| Municipal Bonds - 60.4% |
| | | Principal Amount (a) | Value ($) |
| Alabama - 1.8% | | | |
| Black Belt Energy Gas District: | | | |
| Bonds Series 2022 D1, 4%, tender 6/1/27 (b) | | 3,585,000 | 3,624,220 |
| Series 2022 C, 5.25% 6/1/24 | | 90,000 | 90,092 |
| Series 2022 C1: | | | |
5.25% 12/1/24 | | 255,000 | 256,554 |
5.25% 12/1/25 | | 335,000 | 341,428 |
5.25% 6/1/26 | | 780,000 | 799,559 |
| Series 2022 E: | | | |
5% 6/1/24 | | 965,000 | 965,852 |
5% 6/1/25 | | 1,005,000 | 1,014,992 |
5% 6/1/26 | | 1,390,000 | 1,417,727 |
| Series 2023 C: | | | |
5.5% 6/1/26 | | 570,000 | 585,193 |
5.5% 6/1/27 | | 245,000 | 255,148 |
| Jefferson County Swr. Rev. Series 2024: | | | |
| 5% 10/1/24 | | 200,000 | 201,154 |
| 5% 10/1/25 | | 900,000 | 920,010 |
| 5% 10/1/26 | | 545,000 | 566,496 |
| 5% 10/1/27 | | 500,000 | 529,435 |
| Mobile Indl. Dev. Board Poll. Cont. Rev. Bonds (Alabama Pwr. Co. Barry Plant Proj.): | | | |
| Series 2007 C, 3.78%, tender 6/16/26 (b) | | 875,000 | 875,421 |
| Series 2008, 3.65%, tender 1/10/25 (b) | | 6,735,000 | 6,711,818 |
| Southeast Alabama Gas Supply District Bonds: | | | |
| (Proj. No. 2) Series 2018 A, 4%, tender 6/1/24 (b) | | 6,300,000 | 6,298,493 |
| Series 2018 A, 4%, tender 4/1/24 (b) | | 755,000 | 755,083 |
| Southeast Energy Auth. Rev. (Proj. No. 2) Series 2021 B1: | | | |
| 4% 6/1/24 | | 325,000 | 324,621 |
| 4% 6/1/25 | | 390,000 | 388,924 |
TOTAL ALABAMA | | | 26,922,220 |
| Alaska - 0.1% | | | |
| Alaska Int'l. Arpts. Revs. Series 2021 C, 5% 10/1/25 (c) | | 1,075,000 | 1,091,827 |
| Arizona - 3.7% | | | |
| Arizona Health Facilities Auth. Rev. (Scottsdale Lincoln Hospitals Proj.) Series 2014 A, 5% 12/1/24 | | 635,000 | 639,843 |
| Chandler Indl. Dev. Auth. Indl. Dev. Rev. Bonds (Intel Corp. Proj.): | | | |
| Series 2019, 5%, tender 6/3/24 (b)(c) | | 30,360,000 | 30,392,704 |
| Series 2022 2, 5%, tender 9/1/27 (b)(c) | | 12,550,000 | 12,932,086 |
| Coconino County Poll. Cont. Corp. Rev. Bonds (Navada Pwr. Co. Projs.) Series 2017 A, 4.125%, tender 3/31/26 (b)(c) | | 1,460,000 | 1,453,094 |
| Maricopa County Rev. Bonds: | | | |
| Series 2023 A1, 5%, tender 5/15/26 (b) | | 2,390,000 | 2,463,933 |
| Series C, 5%, tender 10/18/24 (b) | | 600,000 | 603,336 |
| Phoenix Civic Impt. Board Arpt. Rev.: | | | |
| Series 2018, 5% 7/1/24 (c) | | 500,000 | 501,137 |
| Series 2023: | | | |
5% 7/1/24 (c) | | 570,000 | 571,296 |
5% 7/1/26 (c) | | 1,155,000 | 1,193,643 |
| Phoenix Indl. Solid Waste Disp. Rev. Bonds (Republic Svc., Inc. Proj.) Series 2013, 4.1%, tender 5/1/24 (b)(c) | | 4,800,000 | 4,797,526 |
TOTAL ARIZONA | | | 55,548,598 |
| California - 4.8% | | | |
| Anaheim Pub. Fing. Auth. Lease Rev. Series 1997, 0% 9/1/25 (Assured Guaranty Muni. Corp. Insured) | | 6,355,000 | 6,067,851 |
| California Health Facilities Fing. Auth. Rev. Bonds Series 2016 B2, 4%, tender 10/1/24 (b) | | 8,315,000 | 8,296,477 |
| California Muni. Fin. Auth. Envir. Bonds (Aymium Williams Proj.) Series 2023, 4%, tender 6/26/24 (b)(c)(d) | | 4,445,000 | 4,436,328 |
| California Muni. Fin. Auth. Solid Waste Disp. Rev. Bonds: | | | |
| (Republic Svcs., Inc. Proj.): | | | |
Series 2021 A, 4.7%, tender 4/1/24 (b)(c) | | 8,450,000 | 8,450,000 |
Series 2021 B, 4%, tender 7/15/24 (b)(c) | | 9,655,000 | 9,636,618 |
| (Waste Mgmt., Inc. Proj.): | | | |
Series 2009 A, 1.3%, tender 2/3/25 (b)(d) | | 475,000 | 464,056 |
Series 2017 A, 4.25%, tender 12/2/24 (b)(c) | | 8,005,000 | 8,023,945 |
| California Poll. Cont. Fing. Auth. Solid Waste Disp. Rev. Bonds (Republic Svcs. INC. Proj.) Series 2023, 4.125%, tender 8/15/24 (b)(c)(d) | | 6,100,000 | 6,088,472 |
| Los Angeles Dept. Arpt. Rev.: | | | |
| Series 2019 A, 5% 5/15/24 (c) | | 450,000 | 450,483 |
| Series 2020 C, 5% 5/15/24 (c) | | 320,000 | 320,343 |
| Series 2022 C: | | | |
5% 5/15/25 (c) | | 935,000 | 949,710 |
5% 5/15/26 (c) | | 2,285,000 | 2,352,854 |
| Series 2022 G, 5% 5/15/25 (c) | | 630,000 | 639,911 |
| Series 2023 A: | | | |
5% 5/15/24 (c) | | 445,000 | 445,477 |
5% 5/15/25 (c) | | 295,000 | 299,641 |
5% 5/15/26 (c) | | 510,000 | 525,145 |
| Series B, 5% 5/15/24 (c) | | 675,000 | 675,724 |
| Port of Oakland Rev. Series H, 5% 5/1/26 (c) | | 1,745,000 | 1,792,823 |
| San Diego County Reg'l. Arpt. Auth. Arpt. Rev. Series 2019 B, 5% 7/1/24 (c) | | 320,000 | 320,561 |
| San Francisco City & County Arpts. Commission Int'l. Arpt. Rev.: | | | |
| Series 2017 D, 5% 5/1/24 (c) | | 635,000 | 635,426 |
| Series 2019 H: | | | |
5% 5/1/24 (Escrowed to Maturity) (c) | | 350,000 | 350,220 |
5% 5/1/27 (c) | | 3,810,000 | 3,974,641 |
| Series 2023 A: | | | |
5% 5/1/24 (c) | | 1,590,000 | 1,591,066 |
5% 5/1/25 (c) | | 960,000 | 974,082 |
5% 5/1/26 (c) | | 3,760,000 | 3,863,047 |
| San Jose Int. Arpt. Rev. Series 2021 B, 5% 3/1/25 | | 240,000 | 243,900 |
TOTAL CALIFORNIA | | | 71,868,801 |
| Colorado - 1.0% | | | |
| Colorado Health Facilities Auth. Rev. Bonds Series 2022 A: | | | |
| 5% 11/1/24 | | 275,000 | 277,252 |
| 5% 11/1/25 | | 255,000 | 262,046 |
| Colorado Univ. Co. Hosp. Auth. Rev. Bonds Series 2019 C, 5%, tender 11/15/24 (b) | | 445,000 | 445,359 |
| Denver City & County Arpt. Rev.: | | | |
| Series 2017 A, 5% 11/15/24 (c) | | 525,000 | 528,807 |
| Series 2018 A, 5% 12/1/27 (c) | | 2,825,000 | 2,983,627 |
| Series 2022 A: | | | |
5% 11/15/24 (c) | | 635,000 | 639,605 |
5% 11/15/25 (c) | | 1,555,000 | 1,592,808 |
| Series 2022 D: | | | |
5% 11/15/25 (c) | | 2,540,000 | 2,601,757 |
5.25% 11/15/26 (c) | | 3,165,000 | 3,307,447 |
| Maiker Hsg. Partners Colo Multi Bonds Series 2023, 4.5%, tender 5/1/26 (b) | | 2,017,000 | 2,018,030 |
TOTAL COLORADO | | | 14,656,738 |
| Connecticut - 2.0% | | | |
| Connecticut Gen. Oblig.: | | | |
| Series 2013 A, 4.44% 3/1/25 (b) | | 685,000 | 687,762 |
| Series 2016 B, 5% 5/15/25 | | 320,000 | 326,059 |
| Series A, 3% 4/15/24 | | 320,000 | 319,833 |
| Connecticut Health & Edl. Facilities Auth. Rev.: | | | |
| Bonds: | | | |
Series 1999 U2, 1.1%, tender 2/11/25 (b) | | 2,285,000 | 2,224,945 |
Series 2010 A3, 2.95%, tender 7/1/27 (b) | | 2,610,000 | 2,572,762 |
Series 2010 A4, 1.1%, tender 2/11/25 (b) | | 5,750,000 | 5,598,877 |
Series 2014 B, 1.8%, tender 7/1/24 (b) | | 625,000 | 620,294 |
Series 2017 B2, 3.2%, tender 7/1/26 (b) | | 1,850,000 | 1,846,453 |
Series 2017 C2, 2.8%, tender 2/3/26 (b) | | 10,995,000 | 10,804,320 |
| Series 2022 L, 5% 7/1/25 | | 285,000 | 289,955 |
| Connecticut Spl. Tax Oblig. Trans. Infrastructure Rev.: | | | |
| Series 2015 A, 5% 8/1/26 | | 635,000 | 649,114 |
| Series 2021 A, 5% 5/1/26 | | 805,000 | 836,077 |
