF RIGHTS
Rights — 0.0% (e)

Diversified Telecommunication Services — 0.0% (e)

Intelsat Jackson Holdings SA, expiring 12/5/2025 (Luxembourg) * ‡ (Cost $1)		56		1


	SHARES
Short-Term Investments — 12.9%
Investment Companies — 12.9%

JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03% (k) (l) (Cost $35,701,290)		35,701,290		35,701,290


Total Investments — 100.9% (Cost $286,668,195)				279,423,108

Liabilities in Excess of Other Assets — (0.9)%				(2,569,176)


NET ASSETS — 100.0%				276,853,932

Percentages indicated are based on net assets.


Abbreviations
ABS		Asset-Backed Securities
ACES		Alternative Credit Enhancement Securities
ARM		Adjustable Rate Mortgage. The interest rate shown is the rate in effect as of February 28, 2022.
CSMC		Credit Suisse Mortgage Trust
FHLMC		Federal Home Loan Mortgage Corp.
FNMA		Federal National Mortgage Association
GNMA		Government National Mortgage Association
ICE		Intercontinental Exchange
IO		Interest Only represents the right to receive the monthly interest payments on an underlying pool of mortgage loans. The principal amount shown represents the par value on the underlying pool. The yields on these securities are subject to accelerated principal paydowns as a result of prepayment or refinancing of the underlying pool of mortgage instruments. As a result, interest income may be reduced considerably.
LIBOR		London Interbank Offered Rate
OYJ		Public Limited Company
PO		Principal Only represents the right to receive the principal portion only on an underlying pool of mortgage loans. The market value of these securities is extremely volatile in response to changes in market interest rates. As prepayments on the underlying mortgages of these securities increase, the yield on these securities increases.
REIT		Real Estate Investment Trust
REMIC		Real Estate Mortgage Investment Conduit
Re-REMIC		Combined Real Estate Mortgage Investment Conduit
Rev.		Revenue
SCA		Limited partnership with share capital
SOFR		Secured Overnight Financing Rate
STRIPS		Separate Trading of Registered Interest and Principal of Securities. The STRIPS Program lets investors hold and trade individual interest and principal components of eligible notes and bonds as separate securities.


TBA		To Be Announced; Security is subject to delayed delivery.
UMBS		Uniform Mortgage-Backed Securities
USD		United States Dollar
(a)		Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended.

(b)		Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of February 28, 2022.
(c)		Security is perpetual and thus, does not have a predetermined maturity date. The coupon rate for this security is fixed for a period of time and may be structured to adjust thereafter. The date shown, if applicable, reflects the next call date. The coupon rate shown is the rate in effect as of February 28, 2022.
(d)		Security is an interest bearing note with preferred security characteristics.
(e)		Amount rounds to less than 0.1% of net assets.
(f)		Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown is the current rate as of February 28, 2022.
(g)		All or a portion of the security is a when-issued security, delayed delivery security, or forward commitment.
(h)		Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of February 28, 2022.
(i)		The rate shown is the effective yield as of February 28, 2022.
(j)		The date shown represents the earliest of the prerefunded date, next put date or final maturity date.
(k)		Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.
(l)		The rate shown is the current yield as of February 28, 2022.
*		Non-income producing security.
‡		Value determined using significant unobservable inputs.


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — 98.9%

Aerospace & Defense — 4.4%

BAE Systems plc (United Kingdom)

3.40%, 4/15/2030(a)		35,000		35,731

Boeing Co. (The)

4.51%, 5/1/2023		190,000		195,224

4.88%, 5/1/2025		189,000		200,923

5.04%, 5/1/2027		181,000		196,629

5.15%, 5/1/2030		126,000		139,172

3.60%, 5/1/2034		159,000		154,115

5.71%, 5/1/2040		105,000		122,314

3.75%, 2/1/2050		30,000		27,876

L3Harris Technologies, Inc.

4.40%, 6/15/2028		174,000		187,719

Leidos, Inc.

4.38%, 5/15/2030		238,000		252,690

2.30%, 2/15/2031		140,000		126,081

Northrop Grumman Corp.

3.25%, 1/15/2028		90,000		91,950

4.03%, 10/15/2047		41,000		43,239

Precision Castparts Corp.

3.25%, 6/15/2025		24,000		24,862

Raytheon Technologies Corp.

3.50%, 3/15/2027		63,000		65,932

3.13%, 5/4/2027		146,000		150,166

4.45%, 11/16/2038		107,000		119,209

3.75%, 11/1/2046		88,000		88,935

2.82%, 9/1/2051		60,000		52,218


				2,274,985


Air Freight & Logistics — 0.6%

FedEx Corp.

2.40%, 5/15/2031		60,000		57,045

3.25%, 5/15/2041		160,000		149,545

4.05%, 2/15/2048		90,000		91,832


				298,422


Auto Components — 0.4%

Lear Corp.

3.80%, 9/15/2027		190,000		197,821


Automobiles — 0.7%

General Motors Co.

6.13%, 10/1/2025		314,000		347,445


Banks — 17.3%

Bank of America Corp.

(ICE LIBOR USD 3 Month + 0.79%), 3.00%, 12/20/2023 (b)		527,000		531,684


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Banks — continued

(ICE LIBOR USD 3 Month + 0.78%), 3.55%, 3/5/2024 (b)		146,000		148,313

(ICE LIBOR USD 3 Month + 0.87%), 2.46%, 10/22/2025(b)		30,000		29,925

(SOFR + 1.15%), 1.32%, 6/19/2026 (b)		60,000		57,329

(ICE LIBOR USD 3 Month + 1.06%), 3.56%, 4/23/2027 (b)		154,000		158,086

(ICE LIBOR USD 3 Month + 1.58%), 3.82%, 1/20/2028 (b)		146,000		152,013

(ICE LIBOR USD 3 Month + 1.04%), 3.42%, 12/20/2028 (b)		275,000		281,143

(ICE LIBOR USD 3 Month + 0.99%), 2.50%, 2/13/2031 (b)		237,000		225,693

(SOFR + 1.32%), 2.69%, 4/22/2032 (b)		60,000		57,706

(ICE LIBOR USD 3 Month + 1.81%), 4.24%, 4/24/2038 (b)		156,000		170,008

(SOFR + 1.93%), 2.68%, 6/19/2041 (b)		50,000		43,904

(SOFR + 1.58%), 3.31%, 4/22/2042 (b)		70,000		67,088

(ICE LIBOR USD 3 Month + 1.19%), 3.95%, 1/23/2049 (b)		50,000		52,216

(ICE LIBOR USD 3 Month + 3.15%), 4.08%, 3/20/2051 (b)		78,000		83,691

Citigroup, Inc.

(ICE LIBOR USD 3 Month + 0.95%), 2.88%, 7/24/2023 (b)		247,000		248,353

(ICE LIBOR USD 3 Month + 0.90%), 3.35%, 4/24/2025 (b)		428,000		436,560

(SOFR + 2.84%), 3.11%, 4/8/2026 (b)		78,000		79,021

3.20%, 10/21/2026		297,000		302,823

(ICE LIBOR USD 3 Month + 1.39%), 3.67%, 7/24/2028 (b)		76,000		78,644

(SOFR + 1.15%), 2.67%, 1/29/2031 (b)		107,000		103,161

(SOFR + 3.91%), 4.41%, 3/31/2031 (b)		156,000		169,021

(ICE LIBOR USD 3 Month + 1.17%), 3.88%, 1/24/2039 (b)		87,000		90,636

4.65%, 7/23/2048		78,000		91,176

Citizens Financial Group, Inc.

4.30%, 12/3/2025		160,000		168,479

3.25%, 4/30/2030		150,000		151,863

HSBC Holdings plc (United Kingdom)

(ICE LIBOR USD 3 Month + 1.61%), 3.97%, 5/22/2030 (b)		200,000		206,323

6.10%, 1/14/2042		75,000		98,596

Huntington Bancshares, Inc.

2.63%, 8/6/2024		63,000		63,533


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Banks — continued

Mitsubishi UFJ Financial Group, Inc. (Japan)

3.76%, 7/26/2023		228,000		234,112

3.68%, 2/22/2027		31,000		32,436

3.96%, 3/2/2028		119,000		125,631

3.74%, 3/7/2029		231,000		241,850

NatWest Group plc (United Kingdom)

6.13%, 12/15/2022		449,000		463,886

6.00%, 12/19/2023		229,000		242,910

5.13%, 5/28/2024		351,000		369,664

PNC Financial Services Group, Inc. (The)

3.90%, 4/29/2024		13,000		13,523

2.60%, 7/23/2026		253,000		256,499

3.15%, 5/19/2027		23,000		23,827

Sumitomo Mitsui Financial Group, Inc. (Japan)

2.63%, 7/14/2026		238,000		238,437

3.36%, 7/12/2027		77,000		79,506

2.93%, 9/17/2041		200,000		179,767

Truist Financial Corp.

1.13%, 8/3/2027		90,000		83,489

US Bancorp

Series V, 2.38%, 7/22/2026		129,000		130,049

Wells Fargo & Co.

3.75%, 1/24/2024		146,000		150,517

(SOFR + 1.09%), 2.41%, 10/30/2025(b)		88,000		87,715

(SOFR + 2.00%), 2.19%, 4/30/2026 (b)		107,000		105,587

3.00%, 10/23/2026		188,000		190,356

4.30%, 7/22/2027		88,000		93,907

(ICE LIBOR USD 3 Month + 1.31%), 3.58%, 5/22/2028 (b)		276,000		284,995

(SOFR + 1.43%), 2.88%, 10/30/2030 (b)		202,000		198,786

3.90%, 5/1/2045		117,000		121,347

4.75%, 12/7/2046		68,000		76,316

Westpac Banking Corp. (Australia)

2.85%, 5/13/2026		241,000		247,261

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.35%), 2.89%, 2/4/2030 (b)		100,000		98,791

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.00%), 4.11%, 7/24/2034 (b)		107,000		110,481

2.96%, 11/16/2040		71,000		62,837


				8,891,470


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Beverages — 2.2%

Anheuser-Busch Cos. LLC (Belgium)

3.65%, 2/1/2026		51,000		53,275

4.70%, 2/1/2036		77,000		85,815

4.90%, 2/1/2046		160,000		180,794

Anheuser-Busch InBev Worldwide, Inc. (Belgium)

4.00%, 4/13/2028		49,000		52,187

4.90%, 1/23/2031		34,000		38,981

4.60%, 4/15/2048		213,000		233,514

4.44%, 10/6/2048		39,000		41,730

Coca-Cola Co. (The)

1.75%, 9/6/2024		68,000		68,083

2.60%, 6/1/2050		106,000		92,988

Constellation Brands, Inc.

3.15%, 8/1/2029		66,000		66,034

Keurig Dr Pepper, Inc.

3.80%, 5/1/2050		20,000		19,676

Molson Coors Beverage Co.

4.20%, 7/15/2046		30,000		29,825

PepsiCo, Inc.

2.75%, 3/19/2030		107,000		107,217

3.50%, 3/19/2040		66,000		68,618


				1,138,737


Biotechnology — 3.2%

AbbVie, Inc.

2.90%, 11/6/2022		105,000		106,040

3.60%, 5/14/2025		68,000		70,235

2.95%, 11/21/2026		122,000		124,208

4.25%, 11/14/2028		192,000		207,313

4.05%, 11/21/2039		161,000		168,991

4.70%, 5/14/2045		68,000		75,374

4.25%, 11/21/2049		73,000		77,623

Amgen, Inc.

2.20%, 2/21/2027		68,000		67,094

2.45%, 2/21/2030		63,000		60,791

3.15%, 2/21/2040		40,000		37,373

4.40%, 5/1/2045		20,000		21,250

3.38%, 2/21/2050		20,000		18,335

4.40%, 2/22/2062		86,000		90,421

Biogen, Inc.

3.15%, 5/1/2050		80,000		65,368

Gilead Sciences, Inc.

3.65%, 3/1/2026		58,000		60,481

4.15%, 3/1/2047		247,000		258,859


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Biotechnology — continued

Regeneron Pharmaceuticals, Inc. 1.75%, 9/15/2030		140,000		125,047


				1,634,803


Building Products — 0.0% (c)

Carrier Global Corp.

3.58%, 4/5/2050		20,000		19,021


Capital Markets — 5.4%

Charles Schwab Corp. (The) 1.95%, 12/1/2031		146,000		134,516

CME Group, Inc. 3.00%, 3/15/2025		109,000		111,838

Credit Suisse Group AG (Switzerland)

(ICE LIBOR USD 3 Month + 1.24%), 4.21%, 6/12/2024 (a)(b)		250,000		256,204

Goldman Sachs Group, Inc. (The) 4.00%, 3/3/2024		242,000		250,577

3.50%, 4/1/2025		130,000		133,626

3.85%, 1/26/2027		91,000		94,799

(ICE LIBOR USD 3 Month + 1.30%), 4.22%, 5/1/2029 (b)		249,000		263,958

3.80%, 3/15/2030		226,000		235,413

(SOFR + 1.25%), 2.38%, 7/21/2032 (b)		53,000		49,129

(ICE LIBOR USD 3 Month + 1.37%), 4.02%, 10/31/2038 (b)		287,000		302,641

Morgan Stanley

(SOFR + 1.99%), 2.19%, 4/28/2026 (b)		128,000		126,341

3.63%, 1/20/2027		88,000		91,675

(ICE LIBOR USD 3 Month + 1.14%), 3.77%, 1/24/2029 (b)		205,000		212,792

(SOFR + 1.14%), 2.70%, 1/22/2031 (b)		117,000		113,204

(SOFR + 3.12%), 3.62%, 4/1/2031 (b)		78,000		80,636

(SOFR + 1.36%), 2.48%, 9/16/2036 (b)		70,000		63,570

(ICE LIBOR USD 3 Month + 1.46%), 3.97%, 7/22/2038 (b)		146,000		152,897

4.30%, 1/27/2045		29,000		31,530

(SOFR + 1.43%), 2.80%, 1/25/2052 (b)		102,000		88,650


				2,793,996


Chemicals — 1.7%

Air Products and Chemicals, Inc. 2.80%, 5/15/2050		40,000		35,841

Dow Chemical Co. (The) 3.60%, 11/15/2050		60,000		57,379

Ecolab, Inc. 2.70%, 12/15/2051		113,000		98,603

Huntsman International LLC 4.50%, 5/1/2029		78,000		82,824


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Chemicals — continued

International Flavors & Fragrances, Inc. 5.00%, 9/26/2048		30,000		34,295

LYB International Finance III LLC

3.38%, 10/1/2040		160,000		149,743

3.63%, 4/1/2051		86,000		81,212

Sherwin-Williams Co. (The)

3.45%, 6/1/2027		76,000		79,063

2.95%, 8/15/2029		254,000		255,065


				874,025


Construction & Engineering — 0.2%

Quanta Services, Inc. 2.35%, 1/15/2032		120,000		108,928


Construction Materials — 0.3%

Martin Marietta Materials, Inc.

3.20%, 7/15/2051		168,000		149,653


Consumer Finance — 2.6%

AerCap Ireland Capital DAC (Ireland)

6.50%, 7/15/2025		450,000		495,765

3.85%, 10/29/2041		165,000		152,909

Capital One Financial Corp. 3.30%, 10/30/2024		182,000		186,307

General Motors Financial Co., Inc.

5.10%, 1/17/2024		100,000		104,881

3.95%, 4/13/2024		50,000		51,402

4.35%, 1/17/2027		86,000		90,378

3.60%, 6/21/2030		70,000		70,244

John Deere Capital Corp. 2.80%, 7/18/2029		200,000		203,367


				1,355,253


Diversified Financial Services — 1.6%

Berkshire Hathaway, Inc. 3.13%, 3/15/2026		297,000		308,075

Equitable Holdings, Inc. 4.35%, 4/20/2028		120,000		128,458

Shell International Finance BV (Netherlands)

3.25%, 5/11/2025		31,000		32,156

4.13%, 5/11/2035		243,000		264,326

4.38%, 5/11/2045		43,000		47,635

4.00%, 5/10/2046		29,000		30,746


				811,396


Diversified Telecommunication Services — 2.8%

AT&T, Inc.

4.30%, 2/15/2030		182,000		198,136

2.25%, 2/1/2032		222,000		204,878

4.50%, 5/15/2035		124,000		135,797


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Diversified Telecommunication Services — continued

4.50%, 3/9/2048		136,000		145,642

3.50%, 9/15/2053		155,000		141,731

3.55%, 9/15/2055		60,000		54,407

3.65%, 9/15/2059		30,000		27,215

Verizon Communications, Inc.

4.33%, 9/21/2028		45,000		49,000

3.40%, 3/22/2041		384,000		369,799

2.99%, 10/30/2056		127,000		108,284


				1,434,889


Electric Utilities — 5.1%

Baltimore Gas and Electric Co.

3.20%, 9/15/2049		80,000		75,606

2.90%, 6/15/2050		76,000		68,501

Commonwealth Edison Co. 3.00%, 3/1/2050		76,000		69,169

Duke Energy Corp.

3.75%, 4/15/2024		223,000		230,045

2.65%, 9/1/2026		18,000		18,086

3.30%, 6/15/2041		40,000		36,612

3.75%, 9/1/2046		117,000		111,774

Duke Energy Indiana LLC

Series YYY, 3.25%, 10/1/2049		20,000		18,414

2.75%, 4/1/2050		20,000		16,982

Emera US Finance LP (Canada) 4.75%, 6/15/2046		185,000		195,241

Entergy Louisiana LLC

4.00%, 3/15/2033		227,000		244,855

2.90%, 3/15/2051		67,000		59,337

Entergy Texas, Inc. 3.55%, 9/30/2049		44,000		42,223

Evergy, Inc.

2.45%, 9/15/2024		127,000		126,940

2.90%, 9/15/2029		102,000		101,155

Exelon Corp. 4.45%, 4/15/2046		20,000		21,591

Florida Power & Light Co.

3.95%, 3/1/2048		30,000		32,293

3.15%, 10/1/2049		88,000		83,887

Fortis, Inc. (Canada) 3.06%, 10/4/2026		148,000		149,645

Pacific Gas and Electric Co.

1.70%, 11/15/2023		61,000		59,927

3.45%, 7/1/2025		94,000		94,906

4.50%, 7/1/2040		116,000		109,299

3.30%, 8/1/2040		64,000		53,924

4.95%, 7/1/2050		30,000		29,717

3.50%, 8/1/2050		102,000		84,433


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Electric Utilities — continued

PPL Electric Utilities Corp. 3.00%, 10/1/2049		20,000		18,456

Southern California Edison Co.

2.25%, 6/1/2030		10,000		9,387

Series 13-A, 3.90%, 3/15/2043		6,000		5,795

Series C, 3.60%, 2/1/2045		111,000		103,331

4.00%, 4/1/2047		98,000		96,765

3.65%, 2/1/2050		14,000		13,236

Southern Co. (The) 4.40%, 7/1/2046		72,000		75,438

Virginia Electric and Power Co.

Series A, 3.15%, 1/15/2026		17,000		17,488

Series A, 3.50%, 3/15/2027		43,000		45,190

4.60%, 12/1/2048		30,000		34,345

2.45%, 12/15/2050		60,000		48,902


				2,602,895


Electronic Equipment, Instruments & Components — 0.2%

Teledyne Technologies, Inc. 2.75%, 4/1/2031		130,000		125,472


Entertainment — 1.4%

Activision Blizzard, Inc. 2.50%, 9/15/2050		111,000		93,335

Electronic Arts, Inc. 1.85%, 2/15/2031		241,000		219,939

Walt Disney Co. (The)

2.65%, 1/13/2031		60,000		59,421

3.50%, 5/13/2040		174,000		173,335

2.75%, 9/1/2049		196,000		171,225


				717,255


Equity Real Estate Investment Trusts (REITs) — 3.0%

Alexandria Real Estate Equities, Inc.

2.75%, 12/15/2029		102,000		100,534

American Tower Corp.

3.80%, 8/15/2029		220,000		227,157

3.10%, 6/15/2050		50,000		41,924

Boston Properties LP

4.50%, 12/1/2028		39,000		42,583

3.25%, 1/30/2031		120,000		119,787

Brixmor Operating Partnership LP 4.05%, 7/1/2030		270,000		280,110

Equinix, Inc. 3.20%, 11/18/2029		140,000		138,102

Healthpeak Properties, Inc. 2.88%, 1/15/2031		136,000		133,676

Simon Property Group LP

2.45%, 9/13/2029		78,000		75,336

3.25%, 9/13/2049		40,000		36,754

UDR, Inc. 3.00%, 8/15/2031		20,000		19,700


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Equity Real Estate Investment Trusts (REITs) — continued

Ventas Realty LP 2.50%, 9/1/2031		130,000		122,726

Welltower, Inc. 3.63%, 3/15/2024		185,000		190,023


				1,528,412


Food & Staples Retailing — 0.4%

Sysco Corp.

3.30%, 7/15/2026		40,000		41,152

3.25%, 7/15/2027		40,000		41,163

Walmart, Inc.

1.80%, 9/22/2031		87,000		81,708

4.05%, 6/29/2048		47,000		53,231


				217,254


Food Products — 0.3%

Bunge Ltd. Finance Corp. 2.75%, 5/14/2031		60,000		57,106

Conagra Brands, Inc. 4.85%, 11/1/2028		80,000		88,066


				145,172


Health Care Equipment & Supplies — 0.8%

Becton Dickinson and Co.

3.70%, 6/6/2027		66,000		69,184

4.69%, 12/15/2044		73,000		81,476

4.67%, 6/6/2047		49,000		54,972

Medtronic, Inc. 4.38%, 3/15/2035		200,000		228,014


				433,646


Health Care Providers & Services — 5.6%

Aetna, Inc. 2.80%,

6/15/2023		278,000		281,686

3.88%, 8/15/2047		70,000		70,299

Anthem, Inc. 2.38%,

1/15/2025		150,000		150,550

4.65%, 8/15/2044		123,000		137,728

Cigna Corp. 3.25%,

4/15/2025		166,000		169,536

2.40%, 3/15/2030		30,000		28,524

4.80%, 8/15/2038		86,000		95,807

3.40%, 3/15/2051		60,000		54,752

CVS Health Corp.

2.63%, 8/15/2024		10,000		10,120

4.30%, 3/25/2028		25,000		26,989

2.70%, 8/21/2040		112,000		97,764

5.05%, 3/25/2048		66,000		77,066

HCA, Inc.

5.00%, 3/15/2024		603,000		633,621

4.13%, 6/15/2029		90,000		94,325

3.50%, 7/15/2051		119,000		105,801


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Health Care Providers & Services — continued

UnitedHealth Group, Inc.

3.75%, 7/15/2025		86,000		90,117

3.50%, 8/15/2039		122,000		124,662

2.75%, 5/15/2040		261,000		241,148

3.25%, 5/15/2051		60,000		58,263

Universal Health Services, Inc.

2.65%, 10/15/2030 (a)		320,000		302,224

2.65%, 1/15/2032 (a)		60,000		55,841


				2,906,823


Hotels, Restaurants & Leisure — 1.2%

Expedia Group, Inc.

3.25%, 2/15/2030		70,000		69,045

McDonald’s Corp.

3.70%, 1/30/2026		214,000		225,305

2.13%, 3/1/2030		85,000		80,475

3.63%, 9/1/2049		176,000		172,807

Starbucks Corp.

3.50%, 11/15/2050		102,000		95,526


				643,158


Household Durables — 0.4%

Lennar Corp.

4.75%, 11/29/2027		180,000		195,682


Industrial Conglomerates — 0.4%

3M Co.

4.00%, 9/14/2048		50,000		53,424

General Electric Co.

6.75%, 3/15/2032		22,000		28,399

Roper Technologies, Inc.

1.75%, 2/15/2031		136,000		120,241


				202,064


Insurance — 2.2%

Aflac, Inc.

3.60%, 4/1/2030		160,000		169,810

American International Group, Inc.

2.50%, 6/30/2025		120,000		120,530

3.90%, 4/1/2026		28,000		29,475

3.40%, 6/30/2030		180,000		185,067

4.50%, 7/16/2044		116,000		128,697

Arch Capital Group Ltd.

3.64%, 6/30/2050		170,000		162,750

Berkshire Hathaway Finance Corp.

4.20%, 8/15/2048		146,000		161,530

4.25%, 1/15/2049		20,000		22,300


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Insurance — continued

Northwestern Mutual Life Insurance Co. (The)

3.85%, 9/30/2047 (a)		20,000		20,236

Progressive Corp. (The)

4.13%, 4/15/2047		60,000		65,913

Prudential Financial, Inc.

3.70%, 3/13/2051		68,000		68,897


				1,135,205


Interactive Media & Services — 0.3%

Alphabet, Inc.

2.00%, 8/15/2026		91,000		91,115

1.10%, 8/15/2030		50,000		45,131


				136,246


Internet & Direct Marketing Retail — 0.8%

Amazon.com, Inc.

1.00%, 5/12/2026		53,000		51,038

3.88%, 8/22/2037		252,000		275,940

4.05%, 8/22/2047		10,000		11,140

2.50%, 6/3/2050		60,000		51,798


				389,916


IT Services — 1.0%

Global Payments, Inc.

3.20%, 8/15/2029		146,000		144,118

2.90%, 5/15/2030		20,000		19,243

4.15%, 8/15/2049		112,000		110,366

International Business Machines Corp.

3.30%, 5/15/2026		150,000		156,050

VeriSign, Inc. 2.70%, 6/15/2031		114,000		105,793


				535,570


Life Sciences Tools & Services — 0.2%

Thermo Fisher Scientific, Inc.

2.80%, 10/15/2041		61,000		56,162

4.10%, 8/15/2047		23,000		25,476


				81,638


Machinery — 0.3%

Caterpillar, Inc.

3.80%, 8/15/2042		20,000		21,277

3.25%, 4/9/2050		20,000		19,666

Otis Worldwide Corp.

2.06%, 4/5/2025		40,000		39,698

2.57%, 2/15/2030		40,000		38,667

3.36%, 2/15/2050		20,000		18,639


				137,947


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Media — 3.4%

Charter Communications Operating LLC

4.46%, 7/23/2022		76,000		76,556

4.91%, 7/23/2025		270,000		286,209

2.80%, 4/1/2031		40,000		37,047

3.50%, 3/1/2042		177,000		152,583

6.48%, 10/23/2045		21,000		25,092

5.38%, 5/1/2047		30,000		31,658

4.80%, 3/1/2050		107,000		104,634

3.70%, 4/1/2051		25,000		20,974

Comcast Corp.

3.70%, 4/15/2024		101,000		104,635

3.95%, 10/15/2025		105,000		110,755

3.15%, 3/1/2026		88,000		90,705

4.15%, 10/15/2028		101,000		109,474

3.40%, 4/1/2030		40,000		41,259

3.90%, 3/1/2038		150,000		152,720

3.75%, 4/1/2040		50,000		50,488

4.00%, 11/1/2049		30,000		30,510

3.45%, 2/1/2050		20,000		18,659

Discovery Communications LLC

3.95%, 3/20/2028		76,000		78,392

5.00%, 9/20/2037		30,000		32,342

4.65%, 5/15/2050		91,000		93,026

4.00%, 9/15/2055		90,000		81,786


				1,729,504


Metals & Mining — 0.7%

Glencore Funding LLC (Australia) 4.13%, 5/30/2023 (a)		127,000		130,171

Vale Overseas Ltd. (Brazil) 6.25%, 8/10/2026		192,000		215,916


				346,087


Multi-Utilities—2.9%

Ameren Corp.

2.50%, 9/15/2024		141,000		141,730

3.50%, 1/15/2031		60,000		61,669

Berkshire Hathaway Energy Co.

4.45%, 1/15/2049		31,000		34,262

2.85%, 5/15/2051		106,000		89,942

CenterPoint Energy, Inc.

2.65%, 6/1/2031		345,000		330,050

Consolidated Edison Co. of New York, Inc.

Series 20B, 3.95%, 4/1/2050		76,000		78,186

3.60%, 6/15/2061		50,000		46,494

Dominion Energy, Inc. 3.90%, 10/1/2025		17,000		17,731


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Multi-Utilities— continued

NiSource, Inc.

2.95%, 9/1/2029		35,000		34,508

3.60%, 5/1/2030		40,000		40,876

San Diego Gas & Electric Co.

Series VVV, 1.70%, 10/1/2030		53,000		48,118

2.95%, 8/15/2051		110,000		98,540

Sempra Energy

3.25%, 6/15/2027		40,000		40,867

4.00%, 2/1/2048		98,000		98,450

Southern Co. Gas Capital Corp.

2.45%, 10/1/2023		205,000		206,747

Series 20-A, 1.75%, 1/15/2031		152,000		134,797


				1,502,967


Oil, Gas & Consumable Fuels — 6.8%

BP Capital Markets America, Inc.

3.79%, 2/6/2024		70,000		72,234

3.80%, 9/21/2025		72,000		75,678

4.23%, 11/6/2028		39,000		42,142

3.00%, 2/24/2050		203,000		173,476

BP Capital Markets plc (United Kingdom) 3.28%, 9/19/2027		187,000		192,270

Cameron LNG LLC 3.30%, 1/15/2035(a)		25,000		24,582

3.70%, 1/15/2039(a)		5,000		4,991

Canadian Natural Resources Ltd. (Canada) 4.95%, 6/1/2047		30,000		33,825

Cenovus Energy, Inc. (Canada) 5.38%, 7/15/2025		72,000		77,976

Chevron Corp. 1.55%, 5/11/2025		107,000		105,385

2.95%, 5/16/2026		88,000		90,890

Columbia Pipeline Group, Inc. 4.50%, 6/1/2025		192,000		203,600

ConocoPhillips 4.30%, 8/15/2028(a)		190,000		209,582

Diamondback Energy, Inc. 3.50%, 12/1/2029		70,000		70,787

Energy Transfer LP

4.95%, 5/15/2028		80,000		85,609

4.95%, 6/15/2028		32,000		34,416

5.40%, 10/1/2047		149,000		159,444

5.00%, 5/15/2050		144,000		149,772

Enterprise Products Operating LLC

Series E, (ICE LIBOR USD 3 Month + 3.03%), 5.25%, 8/16/2077(b)		105,000		99,631

Exxon Mobil Corp.

2.99%, 3/19/2025		78,000		80,084

2.61%, 10/15/2030		205,000		203,422


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Oil, Gas & Consumable Fuels — continued

3.00%, 8/16/2039		185,000		177,469

4.33%, 3/19/2050		20,000		22,607

3.45%, 4/15/2051		30,000		29,651

Kinder Morgan, Inc. 4.30%, 6/1/2025		110,000		115,247

Marathon Oil Corp. 4.40%, 7/15/2027		90,000		95,540

Marathon Petroleum Corp. 4.75%, 9/15/2044		17,000		17,884

Phillips 66 4.88%, 11/15/2044		30,000		34,114

Pioneer Natural Resources Co. 1.90%, 8/15/2030		66,000		59,948

Plains All American Pipeline LP 3.55%, 12/15/2029		146,000		144,093

Sabine Pass Liquefaction LLC 5.75%, 5/15/2024		100,000		106,387

5.63%, 3/1/2025		140,000		151,068

TotalEnergies Capital International SA (France) 2.43%, 1/10/2025		88,000		89,062

2.83%, 1/10/2030		166,000		166,444

3.46%, 7/12/2049		20,000		19,414

3.13%, 5/29/2050		90,000		83,168


				3,501,892


Pharmaceuticals — 3.2%

AstraZeneca plc (United Kingdom) 3.38%, 11/16/2025		60,000		62,451

4.38%, 11/16/2045		68,000		77,499

2.13%, 8/6/2050		30,000		23,681

3.00%, 5/28/2051		110,000		102,705

Bristol-Myers Squibb Co. 3.40%, 7/26/2029		68,000		71,579

4.13%, 6/15/2039		70,000		76,722

4.35%, 11/15/2047		32,000		36,389

4.25%, 10/26/2049		88,000		98,409

2.55%, 11/13/2050		80,000		67,694

Eli Lilly & Co. 2.25%, 5/15/2050		104,000		86,686

Pfizer, Inc. 2.70%, 5/28/2050		111,000		100,315

Royalty Pharma plc 0.75%, 9/2/2023		220,000		215,862

3.30%, 9/2/2040		150,000		132,716

Shire Acquisitions Investments Ireland DAC 2.88%, 9/23/2023		156,000		158,011

3.20%, 9/23/2026		332,000		340,769


				1,651,488


Road & Rail — 2.1%

Burlington Northern Santa Fe LLC 4.15%, 4/1/2045		89,000		96,797

Canadian Pacific Railway Co. (Canada) 1.35%, 12/2/2024		92,000		89,754


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Road & Rail — continued

1.75%, 12/2/2026		238,000		230,828

2.45%, 12/2/2031		82,000		78,698

3.00%, 12/2/2041		75,000		69,581

CSX Corp. 4.30%, 3/1/2048		45,000		49,195

Norfolk Southern Corp. 4.15%, 2/28/2048		106,000		113,319

3.16%, 5/15/2055		110,000		100,988

Union Pacific Corp. 2.89%, 4/6/2036		242,000		234,091

3.25%, 2/5/2050		34,000		32,649


				1,095,900


Semiconductors & Semiconductor Equipment — 3.8%

Analog Devices, Inc. 3.50%, 12/5/2026		108,000		113,660

Broadcom Corp. 3.88%, 1/15/2027		141,000		146,809

Broadcom, Inc. 4.75%, 4/15/2029		68,000		73,892

3.50%, 2/15/2041 (a)		240,000		221,292

Intel Corp. 3.25%, 11/15/2049		73,000		68,380

3.05%, 8/12/2051		30,000		27,246

3.20%, 8/12/2061		53,000		46,764

KLA Corp. 4.10%, 3/15/2029		260,000		280,409

NVIDIA Corp. 3.50%, 4/1/2050		136,000		140,063

NXP BV (China) 4.30%, 6/18/2029 (a)		40,000		42,688

3.25%, 5/11/2041 (a)		190,000		173,753

QUALCOMM, Inc. 3.25%, 5/20/2050		20,000		19,649

Xilinx, Inc. 2.95%, 6/1/2024		380,000		386,666

2.38%, 6/1/2030		246,000		236,563


				1,977,834


Software — 1.9%

Microsoft Corp. 3.30%, 2/6/2027		30,000		32,037

3.45%, 8/8/2036		42,000		45,045

4.10%, 2/6/2037		88,000		100,317

Oracle Corp. 2.50%, 4/1/2025		107,000		106,856

3.25%, 11/15/2027		71,000		71,809

2.95%, 4/1/2030		83,000		80,225

2.88%, 3/25/2031		60,000		57,268

3.80%, 11/15/2037		68,000		64,626

3.60%, 4/1/2040		81,000		73,366

4.00%, 7/15/2046		31,000		28,491

3.60%, 4/1/2050		186,000		161,693

3.95%, 3/25/2051		30,000		27,481

VMware, Inc.

1.00%, 8/15/2024		128,000		124,297


				973,511


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Specialty Retail — 1.6%

AutoZone, Inc. 1.65%, 1/15/2031		174,000		154,288

Home Depot, Inc. (The) 2.70%, 4/15/2030		78,000		77,742

3.30%, 4/15/2040		110,000		110,044

4.20%, 4/1/2043		30,000		33,155

3.13%, 12/15/2049		63,000		59,368

3.35%, 4/15/2050		20,000		19,559

2.75%, 9/15/2051		70,000		62,116

3.50%, 9/15/2056		20,000		19,877

Lowe’s Cos., Inc. 3.10%, 5/3/2027		40,000		41,194

2.80%, 9/15/2041		122,000		107,736

3.70%, 4/15/2046		107,000		104,206

4.05%, 5/3/2047		40,000		41,054


				830,339


Technology Hardware, Storage & Peripherals — 1.8%

Apple, Inc. 2.90%, 9/12/2027		89,000		91,818

1.65%, 5/11/2030		40,000		37,297

2.38%, 2/8/2041		69,000		61,456

3.85%, 5/4/2043		20,000		21,506

3.45%, 2/9/2045		107,000		109,427

4.65%, 2/23/2046		153,000		185,638

2.65%, 5/11/2050		20,000		17,745

2.65%, 2/8/2051		130,000		115,480

Dell International LLC 5.45%, 6/15/2023		60,000		62,454

6.02%, 6/15/2026		152,000		169,609

5.30%, 10/1/2029		40,000		44,609


				917,039


Tobacco — 1.6%

Altria Group, Inc. 4.80%, 2/14/2029		63,000		68,058

5.38%, 1/31/2044		79,000		82,430

5.95%, 2/14/2049		50,000		55,541

4.00%, 2/4/2061		55,000		45,754

BAT Capital Corp. (United Kingdom) 3.22%, 8/15/2024		119,000		120,425

4.39%, 8/15/2037		274,000		262,608

4.54%, 8/15/2047		98,000		90,480

Reynolds American, Inc. (United Kingdom) 4.45%, 6/12/2025		76,000		79,478


				804,774


Trading Companies & Distributors — 0.5%

Air Lease Corp. 2.30%, 2/1/2025		146,000		144,243

2.88%, 1/15/2026		120,000		119,538


				263,781


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Water Utilities — 0.4%

American Water Capital Corp. 2.80%, 5/1/2030		63,000		62,310

3.75%, 9/1/2047		50,000		49,863

3.45%, 5/1/2050		100,000		96,152


				208,325


Wireless Telecommunication Services — 1.2%

T-Mobile USA, Inc. 3.50%, 4/15/2025		195,000		200,464

3.75%, 4/15/2027		117,000		121,481

3.88%, 4/15/2030		170,000		175,795

4.50%, 4/15/2050		141,000		147,001


				644,741


Total Corporate Bonds (Cost $52,805,488)				50,913,381

	SHARES

Short-term Investments — 0.3%

Investment Companies — 0.3%

JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03%(d)(e)(Cost $159,865)		159,865		159,865


Total Investments — 99.2% (Cost $52,965,353)				51,073,246

Other Assets Less Liabilities — 0.8%				405,447


NET ASSETS — 100.0%				51,478,693

Percentages indicated are based on net assets.

Abbreviations


ICE		Intercontinental Exchange
LIBOR		London Interbank Offered Rate
SOFR		Secured Overnight Financing Rate
USD		United States Dollar
(a)		Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended.
(b)		Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of February 28, 2022.
(c)		Amount rounds to less than 0.1% of net assets.
(d)		Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.
(e)		The rate shown is the current yield as of February 28, 2022.


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — 96.4%

Aerospace & Defense — 2.4%

Bombardier, Inc. (Canada)

7.50%, 12/1/2024 (a)		940,000		972,900

7.88%, 4/15/2027 (a)		3,774,000		3,826,836

6.00%, 2/15/2028 (a)		1,886,000		1,801,149

BWX Technologies, Inc.

4.13%, 6/30/2028 (a)		1,157,000		1,122,290

Howmet Aerospace, Inc.

6.88%, 5/1/2025		1,113,000		1,225,839

5.95%, 2/1/2037		2,431,000		2,689,585

Moog, Inc.

4.25%, 12/15/2027 (a)		750,000		735,278

Rolls-Royce plc (United Kingdom)

5.75%, 10/15/2027 (a)		1,475,000		1,519,589

Spirit AeroSystems, Inc.

7.50%, 4/15/2025 (a)		3,051,000		3,169,989

4.60%, 6/15/2028		718,000		685,690

TransDigm, Inc.

6.25%, 3/15/2026 (a)		10,550,000		10,853,313

5.50%, 11/15/2027		4,508,000		4,490,193

Triumph Group, Inc.

8.88%, 6/1/2024 (a)		834,000		889,899

7.75%, 8/15/2025		1,390,000		1,395,212


				35,377,762


Air Freight & Logistics — 0.1%

Cargo Aircraft Management, Inc.

4.75%, 2/1/2028 (a)		1,128,000		1,105,891


Airlines — 1.5%

Air Canada (Canada)

3.88%, 8/15/2026 (a)		1,405,000		1,364,248

American Airlines, Inc.

5.50%, 4/20/2026 (a)		5,566,976		5,698,023

5.75%, 4/20/2029 (a)		5,566,976		5,691,231

Delta Air Lines, Inc.

7.38%, 1/15/2026		2,009,000		2,254,801

3.75%, 10/28/2029		967,000		919,549

Hawaiian Brand Intellectual Property Ltd.

5.75%, 1/20/2026 (a)		938,707		950,441

United Airlines, Inc.

4.38%, 4/15/2026 (a)		1,375,000		1,371,480

4.63%, 4/15/2029 (a)		3,309,000		3,227,913


				21,477,686


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Auto Components — 2.1%

Adient Global Holdings Ltd.

4.88%, 8/15/2026 (a)		1,200,000		1,201,500

Allison Transmission, Inc.

5.88%, 6/1/2029 (a)		2,478,000		2,599,050

American Axle & Manufacturing, Inc.

6.50%, 4/1/2027		1,730,000		1,768,925

5.00%, 10/1/2029		943,000		894,256

Clarios Global LP

6.25%, 5/15/2026 (a)		1,615,000		1,670,621

8.50%, 5/15/2027 (a)		1,605,000		1,673,212

Cooper-Standard Automotive, Inc.

13.00%, 6/1/2024 (a)		459,000		483,097

5.63%, 11/15/2026 (a)		761,000		523,188

Dana, Inc.

5.38%, 11/15/2027		1,340,000		1,366,800

Dornoch Debt Merger Sub, Inc.

6.63%, 10/15/2029 (a)		1,000,000		927,500

Goodyear Tire & Rubber Co. (The)

5.00%, 5/31/2026		1,692,000		1,698,345

4.88%, 3/15/2027		2,375,000		2,374,406

5.25%, 4/30/2031		967,000		940,408

Icahn Enterprises LP

4.75%, 9/15/2024		563,000		561,593

6.25%, 5/15/2026		2,810,000		2,834,489

5.25%, 5/15/2027		3,052,000		3,030,636

IHO Verwaltungs GmbH (Germany)

6.38% (cash), 5/15/2029(a)(b)		1,750,000		1,815,625

Real Hero Merger Sub 2, Inc.

6.25%, 2/1/2029 (a)		550,000		518,375

Tenneco, Inc.

5.00%, 7/15/2026		1,805,000		1,800,903

7.88%, 1/15/2029 (a)		946,000		999,160

ZF North America Capital, Inc. (Germany)

4.75%, 4/29/2025 (a)		1,000,000		1,015,000


				30,697,089


Automobiles — 0.1%

PM General Purchaser LLC

9.50%, 10/1/2028 (a)		874,000		836,095


Banks — 0.4%

UniCredit SpA (Italy)

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.75%), 5.46%, 6/30/2035 (a)(c)		5,500,000		5,479,963


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Beverages — 0.1%

Triton Water Holdings, Inc.

6.25%, 4/1/2029(a)		1,145,000		1,054,980


Biotechnology — 0.0%(d)

Emergent BioSolutions, Inc.

3.88%, 8/15/2028(a)		600,000		536,706


Building Products — 1.3%

Builders FirstSource, Inc. 6.75%, 6/1/2027 (a)		2,203,000		2,289,556

Forterra Finance LLC 6.50%, 7/15/2025 (a)		720,000		745,200

Griffon Corp. 5.75%, 3/1/2028		2,277,000		2,268,176

James Hardie International Finance DAC 5.00%, 1/15/2028 (a)		900,000		909,000

JELD-WEN, Inc. 4.88%, 12/15/2027 (a)		1,840,000		1,789,400

Masonite International Corp. 5.38%, 2/1/2028 (a)		1,392,000		1,419,840

MIWD Holdco II LLC 5.50%, 2/1/2030 (a)		750,000		715,095

Standard Industries, Inc. 4.75%, 1/15/2028 (a)		7,103,000		6,969,819

Summit Materials LLC 5.25%, 1/15/2029 (a)		1,505,000		1,510,644


				18,616,730


Capital Markets — 1.5%

Coinbase Global, Inc.

3.38%, 10/1/2028 (a)		967,000		881,072

3.63%, 10/1/2031 (a)		967,000		851,710

Deutsche Bank AG (Germany)

(SOFR + 5.44%), 5.88%, 7/8/2031 (c)		7,000,000		7,591,718

LPL Holdings, Inc.

4.63%, 11/15/2027 (a)		3,795,000		3,776,025

4.00%, 3/15/2029 (a)		1,375,000		1,335,469

MSCI, Inc.

4.00%, 11/15/2029 (a)		4,731,000		4,756,453

3.88%, 2/15/2031 (a)		2,830,000		2,817,208


				22,009,655


Chemicals — 2.5%

Ashland LLC 3.38%, 9/1/2031 (a)		750,000		690,000

Avient Corp. 5.75%, 5/15/2025 (a)		1,097,000		1,125,796

Axalta Coating Systems LLC 4.75%, 6/15/2027 (a)		1,800,000		1,804,500

Chemours Co. (The) 5.75%, 11/15/2028 (a)		3,274,000		3,218,244

CVR Partners LP 6.13%, 6/15/2028 (a)		586,000		589,663


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Chemicals — continued

Element Solutions, Inc. 3.88%, 9/1/2028 (a)		1,668,000		1,581,998

Hexion, Inc. 7.88%, 7/15/2027 (a)		1,886,000		1,985,958

INEOS Quattro Finance 2 plc (United Kingdom) 3.38%, 1/15/2026 (a)		1,000,000		955,000

Ingevity Corp. 3.88%, 11/1/2028 (a)		1,813,000		1,708,662

LSB Industries, Inc. 6.25%, 10/15/2028 (a)		786,000		789,930

Methanex Corp. (Canada) 5.25%, 12/15/2029		1,919,000		1,938,190

Nufarm Australia Ltd. (Australia) 5.00%, 1/27/2030 (a)		750,000		740,535

OCI NV (Netherlands) 4.63%, 10/15/2025 (a)		750,000		752,025

Olin Corp.

5.13%, 9/15/2027		811,000		821,138

5.63%, 8/1/2029		1,385,000		1,444,139

Olympus Water US Holding Corp. 4.25%, 10/1/2028 (a)		750,000		699,450

Rain CII Carbon LLC 7.25%, 4/1/2025 (a)		1,184,000		1,185,267

SCIH Salt Holdings, Inc. 4.88%, 5/1/2028 (a)		925,000		876,438

Scotts Miracle-Gro Co. (The)

4.50%, 10/15/2029		881,000		850,165

4.38%, 2/1/2032		952,000		878,791

Trinseo Materials Operating SCA

5.38%, 9/1/2025 (a)		1,435,000		1,446,451

5.13%, 4/1/2029 (a)		486,000		460,485

Tronox, Inc. 6.50%, 5/1/2025 (a)		3,129,000		3,250,405

Valvoline, Inc. 4.25%, 2/15/2030 (a)		955,000		904,342

Venator Finance SARL

9.50%, 7/1/2025 (a)		470,000		505,250

5.75%, 7/15/2025 (a)		570,000		513,000

WR Grace Holdings LLC

4.88%, 6/15/2027 (a)		2,523,000		2,520,527

5.63%, 8/15/2029 (a)		1,898,000		1,817,335


				36,053,684


Commercial Services & Supplies — 3.0%

ACCO Brands Corp. 4.25%, 3/15/2029 (a)		940,000		876,550

ADT Security Corp. (The) 4.88%, 7/15/2032 (a)		986,000		919,445

Allied Universal Holdco LLC

6.63%, 7/15/2026 (a)		4,714,000		4,828,550

9.75%, 7/15/2027 (a)		1,745,000		1,823,525

6.00%, 6/1/2029 (a)		1,750,000		1,627,500


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Commercial Services & Supplies— continued

APi Group DE, Inc. 4.13%, 7/15/2029 (a)		967,000		891,013

Aramark Services, Inc.

6.38%, 5/1/2025 (a)		574,000		594,377

5.00%, 2/1/2028 (a)		2,278,000		2,282,066

Brink’s Co. (The)

4.63%, 10/15/2027 (a)		886,000		864,736

CoreCivic, Inc. 4.63%, 5/1/2023		925,000		925,203

8.25%, 4/15/2026		925,000		938,875

Covanta Holding Corp. 4.88%, 12/1/2029 (a)		1,000,000		956,884

Garda World Security Corp. (Canada) 4.63%, 2/15/2027 (a)		859,000		832,156

9.50%, 11/1/2027 (a)		1,385,000		1,428,074

GFL Environmental, Inc. (Canada) 5.13%, 12/15/2026 (a)		2,321,000		2,369,961

4.75%, 6/15/2029 (a)		1,886,000		1,780,988

Harsco Corp. 5.75%, 7/31/2027 (a)		500,000		492,500

Madison IAQ LLC 5.88%, 6/30/2029 (a)		2,324,000		2,109,030

Nielsen Finance LLC 5.63%, 10/1/2028 (a)		4,903,000		4,738,039

5.88%, 10/1/2030 (a)		1,853,000		1,794,556

Prime Security Services Borrower LLC 5.25%, 4/15/2024 (a)		1,737,000		1,771,740

5.75%, 4/15/2026 (a)		5,102,000		5,242,662

6.25%, 1/15/2028 (a)		1,390,000		1,341,350

Stericycle, Inc. 3.88%, 1/15/2029 (a)		1,915,000		1,783,344


				43,213,124

Communications Equipment — 1.0%

Avaya, Inc. 6.13%, 9/15/2028 (a)		934,000		898,975

CommScope Technologies LLC 6.00%, 6/15/2025 (a)		1,536,000		1,502,500

5.00%, 3/15/2027 (a)		3,753,000		3,346,400

CommScope, Inc. 6.00%, 3/1/2026 (a)		2,821,000		2,887,350

8.25%, 3/1/2027 (a)		3,948,000		3,928,339

Nokia OYJ (Finland) 6.63%, 5/15/2039		574,000		685,930

Viasat, Inc. 5.63%, 4/15/2027 (a)		778,000		777,198

6.50%, 7/15/2028 (a)		574,000		529,515


				14,556,207

Construction & Engineering — 0.4%

AECOM 5.13%, 3/15/2027		1,385,000		1,419,625

Dycom Industries, Inc. 4.50%, 4/15/2029 (a)		743,000		715,138

Global Infrastructure Solutions, Inc. 5.63%, 6/1/2029 (a)		750,000		740,625

MasTec, Inc. 4.50%, 8/15/2028 (a)		1,375,000		1,394,070


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Construction & Engineering — continued

Pike Corp. 5.50%, 9/1/2028 (a)		1,124,000		1,081,850

Weekley Homes LLC 4.88%, 9/15/2028 (a)		925,000		879,869


				6,231,177


Consumer Finance — 4.7%

Ally Financial, Inc. 5.75%, 11/20/2025		943,000		1,003,965

Curo Group Holdings Corp. 7.50%, 8/1/2028 (a)		1,868,000		1,657,850

FirstCash, Inc. 5.63%, 1/1/2030 (a)		979,000		972,147

Ford Motor Credit Co. LLC

5.58%, 3/18/2024		7,950,000		8,268,000

5.13%, 6/16/2025		6,225,000		6,511,350

4.13%, 8/17/2027		17,950,000		18,080,138

4.00%, 11/13/2030		2,050,000		2,033,600

Global Aircraft Leasing Co. Ltd. (Cayman Islands) 6.50% (cash), 9/15/2024 (a)(b)		2,785,413		2,646,142

Navient Corp.

7.25%, 9/25/2023		1,868,000		1,959,513

5.88%, 10/25/2024		3,322,000		3,435,995

OneMain Finance Corp.

6.13%, 3/15/2024		5,786,000		5,959,580

7.13%, 3/15/2026		10,125,000		10,975,500

3.88%, 9/15/2028		2,862,000		2,650,927

SLM Corp. 4.20%, 10/29/2025		1,000,000		1,005,000

VistaJet Malta Finance plc (Switzerland) 6.38%, 2/1/2030 (a)		1,297,000		1,234,147


				68,393,854

Containers & Packaging — 1.9%

Ardagh Metal Packaging Finance USA LLC

3.25%, 9/1/2028 (a)		600,000		563,868

4.00%, 9/1/2029 (a)		1,000,000		937,800

Ardagh Packaging Finance plc

5.25%, 4/30/2025 (a)		410,000		415,373

4.13%, 8/15/2026 (a)		1,500,000		1,451,250

5.25%, 8/15/2027 (a)		3,700,000		3,517,084

Ball Corp.

5.25%, 7/1/2025		574,000		608,440

3.13%, 9/15/2031		3,137,000		2,880,989

Graham Packaging Co., Inc. 7.13%, 8/15/2028 (a)		1,035,000		996,187

Graphic Packaging International LLC

4.75%, 7/15/2027 (a)		1,347,000		1,380,675

3.50%, 3/15/2028 (a)		250,000		237,500

LABL, Inc. 6.75%, 7/15/2026 (a)		1,150,000		1,152,875


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Containers & Packaging— continued

Mauser Packaging Solutions Holding Co.

5.50%, 4/15/2024 (a)		2,546,000		2,533,270

7.25%, 4/15/2025 (a)		3,416,000		3,356,220

Owens-Brockway Glass Container, Inc. 6.63%, 5/13/2027 (a)		2,038,000		2,114,425

Pactiv Evergreen Group Issuer, Inc. 4.00%, 10/15/2027 (a)		1,605,000		1,488,357

Sealed Air Corp. 6.88%, 7/15/2033 (a)		1,405,000		1,601,700

TriMas Corp. 4.13%, 4/15/2029 (a)		500,000		470,555

Trivium Packaging Finance BV (Netherlands) 5.50%, 8/15/2026 (a) (e)		1,275,000		1,286,845


				26,993,413


Distributors — 0.4%

American Builders & Contractors Supply Co., Inc. 4.00%, 1/15/2028 (a)		1,518,000		1,483,845

Ritchie Bros Holdings, Inc. (Canada) 4.75%, 12/15/2031 (a)		979,000		972,715

Wolverine Escrow LLC

8.50%, 11/15/2024 (a)		1,588,000		1,352,500

9.00%, 11/15/2026 (a)		1,791,000		1,790,999


				5,600,059


Diversified Consumer Services — 0.0% (d)

Service Corp. International

5.13%, 6/1/2029		547,000		560,675


Diversified Financial Services — 0.4%

MPH Acquisition Holdings LLC

5.50%, 9/1/2028 (a)		943,000		914,757

5.75%, 11/1/2028 (a)		943,000		851,058

Oxford Finance LLC 6.38%, 2/1/2027 (a)		988,000		1,011,159

Sabre GLBL, Inc. 9.25%, 4/15/2025 (a)		1,333,000		1,503,304

Verscend Escrow Corp. 9.75%, 8/15/2026 (a)		925,000		964,312


				5,244,590


Diversified Telecommunication Services —6.1%

Altice France Holding SA (Luxembourg)

10.50%, 5/15/2027 (a)		1,500,000		1,570,500

6.00%, 2/15/2028 (a)		1,000,000		885,740

Altice France SA (France)

5.50%, 1/15/2028 (a)		8,000,000		7,480,000

5.13%, 1/15/2029 (a)		2,500,000		2,268,750

CCO Holdings LLC

5.13%, 5/1/2027 (a)		5,164,000		5,215,640


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Diversified Telecommunication Services — continued

5.38%, 6/1/2029 (a)		9,074,000		9,215,826

4.75%, 3/1/2030 (a)		14,812,000		14,545,162

Embarq Corp. 8.00%, 6/1/2036		2,241,000		2,212,988

Frontier Communications Holdings LLC

5.88%, 10/15/2027 (a)		1,552,000		1,573,945

5.00%, 5/1/2028 (a)		2,870,000		2,786,053

6.75%, 5/1/2029 (a)		1,622,000		1,574,629

Iliad Holding SASU (France)

6.50%, 10/15/2026 (a)		1,000,000		997,500

7.00%, 10/15/2028 (a)		1,000,000		994,660

Level 3 Financing, Inc.

4.63%, 9/15/2027 (a)		2,931,000		2,828,415

4.25%, 7/1/2028 (a)		1,886,000		1,741,514
Lumen Technologies, Inc.

Series Y,

7.50%, 4/1/2024		1,554,000		1,629,758

4.00%, 2/15/2027 (a)		4,291,000		4,083,187

5.38%, 6/15/2029 (a)		943,000		819,872

Sprint Capital Corp.

6.88%, 11/15/2028		5,676,000		6,740,080

8.75%, 3/15/2032		2,870,000		3,982,125

Switch Ltd. 3.75%, 9/15/2028 (a)		2,036,000		1,931,818

Telecom Italia Capital SA (Italy)

6.00%, 9/30/2034		925,000		884,189

7.72%, 6/4/2038		2,810,000		2,909,038

Telecom Italia SpA (Italy) 5.30%, 5/30/2024 (a)		1,251,000		1,287,485

Telesat Canada (Canada) 5.63%, 12/6/2026 (a)		1,000,000		735,000

Virgin Media Secured Finance plc (United Kingdom)

5.50%, 5/15/2029 (a)		2,120,000		2,118,080

4.50%, 8/15/2030 (a)		2,465,000		2,330,583

Windstream Escrow LLC 7.75%, 8/15/2028 (a)		967,000		976,090

Zayo Group Holdings, Inc.

4.00%, 3/1/2027 (a)		1,417,000		1,347,142

6.13%, 3/1/2028 (a)		1,012,000		940,381


				88,606,150


Electric Utilities — 2.1%

FirstEnergy Corp.

2.65%, 3/1/2030		1,906,000		1,790,992

Series C, 7.38%, 11/15/2031		1,735,000		2,172,359

Series C, 5.35%, 7/15/2047 (e)		1,435,000		1,516,293


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Electric Utilities — continued

NextEra Energy Operating Partners LP

4.50%, 9/15/2027 (a)		3,052,000		3,067,260

NRG Energy, Inc.

5.75%, 1/15/2028		1,129,000		1,154,380

5.25%, 6/15/2029 (a)		4,746,000		4,840,920

3.63%, 2/15/2031 (a)		2,840,000		2,611,124

PG&E Corp. 5.25%, 7/1/2030		3,883,000		3,857,100

Vistra Operations Co. LLC

5.63%, 2/15/2027 (a)		7,670,000		7,853,390

4.38%, 5/1/2029 (a)		1,405,000		1,361,501


				30,225,319


Electrical Equipment — 0.0% (d)

EnerSys 5.00%, 4/30/2023 (a)		792,000		803,310


Electronic Equipment, Instruments & Components — 0.5%

II-VI, Inc. 5.00%, 12/15/2029 (a)		2,000,000		1,997,840

Sensata Technologies, Inc.

4.38%, 2/15/2030 (a)		3,712,000		3,609,920

3.75%, 2/15/2031 (a)		1,310,000		1,218,300


				6,826,060


Energy Equipment & Services — 0.7%

Archrock Partners LP

6.88%, 4/1/2027 (a)		1,718,000		1,763,596

6.25%, 4/1/2028 (a)		712,000		712,000

Nabors Industries Ltd. 7.25%, 1/15/2026 (a)		662,000		645,450

Nabors Industries, Inc. 5.75%, 2/1/2025		1,906,000		1,825,948

Oceaneering International, Inc. 4.65%, 11/15/2024		562,000		553,078

Precision Drilling Corp. (Canada) 7.13%, 1/15/2026 (a)		700,000		707,875

Transocean Guardian Ltd. 5.88%, 1/15/2024 (a)		1,026,630		982,187

Transocean Pontus Ltd. 6.13%, 8/1/2025 (a)		861,000		848,085

Transocean, Inc. 11.50%, 1/30/2027 (a)		934,000		934,000

USA Compression Partners LP 6.88%, 4/1/2026		811,000		814,447


				9,786,666


Entertainment — 1.5%

Banijay Entertainment SASU (France) 5.38%, 3/1/2025 (a)		450,000		445,500

Cinemark USA, Inc.

8.75%, 5/1/2025 (a)		861,000		901,898

5.25%, 7/15/2028 (a)		1,636,000		1,560,400


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Entertainment — continued

Live Nation Entertainment, Inc.

4.88%, 11/1/2024 (a)		2,070,000		2,090,389

6.50%, 5/15/2027 (a)		4,189,000		4,484,995

Netflix, Inc. 5.88%, 11/15/2028		7,959,000		8,998,843

ROBLOX Corp. 3.88%, 5/1/2030 (a)		900,000		855,788

WMG Acquisition Corp.

3.88%, 7/15/2030 (a)		1,125,000		1,080,000

3.00%, 2/15/2031 (a)		841,000		760,373


				21,178,186


Equity Real Estate Investment Trusts (REITs) — 3.5%

Brookfield Property REIT, Inc. 5.75%, 5/15/2026(a)		1,622,000		1,604,628

4.50%, 4/1/2027 (a)		529,000		493,293

HAT Holdings I LLC

3.38%, 6/15/2026 (a)		1,405,000		1,331,237

3.75%, 9/15/2030 (a)		1,156,000		1,063,520

Iron Mountain, Inc.

4.88%, 9/15/2027 (a)		2,268,000		2,270,767

5.00%, 7/15/2028 (a)		2,413,000		2,390,245

4.88%, 9/15/2029 (a)		979,000		947,183

iStar, Inc. 4.75%, 10/1/2024		3,260,000		3,284,450

MGM Growth Properties Operating Partnership LP

5.63%, 5/1/2024		3,665,000		3,804,869

5.75%, 2/1/2027		3,368,000		3,645,860

3.88%, 2/15/2029 (a)		1,964,000		1,973,820

MPT Operating Partnership LP 4.63%, 8/1/2029		4,765,000		4,782,869

Park Intermediate Holdings LLC

7.50%, 6/1/2025 (a)		925,000		966,625

5.88%, 10/1/2028 (a)		5,126,000		5,220,216

RHP Hotel Properties LP 4.75%, 10/15/2027		3,072,000		3,002,880

SBA Communications Corp.

3.88%, 2/15/2027		1,375,000		1,372,621

3.13%, 2/1/2029		1,000,000		928,800

Uniti Group LP

7.88%, 2/15/2025 (a)		2,506,000		2,610,688

6.50%, 2/15/2029 (a)		2,258,000		2,092,647

VICI Properties LP

4.25%, 12/1/2026 (a)		4,009,000		4,049,090

4.63%, 12/1/2029 (a)		3,413,000		3,481,260


				51,317,568


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Food & Staples Retailing — 1.0%

Albertsons Cos., Inc. 4.63%, 1/15/2027 (a)		2,508,000		2,519,004

5.88%, 2/15/2028 (a)		2,151,000		2,223,596

4.88%, 2/15/2030 (a)		2,541,000		2,547,353

Performance Food Group, Inc. 5.50%, 10/15/2027 (a)		3,189,000		3,244,807

Rite Aid Corp. 8.00%, 11/15/2026(a)		2,603,000		2,477,887

US Foods, Inc.

6.25%, 4/15/2025 (a)		792,000		819,166

4.75%, 2/15/2029 (a)		982,000		971,394


				14,803,207


Food Products — 2.2%

B&G Foods, Inc. 5.25%, 9/15/2027		2,267,000		2,260,403

Darling Ingredients, Inc.

5.25%, 4/15/2027 (a)		600,000		610,536

Kraft Heinz Foods Co.

3.88%, 5/15/2027		3,091,000		3,200,576

5.00%, 7/15/2035		2,375,000		2,668,906

4.38%, 6/1/2046		5,955,000		6,103,875

Lamb Weston Holdings, Inc.

4.88%, 5/15/2028 (a)		2,850,000		2,928,375

Pilgrim’s Pride Corp.

5.88%, 9/30/2027 (a)		2,195,000		2,256,032

4.25%, 4/15/2031 (a)		1,000,000		965,925

Post Holdings, Inc.

5.75%, 3/1/2027 (a)		1,405,000		1,419,753

5.50%, 12/15/2029 (a)		10,232,000		10,317,795


				32,732,176


Gas Utilities — 0.2%

AmeriGas Partners LP 5.88%, 8/20/2026		2,248,000		2,294,432

Suburban Propane Partners LP

5.00%, 6/1/2031 (a)		955,000		907,250

Superior Plus LP (Canada)

4.50%, 3/15/2029 (a)		557,000		531,239


				3,732,921


Health Care Equipment & Supplies — 0.6%

Avantor Funding, Inc.

4.63%, 7/15/2028 (a)		2,508,000		2,545,620

Hologic, Inc.

3.25%, 2/15/2029 (a)		1,679,000		1,590,853

Mozart Debt Merger Sub, Inc.

3.88%, 4/1/2029 (a)		2,500,000		2,372,087

5.25%, 10/1/2029 (a)		1,500,000		1,432,500


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Health Care Equipment & Supplies — continued

Teleflex, Inc.

4.25%, 6/1/2028 (a)		1,157,000		1,142,538


				9,083,598


Health Care Providers & Services — 6.3%

Acadia Healthcare Co., Inc.

5.50%, 7/1/2028 (a)		1,158,000		1,160,895

AdaptHealth LLC 4.63%, 8/1/2029 (a)		1,200,000		1,082,586

Centene Corp.

4.25%, 12/15/2027		5,796,000		5,933,075

4.63%, 12/15/2029		10,052,000		10,353,560

3.38%, 2/15/2030		2,870,000		2,753,679

2.50%, 3/1/2031		5,945,000		5,473,829

Community Health Systems, Inc.

8.00%, 3/15/2026 (a)		2,269,000		2,354,088

5.63%, 3/15/2027 (a)		5,984,000		6,033,069

6.88%, 4/15/2029 (a)		2,842,000		2,755,887

DaVita, Inc.

4.63%, 6/1/2030 (a)		3,655,000		3,504,231

3.75%, 2/15/2031 (a)		2,402,000		2,194,828

Encompass Health Corp.

4.50%, 2/1/2028		1,435,000		1,397,009

4.75%, 2/1/2030		2,528,000		2,413,987

Envision Healthcare Corp.

8.75%, 10/15/2026 (a)		770,000		408,100

HCA, Inc.

5.38%, 9/1/2026		2,866,000		3,083,802

5.63%, 9/1/2028		7,077,000		7,841,457

5.88%, 2/1/2029		5,080,000		5,676,900

Legacy LifePoint Health LLC

4.38%, 2/15/2027 (a)		1,039,000		984,453

MEDNAX, Inc. 5.38%, 2/15/2030 (a)		500,000		497,500

Molina Healthcare, Inc.

4.38%, 6/15/2028 (a)		2,635,000		2,631,706

Radiology Partners, Inc.

9.25%, 2/1/2028 (a)		1,409,000		1,405,478

RegionalCare Hospital Partners Holdings, Inc. 9.75%, 12/1/2026 (a)		1,028,000		1,078,259

RP Escrow Issuer LLC

5.25%, 12/15/2025 (a)		943,000		921,782

Select Medical Corp. 6.25%, 8/15/2026 (a)		859,000		870,274

Surgery Center Holdings, Inc.

6.75%, 7/1/2025 (a)		900,000		895,500


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Health Care Providers & Services — continued

Tenet Healthcare Corp.

6.25%, 2/1/2027 (a)		3,413,000		3,510,100

5.13%, 11/1/2027 (a)		10,791,000		10,999,266

4.63%, 6/15/2028 (a)		955,000		935,900

6.13%, 10/1/2028 (a)		1,435,000		1,453,655

6.88%, 11/15/2031		1,412,000		1,507,635


				92,112,490


Health Care Technology — 0.2%

IQVIA, Inc. 5.00%, 5/15/2027 (a)		2,576,000		2,635,068


Hotels, Restaurants & Leisure — 8.1%

1011778 BC ULC (Canada)

3.88%, 1/15/2028 (a)		5,217,000		5,073,532

4.38%, 1/15/2028 (a)		4,295,000		4,214,469

Bloomin’ Brands, Inc. 5.13%, 4/15/2029 (a)		500,000		488,735

Boyd Gaming Corp. 4.75%, 12/1/2027		3,766,000		3,780,782

Caesars Entertainment, Inc.

8.13%, 7/1/2027 (a)		4,696,000		5,062,194

4.63%, 10/15/2029 (a)		2,810,000		2,665,988

Caesars Resort Collection LLC

5.75%, 7/1/2025 (a)		3,148,000		3,228,069

Carnival Corp. 5.75%, 3/1/2027 (a)		3,423,000		3,334,019

9.88%, 8/1/2027 (a)		7,461,000		8,374,973

Cedar Fair LP

5.50%, 5/1/2025 (a)		3,127,000		3,214,149

5.25%, 7/15/2029		1,303,000		1,301,417

Churchill Downs, Inc. 5.50%, 4/1/2027 (a)		1,098,000		1,113,647

Hilton Domestic Operating Co., Inc.

5.75%, 5/1/2028(a)		1,375,000		1,436,875

4.88%, 1/15/2030		4,545,000		4,675,623

Hilton Grand Vacations Borrower Escrow LLC 5.00%, 6/1/2029 (a)		943,000		924,140

Hilton Worldwide Finance LLC

4.88%, 4/1/2027		3,279,000		3,348,679

International Game Technology plc

6.50%, 2/15/2025 (a)		2,330,000		2,475,625

5.25%, 1/15/2029 (a)		2,270,000		2,315,445

IRB Holding Corp. 7.00%, 6/15/2025 (a)		1,958,000		2,045,728

Life Time, Inc.

5.75%, 1/15/2026 (a)		925,000		920,375

8.00%, 4/15/2026 (a)		500,000		498,790

Marriott Ownership Resorts, Inc.

6.13%, 9/15/2025 (a)		315,000		325,238

4.75%, 1/15/2028		1,436,000		1,403,295


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Hotels, Restaurants & Leisure — continued

Melco Resorts Finance Ltd. (Hong Kong)

5.75%, 7/21/2028 (a)		750,000		674,438

5.38%, 12/4/2029 (a)		750,000		648,450

MGM China Holdings Ltd. (Macau)

5.88%, 5/15/2026 (a)		2,250,000		2,150,578

MGM Resorts International

5.50%, 4/15/2027		3,128,000		3,227,940

Midwest Gaming Borrower LLC

4.88%, 5/1/2029 (a)		1,375,000		1,340,625

Peninsula Pacific Entertainment LLC

8.50%, 11/15/2027 (a)		700,000		775,026

Penn National Gaming, Inc.

4.13%, 7/1/2029 (a)		1,200,000		1,110,000

Premier Entertainment Sub LLC

5.63%, 9/1/2029 (a)		1,405,000		1,274,377

Royal Caribbean Cruises Ltd.

11.50%, 6/1/2025 (a)		4,214,000		4,655,206

5.50%, 8/31/2026 (a)		2,444,000		2,432,452

Scientific Games International, Inc.

5.00%, 10/15/2025 (a)		3,333,000		3,366,330

8.25%, 3/15/2026 (a)		1,385,000		1,446,633

7.25%, 11/15/2029 (a)		925,000		982,812

Six Flags Entertainment Corp.

5.50%, 4/15/2027 (a)		939,000		947,014

Six Flags Theme Parks, Inc.

7.00%, 7/1/2025 (a)		2,242,000		2,341,623

Station Casinos LLC 4.50%, 2/15/2028(a)		1,709,000		1,642,776

Travel + Leisure Co.

6.63%, 7/31/2026 (a)		925,000		987,437

6.00%, 4/1/2027 (e)		832,000		867,660

Vail Resorts, Inc. 6.25%, 5/15/2025 (a)		859,000		884,770

Viking Cruises Ltd. 5.88%, 9/15/2027 (a)		1,405,000		1,310,148

VOC Escrow Ltd. 5.00%, 2/15/2028 (a)		1,411,000		1,343,978

Wyndham Hotels & Resorts, Inc.

4.38%, 8/15/2028 (a)		925,000		911,125

Wynn Las Vegas LLC 5.50%, 3/1/2025 (a)		4,348,000		4,409,676

Wynn Macau Ltd. (Macau)

4.88%, 10/1/2024 (a)		1,000,000		923,937

5.63%, 8/26/2028 (a)		3,250,000		2,802,475

Wynn Resorts Finance LLC

5.13%, 10/1/2029 (a)		1,982,000		1,907,675

Yum! Brands, Inc.

4.75%, 1/15/2030 (a)		8,619,000		8,748,285

6.88%, 11/15/2037		820,000		934,800


				117,270,033


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Household Durables — 0.9%

Beazer Homes USA, Inc.

5.88%, 10/15/2027		900,000		893,250

Brookfield Residential Properties, Inc. (Canada)

6.25%, 9/15/2027 (a)		943,000		945,358

CD&R Smokey Buyer, Inc.

6.75%, 7/15/2025 (a)		1,000,000		1,032,500

KB Home

4.80%, 11/15/2029		925,000		924,306

M/I Homes, Inc.

4.95%, 2/1/2028		556,000		543,490

Mattamy Group Corp. (Canada)

5.25%, 12/15/2027 (a)		1,000,000		1,003,750

Meritage Homes Corp.

5.13%, 6/6/2027		811,000		841,413

Newell Brands, Inc.

4.70%, 4/1/2026 (e)		1,675,000		1,733,935

6.00%, 4/1/2046 (e)		1,693,000		1,892,655

Taylor Morrison Communities, Inc.

5.88%, 6/15/2027 (a)		1,095,000		1,148,173

Tempur Sealy International, Inc.

4.00%, 4/15/2029 (a)		100,000		94,242

Tri Pointe Homes, Inc.

5.70%, 6/15/2028		943,000		950,077

Williams Scotsman International, Inc.

4.63%, 8/15/2028 (a)		943,000		930,034


				12,933,183


Household Products — 0.4%

Central Garden & Pet Co.

5.13%, 2/1/2028		552,000		562,350

4.13%, 10/15/2030		587,000		557,533

Energizer Holdings, Inc. 4.75%, 6/15/2028 (a)		2,189,000		2,068,605

Spectrum Brands, Inc. 5.50%, 7/15/2030 (a)		2,523,000		2,510,385


				5,698,873


Independent Power and Renewable Electricity Producers — 0.5%

Calpine Corp.

4.50%, 2/15/2028 (a)		3,909,000		3,814,715

5.13%, 3/15/2028 (a)		1,405,000		1,353,907

Clearway Energy Operating LLC

4.75%, 3/15/2028 (a)		823,000		827,234

3.75%, 2/15/2031 (a)		1,425,000		1,325,742


				7,321,598


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Insurance — 0.6%

Alliant Holdings Intermediate LLC

4.25%, 10/15/2027 (a)		943,000		909,995

6.75%, 10/15/2027 (a)		1,868,000		1,825,970

AmWINS Group, Inc. 4.88%, 6/30/2029 (a)		979,000		932,497

HUB International Ltd.

7.00%, 5/1/2026 (a)		2,011,000		2,024,474

5.63%, 12/1/2029 (a)		679,000		645,050

NFP Corp.

4.88%, 8/15/2028 (a)		955,000		921,408

6.88%, 8/15/2028 (a)		2,281,000		2,120,760


				9,380,154


Interactive Media & Services — 0.1%

Rackspace Technology Global, Inc.

3.50%, 2/15/2028 (a)		454,000		412,005

5.38%, 12/1/2028 (a)		454,000		407,465

TripAdvisor, Inc. 7.00%, 7/15/2025 (a)		725,000		750,375


				1,569,845


Internet & Direct Marketing Retail — 0.4%

ANGI Group LLC 3.88%, 8/15/2028 (a)		700,000		621,250

Go Daddy Operating Co. LLC 5.25%, 12/1/2027 (a)		857,000		871,998

Match Group Holdings II LLC 4.63%, 6/1/2028 (a)		574,000		575,728

Millennium Escrow Corp. 6.63%, 8/1/2026 (a)		1,425,000		1,378,687

Photo Holdings Merger Sub, Inc. 8.50%, 10/1/2026 (a)		709,000		704,037

QVC, Inc. 4.75%, 2/15/2027		2,060,000		1,936,400


				6,088,100


IT Services — 0.8%

Ahead DB Holdings LLC 6.63%, 5/1/2028 (a)		925,000		869,500

Arches Buyer, Inc.

4.25%, 6/1/2028 (a)		1,472,000		1,393,984

6.13%, 12/1/2028 (a)		655,000		615,700

Black Knight InfoServ LLC 3.63%, 9/1/2028 (a)		861,000		815,049

Block, Inc. 3.50%, 6/1/2031 (a)		1,000,000		939,040

Booz Allen Hamilton, Inc. 3.88%, 9/1/2028 (a)		1,793,000		1,755,042

Conduent Business Services LLC 6.00%, 11/1/2029 (a)		1,250,000		1,190,625

Gartner, Inc. 4.50%, 7/1/2028 (a)		1,958,000		1,983,513


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

IT Services — continued

Presidio Holdings, Inc.

4.88%, 2/1/2027 (a)		748,000		746,130

8.25%, 2/1/2028 (a)		1,133,000		1,160,645


				11,469,228


Leisure Products — 0.2%

Mattel, Inc.

5.88%, 12/15/2027 (a)		952,000		1,009,120

5.45%, 11/1/2041		978,000		1,080,005

Vista Outdoor, Inc. 4.50%, 3/15/2029 (a)		600,000		562,500


				2,651,625


Life Sciences Tools & Services — 0.1%

Charles River Laboratories International, Inc. 3.75%, 3/15/2029 (a)		1,000,000		961,200


Machinery — 0.7%

EnPro Industries, Inc. 5.75%, 10/15/2026		500,000		518,743

Hillenbrand, Inc. 3.75%, 3/1/2031		1,888,000		1,802,294

Mueller Water Products, Inc. 4.00%, 6/15/2029 (a)		700,000		668,402

Roller Bearing Co. of America, Inc. 4.38%, 10/15/2029 (a)		500,000		482,500

Terex Corp. 5.00%, 5/15/2029 (a)		850,000		841,696

Titan Acquisition Ltd. (Canada) 7.75%, 4/15/2026 (a)		1,488,000		1,458,240

TK Elevator Holdco GmbH (Germany) 7.63%, 7/15/2028 (a)		500,000		508,750

TK Elevator US Newco, Inc. (Germany) 5.25%, 7/15/2027 (a)		3,000,000		2,970,000

Wabash National Corp.

4.50%, 10/15/2028 (a)		594,000		563,379


				9,814,004


Media — 7.3%

Altice Financing SA (Luxembourg)

5.00%, 1/15/2028 (a)		1,250,000		1,126,338

5.75%, 8/15/2029 (a)		1,750,000		1,594,687

AMC Networks, Inc.

5.00%, 4/1/2024		313,000		312,684

4.75%, 8/1/2025		943,000		941,246

4.25%, 2/15/2029		943,000		882,884

Block Communications, Inc. 4.88%, 3/1/2028 (a)		300,000		291,750

Cable One, Inc. 4.00%, 11/15/2030(a)		750,000		693,735


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Media — continued

Clear Channel Outdoor Holdings, Inc 5.13%, 8/15/2027 (a)		2,662,000		2,659,604

Clear Channel Outdoor Holdings, Inc. 7.50%, 6/1/2029 (a)		3,397,000		3,530,027

CSC Holdings LLC

5.50%, 4/15/2027 (a)		500,000		498,750

7.50%, 4/1/2028 (a)		2,000,000		1,997,040

6.50%, 2/1/2029 (a)		8,500,000		8,606,250

5.75%, 1/15/2030 (a)		2,500,000		2,210,600

3.38%, 2/15/2031 (a)		3,050,000		2,598,257

Directv Financing LLC 5.88%, 8/15/2027 (a)		4,180,000		4,178,579

DISH DBS Corp.

5.88%, 11/15/2024		6,691,000		6,691,000

7.75%, 7/1/2026		2,261,000		2,289,692

5.25%, 12/1/2026 (a)		1,923,000		1,885,141

7.38%, 7/1/2028		1,375,000		1,302,015

5.75%, 12/1/2028 (a)		1,445,000		1,381,781

5.13%, 6/1/2029		943,000		795,657

Gannett Holdings LLC 6.00%, 11/1/2026 (a)		450,000		447,750

Gray Television, Inc.

7.00%, 5/15/2027 (a)		2,252,000		2,368,563

4.75%, 10/15/2030 (a)		3,682,000		3,452,630

iHeartCommunications, Inc.

6.38%, 5/1/2026		3,023,999		3,118,499

8.38%, 5/1/2027		2,731,425		2,845,298

Lamar Media Corp.

3.75%, 2/15/2028		952,000		914,667

4.00%, 2/15/2030		712,000		685,318

LCPR Senior Secured Financing DAC 6.75%, 10/15/2027 (a)		2,613,000		2,699,817

Liberty Interactive LLC 8.25%, 2/1/2030		925,000		906,500

McGraw-Hill Education, Inc.

5.75%, 8/1/2028 (a)		712,000		675,795

8.00%, 8/1/2029 (a)		462,000		422,979

Midas OpCo Holdings LLC 5.63%, 8/15/2029 (a)		1,636,000		1,603,280

News Corp. 3.88%, 5/15/2029 (a)		2,100,000		2,010,750

Nexstar Media, Inc. 5.63%, 7/15/2027 (a)		1,810,000		1,850,725

4.75%, 11/1/2028 (a)		1,183,000		1,147,510

Outfront Media Capital LLC

5.00%, 8/15/2027 (a)		1,520,000		1,506,320

4.25%, 1/15/2029(a)		967,000		922,344


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Media — continued

Radiate Holdco LLC

4.50%, 9/15/2026 (a)		968,000		924,919

6.50%, 9/15/2028 (a)		468,000		444,600

Scripps Escrow II, Inc. 3.88%, 1/15/2029 (a)		890,000		834,055

Scripps Escrow, Inc. 5.88%, 7/15/2027 (a)		1,545,000		1,541,995

Sinclair Television Group, Inc.

5.50%, 3/1/2030 (a)		1,791,000		1,571,602

4.13%, 12/1/2030 (a)		943,000		844,268

Sirius XM Radio, Inc.

5.00%, 8/1/2027 (a)		2,807,000		2,844,993

5.50%, 7/1/2029 (a)		5,008,000		5,120,680

4.13%, 7/1/2030 (a)		4,331,000		4,093,748

3.88%, 9/1/2031 (a)		1,425,000		1,312,809

Summer BC Bidco B LLC 5.50%, 10/31/2026 (a)		600,000		579,000

TEGNA, Inc. 5.00%, 9/15/2029		4,187,000		4,175,486

Univision Communications, Inc.

5.13%, 2/15/2025 (a)		1,361,000		1,369,702

6.63%, 6/1/2027 (a)		1,434,000		1,491,360

4.50%, 5/1/2029 (a)		1,206,000		1,154,365

UPC Holding BV (Netherlands) 5.50%, 1/15/2028 (a)		1,500,000		1,492,500

Urban One, Inc. 7.38%, 2/1/2028 (a)		750,000		746,250

Ziggo Bond Co. BV (Netherlands) 5.13%, 2/28/2030 (a)		1,250,000		1,165,625

Ziggo BV (Netherlands) 4.88%, 1/15/2030 (a)		1,000,000		960,180


				106,714,599


Metals & Mining — 2.0%

Alcoa Nederland Holding BV 6.13%, 5/15/2028 (a)		1,750,000		1,841,875

Allegheny Technologies, Inc. 5.88%, 12/1/2027		2,525,000		2,576,762

Arconic Corp. 6.13%, 2/15/2028 (a)		2,942,000		3,008,195

Big River Steel LLC 6.63%, 1/31/2029 (a)		1,036,000		1,082,620

Carpenter Technology Corp. 6.38%, 7/15/2028		1,435,000		1,447,556

Cleveland-Cliffs, Inc.

9.88%, 10/17/2025 (a)		1,613,000		1,790,430

5.88%, 6/1/2027		1,340,000		1,380,334

4.63%, 3/1/2029 (a)		2,491,000		2,403,815

4.88%, 3/1/2031 (a)		943,000		920,745

Constellium SE 5.63%, 6/15/2028 (a)		2,000,000		2,013,960


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Metals & Mining — continued

ERO Copper Corp. (Brazil) 6.50%, 2/15/2030 (a)		742,000		717,974

FMG Resources August 2006 Pty. Ltd. (Australia) 5.13%, 5/15/2024 (a)		811,000		833,481

4.50%, 9/15/2027 (a)		1,296,000		1,299,655

Kaiser Aluminum Corp. 4.63%, 3/1/2028 (a)		949,000		896,112

4.50%, 6/1/2031 (a)		949,000		854,689

Novelis Corp. 4.75%, 1/30/2030 (a)		5,533,000		5,414,151

United States Steel Corp. 6.88%, 3/1/2029		1,000,000		1,027,450


				29,509,804


Multiline Retail — 0.3%

NMG Holding Co., Inc. 7.13%, 4/1/2026 (a)		1,848,000		1,903,440

Nordstrom, Inc. 4.38%, 4/1/2030		1,696,000		1,557,267

5.00%, 1/15/2044		955,000		840,400


				4,301,107


Oil, Gas & Consumable Fuels — 11.8%

Antero Midstream Partners LP 5.75%, 3/1/2027 (a)		2,217,000		2,258,103

5.75%, 1/15/2028 (a)		2,769,000		2,810,535

Antero Resources Corp. 8.38%, 7/15/2026 (a)		3,011,000		3,304,573

7.63%, 2/1/2029 (a)		1,036,000		1,121,501

Apache Corp. 4.38%, 10/15/2028		1,174,000		1,188,675

5.10%, 9/1/2040		4,226,000		4,226,423

Baytex Energy Corp. (Canada) 8.75%, 4/1/2027 (a)		1,429,000		1,531,767

Blue Racer Midstream LLC 7.63%, 12/15/2025 (a)		934,000		981,867

Buckeye Partners LP 3.95%, 12/1/2026		418,000		403,370

4.50%, 3/1/2028 (a)		4,059,000		3,856,050

California Resources Corp. 7.13%, 2/1/2026 (a)		1,012,000		1,052,480

Cheniere Energy Partners LP 4.50%, 10/1/2029		9,380,000		9,560,096

Chesapeake Energy Corp. 5.50%, 2/1/2026 (a)		1,920,000		1,973,165

6.75%, 4/15/2029 (a)		1,705,000		1,802,526

CNX Resources Corp. 7.25%, 3/14/2027 (a)		943,000		996,147

Comstock Resources, Inc. 6.75%, 3/1/2029 (a)		4,307,000		4,382,588


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Oil, Gas & Consumable Fuels — continued

CQP Holdco LP 5.50%, 6/15/2031 (a)		1,250,000		1,243,750

Crestwood Midstream Partners LP 5.63%, 5/1/2027 (a)		2,811,000		2,789,918

CrownRock LP 5.00%, 5/1/2029 (a)		943,000		959,502

DCP Midstream Operating LP

5.38%, 7/15/2025		954,000		1,010,386

5.13%, 5/15/2029		3,325,000		3,499,563

DT Midstream, Inc. 4.13%, 6/15/2029 (a)		3,726,000		3,595,590

Encino Acquisition Partners Holdings LLC 8.50%, 5/1/2028 (a)		1,387,000		1,404,337

Endeavor Energy Resources LP

6.63%, 7/15/2025 (a)		672,000		702,300

5.75%, 1/30/2028 (a)		462,000		478,489

EnLink Midstream Partners LP

4.15%, 6/1/2025		1,429,000		1,430,786

5.45%, 6/1/2047		1,429,000		1,211,078

EQM Midstream Partners LP

4.00%, 8/1/2024		2,305,000		2,258,900

6.00%, 7/1/2025 (a)		943,000		961,860

5.50%, 7/15/2028		4,517,000		4,434,610

4.50%, 1/15/2029 (a)		1,420,000		1,325,925

6.50%, 7/15/2048		1,704,000		1,661,400

EQT Corp. 3.90%, 10/1/2027		4,764,000		4,814,951

Genesis Energy LP

6.50%, 10/1/2025		943,000		930,246

8.00%, 1/15/2027		1,636,000		1,653,759

Gulfport Energy Corp. 8.00%, 5/17/2026		951,057		1,005,743

Hess Infrastructure Partners LP 5.63%, 2/15/2026 (a)		25,000		25,625

Hess Midstream Operations LP

5.63%, 2/15/2026 (a)		585,000		599,625

5.13%, 6/15/2028 (a)		1,046,000		1,068,316

Hilcorp Energy I LP 6.00%, 2/1/2031 (a)		1,500,000		1,519,125

Holly Energy Partners LP 5.00%, 2/1/2028 (a)		955,000		912,025

ITT Holdings LLC 6.50%, 8/1/2029 (a)		934,000		875,625

Laredo Petroleum, Inc. 10.13%, 1/15/2028		943,000		997,223

MEG Energy Corp. (Canada) 7.13%, 2/1/2027 (a)		1,387,000		1,446,849

Murphy Oil Corp.

5.75%, 8/15/2025		1,649,000		1,679,919

6.37%, 12/1/2042 (e)		731,000		685,312


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Oil, Gas & Consumable Fuels — continued

New Fortress Energy, Inc. 6.75%, 9/15/2025 (a)		1,868,000		1,795,596

NGL Energy Operating LLC 7.50%, 2/1/2026 (a)		2,810,000		2,821,591

NuStar Logistics LP

6.00%, 6/1/2026		905,000		919,480

5.63%, 4/28/2027		3,056,000		3,058,735

Occidental Petroleum Corp.

5.88%, 9/1/2025		1,340,000		1,437,150

3.40%, 4/15/2026		6,070,000		6,070,000

3.50%, 8/15/2029		3,073,000		3,057,635

6.45%, 9/15/2036		8,684,000		10,225,410

4.20%, 3/15/2048		2,405,000		2,248,675

PBF Holding Co. LLC 9.25%, 5/15/2025 (a)		979,000		996,132

PDC Energy, Inc.

6.13%, 9/15/2024		454,000		457,405

5.75%, 5/15/2026		478,000		485,170

Range Resources Corp.

8.25%, 1/15/2029		2,758,000		3,022,272

4.75%, 2/15/2030 (a)		1,000,000		978,750

Rockcliff Energy II LLC 5.50%, 10/15/2029(a)		500,000		495,625

Rockies Express Pipeline LLC

4.95%, 7/15/2029 (a)		1,302,000		1,259,685

6.88%, 4/15/2040 (a)		574,000		585,480

SM Energy Co. 6.75%, 9/15/2026		2,005,000		2,025,050

Southwestern Energy Co.

7.75%, 10/1/2027		562,000		592,910

8.38%, 9/15/2028		1,160,000		1,265,850

5.38%, 3/15/2030		1,945,000		2,008,212

Summit Midstream Holdings LLC 8.50%, 10/15/2026 (a)		1,553,000		1,537,470

Sunoco LP

6.00%, 4/15/2027		650,000		670,956

4.50%, 4/30/2030 (a)		1,850,000		1,766,898

Tallgrass Energy Partners LP 5.50%, 1/15/2028 (a)		5,455,000		5,257,256

Targa Resources Partners LP

5.88%, 4/15/2026		2,638,000		2,723,735

6.88%, 1/15/2029		6,201,000		6,749,231

5.50%, 3/1/2030		3,994,000		4,228,847

Venture Global Calcasieu Pass LLC 3.88%, 8/15/2029 (a)		1,405,000		1,375,425

Viper Energy Partners LP 5.38%, 11/1/2027 (a)		500,000		513,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Oil, Gas & Consumable Fuels — continued

Western Midstream Operating LP

4.75%, 8/15/2028		5,198,000		5,379,930

4.55%, 2/1/2030 (e)		2,368,000		2,435,630

5.45%, 4/1/2044		3,291,000		3,373,275

5.30%, 3/1/2048		720,000		741,600


				171,192,669


Paper & Forest Products — 0.1%

Glatfelter Corp. 4.75%, 11/15/2029 (a)		486,000		461,272

Louisiana-Pacific Corp. 3.63%, 3/15/2029 (a)		500,000		468,200


				929,472


Personal Products — 0.4%

Coty, Inc.

5.00%, 4/15/2026 (a)		1,405,000		1,413,556

6.50%, 4/15/2026 (a)		488,000		498,004

4.75%, 1/15/2029 (a)		478,000		464,855

Edgewell Personal Care Co. 5.50%, 6/1/2028 (a)		1,886,000		1,895,430

Herbalife Nutrition Ltd. 7.88%, 9/1/2025 (a)		1,000,000		1,048,640

Prestige Brands, Inc. 5.13%, 1/15/2028 (a)		684,000		684,855


				6,005,340


Pharmaceuticals — 3.0%

Bausch Health Americas, Inc. 8.50%, 1/31/2027(a)		6,285,000		6,360,546

Bausch Health Cos., Inc. 6.13%, 4/15/2025 (a)		4,956,000		4,980,780

5.00%, 1/30/2028 (a)		7,337,000		6,144,738

7.25%, 5/30/2029 (a)		8,073,000		7,063,552

Catalent Pharma Solutions, Inc. 5.00%, 7/15/2027 (a)		1,421,000		1,451,992

3.13%, 2/15/2029 (a)		967,000		895,684

Elanco Animal Health, Inc. 6.40%, 8/28/2028 (e)		1,100,000		1,188,330

Endo Dac 9.50%, 7/31/2027 (a)		1,164,000		1,134,900

Endo Luxembourg Finance Co. I SARL 6.13%, 4/1/2029 (a)		967,000		908,980

Jazz Securities DAC 4.38%, 1/15/2029 (a)		1,800,000		1,782,828

Organon & Co. 4.13%, 4/30/2028 (a)		2,500,000		2,459,025

5.13%, 4/30/2031 (a)		2,500,000		2,495,675

Par Pharmaceutical, Inc. 7.50%, 4/1/2027 (a)		4,523,000		4,530,440


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pharmaceuticals — continued

Perrigo Finance Unlimited Co. 3.90%, 6/15/2030 (e)		2,500,000		2,292,579


				43,690,049


Professional Services — 0.0% (d)

Science Applications International Corp. 4.88%, 4/1/2028 (a)		836,000		815,760


Real Estate Management & Development — 0.3%

Kennedy-Wilson, Inc. 4.75%, 3/1/2029		1,886,000		1,842,037

5.00%, 3/1/2031		472,000		457,994

Realogy Group LLC 5.75%, 1/15/2029 (a)		2,000,000		1,977,500


				4,277,531


Road & Rail — 0.8%

Avis Budget Car Rental LLC

5.75%, 7/15/2027 (a)		1,900,000		1,915,238

5.38%, 3/1/2029 (a)		674,000		663,034

First Student Bidco, Inc. 4.00%, 7/31/2029 (a)		1,129,000		1,066,897

Hertz Corp. (The) 4.63%, 12/1/2026 (a)		732,000		697,230

5.00%, 12/1/2029 (a)		1,458,000		1,360,022

NESCO Holdings II, Inc. 5.50%, 4/15/2029 (a)		1,622,000		1,559,148

Uber Technologies, Inc. 6.25%, 1/15/2028 (a)		2,579,000		2,631,534

XPO Logistics, Inc. 6.25%, 5/1/2025 (a)		1,693,000		1,755,844


				11,648,947


Semiconductors & Semiconductor Equipment — 0.2%

ams-OSRAM AG (Austria) 7.00%, 7/31/2025 (a)		1,000,000		1,036,370

Entegris, Inc. 4.38%, 4/15/2028(a)		851,000		833,980

3.63%, 5/1/2029 (a)		462,000		433,125

ON Semiconductor Corp. 3.88%, 9/1/2028 (a)		676,000		670,085


				2,973,560


Software — 1.5%

CDK Global, Inc. 5.25%, 5/15/2029 (a)		1,425,000		1,460,625

Clarivate Science Holdings Corp.

3.88%, 7/1/2028 (a)		1,617,000		1,528,065

4.88%, 7/1/2029 (a)		1,617,000		1,522,664

Fair Isaac Corp.

5.25%, 5/15/2026 (a)		827,000		877,654

4.00%, 6/15/2028 (a)		559,000		548,519


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Software — continued

LogMeIn, Inc. 5.50%, 9/1/2027 (a)		700,000		665,644

Minerva Merger Sub, Inc. 6.50%, 2/15/2030 (a)		2,750,000		2,647,480

NCR Corp.

5.75%, 9/1/2027 (a)		1,886,000		1,913,818

6.13%, 9/1/2029 (a)		4,081,000		4,235,262

Open Text Corp. (Canada) 3.88%, 2/15/2028 (a)		811,000		785,251

Open Text Holdings, Inc. (Canada) 4.13%, 2/15/2030 (a)		811,000		776,532

PTC, Inc. 4.00%, 2/15/2028 (a)		943,000		921,783

SS&C Technologies, Inc. 5.50%, 9/30/2027 (a)		3,753,000		3,857,183


				21,740,480


Specialty Retail — 2.0%

Asbury Automotive Group, Inc.

4.50%, 3/1/2028		1,405,000		1,380,876

4.63%, 11/15/2029 (a)		1,923,000		1,874,925

Bath & Body Works, Inc.

7.50%, 6/15/2029		2,038,000		2,233,403

6.88%, 11/1/2035		4,826,000		5,333,840

Gap, Inc. (The) 3.63%, 10/1/2029 (a)		2,392,000		2,165,956

Lithia Motors, Inc.

4.63%, 12/15/2027 (a)		1,375,000		1,405,937

3.88%, 6/1/2029 (a)		943,000		930,628

LSF9 Atlantis Holdings LLC 7.75%, 2/15/2026 (a)		1,050,000		1,010,625

Michaels Cos., Inc. (The) 5.25%, 5/1/2028 (a)		925,000		864,875

PetSmart, Inc.

4.75%, 2/15/2028 (a)		2,000,000		1,995,000

7.75%, 2/15/2029 (a)		1,700,000		1,787,125

SRS Distribution, Inc.

4.63%, 7/1/2028 (a)		1,150,000		1,102,563

6.13%, 7/1/2029 (a)		1,431,000		1,367,263

Staples, Inc.

7.50%, 4/15/2026 (a)		3,157,000		3,121,326

10.75%, 4/15/2027 (a)		1,697,000		1,580,535

White Cap Buyer LLC 6.88%, 10/15/2028 (a)		1,390,000		1,383,050


				29,537,927


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Technology Hardware, Storage & Peripherals — 0.4%

Diebold Nixdorf, Inc. 9.38%, 7/15/2025 (a)		904,000		935,884

Seagate HDD Cayman

4.88%, 6/1/2027		2,246,000		2,307,765

4.13%, 1/15/2031		1,465,000		1,386,403

Xerox Corp. 6.75%, 12/15/2039		574,000		574,000

Xerox Holdings Corp.

5.00%, 8/15/2025 (a)		574,000		583,261

5.50%, 8/15/2028 (a)		574,000		572,565


				6,359,878


Textiles, Apparel & Luxury Goods — 0.2%

G-III Apparel Group Ltd. 7.88%, 8/15/2025 (a)		500,000		526,875

Hanesbrands, Inc.

4.63%, 5/15/2024 (a)		559,000		566,686

4.88%, 5/15/2026(a)		529,000		538,697

William Carter Co. (The)

5.63%, 3/15/2027(a)		1,108,000		1,128,775


				2,761,033


Thrifts & Mortgage Finance — 1.8%

Ladder Capital Finance Holdings LLLP

REIT, 4.25%, 2/1/2027(a)		4,818,000		4,691,528

Nationstar Mortgage Holdings, Inc. 5.50%, 8/15/2028(a)		7,044,000		7,026,390

PennyMac Financial Services, Inc. 5.75%, 9/15/2031(a)		1,886,000		1,777,555

Radian Group, Inc. 4.88%, 3/15/2027		1,951,000		2,014,407

Rocket Mortgage LLC

2.88%, 10/15/2026 (a)		4,010,000		3,767,475

3.88%, 3/1/2031 (a)		2,945,000		2,757,256

4.00%, 10/15/2033 (a)		4,010,000		3,732,308


				25,766,919


Tobacco — 0.1%

Vector Group Ltd. 5.75%, 2/1/2029 (a)		1,000,000		922,500


Trading Companies & Distributors — 1.6%

Beacon Roofing Supply, Inc. 4.50%, 11/15/2026 (a)		790,000		792,196

H&E Equipment Services, Inc. 3.88%, 12/15/2028 (a)		2,230,000		2,086,812

Herc Holdings, Inc. 5.50%, 7/15/2027 (a)		1,898,000		1,945,450

Imola Merger Corp. 4.75%, 5/15/2029 (a)		3,927,000		3,808,405


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Trading Companies & Distributors — continued

United Rentals North America, Inc.

4.88%, 1/15/2028		4,450,000		4,541,625

5.25%, 1/15/2030		4,600,000		4,784,000

WESCO Distribution, Inc.

7.13%, 6/15/2025 (a)		2,171,000		2,273,602

7.25%, 6/15/2028 (a)		3,291,000		3,533,415


				23,765,505


Wireless Telecommunication Services — 1.1%

Connect Finco SARL (United Kingdom) 6.75%, 10/1/2026 (a)		1,612,000		1,632,150

Hughes Satellite Systems Corp. 6.63%, 8/1/2026		1,331,000		1,386,290

Sprint Corp. 7.13%, 6/15/2024		975,000		1,054,228

T-Mobile USA, Inc.

2.88%, 2/15/2031		3,642,000		3,417,362

3.50%, 4/15/2031		1,886,000		1,856,512

United States Cellular Corp. 6.70%, 12/15/2033		500,000		545,000

Vmed O2 UK Financing I plc (United Kingdom) 4.25%, 1/31/2031 (a)		2,000,000		1,840,000

Vodafone Group plc (United Kingdom)

(USD Swap Semi 5 Year + 4.87%), 7.00%, 4/4/2079 (c)		2,890,000		3,207,900

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.07%), 5.12%, 6/4/2081 (c)		738,000		658,665


				15,598,107


Total Corporate Bonds (Cost $1,458,603,704)				1,401,551,089

	SHARES

Short-term Investments — 1.4%

Investment Companies — 1.4%

JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03%(f)(g)(Cost $20,697,667)		20,697,667		20,697,667


Total Investments — 97.8% (Cost $1,479,301,371)				1,422,248,756

Other Assets Less Liabilities — 2.2%				31,310,008


NET ASSETS — 100.0%				1,453,558,764

Percentages indicated are based on net assets.

Abbreviations


OYJ		Public Limited Company
REIT		Real Estate Investment Trust
SCA		Limited partnership with share capital
SOFR		Secured Overnight Financing Rate
USD		United States Dollar
(a)		Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended.
(b)		Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed.
(c)		Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of February 28, 2022.
(d)		Amount rounds to less than 0.1% of net assets.
(e)		Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown is the current rate as of February 28, 2022.
(f)		Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.
(g)		The rate shown is the current yield as of February 28, 2022.


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — 37.0%

Aerospace & Defense — 0.2%

Boeing Co. (The) 3.20%, 3/1/2029		200,000		197,727

BWX Technologies, Inc. 4.13%, 6/30/2028 (a)		80,000		77,600


				275,327


Airlines — 0.1%

American Airlines, Inc. 5.50%, 4/20/2026 (a)		160,000		163,766


Auto Components — 0.9%

Allison Transmission, Inc. 5.88%, 6/1/2029 (a)		315,000		330,388

American Axle & Manufacturing, Inc.

6.50%, 4/1/2027		255,000		260,738

5.00%, 10/1/2029		50,000		47,415

Clarios Global LP

6.75%, 5/15/2025 (a)		25,000		25,943

6.25%, 5/15/2026 (a)		205,000		212,060

8.50%, 5/15/2027 (a)		20,000		20,850

Dornoch Debt Merger Sub, Inc. 6.63%, 10/15/2029 (a)		80,000		74,200

Goodyear Tire & Rubber Co. (The)

5.00%, 7/15/2029 (a)		280,000		276,080

5.25%, 7/15/2031 (a)		50,000		48,562


				1,296,236


Automobiles — 0.1%

General Motors Co. 5.00%, 4/1/2035		85,000		91,946


Banks — 2.8%

Banco Santander SA (Spain) (USD ICE Swap Rate 5 Year + 4.99%), 7.50%, 2/8/2024 (b) (c) (d) (e)		200,000		208,000

Bank of America Corp.

Series DD, (ICE LIBOR USD 3 Month + 4.55%), 6.30%, 3/10/2026 (b) (c) (e)		85,000		91,492

(ICE LIBOR USD 3 Month + 1.06%), 3.56%, 4/23/2027 (c)		225,000		230,970

(SOFR + 1.32%), 2.69%, 4/22/2032 (c)		115,000		110,602

Citigroup, Inc.

Series U, (SOFR + 3.81%), 5.00%, 9/12/2024 (b) (c) (e)		95,000		96,092

Series W, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.60%), 4.00%, 12/10/2025 (b) (c) (e)		145,000		140,085


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Banks — continued

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.42%), 3.88%, 2/18/2026 (b) (c) (e)		100,000		95,250

(SOFR + 0.77%), 1.46%, 6/9/2027 (c)		225,000		212,739

Credit Agricole SA (France) (USD Swap Semi 5 Year + 6.19%), 8.12%, 12/23/2025 (a) (b) (c) (e)		250,000		281,563

HSBC Holdings plc (United Kingdom) (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.65%), 4.60%, 12/17/2030 (b) (c) (e)		200,000		186,000

ING Groep NV (Netherlands) (USD ICE Swap Rate 5 Year + 4.20%), 6.75%, 4/16/2024 (b) (c) (d) (e)		200,000		208,500

Intesa Sanpaolo SpA (Italy) (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 2.60%), 4.20%, 6/1/2032 (a) (c)		200,000		180,915

Lloyds Banking Group plc (United Kingdom) (USD Swap Semi 5 Year + 4.50%), 7.50%, 9/27/2025 (b) (c) (e)		200,000		219,482

National Australia Bank Ltd. (Australia) (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.88%), 3.93%, 8/2/2034 (a) (c)		250,000		253,104

NatWest Group plc (United Kingdom) (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.63%), 6.00%, 12/29/2025 (b) (c) (e)		200,000		206,500

Nordea Bank Abp (Finland) (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.11%), 6.63%, 3/26/2026 (a) (b) (c) (e)		200,000		214,500

Societe Generale SA (France)

(USD ICE Swap Rate 5 Year + 5.87%), 8.00%, 9/29/2025 (a) (b) (c) (e)		200,000		217,402

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.93%), 4.75%, 5/26/2026 (a) (b) (c) (e)		200,000		185,500

Truist Financial Corp. Series Q, (US Treasury Yield Curve Rate T Note Constant Maturity 10 Year + 4.35%), 5.10%, 3/1/2030 (b) (c) (e)		100,000		103,750

UniCredit SpA (Italy) (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.20%), 1.98%, 6/3/2027 (a) (c)		200,000		186,546


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Banks — continued

Wells Fargo & Co. Series BB, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.45%), 3.90%, 3/15/2026 (b) (c) (e)		250,000		240,625


				3,869,617


Biotechnology — 0.1%

AbbVie, Inc. 4.50%, 5/14/2035		80,000		88,901


Building Products — 0.3%

JELD-WEN, Inc. 4.88%, 12/15/2027 (a)		50,000		48,625

MIWD Holdco II LLC 5.50%, 2/1/2030 (a)		30,000		28,604

Standard Industries, Inc. 4.75%, 1/15/2028 (a)		305,000		299,281


				376,510


Capital Markets — 0.9%

Charles Schwab Corp. (The) Series I, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.17%), 4.00%, 6/1/2026 (b) (c) (e)		200,000		193,530

Credit Suisse Group AG (Switzerland) (USD Swap Semi 5 Year + 3.46%), 6.25%, 12/18/2024 (a) (b) (c) (e)		200,000		204,750

Goldman Sachs Group, Inc. (The)

Series R, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.22%), 4.95%, 2/10/2025 (b) (c) (e)		95,000		95,532

Series U, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.92%), 3.65%, 8/10/2026 (b) (c) (e)		100,000		92,250

(SOFR + 0.91%), 1.95%, 10/21/2027 (c)		225,000		215,584

Morgan Stanley (SOFR + 0.86%), 1.51%, 7/20/2027 (c)		225,000		213,155

UBS Group AG (Switzerland) (USD Swap Semi 5 Year + 4.59%), 6.87%, 8/7/2025 (b) (c) (d) (e)		200,000		210,500


				1,225,301


Chemicals — 1.3%

Axalta Coating Systems LLC 4.75%, 6/15/2027 (a)		200,000		200,500

Braskem Idesa SAPI (Mexico) 6.99%, 2/20/2032 (a)		200,000		191,000

Chemours Co. (The)

5.75%, 11/15/2028 (a)		205,000		201,509

4.63%, 11/15/2029 (a)		50,000		46,312


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Chemicals — continued

Element Solutions, Inc. 3.88%, 9/1/2028 (a)		120,000		113,813

Hexion, Inc. 7.88%, 7/15/2027 (a)		90,000		94,770

NOVA Chemicals Corp. (Canada) 5.25%, 6/1/2027 (a)		320,000		320,800

Scotts Miracle-Gro Co. (The) 4.50%, 10/15/2029		245,000		236,425

Trinseo Materials Operating SCA 5.13%, 4/1/2029 (a)		220,000		208,450

WR Grace Holdings LLC

4.88%, 6/15/2027 (a)		95,000		94,907

5.63%, 8/15/2029 (a)		140,000		134,050


				1,842,536


Commercial Services & Supplies — 1.1%

ACCO Brands Corp. 4.25%, 3/15/2029 (a)		260,000		242,450

ADT Security Corp. (The)

4.13%, 8/1/2029 (a)		50,000		47,143

4.88%, 7/15/2032 (a)		180,000		167,850

Allied Universal Holdco LLC 6.63%, 7/15/2026 (a)		165,000		169,010

Aramark Services, Inc. 5.00%, 2/1/2028 (a)		90,000		90,161

Atento Luxco 1 SA (Brazil) 8.00%, 2/10/2026 (d)		100,000		101,581

GFL Environmental, Inc. (Canada) 3.75%, 8/1/2025 (a)		160,000		158,400

Madison IAQ LLC 4.13%, 6/30/2028 (a)		235,000		222,306

Nielsen Finance LLC 5.63%, 10/1/2028 (a)		160,000		154,617

Prime Security Services Borrower LLC 3.38%, 8/31/2027 (a)		175,000		161,865

Stericycle, Inc. 3.88%, 1/15/2029 (a)		60,000		55,875


				1,571,258


Communications Equipment — 0.3%

CommScope, Inc.

6.00%, 3/1/2026 (a)		285,000		291,703

8.25%, 3/1/2027 (a)		135,000		134,328


				426,031


Construction & Engineering — 0.1%

Dycom Industries, Inc. 4.50%, 4/15/2029 (a)		50,000		48,125

MasTec, Inc. 4.50%, 8/15/2028 (a)		75,000		76,040


				124,165


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Consumer Finance — 1.2%

AerCap Ireland Capital DAC (Ireland) 3.85%, 10/29/2041		150,000		139,009

Avolon Holdings Funding Ltd. (Ireland) 3.63%, 5/1/2022 (a)		100,000		100,178

Ford Motor Credit Co. LLC

3.66%, 9/8/2024		200,000		200,210

3.38%, 11/13/2025		275,000		270,875

4.13%, 8/17/2027		665,000		669,821

OneMain Finance Corp. 6.63%, 1/15/2028		150,000		160,261

Park Aerospace Holdings Ltd. (Ireland) 4.50%, 3/15/2023 (a)		100,000		102,080


				1,642,434


Containers & Packaging — 1.0%

Ardagh Packaging Finance plc 5.25%, 8/15/2027 (a)		200,000		190,113

LABL, Inc. 6.75%, 7/15/2026 (a)		165,000		165,412

Mauser Packaging Solutions Holding Co. 5.50%, 4/15/2024 (a)		255,000		253,725

Pactiv Evergreen Group Issuer, Inc. 4.00%, 10/15/2027 (a)		320,000		296,744

TriMas Corp. 4.13%, 4/15/2029 (a)		25,000		23,528

Trivium Packaging Finance BV (Netherlands)

5.50%, 8/15/2026 (a) (f)		200,000		201,858

8.50%, 8/15/2027 (a) (f)		250,000		256,420


				1,387,800


Distributors — 0.0% (g)

Ritchie Bros Holdings, Inc. (Canada) 4.75%, 12/15/2031 (a)		60,000		59,615


Diversified Consumer Services — 0.1%

Service Corp. International 5.13%, 6/1/2029		155,000		158,875


Diversified Telecommunication Services — 2.9%

Altice France Holding SA (Luxembourg) 10.50%, 5/15/2027 (a)		200,000		209,400

Altice France SA (France) 5.13%, 7/15/2029 (a)		250,000		226,250

AT&T, Inc.

4.30%, 2/15/2030		125,000		136,082

3.50%, 9/15/2053		50,000		45,720

CCO Holdings LLC

5.00%, 2/1/2028 (a)		630,000		633,840

5.38%, 6/1/2029 (a)		390,000		396,096

4.75%, 3/1/2030 (a)		465,000		456,623


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Diversified Telecommunication Services — continued

4.25%, 2/1/2031 (a)		100,000		93,694

4.75%, 2/1/2032 (a)		20,000		19,450

Frontier Communications Holdings LLC 5.88%, 10/15/2027 (a)		245,000		248,464

Level 3 Financing, Inc. 4.63%, 9/15/2027 (a)		335,000		323,275

Lumen Technologies, Inc. 4.00%, 2/15/2027 (a)		420,000		399,659

Sprint Capital Corp.

6.88%, 11/15/2028		125,000		148,434

8.75%, 3/15/2032		285,000		395,437

Switch Ltd. 4.13%, 6/15/2029 (a)		50,000		47,938

Telecom Italia Capital SA (Italy) 6.38%, 11/15/2033		60,000		58,500

Zayo Group Holdings, Inc. 4.00%, 3/1/2027 (a)		115,000		109,331


				3,948,193


Electric Utilities — 1.1%

Duquesne Light Holdings, Inc. 2.78%, 1/7/2032 (a)		115,000		108,253

Electricidad Firme de Mexico Holdings SA de CV (Mexico) 4.90%, 11/20/2026 (a)		200,000		193,125

Energuate Trust (Guatemala) 5.88%, 5/3/2027 (d)		200,000		198,225

Eskom Holdings SOC Ltd. (South Africa) 7.13%, 2/11/2025 (d)		200,000		195,787

Instituto Costarricense de Electricidad (Costa Rica) 6.75%, 10/7/2031 (a)		200,000		199,413

NRG Energy, Inc.

5.75%, 1/15/2028		130,000		132,922

3.38%, 2/15/2029 (a)		265,000		246,106

Vistra Operations Co. LLC 5.00%, 7/31/2027 (a)		245,000		246,819


				1,520,650


Electronic Equipment, Instruments & Components — 0.3%

II-VI, Inc. 5.00%, 12/15/2029 (a)		60,000		59,935

Sensata Technologies, Inc. 3.75%, 2/15/2031 (a)		350,000		325,500


				385,435


Energy Equipment & Services — 0.1%

Guara Norte Sarl (Brazil) 5.20%, 6/15/2034 (d)		191,908		175,236

Transocean Guardian Ltd. 5.88%, 1/15/2024 (a)		42,448		40,610


				215,846


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Entertainment — 0.8%

Live Nation Entertainment, Inc.

6.50%, 5/15/2027 (a)		190,000		203,426

4.75%, 10/15/2027 (a)		320,000		314,406

Netflix, Inc. 5.88%, 11/15/2028		280,000		316,582

WMG Acquisition Corp. 3.88%, 7/15/2030 (a)		220,000		211,200


				1,045,614


Equity Real Estate Investment Trusts (REITs) — 0.8%

American Tower Corp. 3.80%, 8/15/2029		100,000		103,253

Iron Mountain, Inc.

4.88%, 9/15/2027 (a)		70,000		70,085

5.25%, 7/15/2030 (a)		105,000		104,185

RHP Hotel Properties LP 4.75%, 10/15/2027		290,000		283,475

SBA Communications Corp. 3.88%, 2/15/2027		165,000		164,715

VICI Properties LP 4.25%, 12/1/2026 (a)		325,000		328,250


				1,053,963


Food & Staples Retailing — 0.8%

Albertsons Cos., Inc.

4.63%, 1/15/2027 (a)		415,000		416,821

3.50%, 3/15/2029 (a)		50,000		46,500

Performance Food Group, Inc.

5.50%, 10/15/2027 (a)		175,000		178,062

4.25%, 8/1/2029 (a)		50,000		47,700

Rite Aid Corp. 8.00%, 11/15/2026 (a)		280,000		266,542

US Foods, Inc.

4.75%, 2/15/2029 (a)		69,000		68,255

4.63%, 6/1/2030 (a)		41,000		39,867


				1,063,747


Food Products — 0.5%

Lamb Weston Holdings, Inc. 4.13%, 1/31/2030 (a)		255,000		246,713

Post Holdings, Inc. 5.50%, 12/15/2029 (a)		320,000		322,683

Sigma Holdco BV (Netherlands) 7.88%, 5/15/2026 (a)		200,000		176,000


				745,396


Health Care Equipment & Supplies — 0.6%

Avantor Funding, Inc. 4.63%, 7/15/2028 (a)		250,000		253,750

Hologic, Inc. 3.25%, 2/15/2029 (a)		230,000		217,925

Mozart Debt Merger Sub, Inc.

3.88%, 4/1/2029 (a)		355,000		336,836

5.25%, 10/1/2029 (a)		50,000		47,750


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Health Care Equipment & Supplies — continued

Teleflex, Inc. 4.25%, 6/1/2028 (a)		25,000		24,688


				880,949


Health Care Providers & Services — 2.4%

Acadia Healthcare Co., Inc. 5.00%, 4/15/2029 (a)		35,000		34,563

Centene Corp. 4.63%, 12/15/2029		450,000		463,500

Community Health Systems, Inc.

8.00%, 3/15/2026 (a)		271,000		281,163

5.63%, 3/15/2027 (a)		25,000		25,205

6.00%, 1/15/2029 (a)		50,000		50,062

5.25%, 5/15/2030 (a)		39,000		37,776

DaVita, Inc. 3.75%, 2/15/2031 (a)		330,000		301,537

Encompass Health Corp. 4.50%, 2/1/2028		230,000		223,911

HCA, Inc.

5.88%, 2/15/2026		435,000		470,127

5.88%, 2/1/2029		295,000		329,662

4.13%, 6/15/2029		140,000		146,729

Owens & Minor, Inc. 4.50%, 3/31/2029 (a)		90,000		84,864

Tenet Healthcare Corp.

5.13%, 11/1/2027 (a)		535,000		545,325

4.63%, 6/15/2028 (a)		335,000		328,300


				3,322,724


Health Care Technology — 0.1%

IQVIA, Inc. 5.00%, 5/15/2027 (a)		200,000		204,586


Hotels, Restaurants & Leisure — 1.4%

1011778 BC ULC (Canada)

3.88%, 1/15/2028 (a)		180,000		175,050

3.50%, 2/15/2029 (a)		50,000		47,125

Boyne USA, Inc. 4.75%, 5/15/2029 (a)		55,000		54,037

Caesars Entertainment, Inc.

6.25%, 7/1/2025 (a)		30,000		31,107

8.13%, 7/1/2027 (a)		85,000		91,628

Carnival Corp.

9.88%, 8/1/2027 (a)		60,000		67,350

6.00%, 5/1/2029 (a)		95,000		92,239

Cedar Fair LP

5.38%, 4/15/2027		170,000		171,275

5.25%, 7/15/2029		25,000		24,970

Hilton Domestic Operating Co., Inc. 4.88%, 1/15/2030		50,000		51,437

Hilton Worldwide Finance LLC 4.88%, 4/1/2027		260,000		265,525


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Hotels, Restaurants & Leisure — continued

MGM Resorts International 4.63%, 9/1/2026		80,000		79,800

Six Flags Entertainment Corp. 4.88%, 7/31/2024 (a)		250,000		249,803

Station Casinos LLC 4.50%, 2/15/2028 (a)		35,000		33,644

Wynn Resorts Finance LLC

7.75%, 4/15/2025 (a)		50,000		52,195

5.13%, 10/1/2029 (a)		260,000		250,250

Yum! Brands, Inc. 4.75%, 1/15/2030 (a)		155,000		157,325


				1,894,760


Household Durables — 0.3%

CD&R Smokey Buyer, Inc. 6.75%, 7/15/2025 (a)		85,000		87,762

Newell Brands, Inc. 4.70%, 4/1/2026 (f)		160,000		165,630

Tempur Sealy International, Inc. 4.00%, 4/15/2029 (a)		180,000		169,636


				423,028


Household Products — 0.6%

Central Garden & Pet Co. 5.13%, 2/1/2028		160,000		163,000

Energizer Holdings, Inc.

4.75%, 6/15/2028 (a)		75,000		70,875

4.38%, 3/31/2029 (a)		285,000		256,856

Spectrum Brands, Inc.

5.00%, 10/1/2029 (a)		250,000		246,875

3.88%, 3/15/2031 (a)		50,000		45,802


				783,408


Independent Power and Renewable Electricity Producers — 0.3%

Calpine Corp.

4.50%, 2/15/2028 (a)		180,000		175,658

4.63%, 2/1/2029 (a)		50,000		46,375

Termocandelaria Power Ltd. (Colombia) 7.88%, 1/30/2029 (d)		170,000		163,200


				385,233


Internet & Direct Marketing Retail — 0.1%

Photo Holdings Merger Sub, Inc. 8.50%, 10/1/2026 (a)		80,000		79,440


IT Services — 0.3%

Block, Inc. 3.50%, 6/1/2031 (a)		120,000		112,685

Gartner, Inc. 4.50%, 7/1/2028 (a)		240,000		243,127


				355,812


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Leisure Products — 0.2%

Mattel, Inc. 5.88%, 12/15/2027 (a)		155,000		164,300

Vista Outdoor, Inc. 4.50%, 3/15/2029 (a)		140,000		131,250


				295,550


Machinery — 0.0% (g)

Roller Bearing Co. of America, Inc. 4.38%, 10/15/2029 (a)		20,000		19,300


Media — 3.2%

Charter Communications Operating LLC 5.38%, 4/1/2038		100,000		104,598

Clear Channel Outdoor Holdings, Inc.

5.13%, 8/15/2027 (a)		410,000		409,631

7.50%, 6/1/2029 (a)		70,000		72,741

CSC Holdings LLC 6.50%, 2/1/2029 (a)		260,000		263,250

Directv Financing LLC 5.88%, 8/15/2027 (a)		235,000		234,920

Discovery Communications LLC 4.95%, 5/15/2042		60,000		61,024

DISH DBS Corp.

5.88%, 11/15/2024		816,000		816,000

7.75%, 7/1/2026		125,000		126,586

5.25%, 12/1/2026 (a)		119,000		116,657

Gray Escrow II, Inc. 5.38%, 11/15/2031 (a)		33,000		31,768

Gray Television, Inc.

7.00%, 5/15/2027 (a)		20,000		21,035

4.75%, 10/15/2030 (a)		182,000		170,663

iHeartCommunications, Inc.

5.25%, 8/15/2027 (a)		350,000		348,616

4.75%, 1/15/2028 (a)		50,000		48,375

Midcontinent Communications 5.38%, 8/15/2027 (a)		40,000		39,550

News Corp. 3.88%, 5/15/2029 (a)		125,000		119,688

Nexstar Media, Inc.

5.63%, 7/15/2027 (a)		25,000		25,562

4.75%, 11/1/2028 (a)		400,000		388,000

Paramount Global (ICE LIBOR USD 3 Month + 3.90%), 6.25%, 2/28/2057 (c)		100,000		101,100

Sirius XM Radio, Inc.

5.00%, 8/1/2027 (a)		200,000		202,707

4.00%, 7/15/2028 (a)		385,000		370,081

4.13%, 7/1/2030 (a)		50,000		47,261

Univision Communications, Inc.

6.63%, 6/1/2027 (a)		50,000		52,000

4.50%, 5/1/2029 (a)		130,000		124,434


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Media — continued

Videotron Ltd. (Canada) 5.13%, 4/15/2027 (a)		165,000		167,888


				4,464,135


Metals & Mining — 0.7%

Arconic Corp. 6.13%, 2/15/2028 (a)		165,000		168,712

Big River Steel LLC 6.63%, 1/31/2029 (a)		35,000		36,575

Cleveland-Cliffs, Inc. 4.63%, 3/1/2029 (a)		225,000		217,125

Freeport-McMoRan, Inc. 4.38%, 8/1/2028		160,000		162,000

Glencore Funding LLC (Australia) 2.50%, 9/1/2030 (a)		100,000		92,011

Kaiser Aluminum Corp. 4.63%, 3/1/2028 (a)		60,000		56,656

Novelis Corp.

4.75%, 1/30/2030 (a)		134,000		131,122

3.88%, 8/15/2031 (a)		66,000		60,802


				925,003


Multiline Retail — 0.1%

NMG Holding Co., Inc. 7.13%, 4/1/2026 (a)		125,000		128,750


Oil, Gas & Consumable Fuels — 3.7%

Antero Midstream Partners LP

5.75%, 1/15/2028 (a)		175,000		177,625

5.38%, 6/15/2029 (a)		50,000		50,250

Antero Resources Corp. 7.63%, 2/1/2029 (a)		50,000		54,127

BP Capital Markets plc (United Kingdom)

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.04%), 4.38%, 6/22/2025 (b) (c) (e)		140,000		140,000

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.40%), 4.88%, 3/22/2030 (b) (c) (e)		75,000		74,332

Buckeye Partners LP 3.95%, 12/1/2026		170,000		164,050

Cheniere Energy Partners LP 4.50%, 10/1/2029		130,000		132,496

Cheniere Energy, Inc. 4.63%, 10/15/2028		80,000		81,733

Chesapeake Energy Corp. 6.75%, 4/15/2029 (a)		160,000		169,152

Comstock Resources, Inc. 6.75%, 3/1/2029 (a)		160,000		162,808

Crestwood Midstream Partners LP

5.75%, 4/1/2025		65,000		65,406

5.63%, 5/1/2027 (a)		25,000		24,813

8.00%, 4/1/2029 (a)		75,000		79,798

DT Midstream, Inc. 4.13%, 6/15/2029 (a)		170,000		164,050


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Oil, Gas & Consumable Fuels — continued

Energean Israel Finance Ltd. (Israel) 5.38%, 3/30/2028 (d)		50,000		46,797

Energy Transfer LP 5.35%, 5/15/2045		60,000		63,419

EnLink Midstream Partners LP 4.40%, 4/1/2024		60,000		61,110

EQM Midstream Partners LP

6.00%, 7/1/2025 (a)		165,000		168,300

4.50%, 1/15/2029 (a)		50,000		46,688

EQT Corp. 3.90%, 10/1/2027		60,000		60,642

Gulfport Energy Corp. 8.00%, 5/17/2026 (a)		90,000		95,175

Hess Midstream Operations LP 5.63%, 2/15/2026 (a)		165,000		169,125

Leviathan Bond Ltd. (Israel) 6.75%, 6/30/2030 (d)		50,000		50,125

Medco Bell Pte. Ltd. (Indonesia) 6.38%, 1/30/2027 (d)		200,000		193,200

MEG Energy Corp. (Canada) 7.13%, 2/1/2027 (a)		65,000		67,805

MPLX LP 4.50%, 4/15/2038		90,000		92,615

NuStar Logistics LP 5.63%, 4/28/2027		190,000		190,170

Occidental Petroleum Corp.

8.50%, 7/15/2027		50,000		60,250

8.88%, 7/15/2030		195,000		252,135

Peru LNG Srl (Peru) 5.38%, 3/22/2030 (d)		200,000		172,600

Petrobras Global Finance BV (Brazil) 5.50%, 6/10/2051		100,000		84,897

Petroleos Mexicanos (Mexico)

6.88%, 8/4/2026		50,000		52,772

5.35%, 2/12/2028		100,000		96,060

7.69%, 1/23/2050		350,000		313,250

Range Resources Corp.

8.25%, 1/15/2029		65,000		71,228

4.75%, 2/15/2030 (a)		20,000		19,575

SM Energy Co. 10.00%, 1/15/2025 (a)		55,000		60,301

Southwestern Energy Co. 8.38%, 9/15/2028		140,000		152,775

Sunoco LP 4.50%, 5/15/2029		40,000		38,332

Tallgrass Energy Partners LP

7.50%, 10/1/2025 (a)		170,000		178,500

5.50%, 1/15/2028 (a)		50,000		48,188

Targa Resources Partners LP

6.50%, 7/15/2027		285,000		302,100

4.88%, 2/1/2031		50,000		51,400

4.00%, 1/15/2032		205,000		201,929


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Oil, Gas & Consumable Fuels — continued

Transcanada Trust (Canada) (SOFR + 4.42%), 5.50%, 9/15/2079 (c)		100,000		100,870


				5,102,973


Personal Products — 0.3%

Coty, Inc. 5.00%, 4/15/2026 (a)		60,000		60,365

Edgewell Personal Care Co. 5.50%, 6/1/2028 (a)		210,000		211,050

Prestige Brands, Inc. 5.13%, 1/15/2028 (a)		130,000		130,163


				401,578


Pharmaceuticals — 1.4%

Bausch Health Americas, Inc.

9.25%, 4/1/2026 (a)		395,000		408,414

8.50%, 1/31/2027 (a)		265,000		268,185

Bausch Health Cos., Inc.

4.88%, 6/1/2028 (a)		255,000		244,945

5.25%, 1/30/2030 (a)		230,000		185,438

Cheplapharm Arzneimittel GmbH (Germany) 5.50%, 1/15/2028 (a)		250,000		249,840

Elanco Animal Health, Inc. 6.40%, 8/28/2028 (f)		145,000		156,644

Jazz Securities DAC 4.38%, 1/15/2029 (a)		200,000		198,092

Organon & Co. 4.13%, 4/30/2028 (a)		205,000		201,640

Teva Pharmaceutical Finance Netherlands III BV (Israel) 3.15%, 10/1/2026		50,000		44,781


				1,957,979


Road & Rail — 0.5%

Avis Budget Car Rental LLC

4.75%, 4/1/2028 (a)		50,000		47,500

5.38%, 3/1/2029 (a)		255,000		250,851

Hertz Corp. (The)

4.63%, 12/1/2026 (a)		45,000		42,863

5.00%, 12/1/2029 (a)		90,000		83,952

NESCO Holdings II, Inc. 5.50%, 4/15/2029 (a)		65,000		62,481

Uber Technologies, Inc.

7.50%, 9/15/2027 (a)		125,000		133,594

4.50%, 8/15/2029 (a)		140,000		134,029


				755,270


Semiconductors & Semiconductor Equipment — 0.3%

Broadcom Corp. 3.50%, 1/15/2028		100,000		102,107

Entegris, Inc. 4.38%, 4/15/2028 (a)		85,000		83,300

ON Semiconductor Corp. 3.88%, 9/1/2028 (a)		170,000		168,512


				353,919


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Software — 0.5%

Clarivate Science Holdings Corp. 3.88%, 7/1/2028 (a)		170,000		160,650

NCR Corp. 5.13%, 4/15/2029 (a)		280,000		276,850

SS&C Technologies, Inc. 5.50%, 9/30/2027 (a)		195,000		200,413


				637,913


Specialty Retail — 0.8%

Asbury Automotive Group, Inc.

4.50%, 3/1/2028		45,000		44,227

4.63%, 11/15/2029 (a)		105,000		102,375

4.75%, 3/1/2030		15,000		14,550

Bath & Body Works, Inc. 6.75%, 7/1/2036		115,000		125,431

Group 1 Automotive, Inc. 4.00%, 8/15/2028 (a)		30,000		28,913

Lithia Motors, Inc. 4.63%, 12/15/2027 (a)		90,000		92,025

PetSmart, Inc. 4.75%, 2/15/2028 (a)		270,000		269,325

SRS Distribution, Inc.

4.63%, 7/1/2028 (a)		126,000		120,803

6.13%, 7/1/2029 (a)		70,000		66,882

6.00%, 12/1/2029 (a)		9,000		8,505

Staples, Inc. 7.50%, 4/15/2026 (a)		205,000		202,683


				1,075,719


Thrifts & Mortgage Finance — 0.1%

Rocket Mortgage LLC 3.88%, 3/1/2031 (a)		170,000		159,163


Tobacco — 0.0% (g)

BAT Capital Corp. (United Kingdom) 4.39%, 8/15/2037		80,000		76,674


Trading Companies & Distributors — 0.7%

Imola Merger Corp. 4.75%, 5/15/2029 (a)		340,000		329,732

United Rentals North America, Inc. 4.88%, 1/15/2028		380,000		387,824

WESCO Distribution, Inc.

7.13%, 6/15/2025 (a)		210,000		219,925

7.25%, 6/15/2028 (a)		20,000		21,473


				958,954


Wireless Telecommunication Services — 0.6%

Sprint Corp. 7.63%, 3/1/2026		290,000		330,619

T-Mobile USA, Inc. 4.75%, 2/1/2028		320,000		330,352

Vodafone Group plc (United Kingdom)

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.45%), 3.25%, 6/4/2081 (c)		100,000		92,755


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Wireless Telecommunication Services — continued

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.77%), 4.12%, 6/4/2081 (c)		100,000		92,000


				845,726


Total Corporate Bonds (Cost $52,968,892)				51,067,708

Asset-Backed Securities — 18.5%

ACC Trust Series 2019-2, Class C, 5.24%, 10/21/2024 (a)		500,000		503,693

Air Canada Pass-Through Trust (Canada) Series 2020-2, Class B, 9.00%, 10/1/2025 (a)		8,227		8,894

American Airlines Pass-Through Trust Series 2021-1, Class B, 3.95%, 7/11/2030		50,000		47,696

American Credit Acceptance Receivables Trust Series 2020-4, Class E, 3.65%, 12/14/2026 (a)		600,000		600,249

AMSR Trust Series 2020-SFR1, Class H, 5.30%, 4/17/2037 (a)		100,000		97,889

Applebee’s Funding LLC

Series 2019-1A, Class A2I, 4.19%, 6/5/2049 (a)		1,633,500		1,629,106

Series 2019-1A, Class A2II, 4.72%, 6/5/2049 (a)		495,000		497,227

Avis Budget Rental Car Funding AESOP LLC Series 2020-1A, Class C, 3.02%, 8/20/2026 (a)		461,000		455,855

British Airways Pass-Through Trust (United Kingdom) Series 2020-1, Class B, 8.38%, 11/15/2028 (a)		10,439		11,766

BSPRT Issuer Ltd. (Cayman Islands)

Series 2021-FL7, Class A, 1.51%, 12/15/2038 (a) (h)		428,500		426,109

Series 2021-FL7, Class D, 2.94%, 12/15/2038 ‡ (a) (h)		275,000		271,563

Series 2021-FL7, Class E, 3.59%, 12/15/2038 ‡ (a) (h)		265,000		262,210

Business Jet Securities LLC Series 2020-1A, Class A, 2.98%, 11/15/2035 (a)		150,920		150,421

CoreVest American Finance Trust

Series 2019-1, Class E, 5.49%, 3/15/2052 ‡ (a)		300,000		313,013

Series 2019-2, Class E, 5.31%, 6/15/2052 ‡ (a) (h)		350,000		350,074

Series 2019-3, Class E, 4.75%, 10/15/2052 ‡ (a) (h)		350,000		339,502


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Diamond Resorts Owner Trust Series 2018-1, Class C, 4.53%, 1/21/2031 ‡ (a)		109,630		110,607

Driven Brands Funding LLC Series 2021-1A, Class A2, 2.79%, 10/20/2051 (a)		1,995,000		1,867,719

DT Auto Owner Trust

Series 2019-2A, Class E, 4.46%, 5/15/2026 (a)		750,000		765,028

Series 2021-4A, Class D, 1.99%, 9/15/2027 (a)		1,929,000		1,862,221

Series 2021-2A, Class E, 2.97%, 7/17/2028 (a)		1,080,000		1,036,513

Series 2021-4A, Class E, 3.34%, 7/17/2028 (a)		1,600,000		1,553,456

FREED ABS Trust

Series 2020-FP1, Class C, 4.37%, 3/18/2027 ‡ (a)		1,000,000		1,003,503

Series 2022-1FP, Class D, 3.35%, 3/19/2029 ‡ (a)		200,000		197,978

GLS Auto Receivables Issuer Trust

Series 2021-1A, Class E, 3.14%, 1/18/2028 (a)		650,000		636,781

Series 2021-3A, Class E, 3.20%, 10/16/2028 (a)		1,000,000		957,351

LendingClub Loan Certificate Issuer Trust

Series 2022-NP1, Class CERT, 3/16/2037 ‡ (a)		50,000		1,414,011

Series 2022-P1, Class CERT, 3/16/2037 ‡ (a)		50,000		1,264,622

ME Funding LLC Series 2019-1, Class A2, 6.45%, 7/30/2049 (a)		588,000		607,892

New Residential Mortgage Loan Trust Series 2022-SFR1, Class E1, 3.55%, 2/17/2039 (a)		168,000		161,727

NRZ Excess Spread-Collateralized Notes Series 2021-GNT1, Class A, 3.47%, 11/25/2026 (a)		232,259		229,961

Planet Fitness Master Issuer LLC Series 2022-1A, Class A2I, 3.25%, 12/5/2051 (a)		65,000		64,095

Republic Finance Issuance Trust Series 2021-A, Class D, 5.23%, 12/22/2031 ‡ (a)		800,000		782,014

Service Experts Issuer LLC Series 2021-1A, Class A, 2.67%, 2/2/2032 (a)		376,896		369,037

United Airlines Pass-Through Trust

Series 2016-2, Class B, 3.65%, 10/7/2025		39,444		38,535


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Asset-Backed Securities — continued

Series 2016-1, Class B, 3.65%, 1/7/2026		32,870		32,392

Upstart Pass-Through Trust

Series 2021-ST10, Class A, 2.25%, 1/20/2030 (a)		1,055,490		1,038,245

Series 2022-PT2, Class A, 18.12%, 2/20/2030 (a) (h)		1,000,000		1,000,000

Upstart Securitization Trust

Series 2020-3, Class C, 6.25%, 11/20/2030 ‡ (a)		1,000,000		1,038,953

Series 2021-2, Class C, 3.61%, 6/20/2031 ‡ (a)		1,500,000		1,467,113


Total Asset-Backed Securities (Cost $25,988,146)				25,465,021

Commercial Mortgage-Backed Securities — 16.2%

BANK

Series 2019-BN20, Class D, 2.50%, 9/15/2062 ‡ (a)		700,000		572,049

Series 2020-BN26, Class E, 2.50%, 3/15/2063 ‡ (a)		320,000		240,419

BX Commercial Mortgage Trust Series 2020-VIVA, Class D, 3.55%, 3/11/2044 ‡ (a) (h)		750,000		679,165

Citigroup Commercial Mortgage Trust Series 2018-C5, Class XA, IO, 0.54%, 6/10/2051 (h)		1,646,171		57,680

Citigroup COmmercial Mortgage Trust Series 2018-C6, Class XA, IO, 0.77%, 11/10/2051 (h)		1,181,975		53,106

Commercial Mortgage Trust Series 2016-DC2, Class D, 3.92%, 2/10/2049 (a) (h)		350,000		313,120

FHLMC, Multi-Family Structured Pass-Through Certificates

Series K741, Class X1, IO, 0.57%, 12/25/2027 (h)		1,448,345		42,883

Series K742, Class X1, IO, 0.78%, 3/25/2028 (h)		2,773,307		100,506

Series K742, Class X3, IO, 2.60%, 4/25/2028 (h)		5,000,000		689,885

Series K743, Class X1, IO, 0.93%, 5/25/2028 (h)		1,656,166		85,516

Series K744, Class X1, IO, 0.86%, 7/25/2028 (h)		2,154,856		104,522

Series K084, Class X3, IO, 2.24%, 11/25/2028 (h)		751,485		95,686

Series K104, Class X1, IO, 1.13%, 1/25/2030 (h)		9,382,114		707,098

Series K110, Class X1, IO, 1.70%, 4/25/2030 (h)		8,878,512		1,013,653


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Series K132, Class X1, IO, 0.51%, 8/25/2031 (h)		16,899,044		723,119

Series K-1514, Class X1, IO, 0.58%, 10/25/2034 (h)		1,203,887		70,616

Series K-1517, Class X1, IO, 1.33%, 7/25/2035 (h)		392,792		54,626

Series K-1520, Class X1, IO, 0.47%, 2/25/2036 ‡ (h)		413,618		20,805

Series K067, Class X3, IO, 2.11%, 9/25/2044 (h)		1,575,428		158,890

Series K065, Class X3, IO, 2.18%, 7/25/2045 (h)		1,304,230		129,378

Series K083, Class X3, IO, 2.29%, 11/25/2046 (h)		621,062		80,117

Series K737, Class X3, IO, 1.77%, 1/25/2048 (h)		900,000		66,330

Series K124, Class X3, IO, 2.62%, 2/25/2049 (h)		5,000,000		954,304

Series K741, Class X3, IO, 2.45%, 3/25/2049 (h)		13,766,615		1,693,599

Series K743, Class X3, IO, 2.95%, 6/25/2049 (h)		13,000,000		2,061,230

FNMA ACES

Series 2020-M3, Class X1, IO, 0.36%, 2/25/2030 (h)		3,893,160		98,036

Series 2022-M2, Class X2, IO, 0.24%, 1/25/2032 (h)		2,910,001		55,712

Series 2020-M31, Class AB, 0.50%, 10/25/2032		104,108		96,174

FREMF Mortgage Trust

Series 2019-KW09, Class X2A, IO, 0.10%, 5/25/2029 (a)		19,983,847		100,213

Series 2019-KW09, Class C, PO, 6/25/2029 (a)		790,000		486,988

Series 2019-KW09, Class X2B, IO, 0.10%, 6/25/2029 (a)		10,000,000		56,156

GNMA

Series 2014-135, IO, 0.42%, 1/16/2056 (h)		7,055,451		159,772

Series 2017-53, IO, 0.54%, 11/16/2056 (h)		5,235,184		206,079

Series 2015-114, IO, 0.55%, 3/15/2057 (h)		5,774,577		120,782

Series 2017-158, IO, 0.47%, 9/16/2057 (h)		3,820,633		143,776

Series 2020-184, IO, 0.91%, 11/16/2060 (h)		6,829,073		535,487

Series 2021-218, IO, 0.96%, 10/16/2061 (h)		348,894		30,537


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Commercial Mortgage-Backed Securities — continued

Series 2020-120, IO, 0.80%, 5/16/2062 (h)		6,282,297		452,212

Series 2020-100, IO, 0.81%, 5/16/2062 (h)		6,016,389		432,888

Series 2020-161, IO, 1.04%, 8/16/2062 (h)		5,433,322		449,714

Series 2021-120, IO, 1.01%, 2/16/2063 (h)		6,937,379		613,213

Series 2021-61, IO, 1.15%, 8/16/2063 (h)		1,751,760		154,368

Series 2021-195, Class IX, IO, 1.20%, 8/16/2063 (h)		1,992,794		203,666

Series 2021-110, IO, 0.88%, 11/16/2063 (h)		5,995,612		481,734

Series 2021-180, IO, 0.91%, 11/16/2063 (h)		4,960,252		414,930

Series 2021-200, IO, 0.91%, 11/16/2063 (h)		2,174,462		180,308

Series 2021-150, IO, 1.04%, 11/16/2063 (h)		4,938,030		451,114

Series 2021-185, IO, 1.11%, 11/16/2063 (h)		1,541,694		144,498

Series 2022-7, Class SA, IF, IO, 3.60%, 2/16/2064 (h)		1,402,055		263,015

Series 2021-224, IO, 0.78%, 4/16/2064 (h)		1,996,349		158,949

GS Mortgage Securities Trust

Series 2016-GS2, Class D, 2.75%, 5/10/2049 ‡ (a)		750,000		657,182

Series 2019-GC40, Class E, 3.00%, 7/10/2052 ‡ (a)		800,000		635,917

JPMorgan Chase Commercial Mortgage Securities Trust Series 2013-C16, Class D, 5.01%, 12/15/2046 ‡ (a) (h)		1,500,000		1,498,464

Morgan Stanley Bank of America Merrill Lynch Trust Series 2014-C15, Class D, 4.90%, 4/15/2047 ‡ (a) (h)		1,337,000		1,338,236

UBS-Barclays Commercial Mortgage Trust Series 2012-C4, Class C, 4.31%, 12/10/2045 ‡ (a) (h)		1,000,000		989,123


Total Commercial Mortgage-Backed Securities (Cost $23,022,955)				22,377,545

Collateralized Mortgage Obligations — 7.5%

Connecticut Avenue Securities Trust Series 2019-R01, Class 2B1, 4.54%, 7/25/2031 ‡ (a) (h)		1,500,000		1,517,003

FHLMC STACR REMIC Trust Series 2021-HQA1, Class M2, 2.30%, 8/25/2033 (a) (h)		2,000,000		1,956,143


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


FNMA, Connecticut Avenue Securities

Series 2017-C01, Class 1B1, 5.94%, 7/25/2029 (h)		1,000,000		1,100,133

Series 2017-C02, Class 2B1, 5.69%, 9/25/2029 (h)		1,000,000		1,077,515

Series 2017-C04, Class 2B1, 5.24%, 11/25/2029 (h)		1,500,000		1,604,344

Series 2021-R02, Class 2B1, 3.35%, 11/25/2041 (a) (h)		64,000		60,016

Series 2021-R02, Class 2B2, 6.25%, 11/25/2041 (a) (h)		26,000		24,540

GNMA

Series 2014-181, Class SL, IF, IO, 5.44%, 12/20/2044 (h)		649,148		114,475

Series 2017-134, Class SD, IF, IO, 6.04%, 9/20/2047 (h)		651,465		104,437

Series 2019-52, Class SA, IF, IO, 5.94%, 4/20/2049 (h)		1,003,746		171,552

Series 2021-78, Class IB, IO, 3.00%, 5/20/2051		1,239,905		146,313

Series 2021-107, Class XI, IO, 3.00%, 6/20/2051		1,755,225		208,753

Series 2021-117, Class ES, IF, IO, 6.14%, 7/20/2051 (h)		2,024,266		395,537

Series 2021-142, Class XI, IO, 3.00%, 8/20/2051		177,280		24,066

Series 2021-154, Class SD, IF, IO, 6.14%, 9/20/2051 (h)		607,537		123,086

Series 2021-188, Class IJ, IO, 3.00%, 10/20/2051		3,470,477		484,626

PRPM LLC Series 2021-11, Class A2, 4.58%, 11/25/2026 (a) (f)		1,000,000		979,828

RCO VI Mortgage LLC Series 2022-1, Class A1, 3.00%, 1/25/2027 (a) (f)		250,000		246,605


Total Collateralized Mortgage Obligations (Cost $10,463,400)				10,338,972

Foreign Government Securities — 3.3%

Arab Republic of Egypt (Egypt)

7.05%, 1/15/2032 (d)		200,000		162,500

7.90%, 2/21/2048 (d)		200,000		147,000

Dominican Republic Government Bond (Dominican Republic)

6.00%, 2/22/2033 (a)		150,000		147,356

5.30%, 1/21/2041 (d)		150,000		128,466

7.45%, 4/30/2044 (d)		100,000		104,769

5.88%, 1/30/2060 (d)		150,000		126,215

Federal Republic of Nigeria (Nigeria)

6.50%, 11/28/2027 (d)		200,000		190,000

7.38%, 9/28/2033 (d)		200,000		178,225

8.25%, 9/28/2051 (a)		200,000		171,500


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Foreign Government Securities — continued

Federative Republic of Brazil (Brazil) 3.75%, 9/12/2031		200,000		180,600

Hashemite Kingdom of Jordan (Jordan) 5.85%, 7/7/2030 (d)		200,000		187,500

Islamic Republic of Pakistan (Pakistan) 6.00%, 4/8/2026 (d)		200,000		182,522

Kingdom of Bahrain (Bahrain) 5.45%, 9/16/2032 (d)		200,000		184,000

Republic of Angola (Angola) 8.00%, 11/26/2029 (d)		200,000		196,500

Republic of Cote d’Ivoire (Ivory Coast)

5.75%, 12/31/2032 (d) (f)		131,389		126,897

6.13%, 6/15/2033 (d)		200,000		192,475

Republic of Ecuador (Ecuador) 5.00%, 7/31/2030 (d) (f)		120,000		105,548

Republic of El Salvador (El Salvador)

6.38%, 1/18/2027 (d)		50,000		27,306

7.12%, 1/20/2050 (d)		150,000		73,200

Republic of Ghana (Ghana)

6.38%, 2/11/2027 (d)		200,000		137,500

8.75%, 3/11/2061 (d)		200,000		129,500

Republic of Iraq (Iraq) 5.80%, 1/15/2028 (d)		187,500		179,742

Republic of Kenya (Kenya) 8.00%, 5/22/2032 (d)		200,000		187,500

Republic of Paraguay (Paraguay) 5.40%, 3/30/2050 (a)		200,000		195,850

Republic of Rwanda (Rwanda) 5.50%, 8/9/2031 (a)		200,000		189,163

Republic of Senegal (Senegal) 6.75%, 3/13/2048 (d)		200,000		168,600

Republic of South Africa (South Africa) 6.25%, 3/8/2041		100,000		98,112

State of Mongolia (Mongolia) 4.45%, 7/7/2031 (d)		200,000		179,522

Sultanate of Oman Government Bond (Oman) 6.50%, 3/8/2047 (d)		200,000		186,000

Ukraine Government Bond (Ukraine) 6.88%, 5/21/2029 (d)		200,000		62,000


Total Foreign Government Securities (Cost $5,180,433)				4,526,068

Mortgage-Backed Securities — 2.6%

GNMA II, 30 Year Pool # MA7706, 3.00%, 11/20/2051 (Cost $3,624,816)		3,465,288		3,528,365


INVESTMENTS	SHARES		VALUE ($)
Exchange-Traded Funds — 0.7%

SPDR Blackstone Senior Loan ETF (Cost $1,001,274)		21,800		982,962


Short-Term Investments — 13.4%

Investment Companies — 13.4%

JPMorgan Prime Money Market Fund Class IM Shares, 0.07% (i) (j) (Cost $18,530,299)		18,524,176		18,529,733


Total Investments — 99.2% (Cost $140,780,215)				136,816,374

Other Assets Less Liabilities — 0.8%				1,044,627


NET ASSETS — 100.0%				137,861,001

Percentages indicated are based on net assets.

Abbreviations


ABS		Asset-Backed Securities
ACES		Alternative Credit Enhancement Securities
ETF		Exchange-Traded Fund
FHLMC		Federal Home Loan Mortgage Corp.
FNMA		Federal National Mortgage Association
GNMA		Government National Mortgage Association
ICE		Intercontinental Exchange
IF		Inverse Floaters represent securities that pay interest at a rate that increases (decreases) with a decline (incline) in a specified index or have an interest rate that adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the rate in effect as of February 28, 2022. The rate may be subject to a cap and floor.
IO		Interest Only represents the right to receive the monthly interest payments on an underlying pool of mortgage loans. The principal amount shown represents the par value on the underlying pool. The yields on these securities are subject to accelerated principal paydowns as a result of prepayment or refinancing of the underlying pool of mortgage instruments. As a result, interest income may be reduced considerably.
LIBOR		London Interbank Offered Rate
PO		Principal Only represents the right to receive the principal portion only on an underlying pool of mortgage loans. The market value of these securities is extremely volatile in response to changes in market interest rates. As prepayments on the underlying mortgages of these securities increase, the yield on these securities increases.
REMIC		Real Estate Mortgage Investment Conduit
SCA		Limited partnership with share capital
SOFR		Secured Overnight Financing Rate
SPDR		Standard & Poor’s Depository Receipts
USD		United States Dollar

(a)		Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended.


(b)		Security is perpetual and thus, does not have a predetermined maturity date. The coupon rate for this security is fixed for a period of time and may be structured to adjust thereafter. The date shown, if applicable, reflects the next call date. The coupon rate shown is the rate in effect as of February 28, 2022.
(c)		Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of February 28, 2022.
(d)		Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.
(e)		Security is an interest bearing note with preferred security characteristics.


(f)		Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown is the current rate as of February 28, 2022.
(g)		Amount rounds to less than 0.1% of net assets.
(h)		Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of February 28, 2022.
(i)		Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.
(j)		The rate shown is the current yield as of February 28, 2022.
‡		Value determined using significant unobservable inputs.


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — 55.4%

Australia — 0.3%

APT Pipelines Ltd. 2.00%, 7/15/2030 (a)	EUR	150,000		167,203

Glencore Finance Europe Ltd. 6.00%, 4/3/2022 (a) (b)	GBP	100,000		134,621

Glencore Funding LLC

2.50%, 9/1/2030 (c)		462,000		425,089

2.63%, 9/23/2031 (c)		203,000		186,495

Rio Tinto Finance USA Ltd. 2.75%, 11/2/2051		115,000		101,048

Westpac Banking Corp. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.00%), 4.11%, 7/24/2034 (d)		75,000		77,440


				1,091,896


Austria — 0.3%

ams-OSRAM AG 6.00%, 7/31/2025 (a)	EUR	700,000		816,713


Belgium — 1.0%

Anheuser-Busch Cos. LLC

4.70%, 2/1/2036		170,000		189,462

4.90%, 2/1/2046		85,000		96,047

Anheuser-Busch InBev SA/NV 3.70%, 4/2/2040 (a)	EUR	200,000		267,620

Anheuser-Busch InBev Worldwide, Inc. 4.44%, 10/6/2048		114,000		121,980

KBC Group NV

(EUR Swap Annual 5 Year + 4.69%), 4.75%, 3/5/2024 (a) (d) (e) (f)	EUR	400,000		455,228

(EUR Swap Annual 5 Year + 1.25%), 1.62%, 9/18/2029 (a) (d)	EUR	300,000		336,190

Ontex Group NV 3.50%, 7/15/2026 (a)	EUR	350,000		350,101

Sarens Finance Co. NV 5.75%, 2/21/2027 (a)	EUR	400,000		407,384

Solvay Finance SACA (EUR Swap Annual 5 Year + 3.70%), 5.42%, 11/12/2023 (a) (d) (e) (f)	EUR	100,000		117,778

Solvay SA (EUR Swap Annual 5 Year + 3.92%), 4.25%, 12/4/2023 (a) (d) (e) (f)	EUR	700,000		800,800

Telenet Finance Luxembourg Notes SARL 3.50%, 3/1/2028 (a)	EUR	200,000		220,620


				3,363,210


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Brazil — 0.3%

Guara Norte SARL 5.20%, 6/15/2034 (c)		311,851		284,758

Klabin Austria GmbH 7.00%, 4/3/2049 (a)		200,000		206,000

Suzano Austria GmbH

3.75%, 1/15/2031		48,000		44,916

7.00%, 3/16/2047 (a)		200,000		227,750

Vale Overseas Ltd. 3.75%, 7/8/2030		259,000		254,338


				1,017,762


Canada — 0.2%

Emera US Finance LP 2.64%, 6/15/2031		272,000		254,105

Emera, Inc. Series 16-A, (ICE LIBOR USD 3 Month + 5.44%), 6.75%, 6/15/2076 (d)		236,000		256,504

Transcanada Trust Series 16-A, (ICE LIBOR USD 3 Month + 4.64%), 5.87%, 8/15/2076 (d)		57,000		58,567


				569,176


Chile — 0.2%

Alfa Desarrollo SpA 4.55%, 9/27/2051 (c)		340,000		290,700

Empresa de Transporte de Pasajeros Metro SA 4.70%, 5/7/2050 (c)		200,000		206,610

Kenbourne Invest SA 6.88%, 11/26/2024 (c)		200,000		202,037


				699,347


China — 0.5%

Alibaba Group Holding Ltd. 3.40%, 12/6/2027		200,000		202,700

Country Garden Holdings Co. Ltd. 3.13%, 10/22/2025 (a)		530,000		373,385

Huarong Finance 2017 Co. Ltd. 4.25%, 11/7/2027 (a)		200,000		186,000

Huarong Finance 2019 Co. Ltd.

(ICE LIBOR USD 3 Month + 1.13%), 1.61%, 2/24/2023 (a) (d)		200,000		194,500

2.13%, 9/30/2023 (a)		200,000		192,000

Longfor Group Holdings Ltd. 4.50%, 1/16/2028 (a)		300,000		292,369

NXP BV 3.25%, 5/11/2041 (c)		300,000		274,347


				1,715,301


Colombia — 0.1%

AI Candelaria Spain SA 5.75%, 6/15/2033 (c)		250,000		216,750


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Denmark — 0.2%

DKT Finance ApS 7.00%, 6/17/2023 (a)	EUR	300,000		336,160

TDC Holding A/S 5.00%, 3/2/2022 (b)	EUR	200,000		224,250


				560,410


Finland — 0.2%

Nokia OYJ 2.00%, 3/15/2024 (a)	EUR	425,000		483,984

Nordea Bank Abp

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.11%), 6.63%, 3/26/2026 (c) (d) (e) (f)		200,000		214,500

(EUR Swap Annual 5 Year + 1.30%), 1.00%, 6/27/2029 (a) (d)	EUR	100,000		111,216


				809,700


France — 8.3%

Airbus SE 1.63%, 6/9/2030 (a)	EUR	700,000		800,235

Altice France SA 3.38%, 1/15/2028 (a)	EUR	1,100,000		1,122,021

AXA SA (EURIBOR 3 Month + 3.75%), 3.38%, 7/6/2047 (a) (d)	EUR	600,000		718,676

Banijay Entertainment SASU 3.50%, 3/1/2025 (a)	EUR	375,000		408,812

Banijay Group SAS 6.50%, 3/1/2026 (a)	EUR	200,000		221,178

BPCE SA

5.15%, 7/21/2024 (c)		600,000		629,168

(EURIBOR 3 Month + 1.00%), 0.50%, 9/15/2027 (a) (d)	EUR	400,000		428,721

(EUR Swap Annual 5 Year + 2.37%), 2.75%, 11/30/2027 (a) (d)	EUR	400,000		456,223

(SOFR + 1.73%), 3.12%, 10/19/2032 (c) (d)		250,000		235,659

Casino Guichard Perrachon SA 4.50%, 3/7/2024 (a) (b)	EUR	400,000		412,620

CGG SA

7.75%, 4/1/2027 (c)	EUR	184,000		203,303

7.75%, 4/1/2027 (a)	EUR	150,000		165,737

Chrome Bidco SASU

3.50%, 5/31/2028 (c)	EUR	239,000		249,049

3.50%, 5/31/2028 (a)	EUR	100,000		104,204

Chrome Holdco SASU

5.00%, 5/31/2029 (a)	EUR	200,000		205,467

5.00%, 5/31/2029 (c)	EUR	158,000		162,319


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


France — continued

Credit Agricole SA

3.25%, 10/4/2024 (c)		376,000		384,164

(USD Swap Semi 5 Year + 6.19%), 8.12%, 12/23/2025 (c) (d) (e) (f)		1,075,000		1,210,719

(EUR Swap Annual 5 Year + 4.37%), 4.00%, 12/23/2027 (a) (d) (e) (f)	EUR	100,000		112,118

2.00%, 3/25/2029 (a)	EUR	200,000		220,470

(EUR Swap Annual 5 Year + 1.90%), 1.62%, 6/5/2030 (a) (d)	EUR	500,000		556,982

Credit Mutuel Arkea SA (EURIBOR ICE Swap Rate 5 Year + 1.45%), 1.88%, 10/25/2029 (a) (d)	EUR	300,000		336,913

Electricite de France SA

(EUR Swap Annual 6 Year + 3.44%), 4.00%, 7/4/2024 (a) (d) (e) (f)	EUR	300,000		331,783

(EUR Swap Annual 5 Year + 3.97%), 3.38%, 6/15/2030 (a) (d) (e) (f)	EUR	600,000		583,611

Elis SA 1.63%, 4/3/2028 (a)	EUR	700,000		727,972

Faurecia SE

3.13%, 6/15/2026 (a)	EUR	700,000		769,785

2.38%, 6/15/2027 (a)	EUR	600,000		623,976

3.75%, 6/15/2028 (a)	EUR	800,000		884,045

Iliad Holding SASU

5.13%, 10/15/2026 (c)	EUR	111,000		123,909

5.63%, 10/15/2028 (c)	EUR	784,000		864,828

La Financiere Atalian SASU

4.00%, 5/15/2024 (a)	EUR	350,000		360,485

5.13%, 5/15/2025 (a)	EUR	100,000		101,659

Loxam SAS

2.88%, 4/15/2026 (a)	EUR	300,000		318,850

4.50%, 2/15/2027 (c)	EUR	288,000		319,691

Lune Holdings SARL 5.63%, 11/15/2028 (c)	EUR	375,000		387,193

Orange SA

(EUR Swap Annual 5 Year + 2.36%), 2.38%, 1/15/2025 (a) (d) (e) (f)	EUR	200,000		225,287

(EUR Swap Annual 5 Year + 3.99%), 5.00%, 10/1/2026 (a) (d) (e) (f)	EUR	400,000		496,714

(EURIBOR ICE Swap Rate 5 Year + 2.18%), 1.75%, 12/19/2026 (a) (d) (e) (f)	EUR	200,000		214,764


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

France — continued

Orano SA 3.13%, 3/20/2023 (a)	EUR	800,000		909,292

Paprec Holding SA

4.00%, 3/31/2025 (a)	EUR	100,000		111,610

3.50%, 7/1/2028 (a)	EUR	150,000		156,625

3.50%, 7/1/2028 (c)	EUR	223,000		232,849

Parts Europe SA 6.50%, 7/16/2025 (a)	EUR	400,000		459,960

Quatrim SASU 5.88%, 1/15/2024 (a)	EUR	500,000		553,864

Renault SA

1.25%, 6/24/2025 (a)	EUR	500,000		527,122

2.00%, 9/28/2026 (a)	EUR	800,000		838,681

1.13%, 10/4/2027 (a)	EUR	100,000		96,898

Societe Generale SA

(USD ICE Swap Rate 5 Year + 5.87%), 8.00%, 9/29/2025 (c) (d) (e) (f)		200,000		217,402

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.51%), 5.38%, 11/18/2030 (c) (d) (e) (f)		1,325,000		1,245,500

(EUR Swap Annual 5 Year + 1.55%), 1.00%, 11/24/2030 (d)	EUR	1,100,000		1,181,107

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.00%), 3.65%, 7/8/2035 (c) (d)		200,000		192,305

SPIE SA

3.13%, 3/22/2024 (a)	EUR	200,000		228,192

2.63%, 6/18/2026 (a)	EUR	500,000		557,728

TotalEnergies Capital International SA 3.13%, 5/29/2050		50,000		46,204

TotalEnergies SE

(EUR Swap Annual 5 Year + 3.78%), 3.88%, 5/18/2022 (a) (d) (e) (f)	EUR	100,000		112,723

(EUR Swap Annual 5 Year + 1.77%), 1.75%, 4/4/2024 (a) (d) (e) (f)	EUR	850,000		943,109

Valeo 3.25%, 1/22/2024 (a)	EUR	800,000		934,297

Vallourec SA 8.50%, 6/30/2026 (a)	EUR	500,000		566,884


				26,791,662


Germany — 6.8%

Adler Pelzer Holding GmbH 4.13%, 4/1/2024 (a)	EUR	600,000		600,707


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Germany — continued

Bertelsmann SE & Co. KGaA (EUR Swap Annual 5 Year + 2.64%), 3.00%, 4/23/2075 (a) (d)	EUR	200,000		225,371

BK LC Lux Finco1 SARL 5.25%, 4/30/2029 (a)	EUR	850,000		924,631

CeramTec BondCo GmbH 5.25%, 12/15/2025 (a)	EUR	100,000		113,213

Cheplapharm Arzneimittel GmbH 4.38%, 1/15/2028 (a)	EUR	650,000		704,912

Commerzbank AG

(EUR Swap Annual 5 Year + 6.74%), 6.50%, 10/9/2029 (a) (d) (e) (f)	EUR	200,000		234,131

(EUR Swap Annual 5 Year + 4.35%), 4.00%, 12/5/2030 (a) (d)	EUR	500,000		580,660

CT Investment GmbH

5.50%, 4/15/2026 (a)	EUR	350,000		376,387

5.50%, 4/15/2026 (c)	EUR	106,000		113,991

Deutsche Bank AG (SOFR + 2.16%), 2.22%, 9/18/2024 (d)		1,075,000		1,072,450

(SOFR + 2.26%), 3.74%, 1/7/2033 (d)		450,000		421,200

Deutsche Lufthansa AG

2.00%, 7/14/2024 (a)	EUR	400,000		440,777

2.88%, 2/11/2025 (a)	EUR	1,000,000		1,101,628

3.00%, 5/29/2026 (a)	EUR	300,000		326,372

Douglas GmbH

6.00%, 4/8/2026 (c)	EUR	550,000		592,723

6.00%, 4/8/2026 (a)	EUR	350,000		377,187

Hapag-Lloyd AG 2.50%, 4/15/2028 (a)	EUR	500,000		544,463

IHO Verwaltungs GmbH

3.75% (cash), 9/15/2026 (a) (g)	EUR	125,000		138,399

3.88% (cash), 5/15/2027 (a) (g) (h)	EUR	500,000		554,738

Kirk Beauty SUN GmbH 9.00% (PIK), 10/1/2026 (c) (g) (h)	EUR	261,687		258,148

Nidda BondCo GmbH 5.00%, 9/30/2025 (a)	EUR	675,000		678,889

Nidda Healthcare Holding GmbH 3.50%, 9/30/2024 (a)	EUR	525,000		545,972

ProGroup AG 3.00%, 3/31/2026 (a)	EUR	200,000		216,027

Renk AG

5.75%, 7/15/2025 (a)	EUR	300,000		338,225

5.75%, 7/15/2025 (c)	EUR	100,000		112,742


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Germany — continued

Schaeffler AG

2.88%, 3/26/2027 (a)	EUR	450,000		505,203

3.38%, 10/12/2028 (a)	EUR	500,000		567,089

Techem Verwaltungsgesellschaft 674 mbH 6.00%, 7/30/2026 (a)	EUR	219,799		247,897

Techem Verwaltungsgesellschaft 675 mbH 2.00%, 7/15/2025 (a)	EUR	1,100,000		1,178,120

thyssenkrupp AG

1.88%, 3/6/2023 (a)	EUR	150,000		168,188

2.88%, 2/22/2024 (a)	EUR	500,000		562,172

2.50%, 2/25/2025 (a)	EUR	100,000		111,856

TK Elevator Holdco GmbH 6.63%, 7/15/2028 (a)	EUR	270,000		301,312

TK Elevator Midco GmbH 4.38%, 7/15/2027 (a)	EUR	500,000		557,509

Traton Finance Luxembourg SA 0.75%, 3/24/2029 (a)	EUR	200,000		211,387

TUI Cruises GmbH 6.50%, 5/15/2026 (a)	EUR	350,000		379,683

Vantage Towers AG 0.38%, 3/31/2027 (a)	EUR	300,000		317,504

Volkswagen International Finance NV

(EUR Swap Annual 10 Year + 3.35%), 5.13%, 9/4/2023 (a) (d) (e) (f)	EUR	53,000		62,105

(EUR Swap Annual 5 Year + 3.75%), 3.50%, 6/17/2025 (a) (d) (e) (f)	EUR	100,000		113,972

(EUR Swap Annual 12 Year + 2.97%), 4.62%, 3/24/2026 (a) (d) (e) (f)	EUR	600,000		709,751

(EUR Swap Annual 10 Year + 3.98%), 4.62%, 6/27/2028 (a) (d) (e) (f)	EUR	600,000		704,407

3.25%, 11/18/2030 (a)	EUR	600,000		756,568

Vonovia Finance BV 2.25%, 4/7/2030 (a)	EUR	500,000		573,018

WEPA Hygieneprodukte GmbH 2.88%, 12/15/2027 (a)	EUR	250,000		244,183

ZF Europe Finance BV

2.00%, 2/23/2026 (a)	EUR	900,000		946,055

2.50%, 10/23/2027 (a)	EUR	300,000		309,872

ZF Finance GmbH

2.25%, 5/3/2028 (a)	EUR	200,000		204,628

3.75%, 9/21/2028 (a)	EUR	600,000		651,927


				21,978,349


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Greece — 0.3%

Alpha Bank SA 2.50%, 2/5/2023 (a)	EUR	780,000		890,980


India — 0.2%

Greenko Dutch BV 3.85%, 3/29/2026 (c)		197,000		191,090

Greenko Power II Ltd. 4.30%, 12/13/2028 (c)		425,000		402,348

NTPC Ltd. 3.75%, 4/3/2024 (a)		200,000		204,162


				797,600


Indonesia — 0.3%

Indonesia Asahan Aluminium Persero PT 5.45%, 5/15/2030 (c)		200,000		211,037

Pertamina Persero PT 3.65%, 7/30/2029 (c)		400,000		399,520

Perusahaan Perseroan Persero PT Perusahaan Listrik Negara

4.13%, 5/15/2027 (a)		200,000		204,135

4.38%, 2/5/2050 (a)		320,000		287,560


				1,102,252


Ireland — 1.1%

AerCap Ireland Capital DAC

4.63%, 7/1/2022		330,000		333,690

3.00%, 10/29/2028		185,000		178,186

3.30%, 1/30/2032		205,000		194,622

AIB Group plc (EUR Swap Annual 5 Year + 2.15%), 1.88%, 11/19/2029 (a) (d)	EUR	750,000		828,472

Avolon Holdings Funding Ltd.

3.95%, 7/1/2024 (c)		126,000		128,912

2.13%, 2/21/2026 (c)		440,000		425,320

4.25%, 4/15/2026 (c)		140,000		143,876

4.38%, 5/1/2026 (c)		60,000		61,786

Bank of Ireland Group plc (EUR Swap Annual 5 Year + 7.92%), 7.50%, 5/19/2025 (a) (d) (e) (f)	EUR	300,000		366,228

eircom Finance DAC 3.50%, 5/15/2026 (a)	EUR	800,000		862,815


				3,523,907


Israel — 0.2%

Energean Israel Finance Ltd.

4.88%, 3/30/2026 (a)		156,000		148,200

5.38%, 3/30/2028 (a)		150,475		140,837


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Israel — continued

Leviathan Bond Ltd.

6.13%, 6/30/2025 (a)		200,000		202,725

6.50%, 6/30/2027 (a)		165,554		168,567


				660,329


Italy — 5.2%

Assicurazioni Generali SpA 2.43%, 7/14/2031 (a)	EUR	200,000		213,088

(EURIBOR 3 Month + 5.35%), 5.50%, 10/27/2047 (a) (d)	EUR	200,000		248,912

Atlantia SpA

1.63%, 2/3/2025 (a)	EUR	300,000		328,324

1.88%, 7/13/2027 (a)	EUR	200,000		213,025

1.88%, 2/12/2028 (a)	EUR	400,000		418,226

Autostrade per l’Italia SpA

1.63%, 6/12/2023	EUR	200,000		224,896

1.75%, 2/1/2027 (a)	EUR	1,550,000		1,672,765

2.00%, 12/4/2028 (a)	EUR	700,000		748,556

1.88%, 9/26/2029 (a)	EUR	100,000		103,328

Brunello Bidco SpA 3.50%, 2/15/2028 (a)	EUR	300,000		313,670

Enel Finance International NV 3.50%, 4/6/2028 (c)		200,000		206,209

Enel SpA Series 63.5, (EUR Swap Annual 5 Year + 2.58%), 3.38%, 8/24/2026 (a) (d) (e) (f)	EUR	800,000		909,339

Eni SpA 4.25%, 5/9/2029 (c)		250,000		265,660

Gamma Bidco SpA

5.13%, 7/15/2025 (a)	EUR	450,000		491,948

5.13%, 7/15/2025 (c)	EUR	132,000		144,305

Guala Closures SpA

3.25%, 6/15/2028 (c)	EUR	284,000		285,827

3.25%, 6/15/2028 (a)	EUR	100,000		100,644

Infrastrutture Wireless Italiane SpA 1.88%, 7/8/2026 (a)	EUR	300,000		337,122

Intesa Sanpaolo SpA

(EUR Swap Annual 5 Year + 5.86%), 6.25%, 5/16/2024 (a) (d) (e) (f)	EUR	300,000		348,569

3.93%, 9/15/2026 (a)	EUR	150,000		176,221

(EUR Swap Annual 5 Year + 7.19%), 7.75%, 1/11/2027 (a) (d) (e) (f)	EUR	676,000		842,289

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 2.75%), 4.95%, 6/1/2042 (c) (d)		200,000		177,393


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Italy — continued

Kedrion SpA

3.38%, 5/15/2026 (a)	EUR	250,000		275,195

3.38%, 5/15/2026 (c)	EUR	225,000		247,676

Leonardo SpA 4.88%, 3/24/2025	EUR	800,000		971,002

Nexi SpA 1.63%, 4/30/2026 (a)	EUR	450,000		471,135

Pro-Gest SpA 3.25%, 12/15/2024 (a)	EUR	500,000		515,869

Rossini SARL 6.75%, 10/30/2025 (a)	EUR	300,000		343,523

Saipem Finance International BV

2.63%, 1/7/2025 (a)	EUR	450,000		451,583

3.38%, 7/15/2026 (a)	EUR	150,000		142,391

Telecom Italia SpA

3.63%, 1/19/2024 (a)	EUR	100,000		114,416

2.88%, 1/28/2026 (a)	EUR	200,000		220,588

3.63%, 5/25/2026 (a)	EUR	825,000		934,378

2.38%, 10/12/2027 (a)	EUR	1,350,000		1,408,504

UniCredit SpA

(EURIBOR ICE Swap Rate 5 Year + 7.33%), 7.50%, 6/3/2026 (a) (d) (e) (f)	EUR	900,000		1,086,071

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.20%), 1.98%, 6/3/2027 (c) (d)		200,000		186,546

(EURIBOR ICE Swap Rate 5 Year + 4.74%), 4.87%, 2/20/2029 (a) (d)	EUR	200,000		234,610

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.55%), 3.13%, 6/3/2032 (c) (d)		200,000		182,330

Verde Bidco SpA 4.63%, 10/1/2026 (c)	EUR	100,000		109,619


				16,665,752


Japan — 0.3%

Sumitomo Mitsui Financial Group, Inc. 1.47%, 7/8/2025		460,000		443,957

Takeda Pharmaceutical Co. Ltd.

1.00%, 7/9/2029	EUR	363,000		394,763

3.03%, 7/9/2040		270,000		243,782


				1,082,502


Kazakhstan — 0.1%

KazMunayGas National Co. JSC 5.75%, 4/19/2047 (a)		380,000		389,500


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Kuwait — 0.1%

MEGlobal Canada ULC 5.00%, 5/18/2025 (c)		200,000		208,900


Luxembourg — 2.0%

Altice Finco SA 4.75%, 1/15/2028 (a)	EUR	500,000		495,480

Altice France Holding SA

8.00%, 5/15/2027 (a)	EUR	350,000		405,820

8.00%, 5/15/2027 (c)	EUR	123,000		142,616

ARD Finance SA

5.00% (cash), 6/30/2027 (a) (g) (h)	EUR	100,000		106,799

5.00% (cash), 6/30/2027 (c) (g)	EUR	100,000		106,799

Herens Midco SARL

5.25%, 5/15/2029 (c)	EUR	303,000		287,504

5.25%, 5/15/2029 (a)	EUR	300,000		284,657

INEOS Finance plc

3.38%, 3/31/2026 (a)	EUR	400,000		440,651

3.38%, 3/31/2026 (c)	EUR	147,000		161,940

Matterhorn Telecom SA

3.13%, 9/15/2026 (a)	EUR	475,000		504,633

3.13%, 9/15/2026 (c)	EUR	100,000		106,238

Monitchem HoldCo 3 SA 5.25%, 3/15/2025 (a)	EUR	300,000		333,810

PLTV II Finance SARL 4.63%, 1/5/2026 (a)	EUR	550,000		597,361

SELP Finance SARL REIT, 0.88%, 5/27/2029 (a)	EUR	200,000		206,893

SES SA

(EUR Swap Annual 5 Year + 3.19%), 2.87%, 5/27/2026 (a) (d) (e) (f)	EUR	500,000		514,373

0.88%, 11/4/2027 (a)	EUR	450,000		482,337

Summer BC Holdco A SARL 9.25%, 10/31/2027 (a)	EUR	540,632		626,695

Summer BC Holdco B SARL 5.75%, 10/31/2026 (a)	EUR	500,000		563,349


				6,367,955


Malaysia — 0.1%

Petronas Capital Ltd. 3.40%, 4/28/2061 (c)		436,000		386,462


Mexico — 0.7%

Banco Mercantil del Norte SA (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.04%), 6.87%, 7/6/2022 (c) (d) (e) (f)		200,000		197,650


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Mexico — continued

BBVA Bancomer SA (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.65%), 5.12%, 1/18/2033 (c) (d)		200,000		191,050

Cemex SAB de CV

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.53%), 5.12%, 6/8/2026 (c) (d) (e) (f)		488,000		466,040

3.88%, 7/11/2031 (c)		377,000		335,530

Fomento Economico Mexicano SAB de CV 3.50%, 1/16/2050		150,000		139,312

Petroleos Mexicanos

6.75%, 9/21/2047		825,000		679,305

6.95%, 1/28/2060		510,000		421,056


				2,429,943


Morocco — 0.1%

OCP SA 6.88%, 4/25/2044 (a)		200,000		201,788


Netherlands — 2.7%

ABN AMRO Bank NV 4.75%, 7/28/2025 (c)		200,000		210,400

(EUR Swap Annual 5 Year + 4.67%), 4.37%, 9/22/2025 (a) (d) (e) (f)	EUR	800,000		894,829

4.80%, 4/18/2026 (c)		200,000		212,952

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.90%), 3.32%, 3/13/2037 (c) (d)		400,000		373,683

Cooperatieve Rabobank UA

(EUR Swap Annual 5 Year + 3.70%), 3.25%, 12/29/2026 (a) (d) (e) (f)	EUR	200,000		210,346

(EUR Swap Annual 5 Year + 4.68%), 4.37%, 6/29/2027 (a) (d) (e) (f)	EUR	600,000		686,138

ING Groep NV

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.86%), 3.88%, 5/16/2027 (d) (e) (f)		295,000		260,706

(EUR Swap Annual 5 Year + 2.85%), 3.00%, 4/11/2028 (d)	EUR	400,000		459,381

(EUR Swap Annual 5 Year + 1.20%), 1.00%, 11/13/2030 (a) (d)	EUR	300,000		324,817


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Netherlands — continued

Nobel Bidco BV

3.13%, 6/15/2028 (a)	EUR	400,000		404,771

3.13%, 6/15/2028 (c)	EUR	136,000		137,622

OCI NV 3.63%, 10/15/2025 (c)	EUR	106,200		119,883

Q-Park Holding I BV 2.00%, 3/1/2027 (a)	EUR	500,000		492,773

Sigma Holdco BV 5.75%, 5/15/2026 (a)	EUR	725,000		681,734

Sunshine Mid BV 6.50%, 5/15/2026 (a)	EUR	600,000		675,206

Titan Holdings II BV

5.13%, 7/15/2029 (a)	EUR	200,000		204,348

5.13%, 7/15/2029 (c)	EUR	168,000		171,652

Trivium Packaging Finance BV 3.75%, 8/15/2026 (a) (b)	EUR	500,000		535,453

UPC Holding BV 3.88%, 6/15/2029 (a)	EUR	400,000		431,681

Ziggo Bond Co. BV 3.38%, 2/28/2030 (a)	EUR	1,100,000		1,098,575


				8,586,950


Peru — 0.1%

Southern Copper Corp. 5.88%, 4/23/2045		140,000		173,415


Portugal — 0.6%

EDP — Energias de Portugal SA (EUR Swap Annual 5 Year + 1.84%), 1.70%, 7/20/2080 (a) (d)	EUR	1,000,000		1,058,577

EDP Finance BV

3.63%, 7/15/2024 (c)		675,000		691,544

1.50%, 11/22/2027 (a)	EUR	200,000		228,031


				1,978,152


Spain — 5.1%

Abertis Infraestructuras Finance BV

(EUR Swap Annual 5 Year + 3.69%), 3.25%, 11/24/2025 (a) (d) (e) (f)	EUR	600,000		647,065

(EUR Swap Annual 5 Year + 3.27%), 2.62%, 1/26/2027 (a) (d) (e) (f)	EUR	100,000		101,810

Banco Bilbao Vizcaya Argentaria SA

(EUR Swap Annual 5 Year + 6.04%), 6.00%, 3/29/2024 (a) (d) (e) (f)	EUR	400,000		459,101


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Spain — continued

(EUR Swap Annual 5 Year + 6.46%), 6.00%, 1/15/2026 (a) (d) (e) (f)	EUR	600,000		694,219

Banco de Sabadell SA (EUR Swap Annual 1 Year + 0.97%), 0.63%, 11/7/2025 (a) (d)	EUR	300,000		330,546

Banco Santander SA 2.13%, 2/8/2028 (a)	EUR	200,000		222,528

CaixaBank SA

(EUR Swap Annual 5 Year + 6.22%), 6.37%, 9/19/2023 (a) (d) (e) (f)	EUR	400,000		465,040

(EUR Swap Annual 5 Year + 6.50%), 6.75%, 6/13/2024 (a) (d) (e) (f)	EUR	600,000		712,255

(EUR Swap Annual 5 Year + 3.62%), 3.75%, 2/15/2029 (a) (d)	EUR	800,000		928,851

Cellnex Telecom SA

2.88%, 4/18/2025 (a)	EUR	1,300,000		1,516,916

1.00%, 4/20/2027 (a)	EUR	100,000		104,047

1.88%, 6/26/2029	EUR	400,000		409,031

Cirsa Finance International SARL 4.75%, 5/22/2025 (a)	EUR	750,000		816,676

ContourGlobal Power Holdings SA

4.13%, 8/1/2025 (a)	EUR	400,000		443,954

3.13%, 1/1/2028 (c)	EUR	100,000		100,974

eDreams ODIGEO SA 5.50%, 7/15/2027 (c)	EUR	307,000		337,339

Grifols Escrow Issuer SA 3.88%, 10/15/2028 (a)	EUR	300,000		308,405

Grifols SA

1.63%, 2/15/2025 (c)	EUR	100,000		106,688

2.25%, 11/15/2027 (a)	EUR	900,000		938,890

2.25%, 11/15/2027 (c)	EUR	100,000		104,321

Grupo Antolin-Irausa SA

3.38%, 4/30/2026 (a)	EUR	200,000		205,032

3.50%, 4/30/2028 (c)	EUR	225,000		218,223

Iberdrola International BV (EUR Swap Annual 5 Year + 2.06%), 2.62%, 3/26/2024 (a) (d) (e) (f)	EUR	800,000		911,424

Kaixo Bondco Telecom SA

5.13%, 9/30/2029 (a)	EUR	150,000		155,681

5.13%, 9/30/2029 (c)	EUR	142,000		147,378

Lorca Telecom Bondco SA

4.00%, 9/18/2027 (a)	EUR	600,000		643,337

4.00%, 9/18/2027 (c)	EUR	466,000		499,659


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Spain — continued

Naturgy Finance BV (EUR Swap Annual 9 Year + 3.08%), 3.38%, 4/24/2024 (a) (d) (e) (f)	EUR	200,000		224,683

Repsol International Finance BV (EUR Swap Annual 10 Year + 4.20%), 4.50%, 3/25/2075 (a) (d)	EUR	1,300,000		1,501,354

Telefonica Emisiones SA 5.21%, 3/8/2047		150,000		163,063

Telefonica Europe BV

(EUR Swap Annual 5 Year + 2.33%), 2.62%, 3/7/2023 (a) (d) (e) (f)	EUR	100,000		112,826

Series NC5, (EUR Swap Annual 5 Year + 2.45%), 3.00%, 9/4/2023 (a) (d) (e) (f)	EUR	900,000		1,015,432

(EUR Swap Annual 8 Year + 2.97%), 3.88%, 6/22/2026 (a) (d) (e) (f)	EUR	900,000		1,004,079


				16,550,827


Sweden — 1.0%

Dometic Group AB 3.00%, 5/8/2026 (a)	EUR	450,000		507,085

Svenska Handelsbanken AB (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.05%), 4.75%, 3/1/2031 (a) (d) (e) (f)		200,000		195,794

Verisure Holding AB

3.88%, 7/15/2026 (a)	EUR	275,000		301,021

3.25%, 2/15/2027 (a)	EUR	1,050,000		1,103,730

Verisure Midholding AB 5.25%, 2/15/2029 (c)	EUR	219,000		230,582

Volvo Car AB

2.00%, 1/24/2025 (a)	EUR	600,000		667,761

2.50%, 10/7/2027 (a)	EUR	100,000		112,686


				3,118,659


Switzerland — 1.7%

Argentum Netherlands for Zurich Insurance Co. Ltd. (EURIBOR 3 Month + 3.95%), 3.50%, 10/1/2046 (a) (d)	EUR	700,000		838,629

Credit Suisse Group AG

(USD Swap Semi 5 Year + 4.60%), 7.50%, 12/11/2023 (c) (d) (e) (f)		450,000		471,375


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Switzerland — continued

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.89%), 5.25%, 2/11/2027 (c) (d) (e) (f)		620,000		589,589

4.28%, 1/9/2028 (c)		550,000		571,999

(EUR Swap Annual 1 Year + 0.77%), 0.65%, 1/14/2028 (a) (d)	EUR	100,000		105,708

(SOFR + 3.73%), 4.19%, 4/1/2031 (c) (d)		274,000		284,562

(SOFR + 1.73%), 3.09%, 5/14/2032 (c) (d)		561,000		531,954

Dufry One BV 2.50%, 10/15/2024 (a)	EUR	400,000		434,596

Kongsberg Actuation Systems BV 5.00%, 7/15/2025 (a)	EUR	300,000		330,075

Swiss Re Finance Luxembourg SA (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.58%), 5.00%, 4/2/2049 (c) (d)		200,000		211,758

UBS Group AG

(USD Swap Semi 5 Year + 4.87%), 7.00%, 2/19/2025 (a) (d) (e) (f)		200,000		212,500

(USD Swap Semi 5 Year + 4.59%), 6.87%, 8/7/2025 (a) (d) (e) (f)		200,000		210,500

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.86%), 5.12%, 7/29/2026 (a) (d) (e) (f)		300,000		299,707

(EUR Swap Annual 1 Year + 0.77%), 0.25%, 11/5/2028 (a) (d)	EUR	300,000		314,521

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.00%), 2.09%, 2/11/2032 (c) (d)		280,000		254,724


				5,662,197


Taiwan — 0.1%

Competition Team Technologies Ltd. 3.75%, 3/12/2024 (a)		200,000		205,913


United Kingdom — 8.1%

AstraZeneca plc 0.38%, 6/3/2029 (a)	EUR	700,000		738,120

Barclays plc (U.K. Government Bonds 5 Year Note Generic Bid Yield + 6.02%), 6.37%, 12/15/2025 (a) (d) (e) (f)	GBP	400,000		545,320


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

United Kingdom — continued

BP Capital Markets plc (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.04%), 4.38%, 6/22/2025 (d) (e) (f)		204,000		204,000

(EUR Swap Annual 5 Year + 3.88%), 3.25%, 3/22/2026 (a) (d) (e) (f)	EUR	600,000		666,023

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 4.40%), 4.88%, 3/22/2030 (d) (e) (f)		94,000		93,163

British Telecommunications plc (EURIBOR ICE Swap Rate 5 Year + 2.13%), 1.87%, 8/18/2080 (a) (d)	EUR	100,000		105,075

Centrica plc 4.38%, 3/13/2029 (a)	GBP	200,000		295,425

CK Hutchison Group Telecom Finance SA 1.13%, 10/17/2028 (a)	EUR	850,000		912,609

Constellation Automotive Financing plc

4.88%, 7/15/2027 (c)	GBP	169,000		207,783

4.88%, 7/15/2027 (a)	GBP	100,000		122,948

CPUK Finance Ltd. 4.50%, 8/28/2027 (a)	GBP	400,000		524,697

EC Finance plc

3.00%, 10/15/2026 (a)	EUR	200,000		221,317

3.00%, 10/15/2026 (c)	EUR	199,000		220,211

eG Global Finance plc 4.38%, 2/7/2025 (a)	EUR	700,000		749,618

Eversholt Funding plc 2.74%, 6/30/2040 (a)	GBP	758,976		996,357

Heathrow Funding Ltd.

6.75%, 12/3/2026 (a)	GBP	300,000		476,308

1.50%, 2/11/2030 (a)	EUR	300,000		326,142

1.88%, 3/14/2034 (a)	EUR	250,000		270,698

5.88%, 5/13/2041 (a)	GBP	100,000		175,841

HSBC Holdings plc

(SOFR + 1.54%), 1.64%, 4/18/2026 (d)		490,000		472,361

5.75%, 12/20/2027 (a)	GBP	200,000		300,271

(SOFR + 1.73%), 2.01%, 9/22/2028 (d)		520,000		487,903

(ICE LIBOR USD 3 Month + 1.61%), 3.97%, 5/22/2030 (d)		250,000		257,904


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


United Kingdom — continued

Iceland Bondco plc 4.63%, 3/15/2025 (a)	GBP	500,000		605,541

INEOS Quattro Finance 1 plc 3.75%, 7/15/2026 (a)	EUR	500,000		526,576

INEOS Quattro Finance 2 plc 2.50%, 1/15/2026 (c)	EUR	200,000		212,727

INEOS Styrolution Group GmbH 2.25%, 1/16/2027 (a)	EUR	300,000		308,136

International Consolidated Airlines Group SA 1.50%, 7/4/2027 (a)	EUR	300,000		293,487

Jaguar Land Rover Automotive plc

2.20%, 1/15/2024 (a)	EUR	400,000		435,861

4.50%, 1/15/2026 (a)	EUR	475,000		524,334

6.88%, 11/15/2026 (a)	EUR	200,000		238,266

Lloyds Banking Group plc

(USD Swap Semi 5 Year + 4.76%), 7.50%, 6/27/2024 (d) (e) (f)		200,000		211,250

(EURIBOR ICE Swap Rate 5 Year + 5.29%), 4.95%, 6/27/2025 (a) (d) (e) (f)	EUR	300,000		346,823

4.58%, 12/10/2025		200,000		210,159

Motion Finco SARL 7.00%, 5/15/2025 (a)	EUR	250,000		286,648

Nationwide Building Society (U.K. Government Bonds 5 Year Note Generic Bid Yield + 5.63%), 5.75%, 6/20/2027 (a) (d) (e) (f)	GBP	750,000		1,002,352

NatWest Group plc

(ICE LIBOR USD 3 Month + 1.48%), 3.50%, 5/15/2023 (d)		235,000		235,794

(ICE LIBOR USD 3 Month + 1.76%), 4.27%, 3/22/2025 (d)		780,000		806,565

(U.K. Government Bonds 5 Year Note Generic Bid Yield + 4.99%), 5.13%, 5/12/2027 (d) (e) (f)	GBP	884,000		1,154,757

(EURIBOR 3 Month + 0.89%), 0.67%, 9/14/2029 (a) (d)	EUR	500,000		517,255

NGG Finance plc (EUR Swap Annual 5 Year + 2.53%), 2.13%, 9/5/2082 (a) (d)	EUR	730,000		776,564

Pinnacle Bidco plc 5.50%, 2/15/2025 (a)	EUR	500,000		557,188

Punch Finance plc

6.13%, 6/30/2026 (a)	GBP	300,000		391,934


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

United Kingdom — continued

6.13%, 6/30/2026 (c)	GBP	138,000		180,289

RAC Bond Co. plc

5.25%, 11/4/2027 (c)	GBP	254,000		316,693

5.25%, 11/4/2027 (a)	GBP	100,000		124,683

Rolls-Royce plc 0.88%, 5/9/2024 (a)	EUR	400,000		431,771

Santander UK Group Holdings plc

(GBP Swap Semi 5 Year + 6.07%), 6.75%, 6/24/2024 (a) (d) (e) (f)	GBP	200,000		275,403

(SOFR + 0.99%), 1.67%, 6/14/2027 (d)		400,000		378,100

SIG plc

5.25%, 11/30/2026 (c)	EUR	167,000		179,141

5.25%, 11/30/2026 (a)	EUR	150,000		160,905

Standard Chartered plc

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 5.66%), 6.00%, 7/26/2025 (c) (d) (e) (f)		200,000		204,500

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 3.85%), 4.64%, 4/1/2031 (c) (d)		680,000		733,975

Synthomer plc 3.88%, 7/1/2025 (a)	EUR	400,000		449,061

Virgin Media Finance plc 3.75%, 7/15/2030 (a)	EUR	725,000		731,570

Vodafone Group plc

5.25%, 5/30/2048		180,000		206,328

4.88%, 6/19/2049		121,000		134,338

(EUR Swap Annual 5 Year + 3.43%), 4.20%, 10/3/2078 (a) (d)	EUR	700,000		791,319

(EUR Swap Annual 5 Year + 2.67%), 3.10%, 1/3/2079 (a) (d)	EUR	300,000		337,754

(USD Swap Semi 5 Year + 4.87%), 7.00%, 4/4/2079 (d)		429,000		476,190

Series NC10, (EUR Swap Annual 5 Year + 3.23%), 3.00%, 8/27/2080 (a) (d)	EUR	625,000		637,402

Wheel Bidco Ltd.

6.75%, 7/15/2026 (a)	GBP	200,000		252,267

6.75%, 7/15/2026 (c)	GBP	100,000		126,133


				26,140,133


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


United States — 6.9%

Adient Global Holdings Ltd. 3.50%, 8/15/2024 (a)	EUR	190,000		210,375

AES Corp. (The)

3.30%, 7/15/2025 (c)		31,000		31,149

3.95%, 7/15/2030 (c)		42,000		42,848

Alexander Funding Trust 1.84%, 11/15/2023 (c)		70,000		69,479

American Airlines Pass-Through Trust Series 2021-1, Class A Shares, 2.88%, 7/11/2034		100,000		96,217

American Express Co. (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.85%), 3.55%, 9/15/2026 (d) (e) (f)		104,000		96,200

Ardagh Metal Packaging Finance USA LLC

2.00%, 9/1/2028 (c)	EUR	175,000		177,333

3.00%, 9/1/2029 (a)	EUR	150,000		150,275

3.00%, 9/1/2029 (c)	EUR	129,000		129,237

Ardagh Packaging Finance plc

2.13%, 8/15/2026 (a)	EUR	300,000		309,886

2.13%, 8/15/2026 (c)	EUR	100,000		103,295

AT&T, Inc.

3.50%, 9/15/2053		380,000		347,470

3.55%, 9/15/2055		99,000		89,772

Bank of America Corp.

Series N, (SOFR + 1.22%), 2.65%, 3/11/2032 (d)		560,000		535,490

(SOFR + 1.32%), 2.69%, 4/22/2032 (d)		290,000		278,909

(SOFR + 1.22%), 2.30%, 7/21/2032 (d)		470,000		435,997

Bristol-Myers Squibb Co. 2.95%, 3/15/2032 (i)		125,000		126,619

Capital One Financial Corp.

Series M, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.16%), 3.95%, 9/1/2026 (d) (e) (f)		442,000		414,609

CCO Holdings LLC 5.13%, 5/1/2027 (c)		140,000		141,400

CenterPoint Energy, Inc. 2.95%, 3/1/2030		280,000		274,179

CF Industries, Inc. 4.95%, 6/1/2043		224,000		242,715


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

United States — continued

Charles Schwab Corp. (The)

Series I, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.17%), 4.00%, 6/1/2026 (d) (e) (f)		312,000		301,907

Series H, (US Treasury Yield Curve Rate T Note Constant Maturity 10 Year + 3.08%), 4.00%, 12/1/2030 (d) (e) (f)		320,000		296,182

Citigroup, Inc.

Series M, (ICE LIBOR USD 3 Month + 3.42%), 6.30%, 5/15/2024 (d) (e) (f)		29,000		29,339

Series P, (ICE LIBOR USD 3 Month + 3.91%), 5.95%, 5/15/2025 (d) (e) (f)		155,000		160,619

Series W, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.60%), 4.00%, 12/10/2025 (d) (e) (f)		160,000		154,576

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.42%), 3.88%, 2/18/2026 (d) (e) (f)		550,000		523,875

Series T, (ICE LIBOR USD 3 Month + 4.52%), 6.25%, 8/15/2026 (d) (e) (f)		200,000		215,000

Series Y, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.00%), 4.15%, 11/15/2026 (d) (e) (f)		620,000		591,325

(SOFR + 1.17%), 2.56%, 5/1/2032 (d)		320,000		303,697

(SOFR + 1.18%), 2.52%, 11/3/2032 (d)		140,000		131,848

Comcast Corp. 2.94%, 11/1/2056 (c)		290,000		244,085

Constellation Energy Generation LLC 5.60%, 6/15/2042		210,000		232,614

Constellium SE 4.25%, 2/15/2026 (a)	EUR	100,000		111,524

Diebold Nixdorf Dutch Holding BV 9.00%, 7/15/2025 (a)	EUR	250,000		293,599

Discovery Communications LLC 3.63%, 5/15/2030		350,000		351,928

Duquesne Light Holdings, Inc. 2.78%, 1/7/2032 (c)		140,000		131,787


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


United States — continued

Entergy Texas, Inc. 1.75%, 3/15/2031		115,000		103,840

Exxon Mobil Corp. 0.52%, 6/26/2028	EUR	400,000		432,004

Fidelity National Information Services, Inc. 2.00%, 5/21/2030	EUR	200,000		228,690

Fiserv, Inc. 1.63%, 7/1/2030	EUR	100,000		111,423

Ford Motor Credit Co. LLC

3.25%, 9/15/2025	EUR	150,000		170,617

3.63%, 6/17/2031		870,000		836,603

Freeport-McMoRan, Inc.

5.40%, 11/14/2034		523,000		587,721

5.45%, 3/15/2043		100,000		115,015

General Electric Co. 4.13%, 9/19/2035 (a)	EUR	100,000		133,114

General Motors Co. 6.13%, 10/1/2025		21,000		23,237

General Motors Financial Co., Inc. 2.75%, 6/20/2025		39,000		38,989

Gilead Sciences, Inc. 2.80%, 10/1/2050		85,000		71,877

Global Payments, Inc. 2.90%, 11/15/2031		265,000		252,676

Goldman Sachs Group, Inc. (The)

Series T, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.97%), 3.80%, 5/10/2026 (d) (e) (f)		115,000		108,962

(SOFR + 0.91%), 1.95%, 10/21/2027 (d)		355,000		340,143

(SOFR + 1.28%), 2.62%, 4/22/2032 (d)		290,000		274,180

(SOFR + 1.25%), 2.38%, 7/21/2032 (d)		190,000		176,124

(SOFR + 1.26%), 2.65%, 10/21/2032 (d)		300,000		284,488

Gray Oak Pipeline LLC 2.60%, 10/15/2025 (c)		50,000		49,440

HCA, Inc.

5.88%, 2/15/2026		185,000		199,939

3.50%, 9/1/2030		635,000		628,650

2.38%, 7/15/2031		370,000		340,206

5.25%, 6/15/2049		120,000		136,503

3.50%, 7/15/2051		150,000		133,362

Hyundai Capital America

3.50%, 11/2/2026 (c)		555,000		566,635


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

United States — continued

3.50%, 11/2/2026 (a)		150,000		153,145

International Game Technology plc

3.50%, 6/15/2026 (a)	EUR	400,000		444,803

2.38%, 4/15/2028 (a)	EUR	350,000		361,163

IQVIA, Inc. 2.25%, 1/15/2028 (a)	EUR	150,000		156,498

Kansas City Southern 3.50%, 5/1/2050		90,000		85,940

Lear Corp.

2.60%, 1/15/2032		15,000		13,900

3.55%, 1/15/2052		120,000		102,536

LKQ Italia Bondco SpA 3.88%, 4/1/2024 (a)	EUR	200,000		232,774

Morgan Stanley

(SOFR + 0.95%), 1.00%, 2/18/2026 (d)		235,000		234,551

(SOFR + 0.88%), 1.59%, 5/4/2027 (d)		690,000		656,213

(SOFR + 1.18%), 2.24%, 7/21/2032 (d)		220,000		202,544

(SOFR + 1.20%), 2.51%, 10/20/2032 (d)		370,000		349,348

Netflix, Inc.

3.88%, 11/15/2029 (a)	EUR	300,000		367,581

5.38%, 11/15/2029 (c)		357,000		398,725

Novelis Sheet Ingot GmbH

3.38%, 4/15/2029 (a)	EUR	250,000		263,129

3.38%, 4/15/2029 (c)	EUR	100,000		105,252

Pacific Gas and Electric Co. 3.30%, 3/15/2027		366,000		361,662

Par Pharmaceutical, Inc. 7.50%, 4/1/2027 (c)		9,000		9,015

Paysafe Finance plc 3.00%, 6/15/2029 (a)	EUR	350,000		343,383

PNC Financial Services Group, Inc. (The) Series T, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.60%), 3.40%, 9/15/2026 (d) (e) (f)		410,000		379,865

Regency Centers LP REIT, 2.95%, 9/15/2029		95,000		94,090

Silgan Holdings, Inc. 3.25%, 3/15/2025	EUR	300,000		333,146

Swiss Re Finance UK plc (EUR Swap Annual 1 Year + 3.75%), 2.71%, 6/4/2052 (a) (d)	EUR	100,000		109,445

TI Automotive Finance plc

3.75%, 4/15/2029 (a)	EUR	300,000		313,690

3.75%, 4/15/2029 (c)	EUR	105,000		109,791


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


United States — continued

Transocean, Inc. 11.50%, 1/30/2027 (c)		25,000		25,000

Upjohn Finance BV 1.91%, 6/23/2032 (a)	EUR	150,000		160,784

Verizon Communications, Inc.

2.55%, 3/21/2031		330,000		316,770

2.36%, 3/15/2032 (c)		60,000		56,025

2.65%, 11/20/2040		60,000		52,064

VMware, Inc. 2.20%, 8/15/2031		290,000		265,677

Wells Fargo & Co. Series BB, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.45%), 3.90%, 3/15/2026 (d) (e) (f)		340,000		327,250

WMG Acquisition Corp. 2.25%, 8/15/2031 (c)	EUR	162,000		159,845


				22,267,401


Total Corporate Bonds (Cost $195,371,881)				179,021,793

Foreign Government Securities — 34.3%

Angola — 0.2%

Republic of Angola

8.00%, 11/26/2029 (a)		210,000		206,325

9.13%, 11/26/2049 (a)		480,000		445,200


				651,525


Australia — 3.3%

Commonwealth of Australia

5.50%, 4/21/2023 (a)	AUD	11,898,000		9,121,097

3.00%, 3/21/2047 (a)	AUD	2,140,000		1,659,804


				10,780,901


Bahrain — 0.1%

Kingdom of Bahrain 6.00%, 9/19/2044 (a)		335,000		281,149


Brazil — 4.6%

Notas do Tesouro Nacional Series F, 10.00%, 1/1/2027	BRL	80,000,000		14,843,935


Canada — 7.6%

Canada Government Bond

1.50%, 6/1/2023	CAD	10,781,000		8,530,386

0.25%, 8/1/2023	CAD	20,686,000		16,078,774


				24,609,160


China — 4.8%

People’s Republic of China

2.69%, 8/12/2026	CNY	50,000,000		7,965,905


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Foreign Government Securities — continued

China — continued

3.02%, 5/27/2031	CNY	30,640,000		4,909,994

2.89%, 11/18/2031	CNY	17,390,000		2,772,015


				15,647,914


Colombia — 0.1%

Republic of Colombia

3.13%, 4/15/2031		210,000		178,014

5.20%, 5/15/2049		250,000		210,438


				388,452


Dominican Republic — 0.2%

Dominican Republic Government Bond

6.88%, 1/29/2026 (c)		280,000		305,200

4.88%, 9/23/2032 (c)		240,000		218,070

5.30%, 1/21/2041 (c)		165,000		141,312


				664,582


Egypt — 0.4%

Arab Republic of Egypt

5.75%, 5/29/2024 (c)		200,000		198,500

7.60%, 3/1/2029 (c)		280,000		251,300

5.88%, 2/16/2031 (c)		386,000		299,150

7.05%, 1/15/2032 (c)		230,000		186,875

7.30%, 9/30/2033 (c)		200,000		163,500

8.70%, 3/1/2049 (a)		300,000		234,750


				1,334,075


El Salvador — 0.1%

Republic of El Salvador

5.88%, 1/30/2025 (a)		142,000		85,537

6.38%, 1/18/2027 (a)		160,000		87,380


				172,917


Ethiopia — 0.0% (j)

Federal Democratic Republic of Ethiopia 6.63%, 12/11/2024 (a)		200,000		149,475


Ghana — 0.1%

Republic of Ghana 7.63%, 5/16/2029 (a)		320,000		216,000


Hungary — 0.2%

Hungary Government Bond

2.13%, 9/22/2031 (c)		200,000		178,460

7.63%, 3/29/2041		150,000		216,810

3.13%, 9/21/2051 (c)		466,000		383,227


				778,497


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Indonesia — 1.5%

Republic of Indonesia

7.00%, 9/15/2030	IDR	4,152,000,000		297,376

6.50%, 2/15/2031	IDR	23,346,000,000		1,623,349

6.38%, 4/15/2032	IDR	21,554,000,000		1,478,490

7.50%, 4/15/2040	IDR	20,209,000,000		1,474,848


				4,874,063


Israel — 0.2%

State of Israel Government Bond 3.38%, 1/15/2050		570,000		557,638


Italy — 1.7%

Italian Republic Government Bond

0.88%, 5/6/2024		962,000		935,975

2.38%, 10/17/2024		3,295,000		3,307,966

2.88%, 10/17/2029		1,135,000		1,114,928


				5,358,869


Ivory Coast — 0.3%

Republic of Cote d’Ivoire

6.38%, 3/3/2028 (a)		270,000		276,294

6.13%, 6/15/2033 (a)		370,000		356,079

6.88%, 10/17/2040 (c)	EUR	460,000		469,130


				1,101,503


Jamaica — 0.2%

Jamaica Government Bond

8.00%, 3/15/2039		240,000		314,670

7.88%, 7/28/2045		200,000		262,100


				576,770


Kazakhstan — 0.1%

Republic of Kazakhstan 1.50%, 9/30/2034 (c)	EUR	370,000		360,930


Kenya — 0.3%

Republic of Kenya

6.88%, 6/24/2024 (a)		400,000		414,000

6.30%, 1/23/2034 (c)		783,000		651,848


				1,065,848


Lebanon — 0.0% (j)

Lebanese Republic

6.65%, 4/22/2024 (a) (k)		227,000		26,673

6.65%, 11/3/2028 (a) (k)		226,000		26,555


				53,228


Malaysia — 0.3%

Malaysia Government Bond 3.83%, 7/5/2034	MYR	3,920,000		915,115


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Foreign Government Securities — continued

Mexico — 2.3%

United Mexican States

Series M 20, 8.50%, 5/31/2029	MXN	42,700,000		2,155,874

7.75%, 5/29/2031	MXN	45,780,000		2,211,795

Series M 30, 8.50%, 11/18/2038	MXN	42,000,000		2,123,142

3.77%, 5/24/2061		392,000		315,952

3.75%, 4/19/2071		853,000		671,311


				7,478,074


New Zealand — 0.9%

New Zealand Government Bond

4.50%, 4/15/2027 (a)	NZD	952,000		700,561

2.75%, 4/15/2037 (a)	NZD	3,201,000		2,109,854


				2,810,415


Nigeria — 0.4%

Federal Republic of Nigeria

7.63%, 11/21/2025 (a)		300,000		318,000

7.88%, 2/16/2032 (a)		320,000		294,000

7.38%, 9/28/2033 (c)		287,000		255,753

7.63%, 11/28/2047 (a)		400,000		323,000


				1,190,753


Paraguay — 0.3%

Republic of Paraguay

5.00%, 4/15/2026 (a)		302,000		315,269

4.95%, 4/28/2031 (c)		550,000		570,728


				885,997


Philippines — 0.1%

Republic of Philippines 2.95%, 5/5/2045		330,000		281,774


Portugal — 1.4%

Obrigacoes do Tesouro 5.13%, 10/15/2024 (a)		4,260,000		4,611,961


Qatar — 0.2%

State of Qatar

5.10%, 4/23/2048 (a)		245,000		307,169

4.40%, 4/16/2050 (c)		200,000		231,250


				538,419


Romania — 0.1%

Romania Government Bond 4.63%, 4/3/2049 (c)	EUR	276,000		289,737


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Senegal — 0.3%

Republic of Senegal

6.25%, 5/23/2033 (a)		660,000		608,850

6.75%, 3/13/2048 (a)		260,000		219,180


				828,030


Serbia — 0.2%

Republic of Serbia

1.50%, 6/26/2029 (c)	EUR	410,000		388,457

1.65%, 3/3/2033 (c)	EUR	316,000		270,608


				659,065


South Africa — 1.6%

Republic of South Africa

4.30%, 10/12/2028		240,000		230,295

Series R213, 7.00%, 2/28/2031	ZAR	46,000,000		2,511,947

8.88%, 2/28/2035	ZAR	36,553,674		2,136,907

5.75%, 9/30/2049		310,000		266,949


				5,146,098


Ukraine — 0.1%

Ukraine Government Bond

7.75%, 9/1/2023 (a)		270,000		108,000

7.75%, 9/1/2026 (a)		560,000		179,200

7.38%, 9/25/2032 (a)		430,000		137,600


				424,800


United Arab Emirates — 0.1%

United Arab Emirates Government Bond 4.00%, 7/28/2050 (c)		400,000		329,575


Uruguay — 0.0% (j)

Oriental Republic of Uruguay 5.10%, 6/18/2050		88,906		105,870


Total Foreign Government Securities (Cost $114,907,549)				110,963,114

Commercial Mortgage-Backed Securities — 1.9%

United States — 1.9%

BAMLL Re-REMIC Trust Series 2014-FRR4, Class BK29, PO, 4/27/2023 (c)		400,000		379,589

Banc of America Commercial Mortgage Trust Series 2007-5, Class AJ, 5.82%, 2/10/2051 (h)		325,853		328,548


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Commercial Mortgage-Backed Securities — continued

United States — continued

BANK

Series 2019-BN16, Class C, 4.79%, 2/15/2052 ‡ (h)		23,000		23,806

Series 2018-BN10, Class C, 4.16%, 2/15/2061 ‡ (h)		70,000		70,945

Series 2018-BN13, Class C, 4.57%, 8/15/2061 ‡ (h)		118,000		122,144

Series 2019-BN20, Class C, 3.65%, 9/15/2062 ‡ (h)		176,000		169,367

Benchmark Mortgage Trust Series 2019-B11, Class C, 3.75%, 5/15/2052 ‡ (h)		315,000		308,512

Cascade Funding Mortgage Trust Series 2021-FRR1, Class BK45, 2.32%, 2/28/2025 ‡ (c)		1,000,000		953,424

CCUBS Commercial Mortgage Trust Series 2017-C1, Class C, 4.39%, 11/15/2050 ‡ (h)		28,000		28,525

CD Mortgage Trust Series 2016-CD2, Class C, 3.98%, 11/10/2049 ‡ (h)		21,000		20,355

Citigroup Commercial Mortgage Trust

Series 2014-GC23, Class C, 4.43%, 7/10/2047 ‡ (h)		21,000		21,284

Series 2015-P1, Class D, 3.23%, 9/15/2048 ‡ (c)		205,000		185,812

FHLMC, Multi-Family Structured Pass-Through Certificates

Series K033, Class X1, IO, 0.29%, 7/25/2023 (h)		3,733,528		13,622

Series K739, Class X1, IO, 1.22%, 9/25/2027 (h)		2,130,516		118,074

Series K153, Class X3, IO, 3.77%, 4/25/2035 (h)		340,000		99,729

Series K036, Class X3, IO, 2.11%, 12/25/2041 (h)		2,640,000		90,798

Series K720, Class X3, IO, 1.33%, 8/25/2042 (h)		6,800,000		32,845

Series K041, Class X3, IO, 1.64%, 11/25/2042 (h)		3,470,000		135,005

Series K718, Class X3, IO, 3.43%, 2/25/2043 (h)		417,140		229

Series K054, Class X3, IO, 1.60%, 4/25/2043 (h)		1,365,000		76,438

Series K050, Class X3, IO, 1.55%, 10/25/2043 (h)		1,010,000		49,194

Series K051, Class X3, IO, 1.61%, 10/25/2043 (h)		1,395,000		72,068

Series K052, Class X3, IO, 1.61%, 1/25/2044 (h)		750,000		40,878


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


United States — continued

Series K726, Class X3, IO, 2.14%, 7/25/2044 (h)		2,890,000		127,481

Series K067, Class X3, IO, 2.11%, 9/25/2044 (h)		1,385,000		139,685

Series K072, Class X3, IO, 2.14%, 12/25/2045 (h)		400,000		43,196

Series K089, Class X3, IO, 2.30%, 1/25/2046 (h)		850,000		117,694

Series K078, Class X3, IO, 2.21%, 6/25/2046 (h)		1,820,000		221,026

Series K088, Class X3, IO, 2.35%, 2/25/2047 (h)		980,000		139,363

FREMF Series 2018-KF46, Class B, 2.06%, 3/25/2028 (c) (h)		249,800		243,753

FREMF Mortgage Trust

Series 2017-KF31, Class B, 3.01%, 4/25/2024 (c) (h)		38,243		37,949

Series 2017-KF36, Class B, 2.76%, 8/25/2024 (c) (h)		37,729		37,729

Series 2017-KF38, Class B, 2.61%, 9/25/2024 (c) (h)		19,725		19,725

Series 2018-KF47, Class B, 2.11%, 5/25/2025 (c) (h)		9,451		9,326

Series 2018-KF49, Class B, 2.01%, 6/25/2025 (c) (h)		189,349		182,904

Series 2017-K728, Class B, 3.65%, 11/25/2050 (c) (h)		190,000		194,691

Series 2017-K728, Class C, 3.65%, 11/25/2050 (c) (h)		105,000		106,438

GNMA Series 2017-23, IO, 0.62%, 5/16/2059 (h)		286,897		12,012

GS Mortgage Securities Trust

Series 2012-GCJ9, Class D, 4.74%, 11/10/2045 ‡ (c) (h)		320,000		318,115

Series 2015-GC30, Class C, 4.07%, 5/10/2050 ‡ (h)		36,000		36,101

JPMBB Commercial Mortgage Securities Trust

Series 2015-C30, Class C, 4.26%, 7/15/2048 ‡ (h)		62,000		60,742

Series 2015-C31, Class C, 4.62%, 8/15/2048 ‡ (h)		23,000		23,252

JPMDB Commercial Mortgage Securities Trust Series 2017-C7, Class C, 4.16%, 10/15/2050 (h)		19,509		19,694

JPMorgan Chase Commercial Mortgage Securities Trust Series 2016-JP4, Class C, 3.39%, 12/15/2049 ‡ (h)		28,000		26,431


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Commercial Mortgage-Backed Securities — continued

United States — continued

LB Commercial Mortgage Trust Series 2007-C3, Class AJ, 5.82%, 7/15/2044 (h)		2,907		2,866

LB-UBS Commercial Mortgage Trust Series 2006-C6, Class AJ, 5.45%, 9/15/2039 (h)		134,898		56,454

Morgan Stanley Bank of America Merrill Lynch Trust

Series 2014-C14, Class C, 5.05%, 2/15/2047 ‡ (h)		21,000		21,828

Series 2015-C24, Class C, 4.34%, 5/15/2048 ‡ (h)		36,000		35,891

Morgan Stanley Capital I Trust

Series 2005-HQ7, Class E, 5.48%, 11/14/2042 ‡ (h)		42,106		41,269

Series 2015-MS1, Class B, 4.03%, 5/15/2048 ‡ (h)		28,000		28,472

UBS Commercial Mortgage Trust Series 2017-C7, Class B, 4.29%, 12/15/2050 ‡ (h)		106,000		109,810

Velocity Commercial Capital Loan Trust

Series 2018-2, Class A, 4.05%, 10/26/2048 (c) (h)		109,651		111,075

Series 2019-1, Class M1, 3.94%, 3/25/2049 ‡ (c) (h)		125,824		126,042

Wells Fargo Commercial Mortgage Trust

Series 2016-C35, Class C, 4.18%, 7/15/2048 ‡ (h)		23,000		22,383

Series 2019-C49, Class C, 4.87%, 3/15/2052 ‡ (h)		59,000		61,437


Total Commercial Mortgage-Backed Securities (Cost $6,178,287)				6,076,025

Asset-Backed Securities — 1.5%

United States — 1.5%

Accelerated Assets LLC Series 2018-1, Class C, 6.65%, 12/2/2033 ‡ (c)		127,152		130,243

Chase Funding Trust Series 2003-6, Class 1A7, 5.28%, 11/25/2034 ‡ (b)		72,016		74,053

Credit-Based Asset Servicing and Securitization LLC Series 2004-CB5, Class M1, 1.10%, 1/25/2034 ‡ (h)		83,347		81,806

Drive Auto Receivables Trust Series 2018-3, Class D, 4.30%, 9/16/2024		91,731		92,585


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)



United States — continued

DT Auto Owner Trust

Series 2019-1A, Class D, 3.87%, 11/15/2024 (c)		61,465		62,181

Series 2019-1A, Class E, 4.94%, 2/17/2026 (c)		100,000		102,723

Exeter Automobile Receivables Trust Series 2018-3A, Class D, 4.35%, 6/17/2024 (c)		125,201		126,614

Flagship Credit Auto Trust

Series 2017-4, Class D, 3.58%, 1/15/2024 (c)		253,789		255,843

Series 2017-2, Class E, 5.55%, 7/15/2024 (c)		380,000		380,882

GLS Auto Receivables Issuer Trust Series 2019-2A, Class B, 3.32%, 3/15/2024 (c)		58,538		58,764

JetBlue Pass-Through Trust

Series 2019-1, Class B, 8.00%, 11/15/2027		158,273		178,986

Series 2019-1, Class A, 2.95%, 5/15/2028		45,733		44,287

Series 2020-1, Class B, 7.75%, 11/15/2028		42,096		48,239

Lendmark Funding Trust Series 2019-2A, Class C, 3.72%, 4/20/2028 ‡ (c)		580,000		584,675

Marlette Funding Trust Series 2018-2A, Class C, 4.37%, 7/17/2028 (c)		46,660		46,729

OneMain Direct Auto Receivables Trust

Series 2018-1A, Class B, 3.71%, 4/14/2025 (c)		81,131		81,214

Series 2018-1A, Class D, 4.40%, 1/14/2028 (c)		160,000		160,183

Onemain Financial Issuance Trust Series 2018-1A, Class D, 4.08%, 3/14/2029 ‡ (c)		100,000		100,773

PNMAC GMSR Issuer Trust Series 2018-GT2, Class A, 2.84%, 8/25/2025 (c) (h)		210,000		210,164

Santander Revolving Auto Loan Trust

Series 2019-A, Class C, 3.00%, 1/26/2032 (c)		150,000		151,566

Series 2019-A, Class D, 3.45%, 1/26/2032 (c)		650,000		660,077

Structured Asset Investment Loan Trust

Series 2004-8, Class M3, 1.16%, 9/25/2034 ‡ (h)		33,409		33,363


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Asset-Backed Securities — continued

United States — continued

Series 2005-HE3, Class M1, 0.91%, 9/25/2035 ‡ (h)		38,868		38,705

US Auto Funding Series 2021-1A, Class C, 2.20%, 5/15/2026 (c)		1,125,000		1,091,607


Total Asset-Backed Securities (Cost $4,804,703)				4,796,262

Collateralized Mortgage Obligations — 0.8%

United Kingdom — 0.0% (j)

Brass NO 8 plc Series 8A, Class A1, 1.16%, 11/16/2066 (c) (h)		67,815		68,001


United States — 0.8%

Alternative Loan Trust

Series 2004-25CB, Class A1, 6.00%, 12/25/2034		102,147		101,725

Series 2005-6CB, Class 1A6, 5.50%, 4/25/2035		64,923		62,654

Series 2005-80CB, Class 5A1, 6.00%, 2/25/2036		75,780		76,068

Series 2007-2CB, Class 1A6, 5.75%, 3/25/2037		126,250		90,301

Chase Mortgage Finance Trust Series 2007-A1, Class 1A5, 2.32%, 2/25/2037 (h)		17,840		17,959

CHL Mortgage Pass-Through Trust Series 2007-16, Class A1, 6.50%, 10/25/2037		45,896		28,774

FHLMC Structured Agency Credit Risk Debt Notes Series 2018-HQA1, Class M2, 2.49%, 9/25/2030 (h)		45,535		45,919

FHLMC, REMIC

Series 2916, Class S, IF, IO, 7.06%, 1/15/2035 (h)		1,429,807		224,682

Series 4305, Class SK, IF, IO, 6.41%, 2/15/2044 (h)		461,864		87,194

Series 4689, Class SD, IF, IO, 5.96%, 6/15/2047 (h)		326,038		59,150

Series 4714, Class SA, IF, IO, 5.96%, 8/15/2047 (h)		259,981		47,423

Series 5022, IO, 3.00%, 9/25/2050		466,679		63,128

Series 5023, Class MI, IO, 3.00%, 10/25/2050		827,013		144,577

Series 4839, Class WS, IF, IO, 5.91%, 8/15/2056 (h)		2,056,146		434,925

FNMA, Connecticut Avenue Securities

Series 2015-C03, Class 2M2, 5.19%, 7/25/2025 (h)		2,937		2,937


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


United States — continued

Series 2016-C06, Class 1M2, 4.44%, 4/25/2029 (h)		36,141		37,344

Series 2018-C06, Class 1M2, 2.19%, 3/25/2031 (h)		70,617		70,992

Series 2018-C06, Class 2M2, 2.29%, 3/25/2031 (h)		20,012		20,152

FNMA, REMIC

Series 2010-57, Class ID, IO, 4.00%, 6/25/2025		60,647		778

Series 2012-146, Class AI, IO, 3.00%, 1/25/2028		857,807		43,754

Series 2016-68, Class BI, IO, 3.00%, 10/25/2031		629,220		50,934

Series 2012-93, Class SE, IF, IO, 5.91%, 9/25/2042 (h)		97,007		17,424

Series 2012-124, Class UI, IO, 4.00%, 11/25/2042		98,157		13,572

Series 2012-133, Class NS, IF, IO, 5.96%, 12/25/2042 (h)		168,223		31,236

Series 2015-40, Class LS, IF, IO, 5.98%, 6/25/2045 (h)		243,840		41,464

Series 2016-75, Class SC, IF, IO, 5.91%, 10/25/2046 (h)		602,166		97,187

Series 2017-31, Class SG, IF, IO, 5.91%, 5/25/2047 (h)		847,942		152,888

Series 2017-39, Class ST, IF, IO, 5.91%, 5/25/2047 (h)		243,061		49,549

Series 2017-69, Class SH, IF, IO, 6.01%, 9/25/2047 (h)		369,894		70,237

Series 2019-42, Class SK, IF, IO, 5.86%, 8/25/2049 (h)		639,376		108,937

FNMA, STRIPS Series 409, Class 27, IO, 4.00%, 4/25/2027 (h)		111,309		5,922

GNMA

Series 2017-107, Class KS, IF, IO, 6.04%, 7/20/2047 (h)		222,509		31,419

Series 2019-42, Class SJ, IF, IO, 5.89%, 4/20/2049 (h)		498,704		74,609

Series 2015-H13, Class GI, IO, 1.55%, 4/20/2065 (h)		152,714		4,850

Merrill Lynch Mortgage Investors Trust Series 2004-C, Class A1, 0.75%, 7/25/2029 (h)		46,068		45,332

Structured Adjustable Rate Mortgage Loan Trust Series 2004-8, Class 3A, 2.56%, 7/25/2034 (h)		14,015		14,341


				2,470,337


Total Collateralized Mortgage Obligations (Cost $2,745,160)				2,538,338


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Supranational — 0.4%

African Export-Import Bank (The) 5.25%, 10/11/2023 (a)		200,000		204,000

European Union 0.10%, 10/4/2040 (a)	EUR	1,070,000		1,029,474


Total Supranational (Cost $1,417,063)				1,233,474


	SHARES
Common Stocks — 0.0% (j)

United States — 0.0% (j)

Oasis Petroleum, Inc. (Cost $46,454)		1,711		226,725


	NO. OF WARRANTS
Warrants — 0.0% (j)

United States — 0.0% (j)

Windstream Holdings, Inc. expiring 12/31/2049, price 10.75 USD * ‡ (Cost $—)		16		184


	SHARES

Short-Term Investments — 3.1%

Investment Companies — 3.1%

JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03% (l) (m) (Cost $9,903,539)		9,903,539		9,903,539


Total Investments — 97.4% (Cost $335,374,636)				314,759,454

Other Assets Less Liabilities — 2.6%				8,359,111


NET ASSETS — 100.0%				323,118,565

Percentages indicated are based on net assets.

Abbreviations


AUD		Australian Dollar
BRL		Brazilian Real
CAD		Canadian Dollar
CNY		China Yuan
EUR		Euro
EURIBOR		Euro Interbank Offered Rate
FHLMC		Federal Home Loan Mortgage Corp.
FNMA		Federal National Mortgage Association
GBP		British Pound
GNMA		Government National Mortgage Association
ICE		Intercontinental Exchange
IDR		Indonesian Rupiah


IF		Inverse Floaters represent securities that pay interest at a rate that increases (decreases) with a decline (incline) in a specified index or have an interest rate that adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the rate in effect as of February 28, 2022. The rate may be subject to a cap and floor.
IO		Interest Only represents the right to receive the monthly interest payments on an underlying pool of mortgage loans. The principal amount shown represents the par value on the underlying pool. The yields on these securities are subject to accelerated principal paydowns as a result of prepayment or refinancing of the underlying pool of mortgage instruments. As a result, interest income may be reduced considerably.
JSC		Joint Stock Company
LIBOR		London Interbank Offered Rate
MXN		Mexican Peso
MYR		Malaysian Ringgit
NZD		New Zealand Dollar
OYJ		Public Limited Company
PO		Principal Only represents the right to receive the principal portion only on an underlying pool of mortgage loans. The market value of these securities is extremely volatile in response to changes in market interest rates. As prepayments on the underlying mortgages of these securities increase, the yield on these securities increases.
PT		Limited liability company
REIT		Real Estate Investment Trust
REMIC		Real Estate Mortgage Investment Conduit
Re-REMIC		Combined Real Estate Mortgage Investment Conduit
SOFR		Secured Overnight Financing Rate
STRIPS		Separate Trading of Registered Interest and Principal of Securities. The STRIPS Program lets investors hold and trade individual interest and principal components of eligible notes and bonds as separate securities.
USD		United States Dollar
ZAR		South African Rand

(a)		Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.
(b)		Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown is the current rate as of February 28, 2022.
(c)		Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended.
(d)		Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of February 28, 2022.
(e)		Security is perpetual and thus, does not have a predetermined maturity date. The coupon rate for this security is fixed for a period of time and may be structured to adjust thereafter. The date shown, if applicable, reflects the next call date. The coupon rate shown is the rate in effect as of February 28, 2022.
(f)		Security is an interest bearing note with preferred security characteristics.

