UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number 811-05309
Nuveen Investment Funds, Inc.
(Exact name of registrant as specified in charter)
Nuveen Investments
333 West Wacker Drive, Chicago, IL 60606
(Address of principal executive offices) (Zip code)
Mark J. Czarniecki
Vice President and Secretary
333 West Wacker Drive,
Chicago, IL 60606
(Name and address of agent for service)
Registrant’s telephone number, including area code: (312) 917-7700
Date of fiscal year end: March 31
Date of reporting period: March 31, 2021
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policy making roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss.3507.
ITEM 1. | REPORTS TO STOCKHOLDERS. |
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Bond Funds
Fund Name | Class A | Class C | Class C2 | Class R6 | Class I | |
Nuveen All-American Municipal Bond Fund | FLAAX | FACCX | FAACX | FAAWX | FAARX | |
Nuveen Intermediate Duration Municipal Bond Fund | NMBAX | NNCCX | NNSCX | — | NUVBX | |
Nuveen Limited Term Municipal Bond Fund | FLTDX | FAFJX | FLTCX | — | FLTRX | |
Nuveen Short Term Municipal Bond Fund | FSHAX | NAAEX | NSVCX | — | FSHYX |
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Fiscal Year 2021 | ||||||||
Percentage of the Distribution | Per Share Amounts | |||||||
Share Class | Ticker Symbol | Net Investment Income | Realized Gains | Return of Capital | Distributions | Net Investment Income | Realized Gains | Return of Capital |
Class A | FLTDX | 93.44% | 0.00% | 6.56% | $0.1985 | $0.1855 | — | $0.0130 |
Class C | FAFJX | 93.44% | 0.00% | 6.56% | $0.1085 | $0.1014 | — | $0.0071 |
Class C2 | FLTCX | 93.44% | 0.00% | 6.56% | $0.1565 | $0.1462 | — | $0.0103 |
Class I | FLTRX | 93.44% | 0.00% | 6.56% | $0.2195 | $0.2051 | — | $0.0144 |
Total Returns as of March 31, 2021* | |||||
Average Annual | |||||
Inception Date | 1-Year | 5-Year | 10-Year | Expense Ratios | |
Class A Shares at NAV | 10/03/88 | 8.51% | 4.17% | 5.83% | 0.70% |
Class A Shares at maximum Offering Price | 10/03/88 | 3.99% | 3.29% | 5.38% | - |
S&P Municipal Bond Index | - | 5.29% | 3.44% | 4.60% | - |
Lipper General & Insured Municipal Debt Funds Classification Average | - | 6.74% | 3.38% | 4.61% | - |
Class C2 Shares | 6/02/93 | 8.00% | 3.60% | 5.37% | 1.25% |
Class I Shares | 2/06/97 | 8.69% | 4.37% | 6.02% | 0.50% |
Total Returns as of March 31, 2021* | |||||
Average Annual | |||||
Inception Date | 1-Year | 5-Year | Since Inception | Expense Ratios | |
Class C Shares | 2/10/14 | 7.73% | 3.33% | 4.26% | 1.50% |
Class R6 Shares | 6/30/16 | 8.79% | N/A | 3.85% | 0.47% |
Effective Leverage Ratio | 5.19% |
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Total Returns as of March 31, 2021* | |||||
Average Annual | |||||
Inception Date | 1-Year | 5-Year | 10-Year | Expense Ratios | |
Class A Shares at NAV | 6/13/95 | 5.79% | 3.17% | 3.88% | 0.65% |
Class A Shares at maximum Offering Price | 6/13/95 | 2.58% | 2.54% | 3.57% | - |
S&P Municipal Bond Intermediate Index | - | 5.05% | 3.21% | 4.14% | - |
Lipper Intermediate Municipal Debt Funds Classification Average | - | 5.81% | 2.69% | 3.52% | - |
Class C2 Shares | 6/13/95 | 5.19% | 2.60% | 3.41% | 1.20% |
Class I Shares | 11/29/76 | 5.97% | 3.36% | 4.08% | 0.45% |
Total Returns as of March 31, 2021* | |||||
Average Annual | |||||
Inception Date | 1-Year | 5-Year | Since Inception | Expense Ratios | |
Class C Shares | 2/10/14 | 4.93% | 2.34% | 2.75% | 1.45% |
Effective Leverage Ratio | 0.12% |
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Total Returns as of March 31, 2021* | |||||
Average Annual | |||||
Inception Date | 1-Year | 5-Year | 10-Year | Expense Ratios | |
Class A Shares at NAV | 10/19/87 | 4.55% | 2.17% | 2.50% | 0.62% |
Class A Shares at maximum Offering Price | 10/19/87 | 1.95% | 1.64% | 2.23% | - |
S&P Municipal Bond Short-Intermediate Index | - | 3.92% | 2.26% | 2.58% | - |
Lipper Short-Intermediate Municipal Debt Funds Classification Average | - | 4.14% | 1.92% | 2.26% | - |
Class C2 Shares | 12/01/95 | 4.17% | 1.82% | 2.21% | 0.97% |
Class I Shares | 2/06/97 | 4.76% | 2.37% | 2.70% | 0.42% |
Total Returns as of March 31, 2021* | |||||
Average Annual | |||||
Inception Date | 1-Year | 5-Year | Since Inception | Expense Ratios | |
Class C Shares | 2/10/14 | 3.64% | 1.35% | 1.38% | 1.42% |
Effective Leverage Ratio | 0.00% |
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Total Returns as of March 31, 2021* | |||||
Average Annual | |||||
Inception Date | 1-Year | 5-Year | 10-Year | Expense Ratios | |
Class A Shares at NAV | 10/25/02 | 2.90% | 1.36% | 1.57% | 0.69% |
Class A Shares at maximum Offering Price | 10/25/02 | 0.30% | 0.85% | 1.32% | - |
S&P Municipal Bond Short Index | - | 2.62% | 1.66% | 1.53% | - |
Lipper Short Municipal Debt Funds Classification Average | - | 2.35% | 1.34% | 1.26% | - |
Class I Shares | 10/25/02 | 3.10% | 1.58% | 1.77% | 0.49% |
Total Returns as of March 31, 2021* | |||||
Average Annual | |||||
Inception Date | 1-Year | 5-Year | Since Inception | Expense Ratios | |
Class C Shares | 2/10/14 | 2.08% | 0.55% | 0.47% | 1.49% |
Class C2 Shares | 8/31/11 | 2.54% | 1.00% | 1.03% | 1.04% |
Effective Leverage Ratio | 0.00% |
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Share Class | |||||
Class A1 | Class C | Class C2 | Class R6 | Class I | |
Dividend Yield | 2.81% | 2.13% | 2.38% | 3.16% | 3.11% |
SEC 30-Day Yield | 1.56% | 0.84% | 1.15% | 1.85% | 1.83% |
Taxable-Equivalent Yield (40.8%)2 | 2.62% | 1.41% | 1.93% | 3.10% | 3.07% |
Share Class | ||||
Class A1 | Class C | Class C2 | Class I | |
Dividend Yield | 2.19% | 1.44% | 1.69% | 2.44% |
SEC 30-Day Yield | 0.77% | 0.01% | 0.23% | 0.99% |
Taxable-Equivalent Yield (40.8%)2 | 1.29% | 0.02% | 0.38% | 1.65% |
Share Class | ||||
Class A1 | Class C | Class C2 | Class I | |
Dividend Yield | 1.24% | 0.48% | 0.90% | 1.49% |
SEC 30-Day Yield | 0.30% | (0.48)% | (0.06)% | 0.51% |
Taxable-Equivalent Yield (40.8%)2 | 0.50% | (0.80)% | (0.10)% | 0.85% |
Share Class | ||||
Class A1 | Class C | Class C2 | Class I | |
Dividend Yield | 1.15% | 0.35% | 0.83% | 1.35% |
SEC 30-Day Yield | 0.00% | (0.79)% | (0.35)% | 0.20% |
Taxable-Equivalent Yield (40.8%)2 | 0.00% | (1.33)% | (0.59)% | 0.34% |
Fund Allocation (% of net assets) | |
Long-Term Municipal Bonds | 103.8% |
Common Stocks | 0.3% |
Short-Term Municipal Bonds | 0.2% |
Other Assets Less Liabilities | 1.4% |
Net Assets Plus Floating Rate Obligations and Borrowings | 105.7% |
Floating Rate Obligations | (5.4)% |
Borrowings | (0.3)% |
Net Assets | 100% |
Bond Credit Quality (% of total investment exposure) | |
U.S. Guaranteed | 4.6% |
AAA | 3.7% |
AA | 30.7% |
A | 27.6% |
BBB | 14.7% |
BB or Lower | 7.1% |
N/R (not rated) | 11.4% |
N/A (not applicable) | 0.2% |
Total | 100% |
Portfolio Composition (% of total investments) | |
Transportation | 22.1% |
Health Care | 16.6% |
Tax Obligation/Limited | 15.2% |
Utilities | 13.3% |
Tax Obligation/General | 11.9% |
Education and Civic Organizations | 6.5% |
Other | 14.4% |
Total | 100% |
States and Territories (% of total municipal bonds) | |
New York | 16.0% |
California | 15.4% |
Illinois | 7.3% |
Florida | 6.7% |
Tennessee | 5.3% |
Texas | 4.8% |
Colorado | 4.6% |
Pennsylvania | 3.2% |
Missouri | 3.0% |
New Jersey | 3.0% |
Wisconsin | 2.6% |
Puerto Rico | 2.2% |
Arizona | 1.9% |
Massachusetts | 1.8% |
Indiana | 1.8% |
Virginia | 1.7% |
Louisiana | 1.7% |
Washington | 1.5% |
Ohio | 1.4% |
Kentucky | 1.1% |
Other | 13.0% |
Total | 100% |
Fund Allocation (% of net assets) | |
Long-Term Municipal Bonds | 94.5% |
Common Stocks | 0.7% |
Short-Term Municipal Bonds | 3.7% |
Other Assets Less Liabilities | 1.1% |
Net Assets | 100% |
Bond Credit Quality (% of total investment exposure) | |
U.S. Guaranteed | 4.5% |
AAA | 10.9% |
AA | 30.2% |
A | 26.0% |
BBB | 15.5% |
BB or Lower | 5.3% |
N/R (not rated) | 6.9% |
N/A (not applicable) | 0.7% |
Total | 100% |
Portfolio Composition (% of total investments) | |
Tax Obligation/General | 16.9% |
Utilities | 15.3% |
Health Care | 15.0% |
Tax Obligation/Limited | 14.9% |
Transportation | 13.8% |
Housing/Single Family | 6.2% |
U.S. Guaranteed | 4.8% |
Other | 13.1% |
Total | 100% |
States and Territories (% of total municipal bonds) | |
Illinois | 10.3% |
New York | 8.0% |
Texas | 6.3% |
Pennsylvania | 5.2% |
California | 5.0% |
New Jersey | 5.0% |
Florida | 4.6% |
Washington | 3.4% |
Ohio | 3.4% |
Indiana | 2.9% |
Colorado | 2.5% |
Louisiana | 2.2% |
Puerto Rico | 2.2% |
Connecticut | 2.0% |
Alabama | 2.0% |
Maryland | 1.9% |
Nevada | 1.9% |
Arizona | 1.9% |
Virginia | 1.8% |
Georgia | 1.8% |
Michigan | 1.8% |
Oklahoma | 1.7% |
Kentucky | 1.7% |
Wisconsin | 1.6% |
Other 1 | 18.9% |
Total | 100% |
1 | See Portfolio of Investments for details on "other" States and Territories. |
Fund Allocation (% of net assets) | |
Long-Term Municipal Bonds | 94.0% |
Common Stocks | 1.0% |
Short-Term Municipal Bonds | 4.2% |
Other Assets Less Liabilities | 0.8% |
Net Assets | 100% |
Bond Credit Quality (% of total investment exposure) | |
U.S. Guaranteed | 1.4% |
AAA | 12.0% |
AA | 33.7% |
A | 26.9% |
BBB | 11.9% |
BB or Lower | 2.5% |
N/R (not rated) | 10.6% |
N/A (not applicable) | 1.0% |
Total | 100% |
Portfolio Composition (% of total investments) | |
Tax Obligation/General | 21.4% |
Tax Obligation/Limited | 18.6% |
Utilities | 17.7% |
Health Care | 13.8% |
Transportation | 8.9% |
Housing/Single Family | 4.8% |
Other | 14.8% |
Total | 100% |
States and Territories (% of total municipal bonds) | |
New York | 9.6% |
Illinois | 6.8% |
Texas | 5.6% |
New Jersey | 5.3% |
Pennsylvania | 4.8% |
Ohio | 4.6% |
Louisiana | 4.2% |
California | 4.2% |
Florida | 4.1% |
Connecticut | 3.1% |
Kentucky | 2.9% |
Oklahoma | 2.8% |
Michigan | 2.5% |
Washington | 2.4% |
Indiana | 2.4% |
Massachusetts | 2.3% |
South Carolina | 2.0% |
Puerto Rico | 1.9% |
Colorado | 1.7% |
Arizona | 1.7% |
Georgia | 1.7% |
Alabama | 1.5% |
Virginia | 1.5% |
North Carolina | 1.5% |
Other 1 | 18.9% |
Total | 100% |
1 | See Portfolio of Investments for details on "other" States and Territories. |
Fund Allocation (% of net assets) | |
Long-Term Municipal Bonds | 92.2% |
Common Stocks | 0.1% |
Short-Term Municipal Bonds | 5.4% |
Other Assets Less Liabilities | 2.3% |
Net Assets | 100% |
Bond Credit Quality (% of total investment exposure) | |
U.S. Guaranteed | 2.4% |
AAA | 11.3% |
AA | 37.4% |
A | 35.9% |
BBB | 6.7% |
BB or Lower | 1.4% |
N/R (not rated) | 4.8% |
N/A (not applicable) | 0.1% |
Total | 100% |
Portfolio Composition (% of total investments) | |
Health Care | 21.6% |
Tax Obligation/General | 19.6% |
Transportation | 18.2% |
Utilities | 13.9% |
Tax Obligation/Limited | 10.4% |
Education and Civic Organizations | 3.5% |
Other | 12.8% |
Total | 100% |
States and Territories (% of total municipal bonds) | |
Texas | 12.6% |
Minnesota | 7.5% |
Illinois | 5.8% |
Missouri | 5.1% |
New Jersey | 5.1% |
Florida | 4.7% |
Wisconsin | 4.4% |
New York | 4.3% |
California | 4.0% |
Colorado | 3.9% |
Arizona | 3.5% |
Washington | 3.3% |
Alabama | 3.0% |
Utah | 2.3% |
Louisiana | 2.1% |
Ohio | 2.0% |
Nevada | 1.8% |
Pennsylvania | 1.7% |
Indiana | 1.7% |
New Mexico | 1.7% |
Other 1 | 19.5% |
Total | 100% |
1 | See Portfolio of Investments for details on "other" States and Territories. |
Share Class | |||||
Class A | Class C | Class C2 | Class R6 | Class I | |
Actual Performance | |||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,037.33 | $1,033.22 | $1,034.47 | $1,038.22 | $1,037.32 |
Expenses Incurred During the Period | $ 3.35 | $ 7.40 | $ 5.99 | $ 2.19 | $ 2.34 |
Hypothetical Performance (5% annualized return before expenses) | |||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,021.64 | $1,017.65 | $1,019.05 | $1,022.79 | $1,022.64 |
Expenses Incurred During the Period | $ 3.33 | $ 7.34 | $ 5.94 | $ 2.17 | $ 2.32 |
Share Class | ||||
Class A | Class C | Class C2 | Class I | |
Actual Performance | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,019.86 | $1,015.72 | $1,016.97 | $1,020.75 |
Expenses Incurred During the Period | $ 3.22 | $ 7.24 | $ 5.88 | $ 2.22 |
Hypothetical Performance (5% annualized return before expenses) | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,021.74 | $1,017.75 | $1,019.10 | $1,022.74 |
Expenses Incurred During the Period | $ 3.23 | $ 7.24 | $ 5.89 | $ 2.22 |
Share Class | ||||
Class A | Class C | Class C2 | Class I | |
Actual Performance | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,011.33 | $1,006.45 | $1,009.47 | $1,012.40 |
Expenses Incurred During the Period | $ 3.06 | $ 7.05 | $ 4.66 | $ 2.06 |
Hypothetical Performance (5% annualized return before expenses) | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,021.89 | $1,017.90 | $1,020.29 | $1,022.89 |
Expenses Incurred During the Period | $ 3.07 | $ 7.09 | $ 4.68 | $ 2.07 |
Share Class | ||||
Class A | Class C | Class C2 | Class I | |
Actual Performance | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,004.22 | $1,000.10 | $1,002.45 | $1,005.10 |
Expenses Incurred During the Period | $ 3.40 | $ 7.38 | $ 5.09 | $ 2.40 |
Hypothetical Performance (5% annualized return before expenses) | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,021.54 | $1,017.55 | $1,019.85 | $1,022.54 |
Expenses Incurred During the Period | $ 3.43 | $ 7.44 | $ 5.14 | $ 2.42 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 104.1% | ||||||
MUNICIPAL BONDS – 103.8% | ||||||
Alabama – 1.1% | ||||||
Birmingham-Jefferson Civic Center Authority, Alabama, Special Tax Bonds, Series 2018A: | ||||||
$ 3,500 | 4.000%, 7/01/38 | 7/28 at 100.00 | Aa3 | 3,885,525 | ||
3,500 | 4.000%, 7/01/43 | 7/28 at 100.00 | Aa3 | 3,841,915 | ||
2,000 | Hoover Industrial Development Board, Alabama, Environmental Improvement Revenue Bonds, United States Steel Corporation Proejcet, Series 2019, 5.750%, 10/01/49 (AMT) | 10/29 at 100.00 | B- | 2,299,360 | ||
17,925 | Huntsville Healthcare Authority, Alabama, Revenue Bonds, Series 2020B, 3.000%, 6/01/50 – AGM Insured (UB) (4) | 6/30 at 100.00 | AA | 18,803,325 | ||
4,220 | Infirmary Health System Special Care Facilities Financing Authority of Mobile, Alabama, Revenue Bonds, Infirmary Health System, Inc, Series 2016A, 5.000%, 2/01/41 | 2/26 at 100.00 | BBB+ | 4,753,830 | ||
4,500 | Jefferson County, Alabama, Sewer Revenue Warrants, Capital Appreciation Subordinate Lien Series 2013F, 0.000%, 10/01/50 (5) | 10/23 at 105.00 | BBB | 4,574,610 | ||
2,800 | Jefferson County, Alabama, Sewer Revenue Warrants, Subordinate Lien Series 2013D, 6.500%, 10/01/53 | 10/23 at 105.00 | BBB | 3,290,672 | ||
14,175 | Lower Alabama Gas District, Alabama, Gas Project Revenue Bonds, Series 2016A, 5.000%, 9/01/46 | No Opt. Call | A2 | 20,180,947 | ||
500 | Mobile Spring Hill College Educational Building Authority, Alabama, Revenue Bonds, Spring Hill College Project, Series 2015, 5.875%, 4/15/45 | 4/25 at 100.00 | N/R | 537,180 | ||
12,295 | Southeast Alabama Gas Supply District, Alabama, Gas Supply Revenue Bonds, Project 1, Fixed Rate Series 2018A, 4.000%, 4/01/49 (Mandatory Put 4/01/24) | 1/24 at 100.27 | A | 13,453,927 | ||
7,985 | Southeast Alabama Gas Supply District, Alabama, Gas Supply Revenue Bonds, Project 2, Fixed Rate Series 2018A, 4.000%, 6/01/49 (Mandatory Put 6/01/24) | 3/24 at 100.29 | A1 | 8,786,534 | ||
3,055 | Tuscaloosa County Industrial Development Authority, Alabama, Gulf Opportunity Zone Bonds, Hunt Refining Project, Refunding Series 2019A, 4.500%, 5/01/32, 144A | 5/29 at 100.00 | N/R | 3,402,140 | ||
76,455 | Total Alabama | 87,809,965 | ||||
Alaska – 0.2% | ||||||
Alaska Industrial Development and Export Authority, Revenue Bonds, Greater Fairbanks Community Hospital Foundation Project, Refunding Series 2019: | ||||||
2,000 | 4.000%, 4/01/30 | 4/29 at 100.00 | A+ | 2,328,880 | ||
2,045 | 4.000%, 4/01/31 | 4/29 at 100.00 | A+ | 2,364,449 | ||
2,000 | 4.000%, 4/01/32 | 4/29 at 100.00 | A+ | 2,300,200 | ||
615 | 4.000%, 4/01/34 | 4/29 at 100.00 | A+ | 701,457 | ||
3,855 | Alaska Municipal Bond Bank, General Obligation Bonds, Refunding Three Series 2016, 5.000%, 12/01/27 | No Opt. Call | A+ | 4,810,770 | ||
2,000 | Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 5.000%, 6/01/32 | 4/21 at 100.00 | B3 | 2,029,660 | ||
12,515 | Total Alaska | 14,535,416 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arizona – 2.0% | ||||||
$ 1,500 | Arizona Industrial Development Authority, Arizona, Economic Development Revenue Bonds, Linder Village Project in Meridian, Ada County, Idaho, Series 2020, 5.000%, 6/01/31, 144A | No Opt. Call | N/R | 1,562,370 | ||
Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc Projects, Series 2017A: | ||||||
1,100 | 5.250%, 7/01/47, 144A | 7/26 at 100.00 | BB | 1,221,352 | ||
1,000 | 5.375%, 7/01/50, 144A | 7/26 at 100.00 | BB | 1,114,810 | ||
1,250 | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Academies of Math & Science Projects, Series 2019, 5.000%, 7/01/49, 144A | 7/29 at 100.00 | BB | 1,406,938 | ||
585 | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Pinecrest Academy-Cadence Campus Project, Series 2020A, 4.000%, 7/15/40, 144A | 7/28 at 100.00 | BB+ | 612,823 | ||
Arizona Industrial Development Authority, Hospital Revenue Bonds, Phoenix Children's Hospital, Series 2020A: | ||||||
4,625 | 3.000%, 2/01/45 (UB) (4) | 2/30 at 100.00 | A1 | 4,833,402 | ||
10,100 | 4.000%, 2/01/50 (UB) (4) | 2/30 at 100.00 | A1 | 11,510,162 | ||
3,045 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2007, 2.700%, 12/01/37 (Mandatory Put 8/14/23) (AMT) | No Opt. Call | A+ | 3,198,864 | ||
9,405 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2019, 5.000%, 6/01/49 (Mandatory Put 6/03/24) (AMT) | No Opt. Call | A+ | 10,680,976 | ||
Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Legacy Traditional Schools Projects, Taxable Series 2019B: | ||||||
1,150 | 4.000%, 7/01/29, 144A | No Opt. Call | BB+ | 1,262,378 | ||
1,175 | 5.000%, 7/01/49, 144A | 7/29 at 100.00 | BB+ | 1,325,236 | ||
Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth, Series 2019A: | ||||||
1,250 | 5.000%, 9/01/37 | 9/28 at 100.00 | A+ | 1,549,175 | ||
935 | 5.000%, 9/01/42 | 9/28 at 100.00 | A+ | 1,145,310 | ||
10,000 | Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2019E, 3.000%, 1/01/49 (UB) (4) | 7/30 at 100.00 | AA- | 10,359,900 | ||
3,895 | Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Variable Rate Series 2019C, 0.620%, 1/01/35 (Mandatory Put 10/18/24) (SIFMA reference rate + 0.570% spread) (6) | 10/23 at 100.00 | AA- | 3,879,069 | ||
2,500 | Maricopa County Union High School District 210 Phoenix, Arizona, General Obligation Bonds, School Improvement Project 2011 and 2017, Series 2018, 5.000%, 7/01/36 | 7/27 at 100.00 | AAA | 3,035,475 | ||
150 | Maricopa County, Arizona, Hospital Revenue Bonds, Sun Health Corporation, Series 2005, 5.000%, 4/01/25 (Pre-refunded 4/01/24) | 4/24 at 100.00 | N/R (7) | 161,735 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arizona (continued) | ||||||
Phoenix Civic Improvement Corporation, Arizona, Rental Car Facility Charge Revenue Bonds, Series 2019A: | ||||||
$ 1,930 | 5.000%, 7/01/28 | No Opt. Call | A3 | 2,325,534 | ||
3,340 | 5.000%, 7/01/29 | No Opt. Call | A3 | 4,074,833 | ||
3,560 | 5.000%, 7/01/30 | 7/29 at 100.00 | A3 | 4,310,092 | ||
5,775 | 5.000%, 7/01/31 | 7/29 at 100.00 | A3 | 6,958,875 | ||
1,500 | 5.000%, 7/01/33 | 7/29 at 100.00 | A3 | 1,793,535 | ||
1,000 | 5.000%, 7/01/38 | 7/29 at 100.00 | A3 | 1,177,990 | ||
7,365 | 5.000%, 7/01/39 | 7/29 at 100.00 | A3 | 8,653,801 | ||
7,295 | 4.000%, 7/01/45 | 7/29 at 100.00 | A3 | 7,824,252 | ||
7,200 | 5.000%, 7/01/45 | 7/29 at 100.00 | A3 | 8,341,200 | ||
Phoenix Civic Improvement Corporation, Arizona, Revenue Bonds, Civic Plaza Expansion Project, Series 2005B: | ||||||
1,650 | 5.500%, 7/01/31 – FGIC Insured | No Opt. Call | AA | 2,253,851 | ||
6,000 | 5.500%, 7/01/39 – FGIC Insured | No Opt. Call | AA | 9,049,860 | ||
320 | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Choice Academies Charter Schools Project, Series 2012, 4.875%, 9/01/22 | No Opt. Call | BB | 328,339 | ||
1,000 | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Great Hearts Academies - Veritas Project, Series 2012, 6.400%, 7/01/47 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (7) | 1,014,670 | ||
400 | Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, San Tan Montessori School Project, Series 2016, 6.500%, 2/01/48, 144A | 2/24 at 100.00 | N/R | 420,408 | ||
3,705 | Pinal County Electrical District 3, Arizona, Electric System Revenue Bonds, Refunding Series 2011, 5.250%, 7/01/41 (Pre-refunded 7/01/21) | 7/21 at 100.00 | A+ (7) | 3,750,720 | ||
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc Prepay Contract Obligations, Series 2007: | ||||||
1,000 | 5.250%, 12/01/28 | No Opt. Call | A3 | 1,265,680 | ||
13,155 | 5.000%, 12/01/32 | No Opt. Call | A3 | 17,354,339 | ||
7,675 | 5.000%, 12/01/37 | No Opt. Call | A3 | 10,665,794 | ||
Tempe Industrial Development Authority, Arizona, Revenue Bonds, Friendship Village of Tempe Project, Refunding Series 2012A: | ||||||
2,590 | 6.000%, 12/01/27 | 12/21 at 100.00 | N/R | 2,644,027 | ||
1,080 | 6.000%, 12/01/32 | 12/21 at 100.00 | N/R | 1,098,695 | ||
1,100 | 6.250%, 12/01/42 | 12/21 at 100.00 | N/R | 1,117,853 | ||
1,000 | University Medical Center Corporation, Tucson, Arizona, Hospital Revenue Bonds, Series 2011, 6.000%, 7/01/39 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (7) | 1,013,960 | ||
133,305 | Total Arizona | 156,298,283 | ||||
Arkansas – 0.5% | ||||||
18,840 | Arkansas Development Finance Authority, Industrial Development Revenue Bonds, Big River Steel Project, Series 2019, 4.500%, 9/01/49, 144A (AMT) | 9/26 at 103.00 | B- | 20,483,036 | ||
9,730 | Arkansas Development Finance Authority, Industrial Development Revenue Bonds, Big River Steel Project, Series 2020A, 4.750%, 9/01/49, 144A (AMT) | 9/27 at 103.00 | B- | 10,811,003 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arkansas (continued) | ||||||
Arkansas Development Finance Authority, Revenue Bonds, Baptist Memorial Health Care, Refunding Series 2020B-1: | ||||||
$ 1,300 | 5.000%, 9/01/37 | 9/30 at 100.00 | BBB+ | 1,620,931 | ||
1,000 | 5.000%, 9/01/38 | 9/30 at 100.00 | BBB+ | 1,243,110 | ||
1,700 | 5.000%, 9/01/40 | 9/30 at 100.00 | BBB+ | 2,102,016 | ||
4,000 | 5.000%, 9/01/44 | 9/30 at 100.00 | BBB+ | 4,891,800 | ||
36,570 | Total Arkansas | 41,151,896 | ||||
California – 16.0% | ||||||
Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Second Subordinate Lien Series 2016B: | ||||||
14,510 | 5.000%, 10/01/35 | 10/26 at 100.00 | BBB+ | 17,078,705 | ||
4,300 | 5.000%, 10/01/36 | 10/26 at 100.00 | BBB+ | 5,049,447 | ||
6,045 | 5.000%, 10/01/37 | 10/26 at 100.00 | BBB+ | 7,076,640 | ||
9,715 | Bakersfield City School District, Kern County, California, General Obligation Bonds, Series 2012C, 0.000%, 5/01/47 (5) | 5/40 at 100.00 | Aa3 | 8,795,572 | ||
10,000 | Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Subordinate Fixed Rate Series 2017S-7, 4.000%, 4/01/38 | 4/27 at 100.00 | AA- | 11,521,600 | ||
2,000 | Brentwood Infrastructure Financing Authority, California, Infrastructure Revenue Bonds, Refunding Subordinated Series 2014B, 5.000%, 9/02/36 | 9/24 at 100.00 | N/R | 2,205,000 | ||
7,630 | California Community Housing Agency, California, Essential Housing Revenue Bonds, Creekwood, Series 2021A, 4.000%, 2/01/56, 144A | 8/31 at 100.00 | N/R | 7,944,180 | ||
25,260 | California Community Housing Agency, California, Essential Housing Revenue Bonds, Serenity at Larkspur Apartments, Series 2020A, 5.000%, 2/01/50, 144A | 2/30 at 100.00 | N/R | 28,645,345 | ||
17,260 | California Community Housing Agency, California, Essential Housing Revenue Bonds, Subordinate Series 2021A-2, 4.000%, 8/01/47, 144A | 8/31 at 100.00 | N/R | 17,895,109 | ||
7,395 | California Community Housing Agency, California, Essential Housing Revenue Bonds, The Arbors, Series 2020A, 5.000%, 8/01/50, 144A | 8/30 at 100.00 | N/R | 8,434,663 | ||
18,935 | California Community Housing Agency, Workforce Housing Revenue Bonds, Annadel Apartments, Series 2019A, 5.000%, 4/01/49, 144A | 4/29 at 100.00 | N/R | 21,182,016 | ||
890 | California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2020B-1, 5.000%, 6/01/49 | 6/30 at 100.00 | BBB- | 1,076,953 | ||
12,675 | California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2020B-2, 0.000%, 6/01/55 | 6/30 at 26.72 | N/R | 2,451,345 | ||
5,450 | California Educational Facilities Authority, Revenue Bonds, Chapman University, Series 2017B, 4.000%, 4/01/47 | 4/27 at 100.00 | A2 | 6,099,422 | ||
12,060 | California Educational Facilities Authority, Revenue Bonds, Pepperdine University, Refunding Series 2016, 5.000%, 10/01/49 | 4/26 at 100.00 | AA- | 14,264,447 | ||
10,000 | California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2017A, 5.000%, 11/15/48 | 11/27 at 100.00 | A+ | 11,877,800 | ||
4,650 | California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Series 2016A, 5.000%, 11/15/41 (Pre-refunded 11/15/25) | 11/25 at 100.00 | A+ (7) | 5,604,971 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 1,670 | California Health Facilities Financing Authority, Revenue Bonds, Children's Hospital Los Angeles, Series 2017A, 5.000%, 8/15/42 | 8/27 at 100.00 | BBB+ | 1,952,915 | ||
16,400 | California Health Facilities Financing Authority, Revenue Bonds, City of Hope National Medical Center, Series 2019, 4.000%, 11/15/45 | 11/29 at 100.00 | A+ | 18,600,224 | ||
California Health Facilities Financing Authority, Revenue Bonds, CommonSpirit Health, Series 2020A: | ||||||
1,810 | 4.000%, 4/01/44 | 4/30 at 100.00 | BBB+ | 2,064,920 | ||
1,970 | 4.000%, 4/01/45 | 4/30 at 100.00 | BBB+ | 2,241,407 | ||
1,065 | 4.000%, 4/01/49 | 4/30 at 100.00 | BBB+ | 1,206,262 | ||
3,015 | California Health Facilities Financing Authority, Revenue Bonds, El Camino Hospital, Refunding Series 2015A, 5.000%, 2/01/40 | 2/25 at 100.00 | AA | 3,441,442 | ||
California Health Facilities Financing Authority, Revenue Bonds, El Camino Hospital, Series 2017: | ||||||
1,395 | 5.000%, 2/01/30 | 2/27 at 100.00 | AA | 1,680,710 | ||
1,105 | 5.000%, 2/01/31 | 2/27 at 100.00 | AA | 1,329,216 | ||
13,305 | California Health Facilities Financing Authority, Revenue Bonds, PIH Health, Series 2020A, 3.000%, 6/01/47 | 6/30 at 100.00 | A | 13,639,355 | ||
485 | California Health Facilities Financing Authority, Revenue Bonds, Providence Health & Services, Series 2014B, 5.000%, 10/01/44 | 10/24 at 100.00 | AA- | 552,546 | ||
2,185 | California Health Facilities Financing Authority, Revenue Bonds, Saint Joseph Health System, Series 2013A, 5.000%, 7/01/37 | 7/23 at 100.00 | AA- | 2,402,320 | ||
2,320 | California Health Facilities Financing Authority, Revenue Bonds, Sutter Health, Series 2013A, 5.000%, 8/15/52 (Pre-refunded 8/15/23) | 8/23 at 100.00 | A+ (7) | 2,579,840 | ||
9,615 | California Housing Finance Agency, Municipal Certificate Revenue Bonds, Class A Series 2021-1, 3.500%, 11/20/35 | No Opt. Call | BBB+ | 10,978,669 | ||
1,940 | California Infrastructure and Economic Development Bank, Lease Revenue Bonds, California State Teachers? Retirement System Headquarters Expansion, Green Bond-Climate Bond Certified Series 2019, 5.000%, 8/01/49 | 8/29 at 100.00 | AA | 2,374,288 | ||
5,000 | California Infrastructure and Economic Development Bank, Revenue Bonds, Los Angeles County Museum of Natural History Foundation, Series 2020, 4.000%, 7/01/50 | 7/30 at 100.00 | A2 | 5,689,750 | ||
California Municipal Finance Authority, Charter School Lease Revenue Bonds, Nova Academy Project, Series 2016A: | ||||||
1,850 | 5.000%, 6/15/36, 144A | 6/26 at 100.00 | BB | 2,006,233 | ||
2,425 | 5.000%, 6/15/46, 144A | 6/26 at 100.00 | BB | 2,587,936 | ||
610 | California Municipal Finance Authority, Charter School Revenue Bonds, John Adams Academies, Inc - Lincoln Project, Taxable Series 2019B, 5.000%, 10/01/39, 144A | 10/27 at 100.00 | N/R | 652,828 | ||
1,495 | California Municipal Finance Authority, Charter School Revenue Bonds, Palmdale Aerospace Academy Project, Series 2016A, 5.000%, 7/01/46, 144A | 7/26 at 100.00 | BB | 1,626,784 | ||
California Municipal Finance Authority, Revenue Bonds, Biola University, Refunding Series 2017: | ||||||
470 | 5.000%, 10/01/29 | 10/27 at 100.00 | Baa1 | 568,089 | ||
1,165 | 5.000%, 10/01/30 | 10/27 at 100.00 | Baa1 | 1,401,157 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Refunding Series 2017A: | ||||||
$ 7,745 | 5.000%, 7/01/42 | 7/27 at 100.00 | Baa2 | 9,010,843 | ||
7,385 | 5.000%, 7/01/47 | 7/27 at 100.00 | Baa2 | 8,533,220 | ||
5,000 | California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Refunding Series 2017B, 5.000%, 7/01/42 | 7/27 at 100.00 | Baa2 | 5,817,200 | ||
34,325 | California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A, 5.000%, 12/31/43 (AMT) | 6/28 at 100.00 | BBB- | 40,565,628 | ||
6,750 | California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018B, 5.000%, 6/01/48 (AMT) | 6/28 at 100.00 | BBB- | 7,921,665 | ||
California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2017A: | ||||||
1,000 | 5.000%, 11/01/30 | 11/26 at 100.00 | BBB- | 1,152,040 | ||
1,040 | 5.250%, 11/01/31 | 11/26 at 100.00 | BBB- | 1,210,966 | ||
California Municipal Finance Authority, Reveue Bonds, Community Medical Centers, Series 2017A: | ||||||
1,750 | 5.000%, 2/01/42 | 2/27 at 100.00 | A- | 2,009,280 | ||
8,875 | 5.000%, 2/01/47 | 2/27 at 100.00 | A- | 10,119,541 | ||
3,965 | California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, Poseidon Resources Channelside LP Desalination Project, Series 2012, 5.000%, 7/01/37, 144A (AMT) | 7/22 at 100.00 | BBB | 4,198,301 | ||
California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, San Diego County Water Authoriity Desalination Project Pipeline, Refunding Series 2019: | ||||||
1,625 | 5.000%, 7/01/39, 144A | 1/29 at 100.00 | BBB | 1,954,778 | ||
640 | 5.000%, 11/21/45, 144A | 1/29 at 100.00 | BBB | 759,840 | ||
1,450 | California Public Finance Authority, Revenue Bonds, Henry Mayo Newhall Hospital, Series 2017, 5.000%, 10/15/37 | 10/26 at 100.00 | BBB- | 1,661,918 | ||
1,475 | California School Finance Authority, Educational Facility Revenue Bonds, River Springs Charter School Project, Series 2017A, 5.000%, 7/01/47, 144A | 7/27 at 100.00 | Ba2 | 1,588,531 | ||
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Refunding Series 2019B: | ||||||
1,000 | 5.000%, 5/01/31 | No Opt. Call | Aa3 | 1,350,560 | ||
1,125 | 5.000%, 5/01/32 | No Opt. Call | Aa3 | 1,545,199 | ||
33,630 | California State University, Systemwide Revenue Bonds, Series 2018A, 5.000%, 11/01/48 | 11/28 at 100.00 | Aa2 | 41,734,494 | ||
California State, General Obligation Bonds, Refunding Various Purpose Series 2019: | ||||||
8,000 | 3.000%, 10/01/34 | 10/29 at 100.00 | Aa2 | 8,914,720 | ||
8,075 | 3.000%, 10/01/35 | 10/29 at 100.00 | Aa2 | 8,971,406 | ||
11,500 | 3.000%, 10/01/36 | 10/29 at 100.00 | Aa2 | 12,634,935 | ||
12,000 | California State, General Obligation Bonds, Various Purpose Series 2017, 5.000%, 8/01/46 | 8/26 at 100.00 | Aa2 | 14,382,600 | ||
3,960 | California State, General Obligation Bonds, Various Purpose Series 2019, 5.000%, 4/01/49 | 4/29 at 100.00 | Aa2 | 4,904,302 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
California State, General Obligation Bonds, Various Purpose Series 2020: | ||||||
$ 4,125 | 3.000%, 11/01/41 | 11/30 at 100.00 | Aa2 | 4,438,500 | ||
3,000 | 3.000%, 3/01/46 | 3/30 at 100.00 | Aa2 | 3,168,180 | ||
1,600 | 4.000%, 3/01/46 | 3/30 at 100.00 | Aa2 | 1,872,624 | ||
California State, General Obligation Bonds, Various Purpose Series 2021: | ||||||
2,880 | 5.000%, 12/01/36 | 12/30 at 100.00 | Aa2 | 3,794,343 | ||
2,300 | 5.000%, 12/01/43 | 12/30 at 100.00 | Aa2 | 2,971,117 | ||
1,275 | 5.000%, 12/01/46 | 12/30 at 100.00 | Aa2 | 1,637,522 | ||
7,750 | California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014A, 5.500%, 12/01/54 | 12/24 at 100.00 | BB | 8,615,675 | ||
California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A: | ||||||
1,100 | 5.000%, 12/01/41, 144A | 6/26 at 100.00 | BB | 1,234,365 | ||
3,365 | 5.000%, 12/01/46, 144A | 6/26 at 100.00 | BB | 3,751,941 | ||
28,630 | 5.250%, 12/01/56, 144A | 6/26 at 100.00 | BB | 32,077,911 | ||
5,800 | California Statewide Communities Development Authority, Pollution Control Revenue Bonds, Southern California Edison Company, Series 2006C, 2.625%, 11/01/33 (Mandatory Put 12/01/23) | No Opt. Call | A- | 6,124,916 | ||
2,350 | California Statewide Communities Development Authority, Revenue Bonds, Adventist Health System/West, Series 2018A, 5.000%, 3/01/42 | 3/28 at 100.00 | A+ | 2,824,066 | ||
600 | California Statewide Communities Development Authority, Revenue Bonds, Front Porch Communities and Services Project, Series 2017A, 5.000%, 4/01/47 | 4/27 at 100.00 | A | 673,140 | ||
2,900 | California Statewide Communities Development Authority, Revenue Bonds, John Muir Health, Series 2018A, 5.000%, 12/01/57 | 12/27 at 100.00 | A+ | 3,398,307 | ||
California Statewide Communities Development Authority, Statewide Community Infrastructure Program Revenue Bonds, Series 2020A: | ||||||
1,000 | 4.000%, 9/02/28 | No Opt. Call | N/R | 1,105,040 | ||
700 | 5.000%, 9/02/40 | 9/30 at 100.00 | N/R | 845,075 | ||
California Statewide Communities Development Authority, Student Housing Revenue Bonds, University of California, Irvine East Campus Apartments, Phase IV-A CHF-Irvine, LLC, Series 2017: | ||||||
4,000 | 5.000%, 5/15/47 | 5/27 at 100.00 | Baa1 | 4,609,840 | ||
2,750 | 5.000%, 5/15/50 | 5/27 at 100.00 | Baa1 | 3,164,205 | ||
California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005A: | ||||||
308 | 5.750%, 7/01/30 (8) | 5/21 at 100.00 | N/R | 292,788 | ||
1,980 | 5.750%, 7/01/35 (8) | 5/21 at 100.00 | N/R | 1,880,939 | ||
747 | 5.500%, 7/01/39 (8) | 5/21 at 100.00 | N/R | 709,788 | ||
Chaffey Community College District, San Bernardino County, California, General Obligation Bonds, Election 2018 Series 2019A: | ||||||
3,390 | 3.000%, 6/01/37 | 6/28 at 100.00 | AA | 3,691,710 | ||
3,705 | 3.000%, 6/01/38 | 6/28 at 100.00 | AA | 4,006,476 | ||
3,975 | 3.000%, 6/01/39 | 6/28 at 100.00 | AA | 4,268,594 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 1,610 | CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Oceanaire-Long Beach, Series 2021A-1, 3.200%, 9/01/46, 144A | 9/31 at 100.00 | N/R | 1,607,186 | ||
14,350 | CSCDA Community Improvement Authority, California, Essential Housing Revenue Bonds, Oceanaire-Long Beach, Social Series 2021A-2, 4.000%, 9/01/56, 144A | 9/31 at 100.00 | N/R | 15,175,845 | ||
400 | Davis Redevelopment Agency, California, Tax Allocation Bonds, Davis Redevelopment Project, Subordinate Series 2011A, 7.000%, 12/01/36 (Pre-refunded 12/01/21) | 12/21 at 100.00 | A+ (7) | 417,972 | ||
6,170 | Elk Grove Finance Authority, California, Special Tax Revenue Bonds, Refunding Series 2016, 5.000%, 9/01/46 | 9/26 at 100.00 | N/R | 6,996,101 | ||
5,500 | Escondido Union School District, San Diego County, California, General Obligation Bonds, Election 2014 Series 2018B, 4.000%, 8/01/47 | 8/27 at 100.00 | AAA | 6,202,350 | ||
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2015A: | ||||||
1,695 | 0.000%, 1/15/33 | No Opt. Call | A- | 1,268,589 | ||
10,000 | 0.000%, 1/15/35 – AGM Insured | No Opt. Call | AA | 7,182,800 | ||
10,000 | Gilroy Unified School District, Santa Clara County, California, General Obligation Bonds, Election of 2008 & 2016, Series 2019, 4.000%, 8/01/48 | 8/27 at 100.00 | Aa3 | 11,358,400 | ||
Glendale Community College District, Los Angeles County, California, General Obligation Bonds, Election 2016 Taxable Refunding Series 2020B: | ||||||
2,440 | 0.000%, 8/01/40 | 2/30 at 73.53 | Aa2 | 1,440,722 | ||
2,465 | 0.000%, 8/01/41 | 2/30 at 71.08 | Aa2 | 1,399,750 | ||
2,650 | 0.000%, 8/01/42 | 2/30 at 68.75 | Aa2 | 1,449,100 | ||
1,705 | 0.000%, 8/01/43 | 2/30 at 66.54 | Aa2 | 898,484 | ||
1,550 | 0.000%, 8/01/44 | 2/30 at 64.38 | Aa2 | 787,524 | ||
1,250 | 0.000%, 2/01/45 | 2/30 at 63.32 | Aa2 | 622,425 | ||
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-1: | ||||||
6,000 | 5.000%, 6/01/33 | 6/28 at 100.00 | BBB | 7,286,400 | ||
6,285 | 5.250%, 6/01/47 | 6/22 at 100.00 | N/R | 6,522,824 | ||
96,250 | Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Revenue Bonds, First Subordinate Series 2007B-1, 0.000%, 6/01/47 | 4/21 at 21.89 | CCC- | 21,226,975 | ||
9,000 | Irvine Ranch Water District, California, General Obligation Bonds, Series 2016, 5.250%, 2/01/41 | 8/26 at 100.00 | AAA | 11,054,340 | ||
1,980 | Kern Community College District, California, General Obligation Bonds, Safety, Repair & Improvement, Election 2002 Series 2006, 0.000%, 11/01/23 – AGM Insured | No Opt. Call | AA | 1,958,359 | ||
2,750 | Lammersville Joint Unified School District, San Joaquin County, California, Special Tax Bonds, Community Facilities District 2014-1 Improvement Area 1 Mountain House School Facilities, Series 2017, 5.000%, 9/01/42 | 9/27 at 100.00 | N/R | 3,158,348 | ||
11,625 | Lammersville Schools Finance Authority, California, Lease Revenue Bonds, Cordes Elementary School, Series 2019, 3.000%, 10/01/49 – BAM Insured | 10/27 at 100.00 | AA | 11,977,237 | ||
7,000 | Lodi Unified School District, San Joaquin County, California, General Obligation Bonds, Election 2016 Series 2020, 3.000%, 8/01/43 | 8/27 at 100.00 | Aa3 | 7,342,300 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
Long Beach Unified School District, Los Angeles County, California, General Obligation Bonds, Election of 2016, Series 2019B: | ||||||
$ 3,000 | 3.000%, 8/01/42 | 8/29 at 100.00 | Aa2 | 3,206,130 | ||
21,500 | 3.000%, 8/01/48 | 8/29 at 100.00 | Aa2 | 22,662,505 | ||
Long Beach, California, Harbor Revenue Bonds, Series 2017: | ||||||
1,600 | 5.000%, 5/15/36 (AMT) | 5/27 at 100.00 | AA | 1,929,344 | ||
1,400 | 5.000%, 5/15/37 (AMT) | 5/27 at 100.00 | AA | 1,683,892 | ||
1,410 | 5.000%, 5/15/40 (AMT) | 5/27 at 100.00 | AA | 1,686,120 | ||
Long Beach, California, Harbor Revenue Bonds, Series 2019A: | ||||||
7,500 | 5.000%, 5/15/44 | 5/29 at 100.00 | Aa2 | 9,371,475 | ||
7,500 | 5.000%, 5/15/49 | 5/29 at 100.00 | Aa2 | 9,312,600 | ||
Los Angeles County Metropolitan Transportation Authority, California, Proposition C Sales Tax Revenue Bonds, Green Senior Lien Series 2019A: | ||||||
9,330 | 5.000%, 7/01/39 | 7/28 at 100.00 | AAA | 11,668,098 | ||
10,340 | 5.000%, 7/01/44 | 7/28 at 100.00 | AAA | 12,854,688 | ||
6,000 | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Refunding Senior Lien Series 2020A, 5.000%, 5/15/36 | 11/29 at 100.00 | Aa2 | 7,709,400 | ||
15,265 | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018C, 5.000%, 5/15/44 (AMT) | 11/27 at 100.00 | Aa3 | 18,124,592 | ||
10,000 | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018D, 5.000%, 5/15/48 (AMT) | 5/29 at 100.00 | Aa3 | 12,078,400 | ||
6,400 | Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Refunding Series 2019D, 5.000%, 7/01/49 | 7/29 at 100.00 | Aa2 | 7,973,824 | ||
Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2018D: | ||||||
7,500 | 5.000%, 7/01/43 | 7/28 at 100.00 | Aa2 | 9,326,175 | ||
6,000 | 5.000%, 7/01/48 | 7/28 at 100.00 | Aa2 | 7,411,560 | ||
12,555 | Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2019A, 5.250%, 7/01/49 | 1/29 at 100.00 | Aa2 | 15,745,225 | ||
Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2017A: | ||||||
2,300 | 5.000%, 7/01/34 | 1/27 at 100.00 | AA+ | 2,829,299 | ||
2,500 | 5.000%, 7/01/35 | 1/27 at 100.00 | AA+ | 3,069,700 | ||
7,500 | Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2018A, 5.000%, 7/01/48 | 1/28 at 100.00 | AA+ | 9,170,250 | ||
Los Angeles Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2008 Series 2018B-1: | ||||||
8,945 | 5.000%, 7/01/34 – BAM Insured | 1/28 at 100.00 | AA | 11,133,126 | ||
7,475 | 5.000%, 7/01/38 | 1/28 at 100.00 | AA+ | 9,185,130 | ||
15,150 | 5.250%, 7/01/42 | 1/28 at 100.00 | AA+ | 18,698,130 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
Los Angeles, California, Wastewater System Revenue Bonds, Green Subordinate Series 2018A: | ||||||
$ 9,320 | 5.000%, 6/01/43 | 6/28 at 100.00 | AA | 11,537,880 | ||
16,990 | 5.000%, 6/01/48 | 6/28 at 100.00 | AA | 20,893,792 | ||
2,500 | Los Angeles, California, Wastewater System Revenue Bonds, Refunding Green Subordinate Lien Series 2017B, 5.000%, 6/01/35 | 6/27 at 100.00 | AA | 3,081,950 | ||
500 | Lynwood Redevelopment Agency, California, Tax Allocation Revenue Bonds, Project Area A, Subordinate Lien Series 2011A, 7.000%, 9/01/31 | 9/21 at 100.00 | A | 510,200 | ||
1,000 | Manteca Financing Authority, California, Sewer Revenue Bonds, Series 2009, 5.750%, 12/01/36 | 6/21 at 100.00 | AA | 1,008,240 | ||
1,000 | Modesto Irrigation District, California, Electric System Revenue Bonds, Refunding Series 2011A, 5.000%, 7/01/26 | 7/21 at 100.00 | A+ | 1,011,690 | ||
2,565 | Morongo Band of Mission Indians, California, Enterprise Revenue Bonds, Series 2018A, 5.000%, 10/01/42, 144A | 10/28 at 100.00 | BBB- | 2,938,233 | ||
M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009A: | ||||||
2,800 | 7.000%, 11/01/34 | No Opt. Call | A | 4,356,828 | ||
2,500 | 6.500%, 11/01/39 | No Opt. Call | A | 3,996,600 | ||
30,945 | Oakland Unified School District, Alameda County, California, General Obligation Bonds, Election 2012, Series 2019A, 3.000%, 8/01/40 – AGM Insured | 8/27 at 100.00 | AA | 32,530,931 | ||
4,945 | Oceanside Unified School District, San Diego County, California, General Obligation Bonds, Capital Appreciation, Refunding Series 2020, 0.000%, 8/01/43 – AGM Insured | 8/28 at 66.68 | AA | 2,767,331 | ||
8,715 | Ontario Redevelopment Financing Authority, San Bernardino County, California, Revenue Bonds, Redevelopment Project 1, Series 1993, 5.800%, 8/01/23 – NPFG Insured (ETM) | 5/21 at 100.00 | N/R (7) | 9,323,307 | ||
Orange County, California, Special Tax Bonds, Community Facilities District 2016-1 Esencia Village, Series 2016A: | ||||||
1,250 | 5.000%, 8/15/41 | 8/26 at 100.00 | N/R | 1,426,725 | ||
2,000 | 5.000%, 8/15/46 | 8/26 at 100.00 | N/R | 2,266,840 | ||
Palm Desert Redevelopment Agency, California, Successor Agency Redevelopment Project Area, Series 2017A: | ||||||
500 | 5.000%, 10/01/28 – BAM Insured | 4/27 at 100.00 | AA | 614,570 | ||
500 | 5.000%, 10/01/30 – BAM Insured | 4/27 at 100.00 | AA | 611,470 | ||
5,325 | Placentia-Yorba Linda Unified School District, Orange County, California, General Obligation Bonds, Series 2011D, 0.000%, 8/01/41 | No Opt. Call | AA- | 3,273,588 | ||
3,775 | Poway Unified School District, San Diego County, California, General Obligation Bonds, School Facilities Improvement District 2007-1, Election 2008 Series 2009A, 0.000%, 8/01/23 | No Opt. Call | AA- | 3,739,628 | ||
Poway Unified School District, San Diego County, California, General Obligation Bonds, School Facilities Improvement District 2007-1, Election 2008 Series 2011B: | ||||||
11,810 | 0.000%, 8/01/38 | No Opt. Call | AA- | 8,070,564 | ||
10,650 | 0.000%, 8/01/40 | No Opt. Call | AA- | 6,821,367 | ||
5,500 | Poway Unified School District, San Diego County, California, General Obligation Bonds, School Facilities Improvement District 2007-1, Series 2011A, 0.000%, 8/01/41 | No Opt. Call | AA- | 3,408,405 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 15,000 | Rialto Unified School District, San Bernardino County, California, General Obligation Bonds, Series 2011A, 0.000%, 8/01/41 – AGM Insured (5) | 8/36 at 100.00 | AA | 19,196,100 | ||
5,775 | Riverside, California, Sewer Revenue Bonds, Refunding Series 2018A, 5.000%, 8/01/39 | 8/28 at 100.00 | AA- | 7,195,939 | ||
1,735 | Rocklin, Placer County, California, Special Tax Bonds, Community Facilities District 10 Whitney Ranch, Series 2015, 5.000%, 9/01/39 | 9/25 at 100.00 | N/R | 1,947,277 | ||
675 | Roseville, California, Special Tax Bonds, Community Facilities District 1 Hewlett Parkard Campus Oaks, Series 2016, 5.500%, 9/01/46 | 9/26 at 100.00 | N/R | 773,550 | ||
Sacramento County, California, Airport System Revenue Bonds, Refunding Senior Series 2018C: | ||||||
4,305 | 5.000%, 7/01/37 (AMT) | 7/28 at 100.00 | A | 5,187,956 | ||
6,000 | 5.000%, 7/01/38 (AMT) | 7/28 at 100.00 | A | 7,213,200 | ||
5,000 | 5.000%, 7/01/39 (AMT) | 7/28 at 100.00 | A | 5,997,200 | ||
825 | Sacramento, California, Special Tax Bonds, Community Facilities District 05-1 College Square, Series 2007, 5.900%, 9/01/37 | 9/21 at 100.00 | N/R | 838,464 | ||
6,000 | San Diego County Regional Airport Authority, California, Airport Revenue Bonds, Refunding Subordinate Series 2019A, 4.000%, 7/01/38 | 7/29 at 100.00 | A+ | 6,973,080 | ||
San Diego County Regional Airport Authority, California, Airport Revenue Bonds, Subordinate Series 2017A: | ||||||
8,000 | 5.000%, 7/01/42 (AMT) | 7/27 at 100.00 | A+ | 9,476,560 | ||
2,500 | 5.000%, 7/01/47 | 7/27 at 100.00 | A+ | 2,991,375 | ||
3,615 | 5.000%, 7/01/47 (AMT) | 7/27 at 100.00 | A+ | 4,264,507 | ||
6,895 | San Diego Public Facilities Financing Authority, California, Water Utility Revenue Bonds, Subordinate Lien Series 2018A, 5.250%, 8/01/47 | 8/28 at 100.00 | Aa3 | 8,643,503 | ||
San Diego Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Refunding Series 2017A: | ||||||
1,815 | 5.000%, 9/01/36 | 9/26 at 100.00 | AA | 2,171,756 | ||
6,160 | 5.000%, 9/01/40 | 9/26 at 100.00 | AA | 7,323,870 | ||
San Diego Unified School District, San Diego County, California, General Obligation Bonds, Series 2010C: | ||||||
7,150 | 0.000%, 7/01/39 | No Opt. Call | Aa2 | 4,776,811 | ||
2,800 | 0.000%, 7/01/42 | No Opt. Call | Aa2 | 1,703,662 | ||
1,350 | 0.000%, 7/01/43 | No Opt. Call | Aa2 | 795,062 | ||
San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2016B: | ||||||
5,000 | 5.000%, 5/01/41 (AMT) | 5/26 at 100.00 | A1 | 5,825,400 | ||
12,300 | 5.000%, 5/01/46 (AMT) | 5/26 at 100.00 | A1 | 14,230,239 | ||
12,715 | San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2017A, 5.000%, 5/01/47 (AMT) | 5/27 at 100.00 | A+ | 14,911,643 | ||
3,000 | San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2018D, 5.000%, 5/01/43 (AMT) | 5/28 at 100.00 | A1 | 3,586,500 | ||
8,000 | San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2019A, 5.000%, 5/01/44 (AMT) | 5/29 at 100.00 | A1 | 9,653,040 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2019E: | ||||||
$ 2,515 | 5.000%, 5/01/45 (AMT) | 5/29 at 100.00 | A1 | 3,027,758 | ||
14,470 | 5.000%, 5/01/50 (AMT) | 5/29 at 100.00 | A1 | 17,333,613 | ||
13,300 | San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Junior Lien Series 2014B, 5.250%, 1/15/44 | 1/25 at 100.00 | BBB+ | 14,837,613 | ||
9,745 | San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2014A, 5.000%, 1/15/44 | 1/25 at 100.00 | A- | 10,877,564 | ||
2,000 | San Jose, California, Airport Revenue Bonds, Refunding Series 2017A, 5.000%, 3/01/22 (AMT) | No Opt. Call | A2 | 2,086,620 | ||
5,350 | San Rafael Elementary School District, Marin County, California, General Obligation Bonds, Series 2005C, 0.000%, 8/01/30 – NPFG Insured | No Opt. Call | AA | 4,532,574 | ||
5,325 | Sunnyvale Financing Authority, California, Lease Revenue Bonds, Civic Center Project, Green Series 2020, 2.500%, 4/01/52 (UB) (4) | 4/30 at 100.00 | AA+ | 5,257,905 | ||
275 | Temecula Public Financing Authority, California, Special Tax Bonds, Community Facilities District 16-01, Series 2017, 6.250%, 9/01/47, 144A | 9/27 at 100.00 | N/R | 298,788 | ||
500 | Temecula Redevelopment Agency, California, Redevelopment Project 1 Tax Allocation Housing Bonds Series 2011A, 6.750%, 8/01/31 (Pre-refunded 8/01/21) | 8/21 at 100.00 | N/R (7) | 510,655 | ||
2,750 | Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed Bonds, Refunding Sacramento County Tobacco Securitization Corporation Series 2021A Class 1, 4.000%, 6/01/49 | 12/30 at 100.00 | BBB+ | 3,173,249 | ||
University of California, General Revenue Bonds, Taxable Series 2021BI: | ||||||
2,500 | 0.870%, 5/15/26 | No Opt. Call | AA | 2,457,486 | ||
1,000 | 1.272%, 5/15/27 | No Opt. Call | AA | 988,831 | ||
1,360 | 1.372%, 5/15/28 | No Opt. Call | AA | 1,330,474 | ||
3,500 | Upland, California, Certificates of Participation, San Antonio Regional Hospital, Series 2017, 5.000%, 1/01/47 | 1/28 at 100.00 | BBB | 3,939,355 | ||
5,000 | Victor Valley Union High School District, San Bernardino County, California, General Obligation Bonds, Series 2009A, 5.750%, 8/01/31 – AGC Insured | 8/26 at 100.00 | AA | 6,241,550 | ||
Westminster School District, Orange County, California, General Obligation Bonds, Series 2009-A1: | ||||||
2,485 | 0.000%, 8/01/26 – AGC Insured | No Opt. Call | AA | 2,363,558 | ||
1,405 | 0.000%, 8/01/28 – AGC Insured | No Opt. Call | AA | 1,277,707 | ||
2,920 | 0.000%, 8/01/29 – AGC Insured | No Opt. Call | AA | 2,582,740 | ||
William S Hart Union High School District, Los Angeles County, California, Special Tax Bonds, Community Facilities District 2015-1, Series 2017: | ||||||
1,425 | 5.000%, 9/01/42 | 9/26 at 100.00 | N/R | 1,610,336 | ||
1,205 | 5.000%, 9/01/47 | 9/26 at 100.00 | N/R | 1,349,877 | ||
7,505 | Wiseburn School District, Los Angeles County, California, General Obligation Bonds, Series 2007A, 0.000%, 8/01/30 – NPFG Insured | No Opt. Call | Aa2 | 6,329,042 | ||
11,250 | Yosemite Community College District, California, General Obligation Bonds, Capital Appreciation, Election 2004, Series 2010D, 0.000%, 8/01/42 (5) | No Opt. Call | Aa2 | 11,063,025 | ||
1,215,950 | Total California | 1,256,379,982 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado – 4.8% | ||||||
$ 2,500 | Arista Metropolitan District, Broomfield County, Colorado, General Obligation Limited Tax Bonds, Refunding & Improvement Convertible to Unlimited Tax Series 2018A, 5.125%, 12/01/48 | 12/23 at 103.00 | N/R | 2,677,850 | ||
880 | Aurora Crossroads Metropolitan District 2, Colorado, Limited Tax General Obligation Bonds, Series 2020A, 5.000%, 12/01/40 | 9/25 at 103.00 | N/R | 956,217 | ||
17,840 | Auroroa, Colorado, Water Revenue Bonds, Refunding First Lien Green Series 2016, 5.000%, 8/01/41 | 8/26 at 100.00 | AA+ | 21,199,450 | ||
Aviation Station North Metropolitan District 2, Denver County, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2019A: | ||||||
500 | 4.000%, 12/01/29 | 9/24 at 103.00 | N/R | 531,705 | ||
1,310 | 5.000%, 12/01/39 | 9/24 at 103.00 | N/R | 1,407,438 | ||
1,350 | 5.000%, 12/01/48 | 9/24 at 103.00 | N/R | 1,440,045 | ||
575 | Bella Mesa Metropolitan District, Castle Rock, Colorado, Limited Tax General Obligation Bonds, Convertible Capital Appreciation Series 2020A-3, 0.000%, 12/01/49, 144A | 6/25 at 99.64 | N/R | 459,569 | ||
500 | Broadway Station Metropolitan District 2, Denver City and County, Colorado, General Obligation Limited Tax Bonds, Convertible to Unlimited Series 2019A, 5.125%, 12/01/48 | 6/24 at 103.00 | N/R | 541,110 | ||
750 | Broadway Station Metropolitan District 3, Denver City and County, Colorado, General Obligation Limited Tax Bonds, Convertible to Unlimited Series 2019A, 5.000%, 12/01/49 | 6/24 at 103.00 | N/R | 815,528 | ||
500 | Castle Pines Commercial Metropolitan District 1, Castle Rock, Colorado, Limited Tax Supported Revenue Bonds, Series 2015, 5.000%, 12/01/39 | 5/21 at 100.00 | N/R | 500,410 | ||
Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding & Improvement Series 2017: | ||||||
7,000 | 5.000%, 12/01/29, 144A | 12/22 at 103.00 | N/R | 7,443,590 | ||
9,000 | 5.000%, 12/01/47, 144A | 12/22 at 103.00 | N/R | 9,468,450 | ||
1,890 | Colliers Hill Metropolitan District 2, Erie, Weld County, Colorado, General Obligation Limited Tax Bonds, Series 2017A, 6.500%, 12/01/47 | 12/22 at 103.00 | N/R | 1,990,000 | ||
1,450 | Colorado Educational and Cultural Facilities Authority, Charter School Refunding Revenue Bonds, Pinnacle Charter School, Inc K-8 Facility Project, Series 2013, 5.000%, 6/01/26 | 6/23 at 100.00 | A+ | 1,580,413 | ||
2,065 | Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Community Leadership Academy Project, Series 2008, 6.500%, 7/01/38 | 5/21 at 100.00 | BB+ | 2,070,699 | ||
3,040 | Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Community Leadership Academy, Inc Second Campus Project, Series 2013, 7.350%, 8/01/43 | 8/23 at 100.00 | BB+ | 3,360,294 | ||
6,570 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Adventist Health System/Sunbelt Obligated Group, Series 2018B, 5.000%, 11/15/48 (Mandatory Put 11/20/25) | No Opt. Call | AA | 7,873,948 | ||
1,400 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Christian Living Neighborhoods Project, Refunding Series 2016, 5.000%, 1/01/37 | 1/24 at 102.00 | N/R | 1,487,738 | ||
18,055 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-1, 4.000%, 8/01/44 | 8/29 at 100.00 | BBB+ | 20,047,008 | ||
4,775 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-2, 5.000%, 8/01/44 | 8/29 at 100.00 | BBB+ | 5,793,985 | ||
12,000 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Covenant Retirement Communities Inc, Refunding Series 2012A, 5.000%, 12/01/33 (Pre-refunded 12/01/22) | 12/22 at 100.00 | A- (7) | 12,959,760 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
$ 725 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Series 2013, 5.625%, 6/01/43 (Pre-refunded 6/01/23) | 6/23 at 100.00 | N/R (7) | 809,383 | ||
6,155 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Series 2013A, 5.000%, 6/01/45 (Pre-refunded 6/01/25) | 6/25 at 100.00 | N/R (7) | 7,292,629 | ||
3,000 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Parkview Medical Center, Refunding Series 2015B, 4.000%, 9/01/34 | 9/25 at 100.00 | Baa1 | 3,261,780 | ||
1,750 | Colorado International Center Metropolitan District 14, Denver, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2018, 5.875%, 12/01/46 | 12/23 at 103.00 | N/R | 1,891,732 | ||
8,000 | Colorado State, Building Excellent Schools Today, Certificates of Participation, Series 2018N, 5.000%, 3/15/38 | 3/28 at 100.00 | Aa2 | 9,766,080 | ||
1,000 | Compark Business Campus Metropolitan District, Douglas County, Colorado, General Obligation Bonds, Series 2012A, 6.750%, 12/01/39 (Pre-refunded 12/01/22) | 12/22 at 100.00 | N/R (7) | 1,104,840 | ||
850 | Copper Ridge Metropolitan District, Colorado Springs, Colorado, Tax Increment and Sales Tax Supported Revenue Bonds, Series 2019, 4.000%, 12/01/29 | 12/24 at 103.00 | N/R | 863,796 | ||
500 | Copperleaf Metropolitan District 4, Arapahoe County, Colorado, Limited Tax General Obligation Bonds, Convertible to Unlimited Tax Series 2020A, 5.000%, 12/01/39 | 3/25 at 103.00 | N/R | 542,370 | ||
5,000 | Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013A, 5.250%, 11/15/43 (AMT) | 11/23 at 100.00 | A+ | 5,515,850 | ||
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2018A: | ||||||
4,000 | 5.000%, 12/01/26 (AMT) | No Opt. Call | A+ | 4,881,400 | ||
10,510 | 5.000%, 12/01/34 (AMT) | 12/28 at 100.00 | A+ | 12,877,798 | ||
13,390 | 5.000%, 12/01/35 (AMT) | 12/28 at 100.00 | A+ | 16,361,643 | ||
19,500 | Denver City and County, Colorado, Dedicated Tax Revenue Bonds, Current Interest Series 2018A-1, 5.000%, 8/01/48 | 8/26 at 100.00 | AA- | 22,941,555 | ||
Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel, Refunding Senior Lien Series 2016: | ||||||
2,250 | 5.000%, 12/01/26 | No Opt. Call | Baa2 | 2,677,522 | ||
3,130 | 5.000%, 12/01/30 | 12/26 at 100.00 | Baa2 | 3,633,210 | ||
3,310 | 5.000%, 12/01/31 | 12/26 at 100.00 | Baa2 | 3,830,332 | ||
5,005 | 5.000%, 12/01/33 | 12/26 at 100.00 | Baa2 | 5,756,851 | ||
565 | 5.000%, 12/01/34 | 12/26 at 100.00 | Baa2 | 647,959 | ||
DIATC Metropolitan District, Commerce City, Adams County, Colorado, General Obligation Limited Tax Bonds, Refunding & Improvement Series 2019: | ||||||
505 | 5.000%, 12/01/39, 144A | 9/24 at 103.00 | N/R | 544,466 | ||
500 | 5.000%, 12/01/49, 144A | 9/24 at 103.00 | N/R | 535,175 | ||
11,555 | E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B, 0.000%, 9/01/24 – NPFG Insured | No Opt. Call | A | 11,248,330 | ||
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B: | ||||||
20 | 0.000%, 9/01/29 – NPFG Insured | No Opt. Call | A | 17,318 | ||
395 | 0.000%, 9/01/30 – NPFG Insured | No Opt. Call | A | 331,484 | ||
20 | 0.000%, 9/01/32 – NPFG Insured | No Opt. Call | A | 15,841 | ||
25 | 0.000%, 9/01/33 – NPFG Insured | No Opt. Call | A | 19,199 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
$ 9,890 | E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004A, 0.000%, 9/01/27 – NPFG Insured | No Opt. Call | A | 9,073,185 | ||
1,160 | El Paso County School District 49 Falcon, Colorado, Certificates of Participation, Series 2015, 5.000%, 12/15/28 | 12/25 at 100.00 | Aa3 | 1,379,031 | ||
1,035 | Erie Farm Metropolitan District, Colorado, General Obligation Limited Tax Bonds, Series 2016A, 5.500%, 12/01/45 | 12/21 at 103.00 | N/R | 1,076,897 | ||
Foothills Metropolitan District, Fort Collins, Colorado, Special Revenue Bonds, Series 2014: | ||||||
1,957 | 5.250%, 12/01/24 | No Opt. Call | N/R | 2,103,364 | ||
1,365 | 6.000%, 12/01/38 | 12/24 at 100.00 | N/R | 1,437,905 | ||
Fossil Ridge Metropolitan District 3, Lakewood, Jefferson County, Colorado, General Obligation Limited Tax Bonds, Refunding & Improvement Series 2020: | ||||||
1,000 | 2.250%, 12/01/38 – BAM Insured | 12/30 at 100.00 | AA | 978,054 | ||
750 | 2.375%, 12/01/39 – BAM Insured | 12/30 at 100.00 | AA | 743,159 | ||
Fourth Street Crossing Business Improvement District, Silverthorne, Summit County, Colorado, Special Revenue and Tax Supported Bonds, Senior Series 2019A: | ||||||
3,000 | 4.625%, 12/01/29, 144A | 6/24 at 103.00 | N/R | 3,219,660 | ||
3,160 | 5.125%, 12/01/38, 144A | 6/24 at 103.00 | N/R | 3,390,048 | ||
2,240 | 5.375%, 12/01/49, 144A | 6/24 at 103.00 | N/R | 2,402,602 | ||
Grand Junction, Colorado, General Fund Revenue Bonds, Improvement Series 2020B: | ||||||
3,300 | 4.000%, 3/01/45 | 3/30 at 100.00 | AA | 3,858,756 | ||
1,975 | 4.000%, 3/01/49 | 3/30 at 100.00 | AA | 2,298,762 | ||
845 | Green Valley Ranch East Metropolitan Deistrict No 6, Adams County, Colorado, Limited Tax General Obligation Bonds, Series 2020A-3, 5.875%, 12/01/50 | 9/25 at 103.00 | N/R | 924,599 | ||
2,000 | Hess Ranch Metropolitan District 6, Parker, Colorado, Limited Tax General Obligation Bonds, Series 2020A-1, 5.000%, 12/01/49 | 3/25 at 103.00 | N/R | 2,164,360 | ||
4,000 | Independence Water & Sanitation District, Elbert County, Colorado, Special Revenue Bonds, Series 2019, 7.250%, 12/01/38 | 6/24 at 103.00 | N/R | 4,337,640 | ||
1,735 | Jefferson Center Metropolitan District 1, Arvada, Jefferson County, Colorado, Special Revenue Bonds, Subordinate Series 2020B, 5.750%, 12/15/50 | 12/23 at 103.00 | N/R | 1,851,071 | ||
9,265 | Johnstown Plaza Metropolitan District, Colorado, Special Revenue Bonds, Series 2016A, 5.375%, 12/01/46 | 12/21 at 103.00 | N/R | 9,631,801 | ||
