Municipal Total Return Managed Accounts Portfolio
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 105.4% | ||||||
MUNICIPAL BONDS – 105.4% | ||||||
Alabama – 1.4% | ||||||
$850 | Alabama State Board of Education, Revenue Bonds, Faulkner State Community College, Series 2009, 6.125%, 10/01/28 | 12/19 at 100.00 | A1 | $853,120 | ||
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 | 2,054,762 | ||
1,890 | 5.000%, 10/01/26 – AGM Insured (AMT) | No Opt. Call | AA | 2,256,792 | ||
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 | 1,454,760 | ||
Tuscaloosa County Board of Education, Alabama, Special Tax School Warrants, Series 2017: | ||||||
960 | 5.000%, 2/01/36 | 2/27 at 100.00 | AA- | 1,144,992 | ||
795 | 5.000%, 2/01/37 | 2/27 at 100.00 | AA- | 945,231 | ||
1,050 | 5.000%, 2/01/43 | 2/27 at 100.00 | AA- | 1,235,409 | ||
4,720 | University of Alabama, General Revenue Bonds, Series 2019C, 4.000%, 7/01/33 | 7/29 at 100.00 | AA | 5,502,859 | ||
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 | 2,849,824 | ||
15,595 | Total Alabama | 18,297,749 | ||||
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+ | 1,302,169 | ||
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 | 1,542,450 | ||
1,500 | Alaska Municipal Bond Bank, General Obligation Bonds, Three Series 2015, 5.250%, 10/01/31 | 4/25 at 100.00 | AA- | 1,756,575 | ||
1,000 | Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 5.000%, 6/01/46 | 11/19 at 100.00 | B3 | 1,001,360 | ||
5,000 | Total Alaska | 5,602,554 | ||||
Arizona – 1.5% | ||||||
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 | 1,144,740 | ||
1,000 | 5.000%, 7/01/37 | 7/24 at 100.00 | AA | 1,142,910 | ||
1,250 | 5.000%, 7/01/38 | 7/24 at 100.00 | AA | 1,426,262 | ||
1,000 | Arizona Health Facilities Authority, Hospital Revenue Bonds, Banner Health Systems, Tender Option Bond Trust 2015-XF2045, 14.342%, 1/01/43, 144A (IF) (4) | 1/22 at 100.00 | AA- | 1,277,550 |
1
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
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: | ||||||
$100 | 3.000%, 7/01/22, 144A | No Opt. Call | BB | $100,715 | ||
100 | 5.000%, 7/01/37, 144A | 7/27 at 100.00 | BB | 110,208 | ||
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 | 1,081,800 | ||
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+ | 121,100 | ||
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 | 1,080,450 | ||
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+ | 4,032,532 | ||
1,000 | 5.000%, 7/01/45 | 7/25 at 100.00 | A+ | 1,150,990 | ||
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- | 1,122,860 | ||
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) | 269,555 | ||
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- | 243,464 | ||
455 | Pima County Industrial Development Authority, Arizona, Charter School Revenue Bonds, Cambridge Academy-East, Inc Project, Series 2010, 5.875%, 4/01/22 | 4/20 at 100.00 | N/R | 429,748 | ||
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 | 447,236 | ||
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+ | 224,402 | ||
1,500 | 5.000%, 9/01/34, 144A | 3/25 at 100.00 | BB+ | 1,610,640 | ||
180 | 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+ | 183,449 | ||
275 | 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) | 295,738 | ||
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 | 1,153,170 | ||
16,530 | Total Arizona | 18,649,519 |
2
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arkansas – 0.4% | ||||||
Little Rock School District, Pulaski County, Arkansas, General Obligation Bonds, Refunding Series 2019: | ||||||
$1,370 | 3.000%, 2/01/24 | No Opt. Call | Aa2 | $1,458,461 | ||
1,000 | 3.000%, 2/01/27 | 8/24 at 100.00 | Aa2 | 1,056,140 | ||
1,985 | 3.000%, 2/01/28 | 8/24 at 100.00 | Aa2 | 2,084,806 | ||
4,355 | Total Arkansas | 4,599,407 | ||||
California – 11.6% | ||||||
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- | 519,675 | ||
655 | California Educational Facilities Authority, Revenue Bonds, Stanford University, Series 2013-U3, 5.000%, 6/01/43 | No Opt. Call | AAA | 968,843 | ||
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 | AA- | 6,136,750 | ||
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+ | 1,417,338 | ||
1,000 | California Health Facilities Financing Authority, Revenue Bonds, Catholic Healthcare West, Series 2009F, 5.625%, 7/01/25 | 12/19 at 100.00 | BBB+ | 1,007,250 | ||
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+ | 246,189 | ||
5,000 | California Health Facilities Financing Authority, Revenue Bonds, Kaiser Permanente System, Series 2017A-2, 4.000%, 11/01/38 (UB) | 11/27 at 100.00 | AA- | 5,648,900 | ||
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- | 946,849 | ||
1,000 | 5.000%, 11/15/42 (UB) (4) | 11/27 at 100.00 | AA- | 1,213,290 | ||
220 | California Municipal Finance Authority Charter School Revenue Bonds, Albert Einstein Academies Project, Series 2013A, 6.000%, 8/01/23 | No Opt. Call | BB- | 233,992 | ||
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 | 112,402 | ||
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 | 1,309,399 | ||
California Municipal Finance Authority, Charter School Revenue Bonds, Partnerships to Uplift Communities Project, Series 2012A: | ||||||
260 | 4.750%, 8/01/22 | No Opt. Call | BB | 273,702 | ||
675 | 5.000%, 8/01/32 | 8/22 at 100.00 | BB | 708,791 | ||
675 | 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 | 715,810 | ||
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+ | 831,799 | ||
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 | 807,499 |
3
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
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 | $1,207,880 | ||
3,015 | 5.000%, 7/01/33 | 7/27 at 100.00 | Baa2 | 3,575,609 | ||
1,750 | 4.000%, 7/01/42 | 7/27 at 100.00 | Baa2 | 1,898,697 | ||
1,300 | California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Series 2010A, 5.500%, 7/01/30 (Pre-refunded 7/01/20), 144A | 7/20 at 100.00 | Baa2 (5) | 1,338,012 | ||
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 | 8,019,836 | ||
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+ | 1,056,519 | ||
3,510 | California School Finance Authority Charter School Revenue Notes, Inspire Charter Schools, Series 2019B, 3.000%, 7/15/20, 144A | No Opt. Call | N/R | 3,513,264 | ||
1,250 | California School Finance Authority School Facility Revenue Bonds, KIPP LA Projects, Series 2015A, 3.625%, 7/01/25, 144A | No Opt. Call | BBB | 1,314,087 | ||
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 | 1,127,960 | ||
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 | 486,091 | ||
330 | 5.000%, 8/01/24, 144A | No Opt. Call | BBB | 376,335 | ||
360 | 5.000%, 8/01/25, 144A | No Opt. Call | BBB | 419,620 | ||
790 | 5.000%, 8/01/26, 144A | 8/25 at 100.00 | BBB | 916,147 | ||
250 | 5.000%, 8/01/27, 144A | 8/25 at 100.00 | BBB | 288,735 | ||
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+ | 1,674,842 | ||
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- | 811,104 | ||
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 | 754,950 | ||
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 | 342,435 | ||
325 | 5.000%, 6/01/37, 144A | 6/27 at 100.00 | N/R | 353,350 | ||
California School Finance Authority, School Facility Revenue Bonds, Alliance for College-Ready Public Schools Project, Series 2016C: | ||||||
450 | 4.000%, 7/01/20 | No Opt. Call | BBB | 457,007 | ||
510 | 5.000%, 7/01/21 | No Opt. Call | BBB | 537,566 | ||
640 | 5.000%, 7/01/22 | No Opt. Call | BBB | 694,240 | ||
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 | 1,201,678 | ||
300 | California School Finance Authority, School Facility Revenue Bonds, KIPP LA Projects, Series 2017A, 5.000%, 7/01/25, 144A | No Opt. Call | BBB | 350,445 |
4
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$5,000 | California State University, Systemwide Revenue Bonds, Series 2019A, 5.000%, 11/01/44 (UB) (4) | 11/29 at 100.00 | Aa2 | $6,301,100 | ||
5,000 | California State, General Obligation Bonds, Refunding Various Purpose Series 2017, 5.000%, 8/01/36 (UB) | 8/26 at 100.00 | Aa2 | 6,027,800 | ||
465 | California State, General Obligation Bonds, Various Purpose Series 1997, 5.625%, 10/01/21 | 4/20 at 100.00 | AA+ | 473,719 | ||
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- | 984,175 | ||
830 | 5.000%, 10/01/32 | 10/26 at 100.00 | A- | 987,501 | ||
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 | 4,430,244 | ||
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 | 195,327 | ||
California Statewide Communities Development Authority, Student Housing Revenue Bonds, University of California, Irvine East Campus Apartments, Phase IV-A CHF-Irvine, LLC, Series 2017: | ||||||
1,675 | 5.000%, 5/15/34 | 5/27 at 100.00 | Baa1 | 2,014,037 | ||
1,000 | 5.000%, 5/15/36 | 5/27 at 100.00 | Baa1 | 1,196,710 | ||
1,130 | California Statewide Community Development Authority, Revenue Bonds, Los Angeles Jewish Home for the Aging-Fountainview Gonda, Series 2014A, 5.000%, 8/01/29 | 8/22 at 102.00 | AA- | 1,264,176 | ||
440 | Carson Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Merged & Amended Project Area, Refunding Series 2014A, 5.000%, 10/01/24 | No Opt. Call | AA- | 520,744 | ||
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 | 4,998,880 | ||
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 | 804,397 | ||
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 | 1,344,500 | ||
50 | Long Beach Bond Finance Authority, California, Natural Gas Purchase Revenue Bonds, Series 2007A, 5.000%, 11/15/35 | No Opt. Call | A+ | 66,442 | ||
1,400 | Long Beach, California, Harbor Revenue Bonds, Series 2017, 5.000%, 5/15/29 (AMT) | 5/27 at 100.00 | AA | 1,722,672 | ||
Long Beach, California, Harbor Revenue Bonds, Series 2019A: | ||||||
2,500 | 5.000%, 5/15/44 (UB) (4) | 5/29 at 100.00 | Aa2 | 3,117,875 | ||
2,500 | 5.000%, 5/15/49 (UB) (4) | 5/29 at 100.00 | Aa2 | 3,107,200 | ||
Long Beach, California, Marina Revenue Bonds, Alamitos Bay Marina Project, Series 2015: | ||||||
320 | 5.000%, 5/15/24 | No Opt. Call | BBB | 360,938 | ||
745 | 5.000%, 5/15/26 | 5/25 at 100.00 | BBB | 852,645 | ||
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 | 875,947 |
5
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
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- | $2,606,560 | ||
500 | 5.000%, 5/15/34 (AMT) | 5/26 at 100.00 | AA- | 591,335 | ||
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- | 1,209,510 | ||
2,000 | 5.000%, 5/15/34 (AMT) | 5/27 at 100.00 | AA- | 2,412,560 | ||
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- | 1,387,356 | ||
Los Angeles Regional Airports Improvement Corporation, California, Lease Revenue Bonds, LAXFUEL Corporation at Los Angeles International Airport, Refunding Series 2012: | ||||||
750 | 5.000%, 1/01/22 (AMT) | No Opt. Call | A | 807,015 | ||