Over-the-Counter (“OTC”) Credit default swap contracts outstanding — buy protection (a) as of February 28, 2022:

Centrally Cleared Credit default swap contracts outstanding — buy protection (a) as of February 28, 2022:

Centrally Cleared Credit default swap contracts outstanding — sell protection (e) as of February 28, 2022:


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — 92.8% (a)

Alabama — 3.5%

Black Belt Energy Gas District, Gas Prepay Project No. 5Series 2020A-1, Rev., 4.00%, 10/1/2026 (b)		250,000		271,867

Black Belt Energy Gas District, Gas Project No. 6Series 2021B, Rev., 4.00%, 12/1/2026 (b)		500,000		539,371

Black Belt Energy Gas District, Gas Project No. 7Series 2021C-1, Rev., 4.00%, 12/1/2026 (b)		100,000		107,874

Black Belt Energy Gas District, Gas Project No. 8Series 2022A, Rev., 4.00%, 12/1/2029 (b)		150,000		166,405

Black Belt Energy Gas District, Gas Supply Series 2017A, Rev., LIQ: Royal Bank of Canada, 4.00%, 7/1/2022 (b)		30,000		30,225

City of Pell City, Warrants Series 2015A, GO, 5.00%, 2/1/2025		100,000		110,322

Selma Industrial Development Board, International Paper Co. Project Series 2020A, Rev., 1.37%, 6/16/2025 (b)		100,000		99,391

Southeast Alabama Gas Supply District (The), Project No. 1 Series 2018A, Rev., 4.00%, 4/1/2024 (b)		25,000		26,107

Southeast Energy Authority A Cooperative District, Project No. 2 Series 2021B, Rev., 4.00%, 12/1/2031 (b)		1,815,000		2,058,974

University of Alabama (The), Huntsville General Fee Series B-2, Rev., 5.00%, 9/1/2031		95,000		113,563


Total Alabama				3,524,099


Alaska — 0.5%

Alaska Industrial Development and Export Authority, Tanana Chiefs Conference Project Series 2019A, Rev., 5.00%, 10/1/2024		200,000		216,961

Alaska Municipal Bond Bank Authority

Series 3, Rev., 5.00%, 10/1/2025		20,000		21,823

Series 3, Rev., 5.00%, 12/1/2028		225,000		259,030


Total Alaska				497,814


Arizona — 2.4%

Arizona Industrial Development Authority, Cadence Campus Project

Series 2020A, Rev., 4.00%, 7/15/2030 (c)		125,000		132,772

Series 2020A, Rev., 4.00%, 7/15/2040 (c)		125,000		129,913


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Arizona — continued

Arizona Industrial Development Authority, Equitable School Revolving Fund Series A, Rev., 5.00%, 11/1/2044		250,000		287,548

Arizona Industrial Development Authority, Great Lakes Senior Living Communities LLC Project Series 2019A, Rev., 5.00%, 1/1/2036		250,000		234,364

Arizona Industrial Development Authority, Macombs Facility Project Series 2021A, Rev., 4.00%, 7/1/2051		125,000		131,854

Arizona Industrial Development Authority, Phoenix Children’s Hospital

Series 2020A, Rev., 5.00%, 2/1/2024		55,000		58,845

Series 2020A, Rev., 5.00%, 2/1/2025		70,000		77,120

Series 2020A, Rev., 5.00%, 2/1/2031		150,000		184,017

Series 2020A, Rev., 5.00%, 2/1/2032		200,000		244,482

City of Mesa GO, 5.00%, 7/1/2030		85,000		106,638

City of Mesa, Excise Tax

Rev., 5.00%, 7/1/2030		95,000		118,932

Rev., 5.00%, 7/1/2031		75,000		93,589

Rev., 5.00%, 7/1/2032		185,000		230,437

City of Phoenix Civic Improvement Corp., Junior Lien, Airport System Series 2017D, Rev., 5.00%, 7/1/2026		160,000		182,536

Maricopa County School District No. 3, Tempe Elementary, School Improvement, Project of 2016 Series 2017A, GO, 5.00%, 7/1/2027		30,000		35,303

Maricopa County Unified School District No. 95, Queen Creek, School Improvement

GO, 4.00%, 7/1/2027		40,000		45,140

GO, 4.00%, 7/1/2028		50,000		57,321

Salt Verde Financial Corp. Rev., 5.25%, 12/1/2026		100,000		114,392


Total Arizona				2,465,203


Arkansas — 0.1%

City of Fort Smith, Water and Sewer Construction Rev., 5.00%, 10/1/2024		75,000		81,838


California — 7.6%

Baldwin Park Financing Authority, Rail Crossings Safety Improvements Project Rev., 5.00%, 6/1/2024		100,000		108,266

Brentwood Infrastructure Financing Authority, Civic Center Project Rev., 5.00%, 10/1/2025		45,000		50,418


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

California Health Facilities Financing Authority, Kaiser Permanente Series 2006C, Rev., 5.00%, 11/1/2029 (b)		300,000		370,121

California Health Facilities Financing Authority, On Lok Senior Health Service

Rev., 3.00%, 8/1/2023		100,000		102,168

Rev., 5.00%, 8/1/2040		100,000		118,014

California Municipal Finance Authority, San Antonio Gardens Project Rev., 5.00%, 11/15/2039		150,000		166,550

California Municipal Finance Authority, Sewer Facilities Project Rev., AGM, 5.00%, 8/1/2024		100,000		108,954

California Public Finance Authority, Enso Village Project Series 2021B-1, Rev., 3.13%, 5/15/2029 (c)		200,000		200,373

California State Public Works Board, Various Capital Projects Series 2020D, Rev., 5.00%, 11/1/2028		355,000		429,614

California Statewide Communities Development Authority, Emanate Health, Tax-Exempt Series 2020A, Rev., 5.00%, 4/1/2030		150,000		185,123

California Statewide Communities Development Authority, San Francisco Campus for Jewish Living Project

Rev., 4.00%, 11/1/2027		60,000		66,937

Rev., 4.00%, 11/1/2028		35,000		39,427

Rev., 4.00%, 11/1/2029		145,000		165,176

Chula Vista Municipal Financing Authority Rev., 4.00%, 5/1/2026		60,000		66,162

Chula Vista Municipal Financing Authority, Green Bond Series 2017B, Rev., 4.00%, 12/1/2028		45,000		51,845

City of Los Angeles Department of Airports, International Airport Senior

Series A, Rev., AMT, 5.00%, 5/15/2022		125,000		126,089

Series A, Rev., AMT, 5.00%, 5/15/2033		100,000		109,436

City of Los Angeles Department of Airports, International Airport Subordinate Series 2019E, Rev., AMT, 5.00%, 5/15/2026		10,000		11,424

City of Roseville, 316 Vernon Street Project COP, 5.00%, 8/1/2025		70,000		78,471

City of Santa Rosa, Courthouse Square Project and Lease COP, 4.00%, 10/1/2024		90,000		96,051

City of South Pasadena Rev., 5.00%, 10/1/2024		110,000		120,470


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

County of San Joaquin COP, AGM, 5.00%, 11/15/2027		150,000		178,644

County of Santa Clara, Election of 2008 Series 2017C, GO, 5.00%, 8/1/2033		40,000		47,048

CSCDA Community Improvement Authority, Essential Housing, Pasadena Portfolio Series 2021A-1, Rev., 2.65%, 12/1/2046 (c)		255,000		231,633

Cucamonga Valley Water District Financing Authority

Series 2021B, Rev., 5.00%, 9/1/2032		190,000		243,572

Series 2021B, Rev., 4.00%, 9/1/2033		150,000		177,307

El Centro Financing Authority Series 2021B, Rev., 4.00%, 10/1/2023		210,000		218,728

El Monte City School District, Election of 2014 Series A, GO, 5.00%, 8/1/2025		55,000		61,460

Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Series 2018A-1, Rev., 5.00%, 6/1/2028 (d)		250,000		299,917

Hermosa Beach City School District, Election of 2016 Series 2016A, GO, 4.00%, 8/1/2023		15,000		15,631

Huntington Beach Public Financing Authority Series 2020A, Rev., 5.00%, 5/1/2030		400,000		499,202

Indian Wells Financing Authority, Solar and Infrastructure Project

Rev., 5.00%, 4/1/2029		150,000		181,836

Rev., 5.00%, 4/1/2031		160,000		200,934

Lodi Public Financing Authority Rev., AGM, 5.00%, 9/1/2027		250,000		294,603

Metropolitan Water District of Southern California, Waterworks Series 2019A, Rev., 5.00%, 7/1/2034		25,000		30,320

Municipal Improvement Corp. of Los Angeles, Real Property Series 2014-A, Rev., 5.00%, 5/1/2023 (d)		20,000		20,944

Northern California Power Agency, Hydroelectric Project Series 2019A, Rev., 5.00%, 7/1/2022		20,000		20,290

San Dieguito Union High School District, Election of 2012 Series A-2, GO, 5.00%, 8/1/2024		150,000		158,456

San Francisco City and County Airport Commission, San Francisco International Airport

Series 2016A, Rev., 5.00%, 5/1/2023 (d)		105,000		109,893


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Series 2016A, Rev., 5.00%, 5/1/2026		95,000		108,127

San Jose Evergreen Community College District Series A, GO, 5.00%, 9/1/2022		100,000		102,170

San Jose Evergreen Community College District, Election of 2010 Series C, GO, 5.00%, 9/1/2024 (d)		105,000		114,782

San Ramon Valley Fire Protection District, Public Safety Complex and Fire Training Facility Projects

COP, 4.00%, 8/1/2023		55,000		57,219

COP, 4.00%, 8/1/2032		125,000		144,674

Sanger Unified School District

COP, AGM, 5.00%, 6/1/2034 (e)		400,000		501,342

COP, AGM, 5.00%, 6/1/2035 (e)		425,000		531,573

Santa Cruz County Capital Financing Authority Series 2020A, Rev., 4.00%, 6/1/2025		100,000		108,627

Sequoia Union High School District GO, 5.00%, 7/1/2027		25,000		28,850

Sierra View Local Health Care District Rev., 4.00%, 7/1/2023		165,000		170,719


Total California				7,629,590


Colorado — 4.0%

Colorado Educational & Cultural Facilities Authority, Aspen View Academy Project Rev., 4.00%, 5/1/2036		85,000		91,453

Colorado Educational and Cultural Facilities Authority, Vega Collegiate Academy Project Rev., 5.00%, 2/1/2051 (c)		150,000		159,286

Colorado Health Facilities Authority, Boulder Community Health Project

Rev., 5.00%, 10/1/2022		125,000		127,988

Rev., 5.00%, 10/1/2023		175,000		185,341

Colorado Health Facilities Authority, Tax Exempt Series 2021B-3, Rev., 2.13%, 5/15/2028		295,000		291,859

Colorado Health Facilities Authority, The Evangelical Lutheran Good Samaritan Society Project Rev., 5.00%, 6/1/2026 (d)		210,000		240,094

Colorado Higher Education, Capital Construction, Lease Purchase Financing Program Series 2014A, COP, 5.00%, 11/1/2025		10,000		11,233

Crystal Valley Metropolitan District No. 2, Limited Tax

Series 2020A, GO, AGM, 5.00%, 12/1/2022		50,000		51,533


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Colorado — continued

Series 2020A, GO, AGM, 5.00%, 12/1/2023		135,000		143,692

Series 2020A, GO, AGM, 5.00%, 12/1/2024		175,000		191,634

El Paso County School District No. 49 Falcon COP, 5.00%, 12/15/2028		170,000		204,668

Regional Transportation District Sales Tax, Fastracks ProjectSeries 2013A, Rev., 5.00%, 11/1/2029		215,000		265,775

Regional Transportation District, Denver Transit Partners

Rev., 5.00%, 7/15/2029		130,000		154,712

Rev., 5.00%, 1/15/2030		170,000		203,911

Rev., 5.00%, 7/15/2030		115,000		138,995

Rev., 5.00%, 1/15/2031		250,000		304,601

Rev., 4.00%, 7/15/2036		185,000		206,367

Southlands Metropolitan District No. 1 Series A-1, GO, 5.00%, 12/1/2037		250,000		269,510

State of Colorado Series 2018A, COP, 5.00%, 12/15/2030		115,000		139,117

STC Metropolitan District No. 2, Limited Tax Improvement Series 2019A, GO, 5.00%, 12/1/2038		300,000		317,245

University of Colorado, Enterprise System

Series A-2, Rev., 5.00%, 6/1/2026		40,000		45,964

Series 2021C-3B, Rev., 2.00%, 10/15/2026 (b)		250,000		251,928


Total Colorado				3,996,906


Connecticut — 0.7%

Connecticut State Health and Educational Facilities Authority, Sacred Heart University Series K, Rev., 5.00%, 7/1/2022		250,000		253,547

State of Connecticut Series A, GO, 5.00%, 4/15/2033		135,000		156,274

State of Connecticut, Special Tax Transportation Infrastructure Purposes

Series 2020A, Rev., 5.00%, 5/1/2023		200,000		209,487

Series B, Rev., 5.00%, 8/1/2023		75,000		79,195


Total Connecticut				698,503


Delaware — 0.4%

Delaware State Economic Development Authority, Newark Charter School, Inc. Project

Rev., 4.00%, 9/1/2025		100,000		106,738

Rev., 4.00%, 9/1/2026		140,000		151,184


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Delaware — continued

Delaware State Health Facilities Authority, Bayhealth Medical Center Project Series 2017A, Rev., 5.00%, 7/1/2024		100,000		108,164

Delaware Transportation Authority, Transportation System Rev., 5.00%, 7/1/2022		40,000		40,589


Total Delaware				406,675


District of Columbia — 1.7%

District of Columbia, Income Tax Series 2020C, Rev., 5.00%, 5/1/2033		1,000,000		1,243,465

District of Columbia, International School

Rev., 5.00%, 7/1/2028		115,000		132,449

Rev., 5.00%, 7/1/2039		125,000		143,649

District of Columbia, Kipp DC Project Rev., 4.00%, 7/1/2039		100,000		108,597

District of Columbia, Water and Sewer Authority, Public Utility, Senior Lien Series B, Rev., 5.00%, 10/1/2025		65,000		73,432


Total District of Columbia				1,701,592


Florida — 4.7%

Charlotte County Industrial Development Authority, Town and Country Utilities Project Series 2021A, Rev., AMT, 4.00%, 10/1/2041 (c)		100,000		102,952

City of Cape Coral, Water & Sewer Rev., 5.00%, 10/1/2022		25,000		25,604

City of Jacksonville

Series 2022A, Rev., 5.00%, 10/1/2031 (e)		250,000		308,137

Series 2022A, Rev., 5.00%, 10/1/2032 (e)		200,000		250,560

City of Melbourne GO, 5.00%, 7/1/2030		520,000		650,541

City of Miami Beach, Water & Sewer Rev., 5.00%, 9/1/2033		25,000		29,403

City of Orlando, Capital Improvement

Series D, Rev., 5.00%, 10/1/2022		75,000		76,877

Series B, Rev., 5.00%, 10/1/2024		60,000		65,711

City of Pompano Beach, John Knox Village Project Rev., 3.50%, 9/1/2030		200,000		205,268

City of Tampa, H. Lee Moffitt Cancer Center Project

Series 2020B, Rev., 5.00%, 7/1/2022		50,000		50,713

Series 2020B, Rev., 5.00%, 7/1/2023		50,000		52,594

Series 2020B, Rev., 5.00%, 7/1/2024		50,000		54,178

County of Broward, Port Facilities Series 2019A, Rev., 5.00%, 9/1/2030		50,000		61,303


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Florida — continued

County of Hillsborough, Communications Services Tax Rev., 5.00%, 10/1/2024		40,000		43,829

County of Lee Series 2021A, Rev., AMT, 5.00%, 10/1/2031		400,000		490,743

County of Okaloosa, Sales Tax Rev., 5.00%, 10/1/2024		30,000		32,831

County of Osceola, Sales Tax Series 2016A, Rev., 4.00%, 10/1/2023		10,000		10,430

County of Palm Beach, Palm Beach Atlantic University

Rev., 5.00%, 4/1/2029 (c)		100,000		109,790

Rev., 5.00%, 4/1/2039 (c)		100,000		110,057

County of Seminole, Special Obligation Rev., 4.00%, 10/1/2024		90,000		96,288

East Central Regional Wastewater Treatment Facilities Operation Board, Biosolids Project Rev., 5.00%, 10/1/2024		30,000		32,831

Florida Atlantic University Finance Corp., Student Housing Project Series 2019B, Rev., 5.00%, 7/1/2032		250,000		297,885

Florida Department of Environmental Protection Series 2017A, Rev., 5.00%, 7/1/2024		45,000		48,901

Florida Development Finance Corp., Educational Facilities, River City Science Academy Projects Rev., 4.00%, 7/1/2035		325,000		344,125

Florida Development Finance Corp., The Glenridge on Palmer Ranch Project Rev., 3.00%, 6/1/2023		115,000		116,308

Monroe County School District Series 2018A, COP, 4.00%, 6/1/2025		45,000		48,748

Orange County School Board Series 2015D, COP, 5.00%, 8/1/2025		25,000		27,963

Palm Beach County Health Facilities Authority, Acts Retirement Life Communities, Inc., Obligated Group Rev., 5.00%, 11/15/2032		240,000		272,850

Pinellas County Industrial Development Authority, Drs. Kiran & Pallavi Patel 2017 Foundation for Global Understanding, Inc., Project Rev., 5.00%, 7/1/2029		125,000		137,013

Reedy Creek Improvement District, Ad Valorem Tax Series 2016-A, GO, 5.00%, 6/1/2026		50,000		57,165

Seminole County Industrial Development Authority, Galileo Schools for Gifted Learning Series 2021A, Rev., 4.00%, 6/15/2036 (c)		155,000		164,631


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Florida — continued

State of Florida Board of Education, Public Education Capital Outlay

Series B, GO, 5.00%, 6/1/2024		30,000		32,550

Series B, GO, 5.00%, 6/1/2026		20,000		22,973

Series B, GO, 5.00%, 6/1/2031		75,000		88,044

State of Florida, State Board of Education, Lottery

Series 2016B, Rev., 5.00%, 7/1/2023		40,000		42,163

Series 2016A, Rev., 5.00%, 7/1/2026		75,000		86,379

Tampa Bay Water, Regional Water Supply Authority, Utility System Series C, Rev., 5.00%, 10/1/2025		55,000		62,011

Tampa-Hillsborough County Expressway Authority Series B, Rev., 5.00%, 7/1/2031		40,000		48,064

Tohopekaliga Water Authority, Utility System Rev., 5.00%, 10/1/2025		10,000		11,297


Total Florida				4,769,710


Georgia — 2.1%

Albany-Dougherty Inner City Authority, State University Projects Rev., 5.00%, 7/1/2023		410,000		430,547

Carroll City-County Hospital Authority, Tanner Medical Center Project Rev., GTD, 4.00%, 7/1/2024		200,000		212,948

Clayton County Development Authority, Clayton State University Rev., 5.00%, 7/1/2034		225,000		278,986

Cobb County, Kennestone Hospital Authority, Wellstar Health System, Inc., Project Series 2020B, Rev., 5.00%, 4/1/2022		150,000		150,526

County of DeKalb, Water and Sewerage Series 2006B, Rev., 5.25%, 10/1/2026		25,000		29,216

Forsyth County Water and Sewerage Authority Rev., 5.00%, 4/1/2032		145,000		177,804

Glynn-Brunswick Memorial Hospital Authority, Southeast Georgia Health System Project Rev., 4.00%, 8/1/2037		255,000		288,665

Milledgeville and Baldwin County Development Authority, Georgia College and State University Projects Rev., 5.00%, 6/15/2029		435,000		525,447


Total Georgia				2,094,139


Hawaii — 0.2%

City and County of Honolulu, Tax-Exempt Series D, GO, 5.00%, 9/1/2032		45,000		52,796


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Hawaii — continued

State of Hawaii

Series EE, GO, 5.00%, 11/1/2022 (d)		15,000		15,422

Series EP, GO, 5.00%, 8/1/2023		40,000		42,232

Series FK, GO, 5.00%, 5/1/2033		30,000		34,938

State of Hawaii, Highway Fund Series B, Rev., 5.00%, 1/1/2027		25,000		28,759


Total Hawaii				174,147


Illinois — 3.1%

Champaign County Community Unit School District No. 4 Champaign, School Building GO, 5.00%, 1/1/2027		45,000		51,132

Chicago O’Hare International Airport, General Airport, Senior Lien Series 2017B, Rev., 5.00%, 1/1/2034		40,000		45,934

City of Decatur GO, 5.00%, 3/1/2027		130,000		147,591

Cook and DuPage Counties, Village of Elk Grove GO, 5.00%, 1/1/2029		25,000		29,015

Illinois Finance Authority, Clean Water Initiative Revolving Fund Rev., 5.00%, 7/1/2032		35,000		40,322

Illinois Finance Authority, Social Bonds-Learn Chapter School Project Rev., 4.00%, 11/1/2024		135,000		141,936

Illinois State Toll Highway Authority

Series D, Rev., 5.00%, 1/1/2024		25,000		26,702

Series 2019A, Rev., 5.00%, 1/1/2036		250,000		301,671

Kane McHenry Cook and De Kalb Counties Unit School District No. 300 GO, 5.00%, 1/1/2024		35,000		37,364

Kendall and Kane Counties Community Unit School District No. 115 Series 2017B, GO, 5.00%, 1/1/2027		25,000		29,003

Lake County Forest Preserve District GO, 5.00%, 12/15/2028		165,000		198,505

McLean and Woodford Counties Community Unit School District No. 5 Normal Series 2017A, GO, 4.00%, 12/1/2023		80,000		83,631

Northern Illinois University, Auxiliary Facilities System Series 2020B, Rev., 5.00%, 4/1/2034		200,000		240,032

Northern Illinois University, Board of Trustees, Auxiliary Facilities System

Rev., 5.00%, 10/1/2029		300,000		360,091

Rev., 5.00%, 10/1/2030		325,000		396,030

Southwestern Illinois Development Authority, Flood Prevention District Council Project Rev., 5.00%, 4/15/2030		625,000		765,019


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Illinois — continued

State of Illinois

GO, 5.00%, 4/1/2024		30,000		32,190

Series 2018A, GO, 5.00%, 10/1/2024		30,000		32,615

Village of Bolingbrook Series 2018A, GO, AGM, 5.00%, 1/1/2033		125,000		147,441

Will & Kendall Counties Community Consolidated School District 202 Plainfield GO, 4.00%, 1/1/2023		10,000		10,262


Total Illinois				3,116,486


Indiana — 2.4%

Adams Central Elementary School Building Corp., Ad Valorem Property Tax First Mortgage Rev., 5.00%, 1/15/2027		20,000		23,062

Ball State University, Student Fee Series R, Rev., 5.00%, 7/1/2024		35,000		37,984

City of Goshen, Multi-Family, Green Oaks of Goshen ProjectSeries 2021A, Rev., 5.00%, 8/1/2041 (c)		250,000		227,955

City of Valparaiso Rev., 5.38%, 12/1/2041 (c)		200,000		183,680

Decatur County, Jail Building Corp. Rev., 5.00%, 7/15/2028		250,000		294,147

Hamilton Southeastern Consolidated School Building Corp., Ad Valorem Property Tax First Mortgage Rev., 5.00%, 7/15/2026		25,000		28,663

Indiana Finance Authority

Series C, Rev., 5.00%, 12/1/2025		35,000		39,676

Series 2016C, Rev., 5.00%, 6/1/2027		220,000		256,005

Indiana Finance Authority, Educational Facilities, Valparaiso University Project Rev., 4.00%, 10/1/2035		215,000		237,574

Indiana Finance Authority, Indiana University Health Obligated Group Series 2016A, Rev., 5.00%, 12/1/2022		10,000		10,316

Indiana Finance Authority, Rose-Hulman Institute of Technology Project

Rev., 5.00%, 6/1/2032		140,000		168,488

Rev., 4.00%, 6/1/2034		115,000		128,355

Indiana State University, Housing and Dining System

Rev., 5.00%, 4/1/2028		120,000		142,071

Rev., 5.00%, 4/1/2031		75,000		87,049

Indiana State University, Student Fee Series R, Rev., 5.00%, 10/1/2022		10,000		10,244

Indiana University Series A, Rev., 5.00%, 6/1/2022		25,000		25,278


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Indiana — continued

Indiana University, Student Fee Series Y, Rev., 5.00%, 8/1/2028		25,000		29,494

IPS Multi-School Building Corp., Indiana Unlimited Ad Valorem Property Tax, First Mortgage Rev., 5.00%, 7/15/2029		50,000		60,565

Monroe County Community School Corp. GO, 5.00%, 7/15/2027		250,000		291,526

Perry Township Multi School Building Corp., Ad Valorem Property Tax First Mortgage Rev., 5.00%, 7/15/2025		35,000		39,001

Portage Township Multi-School Building Corp., Ad Valorem Property Tax First Mortgage Rev., 5.00%, 7/15/2028		75,000		89,407


Total Indiana				2,410,540


Iowa — 0.1%

City of Cedar Rapids, Sewer Series 2018D, Rev., 5.00%, 6/1/2022		70,000		70,770

City of West Des Moines, Urban Renewal Series 2016B, GO, 5.00%, 6/1/2024		35,000		37,950

Iowa Finance Authority, State Revolving Fund Rev., 5.00%, 8/1/2027		30,000		35,525


Total Iowa				144,245


Kansas — 0.1%

Johnson County Water District No. 1 Series 2017A, Rev., 5.00%, 1/1/2025		50,000		55,131


Kentucky — 1.8%

Kentucky Economic Development Finance Authority, Baptist Healthcare System Obligated Group Series B, Rev., 5.00%, 8/15/2029		165,000		192,738

Kentucky Public Energy Authority, Gas Supply

Series 2022A-1, Rev., 4.00%, 3/8/2022 (b) (e)		750,000		837,598

Series 2018C-1, Rev., 4.00%, 6/1/2025 (b)		580,000		618,223

Louisville and Jefferson County Metropolitan Government, Norton Healthcare, Inc. Series 2016-A, Rev., 4.00%, 10/1/2036		65,000		70,684

Louisville and Jefferson County Metropolitan Sewer District, Sewer and Drainage System

Series B, Rev., 5.00%, 5/15/2024		25,000		27,069

Series 2017A, Rev., 5.00%, 5/15/2027		40,000		46,393


Total Kentucky				1,792,705


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Louisiana — 1.3%

City of Shreveport, Water and Sewer, Junior Lien Series 2019B, Rev., AGM, 5.00%, 12/1/2032		200,000		237,879

Louisiana Local Government Environmental Facilities and Community Development Authority, Calcasieu Parish Projects Rev., 5.00%, 12/1/2030		250,000		305,392

Louisiana Public Facilities Authority, Materra Campus Project Series 2021C, Rev., 4.00%, 6/1/2031 (c)		245,000		249,882

Louisiana Public Facilities Authority, Tulane University Project

Series 2020A, Rev., 5.00%, 4/1/2029		220,000		264,263

Series 2020A, Rev., 5.00%, 4/1/2030		135,000		165,024

State of Louisiana Series 2016-B, GO, 4.00%, 8/1/2026		30,000		33,268

State of Louisiana Gasoline and Fuels Tax Series 2012A-1, Rev., 5.00%, 5/1/2022 (d)		55,000		55,404


Total Louisiana				1,311,112


Maine — 0.5%

Maine Health and Higher Educational Facilities Authority

Series 2020A, Rev., 4.00%, 7/1/2022 (d)		225,000		227,490

Series 2020A, Rev., 5.00%, 7/1/2023 (d)		125,000		131,539

Maine Municipal Bond Bank

Series C, Rev., 5.00%, 11/1/2024		75,000		82,348

Series 2018A, Rev., GAN, 5.00%, 9/1/2026		45,000		51,978


Total Maine				493,355


Maryland — 1.5%

County of Baltimore, Consolidated Public Improvement GO, 5.00%, 8/1/2022 (d)		100,000		101,806

County of St. Mary’s, Public Improvement GO, 4.00%, 7/15/2027		70,000		79,278

Maryland Economic Development Corp., Bowie State University Project Rev., 4.00%, 7/1/2040		200,000		216,619

Maryland Health and Higher Educational Facilities Authority, Stevenson University Project

Rev., 5.00%, 6/1/2033		200,000		242,829

Rev., 4.00%, 6/1/2046		250,000		272,558

State of Maryland, Department of Transportation Rev., 5.00%, 9/1/2026		75,000		86,700


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Maryland — continued

State of Maryland, State and Local Facilities Loan of 2017 Series 2017A, GO, 5.00%, 8/1/2025		45,000		50,574

State of Maryland, State and Local Facilities Loan of 2020 Series 2020A, GO, 5.00%, 8/1/2035		300,000		376,133

Washington Suburban Sanitary Commission, Consolidated Public Improvement Rev., GTD, 5.00%, 6/15/2030		40,000		47,008


Total Maryland				1,473,505


Massachusetts — 1.8%

City of Boston Series 2017A, GO, 5.00%, 4/1/2025		10,000		11,137

Commonwealth of Massachusetts Series C, GO, 5.00%, 10/1/2026		25,000		28,964

Massachusetts Bay Transportation Authority, Sales Tax Series A, Rev., 5.00%, 7/1/2022		20,000		20,291

Massachusetts Development Finance Agency, Mass General Brigham Issue Series 2020A-1, Rev., 5.00%, 1/31/2030 (b)		500,000		611,930

Massachusetts Development Finance Agency, Milford Regional Medical Center Series G, Rev., 5.00%, 7/15/2037 (c)		245,000		289,621

Massachusetts Development Finance Agency, Southcoast Health System Obligated Group Issue Series 2021G, Rev., 5.00%, 7/1/2035		200,000		249,238

Massachusetts Development Finance Agency, Wellforce Issue

Series 2020C, Rev., AGM, 5.00%, 10/1/2030		175,000		216,798

Series 2020C, Rev., AGM, 5.00%, 10/1/2031		215,000		265,574

Massachusetts State College Building Authority Series D, Rev., 5.00%, 5/1/2027		45,000		52,797

Town of Hopkinton, Municipal Purpose Loan GO, 5.00%, 11/15/2024		30,000		33,028


Total Massachusetts				1,779,378


Michigan — 0.6%

Berrien Springs Public Schools, School Building & Site, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2030		250,000		307,705

City of Grand Rapids, Sanitary Sewer System Rev., 5.00%, 1/1/2030		30,000		37,378


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Michigan — continued

Michigan Finance Authority, Lawrence Technological University Rev., 4.00%, 2/1/2032		95,000		103,025

Michigan State Hospital Finance Authority, Trinity Health Credit Group Series C, Rev., 5.00%, 12/1/2025		25,000		28,164

Western Michigan University, Tax Exempt Series 2021A, Rev., AGM, 5.00%, 11/15/2031		125,000		156,895


Total Michigan				633,167


Minnesota — 0.4%

Bloomington Independent School District No. 271, Bloomington Public Schools Series 2019A, GO, 5.00%, 2/1/2028		25,000		29,231

City of Bloomington Series 2021-55, GO, 5.00%, 2/1/2027		80,000		93,665

City of Hopkins Series 2017B, GO, 4.00%, 2/1/2025		20,000		21,513

City of Woodbury, Charter School Lease, Woodbury Leadership Academy Project Series 2021A, Rev., 4.00%, 7/1/2031		175,000		187,971

Duluth Economic Development Authority, Benedictine Health System Series 2021A, Rev., 3.00%, 7/1/2024		100,000		101,738

University of Minnesota Series B, Rev., 5.00%, 12/1/2025		15,000		16,986


Total Minnesota				451,104


Mississippi — 0.2%

Mississippi State University Educational Building Corp., New Facilities and Refinancing Project Rev., 5.00%, 8/1/2025		35,000		39,074

State of Mississippi

Series 2015F, GO, 5.00%, 11/1/2025 (d)		35,000		39,528

Series B, GO, 5.00%, 12/1/2025		20,000		22,672

Series 2018A, GO, 5.00%, 11/1/2026 (d)		60,000		69,638

University of Mississippi Educational Building Corp., Facilities Refinancing Project Series 2016A, Rev., 5.00%, 10/1/2030		40,000		45,787


Total Mississippi				216,699


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Missouri — 1.1%

Bi-State Development Agency of the Missouri-Illinois Metropolitan District, St. Clair County Metrolink Project Rev., AGM, 5.25%, 7/1/2024		40,000		43,590

City of Kansas City, Sanitary Sewer System Series B, Rev., 5.00%, 1/1/2033		25,000		29,671

Health and Educational Facilities Authority of the State of Missouri, City Art Institute Rev., 5.00%, 9/1/2030		200,000		235,489

Health and Educational Facilities Authority of the State of Missouri, St. Luke’s Episcopal-Presbyterian Hospitals Series 2015B, Rev., 5.00%, 12/1/2026		165,000		181,859

Health and Educational Facilities Authority of the State of Missouri, St. Luke’s Health System, Inc. Rev., 5.00%, 11/15/2029		300,000		340,621

Health and Educational Facilities Authority of the State of Missouri, Wright Memorial Hospital Rev., 5.00%, 9/1/2026		200,000		224,237

Metropolitan St. Louis Sewer District, Wastewater System Improvement Series 2017A, Rev., 5.00%, 5/1/2027		45,000		53,018

Missouri Development Finance Board, Fulton State Hospital Project Rev., 5.00%, 10/1/2025		25,000		27,393


Total Missouri				1,135,878


Montana — 0.0% (f)

County of Missoula GO, 4.00%, 7/1/2025		50,000		54,293


Nebraska — 1.0%

Central Plains Energy Project, Gas Project No. 3 Series 2017A, Rev., 5.00%, 9/1/2030		320,000		383,141

City of Lincoln, Electric System

Rev., 5.00%, 9/1/2026		85,000		97,780

Rev., 5.00%, 9/1/2028		50,000		58,509

City of Omaha, Sanitary Sewerage System Rev., 5.00%, 4/1/2027		50,000		57,148

Douglas County, Omaha School District No. 001 GO, 5.00%, 12/15/2026		30,000		35,051

Nebraska Educational Health Cultural and Social Services Finance Authority, Immanuel Retirement Communities Obligated Group Series 2019A, Rev., 4.00%, 1/1/2033		250,000		272,118

Omaha Public Power District, Electric System

Series B, Rev., 5.00%, 2/1/2025		20,000		21,791


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Nebraska — continued

Series 2016A, Rev., 5.00%, 2/1/2026		40,000		45,491

Series 2016A, Rev., 5.00%, 2/1/2027		30,000		34,119

University of Nebraska Facilities Corp., UNMC Global Center Project Rev., 5.00%, 12/15/2025		35,000		39,775


Total Nebraska				1,044,923


Nevada — 0.5%

City of Sparks, Senior Sales Tax Series 2019A, Rev., 2.50%, 6/15/2024 (c)		65,000		65,251

Clark County School District, Limited Tax

Series 2018A, GO, 5.00%, 6/15/2032		95,000		112,929

Series 2018A, GO, 4.00%, 6/15/2035		90,000		101,134

County of Clark, Indexed Fuel Tax and Subordinate Motor Vehicle Fuel Tax Rev., 5.00%, 7/1/2028		25,000		29,321

County of Clark, Passenger Facility Charge, Las Vegas-McCarran International Airport Passenger Facility Series 2019E, Rev., 5.00%, 7/1/2033		155,000		187,329

Truckee Meadows Water Authority Rev., 5.00%, 7/1/2029		50,000		58,782


Total Nevada				554,746


New Hampshire — 0.3%

New Hampshire Business Finance Authority, Springpoint Senior Living Project Rev., 4.00%, 1/1/2025		290,000		305,550


New Jersey — 2.9%

Burlington County Bridge Commission, Governmental Loan Program Rev., 5.00%, 4/1/2029		250,000		304,545

City of New Brunswick GO, 4.00%, 3/15/2024		10,000		10,554

City of North Wildwood GO, 5.00%, 8/1/2022		10,000		10,178

New Jersey Economic Development Authority, Biomedical Research Facilities Series 2016A, Rev., 5.00%, 7/15/2028		260,000		293,170

New Jersey Economic Development Authority, School Facilities Construction Series II, Rev., 5.00%, 3/1/2022 (d)		115,000		115,000

New Jersey Transportation Trust Fund Authority Series 2020AA, Rev., 4.00%, 6/15/2035		130,000		142,704


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New Jersey — continued

New Jersey Transportation Trust Fund Authority, Transportation System Series 2018A, Rev., 4.00%, 12/15/2031		250,000		276,224

New Jersey Turnpike Authority Series D, Rev., 5.00%, 1/1/2028		200,000		227,965

Passaic County Improvement Authority (The), City of Paterson Project Rev., 5.00%, 6/15/2025		10,000		11,152

State of New Jersey, COVID-19 Emergency Bonds GO, 5.00%, 6/1/2028		1,000,000		1,187,896

Tobacco Settlement Financing Corp. Series 2018A, Rev., 5.00%, 6/1/2027		265,000		303,278


Total New Jersey				2,882,666


New Mexico — 0.7%

City of Albuquerque, General Purpose Series 2016A, GO, 5.00%, 7/1/2023		75,000		78,974

City of Albuquerque, Gross Receipts Tax Series 2015A, Rev., 5.00%, 7/1/2026		240,000		268,312

New Mexico Finance Authority, Senior Lien Public Project Revolving Fund

Series 2016C, Rev., 5.00%, 6/1/2022		30,000		30,330

Series 2016E, Rev., 5.00%, 6/1/2024		25,000		27,095

New Mexico Finance Authority, State Transportation, Subordinate Lien Series 2108A, Rev., 5.00%, 6/15/2027		100,000		117,832

New Mexico Hospital Equipment Loan Council, Presbyterian Healthcare Services Series 2015A, Rev., 5.00%, 8/1/2025		25,000		28,016

University of New Mexico (The), Subordinate Lien System Improvement Rev., 5.00%, 6/1/2028		140,000		163,820


Total New Mexico				714,379


New York — 8.9%

Broome County Local Development Corp., Good Shepherd Village at Endwell, Inc. Rev., 3.50%, 7/1/2026		210,000		220,503

Build NYC Resource Corp., New World Preparatory Charter School Project

Series 2021A, Rev., 4.00%, 6/15/2041		100,000		104,984

Series 2021A, Rev., 4.00%, 6/15/2051		150,000		155,053

City of New York, Fiscal Year 2008 Series 2008L, Subseries L-5, GO, 5.00%, 4/1/2034		300,000		372,866

City of New York, Fiscal Year 2013

Series 2013J, GO, 5.00%, 8/1/2023		40,000		42,231


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

Series I, GO, 5.00%, 8/1/2023		25,000		26,395

City of New York, Fiscal Year 2014 Series 2014E, GO, 5.00%, 8/1/2027		35,000		36,897

City of New York, Fiscal Year 2017 Series C, GO, 4.00%, 8/1/2022		10,000		10,139

County of Onondaga GO, 5.00%, 3/15/2026		20,000		21,543

Dutchess County Local Development Corp., The Culinary Institute of America Rev., 5.00%, 7/1/2025		100,000		110,180

Erie County Water Authority Rev., 5.00%, 12/1/2027		30,000		34,985

Longwood Central School District, Suffolk County GO, 5.00%, 6/15/2025		175,000		196,473

Metropolitan Transportation Authority, Dedicated Tax Fund Series 2016A, Rev., 5.00%, 11/15/2023		315,000		335,638

Monroe County Industrial Development Corp., Highland Hospital of Rochester Project Rev., 5.00%, 7/1/2022		195,000		197,760

Monroe County Industrial Development Corp., Rochester Schools Modernization Project Rev., 5.00%, 5/1/2030		80,000		88,428

New York City Transitional Finance Authority, Building Aid, Fiscal Year 2019 Series S-2A, Rev., 5.00%, 7/15/2025		50,000		56,031

New York City Transitional Finance Authority, Future Tax Secured Series B, Subseries B-1, Rev., 5.00%, 8/1/2035		1,500,000		1,879,417

New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2015

Series C, Rev., 5.00%, 11/1/2022		25,000		25,695

Series 2015A-1, Rev., 5.00%, 8/1/2029		50,000		54,290

New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2017 Series 2017E1, Rev., 5.00%, 2/1/2030		150,000		173,457

New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2018 Series 1, Rev., 5.00%, 11/1/2026		25,000		29,016

New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2019 Series 2019C-1, Rev., 5.00%, 11/1/2034		110,000		133,364

New York City Transitional Finance Authority, Future Tax Secured, Tax-Exempt, Fiscal Year 2013

Series 2013G, Rev., 5.00%, 11/1/2026		30,000		31,355


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

New York City Transitional Finance Authority, Future Tax Secured, Tax-Exempt, Fiscal Year 2014 Series D, Subseries D-1, Rev., 5.00%, 2/1/2026		30,000		32,133

New York City Transitional Finance Authority, Future Tax Secured, Tax-Exempt, Fiscal Year 2016 Subseries B-1, Rev., 5.00%, 11/1/2029		125,000		140,505

New York City Transitional Finance Authority, Future Tax Secured, Tax-Exempt, Fiscal Year 2017

Series C, Rev., 4.00%, 11/1/2024		45,000		48,282

Subseries A-1, Rev., 5.00%, 5/1/2029		65,000		73,926

Series B, Subseries B-1, Rev., 5.00%, 8/1/2030		195,000		223,025

New York State Dormitory Authority, Columbia University Series B, Rev., 5.00%, 10/1/2038		25,000		29,789

New York State Dormitory Authority, Cornell University Series 2019D, Rev., 5.00%, 7/1/2033		135,000		179,355

New York State Dormitory Authority, Maimonides Medical Center, FHA-Insured Mortgage Hospital Rev., FHA, 5.00%, 8/1/2024		275,000		299,762

New York State Dormitory Authority, Montefiore Obligated Group Series 2020A, Rev., 4.00%, 9/1/2050		100,000		107,345

New York State Dormitory Authority, State Personal Income Tax, General Purpose

Series 2015E, Rev., 5.00%, 3/15/2022		25,000		25,041

Series 2015A, Rev., 4.00%, 3/15/2023 (d)		25,000		25,804

Series 2018A, Rev., 5.00%, 3/15/2031		25,000		30,074

New York State Dormitory Authority, State University Dormitory Facilities Series 2018A, Rev., 5.00%, 7/1/2024		300,000		325,790

New York State Environmental Facilities Corp., State Clean Water and Drinking Water Revolving Funds, Municipal Water Finance Authority Projects — Second Resolution Series 2019B, Rev., 5.00%, 6/15/2031		100,000		123,191

New York State Urban Development Corp., State Personal Income Tax, General Purpose

Series 2016A, Rev., 5.00%, 3/15/2026		45,000		51,275


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

Series 2017A, Rev., 5.00%, 3/15/2026		125,000		142,430

Series 2020C, Rev., 5.00%, 3/15/2026		45,000		51,275

Series 2016A, Rev., 5.00%, 3/15/2027		30,000		34,208

Series 2013A-1, Rev., 5.00%, 3/15/2028		25,000		26,032

Series 2016A, Rev., 5.00%, 3/15/2028		75,000		85,331

Series 2017-A, Rev., 5.00%, 3/15/2028		150,000		175,614

New York State Urban Development Corp., State Sales Tax Series 2021A, Rev., 5.00%, 3/15/2036		580,000		730,847

Onondaga Civic Development Corp., Le Moyne College Project

Rev., 5.00%, 7/1/2027		100,000		114,857

Rev., 5.00%, 7/1/2028		210,000		244,680

Rev., 5.00%, 7/1/2031		360,000		436,324

Orange County Funding Corp., Mount Saint Mary College Project Series 2012B, Rev., 4.00%, 7/1/2023		200,000		201,198

Port Authority of New York and New Jersey, Consolidated Series 205, Rev., 5.00%, 11/15/2028		30,000		35,620

Smithtown Central School District GO, 5.00%, 8/1/2022		70,000		71,276

Suffolk County Economic Development Corp., St. Johnland Assisted Living Inc., Project Rev., 5.13%, 11/1/2041 (c)		340,000		329,934

Westchester County Local Development Corp., Purchase Senior Learning Community, Inc. Project Series 2021D, Rev., 2.88%, 7/1/2026 (c)		250,000		246,126


Total New York				8,977,749


North Carolina — 1.0%

County of Davidson GO, 5.00%, 6/1/2027		35,000		41,223

County of Duplin Rev., 5.00%, 6/1/2028 (e)		165,000		194,540

County of Randolph, Limited Obligation Rev., 5.00%, 10/1/2030		245,000		307,919

County of Wayne, Limited Obligation Rev., 5.00%, 6/1/2024		25,000		27,072

North Carolina Turnpike Authority, Triangle Expressway System Rev., BAN, 5.00%, 2/1/2024		400,000		426,942

State of North Carolina, Build NC Programs, Limited Obligation Series C, Rev., 5.00%, 5/1/2024		25,000		27,024


Total North Carolina				1,024,720


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Ohio — 5.0%

Akron Bath Copley Joint Township Hospital District, Summa Health Obligated Group Rev., 5.00%, 11/15/2029		330,000		395,065

American Municipal Power, Inc., Greenup Hydroelectric Projects Series 2016A, Rev., 5.00%, 2/15/2030		25,000		28,093

Bowling Green State University, General Receipts Series 2016A, Rev., 5.00%, 6/1/2024		25,000		27,009

Buckeye Tobacco Settlement Financing Authority Series 2020A-2, Class 1, Rev., 4.00%, 6/1/2048		250,000		262,535

City of Middleburg Heights, Southwest General Health Center Project, Tax-Exempt Series 2020A, Rev., 4.00%, 8/1/2022		150,000		152,015

City of Reynoldsburg, Limited Tax, Capital Facilities GO, 5.00%, 12/1/2026		15,000		17,402

County of Warren, Healthcare Facilities, Otterbein Homes Obligated Group Series 2019A, Rev., 4.00%, 7/1/2033		205,000		227,735

Ohio Higher Educational Facility Commission, Denison University Project Series 2017A, Rev., 5.00%, 11/1/2025		75,000		84,417

Ohio Higher Educational Facility Commission, Tiffin University 2019 Project Rev., 5.00%, 11/1/2034		125,000		137,561

Ohio Higher Educational Facility Commission, University of Findlay 2019 Project

Rev., 5.00%, 3/1/2027		55,000		61,504

Rev., 5.00%, 3/1/2034		160,000		179,955

Ohio Higher Educational Facility Commission, Xavier University 2020 Project

Rev., 5.00%, 5/1/2023		195,000		203,483

Rev., 5.00%, 5/1/2024		245,000		262,975

Ohio Turnpike and Infrastructure Commission, Junior Lien

Series A, Rev., 5.00%, 2/15/2027		135,000		157,442

Series 2022A, Rev., 5.00%, 2/15/2033 (e)		500,000		626,238

Ohio Water Development Authority, Drinking Water Assistance Series 2021A, Rev., 5.00%, 12/1/2033		625,000		797,127

Ohio Water Development Authority, Fresh Water Series 2016B, Rev., 5.00%, 6/1/2026		30,000		34,486


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Ohio — continued

Ohio Water Development Authority, Water Pollution Control Loan Fund Series 2017A, Rev., 5.00%, 12/1/2026		45,000		52,432

South-Western City School District, School Facilities Construction and Improvement GO, 5.00%, 6/1/2022 (d)		160,000		161,760

State of Ohio, Capital Facilities Lease Appropriation Mental Health Facilities Improvement Fund Projects Series 2018A, Rev., 5.00%, 6/1/2025		25,000		27,873

State of Ohio, Cleveland Clinic Health System Obligated Group Series 2017A, Rev., 5.00%, 1/1/2028		25,000		29,692

State of Ohio, Infrastructure Improvement Series 2018A, GO, 5.00%, 9/1/2028		25,000		30,323

State of Ohio, Natural Resources Series V, GO, 5.00%, 10/1/2027		35,000		41,567

Youngstown State University, General Receipts Rev., AGM, 4.00%, 12/15/2031		875,000		1,031,630


Total Ohio				5,030,319


Oklahoma — 0.4%

Cleveland County Educational Facilities Authority, Norman Public Schools Project Rev., 5.00%, 6/1/2025		150,000		167,138

Oklahoma Capitol Improvement Authority, Capitol Repair Project

Series C, Rev., 5.00%, 1/1/2030		10,000		11,745

Series 2018C, Rev., 5.00%, 1/1/2036		45,000		52,303

Oklahoma Capitol Improvement Authority, State Highway, Capital Improvement Rev., 5.00%, 7/1/2024		100,000		108,428

Oklahoma Water Resources Board, Clean Water Program Rev., 5.00%, 4/1/2023		35,000		36,536


Total Oklahoma				376,150


Oregon — 1.4%

County of Multnomah Series 2021A, GO, 5.00%, 6/15/2029		750,000		923,127

Hillsboro School District No. 1J GO, 5.00%, 6/15/2028		25,000		29,570

Salem Hospital Facility Authority, Capital Manor Project Rev., 4.00%, 5/15/2040		375,000		401,600

Tri-County Metropolitan Transportation District of Oregon, Senior Lien Payroll Tax Series 2018A, Rev., 5.00%, 9/1/2027 (d)		45,000		53,445


Total Oregon				1,407,742


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pennsylvania — 4.1%

Aliquippa School District, Limited Tax GO, 3.88%, 12/1/2037		200,000		218,502

Berks County Industrial Development Authority, The Highlands at Wyomissing Series 2017A, Rev., 5.00%, 5/15/2037		250,000		276,830

Bucks County Community College Authority Series 2019A, Rev., GTD, 5.00%, 6/15/2033		35,000		41,642

Chester County Industrial Development Authority, Longwood Gardens Project Rev., 4.00%, 12/1/2024		35,000		37,212

Commonwealth Financing Authority, Tobacco Master Settlement Payment Rev., 5.00%, 6/1/2035		225,000		263,127

County of Chester GO, 5.00%, 11/15/2027		30,000		35,874

County of Lehigh, Lehigh Valley Health Network Hospital Series 2016A, Rev., 4.00%, 7/1/2035		175,000		188,402

Delaware Valley Regional Finance Authority, Local Government Series 2021A, Rev., 2.00%, 10/1/2029		25,000		24,782

Erie City Water Authority Series 2019D, Rev., 5.00%, 12/1/2027		65,000		76,433

Geisinger Authority, Health System

Series 2020B, Rev., 5.00%, 2/15/2027 (b)		250,000		286,790

Series 2020A, Rev., 4.00%, 4/1/2039		335,000		372,095

Lancaster County Hospital Authority, St. Anne’s Retirement Community, Inc., Project Rev., 5.00%, 3/1/2040		250,000		273,435

Montgomery County Higher Education and Health Authority, Arcadia University Rev., 5.00%, 4/1/2034		250,000		293,190

Montgomery County Higher Education and Health Authority, Thomas Jefferson University Series 2018A, Rev., 4.00%, 9/1/2038		135,000		147,892

Northampton County General Purpose Authority, Moravian College Project Rev., 5.00%, 10/1/2027		185,000		209,575

Pennsylvania Higher Educational Facilities Authority, State System of Higher Education Series 2017AU-1, Rev., 5.00%, 6/15/2026		70,000		80,144

Pennsylvania Turnpike Commission

Series A-1, Rev., 5.00%, 12/1/2029		105,000		124,352

Series A-1, Rev., 5.00%, 12/1/2031		60,000		70,806


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Pennsylvania — continued

Series 2020B, Rev., 5.00%, 12/1/2033		280,000		349,652

Seneca Valley School District Series 2015C, GO, 5.00%, 3/1/2028		30,000		33,204

State Public School Building Authority, Delaware County Community College Project Rev., 5.00%, 10/1/2027		25,000		28,687

Township of Palmer

Series 2020C, GO, 4.00%, 11/15/2031		300,000		341,088

Series 2020C, GO, 4.00%, 11/15/2032		275,000		311,808

Township of Upper St. Clair Series 2016A, GO, 4.00%, 6/1/2025		20,000		21,652


Total Pennsylvania				4,107,174


Rhode Island — 0.1%

State of Rhode Island and Providence Plantations Consolidated Capital Development Loan Series 2018A, GO, 5.00%, 4/1/2029		75,000		89,649


South Carolina — 1.2%

Charleston County Airport District Rev., 5.00%, 7/1/2035		250,000		300,843

South Carolina Jobs-Economic Development Authority, Episcopal Home at Still Hopes Series 2018A, Rev., 5.00%, 4/1/2033		125,000		133,660

South Carolina Jobs-Economic Development Authority, Wofford College Project Rev., 5.00%, 4/1/2029		10,000		11,924

University of South Carolina, Athletic Facilities Series 2022A, Rev., 5.00%, 5/1/2034 (e)		585,000		738,284


Total South Carolina				1,184,711


South Dakota — 0.1%

City of Rapid City, Sales Tax Rev., 5.00%, 12/1/2023		25,000		26,655

South Dakota Board of Regents Housing and Auxiliary Facilities System Rev., 5.00%, 4/1/2027		35,000		40,147

South Dakota Conservancy District, State Revolving Fund Program Rev., 5.00%, 8/1/2025		35,000		39,298


Total South Dakota				106,100


Tennessee — 2.1%

City of Johnson City Series 2016A, GO, 5.00%, 6/1/2023		15,000		15,748

City of Memphis, Sanitary Sewerage System Series 2020B, Rev., 5.00%, 10/1/2033		535,000		670,672

City of Murfreesboro GO, 4.00%, 4/1/2025		25,000		26,398


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Tennessee — continued

County of Maury GO, 5.00%, 4/1/2027		40,000		46,795

County of Montgomery, Public Improvement GO, 5.00%, 4/1/2027		25,000		29,247

County of Robertson GO, 5.00%, 6/1/2025		25,000		27,890

County of Sullivan GO, 5.00%, 5/1/2026		30,000		34,341

County of Washington Series 2016A, GO, 4.00%, 6/1/2027		50,000		55,262

County of Williamson GO, 5.00%, 4/1/2024		20,000		21,574

Metropolitan Government of Nashville and Davidson County

GO, 5.00%, 7/1/2022 (d)		20,000		20,288

Series 2015A, GO, 5.00%, 7/1/2025		10,000		11,193

Metropolitan Government of Nashville and Davidson County, Electric System Series 2017A, Rev., 5.00%, 5/15/2024		10,000		10,823

Shelby County Health Educational and Housing Facilities Board, The Farms at Bailey Station Project

Series 2019A, Rev., 5.00%, 10/1/2029		150,000		153,167

Series 2019A, Rev., 5.50%, 10/1/2034		150,000		156,600

State of Tennessee Series A, GO, 5.00%, 9/1/2024 (d)		25,000		27,323

Tennergy Corp., Gas Supply Series 2021A, Rev., 4.00%, 9/1/2028 (b)		300,000		331,157

Tennessee Energy Acquisition Corp., Commodity Project Series 2021A, Rev., 5.00%, 11/1/2031 (b)		400,000		481,116

Tennessee Energy Acquisition Corp., Gas Project Series 2017A, Rev., 4.00%, 5/1/2023 (b)		20,000		20,528


Total Tennessee				2,140,122


Texas — 5.8%

Alamo Community College District, Limited Tax GO, 5.00%, 2/15/2024		75,000		80,543

Board of Regents of the University of Texas System, Financing System

Series 2016D, Rev., 5.00%, 8/15/2024		50,000		54,543

Series 2020A, Rev., 5.00%, 8/15/2030		250,000		316,161

Brushy Creek Regional Utility Authority, Inc., Brushy Creek Regional Water Treatment and Distribution Project Rev., 5.00%, 8/1/2026		85,000		97,255

City of Austin, Airport System Series 2019B, Rev., AMT, 5.00%, 11/15/2029		240,000		286,944


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

City of Corpus Christi, Certificates of Obligation Series 2016A, GO, 4.00%, 3/1/2026		200,000		219,006

City of Houston, Airport System, Subordinate Lien Series 2021A, Rev., AMT, 5.00%, 7/1/2033		250,000		303,478

City of Houston, Combined Utility System, First Lien Series 2018D, Rev., 5.00%, 11/15/2030		45,000		54,405

City of Hutto, Waterworks and Sewer System GO, 5.00%, 8/1/2026		80,000		91,755

City of League City, Combination Tax GO, 5.00%, 2/15/2027		20,000		22,737

City of Pflugerville, Limited Tax GO, 5.00%, 8/1/2026		25,000		28,754

City of San Angelo GO, 5.00%, 2/15/2027		20,000		23,221

City of San Marcos, Combination Tax, Certificates of Obligation GO, 5.00%, 8/15/2031		170,000		199,739

Clifton Higher Education Finance Corp., Yes Prep Public Schools, Inc.

Rev., PSF-GTD, 5.00%, 4/1/2029		100,000		121,818

Rev., PSF-GTD, 5.00%, 4/1/2030		185,000		226,918

Rev., PSF-GTD, 4.00%, 4/1/2031		175,000		202,028

Clint Independent School District, Unlimited Tax Series 2015A, GO, PSF-GTD, 5.00%, 2/15/2024		25,000		26,827

County of Fort Bend, Unlimited Tax Series 2016B, GO, 5.00%, 3/1/2022		35,000		35,000

County of Harris, Unlimited Tax Series 2017A, GO, 5.00%, 10/1/2026		25,000		28,976

County of Hays, Limited Tax GO, 5.00%, 2/15/2026		20,000		22,704

County of Montgomery, Unlimited Tax GO, 5.00%, 3/1/2025		25,000		27,647

County of Williamson, Limited Tax GO, 5.00%, 2/15/2026		40,000		45,606

Cypress-Fairbanks Independent School District, Unlimited Tax Series 2015A, GO, PSF-GTD, 5.00%, 2/15/2025		20,000		22,120

Dallas Fort Worth International Airport Rev., 5.00%, 11/1/2022		100,000		102,659

Laredo Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 8/1/2024		25,000		27,207

Los Fresnos Consolidated Independent School District GO, PSF-GTD, 5.00%, 8/15/2026		520,000		598,216


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

Lower Colorado River Authority, LCRA Transmission Services Corp. Project Rev., 5.00%, 5/15/2035		155,000		183,073

Metropolitan Transit Authority of Harris County, Sales and Use Tax Series 2017A, Rev., 5.00%, 11/1/2025		45,000		50,891

Metropolitan Transit Authority of Harris County, Sales and Use Tax, Contractual Obligations Series B, Rev., 5.00%, 11/1/2029		25,000		29,524

North East Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 8/1/2025		20,000		22,463

North Texas Municipal Water District, Wastewater System Rev., 5.00%, 6/1/2027		20,000		23,501

Northside Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 8/15/2024		65,000		71,022

Old Spanish Trail-Alemda Corridors Redevelopment Authority Rev., 5.00%, 9/1/2028		125,000		147,713

Pearland Independent School District, Unlimited Tax Series 2016A, GO, PSF-GTD, 5.00%, 2/15/2023		25,000		25,987

Permanent University Fund — University of Texas System Series 2016A, Rev., 5.00%, 7/1/2024		85,000		92,389

Prosper Independent School District, Unlimited Tax School Building GO, PSF-GTD, 5.00%, 2/15/2037		25,000		29,937

San Antonio Education Facilities Corp., Hallmark University Project Series 2021A, Rev., 5.00%, 10/1/2041		100,000		103,459

San Antonio Water System, Junior Lien Series 2017A, Rev., 5.00%, 5/15/2025		25,000		27,854

Sherman Independent School District, Unlimited Tax Series 2018A, GO, PSF-GTD, 5.00%, 2/15/2030		25,000		29,780

Socorro Independent School District, Unlimited Tax Series 2017A, GO, PSF-GTD, 5.00%, 8/15/2028		50,000		59,263

State of Texas, Transportation Commission Mobility Fund Series 2015-A, GO, 5.00%, 10/1/2024		50,000		54,773

Stephen F Austin State University, Financing System Series 2019A, Rev., 5.00%, 10/15/2026		60,000		69,236


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

Tarrant Regional, Water Control and Improvement District, Water System Rev., 5.00%, 3/1/2025		25,000		27,725

Texas A&M University, Financing System Series E, Rev., 5.00%, 5/15/2030		155,000		181,276

Texas Public Finance Authority, Midwestern State University Series 2016A, Rev., 5.00%, 12/1/2025		100,000		112,773

Texas Tech University System Series 2017A, Rev., 5.00%, 2/15/2024		35,000		37,544

Texas Water Development Board, State Revolving Fund Rev., 5.00%, 8/1/2027		150,000		177,283

Texas Water Development Board, Water Implementation Fund

Series 2017A, Rev., 5.00%, 4/15/2028		40,000		47,643

Series 2018A, Rev., 5.00%, 10/15/2028		235,000		281,664

Trinity River Authority, Central Regional Wastewater System Rev., 5.00%, 8/1/2034		145,000		170,466

Trinity River Authority, Water Project Rev., 5.00%, 2/1/2026		60,000		68,016

Uptown Development Authority, Tax Increment Contract Rev., 4.00%, 9/1/2032		400,000		448,910


Total Texas				5,840,432


Utah — 3.6%

City of Park City, Sales Tax Rev., 5.00%, 6/15/2022		30,000		30,378

City of South Jordan, Sales Tax Rev., 5.00%, 8/15/2029		45,000		55,576

County of Summit, Sales Tax Rev., 5.00%, 12/15/2023		70,000		74,849

Jordan Valley Water Conservancy District Series 2019A, Rev., 5.00%, 10/1/2029		25,000		28,844

Military Installation Development Authority, Tax Allocation and Hotel Tax Series 2021A-1, Rev., 4.00%, 6/1/2041		125,000		119,022

Snyderville Basin Special Recreation District GO, 4.00%, 12/15/2025		100,000		109,765

University of Utah (The)

Series B, Rev., 5.00%, 8/1/2023 (d)		25,000		26,384

Series 2020A, Rev., 5.00%, 8/1/2031		830,000		1,038,912

Utah Charter School Finance Authority, Summit Academy Incorporated Series A, Rev., 5.00%, 4/15/2030		110,000		129,977


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Utah — continued

Utah Charter School Finance Authority, The Freedom Academy Foundation, St. George Campus Project Series 2021A, Rev., 5.00%, 6/15/2041 (c)		150,000		164,457

Utah Transit Authority, Sales Tax Series A, Rev., BHAC-CR, MBIA, 5.00%, 6/15/2035		295,000		381,770

Wasatch County Municipal Building Authority

Rev., 4.00%, 12/1/2024		285,000		304,284

Rev., 4.00%, 12/1/2025		500,000		543,797

Rev., 4.00%, 12/1/2026		260,000		287,882

Rev., 4.00%, 12/1/2027		270,000		303,587


Total Utah				3,599,484


Virginia — 2.5%

City of Norfolk Series 2021A, GO, 5.00%, 3/1/2034		1,000,000		1,270,152

City of Richmond, Public Improvement Series B, GO, 5.00%, 7/15/2027		175,000		207,308

Commonwealth of Virginia Series 2018A, GO, 5.00%, 6/1/2030		25,000		30,309

County of Fairfax, Public Improvement Series 2022A, GO, 4.00%, 10/1/2031		100,000		120,328

County of Spotsylvania, Public Improvement GO, 5.00%, 7/15/2029		85,000		103,052

Roanoke Economic Development Authority, Carilion Clinic Obligated Group Series 2010D, Rev., 5.00%, 7/1/2030 (b)		200,000		245,231

Virginia College Building Authority, Educational Facilities, 21st Century College and Equipment Programs Series 2017B, Rev., 5.00%, 2/1/2024		75,000		80,391

Virginia College Building Authority, Educational Facilities, Public Higher Education Financing Program Series 2014A, Rev., 5.00%, 9/1/2024 (d)		100,000		109,290

Virginia Commonwealth Transportation Board, Capital Projects Rev., 5.00%, 5/15/2023		35,000		36,710

Virginia Public Building Authority, Public Facilities Series A, Rev., 5.00%, 8/1/2022		25,000		25,445

Virginia Resources Authority, Infrastructure Pooled Financing Program Series 2013-C, Rev., 5.00%, 11/1/2023		35,000		37,252


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Virginia — continued

Virginia Small Business Financing Authority, Senior Lien Rev., AMT, 4.00%, 7/1/2032 (e)		250,000		273,556


Total Virginia				2,539,024


Washington — 3.4%

Benton County School District No. 17 Kennewick, Unlimited Tax GO, 5.00%, 12/1/2024		45,000		49,572

Central Puget Sound Regional Transit Authority, Sales and Use Tax Series 2015S-1, Rev., 5.00%, 11/1/2024		30,000		32,939

City of Bonney Lake, Water & Sewer System Rev., 4.00%, 12/1/2030		10,000		10,924

City of Richland, Waterworks Utility Rev., 4.00%, 11/1/2022		10,000		10,217

City of Seattle, Drainage and Wastewater System Improvement Rev., 4.00%, 4/1/2026		20,000		22,068

City of Seattle, Water System Rev., 5.00%, 8/1/2024		35,000		38,108

City of University Place, Limited Tax GO, 5.00%, 12/1/2026		85,000		97,597

Clark County School District No. 101 La Center, Unlimited Tax GO, 5.00%, 12/1/2029		50,000		60,215

County of King, Limited Tax

Series A, GO, 5.00%, 7/1/2025		50,000		55,177

Series B, GO, 5.00%, 12/1/2025		20,000		21,334

County of Snohomish, Limited Tax GO, 5.00%, 12/1/2025		10,000		11,156

Energy Northwest, Bonneville Power Administrator Series 2016-A, Rev., 5.00%, 7/1/2028		25,000		28,623

Energy Northwest, Project 1 Series 2017A, Rev., 5.00%, 7/1/2028		55,000		64,722

Franklin County School District No. 1 Pasco, Unlimited Tax GO, 5.00%, 12/1/2030		175,000		207,571

King County Public Hospital District No. 2, Evergreen Healthcare, Limited Tax GO, 5.00%, 12/1/2024 (d)		105,000		115,339

King County School District No. 403 Renton GO, 5.00%, 12/1/2022		100,000		101,051

King County School District No. 405 Bellevue, Unlimited Tax GO, 5.00%, 12/1/2026		20,000		23,303

King County School District No. 411 Issaquah, Unlimited Tax GO, 5.00%, 12/1/2024		35,000		38,546


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Washington — continued

Mason County School District No. 309 Shelton, Unlimited Tax GO, 5.00%, 12/1/2029		45,000		52,976

Pend Oreille County, Public Utility District No. 1, Box Canyon Production System Rev., 5.00%, 1/1/2027		65,000		74,202

Pierce County School District No. 3 Puyallup, Unlimited Tax

Series 2012A, GO, 4.00%, 12/1/2022		25,000		25,605

GO, 5.00%, 12/1/2031		305,000		355,702

Pierce County School District No. 416 White River, Unlimited Tax GO, 5.00%, 12/1/2025		50,000		56,680

Snohomish County School District No. 15 Edmonds, Unlimited Tax

GO, 5.00%, 12/1/2025		25,000		28,340

GO, 5.00%, 12/1/2027		25,000		28,300

Snohomish County School District No. 4 Lake Stevens, Unlimited Tax GO, 5.00%, 12/1/2024		25,000		27,519

Spokane County School District No. 354 Mead, Unlimited Tax GO, 5.00%, 12/1/2024		20,000		22,015

State of Washington, Motor Vehicle Fuel Tax Series 2016C, GO, 5.00%, 7/1/2026		100,000		113,586

State of Washington, State and Local Agency Real and Personal Property Series 2015-C, COP, 5.00%, 1/1/2029		55,000		61,815

State of Washington, Various Purpose

Series 2015G, GO, 5.00%, 7/1/2026		125,000		137,461

Series 2021A, GO, 5.00%, 8/1/2035		1,000,000		1,239,647

Washington Health Care Facilities Authority, Providence St. Joseph Health Series 2018B, Rev., 5.00%, 10/1/2028		30,000		36,057

Washington Higher Education Facilities Authority, Seattle University Project Rev., 5.00%, 5/1/2023		125,000		130,333


Total Washington				3,378,700


West Virginia — 1.3%

West Virginia Parkways Authority, Senior Lien Turnpike Toll Rev., 5.00%, 6/1/2034		1,000,000		1,263,011


Wisconsin — 3.7%

City of Milwaukee, Promissory Notes Series N4 & B5, GO, 5.00%, 4/1/2023		85,000		88,702


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Wisconsin — continued

Hamilton School District, School Building and Improvement GO, 5.00%, 4/1/2025		60,000		66,745

Public Finance Authority, Acts Retirement Life Communities, Inc., Obligated Group Series 2020A, Rev., 4.00%, 11/15/2037		300,000		334,487

Public Finance Authority, Blue Ridge Healthcare Facilities Series 2020A, Rev., 5.00%, 1/1/2023		300,000		310,076

Public Finance Authority, Entrance Fee Principal Redemption, Searstone CCRC Project Series 2021B2, Rev., 2.25%, 6/1/2027		250,000		242,970

Public Finance Authority, Piedmont Community Charter School Rev., 5.00%, 6/15/2039		200,000		228,539

Public Finance Authority, Roseman University of Health Rev., 4.00%, 4/1/2032 (c) (e)		225,000		238,152

Public Finance Authority, Scotland Healthcare System Series 2021A, Rev., 5.00%, 10/1/2027		770,000		896,530

Public Finance Authority, Ultimate Medical Academy Project Series 2019A, Rev., 5.00%, 10/1/2029 (c)		150,000		172,297

State of Wisconsin

Series B, GO, 4.00%, 5/1/2023		40,000		41,402

Series 1, GO, 5.00%, 11/1/2024		40,000		43,919

Series 2, GO, 5.00%, 11/1/2026		50,000		57,301

State of Wisconsin, Clean Water Fund Leveraged Loan Portfolio

Series 1, Rev., 5.00%, 6/1/2023 (d)		25,000		26,237

Rev., 5.00%, 6/1/2024 (d)		65,000		70,403

State of Wisconsin, Environmental Improvement Fund

Series 2018A, Rev., 5.00%, 6/1/2025		35,000		39,117

Series 2018A, Rev., 5.00%, 6/1/2026		20,000		22,946

Village of Pleasant Prairie GO, 4.00%, 8/1/2024		10,000		10,624

Wisconsin Department of Transportation

Series 2, Rev., 5.00%, 7/1/2031		180,000		211,213

Series 2, Rev., 5.00%, 7/1/2032		50,000		58,614

Wisconsin Health and Educational Facilities Authority, Oakwood Lutheran Senior Ministries

Rev., 4.00%, 1/1/2026		175,000		183,742

Rev., 4.00%, 1/1/2027		175,000		184,665


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Wisconsin — continued

Wisconsin Health and Educational Facilities Authority, St. Camillus Health System Series 2019A, Rev., 5.00%, 11/1/2029		150,000		165,348


Total Wisconsin				3,694,029


Total Municipal Bonds (Cost $93,991,312)				93,369,194


	SHARES

Short-Term Investments — 10.7%

Investment Companies — 10.7%

JPMorgan Institutional Tax Free Money Market Fund Class IM Shares, 0.04% (g) (h) (Cost $10,795,128)		10,791,890		10,795,128


Total Investments — 103.5% (Cost $104,786,440)				104,164,322

Liabilities in Excess of Other Assets — (3.5)%				(3,521,774)


NET ASSETS — 100.0%				100,642,548

Percentages indicated are based on net assets.

Abbreviations


AGM		Insured by Assured Guaranty Municipal Corp.
AMT		Alternative Minimum Tax
BAN		Bond Anticipation Note
BHAC		Insured by Berkshire Hathaway Assurance Corp.
COP		Certificate of Participation
CR		Custodial Receipts
FHA		Federal Housing Administration
GAN		Grant Anticipation Note
GO		General Obligation
GTD		Guaranteed
LIQ		Liquidity Agreement
PSF-GTD		Permanent School Fund Guaranteed
Q-SBLF		Qualified School Bond Loan Fund
Rev.		Revenue

(a)		The date shown represents the earliest of the prerefunded date, next put date or final maturity date.
(b)		Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of February 28, 2022.
(c)		Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended.
(d)		Security is prerefunded or escrowed to maturity.
(e)		All or a portion of the security is a when-issued security, delayed delivery security, or forward commitment.
(f)		Amount rounds to less than 0.1% of net assets.


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — 38.5%

Aerospace & Defense — 0.6%

Boeing Co. (The)

4.88%, 5/1/2025		570,000		605,957

2.20%, 2/4/2026		125,000		121,963

Bombardier, Inc. (Canada) 6.00%, 2/15/2028 (a)		55,000		52,526

BWX Technologies, Inc.

4.13%, 6/30/2028 (a)		45,000		43,650

4.13%, 4/15/2029 (a)		60,000		58,200

Howmet Aerospace, Inc. 5.90%, 2/1/2027		50,000		54,306

Moog, Inc. 4.25%, 12/15/2027 (a)		25,000		24,509

Spirit AeroSystems, Inc. 7.50%, 4/15/2025 (a)		70,000		72,730

TransDigm, Inc. 6.25%, 3/15/2026 (a)		60,000		61,725

Triumph Group, Inc. 8.88%, 6/1/2024 (a)		50,000		53,351


				1,148,917


Airlines — 0.1%

American Airlines, Inc.

5.50%, 4/20/2026 (a)		12,000		12,283

5.75%, 4/20/2029 (a)		54,750		55,972

Delta Air Lines, Inc. 4.75%, 10/20/2028 (a)		70,000		73,005

United Airlines, Inc. 4.38%, 4/15/2026 (a)		53,000		52,864


				194,124


Auto Components — 0.4%

Adient Global Holdings Ltd. 4.88%, 8/15/2026 (a)		200,000		200,250

Allison Transmission, Inc. 5.88%, 6/1/2029 (a)		40,000		41,954

American Axle & Manufacturing, Inc.

6.50%, 4/1/2027 (b)		50,000		51,125

5.00%, 10/1/2029 (b)		30,000		28,449

Clarios Global LP

6.75%, 5/15/2025 (a)		60,000		62,263

6.25%, 5/15/2026 (a)		36,000		37,240

Dana, Inc.

5.38%, 11/15/2027		50,000		51,000

4.50%, 2/15/2032		25,000		23,469

Goodyear Tire & Rubber Co. (The) 5.25%, 4/30/2031		124,000		120,590

Icahn Enterprises LP 5.25%, 5/15/2027		90,000		89,370


				705,710


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Automobiles — 0.9%

BMW US Capital LLC (Germany) 3.90%, 4/9/2025 (a)		150,000		156,882

Ford Motor Co. 9.63%, 4/22/2030		70,000		96,188

Hyundai Capital America

4.13%, 6/8/2023 (a)		150,000		153,062

2.65%, 2/10/2025 (a)		250,000		249,585

1.80%, 10/15/2025 (a)		200,000		193,251

Nissan Motor Acceptance Co. LLC 1.85%, 9/16/2026 (a)		255,000		239,111

Nissan Motor Co. Ltd. (Japan) 3.52%, 9/17/2025 (a)		200,000		202,487

Stellantis Finance US, Inc. 1.71%, 1/29/2027 (a)		210,000		199,732

Volkswagen Group of America Finance LLC (Germany) 3.35%, 5/13/2025 (a)		200,000		204,260


				1,694,558


Banks — 11.0%

ABN AMRO Bank NV (Netherlands) 4.75%, 7/28/2025 (a)		400,000		420,800

AIB Group plc (Ireland) (ICE LIBOR USD 3 Month + 1.87%), 4.26%, 4/10/2025 (a) (c)		645,000		661,663

Australia & New Zealand Banking Group Ltd. (Australia)

4.40%, 5/19/2026 (a)		750,000		794,119

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.29%), 2.95%, 7/22/2030 (a) (c)		200,000		197,997

Banco Continental SAECA (Paraguay) 2.75%, 12/10/2025 (a)		150,000		139,987

Banco Santander SA (Spain)

2.75%, 5/28/2025		400,000		400,455

5.18%, 11/19/2025		200,000		213,043

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.90%), 1.72%, 9/14/2027 (c)		200,000		189,113

Bank of America Corp.

(ICE LIBOR USD 3 Month + 0.94%), 3.86%, 7/23/2024 (c)		200,000		204,520

(ICE LIBOR USD 3 Month + 0.64%), 2.01%, 2/13/2026 (c)		585,000		574,894

(SOFR + 0.96%), 1.73%, 7/22/2027 (c)		230,000		219,549

(SOFR + 1.05%), 2.55%, 2/4/2028 (c)		345,000		339,426

Bank of Ireland Group plc (Ireland) (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.10%), 2.03%, 9/30/2027 (a) (c)		245,000		230,436


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Banks — continued

Barclays plc (United Kingdom)

(ICE LIBOR USD 3 Month + 1.61%), 3.93%, 5/7/2025 (c)		600,000		617,035

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.05%), 2.28%, 11/24/2027 (c)		320,000		308,688

BNP Paribas SA (France)

(ICE LIBOR USD 3 Month + 2.24%), 4.70%, 1/10/2025 (a) (c)		1,015,000		1,054,565

4.38%, 9/28/2025 (a)		200,000		208,392

Citigroup, Inc.

(ICE LIBOR USD 3 Month + 0.90%), 3.35%, 4/24/2025 (c)		620,000		632,400

(SOFR + 0.67%), 0.98%, 5/1/2025 (c)		85,000		82,563

(SOFR + 0.69%), 2.01%, 1/25/2026 (c)		455,000		447,836

(SOFR + 2.84%), 3.11%, 4/8/2026 (c)		200,000		202,619

(SOFR + 0.77%), 1.12%, 1/28/2027 (c)		85,000		80,041

Citizens Bank NA 2.25%, 4/28/2025		250,000		249,185

Credit Agricole SA (France)

4.38%, 3/17/2025 (a)		775,000		801,703

(SOFR + 1.68%), 1.91%, 6/16/2026 (a) (c)		250,000		243,279

Danske Bank A/S (Denmark)

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.03%), 1.17%, 12/8/2023 (a) (c)		200,000		198,558

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.55%), 0.98%, 9/10/2025 (a) (c)		305,000		293,140

Federation des Caisses Desjardins du Quebec (Canada) 2.05%, 2/10/2025 (a)		200,000		197,266

First-Citizens Bank & Trust Co. 6.13%, 3/9/2028		35,000		40,017

HSBC Holdings plc (United Kingdom)

4.25%, 3/14/2024		371,000		384,329

(ICE LIBOR USD 3 Month + 0.99%), 3.95%, 5/18/2024 (c)		200,000		204,424

(SOFR + 0.53%), 0.73%, 8/17/2024 (c)		270,000		264,117

(ICE LIBOR USD 3 Month + 1.21%), 3.80%, 3/11/2025 (c)		250,000		256,064

(SOFR + 1.54%), 1.64%, 4/18/2026 (c)		200,000		192,801

(SOFR + 1.10%), 2.25%, 11/22/2027 (c)		385,000		371,135


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Banks — continued

ING Groep NV (Netherlands)

(SOFR + 1.01%), 1.73%, 4/1/2027 (c)		200,000		191,130

Lloyds Banking Group plc (United Kingdom)

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.00%), 2.44%, 2/5/2026 (c)		200,000		198,572

4.65%, 3/24/2026		700,000		738,277

Mitsubishi UFJ Financial Group, Inc. (Japan) 2.19%, 2/25/2025		200,000		198,379

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.75%), 1.54%, 7/20/2027 (c)		200,000		189,723

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.83%), 2.34%, 1/19/2028 (c)		400,000		390,353

Mizuho Financial Group Cayman 3 Ltd. (Japan) 4.60%, 3/27/2024 (a)		690,000		718,074

Mizuho Financial Group, Inc. (Japan)

(SOFR + 1.25%), 1.24%, 7/10/2024 (c)		200,000		197,682

(SOFR + 1.24%), 2.84%, 7/16/2025 (c)		200,000		201,847

4.35%, 10/20/2025 (a)		200,000		209,313

NatWest Group plc (United Kingdom)

(ICE LIBOR USD 3 Month + 1.48%), 3.50%, 5/15/2023 (c)		200,000		200,676

(ICE LIBOR USD 3 Month + 1.55%), 4.52%, 6/25/2024 (c)		200,000		206,039

4.80%, 4/5/2026		500,000		536,079

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.90%), 1.64%, 6/14/2027 (c)		210,000		199,496

Santander UK Group Holdings plc (United Kingdom)

(ICE LIBOR USD 3 Month + 1.08%), 3.37%, 1/5/2024 (c)		200,000		202,369

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.25%), 1.53%, 8/21/2026 (c)		955,000		910,640

Societe Generale SA (France)

3.88%, 3/28/2024 (a)		200,000		205,072

4.25%, 4/14/2025 (a)		770,000		788,474

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.05%), 2.23%, 1/21/2026 (a) (c)		365,000		356,522

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.10%), 1.49%, 12/14/2026 (a) (c)		200,000		186,946


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Banks — continued

Standard Chartered plc (United Kingdom)

5.20%, 1/26/2024 (a)		350,000		364,458

(ICE LIBOR USD 3 Month + 1.08%), 3.89%, 3/15/2024 (a) (c)		200,000		203,312

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.78%), 0.99%, 1/12/2025 (a) (c)		250,000		242,404

(ICE LIBOR USD 3 Month + 1.21%), 2.82%, 1/30/2026 (a) (c)		200,000		198,887

Sumitomo Mitsui Financial Group, Inc. (Japan)

4.44%, 4/2/2024 (a)		400,000		416,289

2.35%, 1/15/2025		200,000		199,284

Sumitomo Mitsui Trust Bank Ltd. (Japan) 0.85%, 3/25/2024 (a)		200,000		194,850

UniCredit SpA (Italy)

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.20%), 1.98%, 6/3/2027 (a) (c)		200,000		186,546

Wells Fargo & Co.

(ICE LIBOR USD 3 Month + 0.75%), 2.16%, 2/11/2026 (c)		150,000		148,174

Westpac Banking Corp. (Australia)

(US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 1.35%), 2.89%, 2/4/2030 (c)		150,000		148,187


				21,244,213


Beverages — 0.2%

Central American Bottling Corp. (Guatemala) 5.25%, 4/27/2029 (a)		140,000		141,792

Constellation Brands, Inc. 4.25%, 5/1/2023		150,000		154,160

Keurig Dr Pepper, Inc. 0.75%, 3/15/2024		85,000		82,889


				378,841


Biotechnology — 0.1%

Emergent BioSolutions, Inc. 3.88%, 8/15/2028 (a)		80,000		71,561

Grifols Escrow Issuer SA (Spain) 4.75%, 10/15/2028 (a)		200,000		189,000


				260,561


Building Products — 0.2%

Builders FirstSource, Inc.

6.75%, 6/1/2027 (a)		21,000		21,825

4.25%, 2/1/2032 (a)		35,000		33,597

Griffon Corp. 5.75%, 3/1/2028		75,000		74,710


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Building Products — continued

PGT Innovations, Inc. 4.38%, 10/1/2029 (a)		55,000		51,690

Standard Industries, Inc. 4.75%, 1/15/2028 (a)		200,000		196,250

Summit Materials LLC 5.25%, 1/15/2029 (a)		35,000		35,131


				413,203


Capital Markets — 3.4%

Coinbase Global, Inc.

3.38%, 10/1/2028 (a)		8,000		7,289

3.63%, 10/1/2031 (a)		8,000		7,046

Credit Suisse Group AG (Switzerland)

3.80%, 6/9/2023		380,000		388,381

(SOFR + 1.56%), 2.59%, 9/11/2025 (a) (c)		250,000		248,757

(SOFR + 2.04%), 2.19%, 6/5/2026 (a) (c)		250,000		242,811

Deutsche Bank AG (Germany)

(SOFR + 2.16%), 2.22%, 9/18/2024 (c)		150,000		149,644

1.69%, 3/19/2026		150,000		144,775

(SOFR + 1.22%), 2.31%, 11/16/2027 (c)		320,000		305,773

Goldman Sachs Group, Inc. (The)

Series VAR, (SOFR + 0.54%), 0.63%, 11/17/2023 (c)		500,000		495,880

(SOFR + 0.57%), 0.67%, 3/8/2024 (c)		200,000		197,391

3.50%, 1/23/2025		200,000		205,531

(SOFR + 0.73%), 1.76%, 1/24/2025 (c)		500,000		494,380

3.50%, 4/1/2025		100,000		102,789

(SOFR + 0.91%), 1.95%, 10/21/2027 (c)		423,000		405,297

(SOFR + 1.11%), 2.64%, 2/24/2028 (c)		390,000		384,304

Macquarie Bank Ltd. (Australia) 2.30%, 1/22/2025 (a)		150,000		150,174

Macquarie Group Ltd. (Australia)

(ICE LIBOR USD 3 Month + 1.02%), 3.19%, 11/28/2023 (a) (c)		500,000		504,597

(SOFR + 0.91%), 1.63%, 9/23/2027 (a) (c)		140,000		132,605

Morgan Stanley

(SOFR + 0.62%), 0.73%, 4/5/2024 (c)		160,000		157,787

(ICE LIBOR USD 3 Month + 0.85%), 3.74%, 4/24/2024 (c)		200,000		203,730


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Capital Markets — continued

(SOFR + 1.99%), 2.19%, 4/28/2026 (c)		150,000		148,056

(SOFR + 0.86%), 1.51%, 7/20/2027 (c)		335,000		317,365

MSCI, Inc.

4.00%, 11/15/2029 (a)		35,000		35,188

Nomura Holdings, Inc. (Japan)

1.85%, 7/16/2025		200,000		194,663

1.65%, 7/14/2026		200,000		189,758

UBS Group AG (Switzerland)

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.83%), 1.01%, 7/30/2024 (a) (c)		400,000		394,295

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.85%), 1.49%, 8/10/2027 (a) (c)		270,000		254,668


				6,462,934


Chemicals — 0.5%

Axalta Coating Systems LLC 4.75%, 6/15/2027 (a)		150,000		150,375

Braskem Netherlands Finance BV (Brazil) 4.50%, 1/31/2030 (d)		200,000		197,375

Celanese US Holdings LLC 1.40%, 8/5/2026		75,000		70,538

Chemours Co. (The)

5.38%, 5/15/2027		30,000		30,108

5.75%, 11/15/2028 (a)		40,000		39,319

Element Solutions, Inc. 3.88%, 9/1/2028 (a)		70,000		66,391

INEOS Quattro Finance 2 plc (United Kingdom) 3.38%, 1/15/2026 (a)		200,000		191,000

NOVA Chemicals Corp. (Canada)

5.00%, 5/1/2025 (a)		35,000		35,359

4.25%, 5/15/2029 (a)		75,000		70,281

Olin Corp. 5.63%, 8/1/2029		30,000		31,281

Rain CII Carbon LLC 7.25%, 4/1/2025 (a)		75,000		75,080

Scotts Miracle-Gro Co. (The) 4.50%, 10/15/2029		85,000		82,025


				1,039,132


Commercial Services & Supplies — 0.4%

ACCO Brands Corp. 4.25%, 3/15/2029 (a)		75,000		69,937

Allied Universal Holdco LLC 6.63%, 7/15/2026 (a)		35,000		35,851

Aramark Services, Inc. 5.00%, 2/1/2028 (a)		65,000		65,116

Brink’s Co. (The) 4.63%, 10/15/2027 (a)		35,000		34,160


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Commercial Services & Supplies — continued

Garda World Security Corp. (Canada) 4.63%, 2/15/2027 (a)		60,000		58,125

GFL Environmental, Inc. (Canada)

3.75%, 8/1/2025 (a)		55,000		54,450

4.00%, 8/1/2028 (a)		45,000		41,802

3.50%, 9/1/2028 (a)		25,000		23,865

Madison IAQ LLC 4.13%, 6/30/2028 (a)		140,000		132,438

Nielsen Finance LLC 5.63%, 10/1/2028 (a)		95,000		91,804

Prime Security Services Borrower LLC

5.75%, 4/15/2026 (a)		135,000		138,722

3.38%, 8/31/2027 (a)		45,000		41,622

Stericycle, Inc. 3.88%, 1/15/2029 (a)		60,000		55,875


				843,767


Communications Equipment — 0.1%

CommScope, Inc.

6.00%, 3/1/2026 (a)		65,000		66,529

4.75%, 9/1/2029 (a)		105,000		97,912

Plantronics, Inc. 4.75%, 3/1/2029 (a) (b)		35,000		30,975


				195,416


Construction & Engineering — 0.1%

Dycom Industries, Inc. 4.50%, 4/15/2029 (a)		50,000		48,125

Global Infrastructure Solutions, Inc. 5.63%, 6/1/2029 (a)		60,000		59,250

MasTec, Inc. 4.50%, 8/15/2028 (a)		85,000		86,179

Weekley Homes LLC 4.88%, 9/15/2028 (a)		65,000		61,829


				255,383


Consumer Finance — 2.5%

AerCap Ireland Capital DAC (Ireland)

4.88%, 1/16/2024		450,000		467,046

2.88%, 8/14/2024		200,000		200,160

2.45%, 10/29/2026		490,000		472,741

Avolon Holdings Funding Ltd. (Ireland)

5.25%, 5/15/2024 (a)		450,000		470,228

5.50%, 1/15/2026 (a)		125,000		133,077

Capital One Financial Corp.

(SOFR + 0.69%), 1.34%, 12/6/2024 (c)		270,000		265,935

3.20%, 2/5/2025		150,000		153,122

(SOFR + 0.86%), 1.88%, 11/2/2027 (c)		330,000		316,214

Ford Motor Credit Co. LLC

4.27%, 1/9/2027		425,000		428,187

5.11%, 5/3/2029		200,000		210,838


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Consumer Finance — continued

General Motors Financial Co., Inc.

1.05%, 3/8/2024		75,000		73,078

3.95%, 4/13/2024		400,000		411,213

4.00%, 1/15/2025		150,000		155,242

4.30%, 7/13/2025		370,000		385,477

Navient Corp. 7.25%, 9/25/2023		21,000		22,029

OneMain Finance Corp.

7.13%, 3/15/2026		75,000		81,300

6.63%, 1/15/2028		25,000		26,710

5.38%, 11/15/2029		25,000		25,147

Park Aerospace Holdings Ltd. (Ireland)

4.50%, 3/15/2023 (a)		350,000		357,279

5.50%, 2/15/2024 (a)		150,000		157,066


				4,812,089


Containers & Packaging — 0.4%

Ardagh Packaging Finance plc 4.13%, 8/15/2026 (a)		200,000		193,500

Ball Corp. 4.88%, 3/15/2026		35,000		36,625

Graphic Packaging International LLC 1.51%, 4/15/2026 (a)		70,000		67,018

Greif, Inc. 6.50%, 3/1/2027 (a)		60,000		61,950

LABL, Inc. 6.75%, 7/15/2026 (a)		110,000		110,275

Mauser Packaging Solutions Holding Co. 5.50%, 4/15/2024 (a)		110,000		109,450

Owens-Brockway Glass Container, Inc. 6.63%, 5/13/2027 (a)		70,000		72,625

Pactiv Evergreen Group Issuer, Inc. 4.00%, 10/15/2027 (a)		55,000		51,003

Sealed Air Corp. 4.00%, 12/1/2027 (a)		30,000		29,700


				732,146


Diversified Consumer Services — 0.0% (e)

Service Corp. International 5.13%, 6/1/2029		45,000		46,125


Diversified Financial Services — 0.3%

Element Fleet Management Corp. (Canada)

1.60%, 4/6/2024 (a)		145,000		142,561

3.85%, 6/15/2025 (a)		200,000		206,646

Sabre GLBL, Inc. 9.25%, 4/15/2025 (a)		50,000		56,388

Tunisian Republic (Tunisia)

5.75%, 1/30/2025 (d)		200,000		146,500


				552,095


Diversified Telecommunication Services — 1.1%

Altice France Holding SA (Luxembourg) 6.00%, 2/15/2028 (a)		200,000		177,148


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Diversified Telecommunication Services — continued

Altice France SA (France) 5.13%, 7/15/2029 (a)		200,000		181,000

CCO Holdings LLC

5.00%, 2/1/2028 (a)		245,000		246,493

4.75%, 3/1/2030 (a)		285,000		279,866

4.75%, 2/1/2032 (a)		15,000		14,588

4.50%, 5/1/2032		240,000		228,000

Frontier Communications Holdings LLC 5.88%, 10/15/2027 (a)		85,000		86,202

Level 3 Financing, Inc. 4.63%, 9/15/2027 (a)		70,000		67,550

Lumen Technologies, Inc.

5.13%, 12/15/2026 (a)		85,000		79,081

4.00%, 2/15/2027 (a)		260,000		247,408

NBN Co. Ltd. (Australia) 1.45%, 5/5/2026 (a)		200,000		190,666

Sprint Capital Corp. 8.75%, 3/15/2032		75,000		104,062

Switch Ltd. 4.13%, 6/15/2029 (a)		55,000		52,731

Telecom Italia Capital SA (Italy) 6.38%, 11/15/2033		35,000		34,125

Zayo Group Holdings, Inc. 4.00%, 3/1/2027 (a)		45,000		42,781


				2,031,701


Electric Utilities — 1.6%

Enel Finance International NV (Italy) 1.38%, 7/12/2026 (a)		200,000		188,935

Eskom Holdings SOC Ltd. (South Africa) 6.75%, 8/6/2023 (d)		200,000		199,000

Fells Point Funding Trust 3.05%, 1/31/2027 (a)		535,000		530,179

ITC Holdings Corp. 3.65%, 6/15/2024		745,000		764,547

NextEra Energy Capital Holdings, Inc. 0.65%, 3/1/2023		115,000		113,893

NRG Energy, Inc.

3.75%, 6/15/2024 (a)		200,000		203,917

6.63%, 1/15/2027		34,000		35,139

3.38%, 2/15/2029 (a)		50,000		46,435

5.25%, 6/15/2029 (a)		75,000		76,500

Pacific Gas and Electric Co. 1.37%, 3/10/2023		130,000		128,640

PG&E Corp. 5.00%, 7/1/2028		93,000		92,070

Southern California Edison Co.

1.10%, 4/1/2024		150,000		146,724

Vistra Operations Co. LLC

3.55%, 7/15/2024 (a)		350,000		354,513

5.50%, 9/1/2026 (a)		45,000		45,784


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Electric Utilities — continued

5.00%, 7/31/2027 (a)		70,000		70,520

4.38%, 5/1/2029 (a)		29,000		28,102


				3,024,898


Electrical Equipment — 0.0% (e)

EnerSys 4.38%, 12/15/2027 (a)		25,000		24,750


Electronic Equipment, Instruments & Components — 0.0% (e)

CDW LLC 4.25%, 4/1/2028		35,000		34,475

Sensata Technologies, Inc. 4.38%, 2/15/2030 (a)		40,000		38,900


				73,375


Energy Equipment & Services — 0.0% (e)

Oceaneering International, Inc. 4.65%, 11/15/2024		70,000		68,889


Entertainment — 0.2%

Cinemark USA, Inc.

5.88%, 3/15/2026 (a)		35,000		34,475

5.25%, 7/15/2028 (a)		30,000		28,614

Live Nation Entertainment, Inc. 4.75%, 10/15/2027 (a)		95,000		93,339

Netflix, Inc. 4.88%, 6/15/2030 (a)		195,000		212,633

WMG Acquisition Corp. 3.88%, 7/15/2030 (a)		60,000		57,600


				426,661


Equity Real Estate Investment Trusts (REITs) — 0.5%

American Tower Corp. 2.40%, 3/15/2025		150,000		149,507

Corporate Office Properties LP 2.00%, 1/15/2029		140,000		129,609

Iron Mountain, Inc. 4.88%, 9/15/2027 (a)		110,000		110,134

MGM Growth Properties Operating Partnership LP 5.63%, 5/1/2024		50,000		51,908

Office Properties Income Trust

2.65%, 6/15/2026		150,000		142,701

2.40%, 2/1/2027		200,000		185,145

RHP Hotel Properties LP 4.75%, 10/15/2027		75,000		73,313

SBA Communications Corp. 3.13%, 2/1/2029		45,000		41,796

VICI Properties LP 3.50%, 2/15/2025 (a)		65,000		65,152


				949,265


Food & Staples Retailing — 0.2%

Albertsons Cos., Inc.

4.63%, 1/15/2027 (a)		240,000		241,053

3.50%, 3/15/2029 (a)		65,000		60,450


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Food & Staples Retailing — continued

Performance Food Group, Inc. 5.50%, 10/15/2027 (a)		50,000		50,875

Rite Aid Corp. 8.00%, 11/15/2026 (a)		95,000		90,434


				442,812


Food Products — 0.2%

Lamb Weston Holdings, Inc. 4.88%, 5/15/2028 (a)		105,000		107,888

Post Holdings, Inc.

5.63%, 1/15/2028 (a)		115,000		115,431

4.63%, 4/15/2030 (a)		35,000		32,951

Viterra Finance BV (Netherlands) 2.00%, 4/21/2026 (a)		200,000		193,409


				449,679


Gas Utilities — 0.2%

AmeriGas Partners LP 5.88%, 8/20/2026		55,000		56,136

CenterPoint Energy Resources Corp. 0.70%, 3/2/2023		250,000		247,389


				303,525


Health Care Equipment & Supplies — 0.4%

Avantor Funding, Inc. 4.63%, 7/15/2028 (a)		60,000		60,900

Hologic, Inc. 3.25%, 2/15/2029 (a)		85,000		80,538

Mozart Debt Merger Sub, Inc.

3.88%, 4/1/2029 (a)		65,000		61,674

5.25%, 10/1/2029 (a)		30,000		28,650

Teleflex, Inc. 4.25%, 6/1/2028 (a)		60,000		59,250

Zimmer Biomet Holdings, Inc. 1.45%, 11/22/2024		385,000		376,168


				667,180


Health Care Providers & Services — 1.0%

Acadia Healthcare Co., Inc. 5.50%, 7/1/2028 (a)		65,000		65,163

AdaptHealth LLC 4.63%, 8/1/2029 (a)		60,000		54,129

Centene Corp. 4.63%, 12/15/2029		265,000		272,950

Community Health Systems, Inc.

5.63%, 3/15/2027 (a)		25,000		25,205

6.00%, 1/15/2029 (a)		75,000		75,094

4.75%, 2/15/2031 (a)		85,000		80,006

CVS Health Corp. 4.10%, 3/25/2025		150,000		157,081

DaVita, Inc. 4.63%, 6/1/2030 (a)		115,000		110,256

Encompass Health Corp. 4.75%, 2/1/2030		135,000		128,912

HCA, Inc.

5.38%, 9/1/2026		175,000		188,299

5.63%, 9/1/2028		255,000		282,545


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Health Care Providers & Services — continued

Highmark, Inc. 1.45%, 5/10/2026 (a)		130,000		124,570

Tenet Healthcare Corp.

5.13%, 11/1/2027 (a)		155,000		157,991

4.25%, 6/1/2029 (a)		175,000		168,910


				1,891,111


Health Care Technology — 0.1%

IQVIA, Inc. 5.00%, 5/15/2027 (a)		200,000		204,586


Hotels, Restaurants & Leisure — 0.9%

1011778 BC ULC (Canada) 3.88%, 1/15/2028 (a)		100,000		97,250

Boyd Gaming Corp. 8.63%, 6/1/2025 (a)		13,000		13,682

Boyne USA, Inc. 4.75%, 5/15/2029 (a)		40,000		39,300

Caesars Entertainment, Inc. 6.25%, 7/1/2025 (a)		60,000		62,214

Caesars Resort Collection LLC 5.75%, 7/1/2025 (a)		45,000		46,145

Carnival Corp. 9.88%, 8/1/2027 (a)		100,000		112,250

Cedar Fair LP

5.50%, 5/1/2025 (a)		30,000		30,836

5.38%, 4/15/2027		30,000		30,225

Gohl Capital Ltd. (Malaysia) 4.25%, 1/24/2027 (d)		200,000		195,663

Hilton Domestic Operating Co., Inc. 4.88%, 1/15/2030		80,000		82,299

Hilton Worldwide Finance LLC 4.88%, 4/1/2027		50,000		51,063

International Game Technology plc 6.25%, 1/15/2027 (a)		200,000		212,000

Marriott Ownership Resorts, Inc. 4.50%, 6/15/2029 (a)		55,000		52,112

MGM Resorts International 5.50%, 4/15/2027		110,000		113,514

Royal Caribbean Cruises Ltd. 9.13%, 6/15/2023 (a)		120,000		125,482

Scientific Games International, Inc. 5.00%, 10/15/2025 (a)		45,000		45,450

Six Flags Entertainment Corp. 4.88%, 7/31/2024 (a)		55,000		54,957

Six Flags Theme Parks, Inc. 7.00%, 7/1/2025 (a)		50,000		52,222

Station Casinos LLC 4.50%, 2/15/2028 (a)		55,000		52,869

Vail Resorts, Inc. 6.25%, 5/15/2025 (a)		35,000		36,050

Wynn Resorts Finance LLC 7.75%, 4/15/2025 (a)		90,000		93,951


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Hotels, Restaurants & Leisure — continued

Yum! Brands, Inc.

7.75%, 4/1/2025 (a)		30,000		31,258

4.75%, 1/15/2030 (a)		30,000		30,450

4.63%, 1/31/2032		8,000		7,840


				1,669,082


Household Durables — 0.3%

CD&R Smokey Buyer, Inc. 6.75%, 7/15/2025 (a)		60,000		61,950

Lennar Corp. 4.75%, 5/30/2025		150,000		158,623

Newell Brands, Inc. 4.70%, 4/1/2026 (f)		40,000		41,407

PulteGroup, Inc. 5.50%, 3/1/2026		150,000		165,353

Tempur Sealy International, Inc. 4.00%, 4/15/2029 (a)		60,000		56,545


				483,878


Household Products — 0.1%

Central Garden & Pet Co.

4.13%, 10/15/2030		35,000		33,243

4.13%, 4/30/2031 (a)		35,000		32,725

Energizer Holdings, Inc.

4.75%, 6/15/2028 (a)		45,000		42,525

4.38%, 3/31/2029 (a)		50,000		45,062

Spectrum Brands, Inc. 5.00%, 10/1/2029 (a)		100,000		98,750


				252,305


Independent Power and Renewable Electricity Producers — 0.1%

Calpine Corp. 4.50%, 2/15/2028 (a)		95,000		92,709


Insurance — 0.6%

Athene Global Funding

0.95%, 1/8/2024 (a)		259,000		253,127

0.91%, 8/19/2024 (a)		295,000		285,844

2.50%, 1/14/2025 (a)		308,000		307,469

Equitable Financial Life Global Funding 0.80%, 8/12/2024 (a)		230,000		221,559

Jackson National Life Global Funding 3.88%, 6/11/2025 (a)		150,000		157,276


				1,225,275


IT Services — 0.4%

Arches Buyer, Inc. 4.25%, 6/1/2028 (a)		55,000		52,085

Black Knight InfoServ LLC 3.63%, 9/1/2028 (a)		65,000		61,531

Block, Inc.

2.75%, 6/1/2026 (a)		17,000		16,490

3.50%, 6/1/2031 (a)		42,000		39,440


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

IT Services — continued

Booz Allen Hamilton, Inc.

3.88%, 9/1/2028 (a)		35,000		34,259

Gartner, Inc.

3.63%, 6/15/2029 (a)		85,000		82,470

3.75%, 10/1/2030 (a)		30,000		29,184

Global Payments, Inc. 1.20%, 3/1/2026		415,000		391,712

Presidio Holdings, Inc. 4.88%, 2/1/2027 (a)		50,000		49,875


				757,046


Leisure Products — 0.1%

Mattel, Inc.

3.38%, 4/1/2026 (a)		64,000		63,558

3.75%, 4/1/2029 (a)		30,000		30,030

Vista Outdoor, Inc. 4.50%, 3/15/2029 (a)		65,000		60,938


				154,526


Life Sciences Tools & Services — 0.0% (e)

Charles River Laboratories International, Inc. 3.75%, 3/15/2029 (a)		40,000		38,448


Machinery — 0.1%

Colfax Corp. 6.38%, 2/15/2026 (a)		85,000		87,337


Media — 1.0%

Clear Channel Outdoor Holdings, Inc 5.13%, 8/15/2027 (a)		65,000		64,942

Clear Channel Outdoor Holdings, Inc. 7.75%, 4/15/2028 (a)		30,000		31,350

CSC Holdings LLC 6.50%, 2/1/2029 (a)		200,000		202,500

Directv Financing LLC 5.88%, 8/15/2027 (a)		55,000		54,981

DISH DBS Corp.

5.88%, 11/15/2024		50,000		50,000

7.75%, 7/1/2026		310,000		313,934

5.25%, 12/1/2026 (a)		110,000		107,834

Gray Escrow II, Inc. 5.38%, 11/15/2031 (a)		100,000		96,266

iHeartCommunications, Inc.

8.38%, 5/1/2027		25,000		26,042

5.25%, 8/15/2027 (a)		110,000		109,565

Lamar Media Corp. 4.00%, 2/15/2030		60,000		57,751

Midas OpCo Holdings LLC 5.63%, 8/15/2029 (a)		75,000		73,500

News Corp. 3.88%, 5/15/2029 (a)		74,000		70,855

Nexstar Media, Inc. 5.63%, 7/15/2027 (a)		110,000		112,475

Outfront Media Capital LLC

6.25%, 6/15/2025 (a)		22,000		22,853

5.00%, 8/15/2027 (a)		55,000		54,505


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Media — continued

Scripps Escrow II, Inc. 3.88%, 1/15/2029 (a)		40,000		37,486

Sinclair Television Group, Inc. 4.13%, 12/1/2030 (a)		65,000		58,195

Sirius XM Radio, Inc.

5.00%, 8/1/2027 (a)		55,000		55,744

5.50%, 7/1/2029 (a)		210,000		214,725

TEGNA, Inc. 5.00%, 9/15/2029		90,000		89,752

Univision Communications, Inc. 4.50%, 5/1/2029 (a)		59,000		56,474

Videotron Ltd. (Canada) 5.13%, 4/15/2027 (a)		45,000		45,788


				2,007,517


Metals & Mining — 0.5%

Alcoa Nederland Holding BV 6.13%, 5/15/2028 (a)		200,000		210,500

Allegheny Technologies, Inc. 5.88%, 12/1/2027		75,000		76,538

Arconic Corp. 6.13%, 2/15/2028 (a)		85,000		86,913

Carpenter Technology Corp. 6.38%, 7/15/2028		75,000		75,656

Cleveland-Cliffs, Inc.

6.75%, 3/15/2026 (a)		70,000		73,776

4.63%, 3/1/2029 (a)		20,000		19,300

FMG Resources August 2006 Pty. Ltd. (Australia) 4.50%, 9/15/2027 (a)		70,000		70,197

Freeport-McMoRan, Inc.

4.38%, 8/1/2028		80,000		81,000

4.63%, 8/1/2030		100,000		103,234

Glencore Funding LLC (Australia) 1.63%, 9/1/2025 (a)		90,000		86,807

Kaiser Aluminum Corp. 4.63%, 3/1/2028 (a)		30,000		28,328

Novelis Corp. 4.75%, 1/30/2030 (a)		85,000		83,174


				995,423


Multiline Retail — 0.0% (e)

Nordstrom, Inc. 2.30%, 4/8/2024		20,000		19,250


Multi-Utilities — 0.0% (e)

Puget Energy, Inc. 2.38%, 6/15/2028		50,000		47,535


Oil, Gas & Consumable Fuels — 2.8%

Antero Midstream Partners LP

7.88%, 5/15/2026 (a)		20,000		21,500

5.38%, 6/15/2029 (a)		30,000		30,150

Antero Resources Corp.

7.63%, 2/1/2029 (a)		29,000		31,393

5.38%, 3/1/2030 (a)		65,000		66,219


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Oil, Gas & Consumable Fuels — continued

Apache Corp. 4.88%, 11/15/2027		120,000		123,300

APT Pipelines Ltd. (Australia) 4.20%, 3/23/2025 (a)		350,000		364,131

Baytex Energy Corp. (Canada) 5.63%, 6/1/2024 (a)		45,000		44,887

Buckeye Partners LP 4.13%, 12/1/2027		90,000		85,005

Cheniere Corpus Christi Holdings LLC 5.13%, 6/30/2027		150,000		163,571

Cheniere Energy Partners LP

4.50%, 10/1/2029		100,000		101,920

3.25%, 1/31/2032 (a)		53,000		49,820

Chesapeake Energy Corp. 6.75%, 4/15/2029 (a)		80,000		84,576

CNX Resources Corp.

7.25%, 3/14/2027 (a)		40,000		42,254

6.00%, 1/15/2029 (a)		60,000		61,272

Comstock Resources, Inc. 6.75%, 3/1/2029 (a)		65,000		66,141

Crestwood Midstream Partners LP

5.63%, 5/1/2027 (a)		55,000		54,588

8.00%, 4/1/2029 (a)		40,000		42,559

DCP Midstream Operating LP 5.63%, 7/15/2027		85,000		91,290

DT Midstream, Inc. 4.13%, 6/15/2029 (a)		95,000		91,675

Ecopetrol SA (Colombia) 5.38%, 6/26/2026		150,000		153,274

Energean Israel Finance Ltd. (Israel)

4.50%, 3/30/2024 (d)		12,000		11,610

4.88%, 3/30/2026 (d)		10,000		9,500

Energy Transfer LP 4.05%, 3/15/2025		105,000		108,690

EnLink Midstream Partners LP 4.15%, 6/1/2025		95,000		95,119

EQM Midstream Partners LP

4.00%, 8/1/2024		30,000		29,400

6.00%, 7/1/2025 (a)		40,000		40,800

6.50%, 7/1/2027 (a)		50,000		52,294

EQT Corp. 3.90%, 10/1/2027		105,000		106,123

Genesis Energy LP 6.25%, 5/15/2026		70,000		67,200

Gray Oak Pipeline LLC 2.60%, 10/15/2025 (a)		475,000		469,682

Greenko Dutch BV (India) 3.85%, 3/29/2026 (a)		197,000		191,090

Gulfport Energy Corp. 8.00%, 5/17/2026 (a)		55,000		58,162

Hess Midstream Operations LP 5.63%, 2/15/2026 (a)		70,000		71,750


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Oil, Gas & Consumable Fuels — continued

Leviathan Bond Ltd. (Israel) 6.13%, 6/30/2025 (d)		50,000		50,681

Lundin Energy Finance BV (Netherlands) 2.00%, 7/15/2026 (a)		200,000		193,125

MEG Energy Corp. (Canada) 7.13%, 2/1/2027 (a)		50,000		52,157

MPLX LP 4.88%, 12/1/2024		150,000		158,946

NGL Energy Operating LLC 7.50%, 2/1/2026 (a)		30,000		30,124

NuStar Logistics LP 5.63%, 4/28/2027		60,000		60,054

Occidental Petroleum Corp.

8.00%, 7/15/2025		110,000		124,456

5.88%, 9/1/2025		45,000		48,263

6.13%, 1/1/2031		180,000		204,678

Oil and Gas Holding Co. BSCC (The) (Bahrain) 7.63%, 11/7/2024 (d)		200,000		209,000

Petroleos Mexicanos (Mexico)

4.25%, 1/15/2025		100,000		99,850

4.50%, 1/23/2026		100,000		98,240

6.88%, 8/4/2026		30,000		31,663

6.49%, 1/23/2027		200,000		205,300

Range Resources Corp.

4.88%, 5/15/2025		60,000		60,900

4.75%, 2/15/2030 (a)		50,000		48,938

Southwestern Energy Co.

5.38%, 2/1/2029		45,000		46,295

5.38%, 3/15/2030		105,000		108,412

Sunoco LP

6.00%, 4/15/2027		60,000		61,934

5.88%, 3/15/2028		45,000		45,788

Tallgrass Energy Partners LP

7.50%, 10/1/2025 (a)		25,000		26,250

6.00%, 12/31/2030 (a)		85,000		81,869

Targa Resources Partners LP

6.88%, 1/15/2029		150,000		163,262

4.88%, 2/1/2031		60,000		61,679

Trinidad Petroleum Holdings Ltd. (Trinidad and Tobago) 9.75%, 6/15/2026 (a)		25,000		25,630

Western Midstream Operating LP 4.75%, 8/15/2028		55,000		56,925


				5,435,364


Paper & Forest Products — 0.1%

Fibria Overseas Finance Ltd. (Brazil) 5.50%, 1/17/2027		100,000		107,162


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Personal Products — 0.1%

Edgewell Personal Care Co. 5.50%, 6/1/2028 (a)		120,000		120,600

Prestige Brands, Inc. 5.13%, 1/15/2028 (a)		60,000		60,075


				180,675


Pharmaceuticals — 0.6%

Bausch Health Americas, Inc.

9.25%, 4/1/2026 (a)		310,000		320,528

8.50%, 1/31/2027 (a)		120,000		121,442

Bausch Health Cos., Inc. 4.88%, 6/1/2028 (a)		285,000		273,763

Jazz Securities DAC 4.38%, 1/15/2029 (a)		200,000		198,092

Organon & Co. 5.13%, 4/30/2031 (a)		200,000		199,654

Par Pharmaceutical, Inc. 7.50%, 4/1/2027 (a)		50,000		50,082


				1,163,561


Real Estate Management & Development — 0.1%

Country Garden Holdings Co. Ltd. (China) 3.13%, 10/22/2025 (d)		200,000		140,900

Kennedy-Wilson, Inc. 4.75%, 3/1/2029		75,000		73,252

Realogy Group LLC 5.75%, 1/15/2029 (a)		55,000		54,381


				268,533


Road & Rail — 0.4%

Avis Budget Car Rental LLC

5.75%, 7/15/2027 (a)		45,000		45,361

4.75%, 4/1/2028 (a)		35,000		33,250

Hertz Corp. (The) 4.63%, 12/1/2026 (a)		75,000		71,438

Triton Container International Ltd. (Bermuda)

1.15%, 6/7/2024 (a)		200,000		194,600

2.05%, 4/15/2026 (a)		359,000		347,691

Uber Technologies, Inc. 7.50%, 5/15/2025 (a)		60,000		62,415

XPO Logistics, Inc. 6.25%, 5/1/2025 (a)		50,000		51,856


				806,611


Semiconductors & Semiconductor Equipment — 0.4%

Broadcom Corp. 3.88%, 1/15/2027		150,000		156,180

Marvell Technology, Inc. 1.65%, 4/15/2026		125,000		120,368

Microchip Technology, Inc. 4.25%, 9/1/2025		380,000		389,989

ON Semiconductor Corp. 3.88%, 9/1/2028 (a)		75,000		74,344


				740,881


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Software — 0.2%

CDK Global, Inc. 4.88%, 6/1/2027		35,000		35,842

Clarivate Science Holdings Corp.

3.88%, 7/1/2028 (a)		70,000		66,150

Fair Isaac Corp. 4.00%, 6/15/2028 (a)		35,000		34,344

NCR Corp.

5.13%, 4/15/2029 (a)		9,000		8,899

6.13%, 9/1/2029 (a)		115,000		119,347

Nuance Communications, Inc. 5.63%, 12/15/2026		30,000		30,830

SS&C Technologies, Inc. 5.50%, 9/30/2027 (a)		70,000		71,943


				367,355


Specialty Retail — 0.4%

Asbury Automotive Group, Inc. 4.50%, 3/1/2028		65,000		63,884

Bath & Body Works, Inc.

5.25%, 2/1/2028		45,000		46,829

7.50%, 6/15/2029		20,000		21,918

6.75%, 7/1/2036		25,000		27,267

Gap, Inc. (The) 3.63%, 10/1/2029 (a)		95,000		86,023

Group 1 Automotive, Inc. 4.00%, 8/15/2028 (a)		55,000		53,006

Lithia Motors, Inc.

4.63%, 12/15/2027 (a)		35,000		35,788

4.38%, 1/15/2031 (a)		35,000		35,262

Penske Automotive Group, Inc.

3.50%, 9/1/2025		30,000		29,702

3.75%, 6/15/2029		25,000		23,344

PetSmart, Inc. 4.75%, 2/15/2028 (a)		250,000		249,375

SRS Distribution, Inc. 4.63%, 7/1/2028 (a)		55,000		52,731

Staples, Inc. 7.50%, 4/15/2026 (a)		60,000		59,322


				784,451


Technology Hardware, Storage & Peripherals — 0.0% (e)

Seagate HDD Cayman 4.88%, 6/1/2027		50,000		51,375


Textiles, Apparel & Luxury Goods — 0.0% (e)

William Carter Co. (The) 5.63%, 3/15/2027 (a)		35,000		35,656


Thrifts & Mortgage Finance — 1.3%

BPCE SA (France)

5.70%, 10/22/2023 (a)		400,000		420,034

5.15%, 7/21/2024 (a)		285,000		298,855

2.38%, 1/14/2025 (a)		500,000		494,472

4.50%, 3/15/2025 (a)		200,000		207,653


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Thrifts & Mortgage Finance — continued

Ladder Capital Finance Holdings LLLP REIT, 5.25%, 10/1/2025 (a)		85,000		85,212

Nationstar Mortgage Holdings, Inc. 6.00%, 1/15/2027 (a)		80,000		81,200

Nationwide Building Society (United Kingdom)

(ICE LIBOR USD 3 Month + 1.06%), 3.77%, 3/8/2024 (a) (c)		200,000		203,209

(ICE LIBOR USD 3 Month + 1.39%), 4.36%, 8/1/2024 (a) (c)		200,000		205,681

4.00%, 9/14/2026 (a)		350,000		363,360

Rocket Mortgage LLC

2.88%, 10/15/2026 (a)		19,000		17,851

3.63%, 3/1/2029 (a)		50,000		46,819

4.00%, 10/15/2033 (a)		5,000		4,654


				2,429,000


Tobacco — 0.2%

Imperial Brands Finance plc (United Kingdom) 3.13%, 7/26/2024 (a)		200,000		202,218

Reynolds American, Inc. (United Kingdom) 4.45%, 6/12/2025		150,000		156,865


				359,083


Trading Companies & Distributors — 0.8%

Air Lease Corp.

4.25%, 2/1/2024		150,000		154,886

2.30%, 2/1/2025		480,000		474,225

Aviation Capital Group LLC

4.38%, 1/30/2024 (a)		200,000		204,868

5.50%, 12/15/2024 (a)		150,000		159,514

1.95%, 1/30/2026 (a)		250,000		238,055

Herc Holdings, Inc. 5.50%, 7/15/2027 (a)		60,000		61,500

Imola Merger Corp. 4.75%, 5/15/2029 (a)		82,000		79,524

United Rentals North America, Inc. 4.88%, 1/15/2028		155,000		158,191

WESCO Distribution, Inc. 7.25%, 6/15/2028 (a)		70,000		75,156


				1,605,919


Wireless Telecommunication Services — 0.3%

Hughes Satellite Systems Corp. 6.63%, 8/1/2026		75,000		78,115

Sprint Corp. 7.63%, 3/1/2026		180,000		205,212

T-Mobile USA, Inc.

3.50%, 4/15/2025		150,000		154,203


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Wireless Telecommunication Services — continued

4.75%, 2/1/2028		75,000		77,426


				514,956


Total Corporate Bonds (Cost $76,988,024)				74,218,559

U.S. Treasury Obligations — 22.0%

U.S. Treasury Notes

0.50%, 11/30/2023		1,530,000		1,505,556

0.38%, 8/15/2024		835,000		810,994

0.38%, 9/15/2024		2,225,000		2,157,642

0.63%, 10/15/2024		4,355,000		4,246,465

0.75%, 11/15/2024		7,280,000		7,112,219

1.00%, 12/15/2024		18,055,000		17,751,732

1.13%, 1/15/2025		260,000		256,323

1.50%, 2/15/2025		6,300,000		6,274,898

0.50%, 2/28/2026		15,000		14,285

0.75%, 5/31/2026		80,000		76,738

0.75%, 8/31/2026		80,000		76,556

0.88%, 9/30/2026		420,000		403,774

1.25%, 12/31/2026		150,000		146,531

1.50%, 1/31/2027		750,000		741,152

1.25%, 9/30/2028		140,000		134,958

1.38%, 12/31/2028		590,000		572,853


Total U.S. Treasury Obligations (Cost $42,813,199)				42,282,676

Asset-Backed Securities — 17.0%

ACC Auto Trust Series 2021-A, Class A, 1.08%, 4/15/2027 (a)		276,146		274,853

ACC Trust Series 2020-A, Class A, 6.00%, 3/20/2023 (a)		47,883		48,154

Accelerated LLC Series 2021-1H, Class B, 1.90%, 10/20/2040 ‡ (a)		291,918		281,309

Affirm Asset Securitization Trust Series 2020-A, Class A, 2.10%, 2/18/2025 (a)		225,000		225,120

AIMCO CLO Ltd. (Cayman Islands) Series 2019-10A, Class AR, 1.32%, 7/22/2032 (a) (g)		350,000		348,846

Aligned Data Centers Issuer LLC Series 2021-1A, Class A2, 1.94%, 8/15/2046 (a)		263,000		251,869

American Credit Acceptance Receivables Trust Series 2020-1, Class E, 3.32%, 3/13/2026 (a)		450,000		454,576

AMSR Trust

Series 2021-SFR3, Class E1, 2.33%, 10/17/2038 ‡ (a)		300,000		278,760


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Asset-Backed Securities — continued

Series 2021-SFR4, Class E1, 2.97%, 12/17/2038 ‡ (a)		400,000		379,423

Aqua Finance Trust Series 2021-A, Class B, 2.40%, 7/17/2046 ‡ (a)		313,000		301,927

Ares CLO Ltd. (Cayman Islands) Series 2016-40A, Class A1RR, 1.11%, 1/15/2029 (a) (g)		750,866		749,957

Atlas Senior Loan Fund (Cayman Islands) Series 2019-13A, Class A1NR, 1.34%, 4/22/2031 (a) (g)		200,000		199,470

Bain Capital Credit CLO Ltd. (Cayman Islands) Series 2017-1A, Class A1R, 1.22%, 7/20/2030 (a) (g)		337,000		335,718

Ballyrock CLO Ltd. (Cayman Islands) Series 2019-1A, Class A1R, 1.27%, 7/15/2032 (a) (g)		250,000		249,127

BSPRT Issuer Ltd. (Cayman Islands) Series 2021-FL7, Class B, 2.24%, 12/15/2038 ‡ (a) (g)		475,000		473,829

Business Jet Securities LLC

Series 2020-1A, Class A, 2.98%, 11/15/2035 (a)		603,679		601,683

Series 2021-1A, Class A, 2.16%, 4/15/2036 (a)		308,237		296,969

CarMax Auto Owner Trust Series 2018-1, Class D, 3.37%, 7/15/2024		185,000		185,197

CarNow Auto Receivables Trust

Series 2021-1A, Class C, 2.16%, 2/17/2026 (a)		196,000		193,796

Series 2021-2A, Class C, 1.69%, 3/15/2027 (a)		500,000		489,533

CIFC Funding Ltd. (Cayman Islands)

Series 2012-2RA, Class A1, 1.05%, 1/20/2028 (a) (g)		170,667		170,532

Series 2019-1A, Class AR, 1.35%, 4/20/2032 (a) (g)		250,000		249,767

Consumer Loan Underlying Bond Certificate Issuer Trust I Series 2019-HP1, Class B, 3.48%, 12/15/2026 ‡ (a)		200,000		201,257

Continental Finance Credit Card ABS Master Trust Series 2021-A, Class A, 2.55%, 12/17/2029 (a)		400,000		392,965

CPS Auto Receivables Trust

Series 2019-B, Class E, 5.00%, 3/17/2025 (a)		500,000		515,952

Series 2019-A, Class E, 5.81%, 3/16/2026 (a)		500,000		519,414

Series 2021-C, Class C, 1.21%, 6/15/2027 (a)		244,000		238,048

Series 2021-D, Class D, 2.31%, 12/15/2027 (a)		200,000		194,792


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Credit Acceptance Auto Loan Trust Series 2021-3A, Class C, 1.63%, 9/16/2030 (a)		250,000		241,786

Crossroads Asset Trust Series 2021-A, Class C, 1.44%, 1/20/2026 ‡ (a)		125,000		122,309

Dext ABS LLC Series 2021-1, Class A, 1.12%, 2/15/2028 (a)		267,572		264,285

Dryden Senior Loan Fund (Cayman Islands) Series 2017-49A, Class AR, 1.19%, 7/18/2030 (a) (g)		500,000		499,468

DT Auto Owner Trust

Series 2018-2A, Class E, 5.54%, 6/16/2025 (a)		185,000		188,585

Series 2020-1A, Class D, 2.55%, 11/17/2025 (a)		190,000		190,421

Series 2021-1A, Class D, 1.16%, 11/16/2026 (a)		250,000		242,771

Series 2021-3A, Class D, 1.31%, 5/17/2027 (a)		250,000		239,911

Exeter Automobile Receivables Trust

Series 2019-3A, Class D, 3.11%, 8/15/2025 (a)		195,000		197,827

Series 2021-2A, Class D, 1.40%, 4/15/2027		210,000		205,223

Series 2021-4A, Class D, 1.96%, 1/17/2028		480,000		468,010

FCI Funding LLC Series 2021-1A, Class A, 1.13%, 4/15/2033 (a)		126,376		125,057

FHF Trust

Series 2021-2A, Class A, 0.83%, 12/15/2026 (a)		372,961		366,893

Series 2021-1A, Class A, 1.27%, 3/15/2027 (a)		127,596		125,696

First Investors Auto Owner Trust Series 2017-3A, Class D, 3.44%, 3/15/2024 (a)		153,112		153,896

FirstKey Homes Trust Series 2021-SFR3, Class E1, 2.99%, 12/17/2038 ‡ (a)		500,000		474,272

Flagship Credit Auto Trust

Series 2021-1, Class D, 1.27%, 3/15/2027 (a)		225,000		217,159

Series 2021-3, Class C, 1.46%, 9/15/2027 (a)		143,000		137,913

Foundation Finance Trust Series 2021-1A, Class A, 1.27%, 5/15/2041 (a)		142,145		137,674

Foursight Capital Automobile Receivables Trust Series 2018-2, Class F, 6.48%, 6/15/2026 (a)		145,000		146,865

FREED ABS Trust Series 2021-1CP, Class B, 1.41%, 3/20/2028 ‡ (a)		185,000		183,460


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Asset-Backed Securities — continued

FRTKL Series 2021-SFR1, Class D, 2.17%, 9/17/2038 ‡ (a)		238,000		221,043

Galaxy CLO Ltd. (Cayman Islands)

Series 2015-19A, Class A1RR, 1.21%, 7/24/2030 (a) (g)		250,000		249,632

Series 2015-21A, Class AR, 1.27%, 4/20/2031 (a) (g)		250,000		249,404

GLS Auto Receivables Issuer Trust

Series 2019-4A, Class C, 3.06%, 8/15/2025 (a)		175,000		176,797

Series 2021-3A, Class D, 1.48%, 7/15/2027 (a)		200,000		192,761

Goldman Home Improvement Trust Issuer Trust Series 2021-GRN2, Class A, 1.15%, 6/25/2051 (a)		182,226		177,249

Home Partners of America Trust Series 2021-3, Class E1, 3.20%, 1/17/2041 ‡ (a)		499,222		473,200

LCM LP (Cayman Islands) Series 14A, Class AR, 1.29%, 7/20/2031 (a) (g)		400,000		399,679

LCM Ltd. (Cayman Islands) Series 26A, Class A1, 1.32%, 1/20/2031 (a) (g)		250,000		249,708

Lendbuzz Securitization Trust Series 2021-1A, Class A, 1.46%, 6/15/2026 (a)		218,091		216,089

Lendingpoint Asset Securitization Trust

Series 2021-A, Class B, 1.46%, 12/15/2028 ‡ (a)		203,000		199,688

Series 2022-A, Class C, 2.82%, 6/15/2029 (a)		300,000		297,153

LendingPoint Asset Securitization Trust Series 2020-REV1, Class B, 4.49%, 10/15/2028 ‡ (a)		300,000		302,608

LendingPoint Pass-Through Trust Series 2022-ST1, Class A, 2.50%, 3/15/2028 (a)		234,000		232,306

Lendmark Funding Trust Series 2019-2A, Class A, 2.78%, 4/20/2028 (a)		225,000		226,840

LL ABS Trust

Series 2019-1A, Class B, 3.52%, 3/15/2027 ‡ (a)		4,530		4,534

Series 2021-1A, Class A, 1.07%, 5/15/2029 (a)		217,095		214,218

LMREC LLC Series 2021-CRE4, Class A, 1.24%, 4/22/2037 (a) (g)		184,000		183,586

Longfellow Place CLO Ltd. (Cayman Islands) Series 2013-1A, Class AR3, 1.24%, 4/15/2029 (a) (g)		123,267		123,211

Mariner Finance Issuance Trust Series 2021-AA, Class A, 1.86%, 3/20/2036 (a)		192,000		184,257


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Mercury Financial Credit Card Master Trust Series 2021-1A, Class A, 1.54%, 3/20/2026 (a)		284,000		281,044

Mission Lane Credit Card Master Trust Series 2021-A, Class A, 1.59%, 9/15/2026 (a)		355,000		349,613

MVW LLC

Series 2021-1WA, Class A, 1.14%, 1/22/2041 (a)		187,028		181,146

Series 2021-1WA, Class B, 1.44%, 1/22/2041 ‡ (a)		80,270		77,391

Neuberger Berman CLO (Cayman Islands) Series 2013-15A, Class A1R2, 1.16%, 10/15/2029 (a) (g)		608,000		606,312

Neuberger Berman Loan Advisers CLO Ltd. (Cayman Islands) Series 2020-37A, Class AR, 1.22%, 7/20/2031 (a) (g)		354,000		353,204

New Residential Mortgage Loan Trust Series 2022-SFR1, Class E1, 3.55%, 2/17/2039 (a)		520,000		500,583

NMEF Funding LLC Series 2021-A, Class B, 1.85%, 12/15/2027 ‡ (a)		178,000		173,729

NRZ Excess Spread-Collateralized Notes Series 2021-FNT1, Class A, 2.98%, 3/25/2026 (a)		139,966		135,558

Oportun Funding XIV LLC Series 2021-A, Class A, 1.21%, 3/8/2028 (a)		172,000		168,051

Pagaya AI Debt Selection Trust

Series 2021-1, Class A, 1.18%, 11/15/2027 (a)		123,205		122,211

Series 2021-HG1, Class A, 1.22%, 1/16/2029 (a)		303,362		299,383

Series 2021-3, Class A, 1.15%, 5/15/2029 (a)		198,205		195,640

Palmer Square Loan Funding Ltd. (Cayman Islands)

Series 2020-1A, Class A1, 1.28%, 2/20/2028 (a) (g)		99,183		99,159

Series 2021-2A, Class A1, 1.28%, 5/20/2029 (a) (g)		154,784		154,384

PRET LLC

Series 2021-NPL3, Class A1, 1.87%, 7/25/2051 (a) (f)		227,022		222,102

Series 2021-NPL6, Class A1, 2.49%, 7/25/2051 ‡ (a) (f)		359,136		351,814

Series 2021-RN4, Class A1, 2.49%, 10/25/2051 (a) (g)		524,446		517,974

Pretium Mortgage Credit Partners I LLC

Series 2021-NPL2, Class A1, 1.99%, 6/27/2060 (a) (f)		240,849		234,592


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Asset-Backed Securities — continued

Series 2021-NPL1, Class A1, 2.24%, 9/27/2060 (a) (f)		194,420		190,411

Progress Residential Series 2021-SFR3, Class E1, 2.54%, 5/17/2026 ‡ (a)		200,000		185,816

Progress Residential Trust Series 2021-SFR8, Class E1, 2.38%, 10/17/2038 ‡ (a)		350,000		322,823

Santander Drive Auto Receivables Trust

Series 2021-1, Class D, 1.13%, 11/16/2026		190,000		186,925

Series 2021-3, Class D, 1.33%, 9/15/2027		300,000		291,766

Skopos Auto Receivables Trust Series 2019-1A, Class C, 3.63%, 9/16/2024 (a)		134,412		135,383

SoFi Consumer Loan Program Trust Series 2018-4, Class D, 4.76%, 11/26/2027 ‡ (a)		175,000		176,818

Sound Point CLO Ltd. (Cayman Islands) Series 2019-1A, Class AR, 1.33%, 1/20/2032 (a) (g)		400,000		398,768

Stratus CLO Ltd. (Cayman Islands) Series 2021-1A, Class A, 0.89%, 12/29/2029 (a) (g)		500,000		499,410

Symphony CLO Ltd. (Cayman Islands) Series 2016-18A, Class A1RR, 1.36%, 7/23/2033 (a) (g)		250,000		249,307

Tricon Residential Trust Series 2021-SFR1, Class E1, 2.79%, 7/17/2038 ‡ (a)		240,000		225,587

Upstart Pass-Through Trust

Series 2021-ST4, Class A, 2.00%, 7/20/2027 (a)		166,920		163,673

Series 2021-ST5, Class A, 2.00%, 7/20/2027 (a)		194,781		191,045

Series 2021-ST8, Class A, 1.75%, 10/20/2029 (a)		275,957		270,506

Series 2021-ST9, Class A, 1.70%, 11/20/2029 (a)		231,963		227,394

Series 2021-ST10, Class A, 2.25%, 1/20/2030 (a)		431,553		424,502

Series 2022-ST1, Class A, 2.60%, 3/20/2030 (a)		597,000		592,162

Upstart Securitization Trust

Series 2019-3, Class B, 3.83%, 1/21/2030 ‡ (a)		145,188		145,894

Series 2020-1, Class B, 3.09%, 4/22/2030 ‡ (a)		200,000		201,079

Series 2021-2, Class B, 1.75%, 6/20/2031 ‡ (a)		275,000		268,807

Series 2021-3, Class A, 0.83%, 7/20/2031 (a)		179,694		178,002


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Series 2021-4, Class B, 1.84%, 9/20/2031 ‡ (a)		231,000		221,443

Series 2021-5, Class B, 2.49%, 11/20/2031 ‡ (a)		225,000		217,083

US Auto Funding

Series 2021-1A, Class A, 0.79%, 7/15/2024 (a)		64,412		64,090

Series 2021-1A, Class B, 1.49%, 3/17/2025 (a)		142,000		139,351

VCAT LLC

Series 2021-NPL2, Class A1, 2.12%, 3/27/2051 (a) (f)		182,666		179,185

Series 2021-NPL3, Class A1, 1.74%, 5/25/2051 (a) (f)		192,777		188,431

Series 2021-NPL4, Class A1, 1.87%, 8/25/2051 ‡ (a) (f)		277,057		269,497

Venture CLO Ltd. (Cayman Islands) Series 2018-32A, Class A2A, 1.31%, 7/18/2031 (a) (g)		150,000		149,680

Veros Auto Receivables Trust Series 2021-1, Class A, 0.92%, 10/15/2026 (a)		105,852		104,979

VOLT CIII LLC Series 2021-CF1, Class A1, 1.99%, 8/25/2051 ‡ (a) (f)		347,535		341,755

VOLT XCIX LLC Series 2021-NPL8, Class A1, 2.12%, 4/25/2051 (a) (f)		157,010		153,540

VOLT XCVI LLC Series 2021-NPL5, Class A1, 2.12%, 3/27/2051 (a) (f)		130,949		128,683

VOLT XCVII LLC Series 2021-NPL6, Class A1, 2.24%, 4/25/2051 (a) (f)		164,127		161,147

Westlake Automobile Receivables Trust

Series 2019-3A, Class E, 3.59%, 3/17/2025 (a)		100,000		101,970

Series 2020-1A, Class D, 2.80%, 6/16/2025 (a)		175,000		175,450

Series 2021-1A, Class C, 0.95%, 3/16/2026 (a)		260,000		256,469

Series 2021-1A, Class D, 1.23%, 4/15/2026 (a)		250,000		243,686

Series 2021-3A, Class D, 2.12%, 1/15/2027 (a)		450,000		441,085


Total Asset-Backed Securities (Cost $33,294,510)				32,693,779

Mortgage-Backed Securities — 9.9%

FHLMC Gold Pools, 30 Year

Pool # G08878, 4.50%, 5/1/2049		347,325		367,641

FHLMC UMBS, 10 Year

Pool # RD5034, 2.00%, 9/1/2030		587,291		583,717

FHLMC UMBS, 15 Year

Pool # ZS6689, 2.50%, 4/1/2028		248,771		252,463


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Mortgage-Backed Securities — continued

FNMA UMBS, 15 Year

Pool # FM2072, 3.00%, 12/1/2031		314,041		323,068

FNMA UMBS, 20 Year

Pool # CA8310, 2.50%, 12/1/2040 (h)		289,657		291,319

FNMA UMBS, 30 Year

Pool # BM1285, 4.50%, 5/1/2047		185,560		198,702

FNMA/FHLMC UMBS, Single Family, 15 Year

TBA, 2.50%, 4/25/2036 (h)		3,430,000		3,462,680

TBA, 2.00%, 3/25/2037 (h)		8,910,000		8,843,871

FNMA/FHLMC UMBS, Single Family, 30 Year

TBA, 3.00%, 3/25/2052 (h)		440,000		444,400

GNMA II, 30 Year

Pool # MA7534, 2.50%, 8/20/2051		96,367		96,437

Pool # MA7535, 3.00%, 8/20/2051		432,779		440,861

Pool # MA7650, 3.00%, 10/20/2051		581,319		592,030

Pool # MA7705, 2.50%, 11/20/2051		454,467		454,796

Pool # MA7706, 3.00%, 11/20/2051		561,313		571,530

Pool # MA7829, 3.50%, 1/20/2052		349,217		360,949

GNMA II, Single Family, 30 Year

TBA, 3.00%, 3/15/2052 (h)		120,000		121,992

TBA, 3.50%, 3/15/2052 (h)		1,550,000		1,599,164


Total Mortgage-Backed Securities (Cost $19,196,515)				19,005,620

Commercial Mortgage-Backed Securities — 6.3%

AREIT Trust (Cayman Islands)

Series 2022-CRE6, Class C, 2.20%, 12/17/2024 ‡ (a) (g)		450,000		450,000

Series 2021-CRE5, Class C, 2.44%, 8/17/2026 ‡ (a) (g)		336,000		334,485

Beast Mortgage Trust Series 2021-1818, Class B, 1.70%, 3/15/2036 ‡ (a) (g)		179,000		176,652

BX Commercial Mortgage Trust

Series 2021-VOLT, Class D, 1.84%, 9/15/2036 (a) (g)		275,000		264,838

Series 2021-XL2, Class E, 2.04%, 10/15/2038 ‡ (a) (g)		384,767		375,597

BX Trust

Series 2021-RISE, Class D, 1.94%, 11/15/2036 ‡ (a) (g)		360,000		353,725

Series 2022-LBA6, Class D, 2.10%, 1/15/2039 (a) (g)		525,000		515,946

Citigroup Commercial Mortgage Trust

Series 2021-PRM2, Class F, 3.94%, 10/15/2036 ‡ (a) (g)		275,000		269,382

Series 2014-GC19, Class D, 5.09%, 3/10/2047 ‡ (a) (g)		250,000		253,236


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Series 2014-GC23, Class C, 4.43%, 7/10/2047 ‡ (g)		200,000		202,700

Series 2015-GC27, Class B, 3.77%, 2/10/2048 ‡		200,000		199,654

Series 2015-GC27, Class C, 4.42%, 2/10/2048 ‡ (g)		440,000		436,657

Series 2015-GC29, Class C, 4.14%, 4/10/2048 ‡ (g)		400,000		401,895

Series 2015-GC31, Class C, 4.04%, 6/10/2048 ‡ (g)		250,000		247,590

Commercial Mortgage Trust

Series 2019-WCM, Class G, 2.89%, 10/15/2034 ‡ (a) (g)		385,000		374,024

Series 2013-CR10, Class AM, 4.52%, 8/10/2046 (a) (g)		200,000		205,692

Series 2014-CR20, Class C, 4.49%, 11/10/2047 ‡ (g)		100,000		100,264

Series 2015-CR26, Class B, 4.48%, 10/10/2048 ‡ (g)		200,000		206,727

Series 2015-PC1, Class B, 4.32%, 7/10/2050 ‡ (g)		200,000		206,012

CSAIL Commercial Mortgage Trust Series 2015-C4, Class E, 3.56%, 11/15/2048 ‡ (g)		325,000		303,740

FHLMC, Multi-Family Structured Pass-Through Certificates

Series K068, Class X1, IO, 0.43%, 8/25/2027 (g)		3,641,399		78,177

Series K028, Class X3, IO, 1.66%, 6/25/2041 (g)		4,629,000		82,393

Series K111, Class X3, IO, 3.18%, 4/25/2048 (g)		405,000		89,172

Series K110, Class X3, IO, 3.40%, 6/25/2048 (g)		380,000		87,928

Series K119, Class X3, IO, 2.73%, 9/25/2048 (g)		460,000		89,835

Series K115, Class X3, IO, 2.96%, 9/25/2048 (g)		430,000		87,999

Series K125, Class X3, IO, 2.65%, 2/25/2049 (g)		460,000		89,207

FREMF Mortgage Trust

Series 2018-K732, Class C, 4.06%, 5/25/2025 (a) (g)		200,000		203,930

Series 2016-K57, Class C, 3.92%, 8/25/2049 (a) (g)		185,000		188,565

Series 2016-K58, Class C, 3.74%, 9/25/2049 (a) (g)		110,000		112,063

Series 2017-K62, Class C, 3.88%, 1/25/2050 (a) (g)		200,000		203,626


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Commercial Mortgage-Backed Securities — continued

GS Mortgage Securities Trust

Series 2016-GS2, Class B, 3.76%, 5/10/2049 ‡ (g)		100,000		100,687

Series 2016-GS3, Class C, 3.99%, 10/10/2049 ‡ (g)		165,000		163,671

Series 2017-GS5, Class D, 3.51%, 3/10/2050 ‡ (a) (g)		250,000		229,047

Independence Plaza Trust

Series 2018-INDP, Class A, 3.76%, 7/10/2035 (a)		175,000		176,935

Series 2018-INDP, Class C, 4.16%, 7/10/2035 (a)		150,000		150,707

JPMBB Commercial Mortgage Securities Trust

Series 2015-C31, Class C, 4.62%, 8/15/2048 ‡ (g)		150,000		151,643

Series 2016-C1, Class D1, 4.23%, 3/17/2049 ‡ (a) (g)		400,000		386,820

JPMCC Commercial Mortgage Securities Trust Series 2017-JP5, Class D, 4.60%, 3/15/2050 ‡ (a) (g)		275,000		255,726

JPMorgan Chase Commercial Mortgage Securities Trust Series 2013-C16, Class D, 5.01%, 12/15/2046 ‡ (a) (g)		200,000		199,795

KKR Industrial Portfolio Trust Series 2021-KDIP, Class D, 1.44%, 12/15/2037 ‡ (a) (g)		131,250		128,127

Life Mortgage Trust Series 2021-BMR, Class C, 1.29%, 3/15/2038 ‡ (a) (g)		191,679		186,399

MHC Commercial Mortgage Trust Series 2021-MHC, Class D, 1.79%, 4/15/2038 ‡ (a) (g)		250,000		245,619

Morgan Stanley Bank of America Merrill Lynch Trust

Series 2014-C14, Class D, 5.05%, 2/15/2047 ‡ (a) (g)		175,023		175,423

Series 2015-C24, Class D, 3.26%, 5/15/2048 (a)		220,000		202,615

Multi-Family Connecticut Avenue Securities Trust Series 2019-01, Class M7, 1.89%, 10/15/2049 ‡ (a) (g)		68,364		66,879

PFP Ltd. (Cayman Islands) Series 2021-7, Class C, 1.78%, 4/14/2038 ‡ (a) (g)		166,492		164,239

SG Commercial Mortgage Securities Trust Series 2016-C5, Class B, 3.93%, 10/10/2048 ‡		225,000		222,465

SMRT Series 2022-MINI, Class E, 2.80%, 1/15/2024 (a) (g)		350,000		343,656

STWD Mortgage Trust (Cayman Islands) Series 2021-LIH, Class B, 1.85%, 11/15/2036 ‡ (a) (g)		400,000		391,989


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Velocity Commercial Capital Loan Trust Series 2021-2, Class A, 1.52%, 8/25/2051 (a) (g)		342,622		325,575

Wells Fargo Commercial Mortgage Trust Series 2015-LC22, Class D, 4.56%, 9/15/2058 ‡ (g)		205,000		197,686

WFRBS Commercial Mortgage Trust

Series 2013-C11, Class C, 4.18%, 3/15/2045 ‡ (g)		117,000		117,838

Series 2014-C25, Class B, 4.24%, 11/15/2047 ‡ (g)		160,000		162,544

Series 2014-C22, Class C, 3.76%, 9/15/2057 ‡ (g)		225,000		224,809


Total Commercial Mortgage-Backed Securities (Cost $12,600,740)				12,162,605

Collateralized Mortgage Obligations — 2.8%

Connecticut Avenue Securities Trust

Series 2022-R01, Class 1M2, 1.95%, 12/25/2041 ‡ (a) (g)		521,000		509,730

Series 2022-R02, Class 2M2, 3.05%, 1/25/2042 (a) (g)		225,000		221,445

FHLMC STACR REMIC Trust

Series 2020-DNA1, Class M2, 1.89%, 1/25/2050 (a) (g)		126,085		126,327

Series 2020-HQA3, Class B1, 5.94%, 7/25/2050 (a) (g)		200,000		207,400

FHLMC Structured Agency Credit Risk Debt Notes Series 2021-DNA2, Class M2, 2.35%, 8/25/2033 (a) (g)		100,000		101,132

FHLMC, REMIC

Series 3993, Class BC, 3.50%, 1/15/2027		425,000		439,573

Series 2673, Class PE, 5.50%, 9/15/2033		127,895		141,292

Series 4718, Class DA, 3.00%, 2/15/2047		341,323		346,757

Series 4937, Class MS, IF, IO, 5.86%, 12/25/2049 (g)		345,545		56,818

Series 5021, Class MI, IO, 3.00%, 10/25/2050		530,430		86,170

FHLMC, STRIPS Series 311, Class S1, IF, IO, 5.76%, 8/15/2043 (g)		476,829		83,426

FNMA, Connecticut Avenue Securities Series 2017-C07, Class 2M2, 2.69%, 5/25/2030 (g)		117,974		119,297

FNMA, REMIC Series 2012-136, Class DL, 3.50%, 12/25/2042		270,000		276,917

GNMA Series 2021-9, Class MI, IO, 2.50%, 1/20/2051		274,042		34,361


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Collateralized Mortgage Obligations — continued

Legacy Mortgage Asset Trust Series 2021-GS3, Class A1, 1.75%, 7/25/2061 (a) (f)		131,925		128,479

LHOME Mortgage Trust Series 2021-RTL1, Class A1, 2.09%, 9/25/2026 (a) (g)		188,000		183,416

NYMT Loan Trust Series 2021-SP1, Class A1, 1.67%, 8/25/2061 (a) (f)		306,322		297,256

PRPM LLC

Series 2021-2, Class A1, 2.12%, 3/25/2026 (a) (g)		148,160		145,460

Series 2021-5, Class A1, 1.79%, 6/25/2026 (a) (f)		217,533		210,060

Series 2021-6, Class A1, 1.79%, 7/25/2026 (a) (f)		324,680		317,157

Series 2021-7, Class A1, 1.87%, 8/25/2026 (a) (f)		277,176		269,628

Series 2021-11, Class A1, 2.49%, 11/25/2026 (a) (f)		278,860		273,808

RCO VII Mortgage LLC Series 2021-1, Class A1, 1.87%, 5/26/2026 (a) (f)		109,067		107,112

Verus Securitization Trust Series 2021-2, Class M1, 2.19%, 2/25/2066 ‡ (a) (g)		144,000		139,525

VOLT CV LLC Series 2021-CF2, Class A1, 2.49%, 11/27/2051 (a) (f)		469,262		463,222

ZH Trust Series 2021-1, Class A, 2.25%, 2/18/2027 (a)		205,883		204,048


Total Collateralized Mortgage Obligations (Cost $5,626,913)				5,489,816

Foreign Government Securities — 1.1%

Arab Republic of Egypt (Egypt) 3.88%, 2/16/2026 (a)		200,000		173,250

Dominican Republic Government Bond (Dominican Republic) 6.00%, 7/19/2028 (d)		300,000		309,525

Federal Republic of Nigeria (Nigeria) 6.50%, 11/28/2027 (d)		200,000		190,000

Hashemite Kingdom of Jordan (Jordan) 4.95%, 7/7/2025 (a)		200,000		200,000

Islamic Republic of Pakistan (Pakistan) 6.00%, 4/8/2026 (a)		200,000		182,522

Republic of Costa Rica (Costa Rica) 4.38%, 4/30/2025 (d)		200,000		202,787

Republic of Cote d’Ivoire (Ivory Coast) 5.75%, 12/31/2032 (d) (f)		65,695		63,449

Republic of Ecuador (Ecuador)

5.00%, 7/31/2030 (a) (f)		50,000		43,978

5.00%, 7/31/2030 (d) (f)		25,000		21,989

Republic of El Salvador (El Salvador) 5.88%, 1/30/2025 (d)		80,000		48,190


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Republic of Iraq (Iraq) 6.75%, 3/9/2023 (d)		200,000		198,475

Republic of Kenya (Kenya) 7.00%, 5/22/2027 (d)		200,000		191,000

Sultanate of Oman Government Bond (Oman) 4.75%, 6/15/2026 (d)		200,000		199,500

Ukraine Government Bond (Ukraine)

7.75%, 9/1/2023 (d)		100,000		40,000

7.75%, 9/1/2024 (d)		100,000		32,000


Total Foreign Government Securities (Cost $2,407,787)				2,096,665

Municipal Bonds — 0.1% (i)

California — 0.1%

California Housing Finance Agency Series 2021-1, Class X, Rev., 0.80%, 11/20/2035 (g) (Cost $137,010)		2,171,037		138,575


	SHARES
Short-Term Investments — 12.8%

Investment Companies — 12.4%

JPMorgan Prime Money Market Fund Class IM Shares, 0.07% (j) (k) (Cost $23,983,602)		23,975,012		23,982,204


Investment of Cash Collateral from Securities Loaned — 0.1%

JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03% (j) (k) (Cost $110,760)		110,760		110,760


	PRINCIPAL AMOUNT ($)

U.S. Treasury Obligations — 0.3%

U.S. Treasury Bills 0.06%, 3/24/2022 (l) (m) (Cost $567,980)		568,000		567,975


Total Short-Term Investments (Cost $24,662,342)				24,660,939


Total Investments — 110.5% (Cost $217,727,040)				212,749,234

Liabilities in Excess of Other Assets — (10.5)%				(20,287,555)


NET ASSETS — 100.0%				192,461,679

Percentages indicated are based on net assets.

Abbreviations


ABS		Asset-Backed Securities
CIFC		Commercial Industrial Finance Corp.
CLO		Collateralized Loan Obligations
FHLMC		Federal Home Loan Mortgage Corp.
FNMA		Federal National Mortgage Association
GNMA		Government National Mortgage Association
ICE		Intercontinental Exchange
IF		Inverse Floaters represent securities that pay interest at a rate that increases (decreases) with a decline (incline) in a specified index or have an interest rate that adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the rate in effect as of February 28, 2022. The rate may be subject to a cap and floor.
IO		Interest Only represents the right to receive the monthly interest payments on an underlying pool of mortgage loans. The principal amount shown represents the par value on the underlying pool. The yields on these securities are subject to accelerated principal paydowns as a result of prepayment or refinancing of the underlying pool of mortgage instruments. As a result, interest income may be reduced considerably.
LIBOR		London Interbank Offered Rate
REIT		Real Estate Investment Trust
REMIC		Real Estate Mortgage Investment Conduit
Rev.		Revenue
SOFR		Secured Overnight Financing Rate
STRIPS		Separate Trading of Registered Interest and Principal of Securities. The STRIPS Program lets investors hold and trade individual interest and principal components of eligible notes and bonds as separate securities.
TBA		To Be Announced; Security is subject to delayed delivery.
UMBS		Uniform Mortgage-Backed Securities
USD		United States Dollar


(a)		Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended.
(b)		The security or a portion of this security is on loan at February 28, 2022. The total value of securities on loan at February 28, 2022 is $105,786.
(c)		Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of February 28, 2022.
(d)		Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.
(e)		Amount rounds to less than 0.1% of net assets.
(f)		Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown is the current rate as of February 28, 2022.
(g)		Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of February 28, 2022.
(h)		All or a portion of the security is a when-issued security, delayed delivery security, or forward commitment.
(i)		The date shown represents the earliest of the prerefunded date, next put date or final maturity date.
(j)		Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.
(k)		The rate shown is the current yield as of February 28, 2022.
(l)		All or a portion of this security is deposited with the broker as initial margin for futures contracts or centrally cleared swaps.
(m)		The rate shown is the effective yield as of February 28, 2022.
‡		Value determined using significant unobservable inputs.


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
U.S. Treasury Obligations — 39.4%

U.S. Treasury Bonds

7.63%, 11/15/2022		3,527,000		3,692,190

7.50%, 11/15/2024		778,000		899,806

6.88%, 8/15/2025		638,000		748,603

6.63%, 2/15/2027		591,000		726,191

6.38%, 8/15/2027		4,000,000		4,952,187

6.13%, 11/15/2027		2,819,000		3,481,024

5.25%, 11/15/2028		2,000,000		2,433,125

6.13%, 8/15/2029		2,100,000		2,732,625

5.38%, 2/15/2031		3,169,000		4,100,884

4.50%, 2/15/2036		3,204,000		4,237,290

4.75%, 2/15/2037		206,000		281,222

5.00%, 5/15/2037		3,774,000		5,283,600

4.50%, 5/15/2038		542,000		728,397

3.50%, 2/15/2039		4,178,000		5,022,739

4.25%, 5/15/2039		10,000		13,141

4.50%, 8/15/2039		996,000		1,348,024

4.38%, 11/15/2039		356,000		474,871

4.63%, 2/15/2040		2,621,000		3,596,094

1.13%, 5/15/2040		8,270,000		6,878,314

4.38%, 5/15/2040		679,000		906,889

1.13%, 8/15/2040		276,000		228,692

1.38%, 11/15/2040		1,480,400		1,280,315

1.88%, 2/15/2041		6,916,000		6,504,282

2.25%, 5/15/2041		955,000		952,613

1.75%, 8/15/2041		240,000		220,237

2.00%, 11/15/2041		1,767,000		1,692,731

3.13%, 2/15/2042		1,963,000		2,239,047

2.50%, 2/15/2045		3,384,000		3,491,865

3.00%, 5/15/2045		38,000		42,697

2.50%, 5/15/2046		10,713,000		11,091,303

2.25%, 8/15/2046		1,749,000		1,729,597

3.00%, 2/15/2047		164,000		186,217

3.00%, 2/15/2049		1,782,000		2,068,234

2.25%, 8/15/2049		2,615,000		2,635,021

2.38%, 11/15/2049		1,810,000		1,875,895

2.00%, 2/15/2050		2,457,000		2,351,810

1.25%, 5/15/2050		21,176,400		16,901,414

1.38%, 8/15/2050		3,726,000		3,068,128

1.63%, 11/15/2050		2,706,000		2,370,710

2.00%, 8/15/2051		83,000		79,680

1.88%, 11/15/2051		384,000		358,440

U.S. Treasury Notes

0.13%, 7/31/2022		879,000		877,249

1.50%, 9/15/2022		804,000		807,361

0.13%, 9/30/2022		3,972,000		3,957,571


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


1.38%, 10/15/2022		50,000		50,184

0.13%, 12/31/2022		1,025,000		1,017,633

0.13%, 1/31/2023		551,000		546,372

0.50%, 3/15/2023		110,000		109,321

0.25%, 4/15/2023		2,229,000		2,206,275

0.13%, 4/30/2023		4,118,000		4,067,168

0.25%, 6/15/2023		5,597,000		5,526,819

1.38%, 8/31/2023		360,000		360,197

1.38%, 9/30/2023		15,802,000		15,807,555

0.38%, 10/31/2023		408,000		401,099

0.25%, 11/15/2023		27,506,000		26,975,220

2.88%, 11/30/2023		837,000		858,121

2.25%, 1/31/2024		10,000		10,150

2.50%, 1/31/2024		2,434,000		2,481,729

0.13%, 2/15/2024		11,119,000		10,832,338

1.50%, 2/29/2024		3,084,000		3,086,891

2.13%, 2/29/2024		10,000		10,128

2.38%, 2/29/2024		3,723,000		3,789,025

0.25%, 3/15/2024		2,552,000		2,488,200

2.13%, 3/31/2024		40,000		40,516

2.50%, 5/15/2024		100,000		102,086

2.00%, 5/31/2024		3,850,000		3,889,703

1.75%, 6/30/2024		1,967,000		1,976,374

1.75%, 7/31/2024		10,000		10,045

2.38%, 8/15/2024		2,800,000		2,853,156

1.25%, 8/31/2024		3,403,000		3,375,085

1.88%, 8/31/2024		259,000		260,882

1.50%, 9/30/2024		100,000		99,734

1.50%, 10/31/2024		993,000		990,130

1.50%, 11/30/2024		8,182,000		8,156,431

1.38%, 1/31/2025		723,000		717,691

2.50%, 1/31/2025		450,000		461,039

2.00%, 2/15/2025		530,000		535,424

1.13%, 2/28/2025		1,153,000		1,135,615

0.50%, 3/31/2025		9,457,000		9,129,699

0.38%, 4/30/2025		497,000		477,198

0.25%, 5/31/2025		103,300		98,635

2.88%, 5/31/2025		6,580,000		6,825,208

0.25%, 6/30/2025		2,174,000		2,072,433

0.25%, 7/31/2025		1,665,000		1,585,262

0.25%, 8/31/2025		3,416,000		3,246,801

0.25%, 9/30/2025		6,725,000		6,384,022

0.25%, 10/31/2025		14,126,000		13,392,110

0.38%, 11/30/2025		1,690,000		1,607,481

0.38%, 12/31/2025		1,308,000		1,243,009

2.63%, 12/31/2025		3,319,000		3,430,238


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
U.S. Treasury Obligations — continued

0.38%, 1/31/2026		9,241,000		8,765,955

1.63%, 2/15/2026		516,000		513,743

0.50%, 2/28/2026		23,440,000		22,322,938

2.50%, 2/28/2026		136,000		139,974

2.13%, 5/31/2026		200,000		203,047

0.63%, 7/31/2026		3,261,000		3,105,848

1.50%, 8/15/2026		507,000		501,653

1.38%, 8/31/2026		398,000		391,564

1.63%, 10/31/2026		3,033,000		3,016,413

1.63%, 11/30/2026		133,000		132,262

1.75%, 12/31/2026		2,528,000		2,528,395

2.25%, 2/15/2027		1,300,000		1,330,773

1.13%, 2/28/2027		2,826,000		2,741,882

0.63%, 3/31/2027		4,006,000		3,787,548

0.50%, 4/30/2027		800		751

0.38%, 7/31/2027		9,452,000		8,774,853

2.25%, 8/15/2027		2,000,000		2,049,844

0.50%, 8/31/2027		42,000		39,201

0.50%, 10/31/2027		4,776,000		4,445,784

2.25%, 11/15/2027		400,000		409,781

0.63%, 11/30/2027		3,717,000		3,480,912

0.63%, 12/31/2027		1,227,000		1,147,820

0.75%, 1/31/2028		8,768,000		8,253,565

1.13%, 2/29/2028		2,001,000		1,925,806

1.25%, 4/30/2028		602,000		582,717

2.88%, 5/15/2028		400,000		424,844

1.00%, 7/31/2028		4,293,000		4,080,027

2.88%, 8/15/2028		800,000		851,375

1.13%, 8/31/2028		479,000		458,568

1.38%, 10/31/2028		1,078,000		1,047,513

1.50%, 11/30/2028		1,749,000		1,712,927

1.38%, 12/31/2028		3,564,000		3,462,092

1.63%, 8/15/2029		5,982,000		5,910,029

1.75%, 11/15/2029		13,045,000		13,010,349

1.50%, 2/15/2030		8,746,000		8,547,848

0.63%, 5/15/2030		9,368,000		8,520,489

0.63%, 8/15/2030		130,000		117,873

1.38%, 11/15/2031		369,000		353,894

1.88%, 2/15/2032		786,000		789,316


Total U.S. Treasury Obligations (Cost $417,958,073)				404,148,930


Mortgage-Backed Securities — 27.7%

FHLMC Gold Pools, 15 Year

Pool # G14541, 2.50%, 8/1/2022		1,641		1,663

Pool # J10548, 4.00%, 8/1/2024		18,310		18,988

Pool # J15449, 4.00%, 5/1/2026		85,233		88,631


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pool # G14781, 3.50%, 3/1/2027		48,157		49,782

Pool # G15201, 4.00%, 5/1/2027		16,513		17,125

Pool # J20129, 2.50%, 8/1/2027		79,927		81,116

Pool # G15438, 4.00%, 9/1/2027		14,027		14,551

Pool # G15602, 2.50%, 11/1/2027		60,049		60,851

Pool # E09028, 2.00%, 3/1/2028		93,295		93,103

Pool # J23362, 2.00%, 4/1/2028		89,889		89,704

Pool # G18466, 2.00%, 5/1/2028		13,112		13,085

Pool # G18465, 2.50%, 5/1/2028		25,131		25,508

Pool # G15601, 2.50%, 1/1/2029		57,496		58,264

Pool # G14957, 3.50%, 1/1/2029		117,447		122,134

Pool # G16570, 4.00%, 7/1/2029		12,251		12,705

Pool # G18540, 2.50%, 2/1/2030		32,282		32,767

Pool # G18556, 2.50%, 6/1/2030		41,214		41,835

Pool # V60840, 3.00%, 6/1/2030		11,069		11,435

Pool # G16622, 3.00%, 11/1/2030		41,045		42,391

Pool # G16019, 3.50%, 12/1/2030		19,264		19,922

Pool # G16044, 2.50%, 1/1/2032		112,068		113,738

Pool # J36524, 3.00%, 3/1/2032		121,988		125,978

Pool # J36660, 3.00%, 3/1/2032		57,776		59,333

Pool # J38270, 2.50%, 1/1/2033		325,425		330,328

Pool # G16568, 2.50%, 4/1/2033		141,183		143,069

FHLMC Gold Pools, 30 Year

Pool # V81680, 4.50%, 12/1/2034		84,159		91,428

Pool # A30892, 5.00%, 1/1/2035		59,939		65,668

Pool # A39210, 5.50%, 10/1/2035		28,181		31,264

Pool # V83754, 5.50%, 1/1/2036		40,491		45,221

Pool # A82255, 5.50%, 9/1/2036		114,284		124,085

Pool # G03381, 5.50%, 9/1/2037		24,581		27,166

Pool # A89760, 4.50%, 12/1/2039		23,248		25,265

Pool # A92197, 5.00%, 5/1/2040		68,651		76,283

Pool # G06856, 6.00%, 5/1/2040		4,759		5,439

Pool # A93359, 4.00%, 8/1/2040		3,729		3,900

Pool # G06222, 4.00%, 1/1/2041		221,001		237,058

Pool # G07794, 5.50%, 6/1/2041		11,885		13,288

Pool # Q03516, 4.50%, 9/1/2041		26,075		28,210

Pool # Q04088, 3.50%, 10/1/2041		23,630		24,825

Pool # Q04688, 4.00%, 11/1/2041		3,713		3,995

Pool # G08477, 3.50%, 2/1/2042		8,514		8,962

Pool # Q06771, 3.00%, 3/1/2042		39,930		41,152

Pool # C03858, 3.50%, 4/1/2042		110,927		116,745

Pool # Q08646, 3.50%, 6/1/2042		27,749		29,200

Pool # G60737, 4.50%, 8/1/2042		114,523		124,931

Pool # Q11220, 3.50%, 9/1/2042		93,541		98,464

Pool # Q13477, 3.00%, 12/1/2042		126,951		130,854

Pool # Q14321, 3.00%, 12/1/2042		31,761		32,747


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Mortgage-Backed Securities — continued

Pool # C04420, 3.00%, 1/1/2043		193,682		199,801

Pool # Q14694, 3.00%, 1/1/2043		1,462,712		1,508,182

Pool # G61723, 3.50%, 1/1/2043		78,332		82,544

Pool # C09031, 2.50%, 2/1/2043		101,584		101,416

Pool # V80026, 3.00%, 4/1/2043		55,987		57,716

Pool # Q17374, 4.00%, 4/1/2043		102,042		109,704

Pool # G62033, 4.00%, 11/1/2043		151,087		161,647

Pool # Z40090, 4.50%, 9/1/2044		35,369		38,400

Pool # G61769, 4.50%, 12/1/2044		77,585		84,281

Pool # G61617, 4.50%, 1/1/2045		25,836		28,355

Pool # G08651, 4.00%, 6/1/2045		113,402		121,242

Pool # G08653, 3.00%, 7/1/2045		52,246		53,678

Pool # Q35223, 4.00%, 8/1/2045		12,367		13,035

Pool # G60238, 3.50%, 10/1/2045		772,191		810,842

Pool # G60506, 3.50%, 4/1/2046		43,590		45,743

Pool # G08710, 3.00%, 6/1/2046		36,351		37,335

Pool # Q41024, 3.00%, 6/1/2046		586,377		601,949

Pool # G08724, 2.50%, 9/1/2046		13,003		12,934

Pool # G61070, 3.00%, 9/1/2046		492,828		507,826

Pool # G61730, 3.00%, 9/1/2046		141,369		145,685

Pool # G61235, 4.50%, 9/1/2046		27,460		29,717

Pool # G08736, 2.50%, 12/1/2046		13,630		13,557

Pool # Q45872, 3.00%, 1/1/2047		362,535		370,984

Pool # G08747, 3.00%, 2/1/2047		182,105		186,492

Pool # G61623, 3.00%, 4/1/2047		26,757		27,455

Pool # G60985, 3.00%, 5/1/2047		101,245		103,855

Pool # G60996, 3.50%, 5/1/2047		8,561		8,970

Pool # Q47884, 4.00%, 5/1/2047		26,598		28,207

Pool # V83233, 4.00%, 6/1/2047		113,648		120,462

Pool # G08775, 4.00%, 8/1/2047		38,436		40,355

Pool # Q50152, 4.00%, 8/1/2047		92,405		97,649

Pool # Q51268, 3.50%, 10/1/2047		53,716		55,782

Pool # G08787, 3.00%, 11/1/2047		323,608		329,314

Pool # G61681, 3.00%, 12/1/2047		7,445		7,594

Pool # Q52866, 3.00%, 12/1/2047		26,882		27,534

Pool # G08793, 4.00%, 12/1/2047		34,706		36,523

Pool # Q53751, 3.50%, 1/1/2048		97,152		100,693

Pool # G08812, 3.00%, 4/1/2048		11,669		11,892

Pool # G61866, 4.00%, 6/1/2048		27,023		28,885

Pool # G61607, 4.50%, 9/1/2048		124,661		134,461

Pool # G08842, 4.00%, 10/1/2048		14,986		15,664

Pool # G61885, 4.50%, 11/1/2048		31,886		33,855

Pool # G08862, 4.00%, 2/1/2049		24,622		25,759

Pool # Q61487, 4.00%, 2/1/2049		39,419		41,583

Pool # G08876, 3.50%, 5/1/2049		45,968		47,515


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


FHLMC UMBS, 15 Year

Pool # ZS5890, 4.00%, 7/1/2024		116,628		120,989

Pool # ZK2080, 4.00%, 1/1/2025		39,687		41,140

Pool # ZA2587, 4.00%, 9/1/2025		10,586		10,977

Pool # ZK2723, 3.50%, 11/1/2025		19,285		19,919

Pool # ZK3540, 3.00%, 9/1/2026		81,902		84,124

Pool # ZS8460, 3.00%, 4/1/2027		21,567		22,204

Pool # SB0031, 3.50%, 10/1/2027		35,915		37,086

Pool # ZS6674, 2.50%, 4/1/2028		433,485		439,878

Pool # ZS7140, 2.00%, 1/1/2029		235,782		235,176

Pool # ZS7751, 3.00%, 1/1/2029		133,630		137,835

Pool # SB0071, 2.50%, 5/1/2030		33,657		34,136

Pool # ZS7331, 3.00%, 12/1/2030		31,138		32,147

Pool # ZS7888, 2.50%, 10/1/2032		342,742		348,113

Pool # ZK9070, 3.00%, 11/1/2032		753,503		779,578

Pool # ZS7938, 2.50%, 1/1/2033		83,703		85,092

Pool # SB0256, 4.00%, 11/1/2033		102,405		106,148

Pool # SB0077, 3.50%, 10/1/2034		60,403		62,677

Pool # QN1148, 2.50%, 12/1/2034		80,864		82,192

Pool # SB8031, 2.50%, 2/1/2035		167,767		170,003

Pool # SB0302, 3.00%, 4/1/2035		616,983		642,158

Pool # QN2407, 2.00%, 6/1/2035		141,931		141,068

Pool # SB8500, 2.50%, 7/1/2035		432,658		439,107

Pool # SB0424, 2.00%, 10/1/2035		991,972		985,935

Pool # RC1712, 1.50%, 12/1/2035		1,293,144		1,262,016

Pool # SB8090, 2.50%, 2/1/2036		1,178,249		1,193,994

Pool # QN6095, 2.00%, 5/1/2036		175,703		174,634

Pool # QN6718, 2.00%, 6/1/2036		333,316		331,287

Pool # QN7057, 2.00%, 7/1/2036		191,084		189,921

Pool # SB8111, 2.00%, 7/1/2036		182,666		181,554

Pool # QN8347, 1.50%, 10/1/2036		393,360		383,272

Pool # SB8127, 1.50%, 11/1/2036		388,147		378,197

Pool # SB0570, 2.00%, 11/1/2036		386,226		383,876

Pool # SB8131, 1.50%, 12/1/2036		784,421		764,307

Pool # SB8136, 1.50%, 1/1/2037		493,533		480,725

Pool # SB8140, 1.50%, 2/1/2037		595,979		580,515

FHLMC UMBS, 20 Year

Pool # ZA2277, 3.00%, 9/1/2032		85,910		88,665

Pool # ZJ9491, 3.50%, 12/1/2032		20,986		21,885

Pool # ZS9164, 3.00%, 9/1/2033		513,041		529,483

Pool # SC0107, 3.50%, 11/1/2034		1,213,469		1,283,534

Pool # ZA2463, 3.50%, 6/1/2037		35,997		37,449

Pool # RB5026, 2.50%, 11/1/2039		42,385		42,512

Pool # QK0157, 2.50%, 1/1/2040		16,698		16,503

Pool # RB5032, 2.50%, 2/1/2040		34,514		34,637

Pool # RB5037, 2.50%, 3/1/2040		112,581		112,917


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Mortgage-Backed Securities — continued

Pool # RB5043, 2.50%, 4/1/2040		46,941		47,168

Pool # RB5048, 2.50%, 5/1/2040		98,466		98,942

Pool # SC0131, 1.50%, 3/1/2041		233,736		220,704

Pool # SC0134, 1.50%, 3/1/2041		230,263		217,424

Pool # RB5142, 2.50%, 1/1/2042		495,501		498,348

Pool # RB5145, 2.00%, 2/1/2042		992,624		966,918

FHLMC UMBS, 30 Year

Pool # ZI3765, 5.50%, 11/1/2035		41,122		45,823

Pool # ZS2546, 5.00%, 2/1/2039		21,271		23,688

Pool # ZJ0449, 4.00%, 9/1/2040		25,086		26,890

Pool # ZL3548, 3.50%, 8/1/2042		91,923		96,195

Pool # ZA4209, 3.00%, 4/1/2043		858,084		880,395

Pool # ZS3712, 3.50%, 4/1/2043		179,661		189,234

Pool # ZS4077, 3.50%, 1/1/2044		24,561		25,760

Pool # ZS4592, 4.00%, 11/1/2044		167,445		178,987

Pool # ZS4609, 3.00%, 4/1/2045		43,289		44,408

Pool # ZS9618, 3.50%, 3/1/2046		533,392		559,632

Pool # SD0146, 3.00%, 11/1/2046		144,706		148,380

Pool # ZM2209, 3.50%, 12/1/2046		331,848		346,557

Pool # SD0388, 3.50%, 6/1/2047		531,647		559,132

Pool # ZS4729, 3.00%, 8/1/2047		334,275		342,822

Pool # ZM4635, 4.00%, 11/1/2047		478,178		505,104

Pool # SD0225, 3.00%, 12/1/2047		665,131		681,795

Pool # ZT0534, 3.50%, 12/1/2047		347,184		362,840

Pool # ZS4750, 3.00%, 1/1/2048		27,055		27,570

Pool # SD0343, 3.00%, 3/1/2048		905,947		931,702

Pool # SI2002, 4.00%, 3/1/2048		603,576		633,824

Pool # ZM6887, 3.00%, 5/1/2048		52,441		53,134

Pool # ZM7669, 3.50%, 8/1/2048		84,063		87,541

Pool # ZN4476, 3.50%, 12/1/2048		317,219		328,616

Pool # ZA6286, 4.00%, 2/1/2049		150,674		158,238

Pool # ZT1776, 3.50%, 3/1/2049		28,162		29,091

Pool # ZN5087, 4.00%, 4/1/2049		138,022		145,999

Pool # ZT1864, 4.00%, 4/1/2049		3,960		4,139

Pool # ZT1951, 3.50%, 5/1/2049		9,166		9,469

Pool # ZT1952, 4.00%, 5/1/2049		62,910		65,742

Pool # QA4907, 3.00%, 6/1/2049		167,971		172,261

Pool # ZT2086, 3.50%, 6/1/2049		51,964		53,681

Pool # SD7502, 3.50%, 7/1/2049		147,291		152,854

Pool # SD8001, 3.50%, 7/1/2049		17,997		18,592

Pool # SD7501, 4.00%, 7/1/2049		91,487		97,121

Pool # QA1997, 3.00%, 8/1/2049		21,189		21,495

Pool # RA1202, 3.50%, 8/1/2049		483,759		502,004

Pool # SD8005, 3.50%, 8/1/2049		64,021		66,137

Pool # SD8006, 4.00%, 8/1/2049		42,155		44,052

Pool # SD8023, 2.50%, 11/1/2049		9,525		9,462


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pool # QA4509, 3.00%, 11/1/2049		494,804		502,118

Pool # SD8025, 3.50%, 11/1/2049		188,594		194,832

Pool # SD8029, 2.50%, 12/1/2049		178,541		177,362

Pool # RA1878, 3.50%, 12/1/2049		149,328		154,257

Pool # SD8037, 2.50%, 1/1/2050		471,449		468,335

Pool # QA7416, 3.00%, 2/1/2050		406,985		412,927

Pool # QA7554, 3.00%, 2/1/2050		1,888,954		1,928,150

Pool # RA2116, 3.00%, 2/1/2050		671,778		682,925

Pool # SD0303, 2.50%, 4/1/2050		815,206		809,956

Pool # QA9653, 3.50%, 5/1/2050		48,376		49,967

Pool # SD8080, 2.00%, 6/1/2050		68,480		65,903

Pool # QB1691, 2.00%, 7/1/2050		922,152		887,357

Pool # SD8089, 2.50%, 7/1/2050		1,886,179		1,869,780

Pool # SD8083, 2.50%, 8/1/2050		1,389,378		1,376,670

Pool # RA3727, 2.00%, 10/1/2050		2,268,935		2,183,361

Pool # SD8104, 1.50%, 11/1/2050		1,340,560		1,245,018

Pool # RA4197, 2.50%, 12/1/2050		609,479		602,546

Pool # RA4349, 2.50%, 1/1/2051		401,411		396,840

Pool # QB8583, 1.50%, 2/1/2051		1,311,273		1,217,722

Pool # RA4530, 2.50%, 2/1/2051		566,883		560,668

Pool # SD8129, 2.50%, 2/1/2051		768,306		761,270

Pool # SD8140, 2.00%, 4/1/2051		439,898		423,019

Pool # SD8142, 3.00%, 4/1/2051		1,259,016		1,273,078

Pool # SD8145, 1.50%, 5/1/2051		1,134,385		1,053,451

Pool # QC2565, 2.00%, 6/1/2051		1,893,235		1,819,771

Pool # QC3259, 2.00%, 6/1/2051		1,723,434		1,664,839

Pool # SD8158, 3.50%, 6/1/2051		373,801		385,187

Pool # SD8155, 2.00%, 7/1/2051		1,428,919		1,373,342

Pool # SD8156, 2.50%, 7/1/2051		694,031		686,178

Pool # QC5125, 2.00%, 8/1/2051		287,068		275,855

Pool # QC6057, 2.50%, 8/1/2051		287,745		284,464

Pool # SD8163, 3.50%, 8/1/2051		161,493		166,408

Pool # RA5832, 2.50%, 9/1/2051		812,560		803,387

Pool # SD8168, 3.00%, 9/1/2051		280,134		283,503

Pool # SD8172, 2.00%, 10/1/2051		879,843		845,248

Pool # SD8173, 2.50%, 10/1/2051		484,693		478,939

FNMA UMBS, 15 Year

Pool # AC8711, 4.00%, 12/1/2024		220,101		228,233

Pool # AC7007, 4.50%, 1/1/2025		16,328		16,914

Pool # AL9580, 4.00%, 3/1/2025		15,169		15,723

Pool # 932724, 4.00%, 4/1/2025		7,614		7,895

Pool # AE0971, 4.00%, 5/1/2025		29,706		30,791

Pool # AE0939, 3.50%, 2/1/2026		44,542		46,003

Pool # FM2968, 4.00%, 5/1/2026		13,128		13,631

Pool # AJ6632, 3.00%, 11/1/2026		54,971		56,532

Pool # AJ9357, 3.50%, 1/1/2027		110,629		114,354


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Mortgage-Backed Securities — continued

Pool # AK4047, 3.00%, 2/1/2027		21,287		21,909

Pool # AL4586, 4.00%, 2/1/2027		46,234		48,009

Pool # AO0527, 3.00%, 5/1/2027		29,542		30,409

Pool # AO4400, 2.50%, 7/1/2027		65,463		66,349

Pool # AB5823, 3.50%, 8/1/2027		103,079		107,054

Pool # AL8138, 4.00%, 9/1/2027		27,569		28,655

Pool # AB6811, 2.50%, 10/1/2027		15,868		16,098

Pool # AQ9442, 2.00%, 12/1/2027		33,506		33,420

Pool # AB8447, 2.50%, 2/1/2028		28,096		28,503

Pool # AR4180, 2.50%, 2/1/2028		13,155		13,345

Pool # AL3802, 3.00%, 2/1/2028		85,122		87,597

Pool # AB8787, 2.00%, 3/1/2028		90,510		90,276

Pool # AP6059, 2.00%, 6/1/2028		11,095		11,067

Pool # BM5381, 3.00%, 6/1/2028		91,722		94,370

Pool # BM1892, 2.50%, 9/1/2028		28,441		28,869

Pool # AS0761, 3.00%, 10/1/2028		34,003		35,010

Pool # AU6961, 3.00%, 10/1/2028		64,794		66,709

Pool # AL6132, 4.50%, 3/1/2029		9,947		10,321

Pool # FM1105, 2.50%, 6/1/2029		57,355		58,164

Pool # AS3345, 2.00%, 7/1/2029		14,971		14,912

Pool # MA2061, 3.00%, 10/1/2029		82,084		84,520

Pool # FM1465, 3.00%, 5/1/2030		149,151		153,971

Pool # 890666, 2.00%, 6/1/2030		33,206		33,121

Pool # MA2684, 3.00%, 7/1/2031		138,225		142,674

Pool # AL9418, 3.50%, 8/1/2031		49,673		51,913

Pool # BD5647, 2.00%, 11/1/2031		20,133		20,080

Pool # 890776, 3.50%, 11/1/2031		34,121		35,318

Pool # BM5490, 3.50%, 11/1/2031		23,366		24,241

Pool # AS8708, 2.50%, 2/1/2032		451,643		457,431

Pool # BM4993, 3.50%, 3/1/2032		53,335		55,342

Pool # BM4741, 3.00%, 4/1/2032		14,867		15,298

Pool # FM1645, 3.00%, 4/1/2032		178,484		184,273

Pool # MA3124, 2.50%, 9/1/2032		44,941		45,594

Pool # FM3099, 3.50%, 9/1/2032		63,504		65,590

Pool # CA0775, 2.50%, 11/1/2032		32,277		32,691

Pool # MA3188, 3.00%, 11/1/2032		24,070		24,842

Pool # BH7081, 2.50%, 12/1/2032		50,004		50,742

Pool # BH8720, 3.50%, 12/1/2032		41,904		43,545

Pool # FM1161, 2.50%, 1/1/2033		50,779		51,553

Pool # FM1691, 2.50%, 1/1/2033		19,884		20,166

Pool # FM2549, 2.50%, 1/1/2033		107,255		108,847

Pool # CA9078, 3.00%, 9/1/2033		700,072		722,153

Pool # FM1123, 4.00%, 9/1/2033		146,211		152,982

Pool # FM2153, 4.00%, 11/1/2033		212,065		219,881

Pool # BD9105, 4.00%, 1/1/2034		40,803		42,512


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pool # BM5306, 4.00%, 1/1/2034		6,373		6,664

Pool # FM1733, 3.50%, 5/1/2034		827,793		863,236

Pool # FM1842, 3.50%, 6/1/2034		191,454		198,548

Pool # FM6946, 3.00%, 7/1/2034		508,433		524,291

Pool # BO1822, 3.50%, 7/1/2034		83,528		86,677

Pool # MA3764, 2.50%, 9/1/2034		10,412		10,545

Pool # MA3910, 2.00%, 1/1/2035		31,146		30,957

Pool # FM3569, 3.00%, 1/1/2035		158,381		163,444

Pool # FM7941, 2.50%, 2/1/2035		446,551		452,274

Pool # FM8550, 3.00%, 2/1/2035		334,100		344,560

Pool # FM2708, 3.00%, 3/1/2035		85,697		88,386

Pool # MA4075, Class 177, 2.50%, 7/1/2035		471,288		477,595

Pool # FM4035, 2.50%, 8/1/2035		78,579		79,586

Pool # CA7497, 2.50%, 10/1/2035		1,468,826		1,491,254

Pool # FM5396, 2.00%, 12/1/2035		889,685		885,541

Pool # BR3349, 1.50%, 1/1/2036		1,601,085		1,560,069

Pool # BR1309, 2.00%, 1/1/2036		633,936		630,078

Pool # FM5537, 2.00%, 1/1/2036		672,098		668,008

Pool # FM5797, 2.00%, 1/1/2036		672,234		668,398

Pool # FM5367, 1.50%, 2/1/2036		494,734		482,140

Pool # MA4261, 2.00%, 2/1/2036		734,963		730,490

Pool # CB0305, 1.50%, 5/1/2036		1,013,011		987,042

Pool # FM7843, 1.50%, 6/1/2036		92,549		90,262

Pool # BP3507, 2.00%, 6/1/2036		183,439		182,323

Pool # FM8292, 2.00%, 7/1/2036		328,732		326,732

Pool # MA4430, 1.00%, 8/1/2036		190,077		180,062

Pool # BT0273, 1.50%, 9/1/2036		481,683		469,335

Pool # MA4417, 1.50%, 9/1/2036		381,221		371,338

Pool # MA4418, 2.00%, 9/1/2036		188,308		187,162

Pool # MA4441, 1.50%, 10/1/2036		529,756		516,016

Pool # BT9452, 1.50%, 11/1/2036		195,071		190,012

Pool # FM9247, 2.00%, 11/1/2036		372,372		370,106

Pool # MA4497, 2.00%, 12/1/2036		585,121		581,560

Pool # MA4516, 2.00%, 1/1/2037		591,465		587,866

FNMA UMBS, 20 Year

Pool # AE6799, 4.50%, 11/1/2030		2,786		2,950

Pool # MA0885, 3.50%, 10/1/2031		35,373		36,857

Pool # AB4853, 3.00%, 4/1/2032		34,382		35,476

Pool # MA1058, 3.00%, 5/1/2032		14,853		15,019

Pool # MA1165, 3.00%, 9/1/2032		83,269		85,712

Pool # MA2079, 4.00%, 11/1/2034		17,023		18,118

Pool # AL7654, 3.00%, 9/1/2035		70,357		71,821

Pool # MA2472, 3.00%, 12/1/2035		14,051		14,498

Pool # FM1133, 4.00%, 6/1/2036		35,143		37,317

Pool # MA3099, 4.00%, 8/1/2037		103,535		109,488


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Mortgage-Backed Securities — continued

Pool # BM5330, 2.50%, 12/1/2037		45,520		45,652

Pool # FM3204, 4.00%, 10/1/2038		40,284		43,156

Pool # MA4072, 2.50%, 7/1/2040		165,433		165,828

Pool # MA4128, 2.00%, 9/1/2040		1,503,113		1,464,778

Pool # MA4204, 2.00%, 12/1/2040		933,069		909,217

Pool # CA9019, 2.00%, 2/1/2041		426,943		420,226

Pool # MA4310, 1.50%, 4/1/2041		829,424		781,048

Pool # MA4422, 2.00%, 9/1/2041		434,834		423,687

Pool # MA4446, 2.00%, 10/1/2041		437,807		426,583

Pool # MA4521, 2.50%, 1/1/2042		594,233		597,648

FNMA UMBS, 30 Year

Pool # 254447, 6.00%, 9/1/2032		26,615		30,162

Pool # 711215, 5.50%, 6/1/2033		22,573		24,671

Pool # AA1005, 5.00%, 12/1/2033		15,327		17,064

Pool # 725232, 5.00%, 3/1/2034		12,267		13,638

Pool # 725228, 6.00%, 3/1/2034		64,089		71,923

Pool # 790003, 6.00%, 8/1/2034		16,980		18,990

Pool # 735503, 6.00%, 4/1/2035		44,954		49,987

Pool # 190360, 5.00%, 8/1/2035		32,877		36,581

Pool # 904601, 6.00%, 11/1/2036		42,435		48,460

Pool # 888538, 5.50%, 1/1/2037		24,299		27,216

Pool # AB0284, 6.00%, 2/1/2037		44,150		49,972

Pool # AL2627, 5.00%, 7/1/2037		22,270		24,758

Pool # 956965, 6.50%, 12/1/2037		18,164		19,968

Pool # BH7907, 6.50%, 12/1/2037		21,048		23,965

Pool # 961793, 5.00%, 3/1/2038		82,702		91,996

Pool # 985661, 5.50%, 6/1/2038		13,712		15,212

Pool # AU7519, 3.50%, 9/1/2038		32,932		33,966

Pool # AA7402, 4.50%, 6/1/2039		131,548		142,885

Pool # AC2638, 5.00%, 10/1/2039		181,679		203,514

Pool # AL0100, 6.00%, 10/1/2039		62,454		70,456

Pool # AC4886, 5.00%, 11/1/2039		30,272		33,440

Pool # 190399, 5.50%, 11/1/2039		96,739		108,996

Pool # AB1143, 4.50%, 6/1/2040		104,580		114,781

Pool # AD6938, 4.50%, 6/1/2040		132,671		144,109

Pool # AD5479, 5.00%, 6/1/2040		29,820		32,989

Pool # AB1259, 5.00%, 7/1/2040		36,456		40,462

Pool # AB1292, 5.00%, 8/1/2040		14,466		15,782

Pool # AL5437, 5.00%, 8/1/2040		111,104		123,421

Pool # AB1421, 5.00%, 9/1/2040		51,295		57,465

Pool # AE4142, 5.00%, 9/1/2040		32,780		36,171

Pool # AE3857, 5.00%, 10/1/2040		777,709		854,964

Pool # AE8289, 4.00%, 12/1/2040		107,905		115,535

Pool # MA0622, 3.50%, 1/1/2041		34,971		36,775

Pool # AH2312, 5.00%, 1/1/2041		72,297		79,053

Pool # AE0828, 3.50%, 2/1/2041		20,443		21,492


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pool # AH3804, 4.00%, 2/1/2041		23,213		24,887

Pool # MA0639, 4.00%, 2/1/2041		37,051		39,623

Pool # AB2676, 3.50%, 4/1/2041		116,660		122,703

Pool # AL0241, 4.00%, 4/1/2041		69,909		74,951

Pool # AI1887, 4.50%, 5/1/2041		261,553		283,232

Pool # BM3118, 6.00%, 7/1/2041		94,662		108,174

Pool # AJ2293, 4.00%, 9/1/2041		28,171		30,170

Pool # AL0933, 5.00%, 10/1/2041		96,304		107,218

Pool # AW8154, 3.50%, 1/1/2042		23,462		24,681

Pool # AX5318, 4.50%, 1/1/2042		78,040		84,753

Pool # BD4480, 4.50%, 1/1/2042		370,167		402,333

Pool # AL1998, 4.00%, 3/1/2042		115,100		123,368

Pool # AO4134, 3.50%, 6/1/2042		14,644		15,375

Pool # AO8694, 4.50%, 7/1/2042		36,829		39,325

Pool # AP4258, 3.00%, 8/1/2042		93,505		96,376

Pool # AB6632, 3.50%, 10/1/2042		135,691		142,741

Pool # AB6633, 3.50%, 10/1/2042		26,649		28,035

Pool # AL3344, 4.50%, 10/1/2042		159,373		173,378

Pool # AB6828, 3.50%, 11/1/2042		130,075		136,809

Pool # AL3182, 3.50%, 12/1/2042		22,454		23,650

Pool # AQ9316, 2.50%, 1/1/2043		61,665		61,463

Pool # AB7580, 3.00%, 1/1/2043		144,334		149,190

Pool # AQ1104, 3.00%, 1/1/2043		29,565		30,230

Pool # AR0168, 3.00%, 2/1/2043		54,220		55,773

Pool # AB7964, 3.50%, 2/1/2043		82,544		86,943

Pool # AR2271, 3.50%, 2/1/2043		398,230		416,085

Pool # BM4751, 3.50%, 3/1/2043		36,665		38,571

Pool # AB8742, 4.00%, 3/1/2043		17,209		18,490

Pool # AR6770, 4.00%, 3/1/2043		18,492		19,826

Pool # AT2015, 3.00%, 4/1/2043		38,279		39,363

Pool # AT2016, 3.00%, 4/1/2043		581,066		599,421

Pool # AB9194, 3.50%, 5/1/2043		137,826		144,998

Pool # FM4462, 3.50%, 5/1/2043		984,509		1,030,399

Pool # AU1629, 3.00%, 7/1/2043		89,532		92,316

Pool # BM3785, 3.50%, 7/1/2043		147,466		155,100

Pool # AS0241, 4.00%, 8/1/2043		814,163		863,806

Pool # BM3704, 3.00%, 9/1/2043		39,542		40,722

Pool # AT2612, 3.50%, 9/1/2043		83,321		87,359

Pool # AU4256, 3.50%, 9/1/2043		45,166		47,155

Pool # AU4283, 3.50%, 9/1/2043		21,815		22,904

Pool # AL4062, 4.00%, 9/1/2043		33,309		35,708

Pool # BM4635, 2.50%, 10/1/2043		175,810		175,410

Pool # AS1121, 4.00%, 11/1/2043		34,710		37,100

Pool # AV0022, 4.00%, 11/1/2043		528,749		566,666

Pool # AL7696, 3.00%, 12/1/2043		64,025		65,946

Pool # AV6103, 4.00%, 1/1/2044		207,520		222,548


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Mortgage-Backed Securities — continued

Pool # BC1737, 4.00%, 1/1/2044		88,694		94,809

Pool # BM5365, 4.00%, 3/1/2044		77,557		83,067

Pool # FM1744, 3.50%, 5/1/2044		37,135		39,103

Pool # AS2700, 4.00%, 6/1/2044		47,060		50,445

Pool # AW6233, 4.50%, 6/1/2044		1,842,648		1,995,883

Pool # AS2947, 4.00%, 7/1/2044		46,076		49,388

Pool # AL9072, 5.00%, 7/1/2044		84,091		93,708

Pool # AL9569, 5.00%, 8/1/2044		130,004		145,177

Pool # AX0152, 4.50%, 9/1/2044		31,083		33,684

Pool # BM4620, 3.00%, 10/1/2044		101,951		105,475

Pool # AS3867, 4.00%, 11/1/2044		12,064		12,931

Pool # FM1746, 3.50%, 1/1/2045		113,282		119,146

Pool # FM0015, 4.00%, 2/1/2045		112,992		121,118

Pool # MA2193, 4.50%, 2/1/2045		20,056		21,633

Pool # FM3414, 4.00%, 3/1/2045		742,976		790,431

Pool # BM3398, 3.50%, 4/1/2045		16,283		17,123

Pool # CA2709, 4.00%, 9/1/2045		1,351,976		1,448,878

Pool # AS5851, 4.50%, 9/1/2045		14,408		15,468

Pool # AS6184, 3.50%, 11/1/2045		152,784		160,407

Pool # BA0315, 3.50%, 11/1/2045		440,951		460,935

Pool # FM1869, 4.00%, 11/1/2045		76,077		80,095

Pool # BM4833, 3.00%, 12/1/2045		636,048		652,195

Pool # FM1708, 3.00%, 12/1/2045		45,528		46,920

Pool # BC0066, 3.50%, 12/1/2045		34,632		36,267

Pool # FM3413, 4.00%, 1/1/2046		94,301		101,424

Pool # FM2323, 4.00%, 2/1/2046		45,997		49,259

Pool # AL9128, 4.50%, 2/1/2046		23,648		25,583

Pool # AS6811, 3.00%, 3/1/2046		34,355		35,240

Pool # BM4834, 3.00%, 3/1/2046		33,101		34,100

Pool # FM1782, 4.00%, 3/1/2046		14,452		15,533

Pool # FM2195, 4.00%, 3/1/2046		34,282		36,620

Pool # AS7003, 3.00%, 4/1/2046		45,959		47,112

Pool # AS7198, 4.50%, 5/1/2046		124,795		134,578

Pool # BD0166, 2.50%, 6/1/2046		135,449		134,646

Pool # BM5168, 2.50%, 6/1/2046		27,667		27,604

Pool # BC6105, 3.50%, 6/1/2046		1,101,533		1,154,259

Pool # FM1780, 4.00%, 7/1/2046		781,094		836,939

Pool # AS7660, 2.50%, 8/1/2046		260,726		259,177

Pool # MA2730, 2.50%, 8/1/2046		37,160		36,758

Pool # FM3810, 3.00%, 10/1/2046		121,317		124,709

Pool # AL9385, 3.00%, 11/1/2046		57,982		59,418

Pool # MA2806, 3.00%, 11/1/2046		177,644		181,387

Pool # BM3288, 3.50%, 12/1/2046		25,381		26,619

Pool # BM4990, 2.50%, 1/1/2047		13,342		13,312

Pool # FM2807, 3.00%, 1/1/2047		93,509		95,915

Pool # 890856, 3.50%, 1/1/2047		146,369		153,489


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pool # FM3374, 3.50%, 1/1/2047		180,245		189,518

Pool # FM0041, 3.00%, 2/1/2047		684,126		700,805

Pool # BM5955, 4.00%, 2/1/2047		44,096		47,233

Pool # BM5270, 4.50%, 2/1/2047		19,395		21,041

Pool # BM4350, 3.00%, 3/1/2047		910,720		934,025

Pool # MA2920, 3.00%, 3/1/2047		8,838		9,051

Pool # FM3107, 3.50%, 3/1/2047		303,028		316,726

Pool # AS9313, 4.00%, 3/1/2047		19,820		21,041

Pool # FM4735, 3.00%, 4/1/2047		176,244		180,606

Pool # FM6073, 4.00%, 4/1/2047		1,423,569		1,505,359

Pool # AS9480, 4.50%, 4/1/2047		36,375		38,979

Pool # FM1772, 4.50%, 5/1/2047		19,087		20,688

Pool # BD0667, 4.50%, 6/1/2047		491,204		522,976

Pool # AS9937, 3.00%, 7/1/2047		672,387		688,712

Pool # AS9946, 3.50%, 7/1/2047		48,208		50,217

Pool # BM1568, 3.50%, 7/1/2047		80,282		84,573

Pool # BH7375, 3.50%, 8/1/2047		54,160		56,354

Pool # CA0148, 4.50%, 8/1/2047		17,146		18,192

Pool # CA0850, 3.00%, 9/1/2047		40,963		41,827

Pool # MA3147, 3.00%, 10/1/2047		45,229		46,152

Pool # BM2003, 4.00%, 10/1/2047		193,342		203,853

Pool # BH9392, 3.50%, 11/1/2047		16,594		17,189

Pool # CA0681, 3.50%, 11/1/2047		264,135		277,480

Pool # FM0028, 3.00%, 12/1/2047		54,690		56,145

Pool # MA3209, 3.00%, 12/1/2047		317,649		323,315

Pool # FM1420, 3.50%, 12/1/2047		247,418		259,446

Pool # CA4015, 3.00%, 1/1/2048		10,614		10,835

Pool # BJ6154, 3.50%, 1/1/2048		204,630		212,000

Pool # MA3238, 3.50%, 1/1/2048		57,907		59,935

Pool # BJ5910, 3.50%, 2/1/2048		222,505		234,667

Pool # MA3305, 3.50%, 3/1/2048		245,629		254,572

Pool # FM3494, 2.50%, 4/1/2048		12,674		12,599

Pool # CA2687, 3.00%, 5/1/2048		24,805		25,419

Pool # BM4054, 4.00%, 5/1/2048		112,672		119,255

Pool # MA3425, 3.00%, 6/1/2048		39,209		39,821

Pool # BM4757, 3.50%, 7/1/2048		46,005		48,191

Pool # FM3438, 3.00%, 8/1/2048		769,314		788,048

Pool # BM2007, 4.00%, 9/1/2048		5,469		5,725

Pool # CA2368, 4.00%, 9/1/2048		34,762		36,611

Pool # MA3472, 5.00%, 9/1/2048		12,841		13,900

Pool # CA4655, 3.50%, 10/1/2048		105,932		110,560

Pool # MA3495, 4.00%, 10/1/2048		36,234		37,888

Pool # CA2432, 4.50%, 10/1/2048		63,004		67,508

Pool # FM7895, 3.50%, 11/1/2048		316,053		331,351

Pool # FM1248, 4.50%, 11/1/2048		22,844		24,267

Pool # CA2797, 4.50%, 12/1/2048		748,839		809,638


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Mortgage-Backed Securities — continued

Pool # FM0030, 3.00%, 2/1/2049		57,607		59,003

Pool # FM6237, 3.50%, 4/1/2049		667,587		702,113

Pool # MA3637, 3.50%, 4/1/2049		22,210		22,947

Pool # MA3638, 4.00%, 4/1/2049		21,327		22,291

Pool # BN5418, 4.50%, 4/1/2049		24,720		26,502

Pool # MA3664, 4.00%, 5/1/2049		10,958		11,448

Pool # FM4074, 4.50%, 5/1/2049		354,796		379,891

Pool # CA4358, 3.50%, 7/1/2049		18,866		19,498

Pool # FM1672, 4.50%, 7/1/2049		935,899		1,016,379

Pool # MA3745, 3.50%, 8/1/2049		102,502		105,598

Pool # MA3746, 4.00%, 8/1/2049		16,356		17,080

Pool # FM1385, 5.00%, 8/1/2049		468,002		521,466

Pool # BO4012, 3.00%, 9/1/2049		118,532		120,450

Pool # FM1449, 3.50%, 9/1/2049		165,771		171,277

Pool # FM4430, 3.50%, 9/1/2049		661,214		683,750

Pool # FM3572, 4.50%, 9/1/2049		97,507		104,496

Pool # MA3803, 3.50%, 10/1/2049		50,093		51,683

Pool # MA3833, 2.50%, 11/1/2049		142,949		142,098

Pool # BK0350, 3.00%, 11/1/2049		1,203,091		1,224,435

Pool # MA3870, 2.50%, 12/1/2049		220,463		219,013

Pool # FM2363, 3.00%, 1/1/2050		2,258,632		2,306,019

Pool # MA3905, 3.00%, 1/1/2050		1,021,839		1,033,143

Pool # CA5021, 3.50%, 1/1/2050		48,534		50,126

Pool # FM5922, 3.50%, 1/1/2050		419,630		435,225

Pool # MA3906, 3.50%, 1/1/2050		47,349		48,914

Pool # CA5135, 2.50%, 2/1/2050		152,167		151,254

Pool # MA3936, 2.50%, 2/1/2050		164,037		162,959

Pool # FM2733, 2.50%, 3/1/2050		114,946		114,212

Pool # FM4883, 2.50%, 3/1/2050		2,120,750		2,108,078

Pool # FM4372, 3.50%, 3/1/2050		696,941		721,358

Pool # BP2403, 3.50%, 4/1/2050		348,773		359,536

Pool # BP5001, 2.50%, 5/1/2050		664,644		658,495

Pool # FM3257, 3.00%, 5/1/2050		288,291		295,134

Pool # BK2753, 2.50%, 7/1/2050		1,052,281		1,043,147

Pool # MA4078, 2.50%, 7/1/2050		397,528		393,694

Pool # BP6626, 2.00%, 8/1/2050		2,559,191		2,462,640

Pool # MA4100, 2.00%, 8/1/2050		1,209,705		1,164,381

Pool # BP9500, 2.50%, 8/1/2050		101,977		100,969

Pool # BQ0723, 3.50%, 8/1/2050		1,313,923		1,356,477

Pool # FM5750, 4.00%, 8/1/2050		443,543		462,983

Pool # MA4119, 2.00%, 9/1/2050		163,009		156,898

Pool # BK3044, 2.50%, 9/1/2050		857,520		848,912

Pool # BP6702, 2.50%, 9/1/2050		644,456		638,364

Pool # FM8260, 4.00%, 9/1/2050		653,056		692,415

Pool # MA4158, 2.00%, 10/1/2050		1,897,136		1,825,931

Pool # MA4159, 2.50%, 10/1/2050		652,755		646,005


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pool # MA4182, 2.00%, 11/1/2050		1,988,763		1,914,039

Pool # CA7603, 2.50%, 11/1/2050		364,505		360,293

Pool # MA4183, 2.50%, 11/1/2050		2,941,000		2,910,494

Pool # CA8222, 1.50%, 12/1/2050		1,594,797		1,481,382

Pool # MA4209, 1.50%, 12/1/2050		1,386,623		1,288,199

Pool # BQ5160, 2.00%, 12/1/2050		2,900,517		2,800,371

Pool # FM5849, 2.00%, 12/1/2050		955,867		919,830

Pool # MA4208, 2.00%, 12/1/2050		512,182		492,915

Pool # BR2807, 2.50%, 12/1/2050		1,418,769		1,410,254

Pool # MA4210, 2.50%, 12/1/2050		1,641,630		1,624,315

Pool # FM5597, 2.00%, 1/1/2051		236,036		227,107

Pool # FM6241, 2.00%, 1/1/2051		4,174,911		4,015,445

Pool # FM5854, 2.50%, 1/1/2051		216,725		214,360

Pool # MA4254, 1.50%, 2/1/2051		369,434		343,177

Pool # CA9190, 2.00%, 2/1/2051		929,184		893,790

Pool # FM6037, 2.00%, 2/1/2051		1,931,938		1,866,150

Pool # FM6126, 2.00%, 2/1/2051		234,685		225,796

Pool # MA4255, 2.00%, 2/1/2051		5,144,614		4,949,233

Pool # BR3515, 2.50%, 2/1/2051		191,363		189,136

Pool # FM6244, 2.00%, 3/1/2051		945,190		909,399

Pool # MA4281, 2.00%, 3/1/2051		282,858		272,111

Pool # FM6523, 2.50%, 3/1/2051		342,482		338,496

Pool # FM6764, 2.50%, 3/1/2051		945,978		935,606

Pool # FM6537, 2.00%, 4/1/2051		4,192,057		4,037,081

Pool # MA4306, 2.50%, 4/1/2051		279,575		276,399

Pool # FM7099, 3.00%, 4/1/2051		1,355,368		1,384,818

Pool # MA4325, 2.00%, 5/1/2051		2,523,740		2,423,957

Pool # FM7066, 2.50%, 5/1/2051		953,756		951,320

Pool # MA4355, 2.00%, 6/1/2051		471,675		453,418

Pool # CB0727, 2.50%, 6/1/2051		1,588,642		1,570,646

Pool # FM7418, 2.50%, 6/1/2051		995,999		984,723

Pool # FM8194, 2.00%, 7/1/2051		388,521		373,597

Pool # MA4378, 2.00%, 7/1/2051		2,286,373		2,197,551

Pool # CB1027, 2.50%, 7/1/2051		288,506		285,192

Pool # MA4379, 2.50%, 7/1/2051		694,533		686,057

Pool # MA4380, 3.00%, 7/1/2051		261,757		264,921

Pool # FM8278, 3.50%, 7/1/2051		503,387		518,966

Pool # BT9030, 2.00%, 8/1/2051		193,397		185,792

Pool # MA4398, 2.00%, 8/1/2051		288,574		277,315

Pool # BR2236, 2.50%, 8/1/2051		289,826		286,486

Pool # BR2237, 2.50%, 8/1/2051		569,064		562,464

Pool # BR2258, 2.50%, 8/1/2051		188,176		185,993

Pool # CB1276, 2.50%, 8/1/2051		818,783		809,380

Pool # MA4399, 2.50%, 8/1/2051		1,598,631		1,580,089

Pool # MA4401, 3.50%, 8/1/2051		165,533		170,635

Pool # BT0240, 2.00%, 9/1/2051		195,274		187,589


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Mortgage-Backed Securities — continued

Pool # MA4413, 2.00%, 9/1/2051		828,341		795,906

Pool # MA4414, 2.50%, 9/1/2051		574,190		567,537

Pool # MA4437, 2.00%, 10/1/2051		831,904		799,217

Pool # MA4438, 2.50%, 10/1/2051		580,845		574,296

Pool # MA4464, 1.50%, 11/1/2051		592,443		550,229

Pool # MA4465, 2.00%, 11/1/2051		1,379,046		1,324,393

Pool # MA4492, 2.00%, 12/1/2051		1,188,313		1,141,680

Pool # FM9868, 2.50%, 12/1/2051		595,408		589,523

Pool # FM9870, 2.50%, 12/1/2051		597,474		590,283

Pool # MA4493, 2.50%, 12/1/2051		986,202		974,165

Pool # MA4511, 2.00%, 1/1/2052		897,718		862,144

Pool # MA4512, 2.50%, 1/1/2052		500,000		493,897

Pool # MA4547, 2.00%, 2/1/2052		498,672		478,936

Pool # MA4548, 2.50%, 2/1/2052		498,135		492,060

FNMA/FHLMC UMBS, Single Family, 30 Year

TBA, 2.00%, 3/25/2052 (a)		4,300,000		4,124,641

TBA, 2.50%, 3/25/2052 (a)		8,900,000		8,780,754

TBA, 3.00%, 3/25/2052 (a)		5,400,000		5,454,000

TBA, 3.50%, 3/25/2052 (a)		600,000		617,906

GNMA I, 30 Year

Pool # 704155, 5.50%, 1/15/2039		19,244		21,702

Pool # 726769, 5.00%, 9/15/2039		14,029		15,544

Pool # 721340, 5.00%, 12/15/2039		48,755		54,043

Pool # 754439, 3.50%, 12/15/2041		120,642		127,488

Pool # 711674, 3.00%, 9/15/2042		48,831		50,457

Pool # 783748, 3.50%, 4/15/2043		70,985		75,091

Pool # 784660, 4.00%, 4/15/2043		6,639		7,135

Pool # AC2224, 3.50%, 6/15/2043		50,064		52,789

Pool # 785088, 3.50%, 7/15/2043		65,952		70,240

Pool # AJ4151, 4.00%, 9/15/2044		246,402		260,323

Pool # AL9314, 3.00%, 3/15/2045		46,073		47,374

Pool # 784664, 4.00%, 4/15/2045		25,413		27,555

Pool # AO0544, 3.00%, 8/15/2045		27,856		28,531

Pool # 627030, 3.00%, 12/15/2045		22,732		23,488

Pool # 784429, 3.00%, 8/15/2046		92,011		94,747

Pool # 784652, 4.00%, 11/15/2047		544,707		592,881

Pool # 784766, 3.50%, 3/15/2048		742,860		780,563

GNMA II, 15 Year

Pool # MA0513, 2.50%, 11/20/2027		75,333		76,211

Pool # MA4625, 3.50%, 8/20/2032		27,280		28,295

Pool # MA6906, 2.50%, 10/20/2035		457,328		466,285

GNMA II, 30 Year

Pool # 711773, 3.50%, 6/20/2033		61,510		63,546

Pool # 3459, 5.50%, 10/20/2033		55,035		61,258

Pool # AQ5932, 3.50%, 1/20/2036		85,734		88,554

Pool # 4222, 6.00%, 8/20/2038		10,438		11,949


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pool # 709148, 4.50%, 2/20/2039		29,634		31,104

Pool # 4446, 4.50%, 5/20/2039		3,211		3,493

Pool # 4467, 4.00%, 6/20/2039		14,519		15,536

Pool # 4468, 4.50%, 6/20/2039		2,816		3,064

Pool # 4494, 4.00%, 7/20/2039		15,500		16,584

Pool # 4495, 4.50%, 7/20/2039		12,227		13,304

Pool # 4519, 4.50%, 8/20/2039		4,541		4,940

Pool # 4558, 4.50%, 10/20/2039		3,795		4,129

Pool # 4576, 4.00%, 11/20/2039		7,177		7,678

Pool # 4598, 4.50%, 12/20/2039		7,456		8,112

Pool # 4617, 4.50%, 1/20/2040		4,020		4,374

Pool # 4636, 4.50%, 2/20/2040		5,806		6,317

Pool # 4656, 4.00%, 3/20/2040		11,449		12,249

Pool # 4677, 4.00%, 4/20/2040		31,259		33,445

Pool # 4678, 4.50%, 4/20/2040		1,399		1,522

Pool # 4695, 4.00%, 5/20/2040		3,486		3,730

Pool # 4696, 4.50%, 5/20/2040		1,400		1,524

Pool # 4712, 4.00%, 6/20/2040		5,151		5,512

Pool # 4800, 4.00%, 9/20/2040		5,560		5,949

Pool # 737727, 4.00%, 12/20/2040		47,825		51,323

Pool # 4945, 4.00%, 2/20/2041		12,137		12,986

Pool # 759342, 4.50%, 2/20/2041		246,434		264,634

Pool # 4950, 5.50%, 2/20/2041		22,018		25,051

Pool # 4976, 3.50%, 3/20/2041		13,515		14,282

Pool # 4977, 4.00%, 3/20/2041		22,145		23,694

Pool # 5016, 4.00%, 4/20/2041		8,667		9,274

Pool # 5054, 4.00%, 5/20/2041		13,626		14,580

Pool # 5114, 4.00%, 7/20/2041		1,762		1,885

Pool # 779497, 3.50%, 10/20/2041		10,285		10,730

Pool # 5233, 4.00%, 11/20/2041		2,147		2,297

Pool # 5258, 3.50%, 12/20/2041		128,900		136,979

Pool # 5259, 4.00%, 12/20/2041		8,149		8,719

Pool # 5279, 3.50%, 1/20/2042		24,022		25,529

Pool # 5330, 3.00%, 3/20/2042		15,338		15,822

Pool # 754406, 3.50%, 5/20/2042		59,411		62,657

Pool # MA0220, 3.50%, 7/20/2042		10,156		10,691

Pool # MA0318, 3.50%, 8/20/2042		142,402		149,537

Pool # 796468, 4.00%, 9/20/2042		21,911		23,234

Pool # AA6040, 3.00%, 1/20/2043		114,789		118,022

Pool # AD1584, 3.00%, 1/20/2043		139,833		144,378

Pool # AD2125, 3.50%, 1/20/2043		97,213		103,255

Pool # AA6054, 3.00%, 2/20/2043		214,446		223,114

Pool # AD1744, 3.00%, 2/20/2043		18,125		18,858

Pool # 783755, 3.00%, 4/20/2043		141,555		146,070

Pool # 783976, 3.50%, 4/20/2043		23,610		24,778

Pool # MA1012, 3.50%, 5/20/2043		120,872		128,368


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Mortgage-Backed Securities — continued

Pool # MA1157, 3.50%, 7/20/2043		24,027		25,534

Pool # MA1284, 3.00%, 9/20/2043		18,944		19,542

Pool # 785065, 3.50%, 10/20/2043		266,467		280,538

Pool # MA1376, 4.00%, 10/20/2043		115,323		123,397

Pool # AI7106, 4.00%, 6/20/2044		50,385		52,630

Pool # 784026, 3.50%, 12/20/2044		200,190		219,916

Pool # MA2678, 3.50%, 3/20/2045		154,610		162,265

Pool # MA2679, 4.00%, 3/20/2045		52,755		56,442

Pool # MA2753, 3.00%, 4/20/2045		78,485		80,580

Pool # 626942, 3.00%, 5/20/2045		163,770		169,400

Pool # MA2825, 3.00%, 5/20/2045		198,811		205,094

Pool # MA2829, 5.00%, 5/20/2045		28,736		32,099

Pool # 784800, 3.00%, 6/20/2045		39,405		40,687

Pool # AM9881, 3.00%, 6/20/2045		21,987		22,561

Pool # MA3247, 5.00%, 11/20/2045		26,138		29,276

Pool # AO9442, 3.50%, 12/20/2045		22,515		23,677

Pool # 784119, 3.00%, 2/20/2046		171,306		176,263

Pool # MA3458, 5.50%, 2/20/2046		37,522		42,130

Pool # MA3520, 3.00%, 3/20/2046		467,183		479,632

Pool # MA3735, 3.00%, 6/20/2046		320,487		329,037

Pool # AT7138, 3.50%, 6/20/2046		324,224		339,668

Pool # MA3935, 2.50%, 9/20/2046		82,332		82,844

Pool # 784768, 3.00%, 9/20/2046		88,963		92,830

Pool # AT8215, 3.00%, 9/20/2046		25,511		26,388

Pool # MA4002, 2.50%, 10/20/2046		456,124		457,580

Pool # AW0199, 3.00%, 10/20/2046		51,301		52,391

Pool # MA4068, 3.00%, 11/20/2046		13,549		13,886

Pool # MA4072, 5.00%, 11/20/2046		28,487		31,968

Pool # MA4125, 2.50%, 12/20/2046		418,495		421,101

Pool # MA4126, 3.00%, 12/20/2046		63,329		64,983

Pool # MA4260, 2.50%, 2/20/2047		72,795		73,114

Pool # AZ3119, 3.50%, 3/20/2047		41,657		43,308

Pool # AZ7084, 3.50%, 4/20/2047		108,197		111,775

Pool # MA4511, 4.00%, 6/20/2047		205,662		216,344

Pool # BA5041, 5.00%, 6/20/2047		97,834		104,694

Pool # MA4584, 2.50%, 7/20/2047		92,150		92,453

Pool # MA4718, 3.00%, 9/20/2047		8,815		9,045

Pool # MA4721, 4.50%, 9/20/2047		39,621		42,370

Pool # MA4836, 3.00%, 11/20/2047		425,989		437,352

Pool # BC2742, 3.50%, 11/20/2047		656,034		683,777

Pool # BD6940, 3.50%, 12/20/2047		235		244

Pool # MA4900, 3.50%, 12/20/2047		106,060		110,598

Pool # MA5019, 3.50%, 2/20/2048		278,242		289,886

Pool # MA5077, 3.50%, 3/20/2048		41,416		43,259

Pool # MA5138, 4.50%, 4/20/2048		17,298		18,288

Pool # 785033, 3.50%, 5/20/2048		253,332		273,984


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pool # MA5194, 5.00%, 5/20/2048		108,275		115,505

Pool # MA5329, 3.50%, 7/20/2048		9,976		10,386

Pool # MA5468, 5.00%, 9/20/2048		8,676		9,221

Pool # MA5527, 3.50%, 10/20/2048		37,188		38,637

Pool # MA5595, 4.00%, 11/20/2048		46,009		48,176

Pool # BJ6759, 4.50%, 11/20/2048		418,319		439,662

Pool # MA5650, 3.50%, 12/20/2048		15,075		15,684

Pool # MA5651, 4.00%, 12/20/2048		220,601		231,709

Pool # MA5709, 3.50%, 1/20/2049		104,423		108,776

Pool # BI6473, 4.00%, 1/20/2049		1,230,393		1,306,854

Pool # BJ9901, 3.00%, 2/20/2049		57,432		59,414

Pool # MA5930, 3.50%, 5/20/2049		13,690		14,154

Pool # MA5983, 2.50%, 6/20/2049		149,032		149,962

Pool # MA5985, 3.50%, 6/20/2049		55,194		57,063

Pool # MA5987, 4.50%, 6/20/2049		50,626		53,301

Pool # MA5988, 5.00%, 6/20/2049		9,910		10,519

Pool # MA6039, 3.50%, 7/20/2049		93,057		96,210

Pool # BM5450, 4.50%, 7/20/2049		74,657		79,271

Pool # MA6220, 4.00%, 10/20/2049		248,658		259,502

Pool # BR4627, 3.00%, 11/20/2049		520,412		540,194

Pool # 785067, 3.50%, 12/20/2049		475,653		493,163

Pool # MA6478, 5.00%, 2/20/2050		33,192		35,579

Pool # MA6542, 3.50%, 3/20/2050		311,729		322,202

Pool # MA6545, 5.00%, 3/20/2050		38,057		40,588

Pool # BV1348, 2.50%, 6/20/2050		106,668		104,852

Pool # MA6709, 2.50%, 6/20/2050		846,574		848,388

Pool # MA6818, 2.00%, 8/20/2050		1,524,614		1,497,080

Pool # BY8818, 2.00%, 10/20/2050		600,880		588,356

Pool # 785401, 2.50%, 10/20/2050		837,609		841,850

Pool # MA6994, 2.00%, 11/20/2050		1,669,914		1,639,605

Pool # BY8832, 2.50%, 11/20/2050		530,007		530,389

Pool # MA7051, 2.00%, 12/20/2050		2,580,400		2,533,446

Pool # CA4485, 2.50%, 12/20/2050		692,542		692,430

Pool # MA7052, 2.50%, 12/20/2050		1,084,225		1,085,602

Pool # MA7055, 4.00%, 12/20/2050		306,981		319,621

Pool # MA7135, 2.00%, 1/20/2051		2,949,199		2,894,291

Pool # MA7254, 2.00%, 3/20/2051		1,276,608		1,251,344

Pool # MA7311, 2.00%, 4/20/2051		3,013,270		2,956,348

Pool # 785449, 3.00%, 4/20/2051		341,510		352,483

Pool # MA7367, 2.50%, 5/20/2051		1,743,498		1,744,749

Pool # MA7368, 3.00%, 5/20/2051		551,180		561,213

Pool # MA7417, 2.00%, 6/20/2051		3,514,985		3,445,366

Pool # MA7418, 2.50%, 6/20/2051		1,920,965		1,922,347

Pool # MA7420, 3.50%, 6/20/2051		527,019		544,725

Pool # MA7471, 2.00%, 7/20/2051		2,816,857		2,761,308

Pool # MA7472, 2.50%, 7/20/2051		912,265		912,922


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Mortgage-Backed Securities — continued

Pool # MA7473, 3.00%, 7/20/2051		597,960		608,845

Pool # MA7533, 2.00%, 8/20/2051		1,165,680		1,142,197

Pool # MA7588, 2.00%, 9/20/2051		1,174,549		1,150,613

Pool # MA7589, 2.50%, 9/20/2051		487,072		487,423

Pool # MA7766, 2.00%, 12/20/2051		2,485,569		2,433,635

Pool # MA7826, 2.00%, 1/20/2052		498,624		488,212

GNMA II, Single Family, 30 Year

TBA, 2.00%, 3/15/2052 (a)		1,500,000		1,466,484

TBA, 2.50%, 3/15/2052 (a)		3,800,000		3,796,883

TBA, 3.00%, 3/15/2052 (a)		1,200,000		1,219,922


Total Mortgage-Backed Securities (Cost $293,358,755)				283,321,081

Corporate Bonds — 25.0%

Auto Components — 0.2%

Aptiv plc

2.40%, 2/18/2025		770,000		769,234

4.40%, 10/1/2046		216,000		222,707

5.40%, 3/15/2049		90,000		105,436

3.10%, 12/1/2051		546,000		461,097

Lear Corp.

4.25%, 5/15/2029		83,000		87,898

5.25%, 5/15/2049		483,000		541,308


				2,187,680


Banks — 1.4%

Discover Bank

4.25%, 3/13/2026 (b)		636,000		672,668

3.45%, 7/27/2026		90,000		92,576

4.65%, 9/13/2028		960,000		1,042,075

Kreditanstalt fuer Wiederaufbau (Germany)

2.63%, 2/28/2024		36,000		36,800

0.25%, 3/8/2024		371,000		361,760

0.50%, 9/20/2024		500,000		485,965

2.50%, 11/20/2024		75,000		76,718

0.38%, 7/18/2025		198,000		189,088

0.63%, 1/22/2026		72,000		68,778

1.00%, 10/1/2026		403,000		389,150

1.75%, 9/14/2029		70,000		69,231

Zero Coupon, 4/18/2036		263,000		194,734

Zero Coupon, 6/29/2037		872,000		629,738

Landwirtschaftliche Rentenbank (Germany)

2.00%, 1/13/2025		498,000		502,527

2.38%, 6/10/2025		75,000		76,434

0.88%, 9/3/2030		107,000		98,145


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Banks — continued

NatWest Group plc (United Kingdom) (US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 2.15%), 2.36%, 5/22/2024 (c)		1,179,000		1,181,413

Oesterreichische Kontrollbank AG (Austria)

1.50%, 2/12/2025		160,000		158,973

0.50%, 2/2/2026		130,000		123,201

Royal Bank of Canada (Canada)

1.60%, 4/17/2023		423,000		423,608

2.55%, 7/16/2024		350,000		353,500

2.25%, 11/1/2024		2,242,000		2,243,669

0.88%, 1/20/2026		1,155,000		1,090,735

SVB Financial Group

3.50%, 1/29/2025		947,000		976,049

1.80%, 10/28/2026		2,064,000		1,993,784

2.10%, 5/15/2028		392,000		375,280


				13,906,599


Beverages — 0.0% (d)

Brown-Forman Corp.

3.50%, 4/15/2025		36,000		37,427

4.00%, 4/15/2038		93,000		100,808

4.50%, 7/15/2045		269,000		309,566


				447,801


Biotechnology — 0.1%

Regeneron Pharmaceuticals, Inc.

1.75%, 9/15/2030		115,000		102,680

2.80%, 9/15/2050		1,271,000		1,048,617


				1,151,297


Building Products — 0.3%

Allegion plc 3.50%, 10/1/2029		365,000		370,660

Johnson Controls International plc

3.62%, 7/2/2024 (e)		437,000		451,269

1.75%, 9/15/2030		233,000		213,142

4.63%, 7/2/2044 (e)		1,029,000		1,157,337

4.95%, 7/2/2064 (e)		723,000		833,531


				3,025,939


Capital Markets — 4.8%

Affiliated Managers Group, Inc.

4.25%, 2/15/2024		370,000		385,520

3.30%, 6/15/2030		211,000		213,546

Ameriprise Financial, Inc.

3.70%, 10/15/2024		310,000		322,934


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Capital Markets — continued

3.00%, 4/2/2025		200,000		203,600

2.88%, 9/15/2026		858,000		878,609

BlackRock, Inc.

3.20%, 3/15/2027		548,000		571,258

2.40%, 4/30/2030		553,000		539,975

Charles Schwab Corp. (The)

3.75%, 4/1/2024		327,000		338,530

3.20%, 3/2/2027		15,000		15,558

3.30%, 4/1/2027 (b)		1,197,000		1,247,655

2.00%, 3/20/2028		359,000		348,662

4.00%, 2/1/2029		451,000		486,609

3.25%, 5/22/2029		1,277,000		1,314,657

4.63%, 3/22/2030		513,000		581,855

CME Group, Inc.

3.00%, 9/15/2022		429,000		433,475

3.00%, 3/15/2025		131,000		134,500

3.75%, 6/15/2028		282,000		301,951

5.30%, 9/15/2043		389,000		496,883

4.15%, 6/15/2048		1,990,000		2,278,468

Deutsche Bank AG (Germany)

(SOFR + 2.58%), 3.96%, 11/26/2025 (c)		150,000		153,470

4.10%, 1/13/2026		1,608,000		1,674,821

(SOFR + 1.87%), 2.13%, 11/24/2026 (c)		1,889,000		1,818,570

Eaton Vance Corp.

3.63%, 6/15/2023		100,000		102,173

3.50%, 4/6/2027		972,000		1,006,816

Franklin Resources, Inc.

2.80%, 9/15/2022		25,000		25,243

1.60%, 10/30/2030		1,237,000		1,107,026

2.95%, 8/12/2051		1,142,000		987,033

Goldman Sachs Group, Inc. (The)

3.63%, 2/20/2024		37,000		38,018

3.85%, 7/8/2024		2,807,000		2,899,886

3.50%, 1/23/2025		25,000		25,723

(ICE LIBOR USD 3 Month + 1.16%), 3.81%, 4/23/2029 (c)		27,000		28,023

(ICE LIBOR USD 3 Month + 1.30%), 4.22%, 5/1/2029 (c)		1,435,000		1,521,117

(SOFR + 1.47%), 2.91%, 7/21/2042 (c)		1,416,000		1,265,082

4.80%, 7/8/2044		225,000		258,061

Intercontinental Exchange, Inc.

0.70%, 6/15/2023		3,449,000		3,409,770

3.00%, 9/15/2060		1,940,000		1,662,679


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Capital Markets — continued

Janus Henderson US Holdings, Inc. 4.88%, 8/1/2025		520,000		554,585

Jefferies Financial Group, Inc. 5.50%, 10/18/2023		370,000		381,723

Jefferies Group LLC

2.63%, 10/15/2031		129,000		119,941

6.25%, 1/15/2036		1,839,000		2,263,511

Lazard Group LLC

3.75%, 2/13/2025		2,124,000		2,202,835

3.63%, 3/1/2027		539,000		557,512

4.50%, 9/19/2028		228,000		244,662

4.38%, 3/11/2029		404,000		428,141

Legg Mason, Inc. 4.75%, 3/15/2026		283,000		307,928

Morgan Stanley

(SOFR + 0.46%), 0.53%, 1/25/2024 (c)		3,516,000		3,475,322

(SOFR + 0.62%), 0.73%, 4/5/2024 (c)		81,000		79,892

(SOFR + 1.15%), 2.72%, 7/22/2025 (c)		548,000		551,221

Series I, (SOFR + 0.75%), 0.86%, 10/21/2025 (c)		200,000		191,950

(SOFR + 0.56%), 1.16%, 10/21/2025 (c)		293,000		283,037

3.88%, 1/27/2026		500,000		522,226

(SOFR + 1.99%), 2.19%, 4/28/2026 (c)		100,000		98,658

(SOFR + 0.88%), 1.59%, 5/4/2027 (c)		110,000		104,799

(ICE LIBOR USD 3 Month + 1.34%), 3.59%, 7/22/2028 (c)		42,000		43,390

(ICE LIBOR USD 3 Month + 1.63%), 4.43%, 1/23/2030 (c)		50,000		53,994

(SOFR + 1.20%), 2.51%, 10/20/2032 (c)		100,000		94,496

Morgan Stanley Domestic Holdings, Inc.

3.80%, 8/24/2027		40,000		41,830

4.50%, 6/20/2028		70,000		75,596

Nasdaq, Inc.

0.45%, 12/21/2022		85,000		84,465

4.25%, 6/1/2024		267,000		278,249

3.85%, 6/30/2026		1,291,000		1,351,959

2.50%, 12/21/2040 (b)		454,000		381,839

3.25%, 4/28/2050		633,000		573,824

Raymond James Financial, Inc. 4.65%, 4/1/2030		190,000		209,008


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Capital Markets — continued

S&P Global, Inc.

4.00%, 6/15/2025		510,000		537,176

2.95%, 1/22/2027 (b)		352,000		361,683

2.50%, 12/1/2029		611,000		599,682

1.25%, 8/15/2030		317,000		281,723

3.25%, 12/1/2049		487,000		466,901

2.30%, 8/15/2060		1,078,000		810,969

Stifel Financial Corp.

4.25%, 7/18/2024		467,000		486,336

4.00%, 5/15/2030		686,000		720,833


				48,899,652


Chemicals — 0.7%

EI du Pont de Nemours and Co.

1.70%, 7/15/2025		573,000		561,480

2.30%, 7/15/2030		1,803,000		1,740,406

NewMarket Corp. 2.70%, 3/18/2031		694,000		668,070

RPM International, Inc. 3.75%, 3/15/2027		241,000		253,691

Sherwin-Williams Co. (The)

3.13%, 6/1/2024		183,000		187,173

3.45%, 8/1/2025		148,000		152,309

4.50%, 6/1/2047		1,952,000		2,135,120

3.80%, 8/15/2049		442,000		440,335

2.90%, 3/15/2052		994,000		852,361

Syngenta Finance NV (Switzerland) 3.13%, 3/28/2022		6,000		6,002


				6,996,947


Communications Equipment — 0.6%

Cisco Systems, Inc.

2.60%, 2/28/2023		39,000		39,492

3.63%, 3/4/2024		2,374,000		2,463,486

3.50%, 6/15/2025		1,802,000		1,885,518

2.50%, 9/20/2026 (b)		872,000		891,187

5.90%, 2/15/2039		17,000		22,582

Juniper Networks, Inc.

3.75%, 8/15/2029		42,000		43,328

2.00%, 12/10/2030		1,141,000		1,022,316


				6,367,909


Construction Materials — 0.0% (d)

Eagle Materials, Inc. 2.50%, 7/1/2031		321,000		300,092


Consumer Finance — 1.5%

Ally Financial, Inc.

1.45%, 10/2/2023		433,000		427,841


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Consumer Finance — continued

3.88%, 5/21/2024		1,242,000		1,281,461

5.13%, 9/30/2024		403,000		427,487

4.63%, 3/30/2025		130,000		136,885

8.00%, 11/1/2031		355,000		467,460

American Express Co.

3.70%, 8/3/2023		778,000		798,887

3.40%, 2/22/2024		498,000		512,000

3.00%, 10/30/2024		232,000		237,267

4.20%, 11/6/2025 (b)		777,000		826,615

3.13%, 5/20/2026		190,000		195,169

3.30%, 5/3/2027 (f)		726,000		749,143

4.05%, 12/3/2042		2,493,000		2,737,636

Discover Financial Services

3.95%, 11/6/2024		1,192,000		1,238,204

4.10%, 2/9/2027		494,000		517,904

Synchrony Financial

4.50%, 7/23/2025		142,000		148,921

3.70%, 8/4/2026		1,118,000		1,139,121

3.95%, 12/1/2027		242,000		249,635

5.15%, 3/19/2029		3,371,000		3,687,006


				15,778,642


Containers & Packaging — 0.0% (d)

Avery Dennison Corp.

4.88%, 12/6/2028		156,000		173,822

2.65%, 4/30/2030		85,000		81,861


				255,683


Diversified Financial Services — 0.1%

Block Financial LLC

2.50%, 7/15/2028		48,000		45,826

3.88%, 8/15/2030		669,000		678,052

Private Export Funding Corp. Series PP, 1.40%, 7/15/2028		58,000		55,007


				778,885


Diversified Telecommunication Services — 0.0% (d)

Koninklijke KPN NV (Netherlands) 8.38%, 10/1/2030 (b)		355,000		477,228


Electric Utilities — 1.6%

Alabama Power Co.

Series 20-A, 1.45%, 9/15/2030		1,897,000		1,694,919

3.13%, 7/15/2051		32,000		28,882

Baltimore Gas and Electric Co.

3.35%, 7/1/2023		468,000		476,317

3.20%, 9/15/2049		13,000		12,161

2.90%, 6/15/2050		214,000		190,608


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Electric Utilities — continued

Emera US Finance LP (Canada)

2.64%, 6/15/2031		1,225,000		1,144,303

4.75%, 6/15/2046		236,000		251,649

Enel Americas SA (Chile) 4.00%, 10/25/2026 (b)		793,000		816,981

Exelon Corp.

3.40%, 4/15/2026		20,000		20,643

4.05%, 4/15/2030		1,223,000		1,296,924

5.63%, 6/15/2035		160,000		190,143

4.70%, 4/15/2050		2,612,000		2,961,722

Georgia Power Co.

Series A, 2.20%, 9/15/2024		328,000		327,175

Series A, 3.25%, 3/15/2051		201,000		179,718

Hydro-Quebec (Canada) 8.50%, 12/1/2029		50,000		71,691

Iberdrola International BV (Spain)

5.81%, 3/15/2025		77,000		85,071

6.75%, 7/15/2036 (b)		157,000		214,670

Mississippi Power Co. Series B, 3.10%, 7/30/2051		50,000		44,422

Ohio Edison Co. 6.88%, 7/15/2036		400,000		539,551

Oklahoma Gas and Electric Co.

3.80%, 8/15/2028		400,000		419,964

3.30%, 3/15/2030		81,000		82,716

Southern Co. (The)

2.95%, 7/1/2023		106,000		107,342

Series A, 3.70%, 4/30/2030		3,319,000		3,422,602

4.40%, 7/1/2046		80,000		83,774

Tampa Electric Co.

2.40%, 3/15/2031		176,000		168,064

4.10%, 6/15/2042		200,000		211,083

4.35%, 5/15/2044		31,000		33,916

Union Electric Co.

8.45%, 3/15/2039		60,000		95,142

3.90%, 9/15/2042		800,000		831,325


				16,003,478


Electronic Equipment, Instruments & Components — 0.1%

Amphenol Corp.

2.05%, 3/1/2025		380,000		377,091

4.35%, 6/1/2029		51,000		55,376

2.80%, 2/15/2030		133,000		130,848

2.20%, 9/15/2031		561,000		518,715


				1,082,030


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Entertainment — 0.5%

Activision Blizzard, Inc.

3.40%, 9/15/2026		110,000		115,180

1.35%, 9/15/2030		3,442,000		3,065,797

4.50%, 6/15/2047 (b)		873,000		1,011,349

2.50%, 9/15/2050		95,000		79,754

Electronic Arts, Inc.

4.80%, 3/1/2026		353,000		383,647

1.85%, 2/15/2031		23,000		21,019


				4,676,746


Food & Staples Retailing — 0.3%

Ahold Finance USA LLC (Netherlands) 6.88%, 5/1/2029		216,000		269,781

Costco Wholesale Corp. 1.75%, 4/20/2032		2,155,000		1,985,062

Koninklijke Ahold Delhaize NV (Netherlands) 5.70%, 10/1/2040		491,000		633,381


				2,888,224


Food Products — 0.1%

Flowers Foods, Inc.

3.50%, 10/1/2026		487,000		507,729

2.40%, 3/15/2031		159,000		149,964


				657,693


Gas Utilities — 0.3%

National Fuel Gas Co.

5.20%, 7/15/2025		1,735,000		1,849,735

5.50%, 1/15/2026		355,000		384,901

4.75%, 9/1/2028		576,000		603,650


				2,838,286


Health Care Equipment & Supplies — 0.5%

DH Europe Finance II SARL 3.25%, 11/15/2039		308,000		301,674

Edwards Lifesciences Corp. 4.30%, 6/15/2028		1,013,000		1,097,424

Koninklijke Philips NV (Netherlands)

6.88%, 3/11/2038		536,000		732,549

5.00%, 3/15/2042		960,000		1,128,423

STERIS Irish FinCo. UnLtd Co. 3.75%, 3/15/2051		1,791,000		1,717,754


				4,977,824


Health Care Providers & Services — 0.1%

AmerisourceBergen Corp.

0.74%, 3/15/2023		242,000		239,941

3.25%, 3/1/2025 (b)		255,000		261,740


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Health Care Providers & Services — continued

3.45%, 12/15/2027		429,000		446,107

4.25%, 3/1/2045		350,000		362,317

4.30%, 12/15/2047		175,000		183,658


				1,493,763


Hotels, Restaurants & Leisure — 0.1%

Darden Restaurants, Inc.

3.85%, 5/1/2027 (b)		538,000		566,641

4.55%, 2/15/2048		738,000		752,300


				1,318,941


Household Durables — 0.2%

PulteGroup, Inc.

7.88%, 6/15/2032		40,000		54,062

6.00%, 2/15/2035		1,425,000		1,712,485


				1,766,547


Household Products — 0.1%

Church & Dwight Co., Inc.

3.15%, 8/1/2027		61,000		62,729

3.95%, 8/1/2047		659,000		710,900


				773,629


Independent Power and Renewable Electricity Producers — 0.0% (d)

Southern Power Co. Series F, 4.95%, 12/15/2046		25,000		27,540


Industrial Conglomerates — 0.0% (d)

Pentair Finance SARL 4.50%, 7/1/2029		264,000		285,279


Interactive Media & Services — 0.7%

Alphabet, Inc.

3.38%, 2/25/2024		819,000		847,897

0.45%, 8/15/2025		2,568,000		2,449,308

2.00%, 8/15/2026		2,029,000		2,033,898

2.05%, 8/15/2050		174,000		140,387

2.25%, 8/15/2060		1,571,000		1,257,886


				6,729,376


Internet & Direct Marketing Retail — 0.6%

Alibaba Group Holding Ltd. (China)

3.60%, 11/28/2024		201,000		206,623

4.50%, 11/28/2034		405,000		425,151

4.00%, 12/6/2037		202,000		197,432

3.15%, 2/9/2051		546,000		442,988

4.40%, 12/6/2057		1,800,000		1,769,914

3.25%, 2/9/2061		540,000		420,770

JD.com, Inc. (China)

3.88%, 4/29/2026		1,830,000		1,909,903


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Internet & Direct Marketing Retail — continued

4.13%, 1/14/2050		1,439,000		1,325,683


				6,698,464


IT Services — 0.2%

Amdocs Ltd. 2.54%, 6/15/2030		1,417,000		1,335,838

CGI, Inc. (Canada) 1.45%, 9/14/2026 (f)		500,000		475,659


				1,811,497


Life Sciences Tools & Services — 0.0% (d)

Agilent Technologies, Inc. 3.88%, 7/15/2023		334,000		341,838

PerkinElmer, Inc.

3.30%, 9/15/2029		142,000		142,941

2.55%, 3/15/2031		12,000		11,428


				496,207


Machinery — 0.2%

Dover Corp.

3.15%, 11/15/2025		438,000		451,538

2.95%, 11/4/2029		10,000		10,116

5.38%, 10/15/2035 (b)		283,000		334,809

IDEX Corp. 3.00%, 5/1/2030		1,139,000		1,127,838

Oshkosh Corp. 3.10%, 3/1/2030		588,000		576,170


				2,500,471


Media — 0.0% (d)

Interpublic Group of Cos., Inc. (The) 4.75%, 3/30/2030		228,000		252,861


Metals & Mining — 2.4%

ArcelorMittal SA (Luxembourg)

4.55%, 3/11/2026		515,000		540,834

6.75%, 3/1/2041 (e)		20,000		24,404

Barrick Gold Corp. (Canada) 6.45%, 10/15/2035		1,504,000		1,945,586

Freeport-McMoRan, Inc.

4.38%, 8/1/2028		1,818,000		1,847,281

5.45%, 3/15/2043		17,000		19,543

Newmont Corp.

2.80%, 10/1/2029		888,000		868,421

5.88%, 4/1/2035		353,000		431,231

6.25%, 10/1/2039		384,000		497,799

4.88%, 3/15/2042		369,000		424,198

5.45%, 6/9/2044		843,000		1,029,088

Rio Tinto Alcan, Inc. (Canada)

7.25%, 3/15/2031		1,188,000		1,579,301

6.13%, 12/15/2033		691,000		901,865

5.75%, 6/1/2035		106,000		133,916


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Metals & Mining — continued

Rio Tinto Finance USA plc (Australia)

4.75%, 3/22/2042		339,000		397,478

4.13%, 8/21/2042		3,127,000		3,420,041

Southern Copper Corp. (Peru)

3.50%, 11/8/2022		94,000		95,096

3.88%, 4/23/2025		1,299,000		1,338,000

5.25%, 11/8/2042		178,000		207,321

5.88%, 4/23/2045 (b)		1,745,000		2,181,456

Vale Overseas Ltd. (Brazil)

6.25%, 8/10/2026		916,000		1,034,758

3.75%, 7/8/2030		2,696,000		2,662,963

6.88%, 11/10/2039 (b)		548,000		678,162

Vale SA (Brazil) 5.63%, 9/11/2042		2,111,000		2,331,396


				24,590,138


Multiline Retail — 0.2%

Dollar General Corp.

3.25%, 4/15/2023		524,000		531,702

3.50%, 4/3/2030		479,000		490,455

4.13%, 4/3/2050		779,000		804,416


				1,826,573


Multi-Utilities — 0.3%

Ameren Corp.

2.50%, 9/15/2024		662,000		663,461

3.65%, 2/15/2026		926,000		963,871

1.75%, 3/15/2028		222,000		207,898

3.50%, 1/15/2031		289,000		295,602

Southern Co. Gas Capital Corp.

