UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number 811-22023
Nuveen Managed Accounts Portfolios Trust
(Exact name of registrant as specified in charter)
Nuveen Investments
333 West Wacker Drive, Chicago, IL 60606
(Address of principal executive offices) (Zip code)
Christopher M. Rohrbacher
Vice President and Secretary
333 West Wacker Drive,
Chicago, IL 60606
(Name and address of agent for service)
Registrant’s telephone number, including area code: (312) 917-7700
Date of fiscal year end: July 31
Date of reporting period: July 31, 2020
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policy making roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss.3507.
ITEM 1. | REPORTS TO STOCKHOLDERS. |
Fund Name | |
Municipal Total Return Managed Accounts Portfolio | NMTRX |
Total Returns as of July 31, 2020 | |||||||
Average Annual | Expense Ratios* | ||||||
Inception Date | 1-Year | 5-Year | 10-Year | Gross | Net | ||
Class I Shares | 5/31/07 | 5.00% | 5.05% | 5.66% | 0.18% | 0.12% | |
Bloomberg Barclays 7-Year Municipal Bond Index | - | 4.95% | 3.70% | 3.79% | - | - |
Effective Leverage Ratio | 8.33% |
Share Class | |
Class I | |
Dividend Yield | 2.95% |
SEC 30-Day Yield - Subsidized | 1.96% |
SEC 30-Day Yield - Unsubsidized | 1.90% |
Taxable-Equivalent Yield - Subsidized (40.8%)1 | 3.31% |
Taxable-Equivalent Yield - Unsubsidized (40.8%)1 | 3.21% |
Fund Allocation (% of net assets) | |
Long-Term Municipal Bonds | 106.1% |
Short-Term Municipal Bonds | 0.0% |
Other Assets Less Liabilities | 1.9% |
Net Assets Plus Floating Rate Obligations | 108.0% |
Floating Rate Obligations | (8.0)% |
Net Assets | 100% |
Bond Credit Quality (% of total investment exposure) | |
U.S. Guaranteed | 4.1% |
AAA | 13.2% |
AA | 41.2% |
A | 23.6% |
BBB | 12.2% |
BB or Lower | 2.9% |
N/R (not rated) | 2.8% |
Total | 100% |
Portfolio Composition (% of total investments) | |
Transportation | 21.7% |
Health Care | 18.8% |
Tax Obligation/Limited | 16.4% |
Tax Obligation/General | 16.4% |
Education and Civic Organizations | 10.0% |
Water and Sewer | 8.2% |
Other | 8.5% |
Total | 100% |
States and Territories (% of total investments) | |
Texas | 14.9% |
California | 9.3% |
Florida | 8.0% |
Indiana | 5.7% |
New York | 5.7% |
Illinois | 5.2% |
District of Columbia | 3.8% |
Pennsylvania | 3.5% |
Colorado | 3.2% |
New Jersey | 2.7% |
Washington | 2.5% |
North Carolina | 2.3% |
Ohio | 2.1% |
Louisiana | 1.8% |
Maryland | 1.8% |
Michigan | 1.7% |
Massachusetts | 1.5% |
Wisconsin | 1.4% |
Georgia | 1.4% |
Utah | 1.4% |
South Carolina | 1.4% |
Other 1 | 18.7% |
Total | 100% |
1 | See Portfolio of Investments for details on "other" States and Territories. |
Share Class | |
Class I | |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,009.12 |
Expenses Incurred During the Period | $ — |
Hypothetical Performance (5% annualized return before expenses) | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,024.86 |
Expenses Incurred During the Period | $ — |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 106.1% | ||||||
MUNICIPAL BONDS – 106.1% | ||||||
Alabama – 1.3% | ||||||
Alabama State Port Authority, Docks Facilities Revenue Bonds, Refunding Series 2017A: | ||||||
$ 1,750 | 5.000%, 10/01/25 – AGM Insured (AMT) | No Opt. Call | AA | $2,118,463 | ||
1,890 | 5.000%, 10/01/26 – AGM Insured (AMT) | No Opt. Call | AA | 2,342,863 | ||
3,980 | Baldwin County Public Building Authority, Alabama, Building Revenue Warrants, Jail Project, Series 2020, 4.000%, 3/01/45 | 3/30 at 100.00 | AA | 4,681,714 | ||
800 | Birmingham Airport Authority, Alabama, Airport Revenue Bonds, Series 2020, 5.000%, 7/01/34 – BAM Insured | 7/30 at 100.00 | AA | 1,038,136 | ||
1,270 | DCH Health Care Authority, Alabama, Healthcare Facilities Revenue Bonds, Refunding Series 2015, 5.000%, 6/01/33 | 6/25 at 100.00 | A | 1,451,508 | ||
Tuscaloosa County Board of Education, Alabama, Special Tax School Warrants, Series 2017: | ||||||
960 | 5.000%, 2/01/36 | 2/27 at 100.00 | AA- | 1,170,797 | ||
795 | 5.000%, 2/01/37 | 2/27 at 100.00 | AA- | 966,966 | ||
1,050 | 5.000%, 2/01/43 | 2/27 at 100.00 | AA- | 1,261,911 | ||
2,310 | University of South Alabama, University Facilities Revenue Bonds, Series 2019A, 5.000%, 4/01/39 – BAM Insured | 4/29 at 100.00 | AA | 2,888,909 | ||
14,805 | Total Alabama | 17,921,267 | ||||
Alaska – 0.4% | ||||||
1,100 | Alaska Housing Finance Corporation, General Obligation Bonds, State Capital Project II, Series 2015C, 5.000%, 6/01/31 | 12/25 at 100.00 | AA+ | 1,307,383 | ||
1,400 | Alaska Industrial Development and Export Authority, Power Revenue Bonds, Snettisham Hydroelectric Project, Refunding Series 2015, 5.000%, 1/01/30 (AMT) | 7/25 at 100.00 | Baa2 | 1,577,268 | ||
1,500 | Alaska Municipal Bond Bank, General Obligation Bonds, Three Series 2015, 5.250%, 10/01/31 | 4/25 at 100.00 | A+ | 1,759,110 | ||
1,000 | Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 5.000%, 6/01/46 | 8/20 at 100.00 | B3 | 1,000,260 | ||
5,000 | Total Alaska | 5,644,021 | ||||
Arizona – 1.4% | ||||||
Arizona Board of Regents, Arizona State University System Revenue Bonds, Series 2017A: | ||||||
1,000 | 5.000%, 7/01/36 | 7/24 at 100.00 | AA | 1,154,320 | ||
1,000 | 5.000%, 7/01/37 | 7/24 at 100.00 | AA | 1,152,580 | ||
1,250 | 5.000%, 7/01/38 | 7/24 at 100.00 | AA | 1,438,738 | ||
1,000 | Arizona Health Facilities Authority, Hospital Revenue Bonds, Banner Health Systems, Tender Option Bond Trust 2015-XF2046, 17.432%, 1/01/43, 144A (IF) (4) | 1/22 at 100.00 | AA- | 1,194,290 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arizona (continued) | ||||||
Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc Projects, Series 2017D: | ||||||
$ 70 | 3.000%, 7/01/22, 144A | No Opt. Call | BB | $70,327 | ||
100 | 5.000%, 7/01/37, 144A | 7/27 at 100.00 | BB | 108,365 | ||
1,000 | Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc Projects, Series 2017G, 5.000%, 7/01/51, 144A | 7/27 at 100.00 | BB | 1,062,290 | ||
115 | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Arizona Agribusiness and Equine Center, Inc Project, Series 2017B, 4.000%, 3/01/27, 144A | No Opt. Call | BB+ | 117,806 | ||
1,000 | Florence Town Inc, Industrial Development Authority, Arizona, Education Revenue Bonds, Legacy Traditional School Project - Queen Creek and Casa Grande Campuses, Series 2013, 6.000%, 7/01/43 | 7/23 at 100.00 | Ba2 | 1,067,100 | ||
Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2015A: | ||||||
3,450 | 5.000%, 7/01/35 | 7/25 at 100.00 | A+ | 3,996,859 | ||
1,000 | 5.000%, 7/01/45 | 7/25 at 100.00 | A+ | 1,140,250 | ||
1,000 | Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Refunding Senior Lien Series 2013, 5.000%, 7/01/28 (AMT) | 7/23 at 100.00 | AA- | 1,107,600 | ||
250 | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Great Hearts Academies - Veritas Project, Series 2012, 6.000%, 7/01/32 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (5) | 262,585 | ||
225 | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Great Hearts Academies Project, Series 2014A, 5.000%, 7/01/44 | 7/24 at 100.00 | BBB- | 240,518 | ||
355 | Pima County Industrial Development Authority, Arizona, Charter School Revenue Bonds, Cambridge Academy-East, Inc Project, Series 2010, 5.875%, 4/01/22 (6) | 8/20 at 100.00 | N/R | 338,642 | ||
410 | Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, San Tan Montessori School Project, Series 2017, 6.750%, 2/01/50, 144A | 2/28 at 100.00 | N/R | 452,488 | ||
Yavapai County Industrial Development Authority, Arizona, Education Revenue Bonds, Arizona Agribusiness and Equine Center Inc Project, Refunding Series 2015A: | ||||||
220 | 3.900%, 9/01/24, 144A | No Opt. Call | BB+ | 223,527 | ||
1,500 | 5.000%, 9/01/34, 144A | 3/25 at 100.00 | BB+ | 1,564,650 | ||
120 | Yavapai County Industrial Development Authority, Arizona, Education Revenue Bonds, Arizona Agribusiness and Equine Center Inc Project, Series 2012, 4.625%, 3/01/22, 144A | No Opt. Call | BB+ | 122,174 | ||
260 | Yavapai County Industrial Development Authority, Arizona, Education Revenue Bonds, Arizona Agribusiness and Equine Center, Inc Project, Series 2011, 7.625%, 3/01/31 (Pre-refunded 3/01/21) | 3/21 at 100.00 | BB+ (5) | 271,042 | ||
1,000 | Yuma Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yuma Regional Medical Center, Series 2014A, 5.000%, 8/01/24 | No Opt. Call | A | 1,157,430 | ||
16,325 | Total Arizona | 18,243,581 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arkansas – 0.5% | ||||||
Gravette School District 20, Benton County, Arkansas, General Obligation Bonds, Refunding Series 2020: | ||||||
$ 1,025 | 2.000%, 6/01/27 | 12/25 at 100.00 | Aa2 | $1,089,216 | ||
1,050 | 2.000%, 6/01/28 | 12/25 at 100.00 | Aa2 | 1,112,654 | ||
655 | 2.000%, 6/01/29 | 12/25 at 100.00 | Aa2 | 692,073 | ||
Little Rock School District, Pulaski County, Arkansas, General Obligation Bonds, Refunding Series 2019: | ||||||
1,000 | 3.000%, 2/01/27 | 8/24 at 100.00 | Aa2 | 1,086,740 | ||
1,985 | 3.000%, 2/01/28 | 8/24 at 100.00 | Aa2 | 2,151,760 | ||
500 | Saint Francis County, Arkansas, Sales and Use Tax Bonds, Series 2020, 4.000%, 8/01/27 – BAM Insured (WI/DD, Settling 8/27/20) | 8/26 at 100.00 | AA | 579,260 | ||
6,215 | Total Arkansas | 6,711,703 | ||||
California – 9.9% | ||||||
500 | ABAG Finance Authority for Non-Profit Corporations, California, Revenue Bonds, Casa de Lad Campanas, Series 2010, 6.000%, 9/01/37 | 9/20 at 100.00 | AA- | 502,885 | ||
100 | California Educational Facilities Authority, Revenue Bonds, Loma Linda University Series 2017A, 5.000%, 4/01/35 | 4/27 at 100.00 | A | 114,985 | ||
655 | California Educational Facilities Authority, Revenue Bonds, Stanford University, Series 2013-U3, 5.000%, 6/01/43 | No Opt. Call | AAA | 1,075,608 | ||
5,000 | California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2017A, 5.000%, 11/15/38 (UB) (4) | 11/27 at 100.00 | A+ | 6,179,200 | ||
1,300 | California Health Facilities Financing Authority, Revenue Bonds, Adventist Health System/West, Refunding Series 2016A, 4.000%, 3/01/35 | 3/26 at 100.00 | A+ | 1,457,313 | ||
1,000 | California Health Facilities Financing Authority, Revenue Bonds, Catholic Healthcare West, Series 2009F, 5.625%, 7/01/25 | 8/20 at 100.00 | BBB+ | 1,003,590 | ||
205 | California Health Facilities Financing Authority, Revenue Bonds, Children's Hospital Los Angeles, Series 2017A, 5.000%, 8/15/35 | 8/27 at 100.00 | BBB+ | 241,619 | ||
5,000 | California Health Facilities Financing Authority, Revenue Bonds, Kaiser Permanente System, Series 2017A-2, 4.000%, 11/01/38 (UB) (4) | 11/27 at 100.00 | AA- | 5,729,450 | ||
California Health Facilities Financing Authority, Revenue Bonds, Lucile Salter Packard Children's Hospital at Stanford, Series 2017A: | ||||||
775 | 5.000%, 11/15/37 (UB) (4) | 11/27 at 100.00 | AA- | 949,236 | ||
1,000 | 5.000%, 11/15/42 (UB) (4) | 11/27 at 100.00 | AA- | 1,213,850 | ||
170 | California Municipal Finance Authority Charter School Revenue Bonds, Albert Einstein Academies Project, Series 2013A, 6.000%, 8/01/23 | No Opt. Call | BB | 179,865 | ||
100 | California Municipal Finance Authority Charter School Revenue Bonds, River Charter Schools Project, Series 2018A, 5.500%, 6/01/38, 144A | 6/26 at 100.00 | BB | 105,802 | ||
1,180 | California Municipal Finance Authority, Charter School Revenue Bonds, Palmdale Aerospace Academy Project, Series 2016A, 5.000%, 7/01/36, 144A | 7/26 at 100.00 | BB | 1,252,983 | ||
California Municipal Finance Authority, Charter School Revenue Bonds, Partnerships to Uplift Communities Project, Series 2012A: | ||||||
175 | 4.750%, 8/01/22 | No Opt. Call | BB | 181,360 | ||
675 | 5.000%, 8/01/32 | 8/22 at 100.00 | BB | 690,653 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 480 | California Municipal Finance Authority, Charter School Revenue Bonds, Rocketship Education Multiple Projects, Series 2014A, 6.000%, 6/01/23 | 6/22 at 102.00 | N/R | $509,894 | ||
735 | California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Affordable Housing Inc Projects, Senior Series 2014A, 5.000%, 8/15/30 | 8/24 at 100.00 | BBB+ | 823,913 | ||
685 | California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2017A, 5.000%, 8/15/30 | 8/27 at 100.00 | BBB | 819,650 | ||
California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Refunding Series 2017A: | ||||||
1,000 | 5.000%, 7/01/29 | 7/27 at 100.00 | Baa2 | 1,214,690 | ||
3,015 | 5.000%, 7/01/33 | 7/27 at 100.00 | Baa2 | 3,578,081 | ||
1,750 | 4.000%, 7/01/42 | 7/27 at 100.00 | Baa2 | 1,874,652 | ||
6,735 | California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A, 5.000%, 12/31/36 (AMT) | 6/28 at 100.00 | BBB- | 7,979,291 | ||
890 | California Municipal Finance Authority, Revenue Bonds, Southern California Institute of Architecture Project, Series 2017, 5.000%, 12/01/39 | 12/27 at 100.00 | BBB+ | 995,919 | ||
1,060 | California School Finance Authority School Facility Revenue Bonds, KIPP LA Projects, Series 2015A, 3.625%, 7/01/25, 144A | No Opt. Call | BBB | 1,126,483 | ||
1,000 | California School Finance Authority, California, Charter School Revenue Bonds, Aspire Public Schools, Refunding Series 2015A, 5.000%, 8/01/35, 144A | 8/25 at 100.00 | BBB | 1,120,250 | ||
California School Finance Authority, California, Charter School Revenue Bonds, Aspire Public Schools, Refunding Series 2016: | ||||||
460 | 5.000%, 8/01/21, 144A | No Opt. Call | BBB | 479,605 | ||
330 | 5.000%, 8/01/24, 144A | No Opt. Call | BBB | 376,659 | ||
360 | 5.000%, 8/01/25, 144A | No Opt. Call | BBB | 420,311 | ||
790 | 5.000%, 8/01/26, 144A | 8/25 at 100.00 | BBB | 914,796 | ||
250 | 5.000%, 8/01/27, 144A | 8/25 at 100.00 | BBB | 288,033 | ||
1,485 | California School Finance Authority, Charter School Revenue Bonds, Classical Academies Project, Series 2017A, 5.000%, 10/01/37, 144A | 10/27 at 100.00 | BB+ | 1,577,515 | ||
755 | California School Finance Authority, Charter School Revenue Bonds, Coastal Academy Project, Series 2013A, 5.000%, 10/01/33, 144A | 10/22 at 100.00 | BBB- | 793,173 | ||
700 | California School Finance Authority, Charter School Revenue Bonds, Rocketship Education Obligated Group, Series 2016A, 5.000%, 6/01/31, 144A | 6/25 at 100.00 | N/R | 747,173 | ||
California School Finance Authority, Charter School Revenue Bonds, Rocketship Public Schools Obligated Group, Series 2017G: | ||||||
310 | 5.000%, 6/01/30, 144A | 6/27 at 100.00 | N/R | 339,772 | ||
325 | 5.000%, 6/01/37, 144A | 6/27 at 100.00 | N/R | 348,033 | ||
California School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2016C: | ||||||
510 | 5.000%, 7/01/21 | No Opt. Call | BBB | 529,961 | ||
640 | 5.000%, 7/01/22 | No Opt. Call | BBB | 683,981 | ||
1,075 | California School Finance Authority, School Facility Revenue Bonds, KIPP LA Projects, Series 2014A, 5.000%, 7/01/34 | 7/24 at 100.00 | BBB | 1,187,133 | ||
300 | California School Finance Authority, School Facility Revenue Bonds, KIPP LA Projects, Series 2017A, 5.000%, 7/01/25, 144A | No Opt. Call | BBB | 349,401 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 5,000 | California State, General Obligation Bonds, Refunding Various Purpose Series 2017, 5.000%, 8/01/36 (UB) (4) | 8/26 at 100.00 | Aa2 | $6,186,200 | ||
465 | California State, General Obligation Bonds, Various Purpose Series 1997, 5.625%, 10/01/21 | 10/20 at 100.00 | AA+ | 469,064 | ||
California Statewide Communities Development Authority, California, Redlands Community Hospital, Revenue Bonds, Series 2016: | ||||||
825 | 5.000%, 10/01/31 | 10/26 at 100.00 | A- | 991,840 | ||
830 | 5.000%, 10/01/32 | 10/26 at 100.00 | A- | 992,971 | ||
3,900 | California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A, 5.000%, 12/01/36, 144A | 6/26 at 100.00 | BB | 4,337,073 | ||
165 | California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2018A, 5.250%, 12/01/38, 144A | 6/28 at 100.00 | BB | 184,348 | ||
1,000 | California Statewide Communities Development Authority, Student Housing Revenue Bonds, University of California, Irvine East Campus Apartments, Phase IV-A CHF-Irvine, LLC, Series 2017, 5.000%, 5/15/36 | 5/27 at 100.00 | Baa1 | 1,133,650 | ||
4,000 | El Cajon Redevelopment Agency Successor Agency, San Diego County, California, Tax Allocation Bonds, Refunding Series 2018, 5.000%, 10/01/34 – BAM Insured | 10/28 at 100.00 | AA | 5,188,120 | ||
750 | Irvine, California, Special Tax Bonds, Community Facilities District 2004-1 Central Park, Series 2015A, 4.000%, 9/01/35 | 9/25 at 100.00 | N/R | 814,035 | ||
1,250 | Irvine, California, Special Tax Bonds, Community Facilities District 2013-3 Great Park, Improvement Area 4, Series 2016, 4.000%, 9/01/35 | 9/23 at 103.00 | N/R | 1,351,513 | ||
50 | Long Beach Bond Finance Authority, California, Natural Gas Purchase Revenue Bonds, Series 2007A, 5.000%, 11/15/35 | No Opt. Call | A+ | 69,160 | ||
1,400 | Long Beach, California, Harbor Revenue Bonds, Series 2017, 5.000%, 5/15/29 (AMT) | 5/27 at 100.00 | AA | 1,695,050 | ||
Long Beach, California, Harbor Revenue Bonds, Series 2019A: | ||||||
2,500 | 5.000%, 5/15/44 (UB) (4) | 5/29 at 100.00 | Aa2 | 3,140,825 | ||
2,500 | 5.000%, 5/15/49 (UB) (4) | 5/29 at 100.00 | Aa2 | 3,120,025 | ||
Long Beach, California, Marina Revenue Bonds, Alamitos Bay Marina Project, Series 2015: | ||||||
320 | 5.000%, 5/15/24 | No Opt. Call | BBB | 354,906 | ||
745 | 5.000%, 5/15/26 | 5/25 at 100.00 | BBB | 835,428 | ||
750 | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Senior Lien Series 2015D, 5.000%, 5/15/30 (AMT) | 5/25 at 100.00 | AA | 879,878 | ||
Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2016B: | ||||||
2,200 | 5.000%, 5/15/33 (AMT) | 5/26 at 100.00 | AA- | 2,635,116 | ||
500 | 5.000%, 5/15/34 (AMT) | 5/26 at 100.00 | AA- | 597,600 | ||
Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2017A: | ||||||
1,000 | 5.000%, 5/15/33 (AMT) | 5/27 at 100.00 | AA- | 1,222,420 | ||
2,000 | 5.000%, 5/15/34 (AMT) | 5/27 at 100.00 | AA- | 2,438,780 | ||
1,135 | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018C, 5.000%, 5/15/33 (AMT) | 11/27 at 100.00 | AA- | 1,405,051 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 3,000 | Los Angeles Regional Airports Improvement Corporation, California, Lease Revenue Bonds, LAXFUEL Corporation at Los Angeles International Airport, Refunding Series 2012, 5.000%, 1/01/32 (AMT) | 1/22 at 100.00 | A | $3,093,990 | ||
365 | Menifee Union School District Public Financing Authority, California, Special Tax Revenue Bonds, Series 2016A, 5.000%, 9/01/32 – BAM Insured | 9/25 at 100.00 | AA | 422,966 | ||
2,010 | Northern Inyo County Local Hospital District, Inyo County, California, Revenue Bonds, Series 2013, 5.000%, 12/01/29 | 12/23 at 100.00 | B+ | 2,115,163 | ||
85 | Novato Redevelopment Agency, California, Tax Allocation Bonds, Hamilton Field Redevelopment Project, Series 2011, 6.750%, 9/01/40 (Pre-refunded 9/01/21) | 9/21 at 100.00 | A- (5) | 90,966 | ||
Rancho Mirage Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Merged Redevelopment Project, Northside Sub-Area, Refunding Series 2016A: | ||||||
1,085 | 3.000%, 4/01/30 – BAM Insured | 4/26 at 100.00 | AA | 1,174,296 | ||
2,245 | 3.000%, 4/01/31 – BAM Insured | 4/26 at 100.00 | AA | 2,413,891 | ||
1,215 | Sacramento Area Flood Control Agency, California, Special Assessment Bonds, Natomas Basin Local Assessment District, Series 2014, 5.000%, 10/01/32 – BAM Insured | 10/24 at 100.00 | AA | 1,431,829 | ||
Sacramento, California, Special Tax Bonds, North Natomas Community Facilities District 4, Refunding Series 2015F: | ||||||
615 | 5.000%, 9/01/26 | 9/25 at 100.00 | BBB+ | 720,005 | ||
1,290 | 5.000%, 9/01/27 | 9/25 at 100.00 | BBB+ | 1,502,695 | ||
300 | San Clemente, California, Special Tax Revenue Bonds, Community Facilities District 2006-1 Marblehead Coastal, Series 2015, 5.000%, 9/01/32 | 9/25 at 100.00 | N/R | 342,468 | ||
San Diego County Regional Airport Authority, California, Airport Revenue Bonds, Subordinate Series 2017A: | ||||||
1,000 | 5.000%, 7/01/34 (AMT) | 7/27 at 100.00 | A+ | 1,210,630 | ||
500 | 5.000%, 7/01/35 (AMT) | 7/27 at 100.00 | A+ | 603,390 | ||
San Diego County Regional Airport Authority, California, Airport Revenue Bonds, Subordinate Series 2019B: | ||||||
2,000 | 5.000%, 7/01/34 (AMT) | 7/29 at 100.00 | A+ | 2,524,640 | ||
1,000 | 5.000%, 7/01/35 (AMT) | 7/29 at 100.00 | A+ | 1,257,330 | ||
1,000 | 5.000%, 7/01/36 (AMT) | 7/29 at 100.00 | A+ | 1,252,310 | ||
10,000 | San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2019E, 5.000%, 5/01/45 (AMT) (UB) (4) | 5/29 at 100.00 | A1 | 12,246,700 | ||
5,000 | San Francisco Airports Commission, California, Special Facilities Lease Revenue Bonds, SFO Fuel Company LLC, Series 2019A, 5.000%, 1/01/24 (AMT) | No Opt. Call | A1 | 5,733,300 | ||
1,280 | San Francisco City and County Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Mission Bay North Redevelopment Project, Refunding Series 2016A, 5.000%, 8/01/33 | 8/26 at 100.00 | A | 1,560,448 | ||
500 | Twentynine Palms Redevelopment Agency, California, Tax Allocation Bonds, Four Corners Project Area, Series 2011A, 7.400%, 9/01/32 (Pre-refunded 9/01/21) | 9/21 at 100.00 | BBB+ (5) | 538,240 | ||
Upland, California, Certificates of Participation, San Antonio Regional Hospital, Series 2017: | ||||||