3,000 | 5.000%, 1/01/32 (AMT) | 1/22 at 100.00 | A | 3,198,270 | ||
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 | 427,612 | ||
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 | BB- | 2,131,143 | ||
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) | 93,865 | ||
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 | 1,160,234 | ||
2,245 | 3.000%, 4/01/31 – BAM Insured | 4/26 at 100.00 | AA | 2,374,290 | ||
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 | 1,405,463 | ||
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+ | 724,316 | ||
1,290 | 5.000%, 9/01/27 | 9/25 at 100.00 | BBB+ | 1,511,519 | ||
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 | 345,078 | ||
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 | 1,206,800 | ||
500 | 5.000%, 7/01/35 (AMT) | 7/27 at 100.00 | A | 601,545 | ||
1,000 | San Diego Unified Port District, California, Revenue Bonds, Refunding Series 2013A, 5.000%, 9/01/27 | 9/23 at 100.00 | A+ | 1,131,050 | ||
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 | A+ | 12,074,400 | ||
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 | 5,721,750 |
6
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$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 | $1,537,434 | ||
550 | San Jose, California, Airport Revenue Bonds, Refunding Series 2014A, 5.000%, 3/01/25 (AMT) | 3/24 at 100.00 | A | 635,113 | ||
1,530 | San Jose, California, Airport Revenue Bonds, Refunding Series 2017A, 5.000%, 3/01/29 (AMT) | 3/27 at 100.00 | A | 1,871,802 | ||
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) | 557,135 | ||
Upland, California, Certificates of Participation, San Antonio Regional Hospital, Series 2017: | ||||||
585 | 5.000%, 1/01/25 | No Opt. Call | BBB+ | 671,791 | ||
1,110 | 5.000%, 1/01/26 | No Opt. Call | BBB+ | 1,300,842 | ||
530 | 5.000%, 1/01/28 | No Opt. Call | BBB+ | 641,496 | ||
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 | 1,204,430 | ||
128,230 | Total California | 149,003,630 | ||||
Colorado – 3.9% | ||||||
4,000 | Adams and Arapahoe Counties Joint School District 28J, Aurora, Colorado, General Obligation Bonds, Series 2012, 5.000%, 12/01/28 | 12/22 at 100.00 | Aa2 | 4,445,440 | ||
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 | 751,488 | ||
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 | 1,534,008 | ||
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+ | 5,616,495 | ||
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 | 1,193,660 | ||
1,330 | 5.000%, 6/15/35 | 6/26 at 100.00 | Aa2 | 1,581,290 | ||
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 | 534,730 | ||
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+ | 308,589 | ||
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+ | 2,418,703 | ||
3,000 | 5.000%, 8/01/32 | 8/29 at 100.00 | BBB+ | 3,667,080 | ||
3,500 | 5.000%, 8/01/33 | 8/29 at 100.00 | BBB+ | 4,266,990 | ||
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+ | 1,783,932 |
7
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
$1,000 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sisters of Charity of Leavenworth Health Services Corporation, Tender Option Bond Trust 2015-XF2196, 16.320%, 1/01/35, 144A (IF) (4) | 1/24 at 100.00 | AA- | $1,594,830 | ||
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 | 962,406 | ||
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 | 1,469,871 | ||
4,925 | Denver, Colorado, Certificates of Participation, Convention Center Expansion Project, Series 2018A, 4.000%, 6/01/48 (UB) (4) | 6/26 at 100.00 | AA+ | 5,326,437 | ||
484 | Fitzsimons Village Metropolitan District 1, Aurora, Arapahoe County, Colorado, Tax Increment Public Improvement Fee Supported Revenue Bonds, Series 2010A, 7.500%, 3/01/40 | 3/20 at 100.00 | N/R | 488,327 | ||
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 | 514,900 | ||
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 | 1,581,700 | ||
1,665 | 5.500%, 12/01/36 | 12/27 at 100.00 | AA | 2,126,488 | ||
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 | 1,349,898 | ||
1,000 | Regional Transportation District, Colorado, Denver Transit Partners Eagle P3 Project Private Activity Bonds, Series 2010, 6.500%, 1/15/30 | 7/20 at 100.00 | BBB | 1,029,270 | ||
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+ | 3,663,587 | ||
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 | 510,140 | ||
1,085 | Weld County School District RE8, Colorado, General Obligation Bonds, Series 2017, 5.000%, 12/01/31 | 12/26 at 100.00 | Aa2 | 1,324,091 | ||
42,424 | Total Colorado | 50,044,350 | ||||
Connecticut – 1.3% | ||||||
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 | 599,315 | ||
410 | 5.000%, 7/01/37 | 7/27 at 100.00 | A | 489,909 | ||
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- | 2,898,050 | ||
4,000 | Greenwich, Connecticut, General Obligation Bonds, Series 2018, 3.000%, 1/16/20 | No Opt. Call | N/R | 4,016,720 | ||
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 | 1,743,330 | ||
6,465 | 5.000%, 4/01/39, 144A | 4/27 at 100.00 | N/R | 7,302,929 | ||
15,375 | Total Connecticut | 17,050,253 |
8
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Delaware – 0.1% | ||||||
$535 | Delaware Economic Development Authority, Delaware, Delaware, First State Montessori Academy, Inc Project, Series 2019A, 4.000%, 8/01/29, 144A | No Opt. Call | BBB- | $597,686 | ||
390 | Delaware Economic Development Authority, Revenue Bonds, Newark Charter School, Refunding Series 2016A, 2.800%, 9/01/26 | No Opt. Call | BBB+ | 402,733 | ||
700 | Delaware Economic Development Authority, Revenue Bonds, Newark Charter School, Series 2012, 3.875%, 9/01/22 | 3/22 at 100.00 | BBB+ | 725,025 | ||
1,625 | Total Delaware | 1,725,444 | ||||
District of Columbia – 3.1% | ||||||
5,000 | 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+ | 5,523,200 | ||
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+ | 2,371,300 | ||
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 | 2,449,060 | ||
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 | 6,060,150 | ||
1,000 | District of Columbia, General Obligation Bonds, Series 2016A, 5.000%, 6/01/41 | 6/26 at 100.00 | Aaa | 1,179,780 | ||
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 | 1,196,600 | ||
5,000 | District of Columbia, Income Tax Secured Revenue Bonds, Refunding Series 2010A, 5.000%, 12/01/29 | 6/20 at 100.00 | AAA | 5,108,500 | ||
District of Columbia, Revenue Bonds, Association of American Medical Colleges, Series 2011A: | ||||||
1,000 | 5.000%, 10/01/28 | 10/23 at 100.00 | AA | 1,122,360 | ||
1,000 | 5.000%, 10/01/29 | 10/23 at 100.00 | AA | 1,118,750 | ||
575 | 5.000%, 10/01/30 | 10/23 at 100.00 | AA | 640,975 | ||
5,000 | District of Columbia, Revenue Bonds, Georgetown University, Refunding Series 2017, 5.000%, 4/01/33 | 4/27 at 100.00 | A2 | 6,052,250 | ||
2,000 | District of Columbia, Revenue Bonds, KIPP DC Issue, Refunding Series 2017A, 5.000%, 7/01/37 | 1/28 at 100.00 | BBB+ | 2,368,760 | ||
2,000 | District of Columbia, Revenue Bonds, KIPP DC Issue, Refunding Series 2017B, 5.000%, 7/01/37 | 1/28 at 100.00 | BBB+ | 2,368,760 | ||
District of Columbia, Revenue Bonds, KIPP DC Issue, Series 2019: | ||||||
250 | 5.000%, 7/01/28 | No Opt. Call | BBB+ | 307,623 | ||
250 | 5.000%, 7/01/29 | No Opt. Call | BBB+ | 311,775 | ||
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 | AA- | 2,189,440 | ||
35,075 | Total District of Columbia | 40,369,283 | ||||
Florida – 8.8% | ||||||
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 | 1,238,979 |
9
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$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 | $805,793 | ||
5,000 | Brevard County School Board, Florida, Certificates of Participation, Refunding Series 2017A, 5.000%, 7/01/31 | 7/27 at 100.00 | Aa3 | 6,093,250 | ||
1,930 | Broward County, Florida, Airport System Revenue Bonds, Series 2017, 5.000%, 10/01/35 (AMT) | 10/27 at 100.00 | A+ | 2,304,304 | ||
1,000 | Broward County, Florida, Port Facilities Revenue Bonds, Refunding Series 2011B, 5.000%, 9/01/23 – AGM Insured (AMT) | 9/21 at 100.00 | AA | 1,065,590 | ||
2,000 | Broward County, Florida, Port Facilities Revenue Bonds, Series 2019B, 5.000%, 9/01/35 (AMT) | 9/29 at 100.00 | A1 | 2,458,580 | ||
3,680 | Central Florida Expressway Authority, Revenue Bonds, Senior Lien Series 2018, 5.000%, 7/01/43 | 7/28 at 100.00 | A+ | 4,451,034 | ||
3,035 | City of Miami Beach, Florida, Stormwater Revenue Bonds, Series 2015, 5.000%, 9/01/41 | 9/25 at 100.00 | AA- | 3,525,942 | ||
Cocoa, Florida, Water and Sewer System Revenue Bonds, Refunding Series 2018C: | ||||||
1,225 | 5.000%, 10/01/36 | 10/28 at 100.00 | AA | 1,534,913 | ||
1,315 | 5.000%, 10/01/37 | 10/28 at 100.00 | AA | 1,638,845 | ||
1,000 | 5.000%, 10/01/38 | 10/28 at 100.00 | AA | 1,239,420 | ||
Deerfield Beach, Florida, Capital Improvement Revenue Bonds, Series 2018: | ||||||
2,865 | 5.000%, 12/01/37 | 12/28 at 100.00 | AA | 3,564,547 | ||
1,200 | 5.000%, 12/01/38 | 12/28 at 100.00 | AA | 1,489,356 | ||
1,555 | Florida Board of Governors, Florida, Dormitory Revenue Bonds, Florida Atlantic University, Refunding Series 2017A, 4.000%, 7/01/33 – BAM Insured | 7/26 at 100.00 | AA | 1,726,019 | ||
495 | 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 | 515,810 | ||
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 | 181,029 | ||
385 | 5.750%, 7/01/47, 144A | 7/27 at 101.00 | N/R | 397,143 | ||
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 | 188,107 | ||
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) | 1/20 at 105.00 | N/R | 2,826,630 | ||
5,000 | Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project, Series 2019B, 1.900%, 1/01/49 (Mandatory Put 3/17/20) (AMT) | No Opt. Call | Aaa | 5,006,350 | ||
2,000 | Florida Ports Financing Commission, Revenue Bonds, State Transportation Trust Fund-Intermodal Program, Refunding Series 2011B, 5.125%, 6/01/27 (AMT) | 6/21 at 100.00 | AA+ | 2,112,660 | ||
3,465 | Fort Myers, Florida, Utility System Revenue Bonds, Refunding Series 2019A, 4.000%, 10/01/44 | 10/28 at 100.00 | Aa3 | 3,890,086 |
10
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
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+ | $1,219,050 | ||
400 | 5.000%, 10/01/34 (AMT) | 10/27 at 100.00 | A+ | 480,736 | ||
1,500 | Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds, Refunding Series 2015A, 5.000%, 10/01/28 (AMT) | 10/25 at 100.00 | AA- | 1,768,815 | ||
1,000 | Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport, Senior Lien Series 2015A, 5.000%, 10/01/30 (AMT) | 10/24 at 100.00 | AA- | 1,150,460 | ||
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- | 875,932 | ||
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+ | 3,454,200 | ||
6,100 | Hillsborough County, Florida, Capital Improvement Non-Ad Valorem Revenue Bonds, Series 2019, 3.000%, 8/01/37 | 8/29 at 100.00 | AAA | 6,430,864 | ||