2.45%, 10/1/2023		11,000		11,099

Series 20-A, 1.75%, 1/15/2031		683,000		606,827

4.40%, 6/1/2043		19,000		19,723

3.95%, 10/1/2046		15,000		14,770

4.40%, 5/30/2047		68,000		71,626


				2,854,877


Oil, Gas & Consumable Fuels — 2.7%

Burlington Resources LLC

7.20%, 8/15/2031		179,000		241,261

7.40%, 12/1/2031		250,000		347,591

5.95%, 10/15/2036		351,000		454,209

Canadian Natural Resources Ltd. (Canada)

2.95%, 1/15/2023		100,000		101,040

2.05%, 7/15/2025		1,747,000		1,720,778

5.85%, 2/1/2035		1,410,000		1,662,842

4.95%, 6/1/2047 (b)		1,200,000		1,353,699


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Oil, Gas & Consumable Fuels — continued

CNOOC Finance 2013 Ltd. (China) 3.00%, 5/9/2023		201,000		203,539

CNOOC Finance 2015 USA LLC (China) 3.50%, 5/5/2025		200,000		206,606

Conoco Funding Co. 7.25%, 10/15/2031		201,000		272,100

ConocoPhillips

3.75%, 10/1/2027 (f)		267,000		285,313

4.30%, 8/15/2028 (f)		110,000		120,532

5.90%, 10/15/2032		323,000		402,025

5.90%, 5/15/2038		30,000		38,825

6.50%, 2/1/2039		841,000		1,165,344

ConocoPhillips Co.

4.95%, 3/15/2026		828,000		907,231

4.30%, 11/15/2044		262,000		287,133

5.95%, 3/15/2046		33,000		44,834

Continental Resources, Inc.

3.80%, 6/1/2024		481,000		491,289

4.90%, 6/1/2044		176,000		177,358

Devon Energy Corp.

4.50%, 1/15/2030		2,847,000		2,973,894

7.95%, 4/15/2032		218,000		296,113

5.60%, 7/15/2041 (b)		1,610,000		1,882,072

Eni USA, Inc. (Italy) 7.30%, 11/15/2027		54,000		65,981

EOG Resources, Inc.

4.38%, 4/15/2030		411,000		454,566

3.90%, 4/1/2035		716,000		769,809

4.95%, 4/15/2050		313,000		380,198

Equinor ASA (Norway) 3.95%, 5/15/2043		56,000		59,168

Hess Corp.

7.88%, 10/1/2029		324,000		418,371

7.30%, 8/15/2031		1,397,000		1,779,067

5.60%, 2/15/2041		2,588,000		2,982,575

Magellan Midstream Partners LP

5.00%, 3/1/2026		490,000		532,832

3.25%, 6/1/2030 (b)		85,000		84,958

5.15%, 10/15/2043		335,000		369,165

4.25%, 9/15/2046 (b)		466,000		461,819

4.20%, 10/3/2047		350,000		343,918

4.85%, 2/1/2049		400,000		428,493

3.95%, 3/1/2050		721,000		682,558

Pioneer Natural Resources Co.

0.55%, 5/15/2023		1,549,000		1,529,281

1.90%, 8/15/2030		241,000		219,106

2.15%, 1/15/2031		200,000		184,606


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Oil, Gas & Consumable Fuels — continued

Tosco Corp. 8.13%, 2/15/2030		65,000		87,807


				27,469,906


Personal Products — 0.1%

Estee Lauder Cos., Inc. (The)

2.00%, 12/1/2024 (b)		210,000		210,932

3.15%, 3/15/2027		174,000		180,920

2.60%, 4/15/2030		58,000		57,626

6.00%, 5/15/2037		95,000		127,059

4.38%, 6/15/2045		191,000		219,872

4.15%, 3/15/2047		175,000		197,810

3.13%, 12/1/2049		323,000		315,132


				1,309,351


Pharmaceuticals — 1.1%

Johnson & Johnson

0.55%, 9/1/2025		713,000		678,900

2.95%, 3/3/2027		229,000		237,522

6.95%, 9/1/2029		50,000		66,265

3.63%, 3/3/2037		53,000		57,137

5.95%, 8/15/2037		25,000		33,903

3.40%, 1/15/2038		495,000		513,570

5.85%, 7/15/2038		125,000		166,719

2.10%, 9/1/2040		831,000		718,100

4.50%, 9/1/2040		73,000		85,385

4.85%, 5/15/2041		116,000		142,403

4.50%, 12/5/2043		25,000		29,473

3.70%, 3/1/2046		1,679,000		1,802,256

3.75%, 3/3/2047		218,000		237,256

3.50%, 1/15/2048		838,000		874,370

2.45%, 9/1/2060		282,000		234,366

Zoetis, Inc.

3.25%, 2/1/2023		868,000		876,942

3.00%, 9/12/2027		1,425,000		1,452,582

3.90%, 8/20/2028		630,000		666,706

2.00%, 5/15/2030		1,045,000		972,141

4.70%, 2/1/2043		205,000		236,309

3.95%, 9/12/2047 (b)		447,000		481,243

4.45%, 8/20/2048		305,000		346,988


				10,910,536


Professional Services — 0.3%

Thomson Reuters Corp. (Canada)

3.35%, 5/15/2026		1,342,000		1,386,772

5.85%, 4/15/2040		25,000		32,401

5.65%, 11/23/2043 (b)		1,201,000		1,538,096


				2,957,269


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Semiconductors & Semiconductor Equipment — 1.1%

Micron Technology, Inc. 4.98%, 2/6/2026		658,000		710,700

NVIDIA Corp.

0.31%, 6/15/2023		418,000		411,849

0.58%, 6/14/2024		105,000		102,159

2.85%, 4/1/2030		835,000		845,422

3.50%, 4/1/2050 (b)		538,000		551,643

3.70%, 4/1/2060		1,333,000		1,392,025

Texas Instruments, Inc.

1.13%, 9/15/2026		153,000		147,214

2.90%, 11/3/2027		212,000		219,853

2.25%, 9/4/2029		582,000		573,986

1.75%, 5/4/2030		532,000		501,445

1.90%, 9/15/2031		30,000		28,298

3.88%, 3/15/2039		669,000		729,168

4.15%, 5/15/2048 (b)		1,384,000		1,572,897

2.70%, 9/15/2051 (b)		2,822,000		2,547,120

TSMC Arizona Corp. (Taiwan)

1.75%, 10/25/2026		1,062,000		1,029,167

3.25%, 10/25/2051		488,000		465,289


				11,828,235


Software — 0.1%

Cadence Design Systems, Inc. 4.38%, 10/15/2024		865,000		908,170


Specialty Retail — 0.3%

Advance Auto Parts, Inc. 3.90%, 4/15/2030		1,576,000		1,632,828

Best Buy Co., Inc. 4.45%, 10/1/2028		334,000		359,964

O’Reilly Automotive, Inc. 3.90%, 6/1/2029		382,000		401,596

Tractor Supply Co. 1.75%, 11/1/2030		585,000		520,456


				2,914,844


Technology Hardware, Storage & Peripherals — 0.4%

HP, Inc.

2.20%, 6/17/2025		884,000		878,403

1.45%, 6/17/2026		1,383,000		1,311,763

3.00%, 6/17/2027		1,471,000		1,483,671


				3,673,837


Textiles, Apparel & Luxury Goods — 0.1%

Tapestry, Inc.

4.13%, 7/15/2027		15,000		15,695

3.05%, 3/15/2032		596,000		567,777


				583,472


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Tobacco — 0.0% (d)

Altria Group, Inc.

5.38%, 1/31/2044		21,000		21,969

4.00%, 2/4/2061		484,000		402,804


				424,773


Trading Companies & Distributors — 0.2%

WW Grainger, Inc.

1.85%, 2/15/2025		836,000		829,226

4.60%, 6/15/2045		757,000		873,246

4.20%, 5/15/2047		212,000		235,636


				1,938,108


Wireless Telecommunication Services — 0.4%

America Movil SAB de CV (Mexico)

3.63%, 4/22/2029		2,978,000		3,074,293

6.38%, 3/1/2035		119,000		154,067

4.38%, 4/22/2049		1,013,000		1,115,075


				4,343,435


Total Corporate Bonds (Cost $268,517,244)				256,386,734

Commercial Mortgage-Backed Securities — 1.9%

Banc of America Commercial Mortgage Trust Series 2017-BNK3, Class A4, 3.57%, 2/15/2050		20,000		20,749

BANK

Series 2017-BNK4, Class ASB, 3.42%, 5/15/2050		30,000		30,705

Series 2019-BN16, Class A4, 4.01%, 2/15/2052		60,000		64,178

Series 2019-BN21, Class A5, 2.85%, 10/17/2052		60,000		59,946

Series 2019-BN23, Class A3, 2.92%, 12/15/2052		142,000		142,420

Series 2018-BN10, Class A5, 3.69%, 2/15/2061		20,000		20,961

Series 2018-BN10, Class AS, 3.90%, 2/15/2061 (g)		180,000		185,880

Series 2019-BN19, Class A3, 3.18%, 8/15/2061		100,000		102,167

Series 2018-BN13, Class C, 4.57%, 8/15/2061 ‡ (g)		500,000		516,684

Series 2019-BN22, Class A4, 2.98%, 11/15/2062		260,000		261,650

BBCMS Mortgage Trust Series 2018-C2, Class A5, 4.31%, 12/15/2051		40,000		43,435

Benchmark Mortgage Trust

Series 2018-B1, Class A5, 3.67%, 1/15/2051 (g)		50,000		52,347


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Series 2018-B2, Class B, 4.20%, 2/15/2051 ‡ (g)		20,000		20,976

Series 2018-B5, Class A4, 4.21%, 7/15/2051		110,000		118,999

Series 2018-B6, Class A2, 4.20%, 10/10/2051		37,779		38,664

Series 2018-B8, Class A5, 4.23%, 1/15/2052		40,000		43,378

Series 2019-B11, Class A2, 3.41%, 5/15/2052		300,000		306,074

Series 2020-B16, Class AM, 2.94%, 2/15/2053 ‡ (g)		180,000		176,268

Series 2019-B13, Class A3, 2.70%, 8/15/2057		450,000		444,102

Cantor Commercial Real Estate Lending Series 2019-CF2, Class AS, 3.12%, 11/15/2052		75,000		74,429

CD Mortgage Trust

Series 2017-CD6, Class ASB, 3.33%, 11/13/2050		20,000		20,474

Series 2017-CD6, Class AM, 3.71%, 11/13/2050 (g)		30,000		30,373

Series 2018-CD7, Class A3, 4.01%, 8/15/2051		400,000		421,900

CFCRE Commercial Mortgage Trust

Series 2017-C8, Class A4, REIT, 3.57%, 6/15/2050		30,000		30,863

Series 2016-C7, Class ASB, 3.64%, 12/10/2054		19,299		19,845

Citigroup Commercial Mortgage Trust

Series 2014-GC21, Class AAB, 3.48%, 5/10/2047		8,404		8,558

Series 2014-GC23, Class B, 4.17%, 7/10/2047 ‡ (g)		30,000		30,842

Series 2015-GC29, Class C, 4.14%, 4/10/2048 ‡ (g)		40,000		40,608

Series 2016-C1, Class AAB, 3.00%, 5/10/2049		83,409		84,728

Series 2019-GC43, Class A4, 3.04%, 11/10/2052		1,000,000		1,012,664

Commercial Mortgage Trust

Series 2013-CR9, Class A4, 4.25%, 7/10/2045 (g)		120,000		122,383

Series 2013-CR6, Class A4, 3.10%, 3/10/2046		20,000		20,098

Series 2013-CR7, Class A4, 3.21%, 3/10/2046		10,995		11,100

Series 2013-CR13, Class B, 4.88%, 11/10/2046 ‡ (g)		364,000		376,336


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Commercial Mortgage-Backed Securities — continued

Series 2014-UBS5, Class AM, 4.19%, 9/10/2047 (g)		40,000		41,157

Series 2014-CR20, Class A3, 3.33%, 11/10/2047		40,728		41,259

Series 2014-UBS6, Class A4, 3.38%, 12/10/2047		131,998		134,142

Series 2015-LC19, Class A4, 3.18%, 2/10/2048		250,000		253,852

Series 2015-LC21, Class AM, 4.04%, 7/10/2048 (g)		30,000		30,853

Series 2015-CR25, Class A4, 3.76%, 8/10/2048		30,000		31,031

Series 2015-PC1, Class A5, 3.90%, 7/10/2050		300,000		310,886

CSAIL Commercial Mortgage Trust

Series 2015-C3, Class A4, 3.72%, 8/15/2048		30,000		30,949

Series 2016-C5, Class A5, 3.76%, 11/15/2048		27,000		28,010

Series 2019-C15, Class A4, 4.05%, 3/15/2052		210,000		224,773

DBGS Mortgage Trust Series 2018-C1, Class A4, 4.47%, 10/15/2051		20,000		21,876

DBJPM Mortgage Trust Series 2017-C6, Class A5, 3.33%, 6/10/2050		20,000		20,549

FHLMC, Multi-Family Structured Pass-Through Certificates

Series K029, Class A2, 3.32%, 2/25/2023 (g)		145,049		147,195

Series K036, Class A2, 3.53%, 10/25/2023 (g)		162,000		165,792

Series K725, Class AM, 3.10%, 2/25/2024 (g)		50,000		51,135

Series K728, Class A2, 3.06%, 8/25/2024 (g)		49,370		50,717

Series K040, Class A2, 3.24%, 9/25/2024		70,000		72,176

Series K731, Class A2, 3.60%, 2/25/2025 (g)		50,000		51,991

Series K733, Class A2, 3.75%, 8/25/2025		500,000		524,389

Series K051, Class A2, 3.31%, 9/25/2025		40,000		41,696

Series K734, Class A2, 3.21%, 2/25/2026		370,000		384,015

Series K735, Class A2, 2.86%, 5/25/2026		50,000		51,545

Series K057, Class A2, 2.57%, 7/25/2026		63,000		64,263


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Series K063, Class A1, 3.05%, 8/25/2026		39,387		40,461

Series K072, Class A2, 3.44%, 12/25/2027		400,000		427,389

Series K084, Class A2, 3.78%, 10/25/2028 (g)		500,000		544,281

Series K096, Class A2, 2.52%, 7/25/2029		295,000		301,398

Series K099, Class A2, 2.60%, 9/25/2029		400,000		411,126

Series K100, Class A2, 2.67%, 9/25/2029		400,000		413,049

Series K102, Class A2, 2.54%, 10/25/2029		400,000		409,331

Series K159, Class A2, 3.95%, 11/25/2030 (g)		400,000		443,951

Series K125, Class A2, 1.85%, 1/25/2031		300,000		289,258

Series K-1512, Class A2, 2.99%, 5/25/2031		75,000		78,767

Series K156, Class A3, 3.70%, 6/25/2033 (g)		91,000		100,884

Series K-1512, Class A3, 3.06%, 4/25/2034		150,000		155,492

Series K-1513, Class A3, 2.80%, 8/25/2034		325,000		329,507

Series K-1514, Class A2, 2.86%, 10/25/2034		400,000		408,121

Series K-1518, Class A2, 1.86%, 10/25/2035		300,000		273,215

FNMA ACES

Series 2014-M2, Class A2, 3.51%, 12/25/2023 (g)		22,560		23,089

Series 2014-M3, Class A2, 3.50%, 1/25/2024 (g)		14,007		14,355

Series 2017-M10, Class AV2, 2.55%, 7/25/2024 (g)		46,830		47,611

Series 2016-M6, Class A1, 2.14%, 5/25/2026		3,354		3,360

Series 2016-M11, Class A1, 2.08%, 7/25/2026		37,640		37,797

Series 2017-M1, Class A2, 2.42%, 10/25/2026 (g)		168,492		170,703

Series 2017-M2, Class A2, 2.80%, 2/25/2027 (g)		405,404		419,534

Series 2017-M7, Class A2, 2.96%, 2/25/2027 (g)		325,698		335,995

Series 2017-M12, Class A2, 3.07%, 6/25/2027 (g)		166,078		174,681

Series 2018-M10, Class A2, 3.36%, 7/25/2028 (g)		40,000		43,021


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Commercial Mortgage-Backed Securities — continued

Series 2018-M14, Class A2, 3.58%, 8/25/2028 (g)		450,000		489,305

Series 2019-M1, Class A2, 3.55%, 9/25/2028 (g)		85,000		92,394

Series 2019-M22, Class A2, 2.52%, 8/25/2029		650,000		664,460

GS Mortgage Securities Trust

Series 2012-GCJ9, Class A3, 2.77%, 11/10/2045		77,671		78,022

Series 2014-GC24, Class AAB, 3.65%, 9/10/2047		12,506		12,751

Series 2014-GC24, Class AS, 4.16%, 9/10/2047 (g)		170,000		173,897

Series 2015-GC28, Class A4, 3.14%, 2/10/2048		38,765		39,349

Series 2015-GC30, Class A4, 3.38%, 5/10/2050		25,000		25,549

Series 2018-GS9, Class A4, 3.99%, 3/10/2051 (g)		200,000		212,483

Series 2019-GSA1, Class A4, 3.05%, 11/10/2052		260,000		261,854

JPMBB Commercial Mortgage Securities Trust

Series 2013-C12, Class C, 4.09%, 7/15/2045 ‡ (g)		26,000		26,293

Series 2015-C29, Class B, 4.12%, 5/15/2048 ‡ (g)		40,000		40,670

Series 2015-C31, Class A3, 3.80%, 8/15/2048		39,093		40,475

JPMDB Commercial Mortgage Securities Trust

Series 2016-C2, Class B, 3.99%, 6/15/2049 (g)		20,000		19,689

Series 2017-C5, Class B, 4.01%, 3/15/2050 ‡ (g)		20,000		19,946

JPMorgan Chase Commercial Mortgage Securities Trust

Series 2012-C8, Class A3, 2.83%, 10/15/2045		7,260		7,291

Series 2012-LC9, Class A5, 2.84%, 12/15/2047		15,583		15,689

Morgan Stanley Bank of America Merrill Lynch Trust

Series 2013-C9, Class A4, 3.10%, 5/15/2046		30,000		30,199

Series 2015-C22, Class AS, 3.56%, 4/15/2048 ‡		40,000		40,270

Series 2015-C25, Class ASB, 3.38%, 10/15/2048		38,181		38,871


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Series 2015-C25, Class A5, 3.64%, 10/15/2048		40,000		41,231

Series 2016-C31, Class A5, 3.10%, 11/15/2049		450,000		456,822

Series 2016-C32, Class A4, 3.72%, 12/15/2049		295,000		307,175

Morgan Stanley Capital I Trust

Series 2016-UB12, Class A3, 3.34%, 12/15/2049		540,925		550,501

Series 2017-H1, Class C, 4.28%, 6/15/2050 ‡ (g)		25,000		25,149

Series 2019-L2, Class A4, 4.07%, 3/15/2052		50,000		53,947

Series 2019-L3, Class A4, 3.13%, 11/15/2052		100,000		101,837

UBS Commercial Mortgage Trust

Series 2017-C2, Class A4, 3.49%, 8/15/2050		700,000		720,554

Series 2017-C4, Class ASB, 3.37%, 10/15/2050		40,000		40,959

Series 2017-C5, Class AS, 3.78%, 11/15/2050 (g)		70,000		71,540

Series 2017-C7, Class AS, 4.06%, 12/15/2050 (g)		50,000		52,040

UBS-Barclays Commercial Mortgage Trust

Series 2013-C5, Class A4, 3.18%, 3/10/2046		40,000		40,206

Series 2012-C2, Class A4, 3.53%, 5/10/2063		16,905		16,916

Wells Fargo Commercial Mortgage Trust

Series 2013-LC12, Class A4, 4.22%, 7/15/2046 (g)		300,000		306,136

Series 2015-C27, Class A4, 3.19%, 2/15/2048		31,468		31,901

Series 2015-C28, Class A4, 3.54%, 5/15/2048		20,000		20,514

Series 2015-C29, Class A4, 3.64%, 6/15/2048		120,000		123,541

Series 2018-C45, Class A3, 3.92%, 6/15/2051		42,740		45,180

Series 2019-C51, Class A3, 3.06%, 6/15/2052		500,000		505,109

Series 2019-C53, Class A4, 3.04%, 10/15/2052		125,000		126,269

Series 2020-C55, Class A5, 2.73%, 2/15/2053		240,000		236,840

WFRBS Commercial Mortgage Trust

Series 2012-C9, Class AS, 3.39%, 11/15/2045		60,000		60,470


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Commercial Mortgage-Backed Securities — continued

Series 2014-C22, Class A4, 3.49%, 9/15/2057		39,748		40,498

Series 2014-C22, Class A5, 3.75%, 9/15/2057		25,000		25,690


Total Commercial Mortgage-Backed Securities (Cost $20,693,815)				19,955,893

Foreign Government Securities — 1.7%

Canada Government Bond (Canada)

1.63%, 1/22/2025		985,000		983,657

0.75%, 5/19/2026		200,000		191,169

Export Development Canada (Canada) 2.63%, 2/21/2024		55,000		56,159

Export-Import Bank of Korea (South Korea)

0.38%, 2/9/2024		200,000		194,950

0.75%, 9/21/2025		215,000		205,292

Hungary Government Bond (Hungary) 5.38%, 2/21/2023		10,000		10,322

Italian Republic Government Bond (Italy)

1.25%, 2/17/2026		1,645,000		1,560,672

5.38%, 6/15/2033		427,000		503,927

Japan Bank for International Cooperation (Japan)

0.50%, 4/15/2024		200,000		195,196

3.00%, 5/29/2024 (b)		201,000		206,906

2.50%, 5/28/2025		220,000		224,248

2.88%, 6/1/2027		202,000		210,267

2.88%, 7/21/2027		218,000		227,095

3.50%, 10/31/2028		650,000		709,140

Oriental Republic of Uruguay (Uruguay)

4.38%, 10/27/2027		80,000		86,497

5.10%, 6/18/2050		113,000		134,999

Province of Alberta (Canada)

3.35%, 11/1/2023		100,000		103,025

2.95%, 1/23/2024		50,000		51,268

1.00%, 5/20/2025		200,000		194,611

1.30%, 7/22/2030		160,000		148,587

Province of British Columbia (Canada)

1.75%, 9/27/2024		940,000		941,939

2.25%, 6/2/2026		299,000		302,956

0.90%, 7/20/2026		225,000		216,073

1.30%, 1/29/2031 (b)		150,000		140,196

Province of Ontario (Canada)

3.40%, 10/17/2023		257,000		264,927

3.05%, 1/29/2024		155,000		159,333

2.50%, 4/27/2026		10,000		10,195

1.05%, 5/21/2027		10,000		9,523


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


2.00%, 10/2/2029		25,000		24,746

1.60%, 2/25/2031		240,000		228,045

Province of Quebec (Canada)

1.50%, 2/11/2025		415,000		411,887

0.60%, 7/23/2025		228,000		218,635

2.50%, 4/20/2026		122,000		124,562

1.35%, 5/28/2030 (b)		326,000		306,345

Republic of Chile (Chile) 3.25%, 9/21/2071		300,000		242,579

Republic of Indonesia (Indonesia) 3.40%, 9/18/2029		200,000		207,189

Republic of Korea (South Korea) 1.75%, 10/15/2031		939,000		910,055

Republic of Panama (Panama)

7.13%, 1/29/2026		100,000		115,763

8.88%, 9/30/2027		33,000		42,789

9.38%, 4/1/2029		126,000		171,900

6.70%, 1/26/2036		75,000		92,439

4.50%, 5/15/2047		200,000		196,636

Republic of Peru (Peru)

2.39%, 1/23/2026		123,000		120,402

2.78%, 1/23/2031		131,000		124,222

1.86%, 12/1/2032		200,000		171,685

3.23%, 7/28/2121		848,000		631,306

Republic of Philippines (Philippines)

7.50%, 9/25/2024		250,000		268,772

9.50%, 2/2/2030		47,000		67,793

3.70%, 2/2/2042		320,000		308,697

2.95%, 5/5/2045		201,000		173,164

Republic of Poland (Poland) 3.25%, 4/6/2026		325,000		335,969

Svensk Exportkredit AB (Sweden)

1.75%, 12/12/2023		200,000		200,801

0.38%, 7/30/2024		464,000		450,397

United Mexican States (Mexico)

3.90%, 4/27/2025		452,000		473,861

4.50%, 4/22/2029		280,000		296,956

3.25%, 4/16/2030 (b)		300,000		290,992

6.75%, 9/27/2034		265,000		326,914

5.55%, 1/21/2045		184,000		201,217

4.60%, 1/23/2046		200,000		192,448

5.75%, 10/12/2110		940,000		957,538


Total Foreign Government Securities (Cost $17,801,749)				17,129,833


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
U.S. Government Agency Securities — 1.4%

FFCB Funding Corp.

0.25%, 6/2/2022		33,000		32,981

1.85%, 8/5/2022		34,000		34,163

0.13%, 11/23/2022		448,000		445,696

0.57%, 7/2/2024		45,000		43,818

1.30%, 3/30/2027		820,000		790,695

FHLB

1.88%, 12/9/2022		10,000		10,074

3.00%, 12/9/2022		70,000		71,054

1.38%, 2/17/2023		1,135,000		1,137,610

2.13%, 3/10/2023		75,000		75,733

0.13%, 3/17/2023		100,000		98,973

3.38%, 12/8/2023		100,000		103,370

2.50%, 2/13/2024		770,000		785,273

1.50%, 8/15/2024		10,000		9,985

2.88%, 9/13/2024		130,000		133,876

2.75%, 12/13/2024		100,000		102,996

2.38%, 3/14/2025		35,000		35,710

3.25%, 11/16/2028		1,325,000		1,432,682

2.13%, 9/14/2029		100,000		100,395

5.63%, 3/14/2036		50,000		68,891

5.50%, 7/15/2036		35,000		48,370

FHLMC

0.38%, 4/20/2023		836,000		828,547

0.38%, 5/5/2023		600,000		594,110

2.75%, 6/19/2023		282,000		287,448

0.25%, 6/26/2023		210,000		207,160

0.25%, 8/24/2023		650,000		639,862

1.50%, 2/12/2025		379,000		377,228

0.38%, 7/21/2025		73,000		69,784

0.38%, 9/23/2025		10,000		9,522

2.66%, 12/14/2029 (h)		80,000		67,729

6.25%, 7/15/2032		120,000		165,864

FNMA

0.25%, 7/10/2023		10,000		9,855

0.30%, 8/3/2023		1,022,000		1,006,612

2.88%, 9/12/2023		400,000		409,086

2.50%, 2/5/2024		161,000		164,123

1.63%, 10/15/2024		10,000		10,003

0.63%, 4/22/2025		120,000		116,045

0.50%, 6/17/2025		455,000		436,962

2.13%, 4/24/2026		175,000		177,362

1.88%, 9/24/2026		103,000		103,427

0.88%, 12/18/2026		60,000		56,834

0.75%, 10/8/2027		130,000		122,209

6.25%, 5/15/2029		310,000		398,533


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


7.13%, 1/15/2030		31,000		42,561

0.88%, 8/5/2030		1,080,000		979,371

6.63%, 11/15/2030		98,000		132,860

6.21%, 8/6/2038		45,000		68,339

Tennessee Valley Authority

0.75%, 5/15/2025		83,000		80,450

7.13%, 5/1/2030		166,000		227,628

1.50%, 9/15/2031		56,000		52,376

Series B, 4.70%, 7/15/2033		612,000		753,644

6.15%, 1/15/2038		35,000		50,957

3.50%, 12/15/2042		95,000		105,119

5.38%, 4/1/2056		39,000		59,571


Total U.S. Government Agency Securities (Cost $14,683,876)				14,373,526

Supranational — 1.4%

African Development Bank (Supranational)

0.75%, 4/3/2023		540,000		537,308

3.00%, 9/20/2023		44,000		45,077

0.88%, 3/23/2026		182,000		174,997

0.88%, 7/22/2026		100,000		96,168

Asian Development Bank (Supranational)

2.75%, 3/17/2023		64,000		65,058

0.63%, 4/29/2025		200,000		193,256

0.38%, 9/3/2025		1,045,000		995,112

0.50%, 2/4/2026		335,000		318,175

2.75%, 1/19/2028		27,000		28,260

3.13%, 9/26/2028		80,000		86,175

Asian Infrastructure Investment Bank (The) (Supranational)

2.25%, 5/16/2024		30,000		30,446

0.50%, 10/30/2024		45,000		43,682

0.50%, 5/28/2025		159,000		152,590

0.50%, 1/27/2026		400,000		379,350

Corp. Andina de Fomento (Supranational)

1.63%, 9/23/2025		478,000		466,991

2.25%, 2/8/2027		197,000		195,247

Council of Europe Development Bank (Supranational)

1.38%, 2/27/2025		291,000		288,336

0.88%, 9/22/2026		50,000		48,028

European Investment Bank (Supranational)

2.50%, 3/15/2023		458,000		464,457

0.25%, 9/15/2023		623,000		612,501

3.25%, 1/29/2024		161,000		166,366


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Supranational — continued

2.63%, 3/15/2024		10,000		10,226

1.88%, 2/10/2025		479,000		481,611

0.38%, 12/15/2025 (b)		1,199,000		1,136,383

0.38%, 3/26/2026		2,892,000		2,730,240

Inter-American Development Bank (Supranational)

0.50%, 5/24/2023		500,000		495,548

0.88%, 4/3/2025		150,000		146,254

7.00%, 6/15/2025		91,000		105,889

0.63%, 7/15/2025		100,000		96,281

2.00%, 6/2/2026		481,000		483,861

1.13%, 7/20/2028		35,000		33,370

3.13%, 9/18/2028		109,000		117,183

3.88%, 10/28/2041		163,000		198,498

3.20%, 8/7/2042		15,000		16,634

4.38%, 1/24/2044		320,000		420,772

International Bank for Reconstruction & Development (Supranational)

2.50%, 3/19/2024		110,000		112,231

1.50%, 8/28/2024		237,000		236,590

1.63%, 1/15/2025		150,000		149,913

0.75%, 3/11/2025		492,000		478,552

0.63%, 4/22/2025		308,000		297,754

0.38%, 7/28/2025		459,000		438,038

2.50%, 7/29/2025		70,000		71,711

3.13%, 11/20/2025		70,000		73,338

1.38%, 4/20/2028		140,000		135,692

1.75%, 10/23/2029		173,000		170,851

4.75%, 2/15/2035		223,000		286,494


Total Supranational (Cost $14,620,165)				14,311,494

Municipal Bonds — 0.6% (i)

Arizona — 0.1%

City of Tucson, Taxable Series 2021A, COP, AGM, 2.86%, 7/1/2047		515,000		486,210


California — 0.3%

Bay Area Toll Authority, Toll Bridge

Series 2010S-1, Rev., 6.92%, 4/1/2040		40,000		57,199

Series 2009F-2, Rev., 6.26%, 4/1/2049		100,000		151,159

California State University, Taxable Series 2021B, Rev., 2.72%, 11/1/2052		470,000		436,717

East Bay Municipal Utility District, Water System Series 2010B, Rev., 5.87%, 6/1/2040		155,000		211,180


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement Series 2021B, Rev., 3.29%, 6/1/2042		455,000		448,413

Los Angeles Unified School District, Build America Bonds

GO, 5.75%, 7/1/2034		20,000		25,205

Series 2010RY, GO, 6.76%, 7/1/2034		105,000		141,016

Regents of the University of California Medical Center Pooled

Series H, Rev., 6.55%, 5/15/2048		40,000		58,397

Series 2020N, Rev., 3.71%, 5/15/2120		140,000		140,128

Santa Clara Valley Transportation Authority, Measure A Sales Tax Series 2010A, Rev., 5.88%, 4/1/2032		190,000		223,099

State of California, Various Purpose

GO, 7.50%, 4/1/2034		235,000		342,173

GO, 7.55%, 4/1/2039		400,000		622,317

GO, 7.60%, 11/1/2040		25,000		39,960

University of California, Taxable Series 2020BG, Rev., 1.61%, 5/15/2030		235,000		220,196


Total California				3,117,159


Connecticut — 0.0% (d)

State of Connecticut Series A, GO, 5.85%, 3/15/2032		75,000		93,577


Illinois — 0.1%

Chicago O’Hare International Airport, General Airport, Senior Lien Series 2018C, Rev., 4.47%, 1/1/2049		25,000		31,709

Metropolitan Water Reclamation District of Greater Chicago GO, 5.72%, 12/1/2038		55,000		72,805

Sales Tax Securitization Corp. Series 2019A, Rev., 4.64%, 1/1/2040		55,000		62,389

State of Illinois GO, 5.10%, 6/1/2033		410,000		451,901


Total Illinois				618,804


Missouri — 0.0% (d)

Health and Educational Facilities Authority of the State of Missouri, The Washington University Series 2017A, Rev., 3.65%, 8/15/2057		45,000		49,056


Nebraska — 0.0% (d)

University of Nebraska Facilities Corp., Taxable Series 2019A, Rev., 3.04%, 10/1/2049		50,000		49,870


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New Jersey — 0.1%

New Jersey Economic Development Authority, Pension Funding Series 1997A, Rev., NATL-RE, 7.43%, 2/15/2029		35,000		42,708

New Jersey Transportation Trust Fund Authority, Transportation System Series 2010C, Rev., 5.75%, 12/15/2028		25,000		28,131

New Jersey Turnpike Authority Series F, Rev., 7.41%, 1/1/2040		250,000		384,457


Total New Jersey				455,296


New York — 0.0% (d)

City of New York, Fiscal Year 2010 Series A-2, GO, 5.21%, 10/1/2031		25,000		29,130

New York City Water and Sewer System, Second General Resolution, Fiscal Year 2010 Series GG, Rev., 5.72%, 6/15/2042		40,000		55,694

New York State Urban Development Corp., State Personal Income Tax Series 2009E, Rev., 5.77%, 3/15/2039		25,000		29,646

Port Authority of New York and New Jersey, Consolidated

Series 182, Rev., 5.31%, 8/1/2046		60,000		63,864

Series 192, Rev., 4.81%, 10/15/2065		120,000		153,593


Total New York				331,927


Ohio — 0.0% (d)

American Municipal Power, Inc., Combined Hydroelectric Projects Series 2010B, Rev., 7.83%, 2/15/2041		25,000		38,716


Texas — 0.0% (d)

City of Houston GO, 3.96%, 3/1/2047		40,000		44,473

Grand Parkway Transportation Corp., System Toll Series 2020B, Rev., 3.24%, 10/1/2052		100,000		95,177

Permanent University Fund — Texas A&M University System Series B, Rev., 3.66%, 7/1/2047		20,000		21,048

State of Texas, Transportation Commission Highway Improvement Series 2010A, GO, 4.68%, 4/1/2040		45,000		55,233

State of Texas, Transportation Commission Mobility Fund Series 2009A, GO, 5.52%, 4/1/2039		120,000		158,865


Total Texas				374,796


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Virginia — 0.0% (d)

University of Virginia, Federally Taxable Rev., 2.26%, 9/1/2050		390,000		327,532


Total Municipal Bonds (Cost $6,167,716)				5,942,943


Asset-Backed Securities — 0.3%

AmeriCredit Automobile Receivables Trust

Series 2018-1, Class C, 3.50%, 1/18/2024		9,106		9,160

Series 2021-1, Class A3, 0.37%, 8/18/2025		300,000		297,627

Capital One Multi-Asset Execution Trust

Series 2017-A6, Class A6, 2.29%, 7/15/2025		10,000		10,076

Series 2019-A3, Class A3, 2.06%, 8/15/2028		400,000		394,502

CarMax Auto Owner Trust

Series 2018-1, Class A4, 2.64%, 6/15/2023		6,879		6,883

Series 2019-3, Class A3, 2.18%, 8/15/2024		273,539		274,965

Citibank Credit Card Issuance Trust

Series 2018-A6, Class A6, 3.21%, 12/7/2024		50,000		50,822

Series 2018-A7, Class A7, 3.96%, 10/13/2030		100,000		110,816

Discover Card Execution Note Trust Series 2018-A1, Class A1, 3.03%, 8/15/2025		18,000		18,301

Ford Credit Auto Owner Trust Series 2019-B, Class A4, 2.24%, 10/15/2024		300,000		302,069

Ford Credit Floorplan Master Owner Trust A Series 2019-3, Class A1, 2.23%, 9/15/2024		75,000		75,458

GM Financial Automobile Leasing Trust Series 2020-3, Class A3, 0.45%, 8/21/2023		802,238		800,959

Honda Auto Receivables Owner Trust Series 2019-4, Class A3, 1.83%, 1/18/2024		281,154		282,243

Mercedes-Benz Auto Lease Trust Series 2020-A, Class A3, 1.84%, 12/15/2022		7,716		7,722

Santander Drive Auto Receivables Trust Series 2018-4, Class D, 3.98%, 12/15/2025		75,481		76,333

Synchrony Credit Card Master Note Trust Series 2018-2, Class A, 3.47%, 5/15/2026		50,000		51,181


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Asset-Backed Securities — continued

Toyota Auto Receivables Owner Trust Series 2019-D, Class A3, 1.92%, 1/16/2024		27,736		27,824

World Omni Select Auto Trust Series 2019-A, Class D, 2.59%, 12/15/2025		182,000		183,300


Total Asset-Backed Securities (Cost $2,997,266)				2,980,241


	SHARES
Short-Term Investments — 2.4%

Investment Companies — 1.7%

JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03% (j) (k) (Cost $17,328,257)		17,328,257		17,328,257


Investment of Cash Collateral from Securities Loaned — 0.7%

JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 0.10% (j) (k)		6,496,049		6,493,451

JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03% (j) (k)		680,960		680,960


Total Investment of Cash Collateral from Securities Loaned (Cost $7,175,310)				7,174,411


Total Short-Term Investments (Cost $24,503,567)				24,502,668


Total Investments — 101.8% (Cost $1,081,302,226)				1,043,053,343

Liabilities in Excess of Other Assets — (1.8)%				(18,786,267)


NET ASSETS — 100.0%				1,024,267,076

Percentages indicated are based on net assets.

Abbreviations


ACES		Alternative Credit Enhancement Securities
AGM		Insured by Assured Guaranty Municipal Corp.
COP		Certificate of Participation
FFCB		Federal Farm Credit Bank
FHLB		Federal Home Loan Bank
FHLMC		Federal Home Loan Mortgage Corp.
FNMA		Federal National Mortgage Association
GNMA		Government National Mortgage Association
GO		General Obligation
ICE		Intercontinental Exchange
LIBOR		London Interbank Offered Rate
NATL		Insured by National Public Finance Guarantee Corp.
RE		Reinsured


REIT		Real Estate Investment Trust
Rev.		Revenue
SOFR		Secured Overnight Financing Rate
TBA		To Be Announced; Security is subject to delayed delivery.
UMBS		Uniform Mortgage-Backed Securities
USD		United States Dollar

(a)		All or a portion of the security is a when-issued security, delayed delivery security, or forward commitment.
(b)		The security or a portion of this security is on loan at February 28, 2022. The total value of securities on loan at February 28, 2022 is $7,056,051.
(c)		Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of February 28, 2022.
(d)		Amount rounds to less than 0.1% of net assets.
(e)		Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown is the current rate as of February 28, 2022.
(f)		Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended.
(g)		Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of February 28, 2022.
(h)		The rate shown is the effective yield as of February 28, 2022.
(i)		The date shown represents the earliest of the prerefunded date, next put date or final maturity date.
(j)		Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.
(k)		The rate shown is the current yield as of February 28, 2022.
‡		Value determined using significant unobservable inputs.


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — 54.3%

Aerospace & Defense — 0.4%

Boeing Co. (The) 4.51%, 5/1/2023		31,519,000		32,385,624

Leidos, Inc. 2.95%, 5/15/2023 (a)		46,063,000		46,619,441


				79,005,065


Automobiles — 2.3%

BMW US Capital LLC (Germany)

2.95%, 4/14/2022 (b)		18,360,000		18,401,684

3.80%, 4/6/2023 (b)		72,574,000		74,279,470

2.25%, 9/15/2023 (a) (b)		18,130,000		18,274,390

(SOFRINDX + 0.53%), 0.58%, 4/1/2024 (b) (c)		22,838,000		22,967,153

Daimler Finance North America LLC (Germany)

2.55%, 8/15/2022 (b)		9,996,000		10,056,418

3.35%, 2/22/2023 (b)		250,000		254,170

Hyundai Capital America

3.10%, 4/5/2022 (a) (b)		2,303,000		2,306,247

2.85%, 11/1/2022 (a) (b)		10,000,000		10,070,766

1.15%, 11/10/2022 (b)		27,058,000		26,944,963

0.80%, 4/3/2023 (b)		42,540,000		41,930,762

5.75%, 4/6/2023 (b)		12,071,000		12,545,166

4.13%, 6/8/2023 (b)		350,000		357,146

0.88%, 6/14/2024 (a) (b)		30,000,000		28,820,074

Kia Corp. (South Korea)

3.00%, 4/25/2023 (b)		8,970,000		9,081,407

1.00%, 4/16/2024 (b)		12,580,000		12,261,726

Nissan Motor Acceptance Co. LLC 1.13%, 9/16/2024 (b)		22,750,000		21,900,155

Volkswagen Group of America Finance LLC (Germany)

2.90%, 5/13/2022 (b)		29,836,000		29,944,518

2.70%, 9/26/2022 (b)		16,266,000		16,361,651

0.75%, 11/23/2022 (b)		13,636,000		13,546,651

3.13%, 5/12/2023 (b)		26,136,000		26,513,461

4.25%, 11/13/2023 (b)		9,666,000		10,007,380

0.88%, 11/22/2023 (b)		23,349,000		22,865,328


				429,690,686


Banks — 21.5%

ANZ New Zealand Int’l Ltd. (New Zealand) 1.90%, 2/13/2023 (a) (b)		3,630,000		3,647,958

ASB Bank Ltd. (New Zealand)

(ICE LIBOR USD 3 Month + 0.97%), 1.17%, 6/14/2023 (b) (c)		1,441,000		1,454,478

3.75%, 6/14/2023 (b)		7,575,000		7,773,326


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Banks — continued

Australia & New Zealand Banking Group Ltd. (Australia)

2.63%, 5/19/2022		11,522,000		11,569,160

(ICE LIBOR USD 3 Month + 0.58%), 0.94%, 11/9/2022 (b) (c)		15,400,000		15,450,946

2.63%, 11/9/2022		16,021,000		16,171,632

2.05%, 11/21/2022		12,527,000		12,601,023

Banco Santander SA (Spain)

3.50%, 4/11/2022		29,407,000		29,478,493

(ICE LIBOR USD 3 Month + 1.09%), 1.55%, 2/23/2023 (c)		6,000,000		6,041,472

3.13%, 2/23/2023		65,090,000		65,643,514

(ICE LIBOR USD 3 Month + 1.12%), 1.36%, 4/12/2023 (c)		4,000,000		4,028,090

3.85%, 4/12/2023		65,384,000		66,581,265

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.45%), 0.70%, 6/30/2024 (c)		37,000,000		36,360,309

Bank of America Corp.

3.30%, 1/11/2023		1,907,000		1,939,048

(ICE LIBOR USD 3 Month + 0.93%), 2.82%, 7/21/2023 (c)		2,515,000		2,528,003

4.10%, 7/24/2023		1,101,000		1,137,452

(ICE LIBOR USD 3 Month + 0.79%), 3.00%, 12/20/2023 (c)		41,219,000		41,585,328

(SOFR + 0.41%), 0.52%, 6/14/2024 (c)		49,982,000		49,073,242

(ICE LIBOR USD 3 Month + 0.97%), 3.46%, 3/15/2025 (c)		2,392,000		2,437,903

(SOFR + 0.69%), 0.98%, 4/22/2025 (c)		42,672,000		41,353,936

Bank of Montreal (Canada)

2.35%, 9/11/2022 (a)		5,511,000		5,550,942

2.05%, 11/1/2022 (a)		5,930,000		5,971,233

(SOFRINDX + 0.27%), 0.32%, 4/14/2023 (c)		90,125,000		89,970,474

0.40%, 9/15/2023 (a)		12,226,000		11,967,360

Bank of Nova Scotia (The) (Canada)

(ICE LIBOR USD 3 Month + 0.64%), 0.83%, 3/7/2022 (c)		10,108,000		10,109,244

2.70%, 3/7/2022		11,850,000		11,853,203

2.45%, 9/19/2022		5,887,000		5,925,803

1.95%, 2/1/2023		16,309,000		16,356,942

1.63%, 5/1/2023		12,270,000		12,265,829

0.80%, 6/15/2023		5,025,000		4,968,207

(SOFR + 0.28%), 0.33%, 6/23/2023 (c)		62,385,000		62,333,747


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Banks — continued

Banque Federative du Credit Mutuel SA (France)

2.70%, 7/20/2022 (b)		10,055,000		10,122,184

2.13%, 11/21/2022 (b)		10,991,000		11,047,030

3.75%, 7/20/2023 (b)		4,865,000		4,987,351

Barclays Bank plc (United Kingdom) 1.70%, 5/12/2022		23,728,000		23,748,515

Barclays plc (United Kingdom)

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.80%), 1.01%, 12/10/2024 (c)		29,647,000		28,894,567

BNP Paribas SA (France)

2.95%, 5/23/2022 (b)		8,058,000		8,095,543

3.50%, 3/1/2023 (b)		161,968,000		164,555,960

3.80%, 1/10/2024 (b)		32,459,000		33,401,102

3.38%, 1/9/2025 (a) (b)		17,041,000		17,375,924

BNZ International Funding Ltd. (New Zealand)

2.65%, 11/3/2022 (a) (b)		4,855,000		4,900,321

3.38%, 3/1/2023 (b)		13,260,000		13,500,018

Canadian Imperial Bank of Commerce (Canada)

2.55%, 6/16/2022 (a)		740,000		743,800

(SOFR + 0.80%), 0.85%, 3/17/2023 (c)		14,130,000		14,189,289

0.45%, 6/22/2023		63,961,000		62,874,938

0.95%, 6/23/2023		41,687,000		41,252,850

(ICE LIBOR USD 3 Month + 0.79%), 2.61%, 7/22/2023 (a) (c)		12,898,000		12,946,227

(SOFRINDX + 0.40%), 0.45%, 12/14/2023 (a) (c)		50,032,000		50,059,017

Capital One NA 2.15%, 9/6/2022		24,273,000		24,409,326

Citigroup, Inc.

3.38%, 3/1/2023		1,007,000		1,025,281

(ICE LIBOR USD 3 Month + 0.95%), 2.88%, 7/24/2023 (c)		2,097,000		2,108,487

(SOFR + 1.67%), 1.68%, 5/15/2024 (c)		500,000		499,106

(ICE LIBOR USD 3 Month + 1.02%), 4.04%, 6/1/2024 (c)		1,937,000		1,986,841

Citizens Bank NA

2.65%, 5/26/2022		14,375,000		14,416,175

(ICE LIBOR USD 3 Month + 0.95%), 1.17%, 3/29/2023 (c)		16,770,000		16,817,805

3.70%, 3/29/2023		2,947,000		3,004,928


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Banks — continued

Commonwealth Bank of Australia (Australia)

(ICE LIBOR USD 3 Month + 0.70%), 0.90%, 3/10/2022 (b) (c)		2,348,000		2,348,353

2.75%, 3/10/2022 (b)		1,452,000		1,452,722

2.50%, 9/18/2022 (b)		13,980,000		14,084,584

1.63%, 10/17/2022 (b)		25,290,000		25,384,736

Cooperatieve Rabobank UA (Netherlands)

3.88%, 9/26/2023 (a) (b)		6,490,000		6,691,122

(SOFRINDX + 0.30%), 0.35%, 1/12/2024 (c)		62,834,000		62,889,621

Credit Agricole SA (France) 3.75%, 4/24/2023 (b)		115,120,000		117,667,781

Credit Suisse Group Funding Guernsey Ltd. (Switzerland) 3.80%, 9/15/2022		64,064,000		64,894,230

DBS Group Holdings Ltd. (Singapore) 2.85%, 4/16/2022 (a) (b)		44,859,000		44,925,840

DNB Bank ASA (Norway) 2.15%, 12/2/2022 (b)		35,121,000		35,352,751

Federation des Caisses Desjardins du Quebec (Canada)

1.95%, 9/26/2022 (b)		25,000,000		25,146,725

(SOFR + 0.43%), 0.48%, 5/21/2024 (b) (c)		41,345,000		41,324,501

0.70%, 5/21/2024 (a) (b)		26,044,000		25,198,896

Fifth Third Bancorp

2.60%, 6/15/2022 (a)		34,876,000		34,987,461

1.63%, 5/5/2023		18,545,000		18,519,808

First Republic Bank (SOFR + 0.62%), 1.91%, 2/12/2024 (c)		592,000		590,988

HSBC Holdings plc (United Kingdom)

(ICE LIBOR USD 3 Month + 1.06%), 3.26%, 3/13/2023 (c)		87,422,000		87,467,522

3.60%, 5/25/2023 (a)		12,181,000		12,463,984

(SOFR + 0.53%), 0.73%, 8/17/2024 (c)		48,545,000		47,487,174

(SOFR + 0.71%), 0.98%, 5/24/2025 (c)		59,681,000		57,686,352

Huntington National Bank (The)

3.13%, 4/1/2022		2,128,000		2,128,000

2.50%, 8/7/2022		16,029,000		16,114,403

1.80%, 2/3/2023		500,000		500,147

ING Groep NV (Netherlands)

(ICE LIBOR USD 3 Month + 1.15%), 1.37%, 3/29/2022 (c)		28,625,000		28,645,557


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Banks — continued

3.15%, 3/29/2022		58,170,000		58,276,044

4.10%, 10/2/2023		3,730,000		3,851,747

Intesa Sanpaolo SpA (Italy) 3.13%, 7/14/2022 (b)		91,015,000		91,483,154

KeyBank NA

2.40%, 6/9/2022		965,000		969,194

2.30%, 9/14/2022		5,119,000		5,154,672

1.25%, 3/10/2023		500,000		498,769

(SOFR + 0.32%), 0.43%, 6/14/2024 (c)		68,003,000		66,751,164

Lloyds Banking Group plc (United Kingdom)

(ICE LIBOR USD 3 Month + 1.25%), 2.86%, 3/17/2023 (c)		78,163,000		78,207,629

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.10%), 1.33%, 6/15/2023 (c)		15,176,000		15,157,022

4.05%, 8/16/2023 (a)		27,349,000		28,177,357

(ICE LIBOR USD 3 Month + 0.81%), 2.91%, 11/7/2023 (c)		3,334,000		3,357,480

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.55%), 0.70%, 5/11/2024 (c)		45,000,000		44,290,066

Mitsubishi UFJ Financial Group, Inc. (Japan)

(ICE LIBOR USD 3 Month + 0.70%), 0.89%, 3/7/2022 (c)		22,890,000		22,891,781

3.22%, 3/7/2022		3,842,000		3,843,351

2.62%, 7/18/2022		24,117,000		24,267,437

2.67%, 7/25/2022		72,439,000		72,913,087

3.46%, 3/2/2023		351,000		357,405

(ICE LIBOR USD 3 Month + 0.86%), 1.13%, 7/26/2023 (c)		1,594,000		1,606,613

3.76%, 7/26/2023		2,493,000		2,559,828

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.45%), 0.96%, 10/11/2025 (c)		33,780,000		32,533,999

Mizuho Financial Group, Inc. (Japan)

2.60%, 9/11/2022		17,086,000		17,221,966

3.55%, 3/5/2023		3,942,000		4,022,052

(ICE LIBOR USD 3 Month + 0.84%), 1.08%, 7/16/2023 (c)		9,601,000		9,619,629

(ICE LIBOR USD 3 Month + 0.84%), 2.72%, 7/16/2023 (c)		4,363,000		4,381,606

(ICE LIBOR USD 3 Month + 0.85%), 1.05%, 9/13/2023 (a) (c)		107,214,000		107,522,059


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Banks — continued

(ICE LIBOR USD 3 Month + 0.63%), 1.13%, 5/25/2024 (c)		10,000,000		10,025,071

(SOFR + 1.25%), 1.24%, 7/10/2024 (c)		15,000,000		14,826,106

(SOFR + 0.87%), 0.85%, 9/8/2024 (c)		29,700,000		29,096,638

(ICE LIBOR USD 3 Month + 1.00%), 3.92%, 9/11/2024 (c)		8,066,000		8,281,799

MUFG Bank Ltd. (Japan) 4.10%, 9/9/2023 (b)		200,000		206,561

MUFG Union Bank NA

3.15%, 4/1/2022		1,220,000		1,220,000

(SOFR + 0.71%), 0.76%, 12/9/2022 (c)		24,750,000		24,848,494

National Australia Bank Ltd. (Australia)

2.50%, 5/22/2022		8,967,000		9,002,600

(ICE LIBOR USD 3 Month + 0.41%), 0.61%, 12/13/2022 (b) (c)		3,563,000		3,570,411

3.00%, 1/20/2023 (a)		5,600,000		5,687,276

2.88%, 4/12/2023 (a)		3,345,000		3,392,977

National Bank of Canada (Canada)

2.15%, 10/7/2022 (a) (b)		30,876,000		31,029,660

2.10%, 2/1/2023		68,667,000		68,911,094

(SOFR + 0.30%), 0.35%, 5/16/2023 (a) (c)		46,819,000		46,739,257

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.77%), 0.90%, 8/15/2023 (c)		17,036,000		16,981,961

NatWest Group plc (United Kingdom)

(ICE LIBOR USD 3 Month + 1.47%), 1.98%, 5/15/2023 (c)		83,064,000		83,190,390

(ICE LIBOR USD 3 Month + 1.48%), 3.50%, 5/15/2023 (c)		9,400,000		9,431,758

3.88%, 9/12/2023		40,000,000		40,967,124

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 2.15%), 2.36%, 5/22/2024 (c)		133,000		133,312

(ICE LIBOR USD 3 Month + 1.76%), 4.27%, 3/22/2025 (c)		10,045,000		10,387,110

NatWest Markets plc (United Kingdom)

3.63%, 9/29/2022 (b)		25,670,000		26,027,175

2.38%, 5/21/2023 (b)		12,650,000		12,735,539

(SOFR + 0.53%), 0.58%, 8/12/2024 (b) (c)		20,000,000		20,009,974

Nordea Bank Abp (Finland)

1.00%, 6/9/2023 (b)		17,512,000		17,376,326

3.75%, 8/30/2023 (b)		1,534,000		1,574,230


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Banks — continued

PNC Bank NA 3.50%, 6/8/2023		3,000,000		3,061,450

PNC Financial Services Group, Inc. (The) 2.85%, 11/9/2022 (d)		1,465,000		1,481,260

Royal Bank of Canada (Canada)

1.95%, 1/17/2023		479,000		481,373

1.60%, 4/17/2023 (a)		26,338,000		26,366,125

(SOFRINDX + 0.45%), 0.50%, 10/26/2023 (c)		62,070,000		62,086,884

Santander UK plc (United Kingdom) 2.10%, 1/13/2023		21,152,000		21,276,756

Skandinaviska Enskilda Banken AB (Sweden)

3.05%, 3/25/2022 (b)		13,760,000		13,773,898

2.20%, 12/12/2022 (b)		10,957,000		11,032,100

Societe Generale SA (France)

4.25%, 9/14/2023 (b)		16,840,000		17,333,980

3.88%, 3/28/2024 (b)		15,819,000		16,220,152

2.63%, 10/16/2024 (b)		20,595,000		20,506,962

2.63%, 1/22/2025 (a) (b)		5,000,000		4,954,510

Standard Chartered plc (United Kingdom)

(SOFR + 1.25%), 1.30%, 10/14/2023 (b) (c)		21,479,000		21,576,944

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 1.17%), 1.32%, 10/14/2023 (b) (c)		16,742,000		16,664,247

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.78%), 0.99%, 1/12/2025 (b) (c)		10,000,000		9,696,176

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.88%), 1.21%, 3/23/2025 (b) (c)		12,000,000		11,682,633

Sumitomo Mitsui Banking Corp. (Japan) 3.20%, 7/18/2022		24,653,000		24,851,298

Sumitomo Mitsui Financial Group, Inc. (Japan)

2.78%, 7/12/2022		48,571,000		48,879,059

2.78%, 10/18/2022		8,447,000		8,535,585

3.10%, 1/17/2023		4,919,000		4,987,754

Sumitomo Mitsui Trust Bank Ltd. (Japan) (SOFR + 0.44%), 0.49%, 9/16/2024 (b) (c)		33,827,000		33,747,254


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Banks — continued

Toronto-Dominion Bank (The) (Canada)

1.90%, 12/1/2022		3,189,000		3,208,742

0.25%, 1/6/2023		63,084,000		62,563,920

(SOFR + 0.24%), 0.29%, 1/6/2023 (c)		73,141,000		73,147,317

(SOFR + 0.48%), 0.53%, 1/27/2023 (c)		29,380,000		29,436,238

(SOFR + 0.22%), 0.27%, 6/2/2023 (c)		84,848,000		84,697,598

0.30%, 6/2/2023 (a)		2,115,000		2,080,583

0.75%, 6/12/2023		41,625,000		41,186,940

0.45%, 9/11/2023		48,000		47,124

Truist Bank (SOFR + 0.20%), 0.25%, 1/17/2024 (c)		66,448,000		66,365,724

Truist Financial Corp.

3.05%, 6/20/2022		17,689,000		17,769,053

2.20%, 3/16/2023		2,946,000		2,962,280

US Bank NA 2.65%, 5/23/2022		2,081,000		2,086,895

Wells Fargo & Co.

(SOFR + 1.60%), 1.65%, 6/2/2024 (c)		24,600,000		24,514,629

(SOFR + 0.51%), 0.80%, 5/19/2025 (c)		19,800,000		19,161,524

Westpac Banking Corp. (Australia)

2.50%, 6/28/2022		8,763,000		8,810,326

2.75%, 1/11/2023		11,857,000		12,010,990

2.00%, 1/13/2023		1,140,000		1,147,343


				4,021,006,985


Beverages — 0.7%

Coca-Cola Europacific Partners plc (United Kingdom) 0.50%, 5/5/2023 (b)		54,995,000		54,126,511

Heineken NV (Netherlands) 2.75%, 4/1/2023 (b)		6,250,000		6,316,833

Keurig Dr Pepper, Inc.

4.06%, 5/25/2023		3,164,000		3,247,866

0.75%, 3/15/2024		56,488,000		55,085,197

Suntory Holdings Ltd. (Japan) 2.55%, 6/28/2022 (b)		2,000,000		2,003,189


				120,779,596


Biotechnology — 0.9%

AbbVie, Inc.

3.25%, 10/1/2022		10,451,000		10,520,608

2.90%, 11/6/2022		35,000,000		35,346,514


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Biotechnology — continued

2.30%, 11/21/2022		89,162,000		89,711,734

Biogen, Inc. 3.63%, 9/15/2022		5,311,000		5,374,168

Gilead Sciences, Inc. 3.25%, 9/1/2022		22,641,000		22,822,857


				163,775,881


Building Products — 0.0% (e)

Carlisle Cos., Inc. 0.55%, 9/1/2023		2,027,000		1,986,726


Capital Markets — 5.3%

Bank of New York Mellon Corp. (The)

1.85%, 1/27/2023		1,210,000		1,217,096

2.95%, 1/29/2023		396,000		401,039

3.50%, 4/28/2023		818,000		836,281

(ICE LIBOR USD 3 Month + 0.63%), 2.66%, 5/16/2023 (c)		5,401,000		5,413,238

Charles Schwab Corp. (The)

3.23%, 9/1/2022 (a)		300,000		303,073

2.65%, 1/25/2023		3,499,000		3,537,322

(SOFRINDX + 0.50%), 0.55%, 3/18/2024 (c)		1,642,000		1,644,542

Credit Suisse AG (Switzerland)

2.80%, 4/8/2022 (a)		67,624,000		67,776,794

1.00%, 5/5/2023		8,715,000		8,648,586

Series FXD, 0.52%, 8/9/2023		50,000,000		49,070,954

(SOFRINDX + 0.39%), 0.44%, 2/2/2024 (c)		40,999,000		40,952,981

Daiwa Securities Group, Inc. (Japan)

3.13%, 4/19/2022 (b)		2,583,000		2,590,147

Goldman Sachs Group, Inc. (The)

0.52%, 3/8/2023		32,717,000		32,487,408

(ICE LIBOR USD 3 Month + 1.05%), 1.23%, 6/5/2023 (c)		9,896,000		9,912,894

(ICE LIBOR USD 3 Month + 1.05%), 2.91%, 6/5/2023 (c)		14,839,000		14,897,370

(ICE LIBOR USD 3 Month + 1.00%), 1.26%, 7/24/2023 (c)		1,343,000		1,345,952

(ICE LIBOR USD 3 Month + 0.99%), 2.90%, 7/24/2023 (c)		40,333,000		40,542,020

Series VAR, (SOFR + 0.54%), 0.63%, 11/17/2023 (c)		33,389,000		33,113,850

(SOFR + 0.57%), 0.67%, 3/8/2024 (c)		77,500,000		76,488,786

Intercontinental Exchange, Inc. 2.35%, 9/15/2022 (a)		2,115,000		2,128,452

Macquarie Bank Ltd. (Australia)

2.10%, 10/17/2022 (b)		4,920,000		4,946,164

0.44%, 12/16/2022 (b)		85,955,000		85,463,021


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Capital Markets — continued

(SOFR + 0.30%), 0.35%, 4/6/2023 (b) (c)		140,000,000		139,396,795

Moody’s Corp. 2.63%, 1/15/2023 (a)		1,188,000		1,198,341

Morgan Stanley

2.75%, 5/19/2022		36,682,000		36,827,015

3.13%, 1/23/2023		35,056,000		35,556,818

3.75%, 2/25/2023		5,500,000		5,604,796

(SOFR + 0.47%), 0.56%, 11/10/2023 (c)		21,754,000		21,583,960

(SOFR + 0.46%), 0.53%, 1/25/2024 (c)		8,363,000		8,265,424

(SOFR + 0.62%), 0.73%, 4/5/2024 (c)		38,073,000		37,546,540

(SOFR + 0.53%), 0.79%, 5/30/2025 (c)		25,000,000		24,105,335

State Street Corp. (SOFR + 2.69%), 2.82%, 3/30/2023 (c)		15,059,000		15,072,229

UBS AG (Switzerland)

0.38%, 6/1/2023 (b)		36,814,000		36,258,748

(SOFR + 0.36%), 0.41%, 2/9/2024 (b) (c)		23,894,000		23,851,291

(SOFR + 0.45%), 0.50%, 8/9/2024 (b) (c)		30,423,000		30,384,447

UBS Group AG (Switzerland)

(ICE LIBOR USD 3 Month + 1.22%), 1.70%, 5/23/2023 (b) (c)		5,805,000		5,820,466

3.49%, 5/23/2023 (b)		290,000		291,274

(ICE LIBOR USD 3 Month + 0.95%), 2.86%, 8/15/2023 (b) (c)		37,834,000		38,074,407

(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 0.83%), 1.01%, 7/30/2024 (a) (b) (c)		36,500,000		35,979,407


				979,535,263


Chemicals — 0.3%

Chevron Phillips Chemical Co. LLC 3.30%, 5/1/2023 (b)		4,703,000		4,787,245

International Flavors & Fragrances, Inc. 0.70%, 9/15/2022 (b)		15,000,000		14,951,332

Nutrien Ltd. (Canada) 1.90%, 5/13/2023		22,880,000		22,915,407

Westlake Corp. 0.88%, 8/15/2024 (a)		4,583,000		4,442,581


				47,096,565


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Construction Materials — 0.1%

Martin Marietta Materials, Inc. 0.65%, 7/15/2023		16,655,000		16,392,979


Consumer Finance — 3.9%

AerCap Ireland Capital DAC (Ireland)

4.13%, 7/3/2023		20,510,000		20,967,996

1.15%, 10/29/2023		57,979,000		56,636,001

American Express Co.

2.75%, 5/20/2022		9,713,000		9,736,694

2.50%, 8/1/2022		8,699,000		8,743,644

2.65%, 12/2/2022		885,000		894,738

3.40%, 2/27/2023		5,495,000		5,577,881

3.70%, 8/3/2023		3,130,000		3,211,509

American Honda Finance Corp.

(ICE LIBOR USD 3 Month + 0.15%), 0.63%, 2/22/2023 (a) (c)		99,001,000		99,055,806

0.35%, 4/20/2023		10,431,000		10,266,722

1.95%, 5/10/2023		14,869,000		14,939,595

0.88%, 7/7/2023		9,506,000		9,414,814

Avolon Holdings Funding Ltd. (Ireland) 3.63%, 5/1/2022 (b)		42,290,000		42,365,389

Capital One Financial Corp.

(ICE LIBOR USD 3 Month + 0.72%), 1.02%, 1/30/2023 (c)		420,000		421,057

2.60%, 5/11/2023		69,720,000		70,306,851

Caterpillar Financial Services Corp.

1.95%, 11/18/2022		7,500,000		7,541,175

2.55%, 11/29/2022		9,656,000		9,759,795

3.45%, 5/15/2023		590,000		604,761

General Motors Financial Co., Inc.

(SOFR + 1.20%), 1.25%, 11/17/2023 (c)		23,000,000		23,215,399

1.05%, 3/8/2024		18,436,000		17,963,420

Hyundai Capital Services, Inc. (South Korea) 0.75%, 9/15/2023 (b)		13,658,000		13,326,111

John Deere Capital Corp.

(ICE LIBOR USD 3 Month + 0.38%), 0.57%, 3/7/2022 (c)		145,000		145,006

2.75%, 3/15/2022		1,000,000		1,000,663

2.80%, 1/27/2023		573,000		580,017

(SOFR + 0.12%), 0.17%, 7/10/2023 (a) (c)		57,027,000		57,009,711

Toyota Motor Credit Corp.

0.45%, 7/22/2022 (a)		4,299,000		4,289,987

0.35%, 10/14/2022		30,417,000		30,281,264


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Consumer Finance — continued

(SOFR + 0.20%), 0.25%, 2/13/2023 (a) (c)		74,615,000		74,530,961

0.40%, 4/6/2023		68,327,000		67,565,762

(SOFRINDX + 0.33%), 0.38%, 1/11/2024 (c)		61,779,000		61,813,958


				722,166,687


Diversified Financial Services — 1.7%

AIG Global Funding

2.30%, 7/1/2022 (b)		2,125,000		2,131,648

0.80%, 7/7/2023 (b)		8,310,000		8,206,427

0.40%, 9/13/2023 (b)		54,067,000		52,842,908

(SOFR + 0.38%), 0.43%, 12/15/2023 (a) (b) (c)		48,943,000		48,963,130

Citigroup Global Markets Holdings, Inc. 0.75%, 6/7/2024		33,597,000		32,689,184

CK Hutchison International 17 Ltd. (United Kingdom) 2.88%, 4/5/2022 (b)		3,245,000		3,248,570

Element Fleet Management Corp. (Canada) 1.60%, 4/6/2024 (b)		9,954,000		9,786,574

National Rural Utilities Cooperative Finance Corp.

2.30%, 9/15/2022		2,070,000		2,082,747

Series D, (ICE LIBOR USD 3 Month + 0.07%), 0.52%, 2/16/2023 (c)		65,911,000		65,687,649

(SOFR + 0.40%), 0.45%, 8/7/2023 (c)		11,905,000		11,926,000

NTT Finance Corp. (Japan) 0.37%, 3/3/2023 (b)		40,004,000		39,577,367

ORIX Corp. (Japan) 2.90%, 7/18/2022 (a)		147,000		148,082

Siemens Financieringsmaatschappij NV (Germany)

(ICE LIBOR USD 3 Month + 0.61%), 0.82%, 3/16/2022 (b) (c)		1,227,000		1,227,256

0.40%, 3/11/2023 (b)		14,889,000		14,708,962

(SOFR + 0.43%), 0.48%, 3/11/2024 (b) (c)		23,914,000		23,956,772


				317,183,276


Diversified Telecommunication Services — 0.4%

AT&T, Inc.

2.63%, 12/1/2022		2,551,000		2,568,089

(SOFRINDX + 0.64%), 0.69%, 3/25/2024 (c)		24,755,000		24,759,233

Deutsche Telekom International Finance BV (Germany) 2.49%, 9/19/2023 (b)		15,070,000		15,193,621


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Diversified Telecommunication Services — continued

Verizon Communications, Inc. (ICE LIBOR USD 3 Month + 1.00%), 1.21%, 3/16/2022 (c)		28,319,000		28,329,228


				70,850,171


Electric Utilities — 1.4%

American Electric Power Co., Inc. Series M, 0.75%, 11/1/2023		9,684,000		9,482,446

Duke Energy Corp.

2.40%, 8/15/2022		29,257,000		29,415,603

3.05%, 8/15/2022		11,908,000		11,958,262

Emera US Finance LP (Canada) 0.83%, 6/15/2024		11,121,000		10,724,197

Entergy Corp. 4.00%, 7/15/2022		3,497,000		3,516,910

Entergy Louisiana LLC

0.62%, 11/17/2023		15,524,000		15,226,816

0.95%, 10/1/2024		20,815,000		20,203,170

Eversource Energy

2.80%, 5/1/2023		14,173,000		14,299,369

Series T, (SOFRINDX + 0.25%), 0.30%, 8/15/2023 (a) (c)		22,322,000		22,289,248

Series N, 3.80%, 12/1/2023		174,000		178,873

Florida Power & Light Co. (SOFRINDX + 0.38%), 0.43%, 1/12/2024 (c)		49,271,000		49,272,972

ITC Holdings Corp. 2.70%, 11/15/2022		18,617,000		18,772,980

NextEra Energy Capital Holdings, Inc.

(ICE LIBOR USD 3 Month + 0.27%), 0.75%, 2/22/2023 (c)		29,947,000		29,914,867

(SOFRINDX + 0.54%), 0.59%, 3/1/2023 (c)		2,905,000		2,911,432

0.65%, 3/1/2023		30,294,000		30,002,452


				268,169,597


Electrical Equipment — 0.0% (e)

ABB Finance USA, Inc. (Switzerland) 2.88%, 5/8/2022		1,400,000		1,404,130

Eaton Corp. 2.75%, 11/2/2022		4,062,000		4,101,350


				5,505,480


Electronic Equipment, Instruments & Components — 0.4%

TD SYNNEX Corp. 1.25%, 8/9/2024 (b)		42,522,000		41,267,147

Teledyne Technologies, Inc. 0.65%, 4/1/2023 (a)		39,910,000		39,395,397


				80,662,544


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Energy Equipment & Services — 0.0% (e)

Schlumberger Finance Canada Ltd. 2.65%, 11/20/2022 (b)		3,623,000		3,658,622


Entertainment — 0.2%

TWDC Enterprises 18 Corp. 2.35%, 12/1/2022		5,400,000		5,444,677

Walt Disney Co. (The)

1.65%, 9/1/2022		19,999,000		20,077,855

3.00%, 9/15/2022		5,500,000		5,558,470


				31,081,002


Food & Staples Retailing — 0.4%

7-Eleven, Inc. 0.63%, 2/10/2023 (b)		67,817,000		67,274,162

Kroger Co. (The) 2.80%, 8/1/2022 (a)		11,902,000		11,957,807


				79,231,969


Food Products — 0.3%

Bunge Ltd. Finance Corp. 3.00%, 9/25/2022		10,841,000		10,925,351

Conagra Brands, Inc. 0.50%, 8/11/2023		23,177,000		22,719,024

Mondelez International Holdings Netherlands BV 2.13%, 9/19/2022 (a) (b)		20,385,000		20,503,739

Mondelez International, Inc. 0.63%, 7/1/2022		7,039,000		7,026,650

Unilever Capital Corp. (United Kingdom) 3.00%, 3/7/2022		1,541,000		1,541,621


				62,716,385


Gas Utilities — 1.6%

Atmos Energy Corp.

(ICE LIBOR USD 3 Month + 0.38%), 0.58%, 3/9/2023 (c)		87,431,000		87,351,613

0.63%, 3/9/2023		55,468,000		54,840,450

CenterPoint Energy Resources Corp.

(ICE LIBOR USD 3 Month + 0.50%), 0.67%, 3/2/2023 (c)		16,053,000		16,053,193

0.70%, 3/2/2023		25,649,000		25,381,093

ONE Gas, Inc.

(ICE LIBOR USD 3 Month + 0.61%), 0.81%, 3/11/2023 (c)		30,397,000		30,398,317

0.85%, 3/11/2023		82,093,000		81,405,458

Southern Natural Gas Co. LLC 0.63%, 4/28/2023 (b)		4,600,000		4,530,469


				299,960,593


Health Care Equipment & Supplies — 0.0% (e)

Abbott Laboratories 2.55%, 3/15/2022		143,000		143,090


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Health Care Equipment & Supplies — continued

DH Europe Finance II SARL 2.05%, 11/15/2022		1,000,000		1,005,152


				1,148,242


Health Care Providers & Services — 1.1%

Aetna, Inc.

2.75%, 11/15/2022		17,364,000		17,474,524

2.80%, 6/15/2023		9,649,000		9,776,925

AmerisourceBergen Corp. 0.74%, 3/15/2023		41,011,000		40,677,922

Anthem, Inc.

3.13%, 5/15/2022		22,700,000		22,804,193

2.95%, 12/1/2022		6,928,000		7,006,680

3.30%, 1/15/2023		6,166,000		6,259,928

Cigna Corp. (ICE LIBOR USD 3 Month + 0.89%), 1.13%, 7/15/2023 (c)		14,963,000		15,107,372

CVS Health Corp. 2.75%, 12/1/2022		14,896,000		15,005,606

Humana, Inc.

3.15%, 12/1/2022		15,124,000		15,265,391

2.90%, 12/15/2022		21,770,000		21,982,774

0.65%, 8/3/2023 (a)		16,792,000		16,529,668

UnitedHealth Group, Inc.

2.88%, 3/15/2022 (a)		4,716,000		4,720,296

3.35%, 7/15/2022		2,251,000		2,269,961


				194,881,240


Hotels, Restaurants & Leisure — 0.2%

Booking Holdings, Inc. 2.75%, 3/15/2023		985,000		996,336

Starbucks Corp.

1.30%, 5/7/2022 (a)		10,231,000		10,236,364

2.70%, 6/15/2022 (a)		25,000,000		25,048,948


				36,281,648


Household Products — 0.3%

Church & Dwight Co., Inc. 2.45%, 8/1/2022		5,800,000		5,830,909

Reckitt Benckiser Treasury Services plc (United Kingdom) 2.38%, 6/24/2022 (b)		44,405,000		44,521,740


				50,352,649


Industrial Conglomerates — 0.1%

3M Co.

1.75%, 2/14/2023		205,000		205,931

2.25%, 3/15/2023		5,202,000		5,244,396


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Industrial Conglomerates — continued

Honeywell International, Inc.

2.15%, 8/8/2022 (a)		3,051,000		3,063,753

0.48%, 8/19/2022 (a)		4,401,000		4,395,307

Roper Technologies, Inc. 0.45%, 8/15/2022		5,216,000		5,198,424


				18,107,811


Insurance — 4.6%

Allstate Corp. (The) 3.15%, 6/15/2023		1,230,000		1,249,917

Athene Global Funding

(ICE LIBOR USD 3 Month + 1.23%), 1.44%, 7/1/2022 (b) (c)		1,945,000		1,950,805

3.00%, 7/1/2022 (b)		3,945,000		3,969,025

1.20%, 10/13/2023 (b)		32,955,000		32,508,205

0.95%, 1/8/2024 (b)		17,069,000		16,681,952

1.00%, 4/16/2024 (b)		21,061,000		20,505,929

(SOFR + 0.70%), 0.75%, 5/24/2024 (b) (c)		43,521,000		43,564,956

Brighthouse Financial Global Funding

0.60%, 6/28/2023 (b)		11,451,000		11,275,367

1.20%, 12/15/2023 (b)		23,953,000		23,522,079

1.00%, 4/12/2024 (b)		7,007,000		6,821,213

Equitable Financial Life Global Funding

(SOFR + 0.39%), 0.44%, 4/6/2023 (b) (c)		63,649,000		63,641,907

Guardian Life Global Funding

2.50%, 5/8/2022 (b)		5,994,000		6,002,872

3.40%, 4/25/2023 (b)		500,000		511,255

Jackson National Life Global Funding

2.50%, 6/27/2022 (b)		2,091,000		2,101,433

2.38%, 9/15/2022 (a) (b)		900,000		906,062

(SOFR + 0.60%), 0.65%, 1/6/2023 (b) (c)		22,504,000		22,542,682

3.25%, 1/30/2024 (b)		21,256,000		21,718,314

Marsh & McLennan Cos., Inc. 3.30%, 3/14/2023		234,000		237,654

MassMutual Global Funding II

(SOFR + 0.22%), 0.27%, 6/2/2023 (a) (b) (c)		110,062,000		110,034,101

0.85%, 6/9/2023 (b)		39,446,000		39,076,967

Met Tower Global Funding 0.55%, 7/13/2022 (a) (b)		35,928,000		35,893,763

Metropolitan Life Global Funding I

3.00%, 1/10/2023 (b)		243,000		246,644

0.90%, 6/8/2023 (b)		12,448,000		12,350,602


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Insurance — continued

New York Life Global Funding

2.30%, 6/10/2022 (b)		1,650,000		1,657,032

0.40%, 9/20/2022 (b)		52,840,000		52,694,344

1.10%, 5/5/2023 (b)		8,899,000		8,860,843

(SOFR + 0.19%), 0.24%, 6/30/2023 (b) (c)		38,671,000		38,621,319

Principal Life Global Funding II 1.25%, 5/11/2023 (b)		75,151,000		74,969,348

Protective Life Global Funding

0.33%, 12/9/2022 (b)		143,964,000		143,038,516

1.08%, 6/9/2023 (b)		8,062,000		8,004,507

Reliance Standard Life Global Funding II

2.63%, 7/22/2022 (b)		9,073,000		9,122,590

2.15%, 1/21/2023 (b)		9,976,000		10,023,134

2.50%, 10/30/2024 (b)		2,780,000		2,789,185

Suncorp-Metway Ltd. (Australia) 2.80%, 5/4/2022 (b)		145,000		145,530

Swiss Re Treasury U.S. Corp. (Switzerland) 2.88%, 12/6/2022 (b)		35,796,000		36,205,027


				863,445,079


IT Services — 0.0% (e)

International Business Machines Corp.

1.88%, 8/1/2022		1,775,000		1,781,367

2.88%, 11/9/2022		2,215,000		2,240,631

PayPal Holdings, Inc. 1.35%, 6/1/2023 (a)		2,528,000		2,519,998


				6,541,996


Life Sciences Tools & Services — 0.7%

Thermo Fisher Scientific, Inc. (SOFR + 0.35%), 0.40%, 4/18/2023 (c)		135,732,000		135,669,566


Metals & Mining —0.0% (e)

Glencore Funding LLC (Australia)

3.00%, 10/27/2022 (b)		490,000		494,272

4.13%, 5/30/2023 (b)		5,620,000		5,760,331


				6,254,603


Multi-Utilities — 0.6%

Berkshire Hathaway Energy Co. 3.75%, 11/15/2023		2,000,000		2,059,800

CenterPoint Energy, Inc. (SOFRINDX + 0.65%), 0.70%, 5/13/2024 (a) (c)		35,739,000		35,745,612


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Multi-Utilities — continued

Dominion Energy, Inc. Series D, (ICE LIBOR USD 3 Month + 0.53%), 0.73%, 9/15/2023 (c)		31,071,000		31,073,848

DTE Energy Co.

Series H, 0.55%, 11/1/2022		13,623,000		13,555,622

2.25%, 11/1/2022		1,600,000		1,609,586

Engie SA (France) 2.88%, 10/10/2022 (b)		3,700,000		3,727,743

WEC Energy Group, Inc. 0.55%, 9/15/2023		15,845,000		15,527,954


				103,300,165


Oil, Gas & Consumable Fuels — 1.0%

APT Pipelines Ltd. (Australia) 4.20%, 3/23/2025 (b)		12,446,000		12,948,509

Enbridge, Inc. (Canada) (SOFR + 0.40%), 0.45%, 2/17/2023 (c)		22,769,000		22,746,208

Equinor ASA (Norway) 2.45%, 1/17/2023		1,130,000		1,140,597

Exxon Mobil Corp.

1.90%, 8/16/2022		10,747,000		10,799,117

1.57%, 4/15/2023		48,100,000		48,197,704

Phillips 66 4.30%, 4/1/2022		534,000		535,424

Saudi Arabian Oil Co. (Saudi Arabia)

2.75%, 4/16/2022 (a) (b)		4,800,000		4,814,400

1.25%, 11/24/2023 (b)		8,000,000		7,900,000

Suncor Energy, Inc. (Canada) 2.80%, 5/15/2023 (a)		11,248,000		11,369,968

TransCanada PipeLines Ltd. (Canada)

2.50%, 8/1/2022		38,186,000		38,366,066

3.75%, 10/16/2023		25,013,000		25,634,777


				184,452,770


Pharmaceuticals — 0.8%

AstraZeneca plc (United Kingdom) 0.30%, 5/26/2023		105,787,000		104,284,610

Bristol-Myers Squibb Co.

3.25%, 8/15/2022		1,773,000		1,791,167

3.55%, 8/15/2022		503,000		508,621

3.25%, 2/20/2023		410,000		417,099

GlaxoSmithKline Capital plc (United Kingdom)

2.85%, 5/8/2022		15,098,000		15,144,108

2.88%, 6/1/2022		4,285,000		4,298,882

Pfizer, Inc. 2.80%, 3/11/2022		247,000		247,131

Takeda Pharmaceutical Co. Ltd. (Japan) 4.40%, 11/26/2023		1,125,000		1,167,799


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Pharmaceuticals — continued

Viatris, Inc. 1.13%, 6/22/2022		17,844,000		17,851,562

Zoetis, Inc. 3.25%, 2/1/2023		2,499,000		2,523,155


				148,234,134


Road & Rail — 0.8%

ERAC USA Finance LLC 3.30%, 10/15/2022 (b)		32,027,000		32,441,892

JB Hunt Transport Services, Inc.

3.30%, 8/15/2022		15,483,000		15,593,699

Penske Truck Leasing Co. LP

4.88%, 7/11/2022 (b)		45,535,000		46,107,072

4.25%, 1/17/2023 (b)		677,000		691,227

2.70%, 3/14/2023 (b)		6,781,000		6,849,716

4.13%, 8/1/2023 (b)		2,500,000		2,570,897

Ryder System, Inc.

2.88%, 6/1/2022		6,291,000		6,310,445

3.40%, 3/1/2023 (a)		5,740,000		5,832,248

SMBC Aviation Capital Finance DAC (Ireland) 3.00%, 7/15/2022 (b)		1,500,000		1,507,269

Triton Container International Ltd. (Bermuda) 0.80%, 8/1/2023 (b)		22,739,000		22,303,548

Union Pacific Corp.

2.75%, 4/15/2023		6,395,000		6,465,538

3.50%, 6/8/2023		1,540,000		1,575,987


				148,249,538


Semiconductors & Semiconductor Equipment — 0.2%

NVIDIA Corp. 0.31%, 6/15/2023		39,037,000		38,446,569


Software — 0.3%

Oracle Corp.

2.50%, 5/15/2022		6,980,000		6,987,481

2.50%, 10/15/2022		23,711,000		23,885,888

2.63%, 2/15/2023		4,361,000		4,389,603

VMware, Inc. 0.60%, 8/15/2023		25,574,000		25,109,443


				60,372,415


Specialty Retail — 0.0% (e)

AutoZone, Inc. 2.88%, 1/15/2023		5,100,000		5,140,189


Technology Hardware, Storage & Peripherals — 0.1%

Apple, Inc. 1.70%, 9/11/2022 (a)		21,091,000		21,189,055


Thrifts & Mortgage Finance — 1.0%

BPCE SA (France)

(ICE LIBOR USD 3 Month + 1.22%), 1.70%, 5/22/2022 (b) (c)		2,490,000		2,495,631

3.00%, 5/22/2022 (b)		20,647,000		20,722,152

(ICE LIBOR USD 1 Month + 0.88%), 1.05%, 5/31/2022 (c)		27,250,000		27,289,083


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Thrifts & Mortgage Finance — continued

2.75%, 1/11/2023 (b)		5,000,000		5,054,932

4.00%, 9/12/2023 (b)		7,166,000		7,363,539

Nationwide Building Society (United Kingdom)

2.00%, 1/27/2023 (b)		56,360,000		56,554,797

(ICE LIBOR USD 3 Month + 1.18%), 3.62%, 4/26/2023 (b) (c)		55,942,000		56,104,201

0.55%, 1/22/2024 (a) (b)		16,668,000		16,200,144


				191,784,479


Tobacco — 0.4%

Altria Group, Inc. 2.95%, 5/2/2023 (a)		195,000		197,319

BAT Capital Corp. (United Kingdom)

(ICE LIBOR USD 3 Month + 0.88%), 1.39%, 8/15/2022 (c)		17,502,000		17,536,648

Philip Morris International, Inc.

2.38%, 8/17/2022		11,000,000		11,056,706

2.50%, 8/22/2022		160,000		161,125

2.50%, 11/2/2022		2,620,000		2,640,062

Reynolds American, Inc. (United Kingdom) 4.85%, 9/15/2023		45,368,000		47,245,888


				78,837,748


Trading Companies & Distributors — 0.1%

Air Lease Corp. (ICE LIBOR USD 3 Month + 0.35%), 0.55%, 12/15/2022 (c)		13,922,000		13,914,187


Wireless Telecommunication Services — 0.2%

Rogers Communications, Inc. (Canada) (ICE LIBOR USD 3 Month + 0.60%), 0.81%, 3/22/2022 (a) (c)		33,751,000		33,756,362

Vodafone Group plc (United Kingdom) 2.50%, 9/26/2022		150,000		150,997


				33,907,359


Total Corporate Bonds (Cost $10,210,108,409)				10,140,967,514

Asset-Backed Securities — 11.4%

522 Funding CLO Ltd. (Cayman Islands) Series 2019-4A, Class AR, 1.33%, 4/20/2030 (b) (f)		50,000,000		49,968,700

Aimco CLO Ltd. (Cayman Islands)

Series 2020-12A, Class XR, 1.08%, 1/17/2032 (b) (f)		3,800,000		3,800,000

Series 2020-12A, Class AR, 1.40%, 1/17/2032 (b) (f)		22,189,000		22,123,587


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Asset-Backed Securities — continued

AIMCO CLO Ltd. (Cayman Islands) Series 2019-10A, Class AR, 1.32%, 7/22/2032 (b) (f)		5,000,000		4,983,510

Anchorage Capital CLO Ltd. (Cayman Islands)

Series 2016-9A, Class XR, 1.19%, 7/15/2032 (b) (f)		1,250,000		1,250,439

Series 2016-9A, Class AR2, 1.38%, 7/15/2032 (b) (f)		12,000,000		11,996,964

Apidos CLO (Cayman Islands)

Series 2016-24A, Class A1AL, 1.20%, 10/20/2030 (b) (f)		35,000,000		34,858,740

Series 2019-31A, Class A1R, 1.34%, 4/15/2031 (b) (f)		28,565,000		28,490,874

Ares CLO Ltd. (Cayman Islands) Series 2013-2A, Class XR2, 1.23%, 10/28/2034 (b) (f)		4,750,000		4,749,990

Atlas Senior Loan Fund (Cayman Islands) Series 2019-13A, Class A1NR, 1.34%, 4/22/2031 (b) (f)		24,675,000		24,609,661

Atlas Senior Loan Fund Ltd. (Cayman Islands) Series 2021-18A, Class X, 1.09%, 1/18/2035 ‡ (b) (f)		2,000,000		2,001,154

Avery Point CLO Ltd. (Cayman Islands)

Series 2015-6A, Class AR2, 1.22%, 8/5/2027 (b) (f)		39,102,540		38,940,264

Series 2015-7A, Class AR2, 1.20%, 1/15/2028 (b) (f)		23,401,552		23,394,508

Bain Capital Credit CLO (Cayman Islands) Series 2019-1A, Class X, 1.08%, 4/19/2034 (b) (f)		5,100,000		5,096,593

Bain Capital Credit CLO Ltd. (Cayman Islands) Series 2016-2A, Class ARR, 1.21%, 1/15/2029 (b) (f)		38,219,950		38,136,975

Ballyrock CLO Ltd. (Cayman Islands)

Series 2020-2A, Class A1R, 1.26%, 10/20/2031 (b) (f)		20,955,000		20,900,056

Series 2019-1A, Class A1R, 1.27%, 7/15/2032 (b) (f)		42,764,000		42,614,625

Barings CLO Ltd. (Cayman Islands) Series 2013-IA, Class AR, 1.05%, 1/20/2028 (b) (f)		30,552,077		30,536,037

Benefit Street Partners CLO Ltd. (Cayman Islands)

Series 2013-IIA, Class A1R2, 1.11%, 7/15/2029 (b) (f)		20,589,672		20,578,636

Series 2013-IIIA, Class A1R2, 1.25%, 7/20/2029 (b) (f)		40,207,036		40,157,622

Series 2016-10A, Class X, 0.85%, 4/20/2034 (b) (f)		925,000		924,530


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Series 2015-6BR, Class X, 0.95%, 7/20/2034 (b) (f)		2,400,000		2,398,913

BMW Vehicle Lease Trust Series 2021-2, Class A2, 0.19%, 11/27/2023		65,168,951		64,964,086

BSPRT Issuer Ltd. (Cayman Islands) Series 2021-FL7, Class A, 1.51%, 12/15/2038 (b) (f)		19,132,500		19,025,760

Buckhorn Park CLO Ltd. (Cayman Islands) Series 2019-1A, Class XR, 0.89%, 7/18/2034 (b) (f)		4,166,666		4,166,658

Capital One Prime Auto Receivables Trust Series 2020-1, Class A3, 1.60%, 11/15/2024		11,600,235		11,619,448

CarMax Auto Owner Trust

Series 2020-4, Class A2, 0.31%, 1/16/2024		9,844,555		9,837,877

Series 2018-3, Class A4, 3.27%, 3/15/2024		15,600,000		15,704,199

Series 2021-2, Class A2A, 0.27%, 6/17/2024		20,113,513		20,075,472

Series 2021-4, Class A2A, 0.24%, 11/15/2024		47,325,239		47,098,310

Carvana Auto Receivables Trust

Series 2021-P3, Class A2, 0.38%, 1/10/2025		54,591,978		54,134,055

Series 2021-P4, Class A2, 0.82%, 4/10/2025		23,277,000		23,049,896

CBAM Ltd. (Cayman Islands) Series 2017-2A, Class XR, 0.94%, 7/17/2034 (b) (f)		3,750,000		3,749,992

CIFC Funding Ltd. (Cayman Islands) Series 2017-5A, Class A1, 1.42%, 11/16/2030 (b) (f)		36,840,000		36,789,603

Cloud Pass-Through Trust Series 2019-1A, Class CLOU, 3.55%, 12/5/2022 (b) (f)		294,095		294,724

Dell Equipment Finance Trust Series 2021-2, Class A2, 0.33%, 12/22/2026 (b)		31,903,000		31,538,065

Drive Auto Receivables Trust Series 2021-2, Class A2, 0.36%, 5/15/2024		40,507,135		40,434,777

Dryden Senior Loan Fund (Cayman Islands)

Series 2017-47A, Class A1R, 1.22%, 4/15/2028 (b) (f)		30,000,000		29,946,780

Series 2014-36A, Class AR3, 1.26%, 4/15/2029 (b) (f)		44,340,078		44,295,384

Elmwood CLO Ltd. (Cayman Islands) Series 2021-3A, Class A, 1.29%, 10/20/2034 (b) (f)		30,000,000		29,748,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Asset-Backed Securities — continued

Exeter Automobile Receivables Trust

Series 2021-2A, Class A2, 0.27%, 1/16/2024		2,941,409		2,940,968

Series 2021-1A, Class A3, 0.34%, 3/15/2024		439,646		439,537

Series 2021-2A, Class A3, 0.30%, 10/15/2024		10,937,000		10,916,814

Series 2021-3A, Class A3, 0.35%, 2/18/2025		24,529,000		24,404,297

Ford Credit Auto Owner Trust Series 2020-C, Class A2, 0.25%, 10/15/2023		11,523,735		11,512,984

Galaxy CLO Ltd. (Cayman Islands)

Series 2013-15A, Class ARR, 1.21%, 10/15/2030 (b) (f)		22,560,000		22,494,147

Series 2016-22A, Class XRR, 1.14%, 4/16/2034 (b) (f)		3,578,947		3,576,560

GM Financial Consumer Automobile Receivables Trust

Series 2020-4, Class A2, 0.26%, 11/16/2023		1,038,615		1,038,243

Series 2022-1, Class A2, 0.76%, 2/18/2025		28,669,000		28,521,535

Goldentree Loan Management US CLO Ltd. (Cayman Islands) Series 2020-7A, Class XR, 0.75%, 4/20/2034 (b) (f)		3,125,000		3,124,997

Harriman Park CLO Ltd. (Cayman Islands) Series 2020-1A, Class XR, 0.85%, 4/20/2034 (b) (f)		3,749,999		3,746,932

Hyundai Auto Receivables Trust Series 2020-C, Class A2, 0.26%, 9/15/2023		15,904,970		15,896,124

ICG US CLO Ltd. (Cayman Islands) Series 2016-1A, Class XRR, 1.20%, 4/29/2034 (b) (f)		3,368,422		3,366,236

KKR CLO Ltd. (Cayman Islands)

Series 13, Class A1R, 1.04%, 1/16/2028 (b) (f)		4,402,891		4,392,012

Series 28A, Class A, 1.34%, 3/15/2031 (b) (f)		12,379,544		12,351,121

Series 32A, Class A1, 1.56%, 1/15/2032 (b) (f)		18,000,000		17,995,428

Series 24, Class A1R, 1.33%, 4/20/2032 (b) (f)		20,000,000		19,913,700

Series 16, Class X, 1.00%, 10/20/2034 (b) (f)		6,125,000		6,122,372

LCM LP (Cayman Islands)

Series 20A, Class AR, 1.29%, 10/20/2027 (b) (f)		10,177,930		10,175,355


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Series 14A, Class AR, 1.29%, 7/20/2031 (b) (f)		12,980,000		12,969,590

LCM Ltd. (Cayman Islands)

Series 24A, Class AR, 1.23%, 3/20/2030 (b) (f)		32,944,000		32,902,227

Series 25A, Class AR, 1.53%, 7/20/2030 (b) (f)		30,000,000		29,911,560

Series 29A, Class AR, 1.31%, 4/15/2031 (b) (f)		20,000,000		19,948,600

LMREC LLC Series 2021-CRE4, Class A, 1.24%, 4/22/2037 (b) (f)		29,419,000		29,352,754

Longfellow Place CLO Ltd. (Cayman Islands) Series 2013-1A, Class AR3, 1.24%, 4/15/2029 (b) (f)		12,326,689		12,321,130

Madison Park Funding Ltd. (Cayman Islands) Series 2019-36A, Class X, 0.00%, 4/15/2035 (b) (f) (g)		2,000,000		2,000,000

Magnetite Ltd. (Cayman Islands)

Series 2012-7A, Class A1R2, 1.04%, 1/15/2028 (b) (f)		28,711,654		28,717,339

Series 2016-18A, Class AR2, 1.39%, 11/15/2028 (b) (f)		9,939,873		9,922,756

Series 2020-25A, Class A, 1.46%, 1/25/2032 (b) (f)		20,250,000		20,164,768

Series 2017-19A, Class X, 0.94%, 4/17/2034 (b) (f)		5,000,000		4,999,990

Marathon CLO Ltd. (Cayman Islands) Series 2019-1A, Class AANR, 1.56%, 4/15/2032 (b) (f)		35,000,000		34,965,910

Marlette Funding Trust Series 2022-1A, Class A, 1.36%, 4/15/2032 (b)		5,400,000		5,395,939

MP CLO III Ltd. (Cayman Islands) Series 2013-1A, Class AR, 1.50%, 10/20/2030 (b) (f)		9,000,000		8,979,615

Neuberger Berman CLO (Cayman Islands) Series 2013-15A, Class A1R2, 1.16%, 10/15/2029 (b) (f)		23,449,666		23,384,546

Neuberger Berman CLO Ltd. (Cayman Islands)

Series 2013-14A, Class AR2, 1.31%, 1/28/2030 (b) (f)		16,000,000		15,977,008

Series 2017-16SA, Class XR, 1.04%, 4/15/2034 (b) (f)		5,000,000		4,999,990

Neuberger Berman Loan Advisers CLO Ltd. (Cayman Islands)

Series 2017-26A, Class AR, 1.16%, 10/18/2030 (b) (f)		38,286,000		38,194,343

Series 2020-37A, Class AR, 1.22%, 7/20/2031 (b) (f)		24,247,000		24,192,493


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Asset-Backed Securities — continued

Newark BSL CLO 2 Ltd. (Cayman Islands) Series 2017-1A, Class A1R, 1.23%, 7/25/2030 (b) (f)		30,619,000		30,568,326

Newark BSL CLO Ltd. (Cayman Islands) Series 2016-1A, Class A1R, 1.37%, 12/21/2029 (b) (f)		32,778,479		32,724,329

OCP CLO Ltd. (Cayman Islands)

Series 2016-12A, Class A1R, 1.36%, 10/18/2028 (b) (f)		716,318		716,139

Series 2020-8RA, Class A1, 1.46%, 1/17/2032 (b) (f)		35,000,000		34,936,440

Series 2019-17A, Class A1R, 1.29%, 7/20/2032 (b) (f)		25,500,000		25,400,371

Series 2015-9A, Class X, 0.00%, 1/15/2033 (b) (f) (g)		4,000,000		3,999,864

Series 2020-19A, Class XR, 0.95%, 10/20/2034 (b) (f)		937,500		937,356

Octagon Investment Partners 30 Ltd. (Cayman Islands) Series 2017-1A, Class A1R, 1.25%, 3/17/2030 (b) (f)		35,000,000		34,944,980

OHA Credit Funding 7 Ltd. (Cayman Islands) Series 2020-7A, Class XR, 1.09%, 2/24/2037 (b) (f)		1,250,000		1,249,957

OHA Credit Partners Ltd. (Cayman Islands) Series 2016-13A, Class XR, 1.11%, 10/25/2034 (b) (f)		1,875,000		1,874,996

Palmer Square Loan Funding Ltd. (Cayman Islands)

Series 2019-2A, Class A1, 1.22%, 4/20/2027 (b) (f)		2,727,958		2,727,271

Series 2019-4A, Class A1, 1.16%, 10/24/2027 (b) (f)		11,154,897		11,118,554

Series 2020-1A, Class A1, 1.28%, 2/20/2028 (b) (f)		6,987,225		6,985,548

Series 2020-2A, Class A1, 1.25%, 4/20/2028 (b) (f)		9,141,943		9,135,343

Series 2020-4A, Class A1, 1.50%, 11/25/2028 (b) (f)		36,446,914		36,423,041

Series 2021-1A, Class A1, 1.15%, 4/20/2029 (b) (f)		34,615,199		34,586,192

Series 2021-2A, Class A1, 1.28%, 5/20/2029 (b) (f)		30,956,892		30,876,868

Series 2021-3A, Class A1, 1.05%, 7/20/2029 (b) (f)		24,789,843		24,736,768

Series 2021-4A, Class A1, 0.92%, 10/15/2029 (b) (f)		40,000,000		39,933,200

Series 2022-1A, Class A1, 1.28%, 4/15/2030 (b) (f)		15,000,000		14,959,530


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Santander Drive Auto Receivables Trust

Series 2021-2, Class A2, 0.28%, 4/15/2024		5,727,418		5,726,255

Series 2021-2, Class A3, 0.34%, 2/18/2025		14,986,000		14,937,071

Sculptor CLO Ltd. (Cayman Islands) Series 27A, Class X, 1.30%, 7/20/2034 (b) (f)		4,000,000		3,999,988

Sound Point CLO II Ltd. (Cayman Islands) Series 2013-1A, Class A1R, 1.34%, 1/26/2031 (b) (f)		2,430,000		2,406,125

Sound Point CLO Ltd. (Cayman Islands)

Series 2018-2A, Class A, 1.37%, 7/26/2031 (b) (f)		11,000,000		10,971,972

Series 2019-1A, Class AR, 1.33%, 1/20/2032 (b) (f)		19,268,000		19,208,635

Southwick Park CLO LLC (Cayman Islands) Series 2019-4A, Class A1R, 1.31%, 7/20/2032 (b) (f)		15,000,000		14,985,345

Symphony CLO Ltd. (Cayman Islands)

Series 2014-14A, Class AR, 1.19%, 7/14/2026 (b) (f)		8,432,529		8,432,630

Series 2018-20A, Class X, 1.24%, 1/16/2032 (b) (f)		1,000,000		1,000,000

Series 2020-24A, Class A, 1.46%, 1/23/2032 (b) (f)		28,550,000		28,495,726

Symphony Static CLO Ltd. (Cayman Islands) Series 2021-1A, Class A, 0.96%, 10/25/2029 (b) (f)		31,500,000		31,413,469

TCI-Symphony CLO Ltd. (Cayman Islands) Series 2017-1A, Class AR, 1.17%, 7/15/2030 (b) (f)		20,000,000		19,959,040

Tesla Auto Lease Trust Series 2020-A, Class A3, 0.68%, 12/20/2023 (b)		5,184,000		5,162,157

Treman Park CLO Ltd. (Cayman Islands) Series 2015-1A, Class ARR, 1.32%, 10/20/2028 (b) (f)		10,880,777		10,875,685

Venture CLO Ltd. (Cayman Islands)

Series 2016-25A, Class ARR, 1.27%, 4/20/2029 (b) (f)		1,655,221		1,653,124

Series 2018-33A, Class A1LR, 1.30%, 7/15/2031 (b) (f)		31,836,000		31,749,565

Series 2019-36A, Class XR, 0.95%, 4/20/2032 (b) (f)		4,125,000		4,123,029

Series 2021-43A, Class X, 1.29%, 4/15/2034 (b) (f)		5,000,000		4,996,070

Westlake Automobile Receivables Trust Series 2021-3A, Class A2, 0.57%, 9/16/2024 (b)		6,007,000		5,979,915


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Asset-Backed Securities — continued

Wind River CLO Ltd. (Cayman Islands) Series 2016-1A, Class AR, 1.29%, 7/15/2028 (b) (f)		5,990,282		5,988,623

World Omni Select Auto Trust Series 2021-A, Class A2, 0.29%, 2/18/2025		25,688,583		25,581,194


Total Asset-Backed Securities (Cost $2,142,309,972)				2,137,696,075

Commercial Mortgage-Backed Securities — 1.9%

ACRE Commercial Mortgage Ltd. (Cayman Islands) Series 2021-FL4, Class A, 0.97%, 12/18/2037 (b) (f)		8,017,292		7,969,004

Benchmark Mortgage Trust

Series 2018-B3, Class A2, 3.85%, 4/10/2051		4,018,395		4,061,251

Series 2018-B5, Class A2, 4.08%, 7/15/2051		5,000,000		5,088,043

BX Commercial Mortgage Trust

Series 2021-VOLT, Class A, 0.89%, 9/15/2036 (b) (f)		13,404,255		13,017,662

Series 2020-VKNG, Class A, 1.12%, 10/15/2037 (b) (f)		26,133,222		25,952,336

Series 2021-SOAR, Class A, 0.86%, 6/15/2038 (b) (f)		23,686,305		23,152,548

Series 2022-LP2, Class A, 1.06%, 2/15/2039 (b) (f)		25,000,000		24,749,730

BX Trust Series 2021-LBA, Class AJV, 0.99%, 2/15/2036 (b) (f)		39,712,098		38,729,700

BXMT Ltd. (Cayman Islands) Series 2020-FL3, Class A, 1.56%, 11/15/2037 (b) (f)		45,000,000		44,999,910

Citigroup Commercial Mortgage Trust

Series 2014-GC25, Class B, 4.34%, 10/10/2047 ‡ (f)		8,626,000		8,840,307

Series 2018-B2, Class A2, 3.79%, 3/10/2051		6,000,000		6,075,904

Credit Suisse Mortgage Capital Certificates Series 2019-ICE4, Class A, 1.17%, 5/15/2036 (b) (f)		28,000,000		27,775,157

DBGS Mortgage Trust Series 2018-BIOD, Class A, 0.93%, 5/15/2035 (b) (f)		26,339,210		26,140,899

GS Mortgage Securities Corp. Trust Series 2021-RENT, Class A, 0.86%, 11/21/2035 (b) (f)		4,948,778		4,893,104

Independence Plaza Trust Series 2018-INDP, Class A, 3.76%, 7/10/2035 (b)		10,000,000		10,110,593


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


KNDL Mortgage Trust Series 2019-KNSQ, Class A, 0.99%, 5/15/2036 (b) (f)		5,600,000		5,547,283

Morgan Stanley Bank of America Merrill Lynch Trust Series 2013-C8, Class A3, 2.86%, 12/15/2048		6,492,441		6,494,804

Morgan Stanley Capital I Trust Series 2018-H3, Class A2, 4.00%, 7/15/2051		3,547,450		3,614,694

SREIT Trust Series 2021-MFP, Class A, 0.92%, 11/15/2038 (b) (f)		6,000,000		5,879,839

UBS Commercial Mortgage Trust

Series 2018-C8, Class A2, 3.71%, 2/15/2051		6,551,457		6,622,125

Series 2018-C11, Class A2, 3.99%, 6/15/2051		1,948,040		1,971,708

Wells Fargo Commercial Mortgage Trust

Series 2021-SAVE, Class A, 1.34%, 2/15/2040 (b) (f)		31,490,985		31,214,686

Series 2018-C46, Class A2, 4.06%, 8/15/2051		11,026,191		11,186,281

WFRBS Commercial Mortgage Trust

Series 2013-UBS1, Class AS, 4.31%, 3/15/2046 (f)		6,584,641		6,767,397

Series 2014-C22, Class AS, 4.07%, 9/15/2057 (f)		6,901,000		7,095,625


Total Commercial Mortgage-Backed Securities (Cost $363,377,207)				357,950,590

Foreign Government Securities — 0.2%

Svensk Exportkredit AB (Sweden)

(SOFRINDX + 1.00%), 1.05%, 5/25/2023 (c) (Cost $28,680,216)		28,420,000		28,721,031

Short-Term Investments — 32.3%

Certificates of Deposit — 2.7%

Bank of Montreal (Canada)

0.20%, 8/19/2022		47,336,000		47,213,001

0.40%, 11/18/2022		55,800,000		55,567,623

Credit Suisse AG (Switzerland) 1.10%, 2/3/2023		100,098,000		99,969,132

Natixis SA (France) 0.62%, 1/4/2023		121,995,000		121,388,681

Shinhan Bank (South Korea) 0.80%, 8/12/2022		42,500,000		42,507,702

Sumitomo Mitsui Banking Corp. (Japan)

(SOFR + 0.18%), 0.23%, 8/2/2022 (c)		23,400,000		23,399,295


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Short-Term Investments — continued

Certificates of Deposit — continued

Toronto-Dominion Bank (The) (Canada) 0.73%, 1/13/2023		75,150,000		74,831,055

UBS AG (Switzerland) 0.46%, 12/2/2022		40,092,000		40,040,612


Total Certificates of Deposit (Cost $506,371,000)				504,917,101


Commercial Paper — 11.6%

Albemarle Corp. 0.50%, 3/16/2022 (b) (h)		45,000,000		44,992,660

American Electric Power Co., Inc.

0.47%, 3/1/2022 (b) (h)		6,500,000		6,499,960

0.80%, 4/27/2022 (b) (h)		8,474,000		8,465,303

0.80%, 4/29/2022 (b) (h)		66,200,000		66,128,284

AT&T, Inc. 0.54%, 6/14/2022 (b) (h)		65,100,000		64,937,069

Banco del Estado de Chile (Chile) 0.25%, 8/8/2022 (b) (h)		40,000,000		39,859,930

Bank of Montreal (Canada) 0.67%, 1/5/2023 (h)		31,950,000		31,647,638

BAT International Finance plc (United Kingdom) 0.60%, 7/13/2022 (b) (h)		25,000,000		24,916,094

Charles Schwab Corp. (The) 0.70%, 8/9/2022 (b) (h)		67,609,000		67,375,952

Cigna Corp. 0.80%, 4/29/2022 (b) (h)		59,280,000		59,215,780

Credit Industriel et Commercial (France) 0.24%, 3/31/2022 (b) (h)		1,500,000		1,499,814

Crown Castle International Corp. 0.60%, 3/15/2022 (b) (h)		45,000,000		44,990,625

Enbridge US, Inc.

0.45%, 3/17/2022 (b) (h)		7,514,000		7,512,329

0.55%, 3/21/2022 (b) (h)		34,000,000		33,990,202

0.50%, 3/25/2022 (b) (h)		4,273,000		4,271,406

0.45%, 3/29/2022 (b) (h)		15,000,000		14,993,004

0.31%, 4/4/2022 (b) (h)		54,904,000		54,871,172

Enel Finance America LLC

0.33%, 5/19/2022 (b) (h)		8,500,000		8,486,211

0.40%, 9/29/2022 (b) (h)		16,093,000		15,980,644

0.40%, 10/3/2022 (b) (h)		16,338,000		16,220,511

1.01%, 1/20/2023 (b) (h)		6,543,000		6,454,598

1.01%, 1/24/2023 (b) (h)		96,810,000		95,477,975

Eni Finance USA, Inc. (Italy) 0.45%, 3/4/2022 (b) (h)		27,290,000		27,289,697

Enterprise Products Operating LLC

0.40%, 3/21/2022 (b) (h)		98,300,000		98,280,504

0.40%, 3/22/2022 (b) (h)		18,042,000		18,038,119


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Commercial Paper — continued

First Abu Dhabi Bank PJSC (United Arab Emirates) 0.25%, 6/29/2022 (b) (h)		169,935,000		169,584,302

Fortive Corp.

0.60%, 3/29/2022 (b) (h)		39,316,000		39,302,128

0.60%, 3/30/2022 (b) (h)		33,862,000		33,849,302

HSBC USA, Inc.

0.29%, 8/1/2022 (b) (h)		1,000,000		996,240

0.84%, 1/6/2023 (b) (h)		14,000,000		13,838,990

Mitsubishi HC Capital America, Inc. (Japan) 0.65%, 3/21/2022 (h)		12,947,000		12,944,055

National Bank of Canada (Canada) 0.33%, 11/9/2022 (b) (h)		49,900,000		49,564,123

National Grid North America, Inc. 0.32%, 3/2/2022 (b) (h)		27,684,000		27,683,657

Northrop Grumman Corp. 0.44%, 3/24/2022 (h)		59,305,000		59,290,095

Nutrien Ltd. (Canada) 0.60%, 4/19/2022 (b) (h)		32,756,000		32,728,248

Royal Bank of Canada (Canada)

0.25%, 10/11/2022 (b) (h)		184,382,000		183,390,946

0.40%, 11/15/2022 (b) (h)		52,500,000		52,136,758

0.83%, 1/20/2023 (b) (h)		44,300,000		43,843,880

Sherwin-Williams Co. (The) 0.40%, 3/23/2022 (b) (h)		42,354,000		42,347,316

Societe Generale SA (France) 0.63%, 1/4/2023 (b) (h)		100,500,000		99,503,040

Standard Chartered Bank (United Kingdom) 0.27%, 10/14/2022 (b) (h)		67,223,000		66,778,096

Svenska Handelsbanken AB (Sweden)

0.40%, 8/12/2022 (b) (h)		75,826,000		75,565,348

0.81%, 1/18/2023 (b) (h)		86,648,000		85,705,963

Verizon Communications, Inc. 0.60%, 5/4/2022 (b) (h)		50,000,000		49,939,243

Westpac Securities NZ Ltd. (New Zealand)

0.25%, 10/7/2022 (b) (h)		82,043,000		81,565,537

0.52%, 11/25/2022 (b) (h)		79,320,000		78,686,431


Total Commercial Paper (Cost $2,166,014,877)				2,161,639,179


	SHARES

Investment Companies — 17.3%

JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03% (i) (j) (Cost $3,227,762,466)		3,227,762,466		3,227,762,466


INVESTMENTS	SHARES		VALUE ($)
Short-Term Investments — continued

Investment of Cash Collateral from Securities Loaned — 0.2%

JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 0.10% (i) (j)		36,726,979		36,712,288

JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03% (i) (j)		5,092,765		5,092,765


Total Investment of Cash Collateral from Securities Loaned (Cost $41,810,598)				41,805,053


	PRINCIPAL AMOUNT ($)

Repurchase Agreements — 0.5%

Wells Fargo Securities LLC, 0.66%, dated 2/28/2022, due 6/21/2022, repurchase price $100,207,167, collateralized by Asset-Backed Securities, 0.00% — 6.50%, due 4/1/2024 — 1/25/2059, with the value of $110,365,017. (Cost $100,000,000)		100,000,000		100,000,000

Total Short-Term Investments (Cost $6,041,958,941)				6,036,123,799


Total Investments — 100.1% (Cost $18,786,434,745)				18,701,459,009

Liabilities in Excess of Other Assets — (0.1)%				(15,284,529)


NET ASSETS — 100.0%				18,686,174,480

Percentages indicated are based on net assets.

Abbreviations


CIFC		Commercial Industrial Finance Corp.
CLO		Collateralized Loan Obligations
ICE		Intercontinental Exchange
LIBOR		London Interbank Offered Rate
PJSC		Public Joint Stock Company
SOFR		Secured Overnight Financing Rate
SOFRINDX		Compounding index of the Secured Overnight Financing Rate
USD		United States Dollar

(a)		The security or a portion of this security is on loan at February 28, 2022. The total value of securities on loan at February 28, 2022 is $39,862,079.
(b)		Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended.
(c)		Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of February 28, 2022.
(d)		Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown is the current rate as of February 28, 2022.
(e)		Amount rounds to less than 0.1% of net assets.
(f)		Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of February 28, 2022.
(g)		All or a portion of the security is a when-issued security, delayed delivery security, or forward commitment.
(h)		The rate shown is the effective yield as of February 28, 2022.
(i)		Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.
(j)		The rate shown is the current yield as of February 28, 2022.
‡		Value determined using significant unobservable inputs.


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — 91.5% (a)

Alabama — 1.1%

Alabama Community College System, H. Council Trenholm State Rev., 3.00%, 8/1/2022		25,000		25,233

Alabama Drinking Water Finance Authority, Revolving Fund Loan

Series 2015A, Rev., 5.00%, 8/15/2022		50,000		50,993

Series 2013-A, Rev., 3.00%, 8/15/2023		50,000		51,382

Alabama Federal Aid Highway Finance Authority

Series 2012A, Rev., GAN, 5.00%, 9/1/2022 (b)		160,000		163,439

Series A, Rev., 5.00%, 9/1/2022 (b)		160,000		163,439

Rev., 5.00%, 9/1/2023 (b)		130,000		137,669

Series A, Rev., 5.00%, 9/1/2023 (b)		90,000		95,310

Series B, Rev., 5.00%, 9/1/2023 (b)		25,000		26,475

Alabama Highway Finance Corp., Special Obligation Series 2020A, Rev., 5.00%, 8/1/2023		75,000		79,239

Alabama Incentives Financing Authority, Special Obligation

Series 2012-A, Rev., 3.75%, 9/1/2022 (b)		80,000		81,160

Series 2012-A, Rev., 5.00%, 9/1/2022 (b)		100,000		102,073

Alabama Public Health Care Authority (The), Publica Health Facilities

Rev., 5.00%, 9/1/2022		35,000		35,733

Rev., 5.00%, 9/1/2023		100,000		105,838

Alabama Public School and College Authority, Capital Improvement

Rev., 5.00%, 3/1/2022		350,000		350,000

Series 2015A, Rev., 5.00%, 5/1/2022		160,000		161,171

Series 2015B, Rev., 5.00%, 5/1/2022		20,000		20,146

Series 2015C, Rev., 5.00%, 6/1/2022		100,000		101,095

Series C, Rev., 5.00%, 9/1/2022		360,000		367,701

Series 2020A, Rev., 5.00%, 11/1/2022		215,000		221,023

Series 2014-B, Rev., 5.00%, 1/1/2023		230,000		237,959

Series 2014-A, Rev., 5.00%, 2/1/2023		20,000		20,751

Series 2012B, Rev., 3.00%, 3/1/2023		40,000		40,068


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Alabama — continued

Series 2013-C, Rev., 5.00%, 9/1/2023		100,000		105,869

Series 2013A, Rev., 3.25%, 6/1/2024		40,000		40,983

Series 2014-B, Rev., 5.00%, 1/1/2025		75,000		81,412

Alabama Public School and College Authority, Tax-Exempt Series 2012A, Rev., 5.00%, 3/1/2022		30,000		30,000

Alabama Special Care Facilities Financing Authority-Birmingham, Ascension Senior Credit Group Series 2006C-1, Rev., 1.85%, 11/1/2022 (c)		1,025,000		1,032,177

Alabama Special Care Facilities Financing Authority-Birmingham, Children’s Hospital Health Care Facility Rev., 5.00%, 6/1/2023		1,105,000		1,159,390

Auburn University, General Fee

Series 2015B, Rev., 4.00%, 6/1/2022		50,000		50,425

Series 2012A, Rev., 5.00%, 6/1/2022 (b)		255,000		257,805

Series 2015A, Rev., 5.00%, 6/1/2022		25,000		25,274

Series 2016A, Rev., 5.00%, 6/1/2022		80,000		80,878

Series 2020A, Rev., 5.00%, 6/1/2022		90,000		90,988

Series 2020A, Rev., 5.00%, 6/1/2023		10,000		10,500

Auburn Water Works Board Series 2020A, Rev., 3.00%, 9/1/2022		345,000		348,875

Autauga County Board of Education Rev., 5.00%, 4/1/2024		30,000		32,277

Baldwin County Board of Education, School Warrants

Rev., 3.13%, 6/1/2022 (b)		40,000		40,249

Rev., 5.00%, 6/1/2022 (b)		80,000		80,870

Rev., 5.00%, 6/1/2023		60,000		63,022

Birmingham-Jefferson Civic Center Authority, Capital Appreciation NATL-RE, Zero Coupon, 9/1/2022 (b)		90,000		89,624

Black Belt Energy Gas District, Gas Prepay Series 2018A, Rev., 4.00%, 12/1/2023 (c)		245,000		254,474

Black Belt Energy Gas District, Gas Project No. 4 Series 2019A-1, Rev., 4.00%, 6/1/2022		25,000		25,189


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Alabama — continued

Black Belt Energy Gas District, Gas Project No. 6 Series 2021B, Rev., 4.00%, 12/1/2026 (c)		60,000		64,724

Black Belt Energy Gas District, Gas Project No. 7

Series 2021C-1, Rev., 4.00%, 12/1/2023		2,300,000		2,394,229

Series 2021C-1, Rev., 4.00%, 12/1/2026 (c)		9,750,000		10,517,728

Board of Water and Sewer Commissioners of the City of Mobile Rev., 5.00%, 1/1/2027		160,000		165,333

Cherokee County Water and Sewer Authority Rev., 2.00%, 4/1/2023		165,000		166,467

City of Albertville, Tax Exempt Series 2018A, GO, 3.75%, 6/1/2022 (b)		80,000		80,631

City of Athens GO, 5.00%, 2/1/2023		50,000		51,807

City of Athens, Warrants Rev., 5.00%, 6/1/2022		120,000		121,317

City of Auburn GO, 5.00%, 11/1/2022		35,000		35,981

City of Auburn, Capital Improvement Series B, GO, 5.00%, 8/1/2022		125,000		125,437

City of Auburn, Warrant

GO, 3.00%, 5/1/2022		20,000		20,081

Series 2014A, GO, 5.00%, 12/1/2022		95,000		97,970

City of Birmingham

Series 2013A, GO, 5.00%, 3/1/2023 (b)		100,000		104,077

Series 2013-A, GO, 5.00%, 3/1/2023 (b)		105,000		109,291

City of Daphne, Warrants GO, 3.00%, 4/1/2022		35,000		35,069

City of Decatur, Sewer, Warrant

Rev., 3.00%, 8/15/2022 (b)		20,000		20,214

Rev., 3.38%, 8/15/2022 (b)		30,000		30,371

City of Decatur, Water, Warrant

Rev., 3.00%, 5/1/2022 (b)		50,000		50,200

Rev., 3.50%, 5/1/2022 (b)		110,000		110,528

City of Foley, Warrants GO, 5.00%, 5/1/2022		50,000		50,358

City of Graysville Rev., AGM, 5.38%, 6/1/2023 (b)		25,000		26,321

City of Guntersville, Warrants GO, 5.00%, 12/1/2022		20,000		20,207

City of Homewood, Warrants

GO, 5.00%, 9/1/2022		30,000		30,651


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Alabama — continued

GO, 5.00%, 9/1/2023		50,000		52,935

GO, 2.00%, 3/1/2025		30,000		30,133

City of Huntsville GO, 4.00%, 5/2/2022 (b)		20,000		20,113

City of Huntsville, Warrants

Series 2016-C, GO, 4.00%, 5/1/2022		70,000		70,403

Series 2016A, GO, 5.00%, 5/1/2022		150,000		151,108

Series 2020A, GO, 5.00%, 9/1/2022		75,000		76,620

Series 2020B, GO, 5.00%, 9/1/2022		125,000		127,699

Rev., 5.00%, 11/1/2022		50,000		51,414

Series 2020B, GO, 5.00%, 9/1/2023		30,000		31,779

Series 2013-C, GO, 5.00%, 11/1/2023 (b)		155,000		165,024

City of Irondale, Warrants GO, 4.00%, 10/1/2022		25,000		25,468

City of Madison, Warrants

Series 2015A, GO, 5.00%, 4/1/2022		110,000		110,402

GO, 4.00%, 4/1/2023 (b)		20,000		20,666

City of Montgomery, Warrants

Series 2021B, GO, 3.00%, 12/1/2022		395,000		401,477

GO, 3.00%, 2/1/2023		15,000		15,285

City of Orange Beach, Warrants

GO, 3.00%, 8/1/2022		115,000		116,095

GO, 3.00%, 8/1/2022 (b)		25,000		25,244

GO, 3.13%, 8/1/2022 (b)		40,000		40,411

GO, 5.00%, 8/1/2022 (b)		185,000		188,342

City of Oxford Series 2012C, GO, 3.50%, 10/1/2022 (b)		25,000		25,403

City of Oxford, Warrants

Series 2015A, GO, 5.00%, 9/1/2022		110,000		112,325

GO, 3.25%, 10/1/2022 (b)		60,000		60,880

Series 2012C, GO, 5.00%, 10/1/2022 (b)		35,000		35,870

City of Trussville, Warrants

Series 2014A, GO, 5.00%, 10/1/2022		170,000		174,205

Series 2014A, GO, 5.00%, 10/1/2023 (b)		25,000		26,546

City of Tuscaloosa, Warrants

Series 2012-A, GO, 5.00%, 5/15/2022 (b)		90,000		90,819

Series 2014A, GO, 5.00%, 7/1/2022		25,000		25,366

Series 2020A, GO, 3.00%, 10/1/2022		75,000		76,005


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Alabama — continued

City of Tuscumbia, Warrants Series 2021B, GO, 3.00%, 11/1/2023		280,000		287,632

County of Baldwin, Warrants

GO, 5.00%, 5/1/2022		75,000		75,559

GO, 5.00%, 6/1/2022 (b)		75,000		75,825

County of Cullman, Warrants Rev., 3.00%, 5/1/2023 (b)		35,000		35,806

County of Jefferson, Warrants

Rev., 3.00%, 9/15/2022		125,000		126,547

Rev., 5.00%, 9/15/2022		35,000		35,807

County of Madison, Warrants Series 2019C, GO, 5.00%, 9/1/2022		25,000		25,530

County of Mobile Series 2014A, GO, 5.00%, 6/1/2022		40,000		40,439

County of Mobile, Warrants

Series 2020B, GO, 4.00%, 8/1/2022		45,000		45,625

Series 2012C, GO, 4.50%, 8/1/2022 (b)		80,000		81,277

Series 2012C, GO, 5.00%, 8/1/2022 (b)		140,000		142,529

GO, 4.00%, 2/1/2023		110,000		113,121

Series 2020B, GO, 4.00%, 8/1/2023		25,000		26,041

GO, 5.00%, 8/1/2025 (b)		25,000		28,079

County of Montgomery, Warrants GO, 5.00%, 3/1/2023		45,000		46,821

Escambia County Board of Education, Tax Anticipation Warrants Rev., 5.00%, 12/1/2022 (b)		50,000		51,552

Foley Utilities Board Rev., 5.00%, 5/1/2022 (b)		315,000		317,299

Guntersville Water Works and Sewer Board Rev., 3.75%, 8/1/2022 (b)		30,000		30,373

Homewood Educational Building Authority, Educational Facilities, Samford University

Series 2013A, Rev., AGM, 4.75%, 12/1/2022 (b)		540,000		555,548

Series 2013A, Rev., AGM, 5.00%, 12/1/2022 (b)		150,000		154,598

Series 2013A, Rev., 5.00%, 12/1/2022 (b)		300,000		309,195

Hoover City Board of Education, Special Tax School Warrants 5.00%, 8/15/2022 (b)		50,000		50,988

Industrial Development Board of The City of Mobile, Alabama Power Control, Barry Plant Project

Series 2008, Rev., 2.90%, 12/12/2023 (c)		1,820,000		1,865,781


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Alabama — continued

Series 2007A, Rev., 1.00%, 6/26/2025 (c)		100,000		97,266

Infirmary Health System Special Care Facilities Financing Authority of Mobile, Infirmary Health System, Inc. Series 2016A, Rev., 5.00%, 2/1/2024		250,000		266,790

Limestone County Water and Sewer Authority

Rev., 5.00%, 12/1/2022		425,000		438,059

Series 2014B, Rev., 4.00%, 12/1/2023 (b)		30,000		31,479

Lower Alabama Gas District (The), Gas Project

Rev., 4.00%, 12/1/2022		135,000		137,736

Rev., 4.00%, 12/1/2025 (c)		150,000		161,272

Madison County Board of Education, Tax Anticipation Warrants

Rev., 5.00%, 9/1/2022		25,000		25,528

Rev., 5.00%, 9/1/2023		20,000		21,134

Madison Water and Wastewater Board Rev., 5.00%, 12/1/2022		115,000		118,621

Mobile County Board of School Commissioners, Alabama Public School Warrants 5.00%, 3/1/2022		50,000		50,000

Mobile County Board of School Commissioners, Capital Outlay School Warrants Series 2012, 2.50%, 3/1/2022		25,000		25,000

Montgomery County Public Education Cooperative District, Public Schools Project Rev., 5.00%, 4/1/2023		200,000		208,334

Montgomery Water Works and Sanitary Sewer Board

Rev., 5.00%, 3/1/2022 (b)		25,000		25,000

Rev., 5.00%, 3/1/2022 (b)		40,000		40,000

Morgan County Board of Education Rev., 5.00%, 8/1/2022 (b)		145,000		147,619

Muscle Shoals Utilities Board Rev., 5.00%, 12/1/2022		45,000		46,369

Oxford Public Building Authority, Oxford Project Series 2015A, Rev., 5.00%, 10/1/2022		25,000		25,620

Ozark Utilities Board Rev., AGM, 3.38%, 9/1/2022 (b)		25,000		25,328

Saraland Board of Education, Tax Warrants Series 2015A, AGM, 4.00%, 8/1/2022 (b)		60,000		60,824


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Alabama — continued

Southeast Alabama Gas Supply District (The), Project No. 1

Series 2018A, Rev., 4.00%, 4/1/2024 (c)		145,000		151,418

Series 2018A, Rev., 5.00%, 4/1/2024		85,000		90,907

Southeast Alabama Gas Supply District (The), Project No. 2 Series 2018A, Rev., 4.00%, 6/1/2024 (c)		870,000		911,840

Southeast Energy Authority A Cooperative District, Project No. 1 Series 2021A, Rev., 4.00%, 10/1/2023		200,000		207,864

St. Clair County Public Building Authority Series 2012A, Rev., 2.25%, 9/1/2022		25,000		25,207

State of Alabama

Series 2013-A, GO, 5.00%, 8/1/2022		90,000		91,645

Series 2014-A, GO, 5.00%, 8/1/2022		110,000		112,010

Series 2016C, GO, 5.00%, 8/1/2022		120,000		122,193

Series 2016A, GO, 5.00%, 11/1/2022		120,000		123,419

Series 2014-A, GO, 5.00%, 8/1/2023		75,000		79,260

State of Alaska Series 2013B, GO, 5.00%, 8/1/2022		45,000		45,822

UAB Medicine Finance Authority Series 2016B, Rev., 5.00%, 9/1/2023		270,000		286,013

University of Alabama (The)

Series 2019B, Rev., 4.00%, 7/1/2022		35,000		35,398

Series 2012-A, Rev., 5.00%, 7/1/2022		175,000		177,566

Series 2014B, Rev., 5.00%, 7/1/2022		130,000		131,906

Series 2017A, Rev., 5.00%, 7/1/2022		450,000		456,598

Series 2019A, Rev., 5.00%, 7/1/2022		55,000		55,806

Series 2019B, Rev., 4.00%, 7/1/2023		35,000		36,412

Series 2012-A, Rev., 5.00%, 7/1/2023		80,000		81,089

Series 2014B, Rev., 5.00%, 7/1/2023		25,000		26,338


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Alabama — continued

Series 2012-A, Rev., 5.00%, 7/1/2024		180,000		182,524

Series 2014B, Rev., 5.00%, 7/1/2024 (b)		50,000		54,298

Series 2017A, Rev., 5.00%, 7/1/2024		20,000		21,700

University of Alabama at Birmingham

Series 2019A, Rev., 4.00%, 10/1/2022		250,000		254,752

Series 2015A, Rev., 5.00%, 10/1/2022		25,000		25,620

Series 2019C, Rev., 5.00%, 10/1/2022		270,000		276,694

Warrior River Water Authority Rev., 3.00%, 8/1/2022		50,000		50,424

Water Works Board of the City of Birmingham (The)

Series 2013B, Rev., 5.00%, 1/1/2023 (b)		25,000		25,854

Series 2015A, Rev., 5.00%, 1/1/2023		25,000		25,861

Series 2016A, Rev., 5.00%, 1/1/2023		20,000		20,689

Series 2016B, Rev., 5.00%, 1/1/2023 (b)		25,000		25,855


Total Alabama				34,002,140


Alaska — 0.3%

Alaska Housing Finance Corp., General Mortgage

Series 2016A, Rev., 1.50%, 6/1/2022		145,000		145,264

Series 2016A, Rev., 1.55%, 12/1/2022		70,000		70,289

Series 2019A, Rev., 1.50%, 6/1/2024		305,000		304,616

Alaska Housing Finance Corp., State Capital Project

Series 2013A, Rev., 4.00%, 6/1/2022 (b)		30,000		30,256

Rev., 5.00%, 6/1/2022 (b)		25,000		25,272

Rev., 5.00%, 6/1/2022		40,000		40,433

Series 2013A, Rev., 5.00%, 6/1/2022		100,000		101,100

Series 2013A, Rev., 5.00%, 6/1/2022 (b)		30,000		30,326

Series 2014A, Rev., 5.00%, 6/1/2022		20,000		20,214


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Alaska — continued

Series 2014D, Rev., 5.00%, 6/1/2022		25,000		25,270

Series 2014D, Rev., 5.00%, 12/1/2022		100,000		103,088

Series 2015A, Rev., 5.00%, 12/1/2022		25,000		25,785

Series 2018B, Rev., 5.00%, 12/1/2022		25,000		25,772

Series 2014D, Rev., 5.00%, 12/1/2023		175,000		186,111

Alaska Industrial Development and Export Authority, Greater Fairbanks Community Hospital Foundation Project Rev., 5.00%, 4/1/2022		200,000		200,710

Alaska Industrial Development and Export Authority, Tanana Chiefs Conference Project Series 2019A, Rev., 5.00%, 10/1/2022		250,000		255,828

Alaska Municipal Bond Bank Authority

Series ONE, Rev., 5.00%, 3/1/2022		95,000		95,000

Series TWO, Rev., 5.00%, 3/1/2022 (b)		415,000		415,000

Series THREE, Rev., 5.00%, 7/1/2022		265,000		268,832

Series 2013-3, Rev., 5.00%, 8/1/2022		50,000		50,897

Series 2016-1, Rev., 5.00%, 8/1/2022		20,000		20,359

Rev., 5.00%, 10/1/2022		30,000		30,740

Series 2014-3, Rev., 5.00%, 10/1/2022		265,000		271,538

Series ONE, Rev., 5.00%, 10/1/2022		65,000		66,604

Series 1, Rev., 5.00%, 12/1/2022		85,000		87,644

Series 2017-3, Rev., 5.00%, 12/1/2022		40,000		41,235

Series 3, Rev., 5.00%, 12/1/2022		40,000		41,244

Series 2013-1, Rev., 4.00%, 2/1/2023		95,000		97,678

Series 2013-1, Rev., 5.00%, 2/1/2023 (b)		85,000		88,168

Series 2015B, Rev., AMT, 5.00%, 3/1/2023		35,000		36,334

Series 2013-3, Rev., 5.00%, 8/1/2023 (b)		60,000		63,321

Series TWO, Rev., 5.00%, 9/1/2024		135,000		135,470

Series 2015A, Rev., 5.00%, 3/1/2026		200,000		220,493


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Alaska — continued

Alaska Municipal Bond Bank Authority, Master Resolution Series 2017A, Rev., 4.00%, 10/1/2022		165,000		168,078

Borough of Fairbanks North Star Series 2011-Q, GO, 5.00%, 9/1/2022		50,000		51,057

Borough of Matanuska-Susitna

Series B, COP, 5.00%, 3/1/2022		305,000		305,000

Series 2012D, GO, 4.00%, 4/1/2022		40,000		40,113

Series 2021D, GO, 5.00%, 4/1/2022 (b)		50,000		50,183

Series 2016A, GO, 5.00%, 7/1/2022		20,000		20,289

Series 2014B, GO, 5.00%, 11/1/2022		85,000		87,381

Borough of Matanuska-Susitna, Goose Creek Correctional Center Project

Rev., 5.00%, 9/1/2022		225,000		229,586

Series 2016, Rev., 5.00%, 9/1/2024		490,000		531,479

Rev., 5.00%, 9/1/2025		40,000		44,513

Rev., 5.25%, 9/1/2026		95,000		106,281

Borough of Matanuska-Susitna, Public Safety Building Lease COP, 3.00%, 10/1/2022		25,000		25,303

Borough of Matanuska-Susitna, Transportation System

Series 2012D, GO, 4.50%, 4/1/2022 (b)		30,000		30,097

Series 2014A, GO, 5.00%, 8/1/2022		20,000		20,359

Borough of North Slope

Series 2021D, GO, 4.00%, 6/30/2022		80,000		80,885

Series 2012A, GO, 5.00%, 6/30/2022		20,000		20,287

Series 2016A, GO, 5.00%, 6/30/2022		175,000		177,509

Series B, GO, 5.00%, 10/30/2023		20,000		21,257

Series 2020A, GO, 5.00%, 6/30/2025		35,000		39,041

Borough of North Slope, General Purpose Series 2019A, GO, 5.00%, 6/30/2023		40,000		42,066

City of Valdez GO, 4.00%, 6/30/2022		50,000		50,555

Municipality of Anchorage, General Purpose

Series A, GO, 5.00%, 8/1/2022		20,000		20,359

Series 2018A, GO, 5.00%, 9/1/2022		155,000		158,308

Series 2108B, GO, 5.00%, 9/1/2022		130,000		132,774


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Alaska — continued

Series B, GO, 5.00%, 9/1/2022		245,000		250,229

Series B, GO, 5.00%, 9/1/2023		155,000		164,025

Municipality of Anchorage, Schools

Series 2018D, GO, 4.00%, 9/1/2022		420,000		426,882

Series D, GO, 5.00%, 9/1/2022		130,000		132,774

Series 2018D, GO, 4.00%, 9/1/2023		175,000		182,598

Series D, GO, 5.00%, 9/1/2023		25,000		26,456

State of Alaska

Series 2013B, GO, 5.00%, 8/1/2023		60,000		62,192

Series 2013B, GO, 5.00%, 8/1/2024		145,000		150,390

Series 2013B, GO, 5.00%, 8/1/2025		20,000		20,732

State of Alaska, Native Tribal Health Consortium Housing Facility Project

COP, 4.00%, 6/1/2022		470,000		473,928

COP, 5.00%, 6/1/2023		25,000		26,231

University of Alaska Series 2015T, Rev., 5.00%, 10/1/2022		200,000		204,426


Total Alaska				8,194,514


Arizona — 1.1%

Arizona Board of Regents

Series C, COP, 3.00%, 6/1/2022 (b)		40,000		40,242

Series 2015A, COP, 5.00%, 6/1/2022		250,000		252,712

Series 2020B, Rev., 5.00%, 7/1/2022		65,000		65,957

Arizona Department of Transportation State Highway Fund

Series 2013A, Rev., 4.00%, 7/1/2022 (b)		25,000		25,278

Series 2013A, Rev., 5.00%, 7/1/2022 (b)		900,000		912,982

Arizona Department of Transportation State Highway Fund, Tax Exempt

Series 2013A, Rev., 4.00%, 7/1/2022 (b)		30,000		30,334

Series 2013A, Rev., 5.00%, 7/1/2022		75,000		76,082

Series 2013A, Rev., 5.00%, 7/1/2022 (b)		255,000		258,672

Arizona Health Facilities Authority, Banner Health Series 2015A, Rev., 5.00%, 1/1/2023		40,000		41,360

Arizona Health Facilities Authority, Scottsdale Lincoln Hospitals

Rev., 5.00%, 12/1/2023		170,000		181,343

Series 2014A, Rev., 5.00%, 12/1/2025		140,000		153,785


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Arizona — continued

Arizona Industrial Development Authority, Equitable School Revolving Fund

Series 2019A, Rev., 5.00%, 11/1/2022		450,000		462,302

Series 2021A, Rev., 4.00%, 11/1/2023		600,000		627,308

Series 2019A, Rev., 5.00%, 11/1/2024		95,000		103,601

Arizona School Facilities Board Series 2015A, COP, 5.00%, 9/1/2023 (b)		20,000		21,165

Arizona State University

Series 2012A, Rev., 3.00%, 7/1/2022		45,000		45,361

Series 2013A, Rev., 4.00%, 7/1/2022		35,000		35,397

Series 2013A, Rev., 5.00%, 7/1/2022 (b)		50,000		50,719

Series 2015A, Rev., 5.00%, 7/1/2022		110,000		111,609

Series 2015B, Rev., 5.00%, 7/1/2022		40,000		40,585

Series 2016A, Rev., 5.00%, 7/1/2022		25,000		25,366

Series 2016B, Rev., 5.00%, 7/1/2022		25,000		25,366

Series 2016C, Rev., 5.00%, 7/1/2022		30,000		30,439

Series 2017A, Rev., 5.00%, 7/1/2022		45,000		45,658

Series 2019B, Rev., 5.00%, 7/1/2022		170,000		172,504

Series A, Rev., 5.00%, 7/1/2022		150,000		152,184

Rev., 5.00%, 8/1/2022		200,000		203,630

Series 2015A, Rev., 5.00%, 7/1/2023		60,000		63,179

Series 2016A, Rev., 5.00%, 7/1/2023		25,000		26,324

Arizona State University, Excise Tax, Maricopa County Regional Area Road Fund

Rev., 5.00%, 7/1/2022		200,000		202,892

Rev., 5.00%, 7/1/2025		40,000		44,857

Arizona Transportation Board

Rev., GAN, 5.00%, 7/1/2022		50,000		50,721

Series 2017A, Rev., GAN, 5.00%, 7/1/2022		155,000		157,236


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Arizona — continued

Series 2019A, Rev., GAN, 5.00%, 7/1/2022		65,000		65,938

Arizona Transportation Board, Excise Tax

Rev., 5.00%, 7/1/2022		100,000		101,446

Rev., 5.00%, 7/1/2023		80,000		84,217

Arizona Transportation Board, Excise Tax, Maricopa County Regional Area Road Fund

Rev., 5.00%, 7/1/2022		145,000		147,097

Rev., 5.00%, 7/1/2023		175,000		184,224

Arizona Water Infrastructure Finance Authority

Series 2012A, Rev., 4.00%, 10/1/2022		20,000		20,386

Series 2012A, Rev., 5.00%, 10/1/2022 (b)		30,000		30,745

Series 2012A, Rev., 5.00%, 10/1/2022		30,000		30,753

Chandler Industrial Development Authority, Intel Corp. Project Rev., 2.40%, 8/14/2023 (c)		3,065,000		3,117,878

City of Avondale GO, 5.00%, 7/1/2022		80,000		81,162

City of Buckeye, Excise Tax

Rev., 5.00%, 7/1/2022		20,000		20,294

Rev., 5.00%, 7/1/2023		25,000		26,304

City of Bullhead, Excise Tax Rev., 4.00%, 7/1/2022		25,000		25,277

City of Casa Grande Series 2016B, GO, 4.00%, 8/1/2023 (b)		20,000		20,842

City of Casa Grande, Excise Tax Rev., 4.50%, 4/1/2022		45,000		45,147

City of Chandler

GO, 4.00%, 7/1/2022		50,000		50,568

GO, 5.00%, 7/1/2023		85,000		89,562

City of Chandler, Excise Tax Rev., 5.00%, 7/1/2022		40,000		40,586

City of Flagstaff, Road Repair, Street Improvement Project Rev., 4.00%, 7/1/2023		20,000		20,780

City of Glendale, Water and Sewer Rev., 5.00%, 7/1/2022		315,000		319,597

City of Goodyear GO, 5.00%, 7/1/2023		35,000		36,850

City of Mesa

GO, 2.00%, 7/1/2022		30,000		30,143

GO, 3.00%, 7/1/2022		25,000		25,202


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Arizona — continued

City of Mesa, Excise Tax

Rev., 5.00%, 7/1/2022 (b)		1,045,000		1,059,863

Rev., 5.00%, 7/1/2022		25,000		25,366

City of Mesa, Utility System

Rev., 5.00%, 7/1/2022		125,000		126,833

Series 2019C, Rev., 5.00%, 7/1/2022		25,000		25,366

Rev., 3.00%, 7/1/2023		20,000		20,543

City of Peoria Series B, GO, 5.00%, 7/15/2023		50,000		52,711

City of Phoenix

Series 2012C, GO, 2.25%, 7/1/2022		275,000		276,548

GO, 4.00%, 7/1/2022		40,000		40,456

Series 2012C, GO, 4.00%, 7/1/2022		285,000		288,249

GO, 4.00%, 7/1/2023		10,000		10,399

City of Phoenix Civic Improvement Corp.

Series 2012A, Rev., 5.00%, 7/1/2022 (b)		25,000		25,364

Series 2015A, Rev., 5.00%, 7/1/2022		50,000		50,733

City of Phoenix Civic Improvement Corp., Excise Tax

Series 2017B, Rev., 5.00%, 7/1/2022		230,000		233,372

Series 2020A, Rev., 5.00%, 7/1/2022		20,000		20,293

City of Phoenix Civic Improvement Corp., Junior Lien

Series 2015A, Rev., 5.00%, 7/1/2022		50,000		50,699

Rev., 5.00%, 7/1/2023		85,000		86,135

Rev., 5.00%, 7/1/2024		150,000		152,154

City of Phoenix Civic Improvement Corp., Junior Lien, Airport System

Rev., 5.00%, 7/1/2022		210,000		213,079

Series 2017D, Rev., 5.00%, 7/1/2022		130,000		131,818

Series 2017D, Rev., 5.00%, 7/1/2023		260,000		273,207

Series 2017D, Rev., 5.00%, 7/1/2024		515,000		558,281

City of Phoenix Civic Improvement Corp., Junior Lien, Wastewater System

Rev., 5.00%, 7/1/2022		400,000		405,865

Series 2017B, Rev., 5.00%, 7/1/2022		100,000		101,466


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Arizona — continued

Series 2018B, Rev., 5.00%, 7/1/2022		60,000		60,880

Series 2014B, Rev., 5.00%, 7/1/2023		25,000		26,338

City of Phoenix Civic Improvement Corp., Junior Lien, Water System Rev., 5.00%, 7/1/2022		100,000		101,466

City of Phoenix Civic Improvement Corp., Senior Lien, Airport System

Series 2017B, Rev., 5.00%, 7/1/2022		130,000		131,862

Series 2017B, Rev., 5.00%, 7/1/2024		185,000		200,815

City of San Luis, Excise Tax Series 2014A, Rev., 5.00%, 7/1/2022		75,000		76,074

City of Scottsdale

GO, 3.00%, 7/1/2022		50,000		50,404

GO, 5.00%, 7/1/2022		120,000		121,759

City of Scottsdale, Preserve Acquisition

GO, 4.00%, 7/1/2022		50,000		50,568

GO, 3.00%, 7/1/2023		35,000		35,922

City of Scottsdale, Project 2004-Preserve ACQ Series 2017B, GO, 5.00%, 7/1/2022		90,000		91,320

City of Surprise Rev., 5.00%, 7/1/2022		105,000		106,525

City of Surprise, Utility System, Senior Lien Rev., 5.00%, 7/1/2022		110,000		111,598

City of Tempe

Series 2014C, GO, 4.00%, 7/1/2022		25,000		25,284

Series B, GO, 4.50%, 7/1/2022		125,000		126,627

City of Tempe, Excise Tax

Rev., 5.00%, 7/1/2022 (b)		25,000		25,364

Rev., 5.00%, 7/1/2022		70,000		71,026

City of Tucson

COP, AGM, 3.00%, 7/1/2022		60,000		60,454

COP, AGM, 5.00%, 7/1/2022		35,000		35,496

Series 2013A, Rev., 5.00%, 7/1/2022		360,000		365,278

City of Tucson, Water System

Rev., 4.00%, 7/1/2022		20,000		20,227

Rev., 5.00%, 7/1/2022		250,000		253,666

Cochise County Unified School District No. 68-Sierra Vista, School Improvement Series 2019B, GO, 3.00%, 7/1/2022		25,000		25,192


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Arizona — continued

County of Maricopa

COP, 5.00%, 7/1/2022		2,325,000		2,358,303

Series 2018A, COP, 5.00%, 7/1/2023		1,095,000		1,151,669

County of Navajo Rev., 4.00%, 7/1/2025		20,000		21,615

County of Pima

GO, 4.00%, 7/1/2022		65,000		65,734

GO, 5.00%, 7/1/2022		205,000		205,950

Series 2019A, COP, 5.00%, 12/1/2022		50,000		51,563

Series 2020A, COP, 5.00%, 12/1/2022		20,000		20,625

Series A, COP, 5.00%, 12/1/2022		45,000		46,407

County of Pima, Sewer System

Rev., 5.00%, 7/1/2022		355,000		360,181

Series 2012A, Rev., 5.00%, 7/1/2022 (b)		170,000		172,446

Rev., 5.00%, 7/1/2023		50,000		52,663

Series 2020A, Rev., 5.00%, 7/1/2023		30,000		31,598

Series 2012A, Rev., 5.00%, 7/1/2025		195,000		197,997

County of Pima, Street and Highway

Rev., 3.00%, 7/1/2022		45,000		45,360

Series 2016A, Rev., 5.00%, 7/1/2022		135,000		136,970

County of Pinal

Rev., 2.00%, 8/1/2022		50,000		50,282

Rev., 5.00%, 8/1/2022		25,000		25,450

Rev., 5.00%, 8/1/2023		35,000		36,953

Gila County Unified School District No. 10-Payson

GO, 5.00%, 7/1/2022		60,000		60,871

GO, 5.00%, 7/1/2023		20,000		21,016

Gilbert Water Resource Municipal Property Corp., Senior Lien Rev., 5.00%, 7/1/2022		45,000		45,660

Glendale Industrial Development Authority, Midwestern University Rev., 5.00%, 5/15/2023		65,000		68,080

Glendale Municipal Property Corp., Senior Lien Series B, Rev., 5.00%, 7/1/2022		225,000		228,230

Glendale Union High School District No. 205, Arizona School Improvement, Project of 2015 Series 2019C, GO, 5.00%, 7/1/2022		260,000		263,733


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Arizona — continued

Glendale Union High School District No. 205, Project of 2011 Series 2012A, GO, AGM, 4.00%, 7/1/2022		125,000		126,425

Glendale Union High School District No. 205, Project of 2020 Series 2021A, GO, AGM, 5.00%, 7/1/2023		25,000		26,307

Goodyear Community Facilities Utilities District No. 1 GO, 3.00%, 7/15/2022		35,000		35,282

Goodyear Public Improvement Corp., Municipal Facilities

Series A, Rev., 4.00%, 7/1/2022 (b)		20,000		20,226

Series 2011A, Rev., 5.00%, 7/1/2022 (b)		450,000		456,552

Series A, Rev., 5.25%, 7/1/2022 (b)		50,000		50,769

Highlands Fire District COP, 4.00%, 7/1/2022		125,000		126,286

Kyrene Elementary School District No. 28

GO, 4.00%, 7/1/2022		120,000		121,368

GO, 4.00%, 7/1/2023		20,000		20,804

Kyrene Elementary School District No. 28, School Improvement Project

Series 2016A, GO, 5.00%, 7/1/2022		45,000		45,661

Series 2020B, GO, 5.00%, 7/1/2022		30,000		30,441

Madison Elementary School District No. 38, School Improvement, Project of 2014

Series 2017B, GO, 5.00%, 7/1/2022		90,000		91,322

Series 2019C, GO, 5.00%, 7/1/2022		50,000		50,735

Series 2019C, GO, 5.00%, 7/1/2023		25,000		26,335

Madison Elementary School District No. 38, School Improvement, Project of 2019

Series 2020A, GO, 5.00%, 7/1/2022		120,000		121,764

Series 2020A, GO, 5.00%, 7/1/2023		110,000		115,873

Maricopa County Community College District

GO, 3.00%, 7/1/2022		20,000		20,162

GO, 5.00%, 7/1/2022		20,000		20,293

Maricopa County Community College District, Project of 2004 Series 2011D, GO, 4.00%, 7/1/2022		180,000		180,501

Maricopa County Elementary School District No. 1, Phoenix Elementary, School Improvement, Project of 2010 Series 2014B, GO, 3.00%, 7/1/2022		25,000		25,193


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Arizona — continued

Maricopa County Elementary School District No. 59 Laveen, School Improvement, Project of 2008 Series 2014B, GO, 3.00%, 7/1/2022		50,000		50,388

Maricopa County Elementary School District No. 6, Washington, School Improvement, Project of 2016 Series 2019B, GO, 5.00%, 7/1/2022		65,000		65,955

Maricopa County Elementary School District No. 79, Litchfield Elementary, School Improvement GO, 3.00%, 7/1/2023		25,000		25,628

Maricopa County Elementary School District No. 92 Pendergast Elementary, School Improvement, Project of 2016 Series 2018B, GO, 5.00%, 7/1/2022		60,000		60,878

Maricopa County High School District No. 214 Tolleson Union High School, School Improvement, Project of 2017 Series 2018A, GO, 2.25%, 7/1/2022		40,000		40,224

Maricopa County High School District No. 214 Tolleson Union High School, School Improvement, Project of 2019

Series 2020A, GO, 5.00%, 7/1/2022		85,000		86,246

Series 2021B, GO, 5.00%, 7/1/2022		30,000		30,440

Maricopa County Industrial Development Authority, Banner Health

Series B, Rev., 5.00%, 10/18/2022 (c)		575,000		590,146

Series 2016A, Rev., 5.00%, 1/1/2023		400,000		413,605

Series C, Rev., 5.00%, 10/18/2024 (c)		375,000		408,941

Maricopa County Industrial Development Authority, HonorHealth

Series 2019A, Rev., 5.00%, 9/1/2022		170,000		173,645

Series 2019A, Rev., 5.00%, 9/1/2023		135,000		142,944

Maricopa County School District No. 3, Tempe Elementary GO, 4.00%, 7/1/2022		25,000		25,282

Maricopa County School District No. 3, Tempe Elementary, School Improvement

GO, 4.00%, 7/1/2022		35,000		35,395

GO, 4.00%, 7/1/2023		70,000		72,739


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Arizona — continued

Maricopa County School District No. 3, Tempe Elementary, School Improvement, Project of 2016 Series 2019B, GO, 5.00%, 7/1/2022		20,000		20,292

Maricopa County Special Health Care District

Series D, GO, 5.00%, 7/1/2022		210,000		213,100

Series D, GO, 5.00%, 7/1/2023		30,000		31,606

Maricopa County Special Health Care District, Integrated Health Services

Series 2018C, GO, 5.00%, 7/1/2022		355,000		360,241

Series 2018C, GO, 5.00%, 7/1/2023		45,000		47,409

Maricopa County Unified School District No. 11,Peoria, School Improvement GO, 3.00%, 7/1/2022		20,000		20,155

Maricopa County Unified School District No. 4 Mesa, School Improvement, Project of 2012 Series 2014B, GO, 3.00%, 7/1/2022		50,000		50,405

Maricopa County Unified School District No. 48, Scottsdale

GO, 2.00%, 7/1/2022		20,000		20,095

GO, 5.00%, 7/1/2022		40,000		40,587

Maricopa County Unified School District No. 69 Paradise Valley, School Improvement, Project of 2011 Series 2012A, GO, 3.00%, 7/1/2022		20,000		20,159

Maricopa County Unified School District No. 69 Paradise Valley, School Improvement, Project of 2015

Series 2017B, GO, 5.00%, 7/1/2022		115,000		116,670

Series 2018C, GO, 5.00%, 7/1/2022		40,000		40,581

Series 2018D, GO, 5.00%, 7/1/2022		95,000		96,380

Series 2018C, GO, 5.00%, 7/1/2023		20,000		21,060

Maricopa County Unified School District No. 80 Chandler GO, 5.00%, 7/1/2022		65,000		65,953

Maricopa County Unified School District No. 80 Chandler, School Improvement, Project of 2015 Series 2017B, GO, 3.50%, 7/1/2022		25,000		25,243

Maricopa County Unified School District No. 80 Chandler, School Improvement, Project of 2019 Series 2020A, GO, 5.00%, 7/1/2022		65,000		65,953

Maricopa County Unified School District No. 89, Dysart GO, 5.00%, 7/1/2022		40,000		40,565


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Arizona — continued

Maricopa County Unified School District No. 95, Queen Creek, School Improvement

GO, 4.00%, 7/1/2022		20,000		20,221

GO, 5.00%, 7/1/2022		135,000		136,939

Maricopa County Unified School District No. 97 Deer Valley, School Improvement, Project of 2013 Series 2017C, GO, 5.00%, 7/1/2022		105,000		106,483

Maricopa County Unified School District No. 97-Deer Valley GO, 3.00%, 7/1/2022		60,000		60,452

Maricopa County Union High School District No. 210 Phoenix, School Improvement

GO, 3.00%, 7/1/2022		30,000		30,240

GO, 5.00%, 7/1/2022		55,000		55,803

Maricopa County Union High School District No. 210 Phoenix, School Improvement, Project of 2011

Series 2014C, GO, 3.00%, 7/1/2022		25,000		25,200

Series 2017E, GO, 5.00%, 7/1/2022		90,000		91,313

Maricopa County Union High School District No. 210 Phoenix, School Improvement, Project of 2011 and 2017

GO, 5.00%, 7/1/2022		90,000		91,313

GO, 5.00%, 7/1/2023		30,000		31,598

Maricopa County Union High School District No. 210-Phoenix, School Improvement Project of 2017 Series 2019B, GO, 5.00%, 7/1/2022		95,000		96,386

Maricopa County Union High School District No. 213, Tempe GO, 4.00%, 7/1/2022		25,000		25,284

Maricopa County Union High School District No. 216 Agua Fria, School Improvement Series 2014B, GO, 3.00%, 7/1/2023		30,000		30,794

Maricopa County Union High School District No. 216 Agua Fria, School Improvement, Project of 2011 Series 2012A, GO, 3.00%, 7/1/2022		25,000		25,201

Maricopa County Union High School District No. 216 Agua Fria, School Improvement, Project of 2015 Series 2017B, GO, 5.00%, 7/1/2022		25,000		25,366

McAllister Academic Village LLC, Arizona State University Rev., 5.00%, 7/1/2023		20,000		21,030


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Arizona — continued

Mohave County Unified School District No. 1 Lake Havasu, School Improvement, Project of 2016 Series 2017A, GO, 4.00%, 7/1/2023		80,000		83,119

Mohave County Union High School District No. 2, Colorado River GO, 5.00%, 7/1/2022		40,000		40,574

Northern Arizona University Rev., 5.00%, 6/1/2022		20,000		20,221

Northern Arizona University, Stimulus Plan for Economic and Educational Development Series 2020B, Rev., AGM, 5.00%, 8/1/2025		100,000		110,934

Peoria Municipal Development Authority, Inc. Rev., 4.00%, 7/1/2022		25,000		25,284

Pima County Community College District Rev., 5.00%, 7/1/2022		35,000		35,514

Pima County Regional Transportation Authority, Excise Tax

Rev., 5.00%, 6/1/2022		240,000		242,658

Rev., 5.00%, 6/1/2023		70,000		73,535

Rev., 5.00%, 6/1/2024		60,000		65,030

Series 2014, Rev., 5.00%, 6/1/2025		30,000		31,457

Pima County Unified School District No. 20 Vail, School Improvement GO, AGM, 3.00%, 7/1/2023		20,000		20,503

Pima County Unified School District No. 6 Marana, School Improvement, Project of 2014 Series 2017C, GO, 5.00%, 7/1/2022		25,000		25,350

Pinal County Community College District

Rev., 3.00%, 7/1/2023		140,000		143,613

GO, 5.00%, 7/1/2023		30,000		31,553

Pinal County Electric District No. 3, Electric System Rev., 5.00%, 7/1/2022		95,000		96,342

Pinal County School District No. 1 Florence GO, 5.00%, 7/1/2023		20,000		21,016

Prescott Municipal Property Corp. Rev., 5.00%, 7/1/2022		25,000		25,354

Regional Public Transportation Authority, Transportation Excise Tax, Maricopa County Public Transportation Fund

Rev., 5.25%, 7/1/2022		405,000		411,299

Rev., 5.25%, 7/1/2023		90,000		95,090


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Arizona — continued

Salt River Project Agricultural Improvement and Power District, Arizona Salt River Project

Series 2015A, Rev., 5.00%, 12/1/2022		25,000		25,787

Series 2016A, Rev., 5.00%, 1/1/2023		70,000		72,429

Scottsdale Municipal Property Corp., Excise Tax Rev., 5.00%, 7/1/2022		30,000		30,441

Sedona-Oak Creek Joint Unified School District No. 9 GO, 5.00%, 7/1/2022		45,000		45,661

State of Arizona

COP, 5.00%, 9/1/2022		740,000		755,793

COP, 4.00%, 10/1/2022 (b)		25,000		25,477

COP, 5.00%, 10/1/2022 (b)		30,000		30,745

Series 2019A, COP, 5.00%, 10/1/2022 (b)		245,000		251,088

Series B, COP, 5.00%, 10/1/2022		40,000		40,987

Series 2019A, COP, 5.00%, 10/1/2023 (b)		35,000		37,165

COP, 5.00%, 9/1/2026		50,000		56,076

State of Arizona Lottery Rev., 5.00%, 7/1/2022 (b)		85,000		86,238

Tempe Industrial Development Authority, Friendship Village of Tempe Project Series 2021C-2, Rev., 1.13%, 12/1/2026		1,880,000		1,792,879

Town of Gilbert GO, 5.00%, 7/1/2022		20,000		20,293

Town of Marana, Excise Tax

Series 2017B, Rev., 5.00%, 7/1/2022		50,000		50,735

Series 2017B, Rev., 5.00%, 7/1/2023		35,000		36,802

Town of Queen Creek, Excise Tax

Rev., 4.00%, 8/1/2022		120,000		121,617

Series 2018A, Rev., 4.00%, 8/1/2022		90,000		91,213

Series 2018B, Rev., 4.00%, 8/1/2022		45,000		45,606

Rev., 5.00%, 8/1/2022		45,000		45,792

Series 2018A, Rev., 5.00%, 8/1/2023		40,000		42,174

University Medical Center Corp., Hospital

Rev., 4.25%, 7/1/2023 (b)		100,000		104,187

Rev., 5.63%, 7/1/2023 (b)		30,000		31,800

University of Arizona (The)

Rev., 5.00%, 6/1/2022		30,000		30,331


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Arizona — continued

Series 2016B, Rev., 5.00%, 6/1/2022		30,000		30,332

Series 2018A, Rev., 5.00%, 6/1/2022		45,000		45,497

Series A, Rev., 5.00%, 6/1/2023		50,000		52,506

University of Arizona (The), Stimulus Plan for Economic and Educational Development Rev., 5.00%, 8/1/2022		300,000		305,444

Western Maricopa Education Center District No. 402, School Improvement Project

Series 2017A, GO, 5.00%, 7/1/2022		50,000		50,726

Series 2019B, GO, 5.00%, 7/1/2022		20,000		20,291

Series 2017A, GO, 5.00%, 7/1/2023		50,000		52,635

Yavapai County Community College District GO, 4.00%, 7/1/2022		40,000		40,457

Yuma County Elementary School District No. 32 Gadsden Series 2019B, GO, AGM, 3.00%, 7/1/2022		175,000		176,272

Yuma Municipal Property Corp., Senior Lien Rev., 5.00%, 7/1/2022		140,000		142,010

Yuma Municipal Property Corp., Senior Lien Road Tax and Subordinate Lien Excise Tax Rev., 5.00%, 7/1/2022		130,000		131,866


Total Arizona				34,097,079


Arkansas — 0.2%

Arkansas Development Finance Authority Public Safety Charges, Division of Emergency Management Project Rev., 5.00%, 6/1/2023		25,000		26,202

Arkansas Development Finance Authority, Cancer Research Project Rev., AMBAC, Zero Coupon, 7/1/2023		75,000		73,795

Arkansas Development Finance Authority, Correctional Facilities Construction Rev., 4.00%, 5/15/2022		50,000		50,356

Arkansas State Community Water System Public Water Authority Series A, Rev., 4.00%, 10/1/2022 (b)		25,000		25,469

Bentonville School District No. 6 Series D, GO, 5.00%, 6/1/2023		110,000		115,400

City of Bella Vista, Sales and Use Tax Rev., 4.00%, 10/1/2022		25,000		25,461

City of Bentonville, Sales and Use Tax Rev., 4.00%, 11/1/2022		50,000		51,060


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Arkansas — continued

City of Cabot, Sales Tax Series 2021B, Rev., 5.00%, 12/1/2022		25,000		25,782

City of Fayetteville, Sales & Use Tax Series 2019A, Rev., 5.00%, 11/1/2022		180,000		185,067

City of Little Rock, Limited Tax GO, 5.00%, 4/1/2022		110,000		110,404

City of Rogers Rev., 4.00%, 11/1/2022		50,000		51,060

City of Van Buren, Water and Sewer Rev., AGM, 4.00%, 12/1/2022		25,000		25,548

City of West Memphis, Public Utility System

Rev., 4.00%, 12/1/2022		100,000		102,292

Rev., 4.00%, 12/1/2023		200,000		209,397

Rev., 4.00%, 12/1/2024		250,000		267,056

Rev., 4.00%, 12/1/2025		375,000		407,419

County of Cross, Sales Tax Rev., 5.00%, 10/1/2022		25,000		25,598

Greene County Technical School District No. T-1 GO, 3.00%, 4/1/2022		95,000		95,185

Lake Hamilton School District No. 5 of Garland County

GO, 3.00%, 10/1/2022 (b)		290,000		293,751

GO, 3.25%, 10/1/2022 (b)		80,000		81,151

GO, 3.50%, 10/1/2022 (b)		50,000		50,791

Northwest Arkansas Conservation Authority Rev., 3.00%, 3/1/2022		90,000		90,000

Pulaski County Public Facilities Board, Baptist Health

Rev., 5.00%, 12/1/2022		220,000		226,777

Rev., 5.00%, 12/1/2024 (b)		305,000		335,031

Pulaski County Public Facilities Board, Carti Project Rev., 5.50%, 7/1/2023 (b)		260,000		274,812

Springdale School District No. 50 GO, 5.00%, 6/1/2022		70,000		70,761

State of Arkansas, Federal Highway

GO, 5.00%, 4/1/2022		235,000		235,867

GO, 3.00%, 10/1/2022		125,000		126,697

GO, 5.00%, 10/1/2022		20,000		20,503

GO, 5.00%, 4/1/2023		20,000		20,886

GO, 5.00%, 10/1/2023		45,000		47,806

State of Arkansas, Waste Disposal and Pollution Abatement Facilities GO, 5.00%, 7/1/2023		30,000		31,606

State of Arkansas, Waste Water and Pollution Abatement Series 2012B, GO, 3.00%, 7/1/2022 (b)		35,000		35,278


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Arkansas — continued

University of Arkansas Student Fee, UALR Campus Rev., 5.00%, 10/1/2022		45,000		46,132

University of Arkansas, Auxiliary Enterprises, UALR Campus Rev., 5.00%, 10/1/2022		50,000		51,257

University of Arkansas, Capital Improvement UALR Campus Series 2012A, Rev., 4.00%, 5/1/2022 (b)		25,000		25,143

University of Arkansas, Fayetteville Campus

Rev., 5.00%, 3/1/2022		25,000		25,000

Series 2012B, Rev., 5.00%, 5/1/2022 (b)		65,000		65,478

Series 2015A, Rev., 5.00%, 9/15/2022		25,000		25,584

Series 2014A, Rev., 4.00%, 11/1/2022 (b)		25,000		25,530

Series 2015A, Rev., 5.00%, 11/1/2022 (b)		30,000		30,834

University of Arkansas, Student Fee, Capital Improvement, UALR Energy Conservation Project Series 2013C, Rev., 5.00%, 10/1/2022		115,000		117,892

University of Arkansas, Student Fee, Community College

Rev., 4.00%, 5/1/2022		30,000		30,174

Rev., 4.00%, 5/1/2023		60,000		62,146

University of Arkansas, Various Facility Fayetteville Campus

Series 2012B, Rev., 5.00%, 5/1/2022 (b)		420,000		423,088

Series 2013A, Rev., 5.00%, 9/15/2022		80,000		81,867

Rev., 5.00%, 11/1/2022		50,000		51,425

Series 2012A, Rev., 5.00%, 11/1/2022 (b)		25,000		25,695

Series 2016A, Rev., 5.00%, 11/1/2022		220,000		226,268

Series 2019A, Rev., 5.00%, 11/1/2022		30,000		30,855

Series 2019A, Rev., 5.00%, 9/15/2023		35,000		37,122

University of Arkansas, Various Facility Pine Bluff Campus Rev., 4.00%, 12/1/2022		35,000		35,853

University of Arkansas, Various Facility UAMS Campus Rev., 5.00%, 11/1/2022		35,000		35,997


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Arkansas — continued

Van Buren School District No. 42 GO, 5.00%, 4/1/2022		185,000		185,673


Total Arkansas				5,453,281


California — 6.1%

Abag Finance Authority for Nonprofit Corp., Episcopal Senior Community

Series 2012A, Rev., 5.00%, 7/1/2022 (b)		155,000		157,204

Series 2012B, Rev., 5.00%, 7/1/2022 (b)		25,000		25,356

Abag Finance Authority for Nonprofit Corp., Odd Fellows Home Series 2012A, Rev., 5.00%, 4/1/2022		30,000		30,107

Acalanes Union High School District GO, 4.00%, 8/1/2022		95,000		96,344

Alameda Corridor Transportation Authority, Senior Lien Series 2013A, Rev., 5.00%, 10/1/2022		250,000		255,961

Alameda County Joint Powers Authority, Multiple Capital Projects Series 2013A, Rev., 5.00%, 12/1/2022		165,000		170,158

Alameda County Transportation Commission, Sales Tax Rev., 4.00%, 3/1/2022		95,000		95,000

Alameda Unified School District-Alameda County, Election of 2014 Series C, GO, 4.00%, 8/1/2022		75,000		76,061

Albany Unified School District

GO, 4.00%, 8/1/2022		80,000		81,111

GO, 5.00%, 8/1/2022		35,000		35,631

Alhambra Unified School District

Series 2016B, GO, 5.00%, 8/1/2022		150,000		152,741

Series A, GO, 5.00%, 8/1/2022		20,000		20,366

Alhambra Unified School District, Election of 2016 Series 2016A, GO, 4.00%, 8/1/2022		60,000		60,849

Allan Hancock Joint Community College District GO, 5.00%, 8/1/2022		20,000		20,364

Alta Loma School District, Capital Appreciation Series 1999A, GO, NATL-RE, Zero Coupon, 8/1/2022		125,000		124,607

Alvord Unified School District, Election of 2012 Series A, GO, AGM, Zero Coupon, 8/1/2022		200,000		199,322

Anaheim City School District Series 2014A, GO, 5.00%, 8/1/2022		60,000		61,091


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Anaheim City School District, Election of 2016 Series 2016A, GO, 5.00%, 8/1/2022		75,000		76,364

Anaheim Housing and Public Improvements Authority

Series 2017B, Rev., 5.00%, 10/1/2022		50,000		51,251

Series 2017B, Rev., 5.00%, 10/1/2024		80,000		83,351

Series 2017B, Rev., 5.00%, 10/1/2025		50,000		52,095

Anaheim Housing and Public Improvements Authority, Electric Utility Distribution System Series 2020A, Rev., 5.00%, 10/1/2024		160,000		175,016

Anaheim Housing and Public Improvements Authority, Water System Project Series 2020A, Rev., 5.00%, 10/1/2022		60,000		61,502

Anaheim Public Financing Authority, Public Improvement Project Series 2019A, Rev., 5.00%, 9/1/2022		25,000		25,478

Anaheim Union High School District GO, 5.00%, 8/1/2022		100,000		101,827

Antelope Valley Community College District Series B, GO, 4.00%, 8/1/2022		35,000		35,495

Antelope Valley-East Kern Water Agency

Rev., 5.00%, 6/1/2022		1,205,000		1,218,192

Rev., 5.00%, 6/1/2023		30,000		31,496

Apple Valley Unified School District GO, 5.00%, 8/1/2022		50,000		50,859

Arcadia Unified School District, Election of 2006

Series 2006B, GO, 3.25%, 8/1/2022 (b)		50,000		50,540

Series 2006B, GO, 3.50%, 8/1/2022 (b)		20,000		20,237

Series 2014B, GO, 5.00%, 8/1/2022 (b)		30,000		30,542

Bay Area Toll Authority, Toll Bridge

Series F-1, Rev., 3.00%, 4/1/2022 (b)		20,000		20,041

Series F-1, Rev., 4.00%, 4/1/2022 (b)		50,000		50,142

Series F-1, Rev., 4.00%, 4/1/2022 (b)		20,000		20,057


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Rev., 5.00%, 4/1/2022		185,000		185,678

Series F-1, Rev., 5.00%, 4/1/2022 (b)		2,365,000		2,373,628

Series 2013S-4, Rev., 5.00%, 4/1/2023 (b)		650,000		678,668

Series 2017S-7, Rev., 5.00%, 4/1/2023		70,000		73,064

Series S-4, Rev., 5.00%, 4/1/2023 (b)		65,000		67,867

Series 2013S-4, Rev., 5.13%, 4/1/2023 (b)		25,000		26,136

Series 2013S-4, Rev., 5.25%, 4/1/2023 (b)		295,000		308,797

Bay Area Water Supply and Conservation Agency

Series 2013A, Rev., 5.00%, 10/1/2022		45,000		46,132

Series 2013A, Rev., 3.00%, 10/1/2024		100,000		102,177

Beardsley School District Series 2021, GO, 2.00%, 5/1/2022		210,000		210,427

Belmont Joint Powers Financing Authority Rev., 4.00%, 8/1/2022		50,000		50,707

Belmont-Redwood Shores School District

GO, 5.00%, 8/1/2022		170,000		173,056

Series 2015A, GO, 5.00%, 8/1/2022		20,000		20,360

Benicia Unified School District Series 1997A, GO, NATL-RE, Zero Coupon, 8/1/2022		30,000		29,908

Berkeley Unified School District GO, 5.00%, 8/1/2022		140,000		142,558

Berryessa Union School District Series A, GO, 5.00%, 8/1/2022		30,000		30,542

Beverly Hills Public Financing Authority Series 2012A, Rev., 4.00%, 6/1/2022 (b)		100,000		100,853

Beverly Hills Unified School District GO, 5.00%, 8/1/2022		45,000		45,811

Bonita Unified School District

GO, 3.50%, 8/1/2022 (b)		80,000		80,947

GO, 4.00%, 8/1/2022		20,000		20,281

GO, 4.00%, 8/1/2022 (b)		20,000		20,279

Series 2016B, GO, 4.00%, 8/1/2022		35,000		35,492

GO, 5.00%, 8/1/2022 (b)		20,000		20,361

Brea Redevelopment Agency, Tax Allocation Rev., 3.00%, 9/1/2022		90,000		90,948


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Brentwood Infrastructure Financing Authority

Rev., 5.00%, 7/1/2022		75,000		76,105

Series 2012A, Rev., AGM, 3.25%, 9/2/2022		50,000		50,639

Series 2012A, Rev., AGM, 3.50%, 9/2/2023		50,000		50,604

Brentwood Infrastructure Financing Authority, Civic Center Project

Rev., 4.00%, 10/1/2022		25,000		25,450

Rev., 5.00%, 10/1/2024		40,000		43,605

Brentwood Union School District

GO, 4.00%, 8/1/2022		110,000		111,547

GO, 5.00%, 8/1/2022		25,000		25,455

Buena Park School District, Election of 2014 GO, 4.00%, 8/1/2022		25,000		25,335

Burbank Redevelopment Agency Successor Agency

Rev., 5.00%, 12/1/2022		250,000		257,778

Rev., 5.00%, 12/1/2023		50,000		53,336

Burlingame Financing Authority, Water and Wastewater Rev., 5.00%, 4/1/2022		95,000		95,347

Burlingame School District, Election of 2012

Series 2013A, GO, 4.00%, 8/1/2022		25,000		25,354

Series 2013A, GO, 4.00%, 8/1/2023 (b)		20,000		20,844

Burlingame School District, Election of 2020 Series A, GO, 3.00%, 8/1/2022		20,000		20,200

Butte-Glenn Community College District

Series B, GO, 4.00%, 8/1/2022		75,000		76,045

GO, 4.25%, 8/1/2022		25,000		25,374

GO, 5.00%, 8/1/2022		45,000		45,813

Cabrillo Community College District

GO, 4.00%, 8/1/2022 (b)		90,000		91,254

GO, 5.00%, 8/1/2022		30,000		30,548

GO, 5.00%, 8/1/2022 (b)		40,000		40,723

Cabrillo Unified School District, Election of 2018 Series 2006B, GO, 4.00%, 8/1/2022		30,000		30,422

California Communities Local Measurer, Sales Tax Series 2013A, COP, AGM, 5.13%, 6/1/2023 (b)		20,000		21,023


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

California County Tobacco Securitization Agency, Gold Country Settlement Funding Corp.

Series 2020A, Rev., 5.00%, 6/1/2022		100,000		100,935

Series 2020A, Rev., 5.00%, 6/1/2024		50,000		53,486

California County Tobacco Securitization Agency, Los Angeles County Securitization Corp.

Series 2020A, Rev., 4.00%, 6/1/2022		700,000		704,845

Series 2020A, Rev., 4.00%, 6/1/2023		700,000		720,549

California County Tobacco Securitization Agency, Merced County Tobacco Funding Corp.

Rev., 4.00%, 6/1/2022		150,000		151,033

Rev., 4.00%, 6/1/2023		460,000		473,763

Rev., 5.00%, 6/1/2025		240,000		263,158

California County Tobacco Securitization Agency, Sonoma County Securitization Corp.

Rev., 4.00%, 6/1/2022		375,000		377,583

Rev., 4.00%, 6/1/2023		530,000		545,857

California Educational Facilities Authority, Claremont McKenna College Rev., 5.00%, 4/1/2022		35,000		35,129

California Educational Facilities Authority, Loyola Marymount University Series 2018B, Rev., 5.00%, 10/1/2022		25,000		25,617

California Educational Facilities Authority, Pepperdine University

Series 2017B, Rev., 4.00%, 9/1/2022		25,000		25,417

Rev., 5.00%, 9/1/2022 (b)		20,000		20,427

California Educational Facilities Authority, Santa Clara University Rev., 5.00%, 4/1/2022		100,000		100,368

California Educational Facilities Authority, Stanford University Series T-5, Rev., 5.00%, 3/15/2023		20,000		20,855

California Educational Facilities Authority, University of South California Series 2012A, Rev., 5.00%, 10/1/2023 (b)		35,000		37,142


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

California Enterprise Development Authority, Riverside County, Library Facility Project Rev., 4.00%, 11/1/2023		200,000		209,238

California Health Facilities Financing Authority

Rev., 4.00%, 3/1/2023		25,000		25,769

Rev., 5.00%, 10/1/2025 (c)		795,000		890,852

California Health Facilities Financing Authority, Adventist Health System

Series 2016A, Rev., 4.00%, 3/1/2022		205,000		205,000

Series 2013A, Rev., 5.00%, 3/1/2022		85,000		85,000

Series 2011A, Rev., 3.00%, 3/1/2024 (c)		505,000		516,557

California Health Facilities Financing Authority, Cedars-Sinai Medical Center

Series A, Rev., 5.00%, 8/15/2022		80,000		81,596

Series B, Rev., 5.00%, 8/15/2022		35,000		35,698

Rev., 5.00%, 11/15/2022		180,000		185,419

Rev., 5.00%, 11/15/2024		250,000		274,604

California Health Facilities Financing Authority, Chinese Hospital Rev., 5.00%, 6/1/2022		25,000		25,272

California Health Facilities Financing Authority, EL Camino Hospital Rev., 5.00%, 2/1/2023		315,000		326,857

California Health Facilities Financing Authority, Kaiser Permanente

Series 2017B, Rev., 5.00%, 11/1/2022 (c)		480,000		492,829

Series C, Rev., 5.00%, 11/1/2022 (c)		3,120,000		3,203,391

Series D, Rev., 5.00%, 11/1/2022 (c)		340,000		349,088

California Health Facilities Financing Authority, Lucile Salter Packard Children’s Hospital at Stanford

Series 2012B, Rev., 5.00%, 8/15/2022		50,000		50,967

Series 2016A, Rev., 5.00%, 8/15/2022		30,000		30,581

California Health Facilities Financing Authority, Memorial Health Services

Series 2012A, Rev., 5.00%, 10/1/2022		45,000		46,121

Series 2012A, Rev., 5.00%, 10/1/2023		350,000		358,012


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Series 2012A, Rev., 5.00%, 10/1/2026		300,000		307,278

California Health Facilities Financing Authority, Providence Health and Services

Series 2014A, Rev., 5.00%, 10/1/2022		110,000		112,747

Series 2014A, Rev., 5.00%, 10/1/2024 (b)		30,000		32,839

California Health Facilities Financing Authority, Providence St. Joseph Health

Series 2016B-2, Rev., 4.00%, 10/1/2024 (c)		35,000		37,335

Rev., 2.00%, 10/1/2025 (c)		125,000		127,208

California Health Facilities Financing Authority, St. Joseph Health System

Series 2009D, Rev., 1.70%, 10/18/2022 (c)		1,000,000		1,004,717

Series 2009C, Rev., 5.00%, 10/18/2022 (c)		450,000		461,392

Series 2013A, Rev., 5.00%, 7/1/2026		85,000		89,480

California Health Facilities Financing Authority, Sutter Health Series 2018A, Rev., 5.00%, 11/15/2022		175,000		180,143

California Infrastructure and Economic Development Bank Series 2018C, Rev., (SIFMA Municipal Swap Index Yield + 0.35%), 0.55%, 3/10/2022 (d)		5,250,000		5,254,887

California Infrastructure and Economic Development Bank, Academy of Motion Picture Arts and Sciences Obligated Group Series 2015A, Rev., 5.00%, 11/1/2022		125,000		128,527

California Infrastructure and Economic Development Bank, Bay Area Toll Authority, Toll Bridge Series 2003A, Rev., AGM, 5.00%, 7/1/2022 (b)		115,000		116,674

California Infrastructure and Economic Development Bank, Clean Water State Revolving Fund

Rev., 4.00%, 10/1/2022		95,000		96,800

Rev., 5.00%, 10/1/2022		150,000		153,710

Series 2014A, Rev., 5.00%, 10/1/2023 (b)		25,000		26,551


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

California Infrastructure and Economic Development Bank, Infrastructure State Revolving Fund Series 2014A, Rev., 5.00%, 10/1/2023 (b)		110,000		116,822

California Municipal Finance Authority, Anaheim Water System Project Series 2015-A, Rev., 5.00%, 10/1/2022		25,000		25,630

California Municipal Finance Authority, City of Anaheim Electric Utility Distribution System Series 2015-B, Rev., 5.00%, 10/1/2022		20,000		20,497

California Municipal Finance Authority, Civic Center Infrastructure Improvement Program Rev., 5.00%, 6/1/2023		75,000		78,634

California Municipal Finance Authority, Community Medical Center Series 2017A, Rev., 5.00%, 2/1/2026		1,000,000		1,136,059

California Municipal Finance Authority, Inland Regional Center Project Rev., 5.00%, 6/15/2022		75,000		75,939

California Municipal Finance Authority, Jurupa Valley Pavement Rehabilitation Project COP, AGM, 4.00%, 6/1/2022		50,000		50,405

California Municipal Finance Authority, Santa Rosa Community Health Centre Rev., 5.00%, 2/1/2023		25,000		25,920

California Municipal Finance Authority, St. John’s Well Child and Family Center Rev., 4.00%, 12/1/2022		110,000		112,579

California Municipal Finance Authority, Tuolumne Project Series 2018A, Rev., 4.00%, 12/1/2022		50,000		51,199

California Municipal Finance Authority, University of La Verne Series 2017A, Rev., 5.00%, 6/1/2022		50,000		50,542

California Pollution Control Financing Authority, American Water Capital Corp. Project Rev., 0.60%, 9/1/2023 (c)		45,000		44,403

California Public Finance Authority, Henry Mayo Newhall Hospital

Rev., 4.00%, 10/15/2022		240,000		244,297

Rev., 4.00%, 10/15/2023		290,000		301,862

Rev., 4.00%, 10/15/2024		380,000		403,054


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

California State Public Works Board

Series 2012A, Rev., 5.00%, 4/1/2022		2,055,000		2,062,497

Series G, Rev., 5.00%, 5/1/2022		25,000		25,185

Series E, Rev., 4.00%, 9/1/2022 (b)		25,000		25,413

Series 2014B, Rev., 5.00%, 10/1/2022		75,000		76,864

Series 2019B, Rev., 5.00%, 5/1/2023		35,000		36,644

Series F, Rev., 5.00%, 5/1/2023		370,000		387,374

Series G, Rev., 5.00%, 5/1/2023		85,000		88,991

Series 2013G, Rev., 5.00%, 9/1/2024		130,000		137,530

California State Public Works Board, Business Unit II at the Irvine Campus Rev., 5.00%, 6/1/2022 (b)		50,000		50,550

California State Public Works Board, California State University, Various Capital Projects

Series 2012A, Rev., 5.00%, 4/1/2022		870,000		873,174

Series 2017B, Rev., 5.00%, 10/1/2022		290,000		297,207

Series 2013-I, Rev., 5.00%, 11/1/2022		50,000		51,408

Series 2021A, Rev., 5.00%, 2/1/2023		5,000,000		5,188,210

Series 2013-I, Rev., 5.00%, 11/1/2025		660,000		701,326

California State Public Works Board, Department of Corrections and Rehabilitation

Series 2012C, Rev., 5.00%, 6/1/2022		495,000		500,409

Series 2015A, Rev., 5.00%, 6/1/2022		70,000		70,772

Rev., 5.00%, 9/1/2022		45,000		45,967

Series 2013G, Rev., 5.00%, 9/1/2022		55,000		56,182

Series 2014A, Rev., 5.00%, 9/1/2022		220,000		224,729

Series D, Rev., 5.00%, 9/1/2022		40,000		40,860

Series 2014C, Rev., 4.00%, 10/1/2022		35,000		35,667

Series 2014A, Rev., 5.00%, 9/1/2023		65,000		68,825

Series 2016E, Rev., 5.00%, 10/1/2025		175,000		196,720


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Series 2012C, Rev., 4.00%, 6/1/2028		270,000		272,270

California State Public Works Board, Department of State Hospital

Series 2013E, Rev., 5.00%, 6/1/2022		290,000		293,197

Series 2013E, Rev., 5.00%, 6/1/2023		150,000		157,499

California State Public Works Board, Judicial Council of California

Series A, Rev., 5.00%, 3/1/2025		50,000		51,982

Series A, Rev., 5.00%, 3/1/2026		30,000		31,174

California State Public Works Board, Judicial Council Project

Series A, Rev., 4.00%, 3/1/2022		285,000		285,000

Series A, Rev., 5.00%, 3/1/2023		215,000		223,765

Series A, Rev., 5.00%, 3/1/2024		25,000		26,004

California State Public Works Board, Office of Emergency Services Series 2017F, Rev., 5.00%, 4/1/2022		45,000		45,165

California State Public Works Board, State Office Buildings Series 2015F, Rev., 5.00%, 5/1/2022		550,000		554,063

California State Public Works Board, The Regents of the University of California Series A, Rev., NATL-RE, 5.25%, 6/1/2022 (b)		95,000		96,103

California State Public Works Board, Various Capital Projects

Series 2016D, Rev., 4.00%, 4/1/2022		40,000		40,115

Series 2012A, Rev., 5.00%, 4/1/2022		2,765,000		2,775,088

Series 2019B, Rev., 5.00%, 5/1/2022		65,000		65,480

Series 2021B, Rev., 5.00%, 5/1/2022		80,000		80,591

Series 2016C, Rev., 5.00%, 11/1/2022		50,000		51,408

Series 2019C, Rev., 5.00%, 11/1/2022		50,000		51,408

Series B, Rev., 5.00%, 10/1/2023		45,000		47,776

Series 2012G, Rev., 5.00%, 11/1/2023		350,000		359,853

Series H, Rev., 5.00%, 12/1/2025		150,000		164,684

Series 2013-I, Rev., 5.00%, 11/1/2026		40,000		42,470


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

California State Public Works Board, Various Correctional Facilities Series 2018C, Rev., 5.00%, 11/1/2022		20,000		20,563

California State University, Systemwide

Series 2016A, Rev., 3.00%, 11/1/2022		55,000		55,832

Series 2012A, Rev., 3.25%, 11/1/2022 (b)		45,000		45,743

Series 2012A, Rev., 3.75%, 11/1/2022 (b)		75,000		76,487

Series 2012A, Rev., 4.00%, 11/1/2022 (b)		295,000		301,355

Series 2012A, Rev., 5.00%, 11/1/2022 (b)		540,000		555,202

Series 2013A, Rev., 5.00%, 11/1/2022		70,000		71,985

Series 2015A, Rev., 5.00%, 11/1/2022		50,000		51,418

Series 2016A, Rev., 5.00%, 11/1/2022		100,000		102,835

Series 2017A, Rev., 5.00%, 11/1/2022		50,000		51,418

Series 2017C, Rev., 5.00%, 11/1/2022		25,000		25,709

Series 2019A, Rev., 5.00%, 11/1/2022		25,000		25,709

Series 2013A, Rev., 5.00%, 11/1/2023 (b)		145,000		154,402

Series 2015A, Rev., 5.00%, 11/1/2023		65,000		69,237

Series 2016A, Rev., 5.00%, 11/1/2023		20,000		21,304

California Statewide Communities Development Authority, Adventist Health System Series 2018A, Rev., 5.00%, 3/1/2022		100,000		100,000

California Statewide Communities Development Authority, City of Glendora Series A, Rev., AGM, 4.00%, 10/1/2022		25,000		25,483

California Statewide Communities Development Authority, Enloe Medical Center Rev., 5.00%, 8/15/2022		75,000		76,472

California Statewide Communities Development Authority, Henry Mayo Newhall Memorial Hospital Series 2014A, Rev., AGM, 5.25%, 10/1/2024 (b)		400,000		439,854


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

California Statewide Communities Development Authority, Installment Sales Series 2012B, COP, 5.00%, 6/1/2022 (b)		25,000		25,275

California Statewide Communities Development Authority, Montage Health Series 2021A, Rev., 4.00%, 6/1/2022		45,000		45,384

California Statewide Communities Development Authority, North Coast County Water District Series C, Rev., AGM, 4.00%, 10/1/2022		20,000		20,386

California Statewide Communities Development Authority, Rady Children’s Hospital

Series 2016A, Rev., 5.00%, 8/15/2023		75,000		79,230

Series 2016B, Rev., 5.00%, 8/15/2025		125,000		140,058

California Statewide Communities Development Authority, Redlands Community Hospital Rev., 5.00%, 10/1/2022		40,000		40,980

California Statewide Communities Development Authority, Southern California Edison Co. Series D, Rev., 2.63%, 12/1/2023 (c)		115,000		117,199

California Statewide Communities Development Authority, The Terraces at San Joaquin Gardens Project Rev., 5.63%, 10/1/2022 (b)		1,000,000		1,027,871

Camarillo Community Development Commission Successor Agency, Camarillo Corridor Project Rev., AGM, 5.00%, 9/1/2023		25,000		26,417

Campbell Union High School District

GO, 4.00%, 8/1/2022		50,000		50,707

GO, 5.00%, 8/1/2022		20,000		20,365

GO, 5.00%, 8/1/2022 (b)		25,000		25,452

GO, 5.00%, 8/1/2023 (b)		25,000		26,406

Campbell Union High School District, Election of 2016 Series B, GO, 4.00%, 8/1/2022		130,000		131,839

Campbell Union School District GO, 5.00%, 8/1/2022		20,000		20,365

Capistrano Unified School District Community Facilities District No. 90-2, Special Tax Rev., AGM, 3.75%, 9/1/2022		80,000		81,216


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Capistrano Unified School District Community Facilities District, Special Tax Rev., 5.00%, 9/1/2022		65,000		66,344

Carlsbad Unified School District

Series 2017B, GO, 4.00%, 8/1/2022		20,000		20,281

GO, 5.00%, 8/1/2022		70,000		71,274

Series 2009B, GO, 6.00%, 5/1/2024		100,000		110,088

Carlsbad Unified School District, Election of 2018 Series 2018A, GO, 5.00%, 8/1/2022		190,000		193,456

Carlsbad Unified School District, School Financing Project COP, 5.00%, 10/1/2022		50,000		51,204

Carpinteria Valley Water District

Series 2016A, Rev., 5.00%, 7/1/2022		100,000		101,379

Series 2020A, Rev., 5.00%, 7/1/2022		100,000		101,378

Castaic Lake Water Agency, Capital Appreciation, Water System Improvement Project Series 1999A, COP, AMBAC, Zero Coupon, 8/1/2023		45,000		44,192

Castro Valley Unified School District

GO, 2.50%, 8/1/2022		35,000		35,278

GO, 5.00%, 8/1/2022 (b)		105,000		106,897

Center Unified School District, Election of 2008 Series 2020A, GO, 4.00%, 8/1/2022		225,000		228,022

Centinela Valley Union High School District, Capital Appreciation Series 2009A, GO, AGM, Zero Coupon, 8/1/2022		20,000		19,931

Central Contra Costa Sanitary District Series 2018A, Rev., 5.00%, 9/1/2022		25,000		25,542

Central School District, Election of 2012 Series C, GO, 2.00%, 8/1/2022		25,000		25,145

Cerritos Community College District

Series 2019C, GO, 4.00%, 8/1/2022		25,000		25,358

Series A, GO, 5.00%, 8/1/2022		110,000		112,029

Chabot-Las Positas Community College District

GO, 5.00%, 8/1/2022		45,000		45,815

GO, 5.00%, 8/1/2023 (b)		100,000		105,550

Chaffey Community College District Series A, GO, 5.00%, 6/1/2022		75,000		75,834


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Chaffey Joint Union High School District, Election of 2008 Series A, GO, 5.00%, 8/1/2023 (b)		30,000		31,687

Chico Unified School District Election of 2012 Series 2012A, GO, 5.00%, 8/1/2023 (b)		25,000		26,406

Chino Basin Regional Financing Authority Series 2020A, Rev., 5.00%, 6/1/2022		40,000		40,441

Chino Basin Regional Financing Authority, Inland Utilities Series 2017A, Rev., 5.00%, 11/1/2022		95,000		97,681

Chino Hills Financing Authority Rev., 4.00%, 6/1/2022		50,000		50,433

Chino Valley Unified School District, Election of 2002 Series 2012A, GO, 5.00%, 8/1/2022 (b)		30,000		30,542

Chula Vista Elementary School District

COP, AGM, 4.00%, 9/1/2022		50,000		50,819

COP, AGM, 5.00%, 9/1/2022		35,000		35,747

Rev., BAN, Zero Coupon, 8/1/2023		20,000		19,685

COP, AGM, 5.00%, 9/1/2023		30,000		31,724

Chula Vista Municipal Financing Authority

Series 2015B, Rev., 5.00%, 9/1/2023		45,000		47,434

Rev., 5.00%, 5/1/2024		10,000		10,798

Chula Vista Redevelopment Agency Successor Agency Rev., 4.00%, 10/1/2022		30,000		30,505

Citrus Community College District Series 2015A, GO, 5.00%, 8/1/2022		150,000		152,729

City & County of San Francisco

Series 2015-R1, GO, 5.00%, 6/15/2022		255,000		258,252

Series 2018C, GO, 5.00%, 6/15/2022		25,000		25,319

Series 2021-R1, GO, 5.00%, 6/15/2022		135,000		136,722

City & County of San Francisco, Moscon Center

Series 2017B, COP, 5.00%, 4/1/2022		45,000		45,160

Series 2011A, COP, 5.00%, 9/1/2022		115,000		115,390

City & County of San Francisco, Multi-Family, Eastern Park Apartments Series 2019K, Rev., 1.30%, 1/1/2023 (c)		520,000		520,342


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

City and County of San Francisco

Series 2020D-1, GO, 4.00%, 6/15/2022		45,000		45,445

Series 2014A, GO, 5.00%, 6/15/2022		80,000		81,020

Series 2016D, GO, 5.00%, 6/15/2022		45,000		45,574

Series 2020-R1, GO, 5.00%, 6/15/2022		20,000		20,255

Series 2015A-1, COP, 5.00%, 4/1/2023		30,000		31,330

City and County of San Francisco, City Office Buildings - Multiple Properties Project Series 2015-R1, COP, 5.00%, 9/1/2022		25,000		25,541

City and County of San Francisco, Earthquake Safety and Emergency GO, 5.00%, 6/15/2022		20,000		20,255

City and County of San Francisco, Juvenile Hall Project Series 2014-R2, COP, 5.00%, 4/1/2022		90,000		90,331

City and County of San Francisco, Moscone Convention Centre Series 2017B, COP, 5.00%, 4/1/2025		75,000		83,167

City and County of San Francisco, Multiple Capital Improvement Projects COP, 5.00%, 4/1/2022		25,000		25,092

City and County of San Francisco, Tax Exempt Series 2017A, GO, 5.00%, 6/15/2022		100,000		101,275

City and County of San Francisco, Transit Road Improvement Series 2018B, GO, 5.00%, 6/15/2022		20,000		20,255

City of Albany GO, 5.00%, 8/1/2022		50,000		50,914

City of Azusa, Water System

Rev., 5.00%, 7/1/2022		140,000		142,062

Series 2012A, Rev., 5.00%, 7/1/2022		50,000		50,736

City of Bakersfield, Wastewater Series 2015A, Rev., 5.00%, 9/15/2022		60,000		61,397

City of Berkeley GO, 5.00%, 9/1/2022		20,000		20,435

City of Brea, Water Utility Rev., 4.00%, 7/1/2022		75,000		75,857

City of Burbank, Wastewater Treatment Rev., 5.00%, 6/1/2022		35,000		35,389

City of Calabasas

COP, 5.00%, 12/1/2022		60,000		61,798

COP, 5.00%, 12/1/2023		55,000		58,620


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

City of Gilroy, Wastewater Rev., 5.00%, 8/1/2022		25,000		25,457

City of Glendora, Waterworks Series 2016A, Rev., 5.00%, 10/1/2022		25,000		25,629

City of Lincoln, Community Facilities District No. 2003-1, Lincoln Crossing Project, Special Tax Rev., 4.00%, 9/1/2022		70,000		71,087

City of Livermore

Series 2020B, COP, 4.00%, 10/1/2022		150,000		152,825

Series 2020B, COP, 4.00%, 10/1/2023		40,000		41,836

City of Livingston, Sewer Series 2016A, Rev., 4.00%, 3/1/2022		20,000		20,000

City of Long Beach Harbor

Series 2014B, Rev., 5.00%, 5/15/2023		70,000		73,412

Series 2015B, Rev., 5.00%, 5/15/2023		60,000		62,925

City of Long Beach Harbor, Private Activity

Series 2020A, Rev., 4.00%, 5/15/2024		20,000		21,230

Rev., 4.00%, 5/15/2025		155,000		168,310

Rev., 5.00%, 5/15/2025		115,000		128,474

City of Los Alamitos COP, 5.00%, 10/1/2022		30,000		30,738

City of Los Angeles

Series B, Rev., 5.00%, 6/1/2022		55,000		55,608

Rev., TRAN, 4.00%, 6/23/2022		50,000		50,519

Series 2021B, GO, 5.00%, 9/1/2022		25,000		25,525

Series C, Rev., 5.00%, 6/1/2023		80,000		80,801

Series 2012B, Rev., 5.00%, 6/1/2024		135,000		136,471

Series C, Rev., 5.00%, 6/1/2025		145,000		146,573

Series 2013A, Rev., 5.00%, 6/1/2027		75,000		78,605

City of Los Angeles Department of Airports, International Airport Subordinate

Series 2016A, Rev., AMT, 5.00%, 5/15/2022		20,000		20,170

Series 2019C, Rev., 5.00%, 5/15/2022		155,000		156,404

Series C, Rev., 5.00%, 5/15/2022		25,000		25,227

Series 2018E, Rev., 5.00%, 5/15/2024		15,000		16,221


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

City of Los Angeles, Senior Lien Series B, Rev., 5.00%, 6/1/2024		65,000		65,708

City of Los Angeles, Solid Waste Resources

Series 2013A, Rev., 2.00%, 2/1/2023		45,000		45,476

Series 2015A, Rev., 5.00%, 2/1/2023		25,000		25,946

City of Los Angeles, Tax Exempt

Series 2017B, GO, 5.00%, 9/1/2022		45,000		45,944

City of Los Angeles, Wastewater System

Series 2013B, Rev., 4.00%, 6/1/2022		90,000		90,745

Series 2012B, Rev., 5.00%, 6/1/2022		25,000		25,276

Series 2013-B, Rev., 5.00%, 6/1/2022		430,000		434,621

Series 2015-A, Rev., 5.00%, 6/1/2022		90,000		90,995

Series C, Rev., 5.00%, 6/1/2022		100,000		101,105

Subseries B, Rev., 5.00%, 6/1/2023		150,000		157,556

Series 2013A, Rev., 5.00%, 6/1/2026		50,000		52,410

City of Manhattan Beach, Police and Fire Facility COP, 3.00%, 1/1/2023		25,000		25,442

City of Manteca Rev., 5.00%, 7/1/2022		40,000		40,577

City of Napa Rev., 5.00%, 5/1/2022		25,000		25,186

City of Newark COP, 5.00%, 6/1/2023		45,000		47,146

City of Newport Beach Series 2020A, COP, 4.00%, 7/1/2022		25,000		25,283

City of Oakland Series 2015A, GO, 5.00%, 1/15/2023		65,000		67,344

City of Oakland, Sewer

Series 2014A, Rev., 5.00%, 6/15/2022		50,000		50,641

Series 2014A, Rev., 5.00%, 6/15/2023		35,000		36,826

City of Oceanside Series 2020A, Rev., 4.00%, 5/1/2022		45,000		45,261

City of Palo Alto, Avenue Parking Garage Series 2019A, COP, 5.00%, 11/1/2023		50,000		53,259

City of Pasadena

Series 2011A, Rev., 4.00%, 6/1/2022		60,000		60,521

Series 2012A, Rev., 4.00%, 6/1/2022		20,000		20,167

Series 2016A, Rev., 5.00%, 6/1/2022		25,000		25,271


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

City of Pico Rivera, Sales Tax Series 2018A, COP, AGM, 5.00%, 6/1/2023		35,000		36,768

City of Pittsburg Series A, Rev., 5.00%, 8/1/2022		125,000		127,274

City of Porterville, Water System Financing Project COP, AGM, 4.00%, 8/15/2022		20,000		20,301

City of Redding, Electric System Rev., 5.00%, 6/1/2022		275,000		278,059

City of Richmond, Wastewater, Capital Appreciation Rev., FGIC, Zero Coupon, 8/1/2023 (b)		200,000		196,520

City of Riverside

Series 2018A, Rev., 5.00%, 8/1/2022		75,000		76,377

Series 2019A, Rev., 5.00%, 10/1/2022		115,000		117,892

City of Roseville, 316 Vernon Street Project COP, 5.00%, 8/1/2022		40,000		40,716

City of Sacramento Rev., 5.00%, 9/1/2022		60,000		61,299

City of Sacramento, Convention Center Ballroom Rev., 5.00%, 6/1/2023		175,000		182,609

City of Salinas, Sanitary Sewer System Rev., 4.00%, 8/1/2022 (b)		50,000		50,697

City of San Francisco, Public Utilities Commission

Series 2012A, Rev., 4.00%, 5/1/2022 (b)		1,215,000		1,221,948

Series 2012C, Rev., 4.00%, 5/1/2022 (b)		95,000		95,543

Series 2012A, Rev., 5.00%, 5/1/2022 (b)		370,000		372,721

Series 2012C, Rev., 5.00%, 5/1/2022 (b)		160,000		161,176

Subseries A, Rev., 5.00%, 5/1/2022 (b)		145,000		146,066

Rev., 5.00%, 11/1/2022		75,000		77,132

Series 2015A, Rev., 5.00%, 11/1/2022		50,000		51,421

Series 2016A, Rev., 5.00%, 11/1/2022		125,000		128,553

Series 2015A, Rev., 5.00%, 11/1/2023		60,000		63,880

Series 2017A, Rev., 5.00%, 11/1/2024 (b)		30,000		32,964


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

City of San Mateo, Library Improvement Project GO, 4.00%, 8/1/2022		20,000		20,283

City of Santa Clara, Electric Power Supply, Silicon Valley Power

Series 2013A, Rev., 5.00%, 7/1/2022		130,000		131,862

Series 2018A, Rev., 5.00%, 7/1/2022		100,000		101,433

City of Santa Cruz Rev., 5.00%, 3/1/2023		45,000		46,867

City of Santa Rosa, Wastewater

Series 2012A, Rev., 5.00%, 9/1/2022 (b)		145,000		148,117

Series 2014A, Rev., 5.00%, 9/1/2022		20,000		20,435

Series 2016A, Rev., 5.00%, 9/1/2022		50,000		51,082

City of Sausalito, 2016 Financing Project COP, 4.00%, 5/1/2023		50,000		51,782

City of Solana Beach, (San Diego County) Rev., 3.00%, 3/1/2022		65,000		65,000

City of South Lake Tahoe, Road Improvement Projects COP, 4.00%, 9/1/2022		50,000		50,761

City of Susanville, Natural Gas Enterprise Rev., AGM, 3.00%, 6/1/2023		20,000		20,477

City of Tulare, Sewer System

Rev., AGM, 3.75%, 11/15/2022 (b)		40,000		40,811

Rev., AGM, 5.00%, 11/15/2022		30,000		30,853

Cloverdale Unified School District, Election of 2018 Series B, GO, 4.00%, 8/1/2022		35,000		35,492

Clovis Unified School District, Election of 2012

Series 2012A, GO, Zero Coupon, 8/1/2022 (b)		150,000		87,718

Series 2012A, GO, 3.00%, 8/1/2022 (b)		40,000		40,391

Series 2012A, GO, 4.00%, 8/1/2022		60,000		60,849

Series 2012A, GO, 4.00%, 8/1/2022 (b)		30,000		30,418

Series 2012A, GO, 5.00%, 8/1/2022 (b)		70,000		71,264

Series 2012D, GO, 5.00%, 8/1/2022		25,000		25,457

Series C, GO, 5.00%, 8/1/2022		65,000		66,188

Series B, GO, 5.00%, 8/1/2023 (b)		20,000		21,125


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Clovis Unified School District, Election of 2020 Series 2020A, GO, 3.00%, 8/1/2022		50,000		50,495

Coachella Redevelopment Agency Successor Agency Rev., AGM, 5.00%, 9/1/2022		150,000		153,095

Coachella Redevelopment Agency Successor Agency, Merged Project Areas Series A, Rev., AGM, 5.00%, 9/1/2022		25,000		25,516

Coachella Valley Unified School District, Election of 2005

Series 2012D, GO, AGM, 4.00%, 8/1/2022 (b)		25,000		25,349

Series 2012D, GO, AGM, 4.13%, 8/1/2022 (b)		25,000		25,361

Series 2012D, GO, AGM, 5.00%, 8/1/2022 (b)		75,000		76,355

Coast Community College District Series A, GO, 5.00%, 8/1/2022		330,000		335,919

Coast Community College District, Election of 2012

Series 2013A, GO, 4.00%, 8/1/2023 (b)		20,000		20,844

Series 2013A, GO, 5.00%, 8/1/2023 (b)		30,000		31,687

Colton Joint Unified School District GO, 3.25%, 8/1/2022 (b)		30,000		30,318

Colton Joint Unified School District, Election of 2008

Series 2016D, GO, 4.00%, 8/1/2022		25,000		25,346

Series 2010B, GO, AGM, 5.80%, 8/21/2026 (b)		25,000		29,758

Contra Costa Community College District

GO, 4.00%, 8/1/2022		120,000		121,672

GO, 4.00%, 8/1/2022 (b)		215,000		217,997

GO, 5.00%, 8/1/2022 (b)		60,000		61,084

Contra Costa Community College District, Election of 2006 GO, 5.00%, 8/1/2023 (b)		20,000		21,124

Contra Costa Community College District, Election of 2014

Series 2019B-2, GO, 4.00%, 8/1/2022		250,000		253,484

Series C, GO, 4.00%, 8/1/2023		25,000		26,052

Contra Costa County Public Financing Authority, Capital Projects Series B, Rev., 5.00%, 6/1/2022		30,000		30,328


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Contra Costa County Transportation Authority, Sales Tax Series 2015A, Rev., 5.00%, 3/1/2022		65,000		65,000

Contra Costa Transportation Authority

Series 2015A, Rev., 4.00%, 3/1/2023		65,000		67,006

Series 2012B, Rev., 5.00%, 3/1/2023 (b)		55,000		57,253

Contra Costa Water District

Series T, Rev., 4.00%, 10/1/2022		25,000		25,480

Series 2012Q, Rev., 5.00%, 10/1/2022		70,000		71,748

Series R, Rev., 5.00%, 10/1/2022		50,000		51,248

Series T, Rev., 5.00%, 10/1/2022		45,000		46,124

Series U, Rev., 5.00%, 10/1/2022		90,000		92,247

Corona Utility Authority, Water Projects Rev., 5.00%, 9/1/2022		30,000		30,652

Coronado Unified School District GO, 5.00%, 8/1/2022		50,000		50,914

Corona-Norco Unified School District Public Financing Authority, Senior Lien Series A, Rev., 5.00%, 9/1/2023 (b)		20,000		21,168

Corona-Norco Unified School District, Election of 2014 Series B, GO, 4.00%, 8/1/2022		25,000		25,352

Corona-Norco Unified School District, Riverside County GO, 4.00%, 8/1/2022		20,000		20,281

Cotati-Rohnert Park Unified School District GO, 4.00%, 8/1/2022		105,000		106,477

County of Calaveras COP, 3.00%, 11/1/2022		110,000		111,554

County of Los Angeles, Disney Concert Hall Parking Garage

COP, 5.00%, 3/1/2022		495,000		495,000

COP, 5.00%, 9/1/2022		140,000		142,881

COP, 5.00%, 3/1/2023		250,000		259,682

County of Marin, 2015 Financing Project COP, 5.00%, 11/1/2022		50,000		51,397

County of Mono, Mono County Civic Center Series 2018A, COP, 5.00%, 10/1/2022		260,000		265,739

County of Monterey, Public Facilities Refinancing COP, 5.00%, 10/1/2022		25,000		25,615

County of Napa COP, 5.00%, 6/1/2022		120,000		121,308

County of Orange Series 2019A, Rev., 5.00%, 7/1/2022		175,000		177,477


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

County of Riverside Rev., TRAN, 2.00%, 6/30/2022		185,000		185,800

County of Sacramento, Airport System Series 2018B, Rev., 5.00%, 7/1/2022 (b)		220,000		223,092

County of San Bernardino, Arrowhead Project Series 2019A, COP, 5.00%, 10/1/2022		25,000		25,611

County of San Diego, Sanford Burnham Prebys Medical Discovery Institute Series 2015A, Rev., 5.00%, 11/1/2022		25,000		25,694

County of San Joaquin COP, AGM, 5.00%, 11/15/2022		125,000		128,655

County of Santa Clara, Election of 2008

Series 2013B, GO, 5.00%, 8/1/2022		145,000		147,644

Series 2013B, GO, 5.00%, 8/1/2024		60,000		61,086

County of Santa Cruz Rev., TRAN, 2.00%, 7/5/2022		10,000,000		10,040,414

County of Solano COP, 5.00%, 11/1/2022		80,000		82,263

County of Sonoma, Measure F Sales Tax, Limited Tax, Agricultural Preservation and Open Space Rev., 5.00%, 9/1/2022		80,000		81,719

Cucamonga Valley Water District Financing Authority

Rev., 4.00%, 9/1/2022 (b)		60,000		60,992

Rev., 5.00%, 9/1/2022		20,000		20,430

Series 2021B, Rev., 5.00%, 9/1/2022		20,000		20,430

Culver Redevelopment Agency Successor Agency Series 2017A, Rev., 5.00%, 11/1/2022		45,000		46,203

Cupertino Union School District

Series 2012A, GO, 4.00%, 8/1/2022		70,000		70,990

Series 2012A, GO, 4.00%, 8/1/2022 (b)		55,000		55,766

GO, 5.00%, 8/1/2022		120,000		122,193

Series 2012A, GO, 5.00%, 8/1/2022 (b)		135,000		137,439

Cupertino Union School District, 2013 Crossover Series 2013A, GO, 5.00%, 8/1/2023 (b)		70,000		73,936

Cutler-Orosi Joint Unified School District, Capital Improvement Projects COP, 5.00%, 5/1/2022		30,000		30,212

Desert Community College District GO, 5.00%, 8/1/2022		120,000		122,203


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Desert Community College District, Riverside and Imperial County GO, 5.00%, 8/1/2023 (b)		50,000		52,811

Desert Hot Springs Redevelopment Agency Successor Agency, Subordinate Tax Rev., 5.00%, 9/1/2022		30,000		30,605

Desert Sands Unified School District

COP, AGM, 4.00%, 3/1/2022		25,000		25,000

COP, 5.00%, 3/1/2022		75,000		75,000

Series 2013A, GO, 5.00%, 6/1/2022		45,000		45,502

GO, 5.00%, 8/1/2022		25,000		25,458

GO, 5.00%, 8/1/2023		10,000		10,569

Desert Water Agency Rev., 4.00%, 5/1/2022		100,000		100,580

Downey Public Finance Authority

Rev., 5.00%, 12/1/2022		40,000		41,257

Rev., 5.00%, 12/1/2023		75,000		80,058

Dry Creek Joint Elementary School District GO, 4.00%, 8/1/2022		30,000		30,424

Duarte Unified School District, Election of 2010 Series 2011B, GO, 3.25%, 8/1/2022		25,000		25,264

Dublin Unified School District

GO, 4.00%, 8/1/2022		25,000		25,354

GO, 5.00%, 8/1/2022		135,000		137,467

Dublin Unified School District, Election of 2016 GO, 5.00%, 8/1/2022		110,000		112,010

East Bay Municipal Utility District Wastewater System Series 2014A, Rev., 5.00%, 6/1/2022		155,000		156,717

East Bay Municipal Utility District, Wastewater System Series 2017A, Rev., 5.00%, 6/1/2022		80,000		80,886

East Bay Municipal Utility District, Water System

Series 2012B, Rev., 5.00%, 6/1/2022		205,000		207,270

Series 2014B, Rev., 5.00%, 6/1/2022		20,000		20,222

East Bay Regional Park District Series B-1, GO, 5.00%, 9/1/2022		20,000		20,433

East Bay Regional Park District, Election of 2008 Series 2013A, GO, 4.00%, 9/1/2022		50,000		50,834

East Side Union High School District

GO, 4.00%, 8/1/2022		25,000		25,343

GO, AGM, 5.25%, 9/1/2022		100,000		102,289


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Series B, GO, NATL-RE, 5.25%, 2/1/2023		950,000		987,828

East Side Union High School District, Election of 2008

Series D, GO, 4.00%, 8/1/2022 (b)		30,000		30,418

Series D, GO, 5.00%, 8/1/2022 (b)		40,000		40,723

East Side Union High School District, Election of 2012

Series B, GO, 5.00%, 8/1/2022		65,000		66,160

Eastern Municipal Water District, Water and Wastewater System

Series 2016A, Rev., 5.00%, 7/1/2022		210,000		213,079

Series C, Rev., 5.00%, 7/1/2022		40,000		40,586

El Camino Community College District Foundation (The) GO, 5.00%, 8/1/2022		275,000		280,026

El Camino Healthcare District GO, 5.00%, 8/1/2022		45,000		45,820

El Dorado Irrigation District

Series 2016A, Rev., 5.00%, 3/1/2022 (b)		30,000		30,000

Series 2016B, COP, 5.00%, 3/1/2023		55,000		57,265

El Dorado Union High School District, 2021 Energy Efficiency Projects COP, AGM, 2.00%, 12/1/2022		160,000		161,195

El Monte City School District Series 2014A, GO, 5.00%, 5/1/2022		25,000		25,178

El Monte City School District, Election of 2004 Series 2008C, GO, AGC, Zero Coupon, 8/1/2023		600,000		576,615

El Segundo Unified School District Series 2018A, GO, 5.00%, 8/1/2022		50,000		50,914

Elk Grove Unified School District, Election of 2016 GO, 5.00%, 8/1/2022		60,000		61,089

Elsinore Valley Municipal Water District Financing Authority Series 2016A, Rev., 5.00%, 7/1/2022		150,000		152,184

Emeryville Redevelopment Agency, Successor Agency Tax Allocation Series A, Rev., AGM, 5.00%, 9/1/2022		150,000		153,057

Escondido Union School District GO, 5.00%, 8/1/2022		50,000		50,914

Etiwanda School District Public Financing Authority Series 2018A, Rev., 5.00%, 9/1/2022		35,000		35,761


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Evergreen School District GO, 5.00%, 9/1/2022		70,000		71,522

Exeter Unified School District GO, 4.00%, 8/1/2022		25,000		25,336

Fairfield Community Facilities District, North Cordella General Improvements, Special Tax Rev., 4.00%, 9/1/2022		65,000		66,091

Fairfield-Suisun Unified School District GO, 4.00%, 8/1/2022		20,000		20,283

Fairfield-Suisun Unified School District, Election of 2016 GO, 5.00%, 8/1/2022		25,000		25,457

Fall River Joint Unified School District GO, 3.00%, 8/1/2022		50,000		50,468

Fallbrook Union High School District, Election of 2016 Series 2020B, GO, 4.00%, 8/1/2022		50,000		50,684

Fillmore Redevelopment Agency Successor Agency Rev., 5.00%, 6/1/2022		100,000		101,034

Folsom Cordova Unified School District School Facilities Improvement Dist No. 2, Capital Appreciation Series 2002A, GO, NATL-RE, Zero Coupon, 10/1/2022		20,000		19,903

Folsom Cordova Unified School District School Facilities Improvement Dist No. 3, Capital Appreciation, Election of 2007 Series 2007A, GO, NATL-RE, Zero Coupon, 10/1/2022		20,000		19,892

Folsom Cordova Unified School District School Facilities Improvement Dist No. 4, Election of 2012 Series A, GO, 5.00%, 10/1/2023 (b)		20,000		21,240

Folsom Public Financing Authority Rev., 4.00%, 12/1/2022		35,000		35,853

Fontana Redevelopment Agency, Successor Agency, Tax Allocation Series 2017A, Rev., 5.00%, 10/1/2023		30,000		31,797

Fontana Unified School District

GO, 3.13%, 8/1/2022 (b)		20,000		20,205

GO, 5.00%, 8/1/2022 (b)		75,000		76,355

Foothill-De Anza Community College District

COP, 4.00%, 4/1/2022 (b)		25,000		25,071

GO, 4.00%, 8/1/2022		30,000		30,419

GO, 5.00%, 8/1/2022 (b)		215,000		218,884


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

GO, 5.00%, 8/1/2022		135,000		137,444

Series 2003B, GO, 6.00%, 8/1/2022		50,000		51,112

Fremont Public Financing Authority

Rev., 5.00%, 10/1/2022		75,000		76,886

Rev., 5.00%, 10/1/2023		50,000		53,028

Series 2017B, Rev., 5.00%, 10/1/2023		25,000		26,514

Fremont Unified School District

GO, 4.00%, 8/1/2022		25,000		25,353

GO, 4.25%, 8/1/2022 (b)		50,000		50,748

GO, 4.50%, 8/1/2022		50,000		50,808

GO, 5.00%, 8/1/2022 (b)		155,000		157,800

Fremont Unified School District, Election of 2014 Series D, GO, 4.00%, 8/1/2022		25,000		25,353

Fremont Union High School District GO, 5.00%, 8/1/2022		145,000		147,638

Fresno County Financing Authority Rev., 5.00%, 4/1/2023		550,000		574,440

Fullerton Joint Union High School District GO, 5.00%, 8/1/2022		25,000		25,456

Fullerton Joint Union High School District, Election of 2014 Series 2015A, GO, 5.00%, 8/1/2022		150,000		152,735

Fullerton School District GO, 4.00%, 8/1/2022		20,000		20,283

Garden Grove Agency Community Development Successor Agency, Tax Allocation Rev., 5.00%, 10/1/2023		20,000		21,188

Garden Grove Sanitary District Rev., 5.00%, 6/15/2022		90,000		91,153

Garden Grove Unified School District, Election of 2010

Series C, GO, 5.00%, 8/1/2023		10,000		10,565

Series C, GO, 5.25%, 8/1/2023 (b)		50,000		52,986

Gateway Unified School District, Election of 2008 GO, AGM, 5.00%, 8/1/2023 (b)		20,000		21,125

Gavilan Joint Community College District

Series 2012B, GO, 3.63%, 8/1/2022 (b)		25,000		25,309

GO, 5.00%, 8/1/2022 (b)		30,000		30,542

Glendale Community College District Series B, GO, 4.00%, 8/1/2022		95,000		96,344

Glendale Community College District, Election of 2002 Series 2013F, GO, 3.00%, 8/1/2022 (b)		50,000		50,488


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Glendale Unified School District

Series E, GO, 3.00%, 9/1/2022		30,000		30,355

GO, 4.25%, 9/1/2022 (b)		30,000		30,533

Series 2015A, GO, 5.00%, 9/1/2022		30,000		30,653

Glendora Unified School District, Capital Appreciation Series 2003B, GO, NATL-RE, Zero Coupon, 8/1/2022		20,000		19,942

Gold Coast Transit District COP, 5.00%, 7/1/2022		170,000		172,366

Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement

Series 2018A, Rev., 3.00%, 6/1/2022 (b)		100,000		100,594

Series 2015A, Rev., 5.00%, 6/1/2022 (b)		25,000		25,272

Series 2018A, Rev., 5.00%, 6/1/2022 (b)		700,000		707,611

Series 2018A-1, Rev., 5.00%, 6/1/2022 (b)		50,000		50,550

Series 2018A-2, Rev., 5.00%, 6/1/2022 (b)		100,000		101,074

Series 2017A-1, Rev., 5.00%, 6/1/2023 (b)		675,000		708,484

Golden Valley Unified School District, 2021 School Financing Project COP, 3.00%, 9/1/2022		275,000		277,827

Grossmont Healthcare District

Series D, GO, 5.00%, 7/15/2022		20,000		20,326

Series C, GO, 5.00%, 7/15/2024		25,000		27,176

Grossmont Union High School District GO, 5.00%, 8/1/2022		65,000		66,188

Grossmont Union High School District, Election of 2004 GO, 5.00%, 8/1/2022		20,000		20,365

Grossmont Union High School District, Election of 2008

Series 2008H-2, GO, 5.00%, 8/1/2022		20,000		20,365

Series G-2, GO, 5.00%, 8/1/2022		30,000		30,548

Series E, GO, 5.00%, 8/1/2023 (b)		20,000		21,125

Grossmont-Cuyamaca Community College District

GO, 5.00%, 8/1/2022		200,000		203,596

GO, 5.00%, 8/1/2023		30,000		31,674

Grossmont-Cuyamaca Community College District, Election of 2012 Series 2013A, GO, 5.25%, 8/1/2023 (b)		50,000		52,950


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Hacienda La Puente Unified School District Facilities Financing Authority Rev., AGM, 5.00%, 8/1/2022		25,000		25,457

Harmony Union School District, Election of 2018 Series B, GO, 3.00%, 8/1/2022		60,000		60,569

Hartnell Community College District Series A, GO, 5.00%, 8/1/2022		25,000		25,457

Hayward Area Recreation and Park District Series A, GO, 5.00%, 8/1/2022		30,000		30,548

Hayward Unified School District, Election of 2018 GO, AGM, 5.00%, 8/1/2022		35,000		35,638

Healdsburg Unified School District, Election of 2016 Series A, GO, 5.00%, 8/1/2022		20,000		20,365

Helendale School District COP, AGM, 2.50%, 12/1/2022		20,000		20,230

Hemet Unified School District

GO, AGM, 3.25%, 8/1/2022 (b)		25,000		25,265

COP, AGM, 4.00%, 10/1/2022		250,000		254,458

Hermosa Beach Public Financing Authority Rev., 4.00%, 11/1/2024		25,000		26,756

Hesperia Unified School District Series 2013A, COP, 4.00%, 2/1/2023 (b)		30,000		30,835

Hollister School District, Election of 2016 Series 2019B, GO, 4.00%, 9/1/2022		20,000		20,334

Huntington Beach City School District COP, 4.00%, 7/1/2022		35,000		35,386

Huntington Beach Public Financing Authority Series 2014A, Rev., 4.00%, 9/1/2023		50,000		52,064

Huntington Beach Union High School District

GO, 5.00%, 8/1/2022		95,000		96,708

COP, 5.00%, 9/1/2022		40,000		40,851

GO, 5.00%, 8/1/2023 (b)		105,000		110,904

Imperial Beach Redevelopment Agency Successor Agency, Palm Avenue Commercial Redevelopment Project Rev., 5.00%, 6/1/2022		35,000		35,382

Imperial Community College District

GO, AGM, 3.00%, 8/1/2022 (b)		25,000		25,239

GO, AGM, 5.00%, 8/1/2022 (b)		50,000		50,893

Series 2014A, GO, AGM, 4.63%, 8/1/2023 (b)		30,000		31,507


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Imperial Public Financing Authority, Water Facility Rev., 3.50%, 10/15/2022		25,000		25,416

Inglewood Public Financing Authority Rev., Zero Coupon, 8/1/2022 (b)		250,000		145,586

Inglewood Unified School District, Election of 2012

Series 2013A, GO, AGM, 5.00%, 8/1/2023 (b)		25,000		26,387

Series 2013A, GO, AGM, 5.13%, 8/1/2023 (b)		20,000		21,145

Irvine Ranch Water District COP, 5.00%, 3/1/2022		30,000		30,000

Irvine Unified School District, School Facilities Improvement District No. 1 Series 2016A, GO, 5.00%, 9/1/2022		25,000		25,544

Jefferson Elementary School District

GO, 5.00%, 7/15/2022 (b)		130,000		132,115

GO, 5.00%, 9/1/2022		25,000		25,544

Jefferson Elementary School District, Election of 2018 Series 2020B, GO, 3.00%, 9/1/2022		50,000		50,592

Jefferson Union High School District GO, 5.00%, 8/1/2022		60,000		61,096

Jefferson Union High School District, Election of 2012 Series A, GO, 4.00%, 8/1/2022		45,000		45,633

Jurupa Unified School District

GO, AGM, 5.00%, 8/1/2022 (b)		40,000		40,714

GO, AGM, 5.00%, 8/1/2022		25,000		25,431

Kentfield School District, Election of 2014 Series B, GO, 4.00%, 8/1/2022		25,000		25,354

Kern Community College District COP, 5.00%, 6/1/2022		275,000		277,997

Kern Community College District, Election of 2016, Facilities Improvement District No. 1

Series 2018B, GO, 5.00%, 8/1/2022		95,000		96,720

Series 2016C, GO, 4.00%, 8/1/2023		75,000		78,156

Series 2018B, GO, 5.00%, 8/1/2023		25,000		26,402

Kern High School District GO, 5.00%, 8/1/2022		215,000		218,929

La Mesa-Spring Valley School District, Capital Appreciation, Election of 2002 Series 2002B, GO, NATL-RE, Zero Coupon, 8/1/2022		20,000		19,936


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

La Mirada Public Financing Authority

Rev., 5.00%, 5/1/2022		25,000		25,184

Rev., 5.00%, 5/1/2023		25,000		26,180

Lake Tahoe Unified School District GO, 4.00%, 8/1/2022		50,000		50,688

Lake Tahoe Unified School District, Election 2008 GO, 4.00%, 8/1/2022 (b)		30,000		30,412

Lancaster School District, Election of 2012 Series A, GO, AGM, 4.00%, 8/1/2023 (b)		20,000		20,830

Larkspur-Corte Madera School District Series 2021A, GO, 4.00%, 8/1/2022		50,000		50,701

Las Virgenes Unified School District GO, 4.00%, 8/1/2022		35,000		35,495

Liberty Union High School District

GO, 3.50%, 8/1/2022 (b)		95,000		96,124

GO, 5.00%, 8/1/2022		35,000		35,635

Liberty Union High School District, Election of 2016 Series B, GO, 4.00%, 8/1/2022		25,000		25,351

Lincoln Public Financing Authority Series A, Rev., 4.00%, 10/1/2022		25,000		25,409

Local Public Schools Funding Authority School Improvement District No. 2016-1 Series 2020A, GO, 5.00%, 8/1/2022		45,000		45,811

Lodi Public Financing Authority

Series 2020A, Rev., 4.00%, 6/1/2022		40,000		40,340

Rev., AGM, 5.00%, 9/1/2022		25,000		25,543

Lodi Unified School District

GO, AGM, 5.00%, 8/1/2022		25,000		25,450

GO, AGM, 5.00%, 8/1/2023		270,000		274,361

Lodi Unified School District, Election of 2006 GO, 3.00%, 8/1/2023		40,000		41,066

Lodi Unified School District, Election of 2016 Series 2020, GO, 4.00%, 8/1/2022		25,000		25,353

Loma Prieta Joint Union Elementary School District GO, 4.00%, 8/1/2022		75,000		76,033

Long Beach Bond Finance Authority, Natural Gas Series 2007A, Rev., 5.25%, 11/15/2022		25,000		25,741

Long Beach Community College District

Series 2017G, GO, 5.00%, 8/1/2022		25,000		25,456

Series 2017G, GO, 5.00%, 8/1/2023		35,000		36,978


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Long Beach Community College District, Election of 2002

Series 2012A, GO, 3.00%, 5/1/2022 (b)		85,000		85,346

Series A, GO, 5.00%, 5/1/2022 (b)		65,000		65,478

Long Beach Community College District, Election of 2008

Series 2012B, GO, 4.00%, 8/1/2022		25,000		25,353

Series 2012B, GO, 4.00%, 8/1/2022 (b)		175,000		177,439

Series 2012B, GO, 5.00%, 8/1/2022 (b)		470,000		478,490

Long Beach Unified School District GO, 5.00%, 8/1/2022		115,000		117,092

Long Beach Unified School District, Election of 2016 Series B, GO, 5.00%, 8/1/2022		105,000		106,910

Los Alamitos Unified School District, Capital Appreciation COP, AMBAC, Zero Coupon, 8/1/2022		25,000		24,916

Los Alamitos Unified School District, Election of 2018

Series B, GO, 4.00%, 8/1/2022		20,000		20,283

GO, 5.00%, 8/1/2022		30,000		30,548

Los Altos Elementary School District GO, 4.00%, 8/1/2022		20,000		20,283

Los Angeles Community College District

Series G, GO, 4.00%, 8/1/2022		40,000		40,571

Series 2015A, GO, 5.00%, 8/1/2022		75,000		76,380

Series 2015C, GO, 5.00%, 8/1/2022		305,000		310,612

Series 2015A, GO, 5.00%, 8/1/2023		25,000		26,428

Series 2015C, GO, 5.00%, 8/1/2023		20,000		21,142

Los Angeles Community College District, Election of 2008

Series J, GO, 3.00%, 8/1/2022		115,000		116,167

Series F, GO, 4.00%, 8/1/2023 (b)		55,000		57,322

Series F, GO, 5.00%, 8/1/2023 (b)		60,000		63,373

Los Angeles County Metropolitan Transportation Authority, Measure R Senior Sales Tax

Series 2016A, Rev., 5.00%, 6/1/2022		125,000		126,381

Series 2016A, Rev., 5.00%, 6/1/2023		25,000		26,260

Los Angeles County Metropolitan Transportation Authority, Proposition A First Tier Senior Sales Tax

Series 2017A, Rev., 5.00%, 7/1/2022		30,000		30,439


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Series 2017-B, Rev., 5.00%, 7/1/2022		240,000		243,511

Series 2019A, Rev., 5.00%, 7/1/2022		190,000		192,779

Los Angeles County Metropolitan Transportation Authority, Proposition C Senior Sales Tax

Series 2013-A, Rev., 5.00%, 7/1/2022		30,000		30,439

Series 2013-B, Rev., 5.00%, 7/1/2022		145,000		147,121

Series 2017A, Rev., 5.00%, 7/1/2022		160,000		162,340

Series 2018A, Rev., 5.00%, 7/1/2022		215,000		218,145

Series 2019C, Rev., 5.00%, 7/1/2022		25,000		25,366

Series 2012-B, Rev., 5.00%, 7/1/2023		350,000		354,660

Series 2012-B, Rev., 5.00%, 7/1/2024		205,000		207,985

Series 2012-B, Rev., 5.00%, 7/1/2025		330,000		334,794

Los Angeles County Metropolitan Transportation Authority, Sales Tax

Series 2014-A, Rev., 5.00%, 7/1/2022		20,000		20,292

Series 2016A, Rev., 5.00%, 7/1/2022		70,000		71,024

Series 2014-A, Rev., 5.00%, 7/1/2023		65,000		68,471

Los Angeles County Metropolitan Transportation Authority, Senior Lien, Sales Tax

Series 2013-C, Rev., 5.00%, 7/1/2022		55,000		55,805

Series 2016A, Rev., 5.00%, 7/1/2022		75,000		76,097

Los Angeles County Metropolitan Transportation Authority, Union Station Gateway Project

Rev., 5.00%, 7/1/2022		145,000		147,121

Rev., 5.00%, 7/1/2023		55,000		57,937

Los Angeles County Public Works Financing Authority Series 2019E1, Rev., 4.00%, 12/1/2023		85,000		89,342

Los Angeles County Public Works Financing Authority, MLK Hospital Project Series 2016D, Rev., 5.00%, 12/1/2022		75,000		77,402


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Los Angeles County Public Works Financing Authority, Multiple Capital Projects II

Rev., 5.00%, 8/1/2022		490,000		498,851

Series 2015A, Rev., 5.00%, 12/1/2022		25,000		25,801

Rev., 5.00%, 8/1/2023		25,000		25,452

Rev., 5.00%, 8/1/2024		115,000		117,077

Los Angeles County Redevelopment Refunding Authority Redevelopment Agency Successor Agency, CRA/LA Bunker Hill Project Rev., 5.00%, 12/1/2022		50,000		51,468

Los Angeles County Sanitation Districts Financing Authority Series 2016A, Rev., 5.00%, 10/1/2022		25,000		25,626

Los Angeles Department of Water and Power, Power System

Series 2021B, Rev., 3.00%, 7/1/2022		310,000		312,408

Series 2014C, Rev., 4.00%, 7/1/2022		55,000		55,609

Series 2016A, Rev., 4.00%, 7/1/2022		65,000		65,719

Series 2013A, Rev., 5.00%, 7/1/2022		50,000		50,718

Series 2013B, Rev., 5.00%, 7/1/2022		70,000		71,005

Series 2016A, Rev., 5.00%, 7/1/2022		305,000		309,379

Series 2016B, Rev., 5.00%, 7/1/2022		65,000		65,933

Series 2018B, Rev., 5.00%, 1/1/2023		140,000		144,360

Series 2012A, Rev., 5.00%, 7/1/2023		80,000		81,060

Series 2013A, Rev., 5.00%, 7/1/2023		295,000		304,804

Series 2012A, Rev., 5.00%, 7/1/2024		65,000		65,922

Series 2013A, Rev., 5.00%, 7/1/2025		125,000		129,262

Series 2013A, Rev., 5.00%, 7/1/2026		25,000		25,850

Los Angeles Department of Water and Power, Water System

Series 2013A, Rev., 4.00%, 7/1/2022		25,000		25,276


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Series 2012C, Rev., 5.00%, 7/1/2022		45,000		45,646

