| Baird Core Intermediate Municipal Bond Fund | |
| Schedule of Investments | |
| as of March 31, 2024 (Unaudited) | |
| | |
MUNICIPAL BONDS - 98.4% | | Par | | | Value | |
| Alabama - 4.6% | |
| Alabama Community College System | |
| 3.50%, 11/01/2025 | | $ | 1,100,000 | | | $ | 1,097,602 | |
| 5.00%, 10/01/2028 (Callable 10/01/2026) | | | 310,000 | | | | 321,170 | |
| 5.25%, 06/01/2043 (Callable 06/01/2033) | | | 500,000 | | | | 555,376 | |
| Alabama Economic Settlement Authority, 4.00%, 09/15/2033 (Callable 09/15/2026) | | | 5,810,000 | | | | 5,846,354 | |
| Alabama Housing Finance Authority | |
3.50%, 08/01/2025 (Callable 08/01/2024) (a) | | | 5,000,000 | | | | 4,981,650 | |
5.00%, 05/01/2026 (a) | | | 6,800,000 | | | | 6,863,684 | |
| Auburn University, 5.00%, 06/01/2032 (Callable 06/01/2025) | | | 1,000,000 | | | | 1,015,717 | |
| Birmingham Airport Authority | |
| 4.00%, 07/01/2036 (Callable 07/01/2030) | | | 360,000 | | | | 374,901 | |
| 4.00%, 07/01/2037 (Callable 07/01/2030) | | | 500,000 | | | | 516,956 | |
| Black Belt Energy Gas District | |
| 5.00%, 06/01/2024 | | | 200,000 | | | | 200,163 | |
| 5.00%, 12/01/2024 | | | 375,000 | | | | 376,972 | |
| 5.00%, 12/01/2025 | | | 200,000 | | | | 203,428 | |
| 5.00%, 06/01/2026 | | | 250,000 | | | | 255,612 | |
| 4.00%, 12/01/2026 | | | 795,000 | | | | 790,972 | |
| 5.00%, 12/01/2026 | | | 400,000 | | | | 411,917 | |
4.00%, 12/01/2049 (Callable 09/01/2025) (a) | | | 625,000 | | | | 627,323 | |
5.00%, 05/01/2053 (a) | | | 12,500,000 | | | | 13,029,826 | |
5.50%, 11/01/2053 (Callable 09/01/2028) (a) | | | 2,000,000 | | | | 2,124,514 | |
Chatom Industrial Development Board, 3.88%, 08/01/2037 (a) | | | 6,600,000 | | | | 6,585,716 | |
| Chilton County Health Care Authority, 4.00%, 11/01/2045 (Callable 11/01/2025) | | | 205,000 | | | | 198,211 | |
City of Oxford AL, 4.05%, 09/01/2041 (Callable 04/01/2024) (a) | | | 2,000,000 | | | | 2,000,000 | |
| City of Troy AL, 5.00%, 07/01/2031 (Callable 07/01/2025) | | | 555,000 | | | | 566,525 | |
| County of Elmore AL | |
| 4.00%, 05/01/2024 | | | 420,000 | | | | 419,846 | |
| 4.00%, 05/01/2025 | | | 540,000 | | | | 540,604 | |
| 4.00%, 05/01/2026 | | | 400,000 | | | | 402,140 | |
| 4.20%, 05/01/2042 (Callable 05/01/2032) | | | 1,625,000 | | | | 1,603,854 | |
| 5.00%, 05/01/2047 (Callable 05/01/2032) | | | 1,000,000 | | | | 1,054,298 | |
| County of Jefferson AL, 5.00%, 09/15/2029 (Callable 03/15/2027) | | | 570,000 | | | | 603,333 | |
| County of Jefferson AL Sewer Revenue | |
| 5.25%, 10/01/2041 (Callable 10/01/2033) | | | 1,250,000 | | | | 1,384,142 | |
| 5.25%, 10/01/2042 (Callable 10/01/2033) | | | 5,000,000 | | | | 5,504,745 | |
| 5.50%, 10/01/2053 (Callable 10/01/2033) | | | 4,000,000 | | | | 4,352,734 | |
Health Care Authority of the City of Huntsville/The, 5.00%, 06/01/2053 (Callable 03/01/2030) (a) | | | 5,225,000 | | | | 5,699,388 | |
| Homewood Educational Building Authority | |
| 4.00%, 12/01/2033 (Callable 12/01/2029) | | | 785,000 | | | | 797,436 | |
| 4.00%, 12/01/2034 (Callable 12/01/2029) | | | 255,000 | | | | 258,422 | |
Industrial Development Board of the City of Mobile Alabama, 3.92%, 06/01/2034 (a) | | | 13,000,000 | | | | 13,041,730 | |
| Jefferson County Board of Education/AL, 5.00%, 02/01/2042 (Callable 02/01/2028) | | | 825,000 | | | | 860,716 | |
| Madison Water & Wastewater Board | |
| 4.00%, 12/01/2037 (Callable 12/01/2029) | | | 530,000 | | | | 539,739 | |
| 5.25%, 12/01/2053 (Callable 12/01/2033) | | | 5,000,000 | | | | 5,548,986 | |
| Southeast Alabama Gas Supply District/The | |
| 5.00%, 04/01/2027 | | | 1,000,000 | | | | 1,022,623 | |
| 5.00%, 04/01/2028 | | | 2,265,000 | | | | 2,336,996 | |
| Southeast Energy Authority A Cooperative District | |
| 5.00%, 07/01/2025 | | | 650,000 | | | | 657,397 | |
5.50%, 01/01/2053 (Callable 09/01/2029) (a) | | | 7,000,000 | | | | 7,471,210 | |
5.00%, 05/01/2053 (Callable 05/01/2028) (a) | | | 2,000,000 | | | | 2,072,556 | |
5.00%, 01/01/2054 (Callable 03/01/2030) (a) | | | 2,750,000 | | | | 2,908,837 | |
5.25%, 01/01/2054 (Callable 04/01/2029) (a) | | | 11,990,000 | | | | 12,732,434 | |
| | | | | | | | 120,758,755 | |
| Alaska - 0.5% | |
| Alaska Housing Finance Corp. | |
| 4.00%, 06/01/2036 (Callable 06/01/2025) | | | 1,245,000 | | | | 1,229,181 | |
| 5.25%, 12/01/2041 (Callable 06/01/2033) | | | 5,375,000 | | | | 6,018,217 | |
| Alaska Industrial Development & Export Authority | |
| 4.00%, 04/01/2030 (Callable 04/01/2029) | | | 2,745,000 | | | | 2,766,977 | |
| 4.00%, 10/01/2034 (Callable 10/01/2029) | | | 1,585,000 | | | | 1,609,322 | |
| State of Alaska International Airports System, 5.00%, 10/01/2033 (Callable 10/01/2025) | | | 3,080,000 | | | | 3,153,242 | |
| University of Alaska, 4.00%, 10/01/2026 (Callable 05/02/2024) | | | 650,000 | | | | 650,139 | |
| | | | | | | | 15,427,078 | |
| Arizona - 2.6% | |
| Apache County Unified School District No 8 Window Rock, 4.13%, 07/01/2042 (Callable 07/01/2032) | | | 1,625,000 | | | | 1,627,140 | |
| Arizona Industrial Development Authority | |
| 5.00%, 05/01/2028 | | | 270,000 | | | | 162,000 | |
| 3.55%, 07/15/2029 (Callable 07/15/2027) | | | 1,005,000 | | | | 962,792 | |
1.76%, 09/01/2030 (a)(b) | | | 7,796,660 | | | | 7,255,709 | |
| 5.00%, 07/01/2031 (Callable 07/01/2027) | | | 515,000 | | | | 535,552 | |
| 5.00%, 07/01/2032 (Callable 07/01/2027) | | | 545,000 | | | | 566,122 | |
| 5.00%, 07/01/2032 (Callable 07/01/2026) | | | 205,000 | | | | 210,462 | |
| 3.63%, 05/20/2033 | | | 5,979,008 | | | | 5,637,152 | |
| 5.00%, 07/01/2033 (Callable 07/01/2027) | | | 575,000 | | | | 596,648 | |
| 5.00%, 07/01/2033 (Callable 07/01/2026) | | | 340,000 | | | | 348,795 | |
| 4.00%, 07/01/2034 (Callable 07/01/2026) | | | 230,000 | | | | 229,923 | |
| 4.00%, 07/01/2035 (Callable 07/01/2026) | | | 475,000 | | | | 472,641 | |
5.00%, 03/01/2045 (Callable 05/01/2026) (a) | | | 1,000,000 | | | | 1,024,235 | |
| 5.25%, 11/01/2048 (Callable 11/01/2032) | | | 1,500,000 | | | | 1,610,994 | |
| Chandler Industrial Development Authority | |
5.00%, 06/01/2049 (Callable 06/03/2024) (a)(c) | | | 5,000,000 | | | | 5,005,386 | |
5.00%, 09/01/2052 (Callable 03/05/2027) (a)(c) | | | 345,000 | | | | 355,504 | |
| City of Phoenix Civic Improvement Corp. | |
5.00%, 07/01/2028 (c) | | | 1,800,000 | | | | 1,923,353 | |
| 5.00%, 07/01/2035 (Callable 07/01/2025) | | | 2,450,000 | | | | 2,496,598 | |
| 5.25%, 07/01/2047 (Callable 07/01/2033) | | | 1,000,000 | | | | 1,125,389 | |
| City of Tucson AZ, 5.00%, 07/01/2032 (Callable 07/01/2025) | | | 500,000 | | | | 510,120 | |
| Industrial Development Authority of the City of Phoenix Arizona/The, 4.00%, 10/01/2047 (Callable 10/01/2026) | | | 115,000 | | | | 105,517 | |
La Paz County Industrial Development Authority, 5.00%, 02/15/2026 (b) | | | 230,000 | | | | 231,800 | |
| Maricopa County & Phoenix Industrial Development Authorities | |
| 5.45%, 09/01/2048 (Callable 09/01/2032) | | | 750,000 | | | | 794,948 | |
| 5.55%, 09/01/2054 (Callable 09/01/2032) | | | 1,000,000 | | | | 1,049,447 | |
| Maricopa County Industrial Development Authority | |
| 5.00%, 07/01/2028 | | | 755,000 | | | | 793,877 | |
| 5.00%, 01/01/2040 (Callable 01/01/2025) | | | 3,740,000 | | | | 3,834,708 | |
| 4.00%, 01/01/2045 (Callable 07/01/2030) | | | 7,000,000 | | | | 6,778,920 | |
Maricopa County Pollution Control Corp., 4.15%, 05/01/2029 (Callable 04/01/2024) (a) | | | 10,980,000 | | | | 10,980,000 | |
| Salt River Project Agricultural Improvement & Power District | |
| 5.00%, 01/01/2048 (Callable 01/01/2034) | | | 4,500,000 | | | | 4,965,931 | |
| 5.25%, 01/01/2053 (Callable 01/01/2034) | | | 8,000,000 | | | | 8,877,707 | |
| Tucson Industrial Development Authority/Pima County Industrial Development Auth | |
| 4.60%, 07/01/2044 (Callable 07/01/2033) | | | 490,000 | | | | 486,353 | |
| 4.85%, 07/01/2048 (Callable 07/01/2032) | | | 675,000 | | | | 685,909 | |
| 4.75%, 07/01/2049 (Callable 07/01/2033) | | | 500,000 | | | | 500,156 | |
| 4.80%, 07/01/2054 (Callable 07/01/2033) | | | 1,000,000 | | | | 998,778 | |
| | | | | | | | 73,740,566 | |
| Arkansas - 0.6% | |
| Arkadelphia Water & Sewer System, 4.75%, 12/01/2043 (Callable 06/01/2029) | | | 1,210,000 | | | | 1,258,448 | |
| Arkansas Development Finance Authority | |
| 4.00%, 12/01/2031 (Callable 12/01/2027) | | | 380,000 | | | | 389,402 | |
| 4.00%, 12/01/2032 (Callable 12/01/2027) | | | 400,000 | | | | 410,332 | |
| 4.00%, 12/01/2035 (Callable 12/01/2027) | | | 445,000 | | | | 453,554 | |
| 4.00%, 12/01/2038 (Callable 12/01/2027) | | | 250,000 | | | | 250,133 | |
| 4.25%, 07/01/2041 (Callable 07/01/2028) | | | 500,000 | | | | 444,326 | |
5.08%, 09/01/2044 (Callable 04/01/2024) (a) | | | 5,045,000 | | | | 5,045,000 | |
6.88%, 07/01/2048 (Callable 07/01/2028) (b)(c) | | | 1,000,000 | | | | 1,091,852 | |
| Arkansas Technical University, 4.00%, 06/01/2028 (Callable 05/02/2024) | | | 1,025,000 | | | | 1,025,502 | |
| Benton Washington Regional Public Water Authority | |
| 4.00%, 10/01/2033 (Callable 10/01/2029) | | | 250,000 | | | | 258,879 | |
| 3.00%, 10/01/2041 (Callable 10/01/2028) | | | 510,000 | | | | 439,678 | |
| Carroll-Boone Water District | |
| 3.00%, 12/01/2028 (Callable 12/01/2025) | | | 780,000 | | | | 764,719 | |
| 3.00%, 12/01/2029 (Callable 12/01/2025) | | | 505,000 | | | | 498,813 | |
| 3.00%, 12/01/2030 (Callable 12/01/2025) | | | 630,000 | | | | 624,399 | |
| City of Batesville AR Sales & Use Tax | |
| 4.00%, 02/01/2041 (Callable 02/01/2031) | | | 880,000 | | | | 861,667 | |
| 4.00%, 02/01/2049 (Callable 02/01/2031) | | | 2,245,000 | | | | 2,191,635 | |
| City of Beebe AR Water & Sewer System, 3.00%, 08/01/2041 (Callable 08/01/2028) | | | 1,500,000 | | | | 1,278,167 | |
| City of Cabot AR Sales & Use Tax Revenue, 3.00%, 12/01/2056 (Callable 12/01/2028) | | | 2,000,000 | | | | 1,709,260 | |
| City of Fayetteville AR, 3.05%, 01/01/2047 (Callable 01/01/2027) | | | 270,000 | | | | 264,773 | |
| City of Fort Smith AR Water & Sewer Revenue, 5.00%, 10/01/2034 (Callable 10/01/2028) | | | 255,000 | | | | 275,818 | |
| City of Heber Springs AR Water & Sewer Revenue, 3.00%, 11/01/2034 (Callable 11/01/2024) | | | 685,000 | | | | 652,787 | |
| City of Maumelle AR | |
| 4.00%, 08/01/2028 (Callable 08/01/2025) | | | 290,000 | | | | 291,412 | |
| 4.00%, 08/01/2029 (Callable 08/01/2025) | | | 700,000 | | | | 703,756 | |
| City of Maumelle AR Sales & Use Tax, 4.00%, 08/01/2026 (Callable 08/01/2025) | | | 25,000 | | | | 25,076 | |
City of Osceola AR Sales & Use Tax, 4.13%, 06/01/2049 (Callable 06/01/2031) (i) | | | 1,250,000 | | | | 1,242,445 | |
| City of Pine Bluff AR, 3.00%, 02/01/2047 (Callable 08/01/2027) | | | 440,000 | | | | 423,037 | |
| City of Springdale AR Sales & Use Tax Revenue, 5.00%, 08/01/2038 (Callable 02/01/2030) | | | 240,000 | | | | 259,226 | |
| City of West Memphis AR Public Utility System Revenue, 3.00%, 12/01/2041 (Callable 12/01/2028) | | | 1,750,000 | | | | 1,443,954 | |
| Conway Health Facilities Board, 5.00%, 08/01/2029 (Callable 08/01/2026) | | | 360,000 | | | | 370,045 | |
| County of Madison AR Sales & Use Tax, 4.25%, 12/01/2058 (Callable 12/01/2030) | | | 3,395,000 | | | | 3,451,964 | |
| National Park College District, 3.00%, 05/01/2025 (Callable 11/01/2024) | | | 235,000 | | | | 231,704 | |
| Southern Arkansas University | |
| 4.00%, 03/01/2025 | | | 415,000 | | | | 416,511 | |
| 4.00%, 03/01/2026 (Callable 03/01/2025) | | | 520,000 | | | | 522,024 | |
| 4.00%, 03/01/2026 (Callable 03/01/2025) | | | 270,000 | | | | 271,196 | |
| 4.00%, 03/01/2027 (Callable 03/01/2025) | | | 545,000 | | | | 547,391 | |
| University of Central Arkansas | |
| 4.00%, 11/01/2027 (Callable 11/01/2025) | | | 340,000 | | | | 340,833 | |
| 4.00%, 11/01/2028 (Callable 11/01/2025) | | | 250,000 | | | | 250,938 | |
| | | | | | | | 30,980,656 | |
| California - 4.0% | |
| Acalanes Union High School District | |
0.00%, 08/01/2028 (d) | | | 130,000 | | | | 138,582 | |
0.00%, 08/01/2035 (Callable 08/01/2029) (d) | | | 490,000 | | | | 566,553 | |
0.00%, 08/01/2039 (Callable 08/01/2029) (d) | | | 350,000 | | | | 399,123 | |
| Alameda Corridor Transportation Authority, 5.00%, 10/01/2037 (Callable 10/01/2026) | | | 500,000 | | | | 510,229 | |
| Antelope Valley Community College District | |
0.00%, 08/01/2029 (e) | | | 650,000 | | | | 555,800 | |
0.00%, 08/01/2031 (e) | | | 1,000,000 | | | | 805,374 | |
| Bay Area Toll Authority | |
| 4.74% (SIFMA Municipal Swap Index + 1.10%), 04/01/2045 (Callable 02/02/2024) | | | 3,500,000 | | | | 3,500,000 | |
| 4.74% (SIFMA Municipal Swap Index + 1.10%), 04/01/2045 (Callable 02/02/2024) | | | 1,490,000 | | | | 1,490,000 | |
Burbank Unified School District, 4.53%, 02/01/2038 (Callable 08/01/2028) (d) | | | 210,000 | | | | 219,295 | |
California Community Choice Financing Authority, 5.25%, 01/01/2054 (Callable 10/01/2030) (a) | | | 7,325,000 | | | | 7,718,843 | |
| California Enterprise Development Authority | |
| 5.00%, 06/01/2029 | | | 245,000 | | | | 270,891 | |
| 5.00%, 06/01/2030 | | | 260,000 | | | | 292,922 | |
| 5.00%, 06/01/2031 | | | 265,000 | | | | 303,109 | |
| 5.00%, 06/01/2032 | | | 280,000 | | | | 324,675 | |
| 5.00%, 06/01/2034 (Callable 06/01/2033) | | | 285,000 | | | | 336,324 | |
| 5.00%, 06/01/2035 (Callable 06/01/2033) | | | 215,000 | | | | 251,634 | |
| 5.00%, 06/01/2036 (Callable 06/01/2033) | | | 230,000 | | | | 266,574 | |
| 5.00%, 06/01/2038 (Callable 06/01/2033) | | | 250,000 | | | | 283,789 | |
| 5.00%, 06/01/2040 (Callable 06/01/2033) | | | 355,000 | | | | 396,969 | |
| 4.00%, 06/01/2049 (Callable 06/01/2033) | | | 1,000,000 | | | | 969,087 | |
| 4.00%, 06/01/2053 (Callable 06/01/2033) | | | 1,000,000 | | | | 953,571 | |
| California Health Facilities Financing Authority, 3.85%, 11/15/2027 (Callable 02/15/2026) | | | 1,850,000 | | | | 1,850,196 | |
| California Housing Finance Agency | |
| 3.75%, 03/25/2035 | | | 4,355,062 | | | | 4,245,549 | |
5.00%, 05/01/2054 (Callable 09/01/2026) (a) | | | 4,600,000 | | | | 4,745,884 | |
3.60%, 08/01/2063 (Callable 02/01/2026) (a) | | | 1,500,000 | | | | 1,485,638 | |
| California Infrastructure & Economic Development Bank, 4.34% (SIFMA Municipal Swap Index + 0.70%), 12/01/2050 (Callable 06/01/2025) | | | 250,000 | | | | 244,228 | |
| California Municipal Finance Authority | |
5.00%, 08/01/2024 (b) | | | 400,000 | | | | 399,225 | |
| 2.13%, 11/15/2026 (Callable 04/22/2024) | | | 1,640,000 | | | | 1,639,996 | |
| 5.00%, 05/15/2031 | | | 470,000 | | | | 520,250 | |
| 5.00%, 05/15/2036 (Callable 11/15/2028) | | | 1,000,000 | | | | 1,065,450 | |
1.30%, 02/01/2039 (a)(b) | | | 1,500,000 | | | | 1,465,440 | |
| 4.00%, 05/15/2039 (Callable 05/15/2031) | | | 175,000 | | | | 175,725 | |
| 5.00%, 08/15/2040 (Callable 08/15/2031) | | | 320,000 | | | | 336,993 | |
| 5.00%, 08/15/2041 (Callable 08/15/2031) | | | 335,000 | | | | 351,650 | |
| 5.00%, 08/15/2042 (Callable 08/15/2031) | | | 230,000 | | | | 240,449 | |
| 5.00%, 08/15/2043 (Callable 08/15/2031) | | | 370,000 | | | | 385,810 | |
4.10%, 10/01/2045 (a)(c) | | | 1,000,000 | | | | 999,208 | |
| 5.25%, 08/15/2053 (Callable 08/15/2031) | | | 900,000 | | | | 934,668 | |
| California Public Finance Authority | |
2.13%, 11/15/2027 (Callable 04/22/2024) (b) | | | 190,000 | | | | 190,007 | |
2.38%, 11/15/2028 (Callable 04/22/2024) (b) | | | 4,135,000 | | | | 4,036,456 | |
3.13%, 05/15/2029 (Callable 04/22/2024) (b) | | | 2,510,000 | | | | 2,445,471 | |
California State University, 3.13%, 11/01/2051 (Callable 05/01/2026) (a) | | | 5,000,000 | | | | 4,986,027 | |
| California Statewide Communities Development Authority | |
5.00%, 09/01/2026 (Callable 04/22/2024) (a)(b) | | | 5,150,000 | | | | 5,142,302 | |
| 5.00%, 04/01/2037 (Callable 04/01/2030) | | | 350,000 | | | | 383,623 | |
| 5.00%, 04/01/2038 (Callable 04/01/2030) | | | 400,000 | | | | 434,841 | |
Chawanakee Unified School District, 4.00%, 08/01/2026 (d) | | | 110,000 | | | | 111,977 | |
| City & County of San Francisco CA, 4.00%, 06/15/2039 (Callable 06/15/2028) | | | 1,080,000 | | | | 1,099,852 | |
| City of Palo Alto CA, 5.00%, 11/01/2036 (Callable 11/01/2028) | | | 1,295,000 | | | | 1,419,116 | |
| City of San Mateo CA, 5.25%, 09/01/2040 (Callable 09/01/2032) | | | 1,250,000 | | | | 1,377,050 | |
| City of Vernon CA Electric System Revenue | |
| 5.00%, 04/01/2024 | | | 2,000,000 | | | | 2,000,000 | |
| 5.00%, 08/01/2024 | | | 700,000 | | | | 701,238 | |
| 5.00%, 10/01/2025 | | | 2,250,000 | | | | 2,274,770 | |
College of the Sequoias Tulare Area Improvement District No 3, 0.00%, 08/01/2042 (Callable 08/01/2037) (d) | | | 940,000 | | | | 748,800 | |
Compton Community College District, 0.00%, 08/01/2034 (e) | | | 450,000 | | | | 321,410 | |
Cypress School District, 0.00%, 08/01/2050 (Callable 08/01/2036) (d) | | | 230,000 | | | | 207,351 | |
Denair Unified School District, 6.50%, 08/01/2031 (d) | | | 130,000 | | | | 154,902 | |
Enterprise Elementary School District, 6.20%, 08/01/2035 (Callable 08/01/2031) (d) | | | 155,000 | | | | 192,935 | |
| Freddie Mac Multifamily ML Certificates, 2.25%, 09/25/2037 | | | 7,957,573 | | | | 6,409,621 | |
| Freddie Mac Multifamily Variable Rate Certificate, 2.88%, 07/25/2036 | | | 7,252,753 | | | | 6,451,282 | |
| Hueneme Elementary School District, 4.00%, 08/01/2037 (Callable 08/01/2028) | | | 500,000 | | | | 507,903 | |
| Indio Finance Authority, 5.25%, 11/01/2042 (Callable 11/01/2032) | | | 1,000,000 | | | | 1,138,042 | |
| Inglewood Unified School District School Facilities Financing Authority, 5.25%, 10/15/2026 | | | 2,265,000 | | | | 2,307,234 | |
| Long Beach Bond Finance Authority, 5.00%, 11/15/2029 | | | 50,000 | | | | 52,780 | |
Los Angeles County Development Authority, 3.75%, 12/01/2046 (Callable 02/01/2026) (a) | | | 1,100,000 | | | | 1,098,304 | |
Manteca Unified School District, 0.00%, 09/01/2025 (e) | | | 225,000 | | | | 213,880 | |
| Mayers Memorial Hospital District | |
0.00%, 08/01/2027 (e) | | | 260,000 | | | | 222,462 | |
0.00%, 08/01/2028 (e) | | | 290,000 | | | | 237,842 | |
Modesto High School District, 0.00%, 08/01/2024 (e) | | | 3,625,000 | | | | 3,582,312 | |
Morongo Unified School District, 0.00%, 08/01/2041 (Callable 08/01/2030) (d) | | | 140,000 | | | | 142,748 | |
Mount San Antonio Community College District, 0.00%, 08/01/2043 (Callable 08/01/2035) (d) | | | 1,145,000 | | | | 1,126,354 | |
| Mountain Empire Unified School District, 6.25%, 08/01/2048 (Callable 08/01/2032) | | | 500,000 | | | | 579,661 | |
Newman-Crows Landing Unified School District/CA, 0.00%, 08/01/2025 (e) | | | 1,850,000 | | | | 1,761,592 | |
Palomar Community College District, 0.00%, 08/01/2039 (Callable 08/01/2035) (d) | | | 740,000 | | | | 863,128 | |
| Perris Union High School District/CA | |
| 3.00%, 09/01/2037 (Callable 09/01/2029) | | | 800,000 | | | | 736,156 | |
| 3.00%, 09/01/2039 (Callable 09/01/2029) | | | 775,000 | | | | 692,438 | |
Rio Hondo Community College District, 0.00%, 08/01/2042 (Callable 08/01/2034) (d) | | | 1,420,000 | | | | 1,820,085 | |
| River Islands Public Financing Authority | |
| 4.00%, 09/01/2038 (Callable 09/01/2030) | | | 200,000 | | | | 205,911 | |
| 4.25%, 09/01/2042 (Callable 09/01/2029) | | | 1,000,000 | | | | 1,010,931 | |
| 5.00%, 09/01/2042 (Callable 09/01/2029) | | | 3,250,000 | | | | 3,559,954 | |
| 4.25%, 09/01/2043 (Callable 09/01/2030) | | | 1,500,000 | | | | 1,527,233 | |
| 4.25%, 09/01/2043 (Callable 09/01/2030) | | | 660,000 | | | | 671,983 | |
| 4.50%, 09/01/2047 (Callable 09/01/2029) | | | 1,250,000 | | | | 1,279,510 | |
| 4.50%, 09/01/2048 (Callable 09/01/2030) | | | 850,000 | | | | 872,100 | |
| Sacramento City Unified School District/CA | |
| 5.00%, 07/01/2025 (Callable 07/01/2024) | | | 505,000 | | | | 506,578 | |
| 5.50%, 08/01/2047 (Callable 08/01/2030) | | | 2,000,000 | | | | 2,210,763 | |
| San Jacinto Unified School District, 3.00%, 09/01/2028 | | | 265,000 | | | | 263,534 | |
San Mateo Union High School District, 0.00%, 09/01/2041 (Callable 09/01/2036) (d) | | | 6,050,000 | | | | 6,315,588 | |
| Saugus Union School District Financing Authority, 4.00%, 09/01/2037 (Callable 09/01/2027) | | | 625,000 | | | | 638,720 | |
Sierra Joint Community College District School Facilities District No 1, 0.00%, 08/01/2031 (e) | | | 370,000 | | | | 295,844 | |
Solano County Community College District, 5.13%, 08/01/2041 (Callable 08/01/2028) (d) | | | 655,000 | | | | 714,961 | |
Southern Kern Unified School District, 0.00%, 11/01/2034 (e) | | | 425,000 | | | | 300,677 | |
Tender Option Bond Trust Receipts/Certificates, 4.40%, 04/01/2043 (Callable 03/01/2025) (a)(b) | | | 2,180,000 | | | | 2,180,000 | |
Tulare Union High School District, 0.00%, 08/01/2025 (e) | | | 1,745,000 | | | | 1,668,575 | |
| Washington Township Health Care District | |
| 4.13%, 08/01/2041 (Callable 08/01/2033) | | | 250,000 | | | | 256,840 | |
| 4.13%, 08/01/2042 (Callable 08/01/2033) | | | 300,000 | | | | 306,434 | |
| 4.25%, 08/01/2043 (Callable 08/01/2033) | | | 275,000 | | | | 282,539 | |
| 4.25%, 08/01/2045 (Callable 08/01/2033) | | | 400,000 | | | | 407,233 | |
| Waterford Unified School District/CA, 4.00%, 08/01/2042 (Callable 08/01/2032) | | | 1,455,000 | | | | 1,474,651 | |
West Hills Community College District, 5.10%, 08/01/2035 (Callable 08/01/2027) (d) | | | 50,000 | | | | 53,180 | |
Wiseburn School District, 0.00%, 08/01/2036 (Callable 08/01/2031) (d) | | | 80,000 | | | | 89,299 | |
Woodlake Union High School District, 0.00%, 08/01/2033 (e) | | | 1,880,000 | | | | 1,247,741 | |
Yorba Linda Redevelopment Agency Successor Agency, 0.00%, 09/01/2028 (e) | | | 560,000 | | | | 472,522 | |
| | | | | | | | 128,624,956 | |
| Colorado - 3.2% | |
| Arkansas River Power Authority | |
| 5.00%, 10/01/2026 | | | 610,000 | | | | 617,264 | |
| 5.88%, 10/01/2026 | | | 3,510,000 | | | | 3,624,364 | |
| Bromley Park Metropolitan District No 2 | |
| 5.50%, 12/01/2038 (Callable 12/01/2033) | | | 200,000 | | | | 228,557 | |
| 5.50%, 12/01/2043 (Callable 12/01/2033) | | | 440,000 | | | | 495,599 | |
| 5.38%, 12/01/2053 (Callable 12/01/2033) | | | 1,000,000 | | | | 1,100,309 | |
| City & County of Denver CO Airport System Revenue | |
5.00%, 11/15/2026 (c) | | | 4,700,000 | | | | 4,873,984 | |
5.25%, 11/15/2027 (c) | | | 1,000,000 | | | | 1,066,255 | |
5.00%, 12/01/2028 (c) | | | 2,000,000 | | | | 2,140,852 | |
5.50%, 11/15/2029 (c) | | | 1,905,000 | | | | 2,134,179 | |
5.50%, 11/15/2038 (Callable 11/15/2032) (c) | | | 1,040,000 | | | | 1,181,727 | |
| City & County of Denver CO Pledged Excise Tax Revenue | |
0.00%, 08/01/2030 (Callable 08/01/2026) (e) | | | 500,000 | | | | 391,502 | |
0.00%, 08/01/2032 (Callable 08/01/2026) (e) | | | 365,000 | | | | 262,203 | |
| City of Commerce City CO | |
| 5.00%, 12/15/2029 (Callable 12/15/2027) | | | 310,000 | | | | 331,087 | |
| 5.00%, 12/15/2030 (Callable 12/15/2027) | | | 500,000 | | | | 532,927 | |
| City of Fort Lupton CO | |
| 5.00%, 12/01/2029 (Callable 12/01/2027) | | | 250,000 | | | | 266,169 | |
| 5.00%, 12/01/2030 (Callable 12/01/2027) | | | 350,000 | | | | 372,262 | |
| Colorado Educational & Cultural Facilities Authority | |
4.00%, 12/15/2025 (b) | | | 845,000 | | | | 836,878 | |
3.75%, 07/01/2026 (b) | | | 500,000 | | | | 490,708 | |
| 4.00%, 04/01/2028 | | | 635,000 | | | | 635,891 | |
| 4.00%, 05/01/2029 (Callable 05/01/2028) | | | 120,000 | | | | 117,975 | |
| 5.00%, 05/15/2029 (Callable 05/15/2026) | | | 2,455,000 | | | | 2,523,395 | |
| 5.00%, 08/15/2030 (Callable 08/15/2024) | | | 1,110,000 | | | | 1,115,728 | |
| 2.00%, 09/01/2030 (Callable 09/01/2028) | | | 235,000 | | | | 215,776 | |
| 4.00%, 07/01/2032 | | | 45,000 | | | | 46,696 | |
| 5.00%, 08/15/2034 (Callable 08/15/2024) | | | 1,000,000 | | | | 1,005,061 | |
| 4.00%, 07/01/2042 (Callable 07/01/2032) | | | 500,000 | | | | 487,064 | |
| Colorado Health Facilities Authority | |
| 5.00%, 08/01/2028 | | | 5,575,000 | | | | 5,998,281 | |
| 2.63%, 05/15/2029 (Callable 05/02/2024) | | | 3,545,000 | | | | 3,321,276 | |
| 5.00%, 12/01/2030 (Callable 06/01/2025) | | | 405,000 | | | | 408,064 | |
| 5.25%, 11/01/2035 (Callable 11/01/2032) | | | 1,100,000 | | | | 1,264,084 | |
| 5.00%, 08/01/2036 (Callable 08/01/2029) | | | 150,000 | | | | 161,656 | |
| 5.25%, 11/01/2036 (Callable 11/01/2032) | | | 1,160,000 | | | | 1,321,882 | |
| 4.00%, 10/01/2037 (Callable 10/01/2030) | | | 820,000 | | | | 827,968 | |
| 4.00%, 12/01/2042 (Callable 05/02/2024) | | | 375,000 | | | | 368,010 | |
| 4.00%, 01/15/2045 (Callable 01/15/2026) | | | 120,000 | | | | 114,576 | |
5.00%, 08/01/2049 (Callable 02/01/2025) (a) | | | 2,000,000 | | | | 2,020,660 | |
| 4.19% (SIFMA Municipal Swap Index + 0.55%), 05/15/2061 (Callable 02/17/2026) | | | 10,000,000 | | | | 9,930,034 | |
5.00%, 05/15/2062 (Callable 02/17/2026) (a) | | | 4,175,000 | | | | 4,327,627 | |
| Colorado Housing and Finance Authority | |
0.00%, 11/01/2043 (Callable 05/01/2026) (a) | | | 1,000,000 | | | | 1,000,280 | |
| 4.00%, 05/01/2048 (Callable 11/01/2026) | | | 140,000 | | | | 138,885 | |
| 4.25%, 11/01/2049 (Callable 11/01/2028) | | | 1,305,000 | | | | 1,300,805 | |
| 5.25%, 11/01/2052 (Callable 11/01/2031) | | | 3,835,000 | | | | 3,940,673 | |
| 6.00%, 11/01/2052 (Callable 11/01/2031) | | | 185,000 | | | | 197,190 | |
| Colorado School of Mines, 4.51% (SIFMA Municipal Swap Index + 0.87%), 12/01/2025 (Callable 06/01/2025) | | | 4,855,000 | | | | 4,855,693 | |
| Colorado Water Resources & Power Development Authority | |
| 5.50%, 09/01/2043 (Callable 09/01/2033) | | | 400,000 | | | | 456,407 | |
| 5.00%, 09/01/2048 (Callable 09/01/2033) | | | 300,000 | | | | 324,886 | |
| Crystal Valley Metropolitan District No 2 | |
| 4.00%, 12/01/2037 (Callable 12/01/2030) | | | 800,000 | | | | 823,356 | |
| 4.00%, 12/01/2038 (Callable 12/01/2030) | | | 1,000,000 | | | | 1,021,301 | |