| Hartford Gen. Oblig. Series 2015 C, 5% 7/15/25 (Assured Guaranty Muni. Corp. Insured) | | 1,215,000 | 1,242,015 |
| New Haven Gen. Oblig. Series 2023: | | | |
| 5% 8/1/24 | | 380,000 | 380,885 |
| 5% 8/1/25 | | 320,000 | 324,894 |
| 5% 8/1/26 (Build America Mutual Assurance Insured) | | 445,000 | 461,492 |
| 5% 8/1/27 (Build America Mutual Assurance Insured) | | 415,000 | 437,907 |
TOTAL CONNECTICUT | | | 29,623,644 |
| Delaware - 0.0% | | | |
| Delaware Econ. Dev. Auth. Rev. Bonds (Delmarva Pwr. & Lt. Co. Proj.) Series A, 1.05%, tender 7/1/25 (b) | | 370,000 | 355,509 |
| District Of Columbia - 1.0% | | | |
| Metropolitan Washington DC Arpts. Auth. Sys. Rev.: | | | |
| Series 2014 A, 5% 10/1/26 (c) | | 605,000 | 606,940 |
| Series 2018 A, 5% 10/1/24 (c) | | 3,605,000 | 3,622,610 |
| Series 2019 A: | | | |
5% 10/1/24 (c) | | 1,905,000 | 1,914,306 |
5% 10/1/26 (c) | | 825,000 | 855,134 |
| Series 2020 A, 5% 10/1/24 (c) | | 4,575,000 | 4,597,349 |
| Series 2022 A, 5% 10/1/24 (c) | | 825,000 | 829,030 |
| Series 2023 A, 5% 10/1/26 (c) | | 1,250,000 | 1,295,658 |
| Washington Metropolitan Area Transit Auth. Series 2023 A, 5% 7/15/25 | | 635,000 | 648,877 |
TOTAL DISTRICT OF COLUMBIA | | | 14,369,904 |
| Florida - 2.9% | | | |
| Broward County Arpt. Sys. Rev. Series 2017, 5% 10/1/24 (c) | | 320,000 | 321,031 |
| Broward County Fin. Auth. Multi-family Hsg. Rev. Bonds Series 2023, 4.05%, tender 3/1/26 (b) | | 1,191,000 | 1,195,851 |
| Broward County Port Facilities Rev. Series 2022, 5% 9/1/27 (c) | | 1,265,000 | 1,319,992 |
| Broward County School Board Ctfs. of Prtn. Series 2022 A, 5% 7/1/25 | | 1,010,000 | 1,029,794 |
| Citizens Property Ins. Corp. Series 2015 A1, 5% 6/1/25 (Pre-Refunded to 12/1/24 @ 100) | | 2,990,000 | 3,014,765 |
| Duval County School Board Ctfs. of Prtn. Series 2022 A: | | | |
| 5% 7/1/25 (Assured Guaranty Muni. Corp. Insured) | | 1,775,000 | 1,810,878 |
| 5% 7/1/26 (Assured Guaranty Muni. Corp. Insured) | | 3,115,000 | 3,240,019 |
| Florida Hsg. Fin. Corp. Multi-family Mtg. Rev. Bonds: | | | |
| Series 2023 B, 5%, tender 2/1/26 (b) | | 985,000 | 1,006,058 |
| Series 2023 C, 5%, tender 12/1/25 (b) | | 705,000 | 716,198 |
| Greater Orlando Aviation Auth. Arpt. Facilities Rev. Series 2016 A, 5% 10/1/25 (Escrowed to Maturity) (c) | | 365,000 | 371,245 |
| Hillsborough Co. Sldwst and Resource Receivables Series 2016 A, 5% 9/1/26 (c) | | 1,435,000 | 1,480,578 |
| Hillsborough County Aviation Auth. Rev. Series 2022 A: | | | |
| 5% 10/1/24 (c) | | 2,905,000 | 2,919,049 |
| 5% 10/1/25 (c) | | 1,180,000 | 1,203,467 |
| Jacksonville Spl. Rev. Series 2022 A: | | | |
| 5% 10/1/24 | | 370,000 | 372,753 |
| 5% 10/1/25 | | 290,000 | 297,943 |
| Lee County Arpt. Rev. Series 2021 A, 5% 10/1/24 (c) | | 970,000 | 973,504 |
| Lee County Hsg. Fin. Auth. Multi-family Hsg. Rev. Bonds Series 2023 A, 3.55%, tender 8/1/27 (b) | | 1,588,000 | 1,571,655 |
| Miami Dade County Hsg. Multifamily Hsg. Rev. Bonds: | | | |
| Series 2023 B, 4.05%, tender 9/1/25 (b) | | 695,000 | 695,029 |
| Series 2023: | | | |
3.55%, tender 1/1/26 (b) | | 2,965,000 | 2,930,575 |
5%, tender 9/1/25 (b) | | 2,415,000 | 2,443,986 |
5%, tender 9/1/25 (b) | | 1,330,000 | 1,348,521 |
5%, tender 10/1/25 (b) | | 4,055,000 | 4,130,897 |
| Miami-Dade County Aviation Rev. Series 2012 A, 5% 10/1/24 | | 570,000 | 570,460 |
| Miami-Dade County Indl. Dev. Auth. Solid Waste Disp. Rev. Bonds Series 2011, 5%, tender 11/1/24 (b)(c) | | 2,380,000 | 2,385,206 |
| Okeechobee County Solid Waste Rev. Bonds (Waste Mgmt., Inc.-Okeechobee Landfill Proj.) Series 2004 A, 0.55%, tender 7/1/24 (b) | | 955,000 | 946,272 |
| Orange County Health Facilities Auth. Bonds Series 2021 C, 5%, tender 11/15/26 (b) | | 1,815,000 | 1,891,433 |
| Orlando Utils. Commission Util. Sys. Rev. Series 2013 A, 5% 10/1/24 | | 320,000 | 322,223 |
| Pasco County Tax Alloc Series 2023 A, 5.25% 9/1/25 (Assured Guaranty Muni. Corp. Insured) | | 160,000 | 163,636 |
| Pasco County School Board Ctfs. of Prtn. Series 2022 A, 5% 8/1/26 | | 665,000 | 691,367 |
| Polk County Hsg. Fin. Auth. Multi-family Hsg. Rev. Bonds Series 2023, 4.15%, tender 6/1/26 (b) | | 1,296,000 | 1,305,995 |
TOTAL FLORIDA | | | 42,670,380 |
| Georgia - 1.0% | | | |
| Atlanta Arpt. Rev. Series 2020 B, 5% 7/1/25 (c) | | 710,000 | 721,302 |
| Burke County Indl. Dev. Auth. Poll. Cont. Rev. Bonds (Georgia Pwr. Co. Plant Vogtle Proj.): | | | |
| Series 1994 4, 3.8%, tender 5/21/26 (b) | | 1,885,000 | 1,895,766 |
| Series 2008 2, 3.375%, tender 3/12/27 (b) | | 730,000 | 725,518 |
| Series 2012, 2.875%, tender 8/19/25 (b) | | 2,270,000 | 2,220,108 |
| Fayette County Hosp. Auth. Rev. Bonds (Piedmont Healthcare, Inc. Proj.) Series 2019 A, 5%, tender 7/1/24 (b) | | 725,000 | 726,129 |
| Georgia Muni. Elec. Auth. Pwr. Rev.: | | | |
| Series 2021 A, 5% 1/1/25 (Assured Guaranty Muni. Corp. Insured) | | 125,000 | 126,155 |
| Series 2022 A: | | | |
5% 7/1/24 (Assured Guaranty Muni. Corp. Insured) | | 215,000 | 215,398 |
5% 7/1/25 (Assured Guaranty Muni. Corp. Insured) | | 220,000 | 223,341 |
5% 7/1/26 (Assured Guaranty Muni. Corp. Insured) | | 230,000 | 238,858 |
| Main Street Natural Gas, Inc.: | | | |
| Bonds Series 2019 B, 4%, tender 12/2/24 (b) | | 1,290,000 | 1,291,665 |
| Series 2022 A, 4% 12/1/25 | | 800,000 | 794,345 |
| Series 2023 B: | | | |
5% 9/1/25 | | 220,000 | 222,544 |
5% 9/1/26 | | 430,000 | 440,101 |
| Series 2023 D: | | | |
5% 12/1/24 | | 190,000 | 190,344 |
5% 12/1/25 | | 350,000 | 353,356 |
5% 12/1/26 | | 195,000 | 198,531 |
| Series 2024 A1: | | | |
5% 3/1/25 | | 345,000 | 347,158 |
5% 9/1/25 | | 320,000 | 323,700 |
5% 3/1/26 | | 430,000 | 437,293 |
5% 9/1/26 | | 350,000 | 358,222 |
5% 3/1/27 | | 700,000 | 719,747 |
5% 9/1/27 | | 625,000 | 646,774 |
| Series 2025 B, 5% 9/1/25 | | 325,000 | 328,758 |
| Monroe County Dev. Auth. Poll. Cont. Rev. Bonds (Georgia Pwr. Co. Plant Scherer Proj.) Series 2012, 3.875%, tender 3/6/26 (b) | | 1,725,000 | 1,736,226 |
TOTAL GEORGIA | | | 15,481,339 |
| Guam - 0.1% | | | |
| Guam Pwr. Auth. Rev. Series 2022 A: | | | |
| 5% 10/1/24 | | 785,000 | 786,878 |
| 5% 10/1/25 | | 980,000 | 991,924 |
TOTAL GUAM | | | 1,778,802 |
| Hawaii - 0.2% | | | |
| Honolulu City & County Multi-family housing Rev. Bonds Series 2023, 5%, tender 6/1/26 (b) | | 3,480,000 | 3,570,638 |
| Illinois - 5.1% | | | |
| Chicago Midway Arpt. Rev. Series 2023, 5% 1/1/27 (Build America Mutual Assurance Insured) (c) | | 635,000 | 661,005 |
| Chicago O'Hare Int'l. Arpt. Rev.: | | | |
| Series 2022 A, 5% 1/1/25 (c) | | 695,000 | 699,479 |
| Series 2022 C: | | | |