Series 2013B, Rev., 5.00%, 7/1/2022		75,000		76,077

Series 2016A, Rev., 5.00%, 7/1/2022		90,000		91,292

Series 2016B, Rev., 5.00%, 7/1/2022		50,000		50,718

Series 2017A, Rev., 5.00%, 7/1/2022		70,000		71,005

Series 2012C, Rev., 5.00%, 7/1/2023		140,000		141,855

Series 2018A, Rev., 5.00%, 7/1/2023		100,000		105,312

Series 2012C, Rev., 5.00%, 7/1/2024		625,000		634,016

Series 2013A, Rev., 5.00%, 7/1/2024		420,000		434,356

Series 2013B, Rev., 5.00%, 7/1/2024		180,000		189,362

Series 2012C, Rev., 5.00%, 7/1/2025		40,000		40,572

Series 2013B, Rev., 5.00%, 7/1/2025		40,000		42,070

Series 2013B, Rev., 5.00%, 7/1/2026		35,000		36,806

Los Angeles Unified School District

Series 2015A, GO, 5.00%, 7/1/2022		285,000		289,178

Series A, GO, 5.00%, 7/1/2022		85,000		86,246

Series B, GO, 5.00%, 7/1/2022		280,000		284,105

Series C, GO, 5.00%, 7/1/2022		530,000		537,771

Series 2015A, GO, 5.00%, 7/1/2023		70,000		73,747

Series 2016A, GO, 5.00%, 7/1/2023		50,000		52,677

Series C, GO, 5.00%, 7/1/2023		70,000		73,747

Series D, GO, 5.00%, 7/1/2023		20,000		21,071

Los Angeles Unified School District, Dedicated Unlimited Ad Valorem Property Tax

Series 2016A, GO, 5.00%, 7/1/2022		145,000		147,126

Series 2017A, GO, 5.00%, 7/1/2022		325,000		329,765

Series 2019A, GO, 5.00%, 7/1/2022		365,000		370,351

Series 2017A, GO, 5.00%, 7/1/2023		70,000		73,747

Los Angeles Unified School District, Election of 2008

Series 2016A, GO, 4.00%, 7/1/2022		65,000		65,739

Series 2018B-1, GO, 5.00%, 7/1/2023		50,000		52,676


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Los Angeles Unified School District, Headquarters Building Projects Series 2012A, COP, 5.00%, 10/1/2022		745,000		763,029

Los Banos Unified School District COP, 3.13%, 8/1/2022		35,000		35,347

Los Gatos Union School District GO, 4.00%, 8/1/2022		30,000		30,424

Los Rios Community College District

Series 2016A, GO, 5.00%, 8/1/2022		60,000		61,087

GO, 5.00%, 8/1/2023		40,000		40,661

Los Rios Community College District, Election of 2002 Series F, GO, 4.00%, 8/1/2022		90,000		91,258

Los Rios Community College District, Election of 2008 Series C, GO, 4.00%, 8/1/2022		50,000		50,699

Lucia Mar Unified School District GO, NATL-RE, 5.25%, 8/1/2022		55,000		56,062

Lynwood Unified School District, Election of 2016 Series A, GO, 4.00%, 8/1/2022		30,000		30,416

Madera County Board of Education COP, 4.00%, 10/1/2023		20,000		20,854

Madera Unified School District GO, 5.00%, 8/1/2022		115,000		117,043

Manteca Redevelopment Agency Successor Agency Series 2020A, Rev., 4.00%, 10/1/2022		130,000		132,318

Manteca Unified School District Series B, GO, 3.00%, 8/1/2022		30,000		30,303

March Joint Powers Redevelopment Agency Successor Agency, March Air Force Base Redevelopment Project Series 2016A, Rev., 4.00%, 8/1/2022		20,000		20,248

Marin Community College District

GO, 3.00%, 8/1/2022 (b)		30,000		30,293

GO, 4.00%, 8/1/2022 (b)		310,000		314,321

GO, 4.00%, 8/1/2022		20,000		20,283

GO, 5.00%, 8/1/2022		45,000		45,822

Marin Emergency Radio Authority Rev., 2.00%, 8/1/2022		50,000		50,295

Marina Joint Powers Financing Authority, Multi-Family Housing, Abrams B Apartments Project Rev., LOC: FNMA, 2.00%, 11/15/2023		25,000		25,252

Martinez Unified School District GO, 4.00%, 8/1/2022		20,000		20,276


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Marysville Joint Unified School District, Refunding and Capital Projects COP, AGM, Zero Coupon, 6/1/2022		300,000		155,466

McFarland Unified School District, Election of 2020 Series A, GO, 4.00%, 11/1/2022		25,000		25,513

Mendota Unified School District, Election of 2012 Series B, GO, 5.75%, 8/1/2023 (b)		50,000		53,336

Menifee Union School District Series B, GO, 5.00%, 8/1/2022		20,000		20,364

Menlo Park City School District GO, 5.00%, 7/1/2022 (b)		60,000		60,874

Merced Union High School District GO, AGM, Zero Coupon, 2/18/2025 (b)		350,000		108,699

Metropolitan Water District of Southern California, Waterworks

Series 2012G, Rev., 4.00%, 7/1/2022		45,000		45,512

Series 2012G, Rev., 5.00%, 7/1/2022		50,000		50,733

Series 2015A, Rev., 5.00%, 7/1/2022		20,000		20,293

Series 2018A, Rev., 5.00%, 7/1/2022		155,000		157,246

Series 2017B, Rev., 5.00%, 8/1/2022		50,000		50,718

Series 2017B, Rev., 5.00%, 8/1/2023		70,000		73,676

Series 2012A, Rev., 5.00%, 10/1/2024		75,000		75,255

Middletown Unified School District, Election of 2018 Series 2019A, GO, 4.00%, 8/1/2023		25,000		26,027

Midpeninsula Regional Open Space District Series A, GO, 5.00%, 9/1/2022		155,000		158,371

Midpeninsula Regional Open Space District, Promissory Notes, 1999 Project Lease Rev., 5.00%, 9/1/2022 (b)		105,000		107,257

Millbrae School District, Election of 2011

GO, 4.00%, 7/1/2022		50,000		50,572

GO, 5.00%, 7/1/2022		20,000		20,294

Milpitas Redevelopment Agency Successor Agency, Redevelopment Project Area No.1 Rev., 5.00%, 9/1/2022		100,000		101,988


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Milpitas Unified School District

Series 2012A, GO, 4.00%, 8/1/2022 (b)		20,000		20,279

GO, 5.00%, 8/1/2022		85,000		86,550

Series 2012A, GO, 5.00%, 8/1/2022 (b)		20,000		20,361

Miracosta Community College District, Election of 2016 Series B, GO, 4.00%, 8/1/2022		45,000		45,635

Modesto Irrigation District, Electric System

Series 2012A, Rev., 5.00%, 7/1/2022		135,000		136,975

Rev., 5.00%, 10/1/2022		60,000		61,498

Series 2015B, Rev., 5.00%, 10/1/2022		25,000		25,620

Rev., 4.00%, 10/1/2023		120,000		125,585

Mojave Water Agency Public Facilities Corp. Series 2017A, Rev., 5.00%, 6/1/2022		60,000		60,668

Mojave Water Agency Public Facilities Corp., Morongo Basin Pipeline Project, Election of 1990 GO, 4.00%, 9/1/2022		25,000		25,408

Monrovia Unified School District GO, 5.00%, 8/1/2022		30,000		30,546

Montecito Water District Series 2020A, Rev., 4.00%, 7/1/2022		20,000		20,223

Moreland School District GO, 4.00%, 8/1/2022		130,000		131,817

Moreno Valley Public Financing Authority Rev., 5.00%, 11/1/2022		45,000		46,258

Morgan Hill Financing Authority Rev., 5.00%, 10/1/2022		50,000		51,257

Morgan Hill Redevelopment Agency Successor Agency Series 2013A, Rev., 5.00%, 9/1/2022 (b)		50,000		51,062

Morongo Unified School District Series 2018A, GO, 4.00%, 8/1/2022		20,000		20,281

Morongo Unified School District, Election of 2005 Series 2012C, GO, Zero Coupon, 8/15/2022 (b)		95,000		36,133

Mount Diablo Unified School District COP, 5.00%, 9/1/2022		135,000		137,854

Mount Diablo Unified School District, Election of 2010

Series G, GO, 3.00%, 8/1/2022		25,000		25,249

Series 2012E, GO, 4.00%, 8/1/2022		65,000		65,917


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Mount San Antonio Community College District, Election of 2008

GO, 5.00%, 6/1/2022		40,000		40,443

Series 2015C, GO, 3.00%, 8/1/2022		50,000		50,497

Series 2013A, GO, 5.00%, 9/1/2022		140,000		143,030

Mount San Antonio Community College District, Election of 2018 Series 2019A, GO, 4.00%, 8/1/2022		40,000		40,562

Series 2021C, GO, 4.00%, 8/1/2023		60,000		62,542

Mount San Jacinto Community College District, Election of 2014 Series A, GO, 5.00%, 8/1/2022		25,000		25,457

Mountain View-Los Altos Union High School District, Election of 2018 Series B, GO, 3.00%, 8/1/2022		20,000		20,199

Mountain View-Whisman School District, School Financing Project COP, 5.00%, 6/1/2022 (b)		20,000		20,217

M-S-R Public Power Agency Series 2018R, Rev., 5.00%, 7/1/2022		140,000		141,996

Municipal Improvement Corp. of Los Angeles, Capital Equipment

Series 2012-A, Rev., 5.00%, 3/1/2022 (b)		25,000		25,000

Series 2016A, Rev., 5.00%, 11/1/2022		60,000		61,709

Series 2018A, Rev., 5.00%, 11/1/2023		60,000		63,932

Municipal Improvement Corp. of Los Angeles, Real Property

Series C, Rev., 5.00%, 3/1/2022 (b)		50,000		50,000

Series C, Rev., 5.00%, 3/1/2022 (b)		20,000		20,000

Series 2016B, Rev., 4.00%, 11/1/2022		55,000		56,204

Series 2016B, Rev., 5.00%, 11/1/2022		80,000		82,279

Series 2018B, Rev., 5.00%, 11/1/2022		50,000		51,425

Series 2019B, Rev., 5.00%, 11/1/2022 (b)		30,000		30,834

Series 2020-B, Rev., 5.00%, 11/1/2022		75,000		77,137

Series 2016B, Rev., 5.00%, 11/1/2023		25,000		26,638

Murrieta Valley Unified School District, Election of 2002 GO, AGM, 3.00%, 9/1/2022 (b)		25,000		25,282


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Napa Sanitation District Series 2012A, COP, 4.00%, 8/1/2022		60,000		60,849

Natomas Unified School District, Election of 2002 Series 2004-B, GO, NATL-RE, Zero Coupon, 9/1/2022 (b)		30,000		29,867

Nevada Irrigation District, Joint Powers Authority

Series 2020A, Rev., 5.00%, 3/1/2022		50,000		50,000

Series 2020A, Rev., 5.00%, 3/1/2023		45,000		46,844

Norco Community Redevelopment Agency Successor Agency, Redevelopment Project Area #1 Series 2017A, Rev., 4.00%, 3/1/2023		20,000		20,583

Norco Financing Authority Enterprise Series 2019A, Rev., 4.00%, 10/1/2022		50,000		50,965

North City West School Facilities Financing Authority, Special Tax Series 2005B, Rev., AMBAC, 5.25%, 9/1/2022		95,000		97,140

North Orange County Community College District, Capital Appreciation, Election of 2002 Series 2003B, GO, NATL-RE, Zero Coupon, 8/1/2022		25,000		24,927

North Orange County Community College District, Election of 2014 Series 2014B, GO, 4.00%, 8/1/2022		80,000		81,125

Northern California Energy Authority Series 2018A, Rev., 4.00%, 7/1/2024 (c)		445,000		467,607

Northern California Power Agency, Hydroelectric Project

Series 2018A, Rev., 5.00%, 7/1/2022		80,000		81,160

Series 2019A, Rev., 5.00%, 7/1/2023		25,000		26,338

Northern California Power Agency, Hydroelectric Project No. 1

Series 2018A, Rev., 5.00%, 7/1/2023		200,000		210,706

Series 2012A, Rev., 5.00%, 7/1/2025		30,000		30,438

Northern California Transmission Agency, Oregon Transmission Project Series 2016A, Rev., 5.00%, 5/1/2022		175,000		176,269


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Novato Unified School District

GO, 5.00%, 8/1/2022		25,000		25,457

Series 2014A, GO, 5.00%, 8/1/2023		90,000		95,099

Oak Grove School District

Series 2016A, GO, 1.30%, 8/1/2022		40,000		40,094

GO, 5.00%, 8/1/2022		25,000		25,440

Oakland Joint Powers Financing Authority Rev., 5.00%, 11/1/2022		55,000		56,526

Oakland State Building Authority, Elihu M. Harris State Office Building Series A, Rev., 5.00%, 12/1/2022		25,000		25,793

Oakland Unified School District

GO, 5.00%, 8/1/2022		75,000		76,367

Series A, GO, 5.00%, 8/1/2022		50,000		50,912

Oakley Union Elementary School District Series 2017A, GO, 4.00%, 8/1/2022		30,000		30,422

Oceanside Unified School District

GO, 3.38%, 8/1/2022 (b)		60,000		60,679

GO, 5.00%, 8/1/2022		30,000		30,546

Ohlone Community College District

GO, 4.00%, 8/1/2022 (b)		30,000		30,418

GO, 4.50%, 8/1/2022 (b)		25,000		25,400

GO, 5.00%, 8/1/2022 (b)		170,000		173,071

GO, 5.00%, 8/1/2022		240,000		244,386

Ojai Unified School District, Election of 2020 Series A, GO, 4.00%, 8/1/2022		40,000		40,561

Olivenhain Municipal Water District

Series 2015A, Rev., 5.00%, 6/1/2022		35,000		35,387

Series 2016A, Rev., 5.00%, 6/1/2022		50,000		50,554

Ontario Public Financing Authority Rev., AGM, 5.00%, 11/1/2023		100,000		106,347

Orange County Local Transportation Authority, Sales Tax Rev., 5.00%, 2/15/2023		65,000		67,566

Orange County Sanitation District, Wastewater Series 2014A, Rev., 5.00%, 2/1/2023		85,000		88,239

Orange County Transportation Authority, Senior Lien, 91 Express Lanes Toll Road Rev., 5.00%, 8/15/2022		175,000		178,402

Orange County Water District

Series 2017A, Rev., 5.00%, 8/15/2022		25,000		25,498


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Series 2019A, COP, 2.00%, 8/15/2023		170,000		171,645

Series 2003B, COP, NATL-RE, 4.75%, 8/15/2023 (b)		25,000		26,354

Series 2013A, Rev., 5.00%, 8/15/2023 (b)		25,000		26,444

Orange Redevelopment Agency, Orange Merged and Amended Redevelopment Project Series 2014A, Rev., AGM, 5.00%, 9/1/2023		90,000		95,254

Orchard School District GO, 5.00%, 8/1/2023		45,000		47,556

Otay Water District Rev., 4.00%, 9/1/2022		35,000		35,588

Otay Water District Financing Authority Series 2018A, Rev., 5.00%, 9/1/2023		30,000		31,784

Oxnard Financing Authority Rev., 5.00%, 6/1/2022		20,000		20,217

Oxnard School District, Election of 2012 Series B, GO, AGM, 4.00%, 8/1/2023 (b)		140,000		145,810

Oxnard Union High School District

GO, 3.00%, 8/1/2022 (b)		100,000		100,977

GO, 3.13%, 8/1/2022 (b)		25,000		25,257

Oxnard Union High School District, Election of 2018

Series 2018A, GO, 4.00%, 8/1/2022		335,000		339,739

Series B, GO, 4.00%, 8/1/2022		25,000		25,354

Pacific Grove Unified School District Series 2015A, GO, 5.00%, 8/1/2022		55,000		56,005

Padre Dam Municipal Water District

Series 2017A, COP, 5.00%, 10/1/2022		20,000		20,492

Series 2017A, COP, 5.00%, 10/1/2024		50,000		54,813

Pajaro Valley Unified School District, Election of 2012 Series A, GO, 5.00%, 8/1/2023 (b)		30,000		31,687

Pajaro Valley Water Management Agency Rev., AGM, 5.00%, 3/1/2022		50,000		50,000

Palm Springs Financing Authority Rev., 5.00%, 11/1/2022		30,000		30,855

Palm Springs Financing Authority, Convention Center Project

Series 2012A, Rev., 3.13%, 11/1/2022 (b)		25,000		25,386


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Series 2012A, Rev., 3.25%, 11/1/2022 (b)		65,000		66,052

Palm Springs Financing Authority, Downtown Revitalization Project Series 2012B, Rev., 4.00%, 6/1/2022 (b)		140,000		141,177

Palm Springs Unified School District GO, 5.00%, 8/1/2022		85,000		86,553

Palm Springs Unified School District, Election of 2008 Series C, GO, 5.00%, 8/1/2022		25,000		25,457

Palmdale Community Redevelopment Agency Successor Agency

Series 2016B, Rev., 5.00%, 9/1/2022		35,000		35,683

Series 2016A, Rev., 5.00%, 9/1/2023		45,000		47,551

Palmdale Elementary School District, Election of 2012

Series A, GO, 3.25%, 8/1/2023 (b)		30,000		30,939

Series A, GO, 4.00%, 8/1/2023 (b)		160,000		166,755

Palmdale Financing Authority Rev., AGM, 5.00%, 11/1/2022		25,000		25,712

Palomar Community College District

GO, 5.00%, 5/1/2022		45,000		45,333

GO, 5.00%, 5/1/2024		50,000		54,081

Palos Verdes Peninsula Unified School District GO, 5.00%, 11/1/2022		20,000		20,570

Paramount Unified School District, Election of 2006

GO, Zero Coupon, 8/1/2023 (b)		355,000		48,003

GO, 4.50%, 8/1/2023 (b)		40,000		41,969

Paramount Unified School District, Election of 2016 Series 2020C, GO, 4.00%, 8/1/2022		20,000		20,274

Pasadena Public Financing Authority, Rose Bowl Renovation Project

Series 2016A, Rev., 5.00%, 4/1/2022		50,000		50,184

Series 2016A, Rev., 5.00%, 4/1/2023		125,000		130,223

Pasadena Unified School District Series 2016A, GO, 4.00%, 8/1/2022		25,000		25,354

Pasadena Unified School District, Election of 2008

GO, 4.13%, 5/1/2022 (b)		25,000		25,148

GO, 5.00%, 5/1/2022 (b)		110,000		110,809


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Peralta Community College District, Election of 2018 Series 2020A, GO, 5.00%, 8/1/2022		25,000		25,434

Perris Union High School District GO, 5.00%, 9/1/2023		10,000		10,590

Perris Union High School District, Election of 2018 Series 2019A, GO, AGM, 5.00%, 9/1/2022		70,000		71,508

Pico Rivera Public Financing Authority Rev., 4.00%, 9/1/2022		30,000		30,501

Pismo Beach Public Financing Agency, Beach Municipal Pier Project Rev., 5.00%, 12/1/2023		30,000		32,040

Pittsburg Successor Agency Redevelopment Agency, Subordinate Tax Allocation Series A, Rev., AGM, 5.00%, 9/1/2022		50,000		50,951

Pittsburg Unified School District

COP, AGM, 4.00%, 6/1/2022		100,000		100,853

GO, 4.00%, 8/1/2022		25,000		25,349

GO, 5.00%, 8/1/2022		80,000		81,445

Pittsburg Unified School District, Election of 2010 Series 2012C, GO, Zero Coupon, 8/1/2022 (b)		195,000		65,734

Placentia-Yorba Linda Unified School District

GO, 3.00%, 8/1/2022 (b)		20,000		20,195

GO, 4.00%, 8/1/2022 (b)		140,000		141,951

GO, 5.00%, 8/1/2022 (b)		20,000		20,361

Series 2016A, COP, AGM, 5.00%, 10/1/2022		70,000		71,649

Placer County Redevelopment Agency Successor Agency Series A, 5.00%, 8/1/2022		30,000		30,504

Placer County Water Agency Public Facilities Corp. COP, 5.00%, 7/1/2022		235,000		238,461

Placer Union High School District, Capital Appreciation Series 2000A, GO, NATL-RE, Zero Coupon, 8/1/2022		20,000		19,933

Placer Union High School District, Election of 1999 Series 2003B, GO, AGM, 4.70%, 8/1/2022		30,000		30,493

Pleasant Valley School District Series 2002A, GO, NATL-RE, 5.85%, 2/1/2023		400,000		417,543

Pleasanton Unified School District GO, 4.00%, 8/1/2022		25,000		25,354


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Plumas Unified School District, Election of 2016 Series B, GO, 5.00%, 8/1/2023		30,000		31,643

Port of Los Angeles, Harbor Department

Series 2014C, Rev., 3.00%, 8/1/2022		25,000		25,246

Series 2014B, Rev., 5.00%, 8/1/2022		35,000		35,632

Poway Unified School District Public Financing Authority, Special Tax Community Facilities District No. 2 Series 2015C, Rev., AGM, 5.00%, 9/1/2023		40,000		42,335

Poway Unified School District, School Facilities Improvement Districts No. 2002-1 GO, 5.00%, 8/1/2022		60,000		61,091

Puente Basin Water Agency, Walnut Valley Water District Project Series 2013A, Rev., 5.00%, 6/1/2023 (b)		25,000		26,240

Rancho Cucamonga Redevelopment Agency Successor Agency Rev., AGM, 5.00%, 9/1/2022		305,000		311,216

Rancho Santiago Community College District

Series B, GO, AGM, Zero Coupon, 9/1/2022		20,000		19,920

GO, 4.00%, 9/1/2022		25,000		25,420

GO, 5.00%, 9/1/2022		135,000		137,936

GO, AGM, 5.25%, 9/1/2022		50,000		51,149

GO, 4.00%, 9/1/2023		50,000		52,232

Ravenswood City School District GO, 5.00%, 8/1/2022		20,000		20,365

Redlands Unified School District GO, 5.00%, 7/1/2022		20,000		20,276

Redondo Beach Unified School District, Election of 2000 Series C,D&E, GO, AGM, 3.70%, 8/1/2022 (b)		40,000		40,506

Redwood City School District GO, AGM, 5.00%, 8/1/2022		25,000		25,457

Regents of the University of California Medical Center Pooled

Series 2013J, Rev., 4.00%, 5/15/2022		75,000		75,533

Series 2016L, Rev., 5.00%, 5/15/2022		240,000		242,189

Series 2013J, Rev., 5.00%, 5/15/2023 (b)		120,000		125,852


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Series 2013J, Rev., 5.00%, 5/15/2023		50,000		52,443

Series 2016L, Rev., 5.00%, 5/15/2023		25,000		26,222

Series 2016L, Rev., 4.00%, 5/15/2025		20,000		21,658

Rescue Union School District, Election of 1998 GO, NATL-RE, 5.00%, 9/1/2022		20,000		20,435

Rialto Redevelopment Agency, Merged Project Area Series 2014A, Rev., 5.00%, 9/1/2022		50,000		51,019

Rialto Unified School District GO, AGM, 5.00%, 8/1/2022		70,000		71,273

Richmond Joint Powers Financing Authority, Civics Center Project Series 2019A, Rev., AGM, 5.00%, 11/1/2022		20,000		20,543

Rio Elementary School District, Election of 2018 Series A, GO, AGM, 4.00%, 8/1/2022		30,000		30,424

Rio Hondo Community College District, Election of 2019 Series 2019B, GO, 5.00%, 8/1/2023		55,000		58,068

Riverside County Asset Leasing Corp., Defender/ Probation Building Series 2013A, Rev., 5.00%, 11/1/2022 (b)		40,000		41,126

Riverside County Infrastructure Financing Authority Series 2021A, Rev., 5.00%, 11/1/2022		50,000		51,425

Riverside County Public Financing Authority, Capital Facilities Project Rev., 5.00%, 11/1/2023 (b)		75,000		79,822

Riverside County Public Financing Authority, Tax Allocation, Project Area No. 1 Series 2015A, Rev., 5.00%, 10/1/2022		75,000		76,651

Riverside County Redevelopment Successor Agency, Jurupa Valley Redevelopment project Area Series 2016B, Rev., 5.00%, 10/1/2022		110,000		112,590

Riverside County Transportation Commission, Limited Tax Series 2013A, Rev., 5.25%, 6/1/2023 (b)		25,000		26,317

Riverside County Transportation Commission, Sales Tax

Series 2017A, Rev., 4.00%, 6/1/2022		40,000		40,344


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Series 2013A, Rev., 5.00%, 6/1/2022		25,000		25,277

Series 2016A, Rev., 5.00%, 6/1/2022		215,000		217,381

Series 2018A, Rev., 5.00%, 6/1/2022		90,000		90,997

Series 2013A, Rev., 5.00%, 6/1/2023		100,000		105,050

Series 2017A, Rev., 5.00%, 6/1/2023		25,000		26,263

Riverside Redevelopment Agency Successor Agency Series 2018A, Rev., 5.00%, 9/1/2022		40,000		40,835

Riverside Unified School District Financing Authority, Superior Lien Series A, Rev., 5.00%, 9/1/2022 (b)		75,000		76,593

Rocklin Public Financing Authority Rev., 5.00%, 11/1/2022		25,000		25,712

Rocklin Unified School District Community Facilities District, Capital Appreciation Rev., AMBAC, Zero Coupon, 9/1/2022		170,000		169,274

Roseville Joint Union High School District GO, 4.00%, 8/1/2022		75,000		76,061

Rowland Unified School District GO, 5.00%, 8/1/2022		25,000		25,457

Sacramento City Financing Authority, EPA Building

Series 2013A, Rev., 5.00%, 5/1/2022		405,000		407,991

Series 2013A, Rev., 5.00%, 5/1/2023		50,000		52,372

Sacramento City Financing Authority, Master Lease Program Facilities Series E, Rev., AMBAC, 5.25%, 12/1/2022		55,000		56,847

Sacramento City Unified School District GO, 5.00%, 7/1/2022		25,000		25,350

Sacramento City Unified School District, Election of 2012

Series E, GO, 4.00%, 8/1/2022		255,000		258,372

Series C, GO, 5.00%, 8/1/2023		60,000		63,043

Sacramento County Sanitation Districts Financing Authority

Series 2014A, Rev., 5.00%, 12/1/2022		20,000		20,634

Series 2014A, Rev., 5.00%, 12/1/2023		35,000		37,380


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Sacramento County Water Financing Authority Rev., 5.00%, 6/1/2022		125,000		126,391

Sacramento Municipal Utility District, Electric

Series 2016D, Rev., 5.00%, 8/15/2022		140,000		142,792

Series 2018F, Rev., 5.00%, 8/15/2022		200,000		203,989

Series E, Rev., 5.00%, 8/15/2022		105,000		107,094

Series 2012Y, Rev., 5.00%, 8/15/2023		250,000		254,566

Series 2019A, Rev., 5.00%, 10/17/2023 (c)		830,000		866,492

Series 2012Y, Rev., 5.00%, 8/15/2024		65,000		66,276

Series 2012Y, Rev., 5.00%, 8/15/2025		75,000		76,465

Series 2019B, Rev., 5.00%, 10/15/2025 (c)		90,000		99,966

Sacramento Municipal Utility District, Financing Authority, Cosumnes Project Rev., 5.00%, 7/1/2022		410,000		416,039

Sacramento Transportation Authority, Measure A Sales Tax Rev., 5.00%, 10/1/2023		210,000		214,733

Saddleback Valley Unified School District GO, 4.00%, 8/1/2022		25,000		25,354

San Bernardino City Unified School District

GO, AGM, 5.00%, 8/1/2023		10,000		10,539

Series 2013A, GO, AGM, 5.00%, 8/1/2023 (b)		50,000		52,775

San Bernardino City Unified School District, Election of 2012 Series A, GO, AGM, 4.00%, 8/1/2023 (b)		55,000		57,282

San Bernardino Community College District

Series A, GO, 5.00%, 8/1/2022		40,000		40,729

Series A, GO, 4.00%, 8/1/2023 (b)		50,000		52,111

San Bernardino County Transportation Authority, Sales Tax

Series 2014A, Rev., 4.00%, 3/1/2022		65,000		65,000

Series 2014A, Rev., 5.00%, 3/1/2023		20,000		20,844

San Buenaventura Public Facilities Financing Authority Series B, Rev., 5.00%, 7/1/2022 (b)		115,000		116,674


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

San Carlos School District GO, 5.00%, 10/1/2022		20,000		20,503

San Diego Community College District

GO, 5.00%, 8/1/2022		115,000		117,092

GO, 5.00%, 8/1/2022 (b)		1,070,000		1,089,328

San Diego Community College District, Election of 2002

GO, 4.00%, 8/1/2022		50,000		50,703

GO, 5.00%, 8/1/2023 (b)		40,000		42,249

San Diego Community College District, Election of 2006

GO, 4.00%, 8/1/2022		135,000		136,899

GO, 5.00%, 8/1/2023 (b)		90,000		95,060

San Diego Convention Center Expansion Financing Authority Series 2012A, Rev., 5.00%, 4/15/2022 (b)		230,000		231,230

San Diego County Regional Transportation Commission, Sales Tax

Series 2012A, Rev., 5.00%, 4/1/2022 (b)		65,000		65,237

Series 2012A, Rev., 5.00%, 4/1/2022		175,000		175,643

Series 2014A, Rev., 5.00%, 4/1/2022		60,000		60,220

Series 2016A, Rev., 5.00%, 4/1/2022		55,000		55,202

Series 2021A, Rev., 5.00%, 10/1/2022		105,000		107,566

San Diego County Water Authority

Series 2015A, Rev., 3.00%, 5/1/2022		300,000		301,285

Rev., 5.00%, 5/1/2022		100,000		100,755

Rev., 5.00%, 11/1/2022 (b)		25,000		25,704

Series 2013A, Rev., 5.00%, 11/1/2022 (b)		65,000		66,830

Series 2013A, Rev., 5.00%, 5/1/2023		20,000		20,554

San Diego Public Facilities Financing Authority

Series 2016A, Rev., 4.00%, 5/15/2022		40,000		40,283

Rev., 5.00%, 5/15/2022		630,000		635,734

Series 2012A, Rev., 5.00%, 8/1/2022 (b)		350,000		356,249

Series 2016B, Rev., 5.00%, 8/1/2022		165,000		168,008

Series 2020A, Rev., 5.00%, 8/1/2022		120,000		122,188


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Rev., 5.00%, 10/15/2022		180,000		184,763

Rev., 5.00%, 5/15/2023		20,000		20,975

Series 2016B, Rev., 5.00%, 8/1/2023		20,000		21,127

San Diego Public Facilities Financing Authority, Capital Improvement Projects

Series 2012A, Rev., 5.00%, 4/15/2022 (b)		60,000		60,324

Series A, Rev., 5.25%, 4/15/2022 (b)		100,000		100,571

San Diego Redevelopment Agency Successor Agency

Series 2017A, Rev., 5.00%, 9/1/2022		110,000		112,242

Series A, Rev., 5.00%, 9/1/2022		100,000		102,038

Series 2017A, Rev., 5.00%, 9/1/2023		10,000		10,584

Series A, Rev., 5.00%, 9/1/2024		100,000		109,186

San Diego Regional Building Authority, County Operations Center Series 2016A, Rev., 5.00%, 10/15/2022		50,000		51,336

San Diego Unified Port District Series 2013A, Rev., 5.00%, 9/1/2022		25,000		25,537

San Diego Unified School District

Series A, Rev., TRAN, 4.00%, 6/30/2022		490,000		495,365

Series 2014R-3, GO, 5.00%, 7/1/2022		25,000		25,356

Series 2020M-2, GO, 5.00%, 7/1/2022		120,000		121,711

San Diego Unified School District, Election of 1998

Series D-1, GO, NATL-RE, 5.50%, 7/1/2022		50,000		50,795

Series D-1, GO, NATL-RE, 5.50%, 7/1/2023		25,000		26,490

San Diego Unified School District, Election of 2008

GO, 4.00%, 7/1/2022		55,000		55,603

GO, 5.00%, 7/1/2022		50,000		50,713

Series 2020D-2, GO, 5.00%, 7/1/2022		325,000		329,633

San Dieguito Union High School District, Election of 2012 Series A-2, GO, 5.00%, 8/1/2022		25,000		25,456


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

San Elijo Joint Powers Authority, Clean Water Projects Rev., 3.00%, 3/1/2022		85,000		85,000

San Francisco Bay Area Rapid Transit District, Election of 2004

Series D, GO, 3.00%, 8/1/2022		70,000		70,701

Series 2013C, GO, 4.00%, 8/1/2022		20,000		20,283

Series 2013C, GO, 5.00%, 8/1/2022		45,000		45,822

Series 2013C, GO, 5.00%, 8/1/2023		10,000		10,567

San Francisco Bay Area Rapid Transit District, Sales Tax

Series 2012A, Rev., 5.00%, 7/1/2022 (b)		305,000		309,389

Series 2012A, Rev., 5.00%, 7/1/2022		30,000		30,442

Series 2015A, Rev., 5.00%, 7/1/2022		110,000		111,620

Series 2016A, Rev., 5.00%, 7/1/2022		75,000		76,105

Series 2016A, Rev., 5.00%, 7/1/2023		55,000		57,914

San Francisco City and County Airport Commission, San Francisco International Airport

Series 2016A, Rev., 5.00%, 5/1/2022 (b)		205,000		206,507

Series 2016D, Rev., 5.00%, 5/1/2022 (b)		50,000		50,368

Series B, Rev., 5.00%, 5/2/2022		305,000		307,254

Series 2016A, Rev., 4.00%, 5/1/2023 (b)		75,000		77,629

Series 2016A, Rev., 5.00%, 5/1/2023 (b)		135,000		141,291

Series 2016D, Rev., 5.00%, 5/1/2023 (b)		85,000		88,961

Series 2019D, Rev., 5.00%, 5/1/2024		45,000		48,532

Series 2016A, Rev., 4.00%, 5/1/2025		25,000		26,994

San Francisco City and County Public Utilities Commission Wastewater

Series 2013A, Rev., 5.00%, 10/1/2022		20,000		20,502

Series 2018A, Rev., 5.00%, 10/1/2022		130,000		133,261

Series 2018B, Rev., 5.00%, 10/1/2022		60,000		61,505

Series 2016B, Rev., 5.00%, 10/1/2023		35,000		37,188


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

San Francisco Community College District GO, 5.00%, 6/15/2022		150,000		151,922

San Francisco Community College District, Election of 2020 Series A, GO, 5.00%, 6/15/2023		75,000		78,893

San Francisco Municipal Transportation Agency

Series 2012A, Rev., 5.00%, 3/1/2022 (b)		30,000		30,000

Rev., 5.00%, 3/1/2023 (b)		50,000		52,049

San Francisco Unified School District GO, 5.00%, 6/15/2022		80,000		81,020

San Francisco Unified School District, Proposition A, Election of 2011 Series 2014B, GO, 5.00%, 6/15/2022		150,000		151,913

San Joaquin County Transportation Authority, Measure K Sales Tax

Rev., 5.00%, 3/1/2022		20,000		20,000

Rev., 5.00%, 3/1/2023		20,000		20,817

San Joaquin County Transportation Authority, Sales Tax Rev., 3.00%, 3/1/2023		20,000		20,421

San Joaquin Delta Community College District

Series 2015A, GO, 5.00%, 8/1/2022		30,000		30,546

Series A, GO, 5.00%, 8/1/2023		25,000		26,413

San Joaquin Hills Transportation Corridor Agency, Toll Road, Senior Lien Rev., Zero Coupon, 1/1/2025 (b)		120,000		115,531

San Jose Evergreen Community College District

GO, 5.00%, 9/1/2022		90,000		91,953

Series A, GO, 5.00%, 9/1/2022		55,000		56,193

San Jose Evergreen Community College District, Election of 2010

Series 2012A, GO, 4.00%, 8/1/2022 (b)		45,000		45,627

Series B, GO, 5.00%, 8/1/2022 (b)		35,000		35,632

San Jose Evergreen Community College District, Election of 2016

Series A, GO, 4.00%, 9/1/2022		20,000		20,335

Series B, GO, 4.00%, 9/1/2022		25,000		25,418

San Jose Financing Authority, Civic Center Project

Series 2013A, Rev., 5.00%, 6/1/2022 (b)		125,000		126,375


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Series 2013A, Rev., 5.00%, 6/1/2023 (b)		180,000		188,929

Series 2013A, Rev., 5.00%, 6/1/2023 (b)		30,000		31,488

San Jose Redevelopment Agency Successor Agency Series B, Rev., 5.00%, 8/1/2022		200,000		203,488

San Jose Unified School District

GO, 4.00%, 8/1/2022		40,000		40,566

GO, 5.00%, 8/1/2022		210,000		213,838

Series 2013-GO, GO, 5.00%, 8/1/2023 (b)		25,000		26,405

San Jose Unified School District, Election of 2012 Series C, GO, 5.00%, 8/1/2022		25,000		25,457

San Juan Unified School District Series 2012B, GO, 5.00%, 8/1/2022 (b)		65,000		66,174

San Juan Unified School District, Election of 2002

GO, 3.00%, 8/1/2022 (b)		60,000		60,586

GO, 3.00%, 8/1/2022		50,000		50,478

GO, 3.38%, 8/1/2022 (b)		30,000		30,340

GO, 4.00%, 8/1/2022 (b)		120,000		121,672

GO, 5.00%, 8/1/2022 (b)		40,000		40,723

GO, 3.00%, 8/1/2023		75,000		77,116

GO, 5.00%, 8/1/2023 (b)		40,000		42,249

San Juan Unified School District, Election of 2012 Series N, GO, 4.00%, 8/1/2022		25,000		25,342

San Juan Unified School District, Election of 2016 Series 2019P, GO, 4.00%, 8/1/2022		40,000		40,547

San Juan Unified School District, Unlimited Tax GO, 3.00%, 8/1/2022		20,000		20,191

San Juan Water District Rev., 5.00%, 2/1/2025		45,000		49,713

San Leandro Unified School District Series A, GO, 4.00%, 8/1/2022		75,000		76,036

San Lorenzo Unified School District GO, 5.00%, 8/1/2023		25,000		26,406

San Lorenzo Valley Unified School District, Election of 2020 Series A, GO, 4.00%, 8/1/2022		95,000		96,344

San Luis Obispo County Financing Authority Series 2012A, Rev., 5.00%, 10/15/2022		25,000		25,668


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

San Luis Obispo County Financing Authority, Nacimiento Water Project Series 2015A, Rev., 5.00%, 9/1/2022		70,000		71,508

San Marcos Public Financing Authority Series 1994A, Rev., 6.25%, 9/2/2022 (b)		90,000		92,455

San Marcos Unified School District, Election of 2010 Series C, GO, Zero Coupon, 8/1/2022		35,000		34,893

San Marcos Unified School, District No. 4, Community Facilities, Special Tax Rev., 4.00%, 9/1/2023		25,000		26,104

San Mateo County Community College District

GO, 4.25%, 9/1/2022 (b)		25,000		25,444

GO, 5.00%, 9/1/2022 (b)		145,000		148,117

San Mateo County Transit District

Series 2015A, Rev., 4.00%, 6/1/2022		40,000		40,346

Series 2015A, Rev., 5.00%, 6/1/2022		135,000		136,502

San Mateo Foster City Public Financing Authority, Street and Flood Control Project Series 2020A, Rev., 5.00%, 5/1/2023		20,000		20,944

San Mateo Foster City School District GO, 5.00%, 8/15/2022		90,000		91,795

San Mateo Foster City School District, Election of 2008

Series 2012C, GO, 3.50%, 8/1/2022 (b)		25,000		25,296

Series 2012C, GO, 5.00%, 8/1/2022		40,000		40,733

San Mateo Joint Powers Financing Authority, Maple Street Correctional Center Series 2014A, Rev., 5.00%, 6/15/2022		50,000		50,638

San Mateo Union High School District Series 2016C, GO, 5.00%, 9/1/2022		65,000		66,410

San Mateo Union High School District, Election of 2006 Series 2013A, GO, 5.00%, 9/1/2022		155,000		158,363

San Mateo Union High School District, Election of 2010 Series 2013A, GO, 5.00%, 9/1/2023 (b)		75,000		79,436

San Mateo Union High School District, Election of 2020 Series A, GO, 4.00%, 9/1/2022		35,000		35,586


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

San Rafael Joint Powers Financing Authority, Public Safety Facilities Project Rev., 4.00%, 6/1/2022		95,000		95,823

San Ramon Valley Unified School District

GO, 4.00%, 8/1/2022		195,000		197,783

GO, 4.00%, 8/1/2022 (b)		135,000		136,882

GO, 5.00%, 8/1/2022 (b)		325,000		330,871

GO, 5.00%, 8/1/2022		105,000		106,932

San Ramon Valley Unified School District, Election of 2012 GO, 3.00%, 8/1/2023 (b)		50,000		51,354

Sanger Public Financing Authority, Fire Station Project Series 2020A, Rev., 4.00%, 2/1/2023		100,000		102,569

Santa Ana College Improvement District #1 Rancho Santiago Community College District, Election of 2012

Series 2019C, GO, 4.00%, 8/1/2022		110,000		111,556

Series 2014A, GO, 5.00%, 8/1/2022		60,000		61,097

Santa Ana Unified School District, Capital Appreciation, Election of 2008 Series 2008A, GO, Zero Coupon, 8/1/2022		25,000		24,894

Santa Barbara Community College District GO, 4.00%, 8/1/2022		70,000		70,990

Santa Barbara Unified School District Series A, GO, 5.00%, 8/1/2022		30,000		30,548

Santa Clara County Board of Education COP, 5.00%, 4/1/2022		30,000		30,109

Santa Clara County Financing Authority

Series 2018A, Rev., 5.00%, 11/15/2022		135,000		139,054

Series 2021A, Rev., 5.00%, 5/1/2023		140,000		146,641

Santa Clara County Financing Authority, County Facilities Series 2018A, Rev., 5.00%, 4/1/2022		25,000		25,092

Santa Clara County Financing Authority, Fire District Facilities Series 2020A, Rev., 5.00%, 5/1/2023		45,000		47,135

Santa Clara County Financing Authority, Multiple Facilities Projects

Series 2015P, Rev., 5.00%, 5/15/2023		55,000		57,688

Series 2016Q, Rev., 5.00%, 5/15/2023		25,000		26,221

Santa Clara Unified School District

GO, 3.50%, 7/1/2022 (b)		125,000		126,198


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

GO, 5.00%, 7/1/2022		80,000		81,167

GO, 5.00%, 7/1/2022 (b)		50,000		50,728

Santa Clara Valley Transportation Authority, Measure A Sales Tax

Series 2015A, Rev., 5.00%, 4/1/2022		30,000		30,110

Series 2015A, Rev., 5.00%, 4/1/2023		15,000		15,665

Santa Clara Valley Transportation Authority, Sales Tax

Series 2017B, Rev., 5.00%, 6/1/2022		100,000		101,107

Series 2017B, Rev., 5.00%, 6/1/2023		25,000		26,263

Santa Clarita Community College District GO, 4.00%, 8/1/2022		35,000		35,495

Santa Clarita Community College District, Election of 2006 GO, 4.00%, 8/1/2022 (b)		50,000		50,697

Santa Cruz City High School District, Election of 2016 Series B, GO, 5.00%, 8/1/2022		25,000		25,456

Santa Margarita Water District, Community Facilities District No. 99-1, Special Tax Series 2017A, Rev., 3.00%, 9/1/2022		50,000		50,514

Santa Margarita-Dana Point Authority Series 2020A, Rev., 5.00%, 6/1/2022		45,000		45,501

Santa Maria Bonita School District COP, 4.00%, 6/1/2022		20,000		20,161

Santa Maria Joint Union High School District GO, 4.00%, 8/1/2022		75,000		76,055

Santa Monica Community College District, Election of 2004 and 2008 Series A, GO, 5.00%, 8/1/2022		50,000		50,914

Santa Monica Community College District, Election of 2008 Series 2014B, GO, 5.00%, 8/1/2022		35,000		35,640

Santa Monica Community College District, Election of 2016 Series 2018A, GO, 5.00%, 8/1/2022		70,000		71,279

Santa Monica Public Financing Authority Rev., 5.00%, 7/1/2022		220,000		223,241

Santa Monica Public Financing Authority, Downtown Fire Station Project Rev., 5.00%, 7/1/2022		100,000		101,473


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Santa Monica-Malibu Unified School District

Series 2016A, GO, 4.00%, 7/1/2022		65,000		65,741

GO, 4.00%, 8/1/2022		100,000		101,410

Series 2001C, COP, NATL-RE, Zero Coupon, 11/1/2022		50,000		49,693

Santa Monica-Malibu Unified School District, Election of 2006 Series D, GO, 4.00%, 7/1/2023 (b)		30,000		31,202

Santa Monica-Malibu Unified School District, Election of 2012 Series 2012D, GO, 5.00%, 8/1/2023 (b)		25,000		26,406

Santa Rosa Elementary School District GO, 3.25%, 8/1/2022 (b)		30,000		30,318

Santa Rosa High School District GO, 4.00%, 8/1/2022		85,000		86,192

Santa Rosa Regional Resources Authority, Facilities Acquisition and Improvement Projects Series 2017A, Rev., 5.00%, 8/1/2022		45,000		45,822

Santee School District, Election of 2018 GO, 4.00%, 8/1/2022		25,000		25,352

Savanna School District, Election of 2012 Series 2012A, GO, AGM, 4.00%, 8/1/2022 (b)		195,000		197,718

Scotts Valley Unified School District GO, 4.00%, 8/1/2022		40,000		40,566

Seaside Redevelopment Agency Successor Agency Rev., 5.00%, 8/1/2022		65,000		66,092

Sequoia Union High School District

GO, 4.00%, 7/1/2022 (b)		165,000		166,858

GO, 5.00%, 7/1/2022		50,000		50,733

GO, 5.00%, 7/1/2024 (b)		40,000		43,497

Shafter Wasco Irrigation District Series 2020A, Rev., 5.00%, 11/1/2022		120,000		123,175

Shasta-Tehama-Trinity Joint Community College District GO, 5.00%, 8/1/2022		50,000		50,899

Sierra Joint Community College District No. 1, School Facilities Improvement Series A, GO, 5.00%, 8/1/2023 (b)		45,000		47,530

Sierra Joint Community College District No. 2, School Facilities Improvement Series 2013B, GO, 5.00%, 8/1/2023 (b)		55,000		58,092


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Signal Hill Redevelopment Agency Successor Agency, Tax Allocation Series A, Rev., 5.00%, 10/1/2022		25,000		25,590

Silicon Valley Clean Water, Wastewater

Rev., 5.00%, 8/1/2022 (b)		135,000		137,441

Series 2019A, Rev., 3.00%, 3/1/2024		625,000		641,719

Simi Valley Public Financing Authority, Public Facilities Series 2014A, Rev., 5.00%, 10/1/2022		110,000		112,766

Simi Valley Unified School District GO, 4.00%, 8/1/2022		30,000		30,424

Simi Valley Unified School District, Election of 2016 Series C, GO, 4.00%, 8/1/2022		25,000		25,354

Snowline Joint Unified School District COP, AGM, 2.00%, 9/1/2022		1,440,000		1,448,464

Solano County Community College District Series 2014A, GO, 5.00%, 8/1/2023		40,000		42,261

Solvang Elementary School District Educational Foundation GO, 4.00%, 8/1/2022		20,000		20,283

Sonoma County Community Redevelopment Agency Successor Agency Rev., 4.00%, 8/1/2023		20,000		20,798

Sonoma County Junior College District

Series B, GO, 4.00%, 8/1/2022		25,000		25,354

Series 2013A, GO, 5.00%, 8/1/2022		145,000		147,650

Series 2013A, GO, 5.00%, 8/1/2023 (b)		165,000		174,277

Sonoma County Junior College District, Election of 2014

Series A, GO, 4.00%, 8/1/2022		35,000		35,495

Series B, GO, 4.00%, 8/1/2023		90,000		93,852

Sonoma County Transportation Authority, Limited Tax

Rev., 5.00%, 12/1/2022		85,000		87,703

Rev., 5.00%, 12/1/2023		65,000		69,419

Sonoma County Water Agency Series 2015A, Rev., 5.00%, 7/1/2022		100,000		101,473

Sonoma County Water and Wastewater Financing Authority Rev., 4.00%, 8/1/2022		25,000		25,352

Sonoma-Marin Area Rail Transit District, Measure Q Sales Tax

Series 2011A, Rev., 5.00%, 3/1/2022 (b)		150,000		150,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Series 2011A, Rev., 5.00%, 3/1/2022 (b)		245,000		245,000

South Bay Union School District, San Diego County GO, 5.00%, 8/1/2022		20,000		20,362

South Coast Water District Series 2016A, Rev., 4.00%, 2/1/2023		25,000		25,716

South Coast Water District Financing Authority Series 2020A, Rev., 4.00%, 2/1/2023		30,000		30,860

South Orange County Public Financing Authority Rev., 5.00%, 4/1/2022		75,000		75,261

South Pasadena Unified School District GO, 4.00%, 8/1/2022		45,000		45,623

South Placer Wastewater Authority Rev., 5.00%, 11/1/2022		100,000		102,842

South San Francisco Public Facilities Financing Authority, Police Station Project Series 2020A, Rev., 5.00%, 6/1/2023		40,000		42,025

South San Francisco Unified School District, Measure J, Dedicated Unlimited Ad Valorem Property Tax Rev., NATL-RE, 5.25%, 9/15/2022		60,000		61,480

Southern California Public Power Authority

Series 2015A, Rev., 4.00%, 7/1/2022		245,000		247,768

Series 2007A, Rev., 5.25%, 11/1/2022		185,000		190,187

Southern California Public Power Authority, Linden Wind Energy Project Series 2020A, Rev., 5.00%, 7/1/2022		25,000		25,367

Southern California Public Power Authority, Magnolia Power Project Series 2020-1, Rev., 5.00%, 7/1/2022		90,000		91,313

Southern California Public Power Authority, Milford Wind Corridor Phase II Project Rev., 5.00%, 7/1/2022		130,000		131,906

Southern California Public Power Authority, Milford Wind Corridor Phase-1 Project Rev., 5.00%, 7/1/2022		90,000		91,313

Southern California Public Power Authority, Southern Transmission Project

Series 2015A, Rev., 5.00%, 7/1/2022		195,000		197,846


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Series 2018A, Rev., 5.00%, 7/1/2022		280,000		284,086

Southern California Public Power Authority, Transmission Project Series 2017A, Rev., 5.00%, 7/1/2023		160,000		168,412

Southern California Public Power Authority, Windy Point/Windy Flats Project Rev., 5.00%, 4/1/2024		75,000		80,221

Southern California Water Replenishment District Rev., 5.00%, 8/1/2023		80,000		84,545

Southwestern Community College District, Election of 2016 Series B-2, GO, 3.00%, 8/1/2022		25,000		25,252

State Center Community College District

Series B, GO, 3.00%, 8/1/2022		85,000		85,841

GO, 5.00%, 8/1/2022		60,000		61,089

State of California Department of Water Resources, Central Valley Project, Water System

Series AK, Rev., 5.00%, 6/1/2022 (b)		85,000		85,930

Series AN, Rev., 5.00%, 12/1/2022 (b)		130,000		134,084

Series AR, Rev., 5.00%, 12/1/2022		45,000		46,424

Series AS, Rev., 5.00%, 12/1/2022		70,000		72,215

Series AW, Rev., 5.00%, 12/1/2022		165,000		170,221

Series AX, Rev., 5.00%, 12/1/2022		50,000		51,582

Series BB, Rev., 5.00%, 12/1/2022		25,000		25,791

Series AP, Rev., 4.00%, 6/1/2023 (b)		30,000		31,137

Series AQ, Rev., 4.00%, 6/1/2023 (b)		20,000		20,758

Series AM, Rev., 5.00%, 6/1/2023 (b)		50,000		52,512

Series AW, Rev., 5.00%, 12/1/2023		45,000		48,051

State of California Department of Water Resources, Power Supply

Series 2015O, Rev., 4.00%, 5/1/2022 (b)		175,000		176,001

Series 2015O, Rev., 5.00%, 5/1/2022 (b)		1,070,000		1,077,867

State of California, Various Purpose

GO, 3.00%, 3/1/2022		895,000		895,000

GO, 5.00%, 3/1/2022		70,000		70,000

GO, 5.00%, 4/1/2022		120,000		120,431

GO, 5.00%, 5/1/2022		65,000		65,470


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

GO, 4.00%, 8/1/2022		50,000		50,682

GO, 5.00%, 8/1/2022		1,490,000		1,516,475

GO, 3.00%, 9/1/2022		50,000		50,562

GO, 4.00%, 9/1/2022		160,000		162,590

GO, 5.00%, 9/1/2022		630,000		643,317

GO, 5.25%, 9/1/2022		260,000		265,818

GO, 4.00%, 10/1/2022		75,000		76,399

GO, 5.00%, 10/1/2022		595,000		609,540

GO, 5.25%, 10/1/2022		205,000		210,306

GO, 2.88%, 11/1/2022		35,000		35,477

GO, 4.00%, 11/1/2022		50,000		51,054

GO, 5.00%, 11/1/2022		320,000		328,856

GO, 3.00%, 12/1/2022		25,000		25,400

GO, 4.00%, 12/1/2022		125,000		127,931

GO, 5.00%, 12/1/2022		80,000		82,470

GO, 5.00%, 2/1/2023		50,000		51,854

GO, 5.25%, 2/1/2023		45,000		46,771

GO, 3.00%, 3/1/2023		125,000		127,544

GO, 4.00%, 3/1/2023		20,000		20,605

GO, 5.00%, 3/1/2023		25,000		26,004

GO, 3.00%, 4/1/2023		75,000		75,126

GO, 5.00%, 4/1/2023		150,000		156,483

GO, 5.00%, 9/1/2023		110,000		112,149

Series B, GO, 5.00%, 9/1/2023		50,000		52,896

GO, 5.00%, 12/1/2023		25,000		26,655

GO, 5.00%, 2/1/2024		60,000		62,172

GO, 5.00%, 9/1/2024		70,000		73,389

GO, 5.00%, 11/1/2024		60,000		63,911

GO, 5.00%, 2/1/2025		65,000		67,465

GO, 5.00%, 9/1/2025		210,000		219,550

GO, 5.00%, 11/1/2025		40,000		42,601

GO, 5.00%, 12/1/2025		50,000		53,390

GO, 5.00%, 10/1/2026		50,000		52,205

State of California, Various Purpose, Tax Exempt

GO, 5.00%, 8/1/2023		65,000		68,579

GO, 5.00%, 8/1/2026		100,000		110,262

Suisun City Redevelopment Agency, Redevelopment Project Series B, Rev., 5.00%, 10/1/2023		40,000		42,377

Sulphur Springs Union School District, Community Facilities District No. 2002-1, Special Tax Series 2014A, Rev., 3.00%, 9/1/2023 (b)		25,000		25,719


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Summerville Union High School District, Capital Appreciation GO, AGM, Zero Coupon, 9/1/2022		20,000		19,920

Sunnyvale School District

GO, 4.00%, 9/1/2022		125,000		127,092

GO, 5.00%, 9/1/2022		25,000		25,543

Sunnyvale School District, Election of 2013 Series 2019C, GO, 4.00%, 9/1/2022		25,000		25,418

Sweetwater Authority Series 2016A, Rev., 4.00%, 4/1/2022		20,000		20,058

Sweetwater Union High School District GO, 4.00%, 8/1/2022		50,000		50,559

Sweetwater Union High School District, Election of 2006 Series 2016B, GO, 3.00%, 8/1/2022		155,000		156,094

Tahoe Forest Hospital District GO, 4.00%, 8/1/2022		30,000		30,416

Tahoe-Truckee Sanitation Agency, Wastewater Rev., 5.00%, 7/1/2024		30,000		32,601

Tahoe-Truckee Unified School District, Election of 2014, School Facilities Improvement District No. 1 Series C, GO, 3.00%, 8/1/2023		20,000		20,564

Tahoe-Truckee Unified School District, Election of 2014, School Facilities Improvement District No. 2 Series B, GO, 5.00%, 8/1/2022		115,000		117,102

Tamalpais Union High School District GO, 4.00%, 8/1/2022		85,000		86,203

Temecula Valley Unified School District Financing Authority, Special Tax Rev., 5.00%, 9/1/2022		125,000		127,611

Temple City Unified School District, Election of 2012 Series B, GO, 3.00%, 8/1/2022		35,000		35,333

Tender Option Bond Trust Receipts/Certificates Series 2022-XX1176, Rev., VRDO, LIQ: Barclays Bank plc, 0.23%, 3/9/2022 (c) (e)		12,700,000		12,700,000

Tobacco Securitization Authority of Northern California

Series 2021A, Rev., 4.00%, 6/1/2022		20,000		20,137

Series 2021A, Class 1, Rev., 5.00%, 6/1/2024		210,000		224,587

Class 1, Rev., 5.00%, 6/1/2025		105,000		115,049


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Tobacco Securitization Authority of Southern California

Series 2019A, Class 1, Rev., 5.00%, 6/1/2023		150,000		156,279

Series 2019A, Class 1, Rev., 5.00%, 6/1/2025		55,000		60,273

Torrance Unified School District GO, 5.00%, 8/1/2022		55,000		56,005

Torrance Unified School District, Election of 2008

GO, 5.00%, 8/1/2022 (b)		45,000		45,813

GO, 5.00%, 8/1/2023 (b)		50,000		52,811

Torrance Unified School District, Election of 2014 GO, 5.25%, 8/1/2022		60,000		61,158

Tracy Community Development Agency, Successor Agency, Tax Allocation Rev., AGM, 5.00%, 8/1/2022		70,000		71,205

Tracy Unified School District School Facilities Improvement District No. 3, Election of 2014 GO, 4.00%, 8/1/2022		105,000		106,486

Tulare City School District Series 2016A, COP, 2.00%, 11/1/2022		25,000		25,043

Tuolumne Wind Project Authority, Tuolumne Wind Project Series 2016A, Rev., 5.00%, 1/1/2023		180,000		186,306

Turlock Public Financing Authority, Sewer Rev., 4.00%, 9/15/2022		55,000		55,990

Tustin Community Facilities District No. 6-1, Special Tax Rev., 5.00%, 9/1/2022		80,000		81,683

Tustin Unified School District, Community Facilities District No. 88-10F Rev., 5.00%, 9/1/2022		75,000		76,532

Tustin Unified School District, School Facilities Improvement District No. 2008-1, Election of 2008

Series C, GO, 4.00%, 8/1/2022		50,000		50,707

Series D, GO, 5.00%, 8/1/2022		50,000		50,914

Tustin Unified School District, School Facilities Improvement Districts No. 2002-1

GO, 5.00%, 6/1/2022		130,000		131,447

GO, 5.00%, 8/1/2022		30,000		30,548

Tustin Unified School District, School Facilities Improvement Districts No. 2002-1 and 2008-1 GO, 5.00%, 8/1/2025		30,000		33,695


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

Twin Rivers Unified School District

Series A, GO, AGM, 5.00%, 8/1/2022		50,000		50,880

Series 2014A, GO, Zero Coupon, 2/1/2024 (b)		350,000		166,956

Ukiah Unified School District GO, AGM, 2.00%, 8/1/2022		100,000		100,469

Union Elementary School District Series B, GO, 4.00%, 9/1/2022		60,000		61,007

University of California

Series 2017AY, Rev., 3.00%, 5/15/2022		25,000		25,121

Series 2021BH, Rev., 3.00%, 5/15/2022		85,000		85,411

Series 2015AO, Rev., 4.00%, 5/15/2022		20,000		20,137

Series 2012G, Rev., 5.00%, 5/15/2022 (b)		540,000		544,857

Series 2013AF, Rev., 5.00%, 5/15/2022		45,000		45,399

Series 2015AO, Rev., 5.00%, 5/15/2022		335,000		337,973

Series 2017AV, Rev., 5.00%, 5/15/2022		25,000		25,222

Series 2018AZ, Rev., 5.00%, 5/15/2022		50,000		50,444

Series 2020BE, Rev., 5.00%, 5/15/2022		65,000		65,577

Series 2013AF, Rev., 5.00%, 5/15/2023 (b)		75,000		78,565

Series 2015AO, Rev., 5.00%, 5/15/2023		20,000		20,977

Series 2017AV, Rev., 5.00%, 5/15/2023		20,000		20,977

Series S, Rev., 5.00%, 5/15/2023		3,000,000		3,146,601

Series 2013AK, Rev., 5.00%, 5/15/2023 (c)		1,770,000		1,857,808

Series S, Rev., 5.00%, 5/15/2025		4,000,000		4,456,627

Series S, Rev., 5.00%, 5/15/2026		1,520,000		1,741,795

University of California, Limited Project

Series 2012G, Rev., 4.00%, 5/15/2022		25,000		25,171

Series 2012G, Rev., 5.00%, 5/15/2022		50,000		50,444

Series 2012G, Rev., 5.00%, 5/15/2022		95,000		95,856

Series 2015-I, Rev., 5.00%, 5/15/2022		375,000		378,328


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

Series 2015-I, Rev., 5.00%, 5/15/2023		75,000		78,665

Series 2015-I, Rev., 5.00%, 5/15/2024		135,000		145,955

Upper Santa Clara Valley Joint Powers Authority Series 2015A, Rev., 5.00%, 8/1/2022 (b)		25,000		25,452

Vacaville Unified School District GO, 5.00%, 8/1/2022		170,000		173,107

Vacaville Unified School District, Election of 2014 Series D, GO, 4.00%, 8/1/2022		30,000		30,424

Val Verde Unified School District COP, AGM, 5.00%, 3/1/2022		75,000		75,000

Vallecitos Water District and Wastewater Rev., 5.00%, 7/1/2022		25,000		25,368

Ventura County Community College District GO, 5.00%, 8/1/2022		35,000		35,640

Ventura County Public Financing Authority

Series 2013A, Rev., 5.00%, 11/1/2022 (b)		55,000		56,548

Series 2013B, Rev., 5.00%, 11/1/2022		25,000		25,712

Series 2013B, Rev., 5.00%, 11/1/2023		20,000		21,304

Series 2016A, Rev., 5.00%, 11/1/2024		25,000		27,477

Ventura Unified School District GO, 5.00%, 8/1/2022		30,000		30,546

Victor Valley Union High School District Series 2016A, GO, 5.00%, 8/1/2022		30,000		30,537

Vista Joint Powers Financing Authority Rev., 5.00%, 5/1/2022		125,000		125,925

Vista Unified School District GO, 5.00%, 8/1/2022 (b)		205,000		208,703

Vista Unified School District, 2018 Election Series 2019A, GO, 5.00%, 8/1/2022		25,000		25,460

Walnut Valley Unified School District GO, 5.00%, 8/1/2022		20,000		20,365

Walnut Valley Unified School District, Capital Appreciation Series D, GO, NATL-RE, Zero Coupon, 8/1/2022		25,000		24,920

Washington Unified School District GO, 4.00%, 8/1/2022		50,000		50,705

Waterford Unified School District GO, BAN, Zero Coupon, 8/1/2022		20,000		19,917


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


California — continued

West Contra Costa Unified School District

GO, 5.00%, 8/1/2022 (b)		95,000		96,696

Series 2021A-1, GO, 5.00%, 8/1/2022		30,000		30,548

West Covina Unified School District Series A, GO, 5.00%, 8/1/2022		30,000		30,548

West Hollywood Public Financing Authority, Hollywood Park Phase II Rev., 5.00%, 4/1/2024		75,000		80,773

West Sonoma County Union High School District, Election of 2018 Series A, GO, 4.00%, 8/1/2022		35,000		35,492

West Stanislaus Irrigation District Series A, COP, AGM, 5.00%, 1/1/2023 (b)		60,000		62,030

West Valley-Mission Community College District Series B, GO, 5.00%, 8/1/2022		25,000		25,457

West Valley-Mission Community College District, Election of 2012

Series 2015B, GO, 4.00%, 8/1/2022		40,000		40,566

Series A, GO, 5.00%, 8/1/2022		25,000		25,457

West Valley-Mission Community College District, Election of 2012, Tax Exempt Series 2017C, GO, 4.00%, 8/1/2022		25,000		25,354

Western Municipal Water District Facilities Authority Series 2020A, Rev., 5.00%, 10/1/2022		25,000		25,629

Western Placer Unified School District COP, AGM, 3.00%, 8/1/2022		30,000		30,286

Western Riverside Water and Wastewater Financing Authority, Eastern Municipal Water District, Local Agency Series A-1, Rev., 5.00%, 9/1/2022		30,000		30,621

Westlands Water District

Series 2016A, Rev., AGM, 5.00%, 9/1/2022		70,000		71,519

Series 2016A, Rev., AGM, 5.00%, 9/1/2023		100,000		105,946

Westminster School District, Election of 2016 Series A, GO, 5.00%, 8/1/2022		30,000		30,548

Westminster School District, Refinancing of 2015 Energy Conservation Projects COP, 4.00%, 5/1/2023		35,000		36,194

Whittier Union High School District

Series 2015C, GO, 4.00%, 8/1/2022		75,000		76,061

GO, 5.00%, 8/1/2022		55,000		56,005


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

California — continued

William S Hart Union High School District

GO, 5.00%, 8/1/2022		25,000		25,456

GO, 3.50%, 9/1/2022 (b)		90,000		91,261

GO, 4.00%, 9/1/2022 (b)		85,000		86,405

GO, 4.00%, 9/1/2022		50,000		50,837

GO, 5.00%, 9/1/2022 (b)		195,000		199,191

William S Hart Union High School District, Election of 2008

Series 2013C, GO, 4.00%, 8/1/2023 (b)		75,000		78,167

Series 2013C, GO, 5.00%, 8/1/2023 (b)		20,000		21,124

Woodland Finance Authority, Junior Lien, Wastewater Rev., 5.00%, 3/1/2022		20,000		20,000

Yosemite Community College District

GO, 3.00%, 8/1/2022 (b)		195,000		196,905

GO, 3.00%, 8/1/2022		25,000		25,244

GO, 5.00%, 8/1/2022 (b)		150,000		152,710

Yuba City Unified School District, School Facilities Project COP, AGM, 5.00%, 10/1/2023		25,000		26,453

Yuba Community College District Series 2015B, GO, 4.00%, 8/1/2022		50,000		50,705

Yucaipa Valley Water District Series 2015A, Rev., 3.00%, 9/1/2022 (b)		40,000		40,453


Total California				189,232,329


Colorado — 1.4%

Adams & Arapahoe Joint School District 28J Aurora

GO, Zero Coupon, 12/1/2022		25,000		24,856

GO, 5.00%, 12/1/2024		60,000		61,876

Adams 12 Five Star Schools, The City & County of Broomfield

GO, 4.00%, 12/15/2022		75,000		76,900

Series A, GO, 5.00%, 12/15/2022		25,000		25,829

GO, 5.50%, 12/15/2022		125,000		129,632

GO, 4.00%, 12/15/2023		75,000		76,713

GO, 5.00%, 12/15/2024		30,000		30,977

Adams and Weld Counties School District No. 27J Brighton Series A, GO, 1.75%, 12/1/2022		25,000		25,189

Adams County School District No. 1, Mapleton Public Schools GO, 4.00%, 12/1/2022		25,000		25,605


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Colorado — continued

Apex Park and Recreation District GO, 3.00%, 12/1/2024		50,000		52,277

Arapahoe County School District No. 5 Cherry Creek GO, 5.00%, 12/15/2022		15,000		15,497

Arapahoe County School District No. 6 Littleton

GO, 5.00%, 12/1/2022		50,000		51,582

Series 2019A, GO, 5.00%, 12/1/2022		145,000		149,589

Arapahoe County Water and Wastewater Authority Rev., 4.00%, 12/1/2022		25,000		25,605

Arapahoe County Water and Wastewater Public Improvement District GO, 3.00%, 12/1/2022		25,000		25,414

Board of Governors of Colorado State University System

Series 2017E, Rev., 4.00%, 3/1/2022 (b)		25,000		25,000

Series A, Rev., 3.00%, 3/1/2023 (b)		105,000		107,211

Series 2019A, Rev., 4.00%, 3/1/2023 (b)		20,000		20,619

Series 2013E, Rev., 5.00%, 3/1/2023 (b)		100,000		103,985

Series 2015A, Rev., 5.00%, 3/1/2025 (b)		45,000		49,778

Boulder Larimer and Weld Counties St. Vrain Valley School District Re1J

GO, 4.00%, 12/15/2022		50,000		50,131

GO, 5.00%, 12/15/2022		45,000		46,492

Series 2011-B, GO, 5.00%, 12/15/2022		140,000		144,641

Series 2016B, GO, 5.00%, 12/15/2022		70,000		72,320

Series 2014A, GO, 5.00%, 12/15/2023		40,000		42,771

Boulder Valley School District No. Re-2 Boulder

Series 2017B, GO, 3.00%, 12/1/2022		75,000		76,258

Series 2019B, GO, 5.00%, 12/1/2022		75,000		77,373

Series 2019A, GO, 6.00%, 12/1/2022		30,000		31,173

Brush School District No. RE-2J GO, 3.00%, 12/1/2022		25,000		25,416

City & County of Broomfield, Sales and Use Tax

Rev., 3.00%, 12/1/2022		25,000		25,421


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Colorado — continued

Series A, Rev., 4.50%, 12/1/2022		385,000		395,781

City & County of Denver Series 2019C, GO, 5.00%, 8/1/2022		85,000		86,550

City & County of Denver, Airport System

Series 2012B, Rev., 5.00%, 11/15/2022 (b)		350,000		360,303

Series 2020A-2, Rev., 5.00%, 11/15/2022		205,000		210,906

Series B, Rev., 5.00%, 11/15/2022		105,000		108,025

Series 2016A, Rev., 5.00%, 11/15/2023		220,000		233,855

Series B, Rev., 5.00%, 11/15/2024		125,000		137,022

Series B, Rev., 5.00%, 11/15/2025		630,000		648,016

City & County of Denver, Convention Center Expansion Project Series 2018A, COP, 5.00%, 6/1/2022		250,000		252,705

City and County of Denver

Series 2019A, GO, 5.00%, 8/1/2022		25,000		25,455

Series 2018A, COP, 5.00%, 6/1/2023		20,000		20,984

City and County of Denver, Airport System Subordinate Series B, Rev., 5.25%, 11/15/2026		25,000		26,592

City and County of Denver, Buell Theatre Property Series 2013A, COP, 5.00%, 12/1/2022		100,000		103,088

City and County of Denver, Dedicated Tax, Refunding and Improvement

Series 2016A, Rev., 5.00%, 8/1/2022		455,000		463,085

Series 2016A, Rev., 5.00%, 8/1/2023		85,000		89,680

City and County of Denver, Fire Station and Library Series 20015A, COP, 5.00%, 12/1/2022		20,000		20,618

City of Aspen COP, 5.00%, 12/1/2022		40,000		41,241

City of Aurora COP, 5.00%, 12/1/2022		155,000		159,846

City of Colorado Springs, Utilities System Improvement

Series 2012B, Rev., 5.00%, 11/15/2022		30,000		30,918

Series 2015A, Rev., 5.00%, 11/15/2022		25,000		25,765

Series 2020B, Rev., 5.00%, 11/15/2022		40,000		41,225

Series 2020C, Rev., 5.00%, 11/15/2022		115,000		118,520


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Colorado — continued

Series A-1, Rev., 5.00%, 11/15/2022		25,000		25,765

Series A-3, Rev., 5.00%, 11/15/2022		225,000		231,887

Series B-2, Rev., 5.00%, 11/15/2022		30,000		30,918

Series 2015A, Rev., 5.00%, 11/15/2023		40,000		42,695

Series 2018A-1, Rev., 5.00%, 11/15/2023		35,000		37,358

Series 2020C, Rev., 5.00%, 11/15/2023		50,000		53,368

Series A-1, Rev., 5.00%, 11/15/2023		25,000		26,684

Series A-2, Rev., 5.00%, 11/15/2023		25,000		26,684

City of Englewood GO, 5.00%, 12/1/2022		50,000		51,582

City of Fort Collins, Wastewater Utility Series 2016A, Rev., 4.00%, 12/1/2022		20,000		20,484

City of Glendale COP, AGM, 5.00%, 12/1/2022		70,000		72,172

City of Grand Junction COP, 3.00%, 12/1/2022		25,000		25,342

City of Greeley

Rev., 5.00%, 8/1/2022		155,000		157,826

COP, 4.00%, 12/1/2022		50,000		51,142

City of Lone Tree, Sales Tax, Recreational Projects Series 2017A, Rev., 5.00%, 12/1/2022		25,000		25,780

City of Longmon

Series A, COP, 5.00%, 12/1/2022		25,000		25,788

Series A, COP, 4.00%, 12/1/2023		100,000		104,983

City of Longmont, Electric and Broadband Utility Rev., AGM, 3.00%, 12/1/2022		75,000		76,173

City of Longmont, Storm Drainage Rev., 5.00%, 12/1/2022		20,000		20,630

City of Longmont, Wastewater Rev., 5.00%, 11/1/2023		25,000		26,621

City of Northglenn COP, 5.00%, 12/1/2022		100,000		103,096

City of Northglenn, Wastewater System Rev., 4.00%, 12/1/2022		20,000		20,471

City of Thornton

COP, AMBAC, 4.00%, 12/1/2022		55,000		56,298

COP, 5.00%, 12/1/2022		45,000		46,379

Rev., 5.00%, 12/1/2022		25,000		25,791


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Colorado — continued

City of Westminster, Sales & Use Tax

Rev., 5.00%, 12/1/2022		95,000		98,006

Series 2017A, Rev., 5.00%, 12/1/2022		65,000		67,042

Colorado Educational and Cultural Facilities Authority, Johnson and Wales University Project

Series B, Rev., 5.00%, 4/1/2022 (b)		300,000		301,057

Series 2013B, Rev., 5.00%, 4/1/2023 (b)		1,675,000		1,745,907

Series B, Rev., 5.00%, 4/1/2023 (b)		515,000		536,801

Series B, Rev., 5.00%, 4/1/2023 (b)		35,000		36,482

Colorado Educational and Cultural Facilities Authority, Stargate Charter School Project Rev., 7.25%, 6/1/2023 (b)		260,000		279,610

Colorado Health Facilities Authority

Series 2019A, Rev., 5.00%, 11/1/2022		275,000		282,611

Rev., 5.00%, 12/1/2022		60,000		61,853

Series 2019A, Rev., 5.00%, 11/1/2023		25,000		26,591

Colorado Health Facilities Authority, Adventist Health System/Sunbelt Obligated Group

Rev., 5.00%, 11/15/2022		450,000		463,288

Series 2016B, Rev., 5.00%, 11/15/2023		100,000		106,438

Series 2016C, Rev., 5.00%, 11/15/2023 (c)		150,000		159,420

Series 2014E, Rev., 5.00%, 11/15/2024		100,000		108,206

Rev., 5.00%, 11/20/2025 (c)		70,000		78,875

Colorado Health Facilities Authority, Catholic Health Initiatives

Series 2009B-1, Rev., 4.00%, 11/9/2022 (b)		450,000		459,548

Series 2009B-1, Rev., 5.00%, 11/9/2022 (b)		330,000		339,253

Series 2013A, Rev., 5.25%, 1/1/2023 (b)		2,180,000		2,257,846

Colorado Health Facilities Authority, Children Hospital Project Series C, Rev., 5.00%, 12/1/2022		25,000		25,772

Colorado Health Facilities Authority, Children’s Hospital Colorado Project

Series 2013A, Rev., 5.00%, 12/1/2022		75,000		77,316


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Colorado — continued

Series C, Rev., 5.00%, 12/1/2024		20,000		21,975

Colorado Health Facilities Authority, Commonspirit Health Series B-2, Rev., 5.00%, 8/1/2026 (c)		25,000		27,896

Colorado Health Facilities Authority, Covenant Retirement Communities, Inc.

Rev., 4.00%, 12/1/2022 (b)		295,000		302,074

Series 2012A, Rev., 5.00%, 12/1/2022 (b)		265,000		273,325

Colorado Health Facilities Authority, NCMC, Inc., Project Rev., 4.00%, 5/15/2026 (b)		20,000		22,030

Colorado Health Facilities Authority, Parkview Medical Center, Inc., Project

Series 2015A, Rev., 4.00%, 9/1/2022		80,000		81,234

Rev., 5.00%, 9/1/2022		170,000		173,465

Rev., 5.00%, 9/1/2023		270,000		284,975

Colorado Health Facilities Authority, Retirement Facility, Liberty Heights Project Rev., Zero Coupon, 7/15/2022 (b)		175,000		174,573

Colorado Health Facilities Authority, School Health System

Series 2019A, Rev., 5.00%, 1/1/2023		625,000		646,204

Series 2019A, Rev., 5.00%, 1/1/2025		145,000		159,284

Series 2019A, Rev., 5.00%, 1/1/2026		100,000		112,867

Colorado Health Facilities Authority, The Evangelical Lutheran Good Samaritan Society Project Rev., 5.00%, 6/1/2022 (b)		840,000		849,239

Colorado Health Facilities Authority, Valley View Hospital Association Project Rev., 2.80%, 5/15/2023 (c)		415,000		420,107

Colorado Higher Education, Capital Construction, Lease Purchase Financing Program

COP, 5.00%, 9/1/2022		115,000		117,483

Series 2009A, COP, 5.00%, 11/1/2022		60,000		61,701

Series 2014A, COP, 5.00%, 11/1/2022		340,000		349,641

Series 2014A, COP, 5.00%, 11/1/2023		110,000		116,700


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Colorado — continued

Colorado Housing and Finance Authority, Multi-Family Project Series 2020A-2, Class I, Rev., 1.55%, 4/1/2023		100,000		100,015

Colorado Housing and Finance Authority, Single-Family Project Series 2021B, Rev., AMT, GNMA, 0.20%, 11/1/2022		25,000		24,899

Colorado Mesa University

Series 2009A, Rev., 5.00%, 5/15/2022		135,000		136,181

Series 2009A, Rev., 5.00%, 5/15/2023		45,000		47,099

Colorado Springs School District No. 11 Facilities Corp. GO, 4.00%, 12/1/2022		50,000		51,210

Colorado State Board for Community Colleges and Occupational Educational System

Rev., 5.00%, 11/1/2022		20,000		20,560

Series 2017A, Rev., 3.00%, 11/1/2023		20,000		20,596

Colorado State Education Loan Program

Series 2021A, Rev., TRAN, 3.50%, 6/29/2022		20,000		20,186

Series 2021A, Rev., TRAN, 4.00%, 6/29/2022		555,000		561,065

Colorado Water Resources and Power Development Authority, Clean Water

Series 2013A, Rev., 5.00%, 3/1/2022		50,000		50,000

Series 2013A, Rev., 4.00%, 9/1/2022		55,000		55,918

Series 2016B, Rev., 5.00%, 9/1/2022		50,000		51,082

Series 2018A, Rev., 5.00%, 9/1/2022		30,000		30,649

Colorado Water Resources and Power Development Authority, Drinking Water Series 2019A, Rev., 5.00%, 9/1/2022		25,000		25,541

Colorado Water Resources and Power Development Authority, State Revolving Fund Series 2019A, Rev., 5.00%, 9/1/2022		35,000		35,758

Conservatory Metropolitan District, Limited Tax GO, 4.00%, 12/1/2022		20,000		20,457

Copperleaf Metropolitan District No. 2, Limited Tax GO, 4.00%, 12/1/2022		45,000		46,062


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Colorado — continued

County of Adams

COP, 5.00%, 12/1/2022		85,000		87,638

COP, 5.00%, 12/1/2023		860,000		916,919

County of Boulder Series 2021A, COP, 5.00%, 12/1/2022		20,000		20,633

County of Boulder, Open Space Capital Improvement Trust Series 2016A, Rev., 5.00%, 7/15/2022		65,000		66,063

County of Eagle COP, 5.00%, 12/1/2022		85,000		87,638

County of El Paso, Pikes Peak Regional Development Center Project COP, 5.00%, 12/1/2022		25,000		25,776

County of El Paso, Terry R. Harris Judicial Complex Project COP, AGM, 5.00%, 12/1/2022		105,000		108,258

County of Gunnison Series 2020B, COP, 5.00%, 12/1/2022		25,000		25,747

County of Jefferson COP, 5.00%, 12/1/2023		20,000		21,345

County of Pueblo, Building Acquisition Project

Series 2021B, COP, 4.00%, 9/15/2022		100,000		101,685

Series 2021B, COP, 4.00%, 9/15/2024		220,000		233,998

Dawson Ridge Metropolitan District No. 1, Limited Tax

Series 1992-A, GO, Zero Coupon, 10/1/2022 (b)		255,000		253,773

Series 1992-B, GO, Zero Coupon, 10/1/2022 (b)		1,165,000		1,159,397

Denver City and County School District No. 1

Series 2017A, COP, 2.00%, 12/1/2022		50,000		50,437

GO, 4.00%, 12/1/2022		45,000		46,106

Series 2010C, GO, 4.00%, 12/1/2022		125,000		128,074

Series 2012B, GO, 4.00%, 12/1/2022		210,000		215,164

GO, 5.00%, 12/1/2022		60,000		61,921

Series 2012B, GO, 5.00%, 12/1/2022 (b)		255,000		263,011

Series 2014A, GO, 5.00%, 12/1/2022		25,000		25,801

Series 2017B, COP, 5.00%, 12/1/2022		35,000		36,086


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Colorado — continued

Series 2005A, GO, NATL-RE, 5.50%, 12/1/2022		50,000		51,787

Series 2013C, COP, 5.00%, 12/15/2022		225,000		232,332

Denver Urban Renewal Authority, Stapleton

Series 2013A-1, Rev., 5.00%, 12/1/2022		50,000		51,316

Series 2010B-1, Rev., 4.38%, 12/1/2023		230,000		242,538

Denver Wastewater Management Division Department of Public Works Rev., 4.00%, 11/1/2022		25,000		25,544

Douglas County School District No. Re-1 Douglas and Elbert Counties

GO, 5.00%, 12/15/2022		105,000		108,480

GO, 5.25%, 12/15/2022		20,000		20,702

GO, 3.50%, 12/15/2023		50,000		50,967

E-470 Public Highway Authority, Capital Appreciation

Series 2000B, Rev., NATL-RE, Zero Coupon, 9/1/2022		1,825,000		1,816,663

Series B, Rev., NATL-RE, Zero Coupon, 9/1/2022		230,000		228,949

Eagle County School District No. Re50J GO, 3.00%, 12/1/2023 (b)		20,000		20,648

East Cherry Creek Valley Water and Sanitation District

Rev., 3.00%, 11/15/2022		25,000		25,392

Series 2019A, Rev., 5.00%, 11/15/2022		35,000		36,039

El Paso County School District No. 2 Harrison GO, 5.00%, 12/1/2022		25,000		25,791

El Paso County School District No. 20 Academy

GO, 5.00%, 12/15/2022		45,000		46,492

GO, 5.00%, 12/15/2023		20,000		21,385

El Paso County School District No. 3 Widefield

GO, 5.00%, 12/1/2022		25,000		25,785

GO, 5.00%, 12/1/2022 (b)		65,000		67,042

El Paso County School District No. 49 Falcon

Series 2017A, COP, 3.00%, 12/15/2022		25,000		25,410

Series 2017B, COP, 5.00%, 12/15/2022		50,000		51,601

Series 2017B, COP, 5.00%, 12/15/2023		10,000		10,661


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Colorado — continued

Foothills Park and Recreation District COP, 4.00%, 12/1/2022		75,000		76,730

Garfield County School District No. RE-2 Garfield GO, 5.00%, 12/1/2022		100,000		103,149

Hyland Hills Park and Recreation District Series 2016A, Rev., 3.00%, 12/15/2023		200,000		206,222

Interlocken Metropolitan District Series 2018A-1, GO, AGM, 5.00%, 12/1/2022		20,000		20,613

Jefferson County School District R-1

GO, 4.00%, 12/15/2022 (b)		30,000		30,757

GO, 5.00%, 12/15/2022		190,000		196,293

GO, 5.00%, 12/15/2023		20,000		21,385

Larimer County School District No. R-1 Poudre

GO, 4.00%, 12/15/2022		285,000		292,059

GO, 5.00%, 12/15/2022		205,000		211,680

Larimer Weld & Boulder County School District, R-2J Thompson

GO, 3.25%, 12/15/2022		55,000		56,070

GO, 4.00%, 12/15/2023		35,000		35,797

Mesa County Valley School District No. 51 Grand Junction

GO, 5.00%, 12/1/2022		135,000		139,272

COP, 5.00%, 12/1/2022		100,000		103,027

GO, 5.00%, 12/1/2023		35,000		37,360

Metro Wastewater Reclamation District

Series 2012A, Rev., 3.00%, 4/1/2022 (b)		30,000		30,061

Series 2012A, Rev., 5.00%, 4/1/2022 (b)		65,000		65,237

Moffat County School District No.1 GO, 3.00%, 12/1/2022		25,000		25,410

Parker Water and Sanitation District

GO, 4.00%, 8/1/2022		25,000		25,353

GO, 4.50%, 8/1/2022 (b)		50,000		50,779

GO, 5.00%, 8/1/2022 (b)		20,000		20,357

Platte River Power Authority

Series JJ, Rev., 5.00%, 6/1/2022		25,000		25,277

Series JJ, Rev., 5.00%, 6/1/2023		50,000		52,525

Pueblo County School District No. 70

GO, 4.00%, 12/1/2022		50,000		51,211

GO, 4.00%, 12/1/2022 (b)		50,000		51,180

Regional Transportation District

Series 2013A, COP, 5.00%, 6/1/2022		820,000		828,977


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Colorado — continued

Series 2014A, COP, 5.00%, 6/1/2025		115,000		120,381

Series 2014A, COP, 5.00%, 6/1/2026		80,000		83,703

Regional Transportation District Sales Tax Series 2007A, Rev., 5.25%, 11/1/2022		110,000		113,301

Regional Transportation District Sales Tax, Fastracks Project Series 2012A, Rev., 5.00%, 11/1/2022 (b)		1,845,000		1,896,939

Rio Blanco County School District No. Re-1 Meeker GO, 4.00%, 12/1/2022		25,000		25,607

Routt County School District Re-2 Steamboat Springs GO, 5.00%, 12/1/2022		150,000		154,747

South Suburban Park and Recreation District COP, 4.00%, 12/15/2022		250,000		255,992

State of Colorado

Series 2010A, COP, 5.00%, 9/1/2022		25,000		25,541

Series 2018A, COP, 5.00%, 12/15/2022		180,000		185,967

Series 2020A, COP, 5.00%, 12/15/2024		100,000		110,029

Series 2020A, COP, 5.00%, 12/15/2025		65,000		73,507

State of Colorado Department of Transportation Headquarters Facilities, Headquarters Facilities Lease Purchase Agreement COP, 5.00%, 6/15/2022		65,000		65,812

State of Colorado, Building Excellent Schools Today

Series 2011H, COP, 3.25%, 3/15/2022 (b)		170,000		170,170

Series 2011H, COP, 4.00%, 3/15/2022		25,000		25,032

Series 2018M, COP, 5.00%, 3/15/2022		100,000		100,164

Series 2018N, COP, 5.00%, 3/15/2022		475,000		475,779

Series 2013I, COP, 5.00%, 3/15/2023		60,000		62,527

State of Colorado, Tax-Exempt

Series 2018L, COP, 5.00%, 3/15/2022		100,000		100,164

Series 2020A, COP, 5.00%, 12/15/2022		25,000		25,829


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Colorado — continued

Series 2017K, COP, 5.00%, 3/15/2023		345,000		359,530

Series 2018N, COP, 5.00%, 3/15/2023		30,000		31,263

Series 2020A, COP, 5.00%, 9/1/2023		35,000		37,065

Series 2018A, COP, 5.00%, 12/15/2023		50,000		53,436

State of Colorado, UCDHSC Fitzsimons Academic Series 2013A, COP, 5.00%, 11/1/2023 (b)		25,000		26,617

Tallyn’s Reach Metropolitan District No. 3 GO, 4.00%, 12/1/2022 (b)		250,000		255,237

Thornton Development Authority, Tax Increment, North Washington Street Corridor Project Series N, Rev., 5.00%, 12/1/2022		50,000		51,487

Town of Breckenridge Series 2020B, COP, 4.00%, 12/1/2022		50,000		51,161

Town of Castle Rock, Sales and Use Tax

Rev., 4.00%, 6/1/2022		60,000		60,498

Rev., 5.00%, 6/1/2025		25,000		27,840

Town of Castle Rock, Water and Sewer Enterprise

Rev., 3.00%, 12/1/2022		25,000		25,397

Rev., 5.00%, 12/1/2022		80,000		82,458

Town of Parker COP, 5.00%, 11/1/2022		25,000		25,695

Town of Winter Park COP, 4.00%, 12/1/2022		25,000		25,586

University of Colorado Hospital Authority Series 2012A, Rev., 5.00%, 11/15/2022		120,000		123,595

University of Colorado Hospital Authority, Health System Series 2019C, Rev., 5.00%, 11/15/2024 (c)		450,000		485,494

University of Colorado, Enterprise System

Series B, Rev., 3.50%, 6/1/2022 (b)		20,000		20,146

Series 2012A-1, Rev., 4.00%, 6/1/2022 (b)		255,000		257,154

Series A-3, Rev., 4.00%, 6/1/2022 (b)		25,000		25,213

Series 2011B, Rev., 5.00%, 6/1/2022		330,000		333,638

Series 2012A-1, Rev., 5.00%, 6/1/2022 (b)		85,000		85,935


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Colorado — continued

Series 2012A-2, Rev., 5.00%, 6/1/2022 (b)		90,000		90,990

Series 2016B-1, Rev., 5.00%, 6/1/2022		50,000		50,551

Series B-1, Rev., 5.00%, 6/1/2022		130,000		131,433

Series 2017A-2, Rev., 5.00%, 6/1/2023		50,000		52,500

Series A, Rev., 5.00%, 6/1/2023		70,000		73,499

Series A, Rev., 5.00%, 6/1/2023 (b)		95,000		99,761

Series 2021C-3B, Rev., 2.00%, 10/15/2026 (c)		6,250,000		6,298,214

University of Northern Colorado, Greeley Institutional Enterprise Series 2014A, Rev., 5.00%, 6/1/2022		35,000		35,366

Weld County School District No. Re-1 GO, AGM, 5.00%, 12/15/2022		25,000		25,831

Weld County School District No. RE-2 Eaton GO, 4.00%, 12/1/2022		25,000		25,607

Westminster Public Schools District No. 50 GO, 4.00%, 12/1/2022 (b)		60,000		61,439

Westminster Public Schools, District No. 50

COP, 5.00%, 12/1/2022 (b)		20,000		20,621

GO, 5.00%, 12/1/2022		25,000		25,783


Total Colorado				43,071,206


Connecticut — 1.1%

City of Bristol Series 2017B, GO, 5.00%, 8/1/2022		20,000		20,365

City of Danbury

GO, BAN, 1.00%, 7/14/2022		235,000		235,216

Series 2020A, GO, 5.00%, 7/15/2022		30,000		30,487

Series 2019B, GO, 5.00%, 11/1/2022		130,000		133,669

City of Hartford

Series 2013B, GO, GTD, 4.00%, 4/1/2022		30,000		30,085

Series 2013A, GO, GTD, 5.00%, 4/1/2022		20,000		20,073

City of Meriden

GO, 5.00%, 3/1/2022		25,000		25,000

Series 2016B, GO, 5.00%, 5/15/2022		50,000		50,446

Series 2016B, GO, 5.00%, 5/15/2023		25,000		26,203

GO, 4.00%, 3/1/2024		200,000		200,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Connecticut — continued

City of Middletown GO, 4.00%, 4/1/2022		50,000		50,144

City of New Britain

Series 2016A, GO, 5.00%, 3/1/2022 (b)		65,000		65,000

Series 2016A, GO, 5.00%, 3/1/2023 (b)		15,000		15,605

Series 2017C, GO, AGM, 5.00%, 3/1/2023 (b)		25,000		25,926

City of New Haven

Series B, GO, AGM, 5.00%, 8/1/2022		100,000		101,785

Series A, GO, 5.25%, 8/1/2022		25,000		25,472

Series 2016A, GO, AGM, 5.00%, 8/15/2022 (b)		70,000		71,367

Series 2012A, GO, AGM, 4.00%, 11/1/2022 (b)		25,000		25,530

Series 2013B, GO, AGM, 3.75%, 9/1/2023 (b)		25,000		25,963

City of Norwalk

Series 2012A, GO, 5.00%, 7/15/2022		20,000		20,326

GO, 5.00%, 8/1/2022		40,000		40,728

Series 2020B, GO, 5.00%, 9/1/2022		25,000		25,541

City of Stamford

Series 2010B, GO, 5.00%, 7/1/2022		50,000		50,728

GO, 5.00%, 6/1/2023		60,000		63,015

City of Stamford, Water Pollution Control System and Facility Rev., 5.00%, 9/15/2022		25,000		25,577

City of Waterbury

GO, 5.00%, 8/1/2022		50,000		50,901

GO, 5.00%, 8/1/2023		50,000		52,731

Connecticut Housing Finance Authority

Series C, Subseries C-1, Rev., 2.40%, 5/15/2022		50,000		50,178

Subseries E-1, Rev., 1.50%, 11/15/2022		50,000		50,214

Series C, Subseries C-1, Rev., 2.75%, 5/15/2023		100,000		101,778

Connecticut Housing Finance Authority, Housing Mortgage Finance Program

Subseries A-4, Rev., 2.10%, 11/15/2022		90,000		90,763

Subseries C-1, Rev., 2.50%, 11/15/2022		20,000		20,225


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Connecticut — continued

Connecticut State Health and Educational Facilities Authority, Bridgeport Hospital Series D, Rev., 5.00%, 7/1/2023		20,000		20,264

Connecticut State Health and Educational Facilities Authority, Connecticut State University System Series L, Rev., 4.00%, 11/1/2023		100,000		101,893

Connecticut State Health and Educational Facilities Authority, Fairfield University Series Q-2, Rev., 5.00%, 7/1/2022		120,000		121,703

Connecticut State Health and Educational Facilities Authority, Loomis Chaffee School Series F, Rev., AMBAC, 4.00%, 7/1/2022		50,000		50,551

Connecticut State Health and Educational Facilities Authority, Middlesex Hospital

Series O, Rev., 5.00%, 7/1/2022		45,000		45,638

Series O, Rev., 5.00%, 7/1/2023		25,000		26,270

Connecticut State Health and Educational Facilities Authority, Quinnipiac University

Series L, Rev., 5.00%, 7/1/2022		525,000		532,662

Series L, Rev., 5.00%, 7/1/2023		20,000		21,016

Connecticut State Health and Educational Facilities Authority, Trinity Health Credit Group Rev., 3.00%, 12/1/2023		100,000		103,223

Connecticut State Health and Educational Facilities Authority, University System Issue

Series Q-2, Rev., 5.00%, 11/1/2022		50,000		51,401

Series L, Rev., 3.00%, 11/1/2026		120,000		121,193

Connecticut State Health and Educational Facilities Authority, Yale New Haven Health Issue

Series E, Rev., 5.00%, 7/1/2022		415,000		421,056

Series 2010A3, Rev., 0.25%, 2/9/2024 (c)		130,000		127,212

Connecticut State Health and Educational Facilities Authority, Yale University

Series A-1, Rev., 5.00%, 7/1/2022 (c)		520,000		527,589

Series A-2, Rev., 5.00%, 7/1/2022 (c)		120,000		121,751

Series 2017C-2, Rev., 5.00%, 2/1/2023 (c)		440,000		456,727


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Connecticut — continued

Series 2014A, Rev., 1.10%, 2/7/2023 (c)		1,195,000		1,197,178

Series X-2, Rev., 0.25%, 2/9/2024 (c)		635,000		621,379

Hartford County Metropolitan District Clean Water Project Series 2013A, Rev., 5.00%, 4/1/2022 (b)		195,000		195,711

Hartford County Metropolitan District, Clean Water Project Series 2013A, Rev., 5.00%, 4/1/2022 (b)		65,000		65,237

Metropolitan District (The) Series 2015B, GO, 5.00%, 11/1/2022		40,000		41,132

Regional School District No. 17 GO, 4.00%, 5/15/2022		25,000		25,175

Regional School District No. 8 GO, 4.00%, 5/1/2022		65,000		65,374

South Central Connecticut Regional Water Authority, Water System

Rev., 5.00%, 8/1/2022 (b)		85,000		86,536

Series 27, Rev., 5.00%, 8/1/2022 (b)		100,000		101,806

Series A, Rev., 5.00%, 8/1/2022		100,000		101,811

Series B, Rev., 5.00%, 8/1/2022 (b)		75,000		76,355

Series B, Rev., 5.00%, 8/1/2022		325,000		330,884

State of Connecticut

Series 2014A, GO, 2.50%, 3/1/2022		50,000		50,000

Series 2013A, GO, (SIFMA Municipal Swap Index Yield + 0.99%), 1.19%, 3/10/2022 (d)		175,000		178,148

Series 2015A, GO, 4.00%, 3/15/2022		25,000		25,032

Series 2015A, GO, 5.00%, 3/15/2022		30,000		30,049

Series 2016A, GO, 5.00%, 3/15/2022		75,000		75,123

Series 2012B, GO, 3.00%, 4/15/2022		100,000		100,299

Series 2017B, GO, 3.00%, 4/15/2022		250,000		250,747

Series 2012B, GO, 4.00%, 4/15/2022		25,000		25,104

Series 2012B, GO, 5.00%, 4/15/2022		235,000		236,262

Series 2018B, GO, 5.00%, 4/15/2022		240,000		241,289

Series 2019A, GO, 5.00%, 4/15/2022		1,000,000		1,005,372


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Connecticut — continued

Series A, GO, 5.00%, 4/15/2022		175,000		175,940

Series 2016B, GO, 5.00%, 5/15/2022		125,000		126,130

Series 2020C, GO, 3.00%, 6/1/2022		390,000		392,357

Series 2021B, GO, 3.00%, 6/1/2022		50,000		50,302

Series 2012C, GO, 4.00%, 6/1/2022		40,000		40,340

Series 2012C, GO, 5.00%, 6/1/2022		720,000		727,901

Series 2018C, GO, 5.00%, 6/15/2022		275,000		278,475

Series 2013E, GO, 5.00%, 8/15/2022		145,000		147,852

Series 2014E, GO, 5.00%, 9/1/2022		50,000		51,075

Series 2012E, GO, 5.00%, 9/15/2022		25,000		25,577

Series 2018F, GO, 5.00%, 9/15/2022		230,000		235,304

Series E, GO, 5.00%, 10/15/2022		250,000		256,599

Series F, GO, 5.00%, 11/15/2022		150,000		154,440

Series H, GO, 5.00%, 11/15/2022		280,000		288,288

Series 2014C, GO, 5.00%, 12/15/2022		135,000		139,432

Series 2021A, GO, 3.00%, 1/15/2023		1,230,000		1,252,993

Series 2022A, GO, 3.00%, 1/15/2023		45,000		45,841

Series 2020A, GO, 5.00%, 1/15/2023		400,000		414,392

Series 2016A, GO, 5.00%, 3/15/2023		155,000		161,544

Series 2017A, GO, 5.00%, 4/15/2023		185,000		193,383

Series 2018B, GO, 5.00%, 4/15/2023		185,000		193,383

Series 2019A, GO, 5.00%, 4/15/2023		325,000		339,727

Series 2016B, GO, 5.00%, 5/15/2023		35,000		36,693

Series 2012C, GO, 5.00%, 6/1/2023		475,000		479,770

Series 2018C, GO, 5.00%, 6/15/2023		10,000		10,514

Series 2016D, GO, 5.00%, 8/15/2023		55,000		58,151

Series 2014E, GO, 5.00%, 9/1/2023		375,000		397,067

Series 2012E, GO, 5.00%, 9/15/2023		265,000		270,651

Series 2018E, GO, 5.00%, 9/15/2023		120,000		127,220


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Connecticut — continued

Series 2012G, GO, 5.00%, 10/15/2023		25,000		25,612

Series 2013A, GO, 5.00%, 10/15/2023		340,000		361,420

Series 2021A, GO, 4.00%, 1/15/2024		60,000		63,156

Series 2016A, GO, 5.00%, 3/15/2024		145,000		156,062

Series 2017A, GO, 5.00%, 4/15/2024		35,000		37,771

Series 2018D, GO, 5.00%, 4/15/2024		105,000		113,314

Series 2019A, GO, 5.00%, 4/15/2024		25,000		26,979

Series 2012C, GO, 5.00%, 6/1/2024		205,000		207,167

Series 2014D, GO, 5.00%, 6/15/2024		100,000		108,492

Series 2013E, GO, 5.00%, 8/15/2024		140,000		147,937

Series 2012G, GO, 5.00%, 10/15/2024		25,000		25,636

Series 2012B, GO, 5.00%, 4/15/2025		915,000		919,882

Series 2012B, GO, AGM-CR, 5.00%, 4/15/2025		875,000		879,690

Series 2017A, GO, 5.00%, 4/15/2025		1,325,000		1,470,931

Series 2016B, GO, 5.00%, 5/15/2025		200,000		222,565

Series 2012C, GO, 5.00%, 6/1/2025		160,000		161,699

Series 2013C, GO, 5.00%, 7/15/2025		125,000		131,672

Series 2012E, GO, 5.00%, 9/15/2025		175,000		178,902

Series 2021A, GO, 4.00%, 1/15/2026		60,000		65,662

Series 2012B, GO, 5.00%, 4/15/2026		100,000		100,519

Series 2012E, GO, 5.00%, 9/15/2026		50,000		51,115

Series 2013A, GO, 5.00%, 10/15/2026		50,000		53,133

State of Connecticut Clean Water Fund, State Revolving Fund

Series 2015A, Rev., 5.00%, 3/1/2022		35,000		35,000

Series A, Rev., 4.00%, 5/1/2022		55,000		55,321

Series B, Rev., 5.00%, 6/1/2022		50,000		50,559


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Connecticut — continued

Series 2013B, Rev., 3.00%, 7/1/2022		50,000		50,403

Series 2015A, Rev., 5.00%, 3/1/2023		25,000		26,035

Series 2013A, Rev., 5.00%, 3/1/2024		45,000		46,836

Series 2013B, Rev., 5.00%, 7/1/2024		45,000		45,643

State of Connecticut, GAAP Conversion

Series 2013A, GO, 5.00%, 10/15/2022		130,000		133,431

Series 2013A, GO, 5.00%, 10/15/2024		25,000		26,575

State of Connecticut, Special Tax Transportation Infrastructure Purposes

Series 2020A, Rev., 5.00%, 5/1/2022		75,000		75,556

Series A, Rev., 5.00%, 8/1/2022		225,000		229,064

Series B, Rev., 5.00%, 8/1/2022		280,000		285,058

Series A, Rev., 5.00%, 9/1/2022		675,000		689,508

Series B, Rev., 5.00%, 9/1/2022		510,000		520,961

Series A, Rev., 5.00%, 10/1/2022		325,000		333,077

Series A, Rev., 4.00%, 1/1/2023		20,000		20,525

Series 2018A, Rev., 5.00%, 1/1/2023		50,000		51,743

Series A, Rev., 5.00%, 1/1/2023		570,000		589,677

Series B, Rev., 5.00%, 1/1/2023		55,000		56,899

Series 2021A, Rev., 4.00%, 5/1/2023		150,000		155,312

Series 2020A, Rev., 5.00%, 5/1/2023		15,000		15,712

Series A, Rev., 5.00%, 8/1/2023		120,000		126,712

Series B, Rev., 5.00%, 8/1/2023		25,000		26,398

Rev., 5.00%, 9/1/2023		25,000		26,471

Series A, Rev., 5.00%, 9/1/2023		50,000		52,942

Series A, Rev., 5.00%, 10/1/2023		85,000		90,244

Rev., 5.00%, 1/1/2024		375,000		387,258

Series 2018A, Rev., 5.00%, 1/1/2024		20,000		21,415

Series 2016A, Rev., 5.00%, 9/1/2024		135,000		147,437

Series 2018B, Rev., 5.00%, 10/1/2024		195,000		213,509

Series A, Rev., 5.00%, 10/1/2024		55,000		58,348

Series A, Rev., 5.00%, 1/1/2025		955,000		985,860

Series B, Rev., 5.00%, 1/1/2025		20,000		20,646


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Connecticut — continued

Series A, Rev., 5.00%, 10/1/2025		50,000		53,028

Series A, Rev., 5.00%, 9/1/2026		50,000		54,490

State of Connecticut, Tax-Exempt Series 2018E, GO, 5.00%, 9/15/2022		155,000		158,575

Town of Avon GO, 3.00%, 10/15/2022		95,000		96,353

Town of Berlin

Series 2016B, GO, 5.00%, 9/1/2022		40,000		40,866

GO, 5.00%, 12/1/2022		50,000		51,586

Town of Bethel GO, 5.00%, 11/15/2022		75,000		77,242

Town of Branford

GO, 5.00%, 7/1/2022		25,000		25,366

GO, 3.13%, 8/1/2023 (b)		30,000		30,882

Town of Brookfield Series 2018A, GO, 5.00%, 11/15/2022		45,000		46,332

Town of Cromwell Series 2016A, GO, 4.00%, 8/1/2022		25,000		25,346

Town of Darien

GO, 4.00%, 7/15/2022		35,000		35,442

Series 2020A, GO, 5.00%, 8/1/2022		25,000		25,455

Series 2020A, GO, 5.00%, 8/1/2025		300,000		337,695

Town of East Haddam Series 2020A, GO, 4.00%, 12/1/2022		40,000		40,947

Town of East Hampton Series 2020A, GO, 4.00%, 9/1/2022		40,000		40,668

Town of East Hartford GO, 4.00%, 10/15/2022		20,000		20,408

Town of East Lyme

GO, 5.00%, 7/15/2022		65,000		66,048

GO, 5.00%, 8/15/2023		35,000		37,000

Town of East Windsor GO, 3.00%, 10/15/2022		75,000		76,045

Town of Enfield GO, 3.00%, 8/1/2022 (b)		50,000		50,489

Town of Fairfield GO, 4.00%, 8/1/2022		25,000		25,348

Town of Griswold GO, 5.00%, 9/15/2022		25,000		25,575

Town of Groton

GO, 5.00%, 4/15/2022		25,000		25,135

Series 2021B, GO, 5.00%, 4/15/2022		50,000		50,269

GO, BAN, 3.00%, 4/28/2022		30,000		30,113

Series 2020A, GO, 5.00%, 10/15/2022		25,000		25,661

Town of Killingly Series A, GO, 4.00%, 5/1/2022		175,000		175,974


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Connecticut — continued

Town of Monroe

Series 2020, GO, 4.00%, 4/15/2022		40,000		40,167

Series 2019, GO, 5.00%, 5/1/2022		45,000		45,330

Town of North Branford GO, 5.00%, 8/1/2022		410,000		417,372

Town of North Haven

GO, 5.00%, 7/15/2022		70,000		71,142

GO, 4.00%, 11/1/2022		20,000		20,435

Town of Plainville GO, 4.00%, 9/1/2022		50,000		50,822

Town of Redding GO, 5.00%, 3/15/2022		25,000		25,041

Town of Rocky Hill

GO, 5.00%, 4/15/2022		20,000		20,108

GO, 5.00%, 8/1/2022		20,000		20,364

Town of Seymour Series 2017A, GO, 4.00%, 3/1/2022		35,000		35,000

Town of South Windsor

GO, 5.00%, 2/1/2023		25,000		25,950

Series 2017B, GO, 3.00%, 8/15/2023		30,000		30,869

Town of Southington Series 2015B, GO, 5.00%, 9/1/2022		25,000		25,542

Town of Stonington Series 2012A, GO, 4.00%, 9/1/2022		70,000		71,168

Town of Stratford GO, 5.00%, 12/15/2022 (b)		225,000		232,345

Town of Trumbull

GO, 4.00%, 8/15/2022		25,000		25,379

GO, 4.00%, 9/1/2022		25,000		25,414

Series 2017B, GO, 5.00%, 9/1/2022		35,000		35,752

Town of Westbrook

GO, 5.00%, 7/1/2022		30,000		30,442

GO, 4.00%, 8/1/2022		35,000		35,485

Town of Westport GO, 5.00%, 5/15/2022		35,000		35,319

Town of Wethersfield GO, 4.00%, 3/1/2022		20,000		20,000

Town of Windham Series A, GO, 5.00%, 8/15/2023		355,000		375,020

Town of Wolcott

GO, BAN, 1.25%, 8/23/2022		60,000		60,098

Series 2017A, GO, 5.00%, 10/15/2022		20,000		20,530

University of Connecticut

Series 2016A, Rev., 5.00%, 3/15/2022		45,000		45,074


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Connecticut — continued

Series 2018A, Rev., 5.00%, 4/15/2022		20,000		20,108

Series 2019A, Rev., 5.00%, 11/1/2022		800,000		822,684

Series A, Rev., 4.00%, 2/15/2023		25,000		25,750

Series 2015A, Rev., 5.00%, 2/15/2023		85,000		88,356

Series 2020A, Rev., 5.00%, 2/15/2023		970,000		1,008,292

Series 2016A, Rev., 5.00%, 3/15/2023		35,000		36,493

Series 2017A, Rev., 5.00%, 1/15/2024		55,000		58,961

Series 2013A, Rev., 5.00%, 2/15/2024		120,000		124,398

Series 2020A, Rev., 5.00%, 2/15/2024		165,000		177,327

Series 2017A, Rev., 5.00%, 1/15/2025		50,000		55,016

Series 2016A, Rev., 5.00%, 3/15/2025		75,000		82,917

Series 2015A, Rev., 5.00%, 2/15/2026		25,000		27,588

University of Connecticut, Special Obligation Student Fee Series 2012A, Rev., 5.00%, 11/15/2023		400,000		411,030


Total Connecticut				34,555,411


Delaware — 0.1%

City of Newark GO, 3.00%, 9/15/2022		80,000		81,008

City of Wilmington

GO, 4.00%, 6/1/2022		25,000		25,212

GO, 5.00%, 12/1/2022		50,000		51,563

County of New Castle

Series 2012A, GO, 3.00%, 7/15/2022 (b)		20,000		20,177

Series 2012A, GO, 3.25%, 7/15/2022 (b)		30,000		30,294

Series 2012B, GO, 4.00%, 7/15/2022		35,000		35,443

GO, 5.00%, 4/1/2024		25,000		26,973

County of Sussex

Series 2020A, GO, 5.00%, 3/15/2022		30,000		30,050

Series 2012A, GO, 4.00%, 9/15/2022 (b)		90,000		91,604


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Delaware — continued

Delaware Economic Development Authority, Delmarva Power and Light Co. Project Series 2020A, Rev., 1.05%, 7/1/2025 (c)		715,000		696,279

Delaware River and Bay Authority

Series B, Rev., 5.00%, 1/1/2023		170,000		175,825

Series 2012B, Rev., 5.00%, 1/1/2024		25,000		25,844

Series C, Rev., 5.00%, 1/1/2027		85,000		90,597

Delaware State Health Facilities Authority, Nanticoke Memorial Hospital Rev., 5.00%, 7/1/2023 (b)		100,000		105,175

Delaware Transportation Authority

Rev., 5.00%, 9/1/2022		25,000		25,533

Rev., 5.00%, 9/1/2025		100,000		112,188

Delaware Transportation Authority, Transportation System

Rev., 5.00%, 7/1/2022		755,000		766,120

Rev., 5.00%, 7/1/2023		120,000		121,598

Delaware Transportation Authority, US 301 Project Rev., 5.00%, 6/1/2023		50,000		52,519

State of Delaware

GO, 3.00%, 3/1/2022 (b)		100,000		100,000

GO, 5.00%, 3/1/2022		115,000		115,000

Series 2014B, GO, 5.00%, 7/1/2022		45,000		45,660

Series 2016D, GO, 5.00%, 7/1/2022		85,000		86,246

Series 2013A, GO, 3.00%, 8/1/2022		25,000		25,248

Series 2018A, GO, 5.00%, 2/1/2023		50,000		51,901

University of Delaware

Rev., 5.00%, 11/1/2022		25,000		25,711

Series 2013A, Rev., 5.00%, 11/1/2022 (b)		70,000		71,947

Series 2019A, Rev., 5.00%, 11/1/2022		60,000		61,705

Series 2013A, Rev., 5.00%, 5/1/2023 (b)		25,000		26,162

Wilmington Parking Authority (The) Rev., GTD, 5.00%, 3/15/2022		75,000		75,124


Total Delaware				3,248,706


District of Columbia — 1.0%

District of Columbia

Series 2013A, GO, 5.00%, 6/1/2022		225,000		227,492

Series 2014D, GO, 5.00%, 6/1/2022		40,000		40,443

Series 2015A, GO, 5.00%, 6/1/2022		120,000		121,329

Series 2016A, GO, 5.00%, 6/1/2022		125,000		126,384


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


District of Columbia — continued

Series 2016D, GO, 5.00%, 6/1/2022		30,000		30,332

Series 2017A, GO, 5.00%, 6/1/2022		145,000		146,606

Series 2017D, GO, 5.00%, 6/1/2022		115,000		116,274

Series 2018A, GO, 5.00%, 6/1/2022		55,000		55,609

Series 2018B, GO, 5.00%, 6/1/2022		270,000		272,990

Series 2019A, GO, 5.00%, 10/15/2022		150,000		153,988

Series 2013A, GO, 5.00%, 6/1/2023		60,000		63,030

Series D, GO, 5.00%, 6/1/2023		25,000		26,262

Series 2013A, GO, 5.00%, 6/1/2024		225,000		236,219

Series 2013A, GO, 5.00%, 6/1/2026		35,000		36,714

District of Columbia Housing Finance Agency, Multi-Family Development Program

Series 2018B-1, Rev., VRDO, FHA, 2.55%, 3/1/2022 (c)		100,000		100,000

Series 2019B-2, Rev., FHA, 1.70%, 3/1/2023		165,000		165,824

Series 2019B-1, Rev., FHA, 1.75%, 9/1/2023 (c)		545,000		548,307

District of Columbia Housing Finance Agency, Strand Residences Project Rev., 1.45%, 8/1/2022 (c)		1,300,000		1,303,256

District of Columbia Water and Sewer Authority, Public Utility, Subordinate Lien

Series 2014C, Rev., 5.00%, 10/1/2022		75,000		76,873

Series A, Rev., 5.00%, 10/1/2022		65,000		66,623

Series 2013A, Rev., 5.00%, 10/1/2023 (b)		75,000		79,639

Series 2014C, Rev., 5.00%, 10/1/2023		75,000		79,664

District of Columbia, Children’s Hospital Obligated Group

Rev., 5.00%, 7/15/2022		1,050,000		1,066,734

Rev., 5.00%, 7/15/2023		775,000		816,474

District of Columbia, Deed Tax

Series 2010-B, Rev., 5.00%, 6/1/2022		45,000		45,487

Series 2012A, Rev., 5.00%, 6/1/2022		70,000		70,757

Series 2012B, Rev., 5.00%, 6/1/2022		85,000		85,920

Series 2012A, Rev., 5.00%, 6/1/2023		20,000		20,195

District of Columbia, Federal Highway

Rev., 5.00%, 12/1/2022		20,000		20,618


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

District of Columbia — continued

Rev., 5.00%, 12/1/2024		495,000		522,164

District of Columbia, Gallery Place Project Rev., 5.00%, 6/1/2024		100,000		100,353

District of Columbia, Income Tax

Series 2020A, Rev., 5.00%, 3/1/2022		65,000		65,000

Series 2019C, Rev., 5.00%, 10/1/2022		55,000		56,377

Series 2020B, Rev., 5.00%, 10/1/2022		105,000		107,628

Series 2012C, Rev., 3.25%, 12/1/2022		25,000		25,466

Series 2012A, Rev., 4.00%, 12/1/2022		125,000		128,026

Series 2012C, Rev., 4.00%, 12/1/2022		125,000		128,026

Series 2012A, Rev., 5.00%, 12/1/2022		115,000		118,639

Series 2012C, Rev., 5.00%, 12/1/2022		160,000		165,063

Series 2012D, Rev., 5.00%, 12/1/2022		25,000		25,791

Series 2014A, Rev., 5.00%, 12/1/2022		245,000		252,753

Series 2019A, Rev., 5.00%, 3/1/2023		60,000		62,470

Series 2020B, Rev., 5.00%, 10/1/2023		80,000		84,988

Series 2012A, Rev., 5.00%, 12/1/2023		85,000		87,607

Series 2012C, Rev., 5.00%, 12/1/2023		85,000		87,607

Series 2014A, Rev., 5.00%, 12/1/2023		85,000		90,779

Series 2012A, Rev., 5.00%, 12/1/2024		20,000		20,611

Series 2020B, Rev., 5.00%, 10/1/2025		95,000		107,181

Series 2012A, Rev., 5.00%, 12/1/2025		50,000		51,521

Series 2012C, Rev., 5.00%, 12/1/2025		80,000		82,434

Series 2012A, Rev., 5.00%, 12/1/2026		200,000		206,054

District of Columbia, National Public Radio, Inc. Rev., 4.00%, 4/1/2023 (b)		45,000		46,497


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


District of Columbia — continued

District of Columbia, The Catholic University of America Issue Rev., 5.00%, 10/1/2022		180,000		184,292

District of Columbia, Water and Sewer Authority, Public Utility, Senior Lien

Series 2017B, Rev., 5.00%, 10/1/2022		75,000		76,882

Rev., AGM, 5.50%, 10/1/2023		150,000		157,305

District of Columbia, Water and Sewer Authority, Public Utility, Subordinate Lien

Series A, Rev., 4.00%, 10/1/2022		25,000		25,480

Series A, Rev., 5.00%, 10/1/2022		115,000		117,871

Series 2014C, Rev., 5.00%, 10/1/2024		25,000		27,379

Series C, Rev., 5.00%, 10/1/2024		475,000		486,692

Metropolitan Washington Airports Authority Aviation

Subseries C-2, Rev., VRDO, LOC: TD Bank NA, 0.20%, 3/9/2022 (c)		20,000,000		20,000,000

Series B, Rev., 5.00%, 10/1/2022		200,000		204,935

Metropolitan Washington Airports Authority Dulles Toll Road, Capital Appreciation Series 2009B, Rev., AGC, Zero Coupon, 10/1/2022		80,000		79,468

Washington Metropolitan Area Transit Authority

Rev., 5.00%, 7/1/2022		25,000		25,366

Series 2017B, Rev., 5.00%, 7/1/2022		445,000		451,509

Series A-1, Rev., 5.00%, 7/1/2022		70,000		71,038

Series 2017B, Rev., 5.00%, 7/1/2023		100,000		105,339

Series A-1, Rev., 5.00%, 7/1/2023		25,000		26,352

Series 2017B, Rev., 5.00%, 7/1/2024		20,000		21,710


Total District of Columbia				30,884,696


Florida — 6.3%

Alachua County Health Facilities Authority, Shands Teaching Hospital and Clinic

Series 2019B-1, Rev., 5.00%, 12/1/2022		60,000		61,816

Series B-1, Rev., 4.00%, 12/1/2023		100,000		104,752

Alachua County School Board

COP, 5.00%, 7/1/2022		330,000		334,727

COP, 5.00%, 7/1/2024		225,000		243,584


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Florida — continued

Bay County School Board Series 2020B, COP, 5.00%, 7/1/2022		290,000		294,193

Board of Governors State University System of Florida, University System Improvement

Series 2014A, Rev., 5.00%, 7/1/2022		185,000		187,687

Series 2014A, Rev., 5.00%, 7/1/2023		185,000		194,802

Brevard County Health Facilities Authority, Health First, Inc., Project Rev., 5.00%, 4/1/2022		50,000		50,179

Brevard County School District

COP, 5.00%, 7/1/2022		25,000		25,363

Series 2015B, COP, 5.00%, 7/1/2022		80,000		81,162

Series 2013A, COP, 5.00%, 7/1/2023		160,000		168,280

Series 2015B, COP, 5.00%, 7/1/2023		90,000		94,658

Broward County, Water and Sewer Utility

Series A, Rev., 5.00%, 10/1/2022 (b)		205,000		210,095

Series B, Rev., 5.00%, 10/1/2022		115,000		117,878

Capital Trust Agency, Inc., Council Towers Apartments Project Series 2020A, Rev., 1.50%, 11/1/2023		10,450,000		10,450,000

Capital Trust Agency, Inc., mission Spring Apartments Project Series 2017A, Rev., 4.38%, 12/1/2022 (b)		125,000		134,311

Capital Trust Agency, Inc., Multi-Family Housing, Mission Springs Apartments Project Series A, Rev., 4.25%, 12/1/2022 (b)		620,000		665,607

Capital Trust Agency, Inc., Multi-Family, GMF Jacksonville Pool Project Series 2012A, Rev., 3.75%, 12/1/2022 (b)		175,000		178,190

Capital Trust Agency, Inc., Sustainability Bonds -The Marie

Rev., 4.00%, 6/15/2022 (e)		1,200,000		1,204,075

Rev., 4.00%, 6/15/2023 (e)		575,000		581,962

Rev., 4.00%, 6/15/2024 (e)		1,000,000		1,016,799

Rev., 4.00%, 6/15/2025 (e)		240,000		244,656


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Florida — continued

Central Florida Expressway Authority, Senior Lien

Rev., 5.00%, 7/1/2022		275,000		278,939

Rev., 5.00%, 7/1/2023		65,000		68,390

Series 2016B, Rev., 5.00%, 7/1/2025		25,000		27,863

Citizens Property Insurance, Inc. Series A-1, Rev., 5.00%, 6/1/2022		385,000		389,205

City of Apopka, Utility System Rev., 5.00%, 10/1/2023		30,000		30,696

City of Bradenton, Special Obligation Rev., 4.00%, 9/1/2022		25,000		25,406

City of Cape Coral, Water & Sewer Rev., 5.00%, 10/1/2022		25,000		25,603

City of Clearwater, Stormwater System Rev., 4.75%, 11/1/2022		55,000		56,472

City of Clearwater, Water & Sewer Rev., 5.00%, 12/1/2022		50,000		51,586

City of Clearwater, Water and Sewer Rev., 5.00%, 12/1/2023		50,000		53,354

City of Cocoa Rev., 4.00%, 10/1/2022		25,000		25,466

City of Daytona Beach GO, 3.00%, 7/1/2022		30,000		30,242

City of Delray Beach Rev., 5.00%, 6/1/2023		40,000		41,964

City of Deltona, Utility System Rev., 5.00%, 10/1/2023 (b)		25,000		26,506

City of Fort Lauderdale Water and Sewer Rev., 5.00%, 9/1/2022		25,000		25,541

City of Fort Lauderdale, Police and Public Safety Projects Series 2020B, GO, 5.00%, 7/1/2022		50,000		50,733

City of Fort Myers

Series 2014A, Rev., 3.00%, 12/1/2022		50,000		50,782

Series 2018A, Rev., 5.00%, 12/1/2022		35,000		36,068

City of Fort Myers, Utility System Series 2019A, Rev., 4.00%, 10/1/2023		100,000		104,397

City of Gainesville, Utilities System

Series 2012A, Rev., 5.00%, 10/1/2022		270,000		276,758

Series 2017A, Rev., 5.00%, 10/1/2022		425,000		435,637

Series 2012A, Rev., 2.50%, 10/1/2023		340,000		342,917

Series 2017A, Rev., 5.00%, 10/1/2023		25,000		26,559


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Florida — continued

Series 2012A, Rev., 5.00%, 10/1/2024		330,000		338,044

Series 2012A, Rev., 5.00%, 10/1/2025		50,000		51,216

Series 2012A, Rev., 5.00%, 10/1/2026		50,000		51,207

City of Hallandale Beach Rev., 5.00%, 10/1/2023		25,000		26,473

City of Jacksonville

Series 2012A, Rev., 4.25%, 10/1/2022 (b)		60,000		61,213

Rev., 5.00%, 10/1/2022		20,000		20,505

Series 2012A, Rev., 5.00%, 10/1/2022 (b)		740,000		758,171

Series 2012B, Rev., 5.00%, 10/1/2022		310,000		317,832

Series 2020A, Rev., 5.00%, 10/1/2022		250,000		256,316

Series C, Rev., 5.00%, 10/1/2022		100,000		102,527

Rev., 5.00%, 10/1/2023		245,000		260,275

Series C, Rev., 5.00%, 10/1/2024		135,000		138,315

Series 2012C, Rev., 5.00%, 10/1/2025		350,000		358,573

City of Jacksonville, Better Jacksonville Sales Tax

Rev., 5.00%, 10/1/2022		700,000		717,686

Rev., 5.00%, 10/1/2025		145,000		148,535

City of Jacksonville, Florida Power and Light Co., Project Rev., VRDO, 0.08%, 3/1/2022 (c)		3,150,000		3,150,000

City of Jacksonville, Health Care Facilities, Baptist Medical Center Series 2019A, Rev., 4.00%, 8/15/2023		265,000		276,331

City of Jacksonville, Sales Tax

Rev., 5.00%, 10/1/2022		45,000		46,137

Rev., 5.00%, 10/1/2024		355,000		363,654

City of Lakeland, Department of Electric Utilities

Rev., 5.00%, 10/1/2022		65,000		66,631

Rev., 5.00%, 10/1/2023		25,000		26,558

Rev., 5.00%, 10/1/2026		20,000		22,723

City of Lakeland, Lakeland Regional Health Systems Rev., 5.00%, 11/15/2022		50,000		51,484

City of Lauderhill GO, 4.00%, 1/1/2023		70,000		71,738

City of Marco Island Rev., 5.00%, 10/1/2023		70,000		74,171


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Florida — continued

City of Miami Beach, Stormwater Rev., 5.00%, 9/1/2022		220,000		224,695

City of Miramar, Utility System Rev., 5.00%, 10/1/2022		40,000		41,001

City of North Miami Beach

Rev., 5.00%, 8/1/2022 (b)		85,000		86,535

Series 2020A, Rev., 5.00%, 8/1/2022		40,000		40,706

City of Oakland Park, Water and Sewer Rev., 5.00%, 9/1/2022		30,000		30,634

City of Ocoee, Capital Improvement

Rev., 5.00%, 10/1/2022		90,000		92,178

Rev., 5.00%, 10/1/2023		50,000		52,898

City of Ocoee, Water and Sewer System Rev., 5.00%, 10/1/2022		20,000		20,490

City of Orlando, Capital Improvement

Series 2016B, Rev., 5.00%, 10/1/2022		25,000		25,626

Series B, Rev., 5.00%, 10/1/2022		240,000		246,007

Series C, Rev., 5.00%, 10/1/2022		25,000		25,626

Series 2018B, Rev., 5.00%, 10/1/2023		50,000		53,076

Series 2016B, Rev., 5.00%, 10/1/2024		25,000		27,380

City of Orlando, Florida Contract Tourist Development Tax Payments

Series 2014A, Rev., 5.00%, 11/1/2022 (b)		50,000		51,408

Series 2014A, Rev., 5.00%, 5/1/2024 (b)		20,000		21,605

City of Palm Coast, Utility System Rev., 5.00%, 10/1/2022		20,000		20,489

City of Panama City Beach, Utility System Rev., 5.00%, 6/1/2022		60,000		60,666

City of Pembroke Pines GO, 5.00%, 9/1/2022		30,000		30,649

City of Pompano Beach GO, 5.00%, 7/1/2023		100,000		105,339

City of Pompano Beach, John Knox Village Project

Rev., 3.25%, 9/1/2022		145,000		145,950

Series 2021B-2, Rev., 1.45%, 1/1/2027		760,000		720,224

City of Port Orange GO, 4.00%, 4/1/2022		25,000		25,071

City of Port St. Lucie, Utility System

Rev., 5.00%, 9/1/2022		300,000		306,282

Rev., NATL-RE, 5.25%, 9/1/2022		120,000		122,655


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Florida — continued

Rev., NATL-RE, 5.25%, 9/1/2023		205,000		217,728

City of Sarasota, St. Armands Paid Parking Area Improvements

Series 2017B, Rev., 3.00%, 10/1/2022		25,000		25,337

Series 2017A, Rev., 4.00%, 10/1/2023		25,000		26,107

City of South Miami Health Facilities Authority, Inc., Baptist Health South Florida Obligated Group

Rev., 5.00%, 8/15/2022		535,000		545,178

Rev., 5.00%, 8/15/2023		55,000		58,044

City of St. Augustine, Water and Sewer Rev., AGM, 5.00%, 10/1/2023		225,000		238,771

City of St. Petersburg, Public Service Tax

Series 2016A, Rev., 4.00%, 10/1/2022		215,000		219,138

Series 2016A, Rev., 4.00%, 10/1/2023		35,000		36,612

City of St. Petersburg, Public Utility

Rev., 3.00%, 10/1/2022		25,000		25,336

Series 2013A, Rev., 3.00%, 10/1/2022		30,000		30,404

Series 2013A, Rev., 3.75%, 10/1/2022 (b)		25,000		25,439

Series 2013A, Rev., 4.00%, 10/1/2022 (b)		40,000		40,763

Series 2013B, Rev., 4.00%, 10/1/2022 (b)		50,000		50,953

Series 2014B, Rev., 5.00%, 10/1/2022		20,000		20,501

Series 2016C, Rev., 5.00%, 10/1/2022		55,000		56,377

Series 2014B, Rev., 5.00%, 10/1/2023		30,000		31,851

City of Tallahassee

Rev., 5.00%, 10/1/2022		370,000		379,261

Rev., 5.00%, 10/1/2023		150,000		153,451

Rev., 5.00%, 10/1/2024		200,000		204,864

City of Tallahassee, Energy System

Rev., 5.00%, 10/1/2022		55,000		56,377

Rev., 5.00%, 10/1/2023		110,000		116,858

City of Tallahassee, Utility System Rev., 5.00%, 10/1/2023		30,000		31,870

City of Tampa, Baycare Health System Issue

Series 2012A, Rev., 5.00%, 11/15/2024		1,145,000		1,154,805


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Florida — continued

Series 2012A, Rev., 5.00%, 11/15/2025		605,000		610,055

City of Tampa, Capital Improvement Cigarette Tax Allocation, H. Lee Moffitt Cancer Center Project Series 2012A, Rev., 5.00%, 9/1/2022		100,000		102,104

City of Tampa, Central And Lower Basin Stormwater Improvements Rev., 5.00%, 5/1/2022		200,000		201,474

City of Tampa, Sales Tax Rev., 5.00%, 10/1/2022		225,000		230,591

City of Tampa, University of Tampa Projects Rev., 5.00%, 4/1/2023		100,000		104,156

City of Tampa, Utilities Tax Series 2012A, Rev., 5.00%, 10/1/2022		20,000		20,497

City of Venice, Utility System

Rev., 3.13%, 12/1/2022 (b)		25,000		25,435

Rev., 3.50%, 12/1/2022 (b)		25,000		25,505

Rev., 3.63%, 12/1/2022 (b)		20,000		20,422

Rev., 5.00%, 12/1/2022 (b)		50,000		51,571

City of West Palm Beach, Parks and Recreation Projects GO, 5.00%, 4/1/2022		60,000		60,221

City of West Palm Beach, Utility System

Series 2017C, Rev., 5.00%, 10/1/2022		25,000		25,625

Series 2012A, Rev., 5.00%, 10/1/2023		100,000		102,319

City of Winter Haven Series 2015A, Rev., 4.00%, 10/1/2022		20,000		20,379

Clay County School Board COP, AGM, 5.00%, 7/1/2022		125,000		126,790

County of Bay, Water and Sewer System Series 2015A, Rev., 2.25%, 9/1/2022		25,000		25,182

County of Bay, Wholesale Water System Rev., 5.00%, 9/1/2022		30,000		30,642

County of Brevard, Water and Wastewater Utility

Rev., 5.00%, 9/1/2022		80,000		81,732

Rev., 5.00%, 9/1/2023		40,000		42,249

County of Broward, Airport System

Series 2013C, Rev., 5.00%, 10/1/2022		195,000		199,684

Series P-2, Rev., 5.00%, 10/1/2022		270,000		276,486


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Florida — continued

Series Q-1, Rev., 5.00%, 10/1/2022 (b)		45,000		46,118

Series Q-1, Rev., 5.00%, 10/1/2022		155,000		158,723

Series P-2, Rev., 5.00%, 10/1/2023		415,000		424,133

Series Q-1, Rev., 5.00%, 10/1/2023		220,000		224,842

Series 2013B, Rev., 5.25%, 10/1/2023 (b)		50,000		53,248

Series Q-1, Rev., 5.00%, 10/1/2024		280,000		286,677

Series Q-1, Rev., 5.00%, 10/1/2025		130,000		133,061

Series 2013C, Rev., 5.25%, 10/1/2026		400,000		424,548

County of Broward, Half-Cent Sales Tax Rev., 5.00%, 10/1/2023		30,000		31,822

County of Broward, Port Facilities Series 2019C, Rev., 5.00%, 9/1/2022		150,000		153,171

County of Citrus, Capital Improvement Rev., 5.00%, 10/1/2022		70,000		71,628

County of Citrus, Water and Wastewater System Rev., 5.00%, 10/1/2022		20,000		20,495

County of Clay, Sales Surtax Rev., 5.00%, 10/1/2022		25,000		25,608

County of Collier, Special Obligation

Rev., 5.00%, 10/1/2023		115,000		115,375

Rev., 4.00%, 10/1/2025		200,000		203,625

County of Escambia Rev., 5.00%, 10/1/2022		120,000		122,968

County of Escambia, Sales Tax Rev., 5.00%, 10/1/2022		25,000		25,618

County of Hernando, Water and Sewer Series 2013A, Rev., 5.00%, 6/1/2023 (b)		40,000		42,005

County of Hillsborough, Capital Improvement Rev., 5.00%, 8/1/2022		405,000		412,346

County of Hillsborough, Communications Services Tax Rev., 5.00%, 10/1/2024		35,000		38,350

County of Hillsborough, Community Investment Tax

Rev., 5.00%, 11/1/2022		150,000		154,182

Series 2012B, Rev., 5.00%, 11/1/2022		80,000		82,230

Rev., 5.00%, 11/1/2023		175,000		185,509

Rev., 5.00%, 11/1/2025		25,000		28,111

County of Lee Rev., 5.00%, 10/1/2022		100,000		102,497


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Florida — continued

County of Lee County, Water and Sewer

Series 2012A, Rev., 5.00%, 10/1/2022 (b)		20,000		20,497

Series 2012B, Rev., 5.00%, 10/1/2022 (b)		50,000		51,243

Series 2013B, Rev., 5.00%, 10/1/2022		155,000		158,870

Series A, Rev., 5.00%, 10/1/2022		20,000		20,500

Series A, Rev., 4.25%, 10/1/2023 (b)		25,000		26,253

Series A, Rev., 5.00%, 10/1/2023 (b)		40,000		42,474

County of Lee, Non-Ad valorem Rev., 5.00%, 10/1/2023		100,000		106,104

County of Lee, Tourist Development Tax Series 2019A, Rev., 5.00%, 10/1/2024		25,000		27,353

County of Lee, Transportation Facilities

Rev., AGM, 5.00%, 10/1/2022		490,000		501,829

Rev., AGM, 5.00%, 10/1/2023		200,000		211,818

Rev., AGM, 5.00%, 10/1/2024		200,000		217,969

County of Manatee, Public Utilities Rev., 5.00%, 10/1/2022		200,000		205,006

County of Manatee, Transportation Projects

Rev., 5.00%, 10/1/2022		25,000		25,626

Rev., 5.00%, 10/1/2023		50,000		52,995

County of Martin, Half-Cent Sales Tax Rev., 5.00%, 7/1/2022		30,000		30,440

County of Miami-Dade

Series 2016A, GO, 5.00%, 7/1/2022		75,000		76,100

Series 2020A, GO, 5.00%, 7/1/2022		70,000		71,026

Series B, Rev., AGM, 4.00%, 10/1/2022 (b)		25,000		25,477

Series 2013A, Rev., 5.00%, 4/1/2023		75,000		78,291

Series 2016A, GO, 5.00%, 7/1/2023		25,000		26,324

County of Miami-Dade, Aviation System

Series A, Rev., 5.00%, 10/1/2022		130,000		133,123

Series B, Rev., 5.00%, 10/1/2022		145,000		148,483

Series B, Rev., 4.00%, 10/1/2023		225,000		228,654

Series 2012B, Rev., 5.00%, 10/1/2024		400,000		409,538

County of Miami-Dade, Building Better Communities Program

Series 2013A, GO, 5.00%, 7/1/2022		385,000		390,645


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Florida — continued

Series 2015-D, GO, 5.00%, 7/1/2022		70,000		71,026

Series 2016A, GO, 5.00%, 7/1/2022		90,000		91,319

Series 2015-D, GO, 5.00%, 7/1/2023		25,000		26,325

Series 2016A, GO, 5.00%, 7/1/2024		30,000		32,615

County of Miami-Dade, Capital Asset Acquisition

Series 2013A, Rev., 5.00%, 4/1/2022		80,000		80,294

Series 2013B, Rev., 5.00%, 4/1/2022		90,000		90,330

Series 2016B, Rev., 5.00%, 4/1/2022		355,000		356,304

Series 2017A, Rev., 5.00%, 4/1/2022		120,000		120,441

County of Miami-Dade, Jackson Health System Series 2015A, Rev., 5.00%, 6/1/2022		610,000		616,755

County of Miami-Dade, Parks Program

Series 2011B, GO, 3.50%, 11/1/2022		30,000		30,066

Series 2015A, GO, 5.00%, 11/1/2022		110,000		113,119

County of Miami-Dade, Public Health Trust Program

Series 2016A, GO, 5.00%, 7/1/2022		45,000		45,661

Series 2016A, GO, 2.50%, 7/1/2023		215,000		219,420

County of Miami-Dade, Seaport Department Series A, Rev., AGM, 5.00%, 10/1/2023 (b)		80,000		84,948

County of Miami-Dade, Special Obligation

Series 2012A, Rev., 5.00%, 10/1/2022 (b)		175,000		179,349

Series A, Rev., 5.00%, 10/1/2022 (b)		90,000		92,237

Series B, Rev., 5.00%, 10/1/2022 (b)		175,000		179,349

Series B, Rev., AGM, 5.00%, 10/1/2022 (b)		50,000		51,242

County of Miami-Dade, Subordinate Special Obligation

Series 2012B, Rev., 5.00%, 10/1/2022 (b)		1,035,000		1,060,721

Series A, Rev., 5.00%, 10/1/2022 (b)		35,000		35,870


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Florida — continued

County of Miami-Dade, Transit System, Sales Surtax

Rev., 3.25%, 7/1/2022 (b)		25,000		25,219

Rev., 5.00%, 7/1/2022		285,000		288,996

Rev., 5.00%, 7/1/2022 (b)		1,160,000		1,176,890

Rev., 5.00%, 7/1/2023		385,000		404,504

County of Miami-Dade, Transit System, Sales Tax

Rev., 3.38%, 7/1/2022 (b)		20,000		20,183

Rev., 4.00%, 7/1/2022 (b)		150,000		151,690

Rev., 5.00%, 7/1/2022 (b)		120,000		121,747

County of Miami-Dade, Water and Sewer System

Rev., 5.00%, 10/1/2022		180,000		184,505

Series 2013A, Rev., 5.00%, 10/1/2022 (b)		45,000		46,118

Series A, Rev., 5.00%, 10/1/2022 (b)		535,000		548,295

Series 2008B, Rev., AGM, 5.25%, 10/1/2022		120,000		123,134

Series B, Rev., AGM, 4.13%, 10/1/2023 (b)		110,000		115,300

Rev., 5.00%, 10/1/2023		125,000		132,712

Series 2013B, Rev., 5.00%, 10/1/2023 (b)		120,000		127,423

Series B, Rev., 5.00%, 10/1/2023 (b)		20,000		21,237

Series B, Rev., 5.25%, 10/1/2023 (b)		20,000		21,315

Rev., 5.00%, 10/1/2024		120,000		131,230

County of Okaloosa, Sales Tax

Rev., 5.00%, 10/1/2022		130,000		133,254

Rev., 5.00%, 10/1/2023		25,000		26,526

County of Orange, Water Utility System Rev., 5.00%, 10/1/2022		20,000		20,501

County of Osceola, Infrastructure Sales Surtax Rev., 5.00%, 10/1/2022		840,000		860,328

County of Osceola, Sales Tax Series 2016A, Rev., 4.00%, 10/1/2022		90,000		91,658

County of Palm Beach

Rev., 5.00%, 11/1/2022		25,000		25,709

Rev., 5.00%, 11/1/2023		30,000		31,930

County of Palm Beach, Library District Improvement Projects GO, 5.00%, 8/1/2022		50,000		50,907


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Florida — continued

County of Palm Beach, Public Improvement

Rev., 5.00%, 6/1/2022 (b)		30,000		30,330

Rev., 5.00%, 6/1/2022		175,000		176,929

Series 2014A, Rev., 5.00%, 11/1/2022		30,000		30,851

County of Palm Beach, Recreational and Cultural Facilities GO, 5.00%, 7/1/2022		210,000		213,079

County of Palm Beach, Water and Sewer Rev., 5.00%, 10/1/2023 (b)		25,000		26,546

County of Palm Beach, Water and Sewer, FPL Reclaimed Water Project Rev., 5.00%, 10/1/2022		35,000		35,874

County of Pasco, Fire-Rescue Projects Series 2019B, GO, 5.00%, 10/1/2023		35,000		37,154

County of Pasco, Half-Cent Sales Tax and Improvement Series 2013A, Rev., 5.00%, 12/1/2022		295,000		304,222

County of Pasco, Water and Sewer Series 2014A, Rev., 5.00%, 10/1/2022		70,000		71,731

County of Pinellas, Sewer Rev., 5.00%, 10/1/2022 (b)		60,000		61,473

County of Polk, Public Facilities Rev., 4.00%, 12/1/2022		25,000		25,598

County of Polk, Utility System Rev., 5.00%, 10/1/2022		265,000		271,633

County of Sarasota

Rev., 5.00%, 10/1/2022		90,000		92,252

Rev., 5.00%, 10/1/2023		25,000		26,559

County of Sarasota, Infrastructure Sales Surtax Rev., 5.00%, 10/1/2022		210,000		215,256

County of Sarasota, Infrastructure Sales Surtax Rev., 5.00%, 10/1/2022		190,000		194,755

County of Sarasota, Utility System

Rev., 5.00%, 10/1/2022		100,000		102,503

Rev., 5.00%, 10/1/2023 (b)		25,000		26,546

County of Seminole, Water and Sewer System

Series 2015A, Rev., 5.00%, 10/1/2022		20,000		20,503

Series 2015B, Rev., 5.00%, 10/1/2022		75,000		76,886

Series 2015A, Rev., 5.00%, 10/1/2023		50,000		53,101

County of St. Johns, Sales Tax Rev., AGM, 5.00%, 10/1/2023		35,000		37,154


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Florida — continued

County of St. Johns, Transportation Improvement Rev., AGM, 5.00%, 10/1/2022		45,000		46,113

County of St. Johns, Water and Sewer System

Rev., 5.00%, 6/1/2022		120,000		121,329

Series A, Rev., 5.00%, 12/1/2022 (b)		75,000		77,356

County of St. Lucie, Non-Ad Valorem Rev., 5.00%, 10/1/2023		75,000		79,128

County of St. Lucie, Power and Light Co. Project Rev., VRDO, 0.11%, 3/1/2022 (c)		45,750,000		45,750,000

County of St. Lucie, Sales Tax Series A, Rev., AGM, 5.00%, 10/1/2023 (b)		65,000		68,883

Escambia County Housing Finance Authority, Multi County Program Series 2019B, Rev., GNMA COLL, 1.65%, 4/1/2023		80,000		80,317

Escambia County School Board Series 2020A, COP, 5.00%, 2/1/2023		80,000		82,989

Escambia County School Board, Sales Tax

Rev., 5.00%, 9/1/2022		140,000		142,973

Rev., 5.00%, 9/1/2023		125,000		132,010

Florida Atlantic University Finance Corp., Student Housing Project Series 2019A, Rev., 5.00%, 7/1/2022		210,000		213,015

Florida Atlantic University Housing System Series 2016A, Rev., 5.00%, 7/1/2022		35,000		35,501

Florida Department of Children and Families, Evaluation Treatment Center Financing Corp. Project Series 2021A, COP, 5.00%, 10/1/2022		30,000		30,721
Florida Department of Environmental Protection

Series 2012A, Rev., 5.00%, 7/1/2022		340,000		344,985

Series 2014A, Rev., 5.00%, 7/1/2022		150,000		152,199

Series 2016A, Rev., 5.00%, 7/1/2022		190,000		192,786

Series 2017A, Rev., 5.00%, 7/1/2022		300,000		304,399

Series 2018A, Rev., 5.00%, 7/1/2022		210,000		213,079


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Florida — continued

Series 2012A, Rev., 5.00%, 7/1/2023		290,000		293,871

Series 2014A, Rev., 5.00%, 7/1/2023		325,000		342,397

Florida Department of Environmental Protection, Everglades Restoration

Series 2019A, Rev., 5.00%, 7/1/2022		45,000		45,660

Series 2013A, Rev., 4.00%, 7/1/2025		200,000		202,098
Florida Department of Management Services

Series 2015A, COP, 5.00%, 8/1/2022		421,000		428,622

Series 2018A, COP, 5.00%, 11/1/2022		135,000		138,809

Series 2021A, COP, 5.00%, 11/1/2022		255,000		262,196

Series 2015A, COP, 5.00%, 8/1/2023		185,000		195,402

Series 2018A, COP, 5.00%, 11/1/2023		25,000		26,604

Series 2018A, COP, 5.00%, 11/1/2026		20,000		23,115

Florida Department of Management Services, Florida Facilities Pool Series 2017A, Rev., 5.00%, 9/1/2023		110,000		116,524

Florida Development Finance Corp., Nova Southeastern University Project Series 2020A, Rev., 5.00%, 4/1/2025		190,000		209,236

Florida Governmental Utility Authority, North Fort Myers Utility System Rev., AGM, 5.00%, 10/1/2022		70,000		71,698

Florida Gulf Coast University Financing Corp., Housing Project

Series A, Rev., VRDO, LOC: TD Bank NA, 0.20%, 3/9/2022 (c)		10,300,000		10,300,000

Series 2017A, Rev., 5.00%, 8/1/2022		100,000		101,735

Series 2020A, Rev., 5.00%, 2/1/2023		120,000		124,337

Series 2020A, Rev., 5.00%, 2/1/2024		125,000		133,297

Series 2020A, Rev., 5.00%, 2/1/2025		115,000		125,902


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Florida — continued

Florida Higher Educational Facilities Financial Authority, Nova Southeastern University Project Series 2012A, Rev., 5.00%, 4/1/2022 (b)		95,000		95,343

Florida Higher Educational Facilities Financial Authority, Rollins College Project

Series 2012A, Rev., 2.63%, 12/1/2022 (b)		50,000		50,669

Series 2012B, Rev., 3.00%, 12/1/2022		50,000		50,763

Series 2012A, Rev., 3.50%, 12/1/2022 (b)		55,000		56,090

Series 2012A, Rev., 5.00%, 12/1/2022 (b)		20,000		20,621

Florida Higher Educational Facilities Financial Authority, University of Tampa Project

Series 2012A, Rev., AGM, 4.50%, 4/1/2022 (b)		100,000		100,321

Series 2012A, Rev., 5.00%, 4/1/2022 (b)		50,000		50,180

Florida Housing Finance Corp., Multi-Family Housing, Azure Estates Series 2019J, Rev., VRDO, 1.45%, 3/1/2022 (c)		15,205,000		15,205,000

Florida Municipal Loan Council

Series 2012A, Rev., AGM, 5.00%, 5/1/2022 (b)		200,000		201,460

Florida Municipal Loan Council, Lighthouse Point Series 2019A, Rev., 5.00%, 8/1/2022		60,000		61,071

Florida Municipal Power Agency, All-Requirements Power Supply Project

Series 2015B, Rev., 5.00%, 10/1/2022		30,000		30,733

Series 2016A, Rev., 5.00%, 10/1/2022		135,000		138,299

Series 2016A, Rev., 5.00%, 10/1/2023		605,000		641,242

Series 2016A, Rev., 5.00%, 10/1/2024		255,000		278,795

Series 2017A, Rev., 5.00%, 10/1/2025		50,000		56,169

Florida Municipal Power Agency, St. Lucie Project Series 2012A, Rev., 5.00%, 10/1/2026		165,000		169,029


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Florida — continued

Florida Municipal Power Agency, Stanton II Project

Series 2012A, Rev., 5.00%, 10/1/2022		235,000		240,784

Series 2012A, Rev., 5.00%, 10/1/2023		650,000		664,612

Series 2012A, Rev., 5.00%, 10/1/2025		30,000		30,717

Florida State Board of Governors, Parking Facility

Series 2014A, Rev., 5.00%, 7/1/2022		50,000		50,726

Series 2018A, Rev., 5.00%, 8/1/2022		115,000		117,073

Series 2018A, Rev., 5.00%, 8/1/2023		120,000		126,712

Florida State Board of Governors, University of Florida Student Activity Series 2013A, Rev., 5.00%, 7/1/2022		105,000		106,525

Florida State Development Commission, Everglades Parkway Series 2017A, Rev., 5.00%, 7/1/2022		65,000		65,942

FSU Financial Assistance, Inc.

Series 2012C, Rev., 4.00%, 10/1/2022		25,000		25,459

Series C, Rev., 5.00%, 10/1/2022		25,000		25,603

Series 2012C, Rev., 3.00%, 10/1/2025		100,000		100,793

Greater Orlando Aviation Authority, Airport Facilities Series 2016B, Rev., 5.00%, 10/1/2022		95,000		97,378

Halifax Hospital Medical Center Rev., 5.00%, 6/1/2022		100,000		101,057

Hillsborough County Aviation Authority, Tampa International Airport Series 2018F, Rev., 5.00%, 10/1/2023		100,000		106,088

Hillsborough County School Board

Series 2016A, COP, 5.00%, 7/1/2022		85,000		86,218

Series 2017A, COP, 5.00%, 7/1/2022		310,000		314,440

Series 2017A, COP, 5.00%, 7/1/2023		25,000		26,294

Hillsborough County School Board, Master Lease Program

COP, 5.00%, 7/1/2022		75,000		76,074


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Florida — continued

Series 2012A, COP, 5.00%, 7/1/2022 (b)		320,000		324,659

Series 2015A, COP, 5.00%, 7/1/2022		90,000		91,289

Series 2017C, COP, 5.00%, 7/1/2022		150,000		152,149

Hillsborough County School Board, Sales Tax

Series 2015B, Rev., AGM, 5.00%, 10/1/2022		85,000		86,997

Series 2015B, Rev., AGM, 5.00%, 10/1/2023		125,000		132,265

Hollywood Community Redevelopment Agency Rev., 5.00%, 3/1/2023		40,000		41,492

Indian River County District School Board

Series A, COP, 5.00%, 7/1/2022		125,000		126,791

Series B, COP, 5.00%, 7/1/2022		100,000		101,432

Series A, COP, 5.00%, 7/1/2023		270,000		283,973

Inland Protection Financing Corp.

Series 2019A, Rev., 5.00%, 7/1/2022		75,000		76,100

Series 2019A, Rev., 5.00%, 7/1/2023		30,000		31,589

Jacksonville Transportation Authority, Senior Lien Gas Tax

Rev., 5.00%, 8/1/2022		25,000		25,441

Rev., 5.00%, 8/1/2023		40,000		42,167

Rev., 5.00%, 8/1/2024		25,000		27,139

JEA Electric System

Series 2013A, Rev., 5.00%, 10/1/2022		525,000		537,912

Series 2013A, Rev., 5.00%, 10/1/2022 (b)		40,000		40,982

Series 2015A, Rev., 5.00%, 10/1/2022 (b)		20,000		20,491

Series A, Rev., 5.00%, 10/1/2022		100,000		102,467

Series B, Rev., 5.00%, 10/1/2022		100,000		102,468

Series A, Rev., 5.00%, 10/1/2023 (b)		60,000		63,663

JEA Water and Sewer System

Series 2008A-1, Rev., VRDO, LIQ: U.S. Bank NA, 0.05%, 3/1/2022 (c)		14,100,000		14,100,000

Series 2013A, Rev., 5.00%, 10/1/2022 (b)		45,000		46,105

Series 2013A, Rev., 5.00%, 10/1/2022 (b)		45,000		46,096


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Florida — continued

Series 2017A, Rev., 5.00%, 10/1/2023		165,000		175,287

Key West Utility Board, Electric System Rev., 5.00%, 10/1/2023		25,000		26,538

Lake County School Board, Master Lease Program Series 2013A, COP, 4.00%, 6/1/2022		80,000		80,669

Lee County School Board (The)

Series 2012B, COP, 3.00%, 8/1/2022		425,000		425,811

Series 2012B, COP, 4.00%, 8/1/2022		145,000		147,021

Series 2014A, COP, 5.00%, 8/1/2022		75,000		76,355

Series 2019A, COP, 5.00%, 8/1/2022		475,000		483,580

Series 2020A, COP, 5.00%, 8/1/2022		25,000		25,452

Series 2012B, COP, 5.00%, 8/1/2023		30,000		30,096

Lee Memorial Health System

Series 2019A-1, Rev., 5.00%, 4/1/2022		695,000		697,467

Series 2019A-1, Rev., 5.00%, 4/1/2023		20,000		20,853

Series A-1, Rev., 5.00%, 4/1/2025		160,000		176,605

Leon County School District, Sales Tax Rev., 5.00%, 9/1/2022		65,000		66,381

Marion County School Board Series 2015B, COP, 5.00%, 6/1/2023		20,000		20,977

Martin County Health Facilities Authority, Martin Memorial Medical Center

Rev., 5.00%, 11/15/2022 (b)		45,000		46,325

Rev., 4.25%, 11/15/2024 (b)		105,000		113,261

Martin County School District Series 2014A, COP, AGM, 5.00%, 7/1/2022		25,000		25,356

Martin County School District, Florida Master Lease Program COP, 5.00%, 10/1/2022		160,000		163,881

Miami Beach Health Facilities Authority, Mount Sinai Medical Center Rev., 5.00%, 11/15/2022 (b)		280,000		288,242

Miami-Dade County Educational Facilities Authority, University of Miami Series B, Rev., AMBAC, 5.25%, 4/1/2022		185,000		185,678


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Florida — continued

Miami-Dade County Expressway Authority, Toll System

Series 2013A, Rev., 5.00%, 7/1/2022		50,000		50,705

Series 2014B, Rev., 5.00%, 7/1/2022		150,000		152,113

Series 2014B, Rev., 5.00%, 7/1/2023		30,000		31,536

Series 2014B, Rev., 5.00%, 7/1/2025		220,000		238,277

Miami-Dade County Health Facilities Authority, Miami Children’s Hospital Rev., 5.00%, 8/1/2023 (b)		25,000		26,366

Miami-Dade County Health Facilities Authority, Niklaus Children’s Hospital Rev., 5.00%, 8/1/2022		120,000		122,183

Miami-Dade County Housing Finance Authority, Cabana Club Apartments Rev., 1.40%, 4/1/2022 (c)		905,000		905,342

Miami-Dade County Housing Finance Authority, Multi-family Rev., 0.25%, 8/1/2023 (c)		100,000		98,970

Monroe County School District, Sales Tax Rev., AGM, 5.00%, 10/1/2022		250,000		256,020

New Smyrna Beach Utilities Commission Rev., 5.00%, 10/1/2022		65,000		66,627

Orange County Convention Center, Tourist Development Tax

Rev., 5.00%, 10/1/2022		425,000		435,209

Rev., 5.00%, 10/1/2023		50,000		52,979

Orange County Health Facilities Authority, Orlando Health Obligated Group

Series 2012A, Rev., 5.00%, 4/1/2022 (b)		120,000		120,433

Series 2016A, Rev., 5.00%, 10/1/2023		115,000		121,945

Series 2019B, Rev., 5.00%, 10/1/2024		75,000		81,738

Orange County Housing Finance Authority, Jernigan Gardens Project Series 2020B, Rev., 0.35%, 10/1/2022 (c)		75,000		74,730

Orange County School Board

Series 2012B, COP, 5.00%, 8/1/2022 (b)		1,590,000		1,618,386

Series 2015D, COP, 5.00%, 8/1/2023		200,000		211,012


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Florida — continued

Orlando Utilities Commission, Utility System

Series 2011C, Rev., 4.00%, 10/1/2022		90,000		91,705

Series 2011C, Rev., 5.00%, 10/1/2022		435,000		445,759

Series 2013A, Rev., 5.00%, 10/1/2022		400,000		409,893

Series 2010C, Rev., 5.25%, 10/1/2022		150,000		153,927

Series 2012A, Rev., 5.00%, 10/1/2023		20,000		21,231

Series 2013A, Rev., 5.00%, 10/1/2023		135,000		143,307

Series 2016A, Rev., 5.00%, 10/1/2023		25,000		26,538

Series 2018A, Rev., 5.00%, 10/1/2023		25,000		26,538

Series 2013A, Rev., 5.00%, 10/1/2024		45,000		49,283

Orlando-Orange County Expressway Authority

Rev., 5.00%, 7/1/2022		770,000		781,159

Rev., AGM, 5.00%, 7/1/2022 (b)		185,000		187,663

Series 2013B, Rev., 5.00%, 7/1/2022		425,000		431,159

Series 2013B, Rev., AGM, 5.00%, 7/1/2022		20,000		20,293

Series 2013B, Rev., 5.00%, 7/1/2023		20,000		21,030

Osceola County School Board

Series 2013A, COP, 4.00%, 6/1/2022		100,000		100,846

Series 2013A, COP, 5.00%, 6/1/2023		180,000		188,791

Palm Beach County Health Facilities Authority, Baptist Health South Florida Obligated Group

Rev., 5.00%, 8/15/2022		665,000		677,651

Rev., 5.00%, 8/15/2024		560,000		609,180

Palm Beach County School District

Series 2012A, COP, 5.00%, 8/1/2022 (b)		175,000		178,161

Series 2014B, COP, 5.00%, 8/1/2022		210,000		213,758

Series 2015B, COP, 5.00%, 8/1/2022		105,000		106,879


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Florida — continued

Series 2015D, COP, 5.00%, 8/1/2022		220,000		223,937

Series 2017B, COP, 5.00%, 8/1/2022		65,000		66,163

Series 2018A, COP, 5.00%, 8/1/2022		400,000		407,158

Series 2018B, COP, 5.00%, 8/1/2022		50,000		50,895

Series 2018C, COP, 5.00%, 8/1/2022		120,000		122,147

Series 2014B, COP, 5.00%, 8/1/2023		85,000		89,680

Series 2017B, COP, 5.00%, 8/1/2023		50,000		52,753

Series 2018B, COP, 5.00%, 8/1/2023		20,000		21,101

Series 2018A, COP, 5.00%, 8/1/2024		80,000		87,104

Series 2018B, COP, 5.00%, 8/1/2024		100,000		108,855

Series 2012C, COP, 5.00%, 8/1/2025		25,000		25,441

Series 2017B, COP, 5.00%, 8/1/2025		40,000		44,826

Pasco County School Board

Series 2018A, COP, 4.00%, 8/1/2022		100,000		101,369

Series 2013A, COP, 5.00%, 8/1/2022		625,000		636,131

Series 2020D, COP, AGM, 5.00%, 8/1/2022		100,000		101,781

Series 2015A, COP, 5.00%, 8/1/2023		40,000		42,133

Pasco County School Board, Sales Tax

Rev., 5.00%, 10/1/2022		620,000		635,187

Rev., 5.00%, 10/1/2023		35,000		37,057

Peace River Manasota Regional Water Supply Authority, Utility System Rev., 4.00%, 10/1/2022		55,000		56,042

Pinellas County Housing Finance Authority, Multi-Family Housing, Lexington Club at Renaissance Square Apartments Rev., 0.30%, 4/1/2022 (c)		845,000		844,537

Pinellas County School Board, Master Lease Program Series 2017A, COP, 5.00%, 7/1/2022		20,000		20,289

Polk County School District, Sales Tax

Rev., 5.00%, 10/1/2022		280,000		287,008


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Florida — continued

Rev., 5.00%, 10/1/2023		25,000		26,530

Rev., 5.00%, 10/1/2024		30,000		32,792

Port St. Lucie Community Redevelopment Agency Rev., 5.00%, 1/1/2023		170,000		175,782

Reedy Creek Improvement District, Ad Valorem Tax

Series A, GO, 5.00%, 6/1/2022		65,000		65,712

Series A, GO, 5.00%, 6/1/2023 (b)		25,000		26,253

Series B, GO, 5.00%, 6/1/2023		25,000		26,246

Riviera Beach Utility Special District Rev., 5.00%, 10/1/2022		25,000		25,611

Santa Rosa County School Board COP, 5.00%, 2/1/2023		75,000		77,760

Sarasota County Public Hospital District, Sarasota Memorial Hospital Series 1998B, Rev., NATL-RE, 5.25%, 7/1/2024		690,000		737,705

School Board of Miami-Dade County (The)

GO, 5.00%, 3/15/2022		180,000		180,298

Series 2015A, COP, 5.00%, 5/1/2022		485,000		488,460

Series 2012A, COP, 5.00%, 8/1/2022		85,000		86,489

Series 2014D, COP, 5.00%, 11/1/2022		125,000		128,476

Series 2015D, COP, 5.00%, 2/1/2023		1,255,000		1,300,833

GO, 5.00%, 3/15/2023		45,000		46,919

Series 2015A, COP, 5.00%, 5/1/2023		465,000		486,169

Series A, COP, 5.00%, 5/1/2023 (b)		135,000		141,114

Series 2014D, COP, 5.00%, 11/1/2023		170,000		180,615

Series 2015D, COP, 5.00%, 2/1/2024		445,000		476,286

Series 2015B, COP, 5.00%, 5/1/2024		150,000		161,606

Series 2014A, COP, 5.00%, 5/1/2024 (c)		405,000		435,614

Series 2014D, COP, 5.00%, 11/1/2024		20,000		21,871

Series 2015D, COP, 5.00%, 2/1/2025		25,000		27,535

GO, 5.00%, 3/15/2025		205,000		227,350

Series 2015A, COP, 5.00%, 5/1/2025		820,000		909,607


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Florida — continued

Series 2015C, COP, 5.00%, 5/1/2025		160,000		177,484

Series 2014D, COP, 5.00%, 11/1/2025		25,000		27,298

Series 2015A, COP, 5.00%, 5/1/2026		280,000		309,589

Series 2015B, COP, 5.00%, 5/1/2026		340,000		375,930

Series 2014D, COP, 5.00%, 11/1/2026		25,000		27,298

Series 2015A, COP, AGM, 5.00%, 5/1/2027		85,000		94,316

School District of Broward County

GO, 5.00%, 7/1/2022		25,000		25,356

Series 2012A, COP, 5.00%, 7/1/2022 (b)		55,000		55,801

Series 2015A, COP, 5.00%, 7/1/2022		1,610,000		1,633,225

Series 2015B, COP, 5.00%, 7/1/2022		405,000		410,842

Series A, COP, 5.00%, 7/1/2022		875,000		887,652

Series C, COP, 5.00%, 7/1/2022		205,000		207,957

Series 2015A, COP, 5.00%, 7/1/2023		770,000		810,481

Series 2015B, COP, 5.00%, 7/1/2023		285,000		299,983

Series A, COP, 5.00%, 7/1/2023		315,000		331,560

Series C, COP, 5.00%, 7/1/2023		260,000		273,669

Series 2012A, COP, 5.00%, 7/1/2024		270,000		273,913

Series 2015A, COP, 5.00%, 7/1/2024		25,000		27,155

Series 2015B, COP, 5.00%, 7/1/2024		215,000		233,638

Series A, COP, 5.00%, 7/1/2024		105,000		113,875

Series C, COP, 5.00%, 7/1/2024		70,000		75,916

Series 2015A, COP, 5.00%, 7/1/2026		135,000		150,598

Seacoast Utility Authority, Water and Sewer Utility System Series B, Rev., 5.00%, 3/1/2023		20,000		20,815

Seminole County School Board

Series 2012A, COP, 5.00%, 7/1/2022		275,000		278,976

Series 2012B, COP, 5.00%, 7/1/2022 (b)		195,000		197,807


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Florida — continued

South Broward Hospital District, Memorial Healthcare System

Rev., 5.00%, 5/1/2022		855,000		861,258

Rev., 5.00%, 5/1/2023		415,000		434,438

Rev., 5.00%, 5/1/2024		190,000		204,955

Rev., 4.00%, 5/1/2026		25,000		27,514

South Florida Water Management District

COP, 5.00%, 10/1/2022		465,000		476,500

COP, 5.00%, 10/1/2023		475,000		504,150

St. Johns County Industrial Development Authority, Vicar’s Landing Project

Series 2021A, Rev., 4.00%, 12/15/2022		110,000		111,567

Series 2021A, Rev., 4.00%, 12/15/2023		120,000		123,525

Series 2021A, Rev., 4.00%, 12/15/2024		145,000		150,973

St. Johns County School Board

COP, 5.00%, 7/1/2023		100,000		105,216

Series 2020A, COP, 5.00%, 7/1/2023		20,000		21,043

St. Johns County School Board, Sales Tax

Rev., 5.00%, 10/1/2022		20,000		20,479

Rev., 5.00%, 10/1/2024		35,000		38,191

St. Lucie County School Board

COP, 5.00%, 7/1/2022		40,000		40,573

Series 2013A, COP, 5.00%, 7/1/2023		45,000		47,329

St. Lucie County School Board, Sales Tax Rev., AGM, 5.00%, 10/1/2025		150,000		167,670

St. Lucie County, Water and Sewer District Utility System Rev., 5.00%, 10/1/2022		135,000		138,299

State of Florida Board of Education, Public Education Capital Outlay

Series 2013B, GO, 4.00%, 6/1/2022		50,000		50,420

Series 2012C, GO, 5.00%, 6/1/2022		92,000		93,028

Series 2012D, GO, 5.00%, 6/1/2022		20,000		20,223

Series 2013A, GO, 5.00%, 6/1/2022		100,000		101,118

Series 2013B, GO, 5.00%, 6/1/2022		620,000		626,741

Series 2014A, GO, 5.00%, 6/1/2022		40,000		40,447

Series 2015A, GO, 5.00%, 6/1/2022		65,000		65,726

Series 2015B, GO, 5.00%, 6/1/2022		595,000		601,650

Series 2016B, GO, 5.00%, 6/1/2022		95,000		96,062

Series 2016C, GO, 5.00%, 6/1/2022		145,000		146,620

Series 2016E, GO, 5.00%, 6/1/2022		95,000		96,062


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Florida — continued

Series 2017A, GO, GTD, 5.00%, 6/1/2022		140,000		141,565

Series 2017B, GO, 5.00%, 6/1/2022		20,000		20,223

Series 2017C, GO, 5.00%, 6/1/2022		20,000		20,223

Series 2020C, GO, 5.00%, 6/1/2022		75,000		75,838

Series 2021B, GO, 5.00%, 6/1/2022		50,000		50,559

Series 2013A, GO, 5.00%, 6/1/2023		100,000		105,102

Series 2014A, GO, 5.00%, 6/1/2023		45,000		47,296

Series 2019A, GO, 5.00%, 6/1/2023		45,000		47,296

Series 2013C, GO, 5.00%, 6/1/2026		20,000		20,997

Series 2015A, GO, 5.00%, 6/1/2026		35,000		37,934

State of Florida Department of Education

Series 2018A, Rev., 5.00%, 7/1/2022		360,000		365,096

Series 2018A, Rev., 5.00%, 7/1/2024		140,000		151,631

State of Florida Department of Transportation

Rev., 5.00%, 7/1/2022		46,000		46,667

Rev., 5.00%, 7/1/2024		35,000		38,042

State of Florida Department of Transportation Turnpike System

Series 2012A, Rev., 5.00%, 7/1/2022		415,000		420,944

Series 2013A, Rev., 5.00%, 7/1/2022		20,000		20,286

Series 2013C, Rev., 5.00%, 7/1/2022		95,000		96,361

Series 2014A, Rev., 5.00%, 7/1/2022		195,000		197,793

Series 2015A, Rev., 5.00%, 7/1/2022		305,000		309,369

Series 2016A, Rev., 5.00%, 7/1/2022		275,000		278,939

Series 2016B, Rev., 5.00%, 7/1/2022		150,000		152,149

Series 2016C, Rev., 5.00%, 7/1/2022		75,000		76,074

Series 2017A, Rev., 5.00%, 7/1/2022		110,000		111,576

Series 2019A, Rev., 5.00%, 7/1/2022		135,000		136,934

Series 2012A, Rev., 5.00%, 7/1/2023		426,000		431,543

Series 2013A, Rev., 5.00%, 7/1/2023		35,000		36,826


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Florida — continued

Series 2016A, Rev., 5.00%, 7/1/2023		40,000		42,087

Series 2016C, Rev., 5.00%, 7/1/2023		45,000		47,347

Series 2013A, Rev., 5.00%, 7/1/2024		85,000		89,480

Series 2013C, Rev., 5.00%, 7/1/2024		50,000		52,635

Series 2013A, Rev., 5.00%, 7/1/2025		55,000		57,899

Series 2016B, Rev., 2.50%, 7/1/2026		20,000		20,701

State of Florida Department of Transportation, Federal Highway Reimbursement Series 2021A, Rev., 5.00%, 7/1/2022		365,000		370,191

State of Florida, Board of Education, Public Education Capital Outlay Series 2019A, GO, 5.00%, 6/1/2022		30,000		30,335

State of Florida, Department of Transportation, Right-of- Way Acquisition and Bridge Construction

Series 2011A, GO, 3.75%, 7/1/2022		115,000		116,216

GO, 5.00%, 7/1/2022		135,000		136,984

GO, 5.00%, 7/1/2023		65,000		65,870

State of Florida, State Board of Education, Lottery

Series 2012A, Rev., 5.00%, 7/1/2022		25,000		25,370

Series 2014A, Rev., 5.00%, 7/1/2022		75,000		76,110

Series 2016A, Rev., 5.00%, 7/1/2022		505,000		512,472

Series 2016B, Rev., 5.00%, 7/1/2022		135,000		136,998

Series 2021A, Rev., 5.00%, 7/1/2022		618,000		627,144

Series 2016B, Rev., 5.00%, 7/1/2023		45,000		47,433

Series 2021A, Rev., 5.00%, 7/1/2023		50,000		52,704

Series 2014A, Rev., 3.00%, 7/1/2025		70,000		71,579

Series 2012A, Rev., 4.00%, 7/1/2026		300,000		303,107

Sumter County Industrial Development Authority Series 2014B, Rev., 5.00%, 7/1/2022		95,000		96,319


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Florida — continued

Sunshine State Governmental Financing Commission

Series 2010A-1, Rev., 5.00%, 9/1/2022 (b)		25,000		25,537

Series 2010B-1, Rev., 5.00%, 9/1/2022 (b)		20,000		20,430

Series 2011B-1, Rev., 5.00%, 9/1/2022 (b)		35,000		35,752

Series 2010A-1, Rev., 5.00%, 9/1/2023 (b)		25,000		26,475

Sunshine State Governmental Financing Commission, Coral Gables Program Series 2018B, Rev., 5.00%, 10/1/2022		35,000		35,876

Sunshine State Governmental Financing Commission, Miami Dade County Program

Series 2011C-1, Rev., 5.00%, 9/1/2022 (b)		95,000		97,042

Series 2011B-1, Rev., 3.75%, 9/1/2023 (b)		50,000		52,001

Series 2010A-1, Rev., 4.00%, 9/1/2023 (b)		50,000		52,209

Series 2011B-1, Rev., 4.00%, 9/1/2023 (b)		30,000		31,325

Series 2010A-1, Rev., 4.13%, 9/1/2023 (b)		25,000		26,151

Series 2011B-1, Rev., 5.00%, 9/1/2023 (b)		40,000		42,360

Series 2011B-1, Rev., 5.00%, 9/1/2023 (b)		20,000		21,180

Series 2011B-1, Rev., 5.50%, 9/1/2023 (b)		30,000		31,992

Series 2011C-1, Rev., 5.50%, 9/1/2023 (b)		45,000		47,988

Tampa Bay Water, Regional Water Supply Authority, Utility System Rev., NATL-RE, 5.50%, 10/1/2022		50,000		51,399

Tampa Bay Water, Water Supply Rev., NATL-RE, 5.50%, 10/1/2023		40,000		42,761

Tampa-Hillsborough County Expressway Authority

Series 2012A, Rev., 4.00%, 7/1/2022 (b)		215,000		217,386

Series A, Rev., 5.00%, 7/1/2022 (b)		265,000		268,814

Series B, Rev., 5.00%, 7/1/2022 (b)		305,000		309,389

Tampa-Hillsborough County, Expressway Authority Series A, Rev., 5.00%, 7/1/2022 (b)		100,000		101,439


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Florida — continued

Tohopekaliga Water Authority, Utility System

Rev., 4.00%, 10/1/2022		50,000		50,962

Rev., 5.00%, 10/1/2023		255,000		270,857

Town of Palm Beach, Public Improvement

Rev., 5.00%, 1/1/2023		130,000		134,521

Series 2016A, Rev., 5.00%, 1/1/2023		25,000		25,869

Town of Palm Beach, Underground Utility Project GO, 5.00%, 7/1/2022		85,000		86,232

University of Central Florida Housing Facility Series 2018A, Rev., 5.00%, 10/1/2022		20,000		20,495

University of Central Florida Parking Facility Series 2019A, Rev., 5.00%, 7/1/2022		25,000		25,362

University of Florida, Department of Housing and Residence Education Housing System Series 2013A, Rev., 5.00%, 7/1/2022		25,000		25,363

USF Financing Corp., Capital Improvement, Marshall Center Project Rev., 5.00%, 7/1/2024		495,000		535,410

USF Financing Corp., Master Lease Program Series 2012A, COP, 5.00%, 7/1/2023		50,000		52,574

Volusia County Educational Facility Authority Rev., 5.00%, 6/1/2022		30,000		30,317

Volusia County Educational Facility Authority, Embry Riddle Aeronautical University, Inc., Project Series 2020A, Rev., 4.00%, 10/15/2022		75,000		76,460

Volusia County School Board

COP, 5.00%, 8/1/2022		425,000		432,623

COP, 5.00%, 8/1/2023		535,000		564,381

Volusia County School Board, Master Lease Program

Series 2014B, COP, 5.00%, 8/1/2022		390,000		396,995

Series 2015A, COP, 5.00%, 8/1/2022		50,000		50,897

Series 2016A, COP, 5.00%, 8/1/2022		35,000		35,629

Series 2014B, COP, 5.00%, 8/1/2025		100,000		108,630

Volusia County School Board, Sales Tax Rev., 5.00%, 10/1/2022		55,000		56,351


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Florida — continued

Walton County District School Board COP, 5.00%, 7/1/2022		100,000		101,446

West Palm Beach Community Redevelopment Agency, City Center Community Redevelopment Area Rev., 5.00%, 3/1/2022		240,000		240,000


Total Florida				197,801,326


Georgia — 0.8%

Albany-Dougherty Inner City Authority, State University Projects Rev., 5.00%, 7/1/2022		375,000		380,258

Alpharetta Development Authority Rev., GTD, 5.00%, 5/1/2022		55,000		55,402

Athens-Clarke County Unified Government Development Authority, UGAREF Central Precincts LLC Project

Rev., 5.00%, 6/15/2022		55,000		55,695

Rev., 5.00%, 6/15/2023		125,000		131,324

Athens-Clarke County Unified Government Development Authority, UGAREF Pac Parking Dec LLC Project Rev., 4.00%, 6/15/2022		175,000		176,712

Athens-Clarke County Unified Government, Sales Tax GO, 5.00%, 12/1/2022		305,000		314,652

Atlanta and Fulton County Recreation Authority, Park Improvement

Series 2014A, Rev., 5.00%, 12/1/2022		20,000		20,625

Series A, Rev., 5.00%, 12/1/2023		25,000		26,677

Atlanta Development Authority (The), Panther Place LLC Project Series 2017A, Rev., 5.00%, 7/1/2023		275,000		289,533

Atlanta Development Authority (The), Piedmont/Ellis LLC University of Commons Project Rev., 5.00%, 9/1/2022 (b)		100,000		102,073

Atlanta Public Safety & Judicial Facilities Authority, Public Safety Facilities Project Rev., 2.00%, 12/1/2022		25,000		25,235

Atlanta Urban Residential Finance Authority, Multi-Family Rev., 0.44%, 3/1/2023 (c)		1,740,000		1,727,017

Bartow County School District

GO, 3.00%, 10/1/2022		25,000		25,331

GO, 5.00%, 10/1/2022		110,000		112,727


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Georgia — continued

Bibb County Development Authority, Macon State College Foundation Real Estate II LLC Project Rev., AGM, 5.00%, 7/1/2022		100,000		101,432

Board of Water Light and Sinking Fund Commissioners of The City of Dalton (The), Gas Utility Rev., 5.00%, 3/1/2022		50,000		50,000

Braselton Urban Redevelopment Agency, Municipal Facilities Project Rev., GTD, 4.00%, 7/1/2024		30,000		31,792

Brookhaven Development Authority, Children’s Health care Series 2019A, Rev., 5.00%, 7/1/2022		335,000		339,855

Bryan County School District GO, 3.00%, 8/1/2022		95,000		95,940

Bulloch County Board of Education, Sales Tax GO, 3.25%, 5/1/2023		20,000		20,535

Carroll City-County Hospital Authority, Tanner Medical Center Project Rev., GTD, 5.00%, 7/1/2023		20,000		21,068

Carroll County School District GO, 5.00%, 4/1/2022		50,000		50,183

Carrollton Independent School System GO, 5.00%, 4/1/2023		20,000		20,882

Catoosa County School District, Sales Tax GO, 5.00%, 8/1/2022		50,000		50,903

Cherokee County Board of Education, School System

GO, 5.00%, 8/1/2022		140,000		142,541

Series B, GO, 5.00%, 8/1/2022		65,000		66,180

Series B, GO, 5.00%, 8/1/2023		20,000		21,121

Cherokee County Water and Sewer Authority Rev., 5.00%, 8/1/2022		125,000		127,253

City of Atlanta Series 2019B, GO, 4.00%, 12/1/2022		55,000		56,323

City of Atlanta Airport Passenger Facility Charge, Sub Lien

Series 2019F, Rev., 5.00%, 7/1/2022		135,000		136,934

Series 2019F, Rev., 5.00%, 7/1/2023		65,000		68,390

Series 2014A, Rev., AMT, 5.00%, 1/1/2024		25,000		26,721

Series 2014A, Rev., AMT, 5.00%, 1/1/2025		20,000		21,321

Series 2014A, Rev., AMT, 5.00%, 1/1/2026		30,000		31,981


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Georgia — continued

City of Atlanta, Department of Aviation Series 2014B, Rev., AMT, 5.00%, 1/1/2023		25,000		25,850

City of Atlanta, Public Improvement GO, 4.75%, 12/1/2024 (b)		30,000		32,795

City of Atlanta, Water and Wastewater

Rev., 5.00%, 11/1/2022		260,000		267,355

Series 2018B, Rev., 5.00%, 11/1/2022		125,000		128,536

Series 2013B, Rev., 4.63%, 11/1/2023 (b)		75,000		79,388

Rev., 5.00%, 11/1/2023		50,000		53,242

Series 2013B, Rev., 5.25%, 11/1/2023 (b)		115,000		122,910

Rev., 5.00%, 11/1/2026		25,000		27,827

City of Cartersville, Water & Sewer Rev., 5.00%, 6/1/2022		175,000		176,916

City of Columbus, Water and Sewerage

Rev., 5.00%, 5/1/2023		40,000		41,869

Series 2013A, Rev., 5.00%, 5/1/2023 (b)		20,000		20,941

City of Griffin, Sales Tax Series 2016A, GO, 4.00%, 7/1/2022		50,000		50,536

Clarke County Board of Education, Sales Tax GO, 5.00%, 9/1/2022		200,000		204,319

Clarke County Hospital Authority, Piedmont Healthcare, Inc. Project Series 2016A, Rev., 5.00%, 7/1/2022		200,000		202,831

Clayton County Development Authority, Clayton State University

Rev., 5.00%, 7/1/2022		100,000		101,385

Rev., 5.00%, 7/1/2023		100,000		105,230

Rev., 5.00%, 7/1/2024		100,000		108,188

Rev., 5.00%, 7/1/2026		50,000		56,930

Cobb County Kennestone Hospital Authority

Rev., 5.00%, 4/1/2023		65,000		67,737

Rev., 5.00%, 4/1/2024		80,000		83,396

Cobb County, Kennestone Hospital Authority, Wellstar Health System, Inc., Project

Rev., 4.00%, 4/1/2022		380,000		381,028

Rev., 5.00%, 4/1/2022		460,000		461,614

Series 2020B, Rev., 5.00%, 4/1/2022		325,000		326,140

Series 2020B, Rev., 5.00%, 4/1/2023		175,000		182,369


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Georgia — continued

Series 2020B, Rev., 5.00%, 4/1/2024		120,000		128,980

Cobb-Marietta Coliseum and Exhibit Hall Authority, Performing Arts Center Project Rev., GTD, 4.00%, 1/1/2024		85,000		87,070

Columbia County School District

GO, 5.00%, 4/1/2022		70,000		70,257

GO, 5.00%, 10/1/2022		40,000		41,001

Columbus Medical Center Hospital Authority, Piedmont Healthcare Inc., Project Series 2019A, Rev., 5.00%, 7/1/2026 (c)		235,000		265,612

County of Carroll, Sales Tax GO, 4.00%, 6/1/2022		60,000		60,520

County of Clayton, Water Authority

Rev., 4.00%, 5/1/2022		50,000		50,288

Rev., 5.00%, 5/1/2022		180,000		181,333

Rev., 5.00%, 5/1/2023		140,000		140,930

County of Cobb GO, 5.00%, 1/1/2023		45,000		46,565

County of Cobb, Water and Sewerage Rev., 5.00%, 7/1/2022		50,000		50,733

County of DeKalb, Special Transportation, Parks and Greenspace and Libraries Tax

GO, 5.00%, 12/1/2022		75,000		77,379

GO, 5.00%, 12/1/2025		40,000		45,265

County of DeKalb, Water and Sewerage Series B, Rev., 5.25%, 10/1/2022		30,000		30,794

County of DeKalb, Water and Sewerage, Second Resolution Rev., 5.00%, 10/1/2022		170,000		174,255

County of Fayette

Series 2012A, Rev., 5.00%, 10/1/2022 (b)		75,000		76,864

Series 2012B, Rev., 5.00%, 10/1/2022 (b)		25,000		25,621

County of Forsyth

GO, 3.00%, 3/1/2022		25,000		25,000

Series B, GO, 5.00%, 3/1/2022		20,000		20,000

Series B, GO, 5.00%, 3/1/2023		95,000		98,921

County of Henry, Sales Tax

GO, 5.00%, 5/1/2022		35,000		35,259

GO, 5.00%, 5/1/2023		20,000		20,942

County of Newton, Sales Tax GO, 5.00%, 8/1/2022		60,000		61,091


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Georgia — continued

DeKalb Newton and Gwinnett Counties Joint Development Authority, GPC Real Estate Student Support I, LLC Project

Rev., 5.00%, 6/1/2022		25,000		25,274

Rev., 5.00%, 6/1/2023		35,000		36,745

Development Authority for Fulton County, Georgia Tech Facilities

Rev., 5.00%, 3/1/2023		25,000		26,017

Series 2014A, Rev., 5.00%, 5/1/2023		25,000		26,171

Development Authority for Fulton County, Piedmont Healthcare, Inc., Project

Series 2016A, Rev., 5.00%, 7/1/2022		235,000		238,327

Series 2016A, Rev., 5.00%, 7/1/2023		145,000		152,405

Development Authority for Fulton County, Spelman College Rev., 5.00%, 6/1/2022		100,000		101,080

Development Authority for Fulton County, Tech Athletic Association Project Series A, Rev., 5.00%, 10/1/2022 (b)		40,000		40,982

Development Authority of Bulloch County, Georgia Southern University Housing Foundation LLC Rev., 5.00%, 7/1/2022		55,000		55,771

Development Authority of Bulloch County, Georgia Southern University Housing Foundation Three LLC, Project Rev., 5.00%, 8/1/2022		40,000		40,702

Development Authority of Greene County, Catholic Health East Rev., 4.25%, 11/15/2022 (b)		50,000		51,210

Development Authority of Gwinnett County, Public Schools Project COP, NATL-RE, 5.25%, 1/1/2023		20,000		20,739

Development Authority of Rockdale County, Piedmont Healthcare, Inc. Project Series 2019A, Rev., 5.00%, 7/1/2022		45,000		45,637

Downtown Savannah Authority, City of Savannah Projects

Rev., GTD, 4.00%, 8/1/2022		90,000		91,266

Series 2018A, Rev., 5.00%, 8/1/2022		25,000		25,455

Dublin School District GO, 3.00%, 4/1/2022		20,000		20,042


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Georgia — continued

Etowah Water and Sewer Authority Rev., 5.00%, 3/1/2022		30,000		30,000

Fayette County School District, Sales Tax GO, 5.25%, 9/1/2022		75,000		76,713

Floyd County Hospital Authority, Medical Center Project Rev., GTD, 5.00%, 7/1/2022 (b)		75,000		76,079

Forsyth County School District GO, 5.00%, 2/1/2023		110,000		114,202

Forsyth County Water and Sewerage Authority

Rev., GTD, 5.00%, 4/1/2022		50,000		50,181

Rev., GTD, 4.00%, 4/1/2023		25,000		25,031

Fulton County Urban Redevelopment Agency Rev., 3.00%, 8/1/2022		105,000		106,043

Gainesville and Hall County Development Authority, Hall County Facilities Project Rev., 5.00%, 5/1/2024		20,000		21,619

Gainesville and Hall County Development Authority, Oakwood Sewer Facilities Project Rev., AGM, GTD, 3.00%, 8/1/2022		50,000		50,476

Gainesville and Hall County Hospital Authority, Northeast Georgia Health System, Inc. Project Rev., GTD, 5.00%, 2/15/2025		330,000		364,973

Gainesville and Hall County Hospital Authority, Northeast Georgia Health System, Inc., Project Series 2020A, Rev., 5.00%, 2/15/2023		100,000		103,889

Georgia Higher Education Facilities Authority, USG Real Estate Foundation II LLC Projects Rev., 5.00%, 6/15/2022		200,000		202,440

Georgia State Road and Tollway Authority

Series 2017-A, Rev., 5.00%, 6/1/2022		30,000		30,330

Series 2011B, Rev., GTD, 5.00%, 10/1/2022		55,000		56,380

Rev., GTD, 5.00%, 10/1/2023		30,000		31,870

Georgia State Road and Tollway Authority, Federal Highway Reimbursement Series 2017-A, Rev., 5.00%, 6/1/2022		25,000		25,276

Gwinnett County School District

GO, 5.00%, 2/1/2023 (b)		25,000		25,943

GO, 5.00%, 2/1/2023		25,000		25,953


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Georgia — continued

Gwinnett County School District, Sales Tax GO, 5.00%, 8/1/2022		260,000		264,740

Gwinnett County Water and Sewerage Authority

Rev., 4.00%, 8/1/2022		25,000		25,352

Rev., 5.00%, 8/1/2022		45,000		45,818

Habersham County School District GO, 5.00%, 4/1/2023 (b)		60,000		62,606

Hall County School District GO, 5.00%, 11/1/2022		80,000		82,268

Henry County School District

GO, 4.50%, 8/1/2022		80,000		81,290

GO, 5.00%, 8/1/2022		95,000		96,720

Houston County School District, Sales Tax GO, 5.00%, 9/1/2022		95,000		97,052

Jackson County Industrial Development Authority, Economic Development Project Rev., 5.00%, 7/1/2023		55,000		57,914

Jefferson Public Building Authority, Jackson Country Project Rev., 3.00%, 3/1/2022		35,000		35,000

LaGrange-Troup County Hospital Authority Rev., 5.00%, 4/1/2023		325,000		338,686

Lawrenceville Building Authority Rev., 5.00%, 4/1/2022		25,000		25,091

Lowndes County Public Facilies Authority, Lowndes County School District Projects Rev., 3.00%, 2/1/2023		20,000		20,395

Lumpkin County School District GO, 3.00%, 12/1/2022		25,000		25,414

Macon Water Authority Series 2018A, Rev., 5.00%, 10/1/2022		25,000		25,626

Main Street Natural Gas, Inc., Gas Project Series 2006B, Rev., 5.00%, 3/15/2022		60,000		60,092

Main Street Natural Gas, Inc., Gas Supply

Series 2018B, Rev., (ICE LIBOR USD 1 Month + 0.75%), 0.90%, 4/1/2022 (d)		335,000		335,244

Series 2019B, Rev., 4.00%, 6/1/2022		450,000		453,749

Series 2019B, Rev., 4.00%, 12/1/2022		345,000		353,064

Series 2019B, Rev., 4.00%, 6/1/2023		240,000		248,786

Series 2018A, Rev., LIQ: Royal Bank of Canada, 4.00%, 9/1/2023 (c)		1,200,000		1,245,497


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Georgia — continued

Series 2018C, Rev., LIQ: Royal Bank of Canada, 4.00%, 12/1/2023 (c)		630,000		657,459

Subseries C, Rev., LIQ: Royal Bank of Canada, 4.00%, 12/1/2023		100,000		104,464

Series 2019B, Rev., 4.00%, 12/2/2024 (c)		440,000		469,889

Metropolitan Atlanta Rapid Transit Authority, Sales Tax, Third Indenture

Series 2012A, Rev., 3.00%, 7/1/2022 (b)		50,000		50,388

Series 2018A, Rev., 3.00%, 7/1/2022		180,000		181,452

Series 2012A, Rev., 4.00%, 7/1/2022 (b)		45,000		45,499

Series 2012A, Rev., 5.00%, 7/1/2022 (b)		505,000		512,353

Series 2014A, Rev., 5.00%, 7/1/2022		125,000		126,833

Series 2017C, Rev., 5.00%, 7/1/2022		60,000		60,880

Series 2007A, Rev., NATL-RE, 5.25%, 7/1/2023		40,000		42,257

Morgan County School District GO, 5.00%, 5/1/2022		65,000		65,477

Municipal Gas Authority of Georgia, Gas Portfolio IV Project Series A, Rev., 5.00%, 10/1/2022		125,000		128,055

Oconee County School District, Sales Tax

GO, 2.50%, 3/1/2022		25,000		25,000

GO, 4.00%, 3/1/2022		75,000		75,000

Oglethorpe County School District, School Improvement GO, 4.00%, 8/1/2022		50,000		50,682

Pike County School District GO, 3.00%, 10/1/2022		100,000		101,340

Private Colleges and Universities Authority, Emory University

Series 2019A, Rev., 5.00%, 9/1/2022		20,000		20,432

Series B, Rev., 5.00%, 10/1/2022		35,000		35,874

Series 2020B, Rev., 5.00%, 9/1/2025		980,000		1,099,442

Private Colleges and Universities Authority, Savannah College of Art and Design Projects Rev., 5.00%, 4/1/2022 (b)		20,000		20,073

Putnam County School District GO, 3.00%, 10/1/2022		25,000		25,335


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Georgia — continued

Rabun County School District GO, 3.00%, 10/1/2022		30,000		30,402

Richmond County Board of Education, Sales Tax GO, 5.00%, 10/1/2022		75,000		76,877

Richmond County Hospital Authority, University Health Services, Inc., Project Rev., 5.00%, 1/1/2023		195,000		201,632

Sandy Springs Public Facilities Authority Series 2020B, Rev., 2.00%, 5/1/2022		30,000		30,071

Sandy Springs Public Facilities Authority, City of Sandy Springs City Center Project Rev., 5.00%, 5/1/2022		410,000		413,035

South Regional Joint Development Authority, Valdosta State University Parking and Student Service Center Project Rev., 5.00%, 8/1/2025		1,095,000		1,221,678

South Regional Joint Development Authority, Valdosta State University Student Union Project Rev., 5.00%, 8/1/2025		215,000		239,873

State of Georgia

Series 2018A, GO, 5.00%, 7/1/2022		65,000		65,964

Series 2021A, GO, 5.00%, 7/1/2022		65,000		65,964

Series 2020A, GO, 5.00%, 8/1/2022		70,000		71,288

Series 2012C, GO, 4.00%, 9/1/2022		170,000		172,880

Series 2011-I, GO, 4.00%, 11/1/2022		25,000		25,070

Series 2011J-2, GO, 4.50%, 11/1/2022		80,000		80,256

Series 2016C, GO, 5.00%, 1/1/2023		25,000		25,872

Series 2016A, GO, 5.00%, 2/1/2023		25,000		25,951

Series 2018A, GO, 5.00%, 7/1/2023		15,000		15,815

Series C, GO, 5.00%, 9/1/2023		20,000		20,416

Series 2013C, GO, 4.00%, 10/1/2023		145,000		147,627

Series 2012A, GO, 5.00%, 7/1/2024		50,000		50,696

Series 2011I, GO, 4.00%, 11/1/2024		150,000		150,424

Series 2013A, GO, 5.00%, 1/1/2025		50,000		51,596

Series 2012A, GO, 5.00%, 7/1/2025		75,000		76,044

Telfair County School District, Sales Tax GO, 5.00%, 8/1/2022		30,000		30,519

Tift County Hospital Authority

Rev., GTD, 4.00%, 12/1/2022 (b)		170,000		174,077

Rev., GTD, 5.00%, 12/1/2022 (b)		85,000		87,670

Rev., GTD, 5.00%, 12/1/2022		25,000		25,785


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Georgia — continued

Valdosta and Lowndes County Hospital Authority Series 2019A, Rev., 5.00%, 10/1/2022		100,000		102,479

Walton County School District GO, 5.00%, 8/1/2022		40,000		40,724

Warner Robins Public Facilities Authority, City of Warner Robins Projects Rev., 5.00%, 7/1/2022		25,000		25,367

White County School District GO, 5.00%, 4/1/2023		70,000		73,080

Whitfield County School District

GO, 5.00%, 4/1/2022		30,000		30,109

GO, 5.00%, 4/1/2023		25,000		26,100


Total Georgia				24,217,778


Hawaii — 0.6%

City & County Honolulu, First Bond Resolution, Wastewater System

Series 2012B, Rev., 3.00%, 7/1/2022 (b)		20,000		20,159

Series 2012A, Rev., 5.00%, 7/1/2022 (b)		75,000		76,092

Series A, Rev., 5.00%, 7/1/2022 (b)		25,000		25,364

City & County Honolulu, Wastewater System

Series A, Rev., 5.00%, 7/1/2022		20,000		20,294

Series B, Rev., 5.00%, 7/1/2022		95,000		96,396

City & County of Honolulu

Series 2018A, GO, 4.00%, 9/1/2022		115,000		116,890

Series A, GO, 5.00%, 9/1/2022		100,000		102,139

Series A, GO, 5.00%, 10/1/2022		115,000		117,844

Series B, GO, 5.00%, 10/1/2022		60,000		61,484

Series 2012A, GO, 5.00%, 11/1/2022 (b)		80,000		82,252

Series C, GO, 5.00%, 10/1/2023		40,000		42,461

Series 2012B, GO, 5.00%, 11/1/2023		50,000		51,290

Series 2022A, GO, 5.00%, 11/1/2023 (f)		2,375,000		2,481,715

Series 2012B, GO, 5.00%, 11/1/2024		160,000		164,450

Series 2022A, GO, 5.00%, 11/1/2024 (f)		2,875,000		3,096,030

Series 2012C, GO, 3.00%, 11/1/2025		175,000		176,985

Series 2012B, GO, 5.00%, 11/1/2025		55,000		56,511


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Hawaii — continued

Series 2022A, GO, 5.00%, 11/1/2025 (f)		3,000,000		3,318,190

Series 2022A, GO, 5.00%, 11/1/2026 (f)		3,500,000		3,964,912

City & County of Honolulu, Wastewater System

Rev., 4.00%, 7/1/2022		140,000		141,596

Rev., 4.00%, 7/1/2022 (b)		60,000		60,666

Series 2012B, Rev., 4.00%, 7/1/2022 (b)		45,000		45,499

Rev., 5.00%, 7/1/2022		25,000		25,368

Series B, Rev., 5.00%, 7/1/2022		245,000		248,600

Series B, Rev., 5.00%, 7/1/2023		75,000		78,994

Series B, Rev., 5.00%, 7/1/2024		25,000		27,137

City and County Honolulu

Series 2020C, GO, 4.00%, 7/1/2022		20,000		20,224

Series 2019D, GO, 5.00%, 8/1/2022		290,000		295,214

Series 2018B, GO, 5.00%, 9/1/2022		60,000		61,283

Series 2016B, GO, 5.00%, 10/1/2022		50,000		51,237

Series 2012A, GO, 4.00%, 11/1/2022 (b)		20,000		20,431

Series 2012A, GO, 5.00%, 11/1/2022 (b)		45,000		46,267

Series 2020D, GO, 5.00%, 7/1/2023		75,000		78,963

City and County Honolulu, Wastewater System

Series A, Rev., 5.00%, 7/1/2022 (b)		35,000		35,510

Series A, Rev., 5.00%, 7/1/2022		50,000		50,730

Series B, Rev., 5.00%, 7/1/2023		30,000		31,598

City and County of Honolulu

Series D, GO, 5.00%, 7/1/2022		25,000		25,363

Series 2012B, GO, 5.00%, 11/1/2022		20,000		20,560

Series C, GO, 4.00%, 10/1/2023		20,000		20,918

City and County of Honolulu, Tax-Exempt

Series 2017B, GO, 5.00%, 9/1/2022		85,000		86,818

Series 2016C, GO, 5.00%, 10/1/2022		45,000		46,113

Series 2012A, GO, 5.00%, 11/1/2022 (b)		20,000		20,563

County of Hawaii

Series 2013B, GO, 5.00%, 9/1/2022		95,000		97,061

Series A, GO, 5.00%, 9/1/2022		165,000		168,580

Series B, GO, 5.00%, 9/1/2022		25,000		25,542

Series C, GO, 5.00%, 9/1/2022		25,000		25,542


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Hawaii — continued

Series D, GO, 5.00%, 9/1/2022		20,000		20,434

Series 2013B, GO, 3.00%, 9/1/2023		45,000		45,448

Honolulu City and County Board of Water Supply, Water System

Series 2012A, Rev., 5.00%, 7/1/2022 (b)		280,000		284,077

Series 2012A, Rev., 5.00%, 7/1/2022		105,000		106,539

State of Hawaii

Series FK, GO, 4.00%, 5/1/2022		170,000		170,961

Series EH, GO, 4.00%, 8/1/2022		50,000		50,689

Series EO, GO, 4.00%, 8/1/2022 (b)		20,000		20,279

Series EO, GO, 5.00%, 8/1/2022		25,000		25,447

Series EP, GO, 5.00%, 8/1/2022		60,000		61,074

Series ET, GO, 4.00%, 10/1/2022		40,000		40,753

Series FE, GO, 5.00%, 10/1/2022		75,000		76,846

Series FG, GO, 5.00%, 10/1/2022		30,000		30,739

Series FH, GO, 5.00%, 10/1/2022		115,000		117,831

Series FN, GO, 5.00%, 10/1/2022		45,000		46,108

Series 2012EE, GO, 4.00%, 11/1/2022 (b)		40,000		40,862

Series EE-2017, GO, 5.00%, 11/1/2022 (b)		120,000		123,378

Series EF, GO, 5.00%, 11/1/2022 (b)		80,000		82,252

Series EF, GO, 5.00%, 11/1/2022		80,000		82,230

Series FB, GO, 5.00%, 4/1/2023		35,000		36,532

Series FK, GO, 4.00%, 5/1/2023		20,000		20,706

Series FK, GO, 5.00%, 5/1/2023		30,000		31,405

Series EL, GO, 3.00%, 8/1/2023		50,000		51,389

Series EH, GO, 4.00%, 8/1/2023 (b)		70,000		72,945

Series FG, GO, 4.00%, 10/1/2023		20,000		20,918

Series EZ, GO, 5.00%, 10/1/2023		25,000		26,538

State of Hawaii Department of Budget and Finance, Queens Health System Series 2015A, Rev., 5.00%, 7/1/2022		395,000		400,711

State of Hawaii State Highway Fund Series B, Rev., 5.00%, 1/1/2023		25,000		25,861

State of Hawaii, Department of Hawaiian Home Lands, Kapolei Office Facility Series 2017A, COP, 4.00%, 11/1/2022		25,000		25,535

University of Hawaii Series 2020D, Rev., 5.00%, 10/1/2022		20,000		20,501


Total Hawaii				18,086,823


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Idaho — 0.3%

Ada and Boise Counties Independent School District Boise City

GO, 4.00%, 8/1/2022		175,000		177,461

Series 2012B, GO, 5.00%, 8/1/2022		20,000		20,364

Ada and Canyon Counties Joint School District No. 2 Meridian GO, 5.00%, 8/15/2022 (b)		25,000		25,494

Ada and Canyon Counties Joint School District No. 2 Meridian, Sales Tax Guaranty Program Series 2018A, GO, 5.00%, 9/15/2022		20,000		20,465

Boise State University Series 2015A, Rev., 5.00%, 4/1/2023		35,000		36,420

Boise-Kuna Irrigation District, Hydroelectric Project Rev., 4.00%, 6/1/2022		25,000		25,203

Canyon County School District No. 131 Nampa GO, 5.00%, 8/15/2022		25,000		25,495

Canyon County School District No. 134 Middleton

GO, 5.00%, 9/15/2022		20,000		20,464

GO, 5.00%, 9/15/2023		10,000		10,605

County of Blaine GO, 4.00%, 8/1/2022		20,000		20,274

Idaho Bond Bank Authority

Series 2012D, Rev., 3.00%, 9/15/2022		50,000		50,616

Series 2014C, Rev., 5.00%, 9/15/2022		50,000		51,158

Series A, Rev., 5.00%, 9/15/2022		45,000		46,043

Idaho Health Facilities Authority, St. Luke’s Health System

Series 2012A, Rev., 4.50%, 3/1/2022		25,000		25,000

Series 2012A, Rev., 5.00%, 3/1/2022		30,000		30,000

Idaho Health Facilities Authority, Trinity Health Credit Group Series 2015D, Rev., 5.00%, 12/1/2022		210,000		216,661

Idaho Housing and Finance Association, Federal Highway Trust

Series 2015A, Rev., 5.00%, 7/15/2022		1,925,000		1,955,679

Series 2017A, Rev., 5.00%, 7/15/2022		85,000		86,355

Series 2015A, Rev., 5.00%, 7/15/2023		245,000		258,111

Series 2017A, Rev., 5.00%, 7/15/2023		220,000		231,773


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Idaho — continued

Series 2015A, Rev., 5.00%, 7/15/2024		80,000		86,845

Series A, Rev., 5.00%, 7/15/2025		30,000		33,503

Series A, Rev., 5.00%, 7/15/2026		20,000		22,949

Idaho Housing and Finance Association, Idaho Arts Charter School Series 2012A, Rev., 6.00%, 12/1/2022 (b)		100,000		103,762

Idaho Housing and Finance Association, Single Family Mortgage

Series 2009A, Class I, Rev., VRDO, 0.33%, 3/9/2022 (c)		5,035,000		5,035,000

Series 2019A, Rev., GNMA COLL, 1.60%, 7/1/2022		30,000		30,054

Idaho State Building Authority

Series 2012B, Rev., 4.00%, 9/1/2022 (b)		50,000		50,827

Rev., 5.00%, 9/1/2022 (b)		60,000		61,289

Idaho State Building Authority, Eastern Idaho Technical College Project Rev., 4.00%, 9/1/2022		400,000		406,595

Idaho State Building Authority, Prison Facilities Project Series 2018C, Rev., 5.00%, 9/1/2022		20,000		20,433

State of Idaho GO, TAN, 3.00%, 6/30/2022		195,000		196,482

Twin Falls County School District No. 411 Twin Falls Series C, GO, 5.00%, 9/15/2022		20,000		20,465


Total Idaho				9,401,845


Illinois — 4.3%

Boone Mchenry and Dekalb Counties Community Unit School District 100 Series 2005B, GO, AGM-CR, NATL-RE, Zero Coupon, 12/1/2022		25,000		24,812

Bureau County Township High School District No. 502 Series 2017A, GO, 3.00%, 12/1/2022		50,000		50,726

Central Lake County Joint Action Water Agency

Rev., 4.00%, 5/1/2024		615,000		648,974

Rev., 4.00%, 5/1/2025		725,000		780,021

Rev., 4.00%, 5/1/2026		750,000		821,929

Champaign Coles Et Al Counties Community College District No. 505 Series 2018B, GO, 4.00%, 12/1/2022		100,000		102,337


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Illinois — continued

Champaign County Community Unit School District No. 7 Tolono Series 2014B, GO, 3.45%, 12/1/2022		25,000		25,484

Chicago Midway International Airport, Second Lien

Series 2013B, Rev., 5.00%, 1/1/2023		100,000		103,291

Series 2013B, Rev., 5.00%, 1/1/2025		720,000		742,352

Series 2013B, Rev., 5.00%, 1/1/2026		360,000		370,871

Chicago O’Hare International Airport, General Airport, Senior Lien

Series B, Rev., 5.00%, 1/1/2023		390,000		402,834

Series C, Rev., 5.00%, 1/1/2023		980,000		1,012,249

Series B, Rev., 5.00%, 1/1/2024		160,000		170,625

Series C, Rev., 5.00%, 1/1/2024		75,000		79,981

Series 2013B, Rev., 5.00%, 1/1/2025		430,000		443,713

Series B, Rev., 5.00%, 1/1/2025		185,000		203,063

Series C, Rev., 5.00%, 1/1/2025		85,000		93,299

Series 2020B, Rev., 5.00%, 1/1/2026		40,000		45,051

Series B, Rev., 5.00%, 1/1/2026		845,000		896,616

Series C, Rev., 5.00%, 1/1/2026		50,000		56,314

Chicago O’Hare International Airport, Senior Lien

Rev., 4.13%, 1/1/2023		25,000		25,607

Series 2013B, Rev., 5.00%, 1/1/2023		220,000		227,240

Series D, Rev., 5.00%, 1/1/2023		155,000		160,101

Series E, Rev., 5.00%, 1/1/2025		200,000		219,527

Series E, Rev., 5.00%, 1/1/2026		30,000		33,788

Chicago Transit Authority Capital Grant Receipts Rev., 5.00%, 6/1/2022		1,370,000		1,384,336

City of Aurora Series 2015-C, GO, 3.00%, 12/30/2022		50,000		50,852

City of Batavia GO, 3.00%, 1/1/2023		95,000		96,583

City of Canton GO, 4.00%, 12/15/2022		25,000		25,532

City of Chicago Series 2015C, GO, 5.00%, 1/1/2023 (b)		320,000		330,802

City of Chicago, Wastewater Transmission, Second Lien

Rev., 5.00%, 11/1/2022		95,000		97,603

Rev., 5.00%, 1/1/2023		25,000		25,842

Series B, Rev., 5.00%, 1/1/2023		190,000		196,398


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Illinois — continued

City of Chicago, Waterworks, Second Lien

Rev., 5.00%, 11/1/2022		100,000		102,740

Series 2008C, Rev., 5.00%, 1/1/2023		625,000		646,045

City of Evanston

Series 2017B, GO, 2.00%, 12/1/2022		100,000		100,874

Series 2017A, GO, 4.00%, 12/1/2022		25,000		25,590

GO, 5.00%, 12/1/2022		130,000		134,034

City of Naperville GO, 4.00%, 12/1/2022		25,000		25,581

City of Rochelle

GO, AGM, 2.00%, 5/1/2022		125,000		125,257

GO, AGM, 3.00%, 5/1/2023		100,000		102,011

GO, AGM, 3.00%, 5/1/2024		265,000		272,578

City of Rockford, Sales Tax Alternative Revenue Source Series 2016A, GO, 5.00%, 12/15/2022		25,000		25,789

City of Springfield Rev., 5.00%, 3/1/2022 (b)		50,000		50,000

City of Springfield, Electric System, Senior Lien

Rev., 5.00%, 3/1/2022		280,000		280,000

Rev., 5.00%, 3/1/2023		560,000		581,345

City of Waukegan, First Lien, Water and Sewer System Rev., AGM, 4.00%, 12/30/2022		105,000		107,485

Cook and Du Page Counties High School District No. 210 Lemont Series 2015A, GO, 3.00%, 1/1/2023		25,000		25,448

Cook and Will Counties Community College District No. 515, Limited Community College GO, 5.00%, 12/1/2022		110,000		113,313

Cook and Will Counties School District No. 194 Series B, GO, 5.00%, 12/1/2022		100,000		103,012

Cook County Community College District No. 504 Triton, Alternate Revenue Source GO, 5.00%, 6/1/2022		100,000		101,072

Cook County Community College District No. 504 Triton, Alternative Revenue Source GO, 5.00%, 6/1/2023		195,000		204,149

Cook County Community College District No. 527 Morton GO, 5.00%, 12/15/2022		25,000		25,779


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Illinois — continued

Cook County Community Consolidated School District No. 146 Tinley Park GO, 4.00%, 12/1/2022		20,000		20,477

Cook County Community Consolidated School District No. 15 Palatine GO, 5.00%, 12/1/2022		30,000		30,938

Cook County Community Consolidated School District No. 34 Glenview GO, 5.00%, 12/1/2022		40,000		41,263

Cook County Community Consolidated School District No. 59 Elk Grove, Limited Tax GO, 4.00%, 3/1/2022		60,000		60,000

Cook County Community High School District No. 234, Ridgewood GO, 4.00%, 12/1/2022		80,000		81,906

Cook County Community School District No. 97, Oak Park GO, 4.00%, 1/1/2023		90,000		92,356

Cook County Community Unit School District No. 401 Elmwood Park

Series 2021A, GO, 4.00%, 12/1/2023		205,000		214,668

Series 2021A, GO, 4.00%, 12/1/2024		255,000		272,825

Cook County Community Unit School District No. 401, Elmwood Park GO, 3.00%, 12/1/2022		520,000		528,330

Cook County Forest Preserve District, Limited Tax Series 2021A, GO, 5.00%, 11/15/2022		115,000		118,379

Cook County High School District No. 203 New Trier Township Series 2016B, GO, 3.50%, 12/15/2022		25,000		25,535

Cook County High School District No. 203, Thornton Township, Limited Tax Series 2016A, GO, 5.00%, 12/15/2022		25,000		25,829

Cook County High School District No. 205, Thornton Township, Limited Tax Series 2017C, GO, 5.00%, 12/1/2022		125,000		128,765

Cook County School District No. 109, Indian Springs, Limited Tax GO, 3.00%, 12/1/2022		100,000		101,602

Cook County School District No. 111, Burbank GO, AGM, 4.00%, 12/1/2022		90,000		92,042

Cook County School District No. 122 Ridgeland Series 2012D, GO, 4.00%, 12/1/2022		35,000		35,821


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Illinois — continued

Cook County School District No. 123 Oak Lawn Series A, GO, 4.00%, 12/1/2022		30,000		30,681

Cook County School District No. 123 Oak Lawn, Capital Appreciation

GO, NATL-RE, Zero Coupon, 12/1/2022		100,000		98,953

GO, FGIC, Zero Coupon, 12/1/2022 (b)		20,000		19,858

Cook County School District No. 130 Blue Island, Limited Tax Series 2018C, GO, AGM, 5.00%, 12/1/2022		30,000		30,904

Cook County School District No. 144 Prairie Hills Series 2011C, GO, AGM, Zero Coupon, 12/1/2022		45,000		44,552

Cook County School District No. 159 Matteson-Richton Park GO, AGM, Zero Coupon, 12/1/2022 (b)		90,000		89,329

Cook County School District No. 159, Matteson-Richton Park, Capital Appreciation GO, AGM, Zero Coupon, 12/1/2022		150,000		148,528

Cook County School District No. 23 Prospect Heights GO, 4.00%, 12/15/2022		25,000		25,623

Cook County School District No. 73.5 Skokie, East Prairie GO, 4.00%, 12/1/2022		25,000		25,567

Cook County School District No. 74 Lincolnwood GO, 4.00%, 12/1/2022		45,000		46,086

Cook County School District No. 78 Rosemont GO, AGM, 5.00%, 12/1/2022		200,000		206,023

Cook County School District No. 81 Schiller Park GO, 4.00%, 12/1/2022		105,000		107,406

Cook County School District No. 87 Berkeley Series 2012B, GO, 3.00%, 12/1/2022		50,000		50,812

Cook County School District No. 95-Brookfield GO, 4.00%, 12/1/2022		100,000		102,383

Cook County School District No. 99 Cicero, Limited Tax Series 2019B, GO, 5.00%, 12/1/2022		25,000		25,705

Cook County Township High School District No. 220 Reavis GO, 3.00%, 12/1/2022		100,000		101,451


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Illinois — continued

Cook County Township High School District No. 225, Glenbrook Series 2016A, GO, 5.00%, 12/1/2022		80,000		82,525

County of Cook

Series 2021A, GO, 5.00%, 11/15/2022		245,000		252,059

Series C, GO, 5.00%, 11/15/2022		60,000		61,729

Series 2012C, GO, 5.00%, 11/15/2023		100,000		102,614

Series 2012C, GO, 5.00%, 11/15/2024		110,000		113,051

Series 2012C, GO, 5.00%, 11/15/2025		25,000		25,695

County of Cook, Sales Tax Rev., 2.50%, 11/15/2022		40,000		40,490

County of DeKalb GO, 5.00%, 1/15/2023		245,000		253,227

County of Kendall GO, 5.00%, 12/15/2022		55,000		56,748

County of Lake, Sales Tax GO, 5.00%, 11/30/2022		145,000		149,483

County of Rock Island GO, 3.00%, 12/1/2022		100,000		101,527

County of St. Clair, Highway Series 2013A, Rev., 3.63%, 1/1/2023 (b)		50,000		51,150

County of Will GO, 5.00%, 11/15/2022 (b)		370,000		380,912

County of Winnebago, Public Safety Sales Tax Alternative Revenue Source

Series 2013A, GO, 4.00%, 12/30/2022		60,000		61,515

Series 2013A, GO, 5.00%, 12/30/2023		220,000		226,890

Series 2013A, GO, 5.00%, 12/30/2024		20,000		20,692

DeKalb County Community Unit School District No. 428 DeKalb GO, 4.00%, 1/1/2023		85,000		87,225

Douglas and Champaign Counties Community Unit School District No. 302 Villa Grove, Alternative Revenue Source Series 2019A, GO, AGM, 3.00%, 12/1/2022		50,000		50,763

Du Page and Will Counties Community School District No. 204 Indian Prairie GO, 2.00%, 12/30/2022		300,000		302,992


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Illinois — continued

Du Page Cook and Will Counties Community College District No. 502

GO, 5.00%, 6/1/2022		20,000		20,222

GO, 5.00%, 6/1/2023		85,000		89,260

Du Page County High School District No. 88, Villa Park GO, 4.00%, 1/15/2023		45,000		46,234

Du Page County School District No. 45, Villa Park GO, 5.00%, 1/1/2023		65,000		67,167

DuPage and Cook Counties Community Unit School District No. 205 Elmhurst GO, 5.00%, 1/1/2023		325,000		335,586

DuPage County Community Unit School District No. 200 Wheaton-Warrenville GO, 5.00%, 10/1/2024		150,000		164,037

DuPage County Forest Preserve District GO, 5.00%, 1/1/2023		260,000		268,998

DuPage County School District No. 2 Bensenville GO, 5.00%, 5/1/2025		75,000		83,147

Ford Etc. Counties Community Unit School District No. 10 Paxton-Buckley-Loda, School Building Series 2017A, GO, AGM, 4.00%, 12/1/2022		25,000		25,567

Fox Valley Park District

Series 2015B, GO, 4.00%, 12/15/2022		50,000		51,226

GO, 5.00%, 12/15/2022		45,000		46,456

Godfrey Fire Protection District GO, 3.00%, 12/1/2022		20,000		20,311

Greater Peoria Sanitary and Sewerage Disposal District Series A, GO, 4.00%, 8/15/2023		100,000		103,877

Greene and Scott Counties Community Unit School District No. 3 Series 2017B, GO, 3.00%, 12/1/2022		50,000		50,726

Greene Jersey and Macoupin Counties Community Unit School District No. 9 Southwestern GO, 2.70%, 12/1/2022		50,000		50,652

Grundy Kendall & Will Counties Community Consolidated School District No. 201 Minooka GO, 5.00%, 10/15/2022		60,000		61,557

Grundy Kendall and Will Counties Community Consolidated School District No. 111 Minooka GO, 5.00%, 12/1/2022		60,000		61,752


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Illinois — continued

Grundy Kendall and Will Counties Community Consolidated School District No. 201 Minooka GO, 5.00%, 10/15/2023		50,000		52,884

Grundy Kendall and Will Counties Community Consolidated School District No. 201 Minooka, Capital Appreciation Series 2010B, GO, Zero Coupon, 10/15/2022		135,000		133,995

Highland Park District, Limited Tax

GO, 4.00%, 12/15/2022		25,000		25,629

Rev., 5.00%, 12/15/2022		95,000		98,134

Illinois Finance Authority Rev., 5.00%, 7/1/2022		535,000		542,844

Illinois Finance Authority, Advocate Health and Hospital Corp. Obligated Group

Rev., 5.00%, 5/1/2022		550,000		553,918

Rev., 4.00%, 6/1/2022 (b)		45,000		45,367

Rev., 5.00%, 6/1/2022 (b)		170,000		171,827

Rev., 5.00%, 6/1/2022		320,000		323,520

Rev., 5.00%, 8/1/2022		1,020,000		1,038,425

Series 2013A, Rev., 5.00%, 6/1/2023 (b)		320,000		335,423

Series 2013A, Rev., 5.00%, 6/1/2023		70,000		73,508

Illinois Finance Authority, Ann and Robert H Lurie Children’s Hospital Obligated Group

Rev., 5.00%, 8/15/2022		345,000		351,770

Rev., 5.00%, 8/15/2023		125,000		132,143

Rev., 5.00%, 8/15/2025		255,000		286,177

Illinois Finance Authority, Centegra Health System Series 2014A, Rev., 5.00%, 9/1/2022 (b)		115,000		117,414

Illinois Finance Authority, Clean Water Initiative Revolving Fund

Rev., 5.00%, 7/1/2022		210,000		213,079

Rev., 5.00%, 7/1/2023		505,000		531,756

Illinois Finance Authority, Depaul University

Rev., 5.00%, 10/1/2022		25,000		25,615

Series 2016A, Rev., 5.00%, 10/1/2022		115,000		117,831

Illinois Finance Authority, Downers Grove Community High School

Rev., 4.00%, 12/15/2022		35,000		35,881


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Illinois — continued

Series 2020A, Rev., 4.00%, 12/15/2022		30,000		30,755

Illinois Finance Authority, Loyola University of Chicago

Series 2012B, Rev., 5.00%, 7/1/2022		125,000		126,791

Series 2012B, Rev., 5.00%, 7/1/2026		50,000		50,682

Illinois Finance Authority, Memorial Health System

Rev., 5.00%, 4/1/2022		200,000		200,718

Rev., 5.00%, 4/1/2023		120,000		125,186

Series 2014A, Rev., 5.00%, 7/1/2023		340,000		357,735

Series 2014A, Rev., 5.00%, 7/1/2023 (b)		100,000		105,039

Illinois Finance Authority, Mercy Health System Rev., 5.00%, 12/1/2022		40,000		41,205

Illinois Finance Authority, Northshore University Health System Series 2020A, Rev., 5.00%, 8/15/2022		100,000		101,962

Illinois Finance Authority, Northwest Community Hospital Series 2016A, Rev., 5.00%, 7/1/2022		35,000		35,507

Illinois Finance Authority, Northwestern Memorial Healthcare

Series 2021C, Rev., VRDO, LIQ: Barclays Bank plc, 0.04%, 3/1/2022 (c)		11,000,000		11,000,000

Rev., 5.00%, 7/15/2022		360,000		365,791

Series 2017B, Rev., 5.00%, 12/15/2022 (c)		90,000		92,846

Illinois Finance Authority, OSF Healthcare System

Series 2012A, Rev., 4.25%, 5/15/2022 (b)		435,000		438,208

Series 2012A, Rev., 5.00%, 5/15/2022 (b)		390,000		393,467

Series 2012A, Rev., 5.00%, 5/15/2022		215,000		216,899

Series 2018A, Rev., 5.00%, 5/15/2022		200,000		201,766

Series 2015A, Rev., 5.00%, 11/15/2022		50,000		51,444

Series 2015A, Rev., 5.00%, 11/15/2024		100,000		109,227


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Illinois — continued

Illinois Finance Authority, Presbyterian Homes Series 2016A, Rev., 5.00%, 11/1/2022		60,000		61,494

Illinois Finance Authority, Presence Health Network Series 2016C, Rev., 5.00%, 2/15/2023		225,000		233,575

Illinois Finance Authority, Regency Park at Lincolnwood Series 1991A, Rev., Zero Coupon, 7/15/2023 (b)		45,000		44,220

Illinois Finance Authority, Riverside Health System

Rev., 5.00%, 11/15/2022		115,000		118,338

Rev., 5.00%, 11/15/2023		420,000		438,941

Rev., 5.00%, 11/15/2024		100,000		109,422

Illinois Finance Authority, Rush Medical Center Obligated Group

Series 2015A, Rev., 5.00%, 11/15/2022		555,000		571,189

Series 2015A, Rev., 5.00%, 11/15/2025		25,000		27,688

Illinois Finance Authority, Social Bonds-Learn Chapter School Project

Rev., 4.00%, 11/1/2022		125,000		127,172

Rev., 4.00%, 11/1/2023		135,000		139,873

Illinois Finance Authority, Southern Illinois Healthcare Enterprises, Inc. Series 2017C, Rev., 5.00%, 3/1/2023		140,000		145,621

Illinois Finance Authority, State Clean Water Initiative

Rev., 5.00%, 7/1/2022		40,000		40,586

Rev., 4.00%, 1/1/2023		90,000		92,364

Rev., 5.00%, 1/1/2023		85,000		87,934

Illinois Finance Authority, Swedish American Hospital

Rev., 4.25%, 11/15/2022 (b)		45,000		46,040

Rev., 5.00%, 11/15/2022 (b)		25,000		25,709

Illinois Finance Authority, Swedish Covenant Hospital Series 2016A, Rev., 5.00%, 8/15/2026 (b)		155,000		177,826

Illinois Finance Authority, The University of Chicago

Series 2014A, Rev., 5.00%, 10/1/2022		315,000		322,791

Series 2013A, Rev., 4.00%, 4/1/2023 (b)		30,220,000		31,192,072

Series 2021A, Rev., 5.00%, 10/1/2023		1,400,000		1,485,459


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Illinois — continued

Series 2021A, Rev., 5.00%, 10/1/2025		3,500,000		3,929,186

Illinois Finance Authority, The University of Chicago Medical Center

Series 2012A, Rev., 5.00%, 8/15/2022 (b)		1,025,000		1,044,310

Series A, Rev., 5.00%, 8/15/2022		655,000		667,914

Series 2016B, Rev., 5.00%, 8/15/2023		740,000		782,617

Series A, Rev., 5.00%, 8/15/2023		200,000		211,518

Series 2016A, Rev., 5.00%, 8/15/2024		235,000		255,638

Illinois Finance Authority, Unitypoint Health

Series 2016D, Rev., 5.00%, 2/15/2023		215,000		223,340

Series 2016D, Rev., 5.00%, 2/15/2024		230,000		246,535

Illinois Finance Authority, Western Memorial Healthcare Rev., 5.00%, 8/15/2022 (b)		40,000		40,772

Illinois Health Facilities Authority, Advocate Health and Hospital Corp. Obligated Group Series 2003C, Rev., 1.60%, 11/15/2022		80,000		80,472

Illinois Housing Development Authority

Series 2017B, Rev., GNMA/FNMA/FHLMC, 2.15%, 4/1/2022		25,000		25,028

Series 2019A, Rev., GNMA/FNMA/FHLMC, 2.00%, 4/1/2023		10,000		10,076

Illinois Municipal Electric Agency, Power Supply System

Series 2015A, Rev., 5.00%, 2/1/2023		150,000		155,254

Series 2015A, Rev., 5.00%, 2/1/2024		180,000		192,336

Series 2015A, Rev., 5.00%, 2/1/2026		175,000		195,866

Illinois State Toll Highway Authority

Series 2014A, Rev., 5.00%, 12/1/2022		465,000		479,359

Series 2014D, Rev., 5.00%, 1/1/2023		730,000		754,828

Series 2018A, Rev., 5.00%, 1/1/2023		95,000		98,231

Series D, Rev., 5.00%, 1/1/2024		95,000		101,470


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Illinois — continued

Kane and DeKalb Counties Community Unit School District No. 302 Kaneland GO, NATL-RE, Zero Coupon, 2/1/2023		20,000		19,713

Kane County Community Unit School District No. 101 Batavia GO, 5.00%, 1/1/2023		40,000		41,377

Kane County Forest Preserve District Series 2016C, GO, 5.00%, 12/15/2022		215,000		222,006

Kane County School District No. 131 Aurora East Side Series 2020C, GO, 5.00%, 12/1/2022		160,000		164,819

Kane McHenry Cook and De Kalb Counties Unit School District No. 300

Series 2021A, GO, 4.00%, 1/1/2023		75,000		76,888

GO, 5.00%, 1/1/2023		145,000		149,845

GO, 5.00%, 1/1/2024		480,000		512,418

Kankakee and Will Counties Community Unit School District No. 5, Capital Appreciation GO, AGM, Zero Coupon, 5/1/2023		25,000		24,699

Kankakee and Will Counties Community Unit School District No. 5, Limited Tax GO, 4.00%, 12/1/2022		275,000		281,303

Kankakee County Community High School District No. 307 Bradley-Bourbonnais, Alternative Revenue Source GO, 4.00%, 12/1/2022		100,000		102,224

Kankakee County School District No. 61 Bradley Series 2012B, GO, 4.00%, 10/1/2022		25,000		25,437

Kankakee River Metropolitan Agency, Senior Lien Treatment Facility Rev., AGM, 4.00%, 5/1/2022		30,000		30,166

Kendall County Community Unit School District No. 88 Plano GO, AMBAC, Zero Coupon, 12/1/2022 (b)		20,000		19,866

Kendall County Forest Preserve District GO, AGM, 5.00%, 1/1/2023		130,000		134,366

Kendall Kane and Will Counties Community Unit School District No. 308 Series B, GO, 5.00%, 10/1/2022		200,000		204,710

Lake County Community Consolidated School District No. 3 Beach Park GO, AGM, 4.00%, 2/1/2023		300,000		308,122

Lake County Community Consolidated School District No. 46 Grayslake GO, 5.00%, 11/1/2022		55,000		56,463


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Illinois — continued

Lake County Community High School District No. 115 Lake Forest GO, 4.00%, 11/1/2022		45,000		45,948

Lake County Community Unit School District No. 116 Round Lake GO, 3.00%, 1/15/2023		120,000		122,075

Lake County Community Unit School District No. 95 Lake Zurich GO, 5.00%, 1/15/2023		50,000		51,812

Lake County Consolidated High School District No. 120 Mundelein, Limited Tax GO, 5.00%, 12/1/2022		115,000		118,630

Lake County School District No. 112 North Shore GO, 5.00%, 6/1/2022		40,000		40,442

Lake County School District No. 76-Diamond Lake, School Building GO, 5.00%, 1/1/2023		35,000		36,190

Lake County Township High School District No. 121 Warren Series 2016A, GO, 3.00%, 1/1/2024 (b)		370,000		382,596

Lockport Township Fire Protection District GO, 4.25%, 7/1/2022 (b)		100,000		101,209

Madison and Jersey Counties Unit School District No. 11-Alton, Capital Appreciation GO, AGM, Zero Coupon, 12/1/2022		50,000		49,583

Madison-Macoupin Etc. Counties Community College District No. 536, Lewis and Clark Community

GO, AGM, 4.00%, 5/1/2022		25,000		25,126

GO, 5.00%, 11/1/2022		35,000		35,881

McHenry and Lake Counties Community High School District No. 156 McHenry, School Building GO, 5.00%, 2/1/2023		160,000		165,933

McHenry County Conservation District GO, 5.00%, 2/1/2024		20,000		21,430

McLean and Woodford Counties Community Unit School District No. 5 Normal

Series 2017A, GO, 4.00%, 12/1/2022		390,000		398,554

Series 2017A, GO, 4.00%, 12/1/2023		30,000		31,362

McLean County Community Unit School District No. 3, Tri-Valley GO, 3.00%, 12/1/2022		25,000		25,410


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Illinois — continued

McLean County Public Building Commission Rev., 5.00%, 12/1/2022		155,000		159,644

Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project Series A, Rev., NATL-RE, Zero Coupon, 6/15/2022 (b)		30,000		29,930

Metropolitan Water Reclamation District of Greater Chicago Series 2014D, GO, 5.00%, 12/1/2022		25,000		25,789

Monroe and St. Clair Counties, Community Unit School District No. 5

GO, 5.00%, 4/15/2022		75,000		75,397

GO, 5.00%, 4/15/2023		35,000		36,562

Mundelein Park and Recreation District, Limited Tax GO, 3.00%, 12/15/2022		25,000		25,347

Northern Illinois Municipal Power Agency, Prairie State Project

Series 2016A, Rev., 5.00%, 12/1/2022		750,000		772,244

Series 2016A, Rev., 5.00%, 12/1/2024		430,000		469,898

Peoria Metropolitan Airport Authority

Series 2017D, GO, 5.00%, 12/1/2022		45,000		46,389

Series 2017D, GO, 5.00%, 12/1/2023		75,000		79,964

Peoria Tazewell Etc Counties Community College District No. 514

Series 2014A, GO, 5.00%, 12/1/2022		175,000		180,538

GO, 4.00%, 12/1/2023		95,000		99,768

Piatt and Dewitt Counties Community Unit School District No. 57 Deland-Weldon GO, 3.13%, 12/1/2022		20,000		20,324

Pleasant Dale Park District Series A, GO, 4.00%, 12/15/2022		255,000		260,889

Railsplitter Tobacco Settlement Authority

Rev., 5.00%, 6/1/2022		485,000		489,845

Rev., 5.00%, 6/1/2023		275,000		287,202

Rev., 5.00%, 6/1/2024		525,000		563,425

Regional Transportation Authority

Series 2017A, Rev., 5.00%, 7/1/2022		75,000		76,087

Series 2003A, Rev., NATL-RE, 5.50%, 7/1/2022		200,000		203,228


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Illinois — continued

Series 2014A, Rev., 5.00%, 6/1/2023 (b)		45,000		47,231

Series 2003B, Rev., NATL-RE, 5.50%, 6/1/2023		25,000		26,391

Series 2017A, Rev., 5.00%, 7/1/2023		80,000		84,195

Series 2003A, Rev., NATL-RE, 5.50%, 7/1/2023		50,000		52,944

Series 2017A, Rev., 5.00%, 7/1/2024		25,000		27,125

Rock Island County Community Unit School District No. 40 Moline, Alternative Revenue Source GO, 3.00%, 2/1/2024		20,000		20,352

Sales Tax Securitization Corp. Series 2018C, Rev., 5.00%, 1/1/2023		50,000		51,709

Sangamon County Community Unit School District No. 5 Ball-Chatham Series B, GO, 5.00%, 1/1/2023		50,000		51,701

Sangamon County School District No. 186 Springfield Series 2014B, GO, 5.00%, 2/1/2023 (b)		95,000		98,496

Skokie Park District, Capital Appreciation GO, AMBAC, Zero Coupon, 12/1/2022		40,000		39,613

South Suburban College Community School District No. 510 GO, AGC, Zero Coupon, 12/1/2023		25,000		24,338

Southern Illinois University Series A-1, COP, 5.00%, 2/15/2023		240,000		249,006

Southwestern Illinois Development Authority, Memorial Group Inc. Rev., 7.13%, 11/1/2023 (b)		350,000		383,947

St. Charles Park District, Master Lease Program Series 2017B, GO, 5.00%, 12/15/2022		25,000		25,789

St. Clair County Township High School District No. 203 O’Fallon

GO, 3.00%, 12/1/2022		35,000		35,534

GO, 4.00%, 12/1/2022		50,000		51,192

State of Illinois

GO, 5.00%, 3/1/2022		75,000		75,000

Series 2021A, GO, 5.00%, 3/1/2022		2,985,000		2,985,000

Series 2013A, GO, 5.00%, 4/1/2022		125,000		125,430

GO, 5.00%, 5/1/2022		110,000		110,763

GO, 5.13%, 5/1/2022		150,000		151,071

Series 2018A, GO, 5.25%, 5/1/2022		290,000		292,130

GO, 5.00%, 6/1/2022		745,000		752,726


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Illinois — continued

GO, 5.00%, 7/1/2022		400,000		405,488

GO, AGM, 5.00%, 8/1/2022		95,000		96,659

GO, 5.00%, 8/1/2022		50,000		50,851

Series B, GO, 5.00%, 10/1/2022		35,000		35,819

Series 2017D, GO, 5.00%, 11/1/2022		7,530,000		7,729,367

Series 2019A, GO, 5.00%, 11/1/2022		345,000		354,134

GO, 5.00%, 2/1/2023		25,000		25,886

Series 2021A, GO, 5.00%, 3/1/2023		2,600,000		2,699,696

Series 2013A, GO, 5.00%, 4/1/2023		40,000		41,650

Series D, GO, 5.00%, 11/1/2023		200,000		212,063

GO, 5.00%, 2/1/2024		265,000		282,967

Series 2021A, GO, 5.00%, 3/1/2024		1,035,000		1,107,742

GO, 5.50%, 7/1/2024		75,000		79,235

GO, 5.00%, 8/1/2024		75,000		76,298

Series D, GO, 5.00%, 11/1/2024		55,000		59,931

GO, 5.00%, 3/1/2025		25,000		25,084

Series 2021A, GO, 5.00%, 3/1/2025		20,000		21,949

GO, 5.50%, 7/1/2025		65,000		68,670

GO, 4.00%, 8/1/2025		75,000		75,964

GO, 5.00%, 8/1/2025		105,000		106,805

GO, 5.00%, 2/1/2026		25,000		27,875

GO, 4.00%, 3/1/2026		25,000		25,060

Series B, GO, 5.00%, 10/1/2026		25,000		28,216

Series 2017D, GO, 5.00%, 11/1/2026		75,000		84,773

GO, 5.00%, 2/1/2027		100,000		106,384

State of Illinois, Sales Tax

Series 2021A, Rev., 3.00%, 6/15/2022		30,000		30,190

Series 2016A, Rev., 5.00%, 6/15/2022		75,000		75,903

Series 2016C, Rev., 5.00%, 6/15/2022		990,000		1,001,919

Series 2016D, Rev., 5.00%, 6/15/2023		120,000		125,774

Series 2021C, Rev., 5.00%, 6/15/2025		2,000,000		2,212,089

Series 2021C, Rev., 5.00%, 6/15/2026		2,000,000		2,260,730

Tender Option Bond Trust Receipts/Certificates Series 2017-XF2500, Rev., VRDO, LIQ: Citibank NA, 0.25%, 3/9/2022 (c) (e)		10,220,000		10,220,000

Town of Normal

Series 2016A, GO, 4.00%, 6/1/2022		30,000		30,230


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Illinois — continued

Series 2017A, GO, 4.00%, 6/1/2023		35,000		36,237

Township of Campton GO, 5.00%, 12/15/2022		25,000		25,807

University of Illinois Series C, COP, 5.00%, 3/15/2023		45,000		46,895

University of Illinois, Auxiliary Facilities System

Series 2013A, Rev., 5.00%, 4/1/2022		240,000		240,864

Series 2016A, Rev., 5.00%, 4/1/2022		40,000		40,144

Series 2001A, Rev., AMBAC, 5.50%, 4/1/2022		55,000		55,220

Series 2013A, Rev., 5.00%, 4/1/2024		40,000		41,728

Vermilion and Edgar Counties Community Unit School District No. 4 Series 2016B, GO, AGM, 3.50%, 12/1/2022		200,000		203,720

Village of Antioch

GO, 4.00%, 12/1/2024		195,000		208,249

GO, 4.00%, 12/1/2025		200,000		217,595

GO, 4.00%, 12/1/2026		210,000		232,318

Village of Arlington Heights GO, 3.00%, 12/1/2022		25,000		25,404

Village of Bolingbrook Series 1999A, GO, NATL-RE, 5.25%, 1/1/2023 (b)		30,000		31,095

Village of Bourbonnais, Olivet Nazarene University Project Rev., 5.00%, 5/1/2023 (b)		155,000		162,019

Village of Channahon GO, 4.00%, 12/1/2022 (b)		25,000		25,600

Village of Elk Grove Village

GO, 4.00%, 1/1/2023		30,000		30,770

GO, 5.00%, 1/1/2023		20,000		20,679

Village of Elmwood Park GO, 4.75%, 12/1/2022 (b)		50,000		51,478

Village of Glendale Heights GO, 5.00%, 12/15/2022		155,000		159,988

Village of Hoffman Estates GO, 5.00%, 12/1/2022		40,000		41,241

Village of La Grange GO, 3.00%, 12/1/2022		20,000		20,323

Village of Libertyville Series 2021B, GO, 4.00%, 5/1/2023		100,000		103,316

Village of Lyons Series 2014B, GO, AGM, 4.00%, 12/1/2022		35,000		35,773


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Illinois — continued

Village of Midlothian

GO, AGM, 4.00%, 1/1/2023		15,000		15,341

GO, AGM, 4.00%, 1/1/2024		70,000		73,296

GO, AGM, 4.00%, 1/1/2025		40,000		42,743

Village of Morton Grove GO, 5.00%, 12/15/2022		75,000		77,384

Village of Northbrook Series 2014A, GO, 5.00%, 12/1/2022		215,000		221,705

Village of Oak Park, Corporate Purpose Series 2020B, GO, 5.00%, 1/1/2023		660,000		681,663

Village of Rantoul GO, 4.00%, 1/1/2025		350,000		374,001

Village of Schaumburg

Series 2012A, GO, 4.00%, 12/1/2022		25,000		25,577

Series 2020B, GO, 2.00%, 12/1/2023		325,000		329,133

Village of South Holland Series 2015B, GO, 4.00%, 12/15/2022		195,000		199,022

Village of Villa Park, Sales Tax Series 2018A, GO, 4.00%, 12/15/2022		135,000		138,096

Village of Western Springs GO, 3.00%, 12/1/2022		50,000		50,726

Village of Wheeling GO, 5.00%, 12/1/2022		40,000		41,241

Will & Kendall Counties Community Consolidated School District 202 Plainfield Series 2019B, Rev., 5.00%, 7/1/2022		25,000		25,362

Will & Kendall Counties Community Consolidated School District 202 Plainfield, Limited Tax Series 2019A, Rev., 5.00%, 1/1/2023		120,000		124,132

Will County Community Consolidated School District No. 33-C Homer Glen Rev., 5.00%, 12/1/2022		25,000		25,782

Will County Community High School District No. 210 Lincoln-Way GO, AGM, Zero Coupon, 1/1/2023 (b)		35,000		34,706

Will County Community School District No. 161 Summit Hill GO, 3.00%, 1/1/2023		25,000		25,448

Will County Community Unit School District No. 365-U Valley View GO, AGM, Zero Coupon, 11/1/2022		195,000		193,918

Will County Forest Preserve District GO, 5.00%, 12/15/2022		215,000		222,040


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Illinois — continued

Will County Forest Preserve District, Limited Tax Series 2016A, GO, 2.00%, 12/15/2022		100,000		100,929

Will County School District No. 122, Capital Appreciation GO, AGM, Zero Coupon, 11/1/2022		60,000		59,553

Will County School District No. 88 Chaney-Monge, School Building GO, AGM, 5.00%, 12/1/2023 (b)		135,000		143,984

Will County Township High School District No. 204 Joliet, Limited Tax Series 2013A, GO, 2.75%, 1/1/2023		35,000		35,479

Will Grundy Counties Community College District No. 525 Series 2012A, GO, 4.00%, 12/1/2022 (b)		25,000		25,600

Will Grundy Etc Counties Community College District No. 525

Series 2013A, GO, 5.00%, 6/1/2023		535,000		560,649

Series 2013B, GO, 5.25%, 12/1/2023 (b)		25,000		26,794


Total Illinois				133,735,870


Indiana — 1.3%

Allen County War Memorial Coliseum Additions Building Corp.

