1
Municipal
Total
Return
Managed
Accounts
Portfolio
Portfolio
of
Investments
April
30,
2023
(Unaudited)
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
LONG-TERM
INVESTMENTS
-
96.5%
X
1,418,792,970
MUNICIPAL
BONDS
-
96.5%
X
1,418,792,970
Alabama
-
1.2%
$
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-
$
1,302,207
2,960
Huntsville,
Alabama,
General
Obligation
Warrants,
Series
2023B,
5.000%,
3/01/40
3/33
at
100.00
AAA
3,406,220
3,970
Jefferson
County,
Alabama,
Sewer
Revenue
Warrants,
Subordinate
Lien
Series
2013D,
6.500%,
10/01/53
10/23
at
105.00
BBB
4,204,786
1,920
Mobile
County
Board
of
School
Commissioners,
Alabama,
Special
Tax
Warrants,
School
Series
2022B,
5.000%,
3/01/41
-
BAM
Insured
3/32
at
100.00
AA
2,102,247
1,205
The
Public
Educational
Building
Authority
of
Jacksonville,
Alabama,
Jacksonville
State
University
Foundation,
Higher
Educational
Facilities
Revenue
Bonds,
Jackson
State
University
Project
Series
2023A,
5.000%,
8/01/54
-
AGM
Insured
2/33
at
100.00
AA
1,262,659
Tuscaloosa
County
Board
of
Education,
Alabama,
Special
Tax
School
Warrants,
Series
2017:
960
5.000%,
2/01/36,
(Pre-refunded
2/01/27)
2/27
at
100.00
AA- (5)
1,045,037
795
5.000%,
2/01/37,
(Pre-refunded
2/01/27)
2/27
at
100.00
AA- (5)
865,421
1,050
5.000%,
2/01/43,
(Pre-refunded
2/01/27)
2/27
at
100.00
AA- (5)
1,143,009
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
2,451,695
Total
Alabama
17,783,281
Alaska
-
0.5%
1,100
Alaska
Housing
Finance
Corporation,
General
Obligation
Bonds,
State
Capital
Project
II,
Series
2015C,
5.000%,
6/01/31,
(Pre-refunded
12/01/25)
12/25
at
100.00
AA+ (5)
1,157,981
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
1,437,310
1,500
Alaska
Municipal
Bond
Bank,
General
Obligation
Bonds,
Three
Series
2015,
5.250%,
10/01/31
4/25
at
100.00
A+
1,554,465
2,310
Anchorage,
Alaska,
Solid
Waste
Services
Revenue
Bonds,
Refunding
Series
2022A,
5.500%,
11/01/41
11/32
at
100.00
AA
2,668,858
Total
Alaska
6,818,614
Arizona
-
1.1%
2,200
Arizona
Industrial
Development
Authority
Education
Revenue
Bonds,
Pinecrest
Academy
of
Northern
Nevada
Project,
Series
2022A,
4.500%,
7/15/29,
144A
7/25
at
100.00
N/R
2,142,932
100
Arizona
Industrial
Development
Authority,
Arizona,
Education
Facility
Revenue
Bonds,
Basis
Schools,
Inc.
Projects,
Series
2017D,
5.000%,
7/01/37,
144A
7/27
at
100.00
BB
98,893
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
902,330
80
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+
77,075
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
2
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Arizona
(continued)
$
865
Arizona
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Pinecrest
Academy
of
Nevada
?
Horizon,
Inspirada
and
St.
Rose
Campus
Projects,
Series
2018A,
5.000%,
7/15/28,
144A
7/26
at
100.00
BB+
$
872,361
Arizona
Industrial
Development
Authority,
Education
Facility
Revenue
Bonds,
Leman
Academy
of
Excellence
Projects,
Series
2022A:
500
4.000%,
7/01/28
No
Opt.
Call
Baa3
502,615
500
4.000%,
7/01/29
No
Opt.
Call
Baa3
502,810
1,405
4.000%,
7/01/30
7/29
at
100.00
Baa3
1,409,215
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,
(Pre-refunded
7/01/23),
144A
7/23
at
100.00
Ba2 (5)
1,004,180
350
Maricopa
County
Industrial
Development
Authority,
Arizona,
Education
Revenue
Bonds,
Arizona
Autism
Charter
Schools
Project,
Social
Series
2021A,
4.000%,
7/01/51,
144A
7/29
at
100.00
BB
264,639
Phoenix
Civic
Improvement
Corporation,
Arizona,
Airport
Revenue
Bonds,
Junior
Lien
Series
2015A:
3,450
5.000%,
7/01/35
7/25
at
100.00
Aa3
3,570,508
1,000
5.000%,
7/01/45
7/25
at
100.00
Aa3
1,020,310
1,225
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
1,225,478
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
420,451
Yavapai
County
Industrial
Development
Authority, Arizona,
Education
Revenue
Bonds,
Arizona
Agribusiness
and
Equine
Center
Inc
Project,
Refunding
Series
2015A:
90
3.900%,
9/01/24,
144A
No
Opt.
Call
BB+
88,543
1,500
5.000%,
9/01/34,
144A
3/25
at
100.00
BB+
1,464,405
Total
Arizona
15,566,745
Arkansas
-
0.4%
2,015
Arkansas
Tech
University,
Revenue
Bonds,
Refunding
Student
Fee
Series
2022A,
5.000%,
12/01/42
-
BAM
Insured
12/30
at
100.00
AA
2,146,700
635
Boone
County,
Arkansas,
Hospital
Revenue
Bonds,
North
Arkansas
Regional
Medical
Center,
Refunding
Series
2022,
4.000%,
5/01/23
No
Opt.
Call
N/R
635,000
2,500
University
of
Arkansas,
Various
Facilities
Revenue
Bonds,
UAMS
Campus,
Series
2022A,
5.000%,
4/01/39
4/32
at
100.00
Aa2
2,831,925
Total
Arkansas
5,613,625
California
-
6.3%
6,000
California
Community
Choice
Financing
Authority,
Clean
Energy
Project
Revenue
Bonds,
Green
Series
2021B-1,
4.000%,
2/01/52,
(Mandatory
Put
8/01/31)
5/31
at
100.63
A1
6,055,560
100
California
Educational
Facilities
Authority,
Revenue
Bonds,
Loma
Linda
University
Series
2017A,
5.000%,
4/01/35
4/27
at
100.00
A
106,243
655
California
Educational
Facilities
Authority,
Revenue
Bonds,
Stanford
University,
Series
2013-U3,
5.000%,
6/01/43
No
Opt.
Call
AAA
785,306
1,185
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
1,185,367
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+
215,877
3
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
California
(continued)
California
Health
Facilities
Financing
Authority,
Revenue
Bonds,
Providence
Saint
Joseph
Health
System,
Series
2009C:
$
5,795
5.000%,
7/01/32
No
Opt.
Call
A
$
6,717,100
3,540
5.000%,
7/01/33
1/33
at
100.00
A
4,007,811
5,960
California
Infrastructure
and
Economic
Development
Bank,
Revenue
Bonds,
Brightline
West
Passenger
Rail
Project,
Series
2020A,
3.650%,
1/01/50,
(AMT),
(Mandatory
Put
1/31/24)
5/23
at
100.00
N/R
5,947,246
60
California
Municipal
Finance
Authority
Charter
School
Revenue
Bonds,
Albert
Einstein
Academies
Project,
Series
2013A,
6.000%,
8/01/23,
(ETM)
No
Opt.
Call
BB (5)
60,371
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
100,472
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
1,147,751
California
Municipal
Finance
Authority,
Charter
School
Revenue
Bonds,
Partnerships
to
Uplift
Communities
Project,
Series
2012A:
1,340
5.000%,
8/01/32
5/23
at
100.00
BB+
1,280,598
850
5.250%,
8/01/42
5/23
at
100.00
BB+
790,542
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
A-
749,318
685
California
Municipal
Finance
Authority,
Mobile
Home
Park
Revenue
Bonds,
Caritas
Projects
Series
2017A,
5.000%,
8/15/30
8/27
at
100.00
A-
727,093
California
Municipal
Finance
Authority,
Revenue
Bonds,
Eisenhower
Medical
Center,
Refunding
Series
2017A:
3,015
5.000%,
7/01/33
7/27
at
100.00
Baa2
3,191,709
1,750
4.000%,
7/01/42
7/27
at
100.00
Baa2
1,614,673
6,000
California
Municipal
Finance
Authority,
Revenue
Bonds,
Linxs
APM
Project,
Senior
Lien
Series
2018A,
5.000%,
12/31/38,
(AMT)
6/28
at
100.00
BBB-
6,199,680
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+
903,768
355
California
Public
Finance
Authority,
Revenue
Bonds,
Henry
Mayo
Newhall
Hospital,
Series
2021A,
4.000%,
10/15/24
No
Opt.
Call
BBB-
355,919
650
California
School
Finance
Authority
School
Facility
Revenue
Bonds,
KIPP
LA
Projects,
Series
2015A,
3.625%,
7/01/25,
144A
No
Opt.
Call
BBB
646,341
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
1,014,260
California
School
Finance
Authority,
California,
Charter
School
Revenue
Bonds,
Aspire
Public
Schools,
Refunding
Series
2016:
25
5.000%,
8/01/24,
(ETM),
144A
No
Opt.
Call
N/R (5)
25,586
305
5.000%,
8/01/24,
144A
No
Opt.
Call
BBB
308,855
35
5.000%,
8/01/25,
(ETM),
144A
No
Opt.
Call
N/R (5)
36,684
325
5.000%,
8/01/25,
144A
No
Opt.
Call
BBB
330,818
725
5.000%,
8/01/26,
144A
8/25
at
100.00
BBB
739,739
65
5.000%,
8/01/26,
(Pre-refunded
8/01/25),
144A
8/25
at
100.00
N/R (5)
68,128
225
5.000%,
8/01/27,
144A
8/25
at
100.00
BBB
229,894
25
5.000%,
8/01/27,
(Pre-refunded
8/01/25),
144A
8/25
at
100.00
N/R (5)
26,203
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
BBB-
1,531,050
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
4
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
California
(continued)
$
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
$
700,924
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
311,575
325
5.000%,
6/01/37,
144A
6/27
at
100.00
N/R
312,897
100
California
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Santa
Clarita
Valley
International
School
Project,
Series
2021A,
4.000%,
6/01/41
6/31
at
100.00
N/R
83,657
1,075
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
KIPP
LA
Projects,
Series
2014A,
5.000%,
7/01/34,
144A
7/24
at
100.00
BBB
1,092,082
300
California
School
Finance
Authority,
School
Facility
Revenue
Bonds,
KIPP
LA
Projects,
Series
2017A,
5.000%,
7/01/25,
144A
No
Opt.
Call
BBB
306,786
1,195
California
State,
General
Obligation
Bonds,
Various
Purpose
Series
2023,
5.250%,
10/01/45
4/33
at
100.00
Aa2
1,387,562
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-
866,077
830
5.000%,
10/01/32
10/26
at
100.00
A-
870,935
California
Statewide
Communities
Development
Authority,
California,
Revenue
Bonds,
Loma
Linda
University
Medical
Center,
Series
2016A:
3,900
5.000%,
12/01/36,
144A
6/26
at
100.00
BB+
3,948,672
280
5.000%,
12/01/46,
144A
6/26
at
100.00
BB+
268,136
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+
168,952
1,000
California
Statewide
Communities
Development
Authority,
Student
Housing
Revenue
Bonds,
University
of
California,
Irvine
East
Campus
Apartments,
Phase
IV-A
CHF-Irvine,
LLC,
Series
2017,
5.000%,
5/15/36
5/27
at
100.00
Baa1
1,026,030
750
California
Statewide
Community
Development
Authority,
Health
Revenue
Bonds,
Enloe
Medical
Center,
Refunding
Series
2022A,
5.125%,
8/15/47
-
AGM
Insured
8/32
at
100.00
AA
803,790
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
4,475,840
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
750,188
50
Long
Beach
Bond
Finance
Authority,
California,
Natural
Gas
Purchase
Revenue
Bonds,
Series
2007A,
5.000%,
11/15/35
No
Opt.
Call
AA-
53,575
1,145
Long
Beach,
California,
Airport
Revenue
Bonds,
Senior
Refunding
Series
2022C,
5.250%,
6/01/47
-
AGM
Insured,
(AMT)
6/32
at
100.00
AA
1,231,883
Long
Beach,
California,
Marina
Revenue
Bonds,
Alamitos
Bay
Marina
Project,
Series
2015:
320
5.000%,
5/15/24
No
Opt.
Call
BBB
324,125
745
5.000%,
5/15/26
5/25
at
100.00
BBB
763,394
1,000
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Refunding
&
Subordinate
Green
Series
2023A,
5.250%,
5/15/40,
(AMT)
5/33
at
100.00
AA-
1,111,220
2,220
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Refunding
Subordinate
Series
2022I,
5.000%,
5/15/48
11/31
at
100.00
AA
2,462,646
5
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
California
(continued)
$
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
$
774,098
5,000
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Senior
Series
2022H,
5.500%,
5/15/38,
(AMT)
11/31
at
100.00
AA
5,691,450
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-
2,295,656
500
5.000%,
5/15/34,
(AMT)
5/26
at
100.00
AA-
520,920
2,000
Los
Angeles
Department
of
Airports,
California,
Revenue
Bonds,
Los
Angeles
International
Airport,
Subordinate
Lien
Series
2017A,
5.000%,
5/15/34,
(AMT)
5/27
at
100.00
AA-
2,112,440
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-
1,208,854
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
384,301
1,000
North
Lake
Tahoe
Public
Financing
Authority,
California,
Lease
Revenue
Bonds,
Health
&
Human
Services
Center
Series
2022,
5.500%,
12/01/47
12/29
at
103.00
AA
1,138,950
2,010
Northern
Inyo
County
Local
Hospital
District,
Inyo
County,
California,
Revenue
Bonds,
Series
2013,
5.000%,
12/01/29,
(Pre-refunded
12/01/23)
12/23
at
100.00
B+ (5)
2,029,678
1,215
Sacramento
Area
Flood
Control
Agency,
California,
Spcial
Assessment
Bonds,
Natomas
Basin
Local
Assessment
District,
Series
2014,
5.000%,
10/01/32
-
BAM
Insured
10/24
at
100.00
AA
1,235,922
Sacramento,
California,
Special
Tax
Bonds,
Community
Facilities
District
4
North
Natomas,
Refunding
Series
2015F:
615
5.000%,
9/01/26
9/25
at
100.00
A-
638,647
1,290
5.000%,
9/01/27
9/25
at
100.00
A-
1,342,890
295
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
304,915
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+
1,057,260
500
5.000%,
7/01/35,
(AMT)
7/27
at
100.00
A+
526,200
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
1,078,730
Total
California
92,761,819
Colorado
-
5.0%
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
663,066
1,000
Aerotropolis
Regional
Transportation
Authority,
Colorado,
Special
Revenue
Bonds,
Series
2021,
4.375%,
12/01/52
12/26
at
103.00
N/R
757,230
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
1,330,947
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+
4,939,976
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
6
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Colorado
(continued)
$
520
Chambers
Highpoint
Metropolitan
District
No.
2,
Colorado,
Limited
Tax
General
Obligation
and
Special
Revenue
Bonds,
Series
2021,
5.000%,
12/01/41
9/26
at
103.00
N/R
$
476,263
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
1,054,590
1,330
5.000%,
6/15/35
6/26
at
100.00
Aa2
1,393,335
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
490,515
Colorado
Educational
and
Cultural
Facilities
Authority,
Charter
School
Revenue
Bonds,
Littleton
Preparatory
Charter
School,
Series
2013:
450
5.000%,
12/01/33
5/23
at
100.00
BB+
449,964
845
5.000%,
12/01/42
5/23
at
100.00
BB+
805,395
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
CommonSpirit
Health,
Series
2022A:
1,155
5.250%,
11/01/36
11/32
at
100.00
A-
1,279,775
5,300
5.250%,
11/01/52
11/32
at
100.00
A-
5,576,395
1,000
Colorado
Health
Facilities
Authority,
Colorado,
Revenue
Bonds,
Sisters
of
Charity
of
Leavenworth
Health
Services
Corporation,
Tender
Option
Bond
Trust
2015-XF2196.
Formerly
Tender
Option
Bond
Trust
3367,
13.380%,
1/01/35,
144A,
(IF)
(6)
1/24
at
100.00
N/R
1,062,530
900
Colorado
Science
and
Technology
Park
Metropolitan
District
No.1,
Special
Revenue Improvement
Bonds,
Refunding
Series
2018,
5.000%,
12/01/33
12/23
at
103.00
N/R
892,251
2,500
Colorado
State,
Building
Excellent
Schools
Today,
Certificates
of
Participation,
Series
2021S,
4.000%,
3/15/46
3/31
at
100.00
Aa2
2,431,900
1,665
Denver
City
and
County,
Colorado,
Airport
System
Revenue
Bonds,
Series
2022A,
5.500%,
11/15/35,
(AMT)
11/32
at
100.00
AA-
1,942,139
Denver
City
and
County,
Colorado,
Airport
System
Revenue
Bonds,
Series
2022D:
1,725
5.750%,
11/15/34,
(AMT)
11/32
at
100.00
AA-
2,077,349
805
5.750%,
11/15/35,
(AMT)
11/32
at
100.00
AA-
959,568
3,500
5.750%,
11/15/40,
(AMT)
11/32
at
100.00
AA-
4,044,670
2,500
5.750%,
11/15/41,
(AMT)
11/32
at
100.00
AA-
2,876,525
2,000
Denver
City
and
County,
Colorado,
Airport
System
Revenue
Bonds,
Subordinate
Lien
Series
2013A,
5.500%,
11/15/26,
(AMT)
11/23
at
100.00
A+
2,018,320
Denver
Convention
Center
Hotel
Authority,
Colorado,
Revenue
Bonds,
Convention
Center
Hotel,
Refunding
Senior
Lien
Series
2016:
1,100
5.000%,
12/01/25
No
Opt.
Call
Baa2
1,127,082
2,500
5.000%,
12/01/26
No
Opt.
Call
Baa2
2,589,400
1,240
5.000%,
12/01/28
12/26
at
100.00
Baa2
1,285,086
500
5.000%,
12/01/36
12/26
at
100.00
Baa2
505,205
3,000
Falcon
Area
Water
and
Wastewater
Authority
(El
Paso
County,
Colorado),
Tap
Fee
Revenue
Bonds,
Series
2022A,
6.750%,
12/01/34,
144A
9/27
at
103.00
N/R
3,027,630
300
Fiddler's
Business
Improvement
District,
Colorado,
Limited
Tax
General
Obligation
Bonds,
Greenwood
Village
Project,
Series
2022,
5.550%,
12/01/47
12/27
at
103.00
N/R
302,688
500
Grandview
Reserve
Metropolitan
District,
El
Paso
County,
Colorado,
Limited
Tax
General
Obligation
Senior
Bonds,
Series
2022A
and
Limited
Tax
General
Obligation
Subordinate
Bonds,
Series
2022B(3),
6.250%,
12/01/52
9/27
at
103.00
N/R
473,000
7
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Colorado
(continued)
$
500
Hogback
Metropolitan
District,
Jefferson
County,
Colorado,
Limited
Tax
General
Obligation
Bonds,
Convertible
to
Unlimited
Tax
Series
2021A,
5.000%,
12/01/51,
144A
12/26
at
103.00
N/R
$
433,825
2,550
Ledge
Rock
Center
Commercial
Metropolitan
District
(In
the
Town
of
Johnstown,
Weld
County,
Colorado),
Limited
Tax
General
Obligation
Bonds,
Series
2022,
7.125%,
11/01/42,
144A
11/29
at
103.00
N/R
2,547,246
500
Meridian
Ranch
Metropolitan
District
2018,
Subdistrict,
El
Paso
County,
Colorado,
General
Obligation
Limited
Tax
Bonds,
Series
2022,
6.250%,
12/01/37
12/27
at
103.00
N/R
495,725
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
1,372,900
1,665
5.500%,
12/01/36
12/27
at
100.00
AA
1,839,658
1,300
Northern
Colorado
Water
Conservancy
District,
Certificates
of
Participation,
Series
2022,
5.250%,
7/01/52
7/31
at
100.00
AA+
1,420,016
1,330
Peak
Metropolitan
District
3,
Colorado
Springs,
El
Paso
County,
Colorado,
Limited
Tax
General
Obligation
Bonds,
Series
2022A-1,
7.500%,
12/01/52
12/27
at
103.00
N/R
1,331,383
1,035
Plaza
Metropolitan
District
1,
Lakewood,
Colorado,
Tax
Increment
Revenue
Bonds,
Refunding
Series
2013,
5.000%,
12/01/40,
144A
5/23
at
100.00
N/R
987,079
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
1,183,607
9,930
State
of
Colorado,
Rural
Colorado,
Certificates
of
Participation,
Series
2022,
6.000%,
12/15/41
12/32
at
100.00
Aa2
11,998,320
1,000
Verve
Metropolitan
District
1,
Jefferson
County
and
the
City
and
County
of
Broomfield,
Colorado,
General
Obligation
Bonds,
Refunding
and
Improvement
Limited
Tax
Series
2021,
5.000%,
12/01/41
3/26
at
103.00
N/R
955,660
1,250
Village
Metropolitan
District
In
the
Town
of
Avon,
Eagle
County,
Colorado,
Special
Revenue
and
Limited
Property
Tax
Bonds,
Refunding
&
Improvement
Series
2020,
5.000%,
12/01/40
12/25
at
103.00
N/R
1,205,450
1,000
West
Globeville
Metropolitan
District
1,
Denver,
Colorado,
General
Obligation
Limited
Tax
Bonds,
Series
2022,
6.750%,
12/01/52
12/29
at
103.00
N/R
940,490
Total
Colorado
73,544,153
Connecticut
-
1.0%
5,000
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Hartford
HealthCare
Issue,
Series
2021A,
4.000%,
7/01/51
7/31
at
100.00
A+
4,645,750
410
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Sacred
Heart
University,
Series
2017I-1,
5.000%,
7/01/37
7/27
at
100.00
A
430,799
1,000
Connecticut
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Sacred
Heart
University,
Series
L,
5.000%,
7/01/33
7/32
at
100.00
A
1,148,390
Harbor
Point
Infrastructure
Improvement
District,
Connecticut,
Special
Obligation
Revenue
Bonds,
Harbor
Point
Project,
Refunding
Series
2017:
1,315
5.000%,
4/01/30,
144A
4/27
at
100.00
N/R
1,335,935
6,465
5.000%,
4/01/39,
144A
4/27
at
100.00
N/R
6,465,776
Total
Connecticut
14,026,650
Delaware
-
0.0%
340
Delaware
Economic
Development
Authority,
Delaware,
Revenue
Bonds,
ASPIRA
of
Delaware
Charter
Operations
Inc.
DBA
Las
Americas
ASPIRA
Academy
Project,
Series
2022A,
4.000%,
6/01/42
6/32
at
100.00
BB
275,672
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
8
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Delaware
(continued)
$
235
Delaware
Economic
Development
Authority,
Revenue
Bonds,
Newark
Charter
School,
Refunding
Series
2016A,
2.800%,
9/01/26
No
Opt.
Call
BBB+
$
226,061
Total
Delaware
501,733
District
of
Columbia
-
2.4%
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+
2,092,760
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
2,171,420
3,000
District
of
Columbia,
General
Obligation
Bonds,
Series
2023A,
5.000%,
1/01/45
1/33
at
100.00
Aaa
3,369,270
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
1,050,070
5,000
District
of
Columbia,
Revenue
Bonds,
Georgetown
University,
Refunding
Series
2017,
5.000%,
4/01/33
4/27
at
100.00
A-
5,367,700
District
of
Columbia,
Washington,
D.C.,
Revenue
Bonds,
Association
of
Amercian
Medical
Colleges,
Series
2011A:
1,000
5.000%,
10/01/28,
(Pre-refunded
10/01/23)
10/23
at
100.00
AA+ (5)
1,007,490
1,000
5.000%,
10/01/29,
(Pre-refunded
10/01/23)
10/23
at
100.00
AA+ (5)
1,007,490
575
5.000%,
10/01/30,
(Pre-refunded
10/01/23)
10/23
at
100.00
AA+ (5)
579,307
2,000
District
of
Columbia,
Washington,
D.C.,
Revenue
Bonds,
KIPP
DC
Issue,
Refunding
Series
2017A,
5.000%,
7/01/37
1/28
at
100.00
BBB+
2,054,780
2,000
District
of
Columbia,
Washington,
D.C.,
Revenue
Bonds,
KIPP
DC
Issue,
Refunding
Series
2017B,
5.000%,
7/01/37
1/28
at
100.00
BBB+
2,054,780
1,240
District
of
Columbia,
Washington,
D.C.,
Revenue
Bonds,
KIPP
DC
Issue,
Series
2019,
4.000%,
7/01/44
7/29
at
100.00
BBB+
1,097,078
1,540
Metropolitan
Washington
Airports
Authority,
District
of
Columbia,
Dulles
Toll
Road
Revenue
Bonds,
Dulles
Metrorail
&
Capital
improvement
Projects,
Refunding
&
Subordinate
Lien
Series
2019B,
5.000%,
10/01/47
10/29
at
100.00
A-
1,612,626
2,990
Metropolitan
Washington
D.C.
Airports
Authority,
Airport
System
Revenue
Bonds,
Refunding
Series
2013A,
5.000%,
10/01/32,
(AMT)
10/23
at
100.00
AA-
3,003,485
3,500
Metropolitan
Washington
D.C.
Airports
Authority,
Airport
System
Revenue
Bonds,
Refunding
Series
2014A,
5.000%,
10/01/29,
(AMT)
10/24
at
100.00
AA-
3,559,325
5,000
Metropolitan
Washington
D.C.
Airports
Authority,
Airport
System
Revenue
Bonds,
Refunding
Series
2015A,
5.000%,
10/01/34,
(AMT)
10/24
at
100.00
AA-
5,068,700
Total
District
of
Columbia
35,096,281
Florida
-
12.1%
Babcock
Ranch
Community
Independent
Special
District,
Charlotte
County,
Florida,
Special
Assessment
Bonds,
2022
Project
Series
2022:
530
4.250%,
5/01/32
No
Opt.
Call
N/R
515,520
1,000
5.000%,
5/01/42
5/32
at
100.00
N/R
967,970
1,495
Bay
County
School
Board,
Florida,
Certificates
of
Participation,
Series
2022A,
5.500%,
7/01/42
7/32
at
100.00
Aa3
1,668,988
740
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
743,493
2,000
Brevard
County
Health
Facilities
Authority,
Florida,
Hospital
Revenue
Bonds,
Health
First
Obligated
Group,
Series
2022A,
5.000%,
4/01/47
4/32
at
100.00
A
2,106,600
5,000
Brevard
County
School
Board,
Florida,
Certificates
of
Participation,
Refunding
Series
2017A,
5.000%,
7/01/31
7/27
at
100.00
Aa3
5,433,900
9
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Florida
(continued)
$
1,930
Broward
County,
Florida,
Airport
System
Revenue
Bonds,
Series
2017,
5.000%,
10/01/35,
(AMT)
10/27
at
100.00
A+
$
2,029,723
1,000
Broward
County,
Florida,
Port
Facilities
Revenue
Bonds,
Refunding
Subordinate
Series
2019D,
5.000%,
9/01/23,
(AMT)
No
Opt.