Lakes at Centerra Metropolitan District 2, Loveland, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2018A: | ||||||
1,695 | 5.125%, 12/01/37 | 12/23 at 103.00 | N/R | 1,811,362 | ||
1,945 | 5.250%, 12/01/47 | 12/23 at 103.00 | N/R | 2,069,869 | ||
2,145 | Metropolitan State University of Denver, Colorado, Institutional Enterprise Revenue Bonds, Aerospace and Engineering Sciences Building Project, Series 2016, 5.000%, 12/01/45 | 12/25 at 100.00 | Aa2 | 2,504,910 | ||
1,470 | Mirabelle Metropolitan District 2, Douglas County, Colorado, Limited Tax General Obligation Bonds, Series 2020A, 5.000%, 12/01/49 | 3/25 at 103.00 | N/R | 1,573,709 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
Painted Prairie Public Improvement Authority, Aurora, Colorado, Special Revenue Bonds, Series 2019: | ||||||
$ 4,950 | 5.000%, 12/01/39 | 12/24 at 103.00 | N/R | 5,397,925 | ||
15,845 | 5.000%, 12/01/49 | 12/24 at 103.00 | N/R | 17,123,216 | ||
620 | Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Bonds, Refunding Series 2015A, 5.000%, 12/01/45 | 12/25 at 100.00 | A | 699,899 | ||
3,500 | Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Bonds, Series 2019A, 4.000%, 12/01/46 – AGM Insured | 12/29 at 100.00 | AA | 4,053,280 | ||
830 | Parkdale Community Authority, Erie, Colorado, Limited Tax Supported Revenue Bonds, District 1, Series 2020A, 5.000%, 12/01/40 | 9/25 at 103.00 | N/R | 896,068 | ||
6,300 | Plaza Metropolitan District 1, Lakewood, Colorado, Tax Increment Revenue Bonds, Refunding Series 2013, 4.500%, 12/01/30, 144A | 12/22 at 100.00 | N/R | 6,486,291 | ||
4,250 | Prairie Center Metopolitan District No 3, In the City of Brighton, Adams County, Colorado, Limited Property Tax Supported Primary Improvements Revenue Bonds, Refunding Series 2017A, 5.000%, 12/15/41, 144A | 12/26 at 100.00 | N/R | 4,566,327 | ||
2,810 | Prairie Center Metropolitan District No 3, Brighton, Colorado, Special Revenue Bonds, Park and Recreation Improvements Series 2018, 5.125%, 12/15/42 | 12/23 at 103.00 | N/R | 2,999,675 | ||
2,500 | Prairie Farm Metropolitan District, In the City of Commerce City, Adams County, Colorado, Limited Tax Convertible to Unlimited Tax, General Obligation Bonds, Series 2018A, 5.250%, 12/01/48 | 12/22 at 103.00 | N/R | 2,684,400 | ||
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado Springs Utilities, Series 2008: | ||||||
2,170 | 6.250%, 11/15/28 | No Opt. Call | A+ | 2,716,449 | ||
3,580 | 6.500%, 11/15/38 | No Opt. Call | A+ | 5,501,887 | ||
1,300 | Pueblo Urban Renewal Authority, Colorado, Tax Increment Revenue Bonds, EVRAZ Project, Series 2021A, 4.750%, 12/01/45, 144A | 12/30 at 100.00 | N/R | 1,385,969 | ||
1,175 | Raindance Metropolitan District 1, Acting by and through its Water Activity Enterprise In the Town of Windsor, Weld County, Colorado, Non-Potable Water Enterprise Revenue Bonds, Series 2020, 5.000%, 12/01/40 | 12/25 at 103.00 | N/R | 1,269,846 | ||
Regional Transportation District, Colorado, Private Activity Bonds, Denver Transit Partners Eagle P3 Project, Series 2020A: | ||||||
1,750 | 4.000%, 7/15/35 | 1/31 at 100.00 | A- | 2,070,226 | ||
1,350 | 3.000%, 7/15/37 | 1/31 at 100.00 | A- | 1,405,878 | ||
1,000 | 4.000%, 7/15/39 | No Opt. Call | A- | 1,243,171 | ||
1,000 | 4.000%, 7/15/40 | No Opt. Call | A- | 1,247,982 | ||
500 | Settler's Crossing Metropolitan District 1, Lakewood, Colorado, Limited Tax General Obligation Bonds, Series 2020A, 5.000%, 12/01/40, 144A | 9/25 at 103.00 | N/R | 541,595 | ||
2,380 | South Sloan?s Lake Metropolitan District 2, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2019, 4.000%, 12/01/44 – AGM Insured | 12/29 at 100.00 | AA | 2,693,184 | ||
STC Metropolitan District 2, Superior, Boulder County, Colorado, Limited Tax General Obligation and Special Revenue Bonds, Refunding & improvement Series 2019A: | ||||||
555 | 4.000%, 12/01/29 | 12/24 at 103.00 | N/R | 597,069 | ||
500 | 5.000%, 12/01/38 | 12/24 at 103.00 | N/R | 543,240 | ||
575 | Sterling Hills West Metropolitan District, Arapahoe County, Colorado, General Obligation Bonds, Refunding & Improvement Series 2007, 5.000%, 12/01/39 | 12/27 at 100.00 | A3 | 677,034 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
$ 1,310 | Thompson Crossing Metropolitan District 4, Johnstown, Larimer County, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Refunding & Improvement Series 2019, 5.000%, 12/01/49 | 9/24 at 103.00 | N/R | 1,401,726 | ||
Trails at Crowfoot Metropolitan District 3, Parker, Colorado, Limited Tax General Obligation Bonds, Series 2019A: | ||||||
1,860 | 4.375%, 12/01/30 | 9/24 at 103.00 | N/R | 1,981,049 | ||
2,070 | 5.000%, 12/01/39 | 9/24 at 103.00 | N/R | 2,223,967 | ||
3,640 | 5.000%, 12/01/49 | 9/24 at 103.00 | N/R | 3,880,276 | ||
5,585 | Vauxmont Metropolitan District, Arvada, Colorado, Limited Tax General Obligation and Special Revenue Bonds, Convertible to Unlimited Tax Refunding Subordinate Series 2019, 3.250%, 12/15/50 – AGM Insured | 12/24 at 103.00 | AA | 5,908,148 | ||
Velocity Metropolitan District 3, In the City of Aurora, Colorado, Limited Tax General Obligation Bonds, Series 2019: | ||||||
500 | 5.125%, 12/01/34 | 12/23 at 103.00 | N/R | 537,815 | ||
2,000 | 5.375%, 12/01/39 | 12/23 at 103.00 | N/R | 2,153,400 | ||
5,000 | 5.500%, 12/01/48 | 12/23 at 103.00 | N/R | 5,364,100 | ||
3,500 | Westerly Metropolitan District 4, Weld County, Colorado, General Obligation Limited Tax Bonds, Series 2021A-1, 5.000%, 12/01/50 | 3/26 at 103.00 | N/R | 3,771,890 | ||
2,700 | Willow Springs Ranch Metropolitan District, Monument, El Paso County, Colorado, Limited Tax General Obligation Bonds, Convertible to Unlimited Tax Series 2019A, 5.000%, 12/01/49 | 12/24 at 103.00 | N/R | 2,884,248 | ||
339,147 | Total Colorado | 377,711,724 | ||||
Connecticut – 0.5% | ||||||
3,065 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Connecticut State University System, Series 2019Q-2, 5.000%, 11/01/30 | 11/29 at 100.00 | Aa3 | 3,898,159 | ||
860 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Healthcare Facility Expansion Church Home of Hartford Inc Project, Series 2016A, 5.000%, 9/01/53, 144A | 9/26 at 100.00 | BB | 936,256 | ||
4,500 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Nuvance Health Series 2019A, 3.000%, 7/01/39 – AGM Insured | 7/29 at 100.00 | AA | 4,655,025 | ||
1,000 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Sacred Heart University, Series 2011G, 5.625%, 7/01/41 (Pre-refunded 7/01/21) | 7/21 at 100.00 | A (7) | 1,013,110 | ||
11,000 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Trinity Health Credit Group, Series 2016CT, 5.000%, 12/01/45 | 6/26 at 100.00 | AA- | 13,055,570 | ||
1,675 | Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes Series 2015A, 5.000%, 8/01/35 | 8/25 at 100.00 | Aa3 | 1,947,003 | ||
Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes, Series 2020A: | ||||||
2,500 | 4.000%, 5/01/36 | 5/30 at 100.00 | A+ | 2,914,275 | ||
2,550 | 4.000%, 5/01/39 | 5/30 at 100.00 | A+ | 2,944,001 | ||
6,500 | Harbor Point Infrastructure Improvement District, Connecticut, Special Obligation Revenue Bonds, Harbor Point Project, Refunding Series 2017, 5.000%, 4/01/39, 144A | 4/27 at 100.00 | N/R | 7,425,795 | ||
33,650 | Total Connecticut | 38,789,194 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Delaware – 0.2% | ||||||
$ 1,000 | Delaware Economic Development Authority, Revenue Bonds, ASPIRA of Delaware Charter Operations, Inc Project, Series 2016A, 5.000%, 6/01/46 | 6/26 at 100.00 | BB | 1,068,690 | ||
Delaware Health Facilities Authroity, Revenue Bonds, Beebe Medical Center Project, Series 2018: | ||||||
1,905 | 4.375%, 6/01/48 | 12/28 at 100.00 | BBB | 2,121,522 | ||
8,300 | 5.000%, 6/01/48 | 12/28 at 100.00 | BBB | 9,750,093 | ||
600 | Kent County, Delaware, Student Housing & Dining Facility Revenue Bonds, Collegiate Housing Foundation - Dover LLC Delaware State University Project, Series 2018A, 5.000%, 7/01/58 | 1/28 at 100.00 | BB- | 649,458 | ||
11,805 | Total Delaware | 13,589,763 | ||||
District of Columbia – 0.4% | ||||||
District of Columbia Water and Sewer Authority, Public Utility Revenue Bonds, Subordinate Lien Green Series 2019A: | ||||||
440 | 5.000%, 10/01/38 | 10/29 at 100.00 | AA+ | 564,067 | ||
1,100 | 5.000%, 10/01/39 | 10/29 at 100.00 | AA+ | 1,406,691 | ||
1,355 | District of Columbia Water and Sewer Authority, Public Utility Revenue Bonds, Subordinate Lien Series 2019B, 5.000%, 10/01/37 | 10/29 at 100.00 | AA+ | 1,741,934 | ||
1,635 | Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Refunding & Subordinate Lien Series 2019B, 4.000%, 10/01/38 | 10/29 at 100.00 | A- | 1,878,582 | ||
3,745 | Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Second Senior Lien Series 2009B, 0.000%, 10/01/31 – AGC Insured | No Opt. Call | AA | 3,089,550 | ||
2,000 | Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Bonds, Series 2011C, 5.000%, 10/01/26 (AMT) | 10/21 at 100.00 | Aa3 | 2,046,700 | ||
Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2018A: | ||||||
8,470 | 5.000%, 10/01/33 (AMT) | 10/28 at 100.00 | Aa3 | 10,471,800 | ||
3,000 | 5.000%, 10/01/34 (AMT) | 10/28 at 100.00 | Aa3 | 3,698,880 | ||
3,000 | 5.000%, 10/01/35 (AMT) | 10/28 at 100.00 | Aa3 | 3,689,490 | ||
3,500 | Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2019A, 5.000%, 10/01/34 (AMT) | 10/29 at 100.00 | Aa3 | 4,394,670 | ||
28,245 | Total District of Columbia | 32,982,364 | ||||
Florida – 6.7% | ||||||
24,445 | Alachua County Health Facilities Authority, Florida, Health Facilties Revenue Bonds, Shands Teaching Hospital & Clinics, Inc at the University of Florida Project, Series 2019A, 4.000%, 12/01/49 | 12/29 at 100.00 | A | 27,497,447 | ||
Atlantic Beach, Florida, Healthcare Facilities Revenue Refunding Bonds, Fleet Landing Project, Series 2013A: | ||||||
300 | 5.000%, 11/15/23 | No Opt. Call | BBB | 324,612 | ||
2,300 | 5.000%, 11/15/28 | 11/23 at 100.00 | BBB | 2,467,946 | ||
415 | Boynton Village Community Development District, Florida, Special Assessment Bonds, Series 2007-A1, 5.750%, 5/01/37 | 5/21 at 100.00 | N/R | 415,282 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$ 5,530 | Broward County, Florida, Airport System Revenue Bonds, Series 2019A, 4.000%, 10/01/49 (AMT) | 10/29 at 100.00 | A1 | 6,124,586 | ||
Broward County, Florida, Port Facilities Revenue Bonds, Series 2019A: | ||||||
4,345 | 5.000%, 9/01/44 | 9/29 at 100.00 | A1 | 5,246,283 | ||
9,735 | 5.000%, 9/01/49 | 9/29 at 100.00 | A1 | 11,683,752 | ||
Broward County, Florida, Port Facilities Revenue Bonds, Series 2019B: | ||||||
2,250 | 4.000%, 9/01/37 (AMT) (UB) (4) | 9/29 at 100.00 | A1 | 2,554,695 | ||
9,870 | 4.000%, 9/01/39 (AMT) (UB) (4) | 9/29 at 100.00 | A1 | 11,146,684 | ||
6,000 | Cape Coral, Florida, Water and Sewer Revenue Bonds, Refunding Series 2011, 5.000%, 10/01/41 – AGM Insured (Pre-refunded 10/01/21) | 10/21 at 100.00 | AA (7) | 6,142,740 | ||
Capital Trust Agency, Florida, Educational Facilities Lease Revenue Bonds, Franklin Academy Projects, Series 2020: | ||||||
1,085 | 5.000%, 12/15/35, 144A | 7/26 at 100.00 | N/R | 1,189,887 | ||
245 | 5.000%, 12/15/40, 144A | 7/26 at 100.00 | N/R | 266,185 | ||
8,450 | 5.000%, 12/15/50, 144A | 7/26 at 100.00 | N/R | 9,080,792 | ||
2,845 | 5.000%, 12/15/55, 144A | 7/26 at 100.00 | N/R | 3,050,267 | ||
Capital Trust Agency, Florida, Multifamily Housing Revenue Bonds, The Gardens Apartments Project, Series 2015A: | ||||||
1,500 | 4.750%, 7/01/40 | 7/25 at 100.00 | CCC+ | 1,090,725 | ||
1,380 | 5.000%, 7/01/50 | 7/25 at 100.00 | CCC+ | 1,000,597 | ||
15,660 | Capital Trust Agency, Florida, Revenue Bonds, Provision CARES Proton Therapy Center, Orlando Project, Series 2018, 7.500%, 6/01/48, 144A (8), (9) | 6/28 at 100.00 | N/R | 5,950,800 | ||
Capital Trust Agency, Florida, Revenue Bonds, Renaissance Charter School Project, Series 2019A: | ||||||
500 | 4.000%, 6/15/29, 144A | 6/26 at 100.00 | N/R | 528,550 | ||
565 | 5.000%, 6/15/39, 144A | 6/26 at 100.00 | N/R | 612,726 | ||
610 | 5.000%, 6/15/49, 144A | 6/26 at 100.00 | N/R | 654,219 | ||
7,060 | Central Florida Expressway Authority, Revenue Bonds, Refunding Senior Lien Series 2016B, 4.000%, 7/01/39 | 7/26 at 100.00 | A+ | 7,918,002 | ||
6,130 | Charlotte County Industrial Development Authority, Florida, Utility System Revenue Bonds, Town & Country Utilities Project, Series 2019, 5.000%, 10/01/49, 144A (AMT) | 10/27 at 100.00 | N/R | 6,737,483 | ||
1,125 | Cityplace Community Development District, Florida, Special Assessement and Revenue Bonds, Refunding Series 2012, 5.000%, 5/01/26 | No Opt. Call | A | 1,282,117 | ||
1,000 | Coco Palms Community Development District, Miami-Dade County, Florida, Special Assessment Bonds, Series 2016, 5.000%, 5/01/46 | 5/27 at 100.00 | N/R | 1,087,700 | ||
Escambia County Health Facilities Authority, Florida, Health Care Facilities Revenue Bonds, Baptist Health Care Corporation Obligated, Series 2020A: | ||||||
2,145 | 4.000%, 8/15/45 | 2/30 at 100.00 | BBB+ | 2,381,036 | ||
2,235 | 4.000%, 8/15/45 – AGM Insured (UB) (4) | 2/30 at 100.00 | AA | 2,541,575 | ||
2,750 | 4.000%, 8/15/50 | 2/30 at 100.00 | BBB+ | 3,031,682 | ||
2,885 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Bay Area Charter Foundation, LLC Projects, Series 2011A, 7.750%, 6/15/42 (Pre-refunded 12/15/21) | 12/21 at 100.00 | N/R (7) | 3,066,553 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$ 2,000 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Downtown Doral Charter Upper School Project, Series 2017C, 5.750%, 7/01/47, 144A | 7/27 at 101.00 | N/R | 2,192,940 | ||
Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Mater Academy Projects, Series 2020A: | ||||||
1,070 | 5.000%, 6/15/50 | 6/27 at 100.00 | BBB | 1,204,221 | ||
1,700 | 5.000%, 6/15/55 | 6/27 at 100.00 | BBB | 1,901,909 | ||
1,570 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School Income Projects, Series 2015A, 6.125%, 6/15/46, 144A | 6/25 at 100.00 | N/R | 1,760,143 | ||
Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School, Inc Projects, Series 2012A: | ||||||
345 | 5.500%, 6/15/22, 144A | No Opt. Call | N/R | 351,886 | ||
500 | 6.000%, 6/15/32, 144A | 6/22 at 100.00 | N/R | 518,880 | ||
1,100 | 6.125%, 6/15/43, 144A | 6/22 at 100.00 | N/R | 1,136,421 | ||
2,000 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School, Inc Projects, Series 2013A, 8.500%, 6/15/44 | 6/23 at 100.00 | N/R | 2,239,100 | ||
1,500 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School, Inc Projects, Series 2014A, 6.125%, 6/15/44 | 6/24 at 100.00 | N/R | 1,626,915 | ||
315 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School, Inc Projects, Series 2020C, 5.000%, 9/15/50, 144A | 9/27 at 100.00 | N/R | 343,939 | ||
83,000 | Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Brightline Passenger Rail Project, Green Series 2019B, 7.375%, 1/01/49, 144A (AMT) | 1/24 at 107.00 | N/R | 81,858,751 | ||
Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project , Series 2019A: | ||||||
37,800 | 6.375%, 1/01/49 (AMT) (Mandatory Put 1/01/26), 144A | 5/21 at 104.00 | N/R | 36,855,756 | ||
2,000 | 6.500%, 1/01/49 (AMT) (Mandatory Put 1/01/29), 144A | 5/21 at 104.00 | N/R | 1,931,500 | ||
Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Jacksonville University Project, Series 2018A-1: | ||||||
450 | 4.500%, 6/01/33, 144A | 6/28 at 100.00 | N/R | 524,093 | ||
1,450 | 4.750%, 6/01/38, 144A | 6/28 at 100.00 | N/R | 1,690,381 | ||
6,800 | Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Nova Southeastern University Project, Refunding Series 2012A, 5.000%, 4/01/27 (Pre-refunded 4/01/22) | 4/22 at 100.00 | A- (7) | 7,126,400 | ||
11,185 | Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Rollins College Project, Refunding Series 2020A, 3.000%, 12/01/48 (UB) (4) | 12/30 at 100.00 | A2 | 11,566,185 | ||
Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Rollins College Project, Series 2012A: | ||||||
1,210 | 5.000%, 12/01/30 (Pre-refunded 12/01/22) | 12/22 at 100.00 | A2 (7) | 1,306,776 | ||
1,000 | 5.000%, 12/01/31 (Pre-refunded 12/01/22) | 12/22 at 100.00 | A2 (7) | 1,079,980 | ||
3,000 | 5.000%, 12/01/37 (Pre-refunded 12/01/22) | 12/22 at 100.00 | A2 (7) | 3,239,940 | ||
840 | Grand Bay at Doral Community Development District, Miami-Dade County, Florida, Special Assessment Bonds, South Parcel Assessment Area Project, Series 2016, 5.000%, 5/01/46 | 5/26 at 100.00 | N/R | 887,267 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$ 3,130 | Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport, Senior Lien Series 2015A, 5.000%, 10/01/44 (AMT) | 10/24 at 100.00 | Aa3 | 3,547,446 | ||
Hillsborough County Industrial Development Authority, Florida, Hospital Revenue Bonds, Florida Health Sciences Center Inc D/B/A Tampa General Hospital, Series 2020A: | ||||||
2,000 | 4.000%, 8/01/45 | 2/31 at 100.00 | A | 2,254,120 | ||
4,985 | 4.000%, 8/01/50 | 2/31 at 100.00 | A | 5,567,098 | ||
10,000 | 3.500%, 8/01/55 (UB) (4) | 2/31 at 100.00 | A | 10,533,400 | ||
16,780 | 4.000%, 8/01/55 | 2/31 at 100.00 | A | 18,662,045 | ||
6,500 | Jacksonville, Florida, Health Care Facilities Revenue Bonds, Brooks Rehabilitation, Series 2020, 4.000%, 11/01/45 | 11/29 at 100.00 | A | 7,245,550 | ||
Jacksonville, Florida, Special Revenue Bonds, Refunding Series 2017A: | ||||||
6,285 | 5.250%, 10/01/42 | 10/27 at 100.00 | AA | 7,877,933 | ||
3,930 | 5.250%, 10/01/47 | 10/27 at 100.00 | AA | 4,903,579 | ||
595 | Lee County Industrial Development Authority, Florida, Charter School Revenue Bonds, Lee County Community Charter Schools, Series 2007A, 5.250%, 6/15/27 | 5/21 at 100.00 | BB- | 595,654 | ||
Lee County Industrial Development Authority, Florida, Charter School Revenue Bonds, Lee County Community Charter Schools, Series 2012A: | ||||||
875 | 5.500%, 6/15/32 | 6/22 at 100.00 | BB- | 890,715 | ||
1,375 | 5.750%, 6/15/42 | 6/22 at 100.00 | BB- | 1,396,257 | ||
6,875 | Martin County Health Facilities Authority, Florida, Hospital Revenue Bonds, Martin Memorial Medical Center, Series 2015, 5.000%, 11/15/45 (Pre-refunded 11/15/24) | 11/24 at 100.00 | N/R (7) | 8,018,381 | ||
6,340 | Miami Beach Redevelopment Agency, Florida, Tax Increment Revenue Bonds, City Center/Historic Convention Village, Series 2015A, 5.000%, 2/01/44 – AGM Insured | 2/24 at 100.00 | AA | 7,053,377 | ||
7,405 | Miami Beach, Florida, Stormwater Revenue Bonds, Refunding Series 2017, 5.000%, 9/01/47 | 9/22 at 100.00 | AA- | 7,838,118 | ||
860 | Miami-Dade County Health Facility Authority, Florida, Hospital Revenue Bonds, Nicklaus Children's Hospital, Refunding Series 2017, 5.000%, 8/01/36 | 8/27 at 100.00 | A+ | 1,029,067 | ||
12,195 | Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2015A, 5.000%, 10/01/38 (AMT) | 10/25 at 100.00 | A | 14,165,102 | ||
Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2020A: | ||||||
2,250 | 4.000%, 10/01/38 | 10/30 at 100.00 | A | 2,644,269 | ||
1,750 | 4.000%, 10/01/40 | 10/30 at 100.00 | A | 2,045,283 | ||
Miami-Dade County, Florida, General Obligation Bonds, Public Health Trust Program Series 2018A: | ||||||
6,990 | 5.000%, 7/01/46 | 7/29 at 100.00 | AA | 8,692,275 | ||
7,575 | 5.000%, 7/01/47 | 7/29 at 100.00 | AA | 9,410,650 | ||
22,160 | Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2013A, 5.000%, 10/01/42 (Pre-refunded 10/01/22) | 10/22 at 100.00 | AA- (7) | 23,775,021 | ||
7,500 | Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando Health, Inc, Series 2019A, 5.000%, 10/01/47 | 4/29 at 100.00 | A+ | 9,023,700 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
Orange County Health Facilities Authority, Florida, Revenue Bond, Mayflower Retirement Center, Refunding Series 2012: | ||||||
$ 550 | 4.500%, 6/01/27 | 6/21 at 100.00 | BB+ | 551,875 | ||
625 | 5.000%, 6/01/32 | 6/21 at 100.00 | BB+ | 627,081 | ||
750 | 5.000%, 6/01/36 | 6/21 at 100.00 | BB+ | 752,295 | ||
875 | 5.125%, 6/01/42 | 6/21 at 100.00 | BB+ | 877,511 | ||
325 | Osceola County, Florida, Transportation Revenue Bonds, Osceola Parkway, Refunding & Improvement Series 2019A-1, 5.000%, 10/01/49 | 10/29 at 100.00 | BBB+ | 395,424 | ||
Pinellas County Industrial Development Authority, Florida, Industrial Development Revenue Bonds, Drs Kiran & Pallavi Patel 2017 Foundation for Global Understanding, Inc, Project, Series 2019: | ||||||
615 | 5.000%, 7/01/29 | No Opt. Call | N/R | 700,559 | ||
180 | 5.000%, 7/01/39 | 7/29 at 100.00 | N/R | 211,406 | ||
5,095 | Putnam County Development Authority, Florida, Pollution Control Revenue Bonds, Seminole Electric Cooperatice, Inc Project, Refunding Series 2018B, 5.000%, 3/15/42 | 5/28 at 100.00 | A- | 6,111,860 | ||
1,006 | Riverbend West Community Development District, Hilsborough County, Florida, Special Assessment Bonds, Series 2016, 5.000%, 5/01/46 | 5/27 at 100.00 | N/R | 1,090,735 | ||
Seminole County Industrial Development Authority, Florida, Retirement Facility Revenue Bonds, Legacy Pointe At UCF Project, Series 2019A: | ||||||
5,000 | 5.250%, 11/15/39 | 11/26 at 103.00 | N/R | 4,832,600 | ||
1,015 | 5.500%, 11/15/49 | 11/26 at 103.00 | N/R | 971,284 | ||
South Miami Health Facilities Authority, Florida, Hospital Revenue Bonds, Baptist Health Systems of South Florida Obligated Group, Series 2017: | ||||||
5,000 | 5.000%, 8/15/31 | 8/27 at 100.00 | AA- | 6,120,500 | ||
3,655 | 5.000%, 8/15/47 | 8/27 at 100.00 | AA- | 4,328,288 | ||
500 | Sumter County Industrial Development Authority, Florida, Hospital Revenue Bonds, Central Florida Health Alliance Projects, Series 2014A, 5.000%, 7/01/29 | 1/24 at 100.00 | A- | 545,525 | ||
Tampa, Florida, Capital Improvement Cigarette Tax Allocation Bonds, H Lee Moffitt Cancer Center Project, Series 2020A: | ||||||
13,442 | 0.000%, 9/01/45 | 9/30 at 54.56 | A+ | 5,624,402 | ||
12,785 | 0.000%, 9/01/49 | 9/30 at 46.08 | A+ | 4,489,197 | ||
14,572 | 0.000%, 9/01/53 | 9/30 at 38.62 | A+ | 4,267,119 | ||
35 | Tampa, Florida, Health System Revenue Bonds, Baycare Health System, Series 2012A, 5.000%, 11/15/33 | 5/22 at 100.00 | Aa2 | 36,722 | ||
Tampa, Florida, Revenue Bonds, H Lee Moffitt Cancer Center and Research Institute, Series 2020B: | ||||||
440 | 4.000%, 7/01/38 | 7/30 at 100.00 | A2 | 506,004 | ||
445 | 4.000%, 7/01/45 | 7/30 at 100.00 | A2 | 502,134 | ||
12,685 | Tampa-Hillsborough County Expressway Authority, Florida, Revenue Bonds, Refunding Series 2017B, 4.000%, 7/01/42 | 7/28 at 100.00 | A+ | 14,310,710 | ||
210 | Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible, Capital Appreciation, Series 2012A-4, 0.000%, 5/01/40 (5) | 5/22 at 100.00 | N/R | 179,128 | ||
170 | Tolomato Community Development District, Florida, Special Assessment Bonds, Hope Note, Series 2007-3, 6.650%, 5/01/40 (8) | 5/21 at 100.00 | N/R | 2 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$ 475 | Tolomato Community Development District, Florida, Special Assessment Bonds, Hope Note, Series 2007A-2, 5.250%, 5/01/39 (8) | 5/21 at 100.00 | N/R | 5 | ||
435 | Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-1, 0.000%, 5/01/40 (5) | 5/21 at 100.00 | N/R | 414,246 | ||
270 | Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-2, 0.000%, 5/01/40 (5) | 5/21 at 100.00 | N/R | 200,067 | ||
290 | Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-3, 6.610%, 5/01/40 (8) | 5/21 at 100.00 | N/R | 3 | ||
250 | Venetian Community Development District, Sarasota County, Florida, Capital Improvement Revenue Bonds, Series 2012-A1, 6.125%, 5/01/42 | 5/22 at 100.00 | N/R | 258,210 | ||
1,490 | Venetian Community Development District, Sarasota County, Florida, Capital Improvement Revenue Bonds, Series 2012-A2, 5.500%, 5/01/34 | 5/22 at 100.00 | N/R | 1,528,472 | ||
Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Embry-Riddle Aeronautical University, Refunding Series 2017: | ||||||
2,380 | 5.000%, 10/15/42 | 10/27 at 100.00 | A+ | 2,824,132 | ||
3,000 | 5.000%, 10/15/47 | 10/27 at 100.00 | A+ | 3,535,680 | ||
13,000 | Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Stetson University Inc Project, Series 2015, 5.000%, 6/01/40 | 6/25 at 100.00 | A- | 14,684,540 | ||
Wynnmere East Community Development District, Hillsborough County, Florida, Special Assessment Revenue Bonds, Series 2016: | ||||||
470 | 5.125%, 5/01/36 | 5/28 at 100.00 | N/R | 515,717 | ||
930 | 5.500%, 5/01/46 | 5/28 at 100.00 | N/R | 1,033,621 | ||
525,515 | Total Florida | 526,614,400 | ||||
Georgia – 0.5% | ||||||
Atlanta Development Authority, Georgia, Senior Health Care Facilities Revenue Bonds, Georgia Proton Treatment Center Project, Current Interest Series 2017A-1: | ||||||
2,500 | 6.750%, 1/01/35 | 1/28 at 100.00 | N/R | 1,594,175 | ||
1,000 | 7.000%, 1/01/40 | 1/28 at 100.00 | N/R | 638,110 | ||
3,000 | Atlanta Development Authority, Georgia, Student Housing Facilities Revenue Bonds, ADA/CAU Partners, Inc Project at Clark Atlanta University, Series 2004A, 6.000%, 7/01/36 – ACA Insured | 5/21 at 100.00 | N/R | 3,005,430 | ||
2,000 | Atlanta, Georgia, Airport Passenger Facilities Charge and General Revenue Bonds, Subordinate Lien Series 2019D, 4.000%, 7/01/40 (AMT) | 7/29 at 100.00 | Aa3 | 2,268,940 | ||
Georgia Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project M Bonds, Series 2019A: | ||||||
1,250 | 5.000%, 1/01/35 | 7/28 at 100.00 | A | 1,526,487 | ||
700 | 5.000%, 1/01/36 | 7/28 at 100.00 | A | 852,530 | ||
770 | Georgia Municipal Electric Authority, Senior Lien General Power Revenue Bonds, Series 1993BB, 5.250%, 1/01/25 – NPFG Insured | No Opt. Call | A1 | 850,727 | ||
Main Street Natural Gas Inc, Georgia, Gas Project Revenue Bonds, Series 2007A: | ||||||
960 | 5.000%, 3/15/22 | No Opt. Call | A+ | 1,001,145 | ||
1,000 | 5.500%, 9/15/28 | No Opt. Call | A+ | 1,284,190 | ||
5,000 | Municipal Electric Authority of Georgia, Project One Revenue Bonds, Subordinate Lien Series 2016A, 5.000%, 1/01/28 | 7/26 at 100.00 | A2 | 6,008,550 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Georgia (continued) | ||||||
Private Colleges and Universities Authority, Georgia, Revenue Bonds, Emory University, Series 2020B: | ||||||
$ 1,000 | 4.000%, 9/01/38 | 9/30 at 100.00 | AA | 1,201,690 | ||
2,000 | 4.000%, 9/01/39 | 9/30 at 100.00 | AA | 2,396,580 | ||
2,000 | 4.000%, 9/01/40 | 9/30 at 100.00 | AA | 2,390,140 | ||
1,590 | Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University, Series 2012A, 5.250%, 10/01/27 | 10/21 at 100.00 | Baa1 | 1,621,514 | ||
13,120 | Private Colleges and Universities Authority, Georgia, Revenue Bonds, Savannah College of Art & Design Projects, Series 2014, 5.000%, 4/01/44 | 4/24 at 100.00 | A+ | 14,320,349 | ||
37,890 | Total Georgia | 40,960,557 | ||||
Guam – 0.1% | ||||||
1,020 | Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.000%, 1/01/31 | 1/22 at 100.00 | BB | 1,050,885 | ||
1,475 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2020A, 5.000%, 1/01/50 | 7/30 at 100.00 | A- | 1,776,800 | ||
1,610 | Guam International Airport Authority, Revenue Bonds, Series 2013C, 6.375%, 10/01/43 (AMT) | 10/23 at 100.00 | Baa2 | 1,728,013 | ||
4,105 | Total Guam | 4,555,698 | ||||
Hawaii – 0.1% | ||||||
1,500 | Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific Health Obligated Group, Series 2013A, 5.500%, 7/01/43 | 7/23 at 100.00 | AA- | 1,655,910 | ||
1,000 | Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific University, Series 2013A, 6.875%, 7/01/43 | 7/23 at 100.00 | BB | 1,083,690 | ||
4,545 | Hawaii State, Airport System Revenue Bonds, Series 2015A, 5.000%, 7/01/45 (AMT) | 7/25 at 100.00 | A+ | 5,207,797 | ||
7,045 | Total Hawaii | 7,947,397 | ||||
Idaho – 0.1% | ||||||
Idaho Health Facilities Authority, Revenue Bonds, Madison Memorial Hospital Project, Refunding Series 2016: | ||||||
2,300 | 3.500%, 9/01/33 | 9/26 at 100.00 | BB+ | 2,389,608 | ||
205 | 5.000%, 9/01/37 | 9/26 at 100.00 | BB+ | 227,099 | ||
Idaho Health Facilities Authority, Revenue Bonds, Saint Luke's Health System Project, Series 2018A: | ||||||
2,435 | 5.000%, 3/01/36 | 9/28 at 100.00 | A- | 2,947,373 | ||
2,250 | 5.000%, 3/01/37 | 9/28 at 100.00 | A- | 2,713,410 | ||
2,000 | Idaho Housing and Finance Association, Nonprofit Facilities Revenue Bonds, Idaho Arts Charter School, Inc Project, Refunding Series 2016A, 5.000%, 12/01/38 | 12/26 at 100.00 | BBB- | 2,206,220 | ||
9,190 | Total Idaho | 10,483,710 | ||||
Illinois – 7.6% | ||||||
1,330 | Adams County School District 172, Quincy, Illinois, General Obligation Bonds, School Series 2017, 5.000%, 2/01/36 – AGM Insured | 2/27 at 100.00 | AA | 1,594,963 | ||
Bensenville, Illinois, General Obligation Bonds, Series 2011A: | ||||||
1,295 | 5.000%, 12/15/30 – AGM Insured (Pre-refunded 12/15/21) | 12/21 at 100.00 | AA (7) | 1,338,292 | ||
705 | 5.000%, 12/15/30 – AGM Insured (Pre-refunded 12/15/21) | 12/21 at 100.00 | AA (7) | 729,069 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
$ 1,275 | Champaign, Illinois, General Obligation Sales Tax Bonds, Public Safety Series 1999, 8.250%, 1/01/22 – FGIC Insured | No Opt. Call | Baa2 | 1,346,081 | ||
67,800 | Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2016, 6.000%, 4/01/46 | 4/27 at 100.00 | A- | 81,048,121 | ||
625 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues Series 2012A, 5.000%, 12/01/42 | 12/22 at 100.00 | BB | 648,200 | ||
1,215 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Project Series 2015C, 5.250%, 12/01/39 | 12/24 at 100.00 | BB | 1,337,095 | ||
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2012B: | ||||||
4,540 | 5.000%, 12/01/34 | 12/22 at 100.00 | BB | 4,763,867 | ||
3,000 | 4.000%, 12/01/35 | 12/22 at 100.00 | BB | 3,097,200 | ||
2,000 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017G, 5.000%, 12/01/34 | 12/27 at 100.00 | BB | 2,339,120 | ||
35,090 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2016A, 7.000%, 12/01/44 | 12/25 at 100.00 | BB | 42,130,458 | ||
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2021A: | ||||||
4,000 | 5.000%, 12/01/35 | 12/30 at 100.00 | BB | 4,889,816 | ||
2,000 | 5.000%, 12/01/41 | 12/30 at 100.00 | BB | 2,413,166 | ||
3,475 | Chicago Greater Metropolitan Water Reclamation District, Illinois, General Obligation Bonds, Refunding Series 2007B, 5.250%, 12/01/35 | No Opt. Call | Aaa | 5,005,320 | ||
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Second Lien Series 2020A: | ||||||
1,250 | 5.000%, 12/01/45 (UB) (4) | 12/29 at 100.00 | A+ | 1,524,887 | ||
2,220 | 4.000%, 12/01/50 (UB) (4) | 12/29 at 100.00 | A+ | 2,471,171 | ||
1,815 | 5.000%, 12/01/55 (UB) (4) | 12/29 at 100.00 | A+ | 2,207,766 | ||
2,100 | Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2011, 5.250%, 12/01/40 (Pre-refunded 12/01/21) | 12/21 at 100.00 | AA (7) | 2,171,127 | ||
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2014: | ||||||
5,000 | 5.250%, 12/01/49 | 12/24 at 100.00 | AA | 5,804,300 | ||
12,500 | 5.250%, 12/01/49 (UB) (4) | 12/24 at 100.00 | AA | 14,510,750 | ||
1,270 | Chicago, Illinois, Certificates of Participation Tax Increment Bonds, River Point Plaza Redevelopment Project, Series 2018, 4.835%, 4/15/28, 144A | 1/23 at 100.00 | N/R | 1,316,825 | ||
7,000 | Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Refunding Senior Lien Series 2012B, 5.000%, 1/01/31 (Pre-refunded 1/01/22) (AMT) | 1/22 at 100.00 | A (7) | 7,243,670 | ||
Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Refunding Senior Lien Series 2020A: | ||||||
2,390 | 4.000%, 1/01/35 | 1/30 at 100.00 | A | 2,797,591 | ||
5,000 | 4.000%, 1/01/36 | 1/30 at 100.00 | A | 5,833,700 | ||
3,000 | 4.000%, 1/01/38 | 1/30 at 100.00 | A | 3,476,910 | ||
3,180 | Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Senior Lien Series 2015C, 5.000%, 1/01/46 (AMT) | 1/25 at 100.00 | A | 3,595,531 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
$ 900 | Chicago, Illinois, General Obligation Bonds, Project & Refunding Series 2014A, 5.000%, 1/01/35 | 1/24 at 100.00 | BBB+ | 969,687 | ||
8,805 | Chicago, Illinois, General Obligation Bonds, Project & Refunding Series 2017A, 6.000%, 1/01/38 | 1/27 at 100.00 | BBB+ | 10,599,283 | ||
920 | Chicago, Illinois, General Obligation Bonds, Project and Refunding Series 2003B, 5.500%, 1/01/33 | 1/25 at 100.00 | BBB+ | 1,034,338 | ||
13,760 | Chicago, Illinois, General Obligation Bonds, Project and Refunding Series 2005D, 5.500%, 1/01/40 | 1/25 at 100.00 | BBB+ | 15,317,082 | ||
Chicago, Illinois, General Obligation Bonds, Project Series 2011A: | ||||||
400 | 5.250%, 1/01/35 | 5/21 at 100.00 | BBB+ | 400,824 | ||
5,660 | 5.000%, 1/01/40 | 5/21 at 100.00 | BBB+ | 5,669,905 | ||
1,000 | Chicago, Illinois, General Obligation Bonds, Project Series 2012A, 5.000%, 1/01/33 | 1/22 at 100.00 | BBB+ | 1,022,320 | ||
7,545 | Chicago, Illinois, General Obligation Bonds, Refunding Series 2007E, 5.500%, 1/01/42 | 1/25 at 100.00 | BBB+ | 8,376,836 | ||
1,320 | Chicago, Illinois, General Obligation Bonds, Refunding Series 2012C, 5.000%, 1/01/25 | 1/22 at 100.00 | BBB+ | 1,356,564 | ||
Chicago, Illinois, General Obligation Bonds, Refunding Series 2016C: | ||||||
2,260 | 5.000%, 1/01/24 | No Opt. Call | BBB+ | 2,486,949 | ||
935 | 5.000%, 1/01/25 | No Opt. Call | BBB+ | 1,057,279 | ||
2,500 | 5.000%, 1/01/29 | 1/26 at 100.00 | BBB+ | 2,851,125 | ||
705 | 5.000%, 1/01/35 | 1/26 at 100.00 | BBB+ | 793,322 | ||
2,175 | 5.000%, 1/01/38 | 1/26 at 100.00 | BBB+ | 2,433,803 | ||
Chicago, Illinois, General Obligation Bonds, Refunding Series 2020A: | ||||||
50 | 5.000%, 1/01/27 | No Opt. Call | BBB+ | 59,079 | ||
6,000 | 5.000%, 1/01/30 | No Opt. Call | BBB+ | 7,409,340 | ||
2,200 | Chicago, Illinois, General Obligation Bonds, Series 2015A, 5.500%, 1/01/39 | 1/25 at 100.00 | BBB+ | 2,451,548 | ||
715 | Chicago, Illinois, General Obligation Bonds, VAribale Rate Demand Series 2007F, 5.500%, 1/01/42 | 1/25 at 100.00 | BBB+ | 793,829 | ||
3,000 | Chicago, Illinois, Midway Airport Revenue Bonds, Refunding Second Lien Series 2014A, 5.000%, 1/01/31 (AMT) | 1/24 at 100.00 | A | 3,326,910 | ||
7,595 | DuPage County, Illinois, Revenue Bonds, Morton Arboretum Project, Green Series 2020, 3.000%, 5/15/47 | 5/30 at 100.00 | A1 | 7,650,595 | ||
5,000 | Illinois Finance Authority Revenue Bonds, OSF Healthcare System, Refunding Series 2018A, 4.125%, 5/15/47 | 11/28 at 100.00 | A | 5,630,800 | ||
1,400 | Illinois Finance Authority, Charter School Revenue Bonds, Uno Charter School Network, Refunding and Improvement Series 2011A, 7.125%, 10/01/41 | 10/21 at 100.00 | BB+ | 1,427,188 | ||
Illinois Finance Authority, Health Services Facility Lease Revenue Bonds, Provident Group - UIC Surgery Center, LLC - University of Illinois Health Services Facility Project, Series 2020: | ||||||
2,450 | 4.000%, 10/01/40 | 10/30 at 100.00 | BBB+ | 2,768,549 | ||
3,140 | 4.000%, 10/01/50 | 10/30 at 100.00 | BBB+ | 3,484,144 | ||
1,450 | 4.000%, 10/01/55 | 10/30 at 100.00 | BBB+ | 1,601,220 | ||
2,195 | Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2014A, 5.000%, 9/01/34 | 9/24 at 100.00 | AA+ | 2,473,172 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
$ 1,200 | Illinois Finance Authority, Revenue Bonds, Christian Homes Inc, Refunding Series 2010, 6.125%, 5/15/27 | 5/21 at 100.00 | BBB- | 1,203,180 | ||
3,895 | Illinois Finance Authority, Revenue Bonds, Ingalls Health System, Series 2013, 4.250%, 5/15/43 (Pre-refunded 5/15/22) | 5/22 at 100.00 | A1 (7) | 4,063,264 | ||
10,810 | Illinois Finance Authority, Revenue Bonds, Mercy Health Corporation, Series 2016, 5.000%, 12/01/40 | 6/26 at 100.00 | A3 | 12,814,606 | ||
Illinois Finance Authority, Revenue Bonds, Northshore University HealthSystem, Series 2020A: | ||||||
1,645 | 5.000%, 8/15/32 (4) | 8/30 at 100.00 | AA- | 2,139,059 | ||
1,250 | 5.000%, 8/15/33 | 8/30 at 100.00 | AA- | 1,618,425 | ||
9,780 | 3.250%, 8/15/49 (UB) (4) | 8/30 at 100.00 | AA- | 10,305,382 | ||
10,715 | Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2015A, 5.000%, 11/15/45 | 11/25 at 100.00 | A | 12,360,610 | ||
10,000 | Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2020A, 3.000%, 5/15/50 (UB) (4) | 11/30 at 100.00 | A | 10,125,200 | ||
1,545 | Illinois Finance Authority, Revenue Bonds, Palos Community Hospital, Series 2010C, 5.125%, 5/15/35 | 5/21 at 100.00 | AA+ | 1,549,233 | ||
895 | Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series 2013A, 5.500%, 7/01/28 | 7/23 at 100.00 | A- | 967,316 | ||
20 | Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group, Series 2015A, 4.000%, 11/15/39 | 5/25 at 100.00 | AA- | 21,452 | ||
1,105 | Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Refunding Series 2015C, 5.000%, 8/15/35 | 8/25 at 100.00 | A3 | 1,252,131 | ||
4,000 | Illinois Finance Authority, Revenue Bonds, The Carle Foundation, Series 2011A, 6.000%, 8/15/41 | 8/21 at 100.00 | AA- | 4,067,440 | ||
19,569 | Illinois Housing Development Authority, Housing Revenue Bonds, MBS Pass Through Program, Series 2017A, 3.125%, 2/01/47 | 3/26 at 100.00 | Aaa | 21,080,630 | ||
4,000 | Illinois Housing Development Authority, Multifamily Housing Revenue Bonds, GNMA Collateralized - Lifelink Developments, Series 2006, 4.850%, 4/20/41 (AMT) (UB) (4) | 4/21 at 100.00 | AA+ | 4,006,680 | ||
7,335 | Illinois Sports Facility Authority, State Tax Supported Bonds, Refunding Series 2014, 5.250%, 6/15/31 – AGM Insured | 6/24 at 100.00 | AA | 8,177,278 | ||
Illinois State, General Obligation Bonds, December Series 2017A: | ||||||
5,000 | 5.000%, 12/01/24 | No Opt. Call | BBB- | 5,692,400 | ||
1,560 | 5.000%, 12/01/32 | 12/27 at 100.00 | BBB- | 1,827,821 | ||
3,725 | Illinois State, General Obligation Bonds, June Series 2016, 4.000%, 6/01/36 | 6/26 at 100.00 | BBB- | 3,975,002 | ||
7,985 | Illinois State, General Obligation Bonds, March Series 2012, 5.000%, 3/01/31 | 3/22 at 100.00 | BBB- | 8,216,565 | ||
Illinois State, General Obligation Bonds, March Series 2021A: | ||||||
2,250 | 4.000%, 3/01/38 | 3/31 at 100.00 | BBB- | 2,494,438 | ||
1,300 | 4.000%, 3/01/40 | 3/31 at 100.00 | BBB- | 1,432,925 | ||
11,065 | Illinois State, General Obligation Bonds, May Series 2020, 5.750%, 5/01/45 | 5/30 at 100.00 | BBB- | 13,774,265 | ||
Illinois State, General Obligation Bonds, November Series 2017D: | ||||||
11,625 | 5.000%, 11/01/27 | No Opt. Call | BBB- | 13,857,349 | ||
3,000 | 5.000%, 11/01/28 | 11/27 at 100.00 | BBB- | 3,541,500 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Illinois State, General Obligation Bonds, Refunding September Series 2018A: | ||||||
$ 2,000 | 5.000%, 10/01/28 | No Opt. Call | BBB- | 2,429,140 | ||
3,500 | 5.000%, 10/01/33 | 10/28 at 100.00 | BBB- | 4,128,880 | ||
500 | Illinois State, General Obligation Bonds, Series 2012A, 5.000%, 3/01/27 | 3/22 at 100.00 | BBB- | 516,725 | ||
1,440 | Illinois State, General Obligation Bonds, Series 2013, 5.250%, 7/01/28 | 7/23 at 100.00 | BBB- | 1,556,150 | ||
5,000 | Illinois State, Sales Tax Revenue Bonds, Build Illinois Series 2011, 5.000%, 6/15/28 | 6/21 at 100.00 | BBB+ | 5,033,950 | ||
12,500 | Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2020A, 5.000%, 1/01/45 | 1/31 at 100.00 | AA- | 15,545,054 | ||
875 | Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2012A, 5.000%, 6/15/42 – NPFG Insured | 6/22 at 100.00 | BBB | 908,548 | ||
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2012B: | ||||||
1,280 | 5.000%, 6/15/23 | 6/22 at 100.00 | BBB | 1,343,923 | ||
10,180 | 5.000%, 6/15/52 | 6/22 at 100.00 | BBB | 10,527,342 | ||
5,400 | Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2015B, 5.000%, 6/15/52 | 12/25 at 100.00 | BBB | 6,082,182 | ||
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2020A: | ||||||
5,000 | 4.000%, 6/15/50 – BAM Insured | 12/29 at 100.00 | AA | 5,591,050 | ||
7,000 | 5.000%, 6/15/50 | 12/29 at 100.00 | BBB | 8,341,690 | ||
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Series 2015A: | ||||||
2,500 | 0.000%, 12/15/52 – BAM Insured | No Opt. Call | AA | 926,600 | ||
1,225 | 5.000%, 6/15/53 | 12/25 at 100.00 | BBB | 1,379,179 | ||
8,025 | Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Refunding Series 1996A, 0.000%, 12/15/21 – NPFG Insured | No Opt. Call | Baa2 | 7,984,634 | ||
Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A: | ||||||
10,000 | 0.000%, 12/15/35 – AGM Insured | No Opt. Call | AA | 7,006,000 | ||
22,500 | 0.000%, 12/15/37 – NPFG Insured | No Opt. Call | BBB | 13,854,825 | ||
1,841 | Plano, Illinois, Special Tax Bonds, Special Service Area 1 & 2 Lakewood Springs Project, Refunding Series 2014, 5.000%, 3/01/34 – AGM Insured | 3/24 at 100.00 | AA | 2,020,203 | ||
845 | Quad Cities Regional Economic Development Authority, Illinois, Revenue Bonds, Augustana College, Series 2012, 4.750%, 10/01/29 | 10/22 at 100.00 | Baa1 | 879,662 | ||
3,890 | Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series 2010, 5.250%, 6/01/21 | No Opt. Call | A | 3,919,642 | ||
4,450 | Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, Illinois, General Obligation Bonds, Series 2001A, 6.000%, 7/01/27 – FGIC Insured | No Opt. Call | AA+ | 5,394,779 | ||
3,000 | Sales Tax Securitization Corporation, Illinois, Sales Tax Securitzation Bonds, Second Lien Series 2020A, 5.000%, 1/01/30 | No Opt. Call | AA- | 3,817,020 | ||
1,000 | Sales Tax Securitization Corporation, Illinois, Sales Tax Securitzation Bonds, Series 2018A, 5.000%, 1/01/36 | 1/28 at 100.00 | AA- | 1,191,830 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Springfield, Illinois, Electric Revenue Bonds, Refunding Senior Lien Series 2015: | ||||||
$ 15,530 | 4.000%, 3/01/40 – AGM Insured | 3/25 at 100.00 | AA | 16,526,249 | ||
3,485 | 5.000%, 3/01/40 – AGM Insured | 3/25 at 100.00 | AA | 3,992,451 | ||
5,000 | University of Illinois, Auxiliary Facilities System Revenue Bonds, Series 2013A, 4.000%, 4/01/32 | 4/23 at 100.00 | A1 | 5,282,050 | ||
7,405 | University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013, 6.000%, 10/01/42 | 10/23 at 100.00 | A- | 8,271,879 | ||
539,800 | Total Illinois | 594,096,475 | ||||
Indiana – 1.8% | ||||||
2,000 | 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 | 2,078,720 | ||
6,495 | IIndiana Finance Authority, Hospital Revenue Bonds, Parkview Health, Series 2018A, 5.000%, 11/01/43 | 11/28 at 100.00 | AA- | 7,849,597 | ||
825 | Indiana Finance Authority, Educational Facilities Revenue Bonds, Circle City Preparatory Inc Project, Series 2021A, 5.000%, 12/01/40 | 12/27 at 103.00 | N/R | 861,571 | ||
Indiana Finance Authority, Educational Facilities Revenue Bonds, Lighthouse Academies of Northwest Indiana Inc Project, Series 2016: | ||||||
3,710 | 7.000%, 12/01/34, 144A | 12/24 at 100.00 | N/R | 3,904,181 | ||
6,075 | 7.250%, 12/01/44, 144A | 12/24 at 100.00 | N/R | 6,370,913 | ||
5,000 | Indiana Finance Authority, Educational Facilities Revenue Bonds, Rose Hulman Institute Of Technology Project, Series 2018, 4.000%, 6/01/44 | 12/28 at 100.00 | A2 | 5,595,000 | ||
3,600 | Indiana Finance Authority, Educational Facilities Revenue Bonds, Rose Hulman Institute Of Technology Project, Series 2020A, 4.000%, 6/01/50 | 6/30 at 100.00 | A2 | 4,070,700 | ||
1,640 | Indiana Finance Authority, Educational Facilities Revenue Bonds, Valparaiso University Project, Series 2014, 5.000%, 10/01/39 | 10/24 at 100.00 | Baa1 | 1,770,970 | ||
2,830 | Indiana Finance Authority, Educational Facilities Revenue Bonds, Victory College Prep Project, Series 2021A, 4.500%, 12/01/55, 144A | 12/27 at 103.00 | N/R | 2,843,066 | ||
640 | Indiana Finance Authority, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Refunding Series 2021A, 4.125%, 12/01/26 | No Opt. Call | B- | 674,621 | ||
3,000 | Indiana Finance Authority, Hospital Revenue Bonds, Marion General Hospital Project, Series 2012A, 5.000%, 7/01/36 | 7/21 at 100.00 | A | 3,026,310 | ||
Indiana Finance Authority, Provate Activity Bonds, Ohio River Bridges East End Crossing Project, Series 2013A: | ||||||
9,215 | 5.000%, 7/01/48 (AMT) | 7/23 at 100.00 | A- | 9,934,692 | ||
6,250 | 5.250%, 1/01/51 (AMT) | 7/23 at 100.00 | A- | 6,773,125 | ||
15,205 | Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, First Lien Green Series 2016A, 5.000%, 10/01/46 | 10/26 at 100.00 | AA | 18,105,810 | ||
8,000 | Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2014A, 5.000%, 10/01/40 | 10/24 at 100.00 | AA | 9,119,440 | ||
2,200 | Indiana Health and Educational Facilities Financing Authority, Revenue Bonds, Ascension Health, Series 2006B-7, 5.000%, 11/15/46 | 11/26 at 100.00 | AA+ | 2,641,606 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Indiana (continued) | ||||||
Indianapolis Local Public Improvement Bond Bank, Indiana, Community Justice Campus Bonds, Courthouse & Jail Project, Series 2019A: | ||||||
$ 6,490 | 5.000%, 2/01/44 | 2/29 at 100.00 | AAA | 8,076,870 | ||
23,520 | 5.000%, 2/01/49 | 2/29 at 100.00 | AAA | 29,024,386 | ||
Knox County, Indiana, Economic Development Revenue and Refunding Bonds, Good Samaritan Hospital Project, Series 2012A: | ||||||
1,530 | 5.000%, 4/01/26 | 4/22 at 100.00 | Baa3 | 1,588,936 | ||
1,400 | 5.000%, 4/01/27 | 4/22 at 100.00 | Baa3 | 1,452,206 | ||
1,560 | 5.000%, 4/01/29 | 4/22 at 100.00 | Baa3 | 1,617,158 | ||
Valparaiso, Indiana, Exempt Faciltiies Revenue Bonds, Pratt Paper LLC Project, Series 2013: | ||||||
210 | 5.875%, 1/01/24 (AMT) | No Opt. Call | N/R | 224,981 | ||
9,185 | 7.000%, 1/01/44 (AMT) | 1/24 at 100.00 | N/R | 10,292,803 | ||
5,000 | Vigo County Hospital Authority, Indiana, Hospital Revenue Bonds, Union Hospital, Inc, Series 2011, 8.000%, 9/01/41 (Pre-refunded 9/01/21) | 9/21 at 100.00 | N/R (7) | 5,156,950 | ||
125,580 | Total Indiana | 143,054,612 | ||||
Iowa – 0.3% | ||||||
4,000 | Iowa Finance Authority, Health Facilities Revenue Bonds, UnityPoint Health, Series 2016E, 4.000%, 8/15/46 | 2/26 at 100.00 | AA- | 4,290,560 | ||
2,000 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Alcoa Inc Project, Series 2012, 4.750%, 8/01/42 | 8/22 at 100.00 | BBB- | 2,067,900 | ||
1,990 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Refunding Series 2019, 3.125%, 12/01/22 | 4/21 at 103.00 | BB- | 2,028,188 | ||
10,375 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2013, 5.250%, 12/01/25 | 12/23 at 100.00 | BB- | 11,369,651 | ||
3,920 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2018A, 5.250%, 12/01/50 (Mandatory Put 12/01/33) | 12/22 at 103.00 | BB- | 4,263,863 | ||
2,045 | Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C, 5.625%, 6/01/46 | 5/21 at 100.00 | B- | 2,072,955 | ||
24,330 | Total Iowa | 26,093,117 | ||||
Kansas – 0.1% | ||||||
Hutchinson, Kansas, Hospital Facilities Revenue Bonds, Hutchinson Regional Medical Center, Inc, Series 2016: | ||||||
1,500 | 5.000%, 12/01/36 | 12/26 at 100.00 | Ba1 | 1,654,740 | ||
1,320 | 5.000%, 12/01/41 | 12/26 at 100.00 | Ba1 | 1,435,434 | ||
Overland Park Development Corporation, Kansas, Revenue Bonds, Convention Center Hotel, Refunding & improvement Series 2019: | ||||||
1,500 | 5.000%, 3/01/44 | 3/29 at 100.00 | BB- | 1,528,650 | ||
3,500 | 5.000%, 3/01/49 | 3/29 at 100.00 | BB- | 3,556,350 | ||
680 | Overland Park Transportation Development District, Kansas, Sales Tax Revenue Bonds, Oak Park Mall Project, Series 2010, 5.900%, 4/01/32 | 5/21 at 100.00 | BBB | 680,218 | ||
8,500 | Total Kansas | 8,855,392 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Kentucky – 1.2% | ||||||
$ 230 | Ashland, Kentucky, Medical Center Revenue Bonds, Ashland Hospital Corporation d/b/a King's Daughters Medical Center Project, Refunding Series 2019, 4.000%, 2/01/35 | 2/30 at 100.00 | BBB- | 250,169 | ||
Kentucky Bond Development Corporation, Transient Room Tax Revenue Bonds, Lexington Center Corporation Project, Series 2018A: | ||||||
2,545 | 5.000%, 9/01/43 | 9/28 at 100.00 | A2 | 3,025,547 | ||
2,600 | 5.000%, 9/01/48 | 9/28 at 100.00 | A2 | 3,061,084 | ||
6,345 | Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Baptist Healthcare System Obligated Group, Series 2011, 5.000%, 8/15/42 (Pre-refunded 8/15/21) | 8/21 at 100.00 | N/R (7) | 6,455,276 | ||
6,565 | Kentucky Economic Development Finance Authority, Louisville Arena Project Revenue Bonds, Louisville Arena Authority, Inc, Series 2017A, 5.000%, 12/01/45 – AGM Insured (UB) (4) | 12/27 at 100.00 | AA | 7,942,928 | ||
Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky Information Highway Project, Senior Series 2015A: | ||||||
2,745 | 5.000%, 7/01/27 | 7/25 at 100.00 | BBB+ | 3,173,220 | ||
2,100 | 5.000%, 7/01/33 | 7/25 at 100.00 | BBB+ | 2,359,896 | ||
5,655 | 5.000%, 7/01/37 | 7/25 at 100.00 | BBB+ | 6,301,932 | ||
2,175 | 5.000%, 1/01/45 | 7/25 at 100.00 | BBB+ | 2,398,916 | ||
Kentucky Municipal Power Agency, Power System Revenue Bonds, Prairie State Project, Refunding Series 2020A Forward Delivery: | ||||||
1,000 | 5.000%, 9/01/34 | 9/29 at 100.00 | Baa1 | 1,242,910 | ||
725 | 5.000%, 9/01/35 | 9/29 at 100.00 | Baa1 | 897,398 | ||
Kentucky State Property and Buildings Commission, Revenue Bonds, Project 119, Series 2018: | ||||||
2,000 | 5.000%, 5/01/35 | 5/28 at 100.00 | A1 | 2,453,440 | ||
2,500 | 5.000%, 5/01/36 | 5/28 at 100.00 | A1 | 3,057,975 | ||
4,000 | 5.000%, 5/01/37 | 5/28 at 100.00 | A1 | 4,878,560 | ||
Kentucky State Property and Buildings Commission, Revenue Bonds, Project 122, Series 2019A: | ||||||
1,000 | 4.000%, 11/01/35 | 11/28 at 100.00 | A1 | 1,150,460 | ||
1,250 | 4.000%, 11/01/36 | 11/28 at 100.00 | A1 | 1,434,475 | ||
3,000 | Louisville and Jefferson County Metropolitan Sewer District, Kentucky, Sewer and Drainage System Revenue Bonds, Series 2016A, 3.000%, 5/15/35 | 11/25 at 100.00 | AA | 3,190,260 | ||
Louisville/Jefferson County Metro Government, Kentucky, Health System Revenue Bonds, Norton Healthcare Inc, Series 2016A: | ||||||
5,735 | 5.000%, 10/01/31 | 10/26 at 100.00 | A+ | 6,884,982 | ||
2,785 | 4.000%, 10/01/35 | 10/26 at 100.00 | A+ | 3,079,820 | ||
5,415 | Louisville/Jefferson County Metro Government, Kentucky, Health System Revenue Bonds, Norton Healthcare, Inc, Series 2020A, 3.000%, 10/01/43 | 10/29 at 100.00 | A+ | 5,615,355 | ||
12,750 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018A, 4.000%, 4/01/48 (Mandatory Put 4/01/24) | 1/24 at 100.37 | A2 | 13,978,590 | ||
8,000 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018C-2, 1.377%, 12/01/49 (Mandatory Put 6/01/25) (1-Month LIBOR *67% reference rate + 1.300%spread) (6) | 3/25 at 100.00 | A1 | 8,183,440 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Kentucky (continued) | ||||||
$ 1,635 | Trimble County, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2001B, 2.550%, 11/01/27 (Mandatory Put 5/03/21) (AMT) | No Opt. Call | A1 | 1,637,877 | ||
82,755 | Total Kentucky | 92,654,510 | ||||
Louisiana – 1.8% | ||||||
Calcasieu Parish Memorial Hospital Service District, Louisiana, Revenue Bonds, Lake Charles Memorial Hospital, Refunding Series 2019: | ||||||
2,770 | 5.000%, 12/01/25 | No Opt. Call | BB+ | 3,044,230 | ||
1,455 | 5.000%, 12/01/26 | No Opt. Call | BB+ | 1,618,527 | ||
1,525 | 5.000%, 12/01/27 | No Opt. Call | BB+ | 1,711,309 | ||
1,605 | 5.000%, 12/01/28 | No Opt. Call | BB+ | 1,811,901 | ||
2,930 | 5.000%, 12/01/29 | No Opt. Call | BB+ | 3,320,803 | ||
1,700 | 5.000%, 12/01/34 | 12/29 at 100.00 | BB+ | 1,867,314 | ||
2,625 | 5.000%, 12/01/39 | 12/29 at 100.00 | BB+ | 2,822,059 | ||
4,000 | Jefferson Parish Hospital Service District 2, Louisiana, Hospital Revenue Bonds, East Jefferson General Hospital, Refunding Series 2011, 6.375%, 7/01/41 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (7) | 4,059,400 | ||
Louisiana Publc Facilities Authority, Lousiana, Revenue Bonds, Ochsner Clinic Foundation Project, Series 2020A: | ||||||
16,495 | 3.000%, 5/15/47 (UB) (4) | 5/30 at 100.00 | A | 16,828,034 | ||
21,235 | 4.000%, 5/15/49 | 5/30 at 100.00 | A | 24,082,189 | ||
5,710 | 4.000%, 5/15/49 (UB) (4) | 5/30 at 100.00 | A | 6,475,597 | ||
2,400 | Louisiana Publc Facilities Authority, Lousiana, Revenue Bonds, Tulane University, Refunding Series 2020A, 4.000%, 4/01/50 | 4/30 at 100.00 | A | 2,702,904 | ||
24,815 | Louisiana Public Facilities Authority, Dock and Wharf Revenue Bonds, Impala Warehousing (US) LLC Project, Series 2013, 6.500%, 7/01/36, 144A (AMT) | 7/23 at 100.00 | N/R | 26,697,218 | ||
1,000 | Louisiana Public Facilities Authority, Revenue Bonds, Belle Chasse Educational Foundation Project, Series 2011, 6.750%, 5/01/41 (Pre-refunded 5/01/21) | 5/21 at 100.00 | N/R (7) | 1,004,840 | ||
2,030 | Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, Series 2015, 5.000%, 5/15/47 | 5/25 at 100.00 | A | 2,313,232 | ||
8,000 | New Orleans Aviation Board, Louisiana, General Airport Revenue Bonds, North Terminal Project, Series 2015B, 5.000%, 1/01/40 (AMT) | 1/25 at 100.00 | A2 | 9,032,880 | ||
1,050 | New Orleans, Louisiana, Sewerage Service Revenue Bonds, Refunding Series 2014, 5.000%, 6/01/44 (Pre-refunded 6/01/24) | 6/24 at 100.00 | A (7) | 1,203,794 | ||
6,750 | Port New Orleans Board of Commissioners, Louisiana, Revenue Bonds, Port Facilities, Series 2020E, 5.000%, 4/01/44 (AMT) | 4/30 at 100.00 | A | 8,191,921 | ||
2,000 | Saint James Parish, Louisiana, Revenue Bonds, NuStar Logistics, LP Project, Series 2008, 6.100%, 6/01/38 (Mandatory Put 6/01/30), 144A | No Opt. Call | BB- | 2,505,800 | ||
500 | Saint James Parish, Louisiana, Revenue Bonds, NuStar Logistics, LP Project, Series 2010, 6.350%, 7/01/40, 144A | 6/30 at 100.00 | BB- | 636,420 | ||
6,425 | Saint James Parish, Louisiana, Revenue Bonds, NuStar Logistics, LP Project, Series 2010B, 6.100%, 12/01/40 (Mandatory Put 3/01/30), 144A | No Opt. Call | BB- | 8,049,882 | ||
2,930 | Saint James Parish, Louisiana, Revenue Bonds, NuStar Logistics, LP Project, Series 2011, 5.850%, 8/01/41 (Mandatory Put 6/01/25), 144A | No Opt. Call | BB- | 3,311,310 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Louisiana (continued) | ||||||
$ 4,000 | Saint John the Baptist Parish, Louisiana, Revenue Bonds, Marathon Oil Corporation Project, Refunding Series 2017A-1, 2.000%, 6/01/37 (Mandatory Put 4/01/23) | No Opt. Call | BBB- | 4,081,720 | ||
1,650 | Saint John the Baptist Parish, Louisiana, Revenue Bonds, Marathon Oil Corporation Project, Refunding Series 2017A-3, 2.200%, 6/01/37 (Mandatory Put 7/01/26) | No Opt. Call | BBB | 1,704,582 | ||
1,135 | Shreveport, Louisiana, Water and Sewer Revenue Bonds, Junior Lien Series 2019B, 4.000%, 12/01/49 – AGM Insured | 12/28 at 100.00 | AA | 1,266,853 | ||
126,735 | Total Louisiana | 140,344,719 | ||||
Maine – 0.2% | ||||||
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Maine General Medical Center, Series 2011: | ||||||
2,000 | 6.750%, 7/01/36 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (7) | 2,031,700 | ||
10,390 | 6.750%, 7/01/41 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (7) | 10,554,682 | ||
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, MaineHealth Issue, Series 2020A: | ||||||
2,355 | 4.000%, 7/01/45 | 7/30 at 100.00 | A+ | 2,690,847 | ||
2,755 | 4.000%, 7/01/50 | 7/30 at 100.00 | A+ | 3,130,148 | ||
Portland, Maine, General Airport Revenue Bonds, Refunding Series 2013: | ||||||
460 | 5.000%, 7/01/26 | 7/23 at 100.00 | BBB+ | 504,339 | ||
1,000 | 5.000%, 7/01/27 | 7/23 at 100.00 | BBB+ | 1,094,040 | ||
18,960 | Total Maine | 20,005,756 | ||||
Maryland – 0.6% | ||||||
10,000 | Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Refunding Series 2017, 5.000%, 9/01/39 | 9/27 at 100.00 | CCC | 10,131,400 | ||
1,055 | Frederick County, Maryland, Special Tax Limited Obligation Bonds, Jefferson Technology Park Project, Refunding Series 2020A, 5.000%, 7/01/43, 144A | 7/30 at 102.00 | N/R | 1,199,651 | ||
750 | Frederick County, Maryland, Tax Increment and Special Tax Limited Obligation Bonds, Jefferson Technology Park Project, Refunding Series 2020B, 4.625%, 7/01/43, 144A | 7/30 at 102.00 | N/R | 859,718 | ||
Maryland Economic Development Corporation Economic Development Revenue Bonds, Terminal Project, Series 2019A: | ||||||
450 | 5.000%, 6/01/44 (AMT) | 6/29 at 100.00 | Baa3 | 500,355 | ||
900 | 5.000%, 6/01/49 (AMT) | 6/29 at 100.00 | Baa3 | 995,931 | ||
3,885 | Maryland Economic Development Corporation, Port Facilities Revenue Bonds, CNX Marine Terminals Inc Port of Baltimore Facility, Refunding Series 2010, 5.750%, 9/01/25 | 5/21 at 100.00 | BB- | 3,923,345 | ||
1,500 | Maryland Economic Development Corporation, Private Activity Revenue Bonds RSA, Purple Line Light Rail Project, Green Bonds, Series 2016A, 5.000%, 3/31/24 (AMT) | 11/21 at 100.00 | BB- | 1,541,220 | ||
14,350 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar Health Issue, Series 2015, 5.000%, 8/15/42 (UB) (4) | 2/25 at 100.00 | A | 16,320,398 | ||
8,390 | Maryland Stadium Authority, Revenue Bonds, Baltimore City Public Schools Construction & Revitalization Program, Series 2016, 5.000%, 5/01/41 (Pre-refunded 5/01/26) | 5/26 at 100.00 | AA (7) | 10,226,739 | ||
41,280 | Total Maryland | 45,698,757 | ||||
Massachusetts – 1.9% | ||||||
10,000 | Attleboro, Massachusetts, General Obligation Bonds, School Project, Series 2020, 2.625%, 10/15/50 (UB) (4) | 10/28 at 100.00 | AA | 10,116,600 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Massachusetts (continued) | ||||||
$ 8,620 | Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Senior Lien Capital Appreciation Series 2016A, 0.000%, 7/01/32 | 7/26 at 85.54 | AA | 6,770,665 | ||
1,000 | Massachusetts Development Finance Agency Revenue Refunding Bonds, NewBridge on the Charles, Inc Issue, Series 2017, 5.000%, 10/01/57, 144A | 10/22 at 105.00 | BB+ | 1,092,010 | ||
4,350 | Massachusetts Development Finance Agency, Health Care Facility Revenue Bonds, Adventcare Project, Series 2007A, 6.750%, 10/15/37 (8) | 5/21 at 100.00 | N/R | 1,957,500 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Beth Israel Lahey Health Issue, Series 2019K: | ||||||
1,315 | 5.000%, 7/01/31 | 7/29 at 100.00 | A | 1,676,428 | ||
1,250 | 5.000%, 7/01/32 | 7/29 at 100.00 | A | 1,587,300 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Series 2016E: | ||||||
1,200 | 5.000%, 7/01/35 | 7/26 at 100.00 | BBB | 1,398,660 | ||
5,590 | 5.000%, 7/01/37 | 7/26 at 100.00 | BBB | 6,487,027 | ||
Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Series 2018J-2: | ||||||
10,000 | 5.000%, 7/01/43 | 7/28 at 100.00 | A | 12,038,300 | ||
6,750 | 5.000%, 7/01/53 | 7/28 at 100.00 | A | 8,012,318 | ||
10,410 | Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2016A, 5.000%, 1/01/47 | 1/27 at 100.00 | BBB+ | 11,880,933 | ||
1,500 | Massachusetts Development Finance Agency, Revenue Bonds, Emmanuel College, Series 2016A, 5.000%, 10/01/43 | 10/26 at 100.00 | Baa2 | 1,708,275 | ||
1,035 | Massachusetts Development Finance Agency, Revenue Bonds, Loomis Communities, Series 2013A, 4.875%, 1/01/24 | 1/23 at 100.00 | BBB | 1,100,267 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Southcoast Health System Obligated Group Issue, Series 2021G: | ||||||
1,400 | 4.000%, 7/01/46 | 7/31 at 100.00 | A- | 1,608,379 | ||
355 | 5.000%, 7/01/50 | 7/31 at 100.00 | A- | 442,675 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Wellforce Issue, Series 2019A: | ||||||