1,650 | Jacksonville Health Facilities Authority, Florida, Health Facilities Revenue Bonds, Baptist Health Properties, Refunding Series 2017, 5.000%, 8/15/35 | 8/27 at 100.00 | AA | 2,006,532 | ||
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 | 1,229,791 | ||
1,900 | 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- | 1,942,370 | ||
Lee County, Florida, Solid Waste System Revenue Bonds, Refunding Series 2016: | ||||||
1,110 | 5.000%, 10/01/24 (AMT) | No Opt. Call | A | 1,266,355 | ||
605 | 5.000%, 10/01/26 (AMT) | No Opt. Call | A | 715,552 | ||
1,155 | Marco Island, Florida, Utility System Revenue Bonds, Refunding Series 2016, 3.000%, 10/01/33 | 10/26 at 100.00 | Aa3 | 1,202,505 | ||
5,000 | Martin County Health Facilities Authority, Florida, Hospital Revenue Bonds, Martin Memorial Medical Center, Series 2019, 4.000%, 1/01/46 (UB) (4) | 1/29 at 100.00 | AA | 5,558,300 | ||
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- | 966,305 | ||
250 | 5.000%, 11/15/26 | 11/24 at 100.00 | A- | 288,720 | ||
375 | 5.000%, 11/15/27 | 11/24 at 100.00 | A- | 431,966 | ||
500 | 5.000%, 11/15/28 | 11/24 at 100.00 | A- | 574,615 | ||
Miami Dade County, Florida, Rickenbacker Causeway Revenue Bonds, Series 2014: | ||||||
900 | 5.000%, 10/01/27 | 10/24 at 100.00 | A- | 1,032,021 | ||
920 | 5.000%, 10/01/28 | 10/24 at 100.00 | A- | 1,052,581 | ||
500 | 5.000%, 10/01/30 | 10/24 at 100.00 | A- | 568,420 | ||
Miami Health Facilities Authority, Florida, Health Facilities Revenue Bonds, Miami Jewish Health System Inc Project, Series 2017: | ||||||
590 | 5.000%, 7/01/23 | No Opt. Call | BBB | 648,333 | ||
1,750 | 5.125%, 7/01/46 | 7/27 at 100.00 | BBB | 1,973,265 |
11
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$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 | $2,225,400 | ||
2,870 | Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of Miami, Series 2018A, 5.000%, 4/01/53 | 4/28 at 100.00 | A- | 3,399,831 | ||
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 | 777,707 | ||
1,145 | Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2014A, 5.000%, 10/01/28 (AMT) | 10/24 at 100.00 | A | 1,323,700 | ||
1,000 | Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2016A, 5.000%, 10/01/41 | 10/26 at 100.00 | A | 1,179,740 | ||
4,000 | Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2018A, 5.000%, 10/01/38 (AMT) | 10/28 at 100.00 | A | 4,816,720 | ||
2,290 | Orange County, Florida, Tourist Development Tax Revenue Bonds, Refunding Series 2016B, 4.000%, 10/01/34 | 10/26 at 100.00 | Aa2 | 2,577,097 | ||
1,250 | 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 | 1,515,775 | ||
425 | Palm Beach County School Board, Florida, Certificates of Participation, Series 2015C, 5.000%, 8/01/30 | 8/25 at 100.00 | Aa3 | 502,622 | ||
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 | 606,177 | ||
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 | 1,050,132 | ||
2,000 | South Broward Hospital District, Florida, Hospital Revenue Bonds, Refunding Series 2016, 4.000%, 5/01/33 | 5/26 at 100.00 | AA | 2,207,860 | ||
500 | Tallahassee, Florida, Consolidated Utility Systems Revenue Bonds, Refunding Series 2015, 5.000%, 10/01/35 | 10/23 at 100.00 | AA+ | 566,525 | ||
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+ | 1,626,182 | ||
3,250 | Tampa, Florida, Revenue Bonds, H Lee Moffitt Cancer Center and Research Institute, Refunding Series 2016B, 5.000%, 7/01/37 | 7/26 at 100.00 | A- | 3,730,740 | ||
10 | Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible, Capital Appreciation, Series 2012A-4, 0.000%, 5/01/40 (6) | 5/22 at 100.00 | N/R | 8,630 | ||
5 | Tolomato Community Development District, Florida, Special Assessment Bonds, Hope Note, Series 2007-3, 6.375%, 5/01/17 (7) | No Opt. Call | N/R | — | ||
20 | Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-1, 0.000%, 5/01/40 | 12/19 at 100.00 | N/R | 17,145 | ||
15 | Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-2, 0.000%, 5/01/40 | 12/19 at 100.00 | N/R | 10,558 | ||
15 | Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-3, 6.610%, 5/01/40 (7) | 12/19 at 100.00 | N/R | — | ||
99,510 | Total Florida | 113,234,616 | ||||
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- | 2,369,186 |
12
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Georgia (continued) | ||||||
$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 | AA- | $5,611,500 | ||
220 | Atlanta, Georgia, Water and Wastewater Revenue Bonds, Tender Option Bond Trust 2015-XF0234, 16.490%, 3/01/23, 144A (IF) (4) | No Opt. Call | Aa2 | 397,355 | ||
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+ | 1,488,378 | ||
3,665 | 4.000%, 7/01/49 (UB) (4) | 7/29 at 100.00 | AA+ | 4,061,810 | ||
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 | 2,839,081 | ||
1,380 | 5.000%, 4/01/37 | 4/27 at 100.00 | A | 1,630,912 | ||
Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2019A: | ||||||
600 | 2.300%, 6/01/27 | No Opt. Call | AAA | 622,032 | ||
675 | 2.350%, 12/01/27 | No Opt. Call | AAA | 701,352 | ||
17,475 | Total Georgia | 19,721,606 | ||||
Guam – 0.1% | ||||||
450 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2013, 5.250%, 7/01/24 | 7/23 at 100.00 | A- | 503,748 | ||
340 | Guam Government, General Obligation Bonds, 2009 Series A, 6.000%, 11/15/19 | No Opt. Call | BB- | 340,452 | ||
500 | Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/22 – AGM Insured | No Opt. Call | AA | 549,910 | ||
1,290 | Total Guam | 1,394,110 | ||||
Hawaii – 0.7% | ||||||
Hawaii State 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+ | 1,135,760 | ||
1,600 | 5.000%, 8/01/28 (AMT) | 8/23 at 100.00 | A+ | 1,787,232 | ||
2,000 | Hawaii State, Airport System Revenue Bonds, Series 2015A, 5.000%, 7/01/41 (AMT) | 7/25 at 100.00 | AA- | 2,288,960 | ||
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) | 1,068,556 | ||
610 | 5.000%, 12/01/30 (Pre-refunded 12/01/21) | 12/21 at 100.00 | AA+ (5) | 658,404 | ||
2,000 | Honolulu City and County, Hawaii, General Obligation Bonds, Series 2015A, 5.000%, 10/01/37 | 10/25 at 100.00 | Aa1 | 2,352,040 | ||
8,200 | Total Hawaii | 9,290,952 | ||||
Idaho – 0.9% | ||||||
Boise State University, Idaho, General Revenue Bonds, Series 2018A: | ||||||
240 | 5.000%, 4/01/34 | 4/28 at 100.00 | Aa3 | 295,303 | ||
575 | 5.000%, 4/01/38 | 4/28 at 100.00 | Aa3 | 699,453 | ||
600 | 5.000%, 4/01/39 | 4/28 at 100.00 | Aa3 | 728,712 |
13
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Idaho (continued) | ||||||
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 | $577,360 | ||
1,000 | 5.000%, 6/01/30 | 12/24 at 100.00 | A3 | 1,150,870 | ||
2,090 | 5.000%, 6/01/31 | 12/24 at 100.00 | A3 | 2,403,855 | ||
Canyon County School District 139, Idaho, General Obligation Bonds, Series 2019B: | ||||||
1,000 | 5.000%, 9/15/37 | 3/29 at 100.00 | Aaa | 1,263,820 | ||
750 | 5.000%, 9/15/39 | 3/29 at 100.00 | Aaa | 942,210 | ||
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- | 1,488,388 | ||
865 | Idaho Health Facilities Authority, Revenue Bonds, Trinity Health Group, Series 2015, 5.500%, 12/01/29 | 6/25 at 100.00 | AA- | 1,041,019 | ||
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 | 1,157,119 | ||
9,940 | Total Idaho | 11,748,109 | ||||
Illinois – 6.0% | ||||||
Beford Park Village, Illinois, Hotel and Motel Tax Revenue Bonds, Refunding Series 2015A: | ||||||
920 | 4.000%, 12/01/22 | No Opt. Call | A3 | 966,616 | ||
1,395 | 4.000%, 12/01/23 | No Opt. Call | A3 | 1,486,121 | ||
1,000 | Board of Regents of Illinois State University, Auxiliary Facilities System Revenue Bonds, Series 2018A, 5.000%, 4/01/30 – AGM Insured | 4/28 at 100.00 | AA | 1,203,010 | ||
Board of Regents of Illinois State University, Auxiliary Facilities System Revenue Bonds, Series 2018B: | ||||||
1,390 | 5.000%, 4/01/30 – AGM Insured | 4/28 at 100.00 | AA | 1,672,184 | ||
375 | 5.000%, 4/01/32 – AGM Insured | 4/28 at 100.00 | AA | 446,059 | ||
705 | Chicago, Illinois, Certificates of Participation, Tax Increment Allocation Revenue Bonds, Pullman Park/Chicago Redevelopment Project, Series 2013A, 7.125%, 3/15/33 | 11/19 at 100.00 | N/R | 705,114 | ||
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 | 2,261,860 | ||
3,000 | 5.000%, 1/01/30 (AMT) | 1/24 at 100.00 | A | 3,373,530 | ||
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 | 516,275 | ||
Evanston, Cook County, Illinois, General Obligation Bonds, Corporate Purpose Series 2019A: | ||||||
725 | 5.000%, 12/01/38 | 12/29 at 100.00 | AA+ | 898,551 | ||
760 | 5.000%, 12/01/39 | 12/29 at 100.00 | AA+ | 938,691 | ||
795 | 5.000%, 12/01/40 | 12/29 at 100.00 | AA+ | 976,952 | ||
770 | 5.000%, 12/01/41 | 12/29 at 100.00 | AA+ | 942,234 |
14
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Evanston, Cook County, Illinois, General Obligation Bonds, Corporate Purpose Series 2019B: | ||||||
$930 | 5.000%, 12/01/38 | 12/29 at 100.00 | AA+ | $1,152,623 | ||
975 | 5.000%, 12/01/39 | 12/29 at 100.00 | AA+ | 1,204,242 | ||
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+ | 838,262 | ||
360 | Illinois Finance Authority, Revenue Bonds, Centegra Health System, Tender Option Bond Trust 2016-XF2339, 14.334%, 9/01/32, 144A (IF) (4) | 9/22 at 100.00 | AA+ | 489,715 | ||
1,045 | Illinois Finance Authority, Revenue Bonds, Advocate Health Care Network, Refunding Series 2015, 5.000%, 5/01/45 (UB) (4) | 5/25 at 100.00 | AA | 1,178,384 | ||
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 | 4,813,200 | ||
4,500 | Illinois Finance Authority, Revenue Bonds, Edward-Elmhurst Healthcare, Refunding Series 2018A, 4.250%, 1/01/44 | 1/28 at 100.00 | A | 4,844,790 | ||
3,000 | Illinois Finance Authority, Revenue Bonds, Edward-Elmhurst Healthcare, Series 2017A, 5.000%, 1/01/36 | 1/27 at 100.00 | A | 3,479,640 | ||
5,000 | Illinois Finance Authority, Revenue Bonds, Northwest Community Hospital, Refunding Series 2016A, 4.000%, 7/01/37 | 7/26 at 100.00 | A | 5,400,400 | ||
Illinois Finance Authority, Revenue Bonds, Northwestern Memorial Healthcare, Series 2017A: | ||||||
2,400 | 4.000%, 7/15/36 (UB) (4) | 1/28 at 100.00 | AA+ | 2,687,568 | ||
1,500 | 4.000%, 7/15/37 (UB) (4) | 1/28 at 100.00 | AA+ | 1,671,615 | ||
475 | 4.000%, 7/15/47 (UB) (4) | 1/28 at 100.00 | AA+ | 519,370 | ||
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Refunding Series 2010A: | ||||||
100 | 6.000%, 5/15/39 | 5/20 at 100.00 | A | 102,809 | ||
615 | 6.000%, 5/15/39 (Pre-refunded 5/15/20) | 5/20 at 100.00 | N/R (5) | 630,430 | ||
1,000 | Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2015A, 4.000%, 11/15/33 | 11/25 at 100.00 | A | 1,077,370 | ||
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Refunding Series 2015C: | ||||||
25 | 5.000%, 8/15/21 | No Opt. Call | Baa1 | 26,368 | ||
220 | 5.000%, 8/15/23 | No Opt. Call | Baa1 | 244,972 | ||
1,250 | Illinois Finance Authority, Revenue Bonds, University of Chicago, Refunding Series 2015A, 5.000%, 10/01/46 (UB) (4) | 10/25 at 100.00 | AA+ | 1,440,975 | ||