Call
A2
1,004,710
1,000
Broward
County,
Florida,
Port
Facilities
Revenue
Bonds,
Series
2022,
5.250%,
9/01/47,
(AMT)
9/32
at
100.00
A1
1,072,790
1,425
Capital
Projects
Finance
Authority,
Florida,
Student
Housing
Revenue
Bonds,
Capital
Projects
Loan
Program,
Refunding
Series
2020A-1,
5.000%,
10/01/30
No
Opt.
Call
Baa3
1,498,772
2,095
Capital
Trust
Agency,
Florida,
Revenue
Bonds,
Odyssey
Charter
School
Project,
Series
2019,
5.000%,
7/01/54,
144A
7/26
at
103.00
Ba1
1,900,228
Charlotte
County
Industrial
Development
Authority,
Florida,
Utility
System
Revenue
Bonds,
Town
&
Country
Utilities
Project,
Series
2021A:
250
4.000%,
10/01/41,
(AMT),
144A
10/31
at
100.00
N/R
208,497
110
4.000%,
10/01/51,
(AMT),
144A
10/31
at
100.00
N/R
84,941
3,035
City
of
Miami
Beach,
Florida,
Stormwater
Revenue
Bonds,
Series
2015,
5.000%,
9/01/41
9/25
at
100.00
AA-
3,100,890
Cocoa,
Florida,
Water
and
Sewer
System
Revenue
Bonds,
Refunding
Series
2018C:
1,225
5.000%,
10/01/36
10/28
at
100.00
AA+
1,368,043
1,315
5.000%,
10/01/37
10/28
at
100.00
AA+
1,457,152
1,000
5.000%,
10/01/38
10/28
at
100.00
AA+
1,103,260
Collier
County
Educational
Facilities
Authority,
Florida,
Revenue
Bonds,
Ave
Maria
University,
Refunding
Series
2023:
2,235
5.500%,
6/01/30
No
Opt.
Call
BBB-
2,427,858
2,625
5.500%,
6/01/33
No
Opt.
Call
BBB-
2,902,935
Corkscrew
Crossing
Community
Development
District,
Florida,
Special
Assessment
Bonds,
Series
2023:
500
4.300%,
5/01/33
No
Opt.
Call
N/R
494,395
1,000
5.100%,
5/01/43
5/33
at
100.00
N/R
981,560
1,190
Daytona
Beach
Florida
Housing
Authority,Multi-family
Housing
Revenue
Bonds,
WM
At
The
River
LP,
Series
2021
B,
1.250%,
12/01/25,
(Mandatory
Put
12/01/24)
12/24
at
100.00
Aaa
1,137,271
Deerfield
Beach,
Florida,
Capital
Improvement
Revenue
Bonds,
Series
2018:
2,865
5.000%,
12/01/37
12/28
at
100.00
AA
3,150,583
1,200
5.000%,
12/01/38
12/28
at
100.00
AA
1,315,116
235
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
235,860
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
175,431
385
5.750%,
7/01/47,
144A
7/27
at
101.00
N/R
381,985
1,700
Florida
Development
Finance
Corporation,
Educational
Facilities
Revenue
Bonds,
Imagine
School
at
Broward
Project,
Series
2021A,
4.000%,
12/15/51,
144A
12/29
at
100.00
Baa3
1,439,645
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
171,732
1,500
Florida
Development
Finance
Corporation,
Educational
Facilities
Revenue
Bonds,
Renaissance
Charter
School,
Inc.
Projects,
Series
2013A,
8.500%,
6/15/44,
(Pre-refunded
6/15/23)
6/23
at
100.00
N/R (5)
1,508,430
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
10
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Florida
(continued)
$
2,000
Florida
Development
Finance
Corporation,
Florida,
Surface
Transportation
Facility
Revenue
Bonds,
Brightline
Passenger
Rail
Project,
Green
Series
2019B,
7.375%,
1/01/49,
(AMT),
144A
1/24
at
107.00
N/R
$
1,901,340
4,525
Florida
Development
Finance
Corporation,
Florida,
Surface
Transportation
Facility
Revenue
Bonds,
Virgin
Trains
USA
Passenger
Rail
Project,
Series
2019A,
6.500%,
1/01/49,
(AMT),
(Mandatory
Put
1/01/29),
144A
5/23
at
102.00
N/R
4,270,469
5,000
Florida
Development
Finance
Corporation,
Revenue
Bonds,
Brightline
Florida
Passenger
Rail
Expansion
Project,
Series
2023A,
7.500%,
7/01/57,
(AMT),
(Mandatory
Put
8/15/24)
5/23
at
100.00
N/R
4,914,250
5,000
Florida
Development
Finance
Corporation,
Revenue
Bonds,
Brightline
Passenger
Rail
Expansion
Project,
Series
2022A,
7.250%,
7/01/57,
(AMT),
(Mandatory
Put
10/03/23),
144A
5/23
at
103.00
N/R
5,063,850
1,000
Florida
Gulf
Coast
University
Financing
Corporation,
Capital
Improvement
Revenue
Bonds,
Refunding
Housing
Project,
Series
2019A,
3.000%,
2/01/39
2/30
at
100.00
A+
804,590
1,000
Florida
Gulf
Coast
University
Financing
Corporation,
Capital
Improvement
Revenue
Bonds,
Refunding
Housing
Project,
Series
2022A,
5.000%,
2/01/40
8/32
at
100.00
A+
1,071,010
12,000
Florida
Mid-Bay
Bridge
Authority,
Revenue
Bonds,
1st
Senior
Lien
Series
2015A,
5.000%,
10/01/35
10/25
at
100.00
BBB+
12,251,160
760
Fort
Lauderdale,
Florida,
Special
Assessment
Bonds,
Las
Olas
Isles
Undergrounding
Project,
Series
2022,
4.000%,
7/01/42,
144A
7/32
at
100.00
N/R
640,156
400
Greater
Orlando
Aviation
Authority,
Florida,
Orlando
Airport
Facilities
Revenue
Bonds,
Priority
Subordinated
Series
2017A,
5.000%,
10/01/34,
(AMT)
10/27
at
100.00
A+
422,856
4,000
Hernando
County,
Florida,
Non-Ad
Valorem
Revenue
Bonds,
Series
2022,
5.250%,
6/01/47
6/32
at
100.00
AA-
4,395,280
Hillsborough
County
Aviation
Authority,
Florida,
Revenue
Bonds,
Tampa
International
Airport,
Senior
Lien
Series
2015A:
7,415
5.000%,
10/01/34,
(AMT)
10/24
at
100.00
AA-
7,521,998
3,250
5.000%,
10/01/40,
(Pre-refunded
10/01/24),
(AMT)
10/24
at
100.00
N/R (5)
3,314,968
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-
763,127
3,000
Hillsborough
County
Aviation
Authority,
Florida,
Revenue
Bonds,
Tampa
International
Airport,
Subordinate
Refunding
Series
2013A,
5.500%,
10/01/28,
(Pre-refunded
10/01/23),
(AMT)
10/23
at
100.00
A+ (5)
3,023,610
2,000
Hillsborough
County
Industrial
Development
Authority,
Florida,
Hospital
Revenue
Bonds,
Florida
Health
Sciences
Center
Inc
D/B/A
Tampa
General
Hospital,
Series
2020A,
4.000%,
8/01/45
2/31
at
100.00
A
1,876,840
2,860
Hollywood
Beach
Community
Development
District
1,
Florida,
Revenue
Bonds,
Public
Parking
Facility
Project,
Refunding
Series
2020,
5.000%,
10/01/35
10/30
at
100.00
Aa3
3,076,187
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
965,878
1,650
Jacksonville,
Florida,
Health
Care
Facilities
Revenue
Bonds,
Baptist
Health
Properties,
Refunding
Series
2017,
5.000%,
8/15/35
8/27
at
100.00
AA
1,777,594
400
Lake
Worth
Beach,
Florida,
Consolidated
Utility
Revenue
Bonds,
Series
2022,
5.000%,
10/01/36
-
BAM
Insured
10/32
at
100.00
AA
459,912
10,000
Lakeland,
Florida,
Energy
System
Revenue
Bonds,
Series
2021,
5.000%,
10/01/48
No
Opt.
Call
AA
11,521,100
11
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Florida
(continued)
$
1,080
Lee
County
Industrial
Development
Authority,
Florida,
Charter
School
Revenue
Bonds,
Lee
County
Community
Charter
Schools,
Series
2007A,
5.250%,
6/15/27
5/23
at
100.00
BB
$
1,062,526
600
Lee
County
Industrial
Development
Authority,
Florida,
Charter
School
Revenue
Bonds,
Lee
County
Community
Charter
Schools,
Series
2012A,
5.000%,
6/15/24,
144A
5/23
at
100.00
BB
597,390
Lee
County,
Florida,
Solid
Waste
System
Revenue
Bonds,
Refunding
Series
2016:
1,110
5.000%,
10/01/24,
(AMT)
No
Opt.
Call
AA-
1,124,530
605
5.000%,
10/01/26,
(AMT)
No
Opt.
Call
AA-
625,667
1,155
Marco
Island,
Florida,
Utility
System
Revenue
Bonds,
Refunding
Series
2016,
3.000%,
10/01/33
10/26
at
100.00
Aa3
1,128,135
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-
856,936
250
5.000%,
11/15/26
11/24
at
100.00
A-
255,202
375
5.000%,
11/15/27
11/24
at
100.00
A-
383,209
500
5.000%,
11/15/28
11/24
at
100.00
A-
511,160
9,250
5.000%,
11/15/39
11/24
at
100.00
A-
9,314,935
4,000
5.000%,
11/15/44
11/24
at
100.00
A-
4,022,240
Miami
Dade
County,
Florida,
Rickenbacker
Causeway
Revenue
Bonds,
Series
2014:
900
5.000%,
10/01/27
10/24
at
100.00
A-
917,280
920
5.000%,
10/01/28
10/24
at
100.00
A-
938,704
500
5.000%,
10/01/30
10/24
at
100.00
A-
510,280
Miami-Dade
County,
Florida,
Aviation
Revenue
Bonds,
Refunding
Series
2014A:
1,145
5.000%,
10/01/28,
(AMT)
10/24
at
100.00
A1
1,163,045
4,000
5.000%,
10/01/33,
(AMT)
10/24
at
100.00
A1
4,053,880
1,000
Miami-Dade
County,
Florida,
Aviation
Revenue
Bonds,
Refunding
Series
2016A,
5.000%,
10/01/41
10/26
at
100.00
A+
1,037,140
4,000
Miami-Dade
County,
Florida,
Aviation
Revenue
Bonds,
Refunding
Series
2018A,
5.000%,
10/01/38,
(AMT)
10/28
at
100.00
A+
4,192,160
Monroe
County,
Florida,
Airport
Revenue
Bonds,
Key
West
International
Airport,
Series
2022:
1,430
5.000%,
10/01/39,
(AMT)
10/32
at
100.00
A-
1,493,206
1,575
5.000%,
10/01/41,
(AMT)
10/32
at
100.00
A-
1,627,747
750
Orange
County
Health
Facilities
Authority,
Florida,
Hospital
Revenue
Bonds,
Orlando
Health
Obligated
Group,
Inc.,
Series
2023,
5.000%,
10/01/33
4/33
at
100.00
A+
877,942
500
Orange
County
Health
Facilities
Authority,
Florida,
Revenue
Bonds,
Presbyterian
Retirement
Communities
Project,
Series
2014,
5.000%,
8/01/24
No
Opt.
Call
A-
504,500
1,000
Orlando,
Florida,
Tourist
Development
Tax
Revenue
Bonds,
6th
Cent
Contract
Payments,
Refunding
Senior
Series
2017A,
5.000%,
11/01/35
-
AGM
Insured
11/27
at
100.00
AA
1,086,550
745
Osceola
County,
Florida,
Transportation
Revenue
Bonds,
Osceola
Parkway,
Refunding
&
Improvement
Series
2019A-1,
5.000%,
10/01/29
No
Opt.
Call
BBB+
802,462
Palm
Beach
County
Health
Facilities
Authority,
Florida,
Hospital
Revenue
Bonds,
Jupiter
Medical
Center,
Series
2022:
620
5.000%,
11/01/34
11/32
at
100.00
BBB
667,697
750
5.000%,
11/01/36
11/32
at
100.00
BBB
791,227
1,520
5.000%,
11/01/47
11/32
at
100.00
BBB
1,536,705
2,175
5.000%,
11/01/52
11/32
at
100.00
BBB
2,190,203
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
12
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Florida
(continued)
$
425
Palm
Beach
County
School
Board,
Florida,
Certificates
of
Participation,
Series
2015C,
5.000%,
8/01/30
8/25
at
100.00
Aa3
$
442,710
1,000
Pasco
County,
Florida,
Cigarette
Tax
Allocation
Bonds,
H.
Lee
Moffitt
Cancer
Center
and
Research
Institute
Capital
Improvement
Series
2023A,
5.500%,
9/01/41
-
AGM
Insured
3/33
at
100.00
AA
1,125,380
1,000
Poitras
East
Community
Development
District,
Osceola
County,
Florida,
Special
Assessment
Revenue
Bonds,
Series
2023,
4.200%,
5/01/33
No
Opt.
Call
N/R
986,340
Pompano
Beach,
Florida,
Revenue
Bonds,
John
Knox
Village
Project,
Series
2015:
225
5.000%,
9/01/24
No
Opt.
Call
BBB
225,470
410
5.000%,
9/01/35
9/24
at
100.00
BBB
402,206
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
939,769
2,000
School
Board
of
Duval
County,
Florida,
Certificates
of
Participation,
Series
2022A,
5.000%,
7/01/31
-
AGM
Insured
7/30
at
100.00
AA
2,292,460
280
Seminole
County
Industrial
Development
Authority,
Florida,
Educational
Facilities
Revenue
Bonds,
Galileo
Schools
for
Gifted
Learning,
Series
2021A,
4.000%,
6/15/31,
144A
No
Opt.
Call
Ba1
257,443
65
South
Broward
Hospital
District,
Florida,
Hospital
Revenue
Bonds,
South
Broward
Hospital
District
Obligated
Group,
Refunding
Series
2016,
5.000%,
5/01/23
No
Opt.
Call
AA
65,000
500
Tallahassee,
Florida,
Consolidated
Utility
Systems
Revenue
Bonds,
Refunding
Series
2015,
5.000%,
10/01/35,
(Pre-refunded
10/01/23)
10/23
at
100.00
AA+ (5)
503,535
1,425
Tampa
Bay,
Florida,
Regional
Water
Supply
Authority,
Utility
System
Revenue
Bonds,
Sustainability
Series
2022,
5.250%,
10/01/47
10/32
at
100.00
AA+
1,610,777
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
A1
1,408,473
1,100
Tampa,
Florida,
Capital
Improvement
Cigarette
Tax
Allocation
Bonds,
H.
Lee
Moffitt
Cancer
Center
Project,
Series
2020A,
0.000%,
9/01/39
9/30
at
70.57
A1
540,364
4,090
Tampa,
Florida,
Water
and
Wastewater
Systems
Revenue
Bonds,
Green
Series
2022A,
5.250%,
10/01/57
10/32
at
100.00
AAA
4,545,094
15
Tolomato
Community
Development
District,
Florida,
Special
Assessment
Bonds,
Refunding
Series
2015-2,
0.000%,
5/01/40
(7)
5/23
at
100.00
N/R
13,581
15
Tolomato
Community
Development
District,
Florida,
Special
Assessment
Bonds,
Refunding
Series
2015-3,
6.610%,
5/01/40
(4)
5/23
at
100.00
N/R
0
Village
Community
Development
District
10,
Sumter
County,
Florida,
Special
Assessment
Revenue
Bonds,
Refunding
Series
2023:
550
5.000%,
5/01/38
-
AGM
Insured
(WI/DD,
Settling
5/01/23)
5/33
at
100.00
AA
617,441
1,130
5.000%,
5/01/39
-
AGM
Insured
(WI/DD,
Settling
5/01/23)
5/33
at
100.00
AA
1,259,792
1,000
5.000%,
5/01/40
-
AGM
Insured
(WI/DD,
Settling
5/01/23)
5/33
at
100.00
AA
1,104,290
3,000
Village
Community
Development
District
14,
Leesburg,
Florida,
Special
Assessment
Bonds,
Series
2022,
4.750%,
5/01/32,
144A
5/30
at
100.00
N/R
3,003,750
Total
Florida
178,240,986
Georgia
-
0.8%
3,000
Atlanta,
Georgia,
Airport
General
Revenue
Bonds,
Series
2022B,
5.000%,
7/01/38,
(AMT)
7/32
at
100.00
Aa3
3,275,430
1,350
Clarke
County
School
District,
Georgia,
General
Obligation
Bonds,
Sales
Tax
Series
2022,
5.000%,
9/01/23
No
Opt.
Call
Aa1
1,358,154
2,390
Cobb
County
Kennestone
Hospital
Authority,
Georgia,
Revenue
Anticipation
Certificates,
Wellstar
Health
System,
Series
2017A,
5.000%,
4/01/35
4/27
at
100.00
A+
2,515,857
13
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Georgia
(continued)
$
1,860
Georgia
Ports
Authority,
Revenue
Bonds,
Series
2022,
5.250%,
7/01/43
7/32
at
100.00
AA
$
2,121,070
2,000
Georgia
State,
General
Obligation
Bonds,
Refunding
Series
2022C,
5.000%,
7/01/23
No
Opt.
Call
AAA
2,005,900
950
Henry
County
Hospital
Authority,
Georgia,
Revenue
Certificates,
Piedmont
Henry
Hospital
Project,
Series
2014A,
5.000%,
7/01/34
7/24
at
100.00
AA-
968,155
Total
Georgia
12,244,566
Guam
-
0.1%
Government
of
Guam,
Business
Privilege
Tax
Bonds,
Refunding
Series
2015D:
1,035
5.000%,
11/15/23
No
Opt.
Call
BB
1,038,084
1,000
5.000%,
11/15/33
11/25
at
100.00
BB
1,017,480
Total
Guam
2,055,564
Hawaii
-
0.7%
1,600
Hawaii
Department
of
Transportation
-
Airports
Division,
Lease
Revenue
Certificates
of
Participation,
Series
2013,
5.000%,
8/01/28,
(AMT)
8/23
at
100.00
A+
1,604,112
2,000
Honolulu
City
and
County,
Hawaii,
General
Obligation
Bonds,
Series
2015A,
5.000%,
10/01/37
10/25
at
100.00
AA+
2,066,940
3,840
Honolulu
City
and
County,
Hawaii,
General
Obligation
Bonds,
Series
2022B,
5.250%,
7/01/41
7/32
at
100.00
AA+
4,408,858
Kauai
County,
Hawaii,
Special
Tax
Bonds,
Community
Facilities
District
2008-1
Kukuiula
Development
Project,
Series
2022:
440
4.000%,
5/15/29
No
Opt.
Call
N/R
426,439
470
4.000%,
5/15/30
No
Opt.
Call
N/R
452,380
375
5.000%,
5/15/31
No
Opt.
Call
N/R
386,242
250
5.000%,
5/15/32
No
Opt.
Call
N/R
256,575
Total
Hawaii
9,601,546
Idaho
-
1.2%
Boise
State
University,
Idaho,
General
Revenue
Bonds,
Series
2018A:
575
5.000%,
4/01/38
4/28
at
100.00
Aa3
618,625
600
5.000%,
4/01/39
4/28
at
100.00
Aa3
644,202
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
512,930
1,000
5.000%,
6/01/30
12/24
at
100.00
A3
1,024,920
2,090
5.000%,
6/01/31
12/24
at
100.00
A3
2,140,473
2,995
Idaho
Falls
Auditorium
District,
Idaho,
Certifications
of
Participation, Annual
Appropriation
Series
2021,
5.250%,
5/15/51,
144A
5/26
at
102.00
N/R
2,235,378
610
Idaho
Health
Facilities
Authority,
Revenue
Bonds,
Madison
Memorial
Hospital
Project,
Refunding
Series
2016,
5.000%,
9/01/29
9/26
at
100.00
BB+
624,506
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
1,298,400
865
Idaho
Health
Facilities
Authority,
Revenue
Bonds,
Trinity
Health
Group,
Series
2015,
5.500%,
12/01/29
6/25
at
100.00
AA-
903,916
6,105
Idaho
Housing
&
Finance
Association,
Idaho,
Sales
Tax
Revenue
Bonds,
Transportation
Expansion
&
Congestion
Mitigation
Fund,
Series
2023A,
5.250%,
8/15/48
8/33
at
100.00
Aa1
6,915,317
1,170
Idaho
Housing
and
Finance
Association,
Nonprofit
Facilities
Revenue
Bonds,
Future
Public
School
Project,
Series
2022A,
4.000%,
5/01/32,
144A
5/29
at
103.00
Ba2
1,071,697
Total
Idaho
17,990,364
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
14
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Illinois
-
7.1%
$
1,395
Beford
Park
Village,
Illinois,
Hotel
and
Motel
Tax
Revenue
Bonds,
Refunding
Series
2015A,
4.000%,
12/01/23
No
Opt.
Call
A3
$
1,391,108
601
Chicago,
Illinois,
Certificates
of
Participation,
Tax
Increment
Allocation
Revenue
Bonds,
Pullman
Park/Chicago
Redevelopement
Project,
Series
2013A,
7.125%,
3/15/33
5/23
at
100.00
N/R
601,765
600
Chicago,
Illinois,
General
Airport
Revenue
Bonds,
O'Hare
International
Airport,
Refunding
Senior
Lien
Series
2020A,
5.000%,
1/01/35
1/30
at
100.00
A+
673,236
Chicago,
Illinois,
General
Obligation
Bonds,
Chicago
Works
Series
2023A:
3,850
5.000%,
1/01/35
1/32
at
100.00
BBB+
4,149,799
1,685
5.500%,
1/01/39
1/32
at
100.00
BBB+
1,838,335
Chicago,
Illinois,
Midway
Airport
Revenue
Bonds,
Refunding
Second
Lien
Series
2014A:
2,500
5.000%,
1/01/25
1/24
at
100.00
A
2,523,925
3,000
5.000%,
1/01/30
1/24
at
100.00
A
3,016,260
20,000
Chicago,
Illinois,
Water
Revenue
Bonds,
Refunding
Second
Lien
Series
2012,
4.000%,
11/01/37
5/23
at
100.00
A+
19,433,600
4,650
DuPage
County
School
District
58
Downers
Grove,
Illinois,
General
Obligation
Bonds, School
Series
2022,
5.250%,
12/15/40
12/32
at
100.00
Aa1
5,301,418
100
Illinois
Finance
Authority
Revenue
Bonds,
OSF
Healthcare
System,
Refunding
Series
2018A,
5.000%,
5/15/25
No
Opt.
Call
A
103,328
2,000
Illinois
Finance
Authority,
Revenue
Bonds,
Advocate
Health
Care
Network,
Refunding
Series
2014,
4.000%,
8/01/38
8/24
at
100.00
AA
1,952,240
Illinois
Finance
Authority,
Revenue
Bonds,
DePaul
College
Prep
Foundation,
Series
2023A:
1,220
4.300%,
8/01/28,
144A
No
Opt.
Call
BB+
1,216,523
1,000
5.250%,
8/01/38,
144A
8/33
at
100.00
BB+
1,010,180
4,500
Illinois
Finance
Authority,
Revenue
Bonds,
Edward-Elmhurst
Healthcare,
Refunding
Series
2018A,
4.250%,
1/01/44,
(Pre-refunded
1/01/28)
1/28
at
100.00
AA- (5)
4,796,955
3,000
Illinois
Finance
Authority,
Revenue
Bonds,
Edward-Elmhurst
Healthcare,
Series
2017A,
5.000%,
1/01/36,
(Pre-refunded
1/01/27)
1/27
at
100.00
AA- (5)
3,242,550
5,000
Illinois
Finance
Authority,
Revenue
Bonds,
Northwest
Community
Hospital,
Refunding
Series
2016A,
4.000%,
7/01/37,
(Pre-refunded
7/01/26)
7/26
at
100.00
Aa3 (5)
5,198,450
9,885
Illinois
Finance
Authority,
Revenue
Bonds,
Northwestern
Memorial
Healthcare,
Series
2017A,
4.000%,
7/15/47
1/28
at
100.00
AA+
9,521,627
1,000
Illinois
Finance
Authority,
Revenue
Bonds,
OSF
Healthcare
System,
Series
2015A,
4.000%,
11/15/33
11/25
at
100.00
A
1,012,640
2,750
Illinois
Finance
Authority,
Revenue
Bonds,
Rush
University
Medical
Center
Obligated
Group,
Series
2015A,
5.000%,
11/15/38
5/25
at
100.00
AA-
2,799,803
220
Illinois
Finance
Authority,
Revenue
Bonds,
Silver
Cross
Hospital
and
Medical
Centers,
Refunding
Series
2015C,
5.000%,
8/15/23
No
Opt.
Call
A3
220,770
Illinois
Finance
Authority,
Revenue
Bonds,
Smith
Crossing,
Refunding
Series
2022:
725
4.000%,
10/15/30
4/29
at
103.00
BBB-
659,214
6,000
4.000%,
10/15/37
4/29
at
103.00
BBB-
4,973,400
830
Illinois
Finance
Authority,
Student
Housing
&
Academic
Facility
Revenue
Bonds,
CHF-Collegiate
Housing
Foundation
-
Chicago
LLC
University
of
Illinois
at
Chicago
Project,
Series
2017A,
5.000%,
2/15/26
No
Opt.
Call
Baa3
841,346
1,500
Illinois
Housing
Development
Authority,
Revenue
Bonds,
Social
Series
2022G,
6.250%,
10/01/52
4/32
at
100.00
Aaa
1,656,465
15
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Illinois
(continued)
$
2,000
Illinois
State,
General
Obligation
Bonds,
December
Series
2017B,
5.000%,
12/01/24
No
Opt.