2,500 | 5.000%, 7/01/39 | 1/29 at 100.00 | BBB+ | 3,044,425 | ||
10,165 | 5.000%, 7/01/44 | 1/29 at 100.00 | BBB+ | 12,180,923 | ||
920 | Massachusetts Development Finance Agency, Revenue Bonds, Wellforce Issue, Series 2020C, 4.000%, 10/01/45 – AGM Insured | 10/30 at 100.00 | AA | 1,043,979 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Woods Hole Oceanographic Institution, Series 2018: | ||||||
3,490 | 5.000%, 6/01/43 | 6/28 at 100.00 | AA- | 4,220,352 | ||
6,210 | 5.000%, 6/01/48 | 6/28 at 100.00 | AA- | 7,501,432 | ||
18,045 | Massachusetts Port Authority, Revenue Bonds, Refunding Series 2016B, 5.000%, 7/01/43 (AMT) | 7/26 at 100.00 | Aa2 | 21,002,395 | ||
Massachusetts Port Authority, Revenue Bonds, Series 2021E: | ||||||
7,000 | 5.000%, 7/01/46 (AMT) | 7/31 at 100.00 | Aa2 | 8,798,705 | ||
12,500 | 5.000%, 7/01/51 (AMT) | 7/31 at 100.00 | Aa2 | 15,625,482 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Massachusetts (continued) | ||||||
$ 3,010 | Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2016A, 5.000%, 3/01/46 | 3/24 at 100.00 | Aa1 | 3,356,662 | ||
5,000 | Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2017F, 5.000%, 11/01/43 | 11/27 at 100.00 | Aa1 | 6,205,800 | ||
133,615 | Total Massachusetts | 150,857,492 | ||||
Michigan – 1.2% | ||||||
2,145 | Bay City, Bay County, Michigan, Unlimited Tax General Street Improvement Bonds, Series 1991, 0.000%, 6/01/21 – AMBAC Insured | No Opt. Call | A+ | 2,143,541 | ||
2,050 | Detroit, Wayne County, Michigan, General Obligation Bonds, Social Bond Series 2021A, 5.000%, 4/01/46 | 4/31 at 100.00 | BB- | 2,466,083 | ||
3,755 | Lansing Community College, Michigan, General Obligation Bonds, College Building & Site, Limited Tax Series 2019, 3.000%, 5/01/49 | 5/29 at 100.00 | AA | 3,851,203 | ||
2,485 | 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 | 11/28 at 100.00 | Aa3 | 3,034,508 | ||
Michigan Finance Authority, Distributable State Aid Revenue Bonds, Charter County of Wayne, Second Lien Refunding Series 2020: | ||||||
2,500 | 4.000%, 11/01/45 | 11/30 at 100.00 | AA | 2,885,414 | ||
9,730 | 4.000%, 11/01/50 (UB) (4) | 11/30 at 100.00 | AA | 11,166,537 | ||
Michigan Finance Authority, Hospital Revenue Bonds, McLaren Health Care, Refunding Series 2019A: | ||||||
16,670 | 4.000%, 2/15/47 | 8/29 at 100.00 | AA- | 18,848,269 | ||
8,570 | 4.000%, 2/15/50 | 8/29 at 100.00 | AA- | 9,660,532 | ||
Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2016MI: | ||||||
145 | 5.000%, 12/01/45 (Pre-refunded 6/01/26) | 6/26 at 100.00 | N/R (7) | 176,433 | ||
9,970 | 5.000%, 12/01/45 | 6/26 at 100.00 | AA- | 11,833,094 | ||
140 | Michigan Finance Authority, Public School Academy Limited Obligation Revenue Bonds, Creative Montessori Academy Project, Series 2011, 6.125%, 5/01/21 | 3/21 at 100.00 | BBB- | 140,293 | ||
Michigan Finance Authority, Public School Academy Revenue Bonds, Detroit Service Learning Academy Project, Refunding Series 2011: | ||||||
105 | 6.000%, 10/01/21 | No Opt. Call | B | 104,007 | ||
500 | 7.000%, 10/01/31 | 10/21 at 100.00 | B | 466,955 | ||
1,000 | 7.000%, 10/01/36 | 10/21 at 100.00 | B | 899,010 | ||
2,750 | Michigan Finance Authority, Tobacco Settlement Asset- Backed Bonds, 2007 Sold Tobacco Receipts, Series 2020A-CL-1, 4.000%, 6/01/49 | 12/30 at 100.00 | BBB+ | 3,127,108 | ||
85,205 | Michigan Finance Authority, Tobacco Settlement Asset- Backed Bonds, 2007 Sold Tobacco Receipts, Series 2020B2-CL2, 0.000%, 6/01/65 | 12/30 at 18.38 | N/R | 10,655,737 | ||
1,250 | Michigan Public Educational Facilities Authority, Limited Obligation Revenue Bonds, Chandler Park Academy Project, Series 2008, 6.500%, 11/01/35 | 5/21 at 100.00 | BBB- | 1,252,425 | ||
Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2011-I-A: | ||||||
750 | 5.375%, 10/15/41 (Pre-refunded 10/15/21) | 10/21 at 100.00 | Aa2 (7) | 770,948 | ||
2,000 | 5.500%, 10/15/45 (Pre-refunded 10/15/21) | 10/21 at 100.00 | Aa2 (7) | 2,057,180 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Michigan (continued) | ||||||
$ 5,000 | Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont Hospital Obligated Group, Refunding Series 2014D, 5.000%, 9/01/39 | 3/24 at 100.00 | A+ | 5,577,400 | ||
156,720 | Total Michigan | 91,116,677 | ||||
Minnesota – 0.9% | ||||||
310 | Baytown Township, Minnesota Charter School Lease Revenue Bonds, Saint Croix Preparatory Academy, Refunding Series 2016A, 4.000%, 8/01/41 | 8/26 at 100.00 | BB+ | 324,201 | ||
City of Ham Lake, Minnesota, Charter School Lease Revenue Bonds, DaVinci Academy Project,Series 2016A: | ||||||
150 | 5.000%, 7/01/36 | 7/24 at 102.00 | N/R | 162,788 | ||
270 | 5.000%, 7/01/47 | 7/24 at 102.00 | N/R | 289,786 | ||
4,050 | City of Milaca, Minnesota Refunding Revenue Bonds, Grandview Christian Home Project, Series 2016, 5.000%, 10/01/51 | 10/24 at 102.00 | N/R | 4,139,991 | ||
Columbus, Minnesota, Senior Housing Revenue Bonds, Richfield Senior Housing, Inc, Refunding Series 2015: | ||||||
250 | 5.250%, 1/01/40 | 1/23 at 100.00 | N/R | 229,045 | ||
675 | 5.250%, 1/01/46 | 1/23 at 100.00 | N/R | 602,147 | ||
Dakota County Community Development Agency, Minnesota, Senior Housing Revenue Bonds, Walker Highview Hills LLC Project, Refunding Series 2016A: | ||||||
1,555 | 5.000%, 8/01/46, 144A | 8/22 at 100.00 | N/R | 1,593,315 | ||
1,250 | 5.000%, 8/01/51, 144A | 8/22 at 100.00 | N/R | 1,279,987 | ||
2,575 | Ham Lake, Minnesota Charter School Lease Revenue Bonds, Parnassus Preparatory School Project, Series 2016A, 5.000%, 11/01/47 | 11/26 at 100.00 | BB | 2,805,643 | ||
2,250 | Minnesota Higher Education Facilities Authority, Revenue Bonds, Saint Catherine University, Refunding Series 2018A, 5.000%, 10/01/45 | 10/28 at 100.00 | Baa1 | 2,644,875 | ||
8,238 | Minnesota Housing Finance Agency, Homeownership Finance Bonds, Mortgage-Backed Securities Program, Series 2017E, 2.850%, 6/01/47 | 7/26 at 100.00 | Aaa | 8,622,530 | ||
22,727 | Minnesota Housing Finance Agency, Homeownership Finance Bonds, Mortgage-Backed Securities Program, Series 2017G, 2.650%, 10/01/47 | 1/27 at 100.00 | Aaa | 23,672,117 | ||
500 | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Nova Classical Academy, Series 2016A, 4.125%, 9/01/47 | 9/24 at 102.00 | BB+ | 519,985 | ||
1,000 | Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care Revenue Bonds, Fairview Health Services, Series 2017A, 5.000%, 11/15/47 | 11/27 at 100.00 | A+ | 1,173,870 | ||
16,825 | Saint Paul Port Authority, Minnesota, Solid Waste Disposal Revenue Bonds, Gerdau Saint Paul Steel Mill Project, Series 2012-7, 4.500%, 10/01/37, 144A (AMT) | 10/22 at 100.00 | BBB- | 17,211,807 | ||
St Paul Housing and Redevelopment Authority, Minnesota, Hospital Revenue Bonds, HealthEast Inc, Series 2015A: | ||||||
2,500 | 5.000%, 11/15/27 (Pre-refunded 11/15/25) | 11/25 at 100.00 | N/R (7) | 3,003,300 | ||
235 | 5.000%, 11/15/44 (Pre-refunded 11/15/25) | 11/25 at 100.00 | N/R (7) | 282,310 | ||
3,750 | Western Minnesota Municipal Power Agency, Minnesota, Power Supply Revenue Bonds, Series 2014A, 5.000%, 1/01/46 (Pre-refunded 1/01/24) | 1/24 at 100.00 | Aa3 (7) | 4,235,850 | ||
69,110 | Total Minnesota | 72,793,547 | ||||
Mississippi – 0.4% | ||||||
5,000 | Mississippi Development Bank, Special Obligation Bonds, Gulfport Water and Sewer System Project, Series 2005, 5.250%, 7/01/24 – AGM Insured (ETM) | No Opt. Call | AA (7) | 5,536,500 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Mississippi (continued) | ||||||
$ 1,000 | Mississippi State, Gaming Tax Revenue Bonds, Series 2015E, 5.000%, 10/15/35 | 10/25 at 100.00 | A+ | 1,140,020 | ||
Mississippi State, Gaming Tax Revenue Bonds, Series 2019A: | ||||||
3,255 | 5.000%, 10/15/31 | 10/28 at 100.00 | A+ | 4,004,496 | ||
2,415 | 5.000%, 10/15/32 | 10/28 at 100.00 | A+ | 2,960,307 | ||
1,030 | 5.000%, 10/15/33 | 10/28 at 100.00 | A+ | 1,258,928 | ||
2,450 | 5.000%, 10/15/36 | 10/28 at 100.00 | A+ | 2,969,645 | ||
7,000 | 4.000%, 10/15/38 | 10/28 at 100.00 | A+ | 7,855,120 | ||
3,430 | University of Mississippi Educational Building Corporation, Revenue Bonds, Facilities Refinancing Project, Refunding Series 2019A, 3.000%, 10/01/34 | 10/29 at 100.00 | Aa2 | 3,716,954 | ||
25,580 | Total Mississippi | 29,441,970 | ||||
Missouri – 3.2% | ||||||
3,185 | Bi-State Development Agency, Missouri, Bi-State MetroLink District, St Clair County Metrolink Extension Project Bonds, Refunding Series 2006, 5.250%, 7/01/27 – AGM Insured | No Opt. Call | AA | 4,039,567 | ||
2,500 | Jackson County Reorganized School District 4, Blue Springs, Missouri, General Obligation Bonds, School Building Series 2018A, 6.000%, 3/01/38 | 3/29 at 100.00 | AA+ | 3,370,275 | ||
5,000 | Kansas City Industrial Development Authority, Missouri, Airport Special Obligation Bonds, Kansas City International Airport Terminal Modernization Project, Series 2019A, 5.000%, 3/01/44 (AMT) | 3/29 at 100.00 | A2 | 5,967,850 | ||
Kansas City Industrial Development Authority, Missouri, Airport Special Obligation Bonds, Kansas City International Airport Terminal Modernization Project, Series 2019B: | ||||||
18,000 | 5.000%, 3/01/46 (AMT) | 3/29 at 100.00 | A2 | 21,408,300 | ||
42,615 | 5.000%, 3/01/54 (AMT) | 3/29 at 100.00 | A2 | 50,353,033 | ||
2,475 | 5.000%, 3/01/55 – AGM Insured (AMT) | 3/29 at 100.00 | AA | 2,955,794 | ||
15,000 | Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Series 1998B, 2.900%, 9/01/33 | 7/27 at 102.00 | A | 16,130,400 | ||
8,935 | 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 | 9,620,225 | ||
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Mercy Health, Series 2020: | ||||||
5,000 | 4.000%, 6/01/50 | 6/30 at 100.00 | A+ | 5,658,150 | ||
18,620 | 3.000%, 6/01/53 (UB) (4) | 6/30 at 100.00 | A+ | 19,129,816 | ||
35,000 | 4.000%, 6/01/53 (UB) (4) | 6/30 at 100.00 | A+ | 39,482,800 | ||
8,821 | Missouri Housing Development Commission, Single Family Mortgage Revenue Bonds, First Place Homeownership Loan Program, Series 2016D, 3.400%, 11/01/46 | 11/25 at 100.00 | AA+ | 9,440,787 | ||
3,369 | Missouri Housing Development Commission, Single Family Mortgage Revenue Bonds, First Place Homeownership Loan Program, Series 2017C, 3.300%, 12/01/47 | 2/27 at 100.00 | AA+ | 3,619,679 | ||
2,250 | Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Plum Point Project, Refunding Series 2014A, 5.000%, 1/01/28 | 1/25 at 100.00 | A | 2,592,495 | ||
15,100 | Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Plum Point Project, Refunding Series 2015A, 4.000%, 1/01/35 | 1/26 at 100.00 | A | 16,794,824 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Missouri (continued) | ||||||
Saint Louis Municipal Finance Corporation, Missouri, Leasehold Revenue Bonds, Convention Center, Expansion & Improvement Projects Series 2020: | ||||||
$ 2,500 | 5.000%, 10/01/40 – AGM Insured (UB) (4) | 10/30 at 100.00 | AA | 3,141,450 | ||
1,190 | 5.000%, 10/01/45 – AGM Insured (UB) (4) | 10/30 at 100.00 | AA | 1,471,280 | ||
5,770 | 5.000%, 10/01/49 – AGM Insured (UB) (4) | 10/30 at 100.00 | AA | 7,057,460 | ||
Saint Louis Municipal Finance Corporation, Missouri, Leasehold Revenue Bonds, Convention Center, Series 2010A: | ||||||
5,000 | 0.000%, 7/15/31 – AGC Insured | No Opt. Call | AA | 3,960,350 | ||
7,000 | 0.000%, 7/15/32 – AGC Insured | No Opt. Call | AA | 5,368,230 | ||
6,250 | 0.000%, 7/15/33 – AGC Insured | No Opt. Call | AA | 4,633,187 | ||
7,000 | 0.000%, 7/15/34 – AGC Insured | No Opt. Call | AA | 5,013,190 | ||
6,000 | 0.000%, 7/15/35 – AGC Insured | No Opt. Call | AA | 4,151,280 | ||
2,000 | 0.000%, 7/15/36 – AGC Insured | No Opt. Call | AA | 1,332,860 | ||
1,288 | Saint Louis, Missouri, Tax Increment Financing Revenue Bonds, Fashion Square Redevelopment Project, Series 2008A, 6.300%, 8/22/26 | 9/21 at 100.00 | N/R | 1,291,053 | ||
1,355 | Saint Louis, Missouri, Tax Increment Financing Revenue Notes, Marquette Building Redevelopment Project, Series 2008-A, 6.500%, 1/23/28 | 5/21 at 100.00 | N/R | 811,699 | ||
231,223 | Total Missouri | 248,796,034 | ||||
Montana – 0.2% | ||||||
2,505 | Montana Facilities Finance Authority, Montana, Health Facilities Reveue Bonds, Bozeman Deaconess Health Services Obligated Group, Series 2018, 5.000%, 6/01/48 | 6/28 at 100.00 | A | 2,943,425 | ||
1,910 | Montana Facility Finance Authority, Healthcare Facility Revenue Bonds, Kalispell Regional Medical Center, Series 2018B, 5.000%, 7/01/43 | 7/28 at 100.00 | BBB | 2,186,893 | ||
9,130 | Montana Facility Finance Authority, Revenue Bonds, Billings Clinic Obligated Group, Series 2018A, 5.000%, 8/15/48 | 8/28 at 100.00 | AA- | 11,133,213 | ||
13,545 | Total Montana | 16,263,531 | ||||
Nebraska – 0.5% | ||||||
3,075 | Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Refunding Crossover Series 2017A, 5.000%, 9/01/30 | No Opt. Call | A | 3,937,384 | ||
4,000 | Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Series 2012, 5.000%, 9/01/42 | 9/22 at 100.00 | A2 | 4,247,680 | ||
1,740 | Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015, 5.000%, 11/01/45 | 11/25 at 100.00 | A | 2,005,402 | ||
Omaha Public Power District, Nebraska, Separate Electric System Revenue Bonds, Nebraska City 2, Refunding Series 2016A: | ||||||
18,465 | 5.000%, 2/01/46 (UB) (4) | 2/26 at 100.00 | A+ | 21,583,184 | ||
10,000 | 5.000%, 2/01/49 (UB) (4) | 2/26 at 100.00 | A+ | 11,646,800 | ||
37,280 | Total Nebraska | 43,420,450 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Nevada – 0.9% | ||||||
Carson City, Nevada, Hospital Revenue Bonds, Carson Tahoe Regional Healthcare Project, Series 2017A: | ||||||
$ 265 | 5.000%, 9/01/29 | 9/27 at 100.00 | A- | 322,335 | ||
750 | 5.000%, 9/01/30 | 9/27 at 100.00 | A- | 907,065 | ||
730 | 5.000%, 9/01/32 | 9/27 at 100.00 | A- | 876,861 | ||
1,965 | 5.000%, 9/01/42 | 9/27 at 100.00 | A- | 2,306,340 | ||
1,150 | 5.000%, 9/01/47 | 9/27 at 100.00 | A- | 1,340,566 | ||
13,600 | Clark County, Nevada, General Obligation Bonds, Stadium Improvement, Limited Tax Additionally Secured by Pledged Revenues, Series 2018A, 5.000%, 5/01/48 | 6/28 at 100.00 | AA+ | 16,439,816 | ||
5,000 | Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran International Airport, Refunding Series 2019E, 5.000%, 7/01/30 | 7/29 at 100.00 | Aa3 | 6,409,200 | ||
4,765 | Director of Nevada State Department of Business & Industry, Environmental Improvement Revenue Bonds, Fulcrum Sierra Holdings LLC, Green Series 2019, 5.750%, 2/15/38, 144A (AMT) | 8/29 at 100.00 | N/R | 4,374,318 | ||
2,515 | Henderson Public Improvement Trust, Nevada, Revenue Bonds, Touro College and Unversity System, Series 2014A, 5.500%, 1/01/34 | 7/24 at 100.00 | BBB- | 2,708,328 | ||
Henderson, Nevada, Limited Obligation Bonds, Local Improvement District T-18 Inspirada, Refunding Series 2016: | ||||||
1,125 | 4.000%, 9/01/25 | No Opt. Call | N/R | 1,210,466 | ||
1,800 | 4.000%, 9/01/35 | 9/26 at 100.00 | N/R | 1,880,694 | ||
2,500 | Las Vegas Convention and Visitors Authority, Nevada, Convention Center Expansion Revenue Bonds, Series 2018B, 4.000%, 7/01/49 | 7/28 at 100.00 | Aa3 | 2,740,275 | ||
2,500 | Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2011C, 5.000%, 6/01/38 | 6/21 at 100.00 | Aa1 | 2,518,925 | ||
20,000 | Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Water Improvement Series 2016A, 5.000%, 6/01/46 (UB) (4) | 6/26 at 100.00 | Aa1 | 23,740,400 | ||
Las Vegas, Nevada, Local Improvement Bonds, Special Improvement District 607 Providence, Refunding Series 2013: | ||||||
620 | 4.000%, 6/01/21 | No Opt. Call | N/R | 622,468 | ||
280 | 5.000%, 6/01/23 | No Opt. Call | N/R | 300,208 | ||
200 | 4.250%, 6/01/24 | 6/23 at 103.00 | N/R | 215,052 | ||
1,710 | Las Vegas, Nevada, Local Improvement Bonds, Special Improvement District 812 Summerlin Village 24, Series 2015, 5.000%, 12/01/31 | 12/25 at 100.00 | N/R | 1,883,172 | ||
Sparks, Nevada, Sales Tax Revenue Bonds, Tourism Improvement District 1 Legends at Sparks Marina, Refunding Senior Series 2019A: | ||||||
425 | 2.500%, 6/15/24, 144A | No Opt. Call | Ba2 | 429,097 | ||
790 | 2.750%, 6/15/28, 144A | No Opt. Call | Ba2 | 807,427 | ||
Washoe County, Nevada, General Obligation Bonds, Reno-Sparks Convention & Visitors Authority, Refunding Series 2011: | ||||||
20 | 5.000%, 7/01/32 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (7) | 20,230 | ||
25 | 5.000%, 7/01/32 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (7) | 25,288 | ||
365 | 5.000%, 7/01/32 (Pre-refunded 7/01/21) | 7/21 at 100.00 | AA (7) | 369,241 | ||
63,100 | Total Nevada | 72,447,772 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Hampshire – 0.6% | ||||||
$ 8,688 | National Finance Authority, New Hampshire, Municipal Certificates Series 2020-1 Class A, 4.125%, 1/20/34 | No Opt. Call | BBB | 10,077,271 | ||
8,170 | National Finance Authority, New Hampshire, Resource Recovery Revenue Bonds, Covanta Project, Refunding Series 2018C, 4.875%, 11/01/42, 144A (AMT) | 7/23 at 100.00 | B1 | 8,565,918 | ||
4,420 | National Finance Authority, New Hampshire, Resource Recovery Revenue Bonds, Covanta Project, Refunding Series 2020B, 3.750%, 7/01/45 (Mandatory Put 7/02/40), 144A (AMT) | 7/25 at 100.00 | B1 | 4,570,457 | ||
New Hampshire Health and Education Facilities Authority, Revenue Bonds, Dartmouth-Hitchcock Obligated Group, Series 2018A: | ||||||
1,000 | 5.000%, 8/01/34 | 2/28 at 100.00 | A | 1,198,760 | ||
725 | 5.000%, 8/01/36 | 2/28 at 100.00 | A | 864,773 | ||
17,040 | New Hampshire Health and Education Facilities Authority, Revenue Bonds, Dartmouth-Hitchcock Obligated Group, Series 2020A, 5.000%, 8/01/59 | No Opt. Call | A | 25,606,008 | ||
40,043 | Total New Hampshire | 50,883,187 | ||||
New Jersey – 3.1% | ||||||
4,510 | Camden County Improvement Authority, New Jersey, Health Care Redevelopment Revenue Bonds, Cooper Health System Obligated Group Issue, Series 2013A, 5.750%, 2/15/42 | 2/23 at 100.00 | BBB+ | 4,811,313 | ||
5,500 | Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2018A, 5.000%, 1/01/39 | 1/29 at 100.00 | A+ | 6,794,370 | ||
1,335 | Manalapan-Englishtown Regional Board of Education, New Jersey, General Obligation Bonds, Series 2004, 5.750%, 12/01/21 – FGIC Insured | No Opt. Call | A3 | 1,382,606 | ||
3,215 | New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge, Refunding Series 2017A, 4.000%, 7/01/34 | 7/27 at 100.00 | Baa3 | 3,519,203 | ||
9,090 | New Jersey Economic Development Authority, School Facilities Construction Bonds, Series 2016AAA, 5.500%, 6/15/29 | 12/26 at 100.00 | Baa1 | 11,088,346 | ||
New Jersey Economic Development Authority, School Facilities Construction Bonds, Series 2019LLL: | ||||||
5,500 | 5.000%, 6/15/36 | 12/29 at 100.00 | Baa1 | 6,729,635 | ||
5,000 | 5.000%, 6/15/49 | 12/29 at 100.00 | Baa1 | 5,948,450 | ||
New Jersey Economic Development Authority, School Facilities Construction Bonds, Series 2019MMM: | ||||||
1,155 | 5.000%, 6/15/34 | 12/29 at 100.00 | Baa1 | 1,426,067 | ||
2,580 | 4.000%, 6/15/35 | 12/29 at 100.00 | Baa1 | 2,930,106 | ||
1,665 | 4.000%, 6/15/36 | 12/29 at 100.00 | Baa1 | 1,885,013 | ||
New Jersey Economic Development Authority, School Facilities Construction Bonds, Social Series 2021QQQ: | ||||||
4,735 | 4.000%, 6/15/46 | 12/30 at 100.00 | Baa1 | 5,289,245 | ||
3,875 | 4.000%, 6/15/50 | 12/30 at 100.00 | Baa1 | 4,308,800 | ||
New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental Airlines Inc, Series 1999: | ||||||
775 | 5.125%, 9/15/23 (AMT) | 8/22 at 101.00 | Ba3 | 822,647 | ||
1,650 | 5.250%, 9/15/29 (AMT) | 8/22 at 101.00 | Ba3 | 1,752,498 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Jersey (continued) | ||||||
$ 2,255 | New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental Airlines Inc, Series 2000A & 2000B, 5.625%, 11/15/30 (AMT) | 3/24 at 101.00 | Ba3 | 2,525,690 | ||
1,640 | New Jersey Educational Facilities Authority, Revenue Bonds, Stevens Institute of Technology Issue, Green Series 2020A, 4.000%, 7/01/50 | 7/30 at 100.00 | BBB+ | 1,806,017 | ||
1,000 | New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Princeton HealthCare System, Series 2016A, 5.000%, 7/01/31 | 7/26 at 100.00 | AA | 1,205,430 | ||
4,500 | New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Joseph's Healthcare System Obligated Group Issue, Refunding Series 2016, 4.000%, 7/01/48 | 7/26 at 100.00 | BBB- | 4,923,990 | ||
1,460 | New Jersey Health Care Facilities Financing Authority, Revenue Bonds, University Hospital Issue, Refunding Series 2015A, 5.000%, 7/01/46 – AGM Insured | 7/25 at 100.00 | AA | 1,649,902 | ||
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Valley Health System Obligated Group, Series 2019: | ||||||
3,950 | 4.000%, 7/01/37 | 7/29 at 100.00 | A+ | 4,573,902 | ||
1,030 | 4.000%, 7/01/44 | 7/29 at 100.00 | A+ | 1,169,926 | ||
New Jersey State, General Obligation Bonds, Covid-19 Emergency Series 2020A: | ||||||
10,565 | 5.000%, 6/01/28 | No Opt. Call | A3 | 13,302,180 | ||
6,655 | 5.000%, 6/01/29 | No Opt. Call | A3 | 8,513,143 | ||
10,650 | 4.000%, 6/01/30 | No Opt. Call | A3 | 12,915,042 | ||
3,715 | 4.000%, 6/01/31 | No Opt. Call | A3 | 4,542,182 | ||
6,380 | 3.000%, 6/01/32 | No Opt. Call | A3 | 7,109,362 | ||
4,925 | 4.000%, 6/01/32 | No Opt. Call | A3 | 6,060,114 | ||
New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Revenue Notes, Series 2018A: | ||||||
1,475 | 5.000%, 6/15/30 | 6/26 at 100.00 | A+ | 1,720,971 | ||
1,035 | 5.000%, 6/15/31 | 6/26 at 100.00 | A+ | 1,201,500 | ||
17,305 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2011B, 5.500%, 6/15/31 | 6/21 at 100.00 | Baa1 | 17,459,534 | ||
19,550 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2014AA, 5.000%, 6/15/38 | 6/24 at 100.00 | Baa1 | 21,691,702 | ||
4,500 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2015AA, 5.250%, 6/15/41 | 6/25 at 100.00 | Baa1 | 5,118,525 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2019BB: | ||||||
5,500 | 5.000%, 6/15/44 | 12/28 at 100.00 | Baa1 | 6,545,000 | ||
4,000 | 5.000%, 6/15/50 | 12/28 at 100.00 | Baa1 | 4,726,480 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2020AA: | ||||||
4,785 | 4.000%, 6/15/45 | 12/30 at 100.00 | Baa1 | 5,353,157 | ||
680 | 4.000%, 6/15/50 | 12/30 at 100.00 | Baa1 | 755,913 | ||
3,175 | New Jersey Turnpike Authority, Revenue Bonds, Series 2005A, 5.250%, 1/01/26 – AGM Insured | No Opt. Call | AA | 3,857,308 | ||
1,760 | North Hudson Sewerage Authority, New Jersey, Gross Revenue Lease Certificates, Senior Lien Series 2012A, 5.000%, 6/01/23 (Pre-refunded 6/01/22) | 6/22 at 100.00 | N/R (7) | 1,859,563 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Jersey (continued) | ||||||
South Jersey Transportation Authority, New Jersey, Transportation System Revenue Bonds, Series 2020A: | ||||||
$ 1,160 | 5.000%, 11/01/41 – BAM Insured | 11/30 at 100.00 | AA | 1,466,576 | ||
600 | 5.000%, 11/01/45 | 11/30 at 100.00 | BBB+ | 744,600 | ||
6,250 | 4.000%, 11/01/50 | 11/30 at 100.00 | BBB+ | 7,080,750 | ||
South Jersey Transportation Authority, New Jersey, Transportation System Revenue Bonds, Subordinate Series 2020A: | ||||||
1,250 | 5.000%, 11/01/45 – BAM Insured | 11/30 at 100.00 | AA | 1,564,738 | ||
1,100 | 4.000%, 11/01/50 – BAM Insured | 11/30 at 100.00 | AA | 1,258,334 | ||
26,165 | Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018B, 5.000%, 6/01/46 | 6/28 at 100.00 | BB+ | 30,418,121 | ||
209,600 | Total New Jersey | 241,807,951 | ||||
New Mexico – 0.1% | ||||||
3,915 | Los Ranchos de Albuquerque, New Mexico, Educational Facilities Revenue Bonds, Albuquerque Acadamy Project, Refunding Series 2020, 4.000%, 9/01/40 | 9/30 at 100.00 | A- | 4,382,725 | ||
New York – 16.6% | ||||||
11,125 | Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue Bonds, Barclays Center Project, Refunding Series 2016A, 5.000%, 7/15/42 | 1/27 at 100.00 | Ba1 | 12,792,971 | ||
4,880 | Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue Bonds, Barclays Center Project, Series 2009, 0.000%, 7/15/33 | No Opt. Call | Ba1 | 3,460,213 | ||
Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue Bonds, Charter School for Applied Technologies, Series 2017A: | ||||||
500 | 4.500%, 6/01/27 | 6/24 at 103.00 | BBB | 551,310 | ||
250 | 5.000%, 6/01/35 | 6/24 at 103.00 | BBB | 275,285 | ||
1,440 | Buffalo and Fort Erie Public Bridge Authority, New York, Toll Bridge System Revenue Bonds, Series 2017, 5.000%, 1/01/47 | 1/27 at 100.00 | A+ | 1,671,149 | ||
2,500 | Build New York City Resource Corporation, New York, Revenue Bonds, Manhattan College, Series 2017, 5.000%, 8/01/47 | 8/27 at 100.00 | A- | 2,875,925 | ||
2,355 | Build NYC Resource Corporation, New York, Revenue Bonds, Albert Einstein College of Medicine, Inc, Series 2015, 5.500%, 9/01/45, 144A | 9/25 at 100.00 | N/R | 2,598,224 | ||
Build NYC Resource Corporation, New York, Revenue Bonds, Family Life Academy Charter School, Series 2020A-1: | ||||||
1,790 | 5.250%, 6/01/40, 144A | 12/30 at 100.00 | N/R | 1,803,356 | ||
4,800 | 5.500%, 6/01/55, 144A | 12/30 at 100.00 | N/R | 4,831,783 | ||
Build NYC Resource Corporation, New York, Revenue Bonds, Family Life Academy Charter School, Series 2020C-1: | ||||||
1,300 | 5.000%, 6/01/40, 144A | 12/30 at 100.00 | N/R | 1,360,748 | ||
3,035 | 5.000%, 6/01/55, 144A | 12/30 at 100.00 | N/R | 3,114,317 | ||
30,000 | Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose, Series 2021B, 4.000%, 3/15/47 | 3/31 at 100.00 | AA+ | 34,378,693 | ||
3,500 | Dormitory Authority of the State of New York, Revenue Bonds, Catholic Health System Obligated Group Series 2019A, 4.000%, 7/01/45 | 7/29 at 100.00 | BBB | 3,866,905 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
$ 8,145 | Dormitory Authority of the State of New York, Revenue Bonds, Icahn School of Medicine at Mount Sinai, Refunding Series 2015A, 5.000%, 7/01/45 | 7/25 at 100.00 | A- | 9,229,181 | ||
3,930 | Dormitory Authority of the State of New York, Revenue Bonds, Interagency Council Pooled Loan Program, Series 2020A-1, 4.000%, 7/01/35 | 7/30 at 100.00 | Aa3 | 4,450,018 | ||
7,595 | Dormitory Authority of the State of New York, Revenue Bonds, NYU Langone Hospitals Obligated Group, Series 2020A, 4.000%, 7/01/50 | 7/30 at 100.00 | A | 8,669,914 | ||
Dormitory Authority of the State of New York, Revenue Bonds, Orange Regional Medical Center Obligated Group, Series 2017: | ||||||
100 | 5.000%, 12/01/34, 144A | 6/27 at 100.00 | BBB- | 115,088 | ||
300 | 5.000%, 12/01/36, 144A | 6/27 at 100.00 | BBB- | 342,492 | ||
2,790 | Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program, Series 2019A, 5.000%, 10/01/33 | 10/27 at 100.00 | AA- | 3,385,051 | ||
4,450 | Dormitory Authority of the State of New York, Revenue Bonds, State University of New York Dormitory Facilities, Series 2018A, 5.000%, 7/01/43 | 7/28 at 100.00 | Aa3 | 5,330,477 | ||
Dormitory Authority of the State of New York, Revenue Bonds, Teachers College, Series 2017: | ||||||
500 | 5.000%, 7/01/29 | 7/27 at 100.00 | A+ | 608,835 | ||
175 | 5.000%, 7/01/32 | 7/27 at 100.00 | A+ | 210,593 | ||
7,500 | Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose Series 2015E, 3.250%, 3/15/35 | 9/23 at 100.00 | AA+ | 7,880,100 | ||
13,500 | Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose, Series 2019D, 4.000%, 2/15/39 | 2/30 at 100.00 | AA+ | 15,550,245 | ||
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose, Series 2020A Bidding Group 1 thru 5: | ||||||
12,500 | 3.000%, 3/15/42 | 9/30 at 100.00 | AA+ | 13,094,125 | ||
15,000 | 3.000%, 3/15/50 (UB) (4) | 9/30 at 100.00 | AA+ | 15,489,300 | ||
14,000 | Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2018A, 5.000%, 3/15/38 | 3/28 at 100.00 | AA+ | 17,142,160 | ||
Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2018C: | ||||||
8,000 | 5.000%, 3/15/36 | 3/28 at 100.00 | AA+ | 9,841,200 | ||
10,000 | 5.000%, 3/15/37 | 3/28 at 100.00 | AA+ | 12,265,700 | ||
Hempstead Town Local Development Corporation, New York, Education Revenue Bonds, The Academy Charter School Project, Refunding Series 2020B: | ||||||
1,115 | 4.760%, 2/01/27 | No Opt. Call | N/R | 1,187,731 | ||
1,255 | 5.570%, 2/01/41 | 2/30 at 100.00 | N/R | 1,417,096 | ||
1,365 | Hempstead Town Local Development Corporation, New York, Education Revenue Bonds, The Academy Charter School Project, Series 2017A, 6.240%, 2/01/47 | 2/27 at 100.00 | N/R | 1,540,443 | ||
1,000 | Hempstead Town Local Development Corporation, New York, Education Revenue Bonds, The Academy Charter School Project, Series 2020A, 5.530%, 2/01/40 | 2/30 at 100.00 | N/R | 1,129,390 | ||
150 | Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series 2011A, 5.750%, 2/15/47 | 5/21 at 100.00 | AA- | 150,579 | ||
6,500 | Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2017, 5.000%, 9/01/42 | 9/27 at 100.00 | A | 7,845,435 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A: | ||||||
$ 1,000 | 5.000%, 5/01/36 – AGM Insured (Pre-refunded 5/01/21) | 5/21 at 100.00 | AA (7) | 1,003,550 | ||
1,980 | 5.000%, 5/01/38 (Pre-refunded 5/01/21) | 5/21 at 100.00 | A (7) | 1,987,029 | ||
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green Climate Bond Certified Series 2020C-1: | ||||||
11,000 | 4.750%, 11/15/45 (UB) (4) | 5/30 at 100.00 | A3 | 12,939,630 | ||
9,015 | 5.000%, 11/15/50 (UB) (4) | 5/30 at 100.00 | A3 | 10,826,835 | ||
4,000 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green Climate Bond Certified Series 2020D-3, 4.000%, 11/15/49 (UB) (4) | 11/30 at 100.00 | A3 | 4,432,440 | ||
4,000 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2014B, 5.250%, 11/15/32 | 5/24 at 100.00 | A3 | 4,469,560 | ||
17,750 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2015A-2, 5.000%, 11/15/45 (Mandatory Put 5/15/30) (UB) (4) | No Opt. Call | A3 | 22,248,738 | ||
15,290 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2015C-1, 5.000%, 11/15/35 (UB) (4) | 11/25 at 100.00 | A3 | 17,562,247 | ||
Monroe County Industrial Development Corporation, New York, Revenue Bonds, University of Rochester Project, Series 2017A: | ||||||
1,400 | 5.000%, 7/01/34 | 7/27 at 100.00 | AA- | 1,689,016 | ||
1,000 | 5.000%, 7/01/36 | 7/27 at 100.00 | AA- | 1,202,930 | ||
1,000 | 5.000%, 7/01/37 | 7/27 at 100.00 | AA- | 1,203,200 | ||
7,100 | 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+ | 8,150,942 | ||
Monroe County Industrial Development Corporation, New York, Revenue Bonds, Rochester Regional Health Project, Series 2020A: | ||||||
1,685 | 3.000%, 12/01/37 | 12/30 at 100.00 | BBB+ | 1,769,553 | ||
1,000 | 3.000%, 12/01/40 | 12/30 at 100.00 | BBB+ | 1,032,030 | ||
1,880 | 4.000%, 12/01/46 | 12/30 at 100.00 | BBB+ | 2,120,283 | ||
1,055 | Monroe County Industrial Development Corporation, New York, Revenue Bonds, Saint Ann?s Community Project, Series 2019, 4.000%, 1/01/30 | 1/26 at 103.00 | N/R | 1,134,104 | ||
1,215 | Monroe County Industrial Development Corporation, New York, Revenue Bonds, Saint Ann's Community Project, Series 2019, 5.000%, 1/01/40 | 1/26 at 103.00 | N/R | 1,328,736 | ||
9,265 | Monroe County Industrial Development Corporation, New York, Tax-Exempt Revenue Bonds, Highland Hospital of Rochester Project, Series 2020, 3.000%, 7/01/50 (UB) (4) | 7/30 at 100.00 | A | 9,308,453 | ||
Nassau County Local Economic Assistance Corporation, New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group Project, Series 2014: | ||||||
235 | 5.000%, 7/01/23 | No Opt. Call | A- | 258,317 | ||
300 | 5.000%, 7/01/24 | No Opt. Call | A- | 341,061 | ||
210 | 5.000%, 7/01/26 | 7/24 at 100.00 | A- | 239,251 | ||
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bronx Parking Development Company, LLC Project, Series 2007: | ||||||
3,000 | 5.750%, 10/01/37 (8) | 5/21 at 100.00 | N/R | 2,250,000 | ||
1,000 | 5.880%, 10/01/46 (8) | 5/21 at 100.00 | N/R | 750,000 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
New York City Industrial Development Agency, New York, PILOT Payment in Lieu of Taxes Revenue Bonds, Queens Baseball Stadium Project, Refunding Series 2021A: | ||||||
$ 645 | 3.000%, 1/01/40 – AGM Insured | 1/31 at 100.00 | AA | 682,532 | ||
600 | 3.000%, 1/01/46 – AGM Insured | 1/31 at 100.00 | AA | 621,706 | ||
New York City Industrial Development Agency, New York, PILOT Payment in Lieu of Taxes Revenue Bonds, Yankee Stadium Project, Series 2020A: | ||||||
1,615 | 3.000%, 3/01/39 – AGM Insured (UB) (4) | 9/30 at 100.00 | AA | 1,711,076 | ||
1,155 | 3.000%, 3/01/40 – AGM Insured (UB) (4) | 9/30 at 100.00 | AA | 1,216,665 | ||
8,665 | 4.000%, 3/01/45 | 9/30 at 100.00 | AA | 9,738,854 | ||
9,840 | 4.000%, 3/01/45 – AGM Insured | 9/30 at 100.00 | AA | 11,254,500 | ||
2,635 | 3.000%, 3/01/49 – AGM Insured (UB) (4) | 9/30 at 100.00 | AA | 2,706,277 | ||
1,000 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2017 Series DD, 5.000%, 6/15/47 | 12/26 at 100.00 | AA+ | 1,198,220 | ||
5,000 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2017 Series EE, 5.000%, 6/15/37 | 6/27 at 100.00 | AA+ | 6,055,650 | ||
21,515 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2019 Series DD-2, 5.250%, 6/15/49 | 6/28 at 100.00 | AA+ | 26,506,910 | ||
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2019 Series FF-2: | ||||||
9,760 | 4.000%, 6/15/37 | 6/29 at 100.00 | AA+ | 11,448,675 | ||
10,720 | 4.000%, 6/15/41 | 6/29 at 100.00 | AA+ | 12,443,990 | ||
5,200 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2020 Series CC-1, 4.000%, 6/15/40 | 12/29 at 100.00 | AA+ | 6,101,212 | ||
16,000 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2020 Series EE, 4.000%, 6/15/42 | 6/30 at 100.00 | AA+ | 18,804,640 | ||
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2020 Series GG-1: | ||||||
10,500 | 5.000%, 6/15/48 | 6/30 at 100.00 | AA+ | 13,182,855 | ||
9,375 | 4.000%, 6/15/50 | 6/30 at 100.00 | AA+ | 10,873,406 | ||
19,000 | 5.000%, 6/15/50 | 6/30 at 100.00 | AA+ | 23,854,310 | ||
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2021 Series BB-1: | ||||||
10,125 | 4.000%, 6/15/50 | 12/30 at 100.00 | AA+ | 11,813,129 | ||
17,500 | 5.000%, 6/15/50 | 12/30 at 100.00 | AA+ | 22,192,140 | ||
8,440 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2021 Series BB-2, 4.000%, 6/15/42 | 12/30 at 100.00 | AA+ | 9,992,736 | ||
3,000 | New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 2018 Series Subseries S-4A, 5.000%, 7/15/33 | 7/28 at 100.00 | AA | 3,751,110 | ||
5,000 | New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 2018, Series 2017S-1, 5.000%, 7/15/35 | 7/27 at 100.00 | AA | 6,139,950 | ||
22,000 | New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 2019 Subseries S-3A, 5.000%, 7/15/35 | 7/28 at 100.00 | AA | 27,364,040 | ||
13,000 | New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 2020 Subseries S-1B, 3.000%, 7/15/49 | 7/29 at 100.00 | AA | 13,376,610 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
$ 15,085 | New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal Series 2016S-1, 5.000%, 7/15/43 | 1/26 at 100.00 | AA | 17,713,712 | ||
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2019 Series A-1: | ||||||
12,000 | 5.000%, 8/01/40 | 8/28 at 100.00 | AAA | 14,706,960 | ||
7,220 | 5.000%, 8/01/42 | 8/28 at 100.00 | AAA | 8,806,090 | ||
7,000 | New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2020 Subseries A-3, 3.000%, 5/01/45 | 5/29 at 100.00 | AAA | 7,276,990 | ||
5,000 | New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2021 Subseries C-1, 4.000%, 5/01/39 | 11/30 at 100.00 | AAA | 5,839,300 | ||
New York City Trust for Cultural Resources, New York, Revenue Bonds, Lincoln Center for the Performing Arts, Series 2020A: | ||||||
2,750 | 5.000%, 12/01/32 | 12/30 at 100.00 | A | 3,566,668 | ||
1,600 | 4.000%, 12/01/33 | 12/30 at 100.00 | A | 1,908,624 | ||
1,250 | 4.000%, 12/01/35 | 12/30 at 100.00 | A | 1,476,413 | ||
14,965 | New York City, New York, General Obligation Bonds, Fiscal 2018 Series E-1, 5.000%, 3/01/44 | 3/28 at 100.00 | AA | 18,042,852 | ||
New York City, New York, General Obligation Bonds, Fiscal 2018 Series F-1: | ||||||
7,000 | 5.000%, 4/01/39 | 4/28 at 100.00 | AA | 8,518,020 | ||
9,775 | 5.000%, 4/01/43 | 4/28 at 100.00 | AA | 11,815,825 | ||
5,000 | 5.000%, 4/01/45 | 4/28 at 100.00 | AA | 6,029,900 | ||
New York City, New York, General Obligation Bonds, Fiscal 2019 Series D-1: | ||||||
3,800 | 5.000%, 12/01/40 | 12/28 at 100.00 | AA | 4,683,614 | ||
13,695 | 5.000%, 12/01/44 | 12/28 at 100.00 | AA | 16,768,158 | ||
New York City, New York, General Obligation Bonds, Fiscal 2020 Series A-1: | ||||||
20,890 | 3.000%, 8/01/36 | 8/29 at 100.00 | AA | 22,242,419 | ||
20,000 | 4.000%, 8/01/44 | 8/29 at 100.00 | AA | 22,639,800 | ||
New York City, New York, General Obligation Bonds, Fiscal 2021 Series C: | ||||||
3,830 | 4.000%, 8/01/36 | 8/30 at 100.00 | AA | 4,494,045 | ||
5,145 | 4.000%, 8/01/37 | 8/30 at 100.00 | AA | 6,005,964 | ||
8,100 | 4.000%, 8/01/40 | 8/30 at 100.00 | AA | 9,352,827 | ||
8,590 | 4.000%, 8/01/41 | 8/30 at 100.00 | AA | 9,887,777 | ||
New York City, New York, General Obligation Bonds, Fiscal 2021 Series F-1: | ||||||
3,350 | 3.000%, 3/01/35 | 3/31 at 100.00 | AA | 3,630,776 | ||
4,500 | 5.000%, 3/01/37 | 3/31 at 100.00 | AA | 5,794,315 | ||
3,500 | 5.000%, 3/01/39 | 3/31 at 100.00 | AA | 4,470,671 | ||
4,500 | 4.000%, 3/01/40 | 3/31 at 100.00 | AA | 5,246,344 | ||
15,940 | 3.000%, 3/01/51 | 3/31 at 100.00 | AA | 16,411,461 | ||
25,730 | 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 | 28,104,622 | ||
1,000 | New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 2 Series 2014, 5.150%, 11/15/34, 144A | 11/24 at 100.00 | N/R | 1,115,850 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
$ 6,235 | New York Liberty Development Corporation, New York, Liberty Revenue Bonds, Bank of America Tower at One Bryant Park Project, Second Priority Refunding Series 2019 Class 1, 2.450%, 9/15/69 | 3/29 at 100.00 | Aa2 | 6,403,407 | ||
1,000 | New York Liberty Development Corporation, New York, Liberty Revenue Bonds, Bank of America Tower at One Bryant Park Project, Second Priority Refunding Series 2019 Class 2, 2.625%, 9/15/69 | 3/29 at 100.00 | A2 | 1,009,520 | ||
2,465 | New York Liberty Development Corporation, New York, Liberty Revenue Bonds, Bank of America Tower at One Bryant Park Project, Second Priority Refunding Series 2019 Class 3, 2.800%, 9/15/69 | 3/29 at 100.00 | Baa2 | 2,437,663 | ||
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,: | ||||||
9,015 | 3.000%, 6/15/38 | 6/29 at 100.00 | AAA | 9,724,841 | ||
24,465 | 5.000%, 6/15/42 | 6/27 at 100.00 | AAA | 29,815,985 | ||
15,000 | 5.000%, 6/15/46 | 6/27 at 100.00 | AAA | 18,208,350 | ||
7,820 | 5.000%, 6/15/48 | 6/28 at 100.00 | AAA | 9,619,538 | ||
20,000 | New York State Power Authority, General Revenue Bonds, Series 2020A, 4.000%, 11/15/50 | 5/30 at 100.00 | AA | 23,108,600 | ||
New York State Thruway Authority, General Revenue Junior Indebtedness Obligations, Series 2019B: | ||||||
1,935 | 4.000%, 1/01/41 | 1/30 at 100.00 | A2 | 2,207,951 | ||
21,500 | 4.000%, 1/01/45 | 1/30 at 100.00 | A2 | 24,293,925 | ||
26,835 | 4.000%, 1/01/50 | 1/30 at 100.00 | A2 | 30,167,102 | ||
10,900 | New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, General Purpose, Series 2020C, 3.000%, 3/15/48 | 9/30 at 100.00 | AA+ | 11,284,734 | ||
1,375 | New York Transportation Development Corporation, New York, Facility Revenue Bonds, Thruway Service Areas Project, Series 2021, 4.000%, 10/31/46 (AMT) | 10/31 at 100.00 | BBB- | 1,539,747 | ||
New York Transportation Development Corporation, New York, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A: | ||||||
8,120 | 4.000%, 7/01/37 – AGM Insured (AMT) | 7/24 at 100.00 | AA | 8,813,529 | ||
14,340 | 5.000%, 7/01/46 (AMT) | 7/24 at 100.00 | BBB | 16,033,984 | ||
New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc John F Kennedy International Airport Project, Refunding Series 2016: | ||||||
5,005 | 5.000%, 8/01/26 (AMT) | 8/21 at 100.00 | B | 5,072,568 | ||
12,710 | 5.000%, 8/01/31 (AMT) | 8/21 at 100.00 | B | 12,878,662 | ||
New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc John F Kennedy International Airport Project, Series 2020: | ||||||
4,060 | 5.250%, 8/01/31 (AMT) | 8/30 at 100.00 | B | 4,937,731 | ||
6,425 | 5.375%, 8/01/36 (AMT) | 8/30 at 100.00 | B | 7,727,091 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, Terminal 4 John F Kennedy International Airport Project, Series 2020A: | ||||||
$ 380 | 4.000%, 12/01/39 (AMT) | 12/30 at 100.00 | Baa1 | 428,408 | ||
360 | 4.000%, 12/01/40 (AMT) | 12/30 at 100.00 | Baa1 | 401,411 | ||
New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, Terminal 4 John F Kennedy International Airport Project, Series 2020C: | ||||||
1,505 | 4.000%, 12/01/39 | 12/30 at 100.00 | Baa1 | 1,683,030 | ||
1,200 | 4.000%, 12/01/40 | 12/30 at 100.00 | Baa1 | 1,341,300 | ||
1,160 | 4.000%, 12/01/41 | 12/30 at 100.00 | Baa1 | 1,296,612 | ||
1,620 | 4.000%, 12/01/42 | 12/30 at 100.00 | Baa1 | 1,807,223 | ||
New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta Air Lines, Inc - LaGuardia Airport Terminals C&D Redevelopment Project, Series 2018: | ||||||
5,090 | 5.000%, 1/01/22 (AMT) | No Opt. Call | Baa3 | 5,244,023 | ||
4,500 | 5.000%, 1/01/23 (AMT) | No Opt. Call | Baa3 | 4,811,040 | ||
200 | 5.000%, 1/01/24 (AMT) | No Opt. Call | Baa3 | 221,080 | ||
20,500 | 5.000%, 1/01/32 (AMT) | 1/28 at 100.00 | Baa3 | 24,604,715 | ||
New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta Air Lines, Inc - LaGuardia Airport Terminals C&D Redevelopment Project, Series 2020: | ||||||
6,710 | 4.000%, 10/01/30 (AMT) | No Opt. Call | Baa3 | 7,795,275 | ||
10,440 | 5.000%, 10/01/35 (AMT) | 10/30 at 100.00 | Baa3 | 13,007,614 | ||
5,475 | 5.000%, 10/01/40 (AMT) | 10/30 at 100.00 | Baa3 | 6,718,154 | ||
5,730 | 4.375%, 10/01/45 (AMT) | 10/30 at 100.00 | Baa3 | 6,554,432 | ||
12,355 | Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred Sixteen Series 2019, 4.000%, 9/01/49 | 9/29 at 100.00 | Aa3 | 14,083,341 | ||
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred Twenty-One Series 2020: | ||||||
1,500 | 4.000%, 7/15/40 (AMT) | 7/30 at 100.00 | Aa3 | 1,717,665 | ||
2,000 | 4.000%, 7/15/45 (AMT) | 7/30 at 100.00 | Aa3 | 2,261,160 | ||
5,000 | 4.000%, 7/15/50 (AMT) (UB) (4) | 7/30 at 100.00 | Aa3 | 5,629,950 | ||
15,000 | 4.000%, 7/15/55 (AMT) | 7/30 at 100.00 | Aa3 | 16,770,600 | ||
875 | 4.000%, 7/15/55 (AMT) (UB) (4) | 7/30 at 100.00 | Aa3 | 978,285 | ||
5,485 | 4.000%, 7/15/60 (AMT) (UB) (4) | 7/30 at 100.00 | Aa3 | 6,105,408 | ||
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred Twenty-Third Series 2021: | ||||||
2,780 | 4.000%, 7/15/46 (AMT) | 7/31 at 100.00 | Aa3 | 3,159,651 | ||
7,000 | 4.000%, 7/15/51 (AMT) | 7/31 at 100.00 | Aa3 | 7,938,125 | ||
Suffolk County, New York, General Obligation Bonds, Refunding Series 2017A: | ||||||
3,900 | 5.000%, 2/01/25 – AGM Insured | No Opt. Call | AA | 4,542,252 | ||
5,000 | 5.000%, 2/01/26 – AGM Insured | No Opt. Call | AA | 5,994,850 | ||
3,675 | 5.000%, 2/01/27 – AGM Insured | No Opt. Call | AA | 4,514,921 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
$ 1,360 | 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- | 1,632,993 | ||
Triborough Bridge and Tunnel Authority, New York, General Revenue Bonds, MTA Bridges & Tunnels, Series 2020A: | ||||||
4,055 | 5.000%, 11/15/49 | 11/30 at 100.00 | AA- | 5,056,301 | ||
2,850 | 4.000%, 11/15/54 | 11/30 at 100.00 | AA- | 3,255,014 | ||
Triborough Bridge and Tunnel Authority, New York, General Revenue Bonds, MTA Bridges & Tunnels, Series 2021A: | ||||||
17,000 | 5.000%, 11/15/51 | 5/31 at 100.00 | AA- | 21,354,485 | ||
24,040 | 4.000%, 11/15/56 | 5/31 at 100.00 | AA- | 27,523,139 | ||
7,145 | 5.000%, 11/15/56 | 5/31 at 100.00 | AA- | 8,906,263 | ||
9,905 | TSASC Inc, New York, Tobacco Asset-Backed Bonds, Series 2006, 5.000%, 6/01/48 | 6/27 at 100.00 | N/R | 10,709,484 | ||
8,000 | TSASC Inc, New York, Tobacco Settlement Asset-Backed Bonds, Fiscal 2017 Series A, 5.000%, 6/01/41 | 6/27 at 100.00 | BBB+ | 9,267,760 | ||
5,200 | Westchester County Local Development Corporation, New York, Revenue Bonds, Westchester Medical Center Obligated Group Project, Refunding Series 2016, 5.000%, 11/01/46 | 11/25 at 100.00 | Baa2 | 5,692,284 | ||
1,134,430 | Total New York | 1,306,578,303 | ||||
North Carolina – 0.3% | ||||||
1,000 | North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Refunding Series 1993B, 6.000%, 1/01/22 – FGIC Insured (ETM) | No Opt. Call | Baa2 (7) | 1,043,480 | ||
North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, Southminster Project, Refunding Series 2016: | ||||||
335 | 5.000%, 10/01/31 | 10/24 at 102.00 | N/R | 361,214 | ||
890 | 5.000%, 10/01/37 | 10/24 at 102.00 | N/R | 948,037 | ||
North Carolina Turnpike Authority, Monroe Expressway Toll Revenue Bonds, Series 2017A: | ||||||
1,930 | 5.000%, 7/01/47 | 7/26 at 100.00 | BBB | 2,177,696 | ||
1,005 | 5.000%, 7/01/51 | 7/26 at 100.00 | BBB | 1,131,208 | ||
4,310 | 5.000%, 7/01/54 | 7/26 at 100.00 | BBB | 4,844,483 | ||
Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series 2020A: | ||||||
3,075 | 5.000%, 5/01/30 (AMT) | No Opt. Call | Aa3 | 4,009,400 | ||
2,750 | 5.000%, 5/01/34 (AMT) | 5/30 at 100.00 | Aa3 | 3,519,643 | ||
1,000 | 5.000%, 5/01/35 (AMT) | 5/30 at 100.00 | Aa3 | 1,276,650 | ||
2,710 | 5.000%, 5/01/36 (AMT) | 5/30 at 100.00 | Aa3 | 3,447,391 | ||
19,005 | Total North Carolina | 22,759,202 | ||||
North Dakota – 0.1% | ||||||
2,585 | Burleigh County, North Dakota, Health Care Revenue Bonds, Saint Alexius Medical Center Project, Refunding Series 2012A, 5.000%, 7/01/38 (Pre-refunded 7/01/22) | 7/22 at 100.00 | N/R (7) | 2,728,467 | ||
2,060 | Burleigh County, North Dakota, Multi-County Sales Tax Revenue Bonds, Series 2015A, 3.750%, 11/01/34 – AGM Insured (Pre-refunded 11/01/22) | 11/22 at 100.00 | AA (7) | 2,175,072 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
North Dakota (continued) | ||||||
Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System Obligated Group, Series 2012: | ||||||
$ 2,100 | 4.000%, 12/01/27 | 12/21 at 100.00 | Baa2 | 2,121,483 | ||
3,535 | 5.000%, 12/01/32 | 12/21 at 100.00 | Baa2 | 3,585,303 | ||
10,280 | Total North Dakota | 10,610,325 | ||||
Ohio – 1.5% | ||||||
Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Facilities Revenue Bonds, Summa Health Obligated Group, Refunding Series 2020: | ||||||
380 | 4.000%, 11/15/35 (UB) (4) | 11/30 at 100.00 | A- | 437,099 | ||
780 | 4.000%, 11/15/36 (UB) (4) | 11/30 at 100.00 | A- | 895,175 | ||
2,750 | 3.000%, 11/15/40 (UB) (4) | 11/30 at 100.00 | BBB+ | 2,791,277 | ||
15,000 | Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Capital Appreciation Series 2020B-3 Class 2, 0.000%, 6/01/57 | 6/30 at 22.36 | N/R | 2,270,100 | ||
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1: | ||||||
6,500 | 3.000%, 6/01/48 | 6/30 at 100.00 | BBB+ | 6,588,400 | ||
2,000 | 4.000%, 6/01/48 | 6/30 at 100.00 | BBB+ | 2,231,940 | ||
43,620 | Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2, 5.000%, 6/01/55 | 6/30 at 100.00 | N/R | 49,178,933 | ||
750 | Butler County Port Authority, Ohio, Public Infrastructure Revenue Bonds, Liberty Center Project, Liberty Community Authority, Series 2014C, 6.000%, 12/01/43 | 12/22 at 100.00 | N/R | 757,320 | ||
3,770 | Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2016, 5.000%, 11/15/45 | 11/26 at 100.00 | A | 4,370,599 | ||
525 | Lake County, Ohio, Hospital Facilities Revenue Bonds, Lake Hospital System, Inc, Refunding Series 2008C, 5.625%, 8/15/29 | 5/21 at 100.00 | A- | 526,628 | ||
5,820 | Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series 2011A, 6.000%, 11/15/41 (Pre-refunded 11/15/21) | 11/21 at 100.00 | BBB (7) | 6,027,832 | ||
635 | Middleburg Heights, Ohio, Hospital Facilities Improvement Revenue Bonds, Southwest General Health Center Project, Refunding Series 2020A, 4.000%, 8/01/47 | 8/30 at 100.00 | A2 | 713,194 | ||
1,500 | Middleburg Heights, Ohio, Hospital Facilities Revenue Bonds, Southwest General Health Center Project, Refunding Series 2011, 5.250%, 8/01/41 | 8/21 at 100.00 | A2 | 1,524,975 | ||
250 | Montgomery County, Ohio, Hospital Facilities Revenue Bonds, Kettering Health Network Obligated Group Project, Refunding & Improvement Series 2021, 4.000%, 8/01/41 | 2/31 at 100.00 | A+ | 291,992 | ||
3,700 | Ohio Air Quality Development Authority, Ohio, Air Quality Development Revenue Bonds, FirstEnergy Generation Corporation Project, Series 2009A, 5.700%, 8/01/21 (8) | No Opt. Call | N/R | 4,625 | ||
10,000 | Ohio Air Quality Development Authority, Ohio, Exempt Facilities Revenue Bonds, AMG Vanadium Project, Series 2019, 5.000%, 7/01/49, 144A (AMT) | 7/29 at 100.00 | B- | 11,004,900 | ||
2,500 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23 (8) | No Opt. Call | N/R | 3,125 | ||
1,000 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Power Company Project, Refunding Series 2007B, 2.500%, 11/01/42 (Mandatory Put 10/01/29) (AMT) | No Opt. Call | BBB+ | 1,080,790 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Ohio (continued) | ||||||
$ 1,075 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, Pratt Paper Ohio, LLC Project, Series 2017, 4.250%, 1/15/38, 144A (AMT) | 1/28 at 100.00 | N/R | 1,189,466 | ||
3,495 | Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Refunding Series 2016A, 5.000%, 1/15/46 | 1/26 at 100.00 | A | 3,980,980 | ||
7,235 | Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Series 2020A, 5.000%, 1/15/50 | 1/30 at 100.00 | A | 8,879,081 | ||
1,500 | Ohio Water Development Authority, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generating Corporation Project, Refunding Series 2005B, 4.000%, 1/01/34 (8) | No Opt. Call | N/R | 1,875 | ||
700 | Ohio Water Development Authority, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generating Corporation Project, Refunding Series 2008B, 3.625%, 10/01/33 (8) | No Opt. Call | N/R | 875 | ||
7,625 | Ohio Water Development Authority, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generating Corporation Project, Refunding Series 2008C, 3.950%, 11/01/32 (8) | No Opt. Call | N/R | 9,531 | ||
Southeastern Ohio Port Authority, Hosptial Facilities Revenue Bonds, Memorial Health System Obligated Group Project, Refunding and Improvement Series 2012: | ||||||
525 | 5.000%, 12/01/22 | No Opt. Call | BB- | 547,097 | ||
3,000 | 5.750%, 12/01/32 | 12/22 at 100.00 | BB- | 3,162,630 | ||
2,000 | 6.000%, 12/01/42 | 12/22 at 100.00 | BB- | 2,061,500 | ||
Wood County, Ohio, Hospital Facilities Refunding and Improvement Revenue Bonds, Wood County Hospital Project, Series 2012: | ||||||
2,000 | 5.000%, 12/01/27 | 12/22 at 100.00 | Ba3 | 2,060,020 | ||
2,710 | 5.000%, 12/01/32 | 12/22 at 100.00 | Ba3 | 2,762,926 | ||
Wood County, Ohio, Hospital Facilities Revenue Bonds, Wood County Hospital Project, Refunding and Improvement Series 2012: | ||||||
1,330 | 5.000%, 12/01/27 (Pre-refunded 12/01/22) (WI/DD, Settling 8/04/21) | 12/22 at 100.00 | N/R (7) | 1,351,633 | ||
670 | 5.000%, 12/01/27 (WI/DD, Settling 8/04/21) | 12/22 at 100.00 | N/R | 680,898 | ||
135,345 | Total Ohio | 117,387,416 | ||||
Oklahoma – 0.4% | ||||||
1,470 | Oklahoma City Airport Trust, Oklahoma, Revenue Bonds, Thirty-Third Series 2018, 5.000%, 7/01/47 (AMT) | 7/28 at 100.00 | A1 | 1,713,065 | ||
Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B: | ||||||
2,475 | 5.500%, 8/15/52 | 8/28 at 100.00 | Baa3 | 3,006,011 | ||
11,720 | 5.500%, 8/15/57 | 8/28 at 100.00 | Baa3 | 14,202,530 | ||
2,500 | Oklahoma Development Finance Authority, Revenue Bonds, Provident Oklahoma Education Resources Inc- Cross Village Student Housing Project, Series 2017, 5.000%, 8/01/52 (8) | 8/27 at 100.00 | N/R | 1,787,500 | ||
9,090 | Tulsa Municipal Airport Trust, Oklahoma, Revenue Bonds, American Airlines Inc, Refunding Series 2015, 5.000%, 6/01/35 (Mandatory Put 6/01/25) (AMT) | 6/25 at 100.00 | B- | 10,047,632 | ||
27,255 | Total Oklahoma | 30,756,738 | ||||
Oregon – 0.2% | ||||||
8,500 | Deschutes County Hospital Facility Authority, Oregon, Hospital Revenue Bonds, Saint Charles Health System, Inc, Series 2016A, 5.000%, 1/01/48 | 1/26 at 100.00 | A+ | 9,587,915 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oregon (continued) | ||||||
Multnomah County Hospital Facilities Authority, Oregon, Revenue Bonds, Mirabella South Waterfront, Refunding Series 2014A: | ||||||
$ 1,855 | 5.400%, 10/01/44 | 10/24 at 100.00 | N/R | 1,983,626 | ||
1,600 | 5.500%, 10/01/49 | 10/24 at 100.00 | N/R | 1,708,560 | ||
1,000 | Oregon Facilities Authority, Revenue Bonds, Samaritan Health Services Project, Refunding Series 2020A, 5.000%, 10/01/40 | 10/30 at 100.00 | BBB+ | 1,235,180 | ||
270 | Oregon Housing and Community Services Department, Multifamily Housing Revenue Bonds, Refunding Series 2010A, 5.150%, 7/01/42 (AMT) | 4/21 at 100.00 | Aaa | 270,362 | ||
13,225 | Total Oregon | 14,785,643 | ||||
Pennsylvania – 3.4% | ||||||
315 | Allegheny Country Industrial Development Authority, Pennsylvania, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Series 2012, 5.750%, 8/01/42 (AMT) | 8/22 at 100.00 | B- | 326,463 | ||
1,125 | Allegheny County Higher Education Building Authority, Pennsylvania, Revenue Bonds, Carlow University, Series 2011, 6.750%, 11/01/31 (Pre-refunded 11/01/21) | 11/21 at 100.00 | N/R (7) | 1,167,041 | ||
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, University of Pittsburgh Medical Center, Series 2019A: | ||||||
4,540 | 4.000%, 7/15/38 | 7/29 at 100.00 | A | 5,294,094 | ||
2,555 | 4.000%, 7/15/39 | 7/29 at 100.00 | A | 2,971,567 | ||
1,070 | Allegheny County Industrial Development Authority, Pennsylvania, Environmental Improvement Revenue Bonds, United States Steel Corp, Refunding Series 2019, 4.875%, 11/01/24 | No Opt. Call | B- | 1,145,028 | ||
Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, City Center Project, Series 2018: | ||||||
380 | 5.000%, 5/01/23, 144A | No Opt. Call | Baa3 | 408,614 | ||
300 | 5.000%, 5/01/42, 144A | 5/28 at 100.00 | Baa3 | 352,371 | ||
Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, City Center Project, Subordinate Lien, Series 2018: | ||||||
6,215 | 5.000%, 5/01/28, 144A | No Opt. Call | N/R | 7,402,749 | ||
1,580 | 5.375%, 5/01/42, 144A | 5/28 at 100.00 | N/R | 1,839,357 | ||
2,000 | Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, City Center Refunding Project, Series 2017, 5.000%, 5/01/42, 144A | 5/27 at 100.00 | Baa3 | 2,295,800 | ||
Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A: | ||||||
5,800 | 4.375%, 1/01/35 (Mandatory Put 7/01/22) | No Opt. Call | N/R | 5,974,000 | ||
455 | 3.500%, 4/01/41 (8) | No Opt. Call | N/R | 569 | ||
3,750 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2005A, 4.000%, 1/01/35 (8) | No Opt. Call | N/R | 4,688 | ||
2,000 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35 (8) | No Opt. Call | N/R | 2,500 | ||
2,270 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Generation Project, Series 2008B, 4.250%, 10/01/47 (Mandatory Put 4/01/21) | No Opt. Call | N/R | 2,338,100 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
$ 8,775 | Bucks County Industrial Development Authority, Pennsylvania, Hospital Revenue Bonds, Saint Luke's University Health Network Project, Series 2021, 3.000%, 8/15/53 | 8/30 at 100.00 | A- | 8,938,172 | ||
Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Diakon Lutheran Social Ministries Project, Series 2015: | ||||||
150 | 5.000%, 1/01/38 (Pre-refunded 1/01/25) | 1/25 at 100.00 | N/R (7) | 174,607 | ||
1,395 | 5.000%, 1/01/38 | 1/25 at 100.00 | BBB+ | 1,529,678 | ||
Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Bridge System Revenue Bonds, Refunding Series 2019B: | ||||||
1,100 | 5.000%, 7/01/31 | 7/29 at 100.00 | A1 | 1,419,110 | ||
1,015 | 5.000%, 7/01/32 | 7/29 at 100.00 | A1 | 1,304,295 | ||
1,000 | Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Bridge System Revenue Bonds, Series 2019A, 5.000%, 7/01/44 | 7/29 at 100.00 | A1 | 1,234,610 | ||
3,790 | Erie Water Authority, Erie County, Pennsylvania, Water Revenue Bonds, Refunding Series 2016, 5.000%, 12/01/43 | 12/26 at 100.00 | A2 | 4,535,152 | ||
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, Thomas Jefferson University, Series 2018A: | ||||||
4,000 | 4.000%, 9/01/36 (UB) (4) | 9/28 at 100.00 | A | 4,545,080 | ||
2,185 | 5.000%, 9/01/43 | 9/28 at 100.00 | A | 2,597,572 | ||
5,445 | 5.000%, 9/01/48 | 9/28 at 100.00 | A | 6,430,872 | ||
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, Thomas Jefferson University, Series 2019: | ||||||
1,000 | 4.000%, 9/01/37 (UB) (4) | 9/29 at 100.00 | A | 1,149,480 | ||
2,240 | 4.000%, 9/01/44 | 9/29 at 100.00 | A | 2,510,480 | ||
Montgomery County Industrial Development Authority, Pennsylvania, Health System Revenue Bonds, Albert Einstein Healthcare Network Issue, Series 2015A: | ||||||
1,860 | 5.250%, 1/15/45 | 1/25 at 100.00 | Ba1 | 2,059,671 | ||
1,310 | 5.250%, 1/15/46 | 1/25 at 100.00 | Ba1 | 1,450,118 | ||
2,410 | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, KDC Agribusiness Fairless Hills LLC Project, Series 2020A-1, 10.000%, 12/01/40, 144A | 6/30 at 100.00 | N/R | 2,574,627 | ||
2,410 | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, KDC Agribusiness Fairless Hills LLC Project, Series 2020A-2, 10.000%, 12/01/40, 144A (AMT) | 6/30 at 100.00 | N/R | 2,574,627 | ||
1,650 | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, National Gypsum Company, Refunding Series 2014, 5.500%, 11/01/44 (AMT) | 11/24 at 100.00 | N/R | 1,712,634 | ||
2,500 | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Refunding Bonds, PPL Energy Supply, LLC Project, Series 2009A, 6.400%, 12/01/38 | 9/25 at 100.00 | B | 2,218,850 | ||
4,500 | Pennsylvania Economic Development Financing Authority, Governmental Lease Revenue Bonds, Forum Place Project, Series 2012, 5.000%, 3/01/34 (Pre-refunded 3/01/22) | 3/22 at 100.00 | A (7) | 4,697,820 | ||
Pennsylvania Economic Development Financing Authority, Private Activity Revenue Bonds, Pennsylvania Rapid Bridge Replacement Project, Series 2015: | ||||||
10,395 | 5.000%, 12/31/38 (AMT) | 6/26 at 100.00 | BBB | 12,046,142 | ||
3,750 | 5.000%, 6/30/42 (AMT) | 6/26 at 100.00 | BBB | 4,320,000 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
$ 3,865 | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, LaSalle University, Series 2012, 5.000%, 5/01/37 | 11/22 at 100.00 | BB+ | 3,961,782 | ||
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, University of Pennsylvania Health System, Series 2019: | ||||||
1,000 | 4.000%, 8/15/34 | 8/29 at 100.00 | AA | 1,188,590 | ||
1,000 | 4.000%, 8/15/35 | 8/29 at 100.00 | AA | 1,185,350 | ||
1,500 | 4.000%, 8/15/36 | 8/29 at 100.00 | AA | 1,771,905 | ||
2,000 | 4.000%, 8/15/37 | 8/29 at 100.00 | AA | 2,354,900 | ||
4,225 | 4.000%, 8/15/38 | 8/29 at 100.00 | AA | 4,960,741 | ||
2,495 | 4.000%, 8/15/39 | 8/29 at 100.00 | AA | 2,921,919 | ||
3,345 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2014C, 5.000%, 12/01/39 | 12/24 at 100.00 | A+ | 3,834,942 | ||
7,405 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2015A-1, 5.000%, 12/01/45 | 6/25 at 100.00 | A+ | 8,527,228 | ||