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- | 5,935,442 | ||
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 | 830,466 | ||
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 | 2,803,755 |
15
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
$200 | Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2012A, 5.000%, 6/15/42 – NPFG Insured | 6/22 at 100.00 | BBB | $210,080 | ||
1,325 | Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Series 2017B, 5.000%, 12/15/26 | No Opt. Call | BBB | 1,535,224 | ||
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Refunding Series 2010B-2: | ||||||
380 | 5.000%, 6/15/50 | 6/20 at 100.00 | BBB | 384,180 | ||
155 | 5.200%, 6/15/50 | 6/20 at 100.00 | BBB | 156,893 | ||
5,780 | 5.250%, 6/15/50 | 6/20 at 100.00 | BBB | 5,852,308 | ||
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) | 1,066,720 | ||
1,000 | Romeoville, Illinois, Revenue Bonds, Lewis University Project, Series 2018B, 5.000%, 10/01/39 | 4/25 at 100.00 | BBB+ | 1,094,000 | ||
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 | 909,863 | ||
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+ | 4,460,680 | ||
1,000 | Wilmette, Illinois, General Obligation Bonds, Series 2014, 4.000%, 12/01/43 | 12/22 at 100.00 | Aaa | 1,054,300 | ||
2,500 | Winnetka, Cook County, Illinois, General Obligation Bonds, Series 2014, 5.000%, 12/15/43 | 12/21 at 100.00 | Aaa | 2,665,175 | ||
68,420 | Total Illinois | 77,149,016 | ||||
Indiana – 6.5% | ||||||
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) | 1,805,060 | ||
1,000 | Fishers Redevelopment District, Indiana, General Obligation Bonds, Saxony Project Series 2009, 5.250%, 7/15/34 (Pre-refunded 1/15/20) | 1/20 at 100.00 | AAA (5) | 1,008,170 | ||
GCS School Building Corporation One, Elkhart County, Indiana, First Mortgage Bonds, Series 2019: | ||||||
565 | 5.000%, 1/15/26 | No Opt. Call | AA+ | 682,729 | ||
580 | 5.000%, 7/15/26 | No Opt. Call | AA+ | 708,661 | ||
590 | 5.000%, 1/15/27 | No Opt. Call | AA+ | 726,390 | ||
605 | 5.000%, 7/15/27 | No Opt. Call | AA+ | 752,572 | ||
620 | 5.000%, 1/15/28 | No Opt. Call | AA+ | 777,325 | ||
635 | 5.000%, 7/15/28 | No Opt. Call | AA+ | 803,783 | ||
655 | 5.000%, 1/15/29 | No Opt. Call | AA+ | 834,516 | ||
670 | 5.000%, 7/15/29 | No Opt. Call | AA+ | 860,300 | ||
685 | 5.000%, 1/15/30 | 7/29 at 100.00 | AA+ | 875,594 | ||
405 | 5.000%, 7/15/30 | 7/29 at 100.00 | AA+ | 516,156 | ||
720 | 5.000%, 1/15/31 | 7/29 at 100.00 | AA+ | 915,444 | ||
740 | 5.000%, 7/15/31 | 7/29 at 100.00 | AA+ | 939,423 |
16
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Indiana (continued) | ||||||
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+ | $858,914 | ||
795 | 5.000%, 7/15/36 | 1/28 at 100.00 | AA+ | 973,000 | ||
500 | 5.000%, 7/15/37 | 1/28 at 100.00 | AA+ | 609,895 | ||
1,000 | 5.000%, 7/15/38 | 1/28 at 100.00 | AA+ | 1,216,530 | ||
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- | 1,612,380 | ||
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- | 634,256 | ||
425 | 5.000%, 2/01/27 | 2/24 at 100.00 | A- | 480,467 | ||
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- | 1,376,177 | ||
1,350 | 5.000%, 2/01/35 | 8/29 at 100.00 | A- | 1,674,810 | ||
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 | 3,122,374 | ||
525 | Indiana Finance Authority, Educational Facilities Revenue Bonds, Drexel Foundation For Educational Excellence, Inc, Series 2009A, 7.000%, 10/01/39 | 12/19 at 100.00 | B | 525,777 | ||
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 | A1 | 4,470,298 | ||
850 | Indiana Finance Authority, Hospital Revenue Bonds, Parkview Health, Series 2018A, 4.000%, 11/01/48 | 11/28 at 100.00 | AA- | 925,812 | ||
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 | 3,498,964 | ||
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 | 4,473,315 | ||
Indiana Finance Authority, State Revolving Fund Program Bonds, Series 2019D: | ||||||
1,715 | 5.000%, 2/01/35 (AMT) | 2/29 at 100.00 | AAA | 2,147,592 | ||
1,800 | 5.000%, 2/01/36 (AMT) | 2/29 at 100.00 | AAA | 2,247,426 | ||
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+ | 2,386,691 | ||
1,420 | Indiana Municipal Power Agency Power Supply System Revenue Bonds, Refunding Series 2016C, 5.000%, 1/01/38 | 7/26 at 100.00 | A+ | 1,678,312 | ||
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) | 1,147,620 | ||
670 | Indiana Municipal Power Agency, Power Supply System Revenue Bonds, Series 2017A, 5.000%, 1/01/42 | 1/28 at 100.00 | A+ | 800,034 | ||
1,500 | Indianapolis Local Public Improvement Bond Bank, Indiana, Airport Authority Project Revenue Bonds, Refunding Series 2015I, 5.000%, 1/01/28 (AMT) | 1/25 at 100.00 | A1 | 1,733,655 | ||
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 | 6,094,100 |
17
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Indiana (continued) | ||||||
$1,350 | Indianapolis Local Public Improvement Bond Bank, Indiana, Revenue Bonds, Indyroads 2019A, Series 2019E, 5.000%, 1/01/32 | 1/29 at 100.00 | AAA | $1,709,721 | ||
1,625 | Ivy Tech Community College, Indiana, Student Fee Revenue Bonds, Series 2018V, 5.000%, 7/01/36 | 7/28 at 100.00 | AA | 2,007,785 | ||
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 | 421,780 | ||
855 | Munster School Building Corporation, Lake County, Indiana, First Mortgage Bonds, Series 2009, 5.000%, 1/05/20 | No Opt. Call | AA+ | 860,258 | ||
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+ | 2,817,011 | ||
2,480 | 5.000%, 7/15/36 | 7/26 at 100.00 | AA+ | 2,936,965 | ||
Plymouth Multi-School Building Corporation, Indiana, First Mortgage Bonds, Series 2018: | ||||||
1,655 | 5.000%, 1/15/34 | 7/28 at 100.00 | AA+ | 2,056,851 | ||
3,655 | 5.000%, 7/15/36 | 7/28 at 100.00 | AA+ | 4,519,042 | ||
Richmond Hospital Authority, Indiana, Revenue Bonds, Reid Hospital Project, Refunding Series 2015A: | ||||||
500 | 5.000%, 1/01/28 | 1/25 at 100.00 | A | 568,635 | ||
815 | 5.000%, 1/01/29 | 1/25 at 100.00 | A | 924,569 | ||
Whitley County Middle School Building Corporation, Columbia City, Indiana, First Mortgage Bonds, Series 2019: | ||||||
1,590 | 5.000%, 7/15/37 (WI/DD, Settling 11/21/19) | 1/30 at 100.00 | AA+ | 1,961,996 | ||
3,300 | 5.000%, 7/15/38 (WI/DD, Settling 11/21/19) | 1/30 at 100.00 | AA+ | 4,048,704 | ||
1,710 | 5.000%, 1/15/39 (WI/DD, Settling 11/21/19) | 1/30 at 100.00 | AA+ | 2,089,363 | ||
69,500 | Total Indiana | 83,817,202 | ||||
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 | 1,070,960 | ||
1,000 | 5.000%, 6/01/28 (AMT) | 6/22 at 100.00 | A2 | 1,070,700 | ||
745 | Des Moines, Iowa, Aviation System Revenue Bonds, Refunding Capital Loan Notes Series 2010B, 5.750%, 6/01/33 – AGM Insured (AMT) | 6/20 at 100.00 | AA | 760,578 | ||
1,500 | Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B, 5.600%, 6/01/34 | 12/19 at 100.00 | B- | 1,501,935 | ||
1,240 | State University of Iowa, Revenue Bonds, Academic Building Series 2014A-SUI, 3.000%, 7/01/27 | 7/24 at 100.00 | Aa1 | 1,320,811 | ||
5,485 | Total Iowa | 5,724,984 | ||||
Kansas – 1.4% | ||||||
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 | Baa3 | 1,219,405 | ||
1,500 | Kansas Department of Transportation, Highway Revenue Bonds, Series 2014A, 5.000%, 9/01/29 | 9/24 at 100.00 | AA | 1,754,550 |
18
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Kansas (continued) | ||||||
$4,000 | Kansas Department of Transportation, Highway Revenue Bonds, Series 2018A, 5.000%, 9/01/36 | 9/27 at 100.00 | AA | $4,908,520 | ||
1,240 | Kansas Development Finance Authority, Health Facilities Revenue Bonds, KU Health System, Series 2011H, 5.375%, 3/01/30 | 3/20 at 100.00 | AA- | 1,257,000 | ||
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 | 242,068 | ||
2,100 | Kansas State Turnpike Authority, Turnpike Revenue Bonds, Refunding Series 20193A, 5.000%, 9/01/37 | 9/29 at 100.00 | Aa2 | 2,683,632 | ||
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- | 2,334,300 | ||
2,690 | University of Kansas Hospital Authority, Health Facilities Revenue Bonds, University of Kansas Health System, Series 2019B, 5.000%, 3/01/33 (WI/DD, Settling 12/03/19) | 3/30 at 100.00 | AA- | 3,395,910 | ||
14,810 | Total Kansas | 17,795,385 | ||||
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 | 876,067 | ||
3,000 | Louisville/Jefferson County Metro Government, Kentucky, Health System Revenue Bonds, Norton Healthcare Inc, Series 2016A, 5.000%, 10/01/29 | 10/26 at 100.00 | A+ | 3,612,210 | ||
3,750 | Total Kentucky | 4,488,277 | ||||
Louisiana – 2.0% | ||||||
3,000 | Board of Commissioners of the Port of New Orleans Port Facility Revenue Bonds, Louisiana, Refunding Series 2018B, 5.000%, 4/01/37 – AGM Insured (AMT) | 4/28 at 100.00 | AA | 3,574,320 | ||
860 | Board of Commissioners of the Port of New Orleans Port Facility Revenue Bonds, Refunding Series 2018B, 5.000%, 4/01/38 – AGM Insured (AMT) | 4/28 at 100.00 | AA | 1,021,413 | ||
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 | 1,169,680 | ||
805 | 5.000%, 11/01/37 – AGM Insured | 11/25 at 100.00 | AA | 939,926 | ||
4,000 | 5.000%, 11/01/42 – AGM Insured | 11/25 at 100.00 | AA | 4,659,960 | ||
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, Refunding Series 2017: | ||||||
2,000 | 5.000%, 5/15/33 | 5/27 at 100.00 | A3 | 2,368,320 | ||
2,000 | 5.000%, 5/15/34 | 5/27 at 100.00 | A3 | 2,360,520 | ||
2,640 | 5.000%, 5/15/35 | 5/27 at 100.00 | A3 | 3,106,620 | ||
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) | 53,897 | ||
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 | 4,257,960 |
19
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Louisiana (continued) | ||||||
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- | $470,336 | ||
500 | 5.000%, 1/01/35 (AMT) | 1/27 at 100.00 | A- | 586,675 | ||
355 | 5.000%, 1/01/36 (AMT) | 1/27 at 100.00 | A- | 415,811 | ||
21,610 | Total Louisiana | 24,985,438 | ||||
Maryland – 2.0% | ||||||
730 | Maryland Economic Development Corporation, Student Housing Revenue Bonds, University of Maryland - Baltimore Project, Refunding Senior Lien Series 2015, 4.000%, 7/01/20 | No Opt. Call | BBB- | 738,665 | ||
Maryland Health and Higher Educational Facilities Authority, Maryland, Hospital Revenue Bonds, Meritus Medical Center, Series 2015: | ||||||
205 | 4.000%, 7/01/20 | No Opt. Call | A- | 208,465 | ||
600 | 5.000%, 7/01/21 | No Opt. Call | A- | 635,268 | ||
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 | 289,542 | ||
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 | 1,085,790 | ||
1,000 | 5.000%, 7/01/26 | 7/22 at 100.00 | BBB | 1,084,240 | ||
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 | 544,425 | ||
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+ | 1,299,444 | ||
625 | 5.000%, 7/01/40 | 7/25 at 100.00 | A+ | 712,175 | ||
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 | 2,394,413 | ||
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 | 1,228,970 | ||