Call
A-
$
2,044,380
6,000
Illinois
State,
General
Obligation
Bonds,
November
Series
2017D,
5.000%,
11/01/28
11/27
at
100.00
A-
6,443,760
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-
5,285,952
1,100
Lake
County
Consolidated
High
School
District
120
Mundelein,
Illinois,
General
Obligation
Bonds,
School
Series
2022A,
5.500%,
12/01/40
12/32
at
100.00
AA+
1,229,283
600
Madison,
Bond
and
Montgomery
Counties
Community
Unit
School
District
05,
Highland,
Illinois,
General
Obligation
Bonds,
School
Series
2022B,
5.500%,
2/01/42
-
AGM
Insured
2/30
at
100.00
AA
662,730
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
757,066
1,250
Northern
Illinois
University,
Auxiliary
Facilities
System
Revenue
Bonds,
Refunding
Series
2020B,
4.000%,
4/01/35
-
BAM
Insured
4/30
at
100.00
AA
1,265,325
1,000
Romeoville,
Will
County,
Illinois,
Revenue
Bonds,
Lewis
University
Project,
Refunding
Series
2018B,
5.000%,
10/01/39
4/25
at
100.00
BBB
1,002,840
Stephenson
County
School
District
145,
Freeport,
Illinois,
General
Obligation
Bonds,
Limited
School
Series
2018A:
610
5.000%,
2/01/34
-
AGM
Insured
2/28
at
100.00
AA
676,820
140
5.000%,
2/01/34,
(Pre-refunded
2/01/28)
-
AGM
Insured
2/28
at
100.00
AA (5)
155,397
100
University
of
Illinois,
Auxiliary
Facilities
System
Revenue
Bonds,
Series
2014A,
5.000%,
4/01/39
4/24
at
100.00
Aa2
100,357
2,000
Will
County
School
District
114,
Manhattan,
Illinois,
General
Obligation
Bonds,
Series
2022,
5.500%,
1/01/43
-
BAM
Insured
1/33
at
100.00
AA
2,274,520
4,000
Will
County,
Illinois,
General
Obligation
Bonds,
Alternate
Revenue
Source
Series
2019,
4.000%,
11/15/47
11/29
at
100.00
AA+
3,997,320
Total
Illinois
104,030,687
Indiana
-
4.6%
2,500
Evansville,
Indiana,
Waterworks
District
Revenue
Bonds,
Series
2022A,
5.000%,
7/01/47
-
BAM
Insured
1/32
at
100.00
AA
2,699,600
1,000
Gary
Local
Public
Improvement
Bond
Bank,
Indiana,
Economic
Development
Revenue
Bonds,
Drexel
Foundation
for
Educational
Excellence
Project,
Refunding
Series
2020A,
5.875%,
6/01/55,
144A
6/30
at
100.00
N/R
864,240
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+
772,667
795
5.000%,
7/15/36
1/28
at
100.00
AA+
871,074
500
5.000%,
7/15/37
1/28
at
100.00
AA+
544,530
1,000
5.000%,
7/15/38
1/28
at
100.00
AA+
1,084,630
850
IIndiana
Finance
Authority,
Hospital
Revenue
Bonds,
Parkview
Health,
Series
2018A,
4.000%,
11/01/48
11/28
at
100.00
AA-
797,325
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-
567,974
425
5.000%,
2/01/27
2/24
at
100.00
A-
431,316
1,350
Indiana
Finance
Authority,
Educational
Facilities
Revenue
Bonds,
Butler
University
Project,
Series
2019,
5.000%,
2/01/35
8/29
at
100.00
A-
1,480,383
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
16
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Indiana
(continued)
$
4,000
Indiana
Finance
Authority,
Educational
Facilities
Revenue
Bonds,
DePauw
University
Project,
Series
2022A,
5.000%,
7/01/42
7/32
at
100.00
Baa1
$
4,111,720
3,725
Indiana
Finance
Authority,
Educational
Facilities
Revenue
Bonds,
Rose
Hulman
Institute
Of
Technology
Project,
Series
2018,
5.000%,
6/01/40
12/28
at
100.00
A2
3,943,918
250
Indiana
Finance
Authority,
Health
Facilities
Revenue
Bonds,
Good
Samaritan
Hospital
Project,
Series
2016A,
5.000%,
4/01/37
4/26
at
100.00
Baa3
254,040
665
Indiana
Finance
Authority,
Hospital
Revenue
Bonds,
Goshen
Health,
Series
2019A,
5.000%,
11/01/35
5/29
at
100.00
BBB+
709,954
Indiana
Finance
Authority,
Hospital
Revenue
Bonds,
Reid
Health
Series
2022:
1,785
5.000%,
1/01/42
-
AGM
Insured
1/32
at
100.00
AA
1,918,340
1,700
5.000%,
1/01/52
-
AGM
Insured
1/32
at
100.00
AA
1,779,322
3,025
Indiana
Finance
Authority,
Wastewater
Utility
Revenue
Bonds,
CWA
Authority
Project,
Refunding
Second
Lien
Series
2021-2,
4.000%,
10/01/40
-
BAM
Insured
10/31
at
100.00
AA
3,028,963
2,020
Indiana
Health
Facility
Financing
Authority,
Revenue
Bonds,
Ascension
Health,
Series
2001A-1,
5.000%,
11/15/34
11/25
at
100.00
AA+
2,110,254
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+
1,473,179
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)
1,003,170
670
Indiana
Municipal
Power
Agency,
Power
Supply
System
Revenue
Bonds,
Series
2017A,
5.000%,
1/01/42
1/28
at
100.00
A+
714,602
3,000
Indiana
Municipal
Power
Agency,
Power
Supply
System
Revenue
Bonds,
Series
2022A,
5.500%,
1/01/47
1/32
at
100.00
A+
3,381,780
1,000
Indianapolis
Local
Public
Improvement
Bond
Bank,
Indiana,
Airport
Authority
Project
Revenue
Bonds,
Series
2022G-2,
5.000%,
1/01/33,
(AMT)
1/32
at
100.00
A1
1,120,780
IPS
Multi-School
Building
Corporation,
Indiana,
First
Mortgage
Revenue
Bonds,
Social
Series
2022:
630
5.500%,
7/15/37
7/32
at
100.00
AA+
726,422
500
5.500%,
7/15/39
7/32
at
100.00
AA+
571,705
1,625
Ivy
Tech
Community
College,
Indiana,
Student
Fee
Revenue
Bonds,
Series
2018V,
5.000%,
7/01/36
7/28
at
100.00
AA
1,748,906
Lake
Ridge
Multi-School
Building
Corporation,
Lake
County,
Indiana,
First
Mortgage
Bonds,
Ad
Valorem
Property
Tax
Series
2022:
2,960
5.500%,
7/15/36
7/32
at
100.00
AA+
3,490,432
3,500
5.500%,
7/15/38
7/32
at
100.00
AA+
4,075,435
1,280
5.500%,
7/15/40
7/32
at
100.00
AA+
1,473,331
1,150
Mount
Vernon
of
Hancock
County
Multi-School
Building
Corporation,
Indiana,
First
Mortgage
Bonds,
Series
2022,
5.500%,
1/15/42
7/31
at
100.00
AA+
1,305,526
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+
2,527,356
2,480
5.000%,
7/15/36
7/26
at
100.00
AA+
2,637,530
Plymouth
Multi-School
Building
Corporation,
Indiana,
First
Mortgage
Bonds,
Series
2018:
1,655
5.000%,
1/15/34
7/28
at
100.00
AA+
1,836,570
3,655
5.000%,
7/15/36
7/28
at
100.00
AA+
3,998,533
Richmond
Hospital
Authority,
Indiana,
Revenue
Bonds,
Reid
Hospital
Project, Refunding
Series
2015A:
500
5.000%,
1/01/28
1/25
at
100.00
A
512,870
815
5.000%,
1/01/29
1/25
at
100.00
A
835,807
17
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Indiana
(continued)
$
4,905
Tippecanoe
County
NSE08
School
Building
Corporation,
Indiana,
Ad
Valorem
Property
Tax
First
Mortgage
Bonds,
Series
2022B,
6.000%,
7/15/39
7/32
at
100.00
AA+
$
5,948,293
Total
Indiana
67,352,477
Iowa
-
0.2%
3,000
PEFA
Inc.,
Public
Energy
Facilities
Authority,
Inc.,
Iowa,
Gas
Project
Revenue
Bonds,
Series
2019,
5.000%,
9/01/49,
(Mandatory
Put
9/01/26)
6/26
at
100.62
A
3,090,180
Total
Iowa
3,090,180
Kansas
-
0.9%
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
Ba2
1,056,284
4,000
Kansas
Department
of
Transportation,
Highway
Revenue
Bonds,
Series
2018A,
5.000%,
9/01/36
9/27
at
100.00
AA
4,315,960
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
214,473
2,100
Kansas
State
Turnpike
Authority,
Turnpike
Revenue
Bonds,
Refunding
Series
2019A,
5.000%,
9/01/37
9/29
at
100.00
Aa2
2,356,452
3,000
Shawnee
County
Unified
School
District
437
Auburn-
Washburn,
Kansas,
General
Obligation
Bonds,
Refunding
and
Improvement
Series
2022,
5.000%,
9/01/42
9/32
at
100.00
Aa2
3,395,820
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-
2,077,560
Total
Kansas
13,416,549
Kentucky
-
0.9%
750
Kentucky
Economic
Development
Finance
Authority,
Hospital
Revenue
Bonds,
Owensboro
Health,
Refunding
Series
2017A,
5.000%,
6/01/26
No
Opt.
Call
Baa2
778,943
Kentucky
Public
Transportation
Infrastructure
Authority,
Toll
Revenue
Bonds,
Downtown
Crossing
Project,
First
Tier
Series
2013A:
2,495
5.750%,
7/01/49,
(Pre-refunded
7/01/23)
7/23
at
100.00
Baa2 (5)
2,502,635
8,595
6.000%,
7/01/53,
(Pre-refunded
7/01/23)
7/23
at
100.00
Baa2 (5)
8,624,481
1,250
Kentucky
State
Property
and
Buildings
Commission,
Revenue
Bonds,
Project
127,
Series
2022A,
5.250%,
6/01/39
6/32
at
100.00
A1
1,399,212
Total
Kentucky
13,305,271
Louisiana
-
2.3%
Cameron
Parish
School
District
15,
Louisiana,
General
Obligation
Bonds,
Series
2021:
350
4.000%,
10/01/34
10/30
at
100.00
BBB
357,637
350
4.000%,
10/01/35
10/30
at
100.00
BBB
354,581
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
1,043,660
805
5.000%,
11/01/37
-
AGM
Insured
11/25
at
100.00
AA
839,164
4,000
5.000%,
11/01/42
-
AGM
Insured
11/25
at
100.00
AA
4,142,520
5,000
Louisiana
Local
Government
Environmental
Facilities
and
Community
Development
Authority,
Louisiana,
Insurance
Assessment
Revenue
Bonds,
Louisiana
Insurance
Guaranty
Association
Project,
Series
2022B,
5.000%,
8/15/33
8/27
at
100.00
A1
5,342,800
200
Louisiana
Publc
Facilities
Authority,
Lousiana,
Revenue
Bonds,
Lincoln
Preparatory
School
Project,
Series
2021A,
5.000%,
6/01/31,
144A
No
Opt.
Call
N/R
192,526
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
18
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Louisiana
(continued)
Louisiana
Publc
Facilities
Authority,
Lousiana,
Revenue
Bonds,
Ochsner
Clinic
Foundation
Project,
Refunding
Series
2017:
$
2,000
5.000%,
5/15/33
5/27
at
100.00
A
$
2,136,200
2,000
5.000%,
5/15/34
5/27
at
100.00
A
2,129,500
2,640
5.000%,
5/15/35
5/27
at
100.00
A
2,795,734
3,940
New
Orleans
Aviation
Board,
Louisiana,
General
Airport
Revenue
Bonds,
North
Terminal
Project,
Series
2015B,
5.000%,
1/01/30,
(AMT)
1/25
at
100.00
A
4,021,440
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
418,748
500
5.000%,
1/01/35,
(AMT)
1/27
at
100.00
A
521,755
355
5.000%,
1/01/36,
(AMT)
1/27
at
100.00
A
368,724
Port
New
Orleans
Board
of
Commissioners,
Louisiana,
Revenue
Bonds,
Port
Facilities,
Refunding
Series
2018B:
3,000
5.000%,
4/01/37
-
AGM
Insured,
(AMT)
4/28
at
100.00
AA
3,116,070
860
5.000%,
4/01/38
-
AGM
Insured,
(AMT)
4/28
at
100.00
AA
890,100
4,900
Saint
John
the
Baptist
Parish
School
District
1,
Louisiana,
General
Obligation
Bonds,
Series
2023,
5.250%,
3/01/37
3/33
at
100.00
A2
5,409,894
Total
Louisiana
34,081,053
Maine
-
0.0%
500
Maine
Health
and
Higher
Educational
Facilities
Authority,
Revenue
Bonds,
Series
2022C,
5.500%,
7/01/38
-
AGM
Insured
7/32
at
100.00
AA
571,750
Total
Maine
571,750
Maryland
-
0.9%
1,075
Maryland
Community
Development
Administration,
Local
Government
Infrastructure
Bonds,
Senior
Obligation
Series
2023A-1,
5.000%,
6/01/43
6/33
at
100.00
Aa2
1,198,399
2,000
Maryland
Health
and
Higher
Educational
Facilities
Authority,
Maryland,
Revenue
Bonds,
Meritus
Medical
Center,
Series
2015,
5.000%,
7/01/29
7/25
at
100.00
A
2,059,560
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
A3
262,910
Maryland
Health
and
Higher
Educational
Facilities
Authority,
Revenue
Bonds,
LifeBridge
Health
System,
Series
2015:
1,200
4.000%,
7/01/35,
(Pre-refunded
7/01/25)
7/25
at
100.00
A+ (5)
1,231,848
625
5.000%,
7/01/40,
(Pre-refunded
7/01/25)
7/25
at
100.00
A+ (5)
654,631
2,120
Maryland
Health
and
Higher
Educational
Facilities
Authority,
Revenue
Bonds,
Peninsula
Regional
Medical
Center
Issue,
Refunding
Series
2015,
5.000%,
7/01/39,
(Pre-refunded
7/01/24)
7/24
at
100.00
A (5)
2,161,679
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
1,075,010
4,615
Maryland
Transportation
Authority,
Passenger
Facility
Charge
Revenue
Bonds,
Baltimore/Washington
Internatonal
Thurgood
Marshall
Airport
Project,
Series
2019,
5.000%,
6/01/26,
(AMT)
No
Opt.
Call
A+
4,813,584
Total
Maryland
13,457,621
Massachusetts
-
0.6%
1,660
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Lahey
Health
System
Obligated
Group
Issue,
Series
2015F,
5.000%,
8/15/30
8/25
at
100.00
A
1,735,596
1,385
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Northeastern
University,
Series
2022,
5.000%,
10/01/37
10/32
at
100.00
A1
1,599,412
19
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Massachusetts
(continued)
Massachusetts
Development
Finance
Agency,
Revenue
Bonds,
Wellforce
Issue,
Series
2019A:
$
590
5.000%,
7/01/31
1/29
at
100.00
BBB+
$
617,547
1,350
5.000%,
7/01/34
1/29
at
100.00
BBB+
1,403,258
3,885
Massachusetts
State,
General
Obligation
Bonds,
Consolidated
Loan,
Series
2017F,
5.000%,
11/01/44
11/27
at
100.00
AA+
4,122,373
Total
Massachusetts
9,478,186
Michigan
-
2.1%
Coldwater
Communiuty
Schools,
Branch
County,
Michigan,
General
Obligation
Bonds,
School
Building
&
Site
Series
2018:
510
5.000%,
5/01/41
5/28
at
100.00
AA
553,850
1,220
5.000%,
5/01/42
5/28
at
100.00
AA
1,323,505
5,000
Holly
Area
School
District,
Oakland
County,
Michigan,
General
Obligation
Bonds,
School
Building
&
Site,
Series
2022I,
5.250%,
5/01/48
5/32
at
100.00
AA
5,626,350
Kalamazoo
Hospital
Finance
Authority,
Michigan,
Hospital
Revenue
Bonds,
Bronson
Healthcare
Group,
Inc.,
Refunding
Series
2016:
95
5.000%,
5/15/26
No
Opt.
Call
A2
99,913
5
5.000%,
5/15/26,
(ETM)
No
Opt.
Call
N/R (5)
5,318
335
Kent
Hospital
Finance
Authority,
Michigan,
Revenue
Bonds,
Mary
Free
Bed
Rehabilitatin
Hospital,
Series
2021A,
4.000%,
4/01/36
4/31
at
100.00
A
338,521
1,000
Michigan
Finance
Authority,
Distributable
State
Aid
Revenue
Bonds,
Charter
County
of
Wayne
Criminal
Justice
Center
Project,
Senior
Lien
Series
2018,
5.000%,
11/01/43,
(UB)
(6)
11/28
at
100.00
Aa3
1,058,020
825
Michigan
Finance
Authority,
Hospital
Revenue
Bonds,
McLaren
Health
Care,
Refunding
Series
2015B,
5.000%,
5/15/34
5/25
at
100.00
AA-
850,352
Michigan
Finance
Authority,
Hospital
Revenue
Bonds,
Sparrow
Obligated
Group,
Refunding
Series
2022A:
3,600
5.000%,
11/15/33
11/32
at
100.00
A-
4,033,188
3,785
5.000%,
11/15/34
11/32
at
100.00
A-
4,211,872
3,975
5.000%,
11/15/35
11/32
at
100.00
A-
4,377,628
505
Michigan
Finance
Authority,
Public
School
Academy
Limited
Obligation
Revenue
Bonds,
Calvin
University,
Refunding
Series
2021,
5.000%,
9/01/36
9/31
at
100.00
A-
546,460
380
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
297,681
1,000
Michigan
Mathematics
&
Science
Initiative,
Michigan,
Public
School
Academy
Revenue
Bonds,
Series
2021,
4.000%,
1/01/51
1/31
at
100.00
BB+
784,440
5,000
Michigan
State,
Trunk
Line
Fund
Bonds,
Rebuilding
Michigan
Program,
Series
2021A,
4.000%,
11/15/44
11/31
at
100.00
AA+
4,976,950
2,200
Royal
Oak
Hospital
Finance
Authority,
Michigan,
Hospital
Revenue
Bonds,
William
Beaumont
Hospital
Obligated
Group,
Refunding
Series
2014D,
5.000%,
9/01/33,
(Pre-refunded
3/01/24)
3/24
at
100.00
AA (5)
2,228,886
Total
Michigan
31,312,934
Minnesota
-
1.3%
4,580
Forest
Lake,
Minnesota
Charter
School
Lease
Revenue
Bonds,
North
Lakes
Academy,
Refunding
Series
2021A,
5.000%,
7/01/41
7/31
at
100.00
N/R
4,205,265
585
Forest
Lake,
Minnesota,
Charter
School
Lease
Revenue
Bonds,
Lakes
International
Language
Academy,
Series
2014A,
4.500%,
8/01/26
5/23
at
102.00
BB+
583,736
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
20
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Minnesota
(continued)
Minneapolis,
Minnesota,
Health
Care
System
Revenue
Bonds,
Fairview
Health
Services,
Series
2015A:
$
1,380
5.000%,
11/15/28
11/25
at
100.00
BBB+
$
1,437,850
1,000
5.000%,
11/15/29
11/25
at
100.00
BBB+
1,041,150
1,000
5.000%,
11/15/30
11/25
at
100.00
BBB+
1,039,920
3,665
5.000%,
11/15/31
11/25
at
100.00
BBB+
3,806,982
1,750
Minneapolis-St.
Paul
Metropolitan
Airports
Commission,
Minnesota,
Airport
Revenue
Bonds,
Subordinate
Lien
Series
2022B,
5.000%,
1/01/37,
(AMT)
1/32
at
100.00
A+
1,903,685
1,000
Minnesota
Housing
Finance
Agency,
Residential
Housing
Finance
Bonds,
Series
2022M,
5.100%,
7/01/42
1/32
at
100.00
AA+
1,056,430
1,000
Ramsey,
Anoka
County,
Minnesota,
Lease
Revenue
Bonds,
PACT
Charter
School
Project, Series
2022A,
5.000%,
6/01/32
6/29
at
100.00
BB+
980,660
1,895
Saint
Paul
Housing
&
Redevelopment
Authority,
Minnesota,
Charter
School
Lease
Revenue
Bonds,
Community
of
Peace
Academy
Project,
Series
2019,
5.000%,
12/01/39
12/29
at
100.00
BBB-
1,908,606
400
Sauk
Rapids,
Minnesota,
Health
Care
and
Housing
Facilities
Revenue
Bonds,
Good
Shepherd
Luthran
Home,
Refunding
Series
2013,
4.000%,
1/01/24
5/23
at
100.00
N/R
394,004
750
St.
Paul
Housing
and
Redevelopment
Authority,
Minnesota,
Charter
School
Revenue
Bonds,
Higher
Ground
Academy
Charter
School,
Series
2023,
5.500%,
12/01/38
12/29
at
102.00
BB+
774,810
Total
Minnesota
19,133,098
Mississippi
-
0.9%
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
1,217,844
Mississippi
Hospital
Equipment
and
Facilities
Authority,
Revenue
Bonds,
Baptist
Memorial
Healthcare,
Series
2016A:
4,000
5.000%,
9/01/41
9/26
at
100.00
BBB+
4,060,000
8,500
5.000%,
9/01/46
9/26
at
100.00
BBB+
8,541,565
Total
Mississippi
13,819,409
Missouri
-
2.3%
1,000
Greene
County,
Missouri,
Certificates
of
Participation,
Capital
Projects,
Series
2018,
5.000%,
9/01/36
9/28
at
100.00
Aa2
1,097,890
1,960
Metropolitan
St.
Louis
Sewerage
District,
Missouri,
Wastewater
System
Revenue
Bonds,
Refunding
Improvement
Series
2022B,
5.250%,
5/01/52
5/32
at
100.00
AAA
2,200,747
4,000
Missouri
Development
Finance
Board,
Revenue
Bonds,
Zoo
Projects,
Series
2022,
5.500%,
5/01/42
5/32
at
100.00
AA-
4,500,560
1,030
Missouri
Health
and
Education
Facilities
Authority,
Health
Facilities
Revenue
Bonds,
Saint
Luke's
Health
System,
Inc.,
Series
2016,
5.000%,
11/15/24
No
Opt.
Call
A+
1,057,429
3,000
Missouri
Health
and
Educational
Facilities
Authority,
Health
Facilities
Revenue
Bonds,
BJC
Health
System,
Series
2015A,
4.000%,
1/01/45
1/25
at
100.00
AA
2,850,270
10,000
Missouri
Health
and
Educational
Facilities
Authority,
Health
Facilities
Revenue
Bonds,
Mercy
Health,
Series
2012,
4.000%,
11/15/42
5/23
at
100.00
A+
9,772,000
650
Missouri
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Lutheran
Senior
Services
Projects,
Series
2016B,
5.000%,
2/01/28
2/26
at
100.00
BBB
652,593
2,330
Orchard
Farm
R-V
School
District,
Saint
Charles
County,
Missouri,
Certificates
of
Participation,
Series
2022A,
5.250%,
4/01/39
4/29
at
100.00
A+
2,504,750
21
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Missouri
(continued)
$
2,200
Ozark
Reorganized
School
District
6,
Christian
County,
Missouri,
General
Obligation
Bonds,
School
Building
Series
2022,
6.000%,
3/01/42
-
AGM
Insured
9/32
at
100.00
AA
$
2,645,786
Saint
Charles
County
Public
Water
Supply
District
2,
Missouri,
Certificates
of
Participation,
Missouri
Project
Series
2019:
430
4.000%,
12/01/37
12/25
at
100.00
AA+
434,468
850
4.000%,
12/01/38
12/25
at
100.00
AA+
857,165
253
Saint
Louis,
Missouri,
Tax
Increment
Financing
Revenue
Notes,
Marquette
Building
Redevelopment
Project,
Series
2008-A,
6.500%,
1/23/28
5/23
at
100.00
N/R
129,030
510
Taney
County
Industrial
Development
Authority,
Missouri,
Sales
Tax
Revenue
Improvement
Bonds,
Big
Cedar
Infrastructure
Project
Series
2023,
6.000%,
10/01/49,
144A
10/30
at
100.00
N/R
503,314
1,500
Transportation
Development
District,
Missouri,
Transportation
Sales
Tax
Revenue
Bonds,
Series
2017,
4.500%,
6/01/36
6/26
at
100.00
BBB
1,471,305
2,500
Universal
City
Industrial
Development
Authority,
Missouri,
Revenue
Bonds,
Tax
Increment
and
Special
District
Markets
at
Olive
Project
Series
2023A,
4.875%,
6/15/36
6/33
at
100.00
N/R
2,502,825
600
Wright
City
School
District
R-II,
Warren
County,
Missouri,
General
Obligation
Bonds,
School
Building
Series
2022,
6.000%,
3/01/42
-
AGM
Insured
9/32
at
100.00
AA
724,776
Total
Missouri
33,904,908
Montana
-
1.0%
Montana
Facility
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
709,945
1,255
5.000%,
6/01/37
6/28
at
100.00
A
1,306,430
5,000
Montana
Facility
Finance
Authority,
Revenue
Bonds,
Billings
Clinic
Obligated
Group,
Series
2018A,
5.000%,
8/15/48
8/28
at
100.00
AA-
5,152,350
2,685
Montana
State
Board
of
Regents
of
Higher
Education,
Facilities
Improvement
Revenue
Bonds,
Montana
State
University,
Series
2018E,
5.000%,
11/15/43
11/27
at
100.00
Aa3
2,880,522
1,470
Montana
State
Board
of
Regents
of
Higher
Education,
General
Revenue
Bonds,
Series
2022,
5.250%,
11/15/52
-
AGM
Insured
11/32
at
100.00
AA
1,632,067
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
3,311,018
Total
Montana
14,992,332
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-
1,106,561
1,070
5.000%,
11/15/37
5/27
at
100.00
AA-
1,129,053
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
937,818
2,000
Douglas
County
Nebraska,
Sanitary
and
Improvement,
District
Number
608,
General
Obligation
Bonds,
North
Streams,
Series
2022,
6.000%,
12/15/37
6/27
at
100.00
N/R
1,916,440
Madison
County
Hospital
Authority
1,
Nebraska,
Hospital
Revenue
Bonds,
Faith
Regional
Health
Services
Project,
Refunding
Series
2017A:
1,765
5.000%,
7/01/25
No
Opt.
Call
BBB
1,804,924
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
22
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Nebraska
(continued)
$
1,000
5.000%,
7/01/27
No
Opt.
Call
BBB
$
1,052,360
1,500
5.000%,
7/01/28
7/27
at
100.00
BBB
1,574,160
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
540,635
600
Omaha
Airport
Authority,
Nebraska,
Airport
Facilities
Revenue
Refunding
Bonds,
Series
2017A,
5.000%,
12/15/34,
(AMT)
12/26
at
100.00
AA-
628,200
1,000
Omaha
Public
Power
District,
Nebraska,
Electric
System
Revenue
Bonds,
Series
2017A,
5.000%,
2/01/42
12/27
at
100.00
AA
1,071,180
2,800
Southeast
Community
College
Area,
Nebraska,
Certificates
of
Participation,
Series
2018,
5.000%,
12/15/47
6/28
at
100.00
Aa1
3,021,844
Total
Nebraska
14,783,175
Nevada
-
0.8%
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-
536,431
1,000
5.000%,
9/01/33
9/27
at
100.00
A-
1,060,420
4,000
Clark
County,
Nevada Airport
Revenue
Bonds,
Senior
Series
2015A,
5.000%,
7/01/40
7/25
at
100.00
Aa2
4,116,200
2,000
Clark
County,
Nevada,
Airport
Revenue
Bonds,
Jet
Aviation
Fuel
Tax,
Refunding
Series
2022A,
5.000%,
7/01/26,
(AMT)
No
Opt.
Call
A1
2,091,940
115
Clark
County,
Nevada,
Airport
Revenue
Bonds,
Refunding
Subordinate
Lien
Series
2019D,
5.000%,
7/01/25
No
Opt.
Call
Aa3
120,353
1,370
Clark
County,
Nevada,
Passenger
Facility
Charge
Revenue
Bonds,
Las
Vegas-McCarran
International
Airport,
Refunding
Series
2017B,
5.000%,
7/01/24,
(AMT)
No
Opt.
Call
Aa3
1,392,057
Las
Vegas,
Nevada,
Local
Improvement
Bonds,
Special
Improvement
District
812
Summerlin
Village
24,
Series
2015:
1,140
4.000%,
12/01/23
No
Opt.
Call
N/R
1,140,547
910
4.250%,
12/01/24
No
Opt.
Call
N/R
913,149
440
Las
Vegas,
Nevada,
Local
Improvement
Bonds,
Special
Improvement
District
814
Summerlin
Village
21&
24A,
Series
2019,
3.250%,
6/01/24
No
Opt.