585 | 5.000%, 1/01/25 | No Opt. Call | BBB | 681,408 | ||
1,110 | 5.000%, 1/01/26 | No Opt. Call | BBB | 1,326,961 | ||
530 | 5.000%, 1/01/28 | No Opt. Call | BBB | 659,574 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 1,000 | Yuba Levee Financing Authority, California, Revenue Bonds, Yuba County Levee Refinancing Project, Refunding Series 2017A, 5.000%, 9/01/31 – BAM Insured | 9/26 at 100.00 | AA | $ 1,240,930 | ||
114,475 | Total California | 134,143,951 | ||||
Colorado – 3.4% | ||||||
640 | Adams and Weld Counties School District 27J, Brighton, Colorado, General Obligation Bonds, Series 2015, 5.000%, 12/01/40 | 12/25 at 100.00 | AA | 772,000 | ||
1,270 | Arkansas River Power Authority, Colorado, Power Supply System Revenue Bonds, Refunding Series 2018A, 5.000%, 10/01/30 | 10/28 at 100.00 | BBB | 1,486,027 | ||
4,275 | Boulder Valley School District RE2, Boulder County, Colorado, General Obligation Bonds, Series 2019A, 5.250%, 12/01/32 | 6/29 at 100.00 | AA+ | 5,837,085 | ||
Colorado Department of Transportation, Headquarters Facilities Lease Purchase Agreement Certificates of Participation, Series 2016: | ||||||
1,000 | 5.000%, 6/15/33 | 6/26 at 100.00 | Aa2 | 1,228,990 | ||
1,330 | 5.000%, 6/15/35 | 6/26 at 100.00 | Aa2 | 1,629,449 | ||
500 | Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Aspen Ridge School Project, Series 2015A, 5.000%, 7/01/36, 144A | 7/25 at 100.00 | BB | 511,320 | ||
300 | Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Littleton Preparatory Charter School, Series 2013, 5.000%, 12/01/42 | 12/22 at 100.00 | BB+ | 303,588 | ||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-1: | ||||||
1,975 | 5.000%, 8/01/31 | 8/29 at 100.00 | BBB+ | 2,525,966 | ||
3,000 | 5.000%, 8/01/32 | 8/29 at 100.00 | BBB+ | 3,810,180 | ||
3,500 | 5.000%, 8/01/33 | 8/29 at 100.00 | BBB+ | 4,419,520 | ||
1,635 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Craig Hospital Project, Series 2012, 5.000%, 12/01/28 (UB) (4) | 12/22 at 100.00 | A+ | 1,775,463 | ||
1,000 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sisters of Charity of Leavenworth Health Services Corporation, Tender Option Bond Trust 2015-XF2196, 19.410%, 1/01/35, 144A (IF) (4) | 1/24 at 100.00 | AA- | 1,527,450 | ||
1,000 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Total Long-term Care National Obligated Group Project, Series 2010A, 6.000%, 11/15/30 (Pre-refunded 11/15/20) | 11/20 at 100.00 | N/R (5) | 1,016,230 | ||
900 | Colorado Science and Technology Park Metropolitan District No1, Special Revenue Improvement Bonds, Refunding Series 2018, 5.000%, 12/01/33 | 12/23 at 103.00 | N/R | 930,870 | ||
Colorado State, Certificates of Participation, Lease Purchase Agreement Department of Transportation Second Amended & Restated Headquarters Facilities, Refunding Series 2020: | ||||||
1,000 | 4.000%, 6/15/39 | 6/30 at 100.00 | Aa2 | 1,201,870 | ||
1,320 | 4.000%, 6/15/40 | 6/30 at 100.00 | Aa2 | 1,580,766 | ||
1,765 | Colorado State, Certificates of Participation, Rural Series 2020A, 4.000%, 12/15/37 | 12/30 at 100.00 | Aa2 | 2,172,538 | ||
1,240 | Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel, Refunding Senior Lien Series 2016, 5.000%, 12/01/28 | 12/26 at 100.00 | Baa2 | 1,356,486 | ||
500 | Fossil Ridge Metropolitan District 1, Lakewood, Colorado, Tax-Supported Revenue Bonds, Refunding Series 2010, 7.250%, 12/01/40 | 12/20 at 100.00 | N/R | 503,210 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
Mesa County Valley School District 51, Grand Junction, Colorado, General Obligation Bonds, Series 2018: | ||||||
$ 1,250 | 5.250%, 12/01/33 | 12/27 at 100.00 | AA | $1,656,412 | ||
1,665 | 5.500%, 12/01/36 | 12/27 at 100.00 | AA | 2,188,126 | ||
1,130 | Rampart Range Metropolitan District 1, Lone Tree, Colorado, Limited Tax Supported and Special Revenue Bonds, Refunding & Improvement Series 2017, 5.000%, 12/01/42 | 12/27 at 100.00 | AA | 1,381,583 | ||
1,000 | Regional Transportation District, Colorado, Denver Transit Partners Eagle P3 Project Private Activity Bonds, Series 2010, 6.500%, 1/15/30 | 8/20 at 100.00 | Baa3 | 1,002,160 | ||
3,320 | Regional Transportation District, Colorado, Sales Tax Revenue Bonds, Fastracks Project, Series 2012A, 5.000%, 11/01/32 | 11/22 at 100.00 | AA+ | 3,619,398 | ||
500 | Three Springs Metropolitan District 3, Durango, La Plata County, Colorado, Property Tax Supported Revenue Bonds, Series 2010, 7.750%, 12/01/39 | 12/20 at 100.00 | N/R | 502,285 | ||
1,085 | Weld County School District RE8, Colorado, General Obligation Bonds, Series 2017, 5.000%, 12/01/31 | 12/26 at 100.00 | Aa2 | 1,359,831 | ||
38,100 | Total Colorado | 46,298,803 | ||||
Connecticut – 0.9% | ||||||
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Sacred Heart University, Series 2017I-1: | ||||||
500 | 5.000%, 7/01/36 | 7/27 at 100.00 | A | 591,840 | ||
410 | 5.000%, 7/01/37 | 7/27 at 100.00 | A | 484,099 | ||
2,500 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale-New Haven Health Issue, Refunding Series 2014A, 5.000%, 7/01/29 | 7/24 at 100.00 | AA- | 2,873,650 | ||
Harbor Point Infrastructure Improvement District, Connecticut, Special Obligation Revenue Bonds, Harbor Point Project, Refunding Series 2017: | ||||||
1,500 | 5.000%, 4/01/30, 144A | 4/27 at 100.00 | N/R | 1,660,635 | ||
6,465 | 5.000%, 4/01/39, 144A | 4/27 at 100.00 | N/R | 6,944,833 | ||
11,375 | Total Connecticut | 12,555,057 | ||||
Delaware – 0.1% | ||||||
535 | Delaware Economic Development Authority, Delaware, Delaware, First State Montessori Academy, Inc Project, Series 2019A, 4.000%, 8/01/29 | No Opt. Call | BBB- | 589,736 | ||
340 | Delaware Economic Development Authority, Revenue Bonds, Newark Charter School, Refunding Series 2016A, 2.800%, 9/01/26 | No Opt. Call | BBB+ | 348,629 | ||
475 | Delaware Economic Development Authority, Revenue Bonds, Newark Charter School, Series 2012, 3.875%, 9/01/22 | 3/22 at 100.00 | BBB+ | 488,238 | ||
1,350 | Total Delaware | 1,426,603 | ||||
District of Columbia – 4.1% | ||||||
6,000 | District of Columbia Water and Sewer Authority, Public Utility Revenue Bonds, Refunding Subordinate Lien Series 2012C, 5.000%, 10/01/29 | 10/22 at 100.00 | AA+ | 6,576,840 | ||
2,000 | District of Columbia Water and Sewer Authority, Public Utility Revenue Bonds, Refunding Subordinate Lien Series 2016A, 5.000%, 10/01/39 | 4/26 at 100.00 | AA+ | 2,436,640 | ||
2,000 | District of Columbia Water and Sewer Authority, Public Utility Revenue Bonds, Senior Lien Series 2017B, 5.000%, 10/01/34 | 4/27 at 100.00 | AAA | 2,525,580 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
District of Columbia (continued) | ||||||
$ 5,000 | District of Columbia Water and Sewer Authority, Public Utility Revenue Bonds, Senior Lien Series 2018B, 5.000%, 10/01/49 (UB) (4) | 4/28 at 100.00 | AAA | $6,305,500 | ||
1,000 | District of Columbia, General Obligation Bonds, Series 2016A, 5.000%, 6/01/41 | 6/26 at 100.00 | Aaa | 1,212,650 | ||
1,000 | District of Columbia, Hospital Revenue Bonds, Children's Hospital Obligated Group, Refunding Series 2015, 5.000%, 7/15/28 | 1/26 at 100.00 | A1 | 1,197,590 | ||
5,000 | District of Columbia, Income Tax Secured Revenue Bonds, Series 2019A, 4.000%, 3/01/40 (UB) (4) | 9/29 at 100.00 | AAA | 6,064,150 | ||
District of Columbia, Income Tax Secured Revenue Bonds, Series 2020C: | ||||||
2,500 | 4.000%, 5/01/39 | 5/30 at 100.00 | AAA | 3,075,550 | ||
3,000 | 4.000%, 5/01/40 | 5/30 at 100.00 | AAA | 3,677,370 | ||
5,000 | 4.000%, 5/01/45 (UB) (4) | 5/30 at 100.00 | AAA | 6,040,900 | ||
District of Columbia, Revenue Bonds, Association of American Medical Colleges, Series 2011A: | ||||||
1,000 | 5.000%, 10/01/28 (Pre-refunded 10/01/23) | 10/23 at 100.00 | AA+ (5) | 1,148,650 | ||
1,000 | 5.000%, 10/01/29 (Pre-refunded 10/01/23) | 10/23 at 100.00 | AA+ (5) | 1,148,650 | ||
575 | 5.000%, 10/01/30 (Pre-refunded 10/01/23) | 10/23 at 100.00 | AA+ (5) | 660,474 | ||
5,000 | District of Columbia, Revenue Bonds, Georgetown University, Refunding Series 2017, 5.000%, 4/01/33 | 4/27 at 100.00 | A- | 5,922,500 | ||
2,000 | District of Columbia, Revenue Bonds, KIPP DC Issue, Refunding Series 2017A, 5.000%, 7/01/37 | 1/28 at 100.00 | BBB+ | 2,327,560 | ||
2,000 | District of Columbia, Revenue Bonds, KIPP DC Issue, Refunding Series 2017B, 5.000%, 7/01/37 | 1/28 at 100.00 | BBB+ | 2,327,560 | ||
District of Columbia, Revenue Bonds, KIPP DC Issue, Series 2019: | ||||||
250 | 5.000%, 7/01/28 | No Opt. Call | BBB+ | 304,695 | ||
250 | 5.000%, 7/01/29 | No Opt. Call | BBB+ | 309,682 | ||
2,000 | Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2012A, 5.000%, 10/01/31 (AMT) | 10/22 at 100.00 | Aa3 | 2,158,540 | ||
46,575 | Total District of Columbia | 55,421,081 | ||||
Florida – 8.5% | ||||||
210 | Alachua County Health Facilities Authority, Florida, Health Facilities Revenue Bonds, Shands Teaching Hospital & Clinics, Inc at the University of Florida Project, Refunding Series 2019B-1, 5.000%, 12/01/21 | No Opt. Call | A | 221,313 | ||
1,210 | Bay County, Florida, Educational Facilities Revenue Refunding Bonds, Bay Haven Charter Academy, Inc Project, Series 2010A, 5.250%, 9/01/30 | 9/20 at 100.00 | BBB | 1,213,206 | ||
750 | Bay County, Florida, Educational Facilities Revenue Refunding Bonds, Bay Haven Charter Academy, Inc Project, Series 2013A, 5.000%, 9/01/33 | 9/23 at 100.00 | BBB | 806,715 | ||
5,000 | Brevard County School Board, Florida, Certificates of Participation, Refunding Series 2017A, 5.000%, 7/01/31 | 7/27 at 100.00 | Aa3 | 6,300,300 | ||
1,930 | Broward County, Florida, Airport System Revenue Bonds, Series 2017, 5.000%, 10/01/35 (AMT) | 10/27 at 100.00 | A+ | 2,333,447 | ||
Broward County, Florida, Airport System Revenue Bonds, Series 2019A: | ||||||
2,750 | 5.000%, 10/01/37 (AMT) | 10/29 at 100.00 | A+ | 3,445,475 | ||
1,750 | 5.000%, 10/01/39 (AMT) | 10/29 at 100.00 | A+ | 2,180,570 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$ 3,680 | Central Florida Expressway Authority, Revenue Bonds, Senior Lien Series 2018, 5.000%, 7/01/43 | 7/28 at 100.00 | A+ | $4,579,760 | ||
3,035 | City of Miami Beach, Florida, Stormwater Revenue Bonds, Series 2015, 5.000%, 9/01/41 | 9/25 at 100.00 | AA- | 3,620,451 | ||
500 | Clearwater, Florida, Water and Sewer Revenue Bonds, Refunding Series 2020, 5.000%, 12/01/32 | 12/29 at 100.00 | AA+ | 677,750 | ||
Cocoa, Florida, Water and Sewer System Revenue Bonds, Refunding Series 2018C: | ||||||
1,225 | 5.000%, 10/01/36 | 10/28 at 100.00 | AA | 1,587,061 | ||
1,315 | 5.000%, 10/01/37 | 10/28 at 100.00 | AA | 1,696,521 | ||
1,000 | 5.000%, 10/01/38 | 10/28 at 100.00 | AA | 1,283,200 | ||
Deerfield Beach, Florida, Capital Improvement Revenue Bonds, Series 2018: | ||||||
2,865 | 5.000%, 12/01/37 | 12/28 at 100.00 | AA | 3,684,533 | ||
1,200 | 5.000%, 12/01/38 | 12/28 at 100.00 | AA | 1,535,976 | ||
Florida Atlantic University FAU Finance Corporation, Capital Improvement Revenue Bonds, Student Housing Project, Series 2019B: | ||||||
2,495 | 4.000%, 7/01/37 | 7/29 at 100.00 | A1 | 2,826,561 | ||
2,295 | 4.000%, 7/01/38 | 7/29 at 100.00 | A1 | 2,592,455 | ||
440 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Downtown Doral Charter Elementary School Project, Series 2014A, 5.750%, 7/01/24 | No Opt. Call | N/R | 462,572 | ||
Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Downtown Doral Charter Upper School Project, Series 2017C: | ||||||
175 | 5.150%, 7/01/27, 144A | No Opt. Call | N/R | 186,921 | ||
385 | 5.750%, 7/01/47, 144A | 7/27 at 101.00 | N/R | 411,688 | ||
170 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School Income Projects, Series 2015A, 6.000%, 6/15/35, 144A | 6/25 at 100.00 | N/R | 186,300 | ||
3,000 | Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project , Series 2019A, 6.500%, 1/01/49 (Mandatory Put 1/01/29), 144A (AMT) | 10/20 at 105.00 | N/R | 2,605,830 | ||
560 | Florida Governmental Utility Authority, Utility Revenue Bonds, Aloha Utility System, Refunding Series 2019, 5.000%, 10/01/29 – AGM Insured | No Opt. Call | AA | 760,760 | ||
1,300 | Florida Gulf Coast University Financing Corporation, Capital Improvement Revenue Bonds, Refunding Housing Project, Series 2019A, 3.000%, 2/01/39 | 2/30 at 100.00 | A+ | 1,336,023 | ||
3,465 | Fort Myers, Florida, Utility System Revenue Bonds, Refunding Series 2019A, 4.000%, 10/01/44 | 10/28 at 100.00 | Aa3 | 4,035,478 | ||
Greater Orlando Aviation Authority, Florida, Airport Facilities Revenue Bonds, Series 2019A: | ||||||
2,560 | 5.000%, 10/01/26 (AMT) | No Opt. Call | AA- | 3,166,515 | ||
4,000 | 5.000%, 10/01/28 (AMT) | No Opt. Call | AA- | 5,174,440 | ||
Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds, Priority Subordinated Series 2017: | ||||||
1,010 | 5.000%, 10/01/32 (AMT) | 10/27 at 100.00 | A+ | 1,237,927 | ||
400 | 5.000%, 10/01/34 (AMT) | 10/27 at 100.00 | A+ | 487,052 | ||
715 | Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport, Series 2018E, 5.000%, 10/01/35 (AMT) | 10/28 at 100.00 | AA- | 883,197 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$ 3,000 | Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport, Subordinate Refunding Series 2013A, 5.500%, 10/01/28 (AMT) | 10/23 at 100.00 | A+ | $3,400,470 | ||
1,110 | Jacksonville, Florida, Educational Facilities Revenue Bonds, Jacksonville University Project, Series 2018B, 5.000%, 6/01/53, 144A | 6/28 at 100.00 | N/R | 1,085,402 | ||
1,650 | Jacksonville, Florida, Health Care Facilities Revenue Bonds, Baptist Health Properties, Refunding Series 2017, 5.000%, 8/15/35 | 8/27 at 100.00 | AA | 2,020,441 | ||
1,500 | Lee County Industrial Development Authority, Florida, Charter School Revenue Bonds, Lee County Community Charter Schools, Series 2012A, 5.000%, 6/15/24 | 6/22 at 100.00 | BB- | 1,531,755 | ||
Lee County, Florida, Solid Waste System Revenue Bonds, Refunding Series 2016: | ||||||
1,110 | 5.000%, 10/01/24 (AMT) | No Opt. Call | A | 1,283,826 | ||
605 | 5.000%, 10/01/26 (AMT) | No Opt. Call | A | 733,042 | ||
1,155 | Marco Island, Florida, Utility System Revenue Bonds, Refunding Series 2016, 3.000%, 10/01/33 | 10/26 at 100.00 | Aa3 | 1,261,168 | ||
5,000 | Martin County Health Facilities Authority, Florida, Hospital Revenue Bonds, Martin Memorial Medical Center, Series 2019A, 4.000%, 1/01/46 (UB) (4) | 1/29 at 100.00 | AA | 5,754,300 | ||
Miami Beach Health Facilities Authority, Florida, Hospital Revenue Bonds, Mount Sinai Medical Center of Florida Project, Refunding 2014: | ||||||
850 | 5.000%, 11/15/23 | No Opt. Call | A- | 962,786 | ||
250 | 5.000%, 11/15/26 | 11/24 at 100.00 | A- | 283,350 | ||
375 | 5.000%, 11/15/27 | 11/24 at 100.00 | A- | 423,649 | ||
500 | 5.000%, 11/15/28 | 11/24 at 100.00 | A- | 562,830 | ||
Miami Dade County, Florida, Rickenbacker Causeway Revenue Bonds, Series 2014: | ||||||
900 | 5.000%, 10/01/27 | 10/24 at 100.00 | A- | 997,020 | ||
920 | 5.000%, 10/01/28 | 10/24 at 100.00 | A- | 1,017,962 | ||
500 | 5.000%, 10/01/30 | 10/24 at 100.00 | A- | 550,190 | ||
2,000 | Miami, Florida, Special Obligation Non-Ad Valorem Revenue Bonds, Port of Miami Tunnel Project, Refunding Series 2012, 5.000%, 3/01/30, 144A | 3/23 at 100.00 | Aa3 | 2,231,660 | ||
705 | Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Refunding Series 2012A, 5.000%, 10/01/25 (AMT) | 10/22 at 100.00 | A | 761,830 | ||
1,145 | Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2014A, 5.000%, 10/01/28 (AMT) | 10/24 at 100.00 | A | 1,312,250 | ||
1,000 | Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2016A, 5.000%, 10/01/41 | 10/26 at 100.00 | A | 1,175,260 | ||
4,000 | Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2018A, 5.000%, 10/01/38 (AMT) | 10/28 at 100.00 | A | 4,866,840 | ||
2,290 | Orange County, Florida, Tourist Development Tax Revenue Bonds, Refunding Series 2016B, 4.000%, 10/01/34 | 10/26 at 100.00 | Aa2 | 2,539,839 | ||
1,000 | Orlando, Florida, Tourist Development Tax Revenue Bonds, 6th Cent Contract Payments, Refunding Senior Series 2017A, 5.000%, 11/01/35 – AGM Insured | 11/27 at 100.00 | AA | 1,196,750 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
Osceola County, Florida, Transportation Revenue Bonds, Osceola Parkway, Refunding & Improvement Series 2019A-1: | ||||||
$ 400 | 5.000%, 10/01/35 | 10/29 at 100.00 | BBB+ | $498,692 | ||
250 | 5.000%, 10/01/36 | 10/29 at 100.00 | BBB+ | 310,470 | ||
250 | 5.000%, 10/01/38 | 10/29 at 100.00 | BBB+ | 308,302 | ||
250 | 5.000%, 10/01/39 | 10/29 at 100.00 | BBB+ | 307,543 | ||
425 | Palm Beach County School Board, Florida, Certificates of Participation, Series 2015C, 5.000%, 8/01/30 | 8/25 at 100.00 | Aa3 | 514,407 | ||
505 | Pinellas County School Board, Florida, Certificates of Participation, Master Lease Program, Series 2017A, 5.000%, 7/01/37 | 7/27 at 100.00 | Aa3 | 623,236 | ||
850 | Reedy Creek Improvement District, Orange and Osceola Counties, Florida, Utilities Revenue Bonds, Series 2018-1, 5.000%, 10/01/36 | 10/28 at 100.00 | A1 | 1,060,774 | ||
2,000 | South Broward Hospital District, Florida, Hospital Revenue Bonds, Refunding Series 2016, 4.000%, 5/01/33 | 5/26 at 100.00 | AA | 2,275,200 | ||
500 | Tallahassee, Florida, Consolidated Utility Systems Revenue Bonds, Refunding Series 2015, 5.000%, 10/01/35 | 10/23 at 100.00 | AA+ | 570,735 | ||
1,310 | Tampa, Florida, Capital Improvement Cigarette Tax Allocation Bonds, H Lee Moffitt Cancer Center Project, Series 2016A, 5.500%, 9/01/29 | 9/26 at 100.00 | A+ | 1,636,046 | ||
1,100 | Tampa, Florida, Capital Improvement Cigarette Tax Allocation Bonds, H Lee Moffitt Cancer Center Project, Series 2020A, 0.000%, 9/01/39 | 9/30 at 70.57 | A+ | 583,858 | ||
Tampa, Florida, Water and Wastewater Systems Revenue Bonds, Series 2020A: | ||||||
1,500 | 4.000%, 10/01/44 (UB) (4) | 10/30 at 100.00 | AAA | 1,845,885 | ||
6,000 | 4.000%, 10/01/48 (UB) (4) | 10/30 at 100.00 | AAA | 7,311,300 | ||
10 | Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible, Capital Appreciation, Series 2012A-4, 0.000%, 5/01/40 (7) | 5/22 at 100.00 | N/R | 7,826 | ||
5 | Tolomato Community Development District, Florida, Special Assessment Bonds, Hope Note, Series 2007-3, 6.375%, 5/01/20 (6) | No Opt. Call | N/R | — | ||
20 | Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-1, 0.000%, 5/01/40 (7) | 8/20 at 100.00 | N/R | 17,819 | ||
15 | Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-2, 0.000%, 5/01/40 (7) | 8/20 at 100.00 | N/R | 10,359 | ||
15 | Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-3, 6.610%, 5/01/40 (6) | 8/20 at 100.00 | N/R | — | ||
98,360 | Total Florida | 115,355,069 | ||||
Georgia – 1.5% | ||||||
2,210 | Atlanta, Georgia, Airport General Revenue Bonds, Series 2012C, 5.000%, 1/01/31 (AMT) | 1/22 at 100.00 | AA- | 2,329,296 | ||
5,000 | Atlanta, Georgia, Airport Passenger Facilities Charge and General Revenue Bonds, Subordinate Lien Series 2019D, 4.000%, 7/01/40 (AMT) (UB) (4) | 7/29 at 100.00 | Aa3 | 5,761,350 | ||
220 | Atlanta, Georgia, Water and Wastewater Revenue Bonds, Tender Option Bond Trust 2015-XF0234, 22.165%, 3/01/23, 144A (IF) (4) | No Opt. Call | Aa2 | 415,943 | ||
Brookhaven Development Authority, Georgia, Revenue Bonds, Children's Healthcare of Atlanta, Inc Project, Series 2019A: | ||||||
1,335 | 4.000%, 7/01/44 (UB) (4) | 7/29 at 100.00 | AA+ | 1,538,747 | ||
3,665 | 4.000%, 7/01/49 (UB) (4) | 7/29 at 100.00 | AA+ | 4,180,116 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Georgia (continued) | ||||||
Cobb County Kennestone Hospital Authority, Georgia, Revenue Anticipation Certificates, Wellstar Health System, Series 2017A: | ||||||
$ 2,390 | 5.000%, 4/01/35 | 4/27 at 100.00 | A | $2,903,085 | ||
1,380 | 5.000%, 4/01/37 | 4/27 at 100.00 | A | 1,666,640 | ||
Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2019A: | ||||||
600 | 2.300%, 6/01/27 | No Opt. Call | AAA | 647,784 | ||
675 | 2.350%, 12/01/27 | No Opt. Call | AAA | 733,408 | ||
17,475 | Total Georgia | 20,176,369 | ||||
Hawaii – 0.9% | ||||||
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Mid-Pacific Project, Series 2020: | ||||||
300 | 4.000%, 1/01/25 | No Opt. Call | BBB+ | 324,474 | ||
500 | 4.000%, 1/01/26 | No Opt. Call | BBB+ | 546,690 | ||
665 | 4.000%, 1/01/27 | No Opt. Call | BBB+ | 732,351 | ||
350 | 4.000%, 1/01/28 | No Opt. Call | BBB+ | 388,283 | ||
360 | 4.000%, 1/01/29 | No Opt. Call | BBB+ | 402,329 | ||
250 | 4.000%, 1/01/30 | No Opt. Call | BBB+ | 280,157 | ||
275 | 4.000%, 1/01/31 | 1/30 at 100.00 | BBB+ | 305,616 | ||
270 | 4.000%, 1/01/32 | 1/30 at 100.00 | BBB+ | 297,386 | ||
200 | 4.000%, 1/01/33 | 1/30 at 100.00 | BBB+ | 218,612 | ||
Hawaii Department of Transportation - Airports Division, Lease Revenue Certificates of Participation, Series 2013: | ||||||
1,000 | 5.250%, 8/01/24 (AMT) | 8/23 at 100.00 | A+ | 1,117,300 | ||
1,600 | 5.000%, 8/01/28 (AMT) | 8/23 at 100.00 | A+ | 1,761,088 | ||
2,000 | Hawaii State, Airport System Revenue Bonds, Series 2015A, 5.000%, 7/01/41 (AMT) | 7/25 at 100.00 | AA- | 2,282,500 | ||
Hawaii State, General Obligation Bonds, Series 2011DZ: | ||||||
990 | 5.000%, 12/01/30 (Pre-refunded 12/01/21) | 12/21 at 100.00 | N/R (5) | 1,053,122 | ||
610 | 5.000%, 12/01/30 (Pre-refunded 12/01/21) | 12/21 at 100.00 | AA+ (5) | 648,894 | ||