| 4.00%, 12/01/2039 (Callable 12/01/2030) | | | 1,785,000 | | | | 1,812,947 | |
| Denver City & County Housing Authority | |
| 0.60%, 08/01/2024 | | | 400,000 | | | | 395,235 | |
| 5.00%, 07/01/2027 (Callable 07/01/2026) | | | 3,750,000 | | | | 3,886,415 | |
| Denver Convention Center Hotel Authority, 5.00%, 12/01/2031 (Callable 12/01/2026) | | | 1,310,000 | | | | 1,345,513 | |
| Denver Health & Hospital Authority | |
| 5.00%, 12/01/2025 | | | 400,000 | | | | 406,031 | |
| 5.00%, 12/01/2027 | | | 340,000 | | | | 353,849 | |
| 4.00%, 12/01/2040 (Callable 12/01/2029) | | | 750,000 | | | | 682,853 | |
| 5.25%, 12/01/2045 (Callable 05/02/2024) | | | 485,000 | | | | 485,212 | |
| Denver Urban Renewal Authority, 5.00%, 12/01/2025 (Callable 05/02/2024) | | | 200,000 | | | | 200,151 | |
| E-470 Public Highway Authority | |
0.00%, 09/01/2029 (e) | | | 2,550,000 | | | | 2,135,817 | |
| 3.93% (SOFR + 0.35%), 09/01/2039 (Callable 06/01/2024) | | | 1,000,000 | | | | 998,349 | |
| Grand River Hospital District | |
| 5.25%, 12/01/2030 (Callable 12/01/2028) | | | 350,000 | | | | 377,723 | |
| 5.25%, 12/01/2031 (Callable 12/01/2028) | | | 1,190,000 | | | | 1,282,036 | |
| Midtown Clear Creek Metropolitan District, 5.50%, 12/01/2043 (Callable 12/01/2033) | | | 425,000 | | | | 481,630 | |
| Park Creek Metropolitan District | |
| 5.00%, 12/01/2036 (Callable 12/01/2032) | | | 225,000 | | | | 251,464 | |
| 5.00%, 12/01/2037 (Callable 12/01/2032) | | | 275,000 | | | | 304,778 | |
| 5.00%, 12/01/2038 (Callable 12/01/2032) | | | 300,000 | | | | 331,567 | |
| 5.00%, 12/01/2041 (Callable 12/01/2025) | | | 2,505,000 | | | | 2,518,703 | |
| 5.00%, 12/01/2045 (Callable 12/01/2025) | | | 1,480,000 | | | | 1,476,860 | |
| Prairie Center Metropolitan District No 7, 4.13%, 12/15/2036 (Callable 12/15/2025) | | | 275,000 | | | | 251,209 | |
| Ravenna Metropolitan District | |
| 5.00%, 12/01/2038 (Callable 12/01/2033) | | | 725,000 | | | | 790,111 | |
| 5.00%, 12/01/2043 (Callable 12/01/2033) | | | 1,650,000 | | | | 1,751,704 | |
| Regional Transportation District | |
| 5.00%, 01/15/2028 | | | 1,500,000 | | | | 1,583,292 | |
| 5.00%, 01/15/2031 | | | 1,715,000 | | | | 1,895,152 | |
| Regional Transportation District Sales Tax Revenue, 5.00%, 11/01/2033 (Callable 11/01/2027) | | | 500,000 | | | | 530,605 | |
| State of Colorado | |
| 4.00%, 12/15/2037 (Callable 12/15/2028) | | | 705,000 | | | | 716,364 | |
| 5.25%, 03/15/2042 (Callable 03/15/2027) | | | 1,535,000 | | | | 1,589,489 | |
| Stetson Ridge Metropolitan District No 3, 2.00%, 12/01/2030 | | | 705,000 | | | | 641,357 | |
| Vauxmont Metropolitan District | |
| 5.00%, 12/15/2028 (Callable 12/15/2024) | | | 125,000 | | | | 129,979 | |
| 5.00%, 12/15/2029 (Callable 12/15/2024) | | | 125,000 | | | | 129,934 | |
| 5.00%, 12/15/2030 (Callable 12/15/2024) | | | 125,000 | | | | 129,879 | |
| 5.00%, 12/15/2031 (Callable 12/15/2024) | | | 135,000 | | | | 140,211 | |
| 3.25%, 12/15/2050 (Callable 12/15/2024) | | | 4,665,000 | | | | 3,868,008 | |
| Vista Ridge Metropolitan District | |
| 5.00%, 12/01/2025 | | | 600,000 | | | | 615,666 | |
| 5.00%, 12/01/2026 | | | 460,000 | | | | 481,453 | |
| | | | | | | | 106,189,552 | |
| Connecticut - 0.9% | |
| City of West Haven CT | |
| 5.00%, 02/13/2025 | | | 1,750,000 | | | | 1,764,566 | |
| 5.00%, 02/15/2026 | | | 400,000 | | | | 410,197 | |
| 5.00%, 02/15/2028 | | | 350,000 | | | | 370,625 | |
| 5.00%, 02/15/2030 | | | 450,000 | | | | 488,507 | |
| 5.00%, 02/15/2032 | | | 350,000 | | | | 388,164 | |
| 5.00%, 02/15/2034 | | | 400,000 | | | | 452,125 | |
| 5.00%, 02/15/2036 (Callable 02/15/2034) | | | 200,000 | | | | 222,791 | |
| 5.00%, 02/15/2040 (Callable 02/15/2034) | | | 100,000 | | | | 107,785 | |
| 4.00%, 02/15/2044 (Callable 02/15/2034) | | | 250,000 | | | | 246,458 | |
| Connecticut Housing Finance Authority | |
| 5.00%, 11/15/2026 | | | 395,000 | | | | 411,533 | |
| 5.00%, 05/15/2027 | | | 440,000 | | | | 462,224 | |
| 5.00%, 11/15/2027 | | | 445,000 | | | | 471,810 | |
| 5.00%, 05/15/2028 | | | 210,000 | | | | 224,324 | |
| 5.00%, 11/15/2028 | | | 225,000 | | | | 241,972 | |
| 5.00%, 05/15/2029 | | | 230,000 | | | | 248,377 | |
| 5.00%, 11/15/2029 | | | 125,000 | | | | 136,103 | |
| 5.00%, 11/15/2030 | | | 160,000 | | | | 175,738 | |
| 4.00%, 11/15/2047 (Callable 11/15/2026) | | | 60,000 | | | | 59,550 | |
| 4.00%, 05/15/2049 (Callable 11/15/2028) | | | 890,000 | | | | 882,732 | |
| 3.50%, 11/15/2051 (Callable 05/15/2031) | | | 3,650,000 | | | | 3,560,159 | |
| Connecticut State Health & Educational Facilities Authority | |
| 4.00%, 07/01/2038 (Callable 07/01/2032) | | | 1,975,000 | | | | 1,944,736 | |
2.95%, 07/01/2049 (a) | | | 2,300,000 | | | | 2,267,185 | |
2.80%, 07/01/2057 (a) | | | 5,255,000 | | | | 5,163,866 | |
East Hartford Housing Authority, 4.25%, 02/01/2027 (Callable 08/01/2024) (a) | | | 2,000,000 | | | | 2,002,269 | |
| State of Connecticut, 4.63% (SIFMA Municipal Swap Index + 0.99%), 03/01/2025 | | | 375,000 | | | | 376,512 | |
| Town of Hamden CT | |
| 5.00%, 08/15/2026 | | | 125,000 | | | | 129,527 | |
| 5.00%, 08/15/2028 | | | 365,000 | | | | 392,687 | |
| 5.00%, 08/15/2029 | | | 575,000 | | | | 630,016 | |
| 5.00%, 08/15/2032 | | | 1,000,000 | | | | 1,145,389 | |
| | | | | | | | 25,377,927 | |
Delaware - 0.0%(f) | |
| Delaware Municipal Electric Corp., 4.00%, 07/01/2036 (Callable 07/01/2031) | | | 330,000 | | | | 342,681 | |
| District of Columbia - 1.6% | |
| District of Columbia Housing Finance Agency | |
0.35%, 04/01/2025 (a) | | | 5,350,000 | | | | 5,350,000 | |
5.00%, 12/01/2026 (Callable 12/01/2025) (a) | | | 5,090,000 | | | | 5,164,291 | |
0.50%, 03/01/2027 (Callable 05/02/2024) (a) | | | 2,675,000 | | | | 2,607,677 | |
4.00%, 09/01/2040 (Callable 03/01/2025) (a) | | | 3,670,000 | | | | 3,668,807 | |
District of Columbia Water & Sewer Authority, 3.00%, 10/01/2057 (Callable 07/01/2027) (a) | | | 7,600,000 | | | | 7,405,729 | |
| Metropolitan Washington Airports Authority | |
6.50%, 10/01/2044 (Callable 10/01/2028) (d) | | | 3,015,000 | | | | 3,333,573 | |
6.50%, 10/01/2044 (Callable 10/01/2028) (d) | | | 1,670,000 | | | | 1,869,086 | |
| Metropolitan Washington Airports Authority Aviation Revenue | |
5.00%, 10/01/2028 (c) | | | 2,600,000 | | | | 2,793,654 | |
| 5.00%, 10/01/2033 (Callable 10/01/2025) | | | 250,000 | | | | 255,945 | |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue | |
0.00%, 10/01/2029 (e) | | | 110,000 | | | | 91,365 | |
| 5.00%, 10/01/2038 (Callable 10/01/2028) | | | 330,000 | | | | 351,167 | |
Tender Option Bond Trust Receipts/Certificates, 4.40%, 07/01/2063 (Callable 07/01/2037) (a)(b) | | | 2,700,000 | | | | 2,700,000 | |
| | | | | | | | 35,591,294 | |
| Florida - 4.2% | |
| Alachua County Health Facilities Authority, 5.00%, 12/01/2027 (Callable 12/01/2024) | | | 815,000 | | | | 823,000 | |
| Broward County Housing Finance Authority | |
3.50%, 04/01/2041 (Callable 10/01/2025) (a) | | | 3,000,000 | | | | 2,975,699 | |
4.05%, 09/01/2056 (a) | | | 1,000,000 | | | | 1,004,073 | |
3.40%, 03/01/2057 (Callable 03/01/2025) (a) | | | 1,400,000 | | | | 1,386,816 | |
| Capital Trust Agency, Inc. | |
| 5.00%, 12/15/2029 (Callable 06/15/2026) | | | 800,000 | | | | 810,571 | |
| 4.00%, 06/01/2041 (Callable 06/01/2028) | | | 330,000 | | | | 308,231 | |
| 4.00%, 06/01/2056 (Callable 06/01/2028) | | | 485,000 | | | | 407,972 | |
| Central Florida Tourism Oversight District | |
| 4.00%, 06/01/2035 (Callable 06/01/2027) | | | 1,000,000 | | | | 1,011,271 | |
| 5.00%, 06/01/2035 (Callable 06/01/2026) | | | 5,000,000 | | | | 5,128,352 | |
| City of Cape Coral FL Water & Sewer Revenue | |
| 5.60%, 03/01/2048 (Callable 03/01/2033) | | | 5,000,000 | | | | 5,668,304 | |
| 5.25%, 10/01/2053 (Callable 10/01/2033) | | | 1,250,000 | | | | 1,387,010 | |
| City of Fort Lauderdale FL Water & Sewer Revenue, 5.50%, 09/01/2048 (Callable 09/01/2033) | | | 7,000,000 | | | | 7,995,835 | |
| City of Fort Myers FL | |
| 5.00%, 12/01/2029 (Callable 12/01/2025) | | | 475,000 | | | | 486,154 | |
| 4.00%, 12/01/2037 (Callable 12/01/2025) | | | 1,000,000 | | | | 1,001,670 | |
| 4.00%, 12/01/2038 (Callable 12/01/2025) | | | 500,000 | | | | 501,832 | |
| City of Jacksonville FL | |
| 4.00%, 11/01/2032 (Callable 11/01/2029) | | | 375,000 | | | | 380,030 | |
3.64%, 08/01/2036 (Callable 05/01/2024) (a) | | | 9,300,000 | | | | 9,300,000 | |
| 4.00%, 11/01/2040 (Callable 11/01/2024) | | | 65,000 | | | | 61,577 | |
| City of Orlando FL Tourist Development Tax Revenue, 5.00%, 11/01/2034 (Callable 11/01/2027) | | | 775,000 | | | | 811,970 | |
| City of Tallahassee FL | |
| 5.00%, 12/01/2029 (Callable 12/01/2025) | | | 610,000 | | | | 622,415 | |
| 5.00%, 12/01/2040 (Callable 06/01/2025) | | | 1,260,000 | | | | 1,264,786 | |
| Collier County Educational Facilities Authority | |
| 5.00%, 06/01/2024 | | | 255,000 | | | | 254,880 | |
| 5.00%, 06/01/2026 | | | 1,840,000 | | | | 1,850,234 | |
| 5.00%, 06/01/2028 | | | 1,775,000 | | | | 1,808,623 | |
| 5.00%, 06/01/2029 | | | 1,065,000 | | | | 1,093,293 | |
Collier County Industrial Development Authority, 5.00%, 10/01/2054 (Callable 10/01/2030) (a) | | | 1,250,000 | | | | 1,380,078 | |
| County of Miami-Dade FL | |
| 5.00%, 06/01/2027 (Callable 06/01/2025) | | | 2,500,000 | | | | 2,538,220 | |
6.88%, 10/01/2034 (Callable 10/01/2029) (d) | | | 255,000 | | | | 307,333 | |
7.00%, 10/01/2039 (Callable 10/01/2029) (d) | | | 390,000 | | | | 465,526 | |
| County of Miami-Dade FL Aviation Revenue | |
5.00%, 10/01/2025 (c) | | | 1,000,000 | | | | 1,016,382 | |
| 5.00%, 10/01/2032 (Callable 10/01/2026) | | | 360,000 | | | | 372,447 | |
| 5.00%, 10/01/2041 (Callable 10/01/2026) | | | 2,285,000 | | | | 2,330,743 | |
| County of Osceola FL Transportation Revenue, 5.00%, 10/01/2031 (Callable 10/01/2029) | | | 550,000 | | | | 594,788 | |
| County of Seminole FL, 5.00%, 10/01/2052 (Callable 10/01/2032) | | | 2,500,000 | | | | 2,668,088 | |
| Escambia County Health Facilities Authority, 5.00%, 08/15/2035 (Callable 02/15/2030) | | | 820,000 | | | | 859,203 | |
| Florida Development Finance Corp. | |
4.00%, 06/01/2025 (b) | | | 110,000 | | | | 108,851 | |
4.00%, 06/01/2026 (b) | | | 225,000 | | | | 220,517 | |
| 5.00%, 04/01/2028 | | | 400,000 | | | | 424,076 | |
| 5.00%, 04/01/2029 | | | 250,000 | | | | 268,849 | |
6.13%, 07/01/2032 (Callable 04/02/2026) (a)(b)(c) | | | 4,500,000 | | | | 4,590,938 | |
| 5.00%, 06/15/2034 (Callable 06/15/2027) | | | 800,000 | | | | 823,252 | |
| 5.25%, 06/15/2034 (Callable 06/15/2032) | | | 1,250,000 | | | | 1,347,241 | |
| 5.00%, 06/15/2040 (Callable 06/15/2027) | | | 1,650,000 | | | | 1,669,077 | |
| Florida Gulf Coast University Financing Corp., 5.00%, 08/01/2029 (Callable 02/01/2028) | | | 600,000 | | | | 635,878 | |
| Florida Housing Finance Corp. | |
1.00%, 02/01/2025 (a) | | | 4,550,000 | | | | 4,474,434 | |
5.00%, 12/01/2026 (a) | | | 3,000,000 | | | | 3,047,653 | |
3.35%, 10/01/2027 (a) | | | 2,250,000 | | | | 2,232,182 | |
| 4.20%, 01/01/2045 (Callable 01/01/2028) | | | 595,000 | | | | 584,464 | |
| 4.00%, 07/01/2047 (Callable 07/01/2025) | | | 40,000 | | | | 39,796 | |
| 3.00%, 01/01/2052 (Callable 01/01/2030) | | | 940,000 | | | | 909,413 | |
| 5.50%, 01/01/2054 (Callable 01/01/2032) | | | 2,470,000 | | | | 2,574,192 | |
| Florida Municipal Power Agency | |
| 4.00%, 10/01/2030 (Callable 10/01/2027) | | | 500,000 | | | | 515,432 | |
| 5.00%, 10/01/2030 (Callable 10/01/2026) | | | 495,000 | | | | 513,247 | |
Highlands County Health Facilities Authority, 3.64%, 11/15/2035 (Callable 05/01/2024) (a) | | | 2,955,000 | | | | 2,955,000 | |
| Jacksonville Housing Authority, 5.00%, 02/01/2034 (Callable 02/01/2033) | | | 4,000,000 | | | | 4,366,013 | |
| Lee County Housing Finance Authority | |
3.50%, 02/01/2027 (a) | | | 1,000,000 | | | | 986,883 | |
3.55%, 08/01/2027 (Callable 02/01/2025) (a) | | | 1,500,000 | | | | 1,484,560 | |
| Lee County Industrial Development Authority/FL, 3.75%, 10/01/2027 (Callable 05/02/2024) | | | 1,710,000 | | | | 1,655,491 | |
| Miami Beach Redevelopment Agency, 5.00%, 02/01/2027 (Callable 05/02/2024) | | | 1,000,000 | | | | 1,002,945 | |
| Miami-Dade County Educational Facilities Authority | |
| 4.00%, 04/01/2032 (Callable 05/02/2024) | | | 200,000 | | | | 200,072 | |
| 4.00%, 04/01/2037 (Callable 05/02/2024) | | | 200,000 | | | | 200,042 | |
| Miami-Dade County Housing Finance Authority | |
4.05%, 09/01/2026 (a) | | | 1,650,000 | | | | 1,650,069 | |
5.00%, 03/01/2027 (a) | | | 1,440,000 | | | | 1,460,053 | |
| Orange County Health Facilities Authority, 5.00%, 08/01/2028 (Callable 08/01/2024) | | | 2,500,000 | | | | 2,506,797 | |
| Orange County Housing Finance Authority, 3.00%, 09/01/2050 (Callable 09/01/2029) | | | 915,000 | | | | 885,699 | |
| Palm Beach County Health Facilities Authority | |
| 4.00%, 05/15/2024 | | | 320,000 | | | | 319,291 | |
| 5.00%, 11/01/2032 | | | 200,000 | | | | 215,130 | |
| 4.00%, 05/15/2035 (Callable 05/15/2025) | | | 250,000 | | | | 226,077 | |
Palm Beach County Housing Finance Authority, 5.00%, 04/01/2026 (a) | | | 3,385,000 | | | | 3,408,137 | |
| Pinellas County Housing Finance Authority, 6.00%, 03/01/2054 (Callable 03/01/2032) | | | 2,260,000 | | | | 2,405,431 | |
| Pinellas County School Board, 5.00%, 07/01/2033 (Callable 07/01/2027) | | | 515,000 | | | | 547,756 | |
| Santa Rosa County School Board, 5.00%, 02/01/2038 (Callable 08/01/2029) | | | 1,030,000 | | | | 1,115,487 | |
| Sarasota County Public Hospital District, 5.50%, 07/01/2028 | | | 5,000,000 | | | | 5,254,392 | |
| School Board of Miami-Dade County, 5.00%, 11/01/2030 (Callable 11/01/2024) | | | 660,000 | | | | 664,351 | |
| School Board of Miami-Dade County/The, 5.00%, 02/01/2028 (Callable 02/01/2026) | | | 3,500,000 | | | | 3,605,110 | |
| School District of Broward County/FL, 5.00%, 07/01/2036 (Callable 07/01/2032) | | | 3,000,000 | | | | 3,443,224 | |
| Seminole County Industrial Development Authority | |
4.00%, 06/15/2028 (b) | | | 245,000 | | | | 239,149 | |
4.00%, 06/15/2029 (b) | | | 260,000 | | | | 252,606 | |
4.00%, 06/15/2030 (b) | | | 535,000 | | | | 516,977 | |
4.00%, 06/15/2036 (Callable 06/15/2031) (b) | | | 470,000 | | | | 429,843 | |
4.00%, 06/15/2041 (Callable 06/15/2031) (b) | | | 845,000 | | | | 714,315 | |
St Johns County Housing Finance Authority, 3.55%, 07/01/2027 (Callable 01/01/2025) (a) | | | 1,000,000 | | | | 989,521 | |
| Village Community Development District No 10, 5.00%, 05/01/2035 (Callable 05/01/2033) | | | 1,125,000 | | | | 1,284,295 | |
| Village Community Development District No 13, 2.63%, 05/01/2024 | | | 125,000 | | | | 124,882 | |
| Volusia County Educational Facility Authority, 4.00%, 10/15/2036 (Callable 10/15/2029) | | | 500,000 | | | | 509,630 | |
| | | | | | | | 131,476,126 | |
| Georgia - 3.8% | |
Atlanta Urban Residential Finance Authority, 2.00%, 09/01/2025 (Callable 09/01/2024) (a) | | | 5,025,000 | | | | 4,957,481 | |
| Bartow County Development Authority | |
1.80%, 09/01/2029 (Callable 11/19/2026) (a) | | | 4,810,000 | | | | 4,112,310 | |
3.95%, 12/01/2032 (a) | | | 2,750,000 | | | | 2,783,466 | |
| City of Atlanta GA | |
| 5.00%, 01/01/2025 (Callable 05/02/2024) | | | 225,000 | | | | 225,185 | |
| 5.00%, 01/01/2028 (Callable 05/02/2024) | | | 1,000,000 | | | | 1,000,985 | |
City of Atlanta GA Department of Aviation, 5.00%, 07/01/2025 (c) | | | 1,250,000 | | | | 1,269,898 | |
| City of Monroe GA Combined Utility Revenue | |
| 4.00%, 12/01/2036 (Callable 12/01/2030) | | | 500,000 | | | | 514,447 | |
| 4.00%, 12/01/2037 (Callable 12/01/2030) | | | 750,000 | | | | 764,604 | |
| Clayton County Development Authority, 4.00%, 07/01/2031 (Callable 07/01/2027) | | | 495,000 | | | | 502,773 | |
| Cobb County Kennestone Hospital Authority, 5.00%, 04/01/2042 (Callable 04/01/2027) | | | 890,000 | | | | 913,015 | |
| DeKalb County Housing Authority | |
| 4.00%, 12/01/2033 (Callable 12/01/2030) | | | 7,500,000 | | | | 7,520,055 | |
| 4.00%, 03/01/2034 (Callable 03/01/2031) | | | 3,180,000 | | | | 3,151,496 | |
| Development Authority for Fulton County | |
| 5.00%, 09/01/2028 | | | 625,000 | | | | 672,689 | |
| 5.00%, 10/01/2029 | | | 1,710,000 | | | | 1,867,167 | |
Development Authority of Appling County, 4.40%, 09/01/2041 (Callable 04/01/2024) (a) | | | 21,400,000 | | | | 21,400,000 | |
| Development Authority of Bulloch County | |
| 5.00%, 07/01/2030 | | | 405,000 | | | | 451,014 | |
| 5.00%, 07/01/2031 (Callable 07/01/2030) | | | 420,000 | | | | 465,416 | |
| 5.00%, 07/01/2032 (Callable 07/01/2030) | | | 445,000 | | | | 492,931 | |
| 5.00%, 07/01/2033 (Callable 07/01/2030) | | | 465,000 | | | | 514,927 | |
| 4.00%, 07/01/2039 (Callable 07/01/2030) | | | 305,000 | | | | 308,313 | |
Development Authority of Monroe County/The, 1.50%, 01/01/2039 (a) | | | 5,240,000 | | | | 5,056,334 | |
Fayette County Hospital Authority/GA, 5.00%, 07/01/2054 (Callable 05/02/2024) (a) | | | 975,000 | | | | 976,518 | |
Gainesville & Hall County Development Authority, 3.90%, 11/15/2033 (Callable 05/01/2024) (a) | | | 2,600,000 | | | | 2,600,000 | |
| Gainesville & Hall County Hospital Authority, 5.00%, 02/15/2029 (Callable 02/15/2027) | | | 500,000 | | | | 524,679 | |
| Georgia Housing & Finance Authority, 3.60%, 12/01/2033 (Callable 06/01/2027) | | | 225,000 | | | | 222,453 | |
| Georgia Local Government, 4.75%, 06/01/2028 | | | 2,910,000 | | | | 2,979,957 | |
| Main Street Natural Gas, Inc. | |
| 5.00%, 12/01/2027 | | | 1,500,000 | | | | 1,541,341 | |
| 5.00%, 05/15/2034 (Callable 05/15/2029) | | | 1,530,000 | | | | 1,611,759 | |
4.00%, 03/01/2050 (Callable 06/01/2026) (a) | | | 6,000,000 | | | | 6,022,672 | |
4.00%, 07/01/2052 (Callable 06/01/2027) (a) | | | 10,515,000 | | | | 10,598,384 | |
4.00%, 08/01/2052 (Callable 05/01/2027) (a)(b) | | | 13,000,000 | | | | 12,648,861 | |
5.00%, 12/01/2052 (Callable 03/01/2029) (a) | | | 5,645,000 | | | | 5,913,123 | |
| Private Colleges & Universities Authority | |
| 5.00%, 06/01/2027 | | | 420,000 | | | | 437,838 | |
| 5.00%, 06/01/2028 | | | 495,000 | | | | 524,017 | |
| 5.00%, 06/01/2029 | | | 400,000 | | | | 430,104 | |
| 4.00%, 06/01/2034 (Callable 06/01/2031) | | | 395,000 | | | | 408,836 | |
| 4.00%, 06/01/2035 (Callable 06/01/2031) | | | 500,000 | | | | 513,999 | |
| | | | | | | | 106,899,047 | |
| Hawaii - 0.1% | |
| State of Hawaii Airports System Revenue | |
5.25%, 08/01/2025 (Callable 04/22/2024) (c) | | | 2,500,000 | | | | 2,501,103 | |
5.00%, 08/01/2027 (Callable 04/22/2024) (c) | | | 1,000,000 | | | | 1,000,309 | |
| | | | | | | | 3,501,412 | |
| Idaho - 0.3% | |
| County of Nez Perce ID, 5.50%, 03/01/2042 (Callable 03/01/2032) | | | 680,000 | | | | 745,284 | |
| Idaho Housing & Finance Association | |
| 4.00%, 05/01/2031 | | | 200,000 | | | | 203,433 | |
| 4.00%, 05/01/2035 (Callable 05/01/2032) | | | 425,000 | | | | 431,117 | |
| 5.25%, 05/01/2038 (Callable 05/01/2031) | | | 300,000 | | | | 322,538 | |
| 5.50%, 05/01/2043 (Callable 05/01/2031) | | | 350,000 | | | | 376,583 | |
| 6.00%, 07/01/2054 (Callable 01/01/2033) | | | 4,500,000 | | | | 4,977,037 | |
| | | | | | | | 7,055,992 | |
| Illinois - 9.5% | |
| Adams & Hancock Counties Community Unit School District No 4/IL | |
| 4.00%, 12/01/2027 (Callable 12/01/2025) | | | 290,000 | | | | 293,386 | |
| 4.00%, 12/01/2029 (Callable 12/01/2025) | | | 310,000 | | | | 312,950 | |
| 4.00%, 12/01/2032 (Callable 12/01/2025) | | | 350,000 | | | | 352,291 | |
| Bridgeview Finance Corp., 5.00%, 12/01/2037 (Callable 12/01/2027) | | | 735,000 | | | | 737,406 | |
| Champaign County Community Unit School District No 7 Tolono | |
| 5.00%, 12/01/2032 | | | 205,000 | | | | 229,398 | |
| 5.00%, 12/01/2033 | | | 610,000 | | | | 689,269 | |
| Channahon Park District | |
| 4.00%, 12/15/2031 (Callable 12/15/2029) | | | 460,000 | | | | 476,771 | |
| 4.00%, 12/15/2034 (Callable 12/15/2029) | | | 510,000 | | | | 528,387 | |
| 4.00%, 12/15/2036 (Callable 12/15/2029) | | | 950,000 | | | | 966,283 | |
| 4.00%, 12/15/2038 (Callable 12/15/2029) | | | 595,000 | | | | 599,567 | |
| Chicago Board of Education | |
0.00%, 12/01/2025 (e) | | | 2,280,000 | | | | 2,131,453 | |
0.00%, 12/01/2025 (e) | | | 500,000 | | | | 467,424 | |
| 5.00%, 12/01/2025 | | | 600,000 | | | | 608,371 | |
| 5.00%, 12/01/2029 (Callable 12/01/2028) | | | 1,000,000 | | | | 1,057,631 | |
| 7.00%, 12/01/2044 (Callable 12/01/2025) | | | 1,375,000 | | | | 1,430,746 | |
| 6.50%, 12/01/2046 (Callable 12/01/2026) | | | 1,000,000 | | | | 1,045,804 | |
| Chicago Board of Education Dedicated Capital Improvement Tax | |
| 5.25%, 04/01/2033 | | | 1,000,000 | | | | 1,147,376 | |
| 5.25%, 04/01/2035 (Callable 04/01/2033) | | | 1,500,000 | | | | 1,702,415 | |
| Chicago Midway International Airport | |
5.00%, 01/01/2026 (c) | | | 1,735,000 | | | | 1,772,170 | |
5.00%, 01/01/2029 (Callable 01/01/2026) (c) | | | 2,000,000 | | | | 2,034,371 | |
| Chicago O'Hare International Airport | |
5.00%, 01/01/2026 (c) | | | 3,500,000 | | | | 3,571,411 | |
5.00%, 01/01/2029 (Callable 01/01/2025) (c) | | | 4,675,000 | | | | 4,709,874 | |
5.00%, 01/01/2029 (Callable 01/01/2025) (c) | | | 2,150,000 | | | | 2,166,038 | |
5.00%, 01/01/2029 (c) | | | 660,000 | | | | 707,740 | |
| 5.00%, 01/01/2035 (Callable 01/01/2026) | | | 1,575,000 | | | | 1,617,483 | |
5.00%, 01/01/2036 (Callable 01/01/2026) (c) | | | 1,255,000 | | | | 1,276,836 | |
5.00%, 01/01/2036 (Callable 01/01/2032) (c) | | | 335,000 | | | | 370,598 | |
| 5.25%, 01/01/2042 (Callable 01/01/2033) | | | 1,370,000 | | | | 1,498,008 | |
| 5.25%, 01/01/2043 (Callable 01/01/2033) | | | 1,000,000 | | | | 1,088,653 | |
| Chicago Park District | |
| 5.25%, 01/01/2043 (Callable 01/01/2033) | | | 1,000,000 | | | | 1,087,103 | |
| 5.25%, 01/01/2044 (Callable 01/01/2033) | | | 1,730,000 | | | | 1,872,495 | |
| 5.25%, 01/01/2046 (Callable 01/01/2033) | | | 2,500,000 | | | | 2,686,564 | |
| Chicago Transit Authority Sales Tax Receipts Fund, 5.25%, 12/01/2049 (Callable 12/01/2024) | | | 6,700,000 | | | | 6,723,938 | |
| City of Chicago Heights IL | |
| 4.00%, 12/01/2028 | | | 200,000 | | | | 207,932 | |
| 4.00%, 12/01/2030 (Callable 12/01/2029) | | | 350,000 | | | | 366,367 | |
| 4.00%, 12/01/2031 (Callable 12/01/2029) | | | 365,000 | | | | 380,943 | |
| City of Chicago IL | |
4.00%, 09/01/2025 (Callable 09/01/2024) (a) | | | 1,750,000 | | | | 1,745,586 | |
0.00%, 01/01/2027 (e) | | | 195,000 | | | | 177,207 | |
0.00%, 01/01/2028 (e) | | | 3,285,000 | | | | 2,897,574 | |
| 5.00%, 11/01/2028 (Callable 11/01/2027) | | | 625,000 | | | | 660,283 | |
| 5.00%, 11/01/2033 (Callable 11/01/2027) | | | 525,000 | | | | 557,907 | |
| City of Chicago IL Wastewater Transmission Revenue | |
| 5.00%, 01/01/2030 (Callable 05/02/2024) | | | 445,000 | | | | 446,451 | |
| 5.50%, 01/01/2030 | | | 800,000 | | | | 855,615 | |
| 5.00%, 01/01/2034 (Callable 05/02/2024) | | | 1,000,000 | | | | 1,002,484 | |
| 5.00%, 01/01/2039 (Callable 05/02/2024) | | | 3,220,000 | | | | 3,223,528 | |
| 5.25%, 01/01/2042 (Callable 07/01/2032) | | | 2,420,000 | | | | 2,704,630 | |
| 5.25%, 01/01/2043 (Callable 07/01/2032) | | | 6,490,000 | | | | 7,204,091 | |
| 5.00%, 01/01/2044 (Callable 05/02/2024) | | | 1,000,000 | | | | 1,000,947 | |
| City of Chicago IL Waterworks Revenue | |
| 5.00%, 11/01/2027 (Callable 11/01/2024) | | | 265,000 | | | | 267,126 | |
| 5.00%, 11/01/2029 (Callable 11/01/2026) | | | 1,810,000 | | | | 1,882,916 | |
| 4.00%, 11/01/2032 (Callable 11/01/2024) | | | 200,000 | | | | 200,863 | |
| 5.00%, 11/01/2036 (Callable 05/01/2032) | | | 1,000,000 | | | | 1,129,383 | |
| 5.00%, 11/01/2036 (Callable 11/01/2027) | | | 260,000 | | | | 274,338 | |
| City of Decatur IL | |
| 4.25%, 03/01/2030 (Callable 05/02/2024) | | | 250,000 | | | | 250,222 | |
| 5.00%, 03/01/2034 (Callable 03/01/2026) | | | 905,000 | | | | 932,000 | |
| City of Springfield IL Electric Revenue, 5.00%, 03/01/2033 (Callable 03/01/2025) | | | 4,000,000 | | | | 4,038,401 | |
Community Unit School District Number 427 DeKalb and Kane Counties Illinois, 0.00%, 01/01/2026 (e) | | | 1,340,000 | | | | 1,252,579 | |
| Cook County Community Consolidated School District No 15 Palatine, 5.25%, 06/15/2041 (Callable 06/15/2033) | | | 1,190,000 | | | | 1,316,925 | |
| Cook County Community High School District No 217 Argo, 4.50%, 12/01/2039 (Callable 12/01/2031) | | | 1,495,000 | | | | 1,560,330 | |
| Cook County School District No 111 Burbank, 4.00%, 12/01/2025 | | | 1,000,000 | | | | 1,011,364 | |
| Cook County School District No 130 Blue Island, 5.00%, 12/01/2027 (Callable 12/01/2025) | | | 1,210,000 | | | | 1,241,154 | |
| Cook County School District No 135 Orland, 5.00%, 12/01/2024 | | | 930,000 | | | | 937,337 | |
| Cook County School District No 143.5 Posen-Robbins, 5.00%, 12/01/2033 | | | 90,000 | | | | 97,861 | |
| Cook County School District No 99 Cicero | |
| 4.00%, 12/01/2029 | | | 2,425,000 | | | | 2,499,467 | |
| 4.00%, 12/01/2030 | | | 250,000 | | | | 258,778 | |
| Cook County School District No. 163 | |
| 6.00%, 12/15/2025 | | | 430,000 | | | | 448,611 | |
| 6.00%, 12/15/2027 | | | 1,150,000 | | | | 1,263,123 | |
| Cook County School District No. 83, 5.63%, 06/01/2033 | | | 815,000 | | | | 941,200 | |
| County of Cook IL, 5.00%, 11/15/2033 (Callable 11/15/2030) | | | 1,500,000 | | | | 1,674,702 | |
| County of Cook IL Sales Tax Revenue | |
| 4.00%, 11/15/2038 (Callable 11/15/2027) | | | 1,675,000 | | | | 1,686,751 | |
| 4.00%, 11/15/2040 (Callable 11/15/2030) | | | 595,000 | | | | 601,637 | |
| 5.00%, 11/15/2041 (Callable 11/15/2032) | | | 1,890,000 | | | | 2,065,554 | |
| County of Sangamon IL | |
| 3.00%, 12/15/2038 (Callable 12/15/2029) | | | 825,000 | | | | 719,177 | |
| 3.00%, 12/15/2039 (Callable 12/15/2029) | | | 700,000 | | | | 597,752 | |