15,000 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2009C, 6.250%, 6/01/33 – AGM Insured | 6/26 at 100.00 | AA | 18,907,350 | ||
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2017B-1: | ||||||
3,180 | 5.000%, 6/01/42 | 6/27 at 100.00 | A3 | 3,751,987 | ||
4,540 | 5.250%, 6/01/47 | 6/27 at 100.00 | A3 | 5,546,881 | ||
29,000 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2019A, 5.000%, 12/01/44 | 12/29 at 100.00 | A3 | 35,409,581 | ||
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2021A: | ||||||
1,500 | 3.000%, 12/01/42 | 12/30 at 100.00 | A | 1,563,153 | ||
1,700 | 4.000%, 12/01/44 | 12/30 at 100.00 | A | 1,962,721 | ||
1,000 | 4.000%, 12/01/46 | 12/30 at 100.00 | A | 1,150,962 | ||
1,590 | 4.000%, 12/01/50 | 12/30 at 100.00 | A | 1,821,980 | ||
Philadelphia Authority for Industrial Development, Pennsylvania, City Service Agreement Revenue Bonds, Series 2018: | ||||||
2,500 | 5.000%, 5/01/36 | 5/28 at 100.00 | A | 3,071,100 | ||
2,250 | 5.000%, 5/01/37 | 5/28 at 100.00 | A | 2,755,957 | ||
2,230 | Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Mariana Bracetti Academy Project, Series 2020A, 5.375%, 6/15/50, 144A | 12/27 at 100.00 | N/R | 2,360,700 | ||
Philadelphia Gas Works, Pennsylvania, Revenue Bonds, 1998 General Ordinance, Refunding Sixteenth Series 2020B: | ||||||
1,265 | 4.000%, 8/01/36 – AGM Insured | 8/30 at 100.00 | AA | 1,480,796 | ||
1,615 | 4.000%, 8/01/37 – AGM Insured | 8/30 at 100.00 | AA | 1,883,768 | ||
1,500 | 4.000%, 8/01/39 – AGM Insured | 8/30 at 100.00 | AA | 1,737,885 | ||
1,750 | 4.000%, 8/01/40 – AGM Insured | 8/30 at 100.00 | AA | 2,022,282 | ||
Philadelphia Gas Works, Pennsylvania, Revenue Bonds, 1998 General Ordinance, Sixteenth Series 2020A: | ||||||
4,525 | 4.000%, 8/01/45 – AGM Insured | 8/30 at 100.00 | AA | 5,179,089 | ||
3,365 | 5.000%, 8/01/50 – AGM Insured | 8/30 at 100.00 | AA | 4,170,446 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital Revenue Bonds, Temple University Health System Obligated Group, Series of 2017: | ||||||
$ 8,865 | 5.000%, 7/01/31 | 7/27 at 100.00 | BBB- | 10,327,548 | ||
1,930 | 5.000%, 7/01/32 | 7/27 at 100.00 | BBB- | 2,241,521 | ||
5,400 | 5.000%, 7/01/34 | 7/27 at 100.00 | BBB- | 6,236,244 | ||
4,000 | Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2017B, 5.000%, 7/01/34 (AMT) | 7/27 at 100.00 | A2 | 4,752,360 | ||
8,875 | Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Refunding Series 2012, 5.000%, 11/01/28 (Pre-refunded 11/01/22) | 11/22 at 100.00 | A+ (7) | 9,549,145 | ||
2,400 | Pittsburgh and Allegheny County Sports and Exhibition Authority, Pennsylvania, Hotel Room Excise Tax Revenue Bonds, Refunding Series 2010, 5.000%, 2/01/30 – AGM Insured | 5/21 at 100.00 | AA | 2,405,712 | ||
3,000 | Southeastern Pennsylvania Transportation Authority, Capital Grant Receipts Bonds, Federal Transit Administration Section 5309 Fixed Guideway Modernization Formula Funds, Series 2011, 5.000%, 6/01/28 (Pre-refunded 6/01/21) | 6/21 at 100.00 | AA- (7) | 3,022,710 | ||
237,050 | Total Pennsylvania | 265,565,773 | ||||
Puerto Rico – 2.3% | ||||||
23,075 | Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Refunding Senior Lien Series 2020A, 5.000%, 7/01/47, 144A | 7/30 at 100.00 | N/R | 26,739,079 | ||
4,850 | Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2008A, 6.125%, 7/01/24 | No Opt. Call | CCC | 5,310,508 | ||
Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A: | ||||||
6,885 | 5.000%, 7/01/21 | No Opt. Call | CCC | 6,972,095 | ||
6,635 | 5.000%, 7/01/22 | No Opt. Call | CCC | 6,978,229 | ||
6,580 | 5.250%, 7/01/24 | 7/22 at 100.00 | CCC | 6,941,900 | ||
13,225 | 5.000%, 7/01/33 | 7/22 at 100.00 | CCC | 13,908,600 | ||
8,000 | 5.125%, 7/01/37 | 7/22 at 100.00 | CCC | 8,426,160 | ||
17,780 | 5.750%, 7/01/37 | 7/22 at 100.00 | CCC | 18,874,359 | ||
5,270 | 5.250%, 7/01/42 | 7/22 at 100.00 | CCC | 5,559,850 | ||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1: | ||||||
6,968 | 4.500%, 7/01/34 | 7/25 at 100.00 | N/R | 7,534,080 | ||
68,780 | 0.000%, 7/01/46 | 7/28 at 41.38 | N/R | 21,075,568 | ||
39,000 | 0.000%, 7/01/51 | 7/28 at 30.01 | N/R | 8,632,650 | ||
3,129 | 4.750%, 7/01/53 | 7/28 at 100.00 | N/R | 3,405,617 | ||
31,279 | 5.000%, 7/01/58 | 7/28 at 100.00 | N/R | 34,522,007 | ||
1,000 | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured Cofina Project Series 2019A-2A, 4.550%, 7/01/40 | 7/28 at 100.00 | N/R | 1,086,300 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Puerto Rico (continued) | ||||||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2: | ||||||
$ 3,000 | 4.329%, 7/01/40 | 7/28 at 100.00 | N/R | 3,216,660 | ||
2,000 | 4.329%, 7/01/40 | 7/28 at 100.00 | N/R | 2,144,440 | ||
247,456 | Total Puerto Rico | 181,328,102 | ||||
South Carolina – 0.9% | ||||||
3,330 | Columbia, South Carolina, Stormwater System Revenue Bonds, City Stormwater Improvements, Green Series 2018, 5.000%, 2/01/48 | 2/28 at 100.00 | AA+ | 4,055,274 | ||
10,000 | Patriots Energy Group Financing Agency, South Carolina, Gas Supply Revenue Bonds, Series 2018A, 4.000%, 10/01/48 (Mandatory Put 2/01/24) | 11/23 at 100.30 | Aa2 | 10,918,600 | ||
2,500 | South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, McLeod Health Projects, Refunding & Improvement Series 2018, 5.000%, 11/01/48 | 5/28 at 100.00 | AA | 2,940,525 | ||
3,000 | South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Prisma Health Obligated Group, Series 2018A, 5.000%, 5/01/48 | 5/28 at 100.00 | A | 3,532,620 | ||
5,000 | South Carolina Public Service Authority Santee Cooper Revenue Obligations, Refunding Series 2016B, 5.000%, 12/01/56 | 12/26 at 100.00 | A | 5,927,750 | ||
7,140 | South Carolina Public Service Authority, Electric System Revenue Bonds, Santee Cooper, Refunding Series 2012D, 5.000%, 12/01/43 (Pre-refunded 6/01/22) | 6/22 at 100.00 | A (7) | 7,539,626 | ||
7,500 | South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding & Improvement Series 2020A, 4.000%, 12/01/42 (UB) (4) | 12/30 at 100.00 | A | 8,713,650 | ||
2,385 | South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2014B, 5.000%, 12/01/31 | 6/24 at 100.00 | A | 2,681,980 | ||
2,165 | South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2016A, 5.000%, 12/01/31 | 6/26 at 100.00 | A | 2,595,186 | ||
2,000 | South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2013A, 5.500%, 12/01/33 | 12/23 at 100.00 | A | 2,242,920 | ||
4,520 | South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2013E, 5.000%, 12/01/48 | 12/23 at 100.00 | A | 5,009,109 | ||
South Carolina State Ports Authority, Revenue Bonds, Series 2018: | ||||||
4,860 | 5.000%, 7/01/31 (AMT) | 7/28 at 100.00 | A+ | 6,000,593 | ||
3,760 | 5.000%, 7/01/32 (AMT) | 7/28 at 100.00 | A+ | 4,634,802 | ||
4,000 | South Carolina Transportation Infrastructure Bank, Revenue Bonds, Refunding Series 2016A, 3.000%, 10/01/36 | 10/25 at 100.00 | Aa3 | 4,203,600 | ||
2,500 | Spartanburg Regional Health Services District, Inc, South Carolina, Hosptial Revenue Bonds, Series 2020A, 4.000%, 4/15/45 – AGM Insured | 4/30 at 100.00 | AA | 2,819,525 | ||
64,660 | Total South Carolina | 73,815,760 | ||||
South Dakota – 0.2% | ||||||
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Monument Health, Inc, Series 2020A: | ||||||
5,710 | 3.000%, 9/01/45 (UB) (4) | 9/30 at 100.00 | AA- | 5,821,859 | ||
4,800 | 4.000%, 9/01/50 (UB) (4) | 9/30 at 100.00 | AA- | 5,360,400 | ||
910 | South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, Series 2015, 5.000%, 11/01/45 | 11/25 at 100.00 | A+ | 1,051,414 | ||
11,420 | Total South Dakota | 12,233,673 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tennessee – 5.6% | ||||||
$ 1,000 | Blount County Health and Educational Facilites Board, Tennessee, Revenue Refunding Bonds, Asbury, Inc, Series 2016A, 5.000%, 1/01/37 | 1/25 at 102.00 | N/R | 785,170 | ||
2,920 | Blount County, Tennessee, General Obligation Bonds, Refunding Series 2016B, 5.000%, 6/01/33 | 6/26 at 100.00 | AA+ | 3,516,322 | ||
2,500 | Bristol Industrial Development Board, Tennessee, Tax Increment Revenue Bonds, Pinnacle Project, Series 2016, 5.625%, 6/01/35 | 6/26 at 100.00 | N/R | 2,626,775 | ||
Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds, Catholic Health Initiatives, Series 2013A: | ||||||
1,500 | 5.000%, 1/01/33 (Pre-refunded 1/01/23) | 1/23 at 100.00 | BBB+ (7) | 1,622,715 | ||
1,000 | 5.250%, 1/01/45 (Pre-refunded 1/01/23) | 1/23 at 100.00 | BBB+ (7) | 1,086,140 | ||
Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds, CommonSpirit Health, Series 2019A-2: | ||||||
100 | 5.000%, 8/01/31 | 8/29 at 100.00 | BBB+ | 126,540 | ||
100 | 5.000%, 8/01/32 | 8/29 at 100.00 | BBB+ | 126,039 | ||
105 | 5.000%, 8/01/33 | 8/29 at 100.00 | BBB+ | 131,825 | ||
100 | 5.000%, 8/01/35 | 8/29 at 100.00 | BBB+ | 124,815 | ||
100 | 5.000%, 8/01/37 | 8/29 at 100.00 | BBB+ | 123,832 | ||
835 | 5.000%, 8/01/44 | 8/29 at 100.00 | BBB+ | 1,013,189 | ||
2,310 | 5.000%, 8/01/49 | 8/29 at 100.00 | BBB+ | 2,782,025 | ||
Chattanooga, Tennessee, Electric System Enterprise Revenue Bonds, Series 2015A: | ||||||
500 | 5.000%, 9/01/31 | 9/25 at 100.00 | AA+ | 589,615 | ||
1,750 | 5.000%, 9/01/32 | 9/25 at 100.00 | AA+ | 2,062,812 | ||
Chattanooga-Hamilton County Hospital Authority, Tennessee, Hospital Revenue Bonds, Erlanger Health System, Refunding Series 2014A: | ||||||
500 | 5.000%, 10/01/34 | 10/24 at 100.00 | BBB | 547,175 | ||
1,575 | 5.000%, 10/01/44 | 10/24 at 100.00 | BBB | 1,699,882 | ||
8,775 | Clarksville Natural Gas Acquisition Corporation, Tennessee, Natural Gas Revenue Bonds, Series 2006, 5.000%, 12/15/21 – SYNCORA GTY Insured | No Opt. Call | A+ | 9,059,749 | ||
665 | Clarksville, Tennessee, Electric System Revenue Bonds, Refunding Series 2015, 5.000%, 9/01/27 | 9/24 at 100.00 | Aa2 | 761,292 | ||
510 | DeKalb Utility District, DeKalb County, Tennessee, Waterworks Revenue Bonds, Refunding Series 2017, 3.500%, 4/01/42 | 4/26 at 100.00 | A | 552,070 | ||
900 | Franklin County Health and Educational Facilities Board, Tennessee, Revenue Bonds, University of the South, Refunding & Improvement Series 2014, 5.000%, 9/01/29 | 9/22 at 100.00 | A+ | 957,753 | ||
Franklin Special School District, Williamson County, Tennessee, General Obligation Bonds, School Improvement Series 2019: | ||||||
1,000 | 5.000%, 6/01/37 | 6/29 at 100.00 | Aa1 | 1,263,790 | ||
1,000 | 5.000%, 6/01/38 | 6/29 at 100.00 | Aa1 | 1,260,410 | ||
Gallatin, Tennessee, Water and Sewer Revenue Bonds, Refunding & Improvement Series 2015: | ||||||
1,655 | 5.000%, 1/01/31 | 1/25 at 100.00 | AA | 1,892,294 | ||
1,270 | 5.000%, 1/01/38 | 1/25 at 100.00 | AA | 1,442,047 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tennessee (continued) | ||||||
Greeneville Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds, Ballad Health, Series 2018A: | ||||||
$ 5,000 | 5.000%, 7/01/31 | 7/23 at 100.00 | A | 5,392,350 | ||
4,860 | 5.000%, 7/01/32 | 7/23 at 100.00 | A | 5,241,364 | ||
1,660 | 5.000%, 7/01/33 | 7/23 at 100.00 | A | 1,790,260 | ||
6,500 | 5.000%, 7/01/34 | 7/23 at 100.00 | A | 7,010,055 | ||
2,000 | 5.000%, 7/01/36 | 7/28 at 100.00 | A | 2,402,120 | ||
2,395 | 5.000%, 7/01/37 | 7/28 at 100.00 | A | 2,868,348 | ||
1,375 | Hallsdale-Powell Utility District, Knox County, Tennessee, Water and Sewer Revenue Bonds, Refunding & Improvement Series 2019, 4.000%, 4/01/39 | 4/29 at 100.00 | AA | 1,597,337 | ||
Hallsdale-Powell Utility District, Knox County, Tennessee, Water and Sewer Revenue Bonds, Refunding Series 2018: | ||||||
1,000 | 4.000%, 4/01/35 | 4/26 at 100.00 | AA | 1,134,520 | ||
1,415 | 4.000%, 4/01/38 | 4/26 at 100.00 | AA | 1,575,999 | ||
1,500 | Harpeth Valley Utilities District, Davidson and Williamson Counties, Tennessee, Utilities Revenue Bonds, Refunding Series 2015, 5.000%, 9/01/25 | No Opt. Call | AA+ | 1,791,825 | ||
Harpeth Valley Utilities District, Davidson and Williamson Counties, Tennessee, Utilities Revenue Bonds, Refunding Series 2016: | ||||||
2,870 | 5.000%, 9/01/34 | 9/25 at 100.00 | AA+ | 3,362,980 | ||
4,785 | 5.000%, 9/01/42 | 9/25 at 100.00 | AA+ | 5,608,211 | ||
6,000 | Harpeth Valley Utilities District, Davidson and Williamson Counties, Tennessee, Utilities Revenue Bonds, Series 2014, 5.000%, 9/01/44 | 9/24 at 100.00 | AA+ | 6,859,860 | ||
Harpeth Valley Utilities District, Davidson and Williamson Counties, Tennessee, Utilities Revenue Bonds, Series 2020: | ||||||
1,425 | 4.000%, 9/01/40 (UB) (4) | 9/29 at 100.00 | AA+ | 1,667,022 | ||
3,385 | 4.000%, 9/01/45 (UB) (4) | 9/29 at 100.00 | AA+ | 3,911,503 | ||
2,950 | 4.000%, 9/01/50 (UB) (4) | 9/29 at 100.00 | AA+ | 3,391,290 | ||
5,225 | Hendersonville Industrial Development Board, Tennessee, Multifamily Housing Revenue Bonds, Hickory Pointe Poject, Series 2010, 4.875%, 12/01/25 | No Opt. Call | AA+ | 6,122,132 | ||
670 | Jackson Energy Authority, Tennessee, Gas System Revenue Bonds, Refunding & Improvement Series 2015, 5.000%, 6/01/28 | 6/25 at 100.00 | Aa2 | 783,605 | ||
Jackson Energy Authority, Tennessee, Water System Revenue Bonds, Series 2012: | ||||||
270 | 5.000%, 12/01/24 | No Opt. Call | Aa3 | 314,404 | ||
140 | 5.000%, 12/01/25 | No Opt. Call | Aa3 | 168,020 | ||
175 | 5.000%, 12/01/26 | No Opt. Call | Aa3 | 215,621 | ||
3,825 | Jackson, Tennessee, Hospital Revenue Bonds, Jackson-Madison County General Hospital Project, Refunding 2015, 5.000%, 4/01/36 | 4/25 at 100.00 | A | 4,299,338 | ||
2,885 | Jackson, Tennessee, Hospital Revenue Bonds, Jackson-Madison County General Hospital Project, Series 2018A, 5.000%, 4/01/41 | 10/28 at 100.00 | A | 3,476,367 | ||
Johnson City Energy Authority, Tennessee, Electric System Revenue Bonds, Series 2017: | ||||||
1,000 | 5.000%, 5/01/28 | 5/27 at 100.00 | Aa2 | 1,243,870 | ||
1,000 | 5.000%, 5/01/29 | 5/27 at 100.00 | Aa2 | 1,237,780 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tennessee (continued) | ||||||
$ 1,000 | Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds, Mountain States Health Alliance, Series 2012A, 5.000%, 8/15/42 | 8/22 at 100.00 | A | 1,049,540 | ||
Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue Refunding and Improvement Bonds, Johnson City Medical Center, Series 1998C: | ||||||
150 | 5.125%, 7/01/25 – NPFG Insured (Pre-refunded 7/01/23) | 7/23 at 100.00 | N/R (7) | 152,357 | ||
2,735 | 5.125%, 7/01/25 – NPFG Insured (ETM) | 5/21 at 100.00 | Baa2 (7) | 2,950,436 | ||
9,570 | 5.250%, 7/01/28 – NPFG Insured (ETM) | 5/21 at 100.00 | Baa2 (7) | 10,332,633 | ||
1,330 | Kingsport Industrial Development Board, Tennessee, Multifamily Housing Revenue Bonds, Model City Apartments Project, Series 2009, 5.000%, 7/20/29 | 4/21 at 100.00 | N/R | 1,330,958 | ||
4,000 | Knox County Health, Educational and Housing Facilities Board, Tennessee, Revenue Bonds, University Health System, Inc, Series 2016, 5.000%, 9/01/47 | 9/26 at 100.00 | BBB | 4,515,360 | ||
Knox County Health, Educational and Housing Facilities Board, Tennessee, Revenue Bonds, University Health System, Inc, Series 2017: | ||||||
2,000 | 4.000%, 4/01/36 | 4/27 at 100.00 | BBB | 2,154,360 | ||
310 | 5.000%, 4/01/36 | 4/27 at 100.00 | BBB | 359,966 | ||
Knox County Health, Educational and Housing Facility Board, Tennessee, Hospital Revenue Bonds, Covenant Health, Refunding Series 2016A: | ||||||
2,955 | 5.000%, 1/01/36 | 1/27 at 100.00 | A+ | 3,472,155 | ||
5,815 | 5.000%, 1/01/47 | 1/27 at 100.00 | A+ | 6,717,721 | ||
Knox County Health, Educational and Housing Facility Board, Tennessee, Hospital Revenue Bonds, East Tennessee Children's Hospital, Series 2019: | ||||||
3,030 | 5.000%, 11/15/37 | 2/29 at 100.00 | A | 3,670,360 | ||
7,500 | 4.000%, 11/15/43 | 2/29 at 100.00 | A | 8,333,625 | ||
1,315 | Knox-Chapman Utility District of Knox County, Tennessee, Water and Sewer Revenue Bonds, Refunding and Improvement Series 2015, 5.000%, 1/01/31 | 1/25 at 100.00 | AA- | 1,503,545 | ||
Knox-Chapman Utility District of Knox County, Tennessee, Water and Sewer Revenue Bonds, Refunding and Improvement Series 2017: | ||||||
1,475 | 4.000%, 1/01/32 | 1/26 at 100.00 | AA- | 1,674,390 | ||
1,000 | 4.000%, 1/01/35 | 1/26 at 100.00 | AA- | 1,123,930 | ||
Loudon, Tennessee, Water and Sewer Revenue Refunding Bonds, Series 2012A: | ||||||
485 | 4.000%, 3/01/22 (AMT) (ETM) | No Opt. Call | A+ (7) | 501,034 | ||
1,000 | 4.000%, 3/01/28 (Pre-refunded 3/01/22) (AMT) | 3/22 at 100.00 | A+ (7) | 1,033,060 | ||
2,000 | 5.000%, 3/01/32 (Pre-refunded 3/01/22) (AMT) | 3/22 at 100.00 | A+ (7) | 2,084,180 | ||
1,355 | McMinnville-Warren County Industrial Development Board, Tennessee, Multifamily Housing Revenue Bonds, Beersheba Heights Towers, Series 2009, 5.500%, 11/20/39 | 4/21 at 100.00 | N/R | 1,374,295 | ||
6,000 | Memphis & Shelby County Economic Development Growth Engine Industrial Development Board, Tennessee, Tourism Development Zone Revenue Bonds, Refunding Series 2017B, 5.000%, 11/01/30 | 11/26 at 100.00 | AA | 7,274,160 | ||
4,730 | Memphis, Tennessee, Electric System Revenue Bonds, Memphis Light , Gas and Water Division Series 2020A, 4.000%, 12/01/50 | 12/30 at 100.00 | Aa2 | 5,531,593 | ||
3,270 | Memphis, Tennessee, Gas System Revenue Bonds, Memphis Light, Gas & Water Division, Series 2020, 4.000%, 12/01/50 | 12/30 at 100.00 | Aa1 | 3,824,167 | ||
1,400 | Memphis, Tennessee, Gas System Revenue Bonds, Series 2017, 5.000%, 12/01/31 | 12/27 at 100.00 | Aa1 | 1,746,192 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tennessee (continued) | ||||||
$ 4,000 | Memphis, Tennessee, General Obligation Bonds, Refunding General Improvement Series 2011, 5.000%, 5/01/36 | 5/21 at 100.00 | AA | 4,013,360 | ||
Memphis, Tennessee, Sanitary Sewerage System Revenue Bonds, Refunding Series 2020B: | ||||||
1,000 | 5.000%, 10/01/35 (UB) (4) | 10/30 at 100.00 | AA+ | 1,314,020 | ||
1,420 | 5.000%, 10/01/36 (UB) (4) | 10/30 at 100.00 | AA+ | 1,858,894 | ||
1,500 | 5.000%, 10/01/37 (UB) (4) | 10/30 at 100.00 | AA+ | 1,956,915 | ||
2,250 | 5.000%, 10/01/38 (UB) (4) | 10/30 at 100.00 | AA+ | 2,926,372 | ||
2,560 | 5.000%, 10/01/39 (UB) (4) | 10/30 at 100.00 | AA+ | 3,320,525 | ||
2,120 | 5.000%, 10/01/40 (UB) (4) | 10/30 at 100.00 | AA+ | 2,742,390 | ||
2,000 | Memphis, Tennessee, Water System Revenue Bonds, Memphis Light, Gas & Water Divsion Series 2020, 4.000%, 12/01/50 | 12/30 at 100.00 | AAA | 2,367,780 | ||
235 | Memphis/Shelby County Economic Development Growth Engine Industrial Development Board, Tennessee, Tax Increment Revenue Bonds, Graceland Project, Senior Series 2017A, 4.750%, 7/01/27 | No Opt. Call | N/R | 232,956 | ||
Memphis-Shelby County Airport Authority, Tennessee, Airport Revenue Bonds, Refunding Series 2020A: | ||||||
1,040 | 4.000%, 7/01/35 | 7/30 at 100.00 | A2 | 1,223,789 | ||
450 | 4.000%, 7/01/36 | 7/30 at 100.00 | A2 | 525,479 | ||
455 | 4.000%, 7/01/37 | 7/30 at 100.00 | A2 | 528,988 | ||
375 | 4.000%, 7/01/38 | 7/30 at 100.00 | A2 | 435,338 | ||
635 | 4.000%, 7/01/39 | 7/30 at 100.00 | A2 | 734,454 | ||
10,425 | Memphis-Shelby County Airport Authority, Tennessee, Airport Revenue Bonds, Series 2018, 5.000%, 7/01/47 (AMT) | 7/28 at 100.00 | A | 12,284,820 | ||
4,775 | Metropolitan Governemnt of Nashville & Davidson County Health and Educational Facilities Board, Tennessee, Multifamily Housing Revenue Bonds, Parkwood Villa Apartments Project, Series 2010, 4.600%, 3/01/40 (Mandatory Put 3/01/25) | 5/21 at 100.00 | AA+ | 4,785,935 | ||
1,035 | Metropolitan Government Nashville & Davidson County Convention Center Authority, Tennessee, Tourism Tax Revenue Bonds, Series 2010A-1, 5.000%, 7/01/26 | 5/21 at 100.00 | A+ | 1,038,167 | ||
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Belmont University Project, Series 2012: | ||||||
1,440 | 5.000%, 11/01/26 | 11/21 at 100.00 | A+ | 1,471,219 | ||
660 | 5.000%, 11/01/27 | 11/21 at 100.00 | A+ | 673,820 | ||
1,300 | 5.000%, 11/01/28 | 11/21 at 100.00 | A+ | 1,326,234 | ||
1,295 | 5.000%, 11/01/29 | 11/21 at 100.00 | A+ | 1,320,175 | ||
1,495 | 5.000%, 11/01/30 | 11/21 at 100.00 | A+ | 1,523,689 | ||
710 | 5.000%, 11/01/31 | 11/21 at 100.00 | A+ | 723,369 | ||
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Blakeford at Green Hills, Refunding & Improvement Series 2012: | ||||||
1,500 | 5.000%, 7/01/27 (Pre-refunded 7/01/22) | 7/22 at 100.00 | BBB- (7) | 1,585,170 | ||
1,340 | 5.000%, 7/01/32 (Pre-refunded 7/01/22) | 7/22 at 100.00 | BBB- (7) | 1,416,085 | ||
1,210 | 5.000%, 7/01/37 (Pre-refunded 7/01/22) | 7/22 at 100.00 | BBB- (7) | 1,278,704 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tennessee (continued) | ||||||
$ 2,000 | Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Blakeford at Green Hills, Series 2020A, 4.000%, 11/01/55 | 11/25 at 102.00 | BBB- | 2,070,104 | ||
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Knowledge Academy Charter School, Series 2017A: | ||||||
1,000 | 4.625%, 6/15/27, 144A (8) | No Opt. Call | N/R | 600,000 | ||
1,900 | 5.500%, 6/15/37, 144A (8) | 6/27 at 100.00 | N/R | 1,140,000 | ||
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Lipscomb University, Refunding & Improvement Series 2016A: | ||||||
610 | 5.000%, 10/01/30 | 10/26 at 100.00 | BBB | 691,825 | ||
640 | 5.000%, 10/01/31 | 10/26 at 100.00 | BBB | 723,590 | ||
670 | 5.000%, 10/01/32 | 10/26 at 100.00 | BBB | 755,438 | ||
705 | 5.000%, 10/01/33 | 10/26 at 100.00 | BBB | 792,787 | ||
745 | 5.000%, 10/01/34 | 10/26 at 100.00 | BBB | 836,032 | ||
780 | 5.000%, 10/01/35 | 10/26 at 100.00 | BBB | 873,639 | ||
2,750 | 5.000%, 10/01/45 | 10/26 at 100.00 | BBB | 3,018,647 | ||
2,500 | Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Lipscomb University, Refunding & Improvement Series 2019A, 5.250%, 10/01/58 | 10/29 at 100.00 | BBB | 2,884,525 | ||
515 | Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Rocketship Education Project, Series 2017E, 5.375%, 6/01/52, 144A | 6/26 at 100.00 | N/R | 560,418 | ||
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Vanderbilt University Medical Center, Series 2016A: | ||||||
2,740 | 5.000%, 7/01/35 | 7/26 at 100.00 | Aa1 | 3,255,641 | ||
1,165 | 5.000%, 7/01/40 | 7/26 at 100.00 | Aa1 | 1,375,096 | ||
5,000 | 5.000%, 7/01/46 | 7/26 at 100.00 | Aa1 | 5,852,200 | ||
5,240 | 5.000%, 7/01/46 (UB) (4) | 7/26 at 100.00 | Aa1 | 6,133,106 | ||
385 | Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Vanderbilt University Medical Center, Series 2017A, 5.000%, 7/01/48 | 7/27 at 100.00 | A3 | 458,354 | ||
18,670 | Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Subordinate Lien Revenue Bonds, Volunteer Healthcare Systems Inc, Series 1988, 0.000%, 6/01/21 (ETM) | No Opt. Call | N/R (7) | 18,666,079 | ||
10,000 | Metropolitan Government of Nashville-Davidson County, Tennessee, Electric System Revenue Bonds, Series 2011A, 5.000%, 5/15/36 | 5/21 at 100.00 | AA+ | 10,054,000 | ||
5,000 | Metropolitan Government of Nashville-Davidson County, Tennessee, Electric System Revenue Bonds, Series 2017A, 5.000%, 5/15/42 | 5/27 at 100.00 | AA+ | 6,024,950 | ||
495 | Metropolitan Government of Nashville-Davidson County, Tennessee, General Obligation Bonds, Refunding Series 2012, 5.000%, 7/01/23 (Pre-refunded 7/01/22) | 7/22 at 100.00 | N/R (7) | 524,700 | ||
2,500 | Metropolitan Government of Nashville-Davidson County, Tennessee, General Obligation Bonds, Tender Option Bond Trust 2015-XF0224, 18.133%, 7/01/27 (Pre-refunded 7/01/23), 144A (IF) (4) | 7/23 at 100.00 | AA (7) | 3,581,225 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tennessee (continued) | ||||||
$ 5,750 | Metropolitan Nashville Airport Authority, Tennessee, Airport Revenue Bonds, Improvement Series 2015A, 5.000%, 7/01/45 | 7/25 at 100.00 | A1 | 6,626,990 | ||
Metropolitan Nashville Airport Authority, Tennessee, Airport Revenue Bonds, Subordinate Series 2019A: | ||||||
1,000 | 4.000%, 7/01/49 | 7/30 at 100.00 | A2 | 1,137,380 | ||
5,350 | 4.000%, 7/01/54 | 7/30 at 100.00 | A2 | 6,059,303 | ||
2,000 | Metropolitan Nashville Airport Authority, Tennessee, Airport Revenue Bonds, Subordinate Series 2019B, 5.000%, 7/01/44 (AMT) | 7/30 at 100.00 | A2 | 2,443,600 | ||
1,345 | Metropolitan Nashville Airport Authority, Tennessee, Special Facility Revenue Bonds, Aero Nashville LLC Project, Refunding Series 2010, 5.200%, 7/01/26 | 5/21 at 100.00 | Baa3 | 1,345,982 | ||
600 | Montgomery County, Tennessee, General Obligation Bonds, School & Public Improvement Series 2011, 5.000%, 4/01/21 | No Opt. Call | AA | 600,000 | ||
Nashville Metropolitan Development and Housing Agency, Tennessee, Tax increment Bonds, Fifth & Broadway Development Project, Series 2018: | ||||||
700 | 4.500%, 6/01/28, 144A | No Opt. Call | N/R | 767,403 | ||
570 | 5.125%, 6/01/36, 144A | 6/28 at 100.00 | N/R | 645,491 | ||
4,250 | Pigeon Forge Industrial Development Board, Tennessee, Revenue Bonds, Public Facility, Series 2011, 5.000%, 6/01/34 | 6/21 at 100.00 | AA | 4,274,352 | ||
Portland, Tennessee, Water and Sewer System Revenue Bonds, Series 2020: | ||||||
1,225 | 4.000%, 4/01/35 – AGM Insured | 4/30 at 100.00 | AA | 1,437,427 | ||
1,485 | 4.000%, 4/01/40 – AGM Insured | 4/30 at 100.00 | AA | 1,715,546 | ||
1,000 | Shelby County Health, Educational and Housing Facilities Board, Tennessee, Revenue Bonds, Methodist Le Bonheur Healthcare, Series 2012, 5.000%, 5/01/42 (Pre-refunded 5/01/22) | 5/22 at 100.00 | A1 (7) | 1,050,820 | ||
3,525 | Shelby County Health, Educational and Housing Facility Board, Tennessee, Educational Facilities Revenue Bonds, Rhodes College, Series 2011, 5.500%, 8/01/40 (Pre-refunded 8/01/21) | 8/21 at 100.00 | A2 (7) | 3,586,537 | ||
Shelby County Health, Educational and Housing Facility Board, Tennessee, Educational Facilities Revenue Bonds, Rhodes College, Series 2015: | ||||||
700 | 5.000%, 8/01/40 | 8/25 at 100.00 | A+ | 810,131 | ||
1,000 | 5.000%, 8/01/45 | 8/25 at 100.00 | A+ | 1,157,260 | ||
1,100 | Shelby County Health, Educational and Housing Facility Board, Tennessee, Residential Care Facility Mortgage Revenue Bonds, The Village at Germantown, Series 2014, 5.250%, 12/01/44 | 12/24 at 100.00 | BBB- | 1,175,196 | ||
1,500 | Shelby County Health, Educational and Housing Facility Board, Tennessee, Residential Care Facility Mortgage Revenue Bonds, The Village at Germantown, Series 2012, 5.250%, 12/01/42 (Pre-refunded 12/01/22) | 12/22 at 100.00 | BBB- (7) | 1,624,860 | ||
3,050 | Sumner County, Tennessee, General Obligation Bonds, Refunding Series 2011, 5.000%, 6/01/23 | 6/21 at 100.00 | AA+ | 3,072,997 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tennessee (continued) | ||||||
Tennessee State School Bond Authority, Higher Educational Facilities Second Program Bonds, Refunding Series 2015B: | ||||||
$ 4,160 | 5.000%, 11/01/33 (Pre-refunded 11/01/25) (UB) (4) | 11/25 at 100.00 | AA+ (7) | 5,000,944 | ||
6,225 | 5.000%, 11/01/34 (Pre-refunded 11/01/25) (UB) (4) | 11/25 at 100.00 | AA+ (7) | 7,483,384 | ||
1,500 | 5.000%, 11/01/35 (Pre-refunded 11/01/25) | 11/25 at 100.00 | AA+ (7) | 1,803,225 | ||
1,295 | 5.000%, 11/01/40 (Pre-refunded 11/01/25) | 11/25 at 100.00 | AA+ (7) | 1,556,784 | ||
5,000 | 5.000%, 11/01/40 (Pre-refunded 11/01/25) (UB) (4) | 11/25 at 100.00 | AA+ (7) | 6,010,750 | ||
10,000 | 5.000%, 11/01/45 (Pre-refunded 11/01/25) (UB) (4) | 11/25 at 100.00 | AA+ (7) | 12,021,500 | ||
1,000 | Tennessee State, General Obligation Bonds, Series 2011A, 5.000%, 10/01/30 (Pre-refunded 10/01/21) | 10/21 at 100.00 | AAA | 1,024,040 | ||
Tennessee State, General Obligation Bonds, Series 2014A: | ||||||
1,000 | 5.000%, 9/01/33 | 9/24 at 100.00 | AAA | 1,142,940 | ||
675 | 5.000%, 9/01/34 | 9/24 at 100.00 | AAA | 770,749 | ||
Tennessee State, General Obligation Bonds, Series 2015A: | ||||||
1,535 | 5.000%, 8/01/34 | 8/25 at 100.00 | AAA | 1,804,853 | ||
1,250 | 5.000%, 8/01/35 | 8/25 at 100.00 | AAA | 1,468,012 | ||
3,785 | The Tennessee Energy Acquisition Corporation, Gas Project Revenue Bonds, Series 2018, 4.000%, 11/01/49 (Mandatory Put 11/01/25) | 8/25 at 100.22 | A2 | 4,295,861 | ||
The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006A: | ||||||
2,395 | 5.250%, 9/01/21 | No Opt. Call | A2 | 2,443,523 | ||
1,755 | 5.250%, 9/01/22 | No Opt. Call | A2 | 1,874,779 | ||
3,230 | 5.250%, 9/01/24 | No Opt. Call | A2 | 3,709,397 | ||
2,520 | 5.250%, 9/01/26 | No Opt. Call | A2 | 3,060,868 | ||
2,100 | The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006B, 5.625%, 9/01/26 | No Opt. Call | BBB | 2,577,036 | ||
The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006C: | ||||||
250 | 5.000%, 2/01/22 | No Opt. Call | A | 259,520 | ||
600 | 5.000%, 2/01/23 | No Opt. Call | A | 648,846 | ||
100 | 5.000%, 2/01/24 | No Opt. Call | A | 111,877 | ||
5,090 | 5.000%, 2/01/27 | No Opt. Call | A | 6,106,320 | ||
10,870 | 4.000%, 5/01/48 (Mandatory Put 5/01/23) | 2/23 at 100.43 | A2 | 11,614,486 | ||
Watauga River Regional Water Authority, Tennessee, Waterworks Revenue Bonds, Series 2012: | ||||||
500 | 5.000%, 7/01/34 (Pre-refunded 7/01/22) | 7/22 at 100.00 | A (7) | 529,035 | ||
4,385 | 5.000%, 7/01/42 (Pre-refunded 7/01/22) | 7/22 at 100.00 | A (7) | 4,639,637 | ||
1,700 | Watauga River Regional Water Authority, Tennessee, Waterworks Revenue Bonds, Series 2017, 4.000%, 7/01/37 | 7/27 at 100.00 | A | 1,930,707 | ||
500 | West Knox Utility District of Knox County, Tennessee, Water and Sewer Revenue Bonds, Refunding & Improvement Series 2016, 5.000%, 6/01/41 | 6/24 at 100.00 | AA+ | 567,065 | ||
4,995 | West Wilson Utility District, Wilson County, Tennessee, Water Revenue Bonds, Refunding & Improvement Series 2015, 5.000%, 6/01/45 | 6/25 at 100.00 | AA | 5,843,451 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tennessee (continued) | ||||||
$ 310 | Williamson County HB & TS Utility District, Tennessee, Waterworks Revenue Bonds, Series 2020, 4.000%, 9/01/41 | 9/29 at 100.00 | AA | 358,996 | ||
389,515 | Total Tennessee | 437,001,337 | ||||
Texas – 5.0% | ||||||
Arlington Higher Education Finance Corporation, Texas, Education Revenue Bonds, Uplift Education, Series 2016A: | ||||||
125 | 5.000%, 12/01/46 | 12/26 at 100.00 | BBB- | 136,946 | ||
740 | 5.000%, 12/01/51 | 12/26 at 100.00 | BBB- | 808,546 | ||
10,000 | Arlington, Texas, Special Tax Revenue Bonds, Subordinate Lien Series 2018C, 5.000%, 2/15/48 – BAM Insured | 2/23 at 100.00 | AA | 10,682,200 | ||
Austin, Texas, Airport System Revenue Bonds, Series 2019B: | ||||||
6,000 | 5.000%, 11/15/44 (AMT) | 11/29 at 100.00 | A1 | 7,299,720 | ||
10,960 | 5.000%, 11/15/48 (AMT) | 11/29 at 100.00 | A1 | 13,271,245 | ||
Carrollton-Farmers Branch Independent School District, Dallas County, Texas, General Obligation Bonds, School Building Series 2021: | ||||||
1,260 | 3.000%, 2/15/37 (WI/DD, Settling 4/22/21) | 2/30 at 100.00 | AAA | 1,411,896 | ||
1,150 | 3.000%, 2/15/38 (WI/DD, Settling 4/22/21) | 2/30 at 100.00 | AAA | 1,284,639 | ||
965 | 3.000%, 2/15/39 (WI/DD, Settling 4/22/21) | 2/30 at 100.00 | AAA | 1,074,669 | ||
765 | 3.000%, 2/15/40 (WI/DD, Settling 4/22/21) | 2/30 at 100.00 | AAA | 849,897 | ||
5,410 | Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2018, 5.000%, 1/01/48 | 1/28 at 100.00 | A- | 6,378,119 | ||
2,745 | Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Idea Public Schools, Series 2012, 5.000%, 8/15/32 | 8/22 at 100.00 | A- | 2,860,921 | ||
1,250 | Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Idea Public Schools, Series 2013, 6.000%, 8/15/33 | 8/23 at 100.00 | A- | 1,375,450 | ||
2,500 | Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Uplift Education Charter School, Series 2014A, 4.250%, 12/01/34 | 12/24 at 100.00 | BBB- | 2,614,200 | ||
9,700 | Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Uplift Education Charter School, Series 2015A, 5.000%, 12/01/50 | 6/25 at 100.00 | BBB- | 10,379,485 | ||
Collin County Community College District, Texas, General Obligation Bonds, Series 2020A: | ||||||
3,870 | 4.000%, 8/15/36 | 8/29 at 100.00 | AAA | 4,598,102 | ||
4,105 | 4.000%, 8/15/37 | 8/29 at 100.00 | AAA | 4,865,041 | ||
3,300 | 4.000%, 8/15/38 | 8/29 at 100.00 | AAA | 3,902,811 | ||
12,265 | Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds, Refunding Series 2016A, 5.000%, 12/01/46 (UB) (4) | 12/25 at 100.00 | AA+ | 14,338,276 | ||
5,000 | Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2012E, 5.000%, 11/01/42 (Pre-refunded 11/01/21) (AMT) | 11/21 at 100.00 | A1 (7) | 5,137,750 | ||
1,720 | Fort Bend County Industrial Development Corporation, Texas, Revenue Bonds, NRG Energy Inc Project, Series 2012A RMKT, 4.750%, 5/01/38 | 11/22 at 100.00 | Baa2 | 1,808,993 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Refunding First Tier Series 2020C: | ||||||
$ 8,000 | 4.000%, 10/01/45 | 4/30 at 100.00 | A+ | 9,300,880 | ||
12,420 | 4.000%, 10/01/49 | 4/30 at 100.00 | A+ | 14,331,314 | ||
1,075 | Gulf Coast Industrial Development Authority, Texas, Solid Waste Disposal Revenue Bonds, Citgo Petroleum Corporation Project, Series 1995, 4.875%, 5/01/25 (AMT) | 10/22 at 100.00 | BB | 1,100,650 | ||
5,200 | Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Health System, Series 2019B-3, 5.000%, 7/01/49 (Mandatory Put 12/01/26) | 9/26 at 100.78 | A+ | 6,381,440 | ||
8,585 | Harris County Cultural Education Facilities Finance Corporation, Texas, Revenue Refunding Bonds, Young Men's Christian Association of the Greater Houston Area, Series 2013A, 5.000%, 6/01/33 | 6/23 at 100.00 | Baa2 | 8,869,593 | ||
1,325 | Harris County-Houston Sports Authority, Texas, Revenue Bonds, Third Lien Series 2004A-3, 0.000%, 11/15/33 – NPFG Insured | 11/24 at 59.10 | Baa2 | 707,961 | ||
1,270 | Houston, Texas, Airport System Revenue Bonds, Refunding Subordinate Lien Series 2011A, 5.000%, 7/01/25 (Pre-refunded 7/01/21) (AMT) | 7/21 at 100.00 | A (7) | 1,284,288 | ||
1,735 | Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines Inc Terminal Improvement Project, Refunding Series 2015B-1, 5.000%, 7/15/30 (AMT) | 7/25 at 100.00 | B | 1,930,777 | ||
7,115 | Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc Airport Improvements Project, Refunding Series 2020C, 5.000%, 7/15/27 (AMT) | No Opt. Call | B- | 8,356,852 | ||
9,900 | Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc Technical Operations Center Project, Series 2018, 5.000%, 7/15/28 (AMT) | No Opt. Call | B | 11,540,331 | ||
250 | Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc Terminal E Project, Refunding Series 2014, 5.000%, 7/01/29 (AMT) | 7/24 at 100.00 | Ba3 | 272,495 | ||
430 | Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc Terminal E Project, Refunding Series 2020A, 5.000%, 7/01/27 (AMT) | No Opt. Call | B- | 504,738 | ||
1,000 | Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc Terminal Improvements Project, Refunding Series 2020B-2, 5.000%, 7/15/27 (AMT) | No Opt. Call | B- | 1,174,540 | ||
8,755 | Houston, Texas, Combined Utility System Revenue Bonds, Refunding First Lien Series 2017B, 5.000%, 11/15/37 | 11/27 at 100.00 | Aa2 | 10,830,373 | ||
1,955 | Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Facilities Department, Refunding Series 2011A, 5.250%, 9/01/28 | 9/21 at 100.00 | A | 1,981,334 | ||
Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Facilities Department, Refunding Series 2014: | ||||||
2,560 | 5.000%, 9/01/32 | 9/24 at 100.00 | A | 2,777,702 | ||
335 | 5.000%, 9/01/34 | 9/24 at 100.00 | A | 361,894 | ||
Kerrville Health Facilities Development Corporation, Texas, Revenue Bonds, Sid Peterson Memorial Hospital Project, Series 2015: | ||||||
1,360 | 5.000%, 8/15/30 | 8/25 at 100.00 | A | 1,563,143 | ||
1,280 | 5.000%, 8/15/35 | 8/25 at 100.00 | A | 1,456,077 | ||
1,000 | Love Field Airport Modernization Corporation, Texas, General Airport Revenue Bonds, Series 2017, 5.000%, 11/01/35 (AMT) | 11/26 at 100.00 | A1 | 1,181,700 | ||
6,720 | Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds, Southwest Airlines Company - Love Field Modernization Program Project, Series 2012, 5.000%, 11/01/28 (AMT) | 11/22 at 100.00 | Baa1 | 7,153,843 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
$ 1,800 | Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission Services Corporation Project, Refunding Series 2018, 5.000%, 5/15/48 | 5/28 at 100.00 | A+ | 2,166,948 | ||
Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission Services Corporation Project, Refunding Series 2020: | ||||||
2,250 | 5.000%, 5/15/34 | 5/29 at 100.00 | A+ | 2,844,405 | ||
1,120 | 5.000%, 5/15/35 | 5/29 at 100.00 | A+ | 1,412,578 | ||
Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission Services Corporation Project, Refunding Series 2021: | ||||||
3,000 | 5.000%, 5/15/46 | 5/30 at 100.00 | A+ | 3,728,294 | ||
5,795 | 5.000%, 5/15/51 | 5/30 at 100.00 | A+ | 7,160,031 | ||
7,000 | Matagorda County Navigation District 1, Texas, Pollution Control Revenue Bonds, Central Power & Light Company Project, Refunding Series 2001A, 2.600%, 11/01/29 | No Opt. Call | A- | 7,453,810 | ||
4,520 | Mission Economic Development Corporation, Texas, Revenue Bonds, Natgasoline Project, Senior Lien Series 2018, 4.625%, 10/01/31, 144A (AMT) | 10/21 at 105.00 | BB- | 4,804,218 | ||
4,510 | Mission Economic Development Corporation, Texas, Water Supply Revenue Bonds, Enviro Water Minerals Project, Green Bonds, Series 2015, 7.750%, 1/01/45, 144A (AMT) (8), (9) | 1/26 at 102.00 | N/R | 115,764 | ||
New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility Revenue Bonds, Legacy at Willow Bend Project, Series 2016: | ||||||
665 | 5.000%, 11/01/46 | 11/23 at 103.00 | BBB- | 711,497 | ||
805 | 5.000%, 11/01/51 | 11/23 at 103.00 | BBB- | 860,247 | ||
570 | New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility Revenue Bonds, Legacy Midtown Park Project, Series 2018A, 5.500%, 7/01/54 | 7/24 at 103.00 | N/R | 594,362 | ||
New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility Revenue Bonds, Methodist Retirement Communites Crestview Project, Series 2016: | ||||||
1,100 | 5.000%, 11/15/36 | 11/24 at 102.00 | BB+ | 1,166,374 | ||
1,550 | 5.000%, 11/15/46 | 11/24 at 102.00 | BB+ | 1,623,966 | ||
755 | New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility Revenue Bonds, Wesleyan Homes, Inc Project, Series 2014, 5.500%, 1/01/43 | 1/25 at 100.00 | N/R | 783,282 | ||
9,680 | New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility Revenue Bonds, Westminster Project, Series 2016, 4.000%, 11/01/36 | 11/24 at 102.00 | BBB | 10,257,606 | ||
New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Corpus Christi II, LLC-Texas A&M University-Corpus Christi Project, Series 2016A: | ||||||
30 | 5.000%, 4/01/31 | 4/26 at 100.00 | B | 31,207 | ||
360 | 5.000%, 4/01/36 | 4/26 at 100.00 | B | 373,658 | ||
65 | 5.000%, 4/01/48 | 4/26 at 100.00 | B | 67,285 | ||
6,625 | New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Foundation - College Station I LLC - Texas A&M University Project, Series 2014A, 4.100%, 4/01/34 – AGM Insured | 4/24 at 100.00 | AA | 7,064,237 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Foundation - San Antonio 1, LLC - Texas A&M University - San Antonio Project,: | ||||||
$ 1,275 | 5.000%, 4/01/31 | 4/26 at 100.00 | BBB- | 1,430,614 | ||
1,290 | 5.000%, 4/01/36 | 4/26 at 100.00 | BBB- | 1,430,146 | ||
2,445 | 5.000%, 4/01/48 | 4/26 at 100.00 | BBB- | 2,674,732 | ||
1,250 | New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Foundation - Stephenville II, LLC - Tarleton State University Project, Series 2014A, 5.000%, 4/01/34 (Pre-refunded 4/01/24) | 4/24 at 100.00 | N/R (7) | 1,409,887 | ||
3,000 | New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Galveston-Texas A&M University at Galveston Project, Series 2014A, 5.000%, 4/01/34 | 4/24 at 100.00 | Baa3 | 3,195,930 | ||
10,000 | New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, NCCD - College Station Properties LLC - Texas A&M University Project, Series 2015A, 5.000%, 7/01/47 | 7/25 at 100.00 | Caa1 | 8,600,000 | ||
10,880 | North Texas Tollway Authority, Special Projects System Revenue Bonds, Convertible Capital Appreciation Series 2011C, 0.000%, 9/01/45 (Pre-refunded 9/01/31) (5) | 9/31 at 100.00 | N/R (7) | 16,068,128 | ||
2,000 | North Texas Tollway Authority, Special Projects System Revenue Bonds, Series 2011A, 5.500%, 9/01/41 (Pre-refunded 9/01/21) | 9/21 at 100.00 | N/R (7) | 2,043,520 | ||
7,915 | North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2019A, 5.000%, 1/01/38 | 1/29 at 100.00 | A+ | 9,770,830 | ||
4,410 | North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier, Series 2015A, 5.000%, 1/01/34 | 1/25 at 100.00 | A | 5,053,948 | ||
4,395 | Port of Houston Authority, Harris County, Texas, General Obligation Bonds, Refunding Series 2018A, 5.000%, 10/01/32 (AMT) | 10/28 at 100.00 | Aaa | 5,584,463 | ||
Reagan Hospital District of Reagan County, Texas, Limited Tax Revenue Bonds, Series 2014A: | ||||||
655 | 5.000%, 2/01/29 | 2/24 at 100.00 | Ba1 | 690,219 | ||
1,805 | 5.000%, 2/01/34 | 2/24 at 100.00 | Ba1 | 1,883,391 | ||
385 | 5.125%, 2/01/39 | 2/24 at 100.00 | Ba1 | 400,812 | ||
645 | SA Energy Acquisition Public Facilities Corporation, Texas, Gas Supply Revenue Bonds, Series 2007, 5.500%, 8/01/27 | No Opt. Call | A2 | 806,263 | ||
5,950 | Stephen F Austin State University, Texas, Revenue Bonds, Refunding & Improvement Series 2016, 5.000%, 10/15/42 | 10/28 at 100.00 | AA- | 7,218,421 | ||
3,000 | Tarrant County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, Texas Health Resources System, Series 2016A, 5.000%, 2/15/41 | 8/26 at 100.00 | AA | 3,526,980 | ||
3,435 | Tarrant County Cultural Education Facilities, Texas, Finance Corporation Revenue Bonds, Christus Health, Refunding Series 2018B, 5.000%, 7/01/35 | 1/29 at 100.00 | A+ | 4,257,957 | ||
10,115 | Texas Private Activity Bond Surface Transporation Corporation, Senior Lien Revenue Bonds, Blueridge Transportation Group, LLC SH 288 Toll Lanes Project, Series 2016, 5.000%, 12/31/40 (AMT) | 12/25 at 100.00 | Baa3 | 11,428,635 | ||
7,300 | 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 | Baa3 | 8,281,996 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, LBJ Infrastructure Group LLC IH-635 Managed Lanes Project, Refunding Series 2020A: | ||||||
$ 2,570 | 4.000%, 6/30/35 | 12/30 at 100.00 | Baa2 | 2,987,008 | ||
4,820 | 4.000%, 12/31/35 | 12/30 at 100.00 | Baa2 | 5,591,296 | ||
1,515 | 4.000%, 6/30/37 | 12/30 at 100.00 | Baa2 | 1,745,962 | ||
2,650 | 4.000%, 12/31/38 | 12/30 at 100.00 | Baa2 | 3,036,873 | ||
2,550 | 4.000%, 12/31/39 | 12/30 at 100.00 | Baa2 | 2,912,227 | ||
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Refunding First Tier Series 2015B: | ||||||
16,500 | 0.000%, 8/15/36 | 8/24 at 59.60 | A | 9,107,340 | ||
7,000 | 0.000%, 8/15/37 | 8/24 at 56.94 | A | 3,683,820 | ||
2,910 | Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Refunding First Tier Series 2020A, 3.000%, 8/15/40 | 8/30 at 100.00 | A | 3,067,897 | ||
10,000 | Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Refunding Second Tier Series 2015C, 5.000%, 8/15/37 | 8/24 at 100.00 | A- | 11,155,800 | ||
Texas Water Development Board, State Revolving Fund Revenue Bonds, Series 2020: | ||||||
4,165 | 3.000%, 8/01/39 | 8/30 at 100.00 | AAA | 4,631,355 | ||
5,000 | 3.000%, 8/01/40 | 8/30 at 100.00 | AAA | 5,540,350 | ||
1,030 | Viridian Municipal Management District, Texas, Reinvest Zone 6 Tax Increment Revenue Bonds, Refunding Road Improvement Series 2015, 6.000%, 12/01/32 – BAM Insured | 12/24 at 100.00 | AA | 1,220,602 | ||
1,135 | Viridian Municipal Management District, Texas, Reinvest Zone 6 Tax Increment Revenue Bonds, Refunding Utility Improvement Series 2015, 6.000%, 12/01/31 – BAM Insured | 12/24 at 100.00 | AA | 1,346,382 | ||
362,295 | Total Texas | 393,144,384 | ||||
Utah – 0.8% | ||||||
20,000 | Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2017A, 5.000%, 7/01/42 (AMT) | 7/27 at 100.00 | A | 23,588,200 | ||
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2018A: | ||||||
8,180 | 5.000%, 7/01/43 (AMT) | 7/28 at 100.00 | A | 9,780,253 | ||
12,610 | 5.250%, 7/01/48 (AMT) | 7/28 at 100.00 | A | 15,187,862 | ||
Utah Charter School Finance Authority Charter School Revenue Bonds, Vista at Entrada School of Performing Arts and Technology) Series 2012: | ||||||
250 | 5.600%, 7/15/22 (ETM) | No Opt. Call | BBB- (7) | 260,205 | ||
850 | 6.300%, 7/15/32 (Pre-refunded 7/15/22) | 7/22 at 100.00 | BBB- (7) | 915,102 | ||
Utah Charter School Finance Authority, Charter School Revenue Bonds, George Washington Academy, Series 2011A: | ||||||
1,760 | 7.750%, 7/15/31 | 7/21 at 100.00 | N/R | 1,796,819 | ||
3,520 | 8.000%, 7/15/41 (Pre-refunded 7/15/21) | 7/21 at 100.00 | N/R (7) | 3,596,384 | ||
1,705 | Utah Charter School Finance Authority, Revenue Bonds, Ronald Eilson Reagan Academy Project, Refunding Series 2016A, 5.000%, 2/15/46, 144A | 2/26 at 100.00 | BB | 1,784,948 | ||
7,000 | Utah County, Utah, Hospital Revenue Bonds, IHC Health Services Inc, Series 2018A, 5.000%, 5/15/41 | 5/26 at 100.00 | AA+ | 8,223,530 | ||
55,875 | Total Utah | 65,133,303 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Virginia – 1.8% | ||||||
Arlington County Industrial Development Authority, Virginia, Hospital Facility Revenue Bonds, Virginia Hospital Center, Series 2020: | ||||||
$ 705 | 4.000%, 7/01/38 | 7/30 at 100.00 | AA- | 823,595 | ||
1,080 | 4.000%, 7/01/39 | 7/30 at 100.00 | AA- | 1,258,016 | ||
7,505 | Chesapeake, Virginia, Transportation System Senior Toll Road Revenue Bonds, Series 2012A, 5.000%, 7/15/47 | 7/22 at 100.00 | BBB+ | 7,836,046 | ||
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Refunding & Subordinate Lien Series 2019B: | ||||||
480 | 4.000%, 10/01/35 | 10/29 at 100.00 | A- | 558,010 | ||
8,100 | 4.000%, 10/01/49 (UB) (4) | 10/29 at 100.00 | A- | 9,089,091 | ||
10,000 | Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital Improvement Projects, Refunding Second Senior Lien Series 2014A, 5.000%, 10/01/53 | 4/22 at 100.00 | A- | 10,339,800 | ||
Peninsula Town Center Community Development Authority, Virginia, Special Obligation Bonds, Refunding Series 2018: | ||||||
4,520 | 5.000%, 9/01/37, 144A | 9/27 at 100.00 | N/R | 4,892,674 | ||
2,430 | 4.500%, 9/01/45, 144A | 9/27 at 100.00 | N/R | 2,552,909 | ||
5,600 | 5.000%, 9/01/45, 144A | 9/27 at 100.00 | N/R | 6,044,584 | ||
7,930 | Roanoke Economic Development Authority, Virginia, Hospital Revenue Bonds, Carilion Clinic Obligated Group, Series 2020A, 4.000%, 7/01/51 | 7/30 at 100.00 | AA- | 9,151,934 | ||
10,070 | Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds, Series 2007B1, 5.000%, 6/01/47 | 4/21 at 100.00 | B- | 10,120,954 | ||
1,000 | Virginia College Building Authority, Educational Facilities Revenue Bonds, Marymount University Project, Green Series 2015B, 5.000%, 7/01/45, 144A | 7/25 at 100.00 | BB+ | 1,043,330 | ||
5,000 | Virginia Port Authority, General Fund Revenue Bonds, Series 2015, 5.000%, 7/01/40 (Pre-refunded 7/01/25) (AMT) | 7/25 at 100.00 | AA+ (7) | 5,928,600 | ||
2,000 | Virginia Port Authority, Port Facilities Revenue Bonds, Refunding Series 2016B, 5.000%, 7/01/41 (AMT) | 7/26 at 100.00 | A1 | 2,344,380 | ||
2,000 | Virginia Small Business Finance Authority, Educational Facilities Revenue Bonds, Provident Resource Group - Rixey Student Housing Project, Series 2019A, 5.500%, 7/01/49, 144A | 7/34 at 100.00 | N/R | 1,851,740 | ||
Virginia Small Business Financing Authority, Private Activity Revenue Bonds, Transform 66 P3 Project, Senior Lien Series 2017: | ||||||
3,400 | 5.000%, 12/31/47 (AMT) | 6/27 at 100.00 | BBB | 3,958,246 | ||
1,740 | 5.000%, 12/31/49 (AMT) | 6/27 at 100.00 | BBB | 2,023,498 | ||
3,365 | 5.000%, 12/31/52 (AMT) | 6/27 at 100.00 | BBB | 3,906,866 | ||
13,250 | 5.000%, 12/31/56 (AMT) | 6/27 at 100.00 | BBB | 15,341,778 | ||
Virginia Small Business Financing Authority, Revenue Bonds, National Senior Campuses Inc Obligated Group, Series 2020A: | ||||||
3,415 | 4.000%, 1/01/45 | 7/27 at 103.00 | A | 3,736,966 | ||
6,340 | 4.000%, 1/01/51 | 7/27 at 103.00 | A | 6,914,531 | ||
5,500 | Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, 95 Express Lanes LLC Project, Series 2012, 5.000%, 1/01/40 (AMT) | 1/22 at 100.00 | BBB | 5,665,990 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Virginia (continued) | ||||||
$ 13,975 | Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, 95 Express Lanes LLC Project, Series 2019, 5.000%, 7/01/49 (AMT) | 1/22 at 100.00 | BBB | 14,389,359 | ||
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River Crossing, Opco LLC Project, Series 2012: | ||||||
3,515 | 5.250%, 1/01/32 (AMT) | 7/22 at 100.00 | BBB | 3,684,493 | ||
7,715 | 5.500%, 1/01/42 (AMT) | 7/22 at 100.00 | BBB | 8,068,578 | ||
130,635 | Total Virginia | 141,525,968 | ||||
Washington – 1.6% | ||||||
2,450 | King County Public Hospital District 4, Washington, General Obligation Bonds, Snoqualmie Valley Hospital, Refunding Improvement Series 2011, 7.000%, 12/01/40 (Pre-refunded 12/01/21) | 12/21 at 100.00 | N/R (7) | 2,558,731 | ||
210 | Ocean Shores, Washington, Local Improvement District 2007-01 Bonds, 2011, 7.250%, 2/01/31 | No Opt. Call | BBB+ | 259,018 | ||
5,385 | Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2018A, 5.000%, 5/01/30 (AMT) | 5/27 at 100.00 | AA- | 6,430,605 | ||
Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2019: | ||||||
10,000 | 5.000%, 4/01/38 (AMT) | 4/29 at 100.00 | AA- | 12,100,600 | ||
7,225 | 5.000%, 4/01/39 (AMT) | 4/29 at 100.00 | AA- | 8,719,419 | ||
Skagit County Public Hospital District 1, Washington, Revenue Bonds, Skagit Valley Hospital, Refunding & Improvement Series 2016: | ||||||
3,825 | 5.000%, 12/01/30 | 12/26 at 100.00 | Baa2 | 4,397,985 | ||
1,950 | 5.000%, 12/01/31 | 12/26 at 100.00 | Baa2 | 2,235,207 | ||
4,000 | 5.000%, 12/01/32 | 12/26 at 100.00 | Baa2 | 4,572,160 | ||
1,120 | 5.000%, 12/01/37 | 12/26 at 100.00 | Baa2 | 1,265,891 | ||
Washington Health Care Facilities Authority, Revenue Bonds, Kadlec Regional Medical Center, Series 2012: | ||||||
2,775 | 5.000%, 12/01/27 (Pre-refunded 12/01/21) | 12/21 at 100.00 | N/R (7) | 2,862,579 | ||
2,435 | 5.000%, 12/01/42 (Pre-refunded 12/01/21) | 12/21 at 100.00 | N/R (7) | 2,512,652 | ||
1,600 | Washington Health Care Facilities Authority, Revenue Bonds, PeaceHealth, Refunding Series 2014A, 5.000%, 11/15/28 (Pre-refunded 5/15/24) | 5/24 at 100.00 | AA- (7) | 1,826,256 | ||
Washington Health Care Facilities Authority, Revenue Bonds, Virginia Mason Medical Center, Series 2017: | ||||||
5,180 | 5.000%, 8/15/34 | 8/27 at 100.00 | BBB- | 6,116,389 | ||
1,775 | 5.000%, 8/15/35 | 8/27 at 100.00 | BBB- | 2,091,483 | ||
2,500 | 5.000%, 8/15/36 | 8/27 at 100.00 | BBB- | 2,937,975 | ||
2,400 | 5.000%, 8/15/37 | 8/27 at 100.00 | BBB- | 2,813,472 | ||
5,010 | 4.000%, 8/15/42 | 8/27 at 100.00 | BBB- | 5,434,898 | ||
Washington Health Care Facilities Authority, Revenue Bonds, Yakima Valley Memorial Hospital Association, Series 2016: | ||||||
6,000 | 5.000%, 12/01/41 | 12/26 at 100.00 | Ba1 | 6,589,620 | ||
5,930 | 5.000%, 12/01/46 | 12/26 at 100.00 | Ba1 | 6,451,899 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Washington (continued) | ||||||
Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Series 2018: | ||||||
$ 4,320 | 5.000%, 7/01/43 | 7/28 at 100.00 | Baa3 | 4,995,302 | ||
12,000 | 5.000%, 7/01/58 (UB) (4) | 7/28 at 100.00 | Baa1 | 13,880,880 | ||
Washington State Higher Education Facilities Authority, Revenue Bonds, Seattle University, Series 2020: | ||||||
1,000 | 4.000%, 5/01/45 | 5/30 at 100.00 | A | 1,123,110 | ||
1,025 | 4.000%, 5/01/50 | 5/30 at 100.00 | A | 1,145,612 | ||
Washington State Housing Finance Commission, Nonprofit Refunding Revenue Bonds, Wesley Homes at Lea Hill Project, Series 2016: | ||||||
1,155 | 5.000%, 7/01/41, 144A | 7/26 at 100.00 | N/R | 1,189,211 | ||
2,000 | 5.000%, 7/01/46, 144A | 7/26 at 100.00 | N/R | 2,047,940 | ||
3,805 | 5.000%, 7/01/51, 144A | 7/26 at 100.00 | N/R | 3,887,302 | ||
1,100 | Washington State Housing Finance Commission, Non-Profit Revenue Bonds, Emerald Heights Project, Refunding 2013, 5.000%, 7/01/28 | 7/23 at 100.00 | A- | 1,180,883 | ||
2,340 | Washington State Housing Finance Commission, Revenue Bonds, Riverview Retirement Community, Refunding Series 2012, 5.000%, 1/01/48 | 1/23 at 100.00 | BBB- | 2,404,561 | ||
8,520 | Washington State, General Obligation Bonds, Various Purpose Series 2015B, 5.000%, 2/01/36 | 2/25 at 100.00 | Aaa | 9,912,509 | ||
109,035 | Total Washington | 123,944,149 | ||||
West Virginia – 0.5% | ||||||
12,460 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Arch Resources Project, Series 2020, 5.000%, 7/01/45 (Mandatory Put 7/01/25) (AMT) | 1/25 at 100.00 | B | 13,131,345 | ||
15,500 | West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Cabell Huntington Hospital, Inc Project, Refunding & Improvement Series 2018A, 5.000%, 1/01/43 | 1/29 at 100.00 | BBB+ | 18,403,925 | ||
2,375 | West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Charleston Area Medical Center, Refunding & Improvement Series 2019A, 5.000%, 9/01/30 | 9/29 at 100.00 | Baa1 | 2,985,897 | ||
1,585 | West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United Health System Obligated Group, Refunding & Improvement Series 2013A, 4.000%, 6/01/41 | 6/26 at 100.00 | A | 1,726,382 | ||
31,920 | Total West Virginia | 36,247,549 | ||||
Wisconsin – 2.7% | ||||||
1,250 | Public Finance Authority of Wisconsin, Charter School Revenue Bonds, Cornerstone Charter Academy, North Carolina, Series 2016A, 5.000%, 2/01/36, 144A | 2/26 at 100.00 | N/R | 1,334,762 | ||
Public Finance Authority of Wisconsin, Charter School Revenue Bonds, Eno River Academy Project, Series 2020A: | ||||||
815 | 5.000%, 6/15/40, 144A | 6/30 at 100.00 | Ba1 | 917,185 | ||
1,380 | 5.000%, 6/15/54, 144A | 6/30 at 100.00 | Ba1 | 1,525,466 | ||
Public Finance Authority of Wisconsin, Charter School Revenue Bonds, Founders Academy of Las Vegas, Series 2020A: | ||||||
555 | 4.000%, 7/01/30, 144A | 7/28 at 100.00 | BB- | 579,081 | ||
200 | 5.000%, 7/01/55, 144A | 7/28 at 100.00 | BB- | 213,356 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wisconsin (continued) | ||||||
$ 2,150 | Public Finance Authority of Wisconsin, Charter School Revenue Bonds, North Carolina Charter Educational Foundation Project, Series 2016A, 5.000%, 6/15/46, 144A | 6/26 at 100.00 | N/R | 2,185,217 | ||
Public Finance Authority of Wisconsin, Charter School Revenue Bonds, Voyager Foundation Inc of North Carolina, Series 2012A: | ||||||
105 | 5.500%, 10/01/22 (ETM) | No Opt. Call | Baa3 (7) | 110,204 | ||
375 | 6.000%, 10/01/32 (Pre-refunded 10/01/22) | 10/22 at 100.00 | Baa3 (7) | 407,081 | ||
Public Finance Authority of Wisconsin, Charter School Revenue Bonds, Voyager Foundation, Inc of North Carolina Project, Series 2014A: | ||||||
1,080 | 5.000%, 10/01/34 (Pre-refunded 10/01/22) | 10/22 at 100.00 | Baa3 (7) | 1,157,026 | ||
500 | 5.125%, 10/01/45 (Pre-refunded 10/01/22) | 10/22 at 100.00 | Baa3 (7) | 536,590 | ||
Public Finance Authority of Wisconsin, Conference Center and Hotel Revenue Bonds, Lombard Public Facilities Corporation, First Tier Series 2018A-1: | ||||||
11 | 0.000%, 1/01/47, 144A (8) | No Opt. Call | N/R | 310 | ||
10 | 0.000%, 1/01/48, 144A (8) | No Opt. Call | N/R | 267 | ||
9 | 0.000%, 1/01/49, 144A (8) | No Opt. Call | N/R | 257 | ||
9 | 0.000%, 1/01/50, 144A (8) | No Opt. Call | N/R | 239 | ||
9 | 0.000%, 1/01/51, 144A (8) | No Opt. Call | N/R | 231 | ||
12 | 0.000%, 1/01/52, 144A (8) | No Opt. Call | N/R | 288 | ||
11 | 0.000%, 1/01/53, 144A (8) | No Opt. Call | N/R | 279 | ||
11 | 0.000%, 1/01/54, 144A (8) | No Opt. Call | N/R | 263 | ||
11 | 0.000%, 1/01/55, 144A (8) | No Opt. Call | N/R | 252 | ||
11 | 0.000%, 1/01/56, 144A (8) | No Opt. Call | N/R | 242 | ||
549 | 5.500%, 7/01/56, 144A (8) | 3/28 at 100.00 | N/R | 419,015 | ||
12 | 0.000%, 1/01/57, 144A (8) | No Opt. Call | N/R | 261 | ||
11 | 0.000%, 1/01/58, 144A (8) | No Opt. Call | N/R | 249 | ||
11 | 0.000%, 1/01/59, 144A (8) | No Opt. Call | N/R | 238 | ||
11 | 0.000%, 1/01/60, 144A (8) | No Opt. Call | N/R | 225 | ||
11 | 0.000%, 1/01/61, 144A (8) | No Opt. Call | N/R | 216 | ||
10 | 0.000%, 1/01/62, 144A (8) | No Opt. Call | N/R | 205 | ||
10 | 0.000%, 1/01/63, 144A (8) | No Opt. Call | N/R | 196 | ||
10 | 0.000%, 1/01/64, 144A (8) | No Opt. Call | N/R | 188 | ||
10 | 0.000%, 1/01/65, 144A (8) | No Opt. Call | N/R | 179 | ||
11 | 0.000%, 1/01/66, 144A (8) | No Opt. Call | N/R | 184 | ||
128 | 0.000%, 1/01/67, 144A (8) | No Opt. Call | N/R | 2,062 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wisconsin (continued) | ||||||
Public Finance Authority of Wisconsin, Conference Center and Hotel Revenue Bonds, Lombard Public Facilities Corporation, Second Tier Series 2018B: | ||||||
$ 27 | 0.000%, 1/01/46, 144A (8) | No Opt. Call | N/R | 792 | ||
27 | 0.000%, 1/01/47, 144A (8) | No Opt. Call | N/R | 752 | ||
26 | 0.000%, 1/01/48, 144A (8) | No Opt. Call | N/R | 735 | ||
26 | 0.000%, 1/01/49, 144A (8) | No Opt. Call | N/R | 714 | ||
26 | 0.000%, 1/01/50, 144A (8) | No Opt. Call | N/R | 676 | ||
28 | 0.000%, 1/01/51, 144A (8) | No Opt. Call | N/R | 728 | ||
727 | 3.750%, 7/01/51, 144A (8) | 3/28 at 100.00 | N/R | 490,349 | ||
28 | 0.000%, 1/01/52, 144A (8) | No Opt. Call | N/R | 695 | ||
28 | 0.000%, 1/01/53, 144A (8) | No Opt. Call | N/R | 673 | ||
28 | 0.000%, 1/01/54, 144A (8) | No Opt. Call | N/R | 650 | ||
27 | 0.000%, 1/01/55, 144A (8) | No Opt. Call | N/R | 628 | ||
27 | 0.000%, 1/01/56, 144A (8) | No Opt. Call | N/R | 609 | ||
27 | 0.000%, 1/01/57, 144A (8) | No Opt. Call | N/R | 588 | ||
26 | 0.000%, 1/01/58, 144A (8) | No Opt. Call | N/R | 566 | ||
26 | 0.000%, 1/01/59, 144A (8) | No Opt. Call | N/R | 552 | ||
26 | 0.000%, 1/01/60, 144A (8) | No Opt. Call | N/R | 531 | ||
25 | 0.000%, 1/01/61, 144A (8) | No Opt. Call | N/R | 508 | ||
25 | 0.000%, 1/01/62, 144A (8) | No Opt. Call | N/R | 492 | ||
25 | 0.000%, 1/01/63, 144A (8) | No Opt. Call | N/R | 475 | ||
25 | 0.000%, 1/01/64, 144A (8) | No Opt. Call | N/R | 463 | ||
24 | 0.000%, 1/01/65, 144A (8) | No Opt. Call | N/R | 444 | ||
24 | 0.000%, 1/01/66, 144A (8) | No Opt. Call | N/R | 417 | ||
314 | 0.000%, 1/01/67, 144A (8) | No Opt. Call | N/R | 5,044 | ||
1,650 | Public Finance Authority of Wisconsin, Education Revenue Bonds, Carolina International School, Series 2013A, 7.000%, 8/01/43, 144A | 8/23 at 100.00 | BB+ | 1,819,174 | ||
Public Finance Authority of Wisconsin, Educational Facility Revenue Bonds, Cottonwood Classical Preparatory School in Albuquerque, New Mexico, Series 2012A: | ||||||
1,610 | 6.000%, 12/01/32 (Pre-refunded 12/01/22) | 12/22 at 100.00 | N/R (7) | 1,762,837 | ||
5,000 | 6.250%, 12/01/42 (Pre-refunded 12/01/22) | 12/22 at 100.00 | N/R (7) | 5,495,300 | ||
3,845 | Public Finance Authority of Wisconsin, Exempt Facilities Revenue Bonds, National Gypsum Company Project, Refunding Series 2016, 4.000%, 8/01/35 (AMT) | 8/26 at 100.00 | N/R | 3,844,808 | ||