2,000 | Honolulu City and County, Hawaii, General Obligation Bonds, Series 2015A, 5.000%, 10/01/37 | 10/25 at 100.00 | Aa1 | 2,390,900 | ||
11,370 | Total Hawaii | 12,749,702 | ||||
Idaho – 0.9% | ||||||
Boise State University, Idaho, General Revenue Bonds, Series 2018A: | ||||||
240 | 5.000%, 4/01/34 | 4/28 at 100.00 | Aa3 | 294,103 | ||
575 | 5.000%, 4/01/38 | 4/28 at 100.00 | Aa3 | 696,118 | ||
600 | 5.000%, 4/01/39 | 4/28 at 100.00 | Aa3 | 724,680 | ||
Boise-Kuna Irrigation District, Ada and Canyon Counties, Idaho, Arrowrock Hydroelectric Project Revenue Bonds, Refunding Series 2015: | ||||||
500 | 5.000%, 6/01/29 | 12/24 at 100.00 | A3 | 592,430 | ||
1,000 | 5.000%, 6/01/30 | 12/24 at 100.00 | A3 | 1,181,570 | ||
2,090 | 5.000%, 6/01/31 | 12/24 at 100.00 | A3 | 2,464,591 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Idaho (continued) | ||||||
Canyon County School District 139, Idaho, General Obligation Bonds, Series 2019B: | ||||||
$ 1,000 | 5.000%, 9/15/37 | 3/29 at 100.00 | Aaa | $1,322,870 | ||
750 | 5.000%, 9/15/39 | 3/29 at 100.00 | Aaa | 986,918 | ||
1,250 | Idaho Health Facilities Authority, Revenue Bonds, Saint Luke's Health System Project, Series 2018A, 5.000%, 3/01/37 | 9/28 at 100.00 | A- | 1,526,762 | ||
865 | Idaho Health Facilities Authority, Revenue Bonds, Trinity Health Group, Series 2015, 5.500%, 12/01/29 | 6/25 at 100.00 | AA- | 1,046,382 | ||
1,070 | Idaho Water Resource Board, Water Resource Loan Program Revenue, Ground Water Rights Mitigation Series 2012A, 4.600%, 9/01/27 | 9/22 at 100.00 | A3 | 1,152,946 | ||
9,940 | Total Idaho | 11,989,370 | ||||
Illinois – 5.5% | ||||||
Beford Park Village, Illinois, Hotel and Motel Tax Revenue Bonds, Refunding Series 2015A: | ||||||
920 | 4.000%, 12/01/22 | No Opt. Call | Baa2 | 976,341 | ||
1,395 | 4.000%, 12/01/23 | No Opt. Call | Baa2 | 1,514,844 | ||
1,985 | Champaign County Community Unit School District 4, Illinois, General Obligation Bonds, School Building Series 2020A, 5.000%, 1/01/34 | 1/28 at 100.00 | AA | 2,492,048 | ||
684 | Chicago, Illinois, Certificates of Participation, Tax Increment Allocation Revenue Bonds, Pullman Park/Chicago Redevelopment Project, Series 2013A, 7.125%, 3/15/33 | 8/20 at 100.00 | N/R | 684,493 | ||
100 | Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Senior Lien Refunding Series 2016C, 5.000%, 1/01/27 | 1/26 at 100.00 | A | 120,355 | ||
Chicago, Illinois, Midway Airport Revenue Bonds, Refunding Second Lien Series 2014A: | ||||||
2,000 | 5.000%, 1/01/27 (AMT) | 1/24 at 100.00 | A | 2,240,740 | ||
3,000 | 5.000%, 1/01/30 (AMT) | 1/24 at 100.00 | A | 3,340,950 | ||
Community College District 515, Cook and Will Counties, Illinois, General Obligation Bonds, Series 2020B: | ||||||
1,120 | 5.000%, 12/01/26 – BAM Insured | No Opt. Call | AA | 1,372,000 | ||
1,175 | 5.000%, 12/01/27 – BAM Insured | No Opt. Call | AA | 1,468,820 | ||
1,235 | 5.000%, 12/01/28 – BAM Insured | No Opt. Call | AA | 1,574,366 | ||
105 | Cook County School District 97 Oak Park, Illinois, General Obligation Bonds, School Series 2020, 4.000%, 1/01/25 | No Opt. Call | Aa2 | 121,329 | ||
100 | Cook County Township High School District 202 Evanston, Illinois, General Obligation Bonds, Limited School Series 2012, 3.000%, 12/01/20 | No Opt. Call | Aaa | 100,912 | ||
500 | Cook County, Illinois, Recovery Zone Facility Revenue Bonds, Navistar International Corporation Project, Series 2010, 6.750%, 10/15/40 | 10/20 at 100.00 | BB- | 500,780 | ||
175 | DuPage and Cook Counties Community Unit School District 205, Elmhurst, Illinois, General Obligation Bonds, Refunding Series 2016, 5.000%, 1/01/22 | No Opt. Call | AA+ | 186,757 | ||
175 | DuPage County Community Unit School District 200, Wheaton, Illinois, General Obligation Bonds, Refunding Series 2016, 4.000%, 11/01/22 | No Opt. Call | AA+ | 188,205 | ||
100 | DuPage County, Illinois, Waterworks and Sewerage Project Net Revenue Bonds, First Lien Series 2012, 4.000%, 1/01/22 | No Opt. Call | AA | 103,698 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Evanston, Cook County, Illinois, General Obligation Bonds, Corporate Purpose Series 2019A: | ||||||
$ 725 | 5.000%, 12/01/38 | 12/29 at 100.00 | AA+ | $937,606 | ||
760 | 5.000%, 12/01/39 | 12/29 at 100.00 | AA+ | 979,488 | ||
795 | 5.000%, 12/01/40 | 12/29 at 100.00 | AA+ | 1,019,397 | ||
770 | 5.000%, 12/01/41 | 12/29 at 100.00 | AA+ | 982,982 | ||
Evanston, Cook County, Illinois, General Obligation Bonds, Corporate Purpose Series 2019B: | ||||||
930 | 5.000%, 12/01/38 | 12/29 at 100.00 | AA+ | 1,202,722 | ||
975 | 5.000%, 12/01/39 | 12/29 at 100.00 | AA+ | 1,256,580 | ||
100 | Illinois Finance Authority Revenue Bonds, OSF Healthcare System, Refunding Series 2018A, 5.000%, 5/15/25 | No Opt. Call | A | 118,698 | ||
785 | Illinois Finance Authority, Charter School Revenue Bonds, Uno Charter School Network, Refunding and Improvement Series 2011A, 6.875%, 10/01/31 | 10/21 at 100.00 | BB+ | 818,967 | ||
115 | Illinois Finance Authority, Local Government Program Revenue Bonds, Elmhurst Community Unit School District 205 Project, Series 2019, 5.000%, 1/01/29 | 1/28 at 100.00 | AA+ | 150,019 | ||
360 | Illinois Finance Authority, Revenue Bonds, Centegra Health System, Tender Option Bond Trust 2016-XF2339, 17.395%, 9/01/32, 144A (IF) (4) | 9/22 at 100.00 | AA+ | 468,310 | ||
Illinois Finance Authority, Revenue Bonds, Advocate Health Care Network, Refunding Series 2015: | ||||||
145 | 5.000%, 5/01/45 (UB) (4) | 5/25 at 100.00 | N/R | 176,678 | ||
900 | 5.000%, 5/01/45 (UB) (4) | 5/25 at 100.00 | AA | 1,019,151 | ||
4,000 | Illinois Finance Authority, Revenue Bonds, Ann & Robert H Lurie Children's Hospital of Chicago, Refunding Series 2017, 5.000%, 8/15/35 (UB) (4) | 8/27 at 100.00 | AA | 4,806,720 | ||
115 | Illinois Finance Authority, Revenue Bonds, DePaul University, Refunding Series 2016A, 5.000%, 10/01/20 | No Opt. Call | A+ | 115,783 | ||
4,500 | Illinois Finance Authority, Revenue Bonds, Edward-Elmhurst Healthcare, Refunding Series 2018A, 4.250%, 1/01/44 | 1/28 at 100.00 | A | 5,038,290 | ||
Illinois Finance Authority, Revenue Bonds, Edward-Elmhurst Healthcare, Series 2017A: | ||||||
100 | 5.000%, 1/01/23 | No Opt. Call | A | 109,778 | ||
3,000 | 5.000%, 1/01/36 | 1/27 at 100.00 | A | 3,534,810 | ||
5,000 | Illinois Finance Authority, Revenue Bonds, Northwest Community Hospital, Refunding Series 2016A, 4.000%, 7/01/37 | 7/26 at 100.00 | A | 5,516,850 | ||
Illinois Finance Authority, Revenue Bonds, Northwestern Memorial Healthcare, Series 2017A: | ||||||
170 | 5.000%, 7/15/22 | No Opt. Call | AA+ | 184,909 | ||
2,400 | 4.000%, 7/15/36 (UB) (4) | 1/28 at 100.00 | AA+ | 2,734,344 | ||
1,500 | 4.000%, 7/15/37 (UB) (4) | 1/28 at 100.00 | AA+ | 1,702,125 | ||
475 | 4.000%, 7/15/47 (UB) (4) | 1/28 at 100.00 | AA+ | 525,222 | ||
1,000 | Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2015A, 4.000%, 11/15/33 | 11/25 at 100.00 | A | 1,097,150 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Refunding Series 2015C: | ||||||
$ 25 | 5.000%, 8/15/21 | No Opt. Call | A3 | $26,070 | ||
220 | 5.000%, 8/15/23 | No Opt. Call | A3 | 247,432 | ||
350 | Illinois State, General Obligation Bonds, February Series 2014, 4.000%, 2/01/21 | No Opt. Call | BBB- | 353,405 | ||
4,830 | Knox & Warren Counties Community Unit School District 205 Galesburg, Illinois, General Obligation Bonds, Series 2019A, 5.500%, 12/01/37 | 12/27 at 100.00 | AA- | 6,178,971 | ||
710 | Madison, Macoupin, Jersey, Calhoun, Morgan, Scott, and Greene Counties Community College District 536, Illinois, General Obligation Bonds, Lewis & Clark Community College, Refunding Series 2017A, 5.000%, 11/01/33 – AGM Insured | 11/26 at 100.00 | AA | 869,970 | ||
2,275 | McHenry and Lake Counties Community High School District 156, Illinois, General Obligation Bonds, Series 2019, 5.000%, 2/01/30 | 2/28 at 100.00 | Aa2 | 2,887,817 | ||
570 | Mount Prospect, Cook County, Illinois, General Obligation Bonds, Series 2019B, 3.000%, 12/01/37 | 12/26 at 100.00 | AA+ | 609,837 | ||
1,000 | Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series 2010, 5.500%, 6/01/23 (Pre-refunded 6/01/21) | 6/21 at 100.00 | N/R (5) | 1,044,010 | ||
1,000 | Romeoville, Illinois, Revenue Bonds, Lewis University Project, Series 2018B, 5.000%, 10/01/39 | 4/25 at 100.00 | BBB+ | 1,054,200 | ||
150 | Saint Charles, Illinois, General Obligation Bonds, Corporate Purpose Series 2013A, 4.000%, 12/01/32 | 12/22 at 100.00 | Aa1 | 160,934 | ||
750 | Stephenson County School District 145 Freeport, Illinois, General Obligation Bonds, Limited School Series 2018A, 5.000%, 2/01/34 – AGM Insured | 2/28 at 100.00 | AA | 949,567 | ||
4,000 | The County of Will, Illinois, General Obligation Bonds, Alternate Revenue Source, Series 2019, 4.000%, 11/15/47 | 11/29 at 100.00 | AA+ | 4,688,360 | ||
100 | University of Illinois, Auxiliary Facilities System Revenue Bonds, Series 2014A, 5.000%, 4/01/39 | 4/24 at 100.00 | A1 | 110,629 | ||
100 | University of Illinois, UIC South Campus Development Project Revenue Bonds, Series 2003, 5.000%, 1/15/23 – NPFG Insured | 8/20 at 100.00 | A2 | 100,317 | ||
1,000 | Wilmette, Illinois, General Obligation Bonds, Series 2014, 4.000%, 12/01/43 | 12/22 at 100.00 | Aaa | 1,056,910 | ||
2,500 | Winnetka, Cook County, Illinois, General Obligation Bonds, Series 2014, 5.000%, 12/15/43 | 12/21 at 100.00 | Aaa | 2,637,025 | ||
63,969 | Total Illinois | 74,458,671 | ||||
Indiana – 6.1% | ||||||
1,700 | Carmel Redevelopment District, Indiana, Certificates of Participation, Series 2010C, 6.500%, 7/15/35 (Pre-refunded 1/15/21) | 1/21 at 100.00 | N/R (5) | 1,746,682 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Indiana (continued) | ||||||
GCS School Building Corporation One, Elkhart County, Indiana, First Mortgage Bonds, Series 2019: | ||||||
$ 565 | 5.000%, 1/15/26 | No Opt. Call | AA+ | $691,730 | ||
580 | 5.000%, 7/15/26 | No Opt. Call | AA+ | 719,223 | ||
590 | 5.000%, 1/15/27 | No Opt. Call | AA+ | 739,305 | ||
605 | 5.000%, 7/15/27 | No Opt. Call | AA+ | 768,126 | ||
620 | 5.000%, 1/15/28 | No Opt. Call | AA+ | 795,882 | ||
635 | 5.000%, 7/15/28 | No Opt. Call | AA+ | 825,335 | ||
655 | 5.000%, 1/15/29 | No Opt. Call | AA+ | 859,498 | ||
670 | 5.000%, 7/15/29 | No Opt. Call | AA+ | 890,999 | ||
685 | 5.000%, 1/15/30 | 7/29 at 100.00 | AA+ | 906,385 | ||
405 | 5.000%, 7/15/30 | 7/29 at 100.00 | AA+ | 535,596 | ||
720 | 5.000%, 1/15/31 | 7/29 at 100.00 | AA+ | 948,751 | ||
740 | 5.000%, 7/15/31 | 7/29 at 100.00 | AA+ | 971,590 | ||
Hamilton Southeastern Consolidated School Building Corporation, Hamilton County, Indiana, First Mortgage Bonds, Series 2018: | ||||||
700 | 5.000%, 7/15/35 | 1/28 at 100.00 | AA+ | 885,815 | ||
795 | 5.000%, 7/15/36 | 1/28 at 100.00 | AA+ | 1,001,931 | ||
500 | 5.000%, 7/15/37 | 1/28 at 100.00 | AA+ | 628,070 | ||
1,000 | 5.000%, 7/15/38 | 1/28 at 100.00 | AA+ | 1,252,270 | ||
1,500 | Indiana Finance Authority, Educational Facilities Revenue Bonds, Butler University Project, Refunding Series 2012A, 5.000%, 2/01/25 | 2/22 at 100.00 | A- | 1,578,255 | ||
Indiana Finance Authority, Educational Facilities Revenue Bonds, Butler University Project, Refunding Series 2014A: | ||||||
560 | 5.000%, 2/01/26 | 2/24 at 100.00 | A- | 623,997 | ||
425 | 5.000%, 2/01/27 | 2/24 at 100.00 | A- | 472,069 | ||
Indiana Finance Authority, Educational Facilities Revenue Bonds, Butler University Project, Series 2019: | ||||||
1,100 | 5.000%, 2/01/33 | 8/29 at 100.00 | A- | 1,338,931 | ||
1,350 | 5.000%, 2/01/35 | 8/29 at 100.00 | A- | 1,631,151 | ||
2,565 | Indiana Finance Authority, Educational Facilities Revenue Bonds, Depauw University Project, Series 2019, 5.000%, 7/01/37 | 7/29 at 100.00 | A3 | 3,067,740 | ||
525 | Indiana Finance Authority, Educational Facilities Revenue Bonds, Drexel Foundation For Educational Excellence, Inc, Series 2009A, 7.000%, 10/01/39 | 8/20 at 100.00 | B | 525,803 | ||
3,725 | Indiana Finance Authority, Educational Facilities Revenue Bonds, Rose Hulman Institute Of Technology Project, Series 2018, 5.000%, 6/01/40 | 12/28 at 100.00 | A2 | 4,507,213 | ||
850 | Indiana Finance Authority, Hospital Revenue Bonds, Parkview Health, Series 2018A, 4.000%, 11/01/48 | 11/28 at 100.00 | AA- | 934,065 | ||
2,800 | Indiana Finance Authority, State Revolving Fund Program Bonds, Green Bond Series 2019A, 5.000%, 2/01/38 | 2/29 at 100.00 | AAA | 3,672,116 | ||
3,500 | Indiana Finance Authority, State Revolving Fund Program Bonds, Green Bonds, Series 2019C, 5.000%, 2/01/32 | 2/29 at 100.00 | AAA | 4,695,810 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Indiana (continued) | ||||||
Indiana Finance Authority, State Revolving Fund Program Bonds, Series 2019D: | ||||||
$ 1,715 | 5.000%, 2/01/35 (AMT) | 2/29 at 100.00 | AAA | $2,230,014 | ||
1,800 | 5.000%, 2/01/36 (AMT) | 2/29 at 100.00 | AAA | 2,331,414 | ||
2,020 | Indiana Health Facility Financing Authority, Revenue Bonds, Ascension Health, Series 2011A-1, 5.000%, 11/15/34 | 11/25 at 100.00 | AA+ | 2,411,759 | ||
Indiana Municipal Power Agency Power Supply System Revenue Bonds, Refunding Series 2016C: | ||||||
1,240 | 5.000%, 1/01/27 | 7/26 at 100.00 | A+ | 1,541,456 | ||
1,420 | 5.000%, 1/01/38 | 7/26 at 100.00 | A+ | 1,703,730 | ||
1,000 | Indiana Municipal Power Agency, Power Supply System Revenue Bonds, Series 2013A, 5.250%, 1/01/32 (Pre-refunded 7/01/23) | 7/23 at 100.00 | A+ (5) | 1,146,050 | ||
670 | Indiana Municipal Power Agency, Power Supply System Revenue Bonds, Series 2017A, 5.000%, 1/01/42 | 1/28 at 100.00 | A+ | 823,732 | ||
5,000 | Indianapolis Local Public Improvement Bond Bank, Indiana, Community Justice Campus Bonds, Courthouse & Jail Project, Series 2019A, 5.000%, 2/01/49 (UB) (4) | 2/29 at 100.00 | AAA | 6,232,000 | ||
1,625 | Ivy Tech Community College, Indiana, Student Fee Revenue Bonds, Series 2018V, 5.000%, 7/01/36 | 7/28 at 100.00 | AA | 2,074,524 | ||
400 | Knox County, Indiana, Economic Development Revenue and Refunding Bonds, Good Samaritan Hospital Project, Series 2012A, 5.000%, 4/01/27 | 4/22 at 100.00 | Ba1 | 419,652 | ||
1,000 | Lawrence Township School Building Corporation, Indiana, First Mortgage Bonds, Series 2020, 2.000%, 7/15/34 (WI/DD, Settling 8/13/20) | 7/30 at 100.00 | AA+ | 1,007,110 | ||
North Montgomery High School Building Corporation, Indiana, First Mortgage Bonds, Series 2018: | ||||||
2,375 | 5.000%, 7/15/35 | 7/26 at 100.00 | AA+ | 2,896,835 | ||
2,480 | 5.000%, 7/15/36 | 7/26 at 100.00 | AA+ | 3,011,613 | ||
Plymouth Multi-School Building Corporation, Indiana, First Mortgage Bonds, Series 2018: | ||||||
1,655 | 5.000%, 1/15/34 | 7/28 at 100.00 | AA+ | 2,122,471 | ||
3,655 | 5.000%, 7/15/36 | 7/28 at 100.00 | AA+ | 4,635,417 | ||
Richmond Hospital Authority, Indiana, Revenue Bonds, Reid Hospital Project, Refunding Series 2015A: | ||||||
500 | 5.000%, 1/01/28 | 1/25 at 100.00 | A | 575,515 | ||
815 | 5.000%, 1/01/29 | 1/25 at 100.00 | A | 935,693 | ||
Whitley County Middle School Building Corporation, Columbia City, Indiana, First Mortgage Bonds, Series 2019: | ||||||
1,590 | 5.000%, 7/15/37 | 1/30 at 100.00 | AA+ | 2,063,804 | ||
3,300 | 5.000%, 7/15/38 | 1/30 at 100.00 | AA+ | 4,260,564 | ||
1,710 | 5.000%, 1/15/39 | 1/30 at 100.00 | AA+ | 2,199,522 | ||
67,035 | Total Indiana | 82,837,213 | ||||
Iowa – 0.5% | ||||||
Des Moines Airport Authority, Iowa, Revenue Bonds, Refunding Capital Loan Notes Series 2012: | ||||||
1,000 | 5.000%, 6/01/27 (AMT) | 6/22 at 100.00 | A2 | 1,068,930 | ||
1,000 | 5.000%, 6/01/28 (AMT) | 6/22 at 100.00 | A2 | 1,067,990 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Iowa (continued) | ||||||
$ 3,000 | Iowa Finance Authority, State Revolving Fund Revenue Bonds, Series 2013, 5.000%, 8/01/31 | 8/23 at 100.00 | AAA | $3,379,980 | ||
1,500 | Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B, 5.600%, 6/01/34 | 8/20 at 100.00 | B- | 1,520,610 | ||
6,500 | Total Iowa | 7,037,510 | ||||
Kansas – 1.3% | ||||||
1,075 | Hutchinson, Kansas, Hospital Facilities Revenue Bonds, Hutchinson Regional Medical Center, Inc, Series 2016, 5.000%, 12/01/36 | 12/26 at 100.00 | Ba1 | 1,176,276 | ||
4,000 | Kansas Department of Transportation, Highway Revenue Bonds, Series 2018A, 5.000%, 9/01/36 | 9/27 at 100.00 | AA | 5,002,000 | ||
205 | Kansas Power Pool, a Municipal Energy Agency Electric Utility Revenue Bonds, DogWood Facility, Series 2015A, 5.000%, 12/01/28 | 12/25 at 100.00 | A3 | 247,425 | ||
2,100 | Kansas State Turnpike Authority, Turnpike Revenue Bonds, Refunding Series 20193A, 5.000%, 9/01/37 | 9/29 at 100.00 | Aa2 | 2,783,088 | ||
1,495 | Sedgwick County Unified School District 266 Maize, Harvey County, Kansas, General Obligation Bonds, Series 2019A, 4.000%, 9/01/31 | 9/27 at 100.00 | AA | 1,811,192 | ||
2,000 | University of Kansas Hospital Authority, Health Facilities Revenue Bonds, KU Health System, Refunding & Improvement Series 2015, 5.000%, 9/01/35 | 9/25 at 100.00 | AA- | 2,354,520 | ||
2,690 | University of Kansas Hospital Authority, Health Facilities Revenue Bonds, University of Kansas Health System, Series 2019B, 5.000%, 3/01/33 | 3/30 at 100.00 | AA- | 3,513,597 | ||
13,565 | Total Kansas | 16,888,098 | ||||
Kentucky – 0.4% | ||||||
750 | Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Health, Refunding Series 2017A, 5.000%, 6/01/26 | No Opt. Call | Baa3 | 847,635 | ||
University of Louisville, Kentucky, Revenue Bonds, General Receipts Series 2020A: | ||||||
1,315 | 4.000%, 9/01/29 – AGM Insured | 9/28 at 100.00 | AA | 1,595,897 | ||
1,415 | 2.000%, 9/01/32 – AGM Insured | 9/28 at 100.00 | AA | 1,432,065 | ||
1,525 | 2.125%, 9/01/34 – AGM Insured | 9/28 at 100.00 | AA | 1,545,191 | ||
5,005 | Total Kentucky | 5,420,788 | ||||
Louisiana – 1.9% | ||||||
Board of Commissioners of the Port of New Orleans Port Facility, Louisiana, Revenue Bonds, Refunding Series 2018B: | ||||||
3,000 | 5.000%, 4/01/37 – AGM Insured (AMT) | 4/28 at 100.00 | AA | 3,693,870 | ||
860 | 5.000%, 4/01/38 – AGM Insured (AMT) | 4/28 at 100.00 | AA | 1,052,769 | ||
Greater New Orleans Expressway Commission, Louisiana, Toll Revenue Bonds, Subordinate Lien Series 2017: | ||||||
1,000 | 5.000%, 11/01/36 – AGM Insured | 11/25 at 100.00 | AA | 1,182,350 | ||
805 | 5.000%, 11/01/37 – AGM Insured | 11/25 at 100.00 | AA | 949,103 | ||
4,000 | 5.000%, 11/01/42 – AGM Insured | 11/25 at 100.00 | AA | 4,710,680 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Louisiana (continued) | ||||||
Louisiana Public Facilities Authority, Louisiana, Revenue Bonds, Ochsner Clinic Foundation Project, Refunding Series 2017: | ||||||
$ 2,000 | 5.000%, 5/15/33 | 5/27 at 100.00 | A3 | $2,385,160 | ||
2,000 | 5.000%, 5/15/34 | 5/27 at 100.00 | A3 | 2,379,280 | ||
2,640 | 5.000%, 5/15/35 | 5/27 at 100.00 | A3 | 3,131,330 | ||
50 | Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, Series 2011, 6.375%, 5/15/31 (Pre-refunded 5/15/21) | 5/21 at 100.00 | A3 (5) | 52,419 | ||
1,000 | Louisiana Stadium and Exposition District, Revenue Bonds, Bond Anticipation Notes Series 2020, 5.000%, 7/03/23 | 1/23 at 100.00 | AA- | 1,062,820 | ||
4,000 | Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Refunding Series 2012A-1, 4.000%, 5/01/28 | 5/22 at 100.00 | Aa2 | 4,223,960 | ||
New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal Project, Series 2017B: | ||||||
400 | 5.000%, 1/01/34 (AMT) | 1/27 at 100.00 | A | 473,336 | ||
500 | 5.000%, 1/01/35 (AMT) | 1/27 at 100.00 | A | 590,275 | ||
355 | 5.000%, 1/01/36 (AMT) | 1/27 at 100.00 | A | 417,821 | ||
22,610 | Total Louisiana | 26,305,173 | ||||
Maine – 0.1% | ||||||
1,155 | Portland, Maine, General Airport Revenue Bonds, Refunding Green Series 2019, 4.000%, 1/01/40 | 1/30 at 100.00 | A- | 1,300,565 | ||
Maryland – 1.9% | ||||||
600 | Maryland Health and Higher Educational Facilities Authority, Maryland, Hospital Revenue Bonds, Meritus Medical Center, Series 2015, 5.000%, 7/01/21 | No Opt. Call | A- | 622,368 | ||
250 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds Doctors Community Hospital, Series 2017B, 5.000%, 7/01/32 | 7/27 at 100.00 | Baa3 | 294,027 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Medical Center, Series 2012: | ||||||
1,000 | 5.000%, 7/01/25 | 7/22 at 100.00 | BBB+ | 1,073,510 | ||
1,000 | 5.000%, 7/01/26 | 7/22 at 100.00 | BBB+ | 1,071,320 | ||
500 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Adventist Healthcare, Series 2011A, 6.125%, 1/01/36 | 1/22 at 100.00 | Baa3 | 524,490 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health System, Series 2015: | ||||||
1,200 | 4.000%, 7/01/35 | 7/25 at 100.00 | A+ | 1,327,464 | ||
625 | 5.000%, 7/01/40 | 7/25 at 100.00 | A+ | 720,594 | ||
2,120 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Peninsula Regional Medical Center Issue, Refunding Series 2015, 5.000%, 7/01/39 | 7/24 at 100.00 | A | 2,367,892 | ||
1,000 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical System Issue, Series 2017B, 5.000%, 7/01/28 | 7/27 at 100.00 | A | 1,256,060 | ||
7,700 | Prince George's County, Maryland, Certificates of Participation, University of Maryland Capital Region Medical Center, Series 2018, 5.000%, 10/01/48 | 10/28 at 100.00 | AA+ | 9,719,017 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Maryland (continued) | ||||||