5% 1/1/25 (c) | | 1,430,000 | 1,439,216 |
5% 1/1/26 (c) | | 760,000 | 775,506 |
| Chicago Transit Auth. Cap. Grant Receipts Rev. Series 2021, 5% 6/1/24 | | 395,000 | 395,298 |
| Chicago Wtr. Rev.: | | | |
| Series 2017 2, 5% 11/1/24 | | 635,000 | 638,562 |
| Series 2023 B: | | | |
5% 11/1/24 | | 795,000 | 799,459 |
5% 11/1/25 | | 635,000 | 648,112 |
| Cook County Gen. Oblig.: | | | |
| Series 2021 A, 5% 11/15/24 | | 285,000 | 286,997 |
| Series 2022 A: | | | |
5% 11/15/24 | | 3,775,000 | 3,801,453 |
5% 11/15/25 | | 2,775,000 | 2,840,709 |
| Cook County Sales Tax Rev. Series 2022 A, 5% 11/15/25 | | 430,000 | 441,139 |
| Illinois Dev. Fin. Auth. Solid Waste Disp. Rev. Bonds (Waste Mgmt., Inc. Proj.) Series 2019, 5%, tender 11/1/24 (b)(c) | | 7,940,000 | 7,957,367 |
| Illinois Fin. Auth. Series 2022 A, 5% 10/1/24 | | 100,000 | 99,933 |
| Illinois Gen. Oblig.: | | | |
| Series 2016, 5% 11/1/24 | | 510,000 | 514,199 |
| Series 2017 D: | | | |
5% 11/1/24 | | 16,645,000 | 16,780,129 |
5% 11/1/26 | | 930,000 | 969,834 |
5% 11/1/27 | | 945,000 | 1,004,376 |
| Series 2019 B, 5% 9/1/25 | | 380,000 | 387,895 |
| Series 2022 A, 5% 3/1/25 | | 1,315,000 | 1,332,543 |
| Series 2022 B: | | | |
5% 3/1/25 | | 10,325,000 | 10,462,746 |
5% 3/1/26 | | 3,850,000 | 3,965,368 |
| Series 2023 C, 5% 5/1/26 | | 2,540,000 | 2,623,791 |
| Series 2023 D, 5% 7/1/25 | | 7,985,000 | 8,134,541 |
| Illinois Hsg. Dev. Auth. Multi-family Hsg. Rev. Bonds Series 2023: | | | |
| 4%, tender 6/1/25 (b) | | 1,868,000 | 1,865,618 |
| 5%, tender 2/1/26 (b) | | 893,000 | 908,290 |
| 5%, tender 2/1/26 (b) | | 966,000 | 982,540 |
| Illinois Sales Tax Rev. Series 2021 C, 5% 6/15/25 | | 170,000 | 173,352 |
| McHenry County Conservation District Gen. Oblig. Series 2014, 5% 2/1/25 | | 1,270,000 | 1,284,576 |
| Metropolitan Pier & Exposition: | | | |
| Series 2010 B1, 0% 6/15/26 (Assured Guaranty Muni. Corp. Insured) | | 720,000 | 666,363 |
| Series 2022 A, 3% 6/15/24 | | 1,190,000 | 1,186,089 |
| Railsplitter Tobacco Settlement Auth. Rev. Series 2017, 5% 6/1/26 (Escrowed to Maturity) | | 635,000 | 657,292 |
| Univ. of Illinois Rev. Series 2023, 5% 10/1/27 | | 255,000 | 269,061 |
TOTAL ILLINOIS | | | 75,652,838 |
| Indiana - 1.3% | | | |
| Indiana Fin. Auth. Econ. Dev. Rev. Bonds (Republic Svcs., Inc. Proj.): | | | |
| Series 2012, 4.2%, tender 6/3/24 (b)(c) | | 550,000 | 549,583 |
| Series A, 4.2%, tender 6/3/24 (b)(c) | | 3,000,000 | 2,997,724 |
| Indianapolis Local Pub. Impt.: | | | |
| (Indianapolis Arpt. Auth. Proj.) Series 2019 D, 5% 1/1/25 (c) | | 3,665,000 | 3,686,470 |
| Indianapolis Arpt. Auth. Proj. Series 2019 D, 5% 1/1/26 (c) | | 3,035,000 | 3,092,801 |
| Series 2016, 5% 1/1/26 (c) | | 1,270,000 | 1,294,187 |
| Series 2022 G2: | | | |
5% 1/1/25 (c) | | 55,000 | 55,322 |
5% 1/1/26 (c) | | 255,000 | 259,856 |
| Indianapolis Local Pub. Impt. Bond Bank (Indianapolis Arpt. Auth. Proj.) Series 2023 I2: | | | |
| 5% 1/1/25 (c) | | 1,090,000 | 1,096,385 |
| 5% 1/1/26 (c) | | 665,000 | 677,665 |
| 5% 1/1/27 (c) | | 1,335,000 | 1,387,182 |
| Whiting Envir. Facilities Rev. Bonds (BP Products North America, Inc. Proj.) Series 2017, 5%, tender 11/1/24 (b)(c) | | 3,725,000 | 3,734,144 |
TOTAL INDIANA | | | 18,831,319 |
| Iowa - 0.0% | | | |
| Iowa Student Ln. Liquidity Corp. Student Ln. Rev.: | | | |
| Series 2015 A, 5% 12/1/24 (c) | | 320,000 | 321,959 |
| Series 2023 B, 5% 12/1/26 (c) | | 380,000 | 389,500 |
TOTAL IOWA | | | 711,459 |
| Kansas - 0.0% | | | |
| Olathe Gen. Oblig. Series 2017 230, 2.5% 10/1/27 | | 720,000 | 685,175 |
| Kentucky - 1.0% | | | |
| Kentucky Asset/Liability Commission Gen. Fund Rev. Series 2021 A, 5% 11/1/24 | | 635,000 | 639,143 |
| Kentucky Econ. Dev. Fin. Auth. Solid Waste Disp. Rev. Bonds (Republic Svcs., Inc. Proj.) Series A, 4.2%, tender 6/3/24 (b)(c) | | 2,100,000 | 2,098,407 |
| Kentucky, Inc. Pub. Energy Bonds Series C1, 4%, tender 6/1/25 (b) | | 3,220,000 | 3,232,058 |
| Trimble County Envirl Facilities Re Bonds Series 2023, 4.7%, tender 6/1/27 (b)(c) | | 8,255,000 | 8,329,246 |
TOTAL KENTUCKY | | | 14,298,854 |
| Louisiana - 0.1% | | | |
| St. John Baptist Parish Rev. Bonds (Marathon Oil Corp.) Series 2017, 4.05%, tender 7/1/26 (b) | | 1,815,000 | 1,802,214 |
| Maine - 0.2% | | | |
| Maine Hsg. Auth. Mtg. Bonds Series 2023 B, 3.125%, tender 5/1/24 (b) | | 3,425,000 | 3,422,262 |
| Maryland - 0.5% | | | |
| Maryland Cmnty. Dev. Admin Dept. Hsg. & Cmnty. Dev. Series 2023 D, 3.5% 1/1/26 | | 4,810,000 | 4,768,361 |
| Maryland Dept. of Trans. Series 2022 A, 5% 12/1/24 | | 350,000 | 353,612 |
| Maryland Health & Higher Edl. Bonds Series 2020, 5%, tender 7/1/25 (b) | | 1,750,000 | 1,765,526 |
| Maryland Stadium Auth. Built to Learn Rev. Series 2022 A, 5% 6/1/25 | | 575,000 | 585,324 |
| Maryland Trans. Auth. Passenger Facility Charge Rev. Series 2019, 5% 6/1/24 (c) | | 635,000 | 635,300 |
TOTAL MARYLAND | | | 8,108,123 |
| Massachusetts - 0.9% | | | |
| Massachusetts Dev. Fin. Agcy. Rev.: | | | |
| Series 2016 I, 5% 7/1/25 | | 730,000 | 741,620 |
| Series 2021 I, 5% 10/1/24 | | 570,000 | 572,645 |
| Massachusetts Edl. Fing. Auth. Rev.: | | | |
| Series 2014 I, 5% 1/1/25 (c) | | 2,160,000 | 2,177,891 |
| Series 2017 A, 5% 7/1/25 (c) | | 910,000 | 924,931 |
| Series 2018 B, 5% 7/1/25 (c) | | 3,420,000 | 3,474,859 |
| Series 2019 B, 5% 7/1/25 (c) | | 635,000 | 645,186 |
| Series 2020 C, 5% 7/1/24 (c) | | 380,000 | 380,723 |
| Series 2022 B: | | | |
5% 7/1/24 (c) | | 335,000 | 335,637 |
5% 7/1/25 (c) | | 1,780,000 | 1,808,552 |
| Massachusetts School Bldg. Auth. Dedicated Sales Tax Rev. Series 2015 C, 5% 8/15/27 | | 2,925,000 | 3,002,729 |
TOTAL MASSACHUSETTS | | | 14,064,773 |
| Michigan - 0.9% | | | |
| Michigan Fin. Auth. Rev.: | | | |
| (Detroit Reg'l. Convention Facility Auth. Local Proj.) Series 2014 H1, 5% 10/1/24 | | 540,000 | 540,436 |
| Series 2015 D1, 0.55% 10/15/24 | | 1,080,000 | 1,059,883 |
| Series 2022: | | | |
5% 4/15/25 | | 1,805,000 | 1,833,551 |
5% 4/15/26 | | 3,010,000 | 3,117,326 |
| Michigan Hsg. Dev. Auth. Single Family Mtg. Rev. Series 2022 A, 2.5% 6/1/25 | | 770,000 | 751,147 |
| Oakland Univ. Rev.: | | | |
| Series 2022 A, 5% 3/1/25 | | 125,000 | 126,636 |
| Series 2022 B, 5% 3/1/25 | | 755,000 | 764,882 |
| Southfield Pub. Schools Series 2023: | | | |
| 5% 5/1/25 | | 1,270,000 | 1,292,146 |
| 5% 5/1/26 | | 1,475,000 | 1,530,570 |
| Wayne County Arpt. Auth. Rev.: | | | |
| Series 2015 F, 5% 12/1/26 (c) | | 565,000 | 573,530 |
| Series 2017 E, 4% 12/1/25 (c)(d) | | 1,095,000 | 1,093,725 |
TOTAL MICHIGAN | | | 12,683,832 |