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+ | 9,326,933 | ||
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 | 6,362,050 | ||
21,930 | Total Maryland | 25,910,380 | ||||
Massachusetts – 1.2% | ||||||
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 | 1,952,824 | ||
1,350 | Massachusetts Development Finance Agency, Revenue Bonds, Wellforce Issue, Series 2019A, 5.000%, 7/01/34 | 1/29 at 100.00 | BBB+ | 1,642,437 |
20
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Massachusetts (continued) | ||||||
$535 | Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Harvard University, Tender Option Bond Trust 2016-XL0017, 11.295%, 12/15/34 (Pre-refunded 12/15/19), 144A (IF) (4) | 12/19 at 100.00 | AAA (5) | $542,137 | ||
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+ | 2,228,114 | ||
3,500 | Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2017A, 5.000%, 4/01/37 | 4/27 at 100.00 | Aa1 | 4,242,420 | ||
3,885 | Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2017F, 5.000%, 11/01/44 | 11/27 at 100.00 | Aa1 | 4,684,766 | ||
13,015 | Total Massachusetts | 15,292,698 | ||||
Michigan – 1.8% | ||||||
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 | 622,302 | ||
1,220 | 5.000%, 5/01/42 | 5/28 at 100.00 | AA | 1,483,581 | ||
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 | 313,506 | ||
3,315 | Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2011MI, 5.000%, 12/01/39 | 12/21 at 100.00 | AA- | 3,541,381 | ||
4,450 | Michigan Finance Authority, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2015MI, 5.000%, 12/01/34 | 6/22 at 100.00 | AA- | 4,824,067 | ||
1,000 | Michigan Finance Authority, Senior Lien Distributable State Aid Revenue Bonds, Charter County of Wayne Criminal Justice Center Project, Series 2018, 5.000%, 11/01/43 (UB) (4) | 11/28 at 100.00 | Aa3 | 1,208,860 | ||
Oakland University, Michigan, General Revenue Bonds, Series 2019: | ||||||
930 | 5.000%, 3/01/39 | 3/29 at 100.00 | A1 | 1,143,184 | ||
1,000 | 5.000%, 3/01/40 | 3/29 at 100.00 | A1 | 1,225,270 | ||
1,025 | 5.000%, 3/01/41 | 3/29 at 100.00 | A1 | 1,252,796 | ||
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 | 2,218,079 | ||
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+ | 1,509,683 | ||
2,200 | 5.000%, 9/01/33 | 3/24 at 100.00 | A+ | 2,489,762 | ||
1,140 | Wayne State University, Michigan, General Revenue Bonds, Series 2018A, 5.000%, 11/15/35 | 11/25 at 100.00 | Aa3 | 1,325,786 | ||
20,405 | Total Michigan | 23,158,257 | ||||
Minnesota – 0.7% | ||||||
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+ | 886,737 | ||
1,000 | Minneapolis-Saint Paul Metropolitan Council, Minnesota, General Obligation Wastewater Revenue Bonds, Series 2018C, 3.000%, 3/01/32 | 3/27 at 100.00 | AAA | 1,060,490 |
21
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Minnesota (continued) | ||||||
$2,000 | Minnesota Rural Water Finance Authority, Public Projects Construction Notes, Series 2019, 2.000%, 8/01/20 | 2/20 at 100.00 | N/R | $2,003,880 | ||
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- | 1,182,177 | ||
1,895 | 5.000%, 12/01/39 | 12/29 at 100.00 | BBB- | 2,216,373 | ||
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 | 1,192,750 | ||
8,050 | Total Minnesota | 8,542,407 | ||||
Mississippi – 0.4% | ||||||
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 | 809,888 | ||
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- | 1,435,925 | ||
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 | 1,395,948 | ||
1,000 | Mississippi State, Gaming Tax Revenue Bonds, Series 2015E, 5.000%, 10/15/29 | 10/25 at 100.00 | A+ | 1,186,310 | ||
4,075 | Total Mississippi | 4,828,071 | ||||
Missouri – 1.3% | ||||||
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 | 1,601,082 | ||
1,000 | Greene County, Missouri, Certificates of Participation, Capital Projects, Series 2018, 5.000%, 9/01/36 | 9/28 at 100.00 | Aa3 | 1,229,180 | ||
2,000 | Kansas City, Missouri, Airport Revenue Bonds, Refunding General Improvement Series 2013A, 5.250%, 9/01/25 (AMT) | 9/21 at 100.00 | A1 | 2,142,800 | ||
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Southeast Missouri State University, Refunding Series 2019: | ||||||
1,175 | 5.000%, 10/01/30 | 10/29 at 100.00 | A | 1,471,852 | ||
1,230 | 5.000%, 10/01/31 | 10/29 at 100.00 | A | 1,538,066 | ||
1,285 | 5.000%, 10/01/32 | 10/29 at 100.00 | A | 1,598,450 | ||
1,500 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Saint Luke's Episcopal and Presbyterian Hospitals, Series 2015B, 3.500%, 12/01/32 | 6/25 at 100.00 | A+ | 1,589,070 | ||
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+ | 537,560 | ||
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 | 303,174 | ||
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+ | 274,865 | ||
430 | 4.000%, 12/01/37 | 12/25 at 100.00 | AA+ | 469,969 | ||
850 | 4.000%, 12/01/38 | 12/25 at 100.00 | AA+ | 926,865 |
22
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Missouri (continued) | ||||||
$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 | $1,035,759 | ||
277 | Saint Louis, Missouri, Tax Increment Financing Revenue Notes, Marquette Building Redevelopment Project, Series 2008-A, 6.500%, 1/23/28 | 12/19 at 100.00 | N/R | 166,591 | ||
1,500 | Transportation Development District, Missouri, Transportation Sales Tax Revenue Bonds, Series 2017, 4.500%, 6/01/36 | 6/26 at 100.00 | BBB | 1,626,120 | ||
14,617 | Total Missouri | 16,511,403 | ||||
Montana – 0.7% | ||||||
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 | 816,237 | ||
1,255 | 5.000%, 6/01/37 | 6/28 at 100.00 | A | 1,510,405 | ||
2,685 | Montana State University, Facilities Revenue Bonds, Series 2018E, 5.000%, 11/15/43 | 11/27 at 100.00 | Aa3 | 3,252,340 | ||
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 | 3,675,860 | ||
7,595 | Total Montana | 9,254,842 | ||||
Nebraska – 1.0% | ||||||
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- | 1,248,252 | ||
1,070 | 5.000%, 11/15/37 | 5/27 at 100.00 | AA- | 1,272,979 | ||
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 | 1,054,710 | ||
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 | 1,192,100 | ||
1,500 | 5.000%, 7/01/28 | 7/27 at 100.00 | BBB | 1,778,550 | ||
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 | 606,349 | ||
600 | Omaha Airport Authority, Nebraska, Airport Facilities Revenue Refunding Bonds, Series 2017A, 5.000%, 12/15/34 (AMT) | 12/26 at 100.00 | AA- | 716,502 | ||
1,000 | Omaha Public Power District, Nebraska, Electric System Revenue Bonds, Series 2017A, 5.000%, 2/01/42 | 12/27 at 100.00 | AA | 1,215,070 | ||
2,800 | Southeast Community College Area, Nebraska, Certificates of Participation, Series 2018, 5.000%, 12/15/47 | 6/28 at 100.00 | Aa1 | 3,381,812 | ||
10,440 | Total Nebraska | 12,466,324 | ||||
Nevada – 1.2% | ||||||
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- | 603,601 | ||
1,000 | 5.000%, 9/01/33 | 9/27 at 100.00 | A- | 1,187,670 |
23
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Nevada (continued) | ||||||
$4,000 | Clark County, Nevada Airport Revenue Bonds, Senior Series 2015A, 5.000%, 7/01/40 | 7/25 at 100.00 | Aa2 | $4,624,440 | ||
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 | AA+ | 2,366,300 | ||
1,000 | Las Vegas Valley Water District, Nevada, General Obligation Bonds, Water Series 2012B, 4.000%, 6/01/37 | 6/22 at 100.00 | AA+ | 1,048,040 | ||
Las Vegas, Nevada, Local Improvement Bonds, Special Improvement District 812 Summerlin Village 24, Series 2015: | ||||||
1,250 | 4.000%, 12/01/23 | No Opt. Call | N/R | 1,312,050 | ||
995 | 4.250%, 12/01/24 | No Opt. Call | N/R | 1,063,765 | ||
Reno, Nevada, Subordinate Lien Sales Tax Revenue Refunding Bonds, ReTrac-Reno Transportation Rail Access Corridor Project, Series 2018A: | ||||||
100 | 5.000%, 6/01/35 | 12/28 at 100.00 | A3 | 123,010 | ||
500 | 5.000%, 6/01/36 | 12/28 at 100.00 | A3 | 613,330 | ||
1,000 | 5.000%, 6/01/37 | 12/28 at 100.00 | A3 | 1,222,390 | ||
1,000 | 5.000%, 6/01/38 | 12/28 at 100.00 | A3 | 1,218,600 | ||
13,350 | Total Nevada | 15,383,196 | ||||
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 | A- | 629,932 | ||
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 | A- | 3,705,785 | ||
1,950 | 5.000%, 7/01/37 | 7/27 at 100.00 | A- | 2,285,088 | ||
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 | 193,416 | ||
5,835 | Total New Hampshire | 6,814,221 | ||||
New Jersey – 3.5% | ||||||
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 | 1,277,588 | ||
700 | Hudson County Improvement Authority, New Jersey, General Obligation Bonds, Local Unit Loan Program, County Guaranteed Pooled Notes, Series 2019A-1A, 3.000%, 3/06/20 | No Opt. Call | N/R | 704,347 | ||
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- | 509,215 | ||
485 | 5.000%, 7/15/24 | No Opt. Call | BBB- | 548,317 | ||
510 | 5.000%, 7/15/25 | No Opt. Call | BBB- | 587,342 | ||
535 | 5.000%, 7/15/26 | No Opt. Call | BBB- | 626,153 | ||
560 | 5.000%, 7/15/27 | No Opt. Call | BBB- | 664,927 | ||
1,000 | New Jersey Economic Development Authority, School Facilities Construction Bonds, Refunding Series 2015XX, 5.000%, 6/15/25 | No Opt. Call | A- | 1,156,570 |
24
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Jersey (continued) | ||||||
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 | $1,916,004 | ||
1,525 | 5.000%, 10/01/23 (AMT) | No Opt. Call | Ba1 | 1,709,769 | ||
1,800 | 5.000%, 10/01/24 (AMT) | No Opt. Call | Ba1 | 2,064,456 | ||
2,000 | New Jersey Educational Facilities Authority, Revenue Bonds, Stockton University Issue, Refunding Series 2016A, 5.000%, 7/01/25 | No Opt. Call | A- | 2,344,520 | ||
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+ | 5,909,050 | ||
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+ | 2,633,992 | ||
1,700 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2009C, 5.250%, 6/15/32 | 12/24 at 100.00 | A- | 1,932,900 | ||
250 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2011A, 5.250%, 6/15/30 | 6/21 at 100.00 | A- | 263,600 | ||
2,025 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2011B, 5.250%, 6/15/36 | 6/21 at 100.00 | A- | 2,127,343 | ||
265 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2012A, 5.000%, 6/15/42 | 6/22 at 100.00 | A- | 280,964 | ||
325 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2012AA, 5.000%, 6/15/33 | 6/22 at 100.00 | A- | 347,448 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2013AA: | ||||||
330 | 5.250%, 6/15/33 | 6/23 at 100.00 | A- | 362,089 | ||
645 | 5.000%, 6/15/36 | 6/23 at 100.00 | A- | 699,696 | ||
200 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2015AA, 5.250%, 6/15/32 | 6/25 at 100.00 | A- | 229,680 | ||
New Jersey Turnpike Authority, Revenue Bonds, Refunding Series 2017A: | ||||||
2,000 | 5.000%, 1/01/32 | 1/27 at 100.00 | A+ | 2,426,980 | ||
5,000 | 5.000%, 1/01/34 | 1/27 at 100.00 | A+ | 6,040,350 | ||