Call
N/R
434,289
Total
Nevada
11,805,386
New
Hampshire
-
0.7%
580
New
Hampshire
Health
and
Education
Facilities
Authority,
Revenue
Bonds,
Catholic
Medical
Center,
Series
2012,
5.000%,
7/01/27
5/23
at
100.00
BBB+
580,638
New
Hampshire
Health
and
Education
Facilities
Authority,
Revenue
Bonds,
Catholic
Medical
Center,
Series
2017:
3,145
5.000%,
7/01/35
7/27
at
100.00
BBB+
3,248,345
1,950
5.000%,
7/01/37
7/27
at
100.00
BBB+
1,987,011
670
5.000%,
7/01/44
7/27
at
100.00
BBB+
649,618
4,055
New
Hampshire
Health
and
Education
Facilities
Authority,
Revenue
Bonds,
Concord
Hospital,
Series
2017,
5.000%,
10/01/42
10/27
at
100.00
AA-
4,203,859
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
168,914
Total
New
Hampshire
10,838,385
23
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
New
Jersey
-
2.3%
$
2,000
Camden
County
Improvement
Authority,
New
Jersey,
Health
Care
Redevelopment
Revenue
Bonds,
Cooper
Health
System
Obligated
Group
Issue,
Refunding
Series
2014A,
5.000%,
2/15/28
2/24
at
100.00
A-
$
2,018,400
500
Delaware
River
Port
Authority,
Pennsylvania
and
New
Jersey,
Revenue
Refunding
Bonds,
Port
District
Project,
Series
2022,
5.000%,
1/01/24
No
Opt.
Call
A
505,725
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-
460,317
485
5.000%,
7/15/24
No
Opt.
Call
BBB-
488,293
510
5.000%,
7/15/25
No
Opt.
Call
BBB-
518,991
535
5.000%,
7/15/26
No
Opt.
Call
BBB-
549,975
560
5.000%,
7/15/27
No
Opt.
Call
BBB-
582,109
5,300
New
Jersey
Economic
Development
Authority,
New
Jersey,
Transit
Transportation
Project
Revenue
Bonds,
Portal
North
Bridge
Project
Series
2022A,
5.000%,
11/01/37
11/32
at
100.00
A2
5,861,959
1,000
New
Jersey
Economic
Development
Authority,
School
Facilities
Construction
Bonds,
Refunding
Series
2015XX,
5.000%,
6/15/25
No
Opt.
Call
A2
1,034,840
New
Jersey
Economic
Development
Authority,
Special
Facility
Revenue
Bonds,
Port
Newark
Container
Terminal
LLC
Project,
Refunding
Series
2017:
1,525
5.000%,
10/01/23,
(AMT)
No
Opt.
Call
Baa2
1,530,094
1,800
5.000%,
10/01/24,
(AMT)
No
Opt.
Call
Baa2
1,819,242
1,000
5.000%,
10/01/37,
(AMT)
10/27
at
100.00
Baa2
1,004,670
5,000
New
Jersey
Health
Care
Facilities
Financing
Authority,
State
Contract
Bonds,
Hospital
Asset
Transformatiom
Program,
Refunding
Series
2017,
5.000%,
10/01/29
4/28
at
100.00
A2
5,407,250
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+
2,362,395
1,700
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
Program
Bonds,
Series
2022CC,
5.250%,
6/15/36
12/32
at
100.00
A2
1,939,309
1,700
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2009C,
5.250%,
6/15/32
12/24
at
100.00
A2
1,756,423
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2013AA:
330
5.250%,
6/15/33
6/23
at
100.00
A2
330,802
645
5.000%,
6/15/36
6/23
at
100.00
A2
645,967
200
New
Jersey
Transportation
Trust
Fund
Authority,
Transportation
System
Bonds,
Series
2015AA,
5.250%,
6/15/32
6/25
at
100.00
A2
208,622
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
A3
2,199,246
1,300
5.000%,
1/01/35,
(AMT)
1/28
at
100.00
A3
1,354,899
1,250
5.000%,
1/01/36,
(AMT)
1/28
at
100.00
A3
1,293,138
Total
New
Jersey
33,872,666
New
York
-
5.9%
400
Buffalo
and
Erie
County
Industrial
Land
Development
Corporation,
New
York,
Revenue
Bonds,
Catholic
Health
System,
Inc.
Project,
Series
2015,
5.000%,
7/01/27
7/25
at
100.00
B-
373,540
Build
New
York
City
Resource
Corporation,
New
York,
Revenue
Bonds,
Academic
Leadership
Charter
School,
Series
2021:
310
4.000%,
6/15/26
No
Opt.
Call
BBB-
308,661
300
4.000%,
6/15/28
No
Opt.
Call
BBB-
300,144
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
24
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
New
York
(continued)
$
400
Build
New
York
City
Resource
Corporation,
New
York,
Revenue
Bonds,
Global
Community
Charter
School
Project,
Series
2022A,
4.000%,
6/15/32
No
Opt.
Call
BB+
$
384,576
Build
New
York
Resource
Corporation
Revenue
Bonds,
East
Harlem
Scholars
Academy
Charter
School
Project,
Series
2022
(Social
Bonds):
400
5.000%,
6/01/32,
144A
6/30
at
100.00
BB+
406,416
1,250
5.750%,
6/01/42,
144A
6/30
at
100.00
BB+
1,286,500
250
Build
NYC
Resource
Corporation,
New
York,
Revenue
Bonds,
Richmond
Preparatory
Charter
School
Project,
Social
Impact
Project
Series
2021A,
4.000%,
6/01/31,
144A
6/29
at
100.00
N/R
233,855
1,335
Dormitory
Authority
of
the
State
of
New
York,
Columbia
University
Revenue
Bonds,
Series
2020A,
5.000%,
10/01/50
No
Opt.
Call
AAA
1,587,315
Dormitory
Authority
of
the
State
of
New
York,
General
Revenue
Bonds,
Barnard
College,
Series
2022A:
785
5.000%,
7/01/37
7/30
at
100.00
A3
838,301
500
5.000%,
7/01/38
7/30
at
100.00
A3
530,740
1,250
Dormitory
Authority
of
the
State
of
New
York,
General
Revenue
Bonds,
Yeshiva
University,
Series
2022A,
5.000%,
7/15/32
No
Opt.
Call
BBB-
1,362,325
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Catholic
Health
System
Obligated
Group
Series
2019A:
725
5.000%,
7/01/32
7/29
at
100.00
B-
634,752
525
5.000%,
7/01/34
7/29
at
100.00
B-
450,009
925
4.000%,
7/01/38
7/29
at
100.00
B-
685,166
800
5.000%,
7/01/41
7/29
at
100.00
B-
658,256
2,535
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Montefiore
Obligated
Group,
Series
2018A,
5.000%,
8/01/25
No
Opt.
Call
BBB-
2,527,116
470
Dormitory
Authority
of
the
State
of
New
York,
Revenue
Bonds,
Montefiore
Obligated
Group,
Series
2020A,
5.000%,
9/01/28
No
Opt.
Call
BBB-
467,664
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-
306,705
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
1,291,122
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
4,803,705
1,575
Liberty
Development
Corporation,
New
York,
Goldman
Sachs
Headquarter
Revenue
Bonds,
Series
2005,
5.250%,
10/01/35
No
Opt.
Call
A2
1,809,565
580
Liberty
Development
Corporation,
New
York,
Goldman
Sachs
Headquarters
Revenue
Bonds
Series
2007,
5.500%,
10/01/37
No
Opt.
Call
A2
668,949
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
1,470,569
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
1,032,740
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
2,173,220
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+
975,042
1,975
Monroe
County
Industrial
Development
Corporation,
New
York,
Revenue
Bonds,
Rochester
General
Hospital
Project,
Series
2017,
5.000%,
12/01/46
12/26
at
100.00
BBB+
1,982,169
25
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
New
York
(continued)
Monroe
County
Industrial
Development
Corporation,
New
York,
Revenue
Bonds,
Rochester
Regional
Health
Project,
Series
2020A:
$
600
5.000%,
12/01/24
No
Opt.
Call
BBB+
$
611,244
750
5.000%,
12/01/25
No
Opt.
Call
BBB+
775,350
2,260
Nassau
County
Tobacco
Settlement
Corporation,
New
York,
Tobacco
Settlement
Asset-Backed
Bonds,
Refunding
Series
2006A-2,
5.250%,
6/01/26
2006
1
5/23
at
100.00
CCC+
2,226,007
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
1,288,588
370
5.000%,
7/01/32
7/25
at
100.00
BBB
382,698
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+
5,194,950
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
3,170,700
2,500
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
Series
2023B-1,
5.250%,
11/01/36
11/32
at
100.00
AAA
2,975,700
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
Series
2023D-1:
1,500
5.250%,
11/01/37
11/32
at
100.00
AAA
1,769,280
5,000
5.500%,
11/01/45
11/32
at
100.00
AAA
5,772,350
10,000
New
York
City
Transitional
Finance
Authority,
New
York,
Future
Tax
Secured
Bonds,
Subordinate
Fiscal
Series
2023E-1,
5.000%,
11/01/40
5/33
at
100.00
AAA
11,364,600
New
York
Counties
Tobacco
Trust
VI,
New
York,
Tobacco
Settlement
Pass-Through
Bonds,
Series
Series
2016B:
540
5.000%,
6/01/29
6/26
at
100.00
A
560,876
250
5.000%,
6/01/31
6/26
at
100.00
A
259,668
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
2,759,685
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,
Subordinated
SRF
Series
2017E,
5.000%,
6/15/42
6/27
at
100.00
AAA
3,207,750
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
N/R (5)
559,990
1,000
5.500%,
4/15/35,
(ETM)
No
Opt.
Call
N/R (5)
1,243,970
5,000
New
York
Transportation
Development
Corporation,
New
York,
Special
Facility
Revenue
Bonds,
Terminal
4
John
F
Kennedy
International
Airport
Project,
Series
2022,
5.000%,
12/01/30,
(AMT)
No
Opt.
Call
Baa1
5,459,000
2,500
Port
Authority
of
New
York
and
New
Jersey,
Consolidated
Revenue
Bonds,
One
Hundred
Seventy
Eighth
Series
2013,
5.000%,
12/01/27,
(AMT)
12/23
at
100.00
AA-
2,516,700
600
Poughkeepsie
City,
New
York,
General
Obligation
Bonds,
Refunding
Public
Improvement
Series
2019.,
5.000%,
6/01/31
6/26
at
100.00
Ba1
628,794
750
Schenectady
County
Capital
Resource
Corporation,
New
York,
Revenue
Bonds,
Union
College
Project,
Series
2022,
5.250%,
7/01/52
7/32
at
100.00
A1
816,667
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-
276,554
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
26
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
New
York
(continued)
$
465
Yonkers
Economic
Development
Corporation,
New
York,
Educational
Revenue
Bonds,
Lamartine/Warburton
LLC-Charter
School
of
Educational
Excellence
Project,
Series
2019A,
5.000%,
10/15/54
10/29
at
100.00
N/R
$
413,915
915
Yonkers
Industrial
Development
Agency,
New
York,
School
Facility
Revenue
Bonds,
New
Community
School
Project
Series
2022,
5.250%,
5/01/51
5/32
at
100.00
AA
1,012,136
1,155
Yonkers,
New
York,
General
Obligation
Bonds,
Serial
Series
2022F,
5.000%,
11/15/38
-
BAM
Insured
11/32
at
100.00
AA
1,314,171
Total
New
York
86,110,465
North
Carolina
-
1.8%
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
1,029,370
1,000
5.000%,
7/01/47,
(AMT)
7/27
at
100.00
Aa3
1,023,140
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
4,223,494
Greater
Asheville
Regional
Airport
Authority,
North
Carolina,
Airport
System
Revenue
Bonds,
Series
2022A:
750
5.000%,
7/01/27
-
AGM
Insured,
(AMT)
No
Opt.
Call
AA
794,025
1,300
5.250%,
7/01/39
-
AGM
Insured,
(AMT)
7/32
at
100.00
AA
1,423,526
Greater
Asheville
Regional
Airport
Authority,
North
Carolina,
Airport
System
Revenue
Bonds,
Series
2023:
430
5.250%,
7/01/41
(WI/DD,
Settling
5/16/23)
No
Opt.
Call
AA
469,208
1,090
5.250%,
7/01/42
(WI/DD,
Settling
5/16/23)
No
Opt.
Call
AA
1,183,392
620
5.250%,
7/01/43
(WI/DD,
Settling
5/16/23)
No
Opt.
Call
AA
671,632
2,500
North
Carolina
Medical
Care
Commission,
Health
Care
Facilities
Revenue
Bonds,
Lutheran
Services
for
the
Aging,
Series
2021A,
4.000%,
3/01/51
3/28
at
103.00
N/R
1,710,050
750
North
Carolina
Medical
Care
Commission,
Retirement
Facilities
First
Mortgage
Revenue
Bonds,
United
Methodist
Retirement
Homes,
Refunding
Series
2017A,
5.000%,
10/01/37,
(Pre-refunded
10/01/23)
10/23
at
103.00
BBB (5)
777,502
2,350
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
2,480,589
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
3,794,630
North
Carolina
Turnpike
Authority,
Triangle
Expressway
System
Revenue
Bonds,
Senior
Lien
Series
2019:
1,500
5.000%,
1/01/44
1/30
at
100.00
BBB
1,562,925
500
5.000%,
1/01/49
1/30
at
100.00
Aa1
516,705
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
1,175,612
1,750
5.000%,
5/01/32,
(AMT)
5/27
at
100.00
Aa3
1,852,638
1,135
5.000%,
5/01/33,
(AMT)
5/27
at
100.00
Aa3
1,200,773
Total
North
Carolina
25,889,211
North
Dakota
-
0.4%
3,290
City
of
Horace,
North
Dakota,
Temporary
Refunding
Improvement
Bonds,
Series
2022A,
3.250%,
8/01/24
8/23
at
100.00
Baa2
3,231,306
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-
1,425,360
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
BB+
1,418,131
Total
North
Dakota
6,074,797
27
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Ohio
-
2.2%
$
5,000
$280,000,000,
Count
of
Washington,
Ohio,
Hospital
Facilities
Revenue
Bonds,
Series
2022,
(Memorial
Health
System
Obligated
Group),
6.375%,
12/01/37
12/32
at
100.00
N/R
$
5,086,100
City
of
Elyria,
Ohio,
General
Obligation
Various
Purpose
Bonds,
Series
2018:
1,315
5.000%,
12/01/39,
(Pre-refunded
6/01/23)
-
BAM
Insured
6/23
at
100.00
AA (5)
1,316,815
3,045
5.000%,
12/01/43,
(Pre-refunded
6/01/23)
-
BAM
Insured
6/23
at
100.00
AA (5)
3,049,202
Cleveland,
Ohio,
Income
Tax
Revenue
Bonds,
Bridges
&
Roadways
Improvements,
Subordinate
Lien
Series
2015A-2:
335
5.000%,
10/01/37,
(Pre-refunded
10/01/23)
10/23
at
100.00
AA+ (5)
337,509
115
5.000%,
10/01/37,
(Pre-refunded
10/01/23)
10/23
at
100.00
N/R (5)
115,790
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
940,522
1,000
Dayton,
Ohio,
Water
System
Revenue
Bonds,
Series
2022,
5.500%,
12/01/42
12/30
at
100.00
Aa2
1,134,140
2,000
Franklin
County,
Ohio,
Hospital
Facilities
Revenue
Bonds,
OhioHealth
Corporation,
Series
2015,
5.000%,
5/15/35
5/25
at
100.00
AA+
2,068,700
Franklin
County,
Ohio,
Sales
Tax
Revenue
Bonds,
Various
Purpose
Series
2018:
2,250
5.000%,
6/01/36
6/28
at
100.00
AAA
2,464,200
2,250
5.000%,
6/01/37
6/28
at
100.00
AAA
2,439,832
550
Muskingum
County,
Ohio,
Hospital
Facilities
Revenue
Bonds,
Genesis
HealthCare
System
Obligated
Group
Project,
Series
2013,
5.000%,
2/15/27
5/23
at
100.00
BB+
550,149
5,000
New
Albany
Plain
Local
Joint
Park
District,
Franklin
and
Licking
Counties,
Ohio,
General
Obligation
Bonds,
Park
Facilities
Series
2023,
5.500%,
12/01/48
-
BAM
Insured
12/32
at
100.00
AA
5,699,900
1,150
Ohio
Air
Quality
Development
Authority,
Ohio,
Pollution
Control
Revenue
Bonds,
FirstEnergy
Generation
Corporation
Project,
Refunding
Series
2009D,
3.375%,
8/01/29,
(Mandatory
Put
9/15/21)
No
Opt.
Call
BBB-
1,047,155
Ohio
Higher
Educational
Facility
Commission,
Revenue
Bonds,
Kenyon
College,
Series
2017:
500
5.000%,
7/01/34
7/27
at
100.00
A
533,020
495
5.000%,
7/01/42
7/27
at
100.00
A
514,330
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+
2,671,275
1,575
Ohio
State,
Major
New
State
Infrastructure
Project
Revenue
Bonds,
Series
2022-1,
5.000%,
12/15/23
No
Opt.
Call
AA
1,593,333
Total
Ohio
31,561,972
Oklahoma
-
0.6%
Clinton
Public
Works
Authority, Oklahoma,
Educational
Facilities,
Lease
Revenue
Bonds,
Series
2022:
2,145
5.000%,
10/01/33
10/32
at
100.00
A-
2,390,560
1,925
5.000%,
10/01/35
10/32
at
100.00
A-
2,108,067
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-
2,137,460
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-
551,125
750
Oklahoma
Development
Finance
Authority,
Health
System
Revenue
Bonds,
OU
Medicine
Project,
Taxable
Series
2022,
5.500%,
8/15/37
8/32
at
100.00
N/R
722,460
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
28
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Oklahoma
(continued)
$
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-
$
1,428,403
Total
Oklahoma
9,338,075
Oregon
-
0.3%
950
Clatsop
County,
Oregon,
General
Obligation
Bonds,
Series
2019,
5.000%,
6/15/38
6/29
at
100.00
Aa2
1,049,683
50
Oregon
Special
Districts
Association,
Certificates
of
Participation,
Flexlease
Program,
Series
2013A,
4.000%,
1/01/24
7/23
at
100.00
N/R
50,018
West
Linn,
Oregon,
General
Obligation
Bonds,
Series
2023:
1,530
4.000%,
6/01/41
6/32
at
100.00
AA+
1,546,478
1,465
4.000%,
6/01/43
6/32
at
100.00
AA+
1,470,538
Total
Oregon
4,116,717
Pennsylvania
-
2.5%
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
101,852
Berks
County
Industrial
Development
Authority,
Pennsylvania,
Health
System
Revenue
Bonds,
Tower
Health
Project,
Series
2017:
650
5.000%,
11/01/24
No
Opt.
Call
B
488,371
710
5.000%,
11/01/29
11/27
at
100.00
B
440,058
50
5.000%,
11/01/37
11/27
at
100.00
B
30,953
160
4.000%,
11/01/47
11/27
at
100.00
B
80,563
Berks
County
Municipal
Authority,
Pennsylvania,
Revenue
Bonds,
Reading
Hospital
&
Medical
Center
Project,
Series
2012A:
1,300
5.000%,
11/01/40
5/23
at
100.00
B
804,570
1,155
5.000%,
11/01/44
5/23
at
100.00
B
714,656
Delaware
County
Authority,
Pennsylvania,
Revenue
Bonds,
Elwyn,
Inc.
Project,
Series
2017:
1,750
5.000%,
6/01/32
6/25
at
102.00
BB+
1,639,225
1,760
5.000%,
6/01/37
6/25
at
102.00
BB+
1,578,703
1,350
Doylestown
Hospital
Authority,
Pennsylvania,
Hospital
Revenue
Bonds,
Series
2019A,
5.000%,
7/01/49
7/29
at
100.00
B3
1,065,636
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
3,846,240
Pennsylvania
Economic
Development
Financing
Authority,
Pennsylvania,
Private
Activity
Revenue
Bonds,
The
PennDOT
Major
Bridges
Package
One
Project,
Series
2022:
6,000
5.000%,
6/30/33,
(AMT)
12/32
at
100.00
Baa2
6,705,120
5,000
5.250%,
6/30/36,
(AMT)
12/32
at
100.00
Baa2
5,488,000
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
941,640
500
Pennsylvania
Economic
Development
Financing
Authority,
Revenue
Bonds,
University
of
Pittsburgh
Medical
Center,
Series
2022A,
5.000%,
2/15/36
2/32
at
100.00
A
558,460
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
2,317,068
2,500
Pennsylvania
Turnpike
Commission,
Turnpike
Revenue
Bonds,
Series
2022B,
5.250%,
12/01/47
12/32
at
100.00
AA-
2,752,000
29
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Pennsylvania
(continued)
$
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
$
1,921,235
1,500
Philadelphia,
Pennsylvania,
Airport
Revenue
Bonds,
Refunding
Series
2015A,
5.000%,
6/15/26,
(AMT)
6/25
at
100.00
A2
1,536,030
3,000
Philadelphia,
Pennsylvania,
Airport
Revenue
Bonds,
Refunding
Series
2017B,
5.000%,
7/01/35,
(AMT)
7/27
at
100.00
A2
3,127,710
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
747,214
Total
Pennsylvania
36,885,304
Rhode
Island
-
0.6%
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
1,553,355
1,060
Rhode
Island
Health
and
Educational
Building
Corporation,
Higher
Education
Facility
Revenue
Bonds,
University
of
Rhode
Island
Auxiliary
Enterprise,
Refunding
Series
2017B,
4.000%,
9/15/34
9/27
at
100.00
A+
1,076,716
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+
1,543,170
2,200
5.000%,
5/15/31
5/26
at
100.00
BBB+
2,261,886
1,900
Rhode
Island
Student
Loan
Authority,
Student
Loan
Program
Revenue
Bonds,
Senior
Series
2018A,
5.000%,
12/01/24,
(AMT)
No
Opt.
Call
AA
1,940,584
Total
Rhode
Island
8,375,711
South
Carolina
-
1.1%
Charleston
County
Airport
District,
South
Carolina,
Airport
Revenue
Bonds,
Series
2019:
1,000
5.000%,
7/01/36
7/29
at
100.00
A+
1,098,310
800
5.000%,
7/01/37
7/29
at
100.00
A+
873,232
750
Horry
County,
South
Carolina,
Limited
Obligation
Bonds,
Hospitality
Fee
&
Local
Accommodations
Fee
Pledge,
Series
2022,
5.000%,
9/01/39
9/32
at
100.00
AA
837,570
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-
3,101,851
South
Carolina
Jobs-Economic
Development
Authority,
Economic
Development
Revenue
Bonds,
York
Preparatory
Academy
Project,
Series
2014A:
40
5.750%,
11/01/23,
(ETM),
144A
No
Opt.
Call
N/R (5)
40,432
180
7.000%,
11/01/33,
(Pre-refunded
11/01/24),
144A
11/24
at
100.00
N/R (5)
189,353
South
Carolina
State
Ports
Authority,
Revenue
Bonds,
Series
2015:
785
5.000%,
7/01/33,
(Pre-refunded
7/01/25),
(AMT)
7/25
at
100.00
A+ (5)
811,337
2,625
5.250%,
7/01/55,
(Pre-refunded
7/01/25),
(AMT)
7/25
at
100.00
A1 (5)
2,726,640
South
Carolina
State
Ports
Authority,
Revenue
Bonds,
Series
2018:
2,840
5.000%,
7/01/34,
(AMT)
7/28
at
100.00
A+
3,045,247
450
5.000%,
7/01/48,
(AMT)
7/28
at
100.00
A+
462,384
870
South
Island
Public
Service
District,
South
Carolina,
Waterworks
and
Sewer
System
Revenue
Bonds,
Improvement
Series
2022,
5.250%,
4/01/42
4/32
at
100.00
AA+
977,071
1,495
Spartanburg
County
School
District
7,
South
Carolina,
General
Obligation
Bonds,
Series
2018B,
5.000%,
3/01/38
3/29
at
100.00
Aa1
1,640,912
Total
South
Carolina
15,804,339
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
30
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
South
Dakota
-
1.1%
$
1,555
Baltic
School
District
No.
49-1,
South
Dakota,
General
Obligation
Bonds,
Series
2022,
5.500%,
12/01/51
-
AGM
Insured
12/31
at
100.00
AA
$
1,739,330
1,960
Brandon,
Minnehaha
County,
South
Dakota,
Water
Surcharge
Revenue
Bonds,
Series
2022,
5.500%,
8/01/47
-
BAM
Insured
8/32
at
100.00
AA
2,253,216
South
Dakota
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Avera
Health,
Refunding
Series
2017:
1,000
5.000%,
7/01/35
7/27
at
100.00
AA-
1,067,140
8,000
4.000%,
7/01/42
7/27
at
100.00
AA-
7,727,280
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
AA-
2,862,660
Total
South
Dakota
15,649,626
Tennessee
-
0.8%
2,050
Chattanooga
Health,
Educational
and
Housing
Facility
Board,
Tennessee,
Revenue
Bonds,
CommonSpirit
Health,
Series
2019A-2,
5.000%,
8/01/49
8/29
at
100.00
A-
2,091,185
1,420
Greeneville
Health
and
Educational
Facilities
Board,
Tennessee,
Hospital
Revenue
Bonds,
Ballad
Health,
Series
2018A,
5.000%,
7/01/37
7/28
at
100.00
A
1,496,183
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
1,472,688
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
A
863,872
1,500
Metropolitan
Government
of
Nashville-Davidson
County,
Tennessee,
Water
and
Sewerage
Revenue
Bonds,
Series
2013,
5.000%,
7/01/40,
(Pre-refunded
7/01/23)
7/23
at
100.00
AA (5)
1,504,275
Metropolitan
Nashville
Airport
Authority,
Tennessee,
Airport
Improvement
Revenue
Bonds,
Series
2022A:
1,100
5.250%,
7/01/34,
(AMT)
7/32
at
100.00
A1
1,253,571
1,300
5.500%,
7/01/37,
(AMT),
(UB)
(6)
7/32
at
100.00
A1
1,470,300
1,350
Metropolitan
Nashville
Airport
Authority,
Tennessee,
Airport
Revenue
Bonds,
Improvement
Series
2015B,
5.000%,
7/01/32,
(AMT)
7/25
at
100.00
AA-
1,391,188
500
Metropolitan
Nashville
Airport
Authority,
Tennessee,
Airport
Revenue
Bonds,
Subordinate
Series
2019A,
5.000%,
7/01/29
No
Opt.
Call
A2
566,225
Total
Tennessee
12,109,487
Texas
-
7.7%
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
1,656,710
685
Arlington
Higher
Education
Finance
Corporation,
Texas,
Education
Revenue
Bonds,
Legacy
Traditional
Schools
-
Texas
Project,
Refunding
Series
2022A,
6.000%,
2/15/42,
144A
2/30
at
100.00
N/R
653,058
915
Arlington
Higher
Education
Finance
Corporation,
Texas,
Education
Revenue
Bonds,
Uplift
Education,
Series
2016A,
2.750%,
12/01/26
No
Opt.