| Minnesota - 0.4% | | | |
| Minneapolis & Saint Paul Metropolitan Arpts. Commission Arpt. Rev. Series 2022 B: | | | |
| 5% 1/1/25 (c) | | 870,000 | 875,799 |
| 5% 1/1/26 (c) | | 575,000 | 585,756 |
| Minnesota Hsg. Fin. Agcy.: | | | |
| Series 2022 A, 5% 8/1/24 | | 580,000 | 582,211 |
| Series 2022 B: | | | |
5% 8/1/24 | | 735,000 | 737,802 |
5% 8/1/25 | | 1,085,000 | 1,107,257 |
5% 8/1/26 | | 1,080,000 | 1,123,969 |
| Series H, 0.7% 7/1/24 (c) | | 125,000 | 123,419 |
| Northern Muni. Pwr. Agcy. Elec. Sys. Rev. Series 2023: | | | |
| 5% 1/1/25 | | 205,000 | 207,031 |
| 5% 1/1/26 | | 240,000 | 246,618 |
| 5% 1/1/27 | | 365,000 | 381,771 |
TOTAL MINNESOTA | | | 5,971,633 |
| Missouri - 0.1% | | | |
| Kansas City Planned Indl. Expansion Bonds Series 2023, 5%, tender 7/1/27 (b) | | 1,528,000 | 1,578,264 |
| Nebraska - 0.2% | | | |
| Central Plains Energy Proj. Rev. Bonds Series 2019, 2.5%, tender 8/1/25 (b) | | 2,230,000 | 2,180,672 |
| Nebraska Pub. Pwr. District Rev. Series 2017 B, 5% 1/1/25 | | 415,000 | 419,693 |
TOTAL NEBRASKA | | | 2,600,365 |
| Nevada - 0.7% | | | |
| Clark County Arpt. Rev. Series 2021 B, 5% 7/1/24 (c) | | 2,365,000 | 2,369,145 |
| Clark County Poll. Cont. Rev. Bonds (Nevada Pwr. Co. Proj.) Series 2017, 3.75%, tender 3/31/26 (b) | | 910,000 | 903,867 |
| Clark County School District: | | | |
| Series 2015 C, 5% 6/15/27 | | 1,145,000 | 1,177,851 |
| Series 2016 F, 4% 6/15/24 | | 320,000 | 320,020 |
| Series 2020 A, 3% 6/15/25 (Assured Guaranty Muni. Corp. Insured) | | 320,000 | 317,258 |
| Series 2021 C, 5% 6/15/25 | | 3,095,000 | 3,153,142 |
| Nevada Dept. of Bus. & Industry Bonds (Republic Svcs., Inc. Proj.) Series 2001, 4.5%, tender 6/3/24 (b)(c)(d) | | 2,500,000 | 2,499,085 |
TOTAL NEVADA | | | 10,740,368 |
| New Hampshire - 0.8% | | | |
| Nat'l. Fin. Auth. Solid Bonds (Waste Mgmt., Inc. Proj.): | | | |
| Series 2019 A2, 2.15%, tender 7/1/24 (b)(c) | | 2,540,000 | 2,526,620 |
| Series 2020 A3, 4.1%, tender 4/1/24 (b)(c) | | 6,350,000 | 6,350,000 |
| New Hampshire Health & Ed. Facilities Auth. Series 2023 B, 5.5% 11/1/26 (c) | | 190,000 | 197,982 |
| New Hampshire St Hsg. Fin.: | | | |
| Series 2023 3: | | | |
3.8% 7/1/26 | | 680,000 | 681,112 |
3.85% 1/1/27 | | 1,080,000 | 1,082,643 |
| Series 2023 4: | | | |
3.625% 4/1/26 | | 365,000 | 362,355 |
3.7% 1/1/27 | | 1,170,000 | 1,158,039 |
TOTAL NEW HAMPSHIRE | | | 12,358,751 |
| New Jersey - 3.7% | | | |
| Harrison Township Series 2023, 5% 11/27/24 | | 2,711,400 | 2,735,961 |
| Millburn Township Board of Ed. Series 2023, 0.05% 8/15/25 | | 730,000 | 690,420 |
| New Jersey Econ. Dev. Auth.: | | | |
| Series 2022 A: | | | |
5% 11/1/24 | | 525,000 | 528,840 |
5% 11/1/25 | | 635,000 | 650,865 |
| Series 2023 RRR: | | | |
5% 3/1/25 | | 4,480,000 | 4,538,602 |
5% 3/1/26 | | 3,445,000 | 3,555,514 |
| Series 2024 SSS, 5% 6/15/26 (e)(f) | | 2,295,000 | 2,377,462 |
| New Jersey Econ. Dev. Auth. Rev.: | | | |
| Series 2015 XX: | | | |
4% 6/15/24 | | 855,000 | 855,059 |
5% 6/15/24 | | 2,215,000 | 2,219,556 |
| Series 2019: | | | |
5.25% 9/1/24 (d) | | 8,060,000 | 8,106,415 |
5.25% 9/1/26 (d) | | 1,840,000 | 1,921,769 |
| New Jersey Edl. Facility: | | | |
| Series 2016 A, 5% 7/1/24 | | 3,010,000 | 3,017,145 |
| Series 2016 C, 5% 7/1/24 (Assured Guaranty Muni. Corp. Insured) | | 635,000 | 636,823 |
| New Jersey Gen. Oblig.: | | | |
| Series 2020 A, 5% 6/1/25 | | 2,985,000 | 3,038,937 |
| Series 2021, 2% 6/1/25 | | 1,005,000 | 979,398 |
| New Jersey Higher Ed. Student Assistance Auth. Student Ln. Rev.: | | | |
| Series 2016 1A, 5% 12/1/24 (c) | | 2,795,000 | 2,815,037 |
| Series 2017 1A: | | | |
5% 12/1/24 (c) | | 955,000 | 961,846 |
5% 12/1/25 (c) | | 1,815,000 | 1,847,933 |
| Series 2018 B, 5% 12/1/26 (c) | | 635,000 | 652,331 |
| Series 2019 A, 5% 12/1/24 | | 355,000 | 357,847 |
| Series 2020, 5% 12/1/24 (c) | | 700,000 | 704,881 |
| Series 2021 A, 5% 12/1/24 (c) | | 210,000 | 211,505 |
| Series 2022 A: | | | |
5% 12/1/24 (c) | | 275,000 | 276,917 |
5% 12/1/25 (c) | | 350,000 | 356,351 |
| Series 2022 B: | | | |
5% 12/1/24 (c) | | 1,125,000 | 1,132,844 |
5% 12/1/25 (c) | | 1,670,000 | 1,700,302 |
| New Jersey Tobacco Settlement Fing. Corp. Series 2018 A: | | | |
| 5% 6/1/24 | | 3,210,000 | 3,215,103 |
| 5% 6/1/25 | | 995,000 | 1,011,707 |
| New Jersey Trans. Trust Fund Auth.: | | | |
| Series 2006 C, 0% 12/15/24 | | 100,000 | 97,444 |
| Series 2008 A, 0% 12/15/25 | | 1,555,000 | 1,466,774 |
| Series 2010 A, 0% 12/15/25 | | 665,000 | 627,270 |
| Series 2022 AA: | | | |
5% 6/15/24 | | 695,000 | 696,429 |
5% 6/15/25 | | 265,000 | 269,809 |
TOTAL NEW JERSEY | | | 54,255,096 |
| New York - 3.2% | | | |
| East Hampton Union Free School District Series 2017, 2.1% 6/1/27 | | 1,285,000 | 1,204,861 |
| Long Island Pwr. Auth. Elec. Sys. Rev.: | | | |
| Bonds Series 2019 B, 1.65%, tender 9/1/24 (b) | | 1,700,000 | 1,679,203 |
| Series 2021, 1% 9/1/25 | | 1,395,000 | 1,327,092 |
| Monroe County Indl. Dev. Agcy. Bonds (Andrews Terrace Cmnty. Partners, L.P. Proj.) Series 2023 B1, 5%, tender 7/1/27 (b) | | 947,000 | 980,272 |
| New York City Gen. Oblig. Bonds Series 2015 F4, 5%, tender 12/1/25 (g) | | 580,000 | 588,254 |
| New York City Hsg. Dev. Corp. Multifamily Hsg. Bonds Series 2021 K2, 0.9%, tender 1/1/26 (b) | | 795,000 | 745,232 |
| New York City Indl. Dev. Agcy. Rev. Series 2021 A, 5% 1/1/26 (Assured Guaranty Muni. Corp. Insured) | | 380,000 | 390,217 |
| New York City Transitional Fin. Auth. Rev. Series 2015 C, 5% 11/1/27 | | 1,905,000 | 1,934,749 |
| New York Metropolitan Trans. Auth. Rev.: | | | |
| Bonds: | | | |
Series 2019 A1, 5%, tender 11/15/24 (b) | | 14,730,000 | 14,813,996 |
Series 2020 A2, 5%, tender 5/15/24 (b) | | 1,015,000 | 1,016,275 |
| Series 2015 C1, 5% 11/15/26 | | 1,585,000 | 1,627,094 |
| Series 2017 B, 5% 11/15/26 | | 1,270,000 | 1,327,800 |
| Series 2017 C1, 5% 11/15/25 | | 665,000 | 682,891 |
| New York State Hsg. Fin. Agcy. Rev. Bonds: | | | |
| Series 2023 E2, 3.8%, tender 5/1/27 (b) | | 1,170,000 | 1,170,680 |
| Series 2024 A, 3.375%, tender 11/1/27 (b) | | 8,340,000 | 8,293,846 |
| New York Trans. Dev. Corp.: | | | |
| (Term. 4 JFK Int'l. Arpt. Proj.): | | | |
Series 2020 A, 5% 12/1/25 (c) | | 1,875,000 | 1,905,085 |
Series 2020 C, 5% 12/1/24 | | 635,000 | 639,427 |
| (Term. 4 John F. Kennedy Int'l. Arpt. Proj.) Series 2022, 5% 12/1/26 (c) | | 3,175,000 | 3,272,199 |
| St. Lawrence County Indl. Dev. (St. Lawrence Univ. Proj.) Series 2022: | | | |
| 5% 7/1/25 | | 265,000 | 269,705 |
| 5% 7/1/26 | | 255,000 | 264,091 |