| Crawford Hospital District, 4.00%, 01/01/2031 (Callable 01/01/2029) | | | 345,000 | | | | 352,751 | |
| DuPage County High School District No. 87, 5.00%, 01/01/2029 (Callable 01/01/2025) | | | 315,000 | | | | 318,330 | |
| DuPage County School District No 60 Maercker, 4.00%, 12/30/2036 (Callable 12/30/2027) | | | 1,000,000 | | | | 1,012,459 | |
| Eastern Illinois Economic Development Authority, 5.00%, 11/01/2033 (Callable 11/01/2028) | | | 1,000,000 | | | | 1,000,434 | |
| Exceptional Children Have Opportunities | |
| 4.00%, 12/01/2034 (Callable 12/01/2029) | | | 765,000 | | | | 784,547 | |
| 4.00%, 12/01/2035 (Callable 12/01/2029) | | | 645,000 | | | | 661,300 | |
| Ford, Champaign Counties Community Unit School District No. 10, 5.00%, 12/01/2027 (Callable 12/01/2026) | | | 600,000 | | | | 628,311 | |
| Greene Jersey & Macoupin Counties Community Unit School District No 9 Southwestern | |
| 5.00%, 12/01/2029 | | | 350,000 | | | | 381,363 | |
| 5.00%, 12/01/2030 | | | 320,000 | | | | 352,667 | |
| 5.00%, 12/01/2031 (Callable 12/01/2030) | | | 535,000 | | | | 587,767 | |
| 5.00%, 12/01/2032 (Callable 12/01/2030) | | | 600,000 | | | | 658,971 | |
| 5.00%, 12/01/2033 (Callable 12/01/2030) | | | 325,000 | | | | 356,781 | |
| Hampshire Special Service Area No 13 | |
| 3.25%, 03/01/2032 (Callable 03/01/2027) | | | 165,000 | | | | 156,362 | |
| 3.30%, 03/01/2033 (Callable 03/01/2027) | | | 175,000 | | | | 165,604 | |
| 3.35%, 03/01/2034 (Callable 03/01/2027) | | | 185,000 | | | | 174,950 | |
| 3.40%, 03/01/2035 (Callable 03/01/2027) | | | 195,000 | | | | 184,358 | |
| 3.45%, 03/01/2036 (Callable 03/01/2027) | | | 205,000 | | | | 192,727 | |
| Henry & Whiteside Counties Community Unit School District No 228 Geneseo, 5.00%, 08/15/2031 (Callable 08/15/2025) | | | 270,000 | | | | 275,433 | |
| Hoffman Estates Park District, 5.00%, 12/01/2040 (Callable 12/01/2030) | | | 5,000,000 | | | | 5,376,170 | |
| Huntley Area Public Library District, 5.00%, 02/01/2037 (Callable 02/01/2029) | | | 500,000 | | | | 542,842 | |
| Illinois Development Finance Authority | |
0.00%, 07/15/2025 (e) | | | 2,735,000 | | | | 2,614,716 | |
2.45%, 11/15/2039 (a) | | | 1,125,000 | | | | 1,099,895 | |
| Illinois Educational Facilities Authority, 4.00%, 11/01/2036 (Callable 05/02/2024) | | | 1,065,000 | | | | 1,066,902 | |
| Illinois Finance Authority | |
| 5.00%, 07/01/2024 | | | 2,870,000 | | | | 2,875,316 | |
| 5.00%, 11/01/2024 | | | 1,100,000 | | | | 1,101,844 | |
| 5.00%, 07/01/2025 | | | 3,140,000 | | | | 3,185,761 | |
| 5.00%, 05/15/2029 (Callable 05/15/2026) | | | 385,000 | | | | 396,737 | |
| 5.00%, 10/01/2030 (Callable 10/01/2026) | | | 140,000 | | | | 145,928 | |
| 5.00%, 02/15/2031 (Callable 08/15/2027) | | | 500,000 | | | | 511,160 | |
| 5.00%, 11/15/2031 (Callable 11/15/2025) | | | 1,000,000 | | | | 1,019,917 | |
| 5.00%, 05/15/2033 (Callable 11/15/2028) | | | 4,500,000 | | | | 4,725,756 | |
4.50%, 08/01/2033 (b) | | | 1,275,000 | | | | 1,308,125 | |
| 4.00%, 05/15/2034 (Callable 05/15/2026) | | | 300,000 | | | | 298,667 | |
| 4.94% (SOFR + 1.20%), 11/01/2034 (Callable 03/01/2025) | | | 7,765,000 | | | | 7,746,269 | |
| 5.00%, 02/15/2036 (Callable 02/15/2027) | | | 1,405,000 | | | | 1,450,983 | |
| 5.00%, 11/15/2039 (Callable 05/15/2025) | | | 5,600,000 | | | | 5,643,888 | |
3.88%, 05/01/2040 (a) | | | 2,220,000 | | | | 2,227,674 | |
| 4.00%, 12/01/2040 (Callable 12/01/2027) | | | 270,000 | | | | 271,229 | |
| 4.00%, 09/01/2041 (Callable 09/01/2026) | | | 240,000 | | | | 227,451 | |
| 5.00%, 10/01/2041 (Callable 10/01/2026) | | | 1,400,000 | | | | 1,430,236 | |
| 4.00%, 12/01/2042 (Callable 12/01/2027) | | | 275,000 | | | | 275,677 | |
| Illinois Housing Development Authority | |
2.38%, 04/01/2025 (Callable 04/01/2024) (a) | | | 3,535,000 | | | | 3,535,000 | |
4.00%, 09/01/2025 (Callable 09/01/2024) (a) | | | 1,000,000 | | | | 998,084 | |
4.00%, 06/01/2026 (Callable 06/01/2025) (a) | | | 2,855,000 | | | | 2,851,360 | |
| 3.10%, 02/01/2035 (Callable 02/01/2026) | | | 580,000 | | | | 549,357 | |
4.00%, 03/01/2043 (Callable 08/01/2024) (a) | | | 2,800,000 | | | | 2,790,989 | |
| 2.45%, 06/01/2043 (Callable 05/02/2024) | | | 280,758 | | | | 223,038 | |
4.00%, 07/01/2043 (Callable 01/01/2025) (a) | | | 2,500,000 | | | | 2,497,823 | |
| 5.25%, 10/01/2043 (Callable 10/01/2032) | | | 2,145,000 | | | | 2,272,206 | |
| 4.00%, 10/01/2048 (Callable 04/01/2027) | | | 3,535,000 | | | | 3,506,538 | |
| 4.64% (SIFMA Municipal Swap Index + 1.00%), 05/15/2050 (Callable 11/15/2024) | | | 535,000 | | | | 534,884 | |
| 3.00%, 04/01/2051 (Callable 04/01/2030) | | | 160,000 | | | | 154,363 | |
| 6.25%, 10/01/2052 (Callable 04/01/2032) | | | 6,865,000 | | | | 7,361,223 | |
| 5.75%, 10/01/2053 (Callable 04/01/2032) | | | 4,900,000 | | | | 5,218,216 | |
3.65%, 07/01/2065 (Callable 04/01/2024) (a) | | | 8,230,000 | | | | 8,230,000 | |
| Illinois Sports Facilities Authority/The | |
| 5.00%, 06/15/2028 | | | 1,900,000 | | | | 2,009,630 | |
| 5.00%, 06/15/2029 | | | 3,780,000 | | | | 4,045,595 | |
| 5.00%, 06/15/2029 | | | 1,750,000 | | | | 1,872,923 | |
| 5.00%, 06/15/2032 (Callable 06/15/2031) | | | 480,000 | | | | 516,911 | |
| Illinois State Toll Highway Authority | |
| 5.00%, 12/01/2032 (Callable 01/01/2026) | | | 645,000 | | | | 663,768 | |
| 5.00%, 01/01/2036 (Callable 01/01/2025) | | | 2,100,000 | | | | 2,125,638 | |
| 5.00%, 01/01/2038 (Callable 01/01/2025) | | | 2,750,000 | | | | 2,777,413 | |
| 5.00%, 01/01/2045 (Callable 01/01/2031) | | | 1,895,000 | | | | 2,031,448 | |
| Illinois State University, 5.00%, 04/01/2031 (Callable 04/01/2028) | | | 500,000 | | | | 536,122 | |
| Jo Daviess County Community Unit School District No 119 East Dubuque | |
| 4.00%, 12/01/2034 (Callable 12/01/2028) | | | 280,000 | | | | 284,471 | |
| 4.00%, 12/01/2037 (Callable 12/01/2028) | | | 380,000 | | | | 387,480 | |
| 4.00%, 12/01/2037 (Callable 12/01/2028) | | | 310,000 | | | | 311,198 | |
| 4.00%, 12/01/2039 (Callable 12/01/2028) | | | 285,000 | | | | 287,261 | |
| 4.00%, 12/01/2039 (Callable 12/01/2028) | | | 230,000 | | | | 230,167 | |
| Joliet Park District | |
| 4.00%, 02/01/2030 (Callable 04/30/2024) | | | 250,000 | | | | 250,010 | |
| 4.00%, 02/01/2033 (Callable 04/30/2024) | | | 315,000 | | | | 315,012 | |
| 5.00%, 02/01/2034 (Callable 02/01/2033) | | | 500,000 | | | | 559,935 | |
| 5.00%, 02/01/2035 (Callable 02/01/2033) | | | 250,000 | | | | 279,073 | |
| 5.00%, 02/01/2036 (Callable 02/01/2033) | | | 235,000 | | | | 260,744 | |
| 5.00%, 02/01/2036 (Callable 02/01/2033) | | | 225,000 | | | | 249,648 | |
| 5.00%, 02/01/2037 (Callable 02/01/2033) | | | 285,000 | | | | 313,920 | |
| 5.00%, 02/01/2037 (Callable 02/01/2033) | | | 260,000 | | | | 286,384 | |
| 5.00%, 02/01/2038 (Callable 02/01/2033) | | | 285,000 | | | | 310,298 | |
| 5.00%, 02/01/2038 (Callable 02/01/2033) | | | 250,000 | | | | 272,191 | |
Kane & DeKalb Counties Community Unit School District No 301 Burlington, 0.00%, 12/01/2025 (e) | | | 1,625,000 | | | | 1,516,159 | |
| Kane Cook & DuPage Counties School District No U-46 Elgin, 5.00%, 01/01/2025 | | | 1,100,000 | | | | 1,110,084 | |
| Kane McHenry Cook & De Kalb Counties Unit School District No 300/IL, 5.00%, 01/01/2030 (Callable 07/01/2027) | | | 1,345,000 | | | | 1,419,117 | |
| Kankakee & Will Counties Community Unit School District No 5/IL, 4.00%, 05/01/2025 (Callable 05/02/2024) | | | 400,000 | | | | 399,023 | |
| Kankakee County School District No 111 Kankakee, 4.00%, 01/01/2025 | | | 480,000 | | | | 481,112 | |
| Knox & Warren Counties Community Unit School District No 205 Galesburg | |
| 4.00%, 01/01/2034 (Callable 01/01/2028) | | | 855,000 | | | | 876,051 | |
| 4.00%, 01/01/2036 (Callable 01/01/2028) | | | 920,000 | | | | 935,570 | |
| Lake County Community Unit School District No 187 North Chicago, 4.00%, 01/01/2035 (Callable 01/01/2027) | | | 1,190,000 | | | | 1,209,260 | |
| Lake County Consolidated High School District No 120 Mundelein | |
| 5.50%, 12/01/2037 (Callable 12/01/2032) | | | 750,000 | | | | 858,523 | |
| 5.50%, 12/01/2038 (Callable 12/01/2032) | | | 845,000 | | | | 959,477 | |
| 5.50%, 12/01/2040 (Callable 12/01/2032) | | | 1,510,000 | | | | 1,687,947 | |
| 5.50%, 12/01/2041 (Callable 12/01/2032) | | | 890,000 | | | | 991,536 | |
| Lake County School District No 33 Emmons | |
0.00%, 12/01/2026 (e) | | | 525,000 | | | | 471,704 | |
0.00%, 12/01/2028 (e) | | | 335,000 | | | | 279,583 | |
| Lake County Township High School District No 113-Highland Park, 4.00%, 01/01/2032 (Callable 01/01/2029) | | | 4,130,000 | | | | 4,265,161 | |
| Macon & De Witt Counties Community Unit School District No 2 Maroa-Forsyth | |
| 4.00%, 12/01/2036 (Callable 12/01/2030) | | | 835,000 | | | | 866,287 | |
| 4.00%, 12/01/2037 (Callable 12/01/2030) | | | 400,000 | | | | 409,665 | |
| Macon County School District No 61 Decatur | |
| 4.00%, 12/01/2034 (Callable 12/01/2028) | | | 150,000 | | | | 154,643 | |
| 4.00%, 12/01/2037 (Callable 12/01/2028) | | | 200,000 | | | | 200,738 | |
| 5.00%, 12/01/2037 (Callable 12/01/2028) | | | 1,500,000 | | | | 1,584,851 | |
| Madison Bond Etc Counties Community Unit School District No 5 Highland | |
| 5.50%, 02/01/2036 (Callable 02/01/2030) | | | 975,000 | | | | 1,096,389 | |
| 5.50%, 02/01/2037 (Callable 02/01/2030) | | | 380,000 | | | | 424,707 | |
| 5.50%, 02/01/2041 (Callable 02/01/2030) | | | 1,720,000 | | | | 1,885,553 | |
| 5.50%, 02/01/2042 (Callable 02/01/2030) | | | 550,000 | | | | 600,654 | |
| Madison County Community Unit School District No 8 Bethalto | |
| 4.00%, 12/01/2038 (Callable 12/01/2028) | | | 1,140,000 | | | | 1,134,456 | |
| 4.00%, 12/01/2039 (Callable 12/01/2028) | | | 1,000,000 | | | | 983,284 | |
| Metropolitan Pier & Exposition Authority | |
0.00%, 06/15/2029 (e) | | | 1,400,000 | | | | 1,170,271 | |
0.00%, 12/15/2034 (e) | | | 9,555,000 | | | | 6,506,966 | |
| Moultrie Shelby & Coles Counties Community Unit School District No 300 | |
| 5.00%, 12/01/2035 (Callable 06/01/2029) | | | 575,000 | | | | 617,119 | |
| 5.00%, 12/01/2038 (Callable 06/01/2029) | | | 1,000,000 | | | | 1,056,760 | |
| 5.00%, 12/01/2039 (Callable 06/01/2029) | | | 1,000,000 | | | | 1,052,923 | |
| 5.00%, 12/01/2040 (Callable 06/01/2029) | | | 1,520,000 | | | | 1,595,361 | |
| 5.00%, 12/01/2041 (Callable 06/01/2029) | | | 1,800,000 | | | | 1,884,102 | |
| 5.00%, 12/01/2042 (Callable 06/01/2029) | | | 1,550,000 | | | | 1,618,743 | |
| 5.00%, 12/01/2043 (Callable 06/01/2029) | | | 1,140,000 | | | | 1,188,400 | |
| Northern Illinois Municipal Power Agency, 4.00%, 12/01/2031 (Callable 12/01/2026) | | | 1,000,000 | | | | 1,010,841 | |
| Northern Illinois University | |
| 5.00%, 04/01/2025 | | | 1,675,000 | | | | 1,692,974 | |
| 5.00%, 10/01/2029 | | | 300,000 | | | | 323,646 | |
| 5.00%, 04/01/2033 (Callable 04/01/2030) | | | 675,000 | | | | 713,868 | |
| 4.00%, 10/01/2033 (Callable 04/01/2031) | | | 1,000,000 | | | | 1,020,613 | |
| 4.00%, 10/01/2034 (Callable 04/01/2031) | | | 1,435,000 | | | | 1,462,765 | |
| 4.00%, 04/01/2035 (Callable 04/01/2030) | | | 260,000 | | | | 263,956 | |
| 4.00%, 10/01/2035 (Callable 04/01/2031) | | | 1,000,000 | | | | 1,016,151 | |
| 4.00%, 10/01/2038 (Callable 04/01/2031) | | | 1,000,000 | | | | 998,014 | |
| 4.00%, 10/01/2039 (Callable 04/01/2031) | | | 1,700,000 | | | | 1,683,607 | |
| 4.00%, 10/01/2040 (Callable 04/01/2031) | | | 400,000 | | | | 391,372 | |
| 4.00%, 10/01/2041 (Callable 04/01/2031) | | | 425,000 | | | | 412,153 | |
| 4.00%, 10/01/2043 (Callable 04/01/2031) | | | 625,000 | | | | 595,976 | |
| Peoria City School District No. 150, 5.00%, 01/01/2026 | | | 330,000 | | | | 339,326 | |
| Peoria County School District No 63 Norwood | |
| 5.25%, 12/01/2039 (Callable 12/01/2033) | | | 250,000 | | | | 281,696 | |
| 5.25%, 12/01/2043 (Callable 12/01/2033) | | | 260,000 | | | | 284,391 | |
| 5.25%, 12/01/2043 (Callable 12/01/2033) | | | 325,000 | | | | 355,489 | |
| Regional Transportation Authority, 5.75%, 06/01/2029 | | | 5,000,000 | | | | 5,602,109 | |
| Rock Island County School District No 41 Rock Island/Milan | |
| 5.50%, 12/01/2038 (Callable 12/01/2031) | | | 1,905,000 | | | | 2,146,746 | |
| 5.50%, 12/01/2039 (Callable 12/01/2031) | | | 1,645,000 | | | | 1,844,548 | |
| 5.50%, 12/01/2040 (Callable 12/01/2031) | | | 1,665,000 | | | | 1,854,588 | |
| Sales Tax Securitization Corp., 5.00%, 01/01/2038 (Callable 01/01/2028) | | | 610,000 | | | | 638,645 | |
| Salt Creek Rural Park District, 5.00%, 12/01/2024 | | | 250,000 | | | | 251,514 | |
| Sangamon & Christian Counties Community Unit School District No 3A Rochester, 5.50%, 02/01/2040 (Callable 02/01/2032) | | | 500,000 | | | | 555,152 | |
| Sangamon & Morgan Counties Community Unit School District No 16 New Berlin, 5.50%, 12/01/2042 (Callable 12/01/2030) | | | 895,000 | | | | 975,382 | |
| Sangamon County School District No 186 Springfield, 4.00%, 02/01/2035 (Callable 02/01/2032) | | | 1,500,000 | | | | 1,552,154 | |
| Southern Illinois University, 5.00%, 04/01/2033 (Callable 04/01/2031) | | | 300,000 | | | | 326,484 | |
| Southwestern Illinois Community College District No 522 | |
| 5.00%, 12/01/2025 | | | 1,250,000 | | | | 1,279,579 | |
| 5.00%, 12/01/2026 | | | 1,000,000 | | | | 1,036,383 | |
| 5.00%, 12/01/2029 | | | 825,000 | | | | 897,383 | |
| Southwestern Illinois Development Authority | |
| 5.50%, 12/01/2040 (Callable 12/01/2031) | | | 2,305,000 | | | | 2,587,021 | |
| 4.13%, 12/01/2041 (Callable 12/01/2031) | | | 1,610,000 | | | | 1,623,885 | |
| St Clair County Community Unit School District No 187 Cahokia | |
| 4.00%, 01/01/2028 | | | 70,000 | | | | 72,948 | |
| 5.00%, 01/01/2038 (Callable 01/01/2034) | | | 250,000 | | | | 273,034 | |
| 5.00%, 01/01/2038 (Callable 01/01/2034) | | | 225,000 | | | | 245,730 | |
| 5.00%, 01/01/2039 (Callable 01/01/2034) | | | 350,000 | | | | 379,113 | |
| 5.00%, 01/01/2039 (Callable 01/01/2034) | | | 240,000 | | | | 259,963 | |
| 5.00%, 01/01/2040 (Callable 01/01/2034) | | | 325,000 | | | | 349,770 | |
| 5.00%, 01/01/2040 (Callable 01/01/2034) | | | 210,000 | | | | 226,005 | |
| 5.00%, 01/01/2041 (Callable 01/01/2034) | | | 425,000 | | | | 455,178 | |
| 5.00%, 01/01/2041 (Callable 01/01/2034) | | | 220,000 | | | | 235,622 | |
| 5.00%, 01/01/2042 (Callable 01/01/2034) | | | 500,000 | | | | 533,175 | |
| 5.00%, 01/01/2042 (Callable 01/01/2034) | | | 230,000 | | | | 245,260 | |
| 5.00%, 01/01/2043 (Callable 01/01/2034) | | | 525,000 | | | | 557,151 | |
| 5.00%, 01/01/2043 (Callable 01/01/2034) | | | 250,000 | | | | 265,927 | |
| 5.00%, 01/01/2044 (Callable 01/01/2034) | | | 1,305,000 | | | | 1,380,790 | |
| St Clair County High School District No 201 Belleville, 4.00%, 02/01/2031 (Callable 02/01/2028) | | | 1,475,000 | | | | 1,501,198 | |
| State of Illinois | |
| 5.00%, 05/01/2024 | | | 285,000 | | | | 285,287 | |
| 5.00%, 03/01/2025 | | | 7,435,000 | | | | 7,534,190 | |
| 5.00%, 10/01/2025 | | | 5,000,000 | | | | 5,111,476 | |
| 5.00%, 01/01/2029 (Callable 01/01/2026) | | | 5,000 | | | | 5,152 | |
| 5.00%, 11/01/2038 (Callable 11/01/2026) | | | 750,000 | | | | 765,439 | |
| State of Illinois Sales Tax Revenue, 4.00%, 06/15/2038 (Callable 06/15/2028) | | | 2,500,000 | | | | 2,477,549 | |
| Stephenson County School District No 145 Freeport | |
| 5.00%, 10/01/2041 (Callable 10/01/2033) | | | 1,650,000 | | | | 1,773,028 | |
| 5.00%, 10/01/2042 (Callable 10/01/2033) | | | 2,720,000 | | | | 2,920,768 | |
| 5.00%, 10/01/2043 (Callable 10/01/2033) | | | 1,200,000 | | | | 1,282,705 | |
| Tazewell County School District No 51 Washington Central, 9.00%, 12/01/2026 | | | 1,060,000 | | | | 1,218,222 | |
| Town of Cicero IL | |
| 4.00%, 01/01/2028 | | | 1,265,000 | | | | 1,280,445 | |
| 4.00%, 01/01/2029 | | | 815,000 | | | | 824,862 | |
| University of Illinois, 5.00%, 04/01/2044 (Callable 05/02/2024) | | | 685,000 | | | | 677,768 | |
| Upper Illinois River Valley Development Authority | |
| 5.00%, 12/01/2024 | | | 585,000 | | | | 586,980 | |
4.00%, 01/01/2031 (Callable 01/01/2027) (b) | | | 240,000 | | | | 231,850 | |
5.00%, 01/01/2045 (Callable 01/01/2027) (b) | | | 615,000 | | | | 587,428 | |
| Village of Bartlett IL, 3.00%, 12/01/2033 (Callable 12/01/2028) | | | 450,000 | | | | 444,241 | |
| Village of Bradley IL | |
| 5.00%, 12/15/2036 (Callable 12/15/2033) | | | 400,000 | | | | 451,825 | |
| 5.00%, 12/15/2037 (Callable 12/15/2033) | | | 470,000 | | | | 526,905 | |
| 5.00%, 12/15/2038 (Callable 12/15/2033) | | | 325,000 | | | | 362,147 | |
| Village of Franklin Park IL, 4.00%, 07/01/2029 (Callable 07/01/2025) | | | 450,000 | | | | 452,115 | |
| Village of Hillside IL, 5.00%, 01/01/2030 (Callable 01/01/2027) | | | 2,690,000 | | | | 2,707,236 | |
| Village of Matteson IL, 4.00%, 12/01/2030 | | | 300,000 | | | | 314,267 | |
| Village of McCook IL, 5.00%, 12/01/2027 (Callable 12/01/2026) | | | 1,865,000 | | | | 1,929,836 | |
| Village of Minooka IL, 2.54%, 12/01/2034 (Callable 12/01/2029) | | | 220,000 | | | | 191,257 | |
| Village of Pingree Grove IL, 4.00%, 12/15/2037 (Callable 12/15/2027) | | | 580,000 | | | | 580,307 | |
| Village of River Grove IL | |
| 4.00%, 12/15/2027 (Callable 12/15/2026) | | | 135,000 | | | | 136,618 | |
| 4.00%, 12/15/2028 (Callable 12/15/2026) | | | 205,000 | | | | 207,708 | |
| 4.00%, 12/15/2035 (Callable 12/15/2030) | | | 250,000 | | | | 256,612 | |
| 4.00%, 12/15/2038 (Callable 12/15/2030) | | | 795,000 | | | | 800,572 | |
| Village of Romeoville IL | |
| 5.00%, 10/01/2035 (Callable 04/01/2025) | | | 1,445,000 | | | | 1,450,913 | |
| 5.00%, 10/01/2042 (Callable 04/01/2025) | | | 100,000 | | | | 98,294 | |
| Village of Stone Park IL | |
| 4.75%, 02/01/2029 (Callable 05/02/2024) | | | 230,000 | | | | 230,271 | |
| 4.75%, 02/01/2031 (Callable 05/02/2024) | | | 310,000 | | | | 310,389 | |
| 4.75%, 02/01/2032 (Callable 05/02/2024) | | | 275,000 | | | | 275,327 | |
| 4.75%, 02/01/2033 (Callable 05/02/2024) | | | 190,000 | | | | 190,225 | |
| 5.00%, 02/01/2035 (Callable 02/01/2029) | | | 300,000 | | | | 326,703 | |
| 5.00%, 02/01/2036 (Callable 02/01/2029) | | | 225,000 | | | | 243,916 | |
| 4.00%, 02/01/2038 (Callable 02/01/2029) | | | 150,000 | | | | 149,039 | |
| Village of Woodridge IL, 4.00%, 02/01/2036 (Callable 02/01/2030) | | | 1,210,000 | | | | 1,241,476 | |
| Whiteside & Lee Counties Community Unit School District No 5 Sterling | |
| 4.00%, 12/01/2028 | | | 535,000 | | | | 556,219 | |
| 4.00%, 12/01/2031 (Callable 12/01/2029) | | | 630,000 | | | | 657,850 | |
| 4.00%, 12/01/2032 (Callable 12/01/2029) | | | 500,000 | | | | 521,430 | |
| 4.00%, 12/01/2033 (Callable 12/01/2029) | | | 685,000 | | | | 713,489 | |
| Will County Community High School District No 210 Lincoln-Way | |
0.00%, 01/01/2027 (e) | | | 1,120,000 | | | | 1,009,327 | |
0.00%, 01/01/2028 (e) | | | 1,140,000 | | | | 990,488 | |
0.00%, 01/01/2032 (e) | | | 110,000 | | | | 80,892 | |
0.00%, 01/01/2033 (e) | | | 885,000 | | | | 632,778 | |
| 4.00%, 01/01/2034 (Callable 01/01/2029) | | | 410,000 | | | | 415,282 | |
| Will County Community High School District No. 210 | |
0.00%, 01/01/2026 (e) | | | 265,000 | | | | 247,584 | |
0.00%, 01/01/2027 (e) | | | 115,000 | | | | 103,636 | |
0.00%, 01/01/2028 (e) | | | 180,000 | | | | 156,393 | |
0.00%, 01/01/2028 (e) | | | 60,000 | | | | 51,768 | |
0.00%, 01/01/2029 (e) | | | 145,000 | | | | 120,492 | |
| Will County Community Unit School District No 201-U Crete-Monee | |
| 4.00%, 01/01/2033 (Callable 01/01/2028) | | | 745,000 | | | | 767,480 | |
| 4.00%, 01/01/2034 (Callable 01/01/2028) | | | 785,000 | | | | 806,281 | |
| 4.00%, 01/01/2035 (Callable 01/01/2028) | | | 480,000 | | | | 490,489 | |
Will County Community Unit School District No 365-U Valley View, 0.00%, 11/01/2025 (e) | | | 200,000 | | | | 187,209 | |
| Winnebago & Boone Counties Community High School District No 207 Hononegah, 4.00%, 02/01/2036 (Callable 02/01/2027) | | | 1,000,000 | | | | 1,007,202 | |
| | | | | | | | 353,678,976 | |
| Indiana - 2.5% | |
| Avon Community School Building Corp., 5.50%, 01/15/2043 (Callable 07/15/2033) | | | 1,100,000 | | | | 1,257,495 | |
| Ball State University, 5.00%, 07/01/2035 (Callable 07/01/2028) | | | 500,000 | | | | 537,356 | |
| Bloomington Redevelopment District | |
| 5.00%, 02/01/2025 | | | 325,000 | | | | 328,065 | |
| 5.25%, 08/01/2036 (Callable 08/01/2029) | | | 3,450,000 | | | | 3,780,973 | |
| Blue River Valley School Building Corp., 5.25%, 01/15/2043 (Callable 07/15/2031) | | | 650,000 | | | | 703,882 | |
| Bluffton-Harrison Middle School Building Corp. | |
| 5.50%, 07/15/2040 (Callable 07/15/2031) | | | 290,000 | | | | 318,677 | |
| 5.50%, 01/15/2043 (Callable 07/15/2031) | | | 450,000 | | | | 489,716 | |
| City of Rockport IN | |
| 3.05%, 06/01/2025 | | | 1,475,000 | | | | 1,456,874 | |
| 3.13%, 07/01/2025 | | | 2,750,000 | | | | 2,701,976 | |
| Elkhart Redevelopment District, 5.00%, 08/01/2030 (Callable 08/01/2025) | | | 1,045,000 | | | | 1,056,479 | |
| Evansville Waterworks District | |
| 5.00%, 07/01/2042 (Callable 01/01/2032) | | | 900,000 | | | | 977,171 | |
| 5.00%, 07/01/2047 (Callable 01/01/2032) | | | 2,150,000 | | | | 2,272,635 | |
| Fishers Town Hall Building Corp. | |
| 5.50%, 07/15/2038 (Callable 07/15/2032) | | | 1,000,000 | | | | 1,149,221 | |
| 5.50%, 01/15/2042 (Callable 07/15/2032) | | | 970,000 | | | | 1,098,100 | |
| 5.63%, 07/15/2053 (Callable 01/15/2034) | | | 2,500,000 | | | | 2,831,298 | |
| Greater Clark Building Corp. | |
| 6.00%, 07/15/2034 (Callable 07/15/2032) | | | 1,120,000 | | | | 1,363,450 | |
| 6.00%, 07/15/2036 (Callable 07/15/2033) | | | 500,000 | | | | 617,238 | |
| 6.00%, 07/15/2038 (Callable 07/15/2033) | | | 250,000 | | | | 304,799 | |
| 6.00%, 07/15/2039 (Callable 07/15/2033) | | | 525,000 | | | | 634,644 | |
| 6.00%, 07/15/2040 (Callable 07/15/2033) | | | 650,000 | | | | 782,694 | |
| 6.00%, 07/15/2040 (Callable 07/15/2033) | | | 500,000 | | | | 602,072 | |
| 6.00%, 07/15/2041 (Callable 07/15/2033) | | | 1,000,000 | | | | 1,199,514 | |
| 6.00%, 07/15/2041 (Callable 07/15/2033) | | | 650,000 | | | | 779,684 | |
| 6.00%, 01/15/2042 (Callable 07/15/2032) | | | 1,000,000 | | | | 1,174,948 | |
| 6.00%, 01/15/2043 (Callable 07/15/2033) | | | 1,120,000 | | | | 1,331,863 | |
| Hammond Local Public Improvement Bond Bank | |
| 4.50%, 07/15/2037 (Callable 07/15/2030) | | | 455,000 | | | | 451,976 | |
| 5.00%, 01/15/2043 (Callable 07/15/2030) | | | 2,315,000 | | | | 2,322,739 | |
| Hammond Multi-School Building Corp. | |
| 4.50%, 07/15/2026 (Callable 05/02/2024) | | | 625,000 | | | | 625,590 | |
| 5.00%, 07/15/2034 (Callable 01/15/2028) | | | 2,000,000 | | | | 2,112,826 | |
| 5.00%, 07/15/2038 (Callable 01/15/2028) | | | 3,105,000 | | | | 3,229,929 | |
| Hammond Sanitary District, 5.00%, 07/15/2026 | | | 610,000 | | | | 634,263 | |
| Indiana Finance Authority | |
| 5.00%, 07/01/2027 | | | 1,445,000 | | | | 1,491,756 | |
| 5.00%, 09/01/2027 | | | 1,595,000 | | | | 1,622,086 | |
| 5.00%, 10/01/2027 | | | 245,000 | | | | 251,417 | |
| 5.00%, 07/01/2028 | | | 1,515,000 | | | | 1,582,702 | |
| 5.00%, 09/01/2028 | | | 1,675,000 | | | | 1,715,884 | |
| 5.00%, 10/01/2028 (Callable 10/01/2027) | | | 1,000,000 | | | | 1,028,776 | |
| 5.00%, 10/01/2029 | | | 220,000 | | | | 230,040 | |
| 5.25%, 02/01/2030 (Callable 08/01/2025) | | | 525,000 | | | | 536,290 | |
| 2.50%, 11/01/2030 | | | 2,825,000 | | | | 2,543,531 | |
| 5.00%, 10/01/2031 | | | 250,000 | | | | 264,480 | |
| 5.00%, 10/01/2033 (Callable 10/01/2031) | | | 230,000 | | | | 242,211 | |
| 5.00%, 03/01/2036 (Callable 03/01/2025) | | | 1,250,000 | | | | 1,263,778 | |
| 4.75%, 06/01/2036 (Callable 12/01/2033) | | | 3,005,000 | | | | 3,163,883 | |
| 4.00%, 10/01/2052 (Callable 04/01/2032) | | | 2,500,000 | | | | 2,384,141 | |
| Indiana Housing & Community Development Authority | |
2.00%, 04/01/2025 (Callable 04/01/2024) (a) | | | 3,250,000 | | | | 3,250,000 | |
| 5.00%, 07/01/2053 (Callable 01/01/2032) | | | 4,165,000 | | | | 4,273,225 | |
| Indiana Municipal Power Agency, 5.00%, 01/01/2032 (Callable 01/01/2025) | | | 1,000,000 | | | | 1,008,888 | |
| Indianapolis Board of School Commissioners, 5.00%, 01/15/2025 | | | 515,000 | | | | 520,297 | |
| Indianapolis Local Public Improvement Bond Bank | |
5.00%, 01/01/2029 (Callable 01/01/2025) (c) | | | 2,450,000 | | | | 2,468,276 | |
| 5.00%, 03/01/2033 | | | 1,000,000 | | | | 1,083,871 | |
| 5.50%, 03/01/2038 (Callable 03/01/2033) | | | 1,000,000 | | | | 1,095,459 | |
| 6.00%, 02/01/2042 (Callable 02/01/2033) | | | 2,000,000 | | | | 2,389,635 | |
| 6.00%, 02/01/2043 (Callable 02/01/2033) | | | 1,500,000 | | | | 1,784,413 | |
| 5.25%, 03/01/2043 (Callable 03/01/2033) | | | 1,750,000 | | | | 1,942,230 | |
| IPS Multi-School Building Corp. | |
| 5.00%, 07/15/2026 (Callable 01/15/2025) | | | 925,000 | | | | 935,154 | |
| 5.25%, 07/15/2041 (Callable 07/15/2031) | | | 2,000,000 | | | | 2,234,096 | |
| 5.25%, 07/15/2041 (Callable 01/15/2032) | | | 1,850,000 | | | | 2,073,193 | |
| 5.25%, 07/15/2042 (Callable 07/15/2031) | | | 1,640,000 | | | | 1,822,129 | |
| 4.25%, 07/15/2043 (Callable 07/15/2031) | | | 500,000 | | | | 504,230 | |
| 5.25%, 07/15/2043 (Callable 01/15/2032) | | | 1,500,000 | | | | 1,667,092 | |
| Jennings County School Building Corp., 2.75%, 07/15/2026 (Callable 05/02/2024) | | | 1,185,000 | | | | 1,162,873 | |
| Merrillville Multi School Building Corp., 5.00%, 07/15/2025 | | | 500,000 | | | | 509,532 | |
| Mount Vernon of Hancock County Multi-School Building Corp. | |
| 5.50%, 07/15/2032 (Callable 07/15/2031) | | | 700,000 | | | | 815,073 | |
| 5.50%, 07/15/2034 (Callable 07/15/2031) | | | 200,000 | | | | 232,994 | |
| 5.50%, 07/15/2035 (Callable 07/15/2031) | | | 400,000 | | | | 465,045 | |
| 5.50%, 07/15/2036 (Callable 07/15/2031) | | | 750,000 | | | | 866,703 | |