Series 2016A, Rev., 4.00%, 11/1/2022		50,000		51,027

Series 2016A, Rev., 4.00%, 11/1/2024		110,000		116,979

Anderson Redevelopment District Series 2018A, Rev., 5.00%, 2/1/2023		175,000		181,081

Anderson School Building Corp., First Mortgage

Rev., 5.00%, 7/20/2022		425,000		432,017

Rev., 5.00%, 1/20/2023		45,000		46,618

Rev., 5.00%, 7/20/2023		20,000		21,080

Avon Community School Building Corp., Ad Valorem Property Tax First Mortgage

Rev., 5.00%, 7/15/2022		160,000		162,568

GO, 2.00%, 1/15/2023		2,275,000		2,294,300

Rev., 5.00%, 1/15/2023		40,000		41,429

Rev., 5.00%, 7/15/2023		20,000		21,070

Rev., 4.00%, 7/15/2024		25,000		26,540

Rev., 5.00%, 7/15/2024		110,000		119,332

Ball State University, Housing & Dining System

Rev., 5.00%, 7/1/2022		125,000		126,833


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Indiana — continued

Rev., 5.00%, 7/1/2024		25,000		26,212

Ball State University, Student Fee Series R, Rev., 5.00%, 7/1/2023		70,000		73,738

Baugo School Building Corp. Rev., 5.00%, 7/15/2022		25,000		25,390

Brownsburg 1999 School Building Corp., Ad Valorem Property Tax First Mortgage

Series 2015B, Rev., 5.00%, 7/15/2022		45,000		45,710

Rev., 4.00%, 7/15/2023		65,000		67,543

Series 2015B, Rev., 5.00%, 7/15/2024		30,000		32,538

Carmel Clay Public Library GO, 3.00%, 1/15/2023		615,000		626,119

Carmel Local Public Improvement Bond Bank

Series 2016, Rev., 5.00%, 7/15/2022		80,000		81,308

Series 2021A, Rev., 4.00%, 7/15/2025		65,000		70,370

Carmel Local Public Improvement Bond Bank, Waterworks

Rev., 5.00%, 6/1/2022		175,000		176,898

Rev., 5.00%, 6/1/2023		225,000		235,787

Carmel Redevelopment Authority, Option Income Tax Lease Rental

Series 2014B, Rev., 5.00%, 7/1/2022		150,000		152,204

Series 2014B, Rev., 5.00%, 1/1/2024		35,000		37,305

Series 2014B, Rev., 5.00%, 7/1/2024		70,000		75,782

City of Auburn Dekalb Indiana Sewage Works Rev., 2.00%, 7/1/2022		100,000		100,444

City of Bedford Rev., 3.50%, 1/1/2023		300,000		306,111

City of Bedford Waterworks Rev., 3.00%, 6/1/2023		200,000		204,423

City of Evansville, Sewage Works Series 2014C, Rev., 3.00%, 7/1/2022 (b)		150,000		151,165

City of Fishers, Local Income Tax Rev., 3.00%, 1/15/2023		65,000		66,209

City of Fort Wayne, Sewage Works

Series 2012B, Rev., 2.00%, 8/1/2022		75,000		75,233

Rev., 3.00%, 8/1/2022		50,000		50,359

Series 2020B, Rev., 4.00%, 8/1/2024		150,000		157,601


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Indiana — continued

City of Indianapolis Department of Public Utilities Gas Utility

Series 2020A, Rev., 5.00%, 8/15/2022		595,000		606,730

Series 2020A, Rev., 5.00%, 8/15/2023		840,000		888,376

City of Indianapolis, Energy System, First Lien

Series 2016A, Rev., 5.00%, 10/1/2022		360,000		368,690

Series 2016A, Rev., 5.00%, 10/1/2023		65,000		68,894

City of Knox, Sewage Works Rev., 4.00%, 12/1/2022		65,000		66,313

City of La Porte, Sewage Works Rev., 3.00%, 3/1/2023		40,000		40,782

City of Lafayette, Sewage Works

Rev., 5.00%, 7/1/2022		45,000		45,641

Rev., 5.00%, 1/1/2023		80,000		82,721

City of Martinsville, Waterworks Rev., AGM, 3.00%, 7/1/2022		25,000		25,167

City of Rockport, AEP Generating Co. Project Series A, Rev., 1.35%, 9/1/2022 (c)		50,000		50,140

Clark Pleasant Middle School Corp., Ad Valorem Property Tax First Mortgage Rev., 4.00%, 1/15/2025		35,000		37,306

Clark-Pleasant School Building Corp., First Mortgage Rev., 5.00%, 7/15/2022		35,000		35,553

Clarksville Redevelopment Authority Rev., 4.00%, 8/1/2023		125,000		129,685

Clay Multi School Building Corp. Rev., 5.00%, 1/15/2023		210,000		217,332

Columbus Multi-High School Building Corp., Unlimited Ad Valorem Property Tax Rev., 5.00%, 7/15/2022		75,000		76,207

Concord Community Schools Building Corp., First Mortgage Rev., 5.00%, 7/15/2023		25,000		26,345

County of Elkhart GO, 4.00%, 6/1/2022		25,000		25,210

County of Johnson, Local Income Tax Series 2020A, Rev., 4.00%, 7/15/2023		25,000		25,995

County of Lake

GO, AGM, 2.00%, 7/15/2022		25,000		25,132

Series 2014B, GO, 2.60%, 7/15/2022		50,000		50,357


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Indiana — continued

County of Porter GO, 2.00%, 1/15/2023		20,000		20,182

Danville Multi-School Building Corp., Ad Valorem Property Tax First Mortgage Rev., 5.00%, 7/15/2022		50,000		50,797

Decatur Township Multi-School Building Corp., Ad Valorem Property Tax First Mortgage Rev., 4.00%, 1/15/2023		20,000		20,520

East Allen Multi School Building Corp., Indiana Ad Valorem Property Tax, First Mortgage

Rev., 4.00%, 7/15/2022		25,000		25,302

Rev., 4.00%, 7/15/2023		10,000		10,386

Rev., 4.00%, 1/15/2024		40,000		41,952

East Porter County School Building Corp., First Mortgage

Rev., 4.00%, 7/15/2022		75,000		75,936

Rev., 3.00%, 1/15/2023		35,000		35,648

East Porter County School Corp. GO, 2.00%, 1/15/2023		30,000		30,296

Evansville Local Public Improvement Bond Bank (The), Sewer Works Project Series 2013A, Rev., 5.00%, 1/1/2024 (b)		125,000		133,591

Evansville Waterworks District Rev., AGM, 2.00%, 1/1/2023		125,000		126,093

Fishers Industrial Redevelopment District, Income Tax

Rev., 4.00%, 1/15/2024		25,000		26,173

Rev., 4.00%, 7/15/2024		35,000		37,004

Fishers Redevelopment Authority, State Road 37 Project Rev., 4.00%, 7/15/2022		25,000		25,304

Fishers Redevelopment District Series 2017A1, Rev., 4.00%, 7/15/2022		50,000		50,609

Fishers Town Hall Building Corp., Amphitheater Project Rev., 4.00%, 7/15/2022		100,000		101,192

Fort Wayne Community School Building Corp., Indiana Unlimited Ad Valorem Property Tax, First Mortgage Series 2017B, Rev., 5.00%, 1/15/2023		70,000		72,494

Fort Wayne Redevelopment Authority Series 2014A, Rev., 3.00%, 8/1/2024		50,000		50,827

Franklin Township School Building Corp., First Mortgage Rev., 4.00%, 1/15/2023		50,000		51,349


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Indiana — continued

Franklin Township-Marion County Multiple School Building Corp., Ad Valorem Property Tax First Mortgage

Series 2015B, Rev., 5.00%, 7/15/2022		160,000		162,562

Rev., 4.00%, 1/15/2023		60,000		61,619

GCS School Building Corp. One, Unlimited Ad Valorem Property Tax First Mortgage

Rev., 4.00%, 7/15/2022		75,000		75,911

Rev., 5.00%, 7/15/2022		25,000		25,396

Rev., 4.00%, 1/15/2023		75,000		76,977

Rev., 5.00%, 1/15/2026		45,000		50,752

Greene County Hospital Association Series 2021A, Rev., 3.00%, 8/1/2022		50,000		50,451

Greenfield Middle School Building Corp., Ad Valorem Property Tax First Mortgage

Rev., 4.00%, 7/15/2022		60,000		60,740

Rev., 5.00%, 7/15/2023		30,000		31,614

Hamilton County Public Building Corp., First Mortgage Rev., 5.00%, 2/1/2023		75,000		76,281

Hamilton Southeastern Consolidated School Building Corp., Ad Valorem Property Tax First Mortgage

Rev., 5.00%, 7/15/2022		25,000		25,400

Series 2014A, Rev., 5.00%, 7/15/2022		25,000		25,400

Series B, Rev., 5.00%, 7/15/2022		35,000		35,561

Rev., 4.00%, 1/15/2024		25,000		26,277

Hammond Multi-School Building Corp., Ad Valorem Property Tax First Mortgage

Rev., 5.00%, 7/15/2024		100,000		106,720

Rev., 5.00%, 1/15/2025		100,000		109,705

Highland Sanitation District Series 2016B, 2.00%, 8/1/2022		50,000		50,243

Hobart Building Corp., Ad Valorem Property Tax First Mortgage

Rev., 5.00%, 7/15/2022		20,000		20,312

Rev., 5.00%, 1/15/2023		60,000		62,073

Rev., 5.00%, 7/15/2023		70,000		73,697

Indiana Bond Bank, Special Program, Columbus Learning Center Project Series 2012C, Rev., 5.00%, 8/1/2023		200,000		203,273


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Indiana — continued

Indiana Finance Authority

Series 2017A, Rev., 5.00%, 6/1/2022 (b)		75,000		75,815

Series 2012M, Rev., 4.00%, 7/1/2022 (b)		20,000		20,225

Series 2012A, Rev., 5.00%, 7/1/2022 (b)		200,000		202,912

Series 2012C, Rev., 5.00%, 7/1/2022 (b)		310,000		314,514

Series 2012M, Rev., 5.00%, 7/1/2022 (b)		260,000		263,786

Series 2010A, Rev., 5.00%, 12/1/2022		130,000		134,064

Series 2016C, Rev., 5.00%, 12/1/2022		75,000		77,345

Series 2015A, Rev., 5.00%, 2/1/2023		50,000		51,896

Series 2017A, Rev., 5.00%, 6/1/2023 (b)		115,000		120,690

Series 2016C, Rev., 5.00%, 12/1/2023		175,000		186,740

Indiana Finance Authority, Beacon Health System Obligation Group

Series 2013A, Rev., 5.00%, 8/15/2022		395,000		402,733

Series 2013A, Rev., 5.00%, 8/15/2023		250,000		264,285

Series 2013A, Rev., 5.00%, 8/15/2023 (b)		245,000		258,933

Indiana Finance Authority, Butler University Project Series 2014A, Rev., 5.00%, 2/1/2023		100,000		103,708

Indiana Finance Authority, Community Foundation of Northwest Indiana Obligated Group

Rev., 5.00%, 3/1/2022 (b)		160,000		160,000

Rev., 5.00%, 9/1/2022		100,000		102,139

Rev., 5.00%, 3/1/2023		25,000		26,017

Rev., 5.00%, 9/1/2023		230,000		243,499

Indiana Finance Authority, Community Health Network Project

Series 2012A, Rev., 3.00%, 5/1/2022		45,000		45,179

Series 2012A, Rev., 5.00%, 5/1/2022		600,000		604,351

Series 2012A, Rev., 5.00%, 5/1/2023		655,000		685,366


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Indiana — continued

Indiana Finance Authority, Deaconess Health System

Series 2013A, Rev., 5.00%, 3/1/2023		25,000		26,004

Series 2013A, Rev., 5.00%, 3/1/2023 (b)		25,000		26,009

Indiana Finance Authority, Educational Facilities Series 2013B, Rev., 5.00%, 2/1/2023		50,000		51,854

Indiana Finance Authority, First Lien, CWA Authority Project

Series 2014A, Rev., 5.00%, 10/1/2022		205,000		210,082

Series 2016A, Rev., 5.00%, 10/1/2022		50,000		51,240

Series 2021-1, Rev., 5.00%, 10/1/2022		90,000		92,231

Series 2021-1, Rev., 5.00%, 10/1/2023		10,000		10,617

Series 2012A, Rev., 5.00%, 10/1/2024		250,000		256,094

Indiana Finance Authority, Franciscan Alliance, Inc., Obligated Group

Rev., 5.00%, 11/1/2022		170,000		174,763

Series 2017C, Rev., 5.00%, 11/1/2022		50,000		51,411

Rev., 5.00%, 11/1/2023		160,000		170,375

Series 2017B, Rev., 5.00%, 11/1/2023		400,000		425,937

Series 2016B, Rev., 5.00%, 11/1/2024		345,000		378,323

Indiana Finance Authority, Goshen Health Series B, Rev., 2.10%, 11/1/2026 (c)		35,000		35,364

Indiana Finance Authority, Indiana University Health Obligated Group

Rev., 5.00%, 12/1/2022		600,000		618,987

Series 2014A, Rev., 5.00%, 12/1/2022		195,000		201,171

Series 2016A, Rev., 5.00%, 12/1/2022		500,000		515,822

Rev., 5.00%, 12/1/2024		75,000		82,406

Series B, Rev., 2.25%, 7/1/2025 (c)		150,000		154,151

Indiana Finance Authority, Lease Appropriation, Convention Center Expansion Project Series 2019B, Rev., 5.00%, 2/1/2025		90,000		99,317


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Indiana — continued

Indiana Finance Authority, National Collegiate Athletic Association Project Rev., 5.00%, 5/1/2022		75,000		75,556

Indiana Finance Authority, Parkview Health System, Inc.

Series 2012A, Rev., 5.00%, 5/1/2022		25,000		25,182

Series 2017A, Rev., 5.00%, 11/1/2022		420,000		431,881

Series 2012A, Rev., 4.00%, 5/1/2023		185,000		185,934

Series 2017A, Rev., 5.00%, 11/1/2023		285,000		303,529

Series 2012A, Rev., 5.00%, 5/1/2024		100,000		100,728

Series 2017A, Rev., 5.00%, 11/1/2024		55,000		60,161

Indiana Finance Authority, State Parking Project Series 2012I, Rev., 5.00%, 7/1/2022 (b)		20,000		20,291

Indiana Finance Authority, State Revolving Fund Program

Rev., 5.00%, 2/1/2023		50,000		51,896

Series 2012C, Rev., 5.00%, 2/1/2023		70,000		72,655

Series 2015B, Rev., 5.00%, 2/1/2023		45,000		46,707

Series 2017C, Rev., 5.00%, 2/1/2023		25,000		25,948

Series 2019E, Rev., 5.00%, 2/1/2023		100,000		103,792

Series 2012C, Rev., 5.00%, 2/1/2025		25,000		25,929

Indiana Health Facility Financing Authority, Ascension Health Credit Group Rev., 4.00%, 10/1/2025		30,000		32,713

Indiana Municipal Power Agency, Power Supply System

Series 2014A, Rev., 5.00%, 1/1/2023		515,000		532,822

Series 2016C, Rev., 5.00%, 1/1/2023		65,000		67,249

Series 2017A, Rev., 5.00%, 1/1/2023		800,000		827,685

Series 2019A, Rev., 5.00%, 1/1/2023		350,000		362,112

Series 2013A, Rev., 5.00%, 7/1/2023 (b)		100,000		105,244


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Indiana — continued

Series 2013A, Rev., 5.25%, 7/1/2023 (b)		125,000		131,966

Series 2014A, Rev., 5.00%, 1/1/2024		270,000		288,286

Indiana State University Housing and Dining System

Rev., 4.00%, 4/1/2022		65,000		65,181

Rev., 5.00%, 4/1/2023		50,000		52,161

Indiana State University, Housing and Dining System Rev., 5.00%, 4/1/2022		150,000		150,539

Indiana State University, Student Fee Series R, Rev., 5.00%, 10/1/2022		150,000		153,665

Indiana Transportation Finance Authority Series 2004B, Rev., NATL-RE, 5.75%, 12/1/2022		160,000		165,968

Indiana University

Series 2012A, Rev., 5.00%, 6/1/2022 (b)		155,000		156,705

Series 2012A, Rev., 5.00%, 6/1/2022		20,000		20,222

Series 2014A, Rev., 5.00%, 6/1/2022		25,000		25,278

Series 2015A, Rev., 5.00%, 6/1/2022		25,000		25,277

Series A, Rev., 5.00%, 6/1/2022		60,000		60,666

Series 2015A, Rev., 5.00%, 6/1/2023		70,000		73,508

Indiana University, Lease Purchase Series 2020A, Rev., 5.00%, 6/1/2022		30,000		30,333

Indiana University, Student Fee

Series Z-1, Rev., 3.00%, 8/1/2022		105,000		106,048

Series U, Rev., 3.20%, 8/1/2022		200,000		200,420

Series X, Rev., 4.00%, 8/1/2022		60,000		60,846

Series W-2, Rev., 5.00%, 8/1/2022		195,000		198,555

Series W-2, Rev., 5.00%, 8/1/2023		10,000		10,561

Series X, Rev., 5.00%, 8/1/2023		30,000		31,683

Indianapolis Local Public Improvement Bond Bank

Series 2021A, Rev., 5.00%, 6/1/2022		275,000		277,948

Series 2019E, Rev., 5.00%, 1/1/2023		30,000		31,048

Series 2016B, Rev., 4.00%, 2/1/2023		25,000		25,714

Series 2021A, Rev., 5.00%, 6/1/2023		1,300,000		1,363,323


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Indiana — continued

Indianapolis Local Public Improvement Bond Bank, Capital Appreciation Series 1999E, Rev., AMBAC, Zero Coupon, 2/1/2023		25,000		24,779

Indianapolis Local Public Improvement Bond Bank, Courthouse and Jail Project Series 2019A, Rev., 5.00%, 2/1/2023		115,000		119,329

Indianapolis Local Public Improvement Bond Bank, Indianapolis Airport Authority Series 2019I-2, Rev., 5.00%, 1/1/2023		25,000		25,829

Indianapolis Local Public Improvement Bond Bank, Pilot Infrastructure Project Series 2017C, Rev., 5.00%, 1/1/2023		35,000		36,208

Indianapolis Local Public Improvement Bond Bank, Stormwater Project

Series 2013D, Rev., 5.00%, 1/1/2023		20,000		20,699

Series 2013D, Rev., 3.25%, 1/1/2025		100,000		101,358

Indianapolis Local Public Improvement Bond Bank, Waterworks Project

Series 2007B, Rev., NATL-RE, 5.25%, 7/1/2022		350,000		355,373

Series 2007B, Rev., NATL-RE, 5.25%, 1/1/2023		50,000		51,829

Indianapolis-Marion County Public Library GO, 5.00%, 1/1/2023		60,000		60,198

IPS Multi-School Building Corp., Indiana Unlimited Ad Valorem Property Tax, First Mortgage Rev., 3.00%, 7/15/2022		220,000		221,886

Ivy Tech Community College of Indiana, Student Fee

Series R-1, Rev., 5.00%, 7/1/2022		40,000		40,584

Series T, Rev., 5.00%, 7/1/2022		80,000		81,167

Series V, Rev., 5.00%, 7/1/2022		110,000		111,605

Series W, Rev., 5.00%, 7/1/2022		570,000		578,319

Series 2004J, Rev., AMBAC, 5.00%, 7/1/2023		75,000		78,994

Series R-1, Rev., 5.00%, 7/1/2023		35,000		36,864

Series T, Rev., 5.00%, 7/1/2024		100,000		108,500

Series W, Rev., 5.00%, 7/1/2025		25,000		27,932

Jackson County Building Corp.

Rev., 2.00%, 1/15/2023		120,000		121,091

Rev., 2.00%, 7/15/2023		125,000		126,520

Rev., 2.00%, 1/15/2024		125,000		126,154


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Indiana — continued

Rev., 2.00%, 7/15/2024		125,000		126,246

Rev., 2.00%, 1/15/2025		125,000		126,328

Jasper Hospital Authority, Memorial Health and Health Center Project Rev., 5.00%, 11/1/2022		125,000		128,375

Jennings County School Building Corp., First Mortgage Series 2019A, Rev., 2.00%, 1/15/2023		60,000		60,519

Lake Central Multi-District School Building Corp., First Mortgage Series 2012B, Rev., 5.00%, 1/15/2023 (b)		435,000		450,679

LaPorte Multi School Building Corp., Ad Valorem Property Tax, First Mortgage

Series 2017A, Rev., 2.00%, 1/15/2023		25,000		25,229

Rev., 5.00%, 7/15/2023		90,000		94,766

Lebanon Middle School Building Corp., Ad Valorem Property Tax, First Mortgage Series 2017B, Rev., 5.00%, 7/10/2022		60,000		60,902

Lewis Cass Schools GO, 3.00%, 6/30/2022		100,000		100,757

Lincoln Center Building Corp., Ad Valorem Property Tax, First Mortgage Rev., 4.00%, 8/1/2022		285,000		288,709

Merrillville Community School Corp.

GO, 2.00%, 7/15/2023		1,025,000		1,034,662

GO, 2.00%, 1/15/2024		1,040,000		1,049,791

Merrillville Multi School Building Corp., Ad Valorem Property Tax, First Mortgage Rev., 5.00%, 7/15/2023		40,000		42,124

Metropolitan School District of Wabash County Multi-School Building Corp., First Mortgage, Ad Valorem Property Tax Rev., 3.40%, 7/15/2022		25,000		25,053

Metropolitan School District of Wash Township School Building Corp., First Mortgage, Unlimited Property Tax Rev., 5.00%, 7/15/2022		120,000		121,921

Metropolitan School District of Washington Township

GO, 3.00%, 7/15/2022		50,000		50,440

GO, 3.00%, 1/15/2023		60,000		61,111

Michigan City School Building Corp., Ad Valorem Property Tax First Mortgage

Series 2016A, Rev., 5.00%, 7/15/2022		20,000		20,311


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Indiana — continued

Series 2016B, Rev., 4.00%, 7/15/2023		30,000		31,157

Middlebury Schools Building Corp., Ad Valorem Property Tax, First Mortgage Rev., 5.00%, 7/15/2022		35,000		35,553

Mishawaka School Building Corp. Rev., 3.00%, 7/15/2022		25,000		25,205

Mooresville Redevelopment District, Tax Increment Rev., 4.00%, 1/15/2023 (b)		25,000		25,667

Mt. Vernon School Building Corp., First Mortgage, Ad Valorem Property Tax Series 2016B, Rev., 5.00%, 1/15/2025		100,000		110,032

New Albany-Floyd County School Building Corp., First Mortgage Rev., 5.00%, 1/15/2023		70,000		72,444

New Palestine Multi-School Building Corp., First Mortgage, Ad Valorem Property Tax

Rev., 4.00%, 7/15/2022		25,000		25,312

Rev., 4.00%, 1/15/2023		45,000		46,222

New Prairie United School District Building Corp., First Mortgage Rev., 4.00%, 1/15/2025		35,000		37,469

Noblesville Multi School Building Corp., First Mortgage Series 2018B, Rev., 4.00%, 7/15/2022		230,000		232,758

North Adams Community Schools Renovation Building Corp., First Mortgage, Ad Valorem Property Tax

Rev., 5.00%, 1/15/2023		20,000		20,691

Rev., 5.00%, 7/15/2023		35,000		36,834

North Vermillion School Building Corp., Ad Valorem Property Tax, First Mortgage Rev., 4.00%, 7/15/2022		55,000		55,668

North West Hendricks Multi-Building Corp., First Mortgage

Series 2016A, Rev., 5.00%, 7/15/2022		50,000		50,816

Series 2016A, Rev., 4.00%, 1/15/2023		25,000		25,674

Northern Indiana Commuter Transportation District Rev., 5.00%, 7/1/2022		60,000		60,813

Northwest Allen Multi-School Building Corp., First Mortgage, Unlimited Ad Valorem Property Tax Rev., 4.00%, 7/15/2022		20,000		20,250


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Indiana — continued

Northwestern School Building Corp., Ad Valorem Property Tax, First Mortgage Rev., 5.00%, 7/15/2022		35,000		35,551

Perry Township Multi School Building Corp., Ad Valorem Property Tax First Mortgage Rev., 4.00%, 7/15/2022		25,000		25,309

Pike Township Multi-School Building Corp., First Mortgage

Rev., 5.00%, 7/15/2022		85,000		86,361

Rev., 5.00%, 1/15/2024		320,000		342,241

Rev., 5.00%, 7/15/2024		350,000		379,949

Rev., 5.00%, 1/15/2025		335,000		369,105

Plainfield High School Building Corp., Ad Valorem Property Tax, First Mortgage

Rev., 5.00%, 7/15/2022		20,000		20,323

Rev., 5.00%, 1/15/2023		40,000		41,436

Series 2019A, Rev., 5.00%, 7/15/2023		35,000		36,898

Portage Township Multi-School Building Corp., Ad Valorem Property Tax First Mortgage Rev., 2.00%, 1/15/2023		60,000		60,582

Purdue University

COP, 5.25%, 7/1/2022		85,000		86,319

Series 2016CC, Rev., 5.00%, 7/1/2023		40,000		42,136

Series EE, Rev., 5.00%, 7/1/2023		20,000		21,068

COP, 5.25%, 7/1/2023		50,000		52,834

Purdue University, Student Facilities System Series 2015A, Rev., 5.00%, 7/1/2022		50,000		50,735

Purdue University, Student Fee Series AA, Rev., 5.00%, 7/1/2022		90,000		91,323

South Bend Community School Building Corp., First Mortgage

Rev., 4.00%, 7/15/2022		30,000		30,374

Rev., 4.00%, 1/15/2023		30,000		30,820

Rev., 5.00%, 1/15/2023		75,000		77,699

Rev., 5.00%, 7/15/2023		90,000		94,867

South Bend Redevelopment Authority, Eddy Street Commons Project Rev., 5.00%, 2/15/2023		100,000		103,704

South Bend Redevelopment District Rev., 3.00%, 8/1/2022		20,000		20,191

South Gibson School Building Corp., First Mortgage Rev., 4.00%, 1/10/2025		40,000		42,880


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Indiana — continued

South Madison Middle School Building Corp., First Mortgage Rev., 5.00%, 7/15/2022		25,000		25,395

South Vermillion Middle School Building Corp., First Mortgage Series 2016A, Rev., 3.00%, 1/15/2024		50,000		51,520

Southeast Dubois County School Building Corp., First Mortgage Series 2012A, Rev., 3.00%, 7/15/2022		320,000		322,624

Southmont School Building Corp., Ad Valorem Property Tax, First Mortgage

Rev., 4.00%, 7/15/2022		45,000		45,568

Rev., 5.00%, 1/15/2023		75,000		77,712

Rev., 5.00%, 1/15/2025		20,000		22,018

Tell City-Troy Township Elementary School Building Corp., First Mortgage Refunding and Improvement Rev., 5.00%, 1/15/2023		50,000		51,728

Terre Haute Sanitary District Rev., 3.00%, 7/1/2022		155,000		156,106

Town of Plainfield, Sewage Works Series 2020B, Rev., 2.00%, 1/1/2023		330,000		332,503

Tri-Creek 2002 High School Building Corp., First Mortgage Rev., 5.00%, 7/15/2022		55,000		55,870

Twin Lakes Regional Sewer District Rev., AGM, 3.00%, 7/1/2023 (b)		25,000		25,642

Twin Lakes School Building Corp., First Mortgage Rev., 4.00%, 7/15/2024		35,000		37,055

University of Southern Indiana Foundation Series N, Rev., 4.00%, 10/1/2022		145,000		147,628

Valparaiso Middle School Building Corp., AD Valorem Property Tax First Mortgage Series 2012A, Rev., 3.00%, 7/15/2022		55,000		55,104

Valparaiso Multi-Schools Building Corp., Unlimited AD Valorem Property Tax First Mortgage Rev., 5.00%, 7/15/2022		55,000		55,881

Vigo County Building Corp. Rev., 4.00%, 7/15/2022		50,000		50,605

Wa-Nee Community Schools GO, 3.00%, 1/15/2023		125,000		127,238

Warsaw Multi-School Building Corp., First Mortgage

Rev., 4.00%, 7/15/2022		100,000		101,210


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Indiana — continued

Rev., 5.00%, 7/15/2022		45,000		45,710

Rev., 5.00%, 1/15/2023		85,000		87,968

Washington Township Building Corp., Indiana Lease Rental Bonds Rev., 4.00%, 7/15/2024		100,000		105,871

Wayne Township School Building Corp. Rev., 4.00%, 7/15/2022		400,000		404,917

Wayne Township School Building Corp., Ad Valorem Property Tax First Mortgage Rev., 5.00%, 7/15/2022		30,000		30,479

West Clark 2000 School Building Corp., First Mortgage

Rev., 4.00%, 1/15/2023		45,000		46,198

Rev., 5.00%, 1/15/2023		25,000		25,882

West Lafayette Redevelopment Authority, Recreation Center Project

Rev., 4.00%, 2/1/2023		150,000		154,034

Rev., 4.00%, 8/1/2023		150,000		155,729

West Lafayette School Building Corp., Ad Valorem Property Tax, First Mortgage

Rev., 5.00%, 7/15/2022		80,000		81,293

Rev., 5.00%, 7/15/2023		85,000		89,573

Whitestown Redevelopment Authority Rev., 3.00%, 1/15/2024		25,000		25,718

Winfield Building Corp., Indiana Lease Rental, Sewage Works Treatment Plant Project

Rev., 4.00%, 7/15/2022		35,000		35,410

Rev., 4.00%, 1/15/2023		130,000		133,313

Rev., 4.00%, 7/15/2023		85,000		88,219

Rev., 4.00%, 1/15/2024		85,000		89,148

Rev., 4.00%, 7/15/2024		35,000		37,097

Rev., 4.00%, 1/15/2025		145,000		155,272

Rev., 4.00%, 7/15/2025		145,000		156,830

Rev., 4.00%, 1/15/2026		150,000		163,801

Zionsville Community Schools Building Corp., First Mortgage Series 2014B, Rev., 4.00%, 7/15/2022		25,000		25,308

Zionsville Community Schools Building Corp., First Mortgage, Capital Appreciation Series 2003Z, Rev., NATL-RE, Zero Coupon, 1/15/2025		25,000		23,856


Total Indiana				40,190,232


Iowa — 0.5%

Ames Community School District GO, 5.00%, 6/1/2023		25,000		26,247


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Iowa — continued

Ankeny Community School District

Series 2015A, GO, 4.00%, 6/1/2022		245,000		247,090

Series 2021A, GO, 5.00%, 6/1/2022		115,000		116,265

Series 2015A, GO, 5.00%, 6/1/2023		20,000		21,000

Series 2021A, GO, 5.00%, 6/1/2023		130,000		136,499

Cedar Rapids Community School District, Infrastructure Sales Services Series 2020B, Rev., 5.00%, 7/1/2022		20,000		20,287

City of Ankeny

Series 2017A, GO, 5.00%, 6/1/2022		90,000		90,999

Series 2020A, GO, 5.00%, 6/1/2022		45,000		45,499

Series 2018A, GO, 5.00%, 6/1/2023		185,000		194,367

City of Ankeny, Capital Loan Series 2014G, GO, 5.00%, 6/1/2022		20,000		20,222

City of Bettendorf

Series 2013A, GO, 4.00%, 6/1/2022		50,000		50,414

Series 2017D, GO, 5.00%, 6/1/2022		90,000		90,967

Series 2013A, GO, 4.00%, 6/1/2023		50,000		51,799

City of Cedar Falls Rev., 5.00%, 12/1/2023		100,000		106,600

City of Cedar Rapids

Series 2017A, GO, 5.00%, 6/1/2022		185,000		187,058

Series 2018D, Rev., 5.00%, 6/1/2023		30,000		31,500

City of Cedar Rapids, Sewer Series 2018C, Rev., 5.00%, 6/1/2022		85,000		85,935

City of Des Moines

Series 2016B, GO, 5.00%, 6/1/2022		115,000		116,271

Series 2020D, GO, 5.00%, 6/1/2022		35,000		35,387

Series 2016B, GO, 4.00%, 6/1/2023		25,000		25,947

Series 2020D, GO, 5.00%, 6/1/2024		50,000		54,214

City of Des Moines, Capital Loan Notes

Series 2014E, GO, 5.00%, 6/1/2022		85,000		85,939

Series 2018A, GO, 5.00%, 6/1/2022		170,000		171,879

City of Des Moines, Stormwater Utility Series 2016C, Rev., 5.00%, 6/1/2022		25,000		25,276

City of North Liberty, Urban Renewal Series 2017B, GO, 2.00%, 6/1/2022		50,000		50,179

City of Sioux City

Series 2014A, GO, 5.00%, 6/1/2022		30,000		30,327

Series 2014A, GO, 5.00%, 6/1/2023		25,000		26,227

City of Storm Lake, Capital Loan Series 2018A, GO, 3.00%, 6/1/2022		20,000		20,119


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Iowa — continued

City of Urbandale, Urban Renewal Series 2019B, GO, 4.00%, 6/1/2022		100,000		100,863

City of Waukee Series 2021A, GO, 5.00%, 6/1/2022		60,000		60,655

City of West Des Moines

Series 2016A, GO, 3.00%, 6/1/2022		50,000		50,307

Series 2017E, GO, 5.00%, 6/1/2022		80,000		80,886

City of West Des Moines, Urban Renewal

Series 2016D, GO, 4.00%, 6/1/2022		55,000		55,473

Series 2017C, GO, 5.00%, 6/1/2022		85,000		85,941

Series 2017D, GO, 5.00%, 6/1/2023		55,000		57,771

College Community School District Series 2021A, GO, 2.00%, 6/1/2022		130,000		130,455

County of Adair, Capital Loan Series A, GO, 2.50%, 6/1/2022		50,000		50,228

County of Hamilton Series 2020A, GO, 2.00%, 6/1/2022		50,000		50,169

County of Mahaska, Sales Tax Series 2017A, GO, 2.00%, 6/1/2022		300,000		300,864

County of Polk Series 2017C, GO, 5.00%, 6/1/2023		45,000		47,273

County of Scott, Solid Waste Disposal Series 2015A, GO, 4.00%, 6/1/2023		25,000		25,842

Des Moines Independent Community School District, Sales Services and Use Tax Rev., 5.00%, 6/1/2022		30,000		30,328

GMG Community School District GO, 4.00%, 6/1/2023		40,000		41,353

Iowa Central Community College GO, 4.00%, 6/1/2023		95,000		98,502

Iowa City Community School District

Rev., 5.00%, 6/1/2022		540,000		545,789

GO, 5.00%, 6/1/2022		190,000		192,104

Iowa Finance Authority, Health System Rev., (SIFMA Municipal Swap Index Yield + 0.58%), 0.78%, 3/10/2022 (d) (e)		7,000,000		7,009,412

Iowa Finance Authority, Single Family Mortgage-Backed Securities Program Series 2017C, Rev., GNMA/FNMA/FHLMC, 1.70%, 1/1/2023		165,000		165,898

Iowa Finance Authority, State Revolving Fund

Rev., 5.00%, 8/1/2022		260,000		264,729

Series 2019A, Rev., 5.00%, 8/1/2022		50,000		50,910


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Iowa — continued

Iowa Finance Authority, Unitypoint Health

Series 2016E, Rev., 5.00%, 8/15/2022		375,000		382,307

Series 2018B, Rev., 5.00%, 2/15/2025		340,000		375,200

Iowa State University of Science and Technology, Academic Building

Series 2016ISU, Rev., 3.00%, 7/1/2022		25,000		25,201

Rev., 5.00%, 7/1/2022		20,000		20,288

Iowa State University of Science and Technology, Athletic Facilities Rev., 5.00%, 7/1/2022		85,000		86,226

Iowa State University of Science and Technology, Recreational System Facilities

Series 2017A, Rev., 3.00%, 7/1/2022		135,000		136,057

Series 2017A, Rev., 3.00%, 7/1/2023		50,000		51,284

Janesville Consolidated School District GO, 3.00%, 6/1/2023		25,000		25,581

Kirkwood Community College

Series 2020A, GO, 4.00%, 6/1/2022		100,000		100,838

Series 2020A, GO, 4.00%, 6/1/2023		125,000		129,608

Kirkwood Community College, Merged Area X Series 2020C, GO, 4.00%, 6/1/2022		20,000		20,168

Linn-Mar Community School District GO, 5.00%, 5/1/2023		80,000		83,766

Monticello Community School District GO, 5.00%, 5/1/2022		50,000		50,358

New Hampton Community School District GO, 3.00%, 6/1/2022		25,000		25,142

North Polk Community School District Series 2017A, GO, 3.00%, 6/1/2023		30,000		30,660

State of Iowa Board of Regents, University of Iowa, Hospitals and Clinics

Rev., 4.00%, 9/1/2022 (b)		100,000		101,629

Series 2021A, Rev., 5.00%, 9/1/2022		1,305,000		1,332,520

Series SUI, Rev., 5.00%, 9/1/2022		50,000		51,054

Series 2016SUI, Rev., 5.00%, 9/1/2023		65,000		68,825

Series 2019SUI, Rev., 5.00%, 9/1/2025		25,000		28,047


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Iowa — continued

State of Iowa, IJOBS Program, Special Obligation

Series 2016A, Rev., 5.00%, 6/1/2022		635,000		641,952

Series 2020A, GO, 5.00%, 6/1/2022		45,000		45,493

Series 2016A, Rev., 5.00%, 6/1/2023		140,000		146,981

State of Iowa, Special Obligation

Rev., 5.00%, 6/15/2022		35,000		35,442

Rev., 5.00%, 6/15/2023		25,000		26,281

University of Iowa (The), Academic Building Series 2016SUI, Rev., 3.00%, 7/1/2023		135,000		138,666

University of Iowa (The), Recreational Facilities

Series 2017B, Rev., 4.00%, 7/1/2022		95,000		96,086

Series 2017SUI, Rev., 5.00%, 7/1/2022		70,000		71,031

Series 2017B, Rev., 4.00%, 7/1/2023		20,000		20,802

University of Iowa (The), The State University of Iowa Series 2014B, Rev., 5.00%, 7/1/2022		20,000		20,295

University of Iowa, Facilities Corp. Rev., 5.00%, 6/1/2022		40,000		40,441

University of Iowa, Old Capital Town Center Rev., 3.00%, 6/1/2022		20,000		20,122

University of Iowa, Utility System Series SUI, Rev., 5.00%, 11/1/2022 (b)		65,000		66,786

Waukee Community School District

GO, 5.00%, 6/1/2022		135,000		136,492

Series 2014C, GO, 5.00%, 6/1/2022		110,000		111,216

Series 2016B, GO, 5.00%, 6/1/2022		250,000		252,762

Series 2019A, GO, 5.00%, 6/1/2022		45,000		45,497

Series 2019A, GO, 5.00%, 6/1/2023		155,000		162,768

Waukee Community School District, Capital Loan Notes Series 2016A, GO, 4.00%, 6/1/2022		160,000		161,373

Webster City Community School District Series 2010-A, GO, 4.00%, 6/1/2022		35,000		35,280


Total Iowa				17,060,790


Kansas — 0.5%

Blue Valley Recreation Commission

Series A, COP, AGM, 5.00%, 10/1/2022		75,000		76,837


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Kansas — continued

Series B, COP, AGM, 5.00%, 10/1/2023		30,000		31,831

Butler County Unified School District No. 206 Remington GO, AGM, 5.00%, 9/1/2022		40,000		40,827

Butler County Unified School District No. 375 Circle Series 2013-1, GO, AGM, 3.38%, 9/1/2023 (b)		20,000		20,674

City of Abilene Series 2019B, GO, 4.00%, 3/1/2022		145,000		145,000

City of Derby

Series 2015C, GO, 3.00%, 12/1/2022		20,000		20,326

Series 2019B, GO, 4.00%, 12/1/2022		105,000		107,494

Series 2019-A, GO, 5.00%, 12/1/2022		30,000		30,936

City of Dodge City Rev., AGM, 4.00%, 6/1/2022		30,000		30,254

City of Goddard

Series 2021-1, GO, 4.00%, 10/1/2022		40,000		40,763

Series 2019-1, GO, 3.00%, 12/1/2022		125,000		125,223

City of Lauderhill, Water and Sewer System Series 2016-A, Rev., 5.00%, 11/1/2022		50,000		51,418

City of Lawrence

Series 2015-A, GO, 3.00%, 9/1/2022		30,000		30,355

Series 2017D, GO, 5.00%, 9/1/2022		180,000		183,914

City of Manhattan Series A, GO, 5.00%, 11/1/2022		30,000		30,851

City of Manhattan, Temporary Notes Series 2020-03, GO, 0.75%, 6/15/2024		220,000		216,346

City of Olathe

Series 233, GO, 3.00%, 10/1/2022		160,000		162,182

Series 234, GO, 4.25%, 10/1/2022		25,000		25,522

Series 230, GO, 5.00%, 10/1/2022		185,000		189,663

Series 231, GO, 5.00%, 10/1/2022		75,000		76,890

Series 234, GO, 4.25%, 10/1/2023		75,000		78,833

Series 230, GO, 5.00%, 10/1/2023		145,000		154,111

City of Overland Park, Unlimited Tax Series 2013C, GO, 4.00%, 9/1/2022		65,000		66,081

City of Prairie Village, Meadowbrook TIF Project Series 2016A, GO, 2.13%, 3/1/2022		100,000		100,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Kansas — continued

City of Topeka

Series 2021A, GO, 4.00%, 8/15/2022		150,000		152,184

Series 2021C, GO, 4.00%, 8/15/2022		75,000		76,092

City of Wichita

Series 2020A, GO, 3.00%, 6/1/2022		25,000		25,155

Series 811, GO, 5.00%, 6/1/2022		60,000		60,667

Series 818, GO, 5.00%, 6/1/2022		60,000		60,667

Series 2012A, GO, 4.00%, 9/1/2022		25,000		25,429

Series 823, GO, 4.00%, 12/1/2022		20,000		20,487

GO, 5.00%, 12/1/2022		115,000		118,657

City of Wichita, Sales Tax GO, 5.00%, 10/1/2022		225,000		230,658

County of Anderson Series 2013A, GO, AGM, 4.75%, 8/1/2023 (b)		50,000		52,593

County of Johnson, Internal Improvement

Series 2012A, GO, 3.00%, 9/1/2022 (b)		25,000		25,288

Series 2015A, GO, 5.00%, 9/1/2022		20,000		20,425

Series 2018A, GO, 5.00%, 9/1/2022		20,000		20,425

County of Saline, Sales Tax Series 2021B, GO, 4.00%, 9/1/2022		245,000		248,953

County of Shawnee COP, 3.00%, 9/1/2024		35,000		36,298

County of Shawnee, Public Building Commission, Kansas Expocentre Project Rev., 4.00%, 9/1/2022		25,000		25,400

Dickson County Public Building Commission, Courthouse Project Rev., 3.00%, 8/1/2022		25,000		25,238

Douglas County Unified School District No. 497 Lawrence Series 2016-A, GO, 5.00%, 9/1/2022		110,000		112,353

Finney County Unified School District No. 457 Garden City Series B, GO, 5.00%, 9/1/2022		50,000		51,047

Ford County Unified School District No. 443 Dodge City

Series 2015A, GO, 2.00%, 3/1/2022		25,000		25,000

Series 2015A, GO, 5.00%, 3/1/2023		65,000		67,544

Johnson County Community College Foundation, Inc. COP, 5.00%, 10/1/2022		150,000		153,630

Johnson County Community College Foundation, Inc., Student Common and Parking System Rev., 4.00%, 11/15/2022		100,000		102,211


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Kansas — continued

Johnson County Park and Recreation District Series 2013A, COP, 5.00%, 9/1/2022		225,000		229,779

Johnson County Public Building Commission Series 2012A, Rev., 3.00%, 9/1/2022		25,000		25,287

Johnson County Public Building Commission, Courthouse and Medical Examiners Facilities Series 2018A, Rev., 5.00%, 9/1/2022		75,000		76,604

Johnson County Unified School District No. 229 Blue Valley Series 2015B, GO, 5.00%, 10/1/2022		20,000		20,501

Johnson County Unified School District No. 233 Olathe

Series 2017B, GO, 3.00%, 9/1/2022		30,000		30,347

Series 2016A, GO, 4.00%, 9/1/2022		35,000		35,579

Series 2017A, GO, 4.00%, 9/1/2022		175,000		177,894

Series 2016B, GO, 5.00%, 9/1/2022		150,000		153,224

Series 2016C, GO, 5.00%, 9/1/2022		85,000		86,827

Series 2016C, GO, 5.00%, 9/1/2023		50,000		52,950

Johnson County Water District No. 1 Rev., 3.00%, 1/1/2023		50,000		50,909

Kansas Development Finance Authority

Series 2015A, Rev., 5.00%, 5/1/2024		125,000		130,646

Series 2015A, Rev., 5.00%, 5/1/2025		110,000		114,929

Series 2015A, Rev., 5.00%, 5/1/2026		420,000		438,669

Kansas Development Finance Authority, Kansas Department of Commerce Impact Program

Series 2020T, Rev., 5.00%, 6/1/2022		540,000		545,885

Series 2020T, Rev., 5.00%, 12/1/2022		305,000		314,488

Kansas Development Finance Authority, Kansas Department of Health and Environment Series 2020SRF, Rev., 5.00%, 5/1/2022		140,000		141,034

Kansas Development Finance Authority, Kansas State University Housing Projects

Series 2014D-2, Rev., 5.00%, 4/1/2024		125,000		125,441

Series 2014D-2, Rev., 5.00%, 4/1/2025		350,000		351,219


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Kansas — continued

Kansas Development Finance Authority, K-State Athletics, Inc. Project Series 2016D, Rev., 5.00%, 7/1/2022		40,000		40,566

Kansas Development Finance Authority, National Bio and Agro-Defense Facility

Series 2015G, Rev., 5.00%, 4/1/2022		150,000		150,547

Series 2015G, Rev., 5.00%, 4/1/2023		175,000		182,641

Series 2015G, Rev., 5.00%, 4/1/2025		70,000		72,971

Series 2015G, Rev., 5.00%, 4/1/2026		775,000		807,037

Kansas Development Finance Authority, State of Kansas Project

Series 2019F, Rev., 5.00%, 11/1/2022		240,000		246,691

Series 2020R, Rev., 5.00%, 11/1/2022		350,000		359,758

Kansas Development Finance Authority, University Housing Projects Rev., 5.00%, 4/1/2022		350,000		351,277

Kansas Development Finance Authority, University of Kansas Medical Center Parking Facilities Series 2016C, Rev., 4.00%, 5/1/2022		60,000		60,341

Kansas Development Finance Authority, University Project

Series 2016A, Rev., 4.00%, 3/1/2022		85,000		85,000

Series 2014C, Rev., 5.00%, 5/1/2022		250,000		251,809

Series 2017A, Rev., 5.00%, 5/1/2022		140,000		141,013

Series 2021A, Rev., 5.00%, 5/1/2022		100,000		100,735

Series 2014C, Rev., 5.00%, 5/1/2023		195,000		196,273

Series 2015B, Rev., 5.00%, 5/1/2023		320,000		334,950

Series 2020B, Rev., 5.00%, 5/1/2023		115,000		120,318

Kansas Independent College Finance Authority, Ottawa University Series 2021C, Rev., RAN, 4.13%, 5/1/2022		1,250,000		1,253,273


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Kansas — continued

Kansas Turnpike Authority Series 2020A, Rev., 3.00%, 9/1/2022		70,000		70,814

Leavenworth County Unified School District No. 464 Series B, GO, 4.00%, 9/1/2022		125,000		126,998

Neosho County Unified School District No. 413 GO, AGM, 4.00%, 9/1/2023 (b)		25,000		26,085

Reno County Unified School District No. 310 GO, 3.00%, 9/1/2022		125,000		126,373

Reno County Unified School District No. 313 Buhler Series A, GO, 4.00%, 9/1/2022 (b)		265,000		269,316

Sedgwick County Public Building Commission Series 2014-1, Rev., 5.00%, 8/1/2022		35,000		35,638

Sedgwick County Unified School District No. 259 Wichita

Series 2017-A, GO, 3.00%, 10/1/2022		420,000		425,629

Series 2017A, GO, 4.00%, 10/1/2023		140,000		146,449

Sedgwick County Unified School District No. 261 Haysville GO, 4.00%, 11/1/2022		50,000		51,043

Sedgwick County Unified School District No. 265 Goddard Series 2016B, GO, 4.00%, 10/1/2022		125,000		127,347

Sedgwick County Unified School District No. 266 Maize

Series 2015A, GO, 4.00%, 9/1/2022		100,000		101,664

Series 2015A, GO, 4.00%, 9/1/2023 (b)		115,000		120,080

Seward County Unified School District No. 480 Liberal

GO, 5.00%, 9/1/2022 (b)		160,000		163,398

Series 2017-B, GO, 5.00%, 9/1/2023		10,000		10,573

State of Kansas Department of Transportation

Series 2012B, Rev., 5.00%, 9/1/2022		75,000		76,604

Series 2012C, Rev., 5.00%, 9/1/2022		80,000		81,711

Series 2015A, Rev., 5.00%, 9/1/2022		465,000		474,947

Series 2015A, Rev., 5.00%, 9/1/2023		45,000		47,613


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Kansas — continued

Series 2012C, Rev., 5.00%, 9/1/2024		25,000		25,524

Series 2014A, Rev., 5.00%, 9/1/2025		85,000		92,765

University of Kansas Hospital Authority, Health System

Series 2019B, Rev., 5.00%, 3/1/2022		60,000		60,000

Series 2019B, Rev., 5.00%, 3/1/2023		135,000		140,490

Washburn University of Topeka Rev., 4.00%, 7/1/2022		20,000		20,218

Washington County Public Building Commission, Law Enforcement Center and Hospital Project Rev., AGM, 5.00%, 9/1/2022 (b)		100,000		102,099

Wyandotte County Unified School District No. 202 Turner GO, 5.00%, 9/1/2022		20,000		20,419

Wyandotte County Unified School District No. 203 Piper Series 2016A, GO, 4.00%, 9/1/2022		100,000		101,649

Wyandotte County, Unified Government Utility System Improvement

Series 2020-A, Rev., 3.00%, 9/1/2022		25,000		25,281

Series 2012A, Rev., 5.00%, 9/1/2022 (b)		340,000		347,136

Series 2012A, Rev., 5.00%, 9/1/2022		125,000		127,642

Series 2012B, Rev., 5.00%, 9/1/2022		85,000		86,797

Series 2012B, Rev., 5.00%, 9/1/2022 (b)		45,000		45,944

Series B, Rev., 5.00%, 9/1/2022		40,000		40,845

Wyandotte County-Kansas City Unified Government Series 2017D, GO, 5.00%, 8/1/2022		75,000		76,361

Wyandotte County-Kansas City Unified Government Public Building Series 2018A, Rev., 5.00%, 8/1/2022		130,000		132,266

Wyandotte County-Kansas City Unified Government Utility System Series 2012A, Rev., 3.50%, 9/1/2022 (b)		25,000		25,338

Wyandotte County-Kansas City Unified Government Utility System Improvement

Series 2021A, GO, AGM, 4.00%, 8/1/2022		25,000		25,351


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Kansas — continued

Series 2014A, Rev., 5.00%, 9/1/2022		730,000		745,431

Series 2014A, Rev., 5.00%, 9/1/2024		100,000		108,722

Series 2016-A, Rev., 5.00%, 9/1/2024		100,000		108,722

Wyandotte County-Kansas City Unified Government Utility System, Public Utilities Series 2012A, Rev., 3.25%, 9/1/2022 (b)		25,000		25,307


Total Kansas				16,596,733


Kentucky — 0.7%

Allen County School District Finance Corp. Rev., 3.00%, 4/1/2022		40,000		40,077

Augusta Independent School District Finance Corp. Rev., 2.00%, 2/1/2023		45,000		45,394

Barren County School District Finance Corp. Rev., 5.00%, 8/1/2022		50,000		50,867

Boone County School District Finance Corp. Series 2016B, Rev., 2.00%, 11/1/2022		125,000		125,874

Bullitt County School District Finance Corp. Series 2, Rev., 2.60%, 7/1/2022		40,000		40,243

Calloway County School District Finance Corp. Rev., 2.00%, 6/1/2023		50,000		50,551

Campbell Kenton and Boone Counties Sanitation District No. 1 Rev., 5.00%, 8/1/2022		355,000		361,398

City of Ashland, Public Improvement Rev., 2.00%, 4/1/2022		100,000		100,120

City of Bowling Green Series 2016C, GO, 3.00%, 6/1/2022		25,000		25,151

City of Owensboro Series 2012B, GO, 4.00%, 6/1/2022 (b)		10,000		10,083

City of Owensboro, Electric Light and Power System Series B, Rev., 4.00%, 1/1/2023		50,000		51,195

City of Russell, Bon Secours Health System, Inc. Rev., 5.00%, 11/1/2022 (b)		70,000		71,899

Commonwealth of Kentucky COP, 4.00%, 6/15/2022		25,000		25,233

County of Campbell GO, 2.00%, 12/1/2022		45,000		45,427

County of Daviess Series 2012A, GO, 2.00%, 9/1/2023		50,000		50,225


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Kentucky — continued

County of Kenton, Limited Tax Series 2017A, GO, 5.00%, 4/1/2022		25,000		25,092

County of Rowan GO, 3.00%, 6/1/2023		50,000		51,049

Crittenden County School District Finance Corp. Rev., 2.50%, 10/1/2022		25,000		25,257

Daviess County School District Finance Corp., School Building

Rev., 5.00%, 5/1/2022		30,000		30,215

Series 2015B, Rev., 2.00%, 6/1/2022		20,000		20,066

Rev., 5.00%, 6/1/2022		40,000		40,429

Eastern Kentucky University, General Receipts

Series 2012A, Rev., 5.00%, 4/1/2022		40,000		40,136

Series 2018A, Rev., 5.00%, 10/1/2022		30,000		30,689

Series 2012A, Rev., 5.00%, 4/1/2023		35,000		36,416

Fayette County School District Finance Corp.

Series 2011B, Rev., 2.13%, 3/1/2022		50,000		50,000

Series 2012A, Rev., 4.00%, 4/1/2022		20,000		20,055

Series 2020B, Rev., 4.00%, 12/1/2022		20,000		20,466

Series 2013A, Rev., 5.00%, 10/1/2023 (b)		25,000		26,526

Fort Thomas Independent School District Finance Corp., School Building Rev., 3.00%, 4/1/2022		30,000		30,059

Franklin County School District Finance Corp.

Rev., 4.00%, 5/1/2022		35,000		35,191

Rev., 4.00%, 6/1/2022 (b)		20,000		20,165

Glasgow Electric Plant Board, Electric System Series 2014B, Rev., 2.75%, 12/1/2022		25,000		25,345

Graves County School District Finance Corp. Series 2011, Rev., 3.00%, 6/1/2022		25,000		25,142

Harlan County School District Finance Corp. Rev., 2.00%, 8/1/2022		25,000		25,136

Henderson County School District Finance Corp. Rev., 2.00%, 10/1/2022		25,000		25,173


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Kentucky — continued

Henry County Public Properties Corp., Court Facilities Project Rev., 5.00%, 6/1/2022		125,000		126,353

Kenton County Public Properties Corp., Court Facilities Project

Rev., 3.00%, 3/1/2023		150,000		152,751

Rev., 3.00%, 3/1/2024		500,000		514,883

Kenton County School District Finance Corp., School Building Series 2013B, Rev., 2.25%, 5/1/2022		25,000		25,067

Kentucky Asset Liability Commission, Federal Highway Trust Fund

Series 2015A, Rev., 5.00%, 9/1/2022		590,000		602,323

Series 2020A, Rev., 5.00%, 9/1/2022		30,000		30,626

Series 2013A, Rev., 5.25%, 9/1/2022		485,000		495,730

Series A-1, Rev., 5.00%, 9/1/2023		195,000		206,145

Series 2013A, Rev., 5.25%, 9/1/2023		110,000		116,694

Series 2013A, Rev., 5.25%, 9/1/2024		260,000		276,062

Series 2013A, Rev., 5.25%, 9/1/2025		310,000		329,151

Series A, Rev., 5.00%, 9/1/2026		145,000		157,759

Kentucky Bond Development Corp. Rev., 5.00%, 9/1/2022 (b)		400,000		408,496

Kentucky Bond Development Corp., St. Elizabeth Medical Center, Inc. Rev., 5.00%, 5/1/2022		160,000		161,144

Kentucky Economic Development Finance Authority, Catholic Health Initiatives Series 2013A, Rev., 5.25%, 1/1/2023 (b)		100,000		103,582

Kentucky Housing Corp., BTT Development III Portfolio Rev., 1.40%, 6/1/2022 (c)		50,000		50,079

Kentucky Housing Corp., Dudley Court Project Series 2020A, Rev., 0.30%, 8/1/2022 (c)		400,000		399,106

Kentucky Infrastructure Authority, Wastewater and Drinking Water Revolving Fund

Series 2016A, Rev., 5.00%, 2/1/2023		20,000		20,734

Series 2018A, Rev., 3.00%, 2/1/2024		25,000		25,873


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Kentucky — continued

Kentucky Public Energy Authority, Gas Supply

Series 2018B, Rev., 4.00%, 1/1/2025 (c)		1,610,000		1,701,293

Series 2018C-1, Rev., 4.00%, 6/1/2025 (c)		355,000		378,395

Series 2020A, Rev., 4.00%, 6/1/2026 (c)		90,000		97,285

Kentucky Rural Water Finance Corp., Flexible Term Program Series 2020D, Rev., 5.00%, 2/1/2023		135,000		139,804

Kentucky State Property and Building Commission, Project No. 104 Rev., 5.00%, 11/1/2022		260,000		267,055

Kentucky State Property and Building Commission, Project No. 106

Series 2013A, Rev., 5.00%, 10/1/2022		60,000		61,438

Series 2013A, Rev., 5.00%, 10/1/2023 (b)		55,000		58,357

Series 2013A, Rev., 5.00%, 10/1/2023		50,000		52,971

Kentucky State Property and Building Commission, Project No. 108

Series B, Rev., 5.00%, 8/1/2022		380,000		386,624

Series B, Rev., 5.00%, 8/1/2023		870,000		916,894

Series B, Rev., 5.00%, 8/1/2026		125,000		143,713

Kentucky State Property and Building Commission, Project No. 110 Rev., 5.00%, 8/1/2023		195,000		205,511

Kentucky State Property and Building Commission, Project No. 112

Series B, Rev., 5.00%, 11/1/2022		485,000		498,160

Series B, Rev., 5.00%, 11/1/2023		215,000		228,352

Kentucky State Property and Building Commission, Project No. 115

Rev., 5.00%, 4/1/2022		145,000		145,511

Rev., 5.00%, 4/1/2023		120,000		125,080

Kentucky State Property and Building Commission, Project No. 116 Rev., AGM, 3.00%, 10/1/2022		105,000		106,364

Kentucky State Property and Building Commission, Project No. 117 Series B, Rev., 3.00%, 5/1/2022		45,000		45,173

Kentucky State Property and Building Commission, Project No. 119

Rev., 5.00%, 5/1/2022		215,000		216,527

Rev., 5.00%, 5/1/2023		25,000		26,132


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Kentucky — continued

Kentucky State Property and Building Commission, Project No. 125 Series A, Rev., 5.00%, 9/1/2022		40,000		40,829

Kentucky Turnpike Authority, Revitalization Projects

Series A, Rev., 3.00%, 7/1/2022		50,000		50,403

Series 2012A, Rev., 5.00%, 7/1/2022 (b)		200,000		202,878

Series 2013A, Rev., 5.00%, 7/1/2022		50,000		50,733

Series 2014A, Rev., 5.00%, 7/1/2022		145,000		147,126

Series 2016A, Rev., 5.00%, 7/1/2022		435,000		441,378

Series B, Rev., 5.00%, 7/1/2022		795,000		806,656

Series 2014A, Rev., 5.00%, 7/1/2023		305,000		320,910

Series 2016A, Rev., 5.00%, 7/1/2023		875,000		920,642

Series B, Rev., 5.00%, 7/1/2023		495,000		520,820

Series 2014A, Rev., 5.00%, 7/1/2024		35,000		37,908

Series B, Rev., 5.00%, 7/1/2025		95,000		105,812

Laurel County School District Finance Corp. Rev., 4.00%, 8/1/2022		45,000		45,597

Letcher County School District Finance Corp. Rev., 3.00%, 6/1/2022		25,000		25,142

Lexington-Fayette Urban County Airport Board Series E, Rev., GTD, 4.00%, 7/1/2022		50,000		50,560

Lexington-Fayette Urban County Government Sewer System Series 2014A, Rev., 5.00%, 9/1/2022		100,000		102,109

Lexington-Fayette Urban County Government, Various Purpose

Series 2016D, GO, 5.00%, 5/1/2022		145,000		146,047

Series 2017A, GO, 5.00%, 9/1/2022		205,000		209,323

Series 2018A, GO, 5.00%, 10/1/2022		30,000		30,731

Series 2016D, GO, 4.00%, 5/1/2023		115,000		119,099

Series 2017A, GO, 5.00%, 9/1/2023		80,000		84,732

Series 2012B, GO, 3.00%, 7/1/2024		100,000		100,147

Lincoln County School District Finance Corp. Rev., 2.25%, 8/1/2022		20,000		20,121

Louisville and Jefferson County Metropolitan Government

Series 2019A, GO, 5.00%, 8/1/2022		25,000		25,456


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Kentucky — continued

Series 2016A, GO, 5.00%, 12/1/2022		30,000		30,951

Louisville and Jefferson County Metropolitan Government, Catholic Health Initiatives

Series 2012A, Rev., 4.00%, 6/1/2022 (b)		75,000		75,621

Series 2012A, Rev., 4.25%, 6/1/2022		5,000		5,045

Series 2012A, Rev., 5.00%, 6/1/2022 (b)		90,000		90,967

Louisville and Jefferson County Metropolitan Government, Norton Healthcare, Inc.

Series 2016A, Rev., 5.00%, 10/1/2023		205,000		217,347

Series 2020B, Rev., 5.00%, 10/1/2023 (c)		420,000		446,322

Series 2016A, Rev., 5.00%, 10/1/2024		660,000		720,177

Louisville and Jefferson County Metropolitan Sewer District, Sewer and Drainage System

Rev., 5.00%, 5/15/2022		125,000		126,153

Series 2015B, Rev., 5.00%, 5/15/2022		25,000		25,231

Series 2016C, Rev., 5.00%, 5/15/2022		130,000		131,199

Series 2017A, Rev., 5.00%, 5/15/2022		35,000		35,323

Rev., BAN, 3.00%, 10/14/2022		155,000		157,009

Series 2013C, Rev., 3.25%, 5/15/2023 (b)		25,000		25,685

Series 2016C, Rev., 5.00%, 5/15/2023		25,000		26,222

Louisville Water Co., Metro Government Waterworks Board

Series 2014A, Rev., 4.00%, 11/15/2022		30,000		30,689

Rev., 5.00%, 11/15/2023		25,000		26,662

Madison County School District Finance Corp. Rev., 5.00%, 5/1/2022		30,000		30,215

Martin County School District Finance Corp. Rev., 3.00%, 3/1/2023		50,000		50,912

McCracken County School District Finance Corp. Rev., 3.00%, 12/1/2022		25,000		25,376

Meade County School District Finance Corp. Rev., 5.00%, 9/1/2022		75,000		76,479


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Kentucky — continued

Menifee County School District Finance Corp. Rev., 2.13%, 5/1/2022		35,000		35,084

Morehead State University Series 2015A, Rev., 5.00%, 4/1/2022		25,000		25,087

Murray State University Series 2015A, Rev., 4.00%, 3/1/2022		25,000		25,000

Nelson County School District Finance Corp., School Building Rev., 2.00%, 12/1/2022		60,000		60,479

Northern Kentucky Water District Series 2013B, Rev., 5.00%, 2/1/2023		175,000		181,571

Oldham County School District Finance Corp. Rev., 2.00%, 9/1/2022		25,000		25,151

Pendleton County Public Properties Corp., First Mortgage, Court Facilities Project Rev., 4.00%, 12/1/2022		25,000		25,495

Pike County School District Finance Corp., School Building Rev., 2.38%, 6/1/2022		20,000		20,086

Scott County School District Finance Corp.

Rev., 4.00%, 1/1/2023		25,000		25,612

Rev., 2.00%, 5/1/2023		100,000		100,988

Rev., 5.00%, 6/1/2025		20,000		22,090

University of Kentucky, General Receipts

Series 2015A, Rev., 5.00%, 4/1/2022		70,000		70,255

Series 2014D, Rev., 5.00%, 10/1/2022		75,000		76,855

Series 2015B, Rev., 5.00%, 10/1/2022		110,000		112,720

Series 2017A, Rev., 5.00%, 10/1/2022		150,000		153,710

Series 2014A, Rev., 5.00%, 4/1/2023		20,000		20,871

Series 2015A, Rev., 5.00%, 4/1/2023		25,000		26,089

Series 2017B, Rev., 3.00%, 10/1/2023		85,000		87,559

Series 2019A, Rev., 5.00%, 11/1/2023		125,000		133,020

Series 2015B, Rev., 5.00%, 10/1/2024		20,000		21,866

University of Louisville, General Receipts

Series 2016C, Rev., 4.00%, 9/1/2022		120,000		121,912


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Kentucky — continued

Series 2021B, Rev., 5.00%, 9/1/2025		895,000		1,003,430

Series 2021B, Rev., 5.00%, 9/1/2026		945,000		1,087,524

Versailles Public Properties, Inc., KCTCS Project Rev., 5.00%, 12/1/2022		100,000		103,012

Warren County School District Finance Corp., School Building Rev., 3.00%, 4/1/2022		30,000		30,058

Wayne County School District Finance Corp. Rev., 3.00%, 8/1/2022		20,000		20,183

Woodford County School District Finance Corp. Series 2012A, Rev., 2.50%, 7/1/2022		20,000		20,028


Total Kentucky				22,294,020


Louisiana — 0.8%

Ascension Parish School Board GO, 3.00%, 3/1/2022		25,000		25,000

Calcasieu Parish School District No. 23, Public School Improvement GO, 5.00%, 9/1/2022		50,000		51,009

City of Alexandria Series 2013A, Rev., 5.00%, 5/1/2023 (b)		135,000		141,355

City of Hammond, Sales and Use Tax Rev., 4.00%, 12/1/2022		80,000		81,937

City of Lafayette, Publica Improvement, Sales & Use Tax Series 2011ST-D, Rev., 5.00%, 5/1/2022		45,000		45,329

City of Lafayette, Sales Tax Series 2018B, Rev., 5.00%, 5/1/2022		30,000		30,220

City of Lafayette, Utilities

Rev., 5.00%, 11/1/2022 (b)		90,000		92,503

Rev., 5.00%, 11/1/2022		50,000		51,367

City of New Orleans GO, 5.00%, 12/1/2024		25,000		25,753

City of New Orleans, Sewerage Service

Rev., 5.00%, 6/1/2022		200,000		202,165

Rev., 5.00%, 6/1/2023		15,000		15,738

City of Shreveport, Water and Sewer

GO, 5.00%, 9/1/2022		200,000		203,925

Series 2014A, Rev., 5.00%, 12/1/2022		80,000		82,409

City of West Monroe, Sales & Use Tax Rev., 2.00%, 12/1/2022		20,000		20,187


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Louisiana — continued

Consolidated Govt of the City of Baton Rouge and Parish of E Baton Rouge Sales Tax

Rev., AGM, 5.00%, 8/1/2022		25,000		25,439

Rev., 5.00%, 8/1/2022		30,000		30,520

East Baton Rouge Sewerage Commission Series 2021A, Rev., 5.00%, 2/1/2023		75,000		77,851

Jefferson Sales Tax District Series 2019A, Rev., AGM, 5.00%, 12/1/2022		200,000		206,023

Lafayette Consolidated Government

GO, 5.00%, 3/1/2022		35,000		35,000

Rev., AGM, 5.00%, 11/1/2022		150,000		154,029

Lafayette Public Power Authority

Rev., 5.00%, 11/1/2022 (b)		75,000		77,111

Rev., 5.00%, 11/1/2022		50,000		51,384

Lafayette Public Trust Financing Authority, Ragin Cajun Facilities, Inc. Project Rev., AGM, 3.00%, 10/1/2022		25,000		25,307

Lafourche Parish School Board GO, 4.00%, 3/1/2022		25,000		25,000

Livingston Parish School Board, Sales and Use Tax Series 2021A, Rev., 4.00%, 5/1/2022		50,000		50,280

Livingston Parish School District No. 1 GO, 4.50%, 5/1/2022		25,000		25,157

Louisiana Energy & Power Authority, Power Project

Series 2013A, Rev., AGM, 4.50%, 6/1/2023 (b)		40,000		41,706

Series 2013A, Rev., AGM, 5.00%, 6/1/2023 (b)		155,000		162,570

Series 2013A, Rev., AGM, 5.25%, 6/1/2023 (b)		50,000		52,596

Louisiana Housing Corp., Valencia Park Project Rev., 0.35%, 11/1/2022 (c)		2,000,000		1,991,946

Louisiana Local Government Environmental Facilities and Community Development Authority, Bossier City Public Rev., 5.00%, 11/1/2023		100,000		106,296

Louisiana Local Government Environmental Facilities and Community Development Authority, Calcasieu Parish Project Rev., 5.00%, 12/1/2022		25,000		25,785


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Louisiana — continued

Louisiana Local Government Environmental Facilities and Community Development Authority, City of Bossier Project Rev., 5.00%, 6/1/2022		200,000		202,149

Louisiana Local Government Environmental Facilities and Community Development Authority, City of Lake Charles Public Improvement Project Rev., 5.00%, 5/1/2023		100,000		104,564

Louisiana Local Government Environmental Facilities and Community Development Authority, East Baton Rouge Sewerage Commission Projects Series 2013A, Rev., 4.00%, 2/1/2023 (b)		40,000		41,146

Louisiana Local Government Environmental Facilities and Community Development Authority, Jefferson CPZ Beautification Rev., 4.00%, 10/1/2025		130,000		141,376

Louisiana Local Government Environmental Facilities and Community Development Authority, Jefferson Parish Projects Rev., 5.00%, 4/1/2023		100,000		104,266

Louisiana Local Government Environmental Facilities and Community Development Authority, Jefferson Parking Garage Project Rev., 2.38%, 9/1/2022		30,000		30,223

Louisiana Local Government Environmental Facilities and Community Development Authority, Parish of East Baton Rough Road Improvements Project Rev., 5.00%, 8/1/2022		25,000		25,441

Louisiana Local Government Environmental Facilities and Community Development Authority, Woman’s Hospital Foundation Project Series 2017A, Rev., 3.00%, 10/1/2022		75,000		75,944

Louisiana Office Facilities Corp., State Capitol Complex Program

Rev., 5.00%, 11/1/2022		275,000		282,499

Rev., 5.00%, 11/1/2023		125,000		132,635


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Louisiana — continued

Louisiana Public Facilities Authority, Franciscan Missionaries of Our Lady Health System

Rev., 4.00%, 7/1/2022 (b)		170,000		171,886

Rev., 5.00%, 7/1/2022 (b)		525,000		532,556

Louisiana Public Facilities Authority, Hurricane Recovery Program

Rev., 5.00%, 6/1/2022		190,000		192,056

Rev., 5.00%, 6/1/2025		170,000		184,013

Louisiana Public Facilities Authority, Lafayette General Health System Project

Rev., 4.00%, 11/1/2025 (b)		605,000		662,866

Rev., 5.00%, 11/1/2025 (b)		160,000		181,008

Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project

Rev., 5.00%, 5/15/2022		100,000		100,871

Series 2002B, Rev., 5.50%, 5/15/2022 (b)		75,000		75,743

Rev., 5.00%, 5/15/2023		285,000		298,223

Rev., 5.00%, 5/15/2025 (c)		250,000		275,722

Louisiana Public Facilities Authority, Tulane University Project

Series 2016A, Rev., 5.00%, 12/15/2022		50,000		51,593

Series 2016A, Rev., 5.00%, 12/15/2026		130,000		149,866

Louisiana Stadium and Exposition District Series 2013A, Rev., 5.00%, 7/1/2022		175,000		177,477

Louisiana State Citizens Property Insurance Corp. Rev., AGM, 5.00%, 6/1/2022 (b)		175,000		176,903

Louisiana State University, Agricultural and Mechanical College, Auxiliary Facilities System

Rev., 5.00%, 7/1/2022		100,000		101,389

Series 2016A, Rev., 5.00%, 7/1/2022		375,000		380,207

Parish of Lafourche, Sales Tax Public Improvement Rev., 4.00%, 3/1/2022		50,000		50,000

Parish of Plaquemines Rev., 5.00%, 3/1/2025		100,000		109,568

Parish of St. Bernard, Sales & Use Tax Rev., 4.00%, 3/1/2022		45,000		45,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Louisiana — continued

Parish of St. John the Baptist, Marathon Oil Corp., Project Series 2017A-1, Rev., 2.00%, 4/1/2023 (c)		2,710,000		2,724,747

Richland Parish School District No. 4 GO, AGM, 4.00%, 3/1/2023		50,000		51,427

St. Charles Parish School Board Rev., 5.00%, 8/1/2022		20,000		20,344

St. Charles Parish School District No. 1 GO, 5.00%, 3/1/2022		50,000		50,000

St. John the Baptist Parish School Board, Sales Tax Rev., 4.50%, 4/1/2022		300,000		300,937

St. Tammany Parish Hospital Service District No. 2 GO, 3.00%, 3/1/2022		25,000		25,000

St. Tammany Parish Sales Tax District No. 3 Rev., 5.00%, 6/1/2023		25,000		26,240

St. Tammany Parish Wide School District No. 12

Series 2017A, GO, 3.00%, 3/1/2022		55,000		55,000

GO, 5.00%, 3/1/2022		75,000		75,000

GO, 5.00%, 3/1/2023		50,000		52,028

State of Louisiana

Series 2012C, GO, 5.00%, 7/15/2022		525,000		533,505

Series 2012-C, GO, 5.00%, 7/15/2022 (b)		185,000		188,011

Series 2013-C, GO, 5.00%, 7/15/2022		400,000		406,480

Series 2012-A, GO, 5.00%, 8/1/2022 (b)		380,000		386,864

Series 2012-A, GO, 5.00%, 8/1/2022		375,000		381,774

Series 2014-C, GO, 5.00%, 8/1/2022		75,000		76,355

Series 2016-B, GO, 5.00%, 8/1/2022		85,000		86,535

Rev., 5.00%, 9/1/2022		590,000		602,741

Series 2016A, GO, 5.00%, 9/1/2022		75,000		76,612

Series 2019A, Rev., 5.00%, 9/1/2022		140,000		143,023

Series D-1, GO, 5.00%, 12/1/2022		25,000		25,785

Series 2014A, GO, 5.00%, 2/1/2023		40,000		41,509

Series 2015-A, GO, 5.00%, 5/1/2023		20,000		20,942

Series 2013A, Rev., 5.00%, 6/15/2023 (b)		105,000		110,426

Series 2014-C, GO, 5.00%, 8/1/2023		10,000		10,561

Rev., 5.00%, 9/1/2023		15,000		15,890


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Louisiana — continued

Series 2019A, Rev., 5.00%, 9/1/2023		95,000		100,634

Series 2014-C, GO, 5.00%, 8/1/2024		50,000		54,490

Series 2016-B, GO, 5.00%, 8/1/2026		70,000		80,609

State of Louisiana Gasoline and Fuels Tax

Series 2012A-1, Rev., 4.00%, 5/1/2022		50,000		50,286

Series 2012A-1, Rev., 5.00%, 5/1/2022		215,000		216,581

Series 2012A-1, Rev., 5.00%, 5/1/2022 (b)		55,000		55,404

Series 2012A-1, Rev., 5.00%, 5/1/2023		225,000		226,495

Series B, Rev., 5.00%, 5/1/2023		100,000		104,708

State of Louisiana Gasoline and Fuels Tax, Second Lien

Series 2017D, Rev., 0.55%, 5/1/2022 (c)		5,400,000		5,400,515

Series B, Rev., 5.00%, 5/1/2022		50,000		50,368

Series 2017A, Rev., 0.60%, 5/1/2023 (c)		2,430,000		2,430,069

Series 2017D, Rev., 0.60%, 5/1/2023 (c)		115,000		115,003

Series B, Rev., 5.00%, 5/1/2023		25,000		26,177

Terrebonne Levee and Conservation District, Sales Tax

Rev., 4.00%, 7/1/2023 (b)		150,000		155,889

Rev., 5.00%, 7/1/2023 (b)		120,000		126,292

Terrebonne Parish Consolidated Government GO, 5.00%, 3/1/2022		35,000		35,000

West Ouachita Parish School District Rev., 4.00%, 9/1/2022		25,000		25,406

Zachary Community School District No. 1 GO, 3.25%, 3/1/2022 (b)		25,000		25,000


Total Louisiana				25,056,749


Maine — 0.2%

City of Augusta Series 2015B, GO, 3.00%, 5/1/2022		25,000		25,097

City of Bangor

Series 2012B, GO, 3.00%, 7/15/2022 (b)		25,000		25,222

Series 2012B, GO, 4.00%, 7/15/2022 (b)		20,000		20,252

City of Biddeford GO, 2.50%, 10/1/2022		400,000		403,994


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Maine — continued

City of Lewiston, Public Improvement GO, 4.00%, 4/15/2023		25,000		25,867

City of Portland GO, 5.00%, 4/1/2022		25,000		25,092

City of Portland, General Airport Rev., 5.00%, 7/1/2022		25,000		25,341

City of South Portland Series 2020A, GO, 5.00%, 8/15/2022		50,000		50,990

County of Cumberland

GO, 3.00%, 12/1/2022 (b)		25,000		25,412

GO, 2.00%, 4/1/2023		30,000		30,357

Maine Governmental Facilities Authority, Lease Rental

Series 2015B, Rev., 5.00%, 10/1/2022		30,000		30,690

Series 2017A, Rev., 5.00%, 10/1/2022		75,000		76,726

Series 2020A, Rev., 5.00%, 10/1/2022		45,000		46,036

Series 2015B, Rev., 2.00%, 10/1/2023		10,000		10,145

Maine Health and Higher Educational Facilities Authority

Series 2017A, Rev., 5.00%, 7/1/2022		120,000		121,743

Series 2019A, Rev., 5.00%, 7/1/2022		100,000		101,433

Series 2014A, Rev., 5.00%, 7/1/2023		170,000		178,823

Series 2017B, Rev., 5.00%, 7/1/2023		25,000		26,304

Series 2019A, Rev., 5.00%, 7/1/2023		50,000		52,608

Series 2020A, Rev., 5.00%, 7/1/2023 (b)		600,000		631,390

Series 2020B, Rev., 4.00%, 7/1/2024		150,000		157,970

Maine Health and Higher Educational Facilities Authority, Bridgton Hospital Series 2017A, Rev., 5.00%, 7/1/2023		830,000		873,295

Maine Municipal Bond Bank

Series 2016A, Rev., 3.00%, 9/1/2022		110,000		111,340

Series 2014A, Rev., 5.00%, 9/1/2022		45,000		45,995

Series 2016A, Rev., 3.00%, 11/1/2022		40,000		40,605

Series 2014C, Rev., 4.00%, 11/1/2022		25,000		25,544


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Maine — continued

Series 2016C, Rev., 4.00%, 11/1/2022		25,000		25,544

Series B, Rev., 4.00%, 11/1/2022		95,000		97,066

Series 2010C, Rev., 5.00%, 11/1/2022		215,000		221,096

Series 2012B, Rev., 5.00%, 11/1/2022		60,000		61,701

Series 2014C, Rev., 5.00%, 11/1/2022		20,000		20,567

Series 2015A, Rev., 5.00%, 11/1/2022		75,000		77,127

Series 2016B, Rev., 5.00%, 11/1/2022		55,000		56,560

Series 2018A, Rev., 5.00%, 11/1/2022		95,000		97,694

Series 2018B, Rev., 5.00%, 11/1/2022		20,000		20,567

Series 2019A, Rev., 5.00%, 11/1/2022		50,000		51,418

Series 2020A, Rev., 5.00%, 11/1/2022		20,000		20,567

Series C, Rev., 5.00%, 11/1/2022		200,000		205,671

Series D, Rev., 5.00%, 11/1/2022		160,000		164,537

Series 2020A, Rev., 5.00%, 9/1/2023		40,000		42,378

Series 2016C, Rev., 4.00%, 11/1/2023		25,000		26,218

Series 2016B, Rev., 5.00%, 11/1/2023		75,000		79,889

Series 2018B, Rev., 5.00%, 11/1/2023		20,000		21,304

Series 2019A, Rev., 5.00%, 11/1/2023		120,000		127,822

Maine Municipal Bond Bank, Transcap Program Series 2015A, Rev., 5.00%, 9/1/2022		275,000		281,078

Maine School Administrative District No. 28 Series 2019A, GO, 5.00%, 5/1/2023		50,000		52,342

Maine School Administrative District No. 51

GO, 2.50%, 10/15/2022		100,000		101,085

GO, 4.00%, 8/1/2025		50,000		54,423

Maine State Housing Authority, Mortgage Purchase Series 2016A, Rev., 1.70%, 11/15/2022		25,000		25,126

Maine Turnpike Authority

Rev., 5.00%, 7/1/2022		45,000		45,655


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Maine — continued

Series 2012A, Rev., 5.00%, 7/1/2022		100,000		101,456

Series 2012B, Rev., 5.00%, 7/1/2022		50,000		50,728

Rev., 5.00%, 7/1/2023		10,000		10,531

Series 2012A, Rev., 3.00%, 7/1/2025		100,000		100,777

Regional School Unit No. 1 Lower Kennebec Region School Unit GO, 5.00%, 11/1/2022		75,000		77,086

State of Maine

Series 2014B, GO, 5.00%, 6/1/2022		100,000		101,110

Series 2016B, GO, 5.00%, 6/1/2022		55,000		55,610

Series 2017B, GO, 5.00%, 6/1/2022		75,000		75,833

Series 2017B, GO, 5.00%, 6/1/2023		10,000		10,506

Town of Cumberland GO, 5.00%, 5/1/2023		35,000		36,652

Town of Gorham Series 2020A, GO, 2.00%, 10/1/2022		50,000		50,378

Town of Scarborough

GO, 4.00%, 11/1/2022 (b)		70,000		71,508

GO, 5.00%, 11/1/2022		25,000		25,700

University of Maine System

Rev., 5.00%, 3/1/2023		70,000		72,839

Rev., 5.00%, 3/1/2025		55,000		60,892


Total Maine				6,067,312

Maryland — 0.5%

City of Annapolis, Public Improvement Series 2017B, GO, 5.00%, 8/1/2022		25,000		25,452

City of Baltimore Series D, Rev., 5.00%, 7/1/2023		25,000		26,325

City of Baltimore, Consolidated Public Improvement

Series 2013A, GO, 4.00%, 10/15/2022 (b)		60,000		61,220

Series 2021A, GO, 4.00%, 10/15/2022		20,000		20,404

Series 2013A, GO, 5.00%, 10/15/2022		40,000		41,056

Series 2013B, GO, 5.00%, 10/15/2022		25,000		25,660

Series 2014A, GO, 5.00%, 10/15/2022		55,000		56,452

Series 2017A, GO, 5.00%, 10/15/2022		25,000		25,660


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Maryland — continued

City of Baltimore, Stormwater Projects Series 2019A, Rev., 4.00%, 7/1/2022		30,000		30,338

City of Baltimore, Wastewater Projects

Series 2013C, Rev., 5.00%, 7/1/2022		25,000		25,364

Series 2013D, Rev., 5.00%, 7/1/2022		25,000		25,364

Series 2017B, Rev., 5.00%, 7/1/2022		20,000		20,291

Series 2013C, Rev., 5.00%, 7/1/2023		30,000		31,590

City of Baltimore, Water Projects

Series 2013A, Rev., 5.00%, 7/1/2022		100,000		101,456

Series 2013B, Rev., 5.00%, 7/1/2022		25,000		25,364

City of Frederick, Public Improvement

Series 2016B, GO, 5.00%, 3/1/2022		75,000		75,000

GO, 5.00%, 9/1/2022		50,000		51,082

City of Hagerstown Series 2017A, GO, 4.00%, 6/1/2022		80,000		80,636

City of Rockville Series 2014B, GO, 5.00%, 6/1/2022		20,000		20,222

County of Anne Arundel GO, 5.00%, 10/1/2022		130,000		133,261

County of Anne Arundel, Arundel Mills Project Rev., GTD, 5.00%, 7/1/2023		50,000		52,677

County of Anne Arundel, Consolidated General Improvement GO, 5.00%, 4/1/2023		10,000		10,443

County of Anne Arundel, Consolidated General Improvements GO, 5.00%, 4/1/2022		195,000		195,718

County of Anne Arundel, Consolidated Water and Sewer GO, 5.00%, 10/1/2022		65,000		66,631

County of Baltimore, Consolidated Public Improvement

GO, 5.00%, 3/1/2022		75,000		75,000

GO, BAN, 4.00%, 3/23/2022		220,000		220,475

GO, 5.00%, 8/1/2022 (b)		175,000		178,161

Series 2014B, GO, 5.00%, 8/1/2022		25,000		25,457

GO, 5.00%, 3/1/2023		70,000		72,896

GO, 5.00%, 2/1/2025		25,000		27,679

County of Baltimore, Equipment Acquisition Program

COP, 5.00%, 3/1/2022		420,000		420,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Maryland — continued

COP, 5.00%, 10/1/2022		250,000		256,257

County of Baltimore, Metropolitan District GO, 5.00%, 8/1/2022		70,000		71,279

County of Baltimore, Metropolitan District 76th Issue GO, 5.00%, 2/1/2023		25,000		25,955

County of Baltimore, Metropolitan District, Public Improvement Series 2014C, GO, 4.00%, 9/1/2022		25,000		25,420

County of Calvert, Consolidated Public Improvement

GO, 4.00%, 4/1/2022		25,000		25,071

GO, 5.00%, 5/1/2022		30,000		30,220

GO, 5.00%, 7/1/2022		135,000		136,961

County of Carroll, Consolidated Public Improvement

Series 2019A, GO, 4.00%, 11/1/2022		40,000		40,878

GO, 5.00%, 11/1/2022		70,000		71,999

County of Cecil GO, 4.00%, 12/1/2022		130,000		133,147

County of Cecil, County Commissioners, Consolidated Public Improvement GO, 3.38%, 11/1/2022 (b)		25,000		25,434

County of Charles, Consolidated Public Improvement

GO, 5.00%, 10/1/2022		70,000		71,761

GO, 5.00%, 11/1/2022		25,000		25,712

GO, 5.00%, 7/15/2023		45,000		47,484

County of Frederick, Public Facilities

GO, 5.00%, 5/1/2022		20,000		20,147

GO, 4.00%, 8/1/2022		115,000		116,608

Series 2016A, GO, 5.00%, 8/1/2022		25,000		25,453

County of Harford, Consolidated Public Improvement GO, 5.00%, 9/15/2022		225,000		230,140

County of Harford, Public Improvement GO, 5.00%, 10/1/2022		25,000		25,615

County of Howard, Consolidated Public Improvement

GO, 5.00%, 2/15/2023 (b)		20,000		20,787

Series 2017B, GO, 5.00%, 2/15/2023		35,000		36,388

County of Howard, Metropolitan District Project

Series 2019B, GO, 5.00%, 8/15/2022		50,000		50,995

Series 2015A, GO, 3.25%, 2/15/2023 (b)		25,000		25,562


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Maryland — continued

Series 2015A, GO, 3.38%, 2/15/2023 (b)		20,000		20,473

County of Montgomery, Consolidated Public Improvement

Series 2017C, GO, 5.00%, 10/1/2022		25,000		25,626

Series 2017D, GO, 3.00%, 11/1/2022		100,000		101,514

Series 2017A, GO, 5.00%, 11/1/2022		25,000		25,709

Series 2015B, GO, 5.00%, 12/1/2022		40,000		41,266

Series 2016A, GO, 5.00%, 12/1/2022		25,000		25,791

Series 2015B, GO, 5.00%, 12/1/2023		115,000		122,818

County of Montgomery, Metrorail Garage Project Rev., 5.00%, 6/1/2022		75,000		75,173

County of Montgomery, Montgomery College Series 2016A, COP, 5.00%, 11/1/2022		70,000		71,994

County of Prince George’s COP, 5.00%, 10/15/2022		35,000		35,919

County of Prince George’s, Consolidated Public Improvement

Series 2013B, GO, 4.00%, 3/1/2022		180,000		180,000

Series 2016A, GO, 5.00%, 7/1/2022		75,000		76,092

Series 2016B, GO, 4.00%, 7/15/2022		100,000		101,252

Series 2019A, GO, 5.00%, 7/15/2022		40,000		40,648

Series 2013C, GO, 5.00%, 8/1/2022		175,000		178,161

Series 2014A, GO, 5.00%, 9/1/2022		70,000		71,505

Series 2013B, GO, 3.00%, 3/1/2023		45,000		45,947

County of Prince George’s, Suitland Public Infrastructure COP, 4.00%, 10/1/2022		25,000		25,466

County of Queen Anne’s, Public Facilities

GO, 5.00%, 7/1/2022		25,000		25,365

GO, 5.00%, 1/15/2023		50,000		51,803

County of St. Mary’s, Consolidated Public Improvement GO, 5.00%, 8/1/2022		100,000		101,806

County of Washington

GO, 4.00%, 1/1/2023		90,000		92,394

GO, 5.00%, 1/1/2023		35,000		36,220


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Maryland — continued

County of Washington, Consolidated Public Improvement GO, 4.00%, 7/1/2023		30,000		31,202

County of Washington, Public Improvement

GO, 3.00%, 7/1/2022 (b)		40,000		40,318

GO, 5.00%, 7/1/2022		25,000		25,367

County of Wicomico, Public Improvement

GO, 5.00%, 10/1/2022		25,000		25,626

GO, 5.00%, 11/1/2022		50,000		51,418

Maryland Community Development Administration Local Government Infrastructure

Series 2012B-1, Rev., 2.25%, 6/1/2022		25,000		25,101

Series A-2, Rev., 3.00%, 6/1/2022		50,000		50,301

Maryland Community Development Administration, Housing and Community Development

Series 2020D, Rev., 0.25%, 3/1/2022		435,000		435,000

Series 2019C, Rev., 1.45%, 3/1/2022		30,000		30,000

Series 2019B, Rev., 1.70%, 3/1/2022		20,000		20,000

Series 2018A, Rev., 2.55%, 3/1/2022		10,000		10,000

Series 2020D, Rev., 0.30%, 9/1/2022		330,000		329,211

Series 2018A, Rev., 2.60%, 9/1/2022		45,000		45,400

Series 2019A, Rev., 2.10%, 3/1/2024		20,000		20,215

Maryland Health and Higher Educational Facilities Authority, Arundel Health System Issue Rev., 5.00%, 7/1/2022		50,000		50,718

Maryland Health and Higher Educational Facilities Authority, Frederick Memorial Hospital Series 2012A, Rev., 5.00%, 7/1/2022		40,000		40,500

Maryland Health and Higher Educational Facilities Authority, Greater Baltimore Medical Center Issue Series 2012A, Rev., 5.00%, 7/1/2022 (b)		180,000		182,499

Maryland Health and Higher Educational Facilities Authority, John Hopkins Health System Rev., 5.00%, 7/1/2022		25,000		25,367


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Maryland — continued

Maryland Health and Higher Educational Facilities Authority, Johns Hopkins University

Series 2012A, Rev., 4.00%, 7/1/2022 (b)		20,000		20,225

Series 2012A, Rev., 5.00%, 7/1/2022 (b)		25,000		25,364

Series 2013B, Rev., 5.00%, 7/1/2022		125,000		126,850

Maryland Health and Higher Educational Facilities Authority, Lifebridge Health Issue

Rev., 5.00%, 7/1/2022		185,000		187,650

Rev., 5.00%, 7/1/2023		160,000		168,346

Rev., 5.00%, 7/1/2025		45,000		50,090

Maryland Health and Higher Educational Facilities Authority, Loyola University Issue Series 2012A, Rev., 3.00%, 10/1/2022		50,000		50,644

Maryland Health and Higher Educational Facilities Authority, Peninsula Regional Medical Center Rev., 5.00%, 7/1/2022		175,000		177,448

Maryland Health and Higher Educational Facilities Authority, University of Maryland Medical System Issue

Series 2013A, Rev., 4.00%, 7/1/2022 (b)		100,000		101,126

Series 2013A, Rev., 5.00%, 7/1/2022 (b)		25,000		25,364

Maryland Health and Higher Educational Facilities Authority, University of Pittsburgh Medical Center Series 2020B, Rev., 5.00%, 4/15/2022		255,000		256,370

Maryland Industrial Development Financing Authority, McDonogh School Facility Rev., 5.00%, 9/1/2022		55,000		56,152

Maryland National Capital Park and Planning Commission, Park Acquisition and Development Project Series MC-2021A, Rev., GTD, 5.00%, 12/1/2022 (b)		50,000		51,571

Maryland Stadium Authority, Baltimore City Public Schools Rev., 5.00%, 5/1/2022		110,000		110,814


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Maryland — continued

Maryland Stadium Authority, Montgomery County Conference Center

Rev., 5.00%, 6/15/2022		30,000		30,379

Rev., 5.00%, 6/15/2023		65,000		68,306

Maryland State Transportation Authority, Transportation Facilities Projects, Tax Exempt Rev., 5.00%, 7/1/2022		135,000		136,990

Maryland Water Quality Financing Administration Revolving Loan Fund Rev., 5.00%, 3/1/2022		85,000		85,000

St. Mary’s College of Maryland

Series 2012A, Rev., 4.00%, 9/1/2022		50,000		50,799

Series 2018A, Rev., 4.00%, 9/1/2022		40,000		40,640

State of Maryland

Series 2014A, GO, 5.00%, 3/1/2022		50,000		50,000

Series C, GO, 5.00%, 8/1/2022		75,000		76,364

State of Maryland Department of Transportation, Second Issue

Rev., 5.00%, 10/1/2022		205,000		210,107

Rev., 5.00%, 6/1/2025		65,000		68,090

State of Maryland Department of Transportation, Third Issue Rev., 5.00%, 12/15/2022		150,000		154,948

State of Maryland, Department of Transportation

Rev., 5.00%, 4/1/2022		25,000		25,091

Rev., 5.00%, 5/1/2022		50,000		50,369

Rev., 4.00%, 5/15/2022		40,000		40,281

Rev., 5.00%, 6/1/2022		210,000		212,315

Rev., 4.00%, 9/1/2022		55,000		55,912

Rev., 5.00%, 9/1/2022		70,000		71,508

Rev., 5.00%, 10/1/2022		140,000		143,487

Rev., 5.00%, 12/1/2022		35,000		36,097

Rev., 5.00%, 2/1/2023		75,000		77,837

Rev., 5.00%, 2/15/2023		175,000		181,874

Rev., 5.00%, 5/1/2023		20,000		20,944

Rev., 5.00%, 10/1/2023		40,000		42,481

Rev., 5.00%, 11/1/2023		40,000		42,594

Rev., 5.00%, 12/15/2023		50,000		53,445

State of Maryland, State and Local Facilities Loan of 2012 Series 2012C, GO, 4.00%, 8/15/2022		100,000		101,529


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Maryland — continued

State of Maryland, State and Local Facilities Loan of 2014

Series 2014-2-C, GO, 5.00%, 8/1/2022		190,000		193,456

Series 2014B, GO, 5.00%, 8/1/2022 (b)		390,000		397,045

Series B, GO, 5.00%, 8/1/2022 (b)		235,000		239,245

Series B, GO, 5.00%, 8/1/2022		60,000		61,091

State of Maryland, State and Local Facilities Loan of 2015

Series 2015A, GO, 5.00%, 3/1/2022		100,000		100,000

Series A, GO, 5.00%, 8/1/2022		50,000		50,910

Series 2015A, GO, 4.00%, 3/1/2023 (b)		20,000		20,619

Series 2015A, GO, 5.00%, 3/1/2023 (b)		125,000		130,108

Series A, GO, 5.00%, 8/1/2023		70,000		73,956

State of Maryland, State and Local Facilities Loan of 2016 Series 1, GO, 5.00%, 6/1/2022		160,000		161,772

State of Maryland, State and Local Facilities Loan of 2017

Series 2014A, GO, 5.00%, 3/1/2022 (b)		85,000		85,000

Series 2017A, GO, 5.00%, 8/1/2022		125,000		127,274

Series 2017B, GO, 5.00%, 8/1/2022		405,000		412,367

Series 2017A, GO, 5.00%, 8/1/2023		70,000		73,956

State of Maryland, State and Local Facilities Loan of 2018 Series 2018B, GO, 5.00%, 8/1/2022		335,000		341,094

Town of Ocean City, Mayor and City Council, Municipal Purpose GO, 4.00%, 10/1/2022		50,000		50,962

Town of Ocean City, Municipal Purpose Loan

GO, 5.00%, 1/15/2023		85,000		88,051

GO, 4.00%, 10/1/2023		35,000		35,593

University System of Maryland, Auxiliary Facility and Tuition

Series 2019C, Rev., 3.00%, 4/1/2022		25,000		25,052

Series 2012C, Rev., 5.00%, 4/1/2022		40,000		40,147

Series 2016A, Rev., 5.00%, 4/1/2022		25,000		25,092

Series 2016B, Rev., 5.00%, 4/1/2022		40,000		40,147


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Maryland — continued

Series 2017B, Rev., 5.00%, 4/1/2022		85,000		85,312

Series 2019A, Rev., 5.00%, 4/1/2022		40,000		40,147

Series 2021A, Rev., 5.00%, 4/1/2022		105,000		105,386

Series 2012D, Rev., 5.00%, 10/1/2022		45,000		46,126

Series 2017B, Rev., 5.00%, 4/1/2023		25,000		26,111

Series 2019A, Rev., 5.00%, 4/1/2023		70,000		73,110

Washington Suburban Sanitary Commission, Consolidated Public Improvement

Rev., GTD, 3.00%, 6/1/2022		165,000		166,022

Rev., GTD, 4.00%, 6/1/2022		55,000		55,476

Rev., GTD, 5.00%, 6/1/2022		300,000		303,337

Rev., GTD, 5.00%, 6/1/2023		35,000		36,768


Total Maryland				14,043,925


Massachusetts — 2.1%

Acton & Boxborough Regional School District GO, 5.00%, 3/1/2022		35,000		35,000

Berkshire Hills Regional School District GO, 5.00%, 10/15/2022		55,000		56,455

Boston Water and Sewer Commission

Series 2012A, Rev., 3.50%, 11/1/2022 (b)		20,000		20,363

Series 2012A, Rev., 4.25%, 11/1/2022		75,000		76,760

Series 2012A, Rev., 5.00%, 11/1/2022 (b)		130,000		133,660

Series A, Rev., 5.00%, 11/1/2022		170,000		174,832

Series B, Rev., 5.00%, 11/1/2023 (b)		25,000		26,617

City of Amesbury GO, 4.00%, 9/1/2022		25,000		25,403

City of Attleboro, Municipal Purpose Loan GO, 4.00%, 3/15/2022		35,000		35,045

City of Beverly GO, 5.00%, 1/15/2023		50,000		51,803

City of Beverly, Municipal Purpose Loan GO, 3.00%, 9/1/2022		40,000		40,463

City of Boston

Series 2013A, GO, 5.00%, 3/1/2022		30,000		30,000

Series 2014A, GO, 5.00%, 3/1/2022		40,000		40,000

Series 2012A, GO, 5.00%, 4/1/2022		155,000		155,585

Series 2015B, GO, 5.00%, 4/1/2022		80,000		80,302

Series 2017A, GO, 5.00%, 4/1/2022		20,000		20,075


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Massachusetts — continued

Series 2013A, GO, 4.00%, 3/1/2023 (b)		30,000		30,929

Series 2016A, GO, 5.00%, 3/1/2023		20,000		20,821

Series 2010B, GO, 3.00%, 4/1/2023		40,000		40,910

Series 2013B, GO, 4.00%, 1/1/2024		20,000		20,479

City of Cambridge

Series 2015A, GO, 4.00%, 2/15/2023		20,000		20,600

GO, 5.00%, 2/15/2023		65,000		67,566

City of Fall River

GO, 4.00%, 3/1/2022		100,000		100,000

GO, 4.00%, 7/15/2022		35,000		35,435

GO, 4.00%, 12/1/2022		180,000		184,303

City of Framingham, Municipal Purpose Loan

GO, 5.00%, 11/1/2022		115,000		118,222

GO, 5.00%, 12/1/2022		105,000		108,282

GO, 5.00%, 12/15/2022		45,000		46,474

City of Holyoke GO, 3.25%, 9/1/2022 (b)		20,000		20,250

City of Lowell GO, 4.00%, 9/1/2022		40,000		40,661

City of Lowell, Municipal Purpose Loan GO, 5.00%, 9/1/2022		110,000		112,364

City of Malden, Municipal Purpose Loan

GO, 5.00%, 11/15/2022		25,000		25,735

Series 2012A, GO, 5.00%, 12/15/2022		50,000		51,629

City of Marlborough, Municipal Purpose Loan

GO, 4.00%, 6/15/2022		25,000		25,248

GO, 5.00%, 6/15/2022		20,000		20,256

City of Melrose Series 2012A, GO, 2.00%, 11/1/2022		40,000		40,341

City of Newton Series B, GO, 3.00%, 11/1/2022		50,000		50,753

City of Northampton GO, 5.00%, 9/1/2022		35,000		35,754

City of Northampton, Municipal Purpose Loan

GO, 4.00%, 5/1/2022		20,000		20,115

GO, 5.00%, 5/15/2022		50,000		50,454

GO, 4.00%, 6/1/2023		25,000		25,953

City of Peabody, Municipal Purpose Loan

GO, 4.00%, 10/1/2022		35,000		35,665

Series 2015A, GO, 5.00%, 11/15/2022		30,000		30,888


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Massachusetts — continued

City of Quincy

GO, 5.00%, 6/1/2022		20,000		20,219

GO, 5.00%, 6/15/2022		25,000		25,314

GO, BAN, 1.50%, 9/16/2022		110,000		110,463

City of Revere GO, 5.00%, 9/1/2022		80,000		81,687

City of Salem, Municipal Purpose Loan GO, 5.00%, 9/15/2022		25,000		25,581

City of Salem, State Qualified Municipal Loan GO, 4.00%, 9/1/2022		75,000		76,252

City of Somerville GO, 4.00%, 8/15/2022		70,000		71,071

City of Somerville, District Improvement Financing GO, 5.00%, 5/15/2022		25,000		25,228

City of Somerville, Municipal Purpose Loan of 2013 GO, 5.00%, 10/1/2022		70,000		71,752

City of Somerville, Municipal Purpose Loan of 2015 GO, 4.00%, 10/15/2022		45,000		45,919

City of Springfield GO, 4.00%, 9/1/2022		80,000		81,323

City of Springfield, Qualified Muni Purpose Loan GO, 5.00%, 3/1/2022		45,000		45,000

City of Taunton, Muni Purpose Loan GO, 5.00%, 9/15/2022		150,000		153,467

City of Taunton, State Qualified GO, 4.00%, 6/1/2022		50,000		50,428

City of Waltham GO, 5.00%, 10/15/2022		55,000		56,466

City of Waltham, Municipal Purpose Loan GO, 4.10%, 2/1/2023		35,000		35,092

City of Westfield, Municipal Purpose Loan GO, 5.00%, 4/1/2022		75,000		75,269

City of Woburn, Municipal Purpose Loan

GO, 5.00%, 9/15/2022		130,000		133,020

GO, 4.00%, 11/15/2022		140,000		143,205

GO, 2.63%, 11/15/2025		100,000		100,944

City of Worcester

Series 2015A, GO, 5.00%, 6/15/2022		40,000		40,510

Series 2014A, GO, 4.00%, 11/1/2022 (b)		25,000		25,539

Series 2014A, GO, 5.00%, 11/1/2022 (b)		55,000		56,548

GO, 5.00%, 2/15/2023		25,000		25,987


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Massachusetts — continued

City of Worcester, Municipal Purpose Loan

Series 2014A, GO, 3.00%, 11/1/2022 (b)		45,000		45,669

Series 2014A, GO, 4.00%, 11/1/2022		70,000		71,522

Commonwealth of Massachusetts

Series 2016C, GO, 5.00%, 4/1/2022		345,000		346,262

Series 2016D, GO, 5.00%, 4/1/2022		50,000		50,183

Series 2019C, GO, 5.00%, 5/1/2022		85,000		85,629

Series 2016A, GO, 5.00%, 7/1/2022		55,000		55,806

Series 2016B, GO, 5.00%, 7/1/2022		315,000		319,618

Series 2018B, GO, 5.00%, 7/1/2022		75,000		76,100

Series 2019A, GO, 5.00%, 7/1/2022		165,000		167,419

Series C, GO, 5.00%, 7/1/2022		60,000		60,880

Series 2013B, GO, 5.00%, 8/1/2022		280,000		285,093

Series C, GO, 5.00%, 8/1/2022		100,000		101,819

Series 2004A, GO, 5.25%, 8/1/2022		425,000		433,169

Series B, GO, 5.25%, 8/1/2022		385,000		392,368

Series B, GO, NATL-RE-IBC, 5.25%, 8/1/2022		350,000		356,728

Series 2018C, GO, 5.00%, 9/1/2022		50,000		51,077

Series 2018E, GO, 5.00%, 9/1/2022		20,000		20,431

Series E, GO, 5.00%, 9/1/2022		145,000		148,124

Series E, GO, 5.00%, 9/1/2022 (b)		90,000		91,934

Series B, GO, AGM, 5.25%, 9/1/2022		330,000		337,518

Series C, GO, 5.00%, 10/1/2022		180,000		184,484

Series 2017E, GO, 5.00%, 11/1/2022		45,000		46,270

Series 2021B, GO, 5.00%, 11/1/2022		20,000		20,564

Series F, GO, 5.00%, 11/1/2022 (b)		735,000		755,691

Series 2004C, GO, AGM, 5.50%, 12/1/2022		230,000		238,098

Series C, GO, AMBAC, 5.50%, 12/1/2022		190,000		196,690

Rev., NATL-RE, 5.50%, 1/1/2023		50,000		51,830

Series 2016C, GO, 5.00%, 4/1/2023		20,000		20,884

Series 2019C, GO, 5.00%, 5/1/2023		30,000		31,420

Series 2020A, GO, 5.00%, 6/1/2023 (c)		580,000		608,400

Series 2016A, GO, 5.00%, 7/1/2023		95,000		100,072

Series 2016B, GO, 5.00%, 7/1/2023		70,000		73,738

Series 2017D, GO, 5.00%, 7/1/2023		45,000		47,403

Series B, GO, 5.25%, 8/1/2023		85,000		90,089


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Massachusetts — continued

Series C, GO, 5.00%, 10/1/2023		25,000		26,559

Series 2016H, GO, 5.00%, 12/1/2023		55,000		58,739

Series 2015A, GO, 5.00%, 5/1/2024		80,000		83,656

Commonwealth of Massachusetts Federal Highway

Series 2013A, Rev., GAN, 4.00%, 6/15/2022 (b)		50,000		50,494

Series 2017A, Rev., GAN, 5.00%, 6/15/2023		100,000		101,162

Series 2014A, Rev., GAN, 5.00%, 6/15/2024		25,000		27,153

Series 2016A, Rev., GAN, 5.00%, 6/15/2024		25,000		26,224

Series 2017A, Rev., GAN, 5.00%, 6/15/2024		20,000		20,979

Commonwealth of Massachusetts Federal Highway, Accelerated Bridge Program

Rev., GAN, 5.00%, 6/15/2022		525,000		531,711

Rev., GAN, 5.00%, 6/15/2022 (b)		440,000		445,601

Series 2013A, Rev., GAN, 5.00%, 6/15/2022 (b)		195,000		197,482

Series 2014A, Rev., GAN, 5.00%, 6/15/2022		125,000		126,598

Series 2013A, Rev., GAN, 5.00%, 6/15/2023		285,000		288,311

Series 2016A, Rev., GAN, 5.00%, 6/15/2023		315,000		318,659

Commonwealth of Massachusetts Transportation Fund

Series 2021A, Rev., 5.00%, 6/1/2022		50,000		50,555

Series 2016A, Rev., 5.00%, 6/1/2023		20,000		21,010

Commonwealth of Massachusetts Transportation Fund, Rail Enhancement and Accelerated Bridge Programs Series 2017A, Rev., 5.00%, 6/1/2023		55,000		57,778

Commonwealth of Massachusetts Transportation Fund, Rail Enhancement Program

Series 2015A, Rev., 4.00%, 6/1/2022		25,000		25,216

Series 2015A, Rev., 5.00%, 6/1/2022		655,000		662,254


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Massachusetts — continued

Commonwealth of Massachusetts, Consolidated Loan of 2014

Series C, GO, 5.00%, 7/1/2022 (b)		1,425,000		1,445,748

Subseries D-2, GO, 1.70%, 8/1/2022 (c)		705,000		707,638

Series E, GO, 2.00%, 9/1/2022		100,000		100,678

Series E, GO, 5.00%, 9/1/2022 (b)		655,000		669,078

Series F, GO, 5.00%, 11/1/2022 (b)		345,000		354,712

Series 2, GO, 5.00%, 4/1/2023		75,000		78,316

Series C, GO, 5.00%, 7/1/2023		50,000		50,668

Commonwealth of Massachusetts, Consolidated Loan of 2015 Series 2015A, GO, 5.00%, 5/1/2022		115,000		115,851

Commonwealth of Massachusetts, Consolidated Loan of 2016

Series 2016A, GO, 5.00%, 3/1/2022		455,000		455,000

Series 2016H, GO, 5.00%, 12/1/2022		40,000		41,260

Commonwealth of Massachusetts, Consolidated Loan of 2017 Series 2017C, GO, 5.00%, 2/1/2023		40,000		41,517

Commonwealth of Massachusetts, Consolidated Loan of 2020

Series 2020E, GO, 5.00%, 11/1/2022		20,000		20,565

Series 2020A, GO, 5.00%, 3/1/2023		60,000		62,464

Concord and Carlisle Regional School District, Unlimited Tax GO, 5.00%, 3/15/2022		25,000		25,041

Lynn Water and Sewer Commission Series 2013A, Rev., 5.00%, 12/1/2022		50,000		51,552

Manchester Essex Regional School District GO, 4.00%, 1/15/2023		25,000		25,681

Massachusetts Bay Transportation Authority Assessment

Series 2021A, Rev., 4.00%, 7/1/2022		80,000		80,898

Series 2012A, Rev., 5.00%, 7/1/2022		560,000		568,135

Series 2012A, Rev., 5.00%, 7/1/2023		255,000		258,404

Massachusetts Bay Transportation Authority, Sales Tax

Series 2005A, Rev., 5.00%, 7/1/2022		340,000		344,916

Series 2008B, Rev., 5.00%, 7/1/2022		25,000		25,363


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Massachusetts — continued

Series 2015A, Rev., 5.00%, 7/1/2022		135,000		136,961

Series 2020B-2, Rev., 5.00%, 7/1/2022		190,000		192,760

Series A, Rev., 5.00%, 7/1/2022		75,000		76,090

Series 2003C, Rev., 5.25%, 7/1/2022		25,000		25,382

Series 2006A, Rev., 5.25%, 7/1/2022		125,000		126,910

Series 2006B, Rev., 5.25%, 7/1/2022		90,000		91,376

Series B, Rev., 5.25%, 7/1/2022		185,000		187,827

Series 2004C, Rev., 5.50%, 7/1/2022		570,000		579,181

Series 2005A, Rev., 5.00%, 7/1/2023		25,000		26,335

Series 2014A, Rev., 5.00%, 7/1/2023		10,000		10,535

Series 2003C, Rev., 5.25%, 7/1/2023		30,000		31,701

Series C, Rev., 5.50%, 7/1/2023		60,000		63,599

Massachusetts Clean Energy Cooperative Corp., Municipal Lighting Plant Cooperative Rev., 5.00%, 7/1/2022 (b)		25,000		25,360

Massachusetts Clean Water Trust (The), Revolving Fund, Abatement Trust Subseries 17A, Rev., 5.00%, 2/1/2027		35,000		36,314

Massachusetts Clean Water Trust (The), Abatement Trust, Pool Program Series A, Rev., 5.25%, 8/1/2022		125,000		127,403

Massachusetts Clean Water Trust (The), Pool Program Series 11, Rev., 5.25%, 8/1/2022		50,000		50,961

Massachusetts Clean Water Trust (The), Revolving Fund

Series 21, Rev., 4.00%, 8/1/2022		100,000		101,411

Rev., 5.00%, 8/1/2022		405,000		412,367

Series 2012B, Rev., 5.00%, 8/1/2022		100,000		101,819

Series 2017, Rev., 5.00%, 8/1/2022		220,000		224,011

Massachusetts Department of Transportation, Capital Appreciation Series 1997C, Rev., NATL-RE, Zero Coupon, 1/1/2023		130,000		128,875


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Massachusetts — continued

Massachusetts Development Finance Agency, Babson College Issue Series 2015A, Rev., 5.00%, 10/1/2022		80,000		81,998

Massachusetts Development Finance Agency, Berklee College Music Rev., 5.00%, 10/1/2022		25,000		25,604

Massachusetts Development Finance Agency, Beth Israel Lahey Health Series 2019K, Rev., 5.00%, 7/1/2023		50,000		52,581

Massachusetts Development Finance Agency, Boston University Issue Series 2019DD-1, Rev., 5.00%, 4/1/2024 (c)		650,000		685,151

Massachusetts Development Finance Agency, Broad Institute Rev., 4.00%, 4/1/2022		75,000		75,215

Massachusetts Development Finance Agency, Caregroup Issue

Series 2015 H-1, Rev., 5.00%, 7/1/2022		115,000		116,632

Series 2016-I, Rev., 5.00%, 7/1/2022		115,000		116,632

Series 2018J-1, Rev., 5.00%, 7/1/2022		80,000		81,135

Series 2015H-1, Rev., 5.00%, 7/1/2023		50,000		52,581

Series 2016I, Rev., 5.00%, 7/1/2024		175,000		189,791

Series 2015H-1, Rev., 5.00%, 7/1/2025		35,000		39,068

Massachusetts Development Finance Agency, College of the Holy Cross Series 2016A, Rev., 5.00%, 9/1/2022		65,000		66,394

Massachusetts Development Finance Agency, Commonwealth Contract Assistance

Series 2014A, Rev., 4.00%, 5/1/2022 (b)		20,000		20,114

Series 2014A, Rev., 5.00%, 5/1/2022 (b)		235,000		236,728

Series 2014C, Rev., 5.00%, 5/1/2022 (b)		25,000		25,184

Massachusetts Development Finance Agency, Harvard University Series 2016A, Rev., 5.00%, 7/15/2022		175,000		177,842


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Massachusetts — continued

Massachusetts Development Finance Agency, Milton Academy Issue Series 2020A, Rev., 5.00%, 3/1/2022		50,000		50,000

Massachusetts Development Finance Agency, North Hill Community Issue Series 2013A, Rev., 6.50%, 11/15/2023 (b) (e)		675,000		734,656

Massachusetts Development Finance Agency, Northeastern University Issue Series 2020A, Rev., 5.00%, 10/1/2022		405,000		415,113

Massachusetts Development Finance Agency, Partners Healthcare System Issue

Series 2017S, Rev., (SIFMA Municipal Swap Index Yield + 0.50%), 0.70%, 3/10/2022 (d)		250,000		250,030

Series 2012L, Rev., 4.00%, 7/1/2022		200,000		200,547

Rev., 5.00%, 7/1/2022		535,000		542,772

Series 2014M-4, Rev., 5.00%, 7/1/2022		90,000		91,307

Series 2016Q, Rev., 5.00%, 7/1/2022		25,000		25,363

Series O-2, Rev., 5.00%, 7/1/2022		75,000		76,089

Series 2014M-4, Rev., 5.00%, 7/1/2023 (b)		30,000		31,594

Series 2017S-4, Rev., 5.00%, 1/25/2024 (c)		200,000		214,232

Series 2016S-2, Rev., 5.00%, 1/30/2025 (c)		65,000		71,567

Massachusetts Development Finance Agency, Phillips Academy Issue Series 2014A, Rev., 5.00%, 9/1/2023 (b)		50,000		52,950

Massachusetts Development Finance Agency, Suffolk University Issue Rev., 5.00%, 7/1/2023		115,000		120,685

Massachusetts Development Finance Agency, Tufts University Issue Series 2015Q, Rev., 5.00%, 8/15/2022		25,000		25,495

Massachusetts Development Finance Agency, Umass Memorial Health Care Obligated Group Issue Series I, Rev., 5.00%, 7/1/2022		295,000		299,007


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Massachusetts — continued

Massachusetts Development Finance Agency, Wellforce Issue Series 2020C, Rev., AGM, 5.00%, 10/1/2022		50,000		51,195

Massachusetts Development Finance Agency, Williams College

Series 2013P, Rev., 5.00%, 7/1/2022		145,000		147,136

Series 2013P, Rev., 5.00%, 7/1/2024		45,000		47,372

Massachusetts Health and Educational Facilities Authority, Massachusetts Institute of Technology Series 2002K, Rev., 5.50%, 7/1/2022		120,000		121,953

Massachusetts Housing Finance Agency

Series B, Rev., 2.65%, 6/1/2022		25,000		25,121

Series 2015D, Rev., 2.60%, 12/1/2022		50,000		50,566

Massachusetts Housing Finance Agency, Single Family Housing Series 220, Rev., GNMA/FNMA/FHLMC, 5.00%, 6/1/2023		295,000		309,520

Massachusetts Housing Finance Agency, Sustainability Bonds

Series C2, Rev., FHA, 0.40%, 12/1/2022		1,135,000		1,129,993

Series 2020C-2, Rev., FHA, 0.50%, 6/1/2023		765,000		757,760

Series 2020A-3, Rev., FHA, 0.88%, 12/1/2023		300,000		297,950

Massachusetts Port Authority

Rev., 4.00%, 7/1/2022 (b)		20,000		20,225

Series C, Rev., 5.00%, 7/1/2022 (b)		55,000		55,801

Massachusetts School Building Authority, Dedicated Sales Tax

Series 2012A, Rev., 4.00%, 8/15/2022 (b)		25,000		25,381

Series 2012A, Rev., 4.00%, 8/15/2022 (b)		95,000		96,448

Series 2012B, Rev., 4.00%, 8/15/2022 (b)		50,000		50,762

Series 2012A, Rev., 5.00%, 8/15/2022		725,000		739,388

Series 2012A, Rev., 5.00%, 8/15/2022 (b)		1,770,000		1,804,917

Series 2012B, Rev., 5.00%, 8/15/2022 (b)		2,735,000		2,789,048

Series 2015C, Rev., 5.00%, 8/15/2022 (b)		25,000		25,494


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Massachusetts — continued

Series 2013A, Rev., 3.00%, 5/15/2023 (b)		20,000		20,496

Series 2013A, Rev., 5.00%, 5/15/2023 (b)		160,000		167,782

Series 2012A, Rev., 5.00%, 8/15/2023		1,015,000		1,033,397

Series 2015C, Rev., 5.00%, 8/15/2023 (b)		40,000		42,305

Series 2018A, Rev., 5.00%, 2/15/2024 (b)		20,000		21,479

Series 2012A, Rev., 5.00%, 8/15/2024		290,000		295,597

Massachusetts State College Building Authority

Series 2012B, Rev., 3.75%, 5/1/2022 (b)		55,000		55,291

Series 2012C, Rev., 4.00%, 5/1/2022		30,000		30,171

Series 2012A, Rev., 4.25%, 5/1/2022 (b)		25,000		25,153

Series 2011A, Rev., 5.00%, 5/1/2022		20,000		20,147

Series 2012A, Rev., 5.00%, 5/1/2022 (b)		295,000		297,159

Series 2012B, Rev., 5.00%, 5/1/2022 (b)		330,000		332,426

Series 2012B, Rev., 5.00%, 5/1/2022		20,000		20,147

Series B, Rev., 5.00%, 5/1/2022		25,000		25,183

Series 2016A, Rev., 4.00%, 5/1/2023		20,000		20,708

Series 2014A, Rev., 4.50%, 5/1/2023 (b)		65,000		67,685

Series 2011A, Rev., 5.00%, 5/1/2023		35,000		36,643

Series 2014A, Rev., 5.00%, 5/1/2023 (b)		75,000		78,531

Massachusetts Transportation Trust Fund Metropolitan Highway System, Senior

Series 2019A, Rev., 5.00%, 1/1/2023		150,000		155,229

Series 2019A, Rev., 5.00%, 1/1/2024		95,000		101,541

Series 2019A, Rev., 5.00%, 1/1/2025		75,000		82,433


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Massachusetts — continued

Massachusetts Water Resources Authority

Series 2016C, Rev., 4.00%, 8/1/2022		35,000		35,491

Series 2012A, Rev., 5.00%, 8/1/2022 (b)		75,000		76,355

Series 2012-A, Rev., 5.00%, 8/1/2022 (b)		455,000		463,134

Series 2012-A, Rev., 5.00%, 8/1/2022		20,000		20,363

Series 2012B, Rev., 5.00%, 8/1/2022 (b)		40,000		40,723

Series 2013A, Rev., 5.00%, 8/1/2022		185,000		188,357

Series 2017C, Rev., 5.00%, 8/1/2022		95,000		96,724

Series 2019C, Rev., 5.00%, 8/1/2022		260,000		264,718

Series 2002J, Rev., AGM, 5.50%, 8/1/2022		345,000		351,973

Series 2013A, Rev., 5.00%, 8/1/2023		25,000		26,406

Series C, Rev., 5.00%, 8/1/2023		210,000		221,807

Series 2014F, Rev., 5.00%, 8/1/2024		35,000		38,143

Mendon Upton Regional School District GO, 3.00%, 6/1/2022		25,000		25,149

Merrimack Valley Regional Transit Authority Rev., RAN, 1.00%, 6/24/2022		8,400,000		8,399,298

Minuteman Regional Vocational Technical School District GO, 5.00%, 10/15/2022		25,000		25,652

Monomoy Regional School District GO, 5.00%, 9/15/2022		45,000		46,048

Onset Fire District GO, 5.00%, 10/15/2022		55,000		56,424

Pentucket Regional School District, Unlimited Tax GO, 5.00%, 6/1/2023		25,000		26,253

South Essex Sewerage District Series 2016A, GO, 4.00%, 6/15/2022		30,000		30,298

Southwick-Tolland Regional School District, Unlimited Tax GO, 4.00%, 6/1/2022		20,000		20,168

Springfield Water and Sewer Commission

Series 2017B, Rev., 5.00%, 4/15/2022		75,000		75,399


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Massachusetts — continued

Series 2014C, Rev., 5.00%, 7/15/2022		60,000		60,965

Town of Abington, Unlimited Tax GO, 5.00%, 11/15/2022		150,000		154,462

Town of Andover, Municipal Purpose Loan

GO, 5.00%, 3/1/2022		20,000		20,000

GO, 4.00%, 6/15/2022		30,000		30,299

GO, 5.00%, 11/15/2022		45,000		46,351

Town of Arlington, Municipal Purpose Loan

GO, 5.00%, 9/1/2022		20,000		20,416

Series 2015A, GO, 5.00%, 11/1/2022		20,000		20,545

Town of Ashland, Municipal Purpose Loan GO, 5.00%, 5/15/2022		45,000		45,411

Town of Ashland, Unlimited Tax GO, BAN, 2.00%, 8/8/2022		75,000		75,400

Town of Auburn, Municipal Purpose Loan GO, 5.00%, 9/1/2022		50,000		51,077

Town of Barnstable GO, 4.00%, 6/15/2022		30,000		30,298

Town of Bedford

GO, 5.00%, 8/15/2022		90,000		91,783

GO, 4.00%, 9/15/2022		25,000		25,447

Town of Bedford, Municipal Purpose Loan

GO, 5.00%, 10/15/2022		50,000		51,329

GO, 5.00%, 11/1/2022		50,000		51,418

GO, 5.00%, 11/15/2022		40,000		41,196

Town of Bellingham, Municipal Purpose Loan GO, 5.00%, 6/15/2022		25,000		25,306

Town of Belmont, Municipal Purpose Loan of 2018 GO, 3.00%, 5/1/2022		30,000		30,124

Town of Belmont, Unlimited Tax GO, 5.00%, 8/15/2022		25,000		25,495

Town of Billerica, Municipal Purpose Loan

GO, 4.00%, 5/15/2022		50,000		50,346

GO, 5.00%, 10/15/2022		265,000		271,894

Town of Bourne GO, 2.00%, 7/15/2022		25,000		25,132

Town of Bourne, Municipal Purpose Loan

GO, 5.00%, 5/15/2022		30,000		30,274

GO, 5.00%, 12/1/2022		80,000		82,538


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Massachusetts — continued

Town of Braintree

GO, 4.00%, 5/15/2022		40,000		40,286

GO, 5.00%, 5/15/2023		50,000		52,437

Town of Braintree, Municipal Purpose Loan GO, 4.00%, 10/15/2022		45,000		45,924

Town of Brewster, Municipal Purpose Loan GO, 5.00%, 5/1/2023		20,000		20,951

Town of Brookline, Municipal Purpose Loan

GO, 4.00%, 5/15/2022		25,000		25,177

GO, 5.00%, 3/15/2023		20,000		20,853

Town of Canton, Municipal Purpose Loan GO, 5.00%, 3/15/2022		100,000		100,165

Town of Chelmsford GO, 5.00%, 4/1/2022		20,000		20,073

Town of Chelmsford, Municipal Purpose Loan

GO, 5.00%, 5/15/2022		125,000		126,135

GO, 4.00%, 6/15/2022		50,000		50,492

GO, 5.00%, 6/15/2022		25,000		25,318

Town of Concord, Municipal Purpose Loan GO, 5.00%, 6/15/2022		65,000		65,829

Town of Danvers, Municipal Purpose Loan

GO, 5.00%, 8/15/2022		45,000		45,893

Series 2019A, GO, 5.00%, 8/15/2022		120,000		122,383

Town of Dartmouth GO, 4.00%, 4/15/2022		100,000		100,423

Town of Dedham, Municipal Purpose Loan

GO, 5.00%, 4/1/2022		50,000		50,184

GO, 2.00%, 5/15/2022		30,000		30,036

Town of Duxbury, Municipal Purpose Loan GO, 4.00%, 9/1/2022		25,000		25,418

Town of Falmouth, Municipal Purpose Loan

GO, 3.00%, 3/1/2022		30,000		30,000

Series 2014A, GO, 4.00%, 7/15/2022		105,000		106,326

Town of Foxborough, Municipal Purpose Loan GO, 4.00%, 5/15/2022		45,000		45,314

Town of Franklin

GO, 4.00%, 3/1/2022		100,000		100,000

GO, 4.00%, 3/15/2022		65,000		65,083

Town of Franklin, Municipal Purpose Loan GO, 5.00%, 5/1/2022		90,000		90,648


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Massachusetts — continued

Town of Grafton

GO, 3.00%, 4/1/2022 (b)		25,000		25,050

GO, 4.00%, 4/1/2022		40,000		40,115

GO, 5.00%, 4/1/2022 (b)		35,000		35,126

Town of Great Barrington, Municipal Purpose Loan GO, 4.00%, 6/15/2022		25,000		25,246

Town of Hanover

GO, 4.00%, 5/15/2022		25,000		25,169

GO, 4.00%, 5/15/2023		45,000		46,662

Town of Hanover, Municipal Purpose Loan

GO, 5.00%, 5/15/2022		135,000		136,184

GO, 5.00%, 9/1/2022		25,000		25,520

Town of Hingham GO, 5.00%, 9/15/2022		75,000		76,742

Town of Holliston, Municipal Purpose Loan GO, 5.00%, 4/1/2022		60,000		60,221

Town of Hull, Municipal Purpose Loan GO, 2.00%, 8/15/2022		25,000		25,154

Town of Ipswich GO, BAN, 1.25%, 8/12/2022		1,595,000		1,596,437

Town of Lexington, Municipal Purpose Loan GO, 4.00%, 6/15/2022		20,000		20,196

Town of Lincoln GO, 4.00%, 5/1/2022		50,000		50,288

Town of Littleton, Municipal Purpose Loan GO, 5.00%, 5/15/2022		85,000		85,772

Town of Longmeadow, Municipal Purpose Loan GO, 5.00%, 4/1/2022		25,000		25,091

Town of Mansfield, Municipal Purpose Loan GO, 4.00%, 10/15/2022		50,000		50,999

Town of Marblehead GO, 4.00%, 8/15/2023		50,000		50,119

Town of Marblehead, Municipal Purpose Loan GO, 5.00%, 7/15/2022		35,000		35,570

Town of Marshfield, Municipal Purpose Loan

GO, 5.00%, 7/15/2022		90,000		91,468

GO, 5.00%, 11/1/2022		160,000		164,537

GO, 5.00%, 11/1/2024		25,000		25,626

Town of Medfield, Municipal Purpose Loan

GO, 5.00%, 5/15/2022		25,000		25,228

GO, 2.13%, 9/15/2023		100,000		100,583

Town of Mendon, Municipal Purpose Loan GO, 4.00%, 9/15/2022		30,000		30,532


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Massachusetts — continued

Town of Middleborough, Municipal Purpose Loan GO, 5.00%, 10/1/2022		85,000		87,122

Town of Middleton, Municipal Purpose Loan GO, 2.50%, 8/15/2025		40,000		40,228

Town of Milford, School Project GO, 4.00%, 5/1/2023		65,000		67,317

Town of Millis, Municipal Purpose Loan GO, 5.00%, 11/1/2022		25,000		25,705

Town of Nantucket GO, 4.00%, 12/15/2022		70,000		71,773

Town of Nantucket, Municipal Purpose Loan Series 2017B, GO, 5.00%, 7/15/2022		75,000		76,226

Town of Natick, Municipal Purpose Loan

GO, 5.00%, 4/15/2022		30,000		30,163

GO, 4.00%, 6/15/2022		70,000		70,695

Town of Needham, Municipal Purpose Loan

GO, 4.00%, 11/1/2022		25,000		25,547

GO, 4.00%, 11/15/2022		90,000		92,073

Town of North Andover, Municipal Purpose Loan GO, 5.00%, 6/15/2022		50,000		50,639

Town of North Reading, Municipal Purpose Loan GO, 5.00%, 5/15/2022		180,000		181,631

Town of Northbridge, Project Loan, Chapter 70 B GO, 5.00%, 6/1/2022		30,000		30,329

Town of Norton, Municipal Purpose Loan GO, 5.00%, 5/15/2022		20,000		20,182

Town of Norwood GO, 4.00%, 8/15/2022		125,000		126,900

Town of Norwood, Municipal Purpose Loan GO, 4.00%, 7/15/2022		95,000		96,193

Town of Plymouth, Municipal Purpose Loan GO, 4.00%, 5/1/2022		20,000		20,116

Town of Randolph, Municipal Purpose Loan

GO, 3.00%, 4/15/2022		20,000		20,060

GO, 4.00%, 5/15/2022		150,000		151,049

Town of Reading, Municipal Purpose Loan

GO, 3.00%, 4/15/2022		100,000		100,307

GO, 4.00%, 6/15/2022		40,000		40,400

GO, 4.00%, 11/1/2022		45,000		45,988

Town of Rockland, State Qualified Municipal Purpose Loan GO, 3.00%, 7/1/2022		25,000		25,204


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Massachusetts — continued

Town of Salisbury, Municipal Purpose Loan GO, 4.00%, 8/1/2022		25,000		25,352

Town of Scituate Series B, GO, BAN, 2.00%, 1/26/2023 (f)		7,490,248		7,554,036

Town of Scituate, Municipal Purpose Loan

GO, 5.00%, 9/15/2022		195,000		199,497

GO, 2.00%, 11/15/2022		75,000		75,652

Town of Shrewsbury, Municipal Purpose Loan GO, 5.00%, 7/15/2022		40,000		40,648

Town of South Hadley, Golf Course Series 2017B, GO, 4.00%, 8/15/2022		70,000		71,058

Town of Southborough, Municipal Purpose Loan GO, 5.00%, 6/1/2022		80,000		80,870

Town of Stockbridge, Highway Garage GO, 3.00%, 6/1/2022		40,000		40,242

Town of Stoughton, Municipal Purpose Loan GO, 5.00%, 10/15/2022		35,000		35,882

Town of Sutton, Municipal Purpose Loan GO, 5.00%, 6/1/2022		20,000		20,222

Town of Tewksbury, Municipal Purpose Loan GO, 4.00%, 1/15/2025		25,000		26,917

Town of Tewksbury, Unlimited Tax GO, 5.00%, 6/1/2022		35,000		35,388

Town of Tisbury, Municipal Purpose Loan GO, 2.00%, 8/15/2022		50,000		50,313

Town of Topsfield, Municipal Purpose Loan

GO, 5.00%, 3/1/2022		35,000		35,000

Series 2019B, GO, 5.00%, 11/15/2022		25,000		25,751

Town of Walpole, Municipal Purpose Loan

GO, 5.00%, 5/15/2022		30,000		30,255

GO, 4.00%, 9/1/2022		20,000		20,304

Town of Watertown, Municipal Purpose Loan

GO, 3.00%, 5/15/2022		30,000		30,152

GO, 5.00%, 6/15/2022		110,000		111,403

Town of Wayland, Municipal Purpose Loan

GO, 5.00%, 11/1/2022		75,000		77,132

GO, 5.00%, 12/15/2022		25,000		25,830

Town of Wellesley GO, 4.00%, 6/1/2022		55,000		55,444

Town of Wellesley, Municipal Purpose Loan GO, 4.00%, 6/1/2022		145,000		146,172


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Massachusetts — continued

Town of West Springfield, Municipal Purpose Loan GO, 4.00%, 9/15/2022		75,000		76,333

Town of Westborough, Municipal Purpose Loan GO, 5.00%, 8/15/2022		130,000		132,587

Town of Weston GO, 4.00%, 12/1/2022		120,000		122,869

Town of Westwood GO, 3.00%, 6/1/2022		20,000		20,122

Town of Williamstown, Municipal Purpose Loan GO, 3.00%, 5/1/2022		50,000		50,207

Town of Wilmington, Municipal Purpose Loan GO, 5.00%, 11/15/2022		25,000		25,751

Town of Wilmington, School

GO, 3.50%, 3/15/2022 (b)		45,000		45,049

GO, 5.00%, 3/15/2022		80,000		80,132

GO, 5.00%, 3/15/2022 (b)		40,000		40,066

Town of Winchester, Municipal Purpose Loan GO, 5.00%, 7/1/2022		35,000		35,513

Town of Winthrop, Municipal Purpose Loan GO, 4.00%, 11/15/2022		50,000		51,152

University of Massachusetts Building Authority

Series 2013-1, Rev., 4.00%, 11/1/2022 (b)		155,000		158,339

Series 1, Rev., 5.00%, 11/1/2022		25,000		25,705

Series 2013-1, Rev., 5.00%, 11/1/2022 (b)		520,000		534,639

Series 2013-1, Rev., 5.00%, 11/1/2022		45,000		46,270

Series 2015-2, Rev., 5.00%, 11/1/2022		625,000		642,637

Series 2021-1, Rev., 5.00%, 11/1/2022		130,000		133,669

Series 2013-3, Rev., 5.00%, 5/1/2023 (b)		50,000		52,354

Wachusett Regional School District, State Qualified School GO, 4.00%, 12/1/2022		20,000		20,446

Woods Hole, Martha’s Vineyard and Nantucket Steamship Authority

Series 2015A, Rev., GTD, 5.00%, 3/1/2022		100,000		100,000

Series 2018A, Rev., GTD, 5.00%, 3/1/2022		35,000		35,000


Total Massachusetts				66,945,689


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Michigan — 2.4%

Adrian City School District, Unlimited Tax GO, Q-SBLF, 4.00%, 5/1/2023		200,000		206,964

Algonac Community Schools, Unlimited Tax GO, Q-SBLF, 4.00%, 5/1/2022		60,000		60,329

Allen Independent School District, Unlimited Tax

Series 2017I, GO, AGM, 4.00%, 5/1/2022		50,000		50,284

Series 2017I, GO, AGM, 4.00%, 11/1/2022		30,000		30,642

GO, Q-SBLF, 5.00%, 5/1/2023		60,000		62,739

Anchor Bay School District, Unlimited Tax GO, Q-SBLF, 3.00%, 5/1/2022		50,000		50,199

Ann Arbor School District

GO, Q-SBLF, 4.00%, 5/1/2022		25,000		25,146

GO, 5.00%, 5/1/2022		35,000		35,261

GO, Q-SBLF, 5.00%, 5/1/2022 (b)		240,000		241,765

Ann Arbor School District, Unlimited Tax

GO, 3.00%, 5/1/2022		380,000		381,596

GO, 5.00%, 5/1/2022		95,000		95,710

GO, Q-SBLF, 5.00%, 5/1/2022 (b)		90,000		90,662

GO, Q-SBLF, 5.00%, 5/1/2022		80,000		80,597

GO, Q-SBLF, 5.00%, 5/1/2023		40,000		41,892

Battle Creek School District, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2022		20,000		20,146

Bay City School District GO, Q-SBLF, 5.00%, 11/1/2022		25,000		25,704

Belding Area Schools, Unlimited Tax Series 2018A, GO, Q-SBLF, 4.00%, 5/1/2023		25,000		25,870

Berkley School District, School Building and Site, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2022		50,000		50,361

Big Walnut Local School District, School Building and Site, Unlimited Tax GO, Q-SBLF, 4.00%, 5/1/2022		25,000		25,143

Birch Run Area School District, School Building and Site GO, Q-SBLF, 4.00%, 5/1/2022 (b)		25,000		25,139

Birmingham City School District, Unlimited Tax

GO, 4.00%, 5/1/2022		190,000		191,096

GO, 5.00%, 5/1/2022		145,000		146,073

GO, 4.00%, 5/1/2023		200,000		207,177

Bloomfield Hills School District, Unlimited Tax

GO, 4.00%, 5/1/2023		100,000		103,588

GO, 5.00%, 5/1/2023		20,000		20,949


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Michigan — continued

Boyne City Public School District GO, 2.00%, 5/1/2022		25,000		25,057

Brighton Area School District, School Building and Site Series 2013-II, GO, Q-SBLF, 5.00%, 5/1/2022		300,000		302,161

Buchanan Community Schools, School Building and Site GO, Q-SBLF, 3.00%, 5/1/2022		25,000		25,103

Byron Center Public Schools, Unlimited Tax Series 2017-I, GO, Q-SBLF, 5.00%, 5/1/2022		25,000		25,183

Caledonia Community Schools, Unlimited Tax

Series 2020-I, GO, Q-SBLF, 4.00%, 5/1/2022		60,000		60,342

Series 2020I, GO, Q-SBLF, 4.00%, 5/1/2023		10,000		10,353

Center Line Public Schools, Unlimited Tax GO, Q-SBLF, 4.00%, 5/1/2022		25,000		25,140

Charlotte Public School District GO, Q-SBLF, 5.00%, 5/1/2022		45,000		45,330

Charter Township of Bloomfield, Limited Tax Series 2016B, GO, 3.00%, 5/1/2022		50,000		50,202

Charter Township of Canton, Limited Tax

GO, 5.00%, 4/1/2022		50,000		50,179

GO, 5.00%, 10/1/2022		110,000		112,682

GO, 5.00%, 4/1/2023		20,000		20,862

Charter Township of Commerce, Limited Tax Series 2016A, GO, 5.00%, 4/1/2023		95,000		99,127

Charter Township of Lyon Series 2006-A, GO, XLCA, 4.13%, 11/1/2023		45,000		45,234

Charter Township of Meridian, Unlimited Tax GO, 5.00%, 10/1/2022		25,000		25,626

Chippewa Valley Schools

GO, Q-SBLF, 5.00%, 5/1/2022		90,000		90,660

GO, Q-SBLF, 3.50%, 5/1/2023 (b)		30,000		30,882

GO, Q-SBLF, 3.63%, 5/1/2023 (b)		45,000		46,388

GO, Q-SBLF, 5.00%, 5/1/2023 (b)		245,000		256,534

GO, Q-SBLF, 5.00%, 5/1/2023		50,000		52,318

GO, Q-SBLF, 5.25%, 5/1/2023 (b)		30,000		31,499

Chippewa Valley Schools, Unlimited Tax

GO, Q-SBLF, 4.00%, 5/1/2022		20,000		20,114

GO, Q-SBLF, 4.00%, 5/1/2023		45,000		46,567

Series 2016B, GO, Q-SBLF, 5.00%, 5/1/2023		20,000		20,927


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Michigan — continued

City of Ann Arbor, Limited Tax GO, 3.00%, 10/1/2023		25,000		25,745

City of Ann Arbor, Sewage Disposal System Rev., 3.00%, 7/1/2022		45,000		45,363

City of Auburn Hills, Limited tax GO, 3.00%, 6/1/2023		35,000		35,836

City of Battle Creek, Limited Tax GO, 5.00%, 5/1/2023		25,000		26,153

City of Dearborn Capital Improvement GO, 3.00%, 5/1/2022		25,000		25,099

City of Detroit, Sewage Disposal System Senior Lien

Series 2012A, Rev., AGM, 5.00%, 7/1/2022 (b)		220,000		223,203

Series 2004A, Rev., AGM, 5.25%, 7/1/2022		100,000		101,515

Series 2012A, Rev., 5.00%, 7/1/2023		85,000		86,384

City of Farmington Hills GO, 5.00%, 10/1/2022		30,000		30,742

City of Frankenmuth, Capital Improvement, Limited Tax GO, 3.00%, 5/1/2022		40,000		40,158

City of Grand Rapids, Capital Improvement, Limited Tax GO, 5.00%, 4/1/2024		50,000		53,870

City of Grand Rapids, Limited Tax

GO, 5.00%, 5/1/2022		195,000		196,427

GO, 5.00%, 10/1/2022		50,000		51,222

City of Grand Rapids, Sanitary Sewer System

Rev., 4.00%, 1/1/2023 (b)		40,000		41,047

Rev., 5.00%, 1/1/2023		25,000		25,850

Rev., 5.00%, 1/1/2023 (b)		25,000		25,861

City of Grand Rapids, Water Supply System Rev., 5.00%, 1/1/2023		30,000		31,020

City of Kalamazoo, Capital Improvement, Limited Tax GO, 4.00%, 4/1/2022		25,000		25,070

City of Kalamazoo, Wastewater System Rev., 3.15%, 10/1/2022		25,000		25,048

City of Kalamazoo, Waterwaste System Rev., AGM, 5.00%, 10/1/2022		150,000		153,665

City of Lansing GO, 3.00%, 6/1/2022		25,000		25,145

City of Lansing, Sewage Disposal System Rev., 5.00%, 5/1/2022		75,000		75,541

City of Lathrup Village, Limited Tax GO, 5.00%, 10/1/2025		45,000		50,451

City of Marquette Series 2016A, GO, 5.00%, 5/1/2022		20,000		20,145


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Michigan — continued

City of Marquette, Capital Improvement

GO, 4.00%, 5/1/2023		200,000		206,916

GO, 4.00%, 5/1/2024		210,000		221,555

GO, 4.00%, 5/1/2025		290,000		312,195

City of Marquette, Transportation Fund, Limited Tax

GO, 4.00%, 5/1/2023		170,000		175,879

GO, 4.00%, 5/1/2024		125,000		132,153

GO, 4.00%, 5/1/2025		105,000		113,374

City of Monroe, Limited Tax GO, 4.00%, 5/1/2023		90,000		92,974

City of Port Huron, Limited Tax

GO, 4.00%, 10/1/2025		520,000		564,177

GO, 4.00%, 10/1/2026		305,000		336,597

City of Romulus, Limited Tax, Capital Improvement Series 2017A, GO, 4.00%, 11/1/2022		25,000		25,527

City of Royal Oak, Limited Tax, Capital Improvement GO, 3.00%, 10/1/2022		25,000		25,322

City of South Haven, Limited Tax GO, 4.00%, 10/1/2023		70,000		72,876

City of Southfield, Street Improvement, Unlimited Tax GO, 3.00%, 5/1/2023		20,000		20,461

City of Southfield, Water and Sewer Capital Improvement, Limited Tax GO, 3.00%, 5/1/2023		85,000		86,958

City of Sterling Heights, Capital Improvement

GO, 5.00%, 4/1/2022		105,000		105,377

GO, 5.00%, 4/1/2025		40,000		44,215

City of Warren, Capital Improvement Series 2012A, GO, 2.25%, 11/1/2022		25,000		25,248

City of Warren, Limited Tax, Capital Improvement GO, AGM, 3.00%, 5/1/2022		25,000		25,102

City of Wyandotte, Electric System Series A, Rev., 5.00%, 10/1/2022		290,000		296,572

City of Wyoming Rev., 5.00%, 6/1/2023		45,000		47,111

Clarkston Community Schools, Unlimited Tax

Series 2016A, GO, Q-SBLF, 5.00%, 5/1/2022		20,000		20,145

GO, Q-SBLF, 5.00%, 5/1/2023		30,000		31,387

Series 2016A, GO, Q-SBLF, 5.00%, 5/1/2023		40,000		41,849


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Michigan — continued

Clintondale Community Schools, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2022		110,000		110,814

Coldwater Community Schools, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2022		115,000		115,844

Constantine Public Schools GO, Q-SBLF, 5.00%, 5/1/2023		35,000		36,623

County of Calhoun, Limited Tax GO, AGM, 4.00%, 4/1/2022		40,000		40,111

County of Grand Traverse, Limited Tax GO, 3.00%, 6/1/2022		50,000		50,295

County of Ingham, Limited Tax Rev., 4.00%, 5/1/2022		50,000		50,286

County of Jackson, Transportation

GO, 2.00%, 5/1/2022		115,000		115,249

GO, 2.00%, 5/1/2024		250,000		253,782

County of Kalamazoo, Juvenile Home Facilities GO, 5.00%, 4/1/2022		25,000		25,091

County of Kent, Limited Tax

Series 2017B, GO, 5.00%, 6/1/2022		70,000		70,774

Series 2017B, GO, 5.00%, 6/1/2023		135,000		141,731

County of Kent, Limited Tax, Capital Improvement GO, 5.00%, 6/1/2022		40,000		40,442

County of Livingston, Limited Tax GO, 3.00%, 5/1/2023 (b)		25,000		25,591

County of Macomb, Limited Tax GO, 4.00%, 5/1/2023		35,000		36,256

County of Muskegon, Water Supply System GO, 3.50%, 11/1/2022		50,000		50,882

County of Ottawa, Water System GO, 4.00%, 5/1/2022		65,000		65,368

County of St. Clair, Community Mental Health Series 2015A, GO, 5.00%, 4/1/2023		35,000		36,478

Crestwood School District, Unlimited Tax GO, Q-SBLF, 3.00%, 5/1/2022		50,000		50,197

Dansville Schools, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2023		25,000		26,159

Davison Community Schools, Unlimited Tax GO, 3.00%, 5/1/2022		60,000		60,235

De Witt Public Schools, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2023		50,000		52,306

Dearborn School District, Limited Tax GO, 3.00%, 5/1/2022		915,000		918,782

Dearborn School District, School Building and Site Series 2014A, GO, Q-SBLF, 4.00%, 11/1/2023 (b)		35,000		36,658


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Michigan — continued

Dearborn School District, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2022		20,000		20,148

Detroit City School District, School Building and Site

Series 2012A, GO, Q-SBLF, 5.00%, 5/1/2022		4,480,000		4,512,565

Series 2012A, GO, Q-SBLF, 5.00%, 5/1/2022		280,000		282,031

Dexter Community Schools, School Building and Site, Unlimited Tax GO, Q-SBLF, 4.00%, 5/1/2022		290,000		291,673

Dundee Community Schools, Unlimited Tax

GO, Q-SBLF, 3.00%, 5/1/2023		50,000		51,158

GO, Q-SBLF, 5.00%, 5/1/2023		25,000		26,156

East Grand Rapids Public School District, Unlimited Tax Series 2020A, GO, Q-SBLF, 4.00%, 5/1/2022		60,000		60,341

East Lansing School District, Unlimited Tax

GO, Q-SBLF, 5.00%, 5/1/2022		75,000		75,554

Series 2020-II, GO, Q-SBLF, 4.00%, 5/1/2023		180,000		186,352

Farmington Public School District, School Building Site, Unlimited Tax

GO, 4.00%, 5/1/2023		20,000		20,713

GO, AGM, 5.00%, 5/1/2023		55,000		57,596

Fenton Area Public Schools, Unlimited Tax GO, Q-SBLF, 3.00%, 5/1/2022		50,000		50,204

Ferndale Public Schools GO, Q-SBLF, 4.00%, 5/1/2022		25,000		25,143

Forest Hills Public Schools, 2021 School Building and Site, Unlimited Tax GO, 4.00%, 5/1/2023		20,000		20,711

Forest Hills Public Schools, Unlimited Tax

Series I, GO, 3.00%, 5/1/2022		150,000		150,612

GO, 4.00%, 5/1/2022		60,000		60,343

GO, 5.00%, 5/1/2023		20,000		20,942

Frankenmuth School District, School Building and Site, Unlimited Tax GO, Q-SBLF, 4.00%, 5/1/2022		120,000		120,684

Fraser Public School District, School Building and Site, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2023		35,000		36,623

Fruitport Community Schools GO, Q-SBLF, 4.00%, 5/1/2022		50,000		50,279

Genesee Intermediate School District GO, 3.00%, 5/1/2023		30,000		30,691


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Michigan — continued

Gerald R Ford International Airport Authority, Limited Tax Rev., GTD, 5.00%, 1/1/2023		20,000		20,692

Grand Blanc Community Schools, Unlimited Tax GO, Q-SBLF, 4.00%, 5/1/2022 (b)		130,000		130,722

Grand Ledge Public Schools, School Building and Site, Unlimited Tax Series 2021-II, GO, Q-SBLF, 4.00%, 5/1/2023		95,000		98,319

Grand Rapids Community College

GO, 3.63%, 5/1/2022 (b)		50,000		50,254

GO, 5.00%, 5/1/2022		25,000		25,181

Grand Rapids Community College, Limited Tax GO, 3.00%, 5/1/2022		30,000		30,118

Grand Rapids Public Schools, Unlimited Tax GO, AGM, 5.00%, 5/1/2022		25,000		25,183

Grand River Floodwalls and Embankments Drainage District GO, GTD, 4.00%, 11/1/2022		50,000		51,087

Grand Traverse County Hospital Finance Authority, Munson Healthcare Obligated Group

Rev., 4.00%, 7/1/2022		65,000		65,726

Series 2019A, Rev., 5.00%, 7/1/2022		60,000		60,867

Series 2019A, Rev., 5.00%, 7/1/2024		130,000		141,050

Grand Valley State University

Rev., 5.00%, 12/1/2022		20,000		20,618

Series 2014B, Rev., 5.00%, 12/1/2022		160,000		164,941

Series 2015A, Rev., 5.00%, 12/1/2022		45,000		46,273

Series 2014B, Rev., 5.00%, 12/1/2023		310,000		329,960

Series 2016A, Rev., 5.00%, 12/1/2024		670,000		734,636

Great Lakes Water Authority Water Supply System, Second Lien Series 2018A, Rev., 5.00%, 7/1/2022		130,000		131,871

Greenville Public Schools GO, Q-SBLF, 3.00%, 5/1/2023		40,000		40,936

Grosse Ile Township School District, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2022		50,000		50,361

Grosse Pointe Public Library GO, 5.00%, 4/1/2022		110,000		110,390


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Michigan — continued

Hanover Horton School District, Unlimited tax GO, AGM, 4.00%, 5/1/2023		20,000		20,694

Hartland Consolidated Schools, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2023		35,000		36,635

Healthsource Saginaw, Inc., Unlimited Tax

GO, 5.00%, 5/1/2022		100,000		100,727

GO, 4.00%, 5/1/2023		50,000		50,246

Hemlock Public School District, School Building and Site Series 2013I, GO, Q-SBLF, 5.00%, 5/1/2023		125,000		130,780

Holland School District GO, AGM, 4.00%, 5/1/2022		25,000		25,143

Holton Public Schools, Unlimited Tax GO, Q-SBLF, 4.00%, 5/1/2022		25,000		25,144

Houghton-Portage Township School District, Unlimited Tax Series 2016A, GO, Q-SBLF, 3.00%, 5/1/2022		80,000		80,332

Howell Public Schools, Unlimited Tax

GO, Q-SBLF, 4.00%, 5/1/2022 (b)		85,000		85,479

GO, Q-SBLF, 4.50%, 5/1/2022 (b)		80,000		80,516

GO, Q-SBLF, 5.00%, 5/1/2022		25,000		25,181

Hudsonville Public Schools, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2023		25,000		26,165

Huron School District Series 2015A, GO, Q-SBLF, 4.00%, 5/1/2022		30,000		30,168

Huron School District, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2022		50,000		50,361

Ingham County Building Authority, Limited Tax

Rev., 2.00%, 5/1/2022		195,000		195,458

Rev., 2.00%, 5/1/2023		35,000		35,403

Kalamazoo Hospital Finance Authority, Bronson Healthcare Group, Inc.

Rev., 5.00%, 5/15/2023		210,000		219,951

Rev., 5.00%, 5/15/2024		100,000		108,068

Kalamazoo Public Schools, School Building and Site GO, 4.00%, 5/1/2023		75,000		77,629

Kalamazoo Public Schools, Unlimited Tax Series 2016A, GO, 2.00%, 5/1/2023		35,000		35,419

Kenowa Hills Public Schools, School Building and Site Series 2018-II, GO, Q-SBLF, 4.00%, 11/1/2022		65,000		66,383


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Michigan — continued

Kent Hospital Finance Authority, Mary Free Bed Rehabilitation Hospital

Series 2021A, Rev., 5.00%, 4/1/2022		245,000		245,831

Series 2021A, Rev., 5.00%, 4/1/2023		515,000		535,551

Series 2021A, Rev., 5.00%, 4/1/2024		540,000		577,872

Series 2021A, Rev., 5.00%, 4/1/2025		565,000		620,411

Series 2021A, Rev., 5.00%, 4/1/2026		520,000		584,428

Kentwood Public Schools GO, 4.00%, 5/1/2022		25,000		25,142

Lake Michigan College District, Building and Site, Limited Tax

GO, 4.00%, 9/1/2023 (b)		25,000		26,086

GO, 4.25%, 9/1/2023 (b)		20,000		20,942

Lake Orion Community School District

GO, Q-SBLF, 5.00%, 5/1/2022		50,000		50,365

GO, Q-SBLF, 5.00%, 5/1/2023		25,000		26,168

Lakeshore Public Schools, Building and Site GO, Q-SBLF, 5.00%, 5/1/2022		20,000		20,148

L’Anse Creuse Public Schools, Unlimited Tax

GO, Q-SBLF, 5.00%, 5/1/2022		20,000		20,147

GO, Q-SBLF, 5.00%, 5/1/2023		25,000		26,147

Lansing Community College, Building and Site, Limited Tax

GO, 4.00%, 5/1/2022		50,000		50,282

GO, 5.00%, 5/1/2022		150,000		151,090

GO, 5.00%, 5/1/2022		110,000		110,814

Lansing School District, Unlimited Tax

GO, Q-SBLF, 4.00%, 5/1/2022		25,000		25,143

GO, Q-SBLF, 4.00%, 5/1/2023		35,000		36,202

Lapeer Community Schools, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2022		25,000		25,181

Linden Community School District, School Building and Site, Unlimited Tax Series 2021-I, GO, Q-SBLF, 4.00%, 5/1/2025		30,000		32,306

Linden Community School District, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2022		25,000		25,177

Livonia Municipal Building Authority, Limited Tax Rev., 4.00%, 5/1/2024		40,000		42,289

Livonia Public Schools, Unlimited Tax GO, 5.00%, 5/1/2022		100,000		100,724


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Michigan — continued

Macomb Interceptor Drain Drainage District, Limited Tax

Series 2017A, GTD, 5.00%, 5/1/2022		80,000		80,591

Series 2017A, GTD, 5.00%, 5/1/2023		80,000		83,747

Macomb Township Building Authority Rev., 5.00%, 4/1/2022		25,000		25,091

Madison District Public Schools, School Building and Site

GO, Q-SBLF, 4.00%, 5/1/2023 (b)		20,000		20,687

GO, Q-SBLF, 4.25%, 5/1/2023 (b)		30,000		31,117

Mancelona Public Schools, Unlimited Tax GO, Q-SBLF, 2.50%, 5/1/2023		80,000		81,428

Manchester Community Schools, Unlimited Tax Series 2016A, GO, Q-SBLF, 4.00%, 5/1/2022		85,000		85,462

Marquette Board of Light and Power Series 2016A, Rev., 5.00%, 7/1/2023		45,000		47,188

Marysville Public Schools District, Unlimited Tax Series 2016A, GO, Q-SBLF, 5.00%, 5/1/2023		60,000		62,796

Mason County Central School District GO, Q-SBLF, 5.00%, 5/1/2023		75,000		78,450

Michigan Center School District GO, AGM, 2.00%, 11/1/2023		50,000		50,700

Michigan Finance Authority, Ascension Senior Credit Group Series 2016E-1, Rev., 4.00%, 8/15/2024 (c)		60,000		63,677

Michigan Finance Authority, Beaumont Health Credit Group

Series 2015A, Rev., 5.00%, 8/1/2022		420,000		427,640

Rev., 5.00%, 11/1/2022		50,000		51,418

Series 2015A, Rev., 5.00%, 8/1/2023		55,000		58,108

Rev., 5.00%, 11/1/2023		775,000		795,517

Series 2015A, Rev., 5.00%, 8/1/2025		40,000		43,253

Series 2015A, Rev., 5.00%, 8/1/2026		80,000		86,447

Rev., 5.00%, 11/1/2026		125,000		128,502

Michigan Finance Authority, Bronson Healthcare Group, Inc.

Series 2020A, Rev., 4.00%, 5/15/2022		100,000		100,685

Series B, Rev., 3.50%, 11/15/2022 (c)		2,350,000		2,392,238


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Michigan — continued

Michigan Finance Authority, Charter County of Wayne Criminal Justice Center Project Rev., 5.00%, 11/1/2022		85,000		87,249

Michigan Finance Authority, Clean Water Revolving Fund

Rev., 4.00%, 10/1/2022		20,000		20,385

Rev., 5.00%, 10/1/2022 (b)		405,000		415,065

Series 2016B, Rev., 5.00%, 10/1/2022		75,000		76,877

Series 2018B, Rev., 5.00%, 10/1/2022		75,000		76,877

Series 2016B, Rev., 5.00%, 10/1/2023		25,000		26,554

Series 2016B, Rev., 5.00%, 10/1/2024		150,000		164,439

Michigan Finance Authority, Critenton Hospital Medical Center Series 2012A, Rev., 5.00%, 6/1/2022 (b)		25,000		25,272

Michigan Finance Authority, Drinking Water Revolving Fund Rev., 5.00%, 10/1/2022 (b)		130,000		133,231

Michigan Finance Authority, Henry Ford Health System

Rev., 5.00%, 11/15/2022		2,070,000		2,130,383

Rev., 5.00%, 11/15/2023		20,000		21,295

Rev., 5.00%, 11/15/2024		440,000		483,057

Michigan Finance Authority, Local Government Loan Program Series D-1, Rev., AGM, 5.00%, 7/1/2022		25,000		25,358

Michigan Finance Authority, Local Government Loan Program, Detroit Distributable State Aid Fourth Lien, Series 2016C-3, Rev., 5.00%, 4/1/2023		520,000		542,185

Michigan Finance Authority, Local Government Loan Program, Detroit Regional Convention Facility Authority Local Project Series 2014H-1, Rev., 5.00%, 10/1/2022		90,000		90,310

Michigan Finance Authority, Local Government Loan Program, Detroit School District

Series 2015A, Rev., Q-SBLF, 5.00%, 5/1/2022		355,000		357,574

Series 2015A, Rev., Q-SBLF, 5.00%, 5/1/2023		390,000		408,034


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Michigan — continued

Michigan Finance Authority, Local Government Loan Program, Detroit Water and Sewerage Department Water Supply System Local Project

Series D-1, Rev., 5.00%, 7/1/2022		275,000		278,893

Rev., AGM, 5.00%, 7/1/2024		715,000		774,228

Michigan Finance Authority, Local Government Loan Program, Muskegon Heights Public Schools State Qualified Unlimited Tax Project Series 2016A, Rev., Q-SBLF, 5.00%, 5/1/2022		140,000		141,013

Michigan Finance Authority, McLaren Health Care Corp. Series 20105A, Rev., 5.00%, 5/15/2022		520,000		524,636

Michigan Finance Authority, Midmichigan Health Credit Group

Rev., 5.00%, 6/1/2022 (b)		100,000		101,100

Rev., 4.00%, 6/1/2024 (b)		570,000		605,444

Michigan Finance Authority, Sparrow Obligated Group Rev., 4.00%, 11/15/2022		140,000		143,105

Michigan Finance Authority, Tobacco Settlement Asset-Backed Series 2020A, Class 1, Rev., 4.00%, 6/1/2023		1,000,000		1,029,919

Michigan Finance Authority, Trinity Health Credit Group

Series 2015MI, Rev., 5.00%, 6/1/2022 (b)		695,000		702,644

Rev., 5.00%, 12/1/2022 (b)		410,000		422,723

Rev., 5.00%, 12/1/2022		295,000		304,177

Series 2017A-MI, Rev., 5.00%, 12/1/2022		695,000		716,621

Series 2019MI-1, Rev., 5.00%, 12/1/2022		135,000		139,200

Rev., 5.00%, 12/1/2023		300,000		320,017

Series 2017A, Rev., 5.00%, 12/1/2023		385,000		410,689

Series 2019MI-1, Rev., 5.00%, 12/1/2023		125,000		133,341

Series 2017A, Rev., 5.00%, 12/1/2024		240,000		263,085

Series 2019MI-2, Rev., 5.00%, 2/1/2025 (c)		835,000		919,177

Michigan State Building Authority, Facilities Program

Series 2015 I, Rev., 5.00%, 4/15/2022		130,000		130,706


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Michigan — continued

Series 2016 I, Rev., 5.00%, 4/15/2022		60,000		60,326

Series 2013 1-A, Rev., 5.00%, 10/15/2022		210,000		215,596

Series 2015I, Rev., 5.00%, 4/15/2023		320,000		334,611

Series 2013 1-A, Rev., 5.00%, 10/15/2023		90,000		95,715

Series 2016-I, Rev., 5.00%, 4/15/2026		50,000		57,058

Michigan State Building Authority, Multi Modal Program Rev., VRDO, 0.28%, 3/9/2022 (c)		5,235,000		5,235,000

Michigan State Hospital Finance Authority, Ascension Health Credit Group

Series 2005A-3, Rev., 4.00%, 11/1/2022		215,000		219,559

Series 2005A-4, Rev., 5.00%, 11/1/2022		215,000		220,980

Series F-5, Rev., 2.40%, 3/15/2023 (c)		450,000		456,774

Series 2010 F-1, Rev., 4.00%, 6/1/2023 (c)		50,000		51,868

Series 2005A-3, Rev., 4.00%, 11/1/2023		100,000		104,738

Series 2005A-3, Rev., 4.00%, 11/1/2024		50,000		53,511

Michigan State Hospital Finance Authority, McLaren Health Care Corp.

Series 2012A, Rev., 5.00%, 6/1/2022		135,000		136,461

Series 2012A, Rev., 5.00%, 6/1/2023		125,000		126,224

Series 2012A, Rev., 5.00%, 6/1/2025		365,000		368,913

Series 2012A, Rev., 5.00%, 6/1/2026		100,000		101,067

Michigan State Hospital Finance Authority, Trinity Health Credit Group

Rev., 4.00%, 6/1/2022 (b)		2,935,000		2,959,676

Series 2009C, Rev., 4.00%, 6/1/2022 (b)		100,000		100,828

Rev., 5.00%, 6/1/2022 (b)		425,000		429,629

Series 2012MI, Rev., 5.00%, 6/1/2022 (b)		3,690,000		3,730,122

Series 2008C, Rev., 5.00%, 12/1/2022		135,000		139,282


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Michigan — continued

Series 2008C, Rev., 5.00%, 12/1/2024		255,000		279,528

Series C, Rev., 5.00%, 12/1/2025		200,000		225,311

Michigan State Housing Development Authority, Rental Housing

Series 2012A, Rev., 4.75%, 4/1/2022 (b)		150,000		150,511

Series A, Rev., 2.65%, 10/1/2022		75,000		75,704

Michigan State Housing Development Authority, Single Family Mortgage

Series 2018A, Rev., 2.20%, 6/1/2022		25,000		25,085

Series 2020A, Rev., 0.80%, 6/1/2023		150,000		149,135

Michigan State University

Series 2013A, Rev., 5.00%, 8/15/2022		95,000		96,877

Series 2015A, Rev., 5.00%, 8/15/2022		20,000		20,395

Series 2019C, Rev., 5.00%, 8/15/2022		405,000		413,004

Series 2020A, Rev., 5.00%, 8/15/2022		25,000		25,494

Series 2019B, Rev., 5.00%, 2/15/2023		75,000		77,954

Series 2013A, Rev., 5.00%, 8/15/2023		10,000		10,577

Michigan Strategic Fund, Community Colleges Skilled Trades Equipment Program Rev., 5.00%, 3/1/2024		370,000		396,585

Michigan Strategic Fund, Rare isotope Beams Project Rev., 5.00%, 3/1/2022		150,000		150,000

Milan Area Schools, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2022		40,000		40,286

Mount Clemens Community School District, Unlimited Tax

Series 2017A, GO, Q-SBLF, 5.00%, 5/1/2022		85,000		85,614

Series 2017A, GO, Q-SBLF, 5.00%, 5/1/2023		25,000		26,153

Mount Pleasant School District, Unlimited Tax Series 2016-I, GO, 4.00%, 5/1/2022		50,000		50,280

Muskegon Local Development Finance Authority Rev., AGM, GTD, 3.00%, 11/1/2022		50,000		50,087


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Michigan — continued

New Haven Community Schools, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2022		55,000		55,408

North Huron Schools, School Building and Site GO, 3.00%, 5/1/2022		25,000		25,098

North Kent Sewer Authority, State of Michigan, Sanitary Sewer System, Limited Tax of Constituent Municipalities Rev., 4.00%, 11/1/2022		170,000		173,697

Northern Michigan University Series 2018A, Rev., 5.00%, 12/1/2022		20,000		20,621

Northview Public Schools, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2023		70,000		73,228

Northville Public Schools, School Building and Site, Unlimited Tax

Series 2020-III, GO, 4.00%, 5/1/2022		430,000		432,452

Series 2020-III, GO, 4.00%, 5/1/2025		30,000		32,296

Novi Community School District, Unlimited Tax

GO, Q-SBLF, 4.00%, 5/1/2022		25,000		25,144

GO, Q-SBLF, 5.00%, 5/1/2022		60,000		60,443

Oakland County Building Authority Series 2012A, Rev., 3.00%, 11/1/2022		30,000		30,456

Oakland County Building Authority, Limited Tax Series 2020A, Rev., 5.00%, 11/1/2022		120,000		123,411

Oakland University

Rev., 5.00%, 3/1/2022		130,000		130,000

Rev., 5.00%, 3/1/2023		205,000		213,231

Oxford Area Community School District, Unlimited Tax

GO, Q-SBLF, 5.00%, 5/1/2022		25,000		25,184

Series A, GO, Q-SBLF, 5.00%, 5/1/2023		30,000		31,412

Plymouth-Canton Community School District GO, Q-SBLF, 5.00%, 5/1/2023		45,000		47,129

Plymouth-Canton Community School District, School Building and Site

Series 2013A, GO, 5.00%, 5/1/2022		20,000		20,148

Series 2013A, GO, 4.00%, 5/1/2023 (b)		150,000		155,329


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Michigan — continued

Plymouth-Canton Community School District, Unlimited Tax Series 2012A, GO, Q-SBLF, 4.00%, 5/1/2022 (b)		25,000		25,143

Port Huron Area School District, School Building and Site, Unlimited Tax GO, AGM, 4.00%, 5/1/2023		25,000		25,859

Portage Public Schools, School Building and Site GO, 5.00%, 5/1/2022		40,000		40,293

River Rouge School District GO, Q-SBLF, 5.00%, 5/1/2022		20,000		20,147

Rochester Community School District, School Building and Site, Unlimited Tax

Series 2019-II, GO, 3.00%, 5/1/2022		20,000		20,083

Series II, GO, 3.00%, 5/1/2023		40,000		40,875

Rockford Public Schools GO, Q-SBLF, 5.00%, 5/1/2022		20,000		20,145

Romulus Community Schools, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2022		110,000		110,777

Roseville Community Schools, Energy Conservation Improvement GO, 3.00%, 5/1/2022		55,000		55,204

Royal Oak Hospital Finance Authority, William Beaumont Hospital Obligated Group

Rev., 3.00%, 9/1/2022		40,000		40,453

Rev., 5.00%, 9/1/2022		110,000		112,337

Rev., 5.00%, 9/1/2023		800,000		846,583

Royal Oak School District, School Building and Site, Unlimited Tax

GO, 4.00%, 5/1/2022		140,000		140,805

GO, 5.00%, 5/1/2022		75,000		75,554

Saginaw City School District, Unlimited Tax

GO, Q-SBLF, 5.00%, 5/1/2022		45,000		45,325

GO, Q-SBLF, 5.00%, 5/1/2024		35,000		37,762

Saginaw Hospital Finance Authority, Covenant Medical Center Series 2020J, Rev., 5.00%, 7/1/2022		95,000		96,361

Saginaw Township Community School District, Unlimited Tax

GO, Q-SBLF, 4.00%, 5/1/2022		30,000		30,172

GO, Q-SBLF, 4.00%, 5/1/2023		35,000		36,243

Saginaw Valley State University Series 2013A, Rev., 5.00%, 7/1/2022		25,000		25,358


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Michigan — continued

Saline Area Schools, Unlimited Tax

GO, Q-SBLF, 5.00%, 5/1/2022		85,000		85,621

GO, Q-SBLF, 5.00%, 5/1/2023		50,000		52,324

Sault Ste Marie Area Public Schools, School Building and Site, Unlimited Tax GO, Q-SBLF, 3.00%, 5/1/2022		55,000		55,217

Schoolcraft Community College District, Limited Tax GO, 3.00%, 5/1/2024		115,000		119,010

Shepherd Public Schools, Unlimited Tax Series 2017A, GO, Q-SBLF, 3.00%, 5/1/2023		25,000		25,570

South Lake Schools, School Building and Site GO, Q-SBLF, 4.00%, 11/1/2024		25,000		26,359

Southfield Library Building Authority, Limited Tax Rev., 5.00%, 5/1/2023		40,000		41,845

St. Joseph School District GO, Q-SBLF, 5.00%, 5/1/2022		30,000		30,217

Standish-Sterling Community Schools, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2022		25,000		25,183

State of Michigan

Rev., GAN, 5.00%, 3/15/2022		950,000		951,523

Series 2016B, GO, 5.00%, 11/1/2022		20,000		20,567

Rev., GAN, 5.00%, 3/15/2023		695,000		723,533

Rev., GAN, 5.00%, 3/15/2024		75,000		80,643

Rev., GAN, 5.00%, 3/15/2025		200,000		221,552

State of Michigan Comprehensive Transportation Rev., AGM, 5.25%, 5/15/2022		90,000		90,855

State of Michigan, Environmental Program

Series 2015A, GO, 5.00%, 12/1/2022		85,000		87,690

Series 2016A, GO, 5.00%, 12/1/2022		300,000		309,493

State of Michigan, Trunk Line Fund

Rev., 5.00%, 11/15/2022		755,000		777,295

Series 2020A, Rev., 5.00%, 11/15/2022		40,000		41,181

Series 2021A, Rev., 5.00%, 11/15/2022		180,000		185,315

Sturgis Public School District Series 2015A, GO, Q-SBLF, 5.00%, 5/1/2022		20,000		20,146

Three Rivers Community Schools, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2022		75,000		75,543


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Michigan — continued

Traverse City Area Public Schools, School Building and Site, Unlimited Tax

GO, 5.00%, 5/1/2023		50,000		52,270

Series 2021-II, GO, 3.00%, 5/1/2026		2,815,000		2,977,885

Troy School District, School Building and Site

GO, Q-SBLF, 5.00%, 5/1/2022		85,000		85,628

GO, Q-SBLF, 5.00%, 5/1/2023		25,000		26,171

Troy School District, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2023		105,000		109,918

Troy School District, Unlimited Tax, School Building and Site GO, Q-SBLF, 5.00%, 11/1/2023 (b)		20,000		21,276

Ubly Community Schools, School Building and Site, Unlimited Tax GO, AGM, 2.50%, 5/1/2022		25,000		25,077

University of Michigan

Series 2014A, Rev., 5.00%, 4/1/2022		90,000		90,330

Series 2018A, Rev., 5.00%, 4/1/2022		40,000		40,146

Utica Community Schools, School Building and Site, Unlimited Tax

GO, Q-SBLF, 4.00%, 5/1/2022		45,000		45,255

GO, Q-SBLF, 4.00%, 5/1/2023		120,000		124,084

Van Dyke Public Schools, Unlimited Tax

Series 2017A, GO, Q-SBLF, 4.00%, 5/1/2022		70,000		70,396

Series 2017C, GO, Q-SBLF, 4.00%, 5/1/2022		25,000		25,141

Vicksburg Community Schools, Unlimited Tax Series 2020-I, GO, Q-SBLF, 4.50%, 5/1/2023		40,000		41,604

Walled Lake Consolidated School District GO, Q-SBLF, 5.00%, 11/1/2023 (b)		45,000		47,872

Walled Lake Consolidated School District, School Building and Site GO, Q-SBLF, 5.00%, 11/1/2023 (b)		150,000		159,572

Warren Consolidated Schools, School Building and Site, Unlimited Tax GO, Q-SBLF, 4.00%, 5/1/2022		100,000		100,562

Warren Woods Public Schools, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2023		20,000		20,901

Waterford School District, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2023		60,000		62,631


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Michigan — continued

Wayne County Airport Authority

Series C, Rev., 5.00%, 12/1/2022		10,000		10,305

Series G, Rev., 5.00%, 12/1/2022		45,000		46,372

Wayne State University

Series 2018A, Rev., 5.00%, 11/15/2022		85,000		87,510

Series 2018A, Rev., 5.00%, 11/15/2023		100,000		106,385

Series 2013A, Rev., 5.00%, 11/15/2024		100,000		106,210

Series 2019A, Rev., 5.00%, 11/15/2024		210,000		230,256

Wayne-Westland Community Schools, Building and Site Unlimited Tax GO, Q-SBLF, 5.00%, 11/1/2022		40,000		41,115

Webberville Community Schools, Unlimited Tax Series A, GO, Q-SBLF, 4.00%, 5/1/2023		50,000		51,682

West Bloomfield School District, Unlimited Tax School Building and Site GO, AGM, 5.00%, 5/1/2022		25,000		25,180

West Ottawa Public Schools GO, Q-SBLF, 4.00%, 11/1/2022		50,000		51,080

West Ottawa Public Schools, School Building and Site, Unlimited Tax

Series 2014-1, GO, 5.00%, 5/1/2022		65,000		65,479

GO, 4.00%, 5/1/2023		20,000		20,713

Western Michigan University

Rev., 5.00%, 11/15/2022		50,000		51,477

Series 2015A, Rev., 5.00%, 11/15/2022		25,000		25,738

Western Michigan University, Tax Exempt Series 2019A, Rev., 5.00%, 11/15/2022		250,000		257,382

Western Township Utilities Authority, Sewage Disposal System , Limited Tax Rev., GTD, 5.00%, 1/1/2023		140,000		144,453

White Cloud Public Schools, Unlimited Tax GO, Q-SBLF, 4.00%, 5/1/2023		25,000		25,867

Woodhaven-Brownstown School District, School Building and Site GO, Q-SBLF, 5.00%, 5/1/2022		65,000		65,470

Wyandotte City School District, School Building and Site, Unlimited Tax GO, Q-SBLF, 5.00%, 5/1/2022		45,000		45,327

Yale Public Schools, Unlimited Tax GO, Q-SBLF, 3.00%, 5/1/2022		25,000		25,098


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Michigan — continued

Ypsilanti Community Utilities Authority, Charter Township of Ypsilanti, Limited Tax Rev., 4.00%, 5/1/2022		65,000		65,364

Ypsilanti Community Utilities Authority, Limited Tax Rev., 4.00%, 4/1/2022		50,000		50,140

Ypsilanti Community Utilities Authority, Water Supply System No. 7, Charter Township Ypsilanti, Limited Tax Rev., 4.00%, 4/1/2023		175,000		180,668

Ypsilanti School District, Unlimited Tax Series 2016A, GO, Q-SBLF, 5.00%, 5/1/2023		40,000		41,850

Zeeland Public Schools GO, 5.00%, 5/1/2023		120,000		125,506

Zeeland Public Schools, Unlimited Tax

GO, Q-SBLF, 4.00%, 5/1/2022		50,000		50,279

GO, 5.00%, 5/1/2022		25,000		25,181


Total Michigan				73,253,795


Minnesota — 0.6%

Alexandria Lake Area Sanitation District, Sanitary Sewer Board Series 2015A, GO, 5.00%, 2/1/2023		25,000		25,939

Cass Lake-Bena Independent School District No. 115 Series 2019A, GO, 5.00%, 2/1/2023		10,000		10,362

City of Alexandria Series 2020A, GO, 4.00%, 2/1/2023		50,000		51,377

City of Anoka Series 2020A, GO, 4.00%, 2/1/2023		25,000		25,707

City of Burnsville GO, 4.00%, 12/20/2022		30,000		30,767

City of Chaska Series 2020C, GO, 5.00%, 2/1/2023		20,000		20,727

City of Columbia Heights Series 2017B, GO, 3.00%, 2/1/2023		35,000		35,672

City of Edina Series 2017A, GO, 4.00%, 2/1/2023		50,000		51,433

City of Minneapolis GO, 4.00%, 12/1/2022		45,000		46,089

City of Minneapolis & St. Paul Housing and Redevelopment Authority, Health Care, Allina Health System

Rev., 5.00%, 11/15/2022		100,000		102,953

Rev., 5.00%, 11/15/2023		100,000		106,508

Series 2017A, Rev., 5.00%, 11/15/2023		255,000		271,595

Rev., 5.00%, 11/15/2025		70,000		79,008


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Minnesota — continued

City of Minneapolis, Health Care System, Fairview Health Services Series 2015A, Rev., 5.00%, 11/15/2022		25,000		25,711

City of Minneapolis, Improvement and Various Purpose GO, 4.00%, 12/1/2023		45,000		47,283

City of Minneapolis, University Gateway Project Rev., 4.00%, 12/1/2022		75,000		76,821

City of Moorhead Series 2016B, GO, 5.00%, 2/1/2023		35,000		36,278

City of New Hope, Hennepin County Series 2018A, GO, 4.00%, 2/1/2024		50,000		52,612

City of New Ulm Series 2017B, GO, 2.00%, 12/1/2022		45,000		45,420

City of Red Wing Series 2017A, GO, 3.00%, 2/1/2023		35,000		35,624

City of Redwood Falls Series 2018A, GO, 3.00%, 2/1/2023		20,000		20,384

City of Rochester Series 2015B, GO, 5.00%, 12/1/2023		20,000		21,353

City of Roseville Series 2012A, GO, 4.00%, 3/1/2022		75,000		75,000

City of Sauk Centre GO, 2.00%, 9/1/2022		45,000		45,296

City of St. Cloud, Centracare Health System

Series 2014B, Rev., 5.00%, 5/1/2022		530,000		533,861

Series 2014B, Rev., 5.00%, 5/1/2023		70,000		73,262

Series 2014B, Rev., 5.00%, 5/1/2024		945,000		1,016,432

City of St. Cloud, Infrastructure Management Fund Series 2013A, GO, 3.00%, 2/1/2025		45,000		45,059

City of St. Paul, Capital Improvement Series 2016A, GO, 5.00%, 9/1/2022		25,000		25,536

City of St. Paul, Sales Tax Series 2019C, Rev., 3.00%, 11/1/2023		25,000		25,753

City of St. Paul, Sewer Series 2020D, Rev., 4.00%, 12/1/2022		50,000		51,195

City of St. Paul, Street Improvement, Special Assessment

Series 2016F, GO, 5.00%, 5/1/2022		25,000		25,183

Series 2018B, GO, 5.00%, 5/1/2023		20,000		20,942

City of Wayzata Series 2017A, GO, 3.00%, 12/1/2022		30,000		30,496


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Minnesota — continued

City of West St. Paul Series 2017A, GO, 4.00%, 2/1/2025		30,000		32,198

County of Anoka, Capital Improvement

Series 2017A, GO, 5.00%, 2/1/2023		20,000		20,751

Series 2020A, GO, 5.00%, 2/1/2024		40,000		42,899

County of Blue Earth Series 2015A, GO, 2.00%, 12/1/2022		30,000		30,255

County of Blue Earth, Capital Improvement Series 2018A, GO, 5.00%, 12/1/2022		20,000		20,604

County of Clay Series 2017A, GO, 5.00%, 2/1/2025		50,000		55,252

County of Hennepin

Series 2014A, GO, 5.00%, 12/1/2022		85,000		87,755

Series 2014B, GO, 5.00%, 12/1/2022		125,000		129,051

Series 2016A, GO, 5.00%, 12/1/2022		30,000		30,972

Series 2016C, GO, 5.00%, 12/1/2022		50,000		51,621

Series 2017C, GO, 5.00%, 12/1/2022		140,000		144,537

County of Hennepin, Sales Tax Series 2020C, GO, 5.00%, 12/15/2022		20,000		20,679

County of Martin Series 2021A, GO, 3.00%, 12/15/2023		40,000		41,324

County of Mille Lacs, Drainage Series 2019B, GO, 3.00%, 2/1/2024		45,000		46,398

County of Otter Tail, Capital Improvement Series 2019A, GO, 5.00%, 2/1/2023		55,000		57,045

County of Rice, Shattuck-St. Mary’s School Project Series A, Rev., 5.00%, 8/1/2022 (b) (e)		750,000		763,548

County of Scott, Capital Improvement Series 2014B, GO, 5.00%, 12/1/2022		65,000		67,042

County of Sherburne, Capital Improvement Series 2017A, GO, 3.00%, 2/1/2023		25,000		25,457

County of St. Louis, Capital Improvement

Series 2015C, GO, 3.00%, 12/1/2022		25,000		25,423

Series 2016B, GO, 5.00%, 12/1/2023		35,000		37,354


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Minnesota — continued

County of Wright Series 2019A, COP, 5.00%, 12/1/2022		65,000		67,017

County of Wright, Jail Series 2017A, GO, 4.00%, 12/1/2022		240,000		245,755

Duluth Economic Development Authority, Benedictine Health System Series 2021A, Rev., 3.00%, 7/1/2023		205,000		207,405

Duluth Independent School District No. 709

Series 2016A, COP, 5.00%, 2/1/2023		100,000		103,568

Series 2016A, COP, 5.00%, 2/1/2024		200,000		213,707

Series 2016A, COP, 5.00%, 2/1/2025		400,000		439,842

Edina Independent School District No. 273 Series 2019B, GO, 5.00%, 2/1/2023		55,000		57,070

Farmington Independent School District No. 192, School Building Series 2020A, GO, 5.00%, 2/1/2023		35,000		36,291

Housing and Redevelopment Authority of The City of St. Paul Minnesota, Fairview Health Services Series 2017A, Rev., 5.00%, 11/15/2022		285,000		293,109

Housing and Redevelopment Authority of The City of St. Paul Minnesota, Healthpartners Obligated Group Series 2015A, Rev., 5.00%, 7/1/2022		60,000		60,855

Hutchinson Utilities Commission Series 2017B, Rev., 4.00%, 12/1/2022		25,000		25,588

Jackson County Central Independent School District No. 2895 Series 2020A, GO, 4.00%, 2/1/2023		80,000		82,218

Lake Superior Independent School District No. 381 Series 2016A, GO, 5.00%, 10/1/2022		35,000		35,864

Lakeville Independent School District No. 194 Series 2016A, GO, 5.00%, 2/1/2023		25,000		25,946

Metropolitan Council, Minneapolis St. Paul Metropolitan Area

Series 2012C, GO, 4.00%, 3/1/2022		25,000		25,000

Series 2020D, GO, 5.00%, 3/1/2022		55,000		55,000

Series 2017B, GO, 5.00%, 3/1/2023		35,000		36,441


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Minnesota — continued

Metropolitan Council, Minneapolis St. Paul Metropolitan Area, Wastewater

Series 2012-I, GO, 4.00%, 3/1/2022		140,000		140,000

Series 2016C, GO, 5.00%, 3/1/2022		50,000		50,000

Series 2017C, GO, 5.00%, 3/1/2022		25,000		25,000

Series 2012B, GO, 5.00%, 9/1/2022		150,000		153,156

Series 2012B, GO, 5.00%, 9/1/2022		20,000		20,435

Series 2012E, GO, 5.00%, 9/1/2022		420,000		428,836

Series 2016C, GO, 5.00%, 3/1/2023		30,000		31,235

Minneapolis Special School District No. 1

Series 2020A, COP, 5.00%, 4/1/2023		125,000		130,499

Series 2014D, COP, 5.00%, 2/1/2025		30,000		31,113

Minneapolis-St. Paul Metropolitan Airports Commission

Series B, Rev., 4.00%, 1/1/2023		40,000		40,997

Series 2016C, Rev., 5.00%, 1/1/2023		75,000		77,487

Series 2019C, Rev., 5.00%, 1/1/2023		150,000		154,974

Series B, Rev., 5.00%, 1/1/2023		1,155,000		1,193,302

Series B, Rev., 5.00%, 1/1/2024		85,000		90,693

Series 2014A, Rev., 5.00%, 1/1/2026		20,000		21,302

Minnesota Higher Education Facilities Authority, Carleton College

Rev., 5.00%, 3/1/2022		25,000		25,000

Rev., 5.00%, 3/1/2023		220,000		228,834

Minnesota Higher Education Facilities Authority, Macalester College Series 20158-J, Rev., 5.00%, 3/1/2022		60,000		60,000

Minnesota Higher Education Facilities Authority, St. Olaf College Series 8-G, Rev., 5.00%, 12/1/2022		15,000		15,454

Minnesota Higher Education Facilities Authority, University of St. Thomas Series 2017A, Rev., 3.00%, 10/1/2022		135,000		136,588

Minnesota Housing Finance Agency, Residential Housing Finance Series C, Rev., AMT, GNMA/FNMA/FHLMC, 2.55%, 1/1/2023		5,000		5,015

Minnesota Housing Finance Agency, State Appropriation

Series 2015C, Rev., AMT, 5.00%, 8/1/2022		50,000		50,893


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Minnesota — continued

Series 2019D, Rev., 3.00%, 8/1/2023		130,000		133,186

Minnesota Municipal Power Agency

Rev., 5.00%, 10/1/2022		135,000		138,259

Series 2014A, Rev., 5.00%, 10/1/2022		25,000		25,604

Minnesota Public Facilities Authority

Series 2016B, Rev., 4.00%, 3/1/2022		100,000		100,000

Series 2016A, Rev., 5.00%, 3/1/2022		60,000		60,000

Series 2010A, Rev., 5.00%, 3/1/2023		50,000		52,069

Minnesota State Colleges and Universities Foundation

Rev., 4.00%, 10/1/2022		125,000		127,354

Series 2013A, Rev., 4.00%, 10/1/2022		25,000		25,471

Series 2019A, Rev., 5.00%, 10/1/2023		25,000		26,530

Minnetonka Independent School District No. 276

Series 2019B, GO, 5.00%, 7/1/2022		25,000		25,361

Series E, COP, 3.00%, 10/1/2022		85,000		86,020

Series 2021K, COP, 4.00%, 2/1/2023		65,000		66,730

Series 2021L, COP, 4.00%, 2/1/2023		80,000		82,129

Series 2016F, COP, 5.00%, 2/1/2023 (b)		25,000		25,943

Series 2020A, GO, 3.00%, 3/1/2023		25,000		25,519

Series E, COP, 4.00%, 10/1/2023		115,000		119,909

Monticello Independent School District No. 882, School Building Series 2016A, GO, 2.00%, 2/1/2023		25,000		25,223

Mora Independent School District No. 332 Series 2020A, GO, 4.00%, 2/1/2023		25,000		25,686

Northeastern Metropolitan Intermediate School District No. 916 Series 2015A, COP, 4.00%, 2/1/2023		200,000		205,137

Northern Municipal Power Agency Series 2013A, Rev., 5.00%, 1/1/2024		50,000		51,550

Owatonna Independent School District No. 761 Series 2020A, GO, 4.00%, 2/1/2023		80,000		82,263


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Minnesota — continued

Plymouth Intermediate District No. 287 Series 2016A, COP, 3.00%, 5/1/2022		55,000		55,210

Prior Lake-Savage Independent School District No. 719

Series 2018B, GO, Zero Coupon, 2/1/2023		115,000		113,982

Series 2013C, GO, 4.00%, 2/1/2023		200,000		205,693

Rochester Independent School District No. 535 Series 2014A, COP, 3.00%, 2/1/2024		25,000		25,417

Rosemount-Apple Valley-Eagan Independent School District No. 196 Series 2016A, GO, 5.00%, 2/1/2025		35,000		38,729

Sartell-St Stephen Independent School District No. 748, School Building Series 2016A, GO, 5.00%, 2/1/2023		50,000		51,877

Shakopee Independent School District No. 720 Series 2016A, GO, 5.00%, 2/1/2023		60,000		62,253

South Washington County Independent School District No. 833, School Building

Series 2016B, GO, 5.00%, 2/1/2023		120,000		124,461

Series 2018B, GO, 5.00%, 2/1/2023		35,000		36,301

Southern Minnesota Municipal Power Agency

Series 2015A, Rev., 5.00%, 1/1/2023		125,000		129,082

Series 1994A, Rev., NATL-RE, Zero Coupon, 1/1/2024		50,000		48,708

Southern Minnesota Municipal Power Agency, Badger Coulee Project Series 2019A, Rev., 5.00%, 1/1/2023		100,000		103,265

St. Cloud Independent School District No. 742

Series 2021A, COP, 3.00%, 2/1/2023		150,000		152,631

Series 2021A, COP, 3.00%, 2/1/2024		175,000		180,404

Series 2021A, COP, 3.00%, 2/1/2025		125,000		130,422

St. Francis Independent School District No. 15 Series 2018A, GO, 5.00%, 2/1/2023		35,000		36,295

St. Michael-Albertville Independent School District No. 885, School Building Series 2016A, GO, 5.00%, 2/1/2023		115,000		119,264


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Minnesota — continued

St. Paul Independent School District No. 625

Series 2017D, GO, 5.00%, 2/1/2023		35,000		36,318

Series 2018B, COP, 5.00%, 2/1/2023		25,000		25,941

Series 2019B, COP, 5.00%, 2/1/2023		100,000		103,764

St. Paul Port Authority, Limited Tax Series 2017-1, Rev., 5.00%, 3/1/2022		25,000		25,000

St. Paul Port Authority, State of Minnesota Freeman Office Building Series 2013-2, Rev., 5.00%, 12/1/2022		250,000		257,949

Staples United Hospital District GO, 3.00%, 12/1/2022		40,000		40,626

State of Minnesota

Series 2012B, Rev., 5.00%, 3/1/2022		465,000		465,000

Series A, Rev., 5.00%, 6/1/2022		75,000		75,827

Series 2014A, Rev., 5.00%, 6/1/2023		45,000		47,261

Series 2012B, GO, 2.00%, 8/1/2023		25,000		25,106

Series 2012B, Rev., 5.00%, 3/1/2024		50,000		50,177

Series 2012B, Rev., 5.00%, 3/1/2025		50,000		50,176

Series 2012B, Rev., 4.00%, 3/1/2026		90,000		90,241

State of Minnesota, Tax-Exempt

Series 2012B, Rev., 5.00%, 3/1/2023		100,000		100,331

Series A, Rev., 5.00%, 6/1/2026		70,000		73,392

State of Minnesota, Trunk Highway

Series 2014E, GO, 3.00%, 8/1/2022		20,000		20,199

Series 2014B, GO, 5.00%, 8/1/2022		85,000		86,546

Series 2015B, GO, 5.00%, 8/1/2022		55,000		56,000

Series 2018B, GO, 5.00%, 8/1/2022		90,000		91,637

Series 2021B, GO, 5.00%, 9/1/2022		110,000		112,381

Series 2018B, GO, 5.00%, 8/1/2023		25,000		26,413

State of Minnesota, Various Purpose

Series 2013A, GO, 5.00%, 8/1/2022		20,000		20,364

Series 2014A, GO, 5.00%, 8/1/2022		160,000		162,911

Series 2015A, GO, 5.00%, 8/1/2022		90,000		91,637

Series 2015D, GO, 5.00%, 8/1/2022		50,000		50,910

Series 2016A, GO, 5.00%, 8/1/2022		195,000		198,547

Series 2016D, GO, 5.00%, 8/1/2022		175,000		178,183


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Minnesota — continued

Series 2019A, GO, 5.00%, 8/1/2022		85,000		86,546

Series 2019D, GO, 5.00%, 8/1/2022		25,000		25,455

Series 2021A, GO, 5.00%, 9/1/2022		25,000		25,541

Series 2013D, GO, 5.00%, 10/1/2022		110,000		112,753

Series 2013F, GO, 5.00%, 10/1/2022		50,000		51,252

Series 2017D, GO, 5.00%, 10/1/2022		285,000		292,133

Series 2012A, GO, 5.00%, 8/1/2023		25,000		25,415

Series 2014A, GO, 5.00%, 8/1/2023		10,000		10,565

Series 2015A, GO, 5.00%, 8/1/2023		50,000		52,826

Series 2017A, GO, 5.00%, 10/1/2023		50,000		53,117

Stillwater Independent School District No. 834 Series 2015A, GO, 5.00%, 2/1/2023		60,000		62,259

Three Rivers Park District Series 2015B, GO, 3.00%, 2/1/2023		20,000		20,391

Tri-City United Public Schools Independent School District No. 2905, School Building Series 2018A, GO, 4.00%, 2/1/2025		235,000		252,638

University of Minnesota, State Supported Biomedical Science Research Facilities Funding Program Series 2021A, Rev., 4.00%, 8/1/2022		60,000		60,877

University of Minnesota, State Supported Stadium Debt Series 2015A, Rev., 5.00%, 8/1/2022		20,000		20,375

Waconia Independent School District No. 110 Series 2017C, GO, 4.00%, 2/1/2023		150,000		154,186

Waterville-Elysian-Morristown Independent School District No. 2143, School Building Series 2019A, GO, 5.00%, 2/1/2025		150,000		165,620

West St. Paul-Mendota Heights-Eagan Independent School District No. 197 Series 2021A, GO, 5.00%, 2/1/2023		55,000		57,065

Western Minnesota Municipal Power Agency, Power Supply Series 2014A, Rev., 5.00%, 1/1/2023		105,000		108,562

White Bear Lake Independent School District No. 624 Series 2020A, GO, 4.00%, 2/1/2023		80,000		82,337


Total Minnesota				17,445,979


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Mississippi — 0.3%

Alcorn State University Educational Building Corp. (The), Refinancing Project

Rev., 3.00%, 9/1/2022		130,000		131,434

Rev., 4.00%, 9/1/2023		70,000		72,964

City of Ridgeland GO, 4.00%, 8/1/2024		25,000		26,615

City of Starkville, Water and Sewer System Rev., 4.00%, 5/1/2023		55,000		56,850

Clinton Public School District GO, 3.00%, 6/1/2022		70,000		70,413

County of DeSoto

GO, 5.00%, 7/1/2022		115,000		116,651

GO, 5.00%, 7/1/2023		40,000		42,114

County of Lowndes, Weyerhaeuser Co. Project Series 1992-A, Rev., 6.80%, 4/1/2022		270,000		271,306

County of Madison GO, 2.50%, 5/1/2023		30,000		30,522

County of Madison, Road and Bridge GO, 4.00%, 11/1/2023		50,000		52,352

Jackson State University Educational Building Corp.

Series 2015A, Rev., 5.00%, 3/1/2022		90,000		90,000

Series 2015A, Rev., 5.00%, 3/1/2023		150,000		155,778

Madison County School District GO, 5.00%, 3/1/2024		25,000		26,827

Medical Center Educational Building Corp. Rev., 4.00%, 6/1/2022 (b)		25,000		25,213

Medical Center Educational Building Corp., Capital Improvements and Refinancing Project Rev., 5.00%, 6/1/2022		35,000		35,383

Mississippi Business Finance Corp., Waste Management, Inc. Project Rev., 0.70%, 9/1/2026 (c)		1,250,000		1,170,644

Mississippi Development Bank, Biloxi Project Rev., 5.00%, 11/1/2022		70,000		71,852

Mississippi Development Bank, Department of Corrections Walnut Grove Correctional Facility Refunding Bonds Project

Rev., 5.00%, 8/1/2025		295,000		327,774

Rev., 5.00%, 8/1/2026		35,000		39,822

Mississippi Development Bank, Desoto Highway Construction Rev., 5.00%, 1/1/2023		30,000		31,033


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Mississippi — continued

Mississippi Development Bank, Gulfport School District Bond Project Rev., 5.00%, 4/1/2022		25,000		25,090

Mississippi Development Bank, Highway Construction Project Rev., 5.00%, 1/1/2023		10,000		10,344

Mississippi Development Bank, Hinds Project

Rev., 5.00%, 11/1/2022		25,000		25,667

Rev., 5.00%, 11/1/2023		95,000		100,705

Mississippi Development Bank, Industrial Development Authority Series B, Rev., 5.00%, 1/1/2023		20,000		20,689

Mississippi Development Bank, Jackson Public School District, Limited Tax Refunding Note Project

Series 2015A, Rev., 5.00%, 4/1/2022		150,000		150,539

Rev., 5.00%, 4/1/2023		25,000		26,072

Series 2012B, Rev., 5.00%, 10/1/2023		1,465,000		1,522,192

Series A, Rev., 5.00%, 4/1/2024		475,000		509,935

Series 2015A, Rev., 5.00%, 4/1/2025		90,000		99,455

Mississippi Development Bank, Madison County, Mississippi Highway Refunding Project Series 2013C, Rev., 5.00%, 1/1/2024		20,000		21,377

Mississippi Development Bank, Rankin County Bond Project Rev., 5.00%, 3/1/2023		60,000		62,446

Mississippi Development Bank, Rankin County School District Project

Rev., 5.00%, 6/1/2022		315,000		318,425

Rev., 5.00%, 6/1/2023		60,000		62,969

Rev., 5.00%, 6/1/2024		30,000		32,445

Rev., 5.00%, 6/1/2025		35,000		38,987

Mississippi Development Bank, Special Obligation, Tupelo Project

Rev., 3.00%, 5/1/2022		25,000		25,101

Rev., 5.00%, 11/1/2022		30,000		30,841

Mississippi Development Bank, Starkville Parks and Recreation Bond Project Series 2020B, Rev., 3.00%, 3/1/2022		40,000		40,000

Mississippi Development Bank, Tunica Highway Project 5.00%, 1/1/2023		165,000		170,682


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Mississippi — continued

Mississippi Home Corp., Single Family Mortgage Series A, Rev., GNMA/FNMA/FHLMC COLL, 1.80%, 12/1/2022		30,000		30,179

Mississippi Hospital Equipment and Facilities Authority, Health Services

Rev., 5.00%, 10/1/2023		225,000		238,771

Series 2020-I, Rev., 5.00%, 10/1/2025		140,000		157,690

Mississippi State University Educational Building Corp., New Facilities and Refinancing Project

Rev., 4.00%, 8/1/2022		100,000		101,314

Series 2014A, Rev., 5.00%, 8/1/2023		50,000		52,775

Rankin County School District, Limited Tax

GO, 3.00%, 8/1/2023		75,000		75,113

GO, 5.00%, 8/1/2025		25,000		27,981

State of Mississippi

Series 2015C, GO, 5.00%, 10/1/2022		90,000		92,258

Series 2009F, GO, 5.25%, 10/1/2022		50,000		51,327

Series 2012F, GO, 4.00%, 11/1/2022		250,000		255,453

Series 2012F, GO, 5.00%, 11/1/2022 (b)		50,000		51,408

Series 2012H, GO, 5.00%, 12/1/2022		110,000		113,489

State of Mississippi, Gaming Tax Series 2019A, Rev., 5.00%, 10/15/2022		100,000		102,500

State of Mississippi, Nissan North America Inc., Project Series 2012B, GO, 5.00%, 11/1/2022		20,000		20,568

State of Mississippi, Tax-Exempt

Series 2012H, GO, 3.00%, 12/1/2022 (b)		55,000		55,906

Series 2012H, GO, 3.13%, 12/1/2022 (b)		50,000		50,870

Series 2012H, GO, 4.00%, 12/1/2022 (b)		30,000		30,719

Series 2017A, GO, 5.00%, 10/1/2024		25,000		27,380

University of Mississippi Educational Building Corp., Campus Improvement Project

Series 2015C, Rev., 3.00%, 11/1/2022		25,000		25,375


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Mississippi — continued

Series 2015C, Rev., 5.00%, 11/1/2023		35,000		37,222

University of Mississippi Educational Building Corp., Facilities Refinancing Project

Rev., 3.00%, 10/1/2022		195,000		197,602

Series 2016A, Rev., 5.00%, 10/1/2022		80,000		81,993

Rev., 5.00%, 10/1/2023		270,000		286,394

Rev., 5.00%, 10/1/2024		195,000		212,779

University of Southern Mississippi (The), Educational Building Corp. Series 2015A, Rev., 5.00%, 3/1/2023		35,000		36,348

University of Southern Mississippi Educational Building Corp., Facilities Refinancing Project Rev., 3.00%, 3/1/2023		50,000		50,907

Vicksburg Warren School District, Limited Tax GO, 5.00%, 3/1/2022		35,000		35,000

West Rankin Utility Authority Rev., AGM, 3.00%, 1/1/2023		25,000		25,438


Total Mississippi				8,664,267


Missouri — 1.4%

Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Combine Lien Mass Transit Sales Tax Series 2013A, Rev., 5.00%, 10/1/2022		355,000		363,570

Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Combined Lien

Series 2013A, Rev., 4.38%, 10/1/2022 (b)		25,000		25,531

Series 2013A, Rev., 5.00%, 10/1/2022 (b)		305,000		312,580

Cape Girardeau County Industrial Development Authority, Health Care Facilities

Series 2013A, Rev., 5.00%, 6/1/2033		300,000		303,224

Series 2013A, Rev., 4.00%, 6/1/2043		335,000		337,774

Cape Girardeau School District No. 63 GO, 4.00%, 3/1/2025		25,000		26,954

City of Belton COP, 5.00%, 3/1/2023		100,000		103,893

City of Brentwood COP, 3.00%, 10/1/2022		90,000		91,101


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Missouri — continued

City of Chesterfield COP, 5.00%, 12/1/2023		75,000		79,991

City of Clayton Rev., 5.00%, 12/1/2022		115,000		118,595

City of Columbia, Water and Electric System Rev., 5.00%, 10/1/2022		50,000		51,225

City of Excelsior Springs

Series 2020A, COP, 4.00%, 9/1/2022		125,000		127,023

Series 2020B, COP, 4.00%, 3/1/2023		25,000		25,751

City of Gladstone Series A, COP, 2.00%, 6/1/2022		25,000		25,089

City of Kansas City

Series 2013B, Rev., 4.50%, 8/1/2022 (b)		25,000		25,395

Series 2019A, Rev., 3.00%, 12/1/2022		30,000		30,526

Series 2014A, Rev., 4.00%, 12/1/2022		35,000		35,874

Series 2019A, Rev., 5.00%, 12/1/2022		40,000		41,296

Series 2020A, Rev., 5.00%, 12/1/2022		40,000		41,296

Series 2021A, Rev., 5.00%, 12/1/2022		25,000		25,810

Series 2012A, GO, 5.00%, 2/1/2023		70,000		70,236

Series 2019A, Rev., 5.00%, 12/1/2023		35,000		37,418

Series 2012A, GO, 4.50%, 2/1/2024		190,000		190,548

City of Kansas City, East Village Project Series D, Rev., 5.00%, 4/15/2022		100,000		100,531

City of Kansas City, Sanitary Sewer System

Series 2016A, Rev., 4.00%, 1/1/2023		125,000		128,346

Series 2018A, Rev., 5.00%, 1/1/2023		100,000		103,503

City of Kansas City, Special Obligation

Series 2013B, Rev., 3.25%, 8/1/2022 (b)		150,000		151,589

Series 2013B, Rev., 5.00%, 8/1/2022		95,000		96,688

Series 2017C, Rev., 5.00%, 9/1/2022		525,000		536,098

Series B, Rev., 5.00%, 9/1/2022		135,000		137,854

Series 2009E, Rev., Zero Coupon, 2/1/2023		45,000		44,407


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Missouri — continued

Series E, Rev., Zero Coupon, 2/1/2024		275,000		265,580

City of Kirkwood COP, 3.00%, 9/1/2023		105,000		107,687

City of Mexico, Sewerage System Rev., 3.00%, 7/1/2022		20,000		20,151

City of Sedalia

COP, 4.00%, 7/15/2022		25,000		25,297

COP, 3.00%, 9/15/2022		25,000		25,293

City of Springfield Series 2014A, Rev., 4.00%, 9/1/2022		25,000		25,415

City of Springfield, Public Utility

Rev., 5.00%, 8/1/2022		305,000		310,419

Rev., 5.00%, 8/1/2023		80,000		84,405

City of Springfield, Public Utility, Lease Purchase Agreement

Rev., 5.00%, 9/1/2022		100,000		102,119

Rev., 5.00%, 9/1/2023		50,000		52,904

City of Springfield, Special Obligation Series 2016A, Rev., 2.00%, 5/1/2022		75,000		75,185

City of St. Charles

COP, 4.00%, 4/1/2022		55,000		55,152

Series 2020B, COP, 4.00%, 2/1/2023		100,000		102,782

COP, 5.00%, 4/1/2023		200,000		208,599

City of St. Louis, St. Louis Lambert International Airport Series A, Rev., AGM, 5.00%, 7/1/2022		395,000		400,525

City of St. Peters COP, 4.00%, 5/1/2023		170,000		175,798

City of Washington

COP, 5.00%, 3/1/2022		30,000		30,000

COP, 5.00%, 3/1/2023		320,000		332,165

City of Willard, Combined Waterworks and Sewerage System Project COP, 5.00%, 5/1/2022		30,000		30,211

Columbia School District

GO, 5.00%, 3/1/2022		25,000		25,000

Series 2017B, GO, 5.00%, 3/1/2022		40,000		40,000

GO, 5.00%, 3/1/2023		145,000		150,881

County of Clay

Series 2018A, COP, 4.00%, 5/1/2022 (b)		40,000		40,228

Series 2018A, COP, 4.00%, 5/1/2024 (b)		30,000		31,803

County of Dunklin

Rev., 3.00%, 12/1/2022		200,000		203,038


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Missouri — continued

Rev., 3.00%, 12/1/2023		360,000		370,652

Rev., 3.00%, 12/1/2024		330,000		343,206

Rev., 3.00%, 12/1/2025		250,000		262,466

Rev., 3.00%, 12/1/2026		400,000		422,636

County of Franklin COP, 4.00%, 11/1/2022		20,000		20,405

County of Greene, Capital Projects

COP, 4.00%, 9/1/2022		80,000		81,279

Series 2021A, COP, 4.00%, 3/1/2024		30,000		31,578

County of Jackson, Harry S. Truman Sports Complex Project

Rev., 5.00%, 12/1/2022		135,000		138,901

Rev., 5.00%, 12/1/2024		365,000		394,557

County of Jackson, Special Obligation Rev., 4.00%, 12/1/2023		35,000		36,713

County of St. Louis, Special Obligation Series 2021F, Rev., 5.00%, 12/1/2022		45,000		46,410

Curators of the University of Missouri (The), System Facilities Bonds

Series 2014A, Rev., 5.00%, 11/1/2022 (b)		165,000		169,645

Series A, Rev., 5.00%, 11/1/2022		25,000		25,707

Eureka Fire Protection District GO, 4.00%, 3/1/2022		70,000		70,000

Ferguson Reorganized School District No. R-2, Missouri Direct Deposit Program GO, 4.00%, 5/1/2022		25,000		25,145

Florissant Valley Fire Protection District GO, 3.00%, 3/1/2022		25,000		25,000

Fort Zumwalt School District, Missouri Direct Deposit Program GO, Zero Coupon, 3/1/2022		200,000		200,000

Hazelwood School District

GO, 4.00%, 3/1/2022		50,000		50,000

GO, 5.00%, 3/1/2023		20,000		20,813

Health & Educational Facilities Authority of the State of Missouri, Mercy Health Rev., 3.00%, 11/15/2022		50,000		50,760

Health and Educational Facilities Authority of the State of Missouri, BJC Health System

Series C, Rev., VRDO, LIQ: BJC Health System, 0.19%, 3/9/2022 (c)		13,610,000		13,610,000

Rev., 5.00%, 1/1/2023		105,000		108,652

Series 2021B, Rev., 4.00%, 5/1/2026 (c)		125,000		137,731


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Missouri — continued

Health and Educational Facilities Authority of the State of Missouri, Coxhealth and Obligated Group Series 2013A, Rev., 5.00%, 11/15/2022		245,000		252,059

Health and Educational Facilities Authority of the State of Missouri, Mercy Health Series 2018A, Rev., 5.00%, 6/1/2026		155,000		176,527

Health and Educational Facilities Authority of the State of Missouri, SSM Health Care

Series 2014A, Rev., 5.00%, 6/1/2022		205,000		207,255

Series 2014A, Rev., 5.00%, 6/1/2023		380,000		399,045

Series 2014A, Rev., 5.00%, 6/1/2025		25,000		27,008

Health and Educational Facilities Authority of the State of Missouri, St. Luke’s Health System, Inc.

Rev., 5.00%, 11/15/2022		575,000		591,773

Rev., 5.00%, 11/15/2023		175,000		186,144

Health and Educational Facilities Authority of the State of Missouri, The Children’s Mercy Hospital Rev., 5.00%, 5/15/2022		350,000		353,120

Hickman Mills C-1 School District Series 2020C-1, GO, 4.00%, 3/1/2023		50,000		51,487

Jackson County Reorganized School District No. 7, Lee’s Summit R-7

GO, 3.00%, 3/1/2022 (b)		250,000		250,000

GO, 5.00%, 3/1/2022		25,000		25,000

GO, 4.00%, 3/1/2023		20,000		20,615

GO, 5.00%, 3/1/2023		20,000		20,813

Jasper County Reorganized School District No. R-IX Carthage COP, 2.50%, 4/1/2022		25,000		25,037

Jefferson City School District COP, 4.00%, 4/1/2022		300,000		300,824

Jefferson City School District, Missouri Direct Deposit Program GO, 3.00%, 3/1/2023		35,000		35,719

Joplin Schools, Direct Deposit Program GO, 4.00%, 3/1/2025		100,000		102,964

Kansas City Municipal Assistance Corp., Capital Appreciation Series 2004B-1, Rev., AMBAC, Zero Coupon, 4/15/2022		20,000		19,989


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Missouri — continued

Ladue School District

GO, 4.00%, 3/1/2022		130,000		130,000

GO, 4.00%, 3/1/2023		20,000		20,623

Maplewood-Richmond Heights School District, Capital Appreciation GO, AGM, Zero Coupon, 3/1/2022		100,000		100,000

Metropolitan St. Louis Sewer District, Wastewater System

Series 2012A, Rev., 5.00%, 5/1/2022 (b)		80,000		80,588

Series 2012B, Rev., 5.00%, 5/1/2022 (b)		345,000		347,537

Series 2012B, Rev., 5.00%, 5/1/2022		50,000		50,372

Series 2013B, Rev., 5.00%, 5/1/2022		575,000		579,276

Series 2015B, Rev., 5.00%, 5/1/2022		30,000		30,223

Series 2013B, Rev., 5.00%, 5/1/2023 (b)		260,000		272,240

Series 2012B, Rev., 5.00%, 5/1/2027		30,000		30,210

Series 2012A, Rev., 4.00%, 5/1/2039		650,000		653,142

Missouri Development Finance Board, Cultural Facilities, Nelson-Atkins Museum of Art Series 2012A, Rev., 5.00%, 12/1/2023		120,000		127,683

Missouri Development Finance Board, Fulton State Hospital Project

Rev., 5.00%, 10/1/2022		95,000		97,349

Rev., 5.00%, 10/1/2023		75,000		79,603

Missouri Highway and Transportation Commission Federal Reimbursement

Series 2019A, Rev., 5.00%, 5/1/2022		50,000		50,369

Series 2019A, Rev., 5.00%, 5/1/2023		85,000		89,022

Missouri Highway and Transportation Commission, First Lien Series 2014A, Rev., 5.00%, 5/1/2022		500,000		503,693

Missouri Highway and Transportation Commission, Second Lien Series B, Rev., 5.00%, 5/1/2022		50,000		50,369

Missouri Housing Development Commission, Single Family Mortgage, First Place Homeownership Loan Program Series 2021C, Rev., GNMA/FNMA/FHLMC, 0.35%, 11/1/2023		480,000		473,006


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Missouri — continued

Missouri Joint Municipal Electric Utility Commission Power Supply System, Mopep Facilities Rev., 5.00%, 12/1/2022		300,000		309,333

Missouri Joint Municipal Electric Utility Commission, IATAN 2 Project

Series 2014A, Rev., 5.00%, 1/1/2023		385,000		398,192

Series 2014A, Rev., 5.00%, 1/1/2024		235,000		250,916

Missouri Joint Municipal Electric Utility Commission, Prairie State Project

Series 2015A, Rev., 5.00%, 6/1/2022		35,000		35,381

Series 2015A, Rev., 5.00%, 12/1/2022		105,000		108,267

Series 2015A, Rev., 5.00%, 6/1/2023		355,000		372,610

Series 2015A, Rev., 5.00%, 12/1/2023		175,000		186,393

Series 2015A, Rev., 5.00%, 6/1/2024		150,000		162,365

Series 2015A, Rev., 5.00%, 6/1/2025		305,000		339,539

Missouri State Board of Public Buildings

Series 2016A, Rev., 4.00%, 4/1/2022		75,000		75,215

Series 2015B, Rev., 5.00%, 4/1/2022		85,000		85,312

Series 2017A, Rev., 5.00%, 4/1/2022		40,000		40,147

Series 2014A, Rev., 5.00%, 10/1/2022		135,000		138,371

Series 2015B, Rev., 5.00%, 4/1/2023		25,000		26,105

Series 2014A, Rev., 4.00%, 10/1/2023		95,000		96,632

Rev., 5.00%, 10/1/2023		50,000		53,109

Series 2020B, Rev., 5.00%, 10/1/2023		30,000		31,865

Series 2015B, Rev., 5.00%, 4/1/2024		100,000		107,869

Missouri State Environmental Improvement and Energy Resources Authority, State Revolving Funds Program

Series 2013A, Rev., 5.00%, 7/1/2022		45,000		45,660


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Missouri — continued

Series 2015B, Rev., 5.00%, 7/1/2023		25,000		26,338

Missouri State Environmental Improvement and Energy Resources Authority, Water Pollution Control and Drinking Water

Series 2020A, Rev., 5.00%, 1/1/2023		25,000		25,871

Series 2013A, Rev., 5.00%, 7/1/2024		60,000		63,245

North Kansas City School District No. 74, Direct Deposit Program Series 2016A, GO, 5.00%, 3/1/2022		100,000		100,000

Park Hill School District of Platte County, Missouri Direct Deposit Program

GO, 5.00%, 3/1/2022		50,000		50,000

GO, 5.00%, 3/1/2023		40,000		41,651

Perry County School District No. 32 COP, 2.00%, 4/15/2022		60,000		60,095

Plaza at Noah’s Ark Community Improvement District

Rev., 3.00%, 5/1/2022		125,000		125,161

Rev., 3.00%, 5/1/2023		150,000		150,921

Poplar Bluff R-I School District COP, AGM, 5.00%, 3/1/2022		60,000		60,000

Raytown C-2 School District Series 2018B, COP, 5.00%, 4/1/2022 (b)		35,000		35,123

Republic School District No. R-3, Missouri Direct Deposit Program GO, 4.00%, 3/1/2022		25,000		25,000

Rock Township Ambulance District GO, 4.00%, 3/1/2022		25,000		25,000

School of the Osage Series C, GO, 5.00%, 3/1/2022		25,000		25,000

School of the Osage, School Building Series A, GO, 4.50%, 3/1/2022		25,000		25,000

Shelby County School District No. R-IV COP, 3.00%, 4/15/2022		125,000		125,339

Southeast Missouri State University Rev., 5.00%, 4/1/2022		25,000		25,086

Springfield School District No. R-12 GO, 3.00%, 3/1/2022		135,000		135,000

Springfield School District No. R-12, Missouri Direct Deposit Program

GO, 4.00%, 3/1/2022		30,000		30,000

Series 2014B, GO, 5.00%, 3/1/2023		20,000		20,826


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Missouri — continued

St. Charles Community College GO, 4.00%, 2/15/2023		35,000		36,023

St. Charles County Ambulance District GO, 4.00%, 3/1/2023		40,000		41,247

St. Charles County Francis Howell R-III School District, Missouri Direct Deposit Program GO, 3.00%, 3/1/2022		25,000		25,000

St. Charles County Public Water Supply District No. 2

COP, 5.00%, 12/1/2022		80,000		82,409

Series 2016B, COP, 5.00%, 12/1/2022		30,000		30,904

COP, 3.00%, 12/1/2023		45,000		46,347

St. Charles County School District No. R-IV Wentzville

COP, 5.00%, 4/1/2022		60,000		60,214

COP, 4.00%, 4/1/2023		135,000		139,239

St. Charles County School District No. R-IV Wentzville, Missouri Direct Deposit Program GO, 4.00%, 3/1/2022		60,000		60,000

St. Joseph Industrial Development Authority, Sewer System Improvements Project Series 2015B, Rev., 5.00%, 4/1/2023		20,000		20,856

St. Louis County Industrial Development Authority, Friendship Village Chesterfield Rev., 5.00%, 9/1/2022 (b)		50,000		51,062

St. Louis County Reorganized School District No. R-6 GO, 5.00%, 2/1/2023		160,000		165,993

St. Louis County School District C-2 Parkway Series 2012-A, GO, 5.00%, 3/1/2022		70,000		70,000

St. Louis Junior College District Building Corp. Rev., 3.00%, 4/1/2022		50,000		50,092

St. Louis Municipal Finance Corp., Sales Tax Rev., 5.00%, 2/15/2023		75,000		77,815

St. Louis School District, Missouri Direct Deposit Program

GO, Zero Coupon, 4/1/2022		115,000		114,944

GO, 4.00%, 4/1/2024		100,000		100,256

Tender Option Bond Trust Receipts/Certificates Series 2018-XG0176, Rev., VRDO, LIQ: Royal Bank of Canada, 0.32%, 3/9/2022 (c) (e)		9,500,000		9,500,000


Total Missouri				44,873,631


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Montana — 0.2%

Broadwater County K-12 School District No. 1 Townsend GO, 4.00%, 7/1/2022		50,000		50,553

City of Billings Series 2012A, GO, 3.00%, 7/1/2023		35,000		35,057

Flathead County High School District No. 5 Kalispell GO, 2.00%, 7/1/2022		50,000		50,214

Gallatin County High School District No. 7 Bozeman GO, 4.00%, 6/1/2022		25,000		25,215

Gallatin County School District No. 3 Manhattan GO, 3.00%, 7/1/2022		50,000		50,378

Gallatin County School District No. 44 Belgrade, School Building GO, 5.00%, 6/1/2022		225,000		227,407

Missoula County Elementary School District No. 1, School Building GO, 4.00%, 7/1/2022		25,000		25,280

Montana Facility Finance Authority, Billings Clinic Obligated Group Series 2018C, Rev., (SIFMA Municipal Swap Index Yield + 0.55%), 0.75%, 3/10/2022 (d)		5,195,000		5,198,643

Montana Facility Finance Authority, School Health System Series 2019A, Rev., 5.00%, 1/1/2023		70,000		72,375

Montana State Board of Regents, Montana State University Series 2017D, Rev., 5.00%, 11/15/2022		50,000		51,505

State of Montana Series 2020G, GO, 5.00%, 8/1/2022		25,000		25,456

Yellowstone County School District No. 2 Billings, School Building GO, 5.00%, 6/15/2022		70,000		70,882


Total Montana				5,882,965


Nebraska — 1.4%

Central Plains Energy Project, Gas Project No. 4 Series 2018A, Rev., 5.00%, 1/1/2024 (c)		970,000		1,024,699

Central Plains Energy, Project NEB Gas Rev., 5.00%, 9/1/2022		19,490,000		19,871,474

City of Grand Island, Combined Utility System Series 2020A, Rev., AGM, 4.00%, 8/15/2022		20,000		20,298

City of Lincoln, Electric System

Rev., 3.00%, 9/1/2022 (b)		25,000		25,288

Rev., 5.00%, 9/1/2022 (b)		100,000		102,150

Rev., 5.00%, 9/1/2022		495,000		505,639


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Nebraska — continued

Rev., 2.70%, 9/1/2023		10,000		10,249

City of Lincoln, Sanitary Sewer Rev., 4.00%, 6/15/2022		35,000		35,343

City of Lincoln, Stormwater Drainage and Flood Management System GO, 3.00%, 12/15/2023		40,000		41,338

City of Lincoln, Water Rev., 3.00%, 8/15/2022		25,000		25,266

City of Omaha

Series 2014B, GO, 5.00%, 11/15/2022		100,000		102,989

Series A, GO, 5.00%, 11/15/2022		40,000		41,195

City of Omaha, Convention Center GO, 5.25%, 4/1/2022		60,000		60,232

City of Omaha, Sanitary Sewerage System

Rev., 4.00%, 4/1/2022		25,000		25,072

Series 2020A, Rev., 4.00%, 4/1/2022		20,000		20,057

Rev., 5.00%, 4/1/2022		25,000		25,092

Rev., 3.25%, 11/15/2022 (b)		45,000		45,787

Rev., 4.00%, 11/15/2022 (b)		75,000		76,710

Rev., 5.00%, 11/15/2022 (b)		125,000		128,727

Series 2020A, Rev., 4.00%, 4/1/2023		185,000		191,215

Series 2020A, Rev., 4.00%, 4/1/2025		35,000		37,748

City of Omaha, Various Purpose

Series 2012A, GO, 3.00%, 11/15/2022		50,000		50,795

Series 2012A, GO, 3.25%, 11/15/202 2 (b)		75,000		76,311

County of Douglas, Creighton University Projects

Rev., (SIFMA Municipal Swap Index Yield + 0.53%), 0.73%, 3/10/2022 (d)		8,000,000		8,027,585

Rev., 5.00%, 7/1/2022		205,000		207,902

Douglas County Hospital Authority No. 2, Health Facilities, Nebraska Medicine

Series 2020A, Rev., (SIFMA Municipal Swap Index Yield + 0.50%), 0.70%, 3/10/2022 (d) (e)		5,000,000		5,000,535

Rev., 5.00%, 5/15/2023		25,000		26,206

Douglas County School District No. 17, Millard Public School Series 2015B, GO, 5.00%, 6/15/2022		305,000		308,890


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Nebraska — continued

Douglas County School District No. 59, Bennington Public Schools GO, 3.25%, 6/7/2022 (b)		100,000		100,697

Douglas County School District, Elkhorn Public Schools Series 2019, GO, 5.00%, 12/15/2022		25,000		25,833

Grand Island Electric Department

Rev., 5.00%, 8/15/2022 (b)		50,000		50,988

Rev., 5.00%, 8/15/2023 (b)		50,000		52,881

Metropolitan Community College Area, Fort Omaha Campus Project COP, 5.00%, 3/1/2022		125,000		125,000

Metropolitan Utilities District of Omaha Water System Rev., 5.00%, 12/1/2022		175,000		180,498

Municipal Energy Agency of Nebraska, Power Supply System

Series 2013A, Rev., 4.00%, 4/1/2022		75,000		75,212

Series 2012A, Rev., 5.00%, 4/1/2022		25,000		25,091

Series 2013A, Rev., 5.00%, 4/1/2023		40,000		41,746

Series 2016A, Rev., 5.00%, 4/1/2023		40,000		41,746

Series 2022A, Rev., 5.00%, 4/1/2023		105,000		109,573

Nebraska Cooperative Republican Platte Enhancement Project

Rev., AGM, 4.00%, 5/1/2022 (b)		110,000		110,611

Series 2020A, Rev., 2.00%, 12/15/2022		445,000		448,014

Series 2020A, Rev., 2.00%, 12/15/2023		905,000		914,008

Nebraska Investment Finance Authority, Single Family Housing

Series 2019D, Rev., GNMA/FNMA/FHLMC, 1.50%, 3/1/2022		5,000		5,000

Series 2019A, Rev., GNMA/FNMA/FHLMC, 1.80%, 3/1/2022		10,000		10,000

Series 2020A, Rev., GNMA/FNMA/FHLMC, 0.80%, 9/1/2022		245,000		244,899

Series 2018C, Rev., 2.13%, 9/1/2022		55,000		55,308

Nebraska Public Power District

Series A, Rev., 4.00%, 1/1/2023		10,000		10,263

Series 2021A, Rev., 5.00%, 1/1/2023		1,500,000		1,551,782

Series 2021B, Rev., 5.00%, 1/1/2023		450,000		465,534


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Nebraska — continued

Series B, Rev., 5.00%, 1/1/2023		40,000		41,381

Series C, Rev., 5.00%, 1/1/2023		415,000		429,326

Series 2020A, Rev., 0.60%, 7/1/2023 (c)		640,000		633,848

Series 2021C, Rev., 5.00%, 1/1/2024		100,000		106,980

Series 2012B, Rev., 5.00%, 1/1/2025		140,000		144,571

Series 2021A, Rev., 5.00%, 1/1/2025		525,000		577,951

Series A-1, Rev., 5.00%, 1/1/2025		35,000		38,530

Series 2021A, Rev., 5.00%, 1/1/2027		400,000		465,260

Northeast Community College Area, Limited Tax GO, 3.00%, 7/15/2022		50,000		50,421

Omaha Public Facilities Corp., Library and Parking Projects Series 2016C, Rev., 3.00%, 8/15/2023		100,000		102,750

Omaha Public Facilities Corp., Omaha Baseball Stadium Project Series 2016A, Rev., 5.00%, 6/1/2023		25,000		26,227

Omaha Public Power District Nebraska City Station Unit 2

Series 2015A, Rev., 5.00%, 2/1/2023		55,000		57,039

Series 2016A, Rev., 5.00%, 2/1/2023		20,000		20,742

Omaha Public Power District, Electric System

Series 2016A, Rev., 5.00%, 2/1/2023		30,000		31,124

Series B, Rev., 5.00%, 2/1/2025		125,000		136,193

Omaha-Douglas Public Building Commission, Limited Tax GO, 5.00%, 5/1/2022 (b)		30,000		30,220

Papillion-La Vista School District No. 27

Series 2019B, GO, 3.00%, 12/1/2022		125,000		127,003

Series 2016A, GO, 4.00%, 12/1/2022		25,000		25,586

Series 2020B, GO, 4.00%, 12/1/2022		250,000		255,862

Series 2020B, GO, 4.00%, 12/1/2023		35,000		36,707

Papio-Missouri River Natural Resource District, Nebraska Flood Protection and Water Quality Enhancement

GO, 4.00%, 6/15/2022 (b)		85,000		85,839


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Nebraska — continued

GO, 5.00%, 6/15/2022 (b)		30,000		30,382

Public Power Generation Agency, Whelan Energy Center Unit 2 Series 2015A, Rev., 5.00%, 1/1/2024		55,000		58,601

Scotts Bluff County School District No. 16, Gering Public Schools GO, 5.00%, 5/30/2022 (b)		20,000		20,217

State of Nebraska Series 2020A, COP, 3.00%, 9/1/2023		45,000		46,321

University of Nebraska Facilities Corp.