Call
BBB-
877,805
Austin
Convention
Enterprises
Inc.,
Texas,
Convention
Center
Hotel
Revenue
Bonds,
Refunding
First
Tier
Series
2017A:
500
5.000%,
1/01/32
1/27
at
100.00
BB+
515,760
500
5.000%,
1/01/33
1/27
at
100.00
BB+
515,145
500
Austin
Independent
School
District,
Travis
County,
Texas,
General
Obligation
Bonds,
School
Building
Series
2023,
4.000%,
8/01/48
2/33
at
100.00
Aaa
497,840
31
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Texas
(continued)
$
890
Austin,
Texas,
Airport
System
Revenue
Bonds,
Series
2017A,
5.000%,
11/15/35
11/26
at
100.00
A+
$
940,160
4,300
Austin,
Texas,
Water
and
Wastewater
System
Revenue
Bonds,
Refunding
Forward
Delivery
Series
2023,
5.000%,
11/15/42
5/33
at
100.00
AA
4,833,415
Central
Texas
Regional
Mobility
Authority,
Revenue
Bonds,
Senior
Lien,
Series
2015A:
360
5.000%,
1/01/35,
(Pre-refunded
7/01/25)
7/25
at
100.00
A- (5)
375,603
1,695
5.000%,
1/01/40,
(Pre-refunded
7/01/25)
7/25
at
100.00
A- (5)
1,768,461
550
City
of
Midlothian,
Texas,
Westside
Preserve
Public
Improvement
District
Improvement
Area
#1
Project,
Special
Assessment
Revenue
Bonds,
Series
2022,
5.250%,
9/15/42,
144A
9/32
at
100.00
N/R
529,265
505
Clifton
Higher
Education
Finance
Corporation,
Texas,
Education
Revenue
Bonds,
Idea
Public
Schools,
Series
2022A,
5.000%,
8/15/31
No
Opt.
Call
A-
563,317
3,740
Dallas
Area
Rapid
Transit,
Texas,
Sales
Tax
Revenue
Bonds,
Refunding
&
Improvement
Senior
Lien
Series
2021B,
4.000%,
12/01/51
12/30
at
100.00
AA+
3,632,400
5,345
Dallas
Area
Rapid
Transit,
Texas,
Sales
Tax
Revenue
Bonds,
Refunding
Series
2016A,
5.000%,
12/01/41,
(Pre-refunded
12/01/25)
12/25
at
100.00
AA+ (5)
5,628,125
1,000
Dallas
County
Community
College
District,
Texas,
General
Obligation
Bonds,
Series
2023,
5.000%,
2/15/36
8/25
at
100.00
AAA
1,044,150
3,055
Dallas
Fort
Worth
International
Airport,
Texas,
Joint
Revenue
Bonds,
Refunding
Series
2022B,
5.000%,
11/01/40
11/32
at
100.00
A+
3,412,099
710
Decatur
Hospital
Authority,
Texas,
Revenue
Bonds,
Wise
Regional
Health
System,
Series
2013A,
6.625%,
9/01/31,
(Pre-refunded
9/01/23)
9/23
at
100.00
N/R (5)
717,214
Decatur
Hospital
Authority,
Texas,
Revenue
Bonds,
Wise
Regional
Health
System,
Series
2021B:
70
5.000%,
9/01/24
No
Opt.
Call
BB+
70,334
75
5.000%,
9/01/25
No
Opt.
Call
BB+
75,220
276
Decatur
Hospital
Authority,
Texas,
Revenue
Bonds,
Wise
Regional
Health
System,
Series
2021C,
4.000%,
9/01/44
9/31
at
100.00
BB+
220,289
Hackberry,
Texas,
Combination
Special
Assessment
and
Contract
Revenue
Road
and
Utility
Bonds,
Hidden
Cove
Improvement
District
2,
Series
2017:
1,230
4.500%,
9/01/32
9/27
at
100.00
BBB-
1,242,288
955
4.500%,
9/01/32
9/27
at
100.00
BBB-
964,540
2,500
Harris
County
Cultural
Education
Facilities
Finance
Corporation,
Texas,
Hospital
Revenue
Bonds,
Memorial
Hermann
Health
System,
Series
2019A,
5.000%,
12/01/23
No
Opt.
Call
A+
2,521,725
1,250
Harris
County
Flood
Control
District,
Texas,
General
Obligation
Bonds,
Refunding
Improvement, Sustainability
Green
Series
2022A,
5.250%,
10/01/40
10/32
at
100.00
Aaa
1,433,838
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
2,821,271
2,000
5.000%,
7/01/35,
(AMT)
7/28
at
100.00
A1
2,127,720
1,750
5.000%,
7/01/36,
(AMT)
7/28
at
100.00
A1
1,849,418
Houston,
Texas,
Airport
System
Revenue
Bonds,
Refunding
&
Subordinate
Lien
Series
2018C:
1,240
5.000%,
7/01/24,
(AMT)
No
Opt.
Call
A1
1,255,723
1,665
5.000%,
7/01/32,
(AMT)
7/28
at
100.00
AA
1,788,443
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
1,440,698
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
32
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Texas
(continued)
$
4,220
Lake
Houston
Redevelopment
Authority,
Texas,
Tax
Increment
Contract
Revenue
Bonds,
Series
2021,
3.000%,
9/01/44
9/31
at
100.00
BBB-
$
3,107,397
1,500
Love
Field
Airport
Modernization
Corporation,
Texas,
General
Airport
Revenue
Bonds,
Refunding
Series
2021,
5.000%,
11/01/29,
(AMT)
No
Opt.
Call
A
1,638,420
Midtown
Redevelopment
Authority,
Texas,
Tax
Increment
Contract
Revenue,
Refunding
Series
2015:
500
5.000%,
1/01/24
No
Opt.
Call
A
504,670
300
5.000%,
1/01/25
1/24
at
100.00
A
302,931
1,500
Mission
Economic
Development
Corporation,
Texas,
Revenue
Bonds,
Natgasoline
Project,
Senior
Lien
Series
2018,
4.625%,
10/01/31,
(AMT),
144A
5/23
at
104.00
BB-
1,465,710
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-
1,620,948
1,060
5.000%,
9/15/31
9/25
at
100.00
BBB-
1,083,203
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
601,924
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
(4)
No
Opt.
Call
Caa2
1,275,000
750
5.000%,
7/01/30
(4)
7/25
at
100.00
Caa2
637,500
2,895
North
East
Regional
Mobility
Authority,
Texas,
Revenue
Bonds,
Refunding
Senior
Lien
Series
2016A,
5.000%,
1/01/29
1/26
at
100.00
A-
2,979,418
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+
3,001,507
3,000
North
Texas
Tollway
Authority,
System
Revenue
Bonds,
Refunding
First
Tier
Capital
Appreciation
Series
2008I,
6.500%,
1/01/43,
(Pre-
refunded
1/01/25)
1/25
at
100.00
AA- (5)
3,165,480
320
Red
River
Health
Facilities
Development
Corporation,
Texas,
Retirement
Facility
Revenue
Bonds,
MRC
Crossings
Project,
Series
2014A,
6.750%,
11/15/24,
(ETM)
No
Opt.
Call
N/R (5)
328,394
5,455
San
Antonio,
Texas,
Electric
and
Gas
System
Revenue
Bonds,
Refunding
Series
2017,
5.000%,
2/01/42
2/27
at
100.00
Aa2
5,684,819
1,000
San
Antonio,
Texas,
Water
System
Revenue
Bonds,
Refunding
Junior
Lien
Series
2016C,
4.000%,
5/15/37
11/26
at
100.00
AA+
1,007,490
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-
947,868
2,185
Tarrant
County
Cultural
Education
Facilities
Finance
Corporation,
Texas,
Hospital
Revenue
Bonds,
Scott
&
White
Healthcare
Project,
Series
2022D,
5.500%,
11/15/47
11/32
at
100.00
AA-
2,409,137
3,850
Tarrant
County
Cultural
Education
Facilities
Finance
Corporation,
Texas,
Retirement
Facility
Revenue
Bonds,
Buckner
Senior
Living
Ventana
Project,
Series
2017A,
6.625%,
11/15/37
5/27
at
100.00
N/R
3,889,732
2,250
Tarrant
County
Hospital
District,
Texas,
General
Obligation
Bonds,
Limited
Tax
Series
2023,
5.250%,
8/15/40
8/32
at
100.00
Aa1
2,578,973
Texas
Department
of
Housing
and
Community
Affairs,
Single
Family
Mortgage
Revenue
Bonds,
Series
2022B:
5,000
5.250%,
9/01/52
3/32
at
100.00
Aaa
5,271,550
5,995
6.000%,
3/01/53
3/32
at
104.76
Aaa
6,649,354
33
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Texas
(continued)
$
455
Texas
Private
Activity
Bond
Surface
Transporation
Corporation,
Senior
Lien
Revenue
Bonds,
NTE
Mobility
Partners
Segments
3
LLC
Segments
3A
&
3B
Facility,
Series
2013,
6.750%,
6/30/43,
(AMT)
9/23
at
100.00
Baa2
$
458,740
1,750
Texas
Private
Activity
Bond
Surface
Transportation
Corporation,
Senior
Lien
Revenue
Bonds,
LBJ
Infrastructure
Group
LLC
IH-635
Managed
Lanes
Project,
Refunding Series
2020A,
4.000%,
6/30/35
12/30
at
100.00
Baa2
1,746,343
3,335
Texas
Private
Activity
Bond
Surface
Transportation
Corporation,
Senior
Lien
Revenue
Bonds,
NTE
Mobility
Partners
Segments
3
LLC
Segments
3A
&
3B
Facility,
Series
2013,
7.000%,
12/31/38,
(AMT)
9/23
at
100.00
Baa2
3,366,783
2,000
Texas
State
Technical
College
System,
Financing
System
Revenue
Bonds,
Improvement
Series
2022A,
6.000%,
8/01/54
-
AGM
Insured
8/32
at
100.00
AA
2,316,480
1,200
Texas
State,
General
Obligation
Bonds,
College
Student
Loan
Series
2014,
6.000%,
8/01/25,
(AMT)
8/24
at
100.00
AAA
1,238,364
Texas
Transportation
Commission,
Central
Texas
Turnpike
System
Revenue
Bonds,
Refunding
Second
Tier
Series
2015C:
1,140
5.000%,
8/15/29
8/24
at
100.00
A-
1,164,647
3,150
5.000%,
8/15/42
8/24
at
100.00
A-
3,184,114
400
Town
of
Lakewood
Village,
Texas,
Lakewood
Village
Public
Improvement
District
Improvement
District
No.
1
Project,
Special
Assessment
Revenue
Bonds,
Series
2022,
5.250%,
9/15/42,
144A
9/32
at
100.00
N/R
385,376
1,185
Uptown
Development
Authority,
Houston,
Texas,
Tax
Increment
Contract
Revenue
Bonds,
Infrastructure
Improvement
Facilities,
Refunding
Series
2021,
3.000%,
9/01/38
9/31
at
100.00
Baa2
959,435
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
1,663,967
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
833,224
Total
Texas
113,440,932
Utah
-
4.0%
4,895
Canyons
School
District,
Salt
Lake
County,
Utah,
General
Obligation
Bonds,
Series
2020,
4.000%,
6/15/31
6/30
at
100.00
Aaa
5,285,719
3,545
Herber
Light
and
Power
Company,
Utah,
Electric
Revenue
Bonds,
Series
2023,
5.000%,
12/15/47
-
BAM
Insured
12/32
at
100.00
AA
3,821,439
2,855
Holladay,
Utah,
Sales
Tax
Revenue
Bonds,
Series
2022,
5.000%,
11/15/42
11/32
at
100.00
AA+
3,206,593
Intermountain
Power
Agency,
Utah,
Power
Supply
Revenue
Bonds,
Series
2022A:
4,000
5.000%,
7/01/39
7/31
at
100.00
Aa3
4,492,000
5,000
5.000%,
7/01/40
7/31
at
100.00
Aa3
5,584,800
Lehi
Local
Building
Authority,
Utah,
Lease
Revenue
Bonds,
Series
2022:
4,490
5.250%,
6/15/47
6/32
at
100.00
AA+
4,938,866
4,060
5.500%,
6/15/49
6/32
at
100.00
AA+
4,542,815
1,255
Lehi,
Utah,
Sales
Tax
Revenue
Bonds,
Series
2018,
5.250%,
6/01/38
6/28
at
100.00
AA+
1,380,688
1,955
MIDA
Military
Installation
Development
Authority
Golf
and
Equestrian
Center
Public
Infrastructure
District,
Utah,
Limited
Tax
and
Tax
Allocation
Revenue
Bonds,
Series
2021,
4.500%,
6/01/51,
144A
12/26
at
103.00
N/R
1,500,873
1,875
Salt
Lake
City,
Utah,
Airport
Revenue
Bonds,
International
Airport
Series
2017A,
5.000%,
7/01/34,
(AMT)
7/27
at
100.00
A
1,979,381
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
2,149,920
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
34
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Utah
(continued)
$
5,000
University
of
Utah,
General
Revenue
Bonds,
Green
Series
2022B,
5.000%,
8/01/41
8/32
at
100.00
AA+
$
5,647,750
Utah
Charter
School
Finance
Authority,
Charter
School
Revenue
Bonds,
Bridge
Elementary
Project,
Series
2021A:
560
4.000%,
6/15/31
6/28
at
103.00
N/R
504,392
145
4.000%,
6/15/41
6/28
at
103.00
N/R
111,479
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
535,030
500
5.000%,
10/15/31
10/27
at
100.00
AA
533,195
700
Utah
Infrastructure
Agency,
Telecommunications
Revenue
Bonds,
Series
2019,
4.000%,
10/15/23
No
Opt.
Call
BBB-
697,501
550
Utah
Infrastructure
Agency,
Telecommunications
Revenue
Bonds,
Series
2021,
4.000%,
10/15/27
No
Opt.
Call
BBB-
543,818
1,190
Utah
Telecommunication
Open
Infrastructure
Agency,
Utah,
Revenue
Bonds,
Refunding
Sales
Tax
and
Telecommunication
Series
2022,
5.500%,
6/01/40
6/32
at
100.00
AA-
1,363,776
8,820
Wasatch
County
School
District
Local
Building
Authority,
Utah,
Lease
Revenue
Bonds,
Board
of
Education
Series
2022,
5.500%,
6/01/47
6/32
at
100.00
Aa3
9,959,103
Total
Utah
58,779,138
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+
1,319,340
1,500
5.000%,
12/01/38
6/26
at
100.00
A+
1,556,085
1,000
Vermont
Student
Assistance
Corporation,
Education
Loan
Revenue
Bonds,
Senior
Series
2016A,
5.000%,
6/15/23,
(AMT)
No
Opt.
Call
AAA
1,001,030
Total
Vermont
3,876,455
Virginia
-
1.5%
5,190
Chesapeake
Bay
Bridge
and
Tunnel
District,
Virginia,
General
Resolution
Revenue
Bonds,
First
Tier
Bond
Anticipation
Notes
Series
2019,
5.000%,
11/01/23
No
Opt.
Call
BBB
5,227,627
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
1,103,415
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
A
1,425,536
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+
2,810,550
5,000
Norfolk
Economic
Development
Authority,
Virginia,
Hospital
Facility
Revenue
Bonds,
Sentara
Healthcare
Systems,
Refunding
Series
2018B,
4.000%,
11/01/48
11/28
at
100.00
AA
4,884,950
1,005
Norfolk
Redevelopment
and
Housing
Authority,
Virginia,
Revenue
Bonds,
Fort
Norfolk
Retirement
Community,
Inc.
-
Harbor's
Edge
Project,
Refunding
Series
2014,
5.375%,
1/01/35
1/25
at
100.00
N/R
943,132
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
A
500,669
35
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Virginia
(continued)
$
815
Virginia
College
Building
Authority,
Educational
Facilities
Revenue
Bonds,
Washington
and
Lee
University,
Series
2001,
5.750%,
1/01/34
No
Opt.
Call
AA
$
1,033,184
1,750
Virginia
Small
Business
Financing
Authority,
Private
Activity
Revenue
Bonds,
Transform
66
P3
Project,
Senior
Lien
Series
2017,
5.000%,
12/31/47,
(AMT)
6/27
at
100.00
BBB
1,752,485
Virginia
Small
Business
Financing
Authority,
Revenue
Bonds,
95
Express
Lanes
LLC
Project,
Refunding
Senior
Lien
Series
2022:
500
5.000%,
1/01/38,
(AMT)
1/32
at
100.00
BBB
518,710
300
5.000%,
6/30/38,
(AMT)
12/32
at
100.00
Baa1
313,224
1,020
5.000%,
12/31/38,
(AMT)
12/32
at
100.00
Baa1
1,064,962
810
5.000%,
6/30/39,
(AMT)
12/32
at
100.00
Baa1
840,091
Total
Virginia
22,418,535
Washington
-
0.8%
Camas,
Washington,
Water
and
Sewer
Revenue
Bonds,
Series
2019:
720
5.000%,
12/01/44
12/28
at
100.00
Aa3
776,988
1,255
5.000%,
12/01/47
12/28
at
100.00
Aa3
1,349,363
2,500
Grant
County
Public
Hospital
District
2,
Washington,
General
Obligation
Bonds,
Quincy
Valley
Medical
Center,
Series
2023,
5.000%,
12/01/38
12/32
at
100.00
Baa1
2,615,475
1,735
Grant
County
Public
Utility
District
2,
Washington,
Revenue
Bonds,
Priest
Rapids
Hydroelectric
Project,
Refunding
Series
2014B,
5.000%,
1/01/32,
(Pre-refunded
7/01/24),
(AMT)
7/24
at
100.00
AA (5)
1,757,191
1,355
Lakewood
Water
District,
Pierce
County,
Washington,
Water
Revenue
Bonds,
2019A,
5.000%,
12/01/44,
(AMT)
12/28
at
100.00
AA
1,441,002
Washington
Health
Care
Facilities
Authority,
Revenue
Bonds,
Virginia
Mason
Medical
Center,
Series
2017:
675
5.000%,
8/15/25
No
Opt.
Call
BBB+
692,408
700
4.000%,
8/15/42
8/27
at
100.00
BBB+
625,016
2,550
Washington
State
Housing
Finance
Commission,
Non-Profit
Housing
Revenue
Bonds,
Herons
Key
Senior
Living,
Series
2015A,
7.000%,
7/01/50,
(Pre-refunded
7/01/25),
144A
7/25
at
100.00
N/R (5)
2,743,290
Total
Washington
12,000,733
West
Virginia
-
0.1%
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
251,802
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
1,271,413
Total
West
Virginia
1,523,215
Wisconsin
-
2.0%
5,585
Public
Finance
Authority
of
Wisconsin,
Hospital
Revenue
Bonds,
Renown
Regional
Medical
Center
Project,
Series
2020A,
4.000%,
6/01/45
6/30
at
100.00
A+
4,996,006
1,000
Public
Finance
Authority
of
Wisconsin,
Project
Revenue
Bonds,
CFP3
-
Eastern
Michigan
University
Student
Housing
Project,
Series
2022A-1,
5.250%,
7/01/36
-
BAM
Insured
7/32
at
100.00
AA
1,129,650
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-
1,783,875
1,875
Wisconsin
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Bellin
Memorial
Hospital
Incorporated
Series
2022A,
5.500%,
12/01/52
12/32
at
100.00
A+
2,050,537
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
36
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Wisconsin
(continued)
$
1,935
Wisconsin
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Bellin
Memorial
Hospital
Incorporated
Series
2022B,
5.250%,
12/01/48
12/32
at
100.00
A+
$
2,070,644
1,500
Wisconsin
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Marshfield
Clinic
Health
System,
Inc.,
Series
2017C,
5.000%,
2/15/47
2/27
at
100.00
BBB+
1,492,830
2,410
Wisconsin
Health
and
Educational
Facilities
Authority,
Revenue
Bonds,
Marshfield
Clinic,
Series
2016B,
5.000%,
2/15/34
2/26
at
100.00
BBB+
2,487,048
335
Wisconsin
Health
and
Educational
Facilities
Authority,
Wisconsin,
Revenue
Bonds,
Fort
Healthcare,
Series
2014,
5.000%,
5/01/25
5/24
at
100.00
A-
339,680
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,
(Pre-refunded
9/01/27)
9/27
at
100.00
N/R (5)
2,011,856
700
5.000%,
9/01/29,
(Pre-refunded
9/01/27)
9/27
at
100.00
N/R (5)
765,380
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
5,317,800
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)
1,575,554
100
Wisconsin
Health
and
Educational
Facilities
Authority,
Wisconsin,
Revenue
Bonds,
Rogers
Memorial
Hospital,
Inc.,
Series
2014A,
5.000%,
7/01/26
7/24
at
100.00
A
102,091
600
Wisconsin
State,
Clean
Water
Revenue
Bonds,
Refunding
Series
2016-1,
5.000%,
6/01/29,
(Pre-refunded
6/01/24)
6/24
at
100.00
N/R (5)
611,778
1,665
Wisconsin
State,
General
Obligation
Unlimited,
Series
2023-2,
5.000%,
5/01/38
(WI/DD,
Settling
5/11/23)
No
Opt.
Call
AA+
1,932,505
Total
Wisconsin
28,667,234
Wyoming
-
0.1%
1,000
Wyoming
Municipal
Power
Agency,
Power
Supply
System
Revenue
Bonds,
Refunding
Series
2017A,
5.000%,
1/01/34,
(Pre-refunded
1/01/27)
-
BAM
Insured
1/27
at
100.00
N/R (5)
1,079,030
Total
Wyoming
1,079,030
Total
Long-Term
Investments
(cost
$1,426,319,269)
1,418,792,970
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
SHORT-TERM
INVESTMENTS
-
0.9%
X
13,555,000
MUNICIPAL
BONDS
-
0.9%
X
13,555,000
Arizona
-
0.2%
$
3,425
Arizona
Board
of
Regents,
Arizona
State
University
System
Revenue
Bonds,
Refunding
Series
2008B,
3.930%,
7/01/34,
(Mandatory
Put
5/5/2023)
(8)
4/23
at
100.00
AA
$
3,425,000
Total
Arizona
3,425,000
Colorado
-
0.1%
1,465
Colorado
Springs,
Colorado,
Utilities
System
Revenue
Bonds,
Variable
Rate
Demand
Subordinate
Lien
Improvement
Series
2006B,
3.820%,
11/01/36,
(Mandatory
Put
5/5/2023)
(8)
4/23
at
100.00
AA+
1,465,000
Total
Colorado
1,465,000
37
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
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
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.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
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
management’s
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
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(2)
Ratings
(3)
Value
Indiana
-
0.3%
$
5,000
Purdue
University,
Indiana,
University
Revenue
Bonds,
Student
Facility
System
Series
2004A,
3.780%,
7/01/33,
(Mandatory
Put
5/5/2023)
(8)
4/23
at
100.00
Aaa
$
5,000,000
Total
Indiana
5,000,000
Washington
-
0.3%
3,665
King
County,
Washington,
General
Obligation
Bonds,
Payable
from
Sewer
Revenues,
Refunding
Multi-Modal
Limited
Tax
Series
2019A,
3.750%,
1/01/46,
(Mandatory
Put
4/28/2023)
(8)
4/23
at
100.00
AAA
3,665,000
Total
Washington
3,665,000
Total
Short-Term
Investments
(cost
$13,555,000)
13,555,000
Total
Investments
(cost
$
1,439,874,269
)
-
97
.4
%
1,432,347,970
Floating
Rate
Obligations
-
(0.1)%
(
1,840,000
)
Other
Assets
&
Liabilities,
Net
- 2.7%
39,509,868
Net
Assets
-
100%
$
1,470,017,838
Municipal
Total
Return
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Municipal
Bonds
$
–
$
1,418,792,970
$
–
$
1,418,792,970
Short-Term
Investments:
Municipal
Bonds
–
13,555,000
–
13,555,000
Total
$
–
$
1,432,347,970
$
–
$
1,432,347,970
1
(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)
Defaulted
security.
A
security
whose
issuer
has
failed
to
fully
pay
principal
and/or
interest
when
due,
or
is
under
the
protection
of
bankruptcy.
(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)
Investment,
or
portion
of
investment,
has
been
pledged
to
collateralize
the
net
payment
obligations
for
investments
in
inverse
floating
rate
transactions.
Municipal
Total
Return
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
38
(7)
Step-up
coupon
bond,
a
bond
with
a
coupon
that
increases
("steps
up"),
usually
at
regular
intervals,
while
the
bond
is
outstanding.
The
rate
shown
is
the
coupon
as
of
the
end
of
the
reporting
period.
(8)
Investment
has
a
maturity
of
greater
than
one
year,
but
has
variable
rate
and/or
demand
features
which
qualify
it
as
a
short-term
investment.
The
rate
disclosed,
as
well
as
the
reference
rate
and
spread,
where
applicable,
is
that
in
effect
as
of
the
end
of
the
reporting
period.
This
rate
changes
periodically
based
on
market
conditions
or
a
specified
market
index.
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.
WI/DD
Purchased
on
a
when-issued
or
delayed
delivery
basis.