| Syracuse Reg'l. Arpt. Auth. Series 2021, 5% 7/1/24 (c) | | 490,000 | 490,434 |
| Tobacco Settlement Asset Securitization Corp. Series 2017 A, 5% 6/1/25 | | 1,980,000 | 2,012,064 |
| Triborough Bridge & Tunnel Auth. Bonds Series 2021 A2, 2%, tender 5/15/26 (b) | | 635,000 | 607,293 |
TOTAL NEW YORK | | | 47,242,760 |
| New York And New Jersey - 1.6% | | | |
| Port Auth. of New York & New Jersey: | | | |
| Series 188, 5% 5/1/24 (c) | | 1,265,000 | 1,265,744 |
| Series 2013, 5% 7/15/25 (c) | | 645,000 | 645,488 |
| Series 2014 186, 5% 10/15/26 (c) | | 3,315,000 | 3,337,188 |
| Series 2016 195, 5% 10/1/25 (c) | | 1,225,000 | 1,249,900 |
| Series 2018, 5% 9/15/25 (c) | | 4,480,000 | 4,567,664 |
| Series 2020 221, 5% 7/15/25 (c) | | 1,265,000 | 1,286,238 |
| Series 2023 242: | | | |
5% 12/1/24 (c) | | 805,000 | 810,718 |
5% 12/1/25 (c) | | 2,680,000 | 2,730,797 |
5% 12/1/26 (c) | | 5,495,000 | 5,704,199 |
| Series 223: | | | |
5% 7/15/24 (c) | | 2,065,000 | 2,070,026 |
5% 7/15/25 (c) | | 325,000 | 330,457 |
TOTAL NEW YORK AND NEW JERSEY | | | 23,998,419 |
| North Carolina - 0.7% | | | |
| Charlotte-Mecklenburg Hosp. Auth. Health Care Sys. Rev. Bonds: | | | |
| Series 2018 C, 3.45%, tender 10/31/25 (b) | | 3,425,000 | 3,420,660 |
| Series 2021 B, 5%, tender 12/2/24 (b) | | 1,605,000 | 1,619,434 |
| Series 2023 D, 3.625%, tender 6/15/27 (b) | | 2,850,000 | 2,840,768 |
| North Carolina Med. Care Commission Hosp. Rev. Bonds Series 2021 B, 5%, tender 2/1/26 (b) | | 2,525,000 | 2,592,500 |
TOTAL NORTH CAROLINA | | | 10,473,362 |
| Ohio - 1.0% | | | |
| American Muni. Pwr., Inc. Rev. Series 2023 A: | | | |
| 5% 2/15/25 | | 555,000 | 562,036 |
| 5% 2/15/26 | | 3,130,000 | 3,221,805 |
| 5% 2/15/27 | | 4,915,000 | 5,157,014 |
| Columbus-Franklin County Fin. Auth. Bonds (Dering Family Homes Proj.) Series 2023, 5%, tender 2/1/27 (b) | | 1,333,000 | 1,368,602 |
| Lancaster Port Auth. Gas Rev. Bonds Series 2019, 5%, tender 2/1/25 (b) | | 1,285,000 | 1,296,322 |
| Montgomery County Hosp. Rev. (Kettering Health Network Obligated Group Proj.) Series 2021, 5% 8/1/24 | | 125,000 | 125,332 |
| Northeast Ohio Med. Univ. Series 2022: | | | |
| 5% 12/1/24 (Build America Mutual Assurance Insured) | | 160,000 | 161,273 |
| 5% 12/1/25 (Build America Mutual Assurance Insured) | | 170,000 | 173,415 |
| Ohio Higher Edl. Facility Commission Rev.: | | | |
| (Xavier Univ. 2020 Proj.) Series 2020, 5% 5/1/26 | | 700,000 | 724,446 |
| Bonds (Case Western Reserve Univ. Proj.) Series 2019 C, 1.625%, tender 12/1/26 (b) | | 735,000 | 683,730 |
| Ohio Tpk. Commission Tpk. Rev. (Infrastructure Projs.) Series 2022 A, 5% 2/15/25 | | 1,170,000 | 1,186,442 |
TOTAL OHIO | | | 14,660,417 |
| Oklahoma - 0.5% | | | |
| Oklahoma County Independent School District #89 Oklahoma City Series 2023 A, 3% 7/1/26 | | 7,140,000 | 7,103,285 |
| Oregon - 0.8% | | | |
| Gilliam County Solid Waste Disp. Rev. Bonds (Waste Mgmt., Inc. Proj.): | | | |
| Series 2000 A, 3.95%, tender 5/1/24 (b)(c) | | 3,335,000 | 3,326,410 |
| Series 2003 A, 3.95%, tender 5/1/24 (b)(c) | | 3,175,000 | 3,173,177 |
| Port of Portland Arpt. Rev.: | | | |
| Series 2020 26B, 5% 7/1/26 | | 1,015,000 | 1,039,708 |
| Series 2022: | | | |
5% 7/1/24 (c) | | 1,270,000 | 1,272,384 |
5% 7/1/25 (c) | | 1,785,000 | 1,812,322 |
| Series 24B, 5% 7/1/25 (c) | | 635,000 | 644,720 |
TOTAL OREGON | | | 11,268,721 |
| Pennsylvania - 5.4% | | | |
| Allegheny County Arpt. Auth. Rev.: | | | |
| Series 2021 A, 5% 1/1/27 (c) | | 655,000 | 678,514 |
| Series 2023 A, 5% 1/1/27 (Assured Guaranty Muni. Corp. Insured) (c) | | 540,000 | 561,107 |
| Geisinger Auth. Health Sys. Rev. Bonds Series 2020 B, 5%, tender 2/15/27 (b) | | 3,975,000 | 4,115,302 |
| Pennsylvania Econ. Dev. Fing. Auth.: | | | |
| Series 2021 A, 4% 10/15/24 | | 540,000 | 540,624 |
| Series 2022 A: | | | |
5% 2/15/25 | | 100,000 | 101,182 |
5% 2/15/26 | | 125,000 | 128,529 |
| Pennsylvania Econ. Dev. Fing. Auth. Solid Waste Disp. Rev. Bonds: | | | |
| (Republic Svcs., Inc. Proj.): | | | |
Series 2019 A, 4%, tender 4/15/24 (b)(c) | | 890,000 | 889,739 |
Series 2019 B1, 4%, tender 4/15/24 (b)(c) | | 1,175,000 | 1,174,655 |
| (Republic Svcs., Inc. Proj.): | | | |
Series 2014, 4.3%, tender 7/1/24 (b)(c) | | 26,860,000 | 26,860,000 |
Series 2019 B2, 4%, tender 7/15/24 (b)(c) | | 6,545,000 | 6,532,539 |
| (Waste Mgmt., Inc. Proj.) Series 2013, 4.1%, tender 5/1/24 (b)(c) | | 4,450,000 | 4,448,138 |
| (Waste Mgmt., Inc. Proj.): | | | |
Series 2017 A, 0.58%, tender 8/1/24 (b)(c) | | 1,400,000 | 1,383,097 |
Series 2021 A, SIFMA Municipal Swap Index + 0.400% 3.85%, tender 4/4/24 (b)(c)(h) | | 1,805,000 | 1,802,362 |
Series 2021 A2, 4.6%, tender 10/1/26 (b)(c) | | 15,885,000 | 16,149,172 |
| Series 2011, 2.15%, tender 7/1/24 (b)(c) | | 540,000 | 535,575 |
| Pennsylvania Gen. Oblig.: | | | |
| Series 2019, 5% 7/15/26 | | 2,000,000 | 2,081,955 |
| Series 2023, 5% 9/1/26 | | 7,990,000 | 8,339,727 |
| Pennsylvania Hsg. Fin. Agcy.: | | | |
| Series 2021 135 B: | | | |
5% 4/1/24 (c) | | 145,000 | 145,000 |
5% 4/1/25 (c) | | 240,000 | 241,757 |
| Series 2022 138: | | | |
5% 4/1/24 | | 675,000 | 675,000 |
5% 10/1/24 | | 1,250,000 | 1,256,106 |
5% 10/1/25 | | 700,000 | 714,536 |
| Philadelphia Arpt. Rev. Series 2021: | | | |
| 5% 7/1/24 (c) | | 600,000 | 600,814 |
| 5% 7/1/26 (c) | | 635,000 | 654,024 |
TOTAL PENNSYLVANIA | | | 80,609,454 |
| Rhode Island - 0.0% | | | |
| Rhode Island Student Ln. Auth. Student Ln. Rev. Series 2018 A, 5% 12/1/25 (c) | | 555,000 | 564,084 |
| South Carolina - 0.4% | | | |
| South Carolina Ports Auth. Ports Rev.: | | | |
| Series 2015 (AMT), 5% 7/1/45 (Pre-Refunded to 7/1/25 @ 100) (c) | | 1,650,000 | 1,678,285 |
| Series 2015: | | | |
5.25% 7/1/50 (Pre-Refunded to 7/1/25 @ 100) (c) | | 2,875,000 | 2,932,968 |
5.25% 7/1/55 (Pre-Refunded to 7/1/25 @ 100) (c) | | 1,380,000 | 1,407,825 |
TOTAL SOUTH CAROLINA | | | 6,019,078 |
| South Dakota - 0.4% | | | |
| South Dakota Health & Edl. Facilities Auth. Rev. Bonds Series 2019 A, 5%, tender 7/1/24 (b) | | 635,000 | 635,143 |
| South Dakota Hsg. Dev. Auth. Bonds Series 2023 J, 3.875%, tender 12/12/24 (b) | | 4,575,000 | 4,584,222 |
TOTAL SOUTH DAKOTA | | | 5,219,365 |
| Tennessee - 1.3% | | | |
| Lewisburg Indl. Dev. Board Bonds (Waste Mgmt. Tennessee Proj.) Series 2012, 4.1%, tender 5/1/24 (b)(c) | | 3,400,000 | 3,398,577 |
| Memphis-Shelby County Arpt. Auth. Arpt. Rev. Series 2021 C, 1.875% 7/1/25 (c) | | 790,000 | 757,279 |
| Metropolitan Gov Nashvle&David Ind. Bonds (Waste Mgmt., Inc. Proj.) Series 2001, 0.58%, tender 8/1/24 (b)(c) | | 570,000 | 563,118 |