Series 2017A, Rev., 4.00%, 7/15/2022		205,000		207,597

Rev., 5.00%, 7/15/2022		20,000		20,327

Rev., 5.00%, 7/15/2023		125,000		131,883

University of Nebraska Facilities Corp., University System Facilities, Tax Exempt Series 2019B, Rev., 4.00%, 10/1/2022		35,000		35,674

University of Nebraska Facilities Corp., UNO Community Facilities Series 2013A, Rev., 4.00%, 11/15/2023 (b)		70,000		73,393

University of Nebraska, Kearney Student Housing Project Rev., 3.00%, 7/1/2022 (b)		25,000		25,199

University of Nebraska, OMAHA Student Housing Project Rev., 3.25%, 5/15/2024 (b)		60,000		62,654


Total Nebraska				44,895,284


Nevada — 0.7%

Carson City School District, Limited Tax Series 2019A, GO, 5.00%, 6/1/2023		75,000		78,711

City of Henderson

Series 2013B, GO, 4.00%, 6/1/2022		50,000		50,423

Series 2012A, GO, 5.00%, 6/1/2022		60,000		60,655

Series 2012A, GO, 4.00%, 12/1/2022 (b)		50,000		51,199

Series 2012A, GO, 5.00%, 12/1/2022 (b)		80,000		82,513

Series 2012A, GO, 5.00%, 6/1/2023		25,000		25,747

City of Las Vegas Series 2015C, GO, 5.00%, 9/1/2022		50,000		51,082

City of Las Vegas, City Hall Series 2015C, GO, 5.00%, 9/1/2024		125,000		136,386

City of Las Vegas, Limited Tax

Series 2014A, GO, 5.00%, 5/1/2022		85,000		85,629

Series 2019C, GO, 5.00%, 6/1/2022		50,000		50,554


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Nevada — continued

Clark County School District, Limited Tax

Series 2015B, GO, 5.00%, 6/15/2022		55,000		55,677

Series 2015D, GO, 5.00%, 6/15/2022		25,000		25,308

Series 2016A, GO, 5.00%, 6/15/2022		290,000		293,571

Series 2016B, GO, 5.00%, 6/15/2022		25,000		25,308

Series 2017A, GO, 5.00%, 6/15/2022		545,000		551,712

Series 2017C, GO, 5.00%, 6/15/2022		70,000		70,862

Series 2015C, GO, 5.00%, 6/15/2023		400,000		419,971

Series 2016A, GO, 5.00%, 6/15/2023		50,000		52,496

Series 2016B, GO, 5.00%, 6/15/2023		100,000		104,993

Series 2016D, GO, 5.00%, 6/15/2023		75,000		78,745

Series 2017A, GO, 5.00%, 6/15/2023		350,000		367,475

Series C, GO, 5.00%, 6/15/2023		75,000		78,745

Clark County School District, Limited Tax, Various Purpose Series 2016F, GO, 3.00%, 6/15/2026		100,000		100,134

Clark County Water Reclamation District, Limited Tax

GO, 5.00%, 7/1/2022		370,000		375,437

GO, 5.00%, 7/1/2023		220,000		231,626

County of Clark

GO, 5.00%, 6/1/2022		35,000		35,388

Rev., 5.00%, 7/1/2022		100,000		101,432

GO, 5.00%, 6/1/2023		35,000		36,745

Rev., 5.00%, 7/1/2023		225,000		236,737

County of Clark, Department of Aviation, Nevada Airport System, Las Vegas-McCarran International Airport Passenger Facility Charge Series 2012B, Rev., 5.00%, 7/1/2022		305,000		309,369

County of Clark, Department of Aviation, Nevada Airport System, Subordinate Lien

Series 2019D, Rev., 5.00%, 7/1/2023		1,120,000		1,178,422

Series 2019D, Rev., 5.00%, 7/1/2024		400,000		434,194


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Nevada — continued

Series 2019D, Rev., 5.00%, 7/1/2025		40,000		44,663

Series A-2, Rev., 5.00%, 7/1/2025		125,000		135,234

County of Clark, Department of Aviation, Nevada Airport System, Subordinate Lien, McCarran International Airport Series 2019A, Rev., 5.00%, 7/1/2023		190,000		199,911

County of Clark, Department of Aviation, Subordinate Lien Series 2019D, Rev., 5.00%, 7/1/2022		650,000		659,311

County of Clark, Flood Control, Limited Tax

GO, 5.00%, 11/1/2022		265,000		272,514

GO, 5.00%, 11/1/2023		90,000		95,790

County of Clark, Indexed Fuel Tax and Subordinate Motor Vehicle Fuel Tax Rev., 5.00%, 7/1/2025		710,000		792,772

County of Clark, Las Vegas Convention and Visitors Authority, Limited Tax

Series 2017C, GO, 5.00%, 7/1/2022		35,000		35,513

GO, 5.00%, 7/1/2023		20,000		21,057

Series 2017C, GO, 5.00%, 7/1/2023		85,000		89,492

County of Clark, Limited Tax

GO, 5.00%, 7/1/2022		60,000		60,880

Series 2015A, GO, 5.00%, 7/1/2022		25,000		25,366

Series 2016A, GO, 5.00%, 11/1/2022		125,000		128,544

Series 2016B, GO, 5.00%, 11/1/2022		960,000		987,221

Series 2020B, GO, 5.00%, 11/1/2022		30,000		30,851

Series 2019A, GO, 5.00%, 12/1/2022		170,000		175,380

Series 2015A, GO, 5.00%, 7/1/2023		295,000		310,590

Series 2016B, GO, 5.00%, 11/1/2023		25,000		26,608

Series 2019A, GO, 5.00%, 12/1/2023		75,000		80,031

Series 2016B, GO, 5.00%, 11/1/2024		45,000		49,409

County of Clark, Nevada Highway, Motor Vehicle Fuel Tax

Rev., 5.00%, 7/1/2022		45,000		45,644

Rev., 5.00%, 7/1/2023		695,000		731,253

County of Clark, Nevada Power Co. Rev., 1.65%, 3/31/2023 (c)		350,000		352,065


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Nevada — continued

County of Clark, Park Improvement, Limited Tax GO, 5.00%, 12/1/2024		25,000		27,519

County of Clark, Passenger Facility Charge, Las Vegas-McCarran International Airport Passenger Facility

Series 2015C, Rev., 5.00%, 7/1/2022		300,000		304,297

Series 2019E, Rev., 5.00%, 7/1/2022		1,020,000		1,034,611

Series 2019E, Rev., 5.00%, 7/1/2023		25,000		26,304

County of Clark, Sales and Excise Tax Rev., 5.00%, 7/1/2023		25,000		26,338

County of Clark, Transportation Improvement, Limited Tax

Series 2018B, GO, 5.00%, 12/1/2023		20,000		21,342

Series 2018B, GO, 5.00%, 12/1/2025		35,000		39,607

Series 2019B, GO, 5.00%, 6/1/2026		300,000		343,524

County of Washoe, Fuel Tax Rev., 5.00%, 2/1/2023		35,000		36,314

County of Washoe, Gas and Water Facilities, Sierra Pacific Power Co. Project Series 2016B, Rev., 3.00%, 6/1/2022 (c)		2,650,000		2,663,230

County of Washoe, Limited Tax

Series 2012B, GO, 3.00%, 3/1/2023		125,000		125,000

Series 2012B, GO, 3.00%, 3/1/2025		335,000		335,000

County of Washoe, Limited Tax, Various Purpose Series 2012A, GO, 3.00%, 3/1/2024		50,000		50,000

County of Washoe, Sales Tax Series 2016A, Rev., 5.00%, 12/1/2022		140,000		144,387

Las Vegas Convention and Visitors Authority Rev., 5.00%, 7/1/2022		100,000		101,422

Las Vegas Valley Water District

Series 2012B, GO, 5.00%, 6/1/2022		460,000		465,001

Series 2012B, GO, 5.00%, 6/1/2022		195,000		197,160

Las Vegas Valley Water District, Limited Tax

Series 2015A, GO, 5.00%, 6/1/2022		355,000		358,932

Series 2016B, GO, 5.00%, 6/1/2022		100,000		101,107

Series 2017A, GO, 5.00%, 6/1/2022		235,000		237,603

Series 2018B, GO, 5.00%, 6/1/2022		190,000		192,104

Series 2019B, GO, 5.00%, 6/1/2022		65,000		65,720


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Nevada — continued

Series 2016B, GO, 5.00%, 6/1/2023		20,000		21,010

Series 2019B, GO, 5.00%, 6/1/2023		60,000		63,030

Series C, GO, 5.00%, 9/15/2023		110,000		116,688

Series B, GO, 5.00%, 12/1/2023		60,000		64,079

Las Vegas Valley Water District, Water Improvement, Limited Tax

Series 2016A, GO, 5.00%, 6/1/2022		145,000		146,606

Series 2016A, GO, 5.00%, 6/1/2023		65,000		68,283

Nevada Housing Division, Whittell Pointe Apartments Rev., 0.30%, 10/1/2022 (c)		175,000		174,371

Nevada System of Higher Education

Rev., 4.00%, 7/1/2022		140,000		141,600

Series 2015A, Rev., 4.00%, 7/1/2022		25,000		25,286

Series 2013B, Rev., 5.00%, 7/1/2022		295,000		299,345

Series 2014A, COP, 5.00%, 7/1/2022		150,000		152,128

Series 2020A, COP, 5.00%, 7/1/2022		300,000		304,257

Rev., 5.00%, 7/1/2023		265,000		278,529

Series 2012A, Rev., 5.00%, 7/1/2023		125,000		126,669

Series 2013B, Rev., 5.00%, 7/1/2024		180,000		189,562

State of Nevada Highway Improvement, Motor Vehicle Fuel Tax

Rev., 4.00%, 12/1/2022		125,000		128,026

Rev., 5.00%, 12/1/2022		60,000		61,899

Series 2020A, Rev., 5.00%, 12/1/2022		245,000		252,753

Rev., 5.00%, 12/1/2023		155,000		165,398

State of Nevada, Capital Improvement and Cultural Affairs

Series 2013D-1, GO, 5.00%, 3/1/2022		355,000		355,000

Series 2014A, GO, 5.00%, 4/1/2022		40,000		40,147

GO, 5.00%, 8/1/2022		25,000		25,455

Series 2015B, GO, 5.00%, 11/1/2022		85,000		87,410

Series 2013D-1, GO, 5.00%, 3/1/2023		130,000		135,300

Series 2015B, GO, 5.00%, 11/1/2024		25,000		27,470

Series 2015B, GO, 5.00%, 11/1/2025		20,000		22,264


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Nevada — continued

State of Nevada, Capital Improvement, Limited Tax Series 2017A, GO, 5.00%, 5/1/2022		20,000		20,148

State of Nevada, Historic Preservation Series 2018A, GO, 5.00%, 4/1/2022		40,000		40,147

State of Nevada, Limited Tax

Series 2015D, GO, 5.00%, 4/1/2022		45,000		45,165

GO, 5.00%, 6/1/2022		25,000		25,277

Series 2013B, GO, 4.00%, 8/1/2022		20,000		20,281

Series 2015C, GO, 5.00%, 11/1/2022		25,000		25,709

Series 2015E, GO, 5.00%, 2/1/2023		20,000		20,753

Series 2015D, GO, 5.00%, 4/1/2023		65,000		67,853

State of Nevada, Municipal Bond Bank Project No. 80, Limited Tax Series 2012-A, GO, 4.00%, 11/1/2024		340,000		341,836

State of Nevada, Natural Resources, Limited Tax Series 2012C, GO, 5.00%, 8/1/2022		35,000		35,637

State of Nevada, Open Space Parks and Natural Resources, Limited Tax Series 2012-D, GO, 5.00%, 6/1/2022		85,000		85,941

State of Nevada, Water Pollution Control GO, 5.00%, 8/1/2022		25,000		25,455

Truckee Meadows Water Authority Rev., 5.00%, 7/1/2022		115,000		116,705

Washoe County School District, Limited Tax

GO, 5.00%, 10/1/2022		45,000		46,113

Series 2017D, GO, 5.00%, 6/1/2023		175,000		183,726

Series A, GO, PSF-GTD, 5.00%, 6/1/2023		25,000		26,246


Total Nevada				22,683,424


New Hampshire — 0.1%

Bedford School District Series 2014A, GO, 5.00%, 7/15/2022		55,000		55,897

City of Concord GO, 4.00%, 7/15/2022		40,000		40,501

City of Dover

GO, 5.00%, 6/15/2022		185,000		187,359

Series 2017B, GO, 5.00%, 12/15/2022		50,000		51,658

GO, 5.00%, 6/15/2023		35,000		36,817

City of Keene

GO, AGM, 4.00%, 5/15/2022		20,000		20,141

GO, 4.00%, 11/1/2022		30,000		30,648


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New Hampshire — continued

City of Nashua GO, 5.00%, 9/15/2022		25,000		25,581

County of Rockingham, Municipal Purpose Loan GO, 3.00%, 5/15/2023		30,000		30,746

New Hampshire Health and Education Facilities Authority Act

Rev., 5.00%, 7/1/2022		35,000		35,509

Series 2017A, Rev., 5.00%, 7/1/2023		35,000		36,792

New Hampshire Health and Education Facilities Authority Act, Concord Hospital Series 2013A, Rev., 4.00%, 10/1/2022 (b)		660,000		672,196

New Hampshire Health and Education Facilities Authority Act, Southern New Hampshire University Rev., 5.00%, 1/1/2023 (b)		40,000		41,367

New Hampshire Municipal Bond Bank

Series 2012C, Rev., 4.00%, 8/15/2022		35,000		35,532

Series 2016D, Rev., 4.00%, 8/15/2022		25,000		25,380

Series 2016B, Rev., 5.00%, 8/15/2022		25,000		25,493

Series 2017B, Rev., 5.00%, 8/15/2022		50,000		50,986

Series 2020B, Rev., 5.00%, 8/15/2022		40,000		40,789

Series 2021C, Rev., 5.00%, 8/15/2022		45,000		45,887

Series 2017A, Rev., 5.00%, 2/15/2023		100,000		103,928

New Hampshire State Turnpike System Series 2015A, Rev., 5.00%, 10/1/2022		90,000		92,237

State of New Hampshire

Series 2014A, GO, 5.00%, 3/1/2022		115,000		115,000

Series 2020C, GO, 5.00%, 12/1/2022		35,000		36,129

Series 2014A, GO, 5.00%, 3/1/2023		80,000		83,351

State of New Hampshire, Capital Improvement

Series 2016B, GO, 5.00%, 6/1/2022		50,000		50,564

Series 2018A, GO, 5.00%, 12/1/2022		145,000		149,677

Town of Londonderry

GO, NATL-RE, 4.10%, 7/1/2022		20,000		20,234


Total New Hampshire				2,140,399


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New Jersey — 8.7%

Atlantic County Improvement Authority (The), Atlantic City Campus Phase II Project

Series 2016B, Rev., AGM, GTD, 5.00%, 9/1/2022		45,000		45,922

Series 2016A, Rev., AGM, 5.00%, 7/1/2023		30,000		31,442

Atlantic County Improvement Authority (The), The Egg Harbor Township Golf Corp., Project Rev., AGM, GTD, 5.00%, 11/1/2022		30,000		30,804

Barrington Board of Education GO, 4.00%, 4/1/2023		35,000		36,099

Bergen County Improvement Authority (The), Bergen New Bridge Medical Center Series 2020A, Rev., GTD, 3.00%, 8/15/2022		750,000		757,005

Bergen County Improvement Authority (The), Englewood Board of Education Rev., GTD, 5.00%, 4/1/2022		50,000		50,185

Bergen County Improvement Authority (The), Guaranteed Fort Lee Board of Education

Rev., GTD, 5.00%, 8/15/2022		25,000		25,495

Rev., GTD, 4.00%, 12/1/2022 (b)		45,000		46,079

Rev., GTD, 5.00%, 12/1/2022		75,000		77,374

Bergen County Improvement Authority (The), Guaranteed Governmental Loan

Series 2016C, Rev., GTD, 4.00%, 8/15/2022		55,000		55,849

Rev., GTD, 5.00%, 10/15/2022		30,000		30,797

Bergen County Improvement Authority (The), Saddle Brook Project

Rev., GTD, 5.00%, 8/1/2022		30,000		30,549

Rev., GTD, 5.00%, 9/1/2022		35,000		35,758

Bernards Township School District Series 2013B, GO, 5.00%, 1/1/2023		50,000		51,726

Borough of Alpine GO, BAN, 2.00%, 11/16/2022		2,325,311		2,340,080

Borough of Avalon GO, 4.00%, 5/15/2022		25,000		25,177

Borough of Bloomingdale GO, BAN, 2.00%, 2/22/2023		8,676,000		8,747,900

Borough of Chatham GO, BAN, 1.25%, 5/20/2022		3,649,000		3,651,855

Borough of Cliffside Park GO, BAN, 1.25%, 9/30/2022		5,510,000		5,519,115


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New Jersey — continued

Borough of Cresskill GO, 2.00%, 3/1/2022		20,000		20,000

Borough of Dumont GO, 2.50%, 5/15/2022		50,000		50,198

Borough of Englewood Cliffs GO, BAN, 2.00%, 2/17/2023		5,945,049		5,991,436

Borough of Fair Haven GO, 4.00%, 10/1/2022		25,000		25,462

Borough of Flemington GO, BAN, 1.50%, 10/27/2022		5,984,000		6,002,790

Borough of Frenchtown GO, BAN, 1.50%, 10/21/2022		1,285,183		1,288,670

Borough of Haddonfield GO, BAN, 2.00%, 2/17/2023		11,038,750		11,126,998

Borough of Haledon GO, 2.00%, 10/15/2022		45,000		45,269

Borough of Harrington Park GO, BAN, 1.50%, 5/18/2022		3,830,000		3,834,989

Borough of Haworth GO, BAN, 1.50%, 11/10/2022		2,436,000		2,442,840

Borough of Hawthorne GO, BAN, 1.50%, 9/9/2022		2,696,500		2,703,038

Borough of Hightstown GO, 5.00%, 4/1/2022		50,000		50,176

Borough of Kinnelon GO, BAN, 1.50%, 9/30/2022		1,304,000		1,307,662

Borough of Lakehurst GO, 2.50%, 12/1/2022		40,000		40,366

Borough of Metuchen GO, 2.25%, 9/1/2022		145,000		146,090

Borough of Morris Plains GO, BAN, 1.50%, 12/9/2022		1,415,880		1,420,020

Borough of Oakland, General Improvement GO, 3.00%, 12/1/2022		25,000		25,410

Borough of Ogdensburg GO, BAN, 1.50%, 10/28/2022		1,239,000		1,242,737

Borough of Palisades Park GO, BAN, 1.50%, 3/18/2022		4,268,000		4,269,417

Borough of Paramus GO, BAN, 1.50%, 10/14/2022		14,409,000		14,451,920

Borough of Pitman Series A, GO, BAN, 1.50%, 12/13/2022		4,287,927		4,301,863

Borough of Point Pleasant, General Improvement GO, 4.00%, 7/15/2022		20,000		20,249

Borough of Ramsey, Water and Sewer Utilities GO, BAN, 1.25%, 6/3/2022		11,360,000		11,369,605


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New Jersey — continued

Borough of Ringwood GO, BAN, 1.50%, 4/8/2022		5,650,223		5,654,201

Borough of Rutherford GO, 3.00%, 11/1/2022		65,000		65,962

Borough of Seaside Heights

GO, 4.00%, 8/15/2022		80,000		81,103

GO, AGM, 2.75%, 12/1/2022		25,000		25,337

Borough of Somerdale GO, 2.00%, 5/1/2022		20,000		20,045

Borough of South Bound Brook, General Improvement GO, 3.00%, 8/15/2022		30,000		30,317

Borough of South Plainfield, General Improvement GO, 4.00%, 4/1/2022		100,000		100,279

Borough of South River, General Improvement

GO, 3.00%, 12/1/2022		55,000		55,881

GO, 4.00%, 12/1/2022		65,000		66,524

Borough of Spotswood, Water and Sewer Utilities GO, 2.25%, 12/1/2022		25,000		25,261

Borough of Waldwick GO, 2.00%, 11/1/2022		50,000		50,360

Borough of Woodbury Heights GO, 2.00%, 7/15/2022		25,000		25,126

Brick Township Board of Education GO, 4.00%, 1/1/2025		35,000		37,501

Brick Township Municipal Utilities Authority (The) Series 2016A, Rev., GTD, 5.00%, 12/1/2022		40,000		41,235

Bridgewater-Raritan Regional School District GO, 4.50%, 5/1/2022		90,000		90,585

Burlington County Bridge Commission, Governmental Leasing Program

Rev., 5.00%, 4/15/2022		25,000		25,134

Rev., 5.00%, 10/1/2022		95,000		97,355

Series 2014A, Rev., GTD, 5.00%, 12/1/2022		20,000		20,627

Rev., 5.00%, 4/15/2023		25,000		26,130

Series 2020C-1, Rev., 4.00%, 11/15/2023		75,000		78,646

Burlington County Bridge Commission, Governmental Loan Program

Rev., GTD, 5.00%, 8/1/2022		25,000		25,451

Rev., GTD, 5.00%, 12/1/2022		240,000		247,521

Series 2013A, Rev., GTD, 5.00%, 12/1/2023		80,000		82,362


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New Jersey — continued

Burlington County Bridge Commission, Guaranteed Bridge System Rev., GTD, 5.00%, 10/1/2022		135,000		138,347

Burlington Township Board of Education GO, 1.75%, 7/15/2022		70,000		70,278

Camden County Improvement Authority (The)

Rev., GTD, 2.38%, 6/1/2022		30,000		30,127

Series 2015A, Rev., GTD, 5.00%, 9/1/2022		25,000		25,530

Rev., GTD, 5.00%, 1/15/2023		100,000		103,544

Series A, Rev., GTD, 5.00%, 1/15/2023		40,000		41,418

Series 2012A, Rev., GTD, 2.25%, 6/1/2023		75,000		75,216

Series 2017B, Rev., GTD, 4.00%, 1/15/2024		25,000		26,272

Series 2015A, Rev., GTD, 5.00%, 9/1/2024		25,000		27,251

Camden County Improvement Authority (The), Camden County College Project Rev., GTD, 5.00%, 1/15/2023		50,000		51,772

Camden County Improvement Authority (The), City Hall Project

Rev., GTD, 5.00%, 12/1/2022		75,000		77,322

Rev., GTD, 5.00%, 12/1/2025		30,000		33,902

Camden County Improvement Authority (The), Open Space Preservation Trust Fund Rev., GTD, 5.00%, 6/1/2023		50,000		50,489

Cape May County Bridge Commission Rev., GTD, 3.00%, 6/1/2022 (b)		25,000		25,151

Carlstadt School District GO, 5.00%, 5/1/2022		30,000		30,220

Chathams District Board of Education Series 2014A, GO, 5.00%, 7/15/2022		45,000		45,734

City of Brigantine GO, 4.00%, 10/15/2022		25,000		25,503

City of Clifton

GO, 5.00%, 8/15/2022		25,000		25,491

GO, 4.00%, 10/15/2022		70,000		71,411

GO, 3.00%, 10/15/2023		20,000		20,238

City of Elizabeth

GO, AGM, 2.50%, 4/1/2022		25,000		25,041

GO, AGM, 2.50%, 4/1/2023		25,000		25,424

GO, 3.00%, 4/1/2023		25,000		25,547

City of Elizabeth, General Improvement

GO, AGM, 3.00%, 4/1/2022		25,000		25,051


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New Jersey — continued

GO, 4.00%, 8/15/2022		50,000		50,753

City of Elizabeth, Improvement and Sewer Utility GO, 3.00%, 4/1/2022		50,000		50,102

City of Englewood GO, 3.00%, 2/1/2023		115,000		117,187

City of Hoboken, Packaging Utility GO, 5.00%, 1/1/2023		25,000		25,872

City of Jersey City Series 2017A, GO, 4.00%, 11/1/2022		100,000		102,141

City of Lambertville GO, 5.00%, 3/1/2022		35,000		35,000

City of Long Branch Series 2020A, GO, 5.00%, 9/15/2025		30,000		33,616

City of New Brunswick GO, 4.00%, 3/15/2023		40,000		41,294

City of New Brunswick, Redevelopment Area, Cultural Center Project GO, AGM, 4.00%, 9/15/2022		34,000		34,608

City of Ocean City, General Improvement

Series 2020A&B, GO, 3.00%, 10/15/2022		25,000		25,356

GO, 4.00%, 12/15/2022		50,000		51,271

GO, 4.00%, 9/15/2023		120,000		125,377

Series 2020A&B, GO, 4.00%, 10/15/2023		50,000		52,341

GO, 4.00%, 9/15/2025		40,000		43,679

City of Orange Township GO, 4.00%, 12/1/2022		25,000		25,563

City of Perth Amboy GO, AGM, 3.13%, 3/15/2022 (b)		25,000		25,023

City of Plainfield, General Improvement GO, 4.00%, 8/15/2022		60,000		60,874

City of Rahway

GO, 4.00%, 4/15/2022		25,000		25,100

GO, 4.00%, 4/15/2023		100,000		103,238

GO, 4.00%, 8/1/2023		25,000		26,027

GO, 4.00%, 10/1/2023		25,000		26,127

City of Sea Isle City

GO, 3.00%, 9/1/2022		20,000		20,225

GO, 3.00%, 9/1/2023		45,000		46,260

City of Summit GO, 5.00%, 11/1/2022		20,000		20,568

City of Trenton GO, AGM, 4.00%, 7/15/2022		50,000		50,577

City of Vineland GO, 5.00%, 7/15/2022		25,000		25,396

City of Wildwood GO, 4.00%, 5/1/2022		20,000		20,112

Clifton Board of Education GO, 4.00%, 3/1/2022		50,000		50,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New Jersey — continued

County of Atlantic

GO, 3.00%, 4/1/2022		110,000		110,218

GO, 0.50%, 6/1/2024		1,805,000		1,741,886

County of Atlantic, State Aid College GO, 0.05%, 6/1/2022		580,000		579,049

County of Atlantic, Vocational School GO, 4.00%, 10/1/2023		25,000		26,127

County of Bergen

GO, 5.00%, 10/15/2022		65,000		66,720

GO, 3.00%, 11/1/2022		50,000		50,750

GO, 3.00%, 1/15/2023		75,000		76,395

County of Burlington

Series 2017A, GO, 3.00%, 7/15/2022		25,000		25,220

Series 2019A, GO, 2.00%, 5/1/2023		100,000		101,220

County of Burlington, General Improvement Series 2016A-1, GO, 4.00%, 9/1/2022		155,000		157,555

County of Cumberland, General Improvement GO, 4.00%, 8/15/2022		40,000		40,606

County of Essex

Series AC, GO, 5.00%, 3/1/2022		50,000		50,000

Series B, GO, 5.00%, 3/1/2022		25,000		25,000

Series A, GO, 2.00%, 9/1/2022		25,000		25,168

Series A, GO, 4.00%, 9/1/2022		20,000		20,333

GO, 5.00%, 9/1/2022		35,000		35,756

Series AC, GO, 5.00%, 3/1/2023		25,000		26,027

Series B, GO, 5.00%, 3/1/2023		50,000		52,053

GO, 3.00%, 8/1/2023		25,000		25,709

Series A, GO, 4.00%, 9/1/2023		20,000		20,890

County of Essex, Vocational School Bonds Series 2017B, GO, 5.00%, 9/1/2022		125,000		127,699

County of Gloucester

Series 2019A, GO, 5.00%, 9/15/2022		65,000		66,485

Series 2017B, GO, 4.00%, 10/15/2022		90,000		91,798

GO, 3.00%, 3/1/2023		25,000		25,501

County of Hudson

GO, 5.00%, 7/1/2022		35,000		35,508

Series A, GO, 5.00%, 7/1/2022		25,000		25,363

Series B, GO, 5.00%, 7/1/2022		50,000		50,726

GO, 5.00%, 12/1/2022		215,000		221,738

GO, 4.00%, 2/15/2023		50,000		51,481


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New Jersey — continued

GO, 5.00%, 12/1/2023		25,000		26,659

Series B, GO, 4.00%, 7/1/2025		40,000		43,462

County of Mercer, County College GO, 4.00%, 6/1/2022		25,000		25,213

County of Middlesex

Series 2019A, GO, 4.00%, 11/15/2022		20,000		20,458

GO, 3.00%, 1/15/2023		15,000		15,285

GO, 4.00%, 1/15/2023		20,000		20,554

County of Middlesex, Civic Square II Redevelopment Associates LLC COP, 4.00%, 6/15/2023		25,000		25,946

County of Middlesex, Civic Square III Redevelopment Associates LLC COP, 4.00%, 6/15/2023		100,000		103,785

County of Middlesex, Civic Square III Redevelopment Associates, LLC COP, 4.00%, 6/15/2022		100,000		100,961

County of Middlesex, Civic Square IV Redevelopment Associates LLC COP, 5.00%, 10/15/2022		50,000		51,298

County of Middlesex, Vocational Technical School GO, 3.00%, 6/1/2022		30,000		30,184

County of Monmouth GO, 5.00%, 7/15/2023		25,000		26,359

County of Monmouth, Various Purpose

GO, 4.00%, 3/1/2022		75,000		75,000

Series 2015C, GO, 5.00%, 7/15/2022		290,000		294,687

County of Morris

GO, 4.00%, 10/15/2022		25,000		25,511

GO, 4.00%, 2/1/2023		25,000		25,723

County of Ocean

Series 2015A, GO, 4.00%, 8/1/2022		75,000		76,055

GO, 5.00%, 8/1/2022		125,000		127,274

County of Ocean, General Improvement

GO, 4.00%, 9/1/2022		45,000		45,751

GO, 5.00%, 10/1/2022		45,000		46,126

County of Passaic

Series 2015A, GO, 4.00%, 12/1/2022		20,000		20,483

Series 2016A, GO, 4.00%, 12/1/2022		125,000		128,016

County of Passaic, Consisting of General Improvement and College GO, 5.00%, 4/1/2023		25,000		26,094


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New Jersey — continued

County of Passaic, Vocational School Series 2018B, GO, 4.00%, 12/1/2024		165,000		176,719

County of Somerset

GO, 4.00%, 7/15/2022		145,000		146,799

GO, 3.00%, 8/1/2022		25,000		25,242

GO, BAN, 1.00%, 9/7/2022		75,000		75,030

County of Somerset, General Improvement Series 2013A/B, GO, 2.50%, 10/1/2022		100,000		100,981

County of Sussex GO, 4.00%, 9/1/2022		25,000		25,407

County of Sussex, Vocational Technical School

GO, 2.00%, 6/15/2022		125,000		125,495

GO, 4.00%, 6/1/2023		60,000		62,227

County of Union

GO, BAN, 1.00%, 6/17/2022		290,000		290,244

Series B, GO, 3.00%, 3/1/2023		40,000		40,069

County of Union, Vocational Technical School

GO, 3.00%, 3/1/2022		45,000		45,000

GO, 5.00%, 3/1/2022		40,000		40,000

GO, 5.00%, 3/1/2023		45,000		46,853

Cumberland County Improvement Authority (The), County Correctional Facility Project Rev., GTD, 5.00%, 10/1/2022		20,000		20,497

Dover Board of Education GO, 4.00%, 4/1/2022		50,000		50,137

East Brunswick Township Board of Education GO, 5.00%, 11/1/2022		20,000		20,566

Egg Harbor Township School District

GO, AGM, 5.50%, 7/15/2022		45,000		45,810

GO, 5.00%, 9/15/2022		65,000		66,496

Essex County Improvement Authority

Rev., AMBAC, GTD, 5.25%, 12/15/2022		420,000		434,777

Series 2006, Rev., AMBAC, GTD, 5.25%, 12/15/2022		205,000		212,213

Essex County Improvement Authority, County Guaranteed Project Rev., GTD, 5.00%, 10/1/2022		50,000		51,254

Fair Lawn Board of Education GO, 3.13%, 9/1/2022		20,000		20,245

Flemington Raritan Regional Board of Education GO, 4.00%, 6/15/2022		80,000		80,792

Franklin Township Board of Education GO, 3.00%, 2/1/2023 (b)		160,000		163,087


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New Jersey — continued

Freehold Township Board of Education

GO, 5.00%, 7/15/2022		50,000		50,797

GO, 5.00%, 2/15/2023		20,000		20,770

GO, 5.00%, 7/15/2023		25,000		25,362

Garden State Preservation Trust, Open Space and Farmland Preservation

Series 2003B, Rev., AGM, Zero Coupon, 11/1/2022		105,000		104,218

Series 2012A, Rev., 5.00%, 11/1/2022		195,000		199,803

Gloucester County Improvement Authority (The)

Series 2011A, Rev., GTD, 5.00%, 7/15/2023		20,000		21,070

Series 2013A, Rev., GTD, 5.00%, 9/1/2023		40,000		41,547

Series 2013A, Rev., GTD, 5.00%, 9/1/2024		15,000		15,592

Gloucester County Improvement Authority (The), County Capital Program Rev., GTD, 5.00%, 4/1/2022		25,000		25,091

Gloucester County Improvement Authority (The), GCSSSD/GCVTSD Project Rev., 4.00%, 5/15/2023		35,000		36,276

Gloucester County Improvement Authority (The), Shady Lane Nursing Home Project Rev., GTD, 4.00%, 12/1/2022		480,000		490,710

Gloucester County Improvement Authority (The),Rowan University Project Series B, Rev., 5.00%, 7/1/2022		75,000		76,049

Greater Egg Harbor Regional High School District GO, AGM, 3.25%, 7/15/2022		75,000		75,709

Green Brook Township School District GO, 3.50%, 5/15/2023		80,000		80,406

Hainesport Township School District GO, 5.00%, 1/15/2024		35,000		37,419

Highland Park School District GO, 4.50%, 3/1/2022 (b)		35,000		35,000

Hillsborough Township School District GO, 2.00%, 7/15/2022		220,000		221,051

Holmdel Township School District GO, 4.00%, 3/15/2023		25,000		25,796

Hopewell Valley Regional School District GO, 3.25%, 1/15/2025		25,000		26,174


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New Jersey — continued

Hudson County Improvement Authority, Capital Appreciation Series 2006A-1, Rev., GTD, NATL-RE, Zero Coupon, 12/15/2022		150,000		148,885

Hudson County Improvement Authority, County Secured, Vocational-Technical Schools Project

Rev., 5.00%, 5/1/2022		35,000		35,254

Rev., 5.00%, 5/1/2023		270,000		282,420

Rev., 5.00%, 5/1/2024		65,000		70,131

Hudson County Improvement Authority, Courthouse Project Rev., 4.00%, 10/1/2025		40,000		43,588

Hudson County Improvement Authority, Guttenberg Project

Rev., GTD, 5.00%, 8/1/2022		25,000		25,445

Rev., GTD, 5.00%, 8/1/2023		50,000		52,746

Jackson Township School District GO, 5.00%, 6/15/2025		50,000		55,587

Jefferson Township School District GO, 4.00%, 9/15/2022 (b)		50,000		50,891

Jersey City Municipal Utilities Authority, Water Project Notes Rev., 3.00%, 7/1/2022		210,000		211,526

Kingsway Regional School District

GO, 3.00%, 3/1/2022		50,000		50,000

GO, 4.00%, 3/1/2023		50,000		51,487

Lenape Regional High School District

GO, 5.00%, 4/1/2022		30,000		30,110

GO, 5.00%, 3/15/2023		20,000		20,842

Leonia Board of Education GO, 4.00%, 7/15/2022		140,000		141,742

Livingston Township School District GO, 5.00%, 7/15/2022		25,000		25,407

Logan Township School District GO, 2.00%, 3/15/2022		30,000		30,017

Lumberton Township School District GO, 2.00%, 7/15/2022		60,000		60,282

Mainland Regional High School District GO, 4.00%, 10/15/2022		25,000		25,487

Medford Township Board of Education GO, 5.00%, 3/1/2022		160,000		160,000

Mercer County Improvement Authority (The) Series A, Rev., GTD, 5.00%, 11/1/2022		70,000		71,961

Middlesex County Improvement Authority, Capital Equipment and Improvement Rev., GTD, 2.00%, 9/15/2022		125,000		125,900


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New Jersey — continued

Middlesex County Improvement Authority, Educational Services Commission of New Jersey Project Rev., GTD, 5.00%, 7/15/2022		25,000		25,408

Middlesex County Improvement Authority, Open Space Trust Fund Rev., GTD, 4.00%, 12/15/2022		65,000		66,646

Middlesex County Improvement Authority, Perth Amboy Franchise Acquisit Series 1999B, Rev., AMBAC, GTD, Zero Coupon, 9/1/2022		135,000		134,357

Middletown Township Board of Education

GO, 5.00%, 8/1/2022		25,000		25,439

GO, 2.25%, 8/1/2024		720,000		728,295

Millburn Township Board of Education GO, 3.50%, 8/1/2022		30,000		30,354

Millstone Township School District GO, 4.00%, 7/15/2022		85,000		86,042

Monmouth County Improvement Authority (The), Brookdale Community College Rev., GTD, 5.00%, 8/1/2023		50,000		52,811

Monmouth County Improvement Authority (The), Governmental Pooled Loan Project

Series 2017B, Rev., GTD, 5.00%, 7/15/2022		30,000		30,490

Series 2016B, Rev., GTD, 4.00%, 8/1/2022		105,000		106,481

Rev., GTD, 5.00%, 12/1/2022		370,000		381,737

Series 2019B, Rev., GTD, 5.00%, 12/1/2022		50,000		51,586

Monroe Township Board of Education

GO, 5.00%, 3/1/2022		105,000		105,000

GO, 4.00%, 8/1/2022		95,000		96,316

GO, 5.00%, 3/1/2024		25,000		26,801

Montgomery Township Board of Education

GO, 5.00%, 4/1/2022		60,000		60,220

GO, 5.00%, 8/1/2022		20,000		20,363

Moorestown Township School District GO, 5.00%, 1/1/2023		55,000		56,847

Morris County Improvement Authority Rev., GTD, 4.00%, 5/1/2022		125,000		125,719

Morris County Improvement Authority, Guaranteed Loan Lincoln Park Refunding Project Rev., GTD, 4.00%, 3/15/2022		25,000		25,032


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New Jersey — continued

Morris County Improvement Authority, Morris Hills Regional District Project Rev., GTD, 5.00%, 10/1/2022 (b)		100,000		102,485

Morris County Improvement Authority, Rockaway Borough Board of Education Project Rev., GTD, 5.00%, 12/1/2022		100,000		103,157

Morris Plains School District GO, 3.00%, 7/15/2022		70,000		70,608

Mount Olive Township Board of Education

GO, 4.00%, 7/15/2022		140,000		141,758

GO, 4.00%, 7/15/2023		20,000		20,799

Mountainside School District GO, 3.00%, 8/15/2022		30,000		30,321

New Brunswick Parking Authority, Tax-Exempt

Series 2020B, Rev., GTD, 5.00%, 9/1/2022		475,000		484,633

Series 2020B, Rev., GTD, 5.00%, 9/1/2023		335,000		353,118

New Jersey Building Authority Series 2013A, Rev., 5.00%, 6/15/2022		525,000		531,297

New Jersey Economic Development Authority, Capital Appreciation, Barnabas Health Series 1997A, Rev., NATL-RE, Zero Coupon, 7/1/2022 (b)		130,000		129,631

New Jersey Economic Development Authority, Cigarette Tax

Rev., AGM, 4.00%, 6/15/2022 (b)		50,000		50,494

Rev., 5.00%, 6/15/2022 (b)		1,730,000		1,751,769

Rev., 5.00%, 6/15/2022 (b)		225,000		227,831

Rev., AGM, 5.00%, 6/15/2022 (b)		20,000		20,254

New Jersey Economic Development Authority, College Avenue Redevelopment Project

Rev., 5.00%, 6/15/2022		120,000		121,499

Rev., 5.00%, 6/15/2023 (b)		225,000		236,477

New Jersey Economic Development Authority, Motor Vehicle Surcharges Series 2017A, Rev., 5.00%, 7/1/2023		50,000		52,458

New Jersey Economic Development Authority, School Facilities Construction

Series 2012-II, Rev., 5.00%, 3/1/2022		890,000		890,000

Series 2013NN, Rev., 5.00%, 3/1/2022		515,000		515,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New Jersey — continued

Series II, Rev., 5.00%, 3/1/2022		160,000		160,000

Series KK, Rev., 5.00%, 3/1/2022		50,000		50,000

Series 2021QQQ, Rev., 5.00%, 6/15/2022		120,000		121,439

Series XX, Rev., 5.00%, 6/15/2022		50,000		50,600

Series KK, Rev., 5.00%, 9/1/2022 (b)		40,000		40,860

Series 2013 NN, Rev., 5.00%, 3/1/2023		200,000		207,582

Series 2013NN, Rev., 5.00%, 3/1/2023 (b)		30,000		31,226

Series 2021QQQ, Rev., 5.00%, 6/15/2023		165,000		172,868

Series XX, Rev., 5.00%, 6/15/2023		115,000		120,484

Series 2012-II, Rev., 3.00%, 3/1/2024		350,000		350,333

Series NN, Rev., 5.00%, 3/1/2024		325,000		336,210

Series 2005N1, Rev., AMBAC, 5.50%, 9/1/2024		1,375,000		1,505,118

Series 2012-II, Rev., 5.00%, 3/1/2025		220,000		220,541

Series NN, Rev., 5.00%, 3/1/2025		460,000		475,734

Series 2005N1, Rev., AGM, 5.50%, 9/1/2025		75,000		84,910

Series NN, Rev., 5.00%, 3/1/2026		430,000		444,544

Series 2013NN, Rev., 4.00%, 3/1/2027		25,000		25,564

New Jersey Economic Development Authority, State Government Buildings Project Series 2018C, Rev., 4.00%, 6/15/2022		20,000		20,183

New Jersey Economic Development Authority, State Police Barracks Project Rev., 5.00%, 6/15/2022		165,000		166,979

New Jersey Economic Development Authority, Transit Corporation Projects

Series B, Rev., 5.00%, 11/1/2022		90,000		92,357

Series B, Rev., 5.00%, 11/1/2023		275,000		291,420

New Jersey Educational Facilities Authority

Series 2014A, Rev., 5.00%, 6/1/2022		70,000		70,729

Series 2016F, Rev., 5.00%, 7/1/2022 (b)		35,000		35,510

New Jersey Educational Facilities Authority, College of New Jersey Rev., 5.00%, 7/1/2022 (b)		350,000		355,096


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New Jersey — continued

New Jersey Educational Facilities Authority, Higher Education Facilities Trust Fund Rev., 5.00%, 6/15/2022		115,000		116,379

New Jersey Educational Facilities Authority, Kean University Series 2015H, Rev., 5.00%, 7/1/2022		25,000		25,354

New Jersey Educational Facilities Authority, Montclair State University

Series 2014A, Rev., 5.00%, 7/1/2022		20,000		20,280

Series 2016B, Rev., 5.00%, 7/1/2022		25,000		25,349

New Jersey Educational Facilities Authority, Princeton University

Series 2015A, Rev., 5.00%, 7/1/2022		60,000		60,880

Series 2016A, Rev., 5.00%, 7/1/2022		20,000		20,293

Series 2017B, Rev., 5.00%, 7/1/2022		155,000		157,273

Series 2021C, Rev., 5.00%, 3/1/2023		20,000		20,823

Series 2017B, Rev., 5.00%, 7/1/2023		25,000		26,338

New Jersey Educational Facilities Authority, Ramapo College

Series 2015B, Rev., AGM, 4.00%, 7/1/2023		10,000		10,379

Series 2017A, Rev., AGM, 5.00%, 7/1/2023		100,000		105,107

New Jersey Educational Facilities Authority, Seton Hall University

Series 2015C, Rev., 5.00%, 7/1/2022		25,000		25,341

Series 2013D, Rev., 3.50%, 7/1/2023		25,000		25,743

New Jersey Health Care Facilities Financing Authority, AHS Hospital Corp.

Rev., 5.00%, 7/1/2022		1,095,000		1,110,796

Rev., 5.00%, 7/1/2025		125,000		139,313

New Jersey Health Care Facilities Financing Authority, Barnabas Health Issue

Series 2012A, Rev., 4.00%, 7/1/2022 (b)		125,000		126,387

Series 2012A, Rev., 5.00%, 7/1/2022 (b)		355,000		360,109


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New Jersey — continued

Series 2012A, Rev., 5.00%, 7/1/2022		470,000		476,558

New Jersey Health Care Facilities Financing Authority, Barnabas Health Obligated Group

Series 2016A, Rev., 5.00%, 7/1/2022		225,000		228,139

Series 2021A, Rev., 5.00%, 7/1/2022		35,000		35,488

Series 2019B-1, Rev., 5.00%, 7/1/2024 (c)		875,000		945,610

Series 2019B-2, Rev., 5.00%, 7/1/2025 (c)		190,000		212,235

Rev., 5.00%, 7/1/2026 (c)		220,000		251,469

New Jersey Health Care Facilities Financing Authority, Hackensack Meridian Health Obligated Group

Rev., 5.00%, 7/1/2022		830,000		841,973

Rev., 5.00%, 7/1/2023		20,000		21,051

Series 2017A, Rev., 5.00%, 7/1/2025		190,000		212,480

New Jersey Health Care Facilities Financing Authority, Inspira Health Obligated Group

Rev., 2.00%, 7/1/2022		350,000		351,496

Series 2017A, Rev., 5.00%, 7/1/2022		350,000		354,954

New Jersey Health Care Facilities Financing Authority, Meridian Health System Obligated Group

Rev., 5.00%, 7/1/2023		20,000		20,267

Rev., 5.00%, 7/1/2024		450,000		456,400

New Jersey Health Care Facilities Financing Authority, Princeton Healthcare System Series 2016A, Rev., 5.00%, 7/1/2023		150,000		158,009

New Jersey Health Care Facilities Financing Authority, Valley Health System Obligated

Rev., 5.00%, 7/1/2022		230,000		233,295

Rev., 5.00%, 7/1/2023		75,000		78,912

Rev., 5.00%, 7/1/2024		200,000		217,001

Rev., 5.00%, 7/1/2026		50,000		57,313

New Jersey Health Care Facilities Financing Authority, Virtua Health, Inc.

Rev., 5.00%, 7/1/2022		175,000		177,584

Rev., 5.00%, 7/1/2023		250,000		263,348


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New Jersey — continued

Rev., 5.00%, 7/1/2024		105,000		112,052

Rev., 5.00%, 7/1/2025		145,000		154,602

Rev., 5.00%, 7/1/2026		155,000		165,118

New Jersey Higher Education Student Assistance Authority, Senior Student Loan

Series 2019A, Rev., 5.00%, 12/1/2022		40,000		41,220

Series 2019A, Rev., 5.00%, 12/1/2024		40,000		43,802

New Jersey Housing and Mortgage Finance Agency, Multi-Family Series 2019B, Rev., 1.50%, 5/1/2023		90,000		90,276

New Jersey Housing and Mortgage Finance Agency, Multi-Family, Post Road Gardens Series 2020A, Rev., 0.75%, 6/1/2022 (c)		275,000		274,959

New Jersey Housing and Mortgage Finance Agency, Riverside Senior Apartments Project Series 2019D, Rev., 1.35%, 6/1/2022 (c)		300,000		300,436

New Jersey Infrastructure Bank, Environmental Infrastructure

Series 2020A-R1, Rev., 3.00%, 9/1/2022		150,000		151,760

Series 2012A-R, Rev., GTD, 4.00%, 9/1/2022		445,000		452,426

Series 2017A-R2, Rev., GTD, 4.00%, 9/1/2022		210,000		213,505

Series 2007A, Rev., GTD, 5.00%, 9/1/2022		115,000		117,489

Series 2007-C, Rev., 5.00%, 9/1/2022		50,000		51,082

Series 2014A, Rev., GTD, 5.00%, 9/1/2022		25,000		25,541

Series 2015A-1, Rev., GTD, 5.00%, 9/1/2022		25,000		25,541

Series 2016A-1, Rev., GTD, 5.00%, 9/1/2022		80,000		81,732

Series 2016A2, Rev., GTD, 5.00%, 9/1/2022		65,000		66,407

Series 2016A-R1, Rev., GTD, 5.00%, 9/1/2022		70,000		71,515

Series 2020A-1, Rev., 5.00%, 9/1/2022		40,000		40,866

Series 2002A, Rev., 5.25%, 9/1/2022		50,000		51,144

Series 2020A-R1, Rev., 3.00%, 9/1/2023		40,000		41,180


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New Jersey — continued

Series 2012A-R, Rev., GTD, 4.00%, 9/1/2023		165,000		172,365

Series 2007A, Rev., GTD, 5.00%, 9/1/2023		10,000		10,595

Rev., GTD, 5.00%, 9/1/2024		35,000		38,251

New Jersey Institute of Technology Series 2012A, Rev., 5.00%, 7/1/2022 (b)		90,000		91,310

New Jersey Sports and Exposition Authority Series 2018A, Rev., 5.00%, 9/1/2022		35,000		35,731

New Jersey Sports and Exposition Authority, Convention Center Rev., NATL-RE, 5.50%, 3/1/2022 (b)		35,000		35,000

New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement

Series 2016A-1, Rev., 5.00%, 6/15/2022		75,000		75,915

Series 2018A, Rev., 5.00%, 6/15/2022		315,000		318,842

Series 2018A, Rev., 5.00%, 6/15/2023		35,000		36,725

New Jersey Transportation Trust Fund Authority, Transportation Program

Series 2013AA, Rev., 5.00%, 6/15/2022		305,000		308,658

Series 2014AA, Rev., 5.00%, 6/15/2022		80,000		80,959

Series 2015AA, Rev., 5.00%, 6/15/2022		50,000		50,600

New Jersey Transportation Trust Fund Authority, Transportation System

Series 2012AA, Rev., 5.00%, 6/15/2022		265,000		268,178

Series 2006A, Rev., NATL-RE, 4.25%, 12/15/2022		25,000		25,618

Series 2006A, Rev., 5.25%, 12/15/2022		200,000		206,506

Series 2006A, Rev., AMBAC, 5.25%, 12/15/2022		100,000		103,253

Series 2006A, Rev., AGM-CR, 5.25%, 12/15/2022		75,000		77,615

Series B, Rev., AMBAC, 5.25%, 12/15/2022		155,000		160,042

Series 2006A, Rev., AGM-CR, 5.50%, 12/15/2022		215,000		222,915

Series 2006A, Rev., 5.50%, 12/15/2022		90,000		93,103


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New Jersey — continued

Series 2004A, Rev., NATL-RE, 5.75%, 6/15/2023		50,000		52,861

Series 2008A, Rev., Zero Coupon, 12/15/2023		140,000		135,176

Series 2010D, Rev., 5.00%, 12/15/2023		20,000		21,268

Series 2006A, Rev., 5.50%, 12/15/2023		45,000		48,248

New Jersey Turnpike Authority

Series 2013A, Rev., 3.00%, 7/1/2022 (b)		100,000		100,794

Series 2013A, Rev., AGM, 3.25%, 7/1/2022 (b)		65,000		65,569

Series 2013A, Rev., 5.00%, 7/1/2022 (b)		3,560,000		3,611,834

Series 2012B, Rev., 3.50%, 1/1/2023 (b)		80,000		81,757

Series 2012B, Rev., 5.00%, 1/1/2023 (b)		950,000		982,714

Series 2012B, Rev., 5.00%, 1/1/2023		165,000		170,556

Series 2013F, Rev., 5.00%, 1/1/2023 (b)		120,000		124,132

Series 2014C, Rev., 5.00%, 1/1/2023		160,000		165,387

Series 2017E, Rev., 5.00%, 1/1/2025		50,000		54,970

Series 2004C-2, Rev., AMBAC, 5.50%, 1/1/2025		115,000		128,122

Series 2014A, Rev., 5.00%, 1/1/2027		50,000		54,118

New Jersey Water Supply Authority, Manasquan Reservoir Water Supply System Rev., 5.00%, 8/1/2022		20,000		20,355

Newark Housing Authority Scholarship Foundation A New Jersey Non (The), South Ward Police Facility Rev., AGM, GTD, 5.00%, 12/1/2022		40,000		41,202

North Bergen Township Board of Education COP, 4.00%, 12/15/2022		75,000		76,780

North Brunswick Township Board of Education Series 2020A, GO, 4.00%, 7/15/2022		50,000		50,615

North Hudson Sewerage Authority Series 2006A, Rev., NATL-RE, 5.13%, 8/1/2022 (b)		25,000		25,459

North Hudson Sewerage Authority, Senior Lien

Series 2012A, Rev., 5.00%, 6/1/2022 (b)		100,000		101,087


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New Jersey — continued

Series 2012A, COP, 5.00%, 6/1/2022 (b)		105,000		106,142

Northern Burlington County Regional School District GO, 5.00%, 3/1/2023		20,000		20,793

Old Bridge Township Board of Education

GO, 5.00%, 7/15/2022		180,000		182,855

GO, 5.00%, 7/15/2023		40,000		42,129

Old Bridge Township Municipal Utilities Authority Series 2014C, Rev., GTD, 5.00%, 11/1/2022		20,000		20,555

Paramus School District GO, 5.00%, 4/1/2022		50,000		50,184

Parsippany-Troy Hills Township School District GO, 5.00%, 8/15/2022		20,000		20,394

Passaic County Improvement Authority (The), City of Paterson Project

Rev., 4.00%, 6/15/2022		25,000		25,243

Rev., 5.00%, 6/15/2023		25,000		26,265

Passaic County Improvement Authority (The), Preakness Healthcare Center Expansion Project Rev., GTD, 2.63%, 5/1/2023		100,000		100,274

Passaic County Utilities Authority, Solid Waste Disposal

Rev., GTD, 4.38%, 3/1/2022		25,000		25,000

Rev., GTD, 4.50%, 3/1/2024		75,000		79,821

Passaic Valley Sewerage Commission, Sewer System Series G, Rev., 5.75%, 12/1/2022		100,000		103,584

Pennsauken Township School District GO, 3.00%, 7/15/2022		55,000		55,461

Pequannock Township Board of Education

GO, 4.00%, 1/15/2024		65,000		68,296

GO, 4.00%, 1/15/2025		50,000		53,688

Pleasantville School District GO, AGM, 2.38%, 2/15/2023		25,000		25,318

Ramsey School District GO, 3.13%, 1/15/2023		25,000		25,501

Rancocas Valley Regional High School District GO, 5.00%, 2/1/2023		60,000		62,197

Readington Township Board of Education GO, 5.00%, 7/15/2023		25,000		26,320

Ridgewood Board of Education Series 2016A, GO, 4.00%, 3/15/2022		80,000		80,103

River Dell Regional School District GO, 4.00%, 3/1/2022		40,000		40,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New Jersey — continued

Rutgers The State University of New Jersey

Series 2013J, Rev., 5.00%, 5/1/2022		380,000		382,756

Series 2016M, Rev., 5.00%, 5/1/2022		60,000		60,435

Series 2013J, Rev., 4.00%, 5/1/2023 (b)		175,000		181,218

Series 2018N, Rev., 4.00%, 5/1/2023		680,000		703,515

Series 2013J, Rev., 5.00%, 5/1/2023		840,000		878,541

Series 2013J, Rev., 5.00%, 5/1/2023 (b)		40,000		41,883

Series 2013L, Rev., 5.00%, 5/1/2023 (b)		90,000		94,237

Series 2016M, Rev., 5.00%, 5/1/2023		120,000		125,534

Series 2016M, Rev., 5.00%, 5/1/2024		25,000		26,951

Somerdale School District GO, 3.38%, 9/1/2022		40,000		40,513

Somerset County Improvement Authority, Bridgewater, Hillsborough and Bernards Property Acquisition Project Rev., GTD, 4.00%, 10/1/2022		25,000		25,481

Somerset County Improvement Authority, County Guaranteed Lease, Township of Montgomery Project Rev., GTD, 5.00%, 9/1/2022		35,000		35,758

Somerset Hills School District GO, 5.00%, 3/15/2022		30,000		30,049

South Brunswick Township Board of Education

GO, 4.00%, 8/1/2022		100,000		101,407

GO, 5.00%, 8/1/2024		45,000		48,075

South Harrison Township School District GO, 4.00%, 1/15/2023		25,000		25,659

South Jersey Transportation Authority, Transportation System Series 2012A, Rev., 5.00%, 11/1/2022 (b)		100,000		102,713

South Orange and Maplewood School District

GO, 2.00%, 11/1/2022		125,000		126,016

GO, 4.00%, 1/15/2023		25,000		25,679

GO, 5.00%, 1/15/2023		25,000		25,895

Southampton School District GO, 2.13%, 9/1/2022		50,000		50,317


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New Jersey — continued

State of New Jersey

GO, 2.00%, 6/1/2022		980,000		982,920

Series 2016T, GO, 5.00%, 6/1/2022		600,000		606,220

GO, 5.25%, 8/1/2022		170,000		173,067

Series 2016T, GO, 5.00%, 6/1/2023		35,000		36,642

GO, 5.00%, 6/1/2024		20,000		21,561

State of New Jersey, COVID-19 Emergency Bonds GO, 4.00%, 6/1/2023		1,460,000		1,510,488

State of New Jersey, Various Purpose

GO, 5.00%, 6/1/2022		490,000		495,080

GO, 5.00%, 6/1/2023		360,000		376,891

GO, 5.00%, 6/1/2025		100,000		110,820

GO, 4.00%, 6/1/2026		20,000		20,652

GO, 5.00%, 6/1/2026		65,000		71,913

Tenafly School District GO, 4.00%, 7/15/2027		40,000		40,439

Tobacco Settlement Financing Corp.

Series 2018A, Rev., 5.00%, 6/1/2022		1,850,000		1,867,407

Series 2018A, Rev., 5.00%, 6/1/2023		1,865,000		1,943,777

Series 2018A, Rev., 5.00%, 6/1/2024		125,000		133,744

Series 2018A, Rev., 5.00%, 6/1/2025		755,000		828,150

Series 2018A, Rev., 5.00%, 6/1/2026		105,000		117,786

Town of Dover Series 2021A, GO, BAN, 1.25%, 5/26/2022		10,350,000		10,358,445

Town of Hammonton

GO, BAN, 1.00%, 11/3/2022		1,705,250		1,704,401

GO, 4.00%, 3/1/2023		30,000		30,075

Town of Morristown GO, 5.00%, 3/1/2023		25,000		25,971

Town of Newton GO, 5.00%, 4/1/2024		50,000		53,795

Town of Westfield, General Improvement GO, 2.00%, 9/15/2022		65,000		65,450

Township of Aberdeen GO, BAN, 1.50%, 10/14/2022		10,362,135		10,392,360

Township of Allamuchy GO, 4.00%, 1/15/2023		75,000		76,977

Township of Allamuchy, General Improvement GO, 2.50%, 12/1/2022		30,000		30,358

Township of Alloway GO, 4.00%, 12/1/2022		35,000		35,786


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New Jersey — continued

Township of Barnegat GO, BAN, 1.25%, 5/26/2022		11,000,000		11,008,975

Township of Berlin GO, 5.00%, 1/1/2023		20,000		20,672

Township of Bloomfield GO, 4.00%, 6/1/2022		30,000		30,251

Township of Bloomfield, General Improvement GO, 3.00%, 1/15/2023		40,000		40,716

Township of Bloomfield, General Improvement and Water Utility GO, 5.00%, 2/1/2024		40,000		42,820

Township of Bloomfield, Water Improvement Utility GO, 5.00%, 2/1/2023		25,000		25,920

Township of Brick GO, 4.00%, 11/1/2022		25,000		25,544

Township of Bridgewater GO, 4.00%, 9/1/2023		25,000		26,017

Township of Bridgewater, General Improvement GO, 5.00%, 8/1/2022		50,000		50,855

Township of Cherry Hill, General Improvement GO, 2.00%, 8/15/2022		30,000		30,181

Township of Cherry Hill, General Improvement and Sewer Utility GO, 4.00%, 5/1/2022		30,000		30,171

Township of Clark GO, 2.00%, 3/15/2022		25,000		25,014

Township of Colts Neck GO, 4.00%, 11/15/2025		40,000		43,861

Township of Delran Series A, GO, BAN, 1.50%, 12/7/2022		4,102,947		4,114,914

Township of East Amwell GO, 4.00%, 2/15/2023		25,000		25,702

Township of East Brunswick GO, 3.00%, 3/15/2023		25,000		25,552

Township of East Brunswick, Water Improvement Utility GO, 2.00%, 7/15/2022		40,000		40,212

Township of East Hanover GO, 5.00%, 8/1/2022		50,000		50,909

Township of Edison GO, 3.00%, 8/1/2022		20,000		20,198

Township of Edison, General Improvement and Sewer Utility GO, 4.00%, 6/1/2022		115,000		115,987

Township of Evesham, General Improvement and Golf Utility GO, 4.00%, 5/1/2023		25,000		25,867


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New Jersey — continued

Township of Ewing, General Improvement

GO, 4.00%, 8/1/2022		20,000		20,269

GO, 2.00%, 3/1/2023		100,000		100,945

Township of Florence GO, 4.00%, 11/1/2022		25,000		25,527

Township of Hamilton, Sewer Utility GO, 5.00%, 8/1/2022		45,000		45,800

Township of Hardyston GO, 4.00%, 2/1/2023		40,000		41,139

Township of Harrison GO, 4.00%, 8/1/2025		50,000		54,127

Township of Hopewell, Sewer Utility GO, 2.00%, 6/1/2022		230,000		230,817

Township of Irvington, Capital Appreciation GO, AGM, Zero Coupon, 7/15/2022		100,000		99,631

Township of Lakewood, General Improvement GO, 3.00%, 11/1/2022		30,000		30,442

Township of Little Falls, General Improvement

GO, 4.00%, 8/15/2023		25,000		26,051

GO, 4.00%, 8/15/2025		30,000		32,448

Township of Livingston GO, 3.00%, 7/15/2022		30,000		30,264

Township of Livingston, Water and Sewer Utility GO, 4.00%, 11/1/2022		75,000		76,611

Township of Lopatcong GO, 4.00%, 9/1/2023		30,000		31,225

Township of Lower GO, 4.00%, 8/15/2022		50,000		50,753

Township of Lyndhurst, Water Utility GO, AGM, 4.50%, 8/15/2023 (b)		50,000		52,484

Township of Mahwah GO, 4.00%, 12/1/2022		70,000		71,695

Township of Maple Shade, Water and Sewer Utility GO, 5.00%, 2/15/2023		85,000		88,314

Township of Maplewood GO, 2.00%, 4/1/2023		40,000		40,451

Township of Maplewood, General Improvement GO, 5.00%, 2/15/2023		40,000		41,548

Township of Marlboro GO, 5.00%, 5/1/2022		25,000		25,183

Township of Medford

Series 2013A, GO, 2.00%, 5/1/2022		50,000		50,116

GO, 4.00%, 7/15/2022		70,000		70,858


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New Jersey — continued

Township of Mine Hill GO, BAN, 2.00%, 4/29/2022		1,861,750		1,865,175

Township of Monroe, Water and Sewer Utility GO, 2.00%, 6/1/2022		20,000		20,071

Township of Monroe, Water Sewer Utility GO, 5.00%, 6/1/2022		25,000		25,273

Township of Montclair, General Improvement Series 2017A, GO, 3.00%, 3/1/2022		25,000		25,000

Township of Montclair, School

GO, 5.00%, 3/1/2022		25,000		25,000

Series 2016B, GO, 4.00%, 10/1/2022		85,000		86,626

Township of Montgomery, Sewer Utility Series 2018B, GO, 5.00%, 2/1/2023		20,000		20,760

Township of Montville

GO, 5.00%, 11/1/2022		105,000		107,956

GO, BAN, 1.50%, 11/10/2022		5,750,000		5,766,937

Township of Moorestown, General Improvement and Water Sewer Utility GO, 5.00%, 2/1/2023		25,000		25,943

Township of Moorestown, Water and Sewer Utility GO, 5.00%, 2/1/2023		25,000		25,943

Township of Mount Olive, General Improvement and Water Sewer Utility GO, 4.00%, 8/15/2022		35,000		35,527

Township of North Bergen GO, BAN, 2.00%, 4/27/2022		240,000		240,492

Township of North Brunswick GO, 2.75%, 7/15/2022		20,000		20,157

Township of North Brunswick, General Improvement GO, 2.00%, 7/15/2022		40,000		40,203

Township of Nutley GO, 2.25%, 4/15/2023		45,000		45,619

Township of Parsippany-Troy Hills GO, 5.00%, 7/15/2023		40,000		40,582

Township of Parsippany-Troy Hills, Golf Recreation Utility GO, 3.00%, 6/1/2023		35,000		35,862

Township of Pemberton GO, BAN, 1.25%, 6/2/2022		9,776,774		9,784,996

Township of Pequannock, Sewer Utility GO, 4.00%, 4/1/2022		95,000		95,273

Township of Piscataway GO, 5.00%, 12/1/2022		20,000		20,627

Township of Plainsboro GO, BAN, 1.50%, 11/10/2022		8,000,000		8,022,462


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New Jersey — continued

Township of Randolph, Various Purpose GO, 3.00%, 10/15/2022		45,000		45,630

Township of Readington, General Improvement GO, 5.00%, 1/15/2025		25,000		27,545

Township of River Vale GO, 4.00%, 6/15/2023		35,000		36,325

Township of South Brunswick

GO, 4.00%, 3/1/2022		20,000		20,000

GO, 5.00%, 9/1/2022		30,000		30,632

GO, 4.00%, 10/1/2022		30,000		30,558

GO, 5.00%, 9/1/2023		150,000		158,550

Township of South Hackensack GO, BAN, 2.00%, 2/16/2023		1,332,500		1,343,381

Township of Stafford Series 2014B, GO, 5.00%, 2/1/2023		30,000		31,115

Township of Toms River

GO, 5.00%, 3/1/2022		45,000		45,000

GO, 4.00%, 12/1/2022		125,000		127,988

Township of Toms River, General Improvement

GO, 4.00%, 6/15/2022		195,000		196,925

GO, 4.00%, 10/15/2022		100,000		102,017

Series 2016A, GO, 5.00%, 11/15/2022		40,000		41,184

GO, 4.00%, 6/15/2023		40,000		41,545

Township of Toms River, General Improvement, Golf Utility Improvement Series 2011A, GO, 3.00%, 12/15/2023		45,000		46,497

Township of Union, General Improvement GO, 4.00%, 2/1/2023		25,000		25,705

Township of Voorhees GO, 1.75%, 9/15/2022		25,000		25,133

Township of Washington GO, 4.00%, 3/1/2025		30,000		32,179

Township of Wayne GO, 4.00%, 11/1/2022		50,000		51,070

Township of West Deptford GO, 3.00%, 9/1/2026		100,000		103,593

Township of West Milford GO, BAN, 1.00%, 9/16/2022		160,000		159,966

Township of West Orange Series 2021A, GO, BAN, 2.00%, 11/11/2022		1,230,000		1,237,700

Township of West Orange, General Improvement GO, 2.00%, 8/1/2022		35,000		35,193

Township of Westampton Series A, GO, BAN, 1.25%, 5/31/2022		3,405,655		3,408,519


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New Jersey — continued

Township of Willingboro, General Improvement

GO, AGM, 2.25%, 8/1/2022		50,000		50,342

GO, AGM, 4.00%, 8/1/2022		35,000		35,492

Township of Woodbridge, General Improvement GO, 3.00%, 8/15/2022		75,000		75,808

Township of Woodbridge, Sewer Utility GO, 3.00%, 7/1/2022		20,000		20,161

Union County Improvement Authority, College Cranford Facility Rev., 3.00%, 12/1/2022		70,000		71,132

Union County Improvement Authority, Correctional Facility Project

Rev., 3.00%, 6/15/2022		35,000		35,239

Rev., GTD, 4.00%, 6/15/2022		30,000		30,290

Union County Improvement Authority, Park Madison Redevelopment Project Rev., GTD, 5.00%, 3/1/2022		200,000		200,000

Village of Ridgewood GO, BAN, 1.50%, 1/25/2023		34,432,500		34,570,946

Village of Ridgewood, General Improvement and Water Utility GO, 4.00%, 8/1/2022		90,000		91,266

Wall Township School District GO, 5.00%, 7/15/2022		20,000		20,325

Washington Township Fire District No.1, Gloucester GO, 1.00%, 5/1/2023		250,000		249,875

Washington Township Municipal Utilities Authority Series 2021A, Rev., 4.00%, 2/1/2023		25,000		25,679

West Essex Regional School District GO, 5.00%, 11/1/2022		40,000		41,137

West Windsor-Plainsboro Regional School District

GO, 3.00%, 8/1/2022		205,000		207,037

GO, 4.00%, 9/15/2022		75,000		76,341

Woodbridge Township Board of Education

GO, 4.00%, 7/15/2022		55,000		55,695

GO, 4.25%, 7/15/2022 (b)		35,000		35,473

Woodbridge Township Board of Education, School Building GO, 2.00%, 7/15/2022		25,000		25,127

Woodland Park School District GO, 5.00%, 4/15/2023		100,000		104,405

Wyckoff Township School District GO, 3.00%, 4/1/2023 (b)		25,000		25,542


Total New Jersey				270,263,774


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New Mexico — 0.4%

Albuquerque Bernalillo County Water Utility Authority, Senior Lien, Joint Water & Sewer System Improvement

Rev., 5.00%, 7/1/2022		230,000		233,256

Series 2014A, Rev., 5.00%, 7/1/2022		85,000		86,203

Rev., 5.00%, 7/1/2023		120,000		126,342

Series 2014A, Rev., 5.00%, 7/1/2023		50,000		52,642

Albuquerque Bernalillo County Water Utility Authority, Subordinate Lien, Joint Water & Sewer System Improvement Series 2014B, Rev., 5.00%, 7/1/2022		30,000		30,425

Albuquerque Metropolitan Arroyo Flood Control Authority GO, 5.00%, 8/1/2023		50,000		52,768

Albuquerque Municipal School District No. 12

Series 2014B, GO, 5.00%, 8/1/2022		120,000		122,168

Series 2017A, GO, 5.00%, 8/1/2022		190,000		193,432

Bloomfield School District No. 6 GO, 2.00%, 10/1/2022		25,000		25,171

Central New Mexico Community College, Limited Tax GO, 5.00%, 8/15/2022		55,000		56,084

City of Albuquerque

Series A, GO, 5.00%, 7/1/2022		25,000		25,363

Series 2014A, Rev., 4.00%, 7/1/2023 (b)		25,000		25,999

Series 2020A, GO, 5.00%, 7/1/2023		50,000		52,649

City of Albuquerque, General Purpose

Series 2014A, GO, 5.00%, 7/1/2022		200,000		202,905

Series 2019A, GO, 5.00%, 7/1/2022		55,000		55,799

Series A, GO, 5.00%, 7/1/2022		35,000		35,509

City of Albuquerque, Lodgers Tax and Improvement Series 2014A, Rev., 3.50%, 7/1/2023 (b)		20,000		20,659

City of Las Cruces

Series 2015A, Rev., 5.00%, 6/1/2022		25,000		25,274

GO, 5.00%, 8/1/2022		35,000		35,638

City of Rio Rancho

Rev., 4.00%, 6/1/2022		25,000		25,213

GO, 5.00%, 8/1/2023		100,000		105,361

City of Roswell Rev., 4.00%, 8/1/2022		85,000		86,124

City of Roswell, Joint Water and Sewer Improvement

Rev., 4.00%, 6/1/2022		25,000		25,210


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New Mexico — continued

Series B, Rev., 5.00%, 6/1/2022		25,000		25,274

Series B, Rev., 5.00%, 6/1/2023		25,000		26,230

City of Santa Fe GO, 4.00%, 8/1/2022		25,000		25,343

City of Santa Fe, Subordinate Lien Rev., 5.00%, 6/1/2022		25,000		25,272

County of Los Alamos, Gross Receipts Tax

Rev., 5.00%, 6/1/2022		85,000		85,922

Rev., 5.00%, 6/1/2023		25,000		26,211

County of Santa Fe

GO, 5.00%, 7/1/2022		100,000		101,466

Rev., 5.00%, 6/1/2023		20,000		20,987

County of Santa Fe, Gross Receipts Tax Rev., 5.00%, 6/1/2022		100,000		101,107

Dona Ana Branch Community College, Limited Tax GO, 5.00%, 8/1/2022		65,000		66,180

Hobbs School District No. 16 Series 2014B, GO, 5.00%, 9/15/2022		150,000		153,484

Las Cruces School District No. 2

GO, 3.63%, 8/1/2022		30,000		30,365

Series 2017A, GO, 5.00%, 8/1/2022		50,000		50,893

New Mexico Finance Authority, Senior Lien Public Project Revolving Fund

Rev., 5.00%, 6/1/2022		60,000		60,660

Series 2013B, Rev., 5.00%, 6/1/2022		70,000		70,770

Series 2014B, Rev., 5.00%, 6/1/2022		55,000		55,605

Series 2016A, Rev., 5.00%, 6/1/2022		25,000		25,275

Series 2016C, Rev., 5.00%, 6/1/2022		25,000		25,275

Series 2016D, Rev., 5.00%, 6/1/2022		60,000		60,660

Series 2016F, Rev., 5.00%, 6/1/2022		150,000		151,650

Series 2017A, Rev., 5.00%, 6/1/2022		325,000		328,575

Series 2017E, Rev., 5.00%, 6/1/2022		250,000		252,750

Series 2019B, Rev., 5.00%, 6/1/2022		145,000		146,595

Series 2020A, Rev., 5.00%, 6/1/2022		255,000		257,805

Series 2016A, Rev., 5.00%, 6/1/2023		25,000		26,256


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New Mexico — continued

Series 2017A, Rev., 5.00%, 6/1/2023		75,000		78,768

Series 2018A, Rev., 5.00%, 6/1/2023		180,000		189,044

Series 2019B, Rev., 5.00%, 6/1/2023		35,000		36,759

Series 2020B, Rev., 5.00%, 6/1/2023		25,000		26,256

Series 2016C, Rev., 5.00%, 6/1/2024		25,000		27,095

New Mexico Finance Authority, State Transportation, Senior Lien

Rev., 4.00%, 6/15/2022		1,175,000		1,186,530

Rev., 5.00%, 6/15/2022		660,000		668,359

New Mexico Finance Authority, State Transportation, Subordinate Lien

Series 2018A, Rev., 5.00%, 6/15/2022		200,000		202,557

Series B-2, Rev., 5.00%, 6/15/2022		110,000		111,406

Series 2018A, Rev., 5.00%, 6/15/2023		240,000		252,458

New Mexico Finance Authority, Subordinate Lien Public Project Revolving Fund

Series 2019A, Rev., 2.00%, 6/15/2022		20,000		20,079

Series 2015A-1, Rev., 5.00%, 6/15/2022		25,000		25,313

Series 2015D, Rev., 5.00%, 6/15/2022		25,000		25,313

Series 2018E, Rev., 5.00%, 6/15/2022		50,000		50,626

New Mexico Finance Authority, Subordinate Lien Public Project Revolving Fund, Tax-Exempt

Rev., 5.00%, 6/15/2022		275,000		278,443

Series 2017D, Rev., 5.00%, 6/15/2022		65,000		65,814

Series 2017D, Rev., 5.00%, 6/15/2023		120,000		126,102

Series 2019C-1, Rev., 5.00%, 6/15/2023		40,000		42,034

Series 2017B, Rev., 3.50%, 6/15/2024		50,000		52,572

Series 2018C-1, Rev., 4.00%, 6/15/2024		30,000		31,880

New Mexico Hospital Equipment Loan Council, Presbyterian Healthcare Services

Series 2012A, Rev., 5.00%, 8/1/2022 (b)		195,000		198,522


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New Mexico — continued

Series 2015A, Rev., 5.00%, 8/1/2022		520,000		529,349

Series 2015A, Rev., 5.00%, 8/1/2024		185,000		201,335

Series 2019B, Rev., 5.00%, 8/1/2025 (c)		75,000		83,695

New Mexico Municipal Energy Acquisition Authority Series 2019A, Rev., LIQ: Royal Bank of Canada, 4.00%, 11/1/2022		50,000		50,976

New Mexico State University Series B, Rev., 5.00%, 4/1/2022		50,000		50,176

Rio Rancho Public School District No. 94 GO, 5.00%, 8/1/2022		95,000		96,692

Santa Fe Public School District GO, 5.00%, 8/1/2022		335,000		341,037

State of New Mexico

GO, 5.00%, 3/1/2022		20,000		20,000

Series 2017B, GO, 5.00%, 3/1/2022		75,000		75,000

State of New Mexico Severance Tax Permanent Fund

Series 2015A, Rev., 5.00%, 7/1/2022		270,000		273,913

Series 2015B, Rev., 5.00%, 7/1/2022		130,000		131,915

Series 2016D, Rev., 5.00%, 7/1/2022		285,000		289,131

Series A, Rev., 5.00%, 7/1/2022		365,000		370,290

Series 2015A, Rev., 5.00%, 7/1/2023		335,000		352,703

Series 2016D, Rev., 5.00%, 7/1/2023		25,000		26,321

Series 2017A, Rev., 5.00%, 7/1/2023		110,000		115,813

State of New Mexico, Capital Projects

Series B, GO, 5.00%, 3/1/2023		75,000		78,058

GO, 5.00%, 3/1/2025		55,000		61,063

State of New Mexico, Severance Tax Permanent Fund

Series 2016B, Rev., 4.00%, 7/1/2022		1,160,000		1,172,989

Series 2018A, Rev., 5.00%, 7/1/2022		25,000		25,362

Series 2016B, Rev., 4.00%, 7/1/2023		285,000		296,304

Series 2015B, Rev., 5.00%, 7/1/2023		170,000		179,100

Series 2018A, Rev., 5.00%, 7/1/2023		130,000		136,870

Series A, Rev., 5.00%, 7/1/2023		225,000		236,890


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New Mexico — continued

University of New Mexico (The), Subordinate Lien System

Series 2014C, Rev., 5.00%, 6/1/2022		240,000		242,634

Series 2014C, Rev., 5.00%, 6/1/2023		195,000		204,349

Series 2016A, Rev., 5.00%, 6/1/2023		40,000		41,918

Series 2014C, Rev., 5.00%, 6/1/2024		25,000		27,008

University of New Mexico (The), Subordinate Lien System Improvement Rev., 5.00%, 6/1/2022		50,000		50,549

Village of Los Lunas Rev., 3.00%, 4/1/2023		20,000		20,381

West Las Vegas Schools GO, 4.00%, 8/15/2022		35,000		35,508


Total New Mexico				13,414,063


New York — 14.1%

Addison Central School District GO, 4.00%, 6/1/2022		55,000		55,453

Albany City School District GO, 4.00%, 6/15/2022		25,000		25,242

Amherst Central School District GO, 5.00%, 2/1/2023		70,000		72,655

Ardsley Union Free School District GO, 3.00%, 6/1/2022		50,000		50,307

Arlington Central School District

GO, 5.00%, 5/15/2022		25,000		25,225

Series 2012B, GO, 4.00%, 12/15/2022		25,000		25,623

GO, 5.00%, 5/15/2023		10,000		10,483

Ausable Valley Central School District GO, AGM, 2.00%, 6/15/2022		50,000		50,194

Baldwinsville Central School District GO, 5.00%, 9/15/2022		50,000		51,150

Battery Park City Authority

Series 2013A, Rev., 4.00%, 11/1/2022		60,000		61,305

Series 2013A, Rev., 5.00%, 11/1/2022		45,000		46,276

Battery Park City Authority, Tax Exempt Series 2013A, Rev., 5.00%, 11/1/2026		70,000		74,563

Bay Shore Fire District GO, 3.00%, 4/15/2022		25,000		25,073


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

Bay Shore Union Free School District GO, 5.00%, 1/15/2023		15,000		15,538

Bedford Central School District, Boces Project GO, 3.00%, 11/15/2023		25,000		25,344

Bethlehem Central School District GO, 5.00%, 6/15/2022		80,000		81,020

Brentwood Union Free School District

GO, 5.00%, 5/1/2022		20,000		20,149

GO, 4.50%, 11/15/2022		25,000		25,663

Bridgehampton Union Free School District GO, TAN, 1.00%, 6/24/2022		85,000		85,030

Brighton Central School District

GO, 4.00%, 6/1/2022		40,000		40,338

GO, 2.13%, 6/15/2022		35,000		35,153

Broadalbin-Perth Central School District GO, 2.00%, 6/15/2022		340,000		341,279

Brookhaven-Comsewogue Union Free School District

GO, 3.75%, 6/15/2022		155,000		156,334

GO, 4.00%, 7/15/2022		25,000		25,297

Broome County Local Development Corp., Good Shepherd Village at Endwell, Inc.

Rev., 3.00%, 7/1/2023		255,000		258,900

Rev., 3.00%, 7/1/2024		610,000		624,795

Rev., 3.50%, 7/1/2025		455,000		475,678

Buffalo Municipal Water Finance Authority

Series 2015-A, Rev., 4.00%, 7/1/2022		180,000		181,955

Series 2019-A, Rev., 5.00%, 7/1/2022		20,000		20,283

Series 2019B, Rev., 5.00%, 7/1/2022		25,000		25,354

Build NYC Resource Corp., Horace Mann School Project Rev., 4.00%, 7/1/2022		125,000		126,358

Build NYC Resource Corp., The New York Methodist Hospital Project Rev., 5.00%, 7/1/2023 (b)		55,000		57,846

Build NYC Resource Corp., United Jewish Appeal-Federation of Jewish Philanthropies of New York, Inc., Project Rev., 5.00%, 7/1/2022		50,000		50,735

Carle Place Union Free School District GO, 1.63%, 8/15/2022		50,000		50,035

Central Islip Union Free School District GO, 4.00%, 7/15/2022		50,000		50,615


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

Central Square Central School District GO, 4.00%, 6/15/2023		25,000		25,969

Churchville-Chili Central School District GO, 4.00%, 6/15/2022		100,000		100,958

City of Auburn GO, BAN, 1.00%, 8/17/2022		13,150,000		13,158,344

City of Beacon, Public Improvement Series 2018A, GO, 3.00%, 5/15/2023		30,000		30,706

City of Buffalo

Series 2012D, GO, AGM, 2.25%, 12/1/2022		25,000		25,284

GO, 5.00%, 4/1/2023		50,000		52,227

City of Cortland, Public Improvement GO, 5.00%, 6/1/2022		75,000		75,806

City of Ithaca GO, BAN, 2.00%, 2/17/2023		7,745,493		7,826,763

City of Ithaca, Public Improvement GO, 4.00%, 1/15/2023		25,000		25,681

City of Middletown GO, BAN, 1.50%, 8/25/2022		210,000		210,638

City of New York

Series I, Subseries 1-I, GO, 5.00%, 3/1/2022		70,000		70,000

Series G, Subseries G-1, GO, 5.00%, 4/1/2022 (b)		375,000		376,368

Subseries F-1, GO, 5.00%, 4/1/2022		45,000		45,164

Series 2019B, GO, 2.00%, 8/1/2022		75,000		75,420

Series 2013-I, GO, 3.00%, 8/1/2022		25,000		25,243

Series 2012E, GO, 4.00%, 8/1/2022		120,000		120,335

Series 2014K, GO, 4.00%, 8/1/2022		50,000		50,693

Series B, GO, 4.00%, 8/1/2022		285,000		288,948

Series 2021C, GO, 5.00%, 8/1/2022		500,000		508,990

Series B, GO, 5.00%, 8/1/2022		150,000		152,697

Series B, GO, 5.00%, 8/1/2022 (b)		155,000		157,800

Series C, GO, 5.00%, 8/1/2022 (b)		20,000		20,361

Series C, GO, 5.00%, 8/1/2022		270,000		274,854

Series D, GO, 5.00%, 8/1/2022		35,000		35,629

Series E, GO, 5.00%, 8/1/2022		340,000		346,113

Series G, GO, 5.00%, 8/1/2022		45,000		45,809

Series H, GO, 5.00%, 8/1/2022		135,000		137,427

Series I, GO, 5.00%, 8/1/2022 (b)		95,000		96,716

Series B, Subseries B-5, GO, NATL-RE, 5.00%, 8/15/2022		290,000		295,677

Subseries 2012D-1, GO, 4.00%, 10/1/2022		75,000		75,205

Subseries A-1, GO, 5.00%, 10/1/2022 (b)		275,000		281,834


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

Series E, GO, 5.00%, 2/1/2023 (b)		50,000		51,887

Series F, Subseries F-1, GO, 5.00%, 3/1/2023 (b)		85,000		88,430

Subseries F-1, GO, 5.00%, 3/1/2023 (b)		50,000		52,043

Series 2018A, GO, 5.00%, 8/1/2023		185,000		195,321

Series C, GO, 5.00%, 8/1/2023		25,000		25,412

Series D, GO, 5.00%, 8/1/2023		435,000		450,724

Series E, GO, 5.00%, 8/1/2023		65,000		67,350

Series 2012E, GO, 5.00%, 8/1/2024		100,000		100,352

Series 2012F, GO, 5.00%, 8/1/2024		90,000		90,317

Series 2013-I, GO, 5.00%, 8/1/2024		30,000		31,643

Series 2013J, GO, 5.00%, 8/1/2024		345,000		363,896

Series B, GO, 5.00%, 8/1/2024		230,000		233,999

Series D, GO, 5.00%, 8/1/2024		30,000		31,107

Series E, GO, 5.00%, 8/1/2024		160,000		165,903

Series G, GO, 5.00%, 8/1/2024		35,000		37,523

Series I, GO, 5.00%, 8/1/2024		280,000		284,869

Series 2004A-6, GO, 5.00%, 8/1/2025		40,000		41,468

Series 2013J, GO, 5.00%, 8/1/2025		130,000		137,083

Series B, GO, 5.00%, 8/1/2025		140,000		142,429

Series C, GO, 5.00%, 8/1/2025		145,000		151,648

Series E, GO, 5.00%, 8/1/2025		50,000		51,835

Series J, GO, 5.00%, 8/1/2025		30,000		32,596

Series F, Subseries F-1, GO, 5.00%, 3/1/2026		45,000		46,784

Series D, GO, 5.00%, 8/1/2026		40,000		41,465

City of New York, Fiscal Year 1994 Series 1994A, GO, 5.00%, 8/1/2023		150,000		150,481

City of New York, Fiscal Year 2008 Series 2008J, Subseries J-3, GO, 5.00%, 8/1/2022		25,000		25,449

City of New York, Fiscal Year 2012

Series 2012F, GO, 4.00%, 8/1/2022		25,000		25,070

Series 2012F, GO, 5.00%, 8/1/2023		205,000		205,657

Series 2012-I, GO, 5.00%, 8/1/2023		615,000		625,141

Series 2012F, GO, 5.00%, 8/1/2026		210,000		210,737

City of New York, Fiscal Year 2012, Tax-Exempt

Series G, Subseries G-1, GO, 5.00%, 4/1/2022 (b)		1,155,000		1,159,123

Series G, Subseries G-1, GO, 5.00%, 4/1/2022		40,000		40,145

Series 2012B, GO, 4.00%, 8/1/2022		50,000		50,140

Series I, GO, 5.00%, 8/1/2022		320,000		325,753


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

Series I, GO, 5.00%, 8/1/2022 (b)		25,000		25,452

Series 2012D, Subseries D-1, GO, 5.00%, 10/1/2024		70,000		70,246

Series I, GO, 5.00%, 8/1/2025		185,000		188,209

City of New York, Fiscal Year 2013

Series 2013D, GO, 5.00%, 8/1/2022		215,000		218,865

Series 2013I, GO, 5.00%, 8/1/2022		110,000		111,978

Series 2013J, GO, 5.00%, 8/1/2022		515,000		524,259

Series 2013E, GO, 4.50%, 8/1/2023		55,000		56,739

Series 2013J, GO, 5.00%, 8/1/2023		185,000		195,321

Series H, GO, 5.00%, 8/1/2023		75,000		79,184

City of New York, Fiscal Year 2013, Tax-Exempt

Series G, GO, 5.00%, 8/1/2022		55,000		55,989

Series F, Subseries F-1, GO, 5.00%, 3/1/2024		170,000		176,900

Series H, GO, 5.00%, 8/1/2025		50,000		52,724

City of New York, Fiscal Year 2014

Series 2014J, GO, 5.00%, 8/1/2022		370,000		376,652

Series B, GO, 5.00%, 8/1/2022		70,000		71,259

Series 2014E, GO, 5.25%, 8/1/2022		485,000		494,220

Series I, Subseries 2014I-1, GO, 5.00%, 3/1/2023		350,000		364,231

Series 2013G, GO, 5.00%, 8/1/2023		390,000		411,758

Series 2014E, GO, 5.00%, 8/1/2023		105,000		110,858

Series 2014J, GO, 5.00%, 8/1/2023		140,000		147,810

Series 2014I-1, GO, 5.00%, 3/1/2024		75,000		80,589

Series 2014E, GO, 5.00%, 8/1/2024		35,000		36,917

Series D, Subseries D-1, GO, 5.00%, 8/1/2025		225,000		237,258

City of New York, Fiscal Year 2015

Series 2015B, GO, 3.00%, 8/1/2022		25,000		25,243

Series 2015-1, GO, 5.00%, 8/1/2022		220,000		223,955

Series 2015A, GO, 5.00%, 8/1/2022		160,000		162,877

Series 2015C, GO, 5.00%, 8/1/2022		140,000		142,517

Series 1, GO, 5.00%, 8/1/2023		240,000		253,389

Series 2015A, GO, 5.00%, 8/1/2024		225,000		244,979

Series 2012I, GO, 5.00%, 8/1/2025		85,000		89,631

Series 2015A, GO, 5.00%, 8/1/2025		110,000		119,520

Series 2015A, GO, 5.00%, 8/1/2026		30,000		32,597

City of New York, Fiscal Year 2016

Series A, GO, 5.00%, 8/1/2024		235,000		255,867

Series E, GO, 5.00%, 8/1/2024		90,000		97,991


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

City of New York, Fiscal Year 2017

Series A, Subseries A-4, GO, VRDO, LOC: Citibank NA, 0.21%, 3/9/2022 (c)		19,980,000		19,980,000

Series C, GO, 5.00%, 8/1/2022		395,000		402,102

Series 2017B-1, GO, 5.00%, 12/1/2022		75,000		77,344

City of New York, Fiscal Year 2018

Series 2018-1, GO, 4.00%, 8/1/2022		120,000		121,662

Series 2018-1, GO, 5.00%, 8/1/2022		20,000		20,360

Series 2018A, GO, 5.00%, 8/1/2022		140,000		142,517

Series C, GO, 5.00%, 8/1/2022		200,000		203,596

Series 2018C, GO, 5.00%, 8/1/2023		60,000		63,347

Series 2018D, GO, 5.00%, 8/1/2023		800,000		844,631

Series 2018F-1, GO, 4.00%, 4/1/2025		30,000		32,393

City of New York, Fiscal Year 2019

Series D, Subseries D-4, GO, VRDO, LIQ: Barclays Bank plc, 0.04%, 3/1/2022 (c)		5,000,000		5,000,000

Series 2019A, GO, 5.00%, 8/1/2022		25,000		25,450

Series 2019B, GO, 3.00%, 8/1/2023		125,000		128,473

City of New York, Fiscal Year 2020 Series 2020C-1, GO, 5.00%, 8/1/2023		100,000		105,579

City of New York, Tax-Exempt Subseries G-1, GO, 5.00%, 4/1/2022 (b)		20,000		20,073

Subseries D-1, GO, 4.00%, 8/1/2022		35,000		35,485

Series B, GO, 5.00%, 8/1/2022 (b)		95,000		96,716

Series I, GO, 5.00%, 8/1/2022 (b)		50,000		50,903

Subseries A-1, GO, 4.00%, 10/1/2022 (b)		60,000		61,126

Series A-1, GO, 5.00%, 10/1/2022 (b)		200,000		204,970

Subseries A-1, GO, 5.00%, 10/1/2022 (b)		50,000		51,243

Subseries A-1, GO, 5.00%, 8/1/2024		25,000		26,369

Series 2015C, GO, 5.00%, 8/1/2025		30,000		33,160

Series A, Subseries A-6, GO, 5.00%, 8/1/2025		60,000		64,207

Series A, Subseries A-1, GO, 5.25%, 8/1/2025		60,000		63,479

City of Niagara Falls GO, 5.00%, 5/15/2022		50,000		50,423


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

City of North Tonawanda, Various Purpose GO, 5.00%, 6/1/2022		25,000		25,274

City of Rochester

Series 2018-II, GO, 4.00%, 8/1/2022		165,000		167,307

Series 2021 II, GO, BAN, 2.00%, 8/3/2022		1,565,000		1,573,634

Series 2018-1, GO, 4.00%, 2/15/2023		50,000		51,466

City of Schenectady, Public Improvement

GO, 3.25%, 5/15/2022		40,000		40,215

GO, AGM, 5.00%, 5/15/2022		25,000		25,223

City of Syracuse, Public Improvement

Series 2020B, GO, 5.00%, 5/15/2022		35,000		35,316

Series 2015B, GO, 4.00%, 11/1/2022		45,000		45,951

Series 2019A, GO, 4.00%, 5/15/2023		20,000		20,709

City of White Plains, Public Improvement

Series 2020B, GO, 5.00%, 9/15/2022		45,000		46,008

GO, 5.00%, 11/1/2023		40,000		42,642

City of Yonkers

Series 2017A, GO, 5.00%, 9/1/2022		25,000		25,531

Series 2017C, GO, 5.00%, 10/1/2022		65,000		66,596

Series 2014D, GO, AGM, 3.00%, 10/15/2023		150,000		152,023

Clarence Central School District GO, 5.00%, 6/15/2022		85,000		86,084

Clarkstown Central School District GO, 2.00%, 11/15/2022		40,000		40,356

Cleveland Hill Union Free School District GO, 4.00%, 6/15/2022		30,000		30,284

Cohoes City School District GO, 5.00%, 4/15/2022		40,000		40,213

Commack Union Free School District GO, 4.00%, 11/15/2022		175,000		178,881

Connetquot Central School District of Islip GO, 5.00%, 7/15/2022		80,000		81,308

County of Albany

Series 2021A, GO, 5.00%, 7/1/2022		20,000		20,291

GO, 5.00%, 9/15/2022		25,000		25,577

Series 2020A, GO, 5.00%, 9/15/2022		50,000		51,153


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

Series 2019C, GO, 5.00%, 11/1/2023		50,000		53,242

County of Albany, Various Purpose

Series 2019A, GO, 5.00%, 9/15/2022		20,000		20,461

GO, 5.00%, 4/1/2023		40,000		41,760

County of Chemung, Public Improvement

GO, 3.00%, 12/15/2022		40,000		40,650

GO, 5.00%, 3/15/2023		50,000		52,047

County of Dutchess, Public Improvement

Series 2018A, GO, 3.00%, 3/1/2022		50,000		50,000

Series 2018B, GO, 3.25%, 3/1/2022		90,000		90,000

GO, 5.00%, 5/1/2022		40,000		40,289

GO, 5.00%, 12/15/2022		200,000		206,485

Series 2019B, GO, 5.00%, 3/1/2023		100,000		104,026

County of Erie, Public Improvement Series A, GO, 5.00%, 9/15/2022		75,000		76,738

County of Livingston, Public Improvement

GO, 4.00%, 5/15/2022		75,000		75,509

GO, 3.00%, 5/15/2023		80,000		81,990

GO, 4.00%, 2/1/2024		35,000		36,890

County of Monroe

GO, 5.00%, 6/1/2022		180,000		181,980

GO, 5.00%, 6/1/2023		80,000		84,009

County of Monroe, Public Improvement

GO, 5.00%, 6/1/2022		260,000		262,860

Series 2019A, GO, 5.00%, 6/1/2022		35,000		35,385

County of Nassau, General Improvement

Series 2013B, GO, 5.00%, 4/1/2022		25,000		25,087

Series 2017B, GO, 5.00%, 4/1/2022		85,000		85,297

Series 2016B, GO, 5.00%, 10/1/2022		215,000		220,101

Series C, GO, 5.00%, 10/1/2022		950,000		972,540

Series 2016A, GO, 5.00%, 1/1/2023		210,000		216,928

Series 2015B, GO, 5.00%, 4/1/2023		350,000		364,662

Series 2017C, GO, 5.00%, 10/1/2023		280,000		296,455

Series 2014A, GO, 5.00%, 4/1/2024		80,000		86,021

Series 2015B, GO, 5.00%, 4/1/2024		525,000		564,511

Series 2017C, GO, 5.00%, 10/1/2024		250,000		272,928

Series 2016A, GO, 5.00%, 1/1/2025		50,000		54,926

County of Oneida, Public Improvement

GO, 5.00%, 3/15/2022		50,000		50,081


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

GO, 3.00%, 4/15/2022		235,000		235,700

GO, 2.50%, 5/15/2022		20,000		20,079

County of Onondaga

GO, 4.00%, 5/1/2022		25,000		25,142

GO, 5.00%, 2/1/2023		25,000		25,939

County of Ontario GO, 5.00%, 5/15/2022		20,000		20,178

County of Orange Series 2012B, GO, 5.00%, 7/1/2022		105,000		106,536

County of Orange, Public Improvement

GO, 5.00%, 4/15/2022		25,000		25,135

Series 2017A, GO, 5.00%, 6/15/2022		40,000		40,509

County of Orange, Various Purpose Series 2016B, GO, 5.00%, 7/1/2022		50,000		50,731

County of Putnam, Public Improvement GO, 4.00%, 1/15/2023		20,000		20,540

County of Rensselaer, Public Improvement

GO, 5.00%, 6/1/2022		25,000		25,277

GO, 5.00%, 8/15/2022		25,000		25,495

GO, 5.00%, 9/1/2022		50,000		51,082

County of Rockland Series 2014A, GO, AGM, 5.00%, 3/1/2023		25,000		26,027

County of Rockland, Public Improvement Series 2014C, GO, AGM, 4.00%, 5/1/2023		50,000		51,788

County of Rockland, Various Purpose

Series 2019A, GO, 5.00%, 6/15/2022		40,000		40,509

GO, AGM, 2.75%, 12/1/2022		25,000		25,371

County of Saratoga, Public Improvement GO, 4.00%, 8/15/2022		60,000		60,885

County of Schenectady, Public Improvement GO, 5.00%, 6/15/2022		25,000		25,314

County of Schenectady, Various Purpose GO, 4.00%, 8/1/2022		55,000		55,760

County of Schoharie, Public Improvement GO, 3.00%, 11/1/2022		20,000		20,299

County of Suffolk

Series 2015A, GO, AGM, 5.00%, 5/1/2022		70,000		70,508

Series 2015C, GO, 5.00%, 5/1/2022		275,000		276,759

Series 2020B, GO, AGM, 5.00%, 5/15/2022		3,000,000		3,026,809


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

Series 2015B, GO, AGM, 5.00%, 10/1/2022		20,000		20,490

Series 2017D, GO, 4.00%, 10/15/2022		100,000		101,985

Series B, GO, AGM, 4.00%, 10/15/2022		450,000		458,932

Series A, GO, AGM, 4.00%, 2/1/2023		75,000		77,072

Series 2017D, GO, 5.00%, 10/15/2023		50,000		53,067

Series B, GO, AGM, 4.00%, 10/15/2024		100,000		106,226

Series 2019A, GO, 5.00%, 4/1/2025		100,000		110,124

County of Sullivan GO, BAN, 1.50%, 4/7/2022		2,000,000		2,001,414

County of Sullivan, Public Improvement

GO, 5.00%, 3/1/2022		100,000		100,000

GO, 3.00%, 5/15/2022		60,000		60,287

GO, 5.00%, 7/15/2022		25,000		25,395

County of Ulster, Public Improvement GO, 4.50%, 11/15/2022		50,000		51,305

County of Warren, Public Improvement GO, AGM, 5.00%, 7/15/2022		125,000		127,044

County of Wayne GO, 5.00%, 12/1/2022		155,000		159,929

County of Wayne, Public Improvement GO, 4.50%, 6/1/2022		25,000		25,247

County of Westchester

Series 2012B, GO, 5.00%, 7/1/2022		25,000		25,367

Series 2012A, GO, 4.00%, 10/15/2022		25,000		25,512

Series 2020A, GO, 5.00%, 10/15/2022		25,000		25,666

Series 2018A, GO, 5.00%, 12/1/2022		90,000		92,855

Series 2016A, GO, 5.00%, 1/1/2023		55,000		56,922

Series 2012B, GO, 2.00%, 7/1/2023		35,000		35,128

Series 2017A, GO, 5.00%, 7/1/2023		50,000		52,683

Croton-Harmon Union Free School District GO, 5.00%, 6/1/2022		80,000		80,880

Depew Union Free School District GO, 5.00%, 6/1/2022		135,000		136,495

Dobbs Ferry Union Free School District GO, 2.00%, 7/15/2022		85,000		85,450

Dutchess County Local Development Corp., Marist College Project Series 2015A, Rev., 5.00%, 7/1/2022		115,000		116,686


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

Dutchess County Local Development Corp., Nuvance Health Issue Series 2019B, Rev., 5.00%, 7/1/2023		525,000		551,668

Dutchess County Local Development Corp., The Culinary Institute of America Rev., 5.00%, 7/1/2022		150,000		152,022

East Aurora Union Free School District GO, AGM, 5.00%, 6/15/2023		45,000		47,282

East Greenbush Central School District Series 2019A, GO, 5.00%, 12/15/2022		30,000		30,997

East Hampton Union Free School District

GO, 5.00%, 6/1/2022		40,000		40,444

GO, TAN, 1.50%, 6/24/2022		210,000		210,370

East Irondequoit Central School District GO, 4.00%, 6/15/2022		240,000		242,313

East Islip Union Free School District, Unlimited Tax Series 2010B, GO, 3.25%, 3/15/2022		40,000		40,041

Eastchester Union Free School District Series 2016A, GO, 4.00%, 6/15/2022		10,000		10,096

Edgemont Union Free School District at Greenburgh GO, 4.00%, 8/15/2022		45,000		45,690

Enlarged City School District of the City of Troy GO, 5.00%, 7/1/2022		165,000		167,358

Erie County Fiscal Stability Authority, Sales Tax and State Aid Secured

Series 2013A, Rev., 5.00%, 3/15/2022		80,000		80,132

Series 2016A, Rev., 5.00%, 5/15/2022		175,000		176,604

Series 2017A, Rev., 5.00%, 6/15/2022		100,000		101,281

Rev., 5.00%, 9/1/2022		75,000		76,631

Series 2017D, Rev., 5.00%, 9/1/2022		85,000		86,849

Erie County Industrial Development Agency (The), City School District of the City of Buffalo Project

Series 2012A, Rev., 5.00%, 5/1/2022		120,000		120,886

Series 2015A, Rev., 5.00%, 5/1/2022		245,000		246,810

Series 2016A, Rev., 5.00%, 5/1/2022		125,000		125,923

Rev., 5.00%, 5/1/2023		150,000		156,990

Series A, Rev., 5.00%, 5/1/2023		210,000		211,382


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

Series 2012A, Rev., 5.00%, 5/1/2024		20,000		20,147

Series 2015A, Rev., 5.00%, 5/1/2024		150,000		161,974

Series 2012A, Rev., 5.00%, 5/1/2025		210,000		211,527

Series 2013A, Rev., 5.00%, 5/1/2026		195,000		203,900

Series 2013A, Rev., 5.00%, 5/1/2027		75,000		78,423

Erie County Water Authority

Rev., 5.00%, 12/1/2022		245,000		252,790

Rev., 5.00%, 12/1/2023		75,000		80,113

Fairport Central School District

GO, 3.00%, 3/1/2022		30,000		30,000

GO, 4.00%, 6/15/2022		50,000		50,492

Fayetteville-Manlius Central School District GO, 2.60%, 7/15/2022		135,000		135,959

Fillmore Central School District GO, AGM, 5.00%, 6/15/2022		50,000		50,638

Franklin County Solid Waste Management Authority Rev., 3.00%, 6/1/2022		50,000		50,256

Freeport Union Free School District

GO, 5.00%, 4/1/2022		60,000		60,221

GO, 5.00%, 12/1/2022		50,000		51,590

Friendship Central School District GO, AGM, 2.00%, 6/15/2023		310,000		314,113

Goshen Central School District GO, 2.00%, 12/1/2022		35,000		35,332

Grand Island Central School District GO, 5.00%, 12/1/2022		135,000		139,241

Half Hollow Hills Central School District Series 2013B, GO, 4.00%, 8/15/2022		100,000		101,529

Hammondsport Central School District GO, 2.00%, 6/15/2023		75,000		75,831

Harborfields Central School District GO, 5.00%, 3/1/2022		45,000		45,000

Haverstraw-Stony Point Central School District GO, 5.00%, 10/15/2022		300,000		307,900

Hempstead Town Local Development Corp. Rev., 5.00%, 10/1/2022		40,000		40,954

Hewlett-Woodmere Union Free School District GO, 5.00%, 11/1/2022		30,000		30,853

Hudson Yards Infrastructure Corp., Second Indenture

Series 2017A, Rev., 4.00%, 2/15/2023		45,000		46,337


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

Series 2017A, Rev., 5.00%, 2/15/2023		485,000		504,004

Series 2017A, Rev., 5.00%, 2/15/2024		115,000		123,522

Series 2017A, Rev., 5.00%, 2/15/2025		20,000		22,181

Hunter-Tannersville Central School District GO, 5.00%, 6/15/2022		30,000		30,379

Iroquois Central School District

Series 2018A, GO, 2.38%, 8/1/2022		80,000		80,489

GO, 5.00%, 6/15/2025		25,000		27,742

Island Trees Union Free School District GO, 4.00%, 8/1/2023		25,000		25,316

Islip Union Free School District GO, 2.25%, 3/1/2022		50,000		50,000

Ithaca City School District

GO, AGM, 2.00%, 7/1/2022		45,000		45,209

GO, 4.00%, 7/1/2022		290,000		293,227

Kings Park Central School District

GO, 2.25%, 8/1/2022		70,000		70,450

Series 2017A, GO, 5.00%, 8/1/2022		25,000		25,444

Kingston City School District GO, 3.00%, 6/1/2022		150,000		150,921

Lakeland Central School District GO, 5.00%, 11/15/2022		60,000		61,798

Lancaster Central School District GO, 5.00%, 6/1/2022		35,000		35,389

Levittown Union Free School District GO, 4.00%, 4/1/2022		55,000		55,159

Lockport City School District GO, 5.00%, 8/1/2022		25,000		25,451

Long Beach City School District GO, 4.00%, 5/1/2022		520,000		523,008

Long Island Power Authority, Electric System

Rev., AGM, Zero Coupon, 6/1/2022		480,000		478,995

Rev., 5.00%, 9/1/2022 (b)		150,000		153,209

Series 2015B, Rev., 5.00%, 9/1/2022 (b)		75,000		76,604

Series 2016B, Rev., 5.00%, 9/1/2022		100,000		102,160

Series B, Rev., 5.00%, 9/1/2022		865,000		883,767

Series 2016B, Rev., 5.00%, 9/1/2023		220,000		233,149

Series 2020B, Rev., 0.85%, 9/1/2025 (c)		125,000		121,052

Rev., 1.00%, 9/1/2025		315,000		308,070

Series B, Rev., 5.00%, 9/1/2026		245,000		249,907


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

Longwood Central School District Suffolk County GO, 5.00%, 6/1/2022		65,000		65,720

Longwood Central School District, Suffolk County GO, 5.00%, 6/15/2022		140,000		141,785

Madison County Capital Resource Corp., Colgate University Project Series 2013A, Rev., 5.00%, 7/1/2022		50,000		50,733

Maine-Endwell Central School District

GO, 4.00%, 6/15/2022		35,000		35,333

GO, BAN, 1.25%, 6/30/2022		200,000		200,365

Massapequa Union Free School District GO, 5.00%, 10/1/2022		20,000		20,503

Mattituck-Cutchogue Union Free School District Series A, GO, 5.00%, 7/15/2022		20,000		20,327

Metropolitan Transportation Authority

Subseries 2012G-2, Rev., VRDO, LOC: TD Bank NA, 0.19%, 3/9/2022 (c)		43,700,000		43,700,000

Series 2019B-1, Rev., BAN, 5.00%, 5/15/2022		9,655,000		9,742,547

Series 2019D-1, Rev., BAN, 5.00%, 9/1/2022		1,445,000		1,474,269

Series 2002D-1, Rev., 5.00%, 11/1/2022		280,000		287,420

Series 2012B, Rev., 4.00%, 11/15/2022 (b)		95,000		97,166

Series 2008B-2, Rev., 5.00%, 11/15/2022		285,000		292,957

Series 2008B-4, Rev., 5.00%, 11/15/2022		30,000		30,878

Series 2012B, Rev., AGM-CR, 5.00%, 11/15/2022 (b)		50,000		51,490

Series 2012B, Rev., TRAN, 5.00%, 11/15/2022 (b)		65,000		66,890

Series 2012C, Rev., 5.00%, 11/15/2022 (b)		220,000		226,518

Series 2012E, Rev., 5.00%, 11/15/2022 (b)		600,000		617,802

Series 2012F, Rev., 5.00%, 11/15/2022		605,000		621,892

Series 2013A, Rev., 5.00%, 11/15/2022		250,000		256,980

Series 2013B, Rev., 5.00%, 11/15/2022		65,000		66,815

Series 2013C, Rev., 5.00%, 11/15/2022		30,000		30,838


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

Series 2015F, Rev., 5.00%, 11/15/2022		70,000		71,954

Series 2016B, Rev., 5.00%, 11/15/2022		35,000		35,977

Series 2016D, Rev., 5.00%, 11/15/2022		60,000		61,675

Series 2019F, Rev., BAN, 5.00%, 11/15/2022		125,000		128,463

Series A-2, Rev., 5.00%, 11/15/2022		180,000		185,026

Subseries B-1, Rev., 5.00%, 11/15/2022		120,000		123,513

Series 2020A-1, Rev., BAN, 5.00%, 2/1/2023		620,000		641,511

Series 2013A, Rev., AGM-CR, 5.00%, 5/15/2023 (b)		60,000		62,918

Series 2013A, Rev., 5.00%, 5/15/2023 (b)		125,000		131,080

Series 2002D-1, Rev., 5.00%, 11/1/2023		25,000		25,647

Series 2008B-3, Rev., 5.00%, 11/15/2023		100,000		106,342

Series 2012F, Rev., 5.00%, 11/15/2023		40,000		41,091

Series 2013C, Rev., 5.00%, 11/15/2023		960,000		1,020,886

Series 2013E, Rev., 5.00%, 11/15/2023 (b)		25,000		26,654

Series 2014C, Rev., 5.00%, 11/15/2023		90,000		95,708

Series 2017B, Rev., 5.00%, 11/15/2023		175,000		186,099

Series 2017C-1, Rev., 5.00%, 11/15/2023		100,000		106,342

Series A-1, Rev., 5.00%, 11/15/2023		35,000		37,220

Series 2012F, Rev., 5.00%, 11/15/2024		50,000		51,338

Series 2012D, Rev., 5.00%, 11/15/2025		105,000		107,775

Series 2002D-1, Rev., 5.00%, 11/1/2026		50,000		51,223

Metropolitan Transportation Authority, Dedicated Tax Fund

Series 2019A, Rev., BAN, 5.00%, 3/1/2022 (b)		2,970,000		2,970,000

Series 2002B-1, Rev., 3.00%, 11/1/2022		40,000		40,562


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

Series 2012A, Rev., 4.00%, 11/15/2022		40,000		40,891

Series B-1, Rev., 4.00%, 11/15/2022		280,000		286,239

Series 2012A, Rev., 5.00%, 11/15/2022		60,000		61,756

Series 2016A, Rev., 5.00%, 11/15/2022		615,000		633,004

Series 2017A, Rev., 5.00%, 11/15/2022		105,000		108,074

Subseries B-1, Rev., 5.00%, 11/15/2022		130,000		133,806

Series 2012A, Rev., 5.00%, 11/15/2023		810,000		833,862

Series 2016A, Rev., 5.00%, 11/15/2023		100,000		106,552

Series 2017A, Rev., 5.00%, 11/15/2023		10,000		10,655

Series B-2, Rev., 5.00%, 11/15/2023		75,000		79,914

Series 2012A, Rev., 5.00%, 11/15/2024		660,000		679,475

Series 2013B-1, Rev., 5.00%, 11/15/2024		125,000		132,866

Series 2012A, Rev., 5.00%, 11/15/2025		315,000		324,267

Series 2012A, Rev., 5.00%, 11/15/2026		240,000		247,043

Middletown City School District

GO, 4.00%, 6/15/2022		25,000		25,243

GO, 5.00%, 9/15/2022		25,000		25,573

Millbrook Central School District GO, 4.00%, 6/1/2022		30,000		30,248

Minisink Valley Central School District

GO, 4.00%, 4/15/2022		55,000		55,234

GO, 4.00%, 6/15/2022		125,000		126,245

Monroe County Industrial Development Corp., Highland Hospital of Rochester Project Rev., 5.00%, 7/1/2022		530,000		537,502

Monroe County Industrial Development Corp., Rochester General Hospital Series 2013B, Rev., 4.00%, 12/1/2022		30,000		30,685

Monroe County Industrial Development Corp., Rochester Schools Modernization Project

Rev., 5.00%, 5/1/2022		100,000		100,723

Series 2012A, Rev., 5.00%, 5/1/2022		25,000		25,181


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

Monroe County Industrial Development Corp., University of Rochester Project

Series 2013A, Rev., 5.00%, 7/1/2022		135,000		136,970

Series 2013B, Rev., 5.00%, 7/1/2022		25,000		25,365

Series 2015A, Rev., 5.00%, 7/1/2022		75,000		76,095

Series 2013A, Rev., 5.00%, 7/1/2023 (b)		20,000		21,062

Series 2017C, Rev., 5.00%, 7/1/2023		70,000		73,728

Monroe County Water Authority Rev., 5.00%, 3/1/2022		35,000		35,000

Mount Vernon City School District

GO, 4.00%, 9/15/2022		25,000		25,447

GO, 5.00%, 12/1/2022		55,000		56,644

GO, 5.00%, 9/15/2023		25,000		26,480

Nassau County Interim Finance Authority, Sales Tax

Series 2012A, Rev., 4.00%, 11/15/2022 (b)		160,000		163,602

Series 2012A, Rev., 5.00%, 11/15/2022 (b)		105,000		108,128

Series 2015A, Rev., 5.00%, 11/15/2022 (b)		340,000		350,131

Nassau County Local Economic Assistance Corp., Catholic Health Services, Long Island Obligated Group Project Rev., 5.00%, 7/1/2022		95,000		96,345

Nassau County Local Economic Assistance Corp., Winthrop-University Hospital Association Project Rev., 5.00%, 7/1/2022 (b)		50,000		50,728

New Hartford Central School District, Oneida County GO, 4.00%, 6/1/2022		25,000		25,213

New Rochelle City School District GO, 5.00%, 9/1/2022		105,000		107,257

New York City Health and Hospitals Corp., Health System

Series 2008C, Rev., VRDO, LOC: TD Bank NA, 0.19%, 3/9/2022 (c)		25,000,000		25,000,000

Series 2013A, Rev., 5.00%, 2/15/2023		415,000		431,180

Series 2020A, Rev., 3.00%, 2/15/2024		300,000		310,207

New York City Industrial Development Agency, Pilot Capital Appreciation Yankee Stadium Project Series 2009A, Rev., AGC, Zero Coupon, 3/1/2023 (b)		50,000		49,463


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

New York City Transitional Finance Authority Building Aid Series S-1, Rev., 5.00%, 7/15/2022		280,000		284,494

New York City Transitional Finance Authority, Building Aid, Fiscal Year 2013

Series 2013S-1, Rev., 4.00%, 7/15/2022		110,000		111,360

Series 2013S-1, Rev., 5.00%, 7/15/2023		210,000		213,069

Series 2013S-1, Rev., 5.00%, 7/15/2024		445,000		451,891

Series 2013S-1, Rev., 5.00%, 7/15/2025		335,000		340,187

Series 2013S-1, Rev., 5.00%, 7/15/2026		55,000		55,852

New York City Transitional Finance Authority, Building Aid, Fiscal Year 2015

Series S-1, Rev., 5.00%, 7/15/2022 (b)		200,000		203,255

Series 2015S-2, Rev., 5.00%, 7/15/2023		25,000		26,348

Series S-1, Rev., 5.00%, 7/15/2023		175,000		184,439

New York City Transitional Finance Authority, Building Aid, Fiscal Year 2016

Series 2016S-1, Rev., 5.00%, 7/15/2022 (b)		125,000		127,034

Series 2016S-1, Rev., 5.00%, 7/15/2023 (b)		45,000		47,460

New York City Transitional Finance Authority, Building Aid, Fiscal Year 2018

Series 2018S-4A, Rev., 3.00%, 7/15/2022		100,000		100,868

Series S-1, Rev., 5.00%, 7/15/2022 (b)		20,000		20,322

Series S-2, Rev., 5.00%, 7/15/2022		280,000		284,494

Series 2018S-4, Rev., 5.00%, 7/15/2023 (b)		110,000		116,013

New York City Transitional Finance Authority, Building Aid, Fiscal Year 2019

Series 2019S-1, Rev., 5.00%, 7/15/2022		25,000		25,401

Series 2019S-3, Subseries S-3A, Rev., 5.00%, 7/15/2023		200,000		210,788

Series 2019S-3, Subseries S-3A, Rev., 5.00%, 7/15/2024		50,000		54,413


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

New York City Transitional Finance Authority, Building Aid, Fiscal Year 2021 Series 2020S-1, Rev., 5.00%, 7/15/2022		100,000		101,605

New York City Transitional Finance Authority, Building Aid, Fiscal Year 2022 Series S-1A, Rev., 5.00%, 7/15/2022		20,000		20,321

New York City Transitional Finance Authority, Future Tax Secured

Series 2012F-1, Rev., 5.00%, 5/1/2023		125,000		125,829

Series 2013 I, Rev., 5.00%, 5/1/2023		45,000		47,113

Subseries F-1, Rev., 5.00%, 2/1/2024		20,000		20,733

Subseries F-1, Rev., 5.00%, 5/1/2027		50,000		50,364

New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2003

Series 21-B, Rev., 4.00%, 11/1/2022		25,000		25,530

Series 21-A, Rev., 5.00%, 11/1/2022		95,000		97,642

Subseries 13, Rev., 5.00%, 11/1/2022		115,000		118,199

New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2007 Series 2007A, Subseries A-3, Rev., 5.00%, 8/1/2023		90,000		95,034

New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2012 Series E, Subseries 2012E-1, Rev., 5.00%, 2/1/2025		455,000		456,641

New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2013

Series 2013I, Rev., 5.00%, 5/1/2022		135,000		135,981

Series B, Rev., 2.00%, 11/1/2022		25,000		25,200

Series 2013D, Rev., 5.00%, 11/1/2022		120,000		123,337

Series B, Rev., 3.00%, 11/1/2023		75,000		75,951

Series D, Rev., 2.00%, 11/1/2024		40,000		40,195

Series H, Rev., 5.00%, 11/1/2024		165,000		172,453

Series I, Rev., 3.00%, 5/1/2025		50,000		50,807

Series A, Rev., 5.00%, 8/1/2025		165,000		167,946


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

Series E, Rev., 4.00%, 11/1/2025		10,000		10,212

Series E, Rev., 4.00%, 11/1/2026		45,000		45,954

Series B, Rev., 5.00%, 11/1/2026		40,000		41,113

Series I, Rev., 5.00%, 5/1/2027		55,000		57,484

New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2014

Series 2014A-1, Rev., 5.00%, 11/1/2022		175,000		179,867

Subseries 2014C, Rev., 5.00%, 11/1/2022		210,000		215,841

Series D, Subseries D-1, Rev., 5.00%, 2/1/2023		75,000		77,823

Series 2014C, Rev., 5.00%, 11/1/2023		90,000		95,805

Series 2014B-1, Rev., 5.00%, 11/1/2024		25,000		27,040

Subseries C, Rev., 5.00%, 11/1/2026		20,000		21,592

New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2015

Series B, Subseries B-1, Rev., 5.00%, 8/1/2022		20,000		20,357

Subseries 2015A-1, Rev., 5.00%, 8/1/2022		45,000		45,804

Series 2015C, Rev., 4.00%, 11/1/2022		50,000		51,060

Series C, Rev., 5.00%, 11/1/2022		320,000		328,900

Series B, Subseries B-1, Rev., 3.00%, 8/1/2023		15,000		15,419

New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2016

Series 2016A-1, Rev., 5.00%, 8/1/2022		50,000		50,893

Series 2016A-1, Rev., 4.00%, 8/1/2023		25,000		26,048

New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2017 Subseries F-1, Rev., 5.00%, 5/1/2023		60,000		62,817

New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2018

Series 2018C-1, Rev., 5.00%, 5/1/2022		85,000		85,618

Series 2018A-1, Rev., 5.00%, 8/1/2022		505,000		514,015


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

Series 2018B, Subseries B-1, Rev., 5.00%, 8/1/2022		75,000		76,339

Series 2018-1, Rev., 5.00%, 11/1/2022		130,000		133,616

Series 2018-A-1, Rev., 5.00%, 8/1/2023		10,000		10,559

Series 2018B-1, Rev., 5.00%, 8/1/2024		40,000		43,622

New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2019

Subseries B-1, Rev., 5.00%, 8/1/2022		300,000		305,356

Series 2019C-1, Rev., 5.00%, 11/1/2022		20,000		20,556

New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2020

Series C, Subseries C-1, Rev., 5.00%, 5/1/2022		65,000		65,473

Series 2020A, Rev., 5.00%, 5/1/2023		20,000		20,939

Series 2020C, Subseries C-1, Rev., 5.00%, 5/1/2023 (b)		150,000		157,061

New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2021

Series 2021C, Subseries C-1, Rev., 3.00%, 5/1/2022		190,000		190,760

Series 2021A, Rev., 3.00%, 11/1/2022		395,000		400,767

Subseries E-1, Rev., 5.00%, 2/1/2023		20,000		20,753

Series 2021C, Subseries C-1, Rev., 5.00%, 5/1/2024		25,000		27,046

Series 2021-1, Rev., 5.00%, 11/1/2025		40,000		45,206

New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2022 Series B, Subseries B-1, Rev., 3.00%, 8/1/2023		80,000		82,234

New York City Transitional Finance Authority, Future Tax Secured, Tax-Exempt

Subseries F-1, Rev., 5.00%, 5/1/2022		160,000		161,163

Series 2013B, Rev., 5.00%, 11/1/2022		190,000		195,284

Series F-1, Rev., 5.00%, 2/1/2023		390,000		404,681


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

Subseries F-1, Rev., 5.00%, 2/1/2025		330,000		341,959

Subseries F-1, Rev., 5.00%, 2/1/2026		100,000		103,624

New York City Transitional Finance Authority, Future Tax Secured, Tax-Exempt, Fiscal Year 2012 Series E, Subseries E-1, Rev., 5.00%, 2/1/2023		230,000		230,764

New York City Transitional Finance Authority, Future Tax Secured, Tax-Exempt, Fiscal Year 2013

Series 2013G, Rev., 4.00%, 11/1/2022		25,000		25,530

Series 2013H, Rev., 5.00%, 11/1/2023		70,000		73,166

Series B, Rev., 5.00%, 11/1/2023		100,000		102,587

Series D, Rev., 5.00%, 11/1/2023		25,000		25,647

Series 2013C, Subseries C-1, Rev., 5.00%, 11/1/2025		335,000		344,317

Subseries C-1, Rev., 5.00%, 11/1/2026		75,000		77,086

New York City Transitional Finance Authority, Future Tax Secured, Tax-Exempt, Fiscal Year 2014 Series D, Subseries D-1, Rev., 5.00%, 2/1/2026		65,000		69,621

New York City Transitional Finance Authority, Future Tax Secured, Tax-Exempt, Fiscal Year 2016

Series 2016C, Rev., 5.00%, 11/1/2022		70,000		71,947

Series 2016E-1, Rev., 5.00%, 2/1/2025		25,000		27,641

New York City Transitional Finance Authority, Future Tax Secured, Tax-Exempt, Fiscal Year 2017

Series 2017B, Subseries B-1, Rev., 5.00%, 8/1/2022		95,000		96,696

Series C, Rev., 5.00%, 11/1/2022		80,000		82,225

New York City Transitional Finance Authority, Future Tax Secured, Tax-Exempt, Fiscal Year 2020 Subseries A-1, Rev., 5.00%, 5/1/2022		175,000		176,272

New York City Transitional Finance Authority, Future Tax Secured, Tax-Exempt, Fiscal Year 2022 Series A, Subseries A-1, Rev., 5.00%, 11/1/2022		235,000		241,536


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

New York City Water and Sewer System, Fiscal Year 2012 Subseries 2012A-1, Rev., VRDO, LIQ: Mizuho Bank Ltd., 0.04%, 3/1/2022 (c)		5,200,000		5,200,000

New York City Water and Sewer System, Second General Resolution

Series BB-1B, Rev., VRDO, LIQ: State Street Bank & Trust, 0.08%, 3/1/2022 (c)		12,000,000		12,000,000

Rev., 5.00%, 6/15/2022 (b)		75,000		75,955

Rev., 5.00%, 6/15/2024		155,000		157,013

New York City Water and Sewer System, Second General Resolution, Fiscal Year 2009 Series 2009BB-1, Rev., VRDO, LIQ: UBS AG, 0.09%, 3/1/2022 (c)		4,485,000		4,485,000

New York City Water and Sewer System, Second General Resolution, Fiscal Year 2012

Series 2012EE, Rev., 4.00%, 6/15/2022 (b)		50,000		50,494

Series 2012EE, Rev., 4.00%, 6/15/2022 (b)		75,000		75,741

Series 2012EE, Rev., 5.00%, 6/15/2022 (b)		80,000		81,018

Series FF, Rev., 5.00%, 6/15/2022 (b)		80,000		81,018

New York City Water and Sewer System, Second General Resolution, Fiscal Year 2013 Series 2013CC, Rev., 5.00%, 6/15/2023 (b)		180,000		189,182

New York City Water and Sewer System, Second General Resolution, Fiscal Year 2014 Series 2014DD, Rev., 5.00%, 6/15/2022 (b)		390,000		394,964

New York City Water and Sewer System, Second General Resolution, Fiscal Year 2018 Series 2018CC-2, Rev., 5.00%, 6/15/2024		260,000		268,786

New York City Water and Sewer System, Second General Resolution, Fiscal Year 2019

Rev., VRDO, LIQ: Industrial & Commercial Bank of China, 0.25%, 3/9/2022 (c)		15,000,000		15,000,000

Series 2019DD-2, Rev., 5.00%, 6/15/2024		90,000		93,041

Series 2019DD-2, Rev., 5.00%, 6/15/2025		25,000		26,723


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

New York City Water and Sewer System, Second General Resolution, Fiscal Year 2020 Series 2020CC-2, Rev., 5.00%, 6/15/2022 (b)		100,000		101,273

New York Convention Center Development Corp., Hotel Unit Fee Secured Rev., 5.00%, 11/15/2022		90,000		92,593

New York Convention Center Development Corp., Subordinate Lien, Hotel Unit Fee Secured Series 2016B, Rev., 5.00%, 11/15/2022		30,000		30,798

New York Local Government Assistance Corp., Subordinate Lien Series 2012A, Rev., 5.00%, 4/1/2022 (b)		30,000		30,109

New York Municipal Bond Bank Agency, Prior Year Claims

Series 2012A, Rev., 4.00%, 12/1/2022		175,000		179,263

Series 2012A, Rev., 5.00%, 12/1/2022		55,000		56,749

New York Power Authority Series 2011A, Rev., 5.00%, 11/15/2022 (b)		175,000		180,214

New York State Dormitory Authority Series 2018A, Rev., 5.00%, 7/1/2022		35,000		35,514

New York State Dormitory Authority, Barnard College

Series 2015A, Rev., 5.00%, 7/1/2022		180,000		182,639

Series 2020A, Rev., 4.00%, 7/1/2023		30,000		31,190

New York State Dormitory Authority, Bidding Group 1 Bonds Series 2018C, Rev., 5.00%, 3/15/2022		70,000		70,115

New York State Dormitory Authority, Columbia University

Series 2012A, Rev., 5.00%, 10/1/2022		320,000		328,047

Series B, Rev., 5.00%, 10/1/2022		70,000		71,760

New York State Dormitory Authority, Cornell University

Series 2016A, Rev., 4.00%, 7/1/2022		20,000		20,229

Series 2019A, Rev., 4.00%, 7/1/2022		20,000		20,228

New York State Dormitory Authority, Court Facilities Lease

Rev., AMBAC, 5.50%, 5/15/2022		380,000		383,835

Rev., 5.00%, 8/1/2022		140,000		142,494


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

New York State Dormitory Authority, Department of Health

Series 2016A, Rev., 5.00%, 7/1/2022		390,000		395,744

Series 2016A, Rev., 5.00%, 7/1/2023		140,000		147,399

New York State Dormitory Authority, Education, State Personal Income Tax

Series 2005B, Rev., AMBAC, 5.50%, 3/15/2022		35,000		35,064

Series 2005B, Rev., AMBAC, 5.50%, 3/15/2023		160,000		167,647

Series B, Rev., AMBAC, 5.50%, 3/15/2024		100,000		108,652

New York State Dormitory Authority, Fordham University

Series 2016A, Rev., 4.00%, 7/1/2022		125,000		126,387

Rev., 5.00%, 7/1/2022		105,000		106,511

Rev., 5.00%, 7/1/2023		200,000		210,487

New York State Dormitory Authority, Harborfields Public Library Rev., 4.00%, 7/1/2022		40,000		40,457

New York State Dormitory Authority, Hospitals Center, Langone Hospitals Obligated Group

Series 2016A, Rev., 4.00%, 7/1/2022		85,000		85,923

Rev., 5.00%, 7/1/2022		610,000		618,635

Rev., 5.00%, 7/1/2023		325,000		341,731

Rev., 5.00%, 7/1/2024		965,000		1,047,027

Rev., 5.00%, 7/1/2026		465,000		503,743

New York State Dormitory Authority, Icahn School of Medicine at Mount Sinai

Series 2015A, Rev., 5.00%, 7/1/2022		275,000		279,032

Rev., 5.00%, 7/1/2023		350,000		368,640

Series 2015A, Rev., 5.00%, 7/1/2024		260,000		281,038

Series 2015A, Rev., 5.00%, 7/1/2025		35,000		38,911

New York State Dormitory Authority, Master Boces Program Rev., 5.00%, 8/15/2022		100,000		101,958

New York State Dormitory Authority, Master Boces Program Lease Rev., 5.00%, 8/15/2022		60,000		61,188


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

New York State Dormitory Authority, Memorial Sloan-Kettering Cancer Center Rev., NATL-RE, 5.50%, 7/1/2023		655,000		679,481

New York State Dormitory Authority, Mount Sinai School of Medical Series 1994A, Rev., NATL-RE, 5.15%, 7/1/2024		100,000		104,924

New York State Dormitory Authority, Municipal Health Facilities Improvement Program

Series 2018-1, Rev., 5.00%, 1/15/2025		200,000		220,123

Series 1, Rev., 5.00%, 1/15/2027		75,000		87,017

New York State Dormitory Authority, New York University

Series 2012A, Rev., 3.75%, 7/1/2022 (b)		50,000		50,520

Series 2015A, Rev., 5.00%, 7/1/2022		140,000		142,057

Series 2017A, Rev., 5.00%, 7/1/2022		250,000		253,674

Series 2015A-1, Rev., 3.00%, 7/1/2023		100,000		102,715

Series 2016A, Rev., 5.00%, 7/1/2023		120,000		126,424

Series 2017A, Rev., 5.00%, 7/1/2023		80,000		84,283

New York State Dormitory Authority, North Shore-Long Island Jewish Obligated Group

Series 2015A, Rev., 4.00%, 5/1/2022		100,000		100,553

Series 2015A-1, Rev., 5.00%, 5/1/2022		65,000		65,466

Series 2015A, Rev., 5.00%, 5/1/2023		1,035,000		1,082,364

Rev., 5.00%, 5/1/2025		300,000		330,920

New York State Dormitory Authority, Northwell Health Obligated Group

Series 2019A, Rev., 5.00%, 5/1/2022		335,000		337,401

Rev., 5.00%, 5/1/2023		200,000		209,153

Series 2019B2, Rev., 5.00%, 5/1/2024 (c)		240,000		254,822

New York State Dormitory Authority, NYSARC, Inc. Rev., 5.00%, 7/1/2022		170,000		172,504

New York State Dormitory Authority, Rochester Institute of Technology

Rev., 4.00%, 7/1/2022		25,000		25,284


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

Rev., 4.00%, 7/1/2022 (b)		140,000		141,553

Rev., 5.00%, 7/1/2022 (b)		50,000		50,720

New York State Dormitory Authority, School Districts Financing Program

Series 2015A, Rev., AGM, 4.00%, 4/1/2022		20,000		20,058

Series 2018D, Rev., 5.00%, 4/1/2022		25,000		25,092

Series A, Rev., 5.00%, 4/1/2022		110,000		110,401

Rev., 4.00%, 10/1/2022		125,000		127,369

Series 2017G, Rev., 4.00%, 10/1/2022		45,000		45,866

Series 2018C, Rev., 4.00%, 10/1/2022		45,000		45,840

Series 2019C, Rev., 4.00%, 10/1/2022		50,000		50,839

Series 2019D, Rev., 4.00%, 10/1/2022		135,000		137,265

Series 2021A, Rev., 4.00%, 10/1/2022		135,000		137,550

Series A, Rev., 4.00%, 10/1/2022		75,000		76,421

Series C, Rev., 4.00%, 10/1/2022		45,000		45,755

Series 2013A, Rev., AGM, 5.00%, 10/1/2022		100,000		102,438

Series 2013C, Rev., 5.00%, 10/1/2022		50,000		51,127

Series 2013E, Rev., AGM, 5.00%, 10/1/2022		25,000		25,609

Series 2014A, Rev., AGM, 5.00%, 10/1/2022		230,000		235,634

Series 2014E, Rev., AGM, 5.00%, 10/1/2022		50,000		51,219

Series 2015B, Rev., AGM, 5.00%, 10/1/2022		65,000		66,569

Series 2015D, Rev., 5.00%, 10/1/2022		35,000		35,810

Series 2017C, Rev., 5.00%, 10/1/2022		50,000		51,127

Series 2017G, Rev., 5.00%, 10/1/2022		35,000		35,876

Series 2018A, Rev., 5.00%, 10/1/2022		470,000		481,764

Series 2019A, Rev., 5.00%, 10/1/2022		345,000		353,512

Series 2020A, Rev., AGM, 5.00%, 10/1/2022		40,000		40,977

Series 2020D, Rev., AGM, 5.00%, 10/1/2022		45,000		46,132


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

Series A, Rev., 5.00%, 10/1/2022		750,000		767,362

Series A, Subseries A-1, Rev., 5.00%, 10/1/2022		200,000		204,946

Series E, Rev., 5.00%, 10/1/2022		120,000		122,968

Series H, Rev., 5.00%, 10/1/2022		30,000		30,751

Series A, Rev., AGM, 5.00%, 4/1/2023		50,000		51,196

Series 2017G, Rev., 4.00%, 10/1/2023		20,000		20,892

Series 2012D, Rev., AGM, 5.00%, 10/1/2023		300,000		306,832

Series 2014A, Rev., AGM, 5.00%, 10/1/2023		95,000		100,706

Series 2015D, Rev., 5.00%, 10/1/2023		20,000		21,201

Series 2016G, Rev., 5.00%, 10/1/2023		40,000		42,364

Series 2017F, Rev., 5.00%, 10/1/2023		150,000		158,209

Series 2017G, Rev., 5.00%, 10/1/2023		55,000		58,313

Series 2019A, Rev., 5.00%, 10/1/2023		265,000		280,961

Series 2020B, Rev., 5.00%, 10/1/2023		50,000		52,955

Series 2015D, Rev., 5.00%, 10/1/2024		165,000		179,386

Series C, Rev., 5.00%, 10/1/2024		100,000		102,432

Series 2017G, Rev., 5.00%, 10/1/2025		1,375,000		1,536,971

Series H, Rev., 5.00%, 10/1/2025		135,000		138,243

New York State Dormitory Authority, Smithtown Special Library Rev., 5.00%, 7/1/2022		215,000		218,152

New York State Dormitory Authority, St. John’s University

Series 2012B, Rev., 5.00%, 7/1/2022 (b)		25,000		25,360

Series 2015A, Rev., 5.00%, 7/1/2022		70,000		71,026

Series 2007C, Rev., NATL-RE, 5.25%, 7/1/2023		110,000		116,221

New York State Dormitory Authority, State Personal Income Tax

Series 2018A, Rev., 5.00%, 3/15/2022		25,000		25,041

Series 2020A, Rev., 5.00%, 3/15/2022		30,000		30,050


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

Series 2020A, Rev., 5.00%, 9/15/2022		25,000		25,581

Series 2017B, Rev., 5.00%, 2/15/2023 (b)		785,000		815,635

Series 2021E, Rev., 5.00%, 3/15/2023		20,000		20,853

Series 2015B, Rev., 5.00%, 2/15/2024		20,000		21,494

Series 2015A, Rev., 5.00%, 3/15/2026		70,000		77,301

New York State Dormitory Authority, State Personal Income Tax, General Purpose

Series 2012B, Rev., 5.00%, 3/15/2022		95,000		95,156

Series 2014C, Rev., 5.00%, 3/15/2022		405,000		405,667

Series 2015A, Rev., 5.00%, 3/15/2022		290,000		290,478

Series 2015E, Rev., 5.00%, 3/15/2022		180,000		180,297

Series 2012A, Rev., 4.00%, 12/15/2022 (b)		320,000		328,072

Series 2012A, Rev., 5.00%, 12/15/2022		755,000		779,954

Series 2014F, Rev., 3.00%, 2/15/2023 (b)		50,000		51,020

Series 2013A, Rev., 5.00%, 2/15/2023 (b)		195,000		202,671

Series 2013A, Rev., 5.00%, 2/15/2023		100,000		103,948

Series 2014A, Rev., 5.00%, 2/15/2023		350,000		363,817

Series 2014E, Rev., 5.00%, 2/15/2023		120,000		124,737

Series 2015B, Rev., 5.00%, 2/15/2023		190,000		197,500

Series 2016A, Rev., 5.00%, 2/15/2023		60,000		62,369

Series 2016D, Rev., 5.00%, 2/15/2023 (b)		235,000		244,130

Series 2017A, Rev., 5.00%, 2/15/2023 (b)		105,000		109,089

Series 2015A, Rev., 5.00%, 3/15/2023 (b)		125,000		130,306

Series 2015E, Rev., 5.00%, 3/15/2023 (b)		235,000		244,976

Series 2018A, Rev., 5.00%, 3/15/2023 (b)		105,000		109,457


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

Series A, Rev., 5.00%, 3/15/2023 (b)		155,000		161,580

Series 2012A, Rev., 5.00%, 12/15/2023		95,000		97,911

Series 2014A, Rev., 4.00%, 2/15/2024 (b)		35,000		36,928

Series 2013A, Rev., 5.00%, 2/15/2024		20,000		20,733

Series 2019D, Rev., 5.00%, 2/15/2024		40,000		42,988

Series 2012B, Rev., 5.00%, 3/15/2024		90,000		90,326

Series 2018A, Rev., 5.00%, 3/15/2024 (b)		525,000		565,427

Series 2012A, Rev., 5.00%, 12/15/2024		480,000		496,104

Series 2014A, Rev., 5.00%, 2/15/2025		115,000		123,429

Series 2012A, Rev., 5.00%, 12/15/2025		110,000		113,691

Series 2014A, Rev., 5.00%, 2/15/2026		40,000		42,908

Series 2012B, Rev., 5.00%, 3/15/2026		50,000		50,186

Series 2014A, Rev., 5.00%, 2/15/2027		20,000		21,442

Series 2012A, Rev., 5.00%, 12/15/2027		20,000		20,671

New York State Dormitory Authority, State Sales Tax

Series 2013A, Rev., 5.00%, 3/15/2022		510,000		510,840

Series 2014A, Rev., 5.00%, 3/15/2022		200,000		200,329

Series 2015A, Rev., 5.00%, 3/15/2022		80,000		80,132

Series 2015B, Rev., 5.00%, 3/15/2022		100,000		100,165

Series 2016A, Rev., 5.00%, 3/15/2022		50,000		50,082

Series 2017A, Rev., 5.00%, 3/15/2022		65,000		65,107

Series 2018A, Rev., 5.00%, 3/15/2022		50,000		50,082

Series 2018E, Rev., 5.00%, 3/15/2022		45,000		45,074

Series 2013A, Rev., 5.00%, 3/15/2023		150,000		156,397


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

Series 2013A, Rev., 5.00%, 3/15/2023 (b)		330,000		344,009

Series 2015A, Rev., 5.00%, 3/15/2023		125,000		130,331

Series 2015B, Rev., 5.00%, 3/15/2023		105,000		109,478

Series 2017A, Rev., 5.00%, 3/15/2023		25,000		26,066

Series 2018A, Rev., 5.00%, 3/15/2023		30,000		31,279

Series A, Rev., 5.00%, 3/15/2023		90,000		93,838

Series 2013A, Rev., 5.00%, 3/15/2024		620,000		646,313

Series 2016A, Rev., 5.00%, 3/15/2024		50,000		53,825

New York State Dormitory Authority, State University Dormitory Facilities

Series 2012A, Rev., 5.00%, 7/1/2022 (b)		360,000		365,242

Series 2013A, Rev., 5.00%, 7/1/2022 (b)		100,000		101,456

Series 2015A, Rev., 5.00%, 7/1/2022 (b)		205,000		207,950

Series 2015B, Rev., 5.00%, 7/1/2022 (b)		20,000		20,291

Series 2017A, Rev., 5.00%, 7/1/2022 (b)		30,000		30,432

Series 2013A, Rev., 5.00%, 7/1/2023 (b)		535,000		563,419

Series 2013A, Rev., 5.00%, 7/1/2023		305,000		320,868

New York State Dormitory Authority, State University Educational Facilities Series 1994A, Rev., NATL-RE, Zero Coupon, 5/15/2022		30,000		29,961

New York State Dormitory Authority, Third General Resolution, State University Educational Facilities

Series 2012A, Rev., 4.00%, 5/15/2022		250,000		251,775

Series 2012A, Rev., 5.00%, 5/15/2022		910,000		918,283

Series 2012A, Rev., 5.00%, 5/15/2023		905,000		912,496

Series 2005A, Rev., NATL-RE, 5.50%, 5/15/2023		30,000		31,645

Rev., 5.00%, 5/15/2024		575,000		580,091

Series A, Rev., 5.00%, 5/15/2025		165,000		166,461


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

Series 2012A, Rev., 5.00%, 5/15/2026		105,000		105,929

Series 2012A, Rev., 5.00%, 5/15/2027		120,000		121,062

New York State Energy Research and Development Authority, Electric and Gas Corp. Project Series 2004C, Rev., 2.63%, 7/3/2023 (c)		425,000		431,900

New York State Environmental Facilities Corp., State Clean Water and Drinking Water Revolving Funds, Municipal Water Finance Authority Projects —Second Resolution

Series 2017E, Rev., 4.00%, 6/15/2022		50,000		50,492

Series 2012A, Rev., 5.00%, 6/15/2022		90,000		91,142

Series 2012D, Rev., 5.00%, 6/15/2022		305,000		308,872

Series 2013A, Rev., 5.00%, 6/15/2022		60,000		60,762

Series 2017A, Rev., 5.00%, 6/15/2022		30,000		30,381

Series 2019B, Rev., 5.00%, 6/15/2022		40,000		40,508

Series 2020A, Rev., 5.00%, 6/15/2022		35,000		35,444

Series 2021A, Rev., 5.00%, 6/15/2022		30,000		30,381

Series 2012A, Rev., 5.00%, 6/15/2023		185,000		187,155

Series 2015A, Rev., 5.00%, 6/15/2023		20,000		21,033

Series 2018A, Rev., 5.00%, 6/15/2023		25,000		26,291

Series 2021A, Rev., 5.00%, 6/15/2023		50,000		52,582

Series 2012A, Rev., 5.00%, 6/15/2024		75,000		75,983

Series 2013A, Rev., 5.00%, 6/15/2024		50,000		52,589

Series 2021D, Rev., 5.00%, 6/15/2024		65,000		65,852

Series 2012A, Rev., 5.00%, 6/15/2025		75,000		75,956

Series 2013A, Rev., 5.00%, 6/15/2025		40,000		42,071

Series 2012A, Rev., 4.00%, 6/15/2026		135,000		136,266


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

New York State Environmental Facilities Corp., State Revolving Funds, Master Financing Program

Series 2015B, Rev., 5.00%, 3/15/2022		120,000		120,197

Series 2013B, Rev., 5.00%, 5/15/2022		85,000		85,772

Series 2011A, Rev., 5.00%, 8/15/2022		50,000		50,986

Series 2012D, Rev., 5.00%, 9/15/2022		90,000		92,080

Series 2013B, Rev., 4.00%, 11/15/2022		50,000		51,137

Series 2012E, Rev., 5.00%, 5/15/2024		40,000		40,375

New York State Housing Finance Agency, 160 Madison Avenue LLC Series 2013A, Rev., VRDO, LOC: Landesbank Hessen-Thueringen, 0.03%, 3/1/2022 (c)		20,000,000		20,000,000

New York State Housing Finance Agency, Historic Front Street Series 2003A, Rev., VRDO, LOC: Landesbank Hessen-Thueringen, 0.21%, 3/9/2022 (c)		22,000,000		22,000,000

New York State Thruway Authority

Series J, Rev., 3.00%, 1/1/2023		20,000		20,355

Series J, Rev., 5.00%, 1/1/2023		100,000		103,426

Series K, Rev., 5.00%, 1/1/2023		345,000		356,822

Series L, Rev., 5.00%, 1/1/2023		980,000		1,013,581

Series J, Rev., 5.00%, 1/1/2024		165,000		176,237

Series K, Rev., 5.00%, 1/1/2024		50,000		53,405

Series L, Rev., 5.00%, 1/1/2024		40,000		42,724

Series J, Rev., 5.00%, 1/1/2026		485,000		517,664

New York State Thruway Authority, Highway and Bridge Trust Fund

Series 2012A, Rev., 4.00%, 4/1/2022		85,000		85,244

Series 2012A, Rev., 5.00%, 4/1/2022		795,000		797,920

Series 2012A, Rev., 5.00%, 4/1/2023		240,000		240,795

Series 2012A, Rev., 5.00%, 4/1/2024		250,000		250,858

Series 2012A, Rev., 5.00%, 4/1/2026		770,000		772,644

New York State Thruway Authority, State Personal Income Tax, Transportation

Series 2012A, Rev., 3.00%, 3/15/2022		40,000		40,037


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

Series 2012A, Rev., 5.00%, 3/15/2022		190,000		190,313

Series 2013A, Rev., 5.00%, 3/15/2022		75,000		75,124

Series 2013A, Rev., 5.00%, 3/15/2023		105,000		109,478

Series 2013A, Rev., 5.00%, 3/15/2024		25,000		26,045

Series 2013A, Rev., 5.00%, 3/15/2025		30,000		31,247

Series 2021A-1, Rev., 5.00%, 3/15/2025		185,000		205,053

New York State Urban Development Corp., State Personal Income Tax, General Purpose

Series 2013C, Rev., 5.00%, 3/15/2022		85,000		85,140

Series 2013D, Rev., 5.00%, 3/15/2022		485,000		485,799

Series 2013E-A, Rev., 5.00%, 3/15/2022		180,000		180,296

Series 2014A-A, Rev., 5.00%, 3/15/2022		345,000		345,568

Series 2015A, Rev., 5.00%, 3/15/2022		130,000		130,214

Series 2016A, Rev., 5.00%, 3/15/2022		455,000		455,750

Series A-1, Rev., 5.00%, 3/15/2022		155,000		155,255

Series 2013C, Rev., 5.00%, 3/15/2023		35,000		36,493

Series 2013D, Rev., 5.00%, 3/15/2023		45,000		46,919

Series 2013E-A, Rev., 5.00%, 3/15/2023		25,000		26,066

Series 2014A-A, Rev., 5.00%, 3/15/2023		95,000		99,051

Series 2015A, Rev., 5.00%, 3/15/2023		110,000		114,691

Series 2016A, Rev., 5.00%, 3/15/2023		275,000		286,728

Series 2020C, Rev., 5.00%, 3/15/2023		50,000		52,132

Series A-1, Rev., 5.00%, 3/15/2023		80,000		83,412

Series 2013C, Rev., 5.00%, 3/15/2024		175,000		182,223

Series 2013D, Rev., 5.00%, 3/15/2024		265,000		275,937

Series 2013E-B, Rev., 5.00%, 3/15/2024		150,000		156,191


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

Series 2014A, Rev., 5.00%, 3/15/2024		60,000		64,590

Series A-1, Rev., 5.00%, 3/15/2024		95,000		98,921

Series 2014A, Rev., 5.00%, 3/15/2025		50,000		53,730

Series 2015A, Rev., 5.00%, 3/15/2025		75,000		83,153

Series 2016A, Rev., 5.00%, 3/15/2025		30,000		33,261

Series 2017A, Rev., 5.00%, 3/15/2025		80,000		88,697

Series A-1, Rev., 5.00%, 3/15/2025		25,000		26,032

Series 2013C, Rev., 5.00%, 3/15/2026		45,000		46,857

Series 2013C, Rev., 5.00%, 3/15/2027		235,000		244,698

New York State Urban Development Corp., State Personal Income Tax, State Facilities and Equipment

Series A-2, Rev., NATL-RE, 5.50%, 3/15/2022		60,000		60,109

Series A-2, Rev., NATL-RE, 5.50%, 3/15/2023		30,000		31,434

New York State Urban Development Corp., State Sales Tax

Series 2019A, Rev., 5.00%, 3/15/2022		55,000		55,091

Series 2021A, Rev., 5.00%, 3/15/2023		25,000		26,066

Newark Central School District GO, 4.00%, 6/15/2022		20,000		20,190

Niskayuna Central School District

GO, 4.00%, 4/15/2022		165,000		165,680

GO, 4.00%, 6/15/2022		180,000		181,735

GO, 4.00%, 4/15/2023		70,000		72,346

North Salem Central School District GO, 3.00%, 6/15/2022		45,000		45,311

North Syracuse Central School District GO, NATL-RE, 5.00%, 6/15/2022		25,000		25,315

North Tonawanda City School District GO, 5.00%, 9/1/2022		25,000		25,539

Northport-East Northport Union Free School District

Series 2013A, GO, 4.00%, 4/1/2022		30,000		30,087

GO, TAN, 1.50%, 6/24/2022		315,000		315,604

Nyack Union Free School District GO, 5.00%, 6/15/2022		165,000		167,056


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

Onondaga County Water Authority

Series 2016A, Rev., 5.00%, 9/15/2022		20,000		20,469

Series 2015A, Rev., 2.25%, 9/15/2023		40,000		40,784

Orchard Park Central School District

Series 2019B, GO, 5.00%, 7/1/2022		45,000		45,655

GO, 4.00%, 8/1/2022		90,000		91,255

Oyster Bay-East Norwich Central School District

GO, TAN, 1.25%, 6/24/2022		5,000,000		5,004,898

GO, 4.00%, 9/15/2022		260,000		264,650

Patchogue-Medford Union Free School District Series 2012B, GO, AGM, 5.00%, 7/1/2022		30,000		30,436

Pearl River Union Free School District GO, 2.00%, 6/1/2023		20,000		20,243

Pelham Union Free School District

GO, 5.00%, 8/15/2022		20,000		20,397

GO, 4.00%, 11/15/2022		70,000		71,608

Penfield Central School District

GO, 2.00%, 6/15/2022		120,000		120,479

GO, 4.00%, 6/15/2022		20,000		20,194

Phelps-Clifton Springs Central School District GO, AGM, 5.00%, 6/15/2022		100,000		101,249

Pittsford Central School District

GO, 4.00%, 10/1/2022		105,000		107,027

Series 2012B, GO, 4.00%, 12/15/2022		20,000		20,510

Pleasantville Union Free School District GO, 5.00%, 5/1/2023		20,000		20,927

Port Authority of New York and New Jersey, Consolidated

Series 189, Rev., 5.00%, 5/1/2022		590,000		594,269

Series 209, Rev., 5.00%, 7/15/2022		85,000		86,355

Series 194, Rev., 5.00%, 10/15/2022		155,000		159,023

Series 205, Rev., 5.00%, 11/15/2022		175,000		180,105

Series 173, Rev., 4.00%, 12/1/2022		485,000		488,766

Series 175, Rev., 5.00%, 12/1/2022		350,000		360,808

Series 179, Rev., 5.00%, 12/1/2022		755,000		778,314

Series 189, Rev., 5.00%, 5/1/2023		65,000		68,006

Series 209, Rev., 5.00%, 7/15/2023		20,000		21,070

Series 173, Rev., 4.00%, 12/1/2023		515,000		518,589

Series 179, Rev., 5.00%, 12/1/2023		35,000		37,316

Series 189, Rev., 5.00%, 5/1/2025		45,000		50,110


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

Series 173, Rev., 4.00%, 12/1/2025		285,000		287,310

Series 175, Rev., 5.00%, 12/1/2025		50,000		51,578

Series 179, Rev., 5.00%, 12/1/2025		175,000		186,740

Series 173, Rev., 4.00%, 12/1/2026		165,000		166,321

Port Washington Union Free School District GO, 5.00%, 12/1/2022		60,000		61,908

Pulaski Central School District GO, AGM, 5.00%, 6/15/2022		30,000		30,383

Putnam Valley Central School District GO, 5.00%, 6/15/2022		100,000		101,278

Riverhead Central School District GO, 3.00%, 3/15/2022		25,000		25,023

Rockland County Solid Waste Management Authority Series 2018A, Rev., 5.00%, 12/15/2022		60,000		61,965

Roslyn Union Free School District GO, 2.00%, 6/15/2022		35,000		35,142

Rye City School District

GO, 5.00%, 5/15/2022		25,000		25,228

GO, BAN, 1.00%, 7/1/2022		145,000		145,074

GO, 2.00%, 8/15/2022		90,000		90,100

Sachem Central School District GO, 5.00%, 10/15/2022		105,000		107,798

Sales Tax Asset Receivable Corp., Fiscal Year 2015

Series 2015A, Rev., 4.00%, 10/15/2022 (b)		485,000		494,866

Series 2015A, Rev., 5.00%, 10/15/2022 (b)		460,000		472,195

Series 2015A, Rev., 5.00%, 10/15/2023 (b)		40,000		42,534

Series 2015A, Rev., 5.00%, 10/15/2024 (b)		45,000		49,371

Saratoga Springs City School District GO, 5.00%, 6/15/2022		330,000		334,209

Sayville Union Free School District GO, 4.00%, 6/15/2022		50,000		50,496

Schenectady City School District

Series 2014A, GO, 2.25%, 5/15/2022		25,000		25,085

Series 2014B, GO, 3.00%, 7/1/2022		50,000		50,388

Schenectady County Capital Resource Corp., Union College Project Series 2012A, Rev., 5.00%, 7/1/2022		55,000		55,806

Shenendehowa Central School District

GO, 3.00%, 6/15/2022		160,000		161,105


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

GO, 4.00%, 6/15/2022		20,000		20,195

GO, 4.00%, 12/15/2022		150,000		153,739

GO, 3.00%, 6/15/2023		65,000		66,674

Shoreham-Wading River Central School District GO, 2.00%, 6/15/2022		45,000		45,190

Smithtown Central School District GO, 5.00%, 10/15/2022		60,000		61,599

Sodus Central School District GO, AGM, 2.13%, 6/15/2022		40,000		40,182

Somers Central School District GO, 5.00%, 8/1/2022		25,000		25,456

South Country Central School District at Brookhaven GO, 4.00%, 10/15/2022		50,000		50,977

South Huntington Union Free School District GO, 5.00%, 12/15/2022		35,000		36,163

South Jefferson Central School District

GO, 2.50%, 6/15/2022		20,000		20,112

GO, BAN, 1.00%, 6/29/2022		4,125,000		4,125,461

Spencerport Central School District GO, 4.00%, 6/15/2022		50,000		50,478

Starpoint Central School District GO, 4.00%, 6/15/2022		70,000		70,685

State of New York

Series 2013A, GO, 5.00%, 3/1/2022		45,000		45,000

Series 2013A, GO, 4.00%, 3/1/2023		85,000		87,675

Series 2013A, GO, 4.00%, 3/1/2023 (b)		40,000		41,238

Series 2013A, GO, 5.00%, 3/1/2023 (b)		120,000		124,904

Series 2015A, GO, 5.00%, 3/15/2023		25,000		26,072

State of New York, Tax Exempt Series 2015C, GO, 5.00%, 4/15/2022		45,000		45,245

Suffern Central School District GO, 5.00%, 10/15/2022		155,000		159,130

Suffolk County Water Authority Rev., 5.00%, 6/1/2022		20,000		20,222

Suffolk County Water Authority, Water System Series 2014A, Rev., 5.00%, 6/1/2023		20,000		21,013

Syosset Central School District

Series 2013A, GO, 5.00%, 7/15/2022		20,000		20,327

Series 2013B, GO, 5.00%, 12/15/2022		40,000		41,329


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

Syracuse Industrial Development Agency Series 2020A, Rev., 4.00%, 5/1/2022		75,000		75,428

Syracuse Industrial Development Agency, School District Project

Series 2018B, Rev., 5.00%, 5/1/2022		30,000		30,220

Series 2021A, Rev., 5.00%, 5/1/2022		95,000		95,697

Rev., 5.00%, 5/1/2023		50,000		52,348

Three Village Central School District Brookhaven & Smithtown

GO, 4.00%, 5/1/2022		25,000		25,145

GO, 5.00%, 5/15/2022		90,000		90,823

GO, 4.00%, 12/15/2022		35,000		35,889

GO, 5.00%, 5/15/2025		30,000		33,385

Tompkins County Development Corp., Tax Exempt Ithaca College Project Rev., 5.00%, 7/1/2022		75,000		76,102

Town of Babylon, Public Improvement GO, 3.00%, 9/1/2022		35,000		35,412

Town of Brookhaven

GO, 4.00%, 3/15/2022		30,000		30,038

GO, 5.00%, 3/15/2022		60,000		60,099

GO, 5.00%, 11/15/2022		55,000		56,648

Town of Brookhaven, Public Improvement

GO, 5.00%, 4/15/2022		25,000		25,136

GO, 4.00%, 7/15/2022		145,000		146,837

Series 2018A, GO, 5.00%, 9/15/2022		70,000		71,629

Town of Cheektowaga, Various Purpose GO, 5.00%, 7/1/2022		20,000		20,294

Town of Clarence, Public Improvement Series 2020A, GO, 4.00%, 8/15/2022		25,000		25,379

Town of Clarkstown, Public Improvement

GO, 2.00%, 6/15/2022		25,000		25,098

GO, 3.00%, 6/15/2022		185,000		186,298

Town of Colonie, Public Improvement

GO, 4.00%, 5/1/2022		25,000		25,136

GO, AGM, 2.00%, 3/1/2023		50,000		50,507

Town of Cornwall, Public Improvement GO, 3.50%, 3/1/2023		40,000		40,081

Town of Deerfield, Public Improvement GO, 5.00%, 9/1/2022		50,000		50,989


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

Town of East Hampton

GO, 5.00%, 3/1/2022		30,000		30,000

Series 2016A, GO, 4.00%, 11/1/2022		25,000		25,544

Town of East Hampton, Various Purpose GO, 5.00%, 7/1/2022		80,000		81,173

Town of Eastchester, Various Purpose GO, 3.00%, 7/15/2022		30,000		30,270

Town of Grand Island GO, BAN, 1.50%, 10/7/2022		9,000,000		9,029,006

Town of Grand Island, Public Improvement GO, 3.00%, 7/15/2022		25,000		25,224

Town of Greenburgh, Public Improvement

GO, 5.00%, 4/15/2022		25,000		25,136

GO, 3.00%, 5/15/2022		20,000		20,102

GO, 5.00%, 10/1/2022		55,000		56,380

Series 2021A, GO, 5.00%, 4/1/2023		200,000		208,887

Town of Harrison, Public Improvement GO, 5.00%, 12/1/2022		35,000		36,110

Town of Hempstead, Public Improvement

GO, 5.00%, 4/15/2022		105,000		105,563

Series 2019B, GO, 5.00%, 8/1/2022		25,000		25,449

Series 2019A, GO, 5.00%, 8/15/2022		90,000		91,762

Town of Huntington, Public Improvement Series 2017B, GO, 5.00%, 11/1/2022		20,000		20,568

Town of Islip, Public Improvement

Series 2016B, GO, 4.00%, 10/15/2022		50,000		51,024

Series 2016A, GO, 5.00%, 11/15/2022		70,000		72,097

Town of Islip, Various Purpose Series 2018A, GO, 5.00%, 5/15/2022		30,000		30,274

Town of Lewisboro Series 2021A, GO, BAN, 1.50%, 4/14/2022		1,311,500		1,312,586

Town of Mount Pleasant, Public Improvement GO, 5.00%, 10/1/2022		60,000		61,509

Town of North Hempstead, Public Improvement

Series 2019A, GO, 5.00%, 3/15/2022		25,000		25,041

Series 2017C, GO, 2.00%, 9/15/2022		30,000		30,214


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

Town of Oyster Bay Series 2021B, GO, BAN, 2.00%, 8/26/2022		285,000		286,587

Town of Oyster Bay, Public Improvement

Series 2014B, GO, 5.00%, 8/15/2022		325,000		331,303

GO, 4.00%, 11/1/2022		610,000		622,565

GO, 4.00%, 2/15/2025		225,000		240,863

Town of Riverhead, Public Improvement GO, 4.00%, 6/1/2022		25,000		25,212

Town of Southeast, Public Improvement Series 2019A, GO, 5.00%, 8/15/2022		50,000		50,993

Town of Wappinger, Public Improvement GO, 4.00%, 4/1/2022		20,000		20,056

Triborough Bridge and Tunnel Authority

Series 2012A, Rev., 5.00%, 11/15/2022 (b)		185,000		190,511

Series 2013C, Rev., 5.00%, 5/15/2023 (b)		40,000		41,946

Series 2013A, Rev., 4.00%, 11/15/2023		100,000		103,492

Series 2008B-1, Rev., 5.00%, 11/15/2023 (b)		25,000		26,654

Series 2013A, Rev., 5.00%, 11/15/2024		370,000		387,487

Series 2012B, Rev., 5.00%, 11/15/2025		40,000		41,135

Series 2013A, Rev., 5.00%, 11/15/2026		85,000		88,933

Triborough Bridge and Tunnel Authority, MTA Bridges and Tunnels

Series 2012B, Rev., 5.00%, 11/15/2022		350,000		360,411

Series 2013A, Rev., 5.00%, 11/15/2022		375,000		386,074

Subseries 2008B-1, Rev., 5.00%, 11/15/2022		205,000		211,098

Series 2012B, Rev., 5.00%, 11/15/2023		660,000		678,199

Series 2013A, Rev., 5.00%, 11/15/2023		570,000		596,273

Series 2016A, Rev., 5.00%, 11/15/2023		20,000		21,330

Series 2012B, Rev., 5.00%, 11/15/2024		210,000		216,005

Series 2012B, Rev., 4.00%, 11/15/2025		255,000		260,456

Series 2013A, Rev., 5.00%, 11/15/2025		330,000		345,311


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

New York — continued

Triborough Bridge and Tunnel Authority, Senior Lien Payroll Tax Series 2021C-2, Rev., 5.00%, 5/15/2022		90,000		90,799

Trust for Cultural Resources of City of New York (The), Carnegie Hall Rev., 5.00%, 12/1/2022		55,000		56,623

Trust for Cultural Resources of City of New York (The), The Museum of Modern Art

Series 2016-1-E, Rev., 4.00%, 2/1/2023		760,000		781,935

Series 2012A, Rev., 5.00%, 4/1/2023		125,000		130,541

Trust for Cultural Resources of The City of New York (The), Wildlife Conservation Society Series 2014A, Rev., 5.00%, 8/1/2023 (b)		50,000		52,804

TSASC, Inc., Tobacco Settlement Series A, Rev., 5.00%, 6/1/2023		100,000		104,312

Union Endicott Central School District GO, 4.00%, 6/15/2022		25,000		25,248

United Nations Development Corp., Senior Lien Series 2019A, Rev., 5.00%, 7/1/2022		80,000		81,178

Utility Debt Securitization Authority

Series 2016B, Rev., 5.00%, 6/15/2024		370,000		374,524

Series 2016B, Rev., 5.00%, 12/15/2024		155,000		159,914

Series 2016A, Rev., 5.00%, 6/15/2025		185,000		194,383

Series 2016B, Rev., 5.00%, 6/15/2025		25,000		26,268

Series 2016A, Rev., 5.00%, 12/15/2025		25,000		26,690

Utility Debt Securitization Authority, Restructuring

Rev., 5.00%, 6/15/2024		105,000		106,284

Rev., 5.00%, 6/15/2025		25,000		26,268

Valley Stream Union Free School District No. 13 GO, 5.00%, 9/1/2022		200,000		204,339

Van Spencer Etten Central School GO, 4.00%, 6/15/2023		25,000		25,891

Vestal Central School District GO, 5.00%, 6/15/2022		60,000		60,767

Victor Central School District GO, 5.00%, 6/15/2022		75,000		75,959

Village of Frankfort, Public Improvement GO, AGM, 3.00%, 11/15/2023		25,000		25,713


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


New York — continued

Village of Freeport Series 2021D, GO, BAN, 1.50%, 11/16/2022		5,140,075		5,156,822

Village of Garden City GO, BAN, 2.00%, 2/17/2023		44,685,000		45,115,174

Village of Manlius GO, AGM, 3.00%, 4/15/2022		30,000		30,088

Village of Mount Kisco GO, 5.00%, 8/15/2022		50,000		50,990

Village of Mount Kisco, Various Purpose GO, 4.00%, 12/1/2022		50,000		51,210

Village of Ossining GO, BAN, 1.25%, 9/23/2022		6,998,526		7,007,634

Village of Patchogue, Public Improvement GO, 2.00%, 7/15/2022		50,000		50,237

Village of Pleasantville, Public Improvement GO, 3.00%, 6/15/2022		85,000		85,599

Village of Tarrytown, Public Improvement GO, 3.00%, 6/15/2022		25,000		25,177

Village of Westbury, Public Improvement GO, 3.00%, 6/15/2022		25,000		25,172

Washingtonville Central School District GO, 5.00%, 6/15/2022		20,000		20,252

Webster Central School District

GO, 4.00%, 10/1/2022		50,000		50,950

GO, 5.00%, 10/1/2022		55,000		56,364

Westchester County Local Development Corp., Purchase Senior Learning Community, Inc. Project Series 2021D, Rev., 2.88%, 7/1/2026 (e)		1,885,000		1,855,788

Western Nassau County Water Authority, Water System Series 2015B, Rev., 5.00%, 4/1/2022		55,000		55,202

White Plains City School District GO, 5.00%, 5/15/2022		50,000		50,457

Whitehall Central School District GO, BAN, 1.00%, 6/28/2022		13,640,097		13,640,360

William Floyd Union Free School District of the Mastics-Moriches-Shirley GO, 5.00%, 12/15/2022		25,000		25,815

Williamsville Central School District GO, 5.00%, 6/1/2022		45,000		45,500

Yorktown Central School District GO, 2.00%, 10/1/2022		110,000		110,845


Total New York				439,603,761


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

North Carolina — 2.0%

Appalachian State University Series A, Rev., 5.00%, 10/1/2022		40,000		40,980

Cape Fear Public Utility Authority Rev., 5.00%, 8/1/2022		75,000		76,355

Charlotte-Mecklenburg Hospital Authority (The), Carolinas Healthcare System

Series 2016A, Rev., 4.00%, 1/15/2023		105,000		107,870

Series 2013A, Rev., 5.00%, 1/15/2023		25,000		25,899

Series 2016A, Rev., 5.00%, 1/15/2025		340,000		374,715

Series 2016A, Rev., 5.00%, 1/15/2026		65,000		73,675

Charlotte-Mecklenburg Hospital Authority (The), Healthcare System, Atrium Health Series 2018C, Rev., 5.00%, 3/1/2023 (c)		910,000		945,890

City of Asheville Rev., 4.00%, 10/1/2022		45,000		45,863

City of Asheville, Limited Obligation Rev., 5.00%, 4/1/2022		40,000		40,146

City of Charlotte

Series 2020A, GO, 4.00%, 6/1/2022		50,000		50,435

Series 2019B, COP, 5.00%, 6/1/2022		100,000		101,105

Series 2021A, COP, 5.00%, 6/1/2022		25,000		25,276

Series 2012A, GO, 5.00%, 7/1/2022 (b)		130,000		131,893

Series 2012A, GO, 5.00%, 7/1/2022		75,000		76,102

Series 2016A, GO, 5.00%, 7/1/2022		45,000		45,661

Series 2018A, GO, 5.00%, 8/1/2022		50,000		50,912

COP, 5.00%, 12/1/2022		40,000		41,263

GO, 5.00%, 12/1/2022		40,000		41,269

Series 2013C, COP, 5.00%, 6/1/2023		25,000		26,247

Series 2013B, GO, 5.00%, 7/1/2023		25,000		26,352

City of Charlotte, Airport Special Facilities Series 2017A, Rev., 5.00%, 7/1/2024		35,000		37,992

City of Charlotte, Convention Facility Project Series 2019A, COP, 5.00%, 6/1/2024		60,000		65,029

City of Charlotte, Douglas International Airport Series 2021B, Rev., AMT, 5.00%, 7/1/2022		50,000		50,683


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


North Carolina — continued

City of Charlotte, Equipment Acquisition and Public Facilities Series 2016A, COP, 5.00%, 12/1/2023		30,000		32,013

City of Charlotte, Water and Sewer System Rev., 5.00%, 7/1/2022		125,000		126,837

City of Concord, Limited Obligation Series 2014A, Rev., 5.00%, 6/1/2022		50,000		50,554

City of Durham

Rev., 4.00%, 4/1/2022		125,000		125,357

Rev., 4.00%, 8/1/2022		40,000		40,559

GO, 5.00%, 9/1/2022		70,000		71,515

GO, 5.00%, 9/1/2023		10,000		10,595

City of Fayetteville GO, 5.00%, 6/1/2022		25,000		25,277

City of Fayetteville, Public Works Commission

Rev., 5.00%, 3/1/2022		50,000		50,000

Rev., 5.00%, 3/1/2023		60,000		62,421

City of Goldsboro GO, 4.00%, 5/1/2022		25,000		25,144

City of Goldsboro, Public Improvement GO, 5.00%, 5/1/2023		25,000		26,168

City of Greensboro

Series 2018B, GO, 5.00%, 10/1/2022		30,000		30,752

GO, 5.00%, 2/1/2023		25,000		25,953

City of Greensboro, Combined Water and Sewer System

Rev., 5.00%, 6/1/2022		100,000		101,108

Rev., 5.25%, 6/1/2022		35,000		35,409

City of High Point, Combined Water and Sewer System Rev., 5.00%, 11/1/2022		50,000		51,421

City of Jacksonville, Enterprise System Rev., 4.00%, 5/1/2022		35,000		35,201

City of Raleigh

Series 2020A, Rev., 5.00%, 6/1/2022		65,000		65,720

Series 2011A, GO, 3.00%, 9/1/2022		25,000		25,293

Series 2016A, GO, 5.00%, 9/1/2022		50,000		51,082

Series 2020A, Rev., 5.00%, 6/1/2023		25,000		26,247

City of Raleigh, Combined Enterprise System

Series 2012A, Rev., 5.00%, 3/1/2022 (b)		115,000		115,000

Series 2013A, Rev., 5.00%, 3/1/2023 (b)		100,000		104,087


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

North Carolina — continued

City of Raleigh, Limited Obligation

Series 2014A, Rev., 4.00%, 10/1/2022		55,000		56,058

Rev., 5.00%, 2/1/2024		50,000		53,624

City of Raleigh, Public Improvement GO, 3.00%, 6/1/2022		25,000		25,154

City of Wilmington

Series 2020B, Rev., 4.00%, 6/1/2022		50,000		50,431

Rev., 5.00%, 6/1/2022		20,000		20,221

Series 2015A, Rev., 5.00%, 6/1/2022		25,000		25,277

City of Winston, Limited Obligation Series C, Rev., 5.00%, 6/1/2022		120,000		121,344

City of Winston-Salem, Water and Sewer System Series 2014A, Rev., 5.00%, 6/1/2022		25,000		25,280

County of Alamance GO, 5.00%, 2/1/2023		55,000		57,091

County of Alamance, Public Improvement GO, 5.00%, 5/1/2022		210,000		211,555

County of Beaufort, Limited Obligation Rev., 5.00%, 6/1/2022 (b)		30,000		30,322

County of Brunswick

Series A, Rev., 5.00%, 6/1/2022		25,000		25,277

GO, 5.00%, 8/1/2022		140,000		142,547

County of Brunswick, Enterprise Systems

Series 2012A, Rev., 5.00%, 4/1/2022 (b)		35,000		35,128

Rev., 5.00%, 4/1/2023		25,000		26,086

County of Buncombe, Limited Obligation

Rev., 3.00%, 6/1/2022		25,000		25,152

Rev., 5.00%, 6/1/2022 (b)		130,000		131,430

Rev., 5.00%, 6/1/2022		195,000		197,150

Series 2012A, Rev., 5.00%, 6/1/2022 (b)		50,000		50,550

Series 2020A, Rev., 5.00%, 6/1/2022		90,000		90,992

Series A, Rev., 5.00%, 6/1/2022		410,000		414,520

County of Cabarrus

GO, 5.00%, 3/1/2022		25,000		25,000

GO, 5.00%, 3/1/2023		20,000		20,813

County of Cabarrus, Installment Financing Contract Rev., 5.00%, 6/1/2022		50,000		50,554

County of Carteret Series 2015B, GO, 5.00%, 11/1/2022		20,000		20,568


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


North Carolina — continued

County of Chatham, Limited Obligation

Rev., 5.00%, 11/1/2022		55,000		56,541

Rev., 4.00%, 12/1/2022 (b)		20,000		20,472

County of Chatham, Public Facility Corp. Rev., GTD, 5.00%, 12/1/2022		20,000		20,625

County of Cumberland, Limited Obligation Rev., 5.00%, 11/1/2022		20,000		20,564

County of Dare Series 2012B, Rev., 5.00%, 6/1/2022		25,000		25,276

County of Dare, Limited Obligation

Series 2013A, Rev., 4.00%, 6/1/2022		25,000		25,214

Series 2016A, Rev., 5.00%, 6/1/2022		25,000		25,276

Series 2020D, Rev., 5.00%, 6/1/2022 (b)		35,000		35,385

County of Davidson, Limited Obligation Rev., 5.00%, 6/1/2022		35,000		35,388

County of Durham

GO, 4.00%, 4/1/2022		25,000		25,072

GO, 5.00%, 4/1/2022		25,000		25,092

GO, 5.00%, 6/1/2022		50,000		50,557

GO, 5.00%, 10/1/2022		40,000		41,006

County of Forsyth

Series 2021B, GO, 4.00%, 3/1/2022		95,000		95,000

GO, 5.00%, 12/1/2022		25,000		25,791

GO, 5.00%, 4/1/2023		30,000		31,330

GO, 5.00%, 12/1/2023		25,000		26,700

County of Forsyth, Limited Tax Rev., 4.00%, 4/1/2022 (b)		35,000		35,100

County of Forsyth, Public Improvement

Series 2017B, GO, 5.00%, 3/1/2022		110,000		110,000

Series 2019A, GO, 5.00%, 3/1/2022		75,000		75,000

GO, 4.00%, 5/1/2023		125,000		125,673

County of Gaston GO, 5.00%, 3/1/2022		75,000		75,000

County of Granville GO, 4.00%, 6/1/2022		25,000		25,215

County of Granville, Limited Obligation Rev., 5.00%, 10/1/2022		20,000		20,495

County of Guilford, Public Improvement

Series 2012A, GO, 3.50%, 3/1/2022 (b)		45,000		45,000

Series 2012A, GO, 5.00%, 3/1/2022		180,000		180,000

Series 2017A, GO, 5.00%, 5/1/2022		40,000		40,297

Series 2017B, GO, 5.00%, 5/1/2022		25,000		25,186

County of Harnett, Limited Obligation Rev., 4.00%, 12/1/2022		25,000		25,603


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

North Carolina — continued

County of Henderson, Limited Obligation Series 2018A, Rev., 5.00%, 6/1/2022		50,000		50,547

County of Iredell, Limited Obligation Rev., 5.00%, 6/1/2022		25,000		25,279

County of Johnson, Limited Obligation

Series 2017A, Rev., 5.00%, 4/1/2022		35,000		35,129

Series 2020A, Rev., 5.00%, 4/1/2022		35,000		35,129

Rev., 4.00%, 6/1/2022 (b)		100,000		100,853

Series 2020A, Rev., 5.00%, 4/1/2023		10,000		10,446

County of Lincoln GO, 3.00%, 6/1/2022		50,000		50,307

County of Macon Rev., 4.00%, 4/1/2022		200,000		200,556

County of Mecklenburg

Series 2016A, GO, 5.00%, 9/1/2022		75,000		76,623

Series 2011-C, GO, 5.25%, 12/1/2022		25,000		25,838

County of Mecklenburg, Limited Obligation Series 2015A, Rev., 5.00%, 10/1/2022		140,000		143,504

County of Moore Rev., 5.00%, 6/1/2022		50,000		50,549

County of New Hanover

Rev., 3.00%, 8/1/2022		370,000		373,661

GO, 5.00%, 8/1/2022		45,000		45,819

Rev., 4.00%, 12/1/2022		50,000		51,210

County of New Hanover, Community College Series 2013A, GO, 3.00%, 6/1/2023 (b)		20,000		20,500

County of New Hanover, Community College Bonds Series 2013A, GO, 5.00%, 6/1/2022		25,000		25,277

County of Onslow GO, 5.00%, 12/1/2022		100,000		103,172

County of Onslow, Limited Obligation

Rev., 4.00%, 10/1/2022		25,000		25,481

Rev., 5.00%, 6/1/2023		20,000		21,000

County of Orange GO, 5.00%, 8/1/2022		30,000		30,546

County of Orange, Limited Obligation Series 2021A, Rev., 5.00%, 11/15/2022		25,000		25,747

County of Pender Series 2016A, GO, 4.00%, 3/1/2022		25,000		25,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


North Carolina — continued

County of Pender, Limited Obligation

Rev., 4.00%, 6/1/2022		25,000		25,212

Rev., 4.50%, 6/1/2022 (b)		30,000		30,293

County of Pitt COP, 5.00%, 4/1/2022 (b)		25,000		25,090

County of Pitt, Limited Obligation Series 2016B, Rev., 5.00%, 4/1/2022		35,000		35,128

County of Randolph, Limited Obligation Series 2013C, Rev., 4.00%, 10/1/2022		30,000		30,572

County of Rockingham, Limited Obligation Rev., 5.00%, 4/1/2022		50,000		50,182

County of Rutherford, Limited Obligation Rev., 4.00%, 3/1/2022		25,000		25,000

County of Sampson, Limited Obligation Rev., 5.00%, 12/1/2022		35,000		36,083

County of Surry Rev., 4.00%, 6/1/2022		25,000		25,212

County of Union

Series 2010-A, GO, 5.00%, 3/1/2022		50,000		50,000

Series 2013A, GO, 5.00%, 3/1/2022		25,000		25,000

GO, 4.00%, 9/1/2022		20,000		20,334

GO, 5.00%, 9/1/2022		30,000		30,649

County of Union, Enterprise System Rev., 5.00%, 6/1/2022		95,000		96,052

County of Union, Limited Obligation Rev., 4.00%, 12/1/2022		175,000		179,250

County of Wake

Series 2010-C, GO, 5.00%, 3/1/2022		50,000		50,000

Series 2016A, GO, 5.00%, 3/1/2022		25,000		25,000

Series 2019B, GO, 5.00%, 3/1/2022		50,000		50,000

Series 2020A, GO, 5.00%, 4/1/2022		35,000		35,129

Series 2012A, GO, 5.00%, 2/1/2023		75,000		75,075

County of Wake, Hospital System Rev., NATL-RE, 5.13%, 10/1/2026 (b)		125,000		136,684

County of Wake, Limited Obligation

Rev., 5.00%, 3/1/2022		40,000		40,000

Rev., 5.00%, 9/1/2022		75,000		76,627

Series 2016A, Rev., 5.00%, 12/1/2022		25,000		25,793

County of Wake, Public Improvement

Series 2017B, GO, 5.00%, 3/1/2022		115,000		115,000

GO, 5.00%, 4/1/2022		50,000		50,184

Series 2018A, GO, 5.00%, 3/1/2023		25,000		26,032


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

North Carolina — continued

County of Watauga, North Carolina Limited Obligation Bonds Rev., 5.00%, 6/1/2022		30,000		30,332

County of Wayne, Limited Obligation Rev., 5.00%, 6/1/2022		30,000		30,328

Durham Capital Financing Corp., Limited Obligation

Rev., 2.00%, 6/1/2022		50,000		50,184

Rev., GTD, 4.00%, 6/1/2022		75,000		75,646

Rev., GTD, 5.00%, 6/1/2022 (b)		80,000		80,880

Rev., 4.00%, 12/1/2022		50,000		51,214

Rev., 5.00%, 6/1/2023 (b)		20,000		21,002

Durham County Industrial Facilities and Pollution Control Financing Authority, Research Triangle Institute Rev., 4.00%, 2/1/2023		50,000		51,303

Durham Housing Authority, Multi-Family Housing, JFK Towers Project Series 2012A, Rev., 5.00%, 12/1/2022 (b)		550,000		566,346

East Carolina University Series 2014A, Rev., 5.00%, 10/1/2022		25,000		25,620

Greenville Utilities Commission Rev., 5.00%, 4/1/2023		75,000		78,291

Jacksonville Public Facilities Corp. Rev., 5.00%, 4/1/2023		20,000		20,871

Jacksonville Public Facilities Corp., Limited Obligation Rev., 5.00%, 4/1/2022 (b)		100,000		100,361

Mooresville Public Facilities Corp., Limited Obligation Rev., 4.00%, 11/1/2022		25,000		25,523

North Carolina Capital Facilities Finance Agency, Duke University Project

Series 2014C, Rev., 5.00%, 4/1/2022 (b)		150,000		150,547

Series 2015B, Rev., 5.00%, 10/1/2025 (b)		20,000		22,572

North Carolina Eastern Municipal Power Agency, Power System

Series 2012D, Rev., 5.00%, 7/1/2022 (b)		50,000		50,728

Series A, Rev., 5.00%, 7/1/2022 (b)		285,000		289,150

Series D, Rev., 5.00%, 7/1/2022 (b)		95,000		96,383

North Carolina Housing Finance Agency, Homeownership

Series 43, Rev., GNMA/FNMA/FHLMC, 1.35%, 1/1/2023		85,000		85,224


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


North Carolina — continued

Series 45, Rev., GNMA/FNMA/FHLMC COLL, 0.40%, 7/1/2023		110,000		108,855

Series 44, Rev., 1.50%, 7/1/2024		250,000		249,626

North Carolina Medical Care Commission, Caromont Health Series 2021B, Rev., 5.00%, 2/1/2026 (c)		255,000		288,135

North Carolina Medical Care Commission, Duke University Health System

Series 2012A, Rev., 5.00%, 6/1/2022 (b)		605,000		611,654

Series 2012A, Rev., 5.00%, 6/1/2022		25,000		25,276

Series 2016A, Rev., 5.00%, 6/1/2022		25,000		25,276

Series 2016A, Rev., 5.00%, 6/1/2023		200,000		210,075

Rev., 5.00%, 6/1/2025		120,000		133,711

Series 2016A, Rev., 5.00%, 6/1/2026		125,000		143,080

North Carolina Medical Care Commission, Health Care Facilities, Wakemed

Series 2012A, Rev., 5.00%, 10/1/2022 (b)		325,000		332,788

Series 2012A, Rev., 5.00%, 10/1/2022 (b)		230,000		235,579

North Carolina Medical Care Commission, Moses Cone Health System Series 2004A, Rev., VRDO, 0.19%, 3/9/2022 (c)		30,000,000		30,000,000

North Carolina Medical Care Commission, Novant Health Series 2013A, Rev., 5.00%, 11/1/2024		160,000		164,374

North Carolina Medical Care Commission, Vidant Health

Series 2012A, Rev., 5.00%, 6/1/2022 (b)		120,000		121,305

Series 2012A, Rev., 5.00%, 6/1/2022		80,000		80,855

North Carolina Medical Care Commission, Wake Forest Baptist Obligated Group

Series 2019B, Rev., 2.20%, 12/1/2022 (c)		6,290,000		6,312,780

Series 2019A, Rev., 5.00%, 12/1/2022		25,000		25,757

Series 2012B, Rev., 5.00%, 12/1/2023		240,000		246,684


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

North Carolina — continued

North Carolina Municipal Power Agency No. 1, Catawba Electric

Series B, Rev., 5.00%, 1/1/2023		1,230,000		1,272,043

Series E, Rev., 5.00%, 1/1/2023		20,000		20,683

Series A, Rev., 5.00%, 1/1/2024		25,000		26,679

Series A, Rev., 5.00%, 1/1/2025		85,000		93,473

Series A, Rev., 5.00%, 1/1/2027		600,000		676,760

North Carolina State University at Raleigh

Rev., 5.00%, 10/1/2022		70,000		71,752

Series 2020A, Rev., 5.00%, 10/1/2022		25,000		25,626

Series 2013A, Rev., 5.00%, 10/1/2023 (b)		80,000		84,948

North Carolina Turnpike Authority, Triangle Expressway System Rev., BAN, 5.00%, 2/1/2024		1,005,000		1,072,693

North Carolina Turnpike Authority, Triangle Expressway System, Senior Lien Rev., 5.00%, 1/1/2025		315,000		343,736

Onslow Water & Sewer Authority, Combined Enterprise System Rev., 5.00%, 12/1/2022		20,000		20,627

Orange County Public Facilities Co., Limited Obligation

Rev., 4.75%, 10/1/2022 (b)		25,000		25,585

Rev., 5.00%, 10/1/2022		90,000		92,237

Rev., 5.00%, 10/1/2023		40,000		42,474

Orange Water and Sewer Authority Rev., 5.00%, 6/1/2022		75,000		75,831

Raleigh Durham Airport Authority Series 2020B, Rev., 5.00%, 5/1/2022		20,000		20,148

State of North Carolina

Rev., 5.00%, 3/1/2022		655,000		655,000

Series 2013C, GO, 4.00%, 5/1/2022		150,000		150,868

Series 2010-C, GO, 5.00%, 5/1/2022		100,000		100,742

Series 2014C, Rev., 5.00%, 5/1/2022		140,000		141,032

Series 2021A, Rev., 5.00%, 5/1/2022		45,000		45,331

Series 2013D, GO, 4.00%, 6/1/2022		150,000		151,295

Series 2013B, GO, 5.00%, 6/1/2022		35,000		35,388

Series 2014A, GO, 5.00%, 6/1/2022		125,000		126,387

Series 2015A, GO, 5.00%, 6/1/2022		50,000		50,555

Rev., 5.00%, 3/1/2023		2,000,000		2,081,113


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


North Carolina — continued

Series 2013A, Rev., 5.00%, 5/1/2023		10,000		10,472

Series 2014C, Rev., 5.00%, 5/1/2023		50,000		52,360

Series 2014B, Rev., 5.00%, 6/1/2023		60,000		63,015

Series 2015A, GO, 5.00%, 6/1/2023		25,000		26,266

Rev., 5.00%, 3/1/2024		40,000		42,923

Rev., 5.00%, 3/1/2026		75,000		82,806

State of North Carolina, Build NC Programs, Limited Obligation

Series 2017B, Rev., 5.00%, 5/1/2022		25,000		25,184

Series 2020B, Rev., 5.00%, 5/1/2022		25,000		25,184

State of North Carolina, Limited Obligation

Series 2013A, Rev., 5.00%, 5/1/2022		95,000		95,700

Series 2019A, Rev., 5.00%, 5/1/2022		35,000		35,258

Series 2014B, Rev., 5.00%, 6/1/2022		295,000		298,252

Series 2013A, Rev., 2.25%, 5/1/2026		10,000		10,108

State of North Carolina, Public Improvement

Series 2018A, GO, 5.00%, 6/1/2022		145,000		146,609

Series 2019B, GO, 5.00%, 6/1/2022		210,000		212,331

Town of Apex, Wastewater System

GO, 3.50%, 6/1/2022 (b)		50,000		50,364

GO, 4.00%, 6/1/2022 (b)		80,000		80,682

GO, 5.00%, 6/1/2022 (b)		25,000		25,275

Town of Cary Series 2017B, GO, 5.00%, 6/1/2022		25,000		25,277

Town of Cary, Combined Utility Enterprise System

Rev., 4.00%, 12/1/2022 (b)		235,000		240,636

Rev., 5.00%, 12/1/2022 (b)		215,000		221,754

Town of Cary, Public Improvement

GO, 5.00%, 3/1/2022		30,000		30,000

GO, 5.00%, 9/1/2022		60,000		61,299

Town of Chapel Hill, Limited Obligation

Rev., 5.00%, 6/1/2022 (b)		145,000		146,576

Rev., 5.00%, 6/1/2022 (b)		80,000		80,870

Town of Mooresville GO, 5.00%, 4/1/2022		100,000		100,366


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

North Carolina — continued

Town of Mooresville, Enterprise System

Rev., 4.00%, 5/1/2022 (b)		50,000		50,282

Rev., 5.00%, 5/1/2022		125,000		125,925

Town of Mooresville, Public Improvement GO, 5.00%, 3/1/2022		25,000		25,000

Town of Oak Island, Enterprise System Rev., AGM, 5.00%, 6/1/2023		10,000		10,487

University of North Carolina at Charlotte (The)

Series 2012A, Rev., 5.00%, 4/1/2022 (b)		120,000		120,438

Series 2017A, Rev., 5.00%, 10/1/2022		150,000		153,754

Series 2020A, Rev., 5.00%, 10/1/2022		30,000		30,751

University of North Carolina at Greensboro

Rev., 5.00%, 4/1/2022		30,000		30,108

Series 2012A, Rev., 5.00%, 4/1/2022 (b)		150,000		150,544

Rev., 5.00%, 4/1/2023		175,000		182,486

University of North Carolina at Wilmington Series 2019B, Rev., 5.00%, 10/1/2022		150,000		153,754

University of North Carolina, School of the Arts

Rev., 5.00%, 2/1/2023		185,000		191,480

Rev., 5.00%, 2/1/2024		150,000		159,956

Rev., 5.00%, 2/1/2025		295,000		322,967

Watauga Public Facilities Corp., Limited Obligation

Series 2012A, Rev., 4.00%, 6/1/2022 (b)		20,000		20,171

Series 2012A, Rev., 5.00%, 6/1/2022 (b)		75,000		75,825


Total North Carolina				62,771,877


North Dakota — 0.1%

Bismarck Public School District No. 1 GO, 5.00%, 5/1/2022		90,000		90,653

City of Bismarck

Series 2016L, GO, 4.00%, 5/1/2022		20,000		20,114

Series 2015K, GO, 5.00%, 5/1/2022		45,000		45,329

Series 2108N, GO, 5.00%, 5/1/2023		50,000		52,318

City of Fargo

Series 2014E, GO, 4.00%, 5/1/2022		100,000		100,553

Series 2014F, GO, 5.00%, 5/1/2022		50,000		50,358

Series 2015A, GO, 5.00%, 5/1/2022		420,000		423,011


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


North Dakota — continued

Series 2019A, GO, 5.00%, 5/1/2022		100,000		100,717

Series 2016A, GO, 5.00%, 7/1/2022		25,000		25,355

Series 2019A, GO, 5.00%, 5/1/2023		20,000		20,915

City of Grand Forks Series 2017B, GO, 5.00%, 12/1/2022		40,000		41,247

City of Grand Forks, Altru Health System

Rev., 5.00%, 12/1/2024		120,000		130,558

Rev., 5.00%, 12/1/2025		200,000		222,988

Rev., 5.00%, 12/1/2026		210,000		239,391

City of Watford City Rev., AGM, 3.00%, 12/1/2022		25,000		25,282

City of West Fargo

Series 2013B, GO, 3.00%, 5/1/2022 (b)		25,000		25,098

Series 2019B, GO, 4.00%, 5/1/2022		250,000		251,392

Series 2014B, GO, 5.00%, 5/1/2022		50,000		50,360

Series 2015B, GO, 5.00%, 5/1/2022		25,000		25,181

Series 2017A, GO, 5.00%, 5/1/2023		25,000		26,144

County of Burleigh, Multi-County Sales Tax Series 2015A, Rev., AGM, 5.00%, 11/1/2022 (b)		40,000		41,113

County of Burleigh, St. Alexius Medical Center Project Series 2012A, Rev., 5.00%, 7/1/2022 (b)		270,000		273,749

County of Stutsman Series 2014A, GO, 4.00%, 10/1/2023		25,000		26,091

Fargo Public School District No. 1, Limited Tax, School Building Series 2016B, GO, 5.00%, 8/1/2022		45,000		45,801

McKenzie County Public School District No. 1 Series 2019A, GO, 5.00%, 8/1/2022		75,000		76,323

Minot Public School District No. 1 GO, 4.00%, 8/1/2025		25,000		27,064

North Dakota Building Authority, Facilities Improvement Series 2020A, Rev., 5.00%, 12/1/2022		35,000		36,102

North Dakota Housing Finance Agency, Home Mortgage Finance Program

Series 2020A, Rev., 1.35%, 4/1/2022		50,000		50,082

Series 2020D, Rev., 2.15%, 7/1/2022		30,000		30,130

Series 2020B, Rev., 1.05%, 7/1/2026		125,000		120,509

North Dakota Public Finance Authority, Capital Financing Program

Series 2013A, Rev., 4.00%, 6/1/2022		25,000		25,211

Series 2019A, Rev., 1.75%, 11/1/2023		430,000		431,878


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

North Dakota — continued

North Dakota Public Finance Authority, State Revolving Fund Program

Series 2015A, Rev., 5.00%, 10/1/2022		25,000		25,617

Series 2016A, Rev., 5.00%, 10/1/2022		20,000		20,493

Series 2015A, Rev., 5.00%, 10/1/2023		25,000		26,551

North Dakota State University of Housing and Auxiliary Facilities Series 2015A, Rev., 5.00%, 4/1/2023		20,000		20,847

Park River Area Public School District No. 8, Limited Tax Series 2015B, GO, 3.00%, 8/1/2022		30,000		30,286

State Board of Higher Education of the State of North Dakota, State College of Science Housing and Auxillary Facilities Rev., 3.00%, 4/1/2022		100,000		100,190

United Public School District No. 7, School Building GO, 3.00%, 8/1/2022		30,000		30,293

West Fargo Public School District No. 6, School Building GO, 4.00%, 8/1/2024		40,000		42,633


Total North Dakota				3,447,927


Ohio — 3.5%

Akron Bath Copley Joint Township Hospital District Rev., 5.00%, 11/15/2023		65,000		65,504

American Municipal Power, Inc., AMP Fremont Energy Center Project Series 2017A, Rev., 5.00%, 2/15/2023		620,000		644,112

American Municipal Power, Inc., Combined Hydroelectric Projects

Series 2016A, Rev., 5.00%, 2/15/2023		535,000		555,807

Series 2020A, Rev., 5.00%, 2/15/2023		100,000		103,889

Subseries 2021A-1, Rev., 4.00%, 2/15/2024		175,000		184,424

American Municipal Power, Inc., Greenup Hydroelectric Projects Series 2016A, Rev., 5.00%, 2/15/2024		150,000		160,965

American Municipal Power, Inc., Prairie State Energy Campus Project

Series 2017A, Rev., 5.00%, 2/15/2024		125,000		134,137


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Ohio — continued

Series 2019B, Rev., 5.00%, 2/15/2024		380,000		407,777

Series 2019B, Rev., 5.00%, 2/15/2025		390,000		431,571

Series 2015A, Rev., 5.00%, 2/15/2026		75,000		80,241

Series 2015A, Rev., 5.00%, 2/15/2027		400,000		427,552

American Municipal Power, Inc., Solar Electricity Prepayment Project Series 2019A, Rev., 5.00%, 2/15/2023		225,000		233,619

Beaver Local School District GO, 4.00%, 12/1/2022		65,000		65,547

Bellbrook-Sugarcreek Local School District, School Improvement, Unlimited Tax GO, 4.00%, 12/1/2022		50,000		51,207

Berea City School District COP, 2.00%, 10/1/2022		25,000		25,163

Big Walnut Local School District, Unlimited Tax Series 2021A, GO, 4.00%, 12/1/2022		35,000		35,834

Bowling Green State University, General Receipts

Series 2016A, Rev., 5.00%, 6/1/2022		140,000		141,483

Series 2020A, Rev., 5.00%, 6/1/2022		25,000		25,265

Series 2020A, Rev., 5.00%, 6/1/2023		20,000		20,959

Buckeye Tobacco Settlement Financing Authority, Capital Appreciation Series A-3, Rev., 6.25%, 6/1/2022 (b)		855,000		867,017

Butler County Transportation Improvement District, Highway Improvement 4.00%, 12/1/2022		30,000		30,729

Centerville City School District, School Improvement GO, 4.00%, 12/1/2022 (b)		60,000		61,439

Central Ohio Solid Waste Authority, Limited Tax GO, 5.00%, 6/1/2022 (b)		25,000		25,275

Central Ohio Solid Waste Authority, Solid Waste Facilities, Limited Tax GO, 5.00%, 12/1/2023		45,000		48,043

Champion Local School District, Classroom Facilities Series 2016-2, GO, 1.75%, 12/1/2022		35,000		35,204


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Ohio — continued

City of Akron, Community Learning Center Rev., 5.00%, 6/1/2022 (b)		235,000		237,585

City of Akron, Income Tax Rev., 5.00%, 12/1/2023		20,000		21,320

City of Akron, Income Tax, Community Learning Centers

Rev., 5.00%, 12/1/2022		85,000		87,618

Series 2012A, Rev., 5.00%, 12/1/2022		325,000		328,534

City of Akron, Income Tax, Various Purpose

Rev., 4.00%, 12/1/2022		200,000		204,675

Rev., 4.00%, 12/1/2023		185,000		194,021

City of Akron, Various Purpose

GO, 2.00%, 12/1/2022		565,000		569,430

Series 2015A, GO, 2.25%, 12/1/2022		75,000		75,727

Series 2017A, GO, 4.00%, 12/1/2022		25,000		25,567

City of Athens, Swimming Pool Facilities GO, 3.00%, 12/1/2023		25,000		25,815

City of Berea, Limited Tax, Various Purpose GO, 3.00%, 12/1/2022		25,000		25,043

City of Cincinnati, Unlimited Tax

Series 2014A, GO, 5.00%, 6/1/2022 (b)		270,000		272,970

Series 2014A, GO, 5.00%, 12/1/2022		380,000		383,973

Series 2021A, GO, 5.00%, 12/1/2022		85,000		87,683

Series 2015A, GO, 5.00%, 12/1/2023		35,000		37,373

City of Cincinnati, Unlimited Tax, Various Purpose

Series 2014A, GO, 5.00%, 6/1/2022 (b)		55,000		55,605

Series 2015A, GO, 5.00%, 12/1/2022		150,000		154,735

City of Cincinnati, Various Purpose Series 2016A, GO, 4.00%, 12/1/2022		40,000		40,965

City of Cleveland

GO, AMBAC, 5.50%, 10/1/2022		155,000		159,309

Series 2016B, Rev., AGM, 5.00%, 1/1/2023		75,000		77,487

City of Cleveland, Income Tax, Subordinate Lien, Public Facilities Improvements

Series 2017A-1, Rev., 4.00%, 10/1/2022		45,000		45,853


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Ohio — continued

Series 2014B-1, Rev., 5.00%, 10/1/2022 (b)		45,000		46,118

Series 2014B-2, Rev., 5.00%, 10/1/2022 (b)		25,000		25,621

Series 2014A-1, Rev., 3.50%, 11/15/2023 (b)		50,000		52,021

Series 2014A-1, Rev., 4.38%, 11/15/2023 (b)		60,000		63,339

City of Cleveland, Subordinate Lien, Income Tax

Rev., 5.00%, 5/15/2022		220,000		221,984

Series 2014B-1, Rev., 5.00%, 10/1/2022		35,000		35,866

Rev., 5.00%, 5/15/2023		195,000		204,409

Series 2015A-2, Rev., 5.00%, 10/1/2023 (b)		45,000		47,783

City of Cleveland, Various Purpose

GO, 5.00%, 12/1/2022		55,000		56,732

GO, 5.00%, 12/1/2026		200,000		232,034

City of Columbus

Series 2012-1, GO, 3.00%, 7/1/2022		125,000		126,009

Series 2012-1, GO, 5.00%, 7/1/2022 (b)		25,000		25,364

City of Columbus, Various Purpose Series 2012-4, GO, 5.00%, 2/15/2023 (b)		60,000		62,360

City of Columbus, Various Purpose, Limited Tax

Series 2019B, GO, 5.00%, 4/1/2022		30,000		30,110

Series 2012-4, GO, 5.00%, 8/15/2022		95,000		96,882

City of Columbus, Various Purpose, Unlimited Tax

Series 2017A, GO, 4.00%, 4/1/2022		60,000		60,172

Series 2019A, GO, 5.00%, 4/1/2022		25,000		25,092

Series 2015A, GO, 3.00%, 7/1/2022		45,000		45,363

GO, 4.00%, 7/1/2022		25,000		25,284

Series 2013-1, GO, 5.00%, 7/1/2022		25,000		25,367

Series 2016A, GO, 2.00%, 8/15/2022		125,000		125,783

Series 2012A, GO, 4.00%, 8/15/2022 (b)		50,000		50,762

Series 2012A, GO, 5.00%, 8/15/2022 (b)		255,000		260,039

Series 2013A, GO, 5.00%, 8/15/2022		95,000		96,882


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Ohio — continued

Series 2013-1, GO, 5.00%, 7/1/2023		170,000		179,100

Series 2013-1, GO, 5.00%, 7/1/2023 (b)		80,000		84,250

City of Dayton, Sewer System Rev., 4.00%, 12/1/2023		290,000		304,451

City of Delaware, Limited Tax Series 2019B, GO, 4.00%, 12/1/2022		35,000		35,837

City of Dublin, Various Purpose GO, 5.00%, 12/1/2022		25,000		25,791

City of Elyria, Limited Tax Series 2019-2, GO, 4.00%, 12/1/2022		175,000		179,117

City of Fairview Park, Limited Tax

GO, 3.00%, 12/1/2022 (b)		55,000		55,906

GO, 4.00%, 12/1/2022 (b)		165,000		168,957

City of Hilliard, Limited Tax, Various Purpose Series 2019A, GO, 5.00%, 12/1/2022		20,000		20,618

City of Kettering GO, 2.00%, 12/1/2022		25,000		25,213

City of Lima, Sanitary Sewer System

Rev., 3.00%, 12/1/2022		35,000		35,547

Rev., 4.00%, 12/1/2022 (b)		30,000		30,708

City of Marysville, Limited Tax GO, 2.25%, 12/1/2022		60,000		60,627

City of Mentor, Limited tax, Various Purpose GO, 3.00%, 12/1/2022		25,000		25,401

City of Middleburg Heights, Southwest General Health Center Project Series 2012A, Rev., 5.00%, 8/1/2022 (b)		260,000		264,697

City of Middleburg Heights, Southwest General Health Center Project, Tax-Exempt Series 2020A, Rev., 4.00%, 8/1/2022		100,000		101,343

City of Middletown GO, 2.00%, 12/1/2022		50,000		50,429

City of New Albany, Limited Tax GO, 3.50%, 12/1/2022		30,000		30,601

City of Newark GO, 2.00%, 12/1/2022		35,000		35,301

City of North Olmsted, Capital Improvement, Limited Tax GO, 3.00%, 12/1/2022		20,000		20,329

City of Reynoldsburg, Limited Tax, Capital Facilities GO, 5.00%, 12/1/2022		25,000		25,770


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Ohio — continued

City of Sharonville, Special Obligation Rev., 4.00%, 12/1/2022		50,000		51,191

City of Springboro, Various Purpose, Limited Tax GO, 2.25%, 12/1/2022		75,000		75,772

City of Tiffin, Limited Tax, Capital Improvement GO, 2.00%, 12/1/2022		50,000		50,392

City of Toledo, Sewerage System Rev., 5.00%, 11/15/2022		55,000		56,644

City of Westerville, Special Obligation

Rev., 5.00%, 12/1/2022		65,000		67,042

Rev., 5.00%, 12/1/2023		25,000		26,677

Clear Fork Valley Local School District COP, 4.00%, 12/1/2022		25,000		25,579

Cleveland Department of Public Utilities Division of Public Power

Rev., AGM, 5.00%, 11/15/2022		60,000		61,763

Rev., AGM, 5.00%, 11/15/2023		100,000		106,526

Cleveland Heights and University Heights City School District GO, 4.50%, 6/1/2023 (b)		25,000		26,098

Cleveland Municipal School District Series 2015A, GO, 5.00%, 12/1/2022		25,000		25,780

Clyde-Green Springs Exempted Village School District COP, 4.00%, 12/1/2022		180,000		184,098

Coldwater Exempted Village School District GO, 3.00%, 12/1/2023		380,000		391,711

Columbus City School District, Limited Tax, School Facilities Construction and Improvement GO, 4.00%, 12/1/2022		25,000		25,603

Columbus Metropolitan Library, Ohio Library Facilities, Special Obligation

Rev., 4.00%, 12/1/2022		65,000		66,579

Rev., 4.00%, 12/1/2024		20,000		21,420

County of Allen, Hospital Facilities and Improvement Bonds, Catholic Health Partners

Series 2012A, Rev., 4.00%, 5/1/2022 (b)		345,000		346,973

Series 2012A, Rev., 5.00%, 5/1/2022		575,000		579,160

County of Allen, Hospital Facilities, Bon Secours Mercy Health, Inc.

Series 2017A, Rev., 5.00%, 8/1/2022		755,000		768,415

Series 2020A, Rev., 5.00%, 12/1/2022		25,000		25,772


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Ohio — continued

County of Allen, Hospital Facilities, Mercy Health Series 2017A, Rev., 5.00%, 8/1/2024		570,000		619,474

County of Ashtabula, Limited Tax, Various Purpose Improvement

GO, 4.00%, 6/1/2022 (b)		85,000		85,714

GO, 5.00%, 6/1/2022 (b)		25,000		25,272

County of Ashtabula, Nontax, Lodge and Conference Center Project Rev., 4.00%, 12/1/2022		55,000		55,358

County of Butler, Hospital Facilities, UC Health Rev., 4.00%, 11/15/2022		290,000		296,225

County of Butler, Sewer System Rev., 4.00%, 12/1/2022		55,000		56,336

County of Cuyahoga, Capital Improvement, Limited Tax Series 2020A, GO, 4.00%, 12/1/2022		220,000		225,142

County of Cuyahoga, Ohio Economic Development

Series 2020D, Rev., 4.00%, 12/1/2022		420,000		429,817

Series 2020D, Rev., 4.00%, 12/1/2024		50,000		53,551

County of Cuyahoga, Public Library Fund, Library Facilities

Rev., 4.00%, 12/1/2022		50,000		51,169

Rev., 4.00%, 12/1/2023 (b)		50,000		52,509

County of Cuyahoga, Sales Tax Rev., 5.00%, 12/1/2023		55,000		58,630

County of Cuyahoga, Sports Facilities Improvement Project, Excise Tax Rev., 5.00%, 12/1/2022 (b)		105,000		108,299

County of Delaware, Sales Tax Rev., 3.00%, 12/1/2023		50,000		51,453

County of Delaware, Sanitary Sewer System Improvement Rev., 4.00%, 12/1/2022		25,000		25,607

County of Franklin, Health Care Facilities Series 2013A, Rev., 6.13%, 7/1/2022 (b)		4,590,000		4,671,360

County of Franklin, Hospital Facilities Rev., 5.00%, 5/15/2023		35,000		36,706

County of Franklin, Hospital Facilities, OhioHealth Corp. Rev., 5.00%, 5/15/2022 (b)		150,000		151,352

County of Franklin, Hospital Improvement, Nationwide Children’s Hospital Project Series 2012A, Rev., 5.00%, 11/1/2022		135,000		135,945


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Ohio — continued

County of Franklin, Limited Tax

GO, 5.00%, 6/1/2022		130,000		131,440

GO, 5.00%, 6/1/2023		25,000		26,246

County of Franklin, Ohio Health Corp. Rev., 5.00%, 5/15/2023 (b)		530,000		555,517

County of Franklin, Sales Tax Rev., 5.00%, 6/1/2022		50,000		50,554

County of Franklin, Various Purpose, Limited Tax GO, 5.00%, 12/1/2022		20,000		20,633

County of Geauga, South Franklin Circle Project Rev., 8.00%, 12/31/2022 (b) (c)		4,890,000		5,268,706

County of Greene, Sewer System

GO, 5.00%, 12/1/2022		50,000		51,586

Series 2007A, Rev., AMBAC, 5.00%, 12/1/2023		50,000		53,354

County of Hamilton, Cincinnati Children’s Hospital Medical Center Series 2014S, Rev., 5.00%, 5/15/2023		80,000		83,880

County of Hamilton, King Highland Community Urban Redevelopment Corp. Rev., 3.00%, 6/1/2022		50,000		50,291

County of Hamilton, Parking Facilities, Limited Tax Series 2021A, GO, 5.00%, 12/1/2023		25,000		26,677

County of Hamilton, Sales Tax

Series 2000B, Rev., AMBAC, Zero Coupon, 12/1/2022		100,000		99,232

Series 2016A, Rev., 5.00%, 12/1/2022		360,000		371,392

Series 2016A, Rev., 5.00%, 12/1/2023		105,000		112,044

County of Hamilton, Sewer System, The Metropolitan Sewer District of Greater Cincinnati

Series 2013A, Rev., 5.00%, 12/1/2022		235,000		242,400

Series 2014A, Rev., 5.00%, 12/1/2022		130,000		134,094

Series 2019A, Rev., 5.00%, 12/1/2022		140,000		144,409

Series 2014A, Rev., 5.00%, 12/1/2023		60,000		64,025

County of Hamilton, Trihealth, Inc. Series 2017A, Rev., 5.00%, 8/15/2022		35,000		35,677

County of Lake, Various Purpose GO, 3.50%, 12/1/2022		50,000		51,025


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Ohio — continued

County of Lorain, Various Purpose, Limited Tax

GO, 3.00%, 12/1/2022		55,000		55,902

Series 2020B, GO, 3.00%, 12/1/2022		65,000		66,066

County of Mahoning, Various Purpose, Limited Tax GO, AGM, 2.00%, 12/1/2022		25,000		25,204

County of Medina, Limited Tax GO, 2.00%, 12/1/2022		50,000		50,463

County of Montgomery, Catholic Health Initiatives Series 2008D-2, Rev., 5.45%, 11/13/2023 (b)		140,000		150,044

County of Portage, Limited Tax GO, 5.00%, 12/1/2022		65,000		67,052

County of Stark, Communication System, Limited Tax GO, 2.50%, 12/1/2022		50,000		50,653

County of Summit, Various Purpose GO, 4.50%, 12/1/2022		60,000		61,680

County of Union, Memorial Hospital, Various Purpose GO, 4.00%, 12/1/2022		80,000		81,870

County of Warren, Healthcare Facilities, Otterbein Homes Obligated Group Rev., 5.00%, 7/1/2022		50,000		50,672

County of Warren, Jail Construction and Improvement, Limited Tax

GO, 3.00%, 6/1/2022		95,000		95,557

GO, 3.00%, 6/1/2023		205,000		209,998

Cuyahoga Community College District, Facilities Construction Improvement, Unlimited Tax GO, 3.00%, 12/1/2023		20,000		20,648

Cuyahoga Community College District, General Receipts Series 2016E, Rev., 4.00%, 8/1/2022		110,000		111,529

Defiance City School District, Various Purpose GO, 5.00%, 12/1/2022 (b)		120,000		123,770

Delaware County Finance Authority, Columbus Outlets Public Improvements Project Rev., 5.00%, 12/1/2023		510,000		524,941

Dublin City School District, School Facilities Construction and Improvement

GO, 4.00%, 12/1/2022		35,000		35,829

Series 2019A, GO, 4.00%, 12/1/2022		20,000		20,473

GO, 4.00%, 12/1/2024		20,000		21,482


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Ohio — continued

Dublin City School District, Various Purpose Series 2013A, GO, 5.00%, 12/1/2022		80,000		82,513

Eastwood Local School District COP, 3.00%, 6/1/2023		30,000		30,641

Eaton Community City School District, Unlimited Tax GO, 4.00%, 12/1/2022		25,000		25,598

Edgewood City School District GO, 5.00%, 12/1/2022		45,000		46,410

Forest Hills Local School District, School Improvement GO, 4.00%, 12/1/2022		40,000		40,950

Franklin City School District GO, AMBAC, Zero Coupon, 12/1/2022		30,000		29,785

Franklin County Convention Facilities Authority, Tax Lease

Rev., 5.00%, 12/1/2023 (b)		50,000		53,372

Rev., 5.00%, 12/1/2024 (b)		75,000		82,599

Gahanna-Jefferson City School District GO, 3.00%, 12/1/2022		75,000		76,264

Galion City School District GO, Zero Coupon, 12/1/2022		50,000		49,642

Greater Cleveland Regional Transit Authority, Capital Improvement Rev., 5.00%, 12/1/2022		55,000		56,745

Greater Cleveland Regional Transit Authority, Sales Tax Supported Capital Improvement

Rev., 5.00%, 12/1/2022		100,000		103,172

Series 2014A, Rev., 5.00%, 12/1/2022		280,000		288,882

Hamilton City School District, Various Purpose, Unlimited Tax GO, 5.00%, 12/1/2022		45,000		46,376

Highland Local School District, Medina County GO, 5.00%, 12/1/2022		185,000		190,840

Hilliard School District Series 2013A, GO, 5.00%, 12/1/2022		55,000		56,740

Hocking Technical College District Rev., 5.00%, 7/1/2023 (b)		40,000		42,043

Hudson City School District COP, 4.00%, 6/1/2023		100,000		100,746

Kent State University, General Receipts

Rev., 4.00%, 5/1/2022		100,000		100,562

Series 2012A, Rev., 4.00%, 5/1/2022		55,000		55,309

Series 2012A, Rev., 5.00%, 5/1/2022 (b)		350,000		352,573


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Ohio — continued

Series 2014A, Rev., 5.00%, 5/1/2022 (b)		110,000		110,809

Rev., 4.00%, 5/1/2023		215,000		222,155

Kettering City School District COP, 4.00%, 12/1/2022		25,000		25,598

Lake County Community College District COP, 4.00%, 10/1/2022		225,000		229,012

Lake Local School District, School Improvement, Unlimited Tax GO, 3.00%, 12/1/2022		50,000		50,703

Lakewood City School District, School Facilities Improvement, Unlimited Tax

Series 2014A, GO, 5.00%, 11/1/2022 (b)		150,000		154,223

GO, 4.00%, 12/1/2022		20,000		20,482

Lakota Local School District

GO, 3.00%, 12/1/2022		30,000		30,496

GO, 5.00%, 12/1/2022		45,000		46,424

Lancaster City School District, School Facilities Construction and Improvement

GO, 3.25%, 10/1/2022 (b)		20,000		20,294

GO, 3.75%, 10/1/2022 (b)		225,000		228,952

GO, 4.00%, 10/1/2022		35,000		35,663

Lancaster Port Authority, Gas Supply

Series A, Rev., LIQ: Royal Bank of Canada, 5.00%, 8/1/2023		430,000		452,181

Series 2019A, Rev., LIQ: Royal Bank of Canada, 5.00%, 2/1/2025 (c)		635,000		694,274

Licking County Career and Technology Education Centers GO, 3.13%, 12/1/2023		50,000		50,078

Lorain County Community College District Rev., 4.00%, 12/1/2022		25,000		25,579

Lucas-Plaza Housing Development Corp. Rev., FHA, Zero Coupon, 6/1/2024 (b)		810,000		784,002

Maple Heights City School District, Unlimited Tax, School Facilities Improvement GO, Zero Coupon, 1/15/2023		50,000		49,544

Marysville Exempted Village School District, School Improvement GO, 5.00%, 12/1/2022		30,000		30,917

Mason City School District GO, 5.00%, 12/1/2022		50,000		51,582

Miami East Local School District, School Improvement GO, 4.00%, 12/1/2022		65,000		66,475


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Ohio — continued

Miami Trace Local School District GO, 4.00%, 12/1/2023		110,000		115,305

Miami University, General Receipts

Rev., 5.00%, 9/1/2022		135,000		137,898

Series 2020A, Rev., 5.00%, 9/1/2022		20,000		20,437

Rev., 4.00%, 9/1/2023		260,000		264,169

Miamisburg City School District GO, 2.00%, 12/1/2022		25,000		25,215

Middletown City School District GO, 5.25%, 12/1/2022 (b)		45,000		46,497

New Albany Plain Local School District, School Improvement GO, 4.00%, 12/1/2022 (b)		45,000		46,079

New Albany Plain Local School District, Various Purpose GO, 4.00%, 12/1/2022		25,000		25,605

Northeast Ohio Regional Sewer District, Wastewater Improvement

Rev., 3.00%, 11/15/2022		50,000		50,799

Rev., 5.00%, 11/15/2022		65,000		66,947

Rev., 5.00%, 5/15/2023 (b)		365,000		382,528

Northwest Local School District, School Improvement, Unlimited Tax

GO, 5.00%, 12/1/2022		30,000		30,947

GO, 5.00%, 12/1/2023 (b)		45,000		47,995

Oak Hills Local School District, School Improvement

GO, 5.00%, 12/1/2022		65,000		67,052

GO, 5.00%, 12/1/2023		20,000		21,288

Ohio Higher Educational Facility Commission, Case Western Reserve University Project Series 2015A, Rev., 5.00%, 12/1/2022		40,000		41,254

Ohio Higher Educational Facility Commission, Case Western University Project

Series 2021B, Rev., (SIFMA Municipal Swap Index Yield + 0.23%), 0.43%, 3/10/2022 (d)		5,500,000		5,500,016

Rev., 4.00%, 12/1/2022		20,000		20,478

Rev., 5.00%, 12/1/2022		160,000		165,014

Rev., 5.00%, 12/1/2023		245,000		261,480

Ohio Higher Educational Facility Commission, University of Dayton 2013 Project Rev., 5.00%, 12/1/2025		20,000		20,564


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Ohio — continued

Ohio Higher Educational Facility Commission, Xavier University 2016 Project Rev., 5.00%, 5/1/2022		35,000		35,242

Ohio Housing Finance Agency, Marianna Terrace Apartments Series 2022A, Rev., 1.30%, 3/1/2024 (c)		1,000,000		996,040

Ohio Housing Finance Agency, Park Eden Apartments Series 2020A, Rev., GNMA/FHA, 0.40%, 9/1/2022 (c)		700,000		698,326

Ohio State University (The), General Receipts

Series 2012A, Rev., 4.00%, 6/1/2022		25,000		25,216

Series 2010D, Rev., 5.00%, 12/1/2022		45,000		46,428

Series 2014A, Rev., 5.00%, 12/1/2022		50,000		51,586

Series 2020A, Rev., 5.00%, 12/1/2022		160,000		165,075

Series 2012A, Rev., 5.00%, 6/1/2023		20,000		21,010

Series 2010D, Rev., 5.00%, 12/1/2023		40,000		42,691

Series 2020A, Rev., 5.00%, 12/1/2023		65,000		69,372

Ohio State University (The), General Receipts, Multiyear Debt Issuance Program II Rev., 5.00%, 12/1/2022		130,000		134,124

Ohio State University (The), General Receipts, Special Purpose

Series 2013A, Rev., 5.00%, 6/1/2024		170,000		178,433

Series 2013A, Rev., 5.00%, 6/1/2025		20,000		20,987

Ohio Turnpike and Infrastructure Commission Series 2017A, Rev., 5.00%, 2/15/2023		270,000		280,659

Ohio Turnpike and Infrastructure Commission, Junior Lien

Series A-1, Rev., 5.00%, 2/15/2023 (b)		275,000		285,684

Series 2013A-1, Rev., 5.00%, 2/15/2024		130,000		135,050

Series 2013A-1, Rev., 5.00%, 2/15/2025		100,000		103,885

Ohio University, General Receipts

Rev., 5.00%, 6/1/2022 (b)		40,000		40,440

Rev., 4.00%, 12/1/2022 (b)		40,000		40,959

Rev., 5.00%, 12/1/2022 (b)		105,000		108,299

Rev., 5.00%, 12/1/2022		130,000		134,084


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Ohio — continued

Ohio Water Development Authority, Drinking Water Assistance

Rev., 5.00%, 6/1/2022		25,000		25,279

Rev., 5.00%, 12/1/2022		290,000		299,243

Series 2019B, Rev., 5.00%, 12/1/2022		25,000		25,797

Ohio Water Development Authority, Fresh Water

Series 2009B, Rev., 5.00%, 6/1/2022		75,000		75,836

Series 2013A, Rev., 5.00%, 6/1/2022		175,000		176,951

Series 2013A, Rev., 5.00%, 12/1/2022		35,000		36,116

Rev., 5.50%, 12/1/2022		150,000		155,339

Ohio Water Development Authority, Water Pollution Control Loan Fund

Rev., 5.00%, 6/1/2022		310,000		313,457

Series 2014B, Rev., 5.00%, 6/1/2022		95,000		96,059

Series 2015A, Rev., 5.00%, 6/1/2022		25,000		25,279

Series 2020B, Rev., 5.00%, 6/1/2022		25,000		25,279

Rev., 5.50%, 6/1/2022		50,000		50,619

Rev., 5.00%, 12/1/2022		85,000		87,709

Series 2014B, Rev., 5.00%, 12/1/2022		80,000		82,550

Series 2015A, Rev., 5.00%, 12/1/2022		20,000		20,637

Rev., 5.50%, 12/1/2022		105,000		108,737

Series 2015A, Rev., 5.00%, 6/1/2023		135,000		141,870

Olentangy Local School District, Unlimited Tax

Series 2020A, GO, 4.00%, 12/1/2022		55,000		56,340

Series B, GO, 4.00%, 12/1/2022 (b)		75,000		76,798

GO, 4.50%, 12/1/2023 (b)		50,000		52,941

Orange City School District, Unlimited Tax GO, 5.00%, 12/1/2023		40,000		42,662

Ottawa and Glandorf Local School District, Unlimited Tax GO, 4.00%, 12/1/2022		25,000		25,569

Patrick Henry Local School District, Ohio School Facilities Project

Series A, COP, 4.00%, 12/1/2022		25,000		25,579

COP, 5.00%, 12/1/2022 (b)		45,000		46,379


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Ohio — continued

Penta Career Center, Ohio School Facilities Project COP, 5.00%, 4/1/2022		50,000		50,181

Perry Local School District COP, 4.00%, 12/1/2022		20,000		20,463

Perrysburg Exempted Village School District, Unlimited Tax GO, 5.00%, 12/1/2023		30,000		31,905

Port of Greater Cincinnati Development Authority, Mariemont City School District Project, Tax-Exempt

Rev., 5.00%, 12/1/2022		100,000		103,157

Rev., 5.00%, 12/1/2024		200,000		219,579

Revere Local School District, School Facilities Improvement, Unlimited Tax

Series 2017A, GO, 5.00%, 6/1/2022 (b)		370,000		374,069

Series 2017C, GO, Zero Coupon, 12/1/2022		135,000		133,964

Reynoldsburg City School District, Unlimited Tax GO, 5.00%, 12/1/2022		140,000		144,420

Rossford Exempted Village School District, School Facilities Project COP, 5.00%, 12/1/2022		30,000		30,906

Sandusky City School District, Classroom Facilities and School Improvement Series 2017-1, GO, 5.00%, 5/1/2022 (b)		250,000		251,838

Shaker Heights City School District, School Facilities Improvement, Unlimited Tax Series 2018A, GO, 2.25%, 12/15/2022		50,000		50,582

Shaker Heights Public Library COP, 2.00%, 12/1/2022		85,000		85,736

Shelby City School District, School Facilities Improvement GO, 4.00%, 11/1/2022 (b)		90,000		91,878

Southwest Licking Local School District, School Facilities Project COP, 4.00%, 12/1/2022		245,000		250,578

South-Western City School District, School Facilities Construction and Improvement

GO, 3.50%, 6/1/2022 (b)		20,000		20,145

GO, 4.50%, 6/1/2022 (b)		35,000		35,342

Stark County Library District, Library Facilities Rev., 4.00%, 12/1/2022		50,000		51,127


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Ohio — continued

State of Ohio

Series R, GO, 5.00%, 5/1/2022		110,000		110,818

Series 2018A, GO, 5.00%, 6/15/2022		20,000		20,255

Series 2011A, GO, 5.00%, 8/1/2022		30,000		30,546

Series 2014A, GO, 5.00%, 9/15/2022		95,000		97,206

Series 2016A, Rev., 5.00%, 10/1/2022		210,000		215,157

Series 2016A, GO, 5.00%, 12/15/2023		35,000		37,424

State of Ohio, Adult Correctional Building Fund Projects Series 2013A, Rev., 5.00%, 10/1/2022		140,000		143,438

State of Ohio, Bureau of Criminal Investigation Records System Project COP, 4.00%, 3/1/2022		30,000		30,000

State of Ohio, Capital Facilities Lease Appropriation

COP, 5.00%, 3/1/2022 (b)		25,000		25,000

Series 2012B, Rev., 5.00%, 4/1/2022 (b)		25,000		25,091

Series 2012B, Rev., 5.00%, 4/1/2022 (b)		60,000		60,219

Series 2013A, Rev., 5.00%, 10/1/2022		150,000		153,683

Series 2015B, Rev., 5.00%, 10/1/2022 (b)		150,000		153,728

Series 2015B, Rev., 5.00%, 10/1/2022		20,000		20,491

Series 2017A, Rev., 5.00%, 12/1/2022		30,000		30,931

Series 2017A, Rev., 5.00%, 12/1/2023		25,000		26,663

State of Ohio, Capital Facilities Lease Appropriation Adult Correctional Building Fund Projects

Series 2012A, Rev., 5.00%, 4/1/2022		145,000		145,523

Series 2017A, Rev., 4.00%, 10/1/2022		25,000		25,469

Series 2015B, Rev., 5.00%, 10/1/2022 (b)		230,000		235,716

Rev., 5.00%, 10/1/2023		165,000		175,072

Series 2017B, Rev., 5.00%, 10/1/2023		95,000		100,799

State of Ohio, Capital Facilities Lease Appropriation Cultural and Sports Facilities Building Fund Projects

Series 2013A, Rev., 5.00%, 4/1/2022		75,000		75,271


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Ohio — continued

Series 2019A, Rev., 5.00%, 4/1/2022		170,000		170,613

Series 2016A, Rev., 5.00%, 10/1/2023		50,000		53,052

State of Ohio, Capital Facilities Lease Appropriation Mental Health Facilities Improvement Fund Projects

Series 2016A, Rev., 5.00%, 6/1/2022		125,000		126,359

Series 2018A, Rev., 5.00%, 6/1/2022		40,000		40,435

Rev., 5.00%, 6/1/2023		140,000		146,927

Series 2016A, Rev., 5.00%, 6/1/2023		160,000		167,916

Series 2015A, Rev., 5.00%, 2/1/2024		170,000		182,220

State of Ohio, Capital Facilities Lease Appropriation Park and Recreation Improvement Fund Projects

Series 2016B, Rev., 4.00%, 8/1/2022		140,000		141,922

Series 2020A, Rev., 5.00%, 12/1/2022		165,000		170,120

State of Ohio, Capital Facilities Lease Appropriation, Administrative Building Fund Projects

Series 2012A, Rev., 4.00%, 4/1/2022		35,000		35,098

Series 2019A, Rev., 5.00%, 10/1/2022		85,000		87,087

State of Ohio, Capital Facilities Lease Appropriation, Cultural and Sports Facilities Building Fund Projects Series 2017A, Rev., 5.00%, 10/1/2022		25,000		25,614

State of Ohio, Capital Facilities Lease Appropriation, Parks and Recreation Improvement Fund Projects Series 2016C, Rev., 5.00%, 12/1/2022		75,000		77,327

State of Ohio, Capital Facilities Lease Appropriation, Transportation Building Fund Projects Series 2018A, Rev., 5.00%, 4/1/2022		50,000		50,180

State of Ohio, Capital Facilities Lease, Administrative Building Project Series 2018A, Rev., 5.00%, 10/1/2022		20,000		20,491

State of Ohio, Capital Facilities, Juvenile Correctional Building Fund

Series 2020A, Rev., 3.00%, 10/1/2022		30,000		30,390


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Ohio — continued

Series 2019B, Rev., 5.00%, 10/1/2022		25,000		25,614

Series 2015B, Rev., 5.00%, 4/1/2023		50,000		52,172

State of Ohio, Cleveland Clinic Health System

Series 2019D-2, Rev., VRDO, 0.18%, 3/9/2022 (c)		20,890,000		20,890,000

Series 2017A, Rev., 5.00%, 1/1/2023		20,000		20,685

State of Ohio, Common Schools

Series 2012B, GO, 5.00%, 3/15/2022		20,000		20,033

Series 2013B, GO, 5.00%, 6/15/2022		100,000		101,275

Series 2015B, GO, 5.00%, 6/15/2022 (b)		1,080,000		1,093,748

Series 2011C, GO, 4.00%, 9/15/2022		20,000		20,358

Series 2010C, GO, 4.25%, 9/15/2022		280,000		285,381

Series 2012A, GO, 5.00%, 9/15/2022		185,000		189,297

Series 2012C, GO, 5.00%, 9/15/2022		85,000		86,974

Series 2013A, GO, 5.00%, 9/15/2022		130,000		133,019

Series 2016A, GO, 5.00%, 12/15/2022		140,000		144,641

State of Ohio, Conservation Project Series 2015A, GO, 5.00%, 9/1/2022		125,000		127,706

State of Ohio, Conservation Projects Series 2020A, GO, 2.00%, 3/1/2022		25,000		25,000

State of Ohio, Cultural and Sports Facilities Building Fund Projects Series 2015B, Rev., 5.00%, 4/1/2023		20,000		20,869

State of Ohio, Department of Administrative Services Enterprise Data Center Solutions Project

COP, 5.00%, 9/1/2022		225,000		229,813

COP, 5.00%, 9/1/2023		100,000		105,792

State of Ohio, Department of Administrative Services, Administrative Knowledge System and Enterprise Data Center Solutions Project COP, 5.00%, 9/1/2022		255,000		260,455

State of Ohio, Department of Administrative Services, Enterprise Data Center Solutions COP, 5.00%, 9/1/2022		25,000		25,535


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Ohio — continued

State of Ohio, Department of Administrative Services, Radio Communications COP, 5.00%, 9/1/2022 (b)		20,000		20,430

State of Ohio, Higher Education

Series 2014A, GO, 4.00%, 5/1/2022		35,000		35,202

Series 2014A, GO, 5.00%, 5/1/2022 (b)		105,000		105,772

Series 2010C, GO, 4.25%, 8/1/2022		75,000		76,132

Series 2011B, GO, 5.00%, 8/1/2022		175,000		178,183

Series 2012B, GO, 5.00%, 8/1/2022		45,000		45,819

Series 2012C, GO, 5.00%, 8/1/2022		135,000		137,456

Series 2013A, GO, 5.00%, 8/1/2022		25,000		25,455

Series 2014B, GO, 5.00%, 8/1/2022		55,000		56,000

Series 2015C, GO, 5.00%, 11/1/2022		40,000		41,134

Series 2018A, GO, 5.00%, 2/1/2023		20,000		20,760

Series 2014A, GO, 4.00%, 5/1/2023		25,000		25,891

Series 2011A, GO, 5.00%, 8/1/2023		10,000		10,565

Series 2014B, GO, 5.00%, 8/1/2023		70,000		73,956

Series B, GO, 5.00%, 8/1/2023		50,000		50,831

Series 2014A, GO, 4.00%, 5/1/2024		50,000		52,994

State of Ohio, Highway Capital Improvement

Series Q, GO, 4.00%, 5/1/2022 (b)		40,000		40,229

Series Q, GO, 4.00%, 5/1/2022		50,000		50,290

Series Q, GO, 5.00%, 5/1/2022 (b)		55,000		55,404

State of Ohio, Highway Improvement Series T, GO, 5.00%, 11/1/2023		95,000		101,160

State of Ohio, Infrastructure Improvement

Series 2020C, GO, 4.00%, 3/1/2022		30,000		30,000

Series 2014A, GO, 5.00%, 3/1/2022 (b)		195,000		195,000

Series 2012C, GO, 5.00%, 9/1/2022		20,000		20,433

Series 2015A, GO, 5.00%, 9/1/2022		85,000		86,840

Series 2015B, GO, 5.00%, 9/1/2022		25,000		25,541

Series 2012C, GO, 5.00%, 9/1/2023		25,000		26,487

Series 2015A, GO, 5.00%, 9/1/2023		25,000		26,487

Series 2015B, GO, 5.00%, 9/1/2023		25,000		26,486

Series 2016A, GO, 5.00%, 9/1/2023		20,000		21,189

Series 2017B, GO, 5.00%, 9/1/2025		30,000		33,755

State of Ohio, Juvenile Correctional Building Fund Projects

Series 2018A, Rev., 5.00%, 4/1/2022		50,000		50,180

Rev., 5.00%, 10/1/2023		35,000		37,137


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Ohio — continued

State of Ohio, Major New Infrastructure Project

Series 2012-1, Rev., 5.00%, 6/15/2022 (b)		415,000		420,222

Rev., 5.00%, 12/15/2022		255,000		263,288

Series 2016-1, Rev., 5.00%, 12/15/2022		75,000		77,438

Series 2018-1, Rev., 5.00%, 12/15/2022		200,000		206,501

Series 2019-1, Rev., 5.00%, 12/15/2022		165,000		170,363

Series 2014-1A, Rev., 5.00%, 12/15/2023		90,000		96,102

Series 2016-1, Rev., 5.00%, 12/15/2023		25,000		26,695

Series 2018-1, Rev., 5.00%, 12/15/2023		120,000		128,136

Series 2019-1, Rev., 5.00%, 12/15/2023		25,000		26,695

State of Ohio, Natural Resources

Series Q, GO, 4.00%, 4/1/2022		85,000		85,244

Series T, GO, 5.00%, 4/1/2022 (b)		30,000		30,109

State of Ohio, State Infrastructure Series 2019A, GO, 5.00%, 3/1/2023		20,000		20,823

State of Ohio, Third Frontier Research and Development, Tax-Exempt GO, 4.00%, 11/1/2022		110,000		112,392

State of Ohio, Toledo Parking Facilities Project

Series 2012-1, Rev., 4.00%, 5/15/2022		200,000		201,338

Series 2012-1, Rev., 4.00%, 11/15/2022		205,000		209,401

Series 2012-1, Rev., 4.00%, 5/15/2023		220,000		227,587

Series 2012-1, Rev., 4.00%, 11/15/2023		225,000		236,172

Series 2012-1, Rev., 4.00%, 5/15/2024		230,000		243,167

Series 2012-1, Rev., 4.00%, 11/15/2024		235,000		251,128

State of Ohio, Treasury Management System Project COP, 5.00%, 9/1/2022		30,000		30,642

State of Ohio, University Hospitals Health System, Inc.