$ 5,000 | Prince George's County, Maryland, General Obligation Consolidated Public Improvement Bonds, Series 2018A, 5.000%, 7/15/31 | 7/28 at 100.00 | AAA | $ 6,656,550 | ||
20,995 | Total Maryland | 25,633,292 | ||||
Massachusetts – 1.6% | ||||||
1,660 | Massachusetts Development Finance Agency, Revenue Bonds, Lahey Health System Obligated Group Issue, Series 2015F, 5.000%, 8/15/30 | 8/25 at 100.00 | A | 1,955,829 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Wellforce Issue, Series 2019A: | ||||||
1,350 | 5.000%, 7/01/34 | 1/29 at 100.00 | BBB+ | 1,614,708 | ||
1,255 | 5.000%, 7/01/36 | 1/29 at 100.00 | BBB+ | 1,492,973 | ||
2,085 | Massachusetts School Building Authority, Dedicated Sales Tax Revenue Bonds, Subordinated Series 2018B, 4.000%, 2/15/43 | 2/24 at 100.00 | AA+ | 2,274,547 | ||
3,500 | Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2017A, 5.000%, 4/01/37 | 4/27 at 100.00 | Aa1 | 4,374,440 | ||
3,885 | Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2017F, 5.000%, 11/01/44 | 11/27 at 100.00 | Aa1 | 4,850,578 | ||
4,000 | Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2020D, 5.000%, 7/01/48 | 7/30 at 100.00 | Aa1 | 5,254,680 | ||
17,735 | Total Massachusetts | 21,817,755 | ||||
Michigan – 1.8% | ||||||
1,200 | Byron Center Public Schools, Kent County, Michigan, General Obligation Bonds, School Building & Site Series 2020-I, 4.000%, 5/01/39 | 5/30 at 100.00 | AA | 1,471,368 | ||
Coldwater Community Schools, Branch County, Michigan, General Obligation Bonds, School Building & Site Series 2018: | ||||||
510 | 5.000%, 5/01/41 | 5/28 at 100.00 | AA | 642,590 | ||
1,220 | 5.000%, 5/01/42 | 5/28 at 100.00 | AA | 1,531,856 | ||
1,000 | Michigan Finance Authority, Distributable State Aid Revenue Bonds, Charter County of Wayne Criminal Justice Center Project, Senior Lien Series 2018, 5.000%, 11/01/43 (UB) (4) | 11/28 at 100.00 | Aa3 | 1,252,190 | ||
385 | Michigan Finance AuthorIty, Public School Academy Limited Obligation Revenue Bonds, Voyageur Academy Project, Refunding Series 2017 Private Placement of 2017, 5.900%, 7/15/46, 144A | 7/27 at 100.00 | N/R | 335,454 | ||
3,315 | Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2011MI, 5.000%, 12/01/39 (Pre-refunded 12/01/21) | 12/21 at 100.00 | AA- (5) | 3,526,364 | ||
4,450 | Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2015MI, 5.000%, 12/01/34 (Pre-refunded 6/01/22) | 6/22 at 100.00 | AA- (5) | 4,836,349 | ||
Oakland University, Michigan, General Revenue Bonds, Series 2019: | ||||||
930 | 5.000%, 3/01/39 | 3/29 at 100.00 | A1 | 1,151,266 | ||
1,000 | 5.000%, 3/01/40 | 3/29 at 100.00 | A1 | 1,234,910 | ||
1,025 | 5.000%, 3/01/41 | 3/29 at 100.00 | A1 | 1,262,370 | ||
1,900 | Ottawa County, Michigan, General Obligation Bonds, Refunding Water Supply System Series 2015, 5.000%, 8/01/30 | 2/25 at 100.00 | Aaa | 2,286,650 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Michigan (continued) | ||||||
Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont Hospital Obligated Group, Refunding Series 2014D: | ||||||
$ 1,330 | 5.000%, 9/01/31 | 3/24 at 100.00 | A+ | $1,506,491 | ||
2,200 | 5.000%, 9/01/33 | 3/24 at 100.00 | A+ | 2,478,322 | ||
1,140 | Wayne State University, Michigan, General Revenue Bonds, Series 2018A, 5.000%, 11/15/35 | 11/25 at 100.00 | Aa3 | 1,334,028 | ||
21,605 | Total Michigan | 24,850,208 | ||||
Minnesota – 0.4% | ||||||
835 | Forest Lake, Minnesota, Charter School Lease Revenue Bonds, Lakes International Language Academy, Series 2014A, 4.500%, 8/01/26 | 8/22 at 102.00 | BB+ | 882,136 | ||
Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Community of Peace Academy Project, Series 2019: | ||||||
1,155 | 3.000%, 12/01/29 | No Opt. Call | BBB- | 1,186,589 | ||
1,895 | 5.000%, 12/01/39 | 12/29 at 100.00 | BBB- | 2,235,645 | ||
1,165 | Sauk Rapids, Minnesota, Health Care and Housing Facilities Revenue Bonds, Good Shepherd Lutheran Home, Refunding Series 2013, 4.000%, 1/01/24 | 1/23 at 100.00 | N/R | 1,146,745 | ||
5,050 | Total Minnesota | 5,451,115 | ||||
Mississippi – 0.3% | ||||||
750 | Medical Center Educational Building Corporation, Mississippi, Revenue Bonds, University of Mississippi Medical Center Facilities Expansion and Renovation Project, Series 2012A, 5.000%, 6/01/41 | 6/22 at 100.00 | Aa2 | 798,157 | ||
1,190 | Mississippi Development Bank, Special Obligation Bonds, Harrison County, Mississippi Highway Refunding Project, Series 2013A, 5.000%, 1/01/26 | No Opt. Call | AA- | 1,468,151 | ||
1,135 | Mississippi Development Bank, Special Obligation Bonds, Rankin County School District General Obligation Project, Series 2019, 5.000%, 6/01/40 | 6/29 at 100.00 | AA | 1,468,418 | ||
3,075 | Total Mississippi | 3,734,726 | ||||
Missouri – 1.0% | ||||||
1,485 | Boone County, Missouri, Hospital Revenue Bonds, Boone Hospital Center, Refunding Series 2016, 5.000%, 8/01/27 | 8/26 at 100.00 | BBB- | 1,678,941 | ||
1,000 | Greene County, Missouri, Certificates of Participation, Capital Projects, Series 2018, 5.000%, 9/01/36 | 9/28 at 100.00 | Aa3 | 1,271,810 | ||
500 | Missouri Health and Educational Facilities Authority, Revenue Bonds, Children's Mercy Hospital, Series 2017A, 4.000%, 5/15/42 (UB) (4) | 5/27 at 102.00 | A+ | 550,765 | ||
300 | Plaza at Noah's Ark Community Improvement District, Saint Charles, Missouri, Tax Increment and Improvement District Revenue Bonds, Series 2015, 3.250%, 5/01/21 | No Opt. Call | N/R | 303,162 | ||
Saint Charles County Public Water Supply District 2, Missouri, Certificates of Participation, Missouri Project Series 2019: | ||||||
250 | 4.000%, 12/01/35 | 12/25 at 100.00 | AA+ | 281,658 | ||
430 | 4.000%, 12/01/37 | 12/25 at 100.00 | AA+ | 481,892 | ||
850 | 4.000%, 12/01/38 | 12/25 at 100.00 | AA+ | 950,870 | ||
835 | Saint Louis, Missouri, Airport Revenue Bonds, Lambert-St Louis International Airport, Refunding Series 2019A, 5.000%, 7/01/39 | 7/29 at 100.00 | A | 1,029,087 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Missouri (continued) | ||||||
$ 274 | Saint Louis, Missouri, Tax Increment Financing Revenue Notes, Marquette Building Redevelopment Project, Series 2008-A, 6.500%, 1/23/28 | 8/20 at 100.00 | N/R | $155,966 | ||
1,500 | Transportation Development District, Missouri, Transportation Sales Tax Revenue Bonds, Series 2017, 4.500%, 6/01/36 | 6/26 at 100.00 | BBB | 1,637,625 | ||
Wentzville, Missouri, Certificates of Participation, Series 2019: | ||||||
895 | 5.000%, 11/01/28 | 11/27 at 100.00 | A3 | 1,130,591 | ||
590 | 5.000%, 11/01/30 | 11/27 at 100.00 | A3 | 737,524 | ||
1,040 | 5.000%, 11/01/31 | 11/27 at 100.00 | A3 | 1,292,730 | ||
1,090 | 5.000%, 11/01/32 | 11/27 at 100.00 | A3 | 1,346,510 | ||
11,039 | Total Missouri | 12,849,131 | ||||
Montana – 1.2% | ||||||
Bozeman, Montana, Tax Increment Revenue Bonds, Bozeman Midtown Urban Renewal District, Series 2020: | ||||||
500 | 4.000%, 7/01/35 – AGM Insured | 7/30 at 100.00 | AA | 587,365 | ||
425 | 4.000%, 7/01/40 – AGM Insured | 7/30 at 100.00 | AA | 489,277 | ||
Montana Facilities Finance Authority, Montana, Health Facilities Revenue Bonds, Bozeman Deaconess Health Services Obligated Group, Series 2018: | ||||||
675 | 5.000%, 6/01/36 | 6/28 at 100.00 | A | 819,234 | ||
1,255 | 5.000%, 6/01/37 | 6/28 at 100.00 | A | 1,518,826 | ||
1,500 | Montana State Board of Investments, Municipal Finance Consolidation Act Bonds, INTERCAP Revolving Program, Annual Adjustable Rate Tender Option, Series 2007, 1.000%, 3/01/32 (Mandatory Put 3/01/21) | 3/21 at 100.00 | Aa2 | 1,504,215 | ||
2,000 | Montana State Board of Investments, Municipal Finance Consolidation Act Bonds, INTERCAP Revolving Program, Annual Adjustable Rate Tender Option, Series 2010, 1.000%, 3/01/35 (Mandatory Put 3/01/21) | 3/21 at 100.00 | Aa2 | 2,005,620 | ||
2,765 | Montana State Board of Investments, Municipal Finance Consolidation Act Bonds, INTERCAP Revolving Program, Annual Adjustable Rate Tender Option, Series 2013, 1.000%, 3/01/38 (Mandatory Put 3/01/21) | 3/21 at 100.00 | Aa2 | 2,772,770 | ||
2,685 | Montana State University, Facilities Revenue Bonds, Series 2018E, 5.000%, 11/15/43 | 11/27 at 100.00 | Aa3 | 3,216,496 | ||
2,980 | Yellowstone County K-12 School District 26 Lockwood, Montana, General Obligation Bonds, School Building Series 2018, 5.000%, 7/01/35 | 7/28 at 100.00 | A | 3,820,777 | ||
14,785 | Total Montana | 16,734,580 | ||||
Nebraska – 0.9% | ||||||
Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Children's Hospital Obligated Group, Series 2017: | ||||||
1,045 | 5.000%, 11/15/36 | 5/27 at 100.00 | AA- | 1,257,302 | ||
1,070 | 5.000%, 11/15/37 | 5/27 at 100.00 | AA- | 1,284,353 | ||
900 | Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015, 5.000%, 11/01/29 | 11/25 at 100.00 | A | 1,063,323 | ||
Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Refunding Series 2017A: | ||||||
1,000 | 5.000%, 7/01/27 | No Opt. Call | BBB | 1,220,570 | ||
1,500 | 5.000%, 7/01/28 | 7/27 at 100.00 | BBB | 1,813,125 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Nebraska (continued) | ||||||
$ 525 | Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Series 2018, 5.000%, 7/01/29 | 7/25 at 100.00 | BBB | $604,816 | ||
600 | Omaha Airport Authority, Nebraska, Airport Facilities Revenue Refunding Bonds, Series 2017A, 5.000%, 12/15/34 (AMT) | 12/26 at 100.00 | AA- | 716,820 | ||
1,000 | Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Series 2017A, 5.000%, 2/01/42 | 12/27 at 100.00 | AA | 1,263,770 | ||
2,800 | Southeast Community College Area, Nebraska, Certificates of Participation, Series 2018, 5.000%, 12/15/47 | 6/28 at 100.00 | Aa1 | 3,488,296 | ||
10,440 | Total Nebraska | 12,712,375 | ||||
Nevada – 1.1% | ||||||
Carson City, Nevada, Hospital Revenue Bonds, Carson Tahoe Regional Healthcare Project, Series 2017A: | ||||||
505 | 5.000%, 9/01/31 | 9/27 at 100.00 | A- | 607,919 | ||
1,000 | 5.000%, 9/01/33 | 9/27 at 100.00 | A- | 1,188,840 | ||
4,000 | Clark County, Nevada Airport Revenue Bonds, Senior Series 2015A, 5.000%, 7/01/40 | 7/25 at 100.00 | Aa2 | 4,629,920 | ||
2,000 | Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Water Improvement Series 2016A, 5.000%, 6/01/41 (UB) (4) | 6/26 at 100.00 | Aa1 | 2,420,280 | ||
1,000 | Las Vegas Valley Water District, Nevada, General Obligation Bonds, Water Series 2012B, 4.000%, 6/01/37 | 6/22 at 100.00 | Aa1 | 1,049,360 | ||
Las Vegas, Nevada, Local Improvement Bonds, Special Improvement District 812 Summerlin Village 24, Series 2015: | ||||||
1,230 | 4.000%, 12/01/23 | No Opt. Call | N/R | 1,271,414 | ||
975 | 4.250%, 12/01/24 | No Opt. Call | N/R | 1,024,062 | ||
450 | Las Vegas, Nevada, Local Improvement Bonds, Special Improvement District 814 Summerlin Village 21& 24A, Series 2019, 3.250%, 6/01/24 | No Opt. Call | N/R | 458,059 | ||
2,425 | Nevada System of Higher Education, Certificates of Participation, Series 2020A, 3.000%, 7/01/40 | 7/29 at 100.00 | AA | 2,504,516 | ||
13,585 | Total Nevada | 15,154,370 | ||||
New Hampshire – 0.5% | ||||||
580 | New Hampshire Health and Education Facilities Authority, Revenue Bonds, Catholic Medical Center, Series 2012, 5.000%, 7/01/27 | 7/22 at 100.00 | BBB+ | 616,088 | ||
New Hampshire Health and Education Facilities Authority, Revenue Bonds, Catholic Medical Center, Series 2017: | ||||||
3,145 | 5.000%, 7/01/35 | 7/27 at 100.00 | BBB+ | 3,629,550 | ||
1,950 | 5.000%, 7/01/37 | 7/27 at 100.00 | BBB+ | 2,232,399 | ||
160 | New Hampshire Health and Education Facilities Authority, Revenue Bonds, Dartmouth-Hitchcock Obligated Group, Series 2018A, 5.000%, 8/01/36 | 2/28 at 100.00 | A | 192,118 | ||
5,835 | Total New Hampshire | 6,670,155 | ||||
New Jersey – 2.9% | ||||||
1,250 | Bergen County Improvement Authority, New Jersey, County Guaranteed Project Note, Bergen New Bridge Medical Center Project, Series 2019A, 4.000%, 9/01/20 | No Opt. Call | N/R | 1,252,975 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Jersey (continued) | ||||||
New Jersey Economic Development Authority, Charter School Revenue Bonds, North Star Academy Charter School of Newark, Series 2017: | ||||||
$ 460 | 5.000%, 7/15/23 | No Opt. Call | BBB- | $502,578 | ||
485 | 5.000%, 7/15/24 | No Opt. Call | BBB- | 543,137 | ||
510 | 5.000%, 7/15/25 | No Opt. Call | BBB- | 581,981 | ||
535 | 5.000%, 7/15/26 | No Opt. Call | BBB- | 618,974 | ||
560 | 5.000%, 7/15/27 | No Opt. Call | BBB- | 656,314 | ||
1,000 | New Jersey Economic Development Authority, School Facilities Construction Bonds, Refunding Series 2015XX, 5.000%, 6/15/25 | No Opt. Call | BBB+ | 1,155,530 | ||
New Jersey Economic Development Authority, Special Facility Revenue Bonds, Port Newark Container Terminal LLC Project, Refunding Series 2017: | ||||||
1,755 | 5.000%, 10/01/22 (AMT) | No Opt. Call | Ba1 | 1,856,070 | ||
1,525 | 5.000%, 10/01/23 (AMT) | No Opt. Call | Ba1 | 1,647,762 | ||
1,800 | 5.000%, 10/01/24 (AMT) | No Opt. Call | Ba1 | 1,984,104 | ||
1,375 | New Jersey Economic Development Authority, Water Facilities Revenue Bonds, New Jersey-American Water Company Inc Project, Refunding Series 2020A, 1.000%, 6/01/23 | No Opt. Call | A+ | 1,380,294 | ||
5,000 | New Jersey Health Care Facilities Financing Authority, State Contract Bonds, Hospital Asset Transformation Program, Refunding Series 2017, 5.000%, 10/01/29 | 4/28 at 100.00 | BBB+ | 5,910,950 | ||
2,235 | New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Revenue Notes, Series 2018A, 5.000%, 6/15/28 | 6/26 at 100.00 | A+ | 2,614,525 | ||
1,700 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2009C, 5.250%, 6/15/32 | 12/24 at 100.00 | BBB+ | 1,901,450 | ||
250 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2011A, 5.250%, 6/15/30 | 6/21 at 100.00 | BBB+ | 256,828 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2011B: | ||||||
2,025 | 5.250%, 6/15/36 | 6/21 at 100.00 | BBB+ | 2,076,354 | ||
1,245 | 5.000%, 6/15/42 (Pre-refunded 6/15/21) | 6/21 at 100.00 | BBB+ (5) | 1,297,551 | ||
265 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2012A, 5.000%, 6/15/42 | 6/22 at 100.00 | BBB+ | 277,047 | ||
325 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2012AA, 5.000%, 6/15/33 | 6/22 at 100.00 | BBB+ | 341,585 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2013AA: | ||||||
330 | 5.250%, 6/15/33 | 6/23 at 100.00 | BBB+ | 357,878 | ||
645 | 5.000%, 6/15/36 | 6/23 at 100.00 | BBB+ | 693,627 | ||
200 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2015AA, 5.250%, 6/15/32 | 6/25 at 100.00 | BBB+ | 225,556 | ||
2,000 | New Jersey Turnpike Authority, Revenue Bonds, Refunding Series 2017A, 5.000%, 1/01/32 | 1/27 at 100.00 | A+ | 2,434,640 | ||
New Jersey Turnpike Authority, Revenue Bonds, Tender Option Bond Trust 2016-XF1057: | ||||||
120 | 17.108%, 1/01/43, 144A (IF) (4) | 7/22 at 100.00 | A+ | 159,107 | ||
190 | 17.108%, 1/01/43, 144A (IF) (4) | 7/22 at 100.00 | N/R (5) | 251,919 | ||
500 | Newark, New Jersey, General Obligation Notes, Series 2020, 3.500%, 7/27/21 | No Opt. Call | N/R | 510,315 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Jersey (continued) | ||||||
Passaic County Improvement Authority, New Jersey, County Guaranteed Governmental Loan Revenue Bond, Patterson City Board of Education Project, Green Series 2020: | ||||||
$ 500 | 3.000%, 2/01/39 | 2/30 at 100.00 | Aa1 | $546,305 | ||
1,055 | 3.000%, 2/01/40 | 2/30 at 100.00 | Aa1 | 1,148,494 | ||
South Jersey Port Corporation, New Jersey, Marine Terminal Revenue Bonds, Subordinate Series 2017B: | ||||||
2,100 | 5.000%, 1/01/34 (AMT) | 1/28 at 100.00 | Baa1 | 2,345,175 | ||
1,300 | 5.000%, 1/01/35 (AMT) | 1/28 at 100.00 | Baa1 | 1,447,797 | ||
1,250 | 5.000%, 1/01/36 (AMT) | 1/28 at 100.00 | Baa1 | 1,387,313 | ||
1,000 | Woodbridge Township, Middlesex County, New Jersey, General Obligation Bonds, Bond Anticipation Notes Series 2019, 3.000%, 10/16/20 | No Opt. Call | N/R | 1,005,590 | ||
35,490 | Total New Jersey | 39,369,725 | ||||
New Mexico – 0.3% | ||||||
850 | Albuquerque, New Mexico, Refuse Removal and Disposal Revenue Bonds, Series 2020, 5.000%, 7/01/38 | 7/30 at 100.00 | AA | 1,118,668 | ||
2,880 | New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian Healthcare Services, Series 2012A, 5.000%, 8/01/42 (Pre-refunded 8/01/22) | 8/22 at 100.00 | AA (5) | 3,151,613 | ||
3,730 | Total New Mexico | 4,270,281 | ||||
New York – 6.0% | ||||||
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan Kettering Cancer Center, Series 2017-1: | ||||||
1,750 | 4.000%, 7/01/36 (UB) (4) | 7/27 at 100.00 | AA | 2,042,740 | ||
1,750 | 4.000%, 7/01/37 (UB) (4) | 7/27 at 100.00 | AA | 2,037,490 | ||
3,000 | Dormitory Authority of the State of New York, Revenue Bonds, Montefiore Obligated Group, Series 2020A, 3.000%, 9/01/50 – AGM Insured | 3/30 at 100.00 | AA | 3,147,030 | ||
Dormitory Authority of the State of New York, Revenue Bonds, NYU Langone Hospitals Obligated Group, Series 2020A: | ||||||
2,670 | 4.000%, 7/01/50 (UB) (4) | 7/30 at 100.00 | A | 3,069,672 | ||
2,670 | 4.000%, 7/01/53 (UB) (4) | 7/30 at 100.00 | A | 3,059,473 | ||
300 | Dormitory Authority of the State of New York, Revenue Bonds, Orange Regional Medical Center Obligated Group, Series 2017, 5.000%, 12/01/29, 144A | 6/27 at 100.00 | BBB- | 360,462 | ||
750 | Dormitory Authority of the State of New York, Revenue Bonds, Rockefeller University, Series 2012B, 5.000%, 7/01/38 | 7/22 at 100.00 | Aa1 | 817,298 | ||
1,260 | Hempstead Town Local Development Corporation, New York, Revenue Bonds, Molloy College Project, Refunding Series 2017, 5.000%, 7/01/37 | 7/27 at 100.00 | BBB | 1,440,760 | ||
4,500 | Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Second Indenture Fiscal 2017 Series A, 5.000%, 2/15/36 | 2/27 at 100.00 | Aa2 | 5,477,355 | ||
320 | Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series 2005, 5.250%, 10/01/35 | No Opt. Call | A | 451,990 | ||
340 | Liberty Development Corporation, New York, Goldman Sachs Headquarters Revenue Bonds Series 2007, 5.500%, 10/01/37 | No Opt. Call | A | 500,337 | ||
1,455 | Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2014A, 5.000%, 9/01/44 | 9/24 at 100.00 | A | 1,675,709 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
$ 1,000 | Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2015B, 5.000%, 9/01/36 | 9/25 at 100.00 | A | $1,178,280 | ||
2,000 | Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2017, 5.000%, 9/01/36 | 9/27 at 100.00 | A | 2,472,040 | ||
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2018B-2, Subseries A-E: | ||||||
115 | 5.000%, 5/15/21 | No Opt. Call | N/R | 117,205 | ||
250 | 5.000%, 5/15/21 | No Opt. Call | N/R | 254,793 | ||
100 | 5.000%, 5/15/21 | No Opt. Call | N/R | 101,917 | ||
750 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding Series 2012H, 5.000%, 11/15/20 | No Opt. Call | A+ | 755,250 | ||
100 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2012D, 5.000%, 11/15/20 | No Opt. Call | A+ | 100,700 | ||
500 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2013D, 5.000%, 11/15/20 | No Opt. Call | A+ | 503,500 | ||
925 | Monroe County Industrial Development Corporation, New York, Revenue Bonds, Nazareth College of Rochester, Series 2017A, 5.000%, 10/01/31 | 10/27 at 100.00 | BBB+ | 1,061,012 | ||
2,500 | Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed Bonds, Refunding Series 2006A-2, 5.250%, 6/01/26 | 8/20 at 100.00 | B- | 2,500,175 | ||
New Rochelle Corporation, New York, Local Development Revenue Bonds, Iona College Project, Series 2015A: | ||||||
1,245 | 5.000%, 7/01/31 | 7/25 at 100.00 | BBB | 1,382,274 | ||
370 | 5.000%, 7/01/32 | 7/25 at 100.00 | BBB | 408,968 | ||
1,930 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2015 Series BB-1, 5.000%, 6/15/46 (UB) (4) | 6/25 at 100.00 | AA+ | 2,277,168 | ||
5,000 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2016 Subseries CC-1, 5.000%, 6/15/38 | 12/26 at 100.00 | AA+ | 6,140,800 | ||
5,000 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2018 Series EE, 5.000%, 6/15/39 | 12/25 at 100.00 | AA+ | 6,054,750 | ||
3,000 | New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2017 Series B-1, 5.000%, 8/01/38 | 8/26 at 100.00 | AAA | 3,646,170 | ||
775 | New York City, New York, General Obligation Bonds, Fiscal 2016 Series A-1, 5.000%, 8/01/38 (UB) (4) | 8/26 at 100.00 | Aa1 | 928,070 | ||
5,000 | New York City, New York, General Obligation Bonds, Fiscal 2019 Series D-1, 5.000%, 12/01/39 | 12/28 at 100.00 | Aa1 | 6,303,900 | ||
New York Counties Tobacco Trust VI, New York, Tobacco Settlement Pass-Through Bonds, Series 2016B: | ||||||
540 | 5.000%, 6/01/29 | 6/26 at 100.00 | A | 632,648 | ||
250 | 5.000%, 6/01/31 | 6/26 at 100.00 | A- | 288,955 | ||
2,840 | New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 1 Series 2014, 5.000%, 11/15/44, 144A | 11/24 at 100.00 | N/R | 3,024,117 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
$ 3,000 | New York State Environmental Facilities Corporation, State Clean Water and Drinking Water Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects-Second Resolution Bonds,, 5.000%, 6/15/42 (4) | 6/27 at 100.00 | AAA | $3,736,620 | ||
New York State Environmental Facilities Corporation, State Clean Water and Drinking Water Revolving Funds Revenue Bonds, Pooled Loan Issue, Series 2005B: | ||||||