| 5.50%, 07/15/2038 (Callable 07/15/2031) | | | 1,150,000 | | | | 1,307,322 | |
| 5.50%, 07/15/2039 (Callable 07/15/2031) | | | 1,655,000 | | | | 1,872,982 | |
| 5.50%, 07/15/2040 (Callable 07/15/2031) | | | 750,000 | | | | 843,131 | |
| 5.50%, 01/15/2042 (Callable 07/15/2031) | | | 1,000,000 | | | | 1,120,849 | |
| Noblesville High School Building Corp. | |
| 6.00%, 07/15/2040 (Callable 07/15/2033) | | | 625,000 | | | | 749,835 | |
| 6.00%, 01/15/2043 (Callable 07/15/2033) | | | 800,000 | | | | 949,245 | |
| Northwestern School Building Corp. | |
| 6.00%, 07/15/2038 (Callable 07/15/2031) | | | 1,000,000 | | | | 1,160,457 | |
| 6.00%, 07/15/2041 (Callable 07/15/2031) | | | 900,000 | | | | 1,026,291 | |
| Plainfield Redevelopment Authority | |
| 3.00%, 08/01/2024 | | | 360,000 | | | | 357,553 | |
| 5.00%, 02/01/2027 | | | 500,000 | | | | 517,051 | |
| Richland-Bean Blossom 2000 School Building Corp., 5.00%, 07/15/2040 (Callable 07/15/2031) | | | 250,000 | | | | 270,744 | |
| Richmond Hospital Authority, 5.00%, 01/01/2026 (Callable 01/01/2025) | | | 595,000 | | | | 599,576 | |
| Shelby Eastern Multi-School Building Corp., 5.25%, 01/15/2043 (Callable 07/15/2031) | | | 1,000,000 | | | | 1,100,418 | |
| South Montgomery Community School Corp. | |
| 5.00%, 07/15/2024 | | | 585,000 | | | | 585,721 | |
| 5.00%, 01/15/2025 | | | 300,000 | | | | 301,578 | |
| 5.00%, 07/15/2025 | | | 335,000 | | | | 338,646 | |
| 5.00%, 01/15/2026 | | | 250,000 | | | | 254,088 | |
Taylor Community School Building Corp., 0.00%, 07/15/2029 (Callable 07/15/2025) (e) | | | 360,000 | | | | 295,511 | |
| Tippecanoe County School Building Corp. | |
| 6.00%, 07/15/2039 (Callable 07/15/2033) | | | 1,000,000 | | | | 1,210,624 | |
| 6.00%, 01/15/2043 (Callable 07/15/2033) | | | 1,000,000 | | | | 1,190,905 | |
| Tri-Creek 2002 High School Building Corp., 4.00%, 07/15/2039 (Callable 07/15/2028) | | | 345,000 | | | | 349,695 | |
| Westfield High School Building Corp. | |
| 5.00%, 01/15/2029 (Callable 01/15/2026) | | | 250,000 | | | | 257,115 | |
| 5.00%, 01/15/2030 (Callable 01/15/2026) | | | 300,000 | | | | 308,485 | |
| Westfield-Washington Multi-School Building Corp. | |
| 5.50%, 07/15/2040 (Callable 07/15/2031) | | | 745,000 | | | | 822,412 | |
| 5.50%, 01/15/2043 (Callable 07/15/2031) | | | 565,000 | | | | 620,709 | |
| Wheeler-Union Township School Building Corp., 5.00%, 01/15/2042 (Callable 07/15/2030) | | | 1,225,000 | | | | 1,317,028 | |
| | | | | | | | 110,281,501 | |
| Iowa - 1.0% | |
| Ballard Community School District, 4.00%, 06/01/2042 (Callable 06/01/2032) | | | 1,150,000 | | | | 1,111,824 | |
| City of Ames IA, 4.00%, 06/15/2035 (Callable 06/15/2026) | | | 1,510,000 | | | | 1,525,875 | |
| City of Coralville IA | |
| 4.00%, 05/01/2024 | | | 560,000 | | | | 559,185 | |
| 3.00%, 06/01/2024 | | | 290,000 | | | | 288,710 | |
| 4.00%, 05/01/2030 (Callable 05/01/2029) | | | 1,000,000 | | | | 999,868 | |
| 4.50%, 06/01/2032 (Callable 06/01/2024) | | | 3,915,000 | | | | 3,862,282 | |
| 3.00%, 05/01/2033 (Callable 05/01/2029) | | | 1,000,000 | | | | 905,626 | |
| 5.00%, 05/01/2035 (Callable 05/01/2031) | | | 650,000 | | | | 710,184 | |
| 5.00%, 05/01/2036 (Callable 05/01/2031) | | | 685,000 | | | | 743,628 | |
| 5.00%, 05/01/2037 (Callable 05/01/2031) | | | 725,000 | | | | 779,657 | |
City of Council Bluffs IA, 3.75%, 01/01/2025 (Callable 04/01/2024) (a) | | | 4,000,000 | | | | 4,000,000 | |
| College Community School District Infrastructure Sales Services & Use Tax, 4.00%, 06/01/2033 (Callable 06/01/2030) | | | 1,820,000 | | | | 1,895,432 | |
| Iowa Finance Authority | |
| 4.00%, 05/15/2024 | | | 250,000 | | | | 249,446 | |
7.50%, 01/01/2032 (Callable 01/01/2030) (b) | | | 2,500,000 | | | | 2,421,406 | |
| 3.50%, 01/01/2047 (Callable 07/01/2026) | | | 690,000 | | | | 680,459 | |
| 4.00%, 07/01/2047 (Callable 07/01/2028) | | | 1,150,000 | | | | 1,140,810 | |
| Iowa Higher Education Loan Authority | |
| 3.00%, 04/01/2029 | | | 870,000 | | | | 839,471 | |
| 5.00%, 10/01/2029 | | | 1,160,000 | | | | 1,246,016 | |
| 3.00%, 04/01/2030 | | | 650,000 | | | | 626,627 | |
| 3.00%, 04/01/2031 | | | 525,000 | | | | 503,666 | |
| 5.00%, 10/01/2034 (Callable 10/01/2030) | | | 300,000 | | | | 322,097 | |
| 5.00%, 10/01/2035 (Callable 10/01/2030) | | | 360,000 | | | | 384,337 | |
| 5.00%, 10/01/2036 (Callable 10/01/2030) | | | 365,000 | | | | 387,284 | |
| 5.00%, 12/01/2041 (Callable 12/01/2026) | | | 2,000,000 | | | | 2,064,469 | |
| 4.75%, 10/01/2042 (Callable 10/01/2030) | | | 750,000 | | | | 762,825 | |
PEFA, Inc., 5.00%, 09/01/2049 (Callable 06/01/2026) (a) | | | 11,085,000 | | | | 11,348,854 | |
| Southern Iowa Rural Water Association, 3.00%, 12/01/2032 (Callable 12/01/2028) | | | 1,030,000 | | | | 989,461 | |
| | | | | | | | 41,349,499 | |
| Kansas - 0.5% | |
| City of Goddard KS, 3.50%, 06/01/2034 (Callable 04/22/2024) | | | 1,420,000 | | | | 1,288,276 | |
| City of Haysville KS, 4.25%, 10/01/2025 (Callable 10/01/2024) | | | 615,000 | | | | 615,437 | |
| City of Manhattan KS, 4.00%, 06/01/2027 (Callable 06/01/2025) | | | 800,000 | | | | 799,250 | |
| City of Osawatomie KS, 3.75%, 03/01/2027 (Callable 03/01/2025) | | | 3,750,000 | | | | 3,744,095 | |
| City of Wamego KS, 4.00%, 03/01/2027 (Callable 05/02/2024) | | | 1,540,000 | | | | 1,540,204 | |
| City of Wichita KS, 4.00%, 09/01/2038 (Callable 09/01/2027) | | | 945,000 | | | | 945,854 | |
| Johnson County Unified School District No 512 Shawnee Mission, 4.00%, 10/01/2043 (Callable 10/01/2033) | | | 3,685,000 | | | | 3,657,427 | |
| Kansas Power Pool | |
| 4.00%, 12/01/2038 (Callable 12/01/2029) | | | 700,000 | | | | 700,568 | |
| 4.00%, 12/01/2040 (Callable 12/01/2029) | | | 1,095,000 | | | | 1,074,787 | |
| Leavenworth County Unified School District No 469, 4.00%, 09/01/2026 | | | 800,000 | | | | 806,278 | |
| Wabaunsee County Unified School District No 330 Mission Valley | |
| 5.50%, 09/01/2042 (Callable 09/01/2031) | | | 750,000 | | | | 839,445 | |
| 5.50%, 09/01/2047 (Callable 09/01/2031) | | | 750,000 | | | | 822,628 | |
| Wyandotte County-Kansas City Unified Government Utility System Revenue, 5.00%, 09/01/2044 (Callable 09/01/2024) | | | 1,740,000 | | | | 1,741,448 | |
| | | | | | | | 18,575,697 | |
| Kentucky - 0.7% | |
| City of Versailles KY, 3.00%, 08/15/2026 (Callable 08/15/2024) | | | 3,000,000 | | | | 2,923,070 | |
| County of Leslie KY, 4.00%, 02/01/2052 (Callable 02/01/2030) | | | 1,485,000 | | | | 1,402,410 | |
| Jefferson County School District Finance Corp., 5.00%, 06/01/2025 | | | 520,000 | | | | 529,828 | |
| Kentucky Economic Development Finance Authority | |
0.00%, 10/01/2025 (e) | | | 685,000 | | | | 642,131 | |
0.00%, 10/01/2026 (e) | | | 765,000 | | | | 689,737 | |
0.00%, 10/01/2027 (e) | | | 785,000 | | | | 681,429 | |
0.00%, 10/01/2028 (e) | | | 1,015,000 | | | | 847,970 | |
| 5.00%, 07/01/2033 (Callable 07/01/2025) | | | 1,295,000 | | | | 1,307,907 | |
Kentucky Housing Corp., 5.00%, 09/01/2043 (Callable 03/01/2026) (a) | | | 3,000,000 | | | | 3,069,987 | |
| Kentucky Public Energy Authority | |
| 4.00%, 08/01/2027 | | | 550,000 | | | | 552,720 | |
4.00%, 01/01/2049 (Callable 10/01/2024) (a) | | | 1,945,000 | | | | 1,944,125 | |
4.00%, 12/01/2050 (Callable 03/01/2026) (a) | | | 5,575,000 | | | | 5,564,069 | |
| Kentucky State University | |
| 4.00%, 11/01/2033 (Callable 11/01/2031) | | | 260,000 | | | | 274,855 | |
| 4.00%, 11/01/2035 (Callable 11/01/2031) | | | 270,000 | | | | 284,356 | |
| 4.00%, 11/01/2038 (Callable 11/01/2031) | | | 325,000 | | | | 332,091 | |
| 4.00%, 11/01/2041 (Callable 11/01/2031) | | | 250,000 | | | | 250,758 | |
| Lexington-Fayette Urban County Airport Board | |
| 5.00%, 07/01/2043 (Callable 07/01/2033) | | | 570,000 | | | | 617,971 | |
| 5.25%, 07/01/2048 (Callable 07/01/2033) | | | 525,000 | | | | 570,079 | |
| 5.25%, 07/01/2053 (Callable 07/01/2033) | | | 1,000,000 | | | | 1,076,038 | |
| Logan County School District Finance Corp., 5.00%, 09/01/2036 (Callable 09/01/2033) | | | 1,000,000 | | | | 1,121,190 | |
Louisville/Jefferson County Metropolitan Government, 5.00%, 10/01/2047 (Callable 07/01/2026) (a) | | | 1,500,000 | | | | 1,544,281 | |
| Paducah Electric Plant Board, 5.00%, 10/01/2032 (Callable 10/01/2026) | | | 1,000,000 | | | | 1,033,612 | |
| Paducah Independent School District Finance Corp., 3.50%, 09/01/2033 (Callable 09/01/2026) | | | 300,000 | | | | 301,039 | |
| Rural Water Financing Agency, 3.10%, 11/01/2024 (Callable 04/17/2024) | | | 1,700,000 | | | | 1,680,153 | |
| | | | | | | | 29,241,806 | |
| Louisiana - 1.7% | |
| City of Pineville LA Utilities Revenue | |
| 4.00%, 05/01/2034 (Callable 05/01/2032) | | | 400,000 | | | | 422,372 | |
| 4.00%, 05/01/2037 (Callable 05/01/2032) | | | 325,000 | | | | 336,160 | |
| 4.00%, 05/01/2047 (Callable 05/01/2032) | | | 1,000,000 | | | | 973,034 | |
| City of Shreveport LA Water & Sewer Revenue, 4.00%, 12/01/2034 (Callable 12/01/2028) | | | 1,225,000 | | | | 1,247,193 | |
| Ernest N Morial New Orleans Exhibition Hall Authority, 5.00%, 07/15/2037 (Callable 07/15/2033) | | | 2,875,000 | | | | 3,258,940 | |
| Louisiana Housing Corp. | |
3.50%, 07/01/2025 (Callable 07/01/2024) (a) | | | 3,274,000 | | | | 3,264,226 | |
5.00%, 07/01/2046 (Callable 02/01/2026) (a) | | | 3,024,000 | | | | 3,079,365 | |
| 4.50%, 12/01/2047 (Callable 12/01/2027) | | | 100,000 | | | | 99,973 | |
| Louisiana Local Government Environmental Facilities & Community Development Auth | |
| 5.00%, 10/01/2024 | | | 100,000 | | | | 100,611 | |
| 4.25%, 04/01/2043 (Callable 04/01/2033) | | | 100,000 | | | | 101,370 | |
| 5.00%, 10/01/2043 (Callable 10/01/2033) | | | 550,000 | | | | 585,227 | |
4.00%, 12/01/2046 (Callable 05/02/2024) (a)(c) | | | 4,000,000 | | | | 3,996,511 | |
4.00%, 12/01/2046 (Callable 05/02/2024) (a)(c) | | | 3,000,000 | | | | 2,997,383 | |
| 5.00%, 04/01/2048 (Callable 04/01/2033) | | | 800,000 | | | | 845,520 | |
| 5.13%, 10/01/2048 (Callable 10/01/2033) | | | 700,000 | | | | 741,117 | |
| 4.50%, 04/01/2053 (Callable 04/01/2033) | | | 350,000 | | | | 350,605 | |
| 5.00%, 04/01/2053 (Callable 04/01/2033) | | | 800,000 | | | | 838,603 | |
| Louisiana Public Facilities Authority | |
5.00%, 10/01/2024 (d) | | | 180,000 | | | | 179,384 | |
5.25%, 10/01/2031 (d) | | | 2,105,000 | | | | 2,360,080 | |
5.25%, 10/01/2033 (d) | | | 2,000,000 | | | | 2,284,537 | |
6.75%, 10/01/2053 (Callable 07/03/2028) (a)(b)(c) | | | 2,500,000 | | | | 2,660,577 | |
| Louisiana State University & Agricultural & Mechanical College, 5.00%, 07/01/2028 (Callable 07/01/2026) | | | 4,200,000 | | | | 4,345,312 | |
| Morehouse Parish Hospital Service District No 1, 4.00%, 10/01/2028 (Callable 10/01/2027) | | | 660,000 | | | | 638,988 | |
| Parish of St John the Baptist LA | |
| 5.00%, 03/01/2031 (Callable 03/01/2029) | | | 385,000 | | | | 419,189 | |
| 5.00%, 03/01/2032 (Callable 03/01/2029) | | | 500,000 | | | | 543,530 | |
Parish of Terrebonne LA Sales & Use Tax Revenue, 0.00%, 04/01/2034 (e) | | | 715,000 | | | | 501,314 | |
Plaquemines Port Harbor & Terminal District, 4.00%, 03/15/2025 (d) | | | 5,000,000 | | | | 4,989,236 | |
| St Tammany Parish Hospital Service District No 1 | |
| 5.00%, 07/01/2036 (Callable 07/01/2028) | | | 1,745,000 | | | | 1,846,563 | |
| 5.00%, 07/01/2038 (Callable 07/01/2028) | | | 855,000 | | | | 892,947 | |
| Tangipahoa Parish School Board Sales & Use Tax Revenue, 4.00%, 03/01/2041 (Callable 03/01/2031) | | | 500,000 | | | | 502,362 | |
| | | | | | | | 45,402,229 | |
| Maine - 0.3% | |
| City of Lewiston ME | |
| 1.38%, 02/15/2033 (Callable 02/15/2028) | | | 1,000,000 | | | | 790,546 | |
| 1.63%, 02/15/2036 (Callable 02/15/2028) | | | 1,435,000 | | | | 1,076,048 | |
| Maine Health & Higher Educational Facilities Authority | |
| 4.00%, 07/01/2037 (Callable 07/01/2029) | | | 255,000 | | | | 257,272 | |
| 5.00%, 07/01/2038 (Callable 07/01/2030) | | | 1,530,000 | | | | 1,624,554 | |
| 5.00%, 07/01/2046 (Callable 07/01/2026) | | | 250,000 | | | | 227,415 | |
| Maine State Housing Authority | |
| 3.63%, 11/15/2039 (Callable 11/15/2024) | | | 2,255,000 | | | | 2,164,047 | |
| 3.50%, 11/15/2045 (Callable 05/15/2025) | | | 5,000 | | | | 4,978 | |
| 4.00%, 11/15/2045 (Callable 11/15/2025) | | | 15,000 | | | | 14,960 | |
| 3.50%, 11/15/2047 (Callable 11/15/2026) | | | 230,000 | | | | 227,049 | |
| 4.00%, 11/15/2049 (Callable 05/15/2028) | | | 205,000 | | | | 203,302 | |
| 4.00%, 11/15/2050 (Callable 05/15/2029) | | | 595,000 | | | | 590,095 | |
| 5.00%, 11/15/2052 (Callable 11/15/2031) | | | 3,695,000 | | | | 3,789,163 | |
| 5.00%, 11/15/2052 (Callable 11/15/2031) | | | 1,440,000 | | | | 1,476,240 | |
| | | | | | | | 12,445,669 | |
| Maryland - 1.8% | |
| County of Baltimore MD, 4.00%, 09/01/2036 (Callable 09/01/2031) | | | 135,000 | | | | 140,404 | |
| Howard County Housing Commission | |
| 4.13%, 12/01/2043 (Callable 12/01/2033) | | | 1,500,000 | | | | 1,452,608 | |
| 5.00%, 12/01/2043 (Callable 12/01/2033) | | | 2,500,000 | | | | 2,652,148 | |
| Maryland Community Development Administration | |
| 3.25%, 08/01/2024 | | | 5,970,000 | | | | 5,915,506 | |
| 4.05%, 10/01/2024 | | | 4,000,000 | | | | 3,986,438 | |
| 4.60%, 12/01/2024 | | | 10,000,000 | | | | 9,933,475 | |
| 3.85%, 03/01/2025 | | | 5,000,000 | | | | 4,954,798 | |
| 4.70%, 03/01/2046 (Callable 03/01/2031) | | | 2,250,000 | | | | 2,268,517 | |
| 3.50%, 03/01/2050 (Callable 03/01/2029) | | | 700,000 | | | | 686,514 | |
| 5.00%, 09/01/2052 (Callable 03/01/2031) | | | 7,265,000 | | | | 7,456,836 | |
| Maryland Health & Higher Educational Facilities Authority | |
| 5.00%, 01/01/2028 | | | 300,000 | | | | 310,567 | |
| 5.00%, 07/01/2028 | | | 370,000 | | | | 392,640 | |
| 4.00%, 01/01/2029 | | | 980,000 | | | | 983,381 | |
| 5.00%, 01/01/2029 | | | 290,000 | | | | 303,449 | |
| 5.00%, 01/01/2030 | | | 185,000 | | | | 195,588 | |
5.00%, 07/01/2045 (Callable 01/01/2027) (a) | | | 780,000 | | | | 811,943 | |
| Montgomery County Housing Opportunities Commission, 5.00%, 01/01/2043 (Callable 01/01/2034) | | | 1,000,000 | | | | 1,088,743 | |
Washington Suburban Sanitary Commission, 4.00%, 06/01/2024 (Callable 04/01/2024) (a) | | | 3,000,000 | | | | 3,000,000 | |
| | | | | | | | 46,533,555 | |
| Massachusetts - 0.5% | |
| Commonwealth of Massachusetts, 4.00%, 04/01/2042 (Callable 04/01/2025) | | | 30,000 | | | | 29,605 | |
Massachusetts Bay Transportation Authority Sales Tax Revenue, 0.00%, 07/01/2030 (Callable 07/01/2026) (e) | | | 5,800,000 | | | | 4,623,581 | |
| Massachusetts Development Finance Agency | |
| 5.00%, 10/01/2025 | | | 575,000 | | | | 585,174 | |
| 5.00%, 01/01/2031 (Callable 01/01/2027) | | | 475,000 | | | | 490,949 | |
Massachusetts Educational Financing Authority, 5.00%, 01/01/2026 (Callable 01/01/2025) (c) | | | 2,000,000 | | | | 2,010,543 | |
| Massachusetts Housing Finance Agency | |
| 3.30%, 12/01/2026 (Callable 06/01/2025) | | | 1,000,000 | | | | 990,832 | |
| 3.35%, 06/01/2027 (Callable 12/01/2025) | | | 2,600,000 | | | | 2,581,975 | |
| 4.00%, 12/01/2028 (Callable 04/22/2024) | | | 1,000,000 | | | | 1,000,096 | |
| 3.50%, 06/01/2042 (Callable 06/01/2025) | | | 580,000 | | | | 575,069 | |
| 4.50%, 12/01/2048 (Callable 12/01/2027) | | | 895,000 | | | | 894,423 | |
| 4.00%, 06/01/2049 (Callable 12/01/2028) | | | 490,000 | | | | 485,971 | |
| 5.00%, 06/01/2050 (Callable 06/01/2032) | | | 1,740,000 | | | | 1,784,937 | |
| | | | | | | | 16,053,155 | |
| Michigan - 3.2% | |
| Allegan Public School District | |
| 5.00%, 05/01/2035 (Callable 05/01/2033) | | | 900,000 | | | | 1,047,157 | |
| 5.00%, 05/01/2036 (Callable 05/01/2033) | | | 935,000 | | | | 1,079,236 | |
| 5.00%, 05/01/2037 (Callable 05/01/2033) | | | 725,000 | | | | 828,440 | |
| 5.00%, 05/01/2038 (Callable 05/01/2033) | | | 1,025,000 | | | | 1,150,998 | |
| 5.00%, 05/01/2039 (Callable 05/01/2033) | | | 1,075,000 | | | | 1,190,998 | |
| Berkley School District | |
| 5.25%, 05/01/2044 (Callable 05/01/2033) | | | 875,000 | | | | 972,490 | |
| 5.25%, 05/01/2048 (Callable 05/01/2033) | | | 700,000 | | | | 767,980 | |
| City of Detroit MI | |
| 5.25%, 05/01/2028 | | | 275,000 | | | | 289,496 | |
| 5.25%, 05/01/2029 | | | 685,000 | | | | 731,674 | |
| 5.25%, 05/01/2030 | | | 680,000 | | | | 734,137 | |
| 5.25%, 05/01/2031 | | | 575,000 | | | | 627,374 | |
| 5.25%, 05/01/2032 | | | 600,000 | | | | 660,935 | |
| 5.25%, 05/01/2033 | | | 550,000 | | | | 611,455 | |
| 6.00%, 05/01/2039 (Callable 05/01/2033) | | | 500,000 | | | | 568,877 | |
| Clio Area School District | |
| 4.00%, 05/01/2038 (Callable 05/01/2032) | | | 635,000 | | | | 657,772 | |
| 4.00%, 05/01/2040 (Callable 05/01/2032) | | | 885,000 | | | | 906,047 | |
| 4.00%, 05/01/2041 (Callable 05/01/2032) | | | 895,000 | | | | 911,197 | |
| 4.00%, 05/01/2042 (Callable 05/01/2032) | | | 885,000 | | | | 895,105 | |
| Coopersville Area Public Schools | |
| 4.00%, 05/01/2039 (Callable 05/01/2032) | | | 300,000 | | | | 305,271 | |
| 4.50%, 05/01/2041 (Callable 05/01/2032) | | | 310,000 | | | | 323,474 | |
| 4.50%, 05/01/2043 (Callable 05/01/2032) | | | 300,000 | | | | 310,580 | |
| Detroit City School District, 5.25%, 05/01/2025 | | | 525,000 | | | | 530,555 | |
| Eastern Michigan University, 4.00%, 03/01/2034 (Callable 03/01/2027) | | | 985,000 | | | | 1,005,107 | |
| Flat Rock Community School District | |
| 5.00%, 05/01/2036 (Callable 05/01/2032) | | | 670,000 | | | | 764,857 | |
| 5.00%, 05/01/2037 (Callable 05/01/2032) | | | 725,000 | | | | 819,445 | |
| 5.00%, 05/01/2038 (Callable 05/01/2032) | | | 575,000 | | | | 643,657 | |
| 5.00%, 05/01/2039 (Callable 05/01/2032) | | | 805,000 | | | | 895,634 | |
| 5.00%, 05/01/2041 (Callable 05/01/2032) | | | 1,385,000 | | | | 1,515,994 | |
| 5.00%, 05/01/2044 (Callable 05/01/2032) | | | 1,485,000 | | | | 1,603,315 | |
| Fraser Public School District, 5.00%, 05/01/2048 (Callable 05/01/2033) | | | 1,000,000 | | | | 1,068,764 | |
| Great Lakes Water Authority Sewage Disposal System Revenue, 5.00%, 07/01/2036 (Callable 07/01/2026) | | | 5,000,000 | | | | 5,163,938 | |
| Great Lakes Water Authority Water Supply System Revenue | |
| 5.00%, 07/01/2045 (Callable 07/01/2030) | | | 1,740,000 | | | | 1,870,384 | |
| 5.00%, 07/01/2046 (Callable 07/01/2026) | | | 2,000,000 | | | | 2,039,010 | |
| Howell Public Schools, 5.00%, 05/01/2025 | | | 730,000 | | | | 742,107 | |
| Michigan Finance Authority | |
| 5.00%, 07/01/2025 (Callable 07/01/2024) | | | 1,000,000 | | | | 1,000,990 | |
| 5.00%, 11/01/2025 | | | 885,000 | | | | 899,729 | |
| 5.25%, 02/01/2027 | | | 1,540,000 | | | | 1,549,185 | |
| 5.00%, 11/15/2027 (Callable 11/15/2026) | | | 1,055,000 | | | | 1,096,456 | |
| 5.00%, 11/01/2028 | | | 1,025,000 | | | | 1,040,806 | |
| 4.00%, 02/01/2029 (Callable 02/01/2027) | | | 535,000 | | | | 509,789 | |
| 5.00%, 09/01/2029 | | | 400,000 | | | | 424,264 | |
| 4.50%, 10/01/2029 (Callable 10/01/2024) | | | 6,900,000 | | | | 6,914,268 | |
| 5.00%, 09/01/2030 (Callable 03/01/2030) | | | 440,000 | | | | 469,636 | |
| 5.25%, 02/01/2032 (Callable 02/01/2027) | | | 590,000 | | | | 599,285 | |
| 5.00%, 07/01/2032 (Callable 07/01/2024) | | | 5,000,000 | | | | 5,012,589 | |
| 5.00%, 05/15/2034 (Callable 05/15/2025) | | | 2,500,000 | | | | 2,536,602 | |
| 5.00%, 07/01/2034 (Callable 07/01/2025) | | | 2,000,000 | | | | 2,018,205 | |
| 5.00%, 12/01/2035 (Callable 12/01/2027) | | | 1,000,000 | | | | 1,051,613 | |
| 5.00%, 10/01/2039 (Callable 10/01/2024) | | | 3,135,000 | | | | 3,143,280 | |
| 5.25%, 02/29/2040 (Callable 02/28/2034) | | | 500,000 | | | | 554,710 | |
| 5.25%, 02/28/2041 (Callable 02/28/2034) | | | 500,000 | | | | 551,078 | |
| 5.00%, 11/15/2041 (Callable 11/15/2026) | | | 1,500,000 | | | | 1,536,145 | |
| 5.25%, 02/28/2042 (Callable 02/28/2034) | | | 500,000 | | | | 548,183 | |
| 5.00%, 07/01/2044 (Callable 07/01/2024) | | | 3,910,000 | | | | 3,912,737 | |
6.75%, 07/01/2044 (Callable 07/01/2024) (b) | | | 2,735,000 | | | | 2,754,257 | |
5.00%, 11/15/2044 (Callable 05/16/2026) (a) | | | 4,950,000 | | | | 5,102,149 | |
Michigan State Building Authority, 3.74%, 04/15/2058 (Callable 04/01/2024) (a) | | | 2,000,000 | | | | 2,000,000 | |
| Michigan State Hospital Finance Authority, 4.00%, 11/15/2047 (Callable 11/15/2026) | | | 595,000 | | | | 571,148 | |
| Michigan State Housing Development Authority | |
| 3.25%, 10/01/2037 (Callable 10/01/2025) | | | 1,745,000 | | | | 1,574,735 | |
| 4.25%, 06/01/2049 (Callable 12/01/2027) | | | 1,035,000 | | | | 1,030,782 | |
| 4.25%, 12/01/2049 (Callable 06/01/2028) | | | 1,050,000 | | | | 1,046,473 | |
| 4.65%, 12/01/2049 (Callable 06/01/2033) | | | 2,450,000 | | | | 2,437,437 | |
| 3.50%, 12/01/2050 (Callable 06/01/2029) | | | 3,765,000 | | | | 3,689,825 | |
| 5.00%, 06/01/2053 (Callable 12/01/2031) | | | 2,700,000 | | | | 2,775,970 | |
| 5.50%, 06/01/2053 (Callable 12/01/2031) | | | 2,405,000 | | | | 2,518,782 | |
| 5.75%, 06/01/2054 (Callable 12/01/2032) | | | 5,000,000 | | | | 5,337,011 | |
| 6.00%, 06/01/2054 (Callable 06/01/2033) | | | 6,500,000 | | | | 7,082,427 | |
Michigan Strategic Fund, 1.80%, 10/01/2049 (a)(c) | | | 1,000,000 | | | | 986,160 | |
| Pinckney Community Schools, 5.00%, 05/01/2035 (Callable 05/01/2026) | | | 1,500,000 | | | | 1,535,792 | |
| Rochester Community School District, 5.00%, 05/01/2035 (Callable 05/01/2026) | | | 550,000 | | | | 565,901 | |
| Rockford Public Schools | |
| 5.00%, 05/01/2036 (Callable 05/01/2033) | | | 1,000,000 | | | | 1,151,692 | |
| 5.00%, 05/01/2037 (Callable 05/01/2033) | | | 800,000 | | | | 911,433 | |
| 5.00%, 05/01/2040 (Callable 05/01/2033) | | | 1,230,000 | | | | 1,372,576 | |
| Romeo Community School District, 5.00%, 05/01/2029 (Callable 05/01/2026) | | | 1,000,000 | | | | 1,035,828 | |
| Swartz Creek Community Schools, 5.00%, 05/01/2039 (Callable 05/01/2029) | | | 815,000 | | | | 872,418 | |
| Thornapple Kellogg School District, 5.00%, 05/01/2036 (Callable 05/01/2033) | | | 1,320,000 | | | | 1,496,082 | |
| Wayne County Airport Authority, 5.00%, 12/01/2031 (Callable 12/01/2027) | | | 390,000 | | | | 414,957 | |
| Wayne State University, 5.00%, 11/15/2030 (Callable 11/15/2025) | | | 1,025,000 | | | | 1,046,202 | |
| Western Michigan University | |
| 5.00%, 11/15/2029 (Callable 05/15/2025) | | | 250,000 | | | | 253,840 | |
| 5.00%, 11/15/2038 (Callable 05/15/2031) | | | 375,000 | | | | 411,576 | |
| 5.00%, 11/15/2039 (Callable 05/15/2031) | | | 400,000 | | | | 438,797 | |
| 5.00%, 11/15/2040 (Callable 05/15/2031) | | | 420,000 | | | | 458,068 | |
| | | | | | | | 120,475,328 | |
| Minnesota - 1.3% | |
| City of Maple Grove MN | |
| 5.00%, 05/01/2027 | | | 200,000 | | | | 206,516 | |
| 5.00%, 05/01/2031 (Callable 05/01/2027) | | | 525,000 | | | | 543,265 | |
| City of Minneapolis MN | |
| 5.00%, 11/15/2034 (Callable 11/15/2028) | | | 2,240,000 | | | | 2,349,063 | |
| 5.00%, 11/15/2034 (Callable 11/15/2025) | | | 680,000 | | | | 694,510 | |
| 4.00%, 11/15/2036 (Callable 11/15/2031) | | | 1,090,000 | | | | 1,127,896 | |
| City of Virginia MN, 5.00%, 12/15/2026 (Callable 06/15/2025) | | | 8,000,000 | | | | 8,061,074 | |
| County of Washington MN, 2.25%, 02/01/2034 (Callable 02/01/2028) | | | 1,525,000 | | | | 1,323,667 | |
| Duluth Economic Development Authority | |
| 5.00%, 06/15/2027 | | | 300,000 | | | | 309,082 | |
| 5.00%, 06/15/2028 | | | 450,000 | | | | 469,148 | |
Federal Home Loan Mortgage Corp., Series 2024-ML21, Class A, 4.62%, 08/25/2041 (Callable 08/25/2041) (a) | | | 4,500,000 | | | | 4,587,983 | |
| Forest Lake Independent School District No 831, 3.13%, 02/01/2039 (Callable 02/01/2026) | | | 175,000 | | | | 162,146 | |
| Housing & Redevelopment Authority of The City of St Paul Minnesota | |
| 5.00%, 12/01/2028 | | | 1,115,000 | | | | 1,145,231 | |
| 5.00%, 11/15/2029 (Callable 11/15/2027) | | | 705,000 | | | | 738,509 | |
| 5.00%, 12/01/2030 | | | 300,000 | | | | 308,884 | |
| 5.00%, 11/15/2034 (Callable 11/15/2027) | | | 1,900,000 | | | | 1,985,585 | |
| 5.00%, 12/01/2036 (Callable 12/01/2030) | | | 1,600,000 | | | | 1,616,144 | |
| Minnesota Higher Education Facilities Authority | |
| 5.00%, 10/01/2039 (Callable 10/01/2030) | | | 2,040,000 | | | | 2,216,498 | |
| 4.00%, 10/01/2040 (Callable 10/01/2030) | | | 1,030,000 | | | | 1,030,449 | |
| 4.13%, 10/01/2041 (Callable 10/01/2030) | | | 1,000,000 | | | | 1,003,306 | |
| 4.13%, 10/01/2042 (Callable 10/01/2030) | | | 1,000,000 | | | | 997,335 | |
5.00%, 10/01/2053 (Callable 04/01/2029) (a) | | | 2,000,000 | | | | 2,150,789 | |
| Minnesota Housing Finance Agency | |
| 3.30%, 02/01/2025 (Callable 08/01/2024) | | | 2,000,000 | | | | 1,982,999 | |
| 3.80%, 02/01/2025 (Callable 08/01/2024) | | | 2,040,000 | | | | 2,034,611 | |
| 3.60%, 07/01/2033 (Callable 05/02/2024) | | | 460,000 | | | | 453,016 | |
| 3.10%, 07/01/2035 (Callable 07/01/2025) | | | 1,485,000 | | | | 1,394,154 | |
| 4.00%, 01/01/2038 (Callable 05/02/2024) | | | 145,000 | | | | 144,137 | |
| 4.00%, 08/01/2040 (Callable 08/01/2033) | | | 1,000,000 | | | | 988,501 | |
| 4.00%, 01/01/2047 (Callable 01/01/2026) | | | 125,000 | | | | 124,166 | |
| 3.75%, 01/01/2050 (Callable 01/01/2029) | | | 1,665,000 | | | | 1,641,016 | |
| 3.50%, 07/01/2050 (Callable 07/01/2029) | | | 2,215,000 | | | | 2,170,645 | |
| 5.75%, 07/01/2053 (Callable 01/01/2033) | | | 2,975,000 | | | | 3,166,075 | |
| Plymouth Intermediate District No. 287, 4.00%, 02/01/2028 (Callable 02/01/2027) | | | 350,000 | | | | 358,409 | |
| St Paul Port Authority | |
| 4.00%, 10/01/2041 (Callable 10/01/2027) | | | 400,000 | | | | 382,604 | |
| 4.75%, 10/01/2043 (Callable 10/01/2033) | | | 1,000,000 | | | | 1,030,276 | |
| Zumbro Education District | |
| 4.00%, 02/01/2029 | | | 350,000 | | | | 347,829 | |
| 4.00%, 02/01/2038 (Callable 02/01/2031) | | | 385,000 | | | | 365,118 | |