39
Nuveen
Core
Impact
Bond
Managed
Accounts
Portfolio
Portfolio
of
Investments
April
30,
2023
(Unaudited)
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
LONG-TERM
INVESTMENTS
-
99.6%
X
4,835,265
CORPORATE
BONDS
-
54.3%
X
4,835,265
Banks
-
6.3%
$
200
ABN
AMRO
Bank
NV,
144A
2.470%
12/13/29
A
$
170,758
200
Bank
Hapoalim
BM,
144A
,
Reg
S
3.255%
1/21/32
BBB
166,606
250
BPCE
SA,
144A
2.045%
10/19/27
A+
220,954
Total
Banks
558,318
Beverages
-
2.1%
250
PepsiCo
Inc
2.875%
10/15/49
A+
191,573
Total
Beverages
191,573
Chemicals
-
4.1%
350
Air
Products
and
Chemicals
Inc
4.800%
3/03/33
A
364,891
Total
Chemicals
364,891
Commercial
Services
&
Supplies
-
2.8%
100
Massachusetts
Higher
Education
Assistance
Corp
2.673%
7/01/31
Aa3
81,527
250
Rockefeller
Foundation
2.492%
10/01/50
AAA
170,327
Total
Commercial
Services
&
Supplies
251,854
Diversified
Consumer
Services
-
0.8%
100
Bush
Foundation
2.754%
10/01/50
Aaa
69,297
Total
Diversified
Consumer
Services
69,297
Diversified
Reits
-
1.1%
125
HAT
Holdings
I
LLC
/
HAT
Holdings
II
LLC,
144A
3.750%
9/15/30
Baa3
98,251
Total
Diversified
Reits
98,251
Diversified
Telecommunication
Services
-
2.0%
250
Verizon
Communications
Inc
2.850%
9/03/41
A-
181,160
Total
Diversified
Telecommunication
Services
181,160
Electric
Utilities
-
15.8%
200
Duke
Energy
Progress
LLC
4.000%
4/01/52
Aa3
168,942
250
MidAmerican
Energy
Co
3.150%
4/15/50
Aa2
186,555
125
PacifiCorp
5.350%
12/01/53
A+
130,139
120
PacifiCorp
2.900%
6/15/52
A+
83,686
100
Public
Service
Electric
and
Gas
Co
5.125%
3/15/53
A1
103,482
200
Southern
California
Edison
Co
3.650%
6/01/51
A2
155,292
200
Southwestern
Electric
Power
Co
3.250%
11/01/51
A-
139,090
250
Southwestern
Public
Service
Co
3.750%
6/15/49
A
198,162
150
Southwestern
Public
Service
Co
3.150%
5/01/50
A
108,658
130
Topaz
Solar
Farms
LLC,
144A
5.750%
9/30/39
BB+
127,932
Total
Electric
Utilities
1,401,938
Financial
Services
-
2.7%
250
WLB
Asset
II
B
Pte
Ltd,
144A
3.950%
12/10/24
N/R
236,359
Total
Financial
Services
236,359
Hotel
&
Resort
Reits
-
1.8%
200
Host
Hotels
&
Resorts
LP
2.900%
12/15/31
BBB-
158,360
Total
Hotel
&
Resort
Reits
158,360
Nuveen
Core
Impact
Bond
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
40
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Hotels,
Restaurants
&
Leisure
-
2.0%
$
200
Starbucks
Corp
4.450%
8/15/49
BBB+
$
180,845
Total
Hotels,
Restaurants
&
Leisure
180,845
Independent
Power
and
Renewable
Electricity
Producers
-
5.4%
200
Atlantica
Sustainable
Infrastructure
PLC,
144A
(4)
4.125%
6/15/28
BB+
182,500
195
Sweihan
PV
Power
Co
PJSC2022
1,
144A
3.625%
1/31/49
BBB+
161,371
181
UEP
Penonome
II
SA2020
1,
144A
6.500%
10/01/38
BB
134,319
Total
Independent
Power
and
Renewable
Electricity
Producers
478,190
Oil,
Gas
&
Consumable
Fuels
-
0.8%
100
TotalEnergies
Capital
International
SA
3.127%
5/29/50
A+
74,765
Total
Oil,
Gas
&
Consumable
Fuels
74,765
Retail
Reits
-
2.2%
200
Regency
Centers
LP
3.750%
6/15/24
BBB+
195,558
Total
Retail
Reits
195,558
Semiconductors
&
Semiconductor
Equipment
-
4.4%
250
NXP
BV
/
NXP
Funding
LLC
/
NXP
USA
Inc
3.400%
5/01/30
BBB
224,736
225
SK
Hynix
Inc,
144A
2.375%
1/19/31
Baa2
169,170
Total
Semiconductors
&
Semiconductor
Equipment
393,906
Total
Corporate
Bonds
(cost
$5,878,231)
4,835,265
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X
2,567,954.00
ASSET-BACKED
AND
MORTGAGE-BACKED
SECURITIES
-
28.9%
X
2,567,954
1
Banc
of
America
Mortgage
2004-K
Trust,
2004
K
3.928%
12/25/34
N/R
$
1,468
250
BFLD
Trust
2020-EYP,
(1-Month
LIBOR
reference
rate
+
2.100%
spread),
2020
EYP,
144A(5)
7.048%
10/15/35
A-
202,294
250
Century
Plaza
Towers
2019-CPT,
2019
CPT,
144A
3.097%
11/13/39
N/R
159,999
100
DBUBS
2017-BRBK
Mortgage
Trust,
2017
BRBK,
144A
3.452%
10/10/34
AAA
90,967
48
Fannie
Mae
Pool,
FN
MA4732
4.000%
9/01/52
N/R
46,261
4
Fannie
Mae
Pool,
FN
CA6414
3.000%
7/01/50
N/R
4,124
7
Fannie
Mae
Pool,
FN
MA4709
5.000%
7/01/52
N/R
6,502
70
Fannie
Mae
Pool,
FN
MA4733
4.500%
9/01/52
N/R
68,540
24
Fannie
Mae
Pool,
FN
MA4785
5.000%
10/01/52
N/R
23,891
2
Fannie
Mae
Pool,
FN
BU8837
5.000%
5/01/52
N/R
2,493
1
Fannie
Mae
Pool,
FN
CB3149
2.000%
3/01/52
N/R
782
2
Fannie
Mae
Pool,
FN
MA4731,
2022
1
3.500%
9/01/52
N/R
1,815
25
Fannie
Mae
Pool,
FN
MA4644,
2022
1
4.000%
5/01/52
N/R
24,238
3
Fannie
Mae
Pool,
FN
BT0267
3.000%
9/01/51
N/R
2,390
2
Fannie
Mae
Pool,
FN
FS1535
3.000%
4/01/52
N/R
1,687
5
Fannie
Mae
Pool,
FN
MA4570
2.000%
3/01/42
N/R
3,981
8
Fannie
Mae
Pool,
FN
MA4518
3.000%
1/01/37
N/R
7,209
7
Freddie
Mac
Gold
Pool,
FG
G08760
3.000%
4/01/47
N/R
6,385
138
Freddie
Mac
Multifamily
Structured
Pass
Through
Certificates,
2020
Q014
1.555%
1/25/36
N/R
114,288
4
Freddie
Mac
Pool,
FR
QD1349
3.500%
11/01/51
Aaa
4,105
10
Freddie
Mac
Pool,
FR
SD0998,
2023
1
2.500%
4/01/52
N/R
9,007
3
Ginnie
Mae
II
Pool,
G2
BY0339
3.500%
8/20/50
N/R
2,433
3
Ginnie
Mae
II
Pool,
G2
BX3681
3.000%
8/20/50
N/R
2,595
19
Ginnie
Mae
II
Pool,
G2
BY0325
2.500%
10/20/50
N/R
16,383
6
Ginnie
Mae
II
Pool,
G2
BX3680
3.000%
8/20/50
N/R
5,456
5
Ginnie
Mae
II
Pool,
G2
BX3679
3.000%
8/20/50
N/R
4,414
1
Ginnie
Mae
II
Pool,
G2
BY0330
3.000%
10/20/50
N/R
616
1
Ginnie
Mae
II
Pool,
G2
BY0331
3.000%
10/20/50
N/R
858
2
Ginnie
Mae
II
Pool,
G2
BY0340
3.500%
8/20/50
N/R
2,338
3
Ginnie
Mae
II
Pool,
G2
BY0338
3.500%
8/20/50
N/R
2,705
25
Ginnie
Mae
II
Pool,
G2
MA8489
4.500%
12/20/52
N/R
24,306
41
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X2,567,954.00
ASSET-BACKED
AND
MORTGAGE-BACKED
SECURITIES
(continued)
$
29
Ginnie
Mae
II
Pool,
G2
MA8268
4.500%
9/20/52
N/R
$
28,888
29
Ginnie
Mae
II
Pool,
G2
MA8269
5.000%
9/20/52
N/R
29,279
31
Ginnie
Mae
II
Pool,
G2
MA8043
3.000%
5/20/52
N/R
28,689
56
Ginnie
Mae
II
Pool,
G2
MA8149
3.500%
7/20/52
N/R
52,780
54
Ginnie
Mae
II
Pool,
G2
MA7589
2.500%
9/20/51
N/R
47,361
54
Ginnie
Mae
II
Pool,
G2
MA8267
4.000%
9/20/52
N/R
51,987
79
GoodLeap
Sustainable
Home
Solutions
Trust
2021-3,
2021
3CS,
144A
2.100%
5/20/48
N/R
62,508
135
GoodLeap
Sustainable
Home
Solutions
Trust
2021-4,
2021
4GS,
144A
2.360%
7/20/48
BBB
94,679
235
Hudson
Yards
2019-30HY
Mortgage
Trust,
2019
30HY,
144A
3.228%
7/10/39
AAA
206,108
149
Loanpal
Solar
Loan
2021-2
Ltd,
2021
2GS,
144A
2.220%
3/20/48
N/R
110,326
138
Mosaic
Solar
Loan
Trust
2020-2,
2020
2A,
144A
1.440%
8/20/46
N/R
116,690
154
Mosaic
Solar
Loan
Trust
2021-3,
2021
3A,
144A
1.920%
6/20/52
N/R
110,601
250
Natixis
Commercial
Mortgage
Securities
Trust
2019-
MILE,
(1-Month
LIBOR
reference
rate
+
1.579%
spread),
2019
MILE,
144A(5)
5.915%
7/15/36
N/R
233,763
150
One
Market
Plaza
Trust
2017-1MKT,
2017
1MKT,
144A
3.845%
2/10/32
AA-
136,770
58
Vivint
Solar
Financing
V
LLC,
2018
1A,
144A
7.370%
4/30/48
N/R
53,352
223
Vivint
Solar
Financing
VII
LLC,
2020
1A,
144A
2.210%
7/31/51
N/R
176,124
200
VNDO
Trust
2016-350P,
2016
350P,
144A
4.033%
1/10/35
AA-
183,519
Total
Asset-Backed
and
Mortgage-Backed
Securities
(cost
$3,066,573)
2,567,954
Principal
Amount
(000)
Description
(1)
Optional
Call
Provisions
(3)
Ratings
(2)
Value
X
988,841
MUNICIPAL
BONDS
-
11.1%
X
988,841
Alaska
-
1.8%
$
150
Port
Lions,
Alaska,
Revenue
Bonds,
Kodiak
Area
Native
Association
Project,
Taxable
Series
2022,
7.500%,
10/01/52
10/32
at
100.00
A+
$
158,727
Total
Alaska
158,727
California
-
5.3%
200
City
&
County
of
San
Francisco
CA,
2.684%,
6/15/40
6/31
at
100.00
AAA
146,352
200
Los
Angeles
Department
of
Airports,
California,
Customer
Facility
Charge
Revenue
Bonds,
Los
Angeles
International
Airport,
Consolidated
Rental
Car
Facility
Project,
Taxable
Green
Series
2022A,
4.242%,
5/15/48
-
AGM
Insured
5/32
at
100.00
AA
183,070
185
San
Francisco
City
and
County
Public
Utilities
Commission,
California,
Power
Revenue
Bonds,
Taxable
Refunding
Series
2020E,
2.825%,
11/01/41
11/30
at
100.00
Aa2
144,185
Total
California
473,607
Massachusetts
-
1.7%
170
Massachusetts
Clean
Energy
Cooperative
Corp,
2.020%,
7/01/28
No
Opt.
Call
AA-
151,202
Total
Massachusetts
151,202
Michigan
-
2.3%
250
Great
Lakes
Water
Authority,
Michigan,
Sewer
Disposal
System
Revenue
Bonds,
Taxable
Refunding
Senior
Lien
Series
2020A,
3.056%,
7/01/39
No
Opt.
Call
AA-
205,305
Total
Michigan
205,305
Total
Municipal
Bonds
(cost
$1,108,291)
988,841
Nuveen
Core
Impact
Bond
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
42
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
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
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.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
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
management’s
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
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Principal
Amount
(000)
(6)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X
337,053
EMERGING
MARKET
DEBT
AND
FOREIGN
CORPORATE
BONDS
-
3.8%
X
337,053
Canada
-
2.7%
$
250
OMERS
Finance
Trust
,
144A
3.500%
4/19/32
AAA
$
235,466
Total
Canada
235,466
Supranational
-
1.1%
100
European
Investment
Bank
3.750%
2/14/33
AAA
101,587
Total
Supranational
101,587
Total
Emerging
Market
Debt
And
Foreign
Corporate
Bonds
(cost
$331,979)
337,053
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X
132,020
U.S.
GOVERNMENT
AND
AGENCY
OBLIGATIONS
-
1.5%
X
132,020
$
82
United
States
Treasury
Note/Bond
3.625%
3/31/28
Aaa
$
82,442
50
United
States
Treasury
Note/Bond
3.625%
2/15/53
Aaa
49,578
Total
U.S.
Government
and
Agency
Obligations
(cost
$132,018)
132,020
Total
Long-Term
Investments
(cost
$10,517,092)
8,861,133
Shares
Description
(1)
Coupon
Value
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
2.1%
X
190,693
MONEY
MARKET
FUNDS
-
2.1%
X
190,693
190,693
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
(7)
4.840%(8)
$
190,693
Total
Investments
Purchased
with
Collateral
from
Securities
Lending
(cost
$190,693)
190,693
Total
Investments
(cost
$
10,707,785
)
-
101
.7
%
$
9,051,826
Other
Assets
&
Liabilities,
Net
- (1.7)%
(
155,415
)
Net
Assets
-
100%
$
8,896,411
43
Core
Impact
Bond
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Corporate
Bonds
$
–
$
4,835,265
$
–
$
4,835,265
Asset-Backed
and
Mortgage-Backed
Securities
–
2,567,954
–
2,567,954
Municipal
Bonds
–
988,841
–
988,841
Emerging
Market
Debt
And
Foreign
Corporate
Bonds
–
337,053
–
337,053
U.S.
Government
and
Agency
Obligations
–
132,020
–
132,020
Investments
Purchased
with
Collateral
from
Securities
Lending
190,693
–
–
190,693
Total
$
190,693
$
8,861,133
$
–
$
9,051,826
1
For
Fund
portfolio
compliance
purposes,
the
Fund’s
industry
classifications
refer
to
any
one
or
more
of
the
industry
sub-classifications
used
by
one
or
more
widely
recognized
market
indexes
or
ratings
group
indexes,
and/or
as
defined
by
Fund
management.
This
definition
may
not
apply
for
purposes
of
this
report,
which
may
combine
industry
sub-classifications
into
sectors
for
reporting
ease.
(1)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets.
(2)
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.
(3)
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.
(4)
Investment,
or
a
portion
of
investment,
is
out
on
loan
for
securities
lending.
The
total
value
of
the
securities
out
on
loan
as
of
the
end
of
the
reporting
period
was
$182,500.
(5)
Variable
rate
security.
The
rate
shown
is
the
coupon
as
of
the
end
of
the
reporting
period.
(6)
Principal
Amount
(000)
denominated
in
U.S.
Dollars,
unless
otherwise
noted.
(7)
The
Fund
may
loan
securities
representing
up
to
one
third
of
the
market
value
of
its
total
assets
(which
includes
collateral
for
securities
on
loan)
to
broker
dealers,
banks,
and
other
institutions.
The
collateral
maintained
by
the
Fund
shall
have
a
market
value,
at
the
inception
of
each
loan,
equal
to
not
less
than
100%
of
the
market
value
of
the
loaned
securities.
The
cash
collateral
received
by
the
Fund
is
invested
in
this
money
market
fund.
(8)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
144A
Investment
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
investments
may
only
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
LIBOR
London
Inter-Bank
Offered
Rate
Reg
S
Regulation
S
allows
U.S.
companies
to
sell
securities
to
persons
or
entities
located
outside
of
the
United
States
without
registering
those
securities
with
the
Securities
and
Exchange
Commission.
Specifically,
Regulation
S
provides
a
safe
harbor
from
the
registration
requirements
of
the
Securities
Act
for
the
offers
and
sales
of
securities
by
both
foreign
and
domestic
issuers
that
are
made
outside
the
United
States.
REIT
Real
Estate
Investment
Trust
44
Nuveen
Emerging
Markets
Debt
Managed
Accounts
Portfolio
Portfolio
of
Investments
April
30,
2023
(Unaudited)
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
LONG-TERM
INVESTMENTS
-
98.6%
X
14,237,135
SOVEREIGN
DEBT
-
52.3%
X
14,237,135
Angola
-
0.9%
$
300
Angolan
Government
International
Bond,
144A
8.750%
4/14/32
B-
$
247,926
Total
Angola
247,926
Bermuda
-
0.9%
300
Bermuda
Government
International
Bond,
144A
2.375%
8/20/30
A2
257,700
Total
Bermuda
257,700
Brazil
-
0.7%
200
Brazilian
Government
International
Bond
3.875%
6/12/30
BB-
178,664
Total
Brazil
178,664
Chile
-
1.7%
550
Chile
Government
International
Bond
2.550%
7/27/33
A-
460,312
Total
Chile
460,312
Colombia
-
2.0%
200
Colombia
Government
International
Bond
7.500%
2/02/34
BB+
191,590
200
Colombia
Government
International
Bond
8.000%
4/20/33
BB+
199,461
200
Colombia
Government
International
Bond
3.000%
1/30/30
BB+
153,491
Total
Colombia
544,542
Costa
Rica
-
0.7%
200
Costa
Rica
Government
International
Bond,
144A
6.125%
2/19/31
B2
201,013
Total
Costa
Rica
201,013
Cote
d'Ivoire
-
0.6%
179
Ivory
Coast
Government
International
Bond,
144A
5.750%
12/31/32
BB-
164,757
Total
Cote
d'Ivoire
164,757
Dominican
Republic
-
1.0%
300
Dominican
Republic
International
Bond,
144A
5.500%
2/22/29
Ba3
285,469
Total
Dominican
Republic
285,469
Ecuador
-
0.6%
300
Ecuador
Government
International
Bond,
144A
5.000%
7/31/30
B-
158,267
Total
Ecuador
158,267
Egypt
-
0.6%
250
Egypt
Government
International
Bond,
144A
7.600%
3/01/29
B
152,615
Total
Egypt
152,615
Hungary
-
2.2%
200
Hungary
Government
International
Bond,
144A
5.250%
6/16/29
BBB-
197,802
200
Hungary
Government
International
Bond,
144A
6.250%
9/22/32
BBB-
207,250
200
Magyar
Export-Import
Bank
Zrt,
144A,
(WI/DD,
Settling
5/04/23)
6.125%
12/04/27
N/R
201,000
Total
Hungary
606,052
India
-
0.7%
200
Export-Import
Bank
of
India,
144A
3.250%
1/15/30
BBB-
178,626
Total
India
178,626
Indonesia
-
3.2%
550
Indonesia
Government
International
Bond
3.500%
1/11/28
BBB
530,275
350
Indonesia
Government
International
Bond
4.650%
9/20/32
BBB
350,691
Total
Indonesia
880,966
45
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Israel
-
1.0%
$
300
Israel
Government
International
Bond
2.750%
7/03/30
A1
$
270,455
Total
Israel
270,455
Jordan
-
0.7%
200
Jordan
Government
International
Bond,
144A
7.500%
1/13/29
B+
199,964
Total
Jordan
199,964
Kenya
-
0.6%
225
Republic
of
Kenya
Government
International
Bond,
144A
8.000%
5/22/32
B
168,311
Total
Kenya
168,311
Mexico
-
3.8%
200
Mexico
Government
International
Bond
6.338%
5/04/53
BBB-
206,211
250
Mexico
Government
International
Bond
4.280%
8/14/41
BBB-
208,744
700
Mexico
Government
International
Bond
3.500%
2/12/34
BBB-
601,181
Total
Mexico
1,016,136
Morocco
-
0.9%
300
Morocco
Government
International
Bond,
144A
3.000%
12/15/32
BB+
242,262
Total
Morocco
242,262
Oman
-
0.9%
250
Oman
Government
International
Bond,
144A
6.250%
1/25/31
Ba3
258,478
Total
Oman
258,478
Panama
-
3.0%
200
Panama
Government
International
Bond
6.853%
3/28/54
BBB-
208,754
700
Panama
Government
International
Bond
3.298%
1/19/33
BBB-
590,817
Total
Panama
799,571
Peru
-
2.7%
250
Fondo
MIVIVIENDA
SA,
144A
4.625%
4/12/27
BBB
239,375
575
Peruvian
Government
International
Bond
2.783%
1/23/31
BBB
497,995
Total
Peru
737,370
Philippines
-
2.7%
200
Philippine
Government
International
Bond
4.625%
7/17/28
Baa2
202,234
675
Philippine
Government
International
Bond
1.950%
1/06/32
Baa2
557,488
Total
Philippines
759,722
Poland
-
2.2%
200
Republic
of
Poland
Government
International
Bond
5.500%
11/16/27
A-
209,400
250
Republic
of
Poland
Government
International
Bond
3.250%
4/06/26
A-
243,684
140
Republic
of
Poland
Government
International
Bond
5.500%
4/04/53
A-
144,921
Total
Poland
598,005
Qatar
-
1.1%
300
Qatar
Government
International
Bond,
144A
3.750%
4/16/30
Aa3
296,510
Total
Qatar
296,510
Republic
of
Serbia
-
0.7%
250
Serbia
International
Bond,
144A
2.125%
12/01/30
Ba2
194,450
Total
Republic
of
Serbia
194,450
Romania
-
2.0%
200
Romanian
Government
International
Bond,
144A
7.125%
1/17/33
BBB-
213,790
326
Romanian
Government
International
Bond,
144A
5.250%
11/25/27
BBB-
322,381
Total
Romania
536,171
Nuveen
Emerging
Markets
Debt
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
46
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Saudi
Arabia
-
3.6%
$
250
Saudi
Government
International
Bond,
144A
4.500%
10/26/46
A1
$
224,084
325
Saudi
Government
International
Bond,
144A
2.250%
2/02/33
A1
270,160
500
Saudi
Government
International
Bond,
144A
3.625%
3/04/28
A1
485,300
Total
Saudi
Arabia
979,544
South
Africa
-
2.3%
250
Republic
of
South
Africa
Government
International
Bond
4.300%
10/12/28
BB-
224,192
275
Republic
of
South
Africa
Government
International
Bond
5.875%
4/20/32
BB-
249,425
225
Republic
of
South
Africa
Government
International
Bond
5.375%
7/24/44
BB-
163,337
Total
South
Africa
636,954
South
Korea
-
0.8%
300
Export-Import
Bank
of
Korea
2.500%
6/29/41
AA-
225,241
Total
South
Korea
225,241
Supranational
-
1.2%
400
Banque
Ouest
Africaine
de
Developpement,
144A
4.700%
10/22/31
BBB
326,720
Total
Supranational
326,720
Turkey
-
0.7%
200
Turkey
Government
International
Bond(3)
6.000%
3/25/27
B3
183,670
Total
Turkey
183,670
United
Arab
Emirates
-
2.7%
425
Abu
Dhabi
Government
International
Bond,
144A
3.125%
9/30/49
AA
320,123
425
Abu
Dhabi
Government
International
Bond,
144A
3.125%
5/03/26
AA
411,995
Total
United
Arab
Emirates
732,118
Uruguay
-
2.1%
550
Uruguay
Government
International
Bond
4.375%
1/23/31
BBB-
554,511
Total
Uruguay
554,511
Uzbekistan
-
0.8%
250
Republic
of
Uzbekistan
International
Bond,
144A
3.700%
11/25/30
BB-
204,063
Total
Uzbekistan
204,063
Total
Sovereign
Debt
(cost
$13,522,276)
14,237,135
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X
12,128,228
CORPORATE
BONDS
-
44.5%
X
12,128,228
Australia
-
0.7%
$
200
AngloGold
Ashanti
Holdings
PLC
3.375%
11/01/28
BB+
$
180,579
Total
Australia
180,579
Brazil
-
3.1%
200
Arcos
Dorados
BV,
144A
6.125%
5/27/29
Ba2
190,628
200
Banco
BTG
Pactual
SA/Cayman
Islands,
144A
2.750%
1/11/26
BB-
182,100
100
Brazil
Minas
SPE
via
State
of
Minas
Gerais,
144A2013
1
5.333%
2/15/28
BB-
98,375
225
Rumo
Luxembourg
Sarl,
144A
4.200%
1/18/32
Ba2
181,904
200
Suzano
Austria
GmbH
2.500%
9/15/28
BBB-
168,078
Total
Brazil
821,085
Chile
-
4.5%
200
Antofagasta
PLC,
144A
5.625%
5/13/32
BBB
200,280
200
Banco
del
Estado
de
Chile,
144A
2.704%
1/09/25
A
191,343
200
Cia
Cervecerias
Unidas
SA,
144A
3.350%
1/19/32
BBB
172,500
200
Corp
Nacional
del
Cobre
de
Chile,
144A
3.000%
9/30/29
A3
179,756
200
Corp
Nacional
del
Cobre
de
Chile,
144A
3.700%
1/30/50
A3
150,410
47
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Chile
(continued)
$
200
Empresa
Nacional
del
Petroleo,
144A,
(WI/DD,
Settling
5/10/23)
6.150%
5/10/33
BB+
$
199,250
200
Inversiones
CMPC
SA,
144A
3.000%
4/06/31
Baa3
167,582
Total
Chile
1,261,121
China
-
1.3%
200
Lenovo
Group
Ltd,
144A
3.421%
11/02/30
BBB-
168,643
225
Prosus
NV,
144A
4.193%
1/19/32
Baa3
191,140
Total
China
359,783
Colombia
-
1.4%
200
Bancolombia
SA
3.000%
1/29/25
BB+
189,000
200
Ecopetrol
SA
5.375%
6/26/26
BB+
189,450
Total
Colombia
378,450
Costa
Rica
-
0.7%
200
Instituto
Costarricense
de
Electricidad,
144A
6.750%
10/07/31
B1
192,500
Total
Costa
Rica
192,500
Dominican
Republic
-
0.7%
200
AES
Espana
BV,
144A
5.700%
5/04/28
BB-
181,000
Total
Dominican
Republic
181,000
Guatemala
-
0.6%
200
Millicom
International
Cellular
SA,
144A
4.500%
4/27/31
Ba2
154,821
Total
Guatemala
154,821
Hong
Kong
-
0.7%
200
AIA
Group
Ltd,
144A
3.600%
4/09/29
A+
189,584
Total
Hong
Kong
189,584
India
-
3.5%
225
Bharti
Airtel
Ltd,
144A
3.250%
6/03/31
BBB-
196,009
188
Greenko
Dutch
BV
3.850%
3/29/26
Ba2
169,200
200
ICICI
Bank
Ltd/Dubai,
144A
3.800%
12/14/27
BBB-
189,236
250
Indian
Railway
Finance
Corp
Ltd,
144A
3.249%
2/13/30
BBB-
220,345
200
REC
Ltd
4.625%
3/22/28
Baa3
192,342
Total
India
967,132
Indonesia
-
4.3%
200
Bank
Mandiri
Persero
Tbk
PT
3.750%
4/11/24
BBB-
197,192
200
Freeport
Indonesia
PT,
144A
4.763%
4/14/27
Baa3
197,051
200
Indonesia
Asahan
Aluminium
PT
/
Mineral
Industri
Indonesia
Persero
PT,
144A
6.530%
11/15/28
BBB-
211,582
200
Pertamina
Persero
PT,
144A
3.650%
7/30/29
Baa2
186,841
200
Pertamina
Persero
PT,
144A
6.500%
5/27/41
BBB
207,211
200
Perusahaan
Perseroan
Persero
PT
Perusahaan
Listrik
Negara,
144A
5.450%
5/21/28
Baa2
204,316
Total
Indonesia
1,204,193
Israel
-
2.1%
200
Bank
Leumi
Le-Israel
BM,
144A
5.125%
7/27/27
A
198,070
225
Energean
Israel
Finance
Ltd,
144A
5.375%
3/30/28
BB-
201,160
200
Israel
Electric
Corp
Ltd,
144A
3.750%
2/22/32
BBB+
175,922
Total
Israel
575,152
Nuveen
Emerging
Markets
Debt
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
48
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Kazakhstan
-
1.5%
$
200
Development
Bank
of
Kazakhstan
JSC,
144A
5.750%
5/12/25
Baa2
$
201,168
250
QazaqGaz
NC
JSC,
144A
4.375%
9/26/27
BBB-
232,320
Total
Kazakhstan
433,488
Kuwait
-
0.7%
200
NBK
SPC
Ltd,
144A
1.625%
9/15/27
A1
179,082
Total
Kuwait
179,082
Malaysia
-
2.1%
225
MISC
Capital
Two
Labuan
Ltd,
144A
3.750%
4/06/27
BBB
213,230
200
Petronas
Capital
Ltd,
144A
4.800%
4/21/60
A-
193,143
200
Petronas
Capital
Ltd,
144A
2.480%
1/28/32
A-
171,152
Total
Malaysia
577,525
Mexico
-
6.5%
200
Alpek
SAB
de
CV,
144A
3.250%
2/25/31
BBB-
162,994
200
Banco
Santander
Mexico
SA
Institucion
de
Banca
Multiple
Grupo
Financiero
Santand,
144A
5.375%
4/17/25
Baa1
199,684
200
Becle
SAB
de
CV,
144A
2.500%
10/14/31
BBB
163,700
200
Cemex
SAB
de
CV,
144A
9.125%
12/30/49
B+
198,600
200
Comision
Federal
de
Electricidad,
144A
4.688%
5/15/29
BBB-
180,500
300
Mexico
City
Airport
Trust,
144A
5.500%
10/31/46
Baa3
233,556
200
Orbia
Advance
Corp
SAB
de
CV,
144A
1.875%
5/11/26
BBB-
181,070
150
Petroleos
Mexicanos
4.500%
1/23/26
B1
136,678
100
Petroleos
Mexicanos
5.350%
2/12/28
B1
83,056
225
Sigma
Alimentos
SA
de
CV,
144A
4.125%
5/02/26
BBB-
216,563
Total
Mexico
1,756,401
Morocco
-
0.7%
225
OCP
SA,
144A
3.750%
6/23/31
BB+
187,931
Total
Morocco
187,931
Oman
-
0.8%
225
OQ
SAOC,
144A
5.125%
5/06/28
BB
215,554
Total
Oman
215,554
Peru
-
0.5%
200
Petroleos
del
Peru
SA,
144A
5.625%
6/19/47
BB
126,877
Total
Peru
126,877
Qatar
-
1.4%
250
QatarEnergy,
144A
3.300%
7/12/51
Aa3
188,050
200
QNB
Finance
Ltd
2.750%
2/12/27
A
185,774
Total
Qatar
373,824
Saudi
Arabia
-
0.8%
250
Saudi
Arabian
Oil
Co,
144A
2.250%
11/24/30
A1
213,263
Total
Saudi
Arabia
213,263
South
Africa
-
1.5%
200
Sasol
Financing
USA
LLC
5.500%
3/18/31
Ba2
165,594
250
Transnet
SOC
Ltd,
144A
8.250%
2/06/28
BB-
247,400
Total
South
Africa
412,994
Thailand
-
0.8%
250
PTTEP
Treasury
Center
Co
Ltd,
144A
2.993%
1/15/30
Baa1
225,713
Total
Thailand
225,713
49
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
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
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.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
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
management’s
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
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Turkey
-
0.7%
$
200
Turkiye
Sise
ve
Cam
Fabrikalari
AS,
144A
6.950%
3/14/26
B3
$
194,016
Total
Turkey
194,016
United
Arab
Emirates
-
2.9%
250
Abu
Dhabi
Crude
Oil
Pipeline
LLC,
144A
4.600%
11/02/47
AA
235,610
200
DAE
Funding
LLC,
144A
3.375%
3/20/28
Baa3
182,856
200
DP
World
Ltd/United
Arab
Emirates,
144A
5.625%
9/25/48
BBB-
194,001
178
Galaxy
Pipeline
Assets
Bidco
Ltd,
144A
2.160%
3/31/34
Aa2
153,693
Total
United
Arab
Emirates
766,160
Total
Corporate
Bonds
(cost
$11,549,903)
12,128,228
Principal
Amount
(000)
Description
(1),(4)
Coupon
Maturity
Ratings
(2)
Value
X
337,045
CONTINGENT
CAPITAL
SECURITIES
-
1.2%
X
337,045
Israel
-
1.2%
$
200
Bank
Hapoalim
BM,
144A
3.255%
1/21/32
BBB
$
166,606
200
Mizrahi
Tefahot
Bank
Ltd,
144A
3.077%
4/07/31
BBB-
170,439
Total
Israel
337,045
Total
Contingent
Capital
Securities
(cost
$346,017)
337,045
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X
169,250
$1,000
PAR
(OR
SIMILAR)
INSTITUTIONAL
PREFERRED
-
0.6%
X
169,250
Mexico
-
0.6%
$
200
Banco
Nacional
de
Comercio
Exterior
SNC/Cayman
Islands,
144A
2.720%
8/11/31
BB
$
169,250
Total
Mexico
169,250
Total
$1,000
Par
(or
similar)
Institutional
Preferred
(cost
$170,222)
169,250
Total
Long-Term
Investments
(cost
$25,588,418)
26,871,658
Shares
Description
(1)
Coupon
Value
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
0.7
%
X
188,331
MONEY
MARKET
FUNDS
-
0.7%
X
188,331
188,331
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
(5)
4.840%(6)
$
188,331
Total
Investments
Purchased
with
Collateral
from
Securities
Lending
(cost
$188,331)
188,331
Total
Investments
(cost
$25,776,749
)
-
99.3%
$
27,059,989
Other
Assets
&
Liabilities,
Net
- 0.7%
190,861
Net
Assets
-
100%
$
27,250,850
Nuveen
Emerging
Markets
Debt
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
50
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
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Emerging
Markets
Debt
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Sovereign
Debt
$
–
$
14,237,135
$
–
$
14,237,135
Corporate
Bonds
–
12,128,228
–
12,128,228
Contingent
Capital
Securities
–
337,045
–
337,045
$1,000
Par
(or
similar)
Institutional
Preferred
–
169,250
–
169,250
Investments
Purchased
with
Collateral
from
Securities
Lending
188,331
–
–
188,331
Total
$
188,331
$
26,871,658
$
–
$
27,059,989
1
For
Fund
portfolio
compliance
purposes,
the
Fund’s
industry
classifications
refer
to
any
one
or
more
of
the
industry
sub-classifications
used
by
one
or
more
widely
recognized
market
indexes
or
ratings
group
indexes,
and/or
as
defined
by
Fund
management.