| Metropolitan Nashville Arpt. Auth. Rev. Series 2022 B: | | | |
| 5% 7/1/26 (c) | | 430,000 | 442,976 |
| 5% 7/1/27 (c) | | 650,000 | 681,340 |
| Tennergy Corp. Gas Rev. Bonds Series 2019 A, 5%, tender 10/1/24 (b) | | 13,500,000 | 13,570,184 |
TOTAL TENNESSEE | | | 19,413,474 |
| Texas - 6.3% | | | |
| Austin Arpt. Sys. Rev.: | | | |
| Series 2019, 5% 11/15/24 (c) | | 875,000 | 879,369 |
| Series 2022, 5% 11/15/25 (c) | | 1,215,000 | 1,237,428 |
| Clear Creek Independent School District Bonds Series 2013 B, 3.6%, tender 8/15/25 (b) | | 930,000 | 930,762 |
| Crandall Independent School District Series 2021 A, 0% 8/15/24 | | 485,000 | 477,922 |
| Cuero Independent School District Series 2017, 5% 8/15/26 | | 1,240,000 | 1,293,253 |
| Dallas Gen. Oblig.: | | | |
| Series 2023 A, 5% 2/15/25 | | 2,365,000 | 2,394,981 |
| Series 2023, 5% 2/15/25 | | 3,505,000 | 3,549,433 |
| Series 2024 A: | | | |
5% 2/15/25 | | 9,495,000 | 9,615,369 |
5% 2/15/26 | | 9,495,000 | 9,799,639 |
| Dallas Hsg. Fin. Corp. Multi-family Hsg. Rev. Bonds Series 2023: | | | |
| 5%, tender 12/1/25 (b) | | 1,493,000 | 1,518,643 |
| 5%, tender 3/1/26 (b) | | 1,861,000 | 1,890,756 |
| 5%, tender 7/1/27 (b) | | 1,982,000 | 2,047,722 |
| Hays Consolidated Independent School District Series 2022: | | | |
| 5% 2/15/25 | | 320,000 | 324,084 |
| 5% 2/15/26 | | 445,000 | 460,097 |
| Houston Convention and Entertainment Facilities Dept. Hotel Occupancy Tax and Spl. Rev. Series 2014, 5% 9/1/26 | | 955,000 | 958,255 |
| Houston Hsg. Fin. Corp. Multi-family Hsg. Rev. Bonds Series 2023, 5%, tender 8/1/26 (b) | | 1,080,000 | 1,104,471 |
| Houston Independent School District Bonds: | | | |
| Series 2014 A2, 3.5%, tender 6/1/25 (b) | | 5,680,000 | 5,644,655 |
| Series 2023 C, 4%, tender 6/1/25 (b) | | 5,110,000 | 5,106,937 |
| Lower Colorado River Auth. Rev.: | | | |
| (LCRA Transmission Svcs. Corp. Proj.): | | | |
Series 2015, 5% 5/15/24 | | 685,000 | 685,784 |
Series 2020, 5% 5/15/25 | | 360,000 | 365,902 |
| Series 2020, 5% 5/15/24 | | 485,000 | 485,555 |
| Mission Econ. Dev. Corp. Solid Waste Disp. Rev. Bonds: | | | |
| (Republic Svcs., Inc. Proj.): | | | |
Series 2008 A, 4.1%, tender 5/1/24 (b)(c) | | 1,900,000 | 1,899,021 |
Series 2020 A, 4.1%, tender 5/1/24 (b)(c) | | 14,050,000 | 14,042,757 |
| (Waste Mgmt., Inc. Proj.) Series 2018, 0.000% x SIFMA Municipal Swap Index 3.825%, tender 4/4/24 (b)(c)(h) | | 4,340,000 | 4,330,877 |
| North East Texas Independent School District Series 2015, 3% 8/1/27 | | 1,095,000 | 1,083,758 |
| North Texas Tollway Auth. Rev. Series 2021 B, 5% 1/1/26 | | 730,000 | 752,764 |
| Northside Independent School District Bonds Series 2023 B, 3%, tender 8/1/26 (b) | | 6,030,000 | 5,938,772 |
| Port Arthur Independent School District Series 2015 A, 5% 2/15/25 | | 390,000 | 395,481 |
| Prosper Independent School District Bonds Series 2019 B, 4%, tender 8/15/26 (b) | | 1,050,000 | 1,058,604 |
| San Antonio Elec. & Gas Sys. Rev.: | | | |
| Bonds Series 2018, SIFMA Municipal Swap Index + 0.870% 4.32%, tender 12/1/25 (b)(h) | | 5,390,000 | 5,381,750 |
| Series 2022, 5% 2/1/26 | | 575,000 | 593,367 |
| Tarrant County Cultural Ed. Facilities Fin. Corp. Hosp. Rev. Bonds (Baylor Scott & White Health Proj.) Series 2022 E, 5%, tender 5/15/26 (b) | | 2,695,000 | 2,772,892 |
| Texas Affordable Hsg. Corp. Multi-family Hsg. Rev. Bonds Series 2023, 3.625%, tender 1/1/27 (b) | | 1,365,000 | 1,350,765 |
| Texas Gen. Oblig. Series 2016, 5.5% 8/1/26 (c) | | 645,000 | 672,979 |
| Texas Muni. Gas Acquisition & Supply Corp.: | | | |
| Series 2023 A: | | | |
5.25% 1/1/25 | | 555,000 | 558,600 |
5.25% 1/1/26 | | 635,000 | 646,389 |
5.25% 1/1/27 | | 635,000 | 654,491 |
| Series 2023 B: | | | |
5.25% 1/1/25 | | 385,000 | 387,497 |
5.25% 1/1/26 | | 760,000 | 773,631 |
| Travis County Hsg. Fin. Corp. Bonds Series 2023, 3.75%, tender 8/1/25 (b) | | 310,000 | 308,357 |
TOTAL TEXAS | | | 94,373,769 |
| Utah - 0.4% | | | |
| Salt Lake City Arpt. Rev.: | | | |
| Series 2021 A: | | | |
5% 7/1/24 (c) | | 635,000 | 635,924 |
5% 7/1/25 (c) | | 840,000 | 851,115 |
| Series 2023 A: | | | |
5% 7/1/25 (c) | | 450,000 | 455,954 |
5% 7/1/26 (c) | | 635,000 | 654,024 |
5% 7/1/27 (c) | | 595,000 | 621,452 |
| Utah County Hosp. Rev. Bonds: | | | |
| Series 2018 B2, 5%, tender 8/1/24 (b) | | 615,000 | 615,256 |
| Series 2020 B2, 5%, tender 8/1/26 (b) | | 1,565,000 | 1,614,475 |
TOTAL UTAH | | | 5,448,200 |
| Vermont - 0.1% | | | |
| Vermont Student Assistant Corp. Ed. Ln. Rev. Series 2016 A, 5% 6/15/26 (c) | | 1,080,000 | 1,105,343 |
| Virginia - 0.7% | | | |
| Gloucester County Indl. Dev. Auth. Bonds Series 2003 A, 3.95%, tender 5/1/24 (b)(c) | | 1,095,000 | 1,094,648 |
| Southampton County Indl. Bonds (PRTA-Virginia One, LLC Proj.) Series 2023, 4.875%, tender 12/12/24 (b)(c) | | 7,940,000 | 7,929,968 |
| Wise County Indl. Dev. Auth. Waste & Sewage Rev. Bonds (Virginia Elec. and Pwr. Co. Proj.) Series 2010 A, 1.2%, tender 5/31/24 (b) | | 1,140,000 | 1,132,862 |
TOTAL VIRGINIA | | | 10,157,478 |
| Washington - 1.3% | | | |
| King County Swr. Rev. Bonds Series 2020 B, 0.875%, tender 1/1/26 (b) | | 3,430,000 | 3,173,389 |
| Port of Seattle Rev.: | | | |
| Series 2015 C, 5% 4/1/24 (c) | | 760,000 | 760,000 |
| Series 2016 B, 5% 10/1/27 (c) | | 635,000 | 650,565 |
| Series 2018 A, 5% 5/1/27 (c) | | 2,610,000 | 2,728,222 |
| Series 2018 B, 5% 5/1/24 (c) | | 555,000 | 555,290 |
| Series 2019: | | | |
5% 4/1/24 (c) | | 485,000 | 485,000 |
5% 4/1/25 (c) | | 335,000 | 338,562 |
| Series 2021 C, 5% 8/1/24 (c) | | 2,970,000 | 2,977,305 |
| Series 2021, 5% 9/1/24 (c) | | 1,410,000 | 1,415,317 |
| Series 2022 B: | | | |
5% 8/1/24 (c) | | 1,695,000 | 1,699,169 |
5% 8/1/25 (c) | | 1,600,000 | 1,624,260 |
5% 8/1/26 (c) | | 995,000 | 1,026,455 |
| Seattle Hsg. Auth. Rev. (Juniper Apts. Proj.) Series 2023, 5% 6/1/27 | | 765,000 | 787,880 |
| Washington Hsg. Fin. Commission Multi-family Hsg. Rev. Bonds (Ardea At Totem Lake Apts. Proj.) Series 2023, 5%, tender 2/1/27 (b) | | 1,407,000 | 1,442,048 |
TOTAL WASHINGTON | | | 19,663,462 |
| West Virginia - 0.5% | | | |
| West Virginia Econ. Dev. Auth. Solid Waste Disp. Facilities Rev. Bonds (Allegheny Metallurgical Proj.) Series 2023, 4.75%, tender 8/1/24 (b)(c) | | 6,820,000 | 6,814,907 |
| Wisconsin - 1.3% | | | |
| Milwaukee County Arpt. Rev.: | | | |
| Series 2023 A: | | | |
5% 12/1/24 (c) | | 150,000 | 150,762 |
5% 12/1/26 (c) | | 510,000 | 529,153 |
| Series 2023 B, 5% 12/1/24 (c) | | 1,040,000 | 1,045,281 |
| Milwaukee Gen. Oblig. Series 2016, 2% 3/1/27 | | 1,965,000 | 1,843,004 |