Public Finance Authority of Wisconsin, Health Care Facilities Revenue Bonds, Appalachian Regional Healthcare System Obligated Group, Series 2021A: | ||||||
585 | 4.000%, 7/01/46 | 1/31 at 100.00 | BBB | 653,702 | ||
1,675 | 4.000%, 7/01/51 | 1/31 at 100.00 | BBB | 1,861,600 | ||
1,925 | Public Finance Authority of Wisconsin, Health Care Facilities Revenue Bonds, Blue Ridge HealthCare, Refunding Series 2020A, 4.000%, 1/01/45 | 1/30 at 100.00 | A | 2,171,920 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wisconsin (continued) | ||||||
Public Finance Authority of Wisconsin, Hospital Revenue Bonds, Renown Regional Medical Center Project, Refunding Series 2020A: | ||||||
$ 29,070 | 3.000%, 6/01/45 – AGM Insured (UB) (4) | 6/30 at 100.00 | AA | 30,427,860 | ||
10,930 | 3.000%, 6/01/45 (UB) (4) | 6/30 at 100.00 | A+ | 11,258,993 | ||
8,000 | Public Finance Authority of Wisconsin, Hospital Revenue Bonds, WakeMed, Series 2019A, 4.000%, 10/01/49 | 4/29 at 100.00 | A+ | 8,955,520 | ||
14,000 | Public Finance Authority of Wisconsin, Limited Obligation PILOT Revenue Bonds, American Dream @ Meadowlands Project, Series 2017, 6.750%, 12/01/42, 144A | 12/27 at 100.00 | N/R | 16,079,420 | ||
2,735 | Public Finance Authority of Wisconsin, Revenue Bonds, Alabama Gulf Coast Zoo, Series 2018A, 6.500%, 9/01/48 | 9/28 at 100.00 | N/R | 2,462,266 | ||
Public Finance Authority of Wisconsin, Senior Revenue Bonds, Maryland Proton Treatment Center, Series 2018A-1: | ||||||
1,360 | 6.250%, 1/01/38, 144A | 1/28 at 100.00 | N/R | 1,141,271 | ||
4,065 | 6.375%, 1/01/48, 144A | 1/28 at 100.00 | N/R | 3,326,877 | ||
1,000 | Public Finance Authority of Wisconsin, Senior Revenue Bonds, Maryland Proton Treatment Center, Series 2018B-2, 0.000%, 1/01/49 (5) | 1/28 at 100.00 | N/R | 660,210 | ||
13,410 | Public Finance Authority, Wisconsin, Educational Revenue Bonds, Lake Norman Charter School, Series 2018A, 5.000%, 6/15/48, 144A | 6/26 at 100.00 | BBB- | 14,696,958 | ||
5,000 | Public Finance Authority, Wisconsin, Exempt Facilities Revenue Bonds, Celanese Project, Refunding Series 2016C, 4.300%, 11/01/30 (AMT) | 5/26 at 100.00 | BBB- | 5,546,900 | ||
2,550 | Superior, Wisconsin, Limited Obligation Revenue Refunding Bonds, Midwest Energy Resources Company, Series 1991E, 6.900%, 8/01/21 – FGIC Insured | No Opt. Call | Aa3 | 2,604,570 | ||
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic, Series 2012B: | ||||||
35 | 4.500%, 2/15/40 | 2/22 at 100.00 | A- | 35,611 | ||
1,000 | 5.000%, 2/15/40 | 2/22 at 100.00 | A- | 1,031,590 | ||
18,000 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Mercy Alliance, Inc, Series 2012, 5.000%, 6/01/32 | 6/22 at 100.00 | A3 | 18,760,140 | ||
7,000 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ministry Health Care, Inc, Refunding 2012C, 5.000%, 8/15/32 (Pre-refunded 8/15/22) | 8/22 at 100.00 | N/R (7) | 7,461,440 | ||
13,950 | Wisconsin Health and Educational Facilities Authority, Revenus Bonds, Gundersen Lutheran, Series 2011A, 5.250%, 10/15/39 | 10/21 at 100.00 | AA- | 14,246,437 | ||
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Dickson Hollow Project Series 2014: | ||||||
1,880 | 5.250%, 10/01/39 | 10/22 at 102.00 | N/R | 1,954,918 | ||
1,000 | 5.375%, 10/01/44 | 10/22 at 102.00 | N/R | 1,040,010 | ||
3,500 | 5.500%, 10/01/49 | 10/22 at 102.00 | N/R | 3,645,250 | ||
2,000 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Froedtert Health, Inc Obligated Group, Series 2017A, 4.000%, 4/01/39 | 4/27 at 100.00 | AA | 2,240,740 | ||
5,000 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Marshfield Clinic, Series 2016A, 5.000%, 2/15/46 | 2/26 at 100.00 | A- | 5,588,200 | ||
435 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, ProHealth Care, Inc Obligated Group, Refunding Series 2015, 5.000%, 8/15/39 | 8/24 at 100.00 | A+ | 485,852 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wisconsin (continued) | ||||||
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Rogers Memorial Hospital, Inc, Series 2014A: | ||||||
$ 2,980 | 5.000%, 7/01/34 | 7/24 at 100.00 | A | 3,301,780 | ||
2,100 | 4.350%, 7/01/36 | 7/21 at 100.00 | A | 2,111,802 | ||
1,985 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, ThedaCare Inc, Series 2019, 3.125%, 12/15/49 | 12/29 at 100.00 | AA- | 2,049,254 | ||
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Three Pillars Senior Living Communities, Refunding Series 2013: | ||||||
275 | 5.000%, 8/15/43 (Pre-refunded 8/15/23) | 8/23 at 100.00 | A (7) | 304,557 | ||
3,175 | 5.000%, 8/15/43 (Pre-refunded 8/15/23) | 8/23 at 100.00 | BBB+ (7) | 3,516,249 | ||
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Woodland Hills Senior Housing Project, Series 2014: | ||||||
5,000 | 5.000%, 12/01/34 | 12/22 at 102.00 | N/R | 5,206,350 | ||
4,435 | 5.000%, 12/01/44 | 12/22 at 102.00 | N/R | 4,596,168 | ||
4,225 | 5.250%, 12/01/49 | 12/22 at 102.00 | N/R | 4,390,451 | ||
9,113 | Wisconsin Housing and Economic Development Authority, Homeowners Mortgage Revenue Bonds, Guaranteed Mortgage-Backed Securities Program, Pass Through Series 2017A, 2.690%, 7/01/47 | 10/26 at 100.00 | Aaa | 9,550,196 | ||
206,388 | Total Wisconsin | 216,187,076 | ||||
Wyoming – 0.1% | ||||||
Teton County Hospital District, Wyoming, Hospital Revenue Bonds, St John's Medical Center Project, Series 2011B: | ||||||
800 | 5.500%, 12/01/27 (Pre-refunded 12/01/21) | 12/21 at 100.00 | N/R (7) | 827,592 | ||
2,500 | 6.000%, 12/01/36 (Pre-refunded 12/01/21) | 12/21 at 100.00 | N/R (7) | 2,594,075 | ||
3,650 | West Park Hospital District, Wyoming, Hospital Revenue Bonds, Series 2011A, 7.000%, 6/01/40 | 6/21 at 100.00 | BBB | 3,688,508 | ||
6,950 | Total Wyoming | 7,110,175 | ||||
$ 7,615,797 | Total Municipal Bonds (cost $7,636,689,482) | 8,158,939,899 |
Shares | Description (1) | Value | ||||
COMMON STOCKS – 0.3% | ||||||
Electric Utilities – 0.3% | ||||||
719,217 | Energy Harbor Corp (10), (11), (12) | $ 20,348,087 | ||||
Total Common Stocks (cost $14,257,608) | 20,348,087 | |||||
Total Long-Term Investments (cost $7,650,947,090) | 8,179,287,986 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
SHORT-TERM INVESTMENTS – 0.2% | ||||||
MUNICIPAL BONDS – 0.2% | ||||||
Florida – 0.2% | ||||||
$ 18,200 | Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project, Variable Rate Demand Obligations, Series 2019A, 6.250%, 1/01/49 (AMT) (Mandatory Put 1/01/24), 144A (13) | 6/21 at 103.00 | N/R | $ 17,929,002 | ||
$ 18,200 | Total Short-Term Investments (cost $18,327,270) | 17,929,002 | ||||
Total Investments (cost $7,669,274,360) – 104.3% | 8,197,216,988 | |||||
Borrowings – (0.3)% | (27,500,000) | |||||
Floating Rate Obligations – (5.4)% | (422,375,000) | |||||
Other Assets Less Liabilities – 1.4% | 110,244,671 | |||||
Net Assets – 100% | $ 7,857,586,659 |
(1) | All percentages shown in the Portfolio of Investments are based on net assets unless otherwise noted. | |
(2) | Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns. Optional Call Provisions are not covered by the report of independent registered public accounting firm. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. Ratings are not covered by the report of independent registered public accounting firm. | |
(4) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions. | |
(5) | 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. | |
(6) | Variable rate security. The rate shown is the coupon as of the end of the reporting period. | |
(7) | 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. | |
(8) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(9) | Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. See Notes to Financial Statements, Note 3 - Investment Valuation and Fair Value Measurements for more information. | |
(10) | Common Stock received as part of the bankruptcy settlements during February 2020 for Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2005A, 4.000%, 1/01/35, Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006A, 3.500%, 4/01/41, Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35, Ohio Air Quality Development Authority, Ohio, Air Quality Development Revenue Bonds, FirstEnergy Generation Corporation Project, Series 2009A, 5.700%, 8/01/20, Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23, Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2005B, 4.000%, 1/01/34,Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2008B, 3.625%, 10/01/33,Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2008C, 3.950%, 11/01/32. | |
(11) | For fair value measurement disclosure purposes, investment classified as Level 2. See Notes to Financial Statements, Note 3 - Investment Valuation and Fair Value Measurements for more information. | |
(12) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
(13) | 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. | |
LIBOR | London Inter-Bank Offered Rate | |
SIFMA | Securities Industry and Financial Market Association | |
UB | Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 4 – Portfolio Securities and Investments in Derivatives for more information. | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 95.2% | ||||||
MUNICIPAL BONDS – 94.5% | ||||||
National – 0.9% | ||||||
$ 19,870 | Federal Home Loan Mortgage Corporation, Multifamily Variable Rate Certificates Relating to Municpal Securities Class A Series 2019M-053, 2.550%, 6/15/35 | No Opt. Call | AA+ | 20,730,769 | ||
18,230 | Federal Home Loan Mortgage Corporation, Notes, 3.150%, 1/15/36, 144A | 10/31 at 100.00 | AA+ | 19,955,105 | ||
5,416 | Freddie Mac Multi-Family ML Certificates, Series ML 05, Series 2019A, 3.400%, 1/25/36 | No Opt. Call | AA+ | 6,150,642 | ||
4,926 | Freddie Mac Multi-Family ML Certificates, Series ML 08, Series 2021, 1.877%, 7/25/37 | No Opt. Call | AA+ | 4,906,306 | ||
Revenue Bond Certificate Series Trust: | ||||||
13,447 | 2.500%, 2/01/42 (Mandatory Put 11/22/22), 144A | No Opt. Call | AA+ | 13,877,785 | ||
25,194 | 2.500%, 3/01/46 (Mandatory Put 11/22/22), 144A | No Opt. Call | AA+ | 25,793,995 | ||
87,083 | Total National | 91,414,602 | ||||
Alabama – 1.6% | ||||||
12,235 | Alabama Public School and College Authority, Capital Improvement Pool Revenue Bonds, Refunding Series 2020A, 5.000%, 11/01/26 | No Opt. Call | Aa1 | 15,177,517 | ||
7,630 | Alabama State Port Authority, Docks Facilities Revenue Bonds, Refunding Series 2017A, 5.000%, 10/01/31 – AGM Insured (AMT) | 10/27 at 100.00 | AA | 9,112,433 | ||
5,820 | Birmingham-Jefferson Civic Center Authority, Alabama, Special Tax Bonds, Series 2018A, 4.000%, 7/01/37 | 7/28 at 100.00 | Aa3 | 6,476,962 | ||
2,880 | Birmingham-Jefferson Civic Center Authority, Alabama, Special Tax Bonds, Series 2018B, 5.000%, 7/01/37 | 7/28 at 100.00 | A1 | 3,396,125 | ||
6,665 | Black Belt Energy Gas District, Alabama, Gas PrePay Revenue Bonds, Project 3 Series 2018A, 4.000%, 12/01/48 (Mandatory Put 12/01/23) | 9/23 at 100.31 | A2 | 7,239,390 | ||
6,675 | Black Belt Energy Gas District, Alabama, Gas PrePay Revenue Bonds, Project 4 Series 2019A-1, 4.000%, 12/01/49 (Mandatory Put 12/01/25) | 9/25 at 100.38 | A1 | 7,614,907 | ||
37,500 | Black Belt Energy Gas District, Alabama, Gas Supply Revenue Bonds, Series 2017A, 4.000%, 8/01/47 (Mandatory Put 7/01/22) | 4/22 at 100.52 | Aa2 | 39,050,250 | ||
5,085 | Black Belt Energy Gas District, Alabama, Gas Supply Revenue Bonds, Series 2021A, 1.000%, 6/01/51 (Mandatory Put 12/01/31) (WI/DD, Settling 4/19/21) | 9/31 at 100.53 | Aa2 | 6,198,275 | ||
Chatom Industrial Development Board, Alabama, Gulf Opportunity Zone Revenue Bonds, PowerSouth Energy Cooperative, Refunding Series 2020: | ||||||
1,000 | 5.000%, 8/01/26 – AGM Insured | No Opt. Call | AA | 1,212,370 | ||
1,000 | 5.000%, 8/01/28 – AGM Insured | No Opt. Call | AA | 1,264,690 | ||
1,000 | 5.000%, 8/01/30 – AGM Insured | No Opt. Call | AA | 1,303,770 | ||
14,455 | Lower Alabama Gas District, Alabama, Goldman Sachs Gas Project 2 Revenue Bonds, Series 2020A, 4.000%, 12/01/50 (Mandatory Put 12/01/25) | 9/25 at 100.58 | A2 | 16,475,953 | ||
1,910 | Mobile Spring Hill College Educational Building Authority, Alabama, Revenue Bonds, Spring Hill College Project, Series 2015, 5.000%, 4/15/27 | 4/25 at 100.00 | N/R | 2,019,176 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Alabama (continued) | ||||||
Montgomery Medical Clinic Board, Alabama, Health Care Facility Revenue Bonds, Jackson Hospital & Clinic, Series 2015: | ||||||
$ 2,080 | 5.000%, 3/01/23 | No Opt. Call | BBB- | 2,222,334 | ||
3,555 | 5.000%, 3/01/24 | No Opt. Call | BBB- | 3,910,642 | ||
2,235 | 5.000%, 3/01/25 | No Opt. Call | BBB- | 2,520,253 | ||
1,725 | 5.000%, 3/01/26 | No Opt. Call | BBB- | 1,986,113 | ||
8,285 | Selma Industrial Development Board, Alabama, Gulf Opportunity Zone Revenue Bonds, International Paper Company Project, Refunding Series 2020A, 1.375%, 5/01/34 (Mandatory Put 6/16/25) | No Opt. Call | BBB | 8,467,353 | ||
12,325 | Southeast Alabama Gas Supply District, Alabama, Gas Supply Revenue Bonds, Project 1, Fixed Rate Series 2018A, 4.000%, 4/01/49 (Mandatory Put 4/01/24) | 1/24 at 100.27 | A | 13,486,754 | ||
8,405 | Southeast Alabama Gas Supply District, Alabama, Gas Supply Revenue Bonds, Project 2, Fixed Rate Series 2018A, 4.000%, 6/01/49 (Mandatory Put 6/01/24) | 3/24 at 100.29 | A1 | 9,248,694 | ||
925 | The Improvement District of the City of Mobile - McGowin Park Project, Alabama, Sales Tax Revenue Bonds, Series 2016A, 5.000%, 8/01/25 | No Opt. Call | N/R | 955,627 | ||
6,925 | Tuscaloosa County Industrial Development Authority, Alabama, Gulf Opportunity Zone Bonds, Hunt Refining Project, Refunding Series 2019A, 4.500%, 5/01/32, 144A | 5/29 at 100.00 | N/R | 7,711,888 | ||
150,315 | Total Alabama | 167,051,476 | ||||
Alaska – 0.1% | ||||||
6,025 | Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 5.000%, 6/01/32 | 4/21 at 100.00 | B3 | 6,114,351 | ||
Arizona – 1.9% | ||||||
2,405 | Apache County Industrial Development Authority, Arizona, Pollution Control Revenue Bonds, Tucson Electric Power Company, Series 20102A, 4.500%, 3/01/30 | 3/22 at 100.00 | A- | 2,467,795 | ||
Arizona Board of Regents, Univeristy of Arizona, SPEED Revenue Bonds, Stimulus Plan for Economic and Educational Development, Series 2020C Forward Delivery: | ||||||
940 | 5.000%, 8/01/26 (WI/DD, Settling 5/12/21) | No Opt. Call | Aa3 | 1,142,833 | ||
1,000 | 5.000%, 8/01/29 (WI/DD, Settling 5/12/21) | No Opt. Call | Aa3 | 1,292,920 | ||
6,475 | Arizona Health Facilities Authority, Hospital System Revenue Bonds, Phoenix Children's Hospital, Refunding Series 2012A, 5.000%, 2/01/27 | 2/22 at 100.00 | A1 | 6,724,287 | ||
Arizona Sports and Tourism Authority, Tax Revenue Bonds, Multipurpose Stadium Facility Project, Refunding Senior Series 2012A: | ||||||
10,270 | 5.000%, 7/01/25 | 7/22 at 100.00 | A1 | 10,764,090 | ||
16,235 | 5.000%, 7/01/26 | 7/22 at 100.00 | A1 | 17,005,838 | ||
16,760 | 5.000%, 7/01/27 | 7/22 at 100.00 | A1 | 17,540,848 | ||
Arizona State, Certificates of Participation, Refunding Series 2019A: | ||||||
5,570 | 5.000%, 10/01/26 | No Opt. Call | Aa2 | 6,866,250 | ||
16,880 | 5.000%, 10/01/27 | No Opt. Call | Aa2 | 21,291,926 | ||
12,510 | 5.000%, 10/01/28 | No Opt. Call | Aa2 | 16,129,393 | ||
21,410 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2005, 2.400%, 12/01/35 (Mandatory Put 8/14/23) | No Opt. Call | A+ | 22,398,071 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arizona (continued) | ||||||
$ 2,470 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2007, 2.700%, 12/01/37 (Mandatory Put 8/14/23) (AMT) | No Opt. Call | A+ | 2,594,809 | ||
18,100 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2019, 5.000%, 6/01/49 (Mandatory Put 6/03/24) (AMT) | No Opt. Call | A+ | 20,555,627 | ||
2,000 | Glendale Industrial Development Authority, Arizona, Revenue Bonds, Midwestern University, Refunding Series 2007, 5.000%, 5/15/26 | 5/22 at 100.00 | A+ | 2,088,640 | ||
750 | Glendale Industrial Development Authority, Arizona, Revenue Bonds, Midwestern University, Refunding Series 2020, 4.000%, 5/15/26 | No Opt. Call | AA- | 860,700 | ||
1,950 | Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Legacy Traditional Schools Projects, Taxable Series 2019B, 5.000%, 7/01/39, 144A | 7/29 at 100.00 | BB+ | 2,243,475 | ||
1,010 | Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth, Series 2019A, 4.125%, 9/01/38 | 9/28 at 100.00 | A+ | 1,174,135 | ||
Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth, Series 2021A: | ||||||
450 | 5.000%, 9/01/27 | No Opt. Call | A+ | 565,537 | ||
550 | 5.000%, 9/01/28 | No Opt. Call | A+ | 705,201 | ||
765 | 5.000%, 9/01/31 | 3/31 at 100.00 | A+ | 1,017,392 | ||
3,780 | Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Variable Rate Series 2019B, 0.430%, 1/01/35 (Mandatory Put 10/18/22) (SIFMA reference rate + 0.380% spread) (4) | 4/22 at 100.00 | AA- | 3,774,406 | ||
3,255 | Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Variable Rate Series 2019C, 0.620%, 1/01/35 (Mandatory Put 10/18/24) (SIFMA reference rate + 0.570% spread) (4) | 10/23 at 100.00 | AA- | 3,241,687 | ||
2,510 | Maricopa County Pollution Control Corporation, Arizona, Pollution Control Revenue Bonds, El Paso Electric Company, Refunding Series 2009A, 3.600%, 2/01/40 | 6/29 at 100.00 | BBB+ | 2,743,305 | ||
Northern Arizona University, Revenue Bonds, SPEED - Stimulus Plan Economic Educational Development Fund, Refunding Series 2020B: | ||||||
3,615 | 5.000%, 8/01/26 – AGM Insured | No Opt. Call | AA | 4,382,718 | ||
4,220 | 5.000%, 8/01/27 – AGM Insured | No Opt. Call | AA | 5,243,064 | ||
3,975 | 5.000%, 8/01/28 – AGM Insured | No Opt. Call | AA | 5,043,083 | ||
Northern Arizona University, System Revenue Bonds, Refunding Series 2014: | ||||||
385 | 5.000%, 6/01/22 | No Opt. Call | A+ | 405,948 | ||
430 | 5.000%, 6/01/23 | No Opt. Call | A+ | 471,383 | ||
2,650 | Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Electric Power Company Project, Series 2013A, 4.000%, 9/01/29 | 3/23 at 100.00 | A- | 2,769,860 | ||
655 | Regional Public Transportation Authority, Arizona, Transportation Excise Tax Revenue Bonds, Maricopa County Public Transportation Fund Series 2014, 5.250%, 7/01/23 | No Opt. Call | AA+ | 728,923 | ||
3,925 | Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Tender Option Bond Trust 2015-XF2192 Formerly Tender Option Bond Trust 3284, 13.480%, 12/01/24, 144A (IF) (5) | 12/21 at 100.00 | AA+ | 4,300,426 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arizona (continued) | ||||||
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc Prepay Contract Obligations, Series 2007: | ||||||
$ 1,980 | 5.000%, 12/01/32 | No Opt. Call | A3 | 2,612,056 | ||
830 | 5.000%, 12/01/37 | No Opt. Call | A3 | 1,153,434 | ||
170,710 | Total Arizona | 192,300,060 | ||||
Arkansas – 0.5% | ||||||
14,355 | Arkansas Development Finance Authority, Industrial Development Revenue Bonds, Big River Steel Project, Series 2019, 4.500%, 9/01/49, 144A (AMT) | 9/26 at 103.00 | B- | 15,606,900 | ||
11,335 | Arkansas Development Finance Authority, Revenue Bonds, Baptist Memorial Health Care, Refunding Series 2020B-2, 5.000%, 9/01/44 (Mandatory Put 9/01/27) | 3/27 at 100.00 | BBB+ | 13,572,756 | ||
1,000 | Arkansas State University, Student Fee Revenue Bonds, Jonesboro Campus, Series 2013, 5.000%, 12/01/33 | 12/23 at 100.00 | A1 | 1,117,900 | ||
Little Rock, Arkansas, Hotel and Restaurant Gross Receipts Tax Bonds, Series 2014: | ||||||
500 | 5.000%, 7/01/22 | No Opt. Call | A+ | 523,980 | ||
820 | 5.000%, 7/01/23 | No Opt. Call | A+ | 887,371 | ||
1,610 | 5.000%, 7/01/26 | 7/24 at 100.00 | A+ | 1,839,473 | ||
1,485 | 5.000%, 7/01/28 | 7/24 at 100.00 | A+ | 1,691,682 | ||
1,935 | 5.000%, 7/01/29 | 7/24 at 100.00 | A+ | 2,204,313 | ||
1,000 | 5.000%, 7/01/30 | 7/24 at 100.00 | A+ | 1,139,170 | ||
4,585 | 5.000%, 7/01/34 | 7/24 at 100.00 | A+ | 5,210,669 | ||
Pulaski County Public Facilities Board, Arkansas, Healthcare Revenue Bonds, Baptist Health, Series 2014: | ||||||
2,125 | 5.000%, 12/01/25 | 12/24 at 100.00 | A | 2,430,341 | ||
1,795 | 5.000%, 12/01/27 | 12/24 at 100.00 | A | 2,032,837 | ||
560 | Rogers, Arkansas, Sales and Use Tax Bonds, Improvement Series 2018B, 3.875%, 11/01/39 | 11/26 at 100.00 | AA- | 623,426 | ||
University of Arkansas, Fayetteville, Various Facilities Revenue Bonds, Refunding & Improvement Series 2019A: | ||||||
1,200 | 5.000%, 11/01/34 | 5/29 at 100.00 | Aa2 | 1,519,272 | ||
1,240 | 5.000%, 11/01/35 | 5/29 at 100.00 | Aa2 | 1,563,380 | ||
45,545 | Total Arkansas | 51,963,470 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California – 4.5% | ||||||
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2020A: | ||||||
$ 1,225 | 5.000%, 6/01/31 | 6/30 at 100.00 | A- | 1,607,004 | ||
1,175 | 5.000%, 6/01/32 | 6/30 at 100.00 | A- | 1,533,340 | ||
635 | 5.000%, 6/01/33 | 6/30 at 100.00 | A- | 824,224 | ||
740 | 4.000%, 6/01/34 | 6/30 at 100.00 | A- | 893,802 | ||
1,050 | 4.000%, 6/01/35 | 6/30 at 100.00 | A- | 1,264,326 | ||
1,575 | 4.000%, 6/01/36 | 6/30 at 100.00 | A- | 1,887,543 | ||
375 | 4.000%, 6/01/37 | 6/30 at 100.00 | A- | 447,724 | ||
2,460 | 4.000%, 6/01/38 | 6/30 at 100.00 | A- | 2,927,794 | ||
700 | 4.000%, 6/01/39 | 6/30 at 100.00 | A- | 830,690 | ||
965 | 4.000%, 6/01/40 | 6/30 at 100.00 | A- | 1,142,280 | ||
7,130 | California Health Facilities Financing Authority, Revenue Bonds, Adventist Health System/West, Series 2011A, 3.000%, 3/01/41 (Mandatory Put 3/01/24) | 9/23 at 100.00 | A+ | 7,522,863 | ||
California Health Facilities Financing Authority, Revenue Bonds, Children's Hospital Los Angeles, Series 2017A: | ||||||
1,200 | 5.000%, 8/15/35 | 8/27 at 100.00 | BBB+ | 1,425,000 | ||
1,845 | 5.000%, 8/15/36 | 8/27 at 100.00 | BBB+ | 2,185,144 | ||
20,762 | California Housing Finance Agency, Municipal Certificate Revenue Bonds, Class A Series 2019-2, 4.000%, 3/20/33 | No Opt. Call | BBB+ | 24,082,830 | ||
5,810 | California Housing Finance Agency, Municipal Certificate Revenue Bonds, Class A Series 2021-1, 3.500%, 11/20/35 | No Opt. Call | BBB+ | 6,634,016 | ||
California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A: | ||||||
5,835 | 3.250%, 12/31/32 – AGM Insured (AMT) | 6/28 at 100.00 | AA | 6,326,774 | ||
4,000 | 5.000%, 12/31/33 (AMT) | 6/28 at 100.00 | BBB- | 4,856,360 | ||
5,000 | 5.000%, 12/31/34 (AMT) | 6/28 at 100.00 | BBB- | 6,056,350 | ||
3,530 | California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Refunding Series 2015B-2, 3.125%, 11/01/40 (Mandatory Put 11/03/25) (AMT) | No Opt. Call | A- | 3,921,724 | ||
16,935 | California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Series 2015A-1, 3.375%, 7/01/25 (AMT) | No Opt. Call | A- | 18,853,566 | ||
12,305 | California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Waste Management, Inc Project, Refunding Series 2015B-1, 3.000%, 11/01/25 (AMT) | No Opt. Call | A- | 13,599,609 | ||
1,400 | California State Public Works Board, Lease Revenue Bonds, California State University, Various University Projects, Series 2010B-1, 5.375%, 3/01/25 | 5/21 at 100.00 | Aa3 | 1,405,264 | ||
5,425 | California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014A, 5.250%, 12/01/29 | 12/24 at 100.00 | BB | 6,187,212 | ||
California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A: | ||||||
1,500 | 5.000%, 12/01/27, 144A | 6/26 at 100.00 | BB | 1,760,865 | ||
2,695 | 5.000%, 12/01/31, 144A | 6/26 at 100.00 | BB | 3,095,935 | ||
4,200 | 5.000%, 12/01/36, 144A | 6/26 at 100.00 | BB | 4,758,642 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2018A: | ||||||
$ 2,530 | 5.000%, 12/01/33, 144A | 6/28 at 100.00 | BB | 2,994,179 | ||
3,790 | 5.250%, 12/01/38, 144A | 6/28 at 100.00 | BB | 4,489,823 | ||
915 | California Statewide Communities Development Authority, Revenue Bonds, Huntington Memorial Hospital, Refunding Series 2014B, 5.000%, 7/01/25 | 7/24 at 100.00 | A- | 1,033,310 | ||
15,055 | California Statewide Communities Development Authority, Revenue Bonds, Kaiser Permanente, Series 2009C-1, 5.000%, 4/01/46 (Mandatory Put 11/01/29) | No Opt. Call | AA- | 19,829,392 | ||
15,040 | California Statewide Communities Development Authority, Revenue Bonds, Kaiser Permanente, Series 2009C-3, 5.000%, 4/01/45 (Mandatory Put 11/01/29) | No Opt. Call | AA- | 19,809,635 | ||
215 | California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005G, 5.500%, 7/01/22 (6) | 5/21 at 100.00 | N/R | 204,064 | ||
6,970 | California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System, Series 2003D, 5.000%, 5/01/33 (Mandatory Put 11/01/29) | No Opt. Call | AA- | 9,180,452 | ||
5,025 | California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System, Series 2004L, 5.000%, 4/01/38 (Mandatory Put 11/01/29) | No Opt. Call | AA- | 6,618,578 | ||
Culver City Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment Project, Capital Appreciation Series 2011A: | ||||||
7,475 | 0.000%, 11/01/26 (Pre-refunded 11/01/21) | 11/21 at 66.91 | AA- (7) | 4,997,187 | ||
4,110 | 0.000%, 11/01/28 (Pre-refunded 11/01/21) | 11/21 at 56.33 | AA- (7) | 2,313,108 | ||
Delano, California, Certificates of Participation, Delano Regional Medical Center, Series 2012: | ||||||
2,725 | 5.000%, 1/01/22 (ETM) | No Opt. Call | N/R (7) | 2,819,421 | ||
2,860 | 5.000%, 1/01/23 (ETM) | No Opt. Call | N/R (7) | 3,082,508 | ||
1,635 | 5.000%, 1/01/24 (Pre-refunded 1/01/23) | 1/23 at 100.00 | N/R (7) | 1,762,203 | ||
1,325 | 5.000%, 1/01/25 (Pre-refunded 1/01/23) | 1/23 at 100.00 | N/R (7) | 1,428,085 | ||
El Dorado Union High School District, El Dorado County, California, General Obligation Bonds, Series 2020: | ||||||
1,430 | 5.000%, 8/01/33 – AGM Insured | 8/27 at 100.00 | AA | 1,776,074 | ||
2,200 | 5.000%, 8/01/34 – AGM Insured | 8/27 at 100.00 | AA | 2,725,382 | ||
2,280 | 5.000%, 8/01/35 – AGM Insured | 8/27 at 100.00 | AA | 2,823,392 | ||
26,265 | Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-1, 3.500%, 6/01/36 | 6/22 at 100.00 | BB | 26,742,235 | ||
1,300 | Grant Joint Union High School District, Sacramento County, California, General Obligation Bonds, Capital Appreciation Election 2006 Series 2008, 0.000%, 8/01/26 – AGM Insured | No Opt. Call | A1 | 1,219,569 | ||
Lake Elsinore Public Financing Authority, California, Local Agency Revenue Bonds, Canyon Hills Improvement Area A & C, Series 2014C: | ||||||
1,000 | 5.000%, 9/01/30 | 9/24 at 100.00 | N/R | 1,115,670 | ||
1,015 | 5.000%, 9/01/32 | 9/24 at 100.00 | N/R | 1,126,620 | ||
465 | 5.000%, 9/01/34 | 9/24 at 100.00 | N/R | 514,188 | ||
3,495 | Lake Elsinore Redevelopment Agency, California, Special Tax Bonds, Community Facilities District 90-2, Series 2007A, 4.500%, 10/01/24 – AGM Insured | 5/21 at 100.00 | AA | 3,504,297 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 2,015 | Las Virgenes Unified School District, Los Angeles County, California, General Obligation Bonds, 2006 Election, Series 2009B, 0.000%, 8/01/27 | No Opt. Call | Aa1 | 1,871,814 | ||
19,145 | Los Angeles County, California, Tax and Revenue Anticipation Notes, Series 2020-21, 4.000%, 6/30/21 | No Opt. Call | N/R | 19,329,941 | ||
13,425 | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018D, 5.000%, 5/15/25 (AMT) | No Opt. Call | Aa3 | 15,773,167 | ||
5,000 | Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2014B, 5.000%, 7/01/43 | 1/24 at 100.00 | Aa2 | 5,576,550 | ||
16,010 | Los Angeles, California, General Obligation Bonds, Tax & Revenue Anticipation Notes, Series 2020, 4.000%, 6/24/21 | No Opt. Call | N/R | 16,153,770 | ||
Los Angeles, California, Special Tax Bonds, Community Facilities District 4, Playa Vista Phase I, Series 2014: | ||||||
1,060 | 5.000%, 9/01/24 | No Opt. Call | A+ | 1,217,707 | ||
1,230 | 5.000%, 9/01/25 | 9/24 at 100.00 | A+ | 1,409,174 | ||
985 | 5.000%, 9/01/26 | 9/24 at 100.00 | A+ | 1,128,938 | ||
400 | Menifee Union School District Public Financing Authority, California, Special Tax Revenue Bonds, Series 2016A, 5.000%, 9/01/29 – BAM Insured | 9/25 at 100.00 | AA | 462,040 | ||
5,345 | Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Election of 2008, Series 2013A, 0.000%, 8/01/28 (8) | 2/28 at 100.00 | Aa1 | 6,264,393 | ||
12,565 | M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009A, 6.125%, 11/01/29 | No Opt. Call | A | 16,025,778 | ||
10,105 | M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009C, 6.125%, 11/01/29 | No Opt. Call | A | 12,886,906 | ||
190 | Northern Inyo County Local Hospital District, Inyo County, California, Revenue Bonds, Series 2010, 6.000%, 12/01/21 | 5/21 at 100.00 | B+ | 190,469 | ||
8,010 | Palomar Pomerado Health, California, General Obligation Bonds, Convertible Capital Appreciation, Election 2004 Series 2010A, 6.750%, 8/01/40 | 8/30 at 100.00 | A2 | 10,945,585 | ||
Palomar Pomerado Health, California, General Obligation Bonds, Series 2009A: | ||||||
1,815 | 0.000%, 8/01/21 – AGC Insured | No Opt. Call | AA | 1,813,366 | ||
2,095 | 0.000%, 8/01/22 – AGC Insured | No Opt. Call | AA | 2,084,714 | ||
4,085 | 0.000%, 8/01/23 – AGC Insured | No Opt. Call | AA | 4,035,490 | ||
7,000 | Placentia-Yorba Linda Unified School District, Orange County, California, Certificates of Participation, Refunding Series 2011, 6.000%, 10/01/25 – AGM Insured | 10/21 at 100.00 | AA | 7,187,460 | ||
5,350 | Poway Unified School District, San Diego County, California, General Obligation Bonds, School Facilities Improvement District 2007-1, Series 2011A, 0.000%, 8/01/34 | No Opt. Call | AA- | 4,114,043 | ||
2,410 | Riverside County Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Refunding Series 2014A, 4.000%, 10/01/37 – AGM Insured | 10/24 at 100.00 | AA | 2,572,675 | ||
Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley Project Area, Series 2011B: | ||||||
2,115 | 0.000%, 10/01/34 | No Opt. Call | A | 1,535,723 | ||
2,000 | 0.000%, 10/01/36 | No Opt. Call | A | 1,356,120 | ||
7,000 | Riverside County, California, Tax and Revenue Anticipation Notes, Series 2020, 4.000%, 6/30/21 | No Opt. Call | N/R | 7,068,320 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 14,350 | San Diego Association of Governments, California, Capital Grants Receipts Revenue Bonds, Mid-Coast Corridor Transit Project, Green Series 2019B, 1.800%, 11/15/27 | 11/26 at 100.00 | A- | 14,740,894 | ||
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2014A: | ||||||
5,000 | 5.000%, 1/15/29 | 1/25 at 100.00 | A- | 5,715,250 | ||
24,000 | 5.000%, 1/15/34 | 1/25 at 100.00 | A- | 27,073,680 | ||
Santa Ana Financing Authority, California, Lease Revenue Bonds, Police Administration and Housing Facility, Series 1994A: | ||||||
1,855 | 6.250%, 7/01/24 (ETM) | No Opt. Call | Baa2 (7) | 2,047,623 | ||
3,040 | 6.250%, 7/01/24 | No Opt. Call | Baa2 | 3,357,619 | ||
University of California, General Revenue Bonds, Limited Project Series 2018O: | ||||||
4,595 | 5.000%, 5/15/32 | 5/28 at 100.00 | AA- | 5,825,449 | ||
3,635 | 5.000%, 5/15/33 | 5/28 at 100.00 | AA- | 4,598,130 | ||
2,030 | Victor Elementary School District, San Bernardino County, California, General Obligation Bonds, Series 2002A, 0.000%, 8/01/23 – FGIC Insured | No Opt. Call | Aa3 | 2,003,062 | ||
3,000 | Victor Valley Union High School District, San Bernardino County, California, General Obligation Bonds, Series 2009A, 5.750%, 8/01/31 – AGC Insured | 8/26 at 100.00 | AA | 3,744,930 | ||
Washington Township Health Care District, California, Revenue Bonds, Refunding Series 2015A: | ||||||
1,540 | 5.000%, 7/01/24 | No Opt. Call | Baa2 | 1,735,441 | ||
1,415 | 5.000%, 7/01/25 | No Opt. Call | Baa2 | 1,635,881 | ||
1,450 | 3.250%, 7/01/27 | 7/25 at 100.00 | Baa2 | 1,554,531 | ||
1,435 | 3.500%, 7/01/28 | 7/25 at 100.00 | Baa2 | 1,542,611 | ||
1,355 | 3.750%, 7/01/29 | 7/25 at 100.00 | Baa2 | 1,462,912 | ||
2,500 | West Contra Costa Unified School District, Contra Costa County, California, General Obligation Bonds, Series 2008B, 6.000%, 8/01/25 | No Opt. Call | AA- | 3,060,900 | ||
420,147 | Total California | 469,243,309 | ||||
Colorado – 2.4% | ||||||
Arapahoe County School District 6, Littleton, Colorado, General Obligation Bonds, Series 2019A: | ||||||
1,860 | 5.500%, 12/01/29 | 12/28 at 100.00 | Aa1 | 2,478,357 | ||
1,250 | 5.500%, 12/01/30 | 12/28 at 100.00 | Aa1 | 1,661,313 | ||
1,650 | 5.500%, 12/01/32 | 12/28 at 100.00 | Aa1 | 2,190,359 | ||
1,250 | 5.500%, 12/01/33 | 12/28 at 100.00 | Aa1 | 1,653,475 | ||
9,355 | Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding & Improvement Series 2017, 5.000%, 12/01/29, 144A | 12/22 at 103.00 | N/R | 9,947,826 | ||
1,115 | Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding & Improvement Series 2020A, 4.000%, 12/01/29 | 12/25 at 103.00 | N/R | 1,188,367 | ||
10,000 | Colorado Bridge Enterprise, Revenue Bonds, Central 70 Project, Senior Series 2017, 4.000%, 6/30/51 (AMT) | 12/27 at 100.00 | A- | 10,724,500 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
Colorado Educational and Cultural Facilities Authority, Revenue Bonds, Regis University Project, Refunding Series 2016: | ||||||
$ 1,910 | 5.000%, 10/01/25 | No Opt. Call | Baa2 | 2,231,300 | ||
1,235 | 5.000%, 10/01/30 | 10/25 at 100.00 | Baa2 | 1,395,093 | ||
1,705 | 3.125%, 10/01/31 | 10/25 at 100.00 | Baa2 | 1,757,105 | ||
5,000 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, AdventHealth Obligated Group, Series 2019A, 5.000%, 11/15/39 | 11/29 at 100.00 | AA | 6,323,400 | ||
4,045 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2009B-1, 5.000%, 7/01/29 (Pre-refunded 11/09/22) | 11/22 at 100.00 | BBB+ (7) | 4,349,831 | ||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-1: | ||||||
7,500 | 5.000%, 8/01/27 | No Opt. Call | BBB+ | 9,266,475 | ||
6,730 | 5.000%, 8/01/28 | No Opt. Call | BBB+ | 8,473,810 | ||
4,000 | 5.000%, 8/01/29 | No Opt. Call | BBB+ | 5,116,480 | ||
5,915 | 5.000%, 8/01/30 | 8/29 at 100.00 | BBB+ | 7,520,154 | ||
1,800 | 5.000%, 8/01/31 | 8/29 at 100.00 | BBB+ | 2,277,720 | ||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-2: | ||||||
6,475 | 5.000%, 8/01/27 | No Opt. Call | BBB+ | 8,000,057 | ||
7,020 | 5.000%, 8/01/28 | No Opt. Call | BBB+ | 8,838,952 | ||
1,940 | 5.000%, 8/01/29 | No Opt. Call | BBB+ | 2,481,493 | ||
2,025 | 5.000%, 8/01/30 | 8/29 at 100.00 | BBB+ | 2,574,524 | ||
5,000 | 5.000%, 8/01/31 | 8/29 at 100.00 | BBB+ | 6,327,000 | ||
10,990 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019B-1, 5.000%, 8/01/49 (Mandatory Put 8/01/25) | 2/25 at 100.00 | BBB+ | 12,702,022 | ||
12,420 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019B-2, 5.000%, 8/01/49 (Mandatory Put 8/01/26) | 2/26 at 100.00 | BBB+ | 14,779,427 | ||
2,000 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Covenant Living Communities & Services, Series 2020A, 4.000%, 12/01/40 | 12/27 at 103.00 | A- | 2,232,100 | ||
350 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Series 2013, 5.500%, 6/01/33 (Pre-refunded 6/01/23) | 6/23 at 100.00 | N/R (7) | 389,795 | ||
13,990 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Parkview Medical Center, Series 2016, 3.125%, 9/01/42 | 9/26 at 100.00 | Baa1 | 14,323,522 | ||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, SCL Health System, Refunding Series 2019A: | ||||||
3,490 | 4.000%, 1/01/35 | 1/30 at 100.00 | AA- | 4,131,497 | ||
5,000 | 4.000%, 1/01/37 | 1/30 at 100.00 | AA- | 5,878,500 | ||
8,800 | 4.000%, 1/01/38 | 1/30 at 100.00 | AA- | 10,314,392 | ||
1,500 | Delta County Memorial Hospital District, Colorado, Enterprise Revenue Bonds, Refunding Series 2010, 5.500%, 9/01/25 | 5/21 at 100.00 | BB | 1,504,635 | ||
11,020 | Denver City and County, Colorado, Airport System Revenue Bonds, Series 2012B, 5.000%, 11/15/32 (Pre-refunded 11/15/22) | 11/22 at 100.00 | AA- (7) | 11,877,797 | ||
15,000 | Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2018A, 5.000%, 12/01/24 (AMT) | No Opt. Call | A+ | 17,342,700 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
$ 10,670 | Denver City and County, Colorado, Special Facilities Airport Revenue Bonds, United Airlines, Inc Project, Refunding Series 2017, 5.000%, 10/01/32 (AMT) | 10/23 at 100.00 | B | 11,357,575 | ||
Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel, Refunding Senior Lien Series 2016: | ||||||
1,500 | 5.000%, 12/01/31 | 12/26 at 100.00 | Baa2 | 1,735,800 | ||
500 | 5.000%, 12/01/32 | 12/26 at 100.00 | Baa2 | 576,970 | ||
625 | 5.000%, 12/01/33 | 12/26 at 100.00 | Baa2 | 718,888 | ||
Denver Urban Renewal Authority, Colorado, Tax Increment Revenue Bonds, 9th and Colorado Urban Redevelopement Area, Series 2018A: | ||||||
1,950 | 5.250%, 12/01/39, 144A | 12/23 at 103.00 | N/R | 2,103,114 | ||
820 | 5.250%, 12/01/39, 144A | 12/23 at 103.00 | N/R | 883,698 | ||
El Paso County School District 20, Academy, Colorado, General Obligation Bonds, Refunding Series 2010: | ||||||
2,215 | 5.000%, 12/15/21 | No Opt. Call | Aa1 | 2,290,310 | ||
1,530 | 5.000%, 12/15/22 | 12/21 at 100.00 | Aa1 | 1,581,576 | ||
2,750 | Jefferson County School District R1, Colorado, General Obligation Bonds, Series 2020A, 5.000%, 12/15/27 | No Opt. Call | Aa1 | 3,511,982 | ||
3,467 | Johnstown Plaza Metropolitan District, Colorado, Special Revenue Bonds, Series 2016A, 5.125%, 12/01/31 | 12/21 at 103.00 | N/R | 3,610,256 | ||
540 | Peak Metropolitan District 1, Colorado Springs, El Paso County, Colorado, Limited Tax General Obligation Bonds, Series 2021A, 4.000%, 12/01/35, 144A | 3/26 at 103.00 | N/R | 559,626 | ||
900 | Prairie Center Metropolitan District 7, Brighton, Adams County, Colorado, Limited Tax General Obligation Bonds, Series 2020, 4.125%, 12/15/36 | 12/25 at 103.00 | N/R | 962,595 | ||
1,070 | Pueblo County School District 60, Pueblo, Colorado, General Obligation Bonds, Refunding Series 2009, 5.000%, 12/15/22 | No Opt. Call | Aa2 | 1,157,975 | ||
Regional Transportation District, Colorado, Private Activity Bonds, Denver Transit Partners Eagle P3 Project, Series 2020A: | ||||||
600 | 5.000%, 1/15/28 | No Opt. Call | A- | 740,961 | ||
550 | 5.000%, 7/15/28 | No Opt. Call | A- | 685,439 | ||
750 | 5.000%, 1/15/29 | No Opt. Call | A- | 942,550 | ||
500 | 5.000%, 7/15/29 | No Opt. Call | A- | 632,854 | ||
555 | 5.000%, 1/15/30 | No Opt. Call | A- | 708,078 | ||
445 | 5.000%, 7/15/30 | No Opt. Call | A- | 572,156 | ||
1,000 | 5.000%, 1/15/31 | No Opt. Call | A- | 1,296,154 | ||
8,000 | Regional Transportation District, Colorado, Sales Tax Revenue Bonds, Fastracks Project, Refunding Green Series 2021B, 5.000%, 11/01/28 | No Opt. Call | AA+ | 10,365,758 | ||
1,000 | Spring Mesa Metropolitan District, Jefferson County, Colorado, General Obligation Bonds, Refunding Series 2015, 3.750%, 12/01/44 – AGC Insured | 12/25 at 100.00 | AA | 1,060,770 | ||
730 | Transport Metropolitan District 3, In the City of Aurora, Adams County, Colorado, General Obligation Limited Bonds, Series 2021A-1, 5.000%, 12/01/41 | 3/26 at 103.00 | N/R | 794,635 | ||
216,007 | Total Colorado | 251,103,698 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Connecticut – 1.9% | ||||||
$ 3,890 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hartford HealthCare Issue, Series 2020A, 4.000%, 7/01/36 | 1/30 at 100.00 | A+ | 4,456,423 | ||
1,920 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hartford HealthCare Issue, Series 2020B-1, 5.000%, 7/01/53 (Mandatory Put 1/01/25) | 10/24 at 100.93 | A+ | 2,224,838 | ||
5,570 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hartford HealthCare Issue, Series 2020B-2, 5.000%, 7/01/53 (Mandatory Put 1/01/27) | 10/26 at 100.87 | A+ | 6,828,486 | ||
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Nuvance Health Series 2019A: | ||||||
4,045 | 4.000%, 7/01/34 | 7/29 at 100.00 | A- | 4,600,985 | ||
10,470 | 4.000%, 7/01/35 | 7/29 at 100.00 | A- | 11,861,986 | ||
5,000 | 4.000%, 7/01/36 | 7/29 at 100.00 | A- | 5,637,707 | ||
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Stamford Hospital, Series 2021L-1: | ||||||
700 | 4.000%, 7/01/26 (WI/DD, Settling 4/06/21) | No Opt. Call | BBB+ | 808,277 | ||
700 | 4.000%, 7/01/27 (WI/DD, Settling 4/06/21) | No Opt. Call | BBB+ | 822,560 | ||
700 | 4.000%, 7/01/28 (WI/DD, Settling 4/06/21) | No Opt. Call | BBB+ | 832,766 | ||
600 | 4.000%, 7/01/29 (WI/DD, Settling 4/06/21) | No Opt. Call | BBB+ | 720,432 | ||
21,040 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 1999-U1, 2.000%, 7/01/33 (Mandatory Put 2/08/22) | No Opt. Call | AAA | 21,367,172 | ||
17,020 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2010A-4, 2.000%, 7/01/49 (Mandatory Put 2/08/22) | No Opt. Call | AAA | 17,284,661 | ||
11,190 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2014A, 1.100%, 7/01/48 (Mandatory Put 2/07/23) | No Opt. Call | AAA | 11,364,340 | ||
14,285 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2016A-1, 1.450%, 7/01/42 (Mandatory Put 7/01/22) | No Opt. Call | AAA | 14,514,703 | ||
3,370 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2016A-2, 2.000%, 7/01/42 (Mandatory Put 7/01/26) | No Opt. Call | AAA | 3,590,735 | ||
8,610 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2017B-2, 0.550%, 7/01/37 (Mandatory Put 7/03/23) | No Opt. Call | AAA | 8,616,113 | ||
7,705 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale-New Haven Health Issue, Series 2014D, 1.800%, 7/01/49 (Mandatory Put 7/01/24) | 1/24 at 100.00 | AA- | 7,996,634 | ||
1,170 | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2018D-1, 4.000%, 11/15/38 | 11/27 at 100.00 | AAA | 1,301,063 | ||
1,105 | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2019B-1, 3.300%, 11/15/39 | 11/28 at 100.00 | AAA | 1,176,571 | ||
1,540 | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2019E-1, 2.850%, 11/15/39 | 11/28 at 100.00 | AAA | 1,616,969 | ||
5,835 | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2019F-1, 2.750%, 11/15/37 | 11/28 at 100.00 | AAA | 6,116,189 | ||
Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2020A-1: | ||||||
3,500 | 2.450%, 5/15/38 | 5/29 at 100.00 | AAA | 3,577,245 | ||
9,350 | 3.500%, 11/15/45 | 5/29 at 100.00 | AAA | 10,410,757 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Connecticut (continued) | ||||||
$ 5,000 | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2020D-1, 2.350%, 11/15/40 | 5/30 at 100.00 | AAA | 5,053,100 | ||
12,435 | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2020E-3, 1.850%, 5/15/38 | 5/30 at 100.00 | AAA | 12,127,295 | ||
855 | Connecticut State, General Obligation Bonds, Refunding Series 2012C, 5.000%, 6/01/22 | No Opt. Call | Aa3 | 902,752 | ||
1,360 | Connecticut State, General Obligation Bonds, Refunding Series 2018C, 5.000%, 6/15/22 | No Opt. Call | Aa3 | 1,438,513 | ||
15,000 | Connecticut State, General Obligation Bonds, Refunding Series 2020B, 5.000%, 1/15/22 | No Opt. Call | Aa3 | 15,566,400 | ||
2,580 | Connecticut State, General Obligation Bonds, Series 2013E, 5.000%, 8/15/22 | No Opt. Call | Aa3 | 2,749,325 | ||
5,035 | Connecticut State, General Obligation Bonds, Series 2020A, 5.000%, 1/15/22 | No Opt. Call | Aa3 | 5,225,122 | ||
1,790 | Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes, Refunding Series 20168C, 5.000%, 10/01/23 | No Opt. Call | A+ | 1,998,123 | ||
Stratford, Connecticut, General Obligation Bonds, Series 2014: | ||||||
410 | 5.000%, 12/15/24 (Pre-refunded 12/15/22) | 12/22 at 100.00 | AA- (7) | 443,563 | ||
580 | 5.000%, 12/15/26 (Pre-refunded 12/15/22) | 12/22 at 100.00 | AA- (7) | 627,479 | ||
184,360 | Total Connecticut | 193,859,284 | ||||
Delaware – 0.2% | ||||||
12,440 | Delaware Economic Development Authority, Exempt Facility Revenue Bonds, NRG Energy Project, Refunding Series 2020A, 1.250%, 10/01/45 (Mandatory Put 10/01/25) | 10/25 at 100.00 | BBB- | 12,394,967 | ||
1,000 | Delaware Health Facilities Authority, Revenue Bonds, Bayhealth Medical Center Project, Series 2017A, 4.000%, 7/01/35 | 7/27 at 100.00 | AA | 1,128,960 | ||
Delaware Health Facilities Authority, Revenue Bonds, Nanticoke Memorial Hospital, Series 2013: | ||||||
1,100 | 4.000%, 7/01/22 (ETM) | No Opt. Call | AA- (7) | 1,152,393 | ||
3,995 | 5.000%, 7/01/28 (Pre-refunded 7/01/23) | 7/23 at 100.00 | AA- (7) | 4,407,923 | ||
18,535 | Total Delaware | 19,084,243 | ||||
District of Columbia – 1.1% | ||||||
3,880 | District of Columbia Student Dormitory Revenue Bonds, Provident Group - Howard Properties LLC Issue, Series 2013, 5.000%, 10/01/30 | 10/22 at 100.00 | BB- | 3,889,312 | ||
3,710 | District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2001, 6.500%, 5/15/33 | No Opt. Call | A- | 4,116,505 | ||
159,565 | District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 0.000%, 6/15/46 | 5/21 at 21.31 | N/R | 33,917,136 | ||
11,500 | District of Columbia, Income Tax Secured Revenue Bonds, Refunding Series 2020B, 5.000%, 10/01/27 | No Opt. Call | AAA | 14,605,460 | ||
3,500 | Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Refunding & Subordinate Lien Series 2019B, 4.000%, 10/01/37 | 10/29 at 100.00 | A- | 4,032,910 | ||
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital Improvement Projects, Refunding First Senior Lien Series 2019A: | ||||||
1,250 | 5.000%, 10/01/33 | 10/28 at 100.00 | A | 1,526,700 | ||
1,750 | 5.000%, 10/01/34 | 10/28 at 100.00 | A | 2,130,170 | ||
2,000 | 5.000%, 10/01/35 | 10/28 at 100.00 | A | 2,428,320 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
District of Columbia (continued) | ||||||
$ 8,475 | Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2016A, 4.000%, 10/01/35 (AMT) | 10/26 at 100.00 | Aa3 | 9,484,627 | ||
Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2018A: | ||||||
5,515 | 5.000%, 10/01/26 (AMT) | No Opt. Call | Aa3 | 6,728,576 | ||
4,150 | 5.000%, 10/01/28 (AMT) | No Opt. Call | Aa3 | 5,258,174 | ||
4,155 | 5.000%, 10/01/29 (AMT) | 10/28 at 100.00 | Aa3 | 5,211,326 | ||
Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2020A Forward Delivery: | ||||||
7,000 | 5.000%, 10/01/21 (AMT) | No Opt. Call | Aa3 | 7,160,580 | ||
10,000 | 5.000%, 10/01/22 (AMT) | No Opt. Call | Aa3 | 10,691,400 | ||
5,225 | 5.000%, 10/01/23 (AMT) | No Opt. Call | Aa3 | 5,811,767 | ||
1,250 | Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue Bonds, Series 2018, 5.000%, 7/01/25 | No Opt. Call | AA- | 1,480,388 | ||
232,925 | Total District of Columbia | 118,473,351 | ||||
Florida – 4.0% | ||||||
4,170 | Alachua County Health Facilities Authority, Florida, Health Facilties Revenue Bonds, Shands Teaching Hospital & Clinics, Inc at the University of Florida Project, Refunding Series 2019B-2, 5.000%, 12/01/37 (Mandatory Put 12/01/26) | 6/26 at 100.00 | A | 4,984,443 | ||
12,835 | Broward County School Board, Florida, Certificates of Participation, Series 2015A, 5.000%, 7/01/25 | No Opt. Call | Aa3 | 15,129,770 | ||
Broward County, Florida, Airport System Revenue Bonds, Series 2015A: | ||||||
10,000 | 5.000%, 10/01/34 (AMT) | 10/25 at 100.00 | A1 | 11,625,000 | ||
15,135 | 5.000%, 10/01/35 (AMT) | 10/25 at 100.00 | A1 | 17,565,832 | ||
3,110 | Broward County, Florida, Port Facilities Revenue Bonds, Series 2019B, 2.250%, 9/01/29 (AMT) | No Opt. Call | A1 | 3,062,852 | ||
Cape Coral, Florida, Utility Improvement Assessment Bonds, Refunding Various Areas Series 2017: | ||||||
920 | 2.250%, 9/01/23 – AGM Insured | No Opt. Call | AA | 963,498 | ||
1,370 | 2.500%, 9/01/24 – AGM Insured | No Opt. Call | AA | 1,466,667 | ||
1,315 | 2.750%, 9/01/25 – AGM Insured | No Opt. Call | AA | 1,441,556 | ||
915 | 2.750%, 9/01/26 – AGM Insured | No Opt. Call | AA | 1,006,967 | ||
685 | 3.000%, 9/01/27 – AGM Insured | No Opt. Call | AA | 766,618 | ||
Cape Coral, Florida, Water and Sewer Revenue Bonds, Refunding Series 2015: | ||||||
9,685 | 5.000%, 10/01/32 | 10/25 at 100.00 | A+ | 11,486,991 | ||
7,325 | 5.000%, 10/01/33 | 10/25 at 100.00 | A+ | 8,680,711 | ||
2,030 | Capital Trust Agency, Florida, Educational Facilities Lease Revenue Bonds, Franklin Academy Projects, Series 2020, 5.000%, 12/15/35, 144A | 7/26 at 100.00 | N/R | 2,226,240 | ||
Citizens Property Insurance Corporation, Florida, Coastal Account Senior Secured Bonds, Series 2015A-1: | ||||||
16,445 | 5.000%, 6/01/22 | 12/21 at 100.00 | AA | 16,966,142 | ||
14,640 | 5.000%, 6/01/25 | 12/24 at 100.00 | AA | 17,030,419 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$ 1,600 | Citizens Property Insurance Corporation, Florida, Personal and Commercial Lines Account Bonds, Senior Secured Series 2012A-1, 5.000%, 6/01/21 | No Opt. Call | AA | 1,612,112 | ||
Collier County Educational Facilities Authority, Florida, Revenue Bonds, Hodges University, Refunding Series 2013: | ||||||
1,390 | 4.750%, 11/01/23 | No Opt. Call | BB+ | 1,436,579 | ||
1,860 | 6.000%, 11/01/33 | 11/23 at 100.00 | BB+ | 2,001,174 | ||
1,000 | Davie, Florida, Educational Facilities Revenue Bonds, Nova Southeastern University Project, Series 2013A, 6.000%, 4/01/42 (Pre-refunded 4/01/23) | 4/23 at 100.00 | A- (7) | 1,114,210 | ||
Florida Department of Transportation, Full Faith and Credit Right-of-Way Acquisition and Bridge Construction Bonds, Refunding Series 2021A: | ||||||
13,450 | 5.000%, 7/01/26 (WI/DD, Settling 4/08/21) | No Opt. Call | AAA | 16,552,506 | ||
14,125 | 5.000%, 7/01/27 (WI/DD, Settling 4/08/21) | No Opt. Call | AAA | 17,852,768 | ||
370 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Classical Preparatory Incorporated Project, Series 2017A, 5.000%, 6/15/27, 144A | 6/26 at 100.00 | N/R | 391,264 | ||
1,155 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Mater Academy Projects, Series 2020A, 5.000%, 6/15/35 | 6/27 at 100.00 | BBB | 1,328,816 | ||
30,000 | Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Brightline Passenger Rail Project, Green Series 2019B, 7.375%, 1/01/49, 144A (AMT) | 1/24 at 107.00 | N/R | 29,587,500 | ||
Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project , Series 2019A: | ||||||
44,460 | 6.375%, 1/01/49 (AMT) (Mandatory Put 1/01/26), 144A | 5/21 at 104.00 | N/R | 43,349,389 | ||
30,650 | 6.500%, 1/01/49 (AMT) (Mandatory Put 1/01/29), 144A | 5/21 at 104.00 | N/R | 29,600,237 | ||
3,275 | Florida Governmental Utility Authority, Utility Revenue Bonds, Lake Aqua Utility System, Series 2013A, 4.250%, 10/01/33 | 10/22 at 100.00 | A | 3,447,691 | ||
2,755 | Florida Governmental Utility Authority, Utility Revenue Bonds, Pasco Aqua Utility System, Series 2013A, 4.250%, 10/01/33 (Pre-refunded 10/01/22) | 10/22 at 100.00 | A3 (7) | 2,922,917 | ||
Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Nova Southeastern University Project, Refunding Series 2016: | ||||||
1,250 | 5.000%, 4/01/32 | 4/26 at 100.00 | A- | 1,431,625 | ||
1,750 | 5.000%, 4/01/33 | 4/26 at 100.00 | A- | 1,999,217 | ||
5,965 | 5.000%, 4/01/34 | 4/26 at 100.00 | A- | 6,798,191 | ||
4,290 | 5.000%, 4/01/35 | 4/26 at 100.00 | A- | 4,882,234 | ||
2,450 | Florida Housing Finance Corporation, Homeowner Mortgage Revenue Bonds, Series 2017-1, 3.600%, 7/01/37 | 1/27 at 100.00 | Aaa | 2,615,350 | ||
4,045 | Florida Housing Finance Corporation, Homeowner Mortgage Revenue Bonds, Series 2018-2, 4.050%, 7/01/38 | 1/28 at 100.00 | Aaa | 4,387,895 | ||
6,625 | Florida Housing Finance Corporation, Homeowner Mortgage Revenue Bonds, Series 2019-1, 3.000%, 7/01/39 | 7/28 at 100.00 | Aaa | 6,876,949 | ||
4,195 | Florida Housing Finance Corporation, Homeowner Mortgage Revenue Bonds, Social Series 2021-1, 2.000%, 7/01/41 | 1/30 at 100.00 | Aaa | 4,041,738 | ||
1,145 | Florida Municipal Power Agency, Power Supply Revenue Bonds, All Requirements Project, Refunding Series 2016A, 5.000%, 10/01/30 | 10/26 at 100.00 | AA- | 1,391,851 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$ 9,955 | Florida State Department of Transportation, Federal Highway Reimbursement Revenue Bonds, Indirect GARVEES Series 2021A, 5.000%, 7/01/26 | No Opt. Call | AA | 12,099,622 | ||
11,806 | Highlands County Health Facilities Authority, Florida, Hospital Revenue Bonds, Adventist Health System/Sunbelt Obligated Group, Refunding Series 2012, 2.025%, 11/15/26 (Mandatory Put 11/15/22) | 8/22 at 101.00 | N/R | 12,088,812 | ||
1,940 | Jacksonville, Florida, Special Revenue Bonds, Series 20120C, 5.000%, 10/01/24 | 10/22 at 100.00 | AA | 2,075,955 | ||
5,085 | JEA, Florida, Electric System Revenue Bonds, Subordinated Series Three 2020A, 5.000%, 10/01/27 | No Opt. Call | AA | 6,388,489 | ||
7,005 | Lee County, Florida, Airport Revenue Bonds, Refunding Series 2011A, 5.375%, 10/01/32 – AGM Insured (AMT) | 8/21 at 100.00 | AA | 7,112,527 | ||
6,000 | Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of Miami, Series 2015A, 5.000%, 4/01/35 | 4/25 at 100.00 | A- | 6,844,440 | ||
5,560 | Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of Miami, Series 2018A, 5.000%, 4/01/53 | 4/28 at 100.00 | A- | 6,532,222 | ||
Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Refunding Series 2014B: | ||||||
2,705 | 5.000%, 7/01/24 | No Opt. Call | A | 3,082,699 | ||
1,415 | 5.000%, 7/01/27 | 7/24 at 100.00 | A | 1,609,647 | ||
5,175 | Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Refunding Series 2012A, 5.000%, 10/01/22 (AMT) | No Opt. Call | A2 | 5,524,778 | ||
5,015 | Miami-Dade County, Florida, Special Obligation Bonds, Capital Asset Acquisition, Series 2010E, 5.250%, 4/01/30 | 4/21 at 100.00 | AA | 5,026,133 | ||
Orlando, Florida, Tourist Development Tax Revenue Bonds, 6th Cent Contract Payments, Refunding Senior Series 2017A: | ||||||
4,000 | 5.000%, 11/01/32 – AGM Insured | 11/27 at 100.00 | AA | 4,962,400 | ||
2,015 | 5.000%, 11/01/34 – AGM Insured | 11/27 at 100.00 | AA | 2,490,379 | ||
1,000 | Osceola County, Florida, Transportation Revenue Bonds, Osceola Parkway, Refunding & Improvement Series 2019A-1, 5.000%, 10/01/44 | 10/29 at 100.00 | BBB+ | 1,224,370 | ||
2,525 | Palm Beach County Health Facilities Authority, Florida, Hospital Revenue Bonds, BRCH Corporation Obligated Group, Refunding Series 2014, 5.000%, 12/01/31 (Pre-refunded 12/01/24) | 12/24 at 100.00 | N/R (7) | 2,945,059 | ||
4,235 | Palm Beach County School Board, Florida, Certificates of Participation, Series 2014B, 5.000%, 8/01/22 | No Opt. Call | Aa3 | 4,505,024 | ||
Palm Beach County Solid Waste Authority, Florida, Revenue Bonds, Refunding Series 2011: | ||||||
175 | 5.000%, 10/01/25 (Pre-refunded 10/01/21) | 10/21 at 100.00 | N/R (7) | 179,120 | ||
9,825 | 5.000%, 10/01/25 | 10/21 at 100.00 | AA+ | 10,055,396 | ||
4,830 | South Florida Water Management District, Certificates of Participation, Series 2015, 5.000%, 10/01/33 | 4/26 at 100.00 | AA | 5,754,172 | ||
1,700 | Tampa, Florida, Capital Improvement Cigarette Tax Allocation Bonds, H Lee Moffitt Cancer Center Project, Series 2020A, 0.000%, 9/01/34 | 9/30 at 86.77 | A+ | 1,184,696 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
Tampa, Florida, Cigarette Tax Allocation Bonds, H Lee Moffitt Cancer Center Project, Refunding & Capital Improvement Series 2012A: | ||||||
$ 645 | 5.000%, 9/01/22 | No Opt. Call | A+ | 687,106 | ||
2,850 | 5.000%, 9/01/23 | 9/22 at 100.00 | A+ | 3,033,283 | ||
1,280 | 3.125%, 9/01/24 | 9/22 at 100.00 | A+ | 1,326,413 | ||
1,290 | 5.000%, 9/01/25 | 9/22 at 100.00 | A+ | 1,368,445 | ||
1,500 | 5.000%, 9/01/27 | 9/22 at 100.00 | A+ | 1,585,995 | ||
2,000 | 5.000%, 9/01/28 | 9/22 at 100.00 | A+ | 2,110,880 | ||
6,150 | 4.000%, 9/01/33 | 9/22 at 100.00 | A+ | 6,349,014 | ||
386,066 | Total Florida | 418,172,995 | ||||
Georgia – 1.7% | ||||||
Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2012B: | ||||||
1,500 | 5.000%, 1/01/28 | 1/22 at 100.00 | Aa3 | 1,553,040 | ||
1,650 | 5.000%, 1/01/37 | 1/22 at 100.00 | Aa3 | 1,705,968 | ||
Atlanta, Georgia, Airport Passenger Facilities Charge and General Revenue Bonds, Refunding Subordinate Lien Series 2014A: | ||||||
11,070 | 5.000%, 1/01/27 | 1/24 at 100.00 | Aa3 | 12,433,381 | ||
4,280 | 5.000%, 1/01/29 | 1/24 at 100.00 | Aa3 | 4,798,394 | ||
6,750 | 5.000%, 1/01/30 | 1/24 at 100.00 | Aa3 | 7,563,645 | ||
14,810 | Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2018C, 4.000%, 11/01/37 | 11/27 at 100.00 | Aa2 | 17,309,928 | ||
2,215 | Burke County Development Authority, Georgia, Pollution Control Revenue Bonds, Georgia Power Company Vogtle Plant, First Series 2008, 1.650%, 11/01/48 (Mandatory Put 6/18/21) | No Opt. Call | A- | 2,221,047 | ||
Chatham County Hospital Authority, Georgia, Seven Mill Tax Pledge Revenue Bonds, Memorial Health University Medical Center, Inc, Refunding & Improvement Series 2012A: | ||||||
3,340 | 5.000%, 1/01/23 (Pre-refunded 1/01/22) | 1/22 at 100.00 | N/R (7) | 3,458,804 | ||
5,560 | 5.000%, 1/01/24 (Pre-refunded 1/01/22) | 1/22 at 100.00 | N/R (7) | 5,757,769 | ||
8,990 | 5.000%, 1/01/25 (Pre-refunded 1/01/22) | 1/22 at 100.00 | N/R (7) | 9,309,774 | ||
14,665 | Columbus Medical Center Hospital Authority, Georgia, Revenue Anticipation Certificates, Piedmont Health, Series 2019B, 5.000%, 7/01/54 (Mandatory Put 7/01/29) | 1/29 at 100.00 | AA- | 18,651,974 | ||
Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2018A: | ||||||
3,590 | 3.600%, 12/01/33 | 6/27 at 100.00 | AAA | 3,825,935 | ||
5,935 | 3.850%, 12/01/38 | 6/27 at 100.00 | AAA | 6,318,401 | ||
1,850 | Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2018B, 3.800%, 12/01/33 | 12/27 at 100.00 | AAA | 1,951,546 | ||
Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2019A: | ||||||
2,910 | 3.050%, 12/01/34 | 6/28 at 100.00 | AAA | 3,110,266 | ||
4,000 | 3.350%, 12/01/39 | 6/28 at 100.00 | AAA | 4,284,840 | ||
8,285 | Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2019B, 2.950%, 12/01/39 | 12/28 at 100.00 | AAA | 8,698,919 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Georgia (continued) | ||||||
$ 6,355 | Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Sub Series 2015A-1, 3.700%, 12/01/35 | 12/24 at 100.00 | AAA | 6,675,483 | ||
10,000 | Georgia State, General Obligation Bonds, Series 2018A, 5.000%, 7/01/28 | No Opt. Call | AAA | 12,948,000 | ||
26,600 | Main Street Natural Gas Inc, Georgia, Gas Supply Revenue Bonds, Series 2019B, 4.000%, 8/01/49 (Mandatory Put 12/02/24) | 9/24 at 100.43 | Aa1 | 29,613,514 | ||
10,620 | Main Street Natural Gas Inc, Georgia, Gas Supply Revenue Bonds, Series 2019C, 4.000%, 3/01/50 (Mandatory Put 9/01/26) | 6/26 at 100.50 | A3 | 12,245,391 | ||
2,785 | Municipal Gas Authority of Georgia, Gas Revenue Bonds, Gas Portfolio III Project, Series 2014U, 5.000%, 10/01/21 | No Opt. Call | AA- | 2,850,141 | ||
157,760 | Total Georgia | 177,286,160 | ||||
Guam – 0.0% | ||||||
4,060 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2013, 5.500%, 7/01/43 (Pre-refunded 7/01/23) | 7/23 at 100.00 | A- (7) | 4,524,870 | ||
Hawaii – 0.7% | ||||||
8,310 | Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaiian Electric Company, Inc and Subsidiary Projects, Refunding Series 2019, 3.200%, 7/01/39 | 7/29 at 100.00 | Baa2 | 8,891,617 | ||
10,785 | Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaiian Electric Company, Inc and Subsidiary Projects, Series 2017A, 3.100%, 5/01/26 (AMT) | No Opt. Call | A- | 11,760,827 | ||
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Queens Health Systems, Series 2015A: | ||||||
5,500 | 5.000%, 7/01/26 | 7/25 at 100.00 | AA- | 6,488,405 | ||