Series 2021B, Rev., VRDO, 0.30%, 3/1/2022 (c)		8,000,000		8,000,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Ohio — continued

Series B, Rev., VRDO, 0.33%, 3/9/2022 (c)		5,500,000		5,500,000

Series 2013A, Rev., 4.00%, 1/15/2025		270,000		276,500

Series 2020B, Rev., 5.00%, 1/15/2025 (c)		295,000		323,893

Series 2013A, Rev., 4.13%, 1/15/2026		95,000		97,306

State of Ohio, Voting System Acquisition Project COP, 5.00%, 9/1/2023		80,000		84,634

Streetsboro City School District, School Improvement, Unlimited Tax GO, 2.00%, 12/1/2022		25,000		25,205

Strongsville City School District, Unlimited Tax Improvement GO, 4.00%, 12/1/2022		45,000		46,086

Sylvania City School District, School Improvement, Unlimited Tax GO, 2.25%, 12/1/2022		25,000		25,254

Tender Option Bond Trust Receipts/Certificates

Series C, Rev., VRDO, LIQ: Citibank NA, 0.27%, 3/9/2022 (c) (e)		4,000,000		4,000,000

Series 2018-XF2703, GO, VRDO, LIQ: Barclays Bank plc, 0.30%, 3/9/2022 (c) (e)		4,000,000		4,000,000

Toledo City School District, School Facilities Improvement GO, 5.00%, 12/1/2023 (b)		85,000		90,733

Township of West Chester, Various Purpose, Limited Tax GO, 5.00%, 12/1/2022		50,000		51,586

Trotwood-Madison City School District, Unlimited Tax, School Improvement GO, 4.00%, 12/1/2022		30,000		30,694

United Local School District, Columbiana County COP, 3.00%, 12/1/2022		20,000		20,305

University of Akron (The), General Receipts

Series 2015A, Rev., 5.00%, 1/1/2023		360,000		371,908

Series 2016A, Rev., 5.00%, 1/1/2023		25,000		25,827

Series 2019A, Rev., 5.00%, 1/1/2023		300,000		309,923

University of Cincinnati, General Receipts

Series 2012A, Rev., 4.00%, 6/1/2022 (b)		25,000		25,213


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Ohio — continued

Series 2012A, Rev., 5.00%, 6/1/2022 (b)		160,000		161,760

Series 2012C, Rev., 5.00%, 12/1/2022 (b)		150,000		154,598

Series D, Rev., 5.00%, 6/1/2023		170,000		178,476

Series 2013C, Rev., 5.00%, 12/1/2023 (b)		235,000		250,850

University of Toledo, General Receipts

Series 2013C, Rev., 5.00%, 6/1/2022		45,000		45,465

Series 2017B, Rev., 5.00%, 6/1/2022		25,000		25,259

Village of Bluffton, Ohio Hospital Facilities, Blanchard Valley Health System Rev., 5.00%, 12/1/2022		160,000		164,880

Village of Evendale Ohio Public Infrastructure, Income Tax Rev., 4.00%, 12/1/2022		25,000		25,577

Village of Hebron, Water System Mortgage Rev., 5.00%, 12/1/2022		95,000		97,716

Warren City School District, Unlimited Tax GO, 2.00%, 12/1/2022		20,000		20,158

Westerville City School District, School Facilities Project COP, 5.00%, 12/1/2023		30,000		31,986

Westerville City School District, Unlimited Tax GO, 4.00%, 12/1/2022		100,000		102,421

Winton Woods City School District, Unlimited Tax, Classroom Facilities Series 2017A, GO, 5.00%, 5/1/2022 (b)		175,000		176,287

Worthington City School District, School Facilities Construction and Improvement, Unlimited Tax

GO, 4.00%, 12/1/2022		60,000		61,452

Series 2013A, GO, 4.00%, 12/1/2022		60,000		61,453

Wyoming City School District, School Improvement GO, 5.00%, 6/1/2022 (b)		40,000		40,440


Total Ohio				108,699,910


Oklahoma — 1.2%

Bryan County School Finance Authority, Durant Public Schools Project Rev., 4.00%, 12/1/2022		20,000		20,457

Canadian County Educational Facilities Authority, Mustang Public Schools Project

Rev., 3.00%, 9/1/2022		20,000		20,231


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Oklahoma — continued

Rev., 4.00%, 9/1/2024		1,100,000		1,172,129

Rev., 4.00%, 9/1/2025		1,175,000		1,278,254

Canadian County Independent School District No. 69 Mustang

GO, 3.00%, 4/1/2022		65,000		65,130

GO, 2.00%, 6/1/2023		45,000		45,558

City of Nichols Hills GO, 4.00%, 7/1/2022		20,000		20,221

City of Norman

GO, 4.00%, 6/1/2022		100,000		100,848

Series 2016A, GO, 5.00%, 6/1/2022		100,000		101,095

GO, 4.00%, 6/1/2023		60,000		62,250

City of Oklahoma City

GO, 3.00%, 3/1/2022		95,000		95,000

GO, 4.00%, 3/1/2022		500,000		500,000

GO, 5.00%, 3/1/2022		110,000		110,000

GO, 5.00%, 3/1/2023		25,000		26,027

City of Tulsa GO, 2.00%, 3/1/2022		150,000		150,000

Cleveland County Educational Facilities Authority, Lexington Public Schools Project Rev., 4.00%, 9/1/2022		125,000		127,042

Cleveland County Educational Facilities Authority, Moore Public Schools Project Rev., 5.00%, 6/1/2023		280,000		293,961

Cleveland County Educational Facilities Authority, Norman Public Schools Project

Rev., 5.00%, 6/1/2022		450,000		454,927

Rev., 5.00%, 6/1/2024		570,000		617,117

Rev., 5.00%, 6/1/2025		150,000		167,138

Cleveland County Independent School District No. 2 Moore, Combined Purpose

GO, 2.00%, 3/1/2022		260,000		260,000

GO, 3.50%, 3/1/2023		380,000		389,231

Cleveland County Independent School District No. 29 Norman, Combined Purpose

GO, 3.00%, 3/1/2022		70,000		70,000

Series 2019B, GO, 2.00%, 5/1/2022		25,000		25,058

GO, 3.00%, 3/1/2023		45,000		45,916

Series 2019B, GO, 3.00%, 5/1/2023		10,000		10,232

Clinton Public Works Authority, Sales Tax Rev., 4.00%, 12/1/2022		25,000		25,577

Comanche County Independent School District No. 8 Lawton, Combined Purpose Series 2019A, GO, 2.00%, 3/1/2022		85,000		85,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Oklahoma — continued

County of Oklahoma, Limited Tax GO, 2.00%, 9/1/2022		20,000		20,136

Delaware County Educational Facilities Authority, Grove Public Schools Project Rev., 5.00%, 9/1/2022		50,000		51,009

Edmond Public Works Authority, Sales Tax and Utility System Rev., 5.00%, 7/1/2022		80,000		81,165

Grady County School Finance Authority, Educational Facilities Lease, Tuttle Public Schools Project Rev., 5.00%, 9/1/2023		10,000		10,572

Grand River Dam Authority

Series 2014A, Rev., 4.00%, 6/1/2022		415,000		418,500

Series 2016A, Rev., 5.00%, 6/1/2022		655,000		662,138

Series 2016A, Rev., 5.00%, 6/1/2023		205,000		215,169

Series 2016A, Rev., 5.00%, 6/1/2024		50,000		54,168

Lincoln County Educational Facilities Authority, Stroud Public Schools Project Rev., 5.00%, 9/1/2022		55,000		56,110

McClain County Economic Development Authority, Educational Facilities, Blanchard Public Schools Project Rev., 4.00%, 9/1/2022		285,000		289,398

Oklahoma Agricultural and Mechanical Colleges Series 2017A, Rev., 5.00%, 7/1/2022		90,000		91,320

Oklahoma Capitol Improvement Authority Series 2014A, Rev., 5.00%, 7/1/2023		85,000		89,515

Oklahoma Capitol Improvement Authority, Department of Transportation Project

Series 2020B, Rev., 5.00%, 7/1/2022		340,000		344,950

Series 2020A, Rev., 5.00%, 7/1/2023		100,000		105,312

Oklahoma Capitol Improvement Authority, Office of Juvenile Affairs Project Series 2019B, Rev., 5.00%, 7/1/2023		20,000		21,062

Oklahoma Capitol Improvement Authority, Oklahoma Conservation Commission Project Series 2019A, Rev., 5.00%, 7/1/2022		95,000		96,383


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Oklahoma — continued

Oklahoma Capitol Improvement Authority, Oklahoma Department of Transportation Project

Rev., 5.00%, 7/1/2022		350,000		355,096

Rev., 5.00%, 7/1/2025		140,000		156,127

Oklahoma Capitol Improvement Authority, State Highway Capital Improvement

Rev., 5.00%, 7/1/2022		30,000		30,437

Series 2014A, Rev., 5.00%, 7/1/2022		130,000		131,893

Oklahoma Capitol Improvement Authority, State Highway Capital Improvement, Capitol Repair Project Series 2017B, Rev., 5.00%, 1/1/2023		35,000		36,211

Oklahoma Capitol Improvement Authority, State Highway Capital Improvement, Department of Corrections Project Rev., 5.00%, 7/1/2022		70,000		71,019

Oklahoma Capitol Improvement Authority, State Highway Capital Improvement, Department of Human Services Project Series 2020D, Rev., 4.00%, 7/1/2022		150,000		151,690

Oklahoma County Finance Authority, Deer Creek Public Schools Project Rev., 5.00%, 12/1/2022		130,000		133,971

Oklahoma County Finance Authority, Educational Facilities, Lease Midwest City-Del City Public Schools Project

Rev., 5.00%, 10/1/2022		345,000		353,369

Rev., 5.00%, 10/1/2025		30,000		33,568

Oklahoma County Finance Authority, Harrah Public Schools Project Rev., 4.00%, 9/1/2022		325,000		330,113

Oklahoma County Finance Authority, Western Heights Public Schools Project

Series 2018A, Rev., 5.00%, 9/1/2022		125,000		127,586

Series 2018A, Rev., 5.00%, 9/1/2023		10,000		10,550

Series 2018A, Rev., 5.00%, 9/1/2024		350,000		380,077

Oklahoma County Independent School District No. 1 Putnam City GO, 4.00%, 1/1/2023		235,000		240,914


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Oklahoma — continued

Oklahoma County Independent School District No. 12 Edmond

GO, 2.00%, 8/1/2022		40,000		40,224

GO, 2.50%, 8/1/2022		430,000		433,296

Oklahoma County Independent School District No. 12 Edmond, Combined Purpose

GO, 2.00%, 3/1/2022		225,000		225,000

GO, 3.00%, 3/1/2022		125,000		125,000

Oklahoma County Independent School District No. 52 Midwest City-Del City Series 2019A, GO, 3.00%, 1/1/2023		25,000		25,448

Oklahoma County Independent School District No. 52 Midwest City-Del City, Combined Purpose GO, 1.75%, 7/1/2022		160,000		160,605

Oklahoma County Independent School District No. 89 Oklahoma City Series 2020A, GO, 2.50%, 7/1/2023		50,000		51,001

Oklahoma County Independent School District No. 89 Oklahoma City, Combined Purpose

Series 2017C, GO, 3.00%, 7/1/2022		155,000		156,230

Series 2019A, GO, 3.00%, 7/1/2023		95,000		97,528

Oklahoma Department of Transportation Series 2018A, Rev., GAN, 5.00%, 9/1/2022		55,000		56,177

Oklahoma Development Finance Authority, Health System, Integris Obligated Group

Series 2020C, Rev., VRDO, 0.35%, 3/9/2022 (c)		13,645,000		13,645,000

Series 2015A, Rev., 5.00%, 8/15/2022		205,000		208,872

Oklahoma Development Finance Authority, Higher Education Master Real Project

Series 2014A, Rev., 5.00%, 6/1/2022		35,000		35,383

Series 2019A, Rev., 5.00%, 12/1/2022		50,000		51,544

Series 2014C, Rev., 3.00%, 6/1/2023		90,000		92,262

Series 2014C, Rev., 5.00%, 6/1/2024		145,000		156,851

Oklahoma Development Finance Authority, System of Higher Education, Master Equipment Lease Series 2014A, Rev., 3.00%, 6/1/2022		25,000		25,150


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Oklahoma — continued

Oklahoma Development Finance Authority, System of Higher Education, Master Real Property

Series 2013A, Rev., 3.00%, 6/1/2022		5,000		5,031

Series 2020A, Rev., 4.00%, 6/1/2022		500,000		504,241

Series 2020A, Rev., 4.00%, 6/1/2023		260,000		269,749

Series 2014A, Rev., 5.00%, 6/1/2023		105,000		110,236

Series 2020A, Rev., 4.00%, 6/1/2024		895,000		946,349

Oklahoma Municipal Power Authority

Series 2013B, Rev., 5.00%, 1/1/2023 (b)		80,000		82,734

Series 2019A, Rev., 5.00%, 1/1/2023		1,455,000		1,504,363

Series B, Rev., 5.00%, 1/1/2023		80,000		82,714

Series 2014B, Rev., 5.00%, 1/1/2025		120,000		131,892

Oklahoma Turnpike Authority, Second Senior

Series 2017D, Rev., 4.00%, 1/1/2023		75,000		76,951

Series 2017E, Rev., 4.00%, 1/1/2023		30,000		30,780

Oklahoma Water Resources Board, Master Trust

Rev., 5.00%, 4/1/2022 (b)		50,000		50,183

Series 2012B, Rev., 5.00%, 4/1/2022 (b)		25,000		25,091

Rev., 5.00%, 4/1/2023		75,000		78,291

Series 2013A, Rev., 5.00%, 4/1/2023 (b)		15,000		15,660

Oklahoma Water Resources Board, State Loan Program

Series 2018B, Rev., 5.00%, 10/1/2022		50,000		51,239

Series 2019C, Rev., 4.00%, 10/1/2023		50,000		52,303

Series 2020A, Rev., 4.00%, 10/1/2023		60,000		62,764

Pontotoc County Educational Facilities Authority, Ada Public Schools Project Rev., 5.00%, 9/1/2022		75,000		76,521

Sallisaw Municipal Authority Rev., 3.00%, 1/1/2023		50,000		50,833


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Oklahoma — continued

Sand Springs Municipal Authority Water Sewer Utility & 1% Sales Tax Rev., 2.00%, 11/1/2022		55,000		55,451

Sapulpa Municipal Authority Rev., AGM, 4.00%, 7/1/2022 (b)		200,000		202,219

Tulsa County Independent School District No. 1, Combined Purpose

Series 2017A, GO, 3.00%, 3/1/2022		25,000		25,000

Series 2019B, GO, 2.00%, 8/1/2022		230,000		231,327

Series 2019A, GO, 2.25%, 4/1/2023		35,000		35,515

Series 2018B, GO, 3.00%, 8/1/2023		35,000		35,992

Tulsa County Independent School District No. 3 Broken Arrow, Combined Purpose GO, 3.00%, 4/1/2022		85,000		85,175

Tulsa County Independent School District No. 4 Bixby, Combined Purpose GO, 4.00%, 6/1/2022		50,000		50,429

Tulsa County Independent School District No. 5, Jenks Public Schools, Combined Purpose GO, 4.00%, 6/1/2022		125,000		126,073

Tulsa County Independent School District No. 9, Union Board of Education Building

GO, 1.00%, 4/1/2022		75,000		75,034

GO, 2.00%, 4/1/2022		25,000		25,031

Tulsa County Industrial Authority Educational Facilities Lease, Broken Arrow Public Schools Project

Rev., 3.00%, 9/1/2022		225,000		227,595

Rev., 4.00%, 9/1/2022		315,000		320,193

Rev., 5.00%, 9/1/2022		25,000		25,536

Rev., 5.00%, 9/1/2023		140,000		148,238

Rev., 5.00%, 9/1/2025		35,000		36,995

Tulsa County Industrial Authority Educational Facilities Lease, Jenks Public Schools Project

Rev., 5.00%, 9/1/2022		105,000		107,251

Rev., 5.00%, 9/1/2023		195,000		206,475

Rev., 3.00%, 9/1/2024		300,000		312,477

Tulsa County Industrial Authority, Capital Improvement Rev., 2.00%, 9/1/2022		30,000		30,197

Tulsa County Industrial Authority, Jenks Public Schools Project Rev., 5.00%, 9/1/2024		50,000		54,529


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Oklahoma — continued

Tulsa County Industrial Authority, Owasso Public Schools Project

Rev., 5.00%, 9/1/2022		200,000		204,208

Rev., 5.00%, 9/1/2023		225,000		237,859

Tulsa Metropolitan Utility Authority

Series 2019A, Rev., 5.00%, 4/1/2022		35,000		35,128

Series 2020A, Rev., 1.00%, 7/1/2022		35,000		35,052

Rev., 3.00%, 10/1/2022		30,000		30,404

Series 2016C, Rev., 5.00%, 10/1/2022		20,000		20,500

Series 2019A, Rev., 5.00%, 4/1/2023		10,000		10,438

Tulsa Public Facilities Authority, Capital Improvement

Rev., 5.00%, 6/1/2022		455,000		460,027

Rev., 3.00%, 6/1/2023		110,000		112,820

Rev., 5.00%, 6/1/2023		565,000		593,462

Rev., 5.00%, 6/1/2024		120,000		129,864

Tulsa Public Facilities Authority, Capital Improvements Rev., 3.00%, 6/1/2022		25,000		25,153

University of Oklahoma (The)

Series 2014C, Rev., 5.00%, 7/1/2022		275,000		278,939

Series 2016A, Rev., 5.00%, 7/1/2022		155,000		157,220

Series 2016A, Rev., 5.00%, 7/1/2023		250,000		262,972

University of Oklahoma (The), Tax Exempt Series 2013A, Rev., 2.00%, 7/1/2022		20,000		20,089

Washington County Independent School District No. 30 Bartlesville, Combined Purpose GO, 3.00%, 6/1/2022		90,000		90,512


Total Oklahoma				36,402,802


Oregon — 0.8%

Chemeketa Community College District GO, 5.00%, 6/15/2022		20,000		20,256

City of Beaverton Series 2020A, Rev., 5.00%, 6/1/2023		30,000		31,477

City of Bend, Bridge Creek Project Rev., 5.00%, 12/1/2022		65,000		67,052

City of Eugene GO, 2.00%, 6/1/2023		25,000		25,297

City of Eugene, Electric Utility System Rev., 4.00%, 8/1/2024		140,000		141,828


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Oregon — continued

City of Hermiston GO, 3.00%, 3/1/2023		25,000		25,496

City of Lake Oswego Series 2015A, GO, 5.00%, 6/1/2022		35,000		35,388

City of McMinnville GO, 5.00%, 2/1/2023		45,000		46,669

City of Medford, Limited Tax GO, 5.00%, 7/15/2022		25,000		25,404

City of Newport Series B, GO, AGC, Zero Coupon, 6/1/2022		25,000		24,961

City of Portland, Limited Tax, Lighting Efficiency Project GO, 5.00%, 4/1/2022		75,000		75,275

City of Portland, Limited Tax, Sellwood Bridge and Archives Space Projects

GO, 5.00%, 4/1/2022		20,000		20,073

Series 2014A, GO, 5.00%, 6/1/2022		50,000		50,554

City of Portland, Public Safety Project Series 2019A, GO, 5.00%, 6/15/2022		160,000		162,040

City of Portland, Sewer System, First Lien

Series 2016A, Rev., 5.00%, 6/15/2022		35,000		35,445

Series 2014A, Rev., 5.00%, 10/1/2022		70,000		71,748

City of Portland, Sewer System, Second Lien

Series 2019A, Rev., 5.00%, 3/1/2022		25,000		25,000

Series 2016B, Rev., 5.00%, 6/15/2022		485,000		491,128

Series 2016B, Rev., 5.00%, 6/15/2023		65,000		68,340

City of Portland, Water System, First Lien Series 2012A, Rev., 3.00%, 4/1/2022		25,000		25,051

City of Portland, Water System, Second Lien

Series 2019A, Rev., 5.00%, 5/1/2022		160,000		161,174

Series A, Rev., 5.00%, 5/1/2022		45,000		45,330

Rev., 5.00%, 10/1/2022		135,000		138,347

Rev., 5.00%, 10/1/2023		20,000		20,845

City of Salem GO, 5.00%, 6/1/2023		30,000		31,515

City of Salem, Water and Sewer Rev., 5.00%, 6/1/2023		20,000		21,010

City of St. Helens GO, 3.00%, 6/1/2023		25,000		25,628


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Oregon — continued

City of Tigard, Oregon Water System Rev., 5.00%, 8/1/2022 (b)		75,000		76,355

Clackamas Community College District Series B, GO, Zero Coupon, 6/15/2023		20,000		19,723

Clackamas County School District No. 12 North Clackamas

GO, 5.00%, 6/15/2022		115,000		116,470

GO, 4.00%, 6/15/2023		50,000		51,925

Clackamas County School District No. 7J Lake Oswego

GO, 5.00%, 6/1/2022		20,000		20,222

GO, AGM, 5.25%, 6/1/2022		155,000		156,816

GO, AGM, 5.25%, 6/1/2023		80,000		84,288

Clackamas County Service District No. 1 Rev., 5.00%, 12/1/2022		35,000		36,108

Columbia Multnomah and Washington Counties School District No. 1J GO, 5.00%, 6/15/2023		35,000		36,752

County of Marion GO, AMBAC, 5.50%, 6/1/2022		50,000		50,617

County of Multnomah, Full Faith and Credit

GO, 5.00%, 6/1/2022 (b)		55,000		55,605

GO, 5.00%, 6/1/2022		50,000		50,555

County of Washington

Series 2016B, GO, 5.00%, 6/1/2022		20,000		20,222

GO, 5.00%, 6/1/2023		30,000		31,515

County of Washington, Full Faith and Credit Obligation

GO, 5.00%, 7/1/2022		90,000		91,320

Series 2016B, GO, 5.00%, 3/1/2023		75,000		78,088

County of Yamhill, George Fox University Project

Rev., 4.00%, 12/1/2022		280,000		286,205

Rev., 4.00%, 12/1/2023		300,000		313,457

County of Yamhill, Linfield University Project Rev., 4.00%, 10/1/2022		250,000		254,150

Deschutes and Jefferson Counties School District No. 2J Redmond

Series 2008B, GO, Zero Coupon, 6/15/2023		20,000		19,745

GO, 4.00%, 6/15/2023 (b)		50,000		51,946

Deschutes County Administrative School District No. 1 Bend-La Pine GO, 5.00%, 6/15/2022		90,000		91,148

Hillsboro School District No. 1J

GO, 4.00%, 6/15/2022 (b)		75,000		75,741


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Oregon — continued

GO, 4.00%, 6/15/2022		20,000		20,195

GO, 5.00%, 6/15/2022		30,000		30,377

GO, 5.00%, 6/15/2023		10,000		10,511

Hood River County School District GO, 4.00%, 6/15/2022		30,000		30,293

Hospital Facilities Authority of Multnomah County Oregon, Adventist Health System Rev., 5.00%, 3/1/2025 (c)		260,000		280,812

Klamath Falls City Schools Series 2015A, GO, 5.00%, 6/15/2023		30,000		31,518

Klamath Falls Intercommunity Hospital Authority, Sky Lakes Medical Center, Inc. Project Rev., 4.00%, 9/1/2022		85,000		86,333

Lane County School District No. 4J Eugene

GO, 4.00%, 6/15/2022 (b)		25,000		25,247

GO, 5.00%, 6/15/2022		25,000		25,319

Lane County School District No. 52 Bethel

Series 2021B, GO, 4.00%, 6/15/2022		30,000		30,298

GO, 4.00%, 6/15/2023 (b)		25,000		25,973

Lane County School District No. 69 Junction City GO, 5.00%, 6/15/2022		75,000		75,926

Lebanon Rural Fire Protection District GO, 5.00%, 6/15/2023		25,000		26,215

Metro

Series 2012A, GO, 5.00%, 6/1/2022		25,000		25,277

Series 2012A, GO, 5.00%, 6/1/2023		85,000		85,858

Metro, Oregon Convention Center Hotel Project Rev., 5.00%, 6/15/2025		20,000		22,303

Metropolitan Wastewater Management Commission Rev., 5.00%, 11/1/2022		40,000		41,134

Multnomah County School District No. 1 Portland

GO, 5.00%, 6/15/2022		65,000		65,831

Series 2013B, GO, 5.00%, 6/15/2022		55,000		55,703

Series 2020B, GO, 5.00%, 6/15/2022		340,000		344,346

Multnomah County School District No. 7 Reynolds GO, 4.00%, 6/1/2022		85,000		85,723

Oregon Health and Science University

Series 2012E, Rev., 4.00%, 7/1/2022 (b)		295,000		298,323


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Oregon — continued

Series 2012A, Rev., 5.00%, 7/1/2022		50,000		50,718

Series 2012E, Rev., 5.00%, 7/1/2022 (b)		270,000		273,931

Series 2019A, Rev., 5.00%, 7/1/2022		70,000		71,005

Series 2012A, Rev., 5.00%, 7/1/2023		100,000		101,278

Series 2012A, Rev., 5.00%, 7/1/2025		150,000		151,779

Series 2012A, Rev., 5.00%, 7/1/2026		40,000		40,479

Oregon State Facilities Authority, Legacy Health Project

Series 2016A, Rev., 5.00%, 6/1/2022		280,000		283,030

Series 2016A, Rev., 5.00%, 6/1/2023		315,000		330,424

Oregon State Facilities Authority, Peacehealth Project Series 2014A, Rev., 5.00%, 11/15/2022		25,000		25,720

Oregon State Facilities Authority, Providence Health and Services Series 2013A, Rev., 5.00%, 10/1/2022		85,000		87,122

Oregon State Lottery

Series 2016-XF2290, Rev., VRDO, LIQ: Citibank NA, 0.26%, 3/9/2022 (c) (e)		8,000,000		8,000,000

Series C, Rev., 4.00%, 4/1/2022		55,000		55,158

Series 2013A, Rev., 5.00%, 4/1/2022		115,000		115,422

Series 2014B, Rev., 5.00%, 4/1/2022		85,000		85,309

Series 2014C, Rev., 5.00%, 4/1/2022		215,000		215,790

Series 2015C, Rev., 5.00%, 4/1/2022		50,000		50,181

Series 2015E, Rev., 5.00%, 4/1/2022		55,000		55,202

Series A, Rev., 5.00%, 4/1/2022		30,000		30,110

Series C, Rev., 5.00%, 4/1/2022		85,000		85,309

Pacific Communities Health District GO, 3.00%, 6/1/2022		25,000		25,142

Port of Portland, International Airport Series 23, Rev., 5.00%, 7/1/2022		100,000		101,399

Portland Community College District

GO, 5.00%, 6/15/2022		510,000		516,504

GO, 3.00%, 6/15/2023 (b)		55,000		56,418


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Oregon — continued

GO, 5.00%, 6/15/2023		30,000		31,558

GO, 5.00%, 6/15/2023 (b)		70,000		73,617

Salem Hospital Facility Authority, Salem Health Project

Series 2019A, Rev., 4.00%, 5/15/2022		555,000		558,826

Series 2016A, Rev., 5.00%, 5/15/2022		335,000		337,986

Series 2019A, Rev., 5.00%, 5/15/2023		25,000		26,191

Salem-Keizer School District No. 24J Series 2009B, GO, Zero Coupon, 6/15/2022		25,000		24,954

State of Oregon

Series 2012K, GO, 5.00%, 5/1/2022		25,000		25,184

Series 2013F, GO, 5.00%, 5/1/2022		35,000		35,258

Series 2015F, GO, 5.00%, 5/1/2022		50,000		50,368

Series 2018A, GO, 5.00%, 5/1/2022		70,000		70,516

GO, 5.00%, 6/1/2022		25,000		25,277

Series C, GO, 3.00%, 8/1/2022 (b)		50,000		50,491

Series 2015A, GO, 5.00%, 8/1/2022		25,000		25,455

Series L, GO, 5.00%, 8/1/2022		50,000		50,909

Series 2013F, GO, 5.00%, 5/1/2023 (b)		50,000		52,354

Series F, GO, 5.00%, 5/1/2023		115,000		120,455

State of Oregon Department of Transportation Series 2012A, Rev., 5.00%, 11/15/2022 (b)		80,000		82,384

State of Oregon Department of Transportation, Senior Lien Series 2017C, Rev., 5.00%, 11/15/2022		75,000		77,252

State of Oregon, Alternate Energy GO, 4.00%, 10/1/2022		60,000		61,155

State of Oregon, Article XI-F(1) University Projects

Series I, GO, 5.00%, 8/1/2022		75,000		76,364

Series I, GO, 5.00%, 8/1/2023		20,000		21,131

State of Oregon, Article XI-M and XI-N Seismic Projects Series 2021E, GO, 5.00%, 6/1/2022		75,000		75,831

State of Oregon, Article XI-M Seismic Projects Series 2017C, GO, 5.00%, 6/1/2022		45,000		45,498

State of Oregon, Article XI-Q Projects Series H, GO, 4.00%, 5/1/2022		50,000		50,287

State of Oregon, Article XI-Q State Projects

Series 2017A, GO, 5.00%, 5/1/2022		150,000		151,105


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Oregon — continued

Series 2019A, GO, 5.00%, 5/1/2022		100,000		100,737

Series 2017A, GO, 5.00%, 5/1/2023		55,000		57,609

Series 2019A, GO, 5.00%, 5/1/2023		45,000		47,135

State of Oregon, Article XI-Q, State Projects

GO, 5.00%, 5/1/2022		120,000		120,884

Series D, GO, 5.00%, 5/1/2022		30,000		30,221

State of Oregon, Department of Transportation Highway User Senior Lien

Series 2014A, Rev., 4.00%, 11/15/2022		50,000		51,152

Series 2012A, Rev., 5.00%, 11/15/2022 (b)		270,000		278,045

Series 2013A, Rev., 5.00%, 11/15/2022		75,000		77,252

Series 2014A, Rev., 5.00%, 11/15/2022		85,000		87,553

Series A, Rev., 5.00%, 11/15/2022		125,000		128,754

State of Oregon, Department of Transportation, Highway User Tax, Senior Lien Series 2012A, Rev., 5.00%, 11/15/2022		25,000		25,751

State of Oregon, Housing and Community Services Department, Sha Rad Group II Apartment Projects Rev., 1.45%, 6/1/2022 (c)		550,000		550,935

State of Oregon, Housing and Community Services Department, Single-Family Mortgage Program

Series 2020A, Rev., 0.88%, 1/1/2024		340,000		336,204

Series 2014A, Rev., 3.00%, 1/1/2024		205,000		209,275

Series 2020A, Rev., 0.90%, 7/1/2024		455,000		447,994

State of Oregon, Odot Project Series I, GO, 5.00%, 5/1/2022 (b)		50,000		50,368

State of Oregon, University System

Series 2012B, GO, 4.00%, 8/1/2022 (b)		20,000		20,279

Series 2012A, GO, 5.00%, 8/1/2022 (b)		20,000		20,361

Series 2013A, GO, 3.00%, 8/1/2023 (b)		25,000		25,691

Series 2013A, GO, 3.25%, 8/1/2023 (b)		25,000		25,779

State of Oregon, Variable Rate Veterans Welfare Series 2020K, GO, 0.50%, 6/1/2022		55,000		54,978


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Oregon — continued

State of Oregon, Veterans Welfare Series 2018E-2, GO, 2.45%, 12/1/2022		25,000		25,295

Sunrise Water Authority Rev., 4.00%, 3/1/2022		25,000		25,000

Tri-County Metropolitan Transportation District of Oregon

Series 2018A, Rev., 5.00%, 10/1/2022		60,000		61,470

Series 2017A, Rev., 5.00%, 10/1/2023		45,000		47,695

Tri-County Metropolitan Transportation District of Oregon, Senior Lien Payroll Tax Series 2015B, Rev., 5.00%, 9/1/2022		45,000		45,974

Tri-County Metropolitan Transportation District of Oregon, Tax Exempt Series 2017A, Rev., 5.00%, 10/1/2022		870,000		891,311

Tri-County Metropolitan Transportation District, Senior Lien Payroll Tax Series 2012A, Rev., 5.00%, 9/1/2022		65,000		66,407

Tualatin Hills Park and Recreation District GO, 5.00%, 6/1/2022		25,000		25,277

Washington & Multnomah Counties School District No. 48J Beaverton Series 2012B, GO, 4.00%, 6/15/2022		75,000		75,745

Washington and Clackamas Counties School District No. 23J Tigard GO, NATL-RE, 5.00%, 6/15/2022		145,000		146,853

Washington and Multnomah Counties School District No. 48J Beaverton GO, 5.00%, 6/15/2022		645,000		653,245

Washington Clackamas & Yamhill Counties School District No. 88J Series B, GO, 4.00%, 6/15/2022		50,000		50,489

Washington County Clean Water Services, Senior Lien

Rev., 5.00%, 10/1/2022		95,000		97,372

Rev., 5.00%, 10/1/2023		20,000		21,244


Total Oregon				23,692,989


Pennsylvania — 4.7%

Abington School District Series 2021AA, GO, 5.00%, 3/15/2023		40,000		41,672

Aliquippa Municipal Water Authority Water and Sewer Rev., 4.00%, 11/15/2022		20,000		20,429


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Pennsylvania — continued

Allegheny County Higher Education Building Authority, Carnegie Mellon University Series 2012A, Rev., 5.00%, 3/1/2022		85,000		85,000

Allegheny County Higher Education Building Authority, Duquesne University

Series 2013A, Rev., 5.00%, 3/1/2022		50,000		50,000

Series 2014A, Rev., 5.00%, 3/1/2022		345,000		345,000

Series 2014A, Rev., 5.00%, 3/1/2023		50,000		52,013

Allegheny County Hospital Development Authority Series 2011A, Rev., 5.00%, 10/15/2022		375,000		384,874

Allegheny County Hospital Development Authority, Allegheny Health Network Obligated Group Series 2018A, Rev., 5.00%, 4/1/2022		310,000		311,082

Allegheny County Hospital Development Authority, Pittsburgh Medical Center

Series 2019A, Rev., 5.00%, 7/15/2022		1,215,000		1,234,638

Series 2021B, Rev., 5.00%, 10/15/2022		175,000		179,608

Series 1997B, Rev., NATL-RE, 6.00%, 7/1/2023		215,000		229,226

Series 2019A, Rev., 5.00%, 7/15/2023		110,000		115,980

Series 2021B, Rev., 5.00%, 10/15/2023		950,000		1,009,851

Series 2021B, Rev., 5.00%, 10/15/2024		705,000		769,198

Rev., 5.00%, 7/15/2025		110,000		122,498

Series 2021B, Rev., 5.00%, 10/15/2025		740,000		829,953

Allegheny County Sanitary Authority, Sewer Rev., 5.00%, 12/1/2022		345,000		355,733

Allegheny Valley Joint School District GO, 3.00%, 11/1/2022		25,000		25,363

Allegheny-Clarion Valley School District GO, AGM, 4.00%, 3/15/2023		190,000		195,747

Allentown Neighborhood Improvement Zone Development Authority Series A, Rev., 5.00%, 5/1/2022		18,000,000		18,118,777

Altoona Area School District

GO, AGM, 3.00%, 12/1/2022 (b)		20,000		20,323

GO, AGM, 3.13%, 12/1/2022 (b)		40,000		40,681


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pennsylvania — continued

Armstrong School District GO, 5.00%, 3/15/2023		125,000		130,066

Avon Grove School District Chester County GO, 4.00%, 11/15/2022		115,000		117,485

Bensalem Township School District GO, 5.00%, 8/15/2022		50,000		50,967

Bethel Park School District

GO, 5.00%, 8/1/2022		200,000		203,554

GO, 5.00%, 8/1/2025		35,000		39,136

Bethlehem Area School District

GO, 5.00%, 10/15/2022		75,000		76,970

Series 2016A, GO, AGM, 5.00%, 2/1/2024		125,000		134,060

Blue Mountain School District GO, 5.00%, 10/1/2022		25,000		25,589

Borough of Columbia GO, 3.00%, 6/15/2022 (b)		50,000		50,351

Borough of Franklin Park GO, 4.00%, 9/1/2023		40,000		41,706

Borough of Steelton GO, AGM, 2.00%, 12/1/2022 (b)		200,000		201,613

Borough of West Chester GO, 4.00%, 11/15/2022		25,000		25,563

Boyertown Area School District GO, 2.00%, 10/1/2022		200,000		201,419

Bristol Township School District

GO, 5.00%, 6/1/2022		25,000		25,267

GO, 5.00%, 6/1/2023		25,000		26,215

Bucks County Water and Sewer Authority, Sewer System

Rev., 2.75%, 6/1/2022		75,000		75,388

Rev., 4.00%, 12/1/2022		240,000		245,555

Rev., 5.00%, 6/1/2023		20,000		20,974

Butler Area Sewer Authority

Rev., 5.00%, 7/1/2022		20,000		20,283

Series 2020A, Rev., 5.00%, 7/1/2022		505,000		512,149

Carlisle Area School District, Limited Tax GO, 3.00%, 9/1/2024		25,000		26,015

Centennial School District Bucks County

Series 2017C, GO, 5.00%, 12/15/2023		55,000		58,617

Series 2017A, GO, 5.00%, 12/15/2024		25,000		27,450

Central Bucks School District GO, FGIC, NATL-RE, 5.00%, 5/15/2022 (b)		240,000		242,183

Central Dauphin School District GO, 2.00%, 2/1/2023 (b)		20,000		20,172


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Pennsylvania — continued

Central Greene School District Series B, GO, 5.00%, 2/15/2023		70,000		72,627

Central York School District GO, 4.00%, 11/15/2022		100,000		102,218

Chambersburg Area School District Series A, GO, 5.00%, 3/1/2022		25,000		25,000

Chartiers Valley School District Series A, GO, 5.00%, 10/15/2022		120,000		123,114

Cheltenham Township School District

Series 2021A, GO, 2.00%, 9/15/2022		20,000		20,128

GO, 4.00%, 9/15/2023		25,000		26,054

Series 2019A, GO, 4.00%, 2/15/2025		20,000		21,512

Chester County Health and Education Facilities Authority, Main Line Health System Series 2020B, Rev., 5.00%, 6/1/2022		20,000		20,222

Chester County Industrial Development Authority, Longwood Gardens Project Rev., 3.00%, 12/1/2022		75,000		76,224

City of Bethlehem Series 2019AA, GO, AGM, 4.00%, 10/1/2022		30,000		30,561

City of Lancaster GO, 5.00%, 5/1/2022 (b)		100,000		100,721

City of New Castle GO, AGM, 3.00%, 11/1/2022		25,000		25,296

City of Philadelphia

Series 2014A, GO, 5.00%, 7/15/2022		425,000		431,885

GO, 5.00%, 8/1/2022		140,000		142,529

Series 2017A, GO, 5.00%, 8/1/2022		330,000		335,961

Series 2019A, GO, 5.00%, 8/1/2022		90,000		91,626

Series 2019B, GO, 5.00%, 2/1/2023		55,000		57,065

GO, 5.00%, 8/1/2023		85,000		89,742

Series 2019A, GO, 5.00%, 8/1/2023		125,000		131,974

Series 2014A, GO, 5.00%, 1/15/2024 (b)		100,000		107,069

Series 2014A, GO, 5.25%, 1/15/2024 (b)		70,000		75,271

City of Philadelphia, Airport System Series 2017A, Rev., 5.00%, 7/1/2022		80,000		81,119

City of Philadelphia, Water and Wastewater System

Series 2015B, Rev., 5.00%, 7/1/2022		240,000		243,503

Rev., 5.00%, 11/1/2022 (b)		70,000		71,947


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pennsylvania — continued

Series 2013A, Rev., 5.00%, 1/1/2023		315,000		325,928

Rev., 5.00%, 10/1/2023		60,000		63,721

Series 2014A, Rev., 5.00%, 7/1/2025		100,000		108,548

City of Pittsburgh

Series 2020A, GO, 4.00%, 9/1/2022		50,000		50,792

Series 2012A, GO, 5.00%, 9/1/2022		455,000		464,457

Series 2012A, GO, 5.00%, 9/1/2022 (b)		110,000		112,364

Series 2012B, GO, 5.00%, 9/1/2022 (b)		185,000		188,976

GO, 4.00%, 9/1/2023		175,000		182,358

GO, 5.00%, 9/1/2025		100,000		111,426

Colonial School District Series 2017B, GO, 4.00%, 5/15/2022		45,000		45,312

Commonwealth Financing Authority Series B, Rev., 5.00%, 6/1/2023		10,000		10,499

Commonwealth Financing Authority, Tax-Exempt

Series B, Rev., 5.00%, 6/1/2022 (b)		275,000		278,024

Series B-1, Rev., 5.00%, 6/1/2022		50,000		50,550

Series B-1, Rev., 5.00%, 6/1/2024		200,000		216,254

Commonwealth Financing Authority, Tobacco Master Settlement Payment

Rev., 5.00%, 6/1/2022		1,595,000		1,612,060

Rev., 5.00%, 6/1/2023		660,000		691,726

Rev., 5.00%, 6/1/2024		465,000		502,036

Rev., 5.00%, 6/1/2025		40,000		44,395

Rev., 5.00%, 6/1/2026		250,000		284,720

Commonwealth of Pennsylvania

GO, 5.00%, 3/1/2022		75,000		75,000

Series 1, GO, 5.00%, 3/15/2022		50,000		50,082

Series 2013, GO, 5.00%, 4/1/2022		815,000		817,973

Series 2012, GO, 4.00%, 6/1/2022 (b)		235,000		237,005

Series 1, GO, 5.00%, 6/1/2022 (b)		295,000		298,245

Series 2012, GO, AGM-CR, 5.00%, 6/1/2022 (b)		80,000		80,880

Series 2012, GO, 5.00%, 6/1/2022 (b)		240,000		242,640

Series 2012, GO, 5.00%, 6/1/2022 (b)		1,795,000		1,814,743

Series 2014-1, GO, 5.00%, 6/15/2022		540,000		546,839

GO, 5.00%, 7/1/2022		1,075,000		1,090,652

Series 2011, GO, 5.00%, 7/1/2022		690,000		700,047


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Pennsylvania — continued

Series 2012-1, GO, 5.00%, 7/1/2022		1,185,000		1,202,254

Series 2018A, COP, 5.00%, 7/1/2022		70,000		70,979

GO, 5.00%, 7/15/2022		180,000		182,916

GO, AGM-CR, 5.00%, 8/15/2022		205,000		209,032

Series 2015-1, GO, 5.00%, 8/15/2022		835,000		851,424

Series D, GO, 5.00%, 8/15/2022		35,000		35,688

GO, 5.00%, 9/15/2022		190,000		194,382

Series 2013-2, GO, 5.00%, 10/15/2022		270,000		277,127

COP, AGM, 5.00%, 11/1/2022		50,000		51,367

Series 2017-1, GO, 5.00%, 1/1/2023		710,000		734,389

Series 2016-2, GO, 5.00%, 1/15/2023		325,000		336,636

Series 1, GO, 5.00%, 3/1/2023		75,000		78,042

GO, 5.00%, 3/15/2023		460,000		479,324

Series 1, GO, 5.00%, 4/1/2023 (b)		290,000		302,758

Series 1, GO, 5.00%, 4/1/2023		510,000		532,267

Series 2014-1, GO, 5.00%, 6/15/2023		45,000		47,300

Series 1, GO, 4.00%, 7/1/2023		20,000		20,791

Series 2015-1, GO, 5.00%, 8/15/2023		465,000		491,501

GO, 5.00%, 1/1/2024		210,000		224,618

Series 2, GO, 5.00%, 1/15/2024		25,000		26,771

Series 2014-1, GO, 5.00%, 6/15/2024		40,000		43,397

GO, 5.00%, 7/1/2024		25,000		27,161

GO, 5.00%, 10/15/2024		50,000		53,167

Series 2018A, COP, 5.00%, 7/1/2025		100,000		110,968

GO, 5.00%, 9/15/2026		20,000		23,096

Conestoga Valley School District

GO, 4.00%, 2/1/2023		100,000		102,800

Series 2019B, GO, 4.00%, 4/1/2025		35,000		37,584

Council Rock School District

Series 2017A, GO, 5.00%, 8/15/2022		105,000		107,031

Series 2021A, GO, 5.00%, 8/15/2022		25,000		25,484

GO, 4.00%, 11/15/2022		500,000		510,804

GO, 4.00%, 11/15/2023		120,000		125,584

Series 2019A, GO, 4.00%, 11/15/2025		35,000		38,087


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pennsylvania — continued

County of Adams Series 2017B, GO, 5.00%, 11/15/2023		25,000		26,592

County of Allegheny

Series C-69, GO, 5.00%, 12/1/2022 (b)		50,000		51,563

Series C-70, GO, 5.00%, 12/1/2022 (b)		60,000		61,885

Series C-69, GO, 5.00%, 12/1/2023		25,000		25,744

County of Armstrong GO, 4.00%, 6/1/2023		125,000		129,529

County of Berks GO, 5.00%, 11/15/2022		90,000		92,690

County of Bucks

GO, 5.00%, 5/1/2022		50,000		50,370

GO, 5.00%, 6/1/2022		75,000		75,831

GO, 5.00%, 12/1/2022		70,000		72,215

County of Chester

GO, 5.00%, 7/15/2022		45,000		45,734

GO, 5.00%, 11/15/2022 (b)		170,000		175,066

GO, 5.00%, 7/15/2023		50,000		52,746

County of Dauphin

Series 2016A, GO, 4.00%, 11/15/2022		75,000		76,669

Series 2016C, GO, 4.00%, 10/1/2023		25,000		26,131

GO, 4.00%, 11/15/2023		35,000		36,683

County of Lancaster

GO, 5.00%, 5/1/2022		25,000		25,181

Series 2016A, GO, 5.00%, 5/1/2022		155,000		156,122

Series 2016B, GO, 3.00%, 11/1/2022		130,000		131,880

Series 2017C, GO, 4.00%, 11/1/2022		20,000		20,421

Series A, GO, 5.00%, 11/1/2022		35,000		35,969

GO, 5.00%, 5/1/2023		45,000		47,065

Series 2020C, GO, 4.00%, 11/1/2023		50,000		52,166

County of Lehigh, Lehigh Valley Health Network Hospital Series 2016A, Rev., 5.00%, 7/1/2022		25,000		25,364

County of Luzerne Series 2017A, GO, AGM, 5.00%, 12/15/2022		60,000		61,892

County of Montgomery

GO, 5.00%, 5/1/2022		125,000		125,927

Series 2009C, GO, 5.00%, 12/15/2023		25,000		25,084

County of Northampton Series B, GO, 3.00%, 10/1/2022 (b)		55,000		55,731


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Pennsylvania — continued

County of Westmoreland Series 2013A, GO, 5.00%, 12/1/2022		105,000		108,162

County of York

Series A, GO, 4.00%, 6/1/2022		205,000		206,724

GO, 5.00%, 6/1/2022		45,000		45,489

GO, 4.00%, 12/1/2022		30,000		30,708

GO, 5.00%, 6/1/2023 (b)		20,000		21,002

Series 2016A, GO, 3.00%, 12/1/2023		30,000		30,898

Crawford Central School District Series 2012A, GO, AGM, 4.00%, 2/15/2023		50,000		50,691

Cumberland County Municipal Authority, Dickinson College Project

Rev., 5.00%, 5/1/2022		50,000		50,362

Series 2018A, Rev., 5.00%, 11/1/2022		20,000		20,553

Cumberland County Municipal Authority, Penn State Health Rev., 5.00%, 11/1/2025		100,000		112,289

Cumberland Valley School District Series 2018A, GO, 4.00%, 12/1/2022		265,000		271,234

Daniel Boone Area School District GO, 5.00%, 4/1/2024		115,000		123,458

Dauphin County General Authority, Pinnacle Health Systems Project

Series 2016A, Rev., 5.00%, 6/1/2022		650,000		657,116

Series 2016A, Rev., 5.00%, 6/1/2023		55,000		57,743

Delaware County Authority, Haverford College Series 2017A, Rev., 5.00%, 10/1/2022		100,000		102,473

Delaware County Authority, Villanova University

Rev., 5.00%, 8/1/2023		145,000		152,984

Rev., 5.00%, 8/1/2024		25,000		27,176

Delaware County Regional Water Quality Control Authority

Rev., NATL-RE, 5.25%, 5/1/2022		100,000		100,773

Rev., 5.00%, 5/1/2023 (b)		70,000		73,295

Rev., NATL-RE, 5.25%, 5/1/2023		25,000		26,219

Delaware River Joint Toll Bridge Commission, Bridge System

Series 2012A, Rev., 2.50%, 7/1/2022		20,000		20,126

Rev., 5.00%, 7/1/2022		25,000		25,363


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pennsylvania — continued

Series 2012A, Rev., 5.00%, 7/1/2022 (b)		160,000		162,329

Series 2012A, Rev., 5.00%, 7/1/2022		90,000		91,307

Series 2019B, Rev., 5.00%, 7/1/2022		275,000		278,995

Series 2012A, Rev., 5.00%, 7/1/2023		50,000		50,661

Delaware River Port Authority

Series 2018B, Rev., 5.00%, 1/1/2023		405,000		419,016

Series 2018B, Rev., 5.00%, 1/1/2024		200,000		213,809

Delaware Valley Regional Finance Authority, Local Government Series 2020B, Rev., 5.00%, 11/1/2024		150,000		163,169

Delaware Valley School District GO, 5.00%, 11/1/2022		25,000		25,680

Derry Township Industrial and Commercial Development Authority, Derry Township Municipal Center Project Rev., 1.00%, 11/15/2023		160,000		157,983

Derry Township School District Series 2019C, GO, 4.00%, 11/15/2022		55,000		56,259

Donegal School District, Limited Tax GO, 4.00%, 6/1/2022		55,000		55,472

East Penn School District

GO, 4.00%, 8/1/2022		25,000		25,341

GO, 4.00%, 11/15/2022		25,000		25,554

GO, 4.00%, 11/15/2023		45,000		47,071

East Stroudsburg Area School District

Series AA, GO, 5.00%, 9/1/2022		40,000		40,848

Series AA, GO, 5.00%, 9/1/2024		100,000		108,825

Easton Area School District

Series 2018B, GO, 4.00%, 4/1/2022		75,000		75,213

Series 2020A, GO, 4.00%, 4/1/2022		25,000		25,071

Elizabeth Forward School District

Series 2021B, GO, AGM, 2.00%, 12/1/2022		20,000		20,137

Series 2021C, GO, AGM, 2.00%, 12/1/2022		15,000		15,103

Series 2021B, GO, AGM, 2.00%, 12/1/2023		20,000		20,182

Series 2021C, GO, AGM, 2.00%, 12/1/2023		10,000		10,091


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Pennsylvania — continued

Exeter Township School District

Series 2020A, GO, 5.00%, 5/15/2022		215,000		216,939

GO, 5.00%, 9/1/2022		25,000		25,535

Franklin Regional School District GO, 3.00%, 5/1/2023		75,000		76,737

Garnet Valley School District

GO, 4.00%, 4/1/2022		50,000		50,142

GO, 4.00%, 2/1/2023		45,000		46,239

GO, 4.00%, 4/1/2023		25,000		25,799

Geisinger Authority, Health System

Rev., 5.00%, 4/1/2022		1,865,000		1,871,789

Series 2020B, Rev., 5.00%, 2/15/2027 (c)		95,000		108,980

General Authority of Southcentral Pennsylvania, AICUP Financing Program, York College of Pennsylvania Project Series 2017 PP4, Rev., 3.00%, 11/1/2022		25,000		25,353

General Authority of Southcentral Pennsylvania, Hanover Hospital, Inc. Rev., 5.00%, 12/1/2024		300,000		326,903

General Authority of Southcentral Pennsylvania, Wellspan Health Obligated Group

Series 2019A, Rev., 5.00%, 6/1/2022		90,000		90,999

Series 2014A, Rev., 5.00%, 6/1/2024		200,000		216,672

Gettysburg Area School District

GO, 5.00%, 1/15/2023		30,000		31,066

GO, 5.00%, 1/15/2024		20,000		21,317

Governor Mifflin School District

Series 2012A, GO, 4.00%, 4/1/2022 (b)		20,000		20,056

Series 2012A, GO, 4.00%, 4/1/2023 (b)		95,000		98,108

Series 2012B, GO, 4.00%, 4/1/2023 (b)		25,000		25,818

Greater Latrobe School Authority Rev., 4.00%, 10/1/2022		25,000		25,459

Hamburg Area School District

GO, 5.00%, 4/1/2022		85,000		85,305

GO, 5.00%, 4/1/2023		120,000		125,186

Hanover Public School District

GO, 4.50%, 3/1/2022		45,000		45,000

GO, 4.50%, 3/1/2023		25,000		25,842


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pennsylvania — continued

Hatboro-Horsham School District

GO, 4.00%, 9/15/2022		90,000		91,575

Series B, GO, 5.00%, 3/15/2023 (b)		80,000		83,396

Haverford Township School District GO, 4.00%, 9/15/2022		20,000		20,347

Hempfield Area School District Series 2016B, GO, 5.00%, 3/15/2022		50,000		50,079

Hempfield School District Series 2019A, GO, 4.00%, 8/1/2022		225,000		228,070

Hollidaysburg Area School District

GO, 1.00%, 7/15/2022		100,000		100,121

GO, 4.00%, 7/15/2022		25,000		25,306

Hollidaysburg Sewer Authority Rev., AGM, GTD, 3.00%, 12/1/2022		50,000		50,782

Horsham Water and Sewer Authority Rev., 5.00%, 11/15/2022		120,000		123,509

Interboro School District, Limited Tax GO, 3.50%, 8/15/2022 (b)		50,000		50,636

Jim Thorpe Area School District Series A, GO, 5.00%, 3/15/2023		90,000		93,743

Kennett Consolidated School District Series 2018AA, GO, 4.00%, 2/15/2023		30,000		30,889

Lancaster County Hospital Authority, University of Pennsylvania Health System

Series 2016A, Rev., 4.00%, 8/15/2022		100,000		101,530

Series 2016B, Rev., 5.00%, 8/15/2022		160,000		163,169

Lancaster Higher Education Authority, Harrisburg Area Community College Project Series 2016A, Rev., 5.00%, 10/1/2022		30,000		30,710

Lancaster Industrial Development Authority, Garden Spot Village Project Rev., 5.38%, 5/1/2023 (b)		20,000		21,016

Lehigh County Authority Rev., 3.00%, 11/1/2022		50,000		50,753

Ligonier Valley School District Series 2016A, GO, 5.00%, 3/1/2022		25,000		25,000

Lower Lackawanna Valley Sanitary Authority Rev., AGM, 4.00%, 9/15/2022		25,000		25,423

Lower Merion School District GO, 5.00%, 9/15/2022		35,000		35,815

Lower Merion School District, Capital Project Series 2009B, GO, 4.00%, 4/1/2022		50,000		50,144


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Pennsylvania — continued

Manheim Township School District GO, 3.00%, 6/1/2022		35,000		35,206

Marple Newtown School District

GO, 5.00%, 6/1/2022		85,000		85,935

GO, 5.00%, 6/1/2023		30,000		31,503

Mars Area School District GO, AGM, 4.13%, 3/1/2022 (b)		25,000		25,000

Marshall Township Municipal Sanitary Authority Rev., 3.00%, 10/1/2022		25,000		25,318

Mcguffey School District GO, AGM, 2.50%, 8/15/2022		50,000		50,374

Mckeesport Area School District GO, AGM, 5.00%, 9/1/2023 (b)		105,000		111,114

Methacton School District

GO, 4.00%, 3/1/2022		60,000		60,000

Series 2019AA, GO, 4.00%, 8/1/2022		50,000		50,682

GO, 5.00%, 3/1/2023		20,000		20,803

GO, 4.00%, 9/15/2025		75,000		81,411

Middletown Area School District

Series 2017A, GO, 3.00%, 3/1/2022		55,000		55,000

Series 2014A, GO, 5.00%, 3/1/2022 (b)		35,000		35,000

Monroeville Finance Authority, University of Pittsburg Medical Center

Series 2013B, Rev., 5.00%, 7/1/2022		275,000		278,995

Rev., 3.00%, 2/15/2023		270,000		272,591

Rev., 5.00%, 2/15/2023		90,000		91,675

Series 2013B, Rev., 3.50%, 7/1/2023		230,000		237,637

Rev., 3.13%, 2/15/2024		175,000		176,380

Rev., 5.00%, 2/15/2025		85,000		93,592

Rev., 5.00%, 2/15/2026		20,000		22,605

Montgomery County Higher Education and Health Authority, Abington Memorial Hospital Obligated Group

Rev., 5.00%, 6/1/2022 (b)		125,000		126,343

Series 2012A, Rev., 5.00%, 6/1/2022 (b)		90,000		90,967

Montgomery County Higher Education and Health Authority, Thomas Jefferson University Series 2018A, Rev., 5.00%, 9/1/2024		100,000		108,954

Montgomery County Industrial Development Authority, Waverly Heights Ltd. Project

Rev., 4.00%, 12/1/2022		100,000		102,080

Rev., 4.00%, 12/1/2023		125,000		130,364


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pennsylvania — continued

Moon Area School District

Series 2015A, GO, 5.00%, 11/15/2022		285,000		293,109

Series 2015A, GO, 5.00%, 11/15/2023		35,000		37,082

Mount Lebanon Hospital Authority, St. Clair Memorial Hospital Project Rev., 5.00%, 7/1/2022		100,000		101,453

Mount Lebanon School District GO, 5.00%, 2/15/2023		50,000		51,954

Muhlenberg School District

GO, 1.50%, 5/15/2022		350,000		350,644

GO, 4.00%, 5/15/2022		20,000		20,138

Nazareth Area School District GO, 4.00%, 11/15/2022		50,000		51,113

Norristown Area School District GO, 5.00%, 9/1/2022		190,000		193,968

North Allegheny School District, Unlimited Tax Series 2019A, GO, 4.00%, 5/1/2024		25,000		26,414

North East School District GO, AGM, 2.00%, 9/1/2022		170,000		170,906

North Hills School District Series 2016A, GO, 5.00%, 12/15/2022		20,000		20,647

North Penn School District

Series 2019A, GO, 3.00%, 1/15/2023		20,000		20,375

Series 2019A, GO, 3.00%, 1/15/2025		30,000		31,372

North Wales Water Authority Rev., 3.00%, 11/1/2022		20,000		20,297

North Wales Water Authority, Water and Sewer System Rev., 4.00%, 11/1/2022		50,000		51,074

Northampton Area School District GO, 4.00%, 8/15/2022		105,000		106,558

Northampton County General Purpose Authority, Lafayette College Rev., 5.00%, 11/1/2023		30,000		31,904

Northampton County General Purpose Authority, St. Luke’s University Health Network Project

Series 2016A, Rev., 5.00%, 8/15/2022		180,000		183,466

Series 2016A, Rev., 5.00%, 8/15/2023		45,000		47,517

Northeastern School District Series 2021B, GO, 2.00%, 9/1/2022		200,000		201,156

Norwin School District GO, AGM, 3.00%, 11/15/2022		110,000		111,710


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Pennsylvania — continued

Oakmont Borough Municipal Authority Water Department Rev., 2.00%, 6/1/2022		55,000		55,189

Owen J Roberts School District GO, 5.00%, 5/15/2023 (b)		70,000		73,405

Oxford Area School District

GO, 2.50%, 8/1/2022		25,000		25,192

Series 2019A, GO, 4.00%, 9/1/2022		35,000		35,575

Series 2019A, GO, 4.00%, 9/1/2023		40,000		41,645

Parkland School District

GO, 5.00%, 4/15/2022		235,000		236,234

Series 2020A, GO, 4.00%, 1/15/2023		55,000		56,440

Penn Delco School District

Series 2013A, GO, 4.13%, 6/1/2023 (b)		25,000		25,938

Series 2013A, GO, 4.25%, 6/1/2023 (b)		25,000		25,980

Penn Manor School District

GO, 4.00%, 3/1/2022		65,000		65,000

GO, 4.00%, 3/1/2023		55,000		56,692

Pennsbury School District

Series 2018A, GO, 3.00%, 8/1/2022		315,000		318,012

GO, 5.00%, 8/1/2025		25,000		25,446

Pennsylvania Economic Development Financing Authority, PPL Electric Utilities Corporation Project Rev., 0.40%, 10/1/2023		800,000		783,875

Pennsylvania Economic Development Financing Authority, University of Pittsburgh Medical Center

Rev., 5.00%, 3/15/2022		285,000		285,465

Series 2013A, Rev., 5.00%, 7/1/2022		25,000		25,363

Series 2021A, Rev., 4.00%, 10/15/2022		45,000		45,907

Series 2017A, Rev., 4.00%, 11/15/2022		325,000		332,348

Series 2014A, Rev., 5.00%, 2/1/2023		480,000		498,068

Rev., 5.00%, 3/15/2023		70,000		72,956

Series 2017A, Rev., 5.00%, 11/15/2023		65,000		69,276

Series 2014A, Rev., 5.00%, 2/1/2024		140,000		149,595

Series 2014A, Rev., 5.00%, 2/1/2025		50,000		54,352

Series 2017A, Rev., 5.00%, 11/15/2026		25,000		28,799


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pennsylvania — continued

Pennsylvania Higher Educational Facilities Authority, BRYN MAWR College

Series 2012A, Rev., 4.00%, 12/1/2022		130,000		133,147

Rev., 5.00%, 12/1/2023		25,000		26,677

Rev., 5.00%, 12/1/2024		70,000		76,993

Pennsylvania Higher Educational Facilities Authority, Drexel University

Rev., 5.00%, 5/1/2022		260,000		261,873

Rev., 5.00%, 5/1/2023		15,000		15,690

Pennsylvania Higher Educational Facilities Authority, Philadelphia University Rev., 5.00%, 6/1/2023 (b)		20,000		20,990

Pennsylvania Higher Educational Facilities Authority, State System of Higher Education

Series AN, Rev., 5.00%, 6/15/2022		70,000		70,880

Series AQ, Rev., 5.00%, 6/15/2022		25,000		25,314

Series AR, Rev., 5.00%, 6/15/2022		150,000		151,887

Series AW, Rev., 5.00%, 6/15/2022		40,000		40,503

Series AN, Rev., 5.00%, 6/15/2023		25,000		26,265

Pennsylvania Higher Educational Facilities Authority, Temple University

Series 2012, Rev., 5.00%, 4/1/2022 (b)		380,000		381,386

Series 2012, Rev., 5.00%, 4/1/2022		20,000		20,073

Pennsylvania Higher Educational Facilities Authority, Thomas Jefferson University Rev., 5.00%, 3/1/2022		25,000		25,000

Pennsylvania Higher Educational Facilities Authority, Trustees of the University

Series 2015C, Rev., 5.00%, 10/1/2022		230,000		235,757

Series B, Rev., 5.00%, 10/1/2022		60,000		61,502

Series 2018A, Rev., 5.00%, 2/15/2023		60,000		62,368

Series 2016A, Rev., 5.00%, 8/15/2023		25,000		26,447

Series 2015A, Rev., 5.00%, 10/1/2023		25,000		26,559

Pennsylvania Higher Educational Facilities Authority, University of Pennsylvania Health System

Rev., 5.00%, 8/15/2022		150,000		152,971

Series 2012A, Rev., 5.00%, 8/15/2022		30,000		30,594


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Pennsylvania — continued

Series 2016C, Rev., 5.00%, 8/15/2022		305,000		311,042

Series 2016C, Rev., 5.00%, 8/15/2023		90,000		95,210

Series 2012A, Rev., 3.25%, 8/15/2025		250,000		252,897

Pennsylvania Higher Educational Facilities Authority, Widener University

Rev., 5.00%, 7/15/2022		100,000		101,481

Series 2013A, Rev., 5.00%, 7/15/2023 (b)		130,000		136,923

Pennsylvania Housing Finance Agency, Single Family Mortgage Series 2019-130A, Rev., 1.40%, 4/1/2024		260,000		259,414

Pennsylvania Intergovernmental Cooperation Authority, City of Philadelphia Funding Program

Rev., 5.00%, 6/15/2022		135,000		136,718

5.00%, 6/15/2022		95,000		96,206

Pennsylvania State University (The)

Series 2020E, Rev., 5.00%, 3/1/2022		35,000		35,000

Series B, Rev., 5.25%, 8/15/2022		55,000		56,154

Series 2015B, Rev., 5.00%, 9/1/2022		90,000		91,953

Series 2019A, Rev., 5.00%, 9/1/2022		275,000		280,966

Series B, Rev., 5.00%, 9/1/2022		85,000		86,844

Series 2016B, Rev., 5.00%, 9/1/2023		120,000		127,098

Pennsylvania Turnpike Commission

Series 2020A, Rev., VRDO, LOC: Barclays Bank plc, 0.19%, 3/9/2022 (c)		40,000,000		40,000,000

Series 2019-2, Rev., VRDO, LOC: TD Bank NA, 0.20%, 3/9/2022 (c)		14,095,000		14,095,000

Series 2018A-1, Rev., (SIFMA Municipal Swap Index Yield + 0.60%), 0.80%, 3/10/2022 (d)		25,000		25,129

Series 2016B, Rev., 5.00%, 6/1/2022		310,000		313,319

Series 2010C-3, Rev., Zero Coupon, 12/1/2022		105,000		104,055

Series 2021A, Rev., 3.00%, 12/1/2022		75,000		76,179

Series 2021B, Rev., 3.00%, 12/1/2022		60,000		60,943


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pennsylvania — continued

Series A-1, Rev., 3.00%, 12/1/2022		60,000		60,938

Rev., 5.00%, 12/1/2022		195,000		200,962

Series 2011A, Rev., 5.00%, 12/1/2022		125,000		128,822

Series 2012B, Rev., 5.00%, 12/1/2022		75,000		77,287

Series 2012B, Rev., AGM, 5.00%, 12/1/2022 (b)		110,000		113,456

Series 2014A, Rev., 5.00%, 12/1/2022		75,000		77,293

Series 2015B, Rev., 5.00%, 12/1/2022		75,000		77,293

Series 2017A, Rev., 5.00%, 12/1/2022		45,000		46,372

Series 2019A, Rev., 5.00%, 12/1/2022		140,000		144,280

Series A-1, Rev., 5.00%, 12/1/2022		390,000		401,924

Series A-1, Rev., 5.00%, 12/1/2022 (b)		25,000		25,785

Series 2016B, Rev., 5.00%, 6/1/2023		25,000		26,215

Series 2011A, Rev., 5.00%, 12/1/2023		35,000		37,291

Series A-1, Rev., 5.00%, 12/1/2023		25,000		26,637

Pennsylvania Turnpike Commission, Motor License Fund-Enhanced

Rev., 5.00%, 12/1/2022 (b)		75,000		77,327

Series 2012B, Rev., 5.00%, 12/1/2022		45,000		46,376

Series 2013A, Rev., 5.00%, 12/1/2022 (b)		40,000		41,241

Rev., 5.00%, 12/1/2023		290,000		308,985

Pennsylvania Turnpike Commission, Oil Franchise Tax

Series A, Rev., 5.00%, 12/1/2022		85,000		87,670

Series 2016A, Rev., 5.00%, 12/1/2023		175,000		186,803

Pennsylvania Turnpike Commission, Registration Fee Series 2005A, Rev., AGM, 5.25%, 7/15/2022		30,000		30,522

Pennsylvania Turnpike Commission, Senior Lien

Series 2012A, Rev., 5.00%, 12/1/2022 (b)		270,000		278,482

Series 2012A, Rev., 5.00%, 12/1/2022		180,000		185,503

Series 2012A, Rev., 5.00%, 12/1/2023		150,000		154,326


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Pennsylvania — continued

Penn-Trafford School District, Limited Tax GO, 4.00%, 5/1/2022		55,000		55,308

Perkiomen Valley School District

GO, 5.00%, 3/1/2023		25,000		26,014

GO, 5.00%, 11/15/2023		50,000		53,272

GO, 5.00%, 3/1/2024		25,000		26,873

Peters Township School District Washington County

GO, 4.00%, 9/1/2022		135,000		137,212

GO, 5.00%, 1/15/2026		20,000		22,557

Philadelphia Authority for Industrial Development

Series 2016, Rev., 5.00%, 4/1/2022		400,000		401,460

Rev., 5.00%, 10/1/2022		350,000		358,304

Philadelphia Authority for Industrial Development, National Board of Medical Examiners Project Rev., 5.00%, 5/1/2025		160,000		177,065

Philadelphia Authority for Industrial Development, Thomas Jefferson University Series 2017A, Rev., VRDO, 3.00%, 9/1/2022 (b) (c)		500,000		500,000

Philadelphia Gas Works Co., 1998 General Ordinance

Rev., 5.00%, 8/1/2022		190,000		193,360

Rev., 5.00%, 10/1/2022		515,000		527,524

Rev., 5.00%, 8/1/2023		125,000		131,865

Rev., 5.00%, 10/1/2025		85,000		95,867

Philipsburg-Osceola Area School District GO, 4.00%, 10/15/2022		25,000		25,488

Pine-Richland School District, Unlimited Tax Series 2020A, GO, 3.00%, 7/15/2022		120,000		121,029

Pittsburgh School District

GO, 4.00%, 9/1/2022		70,000		71,161

GO, 5.00%, 9/1/2022		20,000		20,431

Series 2017A, GO, 5.00%, 9/1/2022		35,000		35,754

GO, 4.00%, 9/1/2023		230,000		239,986

GO, AGM, 5.00%, 9/1/2023		25,000		26,471

Pittsburgh Water and Sewer Authority, First Lien

Series 2019A, Rev., 5.00%, 9/1/2022		25,000		25,526

Series A, Rev., 5.00%, 9/1/2022		210,000		214,418

Pittston Area School District GO, AGM, 4.00%, 7/15/2022		25,000		25,297


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pennsylvania — continued

Pocono Mountain School District Series B, GO, AGM, 4.00%, 6/15/2022		75,000		75,710

Pottstown Borough Authority Rev., GTD, 5.00%, 6/15/2022		50,000		50,623

Pottsville Hospital Authority, Schuylkill Health System Project Rev., 5.75%, 7/1/2022 (b) (e)		340,000		345,733

Quaker Valley School District GO, 5.00%, 10/1/2023		65,000		68,968

Reading Area Water Authority Rev., AGM, 4.00%, 12/1/2023		75,000		77,447

Riverside School District

GO, 3.00%, 10/15/2023		125,000		128,444

GO, 4.00%, 10/15/2024		320,000		340,944

GO, 4.00%, 10/15/2025		275,000		298,176

Riverview School District Series 2020A, GO, AGM, 4.00%, 8/15/2022		25,000		25,365

Robinson Township Municipal Authority Rev., AGM, 3.00%, 5/15/2022		35,000		35,167

Saucon Valley School District GO, 4.00%, 9/1/2022		100,000		101,618

Saxonburg Area Authority Rev., AGM, 4.00%, 3/1/2023		50,000		51,462

School District of Philadelphia (The) Series F, GO, 5.00%, 9/1/2024		100,000		108,902

Selinsgrove Area School District, Limited Tax GO, 4.00%, 3/1/2023		25,000		25,756

Shikellamy School District Series 2020A, GO, 5.00%, 9/1/2022		25,000		25,518

Snyder County Higher Education Authority, Susquehanna University Project Rev., 2.38%, 1/1/2023		50,000		50,596

Souderton Area School District

GO, 2.00%, 11/1/2022		40,000		40,301

GO, 5.00%, 11/1/2022		25,000		25,684

South Eastern School District GO, 4.00%, 6/1/2023		75,000		77,765

South Fayette Township School District Series 2014A, GO, AGM, 4.00%, 9/15/2022		50,000		50,129

Southeastern Pennsylvania Transportation Authority

Rev., 5.00%, 3/1/2022		60,000		60,000

Rev., 5.00%, 6/1/2022		85,000		85,941

Rev., 4.00%, 3/1/2023		120,000		123,752

Rev., 5.00%, 3/1/2025		45,000		49,347


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Pennsylvania — continued

Southeastern Pennsylvania Transportation Authority, Capital Grant Receipts

Rev., 5.00%, 6/1/2022		595,000		601,604

Rev., 5.00%, 6/1/2023		395,000		414,949

Rev., 5.00%, 6/1/2024		20,000		21,455

Southern Lehigh School District

Series A, GO, 5.00%, 9/1/2022		20,000		20,429

Series A, GO, 5.00%, 9/1/2023		35,000		36,984

Spring Grove Area School District Series A, GO, 5.00%, 10/1/2022		115,000		117,810

Spring-Ford Area School District

Series 2016A, GO, 4.00%, 3/1/2022		75,000		75,000

Series 2016A, GO, 5.00%, 3/1/2023		50,000		52,038

St. Mary Hospital Authority, Catholic Health East Issue Series 2012A, Rev., 4.00%, 5/15/2022 (b)		35,000		35,248

State College Area School District

GO, 3.00%, 5/15/2022		25,000		25,126

Series 2015B, GO, 5.00%, 5/15/2022		150,000		151,362

GO, 5.00%, 3/15/2023		50,000		52,122

State Public School Building Authority, Community College of Philadelphia Project Rev., 5.00%, 6/15/2022		50,000		50,620

State Public School Building Authority, Community College Project Rev., 5.00%, 3/1/2022		20,000		20,000

State Public School Building Authority, Dauphin County Technical School Project Rev., 5.00%, 9/15/2022		60,000		61,377

State Public School Building Authority, Delaware County Community College Project Rev., 5.00%, 10/1/2022		75,000		76,850

State Public School Building Authority, The School District of Philadelphia Project Rev., 5.00%, 4/1/2022 (b)		450,000		451,623

State Public School Building Authority, The School District of the City of Harrisburg Project Series 2016A, Rev., AGM, 4.00%, 12/1/2026 (b)		15,000		16,725

State Public School Building Authority, Westmoreland County Community College

Series 2016A, Rev., AGM, 5.00%, 10/15/2022		145,000		148,763

Series 2016A, Rev., AGM, 5.00%, 10/15/2023		10,000		10,620


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pennsylvania — continued

Steel Valley School District, Capital Appreciation GO, AGM, Zero Coupon, 11/1/2022		40,000		39,650

Sto Rox School District GO, 3.00%, 12/15/2022		150,000		151,973

Susquehanna Township School District

GO, 4.00%, 5/15/2022		155,000		156,068

GO, 4.00%, 5/15/2023		25,000		25,893

Swarthmore Borough Authority Rev., 5.00%, 9/15/2022		75,000		76,746

Swarthmore Borough Authority, Swarthmore College Series 2016B, Rev., 5.00%, 9/15/2022		50,000		51,164

Towanda Area School District GO, AGM, 4.00%, 3/15/2022		50,000		50,061

Township of Bensalem GO, 2.25%, 6/1/2022		65,000		65,279

Township of Cranberry GO, 4.00%, 3/1/2023		35,000		36,094

Township of Derry GO, 2.00%, 11/15/2022		25,000		25,023

Township of East Brandywine GO, 3.00%, 6/1/2022 (b)		50,000		50,302

Township of Hampden GO, 4.00%, 5/15/2022		75,000		75,512

Township of Hampton GO, 4.00%, 1/1/2023		65,000		66,669

Township of Hempfield

GO, 2.00%, 10/15/2022		50,000		50,301

GO, 5.00%, 10/15/2023		35,000		37,141

Township of Lower Merion

Series A, GO, 4.00%, 4/15/2022		30,000		30,128

GO, 5.00%, 1/15/2023		20,000		20,734

Township of Lower Paxton

Series 2020A, GO, 2.00%, 4/1/2022		35,000		35,031

GO, 4.00%, 4/1/2024		30,000		31,632

Township of Milford GO, 5.00%, 3/1/2022		50,000		50,000

Township of North Londonderry GO, 4.00%, 9/1/2023		70,000		73,018

Township of Palmer Series 2020A, GO, 5.00%, 11/15/2023		30,000		31,858

Township of Radnor

GO, 3.63%, 11/1/2022 (b)		40,000		40,760

GO, 3.88%, 11/1/2022 (b)		35,000		35,723

GO, 4.00%, 11/1/2022 (b)		85,000		86,831

Township of Solebury GO, 5.00%, 4/1/2022		35,000		35,127


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Pennsylvania — continued

Township of Upper Darby GO, AGM, 4.00%, 5/1/2022 (b)		25,000		25,143

Troy Area School District Bradford County

GO, 4.00%, 3/1/2022		20,000		20,000

GO, 4.00%, 3/1/2023		20,000		20,605

Tussey Mountain School District Series 2017A, GO, AGM, 3.00%, 10/1/2022 (b)		25,000		25,316

Union County Higher Educational Facilities Financing Authority, Bucknell University Series B, Rev., 5.00%, 4/1/2023		100,000		104,399

Unionville-Chadds Ford School District

GO, 4.00%, 6/1/2022		50,000		50,413

Series 2019A, GO, 4.00%, 6/1/2022		20,000		20,165

Upper Moreland Township School District GO, 2.00%, 8/15/2022		140,000		140,845

Upper Perkiomen School District GO, 5.00%, 11/15/2022		20,000		20,591

Upper St. Clair Township School District GO, 4.00%, 7/15/2022		100,000		101,196

Warwick School District GO, 5.00%, 2/1/2023		40,000		41,502

West Allegheny School District

GO, 5.00%, 3/1/2022 (b)		100,000		100,000

Series 2017A, GO, 4.00%, 9/1/2022		60,000		60,980

West Chester Area School District

GO, 5.00%, 3/15/2022		110,000		110,182

GO, 5.00%, 4/15/2022		20,000		20,109

Series 2012AA, GO, 4.00%, 5/15/2022		25,000		25,177

West Jefferson Hills School District

Series 2017A, GO, 5.00%, 8/1/2023		30,000		31,674

GO, 3.00%, 8/1/2024		25,000		26,022

West View Municipal Authority Water Rev., 4.50%, 11/15/2022		40,000		41,030

Western Westmoreland Municipal Authority Series 2021A, Rev., AGM, 3.00%, 10/15/2023		150,000		154,475

Westmont Hilltop School District GO, 3.00%, 10/1/2022		90,000		91,054

Westmoreland County Industrial Development Authority Health System, Tax Exempt Series 2020A, Rev., 4.00%, 7/1/2022		350,000		353,696

Westmoreland County Municipal Authority Series 2001-A, Rev., NATL-RE, Zero Coupon, 8/15/2022		6,550,000		6,523,366


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pennsylvania — continued

Westmoreland County Municipal Authority, Capital Appreciation Series 1999A, Rev., NATL-RE, Zero Coupon, 8/15/2022		214,000		213,130

Yough School District Series 2019A, GO, 4.00%, 10/1/2022		50,000		50,889


Total Pennsylvania				147,138,510


Rhode Island — 0.3%

City of Pawtucket Series B, GO, AGM, 4.00%, 7/1/2022		25,000		25,274

Narragansett Bay Commission, Wastewater System

Series 2013A, Rev., 5.00%, 9/1/2022 (b)		255,000		260,481

Series C, Rev., 5.00%, 9/1/2022		25,000		25,535

Rhode Island Commerce Corp. Series 2016A, Rev., 5.00%, 6/15/2023		115,000		120,818

Rhode Island Commerce Corp., Department of Transportation

Series 2016-A, Rev., 5.00%, 6/15/2022		2,710,000		2,743,770

Series 2017A, Rev., 5.00%, 6/15/2023		135,000		141,829

Rev., 5.00%, 5/15/2025		225,000		250,760

Series 2016B, Rev., 5.00%, 6/15/2025		240,000		268,130

Rhode Island Convention Center Authority Series 2015A, Rev., 5.00%, 5/15/2022		1,275,000		1,286,467

Rhode Island Health and Educational Building Corp.

Series 2016A, Rev., 4.00%, 5/15/2022		25,000		25,176

Series 2016A, Rev., 5.00%, 9/15/2022		50,000		51,150

Series 2016A, Rev., 5.00%, 5/15/2024		150,000		161,797

Rhode Island Health and Educational Building Corp., Bong Fing Program Series 2013C, Rev., 5.00%, 5/15/2022 (b)		35,000		35,318

Rhode Island Health and Educational Building Corp., Higher Education Facilities, Brown University

Rev., 5.00%, 9/1/2022		315,000		321,818

Rev., 5.00%, 9/1/2023		25,000		26,487


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Rhode Island — continued

Rhode Island Health and Educational Building Corp., Hospital Financing Lifespan Obligated Group Issue

Rev., 5.00%, 5/15/2022		85,000		85,712

Rev., 5.00%, 5/15/2024		30,000		32,298

Rev., 5.00%, 5/15/2026		65,000		73,801

Rhode Island Health and Educational Building Corp., Providence College

Series 2012B, Rev., 5.00%, 11/1/2022		75,000		77,065

Series 2012B, Rev., 5.00%, 11/1/2023		125,000		128,132

Rhode Island Health and Educational Building Corp., Public School Financing Program

Rev., 5.00%, 5/15/2022		390,000		393,526

Series J-2, Rev., 5.00%, 5/15/2023		50,000		52,394

Rhode Island Health and Educational Building Corp., Town of East Greenwich

Series 2012A, Rev., GTD, 3.00%, 5/15/2022 (b)		50,000		50,252

Series 2012A, Rev., GTD, 5.00%, 5/15/2022 (b)		35,000		35,318

Rhode Island Health and Educational Building Corp., Town OF East Greenwich Issue Series 2012A, Rev., GTD, 3.13%, 5/15/2022 (b)		25,000		25,132

Rhode Island Health and Educational Building Corp., Town of Lincoln Series 2020B, Rev., 4.00%, 5/15/2023		90,000		93,291

Rhode Island Health and Educational Building Corp., Town of Narragansett Series 2017B, Rev., GTD, 4.00%, 5/15/2022		25,000		25,176

Rhode Island Housing and Mortgage Finance Corp., Homeownership Opportunity Series 70, Rev., GNMA COLL, 1.65%, 10/1/2022		25,000		25,112

Rhode Island Infrastructure Bank Series 2018A, Rev., 5.00%, 10/1/2022		50,000		51,207

Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund

Series 2015A, Rev., 3.25%, 10/1/2022		85,000		86,267

Series 2012A, Rev., 4.00%, 10/1/2022		35,000		35,674


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Rhode Island — continued

Series 2013A, Rev., 4.00%, 10/1/2022 (b)		75,000		76,430

Series 2002B, Rev., 4.50%, 10/1/2022		25,000		25,554

Series 2012B, Rev., 5.00%, 10/1/2022 (b)		25,000		25,621

Series 2012B, Rev., 5.00%, 10/1/2022		40,000		41,001

Series 2013A, Rev., 5.00%, 10/1/2022		110,000		112,753

Series 2013A, Rev., 5.00%, 10/1/2022 (b)		30,000		30,746

Series 2014A, Rev., 5.00%, 10/1/2022		45,000		46,126

Series 2017B, Rev., 5.00%, 10/1/2022		45,000		46,126

Series B, Rev., 5.00%, 10/1/2022		20,000		20,501

Series C, Rev., 5.00%, 10/1/2022		35,000		35,876

Series 2014A, Rev., 5.00%, 10/1/2023 (b)		25,000		26,546

Series 2016A, Rev., 5.00%, 10/1/2023		60,000		63,741

Rhode Island Infrastructure Bank, Municipal Road and Bridge Series 2019A, Rev., 5.00%, 10/1/2022		150,000		153,621

Rhode Island Infrastructure Bank, Safe Drinking Water

Series 2012A, Rev., 3.00%, 10/1/2022 (b)		25,000		25,331

Series 2012A, Rev., 5.00%, 10/1/2022 (b)		170,000		174,224

Rhode Island Turnpike and Bridge Authority, Motor Fuel Tax Series 2016A, Rev., 4.00%, 10/1/2022		220,000		223,975

State of Rhode Island and Providence Plantations Consolidated Capital Development Loan

Series 2017A, GO, 5.00%, 5/1/2022		25,000		25,185

Series A, GO, 5.00%, 5/1/2022		60,000		60,443

Series 2012A, GO, 5.00%, 8/1/2022		90,000		91,633

Series 2013A, GO, 5.00%, 10/15/2022 (b)		25,000		25,663

Series 2014B, GO, 5.00%, 11/1/2022 (b)		45,000		46,267

Series 2014D, GO, 5.00%, 8/1/2023		130,000		137,328


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Rhode Island — continued

State of Rhode Island and Providence Plantations Lease Participation Certificates, School for The Deaf Project

Series 2017D, COP, 5.00%, 4/1/2022		200,000		200,710

Series 2017D, COP, 5.00%, 4/1/2024		30,000		32,271

State of Rhode Island and Providence Plantations, Courthouse Project Series 2013A, COP, 5.00%, 10/1/2023		45,000		47,696

State of Rhode Island, Consolidated Capital Development Loan Series 2012A, GO, 4.00%, 8/1/2022 (b)		30,000		30,418

State of Rhode Island, Eleanor Slater Hospital Project Series 2018B, COP, 5.00%, 11/1/2022		200,000		205,467

State of Rhode Island, Nursing Education Center Project Series 2017A, COP, 5.00%, 6/1/2023		100,000		104,858

Tobacco Settlement Financing Corp.

Series A, Rev., 5.00%, 6/1/2022		35,000		35,340

Series A, Rev., 5.00%, 6/1/2024		175,000		187,741

Town of Lincoln

Series 2015A, GO, 5.00%, 8/1/2022		265,000		269,809

Series 2015A, GO, 5.00%, 8/1/2023		255,000		269,375

Town of Smithfield Series 2016A, GO, 4.00%, 9/1/2022		20,000		20,329

Town of Westerly Series 2014A, GO, 5.00%, 7/1/2023		45,000		47,378


Total Rhode Island				9,981,250


South Carolina — 0.7%

Aiken County Consolidated School District

Series 2016A, GO, SCSDE, 5.00%, 3/1/2022		40,000		40,000

Series 2017A, GO, SCSDE, 4.00%, 4/1/2022		60,000		60,172

GO, SCSDE, 5.00%, 4/1/2022		30,000		30,110

Series 2018B, GO, SCSDE, 5.00%, 4/1/2022		30,000		30,110

Series 2019A, GO, SCSDE, 5.00%, 4/1/2022		25,000		25,092

Anderson County School District No. 1 GO, SCSDE, 5.00%, 3/1/2022		55,000		55,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


South Carolina — continued

Anderson County School District No. 4 Series 2018A, GO, SCSDE, 5.00%, 3/1/2022		80,000		80,000

Anderson County School District No. 5 GO, SCSDE, 5.00%, 3/1/2022		25,000		25,000

Anderson Regional Joint Water System Series 2012A, Rev., 5.00%, 7/15/2022 (b)		60,000		60,976

Beaufort County School District

Series 2021C, GO, SCSDE, 5.00%, 3/1/2022		70,000		70,000

Series 2015A, GO, SCSDE, 5.00%, 3/1/2023		180,000		187,412

GO, SCSDE, 5.00%, 3/1/2024		30,000		32,254

Berkeley County School District

Series 2013B, GO, SCSDE, 5.00%, 3/1/2022		50,000		50,000

Series 2021A, GO, 2.00%, 6/1/2022		405,000		406,479

Berkeley County School District, Securing Assets for Education

Rev., 5.00%, 12/1/2022		55,000		56,719

Series 2015A, Rev., 5.00%, 12/1/2025		95,000		101,117

Charleston Educational Excellence Finance Corp.

Rev., 5.00%, 12/1/2022		90,000		92,827

Rev., 5.00%, 12/1/2024		65,000		69,249

Series 2013B, Rev., 5.00%, 12/1/2025		35,000		37,259

City of Anderson, Water and Sewer

Rev., 5.00%, 7/1/2023 (f)		2,005,000		2,098,602

Rev., 5.00%, 7/1/2024 (f)		2,520,000		2,724,148

Rev., 5.00%, 7/1/2025 (f)		1,400,000		1,556,463

Rev., 5.00%, 7/1/2026 (f)		1,450,000		1,654,532

City of Columbia, Waterworks and Sewer System Series 2019A, Rev., 4.00%, 2/1/2023		35,000		36,000

City of Columbus, Water and Sewerage Rev., 3.00%, 2/1/2023		40,000		40,779

City of Florence Rev., 4.00%, 9/1/2022		25,000		25,417

City of Greenwood Rev., 5.00%, 12/1/2022		20,000		20,619

City of Rock Hill, Hospitality Fee Pledge Rev., 5.00%, 4/1/2022		60,000		60,213

Clemson University, Athletic Facilities Rev., 5.00%, 5/1/2022		150,000		151,100

Clemson University, Higher Education Bonds

Rev., 5.00%, 5/1/2023		140,000		146,457

Series 2015B, Rev., 5.00%, 5/1/2023		80,000		83,690


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

South Carolina — continued

Coastal Carolina University, Higher Education

Rev., 4.00%, 6/1/2022		75,000		75,589

Rev., 5.00%, 6/1/2022		200,000		202,063

College of Charleston

Series 2012A, Rev., 3.00%, 4/1/2022		25,000		25,050

Series 2017B, Rev., 5.00%, 4/1/2022		20,000		20,072

Series 2021A, Rev., 5.00%, 4/1/2023		50,000		52,167

County of Aiken, Administration Building Project

GO, 3.00%, 3/1/2022		25,000		25,000

GO, 3.50%, 3/1/2022 (b)		75,000		75,000

GO, 3.63%, 3/1/2022 (b)		25,000		25,000

County of Charleston Series 2021C, GO, 4.00%, 11/1/2022		30,000		30,658

County of Dorchester

Series 2013B, GO, 5.00%, 4/1/2022		25,000		25,092

GO, 5.00%, 4/1/2023		25,000		26,097

County of Dorchester, Waterworks and Sewer System

Rev., 5.00%, 10/1/2022		110,000		112,753

Rev., 5.00%, 10/1/2022 (b)		105,000		107,578

County of Florence, McLeod Medical Center Project Rev., 5.00%, 11/1/2022		270,000		277,601

County of Georgetown GO, 4.00%, 3/1/2023		50,000		51,533

County of Greenville, Fountain Inn Fire Service Area and Mauldin Fire Service Area Projects Series 2016B, GO, 3.00%, 4/1/2022		20,000		20,041

County of Richland Series 2013B, GO, 5.00%, 3/1/2023		40,000		41,647

County of Richland, Library Projects Series 2016B, GO, 5.00%, 3/1/2022		25,000		25,000

County of Sumter Series 2016A, GO, 5.00%, 3/1/2022		50,000		50,000

County of York GO, 5.00%, 4/1/2022		25,000		25,092

County Square Redevelopment Corp., Greenville County, South Carolina Project Rev., BAN, 2.00%, 3/3/2022		265,000		265,011

Dorchester County School District No. 2, Growth Installment Purchase

Series 2013B, Rev., 5.00%, 12/1/2022		60,000		61,899


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


South Carolina — continued

Series 2013B, Rev., 4.00%, 12/1/2024		50,000		52,353

Florence Public Facilities Corp., Installment Purchase Series 2020B, Rev., 5.00%, 11/1/2022		25,000		25,683

Florence School District One GO, SCSDE, 5.00%, 3/1/2022		50,000		50,000

Fort Mill School District No. 4

Series 2016D, GO, SCSDE, 5.00%, 3/1/2022		90,000		90,000

Series 2017B, GO, SCSDE, 5.00%, 3/1/2022		50,000		50,000

Series 2012A, GO, SCSDE, 3.00%, 9/1/2022 (b)		75,000		75,865

Series 2017B, GO, SCSDE, 5.00%, 3/1/2023		20,000		20,813

Fort Mill School Facilities Corp., Fort Mill School District no.4 Rev., 5.00%, 12/1/2022		50,000		51,582

Greenville County School District, Building Equity Sooner for Tomorrow Installment Purchase Rev., 5.00%, 12/1/2022		90,000		92,862

Greenville Health System Rev., 5.00%, 5/1/2022		210,000		211,526

Greenwood Fifty Schools Facilities, Inc., Installment Purchase Rev., 5.00%, 12/1/2022		80,000		82,476

Horry County School District

Rev., 5.00%, 3/1/2022		25,000		25,000

GO, SCSDE, 5.00%, 3/1/2022		45,000		45,000

GO, SCSDE, 5.00%, 3/1/2023		20,000		20,815

Series 2015A, GO, SCSDE, 5.00%, 3/1/2023		100,000		104,077

GO, SCSDE, 5.00%, 3/1/2025		25,000		27,725

Joint Municipal Water and Sewer Commission, System Improvement

Series 2019B, Rev., 5.00%, 6/1/2022		50,000		50,554

Rev., 4.75%, 6/1/2023 (b)		20,000		20,940

Kershaw County School District Series 2018A, GO, SCSDE, 5.00%, 3/1/2023		100,000		104,066

Lancaster Educational Assistance Program, Inc., School District Project Series 2013B, Rev., 5.00%, 12/1/2023		150,000		159,658

Laurens County School District No. 056 GO, SCSDE, 2.00%, 3/1/2022		30,000		30,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

South Carolina — continued

Lee County School Facilities, Inc. Rev., AGM, 5.00%, 12/1/2022		50,000		51,544

Lexington and Richland School District No. 5

GO, SCSDE, 5.00%, 3/1/2022		30,000		30,000

Series 2019B, GO, SCSDE, 5.00%, 3/1/2022		25,000		25,000

Lexington County Health Services District, Inc., LexMed Obligated Group Rev., 5.00%, 11/1/2022		200,000		205,535

Lexington County School District No. 1

Series 2013A, GO, SCSDE, 5.00%, 3/1/2022		25,000		25,000

Series 2013B, GO, SCSDE, 4.13%, 2/1/2023 (b)		25,000		25,745

Series 2013B, GO, SCSDE, 4.25%, 2/1/2023 (b)		25,000		25,773

Series 2017C, GO, SCSDE, 5.00%, 2/1/2023		130,000		134,918

Lexington County School District No. 2 GO, SCSDE, 5.00%, 3/1/2023		65,000		67,643

Lexington One School Facilities Corp., Lexington County School District No. 1 Rev., 5.00%, 12/1/2022		60,000		61,899

Lexington School District No. 2 Educational Facilities Corp. Series 2015B, Rev., 5.00%, 12/1/2022		25,000		25,774

Medical University of South Carolina (The) Rev., 5.00%, 10/1/2022		30,000		30,737

North Charleston Public Facilities Corp., Installment Purchase

Rev., 3.25%, 6/1/2022 (b)		25,000		25,163

Rev., 5.00%, 6/1/2022 (b)		25,000		25,272

Rev., 5.00%, 6/1/2022		210,000		212,262

Oconee County School District GO, SCSDE, 5.00%, 3/1/2022		575,000		575,000

Patriots Energy Group Financing Agency Series 2018A, Rev., LIQ: Royal Bank of Canada, 4.00%, 2/1/2024 (c)		250,000		261,370

Piedmont Municipal Power Agency

Subseries A-2, Rev., NATL-RE, Zero Coupon, 1/1/2023		75,000		74,228

Series 2017B, Rev., 5.00%, 1/1/2024		335,000		357,814

Series 2015A, Rev., 5.00%, 1/1/2025		360,000		394,623

Rev., NATL-RE, 5.38%, 1/1/2025		105,000		116,035


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


South Carolina — continued

Richland County School District No. 1 Series 2014C, GO, SCSDE, 5.00%, 3/1/2023		35,000		36,441

Richland County School District No. 2

GO, SCSDE, 5.00%, 3/1/2022		240,000		240,000

Series 2017B, GO, SCSDE, 5.00%, 3/1/2022		100,000		100,000

Series 2013B, GO, SCSDE, 5.00%, 5/1/2022		75,000		75,549

Series 2015A, GO, SCSDE, 5.00%, 2/1/2023		70,000		72,628

SCAGO Educational Facilities Corp. for Calhoun School District Rev., 5.00%, 12/1/2022		20,000		20,619

SCAGO Educational Facilities Corp. for Pickens School District

Rev., 5.00%, 12/1/2022		195,000		200,974

Rev., 5.00%, 12/1/2023		105,000		111,949

Rev., 5.00%, 12/1/2025		140,000		155,788

South Carolina Jobs-Economic Development Authority, Anmed Health Project Rev., 5.00%, 2/1/2023		125,000		129,647

South Carolina Jobs-Economic Development Authority, Bon Secours Health System, Inc.

Rev., 5.00%, 10/1/2022		45,000		46,105

Rev., 3.75%, 11/1/2022 (b)		20,000		20,390

Rev., 5.00%, 11/1/2022 (b)		50,000		51,390

South Carolina Jobs-Economic Development Authority, Bon Secours Mercy Health, Inc. Rev., 5.00%, 10/1/2025 (c)		300,000		336,899

South Carolina Jobs-Economic Development Authority, Conway Hospital, Inc., Project Rev., 4.00%, 7/1/2022 (b)		70,000		70,777

South Carolina Jobs-Economic Development Authority, Hospital Refunding and Improvement, Mcleod Health Projects Rev., 5.00%, 11/1/2022		390,000		400,979

South Carolina Public Service Authority, Santee Cooper

Series 2012D, Rev., 4.00%, 6/1/2022 (b)		50,000		50,427

Series 2012-D, Rev., 5.00%, 6/1/2022 (b)		1,675,000		1,693,423

Series 2014C, Rev., 5.00%, 12/1/2022		140,000		144,355


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

South Carolina — continued

Series C, Rev., 5.00%, 12/1/2022		75,000		77,333

Series 2014C, Rev., 5.00%, 12/1/2023		85,000		90,564

Series B, Rev., 5.00%, 12/1/2023		75,000		79,910

Series 2013A, Rev., 5.75%, 12/1/2023 (b)		40,000		43,216

Series A, Rev., 5.00%, 12/1/2026		160,000		177,454

South Carolina State Fiscal Accountability Authority, Mental Health Project Rev., 5.00%, 10/1/2022		75,000		76,877

South Carolina Transportation Infrastructure Bank

Series 2016A, Rev., 5.00%, 10/1/2022		110,000		112,773

Series 2015A, Rev., 5.00%, 10/1/2023		55,000		58,429

Series 2015A, Rev., 5.00%, 10/1/2024		25,000		27,313

South Island Public Service District, Waterworks and Sewer System Improvement Rev., 4.50%, 4/1/2022 (b)		25,000		25,081

Spartanburg County School District No. 2 GO, SCSDE, 2.50%, 3/1/2023		100,000		101,340

Spartanburg County School District No. 6 GO, SCSDE, 5.00%, 4/1/2022		25,000		25,092

Spartanburg Sanitary Sewer District, Sewer System Series B, Rev., 5.00%, 3/1/2023 (b)		25,000		26,022

St. Peters Parish-Jasper County Public Facilities Corp., Office Building Project Series 2021B, Rev., 2.00%, 6/1/2022		165,000		165,459

State of South Carolina, University of South Carolina Series 2015B, GO, 5.00%, 4/1/2022		45,000		45,167

Town of Hilton Head Island, Beach Preservation Fee Pledge Rev., 5.00%, 8/1/2022		50,000		50,899

Town of Lexington, Waterworks and Sewer System Combined Rev., 5.00%, 6/1/2022		25,000		25,274

Town of Summerville, Hospitality Fee Pledge Series 2015B, Rev., 5.00%, 10/1/2023		300,000		317,242

University of South Carolina, Athletic Facilities

Rev., 5.00%, 5/1/2022		25,000		25,184


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


South Carolina — continued

Series 2017B, Rev., 5.00%, 5/1/2022		30,000		30,220

Series 2017B, Rev., 5.00%, 5/1/2024		410,000		442,454

Series 2017B, Rev., 5.00%, 5/1/2025		530,000		587,569

University of South Carolina, Higher Education

Rev., 5.00%, 5/1/2022		75,000		75,552

Series 2017A, Rev., 5.00%, 5/1/2022		20,000		20,147

University of South Carolina, Higher Education Facilities

Rev., 5.00%, 5/1/2022		390,000		392,868

Rev., 5.00%, 5/1/2023		90,000		94,237

Rev., 5.00%, 5/1/2024		25,000		25,182

Rev., 5.00%, 5/1/2025		70,000		77,856

University of South Carolina, Higher Education, Moore School Business Project Rev., 5.00%, 5/1/2022		75,000		75,545

York County School District No. 3 Rock Hill Series 2017B, GO, SCSDE, 5.00%, 3/1/2023		30,000		31,220


Total South Carolina				23,231,888


South Dakota — 0.3%

Bon Homme School District No. 4-2, Limited Tax GO, 2.00%, 12/1/2022		50,000		50,437

City of Rapid City, Sales Tax Rev., 5.00%, 6/1/2022		50,000		50,545

City of Sioux Falls, Sales Tax

Series 2016A, Rev., 3.00%, 11/15/2022		20,000		20,315

Series 2012A, Rev., 4.00%, 11/15/2022		180,000		184,095

Series 2017A, Rev., 5.00%, 11/15/2022		245,000		252,288

Series 2020A, Rev., 5.00%, 11/15/2022		25,000		25,744

Series 2020A, Rev., 5.00%, 11/15/2023		65,000		69,207

Codington Grant etc Counties School District No. 14-4 Watertown GO, 5.00%, 6/15/2022		650,000		657,967

County of Minnehaha Series 2017A, COP, 4.00%, 12/1/2022		25,000		25,586

County of Pennington Series 2015A, COP, 4.00%, 12/1/2023		115,000		120,833


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

South Dakota — continued

County of Pennington, Limited Tax Series 2017A, COP, 3.00%, 6/1/2023		25,000		25,644

Lennox School District Lincoln Minnehaha and Turner Counties No. 41-4 GO, 4.00%, 7/1/2022		70,000		70,716

Rapid City Area School District No. 51-4, Capital Outlay Limited Tax Series 2017B, GO, 5.00%, 1/1/2023		25,000		25,854

Rapid City Area School District No. 51-4, Limited Tax, Capital Outlay GO, 4.00%, 8/1/2023		630,000		655,873

South Dakota Board of Regents Housing and Auxiliary Facilities System

Rev., 5.00%, 4/1/2022		25,000		25,090

Rev., 3.00%, 4/1/2023		125,000		127,667

Rev., 5.00%, 4/1/2023		55,000		57,353

South Dakota Conservancy District, State Revolving Fund Program

Series 2012B, Rev., 5.00%, 8/1/2022		40,000		40,723

Series 2014B, Rev., 5.00%, 8/1/2022		100,000		101,806

South Dakota Health and Educational Facilities Authority, Avera Health Issue Rev., 5.00%, 7/1/2022		190,000		192,722

South Dakota Health and Educational Facilities Authority, Regional Health Rev., 5.00%, 9/1/2022		240,000		245,073

South Dakota Health and Educational Facilities Authority, Sanford Health Obligated Group Series B, Rev., 5.00%, 11/1/2022		85,000		87,358

South Dakota Health and Educational Facilities Authority, Sanford Obligated Group

Rev., 5.00%, 11/1/2025		75,000		84,245

Rev., 5.00%, 11/1/2026		250,000		280,249

South Dakota Health and Educational Facilities Authority, Vocational Education Program

Rev., 5.00%, 8/1/2022		20,000		20,356

Series 2015B, Rev., 5.00%, 8/1/2022		50,000		50,891

South Dakota Housing Development Authority, Homeownership Mortgage

Series 2020C, Rev., GNMA/FNMA/FHLMC COLL, 0.35%, 11/1/2022		530,000		528,215


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


South Dakota — continued

Series 2019A, Rev., 1.90%, 11/1/2022		35,000		35,231

Series D, Rev., 2.55%, 11/1/2022		70,000		70,734

South Dakota State Building Authority

Series 2017A, Rev., 4.00%, 6/1/2022		50,000		50,418

Series 2018A, Rev., 4.00%, 6/1/2022		25,000		25,209

Series 2019A, Rev., 4.00%, 6/1/2022		90,000		90,752

Series 2013B, Rev., 5.00%, 6/1/2022		80,000		80,866

Series 2015B, Rev., 5.00%, 6/1/2022		35,000		35,379

Series A, Rev., 5.00%, 6/1/2022		50,000		50,541

Series E, Rev., 5.00%, 6/1/2022		25,000		25,270

Series 2012A, Rev., 5.00%, 9/1/2022 (b)		200,000		204,299

Series 2014D, Rev., 5.00%, 9/1/2022		80,000		81,691

Series 2020C, Rev., 3.00%, 6/1/2023		35,000		35,858

Series 2019A, Rev., 4.00%, 6/1/2023		140,000		145,161

Series B, Rev., 5.00%, 6/1/2023 (b)		45,000		47,255

Series 2019A, Rev., 4.00%, 6/1/2024		30,000		31,748

Series 2014D, Rev., 5.00%, 9/1/2024		25,000		27,213

Tender Option Bond Trust Receipts/Certificates Series 2020-XG0302, Rev., VRDO, LIQ: Barclays Bank plc, 0.27%, 3/9/2022 (c) (e)		3,680,000		3,680,000


Total South Dakota				8,794,477


Tennessee — 0.5%

Chattanooga Health Educational and Housing Facility Board, Catholic Health Initiatives

Series 2013A, Rev., 5.00%, 1/1/2023 (b)		100,000		103,333

Series 2013A, Rev., 5.25%, 1/1/2023 (b)		2,580,000		2,671,317

City of Chattanooga GO, 3.13%, 10/1/2025		140,000		141,495

City of Chattanooga, Electric System Series A, Rev., 5.00%, 9/1/2022		155,000		158,379

City of Clarksville GO, 3.00%, 6/1/2023		25,000		25,625


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Tennessee — continued

City of Clarksville Water Sewer and Gas Rev., 5.00%, 2/1/2023 (b)		50,000		51,863

City of Clarksville, Electric System Rev., 2.00%, 9/1/2022		50,000		50,341

City of Clarksville, Water Sewer and Gas Rev., 5.00%, 2/1/2023		80,000		83,026

City of Fayetteville GO, 2.00%, 6/1/2022		150,000		150,114

City of Franklin, Public Improvement GO, 5.00%, 4/1/2022		50,000		50,185

City of Gallatin GO, 5.00%, 1/1/2023		30,000		31,041

City of Germantown GO, 5.00%, 8/1/2022		25,000		25,450

City of Jackson, Healthcare Rev., 5.00%, 4/1/2022		25,000		25,089

City of Johnson City Series 2019B, GO, 5.00%, 6/1/2022		45,000		45,498

City of Kingsport

GO, 5.00%, 3/1/2022		25,000		25,000

Series 2017A, GO, 5.00%, 3/1/2022		150,000		150,000

Series 2016B, GO, 4.00%, 3/1/2023		40,000		41,226

City of Knoxville, Electric System

Series 2016GG, Rev., 5.00%, 7/1/2022		25,000		25,364

Series 2017HH, Rev., 5.00%, 7/1/2022		35,000		35,510

Series 2017-II, Rev., 5.00%, 7/1/2022		20,000		20,291

City of Knoxville, Wastewater System

Series 2015A, Rev., 5.00%, 4/1/2022		45,000		45,164

Series 2017A, Rev., 5.00%, 4/1/2022		25,000		25,091

Series 2017B, Rev., 5.00%, 4/1/2022		35,000		35,128

Rev., 5.00%, 4/1/2023		35,000		36,540

Series 2015A, Rev., 5.00%, 4/1/2023		95,000		99,179

City of Lenoir City, Electric System Series 2020B, Rev., 3.00%, 6/1/2023		165,000		169,064

City of Maryville Series 2017B, GO, 5.00%, 6/1/2023		25,000		26,240

City of Memphis, Electric System Series 2020A, Rev., 4.00%, 12/1/2022		35,000		35,847

City of Memphis, Gas System Rev., 4.00%, 12/1/2022		35,000		35,847


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Tennessee — continued

City of Memphis, General Improvement

Series 2012A, GO, 5.00%, 4/1/2022		60,000		60,221

Series 2014B, GO, 5.00%, 4/1/2022		50,000		50,184

GO, 5.00%, 5/1/2022		30,000		30,222

GO, 5.00%, 6/1/2022		110,000		111,218

GO, 5.00%, 5/1/2023		100,000		104,743

Series 2014A, GO, 5.00%, 11/1/2023		25,000		26,630

City of Memphis, Sanitary Sewerage System

Rev., 4.00%, 7/1/2022		50,000		50,568

Rev., 5.00%, 10/1/2022		45,000		46,127

City of Memphis, Storm Water System Rev., 5.00%, 10/1/2022		20,000		20,501

City of Morristown

GO, 5.00%, 9/1/2022		30,000		30,642

GO, 5.00%, 6/1/2023		25,000		26,246

City of Murfreesboro

GO, 5.00%, 6/1/2022		50,000		50,555

Series 2016B, GO, 5.00%, 12/1/2022		25,000		25,793

Series 2020C, GO, 3.00%, 2/1/2023		95,000		96,886

GO, 5.00%, 6/1/2023		90,000		94,545

City of Murfreesboro, Water and Sewer System Series 2016C, GO, 5.00%, 6/1/2022		60,000		60,666

County of Bradley GO, 5.00%, 6/1/2022		20,000		20,216

County of Franklin

GO, 5.00%, 6/1/2022		45,000		45,494

GO, 5.00%, 6/1/2023		100,000		104,922

County of Hamilton

GO, 3.00%, 3/1/2022		25,000		25,000

Series 2015B, GO, 5.00%, 3/1/2022		20,000		20,000

Series 2018A, GO, 5.00%, 4/1/2022		35,000		35,130

Series 2015A, GO, 5.00%, 5/1/2022		75,000		75,560

Series 2015B, GO, 5.00%, 3/1/2023		20,000		20,831

Series 2015A, GO, 5.00%, 5/1/2023		60,000		62,875

County of Hawkins

Series 2021C, GO, 3.00%, 3/1/2023		115,000		117,202

GO, 5.00%, 6/1/2023		25,000		26,195

County of Knox

Series 2017B, GO, 5.00%, 6/1/2022		30,000		30,333

Series 2020C, GO, 5.00%, 6/1/2022		30,000		30,333

Series 2020A, GO, 5.00%, 8/1/2022		30,000		30,547

County of Lawrence GO, 4.00%, 5/1/2022		25,000		25,138


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Tennessee — continued

County of Lincoln GO, 5.00%, 5/1/2022		40,000		40,290

County of Madison

GO, 5.00%, 4/1/2022		100,000		100,363

GO, 5.00%, 4/1/2023		50,000		52,189

County of Maury GO, 5.00%, 4/1/2024		30,000		32,342

County of Montgomery, Public Improvement GO, 4.00%, 4/1/2022		40,000		40,115

County of Putnam

GO, 4.00%, 4/1/2022		75,000		75,215

GO, 5.00%, 4/1/2022		25,000		25,092

County of Rutherford

GO, 3.00%, 4/1/2022 (b)		20,000		20,041

GO, 4.00%, 4/1/2022		135,000		135,385

GO, 5.00%, 4/1/2022		235,000		235,859

Series 2013A, GO, 5.00%, 4/1/2022		40,000		40,146

County of Shelby

Series 2012A, GO, 4.00%, 3/1/2022		200,000		200,000

Series 2012A, GO, 5.00%, 3/1/2022		75,000		75,000

Series 2015A, GO, 5.00%, 4/1/2022		50,000		50,183

Series 2019B, GO, 5.00%, 4/1/2022		50,000		50,183

Series 2012A, GO, 4.00%, 3/1/2023		30,000		30,932

Series 2019B, GO, 5.00%, 4/1/2023		15,000		15,661

County of Shelby, Public Improvement

Series 2017A, GO, 5.00%, 4/1/2022		30,000		30,110

Series 2019A, GO, 5.00%, 4/1/2022		75,000		75,274

County of Sullivan

Series 2015A, GO, 5.00%, 4/1/2022		50,000		50,184

GO, 5.00%, 5/1/2022		50,000		50,369

County of Sumner, School and Public Improvement GO, 5.00%, 12/1/2022		155,000		159,846

County of Washington Series 2016A, GO, 4.00%, 6/1/2023		20,000		20,747

County of Williamson GO, 5.00%, 4/1/2022		35,000		35,129

County of Williamson, District School

GO, 5.00%, 4/1/2022 (b)		25,000		25,091

GO, 5.00%, 4/1/2023 (b)		30,000		31,320

County of Williamson, Public Improvement and School GO, 5.00%, 4/1/2023		25,000		26,105

County of Williamson, School and Public Improvement

Series 2015B, GO, 2.00%, 4/1/2022		100,000		100,127

GO, 5.00%, 5/1/2022		175,000		176,296


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Tennessee — continued

County of Wilson

Series 2017B, GO, 4.00%, 4/1/2022		50,000		50,144

Series 2017B, GO, 4.00%, 4/1/2023		25,000		25,835

Franklin Special School District, School Improvement GO, 4.00%, 6/1/2022		30,000		30,258

Greeneville Health and Educational Facilities Board, Ballad Health Obligated Group

Series 2018A, Rev., 5.00%, 7/1/2022		190,000		192,709

Series 2018A, Rev., 5.00%, 7/1/2024		145,000		152,306

Series 2018A, Rev., 5.00%, 7/1/2025		440,000		461,871

Hallsdale-Powell Utility District, Water and Sewer

Rev., 4.00%, 4/1/2022		50,000		50,142

Rev., 5.00%, 4/1/2023		45,000		46,965

Health Educational and Housing Facility Board of the City of Memphis (The), Burkle and Main Apartments Project Rev., 1.40%, 5/1/2022 (c)		125,000		125,138

Jackson Energy Authority, Wastewater System Rev., 5.00%, 12/1/2022		25,000		25,782

Johnson City Energy Authority, Electric System Rev., 5.00%, 5/1/2022		50,000		50,371

Knox County First Utility District, Water and Sewer Rev., 4.00%, 12/1/2022		20,000		20,487

Knox County Health Educational and Housing Facility Board, Covenant Health

Series 2012A, Rev., 4.00%, 1/1/2023		100,000		102,542

Series 2012A, Rev., 5.00%, 1/1/2024		85,000		87,620

Series 2012A, Rev., 5.00%, 1/1/2026		25,000		25,766

Knox County Health Educational and Housing Facility Board, Covenant Village Project, Multi-Family Rev., 0.30%, 8/1/2022 (c)		600,000		598,659

Mallory Valley Utility District, Waterworks System Rev., 5.00%, 9/1/2023		75,000		79,402

Memphis-Shelby County Airport Authority Series 2021D, Rev., 5.00%, 7/1/2022		50,000		50,708


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Tennessee — continued

Metropolitan Government Nashville and Davidson County Health and Educational Facilities Board, Trevecca Nazarene University Project

Series 2021B, Rev., 4.00%, 10/1/2023		130,000		134,099

Series 2021B, Rev., 4.00%, 10/1/2024		170,000		177,067

Series 2021B, Rev., 4.00%, 10/1/2025		170,000		179,089

Metropolitan Government Nashville and Davidson County Health and Educational Facilities Board, Vanderbilt University Medical Center

Series 2012D, Rev., 4.00%, 10/3/2022 (b)		150,000		152,798

Series 2012D, Rev., 5.00%, 10/3/2022 (b)		50,000		51,225

Metropolitan Government Nashville and Davidson County Sports Authority, Ballpark Project Series 2013A, Rev., 4.13%, 8/1/2023 (b)		40,000		41,753

Metropolitan Government Nashville and Davidson County, Health and Educational Facilities Board, Belmont University Rev., 5.00%, 5/1/2022		40,000		40,290

Metropolitan Government Nashville and Davidson County, Sports Authority, Public Improvement Series A, Rev., 5.00%, 7/1/2023		85,000		89,445

Metropolitan Government of Nashville and Davidson County

GO, 4.00%, 7/1/2022 (b)		20,000		20,222

GO, 5.00%, 7/1/2022		280,000		284,058

GO, 5.00%, 7/1/2022 (b)		240,000		243,454

Series 2015A, GO, 5.00%, 7/1/2022		210,000		213,043

Series 2015C, GO, 5.00%, 7/1/2022		250,000		253,623

Series 2013A, GO, 5.00%, 1/1/2023 (b)		50,000		51,709

Series 2013A, GO, 5.00%, 1/1/2023		70,000		72,410

GO, 5.00%, 7/1/2023		105,000		110,549

GO, 5.00%, 7/1/2023 (b)		80,000		84,250

Series A, GO, 5.00%, 7/1/2023		60,000		63,179

Metropolitan Government of Nashville and Davidson County, District Energy Series 2012A, GO, 4.00%, 10/1/2022		25,000		25,474


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Tennessee — continued

Metropolitan Government of Nashville and Davidson County, Electric System

Series 2015A, Rev., 5.00%, 5/15/2022		20,000		20,182

Series 2017A, Rev., 5.00%, 5/15/2022		80,000		80,730

Series 2017B, Rev., 5.00%, 5/15/2022		25,000		25,228

Series 2014A, Rev., 5.00%, 5/15/2023		20,000		20,965

Series 2017B, Rev., 5.00%, 5/15/2023		60,000		62,895

Metropolitan Government of Nashville and Davidson County, Water and Sewer

Rev., 2.50%, 7/1/2022 (b)		100,000		100,615

Series 2017A, Rev., 4.00%, 7/1/2022		50,000		50,560

Rev., 5.00%, 7/1/2022		95,000		96,377

Series 2020B, Rev., 5.00%, 7/1/2022		50,000		50,725

Rev., 5.00%, 7/1/2023 (b)		100,000		105,312

Series 2017B, Rev., 5.00%, 7/1/2023		25,000		26,321

Series 2020B, Rev., 5.00%, 7/1/2023		35,000		36,849

Metropolitan Nashville Airport Authority (The) Series 2015A, Rev., 4.00%, 7/1/2022		135,000		136,534

Shelby County Health Educational and Housing Facilities Board, Methodist Le Bonheur Healthcare

Series 2017A, Rev., 5.00%, 5/1/2022		345,000		347,496

Series 2017A, Rev., 5.00%, 5/1/2023		195,000		204,017

Series 2017A, Rev., 5.00%, 5/1/2025		160,000		177,537

Shelby County Health Educational and Housing Facilities Board, The Village of Germantown

Rev., 5.00%, 12/1/2022 (b)		325,000		334,837

Rev., 5.38%, 12/1/2022 (b)		80,000		82,675

State of Tennessee

Series 2012A, GO, 5.00%, 8/1/2022		40,000		40,717

Series 2019A, GO, 5.00%, 9/1/2022		90,000		91,921

Series 2021A, GO, 5.00%, 11/1/2022		20,000		20,563


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Tennessee — continued

Tennessee Energy Acquisition Corp. Series 2006A, Rev., 5.25%, 9/1/2023		20,000		21,128

Tennessee Energy Acquisition Corp., Gas Project Series 2006A, Rev., 5.25%, 9/1/2022		160,000		163,330

Tennessee Housing Development Agency, Residential Finance Program Series 1C, Rev., 3.00%, 7/1/2023		25,000		25,511

Tennessee State School Bond Authority, Higher Educational Facilities Second Program

Series 2012A, Rev., 5.00%, 5/1/2022 (b)		20,000		20,145

Rev., 5.00%, 11/1/2022		310,000		319,001

Series 2013A, Rev., 5.00%, 11/1/2022 (b)		55,000		56,530

Series 2013A, Rev., 5.00%, 11/1/2022		25,000		25,726

Series 2018A, Rev., 5.00%, 11/1/2022		105,000		108,049

Series B, Rev., 5.00%, 11/1/2022		45,000		46,306

Series A, Rev., 5.00%, 11/1/2023		65,000		69,293

Series B, Rev., 5.00%, 11/1/2023		50,000		53,302

Series B, Rev., 5.00%, 11/1/2024		20,000		21,943

Town of Smyrna GO, 5.00%, 4/1/2024		30,000		32,342

Wilson County Tenth Special School District, Limited Obligation School GO, 4.00%, 4/1/2022		40,000		40,114


Total Tennessee				15,553,582


Texas — 7.1%

Addicks Utility District, Waterworks and Sewer System, Unlimited Tax GO, AGM, 4.00%, 9/1/2023		495,000		515,210

Alamo Community College District, Financing System Senior Lien Series 2012A, Rev., 5.00%, 11/1/2022		165,000		169,679

Alamo Community College District, Maintenance Tax GO, 5.00%, 2/15/2023		20,000		20,790

Alamo Regional Mobility Authority, Senior Lien Series 2022A, Rev., 5.00%, 6/15/2022		425,000		430,184

Alamo Regional Mobility Authority, Vehicle Registration Fee Senior Lien

Rev., 5.00%, 6/15/2022		135,000		136,647

Rev., 5.00%, 6/15/2023		50,000		52,529


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

Aldine Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 2/15/2023		20,000		20,786

Aledo Independent School District, Unlimited Tax Series 2015A, GO, PSF-GTD, 5.00%, 2/15/2023		25,000		25,972

Allen Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 2/15/2023		55,000		57,171

Alvin Independent School District, Unlimited Tax GO, PSF-GTD, 4.00%, 2/15/2023		35,000		36,047

Amarillo College GO, 5.00%, 2/15/2023		90,000		93,377

Amarillo College, Limited Tax GO, 3.00%, 2/15/2023		35,000		35,652

Arlington Higher Education Finance Corp.

Series 2021A, Rev., 5.00%, 8/15/2022		60,000		60,659

Series 2021A, Rev., 5.00%, 8/15/2023		155,000		160,066

Arlington Independent School District, Unlimited Tax

GO, PSF-GTD, 5.00%, 2/15/2023		55,000		57,150

Series 2014A, GO, PSF-GTD, 5.00%, 2/15/2023 (b)		25,000		25,983

Aubrey Independent School District, Capital Appreciation, Unlimited Tax GO, PSF-GTD, Zero Coupon, 2/15/2023		45,000		44,582

Austin Community College District GO, 5.00%, 8/1/2022		20,000		20,361

Austin Community College District Public Facility Corp., Hays New Campus Project Rev., 4.00%, 8/1/2022 (b)		25,000		25,348

Austin Community College District Public Facility Corp., Highland Campus—Building 3000 Project Rev., 5.00%, 8/1/2023		25,000		26,384

Austin Community College District Public Facility Corp., Highland Campus—Parking Garage Project Series 2018C, Rev., 5.00%, 8/1/2022		100,000		101,802

Austin Community College District Public Facility Corp., Round Rock Campus Rev., 5.00%, 8/1/2022		25,000		25,451

Austin Community College District, Combined Fee Series 2016A, Rev., 4.00%, 2/1/2023		150,000		154,298


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

Austin Community College District, Limited Tax

GO, 5.00%, 8/1/2022		50,000		50,903

GO, 5.00%, 8/1/2023		45,000		47,524

Austin Independent School District, Unlimited Tax

Series C, GO, 5.00%, 3/1/2022		425,000		500,238

GO, PSF-GTD, 5.00%, 8/1/2022		75,000		76,342

Series 2014B, GO, 5.00%, 8/1/2022		65,000		66,182

Series A, GO, PSF-GTD, 5.00%, 8/1/2022		50,000		50,895

Barbers Hill Independent School District, Unlimited Tax

GO, 5.00%, 2/15/2023		120,000		124,456

GO, PSF-GTD, 5.00%, 2/15/2023		70,000		72,695

Series 2014A, GO, PSF-GTD, 5.00%, 2/15/2023		65,000		67,503

Bastrop Independent School District, Unlimited Tax

Series 2013A, GO, PSF-GTD, 3.00%, 2/15/2023		70,000		71,404

GO, PSF-GTD, 5.00%, 2/15/2023		120,000		124,679

Bay City Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 2/15/2025		40,000		44,239

Bexar County Hospital District, Limited Tax GO, 5.00%, 2/15/2023		400,000		415,556

Board of Regents of the University of Texas System, Financing System

Series 2006C, Rev., 5.00%, 8/15/2022		30,000		30,594

Series 2010B, Rev., 5.00%, 8/15/2022		225,000		229,457

Series 2012A, Rev., 5.00%, 8/15/2022		175,000		178,466

Series 2012B, Rev., 5.00%, 8/15/2022		30,000		30,594

Series 2012B, Rev., 5.00%, 8/15/2022 (b)		595,000		606,758

Series 2014A, Rev., 5.00%, 8/15/2022		20,000		20,396

Series 2016C, Rev., 5.00%, 8/15/2022		105,000		107,080

Series 2016D, Rev., 5.00%, 8/15/2022		100,000		101,981

Series 2016E, Rev., 5.00%, 8/15/2022		255,000		260,051


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

Series 2016H, Rev., 5.00%, 8/15/2022		40,000		40,792

Series 2016-I, Rev., 5.00%, 8/15/2022		435,000		443,616

Series 2016J, Rev., 5.00%, 8/15/2022		155,000		158,070

Series 2017C, Rev., 5.00%, 8/15/2022		70,000		71,387

Series 2006C, Rev., 5.00%, 8/15/2023		175,000		185,131

Series 2012A, Rev., 5.00%, 8/15/2023		20,000		21,158

Series 2016C, Rev., 5.00%, 8/15/2023		30,000		31,737

Series 2016D, Rev., 5.00%, 8/15/2023		75,000		79,342

Series 2017C, Rev., 5.00%, 8/15/2023		110,000		116,368

Brazoria County Municipal Utility District No. 17, Unlimited Tax GO, AGM, 4.00%, 9/1/2023		50,000		52,041

Brazoria-Fort Bend County Municipal Utility District No. 1 GO, 2.00%, 9/1/2022		80,000		80,486

Brazos River Authority, Williamson County Regional Raw Water Line Project Rev., 3.00%, 9/1/2022		65,000		65,750

Brazosport Water Authority, Water Supply System Series 2015C, Rev., 4.00%, 9/1/2022		25,000		25,400

Brock Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 8/15/2022		55,000		56,089

Brushy Creek Municipal Utility District, Unlimited Tax GO, 3.00%, 6/1/2022		25,000		25,147

Bryan Independent School District, Unlimited Tax

GO, PSF-GTD, 3.25%, 2/15/2023		180,000		184,123

GO, PSF-GTD, 4.00%, 2/15/2023		185,000		190,551

Buna Independent School District, School Building, Unlimited Tax GO, PSF-GTD, 2.25%, 8/15/2023		80,000		80,765

Burleson Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 2/1/2023		25,000		25,913

Canadian River Municipal Water Authority, Conjunctive Use Groundwater Supply Project Rev., 5.00%, 2/15/2023		50,000		51,920


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

Canyon Regional Water Authority , Tax-Exempt Rev., 5.00%, 8/1/2022		315,000		320,663

Canyon Regional Water Authority, Wells Ranch I Project Rev., 5.00%, 8/1/2022		50,000		50,899

Capital Area Housing Finance Corp., Multi-Family Housing, Mission Trail at El Camino Real Apartments Rev., 2.10%, 9/1/2022 (c)		125,000		125,095

Carrizo Springs Consolidated Independent School District, Unlimited Tax GO, PSF-GTD, 4.00%, 8/15/2022 (b)		60,000		60,901

Carroll Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 2/15/2023		60,000		62,369

Carrollton-Farmers Branch Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 2/15/2023		25,000		25,975

Cedar Hill Independent School District, Unlimited Tax

Series 2012-A, GO, PSF-GTD, 5.00%, 8/15/2022 (b)		30,000		30,593

Series 2012-A, GO, PSF-GTD, Zero Coupon, 2/15/2023		240,000		237,885

GO, PSF-GTD, 5.00%, 2/15/2023 (b)		50,000		51,967

Series 2013A, GO, PSF-GTD, 5.00%, 2/15/2023		75,000		77,960

Celina Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 8/15/2022		50,000		50,977

Center Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 2/15/2023		45,000		46,719

Central Texas Regional Mobility Authority, Subordinated Lien

Rev., 5.00%, 1/1/2023 (b)		430,000		444,333

Series 2020F, Rev., BAN, 5.00%, 1/1/2025		670,000		722,130

Central Texas Turnpike System

Series 2002-A, Rev., AMBAC, Zero Coupon, 8/15/2022		125,000		124,537

Series 2002-A, Rev., AGM-CR, AMBAC, Zero Coupon, 8/15/2022		30,000		29,898

Series 2012-A, Rev., 5.00%, 8/15/2022 (b)		965,000		983,824

Series 2012-A, Rev., AGM-CR, 5.00%, 8/15/2022 (b)		200,000		203,906

Series C, Rev., 5.00%, 8/15/2022		175,000		177,631


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

Chambers County Improvement District No. 1, Unlimited Tax GO, 3.00%, 9/1/2022		30,000		30,307

Chico Independent School District GO, PSF-GTD, 6.00%, 2/15/2023		50,000		52,408

City of Abilene

GO, 4.00%, 2/15/2023		160,000		164,755

GO, 5.00%, 2/15/2024		25,000		26,817

City of Albany, Combination Tax GO, AGM, 4.00%, 2/1/2023		30,000		30,729

City of Allen, Collin County GO, 4.00%, 8/15/2022		40,000		40,604

City of Amarillo

GO, 4.00%, 5/15/2022		25,000		25,178

GO, 4.00%, 2/15/2023		25,000		25,743

Rev., 5.00%, 4/1/2023		20,000		20,875

City of Amarillo, Waterworks and Sewer System Rev., 5.00%, 4/1/2022		40,000		40,147

City of Arlington, Permanent Improvement

Series B, GO, 3.00%, 8/15/2022		25,000		25,267

GO, 5.00%, 8/15/2023		25,000		26,440

City of Arlington, Special Tax Rev., 4.00%, 2/15/2023		45,000		46,285

City of Arlington, Water and Wastewater System

Series 2013B, Rev., 3.00%, 6/1/2022		50,000		50,302

Series 2013A, Rev., 3.00%, 6/1/2023		50,000		51,276

City of Austin

GO, 5.00%, 5/1/2022		55,000		55,405

GO, 5.00%, 9/1/2022		590,000		602,711

Series 2011A, GO, 5.00%, 9/1/2022		75,000		76,616

GO, 5.00%, 9/1/2023		25,000		26,479

City of Austin, Water and Wastewater System Series 2015A-1, Rev., 5.00%, 11/15/2022		130,000		133,876

City of Austin, Electric Utility System

Series 2015A, Rev., 5.00%, 11/15/2022		120,000		123,587

Series 2012A, Rev., 5.00%, 11/15/2024		495,000		509,759

Rev., 5.00%, 11/15/2025		20,000		20,591

City of Austin, Public Improvement

GO, 5.00%, 9/1/2022		335,000		342,210

GO, 5.00%, 11/1/2022		25,000		25,705

GO, 5.00%, 9/1/2023		70,000		74,141


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

City of Austin, Public Property Financing GO, 5.00%, 11/1/2022		85,000		87,399

City of Austin, Water and Wastewater System

Rev., 5.00%, 11/15/2022		100,000		102,982

Series 2013A, Rev., 5.00%, 5/15/2023 (b)		10,000		10,474

Rev., 5.00%, 11/15/2023		20,000		20,581

Series 2013A, Rev., 5.00%, 11/15/2023		10,000		10,470

Series 2013A, Rev., 5.00%, 11/15/2024		25,000		26,188

City of Baytown GO, 5.00%, 2/1/2023		410,000		425,241

City of Beaumont

GO, 5.00%, 3/1/2022 (b)		65,000		65,000

Series 2020A, GO, 5.00%, 3/1/2022		65,000		65,000

GO, 5.00%, 3/1/2023		130,000		135,180

City of Beaumont, Waterworks & Sewer System

Rev., 5.00%, 9/1/2022 (b)		55,000		56,182

Series A, Rev., AGM, 5.00%, 9/1/2022		105,000		107,198

City of Boerne GO, 4.00%, 3/1/2022		175,000		175,000

City of Brownsville, Utilities System

Rev., AGM, 5.00%, 9/1/2022		150,000		153,065

Series 2013A, Rev., 5.00%, 9/1/2022		425,000		433,683

Series 2013A, Rev., 5.00%, 9/1/2023		100,000		105,516

Series 2013A, Rev., 5.00%, 9/1/2024		225,000		237,410

City of Bryan

GO, 3.00%, 8/15/2022		30,000		30,319

GO, 4.00%, 8/15/2022		165,000		167,501

City of Bryan, Electric System

Rev., 5.00%, 7/1/2023		15,000		15,776

Series 2021A, Rev., 5.00%, 7/1/2023		200,000		210,351

Series 2021A, Rev., 5.00%, 7/1/2024		245,000		265,354

City of Bryan, Rural Electric System

Rev., 5.00%, 7/1/2022		165,000		167,380

Rev., 5.00%, 7/1/2023		10,000		10,517

Rev., AGM, 5.00%, 7/1/2024		490,000		530,944

City of Bryan, Waterworks and Sewer System Rev., 4.00%, 7/1/2022		70,000		70,788

City of Buda GO, 5.00%, 8/15/2024		20,000		21,787


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

City of Buda, Combination Tax GO, 5.00%, 8/15/2022		105,000		107,056

City of Burleson

GO, 4.00%, 3/1/2022		35,000		35,000

GO, 5.00%, 3/1/2023		370,000		384,781

City of Cedar Hill, Refunding and Improvement

GO, 5.00%, 2/15/2023		25,000		25,940

GO, 5.00%, 2/15/2025		40,000		44,178

City of Cedar Park, Refunding and Improvement GO, 5.00%, 2/15/2023		30,000		31,149

City of Cedar Park, Utility System Rev., 3.00%, 8/15/2022		25,000		25,262

City of Cleveland GO, 3.00%, 3/1/2022		40,000		40,000

City of College Station GO, 5.00%, 2/15/2023		50,000		51,974

City of Conroe

Series 2019B, GO, 5.00%, 11/15/2022		60,000		61,767

Series 2018B, GO, 5.00%, 11/15/2024		25,000		27,446

Series 2019A, GO, 5.00%, 3/1/2025		35,000		38,728

City of Coppell, Combination Tax and Limited Surplus GO, 5.00%, 2/1/2023		50,000		51,887

City of Copperas Cove GO, 4.00%, 8/15/2025		25,000		27,110

City of Corinth, Combination Tax GO, 5.00%, 2/15/2023		25,000		25,965

City of Corpus Christi GO, 5.00%, 3/1/2023		90,000		93,660

City of Corpus Christi, General Improvement

GO, 5.00%, 3/1/2022		300,000		300,000

GO, 5.00%, 3/1/2023		110,000		114,473

Series 2020A, GO, 5.00%, 3/1/2023		45,000		46,830

City of Corpus Christi, Junior Lien Utility System

Rev., 5.00%, 7/15/2022		355,000		360,738

Series 2020A, Rev., 5.00%, 7/15/2022		50,000		50,808

Rev., 5.00%, 7/15/2023 (b)		25,000		26,349

Series 2020A, Rev., 5.00%, 7/15/2023		75,000		79,077

City of Dallas

GO, 5.00%, 2/15/2023		945,000		982,305

Series 2020A, GO, 5.00%, 2/15/2023		50,000		51,974


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

Series 2019A, GO, 5.00%, 2/15/2024		220,000		236,436

GO, 5.00%, 2/15/2025		100,000		107,390

Series 2013A, GO, 5.00%, 2/15/2025		25,000		25,960

GO, 5.00%, 2/15/2026		185,000		198,374

GO, 5.00%, 2/15/2027		160,000		171,406

City of Dallas Housing Finance Corp., Multi-Family, Palladium Redbird Rev., 1.50%, 4/1/2022 (c)		15,130,000		15,139,940

City of Dallas, Equipment Acquisition Contract

GO, 5.00%, 2/15/2023		215,000		223,487

Series 2020B, GO, 5.00%, 2/15/2023		40,000		41,579

City of Dallas, Waterworks and Sewer System

Rev., 5.00%, 10/1/2022 (b)		75,000		75,253

Series 2012A, Rev., 5.00%, 10/1/2022		50,000		51,240

Series 2016A, Rev., 5.00%, 10/1/2022		35,000		35,868

Series 2020C, Rev., 5.00%, 10/1/2022		70,000		71,735

Series 2012A, Rev., 5.00%, 10/1/2023		70,000		71,619

City of Deer Park

GO, 3.00%, 3/15/2022		50,000		50,045

GO, 3.00%, 3/15/2024		25,000		25,894

City of Denton

GO, 3.00%, 2/15/2023		50,000		50,979

GO, 5.00%, 2/15/2023		45,000		46,732

City of Denton, Utility System Rev., 5.00%, 12/1/2022		1,665,000		1,715,779

City of DeSoto Series 2020D, GO, 5.00%, 2/15/2023		165,000		171,272

City of Eagle Pass GO, AGM, 5.00%, 3/1/2023		25,000		26,006

City of Eagle Pass, Limited Tax GO, 4.00%, 3/1/2022		75,000		75,000

City of Edinburg

GO, 4.50%, 3/1/2022		105,000		105,000

GO, 5.00%, 3/1/2022		65,000		65,000

City of EI Paso, Combination Tax GO, 5.00%, 8/15/2022		85,000		86,688

City of El Paso

GO, 4.00%, 8/15/2022 (b)		80,000		81,220


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

GO, 5.00%, 8/15/2022		135,000		137,680

Series 2019A, GO, 5.00%, 8/15/2022		170,000		173,375

Series 2014A, GO, 5.00%, 8/15/2023		300,000		317,277

City of El Paso Municipal Drainage Utility System

Rev., 4.00%, 3/1/2022 (b)		25,000		25,000

Rev., 5.00%, 3/1/2022		135,000		135,000

City of El Paso, Combination Tax GO, 5.00%, 8/15/2022		25,000		25,496

City of El Paso, Water and Sewer System

Rev., 4.00%, 3/1/2022		50,000		50,000

Series 2012A, Rev., 4.00%, 3/1/2022 (b)		40,000		40,000

Rev., 5.00%, 3/1/2022		140,000		140,000

Rev., 5.00%, 3/1/2022 (b)		105,000		105,000

Series 2012A, Rev., 5.00%, 3/1/2022		50,000		50,000

Series 2012A, Rev., 5.00%, 3/1/2022 (b)		25,000		25,000

Rev., 5.00%, 3/1/2023		155,000		161,382

City of Farmers Branch GO, 4.00%, 2/15/2025		35,000		37,689

City of Farmers Branch, Combination Tax GO, 5.00%, 2/15/2023		30,000		31,152

City of Forney, Tax and Waterworks and Sewer System GO, 2.25%, 2/15/2023		35,000		35,420

City of Fort Worth GO, 5.00%, 3/1/2022		40,000		40,000

City of Fort Worth, Drainage Utility System

Rev., 4.00%, 2/15/2023		30,000		30,892

Rev., 5.00%, 2/15/2023		30,000		31,178

City of Fort Worth, Water and Sewer System Improvement Series 2015A, GO, 5.00%, 3/1/2022		470,000		470,000

City of Friendswood, Waterworks and Sewer System Rev., 4.00%, 3/1/2022		100,000		100,000

City of Frisco

GO, 5.00%, 2/15/2023		250,000		259,869

Series 2011, GO, 5.00%, 2/15/2023		45,000		45,150

Series 2015A, GO, 5.00%, 2/15/2023		15,000		15,592

GO, 5.00%, 2/15/2025		35,000		38,731


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

City of Garland

GO, 5.00%, 2/15/2023		55,000		57,166

Series 2015A, GO, 5.00%, 2/15/2023		25,000		25,984

City of Garland, Electric Utility System

Rev., 5.00%, 3/1/2022		415,000		415,000

Series 2019A, Rev., 5.00%, 3/1/2022		735,000		735,000

Rev., 5.00%, 3/1/2023		1,040,000		1,081,801

Series 2016A, Rev., 5.00%, 3/1/2023		20,000		20,803

Series 2016B, Rev., 5.00%, 3/1/2023		490,000		509,675

Series 2019A, Rev., 5.00%, 3/1/2023		540,000		561,683

Rev., 5.00%, 3/1/2025		250,000		274,998

Series 2019A, Rev., 5.00%, 3/1/2025		3,480,000		3,827,965

Rev., 5.00%, 3/1/2026		250,000		282,065

Series 2019A, Rev., 5.00%, 3/1/2026		240,000		270,783

City of Garland, Water and Sewer System

Rev., 3.00%, 3/1/2022		25,000		25,000

Rev., 5.00%, 3/1/2023		25,000		26,022

Series 2014A, Rev., 5.00%, 3/1/2023		105,000		109,291

City of Georgetown

GO, 4.00%, 8/15/2022		145,000		147,197

GO, 5.00%, 8/15/2022		155,000		158,049

City of Georgetown, Combination Tax GO, 5.00%, 8/15/2022		25,000		25,492

City of Granbury Series 2016A, GO, 4.00%, 8/15/2025		35,000		38,103

City of Granbury, Combination Tax GO, 5.00%, 8/15/2022		35,000		35,687

City of Grand Prairie

GO, 3.00%, 2/15/2023		45,000		45,902

Series 2019A, GO, 4.00%, 2/15/2023		25,000		25,738

GO, 5.00%, 2/15/2023		200,000		207,798

City of Grapevine

GO, 4.00%, 2/15/2023		40,000		41,165

GO, 5.00%, 2/15/2023		125,000		129,825

City of Grapevine, Combination Tax Series 2015A, GO, 5.00%, 8/15/2022		220,000		224,307


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

City of Harlingen GO, 5.00%, 2/15/2023		20,000		20,760

City of Heath, Combination Tax and Surplus GO, 5.00%, 2/15/2025		40,000		44,178

City of Houston

Series 2019C, GO, 5.00%, 3/1/2022		110,000		110,000

Series 2016A, GO, 5.00%, 3/1/2024		35,000		37,673

City of Houston, Airport System, Subordinate Lien

Series 2012B, Rev., 5.00%, 7/1/2022 (b)		285,000		289,150

Series 2012B, Rev., 5.00%, 7/1/2022		55,000		55,758

Series 2018B, Rev., 5.00%, 7/1/2022		275,000		278,828

Series 2018D, Rev., 5.00%, 7/1/2022		120,000		121,654

Series 2018D, Rev., 5.00%, 7/1/2023		485,000		509,967

Series 2018D, Rev., 5.00%, 7/1/2026		45,000		51,298

Series 2020B, Rev., 5.00%, 7/1/2026		35,000		39,930

City of Houston, Combined Utility System, First Lien

Series 2014C, Rev., 5.00%, 5/15/2022		650,000		655,943

Series 2012D, Rev., 4.00%, 11/15/2022 (b)		80,000		81,796

Series 2012D, Rev., 5.00%, 11/15/2022 (b)		155,000		159,618

Series 2014D, Rev., 5.00%, 11/15/2022		355,000		365,636

Series 2016B, Rev., 5.00%, 11/15/2022		350,000		360,486

Series 2017B, Rev., 5.00%, 11/15/2022		25,000		25,749

Series 2018D, Rev., 5.00%, 11/15/2022		180,000		185,393

Series 2014C, Rev., 4.00%, 5/15/2023		100,000		103,706

Series 2014C, Rev., 5.00%, 5/15/2023		95,000		99,654

Series 2013B, Rev., 4.00%, 11/15/2023		25,000		26,246

Series 2002C, Rev., 5.00%, 11/15/2023		25,000		26,666

Series 2014D, Rev., 5.00%, 11/15/2023		175,000		186,666


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

City of Houston, Combined Utility System, Junior Lien

Rev., AGM, Zero Coupon, 12/1/2022		160,000		158,964

Series A, Rev., AGM, Zero Coupon, 12/1/2024		85,000		81,566

City of Houston, Demolition Program Series 2013A, GO, 5.00%, 3/1/2023		30,000		31,238

City of Houston, Public Improvement

Series 2012A, GO, 4.00%, 3/1/2022		25,000		25,000

Series 2012A, GO, 5.00%, 3/1/2022 (b)		150,000		150,000

Series 2012A, GO, 5.00%, 3/1/2022		190,000		190,000

Series 2013A, GO, 5.00%, 3/1/2022		60,000		60,000

Series 2014A, GO, 5.00%, 3/1/2022		25,000		25,000

Series 2013A, GO, 5.00%, 3/1/2023 (b)		115,000		119,641

Series 2013A, GO, 5.00%, 3/1/2023		20,000		20,826

Series 2014A, GO, 5.00%, 3/1/2023		95,000		98,921

Series 2017A, GO, 5.00%, 3/1/2023		120,000		124,953

Series 2017A, GO, 5.00%, 3/1/2024		195,000		209,894

City of Hutto Series 2019A, GO, 5.00%, 8/1/2025		20,000		22,349

City of Irving GO, 5.00%, 9/15/2022		25,000		25,578

City of Irving, Waterworks and Sewer System Rev., 5.00%, 8/15/2022		25,000		25,495

City of Irving, Waterworks and Sewer System, New Lien Series 2017B, Rev., 5.00%, 8/15/2022		20,000		20,396

City of Kenedy, Combination Tax GO, 4.00%, 5/1/2025		25,000		27,010

City of Kyle GO, 4.00%, 8/15/2022		35,000		35,521

City of Lakeway GO, 4.00%, 2/1/2024		45,000		47,281

City of Lancaster GO, 5.00%, 2/15/2023		25,000		25,948

City of Laredo

GO, 4.00%, 2/15/2023		20,000		20,588

GO, 5.00%, 2/15/2023		235,000		244,139

GO, 5.00%, 2/15/2024		75,000		78,693

City of Laredo, Combination Tax GO, 5.00%, 2/15/2025		40,000		44,153

City of Laredo, Waterworks and Sewer System

Rev., AGM, 3.50%, 3/1/2022 (b)		300,000		300,000

Rev., AGM, 3.63%, 3/1/2022 (b)		215,000		215,000

City of League City GO, 5.00%, 2/15/2023		55,000		57,166

City of Leander, Combination Tax GO, 4.00%, 8/15/2022		25,000		25,370


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

City of Longview

GO, 4.00%, 6/1/2022		20,000		20,170

GO, 5.00%, 6/1/2022		60,000		60,659

GO, 5.00%, 6/1/2023		50,000		52,461

City of Lubbock

Series 2018A, GO, 3.00%, 2/15/2023		40,000		40,814

Series 2016A, GO, 4.00%, 2/15/2023		35,000		36,043

GO, 5.00%, 2/15/2023		125,000		129,910

GO, 5.00%, 2/15/2027		20,000		22,077

City of Lubbock Water and Wastewater System Series 2020A, Rev., 5.00%, 2/15/2023		45,000		46,768

City of Lubbock, Electric Light and Power System

Rev., 5.00%, 4/15/2022		205,000		206,094

Rev., 5.00%, 4/15/2023		25,000		26,124

Rev., 5.00%, 4/15/2024		400,000		431,583

Rev., 5.00%, 4/15/2025		125,000		138,929

City of Mansfield GO, 5.00%, 2/15/2023		20,000		20,782

City of Mansfield Waterworks and Sewer System Rev., 5.00%, 8/1/2022		110,000		111,982

City of Mansfield, Combination Tax GO, 2.00%, 2/15/2024		25,000		25,017

City of McAllen, Limited Tax GO, 5.00%, 2/15/2023		25,000		25,958

City of McAllen, Water and Sewer Rev., 5.00%, 2/1/2023		25,000		25,918

City of McKinney

GO, 5.00%, 8/15/2022		225,000		229,457

GO, 5.00%, 8/15/2023		30,000		31,728

Series 2020A, GO, 5.00%, 8/15/2023		180,000		190,366

GO, 5.00%, 8/15/2025		25,000		28,083

City of McKinney, Waterworks and Sewer System

Rev., 4.00%, 3/15/2022		20,000		20,025

Rev., 5.00%, 3/15/2022		95,000		95,155

Rev., 5.00%, 3/15/2023		45,000		46,895

City of Mesquite GO, 5.00%, 2/15/2023		30,000		31,173

City of Mesquite, Waterworks and Sewer System

Rev., 3.00%, 3/1/2022		140,000		140,000

Rev., 3.00%, 3/1/2023		45,000		45,943

Rev., 4.00%, 3/1/2023		75,000		77,314


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

City of Midland

GO, 5.00%, 3/1/2022		25,000		25,000

GO, 5.00%, 3/1/2023		45,000		46,830

Series 2018A, GO, 5.00%, 3/1/2025		70,000		77,390

City of Midland, Certificates of Obligation

GO, 5.00%, 3/1/2023		25,000		26,016

GO, 5.00%, 3/1/2025		40,000		44,223

City of Midlothian, Combination Tax, Navarro College District GO, 3.00%, 8/15/2024		25,000		26,043

City of Missouri City

GO, 5.00%, 6/15/2022		75,000		75,941

GO, 5.00%, 6/15/2023		55,000		57,804

GO, 5.00%, 6/15/2024		30,000		32,498

City of Missouri City, Combination Tax, Certificates of Obligation

Series 2018A, GO, 5.00%, 6/15/2022		20,000		20,251

Series 2018B, GO, 4.00%, 6/15/2025		25,000		27,045

City of Mont Belvieu, Certificates of Obligation

GO, 4.00%, 8/15/2022		100,000		101,465

GO, 5.00%, 8/15/2023		50,000		52,790

City of New Braunfels, Combination Tax, Certificates of Obligation

GO, 5.00%, 2/1/2023		60,000		62,259

GO, 5.00%, 2/1/2025		40,000		44,177

City of New Braunfels, Utility System

Rev., 5.00%, 7/1/2022		75,000		76,090

Rev., 5.00%, 7/1/2023		40,000		42,119

City of North Richland Hills GO, 3.00%, 2/15/2023		30,000		30,602

City of North Richland Hills, Waterworks and Sewer System GO, 4.00%, 2/15/2023		30,000		30,886

City of Odessa

GO, 5.00%, 3/1/2022		75,000		75,000

GO, 4.00%, 3/1/2023		165,000		169,841

GO, 5.00%, 3/1/2023		495,000		514,422

GO, 5.00%, 3/1/2026		265,000		283,823

City of Pasadena

GO, 2.25%, 2/15/2023		45,000		45,574

Series 2012A, GO, 5.00%, 2/15/2024		55,000		55,202


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

City of Pearland, Permanent Improvement

GO, 3.00%, 3/1/2022		525,000		525,000

GO, 4.00%, 3/1/2022		25,000		25,000

Series 2016B, GO, 5.00%, 3/1/2022		190,000		190,000

GO, 5.00%, 3/1/2023		115,000		119,594

Series 2016A, GO, 5.00%, 3/1/2023		30,000		31,198

GO, 5.00%, 3/1/2024		40,000		42,907

Series 2016B, GO, 5.00%, 3/1/2024		25,000		26,817

City of Pearland, Waterworks and Sewer System Series 2019B, Rev., 5.00%, 9/1/2022		190,000		193,968

City of Pflugerville, Limited Tax

GO, 5.00%, 8/1/2022 (b)		100,000		101,807

GO, 5.00%, 8/1/2022		370,000		376,699

City of Plano

GO, 5.00%, 9/1/2022		240,000		245,195

GO, 5.00%, 9/1/2023		60,000		62,914

City of Plano, Waterworks and Sewer System

Rev., 4.00%, 5/1/2022		30,000		30,170

Rev., 5.00%, 5/1/2023		25,000		26,162

City of Port Aransas, Combination Tax, Certificates of Obligation GO, 4.00%, 2/1/2025		25,000		26,906

City of Portland, Combination Tax, Certificates of Obligation GO, 4.00%, 8/15/2023		25,000		26,051

City of Richardson GO, 5.00%, 2/15/2023		85,000		88,331

City of Richardson, Combination Tax, Certificates of Obligation

GO, 3.00%, 2/15/2023		45,000		45,911

GO, 4.00%, 2/15/2023		100,000		102,972

GO, 4.50%, 2/15/2023		30,000		31,034

GO, 5.00%, 2/15/2023		100,000		103,918

City of Richland Hills, Combination Tax, Certificates of Obligation GO, 4.00%, 8/15/2022		25,000		25,378

City of Roanoke, Combination Tax, Certificates of Obligation GO, 3.00%, 8/15/2022		25,000		25,258

City of Rockwall, Certificates of Obligation GO, 4.00%, 8/1/2022		25,000		25,345

City of Rosenberg Series 2017A, GO, 3.00%, 3/1/2022		100,000		100,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

City of Round Rock

GO, 3.00%, 8/15/2022		70,000		70,758

GO, 5.00%, 8/15/2022		20,000		20,397

City of Round Rock, Utility System Rev., 5.00%, 8/1/2022		100,000		101,823

City of Rowlett, Waterworks and Sewer System Rev., 3.00%, 3/1/2022		150,000		150,000

City of Sachse, Combination Tax and Limited Surplus Series 2017A, GO, 4.00%, 2/15/2025		65,000		69,778

City of San Angelo, Combination Tax, Certificates of Obligation

GO, 3.00%, 2/15/2023		50,000		50,969

GO, 5.00%, 2/15/2023		80,000		83,065

City of San Antonio GO, 5.00%, 8/1/2022		80,000		81,442

City of San Antonio, Certificates of Obligation, Combination Tax GO, 5.00%, 8/1/2022		105,000		106,892

City of San Antonio, Drainage Utility System

Rev., 5.00%, 2/1/2024		100,000		103,695

Rev., 5.00%, 2/1/2027		50,000		51,835

City of San Antonio, Electric and Gas Systems

Rev., 5.00%, 2/1/2023		1,630,000		1,686,172

Rev., 3.00%, 2/1/2024		175,000		176,492

Rev., 5.00%, 2/1/2024		185,000		192,480

Rev., 5.25%, 2/1/2024		260,000		279,813

Rev., 5.00%, 2/1/2025		50,000		50,901

City of San Antonio, General Improvement GO, 5.00%, 8/1/2022		50,000		50,901

City of San Marcos GO, 3.00%, 8/15/2022		75,000		75,791

City of San Marcos, Combination Tax, Certificates of Obligation

GO, 5.00%, 8/15/2023		60,000		63,419

GO, 5.00%, 8/15/2024		35,000		38,154

City of Seguin

GO, 4.00%, 9/1/2022		25,000		25,400

GO, 5.00%, 9/1/2022		75,000		76,570

City of Seguin, Combination Tax, Certificates of Obligation Series 2016A, GO, 5.50%, 9/1/2022		25,000		25,585

City of Sherman, Combination Tax, Certificates of Obligation

GO, 5.00%, 8/15/2022		25,000		25,491

GO, 5.00%, 8/15/2024		25,000		27,240


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

City of Southlake GO, 5.00%, 2/15/2023		50,000		51,954

City of Sugar Land GO, 5.00%, 2/15/2023		45,000		46,776

City of Sugar Land, Waterworks and Sewer System

Rev., 4.00%, 8/15/2022		70,000		71,051

Rev., 5.00%, 8/15/2022		125,000		127,441

Rev., 5.00%, 8/15/2023		55,000		58,094

City of Temple

GO, 4.00%, 8/1/2022		35,000		35,492

GO, 5.00%, 8/1/2022		140,000		142,547

City of Temple, Combination Tax, Certificates of Obligation

GO, 2.00%, 8/1/2022		150,000		150,834

GO, 4.00%, 8/1/2022		20,000		20,276

GO, 5.00%, 8/1/2022		25,000		25,449

City of The Colony, Combination Tax, Certificates of Obligation

GO, 5.00%, 2/15/2023		35,000		36,337

GO, 5.00%, 8/15/2023		60,000		63,357

City of Tyler, Water and Sewer System Rev., 5.00%, 9/1/2022		20,000		20,433

City of Victoria GO, 5.00%, 8/15/2022		55,000		56,064

City of Victoria, Utility System Rev., 5.00%, 12/1/2022		165,000		169,969

City of Waco GO, 5.00%, 2/1/2023		25,000		25,939

City of Waco, Certificates of Obligation GO, 5.00%, 2/1/2023		40,000		41,502

City of Waco, Combination Tax, Certificates of Obligation

GO, 5.00%, 2/1/2023		145,000		150,445

GO, 5.00%, 2/1/2024		20,000		21,465

GO, 5.00%, 2/1/2025		30,000		33,151

City of Waxahachie

GO, 4.00%, 8/1/2022		100,000		101,377

Series 2016B, GO, 5.00%, 8/1/2022		195,000		198,490

GO, 4.00%, 8/1/2023		35,000		36,447

City of Waxahachie, Combination Tax, Certificates of Obligation

GO, 5.00%, 8/1/2022		45,000		45,805

GO, 4.00%, 8/1/2024		25,000		26,628

City of Weatherford

GO, 3.00%, 3/1/2022		100,000		100,000

GO, 4.00%, 3/1/2023		65,000		66,999

GO, 4.00%, 3/1/2025		30,000		32,262


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

City of Weatherford, Utility System Rev., AGM, 5.00%, 9/1/2022		30,000		30,639

City of Weslaco, Certificates of Obligation GO, 5.00%, 2/15/2024		20,000		21,422

City of Wichita Falls Series 2018B, GO, 4.00%, 10/1/2022		100,000		101,860

City of Wichita Falls, Water and Sewer System Rev., 5.00%, 8/1/2022		75,000		76,336

City of Windcrest Series 2019B, GO, 5.00%, 2/15/2023		75,000		77,807

City of Woodway GO, 5.00%, 8/15/2023		25,000		26,436

City of Wylie GO, 5.00%, 2/15/2023		135,000		140,237

City of Wylie, Combination Tax, Certificates of Obligation GO, 4.00%, 2/15/2023		40,000		41,150

Clear Lake City Water Authority

GO, 4.00%, 3/1/2022		105,000		105,000

GO, 4.00%, 3/1/2023		145,000		149,254

Clifton Higher Education Finance Corp., Idea Public Schools

Rev., PSF-GTD, 4.00%, 8/15/2022		25,000		25,349

Rev., PSF-GTD, 4.00%, 8/15/2023		60,000		62,521

Rev., PSF-GTD, 5.00%, 8/15/2023		530,000		559,890

Collin County Community College District, Limited Tax GO, 5.00%, 8/15/2022		30,000		30,590

Colorado Independent School District GO, PSF-GTD, 4.38%, 8/15/2023 (b)		25,000		26,197

Columbia-Brazoria Independent School District, Unlimited Tax GO, PSF-GTD, 3.00%, 2/1/2025		200,000		209,083

Comal Independent School District, Capital Appreciation Series 2005-A, GO, PSF-GTD, Zero Coupon, 2/1/2023		50,000		49,584

Comal Independent School District, Unlimited Tax

GO, PSF-GTD, 5.00%, 2/1/2023		20,000		20,760

Series 2015A, GO, PSF-GTD, 5.00%, 2/1/2023		20,000		20,760

GO, PSF-GTD, 5.00%, 2/1/2025		55,000		60,512

Series B, GO, PSF-GTD, 5.00%, 2/1/2025		25,000		26,772

Community Independent School District, Unlimited Tax GO, PSF-GTD, 3.00%, 2/15/2023		45,000		45,907


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

Conroe Independent School District, School Building, Unlimited Tax Series 2016A, GO, PSF-GTD, 5.00%, 2/15/2023		120,000		124,737

Conroe Independent School District, Unlimited Tax, School Building Series 2014A, GO, PSF-GTD, 5.00%, 2/15/2023		20,000		20,790

Coppell Independent School District, Unlimited Tax

GO, PSF-GTD, 5.00%, 8/15/2022		70,000		71,387

Series 2016D, GO, 5.00%, 8/15/2022		75,000		76,489

Series 2019A, GO, 5.00%, 8/15/2022		45,000		45,893

Series 2019A, GO, 5.00%, 8/15/2023		40,000		42,298

Coppell Recreational Development Corp. Rev., 5.00%, 8/1/2023		25,000		26,340

Corpus Christi Independent School District, Unlimited Tax GO, PSF-GTD, 3.00%, 8/15/2022		35,000		35,374

Cotulla Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 2/15/2023		25,000		25,972

County of Bexar GO, 5.00%, 6/15/2023		60,000		63,091

County of Bexar, Combination Tax, Certificates of Obligation

Series 2013B, GO, 5.00%, 6/15/2022		75,000		75,952

Series 2016B, GO, 5.00%, 6/15/2022		70,000		70,889

Series 2013A, GO, 4.00%, 6/15/2023 (b)		100,000		103,892

Series 2013B, GO, 5.00%, 6/15/2023 (b)		35,000		36,809

County of Bexar, Combined Venue Project Rev., 5.00%, 8/15/2022 (b)		100,000		101,976

County of Bexar, Flood Control Tax

GO, 5.00%, 6/15/2022		80,000		81,016

GO, 5.00%, 6/15/2024		45,000		48,789

County of Bexar, Limited Tax

GO, 5.00%, 6/15/2022		55,000		55,698

Series 2020A, GO, 5.00%, 6/15/2022		20,000		20,254

County of Brazoria, Certificates of Obligation GO, 5.00%, 3/1/2022		30,000		30,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

County of Brazoria, Unlimited and Limited Tax GO, 4.00%, 3/1/2022		50,000		50,000

County of Brazos, Certificates of Obligation GO, 5.00%, 9/1/2022		25,000		25,536

County of Brazos, Limited Tax GO, 5.00%, 9/1/2022		70,000		71,501

County of Cameron, Certificates of Obligation

GO, 4.00%, 2/15/2023		70,000		72,046

Series B, GO, 4.00%, 2/15/2023		25,000		25,731

County of Collin, Permanent Improvement, Limited Tax GO, 5.00%, 2/15/2023		145,000		150,710

County of Comal, Combination Tax, Certificates of Obligation Series 2017A, GO, 3.00%, 2/1/2023		25,000		25,473

County of Comal, Limited Tax

GO, 3.00%, 2/1/2023		35,000		35,662

GO, 4.00%, 2/1/2023		160,000		164,481

GO, 4.00%, 2/1/2025		35,000		37,648

County of Denton GO, 4.00%, 5/15/2022		50,000		50,352

County of Denton, Permanent Improvement

GO, 4.00%, 7/15/2022		50,000		50,626

GO, 4.00%, 7/15/2022 (b)		30,000		30,378

GO, 5.00%, 7/15/2022		150,000		152,430

Series 2019A, GO, 5.00%, 7/15/2023		50,000		52,725

County of El Paso GO, 5.00%, 2/15/2023		30,000		31,123

County of Falls GO, 5.00%, 9/1/2022		25,000		25,510

County of Fort Bend Series B, GO, 5.00%, 3/1/2023		100,000		104,117

County of Fort Bend, Certificates of Obligation GO, 5.00%, 3/1/2022		75,000		75,000

County of Fort Bend, Toll Road Rev., 5.00%, 3/1/2022		65,000		65,000

County of Fort Bend, Unlimited Tax

GO, 5.00%, 3/1/2022		50,000		50,000

Series 2016B, GO, 5.00%, 3/1/2022		35,000		35,000

GO, 5.00%, 3/1/2023		25,000		26,029

County of Fort Bend, Unlimited Tax, Subordinate Lien, Toll Road

GO, 5.00%, 3/1/2022 (b)		55,000		55,000

GO, 5.00%, 3/1/2022		220,000		220,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

County of Galveston, Limited Tax

GO, 5.00%, 2/1/2024		50,000		53,496

GO, 5.00%, 2/1/2025		30,000		33,060

County of Galveston, Unlimited Tax Road GO, 4.00%, 2/1/2023		70,000		71,921

County of Grayson, Pass-Through Toll, Limited Tax GO, 4.50%, 1/1/2023		50,000		51,494

County of Harris

Series B, GO, 5.00%, 10/1/2022		20,000		20,501

Series 2012A, GO, 5.00%, 10/1/2023		30,000		30,697

GO, 5.13%, 8/15/2024		80,000		84,602

Series 2012A, GO, 5.00%, 8/15/2026		30,000		30,590

County of Harris, Permanent Improvement Series 2017A, GO, 5.00%, 10/1/2023		25,000		26,559

County of Harris, Senior Lien, Toll Road Series 2015B, Rev., 5.00%, 8/15/2023		25,000		26,447

County of Harris, Subordinate Lien Series 2019B, GO, 5.00%, 8/15/2022		65,000		66,288

County of Harris, Subordinated Lien

GO, 5.00%, 8/15/2022		85,000		86,684

Series 2007C, GO, 5.25%, 8/15/2024		280,000		307,129

County of Harris, Toll Road, Senior Lien

Series 2015B, Rev., 5.00%, 8/15/2022		380,000		387,527

Series 2016A, Rev., 5.00%, 8/15/2022		570,000		581,290

Series 2016A, Rev., 5.00%, 8/15/2023		190,000		200,999

Series 2016A, Rev., 5.00%, 8/15/2024		60,000		65,498

Series 2012C, Rev., 5.00%, 8/15/2025		405,000		412,761

County of Harris, Unlimited Tax

GO, 5.00%, 10/1/2022		50,000		51,251

Series 2017A, GO, 5.00%, 10/1/2022		20,000		20,501

Series 2019A, GO, 5.00%, 10/1/2022		45,000		46,126

Series 2012A, GO, 5.00%, 10/1/2024		25,000		25,623

County of Hays, Limited Tax

GO, 3.25%, 2/15/2023 (b)		20,000		20,440


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

GO, 4.00%, 2/15/2023 (b)		20,000		20,588

GO, 5.00%, 2/15/2023		165,000		171,272

GO, 5.00%, 2/15/2025		35,000		38,688

County of Hays, Pass Through Toll

GO, 4.25%, 2/15/2023 (b)		25,000		25,794

GO, 4.50%, 2/15/2023 (b)		50,000		51,706

County of Hays, Unlimited Tax GO, 4.00%, 2/15/2023		40,000		41,142

County of Hidalgo GO, 5.00%, 8/15/2023		20,000		21,119

County of Hidalgo, Limited Tax Series 2019B, GO, 5.00%, 8/15/2023		20,000		21,119

County of Jefferson GO, 5.00%, 8/1/2022		75,000		75,977

County of Kendall, Limited Tax GO, 4.00%, 3/1/2023		25,000		25,731

County of Lubbock GO, 5.00%, 2/15/2023		265,000		275,461

County of Montgomery, Limited Tax Series 2014A, GO, 5.00%, 3/1/2022		110,000		110,000

County of Montgomery, Pass-Through Toll, Limited Tax

GO, 5.00%, 3/1/2022 (b)		50,000		50,000

GO, 5.00%, 3/1/2022 (b)		25,000		25,000

County of Montgomery, Unlimited Tax

GO, 5.00%, 3/1/2022		70,000		70,000

Series 2016A, GO, 5.00%, 3/1/2022		50,000		50,000

Series 2018B, GO, 5.00%, 3/1/2022		30,000		30,000

Series 2016A, GO, 5.00%, 3/1/2023		225,000		233,920

County of Nueces, Combination of Tax GO, 4.00%, 2/15/2025		25,000		26,905

County of Parker, Unlimited Tax GO, 5.00%, 2/15/2023		50,000		51,915

County of San Patricio GO, 4.00%, 4/1/2022		100,000		100,266

County of Taylor, Limited Tax GO, 5.00%, 2/15/2025		30,000		33,106

County of Titus, Unlimited Tax and Pass-Through Toll Series 2012-A, GO, 5.00%, 3/1/2022 (b)		50,000		50,000

County of Tom Green, Combination Tax and Limited Surplus GO, 5.00%, 2/1/2025		35,000		38,518

County of Travis, Limited Tax

GO, 5.00%, 3/1/2022		25,000		25,000

Series 2016A, GO, 5.00%, 3/1/2022		25,000		25,000

GO, 5.00%, 3/1/2024		100,000		107,411


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

County of Travis, Limited Tax, Certificates of Obligation

GO, 3.50%, 3/1/2022		30,000		30,000

GO, 5.00%, 3/1/2022		80,000		80,000

GO, 5.00%, 3/1/2023		110,000		114,529

County of Travis, Unlimited Tax Road

GO, 3.00%, 3/1/2022		70,000		70,000

GO, 5.00%, 3/1/2022		100,000		100,000

County of Williamson, Limited Tax GO, 4.00%, 2/15/2023 (b)		30,000		30,896

County of Williamson, Unlimited Tax GO, 5.00%, 2/15/2023		80,000		83,158

Crandall Independent School District GO, PSF-GTD, Zero Coupon, 8/15/2022		25,000		24,922

Crandall Independent School District, Unlimited Tax Series 2017B, GO, PSF-GTD, 3.00%, 8/15/2022		30,000		30,323

Crosby Independent School District, Unlimited Tax GO, PSF-GTD, 3.00%, 2/15/2026		25,000		25,176

Crowley Independent School District, Unlimited Tax GO, PSF-GTD, 4.75%, 8/1/2023 (b)		25,000		26,314

Cypress-Fairbanks Independent School District, Unlimited Tax

GO, PSF-GTD, 5.00%, 2/15/2023		270,000		280,561

Series 2019A, GO, PSF-GTD, 5.00%, 2/15/2023		75,000		77,961

Dallas Area Rapid Transit, Sales Tax, Senior Lien

Series 2016B, Rev., 4.00%, 12/1/2022		30,000		30,738

Rev., 5.00%, 12/1/2022 (b)		270,000		278,482

Series 2014A, Rev., 5.00%, 12/1/2022		290,000		299,177

Series 2016B, Rev., 5.00%, 12/1/2022		570,000		588,037

Series 2020A, Rev., 5.00%, 12/1/2022		25,000		25,801

Dallas County Hospital District, Limited Tax GO, 5.00%, 8/15/2022		325,000		331,303

Dallas County Park Cities Municipal Utility District Rev., 4.00%, 8/1/2025		25,000		27,037

Dallas County Utility and Reclamation District, Unlimited Tax

GO, 5.00%, 2/15/2023		45,000		46,693

GO, 5.00%, 2/15/2024		115,000		122,783

GO, 5.00%, 2/15/2025		55,000		60,325


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

Dallas Fort Worth International Airport

Rev., 5.00%, 11/1/2022		175,000		179,654

Series 2013F, Rev., 5.00%, 11/1/2022		470,000		482,498

Series 2013G, Rev., 5.00%, 11/1/2022		140,000		143,723

Series 2014E, Rev., 5.00%, 11/1/2022		185,000		189,920

Series 2014E, Rev., 5.00%, 11/1/2023		170,000		174,271

Series 2014C, Rev., 5.00%, 11/1/2024		175,000		185,658

Series F, Rev., 5.00%, 11/1/2024		655,000		695,453

Series 2020B, Rev., 5.00%, 11/1/2025		30,000		33,698

Series 2013F, Rev., 5.13%, 11/1/2025		505,000		536,448

Series 2013B, Rev., 5.00%, 11/1/2027		155,000		159,132

Dallas Independent School District, Unlimited Tax

GO, PSF-GTD, 4.00%, 8/15/2022 (b)		55,000		55,839

GO, PSF-GTD, 5.00%, 8/15/2022 (b)		60,000		61,186

Series 2014A, GO, PSF-GTD, 5.00%, 8/15/2022		45,000		45,881

GO, PSF-GTD, 4.00%, 2/15/2023		85,000		87,485

Series 2019B, GO, PSF-GTD, 5.00%, 2/15/2023		45,000		46,741

Series 2014A, GO, PSF-GTD, 5.00%, 8/15/2023		80,000		84,535

GO, PSF-GTD, 5.00%, 2/15/2025		25,000		27,642

Deer Park Independent School District, Limited Tax GO, PSF-GTD, 5.00%, 2/15/2023		20,000		20,774

Del Mar College District, Limited Tax

GO, 3.50%, 8/15/2022		60,000		60,760

GO, 4.00%, 8/15/2023		20,000		20,847

Del Valle Independent School District, Unlimited Tax Series 2014A, GO, PSF-GTD, 5.00%, 6/15/2023		55,000		57,855

Denton County Fresh Water Supply District No. 10, Unlimited Tax GO, 3.00%, 9/1/2022		130,000		131,362

Denton Independent School District, Unlimited Tax

GO, PSF-GTD, 5.00%, 8/15/2022		30,000		30,561

Series 2014A, GO, PSF-GTD, 5.00%, 8/15/2022		50,000		50,935


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

GO, PSF-GTD, 4.00%, 8/15/2023		50,000		52,160

GO, PSF-GTD, 5.00%, 8/15/2023		30,000		31,728

Dilley Independent School District, Unlimited Tax, School Building

GO, PSF-GTD, 4.75%, 8/15/2023 (b)		50,000		52,701

GO, PSF-GTD, 5.00%, 8/15/2023 (b)		25,000		26,440

Dripping Springs Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 8/15/2022 (b)		100,000		101,976

El Paso County Hospital District

GO, 5.00%, 8/15/2022		35,000		35,642

GO, 5.00%, 8/15/2023		55,000		57,897

El Paso Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 8/15/2023		75,000		79,319

Ennis Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 8/15/2022		30,000		30,594

Ferris Independent School District, Unlimited Tax GO, PSF-GTD, 3.00%, 8/15/2023		25,000		25,673

Floresville Independent School District, Unlimited Tax GO, PSF-GTD, 3.00%, 2/1/2025		35,000		36,559

Flour Bluff Independent School District, School Building GO, PSF-GTD, 5.00%, 8/15/2022 (b)		150,000		152,964

Forney Independent School District, Unlimited Tax GO, PSF-GTD, Zero Coupon, 8/15/2022		60,000		59,813

Fort Bend County Levee Improvement District No. 10, Levee Improvement, Unlimited Tax GO, 3.00%, 9/1/2022		25,000		25,268

Fort Bend County Levee Improvement District No. 7, Unlimited Tax GO, AGM, 4.00%, 3/1/2022		65,000		65,000

Fort Bend County Municipal Utility District No. 143, Unlimited Tax Series 2017A, GO, AGM, 3.00%, 9/1/2022		50,000		50,526

Fort Bend County Municipal Utility District No. 169

Series 2021A, GO, AGM, 4.00%, 12/1/2022		195,000		199,292

Series 2021A, GO, AGM, 4.00%, 12/1/2023		220,000		230,063

Fort Bend County Municipal Utility District No. 169, Road Facilities Series 2015A, Rev., AGM, 4.13%, 12/1/2022		100,000		102,294


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

Fort Bend County Municipal Utility District No. 192, Unlimited Tax GO, 4.50%, 9/1/2022		40,000		40,700

Fort Bend County Municipal Utility District No. 35, Unlimited Tax GO, AGM, 3.00%, 9/1/2022		50,000		50,554

Fort Bend County Municipal Utility District No. 58, Unlimited Tax GO, 3.00%, 4/1/2023		50,000		51,040

Fort Bend Grand Parkway Toll Road Authority, Subordinate Lien

Rev., 5.00%, 3/1/2022 (b)		45,000		45,000

Rev., 5.00%, 3/1/2022		140,000		140,000

Fort Bend Independent School District, Unlimited Tax

Series 2020A, GO, PSF-GTD, 4.00%, 8/15/2022		40,000		40,612

GO, PSF-GTD, 5.00%, 8/15/2022		150,000		152,971

Series 2016A, GO, PSF-GTD, 5.00%, 8/15/2022		75,000		76,486

Series 2019C, GO, PSF-GTD, 5.00%, 8/15/2022		20,000		20,396

Series 2017E, GO, PSF-GTD, 5.00%, 2/15/2023		70,000		72,763

Fort Bend Municipal Utility District No. 159, Unlimited Tax GO, 2.00%, 9/1/2022		40,000		40,221

Frenship Independent School District Series 2021A, GO, PSF-GTD, 5.00%, 2/15/2023		50,000		51,954

Frisco Independent School District, Unlimited Tax School Building

GO, PSF-GTD, 5.00%, 8/15/2022		185,000		188,673

Series 2012B, GO, PSF-GTD, 5.00%, 8/15/2022 (b)		125,000		127,470

Series 2012B, GO, PSF-GTD, 5.00%, 8/15/2022		25,000		25,496

GO, PSF-GTD, 4.00%, 2/15/2023		110,000		113,301

GO, PSF-GTD, 5.00%, 2/15/2023		125,000		129,935

Galena Park Independent School District, Unlimited Tax, School Building

GO, PSF-GTD, Zero Coupon, 8/15/2022		40,000		39,871

GO, PSF-GTD, 5.00%, 8/15/2022		100,000		101,981

Galveston County Municipal Utility District No. 68, Unlimited Tax GO, 3.00%, 9/1/2022		125,000		126,385


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

Galveston Public Facility Corp., The Oleanders at Broadway Rev., 0.47%, 8/1/2024 (c)		3,775,000		3,667,067

Georgetown Independent School District, Unlimited Tax

GO, PSF-GTD, 4.00%, 8/15/2022		25,000		25,381

GO, PSF-GTD, 5.00%, 8/15/2022		20,000		20,395

Goose Creek Consolidated Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 2/15/2023 (b)		25,000		25,969

Grand Parkway Transportation Corp., 1st Tier Toll Series 2013A, Rev., 5.50%, 10/1/2023 (b)		50,000		53,443

Grand Parkway Transportation Corp., System Toll

Rev., BAN, 5.00%, 2/1/2023		345,000		357,342

Series 2013B, Rev., 5.00%, 10/1/2023 (b)		150,000		159,156

Grand Prairie Independent School District, Unlimited Tax GO, PSF-GTD, 4.00%, 8/15/2023		150,000		156,392

Grapevine-Colleyville Independent School District, Unlimited Tax, School Building

GO, PSF-GTD, Zero Coupon, 8/15/2022		20,000		19,946

GO, PSF-GTD, 2.00%, 8/15/2022		100,000		100,622

GO, PSF-GTD, 4.00%, 8/15/2022		20,000		20,305

Series 2013B, GO, 5.00%, 8/15/2022		45,000		45,889

Gregg County Health Facilities Development Corp. Series 2012C, Rev., 5.00%, 7/1/2022 (b)		40,000		40,569

Gregory-Portland Independent School District Series 2021A, GO, PSF-GTD, 5.00%, 2/15/2023		35,000		36,371

Hallettsville Independent School District GO, PSF-GTD, 5.00%, 8/15/2022		20,000		20,396

Harris County Cultural Education Facilities Finance Corp., Baylor Medical Project

Rev., 5.00%, 11/15/2022		315,000		324,076

Series 2012A, Rev., 5.00%, 11/15/2022 (b)		750,000		772,077

Harris County Cultural Education Facilities Finance Corp., Children’s Hospital

Rev., 5.00%, 10/1/2023		20,000		21,224


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

Series 2015-1, Rev., 5.00%, 10/1/2023		180,000		191,046

Series 2015-1, Rev., 5.00%, 10/1/2026		50,000		56,039

Harris County Cultural Education Facilities Finance Corp., First Mortgage, Brazos Presbyterian Homes, Inc., Project Series 2013B, Rev., 7.00%, 1/1/2023 (b)		1,000,000		1,049,402

Harris County Cultural Education Facilities Finance Corp., Memorial Hermann Health System

Series 2019C-2, Rev., (SIFMA Municipal Swap Index Yield + 0.57%), 0.77%, 3/10/2022 (d)		490,000		491,722

Series 2013A, Rev., 4.00%, 12/1/2022 (b)		30,000		30,708

Rev., 5.00%, 12/1/2022		335,000		345,550

Rev., 5.00%, 12/1/2022 (b)		25,000		25,776

Series 2013A, Rev., 5.00%, 12/1/2022 (b)		405,000		417,568

Series 2019A, Rev., 5.00%, 12/1/2022		25,000		25,787

Series 2013A, Rev., 5.00%, 12/1/2023		320,000		329,472

Series 2019A, Rev., 5.00%, 12/1/2023		150,000		160,009

Series 2019A, Rev., 5.00%, 12/1/2024		25,000		27,398

Rev., 5.00%, 12/1/2024 (c)		185,000		203,022

Series 2020C-2, Rev., 5.00%, 12/1/2024 (c)		60,000		65,652

Series 2014A, Rev., 5.00%, 12/1/2025		1,860,000		2,039,439

Harris County Cultural Education Facilities Finance Corp., Teco Project Rev., 5.00%, 11/15/2022		250,000		257,203

Harris County Cultural Education Facilities Finance Corp., Texas Children’s Hospital

Series 2015-1, Rev., 5.00%, 10/1/2022		560,000		573,916

Series 2019A, Rev., 5.00%, 10/1/2025		110,000		123,694

Harris County Flood Control District

Series 2019A, Rev., 5.00%, 10/1/2022		75,000		76,868

Series 2021A, GO, 5.00%, 10/1/2023		30,000		31,861


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

Harris County Hospital District, Combination Tax

GO, 5.00%, 2/15/2023		100,000		103,889

GO, 5.00%, 2/15/2024		50,000		53,534

Harris County Improvement District No. 18 , Unlimited Tax GO, AGM, 5.00%, 9/1/2022		25,000		25,517

Harris County Improvement District No. 18, Unlimited Tax GO, AGM, 3.00%, 9/1/2022		55,000		55,593

Harris County Municipal Utility District No. 104, Waterworks and Sewer System Combination Unlimited Tax Series 2016A, GO, NATL-RE, 2.00%, 4/1/2022		25,000		25,028

Harris County Municipal Utility District No. 171 GO, 4.75%, 12/1/2022		45,000		46,303

Harris County Municipal Utility District No. 213B, Unlimited Tax GO, 3.00%, 9/1/2022		50,000		50,531

Harris County Municipal Utility District No. 24, Waterworks and Sewer System Combination Unlimited Tax GO, AGM, Zero Coupon, 3/1/2022		85,000		85,000

Harris County Municipal Utility District No. 383, Unlimited Tax GO, 2.00%, 9/1/2022		30,000		30,175

Harris County Municipal Utility District No. 457 GO, AGM, 3.00%, 9/1/2022		475,000		479,859

Harris County Municipal Utility District No. 500, Water Sewer and Drainage Facility Co. GO, AGM, 3.00%, 12/1/2022		20,000		20,304

Harris County Municipal Utility District No. 502, Unlimited Tax GO, AGM, 4.00%, 9/1/2023		165,000		171,737

Harris County Toll Road Authority (The), Senior Lien Series 2018A, Rev., 5.00%, 8/15/2022		620,000		632,281

Harris Montgomery Counties Municipal Utility District No. 386, Unlimited Tax GO, 3.00%, 9/1/2022		45,000		45,505

Hays Consolidated Independent School District, Unlimited Tax

Series 2018B, GO, PSF-GTD, 2.70%, 8/15/2022 (b) (c)		35,000		35,282

Series 2018B, GO, PSF-GTD, 2.70%, 8/15/2023 (c)		65,000		65,524

GO, PSF-GTD, 4.00%, 8/15/2023 (b)		50,000		52,161


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

Hidalgo County Drain District No. 1, Unlimited Tax

GO, 4.00%, 9/1/2022		115,000		116,884

GO, 5.00%, 9/1/2022		100,000		102,134

GO, 5.00%, 9/1/2023		100,000		105,823

Hidalgo County Regional Mobility Authority, Senior Lien Rev., 5.00%, 12/1/2022		100,000		102,989

Highland Park Independent School District, Dallas County, Unlimited Tax GO, PSF-GTD, 5.00%, 2/15/2023		20,000		20,786

Hitchcock Independent School District, Unlimited Tax GO, PSF-GTD, 4.00%, 2/15/2023 (b)		320,000		329,403

Housing Options, Inc., Brooks Manor —The Oaks Project Rev., 0.50%, 3/1/2025 (c)		6,250,000		6,044,229

Houston Community College System, Combined Fee

Rev., 5.00%, 4/15/2022		100,000		100,541

Rev., 5.00%, 4/15/2023		100,000		104,428

Houston Community College System, Limited Tax

Series 2021A, GO, 4.00%, 2/15/2023		120,000		123,508

GO, 5.00%, 2/15/2023 (b)		145,000		150,704

GO, 5.00%, 2/15/2023		55,000		57,128

Houston Community College System, Limited Tax and Maintenance Tax GO, 5.00%, 2/15/2023		20,000		20,774

Houston Community College System, Maintenance Tax GO, 5.00%, 2/15/2023		50,000		51,935

Houston Independent School District Public Facility Corp. Rev., 5.00%, 9/15/2023		80,000		84,788

Houston Independent School District, Limited Tax Schoolhouse

GO, PSF-GTD, 5.00%, 2/15/2023		145,000		150,639

Series A, GO, PSF-GTD, 5.00%, 2/15/2023		125,000		129,862

GO, PSF-GTD, 5.00%, 2/15/2025		155,000		171,760

Houston Independent School District, Maintenance Tax Notes

GO, 5.00%, 7/15/2022		25,000		25,402

GO, 5.00%, 7/15/2023		45,000		47,434

Humble Independent School District, Unlimited Tax School Building

Series 2012B, GO, 5.00%, 2/15/2023		20,000		20,789


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

Series 2016C, GO, 5.00%, 2/15/2023		40,000		41,579

Series 2015A, GO, PSF-GTD, 5.25%, 2/15/2023		20,000		20,837

Series 2020A, GO, PSF-GTD, 5.00%, 2/15/2025		35,000		38,720

Hurst-Euless-Bedford Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 8/15/2022		45,000		45,889

Irving Independent School District GO, PSF-GTD, 5.00%, 2/15/2023		45,000		46,776

Jasper Independent School District, Unlimited Tax GO, PSF-GTD, 3.00%, 2/15/2023		25,000		25,506

Jefferson County Drain District No. 7, Maintenance Tax Notes Rev., 4.00%, 3/1/2022		100,000		100,000

Judson Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 2/1/2023		30,000		31,118

Katy Independent School District, School Building

Series 2015A, GO, PSF-GTD, 3.00%, 2/15/2023		75,000		76,519

Series 2016-D, GO, PSF-GTD, 5.00%, 2/15/2023		70,000		72,743

Series A, GO, PSF-GTD, 5.00%, 2/15/2023		30,000		31,175

Keller Independent School District, Unlimited Tax

GO, PSF-GTD, 5.00%, 8/15/2022		45,000		45,893

Series 2014A, GO, PSF-GTD, 5.00%, 8/15/2022		120,000		122,383

Kerrville Independent School District GO, PSF-GTD, 2.00%, 8/15/2022		35,000		35,219

Killeen Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 2/15/2023		140,000		145,458

Klein Independent School District, Unlimited Tax

GO, PSF-GTD, 5.00%, 8/1/2022		25,000		25,453

Series 201B, GO, 5.00%, 8/1/2023		175,000		184,788

Series 2015A, GO, PSF-GTD, 5.00%, 8/1/2024		65,000		70,788

GO, PSF-GTD, 5.00%, 2/1/2025		50,000		55,267

La Grange Independent School District, Unlimited Tax, School Building GO, PSF-GTD, 5.00%, 8/15/2022		125,000		127,476


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

La Joya Independent School District, Unlimited Tax GO, PSF-GTD, 4.00%, 8/15/2022 (b)		50,000		50,751

La Porte Independent School District, Unlimited Tax GO, 5.00%, 2/15/2023		90,000		92,361

Lancaster Independent School District, Unlimited Tax Series 2015-C, GO, Zero Coupon, 2/15/2023		50,000		49,386

Leander Independent School District, Unlimited Tax

Series 2012A, GO, PSF-GTD, Zero Coupon, 8/15/2022 (b)		150,000		113,347

Series A, GO, PSF-GTD, Zero Coupon, 8/15/2022		45,000		44,868

Series 2018A, GO, PSF-GTD, 5.00%, 8/15/2022		65,000		66,287

Series 2013A, GO, PSF-GTD, Zero Coupon, 8/15/2023 (b)		25,000		23,589

Series 2013A, GO, PSF-GTD, 5.00%, 8/15/2023 (b)		40,000		42,215

Series 2013B, GO, 5.00%, 8/15/2023		115,000		121,537

Lewisville Independent School District, Capital Appreciation GO, PSF-GTD, Zero Coupon, 8/15/2022		40,000		39,886

Lewisville Independent School District, Unlimited Tax

Series 2014B, GO, Zero Coupon, 8/15/2022		75,000		74,776

Series 2013A, GO, PSF-GTD, 3.00%, 8/15/2022		20,000		20,216

Series 2013E, GO, PSF-GTD, 3.00%, 8/15/2022		50,000		50,539

Series 2014A, GO, PSF-GTD, 4.00%, 8/15/2022		20,000		20,306

GO, PSF-GTD, 5.00%, 8/15/2022		565,000		576,191

Series 2016A, GO, PSF-GTD, 5.00%, 8/15/2022		20,000		20,396

Series 2016B, GO, 5.00%, 8/15/2022		130,000		132,575

GO, PSF-GTD, 5.00%, 8/15/2023		75,000		79,286

Series 2014B, GO, 5.00%, 8/15/2023		95,000		100,428

Lone Star College System Rev., 5.00%, 8/15/2022		35,000		35,684

Lone Star College System, Limited Tax

Series 2017A, GO, 5.00%, 8/15/2022		40,000		40,788


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

Series 2021A, GO, 5.00%, 2/15/2023		75,000		77,946

Series A, GO, 5.00%, 2/15/2023		20,000		20,786

Series B, GO, 5.00%, 2/15/2023		40,000		41,571

GO, 5.00%, 2/15/2024		40,000		40,123

Lower Colorado River Authority

Rev., 5.00%, 5/15/2022		40,000		40,365

Series 2012A, Rev., 5.00%, 5/15/2022		1,500,000		1,513,336

Series 2012B, Rev., 5.00%, 5/15/2022		630,000		635,601

Series B, Rev., 5.00%, 5/15/2022		40,000		40,365

Rev., 5.00%, 5/15/2023		65,000		68,136

Series 2015D, Rev., 5.00%, 5/15/2023		300,000		314,475

Rev., 5.00%, 5/15/2024		125,000		134,689

Rev., 5.13%, 5/15/2024		235,000		246,602

Rev., 5.00%, 5/15/2025		750,000		830,385

Lower Colorado River Authority, LCRA Transmission Services Corp. Project

Rev., 5.00%, 5/15/2022		1,635,000		1,649,916

Series 2019A, Rev., 5.00%, 5/15/2022		245,000		247,235

Series 2020A, Rev., 5.00%, 5/15/2022		25,000		25,228

Rev., 5.00%, 5/15/2023		1,345,000		1,409,895

Series 2019A, Rev., 5.00%, 5/15/2023		150,000		157,237

Series 2020A, Rev., 5.00%, 5/15/2023		480,000		503,160

Rev., 5.00%, 5/15/2024		130,000		140,077

Rev., 5.00%, 5/15/2025		4,345,000		4,658,842

Rev., 5.00%, 5/15/2026		2,375,000		2,398,703

Series 2013A, Rev., 5.00%, 5/15/2026		445,000		466,196

Lower Neches Valley Authority Industrial Development Corp., ExxonMobil Project Series 2012, Rev., VRDO, 0.03%, 3/1/2022 (c)		16,000,000		16,000,000

Lubbock Independent School District GO, PSF-GTD, 4.00%, 2/15/2023		50,000		51,428

Lufkin Independent School District, Unlimited Tax GO, PSF-GTD, 3.00%, 8/15/2022		60,000		60,633

Magnolia Independent School District, Unlimited Tax

GO, 5.00%, 8/15/2022		120,000		122,383

GO, PSF-GTD, 5.00%, 8/15/2022		135,000		137,674

GO, 5.00%, 8/15/2023		45,000		47,457


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

Manor Independent School District, Unlimited Tax, School Building Series 2017A, GO, PSF-GTD, 5.00%, 8/1/2023		20,000		21,107

Mansfield Independent School District, Unlimited Tax Series 2013B, GO, PSF-GTD, 5.00%, 2/15/2023		125,000		129,788

McKinney Independent School District, School Building, Unlimited Tax

GO, PSF-GTD, 5.00%, 2/15/2023		100,000		103,948

Series 2016A, GO, PSF-GTD, 5.00%, 2/15/2023		40,000		41,579

McLennan County Junior College District, Limited Tax GO, 5.00%, 8/15/2022		400,000		407,849

Meadowhill Regional Municipal Utility District, Waterworks Sewer System GO, AGM, 4.00%, 10/1/2022		65,000		66,178

Mesquite Independent School District, Unlimited Tax

GO, PSF-GTD, 5.00%, 8/15/2022 (b)		55,000		56,062

Series 2014B, GO, PSF-GTD, 5.00%, 8/15/2022		25,000		25,495

Series 2016C, GO, PSF-GTD, 5.00%, 8/15/2023		25,000		26,436

Metropolitan Transit Authority of Harris County, Sales and Use Tax

Series 2016A, Rev., 5.00%, 11/1/2022		90,000		92,546

Series 2017A, Rev., 5.00%, 11/1/2022		130,000		133,677

Series 2017A, Rev., 5.00%, 11/1/2023		190,000		202,255

Metropolitan Transit Authority of Harris County, Sales and Use Tax, Contractual Obligations

Rev., 5.00%, 11/1/2022		285,000		293,062

Series 2015B, Rev., 5.00%, 11/1/2022		255,000		262,213

Series 2016D, Rev., 5.00%, 11/1/2022		25,000		25,707

Series 2017B, Rev., 5.00%, 11/1/2022		90,000		92,546

Rev., 5.00%, 11/1/2023		30,000		31,935

Series 2015B, Rev., 5.00%, 11/1/2023		25,000		26,613

Midland County Fresh Water Supply District No. 1, Midland Project

Rev., 5.00%, 9/15/2022 (b)		275,000		281,372

Series 2012A, Rev., 5.00%, 9/15/2022 (b)		20,000		20,463


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

Midlothian Independent School District, Unlimited Tax Series 2013A, GO, PSF-GTD, 5.00%, 2/15/2023 (b)		20,000		20,777

Midway Independent School District, McLennan County, Unlimited Tax

GO, PSF-GTD, 5.00%, 8/1/2022		115,000		117,092

GO, PSF-GTD, 5.00%, 8/15/2022 (b)		25,000		25,494

Montgomery County Health Facilities Development Co., Heritage Manor-Woodlands Project

Rev., AGM-CR, Zero Coupon, 7/15/2023 (b)		235,000		231,240

Rev., Zero Coupon, 7/15/2023 (b)		90,000		88,621

Montgomery County Municipal Utility District No. 46, Unlimited Tax GO, 3.00%, 3/1/2022		25,000		25,000

Mount Pleasant Independent School District, Unlimited Tax GO, PSF-GTD, 3.00%, 2/15/2023		55,000		56,040

Mueller Local Government Corp., Tax Increment Rev., 5.00%, 9/1/2022		125,000		127,541

Mustang Special Utility District Rev., 3.00%, 9/1/2022		25,000		25,281

New Hope Cultural Education Facilities Finance Corp., Children’s Health System Series 2017A, Rev., 5.00%, 8/15/2022		55,000		56,077

New Hope Cultural Education Facilities Finance Corp., Collegiate Housing Corpus Christi Project Rev., 5.00%, 4/1/2024 (b)		295,000		317,518

New Hope Cultural Education Facilities Finance Corp., Jubilee Academic Center

Rev., 4.00%, 8/15/2022 (e)		165,000		166,328

Rev., 4.00%, 8/15/2024 (e)		735,000		760,354

North Central Texas Health Facility Development Corp., Children’s Medical Center of Dallas Project

Rev., 4.13%, 8/15/2022 (b)		100,000		101,558

Rev., 5.00%, 8/15/2022 (b)		180,000		183,516

North East Independent School District GO, PSF-GTD, 5.25%, 2/1/2023		20,000		20,806

North East Independent School District, Unlimited Tax

GO, PSF-GTD, 2.50%, 8/1/2022 (b)		30,000		30,228

GO, PSF-GTD, 4.00%, 8/1/2022 (b)		175,000		177,439

GO, PSF-GTD, 5.00%, 8/1/2022		165,000		168,001


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

North Harris County Regional Water Authority, Senior Lien Rev., 5.00%, 12/15/2022		35,000		36,124

North Texas Education Finance Corp., Uplift Education Series 2012A, Rev., 5.25%, 6/1/2022 (b)		150,000		151,704

North Texas Municipal Water District Water System

Rev., 5.00%, 3/1/2022		45,000		45,000

Rev., 5.25%, 3/1/2022		150,000		150,000

Rev., 5.00%, 9/1/2022		100,000		102,134

Series 2019A, Rev., 3.00%, 9/1/2024		40,000		41,724

Rev., 5.00%, 9/1/2024		30,000		32,764

North Texas Municipal Water District, Muddy Creek Regional Wastewater System Rev., 5.00%, 6/1/2022		110,000		111,204

North Texas Municipal Water District, Regional Solid Waste Disposal System Rev., 5.00%, 9/1/2022		25,000		25,539

North Texas Municipal Water District, Upper East Fork Wastewater Interceptor System

Rev., 5.00%, 6/1/2022		360,000		363,978

Rev., 5.00%, 6/1/2023		25,000		26,243

North Texas Municipal Water District, Wastewater System Rev., 5.00%, 6/1/2022		30,000		30,331

North Texas Tollway Authority, First Tier

Series A, Rev., 4.00%, 1/1/2023		100,000		102,567

Series 2015B, Rev., 5.00%, 1/1/2023		10,000		10,339

Series 2017A, Rev., 5.00%, 1/1/2023		600,000		620,356

Series 2016A, Rev., 5.00%, 1/1/2024		20,000		21,373

Series 2017A, Rev., 5.00%, 1/1/2024		585,000		603,924

Series 2019A, Rev., 5.00%, 1/1/2024		20,000		21,373

Series 2016A, Rev., 5.00%, 1/1/2025		135,000		143,914

Series 2017A, Rev., 5.00%, 1/1/2025		915,000		944,645

Series A, Rev., 5.00%, 1/1/2025		275,000		293,159

Series 2016A, Rev., 5.00%, 1/1/2026		275,000		292,746

Series A, Rev., 5.00%, 1/1/2026		305,000		314,856

Series 2016A, Rev., 5.00%, 1/1/2027		370,000		393,598


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

North Texas Tollway Authority, Second Tier

Series B, Rev., 5.00%, 1/1/2023		325,000		335,805

Series B, Rev., 5.00%, 1/1/2024		495,000		515,190

Series B, Rev., 5.00%, 1/1/2025		1,040,000		1,073,695

Series 2017B, Rev., 5.00%, 1/1/2026		200,000		206,378

Northside Independent School District, Unlimited Tax

GO, PSF-GTD, 5.00%, 6/15/2022		50,000		50,646

Series 2016A, GO, PSF-GTD, 4.00%, 8/15/2022		25,000		25,389

GO, PSF-GTD, 5.00%, 8/15/2022		115,000		117,310

Series 2019B, GO, PSF-GTD, 5.00%, 2/15/2023		25,000		26,002

Northwest Harris County Municipal Utility District No. 19, Unlimited Tax GO, AGM, 3.00%, 10/1/2022		25,000		25,303

Northwest Independent School District, Unlimited Tax Series 2013A, GO, PSF-GTD, 3.00%, 2/15/2023 (b)		90,000		91,810

Nueces River Authority, City of Christi Lake Texana Project Rev., 5.00%, 7/15/2022		80,000		81,293

Old Spanish Trail-Alemda Corridors Redevelopment Authority Rev., 5.00%, 9/1/2022		35,000		35,724

Permanent University Fund — Texas A&M University System

Series 2009B, Rev., 4.00%, 7/1/2022		50,000		50,568

Rev., 5.00%, 7/1/2022		25,000		25,367

Series 2009A, Rev., 5.00%, 7/1/2022		70,000		71,026

Series 2012A, Rev., 5.00%, 7/1/2023		65,000		65,861

Permanent University Fund — University of Texas System

Series 2015A, Rev., 5.00%, 7/1/2022		25,000		25,367

Series 2015B, Rev., 5.00%, 7/1/2022		30,000		30,440

Series 2016A, Rev., 5.00%, 7/1/2022		55,000		55,806

Series 2016B, Rev., 5.00%, 7/1/2022		25,000		25,367

Series 2006B, Rev., 5.25%, 7/1/2022		225,000		228,484


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

Series 2015B, Rev., 5.00%, 7/1/2023		25,000		26,338

Series 2006B, Rev., 5.25%, 7/1/2023		30,000		31,705

Pflugerville Independent School District, School Building, Unlimited Tax

GO, PSF-GTD, 5.00%, 2/15/2023		20,000		20,786

Series 2019A, GO, PSF-GTD, 5.00%, 2/15/2023		25,000		25,982

Pflugerville Independent School District, Unlimited Tax

GO, PSF-GTD, 5.00%, 2/15/2023		25,000		25,982

Series 2020A, GO, PSF-GTD, 5.00%, 2/15/2023		90,000		93,535

Pharr San Juan Alamo Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 2/1/2023		35,000		36,298

Plano Independent School District, Unlimited Tax, School Building

GO, PSF-GTD, 5.00%, 2/15/2023		70,000		72,750

Series 2016A, GO, PSF-GTD, 5.00%, 2/15/2023		40,000		41,571

Port Aransas Public Facilities Corp., Multifamily Housing, Palladium Port Aransas Apartments Rev., 0.70%, 1/1/2023 (c)		500,000		498,228

Port Arthur Independent School District, Unlimited Tax GO, AGM, 5.00%, 2/15/2023		245,000		254,051

Port Authority of Houston of Harris County Texas Series A, GO, 5.00%, 10/1/2022		185,000		189,630

Prosper Independent School District, Unlimited Tax, School Building GO, PSF-GTD, 5.00%, 2/15/2023		35,000		36,351

Red River Education Finance Corp., Christian University Project

Rev., 5.00%, 3/15/2023 (b)		40,000		41,698

Series 2016A, Rev., 5.00%, 3/15/2023		35,000		36,377

Rev., 5.00%, 3/15/2025		20,000		22,080

Red River Education Finance Corp., Higher Education Christian University Rev., 5.00%, 3/15/2022		20,000		20,033

Richardson Independent School District, Unlimited Tax

Series 2015C, GO, PSF-GTD, 5.00%, 2/15/2023		70,000		72,764

Series 2015B, GO, 5.00%, 2/15/2025		30,000		33,170


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

Rockwall Independent School District, Unlimited Tax

GO, PSF-GTD, 4.00%, 2/15/2023 (b)		100,000		102,987

GO, PSF-GTD, 5.00%, 2/15/2023		100,000		103,889

GO, PSF-GTD, Zero Coupon, 2/15/2025		50,000		48,013

Rolling Creek Utility District GO, AGM, 4.00%, 9/1/2023		50,000		52,148

Round Rock Independent School District, Unlimited Tax

GO, PSF-GTD, 5.00%, 8/1/2022		40,000		40,721

Series 2019A, GO, PSF-GTD, 5.00%, 8/1/2022		25,000		25,450

Royal Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 2/15/2023		40,000		41,532

San Antonio Education Facilities Corp., Trinity University Project Rev., 5.00%, 6/1/2023 (b)		50,000		52,506

San Antonio Independent School District, Unlimited Tax Series 2014B, GO, PSF-GTD, 5.00%, 8/1/2022		25,000		25,459

San Antonio Municipal Facilities Corp., Public Safety Answering Point Project Rev., 4.00%, 8/15/2023		25,000		25,060

San Antonio Public Facilities Corp., Convention Center Refinancing and Expansion Project

Rev., 5.00%, 9/15/2022		20,000		20,438

Rev., 5.00%, 9/15/2024		35,000		35,744

Rev., 5.00%, 9/15/2026		220,000		224,630

San Antonio Water System, Junior Lien

Series 2013E, Rev., 5.00%, 5/15/2022		160,000		161,460

Series 2014A, Rev., 5.00%, 5/15/2022		55,000		55,502

Series 2015B, Rev., 5.00%, 5/15/2022		45,000		45,411

Series 2016A, Rev., 5.00%, 5/15/2022		165,000		166,505

Series 2017A, Rev., 5.00%, 5/15/2022		25,000		25,228

Series 2018A, Rev., 5.00%, 5/15/2022		100,000		100,912

Series 2020A, Rev., 5.00%, 5/15/2022		30,000		30,274

Series 2015B, Rev., 5.00%, 5/15/2023		10,000		10,489


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

Series 2016A, Rev., 5.00%, 5/15/2023		155,000		162,574

Series 2019C, Rev., 5.00%, 5/15/2023		25,000		26,222

Series 2020A, Rev., 5.00%, 5/15/2023		20,000		20,977

Series 2013E, Rev., 5.00%, 5/15/2024		20,000		20,955

Series 2016A, Rev., 5.00%, 5/15/2024		25,000		27,034

Series 2014A, Rev., 5.00%, 5/15/2025		45,000		47,921

San Jacinto Community College District, Limited Tax

GO, 5.00%, 2/15/2023		55,000		57,118

Series 2019A, GO, 5.00%, 2/15/2023		25,000		25,962

Series 2019B, GO, 5.00%, 2/15/2023		25,000		25,962

GO, 5.00%, 2/15/2025		30,000		33,152

San Jacinto River Authority Series 2019A, Rev., 4.00%, 10/1/2022		30,000		30,570

San Marcos Consolidated Independent School District, Unlimited Tax

GO, PSF-GTD, 4.00%, 8/1/2022		50,000		50,701

GO, PSF-GTD, 5.00%, 8/1/2023 (b)		25,000		26,384

San Patricio Municipal Water District Rev., AGM, 4.00%, 7/10/2022		300,000		303,610

Santa Fe Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 2/15/2023		35,000		36,334

Santa Maria Independent School District GO, PSF-GTD, 4.00%, 2/15/2023		65,000		66,825

Seguin Independent School District, Unlimited Tax

Series 2016A, GO, PSF-GTD, 5.00%, 8/1/2022		50,000		50,910

GO, PSF-GTD, 5.00%, 8/15/2022		50,000		50,990

Sienna Parks & Levee Improvement District of Fort Bend County

GO, 2.00%, 9/1/2022		35,000		35,213

GO, 4.00%, 9/1/2022		50,000		50,799

Sienna Plantation Municipal Utility District No. 2, Unlimited Tax GO, 3.00%, 10/1/2022		25,000		25,319

Socorro Independent School District, Unlimited Tax GO, PSF-GTD, 4.00%, 8/15/2022 (b)		25,000		25,381


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

Somerset Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 8/15/2022		75,000		76,486

South Texas College, Limited Tax

GO, 5.00%, 8/15/2022		90,000		91,766

GO, 5.00%, 8/15/2023 (b)		150,000		158,530

GO, 5.00%, 8/15/2023		20,000		21,104

Southlake Community Enhancement and Development Corp. Rev., 5.00%, 2/15/2023		100,000		103,461

Southlake Park Development Corp., Sales Tax Rev., 3.00%, 2/15/2023		100,000		101,862

Southwest Higher Education Authority, Inc., Southern Methodist University Project

Rev., 5.00%, 10/1/2022		130,000		133,184

Series 2016A, Rev., 5.00%, 10/1/2024		20,000		21,824

Southwest Independent School District, Unlimited Tax, School Building

GO, PSF-GTD, 3.00%, 2/1/2023		30,000		30,582

GO, PSF-GTD, 5.00%, 2/1/2023		55,000		57,065

Spring Branch Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 2/1/2023		60,000		62,270

Spring Independent School District, School Building, Unlimited Tax

GO, PSF-GTD, 5.00%, 8/15/2022		20,000		20,393

GO, PSF-GTD, 5.00%, 8/15/2023		90,000		95,129

Spring Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 8/15/2024		50,000		54,518

State of Texas, College Student Loan GO, AMT, 5.00%, 8/1/2022		60,000		61,074

State of Texas, Public Finance Authority

GO, 5.00%, 10/1/2022		20,000		20,497

Series 2017A, GO, 5.00%, 10/1/2022		250,000		256,213

Series 2018A, GO, 5.00%, 10/1/2023		35,000		37,188

State of Texas, Transport Commission

Series 2012A, GO, 5.00%, 4/1/2022 (b)		20,000		20,073

GO, 5.00%, 10/1/2022		45,000		46,118

GO, 5.00%, 4/1/2024 (b)		35,000		37,747

State of Texas, Transportation Commission Highway Improvement

GO, 5.00%, 4/1/2022 (b)		110,000		110,401


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

GO, 5.00%, 4/1/2022		55,000		55,198

Series 2012A, GO, 5.00%, 4/1/2022 (b)		450,000		451,642

Series 2012A, GO, 5.00%, 4/1/2022		40,000		40,144

Series 2016A, GO, 5.00%, 4/1/2023		80,000		83,528

State of Texas, Transportation Commission Mobility Fund

Series A, GO, 5.00%, 10/1/2022		135,000		138,355

GO, 5.00%, 10/1/2023		60,000		63,751

Series A, GO, 5.00%, 10/1/2023		75,000		79,688

GO, 5.00%, 10/1/2024		20,000		21,552

State of Texas, Veterans

Series 2013A, GO, VRDO, LIQ: State Street Bank & Trust, 0.20%, 3/9/2022(c)		10,995,000		10,995,000

Series 2015 A, GO, VRDO, LIQ: State Street Bank & Trust, 0.20%, 3/9/2022(c)		17,850,000		17,850,000

State of Texas, Water Financial Assistance

Series 2011B, GO, 5.00%, 3/3/2022		10,000		10,001

Series 2015D, GO, 5.00%, 5/15/2022		60,000		60,535

Series 2013A, GO, 4.00%, 8/1/2022		20,000		20,273

Series 2008B, SubSeries 2018B-3, GO, 5.00%, 8/1/2022		50,000		50,888

Series 2012F, GO, 5.00%, 8/1/2022		30,000		30,533

Series 2021B, GO, 5.00%, 2/1/2023		25,000		25,946

Series 2012G, GO, 5.00%, 8/1/2023		50,000		50,826

GO, 5.00%, 8/1/2024		25,000		25,453

Stephen F Austin State University Rev., 5.00%, 10/15/2022		150,000		153,817

Stephen F Austin State University, Financing System Series 2019A, Rev., 5.00%, 10/15/2022		25,000		25,636

Tarrant County Cultural Education Facilities Finance Corp., Baylor Healthcare System Project Series 2013A, Rev., 4.00%, 5/15/2023 (b)		510,000		528,409

Tarrant County Cultural Education Facilities Finance Corp., Cook Children’s Medical Center Rev., 5.00%, 12/1/2023		100,000		106,690

Tarrant County Cultural Education Facilities Finance Corp., Hendrick Medical Center Rev., 5.00%, 9/1/2022		145,000		147,992


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

Tarrant County Cultural Education Facilities Finance Corp., Hospital, Cook Children’s Medical Center Rev., 5.00%, 12/1/2022		20,000		20,627

Tarrant County Cultural Education Facilities Finance Corp., Methodist Hospitals of Dallas Project

Rev., 5.00%, 10/1/2022 (b)		360,000		368,946

Rev., 5.00%, 10/1/2023 (b)		455,000		482,405

Rev., 5.00%, 10/1/2023 (b)		465,000		493,007

Tarrant County Cultural Education Facilities Finance Corp., Scott & White Healthcare Series 2013A, Rev., 5.00%, 8/15/2022 (b)		25,000		25,488

Tarrant County Cultural Education Facilities Finance Corp., Texas Health Resources System Rev., 5.00%, 2/15/2024		365,000		391,387

Tarrant County Hospital District, Senior Lien Rev., 5.00%, 8/15/2023		100,000		101,744

Tarrant Regional Water District, City of Dallas Project, Water Control and Improvement District

Series 2021A, Rev., 4.00%, 9/1/2022		130,000		132,169

Rev., 5.00%, 9/1/2022		40,000		40,866

Tarrant Regional, Water Control and Improvement District, Water System

Rev., 5.00%, 3/1/2022 (b)		485,000		485,000

Rev., 5.00%, 3/1/2022		40,000		40,000

Series 2016A, Rev., 5.00%, 3/1/2022		95,000		95,000

Rev., 4.00%, 9/1/2022 (b)		160,000		162,646

Rev., 5.00%, 3/1/2023		100,000		104,117

Texas A&M University, Financing System

Series 2013A, Rev., 5.00%, 5/15/2022		220,000		222,007

Series 2013B, Rev., 5.00%, 5/15/2022		75,000		75,684

Series 2015A, Rev., 5.00%, 5/15/2022		190,000		191,733

Series 2016C, Rev., 5.00%, 5/15/2022		20,000		20,183

Series 2017C, Rev., 5.00%, 5/15/2022		20,000		20,183

Series 2017E, Rev., 5.00%, 5/15/2022		20,000		20,182

Series 2021A, Rev., 5.00%, 5/15/2022		25,000		25,228


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

Series B, Rev., 5.00%, 5/15/2022		65,000		65,593

Series B, Rev., 4.00%, 5/15/2023 (b)		100,000		103,671

Series 2013B, Rev., 5.00%, 5/15/2023		25,000		26,212

Texas Department of Housing and Community Affairs Series 2020A, Rev., GNMA, 0.60%, 9/1/2022		80,000		79,908

Texas Department of Housing and Community Affairs, Fishpond at Corpus Christi Apartments

Rev., 0.50%, 6/1/2023 (c)		750,000		742,902

Texas Department of Housing and Community Affairs, Multi-Family Housing, Scott Street Lofts Rev., 0.70%, 8/1/2023 (c)		540,000		535,801

Texas Municipal Gas Acquisition and Supply Corp., I Gas Supply Senior Lien Series D, Rev., 6.25%, 12/15/2026		85,000		95,628

Texas Public Finance Authority Rev., 5.00%, 2/1/2023		85,000		88,208

Texas Public Finance Authority, Midwestern State University

Rev., 5.00%, 12/1/2023		50,000		53,219

Series 2016A, Rev., 5.00%, 12/1/2023		50,000		53,219

Series 2016A, Rev., 5.00%, 12/1/2025		135,000		152,243

Texas Southmost College District

Series 2014B, GO, 5.00%, 2/15/2023		20,000		20,760

Series A, GO, 5.00%, 2/15/2023		25,000		25,951

Texas State Technical College, Financing System Improvement Rev., AGM, 5.00%, 10/15/2022		115,000		117,926

Texas State University System

Rev., 4.10%, 3/15/2022 (b)		30,000		30,039

Rev., 5.00%, 3/15/2022		65,000		65,107

Series 2015A, Rev., 5.00%, 3/15/2022		235,000		235,386

Series 2017A, Rev., 5.00%, 3/15/2022		275,000		275,452

Rev., 5.00%, 3/15/2023		210,000		218,933

Rev., 5.00%, 3/15/2023 (b)		100,000		104,192

Series 2015A, Rev., 5.00%, 3/15/2023		75,000		78,190

Series 2017A, Rev., 5.00%, 3/15/2023		215,000		224,146


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

Series 2021A, Rev., 5.00%, 3/15/2023		25,000		26,064

Series 2017A, Rev., 5.00%, 3/15/2025		60,000		66,504

Texas State University, Financing System

Rev., 3.00%, 3/15/2023 (b)		35,000		35,736

Series 2019A, Rev., 5.00%, 3/15/2025		40,000		44,336

Texas Transportation Commission State Highway Fund, First Tier

Series 2014A, Rev., 5.00%, 4/1/2022		445,000		446,646

Rev., 5.00%, 10/1/2022		330,000		338,318

Series 2014-A, Rev., 5.00%, 4/1/2023		50,000		52,233

Rev., 5.00%, 10/1/2023		110,000		116,912

Series 2016B, Rev., 0.56%, 4/1/2026		10,135,000		9,592,089

Texas Water Development Board, State Revolving Fund Rev., 5.00%, 8/1/2022		120,000		122,183

Texas Water Development Board, Water Implementation Fund

Series 2018B, Rev., 3.00%, 4/15/2022		25,000		25,076

Series 2017A, Rev., 5.00%, 4/15/2022		100,000		100,542

Series 2018B, Rev., 5.00%, 4/15/2022		65,000		65,352

Series 2018B, Rev., 4.00%, 10/15/2022		85,000		86,735

Series 2018B, Rev., 5.00%, 10/15/2022		120,000		123,190

Series 2019A, Rev., 5.00%, 10/15/2022		45,000		46,196

Series 2017A, Rev., 5.00%, 4/15/2023		50,000		52,289

Series 2019A, Rev., 5.00%, 4/15/2023		75,000		78,433

Series 2018A, Rev., 5.00%, 10/15/2023		50,000		53,184

Series 2018A, Rev., 5.00%, 10/15/2024		50,000		54,797

Texas Woman’s University, Financing System

Rev., 4.00%, 7/1/2022		25,000		25,067

Series 2021A, Rev., 4.00%, 7/1/2022		25,000		25,275

Rev., 4.00%, 7/1/2023		20,000		20,758


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

Tomball Independent School District, Unlimited Tax School Building

GO, PSF-GTD, 5.00%, 2/15/2023		90,000		93,536

GO, PSF-GTD, 5.00%, 2/15/2025		35,000		38,709

Town of Addison GO, 4.00%, 2/15/2023		20,000		20,587

Town of Addison, Combination Tax GO, 4.00%, 2/15/2023		50,000		51,466

Town of Little Elm GO, 4.00%, 8/1/2022		25,000		25,347

Town of Little Elm, Combination Tax and Limited Pledge GO, 5.00%, 8/1/2022		25,000		25,451

Town of Prosper GO, 5.00%, 8/15/2022		220,000		224,317

Travis County Housing Finance Corp., Multi-Family Housing, Cascades at Onion Creek Apartments Rev., 0.35%, 2/1/2023 (c)		165,000		163,780

Travis County Water Control & Improvement District No. 17, Water and Sewer System Rev., 4.00%, 11/1/2023		150,000		157,056

Trinity River Authority Ten Mile Creek System Rev., 5.00%, 8/1/2022		150,000		152,678

Trinity River Authority, Central Regional Wastewater System

Rev., 3.00%, 8/1/2022		20,000		20,199

Rev., 5.00%, 8/1/2022		465,000		473,458

Rev., 5.00%, 8/1/2023		30,000		31,678

Trinity River Authority, Denton Creek Wastewater Treatment System

Rev., 5.00%, 2/1/2023		100,000		103,774

Rev., 5.00%, 2/1/2024		40,000		42,859

Rev., 5.00%, 2/1/2025		100,000		110,232

Trinity River Authority, Mountain Creek Regional Wastewater System Rev., 5.00%, 8/1/2022		125,000		127,274

Trinity River Authority, Red Oak Creek System

Rev., 5.00%, 2/1/2023		125,000		129,600

Rev., 5.00%, 2/1/2026		150,000		169,735

Trinity River Authority, Ten Mile Creek System Rev., 5.00%, 8/1/2023		140,000		147,648

Trinity River Authority, Water Project

Rev., 5.00%, 2/1/2024		25,000		26,787

Rev., 5.00%, 2/1/2025		75,000		82,674


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Texas — continued

Troy Independent School District, Unlimited Tax GO, PSF-GTD, 3.00%, 8/1/2023		30,000		30,791

Tyler Independent School District, School Building, Unlimited Tax GO, PSF-GTD, 5.00%, 2/15/2023		50,000		51,954

Tyler Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 2/15/2023 (b)		25,000		25,983

Tyler Junior College District, Combined Fee Rev., AGM, 5.00%, 8/15/2022		250,000		254,963

University of Houston

Series 2020A, Rev., 5.00%, 2/15/2023		50,000		51,974

Series 2017A, Rev., 5.00%, 2/15/2025		45,000		49,797

University of North Texas System

Series 2012A, Rev., 4.50%, 4/15/2022 (b)		50,000		50,241

Rev., 5.00%, 4/15/2022		30,000		30,162

Series 2012A, Rev., 5.00%, 4/15/2022 (b)		35,000		35,189

Series 2015A, Rev., 5.00%, 4/15/2022		55,000		55,296

Series 2017A, Rev., 5.00%, 4/15/2022		185,000		185,996

Series 2017A, Rev., 5.00%, 4/15/2023		85,000		88,774

Series 2018A, Rev., 5.00%, 4/15/2023		130,000		135,771

University of North Texas System, Financing System Series 2017A, Rev., 5.00%, 4/15/2025		25,000		27,753

University of North Texas, Financing System Series 2020A, Rev., 5.00%, 4/15/2025		100,000		111,014

Upper Trinity Regional Water District, Regional Treated Water Supply System

Rev., 4.00%, 8/1/2022		210,000		212,892

Rev., 5.00%, 8/1/2022		435,000		442,784

Valwood Improvement Authority, Unlimited Tax GO, 4.00%, 9/1/2022		180,000		182,922

Van Vleck Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 2/15/2023		60,000		62,293

Via Metropolitan Transit Advanced Transportation District, Sales Tax Rev., 5.00%, 7/15/2022		55,000		55,899


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Texas — continued

Via Metropolitan Transit, Sales Tax Rev., 5.00%, 7/15/2024		110,000		119,144

Waco Educational Finance Corp., Baylor University Issue Rev., 5.00%, 3/1/2022 (b)		510,000		510,000

Waco Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 8/15/2022		25,000		25,494

Weatherford Independent School District, Unlimited Tax GO, PSF-GTD, Zero Coupon, 2/15/2025		50,000		48,013

Weslaco Independent School District, Unlimited Tax Series 2015A, GO, PSF-GTD, 5.00%, 2/15/2023		15,000		15,580

West Harris County Municipal Utility District No. 2, Unlimited Tax GO, 3.00%, 8/1/2022		155,000		156,430

West Harris County Regional Water Authority Series 2016A, Rev., 5.00%, 12/15/2022		20,000		20,661

West Travis County Municipal Utility District No. 6, Unlimited Tax GO, 4.00%, 8/1/2022		50,000		50,663

West Travis County Public Utility Agency Rev., 5.00%, 8/15/2022		225,000		229,311

Wink-Loving Independent School District, Unlimited Tax School Building GO, PSF-GTD, 5.00%, 2/15/2023 (b)		35,000		36,377

Wylie Independent School District, Unlimited Tax

Series 2012B, GO, PSF-GTD, 4.00%, 8/15/2022		50,000		50,765

Series 2015C, GO, PSF-GTD, 6.75%, 8/15/2022		25,000		25,692

Ysleta Independent School District, Unlimited Tax GO, PSF-GTD, 5.00%, 8/15/2022		30,000		30,594


Total Texas				221,161,147


Utah — 1.3%

Alpine School District, School Building, Guaranty Program

GO, 5.00%, 3/15/2022		110,000		110,181

Series 2017B, GO, 5.00%, 3/15/2023		25,000		26,069

Central Utah Water Conservancy District

Series 2012B, Rev., 5.00%, 10/1/2022		65,000		66,627

Series 2012C, Rev., 5.00%, 10/1/2022 (b)		35,000		35,859


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Utah — continued

Series 2016A, Rev., 5.00%, 10/1/2022		60,000		61,502

Series 2017B, Rev., 5.00%, 10/1/2022		125,000		128,129

Central Utah Water Conservancy District, Limited Tax Series 2011C, GO, 5.00%, 4/1/2022		165,000		165,606

Central Weber Sewer Improvement District Series 2021A, Rev., 4.00%, 3/1/2023		95,000		97,951

City of Draper, Sales Tax Series 2012A, Rev., 4.00%, 5/1/2022 (b)		25,000		25,143

City of Lehi Rev., 4.00%, 6/1/2022		50,000		50,422

City of Park City GO, 5.00%, 5/1/2022		25,000		25,185

City of Provo, Wastewater Series 2015A, Rev., 5.00%, 2/1/2023		25,000		25,939

City of Riverton Rev., 3.00%, 9/1/2022		35,000		35,065

City of Salt Lake City, Sales and Excise Tax

Series 2022A, Rev., 4.00%, 10/1/2022		20,000		20,386

Series 2016A, Rev., 4.00%, 10/1/2023		30,000		31,387

City of Sandy City, Sales Tax Rev., 5.00%, 3/1/2024		25,000		26,889

City of South Jordan, Daybreak Assessment Area No. 1 3.00%, 11/1/2022		40,000		40,605

City of St. George Rev., AGM, 5.00%, 6/1/2024		150,000		162,051

City of St. George, Excise Tax GO, 4.00%, 8/1/2023		75,000		75,182

City of St. George, Franchise Tax

Rev., 5.00%, 12/1/2022		115,000		118,648

Rev., 5.00%, 12/1/2023		40,000		42,575

County of Salt Lake, Crossover GO, 4.00%, 12/15/2022		75,000		76,906

County of Summit, Sales Tax Rev., 5.00%, 12/15/2022		50,000		51,661

County of Utah, IHC Health Services, Inc.