| | | | | | | | 49,610,636 | |
| Mississippi - 1.4% | |
| Biloxi Public School District, 5.00%, 04/01/2026 | | | 500,000 | | | | 514,007 | |
| City of Gluckstadt MS | |
| 6.00%, 06/01/2025 | | | 100,000 | | | | 101,858 | |
| 6.00%, 06/01/2027 | | | 285,000 | | | | 299,369 | |
| 6.00%, 06/01/2029 (Callable 06/01/2028) | | | 370,000 | | | | 396,816 | |
| 6.00%, 06/01/2031 (Callable 06/01/2028) | | | 405,000 | | | | 435,241 | |
| 6.00%, 06/01/2032 (Callable 06/01/2028) | | | 100,000 | | | | 107,438 | |
| 5.00%, 06/01/2034 (Callable 06/01/2028) | | | 100,000 | | | | 103,898 | |
| 5.00%, 06/01/2035 (Callable 06/01/2028) | | | 490,000 | | | | 508,187 | |
| City of Gulfport MS | |
| 5.00%, 07/01/2024 | | | 485,000 | | | | 485,549 | |
| 5.00%, 07/01/2027 (Callable 07/01/2026) | | | 500,000 | | | | 502,419 | |
| City of Louisville MS | |
| 4.50%, 09/01/2033 (Callable 09/01/2029) | | | 280,000 | | | | 290,928 | |
| 4.50%, 09/01/2034 (Callable 09/01/2029) | | | 300,000 | | | | 311,367 | |
| City of Pearl MS | |
| 5.50%, 09/01/2028 | | | 310,000 | | | | 335,608 | |
| 5.50%, 09/01/2029 | | | 325,000 | | | | 358,128 | |
| City of Ridgeland MS | |
| 3.00%, 10/01/2025 | | | 1,000,000 | | | | 983,993 | |
| 3.00%, 10/01/2026 | | | 1,100,000 | | | | 1,067,985 | |
| 3.00%, 10/01/2028 (Callable 10/01/2027) | | | 690,000 | | | | 655,349 | |
County of Lowndes MS, 2.65%, 04/01/2037 (a) | | | 2,545,000 | | | | 2,464,225 | |
| County of Warren MS | |
| 6.00%, 09/01/2042 (Callable 09/01/2033) | | | 610,000 | | | | 706,243 | |
| 6.00%, 09/01/2043 (Callable 09/01/2033) | | | 550,000 | | | | 634,346 | |
| 6.00%, 09/01/2048 (Callable 09/01/2033) | | | 3,000,000 | | | | 3,412,969 | |
| 6.00%, 09/01/2053 (Callable 09/01/2033) | | | 2,070,000 | | | | 2,332,086 | |
| Medical Center Educational Building Corp. | |
| 5.00%, 06/01/2042 (Callable 06/01/2027) | | | 500,000 | | | | 516,396 | |
| 4.00%, 06/01/2048 (Callable 06/01/2033) | | | 1,500,000 | | | | 1,439,960 | |
| Mississippi Business Finance Corp., 3.20%, 09/01/2028 (Callable 05/02/2024) | | | 2,100,000 | | | | 2,079,926 | |
| Mississippi Development Bank | |
| 5.00%, 06/01/2024 | | | 510,000 | | | | 510,764 | |
| 5.00%, 11/01/2027 | | | 560,000 | | | | 560,939 | |
| 5.00%, 09/01/2029 | | | 1,900,000 | | | | 1,992,469 | |
| 5.00%, 09/01/2030 | | | 865,000 | | | | 914,405 | |
| 5.25%, 03/01/2034 (Callable 03/01/2028) | | | 490,000 | | | | 511,570 | |
| 4.00%, 07/01/2034 (Callable 07/01/2031) | | | 285,000 | | | | 290,863 | |
| 4.00%, 07/01/2035 (Callable 07/01/2031) | | | 405,000 | | | | 413,811 | |
| 4.00%, 03/01/2036 (Callable 03/01/2028) | | | 300,000 | | | | 304,671 | |
| 4.00%, 07/01/2036 (Callable 07/01/2031) | | | 250,000 | | | | 252,947 | |
| 5.50%, 03/01/2038 (Callable 03/01/2029) | | | 265,000 | | | | 286,067 | |
| 4.00%, 07/01/2038 (Callable 07/01/2031) | | | 245,000 | | | | 245,248 | |
| 4.00%, 04/01/2039 (Callable 04/01/2033) | | | 1,345,000 | | | | 1,364,088 | |
| 4.00%, 07/01/2039 (Callable 07/01/2031) | | | 390,000 | | | | 386,806 | |
| 5.00%, 04/01/2042 (Callable 04/01/2034) | | | 475,000 | | | | 528,981 | |
| 4.00%, 04/01/2044 (Callable 04/01/2034) | | | 900,000 | | | | 887,229 | |
| 5.25%, 03/01/2045 (Callable 03/01/2028) | | | 1,345,000 | | | | 1,363,864 | |
| 5.00%, 03/01/2048 (Callable 03/01/2029) | | | 1,570,000 | | | | 1,616,550 | |
| 5.00%, 05/01/2049 (Callable 05/01/2034) | | | 3,000,000 | | | | 3,209,226 | |
| 5.00%, 05/01/2052 (Callable 05/01/2034) | | | 3,000,000 | | | | 3,192,794 | |
| Mississippi Home Corp. | |
| 3.38%, 12/01/2034 (Callable 06/01/2028) | | | 3,000,000 | | | | 2,924,735 | |
| 4.38%, 12/01/2044 (Callable 12/01/2032) | | | 2,000,000 | | | | 2,011,414 | |
| 4.05%, 12/01/2047 (Callable 06/01/2031) | | | 500,000 | | | | 475,657 | |
| 4.55%, 12/01/2049 (Callable 12/01/2032) | | | 2,000,000 | | | | 2,002,036 | |
| Mississippi Hospital Equipment & Facilities Authority, 5.00%, 10/01/2034 (Callable 10/01/2029) | | | 725,000 | | | | 783,708 | |
| Mississippi State University Educational Building Corp., 4.00%, 08/01/2049 (Callable 08/01/2034) | | | 1,350,000 | | | | 1,315,358 | |
| Natchez-Adams School District, 5.00%, 02/01/2030 | | | 645,000 | | | | 706,541 | |
| State of Mississippi Gaming Tax Revenue | |
| 5.00%, 10/15/2028 (Callable 10/15/2025) | | | 1,260,000 | | | | 1,284,506 | |
| 5.00%, 10/15/2034 (Callable 10/15/2025) | | | 1,000,000 | | | | 1,014,363 | |
| 5.00%, 10/15/2035 (Callable 10/15/2028) | | | 4,000,000 | | | | 4,186,558 | |
| Sunflower County Consolidated School District, 4.00%, 06/01/2042 (Callable 06/01/2032) | | | 1,620,000 | | | | 1,598,490 | |
| University of Mississippi Educational Building Corp. | |
| 5.00%, 10/01/2047 (Callable 10/01/2032) | | | 800,000 | | | | 857,040 | |
| 4.50%, 10/01/2052 (Callable 10/01/2032) | | | 1,000,000 | | | | 1,007,511 | |
| University of Southern Mississippi/The, 5.00%, 09/01/2035 (Callable 09/01/2026) | | | 535,000 | | | | 556,259 | |
| Vicksburg Warren School District, 5.00%, 03/01/2029 | | | 150,000 | | | | 158,164 | |
| | | | | | | | 60,759,923 | |
| Missouri - 1.6% | |
| Caldwell County School District No R-II Hamilton, 5.00%, 04/15/2038 (Callable 04/15/2026) | | | 820,000 | | | | 833,511 | |
| Cape Girardeau County Industrial Development Authority, 5.00%, 06/01/2024 | | | 825,000 | | | | 826,032 | |
| Center School District No 58/MO, 4.00%, 04/15/2031 (Callable 04/15/2027) | | | 170,000 | | | | 173,438 | |
| Citizens Memorial Hospital District, 5.00%, 12/01/2026 (Callable 09/01/2026) | | | 11,100,000 | | | | 11,096,753 | |
| City of St Charles MO, 4.00%, 02/01/2026 | | | 500,000 | | | | 505,552 | |
| City of St Louis MO Airport Revenue, 5.00%, 07/01/2039 (Callable 07/01/2029) | | | 425,000 | | | | 453,150 | |
| Fort Zumwalt School District, 5.25%, 03/01/2042 (Callable 03/01/2030) | | | 1,730,000 | | | | 1,880,867 | |
| Health & Educational Facilities Authority of the State of Missouri | |
| 5.00%, 08/01/2024 | | | 330,000 | | | | 329,328 | |
| 5.00%, 02/01/2025 (Callable 05/02/2024) | | | 45,000 | | | | 45,004 | |
| 5.00%, 09/01/2025 | | | 680,000 | | | | 683,703 | |
| 5.00%, 09/01/2026 | | | 410,000 | | | | 413,166 | |
| 5.00%, 09/01/2027 | | | 280,000 | | | | 283,958 | |
| 5.00%, 11/15/2027 (Callable 11/15/2025) | | | 585,000 | | | | 593,808 | |
| 5.00%, 02/01/2034 (Callable 04/22/2024) | | | 950,000 | | | | 966,819 | |
| 5.00%, 02/01/2035 (Callable 05/02/2024) | | | 535,000 | | | | 535,124 | |
| 5.00%, 02/15/2035 (Callable 02/15/2029) | | | 615,000 | | | | 658,885 | |
| 5.00%, 11/15/2035 (Callable 11/15/2025) | | | 1,950,000 | | | | 1,976,692 | |
| 5.00%, 02/15/2036 (Callable 02/15/2029) | | | 425,000 | | | | 453,219 | |
| Jackson County School District No R-IV Blue Springs | |
| 6.00%, 03/01/2038 (Callable 03/01/2029) | | | 1,005,000 | | | | 1,147,917 | |
| 5.50%, 03/01/2044 (Callable 03/01/2034) | | | 2,280,000 | | | | 2,664,400 | |
| Jefferson County Consolidated School District No 6/MO | |
| 3.00%, 03/01/2034 (Callable 03/01/2028) | | | 700,000 | | | | 688,898 | |
| 3.00%, 03/01/2039 (Callable 03/01/2028) | | | 1,300,000 | | | | 1,155,863 | |
| Kansas City Industrial Development Authority, 4.00%, 03/01/2035 (Callable 03/01/2030) | | | 455,000 | | | | 467,277 | |
| Marshall School District/MO | |
| 5.00%, 03/01/2036 (Callable 03/01/2033) | | | 745,000 | | | | 840,374 | |
| 5.00%, 03/01/2037 (Callable 03/01/2033) | | | 840,000 | | | | 939,618 | |
| Meramec Valley School District No R-III | |
| 3.00%, 03/01/2037 (Callable 03/01/2028) | | | 360,000 | | | | 336,547 | |
| 3.00%, 03/01/2038 (Callable 03/01/2028) | | | 500,000 | | | | 455,334 | |
| Missouri Housing Development Commission | |
| 3.95%, 11/01/2040 (Callable 05/01/2025) | | | 40,000 | | | | 39,141 | |
| 3.25%, 11/01/2052 (Callable 11/01/2030) | | | 4,115,000 | | | | 3,996,534 | |
| Missouri Joint Municipal Electric Utility Commission, 5.00%, 12/01/2040 (Callable 06/01/2026) | | | 1,040,000 | | | | 1,056,148 | |
| Missouri Southern State University | |
| 4.00%, 10/01/2035 (Callable 10/01/2029) | | | 100,000 | | | | 102,629 | |
| 4.00%, 10/01/2036 (Callable 10/01/2029) | | | 110,000 | | | | 112,693 | |
| 4.00%, 10/01/2039 (Callable 10/01/2029) | | | 110,000 | | | | 110,191 | |
| Missouri State Environmental Improvement & Energy Resources Authority, 2.75%, 09/01/2033 (Callable 06/12/2027) | | | 5,000,000 | | | | 4,499,483 | |
| Normandy Schools Collaborative | |
| 3.00%, 03/01/2036 (Callable 03/01/2028) | | | 1,525,000 | | | | 1,435,556 | |
| 3.00%, 03/01/2037 (Callable 03/01/2028) | | | 1,325,000 | | | | 1,222,046 | |
| Northwest Missouri State University | |
| 5.00%, 06/01/2027 | | | 560,000 | | | | 584,125 | |
| 5.00%, 06/01/2028 | | | 1,595,000 | | | | 1,689,134 | |
| 5.00%, 06/01/2029 | | | 500,000 | | | | 536,650 | |
| Pattonville R-3 School District, 5.25%, 03/01/2042 (Callable 03/01/2031) | | | 2,000,000 | | | | 2,212,144 | |
| St Louis Land Clearance for Redevelopment Authority | |
| 5.00%, 06/01/2028 (Callable 12/01/2026) | | | 4,000,000 | | | | 4,088,287 | |
| 3.88%, 10/01/2035 (Callable 10/01/2029) | | | 290,000 | | | | 262,916 | |
| 5.00%, 04/01/2038 (Callable 04/01/2027) | | | 1,540,000 | | | | 1,588,662 | |
| St Louis Municipal Finance Corp., 5.00%, 10/01/2045 (Callable 10/01/2030) | | | 1,330,000 | | | | 1,400,996 | |
| University City Industrial Development Authority, 4.88%, 06/15/2036 (Callable 06/15/2033) | | | 2,400,000 | | | | 2,448,645 | |
| | | | | | | | 58,791,217 | |
| Montana - 0.9% | |
| City of Forsyth MT | |
| 3.88%, 07/01/2028 (Callable 04/02/2028) | | | 1,600,000 | | | | 1,622,012 | |
3.90%, 03/01/2031 (Callable 05/02/2024) (a) | | | 7,395,000 | | | | 7,170,175 | |
| 3.88%, 10/01/2032 | | | 3,000,000 | | | | 2,985,800 | |
| Judith Basin County K-12 School District No 12 Stanford | |
| 5.00%, 07/01/2041 (Callable 07/01/2033) | | | 465,000 | | | | 509,744 | |
| 5.00%, 07/01/2043 (Callable 07/01/2033) | | | 300,000 | | | | 326,219 | |
| 5.25%, 07/01/2048 (Callable 07/01/2033) | | | 450,000 | | | | 494,449 | |
| Montana Board of Housing | |
3.50%, 08/01/2025 (Callable 08/01/2024) (a) | | | 3,385,000 | | | | 3,372,577 | |
| 3.60%, 12/01/2030 (Callable 04/22/2024) | | | 290,000 | | | | 289,457 | |
| 3.75%, 12/01/2038 (Callable 12/01/2027) | | | 290,000 | | | | 281,596 | |
| 4.00%, 06/01/2049 (Callable 12/01/2027) | | | 795,000 | | | | 788,729 | |
| 3.00%, 06/01/2052 (Callable 06/01/2031) | | | 1,870,000 | | | | 1,802,596 | |
| 6.00%, 12/01/2053 (Callable 12/01/2032) | | | 2,110,000 | | | | 2,276,706 | |
| 6.25%, 06/01/2054 (Callable 12/01/2032) | | | 1,710,000 | | | | 1,868,488 | |
| Montana Facility Finance Authority | |
| 5.00%, 06/01/2026 (Callable 12/01/2024) | | | 765,000 | | | | 770,679 | |
| 5.00%, 06/01/2029 (Callable 12/01/2024) | | | 715,000 | | | | 721,046 | |
| 5.00%, 06/01/2033 (Callable 06/01/2028) | | | 310,000 | | | | 327,182 | |
| 4.00%, 01/01/2037 (Callable 01/01/2030) | | | 700,000 | | | | 714,533 | |
| Yellowstone and Carbon Counties School District No 7-70 Laurel, 5.00%, 07/01/2027 | | | 740,000 | | | | 783,858 | |
| | | | | | | | 27,105,846 | |
| Nebraska - 0.8% | |
Central Plains Energy Project, 5.00%, 05/01/2054 (Callable 08/01/2029) (a) | | | 7,200,000 | | | | 7,614,332 | |
| City of Fremont NE Combined Utility System Revenue, 1.75%, 07/15/2034 (Callable 07/08/2028) | | | 3,000,000 | | | | 2,459,955 | |
| County of Douglas NE, 5.00%, 07/01/2036 (Callable 07/01/2027) | | | 200,000 | | | | 209,928 | |
| Douglas County Hospital Authority No 2, 5.00%, 05/15/2029 (Callable 05/15/2024) | | | 2,125,000 | | | | 2,126,740 | |
| Nebraska Investment Finance Authority | |
| 3.50%, 09/01/2036 (Callable 03/01/2025) | | | 275,000 | | | | 262,762 | |
| 3.50%, 09/01/2046 (Callable 03/01/2025) | | | 65,000 | | | | 64,111 | |
| 5.50%, 03/01/2052 (Callable 03/01/2032) | | | 4,580,000 | | | | 4,806,755 | |
Omaha Airport Authority, 5.00%, 12/15/2028 (Callable 12/15/2026) (c) | | | 550,000 | | | | 568,602 | |
| Papio-Missouri River Natural Resource District, 3.00%, 12/01/2032 (Callable 10/12/2026) | | | 385,000 | | | | 369,102 | |
| Village of Boys Town NE, 3.00%, 09/01/2028 | | | 2,125,000 | | | | 2,119,323 | |
| | | | | | | | 20,601,610 | |
| Nevada - 0.3% | |
| Carson City NV | |
| 5.00%, 09/01/2031 (Callable 09/01/2027) | | | 505,000 | | | | 523,584 | |
| 5.00%, 09/01/2033 (Callable 09/01/2027) | | | 520,000 | | | | 538,243 | |
| Clark County School District, 5.00%, 06/15/2032 (Callable 06/15/2027) | | | 450,000 | | | | 474,283 | |
County of Clark NV, 3.75%, 01/01/2036 (a) | | | 1,500,000 | | | | 1,489,891 | |
| County of Washoe NV | |
3.63%, 03/01/2036 (a) | | | 4,015,000 | | | | 4,045,987 | |
3.63%, 03/01/2036 (a) | | | 1,000,000 | | | | 1,006,721 | |
| Henderson Public Improvement Trust/NV, 5.50%, 01/01/2044 (Callable 07/01/2024) | | | 1,000,000 | | | | 1,003,835 | |
| Las Vegas Redevelopment Agency | |
| 5.00%, 06/15/2027 (Callable 06/15/2026) | | | 1,210,000 | | | | 1,237,717 | |
| 5.00%, 06/15/2029 (Callable 06/15/2026) | | | 200,000 | | | | 204,357 | |
| 3.00%, 06/15/2032 (Callable 06/15/2026) | | | 1,000,000 | | | | 924,003 | |
| Nevada Housing Division | |
5.00%, 12/01/2025 (Callable 12/01/2024) (a) | | | 2,725,000 | | | | 2,736,350 | |
| 4.00%, 04/01/2049 (Callable 10/01/2028) | | | 1,210,000 | | | | 1,200,038 | |
| 4.00%, 10/01/2049 (Callable 10/01/2028) | | | 245,000 | | | | 242,980 | |
| State of Nevada, 5.00%, 06/01/2033 (Callable 06/05/2024) | | | 300,000 | | | | 300,571 | |
| | | | | | | | 15,928,560 | |
| New Hampshire - 0.4% | |
| New Hampshire Business Finance Authority | |
| 4.00%, 10/20/2036 | | | 2,942,991 | | | | 2,794,857 | |
| 4.00%, 12/01/2040 (Callable 06/01/2033) | | | 630,000 | | | | 630,082 | |
| New Hampshire Health and Education Facilities Authority Act, 5.00%, 10/01/2032 (Callable 10/01/2027) | | | 275,000 | | | | 290,265 | |
| New Hampshire Housing Finance Authority, 6.00%, 01/01/2055 (Callable 07/01/2032) | | | 5,000,000 | | | | 5,378,753 | |
| | | | | | | | 9,093,957 | |
| New Jersey - 2.6% | |
Atlantic City Board of Education, 3.40%, 08/15/2027 (b) | | | 3,293,000 | | | | 3,288,529 | |
Camden County Improvement Authority/The, 5.00%, 03/01/2027 (Callable 03/01/2026) (a) | | | 3,000,000 | | | | 3,066,544 | |
| Gloucester County Improvement Authority/The | |
| 4.00%, 02/27/2025 (Callable 12/01/2024) | | | 2,450,000 | | | | 2,457,182 | |
| 5.00%, 07/01/2044 (Callable 01/01/2032) | | | 855,000 | | | | 931,678 | |
| 5.00%, 07/01/2049 (Callable 01/01/2032) | | | 4,000,000 | | | | 4,271,603 | |
Industrial Pollution Control Financing Authority of Gloucester County/The, 5.00%, 12/01/2024 (c) | | | 455,000 | | | | 455,134 | |
| New Jersey Economic Development Authority | |
| 4.00%, 11/01/2027 | | | 1,100,000 | | | | 1,131,248 | |
| 3.13%, 07/01/2029 (Callable 07/01/2027) | | | 90,000 | | | | 86,071 | |
| New Jersey Educational Facilities Authority, 5.00%, 07/01/2026 (Callable 07/01/2024) | | | 115,000 | | | | 115,330 | |
New Jersey Health Care Facilities Financing Authority, 5.00%, 07/01/2043 (Callable 05/02/2024) (a) | | | 2,250,000 | | | | 2,255,508 | |
| New Jersey Higher Education Student Assistance Authority | |
5.00%, 12/01/2025 (c) | | | 1,850,000 | | | | 1,883,568 | |
5.00%, 12/01/2027 (c) | | | 375,000 | | | | 389,364 | |
| New Jersey Housing & Mortgage Finance Agency | |
3.13%, 02/01/2025 (Callable 04/22/2024) (a) | | | 2,300,000 | | | | 2,282,706 | |
| 4.50%, 10/01/2048 (Callable 10/01/2027) | | | 1,340,000 | | | | 1,342,571 | |
| 4.75%, 10/01/2050 (Callable 04/01/2028) | | | 255,000 | | | | 256,561 | |
| 5.00%, 10/01/2053 (Callable 04/01/2031) | | | 2,420,000 | | | | 2,486,697 | |
| New Jersey Transportation Trust Fund Authority | |
0.00%, 12/15/2024 (e) | | | 4,220,000 | | | | 4,112,156 | |
0.00%, 12/15/2026 (e) | | | 6,410,000 | | | | 5,859,278 | |
0.00%, 12/15/2027 (e) | | | 3,015,000 | | | | 2,689,206 | |
| 5.00%, 06/15/2029 (Callable 06/15/2026) | | | 1,465,000 | | | | 1,514,938 | |
0.00%, 12/15/2029 (e) | | | 2,530,000 | | | | 2,128,734 | |
| 5.00%, 06/15/2034 (Callable 12/15/2028) | | | 900,000 | | | | 973,544 | |
| 4.00%, 06/15/2035 (Callable 12/15/2030) | | | 1,455,000 | | | | 1,513,462 | |
| 4.00%, 12/15/2037 (Callable 12/15/2028) | | | 500,000 | | | | 509,784 | |
0.00%, 12/15/2038 (e) | | | 5,145,000 | | | | 2,958,371 | |
| 5.00%, 06/15/2044 (Callable 06/15/2024) | | | 370,000 | | | | 370,390 | |
| New Jersey Turnpike Authority | |
5.00%, 01/01/2027 (i) | | | 2,500,000 | | | | 2,610,762 | |
5.00%, 01/01/2028 (i) | | | 8,000,000 | | | | 8,509,470 | |
| Newark Housing Authority, 5.00%, 01/01/2032 | | | 525,000 | | | | 572,090 | |
South Jersey Port Corp., 5.00%, 01/01/2025 (c) | | | 1,500,000 | | | | 1,507,798 | |
| South Jersey Transportation Authority, 5.00%, 11/01/2041 (Callable 11/01/2030) | | | 2,350,000 | | | | 2,517,307 | |
Tender Option Bond Trust Receipts/Certificates, 3.84%, 12/15/2028 (a)(b) | | | 5,475,000 | | | | 5,475,000 | |
| | | | | | | | 70,522,584 | |
| New Mexico - 0.5% | |
| Loving Municipal School District No 10 | |
| 5.00%, 09/15/2025 | | | 500,000 | | | | 512,061 | |
| 5.00%, 09/15/2026 | | | 500,000 | | | | 521,681 | |
| New Mexico Institute of Mining & Technology | |
| 4.00%, 12/01/2028 | | | 300,000 | | | | 309,719 | |
| 4.00%, 12/01/2029 | | | 335,000 | | | | 345,228 | |
| New Mexico Mortgage Finance Authority | |
| 3.50%, 09/01/2041 (Callable 03/01/2026) | | | 460,000 | | | | 420,292 | |
5.00%, 02/01/2042 (Callable 10/01/2024) (a) | | | 2,458,000 | | | | 2,468,038 | |
5.00%, 02/01/2042 (Callable 04/01/2025) (a) | | | 2,000,000 | | | | 2,020,159 | |
| 3.70%, 09/01/2042 (Callable 03/01/2027) | | | 1,485,000 | | | | 1,386,484 | |
| 3.60%, 07/01/2044 (Callable 07/01/2028) | | | 935,000 | | | | 853,080 | |
| 4.60%, 09/01/2049 (Callable 03/01/2033) | | | 2,165,000 | | | | 2,143,458 | |
| 3.50%, 07/01/2050 (Callable 01/01/2029) | | | 630,000 | | | | 617,952 | |
| 5.25%, 03/01/2053 (Callable 03/01/2032) | | | 3,315,000 | | | | 3,460,297 | |
| New Mexico State University, 4.00%, 04/01/2035 (Callable 04/01/2027) | | | 520,000 | | | | 527,415 | |
| Village of Los Ranchos de Albuquerque NM | |
| 4.00%, 09/01/2024 | | | 100,000 | | | | 99,897 | |
| 4.00%, 09/01/2025 | | | 150,000 | | | | 150,580 | |
| 5.00%, 09/01/2026 | | | 150,000 | | | | 154,963 | |
| 5.00%, 09/01/2030 | | | 125,000 | | | | 137,710 | |
| | | | | | | | 16,129,014 | |
| New York - 4.4% | |
Albany County Airport Authority, 5.00%, 12/15/2025 (c) | | | 1,000,000 | | | | 1,016,906 | |
| Albany County Capital Resource Corp., 3.10%, 07/01/2030 | | | 755,000 | | | | 676,895 | |
Amherst Industrial Development Agency, 3.90%, 04/01/2026 (Callable 04/01/2025) (a) | | | 9,350,000 | | | | 9,336,207 | |
BluePath TE Trust, 2.75%, 09/01/2026 (Callable 05/02/2024) (b) | | | 1,597,500 | | | | 1,553,582 | |
| City of Long Beach NY, 5.25%, 07/15/2042 (Callable 07/15/2030) | | | 1,800,000 | | | | 1,962,051 | |
| City of New York NY | |
4.25%, 04/01/2042 (Callable 04/01/2024) (a) | | | 5,125,000 | | | | 5,125,000 | |
| 5.25%, 10/01/2043 (Callable 10/01/2032) | | | 1,200,000 | | | | 1,341,411 | |
5.00%, 06/01/2044 (Callable 06/01/2025) (a) | | | 2,000,000 | | | | 2,028,463 | |
| Dutchess County Local Development Corp., 5.00%, 07/01/2027 (Callable 07/01/2026) | | | 2,125,000 | | | | 2,155,631 | |
| Huntington Local Development Corp., 4.00%, 07/01/2027 | | | 1,940,000 | | | | 1,879,570 | |
| Metropolitan Transportation Authority, 4.00%, 11/15/2048 (Callable 05/15/2034) | | | 1,000,000 | | | | 954,671 | |
| Monroe County Industrial Development Corp., 4.84%, 11/01/2040 | | | 4,962,850 | | | | 4,993,275 | |
| New York City Housing Development Corp. | |
| 2.25%, 11/01/2041 (Callable 05/01/2029) | | | 2,000,000 | | | | 1,421,865 | |
| 3.00%, 02/15/2048 (Callable 05/15/2024) | | | 9,250,000 | | | | 9,220,273 | |
| 3.50%, 02/15/2048 (Callable 05/15/2024) | | | 3,820,000 | | | | 3,805,178 | |
3.40%, 11/01/2062 (Callable 05/01/2025) (a) | | | 6,280,000 | | | | 6,211,525 | |
| New York City Transitional Finance Authority, 5.00%, 08/01/2034 (Callable 08/01/2026) | | | 650,000 | | | | 675,966 | |
| New York City Transitional Finance Authority Future Tax Secured Revenue | |
| 5.00%, 08/01/2038 (Callable 08/01/2028) | | | 1,295,000 | | | | 1,380,613 | |
| 4.00%, 11/01/2038 (Callable 05/01/2031) | | | 1,055,000 | | | | 1,084,373 | |
| 4.00%, 05/01/2039 (Callable 11/01/2030) | | | 1,000,000 | | | | 1,018,432 | |
| 5.00%, 02/01/2041 (Callable 02/01/2025) | | | 5,000,000 | | | | 5,032,252 | |
| New York State Dormitory Authority | |
| 5.00%, 02/15/2031 (Callable 08/15/2027) | | | 730,000 | | | | 779,308 | |
| 5.00%, 03/15/2040 (Callable 03/15/2029) | | | 3,275,000 | | | | 3,528,156 | |
| 5.00%, 03/15/2041 (Callable 03/15/2029) | | | 2,965,000 | | | | 3,185,422 | |
| 5.00%, 02/15/2048 (Callable 02/15/2030) | | | 1,925,000 | | | | 2,031,642 | |
| New York State Housing Finance Agency | |
| 0.70%, 11/01/2024 (Callable 04/22/2024) | | | 5,000,000 | | | | 4,853,359 | |
| 1.60%, 11/01/2024 (Callable 04/22/2024) | | | 4,480,000 | | | | 4,412,188 | |
0.65%, 11/01/2056 (Callable 04/22/2024) (a) | | | 2,500,000 | | | | 2,347,047 | |
1.00%, 11/01/2061 (Callable 04/22/2024) (a) | | | 1,825,000 | | | | 1,668,848 | |
3.60%, 11/01/2062 (Callable 06/01/2025) (a) | | | 2,240,000 | | | | 2,230,576 | |
| New York Transportation Development Corp. | |
| 5.00%, 12/01/2031 (Callable 12/01/2030) | | | 1,250,000 | | | | 1,377,211 | |
5.50%, 06/30/2038 (Callable 06/30/2031) (c) | | | 2,650,000 | | | | 2,948,223 | |
5.50%, 06/30/2041 (Callable 06/30/2031) (c) | | | 1,700,000 | | | | 1,868,111 | |
| Onondaga Civic Development Corp. | |
| 3.38%, 10/01/2026 (Callable 10/01/2025) | | | 50,000 | | | | 47,396 | |
| 5.00%, 10/01/2040 (Callable 10/01/2025) | | | 235,000 | | | | 202,636 | |
Port Authority of New York & New Jersey, 3.00%, 10/01/2028 (c) | | | 5,000,000 | | | | 4,825,471 | |
| St Lawrence County Industrial Development Agency, 5.00%, 07/01/2034 (Callable 07/01/2026) | | | 345,000 | | | | 358,985 | |
| Town of Byron NY, 4.50%, 04/03/2024 (Callable 02/02/2024) | | | 2,224,000 | | | | 2,223,967 | |
| Westchester County Local Development Corp. | |
2.88%, 07/01/2026 (b) | | | 6,210,000 | | | | 6,210,000 | |
| 5.75%, 11/01/2048 (Callable 11/01/2033) | | | 1,250,000 | | | | 1,451,480 | |
| | | | | | | | 109,424,165 | |
| North Carolina - 1.9% | |
Charlotte-Mecklenburg Hospital Authority/The, 5.00%, 01/15/2050 (a) | | | 1,930,000 | | | | 2,086,705 | |
| City of Monroe NC Enterprise System Revenue, 5.00%, 03/01/2043 (Callable 03/01/2027) | | | 305,000 | | | | 312,321 | |
| Fayetteville State University, 5.00%, 04/01/2043 (Callable 04/01/2031) | | | 1,250,000 | | | | 1,313,436 | |
| Inlivian | |
4.00%, 04/01/2025 (Callable 04/01/2024) (a) | | | 5,000,000 | | | | 5,000,000 | |
5.00%, 06/01/2043 (Callable 12/01/2025) (a) | | | 9,000,000 | | | | 9,146,606 | |
| North Carolina Housing Finance Agency | |
| 4.20%, 07/01/2040 (Callable 07/01/2032) | | | 2,000,000 | | | | 2,004,157 | |
| 4.00%, 07/01/2047 (Callable 01/01/2027) | | | 250,000 | | | | 248,032 | |
| 3.75%, 07/01/2052 (Callable 01/01/2031) | | | 3,335,000 | | | | 3,282,892 | |
| 5.75%, 01/01/2054 (Callable 07/01/2032) | | | 1,995,000 | | | | 2,124,937 | |
| North Carolina Medical Care Commission, 5.00%, 01/01/2038 (Callable 01/01/2026) | | | 1,090,000 | | | | 1,103,691 | |
| North Carolina Turnpike Authority, 4.00%, 01/01/2041 (Callable 01/01/2029) | | | 1,105,000 | | | | 1,111,704 | |
Raleigh Housing Authority, 5.00%, 10/01/2026 (a) | | | 3,500,000 | | | | 3,532,462 | |
| State of North Carolina, 3.00%, 05/01/2028 (Callable 05/02/2024) | | | 5,000,000 | | | | 4,939,130 | |
| University of North Carolina at Chapel Hill, 4.23% (SOFR + 0.65%), 12/01/2041 (Callable 12/01/2024) | | | 5,000,000 | | | | 5,003,653 | |
| | | | | | | | 41,209,726 | |
| North Dakota - 1.5% | |
| Cass County Joint Water Resource District, 3.45%, 04/01/2027 (Callable 01/01/2026) | | | 9,500,000 | | | | 9,497,968 | |
| City of Horace ND | |
| 3.25%, 08/01/2024 (Callable 05/02/2024) | | | 285,000 | | | | 284,544 | |
| 4.00%, 01/01/2025 (Callable 04/22/2024) | | | 2,500,000 | | | | 2,494,471 | |
| 3.00%, 05/01/2029 (Callable 05/01/2027) | | | 430,000 | | | | 393,415 | |
| 3.00%, 05/01/2030 (Callable 05/01/2027) | | | 425,000 | | | | 385,049 | |
| 3.00%, 05/01/2031 (Callable 05/01/2027) | | | 380,000 | | | | 339,855 | |
| 5.00%, 05/01/2033 (Callable 05/01/2031) | | | 630,000 | | | | 667,534 | |
| 5.25%, 05/01/2035 (Callable 05/01/2032) | | | 3,300,000 | | | | 3,532,625 | |
| 3.00%, 05/01/2037 (Callable 05/01/2026) | | | 2,495,000 | | | | 2,028,669 | |
| 5.00%, 05/01/2038 (Callable 05/01/2031) | | | 2,645,000 | | | | 2,713,090 | |
| 5.00%, 05/01/2048 (Callable 05/01/2031) | | | 250,000 | | | | 245,426 | |
| 6.00%, 05/01/2049 (Callable 05/01/2032) | | | 3,000,000 | | | | 3,169,748 | |
| City of Mayville ND, 3.75%, 08/01/2025 (Callable 05/02/2024) | | | 3,500,000 | | | | 3,407,145 | |
| City of Williston ND, 5.00%, 05/01/2028 (Callable 05/02/2024) | | | 480,000 | | | | 478,388 | |
| North Dakota Housing Finance Agency | |
| 3.00%, 07/01/2034 (Callable 07/01/2028) | | | 90,000 | | | | 84,497 | |
| 3.65%, 07/01/2042 (Callable 01/01/2032) | | | 500,000 | | | | 463,990 | |
| 3.50%, 07/01/2046 (Callable 01/01/2026) | | | 145,000 | | | | 142,888 | |
| 4.00%, 01/01/2050 (Callable 07/01/2028) | | | 715,000 | | | | 709,154 | |
| 5.75%, 01/01/2054 (Callable 07/01/2032) | | | 3,840,000 | | | | 4,091,198 | |
| State Board of Higher Education of the State of North Dakota | |
| 5.00%, 04/01/2028 | | | 100,000 | | | | 106,907 | |
| 4.00%, 04/01/2037 (Callable 04/01/2029) | | | 400,000 | | | | 404,599 | |
| Williston Parks & Recreation District, 4.50%, 03/01/2025 (Callable 04/17/2024) | | | 1,700,000 | | | | 1,681,189 | |