4,510 | 5.000%, 7/01/27 | 7/25 at 100.00 | AA- | 5,293,612 | ||
7,825 | 5.000%, 7/01/28 | 7/25 at 100.00 | AA- | 9,138,270 | ||
9,180 | 5.000%, 7/01/29 | 7/25 at 100.00 | AA- | 10,666,701 | ||
15,450 | HAWAIIAN ELECTRIC COMPANY INC and Its Subsidiaries, Special Purpose Revenue Bonds, Deparment of Budget and Finance of the State of Hawaii, Series 2015, 3.250%, 1/01/25 (AMT) | No Opt. Call | A- | 16,657,417 | ||
61,560 | Total Hawaii | 68,896,849 | ||||
Idaho – 0.2% | ||||||
560 | Boise City, Idaho, Airport Revenue Bonds, Aircraft Maintenance Facilities Project, Subordinate Series 2015, 3.750%, 9/01/32 (AMT) | 9/25 at 100.00 | A2 | 601,748 | ||
3,100 | Idaho Health Facilities Authority, Revenue Bonds, Saint Luke's Health System Project, Series 2014A, 4.125%, 3/01/37 | 3/24 at 100.00 | A- | 3,257,666 | ||
1,000 | Idaho Housing and Finance Association, Nonprofit Facilities Revenue Bonds, Victory Charter School, Inc Project, Refunding Series 2016A, 5.000%, 7/01/39 | 7/26 at 100.00 | BBB- | 1,096,050 | ||
1,760 | Idaho Housing and Finance Association, Single Family Mortgage Revenue Bonds, Series 2019C, 2.900%, 7/01/39 | 1/29 at 100.00 | Aa1 | 1,836,507 | ||
Madison County School District 321, Idaho, General Obligation Bonds, Sales Tax and Credit Enhancement Guaranty, Refunding Series 2014B: | ||||||
2,595 | 5.000%, 8/15/21 | No Opt. Call | Aaa | 2,640,776 | ||
2,710 | 5.000%, 8/15/22 | No Opt. Call | Aaa | 2,888,643 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Idaho (continued) | ||||||
$ 12,005 | Nez Perce County, Idaho, Pollution Control Revenue Bonds, Potlatch Corporation Project, Refunding Series 2016, 2.750%, 10/01/24 | No Opt. Call | BBB- | 12,421,934 | ||
23,730 | Total Idaho | 24,743,324 | ||||
Illinois – 10.1% | ||||||
1,850 | Bartlett, Illinois, Tax Increment Revenue Bonds, Barlett Quarry Redev Project, Senior Lien Series 2016, 4.000%, 1/01/24 | 1/22 at 100.00 | N/R | 1,855,384 | ||
4,700 | Berwyn, Cook County, Illinois, General Obligation Bonds, Series 2014A, 5.000%, 12/01/34 | 12/24 at 100.00 | BBB | 4,987,781 | ||
Bolingbrook, Will and DuPage Counties, Illinois, General Obligation Bonds, Refunding Series 2013A: | ||||||
2,800 | 0.000%, 1/01/30 (Pre-refunded 7/01/23) | 7/23 at 72.73 | A2 (7) | 2,024,064 | ||
2,550 | 0.000%, 1/01/31 (Pre-refunded 7/01/23) | 7/23 at 68.95 | A2 (7) | 1,747,515 | ||
2,760 | 0.000%, 1/01/32 (Pre-refunded 7/01/23) | 7/23 at 65.29 | A2 (7) | 1,790,992 | ||
4,000 | 0.000%, 1/01/33 (Pre-refunded 7/01/23) | 7/23 at 61.69 | A2 (7) | 2,452,680 | ||
Cary, Illinois, Special Tax Bonds, Special Service Area 1, Refunding Series 2016: | ||||||
429 | 2.150%, 3/01/23 – BAM Insured | No Opt. Call | AA | 441,492 | ||
444 | 2.350%, 3/01/24 – BAM Insured | No Opt. Call | AA | 464,770 | ||
952 | 2.700%, 3/01/26 – BAM Insured | 3/25 at 100.00 | AA | 1,015,165 | ||
1,040 | 2.900%, 3/01/28 – BAM Insured | 3/25 at 100.00 | AA | 1,106,581 | ||
959 | 3.050%, 3/01/30 – BAM Insured | 3/25 at 100.00 | AA | 1,016,214 | ||
Cary, Illinois, Special Tax Bonds, Special Service Area 2, Refunding Series 2016: | ||||||
585 | 2.150%, 3/01/23 – BAM Insured | No Opt. Call | AA | 602,035 | ||
610 | 2.350%, 3/01/24 – BAM Insured | No Opt. Call | AA | 638,536 | ||
944 | 2.700%, 3/01/26 – BAM Insured | 3/25 at 100.00 | AA | 1,006,634 | ||
1,411 | 2.900%, 3/01/28 – BAM Insured | 3/25 at 100.00 | AA | 1,501,332 | ||
1,436 | 3.050%, 3/01/30 – BAM Insured | 3/25 at 100.00 | AA | 1,521,672 | ||
29,585 | Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2016, 6.000%, 4/01/46 | 4/27 at 100.00 | A- | 35,365,909 | ||
Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2017: | ||||||
1,860 | 5.000%, 4/01/33 | 4/27 at 100.00 | A- | 2,166,082 | ||
1,000 | 5.000%, 4/01/42 | 4/27 at 100.00 | A- | 1,141,970 | ||
1,150 | Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2018, 5.000%, 4/01/37 | 4/28 at 100.00 | A- | 1,351,423 | ||
10,900 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017B, 7.000%, 12/01/42, 144A | 12/27 at 100.00 | BB- | 13,951,237 | ||
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017C: | ||||||
3,125 | 5.000%, 12/01/27 | No Opt. Call | BB | 3,747,250 | ||
12,385 | 5.000%, 12/01/30 | 12/27 at 100.00 | BB | 14,684,771 | ||
2,600 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017D, 5.000%, 12/01/31 | 12/27 at 100.00 | BB | 3,070,600 | ||
8,925 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017H, 5.000%, 12/01/36 | 12/27 at 100.00 | BB | 10,384,862 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2018A: | ||||||
$ 9,745 | 4.000%, 12/01/21 | No Opt. Call | BB | 9,976,346 | ||
5,795 | 4.000%, 12/01/22 | No Opt. Call | BB | 6,101,034 | ||
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2018C: | ||||||
1,200 | 5.000%, 12/01/22 | No Opt. Call | BB | 1,283,076 | ||
2,885 | 5.000%, 12/01/23 | No Opt. Call | BB | 3,184,059 | ||
2,300 | 5.000%, 12/01/24 | No Opt. Call | BB | 2,605,900 | ||
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2019A: | ||||||
1,860 | 0.000%, 12/01/25 | No Opt. Call | BB | 1,720,574 | ||
2,545 | 0.000%, 12/01/26 | No Opt. Call | BB | 2,277,342 | ||
4,000 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2021B, 5.000%, 12/01/31 | 12/30 at 100.00 | BB | 4,955,732 | ||
19,585 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2017A, 7.000%, 12/01/46, 144A | 12/27 at 100.00 | BB- | 24,902,132 | ||
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2021A: | ||||||
1,000 | 5.000%, 12/01/33 | 12/30 at 100.00 | BB | 1,228,262 | ||
5,300 | 5.000%, 12/01/36 | 12/30 at 100.00 | BB | 6,454,735 | ||
5,950 | Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Second Lien Series 2020A, 5.000%, 12/01/45 | 12/29 at 100.00 | A+ | 7,258,464 | ||
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2011: | ||||||
3,530 | 5.250%, 12/01/25 (Pre-refunded 12/01/21) | 12/21 at 100.00 | AA (7) | 3,649,561 | ||
3,235 | 5.250%, 12/01/26 (Pre-refunded 12/01/21) | 12/21 at 100.00 | AA (7) | 3,344,569 | ||
Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Refunding Senior Lien Series 2015A: | ||||||
5,710 | 5.000%, 1/01/33 (AMT) | 1/25 at 100.00 | A | 6,532,468 | ||
4,225 | 5.000%, 1/01/34 (AMT) | 1/25 at 100.00 | A | 4,823,514 | ||
Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Senior Lien Series 2018B: | ||||||
2,500 | 5.000%, 1/01/36 | 1/29 at 100.00 | A | 3,069,725 | ||
3,000 | 5.000%, 1/01/37 | 1/29 at 100.00 | A | 3,672,030 | ||
4,000 | 5.000%, 1/01/38 | 1/29 at 100.00 | A | 4,882,800 | ||
17,615 | Chicago, Illinois, General Obligation Bonds, Project & Refunding Series 2017A, 6.000%, 1/01/38 | 1/27 at 100.00 | BBB+ | 21,204,585 | ||
Chicago, Illinois, General Obligation Bonds, Refunding Series 2016C: | ||||||
2,080 | 5.000%, 1/01/23 (ETM) | No Opt. Call | N/R (7) | 2,252,058 | ||
4,745 | 5.000%, 1/01/23 | No Opt. Call | BBB+ | 5,058,455 | ||
7,600 | 5.000%, 1/01/24 | No Opt. Call | BBB+ | 8,363,192 | ||
4,440 | 5.000%, 1/01/25 | No Opt. Call | BBB+ | 5,020,663 | ||
2,025 | 5.000%, 1/01/26 | No Opt. Call | BBB+ | 2,344,403 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
$ 1,525 | Cook County Community College District 508, Illinois, General Obligation Bonds, Chicago City Colleges, Series 2013, 5.000%, 12/01/24 | 12/23 at 100.00 | A+ | 1,679,452 | ||
Cook County, Illinois, General Obligation Bonds, Refunding Series 2012C: | ||||||
2,830 | 5.000%, 11/15/21 | No Opt. Call | A+ | 2,913,428 | ||
2,400 | 5.000%, 11/15/22 | No Opt. Call | A+ | 2,584,776 | ||
2,260 | Cook County, Illinois, General Obligation Bonds, Refunding Series 2016A, 5.000%, 11/15/21 | No Opt. Call | A+ | 2,326,625 | ||
Cook County, Illinois, General Obligation Bonds, Refunding Series 2021A: | ||||||
3,900 | 5.000%, 11/15/26 | No Opt. Call | A+ | 4,777,948 | ||
2,000 | 5.000%, 11/15/27 | No Opt. Call | A+ | 2,505,052 | ||
3,345 | Cook County, Illinois, Sales Tax Revenue Bonds, Series 2021A, 4.000%, 11/15/39 | 11/30 at 100.00 | AA- | 3,916,170 | ||
Effingham and Clay Counties Community Unit School District Number 40, Effingham, Illinois, General Obligation Bonds, School Series 2019A: | ||||||
1,000 | 4.000%, 12/01/30 – BAM Insured | 12/27 at 100.00 | AA | 1,179,940 | ||
1,000 | 4.000%, 12/01/34 – BAM Insured | 12/27 at 100.00 | AA | 1,128,540 | ||
1,395 | 4.000%, 12/01/35 – BAM Insured | 12/27 at 100.00 | AA | 1,561,172 | ||
1,455 | 4.000%, 12/01/36 – BAM Insured | 12/27 at 100.00 | AA | 1,623,722 | ||
500 | Huntley, Illinois, Special Tax Bonds, Special Service Area 10, Refunding Series 2017, 2.800%, 3/01/25 – BAM Insured | No Opt. Call | AA | 530,935 | ||
Huntley, Illinois, Special Tax Bonds, Special Service Area 9, Refunding Series 2017: | ||||||
873 | 2.400%, 3/01/23 – BAM Insured | No Opt. Call | AA | 900,028 | ||
923 | 2.600%, 3/01/24 – BAM Insured | No Opt. Call | AA | 965,726 | ||
1,022 | 3.000%, 3/01/26 – BAM Insured | No Opt. Call | AA | 1,106,591 | ||
1,052 | 3.150%, 3/01/27 – BAM Insured | 3/26 at 100.00 | AA | 1,133,530 | ||
6,815 | Illinois Finance Authority, Revenue Bonds, Advocate Health Care Network, Refunding Series 2008A-2, 4.000%, 11/01/30 | No Opt. Call | AA | 7,661,968 | ||
7,370 | Illinois Finance Authority, Revenue Bonds, Advocate Health Care Network, Refunding Series 2008A-3, 5.000%, 11/01/30 | No Opt. Call | AA | 8,704,265 | ||
1,070 | Illinois Finance Authority, Revenue Bonds, Advocate Health Care Network, Refunding Series 2014, 5.000%, 8/01/23 | No Opt. Call | AA | 1,180,338 | ||
8,500 | Illinois Finance Authority, Revenue Bonds, Advocate Health Care Network, Series 2008A-1, 4.000%, 11/01/30 | No Opt. Call | AA | 9,558,080 | ||
3,245 | Illinois Finance Authority, Revenue Bonds, Advocate Health Care Network, Series 2012, 5.000%, 6/01/42 (Pre-refunded 6/01/22) | 6/22 at 100.00 | AA (7) | 3,428,570 | ||
6,400 | Illinois Finance Authority, Revenue Bonds, Ann & Robert H Lurie Children's Hospital of Chicago, Refunding Series 2017, 4.000%, 8/15/39 | 8/27 at 100.00 | AA | 7,141,632 | ||
2,000 | Illinois Finance Authority, Revenue Bonds, Art Institute of Chicago, Series 2016, 5.000%, 3/01/30 | 3/26 at 100.00 | AA- | 2,354,480 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Illinois Finance Authority, Revenue Bonds, Ascension Health/fkaPresence Health Network, Series 2016C: | ||||||
$ 2,400 | 3.625%, 2/15/32 | 2/27 at 100.00 | AA+ | 2,663,160 | ||
10,000 | 3.750%, 2/15/34 | 2/27 at 100.00 | AA+ | 11,112,600 | ||
70 | 4.000%, 2/15/41 (Pre-refunded 2/15/27) | 2/27 at 100.00 | N/R (7) | 82,492 | ||
1,505 | 4.000%, 2/15/41 (Pre-refunded 2/15/27) | 2/27 at 100.00 | N/R (7) | 1,773,582 | ||
32,435 | 4.000%, 2/15/41 | 2/27 at 100.00 | AA+ | 36,175,729 | ||
13,685 | Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2012, 5.000%, 9/01/27 | 9/22 at 100.00 | AA+ | 14,513,216 | ||
Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2014A: | ||||||
475 | 5.000%, 9/01/26 | 9/24 at 100.00 | AA+ | 543,419 | ||
1,205 | 5.000%, 9/01/27 | 9/24 at 100.00 | AA+ | 1,376,375 | ||
775 | 5.000%, 9/01/29 | 9/24 at 100.00 | AA+ | 880,447 | ||
2,450 | 5.000%, 9/01/34 | 9/24 at 100.00 | AA+ | 2,760,489 | ||
2,825 | 4.625%, 9/01/39 | 9/24 at 100.00 | AA+ | 3,074,589 | ||
7,015 | 5.000%, 9/01/42 | 9/24 at 100.00 | AA+ | 7,804,468 | ||
Illinois Finance Authority, Revenue Bonds, Ingalls Health System, Series 2013: | ||||||
1,390 | 5.000%, 5/15/23 (Pre-refunded 5/15/22) | 5/22 at 100.00 | A1 (7) | 1,461,599 | ||
1,120 | 5.000%, 5/15/25 (Pre-refunded 5/15/22) | 5/22 at 100.00 | A1 (7) | 1,177,691 | ||
1,175 | 5.000%, 5/15/26 (Pre-refunded 5/15/22) | 5/22 at 100.00 | A1 (7) | 1,235,524 | ||
Illinois Finance Authority, Revenue Bonds, Memorial Health System, Series 2019: | ||||||
2,500 | 5.000%, 4/01/31 | 4/29 at 100.00 | AA- | 3,123,475 | ||
1,300 | 5.000%, 4/01/32 | 4/29 at 100.00 | AA- | 1,618,006 | ||
4,500 | 5.000%, 4/01/34 | 4/29 at 100.00 | AA- | 5,559,165 | ||
7,610 | 5.000%, 4/01/36 | 4/29 at 100.00 | AA- | 9,350,940 | ||
5,205 | Illinois Finance Authority, Revenue Bonds, Mercy Health Corporation, Series 2016, 5.000%, 12/01/24 | No Opt. Call | A3 | 6,017,917 | ||
Illinois Finance Authority, Revenue Bonds, Northwest Community Hospital, Refunding Series 2016A: | ||||||
2,370 | 5.000%, 7/01/33 | 7/26 at 100.00 | A | 2,774,535 | ||
3,170 | 5.000%, 7/01/34 | 7/26 at 100.00 | A | 3,702,719 | ||
5,000 | 5.000%, 7/01/35 | 7/26 at 100.00 | A | 5,827,750 | ||
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2015A: | ||||||
1,000 | 5.000%, 11/15/27 | 11/25 at 100.00 | A | 1,178,980 | ||
1,885 | 5.000%, 11/15/28 | 11/25 at 100.00 | A | 2,210,294 | ||
2,000 | 5.000%, 11/15/29 | 11/25 at 100.00 | A | 2,332,400 | ||
2,950 | Illinois Finance Authority, Revenue Bonds, Roosevelt University, Series 2007, 5.400%, 4/01/27 | 5/21 at 100.00 | B | 2,956,077 | ||
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Refunding Series 2015C: | ||||||
2,215 | 5.000%, 8/15/35 | 8/25 at 100.00 | A3 | 2,509,927 | ||
5,000 | 5.000%, 8/15/44 | 8/25 at 100.00 | A3 | 5,589,400 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Illinois FInance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises, Inc, Refunding Series 2017C: | ||||||
$ 1,150 | 5.000%, 3/01/32 | 3/27 at 100.00 | AA- | 1,376,918 | ||
2,750 | 5.000%, 3/01/33 | 3/27 at 100.00 | AA- | 3,282,950 | ||
1,650 | 5.000%, 3/01/34 | 3/27 at 100.00 | AA- | 1,964,243 | ||
1,800 | 4.000%, 3/01/35 | 3/27 at 100.00 | AA- | 1,999,530 | ||
1,205 | Illinois Health Facilities Authority, Revenue Bonds, Advocate Healthcare Network, Series 2003A Remarketing 07/21/16, 1.375%, 11/15/22 | 7/21 at 101.00 | AA | 1,218,243 | ||
4,005 | Illinois Housing Development Authority, Revenue Bonds, Series 2019D, 2.950%, 10/01/39 | 4/29 at 100.00 | Aaa | 4,111,012 | ||
Illinois State, General Obligation Bonds, February Series 2014: | ||||||
4,060 | 5.000%, 2/01/23 | No Opt. Call | BBB- | 4,370,549 | ||
5,745 | 5.000%, 2/01/24 | No Opt. Call | BBB- | 6,393,553 | ||
4,840 | 5.000%, 2/01/25 | 2/24 at 100.00 | BBB- | 5,359,380 | ||
4,675 | 5.000%, 2/01/26 | 2/24 at 100.00 | BBB- | 5,143,949 | ||
6,050 | 5.000%, 2/01/27 | 2/24 at 100.00 | BBB- | 6,648,527 | ||
2,615 | Illinois State, General Obligation Bonds, June Series 2016, 3.500%, 6/01/29 | 6/26 at 100.00 | BBB- | 2,821,219 | ||
Illinois State, General Obligation Bonds, March Series 2021A: | ||||||
2,750 | 5.000%, 3/01/25 | No Opt. Call | BBB- | 3,150,109 | ||
2,750 | 5.000%, 3/01/26 | No Opt. Call | BBB- | 3,220,359 | ||
1,800 | Illinois State, General Obligation Bonds, May Series 2014, 5.000%, 5/01/32 | 5/24 at 100.00 | BBB- | 1,957,410 | ||
1,120 | Illinois State, General Obligation Bonds, May Series 2020, 5.500%, 5/01/30 | No Opt. Call | BBB- | 1,431,371 | ||
12,200 | Illinois State, General Obligation Bonds, November Series 2016, 5.000%, 11/01/26 | No Opt. Call | BBB- | 14,473,836 | ||
6,370 | Illinois State, General Obligation Bonds, November Series 2017C, 5.000%, 11/01/29 | 11/27 at 100.00 | BBB- | 7,443,026 | ||
Illinois State, General Obligation Bonds, November Series 2017D: | ||||||
3,505 | 5.000%, 11/01/21 | No Opt. Call | BBB- | 3,593,747 | ||
26,610 | 5.000%, 11/01/23 | No Opt. Call | BBB- | 29,327,413 | ||
4,705 | 5.000%, 11/01/24 | No Opt. Call | BBB- | 5,319,473 | ||
5,730 | 5.000%, 11/01/25 | No Opt. Call | BBB- | 6,629,438 | ||
4,865 | 3.250%, 11/01/26 | No Opt. Call | BBB- | 5,326,640 | ||
3,925 | 5.000%, 11/01/26 | No Opt. Call | BBB- | 4,624,474 | ||
11,665 | 5.000%, 11/01/27 | No Opt. Call | BBB- | 13,905,030 | ||
5,810 | 5.000%, 11/01/28 | 11/27 at 100.00 | BBB- | 6,858,705 | ||
10,000 | Illinois State, General Obligation Bonds, November Series 2019A, 5.000%, 11/01/22 | No Opt. Call | BBB- | 10,667,700 | ||
2,000 | Illinois State, General Obligation Bonds, November Series 2019B, 5.000%, 11/01/30 | 11/29 at 100.00 | BBB- | 2,443,680 | ||
3,250 | Illinois State, General Obligation Bonds, Refunding March Series 2021C, 4.000%, 3/01/24 | No Opt. Call | BBB- | 3,532,695 | ||
1,600 | Illinois State, General Obligation Bonds, Refunding September Series 2018B, 5.000%, 10/01/32 | 10/28 at 100.00 | BBB- | 1,895,421 | ||
Illinois State, General Obligation Bonds, Refunding Series 2012: | ||||||
6,205 | 5.000%, 8/01/21 | No Opt. Call | BBB- | 6,294,476 | ||
15,265 | 5.000%, 8/01/22 | No Opt. Call | BBB- | 16,132,052 | ||
335 | 5.000%, 8/01/25 | 8/22 at 100.00 | BBB- | 352,058 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
$ 2,870 | Illinois State, General Obligation Bonds, Series 2012, 4.000%, 9/01/21 | No Opt. Call | BBB- | 2,910,352 | ||
12,210 | Illinois State, General Obligation Bonds, Series 2012A, 4.000%, 1/01/22 | No Opt. Call | BBB- | 12,517,936 | ||
Illinois State, General Obligation Bonds, Series 2013: | ||||||
5,675 | 5.500%, 7/01/25 | 7/23 at 100.00 | BBB- | 6,221,446 | ||
2,835 | 5.500%, 7/01/26 | 7/23 at 100.00 | BBB- | 3,101,462 | ||
2,085 | 5.500%, 7/01/27 | 7/23 at 100.00 | BBB- | 2,272,921 | ||
7,560 | 5.250%, 7/01/29 | 7/23 at 100.00 | BBB- | 8,155,955 | ||
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Refunding Senior Lien Series 2014A: | ||||||
9,595 | 5.000%, 12/01/21 | No Opt. Call | AA- | 9,896,475 | ||
3,345 | 5.000%, 12/01/22 | No Opt. Call | AA- | 3,607,884 | ||
4,110 | 5.000%, 1/01/33 | 1/23 at 100.00 | AA- | 4,432,635 | ||
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Refunding Senior Lien Series 2016A: | ||||||
6,980 | 5.000%, 12/01/31 | 1/26 at 100.00 | AA- | 8,326,582 | ||
8,115 | 5.000%, 12/01/32 | 1/26 at 100.00 | AA- | 9,672,187 | ||
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Refunding Senior Lien Series 2018A: | ||||||
8,500 | 5.000%, 1/01/25 | No Opt. Call | AA- | 9,897,740 | ||
14,470 | 5.000%, 1/01/26 | No Opt. Call | AA- | 17,358,501 | ||
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2014B: | ||||||
11,000 | 5.000%, 1/01/36 | 1/24 at 100.00 | AA- | 12,271,600 | ||
6,115 | 5.000%, 1/01/37 | 1/24 at 100.00 | AA- | 6,814,862 | ||
11,670 | Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2014D, 5.000%, 1/01/24 | No Opt. Call | AA- | 13,127,700 | ||
10,660 | Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015B, 5.000%, 1/01/37 | 1/26 at 100.00 | AA- | 12,607,582 | ||
Kane County Community Unit School District 304 Geneva, Illinois, General Obligation Bonds, Series 2007A: | ||||||
1,955 | 9.000%, 1/01/22 – AGM Insured (ETM) | No Opt. Call | AA (7) | 2,081,176 | ||
6,615 | 9.000%, 1/01/22 – AGM Insured | No Opt. Call | Aa2 | 7,042,990 | ||
285 | 9.000%, 1/01/23 – AGM Insured (ETM) | No Opt. Call | AA (7) | 327,912 | ||
965 | 9.000%, 1/01/23 – AGM Insured | No Opt. Call | Aa2 | 1,111,033 | ||
1,210 | 9.000%, 1/01/25 (ETM) | No Opt. Call | AA (7) | 1,585,729 | ||
3,940 | 9.000%, 1/01/25 – AGM Insured | No Opt. Call | Aa2 | 5,132,717 | ||
Kendall, Kane, and Will Counties Community Unit School District 308 Oswego, Illinois, General Obligation Bonds, Refunding School Series 2016: | ||||||
5,020 | 5.000%, 2/01/34 | 2/26 at 100.00 | AA- | 5,878,520 | ||
3,465 | 5.000%, 2/01/35 | 2/26 at 100.00 | AA- | 4,061,119 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
LaSalle and Bureau Counties High School District 120 LaSalle-Peru, Illinois, General Obligation Bonds, School Building Series 2017: | ||||||
$ 1,140 | 5.000%, 12/01/24 – BAM Insured | No Opt. Call | AA | 1,313,120 | ||
1,485 | 5.000%, 12/01/30 – BAM Insured | 12/26 at 100.00 | AA | 1,824,159 | ||
1,165 | 5.000%, 12/01/31 – BAM Insured | 12/26 at 100.00 | AA | 1,430,352 | ||
1,645 | 5.000%, 12/01/32 – BAM Insured | 12/26 at 100.00 | AA | 2,017,642 | ||
1,725 | 5.000%, 12/01/33 – BAM Insured | 12/26 at 100.00 | AA | 2,113,625 | ||
1,815 | 5.000%, 12/01/34 – BAM Insured | 12/26 at 100.00 | AA | 2,220,544 | ||
LaSalle County, Illinois, General Obligation Bonds, Self-Insurance Series 2019: | ||||||
1,845 | 4.000%, 12/01/27 | No Opt. Call | Aa2 | 2,174,056 | ||
1,925 | 4.000%, 12/01/28 | 12/27 at 100.00 | Aa2 | 2,319,972 | ||
1,560 | 4.000%, 12/01/29 | 12/27 at 100.00 | Aa2 | 1,865,994 | ||
Madison County Community Unit School District 7 Edwardsville, Illinois, General Obligation Bonds, Series 2017A: | ||||||
2,430 | 5.000%, 12/01/28 | 12/25 at 100.00 | AA | 2,895,369 | ||
2,500 | 5.000%, 12/01/29 | 12/25 at 100.00 | AA | 2,978,775 | ||
1,500 | 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%, 11/01/31 – AGM Insured | 11/26 at 100.00 | AA | 1,820,370 | ||
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2012B: | ||||||
5,295 | 5.000%, 12/15/28 | 6/22 at 100.00 | BBB | 5,526,974 | ||
1,700 | 0.000%, 12/15/51 | No Opt. Call | BBB | 584,936 | ||
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Series 2017B: | ||||||
1,810 | 0.000%, 12/15/37 (8) | No Opt. Call | BBB | 1,483,241 | ||
9,045 | 0.000%, 12/15/42 (8) | 6/38 at 100.00 | BBB | 7,398,991 | ||
6,000 | 0.000%, 12/15/47 (8) | 6/38 at 100.00 | BBB | 4,839,900 | ||
1,470 | Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Series 2020B, 5.000%, 6/15/42 | 12/30 at 100.00 | BBB | 1,800,191 | ||
28,515 | Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A, 0.000%, 12/15/29 – NPFG Insured | No Opt. Call | BBB | 23,745,296 | ||
Montgomery, Illinois, Lakewood Creek Project Special Assessment Bonds, Series 2018: | ||||||
438 | 3.100%, 3/01/26 – BAM Insured | No Opt. Call | AA | 475,677 | ||
497 | 3.200%, 3/01/27 – BAM Insured | No Opt. Call | AA | 546,198 | ||
350 | 3.300%, 3/01/28 – BAM Insured | 3/27 at 100.00 | AA | 383,061 | ||
611 | 3.450%, 3/01/30 – BAM Insured | 3/27 at 100.00 | AA | 664,291 | ||
500 | Morton Grove, Illinois, Tax Increment Revenue Bonds, Sawmill Station Redevelopment Project, Senior Lien Series 2019, 4.250%, 1/01/29 | 1/26 at 100.00 | N/R | 506,825 | ||
2,270 | Peroia Public Building Commission, Illinois, School District Facility Revenue Bonds, Peoria County School District 150 Project, Series 2011, 0.000%, 12/01/24 | No Opt. Call | A | 2,161,222 | ||
1,494 | Plano, Illinois, Special Tax Bonds, Special Service Area 1 & 2 Lakewood Springs Project, Refunding Series 2014, 5.000%, 3/01/29 – AGM Insured | 3/24 at 100.00 | AA | 1,646,149 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Quad Cities Regional Economic Development Authority, Illinois, Revenue Bonds, Augustana College, Series 2012: | ||||||
$ 295 | 5.000%, 10/01/23 | 10/22 at 100.00 | Baa1 | 311,821 | ||
350 | 5.000%, 10/01/24 | 10/22 at 100.00 | Baa1 | 368,907 | ||
Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series 2010: | ||||||
7,785 | 5.250%, 6/01/21 | No Opt. Call | A | 7,844,322 | ||
12,395 | 5.500%, 6/01/23 (Pre-refunded 6/01/21) | 6/21 at 100.00 | N/R (7) | 12,499,366 | ||
Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series 2017: | ||||||
3,940 | 5.000%, 6/01/25 | No Opt. Call | A | 4,598,689 | ||
5,010 | 5.000%, 6/01/26 | No Opt. Call | A | 6,010,748 | ||
3,000 | 5.000%, 6/01/27 | 6/26 at 100.00 | A | 3,576,960 | ||
Round Lake, Lake County, Illinois, Special Tax Bonds, Lakewood Grove Special Service Areas 1, 3 & 4, Refunding Series 2017: | ||||||
1,283 | 3.700%, 3/01/29 – BAM Insured | 3/27 at 100.00 | AA | 1,423,681 | ||
1,073 | 3.800%, 3/01/30 – BAM Insured | 3/27 at 100.00 | AA | 1,182,435 | ||
1,897 | 4.000%, 3/01/33 – BAM Insured | 3/27 at 100.00 | AA | 2,087,022 | ||
Sales Tax Securitization Corporation, Illinois, Sales Tax Securitzation Bonds, Second Lien Series 2020A: | ||||||
2,425 | 5.000%, 1/01/36 | 1/30 at 100.00 | AA- | 3,003,775 | ||
2,435 | 5.000%, 1/01/37 – BAM Insured | 1/30 at 100.00 | AA | 3,023,199 | ||
Southwestern Illinois Development Authority, Health Facility Revenue Bonds, Memorial Group, Inc, Series 2013: | ||||||
2,565 | 7.125%, 11/01/43 (Pre-refunded 11/01/23) | 11/23 at 100.00 | N/R (7) | 3,011,028 | ||
2,415 | 7.625%, 11/01/48 (Pre-refunded 11/01/23) | 11/23 at 100.00 | N/R (7) | 2,865,856 | ||
2,755 | Southwestern Illinois Development Authority, Local Government Program Revenue Bonds, Southwestern Illinois Flood District Council Project, Series 2016B, 4.000%, 10/15/40 | 10/25 at 100.00 | A- | 2,982,783 | ||
Southwestern Illinois Development Authority, Local Government Program Revenue Bonds, Southwestern Illinois Flood District Council Project, Series 2020: | ||||||
935 | 4.000%, 4/15/34 | 4/30 at 100.00 | AA- | 1,107,208 | ||
1,225 | 4.000%, 10/15/35 | 4/30 at 100.00 | AA- | 1,444,349 | ||
Springfield, Illinois, Electric Revenue Bonds, Refunding Senior Lien Series 2015: | ||||||
95 | 5.000%, 3/01/22 | No Opt. Call | A | 98,937 | ||
7,805 | 5.000%, 3/01/33 | 3/25 at 100.00 | A | 9,032,102 | ||
13,960 | 5.000%, 3/01/34 – AGM Insured | 3/25 at 100.00 | AA | 16,131,478 | ||
11,055 | 5.000%, 3/01/40 – AGM Insured | 3/25 at 100.00 | AA | 12,664,719 | ||
Sterling, Whiteside County, Illinois, General Obligation Bonds, Alternate Revenue Source, Series 2012: | ||||||
3,205 | 4.000%, 11/01/21 | No Opt. Call | A | 3,270,863 | ||
2,830 | 4.000%, 11/01/22 | No Opt. Call | A | 2,985,367 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Will and Kendall Counties Community Consolidated School District 202 Plainfield, Illinois, General Obligation Bonds, Series 2016C: | ||||||
$ 9,760 | 5.000%, 1/01/22 | No Opt. Call | Aa2 | 10,101,210 | ||
3,355 | 5.000%, 1/01/23 | No Opt. Call | Aa2 | 3,617,864 | ||
3,295 | 5.000%, 1/01/24 | No Opt. Call | Aa2 | 3,692,179 | ||
4,215 | 5.000%, 1/01/25 | No Opt. Call | Aa2 | 4,877,556 | ||
5,675 | Will County Community High School District 210 Lincoln-Way, Illinois, General Obligation Bonds, Series 2013B, 0.000%, 1/01/30 | No Opt. Call | Baa1 | 4,484,782 | ||
5,000 | Will County, Illinois, General Obligation Bonds, Alternate Revenue Source, Series 2016, 5.000%, 11/15/41 (Pre-refunded 11/15/25) | 11/25 at 100.00 | AA+ (7) | 6,031,950 | ||
Winnebago-Boone Counties School District 205 Rockford, Illinois, General Obligation Bonds, Series 2013: | ||||||
4,070 | 0.000%, 2/01/25 | No Opt. Call | A+ | 3,887,745 | ||
3,855 | 0.000%, 2/01/26 | No Opt. Call | A+ | 3,611,634 | ||
948,923 | Total Illinois | 1,050,704,230 | ||||
Indiana – 2.8% | ||||||
3,500 | Indiana Finance Authority, Educational Facilities Revenue Bonds, University of Indianapolis Project, Series 2017, 5.000%, 10/01/43 | 4/27 at 100.00 | BBB+ | 3,954,090 | ||
2,570 | Indiana Finance Authority, Environmental Facilities Revenue Bonds, Indianapolis Power & Light Company Project, Refunding Series 2020A, 0.950%, 12/01/38 (Mandatory Put 4/01/26) (AMT) | No Opt. Call | A2 | 2,531,205 | ||
2,375 | Indiana Finance Authority, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Refunding Series 2021A, 4.125%, 12/01/26 | No Opt. Call | B- | 2,503,475 | ||
5,790 | Indiana Finance Authority, Hospital Revenue Bonds, Goshen Health, Series 2019B, 2.100%, 11/01/49 (Mandatory Put 11/01/26) | 5/26 at 100.00 | A- | 6,082,742 | ||
12,500 | Indiana Finance Authority, Hospital Revenue Bonds, Indiana Unversity Health Obligation Group, Refunding 2015B, 1.650%, 12/01/42 (Pre-refunded 1/01/22) (Mandatory Put 7/01/22) | 1/22 at 100.00 | AA (7) | 12,639,250 | ||
Indiana Finance Authority, Hospital Revenue Bonds, Major Hospital Project, Series 2014A: | ||||||
1,130 | 3.500%, 10/01/26 (Pre-refunded 10/01/23) | 10/23 at 100.00 | N/R (7) | 1,222,524 | ||
500 | 5.000%, 10/01/29 (Pre-refunded 10/01/23) | 10/23 at 100.00 | N/R (7) | 559,950 | ||
4,000 | Indiana Finance Authority, Lease Appropriation Bonds, Stadium Project, Refunding Series 2015A, 5.250%, 2/01/37 | 8/25 at 100.00 | AA+ | 4,747,120 | ||
5,300 | Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2011B, 5.250%, 10/01/24 – AGM Insured | 10/21 at 100.00 | AA | 5,428,631 | ||
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2014A: | ||||||
735 | 5.000%, 10/01/22 | No Opt. Call | AA | 787,876 | ||
620 | 5.000%, 10/01/23 | No Opt. Call | AA | 693,898 | ||
635 | 5.000%, 10/01/24 | No Opt. Call | AA | 736,975 | ||
1,545 | 5.000%, 10/01/25 | 10/24 at 100.00 | AA | 1,788,971 | ||
1,710 | 5.000%, 10/01/26 | 10/24 at 100.00 | AA | 1,977,478 | ||
10,000 | 5.000%, 10/01/40 | 10/24 at 100.00 | AA | 11,399,300 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Indiana (continued) | ||||||
$ 8,000 | Indiana Finance Authority, Water Utility Revenue Bonds, Citizens Energy Group Project, First Lien Series 2014A, 2.950%, 10/01/22 | 7/22 at 100.00 | AA- | 8,278,080 | ||
3,940 | Indiana Housing and Community Development Authority, Single Family Mortgage Revenue Bonds, Series 2020A, 2.750%, 7/01/40 | 7/29 at 100.00 | Aaa | 4,100,673 | ||
1,470 | Indiana Housing and Community Development Authority, Single Family Mortgage Revenue Bonds, Series 2021A, 2.050%, 7/01/41 | 7/30 at 100.00 | Aaa | 1,447,125 | ||
Indiana Municipal Power Agency, Power Supply System Revenue Bonds, Series 2013A: | ||||||
2,900 | 5.250%, 1/01/33 (Pre-refunded 7/01/23) | 7/23 at 100.00 | A+ (7) | 3,226,279 | ||
2,505 | 5.250%, 1/01/34 (Pre-refunded 7/01/23) | 7/23 at 100.00 | A+ (7) | 2,786,838 | ||
Indianapolis Local Public Improvement Bond Bank, Indiana, Airport Authority Project Revenue Bonds, Refunding Series 2019D: | ||||||
9,005 | 5.000%, 1/01/25 (AMT) | No Opt. Call | A1 | 10,402,486 | ||
4,170 | 5.000%, 1/01/26 (AMT) | No Opt. Call | A1 | 4,953,126 | ||
11,155 | 5.000%, 1/01/28 (AMT) | No Opt. Call | A1 | 13,822,384 | ||
5,000 | 5.000%, 1/01/29 (AMT) | No Opt. Call | A1 | 6,292,300 | ||
2,800 | Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project, Refunding Series 2006, 5.500%, 7/01/21 – NPFG Insured | No Opt. Call | AA | 2,835,756 | ||
5,000 | Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project, Series 2007B, 5.250%, 7/01/23 – NPFG Insured | No Opt. Call | AA | 5,541,650 | ||
Indianapolis, Indiana, Gas Utility Distribution System Revenue Bonds, Refunding 2nd Lien Series 2013A: | ||||||
7,900 | 5.250%, 8/15/28 | 8/23 at 100.00 | AA | 8,791,357 | ||
10,000 | 5.250%, 8/15/29 | 8/23 at 100.00 | AA | 11,129,700 | ||
Indianapolis, Indiana, Gas Utility Distribution System Revenue Bonds, Refunding 2nd Lien Series 2017A: | ||||||
12,520 | 5.000%, 8/15/26 | No Opt. Call | AA | 15,304,448 | ||
6,695 | 5.000%, 8/15/27 | No Opt. Call | AA | 8,372,031 | ||
Indianapolis, Indiana, Thermal Energy System Revenue Bonds, Refunding First Lien Series 2014A: | ||||||
500 | 5.000%, 10/01/27 | 10/24 at 100.00 | A+ | 575,260 | ||
720 | 5.000%, 10/01/28 | 10/24 at 100.00 | A+ | 828,050 | ||
1,000 | 5.000%, 10/01/29 | 10/24 at 100.00 | A+ | 1,150,160 | ||
1,360 | 5.000%, 10/01/31 | 10/24 at 100.00 | A+ | 1,563,606 | ||
1,215 | 5.000%, 10/01/33 | 10/24 at 100.00 | A+ | 1,395,476 | ||
Knox County, Indiana, Economic Development Revenue and Refunding Bonds, Good Samaritan Hospital Project, Series 2012A: | ||||||
1,675 | 5.000%, 4/01/21 | No Opt. Call | Baa3 | 1,675,000 | ||
940 | 5.000%, 4/01/22 | No Opt. Call | Baa3 | 973,398 | ||
2,015 | 5.000%, 4/01/24 | 4/22 at 100.00 | Baa3 | 2,097,555 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Indiana (continued) | ||||||
Lake County Building Corporation, Indiana, First Mortgage Bonds, Series 2012: | ||||||
$ 500 | 4.750%, 8/01/21 | No Opt. Call | N/R | 507,075 | ||
500 | 5.000%, 2/01/22 | No Opt. Call | N/R | 512,240 | ||
500 | 5.000%, 8/01/22 | 2/22 at 100.00 | N/R | 512,030 | ||
500 | 5.000%, 8/01/23 | 2/22 at 100.00 | N/R | 511,510 | ||
500 | 5.000%, 2/01/24 | 2/22 at 100.00 | N/R | 510,380 | ||
33,040 | Richmond Hospital Authority, Indiana, Revenue Bonds, Reid Hospital Project, Refunding Series 2018B, 5.000%, 1/01/36 | 1/27 at 100.00 | A- | 37,508,330 | ||
Southwest Allen Multi School Building Corporation, Allen County, Indiana, First Mortgage Bonds, Series 2020: | ||||||
650 | 4.000%, 7/15/24 | No Opt. Call | AA+ | 725,829 | ||
550 | 4.000%, 1/15/25 | No Opt. Call | AA+ | 621,814 | ||
270 | Southwind Housing Inc, Evansville, Indiana, First Mortgage Revenue Bonds, Series 1978A, 7.125%, 11/15/21 (ETM) | 5/21 at 100.00 | N/R (7) | 281,394 | ||
Vanderburgh County,Indiana, Redevelopment District Tax Increment Revenue bonds, Refunding Series 2014: | ||||||
1,040 | 5.000%, 2/01/25 | 8/24 at 100.00 | A | 1,192,058 | ||
1,000 | 5.000%, 2/01/26 | 8/24 at 100.00 | A | 1,144,260 | ||
1,805 | 5.000%, 2/01/27 | 8/24 at 100.00 | A | 2,060,389 | ||
1,750 | 5.000%, 2/01/29 | 8/24 at 100.00 | A | 1,997,467 | ||
2,700 | 5.000%, 2/01/31 | 8/24 at 100.00 | A | 3,080,322 | ||
8,710 | Whiting, Indiana, Environmental Facilities Refunding Revenue Bonds, BP Products North America Inc Project, Refunidng Series 2019A, 5.000%, 12/01/44 (Mandatory Put 6/05/26) (AMT) | No Opt. Call | A2 | 10,587,353 | ||
25,005 | Whiting, Indiana, Environmental Facilities Revenue Bonds, BP Products North America Inc Project, Series 2015, 5.000%, 11/01/45 (Mandatory Put 11/01/22) (AMT) | No Opt. Call | A2 | 26,801,609 | ||
20,625 | Whiting, Indiana, Environmental Facilities Revenue Bonds, BP Products North America Inc Project, Series 2016A, 5.000%, 3/01/46 (Mandatory Put 3/01/23) (AMT) | No Opt. Call | A2 | 22,382,869 | ||
255,040 | Total Indiana | 285,533,152 | ||||
Iowa – 0.9% | ||||||
Des Moines, Iowa, General Obligation Bonds, Refunding Capital Loan Notes Series 2021A: | ||||||
1,865 | 5.000%, 6/01/27 | No Opt. Call | AA+ | 2,346,396 | ||
3,770 | 5.000%, 6/01/29 | No Opt. Call | AA+ | 4,948,300 | ||
10,015 | Iowa Finance Authority, Health Facilities Revenue Bonds, UnityPoint Health Project, Series 2013A, 5.250%, 2/15/44 (Pre-refunded 2/15/23) | 2/23 at 100.00 | AA- (7) | 10,967,827 | ||
Iowa Finance Authority, Healthcare Revenue Bonds, Genesis Health System, Series 2013A: | ||||||
8,655 | 5.000%, 7/01/27 | 7/23 at 100.00 | A1 | 9,406,254 | ||
6,840 | 5.000%, 7/01/28 | 7/23 at 100.00 | A1 | 7,409,909 | ||
3,350 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Refunding Series 2019, 3.125%, 12/01/22 | 4/21 at 103.00 | BB- | 3,414,286 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Iowa (continued) | ||||||
$ 1,955 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2013, 5.250%, 12/01/25 | 12/23 at 100.00 | BB- | 2,142,426 | ||
6,445 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2018A, 5.250%, 12/01/50 (Mandatory Put 12/01/33) | 12/22 at 103.00 | BB- | 7,010,355 | ||
2,000 | Iowa Finance Authority, Single Family Mortgage Revenue Bonds, Series 2019D, 2.600%, 7/01/37 | 1/29 at 100.00 | AAA | 2,042,560 | ||
Iowa Finance Authority, Single Family Mortgage Revenue Bonds, Series 2020A: | ||||||
5,000 | 2.700%, 1/01/40 | 7/29 at 100.00 | AAA | 5,230,200 | ||
14,405 | 3.750%, 1/01/50 | 7/29 at 100.00 | AAA | 15,994,304 | ||
Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C: | ||||||
13,170 | 5.375%, 6/01/38 | 5/21 at 100.00 | B- | 13,350,034 | ||
2,350 | 5.500%, 6/01/42 | 5/21 at 100.00 | B- | 2,382,125 | ||
30 | 5.625%, 6/01/46 | 5/21 at 100.00 | B- | 30,410 | ||
1,940 | Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B, 5.600%, 6/01/34 | 5/21 at 100.00 | B- | 1,966,520 | ||
81,790 | Total Iowa | 88,641,906 | ||||
Kansas – 0.5% | ||||||
14,655 | Burlington, Kansas, Environmental Improvement Revenue Bonds, Kansas City Power and Light Company Project, Refunding Series 1993A, 2.950%, 12/01/23 | 4/23 at 101.00 | A+ | 15,480,223 | ||
11,000 | Burlington, Kansas, Environmental Improvement Revenue Bonds, Kansas City Power and Light Company Project, Refunding Series 1993B, 2.950%, 12/01/23 | 4/23 at 101.00 | A+ | 11,617,100 | ||
4,335 | Olathe, Kansas, General Obligation Bonds, Temporary Notes Series 2020A, 3.000%, 8/01/21 | No Opt. Call | N/R | 4,374,535 | ||
10,170 | Wichita, Kansas, Hospital Facilities Revenue Refunding and Improvement Bonds, Via Christi Health System Inc, Series 2011A-IV, 5.000%, 11/15/29 (Pre-refunded 11/15/21) | 11/21 at 100.00 | N/R (7) | 10,469,202 | ||
5,265 | Wyandotte County/Kansas City Unified Government, Kansas, Utility System Revenue Bonds, Improvement Series 2012B, 5.000%, 9/01/37 (Pre-refunded 9/01/22) | 9/22 at 100.00 | A (7) | 5,623,389 | ||
Wyandotte County/Kansas City Unified Government, Kansas, Utility System Revenue Bonds, Refunding & Improvement Series 2014A: | ||||||
1,925 | 5.000%, 9/01/21 | No Opt. Call | A | 1,961,941 | ||
660 | 5.000%, 9/01/22 | No Opt. Call | A | 702,794 | ||
1,505 | 5.000%, 9/01/23 | No Opt. Call | A | 1,669,165 | ||
49,515 | Total Kansas | 51,898,349 | ||||
Kentucky – 1.6% | ||||||
Ashland, Kentucky, Medical Center Revenue Bonds, Ashland Hospital Corporation d/b/a King's Daughters Medical Center Project, Refunding Series 2019: | ||||||
450 | 4.000%, 2/01/33 | 2/30 at 100.00 | BBB- | 492,750 | ||
500 | 4.000%, 2/01/34 | 2/30 at 100.00 | BBB- | 545,290 | ||
180 | 4.000%, 2/01/35 | 2/30 at 100.00 | BBB- | 195,784 | ||
1,110 | 4.000%, 2/01/36 | 2/30 at 100.00 | BBB- | 1,203,318 | ||
3,200 | Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Health, Refunding Series 2017A, 5.000%, 6/01/37 | 6/27 at 100.00 | Baa2 | 3,596,416 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Kentucky (continued) | ||||||
$ 1,875 | Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Medical Health System, Series 2015A, 4.500%, 6/01/46 | 6/25 at 100.00 | Baa2 | 1,962,075 | ||
10 | Kentucky Economic Development Finance Authority, Revenue Bonds, Catholic Health Initiatives, Refunding Series 2009B, 2.700%, 5/01/39 (Mandatory Put 11/10/21) | No Opt. Call | BBB+ | 10,111 | ||
7,000 | Lexington-Fayette Urban County Government Public Facilities Corporation, Kentucky State Lease Revenue Bonds, Eastern State Hospital Project, Series 2011A, 5.250%, 6/01/28 | 6/21 at 100.00 | A1 | 7,043,750 | ||
Louisville Regional Airport Authority, Kentucky, Airport System Revenue Bonds, Refunding Series 2014A: | ||||||
1,320 | 5.000%, 7/01/26 (AMT) | 7/24 at 100.00 | A+ | 1,497,025 | ||
3,280 | 5.000%, 7/01/28 (AMT) | 7/24 at 100.00 | A+ | 3,708,630 | ||
Louisville/Jefferson County Metro Government, Kentucky, Revenue Bonds, Catholic Health Initiatives, Series 2012A: | ||||||
5,000 | 5.000%, 12/01/27 (Pre-refunded 6/01/22) | 6/22 at 100.00 | BBB+ (7) | 5,276,850 | ||
10,175 | 5.000%, 12/01/35 | 6/22 at 100.00 | N/R | 10,738,390 | ||
3,810 | 5.000%, 12/01/35 (Pre-refunded 6/01/22) | 6/22 at 100.00 | BBB+ (7) | 4,020,960 | ||
8,500 | Louisville-Jefferson County Metropolitan Government, Kentucky, Environmental Facilities Revenue, Louisville Gas & Electric Company Project, Refunding Series 2007B, 1.650%, 6/01/33 (Mandatory Put 6/01/21) | No Opt. Call | A1 | 8,518,020 | ||
5,000 | Louisville-Jefferson County Metropolitan Government, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2003A, 2.000%, 10/01/33 (WI/DD, Settling 4/19/21) | 4/31 at 100.00 | A1 | 4,964,874 | ||
Murray, Kentucky, Hospital Facilities Revenue Bonds, Murray-Calloway County Public Hospital Corporation Project, Refunding Series 2016: | ||||||
1,005 | 5.000%, 8/01/25 | No Opt. Call | Ba2 | 1,144,484 | ||
1,060 | 5.000%, 8/01/26 | No Opt. Call | Ba2 | 1,230,003 | ||
1,110 | 5.000%, 8/01/27 | 8/26 at 100.00 | Ba2 | 1,282,194 | ||
1,165 | 5.000%, 8/01/28 | 8/26 at 100.00 | Ba2 | 1,336,709 | ||
1,230 | 5.000%, 8/01/29 | 8/26 at 100.00 | Ba2 | 1,399,371 | ||
2,935 | 5.000%, 8/01/37 | 8/26 at 100.00 | Ba2 | 3,247,313 | ||
15,000 | Owen County, Kentucky, Waterworks System Revenue Bonds, Kentucky-American Water Company Project, Refunding Series 2019A, 2.450%, 6/01/39 (Mandatory Put 10/01/29) | No Opt. Call | A | 15,920,850 | ||
17,020 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018A, 4.000%, 4/01/48 (Mandatory Put 4/01/24) | 1/24 at 100.37 | A2 | 18,660,047 | ||
24,355 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018B, 4.000%, 1/01/49 (Mandatory Put 1/01/25) | 10/24 at 100.24 | A2 | 26,955,627 | ||
11,000 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018C-1, 4.000%, 12/01/49 (Mandatory Put 6/01/25) | 3/25 at 100.19 | A1 | 12,382,370 | ||
10,235 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2019C-1, 4.000%, 2/01/50 (Mandatory Put 2/01/28) | 11/27 at 100.47 | A1 | 12,003,199 | ||
4,750 | Trimble County, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2016A, 1.300%, 9/01/44 (Mandatory Put 9/01/27) (AMT) | No Opt. Call | A1 | 4,702,358 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Kentucky (continued) | ||||||
University of Kentucky, General Receipts Bonds, Refunding Series 2018A: | ||||||
$ 6,945 | 3.000%, 10/01/34 | 4/26 at 100.00 | AA | 7,321,558 | ||
5,000 | 3.125%, 10/01/37 | 4/26 at 100.00 | AA | 5,249,350 | ||
1,475 | Warren County, Kentucky, Hospital Revenue Bonds, Bowling Green-Warren County Community Hospital Corporation, Refunding Series 2021A, 5.000%, 4/01/29 | No Opt. Call | AA- | 1,889,254 | ||
155,695 | Total Kentucky | 168,498,930 | ||||
Louisiana – 2.2% | ||||||
Calcasieu Parish Memorial Hospital Service District, Louisiana, Revenue Bonds, Lake Charles Memorial Hospital, Refunding Series 2019: | ||||||
14,510 | 5.000%, 12/01/34 | 12/29 at 100.00 | BB+ | 15,938,074 | ||
10,250 | 5.000%, 12/01/39 | 12/29 at 100.00 | BB+ | 11,019,467 | ||
East Baton Rouge Sewerage Commission, Louisiana, Revenue Bonds, Refunding Series 2014B: | ||||||
980 | 5.000%, 2/01/23 | No Opt. Call | AA- | 1,064,946 | ||
565 | 5.000%, 2/01/24 | No Opt. Call | AA- | 637,874 | ||
805 | 5.000%, 2/01/25 | No Opt. Call | AA- | 939,564 | ||
585 | Jefferson Parish Hospital Service District 2, Louisiana, Hospital Revenue Bonds, East Jefferson General Hospital, Refunding Series 2011, 6.250%, 7/01/31 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (7) | 593,518 | ||
475 | Louisiana Citizens Property Insurance Corporation, Assessment Revenue Bonds, Refunding Series 2012, 5.000%, 6/01/24 – AGM Insured (Pre-refunded 6/01/22) | 6/22 at 100.00 | AA (7) | 501,586 | ||
Louisiana Citizens Property Insurance Corporation, Assessment Revenue Bonds, Refunding Series 2016A: | ||||||
17,490 | 5.000%, 6/01/25 | No Opt. Call | A1 | 20,375,150 | ||
16,740 | 5.000%, 6/01/26 | No Opt. Call | A1 | 20,056,027 | ||
Louisiana Local Government Environmental Facilities and Community Development Authority, Revenue Bonds, East Baton Rouge Sewerage Commission Projects, Subordinate Lien Series 2014A: | ||||||
2,280 | 5.000%, 2/01/28 (Pre-refunded 2/01/24) | 2/24 at 100.00 | A+ (7) | 2,580,208 | ||
2,850 | 5.000%, 2/01/29 (Pre-refunded 2/01/24) | 2/24 at 100.00 | A+ (7) | 3,225,259 | ||
2,000 | 5.000%, 2/01/30 (Pre-refunded 2/01/24) | 2/24 at 100.00 | A+ (7) | 2,263,340 | ||
18,830 | Louisiana Local Government Environmental Facilities and Community Development Authority, Revenue Bonds, Westlake Chemical Corporation Projects, Refunding Series 2017, 3.500%, 11/01/32 | 11/27 at 100.00 | Baa2 | 20,768,737 | ||
5,430 | Louisiana Offshore Terminal Authority, Deepwater Port Revenue Bonds, Loop LLC Project, Series 2007A, 1.650%, 9/01/27 (Mandatory Put 12/01/23) | No Opt. Call | A3 | 5,513,893 | ||
5,250 | Louisiana Offshore Terminal Authority, Deepwater Port Revenue Bonds, Loop LLC Project, Series 2013C, 1.650%, 9/01/34 (Mandatory Put 12/01/23) | No Opt. Call | A3 | 5,331,112 |
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: | ||||||
$ 1,290 | 5.000%, 5/15/28 | 5/27 at 100.00 | A | 1,582,817 | ||
1,000 | 5.000%, 5/15/29 | 5/27 at 100.00 | A | 1,222,300 | ||
1,155 | 5.000%, 5/15/30 | 5/27 at 100.00 | A | 1,402,886 | ||
1,750 | 5.000%, 5/15/31 | 5/27 at 100.00 | A | 2,117,552 | ||
3,210 | 5.000%, 5/15/42 | 5/27 at 100.00 | A | 3,765,523 | ||
1,000 | Louisiana Public Facilities Authority, Revenue Bonds, Archdiocese of New Orleans, Refunding Series 2017, 5.000%, 7/01/37 (6) | 7/27 at 100.00 | Caa1 | 950,000 | ||
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, Refunding Series 2016: | ||||||
25 | 5.000%, 5/15/30 (Pre-refunded 5/15/26) | 5/26 at 100.00 | N/R (7) | 30,234 | ||
1,055 | 5.000%, 5/15/30 | 5/26 at 100.00 | A | 1,248,476 | ||
35 | 5.000%, 5/15/32 (Pre-refunded 5/15/26) | 5/26 at 100.00 | N/R (7) | 42,327 | ||
3,410 | 5.000%, 5/15/32 | 5/26 at 100.00 | A | 4,002,760 | ||
40 | 5.000%, 5/15/33 (Pre-refunded 5/15/26) | 5/26 at 100.00 | N/R (7) | 48,374 | ||
3,660 | 5.000%, 5/15/33 | 5/26 at 100.00 | A | 4,285,201 | ||
2,980 | Louisiana Stadium and Exposition District, Revenue Bonds, Bond Anticipation Notes Series 2020, 5.000%, 7/03/23 | 1/23 at 100.00 | AA- | 3,211,516 | ||
Louisiana Stadium and Exposition District, Revenue Refunding Bonds, Senior Lien Series 2013A: | ||||||
1,050 | 5.000%, 7/01/22 | No Opt. Call | AA- | 1,109,619 | ||
3,120 | 5.000%, 7/01/29 | 7/23 at 100.00 | AA- | 3,429,972 | ||
1,000 | 5.000%, 7/01/30 | 7/23 at 100.00 | AA- | 1,099,330 | ||
4,000 | 5.000%, 7/01/31 | 7/23 at 100.00 | AA- | 4,396,560 | ||
3,835 | 5.000%, 7/01/32 | 7/23 at 100.00 | AA- | 4,212,824 | ||
15,000 | Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Refunding Series 2012A-1, 4.000%, 5/01/31 | 5/22 at 100.00 | Aa2 | 15,598,650 | ||
Louisiana State, Unclaimed Property Special Revenue Bonds, Interstate 49 North Project, Series 2013: | ||||||
1,165 | 5.000%, 9/01/29 (Pre-refunded 9/01/23) | 9/23 at 100.00 | A+ (7) | 1,298,521 | ||
5,070 | 5.000%, 9/01/31 (Pre-refunded 9/01/23) | 9/23 at 100.00 | A+ (7) | 5,651,073 | ||
4,000 | 5.000%, 9/01/32 (Pre-refunded 9/01/23) | 9/23 at 100.00 | A+ (7) | 4,458,440 | ||
5,400 | New Orleans, Louisiana, General Obligation Bonds, Refunding Series 2012, 5.000%, 12/01/21 | No Opt. Call | AA- | 5,568,966 | ||
New Orleans, Louisiana, General Obligation Bonds, Refunding Series 2015: | ||||||
1,000 | 5.000%, 12/01/22 | No Opt. Call | AA- | 1,076,860 | ||
870 | 5.000%, 12/01/23 | No Opt. Call | AA- | 970,737 | ||
1,020 | 5.000%, 12/01/24 | No Opt. Call | AA- | 1,173,306 | ||
480 | 5.000%, 12/01/25 | No Opt. Call | AA- | 567,821 | ||
795 | 5.000%, 12/01/27 | 12/25 at 100.00 | AA- | 949,564 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Louisiana (continued) | ||||||
New Orleans, Louisiana, Sewerage Service Revenue Bonds, Refunding Series 2014: | ||||||
$ 250 | 5.000%, 6/01/24 | No Opt. Call | A | 283,113 | ||
605 | 5.000%, 6/01/25 | 6/24 at 100.00 | A | 688,847 | ||
500 | 5.000%, 6/01/26 (Pre-refunded 6/01/24) | 6/24 at 100.00 | A (7) | 573,235 | ||
615 | 5.000%, 6/01/27 (Pre-refunded 6/01/24) | 6/24 at 100.00 | A (7) | 705,079 | ||
380 | 5.000%, 6/01/28 (Pre-refunded 6/01/24) | 6/24 at 100.00 | A (7) | 435,659 | ||
580 | 5.000%, 6/01/29 (Pre-refunded 6/01/24) | 6/24 at 100.00 | A (7) | 664,953 | ||
New Orleans, Louisiana, Sewerage Service Revenue Bonds, Series 2015: | ||||||
410 | 5.000%, 6/01/30 (Pre-refunded 6/01/25) | 6/25 at 100.00 | A (7) | 483,001 | ||
775 | 5.000%, 6/01/32 (Pre-refunded 6/01/25) | 6/25 at 100.00 | A (7) | 912,989 | ||
1,000 | 5.000%, 6/01/33 (Pre-refunded 6/01/25) | 6/25 at 100.00 | A (7) | 1,178,050 | ||
1,040 | 5.000%, 6/01/35 (Pre-refunded 6/01/25) | 6/25 at 100.00 | A (7) | 1,225,172 | ||
500 | Port New Orleans Board of Commissioners, Louisiana, Revenue Bonds, Port Facilities, Refunding Series 2013B, 5.000%, 4/01/30 (Pre-refunded 4/01/23) (AMT) | 4/23 at 100.00 | A (7) | 544,990 | ||
6,585 | Saint Charles Parish, Louisiana, Gulf Opportunity Zone Revenue Bonds, Valero Project, Series 2010, 4.000%, 12/01/40 (Mandatory Put 6/01/22) | No Opt. Call | BBB | 6,854,524 | ||
3,265 | Saint James Parish, Louisiana, Revenue Bonds, NuStar Logistics, LP Project, Series 2010B, 6.100%, 12/01/40 (Mandatory Put 3/01/30), 144A | No Opt. Call | BB- | 4,090,718 | ||
3,405 | Saint James Parish, Louisiana, Revenue Bonds, NuStar Logistics, LP Project, Series 2011, 5.850%, 8/01/41 (Mandatory Put 6/01/25), 144A | No Opt. Call | BB- | 3,848,127 | ||
Shreveport, Louisiana, Water and Sewer Revenue Bonds, Junior Lien Series 2019B: | ||||||
630 | 3.000%, 12/01/22 – AGM Insured | No Opt. Call | AA | 656,674 | ||
760 | 5.000%, 12/01/26 – AGM Insured | No Opt. Call | AA | 935,469 | ||
1,465 | 5.000%, 12/01/29 – AGM Insured | 12/28 at 100.00 | AA | 1,869,604 | ||
1,000 | 5.000%, 12/01/30 – AGM Insured | 12/28 at 100.00 | AA | 1,268,720 | ||
975 | 5.000%, 12/01/31 – AGM Insured | 12/28 at 100.00 | AA | 1,232,010 | ||
1,150 | 5.000%, 12/01/32 – AGM Insured | 12/28 at 100.00 | AA | 1,447,769 | ||
1,630 | 4.000%, 12/01/33 – AGM Insured | 12/28 at 100.00 | AA | 1,887,491 | ||
5,980 | 3.000%, 12/01/35 – AGM Insured | 12/28 at 100.00 | AA | 6,444,646 | ||
2,075 | 4.000%, 12/01/36 – AGM Insured | 12/28 at 100.00 | AA | 2,378,925 | ||
565 | 4.000%, 12/01/44 – AGM Insured | 12/28 at 100.00 | AA | 635,292 | ||
203,595 | Total Louisiana | 227,526,021 | ||||
Maine – 0.4% | ||||||
1,100 | Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical Center Obligated Group Issue, Series 2013, 5.000%, 7/01/43 | 7/23 at 100.00 | BBB | 1,146,145 | ||
Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical Center Obligated Group Issue, Series 2016A: | ||||||
4,220 | 4.000%, 7/01/41 | 7/26 at 100.00 | BBB | 4,310,857 | ||
5,660 | 4.000%, 7/01/46 | 7/26 at 100.00 | BBB | 5,730,410 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Maine (continued) | ||||||
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Maine General Medical Center, Series 2011: | ||||||
$ 1,000 | 6.750%, 7/01/36 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (7) | 1,015,850 | ||
3,850 | 6.750%, 7/01/41 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (7) | 3,911,022 | ||
1,210 | 6.950%, 7/01/41 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (7) | 1,229,759 | ||
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, MaineHealth Issue, Series 2020A: | ||||||
1,175 | 4.000%, 7/01/37 | 7/30 at 100.00 | A+ | 1,383,375 | ||
1,500 | 4.000%, 7/01/38 | 7/30 at 100.00 | A+ | 1,756,470 | ||
2,000 | 4.000%, 7/01/39 | 7/30 at 100.00 | A+ | 2,333,320 | ||
1,590 | 4.000%, 7/01/40 | 7/30 at 100.00 | A+ | 1,848,868 | ||
10,000 | Maine State Housing Authority, Multifamily Mortgage Purchase Bonds, Series 2020B, 2.350%, 11/15/40 | 11/28 at 100.00 | AA+ | 10,210,000 | ||
2,200 | Maine State Housing Authority, Multifamily Mortgage Purchase Bonds, Series 2021A, 2.050%, 11/15/41 | 5/30 at 100.00 | AA+ | 2,138,339 | ||
6,280 | Maine State Housing Authority, Single Family Mortgage Purchase Bonds, Series 2020D, 2.550%, 11/15/40 | 5/29 at 100.00 | AA+ | 6,432,792 | ||
290 | Portland, Maine, General Airport Revenue Bonds, Refunding Series 2013, 5.000%, 7/01/22 | No Opt. Call | BBB+ | 305,425 | ||
42,075 | Total Maine | 43,752,632 | ||||
Maryland – 1.9% | ||||||
Baltimore County, Maryland, Revenue Bonds, Oak Crest Village, Series 2016: | ||||||
1,270 | 3.250%, 1/01/31 | 1/26 at 100.00 | A | 1,344,562 | ||
3,365 | 5.000%, 1/01/37 | 1/26 at 100.00 | A | 3,816,482 | ||
Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Refunding Series 2017: | ||||||
1,760 | 5.000%, 9/01/27 | No Opt. Call | CCC | 1,809,104 | ||
2,780 | 5.000%, 9/01/29 | 9/27 at 100.00 | CCC | 2,851,752 | ||
1,000 | 5.000%, 9/01/30 | 9/27 at 100.00 | CCC | 1,022,910 | ||
1,365 | 5.000%, 9/01/31 | 9/27 at 100.00 | CCC | 1,393,570 | ||
145 | 5.000%, 9/01/34 | 9/27 at 100.00 | CCC | 147,582 | ||
1,500 | 5.000%, 9/01/39 | 9/27 at 100.00 | CCC | 1,519,710 | ||
Baltimore, Maryland, Revenue Bonds, Water Projects, Series 2013A: | ||||||
500 | 5.000%, 7/01/21 | No Opt. Call | Aa2 | 505,860 | ||
1,000 | 5.000%, 7/01/26 (Pre-refunded 1/01/24) | 1/24 at 100.00 | Aa2 (7) | 1,129,560 | ||
1,715 | 5.000%, 7/01/27 (Pre-refunded 1/01/24) | 1/24 at 100.00 | Aa2 (7) | 1,937,195 | ||
2,380 | Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2019A, 3.750%, 9/01/39 | 3/28 at 100.00 | Aa1 | 2,557,262 | ||
22,420 | Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2019C, 3.000%, 9/01/39 | 3/29 at 100.00 | Aa1 | 23,418,138 | ||
10,275 | Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2020A, 2.500%, 9/01/40 | 3/29 at 100.00 | Aa1 | 10,450,805 | ||
12,300 | Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2021A, 1.950%, 9/01/41 | 3/30 at 100.00 | Aa1 | 11,793,042 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Maryland (continued) | ||||||
$ 5,725 | Maryland Department of Transportation, Consolidated Transportation Revenue Bonds, Second Series 2017, 5.000%, 9/01/28 | 9/27 at 100.00 | AAA | 7,206,291 | ||
12,500 | Maryland Economic Development Corporation, Pollution Control Revenue Bonds, Potomac Electric Power Company, Refunding Series 2019, 1.700%, 9/01/22 | No Opt. Call | A- | 12,727,500 | ||
16,255 | Maryland Economic Development Corporation, Private Activity Revenue Bonds RSA, Purple Line Light Rail Project, Green Bonds, Series 2016A, 5.000%, 3/31/24 (AMT) | 11/21 at 100.00 | BB- | 16,701,687 | ||
1,000 | Maryland Economic Development Corporation, Student Housing Revenue Bonds, University of Maryland, College Park Project, Refunding Series 2016, 5.000%, 6/01/28 – AGM Insured | 6/26 at 100.00 | AA | 1,187,250 | ||
6,315 | Maryland Health and HIgher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical Systems, Series 2020B-2, 5.000%, 7/01/45 (Mandatory Put 7/01/27) | 1/27 at 100.00 | A | 7,686,997 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Medical Center, Series 2016A: | ||||||
780 | 5.000%, 7/01/32 | 7/26 at 100.00 | BBB+ | 912,101 | ||
2,250 | 5.000%, 7/01/33 | 7/26 at 100.00 | BBB+ | 2,624,198 | ||
1,650 | 5.000%, 7/01/34 | 7/26 at 100.00 | BBB+ | 1,920,072 | ||
2,000 | 5.000%, 7/01/35 | 7/26 at 100.00 | BBB+ | 2,323,460 | ||
1,570 | 5.000%, 7/01/36 | 7/26 at 100.00 | BBB+ | 1,819,881 | ||
7,825 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Western Maryland Health, Series 2014, 5.250%, 7/01/25 (Pre-refunded 7/01/24) | 7/24 at 100.00 | N/R (7) | 9,033,963 | ||
9,805 | Maryland State, General Obligation Bonds, State and Local Facilities Loan, First Series 2016, 4.000%, 6/01/27 | 6/24 at 100.00 | AAA | 10,859,332 | ||
12,000 | Maryland State, General Obligation Bonds, State and Local Facilities Loan, Second Series 2020A-2, 5.000%, 8/01/28 | No Opt. Call | AAA | 15,536,640 | ||
19,000 | Montgomery County, Maryland, General Obligation Bonds, Refunding Consolidated Public Improvement Series 2017C, 5.000%, 10/01/26 | No Opt. Call | AAA | 23,525,868 | ||
5,215 | Montgomery County, Maryland, General Obligation Bonds, Refunding Consolidated Public Improvement Series 2020B, 4.000%, 11/01/28 | No Opt. Call | AAA | 6,394,029 | ||
Washington Suburban Sanitary District, Montgomery and Prince George's Counties, Maryland, General Obligation Bonds, Consolidated Public Improvement, Green Second Series 2020: | ||||||
1,125 | 5.000%, 12/01/25 | No Opt. Call | AAA | 1,358,786 | ||
1,180 | 5.000%, 12/01/26 | No Opt. Call | AAA | 1,467,944 | ||
6,115 | Washington Suburban Sanitary District, Montgomery and Prince George's Counties, Maryland, General Obligation Bonds, Consolidated Public Improvement, Series 2020, 5.000%, 12/01/26 | No Opt. Call | AAA | 7,607,217 | ||
176,085 | Total Maryland | 196,590,750 | ||||
Massachusetts – 1.3% | ||||||
Massachusetts Development Finance Agency Revenue Bonds, Lawrence General Hospital Issue, Series 2014A: | ||||||
835 | 5.000%, 7/01/26 | 7/24 at 100.00 | B | 841,129 | ||
680 | 5.000%, 7/01/27 | 7/24 at 100.00 | B | 685,481 | ||
925 | 5.000%, 7/01/28 | 7/24 at 100.00 | B | 929,292 | ||
960 | 5.000%, 7/01/29 | 7/24 at 100.00 | B | 961,296 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Massachusetts (continued) | ||||||
$ 4,800 | Massachusetts Development Finance Agency Revenue Refunding Bonds, NewBridge on the Charles, Inc Issue, Series 2017, 4.000%, 10/01/32, 144A | 10/22 at 105.00 | BB+ | 5,178,336 | ||
2,370 | Massachusetts Development Finance Agency, Health Care Facility Revenue Bonds, Adventcare Project, Series 2007A, 0.000%, 10/15/28 (6) | 5/21 at 100.00 | N/R | 1,066,500 | ||
14,450 | Massachusetts Development Finance Agency, Revenue Bonds, Atrius Health Issue, Series 2019A, 5.000%, 6/01/39 | 6/29 at 100.00 | BBB | 17,695,326 | ||
1,530 | Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Series 2016E, 3.375%, 7/01/36 | 7/26 at 100.00 | BBB | 1,579,174 | ||
Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Series 2018J-2: | ||||||
2,255 | 5.000%, 7/01/33 | 7/28 at 100.00 | A | 2,792,569 | ||
1,085 | 5.000%, 7/01/38 | 7/28 at 100.00 | A | 1,325,664 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Milford Regional Medical Center Issue, Series 2020G: | ||||||
350 | 5.000%, 7/15/31, 144A | 7/30 at 100.00 | BB+ | 413,427 | ||
415 | 5.000%, 7/15/32, 144A | 7/30 at 100.00 | BB+ | 488,115 | ||
320 | 5.000%, 7/15/33, 144A | 7/30 at 100.00 | BB+ | 374,794 | ||
300 | 5.000%, 7/15/34, 144A | 7/30 at 100.00 | BB+ | 350,112 | ||
270 | 5.000%, 7/15/35, 144A | 7/30 at 100.00 | BB+ | 314,231 | ||
135 | 5.000%, 7/15/36, 144A | 7/30 at 100.00 | BB+ | 156,553 | ||
145 | 5.000%, 7/15/37, 144A | 7/30 at 100.00 | BB+ | 167,571 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Simmons University Issue, Series 2018L: | ||||||
1,080 | 5.000%, 10/01/30 | 10/28 at 100.00 | BBB+ | 1,335,733 | ||
1,240 | 5.000%, 10/01/31 | 10/28 at 100.00 | BBB+ | 1,523,390 | ||
1,765 | 5.000%, 10/01/32 | 10/28 at 100.00 | BBB+ | 2,156,406 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Southcoast Health System Obligated Group Issue, Series 2021G: | ||||||
580 | 5.000%, 7/01/35 | 7/31 at 100.00 | A- | 746,276 | ||
545 | 5.000%, 7/01/36 | 7/31 at 100.00 | A- | 698,474 | ||
615 | 5.000%, 7/01/37 | 7/31 at 100.00 | A- | 785,172 | ||
4,250 | Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health Care Obligated Group Issue, Series 2017L, 3.625%, 7/01/37 | 7/27 at 100.00 | A- | 4,578,525 | ||
4,225 | Massachusetts Development Finance Agency, Revenue Bonds, Wellforce Issue, Series 2019A, 4.000%, 7/01/37 | 1/29 at 100.00 | BBB+ | 4,763,983 | ||
1,420 | Massachusetts Housing Finance Agency, Housing Bonds, Series 2019B-1, 3.000%, 12/01/39 | 12/28 at 100.00 | AA | 1,501,039 | ||
3,000 | Massachusetts Housing Finance Agency, Housing Bonds, Sustainability Series 2019C-1, 2.900%, 12/01/39 | 12/28 at 100.00 | AA | 3,161,010 | ||
10,590 | Massachusetts Housing Finance Agency, Single Family Housing Revenue Bonds, Series 2019-214, 2.800%, 12/01/39 | 6/29 at 100.00 | AA+ | 11,056,913 | ||
2,330 | Massachusetts Housing Finance Agency, Single Family Housing Revenue Bonds, Series 2020-218, 2.300%, 12/01/40 | 12/29 at 100.00 | AA+ | 2,353,370 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Massachusetts (continued) | ||||||
$ 4,930 | Massachusetts Housing Finance Agency, Single Family Housing Revenue Bonds, Social Series 2020-220, 2.125%, 12/01/40 | 6/30 at 100.00 | AA+ | 4,931,155 | ||
Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2020E: | ||||||
6,415 | 5.000%, 11/01/26 | No Opt. Call | Aa1 | 7,953,830 | ||
5,890 | 5.000%, 11/01/27 | No Opt. Call | Aa1 | 7,495,673 | ||
3,500 | 5.000%, 11/01/28 | No Opt. Call | Aa1 | 4,549,860 | ||
26,700 | Massachusetts State, General Obligation Bonds, Refunding Series 2020A, 5.000%, 6/01/44 (Mandatory Put 6/01/23) | No Opt. Call | Aa1 | 29,421,798 | ||
6,640 | Massachusetts State, Transportation Fund Revenue Bonds, Rail Enhancement Program, Series 2014A, 5.000%, 6/01/44 | 6/24 at 100.00 | AA+ | 7,541,778 | ||
117,540 | Total Massachusetts | 131,873,955 | ||||
Michigan – 1.6% | ||||||
Detroit Downtown Development Authority, Michigan, Tax Increment Bonds, Development Area 1 Projects, Refunding Series 1996B: | ||||||
3,050 | 0.000%, 7/01/22 | No Opt. Call | BB+ | 2,918,088 | ||
2,650 | 0.000%, 7/01/23 | No Opt. Call | BB+ | 2,434,184 | ||
2,880 | 0.000%, 7/01/24 | No Opt. Call | BB+ | 2,528,438 | ||