This
definition
may
not
apply
for
purposes
of
this
report,
which
may
combine
industry
sub-classifications
into
sectors
for
reporting
ease.
(1)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets.
(2)
The
ratings
disclosed
are
the
lowest
of
Standard
&
Poor’s
Group
(“Standard
&
Poor’s”),
Moody’s
Investors
Service,
Inc.
(“Moody’s”)
or
Fitch,
Inc.
(“Fitch”)
rating.
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.
(3)
Investment,
or
a
portion
of
investment,
is
out
on
loan
for
securities
lending.
The
total
value
of
the
securities
out
on
loan
as
of
the
end
of
the
reporting
period
was
$183,670.
(4)
Contingent
Capital
Securities
(“CoCos”)
are
hybrid
securities
with
loss
absorption
characteristics
built
into
the
terms
of
the
security
for
the
benefit
of
the
issuer.
For
example,
the
terms
may
specify
an
automatic
write-down
of
principal
or
a
mandatory
conversion
into
the
issuer’s
common
stock
under
certain
adverse
circumstances,
such
as
the
issuer’s
capital
ratio
falling
below
a
specified
level.
(5)
The
Fund
may
loan
securities
representing
up
to
one
third
of
the
market
value
of
its
total
assets
(which
includes
collateral
for
securities
on
loan)
to
broker
dealers,
banks,
and
other
institutions.
The
collateral
maintained
by
the
Fund
shall
have
a
market
value,
at
the
inception
of
each
loan,
equal
to
not
less
than
100%
of
the
market
value
of
the
loaned
securities.
The
cash
collateral
received
by
the
Fund
is
invested
in
this
money
market
fund.
(6)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
144A
Investment
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
investments
may
only
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
Reg
S
Regulation
S
allows
U.S.
companies
to
sell
securities
to
persons
or
entities
located
outside
of
the
United
States
without
registering
those
securities
with
the
Securities
and
Exchange
Commission.
Specifically,
Regulation
S
provides
a
safe
harbor
from
the
registration
requirements
of
the
Securities
Act
for
the
offers
and
sales
of
securities
by
both
foreign
and
domestic
issuers
that
are
made
outside
the
United
States.
WI/DD
Purchased
on
a
when-issued
or
delayed
delivery
basis.
51
Nuveen
High
Yield
Managed
Accounts
Portfolio
Portfolio
of
Investments
April
30,
2023
(Unaudited)
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
LONG-TERM
INVESTMENTS
-
98.0%
X
15,606,403
CORPORATE
BONDS
-
98.0%
X
15,606,403
Aerospace
&
Defense
-
1.3%
$
95
Maxar
Technologies
Inc,
144A
7.750%
6/15/27
B2
$
100,675
110
TransDigm
Inc
7.500%
3/15/27
B-
110,549
Total
Aerospace
&
Defense
211,224
Air
Freight
&
Logistics
-
0.7%
115
Cargo
Aircraft
Management
Inc,
144A
4.750%
2/01/28
BB
103,181
Total
Air
Freight
&
Logistics
103,181
Automobile
Components
-
2.9%
105
Clarios
Global
LP
/
Clarios
US
Finance
Co,
(WI/DD,
Settling
5/04/23),
144A
6.750%
5/15/28
B+
105,406
115
Dana
Inc
4.500%
2/15/32
B1
91,971
125
Goodyear
Tire
&
Rubber
Co/The
(3)
5.000%
7/15/29
BB-
110,495
150
ZF
North
America
Capital
Inc,
144A
6.875%
4/14/28
BB+
154,378
Total
Automobile
Components
462,250
Automobiles
-
2.6%
440
Ford
Motor
Credit
Co
LLC
4.950%
5/28/27
Ba2
416,105
Total
Automobiles
416,105
Beverages
-
1.2%
170
Primo
Water
Holdings
Inc,
144A
4.375%
4/30/29
B
149,927
50
Triton
Water
Holdings
Inc,
144A
(3)
6.250%
4/01/29
Caa2
42,000
Total
Beverages
191,927
Broadline
Retail
-
0.7%
100
Kohl's
Corp
4.625%
5/01/31
Ba3
68,196
50
Macy's
Retail
Holdings
LLC,
144A
(3)
5.875%
4/01/29
Ba2
45,801
Total
Broadline
Retail
113,997
Capital
Markets
-
2.9%
130
Compass
Group
Diversified
Holdings
LLC,
144A
5.250%
4/15/29
B+
117,013
165
Icahn
Enterprises
LP
/
Icahn
Enterprises
Finance
Corp
5.250%
5/15/27
Ba3
155,490
115
LPL
Holdings
Inc,
144A
4.625%
11/15/27
BBB-
108,616
80
NFP
Corp,
144A
4.875%
8/15/28
N/R
72,819
Total
Capital
Markets
453,938
Chemicals
-
5.5%
80
ASP
Unifrax
Holdings
Inc,
144A
5.250%
9/30/28
B-
65,922
130
Avient
Corp,
144A
7.125%
8/01/30
BB-
132,861
25
Calumet
Specialty
Products
Partners
LP
/
Calumet
Finance
Corp,
144A
11.000%
4/15/25
Caa1
25,676
200
Celanese
US
Holdings
LLC
6.050%
3/15/25
BBB-
200,755
115
EverArc
Escrow
Sarl,
144A
5.000%
10/30/29
B2
97,913
100
NOVA
Chemicals
Corp,
144A
4.875%
6/01/24
Ba3
98,411
65
Olin
Corp
5.125%
9/15/27
BB+
62,888
115
Trinseo
Materials
Operating
SCA
/
Trinseo
Materials
Finance
Inc,
144A
5.375%
9/01/25
B-
96,384
115
Tronox
Inc,
144A
4.625%
3/15/29
B1
95,462
Total
Chemicals
876,272
Nuveen
High
Yield
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
52
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Commercial
Services
&
Supplies
-
4.6%
$
130
ADT
Security
Corp/The,
144A
4.125%
8/01/29
BB-
$
112,938
115
Allied
Universal
Holdco
LLC
/
Allied
Universal
Finance
Corp,
144A
6.625%
7/15/26
B
110,854
115
Garda
World
Security
Corp,
144A
4.625%
2/15/27
B
105,637
140
GFL
Environmental
Inc,
144A
3.500%
9/01/28
BB-
127,240
120
Prime
Security
Services
Borrower
LLC
/
Prime
Finance
Inc,
144A
6.250%
1/15/28
B-
112,384
95
Prime
Security
Services
Borrower
LLC
/
Prime
Finance
Inc,
144A
3.375%
8/31/27
BB-
84,896
60
Prime
Security
Services
Borrower
LLC
/
Prime
Finance
Inc,
144A
5.750%
4/15/26
BB-
59,548
15
Ritchie
Bros
Auctioneers
Inc,
144A
6.750%
3/15/28
Ba2
15,525
Total
Commercial
Services
&
Supplies
729,022
Communications
Equipment
-
0.6%
100
Viasat
Inc,
144A
5.625%
9/15/25
Caa1
95,500
Total
Communications
Equipment
95,500
Construction
&
Engineering
-
0.2%
35
Standard
Industries
Inc/NJ,
144A
5.000%
2/15/27
B1
33,467
Total
Construction
&
Engineering
33,467
Construction
Materials
-
0.8%
130
Gates
Global
LLC
/
Gates
Corp,
144A
6.250%
1/15/26
B3
128,700
Total
Construction
Materials
128,700
Consumer
Finance
-
2.8%
100
Ally
Financial
Inc
7.100%
11/15/27
BBB-
103,275
90
Navient
Corp
6.750%
6/25/25
B+
88,494
90
Navient
Corp
4.875%
3/15/28
B+
77,399
210
OneMain
Finance
Corp
3.500%
1/15/27
BB
179,365
Total
Consumer
Finance
448,533
Consumer
Staples
Distribution
&
Retail
-
1.6%
110
Albertsons
Cos
Inc
/
Safeway
Inc
/
New
Albertsons
LP
/
Albertsons
LLC,
144A
3.500%
3/15/29
Ba3
97,459
50
Albertsons
Cos
Inc
/
Safeway
Inc
/
New
Albertsons
LP
/
Albertsons
LLC,
144A
6.500%
2/15/28
Ba3
50,625
115
Performance
Food
Group
Inc,
144A
(3)
4.250%
8/01/29
B2
104,691
Total
Consumer
Staples
Distribution
&
Retail
252,775
Containers
&
Packaging
-
2.5%
95
Ball
Corp
6.875%
3/15/28
BB+
98,785
115
LABL
Inc,
144A
6.750%
7/15/26
B-
113,940
55
Mauser
Packaging
Solutions
Holding
Co,
144A
7.875%
8/15/26
B
55,788
115
Pactiv
Evergreen
Group
Issuer
Inc/Pactiv
Evergreen
Group
Issuer
LLC,
144A
4.375%
9/30/28
B+
101,270
20
Sealed
Air
Corp,
144A
6.125%
2/01/28
Ba2
20,294
Total
Containers
&
Packaging
390,077
Diversified
Telecommunication
Services
-
0.6%
105
Frontier
Communications
Holdings
LLC,
144A
5.875%
10/15/27
B3
96,651
Total
Diversified
Telecommunication
Services
96,651
Electric
Utilities
-
1.5%
235
Talen
Energy
Supply
LLC,
(WI/DD,
Settling
5/12/23)
%
0
235,000
Total
Electric
Utilities
235,000
53
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Electrical
Equipment
-
0.5%
$
25
Regal
Rexnord
Corp,
144A
6.300%
2/15/30
BB+
$
25,470
25
Regal
Rexnord
Corp,
144A
6.050%
4/15/28
BB+
25,237
10
Regal
Rexnord
Corp,
144A
6.400%
4/15/33
BB+
10,198
25
Regal
Rexnord
Corp,
144A
6.050%
2/15/26
BB+
25,353
Total
Electrical
Equipment
86,258
Electronic
Equipment,
Instruments
&
Components
-
0.5%
100
Imola
Merger
Corp,
144A
4.750%
5/15/29
B1
86,595
Total
Electronic
Equipment,
Instruments
&
Components
86,595
Energy
Equipment
&
Services
-
1.9%
130
Archrock
Partners
LP
/
Archrock
Partners
Finance
Corp,
144A
6.250%
4/01/28
B2
124,792
20
Transocean
Inc,
144A
8.750%
2/15/30
B-
20,180
35
Transocean
Titan
Financing
Ltd,
144A
8.375%
2/01/28
B-
35,673
130
USA
Compression
Partners
LP
/
USA
Compression
Finance
Corp
6.875%
4/01/26
B3
128,596
Total
Energy
Equipment
&
Services
309,241
Entertainment
-
0.8%
55
Live
Nation
Entertainment
Inc,
144A
6.500%
5/15/27
BB-
55,620
75
Univision
Communications
Inc,
144A
4.500%
5/01/29
B+
64,640
Total
Entertainment
120,260
Food
Products
-
1.0%
50
Chobani
LLC
/
Chobani
Finance
Corp
Inc,
144A
4.625%
11/15/28
B-
45,878
115
Darling
Ingredients
Inc,
144A
6.000%
6/15/30
Ba2
113,765
Total
Food
Products
159,643
Gas
Utilities
-
1.7%
115
Ferrellgas
LP
/
Ferrellgas
Finance
Corp,
144A
5.875%
4/01/29
B
97,170
115
Ferrellgas
LP
/
Ferrellgas
Finance
Corp,
144A
5.375%
4/01/26
B
107,219
80
Superior
Plus
LP
/
Superior
General
Partner
Inc,
144A
4.500%
3/15/29
BB-
70,855
Total
Gas
Utilities
275,244
Health
Care
Equipment
&
Supplies
-
1.2%
80
Embecta
Corp,
144A
6.750%
2/15/30
B+
72,481
130
Mozart
Debt
Merger
Sub
Inc,
144A
3.875%
4/01/29
B+
113,744
Total
Health
Care
Equipment
&
Supplies
186,225
Health
Care
Providers
&
Services
-
3.8%
125
CHS/Community
Health
Systems
Inc,
144A
5.250%
5/15/30
B-
104,183
95
DaVita
Inc,
144A
4.625%
6/01/30
B+
82,752
95
Encompass
Health
Corp
4.500%
2/01/28
B+
89,571
170
Tenet
Healthcare
Corp
4.375%
1/15/30
B1
156,204
195
Tenet
Healthcare
Corp
4.250%
6/01/29
B1
178,903
Total
Health
Care
Providers
&
Services
611,613
Hotels,
Restaurants
&
Leisure
-
5.1%
150
BC
ULC
/
New
Red
Finance
Inc,
144A
4.000%
10/15/30
B2
130,947
100
Carnival
Corp,
144A
4.000%
8/01/28
BB-
86,685
160
CDI
Escrow
Issuer
Inc,
144A
5.750%
4/01/30
B+
154,276
115
Fertitta
Entertainment
LLC
/
Fertitta
Entertainment
Finance
Co
Inc,
144A
4.625%
1/15/29
B
100,691
105
Hilton
Domestic
Operating
Co
Inc,
144A
3.625%
2/15/32
Ba2
89,608
55
Life
Time
Inc,
144A
5.750%
1/15/26
B2
53,709
45
NCL
Corp
Ltd,
144A
8.375%
2/01/28
B1
45,269
20
Royal
Caribbean
Cruises
Ltd,
144A
7.250%
1/15/30
B2
20,056
Nuveen
High
Yield
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
54
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Hotels,
Restaurants
&
Leisure
(continued)
$
130
Yum!
Brands
Inc
5.375%
4/01/32
Ba3
$
126,807
Total
Hotels,
Restaurants
&
Leisure
808,048
Household
Durables
-
1.0%
80
Newell
Brands
Inc
(3)
6.625%
9/15/29
BB
79,026
80
Newell
Brands
Inc
4.700%
4/01/26
BB
76,400
Total
Household
Durables
155,426
Independent
Power
and
Renewable
Electricity
Producers
-
1.7%
80
Clearway
Energy
Operating
LLC,
144A
4.750%
3/15/28
BB
75,814
130
TerraForm
Power
Operating
LLC,
144A
5.000%
1/31/28
BB-
124,475
80
Vistra
Operations
Co
LLC,
144A
4.375%
5/01/29
BB
71,525
Total
Independent
Power
and
Renewable
Electricity
Producers
271,814
Insurance
-
2.1%
130
Acrisure
LLC
/
Acrisure
Finance
Inc,
144A
4.250%
2/15/29
B
108,820
85
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co-
Issuer,
144A
6.750%
4/15/28
B2
84,892
80
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co-
Issuer,
144A
4.250%
10/15/27
B
73,244
80
BroadStreet
Partners
Inc,
144A
5.875%
4/15/29
Caa2
69,402
Total
Insurance
336,358
Internet
Software
&
Services
-
0.4%
80
Ziff
Davis
Inc,
144A
4.625%
10/15/30
Ba3
70,291
Total
Internet
Software
&
Services
70,291
IT
Services
-
0.9%
120
Ahead
DB
Holdings
LLC,
144A
6.625%
5/01/28
CCC+
100,200
50
Science
Applications
International
Corp,
144A
4.875%
4/01/28
B1
47,172
Total
IT
Services
147,372
Life
Sciences
Tools
&
Services
-
0.5%
80
Avantor
Funding
Inc,
144A
4.625%
7/15/28
B2
74,830
Total
Life
Sciences
Tools
&
Services
74,830
Machinery
-
0.8%
20
Chart
Industries
Inc,
144A
9.500%
1/01/31
B3
21,175
15
Chart
Industries
Inc,
144A
7.500%
1/01/30
B+
15,450
90
WASH
Multifamily
Acquisition
Inc,
144A
5.750%
4/15/26
B-
84,377
Total
Machinery
121,002
Media
-
10.0%
195
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp,
144A
5.375%
6/01/29
BB-
178,838
285
CCO
Holdings
LLC
/
CCO
Holdings
Capital
Corp,
144A
4.250%
2/01/31
B1
233,418
200
CSC
Holdings
LLC,
144A
4.125%
12/01/30
B
143,536
95
Directv
Financing
LLC
/
Directv
Financing
Co-Obligor
Inc,
144A
5.875%
8/15/27
Ba3
83,369
75
DISH
Network
Corp,
144A
11.750%
11/15/27
B
70,848
65
Gray
Television
Inc,
144A
(3)
4.750%
10/15/30
B3
41,989
130
iHeartCommunications
Inc,
144A
(3)
4.750%
1/15/28
B1
101,187
80
Lamar
Media
Corp
(3)
4.875%
1/15/29
Ba3
75,632
50
News
Corp,
144A
3.875%
5/15/29
BB+
44,392
95
Sirius
XM
Radio
Inc,
144A
4.000%
7/15/28
Ba3
80,213
25
Sirius
XM
Radio
Inc,
144A
3.125%
9/01/26
Ba3
22,375
200
UPC
Broadband
Finco
BV,
144A
4.875%
7/15/31
B1
172,588
200
Virgin
Media
Secured
Finance
PLC,
144A
5.500%
5/15/29
BB-
183,642
55
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Media
(continued)
$
200
VZ
Secured
Financing
BV,
144A
5.000%
1/15/32
B+
$
166,904
Total
Media
1,598,931
Metals
&
Mining
-
2.1%
120
FMG
Resources
August
2006
Pty
Ltd,
144A
5.875%
4/15/30
BB+
116,375
110
Mineral
Resources
Ltd,
144A
8.000%
11/01/27
Ba3
112,022
115
SunCoke
Energy
Inc,
144A
4.875%
6/30/29
B1
100,125
Total
Metals
&
Mining
328,522
Mortgage
Real
Estate
Investment
Trusts
(REITs)
-
0.8%
120
Rocket
Mortgage
LLC
/
Quicken
Loans
Co-Issuer
Inc,
144A
3.875%
3/01/31
BB
96,912
40
Rocket
Mortgage
LLC
/
Quicken
Loans
Co-Issuer
Inc,
144A
2.875%
10/15/26
BB
35,604
Total
Mortgage
Real
Estate
Investment
Trusts
(REITs)
132,516
Oil,
Gas
&
Consumable
Fuels
-
12.4%
105
Antero
Midstream
Partners
LP
/
Antero
Midstream
Finance
Corp,
144A
5.750%
3/01/27
Ba3
101,568
130
Crestwood
Midstream
Partners
LP
/
Crestwood
Midstream
Finance
Corp,
144A
5.625%
5/01/27
Ba3
124,752
65
DT
Midstream
Inc,
144A
4.125%
6/15/29
Ba2
57,606
115
EnLink
Midstream
LLC,
144A
5.625%
1/15/28
BB+
113,263
145
EnLink
Midstream
LLC,
144A
6.500%
9/01/30
BB+
146,475
100
EQM
Midstream
Partners
LP,
144A
4.750%
1/15/31
BB-
81,957
165
EQM
Midstream
Partners
LP,
144A
6.500%
7/01/27
BB-
160,876
135
Genesis
Energy
LP
/
Genesis
Energy
Finance
Corp
(3)
6.250%
5/15/26
B
130,070
65
Genesis
Energy
LP
/
Genesis
Energy
Finance
Corp
(3)
8.875%
4/15/30
B
65,087
165
Hilcorp
Energy
I
LP
/
Hilcorp
Finance
Co,
144A
5.750%
2/01/29
Ba3
154,153
45
Holly
Energy
Partners
LP
/
Holly
Energy
Finance
Corp,
144A
6.375%
4/15/27
Ba3
44,323
65
Kinetik
Holdings
LP,
144A
5.875%
6/15/30
BB+
62,268
65
Matador
Resources
Co,
144A
6.875%
4/15/28
B1
65,408
110
Murphy
Oil
Corp
5.875%
12/01/27
Ba2
108,179
50
NGL
Energy
Operating
LLC
/
NGL
Energy
Finance
Corp,
144A
7.500%
2/01/26
B2
47,941
35
Occidental
Petroleum
Corp
6.375%
9/01/28
BB+
36,504
205
Occidental
Petroleum
Corp
6.450%
9/15/36
BB+
217,556
110
Parkland
Corp,
144A
4.500%
10/01/29
Ba3
96,387
105
SM
Energy
Co
(3)
6.500%
7/15/28
B2
99,488
65
Western
Midstream
Operating
LP
4.300%
2/01/30
BB+
59,333
Total
Oil,
Gas
&
Consumable
Fuels
1,973,194
Passenger
Airlines
-
1.7%
65
Allegiant
Travel
Co,
144A
7.250%
8/15/27
BB-
64,196
115
American
Airlines
Inc/AAdvantage
Loyalty
IP
Ltd,
144A
5.500%
4/20/26
Ba2
112,929
105
United
Airlines
Inc,
144A
4.375%
4/15/26
BB
100,277
Total
Passenger
Airlines
277,402
Personal
Care
Products
-
1.1%
65
Coty
Inc,
144A
5.000%
4/15/26
BB
63,465
120
Kronos
Acquisition
Holdings
Inc
/
KIK
Custom
Products
Inc,
144A
5.000%
12/31/26
B-
111,053
Total
Personal
Care
Products
174,518
Pharmaceuticals
-
1.7%
200
ORGANON
&
CO/ORG,
144A
4.125%
4/30/28
BB
184,001
90
Teva
Pharmaceutical
Finance
Netherlands
III
BV
3.150%
10/01/26
BB-
81,322
Total
Pharmaceuticals
265,323
Nuveen
High
Yield
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
56
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
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Professional
Services
-
1.0%
$
80
ASGN
Inc,
144A
4.625%
5/15/28
BB-
$
73,929
115
MPH
Acquisition
Holdings
LLC,
144A
5.500%
9/01/28
B
87,912
Total
Professional
Services
161,841
Software
-
0.9%
105
Gen
Digital
Inc,
144A
6.750%
9/30/27
B1
105,810
35
Open
Text
Corp,
144A
6.900%
12/01/27
Ba1
36,150
Total
Software
141,960
Specialized
REITs
-
1.4%
115
Iron
Mountain
Inc,
144A
4.875%
9/15/27
BB-
109,606
65
SBA
Communications
Corp
3.125%
2/01/29
Ba3
55,607
60
Uniti
Group
LP
/
Uniti
Group
Finance
Inc
/
CSL
Capital
LLC,
144A
10.500%
2/15/28
B
57,414
Total
Specialized
REITs
222,627
Specialty
Retail
-
3.2%
80
Academy
Ltd,
144A
(3)
6.000%
11/15/27
BB
78,576
90
AmeriGas
Partners
LP
/
AmeriGas
Finance
Corp
5.875%
8/20/26
B1
86,791
35
Asbury
Automotive
Group
Inc,
144A
(3)
4.625%
11/15/29
B1
31,151
35
Asbury
Automotive
Group
Inc,
144A
5.000%
2/15/32
B1
30,157
75
Bath
&
Body
Works
Inc,
144A
6.625%
10/01/30
BB
71,997
75
Michaels
Cos
Inc/The,
144A
5.250%
5/01/28
B-
61,786
170
Staples
Inc,
144A
7.500%
4/15/26
B3
143,367
Total
Specialty
Retail
503,825
Textiles,
Apparel
&
Luxury
Goods
-
1.3%
105
Hanesbrands
Inc,
144A
(3)
9.000%
2/15/31
B1
107,483
115
Wolverine
World
Wide
Inc,
144A
(3)
4.000%
8/15/29
B+
95,594
Total
Textiles,
Apparel
&
Luxury
Goods
203,077
Trading
Companies
&
Distributors
-
1.5%
60
H&E
Equipment
Services
Inc,
144A
3.875%
12/15/28
B2
51,993
75
United
Rentals
North
America
Inc,
144A
6.000%
12/15/29
BBB-
76,117
115
WESCO
Distribution
Inc,
144A
7.250%
6/15/28
Ba3
118,044
Total
Trading
Companies
&
Distributors
246,154
Wireless
Telecommunication
Services
-
2.0%
300
Sprint
LLC
7.625%
3/01/26
BB+
317,674
Total
Wireless
Telecommunication
Services
317,674
Total
Long-Term
Investments
(cost
$15,299,217)
15,606,403
Shares
Description
(1)
Coupon
Value
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
7.8%
X
1,235,712
MONEY
MARKET
FUNDS
-
7.8%
X
1,235,712
1,235,712
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
(4)
4.840%(5)
$
1,235,712
Total
Investments
Purchased
with
Collateral
from
Securities
Lending
(cost
$1,235,712)
1,235,712
Total
Investments
(cost
$16,534,929
)
-
105.8%
$
16,842,115
Other
Assets
&
Liabilities,
Net
- (5.8)%
(920,158)
Net
Assets
-
100%
$
15,921,957
57
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
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
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.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
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
management’s
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
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
High
Yield
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Corporate
Bonds
$
–
$
15,606,403
$
–
$
15,606,403
Investments
Purchased
with
Collateral
from
Securities
Lending
1,235,712
–
–
1,235,712
Total
$
1,235,712
$
15,606,403
$
–
$
16,842,115
1
For
Fund
portfolio
compliance
purposes,
the
Fund’s
industry
classifications
refer
to
any
one
or
more
of
the
industry
sub-classifications
used
by
one
or
more
widely
recognized
market
indexes
or
ratings
group
indexes,
and/or
as
defined
by
Fund
management.