| Pub. Fin. Auth. Health Care Sys. Rev. Series 2023 A, 5% 10/1/24 | | 2,825,000 | 2,843,236 |
| Pub. Fin. Auth. Solid Waste Bonds (Waste Mgmt., Inc. Proj.) Series 2017 A2, 4.1%, tender 5/1/24 (b)(c) | | 4,400,000 | 4,398,159 |
| Wisconsin Health & Edl. Facilities Auth. Rev.: | | | |
| (Forensic Science and Protective Medicine Collaboration, Inc. Proj.) Series 2024, 5% 8/1/27 (d) | | 3,040,000 | 3,108,671 |
| Series 2022: | | | |
5% 10/1/24 | | 2,835,000 | 2,850,239 |
5% 10/1/25 | | 585,000 | 597,577 |
| Wisconsin Hsg. & Econ. Dev. Auth. Hsg. Rev. Bonds: | | | |
| Series 2021 C, 0.61%, tender 5/1/24 (b) | | 165,000 | 164,552 |
| Series 2023 E, 3.875%, tender 5/1/27 (b) | | 1,205,000 | 1,200,468 |
TOTAL WISCONSIN | | | 18,731,102 |
| TOTAL MUNICIPAL BONDS (Cost $901,328,720) | | | 898,570,406 |
| | | | |
| Municipal Notes - 38.1% |
| | | Principal Amount (a) | Value ($) |
| Alabama - 3.1% | | | |
| Black Belt Energy Gas District Participating VRDN: | | | |
| Series XF 30 73, 3.75% 4/4/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(i)(j) | | 12,515,000 | 12,515,000 |
| Series XM 11 10, 3.75% 4/4/24 (Liquidity Facility Royal Bank of Canada) (b)(i)(j) | | 2,825,000 | 2,825,000 |
| Series ZL 03 96, 3.75% 4/4/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(i)(j) | | 2,795,000 | 2,795,000 |
| Series ZL 03 97, 3.75% 4/4/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(i)(j) | | 2,855,000 | 2,855,000 |
| Decatur Indl. Dev. Board Exempt Facilities Rev. (Nucor Steel Decatur LLC Proj.) Series 2003 A, 4.18% 4/4/24, VRDN (b)(c) | | 2,450,000 | 2,450,000 |
| Health Care Auth. for Baptist Health Series 2013 B, 4.87% 4/5/27, VRDN (b) | | 2,923,000 | 2,923,000 |
| Southeast Energy Auth. Rev. Participating VRDN Series XM 10 62, 3.75% 4/4/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(i)(j) | | 7,865,000 | 7,865,000 |
| Walker County Econ. & Indl. Dev. Auth. Solid Waste Disp. Rev. (Alabama Pwr. Co. Plant Gorgas Proj.) Series 2023, 4.2% 3/29/24, VRDN (b)(c) | | 4,385,000 | 4,385,000 |
| West Jefferson Indl. Dev. Board Solid Waste Disp. Rev. (Alabama Pwr. Co. Miller Plant Proj.) Series 2008, 3.95% 3/29/24, VRDN (b)(c) | | 7,600,000 | 7,600,000 |
TOTAL ALABAMA | | | 46,213,000 |
| Arizona - 0.2% | | | |
| Arizona St Indl. Dev. Auth. Multi Participating VRDN Series XF 31 74, 3.82% 4/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(i)(j) | | 1,205,000 | 1,205,000 |
| Mizuho Floater / Residual Trust V Participating VRDN Series Floater 91 57, 3.82% 5/2/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(i)(j) | | 1,905,969 | 1,905,969 |
TOTAL ARIZONA | | | 3,110,969 |
| Arkansas - 0.1% | | | |
| Blytheville Indl. Dev. Rev. (Nucor Corp. Proj.) Series 1998, 4.18% 4/4/24, VRDN (b)(c) | | 1,700,000 | 1,700,000 |
| California - 9.2% | | | |
| California Health Facilities Fing. Auth. Rev. Participating VRDN Series MS 3389, 3.85% 4/1/24 (Liquidity Facility Toronto-Dominion Bank) (b)(i)(j) | | 3,240,000 | 3,240,000 |
| California Hsg. Fin. Agcy. Ltd. Obl Participating VRDN Series XF 31 27, 3.82% 4/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(i)(j) | | 1,755,000 | 1,755,000 |
| California Statewide Cmntys. Dev. Auth. Multi-family Hsg. Rev. Participating VRDN: | | | |
| Series MIZ 91 21, 4.5% 3/29/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(c)(i)(j) | | 6,290,000 | 6,290,000 |
| Series MIZ 91 22, 4.5% 3/29/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(c)(i)(j) | | 13,170,244 | 13,170,244 |
| Los Angeles Cmnty. Redev. Agcy. Multi-family Hsg. Rev. Participating VRDN: | | | |
| Series 2022 MIZ 90 89, 4.5% 3/29/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(c)(i)(j) | | 32,575,000 | 32,575,000 |
| Series 2022 MIZ 90 90, 4.5% 3/29/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(c)(i)(j) | | 24,555,000 | 24,555,000 |
| Mizuho Floater / Residual Trust V Participating VRDN: | | | |
| Series Floater MIZ 90 97, 3.82% 4/4/24, LOC Mizuho Cap. Markets LLC (b)(i)(j) | | 1,845,613 | 1,845,613 |
| Series Floater MIZ 91 62, 3.82% 5/2/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(i)(j) | | 1,155,000 | 1,155,000 |
| San Francisco City & County Multi-family Hsg. Rev. Participating VRDN: | | | |
| Series MIZ 90 95, 3.82% 5/2/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(i)(j)(k) | | 27,100,000 | 27,100,000 |
| Series MIZ 91 15, 3.82% 5/2/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(i)(j)(k) | | 25,415,000 | 25,415,000 |
TOTAL CALIFORNIA | | | 137,100,857 |
| Colorado - 0.4% | | | |
| Colorado Edl. & Cultural Facilities Auth. Rev. (Mesivta of Greater Los Angeles Proj.) Series 2005, 3.8% 4/4/24, LOC Deutsche Bank AG, VRDN (b) | | 930,000 | 930,000 |
| Colorado Health Facilities Auth. Rev. Bonds Participating VRDN: | | | |
| Series XM 10 59, 3.65% 4/4/24 (Liquidity Facility JPMorgan Chase Bank) (b)(i)(j) | | 1,600,000 | 1,600,000 |
| Series XM 10 61, 3.65% 4/4/24 (Liquidity Facility JPMorgan Chase Bank) (b)(i)(j) | | 2,655,000 | 2,655,000 |
TOTAL COLORADO | | | 5,185,000 |
| Florida - 2.5% | | | |
| Florida Ins. Assistance Interlo Series 2023 A2, 4.18% 4/4/24 (Liquidity Facility Florida Gen. Oblig.), VRDN (b) | | 16,440,000 | 16,440,000 |
| Greater Orlando Aviation Auth. Arpt. Facilities Rev. Participating VRDN Series XM 10 93, 4.4% 3/29/24 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(i)(j) | | 7,380,000 | 7,380,000 |
| Lee Memorial Health Sys. Hosp. Rev. Series 2019 B, 4.04% 4/5/27, VRDN (b) | | 12,245,000 | 12,245,000 |
| Miami Dade County Hsg. Multifamily Hsg. Rev. Participating VRDN Series Floater MIZ 90 87, 3.82% 5/2/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(i)(j)(k) | | 1,015,000 | 1,015,000 |
TOTAL FLORIDA | | | 37,080,000 |
| Georgia - 0.1% | | | |
| Buford Hsg. Auth. Multifamily Participating VRDN Series XF 31 18, 3.82% 4/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(i)(j) | | 1,855,143 | 1,855,143 |
| Indiana - 1.2% | | | |
| Indiana Fin. Auth. Exempt Facilities Rev. Bonds Series MS 00 22, 3.95%, tender 4/4/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(c)(i)(j) | | 18,300,000 | 18,300,000 |
| Iowa - 0.3% | | | |
| Iowa Fin. Auth. Solid Disp. Waste Rev. (MidAmerican Energy Co. Proj.): | | | |
| Series 2008 A, 4.05% 4/4/24, VRDN (b)(c) | | 2,000,000 | 2,000,000 |
| Series 2016 B, 4.05% 4/4/24, VRDN (b)(c) | | 3,100,000 | 3,100,000 |
TOTAL IOWA | | | 5,100,000 |
| Kentucky - 2.4% | | | |
| Meade County Indl. Bldg. Rev. (Nucor Steel Brandenburg Proj.): | | | |
| Series 2020 A1, 4.56% 3/29/24, VRDN (b)(c) | | 13,115,000 | 13,115,000 |