| | | | | | | | 37,322,349 | |
| Ohio - 4.1% | |
| Akron Bath Copley Joint Township Hospital District | |
| 5.00%, 11/15/2026 | | | 600,000 | | | | 627,571 | |
| 5.00%, 11/15/2032 (Callable 11/15/2030) | | | 1,545,000 | | | | 1,664,574 | |
| American Municipal Power, Inc., 4.63%, 04/12/2024 | | | 800,000 | | | | 800,057 | |
| City of Akron OH Income Tax Revenue, 4.00%, 12/01/2032 (Callable 12/01/2029) | | | 5,000 | | | | 5,237 | |
| City of Kirtland OH, 4.50%, 04/17/2025 | | | 3,147,000 | | | | 3,176,348 | |
| City of Middleburg Heights OH, 5.00%, 08/01/2033 (Callable 08/01/2031) | | | 645,000 | | | | 706,329 | |
| City of Troy OH, 3.00%, 12/01/2041 (Callable 06/01/2025) | | | 355,000 | | | | 302,004 | |
| Cleveland-Cuyahoga County Port Authority | |
| 5.00%, 07/01/2034 (Callable 07/01/2031) | | | 400,000 | | | | 451,854 | |
| 5.00%, 07/01/2036 (Callable 07/01/2031) | | | 600,000 | | | | 672,049 | |
| 4.00%, 07/01/2038 (Callable 07/01/2031) | | | 500,000 | | | | 510,452 | |
| 5.00%, 08/01/2039 (Callable 08/01/2024) | | | 2,260,000 | | | | 2,263,830 | |
| Columbus Metropolitan Housing Authority, 1.00%, 11/01/2024 (Callable 04/17/2024) | | | 600,000 | | | | 589,911 | |
| Columbus-Franklin County Finance Authority | |
| 2.00%, 11/15/2031 | | | 710,000 | | | | 630,074 | |
| 3.82%, 11/15/2036 (Callable 05/02/2024) | | | 395,000 | | | | 395,059 | |
| 4.00%, 11/15/2038 (Callable 05/02/2024) | | | 315,000 | | | | 307,386 | |
| Copley-Fairlawn City School District | |
| 5.00%, 12/01/2036 (Callable 06/01/2028) | | | 375,000 | | | | 403,082 | |
| 5.00%, 12/01/2037 (Callable 06/01/2028) | | | 300,000 | | | | 320,230 | |
| 5.00%, 12/01/2038 (Callable 06/01/2028) | | | 260,000 | | | | 276,780 | |
| 5.00%, 12/01/2039 (Callable 06/01/2028) | | | 430,000 | | | | 456,740 | |
| 5.00%, 12/01/2040 (Callable 06/01/2028) | | | 275,000 | | | | 291,197 | |
County of Franklin OH, 3.70%, 12/01/2046 (a) | | | 2,000,000 | | | | 1,999,026 | |
| County of Lorain OH | |
| 5.00%, 12/01/2031 (Callable 05/02/2024) | | | 480,000 | | | | 480,306 | |
| 3.00%, 12/01/2036 (Callable 12/01/2025) | | | 400,000 | | | | 377,407 | |
| County of Medina OH, 3.00%, 12/01/2037 (Callable 06/01/2026) | | | 545,000 | | | | 499,717 | |
| County of Montgomery OH | |
| 4.00%, 08/01/2037 (Callable 02/01/2031) | | | 400,000 | | | | 407,048 | |
| 5.00%, 08/01/2039 (Callable 02/01/2031) | | | 825,000 | | | | 884,497 | |
| County of Van Wert OH, 6.13%, 12/01/2049 (Callable 12/01/2029) | | | 2,985,000 | | | | 3,399,263 | |
| Cuyahoga Metropolitan Housing Authority | |
4.00%, 06/01/2026 (a) | | | 3,012,000 | | | | 3,008,160 | |
4.75%, 12/01/2027 (a) | | | 2,280,000 | | | | 2,299,086 | |
| Euclid City School District, 4.00%, 12/01/2037 (Callable 06/01/2027) | | | 160,000 | | | | 161,521 | |
| FHLMC Multifamily VRD Certificates, 2.55%, 06/15/2035 | | | 4,210,000 | | | | 3,607,454 | |
| Franklin County Convention Facilities Authority, 5.00%, 12/01/2032 (Callable 12/01/2029) | | | 500,000 | | | | 551,020 | |
| Hamilton County Convention Facilities Authority, 5.00%, 12/01/2026 (Callable 05/02/2024) | | | 2,570,000 | | | | 2,570,369 | |
| Hopewell-Loudon Local School District, 4.00%, 11/01/2036 (Callable 11/01/2026) | | | 1,055,000 | | | | 1,063,788 | |
| Licking Heights Local School District, 6.40%, 12/01/2028 | | | 705,000 | | | | 760,610 | |
| Ohio Air Quality Development Authority | |
| 3.25%, 09/01/2029 | | | 1,000,000 | | | | 954,359 | |
4.00%, 09/01/2030 (a) | | | 5,000,000 | | | | 5,026,838 | |
4.00%, 01/01/2034 (a) | | | 2,000,000 | | | | 1,990,111 | |
2.40%, 12/01/2038 (Callable 10/01/2024) (a) | | | 2,865,000 | | | | 2,527,887 | |
| Ohio Higher Educational Facility Commission | |
| 5.00%, 03/01/2025 | | | 545,000 | | | | 544,743 | |
| 5.00%, 05/01/2026 | | | 200,000 | | | | 206,985 | |
| 5.00%, 05/01/2027 (Callable 05/01/2026) | | | 610,000 | | | | 628,802 | |
| 5.00%, 05/01/2028 (Callable 05/01/2026) | | | 475,000 | | | | 489,802 | |
| Ohio Housing Finance Agency | |
4.05%, 02/01/2025 (a) | | | 8,525,000 | | | | 8,517,176 | |
5.00%, 05/01/2025 (a) | | | 2,340,000 | | | | 2,340,360 | |
3.35%, 07/01/2025 (a) | | | 2,240,000 | | | | 2,228,332 | |
4.00%, 11/01/2025 (a) | | | 4,300,000 | | | | 4,282,677 | |
5.00%, 08/01/2026 (Callable 08/01/2025) (a) | | | 3,159,000 | | | | 3,192,974 | |
5.00%, 12/01/2026 (a) | | | 1,665,000 | | | | 1,689,837 | |
| 3.20%, 09/01/2036 (Callable 09/01/2025) | | | 585,000 | | | | 540,447 | |
| 2.90%, 09/01/2045 (Callable 03/01/2029) | | | 6,510,000 | | | | 5,123,310 | |
| 4.00%, 03/01/2047 (Callable 09/01/2025) | | | 85,000 | | | | 84,325 | |
| Ohio Turnpike & Infrastructure Commission | |
5.70%, 02/15/2034 (Callable 02/15/2031) (d) | | | 2,350,000 | | | | 2,774,621 | |
5.80%, 02/15/2036 (Callable 02/15/2031) (d) | | | 410,000 | | | | 483,384 | |
Port of Greater Cincinnati Development Authority, 5.00%, 05/01/2025 (Callable 05/02/2024) (b) | | | 13,000,000 | | | | 12,926,632 | |
| State of Ohio | |
| 5.00%, 11/15/2035 (Callable 11/15/2030) | | | 605,000 | | | | 634,628 | |
5.00%, 12/31/2035 (Callable 06/30/2025) (c) | | | 7,865,000 | | | | 7,896,824 | |
| 4.00%, 11/15/2036 (Callable 11/15/2030) | | | 635,000 | | | | 615,755 | |
3.90%, 01/15/2045 (Callable 04/01/2024) (a) | | | 4,900,000 | | | | 4,900,000 | |
3.90%, 01/15/2045 (Callable 04/01/2024) (a) | | | 2,270,000 | | | | 2,270,000 | |
| Summit County Development Finance Authority, 5.50%, 12/01/2043 (Callable 12/01/2033) | | | 1,000,000 | | | | 1,066,298 | |
| Township of Miami OH/Montgomery County, 3.00%, 12/01/2033 (Callable 12/01/2029) | | | 80,000 | | | | 77,284 | |
| Triway Local School District, 4.00%, 12/01/2038 (Callable 12/01/2028) | | | 1,580,000 | | | | 1,591,324 | |
| Village of Bluffton OH | |
| 5.00%, 12/01/2026 | | | 1,890,000 | | | | 1,943,511 | |
| 5.00%, 12/01/2027 | | | 1,340,000 | | | | 1,395,047 | |
| | | | | | | | 115,864,309 | |
| Oklahoma - 1.2% | |
| Canadian County Educational Facilities Authority, 5.25%, 09/01/2034 (Callable 09/01/2033) | | | 6,095,000 | | | | 7,068,883 | |
| Catoosa Industrial Authority, 4.00%, 10/01/2028 (Callable 10/01/2026) | | | 20,000 | | | | 20,000 | |
| Cleveland County Educational Facilities Authority, 5.00%, 06/01/2033 | | | 390,000 | | | | 446,196 | |
| Creek County Educational Facilities Authority, 5.00%, 09/01/2041 (Callable 09/01/2034) | | | 1,000,000 | | | | 1,120,862 | |
| Garfield County Educational Facilities Authority, 5.00%, 09/01/2029 (Callable 09/01/2026) | | | 2,620,000 | | | | 2,695,498 | |
| Muskogee Industrial Trust, 4.00%, 09/01/2033 (Callable 09/01/2029) | | | 5,415,000 | | | | 5,376,433 | |
| Oklahoma County Finance Authority | |
| 5.00%, 10/01/2037 (Callable 10/01/2034) | | | 1,000,000 | | | | 1,149,860 | |
| 5.00%, 10/01/2038 (Callable 10/01/2034) | | | 1,000,000 | | | | 1,137,143 | |
| 5.00%, 10/01/2039 (Callable 10/01/2034) | | | 1,000,000 | | | | 1,131,561 | |
| 5.00%, 10/01/2040 (Callable 10/01/2034) | | | 1,500,000 | | | | 1,680,101 | |
| 5.00%, 10/01/2041 (Callable 10/01/2034) | | | 2,000,000 | | | | 2,224,879 | |
| Oklahoma Housing Finance Agency | |
| 3.50%, 03/01/2031 | | | 200,000 | | | | 197,804 | |
| 3.70%, 09/01/2033 (Callable 03/01/2031) | | | 350,000 | | | | 347,830 | |
| 3.75%, 09/01/2034 (Callable 03/01/2031) | | | 395,000 | | | | 390,102 | |
| 3.00%, 09/01/2039 (Callable 03/01/2028) | | | 130,000 | | | | 112,490 | |
| 5.00%, 03/01/2052 (Callable 03/01/2031) | | | 2,815,000 | | | | 2,887,965 | |
| 6.50%, 09/01/2054 (Callable 09/01/2032) | | | 1,250,000 | | | | 1,410,915 | |
| Oklahoma Turnpike Authority | |
| 5.00%, 01/01/2037 (Callable 01/01/2026) | | | 400,000 | | | | 410,257 | |
| 4.50%, 01/01/2053 (Callable 01/01/2032) | | | 3,000,000 | | | | 3,060,853 | |
| Pottawatomie County Facilities Authority, 4.00%, 09/01/2026 | | | 660,000 | | | | 664,117 | |
| Tulsa County Independent School District No 3 Broken Arrow, 4.50%, 03/01/2025 | | | 2,800,000 | | | | 2,825,181 | |
Tulsa County Independent School District No 9 Union, 0.05%, 04/01/2026 (i) | | | 1,000,000 | | | | 930,534 | |
| University of Oklahoma/The, 5.00%, 07/01/2033 (Callable 07/01/2025) | | | 1,500,000 | | | | 1,525,939 | |
| | | | | | | | 38,815,403 | |
| Oregon - 0.4% | |
Clackamas Community College District, 5.00%, 06/15/2039 (Callable 06/15/2027) (d) | | | 500,000 | | | | 521,249 | |
| County of Crook OR | |
0.00%, 06/01/2032 (d) | | | 1,045,000 | | | | 988,718 | |
0.00%, 06/01/2034 (Callable 06/01/2032) (d) | | | 1,345,000 | | | | 1,257,724 | |
0.00%, 06/01/2035 (Callable 06/01/2032) (d) | | | 1,510,000 | | | | 1,410,956 | |
Multnomah & Clackamas Counties School District No 10JT Gresham-Barlow, 0.00%, 06/15/2031 (Callable 06/15/2029) (e) | | | 110,000 | | | | 83,506 | |
Multnomah County School District No 40, 0.00%, 06/15/2035 (Callable 06/15/2033) (e) | | | 1,000,000 | | | | 655,433 | |
Oregon State Business Development Commission, 3.80%, 12/01/2040 (Callable 02/01/2028) (a) | | | 1,000,000 | | | | 1,012,505 | |
| Oregon State Facilities Authority | |
| 5.00%, 10/01/2027 | | | 125,000 | | | | 129,137 | |
| 4.13%, 06/01/2052 (Callable 06/01/2032) | | | 600,000 | | | | 567,527 | |
| Salem Hospital Facility Authority | |
| 5.00%, 05/15/2024 | | | 120,000 | | | | 120,014 | |
| 5.00%, 05/15/2025 | | | 130,000 | | | | 130,414 | |
| 5.00%, 05/15/2026 | | | 135,000 | | | | 136,126 | |
| 5.00%, 05/15/2035 (Callable 05/15/2026) | | | 500,000 | | | | 516,534 | |
| State of Oregon Housing & Community Services Department | |
| 2.90%, 07/01/2043 (Callable 07/01/2027) | | | 3,000,000 | | | | 2,415,098 | |
| 4.00%, 07/01/2051 (Callable 01/01/2031) | | | 5,405,000 | | | | 5,363,712 | |
Umatilla County School District No. 6R, 5.00%, 06/15/2035 (Callable 06/15/2027) (d) | | | 540,000 | | | | 574,361 | |
| Yamhill County Hospital Authority, 2.13%, 11/15/2027 (Callable 04/22/2024) | | | 8,000 | | | | 7,737 | |
| | | | | | | | 15,890,751 | |
| Pennsylvania - 3.2% | |
| Allegheny County Higher Education Building Authority | |
| 5.00%, 09/01/2024 | | | 260,000 | | | | 259,897 | |
| 5.00%, 09/01/2025 | | | 450,000 | | | | 451,290 | |
| 5.00%, 09/01/2026 | | | 400,000 | | | | 396,260 | |
| 5.00%, 09/01/2027 | | | 500,000 | | | | 495,548 | |
| Bloomsburg Area School District, 4.00%, 09/01/2030 (Callable 05/02/2024) | | | 250,000 | | | | 249,971 | |
| Bucks County Industrial Development Authority | |
| 5.00%, 07/01/2026 | | | 475,000 | | | | 449,142 | |
| 5.00%, 07/01/2027 | | | 475,000 | | | | 439,002 | |
| Chester County Industrial Development Authority | |
| 5.00%, 03/01/2027 (Callable 09/01/2026) | | | 2,050,000 | | | | 2,083,343 | |
| 5.00%, 08/01/2045 (Callable 05/02/2024) | | | 750,000 | | | | 713,129 | |
| Chester County School Authority | |
| 5.00%, 04/01/2037 (Callable 04/01/2031) | | | 650,000 | | | | 717,232 | |
| 5.00%, 04/01/2038 (Callable 04/01/2031) | | | 1,000,000 | | | | 1,093,796 | |
| City of Erie Higher Education Building Authority | |
| 5.00%, 05/01/2031 | | | 175,000 | | | | 180,767 | |
| 4.00%, 05/01/2036 (Callable 05/01/2031) | | | 575,000 | | | | 534,760 | |
| City of Oil City PA | |
| 4.00%, 12/01/2031 (Callable 12/01/2029) | | | 100,000 | | | | 104,468 | |
| 4.00%, 12/01/2035 (Callable 12/01/2029) | | | 275,000 | | | | 283,648 | |
City of Philadelphia PA Airport Revenue, 5.00%, 07/01/2025 (c) | | | 3,000,000 | | | | 3,038,233 | |
| Coatesville School District, 5.00%, 11/15/2031 (Callable 11/15/2030) | | | 4,395,000 | | | | 4,857,412 | |
| Commonwealth Financing Authority, 4.00%, 06/01/2039 (Callable 06/01/2028) | | | 1,670,000 | | | | 1,679,343 | |
| Dallas Area Municipal Authority, 5.00%, 05/01/2029 (Callable 05/01/2024) | | | 2,855,000 | | | | 2,854,846 | |
| Dauphin County General Authority, 5.00%, 06/01/2029 (Callable 06/01/2026) | | | 690,000 | | | | 711,485 | |
Delaware Valley Regional Finance Authority, 4.53% (1 mo. LIBOR US + 0.88%), 09/01/2048 (Callable 09/01/2024) (g) | | | 1,000,000 | | | | 999,863 | |
| East Hempfield Township Industrial Development Authority, 5.00%, 12/01/2025 | | | 225,000 | | | | 226,482 | |
| Erie Parking Authority/The, 4.00%, 09/01/2038 (Callable 09/01/2030) | | | 250,000 | | | | 251,542 | |
| Hamburg Area School District | |
| 3.00%, 04/01/2034 (Callable 10/01/2026) | | | 1,000,000 | | | | 960,507 | |
| 3.00%, 04/01/2036 (Callable 10/01/2026) | | | 1,400,000 | | | | 1,315,774 | |
| Indiana County Industrial Development Authority | |
| 5.00%, 05/01/2030 | | | 1,040,000 | | | | 1,128,784 | |
| 5.00%, 05/01/2032 (Callable 11/01/2031) | | | 920,000 | | | | 1,003,471 | |
| Lancaster County Convention Center Authority | |
| 4.00%, 05/01/2038 (Callable 05/01/2032) | | | 1,645,000 | | | | 1,698,016 | |
| 4.38%, 05/01/2042 (Callable 05/01/2032) | | | 1,000,000 | | | | 1,012,888 | |
| Lancaster County Hospital Authority/PA | |
| 5.00%, 11/01/2037 (Callable 11/01/2029) | | | 600,000 | | | | 642,917 | |
| 5.00%, 11/01/2040 (Callable 11/01/2029) | | | 3,100,000 | | | | 3,279,937 | |
| Latrobe Industrial Development Authority | |
| 5.00%, 03/01/2031 | | | 175,000 | | | | 180,028 | |
| 5.00%, 03/01/2032 (Callable 03/01/2031) | | | 265,000 | | | | 272,339 | |
| 5.00%, 03/01/2033 (Callable 03/01/2031) | | | 290,000 | | | | 298,473 | |
| 5.00%, 03/01/2034 (Callable 03/01/2031) | | | 300,000 | | | | 308,778 | |
Lycoming County Authority, 4.00%, 11/01/2043 (a) | | | 525,000 | | | | 524,621 | |
| Montgomery County Higher Education and Health Authority, 5.00%, 09/01/2037 (Callable 09/01/2028) | | | 1,000,000 | | | | 1,047,707 | |
| Montgomery County Industrial Development Authority/PA | |
3.90%, 11/15/2029 (Callable 05/01/2024) (a) | | | 865,000 | | | | 865,000 | |
4.10%, 04/01/2053 (a) | | | 5,000,000 | | | | 5,129,949 | |
| Old Forge School District, 4.00%, 05/01/2045 (Callable 05/01/2027) | | | 530,000 | | | | 518,816 | |
| Panther Valley School District, 4.00%, 10/15/2033 (Callable 10/15/2028) | | | 185,000 | | | | 190,054 | |
| Pennsylvania Economic Development Financing Authority | |
5.00%, 06/30/2030 (c) | | | 1,245,000 | | | | 1,358,754 | |
3.50%, 12/01/2030 (a) | | | 1,760,000 | | | | 1,760,000 | |
5.00%, 12/31/2030 (c) | | | 1,000,000 | | | | 1,097,643 | |
| 4.00%, 11/15/2034 (Callable 11/15/2027) | | | 1,000,000 | | | | 1,017,497 | |
5.50%, 06/30/2038 (Callable 12/31/2032) (c) | | | 2,045,000 | | | | 2,304,017 | |
| Pennsylvania Economic Development Financing Authority Parking System Revenue | |
| 5.00%, 01/01/2029 | | | 500,000 | | | | 534,903 | |
| 5.00%, 01/01/2029 | | | 100,000 | | | | 106,981 | |
| 5.00%, 01/01/2030 | | | 500,000 | | | | 543,485 | |
| 5.00%, 01/01/2030 | | | 155,000 | | | | 168,480 | |
| 5.00%, 01/01/2031 | | | 510,000 | | | | 561,811 | |
| 5.00%, 01/01/2031 | | | 160,000 | | | | 176,254 | |
| 5.00%, 01/01/2032 | | | 1,000,000 | | | | 1,112,966 | |
| 5.00%, 01/01/2033 (Callable 01/01/2032) | | | 1,425,000 | | | | 1,585,753 | |
0.00%, 01/01/2034 (e) | | | 3,410,000 | | | | 2,376,152 | |
0.00%, 01/01/2034 (e) | | | 1,680,000 | | | | 1,193,285 | |
0.00%, 01/01/2039 (e) | | | 3,640,000 | | | | 2,023,260 | |
| 4.25%, 01/01/2050 (Callable 01/01/2032) | | | 2,305,000 | | | | 2,244,967 | |
| Pennsylvania Higher Educational Facilities Authority | |
| 5.00%, 07/01/2035 (Callable 07/01/2026) | | | 300,000 | | | | 296,804 | |
| 5.00%, 08/15/2042 (Callable 08/15/2027) | | | 1,350,000 | | | | 1,384,323 | |
| Pennsylvania Housing Finance Agency | |
| 3.50%, 10/01/2046 (Callable 10/01/2025) | | | 100,000 | | | | 99,157 | |
| 4.00%, 10/01/2049 (Callable 10/01/2028) | | | 845,000 | | | | 839,485 | |
| 4.25%, 10/01/2052 (Callable 04/01/2032) | | | 5,020,000 | | | | 5,018,929 | |
| Pennsylvania Turnpike Commission | |
0.00%, 12/01/2037 (Callable 12/01/2035) (d) | | | 385,000 | | | | 365,476 | |
4.75%, 12/01/2037 (Callable 12/01/2026) (d) | | | 600,000 | | | | 618,954 | |
5.00%, 12/01/2038 (Callable 12/01/2028) (d) | | | 2,480,000 | | | | 2,648,794 | |
6.38%, 12/01/2038 (Callable 12/01/2027) (d) | | | 4,385,000 | | | | 4,820,843 | |
| 4.00%, 12/01/2039 (Callable 12/01/2031) | | | 1,975,000 | | | | 2,005,337 | |
0.00%, 12/01/2040 (Callable 06/01/2029) (d) | | | 795,000 | | | | 833,146 | |
| Philadelphia Gas Works Co., 4.00%, 08/01/2039 (Callable 08/01/2030) | | | 1,250,000 | | | | 1,276,439 | |
| Ridley School District | |
| 4.00%, 09/15/2031 (Callable 03/15/2025) | | | 830,000 | | | | 833,963 | |
| 4.00%, 11/15/2037 (Callable 11/15/2029) | | | 325,000 | | | | 327,809 | |
| 5.00%, 11/15/2044 (Callable 05/15/2032) | | | 1,000,000 | | | | 1,067,348 | |
| 5.00%, 11/15/2044 (Callable 05/15/2032) | | | 1,000,000 | | | | 1,067,348 | |
| 5.00%, 11/15/2050 (Callable 05/15/2032) | | | 2,150,000 | | | | 2,260,112 | |
| School District of Philadelphia/The | |
| 5.00%, 09/01/2024 | | | 600,000 | | | | 602,632 | |
| 5.00%, 09/01/2032 (Callable 09/01/2025) | | | 575,000 | | | | 583,286 | |
| 4.00%, 09/01/2037 (Callable 09/01/2029) | | | 1,000,000 | | | | 1,012,699 | |
| Sports & Exhibition Authority of Pittsburgh & Allegheny County | |
| 5.00%, 12/15/2028 (Callable 12/15/2027) | | | 500,000 | | | | 530,825 | |
| 5.00%, 02/01/2031 | | | 3,175,000 | | | | 3,598,636 | |
| 5.00%, 02/01/2034 (Callable 02/01/2032) | | | 4,000,000 | | | | 4,538,058 | |
| State Public School Building Authority | |
0.00%, 05/15/2027 (e) | | | 160,000 | | | | 142,177 | |
0.00%, 05/15/2030 (e) | | | 1,780,000 | | | | 1,427,257 | |
| Township of Lower Paxton PA, 5.00%, 04/01/2049 (Callable 04/01/2032) | | | 500,000 | | | | 529,777 | |
| Tulpehocken Area School District, 5.25%, 10/01/2049 (Callable 10/01/2031) | | | 1,000,000 | | | | 1,068,068 | |
| University Area Joint Authority | |
| 5.00%, 11/01/2037 (Callable 11/01/2029) | | | 1,965,000 | | | | 2,114,900 | |
| 5.00%, 11/01/2038 (Callable 11/01/2029) | | | 1,880,000 | | | | 2,013,438 | |
| Upper Moreland Township School District, 5.00%, 10/01/2030 (Callable 04/01/2025) | | | 250,000 | | | | 253,583 | |
| Westmoreland County Industrial Development Authority/PA | |
| 5.00%, 07/01/2029 | | | 725,000 | | | | 756,104 | |
| 5.00%, 07/01/2030 | | | 825,000 | | | | 864,035 | |
| York Suburban School District, 4.00%, 05/01/2030 (Callable 05/02/2024) | | | 1,780,000 | | | | 1,778,815 | |
| | | | | | | | 111,194,283 | |
Puerto Rico - 0.0%(f) | |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | |
| 5.00%, 07/01/2028 | | | 135,000 | | | | 141,194 | |
| 5.00%, 07/01/2034 (Callable 07/01/2031) | | | 200,000 | | | | 216,076 | |
| 5.00%, 07/01/2035 (Callable 07/01/2031) | | | 200,000 | | | | 215,398 | |
| | | | | | | | 572,668 | |
| Rhode Island - 0.1% | |
| Rhode Island Commerce Corp., 5.00%, 07/01/2033 (Callable 07/01/2028) | | | 950,000 | | | | 1,029,707 | |
| Rhode Island Health and Educational Building Corp., 4.00%, 09/15/2031 (Callable 09/15/2026) | | | 125,000 | | | | 126,934 | |
| Rhode Island Housing & Mortgage Finance Corp., 3.00%, 10/01/2051 (Callable 04/01/2030) | | | 2,410,000 | | | | 2,327,217 | |
| Rhode Island Student Loan Authority | |
5.00%, 12/01/2027 (c) | | | 1,000,000 | | | | 1,036,920 | |
5.00%, 12/01/2028 (c) | | | 1,000,000 | | | | 1,058,462 | |
| | | | | | | | 5,579,240 | |
| South Carolina - 1.3% | |
| County of Florence SC, 5.00%, 11/01/2033 (Callable 11/01/2024) | | | 250,000 | | | | 251,741 | |
| Lexington County Health Services District, Inc., 5.00%, 11/01/2036 (Callable 05/01/2026) | | | 1,000,000 | | | | 1,028,326 | |
Patriots Energy Group Financing Agency, 5.25%, 10/01/2054 (Callable 05/01/2031) (a) | | | 2,000,000 | | | | 2,141,392 | |
| Saluda County School District No 1/SC, 6.00%, 08/30/2024 | | | 4,320,000 | | | | 4,354,382 | |
| Scago Educational Facilities Corp. for Cherokee School District No 1, 5.00%, 12/01/2028 (Callable 06/01/2025) | | | 1,230,000 | | | | 1,248,200 | |
| SCAGO Educational Facilities Corp. for Pickens School District, 5.00%, 12/01/2029 (Callable 06/01/2025) | | | 675,000 | | | | 686,000 | |
| South Carolina Jobs-Economic Development Authority | |
| 5.25%, 11/15/2028 (Callable 05/15/2025) | | | 3,350,000 | | | | 3,371,860 | |
| 5.00%, 05/01/2029 (Callable 05/01/2028) | | | 1,080,000 | | | | 1,144,231 | |
| 5.75%, 11/15/2029 (Callable 05/15/2025) | | | 2,200,000 | | | | 2,173,919 | |
| 4.00%, 08/15/2030 (Callable 08/15/2026) | | | 270,000 | | | | 270,041 | |
| 5.25%, 08/15/2033 (Callable 08/15/2026) | | | 2,500,000 | | | | 2,578,026 | |
| 5.25%, 07/01/2037 (Callable 07/01/2026) | | | 100,000 | | | | 102,465 | |
4.32%, 05/01/2048 (Callable 04/01/2024) (a) | | | 4,950,000 | | | | 4,950,000 | |
| South Carolina State Housing Finance & Development Authority | |
| 3.80%, 01/01/2049 (Callable 07/01/2027) | | | 130,000 | | | | 117,668 | |
| 4.00%, 07/01/2050 (Callable 07/01/2029) | | | 2,000,000 | | | | 1,981,993 | |
| 3.00%, 01/01/2052 (Callable 07/01/2030) | | | 7,640,000 | | | | 7,373,459 | |
| Spartanburg Regional Health Services District | |
| 4.00%, 04/15/2036 (Callable 04/15/2030) | | | 445,000 | | | | 455,457 | |
| 4.00%, 04/15/2037 (Callable 04/15/2030) | | | 500,000 | | | | 505,577 | |
| 4.00%, 04/15/2038 (Callable 04/15/2030) | | | 500,000 | | | | 502,462 | |
| Williamsburg County Public Facilities Corp., 4.00%, 06/01/2032 (Callable 06/01/2030) | | | 490,000 | | | | 510,649 | |
| | | | | | | | 35,747,848 | |
| South Dakota - 0.5% | |
| City of Brandon SD Sales Tax Revenue, 5.00%, 08/01/2037 (Callable 08/01/2030) | | | 1,880,000 | | | | 2,014,010 | |
| City of Rapid City SD Airport Revenue, 4.00%, 12/01/2035 (Callable 12/01/2029) | | | 3,260,000 | | | | 3,203,441 | |
| County of Minnehaha SD, 5.00%, 12/01/2041 (Callable 12/01/2032) | | | 1,000,000 | | | | 1,108,916 | |
| South Dakota Health & Educational Facilities Authority | |
| 3.00%, 09/01/2029 (Callable 09/01/2028) | | | 380,000 | | | | 359,689 | |
| 3.00%, 09/01/2030 (Callable 09/01/2028) | | | 175,000 | | | | 164,127 | |
| 4.00%, 11/01/2034 (Callable 11/01/2024) | | | 4,390,000 | | | | 4,395,116 | |
| 4.00%, 11/01/2040 (Callable 11/01/2025) | | | 325,000 | | | | 318,720 | |
| 3.00%, 09/01/2041 (Callable 09/01/2028) | | | 250,000 | | | | 197,343 | |
| South Dakota Housing Development Authority | |
| 4.00%, 05/01/2049 (Callable 05/01/2028) | | | 1,320,000 | | | | 1,308,978 | |
| 5.00%, 05/01/2053 (Callable 11/01/2031) | | | 2,890,000 | | | | 2,960,997 | |
| 6.25%, 05/01/2055 (Callable 05/01/2032) | | | 1,000,000 | | | | 1,092,565 | |
| | | | | | | | 17,123,902 | |
| Tennessee - 2.7% | |
Chattanooga Health Educational & Housing Facility Board, 3.90%, 05/01/2039 (Callable 04/01/2024) (a) | | | 4,000,000 | | | | 4,000,000 | |
| City of Clarksville TN Electric System Revenue, 4.13%, 09/01/2039 (Callable 09/01/2032) | | | 1,000,000 | | | | 1,033,960 | |
| City of Jackson TN | |
| 5.00%, 04/01/2029 (Callable 04/01/2025) | | | 1,125,000 | | | | 1,138,208 | |
| 5.00%, 04/01/2029 (Callable 04/01/2025) | | | 30,000 | | | | 30,351 | |
| 5.00%, 04/01/2036 (Callable 04/01/2025) | | | 3,205,000 | | | | 3,236,432 | |
| 5.00%, 04/01/2036 (Callable 04/01/2025) | | | 60,000 | | | | 60,703 | |
| City of Memphis TN Gas Revenue | |
| 4.00%, 12/01/2033 (Callable 12/01/2026) | | | 1,300,000 | | | | 1,315,034 | |
| 4.00%, 12/01/2033 (Callable 12/01/2027) | | | 480,000 | | | | 494,842 | |
| 4.00%, 12/01/2034 (Callable 12/01/2026) | | | 1,310,000 | | | | 1,322,137 | |
Cleveland Housing Authority, 4.00%, 08/01/2026 (a)(b) | | | 3,380,000 | | | | 3,397,884 | |
| County of Putnam TN, 2.00%, 04/01/2035 (Callable 04/01/2030) | | | 3,875,000 | | | | 3,186,124 | |
| Knox County Health Educational & Housing Facility Board | |
| 5.00%, 01/01/2025 (Callable 05/02/2024) | | | 1,190,000 | | | | 1,190,804 | |
| 5.00%, 01/01/2026 (Callable 05/02/2024) | | | 145,000 | | | | 146,181 | |
0.65%, 12/01/2026 (a) | | | 1,200,000 | | | | 1,162,039 | |
3.95%, 12/01/2027 (a) | | | 2,425,000 | | | | 2,407,847 | |
| 5.00%, 07/01/2031 | | | 185,000 | | | | 205,961 | |
| 5.00%, 07/01/2033 | | | 675,000 | | | | 768,911 | |
| Knoxville's Community Development Corp., 4.25%, 10/01/2024 | | | 500,000 | | | | 500,614 | |
Memphis-Shelby County Airport Authority, 5.00%, 07/01/2025 (c) | | | 2,350,000 | | | | 2,380,808 | |
| Memphis-Shelby County Industrial Development Board, 4.00%, 04/01/2038 (Callable 04/01/2031) | | | 535,000 | | | | 549,365 | |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | |
| 3.00%, 10/01/2024 | | | 70,000 | | | | 69,244 | |
5.00%, 12/01/2026 (Callable 12/01/2025) (a) | | | 2,492,000 | | | | 2,529,174 | |
| 5.00%, 05/01/2037 (Callable 05/01/2033) | | | 720,000 | | | | 806,578 | |
| 5.00%, 05/01/2039 (Callable 05/01/2033) | | | 500,000 | | | | 552,469 | |
| 5.00%, 05/01/2040 (Callable 05/01/2033) | | | 725,000 | | | | 795,130 | |
| 5.25%, 05/01/2053 (Callable 05/01/2033) | | | 2,000,000 | | | | 2,146,469 | |
| Metropolitan Government Nashville & Davidson County Sports Authority | |
| 5.00%, 07/01/2036 (Callable 01/01/2034) | | | 1,695,000 | | | | 1,968,462 | |
| 5.00%, 07/01/2036 (Callable 01/01/2034) | | | 500,000 | | | | 574,307 | |
| 5.00%, 07/01/2037 (Callable 01/01/2034) | | | 1,000,000 | | | | 1,149,449 | |
| Metropolitan Government of Nashville & Davidson County TN, 3.00%, 01/01/2034 (Callable 01/01/2031) | | | 2,010,000 | | | | 1,963,223 | |
| Tennergy Corp./TN | |
| 5.50%, 12/01/2030 | | | 3,470,000 | | | | 3,714,475 | |
5.50%, 10/01/2053 (Callable 09/01/2030) (a) | | | 11,550,000 | | | | 12,342,417 | |
| Tennessee Energy Acquisition Corp., 5.00%, 02/01/2027 | | | 195,000 | | | | 198,643 | |
| Tennessee Housing Development Agency | |
| 3.60%, 01/01/2031 (Callable 04/22/2024) | | | 1,105,000 | | | | 1,099,640 | |
| 3.10%, 07/01/2036 (Callable 01/01/2026) | | | 245,000 | | | | 225,985 | |
| 3.55%, 07/01/2039 (Callable 07/01/2024) | | | 180,000 | | | | 169,355 | |
| 4.00%, 01/01/2042 (Callable 07/01/2026) | | | 75,000 | | | | 74,380 | |