500 | 5.500%, 10/15/27 (ETM) | No Opt. Call | AAA | 672,590 | ||
1,000 | 5.500%, 4/15/35 (ETM) | No Opt. Call | AAA | 1,498,540 | ||
1,065 | New York Transportation Development Corporation, New York, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A, 4.000%, 7/01/33 (AMT) | 7/24 at 100.00 | BBB | 1,119,922 | ||
Newburgh, Orange County, New York, General Obligation Bonds, Deficit Liquidation, Series 2012B: | ||||||
605 | 5.000%, 6/15/24 | 6/22 at 100.00 | Baa2 | 654,144 | ||
635 | 5.000%, 6/15/25 | 6/22 at 100.00 | Baa2 | 686,581 | ||
915 | Newburgh, Orange County, New York, General Obligation Bonds, Series 2012A, 5.000%, 6/15/25 – AGC Insured | 6/22 at 100.00 | Baa2 | 996,490 | ||
1,530 | Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred Seventh Series 2018, 5.000%, 9/15/27 (AMT) | No Opt. Call | Aa3 | 1,938,892 | ||
600 | Poughkeepsie City, New York, General Obligation Bonds, Refunding Public Improvement Series 2019, 5.000%, 6/01/31 | 6/26 at 100.00 | Ba1 | 636,750 | ||
1,000 | Syracuse, New York, General Obligation Bonds, Airport Terminal Security Access Improvement Series 2011A, 5.000%, 11/01/36 (AMT) | 11/21 at 100.00 | A1 | 1,046,250 | ||
260 | Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Refunding Subordinate Lien Series 2017A2, 5.000%, 11/15/42 | 5/27 at 100.00 | AA- | 314,595 | ||
2,895 | Triborough Bridge and Tunnel Authority, New York, General Revenue Bonds, MTA Bridges & Tunnels, Series 2020A, 5.000%, 11/15/54 | 11/30 at 100.00 | AA- | 3,699,781 | ||
465 | Yonkers Economic Development Corporation, New York, Educational Revenue Bonds, Lamartine/Warburton LLC-Charter School of Educational Excellence Project, Series 2019A, 5.000%, 10/15/54 | 10/29 at 100.00 | N/R | 484,814 | ||
69,425 | Total New York | 81,698,977 | ||||
North Carolina – 2.5% | ||||||
1,465 | Apex, North Carolina, General Obligation Bonds, Parks & Recreation Series 2020B, 5.000%, 6/01/29 | No Opt. Call | AAA | 2,018,433 | ||
Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2017B: | ||||||
1,000 | 5.000%, 7/01/42 (AMT) | 7/27 at 100.00 | Aa3 | 1,196,490 | ||
1,000 | 5.000%, 7/01/47 (AMT) | 7/27 at 100.00 | Aa3 | 1,187,810 | ||
Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Series 2019B: | ||||||
890 | 5.000%, 7/01/29 (AMT) | No Opt. Call | Aa3 | 1,167,582 | ||
935 | 5.000%, 7/01/30 (AMT) | 7/29 at 100.00 | Aa3 | 1,218,081 | ||
985 | 5.000%, 7/01/31 (AMT) | 7/29 at 100.00 | Aa3 | 1,275,014 | ||
665 | Charlotte, North Carolina, Water and Sewer System Refunding Bonds, Tender Option Bond Trust 2016-XL0012, 13.364%, 7/01/38, 144A (IF) (4) | 9/20 at 100.00 | AAA | 671,105 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
North Carolina (continued) | ||||||
$ 4,080 | Charlotte, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2015, 5.000%, 7/01/40 | 7/25 at 100.00 | AAA | $4,824,233 | ||
North Carolina Capital Facilities Finance Agency, Revenue Bonds, Duke University Project, Series 2015B: | ||||||
125 | 5.000%, 10/01/41 (Pre-refunded 10/01/25) (UB) (4) | 10/25 at 100.00 | AA+ (5) | 155,266 | ||
1,020 | 5.000%, 10/01/55 (Pre-refunded 10/01/25) (UB) (4) | 10/25 at 100.00 | AA+ (5) | 1,266,973 | ||
350 | North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Refunding Series 1993B, 6.000%, 1/01/22 – FGIC Insured (ETM) | No Opt. Call | Baa2 (5) | 378,171 | ||
North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Series 2012A: | ||||||
1,000 | 5.000%, 1/01/25 (Pre-refunded 7/01/22) | 7/22 at 100.00 | N/R (5) | 1,090,570 | ||
1,500 | 5.000%, 1/01/26 (Pre-refunded 7/01/22) | 7/22 at 100.00 | N/R (5) | 1,635,855 | ||
3,155 | North Carolina Medial Care Commission, Health Care Facilities Revenue Bonds, Rex Healthcare, Series 2020A, 4.000%, 7/01/49 (UB) (4) | 1/30 at 100.00 | AA- | 3,589,254 | ||
750 | North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Refunding Series 2017A, 5.000%, 10/01/37 | 10/23 at 103.00 | BBB | 792,217 | ||
3,500 | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding Series 2018, 5.000%, 1/01/31 | 1/29 at 100.00 | BBB | 4,378,080 | ||
1,000 | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding Senior Lien Series 2017, 5.000%, 1/01/32 | 1/27 at 100.00 | BBB | 1,190,320 | ||
Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series 2017A: | ||||||
1,110 | 5.000%, 5/01/31 (AMT) | 5/27 at 100.00 | Aa3 | 1,358,995 | ||
1,750 | 5.000%, 5/01/32 (AMT) | 5/27 at 100.00 | Aa3 | 2,131,412 | ||
1,135 | 5.000%, 5/01/33 (AMT) | 5/27 at 100.00 | Aa3 | 1,375,802 | ||
500 | Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series 2020A, 5.000%, 5/01/33 (AMT) | 5/30 at 100.00 | Aa3 | 647,535 | ||
27,915 | Total North Carolina | 33,549,198 | ||||
North Dakota – 0.3% | ||||||
1,365 | North Dakota Public Finance Authority, Capital Financing Program Revenue Bonds, Series 2015B, 5.250%, 6/01/27 | 6/25 at 100.00 | AA- | 1,672,275 | ||
1,485 | Ward County Health Care, North Dakota, Revenue Bonds, Trinity Obligated Group, Series 2017C, 5.000%, 6/01/34 | 6/28 at 100.00 | BBB- | 1,707,824 | ||
2,850 | Total North Dakota | 3,380,099 | ||||
Ohio – 2.2% | ||||||
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1: | ||||||
975 | 4.000%, 6/01/37 | 6/30 at 100.00 | A- | 1,147,185 | ||
945 | 4.000%, 6/01/38 | 6/30 at 100.00 | A- | 1,108,211 | ||
945 | 4.000%, 6/01/39 | 6/30 at 100.00 | A- | 1,104,544 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Ohio (continued) | ||||||
City of Elyria, Ohio, General Obligation Various Purpose Bonds, Series 2018: | ||||||
$ 1,315 | 5.000%, 12/01/39 – BAM Insured (Pre-refunded 6/01/23) | 6/23 at 100.00 | AA (5) | $1,494,721 | ||
3,045 | 5.000%, 12/01/43 – BAM Insured (Pre-refunded 6/01/23) | 6/23 at 100.00 | AA (5) | 3,461,160 | ||
Cleveland, Ohio, Income Tax Revenue Bonds, Bridges & Roadways Improvements, Subordinate Lien Series 2015A-2: | ||||||
115 | 5.000%, 10/01/37 (Pre-refunded 10/01/23) | 10/23 at 100.00 | N/R (5) | 131,703 | ||
335 | 5.000%, 10/01/37 (Pre-refunded 10/01/23) | 10/23 at 100.00 | AA+ (5) | 384,798 | ||
870 | Cleveland, Ohio, Income Tax Revenue Bonds, Public Facilities Improvements, Subordinate Lien Series 2018A, 5.000%, 10/01/38 | 4/28 at 100.00 | AA | 1,074,911 | ||
1,000 | Cuyahoga Community College District, Ohio, General Obligation Bonds, Facilities Construction & Improvement Series 2018, 5.000%, 12/01/37 | 6/26 at 100.00 | Aa1 | 1,210,770 | ||
2,000 | Franklin County, Ohio, Hospital Facilities Revenue Bonds, OhioHealth Corporation, Series 2015, 5.000%, 5/15/35 | 5/25 at 100.00 | AA+ | 2,326,140 | ||
Franklin County, Ohio, Sales Tax Revenue Bonds, Various Purpose Series 2018: | ||||||
2,250 | 5.000%, 6/01/36 | 6/28 at 100.00 | AAA | 2,903,782 | ||
2,250 | 5.000%, 6/01/37 | 6/28 at 100.00 | AAA | 2,895,412 | ||
550 | Muskingum County, Ohio, Hospital Facilities Revenue Bonds, Genesis HealthCare System Obligated Group Project, Series 2013, 5.000%, 2/15/27 | 2/23 at 100.00 | BB+ | 585,013 | ||
Ohio Higher Educational Facility Commission, Revenue Bonds, Kenyon College, Series 2017: | ||||||
500 | 5.000%, 7/01/34 | 7/27 at 100.00 | A | 607,490 | ||
495 | 5.000%, 7/01/42 | 7/27 at 100.00 | A | 589,793 | ||
2,500 | Ohio State, Capital Facilities Lease-Appropriation Bonds, Special Obligation, Administrative Building Fund Projects, Series 2017A, 5.000%, 4/01/35 | 4/27 at 100.00 | AA | 3,088,275 | ||
2,040 | Ohio State, Hospital Revenue Bonds, Cleveland Clinic Health System Obligated Group, Refunding Series 2017A, 5.000%, 1/01/32 | 1/28 at 100.00 | AA | 2,583,313 | ||
2,450 | Ohio Water Development Authority, Revenue Bonds, Fresh Water Development, Series 2019, 5.000%, 6/01/44 | 12/29 at 100.00 | AAA | 3,223,906 | ||
375 | Southeastern Ohio Port Authority, Hospital Facilities Revenue Bonds, Memorial Health System Obligated Group Project, Improvement Series 2015, 5.000%, 12/01/20 | No Opt. Call | BB- | 379,268 | ||
24,955 | Total Ohio | 30,300,395 | ||||
Oklahoma – 0.6% | ||||||
2,000 | Edmond Public Works Authority, Oklahoma, Sales Tax and Utility Systems Revenue Bonds, Series 2017, 5.000%, 7/01/42 | 7/27 at 100.00 | AA- | 2,461,220 | ||
Kingfisher Special Projects Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Kingfisher Public Schools Project, Series 2020: | ||||||
550 | 4.000%, 3/01/24 | No Opt. Call | A | 619,157 | ||
2,170 | 4.000%, 3/01/28 | No Opt. Call | A | 2,656,362 | ||
500 | Marshall County Educational Facilities Authority, Oklahoma, Lease Revenue Bonds, Madill Public Schools Project, Series 2017A, 5.000%, 9/01/32 | 9/27 at 100.00 | A- | 613,715 | ||
1,370 | Oklahoma State Turnpike Authority, Turnpike System Revenue Bonds, Second Senior Series 2017A, 5.000%, 1/01/37 | 1/26 at 100.00 | AA- | 1,645,137 | ||
6,590 | Total Oklahoma | 7,995,591 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oregon – 0.7% | ||||||
$ 950 | Clatsop County, Oregon, General Obligation Bonds, Series 2019, 5.000%, 6/15/38 | 6/29 at 100.00 | Aa2 | $1,248,462 | ||
750 | Klamath Falls Intercommunity Hospital Authority, Oregon, Revenue Bonds, Sky Lakes Medical Center Project, Series 2012, 5.000%, 9/01/21 | No Opt. Call | A | 782,820 | ||
2,000 | Lane County School District 4J Eugene, Oregon, General Obligation Bonds, Series 2017, 5.000%, 6/15/31 | 6/27 at 100.00 | Aa1 | 2,567,680 | ||
2,710 | Multnomah County, Oregon, General Obligation Bonds, Full Faith & Credit Series 2017, 5.000%, 6/01/29 | 6/27 at 100.00 | AAA | 3,523,298 | ||
860 | Oregon Department of Administrative Services, State Lottery Revenue Bonds, Series 2011A, 5.250%, 4/01/24 (Pre-refunded 4/01/21) | 4/21 at 100.00 | N/R (5) | 888,552 | ||
245 | Oregon Special Districts Association, Certificates of Participation, Flexlease Program, Series 2013A, 4.000%, 1/01/24 | 1/21 at 100.00 | N/R | 248,055 | ||
7,515 | Total Oregon | 9,258,867 | ||||
Pennsylvania – 3.8% | ||||||
650 | Allegheny County Higher Education Building Authority, Pennsylvania, Revenue Bonds, Robert Morris University, Series 2016, 5.000%, 10/15/22 | No Opt. Call | Baa3 | 679,536 | ||
2,335 | Allentown City School District, Lehigh County, Pennsylvania, General Obligation Bonds, Limited Tax Revenue Anticipation Note Series 2020, 2.375%, 3/31/21 | 12/20 at 100.00 | N/R | 2,335,724 | ||
100 | Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, City Center Project, Series 2018, 5.000%, 5/01/33, 144A | 5/28 at 100.00 | Ba3 | 106,482 | ||
1,000 | Central Bradford Progress Authority, Pennsylvania, Revenue Bonds, Guthrie Health, Refunding Series 2011, 5.000%, 12/01/26 (Pre-refunded 12/01/21) | 12/21 at 100.00 | AA- (5) | 1,062,380 | ||
2,595 | Chester County Health and Education Facilities Authority, Pennsylvania, Health System Revenue Bonds, Main Line Health System, Series 2020A, 4.000%, 9/01/41 | 9/30 at 100.00 | AA | 3,055,638 | ||
Delaware County Authority, Pennsylvania, Revenue Bonds, Elwyn, Inc Project, Series 2017: | ||||||
1,750 | 5.000%, 6/01/32 | 6/25 at 102.00 | BB | 1,825,898 | ||
1,760 | 5.000%, 6/01/37 | 6/25 at 102.00 | BB | 1,804,862 | ||
700 | Delaware County Authority, Pennsylvania, Revenue Bonds, Villanova University, Series 2015, 5.000%, 8/01/31 | 8/25 at 100.00 | AA- | 819,644 | ||
1,350 | Doylestown Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Series 2019A, 5.000%, 7/01/49 | 7/29 at 100.00 | BBB- | 1,520,316 | ||
1,140 | Lancaster County Hospital Authority, Pennsylvania, Health System Revenue Bonds, Lancaster General Hospital Project, Tender Option Bond Trust 2015-XF0065, 17.274%, 7/01/42 (Pre-refunded 1/01/22), 144A (IF) | 1/22 at 100.00 | N/R (5) | 1,444,973 | ||
Luzerne County, Pennsylvania, General Obligation Bonds, Refunding Series 2017A: | ||||||
1,000 | 5.000%, 12/15/26 | No Opt. Call | AA | 1,249,660 | ||
500 | 5.000%, 12/15/27 | No Opt. Call | AA | 640,885 | ||
Luzerne County, Pennsylvania, General Obligation Bonds, Refunding Series 2017B: | ||||||
500 | 5.000%, 12/15/26 | No Opt. Call | AA | 624,830 | ||
500 | 5.000%, 12/15/27 | No Opt. Call | AA | 640,885 | ||
1,250 | Lycoming County Authority, Pennsylvania, Revenue Bonds, Pennsylvania College of Technology, Refunding Series 2011, 5.500%, 7/01/26 | 7/21 at 100.00 | A | 1,307,500 | ||
3,600 | Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, Thomas Jefferson University, Series 2018A, 5.000%, 9/01/34 | 9/28 at 100.00 | A | 4,502,988 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
$ 1,000 | Pennsylvania Economic Development Financing Authority, Private Activity Revenue Bonds, Pennsylvania Rapid Bridge Replacement Project, Series 2015, 4.125%, 12/31/38 (AMT) | 6/26 at 100.00 | BBB | $1,043,660 | ||
2,290 | Pennsylvania HIgher Educational Facilities Authority, Revenue Bonds, Thomas Jefferson University, Refunding Series 2015A, 5.000%, 9/01/45 | 3/25 at 100.00 | A | 2,574,716 | ||
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of Pennsylvania Health System, Series 2019: | ||||||
2,000 | 4.000%, 8/15/44 (UB) (4) | 8/29 at 100.00 | AA | 2,299,440 | ||
3,000 | 4.000%, 8/15/49 (UB) (4) | 8/29 at 100.00 | AA | 3,421,050 | ||
500 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2015A-1, 5.000%, 12/01/45 | 6/25 at 100.00 | A+ | 570,210 | ||
665 | Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Philadelphia Performing Arts Charter School, Series 2013, 6.000%, 6/15/23, 144A | 8/20 at 100.00 | BB | 666,569 | ||
1,845 | Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Thomas Jefferson University, Fixed Rate Series 2017A, 5.000%, 9/01/36 | 3/27 at 100.00 | A | 2,206,436 | ||
430 | Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Refunding Thirteenth Series 2015, 5.000%, 8/01/27 | 8/25 at 100.00 | A | 512,534 | ||
1,500 | Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2015A, 5.000%, 6/15/26 (AMT) | 6/25 at 100.00 | A | 1,756,650 | ||
3,000 | Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2017B, 5.000%, 7/01/35 (AMT) | 7/27 at 100.00 | A | 3,549,720 | ||
250 | Philadelphia, Pennsylvania, General Obligation Bonds, Refunding Series 2014A, 5.000%, 7/15/25 | 1/24 at 100.00 | A | 289,758 | ||
600 | Pittsburgh Water and Sewer Authority, Pennsylvania, Water and Sewer System Revenue Bonds, First Lien Series 2019A, 5.000%, 9/01/32 – AGM Insured | 9/29 at 100.00 | AA | 796,782 | ||
4,740 | Southcentral Pennsylvania General Authority, Revenue Bonds, Wellspan Health Obligated Group, Series 2019A, 5.000%, 6/01/38 (UB) (4) | 6/29 at 100.00 | Aa3 | 6,028,427 | ||
725 | Susquehanna Area Regional Airport Authority, Pennsylvania, Airport System Revenue Bonds, Series 2017, 5.000%, 1/01/35 (AMT) | 1/28 at 100.00 | Baa3 | 785,298 | ||
590 | Upper Merion Area School District, Montgomery County, Pennsylvania, General Obligation Bonds, Series 2016, 5.000%, 1/15/35 | 1/25 at 100.00 | Aa1 | 700,955 | ||
43,865 | Total Pennsylvania | 50,824,406 | ||||
Rhode Island – 0.4% | ||||||
1,500 | Rhode Island Health and Educational Building Corporation, Higher Education Facility Revenue Bonds, Providence College, Refunding Series 2015, 5.000%, 11/01/40 | 11/25 at 100.00 | A | 1,724,565 | ||
Rhode Island Health and Educational Building Corporation, Hospital Financing Revenue Bonds, Lifespan Obligated Group, Refunding Series 2016: | ||||||
1,500 | 5.000%, 5/15/30 | 5/26 at 100.00 | BBB+ | 1,691,355 | ||
2,200 | 5.000%, 5/15/31 | 5/26 at 100.00 | BBB+ | 2,468,664 | ||
5,200 | Total Rhode Island | 5,884,584 | ||||
South Carolina – 1.4% | ||||||
Charleston County Airport District, South Carolina, Airport Revenue Bonds, Series 2019: | ||||||
1,000 | 5.000%, 7/01/36 | 7/29 at 100.00 | A+ | 1,262,600 | ||
800 | 5.000%, 7/01/37 | 7/29 at 100.00 | A+ | 1,006,928 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
South Carolina (continued) | ||||||
$ 3,005 | South Carolina Jobs-Economic Development Authority, Economic Development Revenue Bonds, Wofford College, Series 2019, 5.000%, 4/01/49 | 4/29 at 100.00 | A- | $3,496,378 | ||
South Carolina Jobs-Economic Development Authority, Economic Development Revenue Bonds, York Preparatory Academy Project, Series 2014A: | ||||||
165 | 5.750%, 11/01/23 | No Opt. Call | N/R | 170,791 | ||
180 | 7.000%, 11/01/33 | 11/24 at 100.00 | N/R | 198,938 | ||
785 | South Carolina State Ports Authority, Revenue Bonds, Series 2015, 5.000%, 7/01/33 (Pre-refunded 7/01/25) (AMT) | 7/25 at 100.00 | A+ (5) | 962,049 | ||
South Carolina State Ports Authority, Revenue Bonds, Series 2018: | ||||||
2,840 | 5.000%, 7/01/34 (AMT) | 7/28 at 100.00 | A+ | 3,504,816 | ||
450 | 5.000%, 7/01/48 (AMT) | 7/28 at 100.00 | A+ | 538,492 | ||
2,525 | South Carolina Transportation Infrastructure Bank, Revenue Bonds, Series 2012A, 5.000%, 10/01/29 (Pre-refunded 10/01/21) | 10/21 at 100.00 | Aa3 (5) | 2,664,228 | ||
Spartanburg County School District 7, South Carolina, General Obligation Bonds, Series 2018B: | ||||||
825 | 5.000%, 3/01/30 | 3/29 at 100.00 | Aa1 | 1,113,057 | ||
1,495 | 5.000%, 3/01/38 | 3/29 at 100.00 | Aa1 | 1,944,681 | ||
Spartanburg Regional Health Services District, Inc, South Carolina, Hospital Revenue Bonds, Series 2020A: | ||||||
1,000 | 5.000%, 4/15/33 – AGM Insured | 4/30 at 100.00 | AA | 1,301,440 | ||
1,050 | 5.000%, 4/15/35 – AGM Insured | 4/30 at 100.00 | AA | 1,356,222 | ||
16,120 | Total South Carolina | 19,520,620 | ||||
South Dakota – 0.3% | ||||||
1,000 | South Dakota Health and Educational Facilities Authority, Revenue Bonds, Avera Health, Refunding Series 2017, 5.000%, 7/01/35 | 7/27 at 100.00 | AA- | 1,211,840 | ||
2,765 | South Dakota Health and Educational Facilities Authority, Revenue Bonds, Regional Health, Refunding Series 2017, 5.000%, 9/01/40 | 9/27 at 100.00 | A1 | 3,311,364 | ||
3,765 | Total South Dakota | 4,523,204 | ||||
Tennessee – 0.8% | ||||||
1,000 | Claiborne County Industrial Development Board, Tennessee, Revenue Refunding Bonds, Lincoln Memorial University Project, Series 2010, 6.000%, 10/01/30 | 10/20 at 100.00 | N/R | 1,005,490 | ||
1,820 | Greeneville Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds, Ballad Health, Series 2018A, 5.000%, 7/01/35 | 7/28 at 100.00 | A | 2,171,570 | ||
1,400 | Knox County Health, Educational and Housing Facilities Board, Tennessee, Revenue Bonds, University Health System, Inc, Series 2017, 5.000%, 4/01/27 | No Opt. Call | BBB | 1,674,834 | ||
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Knowledge Academy Charter School, Series 2017A: | ||||||
105 | 4.625%, 6/15/27, 144A (6) | No Opt. Call | N/R | 63,000 | ||
300 | 5.500%, 6/15/37, 144A (6) | 6/27 at 100.00 | N/R | 180,000 | ||
830 | Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Vanderbilt University Medical Center, Series 2016A, 5.000%, 7/01/35 | 7/26 at 100.00 | Aa1 | 966,435 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tennessee (continued) | ||||||
$ 1,500 | Metropolitan Government of Nashville-Davidson County, Tennessee, Water and Sewerage Revenue Bonds, Series 2013, 5.000%, 7/01/40 | 7/23 at 100.00 | AA | $1,670,520 | ||
1,350 | Metropolitan Nashville Airport Authority, Tennessee, Airport Revenue Bonds, Refunding & Improvement Series 2015B, 5.000%, 7/01/32 (AMT) | 7/25 at 100.00 | A+ | 1,566,756 | ||
1,245 | Tennessee State School Bond Authority, Higher Educational Facilities Second Program Bonds, Refunding Series 2015B, 5.000%, 11/01/35 | 11/25 at 100.00 | AA+ | 1,498,532 | ||
9,550 | Total Tennessee | 10,797,137 | ||||
Texas – 15.9% | ||||||
1,535 | Alamo Community College District, Bexar County, Texas, General Obligation Bonds, Refunding Limited Tax Series 2017, 5.000%, 8/15/36 | 8/27 at 100.00 | AAA | 1,926,809 | ||
560 | Arlington Higher Education Finance Corporation, Texas, Education Revenue Bonds, Uplift Education, Refunding Series 2017A, 5.000%, 12/01/35 | 6/27 at 100.00 | AAA | 696,326 | ||
1,535 | Arlington Higher Education Finance Corporation, Texas, Education Revenue Bonds, Uplift Education, Series 2016A, 2.750%, 12/01/26 | No Opt. Call | BBB- | 1,554,909 | ||
1,090 | Arlington, Texas, General Obligation Bonds, Refunding Permanent Improvement Series 2020, 4.000%, 8/15/22 | No Opt. Call | AAA | 1,175,979 | ||
250 | Austin Community College District Public Facility Corporation, Texas, Lease Revenue Bonds, Highland Campus - Building 3000 Project, Series 2018A, 5.000%, 8/01/31 | 8/27 at 100.00 | AA | 319,130 | ||
485 | Austin Community College District Public Facility Corporation, Texas, Lease Revenue Bonds, Round Rock Campus, Refunding Series 2015, 5.000%, 8/01/27 | 8/25 at 100.00 | AA | 588,892 | ||
Austin Convention Enterprises Inc, Texas, Convention Center Hotel Revenue Bonds, Refunding First Tier Series 2017A: | ||||||
500 | 5.000%, 1/01/32 | 1/27 at 100.00 | BBB- | 508,535 | ||
500 | 5.000%, 1/01/33 | 1/27 at 100.00 | BBB- | 508,630 | ||
Austin, Texas, Airport System Revenue Bonds, Series 2017A: | ||||||
890 | 5.000%, 11/15/35 | 11/26 at 100.00 | A1 | 1,070,510 | ||
5,000 | 5.000%, 11/15/41 | 11/26 at 100.00 | A1 | 5,936,950 | ||
5,000 | Austin, Texas, Airport System Revenue Bonds, Series 2017B, 5.000%, 11/15/46 (AMT) | 11/26 at 100.00 | A1 | 5,810,100 | ||
2,000 | Austin, Texas, Airport System Revenue Bonds, Series 2019B, 5.000%, 11/15/33 (AMT) | 11/29 at 100.00 | A1 | 2,542,940 | ||
3,200 | Austin, Texas, Electric Utility System Revenue Bonds, Refunding Series 2015A, 5.000%, 11/15/45 (UB) (4) | 11/25 at 100.00 | AA | 3,790,304 | ||