355 | Marquettte, Michigan, Electric Utility System Revenue Bonds, Refunding Series 2016A, 5.000%, 7/01/30 | 7/26 at 100.00 | AA- | 430,114 | ||
21,000 | Michigan Finance Authority, Hospital Revenue Bonds, Bronson Healthcare Group, Inc, Series 2019C, 3.750%, 11/15/49 (Mandatory Put 5/15/26) | No Opt. Call | A2 | 23,951,472 | ||
4,850 | Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water & Sewerage Department Sewage Disposal System Local Project, Second Lien Series 2015C, 5.000%, 7/01/34 | 7/25 at 100.00 | A+ | 5,677,216 | ||
8,675 | Michigan Finance Authority, Revenue Bonds, Ascension Senior Credit Group, Refunding Series 2016E-1, 4.000%, 11/15/44 (Mandatory Put 8/15/24) | No Opt. Call | AA+ | 9,613,548 | ||
Michigan Finance Authority, Tobacco Settlement Asset- Backed Bonds, 2007 Sold Tobacco Receipts, Series 2020A-CL-1: | ||||||
1,800 | 5.000%, 6/01/31 | 12/30 at 100.00 | A- | 2,375,604 | ||
1,500 | 5.000%, 6/01/32 | 12/30 at 100.00 | A- | 1,965,705 | ||
2,435 | 4.000%, 6/01/34 | 12/30 at 100.00 | A- | 2,936,464 | ||
1,000 | 4.000%, 6/01/35 | 12/30 at 100.00 | A- | 1,201,037 | ||
1,750 | Michigan Finance Authority, Tobacco Settlement Asset- Backed Bonds, 2007 Sold Tobacco Receipts, Series 2020B-1-CL2, 1.250%, 6/01/30 | No Opt. Call | BBB+ | 1,753,938 | ||
2,450 | Michigan Housing Development Authority, Rental Housing Revenue Bonds, Series 2018A, 3.800%, 10/01/38 | 10/27 at 100.00 | AA | 2,678,585 | ||
4,000 | Michigan Housing Development Authority, Single Family Mortgage Revenue Bonds, Fixed Rate Series 2018C, 3.650%, 12/01/39 | 6/28 at 100.00 | AA+ | 4,289,800 | ||
13,000 | Michigan Housing Development Authority, Single Family Mortgage Revenue Bonds, Series 2019B, 2.950%, 12/01/39 | 12/28 at 100.00 | AA+ | 13,602,810 | ||
25,205 | Michigan Housing Development Authority, Single Family Mortgage Revenue Bonds, Series 2020C, 2.600%, 12/01/40 | 6/30 at 100.00 | AA+ | 25,591,645 | ||
5,000 | Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2011-I-A, 5.000%, 10/15/28 (Pre-refunded 10/15/21) | 10/21 at 100.00 | Aa2 (7) | 5,129,750 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Michigan (continued) | ||||||
$ 5,425 | Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2011-II-A, 5.000%, 10/15/28 (Pre-refunded 10/15/21) | 10/21 at 100.00 | Aa2 (7) | 5,565,779 | ||
5,000 | Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2020-I, 5.000%, 10/15/27 | No Opt. Call | Aa2 | 6,327,000 | ||
4,750 | Romulus Community Schools, Wayne County, Michigan, General Obligation Bonds, Refunding Series 2013, 5.000%, 5/01/22 | No Opt. Call | Aa1 | 4,981,943 | ||
Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont Hospital Obligated Group, Refunding Series 2014D: | ||||||
1,000 | 5.000%, 9/01/26 | 3/24 at 100.00 | A+ | 1,130,570 | ||
2,000 | 5.000%, 9/01/27 | 3/24 at 100.00 | A+ | 2,259,280 | ||
2,555 | 5.000%, 9/01/28 | 3/24 at 100.00 | A+ | 2,883,854 | ||
3,770 | 5.000%, 9/01/29 | 3/24 at 100.00 | A+ | 4,244,756 | ||
5,000 | 5.000%, 9/01/30 | 3/24 at 100.00 | A+ | 5,634,250 | ||
2,270 | 5.000%, 9/01/31 | 3/24 at 100.00 | A+ | 2,555,861 | ||
4,845 | Walled Lake Consolidated School District, Oakland County, Michigan, General Obligation Bonds, Refunding Series 2011, 5.000%, 5/01/21 | 3/21 at 100.00 | Aa1 | 4,862,103 | ||
Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County Airport, Refunding Series 2015F: | ||||||
3,765 | 5.000%, 12/01/32 (AMT) | 12/25 at 100.00 | A1 | 4,410,735 | ||
5,295 | 5.000%, 12/01/33 (AMT) | 12/25 at 100.00 | A1 | 6,197,903 | ||
5,000 | 5.000%, 12/01/34 (AMT) | 12/25 at 100.00 | A1 | 5,845,200 | ||
152,275 | Total Michigan | 165,977,632 | ||||
Minnesota – 0.8% | ||||||
Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds, Essentia Health Obligated Group, Series 2018A: | ||||||
885 | 5.000%, 2/15/33 | 2/28 at 100.00 | A- | 1,073,328 | ||
1,085 | 5.000%, 2/15/37 | 2/28 at 100.00 | A- | 1,301,740 | ||
8,390 | 4.250%, 2/15/43 | 2/28 at 100.00 | A- | 9,392,857 | ||
55 | 4.250%, 2/15/48 | 2/28 at 100.00 | A- | 61,158 | ||
Hennepin County, Minnesota, General Obligation Bonds, Refunding Series 2020B: | ||||||
2,090 | 5.000%, 12/01/21 | No Opt. Call | AAA | 2,157,089 | ||
4,930 | 5.000%, 12/01/25 | No Opt. Call | AAA | 5,951,940 | ||
2,720 | 5.000%, 12/01/26 | No Opt. Call | AAA | 3,383,734 | ||
Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2014A: | ||||||
2,590 | 5.000%, 1/01/25 | 1/24 at 100.00 | A+ | 2,918,075 | ||
2,005 | 5.000%, 1/01/32 | 1/24 at 100.00 | A+ | 2,234,472 | ||
7,150 | Minnesota Housing Finance Agency, Homeownership Finance Bonds, Mortgage-Backed Securities Program, Series 2017E, 2.850%, 6/01/47 | 7/26 at 100.00 | Aaa | 7,483,607 | ||
Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2020B: | ||||||
8,280 | 2.625%, 1/01/40 | 7/29 at 100.00 | AA+ | 8,582,634 | ||
10,690 | 3.500%, 7/01/50 | 7/29 at 100.00 | AA+ | 11,783,694 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Minnesota (continued) | ||||||
$ 6,830 | Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2020E, 2.500%, 7/01/40 | 7/29 at 100.00 | AA+ | 7,006,487 | ||
3,070 | Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2020I, 2.000%, 7/01/40 | 1/30 at 100.00 | AA+ | 3,028,435 | ||
3,010 | Minnesota State, General Obligation Bonds, Various Purpose Series 2015A, 5.000%, 8/01/22 | No Opt. Call | AAA | 3,204,416 | ||
425 | Northern Municipal Power Agency, Minnesota, Electric System Revenue Bonds, Series 2013A, 4.000%, 1/01/28 | 1/23 at 100.00 | A- | 444,775 | ||
1,150 | Rochester, Minnesota, Health Care Facilities Revenue Bonds, Olmsted Medical Center Project, Series 2013, 5.000%, 7/01/33 (Pre-refunded 7/01/23) | 7/23 at 100.00 | A (7) | 1,270,233 | ||
2,060 | Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare Health System, Refunding Series 2014B, 5.000%, 5/01/23 | No Opt. Call | AA- | 2,251,106 | ||
6,580 | Saint Paul Independent School District 625, Ramsey County, Minnesota, Certificates of Participation, Series 2018B, 3.500%, 2/01/39 | 2/27 at 100.00 | AAA | 7,191,808 | ||
105 | Saint Paul Port Authority, Minnesota, Lease Revenue Bonds, Regions Hospital Parking Ramp Project, Series 2007-1, 5.000%, 8/01/21 | 5/21 at 100.00 | N/R | 105,207 | ||
74,100 | Total Minnesota | 80,826,795 | ||||
Mississippi – 0.5% | ||||||
6,570 | Mississippi Business Finance Corporation, Pollution Control Revenue, Mississippi Power, Series 2002, 3.200%, 9/01/28 | 3/24 at 100.00 | A- | 6,914,662 | ||
8,190 | Mississippi Business Finance Corporation, Revenue Bonds, Mississippi Power Company Project, First Series 2010, 2.750%, 12/01/40 (Mandatory Put 12/09/21) | No Opt. Call | A- | 8,307,608 | ||
13,545 | Mississippi Business Finance Corporation, Revenue Bonds, System Energy Resources, Inc Project, Refunding Series 2019, 2.500%, 4/01/22 | 5/21 at 100.00 | BBB+ | 13,598,232 | ||
Mississippi Home Corporation, Single Family Mortgage Revenue Bonds, Series 2020A: | ||||||
2,490 | 2.450%, 12/01/39 | 6/29 at 100.00 | Aaa | 2,553,819 | ||
4,630 | 3.750%, 6/01/49 | 6/29 at 100.00 | Aaa | 5,110,779 | ||
1,470 | Mississippi Home Corporation, Single Family Mortgage Revenue Bonds, Series 2021A, 2.000%, 12/01/40 | 6/30 at 100.00 | Aaa | 1,432,009 | ||
2,000 | Mississippi State, Gaming Tax Revenue Bonds, Series 2019A, 4.000%, 10/15/38 | 10/28 at 100.00 | A+ | 2,244,320 | ||
8,870 | Mississippi State, General Obligation Bonds, Series 2013B, 5.000%, 12/01/28 (Pre-refunded 12/01/23) | 12/23 at 100.00 | AA (7) | 10,002,078 | ||
47,765 | Total Mississippi | 50,163,507 | ||||
Missouri – 0.6% | ||||||
1,250 | Cape Girardeau County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Southeasthealth, Series 2016A, 6.000%, 3/01/33 | 3/23 at 103.00 | BBB- | 1,372,288 | ||
1,100 | Great Rivers Greenway Metropolitan Park & Recreation District, Missouri, Sales Tax Appropriation Bonds, Gateway Arch Project, Series 2014, 3.000%, 12/30/24 | 12/23 at 100.00 | A+ | 1,167,518 | ||
10,305 | Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Refunding Series 1998A, 2.900%, 9/01/33 | 7/27 at 102.00 | A | 11,079,833 | ||
12,000 | Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Series 1998B, 2.900%, 9/01/33 | 7/27 at 102.00 | A | 12,904,320 | ||
15,060 | Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Series 1998C, 2.750%, 9/01/33 | 6/27 at 102.00 | A | 16,014,653 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Missouri (continued) | ||||||
$ 1,465 | Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Saint Louis College of Pharmacy, Series 2013, 5.250%, 5/01/33 | 5/23 at 100.00 | BBB | 1,547,904 | ||
220 | Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Saint Louis College of Pharmacy, Series 2015B, 4.000%, 5/01/32 | 11/23 at 100.00 | BBB | 227,302 | ||
1,390 | Missouri Health and Educational Facilities Authority, Revenue Bonds, AT Still University of Health Sciences, Series 2014, 4.250%, 10/01/32 (Pre-refunded 10/01/23) | 10/23 at 100.00 | A- (7) | 1,530,779 | ||
2,695 | Missouri Housing Development Commission, Single Family Mortgage Revenue Bonds, First Place Homeownership Loan Program, Series 2019C, 2.750%, 11/01/39 | 5/29 at 100.00 | AA+ | 2,833,927 | ||
1,735 | Missouri Housing Development Commission, Single Family Mortgage Revenue Bonds, First Place Homeownership Loan Program, Series 2020A, 2.550%, 11/01/40 | 5/29 at 100.00 | AA+ | 1,770,776 | ||
1,130 | Missouri Housing Development Commission, Single Family Mortgage Revenue Bonds, First Place Homeownership Loan Program, Series 2021A, 2.150%, 11/01/41 | 5/30 at 100.00 | AA+ | 1,115,423 | ||
Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Iatan 2 Project, Refunding Series 2014A: | ||||||
1,330 | 5.000%, 1/01/25 | 1/24 at 100.00 | A2 | 1,490,265 | ||
2,545 | 5.000%, 1/01/26 | 1/24 at 100.00 | A2 | 2,848,059 | ||
1,010 | 5.000%, 1/01/32 | 1/24 at 100.00 | A2 | 1,126,524 | ||
4,150 | Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Plum Point Project, Refunding Series 2014A, 5.000%, 1/01/23 | No Opt. Call | A | 4,484,199 | ||
1,100 | Stoddard County Industrial Development Authority, Missouri, Health Facility Revenue Bonds, Southeasthealth, Series 2016B, 6.000%, 3/01/37 | 3/23 at 103.00 | BBB- | 1,195,821 | ||
58,485 | Total Missouri | 62,709,591 | ||||
Montana – 0.6% | ||||||
1,500 | Cascade County High School District A Great Falls, Montana, General Obligation Bonds, School Buidling Series 2018, 5.000%, 7/01/38 | 7/28 at 100.00 | A+ | 1,825,875 | ||
20,700 | Forsyth, Montana Pollution Control Revenue Bonds, Portland General Electric Company Project, Refunding Series 1998A, 2.125%, 5/01/33 | 3/30 at 102.00 | A1 | 21,340,251 | ||
35,095 | Forsyth, Rosebud County, Montana, Pollution Control Revenue Refunding Bonds, Northwestern Corporation Colstrip Project, Series 2016, 2.000%, 8/01/23 | No Opt. Call | A | 35,991,326 | ||
1,000 | Gallatin County School District 44 Belgrade, Montana, General Obligation Bonds, School Building Series 2019, 4.000%, 6/01/33 | 6/29 at 100.00 | A+ | 1,173,090 | ||
1,120 | Montana Board of Housing, Single Family Mortgage Bonds, Series 2021A-1, 2.000%, 12/01/41 | 6/30 at 100.00 | AA+ | 1,080,823 | ||
550 | Montana Facilities Finance Authority, Montana, Health Facilities Reveue Bonds, Bozeman Deaconess Health Services Obligated Group, Series 2018, 3.250%, 6/01/32 | 6/28 at 100.00 | A | 592,174 | ||
59,965 | Total Montana | 62,003,539 | ||||
Nebraska – 1.1% | ||||||
5,000 | Central Plains Energy Project, Nebraska, Gas Project 4 Revenue Bonds, Series 2018A, 5.000%, 3/01/50 (Mandatory Put 1/01/24) | 10/23 at 100.43 | A2 | 5,570,950 | ||
3,000 | Central Plains Energy Project, Nebraska, Gas Supply Revenue Bonds, Refunding Series 2019, 4.000%, 12/01/49 (Mandatory Put 8/01/25) | 5/25 at 100.50 | Aa2 | 3,406,860 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Nebraska (continued) | ||||||
Douglas County Hospital Authority 2, Nebraska, Hospital Revenue Bonds, Madonna Rehabilitation Hospital Project, Series 2014: | ||||||
$ 2,025 | 5.000%, 5/15/28 | 5/24 at 100.00 | A- | 2,260,690 | ||
9,350 | 5.000%, 5/15/44 | 5/24 at 100.00 | A- | 10,299,305 | ||
680 | Douglas County School District 10 Elkhorn, Nebraska, General Obligation Bonds, Public Schools Series 2012, 4.000%, 6/15/23 | 6/22 at 100.00 | AA- | 711,647 | ||
370 | Douglas County School District 10 Elkhorn, Nebraska, General Obligation Bonds, Public Schools Series 2015, 5.000%, 12/15/22 | No Opt. Call | AA- | 400,484 | ||
5,910 | Lincoln County Hospital Authority 1, Nebraska, Hospital Revenue and Refunding Bonds, Great Plains Regional Medical Center Project, Series 2012, 5.000%, 11/01/32 (Pre-refunded 11/01/21) | 11/21 at 100.00 | N/R (7) | 6,069,334 | ||
Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Series 2018: | ||||||
540 | 5.000%, 7/01/23 | No Opt. Call | BBB | 592,051 | ||
1,250 | 5.000%, 7/01/24 | No Opt. Call | BBB | 1,418,062 | ||
530 | 5.000%, 7/01/25 | No Opt. Call | BBB | 619,676 | ||
750 | 5.000%, 7/01/26 | 7/25 at 100.00 | BBB | 875,775 | ||
200 | 5.000%, 7/01/27 | 7/25 at 100.00 | BBB | 232,410 | ||
835 | 5.000%, 7/01/28 | 7/25 at 100.00 | BBB | 966,103 | ||
485 | 5.000%, 7/01/29 | 7/25 at 100.00 | BBB | 560,287 | ||
1,000 | 5.000%, 7/01/30 | 7/25 at 100.00 | BBB | 1,150,290 | ||
180 | 5.000%, 7/01/33 | 7/25 at 100.00 | BBB | 205,610 | ||
11,010 | Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Series 2015C, 3.900%, 9/01/35 | 9/24 at 100.00 | AA+ | 11,651,443 | ||
Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Series 2019D: | ||||||
55 | 2.600%, 9/01/34 | 3/29 at 100.00 | AA+ | 57,466 | ||
11,660 | 2.850%, 9/01/39 | 3/29 at 100.00 | AA+ | 12,199,508 | ||
10,000 | Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Series 2020A, 2.550%, 9/01/40 | 3/29 at 100.00 | AA+ | 10,265,600 | ||
1,400 | Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Series 2021A, 1.950%, 9/01/37 | 3/30 at 100.00 | AA+ | 1,368,231 | ||
Nebraska Public Power District, General Revenue Bonds, Series 2012A: | ||||||
1,485 | 5.000%, 1/01/23 | 1/22 at 100.00 | A+ | 1,536,455 | ||
960 | 5.000%, 1/01/24 (Pre-refunded 1/01/22) | 1/22 at 100.00 | N/R (7) | 994,512 | ||
575 | 5.000%, 1/01/24 | 1/22 at 100.00 | A+ | 594,286 | ||
615 | 5.000%, 1/01/25 (Pre-refunded 1/01/22) | 1/22 at 100.00 | N/R (7) | 637,109 | ||
380 | 5.000%, 1/01/25 | 1/22 at 100.00 | A+ | 392,745 | ||
1,370 | Papillion-LaVista School District 27, Sarpy County, Nebraska, General Obligation Bonds, Refunding Series 2020B, 4.000%, 12/01/26 | No Opt. Call | Aa2 | 1,615,709 | ||
645 | Papillion-LaVista School District 27, Sarpy County, Nebraska, General Obligation Bonds, Series 2014, 5.000%, 12/01/22 (ETM) | No Opt. Call | Aa2 (7) | 697,148 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Nebraska (continued) | ||||||
$ 8,000 | Public Power Generation Agency, Nebraska, Whelan Energy Center Unit 2 Revenue Bonds, Refunding Series 2016A, 5.000%, 1/01/32 | 7/26 at 100.00 | A2 | 9,635,200 | ||
Sarpy County School District 037 Gretna Public Schools, Nebraska, General Obligation Bonds, Refunding Series 2019: | ||||||
1,195 | 5.000%, 6/15/26 | No Opt. Call | AA- | 1,460,876 | ||
1,380 | 5.000%, 6/15/28 | No Opt. Call | AA- | 1,771,658 | ||
1,475 | 5.000%, 6/15/29 | No Opt. Call | AA- | 1,929,300 | ||
1,760 | 4.000%, 6/15/33 | 6/29 at 100.00 | AA- | 2,102,778 | ||
7,215 | Saunders County School District 1, Ashland-Greenwood, Nebraska, General Obligation Bonds, Series 2021, 2.000%, 12/15/50 | 12/30 at 100.00 | A+ | 6,816,715 | ||
Scotts Bluff County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Regional West Medical Center Project, Refunding & Improvement Series 2016A: | ||||||
3,660 | 5.250%, 2/01/28 | 2/27 at 100.00 | BB+ | 4,181,770 | ||
1,355 | 5.250%, 2/01/29 | 2/27 at 100.00 | BB+ | 1,533,928 | ||
6,000 | Southeast Community College Area, Nebraska, Certificates of Participation, Series 2018, 3.375%, 12/15/37 | 6/28 at 100.00 | Aa1 | 6,564,600 | ||
104,300 | Total Nebraska | 113,346,571 | ||||
Nevada – 1.9% | ||||||
Clark County, Nevada, Airport Revenue Bonds, Jet Aviation Fuel Tax, Refunding Series 2013A: | ||||||
2,000 | 5.000%, 7/01/22 (AMT) | No Opt. Call | A1 | 2,115,360 | ||
1,050 | 5.000%, 7/01/23 (AMT) | 1/23 at 100.00 | A1 | 1,136,825 | ||
1,905 | 5.000%, 7/01/24 (AMT) | 1/23 at 100.00 | A1 | 2,061,134 | ||
5,275 | Clark County, Nevada, General Obligation Bonds, Refunding Flood Control Series 2014, 4.000%, 11/01/33 (Pre-refunded 11/01/24) | 11/24 at 100.00 | AA+ (7) | 5,965,920 | ||
10,000 | Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran International Airport, Refunding Series 2019E, 5.000%, 7/01/23 | No Opt. Call | Aa3 | 11,046,600 | ||
Henderson, Nevada, Limited Obligation Bonds, Local Improvement District T-18 Inspirada, Refunding Series 2016: | ||||||
1,750 | 4.000%, 9/01/32 | 9/26 at 100.00 | N/R | 1,844,098 | ||
2,275 | 4.000%, 9/01/35 | 9/26 at 100.00 | N/R | 2,376,988 | ||
3,585 | Las Vegas Convention and Visitors Authority, Nevada, Revenue Bonds, Refunding Series 2017B, 4.000%, 7/01/34 | 7/27 at 100.00 | Aa3 | 3,966,014 | ||
15,060 | Las Vegas Valley Water District, Nevada, General Obligation Bonds, Limited Tax Refunding Series 2021C, 5.000%, 6/01/27 | No Opt. Call | Aa1 | 18,947,308 | ||
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Limited Tax Refunding Water Series 2021A: | ||||||
14,350 | 5.000%, 6/01/26 | No Opt. Call | Aa1 | 17,580,660 | ||
21,185 | 5.000%, 6/01/27 | No Opt. Call | Aa1 | 26,653,302 | ||
12,860 | 5.000%, 6/01/28 | No Opt. Call | Aa1 | 16,516,967 | ||
13,505 | 5.000%, 6/01/29 | No Opt. Call | Aa1 | 17,701,261 | ||
1,580 | Las Vegas Valley Water District, Nevada, General Obligation Bonds, Limited Tax Refunding Water Series 2021B, 5.000%, 6/01/25 | No Opt. Call | Aa1 | 1,877,610 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Nevada (continued) | ||||||
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2011C: | ||||||
$ 1,550 | 5.000%, 6/01/23 | 6/21 at 100.00 | Aa1 | 1,561,734 | ||
1,000 | 5.000%, 6/01/24 | 6/21 at 100.00 | Aa1 | 1,007,570 | ||
12,450 | 5.000%, 6/01/25 | 6/21 at 100.00 | Aa1 | 12,544,247 | ||
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Water Series 2012B: | ||||||
2,125 | 5.000%, 6/01/24 | 6/22 at 100.00 | Aa1 | 2,242,024 | ||
1,545 | 5.000%, 6/01/25 | 6/22 at 100.00 | Aa1 | 1,629,712 | ||
2,000 | 5.000%, 6/01/26 | 6/22 at 100.00 | Aa1 | 2,108,700 | ||
285 | Las Vegas, Nevada, Local Improvement Bonds, Special Improvement District 607 Providence, Refunding Series 2013, 5.000%, 6/01/22 | No Opt. Call | N/R | 296,346 | ||
4,720 | Nevada State, General Obligation Bonds, Capital Improvement & Cultural Affairs, Refunding Series 2012B, 5.000%, 8/01/22 | No Opt. Call | AA+ | 5,022,882 | ||
11,375 | Nevada State, General Obligation Bonds, Capital Improvement & Cultural Affairs, Refunding Series 2013D-1, 5.000%, 3/01/22 | No Opt. Call | AA+ | 11,878,230 | ||
3,165 | Sparks, Nevada, Sales Tax Revenue Bonds, Tourism Improvement District 1 Legends at Sparks Marina, Refunding Senior Series 2019A, 2.750%, 6/15/28, 144A | No Opt. Call | Ba2 | 3,234,820 | ||
12,190 | Washoe County, Nevada, Gas and Water Facilities Revenue Bonds, Sierra Pacific Power Company, Refunding Series 2016B, 3.000%, 3/01/36 (Mandatory Put 6/01/22) | No Opt. Call | A+ | 12,556,309 | ||
Washoe County, Nevada, General Obligation Bonds, Reno-Sparks Convention & Visitors Authority, Refunding Series 2011: | ||||||
3,265 | 5.000%, 7/01/22 | 7/21 at 100.00 | AA | 3,302,939 | ||
4,710 | 5.000%, 7/01/23 | 7/21 at 100.00 | AA | 4,764,730 | ||
2,600 | Washoe County, Nevada, Water Facilities Revenue Bonds, Sierra Pacific Power Company Project, Refunding Series 2016C, 0.625%, 3/01/36 (Mandatory Put 4/15/22) (AMT) | No Opt. Call | A2 | 2,603,588 | ||
169,360 | Total Nevada | 194,543,878 | ||||
New Hampshire – 0.4% | ||||||
17,116 | National Finance Authority, New Hampshire, Municipal Certificates Series 2020-1 Class A, 4.125%, 1/20/34 | No Opt. Call | BBB | 19,851,939 | ||
16,870 | New Hampshire Business Finance Authority, Pollution Control Revenue Bonds, United Illuminating Company, Refunding Series 2003A, 2.800%, 10/01/33 (Mandatory Put 10/02/23) | No Opt. Call | A | 17,605,026 | ||
915 | New Hampshire Business Finance Authority, Water Facility Revenue Bonds, Pennichuck Water Works Inc Project , Series 2015A, 4.250%, 1/01/36 (Pre-refunded 1/01/26) (AMT) | 1/26 at 100.00 | N/R (7) | 1,061,958 | ||
1,840 | New Hampshire Health and Education Facilities Authority, Revenue Bonds, Elliot Hospital, Series 2016, 5.000%, 10/01/38 | 10/26 at 100.00 | A- | 2,119,735 | ||
920 | New Hampshire Health and Education Facilities Authority, Revenue Bonds, Southern New Hampshire Medical Center, Series 2016, 3.500%, 10/01/34 | 10/26 at 100.00 | A- | 981,180 | ||
2,835 | New Hampshire State, General Obligation Bonds, Capital Improvement Series 2020C, 5.000%, 12/01/28 | No Opt. Call | Aa1 | 3,696,617 | ||
40,496 | Total New Hampshire | 45,316,455 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Jersey – 4.9% | ||||||
Camden County Improvement Authority, New Jersey, Health Care Redevelopment Revenue Bonds, Cooper Health System Obligated Group Issue, Refunding Series 2014A: | ||||||
$ 2,500 | 5.000%, 2/15/30 | 2/24 at 100.00 | BBB+ | 2,757,625 | ||
1,045 | 5.000%, 2/15/34 | 2/24 at 100.00 | BBB+ | 1,145,048 | ||
East Brunswick Township, Middlesex County, New Jersey, General Obligation Bonds, Series 2021: | ||||||
1,095 | 2.000%, 2/15/26 | No Opt. Call | Aa1 | 1,168,280 | ||
1,385 | 2.000%, 2/15/27 | No Opt. Call | Aa1 | 1,483,242 | ||
1,345 | 2.000%, 2/15/30 | 2/29 at 100.00 | Aa1 | 1,426,787 | ||
1,370 | Flemington-Raritan Regional School District, Hunterdon County, New Jersey, General Obligation Bonds, Series 2019, 2.375%, 9/01/34 | 9/26 at 100.00 | AA | 1,401,551 | ||
6,555 | Gloucester County Pollution Control Financing Authority, New Jersey, Pollution Control Revenue Bonds, Logan Project, Refunding Series 2014A, 5.000%, 12/01/24 (AMT) | No Opt. Call | BBB- | 6,872,655 | ||
1,585 | Gloucester Township, New Jersey, General Obligation Bonds, Series 2019, 2.250%, 2/01/29 – BAM Insured | No Opt. Call | AA | 1,660,795 | ||
Hudson County Improvement Authority, New Jersey, County Secured Lease Revenue Bonds, Hudson County Courthouse Project, Refunding Series 2020: | ||||||
1,000 | 5.000%, 10/01/27 | No Opt. Call | AA | 1,250,620 | ||
1,000 | 5.000%, 10/01/29 | No Opt. Call | AA | 1,297,320 | ||
1,000 | Morris County Improvement Authority, New Jersey, County Guaranteed Loan Revenue Bonds, Whippany Firehouse Project Notes, Series 2020, 3.000%, 8/02/21 | No Opt. Call | N/R | 1,009,190 | ||
New Jersey Economic Development Authority, Cigarette Tax Revenue Refunding Bonds, Series 2012: | ||||||
13,995 | 5.000%, 6/15/21 | No Opt. Call | BBB | 14,124,034 | ||
2,635 | 5.000%, 6/15/22 | No Opt. Call | BBB | 2,765,722 | ||
1,100 | 5.000%, 6/15/22 | No Opt. Call | AA | 1,161,226 | ||
7,180 | 5.000%, 6/15/23 | 6/22 at 100.00 | BBB | 7,527,943 | ||
2,990 | 5.000%, 6/15/24 | 6/22 at 100.00 | BBB | 3,129,005 | ||
7,615 | 5.000%, 6/15/25 | 6/22 at 100.00 | BBB | 7,950,821 | ||
5,000 | 5.000%, 6/15/26 | 6/22 at 100.00 | BBB | 5,208,800 | ||
1,030 | 4.250%, 6/15/27 | 6/22 at 100.00 | BBB | 1,059,870 | ||
4,625 | 5.000%, 6/15/28 | 6/22 at 100.00 | BBB | 4,802,646 | ||
New Jersey Economic Development Authority, New Jersey, Transit Transportation Project Revenue Bonds, Series 2020A: | ||||||
4,085 | 5.000%, 11/01/32 | 11/29 at 100.00 | Baa1 | 5,070,302 | ||
6,265 | 4.000%, 11/01/37 | 11/29 at 100.00 | Baa1 | 7,049,315 | ||
2,750 | 4.000%, 11/01/38 | 11/29 at 100.00 | Baa1 | 3,085,032 | ||
New Jersey Economic Development Authority, Private Activity Bonds, The Goethals Bridge Replacement Project, Series 2013: | ||||||
1,350 | 5.000%, 1/01/28 (AMT) | 1/24 at 100.00 | A2 | 1,497,056 | ||
2,215 | 5.000%, 1/01/31 – AGM Insured (AMT) | 1/24 at 100.00 | AA | 2,476,747 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Jersey (continued) | ||||||
$ 6,345 | New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge, Refunding Series 2017A, 3.375%, 7/01/30 | 7/27 at 100.00 | Baa3 | 6,664,202 | ||
25,000 | New Jersey Economic Development Authority, School Facilities Construction Bonds, Refunding Series 2015XX, 5.000%, 6/15/27 | 6/25 at 100.00 | Baa1 | 28,974,750 | ||
New Jersey Economic Development Authority, School Facilities Construction Bonds, Social Series 2021QQQ: | ||||||
605 | 5.000%, 6/15/26 | No Opt. Call | Baa1 | 726,825 | ||
445 | 5.000%, 6/15/27 | No Opt. Call | Baa1 | 545,488 | ||
400 | 5.000%, 6/15/28 | No Opt. Call | Baa1 | 498,620 | ||
6,000 | New Jersey Economic Development Authority, Special Facility Revenue Bonds, Port Newark Container Terminal LLC Project, Refunding Series 2017, 5.000%, 10/01/47 (AMT) | 10/27 at 100.00 | Baa3 | 6,801,060 | ||
10,375 | New Jersey Economic Development Authority, Water Facilities Revenue Bonds, New Jersey-American Water Company Inc Project, Refunding Series 2019A, 2.200%, 10/01/39 (Mandatory Put 12/03/29) (AMT) | 12/29 at 100.00 | A+ | 10,875,490 | ||
4,430 | New Jersey Economic Development Authority, Water Facilities Revenue Bonds, New Jersey-American Water Company Inc Project, Refunding Series 2020D, 1.100%, 11/01/29 (Mandatory Put 12/01/27) (AMT) | No Opt. Call | A+ | 4,401,430 | ||
2,000 | New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Barnabas Health, Refunding Series 2014A, 5.000%, 7/01/44 | 7/24 at 100.00 | AA- | 2,257,240 | ||
10,125 | New Jersey Health Care Facilities Financing Authority, Revenue Bonds, RWJ Barnabas Health Obligated Group, Term Series 2019B-3, 5.000%, 7/01/45 (Mandatory Put 7/01/26) | 4/26 at 100.83 | AA- | 12,229,684 | ||
1,000 | New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Joseph's Healthcare System Obligated Group Issue, Refunding Series 2016, 5.000%, 7/01/35 | 7/26 at 100.00 | BBB- | 1,169,930 | ||
1,105 | New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Virtua Health, Refunding Series 2013, 5.000%, 7/01/24 | 1/24 at 100.00 | AA- | 1,242,066 | ||
New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Senior Lien Series 2017-1A: | ||||||
4,310 | 3.500%, 12/01/29 (AMT) | 12/26 at 100.00 | Aaa | 4,575,324 | ||
11,240 | 3.750%, 12/01/31 (AMT) | 12/26 at 100.00 | Aaa | 11,987,348 | ||
11,495 | 4.000%, 12/01/32 (AMT) | 12/26 at 100.00 | Aaa | 12,443,912 | ||
4,800 | 3.750%, 12/01/33 (AMT) | 12/26 at 100.00 | Aaa | 5,090,256 | ||
875 | New Jersey Housing and Mortgage Finance Agency, Single Family Housing Revenue Bonds, Series 2018A, 3.750%, 10/01/35 | 10/27 at 100.00 | AA | 959,569 | ||
New Jersey State, General Obligation Bonds, Covid-19 Emergency Series 2020A: | ||||||
13,000 | 5.000%, 6/01/27 | No Opt. Call | A3 | 16,064,100 | ||
10,190 | 5.000%, 6/01/28 | No Opt. Call | A3 | 12,830,025 | ||
8,700 | 5.000%, 6/01/29 | No Opt. Call | A3 | 11,129,127 | ||
2,165 | New Jersey State, General Obligation Bonds, Various Purpose Series 2020, 2.250%, 6/01/35 | 12/27 at 100.00 | A3 | 2,156,968 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Jersey (continued) | ||||||
New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Revenue Notes, Series 2018A: | ||||||
$ 6,145 | 5.000%, 6/15/24 | No Opt. Call | A+ | 7,001,093 | ||
8,375 | 5.000%, 6/15/29 | 6/26 at 100.00 | A+ | 9,845,901 | ||
9,405 | 5.000%, 6/15/30 | 6/26 at 100.00 | A+ | 10,973,378 | ||
10,530 | 5.000%, 6/15/31 | 6/26 at 100.00 | A+ | 12,223,961 | ||
1,440 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series 2006C, 0.000%, 12/15/31 – FGIC Insured | No Opt. Call | Baa1 | 1,149,941 | ||
10,955 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2010D, 5.000%, 12/15/23 | No Opt. Call | Baa1 | 12,272,120 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2011B: | ||||||
7,350 | 5.500%, 6/15/31 | 6/21 at 100.00 | Baa1 | 7,415,635 | ||
10,630 | 5.250%, 6/15/36 | 6/21 at 100.00 | Baa1 | 10,716,710 | ||
2,250 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2012A, 5.000%, 6/15/42 | 6/22 at 100.00 | Baa1 | 2,351,767 | ||
14,025 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2012AA, 5.000%, 6/15/22 | No Opt. Call | Baa1 | 14,815,449 | ||
820 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2013AA, 5.000%, 6/15/36 | 6/23 at 100.00 | Baa1 | 886,002 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2015AA: | ||||||
1,810 | 5.250%, 6/15/33 | 6/25 at 100.00 | Baa1 | 2,074,713 | ||
1,850 | 5.250%, 6/15/34 | 6/25 at 100.00 | Baa1 | 2,118,065 | ||
2,000 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2018A, 5.000%, 12/15/23 | No Opt. Call | Baa1 | 2,240,460 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2019A: | ||||||
2,500 | 5.000%, 12/15/25 | No Opt. Call | Baa1 | 2,974,100 | ||
5,000 | 5.000%, 12/15/26 | No Opt. Call | Baa1 | 6,082,050 | ||
10,230 | 5.000%, 12/15/33 | 12/29 at 100.00 | Baa1 | 12,669,037 | ||
3,000 | 4.000%, 12/15/39 | 12/29 at 100.00 | Baa1 | 3,360,720 | ||
9,490 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2019AA, 3.750%, 6/15/33 | 12/28 at 100.00 | Baa1 | 10,470,412 | ||
6,115 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2019BB, 5.000%, 6/15/33 | 12/28 at 100.00 | Baa1 | 7,496,407 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2020AA: | ||||||
2,500 | 4.000%, 6/15/35 | 12/30 at 100.00 | Baa1 | 2,873,177 | ||
4,250 | 4.000%, 6/15/36 | 12/30 at 100.00 | Baa1 | 4,865,489 | ||
21,650 | New Jersey Turnpike Authority, Turnpike Revenue Bonds, Series 2020D, 5.000%, 1/01/28 | No Opt. Call | A+ | 26,312,286 | ||
2,875 | Ocean City, New Jersey, General Obligation Bonds, General Improvement Series 2019, 2.250%, 9/15/33 | 9/26 at 100.00 | AA | 2,990,086 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Jersey (continued) | ||||||
$ 2,325 | Ocean City, New Jersey, General Obligation Bonds, Refunding General Improvement Series 2016, 1.000%, 11/15/28 | 11/24 at 100.00 | AA | 2,311,492 | ||
4,055 | Salem County Pollution Control Financing Authority, New Jersey, Pollution Control Revenue Bonds, Chambers Project, Refunding Series 2014A, 5.000%, 12/01/23 (AMT) | No Opt. Call | BBB | 4,294,164 | ||
13,495 | Somerset County, New Jersey, General Obligation Bonds, Bond Anticpation Notes Series 2020, 4.000%, 9/09/21 | No Opt. Call | N/R | 13,721,581 | ||
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018A: | ||||||
6,360 | 5.000%, 6/01/26 | No Opt. Call | A | 7,692,484 | ||
4,620 | 5.000%, 6/01/28 | No Opt. Call | A | 5,839,495 | ||
125 | 5.000%, 6/01/29 | 6/28 at 100.00 | A | 156,526 | ||
3,170 | 5.000%, 6/01/30 | 6/28 at 100.00 | A | 3,937,045 | ||
6,560 | 5.000%, 6/01/31 | 6/28 at 100.00 | A- | 8,106,520 | ||
6,000 | 5.000%, 6/01/35 | 6/28 at 100.00 | A- | 7,315,440 | ||
11,265 | 4.000%, 6/01/37 | 6/28 at 100.00 | A- | 12,869,925 | ||
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018B: | ||||||
14,540 | 3.200%, 6/01/27 | No Opt. Call | BBB | 14,916,295 | ||
2,770 | 5.000%, 6/01/46 | 6/28 at 100.00 | BB+ | 3,220,263 | ||
2,565 | Toms River Board of Education, Ocean County, New Jersey, General Obligation Bonds, Regional Schools Series 2019, 2.000%, 7/15/26 | No Opt. Call | AA- | 2,710,307 | ||
450,365 | Total New Jersey | 505,275,542 | ||||
New Mexico – 0.5% | ||||||
8,560 | Farmington, New Mexico, Pollution Control Revenue Bonds, Public Service Company of New Mexico San Juan Project, Refunding Series 2010E, 1.150%, 6/01/40 (Mandatory Put 6/01/24) | No Opt. Call | BBB | 8,657,841 | ||
12,500 | New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian Healthcare Services, Series 2019B, 5.000%, 8/01/49 (Mandatory Put 8/01/25) | 5/25 at 100.87 | AA | 14,757,625 | ||
1,645 | New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2018B, 3.750%, 7/01/38 | 7/27 at 100.00 | Aaa | 1,766,319 | ||
4,495 | New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2018C, 3.750%, 7/01/38 | 1/28 at 100.00 | Aaa | 4,894,695 | ||
4,600 | New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2019D, 3.000%, 7/01/39 | 1/29 at 100.00 | Aaa | 4,809,116 | ||
1,975 | New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2019F, 2.850%, 7/01/39 | 1/29 at 100.00 | Aaa | 2,073,947 | ||
9,040 | New Mexico Municipal Energy Acquisition Authority, Gas Supply Revenue Bonds, Refunding & Aquisition Sub-Series 2019A, 5.000%, 11/01/39 (Mandatory Put 5/01/25) | 2/25 at 100.73 | Aa2 | 10,555,466 | ||
42,815 | Total New Mexico | 47,515,009 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York – 7.8% | ||||||
Albany County Airport Authority, New York, Airport Revenue Bonds, Refunding Series 2020B Forward Delivery: | ||||||
$ 1,000 | 5.000%, 12/15/21 (AMT) | No Opt. Call | A- | 1,031,140 | ||
1,000 | 5.000%, 12/15/22 (AMT) | No Opt. Call | A- | 1,075,110 | ||
1,225 | 5.000%, 12/15/23 (AMT) | No Opt. Call | A- | 1,367,676 | ||
1,145 | 5.000%, 12/15/24 (AMT) | No Opt. Call | A- | 1,318,628 | ||
Albany County, New York, General Obligation Bonds, Refunding Forward Delivery Series 2019C: | ||||||
2,225 | 5.000%, 11/01/21 | No Opt. Call | AA | 2,286,677 | ||
1,915 | 5.000%, 11/01/22 | No Opt. Call | AA | 2,054,795 | ||
1,515 | 5.000%, 11/01/23 | No Opt. Call | AA | 1,698,239 | ||
Buffalo and Fort Erie Public Bridge Authority, New York, Toll Bridge System Revenue Bonds, Refunding Series 2014: | ||||||
300 | 5.000%, 1/01/24 | No Opt. Call | A+ | 337,386 | ||
500 | 5.000%, 1/01/25 | No Opt. Call | A+ | 581,010 | ||
3,390 | Build NYC Resource Corporation, New York, Revenue Bonds, Family Life Academy Charter School, Series 2020A-1, 5.250%, 6/01/40, 144A | 12/30 at 100.00 | N/R | 3,415,295 | ||
4,360 | Build NYC Resource Corporation, New York, Revenue Bonds, Family Life Academy Charter School, Series 2020B-1, 5.000%, 6/01/40, 144A | 12/30 at 100.00 | N/R | 4,563,740 | ||
4,000 | Dormitory Authority of the State of New York, Revenue Bonds, Northwell Healthcare Inc, Series 2019B-3, 5.000%, 5/01/48 (Mandatory Put 5/01/26) | 11/25 at 100.00 | A- | 4,754,200 | ||
Dormitory Authority of the State of New York, Revenue Bonds, Orange Regional Medical Center Obligated Group, Series 2017: | ||||||
1,900 | 5.000%, 12/01/25, 144A | No Opt. Call | BBB- | 2,216,483 | ||
1,400 | 5.000%, 12/01/27, 144A | 6/27 at 100.00 | BBB- | 1,679,468 | ||
1,300 | 5.000%, 12/01/29, 144A | 6/27 at 100.00 | BBB- | 1,532,921 | ||
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose, Series 2021A: | ||||||
10,000 | 5.000%, 3/15/28 | No Opt. Call | AA+ | 12,695,298 | ||
20,000 | 5.000%, 3/15/29 | No Opt. Call | AA+ | 25,833,358 | ||
Dormitory Authority of the State of New York, State University Educational Facilities Revenue Bonds, Third General Resolution, Series 2012A: | ||||||
10,085 | 5.000%, 5/15/24 | 5/22 at 100.00 | AA | 10,634,431 | ||
9,285 | 5.000%, 5/15/25 | 5/22 at 100.00 | AA | 9,783,326 | ||
7,000 | Erie County, New York, General Obligation Bonds, Revenue Anticipation Note Series 2020, 3.000%, 6/24/21 | No Opt. Call | AA- | 7,045,290 | ||
5,135 | Long Island Power Authority, New York, Electric System General Revenue Bonds, Notes Series 2021, 1.000%, 9/01/25 | 9/23 at 100.00 | A | 5,189,335 | ||
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2000A: | ||||||
110 | 0.000%, 6/01/22 – AGM Insured | No Opt. Call | AA | 109,336 | ||
1,055 | 0.000%, 6/01/23 – AGM Insured | No Opt. Call | AA | 1,039,565 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
$ 1,235 | Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2012B, 5.000%, 9/01/26 | 9/22 at 100.00 | A | 1,315,510 | ||
32,870 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2019B-1, 5.000%, 5/15/22 | No Opt. Call | N/R | 34,440,200 | ||
21,745 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2019D-1, 5.000%, 9/01/22 | No Opt. Call | N/R | 23,049,700 | ||
10,025 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2019F, 5.000%, 11/15/22 | No Opt. Call | N/R | 10,712,214 | ||
7,090 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2020A-1, 5.000%, 2/01/23 | No Opt. Call | N/R | 7,627,067 | ||
42,610 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2020A-2S, 4.000%, 2/01/22 | No Opt. Call | N/R | 43,771,122 | ||
6,000 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green Climate Bond Certified Series 2020D-1, 5.000%, 11/15/43 | 11/30 at 100.00 | A3 | 7,342,800 | ||
545 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding Green Climate Certified Series 2017C-1, 5.000%, 11/15/24 | No Opt. Call | A3 | 627,754 | ||
2,380 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding Green Climate Certified Series 2020E, 5.000%, 11/15/33 | 11/30 at 100.00 | A3 | 3,029,621 | ||
14,855 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding Series 2012F, 5.000%, 11/15/30 | 11/22 at 100.00 | A3 | 15,715,996 | ||
7,000 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2015A-1, 5.000%, 11/15/36 | 5/25 at 100.00 | A3 | 7,901,460 | ||
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2021A-2: | ||||||
5,000 | 4.000%, 11/15/41 | 5/31 at 100.00 | A3 | 5,675,885 | ||
17,800 | 4.000%, 11/15/42 | 5/31 at 100.00 | A3 | 20,138,101 | ||
1,770 | Monroe County Industrial Development Corporation, New York, Revenue Bonds, Saint Ann?s Community Project, Series 2019, 4.000%, 1/01/30 | 1/26 at 103.00 | N/R | 1,902,715 | ||
1,910 | Monroe County Industrial Development Corporation, New York, Revenue Bonds, Saint Ann's Community Project, Series 2019, 5.000%, 1/01/40 | 1/26 at 103.00 | N/R | 2,088,795 | ||
36,975 | Nassau County Interim Finance Authority, New York, Sales Tax Secured Bonds, Series 2021A, 5.000%, 11/15/31 | 5/31 at 100.00 | AAA | 50,316,637 | ||
Nassau County Local Economic Assistance Corporation, New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group Project, Series 2014: | ||||||
1,525 | 5.000%, 7/01/28 | 7/24 at 100.00 | A- | 1,723,753 | ||
1,000 | 5.000%, 7/01/29 | 7/24 at 100.00 | A- | 1,125,890 | ||
Nassau County Local Economic Assistance Corporation, New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group Project, Series 2014B: | ||||||
655 | 5.000%, 7/01/30 | 7/24 at 100.00 | A- | 735,002 | ||
2,455 | 5.000%, 7/01/32 | 7/24 at 100.00 | A- | 2,744,862 | ||
10,000 | Nassau County, New York, General Obligation Bonds, Revenue Anticipation Note Series 2021B, 2.000%, 1/07/22 | No Opt. Call | N/R | 10,140,139 | ||
16,000 | Nassau County, New York, General Obligation Bonds, Tax Anticipation Notes Series 2021B, 2.000%, 12/10/21 | No Opt. Call | N/R | 16,204,536 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
$ 7,610 | New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Sustainable Neighborhood Series 2019A-3A, 1.125%, 5/01/60 (Mandatory Put 11/01/24) | 5/22 at 100.00 | AA+ | 7,660,302 | ||
New York City Industrial Development Agency, New York, PILOT Payment in Lieu of Taxes Revenue Bonds, Queens Baseball Stadium Project, Refunding Series 2021A: | ||||||
1,250 | 5.000%, 1/01/28 – AGM Insured | No Opt. Call | AA | 1,571,867 | ||
1,505 | 5.000%, 1/01/29 – AGM Insured | No Opt. Call | AA | 1,924,367 | ||
2,125 | 4.000%, 1/01/32 – AGM Insured | 1/31 at 100.00 | AA | 2,562,607 | ||
1,650 | 3.000%, 1/01/33 – AGM Insured | 1/31 at 100.00 | AA | 1,804,012 | ||
44,760 | 3.000%, 1/01/46 – AGM Insured | 1/31 at 100.00 | AA | 46,379,296 | ||
9,320 | New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2021 Subseries E-1, 5.000%, 2/01/37 | 2/31 at 100.00 | AAA | 12,032,390 | ||
New York City, New York, General Obligation Bonds, Fiscal 2021 Series A-1: | ||||||
7,500 | 5.000%, 8/01/28 | No Opt. Call | AA | 9,594,000 | ||
6,750 | 5.000%, 8/01/29 | No Opt. Call | AA | 8,756,910 | ||
10,025 | 5.000%, 8/01/30 | No Opt. Call | AA | 13,202,925 | ||
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Climate Bond Certified/Green Bond Series 2018I: | ||||||
900 | 3.625%, 11/01/33 | 11/27 at 100.00 | Aa2 | 993,807 | ||
2,000 | 3.875%, 11/01/38 | 11/27 at 100.00 | Aa2 | 2,203,940 | ||
5,500 | New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Climate Bond Certified/Green Bond Series 2019D, 2.050%, 5/01/23 | 4/21 at 100.00 | Aa2 | 5,504,070 | ||
2,335 | New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Climate Bond Certified/Sustainability Green Series 2020J, 0.750%, 5/01/25 | 7/22 at 100.00 | Aa2 | 2,337,148 | ||
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Climate Bond Certified/Sustainability Series 2019P: | ||||||
2,040 | 2.600%, 11/01/34 | 5/28 at 100.00 | Aa2 | 2,123,130 | ||
10,105 | 2.850%, 11/01/39 | 5/28 at 100.00 | Aa2 | 10,550,732 | ||
8,845 | New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Refunding Series 2019C, 3.850%, 11/01/39 | 5/28 at 100.00 | Aa2 | 9,732,773 | ||
21,000 | New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Refunding Series 2020H, 2.300%, 11/01/40 | 5/29 at 100.00 | Aa2 | 21,001,680 | ||
2,500 | New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2019E, 2.125%, 11/01/23 | 8/21 at 100.00 | Aa2 | 2,514,350 | ||
13,760 | New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 223, 3.000%, 10/01/39 | 10/28 at 100.00 | Aa1 | 14,388,970 | ||
10,175 | New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 225, 2.300%, 10/01/40 | 10/29 at 100.00 | Aa1 | 10,178,459 | ||
6,000 | New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 227, 2.300%, 10/01/40 | 10/29 at 100.00 | Aa1 | 6,002,040 | ||
21,935 | New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 231, 2.400%, 10/01/41 | 4/30 at 100.00 | Aa1 | 22,014,282 | ||
6,095 | New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, General Purpose, Series 2020C, 5.000%, 3/15/26 | No Opt. Call | AA+ | 7,388,054 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, General Purpose, Series 2020E: | ||||||
$ 13,000 | 4.000%, 3/15/38 | 3/30 at 100.00 | AA+ | 15,055,960 | ||
2,795 | 4.000%, 3/15/42 | 3/30 at 100.00 | AA+ | 3,195,718 | ||
New York Transportation Development Corporation, New York, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A: | ||||||
1,440 | 5.000%, 7/01/30 (AMT) | 7/24 at 100.00 | BBB | 1,633,435 | ||
2,045 | 4.000%, 7/01/32 (AMT) | 7/24 at 100.00 | BBB | 2,218,518 | ||
8,075 | 4.000%, 7/01/33 (AMT) | 7/24 at 100.00 | BBB | 8,742,560 | ||
9,715 | 5.000%, 7/01/34 (AMT) | 7/24 at 100.00 | BBB | 10,960,560 | ||
12,605 | 5.000%, 7/01/41 (AMT) | 7/24 at 100.00 | BBB | 14,132,474 | ||
2,465 | 4.000%, 7/01/46 – AGM Insured (AMT) | 7/24 at 100.00 | AA | 2,651,329 | ||
50,000 | 5.000%, 7/01/46 (AMT) | 7/24 at 100.00 | BBB | 55,906,500 | ||
New York Transportation Development Corporation, New York, Special Facility Revenue Refunding Bonds, Terminal One Group Association, LP Project, Series 2015: | ||||||
2,015 | 5.000%, 1/01/22 (AMT) | No Opt. Call | BBB | 2,081,817 | ||
2,065 | 5.000%, 1/01/23 (AMT) | No Opt. Call | BBB | 2,224,480 | ||
New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta Air Lines, Inc - LaGuardia Airport Terminals C&D Redevelopment Project, Series 2018: | ||||||
15,510 | 4.000%, 1/01/36 (AMT) | 1/28 at 100.00 | Baa3 | 17,049,833 | ||
2,000 | 5.000%, 1/01/36 (AMT) | 1/28 at 100.00 | Baa3 | 2,371,420 | ||
4,955 | New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta Air Lines, Inc - LaGuardia Airport Terminals C&D Redevelopment Project, Series 2020, 5.000%, 10/01/35 (AMT) | 10/30 at 100.00 | Baa3 | 6,173,633 | ||
10,030 | Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Seventy Ninth Series 2013, 5.000%, 12/01/25 | 12/23 at 100.00 | Aa3 | 11,262,185 | ||
10,000 | Rochester, New York, General Obligation Bonds, Bond Anticpation Notes Series 2020-III, 3.000%, 6/30/21 | No Opt. Call | N/R | 10,069,400 | ||
Suffolk County Economic Development Corporation, New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group Project, Series 2014: | ||||||
2,435 | 5.000%, 7/01/28 | 7/24 at 100.00 | A- | 2,752,354 | ||
2,695 | 5.000%, 7/01/29 | 7/24 at 100.00 | A- | 3,034,274 | ||
4,200 | 5.000%, 7/01/30 | 7/24 at 100.00 | A- | 4,712,988 | ||
2,100 | 5.000%, 7/01/31 | 7/24 at 100.00 | A- | 2,351,517 | ||
1,335 | 5.000%, 7/01/32 | 7/24 at 100.00 | A- | 1,492,623 | ||
3,080 | 5.000%, 7/01/33 | 7/24 at 100.00 | A- | 3,437,403 | ||
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute, Refunding Series 2020A Forward Delivery: | ||||||
1,200 | 5.000%, 9/01/23 | No Opt. Call | A3 | 1,324,488 | ||
1,835 | 5.000%, 9/01/24 | No Opt. Call | A3 | 2,094,634 | ||
2,000 | 5.000%, 9/01/25 | No Opt. Call | A3 | 2,348,040 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
$ 20,000 | Utility Debt Securitization Authority, New York, Restructuring Bonds, Refunding Series 2015, 5.000%, 12/15/34 | 12/25 at 100.00 | AAA | 23,878,200 | ||
726,570 | Total New York | 806,150,920 | ||||
North Carolina – 0.7% | ||||||
2,395 | Columbus County Industrial Facilities and Pollution Control Financing Authority, North Carolina, Recovery Zone Facility Bonds, International Paper Company Project, Refunding Series 2020A, 1.375%, 5/01/34 (Mandatory Put 6/16/25) | No Opt. Call | BBB | 2,447,714 | ||
610 | North Carolina Captial Facilities Finance Agency, Revenue Bonds, The Methodist Univerity, Series 2012, 3.750%, 3/01/24 | 3/22 at 100.00 | BB+ | 613,495 | ||
4,000 | North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, 1998 Trust Agreement, Series 2019-42, 2.625%, 7/01/39 | 7/28 at 100.00 | AA+ | 4,172,080 | ||
5,900 | North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, 1998 Trust Agreement, Series 2020-43, 2.800%, 1/01/40 | 1/29 at 100.00 | AA+ | 6,176,887 | ||
5,065 | North Carolina Medical Care Commission, Hospital Revenue Bonds, CaroMont Health A/K/A Gaston Health, Series 2021A, 5.000%, 2/01/51 (Mandatory Put 2/01/26) | 2/26 at 100.00 | AA- | 6,110,164 | ||
11,600 | North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Series 2015C, 5.000%, 1/01/29 | 1/26 at 100.00 | A | 13,732,544 | ||
10,000 | North Carolina State, General Obligation Bonds, Connect NC Public Improvement Series 2020A, 5.000%, 6/01/27 | No Opt. Call | AAA | 12,615,592 | ||
13,485 | North Carolina State, Limited Obligation Bonds, Series 2020B, 5.000%, 5/01/26 | No Opt. Call | AA+ | 16,472,602 | ||
Wake County, North Carolina, Limited Obligation Bonds, Series 2021: | ||||||
2,285 | 5.000%, 3/01/28 | No Opt. Call | AA+ | 2,923,861 | ||
1,075 | 5.000%, 3/01/29 | No Opt. Call | AA+ | 1,405,046 | ||
2,000 | 5.000%, 3/01/30 | No Opt. Call | AA+ | 2,663,501 | ||
58,415 | Total North Carolina | 69,333,486 | ||||
North Dakota – 0.8% | ||||||
Burleigh County, North Dakota, Health Care Revenue Bonds, Saint Alexius Medical Center Project, Series 2014A: | ||||||
120 | 5.000%, 7/01/23 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (7) | 121,292 | ||
1,240 | 5.000%, 7/01/26 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (7) | 1,253,355 | ||
2,835 | 5.000%, 7/01/27 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (7) | 2,865,533 | ||
1,485 | 5.000%, 7/01/28 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (7) | 1,500,994 | ||
1,000 | 5.000%, 7/01/31 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (7) | 1,010,770 | ||
2,955 | 5.000%, 7/01/35 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (7) | 2,986,825 | ||
2,755 | Fargo, North Dakota, Health System Revenue Bonds, Sanford Health, Refunding Series 2011, 6.250%, 11/01/31 (Pre-refunded 11/01/21) | 11/21 at 100.00 | A+ (7) | 2,849,441 | ||
Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System Obligated Group, Series 2012: | ||||||
2,335 | 5.000%, 12/01/32 | 12/21 at 100.00 | Baa2 | 2,368,227 | ||
26,005 | 5.000%, 12/01/35 | 12/21 at 100.00 | Baa2 | 26,345,145 | ||
4,170 | North Dakota Housing Finance Agency, Home Mortgage Finance Program Bonds, Series 2019C, 3.200%, 7/01/39 | 7/28 at 100.00 | Aa1 | 4,400,684 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
North Dakota (continued) | ||||||
$ 2,565 | North Dakota Housing Finance Agency, Home Mortgage Finance Program Bonds, Series 2020A, 3.000%, 7/01/40 | 7/29 at 100.00 | Aa1 | 2,682,144 | ||
4,900 | North Dakota Housing Finance Agency, Home Mortgage Finance Program Bonds, Series 2020B, 2.350%, 7/01/40 | 1/30 at 100.00 | Aa1 | 4,924,696 | ||
Ward County Health Care, North Dakota, Revenue Bonds, Trinity Obligated Group, Series 2017C: | ||||||
3,785 | 5.000%, 6/01/28 | No Opt. Call | BBB- | 4,477,731 | ||
3,000 | 5.000%, 6/01/29 | 6/28 at 100.00 | BBB- | 3,520,770 | ||
1,260 | 5.000%, 6/01/31 | 6/28 at 100.00 | BBB- | 1,457,669 | ||
3,480 | 5.000%, 6/01/34 | 6/28 at 100.00 | BBB- | 3,974,125 | ||
13,280 | 5.000%, 6/01/38 | 6/28 at 100.00 | BBB- | 15,011,712 | ||
77,170 | Total North Dakota | 81,751,113 | ||||
Ohio – 3.2% | ||||||
1,900 | Allen County, Ohio, Hospital Facilities Revenue Bonds, Catholic Health Partners, Refunding and Improvement Series 2012A, 5.000%, 5/01/33 (Pre-refunded 5/01/22) | 5/22 at 100.00 | AA- (7) | 1,999,731 | ||
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1: | ||||||
2,085 | 5.000%, 6/01/27 | No Opt. Call | A | 2,566,489 | ||
7,605 | 5.000%, 6/01/28 | No Opt. Call | A | 9,558,572 | ||
13,705 | 5.000%, 6/01/29 | No Opt. Call | A | 17,542,948 | ||
9,770 | 5.000%, 6/01/30 | No Opt. Call | A | 12,704,810 | ||
11,595 | 5.000%, 6/01/31 | 6/30 at 100.00 | A- | 14,969,493 | ||
5,610 | 5.000%, 6/01/32 | 6/30 at 100.00 | A- | 7,195,330 | ||
4,045 | 5.000%, 6/01/33 | 6/30 at 100.00 | A- | 5,148,638 | ||
3,145 | 5.000%, 6/01/34 | 6/30 at 100.00 | A- | 3,984,872 | ||
4,305 | 5.000%, 6/01/35 | 6/30 at 100.00 | A- | 5,429,767 | ||
1,155 | 5.000%, 6/01/36 | 6/30 at 100.00 | A- | 1,447,619 | ||
4,025 | 4.000%, 6/01/37 | 6/30 at 100.00 | A- | 4,676,768 | ||
5,965 | 4.000%, 6/01/38 | 6/30 at 100.00 | A- | 6,887,726 | ||
7,005 | 4.000%, 6/01/39 | 6/30 at 100.00 | A- | 8,052,528 | ||
8,065 | 3.000%, 6/01/48 | 6/30 at 100.00 | BBB+ | 8,174,684 | ||
3,150 | 4.000%, 6/01/48 | 6/30 at 100.00 | BBB+ | 3,515,306 | ||
7,360 | Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020B-2 Class 2, 5.000%, 6/01/55 | 6/30 at 100.00 | N/R | 8,297,958 | ||
Cleveland, Ohio, Airport System Revenue Bonds, Refunding Series 2016A: | ||||||
1,525 | 5.000%, 1/01/28 – AGM Insured | 1/25 at 100.00 | AA | 1,760,445 | ||
2,230 | 5.000%, 1/01/29 – AGM Insured | 1/25 at 100.00 | AA | 2,569,830 | ||
2,000 | 5.000%, 1/01/30 – AGM Insured | 1/25 at 100.00 | AA | 2,294,420 | ||
1,800 | 5.000%, 1/01/31 – AGM Insured | 1/25 at 100.00 | AA | 2,059,272 | ||
10,170 | Columbus, Ohio, General Obligation Bonds, Various Purpose Series 2019A, 5.000%, 4/01/27 | No Opt. Call | AAA | 12,740,505 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Ohio (continued) | ||||||
Columbus, Ohio, General Obligation Bonds, Various Purpose Series 2021A: | ||||||
$ 8,470 | 5.000%, 4/01/27 | No Opt. Call | AAA | 10,610,824 | ||
6,000 | 5.000%, 4/01/28 | No Opt. Call | AAA | 7,701,469 | ||
365 | Lake County, Ohio, Hospital Facilities Revenue Bonds, Lake Hospital System, Inc, Refunding Series 2008C, 5.500%, 8/15/24 | 5/21 at 100.00 | A- | 366,226 | ||
3,320 | Lancaster Port Authority, Ohio, Gas Supply Revenue Bonds, Series 2019, 5.000%, 8/01/49 (Mandatory Put 2/01/25) | 11/24 at 100.68 | Aa2 | 3,849,905 | ||
1,080 | Montgomery County, Ohio, Hospital Facilities Revenue Bonds, Kettering Health Network Obligated Group Project, Refunding & Improvement Series 2021, 3.000%, 8/01/40 | 2/31 at 100.00 | A+ | 1,145,229 | ||
7,450 | Muskingum County, Ohio, Hospital Facilities Revenue Bonds, Genesis HealthCare System Obligated Group Project, Series 2013, 5.000%, 2/15/27 | 2/23 at 100.00 | BB+ | 7,874,352 | ||
New Albany Community Authority, Ohio, Community Facilities Revenue Refunding Bonds, Series 2012C: | ||||||
1,230 | 5.000%, 10/01/21 | No Opt. Call | Aa3 | 1,259,139 | ||
965 | 5.000%, 10/01/22 | No Opt. Call | Aa3 | 1,033,978 | ||
2,940 | Ohio Air Quality Development Authority, Ohio, Air Quality Development Revenue Bonds, FirstEnergy Generation Corporation Project, Series 2009A, 5.700%, 8/01/21 (6) | No Opt. Call | N/R | 3,675 | ||
1,400 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Corporation Project, Refunding Series 2009B, 3.100%, 3/01/23 (6) | No Opt. Call | N/R | 1,750 | ||
28,740 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23 (6) | No Opt. Call | N/R | 35,925 | ||
915 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Corporation Project, Refunding Series 2010A, 3.125%, 7/01/33 (6) | No Opt. Call | N/R | 1,144 | ||
3,610 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2006B, 3.625%, 12/01/33 (6) | No Opt. Call | N/R | 4,513 | ||
250 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2008C, 3.950%, 11/01/32 (6) | No Opt. Call | N/R | 313 | ||
1,020 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2009A, 4.375%, 6/01/33 (Mandatory Put 6/01/22) | No Opt. Call | N/R | 1,050,600 | ||
14,735 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Power Company Project, Refunding Series 2005A, 2.100%, 1/01/29 (Mandatory Put 10/01/24) (AMT) | No Opt. Call | BBB+ | 15,322,190 | ||
20,015 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Power Company Project, Refunding Series 2005C, 2.100%, 4/01/28 (Mandatory Put 10/01/24) (AMT) | No Opt. Call | BBB+ | 20,833,013 | ||
20,825 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Power Company Project, Refunding Series 2007A, 2.500%, 8/01/40 (Mandatory Put 10/01/29) (AMT) | No Opt. Call | BBB+ | 22,498,080 | ||
16,850 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Power Company Project, Refunding Series 2007B, 2.500%, 11/01/42 (Mandatory Put 10/01/29) (AMT) | No Opt. Call | BBB+ | 18,211,311 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Ohio (continued) | ||||||
$ 12,040 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Power Company Project, Refunding Series 2014B, 2.600%, 6/01/41 (Mandatory Put 10/01/29) (AMT) | 10/24 at 100.00 | BBB+ | 12,723,631 | ||
6,015 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Power Company Project, Refunding Series 2014D, 1.900%, 5/01/26 (Mandatory Put 10/01/24) | No Opt. Call | BBB+ | 6,250,006 | ||
655 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, Pratt Paper Ohio, LLC Project, Series 2017, 3.750%, 1/15/28, 144A (AMT) | No Opt. Call | N/R | 711,003 | ||
5,000 | Ohio Higher Educational Facility Commission, Revenue Bonds, Case Western Reserve University Project, Series 2019C, 1.625%, 12/01/34 (Mandatory Put 12/01/26) | 6/26 at 100.00 | AA- | 5,117,700 | ||
3,205 | Ohio Housing Finance Agency, Residential Mortgage Revenue Bonds, Mortgage-Backed Securities Program, Series 2019B, 3.000%, 9/01/39 | 9/28 at 100.00 | Aaa | 3,366,147 | ||
5,030 | Ohio Housing Finance Agency, Residential Mortgage Revenue Bonds, Mortgage-Backed Securities Program, Series 2020A, 2.750%, 9/01/40 | 3/29 at 100.00 | Aaa | 5,202,931 | ||
1,725 | Ohio Housing Finance Agency, Residential Mortgage Revenue Bonds, Mortgage-Backed Securities Program, Series 2020B, 2.250%, 9/01/40 | 9/29 at 100.00 | Aaa | 1,736,558 | ||
3,000 | Ohio Housing Finance Agency, Residential Mortgage Revenue Bonds, Mortgage-Backed Securities Program, Series 2021A, 2.250%, 9/01/41 (WI/DD, Settling 4/22/21) | 3/30 at 100.00 | Aaa | 3,021,194 | ||
1,400 | Ohio State, General Obligation Bonds, Common Schools Series 2021A, 5.000%, 6/15/26 | No Opt. Call | AA+ | 1,715,508 | ||
2,000 | Ohio State, General Obligation Bonds, Refunding Common Schools Series 2011B, 4.000%, 9/15/21 | No Opt. Call | AA+ | 2,034,920 | ||
8,795 | Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Refunding Series 2016A, 5.000%, 1/15/41 | 1/26 at 100.00 | A | 10,087,746 | ||
5,220 | Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Variable Rate Series 2020B, 5.000%, 1/15/50 (Mandatory Put 1/15/25) | 1/25 at 100.00 | A | 6,056,192 | ||
3,855 | Ohio Water Development Authority, Pollution Control Revenue Bonds, FirstEnergy Generating Corporation Project, Refunding Series 2006A, 3.000%, 5/15/49 (6) | No Opt. Call | N/R | 4,819 | ||
8,500 | Ohio Water Development Authority, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generating Corporation Project, Refunding Series 2005B, 4.000%, 1/01/34 (6) | No Opt. Call | N/R | 10,625 | ||
8,645 | Ohio Water Development Authority, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generating Corporation Project, Refunding Series 2010A, 3.750%, 7/01/33 (6) | No Opt. Call | N/R | 10,806 | ||
1,945 | Ohio Water Development Authority, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generating Corporation Project, Refunding Series 2010C, 4.000%, 6/01/33 (6) | No Opt. Call | N/R | 2,431 | ||
2,355 | Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2006B, 4.000%, 12/01/33 (6) | No Opt. Call | N/R | 2,944 | ||
12,010 | Ohio Water Development Authority, Water Pollution Control Loan Fund Revenue Bonds, Series 2014, 5.000%, 6/01/21 | No Opt. Call | AAA | 12,101,876 | ||
1,935 | Tuscarawas County Economic Development and Finance Alliance, Ohio, Higher Education Facilities Revenue Bonds, Ashland University, Refunding & Improvement Series 2015, 5.375%, 3/01/27 | 3/25 at 100.00 | N/R | 2,099,862 | ||
351,725 | Total Ohio | 327,638,246 | ||||
Oklahoma – 1.6% | ||||||
700 | Bryan County School Finance Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Durant Public Schools Project, Refunding Series 2020, 4.000%, 12/01/28 | No Opt. Call | A | 846,062 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oklahoma (continued) | ||||||
Bryan County School Finance Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Durant Public Schools Project, Series 2020: | ||||||
$ 1,775 | 2.000%, 9/01/28 | No Opt. Call | A | 1,854,485 | ||
1,850 | 2.000%, 9/01/29 | No Opt. Call | A | 1,924,185 | ||
1,800 | 2.750%, 9/01/30 | No Opt. Call | A | 1,981,314 | ||
1,790 | 2.750%, 9/01/31 | 9/30 at 100.00 | A | 1,959,567 | ||
Canadian County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Mustang Public Schools Project, Series 2012: | ||||||
2,290 | 4.500%, 9/01/21 | No Opt. Call | AA- | 2,329,411 | ||
1,415 | 4.000%, 9/01/23 | 9/21 at 100.00 | AA- | 1,436,395 | ||
45 | Canadian County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Mustang Public Schools Project, Series 2017, 4.000%, 9/01/24 | No Opt. Call | AA- | 50,439 | ||
Cleveland County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Moore Public Schools Project, Series 2016: | ||||||
3,025 | 5.000%, 6/01/21 | No Opt. Call | A+ | 3,046,114 | ||
7,580 | 5.000%, 6/01/22 | No Opt. Call | A+ | 7,969,764 | ||
3,085 | 5.000%, 6/01/23 | No Opt. Call | A+ | 3,363,761 | ||
Comanche County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Elgin Public Schools Project, Series 2017A: | ||||||
1,470 | 5.000%, 12/01/28 | 12/27 at 100.00 | A | 1,838,529 | ||
1,410 | 5.000%, 12/01/31 | 12/27 at 100.00 | A | 1,742,365 | ||
Garfield County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Enid Public Schools Project, Series 2016A: | ||||||
3,165 | 5.000%, 9/01/30 | 9/26 at 100.00 | A | 3,810,565 | ||
5,290 | 5.000%, 9/01/31 | 9/26 at 100.00 | A | 6,364,187 | ||
3,150 | Garvin County Educational Facilities Authority, Oklahoma, Lease Revenue Bonds, Wynnewood Public Schools Project, Series 2018, 3.625%, 9/01/36 | 9/28 at 100.00 | A- | 3,412,521 | ||
Grady County School Finance Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Amber-Pocasset Public Schools Project, Series 2019: | ||||||
1,365 | 4.000%, 9/01/32 | 9/29 at 100.00 | A | 1,601,227 | ||
1,485 | 4.000%, 9/01/34 | 9/29 at 100.00 | A | 1,729,431 | ||