New Jersey Turnpike Authority, Revenue Bonds, Tender Option Bond Trust 2016-XF1057: | ||||||
120 | 14.027%, 1/01/43, 144A (IF) (4) | 7/22 at 100.00 | A+ | 165,516 | ||
190 | 14.027%, 1/01/43 (Pre-refunded 7/01/22), 144A (IF) (4) | 7/22 at 100.00 | N/R (5) | 262,067 | ||
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 | 2,473,443 | ||
1,300 | 5.000%, 1/01/35 (AMT) | 1/28 at 100.00 | Baa1 | 1,528,618 | ||
1,250 | 5.000%, 1/01/36 (AMT) | 1/28 at 100.00 | Baa1 | 1,465,962 | ||
1,500 | South Jersey Transportation Authority, New Jersey, Transportation System Revenue Bonds, Refunding Series 2019A, 5.000%, 11/01/32 – AGM Insured | 11/29 at 100.00 | AA | 1,897,260 | ||
39,015 | Total New Jersey | 45,156,166 |
25
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Mexico – 0.3% | ||||||
$1,000 | Albuquerque, New Mexico, General Obligation Bonds, General Purpose Series 2018A, 5.000%, 7/01/22 | No Opt. Call | AAA | $1,100,670 | ||
2,880 | New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian Healthcare Services, Series 2012A, 5.000%, 8/01/42 | 8/22 at 100.00 | AA | 3,103,229 | ||
3,880 | Total New Mexico | 4,203,899 | ||||
New York – 6.2% | ||||||
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 | 1,999,953 | ||
1,750 | 4.000%, 7/01/37 (UB) (4) | 7/27 at 100.00 | AA | 1,993,565 | ||
2,000 | Dormitory Authority of the State of New York, Revenue Bonds, Montefiore Obligated Group, Series 2018A, 5.000%, 8/01/30 | 8/28 at 100.00 | BBB | 2,464,140 | ||
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- | 358,017 | ||
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 | 821,482 | ||
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 | 1,475,561 | ||
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 | 5,458,860 | ||
320 | Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series 2005, 5.250%, 10/01/35 | No Opt. Call | A | 436,778 | ||
340 | Liberty Development Corporation, New York, Goldman Sachs Headquarters Revenue Bonds Series 2007, 5.500%, 10/01/37 | No Opt. Call | A | 485,795 | ||
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 | 1,652,865 | ||
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 | 1,170,970 | ||
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 | 2,426,680 | ||
250 | Monroe County Industrial Development Corporation, New York, FHA Insured Mortgage Revenue Bonds, Unity Hospital of Rochestor Project, Series 2010, 5.750%, 8/15/30 | 2/21 at 100.00 | Aa1 | 264,850 | ||
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+ | 1,108,622 | ||
2,500 | Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed Bonds, Refunding Series 2006A-2, 5.250%, 6/01/26 | 11/19 at 100.00 | B- | 2,499,175 | ||
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 | 1,424,031 | ||
370 | 5.000%, 7/01/32 | 7/25 at 100.00 | BBB | 421,878 | ||
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+ | 6,031,700 |
26
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
$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+ | $5,929,050 | ||
1,930 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Series 2015, 5.000%, 6/15/46 (UB) (4) | 6/25 at 100.00 | AA+ | 2,242,699 | ||
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 | 3,562,680 | ||
New York City, New York, General Obligation Bonds, Fiscal 2012 Series F: | ||||||
1,000 | 5.000%, 8/01/24 | 2/22 at 100.00 | Aa1 | 1,084,180 | ||
2,000 | 5.000%, 8/01/25 | 2/22 at 100.00 | Aa1 | 2,167,900 | ||
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 | 6,181,400 | ||
775 | New York City, New York, General Obligation Bonds, Series 2016A-1, 5.000%, 8/01/38 (UB) (4) | 8/26 at 100.00 | Aa1 | 919,282 | ||
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 | 616,237 | ||
250 | 5.000%, 6/01/31 | 6/26 at 100.00 | A- | 281,625 | ||
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 | 3,134,054 | ||
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 | 6/27 at 100.00 | AAA | 3,618,510 | ||
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 (5) | 642,120 | ||
1,000 | 5.500%, 4/15/35 (ETM) | No Opt. Call | AAA (5) | 1,433,560 | ||
New York Transportation Development Corporation, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A: | ||||||
1,065 | 4.000%, 7/01/33 (AMT) | 7/24 at 100.00 | BBB | 1,133,650 | ||
5,080 | 5.000%, 7/01/41 (AMT) | 7/24 at 100.00 | BBB | 5,645,760 | ||
Newburgh, Orange County, New York, General Obligation Bonds, Deficit Liquidation, Series 2012B: | ||||||
605 | 5.000%, 6/15/24 | 6/22 at 100.00 | Baa2 | 659,789 | ||
635 | 5.000%, 6/15/25 | 6/22 at 100.00 | Baa2 | 691,851 | ||
915 | Newburgh, Orange County, New York, General Obligation Bonds, Series 2012A, 5.000%, 6/15/25 – AGC Insured | 6/22 at 100.00 | Baa2 | 996,920 | ||
1,250 | Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Sixty-Ninth Series 2011, 5.000%, 10/15/24 (AMT) | 10/21 at 100.00 | AA- | 1,337,750 | ||
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 | AA- | 1,903,167 | ||
1,410 | Poughkeepsie City, New York, Bond Anticipation Notes, Series 2019A, 3.000%, 5/02/20 | No Opt. Call | Ba1 | 1,416,881 | ||
600 | Poughkeepsie City, New York, General Obligation Bonds, Refunding Public Improvement Series 2019, 5.000%, 6/01/31 | 6/26 at 100.00 | Ba1 | 676,332 |
27
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
$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 | $1,061,590 | ||
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- | 311,667 | ||
68,900 | Total New York | 80,143,576 | ||||
North Carolina – 2.1% | ||||||
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 | 1,187,720 | ||
1,000 | 5.000%, 7/01/47 (AMT) | 7/27 at 100.00 | Aa3 | 1,180,840 | ||
Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Series 2019B: | ||||||
890 | 5.000%, 7/01/29 (AMT) | No Opt. Call | Aa3 | 1,141,211 | ||
935 | 5.000%, 7/01/30 (AMT) | 7/29 at 100.00 | Aa3 | 1,190,021 | ||
985 | 5.000%, 7/01/31 (AMT) | 7/29 at 100.00 | Aa3 | 1,248,645 | ||
665 | Charlotte, North Carolina, Water and Sewer System Refunding Bonds, Tender Option Bond Trust 2016-XL0012, 11.296%, 7/01/38, 144A (IF) (4) | 7/20 at 100.00 | AAA | 713,718 | ||
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 | 4,790,777 | ||
North Carolina Capital Facilities Finance Agency, Revenue Bonds, Duke University Project, Series 2015A: | ||||||
125 | 5.000%, 10/01/41 (UB) (4) | 10/25 at 100.00 | AA+ | 147,303 | ||
1,020 | 5.000%, 10/01/55 (UB) (4) | 10/25 at 100.00 | AA+ | 1,186,505 | ||
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) | 385,921 | ||
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) | 1,100,220 | ||
1,500 | 5.000%, 1/01/26 (Pre-refunded 7/01/22) | 7/22 at 100.00 | N/R (5) | 1,650,330 | ||
340 | North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Duke University Health System, Tender Option Bond Trust 2015-XF0147, 17.774%, 6/01/20, 144A (IF) (4) | No Opt. Call | N/R | 376,700 | ||
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 | 837,352 | ||
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 | 4,342,520 | ||
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 | 1,194,950 |
28
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
North Carolina (continued) | ||||||
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 | $1,347,507 | ||
1,750 | 5.000%, 5/01/32 (AMT) | 5/27 at 100.00 | Aa3 | 2,118,742 | ||
1,135 | 5.000%, 5/01/33 (AMT) | 5/27 at 100.00 | Aa3 | 1,370,002 | ||
23,135 | Total North Carolina | 27,510,984 | ||||
North Dakota – 0.5% | ||||||
1,000 | Fargo, North Dakota, General Obligation Bonds, Refunding Improvement Series 2015B, 5.000%, 5/01/22 | No Opt. Call | Aa1 | 1,094,060 | ||
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- | 1,637,795 | ||
1,500 | University of North Dakota, Housing and Auxiliary Facilities Revenue Bonds, Refunding Series 2012, 5.000%, 4/01/32 | 4/22 at 100.00 | Aa3 | 1,616,775 | ||
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- | 1,732,075 | ||
5,350 | Total North Dakota | 6,080,705 | ||||
Ohio – 2.1% | ||||||
City of Elyria, Ohio, General Obligation Various Purpose Bonds, Series 2018: | ||||||
1,315 | 5.000%, 12/01/39 – BAM Insured | 6/23 at 100.00 | AA | 1,465,278 | ||
3,045 | 5.000%, 12/01/43 – BAM Insured | 6/23 at 100.00 | AA | 3,381,808 | ||
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) | 131,777 | ||
335 | 5.000%, 10/01/37 | 10/23 at 100.00 | AA+ | 373,572 | ||
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 | 1,057,833 | ||
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 | 1,188,090 | ||
2,000 | Franklin County, Ohio, Hospital Facilities Revenue Bonds, OhioHealth Corporation, Series 2015, 5.000%, 5/15/35 | 5/25 at 100.00 | AA+ | 2,308,300 | ||
Franklin County, Ohio, Sales Tax Revenue Bonds, Various Purpose Series 2018: | ||||||
2,250 | 5.000%, 6/01/36 | 6/28 at 100.00 | AAA | 2,814,143 | ||
2,250 | 5.000%, 6/01/37 | 6/28 at 100.00 | AAA | 2,802,735 | ||
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+ | 598,956 | ||
445 | Ohio Higher Educational Facility Commission, Revenue Bonds, Kenyon College, Series 2010, 5.000%, 7/01/44 | 7/20 at 100.00 | A | 456,107 | ||
Ohio Higher Educational Facility Commission, Revenue Bonds, Kenyon College, Series 2017: | ||||||
500 | 5.000%, 7/01/34 | 7/27 at 100.00 | A | 601,830 | ||
495 | 5.000%, 7/01/42 | 7/27 at 100.00 | A | 584,872 |
29
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Ohio (continued) | ||||||
$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 | $3,036,325 | ||
3,045 | Ohio State, General Obligation Bonds, Infrastructure Improvement Series 2014C, 3.000%, 3/01/28 | 3/23 at 100.00 | AA+ | 3,188,480 | ||
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 | 2,532,028 | ||
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- | 384,761 | ||
23,130 | Total Ohio | 26,906,895 | ||||
Oklahoma – 0.9% | ||||||
315 | Cleveland County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Moore Public Schools Project, Series 2016, 5.000%, 6/01/23 | No Opt. Call | A+ | 354,854 | ||
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- | 2,387,820 | ||
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- | 599,445 | ||
Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B: | ||||||
775 | 5.000%, 8/15/28 | No Opt. Call | Baa3 | 956,893 | ||
850 | 5.000%, 8/15/29 | 8/28 at 100.00 | Baa3 | 1,040,485 | ||
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- | 1,615,559 | ||
3,850 | University of Oklahoma, General Revenue Bonds, Refunding Series 2016A, 5.000%, 7/01/28 | 7/26 at 100.00 | AA- | 4,706,971 | ||
9,660 | Total Oklahoma | 11,662,027 | ||||
Oregon – 0.5% | ||||||
950 | Clatsop County, Oregon, General Obligation Bonds, Series 2019, 5.000%, 6/15/38 | 6/29 at 100.00 | Aa2 | 1,201,294 | ||
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 | 797,625 | ||
2,710 | Multnomah County, Oregon, General Obligation Bonds, Full Faith & Credit Series 2017, 5.000%, 6/01/29 | 6/27 at 100.00 | AAA | 3,398,584 | ||