1,000 | Austin, Texas, Water and Wastewater System Revenue Bonds, Refunding Series 2017, 5.000%, 11/15/20 | No Opt. Call | AA | 1,013,740 | ||
1,000 | Austin-Berghorst Landhost Enterprises, Inc, Texas, Airport Hotel Revenue Bonds, Refunding & Improvement Senior Series 2017, 5.000%, 10/01/35 | 10/27 at 100.00 | A- | 1,130,250 | ||
1,750 | Brazoria County Toll Road Authority, Texas, Toll Road Revenue Bond, Refunding Limited Contract Tax & Subordinate Lien Series 2020, 5.000%, 3/01/49 | 3/27 at 100.00 | AA+ | 2,073,978 | ||
1,825 | Central Texas Regional Mobility Authority, Revenue Bonds, Refunding Senior Lien Series 2013A, 5.000%, 1/01/33 | 1/23 at 100.00 | A- | 1,967,204 | ||
1,210 | Central Texas Regional Mobility Authority, Revenue Bonds, Refunding Subordinate Lien Series 2016, 5.000%, 1/01/28 | 1/26 at 100.00 | BBB+ | 1,427,776 | ||
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A: | ||||||
360 | 5.000%, 1/01/35 | 7/25 at 100.00 | A- | 413,237 | ||
1,695 | 5.000%, 1/01/40 | 7/25 at 100.00 | A- | 1,932,520 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
$ 205 | Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Idea Public Schools, Series 2011, 4.800%, 8/15/21 (ETM) | No Opt. Call | A- (5) | $209,582 | ||
140 | Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Uplift Education Charter School, Series 2013A, 3.100%, 12/01/22 | No Opt. Call | BBB- | 141,817 | ||
4,120 | Cypress-Fairbanks Independent School District, Harris County, Texas, General Obligation Bonds, Refunding Series 2015, 4.000%, 2/15/32 | 2/25 at 100.00 | AAA | 4,674,882 | ||
5,345 | Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds, Refunding Series 2016A, 5.000%, 12/01/41 | 12/25 at 100.00 | AA+ | 6,289,462 | ||
5,980 | Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Improvement Series 2014B, 4.500%, 11/01/45 (AMT) | 11/22 at 100.00 | A+ | 6,278,342 | ||
2,000 | Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2012F, 5.000%, 11/01/29 (Pre-refunded 11/01/20) (AMT) | 11/20 at 100.00 | A1 (5) | 2,022,980 | ||
870 | Decatur Hospital Authority, Texas, Revenue Bonds, Wise Regional Health System, Series 2013A, 6.625%, 9/01/31 | 9/23 at 100.00 | N/R | 963,664 | ||
4,165 | Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Refunding First Tier Series 2020C, 4.000%, 10/01/45 (UB) (4) | 4/30 at 100.00 | A+ | 4,947,853 | ||
5,000 | Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate Lien Series 2018A Tela Supported, 5.000%, 10/01/43 (UB) (4) | 4/28 at 100.00 | AA+ | 6,231,500 | ||
Hackberry, Texas, Combination Special Assessment and Contract Revenue Road and Utility Bonds, Hidden Cove Improvement District 2, Series 2017: | ||||||
955 | 4.500%, 9/01/32 | 9/27 at 100.00 | BBB- | 1,097,591 | ||
1,230 | 4.500%, 9/01/32 | 9/27 at 100.00 | BBB- | 1,413,651 | ||
9,000 | Harris County Flood Control District, Texas, Contract Tax Bonds, Refunding Series 2017A, 4.000%, 10/01/37 (4) | 10/27 at 100.00 | AAA | 10,656,900 | ||
6,000 | Highland Park Independent School District, Dallas County, Texas, General Obligation Bonds, School Building Series 2016, 4.000%, 2/15/33 | 2/25 at 100.00 | Aaa | 6,785,280 | ||
Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series 2018A: | ||||||
2,625 | 5.000%, 7/01/31 (AMT) | 7/28 at 100.00 | A1 | 3,280,463 | ||
2,000 | 5.000%, 7/01/35 (AMT) | 7/28 at 100.00 | A1 | 2,452,760 | ||
1,750 | 5.000%, 7/01/36 (AMT) | 7/28 at 100.00 | A1 | 2,138,430 | ||
1,665 | Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series 2018C, 5.000%, 7/01/32 (AMT) | 7/28 at 100.00 | AA | 2,066,548 | ||
1,630 | Houston, Texas, Airport System Revenue Bonds, Refunding Subordinate Lien Series 2012A, 5.000%, 7/01/29 (AMT) | 7/22 at 100.00 | A+ | 1,743,236 | ||
2,855 | Houston, Texas, General Obligation Bonds, Refunding Public Improvement Series 2013A, 5.000%, 3/01/28 (Pre-refunded 3/01/23) | 3/23 at 100.00 | AA (5) | 3,206,793 | ||
2,500 | Keller Independent School District, Tarrant County, Texas, General Obligation Bonds, Refunding Series 2015A, 4.000%, 2/15/34 | 2/25 at 100.00 | AAA | 2,820,100 | ||
1,400 | Kerrville Health Facilities Development Corporation, Texas, Revenue Bonds, Sid Peterson Memorial Hospital Project, Series 2015, 5.000%, 8/15/35 | 8/25 at 100.00 | A | 1,600,788 | ||
4,825 | Little Elm Independent School District, Denton County, Texas, General Obligation Bonds, School Building Series 2018, 5.000%, 8/15/46 | 2/28 at 100.00 | AAA | 6,074,723 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
Midtown Redevelopment Authority, Texas, Tax Increment Contract Revenue, Refunding Series 2015: | ||||||
$ 500 | 5.000%, 1/01/24 | No Opt. Call | A | $573,330 | ||
300 | 5.000%, 1/01/25 | 1/24 at 100.00 | A | 344,217 | ||
1,000 | Montgomery County Municipal Utility District 47, Texas, Waterworks and Sewer System Unlimited Tax Bonds, Series 2020, 1.500%, 10/01/29 | 10/25 at 100.00 | Aa3 | 1,021,980 | ||
Montgomery County Toll Road Authority, Texas, Toll Road Revenue Bonds, Senior Lien Series 2018: | ||||||
1,585 | 5.000%, 9/15/29 | 9/25 at 100.00 | BBB- | 1,775,866 | ||
1,060 | 5.000%, 9/15/31 | 9/25 at 100.00 | BBB- | 1,176,197 | ||
585 | New Hope Cultural Education Facilities Finance Corporation, Texas, Capital Improvement Revenue Bonds, CHF-Collegiate Housing Denton, LLC - Texas Woman's University Housing Project, Series 2018A-1, 5.000%, 7/01/38 – AGM Insured | 7/27 at 100.00 | AA | 681,818 | ||
New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, NCCD - College Station Properties LLC - Texas A&M University Project, Series 2015A: | ||||||
1,500 | 5.000%, 7/01/23 | No Opt. Call | Caa1 | 1,245,000 | ||
750 | 5.000%, 7/01/30 | 7/25 at 100.00 | Caa1 | 622,500 | ||
2,895 | North East Regional Mobility Authority, Texas, Revenue Bonds, Refunding Senior Lien Series 2016A, 5.000%, 1/01/29 | 1/26 at 100.00 | BBB | 3,255,167 | ||
2,950 | North East Regional Mobility Authority, Texas, Revenue Bonds, Subordinate Lien Series 2016B, 5.000%, 1/01/36 | 1/26 at 100.00 | BBB- | 3,234,764 | ||
2,120 | North Fort Bend Water Authority, Texas, Water System Revenue Bonds, Refunding Series 2019A, 4.000%, 12/15/38 | 12/29 at 100.00 | AA- | 2,589,008 | ||
North Houston Development Corporation, Texas, Tax Increment Contract Revenue Bonds, Refunding Series 2019: | ||||||
880 | 3.000%, 9/01/36 – AGM Insured | 9/29 at 100.00 | AA | 938,027 | ||
1,000 | 3.000%, 9/01/37 – AGM Insured | 9/29 at 100.00 | AA | 1,065,040 | ||
1,000 | North Texas Education Finance Corporation, Texas, Education Revenue Bonds, Uplift Education, Series 2012A, 5.125%, 12/01/42 (Pre-refunded 6/01/22) | 6/22 at 100.00 | BBB- (5) | 1,083,340 | ||
3,000 | North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier Capital Appreciation Series 2008I, 6.500%, 1/01/43 | 1/25 at 100.00 | A+ | 3,638,280 | ||
1,500 | North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier Series 2018, 5.000%, 1/01/31 | 1/28 at 100.00 | A | 1,882,965 | ||
Port Freeport, Brazoria County, Texas, Revenue Bonds, Senior Lien Series 2018: | ||||||
1,050 | 5.000%, 6/01/34 (AMT) | 6/28 at 100.00 | A | 1,305,738 | ||
1,105 | 5.000%, 6/01/35 (AMT) | 6/28 at 100.00 | A | 1,369,415 | ||
1,500 | San Antonio, Texas, Airport System Revenue Bonds, Improvement Series 2015, 5.000%, 7/01/45 (AMT) | 7/25 at 100.00 | A+ | 1,696,110 | ||
4,140 | San Antonio, Texas, Water System Revenue Bonds, Refunding Series 2012A, 5.000%, 5/15/29 | 5/22 at 100.00 | AA+ | 4,479,811 | ||
1,490 | San Jacinto River Authority, Texas, Special Project Revenue Bonds, Woodlands Water Supply System Project, Refunding Series 2014, 5.000%, 10/01/29 – BAM Insured | 10/23 at 100.00 | AA | 1,695,739 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
$ 890 | Southwest Higher Education Authority Inc, Texas, Revenue Bonds, Southern Methodist University Project, Refunding Series 2017, 5.000%, 10/01/39 | 10/27 at 100.00 | AA- | $1,092,484 | ||
3,975 | Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Cook Children's Medical Center, Series 2020, 3.000%, 12/01/40 | 12/29 at 100.00 | AA | 4,248,003 | ||
Texas Private Activity Bond Surface Transportation Corporation, Revenue Bonds, NTE Mobility Partners LLC North Tarrant Express Managed Lanes Project, Refunding Senior Lien Series 2019A: | ||||||
2,000 | 5.000%, 12/31/31 | 12/29 at 100.00 | Baa2 | 2,516,540 | ||
3,185 | 5.000%, 12/31/34 | 12/29 at 100.00 | Baa2 | 3,946,629 | ||
2,420 | 5.000%, 12/31/36 | 12/29 at 100.00 | Baa2 | 2,977,229 | ||
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, NTE Mobility Partners Segments 3 LLC Segments 3A & 3B Facility, Series 2013: | ||||||
335 | 7.000%, 12/31/38 (AMT) | 9/23 at 100.00 | Baa3 | 386,878 | ||
455 | 6.750%, 6/30/43 (AMT) | 9/23 at 100.00 | Baa3 | 521,339 | ||
220 | Texas Public Finance Authority Charter School Finance Corporation, Charter School Revenue Bonds, School of Excellence Education Project, Series 2004A, 7.000%, 12/01/34 | 8/20 at 100.00 | BB- | 220,495 | ||
1,200 | Texas State, General Obligation Bonds, College Student Loan Series 2014, 6.000%, 8/01/25 (AMT) | 8/24 at 100.00 | AAA | 1,473,912 | ||
3,955 | Texas State, General Obligation Bonds, College Student Loan Series 2020A, 4.500%, 8/01/30 (AMT) | 2/30 at 100.00 | AAA | 5,204,147 | ||
Texas State, General Obligation Bonds, Refunding College Student Loan Series 2019: | ||||||
4,230 | 5.000%, 8/01/32 (AMT) | No Opt. Call | AAA | 5,967,176 | ||
4,445 | 5.000%, 8/01/33 (AMT) | No Opt. Call | AAA | 6,359,684 | ||
2,000 | Texas State, General Obligation Bonds, Transportation Commission Mobility Fund, Refunding Series 2014A, 5.000%, 10/01/26 | 10/24 at 100.00 | AAA | 2,385,080 | ||
7,000 | Texas State, General Obligation Bonds, Transportation Commission Mobility Fund, Refunding Series 2015A, 5.000%, 10/01/34 | 10/25 at 100.00 | AAA | 8,489,600 | ||
1,330 | Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Refunding First Tier Series 2012A, 5.000%, 8/15/41 (Pre-refunded 8/15/22) | 8/22 at 100.00 | A (5) | 1,460,726 | ||
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Refunding Second Tier Series 2015C: | ||||||
500 | 5.000%, 8/15/24 | No Opt. Call | A- | 573,200 | ||
1,140 | 5.000%, 8/15/29 | 8/24 at 100.00 | A- | 1,283,503 | ||
7,000 | Texas Water Development Board, State Water Implementation Revenue Fund Bonds, Master Trust Series 2015A, 4.000%, 10/15/34 | 10/25 at 100.00 | AAA | 8,058,120 | ||
1,250 | Texas Water Development Board, State Water Implementation Revenue Fund Bonds, Master Trust Series 2016, 5.000%, 10/15/46 | 10/26 at 100.00 | AAA | 1,539,225 | ||
1,000 | Tyler Health Facilities Development Corporation, Texas, Hospital Revenue Bonds, Mother Frances Hospital Regional Healthcare Center, Series 2011, 5.250%, 7/01/23 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (5) | 1,045,150 | ||
2,000 | University of Houston, Texas, Consolidated Revenue Bonds, Refunding Series 2017C, 5.000%, 2/15/29 | 2/26 at 100.00 | AA | 2,454,560 | ||
1,000 | Uptown Development Authority, Houston, Texas, Tax Increment Contract Revenue Bonds, Infrastructure Improvement Facilities, Series 2009, 4.700%, 9/01/20 | 8/20 at 100.00 | BBB | 1,003,150 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
$ 1,645 | Uptown Development Authority, Houston, Texas, Tax Increment Contract Revenue Bonds, Infrastructure Improvement Facilities, Series 2017A, 5.000%, 9/01/39 | 9/26 at 100.00 | BBB | $1,883,607 | ||
800 | Wylie Independent School District, Collin County, Texas, General Obligation Bonds, Refunding Series 2015C, 6.500%, 8/15/28 | 8/24 at 100.00 | Aaa | 994,448 | ||
183,530 | Total Texas | 215,245,261 | ||||
Utah – 1.5% | ||||||
1,255 | Lehi, Utah, Sales Tax Revenue Bonds, Series 2018, 5.250%, 6/01/38 | 6/28 at 100.00 | AA+ | 1,612,587 | ||
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2017A: | ||||||
1,875 | 5.000%, 7/01/34 (AMT) | 7/27 at 100.00 | A+ | 2,272,650 | ||
2,280 | 5.000%, 7/01/35 (AMT) | 7/27 at 100.00 | A+ | 2,754,742 | ||
2,000 | Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2018A, 5.000%, 7/01/30 (AMT) | 7/28 at 100.00 | A+ | 2,527,480 | ||
1,550 | Utah Charter School Finance Authority, Charter School Revenue Bonds, Paradigm High School, Series 2010A, 6.250%, 7/15/30 | 8/20 at 100.00 | BB | 1,553,596 | ||
Utah Charter School Finance Authority, Charter School Revenue Bonds, Utah Charter Academies Project, Series 2018: | ||||||
500 | 5.000%, 10/15/29 | 10/27 at 100.00 | AA | 625,775 | ||
500 | 5.000%, 10/15/31 | 10/27 at 100.00 | AA | 617,870 | ||
400 | Utah County, Utah, Hospital Revenue Bonds, IHC Health Services Inc, Series 2016B, 4.000%, 5/15/47 | 5/24 at 100.00 | AA+ | 433,744 | ||
5,000 | Utah County, Utah, Hospital Revenue Bonds, IHC Health Services Inc, Series 2020A, 5.000%, 5/15/43 (UB) (4) | 5/30 at 100.00 | AA+ | 6,496,000 | ||
Utah Infrastructure Agency, Telecommunications and Franchise Tax Revenue, Series 2011A: | ||||||
500 | 5.250%, 10/15/33 – AGM Insured (Pre-refunded 10/15/21) | 10/21 at 100.00 | A2 (5) | 530,300 | ||
520 | 5.400%, 10/15/36 – AGM Insured (Pre-refunded 10/15/21) | 10/21 at 100.00 | A2 (5) | 552,448 | ||
16,380 | Total Utah | 19,977,192 | ||||
Vermont – 0.2% | ||||||
Vermont Educational and Health Buildings Financing Agency, Revenue Bonds, University of Vermont Medical Center Project, Green Series 2016B: | ||||||
1,270 | 5.000%, 12/01/37 | 6/26 at 100.00 | A+ | 1,494,168 | ||
1,500 | 5.000%, 12/01/38 | 6/26 at 100.00 | A+ | 1,761,405 | ||
2,770 | Total Vermont | 3,255,573 | ||||
Virginia – 1.4% | ||||||
1,065 | Chesapeake Bay Bridge and Tunnel District, Virginia, General Resolution Revenue Bonds, First Tier Series 2016, 5.000%, 7/01/41 – AGM Insured | 7/26 at 100.00 | AA | 1,267,190 | ||
3,375 | Fairfax County Economic Development Authority, Virginia, Transportation Contract Revenue Bonds, Route 28 Project, Refunding Series 2016B, 3.000%, 4/01/36 | 4/26 at 100.00 | AA+ | 3,667,107 | ||
2,000 | Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Inova Health System, Series 2018A, 4.000%, 5/15/48 (UB) (4) | 5/28 at 100.00 | AA+ | 2,279,440 | ||
1,400 | Fredericksburg Economic Development Authority, Virginia, Revenue Bonds, Mary Washington Healthcare Obligated Group, Refunding Series 2014, 5.000%, 6/15/33 | 6/24 at 100.00 | A3 | 1,561,476 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Virginia (continued) | ||||||
$ 3,000 | Front Royal and Warren County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Valley Health System Obligated Group, Series 2018, 4.000%, 1/01/50 | 1/25 at 103.00 | A+ | $3,281,130 | ||
2,135 | Lynchburg, Virginia, General Obligation Bonds, Public Improvement, Series 2020, 5.000%, 8/01/28 | No Opt. Call | AA+ | 2,847,364 | ||
475 | Stafford County Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds, Mary Washington Healthcare Obligated Group, Refunding Series 2016, 5.000%, 6/15/27 | 6/26 at 100.00 | A3 | 570,361 | ||
815 | Virginia College Building Authority, Educational Facilities Revenue Bonds, Washington and Lee University, Series 2001, 5.750%, 1/01/34 | No Opt. Call | AA | 1,261,131 | ||
1,750 | Virginia Small Business Financing Authority, Private Activity Revenue Bonds, Transform 66 P3 Project, Senior Lien Series 2017, 5.000%, 12/31/47 (AMT) | 6/27 at 100.00 | BBB | 1,972,600 | ||
40 | Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River Crossing, Opco LLC Project, Series 2012, 4.750%, 1/01/25 (AMT) | 7/22 at 100.00 | BBB | 42,295 | ||
16,055 | Total Virginia | 18,750,094 | ||||
Washington – 2.6% | ||||||
Camas, Washington, Water and Sewer Revenue Bonds, Series 2019: | ||||||
720 | 5.000%, 12/01/44 | 12/28 at 100.00 | Aa3 | 909,216 | ||
1,255 | 5.000%, 12/01/47 | 12/28 at 100.00 | Aa3 | 1,579,317 | ||
3,000 | Central Puget Sound Regional Transit Authority, Washington, Sales Tax and Motor Vehicle Excise Tax Bonds, Green Series 2016S-1, 5.000%, 11/01/35 (UB) (4) | 11/26 at 100.00 | AAA | 3,692,130 | ||
1,700 | Chelan County Public Utility District 1, Washington, Consolidated System Revenue Bonds Series 2011A, 5.500%, 7/01/24 (AMT) | 7/21 at 100.00 | AA+ | 1,776,296 | ||
2,500 | Chelan County Public Utility District 1, Washington, Consolidated System Revenue Bonds Series 2011B, 5.500%, 7/01/26 (AMT) | 7/21 at 100.00 | AA+ | 2,609,625 | ||
1,915 | Energy Northwest, Washington, Electric Revenue Bonds, Columbia Generating Station, Refunding Series 2019A, 5.000%, 7/01/36 | 7/29 at 100.00 | Aa2 | 2,536,283 | ||
1,705 | King County School District 415 Kent, Washington, General Obligation Bonds, Series 2019, 4.000%, 12/01/38 | 12/29 at 100.00 | Aaa | 2,064,431 | ||
1,355 | Lakewood Water District, Pierce County, Washington, Water Revenue Bonds, 2019A, 5.000%, 12/01/44 (AMT) | 12/28 at 100.00 | AA- | 1,676,582 | ||
1,975 | Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2015A, 5.000%, 4/01/40 | 10/24 at 100.00 | AA- | 2,209,946 | ||
2,000 | Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2015C, 5.000%, 4/01/29 (AMT) | 10/24 at 100.00 | AA- | 2,286,040 | ||
5,000 | Port of Seattle, Washington, Revenue Bonds, Refunding Intermediate Lien Series 2012A, 5.000%, 8/01/29 | 8/22 at 100.00 | AA- | 5,401,400 | ||
1,000 | Washington Health Care Facilities Authority, Revenue Bonds, Kadlec Regional Medical Center, Series 2010, 5.250%, 12/01/30 (Pre-refunded 12/01/20) | 12/20 at 100.00 | N/R (5) | 1,016,430 | ||
2,000 | Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children's Hospital, Series 2017A, 5.000%, 10/01/47 (UB) (4) | 10/27 at 100.00 | Aa2 | 2,414,420 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Washington (continued) | ||||||
Washington State, Certificates of Participation, State & Local Agency Real & Personal Property Series 2020B: | ||||||
$ 2,100 | 5.000%, 7/01/39 | 7/30 at 100.00 | Aa1 | $2,794,323 | ||
2,190 | 5.000%, 7/01/40 | 7/30 at 100.00 | Aa1 | 2,903,831 | ||
30,415 | Total Washington | 35,870,270 | ||||
West Virginia – 0.2% | ||||||
1,150 | West Virginia Higher Education Policy Commission, Revenue Bonds, Higher Education Facilities, Series 2012A, 5.000%, 4/01/29 | 4/22 at 100.00 | Aa3 | 1,235,974 | ||
250 | West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United Health System Obligated Group, Refunding Series 2016A, 4.000%, 6/01/35 | 6/26 at 100.00 | A | 276,948 | ||
1,250 | West Virginia Water Development Authority, Infrastructure Excess Lottery Revenue Bonds, Chesapeake Bay/Greenbrier River Projects, Series 2014A, 5.000%, 7/01/34 | 7/24 at 100.00 | AAA | 1,460,787 | ||
2,650 | Total West Virginia | 2,973,709 | ||||
Wisconsin – 1.5% | ||||||
150 | Public Finance Authority of Wisconsin, Charter School Revenue Bonds, Voyager Foundation Inc of North Carolina, Series 2012A, 5.500%, 10/01/22 (ETM) | No Opt. Call | Baa3 (5) | 158,827 | ||
1,775 | Public Finance Authority, Wisconsin, Educational Revenue Bonds, Lake Norman Charter School, Series 2018A, 5.000%, 6/15/38, 144A | 6/26 at 100.00 | BBB- | 1,981,184 | ||
Sun Prairie, Wisconsin, General Obligation Bonds, Promissory Notes Series 2020A: | ||||||
600 | 3.000%, 4/01/26 (WI/DD, Settling 8/13/20) | No Opt. Call | Aa2 | 680,352 | ||
620 | 3.000%, 4/01/27 (WI/DD, Settling 8/13/20) | No Opt. Call | Aa2 | 712,262 | ||
485 | University of Wisconsin Hospitals and Clinics Authority, Revenue Bonds, Tender Option Bond Trust 2015-XF0127, 16.946%, 4/01/38, 144A (IF) (4) | 4/23 at 100.00 | AA- | 656,186 | ||
1,670 | Waukesha, Wisconsin, General Obligation Bonds, Anticipation Notes Series 2020C, 3.000%, 7/01/21 | 5/21 at 100.00 | N/R | 1,692,428 | ||
685 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Gundersen Lutheran, Series 2012, 5.000%, 11/15/44 | 11/22 at 100.00 | AA- | 731,642 | ||
2,410 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic, Series 2016B, 5.000%, 2/15/34 | 2/26 at 100.00 | A- | 2,798,058 | ||
335 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Fort Healthcare, Series 2014, 5.000%, 5/01/25 | 5/24 at 100.00 | BBB+ | 382,989 | ||
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Franciscan Sisters of Christian Charity Sponsored Ministry, Series 2017A: | ||||||
1,840 | 5.000%, 9/01/28 | 9/27 at 100.00 | BBB- | 2,216,630 | ||
700 | 5.000%, 9/01/29 | 9/27 at 100.00 | BBB- | 837,648 | ||
5,000 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Froedtert Health, Inc Obligated Group, Series 2017A, 5.000%, 4/01/35 | 4/27 at 100.00 | AA | 6,062,850 | ||
1,505 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Monroe Clinic Inc, Refunding Series 2016, 5.000%, 2/15/30 (Pre-refunded 8/15/25) | 8/25 at 100.00 | N/R (5) | 1,852,820 | ||
17,775 | Total Wisconsin | 20,763,876 | ||||
Wyoming – 0.3% | ||||||
1,000 | Natrona County, Wyoming, Hospital Revenue Bonds, Wyoming Medical Center Project, Series 2011, 6.000%, 9/15/26 (Pre-refunded 3/15/21) | 3/21 at 100.00 | A3 (5) | 1,035,440 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wyoming (continued) | ||||||
$ 2,000 | West Park Hospital District, Wyoming, Hospital Revenue Bonds, Series 2011A, 6.375%, 6/01/26 | 6/21 at 100.00 | BBB | $2,083,000 | ||
1,000 | Wyoming Municipal Power Agency, Power Supply System Revenue Bonds, Refunding Series 2017A, 5.000%, 1/01/34 – BAM Insured | 1/27 at 100.00 | AA | 1,227,260 | ||
4,000 | Total Wyoming | 4,345,700 | ||||
$ 1,225,893 | Total Long-Term Investments (cost $1,352,997,790) | 1,441,047,061 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