| Series 2020 B1, 4.56% 3/29/24, VRDN (b)(c) | | 22,185,000 | 22,185,000 |
TOTAL KENTUCKY | | | 35,300,000 |
| Louisiana - 1.8% | | | |
| Saint James Parish Gen. Oblig. (Nucor Steel Louisiana LLC Proj.): | | | |
| Series 2010 A1, 4.01% 4/4/24, VRDN (b) | | 25,215,000 | 25,215,000 |
| Series 2010 B1, 3.9% 4/4/24, VRDN (b) | | 1,050,000 | 1,050,000 |
TOTAL LOUISIANA | | | 26,265,000 |
| Missouri - 0.2% | | | |
| Kansas City Indl. Dev. Auth. Participating VRDN Series XM 11 08, 4.4% 3/29/24 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(i)(j) | | 1,590,000 | 1,590,000 |
| Mizuho Floater / Residual Trust V Participating VRDN Series Floater MIZ 91 53, 3.82% 5/2/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(i)(j) | | 1,969,501 | 1,969,501 |
TOTAL MISSOURI | | | 3,559,501 |
| Nebraska - 0.3% | | | |
| Stanton County Indl. Dev. Rev.: | | | |
| (Nucor Corp. Proj.) Series 1996, 4.18% 4/4/24, VRDN (b)(c) | | 3,600,000 | 3,600,000 |
| Series 1998, 4.18% 4/4/24, VRDN (b)(c) | | 125,000 | 125,000 |
TOTAL NEBRASKA | | | 3,725,000 |
| New Jersey - 1.2% | | | |
| Clifton Gen. Oblig. BAN Series 2023, 5% 11/26/24 | | 64,000 | 64,564 |
| Elmwood Park BAN Series 2023, 5% 10/9/24 | | 3,175,000 | 3,192,817 |
| Hazlet Township NJ BAN Series 2023, 5% 11/8/24 | | 4,727,000 | 4,762,463 |
| Manasquan N J BAN Series 2023, 5% 10/3/24 | | 2,797,450 | 2,814,179 |
| Ridgewood Gen. Oblig. BAN Series 2023 B, 5% 10/11/24 | | 7,179,000 | 7,220,061 |
TOTAL NEW JERSEY | | | 18,054,084 |
| New York - 3.0% | | | |
| Albany City School District BAN Series 2023 B, 4.75% 6/27/24 | | 3,940,000 | 3,948,521 |
| Liberty Dev. Corp. Rev. Participating VRDN Series MS 1207, 3.8% 4/4/24 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (b)(i)(j) | | 1,378,500 | 1,378,500 |
| New York Metropolitan Trans. Auth. Rev. Participating VRDN: | | | |
| Series XF 13 21, 3.77% 4/4/24 (Liquidity Facility JPMorgan Chase Bank) (b)(i)(j) | | 3,025,000 | 3,025,000 |
| Series XF 13 55, 3.77% 4/4/24 (Liquidity Facility JPMorgan Chase Bank) (b)(i)(j) | | 4,445,000 | 4,445,000 |
| Series XF 16 49, 3.77% 4/4/24 (Liquidity Facility JPMorgan Chase Bank) (b)(i)(j) | | 4,480,000 | 4,480,000 |
| New York State Hsg. Fin. Agcy. Rev. Participating VRDN Series Floater 2022 007, 3.9% 5/9/24 (Liquidity Facility Barclays Bank PLC) (b)(c)(i)(j) | | 27,890,000 | 27,890,000 |
TOTAL NEW YORK | | | 45,167,021 |
| Ohio - 0.8% | | | |
| Ohio Hosp. Rev.: | | | |
| Series 2013 B, 3.98% 4/5/27, VRDN (b) | | 6,355,000 | 6,355,000 |
| Series 2015 B, 3.98% 4/5/27, VRDN (b) | | 5,005,000 | 5,005,000 |
TOTAL OHIO | | | 11,360,000 |
| Oklahoma - 0.7% | | | |
| Oklahoma Dev. Fin. Auth. Health Sys. Rev. Series 2020 B, 4.09% 4/5/27, VRDN (b) | | 9,275,000 | 9,275,000 |
| Steele Duncan Plaza, LLC Participating VRDN Series MIZ 91 03, 3.82% 5/2/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(i)(j)(k) | | 1,651,840 | 1,651,840 |
TOTAL OKLAHOMA | | | 10,926,840 |
| Pennsylvania - 0.9% | | | |
| Montgomery County Higher Ed. & Health Auth. Rev. Series 2018 D, 4.26% 4/5/27, VRDN (b) | | 7,880,000 | 7,880,000 |
| Philadelphia Auth. for Indl. Dev.: | | | |
| Participating VRDN Series MIZ 90 51, 3.82% 5/2/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(i)(j)(k) | | 591,605 | 591,605 |
| Series 2017 B, 4.25% 4/5/27, VRDN (b) | | 4,165,000 | 4,165,000 |
TOTAL PENNSYLVANIA | | | 12,636,605 |
| South Carolina - 0.2% | | | |
| Berkeley County Indl. Dev. Rev. (Nucor Corp. Proj.) Series 1995, 4.18% 4/4/24, VRDN (b)(c) | | 800,000 | 800,000 |
| South Carolina Jobs-Econ. Dev. Auth. Series 2018 C, 4.13% 4/4/24, VRDN (b) | | 1,150,000 | 1,150,000 |
| South Carolina Pub. Svc. Auth. Rev. Participating VRDN Series Floaters XM 03 84, 3.75% 4/4/24 (Liquidity Facility JPMorgan Chase Bank) (b)(i)(j) | | 1,000,000 | 1,000,000 |
TOTAL SOUTH CAROLINA | | | 2,950,000 |
| Tennessee - 0.7% | | | |
| Chattanooga Health Ed. & Hsg. Facility Board Rev. (Catholic Health Initiatives Proj.) Series C, 3.9% 4/4/24, VRDN (b) | | 9,445,000 | 9,445,000 |
| Mizuho Floater / Residual Trust V Participating VRDN Series Floater MIZ 91 63, 3.82% 5/2/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(i)(j) | | 1,540,658 | 1,540,658 |
TOTAL TENNESSEE | | | 10,985,658 |
| Texas - 6.8% | | | |
| Brazos County Tex Hsg. Fin. Corp. M Participating VRDN Series XF 31 29, 3.82% 4/4/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(i)(j) | | 1,588,307 | 1,588,307 |
| Ep Machuca Lp Participating VRDN Series MIZ 91 04, 3.82% 5/2/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(i)(j)(k) | | 2,325,282 | 2,325,282 |
| Mizuho Floater / Residual Trust V Participating VRDN Series MIZ 91 24, 3.82% 5/2/24 (Liquidity Facility Mizuho Cap. Markets LLC) (b)(i)(j)(k) | | 13,246,483 | 13,246,483 |
| Port Arthur Navigation District Envir. Facilities Rev. (Motiva Enterprises LLC Proj.): | | | |
| Series 2001 A, 4.3% 3/29/24, VRDN (b) | | 11,085,000 | 11,085,000 |
| Series 2004, 3.85% 4/4/24, VRDN (b)(c) | | 48,085,000 | 48,084,997 |
| Series 2010 B, 4.3% 3/29/24, VRDN (b) | | 380,000 | 380,000 |
| Series 2010 C, 4.4% 3/29/24, VRDN (b) | | 1,400,000 | 1,400,000 |
| Series 2010 D: | | | |
3.8% 4/4/24, VRDN (b) | | 21,270,000 | 21,270,000 |
3.85% 4/4/24, VRDN (b) | | 1,570,000 | 1,570,000 |
TOTAL TEXAS | | | 100,950,069 |
| Utah - 0.6% | | | |
| Box Elder County Poll. Cont. Rev. Series 2003, 4.4% 4/4/24, VRDN (b) | | 300,000 | 300,000 |
| Salt Lake City Arpt. Rev. Participating VRDN Series XM 11 07, 4.4% 3/29/24 (Liquidity Facility JPMorgan Chase Bank) (b)(c)(i)(j) | | 8,585,000 | 8,585,000 |
TOTAL UTAH | | | 8,885,000 |
| Virginia - 0.1% | | | |
| Nat'l. Sr. Campuses Participating VRDN Series 2022 028, 3.8% 5/9/24 (Liquidity Facility Barclays Bank PLC) (b)(i)(j) | | 1,100,000 | 1,100,000 |
| West Virginia - 0.4% | | | |
| West Virginia Hosp. Fin. Auth. Hosp. Rev. Series 2018 E, 4.06% 4/5/27, VRDN (b) | | 5,235,000 | 5,235,000 |
| Wyoming - 0.9% | | | |
| Lincoln County Envir. (PacifiCorp Proj.) Series 1995, 4.3% 4/4/24, VRDN (b)(c) | | 8,800,000 | 8,800,000 |
| Lincoln County Poll. Cont. Rev. (PacifiCorp Proj.) Series 1994, 4.25% 4/3/24, VRDN (b) | | 800,000 | 800,000 |
| Sweetwater County Poll. Cont. Rev. (PacifiCorp Proj.) Series 1994, 4.25% 4/3/24, VRDN (b) | | 3,940,000 | 3,940,000 |
TOTAL WYOMING | | | 13,540,000 |
| TOTAL MUNICIPAL NOTES (Cost $566,249,789) | | | 566,284,747 |
| | | | |
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Municipal Bonds and Municipal Notes are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
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