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) | 908,358 | ||
365 | Oregon Special Districts Association, Certificates of Participation, Flexlease Program, Series 2013A, 4.000%, 1/01/24 | 1/20 at 100.00 | N/R | 366,171 | ||
5,635 | Total Oregon | 6,672,032 | ||||
Pennsylvania – 4.4% | ||||||
650 | Allegheny County Higher Education Building Authority, Pennsylvania, Revenue Bonds, Robert Morris University, Series 2016, 5.000%, 10/15/22 | No Opt. Call | Baa3 | 702,403 | ||
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 | 116,606 |
30
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
$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) | $1,074,210 | ||
2,285 | Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master Settlement, Series 2018, 5.000%, 6/01/29 | 6/28 at 100.00 | A1 | 2,837,650 | ||
700 | Delaware County Authority, Pennsylvania, Revenue Bonds, Villanova University, Series 2015, 5.000%, 8/01/31 | 8/25 at 100.00 | AA- | 827,113 | ||
Delaware County Authority, Revenue Bonds, Elwyn, Inc Project, Series 2017: | ||||||
1,750 | 5.000%, 6/01/32 | 6/25 at 102.00 | BBB | 1,946,035 | ||
1,760 | 5.000%, 6/01/37 | 6/25 at 102.00 | BBB | 1,960,200 | ||
1,130 | Delaware Valley Regional Finance Authority, Pennsylvania, Local Government Revenue Bonds, Series 1998A, 5.500%, 8/01/28 – AMBAC Insured | No Opt. Call | A1 | 1,437,258 | ||
1,140 | Lancaster County Hospital Authority, Pennsylvania, Health System Revenue Bonds, Lancaster General Hospital Project, Tender Option Bond Trust 2015-XF0065, 14.223%, 7/01/42 (Pre-refunded 1/01/22), 144A (IF) | 1/22 at 100.00 | N/R (5) | 1,506,213 | ||
1,955 | Lower Merion School District, Montgomery County, Pennsylvania, General Obligation Bonds, Refunding Series 2015B, 3.000%, 9/01/27 | 9/23 at 100.00 | Aaa | 2,065,536 | ||
Luzerne County, Pennsylvania, General Obligation Bonds, Refunding Series 2017A: | ||||||
1,000 | 5.000%, 12/15/26 | No Opt. Call | AA | 1,198,490 | ||
500 | 5.000%, 12/15/27 | No Opt. Call | AA | 606,825 | ||
Luzerne County, Pennsylvania, General Obligation Bonds, Refunding Series 2017B: | ||||||
500 | 5.000%, 12/15/26 | No Opt. Call | AA | 599,245 | ||
500 | 5.000%, 12/15/27 | No Opt. Call | AA | 606,825 | ||
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 | 1,332,825 | ||
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 | 4,358,880 | ||
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 | 1,053,540 | ||
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 | 2,579,296 | ||
5,000 | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of Pennsylvania, Series 2018A, 5.000%, 2/15/48 (UB) (4) | 2/28 at 100.00 | AA+ | 6,085,400 | ||
1,500 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2019-128A, 2.150%, 4/01/20 (AMT) | No Opt. Call | AA+ | 1,503,450 | ||
4,000 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Series 2019 Forward Delivery, 5.000%, 12/01/25 | No Opt. Call | A1 | 4,822,640 | ||
500 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2015A-1, 5.000%, 12/01/45 | 6/25 at 100.00 | A+ | 571,415 | ||
865 | Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Philadelphia Performing Arts Charter School, Series 2013, 6.000%, 6/15/23, 144A | 6/20 at 100.00 | BB | 880,475 | ||
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 | 2,163,189 |
31
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
$430 | Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Refunding Thirteenth Series 2015, 5.000%, 8/01/27 | 8/25 at 100.00 | A | $508,355 | ||
1,500 | Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2015A, 5.000%, 6/15/26 (AMT) | 6/25 at 100.00 | A | 1,766,640 | ||
3,000 | Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2017B, 5.000%, 7/01/35 (AMT) | 7/27 at 100.00 | A | 3,581,160 | ||
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 | 761,844 | ||
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 | 5,873,144 | ||
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 | 842,087 | ||
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 | 685,633 | ||
48,405 | Total Pennsylvania | 56,854,582 | ||||
Rhode Island – 0.5% | ||||||
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 | 1,748,955 | ||
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+ | 1,767,510 | ||
2,200 | 5.000%, 5/15/31 | 5/26 at 100.00 | BBB+ | 2,579,874 | ||
5,200 | Total Rhode Island | 6,096,339 | ||||
South Carolina – 1.5% | ||||||
1,000 | Charleston County Airport District, South Carolina, Airport Revenue Bonds, Series 2013A, 5.250%, 7/01/21 (AMT) | No Opt. Call | A+ | 1,063,720 | ||
Charleston County Airport District, South Carolina, Airport Revenue Bonds, Series 2019: | ||||||
1,000 | 5.000%, 7/01/36 | 7/29 at 100.00 | A+ | 1,261,230 | ||
800 | 5.000%, 7/01/37 | 7/29 at 100.00 | A+ | 1,005,152 | ||
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- | 3,550,077 | ||
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 | 170,674 | ||
180 | 7.000%, 11/01/33 | 11/24 at 100.00 | N/R | 200,684 | ||
785 | South Carolina State Ports Authority, Revenue Bonds, Series 2015, 5.000%, 7/01/33 (AMT) | 7/25 at 100.00 | A+ | 909,737 | ||
South Carolina State Ports Authority, Revenue Bonds, Series 2018: | ||||||
2,840 | 5.000%, 7/01/34 (AMT) | 7/28 at 100.00 | A+ | 3,449,691 | ||
450 | 5.000%, 7/01/48 (AMT) | 7/28 at 100.00 | A+ | 531,612 | ||
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) | 2,707,456 |
32
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
South Carolina (continued) | ||||||
Spartanburg County School District 7, South Carolina, General Obligation Bonds, Series 2018B: | ||||||
$825 | 5.000%, 3/01/30 | 3/29 at 100.00 | Aa1 | $1,063,664 | ||
1,340 | 5.000%, 3/01/37 | 3/29 at 100.00 | Aa1 | 1,680,347 | ||
1,495 | 5.000%, 3/01/38 | 3/29 at 100.00 | Aa1 | 1,867,988 | ||
16,410 | Total South Carolina | 19,462,032 | ||||
South Dakota – 0.4% | ||||||
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- | 1,196,840 | ||
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 | 3,266,875 | ||
3,765 | Total South Dakota | 4,463,715 | ||||
Tennessee – 0.7% | ||||||
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 | 1,033,820 | ||
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 | 2,185,784 | ||
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 | 1,676,122 | ||
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Knowledge Academy Charter School, Series 2017A: | ||||||
105 | 0.000%, 6/15/27 (7) | No Opt. Call | N/R | 63,000 | ||
300 | 0.000%, 6/15/37 (7) | 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 | 976,371 | ||
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 | 1,674,645 | ||
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+ | 1,562,530 | ||
8,305 | Total Tennessee | 9,352,272 | ||||
Texas – 10.9% | ||||||
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 | 1,889,493 | ||
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 | 675,814 | ||
1,535 | Arlington Higher Education Finance Corporation, Texas, Education Revenue Bonds, Uplift Education, Series 2016A, 2.750%, 12/01/26 | No Opt. Call | BBB- | 1,557,211 | ||
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 | 577,519 |
33
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
Austin Convention Enterprises Inc, Texas, Convention Center Hotel Revenue Bonds, Refunding First Tier Series 2017A: | ||||||
$500 | 5.000%, 1/01/32, 144A | 1/27 at 100.00 | BBB+ | $584,775 | ||
500 | 5.000%, 1/01/33, 144A | 1/27 at 100.00 | BBB+ | 582,895 | ||
890 | Austin, Texas, Airport System Revenue Bonds, Series 2017A, 5.000%, 11/15/35 | 11/26 at 100.00 | A1 | 1,066,371 | ||
Austin, Texas, Airport System Revenue Bonds, Series 2019B: | ||||||
665 | 5.000%, 11/15/32 (AMT) | 11/29 at 100.00 | A1 | 836,836 | ||
2,000 | 5.000%, 11/15/33 (AMT) | 11/29 at 100.00 | A1 | 2,510,760 | ||
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 | 3,729,408 | ||
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- | 1,198,740 | ||
2,000 | Bexar County Hospital District, Texas, Certificates of Obligation, Refunding Limited Tax Series 2016, 5.000%, 2/15/29 | 2/26 at 100.00 | Aa1 | 2,411,980 | ||
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- | 1,994,688 | ||
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+ | 1,429,930 | ||
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A: | ||||||
360 | 5.000%, 1/01/35 | 7/25 at 100.00 | A- | 413,676 | ||
1,695 | 5.000%, 1/01/40 | 7/25 at 100.00 | A- | 1,930,080 | ||
410 | 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) | 424,235 | ||
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- | 141,379 | ||
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+ | 6,275,511 | ||
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+ | 6,411,577 | ||
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 | A+ (5) | 2,072,680 | ||
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 | 1,019,083 | ||
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+ | 6,034,600 | ||
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- | 1,067,843 | ||
1,230 | 4.500%, 9/01/32 | 9/27 at 100.00 | BBB- | 1,375,337 | ||
10,000 | Harris County Flood Control District, Texas, Contract Tax Bonds, Refunding Series 2017A, 4.000%, 10/01/37 | 10/27 at 100.00 | AAA | 11,352,800 | ||
605 | Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Second Lien Series 2014C, 5.000%, 11/15/26 | 11/24 at 100.00 | A3 | 695,248 |
34
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
$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+ | $1,774,809 | ||
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 | 3,230,246 | ||
2,000 | 5.000%, 7/01/35 (AMT) | 7/28 at 100.00 | A1 | 2,431,600 | ||
1,750 | 5.000%, 7/01/36 (AMT) | 7/28 at 100.00 | A1 | 2,121,980 | ||
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 | 2,041,040 | ||
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) | 3,215,501 | ||
490 | Irving, Texas, Hotel Occupancy Tax Revenue Bonds, Series 2014B, 4.000%, 8/15/25 | 12/19 at 100.00 | BBB+ | 490,578 | ||
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 | 1,598,716 | ||
1,000 | Love Field Airport Modernization Corporation, Texas, General Airport Revenue Bonds Series 2015, 5.000%, 11/01/32 (AMT) | 11/25 at 100.00 | A1 | 1,164,640 | ||
Midtown Redevelopment Authority, Texas, Tax Increment Contract Revenue, Refunding Series 2015: | ||||||
500 | 5.000%, 1/01/24 | No Opt. Call | A | 565,035 | ||
300 | 5.000%, 1/01/25 | 1/24 at 100.00 | A | 340,185 | ||
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- | 1,821,514 | ||
1,060 | 5.000%, 9/15/31 | 9/25 at 100.00 | BBB- | 1,209,608 | ||
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 | 682,882 | ||
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 | B3 | 1,405,035 | ||
750 | 5.000%, 7/01/30 | 7/25 at 100.00 | B3 | 699,038 | ||
2,000 | 5.000%, 7/01/35 | 7/25 at 100.00 | B3 | 1,859,900 | ||
1,000 | 5.000%, 7/01/47 | 7/25 at 100.00 | B3 | 926,880 | ||