| 3.60%, 07/01/2042 (Callable 01/01/2027) | | | 205,000 | | | | 188,335 | |
| 4.00%, 07/01/2043 (Callable 04/22/2024) | | | 100,000 | | | | 96,525 | |
| 4.45%, 07/01/2043 (Callable 07/01/2032) | | | 2,300,000 | | | | 2,301,238 | |
| 3.50%, 07/01/2045 (Callable 01/01/2025) | | | 1,835,000 | | | | 1,811,795 | |
| 4.00%, 07/01/2045 (Callable 01/01/2025) | | | 25,000 | | | | 24,856 | |
| 3.50%, 01/01/2047 (Callable 01/01/2026) | | | 20,000 | | | | 19,733 | |
| 4.50%, 07/01/2049 (Callable 01/01/2028) | | | 435,000 | | | | 435,124 | |
| 3.75%, 01/01/2050 (Callable 01/01/2029) | | | 625,000 | | | | 615,469 | |
| 4.25%, 01/01/2050 (Callable 07/01/2028) | | | 465,000 | | | | 462,845 | |
| 5.00%, 01/01/2053 (Callable 07/01/2031) | | | 2,920,000 | | | | 3,008,909 | |
| 6.25%, 01/01/2054 (Callable 07/01/2032) | | | 13,450,000 | | | | 14,668,175 | |
| | | | | | | | 82,540,609 | |
| Texas - 10.6% | |
| Alamo Community College District | |
| 5.00%, 08/15/2038 (Callable 08/15/2027) | | | 1,040,000 | | | | 1,089,504 | |
| 4.50%, 08/15/2042 (Callable 08/15/2031) | | | 750,000 | | | | 778,775 | |
Alvarado Independent School District, 2.75%, 02/15/2052 (a) | | | 500,000 | | | | 492,614 | |
| Arlington Higher Education Finance Corp. | |
| 4.00%, 08/15/2028 (Callable 08/15/2026) | | | 250,000 | | | | 253,522 | |
| 5.00%, 08/15/2028 | | | 980,000 | | | | 1,053,509 | |
| 4.00%, 08/15/2029 | | | 325,000 | | | | 335,394 | |
| 5.00%, 08/15/2029 | | | 560,000 | | | | 613,000 | |
| 4.00%, 08/15/2030 | | | 415,000 | | | | 430,547 | |
| 5.00%, 08/15/2030 | | | 605,000 | | | | 673,858 | |
| 5.00%, 08/15/2031 | | | 585,000 | | | | 661,246 | |
| 5.00%, 08/15/2032 | | | 660,000 | | | | 755,957 | |
| 4.00%, 08/15/2036 (Callable 08/15/2029) | | | 1,150,000 | | | | 1,164,374 | |
| 4.00%, 08/15/2037 (Callable 08/15/2031) | | | 765,000 | | | | 769,484 | |
| 4.00%, 02/15/2040 (Callable 02/15/2025) | | | 805,000 | | | | 782,403 | |
| 4.13%, 08/15/2042 (Callable 08/15/2031) | | | 2,920,000 | | | | 2,886,360 | |
| Arlington Housing Finance Corp. | |
4.50%, 04/01/2041 (Callable 04/01/2026) (a) | | | 5,415,000 | | | | 5,497,942 | |
3.50%, 11/01/2043 (Callable 05/01/2025) (a) | | | 5,000,000 | | | | 4,982,774 | |
| Austin-Bergstrom Landhost Enterprises, Inc. | |
| 5.00%, 10/01/2032 (Callable 10/01/2027) | | | 1,000,000 | | | | 1,033,618 | |
| 5.00%, 10/01/2035 (Callable 10/01/2027) | | | 1,250,000 | | | | 1,288,139 | |
| 5.00%, 10/01/2036 (Callable 10/01/2027) | | | 885,000 | | | | 904,737 | |
| Barker Cypress Municipal Utility District, 4.00%, 04/01/2028 (Callable 05/02/2024) | | | 1,125,000 | | | | 1,118,122 | |
Baytown Municipal Development District, 3.50%, 10/01/2031 (b) | | | 1,020,000 | | | | 868,114 | |
Bexar County Housing Finance Corp., 4.05%, 03/01/2028 (Callable 09/01/2025) (a) | | | 1,000,000 | | | | 1,003,071 | |
Boerne Independent School District, 3.85%, 12/01/2043 (a) | | | 2,525,000 | | | | 2,564,082 | |
| Brazoria County Municipal Utility District No 61, 4.00%, 09/01/2036 (Callable 09/01/2028) | | | 685,000 | | | | 687,095 | |
Brazoria County Toll Road Authority, 0.00%, 03/01/2040 (Callable 03/01/2030) (d) | | | 1,075,000 | | | | 1,000,316 | |
| Brazos County Municipal Utility District No 1 | |
| 4.00%, 09/01/2035 (Callable 09/01/2030) | | | 275,000 | | | | 279,374 | |
| 4.00%, 09/01/2036 (Callable 09/01/2030) | | | 290,000 | | | | 293,190 | |
| 4.00%, 09/01/2037 (Callable 09/01/2030) | | | 305,000 | | | | 306,531 | |
Capital Area Housing Finance Corp., 3.65%, 01/01/2041 (Callable 07/01/2025) (a) | | | 1,050,000 | | | | 1,043,571 | |
| Cedar Port Navigation & Improvement District | |
| 5.00%, 09/01/2025 | | | 1,700,000 | | | | 1,725,546 | |
| 5.00%, 09/01/2026 | | | 1,700,000 | | | | 1,748,304 | |
| Central Texas Regional Mobility Authority, 4.00%, 01/01/2040 (Callable 01/01/2031) | | | 1,250,000 | | | | 1,253,957 | |
| Central Texas Turnpike System | |
0.00%, 08/15/2026 (e) | | | 5,000,000 | | | | 4,604,909 | |
0.00%, 08/15/2036 (Callable 08/15/2024) (e) | | | 1,000,000 | | | | 578,876 | |
| Chisum Independent School District, 4.00%, 08/15/2048 (Callable 08/15/2032) | | | 1,450,000 | | | | 1,409,179 | |
| City of Arlington TX Special Tax Revenue, 5.00%, 02/15/2034 (Callable 02/15/2025) | | | 825,000 | | | | 833,708 | |
City of Austin TX Airport System Revenue, 5.00%, 11/15/2025 (c) | | | 1,000,000 | | | | 1,018,459 | |
| City of Bryan TX Rural Electric System Revenue, 4.00%, 07/01/2040 (Callable 07/01/2027) | | | 250,000 | | | | 245,761 | |
| City of Conroe TX, 5.00%, 11/15/2036 (Callable 11/15/2028) | | | 500,000 | | | | 539,381 | |
| City of Dallas Housing Finance Corp. | |
5.00%, 07/01/2026 (Callable 12/01/2025) (a) | | | 2,750,000 | | | | 2,797,232 | |
3.50%, 02/01/2044 (Callable 06/01/2025) (a) | | | 1,000,000 | | | | 985,794 | |
| City of Houston TX, 5.50%, 12/01/2029 | | | 500,000 | | | | 547,215 | |
| City of Hutto TX, 4.25%, 08/01/2047 (Callable 08/01/2032) | | | 1,205,000 | | | | 1,175,079 | |
City of Magnolia TX, 5.70%, 09/01/2046 (b) | | | 955,000 | | | | 948,610 | |
| City of Mesquite TX Waterworks & Sewer System Revenue | |
| 5.00%, 03/01/2039 (Callable 03/01/2032) | | | 500,000 | | | | 555,959 | |
| 5.00%, 03/01/2040 (Callable 03/01/2032) | | | 500,000 | | | | 552,228 | |
| 5.00%, 03/01/2041 (Callable 03/01/2032) | | | 500,000 | | | | 548,843 | |
| 5.00%, 03/01/2042 (Callable 03/01/2032) | | | 500,000 | | | | 546,078 | |
| City of San Antonio TX Electric & Gas Systems Revenue | |
1.13%, 12/01/2045 (a) | | | 600,000 | | | | 544,217 | |
2.00%, 02/01/2049 (a) | | | 7,500,000 | | | | 6,974,594 | |
| City of Temple TX | |
| 4.00%, 08/01/2035 (Callable 08/01/2030) | | | 650,000 | | | | 674,576 | |
| 4.00%, 08/01/2037 (Callable 08/01/2030) | | | 200,000 | | | | 204,809 | |
| 4.00%, 08/01/2038 (Callable 08/01/2030) | | | 165,000 | | | | 167,611 | |
| 4.00%, 08/01/2039 (Callable 08/01/2030) | | | 435,000 | | | | 438,923 | |
| 4.00%, 08/01/2041 (Callable 08/01/2030) | | | 200,000 | | | | 198,744 | |
| Clifton Higher Education Finance Corp. | |
| 5.00%, 08/15/2025 | | | 360,000 | | | | 365,234 | |
| 4.00%, 08/15/2030 (Callable 08/15/2026) | | | 800,000 | | | | 814,132 | |
| 4.00%, 08/15/2032 (Callable 08/15/2026) | | | 600,000 | | | | 609,157 | |
| 4.00%, 08/15/2033 (Callable 08/15/2028) | | | 2,000,000 | | | | 2,053,519 | |
| 4.00%, 04/01/2034 (Callable 04/01/2030) | | | 325,000 | | | | 335,614 | |
| 5.00%, 08/15/2034 (Callable 08/15/2026) | | | 1,000,000 | | | | 1,031,984 | |
| 4.00%, 04/01/2035 (Callable 04/01/2030) | | | 250,000 | | | | 257,465 | |
| 4.00%, 08/15/2035 (Callable 08/15/2029) | | | 1,380,000 | | | | 1,417,790 | |
| Collin County Municipal Utility District No 2 | |
| 4.75%, 09/01/2036 (Callable 10/01/2029) | | | 1,470,000 | | | | 1,543,556 | |
| 5.13%, 09/01/2048 (Callable 10/01/2029) | | | 1,500,000 | | | | 1,556,080 | |
| Colony Municipal Utility District No 1A | |
| 7.00%, 08/15/2026 | | | 265,000 | | | | 283,502 | |
| 7.00%, 08/15/2029 | | | 310,000 | | | | 358,672 | |
| 5.00%, 08/15/2030 (Callable 08/15/2029) | | | 330,000 | | | | 349,688 | |
| Colony Municipal Utility District No 1B, 4.00%, 08/15/2037 (Callable 08/15/2029) | | | 710,000 | | | | 708,832 | |
| Comal County Water Control & Improvement District No 6 | |
| 4.00%, 03/01/2031 (Callable 03/01/2028) | | | 560,000 | | | | 574,519 | |
| 4.00%, 03/01/2032 (Callable 03/01/2028) | | | 690,000 | | | | 706,918 | |
| 4.00%, 03/01/2033 (Callable 03/01/2028) | | | 720,000 | | | | 736,469 | |
| 4.38%, 03/01/2033 (Callable 03/01/2028) | | | 425,000 | | | | 440,519 | |
| 4.00%, 03/01/2034 (Callable 03/01/2028) | | | 750,000 | | | | 765,815 | |
| 4.38%, 03/01/2034 (Callable 03/01/2028) | | | 445,000 | | | | 460,447 | |
| 4.38%, 03/01/2035 (Callable 03/01/2028) | | | 475,000 | | | | 489,731 | |
| 4.38%, 03/01/2036 (Callable 03/01/2028) | | | 500,000 | | | | 513,881 | |
| 4.38%, 03/01/2037 (Callable 03/01/2028) | | | 530,000 | | | | 542,667 | |
| 4.38%, 03/01/2038 (Callable 03/01/2028) | | | 560,000 | | | | 571,346 | |
| 4.38%, 03/01/2042 (Callable 03/01/2028) | | | 1,250,000 | | | | 1,268,641 | |
| 4.38%, 03/01/2045 (Callable 03/01/2028) | | | 2,330,000 | | | | 2,352,250 | |
| Conroe Municipal Management District No 1, 4.00%, 09/01/2032 (Callable 09/01/2028) | | | 410,000 | | | | 416,067 | |
| County of Harris TX Toll Road Revenue, 5.00%, 08/15/2043 (Callable 02/15/2028) | | | 500,000 | | | | 524,160 | |
| County of Wise TX | |
| 5.00%, 08/15/2029 | | | 880,000 | | | | 940,071 | |
| 5.00%, 08/15/2033 (Callable 08/15/2031) | | | 930,000 | | | | 1,001,105 | |
| Crane Independent School District | |
| 5.00%, 02/15/2037 (Callable 02/15/2032) | | | 750,000 | | | | 848,883 | |
| 5.00%, 02/15/2039 (Callable 02/15/2032) | | | 800,000 | | | | 892,714 | |
| Dallas Fort Worth International Airport | |
5.00%, 11/01/2025 (c) | | | 1,400,000 | | | | 1,423,516 | |
5.00%, 11/01/2026 (c) | | | 1,250,000 | | | | 1,295,382 | |
| Danbury Higher Education Authority, Inc. | |
| 4.00%, 02/15/2028 (Callable 02/15/2027) | | | 250,000 | | | | 255,813 | |
| 4.00%, 02/15/2031 (Callable 02/15/2027) | | | 200,000 | | | | 205,604 | |
| Deaf Smith County Hospital District | |
| 5.00%, 03/01/2030 (Callable 03/01/2027) | | | 1,000,000 | | | | 1,025,633 | |
| 5.00%, 03/01/2034 (Callable 03/01/2027) | | | 475,000 | | | | 484,361 | |
| 4.00%, 03/01/2040 (Callable 03/01/2027) | | | 2,045,000 | | | | 1,833,628 | |
| Deer Park Independent School District, 5.00%, 08/15/2048 (Callable 08/15/2032) | | | 1,500,000 | | | | 1,626,500 | |
Dickinson Independent School District, 3.50%, 08/01/2037 (a) | | | 5,710,000 | | | | 5,706,396 | |
| East Fork Fresh Water Supply District No 1-A | |
| 4.75%, 09/01/2039 (Callable 12/01/2029) | | | 240,000 | | | | 245,581 | |
| 4.75%, 09/01/2040 (Callable 12/01/2029) | | | 290,000 | | | | 295,967 | |
El Paso Housing Finance Corp., 4.50%, 03/01/2026 (a) | | | 1,500,000 | | | | 1,503,030 | |
El Paso Independent School District, 5.00%, 02/01/2040 (Callable 02/01/2026) (a) | | | 2,575,000 | | | | 2,636,231 | |
| Eula Independent School District/TX, 4.13%, 02/15/2048 (Callable 02/15/2032) | | | 3,000,000 | | | | 2,975,494 | |
| Fort Bend County Municipal Utility District No 134C, 3.25%, 03/01/2035 (Callable 03/01/2029) | | | 590,000 | | | | 578,932 | |
| Fort Bend County Municipal Utility District No 134E, 4.00%, 09/01/2038 (Callable 08/01/2029) | | | 1,225,000 | | | | 1,233,445 | |
| Fort Bend County Municipal Utility District No 141, 5.00%, 09/01/2033 (Callable 09/01/2028) | | | 1,075,000 | | | | 1,138,321 | |
| Fort Bend County Municipal Utility District No 182 | |
| 4.00%, 09/01/2031 (Callable 09/01/2029) | | | 1,190,000 | | | | 1,213,369 | |
| 4.00%, 09/01/2032 (Callable 09/01/2029) | | | 1,260,000 | | | | 1,285,588 | |
| 4.00%, 09/01/2033 (Callable 09/01/2029) | | | 1,300,000 | | | | 1,325,064 | |
| 4.00%, 09/01/2034 (Callable 09/01/2029) | | | 1,380,000 | | | | 1,404,946 | |
| 4.00%, 09/01/2035 (Callable 09/01/2029) | | | 1,430,000 | | | | 1,451,448 | |
| 4.00%, 09/01/2036 (Callable 09/01/2029) | | | 1,515,000 | | | | 1,530,167 | |
| Fort Bend County Municipal Utility District No 184 | |
| 4.25%, 04/01/2038 (Callable 04/01/2027) | | | 630,000 | | | | 621,947 | |
| 4.50%, 04/01/2040 (Callable 04/01/2027) | | | 1,055,000 | | | | 1,056,309 | |
| 4.50%, 04/01/2042 (Callable 04/01/2027) | | | 1,130,000 | | | | 1,125,297 | |
| Fort Bend County Municipal Utility District No 215, 5.00%, 09/01/2033 (Callable 10/01/2030) | | | 1,240,000 | | | | 1,343,712 | |
| Fort Bend County Municipal Utility District No 5, 5.75%, 09/01/2025 | | | 325,000 | | | | 333,249 | |
| Fort Bend County Municipal Utility District No 58 | |
| 3.00%, 04/01/2034 (Callable 04/01/2029) | | | 450,000 | | | | 424,916 | |
| 3.00%, 04/01/2035 (Callable 04/01/2029) | | | 430,000 | | | | 401,846 | |
| 3.00%, 04/01/2037 (Callable 04/01/2029) | | | 825,000 | | | | 741,088 | |
Freddie Mac Multifamily ML Certificates, 3.86%, 01/25/2040 (d) | | | 5,460,076 | | | | 5,263,960 | |
| Fulshear Municipal Utility District No 3A | |
| 6.50%, 09/01/2028 | | | 120,000 | | | | 134,108 | |
| 6.50%, 09/01/2029 | | | 455,000 | | | | 518,864 | |
| 6.50%, 09/01/2029 | | | 440,000 | | | | 501,295 | |
| 4.00%, 09/01/2032 (Callable 09/01/2029) | | | 445,000 | | | | 450,814 | |
| 4.00%, 09/01/2032 (Callable 09/01/2029) | | | 325,000 | | | | 329,246 | |
| 4.00%, 09/01/2035 (Callable 09/01/2029) | | | 665,000 | | | | 671,807 | |
| 4.00%, 09/01/2036 (Callable 09/01/2029) | | | 805,000 | | | | 810,646 | |
| 4.25%, 09/01/2039 (Callable 09/01/2029) | | | 720,000 | | | | 722,322 | |
| 4.25%, 09/01/2040 (Callable 09/01/2029) | | | 700,000 | | | | 700,808 | |
| 4.25%, 09/01/2040 (Callable 09/01/2029) | | | 585,000 | | | | 585,675 | |
| 4.38%, 09/01/2042 (Callable 09/01/2029) | | | 465,000 | | | | 466,786 | |
| Galveston County Municipal Utility District No 56 | |
| 4.50%, 06/01/2035 (Callable 06/01/2030) | | | 360,000 | | | | 373,956 | |
| 4.50%, 06/01/2036 (Callable 06/01/2030) | | | 305,000 | | | | 314,589 | |
| 4.75%, 06/01/2038 (Callable 06/01/2030) | | | 1,425,000 | | | | 1,475,997 | |
| 4.75%, 06/01/2039 (Callable 06/01/2030) | | | 760,000 | | | | 784,028 | |
| 4.88%, 06/01/2040 (Callable 06/01/2030) | | | 535,000 | | | | 555,426 | |
| Grand Parkway Transportation Corp. | |
5.30%, 10/01/2032 (Callable 10/01/2028) (d) | | | 95,000 | | | | 104,585 | |
5.45%, 10/01/2034 (Callable 10/01/2028) (d) | | | 180,000 | | | | 198,993 | |
5.50%, 10/01/2035 (Callable 10/01/2028) (d) | | | 100,000 | | | | 110,709 | |
5.50%, 10/01/2036 (Callable 10/01/2028) (d) | | | 450,000 | | | | 496,279 | |
5.80%, 10/01/2045 (Callable 10/01/2028) (d) | | | 1,830,000 | | | | 2,002,379 | |
5.80%, 10/01/2046 (Callable 10/01/2028) (d) | | | 1,290,000 | | | | 1,409,011 | |
5.85%, 10/01/2047 (Callable 10/01/2028) (d) | | | 5,255,000 | | | | 5,740,349 | |
5.85%, 10/01/2048 (Callable 10/01/2028) (d) | | | 1,155,000 | | | | 1,260,300 | |
5.00%, 10/01/2052 (Callable 01/01/2028) (a) | | | 5,000,000 | | | | 5,312,081 | |
| Harris County Improvement District No 1 | |
| 4.00%, 09/01/2038 (Callable 09/01/2029) | | | 530,000 | | | | 529,622 | |
| 4.00%, 09/01/2039 (Callable 09/01/2029) | | | 590,000 | | | | 585,143 | |
| Harris County Municipal Utility District No 1 | |
| 4.00%, 09/01/2035 (Callable 08/01/2028) | | | 985,000 | | | | 999,788 | |
| 4.00%, 09/01/2036 (Callable 08/01/2028) | | | 1,030,000 | | | | 1,040,033 | |
| Harris County Municipal Utility District No 157, 4.00%, 03/01/2029 (Callable 03/01/2025) | | | 285,000 | | | | 286,250 | |
| Harris County Municipal Utility District No 165 | |
| 4.00%, 03/01/2036 (Callable 08/01/2029) | | | 1,375,000 | | | | 1,375,769 | |
| 4.00%, 03/01/2037 (Callable 08/01/2029) | | | 535,000 | | | | 530,589 | |
| 4.75%, 03/01/2038 (Callable 12/01/2029) | | | 455,000 | | | | 469,922 | |
| Harris County Municipal Utility District No 368, 4.00%, 09/01/2025 (Callable 09/01/2024) | | | 1,000,000 | | | | 1,000,619 | |
| Harris County Municipal Utility District No 423 | |
| 5.50%, 04/01/2025 | | | 425,000 | | | | 432,663 | |
| 5.50%, 04/01/2026 | | | 450,000 | | | | 467,349 | |
| 5.50%, 04/01/2027 | | | 450,000 | | | | 476,228 | |
| 5.50%, 04/01/2028 | | | 450,000 | | | | 487,007 | |
| 5.50%, 04/01/2029 | | | 475,000 | | | | 525,340 | |
| 5.50%, 04/01/2030 (Callable 04/01/2029) | | | 500,000 | | | | 555,840 | |
| Harris County Municipal Utility District No 558 | |
| 3.00%, 09/01/2032 (Callable 09/01/2029) | | | 360,000 | | | | 340,396 | |
| 3.13%, 09/01/2033 (Callable 09/01/2029) | | | 360,000 | | | | 340,438 | |
| 3.25%, 09/01/2034 (Callable 09/01/2029) | | | 360,000 | | | | 341,895 | |
| 3.38%, 09/01/2035 (Callable 09/01/2029) | | | 360,000 | | | | 344,364 | |
| 3.50%, 09/01/2036 (Callable 09/01/2029) | | | 360,000 | | | | 344,057 | |
| 3.50%, 09/01/2037 (Callable 09/01/2029) | | | 360,000 | | | | 338,574 | |
| Harris County Municipal Utility District No. 71, 4.00%, 09/01/2028 (Callable 05/02/2024) | | | 250,000 | | | | 250,159 | |
| Harris County-Houston Sports Authority | |
0.00%, 11/15/2025 (e) | | | 11,185,000 | | | | 10,474,984 | |
| 5.00%, 11/15/2053 (Callable 11/15/2024) | | | 2,220,000 | | | | 2,221,132 | |
| Harris-Waller Counties Municipal Utility District No 3 | |
| 6.00%, 09/01/2024 | | | 290,000 | | | | 292,126 | |
| 6.00%, 09/01/2025 | | | 315,000 | | | | 324,814 | |
| 6.00%, 09/01/2026 | | | 335,000 | | | | 355,760 | |
| 6.00%, 09/01/2027 | | | 365,000 | | | | 397,212 | |
| 6.00%, 09/01/2028 | | | 390,000 | | | | 434,695 | |
| Harris-Waller Counties Municipal Utility District No 4, 7.25%, 11/01/2031 (Callable 11/01/2030) | | | 330,000 | | | | 395,179 | |
| Headwaters Municipal Utility District of Hays County, 4.38%, 08/15/2038 (Callable 08/15/2029) | | | 1,015,000 | | | | 1,034,520 | |
| Highway 380 Municipal Management District No 1 | |
| 4.00%, 05/01/2035 (Callable 08/01/2029) | | | 1,310,000 | | | | 1,324,756 | |
| 4.00%, 05/01/2036 (Callable 08/01/2029) | | | 1,370,000 | | | | 1,381,717 | |
| 4.00%, 05/01/2037 (Callable 08/01/2029) | | | 1,430,000 | | | | 1,434,229 | |
Housing Options, Inc./TX, 3.90%, 02/01/2026 (Callable 02/01/2025) (a) | | | 4,000,000 | | | | 3,983,850 | |
| Houston Higher Education Finance Corp., 3.38%, 10/01/2037 (Callable 05/02/2024) | | | 1,070,000 | | | | 907,469 | |
Houston Housing Finance Corp., 5.00%, 08/01/2041 (Callable 08/01/2026) (a) | | | 3,650,000 | | | | 3,732,704 | |
| Hunt Memorial Hospital District Charitable Health, 5.00%, 02/15/2030 | | | 1,015,000 | | | | 1,066,516 | |
| Katy Development Authority | |
| 3.00%, 06/01/2032 (Callable 06/01/2027) | | | 485,000 | | | | 444,012 | |
| 3.00%, 06/01/2033 (Callable 06/01/2027) | | | 420,000 | | | | 379,595 | |
| 3.00%, 06/01/2034 (Callable 06/01/2027) | | | 575,000 | | | | 511,957 | |
| 3.00%, 06/01/2035 (Callable 06/01/2027) | | | 500,000 | | | | 438,019 | |
| 3.00%, 06/01/2039 (Callable 06/01/2027) | | | 1,125,000 | | | | 886,152 | |
| Kaufman County Fresh Water Supply District No 4A | |
| 5.00%, 09/01/2035 (Callable 12/01/2029) | | | 420,000 | | | | 441,977 | |
| 5.00%, 09/01/2036 (Callable 12/01/2029) | | | 715,000 | | | | 749,599 | |
| Kaufman County Municipal Utility District No 10, 4.00%, 03/01/2035 (Callable 03/01/2030) | | | 720,000 | | | | 729,426 | |
| Kendall County Water Control & Improvement District No 2A | |
| 5.00%, 09/01/2035 (Callable 11/01/2030) | | | 1,030,000 | | | | 1,094,031 | |
| 5.00%, 09/01/2040 (Callable 11/01/2030) | | | 790,000 | | | | 827,126 | |
| 5.50%, 09/01/2042 (Callable 11/01/2030) | | | 865,000 | | | | 940,742 | |
| 5.00%, 09/01/2046 (Callable 11/01/2030) | | | 1,000,000 | | | | 1,038,418 | |
| Lakes Fresh Water Supply District of Denton County | |
| 4.00%, 09/01/2031 (Callable 09/01/2029) | | | 680,000 | | | | 692,348 | |
| 4.00%, 09/01/2034 (Callable 09/01/2029) | | | 1,745,000 | | | | 1,763,573 | |
| 4.25%, 09/01/2040 (Callable 09/01/2029) | | | 425,000 | | | | 428,252 | |
Las Varas Public Facility Corp., 0.40%, 05/01/2025 (Callable 02/02/2024) (a) | | | 1,000,000 | | | | 995,442 | |
| Lazy Nine Municipal Utility District No 1B | |
| 2.00%, 03/01/2035 (Callable 03/01/2027) | | | 525,000 | | | | 418,052 | |
| 2.00%, 03/01/2037 (Callable 03/01/2027) | | | 530,000 | | | | 399,551 | |
Leander Independent School District, 0.00%, 08/15/2040 (Callable 08/15/2024) (e) | | | 20,000 | | | | 9,139 | |
| Lone Star College System, 5.00%, 02/15/2034 (Callable 02/15/2025) | | | 2,475,000 | | | | 2,493,622 | |
| Martin County Hospital District | |
| 4.00%, 04/01/2027 | | | 225,000 | | | | 228,965 | |
| 4.00%, 04/01/2028 | | | 430,000 | | | | 440,900 | |
| 4.00%, 04/01/2031 (Callable 04/01/2030) | | | 235,000 | | | | 244,775 | |
| 4.00%, 04/01/2033 (Callable 04/01/2030) | | | 375,000 | | | | 386,834 | |
| 4.00%, 04/01/2034 (Callable 04/01/2030) | | | 500,000 | | | | 514,411 | |
| Matagorda County Navigation District No 1 | |
4.25%, 05/01/2030 (c) | | | 2,000,000 | | | | 1,966,088 | |
| 4.40%, 05/01/2030 | | | 3,430,000 | | | | 3,508,526 | |
| Maypearl Independent School District, 5.00%, 02/15/2043 (Callable 02/15/2033) | | | 1,000,000 | | | | 1,104,730 | |
| Mckinney Municipal Utility District No 1 | |
| 3.25%, 09/01/2033 (Callable 05/01/2030) | | | 200,000 | | | | 193,472 | |
| 3.25%, 09/01/2033 (Callable 05/01/2030) | | | 60,000 | | | | 57,902 | |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue, 5.00%, 11/01/2034 (Callable 11/01/2029) | | | 560,000 | | | | 620,393 | |
| Meyer Ranch Municipal Utility District | |
| 6.50%, 08/15/2029 (Callable 08/15/2028) | | | 310,000 | | | | 346,381 | |
| 6.50%, 08/15/2030 (Callable 08/15/2028) | | | 330,000 | | | | 368,616 | |
| 6.00%, 08/15/2031 (Callable 08/15/2028) | | | 345,000 | | | | 377,689 | |
| 6.00%, 08/15/2032 (Callable 08/15/2028) | | | 365,000 | | | | 398,865 | |
| 5.00%, 08/15/2034 (Callable 08/15/2028) | | | 795,000 | | | | 835,254 | |
Midland County Fresh Water Supply District No. 1, 0.00%, 09/15/2033 (Callable 09/15/2027) (e) | | | 3,000,000 | | | | 2,018,834 | |
| Midland Independent School District, 5.00%, 02/15/2050 (Callable 02/15/2028) | | | 5,090,000 | | | | 5,286,307 | |
| Montgomery County Municipal Utility District No 121 | |
| 5.00%, 09/01/2025 | | | 355,000 | | | | 360,433 | |
| 5.00%, 09/01/2026 | | | 370,000 | | | | 380,599 | |
| 4.00%, 09/01/2031 (Callable 09/01/2028) | | | 460,000 | | | | 466,178 | |
| 4.00%, 09/01/2034 (Callable 09/01/2028) | | | 530,000 | | | | 536,435 | |
| 4.00%, 09/01/2035 (Callable 09/01/2028) | | | 550,000 | | | | 556,843 | |
| 4.00%, 09/01/2036 (Callable 09/01/2028) | | | 575,000 | | | | 580,476 | |
| 4.00%, 09/01/2039 (Callable 09/01/2028) | | | 655,000 | | | | 655,876 | |
| Montgomery County Municipal Utility District No 165 | |
| 6.50%, 09/01/2027 | | | 250,000 | | | | 273,279 | |
| 6.50%, 09/01/2028 | | | 260,000 | | | | 290,792 | |
| 6.50%, 09/01/2029 | | | 250,000 | | | | 285,750 | |
| 6.00%, 09/01/2030 (Callable 06/01/2029) | | | 200,000 | | | | 223,407 | |
| 6.00%, 09/01/2031 (Callable 06/01/2029) | | | 300,000 | | | | 335,821 | |
| Montgomery County Municipal Utility District No 88, 4.25%, 09/01/2047 (Callable 09/01/2029) | | | 1,400,000 | | | | 1,327,454 | |
| Montgomery County Municipal Utility District No 95 | |
| 4.00%, 09/01/2032 (Callable 09/01/2028) | | | 665,000 | | | | 670,247 | |
| 4.00%, 09/01/2034 (Callable 09/01/2028) | | | 785,000 | | | | 787,542 | |
| New Fairview Municipal Utility District No 1, 6.00%, 09/01/2033 (Callable 09/01/2029) | | | 245,000 | | | | 272,188 | |
| New Hope Cultural Education Facilities Finance Corp. | |
| 2.00%, 01/01/2026 | | | 685,000 | | | | 655,406 | |
| 5.00%, 07/01/2038 (Callable 07/01/2027) | | | 1,000,000 | | | | 1,027,868 | |
| 5.00%, 04/01/2048 (Callable 04/01/2026) | | | 2,315,000 | | | | 2,391,149 | |
| Newark Higher Education Finance Corp., 4.00%, 08/15/2035 (Callable 08/15/2025) | | | 425,000 | | | | 426,897 | |
| North Texas Tollway Authority | |
0.00%, 01/01/2031 (e) | | | 1,300,000 | | | | 1,032,679 | |
| 5.00%, 01/01/2033 (Callable 01/01/2026) | | | 675,000 | | | | 693,282 | |
6.75%, 09/01/2045 (Callable 09/01/2031) (d) | | | 40,000 | | | | 50,072 | |
| Northlake Municipal Management District No 1 | |
| 5.50%, 03/01/2032 (Callable 09/01/2029) | | | 1,870,000 | | | | 2,025,286 | |
| 5.00%, 03/01/2036 (Callable 09/01/2029) | | | 800,000 | | | | 843,366 | |
| 5.00%, 03/01/2037 (Callable 09/01/2029) | | | 835,000 | | | | 875,506 | |
| 5.00%, 03/01/2038 (Callable 09/01/2029) | | | 300,000 | | | | 313,064 | |
Northside Independent School District, 1.60%, 08/01/2049 (a) | | | 735,000 | | | | 727,126 | |
| Northwest Harris County Municipal Utility District No 10/TX | |
| 5.00%, 04/01/2024 | | | 640,000 | | | | 640,000 | |
| 5.00%, 04/01/2025 | | | 650,000 | | | | 656,975 | |
| 5.00%, 04/01/2026 | | | 725,000 | | | | 742,495 | |
| Pecos Barstow Toyah Independent School District, 3.25%, 02/15/2031 (Callable 02/15/2027) | | | 3,400,000 | | | | 3,403,832 | |
| Plemons-Stinnett-Phillips Consolidated School District | |
| 5.00%, 02/15/2030 (Callable 02/15/2027) | | | 850,000 | | | | 887,841 | |
| 5.00%, 02/15/2031 (Callable 02/15/2027) | | | 450,000 | | | | 469,908 | |
| 5.00%, 02/15/2032 (Callable 02/15/2027) | | | 500,000 | | | | 521,981 | |
| 5.00%, 02/15/2033 (Callable 02/15/2027) | | | 500,000 | | | | 521,424 | |
| Port Aransas Independent School District, 5.00%, 02/15/2038 (Callable 08/15/2029) | | | 1,295,000 | | | | 1,399,151 | |
Prosper Independent School District, 4.00%, 02/15/2050 (a) | | | 4,530,000 | | | | 4,567,122 | |
PSC/TX, 3.75%, 12/01/2040 (d) | | | 8,550,000 | | | | 8,237,035 | |
| Rankin Independent School District, 5.00%, 02/15/2029 (Callable 02/15/2026) | | | 2,690,000 | | | | 2,772,409 | |
| Red River Health Facilities Development Corp., 8.00%, 11/15/2049 (Callable 11/15/2024) | | | 2,425,000 | | | | 2,484,241 | |
| Redbird Ranch Fresh Water Supply District No 2 | |
| 6.63%, 09/01/2032 (Callable 09/01/2029) | | | 820,000 | | | | 941,835 | |
| 4.25%, 09/01/2034 (Callable 09/01/2029) | | | 470,000 | | | | 478,895 | |
| Sabine-Neches Navigation District | |
| 4.63%, 02/15/2047 (Callable 02/15/2031) | | | 2,000,000 | | | | 2,047,353 | |
| 5.25%, 02/15/2052 (Callable 02/15/2031) | | | 1,435,000 | | | | 1,536,668 | |
San Antonio Housing Trust Finance Corp., 1.45%, 03/01/2026 (Callable 03/01/2025) (a) | | | 1,500,000 | | | | 1,448,058 | |
| Seminole Hospital District, 3.00%, 02/15/2034 (Callable 02/15/2026) | | | 1,125,000 | | | | 780,048 | |
| Sienna Municipal Utility District No 6, 5.00%, 09/01/2034 (Callable 09/01/2029) | | | 1,650,000 | | | | 1,757,629 | |
| Southwest Houston Redevelopment Authority, 5.00%, 09/01/2027 | | | 250,000 | | | | 261,657 | |