SHORT-TERM INVESTMENTS – 0.0% | ||||||
MUNICIPAL BONDS – 0.0% | ||||||
Ohio – 0.0% | ||||||
$ 500 | Lorain County, Ohio, General Obligation Bonds, Variable Rate Demand Obligations, Limited Tax Various Purpose Series 2020A, 3.000%, 2/06/21 | No Opt. Call | N/R | $ 505,955 | ||
$ 500 | Total Short-Term Investments (cost $504,762) | 505,955 | ||||
Total Investments (cost $1,353,502,552) – 106.1% | 1,441,553,016 | |||||
Floating Rate Obligations – (8.0)% | (108,365,000) | |||||
Other Assets Less Liabilities – 1.9% | 25,695,144 | |||||
Net Assets – 100% | $ 1,358,883,160 |
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns. Optional Call Provisions are not covered by the report of independent registered public accounting firm. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. Ratings are not covered by the report of independent registered public accounting firm. | |
(4) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions. | |
(5) | Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. | |
(6) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(7) | Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding. The rate shown is the coupon as of the end of the reporting period. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
AMT | Alternative Minimum Tax | |
ETM | Escrowed to maturity | |
IF | Inverse floating rate security issued by a tender option bond (“TOB”) trust, the interest rate on which varies inversely with the Securities Industry Financial Markets Association (SIFMA) short-term rate, which resets weekly, or a similar short-term rate, and is reduced by the expenses related to the TOB trust. | |
UB | Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 4 – Portfolio Securities and Investments in Derivatives Inverse Floating Rate Securities for more information. | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
Assets | |
Long-term investments, at value (cost $1,352,997,790) | $1,441,047,061 |
Short-term investments, at value (cost $504,762) | 505,955 |
Cash | 17,641,239 |
Receivable for: | |
Interest | 13,591,349 |
Investments sold | 1,918,888 |
Reimbursement from Adviser | 66,786 |
Shares sold | 2,750,438 |
Other assets | 108,219 |
Total assets | 1,477,629,935 |
Liabilities | |
Floating rate obligations | 108,365,000 |
Payable for: | |
Dividends | 1,022,211 |
Interest | 273,469 |
Investments purchased - regular settlement | 2,770,351 |
Investments purchased - when-issued/delayed-delivery settlement | 2,965,759 |
Shares redeemed | 3,060,182 |
Accrued expenses: | |
Trustees fees | 48,865 |
Other | 240,938 |
Total liabilities | 118,746,775 |
Net assets | $1,358,883,160 |
Shares outstanding | 116,083,920 |
Net assets value ("NAV") per share | $ 11.71 |
Fund level net assets consist of: | |
Capital paid-in | $1,276,220,837 |
Total distributable earnings | 82,662,323 |
Fund level net assets | $1,358,883,160 |
Authorized shares | Unlimited |
Par value per share | $ 0.01 |
Investment Income | $41,475,494 |
Expenses | |
Shareholder servicing agent fees | 225,645 |
Interest expense | 1,516,093 |
Custodian fees | 161,947 |
Professional fees | 101,269 |
Trustees fees | 36,247 |
Shareholder reporting expenses | 20,915 |
Federal and state registration fees | 175,320 |
Other | 25,122 |
Total expenses before fee waiver/expense reimbursement | 2,262,558 |
Fee waiver/expense reimbursement | (759,182) |
Net expenses | 1,503,376 |
Net investment income (loss) | 39,972,118 |
Realized and Unrealized Gain (Loss) | |
Net realized gain (loss) from investments | (2,242,060) |
Change in net unrealized appreciation (depreciation) of investments | 22,633,028 |
Net realized and unrealized gain (loss) | 20,390,968 |
Net increase (decrease) in net assets from operations | $60,363,086 |
Year Ended 7/31/20 | Year Ended 7/31/19 | |
Operations | ||
Net investment income (loss) | $ 39,972,118 | $ 35,353,269 |
Net realized gain (loss) from investments | (2,242,060) | (218,989) |
Change in net unrealized appreciation (depreciation) of investments | 22,633,028 | 54,528,985 |
Net increase (decrease) in net assets from operations | 60,363,086 | 89,663,265 |
Distributions to Shareholders | ||
Dividends | (40,020,484) | (35,246,147) |
Decrease in net assets from distributions to shareholders | (40,020,484) | (35,246,147) |
Fund Share Transactions | ||
Proceeds from sale of shares | 424,086,507 | 433,901,058 |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 27,620,181 | 20,479,563 |
451,706,688 | 454,380,621 | |
Cost of shares redeemed | (333,914,898) | (246,945,704) |
Net increase (decrease) in net assets from Fund share transactions | 117,791,790 | 207,434,917 |
Net increase (decrease) in net assets | 138,134,392 | 261,852,035 |
Net assets at the beginning of period | 1,220,748,768 | 958,896,733 |
Net assets at the end of period | $1,358,883,160 | $1,220,748,768 |
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) Year Ended July 31, | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class I (11/06) | |||||||||
2020 | $11.50 | $0.35 | $ 0.21 | $0.56 | $(0.35) | $ — | $(0.35) | $11.71 | |
2019 | 10.94 | 0.38 | 0.56 | 0.94 | (0.38) | — | (0.38) | 11.50 | |
2018 | 11.12 | 0.38 | (0.18) | 0.20 | (0.38) | — | (0.38) | 10.94 | |
2017 | 11.46 | 0.38 | (0.35) | 0.03 | (0.37) | — | (0.37) | 11.12 | |
2016 | 10.85 | 0.43 | 0.60 | 1.03 | (0.42) | — | (0.42) | 11.46 |
Ratios/Supplemental Data | |||||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(c) | ||||||||
Total Return(b) | Ending Net Assets (000) | Expenses Including Interest(d) | Expenses Excluding Interest | Net Investment Income (Loss) | Expenses Including Interest(d) | Expenses Excluding Interest | Net Investment Income (Loss) | Portfolio Turnover Rate(e) | |
5.00% | $1,358,883 | 0.18% | 0.06% | 3.01% | 0.12% | —% | 3.07% | 19% | |
8.75 | 1,220,749 | 0.18 | 0.06 | 3.34 | 0.12 | — | 3.41 | 20 | |
1.81 | 958,897 | 0.16 | 0.07 | 3.38 | 0.09 | — | 3.45 | 30 | |
0.34 | 786,210 | 0.11 | 0.06 | 3.43 | 0.05 | — | 3.49 | 11 | |
9.67 | 562,052 | 0.10 | 0.08 | 3.78 | 0.02 | — | 3.86 | 9 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(c) | After fee waiver and/or expense reimbursement from the Adviser, when applicable. See Note 7 - Management Fees for more information. |
(d) | The expense ratios reflect, among other things, the interest expense deemed to have been paid by the Fund on the floating rate certificates issued by the special purpose trusts for the self-deposited inverse floaters held by the Fund, where applicable, as described in Note 4 – Portfolio Securities and Investments in Derivatives and the interest expense and fees paid on borrowings, as described in Note 8 - Borrowing Arrangements. |
(e) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments*: | ||||
Municipal Bonds | $ — | $1,441,047,061 | $ — | $1,441,047,061 |
Short-Term Investments*: | ||||
Municipal Bonds | — | 505,955 | — | 505,955 |
Total | $ — | $1,441,553,016 | $ — | $1,441,553,016 |
* | Refer to the Fund's Portfolio of Investments for state classifications. |
Floating Rate Obligations Outstanding | |
Floating rate obligations: self-deposited Inverse Floaters | $108,365,000 |
Floating rate obligations: externally-deposited Inverse Floaters | 15,065,000 |
Total | $123,430,000 |
Self-Deposited Inverse Floaters | |
Average floating rate obligations outstanding | $96,062,555 |
Average annual interest rate and fees | 1.56% |
Floating Rate Obligations - Recourse Trusts | |
Maximum exposure to Recourse Trusts: self-deposited Inverse Floaters | $107,745,000 |
Maximum exposure to Recourse Trusts: externally-deposited Inverse Floaters | 11,655,000 |
Total | $119,400,000 |
Year Ended 7/31/20 | Year Ended 7/31/19 | ||||
Shares | Amount | Shares | Amount | ||
Shares sold | 36,842,406 | $ 424,086,507 | 39,222,213 | $ 433,901,058 | |
Shares issued to shareholders due to reinvestment of distributions | 2,389,732 | 27,620,181 | 1,845,973 | 20,479,563 | |
Shares redeemed | (29,321,668) | (333,914,898) | (22,546,431) | (246,945,704) | |
Net increase (decrease) | 9,910,470 | $ 117,791,790 | 18,521,755 | $ 207,434,917 |
Tax cost of investments | $1,245,018,531 |
Gross unrealized: | |
Appreciation | $ 89,807,891 |
Depreciation | (1,640,024) |
Net unrealized appreciation (depreciation) of investments | $ 88,167,867 |
Undistributed net tax-exempt income1 | $4,541,232 |
Undistributed net ordinary income2 | — |
Undistributed net long-term capital gains | — |
1 | Undistributed net tax-exempt income (on a tax basis) has not been reduced for the dividends declared during the period July 1, 2020 through July 31, 2020, and paid on August 3, 2020. |
2 | Net ordinary income consists of taxable market discount income and net short-term capital gains, if any. |
2020 | |
Distributions from net tax-exempt income3 | $40,015,392 |
Distributions from net ordinary income2 | 5,092 |
Distributions from net long-term capital gains | — |
2019 | |
Distributions from net tax-exempt income | $34,773,150 |
Distributions from net ordinary income2 | 44,553 |
Distributions from net long-term capital gains | — |
2 | Net ordinary income consists of taxable market discount income and net short-term capital gains, if any. |
3 | The Funds hereby designate these amounts paid during the fiscal year ended July 31, 2020, as Exempt Interest Dividends. |
Not subject to expiration: | |
Short-term | $6,745,761 |
Long-term | — |
Total | $6,745,761 |
• | Fund Improvements and Product Management Initiatives – continuing to proactively manage the Nuveen fund complex as a whole and at the individual fund level with an aim to enhance the shareholder outcomes through, among other things, rationalizing the product line and gaining efficiencies through mergers, repositionings and liquidations; launching new share classes; reviewing and updating investment policies and benchmarks; closing funds to new investments; rebranding the exchange-traded fund (“ETF”) product line; and integrating certain investment teams and changing the portfolio managers serving various funds; |
• | Capital Initiatives – continuing to invest capital to support new Nuveen funds with initial capital as well as to facilitate modifications to the strategies or structure of existing funds; |
• | Liquidity Management – implementing the liquidity risk management program which was designed to assess and manage the liquidity risk of the Nuveen funds. The Board noted that this program was particularly helpful in addressing the high volatility and liquidity challenges that arose in the market, particularly for the high yield municipal sector, during the first half of 2020; |
• | Compliance Program Initiatives – continuing efforts to mitigate compliance risk, increase operating efficiencies, strengthen key compliance program elements and support international business growth and other objectives through, among other things, integrating various investment teams across affiliates, consolidating marketing review functions, enhancing compliance related technologies and establishing and maintaining shared broad-based compliance policies throughout the organization and its affiliates; |
• | Risk Management and Valuation Services – continuing efforts to provide Nuveen with a more disciplined and consistent approach to identifying and mitigating the firm’s operational risks through, among other things, enhancing the interaction and reporting between the investment risk management team and various affiliates and adopting a risk operational framework across the complex; |
• | Regulatory Matters – continuing efforts to monitor regulatory trends and advocate on behalf of the Nuveen funds, to implement and comply with new or revised rules and mandates and to respond to regulatory inquiries and exams; |
• | Government Relations – continuing efforts of various Nuveen teams and affiliates to develop policy positions on a broad range of issues that may impact the Nuveen funds, advocate and communicate these positions to lawmakers and other regulatory authorities and work with trade associations to ensure these positions are represented; |
• | Business Continuity, Disaster Recovery and Information Services – continuing to periodically test business continuity and disaster recovery plans, maintain an information security program designed to identify and manage information security risks, and provide reports to the Board, at least annually, addressing, among other things, management’s security risk assessment, cyber risk profile, potential impact of new or revised laws and regulations, incident tracking and other relevant information technology risk-related reports; and |
• | Expanded Dividend Management Services – continuing to manage the dividends among the varying types of Nuveen funds within the Nuveen complex to be consistent with the respective fund’s product design and investing resources to develop systems to assist in the process for newer products such as target term funds and ETFs. |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (1) | Principal Occupation(s) Including other Directorships During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee |
Independent Trustees (2): | ||||
Terence J. Toth 1959 333 W. Wacker Drive Chicago, IL 60606 | Chairman and Trustee | 2008 | Formerly, a Co-Founding Partner, Promus Capital (2008-2017); Director, Quality Control Corporation (since 2012); member: Catalyst Schools of Chicago Board (since 2008) and Mather Foundation Board (since 2012), and chair of its investment committee; formerly, Director, Fulcrum IT Services LLC (2010-2019); formerly, Director, Legal & General Investment Management America, Inc. (2008-2013); formerly, CEO and President, Northern Trust Global Investments (2004-2007); Executive Vice President, Quantitative Management & Securities Lending (2000-2004); prior thereto, various positions with Northern Trust Company (since 1994); formerly, Member, Northern Trust Mutual Funds Board (2005-2007), Northern Trust Global Investments Board (2004-2007), Northern Trust Japan Board (2004-2007), Northern Trust Securities Inc. Board (2003- 2007) and Northern Trust Hong Kong Board (1997-2004). | 155 |
Jack B. Evans 1948 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 1999 | Chairman (since 2019), formerly, President (1996-2019), The Hall-Perrine Foundation, a private philanthropic corporation; Director and Chairman, United Fire Group, a publicly held company; Director, Public member, American Board of Orthopaedic Surgery (since 2015); Life Trustee of Coe College and the Iowa College Foundation; formerly, President Pro-Tem of the Board of Regents for the State of Iowa University System; formerly, Director, Alliant Energy and The Gazette Company; formerly, Director, Federal Reserve Bank of Chicago; formerly, President and Chief Operating Officer, SCI Financial Group, Inc., a regional financial services firm. | 155 |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (1) | Principal Occupation(s) Including other Directorships During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee |
William C. Hunter 1948 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2003 | Dean Emeritus, formerly, Dean, Tippie College of Business, University of Iowa (2006-2012); Director of Wellmark, Inc. (since 2009); past Director (2005-2015), and past President (2010- 2014) Beta Gamma Sigma, Inc., The International Business Honor Society; formerly, Director (2004-2018) of Xerox Corporation; Dean and Distinguished Professor of Finance, School of Business at the University of Connecticut (2003-2006); previously, Senior Vice President and Director of Research at the Federal Reserve Bank of Chicago (1995-2003); formerly, Director (1997-2007), Credit Research Center at Georgetown University. | 155 |
Albin F. Moschner 1952 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2016 | Founder and Chief Executive Officer, Northcroft Partners, LLC, a management consulting firm (since 2012); formerly, Chairman (2019), and Director (2012-2019), USA Technologies, Inc., a provider of solutions and services to facilitate electronic payment transactions; formerly, Director, Wintrust Financial Corporation (1996-2016); previously, held positions at Leap Wireless International, Inc., including Consultant (2011-2012), Chief Operating Officer (2008-2011), and Chief Marketing Officer (2004-2008); formerly, President, Verizon Card Services division of Verizon Communications, Inc. (2000-2003); formerly, President, One Point Services at One Point Communications (1999-2000); formerly, Vice Chairman of the Board, Diba, Incorporated (1996-1997); formerly, various executive positions (1991-1996) and Chief Executive Officer (1995-1996) of Zenith Electronics Corporation. | 155 |
John K. Nelson 1962 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2013 | Member of Board of Directors of Core12 LLC. (since 2008), a private firm which develops branding, marketing and communications strategies for clients; served The President's Council of Fordham University (2010-2019) and previously a Director of the Curran Center for Catholic American Studies (2009-2018); formerly, senior external advisor to the Financial Services practice of Deloitte Consulting LLP. (2012-2014); former Chair of the Board of Trustees of Marian University (2010-2014 as trustee, 2011-2014 as Chair); formerly Chief Executive Officer of ABN AMRO Bank N.V., North America, and Global Head of the Financial Markets Division (2007-2008), with various executive leadership roles in ABN AMRO Bank N.V. between 1996 and 2007. | 155 |
Judith M. Stockdale 1947 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 1997 | Board Member, Land Trust Alliance (since 2013); formerly, Board Member, U.S. Endowment for Forestry and Communities (2013-2019); formerly, Executive Director (1994-2012), Gaylord and Dorothy Donnelley Foundation; prior thereto, Executive Director, Great Lakes Protection Fund (1990-1994). | 155 |
Carole E. Stone 1947 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2007 | Former Director, Chicago Board Options Exchange (2006-2017), and C2 Options Exchange, Incorporated (2009-2017); former Director, Cboe Global Markets, Inc., formerly, CBOE Holdings, Inc. (2010-May 2020); formerly, Commissioner, New York State Commission on Public Authority Reform (2005-2010). | 155 |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (1) | Principal Occupation(s) Including other Directorships During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee |
Margaret L. Wolff 1955 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2016 | Formerly, member of the Board of Directors (2013-2017) of Travelers Insurance Company of Canada and The Dominion of Canada General Insurance Company (each, a part of Travelers Canada, the Canadian operation of The Travelers Companies, Inc.); formerly, Of Counsel, Skadden, Arps, Slate, Meagher & Flom LLP (Mergers & Acquisitions Group) (2005-2014); Member of the Board of Trustees of New York-Presbyterian Hospital (since 2005); Member (since 2004) and Chair (since 2015) of the Board of Trustees of The John A. Hartford Foundation (a philanthropy dedicated to improving the care of older adults); formerly, Member (2005-2015) and Vice Chair (2011-2015) of the Board of Trustees of Mt. Holyoke College. | 155 |
Robert L. Young 1963 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2017 | Formerly, Chief Operating Officer and Director, J.P. Morgan Investment Management Inc. (2010-2016); formerly, President and Principal Executive Officer (2013-2016), and Senior Vice President and Chief Operating Officer (2005-2010), of J.P. Morgan Funds; formerly, Director and various officer positions for J.P. Morgan Investment Management Inc. (formerly, JPMorgan Funds Management, Inc. and formerly, One Group Administrative Services) and JPMorgan Distribution Services, Inc. (formerly, One Group Dealer Services, Inc.) (1999-2017). | 155 |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed(3) | Principal Occupation(s) During Past 5 Years | |
Officers of the Funds: | ||||
Greg A. Bottjer 1971 333 W. Wacker Drive Chicago, IL 60606 | Chief Administrative Officer | 2016 | Senior (since 2017) Managing Director (since 2011), formerly, Senior Vice President (2007-2010) of Nuveen; Senior (since 2017) Managing Director (since 2016) of Nuveen Fund Advisors, LLC; Chartered Financial Analyst. | |
Mark J. Czarniecki 1979 901 Marquette Avenue Minneapolis, MN 55402 | Vice President and Assistant Secretary | 2013 | Vice President and Assistant Secretary of Nuveen Securities, LLC (since 2016) and Nuveen Fund Advisors (since 2017); Vice President and Associate General Counsel of Nuveen (since 2013) and Vice President, Assistant Secretary and Associate General Counsel of Nuveen Asset Management (since 2018). | |
Diana R. Gonzalez 1978 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Assistant Secretary | 2017 | Vice President and Assistant Secretary of Nuveen Fund Advisors, LLC (since 2017); Vice President and Associate General Counsel of Nuveen (since 2017); Associate General Counsel of Jackson National Asset Management (2012-2017). | |