This
definition
may
not
apply
for
purposes
of
this
report,
which
may
combine
industry
sub-classifications
into
sectors
for
reporting
ease.
(1)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets.
(2)
The
ratings
disclosed
are
the
lowest
of
Standard
&
Poor’s
Group
(“Standard
&
Poor’s”),
Moody’s
Investors
Service,
Inc.
(“Moody’s”)
or
Fitch,
Inc.
(“Fitch”)
rating.
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.
(3)
Investment,
or
a
portion
of
investment,
is
out
on
loan
for
securities
lending.
The
total
value
of
the
securities
out
on
loan
as
of
the
end
of
the
reporting
period
was
$1,190,307.
(4)
The
Fund
may
loan
securities
representing
up
to
one
third
of
the
market
value
of
its
total
assets
(which
includes
collateral
for
securities
on
loan)
to
broker
dealers,
banks,
and
other
institutions.
The
collateral
maintained
by
the
Fund
shall
have
a
market
value,
at
the
inception
of
each
loan,
equal
to
not
less
than
100%
of
the
market
value
of
the
loaned
securities.
The
cash
collateral
received
by
the
Fund
is
invested
in
this
money
market
fund.
(5)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
144A
Investment
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
investments
may
only
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
REIT
Real
Estate
Investment
Trust
WI/DD
Purchased
on
a
when-issued
or
delayed
delivery
basis.
58
Nuveen
Preferred
Securities
and
Income
Managed
Accounts
Portfolio
Portfolio
of
Investments
April
30,
2023
(Unaudited)
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
LONG-TERM
INVESTMENTS
-
98.5%
X
8,600,230
$1,000
PAR
(OR
SIMILAR)
INSTITUTIONAL
PREFERRED
-
57.4%
X
8,600,230
Automobiles
-
3.7%
$
650
General
Motors
Financial
Co
Inc
5.750%
N/A
(3)
BB+
$
551,700
Total
Automobiles
551,700
Banks
-
11.1%
540
CoBank
ACB
6.450%
N/A
(3)
BBB+
508,908
250
M&T
Bank
Corp
5.125%
N/A
(3)
Baa2
193,618
280
PNC
Financial
Services
Group
Inc/The
6.200%
N/A
(3)
Baa2
263,678
225
PNC
Financial
Services
Group
Inc/The
6.250%
N/A
(3)
Baa2
206,213
560
Truist
Financial
Corp
5.100%
N/A
(3)
Baa2
493,955
Total
Banks
1,666,372
Capital
Markets
-
2.9%
450
Charles
Schwab
Corp/The
5.375%
N/A
(3)
Baa2
428,344
Total
Capital
Markets
428,344
Consumer
Finance
-
5.6%
400
Ally
Financial
Inc
4.700%
N/A
(3)
Ba2
295,000
290
American
Express
Co
3.550%
N/A
(3)
Baa2
243,652
310
Discover
Financial
Services
6.125%
N/A
(3)
Ba1
293,471
Total
Consumer
Finance
832,123
Electric
Utilities
-
2.5%
400
Emera
Inc
6.750%
6/15/76
BB+
380,965
Total
Electric
Utilities
380,965
Independent
Power
and
Renewable
Electricity
Producers
-
1.9%
325
Vistra
Corp,
144A
7.000%
N/A
(3)
Ba3
291,469
Total
Independent
Power
and
Renewable
Electricity
Producers
291,469
Industrial
Conglomerates
-
1.2%
177
General
Electric
Co
(3-Month
LIBOR
reference
rate
+
3.330%
spread)
(4)
8.196%
N/A
(3)
BBB-
176,690
Total
Industrial
Conglomerates
176,690
Insurance
-
12.9%
300
Assurant
Inc
7.000%
3/27/48
Baa3
286,186
185
AXIS
Specialty
Finance
LLC
4.900%
1/15/40
BBB
148,695
270
Enstar
Finance
LLC
5.500%
1/15/42
BBB-
194,372
310
Markel
Corp
6.000%
N/A
(3)
BBB-
301,205
325
MetLife
Inc,
144A
9.250%
4/08/38
BBB
382,687
650
QBE
Insurance
Group
Ltd,
144A
5.875%
N/A
(3)
Baa2
613,720
Total
Insurance
1,926,865
Media
-
1.7%
300
Paramount
Global
6.375%
3/30/62
Baa3
257,328
Total
Media
257,328
Multi-Utilities
-
4.7%
190
Algonquin
Power
&
Utilities
Corp
4.750%
1/18/82
BB+
153,663
250
CenterPoint
Energy
Inc
6.125%
N/A
(3)
BBB-
238,125
330
Sempra
Energy
4.875%
N/A
(3)
BBB-
310,320
Total
Multi-Utilities
702,108
59
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
Oil,
Gas
&
Consumable
Fuels
-
3.1%
$
350
Energy
Transfer
LP
6.500%
N/A
(3)
BB
$
309,750
180
Transcanada
Trust
5.600%
3/07/82
BBB-
152,197
Total
Oil,
Gas
&
Consumable
Fuels
461,947
Trading
Companies
&
Distributors
-
4.1%
665
AerCap
Holdings
NV
(5)
5.875%
10/10/79
BB+
616,819
Total
Trading
Companies
&
Distributors
616,819
Wireless
Telecommunication
Services
-
2.0%
300
Vodafone
Group
PLC
7.000%
4/04/79
BB+
307,500
Total
Wireless
Telecommunication
Services
307,500
Total
$1,000
Par
(or
similar)
Institutional
Preferred
(cost
$8,623,222)
8,600,230
Principal
Amount
(000)
Description
(1),(6)
Coupon
Maturity
Ratings
(2)
Value
X
5,580,932
CONTINGENT
CAPITAL
SECURITIES
-
37.3%
X
5,580,932
Banks
-
31.6%
$
400
Banco
Bilbao
Vizcaya
Argentaria
SA
(5)
6.500%
N/A
(3)
Ba2
$
364,772
400
Banco
Santander
SA
(5)
4.750%
N/A
(3)
Ba1
311,320
515
Barclays
PLC
8.000%
N/A
(3)
BBB-
451,088
435
BNP
Paribas
SA,
144A
9.250%
N/A
(3)
BBB
447,354
275
BNP
Paribas
SA,
144A
7.750%
N/A
(3)
BBB
262,625
425
Credit
Agricole
SA,
144A
8.125%
N/A
(3)
BBB
421,092
370
HSBC
Holdings
PLC
6.000%
N/A
(3)
BBB
326,895
340
HSBC
Holdings
PLC
6.375%
N/A
(3)
BBB
322,192
450
ING
Groep
NV
5.750%
N/A
(3)
BBB
391,885
400
Lloyds
Banking
Group
PLC
7.500%
N/A
(3)
Baa3
379,236
330
NatWest
Group
PLC
6.000%
N/A
(3)
Baa3
309,342
370
Societe
Generale
SA,
144A
9.375%
N/A
(3)
BB+
351,278
200
Standard
Chartered
PLC,
144A
7.750%
N/A
(3)
BBB-
193,718
200
UniCredit
SpA
,
Reg
S
8.000%
N/A
(3)
BB-
193,050
Total
Banks
4,725,847
Capital
Markets
-
5.7%
400
Credit
Suisse
Group
AG,
144A
7.500%
N/A
(3)
C
15,000
310
Credit
Suisse
Group
AG,
144A
9.750%
N/A
(3)
C
11,625
400
Deutsche
Bank
AG
6.000%
N/A
(3)
Ba2
297,960
400
UBS
Group
AG,
144A
7.000%
N/A
(3)
BBB
375,000
200
UBS
Group
AG,
144A
4.875%
N/A
(3)
BBB
155,500
Total
Capital
Markets
855,085
Total
Contingent
Capital
Securities
(cost
$6,192,098)
5,580,932
Shares
Description
(1)
Coupon
Ratings
(2)
Value
X
566,830
$25
PAR
(OR
SIMILAR)
RETAIL
PREFERRED
-
3.8%
X
566,830
Banks
-
2.0%
3,000
Farm
Credit
Bank
of
Texas,
144A
6.750%
Baa1
$
292,500
Total
Banks
292,500
Food
Products
-
1.0%
6,000
CHS
Inc
6.750%
N/R
150,480
Total
Food
Products
150,480
Nuveen
Preferred
Securities
and
Income
Managed
Accounts
Portfolio
(con-
tinued)
Portfolio
of
Investments
April
30,
2023
60
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
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
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.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
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
management’s
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
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Shares
Description
(1)
Coupon
Ratings
(2)
Value
Oil,
Gas
&
Consumable
Fuels
-
0.8%
5,000
NuStar
Energy
LP
12.065%
B2
$
123,850
Total
Oil,
Gas
&
Consumable
Fuels
123,850
Total
$25
Par
(or
similar)
Retail
Preferred
(cost
$560,290)
566,830
Total
Long-Term
Investments
(cost
$15,375,610)
14,747,992
Shares
Description
(1)
Coupon
Value
INVESTMENTS
PURCHASED
WITH
COLLATERAL
FROM
SECURITIES
LENDING
-
5.3%
X
795,689
MONEY
MARKET
FUNDS
-
5.3%
X
795,689
795,689
State
Street
Navigator
Securities
Lending
Government
Money
Market
Portfolio
(7)
4.840%(8)
$
795,689
Total
Investments
Purchased
with
Collateral
from
Securities
Lending
(cost
$795,689)
795,689
Total
Investments
(cost
$16,171,299
)
-
103.8%
$
15,543,681
Other
Assets
&
Liabilities,
Net
- (3.8)%
(562,151)
Net
Assets
-
100%
$
14,981,530
Preferred
Securities
and
Income
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
$1,000
Par
(or
similar)
Institutional
Preferred
$
–
$
8,600,230
$
–
$
8,600,230
Contingent
Capital
Securities
–
5,580,932
–
5,580,932
$25
Par
(or
similar)
Retail
Preferred
566,830
–
–
566,830
Investments
Purchased
with
Collateral
from
Securities
Lending
795,689
–
–
795,689
Total
$
1,362,519
$
14,181,162
$
–
$
15,543,681
1
For
Fund
portfolio
compliance
purposes,
the
Fund’s
industry
classifications
refer
to
any
one
or
more
of
the
industry
sub-classifications
used
by
one
or
more
widely
recognized
market
indexes
or
ratings
group
indexes,
and/or
as
defined
by
Fund
management.
This
definition
may
not
apply
for
purposes
of
this
report,
which
may
combine
industry
sub-classifications
into
sectors
for
reporting
ease.
(1)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets.
(2)
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.
(3)
Perpetual
security.
Maturity
date
is
not
applicable.
61
(4)
Variable
rate
security.
The
rate
shown
is
the
coupon
as
of
the
end
of
the
reporting
period.
(5)
Investment,
or
a
portion
of
investment,
is
out
on
loan
for
securities
lending.
The
total
value
of
the
securities
out
on
loan
as
of
the
end
of
the
reporting
period
was
$768,428.
(6)
Contingent
Capital
Securities
(“CoCos”)
are
hybrid
securities
with
loss
absorption
characteristics
built
into
the
terms
of
the
security
for
the
benefit
of
the
issuer.
For
example,
the
terms
may
specify
an
automatic
write-down
of
principal
or
a
mandatory
conversion
into
the
issuer’s
common
stock
under
certain
adverse
circumstances,
such
as
the
issuer’s
capital
ratio
falling
below
a
specified
level.
(7)
The
Fund
may
loan
securities
representing
up
to
one
third
of
the
market
value
of
its
total
assets
(which
includes
collateral
for
securities
on
loan)
to
broker
dealers,
banks,
and
other
institutions.
The
collateral
maintained
by
the
Fund
shall
have
a
market
value,
at
the
inception
of
each
loan,
equal
to
not
less
than
100%
of
the
market
value
of
the
loaned
securities.
The
cash
collateral
received
by
the
Fund
is
invested
in
this
money
market
fund.
(8)
The
rate
shown
is
the
one-day
yield
as
of
the
end
of
the
reporting
period.
144A
Investment
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
investments
may
only
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
LIBOR
London
Inter-Bank
Offered
Rate
Reg
S
Regulation
S
allows
U.S.
companies
to
sell
securities
to
persons
or
entities
located
outside
of
the
United
States
without
registering
those
securities
with
the
Securities
and
Exchange
Commission.
Specifically,
Regulation
S
provides
a
safe
harbor
from
the
registration
requirements
of
the
Securities
Act
for
the
offers
and
sales
of
securities
by
both
foreign
and
domestic
issuers
that
are
made
outside
the
United
States.
62
Nuveen
Securitized
Credit
Managed
Accounts
Portfolio
Portfolio
of
Investments
April
30,
2023
(Unaudited)
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
LONG-TERM
INVESTMENTS
-
98.3%
X21,203,547.00
ASSET-BACKED
AND
MORTGAGE-BACKED
SECURITIES
-
98.3%
X
21,203,547
$
264
Avis
Budget
Rental
Car
Funding
AESOP
LLC,
2019
3A,
144A
2.360%
3/20/26
Aaa
$
250,540
500
Benchmark
2019-B11
Mortgage
Trust,
2019
B11
3.784%
5/15/52
AAA
449,699
199
Benchmark
2019-B15
Mortgage
Trust,
2019
B15
3.837%
12/15/72
A-
153,806
100
BX
2021-LBA3
Mortgage
Trust,
(1-Month
LIBOR
reference
rate
+
1.948%
spread),
2021
PAC,
144A(3)
6.896%
10/15/36
N/R
94,111
297
BX
Commercial
Mortgage
Trust
2019-XL,
(1-Month
LIBOR
reference
rate
+
2.114%
spread),
2019
XL,
144A(3)
2.110%
10/15/36
N/R
289,460
250
BX
Commercial
Mortgage
Trust
2021-CIP,
(1-Month
LIBOR
reference
rate
+
1.271%
spread),
2021
CIP,
144A(3)
6.219%
12/15/38
Aa3
239,244
242
BX
Commercial
Mortgage
Trust
2021-SOAR,
(1-Month
LIBOR
reference
rate
+
0.870%
spread),
2021
SOAR,
144A(3)
5.818%
6/15/38
AA-
232,920
93
BX
Trust
2022-IND,
(TSFR1M
reference
rate
+
2.839%
spread),
2022
IND,
144A(3)
7.499%
4/15/37
Baa3
88,714
570
CAMB
Commercial
Mortgage
Trust
2021-CX2,
2021
CX2,
144A
2.700%
11/10/46
AAA
464,968
250
Capital
One
Multi-Asset
Execution
Trust,
(1-Month
LIBOR
reference
rate
+
0.580%
spread),
2017
A5(3)
5.528%
7/15/27
AAA
249,962
275
Carmax
Auto
Owner
Trust
2019-4,
2019
4
2.800%
4/15/26
AA
268,175
300
Connecticut
Avenue
Securities
Trust
2022-R03,
(SOFR30A
reference
rate
+
3.500%
spread),
2022
R03,
144A(3)
8.315%
3/25/42
BBB-
305,803
300
Connecticut
Avenue
Securities
Trust
2022-R04,
(SOFR30A
reference
rate
+
3.100%
spread),
2022
R04,
144A(3)
7.915%
3/25/42
BBB-
303,357
300
Connecticut
Avenue
Securities
Trust
2022-R05,
(SOFR30A
reference
rate
+
3.000%
spread),
2022
R05,
144A(3)
7.815%
4/25/42
Baa3
297,366
300
Connecticut
Avenue
Securities
Trust
2022-R07,
(SOFR30A
reference
rate
+
4.650%
spread),
2022
R07,
144A(3)
9.474%
6/25/42
BBB-
318,437
300
Connecticut
Avenue
Securities
Trust
2022-R09,
(SOFR30A
reference
rate
+
4.750%
spread),
2022
R09,
144A(3)
9.574%
9/25/42
Baa3
313,284
315
Connecticut
Avenue
Securities
Trust
2023-R01,
(SOFR30A
reference
rate
+
3.750%
spread),
2023
R01,
144A(3)
8.574%
12/25/42
BBB-
320,929
125
DBWF
Mortgage
Trust,
2015
LCM,
144A
2.998%
6/10/34
AAA
117,196
410
Fannie
Mae
Pool,
FN
MA4701,
2022
1
4.500%
7/01/52
N/R
400,416
102
Fannie
Mae
Pool,
FN
MA4761
5.000%
9/01/52
N/R
100,967
122
Fannie
Mae
Pool,
FN
MA4797
4.000%
11/01/37
N/R
119,707
654
Fannie
Mae
Pool,
FN
FS1535
3.000%
4/01/52
N/R
590,519
436
Fannie
Mae
Pool,
FN
MA4784
4.500%
10/01/52
N/R
425,866
287
Fannie
Mae
Pool,
FN
MA4655
4.000%
7/01/52
N/R
274,726
669
Fannie
Mae
Pool,
FN
FS0403
3.000%
1/01/52
N/R
604,658
636
Fannie
Mae
Pool,
FN
MA4700,
2022
1
4.000%
7/01/52
N/R
608,157
660
Fannie
Mae
Pool,
FN
MA4699,
2022
1
3.500%
7/01/52
N/R
613,348
200
Fannie
Mae
Pool,
FN
MA4255
2.000%
2/01/51
N/R
167,066
591
Fannie
Mae
Pool,
FN
MA4733
4.500%
9/01/52
N/R
577,426
247
Fannie
Mae
Pool,
FN
MA4842,
2022
1
5.500%
12/01/52
N/R
248,725
321
Fannie
Mae
Pool,
FN
MA4783
4.000%
10/01/52
N/R
307,370
539
Fannie
Mae
Pool,
FN
MA4737
5.000%
8/01/52
N/R
536,447
535
Fannie
Mae
Pool,
FN
MA4805,
2022
1,
(WI/DD,
Settlling
5/11/2023)
4.500%
11/01/52
N/R
522,614
63
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
Principal
Amount
(000)
Description
(1)
Coupon
Maturity
Ratings
(2)
Value
X21,203,547.00
ASSET-BACKED
AND
MORTGAGE-BACKED
SECURITIES
(continued)
$
207
Fannie
Mae
Pool,
FN
310210,
2022
1
4.000%
5/01/44
N/R
$
201,889
687
Fannie
Mae
Pool,
FN
MA4305
2.000%
4/01/51
N/R
572,784
336
Fannie
Mae
Pool,
FN
MA4600,
2022
2
3.500%
5/01/52
N/R
312,693
594
Fannie
Mae
Pool,
FN
MA4732
4.000%
9/01/52
N/R
568,090
118
Freddie
Mac
Pool,
FR
SB8190
4.500%
11/01/37
N/R
117,103
46
Freddie
Mac
Pool,
FR
RA7211,
2022
1
4.000%
4/01/52
N/R
43,811
300
Freddie
Mac
STACR
REMIC
Trust
2021-DNA6,
(SOFR30A
reference
rate
+
1.500%
spread),
2021
DNA6,
144A(3)
6.315%
10/25/41
BBB-
289,225
300
Freddie
Mac
STACR
REMIC
Trust
2022-DNA2,
(SOFR30A
reference
rate
+
2.400%
spread),
2022
DNA2,
144A(3)
7.215%
2/25/42
BBB
295,835
300
Freddie
Mac
STACR
REMIC
Trust
2022-DNA5,
(SOFR30A
reference
rate
+
4.500%
spread),
2022
DNA5,
144A(3)
9.315%
6/25/42
BBB-
318,291
300
Freddie
Mac
STACR
REMIC
Trust
2022-HQA3,
(SOFR30A
reference
rate
+
3.550%
spread),
2022
HQA3,
144A(3)
8.365%
8/25/42
Baa3
301,804
300
Freddie
Mac
Structured
Agency
Credit
Risk
Debt
Notes,
(SOFR30A
reference
rate
+
4.000%
spread),
2022
HQA2,
144A(3)
8.815%
7/25/42
Baa3
307,570
74
Ginnie
Mae
II
Pool,
G2
MA8428
5.000%
11/20/52
N/R
73,731
127
Ginnie
Mae
II
Pool,
G2
MA8201
4.500%
8/20/52
N/R
124,780
391
Ginnie
Mae
II
Pool,
G2
MA8043
3.000%
5/20/52
N/R
356,438
401
Ginnie
Mae
II
Pool,
G2
MA8042
2.500%
5/20/52
N/R
354,698
596
Ginnie
Mae
II
Pool,
G2
MA8149
3.500%
7/20/52
N/R
559,648
269
Ginnie
Mae
II
Pool,
G2
MA8200
4.000%
8/20/52
N/R
258,472
350
GM
Financial
Consumer
Automobile
Receivables
Trust
2020-4,
2020
4
0.500%
2/17/26
AAA
330,751
575
GS
Mortgage
Securities
Trust
2017-GS6,
2017
GS6
3.638%
5/10/50
AAA
530,458
245
GS
Mortgage
Securities
Trust
2018-GS9,
2018
GS9
3.992%
3/10/51
Aaa
232,606
99
GS
Mortgage-Backed
Securities
Trust
2023-PJ1,
2023
PJ1,
144A
3.500%
2/25/53
Aa1
84,297
225
Hilton
Grand
Vacations
Trust
2019-A,
2019
AA,
144A
2.340%
7/25/33
AAA
211,445
250
JPMBB
Commercial
Mortgage
Securities
Trust
2014-
C23,
2014
C23
4.629%
9/15/47
Aa2
237,083
250
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
2014-C14,
2014
C14
5.037%
2/15/47
AAA
244,809
205
MVW
Owner
Trust
2017-1,
2017
1A,
144A
2.420%
12/20/34
AAA
202,599
292
MVW
Owner
Trust
2019-1,
2019
1A,
144A
2.890%
11/20/36
AAA
276,200
103
OBX
2018-1
Trust,
(1-Month
LIBOR
reference
rate
+
0.650%
spread),
2018
1,
144A(3)
5.670%
6/25/57
AAA
97,468
295
OBX
2022-INV5
Trust,
2022
INV5,
144A
4.000%
10/25/52
Aa1
261,424
94
Oceanview
Mortgage
Trust
2022-1,
2022
1,
144A
4.500%
11/25/52
Aaa
88,419
350
OneMain
Financial
Issuance
Trust
2021-1,
(SOFR30A
reference
rate
+
0.760%
spread),
2021
1A,
144A(3)
5.502%
6/16/36
AAA
338,132
150
PFS
Financing
Corp,
2021
A,
144A
0.710%
4/15/26
AAA
142,937
400
Santander
Drive
Auto
Receivables
Trust
2022-5,
2022
5
4.110%
8/17/26
AAA
395,298
236
Taco
Bell
Funding
LLC,
2016
1A,
144A
4.970%
5/25/46
BBB
231,078
500
Toyota
Auto
Loan
Extended
Note
Trust
2020-1,
2020
1A,
144A
1.350%
5/25/33
AAA
466,434
500
Wells
Fargo
Commercial
Mortgage
Trust
2015-NXS2,
2015
NXS2
3.767%
7/15/58
Aaa
481,317
165
Wells
Fargo
Commercial
Mortgage
Trust
2017-C38,
2017
C38
3.917%
7/15/50
AA-
148,184
350
Wells
Fargo
Commercial
Mortgage
Trust
2021-C60,
2021
C60
2.342%
8/15/54
Aaa
289,763
Total
Asset-Backed
and
Mortgage-Backed
Securities
(cost
$20,418,794)
21,203,547
Total
Long-Term
Investments
(cost
$20,418,794)
21,203,547
Other
Assets
&
Liabilities,
Net
- 1.7%
373,214
Net
Assets
-
100%
$
21,576,761
Nuveen
Securitized
Credit
Managed
Accounts
Portfolio
(continued)
Portfolio
of
Investments
April
30,
2023
(Unaudited)
64
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
utilizing
valuation
methods
approved
by
the
Board
of
Directors/
Trustees.
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.
U.S.
GAAP
establishes
the
three-tier
hierarchy
which
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
management’s
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
following
table
summarizes
the
market
value
of
the
Fund's
investments
as
of
the
end
of
the
reporting
period,
based
on
the
inputs
used
to
value
them:
Securitized
Credit
Level
1
Level
2
Level
3
Total
Long-Term
Investments:
Asset-Backed
and
Mortgage-Backed
Securities
$
–
$
21,203,547
$
–
$
21,203,547
Total
$
–
$
21,203,547
$
–
$
21,203,547
1
(1)
All
percentages
shown
in
the
Portfolio
of
Investments
are
based
on
net
assets.
(2)
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.
(3)
Variable
rate
security.
The
rate
shown
is
the
coupon
as
of
the
end
of
the
reporting
period.
144A
Investment
is
exempt
from
registration
under
Rule
144A
of
the
Securities
Act
of
1933,
as
amended.
These
investments
may
only
be
resold
in
transactions
exempt
from
registration,
which
are
normally
those
transactions
with
qualified
institutional
buyers.
LIBOR
London
Inter-Bank
Offered
Rate
SOFR
30A
30
Day
Average
Secured
Overnight
Financing
Rate
TSFR
1M
CME
Term
SOFR
1
Month
WI/DD
Purchased
on
a
when-issued
or
delayed
delivery
basis.