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 | 3,372,762 | ||
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- | 3,355,359 | ||
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) | 1,097,610 | ||
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+ | 3,716,100 |
35
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
$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 | $1,859,175 | ||
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 | 1,241,373 | ||
1,105 | 5.000%, 6/01/35 (AMT) | 6/28 at 100.00 | A | 1,303,911 | ||
1,500 | San Antonio, Texas, Airport System Revenue Bonds, Improvement Series 2015, 5.000%, 7/01/45 (AMT) | 7/25 at 100.00 | A+ | 1,707,615 | ||
4,140 | San Antonio, Texas, Water System Revenue Bonds, Refunding Series 2012A, 5.000%, 5/15/29 | 5/22 at 100.00 | AA+ | 4,516,781 | ||
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 | 1,682,568 | ||
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- | 1,077,274 | ||
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 | 392,992 | ||
455 | 6.750%, 6/30/43 (AMT) | 9/23 at 100.00 | Baa3 | 527,809 | ||
225 | Texas Public Finance Authority Charter School Finance Corporation, Charter School Revenue Bonds, School of Excellence Education Project, Series 2004A, 7.000%, 12/01/34 | 12/19 at 100.00 | BB- | 225,540 | ||
1,200 | Texas State, General Obligation Bonds, College Student Loan Series 2014, 6.000%, 8/01/25 (AMT) | 8/24 at 100.00 | AAA | 1,461,744 | ||
Texas State, General Obligation Bonds, Refunding College Student Loan Series 2019: | ||||||
4,230 | 5.000%, 8/01/32 (AMT) | No Opt. Call | AAA | 5,637,913 | ||
4,445 | 5.000%, 8/01/33 (AMT) | No Opt. Call | AAA | 5,985,192 | ||
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 | 2,348,640 | ||
1,330 | Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, First Tier Refunding Series 2012A, 5.000%, 8/15/41 | 8/22 at 100.00 | A | 1,431,413 | ||
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Second Tier Refunding Series 2015C: | ||||||
500 | 5.000%, 8/15/24 | No Opt. Call | BBB+ | 579,410 | ||
1,140 | 5.000%, 8/15/29 | 8/24 at 100.00 | BBB+ | 1,304,035 | ||
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) | 1,063,550 | ||
2,000 | University of Houston, Texas, Consolidated Revenue Bonds, Refunding Series 2017C, 5.000%, 2/15/29 | 2/26 at 100.00 | AA | 2,410,640 | ||
1,000 | Uptown Development Authority, Houston, Texas, Tax Increment Contract Revenue Bonds, Infrastructure Improvement Facilities, Series 2009, 4.700%, 9/01/20 | 12/19 at 100.00 | BBB | 1,002,370 | ||
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 | 1,861,202 |
36
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
$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 | $988,280 | ||
121,015 | Total Texas | 139,990,914 | ||||
Utah – 1.1% | ||||||
1,255 | Lehi, Utah, Sales Tax Revenue Bonds, Series 2018, 5.250%, 6/01/38 | 6/28 at 100.00 | AA+ | 1,562,023 | ||
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+ | 2,243,662 | ||
2,280 | 5.000%, 7/01/35 (AMT) | 7/27 at 100.00 | A+ | 2,721,682 | ||
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+ | 2,470,140 | ||
100 | Utah Charter School Finance Authority, Charter School Revenue Bonds, North Davis Preparatory Academy, Series 2010, 5.750%, 7/15/20 | No Opt. Call | BBB- | 101,669 | ||
1,550 | Utah Charter School Finance Authority, Charter School Revenue Bonds, Paradigm High School, Series 2010A, 6.250%, 7/15/30 | 7/20 at 100.00 | BB | 1,579,001 | ||
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 | 607,110 | ||
500 | 5.000%, 10/15/31 | 10/27 at 100.00 | AA | 603,275 | ||
400 | Utah County, Utah, Hospital Revenue Bonds, IHC Health Services Inc, Series 2016B, 4.000%, 5/15/47 | 5/24 at 100.00 | AA+ | 424,844 | ||
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) | 539,260 | ||
520 | 5.400%, 10/15/36 – AGM Insured (Pre-refunded 10/15/21) | 10/21 at 100.00 | A2 (5) | 562,328 | ||
11,480 | Total Utah | 13,414,994 | ||||
Vermont – 0.3% | ||||||
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+ | 1,490,040 | ||
1,500 | 5.000%, 12/01/38 | 6/26 at 100.00 | A+ | 1,756,635 | ||
2,770 | Total Vermont | 3,246,675 | ||||
Virginia – 1.1% | ||||||
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 | 1,260,704 | ||
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+ | 2,208,060 | ||
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 | 1,592,626 | ||
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+ | 3,221,370 |
37
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Virginia (continued) | ||||||
$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 | $573,254 | ||
815 | Virginia College Building Authority, Educational Facilities Revenue Bonds, Washington and Lee University, Series 2001, 5.750%, 1/01/34 | No Opt. Call | AA | 1,163,461 | ||
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 | 2,018,783 | ||
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River Crossing, Opco LLC Project, Series 2012: | ||||||
40 | 4.750%, 1/01/25 (AMT) | 7/22 at 100.00 | BBB | 43,238 | ||
1,400 | 5.000%, 1/01/27 (AMT) | 7/22 at 100.00 | BBB | 1,519,560 | ||
11,945 | Total Virginia | 13,601,056 | ||||
Washington – 3.0% | ||||||
Camas, Washington, Water and Sewer Revenue Bonds, Series 2019: | ||||||
720 | 5.000%, 12/01/44 | 12/28 at 100.00 | Aa3 | 871,128 | ||
1,255 | 5.000%, 12/01/47 | 12/28 at 100.00 | Aa3 | 1,515,864 | ||
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 | 3,637,590 | ||
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+ | 1,813,220 | ||
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+ | 2,664,800 | ||
1,915 | Energy Northwest, Washington, Electric Revenue Bonds, Columbia Generating Station, Refunding Series 2019A, 5.000%, 7/01/36 | 7/29 at 100.00 | Aa1 | 2,430,652 | ||
1,355 | Lakewood Water District, Pierce County, Washington, Water Revenue Bonds, 2019A, 5.000%, 12/01/44 (AMT) | 12/28 at 100.00 | AA- | 1,618,683 | ||
1,975 | Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2015A, 5.000%, 4/01/40 | 10/24 at 100.00 | AA- | 2,243,304 | ||
2,000 | Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2015C, 5.000%, 4/01/29 (AMT) | 10/24 at 100.00 | AA- | 2,303,980 | ||
5,000 | Port of Seattle, Washington, Revenue Bonds, Refunding Intermediate Lien Series 2012A, 5.000%, 8/01/29 | 8/22 at 100.00 | AA- | 5,480,100 | ||
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) | 1,043,670 | ||
1,000 | Washington Health Care Facilities Authority, Revenue Bonds, Seattle Children's Hospital, Series 2015B, 5.000%, 10/01/38 (UB) | 4/25 at 100.00 | Aa2 | 1,146,080 | ||
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 | 2,380,180 | ||
2,745 | Washington Health Care Facilities Authority, Revenue Bonds, Virginia Mason Medical Center, Series 2017, 5.000%, 8/15/35 | 8/27 at 100.00 | BBB | 3,175,224 | ||
5,000 | Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Series 2018, 5.000%, 7/01/36 | 7/28 at 100.00 | A1 | 6,128,850 | ||
33,165 | Total Washington | 38,453,325 |
38
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
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 | $1,244,070 | ||
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 | 274,670 | ||
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 | 1,440,863 | ||
2,650 | Total West Virginia | 2,959,603 | ||||
Wisconsin – 1.6% | ||||||
150 | Public Finance Authority of Wisconsin, Charter School Revenue Bonds, Voyager Foundation Inc of North Carolina, Series 2012A, 5.500%, 10/01/22 | No Opt. Call | Baa3 | 158,969 | ||
905 | Public Finance Authority of Wisconsin, Senior Airport Facilities Revenue and Refunding Bonds, TrIPS Obligated Group, Series 2012B, 5.000%, 7/01/22 (AMT) | No Opt. Call | BBB+ | 949,770 | ||
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- | 1,981,219 | ||
485 | University of Wisconsin Hospitals and Clinics Authority, Revenue Bonds, Tender Option Bond Trust 2015-XF0127, 13.867%, 4/01/38, 144A (IF) (4) | 4/23 at 100.00 | AA- | 674,029 | ||
440 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Childrens Hospital of Wisconsin Inc, Tender Option Bond Trust 2016-XL0008, 15.952%, 8/15/37 (Pre-refunded 2/15/20), 144A (IF) (4) | 2/20 at 100.00 | N/R (5) | 460,460 | ||
685 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Gundersen Lutheran, Series 2012, 5.000%, 11/15/44 | 11/22 at 100.00 | AA- | 736,067 | ||
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- | 2,789,382 | ||
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+ | 378,265 | ||
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- | 2,185,791 | ||
700 | 5.000%, 9/01/29 | 9/27 at 100.00 | BBB- | 826,133 | ||
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 | 5,973,400 | ||
1,000 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Mile Bluff Medical Center, Inc, Series 2014, 5.125%, 5/01/29 | 5/24 at 100.00 | N/R | 1,081,670 | ||
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) | 1,803,893 | ||
17,230 | Total Wisconsin | 19,999,048 | ||||
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) | 1,064,440 | ||
2,000 | West Park Hospital District, Wyoming, Hospital Revenue Bonds, Series 2011A, 6.375%, 6/01/26 | 6/21 at 100.00 | BBB | 2,122,540 |
39
Municipal Total Return Managed Accounts Portfolio
(continued)
Portfolio of Investments October 31, 2019
(Unaudited)
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wyoming (continued) | ||||||
$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 | $1,183,800 | ||
4,000 | Total Wyoming | 4,370,780 | ||||
$1,168,556 | Total Long-Term Investments (cost $1,282,696,822) | 1,353,455,302 | ||||
Floating Rate Obligations – (7.0)% | (90,415,000) | |||||
Other Assets Less Liabilities – 1.6% | 21,458,535 | |||||
Net Assets – 100% | $1,284,498,837 |
Part F of Form N-PORT was prepared
in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”)
related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial
statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the
Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities
are recorded at their estimated fair value. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the
principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of
fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from
sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable
inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1
– Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
The inputs or methodologies used for
valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments: | ||||
Municipal Bonds | $ — | $1,353,455,302 | $ — | $1,353,455,302 |
40
(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. | |
(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. | |
(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) | 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. | |
(7) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
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. |
41