Nathaniel T. Jones 1979 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Treasurer | 2016 | Managing Director (since 2017), formerly, Senior Vice President (2016-2017), formerly, Vice President (2011- 2016) of Nuveen; Managing Director (since 2015) of Nuveen Fund Advisors, LLC; Chartered Financial Analyst. | |
Walter M. Kelly 1970 333 W. Wacker Drive Chicago, IL 60606 | Chief Compliance Officer and Vice President | 2003 | Managing Director (since 2017), formerly, Senior Vice President (2008-2017) of Nuveen Investments Holdings, Inc. | |
Tina M. Lazar 1961 333 W. Wacker Drive Chicago, IL 60606 | Vice President | 2002 | Managing Director (since 2017), formerly, Senior Vice President (2014-2017) of Nuveen Securities, LLC. | |
Brian J. Lockhart 1974 333 W. Wacker Drive Chicago, IL 60606 | Vice President | 2019 | Managing Director (since 2019) of Nuveen Fund Advisors, LLC; Managing Director (since 2017), formerly, Vice President (2010-2017) of Nuveen; Head of Investment Oversight (since 2017), formerly, Team Leader of Manager Oversight (2015-2017); Chartered Financial Analyst and Certified Financial Risk Manager. |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed(3) | Principal Occupation(s) During Past 5 Years | |
Jacques M. Longerstaey 1963 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 | Vice President | 2019 | Senior Managing Director, Chief Risk Officer, Nuveen, LLC (since May 2019); Senior Managing Director (since May 2019) of Nuveen Fund Advisors, LLC; formerly, Chief Investment and Model Risk Officer, Wealth & Investment Management Division, Wells Fargo Bank (NA) (from 2013-2019). | |
Kevin J. McCarthy 1966 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Assistant Secretary | 2007 | Senior Managing Director (since 2017) and Secretary and General Counsel (since 2016) of Nuveen Investments, Inc., formerly, Executive Vice President (2016-2017) and Managing Director and Assistant Secretary (2008-2016); Senior Managing Director (since 2017) and Assistant Secretary (since 2008) of Nuveen Securities, LLC, formerly Executive Vice President (2016-2017) and Managing Director (2008-2016); Senior Managing Director (since 2017), Secretary (since 2016) and Co-General Counsel (since 2011) of Nuveen Fund Advisors, LLC, formerly, Executive Vice President (2016-2017), Managing Director (2008-2016) and Assistant Secretary (2007-2016); Senior Managing Director (since 2017), Secretary (since 2016) and Associate General Counsel (since 2011) of Nuveen Asset Management, LLC, formerly Executive Vice President (2016-2017) and Managing Director and Assistant Secretary (2011-2016); Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Investments Advisers, LLC, formerly Executive Vice President (2016-2017); Vice President (since 2007) and Secretary (since 2016), formerly, Assistant Secretary, of NWQ Investment Management Company, LLC, Symphony Asset Management, LLC, Santa Barbara Asset Management, LLC and Winslow Capital Management, LLC (since 2010). Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Alternative Investments, LLC. | |
Jon Scott Meissner 1973 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 | Vice President | 2019 | Managing Director of Mutual Fund Tax and Financial Reporting groups at Nuveen (since 2017); Managing Director of Nuveen Fund Advisors, LLC (since 2019); Senior Director of Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC (since 2016); Senior Director (since 2015) Mutual Fund Taxation to the TIAA-CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate Account VA-1 and the CREF Accounts; has held various positions with TIAA since 2004. | |
Deann D. Morgan 1969 100 Park Avenue New York, NY 10016 | Vice President | 2020 | Executive Vice President, Global Head of Product at Nuveen (since November 2019); Co-Chief Executive Officer of Nuveen Securities, LLC (since March 2020); Managing Member MDR Collaboratory LLC (since 2018); Managing Director, Head of Wealth Management Product Structuring & COO Multi Asset Investing. The Blackstone Group (2013-2017). | |
Christopher M. Rohrbacher 1971 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Secretary | 2008 | Managing Director (since 2017) and Assistant Secretary of Nuveen Securities, LLC; Managing Director (since 2017), formerly, Senior Vice President (2016-2017), Co-General Counsel (since 2019) and Assistant Secretary (since 2016) of Nuveen Fund Advisors, LLC; Managing Director (since 2017), formerly, Senior Vice President (2012-2017) and Associate General Counsel (since 2016), formerly, Assistant General Counsel (2008-2016) of Nuveen. | |
William A. Siffermann 1975 333 W. Wacker Drive Chicago, IL 60606 | Vice President | 2017 | Managing Director (since 2017), formerly Senior Vice President (2016-2017) and Vice President (2011-2016) of Nuveen. | |
E. Scott Wickerham 1973 TIAA 730 Third Avenue New York, NY 10017 | Vice President and Controller | 2019 | Senior Managing Director, Head of Fund Administration at Nuveen, LLC (since 2019), formerly, Managing Director; Senior Managing Director (since 2019), Nuveen Fund Advisors, LLC; Principal Financial Officer, Principal Accounting Officer and Treasurer (since 2017) to the TIAA-CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate Account VA-1 and the Treasurer (since 2017) to the CREF Accounts; Senior Director, TIAA-CREF Fund Administration (2014-2015); has held various positions with TIAA since 2006. |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed(3) | Principal Occupation(s) During Past 5 Years | |
Gifford R. Zimmerman 1956 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Assistant Secretary | 1988 | Managing Director (since 2002), and Assistant Secretary of Nuveen Securities, LLC; Managing Director (since 2004) and Assistant Secretary (since 1994) of Nuveen Investments, Inc.; Managing Director (since 2002), Assistant Secretary (since 1997) and Co-General Counsel (since 2011) of Nuveen Fund Advisors, LLC; Managing Director, Assistant Secretary and Associate General Counsel of Nuveen Asset Management, LLC (since 2011); Vice President (since 2017), formerly, Managing Director (2003-2017) and Assistant Secretary (since 2003) of Symphony Asset Management LLC ; Managing Director and Assistant Secretary (since 2002) of Nuveen Investments Advisers, LLC; Vice President and Assistant Secretary of NWQ Investment Management Company, LLC (since 2002), Santa Barbara Asset Management, LLC (since 2006) and of Winslow Capital Management, LLC, (since 2010); Chartered Financial Analyst. |
Serving Investors for Generations
ITEM 2. | CODE OF ETHICS. |
As of the end of the period covered by this report, the registrant has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. There were no amendments to or waivers from the code during the period covered by this report. The registrant has posted the code of ethics on its website at www.nuveen.com/fund-governance. (To view the code, click on Code of Conduct.)
ITEM 3. | AUDIT COMMITTEE FINANCIAL EXPERT. |
As of the end of the period covered by this report, the registrant’s Board of Directors or Trustees (“Board”) determined that the registrant has at least one “audit committee financial expert” (as defined in Item 3 of Form N-CSR) serving on its Audit Committee. The registrant’s audit committee financial experts are Carole E. Stone, Jack B. Evans and William C. Hunter, who are “independent” for purposes of Item 3 of Form N-CSR.
Ms. Stone served for five years as Director of the New York State Division of the Budget. As part of her role as Director, Ms. Stone was actively involved in overseeing the development of the State’s operating, local assistance and capital budgets, its financial plan and related documents; overseeing the development of the State’s bond-related disclosure documents and certifying that they fairly presented the State’s financial position; reviewing audits of various State and local agencies and programs; and coordinating the State’s system of internal audit and control. Prior to serving as Director, Ms. Stone worked as a budget analyst/examiner with increasing levels of responsibility over a 30 year period, including approximately five years as Deputy Budget Director. Ms. Stone has also served as Chair of the New York State Racing Association Oversight Board, as Chair of the Public Authorities Control Board, as a Commissioner on the New York State Commission on Public Authority Reform and as a member of the Boards of Directors of several New York State public authorities. These positions have involved overseeing operations and finances of certain entities and assessing the adequacy of project/entity financing and financial reporting. Currently, Ms. Stone is on the Board of Directors of CBOE Holdings, Inc., of the Chicago Board Options Exchange, and of C2 Options Exchange. Ms. Stone’s position on the boards of these entities and as a member of both CBOE Holdings’ Audit Committee and its Finance Committee has involved, among other things, the oversight of audits, audit plans and preparation of financial statements.
Mr. Evans was formerly President and Chief Operating Officer of SCI Financial Group, Inc., a full service registered broker-dealer and registered investment adviser (“SCI”). As part of his role as President and Chief Operating Officer, Mr. Evans actively supervised the Chief Financial Officer (the “CFO”) and actively supervised the CFO’s preparation of financial statements and other filings with various regulatory authorities. In such capacity, Mr. Evans was actively involved in the preparation of SCI’s financial statements and the resolution of issues raised in connection therewith. Mr. Evans has also served on the audit committee of various reporting companies. At such companies, Mr. Evans was involved in the oversight of audits, audit plans, and the preparation of financial statements. Mr. Evans also formerly chaired the audit committee of the Federal Reserve Bank of Chicago.
Mr. Hunter was formerly a Senior Vice President at the Federal Reserve Bank of Chicago. As part of his role as Senior Vice President, Mr. Hunter was the senior officer responsible for all operations of each of the Economic Research, Statistics, and Community and Consumer Affairs units at the Federal Reserve Bank of Chicago. In such capacity, Mr. Hunter oversaw the subunits of the Statistics and Community and Consumer Affairs divisions responsible for the analysis and evaluation of bank and bank holding company financial statements and financial filings. Prior to serving as Senior Vice President at the Federal Reserve Bank of Chicago, Mr. Hunter was the Vice President of the Financial Markets unit at the Federal Reserve Bank of Atlanta where he supervised financial staff and bank holding company analysts who analyzed and evaluated bank and bank holding company financial statements. Mr. Hunter also currently serves on the Boards of Directors of Xerox Corporation and Wellmark, Inc. as well as on the Audit Committees of such Boards. As an Audit Committee member, Mr. Hunter’s responsibilities include, among other things, reviewing financial statements, internal audits and internal controls over financial reporting. Mr. Hunter also formerly was a Professor of Finance at the University of Connecticut School of Business and has authored numerous scholarly articles on the topics of finance, accounting and economics.
ITEM 4. | PRINCIPAL ACCOUNTANT FEES AND SERVICES. |
The following tables show the amount of fees that PricewaterhouseCoopers LLP, the Funds’ auditor, billed to the Funds’ during the Funds’ last two full fiscal years. The Audit Committee approved in advance all audit services and non-audit services that PricewaterhouseCoopers LLP, provided to the Funds, except for those non-audit services that were subject to the pre-approval exception under Rule 2-01 of Regulation S-X (the “pre-approval exception”). The preapproval exception for services provided directly to the Funds waives the pre-approval requirement for services other than audit, review or attest services if: (A) the aggregate amount of all such services provided constitutes no more than 5% of the total amount of revenues paid by the Funds during the fiscal year in which the services are provided; (B) the Funds did not recognize the services as non-audit services at the time of the engagement; and (C) the services are promptly brought to the Audit Committee’s attention, and the Committee (or its delegate) approves the services before the audit is completed.
The Audit Committee has delegated certain pre-approval responsibilities to its Chair (or, in her absence, any other member of the Audit Committee).
Fiscal Year Ended July 31, 2020 | Audit Fees Billed to Funds 1 | Audit-Related Fees Billed to Funds 2 | Tax Fees Billed to Funds 3 | All Other Fees Billed to Funds 4 | ||||||||||||
Fund Name | ||||||||||||||||
Municipal Total Return Managed Accounts Portfolio | 33,920 | 0 | 0 | 0 | ||||||||||||
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Total | $ | 33,920 | $ | 0 | $ | 0 | $ | 0 |
1 | “Audit Fees” are the aggregate fees billed for professional services for the audit of the Fund’s annual financial statements and services provided in connection with statutory and regulatory filings or engagements. |
2 | “Audit-Related Fees” are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or review of financial statements that are not reported under “Audit Fees”. These fees include offerings related to the Fund’s common shares and leverage. |
3 | “Tax Fees” are the aggregate fees billed for professional services for tax advice, tax compliance, and tax planning. These fees include: all global withholding tax services; excise and state tax reviews; capital gain, tax equalization and taxable basis calculations performed by the principal accountant. |
4 | “All Other Fees” are the aggregate fees billed for products and services other than “Audit Fees”, “Audit-Related Fees” and “Tax Fees”. These fees represent all “Agreed-Upon Procedures” engagements pertaining to the Fund’s use of leverage. |
Percentage Approved Pursuant to Pre-approval Exception | ||||||||||||||||
Audit Fees Billed to Funds | Audit-Related Fees Billed to Funds | Tax Fees Billed to Funds | All Other Fees Billed to Funds | |||||||||||||
Fund Name | ||||||||||||||||
Municipal Total Return Managed Accounts Portfolio | 0 | % | 0 | % | 0 | % | 0 | % |
Fiscal Year Ended July 31, 2019 | Audit Fees Billed to Funds 1 | Audit-Related Fees Billed to Funds 2 | Tax Fees Billed to Funds 3 | All Other Fees Billed to Funds 4 | ||||||||||||
Fund Name | ||||||||||||||||
Municipal Total Return Managed Accounts Portfolio | 32,785 | 0 | 0 | 0 | ||||||||||||
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Total | $ | 32,785 | $ | 0 | $ | 0 | $ | 0 |
1 | “Audit Fees” are the aggregate fees billed for professional services for the audit of the Fund’s annual financial statements and services provided in connection with statutory and regulatory filings or engagements. |
2 | “Audit-Related Fees” are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or review of financial statements that are not reported under “Audit Fees”. These fees include offerings related to the Fund’s common shares and leverage. |
3 | “Tax Fees” are the aggregate fees billed for professional services for tax advice, tax compliance, and tax planning. These fees include: all global withholding tax services; excise and state tax reviews; capital gain, tax equalization and taxable basis calculations performed by the principal accountant. |
4 | “All Other Fees” are the aggregate fees billed for products and services other than “Audit Fees”, “Audit-Related Fees” and “Tax Fees”. These fees represent all “Agreed-Upon Procedures” engagements pertaining to the Fund’s use of leverage. |
Percentage Approved Pursuant to Pre-approval Exception | ||||||||||||||||
Audit Fees Billed to Funds | Audit-Related Fees Billed to Funds | Tax Fees Billed to Funds | All Other Fees Billed to Funds | |||||||||||||
Fund Name | ||||||||||||||||
Municipal Total Return Managed Accounts Portfolio | 0 | % | 0 | % | 0 | % | 0 | % |
Fiscal Year Ended July 31, 2020 | Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers | Tax Fees Billed to Adviser and Affiliated Fund Service Providers | All Other Fees Billed to Adviser and Affiliated Fund Service Providers | |||||||||
Nuveen Managed Accounts Portfolios Trust | $ | 0 | $ | 0 | $ | 0 | ||||||
Percentage Approved Pursuant to Pre-approval Exception | ||||||||||||
Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers | Tax Fees Billed to Adviser and Affiliated Fund Service Providers | All Other Fees Billed to Adviser and Affiliated Fund Service Providers | ||||||||||
0 | % | 0 | % | 0 | % | |||||||
Fiscal Year Ended July 31, 2019 | Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers | Tax Fees Billed to Adviser and Affiliated Fund Service Providers | All Other Fees Billed to Adviser and Affiliated Fund Service Providers | |||||||||
Nuveen Managed Accounts Portfolios Trust | $ | 0 | $ | 0 | $ | 0 | ||||||
Percentage Approved Pursuant to Pre-approval Exception | ||||||||||||
Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers | Tax Fees Billed to Adviser and Affiliated Fund Service Providers | All Other Fees Billed to Adviser and Affiliated Fund Service Providers | ||||||||||
0 | % | 0 | % | 0 | % |
Fiscal Year Ended July 31, 2020 | Total Non-Audit Fees Billed to Trust | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Trust) | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (all other engagements) | Total | ||||||||||||
Fund Name | ||||||||||||||||
Municipal Total Return Managed Accounts Portfolio | 0 | 0 | 0 | 0 | ||||||||||||
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Total | $ | 0 | $ | 0 | $ | 0 | $ | 0 |
“Non-Audit Fees billed to Fund” for both fiscal year ends represent “Tax Fees” and “All Other Fees” billed to Fund in their respective amounts from the previous table.
Less than 50 percent of the hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees.
Fiscal Year Ended July 31, 2019 | Total Non-Audit Fees Billed to Trust | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Trust) | Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (all other engagements) | Total | ||||||||||||
Fund Name | ||||||||||||||||
Municipal Total Return Managed Accounts Portfolio | 0 | 0 | 0 | 0 | ||||||||||||
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Total | $ | 0 | $ | 0 | $ | 0 | $ | 0 |
“Non-Audit Fees billed to Fund” for both fiscal year ends represent “Tax Fees” and “All Other Fees” billed to Fund in their respective amounts from the previous table.
Audit Committee Pre-Approval Policies and Procedures. Generally, the Audit Committee must approve (i) all non-audit services to be performed for the Funds by the Funds’ independent accountant and (ii) all audit and non-audit services to be performed by the Funds’ independent accountant for the Affiliated Fund Service Providers with respect to the operations and financial reporting of the Funds. Regarding tax and research projects conducted by the independent accountant for the Funds and Affiliated Fund Service Providers (with respect to operations and financial reports of the Trust), such engagements will be (i) pre-approved by the Audit Committee if they are expected to be for amounts greater than $10,000; (ii) reported to the Audit Committee Chair for her verbal approval prior to engagement if they are expected to be for amounts under $10,000 but greater than $5,000; and (iii) reported to the Audit Committee at the next Audit Committee meeting if they are expected to be for an amount under $5,000.
ITEM 5. | AUDIT COMMITTEE OF LISTED REGISTRANTS. |
Not applicable to this registrant.
ITEM 6. | SCHEDULE OF INVESTMENTS. |
a) | See Portfolio of Investments in Item 1. |
b) | Not applicable. |
ITEM 7. | DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Not applicable to this registrant.
ITEM 8. | PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Not applicable to this registrant.
ITEM 9. | PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS. |
Not applicable to this registrant.
ITEM 10. | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. |
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board of Trustees implemented after the registrant last provided disclosure in response to this Item.
ITEM 11. | CONTROLS AND PROCEDURES. |
(a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
(b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
ITEM 12. | DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Not applicable.
ITEM 13. | EXHIBITS. |
File the exhibits listed below as part of this Form.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Nuveen Managed Accounts Portfolios Trust
By (Signature and Title) | /s/ Christopher M. Rohrbacher | |
Christopher M. Rohrbacher | ||
Vice President and Secretary |
Date: October 7, 2020
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title) | /s/ Greg A. Bottjer | |
Greg A. Bottjer | ||
Chief Administrative Officer | ||
(principal executive officer) |
Date: October 7, 2020
By (Signature and Title) | /s/ E. Scott Wickerham | |
E. Scott Wickerham | ||
Vice President and Controller | ||
(principal financial officer) |
Date: October 7, 2020