| Spring Meadows Municipal Utility District, 4.00%, 09/01/2026 (Callable 05/02/2024) | | | 275,000 | | | | 273,827 | |
Strategic Housing Finance Corp. of Travis County, 3.35%, 03/01/2046 (Callable 10/01/2026) (a) | | | 5,000,000 | | | | 4,969,572 | |
| Sunfield Municipal Utility District No 3 | |
| 4.00%, 09/01/2044 (Callable 09/01/2029) | | | 910,000 | | | | 884,616 | |
| 4.00%, 09/01/2045 (Callable 09/01/2029) | | | 960,000 | | | | 927,631 | |
| Tarrant County Cultural Education Facilities Finance Corp. | |
| 5.00%, 11/15/2029 (Callable 11/15/2026) | | | 1,665,000 | | | | 1,688,691 | |
| 5.00%, 11/15/2030 (Callable 11/15/2026) | | | 1,750,000 | | | | 1,776,435 | |
2.75%, 02/15/2036 (Callable 04/22/2024) (a) | | | 2,960,000 | | | | 2,802,981 | |
| 5.00%, 11/15/2040 (Callable 11/15/2026) | | | 400,000 | | | | 400,996 | |
| 4.00%, 11/15/2042 (Callable 05/15/2026) | | | 500,000 | | | | 485,054 | |
| Tarrant County Hospital District, 4.00%, 08/15/2043 (Callable 08/15/2032) | | | 1,750,000 | | | | 1,753,829 | |
Tarrant County Housing Finance Corp., 5.00%, 03/01/2027 (Callable 03/01/2026) (a) | | | 2,044,000 | | | | 2,085,549 | |
Tender Option Bond Trust Receipts/Certificates, 4.40%, 06/01/2063 (a)(b) | | | 4,976,000 | | | | 4,976,000 | |
| Texas Department of Housing & Community Affairs | |
5.00%, 08/01/2026 (Callable 08/01/2025) (a) | | | 1,800,000 | | | | 1,819,824 | |
5.00%, 03/01/2041 (Callable 03/01/2025) (a) | | | 1,700,000 | | | | 1,715,428 | |
| 4.75%, 01/01/2049 (Callable 07/01/2028) | | | 2,060,000 | | | | 2,067,300 | |
| 5.00%, 01/01/2049 (Callable 01/01/2033) | | | 1,580,000 | | | | 1,623,189 | |
| 3.75%, 09/01/2049 (Callable 09/01/2028) | | | 1,290,000 | | | | 1,187,114 | |
| 5.50%, 09/01/2052 (Callable 03/01/2032) | | | 5,825,000 | | | | 6,142,505 | |
| 6.00%, 03/01/2053 (Callable 03/01/2032) | | | 970,000 | | | | 1,053,482 | |
| 5.13%, 01/01/2054 (Callable 01/01/2033) | | | 3,000,000 | | | | 3,128,918 | |
| Texas Municipal Gas Acquisition & Supply Corp. III | |
| 5.00%, 12/15/2027 | | | 1,500,000 | | | | 1,552,399 | |
| 5.00%, 12/15/2028 | | | 3,000,000 | | | | 3,128,130 | |
| 5.00%, 12/15/2032 | | | 2,180,000 | | | | 2,344,819 | |
Texas Municipal Gas Acquisition & Supply Corp. IV, 5.50%, 01/01/2054 (Callable 07/01/2033) (a) | | | 4,250,000 | | | | 4,756,846 | |
| Texas Municipal Gas Acquisition and Supply Corp. I | |
| 5.20% (3 mo. Term SOFR + 1.63%), 12/15/2026 (Callable 04/01/2024) | | | 4,100,000 | | | | 4,067,385 | |
| 6.25%, 12/15/2026 | | | 880,000 | | | | 913,277 | |
| Texas Municipal Gas Acquisition and Supply Corp. II, 4.62% (3 mo. Term SOFR + 1.05%), 09/15/2027 | | | 9,360,000 | | | | 9,362,191 | |
| Texas Municipal Power Agency, 3.00%, 09/01/2029 (Callable 09/01/2026) | | | 2,080,000 | | | | 2,056,319 | |
| Texas Public Finance Authority | |
| 5.25%, 05/01/2036 (Callable 05/01/2033) | | | 485,000 | | | | 539,809 | |
| 5.25%, 05/01/2038 (Callable 05/01/2033) | | | 400,000 | | | | 438,392 | |
| 5.25%, 05/01/2040 (Callable 05/01/2033) | | | 500,000 | | | | 543,005 | |
| 5.25%, 05/01/2042 (Callable 05/01/2033) | | | 635,000 | | | | 684,683 | |
| Texas State Affordable Housing Corp. | |
| 4.63%, 03/01/2043 (Callable 03/01/2033) | | | 3,690,000 | | | | 3,750,354 | |
3.75%, 07/01/2044 (a) | | | 2,000,000 | | | | 1,987,663 | |
| 4.75%, 03/01/2048 (Callable 03/01/2033) | | | 2,750,000 | | | | 2,777,835 | |
| 6.00%, 09/01/2054 (Callable 03/01/2034) | | | 8,000,000 | | | | 8,825,704 | |
| Texas State Technical College, 5.75%, 08/01/2047 (Callable 08/01/2032) | | | 4,000,000 | | | | 4,550,842 | |
THF Public Facility Corp., 3.25%, 03/01/2040 (Callable 09/01/2024) (a) | | | 1,500,000 | | | | 1,477,107 | |
| Tioga Independent School District Public Facility Corp., 3.25%, 08/15/2027 (Callable 08/15/2024) | | | 200,000 | | | | 190,573 | |
Travis County Housing Finance Corp., 3.75%, 08/01/2026 (a) | | | 3,000,000 | | | | 2,984,102 | |
| Travis County Municipal Utility District No 20, 5.00%, 09/01/2031 | | | 175,000 | | | | 195,220 | |
| Travis County Municipal Utility District No. 4, 4.00%, 09/01/2035 (Callable 05/02/2024) | | | 615,000 | | | | 615,047 | |
| Tri-County Behavioral Healthcare | |
| 3.90%, 11/01/2039 (Callable 11/01/2034) | | | 1,755,000 | | | | 1,736,321 | |
| 4.00%, 11/01/2054 (Callable 11/01/2034) | | | 500,000 | | | | 440,758 | |
| Upper Trinity Regional Water District, 5.00%, 08/01/2032 (Callable 08/01/2028) | | | 265,000 | | | | 287,966 | |
| Viridian Municipal Management District | |
| 4.00%, 12/01/2027 (Callable 05/02/2024) | | | 315,000 | | | | 315,077 | |
| 4.00%, 12/01/2028 (Callable 05/02/2024) | | | 470,000 | | | | 470,130 | |
| 5.00%, 12/01/2029 | | | 375,000 | | | | 400,794 | |
| 5.00%, 12/01/2030 (Callable 12/01/2029) | | | 220,000 | | | | 235,048 | |
| 5.00%, 12/01/2030 (Callable 12/01/2029) | | | 400,000 | | | | 427,360 | |
| 5.00%, 12/01/2031 (Callable 12/01/2029) | | | 400,000 | | | | 426,200 | |
| 5.00%, 12/01/2031 (Callable 12/01/2029) | | | 245,000 | | | | 261,047 | |
| 5.50%, 12/01/2032 (Callable 12/01/2029) | | | 415,000 | | | | 433,358 | |
| 5.00%, 12/01/2032 (Callable 12/01/2029) | | | 650,000 | | | | 690,339 | |
| 5.00%, 12/01/2032 (Callable 12/01/2029) | | | 360,000 | | | | 382,342 | |
| 5.00%, 12/01/2034 (Callable 12/01/2029) | | | 565,000 | | | | 597,742 | |
| 5.75%, 12/01/2037 (Callable 12/01/2029) | | | 690,000 | | | | 712,546 | |
| 4.00%, 12/01/2037 (Callable 12/01/2027) | | | 865,000 | | | | 863,378 | |
| 5.00%, 12/01/2038 (Callable 12/01/2029) | | | 605,000 | | | | 629,254 | |
| 5.00%, 12/01/2040 (Callable 12/01/2029) | | | 455,000 | | | | 470,019 | |
| 5.00%, 12/01/2041 (Callable 12/01/2029) | | | 750,000 | | | | 773,141 | |
| 5.00%, 12/01/2042 (Callable 12/01/2029) | | | 400,000 | | | | 412,013 | |
| 6.00%, 12/01/2043 (Callable 12/01/2029) | | | 1,260,000 | | | | 1,297,601 | |
| 5.00%, 12/01/2045 (Callable 12/01/2029) | | | 100,000 | | | | 102,565 | |
| 5.00%, 12/01/2049 (Callable 12/01/2029) | | | 1,030,000 | | | | 1,051,568 | |
| 6.25%, 12/01/2049 (Callable 12/01/2029) | | | 1,300,000 | | | | 1,345,851 | |
| Waller County Road Improvement District No 1 | |
| 6.00%, 03/01/2032 (Callable 03/01/2029) | | | 350,000 | | | | 389,204 | |
| 6.00%, 03/01/2035 (Callable 03/01/2029) | | | 800,000 | | | | 884,199 | |
| 4.00%, 03/01/2037 (Callable 03/01/2029) | | | 885,000 | | | | 889,135 | |
| 4.00%, 03/01/2039 (Callable 03/01/2029) | | | 985,000 | | | | 957,744 | |
| 4.00%, 03/01/2041 (Callable 03/01/2029) | | | 1,090,000 | | | | 1,051,232 | |
| Washington County Junior College District, 5.00%, 10/01/2028 (Callable 04/01/2026) | | | 500,000 | | | | 514,685 | |
| Williamson County Municipal Utility District No 31 | |
| 6.50%, 08/15/2029 (Callable 08/15/2028) | | | 295,000 | | | | 330,507 | |
| 5.00%, 08/15/2030 (Callable 08/15/2028) | | | 310,000 | | | | 328,220 | |
| 4.00%, 08/15/2033 (Callable 08/15/2028) | | | 720,000 | | | | 731,461 | |
| 4.00%, 08/15/2035 (Callable 08/15/2028) | | | 805,000 | | | | 817,348 | |
| Willow Point Municipal Utility District | |
| 3.00%, 09/01/2032 (Callable 09/01/2030) | | | 560,000 | | | | 533,063 | |
| 3.13%, 09/01/2033 (Callable 09/01/2030) | | | 560,000 | | | | 535,606 | |
| 3.25%, 09/01/2034 (Callable 09/01/2030) | | | 560,000 | | | | 537,926 | |
| Wimberley Independent School District, 4.00%, 08/15/2031 (Callable 08/15/2027) | | | 355,000 | | | | 364,988 | |
| | | | | | | | 418,336,676 | |
Guam - 0.0%(f) | |
| Guam Government Waterworks Authority | |
| 5.00%, 07/01/2025 | | | 450,000 | | | | 457,880 | |
| 5.00%, 07/01/2025 | | | 350,000 | | | | 356,129 | |
| | | | | | | | 814,009 | |
| Utah - 1.5% | |
| City of Herriman City UT Water Revenue, 4.00%, 01/01/2041 (Callable 01/01/2031) | | | 500,000 | | | | 500,990 | |
| City of Salt Lake City UT Airport Revenue | |
5.00%, 07/01/2025 (c) | | | 525,000 | | | | 531,947 | |
5.00%, 07/01/2028 (c) | | | 1,000,000 | | | | 1,061,595 | |
| 5.00%, 07/01/2030 (Callable 07/01/2027) | | | 155,000 | | | | 164,360 | |
| 5.00%, 07/01/2042 (Callable 07/01/2027) | | | 4,140,000 | | | | 4,297,359 | |
County of Emery UT, 4.15%, 11/01/2024 (Callable 04/01/2024) (a) | | | 5,000,000 | | | | 5,000,000 | |
| County of Utah UT | |
| 5.00%, 05/15/2041 (Callable 05/15/2026) | | | 6,970,000 | | | | 7,139,168 | |
5.00%, 05/15/2060 (Callable 02/01/2026) (a) | | | 3,045,000 | | | | 3,141,263 | |
| Grand County School District Local Building Authority, 5.00%, 12/15/2037 (Callable 12/15/2025) | | | 870,000 | | | | 884,831 | |
| Utah Charter School Finance Authority | |
| 0.00%, 04/15/2025 | | | 410,000 | | | | 390,805 | |
| 3.00%, 04/15/2027 | | | 310,000 | | | | 302,672 | |
| 5.00%, 04/15/2027 (Callable 04/15/2026) | | | 365,000 | | | | 375,507 | |
| 5.00%, 04/15/2028 (Callable 04/15/2026) | | | 720,000 | | | | 741,834 | |
| 4.00%, 04/15/2029 | | | 225,000 | | | | 229,670 | |
| 5.00%, 10/15/2029 (Callable 10/15/2027) | | | 500,000 | | | | 524,523 | |
| 4.00%, 04/15/2030 | | | 1,120,000 | | | | 1,130,893 | |
| 5.00%, 10/15/2031 (Callable 10/15/2027) | | | 500,000 | | | | 523,967 | |
| 5.00%, 10/15/2032 (Callable 10/15/2027) | | | 310,000 | | | | 324,482 | |
| 5.00%, 10/15/2036 (Callable 04/22/2024) | | | 700,000 | | | | 700,514 | |
| 4.00%, 04/15/2037 (Callable 04/15/2032) | | | 500,000 | | | | 501,366 | |
| 5.00%, 04/15/2037 (Callable 04/15/2026) | | | 925,000 | | | | 945,085 | |
| 5.00%, 04/15/2037 (Callable 04/15/2026) | | | 520,000 | | | | 532,520 | |
| 4.00%, 04/15/2042 (Callable 04/15/2032) | | | 480,000 | | | | 455,453 | |
| 5.00%, 10/15/2043 (Callable 10/15/2027) | | | 1,000,000 | | | | 1,021,860 | |
| Utah Housing Corp. | |
| 4.00%, 01/01/2045 (Callable 01/01/2026) | | | 120,000 | | | | 119,215 | |
| 4.50%, 10/21/2052 | | | 2,935,201 | | | | 2,881,348 | |
| 6.00%, 12/21/2052 | | | 2,156,863 | | | | 2,276,851 | |
| 6.00%, 02/21/2053 | | | 2,879,225 | | | | 3,020,738 | |
| 6.50%, 05/21/2053 | | | 1,442,916 | | | | 1,574,007 | |
| 6.00%, 06/21/2053 | | | 1,983,307 | | | | 2,094,418 | |
| 6.00%, 07/01/2053 (Callable 01/01/2032) | | | 2,080,000 | | | | 2,241,499 | |
| 6.50%, 08/21/2053 | | | 1,888,405 | | | | 2,077,759 | |
| Utah Telecommunication Open Infrastructure Agency | |
| 4.38%, 06/01/2040 (Callable 06/01/2032) | | | 1,750,000 | | | | 1,801,209 | |
| 5.50%, 06/01/2040 (Callable 06/01/2032) | | | 1,150,000 | | | | 1,307,694 | |
| | | | | | | | 50,817,402 | |
Vermont - 0.0%(f) | |
| City of Burlington VT, 5.00%, 07/01/2028 (Callable 07/01/2027) | | | 275,000 | | | | 292,602 | |
| Vermont Educational & Health Buildings Financing Agency | |
| 5.00%, 10/15/2024 | | | 1,400,000 | | | | 1,395,170 | |
| 5.00%, 10/15/2025 | | | 615,000 | | | | 612,452 | |
| 5.00%, 12/01/2039 (Callable 06/01/2026) | | | 500,000 | | | | 509,356 | |
| Vermont Housing Finance Agency, 3.65%, 11/01/2032 (Callable 11/01/2024) | | | 95,000 | | | | 95,047 | |
| Vermont Public Power Supply Authority, 5.00%, 07/01/2028 (Callable 07/01/2027) | | | 500,000 | | | | 519,566 | |
| | | | | | | | 3,424,193 | |
| Virginia - 1.7% | |
| Arlington County Industrial Development Authority, 5.00%, 01/01/2026 | | | 5,000,000 | | | | 5,099,468 | |
Charles City County Economic Development Authority, 2.88%, 02/01/2029 (Callable 11/01/2026) (d) | | | 2,330,000 | | | | 2,208,931 | |
| Farmville Industrial Development Authority, 5.38%, 07/01/2053 (Callable 07/01/2028) | | | 11,100,000 | | | | 11,882,574 | |
| Fredericksburg Economic Development Authority, 5.00%, 06/15/2030 (Callable 06/15/2024) | | | 1,000,000 | | | | 1,002,502 | |
| Isle Wight County Industrial Development Authority | |
| 5.00%, 07/01/2035 (Callable 07/01/2033) | | | 945,000 | | | | 1,063,262 | |
| 5.00%, 07/01/2036 (Callable 07/01/2033) | | | 500,000 | | | | 560,714 | |
| 5.25%, 07/01/2043 (Callable 07/01/2033) | | | 1,000,000 | | | | 1,114,485 | |
Louisa Industrial Development Authority, 3.65%, 11/01/2035 (a) | | | 2,800,000 | | | | 2,795,714 | |
Norfolk Redevelopment & Housing Authority, 5.00%, 05/01/2043 (Callable 05/01/2026) (a) | | | 1,500,000 | | | | 1,529,036 | |
Portsmouth Redevelopment & Housing Authority, 3.50%, 07/01/2025 (Callable 07/01/2024) (a) | | | 3,500,000 | | | | 3,488,691 | |
Richmond Redevelopment & Housing Authority, 4.25%, 03/01/2026 (Callable 03/01/2025) (a) | | | 2,775,000 | | | | 2,783,594 | |
| Virginia Beach Development Authority, 5.38%, 09/01/2029 (Callable 09/01/2026) | | | 2,500,000 | | | | 2,600,460 | |
| Virginia College Building Authority | |
| 5.25%, 01/01/2026 | | | 995,000 | | | | 1,021,224 | |
| 5.00%, 06/01/2027 | | | 300,000 | | | | 308,755 | |
| 4.00%, 02/01/2034 (Callable 02/01/2031) | | | 2,000,000 | | | | 2,121,794 | |
| Virginia Housing Development Authority, 3.45%, 04/01/2038 (Callable 04/22/2024) | | | 2,815,000 | | | | 2,658,772 | |
| Virginia Small Business Financing Authority | |
| 5.25%, 10/01/2029 (Callable 10/01/2024) | | | 2,500,000 | | | | 2,514,683 | |
| 5.00%, 10/01/2042 (Callable 10/01/2032) | | | 1,105,000 | | | | 1,207,592 | |
| | | | | | | | 45,962,251 | |
| Washington - 1.5% | |
| Eastern Washington University, 3.00%, 10/01/2033 (Callable 10/01/2026) | | | 600,000 | | | | 563,198 | |
| FYI Properties, 5.00%, 06/01/2038 (Callable 06/01/2028) | | | 1,500,000 | | | | 1,586,625 | |
| Grant County Public Hospital District No 1 | |
| 5.25%, 12/01/2026 | | | 650,000 | | | | 675,652 | |
| 5.25%, 12/01/2027 | | | 1,250,000 | | | | 1,320,709 | |
| 5.25%, 12/01/2028 | | | 1,315,000 | | | | 1,408,196 | |
Grant County Public Utility District No 2 Electric Revenue, 2.00%, 01/01/2044 (Callable 09/01/2025) (a) | | | 350,000 | | | | 341,577 | |
| King County Housing Authority | |
| 5.00%, 01/01/2028 (Callable 01/01/2027) | | | 2,110,000 | | | | 2,193,231 | |
| 4.00%, 06/01/2029 | | | 800,000 | | | | 819,185 | |
| King County Public Hospital District No 1 | |
| 5.00%, 12/01/2029 (Callable 12/01/2028) | | | 1,050,000 | | | | 1,126,649 | |
| 5.00%, 12/01/2030 (Callable 12/01/2026) | | | 1,650,000 | | | | 1,704,733 | |
| 5.00%, 12/01/2032 (Callable 12/01/2026) | | | 2,100,000 | | | | 2,161,053 | |
| 5.00%, 12/01/2036 (Callable 12/01/2026) | | | 550,000 | | | | 561,932 | |
| King County Public Hospital District No 2 | |
| 5.00%, 12/01/2039 (Callable 12/01/2033) | | | 1,490,000 | | | | 1,648,849 | |
| 5.00%, 12/01/2040 (Callable 12/01/2033) | | | 2,230,000 | | | | 2,450,751 | |
| 5.00%, 12/01/2041 (Callable 12/01/2033) | | | 1,570,000 | | | | 1,707,958 | |
| 5.00%, 12/01/2042 (Callable 12/01/2033) | | | 1,930,000 | | | | 2,088,251 | |
| Pend Oreille County Public Utility District No 1 Box Canyon | |
| 5.00%, 01/01/2028 | | | 220,000 | | | | 229,697 | |
| 5.00%, 01/01/2031 (Callable 01/01/2028) | | | 115,000 | | | | 120,421 | |
| 5.00%, 01/01/2038 (Callable 01/01/2029) | | | 2,500,000 | | | | 2,575,745 | |
| 5.00%, 01/01/2039 (Callable 01/01/2028) | | | 1,500,000 | | | | 1,533,687 | |
| Pike Place Market Preservation & Development Authority, 5.00%, 12/01/2040 (Callable 12/01/2025) | | | 500,000 | | | | 501,861 | |
| Public Hospital District 1A of Whitman County | |
| 5.50%, 12/01/2038 (Callable 12/01/2033) | | | 375,000 | | | | 426,148 | |
| 5.50%, 12/01/2043 (Callable 12/01/2033) | | | 735,000 | | | | 815,412 | |
| Seattle Housing Authority, 4.00%, 09/01/2025 (Callable 03/01/2025) | | | 5,000,000 | | | | 5,002,771 | |
| State of Washington | |
| 5.00%, 07/01/2035 (Callable 07/01/2028) | | | 805,000 | | | | 869,805 | |
| 5.00%, 07/01/2042 (Callable 07/01/2028) | | | 1,330,000 | | | | 1,400,370 | |
| Tacoma Metropolitan Park District | |
| 4.00%, 12/01/2024 | | | 1,175,000 | | | | 1,168,428 | |
| 5.00%, 12/01/2024 | | | 1,485,000 | | | | 1,489,060 | |
| 5.00%, 12/01/2024 | | | 570,000 | | | | 571,558 | |
| 5.00%, 12/01/2024 | | | 265,000 | | | | 265,725 | |
| 5.00%, 12/01/2025 | | | 375,000 | | | | 379,930 | |
| 4.00%, 12/01/2028 | | | 2,495,000 | | | | 2,481,770 | |
| 4.00%, 12/01/2029 (Callable 12/01/2028) | | | 1,735,000 | | | | 1,738,297 | |
| 4.00%, 12/01/2030 (Callable 12/01/2028) | | | 795,000 | | | | 795,594 | |
| 4.00%, 12/01/2030 (Callable 12/01/2026) | | | 550,000 | | | | 547,391 | |
| 4.00%, 12/01/2031 (Callable 12/01/2027) | | | 410,000 | | | | 409,009 | |
| 5.00%, 12/01/2033 (Callable 12/01/2027) | | | 585,000 | | | | 606,396 | |
| 5.00%, 12/01/2033 (Callable 12/01/2026) | | | 500,000 | | | | 512,246 | |
| 5.00%, 12/01/2035 (Callable 12/01/2027) | | | 335,000 | | | | 344,945 | |
| 5.00%, 12/01/2036 (Callable 12/01/2027) | | | 500,000 | | | | 512,791 | |
| Washington Health Care Facilities Authority | |
| 5.00%, 10/01/2027 | | | 2,510,000 | | | | 2,626,434 | |
| 5.00%, 08/15/2033 (Callable 02/15/2028) | | | 500,000 | | | | 529,933 | |
| 5.00%, 08/15/2037 (Callable 02/15/2028) | | | 3,015,000 | | | | 3,140,671 | |
| Washington State Housing Finance Commission | |
| 2.40%, 06/01/2025 | | | 810,000 | | | | 788,800 | |
| 3.70%, 12/01/2033 (Callable 06/01/2024) | | | 20,000 | | | | 19,839 | |
| 4.00%, 06/01/2049 (Callable 06/01/2028) | | | 355,000 | | | | 352,058 | |
| | | | | | | | 55,115,341 | |
| West Virginia - 0.1% | |
| Glenville State College, 4.00%, 06/01/2027 | | | 1,220,000 | | | | 1,182,212 | |
| West Virginia Economic Development Authority | |
1.00%, 01/01/2041 (a)(c) | | | 1,500,000 | | | | 1,415,266 | |
3.75%, 12/01/2042 (a) | | | 2,500,000 | | | | 2,498,512 | |
| West Virginia Hospital Finance Authority, 4.00%, 06/01/2029 (Callable 06/01/2026) | | | 450,000 | | | | 456,323 | |
| | | | | | | | 5,552,313 | |
| Wisconsin - 3.6% | |
| City of Monona WI Water & Sewer System Revenue, 4.00%, 02/01/2026 (Callable 02/01/2025) | | | 1,650,000 | | | | 1,655,055 | |
| County of Milwaukee WI Airport Revenue | |
5.00%, 12/01/2025 (c) | | | 820,000 | | | | 834,879 | |
5.00%, 12/01/2025 (c) | | | 680,000 | | | | 692,339 | |
| County of Waushara WI, 4.50%, 06/01/2027 (Callable 06/01/2025) | | | 2,260,000 | | | | 2,293,008 | |
| Deerfield Community School District, 4.00%, 03/01/2029 (Callable 03/01/2027) | | | 2,285,000 | | | | 2,335,134 | |
| Oak Creek-Franklin Joint School District/WI, 3.15%, 04/01/2028 (Callable 04/01/2025) | | | 5,140,000 | | | | 5,118,400 | |
| Prescott School District, 4.00%, 03/01/2037 (Callable 03/01/2030) | | | 1,500,000 | | | | 1,531,937 | |
| Public Finance Authority | |
5.00%, 10/01/2024 (b) | | | 2,725,000 | | | | 2,733,613 | |
3.00%, 04/01/2025 (b) | | | 135,000 | | | | 132,995 | |
| 5.00%, 06/15/2025 | | | 220,000 | | | | 220,751 | |
0.00%, 09/01/2028 (Callable 09/01/2026) (e) | | | 130,000 | | | | 111,022 | |
9.00%, 11/01/2028 (Callable 11/01/2027) (b) | | | 3,750,000 | | | | 3,758,088 | |
5.50%, 12/15/2028 (Callable 06/01/2025) (b) | | | 6,000,000 | | | | 6,033,276 | |
5.00%, 10/01/2029 (b) | | | 1,000,000 | | | | 1,046,901 | |
6.13%, 12/15/2029 (Callable 12/15/2027) (b) | | | 4,500,000 | | | | 4,462,338 | |
5.00%, 07/01/2030 (c) | | | 1,110,000 | | | | 1,168,766 | |
4.00%, 04/01/2032 (b) | | | 110,000 | | | | 109,182 | |
5.00%, 10/01/2034 (Callable 10/01/2029) (b) | | | 2,750,000 | | | | 2,858,362 | |
| 5.00%, 07/01/2035 (Callable 07/01/2028) | | | 400,000 | | | | 425,664 | |
5.25%, 07/01/2038 (Callable 07/01/2033) (b) | | | 700,000 | | | | 751,191 | |
4.00%, 04/01/2042 (Callable 04/01/2032) (b) | | | 50,000 | | | | 54,689 | |
| 5.00%, 10/01/2044 (Callable 04/01/2029) | | | 1,750,000 | | | | 1,813,443 | |
4.00%, 04/01/2052 (Callable 04/01/2032) (b) | | | 45,000 | | | | 49,220 | |
| University of Wisconsin Hospitals & Clinics, 5.00%, 04/01/2043 (Callable 10/01/2028) | | | 2,795,000 | | | | 2,898,913 | |
| Village of Mount Pleasant WI | |
| 3.00%, 03/01/2027 (Callable 05/02/2024) | | | 800,000 | | | | 777,237 | |
| 4.00%, 04/01/2035 (Callable 04/01/2028) | | | 1,795,000 | | | | 1,845,847 | |
| 5.00%, 04/01/2036 (Callable 04/01/2028) | | | 1,000,000 | | | | 1,067,384 | |
| 4.00%, 04/01/2037 (Callable 04/01/2028) | | | 1,000,000 | | | | 1,012,176 | |
| 5.00%, 04/01/2038 (Callable 04/01/2028) | | | 1,000,000 | | | | 1,059,821 | |
| 5.00%, 04/01/2048 (Callable 04/01/2028) | | | 565,000 | | | | 580,513 | |
| Whitehall School District, 4.00%, 03/01/2031 (Callable 03/01/2030) | | | 600,000 | | | | 623,007 | |
| Wisconsin Center District | |
0.00%, 12/15/2027 (e) | | | 525,000 | | | | 460,490 | |
0.00%, 12/15/2027 (e) | | | 220,000 | | | | 192,267 | |
| 5.00%, 12/15/2027 (Callable 06/15/2026) | | | 500,000 | | | | 518,257 | |
0.00%, 12/15/2028 (e) | | | 1,045,000 | | | | 886,361 | |
0.00%, 12/15/2028 (e) | | | 255,000 | | | | 216,289 | |
| 5.00%, 12/15/2028 (Callable 06/15/2026) | | | 345,000 | | | | 357,225 | |
0.00%, 12/15/2029 (e) | | | 315,000 | | | | 258,287 | |
0.00%, 12/15/2030 (e) | | | 1,325,000 | | | | 1,047,211 | |
0.00%, 12/15/2030 (e) | | | 460,000 | | | | 363,560 | |
0.00%, 12/15/2031 (e) | | | 50,000 | | | | 37,995 | |
0.00%, 12/15/2034 (Callable 12/15/2030) (e) | | | 615,000 | | | | 412,266 | |
0.00%, 12/15/2035 (Callable 12/15/2030) (e) | | | 2,780,000 | | | | 1,768,558 | |
5.25%, 12/15/2061 (Callable 12/15/2030) (b) | | | 1,000,000 | | | | 990,625 | |
| Wisconsin Health & Educational Facilities Authority | |
| 5.00%, 07/01/2024 | | | 250,000 | | | | 250,426 | |
| 5.00%, 11/01/2024 | | | 155,000 | | | | 154,958 | |
| 5.00%, 03/01/2025 (Callable 04/22/2024) | | | 840,000 | | | | 830,396 | |
| 5.00%, 11/01/2025 | | | 245,000 | | | | 244,659 | |
| 5.00%, 12/01/2025 | | | 135,000 | | | | 137,865 | |
| 5.00%, 03/01/2026 (Callable 04/22/2024) | | | 820,000 | | | | 803,448 | |
| 5.00%, 07/01/2026 (Callable 07/01/2024) | | | 50,000 | | | | 50,058 | |
| 5.00%, 12/01/2026 (Callable 11/01/2024) | | | 1,290,000 | | | | 1,295,670 | |
| 5.00%, 03/01/2027 (Callable 04/22/2024) | | | 1,095,000 | | | | 1,078,026 | |
5.00%, 08/01/2027 (Callable 07/01/2026) (b) | | | 13,250,000 | | | | 13,549,307 | |
| 5.00%, 02/15/2028 | | | 3,205,000 | | | | 3,397,447 | |
| 5.00%, 02/15/2028 (Callable 02/15/2027) | | | 575,000 | | | | 590,854 | |
| 5.00%, 03/01/2028 (Callable 04/22/2024) | | | 830,000 | | | | 816,747 | |
| 5.00%, 08/15/2028 (Callable 05/02/2024) | | | 1,025,000 | | | | 1,026,824 | |
| 5.00%, 11/01/2028 (Callable 11/01/2026) | | | 470,000 | | | | 465,438 | |
| 5.00%, 12/01/2028 (Callable 11/01/2026) | | | 395,000 | | | | 409,700 | |
| 5.00%, 10/01/2029 | | | 555,000 | | | | 613,380 | |
| 5.00%, 11/01/2030 (Callable 11/01/2026) | | | 515,000 | | | | 505,368 | |
| 5.00%, 12/15/2030 (Callable 12/15/2024) | | | 480,000 | | | | 484,912 | |
| 5.00%, 10/01/2031 (Callable 10/01/2029) | | | 250,000 | | | | 273,968 | |
| 5.00%, 04/01/2033 (Callable 10/01/2028) | | | 2,130,000 | | | | 2,279,872 | |
| 4.00%, 11/15/2034 (Callable 05/15/2026) | | | 1,000,000 | | | | 1,004,251 | |
| 4.00%, 08/15/2037 (Callable 08/15/2027) | | | 1,905,000 | | | | 1,889,902 | |
| 4.38%, 06/01/2039 (Callable 05/02/2024) | | | 230,000 | | | | 229,302 | |
| 5.00%, 12/15/2044 (Callable 12/15/2024) | | | 675,000 | | | | 676,453 | |
| 5.00%, 12/01/2045 (Callable 12/01/2032) | | | 2,000,000 | | | | 2,126,193 | |
| 4.00%, 11/15/2046 (Callable 05/15/2026) | | | 1,030,000 | | | | 983,742 | |
| 5.25%, 12/01/2048 (Callable 12/01/2032) | | | 3,000,000 | | | | 3,163,187 | |
5.00%, 02/15/2051 (Callable 08/15/2026) (a) | | | 1,650,000 | | | | 1,687,456 | |
5.00%, 02/15/2052 (Callable 08/15/2024) (a) | | | 1,000,000 | | | | 1,000,142 | |
5.49%, 02/15/2053 (Callable 04/01/2024) (a) | | | 10,500,000 | | | | 10,500,000 | |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue | |
| 4.00%, 03/01/2048 (Callable 03/01/2027) | | | 1,840,000 | | | | 1,825,679 | |
| 4.25%, 03/01/2049 (Callable 09/01/2028) | | | 875,000 | | | | 873,238 | |
| Wisconsin Housing & Economic Development Authority Housing Revenue | |
0.50%, 11/01/2050 (Callable 04/22/2024) (a) | | | 1,185,000 | | | | 1,150,590 | |
3.75%, 05/01/2054 (Callable 05/01/2025) (a) | | | 2,000,000 | | | | 1,994,691 | |
| | | | | | | | 115,928,691 | |
| Wyoming - 0.2% | |
| County of Laramie WY | |
| 4.00%, 05/01/2030 | | | 720,000 | | | | 750,291 | |
| 4.00%, 05/01/2032 (Callable 05/01/2031) | | | 525,000 | | | | 542,953 | |
| 4.00%, 05/01/2034 (Callable 05/01/2031) | | | 645,000 | | | | 664,303 | |
| 4.00%, 05/01/2036 (Callable 05/01/2031) | | | 600,000 | | | | 614,104 | |
| 4.00%, 05/01/2037 (Callable 05/01/2031) | | | 225,000 | | | | 228,073 | |
| Snake River Sporting Club Improvement & Service District | |
| 4.25%, 07/15/2044 (Callable 07/15/2032) | | | 1,000,000 | | | | 979,333 | |
| 5.50%, 07/15/2048 (Callable 07/15/2032) | | | 900,000 | | | | 970,460 | |
| Sublette County Hospital District, 5.00%, 06/15/2026 (Callable 06/15/2025) | | | 4,500,000 | | | | 4,489,879 | |
| Wyoming Community Development Authority | |
| 3.00%, 12/01/2044 (Callable 06/01/2024) | | | 10,000 | | | | 9,965 | |
| 4.00%, 12/01/2048 (Callable 06/01/2028) | | | 885,000 | | | | 877,676 | |
| | | | | | | | 10,127,037 | |
TOTAL MUNICIPAL BONDS (Cost $3,235,742,420) | | | | 3,225,909,970 | |
| | | | | | | | | |
U.S. TREASURY OBLIGATIONS - 1.7% | | Par | | | Value | |
| United States Treasury Note/Bond | |
| 4.25%, 01/31/2026 | | | 20,000,000 | | | | 19,846,094 | |
| 4.88%, 10/31/2028 | | | 35,000,000 | | | | 35,898,242 | |
TOTAL U.S. TREASURY OBLIGATIONS (Cost $55,685,347) | | | | 55,744,336 | |
| | | | | | | | | |
| SHORT-TERM INVESTMENTS - 0.3% | | | | | | | | |
Money Market Funds - 0.3% | | Shares | | | | | |
Federated Institutional Tax-Free Cash Trust - Class Premier, 3.34%(h) | | | 10,327,253 | | | | 10,327,253 | |
| | | | | | | | | |
TOTAL SHORT-TERM INVESTMENTS (Cost $10,327,253) | | | | 10,327,253 | |
| | | | | | | | | |
TOTAL INVESTMENTS - 100.4% (Cost $3,301,755,020) | | | $ | 3,291,981,559 | |
| Liabilities in Excess of Other Assets - (0.4)% | | | | (12,002,841 | ) |
| TOTAL NET ASSETS - 100.0% | | | | | | $ | 3,279,978,718 | |
| | | | | | | | | |
| Percentages are stated as a percent of net assets. | | | | | |