Series 2016D, Rev., VRDO, LIQ: U.S. Bank NA, 0.21%, 3/9/2022 (c)		30,000,000		30,000,000

Series 2016B, Rev., 5.00%, 5/15/2022		220,000		221,993

Series 2018B-1, Rev., 5.00%, 8/1/2022 (c)		250,000		251,758

Series 2018B-2, Rev., 5.00%, 8/1/2024 (c)		705,000		755,260


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Utah — continued

Series 2020B-1, Rev., 5.00%, 8/1/2024 (c)		365,000		397,684

Series 2020B-2, Rev., 5.00%, 8/1/2026 (c)		595,000		683,526

County of Utah, Transportation Sales Tax Rev., 4.00%, 12/1/2022		25,000		25,601

Davis School District, School District Bond Guaranty Program

Series 2013A, GO, 3.00%, 6/1/2022		50,000		50,308

GO, 5.00%, 6/1/2022		150,000		151,665

Series 2019B, GO, 5.00%, 6/1/2022		40,000		40,444

Series 2019B, GO, 5.00%, 6/1/2023		25,000		26,263

Intermountain Power Agency, Subordinated Power Supply Series 2018A, Rev., 5.00%, 7/1/2022 (b)		560,000		568,059

Jordan School District Board of Education, School Building Bond GO, 5.00%, 6/15/2023		30,000		31,557

Jordan School District Board of Education, UTAH School Building Guaranty Program GO, 5.00%, 6/15/2022		40,000		40,510

Jordan Valley Water Conservancy District Series B, Rev., 5.00%, 10/1/2022		145,000		148,629

Magna Water District GO, 5.00%, 6/1/2023		50,000		52,506

Metropolitan Water District of Salt Lake and Sandy

Series 2012A, Rev., 4.00%, 7/1/2022		150,000		151,710

Series 2012A, Rev., 5.00%, 7/1/2022 (b)		30,000		30,437

Midvale Redevelopment Agency, Sales Tax Rev., 4.00%, 5/1/2023		20,000		20,706

Midvale Redevelopment Agency, Tax Increment and Sales Tax Rev., 4.00%, 5/1/2022		25,000		25,145

Mountain Regional Water Special Service District Series 2014A, Rev., AGM, 3.00%, 12/15/2022		75,000		76,271

Murray City Municipal Building Authority Rev., 4.00%, 12/1/2022		40,000		40,947

Nebo School District

Series 2017B, GO, 5.00%, 7/1/2022		30,000		30,440

Series 2017C, GO, 4.00%, 7/1/2023		20,000		20,807

Ogden City School District Municipal Building Authority Rev., 5.00%, 1/15/2023		120,000		124,200


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Utah — continued

Provo School District GO, 5.00%, 6/15/2022		45,000		45,570

Salt Lake City Local Building Authority Series 2017A, Rev., 4.00%, 4/15/2022		100,000		100,423

Salt Lake City School District GO, 5.00%, 3/1/2022		35,000		35,000

South Valley Water Reclamation Facility, Sewer Rev., AGM, 5.00%, 2/15/2023		75,000		77,851

Southern Utah University, Auxiliary System and Student Building Rev., 4.00%, 5/1/2022		50,000		50,279

State of Utah

GO, 4.00%, 7/1/2022 (b)		80,000		80,901

GO, 5.00%, 7/1/2022		430,000		436,319

Series 2020B, GO, 5.00%, 7/1/2022		25,000		25,367

GO, 5.00%, 7/1/2024		75,000		81,593

University of Utah (The)

Series 2013A, Rev., 5.00%, 8/1/2022		35,000		35,635

Series 2014B, Rev., 5.00%, 8/1/2022 (b)		70,000		71,264

Series 2015B, Rev., 5.00%, 8/1/2022 (b)		305,000		310,509

Series 2016A, Rev., 5.00%, 8/1/2022 (b)		25,000		25,452

Series 2016B-1, Rev., 5.00%, 8/1/2022		85,000		86,543

Series 2017A, Rev., 5.00%, 8/1/2022		80,000		81,452

Series 2017B-2, Rev., 5.00%, 8/1/2022		55,000		55,998

Series 2018A, Rev., 5.00%, 8/1/2022		80,000		81,452

Series A-2, Rev., 5.00%, 8/1/2022		25,000		25,454

Series 2013A, Rev., 5.00%, 8/1/2023		30,000		31,678

Series 2014B, Rev., 5.00%, 8/1/2023 (b)		30,000		31,660

Series 2015B, Rev., 5.00%, 8/1/2023		60,000		63,356

Series 2017A, Rev., 5.00%, 8/1/2023		20,000		21,119

Series A-1, Rev., 5.00%, 8/1/2023		20,000		21,119

Utah Charter School Finance Authority, Providence Hall Elementary School And High School Projects Series 2013A, Rev., 5.00%, 10/15/2023 (b)		75,000		79,565


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Utah — continued

Utah Charter School Finance Authority, Summit Academy Incorporated

Series A, Rev., 5.00%, 4/15/2022		230,000		231,140

Series A, Rev., 5.00%, 4/15/2023		80,000		83,295

Utah State Board of Regents Series B, Rev., AGM, 4.00%, 6/1/2024		50,000		52,937

Utah State Board of Regents, Auxiliary and Campus Facilities

Rev., 5.00%, 4/1/2022 (b)		25,000		25,091

Series 2012A, Rev., 5.00%, 4/1/2022 (b)		165,000		165,602

Utah State Board of Regents, Salt Lake Community College, Student Building Fee Rev., 5.00%, 3/1/2022		110,000		110,000

Utah State Building Ownership Authority, Facilities Master Lease Program

Rev., 5.00%, 5/15/2022		170,000		171,547

Rev., 5.00%, 5/15/2023		40,000		41,950

Utah State Building Ownership Authority, Master Lease Program Series 2012A, Rev., 3.00%, 5/15/2025		35,000		35,416

Utah State University Series 2015B, Rev., 5.00%, 12/1/2022		75,000		77,368

Utah State University, Student Building Fee

Rev., 4.00%, 4/1/2022		30,000		30,086

Series 2013B, Rev., 4.00%, 12/1/2022		25,000		25,603

Utah Transit Authority, Sales Tax

Rev., 5.00%, 6/15/2022 (b)		50,000		50,637

Series 2015A, Rev., 5.00%, 6/15/2022		20,000		20,252

Series 2008A, Rev., 5.25%, 6/15/2022		335,000		339,511

Series 2018-2, Rev., 5.00%, 12/15/2022		25,000		25,819

Series 2015A, Rev., 5.00%, 6/15/2023		20,000		21,038

Series 2008A, Rev., 5.25%, 6/15/2023		150,000		158,265

Utah Transit Authority, Subordinate Sales Tax Series 2015A, Rev., 5.00%, 6/15/2023		150,000		157,687

Utah Water Finance Agency, Loan Financing Program

Series 2017C, Rev., 4.00%, 3/1/2023		110,000		113,395


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Utah — continued

Series 2017A, Rev., 5.00%, 3/1/2023		50,000		52,038

Washington County School District Board of Education, School Building and Refunding, Utah School Bond Guaranty Program Series 2016B, GO, 5.00%, 3/1/2023		30,000		31,235

Washington County School District Board of Education, Utah School Bond Guaranty Program, St. George GO, 5.00%, 3/1/2022		25,000		25,000

Washington County School District Board of Education, Utah School District Bond Guaranty Program Series 2021A, GO, 5.00%, 3/1/2022		95,000		95,000

Washington County Water Conservancy District Rev., 5.00%, 10/1/2022		25,000		25,086

Washington County-St George Interlocal Agency Series 2012A, Rev., 2.13%, 12/1/2022		135,000		136,285

Weber Basin Water Conservancy District Series 2013B, Rev., 4.25%, 4/1/2023 (b)		20,000		20,719

Weber School District, School Building GO, 5.00%, 6/15/2022		160,000		161,961

White City Water Improvement District Rev., 3.00%, 2/1/2023		25,000		25,485


Total Utah				39,931,401


Vermont — 0.0% (g)

City of Burlington

Series 2018C, GO, 5.00%, 5/1/2022		25,000		25,182

Series 2018D, GO, 5.00%, 11/1/2022		50,000		51,390

State of Vermont Series 2015A, GO, 5.00%, 8/15/2022		25,000		25,495

State of Vermont, Transportation Infrastructure Series 2013A, Rev., 4.00%, 6/15/2022		45,000		45,446

University of Vermont and State Agricultural College

Rev., 5.00%, 10/1/2022		70,000		71,736

Series 2019B, Rev., 5.00%, 10/1/2022		80,000		81,983

Vermont Educational & Health Buildings Financing Agency Rev., 5.00%, 11/1/2024		25,000		25,608

Vermont Educational and Health Buildings Financing Agency, The University of Vermont Medical Center Project

Series 2016A, Rev., 5.00%, 12/1/2022		50,000		51,533


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Vermont — continued

Series 2016A, Rev., 5.00%, 12/1/2026		175,000		199,072

Vermont Municipal Bond Bank

Series 2015-1, Rev., 4.00%, 12/1/2022		35,000		35,845

Series 2021-4, Rev., 4.00%, 12/1/2022		160,000		163,861

Series 2, Rev., 5.00%, 12/1/2022		25,000		25,789

Series 2016-2, Rev., 5.00%, 12/1/2022		120,000		123,788

Series 3, Rev., 5.00%, 12/1/2022		155,000		159,893

Series 5, Rev., 5.00%, 12/1/2022		40,000		41,263

Series 3, Rev., 5.00%, 12/1/2023		25,000		26,695

Vermont Municipal Bond Bank, State Colleges System Bonds Series 2017A, Rev., 5.00%, 10/1/2022		55,000		56,373


Total Vermont				1,210,952


Virginia — 3.4%

Albemarle County Economic Development Authority Rev., 5.00%, 6/1/2022		60,000		60,660

Arlington County Industrial Development Authority

Series 2013A, Rev., 5.00%, 12/15/2022		190,000		196,298

Rev., 5.00%, 2/15/2023		35,000		36,382

Capital Region Airport Commission Series 2016A, Rev., 5.00%, 7/1/2022		40,000		40,559

Chesapeake Bay Bridge and Tunnel District General Resolution Rev., BAN, 5.00%, 11/1/2023		270,000		286,214

City of Alexandria

Series 2012B, GO, 4.00%, 6/15/2022 (b)		70,000		70,691

GO, 5.00%, 6/15/2022		125,000		126,602

Series 2017C, GO, 5.00%, 7/1/2022		30,000		30,442

City of Alexandria, Capital Improvement

Series 2012B, GO, 5.00%, 6/15/2022		60,000		60,769

Series 2016A, GO, 5.00%, 7/15/2023		25,000		26,380

City of Charlottesville Series 2012B, GO, 4.00%, 7/15/2022		50,000		50,630

City of Chesapeake

Series 2020B, GO, 5.00%, 8/1/2022		125,000		127,274

Series A, GO, 5.00%, 8/1/2022		235,000		239,275

Series A, Rev., 5.00%, 7/15/2023		185,000		187,627


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Virginia — continued

City of Chesapeake, Express Toll Road Series A, Rev., 5.00%, 7/15/2022		140,000		142,178

City of Fairfax GO, 5.00%, 7/15/2022		50,000		50,816

City of Hampton, Public Improvement

Series 2019A, GO, 5.00%, 3/1/2022		50,000		50,000

Series 2012A, GO, 5.00%, 4/1/2022 (b)		85,000		85,310

Series 2015B, GO, 5.00%, 9/1/2022		80,000		81,744

City of Harrisonburg Series 2021A, GO, 5.00%, 7/15/2022		750,000		762,179

City of Harrisonburg, Public Improvement Series 2014B, GO, 5.00%, 7/15/2022		25,000		25,406

City of Lynchburg, Public Improvement GO, 5.00%, 6/1/2022		25,000		25,277

City of Manassas, Public Improvement GO, 5.00%, 7/1/2022		50,000		50,728

City of Newport News

Series B, GO, 5.25%, 7/1/2022		25,000		25,389

Rev., 5.00%, 7/15/2022		30,000		30,491

Series 2017A, GO, 5.00%, 8/1/2022		25,000		25,457

City of Newport News, General Improvement

Series 2014A, GO, 4.00%, 7/15/2022		20,000		20,254

Series 2014A, GO, 5.00%, 7/15/2022		50,000		50,820

City of Norfolk

Rev., 5.00%, 5/1/2022 (b)		135,000		135,993

GO, 5.00%, 8/1/2022		30,000		30,544

Series A, GO, 4.00%, 10/1/2022		25,000		25,480

Series A, GO, 5.00%, 10/1/2022 (b)		25,000		25,621

Series A, GO, 5.00%, 10/1/2022		25,000		25,624

Series B, GO, 5.00%, 10/1/2022		50,000		51,248

Series A, GO, 5.00%, 10/1/2023		10,000		10,614

City of Norfolk, Capital Improvement Series 2013A, GO, 5.00%, 8/1/2022		25,000		25,454

City of Poquoson GO, 5.00%, 2/15/2023		35,000		36,378

City of Portsmouth GO, 5.00%, 7/15/2023		55,000		57,997

City of Portsmouth, Public Utility

Series A, GO, 2.25%, 7/15/2022		25,000		25,152

Series 2012A, GO, 5.00%, 7/15/2022 (b)		25,000		25,407

City of Portsmouth, Tax Exempt

Series 2015A, GO, 4.00%, 8/1/2022		25,000		25,349

Series 2016A, GO, 5.00%, 8/1/2022		50,000		50,903


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Virginia — continued

City of Richland, Waterworks Utility

Rev., 5.00%, 1/15/2023		105,000		108,815

Series 2013A, Rev., 5.00%, 1/15/2023 (b)		55,000		56,983

Series 2020A, Rev., 5.00%, 1/15/2023		25,000		25,908

City of Richmond, Public Improvement

Series 2012A, GO, 5.00%, 3/1/2022		85,000		85,000

Series 2013A, GO, 5.00%, 3/1/2022		50,000		50,000

Series 2014A, GO, 5.00%, 3/1/2022		50,000		50,000

Series 2017B, GO, 5.00%, 7/15/2022		95,000		96,550

Series B, GO, 5.00%, 7/15/2022		20,000		20,326

Series 2013A, GO, 5.00%, 3/1/2023 (b)		25,000		26,022

City of Roanoke GO, 4.00%, 4/1/2022		30,000		30,086

City of Roanoke, Public Improvement Series 2013A, GO, 4.00%, 7/15/2022		25,000		25,313

City of Suffolk, Tax-Exempt Series 2017A, GO, 5.00%, 2/1/2023		25,000		25,953

City of Virginia Beach

Series A, GO, 5.00%, 4/1/2022		50,000		50,184

Series A, GO, 5.00%, 4/1/2022 (b)		30,000		30,110

Series 2015B, GO, 5.00%, 9/15/2022		55,000		56,277

Series 2016A, GO, 5.00%, 2/1/2023		25,000		25,950

City of Winchester, Public Improvement

GO, 5.00%, 9/1/2022 (b)		210,000		214,514

GO, 5.00%, 9/1/2022		75,000		76,616

GO, 5.00%, 3/1/2023		35,000		36,412

Commonwealth of Virginia

Series 2013B, GO, 4.00%, 6/1/2022		170,000		171,464

Series 2015B, GO, 5.00%, 6/1/2022		35,000		35,385

Series 2013B, GO, 4.00%, 6/1/2025		20,000		20,758

County of Arlington

Series 2012A, GO, 5.00%, 8/1/2022 (b)		45,000		45,813

Series 2012A, GO, 5.00%, 8/1/2022		200,000		203,655

GO, 4.00%, 8/15/2022		40,000		40,615

County of Chesterfield COP, 4.00%, 11/1/2023		100,000		101,893

County of Chesterfield, Public Improvement Series 2015B, GO, 5.00%, 1/1/2023		20,000		20,697

County of Culpeper GO, 5.00%, 1/15/2024		25,000		26,771


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Virginia — continued

County of Fairfax, Public Improvement

Series 2020A, GO, 4.00%, 10/1/2022		20,000		20,388

Series 2012B, GO, 5.00%, 4/1/2023		25,000		26,108

Series 2015B, GO, 5.00%, 10/1/2023		100,000		106,235

County of Fairfax, Sewer Series 2016A, Rev., 5.00%, 7/15/2022		115,000		116,889

County of Fauquier GO, 4.00%, 7/15/2022		35,000		35,441

County of Hanover, Public Improvement Series A, GO, 4.13%, 1/15/2023		50,000		50,133

County of Henrico, Public Improvement

GO, 4.00%, 8/1/2022		100,000		101,415

GO, 5.00%, 8/1/2022		25,000		25,457

County of Henrico, Water and Sewer

Rev., 3.00%, 5/1/2022		50,000		50,208

Rev., 5.00%, 5/1/2022		40,000		40,298

Rev., 3.13%, 5/1/2023 (b)		20,000		20,501

County of Loudoun Series 2018A, GO, 5.00%, 12/1/2022		25,000		25,797

County of Loudoun, Public Improvement Series 2019A, GO, 5.00%, 12/1/2022		50,000		51,594

County of Prince William

COP, 5.00%, 10/1/2022		100,000		102,444

COP, 5.00%, 10/1/2023		230,000		243,927

County of Prince William, Public Improvement

Series 2012A, GO, 4.00%, 8/1/2022		25,000		25,352

GO, 5.00%, 8/1/2022		105,000		106,910

County of Pulaski GO, 5.00%, 2/1/2024		40,000		42,860

County of Smyth GO, 5.00%, 11/1/2022		25,000		25,711

County of Spotsylvania, Water and Sewer System Rev., 5.00%, 6/1/2022		40,000		40,443

Culpeper County Economic Development Authority, Capital Projects

Rev., 5.00%, 6/1/2022		100,000		101,095

Rev., 5.00%, 6/1/2024		30,000		32,459

Culpeper County Economic Development Authority, Culpeper County Cte School Project Rev., 5.00%, 6/1/2023		75,000		78,740

Fairfax County Economic Development Authority, Joint Public Uses Complex Project Rev., 5.00%, 5/15/2022		175,000		176,596


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Virginia — continued

Fairfax County Economic Development Authority, Laurel Hill Public Facilities Project Series 2012A, Rev., 5.00%, 6/1/2022		75,000		75,831

Fairfax County Economic Development Authority, Route 28 Project Series 2016B, Rev., 3.00%, 4/1/2022		75,000		75,155

Fairfax County Economic Development Authority, Silver Line Phase I Project Rev., 5.00%, 4/1/2022		55,000		55,202

Fairfax County Industrial Development Authority, Inova Health System Project

Rev., 4.00%, 5/15/2022		20,000		20,138

Series 2012B, Rev., 5.00%, 5/15/2022		50,000		50,447

Series 2016A, Rev., 5.00%, 5/15/2023		20,000		20,953

Rev., 5.00%, 5/15/2024		45,000		45,409

Fairfax County Industrial Development Authority, Virginia Health Care, Inova Health System Project

Rev., 4.00%, 5/15/2022		375,000		377,593

Series 2016A, Rev., 5.00%, 5/15/2022		175,000		176,564

Series 2018B, Rev., 5.00%, 5/15/2023 (c)		115,000		120,449

Fairfax County Water Authority

Rev., 4.25%, 4/1/2022 (b)		25,000		25,076

Rev., 5.00%, 4/1/2022		120,000		120,443

Rev., 5.00%, 4/1/2022 (b)		135,000		135,492

Hampton Roads Sanitation District, Wastewater

Series 2014A, Rev., 5.00%, 7/1/2022		225,000		228,306

Series 2016A, Rev., 5.00%, 8/1/2022		20,000		20,365

Series 2014A, Rev., 5.00%, 7/1/2023		10,000		10,535

Series 2016A, Rev., 5.00%, 8/1/2023		25,000		26,413

Hampton Roads Transportation Accountability Commission, Senior Lien Series 2021A, Rev., BAN, 5.00%, 7/1/2026		15,500,000		17,760,163

Hampton Roads Transportation Accountability Commission, Transportation Fund, Intermediate Lien Series 2019A, Rev., BAN, 5.00%, 7/1/2022		2,940,000		2,983,204


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Virginia — continued

Henry County Industrial Development Authority Rev., GAN, 2.00%, 11/1/2023		1,040,000		1,040,638

Loudoun County Economic Development Authority, Howard Hughes Medical Institute Series 2003F, Rev., VRDO, 0.19%, 3/9/2022 (c)		10,000,000		10,000,000

Loudoun County Economic Development Authority, Public Facilities Project Series 2016A, Rev., 5.00%, 12/1/2022		50,000		51,575

Louisa Industrial Development Authority, Electric and Power Co. Project Series 2008B, Rev., 0.75%, 9/2/2025 (c)		100,000		96,104

Montgomery County Economic Development Authority, Virginia Tech Foundation

Series A, Rev., 5.00%, 6/1/2022		25,000		25,275

Series 2013A, Rev., 5.00%, 6/1/2023		20,000		20,997

Norfolk Economic Development Authority, Sentara Healthcare

Series 2016B, Rev., VRDO, 0.18%, 3/9/2022 (c)		50,000,000		50,000,000

Series 2012B, Rev., 5.00%, 11/1/2022		20,000		20,567

Series 2012B, Rev., 4.00%, 11/1/2023		100,000		101,954

Peninsula Ports Authority, Dominion Terminal Associates Project — DETC Issue Rev., 1.70%, 10/1/2022 (c)		1,300,000		1,305,310

Powhatan County Economic Development Authority Rev., 5.00%, 10/15/2022		25,000		25,644

Prince William County Industrial Development Authority, Novant Health Obligation Group Series 2013B, Rev., 3.25%, 11/1/2022 (b)		30,000		30,485

Roanoke Economic Development Authority, Va Lutheran Homes Brandon Oaks Project Rev., 6.63%, 12/1/2023 (b)		40,000		43,695

Southampton County Industrial Development Authority, Southampton County Capital Rev., 5.00%, 12/1/2022		65,000		67,032

Stafford County Economic Development Authority Rev., 5.00%, 6/15/2022		95,000		96,170


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Virginia — continued

Virginia Beach Development Authority, Public Facilities Series B, Rev., 5.00%, 12/1/2022		50,000		51,571

Virginia Beach Development Authority, Public Facility

Series 2018A, Rev., 5.00%, 4/1/2022		65,000		65,237

Series 2020A, Rev., 5.00%, 4/15/2022		50,000		50,269

Virginia Beach Development Authority, Westminster-Canterbury on Chesapeake Bay Rev., 5.00%, 9/1/2022		35,000		35,526

Virginia College Building Authority, 21st Century College and Equipment Programs

Series 2019B, Rev., 5.00%, 2/1/2023		55,000		57,060

Series 2019C, Rev., 5.00%, 2/1/2023		50,000		51,873

Series 2020A, Rev., 5.00%, 2/1/2023		25,000		25,936

Virginia College Building Authority, Educational Facilities, 21st Century College and Equipment Programs

Series 200.9, Rev., 5.00%, 2/1/2023		35,000		36,311

Series 2009E-2, Rev., 5.00%, 2/1/2023		10,000		10,374

Series 2013A, Rev., 5.00%, 2/1/2023 (b)		50,000		51,887

Series 2013A, Rev., 5.00%, 2/1/2023		20,000		20,749

Series 2015A, Rev., 5.00%, 2/1/2023		25,000		25,936

Series 2015D, Rev., 5.00%, 2/1/2023		85,000		88,184

Series 2018A, Rev., 5.00%, 2/1/2023		20,000		20,749

Series A, Rev., 5.00%, 2/1/2023		90,000		93,371

Series B, Rev., 5.00%, 2/1/2023		20,000		20,749

Virginia College Building Authority, Educational Facilities, Public Higher Education Financing Program

Series 2012-A, Rev., 5.00%, 9/1/2022 (b)		335,000		342,200

Series 2014B, Rev., 5.00%, 9/1/2022		60,000		61,281


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Virginia — continued

Series 2016A, Rev., 5.00%, 9/1/2022		60,000		61,280

Series A, Rev., 5.00%, 9/1/2022		70,000		71,494

Series B, Rev., 5.00%, 9/1/2023		60,000		63,568

Virginia College Building Authority, Public Higher Educational Financing Program

Series 2018A, Rev., 5.00%, 9/1/2022		125,000		127,668

Series 2019A, Rev., 5.00%, 9/1/2022		25,000		25,533

Series 2021A, Rev., 5.00%, 9/1/2022		55,000		56,174

Series 2013A, Rev., 4.00%, 9/1/2023 (b)		25,000		26,104

Virginia Commonwealth Transportation Board

Series 2012A, Rev., GAN, 5.00%, 3/15/2022 (b)		30,000		30,049

Rev., GAN, 5.00%, 9/15/2023		45,000		47,736

Virginia Commonwealth Transportation Board, Capital Projects

Rev., 5.00%, 5/15/2022		235,000		237,144

Rev., 5.00%, 5/15/2022 (b)		55,000		55,500

Series 2017A, Rev., 5.00%, 5/15/2022		100,000		100,912

Rev., 5.00%, 5/15/2023		100,000		104,887

Rev., 5.00%, 5/15/2024		35,000		37,832

Series 2017A, Rev., 5.00%, 5/15/2025		40,000		44,553

Virginia Commonwealth Transportation Board, Federal Transportation

Series 2012A, Rev., GAN, 4.50%, 3/15/2022		65,000		65,095

Rev., GAN, 5.00%, 3/15/2022		50,000		50,082

Rev., GAN, 5.00%, 3/15/2022 (b)		125,000		125,205

Series 2012A, Rev., GAN, 5.00%, 3/15/2022 (b)		25,000		25,041

Series 2012B-G, Rev., GAN, 5.00%, 3/15/2022		30,000		30,049

Rev., GAN, 5.00%, 9/15/2022		435,000		445,103

Series 2012B, Rev., GAN, 5.00%, 9/15/2022		280,000		286,503

Series 2012B, Rev., GAN, 5.00%, 9/15/2022 (b)		320,000		327,414

Rev., GAN, 5.00%, 3/15/2023		250,000		260,662

Series 2013A, Rev., GAN, 5.00%, 3/15/2023 (b)		280,000		291,886


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Virginia — continued

Series 2013-A, Rev., GAN, 5.00%, 3/15/2023		170,000		177,250

Rev., GAN, 5.00%, 3/15/2025		30,000		33,252

Virginia Commonwealth Transportation Board, Oak Grove Connector Series A, Rev., 5.00%, 5/15/2022		90,000		90,821

Virginia Commonwealth Transportation Board, Transportation Capital Project Rev., 5.00%, 5/15/2022 (b)		125,000		126,137

Virginia Commonwealth Transportation Board, Transportation District Program Rev., 5.00%, 5/15/2022		80,000		80,730

Virginia Commonwealth Transportation Board, U.S. Route 58 Corridor Development Program

Series 2014B, Rev., 5.00%, 5/15/2022		35,000		35,319

Series C, Rev., 5.00%, 5/15/2022		65,000		65,593

Virginia Commonwealth University Series 2018A, Rev., 5.00%, 11/1/2022		20,000		20,563

Virginia Commonwealth University Health System Authority

Rev., 5.00%, 7/1/2022		20,000		20,290

Rev., 5.00%, 7/1/2025		45,000		50,153

Virginia Housing Development Authority Series 2020B, Rev., 0.99%, 3/1/2024		210,000		207,770

Virginia Housing Development Authority, Commonwealth Mortgage Series 2012C-2, Rev., 2.20%, 4/1/2022		25,000		25,033

Virginia Public Building Authority, Public Facilities

Series 2013A, Rev., 5.00%, 8/1/2022		50,000		50,891

Series 2013B, Rev., 5.00%, 8/1/2022		25,000		25,445

Series 2014A, Rev., 5.00%, 8/1/2022		260,000		264,631

Series 2015A, Rev., 5.00%, 8/1/2022		20,000		20,356

Series 2015B, Rev., 5.00%, 8/1/2022		25,000		25,445

Series 2017A, Rev., 5.00%, 8/1/2022		100,000		101,781

Series 2019A, Rev., 5.00%, 8/1/2022		30,000		30,534


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Virginia — continued

Series 2020B, Rev., 5.00%, 8/1/2022		40,000		40,713

Series A, Rev., 5.00%, 8/1/2022		700,000		712,467

Series B, Rev., 5.00%, 8/1/2022		140,000		142,494

Series C, Rev., 5.00%, 8/1/2022		115,000		117,048

Series 2012A, Rev., 4.00%, 8/1/2023		10,000		10,419

Series 2013A, Rev., 4.00%, 8/1/2023		70,000		72,935

Series 2013A, Rev., 5.00%, 8/1/2023 (b)		65,000		68,645

Series 2018A, Rev., 5.00%, 8/1/2023		30,000		31,678

Series 2020B, Rev., 5.00%, 8/1/2023		10,000		10,559

Series 2021A-1, Rev., 5.00%, 8/1/2023		65,000		68,636

Series A, Rev., 5.00%, 8/1/2023		20,000		21,119

Series C, Rev., 4.00%, 8/1/2026		25,000		26,677

Virginia Public School Authority, School Financing 1997 Resolution

Rev., 3.00%, 8/1/2022 (b)		45,000		45,440

Series 2012A, Rev., 3.00%, 8/1/2022 (b)		50,000		50,488

Series 2012C, Rev., 3.25%, 8/1/2022 (b)		80,000		80,864

Series 2012D, Rev., 4.00%, 8/1/2022 (b)		155,000		157,160

Rev., 5.00%, 8/1/2022 (b)		70,000		71,264

Series 2012A, Rev., 5.00%, 8/1/2022 (b)		260,000		264,649

Series 2012A, Rev., 5.00%, 8/1/2022		110,000		112,001

Series 2012B, Rev., 5.00%, 8/1/2022 (b)		75,000		76,355

Series 2012D, Rev., 5.00%, 8/1/2022 (b)		45,000		45,813

Series 2012D, Rev., 5.00%, 8/1/2022		20,000		20,364

Series 2013A, Rev., 5.00%, 8/1/2022		45,000		45,819

Series 2014B, Rev., 5.00%, 8/1/2022		95,000		96,728

Series 2015B, Rev., 5.00%, 8/1/2022		25,000		25,455

Series 2013A, Rev., 3.00%, 8/1/2023 (b)		25,000		25,691

Rev., 5.00%, 8/1/2023		70,000		73,936


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Virginia — continued

Series 2013A, Rev., 5.00%, 8/1/2023 (b)		25,000		26,402

Series 2013A, Rev., 5.00%, 8/1/2023		10,000		10,562

Series 2014B, Rev., 5.00%, 8/1/2023		135,000		142,590

Series 2014C, Rev., 5.00%, 8/1/2023		25,000		26,406

Series 2015A, Rev., 5.00%, 8/1/2024		25,000		27,207

Virginia Public School Authority, School Financing, Special Obligation

Rev., 5.00%, 8/1/2022		20,000		20,364

Rev., 5.00%, 2/1/2023		100,000		103,801

Virginia Public School Authority, School Technology Series V, Rev., 5.00%, 4/15/2022		50,000		50,271

Virginia Public School Authority, School Technology and Security Notes

Series VI, Rev., 5.00%, 4/15/2022		225,000		226,219

Series VIII, Rev., 5.00%, 4/15/2022		140,000		140,759

Series VI, Rev., 5.00%, 4/15/2023		80,000		83,662

Virginia Resources Authority, Clean Water Revolving Fund Rev., 5.00%, 10/1/2022		75,000		76,882

Virginia Resources Authority, Clean Water State Revolving Fund Rev., 5.00%, 10/1/2022		30,000		30,753

Virginia Resources Authority, Infrastructure

Series 2015B, Rev., 4.00%, 11/1/2022		20,000		20,436

Series 2012A, Rev., 5.00%, 11/1/2022 (b)		800,000		822,521

Series 2016A, Rev., 5.00%, 11/1/2022		40,000		41,137

Series 2016C, Rev., 5.00%, 11/1/2022		120,000		123,411

Virginia Resources Authority, Infrastructure Moral Obligation

Rev., 4.00%, 11/1/2022		25,000		25,540

Series 2012B, Rev., 4.00%, 11/1/2022 (b)		155,000		158,287

Series 2013A, Rev., 4.00%, 11/1/2022		50,000		51,081

Series 2014C, Rev., 5.00%, 11/1/2022		100,000		102,822

Series 2014C, Rev., AMT, 5.00%, 11/1/2022		35,000		35,995


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Virginia — continued

Series 2016A, Rev., 5.00%, 11/1/2022		50,000		51,411

Series 2019A, Rev., 5.00%, 11/1/2022		25,000		25,705

Series 2012B, Rev., 4.00%, 11/1/2024		15,000		15,313

Virginia Resources Authority, Infrastructure Moral Obligation, Pooled Financing Program

Rev., 5.00%, 11/1/2022		60,000		61,698

Series 2020C, Rev., 5.00%, 11/1/2022		75,000		77,117

Virginia Resources Authority, Infrastructure Pooled Financing Program

Rev., 5.00%, 11/1/2022		75,000		77,132

Series 2012A, Rev., 5.00%, 11/1/2022		40,000		41,137

Series 2012A, Rev., 5.00%, 11/1/2022 (b)		85,000		87,393

Series 2012B, Rev., 5.00%, 11/1/2022		115,000		118,269

Series 2017A, Rev., 5.00%, 11/1/2022		25,000		25,710

Virginia Resources Authority, Infrastructure Tax Exempt Series A, Rev., 5.00%, 11/1/2022		20,000		20,568

Virginia Resources Authority, Pooled Financing Program

Series 2017C, Rev., 4.00%, 11/1/2022		65,000		66,418

Series 2012A-1, Rev., 5.00%, 11/1/2022 (b)		100,000		102,815

Series 2016B, Rev., 5.00%, 11/1/2022		50,000		51,421

Western Regional Jail Authority, Regional Jail Facility

Rev., 4.00%, 12/1/2022		50,000		51,172

Rev., 5.00%, 12/1/2024		1,285,000		1,406,414

Winchester Economic Development Authority, Health System Obligation Group Series 2014A, Rev., 5.00%, 1/1/2023		25,000		25,850

Wise County Industrial Development Authority, Electric and Power Co. Project Series 2010A, Rev., 1.20%, 5/31/2024 (c)		2,065,000		2,040,202

York County, Economic Development Authority, Capital Project Rev., 4.00%, 7/15/2023		55,000		57,129


Total Virginia				107,000,001


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Washington — 1.8%

Auburn School District No. 408 of King and Pierce Counties

GO, 3.00%, 12/1/2022		150,000		150,833

GO, 4.00%, 12/1/2023		95,000		97,086

GO, 4.00%, 12/1/2024		60,000		61,393

Auburn School District No. 408 of King and Pierce Counties, Unlimited Tax GO, 5.00%, 12/1/2024		25,000		27,519

Benton County School District No. 17 Kennewick, Unlimited Tax

GO, 5.00%, 12/1/2022		90,000		92,814

GO, 5.00%, 12/1/2023		60,000		64,025

Benton County School District No. 400 Richland, Unlimited Tax GO, 5.00%, 12/1/2023		50,000		52,426

Cascade Water Alliance

Rev., 5.00%, 9/1/2022		25,000		25,542

Rev., 5.00%, 1/1/2023		25,000		25,870

Central Puget Sound Regional Transit Authority, Sales and Motor Vehicle Excise Tax Series 2016S-1, Rev., 5.00%, 11/1/2022		50,000		51,418

Central Puget Sound Regional Transit Authority, Sales and Use Tax

Series 2012S-1, Rev., 5.00%, 11/1/2022 (b)		105,000		107,956

Series 2012S-1, Rev., 5.00%, 11/1/2022		140,000		143,970

Central Washington University

Rev., 5.00%, 5/1/2022		120,000		120,850

Rev., 5.00%, 5/1/2023		100,000		104,481

Rev., AGM, 5.00%, 5/1/2024		360,000		387,934

Chelan County Public Utility District No. 1 Series 2020A, Rev., 5.00%, 7/1/2022		120,000		121,759

Chelan County Public Utility District No. 1, Capital Appreciation Series 1997A, Rev., NATL-RE, Zero Coupon, 6/1/2023		70,000		69,085

City of Auburn, Utility System

Rev., 5.00%, 12/1/2022		35,000		36,078

Rev., 5.00%, 12/1/2023		35,000		37,291

City of Bellevue, Limited Tax GO, 5.00%, 12/1/2022		75,000		77,379

City of Bellingham, Limited Tax GO, 5.00%, 12/1/2022		25,000		25,787

City of Bonney Lake, Water & Sewer System Rev., 4.00%, 12/1/2022		75,000		76,816


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Washington — continued

City of Centralia Electric System Rev., 5.00%, 12/1/2022		120,000		123,715

City of Edmonds, Water and Sewer Rev., 5.00%, 12/1/2023		25,000		26,213

City of Everett, Water and Sewer

Rev., 5.00%, 12/1/2022		500,000		515,822

Rev., 5.00%, 12/1/2023		25,000		26,673

Rev., 5.00%, 12/1/2024		40,000		41,229

City of Fife Rev., 4.00%, 10/1/2022		100,000		101,866

City of Gig Harbor, Water and Sewer Rev., 4.00%, 10/1/2022		50,000		50,915

City of Lynnwood

Rev., 4.00%, 12/1/2022		45,000		46,089

Rev., 4.00%, 12/1/2023		30,000		31,495

City of Marysville, Water and Sewer Rev., 5.00%, 4/1/2022		180,000		180,661

City of Olympia, Limited Tax GO, 5.00%, 12/1/2024		25,000		27,504

City of Olympia, Unlimited Tax GO, 5.00%, 12/1/2022		45,000		46,424

City of Renton, Limited Tax

Series A, GO, 4.00%, 12/1/2022		50,000		51,187

GO, 5.00%, 12/1/2022		65,000		67,057

City of Richland Rev., 5.00%, 11/1/2022		45,000		46,276

City of Richland, Waterworks Utility Rev., 4.00%, 11/1/2023		20,000		20,941

City of Seattle, Drainage and Wastewater System Improvement

Rev., 5.00%, 4/1/2022		45,000		45,165

Rev., 5.00%, 5/1/2022		185,000		186,366

Rev., 5.00%, 9/1/2022		150,000		150,344

Rev., 5.00%, 9/1/2024		45,000		45,107

City of Seattle, Limited Tax

GO, 5.00%, 5/1/2022		20,000		20,148

Series 2017A, GO, 5.00%, 11/1/2022		150,000		154,253

Series 2016A, GO, 5.00%, 4/1/2023		30,000		31,330

Series 2013A, GO, 4.00%, 10/1/2023		25,000		25,800

City of Seattle, Municipal Light and Power Improvement

Series 2016B, Rev., 5.00%, 4/1/2022		45,000		45,165

Series 2015A, Rev., 5.00%, 5/1/2022		155,000		156,145

Series 2012A, Rev., 5.00%, 6/1/2022		40,000		40,442


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Washington — continued

Rev., 5.00%, 7/1/2022		120,000		121,755

Rev., 5.00%, 9/1/2022		315,000		321,802

Series 2017C, Rev., 5.00%, 9/1/2022		45,000		45,972

Series 2016C, Rev., 5.00%, 10/1/2022		85,000		87,122

Series 2018A, Rev., 5.00%, 1/1/2023		65,000		67,261

Series 2019A, Rev., 5.00%, 4/1/2023		25,000		26,105

Series 2015A, Rev., 5.00%, 5/1/2023		130,000		136,151

Series 2020A, Rev., 5.00%, 7/1/2023		30,000		31,602

Rev., 5.00%, 9/1/2023		105,000		111,227

Series 2016C, Rev., 5.00%, 10/1/2023		45,000		47,798

Series 2012A, Rev., 5.00%, 6/1/2024		120,000		121,299

Series 2012A, Rev., 5.00%, 6/1/2025		170,000		171,788

City of Seattle, Solid Waste System Rev., 5.00%, 5/1/2022		275,000		277,013

City of Seattle, Water System

Rev., 5.00%, 5/1/2022		75,000		75,554

Rev., 4.00%, 9/1/2022 (b)		70,000		71,140

Rev., 5.00%, 9/1/2022		180,000		183,887

Rev., 5.00%, 9/1/2022 (b)		110,000		112,364

Rev., 5.00%, 5/1/2023		60,000		62,839

Rev., 5.00%, 9/1/2023		50,000		50,992

City of Shelton, Limited Tax GO, 4.00%, 12/1/2022		150,000		153,267

City of Spokane, Unlimited Tax GO, 5.00%, 12/1/2022		200,000		206,329

City of Spokane, Water and Wastewater System

Rev., 5.00%, 12/1/2022		25,000		25,791

Rev., 5.00%, 12/1/2023		20,000		21,349

City of Tacoma

Rev., 5.00%, 12/1/2022		280,000		288,861

Series 2015A, Rev., 5.00%, 12/1/2022		20,000		20,625

City of Tacoma, Electric System Series 2013B, Rev., 5.00%, 1/1/2023		50,000		51,722

City of Tacoma, Water Supply System Rev., 5.00%, 12/1/2022		25,000		25,782


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Washington — continued

City of University Place, Limited Tax GO, 4.00%, 12/1/2023		35,000		36,744

City of Vancouver Downtown Redevelopment Authority, Conference Center Project Rev., GTD, 5.00%, 1/1/2023		160,000		165,510

City of Vancouver, Limited Tax Series 2015B, GO, 5.00%, 12/1/2022		20,000		20,633

City of Walla Walla, Unlimited Tax

GO, 3.00%, 12/1/2022		70,000		71,121

GO, 3.00%, 12/1/2023		25,000		25,793

City of Wenatchee, Water and Sewer System Rev., 3.00%, 12/1/2022		25,000		25,400

City of Yakima, Limited Tax Series 2014A, GO, 5.00%, 6/1/2023		25,000		26,183

Clark & Skamania Counties School District No. 112-6 Washougal GO, 4.00%, 12/1/2022		30,000		30,722

Clark County Public Utility District No. 1

Rev., 5.00%, 1/1/2023		335,000		346,593

Rev., 5.00%, 1/1/2024		15,000		16,033

Clark County Public Utility District No. 1, Electric System Rev., 5.00%, 1/1/2023		305,000		315,555

Clark County Public Utility District No. 1, Generating System Rev., 5.00%, 1/1/2024		125,000		133,607

Clark County School District No. 114 Evergreen, Unlimited Tax GO, 5.00%, 12/1/2022		80,000		82,519

Clark County School District No. 117 Camas, Unlimited Tax

GO, 2.00%, 12/1/2022		30,000		30,280

GO, 5.00%, 12/1/2023		100,000		106,799

Clark County School District No. 122 Ridgefield, Unlimited Tax GO, 5.00%, 12/1/2022		30,000		30,945

Clark County School District No. 37 Vancouver, Unlimited Tax

GO, 3.00%, 12/1/2022		30,000		30,499

GO, 5.00%, 12/1/2023		30,000		32,034

Clark County, Vancouver School District No. 37 GO, 3.00%, 12/1/2023		25,000		25,832

Clark Regional Wastewater District Rev., 5.00%, 12/1/2022		25,000		25,776

County of Benton, Limited Tax

GO, 3.00%, 12/1/2022		45,000		45,721

GO, 3.00%, 12/1/2023		30,000		30,940


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Washington — continued

County of Franklin, Limited Tax GO, AGM, 4.00%, 7/1/2022 (b)		25,000		25,282

County of King, Limited Tax

Series 2017B, GO, 5.00%, 6/1/2022		60,000		60,665

Series 2019A, GO, 5.00%, 6/1/2022		50,000		50,554

Series 2015A, GO, 4.00%, 7/1/2022		50,000		50,568

Series 2012B, GO, 5.00%, 7/1/2022 (b)		50,000		50,728

Series 2012C, GO, 5.00%, 7/1/2022 (b)		20,000		20,291

Series 2015A, GO, 5.00%, 7/1/2022		25,000		25,367

Series 2019B, GO, 5.00%, 7/1/2022		30,000		30,440

Series 2012E, GO, 3.00%, 12/1/2022		30,000		30,503

GO, 4.00%, 12/1/2022		50,000		51,210

Series 2014C, GO, 5.00%, 12/1/2022		180,000		185,696

Series 2021A, GO, 5.00%, 12/1/2022		190,000		196,012

Series 2021A, GO, 3.00%, 1/1/2023		95,000		96,742

County of King, Sewer

Series 2012B, Rev., 5.00%, 7/1/2022 (b)		20,000		20,291

Series 2014B, Rev., 5.00%, 7/1/2022		45,000		45,660

Series 2015B, Rev., 5.00%, 7/1/2022		105,000		106,539

Series 2018B, Rev., 5.00%, 7/1/2022		90,000		91,320

Series 2020A, Rev., 0.62%, 1/1/2024 (c)		1,545,000		1,523,280

Series 2013A, Rev., 5.00%, 1/1/2024		30,000		30,968

County of King, Sewer, Junior Lien Series B, Rev., 0.88%, 1/1/2026 (c)		60,000		58,350

County of Kitsap, Limited Tax GO, 4.00%, 12/1/2022		45,000		46,089

County of Kitsap, Sewer Rev., 5.00%, 12/1/2022		25,000		25,791

County of Pierce, Limited Tax GO, 5.00%, 7/1/2022		30,000		30,441

County of Pierce, Sewer

Rev., 4.00%, 8/1/2022 (b)		185,000		187,579

Rev., 5.00%, 8/1/2022		35,000		35,638

County of Skagit, Limited Tax GO, 5.00%, 12/1/2024		60,000		66,045

County of Snohomish, Limited Tax

GO, 4.00%, 12/1/2022		190,000		194,600

GO, 5.00%, 12/1/2022		70,000		72,215


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Washington — continued

County of Spokane, Limited Tax GO, 5.00%, 12/1/2022 (b)		50,000		51,571

East Columbia Basin Irrigation District Rev., 5.00%, 6/1/2022		50,000		50,547

East Wenatchee Water District Rev., 4.00%, 8/1/2023		25,000		26,009

Eastern Washington University, Services and Activities Fee Rev., 5.00%, 10/1/2023		35,000		37,068

Energy Northwest, Bonneville Power Administrator Series 2016-A, Rev., 5.00%, 7/1/2022		50,000		50,735

Energy Northwest, Columbia Generating Station

Series 2018A, Rev., 4.00%, 7/1/2022		180,000		182,052

Series 2014A, Rev., 5.00%, 7/1/2022		385,000		390,658

Series 2015A, Rev., 5.00%, 7/1/2022		25,000		25,367

Series 2018A, Rev., 5.00%, 7/1/2022		360,000		365,290

Series 2019A, Rev., 5.00%, 7/1/2022		80,000		81,176

Series 2021A, Rev., 5.00%, 7/1/2022		775,000		786,389

Series 2014-A, Rev., 4.00%, 7/1/2023		100,000		104,048

Series 2014A, Rev., 5.00%, 7/1/2023		175,000		184,392

Series 2017-A, Rev., 5.00%, 7/1/2023		35,000		36,878

Series 2018A, Rev., 5.00%, 7/1/2023		110,000		115,903

Energy Northwest, Project 1

Series 2014-C, Rev., 5.00%, 7/1/2026		100,000		108,428

Series 2017-A, Rev., 5.00%, 7/1/2026		200,000		202,851

Energy Northwest, Project 3 Electric

Series 2018C, Rev., 4.00%, 7/1/2023		30,000		31,214

Series C, Rev., 5.00%, 7/1/2023		25,000		26,342

Series 2018C, Rev., 5.00%, 7/1/2025		25,000		27,993

Energy Northwest, Wind Project Rev., 5.00%, 7/1/2022		25,000		25,354

FYI Properties, State of Washington District Project

Rev., 5.00%, 6/1/2022		55,000		55,588

Rev., 5.00%, 6/1/2023		45,000		47,158


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Washington — continued

Grant County Public Utility District No. 2 Electric System

Series 2017-O, Rev., 5.00%, 1/1/2023		20,000		20,687

Series 2013-J, Rev., 5.00%, 7/1/2023 (b)		25,000		26,328

Grant County Public Utility District No. 2, Priest Rapids Hydroelectric Project

Series 2012A, Rev., 5.00%, 7/1/2022 (b)		105,000		106,529

Series A, Rev., 5.00%, 1/1/2023 (b)		135,000		139,649

Grays Harbor County Public Utility District No. 1

Series 2015A, Rev., 5.00%, 1/1/2023		40,000		41,357

Rev., 5.00%, 7/1/2023 (b)		45,000		47,359

Series 2015A, Rev., 5.00%, 1/1/2025		100,000		109,764

Greater Wenatchee Regional Events Center Public Facilities District Series A, Rev., 5.50%, 9/1/2022 (b)		250,000		255,993

King and Snohomish Counties School District No. 417 Northshore GO, 5.00%, 12/1/2022		20,000		20,633

King and Snohomish Counties School District No. 417 Northshore, Unlimited Tax

GO, 5.00%, 12/1/2022		65,000		67,057

GO, 5.00%, 12/1/2024		25,000		27,518

King County Fire Protection District No. 2, Unlimited Tax GO, 5.00%, 12/1/2022		30,000		30,949

King County Fire Protection District No. 39, Unlimited Tax Series 2015A, GO, 5.00%, 12/1/2024		40,000		44,018

King County Housing Authority Rev., 3.00%, 6/1/2022		55,000		55,310

King County Housing Authority, Workforce Housing Preservation

Rev., 2.00%, 10/1/2022		220,000		221,241

Rev., 2.00%, 10/1/2023		100,000		100,929

Rev., 3.00%, 10/1/2024		100,000		103,447

King County Public Hospital District No. 1, Valley Medical Center, Limited Tax

GO, 4.00%, 12/1/2022		150,000		153,403

GO, 5.00%, 12/1/2022		410,000		422,348


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Washington — continued

King County Public Hospital District No. 2, Evergreen Healthcare GO, 5.00%, 12/1/2022		50,000		51,575

King County Rural Library District, Unlimited Tax

GO, 4.00%, 12/1/2022		300,000		307,263

GO, 4.00%, 12/1/2023		75,000		78,737

King County School District No. 210 Federal Way, Unlimited Tax GO, 4.00%, 12/1/2022		35,000		35,842

King County School District No. 401 Highline

GO, 5.00%, 6/1/2022		35,000		35,387

GO, 5.00%, 12/1/2022		120,000		121,264

GO, 5.00%, 6/1/2023		25,000		25,251

King County School District No. 401 Highline, Unlimited Tax

Series 2012B, GO, 3.25%, 12/1/2022		25,000		25,466

GO, 4.00%, 12/1/2022		35,000		35,847

Series 2012B, GO, 5.00%, 12/1/2024		165,000		170,083

King County School District No. 403 Renton GO, 5.00%, 12/1/2022		60,000		60,630

King County School District No. 405 Bellevue, Unlimited Tax

Series 2012B, GO, 3.00%, 12/1/2022		40,000		40,665

GO, 5.00%, 12/1/2022		160,000		165,039

GO, 5.00%, 12/1/2023		185,000		197,577

GO, 5.00%, 12/1/2024		210,000		231,276

King County School District No. 410 Snoqualmie Valley , Unlimited Tax GO, 5.00%, 12/1/2022		30,000		30,961

King County School District No. 410 Snoqualmie Valley, Unlimited Tax GO, 4.00%, 12/1/2022		95,000		97,300

King County School District No. 411 Issaquah, Unlimited Tax

GO, 2.50%, 12/1/2022		40,000		40,522

GO, 3.00%, 12/1/2022		35,000		35,587

GO, 4.00%, 12/1/2022		20,000		20,484

King County School District No. 414 Lake Washington, Unlimited Tax GO, 5.00%, 12/1/2022		410,000		422,974

King County School District No. 415 Kent, Unlimited Tax GO, 5.00%, 12/1/2023		30,000		32,040


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Washington — continued

Kitsap County Public Utility District No. 1 Rev., 4.00%, 12/1/2022		40,000		40,880

Kitsap County School District No. 303 Bainbridge Island Series 2014B, GO, 5.00%, 12/1/2022		20,000		20,633

Kitsap County School District No. 401 Central Kitsap, Unlimited Tax GO, 5.00%, 12/1/2022		185,000		190,854

Lewis County Public Utility District No. 1, Cowlitz Falls Hydro Electric Project

Rev., 5.00%, 10/1/2022		45,000		46,126

Rev., 5.00%, 10/1/2023		100,000		106,170

Lynnwood Public Facilities District, Convention Center Rev., 5.00%, 12/1/2022		50,000		51,464

Mason County School District No. 309 Shelton, Unlimited Tax GO, 5.00%, 12/1/2022		25,000		25,766

North Thurston Public Schools, Unlimited Tax GO, 4.00%, 12/1/2022		40,000		40,962

Pierce County School District No. 1 Steilacoom GO, 3.00%, 12/1/2022		200,000		201,111

Pierce County School District No. 10 Tacoma, Unlimited Tax GO, 5.00%, 12/1/2022		25,000		25,791

Pierce County School District No. 3 Puyallup, Unlimited Tax

GO, 3.00%, 12/1/2022		50,000		50,278

Series 2012A, GO, 4.00%, 12/1/2022		95,000		97,300

GO, 5.00%, 12/1/2022		25,000		25,262

GO, 5.00%, 6/1/2023		120,000		121,208

Series 2012A, GO, 5.00%, 12/1/2024		25,000		25,781

Series 2012A, GO, 5.00%, 12/1/2025		50,000		51,559

Pierce County School District No. 320 Sumner, Unlimited Tax

GO, 3.00%, 12/1/2022		25,000		25,419

GO, 5.00%, 12/1/2022		25,000		25,791

Pierce County School District No. 401 Peninsula, Unlimited Tax GO, 5.00%, 12/1/2022		20,000		20,633

Pierce County School District No. 403 Bethel, Unlimited Tax GO, 4.00%, 12/1/2022		70,000		71,695

Pierce County School District No. 83 University Place, Unlimited Tax GO, 3.00%, 12/1/2022		75,000		76,258


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Washington — continued

Port of Bellingham Rev., 4.00%, 12/1/2022		50,000		51,172

Port of Everett Rev., 4.00%, 12/1/2022		50,000		51,161

Port of Everett, Limited Tax GO, 5.00%, 12/1/2022		25,000		25,791

Port of Seattle Series 2013A, GO, 4.00%, 11/1/2023		150,000		152,931

Port of Seattle, Intermediate Lien

Series 2015B, Rev., 5.00%, 3/1/2022		290,000		290,000

Series 2012A, Rev., 4.00%, 8/1/2022		320,000		324,433

Series 2012A, Rev., 5.00%, 8/1/2022		85,000		86,528

Series 2021A, Rev., 5.00%, 12/1/2022		120,000		123,751

Series B, Rev., 5.00%, 3/1/2023		215,000		223,743

Series A, Rev., 5.00%, 4/1/2023		190,000		198,317

Series 2012A, Rev., 5.00%, 8/1/2023		425,000		431,972

Series 2012A, Rev., 5.00%, 8/1/2024		155,000		157,735

Series B, Rev., 5.00%, 3/1/2025		170,000		185,266

Series 2012A, Rev., 5.00%, 8/1/2026		2,480,000		2,522,079

Port of Tacoma, Limited Tax Series 2016A, GO, 4.00%, 12/1/2022		80,000		81,937

Skagit County School District No. 103 Anacortes GO, 5.00%, 12/1/2022		40,000		41,260

Snohomish County Public Transportation Benefit Area Corp., Limited Sales Tax Rev., 5.00%, 8/1/2022		155,000		157,826

Snohomish County Public Utility District No. 1, Electric System

Rev., 5.00%, 12/1/2022		65,000		67,057

Rev., 5.00%, 12/1/2022 (b)		275,000		283,639

Snohomish County Public Utility District No. 1, Generation System Series 2020A, Rev., 5.00%, 12/1/2022		200,000		206,329

Snohomish County School District No. 2 Everett, Unlimited Tax

GO, 3.00%, 12/1/2022		65,000		66,090

GO, 5.00%, 12/1/2022		120,000		123,798

Snohomish County School District No. 332 Granite Falls, Unlimited Tax Series 2015A, GO, 5.00%, 12/1/2023		50,000		53,354


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Washington — continued

South Correctional Entity Facility Public Development Authority Rev., 4.00%, 12/1/2023		115,000		120,526

Southwest Suburban Sewer District Rev., 5.00%, 5/1/2022		20,000		20,146

Spokane & Whitman Counties School District No. 360 Cheney, Unlimited Tax GO, 5.00%, 12/1/2022		25,000		25,787

Spokane County School District No. 354 Mead, Unlimited Tax GO, 5.00%, 12/1/2022		20,000		20,630

Spokane County School District No. 356 Central Valley, Unlimited Tax GO, 5.00%, 12/1/2023		45,000		48,019

Spokane Public Facilities District, Hotel and Sales Tax Series 2013A, Rev., 5.00%, 6/1/2023 (b)		25,000		26,253

Spokane Public Facilities District, Sales Tax

Series 2013B, Rev., 4.50%, 6/1/2023 (b)		45,000		46,977

Series 2013B, Rev., 5.00%, 6/1/2023 (b)		60,000		63,007

State of Washington

Series 2016B, COP, 5.00%, 7/1/2022		30,000		30,431

Series 2018B, COP, 5.00%, 7/1/2022		20,000		20,287

Series 2020D, COP, 5.00%, 7/1/2022		100,000		101,436

Series 2021B, COP, 5.00%, 7/1/2022		55,000		55,789

Series 2020A, COP, 5.00%, 1/1/2023		160,000		165,374

State of Washington, Motor Vehicle Fuel Tax

Series 2019B, GO, 5.00%, 6/1/2022		25,000		25,279

Series 2019D, GO, 5.00%, 6/1/2022		65,000		65,726

Series 2021B, GO, 5.00%, 6/1/2022		85,000		85,950

Series 2021E, GO, 5.00%, 6/1/2022		20,000		20,224

GO, 5.00%, 7/1/2022		285,000		289,217

Series 2021D, GO, 5.00%, 7/1/2022		40,000		40,592

Series B, GO, 5.00%, 7/1/2022		250,000		253,699

Series R-2012D, GO, 5.00%, 7/1/2022		70,000		71,036

Series R-2015F, GO, 5.00%, 7/1/2022		225,000		228,329

Series R-2016C, GO, 5.00%, 7/1/2022		110,000		111,628


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Washington — continued

Series R-2020D, GO, 5.00%, 7/1/2022		140,000		142,072

Series 2013B-2, GO, 4.00%, 8/1/2022		25,000		25,356

Series 2014B, GO, 5.00%, 8/1/2022		25,000		25,459

Series 2018B, GO, 5.00%, 8/1/2022		90,000		91,652

Series R-2017D, GO, 5.00%, 8/1/2022		25,000		25,459

Series R-2020B, GO, 5.00%, 1/1/2023		45,000		46,576

Series 2013E, GO, 5.00%, 2/1/2023		30,000		31,146

Series 2014E, GO, 5.25%, 2/1/2023		30,000		31,214

Series 2003C, GO, NATL-RE, Zero Coupon, 6/1/2023		25,000		24,631

Series R-2013D, GO, 5.00%, 7/1/2023		20,000		21,076

Series R-2021A, GO, 5.00%, 6/1/2024		500,000		542,378

Series R-2013B, GO, 5.00%, 7/1/2024		175,000		177,530

GO, 5.00%, 7/1/2025		275,000		278,976

Series R-2012D, GO, 5.00%, 7/1/2025		600,000		608,675

Series R-2013B, GO, 5.00%, 7/1/2026		295,000		299,256

State of Washington, Motor Vehicle Fuel Tax Related Fees

Series 2020E, GO, 5.00%, 6/1/2022		35,000		35,391

Series R-2012D, GO, 5.00%, 7/1/2024		105,000		106,518

State of Washington, Motor Vehicle Fuel Tax, Senior 520 Corridor Program-Toll Series 2017C, GO, 5.00%, 6/1/2022		75,000		75,838

State of Washington, Senior 520 Corridor Program

Series 2012F, Rev., 5.00%, 9/1/2022		2,860,000		2,920,891

Series 2014C, Rev., 5.00%, 9/1/2022		570,000		582,136

Series 2012F, Rev., 5.00%, 9/1/2023		170,000		173,588

Series 2012F, Rev., 5.00%, 9/1/2024		1,390,000		1,419,031

State of Washington, Senior 520 Corridor Program, Federal Highway Series 2014C, Rev., 5.00%, 9/1/2024		95,000		100,488


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Washington — continued

State of Washington, State and Local Agency Personal Property

Series 2014A, COP, 4.00%, 7/1/2022		50,000		50,542

Series 2013A, COP, 5.00%, 7/1/2022		165,000		167,369

Series 2014B, COP, 5.00%, 7/1/2024		50,000		54,274

State of Washington, State and Local Agency Real and Personal Property

Series 2012A, COP, 3.00%, 7/1/2022		35,000		35,264

Series 2013B, COP, 4.00%, 7/1/2022		225,000		227,436

COP, 5.00%, 7/1/2022		185,000		187,656

Series 2015C, COP, 5.00%, 7/1/2022		525,000		532,538

Series 2017A, COP, 5.00%, 7/1/2022		450,000		456,461

Series 2018C, COP, 5.00%, 7/1/2022		50,000		50,718

Series 2019A, COP, 5.00%, 7/1/2022		130,000		131,867

Series 2019D, COP, 5.00%, 7/1/2022		300,000		304,307

Series 2015B, COP, 5.00%, 1/1/2023		90,000		93,023

Series 2015C, COP, 5.00%, 7/1/2023		55,000		57,831

Series 2016A, COP, 5.00%, 7/1/2023		35,000		36,802

Series 2017A, COP, 5.00%, 7/1/2023		170,000		178,751

Series 2019B, COP, 5.00%, 7/1/2023		120,000		126,177

Series 2019D, COP, 5.00%, 7/1/2023		275,000		289,157

Series 2018C, COP, 5.00%, 7/1/2024		35,000		37,992

State of Washington, Various Purpose

Series R-2012C, GO, 4.00%, 7/1/2022		510,000		515,865

Series R-2015G, GO, 4.00%, 7/1/2022		25,000		25,287

Series 2015C, GO, 5.00%, 7/1/2022		50,000		50,740

Series 2015D, GO, 5.00%, 7/1/2022		50,000		50,740

Series R-2013A, GO, 5.00%, 7/1/2022		115,000		116,702


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Washington — continued

Series R-2015A, GO, 5.00%, 7/1/2022		150,000		152,219

Series R-2015E, GO, 5.00%, 7/1/2022		245,000		248,625

Series R-2016B, GO, 5.00%, 7/1/2022		300,000		304,439

Series R-2020C, GO, 5.00%, 7/1/2022		245,000		248,625

Series R-C, GO, 5.00%, 7/1/2022		115,000		116,702

Series 2016A-2, GO, 4.00%, 8/1/2022		25,000		25,356

Series 2013A, GO, 5.00%, 8/1/2022 (b)		25,000		25,452

Series 2013A, GO, 5.00%, 8/1/2022		115,000		117,111

Series 2014A, GO, 5.00%, 8/1/2022		35,000		35,643

Series 2021C, GO, 5.00%, 8/1/2022		20,000		20,367

Series R-2017A, GO, 5.00%, 8/1/2022		270,000		274,957

Series R-2017C, GO, 5.00%, 8/1/2022		125,000		127,295

Series R-2018C, GO, 5.00%, 8/1/2022		130,000		132,387

Series 2021B-R, GO, 5.00%, 1/1/2023		70,000		72,452

Series 2013D, GO, 5.00%, 2/1/2023		10,000		10,382

Series 2014D, GO, 5.00%, 2/1/2023		185,000		192,068

Series 2017D, GO, 5.00%, 2/1/2023		25,000		25,955

Series 2019C, GO, 5.00%, 2/1/2023		45,000		46,719

Series 2016A, GO, 5.00%, 7/1/2023		55,000		57,959

Series R-2015, GO, 5.00%, 7/1/2023		25,000		26,345

Series R-2015C, GO, 5.00%, 7/1/2023		80,000		84,304

Series R-2016B, GO, 5.00%, 7/1/2023		75,000		79,035

Series R-C, GO, 5.00%, 7/1/2023		20,000		21,076

Series 2013A, GO, 5.00%, 7/1/2024		70,000		71,012

Series 2015E, GO, 5.00%, 7/1/2024		25,000		27,191

Series R-2012C, GO, 5.00%, 7/1/2024		160,000		162,313

Series R-C, GO, 5.00%, 7/1/2024		160,000		168,412

Series 2018A, GO, 5.00%, 8/1/2024		40,000		43,622

Series R-2013A, GO, 4.00%, 7/1/2025		190,000		192,013

Series R-2012C, GO, 5.00%, 7/1/2025		310,000		314,482

Series R-2013C, GO, 5.00%, 7/1/2025		50,000		52,588


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Washington — continued

Series 2014A, GO, 5.00%, 8/1/2025		35,000		36,922

Series R-2013C, GO, 4.00%, 7/1/2026		75,000		77,833

Series 2014A, GO, 5.00%, 8/1/2026		70,000		73,844

State of Washington, Vehicle Fuel Tax

Series 2013D, GO, 5.00%, 7/1/2022		35,000		35,518

Series 2017B, GO, 5.00%, 8/1/2022		175,000		178,213

Series 2003F, GO, NATL-RE, Zero Coupon, 12/1/2022		75,000		74,446

Series 2013B, GO, 5.00%, 7/1/2023		120,000		121,699

Series 2013E, GO, 5.00%, 2/1/2024		20,000		20,709

Series 2013E, GO, 5.00%, 2/1/2025		85,000		88,025

Series 2015C, GO, 5.00%, 2/1/2025		100,000		110,595

Tacoma Metropolitan Park District, Unlimited Tax

Series B, GO, 4.00%, 12/1/2022		20,000		20,476

GO, 5.00%, 12/1/2022		140,000		144,377

Series B, GO, 5.00%, 12/1/2022		60,000		61,876

Thurston and Pierce Counties Community Schools, Unlimited Tax GO, 5.00%, 12/1/2024		95,000		104,571

Thurston County School District No. 111 Olympia Series B, GO, 5.00%, 6/1/2022 (b)		365,000		369,015

Thurston County School District No. 33 Tumwater, Unlimited Tax GO, 5.00%, 12/1/2022		55,000		56,740

Tobacco Settlement Authority

Rev., 5.00%, 6/1/2022		325,000		328,350

Rev., 5.00%, 6/1/2024		3,480,000		3,641,378

University of Washington

Series 2015B, Rev., 5.00%, 6/1/2022		45,000		45,502

Rev., 5.00%, 7/1/2022		45,000		45,664

Series 2012A, Rev., 5.00%, 7/1/2022 (b)		245,000		248,567

Series 2015C, Rev., 5.00%, 12/1/2022		115,000		118,665

Series A, Rev., 5.00%, 12/1/2022		75,000		77,391

Rev., 5.00%, 4/1/2023		70,000		73,126

Washington Biomedical Research Properties Series 2015A, Rev., 5.00%, 1/1/2023		60,000		62,061

Washington Economic Development Finance Authority, Washington Biomedical Research Properties II

Series A, Rev., 5.00%, 6/1/2022		270,000		272,997

Rev., 5.00%, 6/1/2023		35,000		36,714


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Washington — continued

Washington Health Care Facilities Authority, Catholic Health Initiatives Series 2013A, Rev., 5.25%, 1/1/2023 (b)		190,000		196,806

Washington Health Care Facilities Authority, Multicare Health System Series B, Rev., 5.00%, 8/15/2023		75,000		79,286

Washington Health Care Facilities Authority, Multi-care Health System

Series 2017B, Rev., 5.00%, 8/15/2022		130,000		132,551

Series A, Rev., 5.00%, 8/15/2022		60,000		61,177

Series B, Rev., 5.00%, 8/15/2024		95,000		103,560

Washington Health Care Facilities Authority, Overlake Hospital Medical Center

Rev., 5.00%, 7/1/2022		105,000		106,486

Series 2017B, Rev., 5.00%, 7/1/2022		90,000		91,274

Rev., 5.00%, 7/1/2023		30,000		31,545

Washington Health Care Facilities Authority, Peacehealth Series 2014A, Rev., 5.00%, 11/15/2022 (b)		25,000		25,718

Washington Health Care Facilities Authority, Providence Health and Services

Series 2012A, Rev., 5.00%, 10/1/2022		60,000		61,498

Series 2012A, Rev., 5.00%, 10/1/2023		205,000		209,681

Series 2012A, Rev., 5.00%, 10/1/2026		275,000		281,248

Washington Health Care Facilities Authority, Seattle Cancer Care Alliance Rev., 5.00%, 3/1/2022		175,000		175,000

Washington Health Care Facilities Authority, Seattle Children’s Hospital Series 2017A, Rev., 5.00%, 10/1/2022		365,000		374,071

Washington Higher Education Facilities Authority, Whitman College Project Rev., 5.00%, 1/1/2023		50,000		51,658

Washington State Housing Finance Commission, Mirabella Project Series 2012A, Rev., 6.75%, 10/3/2022 (b) (e)		4,100,000		4,237,079

Washington State University

Rev., 5.00%, 4/1/2022		50,000		50,183

Series 2012B, Rev., 5.00%, 4/1/2022 (b)		45,000		45,162


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Washington — continued

Rev., 5.00%, 10/1/2022		80,000		81,983

Rev., 5.00%, 4/1/2023		310,000		323,432

Western Washington University, Housing and Dining System

Rev., AGM, 5.00%, 4/1/2022 (b)		25,000		25,090

Rev., AGM, 5.00%, 4/1/2023		50,000		52,067

Whitman County School District No. 267 Pullman, Unlimited Tax GO, 5.00%, 12/1/2022		170,000		175,353

Yakima County School District No. 203 Highland, Unlimited Tax GO, 4.00%, 12/1/2022		25,000		25,605

Yakima County School District No. 208 West Valley GO, 2.00%, 12/1/2022		25,000		25,230

Yakima County School District No. 7 Yakima GO, 5.00%, 12/1/2022		35,000		36,108


Total Washington				57,320,963


West Virginia — 0.2%

Monongalia County Building Commission, Health System Group Rev., 5.00%, 7/1/2022		30,000		30,399

State of West Virginia, Infrastructure Series 2015A, GO, 5.00%, 11/1/2022		25,000		25,711

West Virginia Commissioner of Highways, Surface Transportation Improvements

Series 2017A, Rev., 5.00%, 9/1/2022		520,000		531,387

Series 2018A, Rev., 5.00%, 9/1/2022		235,000		240,146

Series 2017A, Rev., 5.00%, 9/1/2023		270,000		286,055

West Virginia Economic Development Authority, Limited Obligation Lottery Rev., 5.00%, 6/15/2022		210,000		212,476

West Virginia Economic Development Authority, Correctional Juvenile and Public Safety Facilities

Rev., 5.00%, 6/1/2022		1,000,000		1,010,670

Series 2012A, Rev., 5.00%, 6/1/2024		125,000		126,343

Rev., 5.00%, 6/1/2025		530,000		535,562

West Virginia Economic Development Authority, Solid Waste Disposal Facilities, Appalachian Power Co. Amos Project

Series 2009-B, Rev., 2.63%, 6/1/2022 (c)		500,000		501,338

Rev., 0.62%, 12/15/2025 (c)		100,000		95,805


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


West Virginia — continued

West Virginia Hospital Finance Authority, Charleston Area Medical Center Series 2014A, Rev., 5.00%, 9/1/2025		115,000		124,872

West Virginia Hospital Finance Authority, United Health System

Series 2016A, Rev., 5.00%, 6/1/2022		20,000		20,214

Series 2016A, Rev., 5.00%, 6/1/2024		50,000		54,063

West Virginia Housing Development Fund Series 2020B, Rev., 0.30%, 11/1/2022		20,000		19,939

West Virginia State School Building Authority, Lottery

Series 2015A, Rev., 5.00%, 7/1/2022		70,000		70,967

Series 2015A, Rev., 5.00%, 7/1/2023		25,000		26,294

West Virginia State School Building Authority, Lottery Capital Improvement

Series 2013A, Rev., 5.00%, 7/1/2022		30,000		30,415

Series 2012A, Rev., 5.00%, 7/1/2023		100,000		101,335

Series 2013A, Rev., 5.00%, 7/1/2023		75,000		78,881

West Virginia University Project Series 2013A, Rev., 5.00%, 10/1/2022 (b)		190,000		194,722

West Virginia University, University Improvement, West Virginia University Project

Series 2013A, Rev., 5.00%, 10/1/2022 (b)		50,000		51,243

Series 2019A, Rev., 5.00%, 10/1/2022		275,000		281,736

West Virginia Water Development Authority, Infrastructure and Jobs Development Council Program Rev., 2.00%, 10/1/2022		20,000		20,159

West Virginia Water Development Authority, Loan Program II

Series 2016A-II, Rev., 5.00%, 11/1/2022		45,000		46,276

Series A-II, Rev., 5.00%, 11/1/2022		25,000		25,709

Series 2016A-II, Rev., 5.00%, 11/1/2023		250,000		266,296


Total West Virginia				5,009,013


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Wisconsin — 2.0%

Beaver Dam Unified School District Series 2017B, GO, 4.00%, 4/1/2023		35,000		36,118

Beloit School District, School Improvement GO, 3.00%, 4/1/2023 (b)		25,000		25,542

Central Brown County Water Authority Series 2014A, Rev., 5.00%, 11/1/2022		155,000		159,258

City of Appleton

Series 2019A, GO, 3.00%, 4/1/2022		25,000		25,051

Series 2018A, GO, 5.00%, 4/1/2022		25,000		25,092

City of Appleton, Sewerage System Rev., 5.00%, 5/1/2022		25,000		25,183

City of Appleton, Storm Water System Rev., 4.00%, 4/1/2022		50,000		50,141

City of Appleton, Water System Rev., 4.00%, 1/1/2023		50,000		51,288

City of De Pere Series 2019A, GO, 3.00%, 9/1/2022		50,000		50,567

City of Eau Claire Series 2019B, GO, 4.00%, 4/1/2022		60,000		60,169

City of Fond Du Lac Series 2020A, GO, 2.00%, 3/1/2022		50,000		50,000

City of Green Bay Series 2020D, GO, 2.00%, 4/1/2022		300,000		300,354

City of Janesville Series 2020A, GO, 2.00%, 2/1/2023		50,000		50,497

City of Kaukauna, Promissory Note GO, 4.00%, 9/1/2022		100,000		100,263

City of Kenosha, Promissory Notes

Series 2017B, GO, 2.00%, 9/1/2022		50,000		50,331

Series 2018C, GO, 3.00%, 11/1/2022		50,000		50,747

City of Lake Mills, Capital Purpose Series 2014B, GO, 4.00%, 9/1/2022		140,000		142,259

City of Madison

Series 2020B, GO, 2.00%, 10/1/2022		25,000		25,192

Series 2014C, Rev., 5.00%, 12/1/2022		50,000		51,582

Series 2019A, Rev., 5.00%, 1/1/2023		35,000		36,220

City of Madison, Promissory Notes

Series 2017A, GO, 4.00%, 10/1/2022		125,000		127,406

Series 2018A, GO, 4.00%, 10/1/2022		140,000		142,694


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Wisconsin — continued

City of Madison, Water Utility

Rev., 5.00%, 1/1/2023		300,000		310,458

Rev., BAN, 1.50%, 11/1/2024		1,075,000		1,075,114

City of Manitowoc

Rev., 2.00%, 6/1/2022		785,000		785,853

GO, 2.00%, 2/1/2023		320,000		322,945

City of Merrill Series 2019A, GO, 3.00%, 10/1/2022		60,000		60,752

City of Milwaukee, Promissory Notes

Series 2017N4, GO, 5.00%, 4/1/2022		120,000		120,434

Series 2018N4, GO, 5.00%, 4/1/2022		1,735,000		1,741,273

Series 2019N3, GO, 5.00%, 4/1/2022		155,000		155,560

Series 2020N4, GO, 5.00%, 4/1/2022		75,000		75,271

Series 2021N3, GO, 5.00%, 4/1/2022		50,000		50,181

Series 2012N2, GO, 5.00%, 5/1/2022		80,000		80,583

Series N2, GO, 5.00%, 5/15/2022		100,000		100,898

Series 2018 N1, GO, 5.00%, 2/1/2023		1,155,000		1,198,152

Series 2016N2, GO, 4.00%, 3/1/2023		30,000		30,917

Series 2020N4, GO, 5.00%, 4/1/2023		35,000		36,524

Series N4 & B5, GO, 5.00%, 4/1/2023		30,000		31,306

Series 2016N2, GO, 5.00%, 5/15/2023		35,000		36,680

City of Milwaukee, Sewerage System

Series 2013S-5, Rev., 5.00%, 6/1/2022		650,000		657,084

Series 2013 S5, Rev., 5.00%, 6/1/2023		50,000		52,480

Series 2016S7, Rev., 5.00%, 6/1/2023		25,000		26,240

City of Oak Creek

Series 2016C, GO, 3.00%, 10/1/2022		25,000		25,329

Series 2021B, Rev., 2.00%, 4/1/2024		5,020,000		5,053,767

City of Oshkosh, Promissory Notes Series 2017B, GO, 4.00%, 12/1/2022		45,000		46,055


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Wisconsin — 2.0%

City of Oshkosh, Street Improvement

Series 2019A, GO, 0.05%, 12/1/2022		70,000		69,587

Series 2019A, GO, 2.00%, 12/1/2023		200,000		202,543

City of Oshkosh, Wisconsin Sewer System

Series 2019E, Rev., 2.00%, 5/1/2022		20,000		20,047

Series D, Rev., 5.00%, 5/1/2023		25,000		26,126

City of Racine

GO, 3.00%, 12/1/2022		25,000		25,414

GO, 5.00%, 12/1/2022		25,000		25,785

City of Shawano, Promissory Notes GO, 3.00%, 4/1/2022		140,000		140,283

City of Sun Prairie, Corporate Purpose Bonds Series 2018A, GO, 5.00%, 4/1/2022		35,000		35,126

City of Waukesha, Promissory Notes

Series 2021B, GO, 2.00%, 10/1/2022		130,000		130,983

Series 2019C, GO, 3.00%, 10/1/2022		20,000		20,265

Series 2020A, GO, 3.00%, 10/1/2022		65,000		65,860

Series 2015A, GO, 4.00%, 10/1/2022		75,000		76,426

Series 2015A, GO, 4.00%, 10/1/2022 (b)		35,000		35,667

Series B, GO, 4.00%, 10/1/2022		40,000		40,760

City of Wauwatosa Series 2019A, GO, 4.00%, 12/1/2022		75,000		76,781

City of Wisconsin Rapids Series 2020A, GO, 3.00%, 5/1/2022		80,000		80,307

Coleman School District GO, 4.00%, 3/1/2022		75,000		75,000

County of Dane, Capital Improvement Series 2013A, GO, 4.00%, 6/1/2022		50,000		50,422

County of Dane, Corporate Purpose Bonds Series 2019D, GO, 3.00%, 6/1/2023		140,000		143,466

County of Dane, Promissory Notes

Series 2018A, GO, 3.00%, 6/1/2022		25,000		25,149

Series 2019A, GO, 2.00%, 6/1/2023		20,000		20,248

County of Dodge Series 2014A, GO, 4.00%, 3/1/2022		25,000		25,000

County of Eau Claire, Promissory Notes Series 2020A, GO, 5.00%, 9/1/2022		20,000		20,433


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Wisconsin — continued

County of Fond Du Lac, Promissory Notes Series 2019A, GO, 3.00%, 3/1/2025		260,000		271,688

County of Kenosha, Promissory Notes Series 2018A, GO, 4.00%, 9/1/2022		140,000		142,329

County of Milwaukee

Series 2018A, GO, 5.00%, 8/1/2022		50,000		50,895

Series 2019A, GO, 5.00%, 10/1/2022		40,000		40,985

Series 2014A, GO, 3.00%, 12/1/2022		25,000		25,406

Series 2018A, GO, 5.00%, 8/1/2023		75,000		79,162

County of Milwaukee, Corporate Purpose Series 2018D, GO, 3.00%, 8/1/2024		100,000		104,139

County of Rusk GO, 3.00%, 3/1/2022		50,000		50,000

County of Shawano GO, 5.00%, 3/1/2023		50,000		52,008

County of St. Croix, Highway Maintenance Facility Series 2018A, GO, 4.00%, 3/1/2023		30,000		30,938

County of Taylor, Promissory Notes Series 2021A, GO, 2.00%, 10/1/2022		85,000		85,598

County of Waupaca, Highway Facility Building Series 2018A, GO, 5.00%, 3/1/2023		55,000		57,220

County of Winnebago, Promissory Notes GO, 4.00%, 4/1/2022		25,000		25,070

DeForest Area School District GO, 5.00%, 4/1/2023		85,000		88,664

Denmark School District, School Improvement GO, 3.00%, 3/1/2022		60,000		60,000

Ellsworth Community School District GO, 4.00%, 4/1/2022		70,000		70,196

Fond Du Lac School District, Promissory Notes Series 2019A, GO, 3.00%, 4/1/2023		40,000		40,849

Fox Valley Technical College District

Series 2012C, GO, 3.00%, 12/1/2022 (b)		25,000		25,412

Series 2012C, GO, 3.00%, 12/1/2022		50,000		50,827

Fox Valley Technical College District, Promissory Notes Series 2018A, GO, 4.00%, 12/1/2022		60,000		61,439

Franklin Public School District GO, 4.00%, 4/1/2023		25,000		25,840

Gibraltar Area School District, Promissory Notes GO, 4.00%, 3/1/2022		50,000		50,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Wisconsin — continued

Glendale Community Development Authority Series A, Rev., 2.55%, 10/1/2022 (b)		20,000		20,197

Glendale Community Development Authority, Bayshore Public Parking Facility Rev., 2.30%, 10/1/2022 (b)		20,000		20,173

Grafton School District, School Building and Improvement

GO, 5.00%, 4/1/2022		50,000		50,182

GO, 5.00%, 4/1/2023		20,000		20,867

Green Bay Area Public School District, School Building and Improvement

GO, 4.00%, 4/1/2022		75,000		75,213

GO, 4.00%, 4/1/2023		160,000		165,217

Hamilton School District, School Building and Improvement GO, 5.00%, 4/1/2022		80,000		80,291

Holmen School District, School Improvement GO, 3.00%, 4/1/2022		20,000		20,041

Howard-Suamico School District GO, 5.00%, 3/1/2022		45,000		45,000

Kaukauna Area School District, Promissory Notes

GO, 2.50%, 3/1/2022		2,000,000		2,000,000

GO, 3.00%, 3/1/2022		100,000		100,000

Kenosha Unified School District No. 1 GO, 4.00%, 4/1/2022		100,000		100,284

Kohler School District GO, 5.00%, 3/1/2023		30,000		31,202

Madison Area Technical College, Promissory Notes

Series E, GO, 2.00%, 3/1/2022		50,000		50,000

Series 2017-18B, GO, 4.00%, 3/1/2022		60,000		60,000

Marathon City School District GO, 3.00%, 5/1/2022		40,000		40,159

Marinette School District, Promissory Notes

GO, 3.00%, 3/1/2022		100,000		100,000

GO, 3.00%, 3/1/2023		30,000		30,580

Mauston School District GO, AGM, 4.00%, 3/1/2022		30,000		30,000

Mayville School District, School Building and Improvement GO, 3.00%, 3/1/2022		25,000		25,000

Menasha Joint School District Series 2013A, GO, 4.00%, 3/1/2022		25,000		25,000


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Wisconsin — continued

Middleton-Cross Plains Area School District, School Building and Improvement

Series 2019A, GO, 5.00%, 3/1/2022		40,000		40,000

Series 2019A, GO, 5.00%, 3/1/2023		35,000		36,441

Milton School District GO, 5.00%, 3/1/2023		85,000		88,370

Milwaukee Area Technical College District, Promissory Notes

Series 2019-19J, GO, 3.00%, 6/1/2022		100,000		100,589

Series G, GO, 3.00%, 6/1/2022		20,000		20,118

Series 2018-2019C, GO, 4.00%, 6/1/2022		355,000		357,967

Series C, GO, 4.00%, 6/1/2022		50,000		50,418

Series 2018-19C, GO, 4.00%, 6/1/2023		100,000		103,674

Series B, GO, 4.00%, 6/1/2023		25,000		25,918

Milwaukee Metropolitan Sewerage District, Promissory Notes Series 2015A, GO, 4.00%, 10/1/2022		115,000		117,206

Milwaukee Metropolitan Sewerage District, Sewer System

Series 2020A, GO, 3.00%, 10/1/2022		100,000		101,340

Series 2017A, GO, 5.00%, 10/1/2022		110,000		112,747

Milwaukee Redevelopment Authority, Public Schools

Rev., 5.00%, 11/15/2022		415,000		427,106

Series 2016A, Rev., 5.00%, 11/15/2022		25,000		25,729

Rev., NATL-RE, 4.00%, 8/1/2023		400,000		416,715

Rev., 5.00%, 11/15/2023		130,000		138,028

Series 2016A, Rev., 5.00%, 11/15/2023		40,000		42,470

Rev., 5.00%, 11/15/2024		125,000		136,638

Monona Grove School District

GO, 2.00%, 5/1/2022		140,000		140,319

GO, 2.00%, 5/1/2023		55,000		55,620

New Berlin School District GO, 2.00%, 3/1/2023		50,000		50,492

Northcentral Technical College District, Promissory Notes GO, 4.00%, 3/1/2023		75,000		77,269

Northeast Wisconsin Technical College District, Promissory Notes

Series 2020B, GO, 2.00%, 4/1/2022		25,000		25,031


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Wisconsin — continued

Series 2017B, GO, 4.00%, 4/1/2022		45,000		45,128

Series 2015C, GO, 3.00%, 4/1/2023		25,000		25,547

Northern Ozaukee School District, Promissory Notes GO, 4.00%, 3/1/2022		185,000		185,000

Oak Creek-Franklin Joint School District GO, 5.00%, 4/1/2022		40,000		40,145

Oconomowoc Area School District, Corporate Purpose GO, 4.00%, 4/1/2022		40,000		40,113

Pewaukee School District

GO, 4.00%, 3/1/2022		55,000		55,000

Series 2019B, GO, 5.00%, 9/1/2023		50,000		52,865

Public Finance Authority, Coral Academy of Science Series 2021A, Rev., 4.00%, 7/1/2025		315,000		330,884

Public Finance Authority, Entrance Fee Principal Redemption, Searstone CCRC Project Series 2021B2, Rev., 2.25%, 6/1/2027		1,975,000		1,919,467

Public Finance Authority, KU Campus Development Corp.— Central District Development Project

Rev., 5.00%, 3/1/2022		50,000		50,000

Rev., 5.00%, 3/1/2023		145,000		150,970

Rev., 5.00%, 3/1/2025		160,000		176,643

Public Finance Authority, Renown Regional Medical Center Project

Series 2016A, Rev., 5.00%, 6/1/2023		100,000		104,922

Series 2015A, Rev., 5.00%, 6/1/2025		145,000		161,274

Public Finance Authority, Retirement Housing Foundation, Distribution System Series 2017B, Rev., 5.00%, 11/15/2022		25,000		25,665

Public Finance Authority, Searstone CCRC Project Series 2020A, Rev., 8.63%, 6/1/2022 (b)		1,295,000		1,320,019

Public Finance Authority, Voyager Foundation Inc., Project Series 2012A, Rev., 6.20%, 10/1/2022 (b)		325,000		335,119

Racine Unified School District GO, 2.00%, 4/1/2022		30,000		30,037

Richland School District GO, 2.50%, 10/1/2022		25,000		25,226

River Falls School District, Corporate Purpose Series 2018A, GO, 5.00%, 4/1/2023		40,000		41,729


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Wisconsin — continued

River Falls School District, School Building and Improvement Series 2019A, GO, 3.00%, 4/1/2023		25,000		25,544

School District of Maple Series 2015A, GO, 5.00%, 4/1/2023		30,000		31,280

Sevastopol School District, Promissory Notes

GO, 4.00%, 3/1/2024		985,000		1,038,626

GO, 4.00%, 3/1/2025		625,000		672,886

State of Wisconsin

Series 1, GO, 2.45%, 5/1/2022 (b)		25,000		25,078

Series 2014A, GO, 3.00%, 5/1/2022 (b)		25,000		25,102

Series 2, GO, 4.00%, 5/1/2022 (b)		115,000		115,658

Series 2013A, GO, 4.00%, 5/1/2022 (b)		50,000		50,286

Series 2012-1, GO, 5.00%, 5/1/2022 (b)		20,000		20,147

Series 2013-1, GO, 5.00%, 5/1/2022		180,000		181,308

Series 2013A, GO, 5.00%, 5/1/2022 (b)		140,000		141,029

Series 2014-2, GO, 5.00%, 5/1/2022 (b)		95,000		95,699

Series 2014A, GO, 5.00%, 5/1/2022		25,000		25,182

Series 2014A, GO, 5.00%, 5/1/2022 (b)		100,000		100,735

Series 2014B, GO, 5.00%, 5/1/2022 (b)		145,000		146,066

Series 2015A, GO, 5.00%, 5/1/2022		25,000		25,182

Series 2015C, GO, 5.00%, 5/1/2022		55,000		55,400

Series 2016B, GO, 5.00%, 5/1/2022		55,000		55,400

Series 2016D, GO, 5.00%, 5/1/2022		185,000		186,345

Series 2017A, GO, 5.00%, 5/1/2022		75,000		75,545

Series 2016-2, GO, 1.50%, 11/1/2022		75,000		75,352

Series 2, GO, 4.00%, 11/1/2022		310,000		316,574

Series 2014-3, GO, 4.00%, 11/1/2022		70,000		71,484

GO, 5.00%, 11/1/2022		290,000		298,065

Series 2, GO, 5.00%, 11/1/2022		125,000		128,476

Series 2014-3, GO, 5.00%, 11/1/2022		145,000		149,033

Series 2014-3, GO, 5.00%, 11/1/2022 (b)		300,000		308,445

Series 2016-1, GO, 5.00%, 11/1/2022		105,000		107,920


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Wisconsin — continued

Series 2017-2, GO, 5.00%, 11/1/2022		100,000		102,781

Series 1, GO, 5.00%, 5/1/2023 (b)		25,000		26,162

Series 2013-1, GO, 5.00%, 5/1/2023		25,000		26,165

Series 2015A, GO, 5.00%, 5/1/2023		135,000		141,275

Series 2015C, GO, 5.00%, 5/1/2023		70,000		73,262

Series 2017A, GO, 5.00%, 5/1/2023		20,000		20,932

Series 2018A, GO, 5.00%, 5/1/2023		25,000		26,165

Series 2018A, GO, 5.00%, 5/1/2023 (b)		135,000		141,275

Series 2018B, GO, 5.00%, 5/1/2023 (b)		220,000		230,225

Series 2021A, GO, 5.00%, 5/1/2023		25,000		26,165

Series 2014-3, GO, 5.00%, 11/1/2023		100,000		102,614

Series 1, GO, 5.00%, 5/1/2024		40,000		41,897

Series 4, GO, 5.00%, 5/1/2025		40,000		43,908

State of Wisconsin, Clean Water Fund Series 2013-1, Rev., 5.00%, 6/1/2023 (b)		30,000		31,484

State of Wisconsin, Clean Water Fund Leveraged Loan Portfolio

Series 2013-1, Rev., 4.00%, 6/1/2022 (b)		100,000		100,841

Series 2012-2, Rev., 5.00%, 6/1/2022 (b)		240,000		242,609

Series 1, Rev., 5.00%, 6/1/2023 (b)		100,000		104,948

Series 2015-1, Rev., 5.00%, 6/1/2023 (b)		110,000		115,442

State of Wisconsin, Environmental Improvement Fund

Series 2017A, Rev., 5.00%, 6/1/2022		85,000		85,942

Series 2017A, Rev., 5.00%, 6/1/2023		20,000		21,010

Series 2018A, Rev., 5.00%, 6/1/2023		50,000		52,525

State of Wisconsin, Master Lease Series 2021A, COP, 4.00%, 3/1/2023		30,000		30,929

Tender Option Bond Trust Receipts/Certificates Series 2020-XL0147, Rev., VRDO, AGM, LOC: Barclays Bank plc, 0.24%, 3/9/2022 (c)(e)		10,640,000		10,640,000

Town of Liberty Grove, Promissory Notes GO, 4.00%, 9/1/2022		20,000		20,306


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Wisconsin — continued

University of Wisconsin, Hospitals and Clinics

Series 2013A, Rev., 5.00%, 4/1/2022 (b)		25,000		25,090

Series 2013A, Rev., 4.00%, 4/1/2023 (b)		780,000		805,518

Series 2013A, Rev., 5.00%, 4/1/2023 (b)		505,000		526,937

Series 2013A, Rev., 5.00%, 4/1/2023 (b)		115,000		119,996

Verona Area School District, Corporate Purpose GO, 5.00%, 4/1/2022		25,000		25,092

Verona Area School District, School Building and Improvement GO, 5.00%, 4/1/2022		25,000		25,092

Village of Ephraim, Street Improvement Series 2018A, GO, 5.00%, 3/1/2022		30,000		30,000

Village of Fox Crossing, Corporate Purpose GO, 3.00%, 4/1/2024		185,000		191,665

Village of Jackson Series 2017A, GO, 2.00%, 12/1/2022		35,000		35,274

Village of Menomonee Falls, Corporate Purpose

Series B, GO, 3.50%, 2/1/2023		155,000		158,522

Series B, GO, 3.50%, 2/1/2024		245,000		255,583

Village of Menomonee Falls, Promissory Notes GO, 3.00%, 6/1/2022		25,000		25,145

Village of Pleasant Prairie Series 2014A, GO, 5.00%, 9/1/2022		150,000		153,315

Walworth County Joint School District No. 2 Genoa — Bloomfield, School Improvement GO, 4.00%, 4/1/2023		20,000		20,630

Waterford Graded Joint School District No. 1 GO, 3.00%, 4/1/2022		50,000		50,101

Waterford Graded Joint School District No. 1, Promissory Notes GO, 3.00%, 4/1/2023		25,000		25,512

Waukesha County Area Technical College District, Promissory Notes Series 2021B, GO, 1.13%, 4/1/2022		510,000		510,268

Waukesha School District GO, 3.00%, 4/1/2022		20,000		20,041

Waukesha School District, Promissory Notes GO, 3.00%, 4/1/2023		50,000		51,078

Waunakee Community School District, School Building Series 2015A, GO, 5.00%, 4/1/2023		200,000		208,555

Wausau School District, Promissory Notes GO, 4.00%, 3/1/2023		25,000		25,766


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Wisconsin — continued

Wauwatosa School District, School Building and Improvement

Series 2019B, GO, 5.00%, 9/1/2022		200,000		204,329

Series 2019A, GO, 3.00%, 3/1/2023		50,000		51,038

West Salem School District GO, 1.25%, 4/1/2022		200,000		200,117

Western Technical College District Series 2017B, GO, 3.00%, 4/1/2022		50,000		50,099

Whitnall School District, Promissory Notes GO, 4.00%, 3/1/2022		25,000		25,000

Wisconsin Center District, Capital Appreciation Series 1996A, Rev., NATL-RE, Zero Coupon, 12/15/2022		90,000		88,976

Wisconsin Department of Transportation

Series 2014-1, Rev., 4.50%, 7/1/2022 (b)		220,000		222,841

Series 1, Rev., 5.00%, 7/1/2022 (b)		605,000		613,809

Series 1, Rev., 5.00%, 7/1/2022		495,000		502,274

Series 2, Rev., 5.00%, 7/1/2022 (b)		215,000		218,131

Series 2, Rev., 5.00%, 7/1/2022		210,000		213,086

Series 2014-1, Rev., 5.00%, 7/1/2022 (b)		80,000		81,165

Series 2015-1, Rev., 5.00%, 7/1/2022		45,000		45,661

Series 2015A, Rev., 5.00%, 7/1/2022		115,000		116,690

Series 2017-1, Rev., 5.00%, 7/1/2022		420,000		426,172

Series 1, Rev., 5.00%, 7/1/2023 (b)		95,000		100,046

Series 2, Rev., 5.00%, 7/1/2023		245,000		258,115

Series 2013-1, Rev., 5.00%, 7/1/2023 (b)		25,000		26,328

Series 2017-1, Rev., 5.00%, 7/1/2023		10,000		10,535

Wisconsin Health & Educational Facilities Authority Rev., 5.00%, 4/1/2023		650,000		678,594

Wisconsin Health and Educational Facilities Authority, Advocate Aurora Health Credit Rev., 5.00%, 1/29/2025 (c)		25,000		27,523

Wisconsin Health and Educational Facilities Authority, Beloit Health System, Inc. Rev., 4.00%, 7/1/2022		25,000		25,272

Wisconsin Health and Educational Facilities Authority, Gundersen Lutheran Rev., 3.00%, 11/15/2022		20,000		20,304

Wisconsin Health and Educational Facilities Authority, Medical College of Wisconsin Rev., 5.00%, 12/1/2022		55,000		56,728


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Wisconsin — continued

Wisconsin Health and Educational Facilities Authority, Advocate Aurora Health Credit Group

Series 2018B-2, Rev., 5.00%, 1/25/2023 (c)		1,040,000		1,076,117

Series 2018B-3, Rev., 5.00%, 1/31/2024 (c)		1,075,000		1,157,807

Wisconsin Health and Educational Facilities Authority, Agnesian Healthcare, Inc.

Rev., 5.00%, 7/1/2022		55,000		55,788

Rev., 5.00%, 7/1/2023		300,000		315,648

Wisconsin Health and Educational Facilities Authority, Ascension Health Alliance Senior Credit Group

Series 2013A, Rev., 4.50%, 11/15/2023 (b)		275,000		290,643

Series 2013B-5, Rev., 5.00%, 12/3/2024 (c)		105,000		114,938

Wisconsin Health and Educational Facilities Authority, Ascension Health Credit

Series 2013B-1, Rev., 4.00%, 11/15/2022		50,000		51,141

Series 2013A, Rev., 5.00%, 11/15/2023 (b)		20,000		21,306

Wisconsin Health and Educational Facilities Authority, Ascension Senior Credit Group

Series 2016A, Rev., 5.00%, 11/15/2022		165,000		169,896

Series 2019A, Rev., 5.00%, 11/15/2024		250,000		274,745

Wisconsin Health and Educational Facilities Authority, Aspirus, Inc., Obligated Group

Rev., 5.00%, 8/15/2022		40,000		40,774

Rev., 5.00%, 8/15/2023		100,000		105,640

Rev., 5.00%, 8/15/2024		100,000		108,782

Rev., 5.00%, 8/15/2025		100,000		111,867

Wisconsin Health and Educational Facilities Authority, Aspirus, Inc., Obligation Group

Rev., 5.00%, 8/15/2022		25,000		25,483

Series 2015A, Rev., 5.00%, 8/15/2022		25,000		25,484

Wisconsin Health and Educational Facilities Authority, Aurora Health Care, Inc. Series 2013A, Rev., 5.25%, 4/15/2023 (b)		125,000		130,928


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Municipal Bonds — continued

Wisconsin — continued

Wisconsin Health and Educational Facilities Authority, Hospital Sisters Services, Inc., Obligated Group

Rev., 5.00%, 11/15/2022		835,000		859,358

Series 2014A, Rev., 5.00%, 11/15/2023		135,000		143,738

Rev., 5.00%, 11/15/2025		355,000		389,640

Series 2014A, Rev., 5.00%, 11/15/2026		65,000		71,306

Wisconsin Health and Educational Facilities Authority, Marquette University

Rev., 5.00%, 10/1/2022		835,000		855,157

Rev., 5.00%, 10/1/2024		50,000		51,081

Wisconsin Health and Educational Facilities Authority, Marshfield Clinic Health System, Inc. Series 2016B, Rev., 5.00%, 2/15/2023		80,000		83,002

Wisconsin Health and Educational Facilities Authority, Mercy Alliance, Inc.

Rev., 5.00%, 6/1/2022		330,000		333,605

Rev., 5.00%, 6/1/2026		160,000		161,703

Wisconsin Health and Educational Facilities Authority, Oakwood Lutheran Senior Ministries

Rev., 4.00%, 1/1/2023		125,000		126,922

Rev., 4.00%, 1/1/2024		160,000		164,786

Rev., 4.00%, 1/1/2025		210,000		219,019

Wisconsin Health and Educational Facilities Authority, The Monroe Clinic, Inc.

Rev., 3.00%, 8/15/2025 (b)		25,000		26,275

Rev., 4.00%, 8/15/2025 (b)		30,000		32,567

Wisconsin Health and Educational Facilities Authority, Thedacare, Inc.

Rev., 5.00%, 12/15/2022		35,000		36,132

Rev., 5.00%, 12/15/2023		120,000		128,003

Wisconsin Health and Educational Facilities Authority, Unity Point Health

Series 2014A, Rev., 5.00%, 12/1/2024		185,000		202,869

Series 2014A, Rev., 5.00%, 12/1/2025		285,000		312,371

Wisconsin Health and Educational Facilities Authority, Unitypoint Health Series 2014A, Rev., 5.00%, 12/1/2022		105,000		108,266

WPPI Energy Power Supply System

Series 2013A, Rev., 5.00%, 7/1/2022		1,265,000		1,282,352


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Wisconsin — continued

Series 2016A, Rev., 5.00%, 7/1/2022		225,000		228,086

Series 2018A, Rev., 5.00%, 7/1/2022		140,000		141,920

Series 2013A, Rev., 5.00%, 7/1/2024		465,000		489,701

Series 2018A, Rev., 5.00%, 7/1/2024		90,000		97,132

Series 2013A, Rev., 4.00%, 7/1/2026		450,000		466,205

Wrightstown Community School District GO, 5.00%, 3/1/2022		25,000		25,000


Total Wisconsin				63,187,422


Wyoming — 0.0% (g)

Albany County School District No. 1 GO, 4.00%, 6/1/2023		20,000		20,725

Carbon County School District No. 1 Rawlins Building

GO, 3.38%, 6/15/2022 (b)		25,000		25,198

GO, 4.50%, 6/15/2022 (b)		130,000		131,450

University of Wyoming, Facilities Improvement

Series 2012A, Rev., 5.00%, 6/1/2022 (b)		75,000		75,825

Series 2012B, Rev., 5.00%, 6/1/2022 (b)		25,000		25,275

Wyoming State Loan and Investment Board, Capital Facilities

Series 2012A, Rev., 4.00%, 10/1/2022		25,000		25,478

Series 2012A, Rev., 5.00%, 10/1/2023		30,000		30,687


Total Wyoming				334,638


Total Municipal Bonds (Cost $2,863,343,958)				2,852,230,545


	SHARES
Short-Term Investments — 9.3%

Investment Companies — 9.3%

JPMorgan Institutional Tax Free Money Market Fund Class IM Shares, 0.04% (h)(i) (Cost $288,388,611)		288,303,256		288,389,747


Total Investments — 100.8% (Cost $3,151,732,569)				3,140,620,292

Liabilities in Excess of Other Assets — (0.8)%				(24,000,426)


NET ASSETS — 100.0%				3,116,619,866

Percentages indicated are based on net assets.

Abbreviations


AGC		Insured by Assured Guaranty Corp.
AGM		Insured by Assured Guaranty Municipal Corp.
AMBAC		Insured by American Municipal Bond Assurance Corp.
BAN		Bond Anticipation Note
COLL		Collateral
COP		Certificate of Participation
CR		Custodial Receipts
FGIC		Insured by Financial Guaranty Insurance Co.
FHA		Federal Housing Administration
FHLMC		Federal Home Loan Mortgage Corp.
FNMA		Federal National Mortgage Association
GAN		Grant Anticipation Note
GNMA		Government National Mortgage Association
GO		General Obligation
GTD		Guaranteed
IBC		Insured Bond Certificates
ICE		Intercontinental Exchange
LIBOR		London Interbank Offered Rate
LIQ		Liquidity Agreement
LOC		Letter of Credit
MTA		Metropolitan Transportation Authority
NATL		Insured by National Public Finance Guarantee Corp.
PSF-GTD		Permanent School Fund Guaranteed
Q-SBLF		Qualified School Bond Loan Fund
RAN		Revenue Anticipation Note
RE		Reinsured
Rev.		Revenue
SCSDE		South Carolina School District Enhancement
SIFMA		The Securities Industry and Financial Markets Association
TAN		Tax Anticipation Note
TRAN		Tax & Revenue Anticipation Note
USD		United States Dollar
VRDO		Variable Rate Demand Obligation
XLCA		Insured by XL Capital Assurance

(a)		The date shown represents the earliest of the prerefunded date, next put date or final maturity date.
(b)		Security is prerefunded or escrowed to maturity.
(c)		Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of February 28, 2022.
(d)		Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of February 28, 2022.
(e)		Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended.
(f)		All or a portion of the security is a when-issued security, delayed delivery security, or forward commitment.
(g)		Amount rounds to less than 0.1% of net assets.
(h)		Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.
(i)		The rate shown is the current yield as of February 28, 2022.


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Foreign Government Securities — 85.1%

Azerbaijan — 0.9%

Republic of Azerbaijan

4.75%, 3/18/2024 (a)		256,000		258,048

3.50%, 9/1/2032 (a)		387,000		361,555

3.50%, 9/1/2032 (b)		1,000		934


				620,537


Bahrain — 4.7%

CBB International Sukuk Programme Co. SPC

6.25%, 11/14/2024 (a)		207,000		219,329

4.50%, 3/30/2027 (b)		389,000		396,367

Kingdom of Bahrain

6.13%, 8/1/2023 (a)		572,000		592,842

7.00%, 1/26/2026 (a)		189,000		202,679

7.00%, 1/26/2026 (b)		121,000		129,757

7.00%, 10/12/2028 (b)		402,000		425,115

6.75%, 9/20/2029 (a)		200,000		204,850

5.63%, 9/30/2031 (a)		334,000		314,545

5.45%, 9/16/2032 (a)		484,000		445,280

5.25%, 1/25/2033 (a)		200,000		177,250

6.00%, 9/19/2044 (a)		228,000		191,349


				3,299,363


Bolivia, Plurinational State of — 0.3%

Plurinational State of Bolivia

4.50%, 3/20/2028 (a)		200,000		173,975


Brazil — 6.3%

Federative Republic of Brazil

8.88%, 4/15/2024		339,000		388,007

4.25%, 1/7/2025		227,000		235,839

6.00%, 4/7/2026		589,000		649,115

4.63%, 1/13/2028		480,000		486,540

4.50%, 5/30/2029		310,000		304,827

8.25%, 1/20/2034		420,000		523,635

7.13%, 1/20/2037		342,000		392,295

5.63%, 1/7/2041		140,000		135,432

5.00%, 1/27/2045		265,000		233,747

5.63%, 2/21/2047		342,000		322,399

4.75%, 1/14/2050		871,000		723,093


				4,394,929


Chile — 1.4%

Republic of Chile

2.75%, 1/31/2027		200,000		199,800

2.45%, 1/31/2031		393,000		369,248

3.86%, 6/21/2047		200,000		194,288


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Chile — continued

3.50%, 4/15/2053		200,000		178,537


				941,873


China — 0.6%

People’s Republic of China

1.95%, 12/3/2024 (a)		200,000		201,204

3.50%, 10/19/2028 (a)		200,000		217,725


				418,929


Colombia — 5.8%

Republic of Colombia

4.00%, 2/26/2024		200,000		203,100

8.13%, 5/21/2024		195,000		214,963

4.50%, 3/15/2029		1,122,000		1,080,486

3.00%, 1/30/2030		222,000		190,823

3.25%, 4/22/2032		232,000		194,184

7.38%, 9/18/2037		204,000		226,096

6.13%, 1/18/2041		196,000		189,422

4.13%, 2/22/2042		206,000		160,268

5.63%, 2/26/2044		200,000		179,412

5.00%, 6/15/2045		637,000		528,431

5.20%, 5/15/2049		1,053,000		886,363


				4,053,548


Costa Rica — 1.3%

Republic of Costa Rica

6.13%, 2/19/2031 (a)		200,000		197,975

7.00%, 4/4/2044 (a)		494,000		473,406

7.16%, 3/12/2045 (a)		237,000		230,083


				901,464


Croatia — 0.4%

Republic of Croatia

6.00%, 1/26/2024 (b)		265,000		281,563


Dominican Republic — 5.6%

Dominican Republic Government Bond

5.50%, 1/27/2025 (a)		100,000		104,000

6.88%, 1/29/2026 (a)		402,000		438,180

5.95%, 1/25/2027 (a)		300,000		312,000

5.95%, 1/25/2027 (b)		198,000		205,920

6.00%, 7/19/2028 (b)		208,000		214,604

6.00%, 7/19/2028 (a)		49,000		50,556

4.50%, 1/30/2030 (a)		550,000		507,306

4.88%, 9/23/2032 (a)		274,000		248,963

7.45%, 4/30/2044 (b)		302,000		316,402

7.45%, 4/30/2044 (a)		128,000		134,104


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Foreign Government Securities — continued

Dominican Republic — continued

6.85%, 1/27/2045 (b)		357,000		348,811

6.85%, 1/27/2045 (a)		104,000		101,615

6.40%, 6/5/2049 (a)		308,000		284,092

6.40%, 6/5/2049 (b)		305,000		281,324

5.88%, 1/30/2060 (a)		435,000		366,025


				3,913,902


Egypt — 1.2%

Arab Republic of Egypt

5.58%, 2/21/2023 (a)		1,000		1,008

5.88%, 6/11/2025 (a)		330,000		322,575

7.50%, 1/31/2027 (a)		25,000		24,000

8.70%, 3/1/2049 (a)		384,000		300,480

8.88%, 5/29/2050 (a)		256,000		201,600


				849,663


Ethiopia — 0.2%

Federal Democratic Republic of Ethiopia

6.63%, 12/11/2024 (b)		200,000		149,475


Gabon — 0.3%

Gabonese Republic

6.63%, 2/6/2031 (a)		200,000		181,850


Hungary — 1.1%

Hungary Government Bond

5.75%, 11/22/2023		100,000		105,399

5.38%, 3/25/2024		200,000		211,216

7.63%, 3/29/2041		200,000		289,080

3.13%, 9/21/2051 (a)		200,000		164,475


				770,170


India — 0.3%

Export-Import Bank of India

3.25%, 1/15/2030 (a)		249,000		239,062


Indonesia — 2.2%

Perusahaan Penerbit SBSN Indonesia III

4.15%, 3/29/2027 (b)		200,000		211,537

Republic of Indonesia

3.85%, 7/18/2027 (a)		473,000		496,295

4.10%, 4/24/2028		200,000		213,600

8.50%, 10/12/2035 (a)		104,000		152,185

6.63%, 2/17/2037 (b)		145,000		182,908

3.05%, 3/12/2051		271,000		241,559


				1,498,084


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Iraq — 0.8%

Republic of Iraq

5.80%, 1/15/2028 (a)		390,000		373,864

5.80%, 1/15/2028 (b)		187,500		179,742


				553,606


Ivory Coast — 0.3%

Republic of Cote d’Ivoire

6.13%, 6/15/2033 (b)		210,000		202,099


Jamaica — 1.7%

Jamaica Government Bond

6.75%, 4/28/2028		510,000		562,052

8.00%, 3/15/2039		4,000		5,244

7.88%, 7/28/2045		471,000		617,246


				1,184,542


Jordan — 1.2%

Hashemite Kingdom of Jordan

6.13%, 1/29/2026(b)		346,000		353,525

5.85%, 7/7/2030 (a)		536,000		502,500


				856,025


Kazakhstan — 0.9%

Republic of Kazakhstan

3.88%, 10/14/2024 (b)		350,000		363,125

4.88%, 10/14/2044(a)		280,000		280,000


				643,125


Kenya — 1.8%

Republic of Kenya

6.88%, 6/24/2024 (a)		302,000		312,570

7.25%, 2/28/2028 (b)		355,000		335,475

7.25%, 2/28/2028 (a)		296,000		279,720

8.25%, 2/28/2048 (a)		335,000		289,775


				1,217,540


Kuwait — 0.6%

State of Kuwait

3.50%, 3/20/2027 (b)		200,000		211,350

3.50%, 3/20/2027 (a)		200,000		211,350


				422,700


Malaysia — 0.8%

Malaysia Sovereign Sukuk Bhd.

3.04%, 4/22/2025 (a)		566,000		582,556


Mexico — 2.0%

United Mexican States

4.13%, 1/21/2026		261,000		276,269


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Foreign Government Securities — continued

Mexico — continued

4.50%, 4/22/2029		200,000		212,100

2.66%, 5/24/2031		235,000		215,377

8.30%, 8/15/2031		16,000		22,328

6.05%, 1/11/2040		86,000		97,997

4.60%, 1/23/2046		528,000		506,880

5.75%, 10/12/2110		78,000		79,560


				1,410,511


Morocco — 1.1%

Kingdom of Morocco

3.00%, 12/15/2032 (a)		200,000		173,000

4.00%, 12/15/2050 (a)		713,000		559,705


				732,705


Nigeria — 2.5%

Federal Republic of Nigeria

7.63%, 11/21/2025 (a)		250,000		265,000

6.50%, 11/28/2027 (a)		263,000		249,850

7.14%, 2/23/2030 (a)		206,000		192,095

7.38%, 9/28/2033 (a)		200,000		178,225

7.70%, 2/23/2038 (a)		451,000		381,095

7.63%, 11/28/2047(a)		600,000		484,500


				1,750,765


Oman — 6.0%

Oman Sovereign Sukuk SAOC

4.40%, 6/1/2024 (a)		546,000		558,968

5.93%, 10/31/2025 (a)		333,000		359,640

4.88%, 6/15/2030 (a)		201,000		210,296

Sultanate of Oman Government Bond

4.75%, 6/15/2026 (b)		268,000		267,330

5.38%, 3/8/2027 (b)		379,000		382,790

6.00%, 8/1/2029 (a)		248,000		253,580

6.00%, 8/1/2029 (b)		221,000		225,972

6.25%, 1/25/2031 (a)		1,156,000		1,193,570

6.50%, 3/8/2047 (b)		229,000		212,970

6.75%, 1/17/2048 (a)		350,000		333,375

7.00%, 1/25/2051 (a)		200,000		197,000


				4,195,491


Pakistan — 1.7%

Islamic Republic of Pakistan

8.25%, 4/15/2024 (a)		270,000		273,848

6.00%, 4/8/2026 (a)		310,000		282,909

6.88%, 12/5/2027 (a)		200,000		184,975

6.88%, 12/5/2027 (b)		142,000		131,332


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Pakistan — continued

7.38%, 4/8/2031 (a)		336,000		288,157


				1,161,221


Panama — 1.7%

Republic of Panama

3.88%, 3/17/2028		207,000		213,184

3.16%, 1/23/2030		200,000		196,287

2.25%, 9/29/2032		231,000		204,117

6.70%, 1/26/2036		72,000		88,484

4.30%, 4/29/2053		296,000		277,371

3.87%, 7/23/2060		214,000		182,943


				1,162,386


Paraguay — 1.0%

Republic of Paraguay

4.95%, 4/28/2031 (a)		200,000		207,537

6.10%, 8/11/2044 (a)		262,000		282,027

5.40%, 3/30/2050 (a)		200,000		195,850


				685,414


Peru — 1.8%

Republic of Peru

7.35%, 7/21/2025		321,000		368,207

4.13%, 8/25/2027		232,000		244,296

2.78%, 1/23/2031		192,000		182,016

1.86%, 12/1/2032		4,000		3,426

3.00%, 1/15/2034		8,000		7,372

6.55%, 3/14/2037		54,000		68,354

5.63%, 11/18/2050		66,000		82,450

2.78%, 12/1/2060		123,000		93,580

3.23%, 7/28/2121		291,000		214,667


				1,264,368


Philippines — 2.1%

Republic of Philippines

10.63%, 3/16/2025		202,000		251,007

9.50%, 2/2/2030		104,000		148,861

2.46%, 5/5/2030		1,000		950

6.38%, 1/15/2032		159,000		198,768

6.38%, 10/23/2034		196,000		249,922

3.95%, 1/20/2040		200,000		197,272

3.70%, 3/1/2041		200,000		190,772

3.70%, 2/2/2042		200,000		190,772


				1,428,324


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Foreign Government Securities — continued

Poland — 0.5%

Republic of Poland

4.00%, 1/22/2024		210,000		216,476

3.25%, 4/6/2026		151,000		155,684


				372,160


Qatar — 2.3%

State of Qatar

3.38%, 3/14/2024 (a)		450,000		462,375

4.00%, 3/14/2029 (a)		212,000		230,550

9.75%, 6/15/2030 (a)		80,000		120,200

6.40%, 1/20/2040 (a)		150,000		207,563

4.63%, 6/2/2046 (b)		276,000		323,265

5.10%, 4/23/2048 (a)		200,000		250,750


				1,594,703


Romania — 0.8%

Romania Government Bond

3.00%, 2/14/2031 (a)		266,000		244,055

6.13%, 1/22/2044 (a)		32,000		36,480

5.13%, 6/15/2048 (b)		106,000		107,590

4.00%, 2/14/2051 (a)		204,000		172,380


				560,505


Russia — 0.7%

Russian Federation

4.88%, 9/16/2023 (a)		200,000		60,000

12.75%, 6/24/2028 ‡ (a)		32,000		17,600

7.50%, 3/31/2030 (a) (c)		324,153		97,246

5.10%, 3/28/2035 (b)		200,000		60,000

5.10%, 3/28/2035 (a)		400,000		120,000

5.25%, 6/23/2047 (a)		200,000		60,000

5.25%, 6/23/2047 (b)		200,000		60,000


				474,846


Saudi Arabia — 3.2%

Kingdom of Saudi Arabia

2.88%, 3/4/2023 (a)		28,000		28,378

4.00%, 4/17/2025 (a)		495,000		521,606

3.63%, 3/4/2028 (a)		110,000		116,188

4.50%, 4/17/2030 (b)		282,000		316,193

2.25%, 2/2/2033 (a)		200,000		188,500

4.63%, 10/4/2047 (a)		254,000		279,082

4.63%, 10/4/2047 (b)		247,000		271,391

3.25%, 11/17/2051 (a)		200,000		179,250

4.50%, 4/22/2060 (a)		270,000		299,025


				2,199,613


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Serbia — 0.3%

Republic of Serbia

2.13%, 12/1/2030 (a)		230,000		190,325


South Africa — 4.4%

Republic of South Africa

4.67%, 1/17/2024		481,000		494,317

5.88%, 9/16/2025		262,000		279,243

4.30%, 10/12/2028		393,000		377,108

4.85%, 9/30/2029		400,000		390,075

5.88%, 6/22/2030		472,000		493,771

5.38%, 7/24/2044		200,000		173,850

5.00%, 10/12/2046		412,000		335,600

5.65%, 9/27/2047		349,000		299,006

5.75%, 9/30/2049		274,000		235,948


				3,078,918


Trinidad and Tobago — 0.3%

Republic of Trinidad and Tobago

4.50%, 8/4/2026 (a)		200,000		200,600


Turkey — 7.9%

Hazine Mustesarligi Varlik Kiralama A/S

5.00%, 4/6/2023 (a)		400,000		399,825

4.49%, 11/25/2024 (b)		1,000		965

5.13%, 6/22/2026 (a)		200,000		187,725

Republic of Turkey

3.25%, 3/23/2023		234,000		229,876

7.25%, 12/23/2023		200,000		203,662

5.75%, 3/22/2024 (d)		275,000		271,098

7.38%, 2/5/2025		193,000		194,785

4.75%, 1/26/2026		624,000		567,840

4.25%, 4/14/2026		256,000		227,248

6.00%, 3/25/2027		470,000		433,957

7.63%, 4/26/2029		200,000		194,975

11.88%, 1/15/2030		261,000		316,267

5.95%, 1/15/2031		600,000		508,800

5.88%, 6/26/2031		285,000		241,324

6.50%, 9/20/2033		200,000		172,662

8.00%, 2/14/2034 (d)		208,000		205,699

7.25%, 3/5/2038		16,000		14,383

6.75%, 5/30/2040		517,000		430,984

6.63%, 2/17/2045		455,000		363,517

5.75%, 5/11/2047		433,000		310,894


				5,476,486


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Foreign Government Securities — continued

Ukraine — 1.5%

Ukraine Government Bond

7.75%, 9/1/2023 (b)		350,000		140,000

7.75%, 9/1/2024 (b)		244,000		78,080

7.75%, 9/1/2026 (a)		126,000		40,320

7.75%, 9/1/2026 (b)		5,000		1,600

7.75%, 9/1/2027 (b)		438,000		140,160

7.75%, 9/1/2027 (a)		218,000		69,760

9.75%, 11/1/2028 (a)		600,000		192,000

7.38%, 9/25/2032 (b)		385,000		123,200

7.38%, 9/25/2032 (a)		216,000		69,120

7.25%, 3/15/2033 (a)		604,000		193,280


				1,047,520


United Arab Emirates — 0.8%

United Arab Emirates Government Bond

3.13%, 10/11/2027 (a)		300,000		314,250

3.13%, 9/30/2049 (b)		265,000		249,763


				564,013


Uruguay — 1.5%

Oriental Republic of Uruguay

4.50%, 8/14/2024		110,000		114,180

4.38%, 10/27/2027		176,000		190,443

4.38%, 1/23/2031		24,000		26,419

7.63%, 3/21/2036		169,000		240,804

5.10%, 6/18/2050		24,000		28,580

4.98%, 4/20/2055 (d)		365,000		430,654


				1,031,080


Vietnam — 0.3%

Socialist Republic of Vietnam

4.80%, 11/19/2024 (b)		200,000		207,538


Total Foreign Government Securities (Cost $66,328,670)				59,140,072

Corporate Bonds — 13.3%

Azerbaijan — 0.6%

Southern Gas Corridor CJSC

6.88%, 3/24/2026 (b)		393,000		438,637


Bahrain — 0.3%

Oil and Gas Holding Co. BSCC (The)

7.50%, 10/25/2027 (b)		203,000		210,613


Brazil — 0.4%

Banco Nacional de Desenvolvimento Economico e Social

5.75%, 9/26/2023 (b)		280,000		295,103


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)


Chile — 0.7%

Corp. Nacional del Cobre de Chile

4.38%, 2/5/2049 (a)		200,000		198,725

3.70%, 1/30/2050 (a)		320,000		283,960


				482,685


China — 2.0%

CNAC HK Finbridge Co. Ltd.

4.13%, 7/19/2027 (a)		200,000		208,738

Sinopec Group Overseas Development 2017 Ltd. 3.63%, 4/12/2027 (b)		200,000		209,554

Sinopec Group Overseas Development 2018 Ltd. 2.15%, 5/13/2025 (a)		396,000		393,204

State Grid Overseas Investment BVI Ltd.

3.50%, 5/4/2027 (a)		200,000		210,006

3.50%, 5/4/2027 (b)		2,000		2,100

1.63%, 8/5/2030 (a)		400,000		364,096


				1,387,698


Indonesia — 1.2%

Indonesia Asahan Aluminium Persero PT

5.45%, 5/15/2030 (a)		200,000		211,037

Pertamina Persero PT

1.40%, 2/9/2026 (a)		238,000		220,995

Perusahaan Perseroan Persero PT Perusahaan Listrik Negara

6.15%, 5/21/2048 (a)		201,000		221,452

4.00%, 6/30/2050 (a)		200,000		174,435


				827,919


Kazakhstan — 0.4%

KazMunayGas National Co. JSC

6.38%, 10/24/2048 (a)		257,000		280,130


Malaysia — 0.9%

Petronas Capital Ltd.

4.55%, 4/21/2050 (a)		320,000		360,760

3.40%, 4/28/2061 (a)		306,000		271,232


				631,992


Mexico — 1.8%

Mexico City Airport Trust

5.50%, 7/31/2047 (a)		209,000		187,203

Petroleos Mexicanos

4.50%, 1/23/2026		24,000		23,578

6.70%, 2/16/2032 (b)		536,000		514,560

6.63%, 6/15/2035		346,000		312,178

6.75%, 9/21/2047		16,000		13,174

7.69%, 1/23/2050		48,000		42,960


INVESTMENTS	PRINCIPAL AMOUNT ($)		VALUE ($)
Corporate Bonds — continued

Mexico — continued

6.95%, 1/28/2060		151,000		124,666


				1,218,319


Panama — 0.3%

Aeropuerto Internacional de Tocumen SA

5.13%, 8/11/2061 (a)		200,000		181,287


Peru — 0.2%

Petroleos del Peru SA

5.63%, 6/19/2047 (b)		200,000		175,220


Philippines — 0.3%

Power Sector Assets & Liabilities Management Corp.

7.39%, 12/2/2024 (a)		156,000		176,261


Qatar — 0.7%

Qatar Energy

3.13%, 7/12/2041 (a)		300,000		283,125

3.30%, 7/12/2051 (a)		200,000		188,500


				471,625


South Africa — 1.2%

Eskom Holdings SOC Ltd.

6.75%, 8/6/2023 (a)		247,000		245,765

6.75%, 8/6/2023 (b)		2,000		1,990

7.13%, 2/11/2025 (b)		327,000		320,113

6.35%, 8/10/2028 (b)		240,000		243,900


				811,768


Tunisia — 0.2%

Tunisian Republic

5.75%, 1/30/2025 (a)		200,000		146,500


United Arab Emirates — 2.1%

Abu Dhabi Crude Oil Pipeline LLC

4.60%, 11/2/2047 (a)		422,000		461,114

Abu Dhabi Ports Co. PJSC

2.50%, 5/6/2031 (a)		306,000		289,935

DP World Ltd.

6.85%, 7/2/2037 (a)		270,000		330,551

MDGH GMTN RSC Ltd.

2.88%, 11/7/2029 (a)		200,000		198,500

2.88%, 5/21/2030 (a)		201,000		198,739


				1,478,839


Total Corporate Bonds (Cost $9,885,591)				9,214,596


INVESTMENTS	SHARES		VALUE ($)
Short-Term Investments — 1.4%

Investment Companies — 0.3%

JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03% (e) (f) (Cost $177,868)		177,868		177,868


Investment of Cash Collateral from Securities Loaned — 1.1%

JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.03% (e) (f) (Cost $786,418)		786,418		786,418


Total Short-Term Investments (Cost $964,286)				964,286

Total Investments — 99.8% (Cost $77,178,547)				69,318,954

Other Assets Less Liabilities — 0.2%				157,041


NET ASSETS — 100.0%				69,475,995

Percentages indicated are based on net assets.

Abbreviations


CJSC		Closed Joint Stock Company
GMTN		Global medium term note
JSC		Joint Stock Company
PJSC		Public Joint Stock Company
PT		Limited liability company
SPC		Special purpose company

(a)		Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.
(b)		Securities exempt from registration under Rule 144A or section 4(a)(2), of the Securities Act of 1933, as amended.
(c)		Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown is the current rate as of February 28, 2022.
(d)		The security or a portion of this security is on loan at February 28, 2022. The total value of securities on loan at February 28, 2022 is $758,234.
(e)		Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.
(f)		The rate shown is the current yield as of February 28, 2022.
‡		Value determined using significant unobservable inputs.

For purposes of reporting the Statement of Cash Flows, the Fund considers all cash accounts that are not subject to withdrawal restrictions or penalties to be cash equivalents.

Reconciliation of restricted and unrestricted cash and deposits at broker at the end of year to the Statements of Assets and Liabilities:

J.P. Morgan Exchange-Traded Fund Trust (the “Trust”) was formed on February 25, 2010, and is governed by a Declaration of Trust as amended and restated February 19, 2014, and is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company.

The following are 12 separate funds of the Trust (each, a “Fund” and collectively, the “Funds”) covered by this report:

The investment objective of JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF (“BetaBuilders 1-5 Year U.S. Aggregate Bond ETF”) is to seek investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Short-Term U.S. Aggregate Bond Index (formerly known as Bloomberg Barclays Short-Term U.S. Aggregate Bond Index).

The investment objective of JPMorgan Core Plus Bond ETF (“Core Plus Bond ETF”) is to seek a high level of current income by investing primarily in a diversified portfolio of high-, medium- and low-grade debt securities.

The investment objective of JPMorgan Corporate Bond Research Enhanced ETF (“Corporate Bond Research Enhanced ETF”) is to seek to provide total return from a portfolio of investment grade corporate bonds.

The investment objective of JPMorgan High Yield Research Enhanced ETF (“High Yield Research Enhanced ETF”) is to seek to provide a high level of income with capital appreciation as a secondary objective.

The investment objective of JPMorgan Income ETF (“Income ETF”) is to seek to provide income with a secondary objective of capital appreciation.

The investment objective of JPMorgan International Bond Opportunities ETF (“International Bond Opportunities ETF”) is to seek to provide total return.

The investment objective of JPMorgan Municipal ETF (“Municipal ETF”) is to seek to provide monthly dividends, which are excluded from gross income, and to protect the value of your investment by investing primarily in municipal obligations. For purposes of the Fund’s investment objective, “gross income” means gross income for federal income tax purposes.

The investment objective of JPMorgan Short Duration Core Plus ETF (“Short Duration Core Plus ETF”) is to seek total return, consistent with preservation of capital.

The investment objective of JPMorgan U.S. Aggregate Bond ETF (“U.S. Aggregate Bond ETF”) is to seek long-term total return.

The investment objective of JPMorgan Ultra-Short Income ETF (“Ultra-Short Income ETF”) is to seek to provide current income while seeking to maintain a low volatility of principal.

The investment objective of JPMorgan Ultra-Short Municipal Income ETF (“Ultra-Short Municipal Income ETF”) is to seek to provide as high a level of current income exempt from federal income tax as is consistent with relative stability of principal.

The investment objective of JPMorgan USD Emerging Markets Sovereign Bond ETF (“USD Emerging Markets Sovereign Bond ETF”) is to seek investment results that closely correspond, before fees and expenses, to the performance of the JPMorgan Emerging Markets Risk-Aware Bond Index.

J.P. Morgan Investment Management Inc. (“JPMIM”), an indirect, wholly-owned subsidiary of JPMorgan Chase & Co. (“JPMorgan”), acts as Adviser (the “Adviser”) and Administrator (the “Administrator”) to the Funds.

Shares of each Fund are listed and traded at market price on an exchange as follows:

Market prices for the Funds’ shares may be different from their net asset value (“NAV”).

Effective April 12, 2021, BetaBuilders 1-5 Year U.S. Aggregate Bond ETF and U.S. Aggregate Bond ETF each underwent a 1:2 reverse stock split which resulted in a decrease to each Fund’s shares outstanding and an increase to each Fund’s NAV per share. There was no change to the net assets of each Fund or the value of a shareholder’s investment as a result of this reverse stock split, except to the extent that shareholders held quantities of shares that were not an exact multiple of the reverse split ratio as described below.

The historical share transactions presented in the Statements of Changes in Net Assets and the per share data presented in the Financial Highlights have been adjusted accordingly to give effect to the reverse stock splits.

For shareholders who held quantities of shares that were not an exact multiple of the reverse split ratio (for example, not a multiple of two for a 1:2 reverse split), the reverse split resulted in the creation of a fractional share. Post-split fractional shares were redeemed for cash and sent to the broker of record.

The Funds issue and redeem their shares on a continuous basis, through JPMorgan Distribution Services, Inc. (the “Distributor” or “JPMDS”), an indirect, wholly-owned subsidiary of JPMorgan, at NAV in large blocks of shares, referred to as “Creation Units” as shown in the table below:

Prior to April 12, 2021, the Shares per Creation Unit amounts for BetaBuilders 1-5 Year U.S. Aggregate Bond ETF and U.S. Aggregate Bond ETF were 50,000 and 50,000, respectively. These amounts were reduced in connection with the reverse stock split mentioned above.

Creation Units are issued and redeemed principally in-kind for a basket of securities. A cash amount may be substituted if a Fund has sizeable exposure to market or sponsor restricted securities. Shares are generally traded in the secondary market in amounts less than a Creation Unit at market prices that change throughout the day. Only individuals or institutions that have entered into an authorized participant agreement with the Distributor may do business directly with the Funds (each, an “Authorized Participant”).

The following is a summary of significant accounting policies followed by the Funds in the preparation of their financial statements. The Funds are investment companies and, accordingly, follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946 — Investment Companies, which is part of U.S. generally accepted accounting principles (“GAAP”). The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) disclosure of contingent assets and liabilities at the date of the financial statements, and (iii) the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

A. Valuation of Investments — Investments are valued in accordance with GAAP and the Funds’ valuation policies set forth by, and under the supervision and responsibility of, the Board of Trustees of the Trust (the “Board”), which established the following approach to valuation, as described more fully below: (i) investments for which market quotations are readily available shall be valued at their market value and (ii) all other investments for which market quotations are not readily available shall be valued at their fair value as determined in good faith by the Board.

The Administrator has established the J.P. Morgan Asset Management Americas Valuation Committee (“AVC”) to assist the Board with the oversight and monitoring of the valuation of the Funds’ investments. The Administrator implements the valuation policies of the Funds’ investments, as directed by the Board. The AVC oversees and carries out the policies for the valuation of investments held in the Funds. This includes monitoring the appropriateness of fair values based on results of ongoing valuation oversight including, but not limited to, consideration of macro or security specific events, market events, and pricing vendor and broker due diligence. The Administrator is responsible for discussing and assessing the potential impacts to the fair values on an ongoing basis, and, at least on a quarterly basis, with the AVC and the Board.

A market-based approach is primarily used to value the Funds’ investments. Investments for which market quotations are not readily available are fair valued by approved affiliated and/or unaffiliated pricing vendors or third party broker-dealers (collectively referred to as “Pricing Services”) or may be internally fair valued using methods set forth by the valuation policies approved by the Board. This may include the use of related or comparable assets or liabilities, recent transactions, market multiples, book values and other relevant information for the investment. An income-based valuation approach may be used in which the anticipated future cash flows of the investment are discounted to calculate the fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Valuations may be based upon current market prices of securities that are comparable in coupon, rating, maturity and industry. It is possible that the estimated values may differ significantly from the values that would have been used had a ready market for the investments existed, and such differences could be material.

Fixed income instruments are valued based on prices received from Pricing Services. The Pricing Services use multiple valuation techniques to determine the valuation of fixed income instruments. In instances where sufficient market activity exists, the Pricing Services may utilize a market-based approach through which trades or quotes from market makers are used to determine the valuation of these instruments. In instances where sufficient market activity may not exist, the Pricing Services also utilize proprietary valuation models which may consider market transactions in comparable securities and the various relationships between securities in determining fair value and/or market characteristics in order to estimate the relevant cash flows, which are then discounted to calculate the fair values.

Equities and other exchange-traded instruments are valued at the last sale price or official market closing price on the primary exchange on which the instrument is traded before the NAVs of the Funds are calculated on a valuation date. Certain foreign equity instruments are valued by applying international fair value factors provided by approved Pricing Services. The factors seek to adjust the local closing price for movements of local markets post-closing, but prior to the time the NAVs are calculated.

Investments in open-end investment companies (“Underlying Funds”) are valued at each Underlying Fund’s NAV per share as of the report date.

Futures contracts and options are generally valued on the basis of available market quotations. Swaps and forward foreign currency exchange contracts are valued utilizing market quotations from approved Pricing Services.

See the tables on “Quantitative Information about Level 3 Fair Value Measurements” for information on the valuation techniques and inputs used to value level 3 securities held by Core Plus Bond ETF, Income ETF, International Bond Opportunities ETF and Short Duration Core Plus ETF at February 28, 2022.

Valuations reflected in this report are as of the report date. As a result, changes in valuation due to market events and/or issuer-related events after the report date and prior to issuance of the report are not reflected herein.

The various inputs that are used in determining the valuation of the Funds’ investments are summarized into the three broad levels listed below.

A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input, both individually and in the aggregate, that is significant to the fair value measurement. The inputs or methodology used for valuing instruments are not necessarily an indication of the risk associated with investing in those instruments.

The following tables represent each valuation input as presented on the Schedules of Portfolio Investments (“SOIs”):

There were no significant transfers into or out of level 3 for the year ended February 28, 2022.

The following is a summary of investments for which significant unobservable inputs (level 3) were used in determining fair value:

The changes in net unrealized appreciation (depreciation) attributable to securities owned at February 28, 2022, which were valued using significant unobservable inputs (level 3), amounted to $(841,011). This amount is included in Change in net unrealized appreciation/ depreciation of investments in non-affiliates on the Statements of Operations.

Transfers between level 2 and level 3 are due to a decline or an increase in market activity (e.g. frequency of trades), which resulted in a lack or increase of available market inputs to determine the price for the year ended February 28, 2022.

The changes in net unrealized appreciation (depreciation) attributable to securities owned at February 28, 2022, which were valued using significant unobservable inputs (level 3) amounted to $(433,988). This amount is included in Change in net unrealized appreciation/ depreciation of investments in non-affiliates on the Statements of Operations.

The changes in net unrealized appreciation (depreciation) attributable to securities owned at February 28, 2022, which were valued using significant unobservable inputs (level 3), amounted to $(108,621). This amount is included in Change in net unrealized appreciation/ depreciation of investments in non-affiliates on the Statements of Operations.

There were no significant transfers into or out of level 3 for the year ended February 28, 2022.

The changes in net unrealized appreciation (depreciation) attributable to securities owned at February 28, 2022, which were valued using significant unobservable inputs (level 3), amounted to $(638,315). This amount is included in Change in net unrealized appreciation/ depreciation on investments in non-affiliates on the Statements of Operations.

The significant unobservable inputs used in the fair value measurement of the Funds’ investments are listed below. Generally, a change in the assumptions used in any input in isolation may be accompanied by a change in another input. Significant changes in any of the unobservable inputs may significantly impact the fair value measurement. The impact is based on the relationship between each unobservable input and the fair value measurement. Significant increases (decreases) in enterprise multiples may increase (decrease) the fair value measurement. Significant increases (decreases) in the discount for lack of marketability, liquidity discount, probability of default, yield and default rate may decrease (increase) the fair value measurement. A significant change in the discount rate or prepayment rate (Constant Prepayment Rate or PSA Prepayment Model) may decrease or increase the fair value measurement.

B. Restricted Securities — Certain securities held by the Funds may be subject to legal or contractual restrictions on resale. Restricted securities generally are resold in transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). Disposal of these securities may involve time-consuming negotiations and expense. Prompt sale at the current valuation may be difficult and could adversely affect the NAVs of the Funds.

As of February 28, 2022, the Funds had no investments in restricted securities other than securities sold to the Funds under Rule 144A and/or Regulation S under the Securities Act.

C. Repurchase Agreements — Ultra-Short Income ETF may enter into repurchase agreement transactions that meet the credit guidelines of JPMIM. Repurchase agreements involve the purchase of securities subject to the seller’s agreement to repurchase the securities at a mutually agreed upon date and price. The Fund requires that the collateral received in a repurchase agreement transaction be transferred to a custodian in a manner sufficient to enable the Fund to obtain collateral in the event of a counterparty default. If the counterparty defaults and the fair value of the collateral declines, realization of the collateral by the Fund may be delayed or limited. Repurchase agreement collateral may be held in segregated accounts maintained by JPMorgan Chase Bank, N.A. (“JPMCB”), a wholly-owned subsidiary of JPMorgan.

The Fund’s repurchase agreements are not subject to master netting arrangements.

D. When-Issued Securities, Delayed Delivery Securities and Forward Commitments — BetaBuilders 1-5 Year U.S. Aggregate Bond ETF, Core Plus Bond ETF, International Bond Opportunities ETF, Municipal ETF, Short Duration Core Plus ETF, U.S. Aggregate Bond ETF, Ultra-Short Income ETF and Ultra-Short Municipal Income ETF purchased when-issued securities, including To Be Announced (“TBA”) securities, and entered into contracts to purchase or sell securities for a fixed price that may be settled a month or more after the trade date, or purchased delayed delivery securities which generally settle seven days after the trade date. When-issued securities are securities that have been authorized, but not issued in the market. A forward commitment involves entering into a contract to purchase or sell securities for a fixed price at a future date that may be settled a month or more after the trade date. A delayed delivery security is agreed upon in advance between the buyer and the seller of the security and is generally delivered beyond seven days of the agreed upon date. The purchase of securities on a when-issued, delayed delivery or forward commitment basis involves the risk that the value of the security to be purchased declines before the settlement date. The sale of securities on a forward commitment basis involves the risk that the value of the securities sold may increase before the settlement date. The Funds may be exposed to credit risk if the counterparty fails to perform under the terms of the transaction. Interest income for securities purchased on a when-issued, delayed delivery or forward commitment basis is not accrued until the settlement date.

International Bond Opportunities ETF may be required to post or receive collateral for delayed delivery securities in the form of cash or securities under a Master Securities Forward Transaction Agreement with the counterparties (each, an “MSFTA”). The collateral requirements are generally calculated by netting the mark-to-market amount for a Fund’s transactions under the MSFTA and comparing that amount to the value of the collateral pledged by a fund and the counterparty. Daily movement of cash collateral is subject to minimum threshold amounts. Collateral posted by a Fund is held in a segregated account at the Fund’s custodian bank and is included on the Statements of Assets and Liabilities as Restricted cash. Collateral received by the Funds is held in a separate segregated account maintained by JPMCB. These amounts are not reflected on the Funds’ Statements of Assets and Liabilities.

BetaBuilders 1-5 Year U.S. Aggregate Bond ETF, Core Plus Bond ETF, International Bond Opportunities ETF, Municipal ETF, Short Duration Core Plus ETF, U.S. Aggregate Bond ETF, Ultra-Short Income ETF and Ultra-Short Municipal Income ETF had when-issued securities, delayed delivery securities or forward commitments outstanding as of February 28, 2022, which are shown as a Receivable for Investment securities sold — delayed delivery securities and a Payable for Investment securities purchased — delayed delivery securities, respectively, on the Statements of Assets and Liabilities. The values of these securities held at February 28, 2022 are detailed on the SOIs.

E. Securities Lending — The Funds, except International Bond Opportunities ETF, are authorized to engage in securities lending in order to generate additional income. The Funds are able to lend to approved borrowers. Citibank N.A. (“Citibank”) serves as lending agent for the Funds, pursuant to a Securities Lending Agency Agreement (the “Securities Lending Agency Agreement”). Securities loaned are collateralized by cash equal to at least 100% of the market value plus accrued interest on the securities lent, which is invested in the Class IM Shares of the JPMorgan U.S. Government Money Market Fund and the Agency SL Class Shares of the JPMorgan Securities Lending Money Market Fund. The Funds retain the interest earned on cash collateral investments but are required to pay the borrower a rebate for the use of the cash collateral. In cases where the lent security is of high value to borrowers, there may be a negative rebate (i.e., a net payment from the borrower to the Funds). Upon termination of a loan, the Funds are required to return to the borrower an amount equal to the cash collateral, plus any rebate owed to the borrowers. The remaining maturities of the securities lending transactions are considered overnight and continuous. Loans are subject to termination by the Funds or the borrower at any time.

The net income earned on the securities lending (after payment of rebates and Citibank’s fee) is included on the Statements of Operations as Income from securities lending (net). The Funds also receive payments from the borrower during the period of the loan, equivalent to dividends and interest earned on the securities loaned, which are recorded as Dividend or Interest income, respectively, on the Statements of Operations.

Under the Securities Lending Agency Agreement, Citibank marks to market the loaned securities on a daily basis. In the event the cash received from the borrower is less than 102% of the value of the loaned securities (105% for loans of non-U.S. securities), Citibank requests additional cash from the borrower so as to maintain a collateralization level of at least 102% of the value of the loaned securities plus accrued interest (105% for loans of non-U.S. securities), subject to certain de minimis amounts.

The value of securities out on loan is recorded as an asset on the Statements of Assets and Liabilities. The value of the cash collateral received is recorded as a liability on the Statements of Assets and Liabilities and details of collateral investments are disclosed on the SOIs.

The Funds bear the risk of loss associated with the collateral investments and are not entitled to additional collateral from the borrower to cover any such losses. To the extent that the value of the collateral investments declines below the amount owed to a borrower, the Funds may incur losses that exceed the amount they earned on lending the security. Upon termination of a loan, the Funds may use leverage (borrow money) to repay the borrower for cash collateral posted if the Adviser does not believe that it is prudent to sell the collateral investments to fund the payment of this liability. Securities lending activity is subject to master netting arrangements.

The following table presents for each lending Fund, the value of the securities on loan with Citibank, net of amounts available for offset under the master netting arrangements and any related collateral received or posted by the Funds as of February 28, 2022.

Securities lending also involves counterparty risks, including the risk that the loaned securities may not be returned in a timely manner or at all. Subject to certain conditions, Citibank has agreed to indemnify the Funds from losses resulting from a borrower’s failure to return a loaned security.

JPMIM voluntarily waived management fees charged to the Funds to reduce the impact of the cash collateral investment in the JPMorgan U.S. Government Money Market Fund from 0.12% to 0.06%. For the year ended February 28, 2022, JPMIM waived fees associated with the Funds’ investment in the JPMorgan U.S. Government Money Market Fund as follows:

The above waiver is included in the determination of earnings on cash collateral investment and in the calculation of Citibank’s compensation and is included on the Statements of Operations as Income from securities lending (net).

Core Plus Bond ETF, Corporate Bond Research Enhanced ETF, High Yield Research Enhanced ETF, Income ETF, Municipal ETF and Ultra-Short Municipal Income ETF did not lend out any securities during the year ended February 28, 2022.

F. Investment Transactions with Affiliates — The Funds invested in Underlying Funds, which are advised by the Adviser. An issuer which is under common control with a Fund may be considered an affiliate. For the purposes of the financial statements, the Funds assume the issuers listed in the tables below to be affiliated issuers. Underlying Funds’ distributions may be reinvested into such Underlying Funds. Reinvestment amounts are included in the purchases at cost amounts in the tables below.

G. Foreign Currency Translation — The books and records of the Funds are maintained in U.S. dollars. Foreign currency amounts are translated into U.S. dollars at the prevailing exchange rates of such currencies against the U.S. dollar. The market value of investment securities and other assets and liabilities are translated at the exchange rate as of the valuation date. Purchases and sales of investment securities, income and expenses are translated at the exchange rate prevailing on the respective dates of such transactions.

The Funds do not isolate the effect of changes in foreign exchange rates from changes in market prices on securities held. Accordingly, such changes are included within Change in net unrealized appreciation/depreciation on investments in non-affiliates on the Statements of Operations.

Reported realized foreign currency gains and losses arise from the disposition of foreign currency, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded on each Fund’s books on the transaction date and the U.S. dollar equivalent of the amounts actually received or paid. These reported realized foreign currency gains and losses are included in Net realized gain (loss) on foreign currency transactions on the Statements of Operations. Unrealized foreign currency gains and losses arise from changes (due to changes in exchange rates) in the value of foreign currency and other assets and liabilities denominated in foreign currencies, which are held at year end and are included in Change in net unrealized appreciation/depreciation on foreign currency translations on the Statements of Operations.

H. Derivatives — Core Plus Bond ETF, Corporate Bond Research Enhanced ETF, Income ETF, International Bond Opportunities ETF, Municipal ETF, Short Duration Core Plus ETF and Ultra-Short Income ETF used derivative instruments including options, futures contracts, forward foreign currency exchange contracts and swaps in connection with their respective investment strategies. Derivative instruments may be used as substitutes for securities in which the Funds can invest, to hedge portfolio investments or to generate income or gain to the Funds. Derivatives may also be used to manage duration, sector and yield curve exposures and credit and spread volatility.

The Funds may be subject to various risks from the use of derivatives, including the risk that changes in the value of a derivative may not correlate perfectly with the underlying asset, rate or index; counterparty credit risk related to derivatives counterparties’ failure to perform under contract terms; liquidity risk related to the potential lack of a liquid market for these contracts allowing a Fund to close out its position(s); and documentation

risk relating to disagreement over contract terms. Investing in certain derivatives also results in a form of leverage and as such, the Funds’ risk of loss associated with these instruments may exceed their value, as recorded on the Statements of Assets and Liabilities.

The Funds are party to various derivative contracts governed by International Swaps and Derivatives Association master agreements (“ISDA agreements”). The Funds’ ISDA agreements, which are separately negotiated with each dealer counterparty, may contain provisions allowing, absent other considerations, a counterparty to exercise rights, to the extent not otherwise waived, against the Funds in the event the Funds’ net assets decline over time by a pre-determined percentage or fall below a pre-determined floor. The ISDA agreements may also contain provisions allowing, absent other conditions, the Funds to exercise rights, to the extent not otherwise waived, against a counterparty (e.g., decline in a counterparty’s credit rating below a specified level). Such rights for both a counterparty and the Funds often include the ability to terminate (i.e., close out) open contracts at prices which may favor a counterparty, which could have an adverse effect on the Funds. The ISDA agreements give the Funds and a counterparty the right, upon an event of default, to close out all transactions traded under such agreements and to net amounts owed or due across all transactions and offset such net payable or receivable against collateral posted to a segregated account by one party for the benefit of the other.

Counterparty credit risk may be mitigated to the extent a counterparty posts additional collateral for mark to market gains to the Funds.

(1). Options — Core Plus Bond ETF and Income ETF purchased and/or sold (“wrote”) put and call options on various instruments including futures, securities and interest rate swaps (“swaptions”) to manage and hedge interest rate risks within their portfolios and also to gain long or short exposure to the underlying instrument, index, currency or rate. A purchaser of a put option has the right, but not the obligation, to sell the underlying instrument at an agreed upon price (“strike price”) to the option seller. A purchaser of a call option has the right, but not the obligation, to purchase the underlying instrument at the strike price from the option seller. Swaptions and Eurodollar options are settled for cash.

Options Purchased — Premiums paid by the Funds for options purchased are included on the Statements of Assets and Liabilities as Options purchased. The option is adjusted daily to reflect the current market value of the option and the change is recorded as Change in net unrealized appreciation/depreciation on options purchased on the Statements of Operations. If the option is allowed to expire, the Funds will lose the entire premium they paid and record a realized loss for the premium amount. Premiums paid for options purchased which are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain (loss) or cost basis of the underlying investment.

(2). Futures Contracts — Core Plus Bond ETF, Corporate Bond Research Enhanced ETF, Income ETF, International Bond Opportunities ETF, Municipal ETF, Short Duration Core Plus ETF and Ultra-Short Income ETF used treasury futures contracts to manage and hedge interest rate risk associated with portfolio investments. The Funds also purchased futures contracts to invest incoming cash in the market or sold futures in response to cash outflows, thereby simulating an invested position in the underlying index while maintaining a cash balance for liquidity.

Futures contracts provide for the delayed delivery of the underlying instrument at a fixed price or are settled for a cash amount based on the change in the value of the underlying instrument at a specific date in the future. Upon entering into a futures contract, the Funds are required to deposit with the broker, cash or securities in an amount equal to a certain percentage of the contract amount, which is referred to as the initial margin deposit. Subsequent payments, referred to as variation margin, are made or received by the Funds periodically and are based on changes in the market value of open futures contracts. Changes in the market value of open futures contracts are recorded as Change in net unrealized appreciation/depreciation on futures contracts on the Statements of Operations. Realized gains or losses, representing the difference between the value of the contract at the time it was opened and the value at the time it was closed, are reported on the Statements of Operations at the closing or expiration of the futures contract. Securities deposited as initial margin are designated on the SOIs, while cash deposited, which is considered restricted, is recorded on the Statements of Assets and Liabilities. A receivable from and/or a payable to brokers for the daily variation margin is also recorded on the Statements of Assets and Liabilities.

The use of futures contracts exposes the Funds to interest rate risk. The Funds may be subject to the risk that the change in the value of the futures contract may not correlate perfectly with the underlying instrument. Use of long futures contracts subjects the Funds to risk of loss in excess of the amounts shown on the Statements of Assets and Liabilities, up to the notional amount of the futures contracts. Use of short futures contracts subjects the Funds to unlimited risk of loss. The Funds may enter into futures contracts only on exchanges or boards of trade. The exchange or board of trade acts as the counterparty to each futures transaction; therefore, the Funds’ credit risk is limited to failure of the exchange or board of trade. Under some circumstances, futures exchanges may establish daily limits on the amount that the price of a futures contract can vary from the previous day’s settlement price, which could effectively prevent liquidation of positions.

The Funds’ futures contracts are not subject to master netting arrangements (the right to close out all transactions traded with a counterparty and net amounts owed or due across transactions).

(3). Forward Foreign Currency Exchange Contracts — Core Plus Bond ETF, Income ETF and International Bond Opportunities ETF are exposed to foreign currency risks associated with some or all of their portfolio investments and used forward foreign currency exchange contracts to hedge or manage certain of these exposures as part of an investment strategy. The Funds also bought forward foreign currency exchange contracts to gain exposure to currencies. Forward foreign currency exchange contracts represent obligations to purchase or sell foreign currency on a specified future date at a price fixed at the time the contracts are entered into. Non-deliverable forward foreign currency exchange contracts are settled with the counterparty in U.S. dollars without the delivery of the foreign currency.

The values of the forward foreign currency exchange contracts are adjusted daily based on the applicable exchange rate of the underlying currency. Changes in the value of these contracts are recorded as unrealized appreciation or depreciation until the contract settlement date. When the forward foreign currency exchange contract is closed, the Funds record a realized gain or loss equal to the difference between the value at the time the contract was opened and the value at the time it was closed. The Funds also record a realized gain or loss, upon settlement, when a forward foreign currency exchange contract offsets another forward foreign currency exchange contract with the same counterparty.

The Funds’ forward foreign currency exchange contracts are subject to master netting arrangements (the right to close out all transactions with a counterparty and net amounts owed or due across transactions).

The Funds may be required to post or receive collateral for non-deliverable forward foreign currency exchange contracts.

(4). Swaps — Core Plus Bond ETF, Income ETF, International Bond Opportunities ETF and Short Duration Core Plus ETF engaged in various swap transactions to manage credit and interest rate (e.g., duration, yield curve) risks within their respective portfolios. The Funds also used swaps as alternatives to direct investments. Swap transactions are contracts negotiated over-the-counter (“OTC swaps”) between a fund and a counterparty or are centrally cleared (“centrally cleared swaps”) through a central clearinghouse managed by a Futures Commission Merchant (“FCM”) that exchange investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals.

Upfront payments made and/or received by a Fund are recorded as assets or liabilities, respectively, on the Statements of Assets and Liabilities and amortized over the term of the swap. The value of an OTC swap agreement is recorded as either an asset or a liability on the Statements of Assets and Liabilities at the beginning of the measurement period. Upon entering into a centrally cleared swap, the Funds are required to deposit with the FCM cash or securities, which is referred to as initial margin deposit. Securities deposited as initial margin are designated on the SOIs, while cash deposited, which is considered restricted, is recorded on the Statements of Assets and Liabilities. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a variation margin receivable or payable on the Statements of Assets and Liabilities. The change in the value of swaps, including accruals of periodic amounts of interest to be paid or received on swaps, is reported as Change in net unrealized appreciation/depreciation on swaps on the Statements of Operations. A realized gain or loss is recorded upon payment or receipt of a periodic payment or payment made upon termination of a swap agreement.

The central clearinghouse acts as the counterparty to each centrally cleared swap transaction; therefore credit risk is limited to the failure of the clearinghouse.

Core Plus Bond ETF, Income ETF, International Bond Opportunities ETF and Short Duration Core Plus ETF entered into credit default swaps to simulate long and/or short bond positions or to take an active long and/or short position with respect to the likelihood of a default or credit event by the issuer of the underlying reference obligation.

The underlying reference obligation may be a single issuer of corporate or sovereign debt, a basket of issuers or a credit index. A credit index is a list of credit instruments or exposures that reference a fixed number of obligors with shared characteristics that represents some part of the credit market as a whole. Index credit default swaps have standardized terms including a fixed spread and standard maturity dates. The composition of the obligations within a particular index changes periodically.

Credit default swaps involve one party, the protection buyer, making a stream of payments to another party, the protection seller, in exchange for the right to receive a contingent payment if there is a credit event related to the underlying reference obligation. In the event that the reference obligation matures prior to the termination date of the contract, a similar security will be substituted for the duration of the contract term. Credit events are defined under individual swap agreements and generally include bankruptcy, failure to pay, restructuring, repudiation/moratorium, obligation acceleration and obligation default.

If a credit event occurs, the Funds, as protection sellers, would be obligated to make a payment, which may be either: (i) a net cash settlement equal to the notional amount of the swap less the auction value of the reference obligation or (ii) the notional amount of the swap in exchange for the delivery of the reference obligation. Selling protection effectively adds leverage to a Fund’s portfolio up to the notional amount of swap agreements. The notional amount represents the maximum potential liability under a contract and is not reflected on the Statements of Assets and Liabilities. Potential liabilities under these contracts may be reduced by: the auction rates of the underlying reference obligations; upfront payments received at the inception of a swap; and net amounts received from credit default swaps purchased with the identical reference obligation.

International Bond Opportunities ETF entered into interest rate swap contracts to manage fund exposure to interest rates or to either preserve or generate a return on a particular investment or portion of its portfolio. These are agreements between counterparties to exchange periodic interest payments based on interest rates. One cash flow stream will typically be a floating rate payment based upon a specified interest rate, while the other is typically based on a fixed interest rate.

(4). Summary of Derivatives Information — The following tables present the value of derivatives held as of February 28, 2022 by their primary underlying risk exposure and respective location on the Statements of Assets and Liabilities:

The following tables present the Fund’s gross derivative assets and liabilities by counterparty net of amounts available for offset under netting arrangements and any related collateral received or posted by the Fund as of February 28, 2022:

The following tables present the effect of derivatives on the Statements of Operations for the year ended February 28, 2022, by primary underlying risk exposure:

The table below discloses the volume of the Funds’ futures contracts, forward foreign currency exchange contracts and swaps activity during the year ended February 28, 2022. Please refer to the tables in the Summary of Derivatives Information for derivative-related gains and losses associated with volume activity:

The Funds may be required to post or receive collateral based on the net value of the Funds’ outstanding OTC swap contracts with the counterparty in the form of cash or securities. Daily movement of cash collateral is subject to minimum threshold amounts. Collateral posted by the Funds is held in a segregated account at the Funds’ custodian bank. For certain counterparties cash collateral posted by the Funds is invested in an affiliated money market fund (See Note 3.E.), otherwise the cash collateral is included on the Statements of Assets and Liabilities as Restricted cash for OTC derivatives. Collateral received by the Funds is held in a separate segregated account maintained by JPMCB, an affiliate of the Funds.

International Bond Opportunities ETF’s derivative contracts collateral requirements and collateral posted or received by counterparty as of February 28, 2022 are as follows:

The Funds’ derivatives contracts held at February 28, 2022 are not accounted for as hedging instruments under GAAP.

I. Security Transactions and Investment Income — Investment transactions are accounted for on the trade date (the date the order to buy or sell is executed). Securities gains and losses are calculated on a specifically identified cost basis. Interest income is determined on the basis of coupon interest accrued using the effective interest method, which adjusts for amortization of premiums and accretion of discounts. Dividend income, net of foreign taxes withheld, if any, and distributions of net investment income and realized capital gains from the Underlying Funds, if any, are recorded on the ex-dividend date or when a Fund first learns of the dividend.

To the extent such information is publicly available, the Funds record distributions received in excess of income earned from underlying investments as a reduction of cost of investments and/or realized gain. Such amounts are based on estimates if actual amounts are not available and actual amounts of income, realized gain and return of capital may differ from the estimated amounts. The Funds adjust the estimated amounts of the components of distributions (and consequently their net investment income) as necessary, once the issuers provide information about the actual composition of the distributions.

J. Federal Income Taxes — Each Fund is treated as a separate taxable entity for Federal income tax purposes. Each Fund’s policy is to comply with the provisions of the Internal Revenue Code (the “Code”) applicable to regulated investment companies and to distribute to shareholders all of its distributable net investment income and net realized capital gains on investments. Accordingly, no provision for Federal income tax is necessary. Management has reviewed the Funds’ tax positions for all open tax years and has determined that as of February 28, 2022, no liability for Federal income tax is required in the Funds’ financial statements for net unrecognized tax benefits. However, management’s conclusions may be subject to future review based on changes in, or the interpretation of, the accounting standards or tax laws and regulations. Each Fund’s Federal tax returns for the prior three fiscal years, or since inception if shorter, remain subject to examination by the Internal Revenue Service.

K. Foreign Taxes — The Funds may be subject to foreign taxes on income, gains on investments or currency purchases/repatriation, a portion of which may be recoverable. The Funds will accrue such taxes and recoveries as applicable, based upon their current interpretation of tax rules and regulations that exist in the markets in which they invest. When a capital gains tax is determined to apply, the Funds record an estimated deferred tax liability in an amount that would be payable if the securities were disposed of on the valuation date.

L. Distributions to Shareholders — Distributions from net investment income, if any, are generally declared and paid at least monthly. Net realized capital gains, if any, are distributed by each Fund at least annually. The amount of distributions from net investment income and net realized capital gains is determined in accordance with Federal income tax regulations, which may differ from GAAP. To the extent these “book/tax” differences are permanent in nature (i.e., that they result from other than timing of recognition — “temporary differences”), such amounts are reclassified within the capital accounts based on their Federal tax basis treatment.

The reclassifications for the Funds relate primarily to callable bonds, foreign currency gains or losses, investments in swap contracts and redemptions in-kind.

A. Management Fee — JPMIM manages the investments of each Fund pursuant to a Management Agreement. For such services, JPMIM is paid a fee which is accrued daily and paid no more frequently than monthly based on each Fund’s respective average daily net assets at the following rate:

Under each Management Agreement, JPMIM is responsible for substantially all expenses of each Fund, (including expenses of the Trust relating to each Fund), except for the management fees, payments under the Funds’ 12b-1 plan (if any), interest expenses, dividend and interest expenses related to short sales, taxes, acquired fund fees and expenses (other than fees for funds advised by the adviser and/or its affiliates), costs of holding shareholder meetings, and litigation and potential litigation and other extraordinary expenses not incurred in the ordinary course of each Fund’s business. Additionally, each Fund is responsible for its non-operating expenses, including brokerage commissions and fees and expenses associated with each Fund’s securities lending program, if applicable. For the avoidance of doubt, the Adviser’s payment of such expenses may be accomplished through a Fund’s payment of such expenses and a corresponding reduction in the fee payable to the Adviser, provided, however, that if the amount of expenses paid by a Fund exceeds the fee payable to the Adviser, the Adviser will reimburse that Fund for such amount.

B. Administration Fee — JPMIM provides administration services to the Funds. Pursuant to each Management Agreement, JPMIM is compensated as described in Note 3.A.

JPMCB serves as the Funds’ sub-administrator (the “Sub-administrator”). For its services as Sub-administrator, JPMCB receives a portion of the management fees payable to JPMIM.

C. Custodian, Accounting and Transfer Agent Fees — JPMCB provides custody, accounting and transfer agency services to the Funds. For performing these services, JPMIM pays JPMCB transaction and asset-based fees that vary according to the number of transactions and positions, plus out-of-pocket expenses.

Additionally, Authorized Participants generally pay transaction fees associated with the creation and redemption of Fund shares. These fees are paid to JPMIM to offset certain custodian charges that are covered by each Management Agreement.

Interest income earned on cash balances at the custodian, if any, is included in Interest income from affiliates on the Statements of Operations.

Interest expense paid to the custodian related to cash overdrafts, if any, is included in Interest expense to affiliates on the Statements of Operations.

D. Distribution Services — The Distributor or its agent distributes Creation Units for each Fund on an agency basis. The Distributor does not maintain a secondary market in shares of each Fund. JPMDS receives no fees for their distribution services under the distribution agreement with the Trust (the “Distribution Agreement”). Although the Trust does not pay any fees under the Distribution Agreement, JPMIM pays JPMDS for certain distribution related services.

E. Waivers and Reimbursements — The Funds may invest in one or more money market funds advised by the Adviser (affiliated money market funds). The fees for the affiliated money market funds are covered under each Management Agreement as described in Note 3.A.

F. Other — Certain officers of the Trust are affiliated with the Adviser, the Administrator and JPMDS. Such officers receive no compensation from the Funds for serving in their respective roles.

The Board designated and appointed a Chief Compliance Officer to the Funds pursuant to Rule 38a-1 under the 1940 Act. The fees associated with the office of the Chief Compliance Officer are paid for by JPMIM as described in Note 3.A.

During the year ended February 28, 2022, Core Plus Bond ETF, High Yield Research Enhanced ETF, Income ETF, International Bond Opportunities ETF, Municipal ETF, Short Duration Core Plus ETF, Ultra-Short Income ETF and Ultra-Short Municipal Income ETF purchased securities from an underwriting syndicate in which the principal underwriter or members of the syndicate were affiliated with the Adviser.

The Securities and Exchange Commission (“SEC”) has granted an exemptive order permitting the Funds to engage in principal transactions with J.P. Morgan Securities LLC, an affiliated broker, involving taxable money market instruments, subject to certain conditions.

During the year ended February 28, 2022, purchases and sales of investments (excluding short-term investments) were as follows:

For the year ended February 28, 2022, in-kind transactions associated with creations and redemptions were as follows:

During the year ended February 28, 2022, the Funds delivered portfolio securities for the redemption of Fund Shares (in-kind redemptions). Cash and portfolio securities were transferred for redemptions at fair value. For financial reporting purposes, the Funds recorded net realized gains and losses in connection with each in-kind redemption transaction.

For Federal income tax purposes, the estimated cost and unrealized appreciation (depreciation) in value of investments held at February 28, 2022 were as follows:

The difference between book and tax basis appreciation (depreciation) on investments is primarily attributed to investments in debt instruments, wash sale loss deferrals, investments in futures contracts, foreign currency gains or losses, callable bond adjustments, investments in forward foreign currency contracts and investments in swaps.

The tax character of distributions paid during the year ended February 28, 2022 was as follows:

The tax character of distributions paid during the year ended February 28, 2021 was as follows:

As of February 28, 2022, the estimated components of net assets (excluding paid-in-capital) on a tax basis were as follows:

The cumulative timing differences primarily consist of wash sale loss deferrals, investments in futures contracts, investments in forward foreign currency contracts, foreign currency gains and losses, callable bond adjustments, post-October capital loss deferrals, straddle loss deferrals, investments in debt instruments and investments in swaps.

As of February 28, 2022, the following Funds had net capital loss carryforwards which are available to offset future realized gains as follows:

Net capital losses incurred after October 31, and within the taxable year are deemed to arise on the first business day of the Funds’ next taxable year. For the year ended February 28, 2022, the Fund deferred to March 1, 2022 the following net capital losses (gains) of:

During the year ended February 28, 2022, the following Funds utilized capital loss carryforwards as follows:

The Trust issues and redeems shares of the Funds only in Creation Units through the Distributor at NAV. Capital shares transactions detail can be found in the Statements of Changes in Net Assets.

Shares of the Funds may only be purchased or redeemed by Authorized Participants. Such Authorized Participants may from time to time hold, of record or beneficially, a substantial percentage of the Funds’ shares outstanding and act as executing or clearing broker for investment transactions on behalf of the Funds. An Authorized Participant is either (1) a “Participating Party” or other participant in the clearing process through the Continuous Net Settlement System of the National Securities Clearing Corporation (“NSCC”); or (2) a DTC Participant; which, in either case, must have executed an agreement with the Distributor.

Creation Units of a Fund may be created in advance of receipt by the Trust of all or a portion of the applicable basket of fixed income securities and other instruments (“Deposit Instruments”) and cash as described in the Funds’ registration statement. In these instances, the initial Deposit Instruments and cash must be deposited in an amount equal to the sum of the cash amount, plus at least 105%, for the Funds, of the market value of undelivered Deposit Instruments. A transaction fee may be imposed to offset transfer and other transaction costs associated with the purchase or redemption of Creation Units.

Authorized Participants transacting in Creation Units for cash may also pay a variable fee to compensate the relevant fund for market impact expenses relating to investing in portfolio securities. Such variable fees, if any, are included in “Proceeds from shares issued” in the Statements of Changes in Net Assets.

In the normal course of business, the Funds enter into contracts that contain a variety of representations which provide general indemnifications. Each Fund’s maximum exposure under these arrangements is unknown. The amount of exposure would depend on future claims that may be brought against each Fund. However, based on experience, the Funds expect the risk of loss to be remote.

As of February 28, 2022, JPMorgan SmartRetirement Funds and JPMorgan SmartRetirement Blend Funds, which are affiliated funds of funds, each owned in the aggregate, shares representing more than 10% of the net assets of the Funds as follows:

Significant shareholder transactions by these shareholders may impact the Funds’ performance and liquidity.

As of February 28, 2022, the Adviser owns shares representing more than 10% of net assets of the following Funds:

Significant shareholder transactions by the Adviser may impact the Funds’ performance.

The Funds are subject to risks associated with securities with contractual cash flows including asset-backed and mortgage-related securities such as collateralized mortgage obligations, mortgage pass-through securities and commercial mortgage-backed securities, including securities backed by sub-prime mortgage loans. The value, liquidity and related income of these securities are sensitive to changes in economic conditions, including real estate value, pre-payments, delinquencies and/or defaults, and may be adversely affected by shifts in the market’s perception of the issuers and changes in interest rates.

International Bond Opportunities ETF and USD Emerging Markets Sovereign Bond ETF’s investments in sovereign and corporate debt obligations within emerging market countries may be subject to potentially higher risks than investments in more developed markets and the prices of such investments may be volatile. The yields of emerging market debt obligations reflect, among other things, perceived credit risk. The consequences of political, social or economic instability in these markets may have disruptive effects on the market prices of the Funds’ investments and the income they generate, as well as the Funds’ ability to repatriate such amounts.

The Funds are subject to interest rate and credit risk. The value of debt securities may decline as interest rates increase. The Funds could lose money if the issuer of a fixed income security is unable to pay interest or repay principal when it is due. The Funds invest in floating rate loans and other floating rate debt securities. Although these investments are generally less sensitive to interest rate changes than other fixed rate instruments, the value of floating rate loans and other floating rate investments may decline if their interest rates do not rise as quickly, or as much, as general interest rates. Many factors can cause interest rates to rise. Some examples include central bank monetary policy, rising inflation rates and general economic conditions. The Funds may face a heightened level of interest rate risk due to certain changes in monetary policy. During periods when interest rates are low or there are negative interest rates, the Funds’ yield (and total return) also may be low or the Funds may be unable to maintain positive returns. The ability of the issuers of debt to meet their obligations may be affected by economic and political developments in a specific industry or region. The value of a Fund’s investments may be adversely affected if any of the issuers or counterparties it is invested in are subject to an actual or perceived deterioration in their credit quality.

Core Plus Bond ETF, High Yield Research Enhanced ETF, Income ETF, International Bond Opportunities ETF, Short Duration Core Plus ETF and USD Emerging Markets Sovereign Bond ETF invest in high yield securities that are not rated or rated below investment grade (commonly known as “junk bonds”). These securities are considered to be high risk investments. Investments in lower-rated securities or unrated securities of comparable quality tend to be more sensitive to economic conditions than higher rated securities. Junk bonds involve a greater risk of default by the issuer because such securities are generally unsecured and are often subordinated to other creditors’ claims. The market price of these securities can change suddenly and unexpectedly. As a result, the Funds are intended for investors who are able and willing to assume a high degree of risk.

International Bond Opportunities ETF and USD Emerging Markets Sovereign Bond ETF may have elements of risk not typically associated with investments in the United States of America due to concentrated investments in a limited number of foreign countries or regions, which may vary throughout the period. Such concentrations may subject each of these Funds to additional risks resulting from political or economic conditions in such countries or regions and the possible imposition of adverse governmental laws or currency exchange restrictions could cause the securities and their markets to be less liquid and their prices to be more volatile than those of comparable U.S. securities.

Derivatives may be riskier than other types of investments because they may be more sensitive to changes in economic and market conditions and could result in losses that significantly exceed the Funds’ original investment. Many derivatives create leverage thereby causing the Funds to be more volatile than they would have been if they had not used derivatives. Derivatives also expose the Funds to counterparty risk (the risk that the derivative counterparty will not fulfill its contractual obligations), including credit risk of the derivative counterparty. The possible lack of a liquid secondary market for derivatives and the resulting inability of the Funds to sell or otherwise close a derivatives position could expose the Funds to losses.

The Funds are also subject to counterparty credit risk, which is the risk that a counterparty fails to perform on agreements with the Funds.

Disruptions to creations and redemptions, the existence of significant market volatility or potential lack of an active trading market for the Shares (including through a trading halt), as well as other factors, may result in Shares trading significantly above (at a premium) or below (at a discount) to the NAV or to the intraday value of the Funds’ holdings. During such periods, investors may incur significant losses if shares are sold.

BetaBuilders 1-5 Year U.S. Aggregate Bond ETF and USD Emerging Markets Sovereign Bond ETF may not track the return of their underlying index for a number of reasons and therefore may not achieve their investment objective. For example, the Funds incur a number of operating expenses not applicable to their underlying index, and incur costs in buying and selling securities, especially when rebalancing the Funds’ securities holdings to reflect changes in the composition of the underlying index. In addition, each Fund’s return may differ from the return of its underlying index as a result of, among other things, pricing differences and the inability to purchase certain securities included in the underlying index due to regulatory or other restrictions. To the extent of the previously outlined items, each Fund’s return may differ from the return of the underlying index.

London Interbank Offered Rate (“LIBOR”) is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market. On March 5, 2021, the U.K. Financial Conduct Authority (“FCA”) publicly announced that (i) immediately after December 31, 2021, publication of the 1-week and 2-month U.S. Dollar LIBOR settings will permanently cease; (ii) immediately after June 30, 2023, publication of the overnight and 12-month U.S. Dollar LIBOR settings will permanently cease; and (iii) immediately after June 30, 2023, the 1-month, 3-month and 6-month U.S. Dollar LIBOR settings will cease to be provided or, subject to the FCA’s consideration of the case, be provided on a synthetic basis and no longer be representative of the underlying market and economic reality they are intended to measure and that representativeness will not be restored. There is no assurance that the dates announced by the FCA will not change or that the administrator of LIBOR and/or regulators will not take further action that could impact the availability, composition or characteristics of LIBOR or the currencies and/or tenors for which LIBOR is published. In addition, certain regulated entities ceased entering into most new LIBOR contracts in connection with regulatory guidance or prohibitions. Public and private sector industry initiatives are currently underway to implement new or alternative reference rates to be used in place of LIBOR. There is no assurance that any such alternative reference rate will be similar to or produce the same value or economic equivalence as LIBOR or that it will have the same volume or liquidity as did LIBOR prior to its discontinuance, unavailability or replacement, all of which may affect the value, volatility, liquidity or return on certain of a Fund’s loans, notes, derivatives and other instruments or investments comprising some or all of a Fund’s investments and result in costs incurred in connection with changing reference rates used for positions, closing out positions and entering into new trades. Certain of a Fund’s investments may transition from LIBOR prior to the dates announced by the FCA. The transition from LIBOR to alternative reference rates may result in operational issues for a Fund or its investments. No assurances can be given as the impact of the LIBOR transition (and the timing of any such impact) on a Fund and its investments.

The Funds, excluding Municipal ETF and Ultra-Short Municipal Income ETF, invest in foreign issuers and foreign securities (including depositary receipts) that are subject to additional risks, including political and economic risks, civil conflicts and war, greater volatility, expropriation and nationalization risks, sanctions or other measures by the United States or other governments, currency fluctuations, higher transaction costs, delayed settlement, possible foreign controls on investment, liquidity risks and less stringent investor protection and disclosure standards of foreign markets. In certain markets where securities and other instruments are not traded “delivery versus payment,” a Fund may not receive timely payment for securities or other instruments it has delivered or receive delivery of securities paid for and may be subject to increased risk that the counterparty will fail to make payments or delivery when due or default completely.

Events and evolving conditions in certain economies or markets may alter the risks associated with investments tied to countries or regions that historically were perceived as comparatively stable becoming riskier and more volatile.

The Funds are subject to infectious disease epidemics/pandemics risk. The worldwide outbreak of COVID-19, a novel coronavirus disease, has negatively affected economies, markets and individual companies throughout the world. The effects of this COVID-19 pandemic to public health, and business and market conditions, including exchange trading suspensions and closures may continue to have a significant negative impact on the performance of a Fund’s investments, increase a Fund’s volatility, negatively impact a Fund’s arbitrage and pricing mechanisms, exacerbate other pre-existing political, social and economic risks to the Funds and negatively impact broad segments of businesses and populations. The Funds’ operations may be interrupted as a result, which may have a significant negative impact on investment performance. In addition, governments, their regulatory agencies, or self-regulatory organizations may take actions in response to the pandemic that affect the instruments in which the Funds invest, or the issuers of such instruments, in ways that could also have a significant negative impact on a Fund’s investment performance. The full impact of this COVID-19 pandemic, or other future epidemics/pandemics, is currently unknown.

Subsequent to February 28, 2022, High Yield Research Enhanced ETF had net redemptions of $664,133,181 primarily from affiliated funds of funds, which represented 46% of the Fund’s net assets as of February 28, 2022.

To the Board of Trustees of J.P. Morgan Exchange-Traded Fund Trust and Shareholders of each of the twelve funds listed in the table below

We have audited the accompanying statements of assets and liabilities, including the schedules of portfolio investments, of each of the funds listed in the table below (twelve of the funds constituting J.P. Morgan Exchange-Traded Fund Trust, hereafter collectively referred to as the “Funds”) as of February 28, 2022, the related statements of operations, of cash flows (for JPMorgan Core Plus Bond ETF) and of changes in net assets for each of the periods indicated in the table below, including the related notes, and the financial highlightsfor each of the periods indicated therein (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of February 28, 2022, the results of each of their operations, of the cash flows (for JPMorgan Core Plus Bond ETF) and the changes in each of their net assets for each of the periods indicated in the table below, and each of the financial highlights for each of the periods indicated therein, in conformity with accounting principles generally accepted in the United States of America.

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

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

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of February 28, 2022 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

We have served as the auditor of one or more investment companies in the JPMorgan Funds complex since 1993.

The Funds’ Statements of Additional Information includes additional information about the Funds’ Trustees and is available, without charge, upon request by calling 1-844-457-6383 or on the J.P. Morgan Funds’ website at www.jpmorganfunds.com.

The contact address for each of the Trustees is 277 Park Avenue, New York, NY 10172.

The contact address for each of the officers, unless otherwise noted, is 277 Park Avenue, New York, NY 10172.

As a shareholder of the Funds, you incur two types of costs: (1) transaction costs, including brokerage commissions on your purchase and sales of Fund Shares and (2) ongoing costs, primarily management fees. The examples assume that you had a $1,000 investment at the beginning of the reporting period, September 1, 2021 and continued to hold your shares at the end of the reporting period, February 28, 2022.

Actual Expenses

For the Fund in the table below, the first line provides information about actual 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 under the heading titled “Expenses Paid During the Period” to estimate the expenses you paid on your account during this period.

JPMorgan Income ETF

On June 8-9, 2021, the Board of Trustees (the “Board” or the “Trustees”) of JPMorgan Exchange-Traded Fund Trust (the “Trust”) held meetings and approved the initial management agreement (the “Management Agreement”) for the JPMorgan Income ETF (the “Fund”). The meetings were held by videoconference in reliance upon the Division of Investment Management Staff Statement on Fund Board Meetings and Unforeseen or Emergency Circumstances Related to Coronavirus Disease 2019. The Management Agreement was approved by a majority of the Trustees who are not “Interested Persons” (as defined in the Investment Company Act of 1940) of any party to that Management Agreement or any of their affiliates. In connection with the approval of the Management Agreement, the Trustees reviewed written materials prepared by the Adviser and received oral presentations from Adviser personnel. Before voting on the proposed Management Agreement, the Trustees reviewed the Management Agreement with representatives of the Adviser and with counsel to the Trust and independent legal counsel to the Trustees and received a memorandum from independent legal counsel discussing the legal standards for their consideration of the proposed Management Agreement. They also considered information they received from the Adviser over the course of the year in connection with their oversight of other funds managed by the Adviser. The Trustees also discussed the proposed Management Agreement with independent legal counsel in executive session at which no representatives of the Adviser were present.

A summary of the material factors evaluated by the Trustees in determining whether to approve the Management Agreement is provided below. The Trustees considered information provided with respect to the Fund and the approval of the Management Agreement. Each Trustee attributed his or her own evaluation of the significance of the various factors, and no factor alone was considered determinative. The Trustees determined that the proposed compensation to be received by the Adviser from the Fund under its Management Agreement was fair and reasonable and that initial approval of the Management Agreement was in the best interests of the Fund and its potential shareholders.

Summarized below are the material factors considered and discussed by the Trustees in reaching their conclusions:

Nature, Extent and Quality of Services Provided by the Adviser

In connection with the approval of the Fund’s initial Management Agreement, the Trustees considered the materials furnished specifically in connection with the approval of the Management Agreement, as well as other relevant information furnished for the Trustees, regarding the nature, extent, and quality of services provided by the adviser. Among other things, the Trustees considered:

(i)

The background and experience of the Adviser’s senior management and investment personnel;

(ii)

The qualifications, backgrounds and responsibilities of the portfolio management team to be primarily responsible for the day-to-day management of the Fund;

(iii)

The investment strategy for the Fund, and the infrastructure supporting the portfolio management team;

(iv)

Information about the structure and distribution strategy of the Fund and how it fits within the Trust’s other fund offerings;

(v)

The administration services to be provided by the Adviser under the Management Agreement;

(vi)

Their knowledge of the nature and quality of the services provided by the Adviser and its affiliates gained from their experience as Trustees of the Trust and in the financial industry generally;

(vii)

The overall reputation and capabilities of the Adviser and its affiliates;

(viii)

The commitment of the Adviser to provide high quality service to the Fund;

(ix)

Their overall confidence in the Adviser’s integrity;

(x)

The Adviser’s responsiveness to requests for additional information, questions or concerns raised by them; and

(xi)

The Adviser’s business continuity plan, steps the Adviser and its affiliates would be taking to provide services to the Fund during the COVID-19 pandemic and the Adviser’s and its affiliates’ success in continuing to provide services to the other J.P. Morgan ETFs and their shareholders throughout this period.

Based upon these considerations and other factors, the Trustees concluded that they were satisfied with the nature, extent and quality of services to be provided to the Fund by the Adviser.

Fall-Out Benefits

The Trustees reviewed information regarding potential “fall-out” or ancillary benefits expected to be received by the Adviser and its affiliates as a result of their relationship with the Fund. Additionally, the Trustees considered that any fall-out or ancillary benefits would be comparable to those related to the other funds in the complex.

The Trustees also considered the benefits the Adviser is expected to receive as the result of JPMorgan Chase Bank, N.A.’s (“JPMCB”), an affiliate of the Adviser, roles as custodian, fund accountant and transfer agent for the Fund, including the profitability of those arrangements to JPMCB.

Economies of Scale

The Trustees considered the extent to which the Fund will benefit from economies of scale. The Trustees noted that the proposed unitary management fee schedule for the Fund does

not contain breakpoints. The Trustees considered that shareholders would benefit because expenses would be limited even when the Fund is new and not achieving economies of scale. The Trustees considered the fact that increases in assets would not lead to fee decreases even if economies of scale are achieved, but also that the Trustees would have the opportunity to further review the appropriateness of the fee payable to the Adviser under its Management Agreement in the future. After considering the factors identified above, the Trustees concluded that the Fund’s shareholders will receive the benefits of potential economies of scale.

Fees Relative to Adviser’s Other Clients

The Trustees requested, received and considered information about the nature and extent of investment advisory services and fee rates offered to other investment companies and/or institutional accounts advised by the Adviser in the same asset class as the Fund. The Trustees noted the Adviser’s view that it does not manage other accounts with a substantially similar investment strategy as that of the Fund. The Trustees concluded that the fees to be charged to the Fund in comparison to those charged to such other clients were reasonable.

Investment Performance

The Trustees considered the Fund’s investment strategy and processes, the portfolio management team and competitive positioning against identified peer funds and concluded that the prospects for competitive future performance were acceptable.

Management Fees and Expense Ratios

The Trustees considered that under the Management Agreement, the Adviser will provide advisory and administrative services and will be responsible for substantially all expenses of the Fund (“unitary fee structure”). The Trustees considered the contractual management fee rate that will be paid by the Fund to the Adviser and compared that rate to information prepared by Broadridge Investor Communications Solutions Inc. (“Broadridge”), an independent provider of investment company data, providing management fee rates paid by other funds in the same Morningstar category as the Fund. The Trustees also compared the management fee for the Fund to fees charged to a mutual fund with a substantially similar strategy managed by the Adviser that is in the same Morningstar category as the Fund. The Trustees also considered the fees paid to JPMCB, for custody, transfer agency and other related services for the Fund and the profitability of these arrangements to JPMCB.

The Trustees considered how the Fund will be positioned against peer funds, as identified by management and/or Broadridge and noted that the Fund’s proposed management fee compared favorably with identified peer funds. The Trustees also noted that because the Fund was not yet operational, no profitability information was available. After considering the factors identified above and other factors, in light of the information, the Trustees concluded that the Fund’s proposed management fee was reasonable.

JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF, JPMorgan Core Plus Bond ETF, JPMorgan Corporate Bond Research Enhanced ETF, JPMorgan High Yield Research Enhanced ETF, JPMorgan International Bond Opportunities ETF, JPMorgan Municipal ETF, JPMorgan Short Duration Core Plus ETF, JPMorgan U.S. Aggregate Bond ETF, JPMorgan Ultra-Short Income ETF, JPMorgan Ultra-Short Municipal Income ETF and JPMorgan USD Emerging Markets Sovereign Bond ETF

The Board of Trustees of the JPMorgan Exchange-Traded Fund Trust (the “Trust”) met regularly throughout the year ended December 31, 2021 (the ‘board of Trustees” or the “Board”) and considered factors that are relevant to their annual consideration of management agreements at each meeting. The Board also meets specifically to consider management agreement annual renewals. The Board of Trustees held meetings on November 9, 2021 and December 14-15, 2021, at which the Trustees considered the continuation of management agreements (each an “Management Agreement” and collectively, the “Management Agreements”) for JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF, JPMorgan Core Plus Bond ETF, JPMorgan Corporate Bond Research Enhanced ETF, JPMorgan High Yield Research Enhanced ETF, JPMorgan International Bond Opportunities ETF, JPMorgan Municipal ETF, JPMorgan Short Duration Core Plus ETF, JPMorgan U.S. Aggregate Bond ETF, JPMorgan Ultra-Short Income ETF and JPMorgan Ultra-Short Municipal Income ETF and JPMorgan USD Emerging Markets Sovereign Bond ETF (the “Funds”). The meetings were held by videoconference in reliance upon the Division of Investment Management Staff Statement on Fund Board Meetings and Unforeseen or Emergency Circumstances Related to Coronavirus Disease 2019. In connection with these meetings, the Board reviewed and considered performance, expense and other information individually for each of the Funds. The Trustees, including a majority of the Trustees who are not “Interested Persons” (as defined in the 1940 Act) of any party to the Management Agreements or any of their affiliates, approved the continuation of each Management Agreement.

As part of their review of the Management Agreements, the Trustees considered and reviewed performance and other information about each Fund received from the Adviser. This information included each Fund’s performance as compared to the performance of its benchmark and analyses by the Adviser of each Fund’s performance. In addition, in preparation for the December meeting, the Trustees requested, received and evaluated extensive materials from the Adviser, including performance and expense information compiled by Broadridge Investor Communications Solutions Inc. (“Broadridge”), an independent provider of investment company data, and met with representatives of Broadridge. Before voting on the Management Agreements, the Trustees reviewed the Management Agreements with representatives of the Adviser, counsel to the Trust and independent legal counsel and received a memorandum from

independent legal counsel to the Trustees discussing the legal standards for their consideration of the Management Agreements. The Trustees also discussed the Management Agreements in executive sessions with independent legal counsel at which no representatives of the Adviser were present.

A summary of the material factors evaluated by the Trustees in determining whether to approve each Management Agreement is provided below. The Trustees considered information provided with respect to the Funds over the course of the year, as well as the materials furnished specifically in connection with this annual renewal process. Each Trustee attributed his or her own evaluation of the significance of the various factors and no factor alone was considered determinative. As part of their review process, the Trustees consider and place emphasis on relevant information in light of changing circumstances in market and economic conditions. The Trustees determined that the compensation received by the Adviser from each Fund under the Management Agreement was fair and reasonable and that the continuance of the Management Agreement was in the best interests of each Fund and its shareholders.

The factors summarized below were considered and discussed by the Trustees in reaching their conclusions:

Nature, Extent and Quality of Services Provided by the Adviser

The Trustees received and considered information regarding the nature, extent and quality of the services provided to each Fund under its respective Management Agreement. The Trustees took into account information furnished throughout the year at Trustee meetings, as well as the materials furnished specifically in connection with this annual review process. Among other things, the Trustees considered:

(i)

The background and experience of the Adviser’s senior management and investment personnel;

(ii)

The qualifications, backgrounds and responsibilities of the portfolio management team primarily responsible for the day-to-day management each of the Funds;

(iii)

The investment strategy for each Fund, and the infrastructure supporting the portfolio management teams;

(iv)

Information about the structure and distribution strategy each of the Funds and how it fits within the Trust’s other fund offerings;

(v)

The administration services provided by the Adviser under the Management Agreements;

(vi)

Their knowledge of the nature and quality of the services provided by the Adviser and its affiliates gained from their experience as Trustees of the Trust and in the financial industry generally;

(vii)

The overall reputation and capabilities of the Adviser and its affiliates;

(viii)

The commitment of the Adviser to provide high quality service to the Funds;

(ix)

Their overall confidence in the Adviser’s integrity;

(x)

The Adviser’s responsiveness to requests for additional information, questions or concerns raised by them; and

(xi)

The Adviser’s business continuity plan and steps the Adviser and its affiliates were taking to provide ongoing services to the Funds during the COVID-19 pandemic, and the Adviser’s and its affiliates’ success in continuing to provide services to the Funds and their shareholders throughout this period.

Based upon these considerations and other factors, the Trustees concluded that they were satisfied with the nature, extent and quality of services to be provided to the Funds by the Adviser.

Costs of Services Provided and Profitability to the Adviser and its Affiliates

The Trustees received, reviewed, considered and discussed information regarding the profitability to the Adviser and its affiliates in providing services to the Funds. The Trustees recognized that this information is not audited and represents the Adviser’s determination of its and its affiliates’ revenues from the contractual services provided to the Funds, less expenses of providing such services. Expenses include direct and indirect costs and are calculated using allocation methodologies developed by the Adviser. The Trustees also recognized that it is difficult to make direct comparisons of profitability from fund management contracts because comparative information is not generally publicly available and is affected by numerous factors, including the structure of the particular adviser, the types of funds it manages, its business mix, numerous assumptions regarding allocations and the fact that publicly-traded fund managers’ operating profits and net income are net of distribution and marketing expenses. Based upon their review, the Trustees concluded that the profitability to the Adviser under each Management Agreement was not unreasonable in light of the services and benefits provided to each Fund.

The Trustees also considered that under the Management Agreements, the Adviser earns fees from the Funds for providing administrative services and considered fees paid to J.P. Morgan Chase Bank, N.A. (“JPMCB”), an affiliate of the Adviser, for custody, transfer agency and other related services for each Fund.

Fall-Out Benefits

The Trustees reviewed information regarding potential “fall-out” or ancillary benefits received by the Adviser and its affiliates as a result of their relationships with the Funds. Additionally, the Trustees considered that any fall-out or ancillary

benefits would be comparable to those related to the other funds in the complex.

The Trustees also considered the benefits the Adviser receives as the result of JPMCB’s roles as custodian, fund accountant and transfer agent for the Fund.

Economies of Scale

The Trustees considered the extent to which each Fund will benefit from economies of scale. The Trustees noted that the management fee schedule for the Funds does not contain breakpoints. The Trustees considered that shareholders would benefit because expenses would be limited even when a Fund was new and not achieving economies of scale. The Trustees considered the fact that increases in assets would not lead to fee decreases even if economies of scale are achieved, but also that the Trustees would have the opportunity to further review the appropriateness of the fee payable to the Adviser under the Management Agreement in the future. After considering the factors identified above, the Trustees concluded that the Fund’s shareholders will receive the benefits of potential economies of scale.

Fees Relative to Adviser’s Other Clients

The Trustees requested and received and considered information about the nature and extent of investment advisory services and fee rates offered to other investment companies and/or institutional accounts advised by the Adviser in the same asset class as each Fund. The Trustees noted the Adviser’s view that it does not manage other accounts with substantially similar investment strategies as that of the Funds other than the JPMorgan Core Plus Bond ETF and JPMorgan Short Duration Core Plus ETF. The Trustees concluded that the fees charged to each Fund in comparison to those charged to such other clients were reasonable.

Investment Performance

The Trustees received and considered absolute and relative performance information for Funds with at least one-year of performance history in a report prepared by Broadridge, except for the JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF, JPMorgan Short Duration Core Plus ETF and JPMorgan USD Emerging Markets Sovereign Bond ETF for which performance information was compared against each Fund’s benchmark index. The Trustees considered the total return performance information, which included ranking the Funds within a performance universe made up of funds with the same Morningstar investment classification and objective (the “Universe”), as well as a subset of funds within the Universe (the “Peer Group”), by total return for applicable one- and three-year periods. The Trustees reviewed a description of Broadridge’s methodology for selecting exchange-traded funds in each Fund’s Peer Group and Universe and noted that the

Peer Group quintile rankings were not calculated if the number of funds in the Peer Group did not meet a predetermined minimum. The Trustees also considered each Fund’s investment strategy and processes, portfolio management teams and competitive positioning against peer funds, as identified by Broadridge and/or management. As part of this review, the Trustees reviewed each Fund’s performance against its benchmark and considered each Fund’s performance information provided at regular Board meetings by the Adviser. After consideration, the Trustees determined that each Fund’s performance was consistent with its investment objective. The Broadridge performance data noted by the Trustees as part of their review and the determinations made by the Trustees with respect to each Fund’s performance are summarized below:

The Trustees noted the performance of the JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF as compared with that of its benchmark index. The Trustees discussed the performance and investment strategy of the Fund with the Adviser and based upon these discussions and various other factors, the Trustees concluded that the Fund’s performance was satisfactory.

The Trustees noted that the JPMorgan Core Plus Bond ETF’s performance was in the fourth and second quintiles based upon the Peer Group and Universe, respectively, for the one-year period ended August 31, 2021. The Trustees discussed the performance and investment strategy of the Fund with the Adviser and based upon these discussions and various other factors, the Trustees concluded that the Fund’s performance was satisfactory.

The Trustees noted that the JPMorgan Corporate Bond Research Enhanced ETF’s performance was in the fourth quintile based upon both the Peer Group and Universe for the one-year period ended August 31, 2021. The Trustees discussed the performance and investment strategy of the Fund with the Adviser and based upon these discussions and various other factors, the Trustees concluded that the Fund’s performance was satisfactory.

The Trustees noted that the JPMorgan High Yield Research Enhanced ETF’s performance was in the fourth quintile based upon the Peer Group for the one-year period ended August 31, 2021, and in the third and second quintiles based upon the Universe for the one- and three-year periods ended August 31, 2021, respectively. The Trustees discussed the performance and investment strategy of the Fund with the Adviser and based upon these discussions and various other factors, the Trustees concluded that the Fund’s performance was satisfactory.

The Trustees noted that the JPMorgan International Bond Opportunities ETF’s performance was in the third and second quintiles based upon the Universe, for the one- and three-year periods ended August 31, 2021, respectively. (Broadridge did not calculate a quintile ranking for the Peer Group for this

fund.) The Trustees discussed the performance and investment strategy of the Fund with the Adviser and based upon these discussions and various other factors, the Trustees concluded that the Fund’s performance was satisfactory.

The Trustees noted that the JPMorgan Municipal ETF’s performance was in the fourth quintile based upon both the Peer Group and Universe for the one-year period ended August 31, 2021. The Trustees discussed the performance and investment strategy of the Fund with the Adviser and based upon these discussions and various other factors, the Trustees concluded that the Fund’s performance was satisfactory.

The Trustees noted the performance of the JPMorgan Short Duration Core Plus ETF as compared with that of its benchmark index. The Trustees discussed the performance and investment strategy of the Fund with the Adviser and based upon these discussions and various other factors, the Trustees concluded that the Fund’s performance was satisfactory.

The Trustees noted that the JPMorgan U.S. Aggregate Bond ETF’s performance was in the fifth quintile based upon both the Peer Group and Universe for the one-year period ended August 31, 2021. The Trustees discussed the performance and investment strategy of the Fund with the Adviser and based upon these discussions and various other factors, the Trustees concluded that the Fund’s performance was satisfactory.

The Trustees noted that the JPMorgan Ultra-Short Income ETF’s performance was in the third and first quintiles based upon the Peer Group, and in the second and first quintiles based upon the Universe, for the one- and three-year periods ended August 31, 2021. The Trustees discussed the performance and investment strategy of the Fund with the Adviser and based upon these discussions and various other factors, the Trustees concluded that the Fund’s performance was satisfactory.

The Trustees noted that the JPMorgan Ultra-Short Municipal Income ETF’s performance was in the fourth quintile based upon the Universe for the one-year period ended August 31, 2021. (Broadridge did not calculate a quintile ranking for the Peer Group for this fund.) The Trustees discussed the performance and investment strategy of the Fund with the Adviser and based upon these discussions and various other factors, the Trustees concluded that the Fund’s performance was satisfactory.

The Trustees noted the performance of the JPMorgan USD Emerging Markets Sovereign Bond ETF as compared with that of its benchmark index. The Trustees discussed the performance and investment strategy of the Fund with the Adviser and based upon these discussions and various other factors, the Trustees concluded that the Fund’s performance was satisfactory.

Management Fees and Expense Ratios

The Trustees considered the contractual management fee rate paid by each Fund to the Adviser and compared the rate to the information prepared by Broadridge concerning management fee rates paid by other funds in the same Morningstar category as each Fund. This review included ranking of each Fund within an expense universe made up of funds with the same Morningstar investment classification and objective (the “Universe”), as well as a subset of funds within the Universe (the “Peer Group”). The Trustees reviewed a description of Broadridge’s methodology for selecting funds in the Peer Group and Universe, as applicable, and noted that the Peer Group quintile rankings were not calculated if the number of funds in the Peer Group did not meet a predetermined minimum. The Trustees also reviewed information about other expenses and the total expense ratio for each Fund. The Trustees compared the management fee for each Fund to fees charged to mutual funds and/or institutional accounts with similar investment objectives or in similar asset classes managed by the Adviser. The Trustees recognized that it is difficult to make comparisons of management fees because there are variations in the services that are included in the fees paid by other accounts. The Trustees considered how the Funds are positioned against peer funds, as identified by management and/or Broadridge and noted that each Fund’s management fee was appropriate as compared to identified peer funds. The Trustees’ determinations as a result of the review of each Fund’s management fees and expense ratios are summarized below:

The Trustees noted that the JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF’s net management fee and actual total expenses were in the first quintile of both the Peer Group and Universe. After considering the factors identified above, in light of this information, the Trustees concluded that the management fee was reasonable.

The Trustees noted that the JPMorgan Core Plus Bond ETF’s net management fee and actual total expenses were in the second and third quintiles, of the Peer Group and Universe, respectively. After considering the factors identified above, in light of this information, the Trustees concluded that the management fee was reasonable.

The Trustees noted that the JPMorgan Corporate Bond Research Enhanced ETF’s net management fee and actual total expenses were in the first quintile of the Peer Group, and in the third and second quintiles, respectively, of the Universe. After considering the factors identified above, in light of this information, the Trustees concluded that the management fee was reasonable.

The Trustees noted that the JPMorgan High Yield Research Enhanced ETF’s net management fee and actual total expenses were in the first quintile of both the Peer Group and Universe. After considering the factors identified above, in light of this information, the Trustees concluded that the management fee was reasonable.

The Trustees noted that the JPMorgan International Bond Opportunities ETF’s net management fee was in the third and fourth quintiles of the Peer Group and Universe, respectively, and that the actual total expenses were in the second and third quintiles of the Peer Group and Universe, respectively. After considering the factors identified above, in light of this information, the Trustees concluded that the management fee was reasonable.

The Trustees noted that the JPMorgan Municipal ETF’s net management fee was in the first and second quintiles of the Peer Group and Universe, respectively, and that the actual total expenses were in the first quintile of both the Peer Group and Universe. After considering the factors identified above, in light of this information, the Trustees concluded that the management fee was reasonable.

The Trustees noted that the JPMorgan Short Duration Core Plus ETF’s net management fee was in the third and fifth quintiles of the Peer Group and Universe, respectively, and that the actual total expenses were and in the second and fourth quintiles of the Peer Group and Universe, respectively. After considering the factors identified above, in light of this information, the Trustees concluded that the management fee was reasonable.

The Trustees noted that the JPMorgan U.S. Aggregate Bond ETF’s net management fee and actual total expenses were both in the first and second quintiles of the Peer Group and Universe, respectively. After considering the factors identified above, in light of this information, the Trustees concluded that the management fee was reasonable.

The Trustees noted that the JPMorgan Ultra-Short Income ETF’s net management fee and actual total expenses were both in the first and third quintiles of the Peer Group and Universe, respectively. After considering the factors identified above, in light of this information, the Trustees concluded that the management fee was reasonable.

The Trustees noted that the JPMorgan Ultra-Short Municipal Income ETF’s net management fee and actual total expenses were both in the first quintile of the Universe. (Broadridge did not calculate a quintile ranking for the Peer Group for this fund.) After considering the factors identified above, in light of this information, the Trustees concluded that the management fee was reasonable.

The Trustees noted that the JPMorgan USD Emerging Markets Sovereign Bond ETF’s net management fee was in the fourth quintile of both the Peer Group and Universe, and that the actual total expenses were in the third quintile of both the Peer Group and Universe. After considering the factors identified above, in light of this information, the Trustees concluded that the management fee was reasonable.

Each of the Funds covered in this report has adopted the J.P. Morgan Funds and J.P. Morgan Exchange-Traded Funds Amended and Restated Liquidity Risk Management Program (the “Program”) under Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”). The Program seeks to assess, manage and review each Fund’s Liquidity Risk. “Liquidity Risk” is defined as the risk that a fund could not meet requests to redeem shares issued by the fund without significant dilution of remaining investors’ interests in the fund. Among other things, the Liquidity Rule requires that a written report be provided to the Board of Trustees (the “Board”) on an annual basis that addresses the operation of the Program and assesses the adequacy and effectiveness of its implementation, including the operation of any Highly Liquid Investment Minimum (“HLIM”), where applicable, and any material changes to the Program.

The Board has appointed J.P. Morgan Asset Management’s Liquidity Risk Forum to be the program administrator for the Program (the “Program Administrator”). In addition to regular reporting at each of its quarterly meetings, on February 8, 2022, the Board reviewed the Program Administrator’s annual written report (the “Report”) concerning the operation of the Program for the period from January 1, 2021 through December 31, 2021 (the “Program Reporting Period”). The Report addressed the operation of the Program and assessed its adequacy and effectiveness of implementation, including, where applicable, the operation of a Fund’s HLIM. During the Program Reporting Period, the Program was amended, pursuant to an exemptive order from the Securities and Exchange Commission, to permit the Funds to use liquidity definitions and classification methodologies that differ from the requirements under the Liquidity Rule in some respects. The Report discussed the implementation of these changes. No other material changes were made to the Program during the Program Reporting Period.

The Report summarized the operation of the Program and the information and factors considered by the Program Administrator in assessing whether the Program has been adequately and effectively implemented with respect to each Fund. Such information and factors included, among other things: (1) the effectiveness of the Program with respect to the identification of each Fund that qualifies as an “In-Kind ETF” (as defined in the Liquidity Rule); (2) the liquidity risk framework used to assess, manage, and periodically review each Fund’s Liquidity Risk and the results of this assessment; (3) the methodology and inputs for classifying the investments of a Fund (other than an In-Kind ETF) into one of the required liquidity categories that reflect an estimate of the liquidity of those investments under current market conditions (and, for In-Kind ETFs, the methodology and inputs for determining whether any investments should be classified as “Illiquid Investments” (as defined or modified under the Program)); (4) whether a Fund (other than an In-Kind ETF) invested primarily in “Highly Liquid Investments” (as defined or modified under the Program); (5) whether an HLIM should be established for a Fund (other than an In-Kind ETF) and the procedures for monitoring any HLIM; (6) whether a Fund invested more than 15% of its assets in “Illiquid Investments” and the procedures for monitoring for this limit; and (7) specific liquidity events arising during the Program Reporting Period. The Report further summarized the conditions of the exemptive order.

Based on this review, the Report concluded that: (1) the Program continues to be reasonably designed to effectively assess and manage each Fund’s Liquidity Risk; and (2) the Program has been adequately and effectively implemented with respect to each Fund during the Program Reporting Period.

Certain tax information for the J.P. Morgan Funds is required to be provided to shareholders based upon the Funds’ income and distributions for the taxable year ended February 28, 2022. The information and distributions reported in this letter may differ from the information and taxable distributions reported to the shareholders for the calendar year ending December 31, 2022. The information necessary to complete your income tax returns for the calendar year ending December 31, 2022 will be provided under separate cover.

Long Term Capital Gain

Each Fund listed below distributed the following amount, or maximum allowable amount, of long-term capital gain dividends for the fiscal year ended February 28, 2022:


	Long-Term Capital Gain Distribution
JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF	$	192,019
JPMorgan Core Plus Bond ETF		295,433
JPMorgan Corporate Bond Research Enhanced ETF		493,458
JPMorgan Municipal ETF		217,354
JPMorgan Short Duration Core Plus ETF		17,709
JPMorgan U.S. Aggregate Bond ETF		1,327,003
JPMorgan Ultra-Short Income ETF		299,095

Tax-Exempt Income

Each Fund listed below had the following amount, or maximum allowable amount, of dividends paid from investment income that are exempt from federal income tax for the fiscal year ended February 28, 2022:


	Exempt Distributions Paid
JPMorgan Municipal ETF	$	1,363,517
JPMorgan Ultra-Short Municipal Income ETF		5,044,080

Qualified Interest Income (QII) and Short-Term Capital Gain

Each Fund listed below paid the following amount, or maximum allowable amount, of ordinary distributions treated as qualified interest income and short-term capital gain for the fiscal year ended February 28, 2022:


	Qualified Interest Income		Short-Term Gain
JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF	$	508,870	$	12,439
JPMorgan Core Plus Bond ETF		3,376,498		150,623
JPMorgan Corporate Bond Research Enhanced ETF		1,198,443		—
JPMorgan High Yield Research Enhanced ETF		57,696,969		—
JPMorgan Income ETF		752,223		—
JPMorgan International Bond Opportunities ETF		976,849		—
JPMorgan Short Duration Core Plus ETF		1,066,337		11,862
JPMorgan U.S. Aggregate Bond ETF		11,848,626		2,458
JPMorgan Ultra-Short Income ETF		46,740,085		—

Each Fund listed below had the following percentage, or the maximum allowable percentage, of income earned from direct U.S. Treasury Obligations for the fiscal year ended February 28, 2022:


	Income from U.S. Treasury Obligations
JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF		46.4	%
JPMorgan Corporate Bond Research Enhanced ETF		0.4
JPMorgan Short Duration Core Plus ETF		4.1
JPMorgan U.S. Aggregate Bond ETF		28.4
JPMorgan Ultra-Short Income ETF		0.2

The Trust held a special meeting of shareholders on October 27, 2021, for the purpose of considering and voting upon the election of Trustees:

Trustees were elected by the shareholders of all of the series of the Trust (other than Funds that launched subsequent to the record date), including each the Funds, with the exception of JPMorgan Income ETF. The results of the voting were as follows:


	Votes Received (Amounts in thousands)
Independent Nominee
John F. Finn
In Favor		932,618
Withheld		6,740

Steven P. Fisher
In Favor		937,481
Withheld		1,877

Gary L. French
In Favor		936,343
Withheld		3,014

Kathleen M. Gallagher
In Favor		937,527
Withheld		1,831

Robert J. Grassi
In Favor		936,385
Withheld		2,973

Frankie D. Hughes
In Favor		937,172
Withheld		2,186

Raymond Kanner
In Favor		937,371
Withheld		1,987

Thomas P. Lemke
In Favor		936,312
Withheld		3,046


	Votes Received (Amounts in thousands)
Lawrence R. Maffia
In Favor		935,575
Withheld		3,783

Mary E. Martinez
In Favor		937,595
Withheld		1,762

Marilyn McCoy
In Favor		937,226
Withheld		2,132

Dr. Robert A. Oden, Jr.
In Favor		932,572
Withheld		6,785

Marian U. Pardo
In Favor		937,464
Withheld		1,894

Emily A. Youssouf
In Favor		936,422
Withheld		2,936

Interested Nominee
Robert F. Deutsch
In Favor		936,144
Withheld		3,214

Nina O. Shenker
In Favor		937,258
Withheld		2,100

J.P. Morgan Exchange-Traded Funds are distributed by JPMorgan Distribution Services, Inc., an indirect, wholly-owned subsidiary of JPMorgan Chase & Co.

Contact J.P. Morgan Exchange-Traded Funds at 1-844-457-6383 (844-4JPM ETF) for a fund prospectus. You can also visit us at www.jpmorganfunds.com. Investors should carefully consider the investment objectives and risks as well as charges and expenses of the fund before investing. The prospectus contains this and other information about the fund. Read the prospectus carefully before investing.

Investors may obtain information about the Securities Investor Protection Corporation (SIPC), including the SIPC brochure, by visiting www.sipc.org or by calling SIPC at 202-371-8300.

Each Fund files a complete schedule of its fund holdings for the first and third quarters of its fiscal year with the SEC as an exhibit to its report on Form N-PORT. The Funds’ Form N-PORT reports are available on the SEC’s website at http://www.sec.gov. The Fund’s quarterly holdings can be found by visiting the J.P. Morgan Funds’ website at www.jpmorganfunds.com.

A description of each Fund’s policies and procedures with respect to the disclosure of each Fund’s holdings is available in the prospectus and Statement of Additional Information.

A copy of proxy policies and procedures is available without charge upon request by calling 1-844-457-6383 and on the Funds’ website at www.jpmorganfunds.com. A description of such policies and procedures is on the SEC’s website at www.sec.gov. The Trustees have delegated the authority to vote proxies for securities owned by the Fund to the Adviser. A copy of the Funds’ voting record for the most recent 12-month period ended June 30 is available on the SEC’s website at www.sec.gov or at the Funds’ website at www.jpmorganfunds.com no later than August 31 of each year. The Funds’ proxy voting record will include, among other things, a brief description of the matter voted on for each fund security, and will state how each vote was cast, for example, for or against the proposal.

J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide.


REPORTING PERIOD RETURN:
Net Asset Value*		(2.29)%
Market Price**		(2.44)%
Bloomberg Short-Term U.S. Aggregate Bond Index (formerly known as Bloomberg Barclays Short-Term U.S. Aggregate Bond Index)		(2.22)%

Net Assets as of 2/28/2022	$	34,892,895
Duration as of 2/28/2022		2.8 Years
Fund Ticker		BBSA


REPORTING PERIOD RETURN:
Net Asset Value*		(1.66)%
Market Price**		(1.73)%
Bloomberg U.S. Aggregate Index (formerly known as Bloomberg Barclays U.S. Aggregate Index)		(2.64)%

Net Assets as of 2/28/2022	$	276,853,932
Duration as of 2/28/2022		6.2 Years
Fund Ticker		JCPB


AVERAGE ANNUAL TOTAL RETURNS AS OF FEBRUARY 28, 2022 (Unaudited)
	INCEPTION DATE		1 YEAR		SINCE INCEPTION
JPMorgan Core Plus Bond ETF
Net Asset Value		January 28, 2019		(1.66)%		4.29	%
Market Price				(1.73)%		4.37	%


REPORTING PERIOD RETURN:
Net Asset Value*		(3.67)%
Market Price**		(3.83)%
Bloomberg U.S. Corporate Index (formerly known as Bloomberg Barclays U.S. Corporate Bond Index)		(3.40)%

Net Assets as of 2/28/2022	$	51,478,693
Duration as of 2/28/2022		8.3 Years
Ticker		JIGB


AVERAGE ANNUAL TOTAL RETURNS AS OF FEBRUARY 28, 2022 (Unaudited)
	INCEPTION DATE		1 YEAR		SINCE INCEPTION
JPMorgan Corporate Bond Research Enhanced ETF
Net Asset Value		December 12, 2018		(3.67)%		5.19	%
Market Price				(3.83)%		5.23	%


	Ticker	Listing Exchange
JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF	BBSA	Cboe BZX Exchange, Inc.
JPMorgan Core Plus Bond ETF	JCPB	Cboe BZX Exchange, Inc.
JPMorgan Corporate Bond Research Enhanced ETF	JIGB	NYSE Arca
JPMorgan High Yield Research Enhanced ETF	JPHY	Cboe BZX Exchange, Inc.
JPMorgan Income ETF	JPIE	NYSE Arca
JPMorgan International Bond Opportunities ETF	JPIB	Cboe BZX Exchange, Inc.
JPMorgan Municipal ETF	JMUB	Cboe BZX Exchange, Inc.
JPMorgan Short Duration Core Plus ETF	JSCP	NYSE Arca
JPMorgan U.S. Aggregate Bond ETF	JAGG	NYSE Arca
JPMorgan Ultra-Short Income ETF	JPST	Cboe BZX Exchange, Inc.
JPMorgan Ultra-Short Municipal Income ETF	JMST	Cboe BZX Exchange, Inc.
JPMorgan USD Emerging Markets Sovereign Bond ETF	JPMB	NYSE Arca


President’s Letter			1

Market Overview			2

Fund Commentaries:

JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF			3

JPMorgan Core Plus Bond ETF			5

JPMorgan Corporate Bond Research Enhanced ETF			7

JPMorgan High Yield Research Enhanced ETF			9

JPMorgan Income ETF			12

JPMorgan International Bond Opportunities ETF			14

JPMorgan Municipal ETF			17

JPMorgan Short Duration Core Plus ETF			19

JPMorgan U.S. Aggregate Bond ETF			21

JPMorgan Ultra-Short Income ETF			23

JPMorgan Ultra-Short Municipal Income ETF			25

JPMorgan USD Emerging Markets Sovereign Bond ETF			27

Schedules of Portfolio Investments			30

Financial Statements			491

Financial Highlights			506

Notes to Financial Statements			508

Report of Independent Registered Public Accounting Firm			541

Trustees			542

Officers			545

Schedule of Shareholder Expenses			546

Board Approval of Initial Management Agreement			547

Board Approval of Management Agreements			549

Liquidity Risk Management Program			553

Tax Letter			554

Special Shareholder Meeting Results			555


REPORTING PERIOD RETURN:
Net Asset Value*		0.32%
Market Price**		0.40%
Bloomberg US Corporate High Yield – 2% Issuer Capped Index (formerly known as Bloomberg Barclays U.S. Corporate High Yield — 2% Issuer Capped Index)		0.64%

Net Assets as of 2/28/2022	$	1,453,558,764
Duration as of 2/28/2022		4.5 Years
Fund Ticker		JPHY


PORTFOLIO COMPOSITION BY INDUSTRY AS OF FEBRUARY 28, 2022	PERCENT OF TOTAL INVESTMENTS
Oil, Gas & Consumable Fuels		12.0	%
Hotels, Restaurants & Leisure		8.2
Media		7.5
Health Care Providers & Services		6.5
Diversified Telecommunication Services		6.2
Consumer Finance		4.8
Equity Real Estate Investment Trusts (REITs)		3.6
Pharmaceuticals		3.1
Commercial Services & Supplies		3.0
Chemicals		2.5
Aerospace & Defense		2.5
Food Products		2.3
Auto Components		2.2
Electric Utilities		2.1
Specialty Retail		2.1
Metals & Mining		2.1
Containers & Packaging		1.9
Thrifts & Mortgage Finance		1.8
Trading Companies & Distributors		1.7
Capital Markets		1.5
Software		1.5
Airlines		1.5
Entertainment		1.5
Building Products		1.3
Wireless Telecommunication Services		1.1
Food & Staples Retailing		1.0
Communications Equipment		1.0
Others (each less than 1.0%)		12.0
Short-Term Investments		1.5


REPORTING PERIOD RETURN:
Net Asset Value*		(1.36)%
Market Price**		(0.94)%
Bloomberg U.S. Aggregate Index (formerly known as Bloomberg Barclays U.S. Aggregate Index)		(3.17)%

Net Assets as of 2/28/2022	$	137,861,001
Duration as of 2/28/2022		2.3 Years
Fund Ticker		JPIE


TOTAL RETURNS AS OF FEBRUARY 28, 2022 (Unaudited)
	INCEPTION DATE		CUMULATIVE SINCE INCEPTION
JPMorgan Income ETF
Net Asset Value		October 28, 2021		(1.36	)%
Market Price				(0.94	)%


REPORTING PERIOD RETURN:
Net Asset Value*		(1.56)%
Market Price**		(2.10)%
Bloomberg Multiverse ex-USA (USD Hedged) Index (formerly known as Bloomberg Barclays Multiverse ex-USA (USD Hedged) Index)		(2.05)%
Bloomberg Multiverse Index (formerly known as Bloomberg Barclays Multiverse Index)		(5.24)%

Net Assets as of 2/28/2022	$	323,118,565
Duration as of 2/28/2022		2.6 Years
Fund Ticker		JPIB


PORTFOLIO COMPOSITION BY COUNTRY AS OF FEBRUARY 28, 2022	PERCENT OF TOTAL INVESTMENTS
United States		11.4	%
France		8.5
United Kingdom		8.3
Canada		8.0
Italy		7.0
Germany		7.0
China		5.5
Spain		5.3
Brazil		5.0
Australia		3.8
Mexico		3.1
Netherlands		2.7
Portugal		2.1
Luxembourg		2.0
Indonesia		1.9
Switzerland		1.8
South Africa		1.6
Ireland		1.1
Belgium		1.1
Sweden		1.0
Others (each less than 1.0%)		8.7
Short-Term Investments		3.1


REPORTING PERIOD RETURN:
Net Asset Value*		(0.63)%
Market Price**		(0.55)%
Bloomberg U.S. 1-15 Year Blend (1-17) Municipal Bond Index (formerly known as Bloomberg Barclays U.S. 1-15 Year Blend (1-17) Municipal Bond Index)		(1.12)%

Net Assets as of 2/28/2022	$	100,642,548
Duration as of 2/28/2022		5.1 Years
Fund Ticker		JMUB


REPORTING PERIOD RETURN:
Net Asset Value*		(1.63)%
Market Price**		(1.61)%
Bloomberg 1-5 Year Government/Credit Index		(2.20)%

Net Assets as of 2/28/2022	$	192,461,679
Duration as of 2/28/2022		2.3 Years
Fund Ticker		JSCP


REPORTING PERIOD RETURN:
Net Asset Value*		(2.74)%
Market Price**		(2.69)%
Bloomberg U.S. Aggregate Index (formerly known as Bloomberg Barclays U.S. Aggregate Index)		(2.64)%

Net Assets as of 2/28/2022	$	1,024,267,076
Duration as of 2/28/2022		6.5 Years
Fund Ticker		JAGG


REPORTING PERIOD RETURN:
Net Asset Value*		(0.12)%
Market Price**		(0.12)%
ICE BofAML 3-Month US Treasury Bill Index		0.04%

Net Assets as of 2/28/2022	$	18,686,174,480
Duration as of 2/28/2022		0.3 Years
Fund Ticker		JPST


REPORTING PERIOD RETURN:
Net Asset Value*		(0.19)%
Market Price**		(0.29)%
Bloomberg 1 Year Municipal Bond Index (formerly known as Bloomberg Barclays 1-Year Municipal Bond Index)		(0.61)%

Net Assets as of 2/28/2022	$	3,116,619,866
Duration as of 2/28/2022		0.7 Years
Fund Ticker		JMST


REPORTING PERIOD RETURN:
Net Asset Value*		(7.98)%
Market Price**		(6.78)%
JPMorgan Emerging Markets Risk-Aware Bond Index		(7.61)%

Net Assets as of 2/28/2022	$	69,475,995
Duration as of 2/28/2022		7.6 Years
Fund Ticker		JPMB


Futures contracts outstanding as of February 28, 2022:
DESCRIPTION	NUMBER OF CONTRACTS			EXPIRATION DATE		TRADING CURRENCY		NOTIONAL AMOUNT ($)			VALUE AND UNREALIZED APPRECIATION (DEPRECIATION) ($)
Long Contracts
U.S. Treasury 2 Year Note		72			06/2022		USD		15,487,312			23,594
U.S. Treasury 5 Year Note		13			06/2022		USD		1,537,148			(127	)
U.S. Treasury 10 Year Note		23			06/2022		USD		2,930,703			10,256
U.S. Treasury 10 Year Ultra Note		9			06/2022		USD		1,272,938			2,559
U.S. Treasury Long Bond		12			06/2022		USD		1,883,250			13,443
U.S. Treasury Ultra Bond		13			06/2022		USD		2,425,313			22,128

												71,853

Short Contracts
U.S. Treasury 5 Year Note		(1	)		06/2022		USD		(118,242	)		(471	)
U.S. Treasury 10 Year Note		(2	)		06/2022		USD		(254,844	)		(1,614	)
U.S. Treasury 10 Year Ultra Note		(3	)		06/2022		USD		(424,312	)		(4,108	)

												(6,193	)

												65,660


Forward foreign currency exchange contracts outstanding as of February 28, 2022:
CURRENCY PURCHASED		CURRENCY SOLD		COUNTERPARTY	SETTLEMENT DATE		UNREALIZED APPRECIATION (DEPRECIATION) ($)
BRL	4,056,003	USD	764,995	Citibank, NA^**		3/15/2022		19,545
CAD	974,911	USD	769,093	Goldman Sachs International		3/15/2022		111
CNY	4,905,512	USD	769,093	Standard Chartered Bank^**		3/15/2022		6,562
MXN	15,832,621	USD	769,093	Goldman Sachs International		3/15/2022		2,182
USD	770,773	CAD	974,911	Goldman Sachs International		3/15/2022		1,570
USD	776,024	ZAR	11,693,937	State Street Corp.		3/15/2022		16,805

Total unrealized appreciation								46,775

USD	774,401	BRL	4,056,003	Standard Chartered Bank^**		3/15/2022		(10,139	)
USD	769,998	CNY	4,905,512	BNP Paribas^**		3/15/2022		(5,657	)
USD	770,605	MXN	15,832,621	Citibank, NA		3/15/2022		(669	)
ZAR	11,109,841	USD	730,923	Citibank, NA		3/15/2022		(9,626	)
ZAR	584,096	USD	38,170	Goldman Sachs International		3/15/2022		(248	)

Total unrealized depreciation								(26,339	)

Net unrealized appreciation								20,436


Centrally Cleared Credit default swap contracts outstanding — buy protection^(a) as of February 28, 2022:
Reference Obligation/Index	Financing Rate Paid by the Fund (%)		Payment Frequency		Maturity Date		Implied Credit Spread (%)^(b)		Notional Amount^(c)		Upfront Payments (Receipts) ($)^(d)		Unrealized Appreciation (Depreciation) ($)		Value ($)
CDX.NA.HY.37-V1		5.00		Quarterly		12/20/2026		3.64		USD 1,536,000		(78,735)		(22,996)		(101,731)
CDX.NA.HY.37-V1		5.00		Quarterly		12/20/2026		3.64		USD 1,024,000		(53,761)		(14,061)		(67,822)

												(132,496)		(37,057)		(169,553)


Abbreviations

CDX		Credit Default Swap Index
USD		United States Dollar


BRL		BrazilianReal
CAD		CanadianDollar
CNY		ChinaYuan
MXN		MexicanPeso
USD		UnitedStates Dollar
ZAR		SouthAfrican Rand


Over-the-Counter (“OTC”) Credit default swap contracts outstanding — buy protection (a) as of February 28, 2022:
REFERENCE OBLIGATION/INDEX	FINANCING RATE PAID BY THE FUND (%)	PAYMENT FREQUENCY		COUNTERPARTY	MATURITY DATE		IMPLIED CREDIT SPREAD (%) (b)		NOTIONAL AMOUNT (c)		UPFRONT PAYMENTS (RECEIPTS) ($) (d)		UNREALIZED APPRECIATION (DEPRECIATION) ($)		VALUE ($)
Russian Federation, 2.25%, 3/31/2030	1.00		Quarterly	Citibank, NA		12/20/2026		21.75	USD	80,000		1,190		36,141		37,331
Russian Federation, 2.25%, 3/31/2030	1.00		Quarterly	Citibank, NA		12/20/2026		21.75	USD	81,000		1,191		36,606		37,797
Russian Federation, 2.25%, 3/31/2030	1.00		Quarterly	Merrill Lynch International		12/20/2026		21.75	USD	333,000		2,852		152,538		155,390
Russian Federation, 2.25%, 3/31/2030	1.00		Quarterly	Merrill Lynch International		12/20/2026		21.75	USD	41,500		486		18,879		19,365

												5,719		244,164		249,883


	NET UPFRONT PAYMENTS (RECEIPTS) ($)		VALUE ($)
Assets
OTC Credit default swap contracts outstanding — buy protection		5,719		249,883


(j)		Amount rounds to less than 0.1% of net assets.
(k)		Defaulted security.
(l)		Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.
(m)		The rate shown is the current yield as of February 28, 2022.
*		Non-income producing security.
‡		Value determined using significant unobservable inputs.


Centrally Cleared Interest rate swap contracts outstanding as of February 28, 2022:
FLOATING RATE INDEX (a)	FIXED RATE		PAY/ RECEIVE FLOATING RATE		MATURITY DATE		NOTIONAL AMOUNT		UPFRONT PAYMENTS (RECEIPTS) ($)		VALUE AND UNREALIZED APPRECIATION (DEPRECIATION) ($)
6 month EURIBOR semi-annually		(0.08) annually		Receive		12/21/2024	EUR	27,000,000		—		339,523
6 month EURIBOR semi-annually		0.11 annually		Receive		12/14/2031	EUR	6,900,000		—		487,236
6 month EURIBOR semi-annually		0.83 annually		Pay		2/15/2032	EUR	7,200,000		—		37,071
1 day SONIA annually		1.05 annually		Receive		1/26/2032	GBP	5,500,000		—		69,266
1 day SONIA annually		1.12 annually		Receive		3/16/2032	GBP	6,200,000		—		220,765
3 month LIBOR quarterly		1.80 semi-annually		Receive		6/24/2051	USD	2,850,000		—		96,120

										—		1,249,981

1 day TONAR annually		0.27 annually		Receive		3/16/2032	JPY	950,000,000		—		(46,187	)
6 month EURIBOR semi-annually		0.66 annually		Pay		1/28/2032	EUR	6,000,000		—		(150,744	)
3 month LIBOR quarterly		0.94 semi-annually		Pay		6/24/2026	USD	4,325,000		—		(151,512	)
1 day SONIA annually		1.51 annually		Receive		2/11/2032	GBP	3,250,000		—		(46,612	)

										—		(395,055	)

										—		854,926


FLOATING RATE INDEX	VALUE
1 day SONIA		0.45	%
1 day TONAR		(0.00	)(b)
3 Month LIBOR		0.50
6 Month EURIBOR		(0.49	)


	JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF			JPMorgan Core Plus Bond ETF			JPMorgan Corporate Bond Research Enhanced ETF
ASSETS:
Investments in non-affiliates, at value	$	34,651,582		$	243,721,818		$	50,913,381
Investments in affiliates, at value		601,648			35,701,290			159,865
Cash		1,694			14,183			2
Deposits at broker for futures contracts		—			361,000			56,000
Deposits at broker for centrally cleared swaps		—			134,000			—
Receivables:
Investment securities sold		568,776			—			617,879
Investment securities sold — delayed delivery securities		110,894			1,002,928			—
Fund shares sold		—			5,244,003			—
Interest from non-affiliates		117,330			1,332,551			490,020
Dividends from non-affiliates		—			64			—
Dividends from affiliates		1			25			—
Variation margin on futures contracts		—			99,206			290
Unrealized appreciation on forward foreign currency exchange contracts		—			46,775			—
Other assets		19,253			30,225			—

Total Assets		36,071,178			287,688,068			52,237,437


LIABILITIES:
Payables:
Investment securities purchased		598,767			1,257,289			752,901
Investment securities purchased — delayed delivery securities		578,125			9,463,660			—
Unrealized depreciation on forward foreign currency exchange contracts		—			26,339			—
Variation margin on centrally cleared swaps (net upfront receipts of $0, $132,496 and $0 respectively)		—			7,606			—
Accrued liabilities:
Management fees (See Note 3.A.)		1,391			79,242			5,545
Other		—			—			298

Total Liabilities		1,178,283			10,834,136			758,744

Net Assets	$	34,892,895		$	276,853,932		$	51,478,693


NET ASSETS:
Paid-in-Capital	$	35,543,238		$	285,346,015		$	53,275,690
Total distributable earnings (loss)		(650,343	)		(8,492,083	)		(1,796,997	)

Total Net Assets	$	34,892,895		$	276,853,932		$	51,478,693


Outstanding number of shares (unlimited number of shares authorized — par value $0.0001)		699,946	(a)		5,300,000			1,000,000

Net asset value, per share	$	49.85	(a)	$	52.24		$	51.48


Cost of investments in non-affiliates	$	35,308,925		$	250,966,905		$	52,805,488
Cost of investments in affiliates		601,648			35,701,290			159,865


	JPMorgan High Yield Research Enhanced ETF			JPMorgan Income ETF			JPMorgan International Bond Opportunities ETF
ASSETS:
Investments in non-affiliates, at value	$	1,401,551,089		$	118,286,641		$	304,855,915
Investments in affiliates, at value		20,697,667			18,529,733			9,903,539
Restricted cash for OTC derivatives		—			—			460,000
Cash		21,923			593,761			—
Foreign currency, at value		—			—			2,230,407
Deposits at broker for futures contracts		—			399,000			868,500
Deposits at broker for centrally cleared swaps		—			353,000			1,362,000
Receivables:
Due from custodian		—			105,150			—
Investment securities sold		77,167,308			153,400			855,894
Interest from non-affiliates		20,314,895			1,074,586			3,682,468
Dividends from non-affiliates		—			—			1,001
Dividends from affiliates		15			34			7
Tax reclaims		—			615			2,819
Unrealized appreciation on forward foreign currency exchange contracts		—			46,873			1,041,441
Outstanding OTC swap contracts, at value (net upfront payments of $0, $5,719 and $21,810 respectively)		—			249,883			772,747
Other assets		—			—			9,496

Total Assets		1,519,752,897			139,792,676			326,046,234


LIABILITIES:
Payables:
Due to custodian		—			—			52,846
Investment securities purchased		65,916,098			1,639,991			—
Investment securities purchased — delayed delivery securities		—			—			124,704
Variation margin on futures contracts		—			222,025			96,919
Unrealized depreciation on forward foreign currency exchange contracts		—			27,331			2,362,987
Variation margin on centrally cleared swaps (net upfront payments/(receipts) of $0, $144,423 and $(230,069), respectively)		—			3,494			163,335
Accrued liabilities:
Management fees (See Note 3.A.)		269,679			38,834			125,215
Deferred foreign capital gains tax		—			—			1,663
Other		8,356			—			—

Total Liabilities		66,194,133			1,931,675			2,927,669

Net Assets	$	1,453,558,764		$	137,861,001		$	323,118,565


NET ASSETS:
Paid-in-Capital	$	1,516,709,058		$	141,197,973		$	339,852,360
Total distributable earnings (loss)		(63,150,294	)		(3,336,972	)		(16,733,795	)

Total Net Assets	$	1,453,558,764		$	137,861,001		$	323,118,565


Outstanding number of shares (unlimited number of shares authorized — par value $0.0001)		29,300,000			2,820,000			6,600,000

Net asset value, per share	$	49.61		$	48.89		$	48.96


Cost of investments in non-affiliates	$	1,458,603,704		$	122,249,916		$	325,471,097
Cost of investments in affiliates		20,697,667			18,530,299			9,903,539
Cost of foreign currency		—			—			2,264,096


	JPMorgan Municipal ETF			JPMorgan Short Duration Core Plus ETF			JPMorgan U.S. Aggregate Bond ETF
ASSETS:
Investments in non-affiliates, at value	$	93,369,194		$	188,656,270		$	1,018,550,675
Investments in affiliates, at value		10,795,128			23,982,204			17,328,257
Investments of cash collateral received from securities loaned, at value (See Note 2.E.)		—			110,760			7,174,411
Cash		7,146			—			29,535
Deposits at broker for futures contracts		45,000			—			—
Segregated cash balance with Authorized Participant for deposit securities		—			—			776,259
Receivables:
Investment securities sold		76,830			209,757			24,541,131
Investment securities sold — delayed delivery securities		669,604			2,796,365			13,975,029
Fund shares sold		—			—			20,857,521
Interest from non-affiliates		952,379			954,164			4,396,931
Dividends from affiliates		124			43			12
Securities lending income (See Note 2.E.)		—			92			2,127
Variation margin on centrally cleared swaps (net upfront payments of $0, $141,488 and $0, respectively)		—			4,194			—
Other assets		—			351			28,617

Total Assets		105,915,405			216,714,200			1,107,660,505


LIABILITIES:
Payables:
Due to custodian		—			6,033			—
Investment securities purchased		305,923			6,279,576			35,926,442
Investment securities purchased — delayed delivery securities		4,923,748			17,643,917			39,462,875
Collateral received on securities loaned (See Note 2.E.)		—			110,760			7,174,411
Variation margin on futures contracts		29,769			166,365			—
Collateral upon return of deposit securities		—			—			776,259
Accrued liabilities:
Management fees (See Note 3.A.)		13,056			45,870			53,442
Other		361			—			—

Total Liabilities		5,272,857			24,252,521			83,393,429

Net Assets	$	100,642,548		$	192,461,679		$	1,024,267,076


NET ASSETS:
Paid-in-Capital	$	101,441,915		$	197,956,672		$	1,065,045,802
Total distributable earnings (loss)		(799,367	)		(5,494,993	)		(40,778,726	)

Total Net Assets	$	100,642,548		$	192,461,679		$	1,024,267,076


Outstanding number of shares (unlimited number of shares authorized — par value $0.0001)		1,900,000			3,960,000			19,648,203	(a)

Net asset value, per share	$	52.97		$	48.60		$	52.13	(a)


Cost of investments in non-affiliates	$	93,991,312		$	193,632,678		$	1,056,798,659
Cost of investments in affiliates		10,795,128			23,983,602			17,328,257
Investment securities on loan, at value (See Note 2.E.)		—			105,786			7,056,051
Cost of investment of cash collateral (See Note 2.E.)		—			110,760			7,175,310


	JPMorgan Ultra-Short Income ETF			JPMorgan Ultra-Short Municipal Income ETF			JPMorgan USD Emerging Markets Sovereign Bond ETF
ASSETS:
Investments in non-affiliates, at value	$	15,331,891,490		$	2,852,230,545		$	68,354,668
Investments in affiliates, at value		3,227,762,466			288,389,747			177,868
Investments of cash collateral received from securities loaned, at value (See Note 2.E.)		41,805,053			—			786,418
Repurchase agreements, at value		100,000,000			—			—
Cash		—			900,066			3,737
Deposits at broker for futures contracts		7,517,000			—			—
Receivables:
Due from custodian		—			14,437,978			—
Investment securities sold		23,356,511			—			1,784,040
Fund shares sold		—			4,943			—
Interest from non-affiliates		48,665,702			22,937,140			1,060,601
Dividends from affiliates		2,298			4,641			—
Securities lending income (See Note 2.E.)		6,179			—			323
Other assets		59,581			—			226

Total Assets		18,781,066,280			3,178,905,060			72,167,881


LIABILITIES:
Payables:
Due to custodian		540,659			—			—
Investment securities purchased		39,426,052			33,073,356			1,883,611
Investment securities purchased — delayed delivery securities		6,000,000			28,835,742			—
Collateral received on securities loaned (See Note 2.E.)		41,805,053			—			786,418
Variation margin on futures contracts		4,648,704			—			—
Accrued liabilities:
Management fees (See Note 3.A.)		2,471,332			357,571			21,857
Other		—			18,525			—

Total Liabilities		94,891,800			62,285,194			2,691,886

Net Assets	$	18,686,174,480		$	3,116,619,866		$	69,475,995


NET ASSETS:
Paid-in-Capital	$	18,757,218,685		$	3,127,159,045		$	81,183,375
Total distributable earnings (loss)		(71,044,205	)		(10,539,179	)		(11,707,380	)

Total Net Assets	$	18,686,174,480		$	3,116,619,866		$	69,475,995


Outstanding number of shares (unlimited number of shares authorized — par value $0.0001)		371,150,000			61,400,000			1,600,000

Net asset value, per share	$	50.35		$	50.76		$	43.42


Cost of investments in non-affiliates	$	15,416,861,681		$	2,863,343,958		$	76,214,261
Cost of investments in affiliates		3,227,762,466			288,388,611			177,868
Cost of repurchase agreements		100,000,000			—			—
Investment securities on loan, at value (See Note 2.E.)		39,862,079			—			758,234
Cost of investment of cash collateral (See Note 2.E.)		41,810,598			—			786,418


	JPMorgan High Yield Research Enhanced ETF			JPMorgan Income ETF (a)			JPMorgan International Bond Opportunities ETF
INVESTMENT INCOME:
Interest income from non-affiliates	$	64,194,398		$	1,434,072		$	8,210,245
Interest income from affiliates		—			—			244
Dividend income from non-affiliates		—			42,909			25,627
Dividend income from affiliates		3,672			2,320			1,999
Foreign taxes withheld (net)		—			(810	)		(23,404	)

Total investment income		64,198,070			1,478,491			8,214,711


EXPENSES:
Management fees (See Note 3.A.)		3,771,426			150,241			1,470,475
Interest expense to non-affiliates		—			63			3,850
Interest expense to affiliates		—			—			3,591
Other		26,212			—			4,710

Total expenses		3,797,638			150,304			1,482,626

Net investment income (loss)		60,400,432			1,328,187			6,732,085


REALIZED/UNREALIZED GAINS (LOSSES):
Net realized gain (loss) on transactions from:
Investments in non-affiliates		18,507			(198,248	)		(2,050,296	)(b)
Investments in affiliates		—			(3,418	)		—
In-kind redemptions of investments in non-affiliates (See Note 4)		5,479,982			—			—
Options purchased		—			(18,764	)		—
Futures contracts		—			313,291			759,652
Foreign currency transactions		—			—			49,064
Forward foreign currency exchange contracts		—			—			10,713,086
Swaps		—			54,170			878,893

Net realized gain (loss)		5,498,489			147,031			10,350,399

Change in net unrealized appreciation/depreciation on:
Investments in non-affiliates		(58,608,372	)		(3,963,275	)		(23,374,205	)(c)
Investments in affiliates		—			(566	)		—
Futures contracts		—			(120,494	)		(42,679	)
Foreign currency translations		—			—			(9,875	)
Forward foreign currency exchange contracts		—			19,542			(1,509,233	)
Swaps		—			237,172			1,475,197

Change in net unrealized appreciation/depreciation		(58,608,372	)		(3,827,621	)		(23,460,795	)

Net realized/unrealized gains (losses)		(53,109,883	)		(3,680,590	)		(13,110,396	)

Change in net assets resulting from operations	$	7,290,549		$	(2,352,403	)	$	(6,378,311	)


	JPMorgan Municipal ETF			JPMorgan Short Duration Core Plus ETF (a)			JPMorgan U.S. Aggregate Bond ETF
INVESTMENT INCOME:
Interest income from non-affiliates	$	1,558,879		$	1,897,228		$	14,717,876
Interest income from affiliates		—			—			103
Dividend income from affiliates		1,065			7,701			3,671
Income from securities lending (net) (See Note 2.E.)		—			867			22,764
Foreign taxes withheld (net)		—			(54	)		—

Total investment income		1,559,944			1,905,742			14,744,414


EXPENSES:
Management fees (See Note 3.A.)		161,324			387,921			736,828
Interest expense to non-affiliates		10			140			—
Other		1,417			1,605			17,951

Total expenses		162,751			389,666			754,779

Net investment income (loss)		1,397,193			1,516,076			13,989,635


REALIZED/UNREALIZED GAINS (LOSSES):
Net realized gain (loss) on transactions from:
Investments in non-affiliates		(164,677	)		(692,479	)		(3,426,217	)
Investments in affiliates		(1,005	)		(4,597	)		—
In-kind redemptions of investments in non-affiliates (See Note 4)		—			—			1,075,403
Futures contracts		65,596			241,725			—
Swaps		—			40,308			—

Net realized gain (loss)		(100,086	)		(415,043	)		(2,350,814	)

Distributions of capital gains received from investment company affiliates		34			—			—

Change in net unrealized appreciation/depreciation on:
Investments in non-affiliates		(2,514,769	)		(4,976,408	)		(41,110,049	)
Investments in affiliates		—			(1,398	)		(899	)
Futures contracts		(20,539	)		(93,640	)		—
Swaps		—			(35,517	)		—

Change in net unrealized appreciation/depreciation		(2,535,308	)		(5,106,963	)		(41,110,948	)

Net realized/unrealized gains (losses)		(2,635,360	)		(5,522,006	)		(43,461,762	)

Change in net assets resulting from operations	$	(1,238,167	)	$	(4,005,930	)	$	(29,472,127	)