1,000 | 4.000%, 9/01/36 | 9/29 at 100.00 | A | 1,157,360 | ||
Grady County School Finance Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Tuttle Public Schools Project, Series 2019: | ||||||
1,870 | 4.000%, 9/01/32 | 9/29 at 100.00 | A+ | 2,201,626 | ||
1,480 | 4.000%, 9/01/33 | 9/29 at 100.00 | A+ | 1,735,478 | ||
1,375 | 4.000%, 9/01/34 | 9/29 at 100.00 | A+ | 1,607,141 | ||
Lincoln County Educational Facilities Authority, Oklahoma, Lease Revenue Bonds, Stroud Public Schools Project, Series 2016: | ||||||
2,115 | 5.000%, 9/01/22 | No Opt. Call | A | 2,244,100 | ||
1,000 | 5.000%, 9/01/23 | No Opt. Call | A | 1,101,720 | ||
1,870 | 5.000%, 9/01/24 | No Opt. Call | A | 2,129,163 | ||
2,490 | 5.000%, 9/01/26 | No Opt. Call | A | 3,000,599 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oklahoma (continued) | ||||||
McClain County Economic Development Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Purcell Public Schools Project, Series 2018: | ||||||
$ 1,280 | 5.000%, 9/01/30 | 9/28 at 100.00 | A | 1,614,093 | ||
1,565 | 5.000%, 9/01/34 | 9/28 at 100.00 | A | 1,942,071 | ||
6,140 | Oklahoma City, Oklahoma, General Obligation Bonds, Refunding Series 2021, 2.000%, 3/01/25 (WI/DD, Settling 5/18/21) | No Opt. Call | AAA | 6,494,697 | ||
Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B: | ||||||
6,160 | 5.000%, 8/15/33 | 8/28 at 100.00 | Baa3 | 7,452,984 | ||
16,565 | 5.000%, 8/15/38 | 8/28 at 100.00 | Baa3 | 19,773,309 | ||
3,205 | Oklahoma Development Finance Authority, Limited Obligation Revenue Bonds, Gilcrease Expressway West Project, Series 2020, 1.625%, 7/06/23 (AMT) | 6/22 at 100.00 | Baa2 | 3,220,961 | ||
1,815 | Oklahoma Housing Finance Agency, Single Family Mortgage Revenue Bonds, Homeownership Loan Program, Series 2019A, 3.000%, 9/01/39 | 3/28 at 100.00 | Aaa | 1,888,743 | ||
1,595 | Oklahoma Housing Finance Agency, Single Family Mortgage Revenue Bonds, Homeownership Loan Program, Series 2020A, 3.000%, 9/01/40 | 3/29 at 100.00 | Aaa | 1,652,755 | ||
Pontotoc County Educational Facilities Authority, Oklahoma, Facilities Lease Revenue Bonds, Ada Public Schools Project, Series 2014: | ||||||
750 | 5.000%, 9/01/22 | No Opt. Call | A- | 796,440 | ||
500 | 3.000%, 9/01/23 | No Opt. Call | A- | 527,180 | ||
630 | 5.000%, 9/01/24 | No Opt. Call | A- | 716,405 | ||
1,505 | 5.000%, 9/01/25 | No Opt. Call | A- | 1,759,797 | ||
3,210 | Tulsa Airports Improvement Trust, Oklahoma, General Airport Revenue Bonds, Series 2013A, 5.625%, 6/01/38 (AMT) | 6/23 at 100.00 | AA | 3,531,225 | ||
Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Berryhill Public Schools Project, Series 2020: | ||||||
1,540 | 2.000%, 9/01/27 | No Opt. Call | A- | 1,583,967 | ||
1,605 | 2.000%, 9/01/28 | No Opt. Call | A- | 1,641,498 | ||
1,670 | 2.000%, 9/01/29 | No Opt. Call | A- | 1,694,549 | ||
3,150 | 2.000%, 9/01/30 | No Opt. Call | A- | 3,170,884 | ||
Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Broken Arrow Public Schools Project, Series 2016: | ||||||
3,655 | 5.000%, 9/01/25 | 9/23 at 100.00 | AA- | 4,058,366 | ||
10,755 | 5.000%, 9/01/26 | 9/23 at 100.00 | AA- | 11,939,125 | ||
1,650 | Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Broken Arrow Public Schools Project, Series 2019A, 5.000%, 9/01/29 | No Opt. Call | AA- | 2,128,450 | ||
Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Jenks Public Schools Project, Series 2015: | ||||||
6,195 | 5.000%, 9/01/25 | No Opt. Call | AA- | 7,385,307 | ||
9,590 | 5.000%, 9/01/26 | 9/25 at 100.00 | AA- | 11,383,234 | ||
2,580 | Washington County Rural Water District 3, Oklahoma, Revenue Bonds, Refunding & Capital improvement Series 2020, 3.000%, 9/15/35 | 3/28 at 100.00 | A+ | 2,756,885 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oklahoma (continued) | ||||||
Weatherford Industrial Trust Educational, Oklahoma, Facilities Lease Revenue Bonds, Weatherford Public Schools Project, Series 2019: | ||||||
$ 2,000 | 5.000%, 3/01/29 | No Opt. Call | A- | 2,515,200 | ||
1,695 | 5.000%, 3/01/31 | 3/29 at 100.00 | A- | 2,145,989 | ||
2,500 | 5.000%, 3/01/33 | 3/29 at 100.00 | A- | 3,138,800 | ||
149,395 | Total Oklahoma | 169,350,423 | ||||
Oregon – 0.8% | ||||||
5,000 | Beaverton School District 48J, Washington and Multnomah Counties, Oregon, General Obligation Bonds, Convertible Deferred Interest Series 2017D, 5.000%, 6/15/35 | 6/27 at 100.00 | AA+ | 6,133,350 | ||
1,750 | Benton and Linn Counties District School District 509J Corvallis, Oregon, General Obligation Bonds, Series 2018A, 5.000%, 6/15/38 | 6/28 at 100.00 | AA+ | 2,174,953 | ||
1,190 | Clackamas Community College District, Oregon, General Obligation Bonds, Deferred Interest Series 2017A, 5.000%, 6/15/40 | 6/27 at 100.00 | Aa1 | 1,435,152 | ||
1,475 | Clackamas County Hospital Facility Authority, Oregon, Revenue Bonds, Rose Villa Inc, Series 2020B-1, 3.250%, 11/15/25 | 11/21 at 100.00 | N/R | 1,484,765 | ||
Clackamas County School District 62, Oregon City, Oregon, General Obligation Bonds, Refunding Series 2018A: | ||||||
1,665 | 0.000%, 6/15/34 | 6/28 at 79.31 | AA+ | 1,161,054 | ||
1,500 | 0.000%, 6/15/35 | 6/28 at 75.58 | AA+ | 992,835 | ||
1,000 | 0.000%, 6/15/37 | 6/28 at 69.16 | AA+ | 602,890 | ||
2,050 | 0.000%, 6/15/39 | 6/28 at 63.17 | AA+ | 1,123,605 | ||
1,770 | Multnomah County Hospital Facilities Authority, Oregon, Revenue Bonds, Adventist Health System/West, Refunding Variable Rate Series 2019, 5.000%, 3/01/40 (Mandatory Put 3/01/25) | 9/24 at 100.00 | A+ | 2,013,393 | ||
2,750 | Multnomah-Clackamas Counties School District 10JT Greham-Barlow, Oregon, General Obligation Bonds, Deferred interest Series 2019A, 0.000%, 6/15/38 | 6/29 at 72.47 | Aa1 | 1,692,323 | ||
2,930 | Oregon Housing and Community Services Department, Mortgage Revenue Bonds, Single-Family Mortgage Program, Series 2017D, 3.450%, 1/01/38 | 1/27 at 100.00 | Aa2 | 3,115,410 | ||
4,680 | Oregon Housing and Community Services Department, Mortgage Revenue Bonds, Single-Family Mortgage Program, Series 2018C, 3.900%, 7/01/38 | 7/27 at 100.00 | Aa2 | 5,017,896 | ||
7,670 | Oregon Housing and Community Services Department, Mortgage Revenue Bonds, Single-Family Mortgage Program, Series 2019A, 2.650%, 7/01/39 | 7/28 at 100.00 | Aa2 | 7,991,830 | ||
15,995 | Oregon State Business Development Commission, Recovery Zone Facility Revenue Bonds, Intel Corporation Project, 232 Series 2010, 2.400%, 12/01/40 (Mandatory Put 8/14/23) | No Opt. Call | A+ | 16,733,169 | ||
11,240 | Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Senior Lien Series 2013A, 5.000%, 11/15/38 (Pre-refunded 11/15/23) | 11/23 at 100.00 | AAA | 12,653,767 | ||
5,855 | Oregon State, General Obligation Bonds, Article XI-Q State Projects Series 2021A, 5.000%, 5/01/27 | No Opt. Call | AA+ | 7,358,585 | ||
Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Healthl Project, Refunding Series 2016A: | ||||||
3,425 | 5.000%, 5/15/32 | 5/26 at 100.00 | AA- | 4,022,217 | ||
1,925 | 5.000%, 5/15/33 | 5/26 at 100.00 | AA- | 2,254,849 | ||
73,870 | Total Oregon | 77,962,043 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania – 5.0% | ||||||
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Allegheny Health Network Obligated Group Issue, Series 2018A: | ||||||
$ 1,000 | 5.000%, 4/01/36 | 4/28 at 100.00 | A | 1,207,080 | ||
10,010 | 4.000%, 4/01/37 | 4/28 at 100.00 | A | 11,269,158 | ||
6,050 | 4.000%, 4/01/38 | 4/28 at 100.00 | A | 6,794,876 | ||
13,810 | 4.000%, 4/01/44 | 4/28 at 100.00 | A | 15,140,179 | ||
Allegheny County, Pennsylvania, General Obligation Bonds, Series C69-C70 of 2012: | ||||||
1,005 | 5.000%, 12/01/25 (Pre-refunded 12/01/22) | 12/22 at 100.00 | AA- (7) | 1,086,254 | ||
4,080 | 5.000%, 12/01/37 (Pre-refunded 12/01/22) | 12/22 at 100.00 | AA- (7) | 4,409,868 | ||
1,525 | Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, City Center Project, Series 2018, 5.000%, 5/01/28, 144A | No Opt. Call | Baa3 | 1,836,466 | ||
1,200 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.500%, 4/01/41 (6) | No Opt. Call | N/R | 1,500 | ||
7,770 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2008A, 2.700%, 4/01/35 (6) | No Opt. Call | N/R | 9,713 | ||
2,880 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35 (6) | No Opt. Call | N/R | 3,600 | ||
Berks County Industrial Development Authority, Pennsylvania, Health System Revenue Bonds, Tower Health Project, Series 2017: | ||||||
1,645 | 4.000%, 11/01/33 | 11/27 at 100.00 | BB- | 1,650,758 | ||
2,395 | 4.000%, 11/01/38 | 11/27 at 100.00 | BB- | 2,321,354 | ||
8,815 | 4.000%, 11/01/39 | 11/27 at 100.00 | BB- | 8,507,709 | ||
380 | 3.750%, 11/01/42 | 11/27 at 100.00 | BB- | 349,114 | ||
4,795 | 4.000%, 11/01/47 | 11/27 at 100.00 | BB- | 4,530,172 | ||
12,430 | 5.000%, 11/01/47 | 11/27 at 100.00 | BB- | 12,469,154 | ||
12,800 | Berks County Municipal Authority, Pennsylvania, Revenue Bonds, Tower Health Project, Series 2020B-2, 5.000%, 2/01/40 (Mandatory Put 2/01/27) | 8/26 at 101.63 | BB- | 13,949,824 | ||
11,910 | Berks County Municipal Authority, Pennsylvania, Revenue Bonds, Tower Health Project, Series 2020B-3, 5.000%, 2/01/40 (Mandatory Put 2/01/30) | 8/29 at 101.50 | BB- | 13,235,226 | ||
1,000 | Capital Region Water, Pennsylvania, Water Revenue Bonds, Series 2018, 5.000%, 7/15/27 | No Opt. Call | A+ | 1,224,120 | ||
3,590 | Clarion County Industrial Development Authority, Pennsylvania, Revenue Bonds, Pennsylvania-American Water Company Project, Refunding Series 2019, 2.450%, 12/01/39 (Mandatory Put 12/03/29) (AMT) | 12/29 at 100.00 | A+ | 3,810,103 | ||
Commonwealth Financing Authority, Pennsylvania, Revenue Bonds, Refunding Forward Delivery Series 2020A: | ||||||
2,000 | 5.000%, 6/01/28 | No Opt. Call | A1 | 2,513,480 | ||
1,750 | 5.000%, 6/01/29 | No Opt. Call | A1 | 2,232,423 | ||
45,170 | Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master Settlement, Series 2018, 4.000%, 6/01/39 – AGM Insured | 6/28 at 100.00 | AA | 51,224,587 | ||
6,715 | Geisinger Authority, Montour County, Pennsylvania, Health System Revenue Bonds, Geisinger Health System, Series 2020B, 5.000%, 4/01/43 (Mandatory Put 2/15/27) | 8/26 at 100.00 | AA- | 8,200,492 | ||
11,640 | Geisinger Authority, Montour County, Pennsylvania, Health System Revenue Bonds, Geisinger Health System, Series 2020C, 5.000%, 4/01/43 (Mandatory Put 4/01/30) | 10/29 at 100.00 | AA- | 15,014,320 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
Indiana County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Indiana Regional Medical Center, Series 2014A: | ||||||
$ 410 | 5.000%, 6/01/22 | No Opt. Call | Ba3 | 426,466 | ||
790 | 5.000%, 6/01/24 | 6/23 at 100.00 | Ba3 | 845,893 | ||
525 | 5.000%, 6/01/25 | 6/23 at 100.00 | Ba3 | 560,553 | ||
370 | 5.125%, 6/01/26 | 6/23 at 100.00 | Ba3 | 395,208 | ||
460 | 5.375%, 6/01/28 | 6/23 at 100.00 | Ba3 | 491,179 | ||
12,575 | Lehigh County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, Pennsylvania Power and Light Company, Series 2016A, 1.800%, 9/01/29 (Mandatory Put 9/01/22) | No Opt. Call | A1 | 12,828,512 | ||
10,520 | Lehigh County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, Pennsylvania Power and Light Company, Series 2016B, 1.800%, 2/15/27 (Mandatory Put 8/15/22) | No Opt. Call | A1 | 10,725,456 | ||
11,890 | Luzerne County Industrial Development Authority, Pennsylvania, Revenue Bonds, Pennsylvania-American Water Company Project, Refunding Series 2019, 2.450%, 12/01/39 (Mandatory Put 12/03/29) (AMT) | 12/29 at 100.00 | A+ | 12,728,007 | ||
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, AICUP Financing Program, Gwynedd Mercy University, Variable Rate Series 2017V-1B: | ||||||
985 | 4.000%, 5/01/36 (Mandatory Put 5/01/22) | No Opt. Call | BBB | 1,000,514 | ||
1,080 | 4.000%, 5/01/36 (Mandatory Put 5/01/23) | No Opt. Call | BBB | 1,132,153 | ||
8,285 | North Allegheny School District, Allegheny County, Pennsylvania, General Obligation Bonds, Limited Tax Series 2019, 4.000%, 5/01/44 | 5/29 at 100.00 | AA | 9,387,071 | ||
4,055 | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, Shippingport Project, First Energy Guarantor, Series 2005A, 3.750%, 12/01/40 (6) | No Opt. Call | N/R | 5,069 | ||
3,455 | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, Shippingport Project, First Energy Guarantor, Series 2006A, 2.550%, 11/01/41 (6) | No Opt. Call | N/R | 4,319 | ||
Pennsylvania Economic Development Financing Authority, Parking System Revenue Bonds, Capitol Region Parking System, Junior Guaranteed Series 2013B: | ||||||
1,975 | 5.500%, 1/01/25 | 1/24 at 100.00 | AA | 2,240,361 | ||
2,265 | 5.500%, 1/01/26 | 1/24 at 100.00 | AA | 2,565,430 | ||
2,265 | 5.500%, 1/01/27 | 1/24 at 100.00 | AA | 2,559,744 | ||
Pennsylvania Economic Development Financing Authority, Parking System Revenue Bonds, Capitol Region Parking System, Junior Insured Series 2013C: | ||||||
500 | 5.500%, 1/01/25 – AGM Insured | 1/24 at 100.00 | AA | 567,180 | ||
1,110 | 5.500%, 1/01/26 – AGM Insured | 1/24 at 100.00 | AA | 1,257,230 | ||
2,505 | 5.500%, 1/01/28 – AGM Insured | 1/24 at 100.00 | AA | 2,830,274 | ||
2,050 | 5.500%, 1/01/29 – AGM Insured | 1/24 at 100.00 | AA | 2,316,070 | ||
1,255 | 5.500%, 1/01/31 – AGM Insured | 1/24 at 100.00 | AA | 1,417,874 | ||
2,375 | Pennsylvania Economic Development Financing Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Project, Series 2004, 2.150%, 11/01/21 | No Opt. Call | A- | 2,400,508 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, LaSalle University, Series 2012: | ||||||
$ 1,320 | 5.000%, 5/01/27 | 11/22 at 100.00 | BB+ | 1,368,259 | ||
10,850 | 5.000%, 5/01/42 | 11/22 at 100.00 | BB+ | 11,088,157 | ||
19,870 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2016-120, 3.100%, 10/01/36 | 10/25 at 100.00 | AA+ | 20,618,105 | ||
8,950 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2016-121, 3.100%, 10/01/36 | 10/25 at 100.00 | AA+ | 9,294,754 | ||
12,830 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2017-125A, 3.700%, 10/01/37 (AMT) | 4/27 at 100.00 | AA+ | 13,786,707 | ||
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2019-128B: | ||||||
6,605 | 3.500%, 10/01/34 | 10/27 at 100.00 | AA+ | 7,131,154 | ||
3,000 | 3.850%, 4/01/38 | 10/27 at 100.00 | AA+ | 3,273,720 | ||
4,880 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2019-131A, 3.000%, 10/01/39 | 4/29 at 100.00 | AA+ | 5,171,482 | ||
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2020-133: | ||||||
2,020 | 2.125%, 10/01/35 | 10/29 at 100.00 | AA+ | 2,054,461 | ||
8,840 | 2.350%, 10/01/40 | 10/29 at 100.00 | AA+ | 8,972,688 | ||
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Subordinate Special Revenue Bonds, Series 2014A: | ||||||
2,095 | 0.000%, 12/01/34 (8) | 12/26 at 100.00 | AA- | 2,302,866 | ||
5,000 | 0.000%, 12/01/37 (8) | 12/26 at 100.00 | AA- | 5,516,800 | ||
15,950 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Capital Appreciation Series 2009E, 6.375%, 12/01/38 | 12/27 at 100.00 | A | 20,995,463 | ||
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Series 2019 Forward Delivery: | ||||||
4,615 | 5.000%, 12/01/24 | No Opt. Call | A1 | 5,394,150 | ||
5,130 | 5.000%, 12/01/25 | No Opt. Call | A1 | 6,190,781 | ||
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Second Series 2016B-2: | ||||||
5,905 | 5.000%, 6/01/25 | No Opt. Call | A3 | 6,868,578 | ||
2,830 | 5.000%, 6/01/29 | 6/26 at 100.00 | A3 | 3,394,302 | ||
22,145 | 5.000%, 6/01/35 | 6/26 at 100.00 | A3 | 26,387,318 | ||
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Second Series 2017: | ||||||
2,515 | 5.000%, 12/01/29 | 12/27 at 100.00 | A3 | 3,140,707 | ||
3,190 | 5.000%, 12/01/31 | 12/27 at 100.00 | A3 | 3,910,015 | ||
5,000 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Series 2016A, 5.000%, 12/01/36 | 12/26 at 100.00 | A3 | 6,035,150 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Third Series 2017: | ||||||
$ 3,495 | 5.000%, 12/01/31 | 12/27 at 100.00 | A3 | 4,283,856 | ||
2,250 | 5.000%, 12/01/32 | 12/27 at 100.00 | A3 | 2,756,812 | ||
2,000 | 4.000%, 12/01/36 | 12/27 at 100.00 | A3 | 2,267,760 | ||
12,025 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2015A-1, 5.000%, 12/01/24 | No Opt. Call | A+ | 14,055,181 | ||
1,045 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2016A-1, 5.000%, 12/01/28 | 6/26 at 100.00 | A1 | 1,269,466 | ||
3,000 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2017A-1, 5.000%, 12/01/36 | 12/27 at 100.00 | A1 | 3,687,780 | ||
7,445 | Philadelphia Authority For Industrial Development, Pennsylvania, City Agreement Revenue Bonds, Cultural and Commercial Corridors Program, Refunding Series 2016A, 5.000%, 12/01/29 | 12/25 at 100.00 | A | 8,870,792 | ||
Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, La Salle University, Series 2017: | ||||||
1,835 | 5.000%, 5/01/31 | 11/27 at 100.00 | BB+ | 2,014,500 | ||
2,050 | 5.000%, 5/01/33 | 11/27 at 100.00 | BB+ | 2,235,361 | ||
1,165 | 5.000%, 5/01/34 | 11/27 at 100.00 | BB+ | 1,265,341 | ||
Philadelphia School District, Pennsylvania, General Obligation Bonds, Refunding Series 2020 Forward Delivery: | ||||||
5,000 | 5.000%, 9/01/21 | No Opt. Call | A+ | 5,096,150 | ||
3,000 | 5.000%, 9/01/22 | No Opt. Call | A+ | 3,198,030 | ||
10,550 | Philadelphia School District, Pennsylvania, General Obligation Bonds, Tax & Revenue Anticipation Note Series 2020-21A, 4.000%, 6/30/21 | No Opt. Call | N/R | 10,651,385 | ||
1,250 | Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2017B, 5.000%, 7/01/21 (AMT) | No Opt. Call | A2 | 1,263,700 | ||
8,530 | Philadelphia, Pennsylvania, Tax and Revenue Anticipation Notes, Series A of 2020-2021, 4.000%, 6/30/21 | No Opt. Call | N/R | 8,612,400 | ||
2,650 | Quakertown General Authority Health Facilities Revenue USDA Loan Anticipation Notes and Revenue Bonds for LifeQuest Obligated Group, Pennsylvania, Series 2017A, 3.125%, 7/01/21 | 4/21 at 100.00 | N/R | 2,637,942 | ||
6,995 | Sayre Healthcare Facility Authority, Pennsylvania, Revenue Bonds, Guthrie Healthcare System, Series 2007, 0.908%, 12/01/24 (3-Month LIBOR *67% reference rate + 0.780%spread) (4) | 5/21 at 100.00 | AA- | 7,009,480 | ||
4,265 | Scranton, Lackawanna County, Pennsylvania, General Obligation Notes, Series 2016, 5.000%, 11/15/26 | 5/24 at 100.00 | BB+ | 4,618,142 | ||
2,235 | Scranton-Lackawanna Health and Welfare Authority, Pennsylvania, University Revenue Bonds, Marywood University, Series 2016, 3.375%, 6/01/26 | No Opt. Call | BB+ | 2,267,296 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
Southcentral Pennsylvania General Authority, Revenue Bonds, Hanover Hospital Inc, Series 2013: | ||||||
$ 1,105 | 5.000%, 12/01/21 | No Opt. Call | A | 1,138,603 | ||
1,625 | 5.000%, 12/01/22 | No Opt. Call | A | 1,748,484 | ||
1,705 | 5.000%, 12/01/23 | 6/23 at 100.00 | A | 1,866,003 | ||
1,795 | 5.000%, 12/01/24 | 6/23 at 100.00 | A | 1,955,168 | ||
3,120 | Washington County Industrial Development Authority, Pennsylvania, College Revenue Bonds, AICUP Financing Program-Washington and Jefferson College Project, Series 2017-PP5, 3.375%, 11/01/36 | 11/27 at 100.00 | A- | 3,290,633 | ||
491,740 | Total Pennsylvania | 522,632,483 | ||||
Puerto Rico – 2.2% | ||||||
9,835 | Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2008A, 6.125%, 7/01/24 | No Opt. Call | CCC | 10,768,833 | ||
Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A: | ||||||
12,320 | 5.250%, 7/01/24 | 7/22 at 100.00 | CCC | 12,997,600 | ||
6,095 | 4.250%, 7/01/25 | 7/22 at 100.00 | CCC | 6,350,442 | ||
13,325 | 5.000%, 7/01/33 | 7/22 at 100.00 | CCC | 14,013,769 | ||
6,155 | 5.125%, 7/01/37 | 7/22 at 100.00 | CCC | 6,482,877 | ||
6,960 | 5.250%, 7/01/42 | 7/22 at 100.00 | CCC | 7,342,800 | ||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1: | ||||||
1,324 | 0.000%, 7/01/24 | No Opt. Call | N/R | 1,244,295 | ||
15,217 | 0.000%, 7/01/27 | No Opt. Call | N/R | 13,350,179 | ||
33,697 | 0.000%, 7/01/29 | 7/28 at 98.64 | N/R | 27,793,960 | ||
30,431 | 0.000%, 7/01/31 | 7/28 at 91.88 | N/R | 23,328,100 | ||
49,666 | 0.000%, 7/01/33 | 7/28 at 86.06 | N/R | 35,316,003 | ||
4,413 | 4.500%, 7/01/34 | 7/25 at 100.00 | N/R | 4,771,512 | ||
12 | 0.000%, 7/01/51 | 7/28 at 30.01 | N/R | 2,656 | ||
584 | 4.750%, 7/01/53 | 7/28 at 100.00 | N/R | 635,628 | ||
4,743 | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured Cofina Project Series 2018B-1, 4.500%, 7/01/34 | 7/25 at 100.00 | N/R | 5,128,321 | ||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2: | ||||||
23,617 | 4.329%, 7/01/40 | 7/28 at 100.00 | N/R | 25,322,620 | ||
22,891 | 4.329%, 7/01/40 | 7/28 at 100.00 | N/R | 24,544,188 | ||
3,703 | 4.784%, 7/01/58 | 7/28 at 100.00 | N/R | 4,016,292 | ||
244,988 | Total Puerto Rico | 223,410,075 | ||||
Rhode Island – 0.5% | ||||||
4,350 | Rhode Island Health and Educational Building Corporation, Revenue Bonds, Care New England Health System, Series 2013A, 5.500%, 9/01/28 (Pre-refunded 9/01/23) | 9/23 at 100.00 | N/R (7) | 4,906,321 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Rhode Island (continued) | ||||||
$ 4,125 | Rhode Island Housing & Mortgage Finance Corporation, Homeownership Opportunity Bond Program, 2019 Series 70, 3.000%, 10/01/39 | 10/28 at 100.00 | AA+ | 4,339,706 | ||
3,900 | Rhode Island Housing & Mortgage Finance Corporation, Homeownership Opportunity Bond Program, 2019 Series 71, 3.000%, 10/01/39 | 4/29 at 100.00 | AA+ | 4,103,697 | ||
10,000 | Rhode Island Housing & Mortgage Finance Corporation, Homeownership Opportunity Bonds, Series 73-A, 2.300%, 10/01/40 | 10/29 at 100.00 | AA+ | 10,041,800 | ||
4,550 | Rhode Island Housing and Mortgage Finance Corporation, Homeownership Opportunity Bond Program, Series 2020-72A, 2.550%, 10/01/40 | 10/29 at 100.00 | AA+ | 4,656,516 | ||
136,145 | Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2007A, 0.000%, 6/01/52 | 4/21 at 15.88 | CCC- | 21,943,851 | ||
163,070 | Total Rhode Island | 49,991,891 | ||||
South Carolina – 0.8% | ||||||
5,770 | Greenville Hospital System Board of Trustees, South Carolina, Hospital Revenue Bonds, Series 2014B, 5.000%, 5/01/34 | 5/24 at 100.00 | A | 6,373,600 | ||
Lexington County Health Services District, Inc, South Carolina, Hospital Revenue Bonds, Lexington Medical Center, Series 2016: | ||||||
1,055 | 5.000%, 11/01/34 | 5/26 at 100.00 | A1 | 1,230,214 | ||
1,170 | 5.000%, 11/01/35 | 5/26 at 100.00 | A1 | 1,360,546 | ||
6,650 | Patriots Energy Group Financing Agency, South Carolina, Gas Supply Revenue Bonds, Series 2018A, 4.000%, 10/01/48 (Mandatory Put 2/01/24) | 11/23 at 100.30 | Aa2 | 7,260,869 | ||
2,980 | South Carolina Housing Finance and Development Authority, Mortgage Revenue Bonds, Series 2019B, 2.900%, 7/01/39 | 1/29 at 100.00 | Aaa | 3,109,541 | ||
6,000 | South Carolina Housing Finance and Development Authority, Mortgage Revenue Bonds, Series 2020B, 2.150%, 7/01/40 | 1/30 at 100.00 | Aaa | 5,947,680 | ||
South Carolina Jobs-Economic Development Authority, Economic Development Revenue Bonds, FMU Student Housing LLC - Francis Marion University Project, Series 2014A: | ||||||
1,910 | 5.000%, 8/01/27 | 8/24 at 100.00 | Baa3 | 2,076,552 | ||
3,925 | 5.000%, 8/01/32 | 8/24 at 100.00 | Baa3 | 4,211,329 | ||
South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Bon Secours Health System Obligated Group, Series 2012: | ||||||
7,535 | 5.000%, 11/01/27 (Pre-refunded 11/01/22) | 11/22 at 100.00 | N/R (7) | 8,107,359 | ||
1,275 | 5.000%, 11/01/29 (Pre-refunded 11/01/22) | 11/22 at 100.00 | N/R (7) | 1,371,849 | ||
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding & Improvement Series 2015A: | ||||||
3,125 | 5.000%, 12/01/31 | 6/25 at 100.00 | A | 3,635,000 | ||
8,290 | 5.000%, 12/01/50 | 6/25 at 100.00 | A | 9,484,920 | ||
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding & Improvement Series 2020A: | ||||||
2,850 | 5.000%, 12/01/31 | 12/30 at 100.00 | A | 3,757,839 | ||
2,675 | 5.000%, 12/01/32 | 12/30 at 100.00 | A | 3,505,614 | ||
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2016A: | ||||||
7,060 | 5.000%, 12/01/29 | 6/26 at 100.00 | A | 8,490,709 | ||
4,125 | 5.000%, 12/01/31 | 6/26 at 100.00 | A | 4,944,637 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
South Carolina (continued) | ||||||
South Carolina State, General Obligation Bonds, Refunding State Transportation Infrastructure Series 2021A: | ||||||
$ 3,185 | 3.000%, 4/01/26 | No Opt. Call | Aaa | 3,568,014 | ||
3,325 | 3.000%, 4/01/27 | No Opt. Call | Aaa | 3,777,954 | ||
1,960 | 3.000%, 4/01/28 | No Opt. Call | Aaa | 2,250,053 | ||
1,580 | Spartanburg Regional Health Services District, Inc, South Carolina, Hosptial Revenue Bonds, Refunding Series 2012A, 5.000%, 4/15/32 | 4/22 at 100.00 | A | 1,650,642 | ||
76,445 | Total South Carolina | 86,114,921 | ||||
South Dakota – 0.3% | ||||||
Mitchell School District 17-2, South Dakota, General Obligation Bonds, Limited Tax Refunding Certificates, Series 2021: | ||||||
200 | 2.000%, 8/01/26 | No Opt. Call | AA+ | 212,011 | ||
400 | 2.000%, 8/01/27 | No Opt. Call | AA+ | 426,492 | ||
400 | 2.000%, 8/01/29 | 8/27 at 100.00 | AA+ | 418,921 | ||
South Dakota Building Authority, Revenue Bonds, Series 2013B: | ||||||
715 | 5.000%, 6/01/22 | No Opt. Call | AA+ | 753,817 | ||
1,065 | 5.000%, 6/01/24 (Pre-refunded 6/01/23) | 6/23 at 100.00 | AA+ (7) | 1,175,867 | ||
1,500 | South Dakota Health and Educational Facilities Authority, Revenue Bonds, Monument Health, Inc, Series 2020A, 5.000%, 9/01/27 | No Opt. Call | AA- | 1,873,455 | ||
2,410 | South Dakota Health and Educational Facilities Authority, Revenue Bonds, Regional Health, Refunding Series 2017, 5.000%, 9/01/31 | 9/27 at 100.00 | AA- | 2,902,387 | ||
6,500 | South Dakota Health and Educational Facilities Authority, Reveune Bonds, Avera Health, Series 2019A, 5.000%, 7/01/33 (Mandatory Put 7/01/24) | 4/24 at 100.00 | AA- | 7,280,000 | ||
South Dakota Housing Development Authority, Homeownership Mortgage Revenue Bonds, Series 2018B: | ||||||
3,200 | 3.850%, 11/01/33 | 11/27 at 100.00 | AAA | 3,527,872 | ||
1,760 | 4.050%, 11/01/38 | 11/27 at 100.00 | AAA | 1,937,831 | ||
2,165 | South Dakota Housing Development Authority, Homeownership Mortgage Revenue Bonds, Series 2019A, 3.800%, 11/01/39 | 5/28 at 100.00 | AAA | 2,359,049 | ||
3,925 | South Dakota Housing Development Authority, Homeownership Mortgage Revenue Bonds, Series 2021A, 2.100%, 11/01/41 | 5/30 at 100.00 | AAA | 3,854,887 | ||
24,240 | Total South Dakota | 26,722,589 | ||||
Tennessee – 1.5% | ||||||
2,265 | Chattanooga-Hamilton County Hospital Authority, Tennessee, Hospital Revenue Bonds, Erlanger Health System, Refunding Series 2014A, 5.000%, 10/01/28 | 10/24 at 100.00 | BBB | 2,514,444 | ||
Knox County Health, Educational and Housing Facilities Board, Tennessee, Revenue Bonds, University Health System, Inc, Series 2017: | ||||||
2,785 | 3.375%, 4/01/26 | No Opt. Call | BBB | 3,110,009 | ||
3,250 | 5.000%, 4/01/29 | 4/27 at 100.00 | BBB | 3,882,937 | ||
2,500 | 5.000%, 4/01/30 | 4/27 at 100.00 | BBB | 2,962,800 | ||
2,725 | 5.000%, 4/01/31 | 4/27 at 100.00 | BBB | 3,212,094 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tennessee (continued) | ||||||
Knox County Health, Educational and Housing Facility Board, Tennessee, Hospital Revenue Bonds, Covenant Health, Refunding Series 2012A: | ||||||
$ 1,400 | 4.000%, 1/01/22 | No Opt. Call | A+ | 1,438,080 | ||
1,300 | 4.000%, 1/01/23 | No Opt. Call | A+ | 1,382,173 | ||
3,180 | 5.000%, 1/01/23 | No Opt. Call | A+ | 3,436,085 | ||
2,110 | 5.000%, 1/01/24 | 1/23 at 100.00 | A+ | 2,276,015 | ||
Knoxville, Tennessee, General Obligation Bonds, Series 2021: | ||||||
3,745 | 5.000%, 5/01/28 | No Opt. Call | AAA | 4,813,052 | ||
3,925 | 5.000%, 5/01/29 | No Opt. Call | AAA | 5,146,934 | ||
Memphis and Shelby County Port Commission, Tennessee, Port Development Revenue Bonds, Series 2011: | ||||||
1,480 | 5.250%, 4/01/23 | 5/21 at 100.00 | AA | 1,485,284 | ||
1,560 | 5.250%, 4/01/24 | 5/21 at 100.00 | AA | 1,565,538 | ||
1,240 | 5.250%, 4/01/25 | 5/21 at 100.00 | AA | 1,244,402 | ||
8,255 | Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Vanderbilt University Medical Center, Series 2016A, 5.000%, 7/01/35 | 7/26 at 100.00 | Aa1 | 9,808,508 | ||
1,250 | Metropolitan Government of Nashville-Davidson County, Tennessee, Electric System Revenue Bonds, Series 2021A, 5.000%, 5/15/28 | No Opt. Call | AA+ | 1,605,873 | ||
Murfreesboro, Tennessee, General Obligation Bonds, Series 2021: | ||||||
4,440 | 5.000%, 6/01/27 | No Opt. Call | Aa1 | 5,595,211 | ||
4,340 | 5.000%, 6/01/28 | No Opt. Call | Aa1 | 5,595,013 | ||
4,435 | 5.000%, 6/01/29 | No Opt. Call | Aa1 | 5,829,260 | ||
4,435 | 3.000%, 6/01/30 | 6/29 at 100.00 | Aa1 | 5,070,306 | ||
825 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2015-1C, 3.950%, 7/01/35 | 1/25 at 100.00 | AA+ | 878,518 | ||
4,915 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2018-3, 3.750%, 7/01/38 | 7/27 at 100.00 | AA+ | 5,315,917 | ||
10,310 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2018-4, 3.900%, 7/01/38 | 1/28 at 100.00 | AA+ | 11,356,568 | ||
9,625 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2019-1, 3.750%, 7/01/39 | 7/28 at 100.00 | AA+ | 10,480,951 | ||
9,845 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2019-2, 3.000%, 7/01/39 | 7/28 at 100.00 | AA+ | 10,393,662 | ||
3,625 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2019-3, 2.600%, 7/01/39 | 1/29 at 100.00 | AA+ | 3,800,414 | ||
5,405 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2019-4, 2.900%, 7/01/39 | 1/29 at 100.00 | AA+ | 5,683,087 | ||
4,270 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2021-1, 2.250%, 7/01/41 (WI/DD, Settling 4/28/21) | 7/30 at 100.00 | AA+ | 4,299,960 | ||
5,000 | The Tennessee Energy Acquisition Corporation, Gas Project Revenue Bonds, Series 2018, 4.000%, 11/01/49 (Mandatory Put 11/01/25) | 8/25 at 100.22 | A2 | 5,674,850 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tennessee (continued) | ||||||
$ 27,255 | The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006C, 4.000%, 5/01/48 (Mandatory Put 5/01/23) | 2/23 at 100.43 | A2 | 29,121,695 | ||
141,695 | Total Tennessee | 158,979,640 | ||||
Texas – 5.1% | ||||||
Aransas County, Texas, Limited Tax Notes, Series 2021: | ||||||
1,890 | 3.000%, 2/15/25 | 8/22 at 100.00 | AA | 1,949,854 | ||
3,855 | 3.000%, 2/15/26 | 8/22 at 100.00 | AA | 3,970,571 | ||
4,075 | 3.000%, 2/15/27 | 8/22 at 100.00 | AA | 4,189,346 | ||
Arlington Independent School District, Tarrant County, Texas, General Obligation Bonds, School Building Series 2021: | ||||||
1,255 | 5.000%, 2/15/25 | No Opt. Call | AAA | 1,474,449 | ||
1,250 | 5.000%, 2/15/26 | No Opt. Call | AAA | 1,516,382 | ||
1,200 | 5.000%, 2/15/27 | No Opt. Call | AAA | 1,494,996 | ||
1,200 | 5.000%, 2/15/28 | No Opt. Call | AAA | 1,532,973 | ||
1,500 | 5.000%, 2/15/29 | No Opt. Call | AAA | 1,956,063 | ||
1,000 | 5.000%, 2/15/30 | No Opt. Call | AAA | 1,327,664 | ||
Austin Convention Enterprises Inc, Texas, Convention Center Hotel Revenue Bonds, Refunding First Tier Series 2017A: | ||||||
2,610 | 5.000%, 1/01/28 | 1/27 at 100.00 | BB+ | 2,965,064 | ||
2,840 | 5.000%, 1/01/30 | 1/27 at 100.00 | BB+ | 3,176,710 | ||
1,600 | 5.000%, 1/01/32 | 1/27 at 100.00 | BB+ | 1,772,208 | ||
5,000 | Austin, Texas, Airport System Revenue Bonds, Refunding Series 2019, 5.000%, 11/15/21 (AMT) | No Opt. Call | A1 | 5,142,100 | ||
4,000 | Austin, Texas, Electric Utility System Revenue Bonds, Refunding & Improvement Series 2020A, 5.000%, 11/15/26 | No Opt. Call | AA | 4,947,400 | ||
3,075 | Central Texas Regional Mobility Authority, Revenue Bonds, Anticipation Notes Subordinate Lien Series 2020F, 5.000%, 1/01/25 | 7/24 at 100.00 | BBB+ | 3,489,172 | ||
6,910 | Central Texas Regional Mobility Authority, Revenue Bonds, Anticipation Notes Subordinate Lien Series 2021C, 5.000%, 1/01/27 (WI/DD, Settling 4/14/21) | 1/26 at 100.00 | BBB+ | 8,160,397 | ||
3,370 | Central Texas Regional Mobility Authority, Revenue Bonds, Refunding Senior Lien Series 2013A, 5.000%, 1/01/33 (Pre-refunded 1/01/23) | 1/23 at 100.00 | A- (7) | 3,654,934 | ||
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A: | ||||||
1,945 | 5.000%, 1/01/32 | 7/25 at 100.00 | A- | 2,232,432 | ||
1,390 | 5.000%, 1/01/33 | 7/25 at 100.00 | A- | 1,590,688 | ||
1,165 | 5.000%, 1/01/34 | 7/25 at 100.00 | A- | 1,331,432 | ||
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2016: | ||||||
2,000 | 5.000%, 1/01/33 | 1/26 at 100.00 | A- | 2,316,700 | ||
1,650 | 5.000%, 1/01/35 | 1/26 at 100.00 | A- | 1,904,595 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
City of Houston, Texas, Convention & Entertainment Facilities Department Hotel Occupancy Tax and Special Revenue Bonds, Refunding Series 2019: | ||||||
$ 1,120 | 5.000%, 9/01/32 | 9/28 at 100.00 | A | 1,307,835 | ||
1,000 | 5.000%, 9/01/34 | 9/28 at 100.00 | A | 1,157,470 | ||
1,000 | 5.000%, 9/01/35 | 9/28 at 100.00 | A | 1,153,960 | ||
1,000 | 5.000%, 9/01/36 | 9/28 at 100.00 | A | 1,151,240 | ||
450 | Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Idea Public Schools, Series 2012, 3.750%, 8/15/22 | No Opt. Call | A- | 459,455 | ||
20,000 | Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding & Improvement Series 2016, 1.600%, 11/01/21, 144A (AMT) | No Opt. Call | A | 20,143,800 | ||
3,740 | Fort Bend County Industrial Development Corporation, Texas, Revenue Bonds, NRG Energy Inc Project, Series 2012B, 4.750%, 11/01/42 | 11/22 at 100.00 | Baa2 | 3,933,882 | ||
11,750 | Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Bond Anticipation Note Series 2014A, 5.000%, 2/01/23 | No Opt. Call | A+ | 12,649,698 | ||
10,000 | Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Refunding First Tier Series 2020C, 4.000%, 10/01/45 | 4/30 at 100.00 | A+ | 11,626,100 | ||
7,795 | Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate Lien Series 2013B, 5.000%, 4/01/53 (Pre-refunded 10/01/23) | 10/23 at 100.00 | AA (7) | 8,729,621 | ||
Hale Center Education Facilities Corporation, Texas, Revenue Bonds, Wayland Baptist University Project, Improvement and Refunding Series 2010: | ||||||
550 | 4.000%, 3/01/22 | 5/21 at 100.00 | BBB+ | 551,419 | ||
800 | 4.000%, 3/01/23 | 5/21 at 100.00 | BBB+ | 802,032 | ||
440 | 4.250%, 3/01/25 | 5/21 at 100.00 | BBB+ | 441,109 | ||
Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Health System, Refunding Series 2020A: | ||||||
5,215 | 4.125%, 7/01/26 | No Opt. Call | A+ | 6,104,783 | ||
4,025 | 3.950%, 7/01/27 | No Opt. Call | A+ | 4,755,175 | ||
3,060 | 3.750%, 7/01/28 | No Opt. Call | A+ | 3,620,317 | ||
6,890 | Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Health System, Series 2019B-2, 5.000%, 7/01/49 (Mandatory Put 12/01/24) | 9/24 at 100.84 | A+ | 7,984,614 | ||
5,420 | Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Health System, Series 2019B-3, 5.000%, 7/01/49 (Mandatory Put 12/01/26) | 9/26 at 100.78 | A+ | 6,651,424 | ||
Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Health System, Series 2020 Forward Delivery: | ||||||
1,280 | 5.000%, 6/01/21 | No Opt. Call | A+ | 1,289,702 | ||
1,000 | 5.000%, 6/01/22 | No Opt. Call | A+ | 1,055,970 | ||
Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Healthcare System, Refunding Series 2013A: | ||||||
1,900 | 5.000%, 12/01/23 | 12/22 at 100.00 | A+ | 2,043,792 | ||
18,025 | 4.000%, 12/01/31 (Pre-refunded 12/01/22) | 12/22 at 100.00 | A+ (7) | 19,168,866 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
$ 6,140 | Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Healthcare System, Series 2014A, 5.000%, 12/01/29 (Pre-refunded 12/01/24) | 12/24 at 100.00 | A+ (7) | 7,173,669 | ||
2,000 | Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Texas Childrens Hospital, Series 2019A, 4.000%, 10/01/35 | 10/29 at 100.00 | AA | 2,352,440 | ||
5,045 | Harris County Flood Control District, Texas, General Obligation Bonds, Refunding Contract Tax Series 2014A, 5.000%, 10/01/25 | 10/24 at 100.00 | Aaa | 5,862,845 | ||
2,320 | Harris County Metropolitan Transit Authority, Texas, Sales and Use Tax Revenue Bonds, Tender Option Bond Trust 2016-XG0054, 13.612%, 11/01/41 (Pre-refunded 11/01/21), 144A (IF) (5) | 11/21 at 100.00 | AAA | 2,516,110 | ||
425 | Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Second Lien Series 2014C, 5.000%, 11/15/23 | No Opt. Call | Baa1 | 464,971 | ||
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Senior Lien Series 2014A: | ||||||
4,795 | 5.000%, 11/15/24 – AGM Insured | No Opt. Call | AA | 5,484,233 | ||
4,600 | 5.000%, 11/15/25 – AGM Insured | 11/24 at 100.00 | AA | 5,240,964 | ||
3,745 | 5.000%, 11/15/26 – AGM Insured | 11/24 at 100.00 | AA | 4,257,878 | ||
12,050 | 5.000%, 11/15/27 – AGM Insured | 11/24 at 100.00 | AA | 13,664,338 | ||
5,240 | Houston Independent School District, Harris County, Texas, General Obligation Bonds, Refunding Limited Tax Schoolhouse Series 2013A, 4.000%, 2/15/31 | 2/23 at 100.00 | AAA | 5,580,548 | ||
11,815 | Houston Independent School District, Harris County, Texas, General Obligation Bonds, Refunding Schoolhouse Series 2016A, 4.000%, 2/15/34 | 2/26 at 100.00 | AAA | 13,437,790 | ||
Houston, Texas, Airport System Revenue Bonds, Refunding Subordinate Lien Series 2011B: | ||||||
1,900 | 5.000%, 7/01/25 (Pre-refunded 7/01/21) | 7/21 at 100.00 | A (7) | 1,922,078 | ||
2,025 | 5.000%, 7/01/26 (Pre-refunded 7/01/21) | 7/21 at 100.00 | A (7) | 2,048,531 | ||
Houston, Texas, Airport System Revenue Bonds, Refunding Subordinate Lien Series 2012B: | ||||||
18,675 | 5.000%, 7/01/31 (Pre-refunded 7/01/22) | 7/22 at 100.00 | A (7) | 19,795,500 | ||
5,025 | 5.000%, 7/01/32 (Pre-refunded 7/01/22) | 7/22 at 100.00 | A (7) | 5,326,500 | ||
2,440 | Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc Terminal E Project, Refunding Series 2014, 5.000%, 7/01/29 (AMT) | 7/24 at 100.00 | Ba3 | 2,659,551 | ||
Houston, Texas, Combined Utility System Revenue Bonds, Refunding First Lien Series 2018D: | ||||||
3,000 | 5.000%, 11/15/32 | 11/28 at 100.00 | Aa2 | 3,825,270 | ||
2,570 | 5.000%, 11/15/33 | 11/28 at 100.00 | Aa2 | 3,271,687 | ||
6,000 | Houston, Texas, General Obligation Bonds, Refunding Public Improvement Series 2017A, 5.000%, 3/01/22 | No Opt. Call | AA | 6,264,300 | ||
1,325 | Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Facilities Department, Refunding Series 2014, 5.000%, 9/01/31 | 9/24 at 100.00 | A | 1,440,686 | ||
Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Project, Series 2001B: | ||||||
8,005 | 0.000%, 9/01/22 – AMBAC Insured | No Opt. Call | A | 7,888,447 | ||
3,815 | 0.000%, 9/01/23 – AMBAC Insured | No Opt. Call | A | 3,706,196 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
$ 2,000 | Laredo Community College District, Webb County, Texas, General Obligation Bonds, Series 2014, 5.000%, 8/01/32 (Pre-refunded 8/01/24) | 8/24 at 100.00 | AA- (7) | 2,307,600 | ||
Love Field Airport Modernization Corporation, Texas, General Airport Revenue Bonds Series 2015: | ||||||
1,000 | 5.000%, 11/01/26 (AMT) | 11/25 at 100.00 | A1 | 1,186,570 | ||
2,025 | 5.000%, 11/01/27 (AMT) | 11/25 at 100.00 | A1 | 2,405,822 | ||
1,570 | 5.000%, 11/01/28 (AMT) | 11/25 at 100.00 | A1 | 1,858,268 | ||
2,000 | 5.000%, 11/01/29 (AMT) | 11/25 at 100.00 | A1 | 2,360,320 | ||
2,000 | 5.000%, 11/01/30 (AMT) | 11/25 at 100.00 | A1 | 2,351,500 | ||
1,915 | Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds, Southwest Airlines Company, Series 2010, 5.250%, 11/01/40 | 5/21 at 100.00 | Baa1 | 1,953,281 | ||
Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission Services Corporation Project, Refunding Series 2018: | ||||||
2,135 | 5.000%, 5/15/21 | No Opt. Call | A+ | 2,146,657 | ||
1,855 | 5.000%, 5/15/22 | No Opt. Call | A+ | 1,955,893 | ||
Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission Services Corporation Project, Refunding Series 2021: | ||||||
4,500 | 5.000%, 5/15/25 | No Opt. Call | A+ | 5,289,125 | ||
3,800 | 5.000%, 5/15/26 | No Opt. Call | A+ | 4,602,370 | ||
2,000 | 5.000%, 5/15/27 | No Opt. Call | A+ | 2,482,260 | ||
2,100 | 5.000%, 5/15/28 | No Opt. Call | A+ | 2,663,061 | ||
McCamey County Hospital District, Texas, General Obligation Bonds, Series 2013: | ||||||
3,045 | 5.000%, 12/01/25 | No Opt. Call | B1 | 3,350,657 | ||
2,720 | 5.250%, 12/01/28 | 12/25 at 100.00 | B1 | 2,975,898 | ||
2,700 | Mission Economic Development Corporation, Texas, Revenue Bonds, Natgasoline Project, Senior Lien Series 2018, 4.625%, 10/01/31, 144A (AMT) | 10/21 at 105.00 | BB- | 2,869,776 | ||
North Central Texas Health Facilities Development Corporation, Texas, Revenue Bonds, Children's Medical Center Dallas Project, Series 2012: | ||||||
4,460 | 5.000%, 8/15/24 (Pre-refunded 8/15/22) | 8/22 at 100.00 | AA (7) | 4,754,003 | ||
4,720 | 5.000%, 8/15/25 (Pre-refunded 8/15/22) | 8/22 at 100.00 | AA (7) | 5,031,142 | ||
3,945 | 5.000%, 8/15/26 (Pre-refunded 8/15/22) | 8/22 at 100.00 | AA (7) | 4,205,054 | ||
7,065 | 5.000%, 8/15/27 (Pre-refunded 8/15/22) | 8/22 at 100.00 | AA (7) | 7,530,725 | ||
North Texas Tollway Authority, Special Projects System Revenue Bonds, Convertible Capital Appreciation Series 2011C: | ||||||
3,855 | 0.000%, 9/01/43 (Pre-refunded 9/01/31) (8) | 9/31 at 100.00 | N/R (7) | 5,255,367 | ||
9,130 | 0.000%, 9/01/45 (Pre-refunded 9/01/31) (8) | 9/31 at 100.00 | N/R (7) | 13,483,640 | ||
North Texas Tollway Authority, Special Projects System Revenue Bonds, Current Interest Series 2011D: | ||||||
8,655 | 5.250%, 9/01/25 (Pre-refunded 9/01/21) | 9/21 at 100.00 | N/R (7) | 8,834,591 | ||
5,075 | 5.250%, 9/01/26 (Pre-refunded 9/01/21) | 9/21 at 100.00 | N/R (7) | 5,180,306 | ||
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2019A: | ||||||
5,000 | 3.000%, 1/01/35 | 1/29 at 100.00 | A+ | 5,448,600 | ||
5,310 | 4.000%, 1/01/36 | 1/29 at 100.00 | A+ | 6,180,203 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
$ 10,000 | North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2020A, 4.000%, 1/01/37 | 1/29 at 100.00 | A+ | 11,585,400 | ||
4,830 | Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Baylor Health Care System, Series 2011A, 5.000%, 11/15/30 (Pre-refunded 11/15/21) | 11/21 at 100.00 | AA- (7) | 4,975,142 | ||
1,285 | Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Hendrick Medical Center, Refunding Series 2013, 5.125%, 9/01/33 (Pre-refunded 9/01/23) | 9/23 at 100.00 | A (7) | 1,434,484 | ||
3,000 | Texas Department of Housing and Community Affairs, Single Family Mortgage Revenue Bonds, Series 2018A, 4.125%, 9/01/38 | 9/27 at 100.00 | Aaa | 3,310,500 | ||
Texas Private Activity Bond Surface Transporation Corporation, Revenue Bonds, NTE Mobility Partners LLC North Tarrant Express Managed Lanes Project, Refunding Senior Lien Series 2019A: | ||||||
12,000 | 4.000%, 12/31/37 | 12/29 at 100.00 | Baa2 | 13,783,200 | ||
10,845 | 4.000%, 12/31/39 | 12/29 at 100.00 | Baa2 | 12,390,304 | ||
Texas Private Activity Bond Surface Transporation Corporation, Senior Lien Revenue Bonds, Blueridge Transportation Group, LLC SH 288 Toll Lanes Project, Series 2016: | ||||||
4,820 | 5.000%, 12/31/40 (AMT) | 12/25 at 100.00 | Baa3 | 5,445,973 | ||
8,000 | 5.000%, 12/31/45 (AMT) | 12/25 at 100.00 | Baa3 | 8,976,720 | ||
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, LBJ Infrastructure Group LLC IH-635 Managed Lanes Project, Refunding Series 2020A: | ||||||
4,500 | 4.000%, 12/31/31 | 12/30 at 100.00 | Baa2 | 5,311,575 | ||
3,500 | 4.000%, 6/30/32 | 12/30 at 100.00 | Baa2 | 4,128,425 | ||
5 | Texas State, General Obligation Bonds, Tax & Revenue Anticipation Note Series 2020, 4.000%, 8/26/21 | No Opt. Call | N/R | 5,079 | ||
5,335 | Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Refunding First Tier Series 2020A, 5.000%, 8/15/39 | 8/30 at 100.00 | A | 6,743,227 | ||
16,250 | Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Refunding Second Tier Series 2015C, 5.000%, 8/15/31 | 8/24 at 100.00 | A- | 18,303,350 | ||
Texas Transportation Commission, State Highway 249 System Revenue Bonds, First Tier Toll Series 2019A: | ||||||
1,125 | 0.000%, 8/01/35 | 2/29 at 76.82 | Baa3 | 698,569 | ||
1,590 | 0.000%, 8/01/36 | 2/29 at 73.16 | Baa3 | 936,160 | ||
2,070 | 0.000%, 8/01/37 | 2/29 at 69.41 | Baa3 | 1,151,417 | ||
1,100 | 0.000%, 8/01/39 | 2/29 at 62.63 | Baa3 | 548,009 | ||
3,135 | Val Verde County, Texas, Pass-Through Toll Revenue and Limited Tax Bonds, Series 2011, 4.000%, 8/15/21 | No Opt. Call | A | 3,176,225 | ||
8,830 | Williamson County, Texas, General Obligation Bonds, Limited Tax Refunding Series 2012, 5.000%, 2/15/26 (Pre-refunded 2/15/22) | 2/22 at 100.00 | AAA | 9,203,862 | ||
470,995 | Total Texas | 523,833,236 | ||||
Utah – 0.5% | ||||||
6,000 | Central Utah Water Conservancy District, Utah, General Obligation Bonds, Refunding Limited Tax Series 2021A, 5.000%, 4/01/28 | No Opt. Call | AA+ | 7,701,469 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Utah (continued) | ||||||
$ 5,945 | Granite School District, Salt Lake County, Utah, General Obligation Bonds, School Building Series 2020, 5.000%, 6/01/27 | No Opt. Call | Aaa | 7,483,566 | ||
Utah Associated Municipal Power Systems, Revenue Bonds, Horse Butte Wind Project, Series 2012A: | ||||||
3,340 | 5.000%, 9/01/23 (Pre-refunded 9/01/22) | 9/22 at 100.00 | A- (7) | 3,569,792 | ||
2,000 | 5.000%, 9/01/25 (Pre-refunded 9/01/22) | 9/22 at 100.00 | A- (7) | 2,137,600 | ||
2,265 | 5.000%, 9/01/26 (Pre-refunded 9/01/22) | 9/22 at 100.00 | A- (7) | 2,420,832 | ||
2,615 | Utah County, Utah, Hospital Revenue Bonds, IHC Health Services Inc, Series 2020B-2, 5.000%, 5/15/60 (Mandatory Put 8/01/26) | 2/26 at 102.03 | AA+ | 3,190,483 | ||
20,065 | Utah State, General Obligation Bonds, Series 2020B, 5.000%, 7/01/27 | No Opt. Call | AAA | 25,353,337 | ||
42,230 | Total Utah | 51,857,079 | ||||
Virginia – 1.8% | ||||||
5,390 | Chesapeake Industrial Development Authority, Virginia, Pollution Control Revenue Bonds, Virginia Electric and Power Company Project, Refunding Series 2008A, 1.900%, 2/01/32 (Mandatory Put 6/01/23) | No Opt. Call | A2 | 5,520,923 | ||
18,535 | Hampton Roads Transportation Accountability Commission, Virginia, Hampton Roads Transportation Fund Revenue Bonds, Intermediate Lien Bond Anticipation Note Series 2019A, 5.000%, 7/01/22 | No Opt. Call | Aa2 | 19,637,462 | ||
6,785 | Louisa Industrial Development Authority, Virginia, Pollution Control Revenue Bonds, Virginia Electric and Power Company, Refunding Series 2008A, 1.900%, 11/01/35 (Mandatory Put 6/01/23) | No Opt. Call | A2 | 6,980,883 | ||
5,880 | Louisa Industrial Development Authority, Virginia, Pollution Control Revenue Bonds, Virginia Electric and Power Company, Series 2008C, 1.800%, 11/01/35 (Mandatory Put 4/01/22) | No Opt. Call | A2 | 5,959,380 | ||
1,690 | Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Refunding & Subordinate Lien Series 2019B, 4.000%, 10/01/35 | 10/29 at 100.00 | A- | 1,964,659 | ||
760 | Roanoke Economic Development Authority, Virgina, Residential Care Facility Mortgage Revenue Refunding Bonds, Virginia Lutheran Homes Brandon Oaks Project, Series 2012, 5.000%, 12/01/32 | 12/22 at 100.00 | N/R | 766,673 | ||
21,500 | Roanoke Economic Development Authority, Virginia, Hospital Revenue Bonds, Carilion Clinic Obligated Group, Series 2020D, 5.000%, 7/01/53 (Mandatory Put 7/01/30) | 1/30 at 100.00 | AA- | 27,965,050 | ||
1,185 | Stafford County Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds, Mary Washington Healthcare Obligated Group, Refunding Series 2016, 3.125%, 6/15/31 | 6/26 at 100.00 | A3 | 1,251,265 | ||
13,195 | Virginia Beach Development Authority, Virginia, Public Facilities Revenue Bonds, Refunding Series 2020B, 5.000%, 8/01/22 | No Opt. Call | AA+ | 14,041,723 | ||
710 | Virginia College Building Authority, Educational Facilities Revenue Bonds, Marymount University Project, Refunding Series 2015A, 5.000%, 7/01/45, 144A | 7/25 at 100.00 | BB+ | 740,764 | ||
7,505 | Virginia Housing Development Authority, Rental Housing Bonds, Series 2020B, 2.200%, 3/01/40 | 3/29 at 100.00 | AA+ | 7,454,867 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Virginia (continued) | ||||||
Virginia Small Business Financing Authority, Private Activity Revenue Bonds, Transform 66 P3 Project, Senior Lien Series 2017: | ||||||
$ 14,725 | 5.000%, 12/31/49 (AMT) | 6/27 at 100.00 | BBB | 17,124,144 | ||
12,375 | 5.000%, 12/31/52 (AMT) | 6/27 at 100.00 | BBB | 14,367,746 | ||
10,000 | 5.000%, 12/31/56 (AMT) | 6/27 at 100.00 | BBB | 11,578,700 | ||
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, 95 Express Lanes LLC Project, Series 2019: | ||||||
6,150 | 5.000%, 1/01/44 (AMT) | 1/22 at 100.00 | BBB | 6,333,762 | ||
31,560 | 5.000%, 7/01/49 (AMT) | 1/22 at 100.00 | BBB | 32,495,754 | ||
6,835 | Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River Crossing, Opco LLC Project, Series 2012, 5.500%, 1/01/42 (AMT) | 7/22 at 100.00 | BBB | 7,148,248 | ||
2,020 | Wise County Industrial Development Authority, Virginia, Solid Waste and Sewage Disposal Revenue Bonds, Virginia Electric and Power Company, Series 2010A, 1.200%, 11/01/40 (Mandatory Put 5/31/24) | No Opt. Call | A2 | 2,055,976 | ||
8,100 | York County Economic Development Authority, Virginia, Pollution Control Revenue Bonds, Virginia Electric and Power Company Project, Refunding Series 2009A, 1.900%, 5/01/33 (Mandatory Put 6/01/23) | No Opt. Call | A2 | 8,301,933 | ||
174,900 | Total Virginia | 191,689,912 | ||||
Washington – 3.2% | ||||||
Clark County School District 37, Vancouver, Washington, General Obligation Bonds, Series 2021: | ||||||
3,675 | 4.000%, 12/01/25 | No Opt. Call | Aaa | 4,251,345 | ||
4,125 | 4.000%, 12/01/26 | No Opt. Call | Aaa | 4,879,913 | ||
2,300 | 4.000%, 12/01/27 | No Opt. Call | Aaa | 2,772,253 | ||
Energy Northwest, Washington, Electric Revenue Bonds, Columbia Generating Station, Refunding Series 2019A: | ||||||
27,890 | 5.000%, 7/01/36 | 7/29 at 100.00 | Aa2 | 35,671,589 | ||
40,350 | 5.000%, 7/01/37 | 7/29 at 100.00 | Aa2 | 51,442,619 | ||
King County School District 412 Shoreline, Washington, General Obligation Bonds, Refunding & Improvement Series 2021A: | ||||||
2,035 | 4.000%, 12/01/27 | No Opt. Call | Aaa | 2,455,770 | ||
3,455 | 4.000%, 12/01/28 | No Opt. Call | Aaa | 4,229,818 | ||
7,500 | King County, Washington, Sewer Revenue Bonds, Refunding Junior Lien Series 2020B, 0.875%, 1/01/42 (Mandatory Put 1/01/26) | 4/25 at 100.00 | AA | 7,495,200 | ||
2,900 | Port of Seattle, Washington, Revenue Bonds, Refunding Intermediate Lien Series 2016, 5.000%, 2/01/29 | 2/26 at 100.00 | AA- | 3,457,293 | ||
2,340 | Skagit County Public Hospital District 1, Washington, Revenue Bonds, Skagit Valley Hospital, Refunding & Improvement Series 2016, 5.000%, 12/01/37 | 12/26 at 100.00 | Baa2 | 2,644,808 | ||
5,140 | Snohomish County, Washington, General Obligation Bonds, Limited Tax Series 2013, 4.000%, 12/01/39 | 6/23 at 100.00 | AA+ | 5,512,958 | ||
10,485 | Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019B-1, 5.000%, 8/01/49 (Mandatory Put 8/01/24) | 2/24 at 100.00 | BBB+ | 11,736,699 | ||
10,560 | Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019B-2, 5.000%, 8/01/49 (Mandatory Put 8/01/25) | 2/25 at 100.00 | BBB+ | 12,205,037 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Washington (continued) | ||||||
$ 20,475 | Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019B-3, 5.000%, 8/01/49 (Mandatory Put 8/01/26) | 2/26 at 100.00 | BBB+ | 24,364,636 | ||
Washington Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer Research Center, Series 2015: | ||||||
2,730 | 5.000%, 1/01/26 | 7/25 at 100.00 | A+ | 3,205,593 | ||
1,285 | 5.000%, 1/01/27 | 7/25 at 100.00 | A+ | 1,503,591 | ||
Washington Health Care Facilities Authority, Revenue Bonds, PeaceHealth, Refunding Series 2014A: | ||||||
1,315 | 5.000%, 11/15/22 (ETM) | No Opt. Call | AA- (7) | 1,415,137 | ||
2,035 | 5.000%, 11/15/24 (Pre-refunded 5/15/24) | 5/24 at 100.00 | AA- (7) | 2,322,769 | ||
14,000 | Washington Health Care Facilities Authority, Revenue Bonds, Providence Health & Services, Refunding Series 2012A, 5.000%, 10/01/33 | 10/22 at 100.00 | AA- | 14,864,220 | ||
Washington Health Care Facilities Authority, Revenue Bonds, Providence Saint Joseph Health, Series 2018B: | ||||||
4,015 | 5.000%, 10/01/30 | 10/28 at 100.00 | AA- | 5,085,399 | ||
2,780 | 5.000%, 10/01/31 | 10/28 at 100.00 | AA- | 3,506,581 | ||
3,010 | 5.000%, 10/01/32 | 10/28 at 100.00 | AA- | 3,782,938 | ||
2,610 | 5.000%, 10/01/33 | 10/28 at 100.00 | AA- | 3,268,607 | ||
Washington Health Care Facilities Authority, Revenue Bonds, Virginia Mason Medical Center, Series 2017: | ||||||
5,120 | 5.000%, 8/15/29 | 8/27 at 100.00 | BBB- | 6,156,698 | ||
5,000 | 5.000%, 8/15/34 | 8/27 at 100.00 | BBB- | 5,903,850 | ||
5,765 | 5.000%, 8/15/36 | 8/27 at 100.00 | BBB- | 6,774,970 | ||
Washington State, General Obligation Bonds, Motor Vehicle Fuel Tax & Vehicle Related Fees Series 2020E: | ||||||
5,910 | 5.000%, 6/01/26 | No Opt. Call | Aaa | 7,233,794 | ||
6,205 | 5.000%, 6/01/27 | No Opt. Call | Aaa | 7,806,643 | ||
6,515 | 5.000%, 6/01/28 | No Opt. Call | Aaa | 8,393,737 | ||
6,845 | 5.000%, 6/01/29 | No Opt. Call | Aaa | 8,996,907 | ||
7,185 | 5.000%, 6/01/30 | No Opt. Call | Aaa | 9,593,717 | ||
Washington State, General Obligation Bonds, Refunding Motor Vehicle Fuel Tax, Triple Pledge SR 520 Toll Series R-2021A Forward Delivery: | ||||||
1,625 | 5.000%, 6/01/22 | No Opt. Call | Aaa | 1,716,926 | ||
2,000 | 5.000%, 6/01/23 | No Opt. Call | Aaa | 2,208,440 | ||
1,960 | 5.000%, 6/01/24 | No Opt. Call | Aaa | 2,250,100 | ||
Washington State, General Obligation Bonds, Various Purpose Series 2021C: | ||||||
11,650 | 5.000%, 2/01/24 | No Opt. Call | Aaa | 13,198,462 | ||
9,865 | 5.000%, 2/01/25 | No Opt. Call | Aaa | 11,575,428 | ||
12,875 | 5.000%, 2/01/26 | No Opt. Call | Aaa | 15,599,999 | ||
7,890 | 5.000%, 2/01/29 | No Opt. Call | Aaa | 10,288,437 | ||
4,415 | Whidbey Island Public Hospital District, Island County, Washington, General Obligation Bonds, Whidbey General Hospital, Series 2013, 5.500%, 12/01/33 | 12/22 at 100.00 | Baa3 | 4,622,240 | ||
277,835 | Total Washington | 334,395,121 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
West Virginia – 0.2% | ||||||
$ 6,000 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Appalachian Power Company - Amos Project, Seriess 2009A, 2.625%, 12/01/42 (Mandatory Put 6/01/22) | No Opt. Call | A- | 6,156,780 | ||
6,000 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Appalachian Power Company - Amos Project, Seriess 2009B, 2.625%, 12/01/42 (Mandatory Put 6/01/22) | No Opt. Call | A- | 6,156,780 | ||
4,830 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Wheeling Power Company - Mitchell Project, Series 2013A, 3.000%, 6/01/37 (Mandatory Put 4/01/22) (AMT) | No Opt. Call | A- | 4,961,231 | ||
1,150 | West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Charleston Area Medical Center, Series 2014A, 5.000%, 9/01/25 | 9/24 at 100.00 | Baa1 | 1,306,665 | ||
17,980 | Total West Virginia | 18,581,456 | ||||
Wisconsin – 1.6% | ||||||
2,000 | Ashwaubenon Community Development Authority, Wisconsin, Lease Revenue Bonds, Brown County Expo Center Project, Series 2019, 4.000%, 6/01/35 | 6/29 at 100.00 | AA | 2,323,960 | ||
5,000 | Milwaukee, Milwaukee County, Wisconsin, Revenue Anticipation Notes, Series 2020-M8, 5.000%, 7/01/21 | No Opt. Call | N/R | 5,060,300 | ||
25,400 | Public Finance Authority of Wisconsin, Limited Obligation PILOT Revenue Bonds, American Dream @ Meadowlands Project, Series 2017, 6.500%, 12/01/37, 144A | 12/27 at 100.00 | N/R | 28,996,894 | ||
505 | Public Finance Authority of Wisconsin, Revenue Bonds, Roseman University of Health Sciences, Series 2020, 3.000%, 4/01/25, 144A | No Opt. Call | BB | 518,110 | ||
5,500 | Public Finance Authority of Wisconsin, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Refunding Series 2016A-1, 2.625%, 11/01/25 (AMT) | No Opt. Call | A- | 5,985,925 | ||
7,780 | Public Finance Authority of Wisconsin, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Refunding Series 2016A-2, 2.875%, 5/01/27 (AMT) | 5/26 at 100.00 | A- | 8,507,741 | ||
4,420 | Public Finance Authority, Wisconsin, Educational Revenue Bonds, Lake Norman Charter School, Series 2018A, 4.000%, 6/15/28, 144A | 6/26 at 100.00 | BBB- | 4,742,085 | ||
Public Finance Authority, Wisconsin, Exempt Facilities Revenue Bonds, Celanese Project, Refunding Series 2016C: | ||||||
4,170 | 4.050%, 11/01/30 | 5/26 at 100.00 | BBB- | 4,576,075 | ||
8,985 | 4.300%, 11/01/30 (AMT) | 5/26 at 100.00 | BBB- | 9,967,779 | ||
470 | University of Wisconsin Hospitals and Clinics Authority, Revenue Bonds, Refunding Series 2013A, 5.000%, 4/01/22 | No Opt. Call | AA- | 492,419 | ||
Wisconsin Health & Educational Facs Authority, Health Facilities Revenue Bonds, UnityPoint Health Project, Series 2014A: | ||||||
840 | 5.000%, 12/01/26 | 11/24 at 100.00 | AA- | 963,488 | ||
3,975 | 5.000%, 12/01/27 | 11/24 at 100.00 | AA- | 4,548,791 | ||
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care, Inc, Series 2012A: | ||||||
1,020 | 5.000%, 7/15/25 (Pre-refunded 7/15/21) | 7/21 at 100.00 | Aa3 (7) | 1,033,780 | ||
14,400 | 5.000%, 7/15/27 – AGM Insured (Pre-refunded 7/15/21) | 7/21 at 100.00 | Aa3 (7) | 14,594,544 | ||
5,000 | 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 | A- | 5,658,550 | ||
1,080 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic, Series 2012B, 5.000%, 2/15/40 | 2/22 at 100.00 | A- | 1,114,117 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wisconsin (continued) | ||||||
$ 1,435 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Meriter Hospital Inc, Series 1992A, 6.000%, 12/01/22 – FGIC Insured | No Opt. Call | A1 | 1,529,925 | ||
1,775 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ministry Health Care, Inc, Refunding 2012C, 5.000%, 8/15/24 (Pre-refunded 8/15/22) | 8/22 at 100.00 | N/R (7) | 1,892,008 | ||
2,015 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Advocate Aurora Health Credit Group, Series 2018A, 4.000%, 8/15/36 | 8/28 at 100.00 | AA | 2,286,864 | ||
4,590 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Marshfield Clinic Health System, Inc, Series 2020B-2, 5.000%, 2/15/51 (Mandatory Put 2/15/27) | 8/26 at 100.00 | A- | 5,474,906 | ||
4,365 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, ProHealth Care, Inc Obligated Group, Refunding Series 2015, 5.000%, 8/15/39 | 8/24 at 100.00 | A+ | 4,875,269 | ||
1,950 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Saint Camillus Health System Inc, Series 2019A, 5.000%, 11/01/39 | 11/26 at 103.00 | N/R | 2,075,697 | ||
2,850 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Saint John's Communities Inc, Series 2018A, 5.000%, 9/15/40 | 9/23 at 100.00 | BBB- | 2,983,323 | ||
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, ThedaCare Inc, Series 2015: | ||||||
825 | 5.000%, 12/15/23 | No Opt. Call | AA- | 925,097 | ||
1,310 | 5.000%, 12/15/25 | 12/24 at 100.00 | AA- | 1,518,002 | ||
2,750 | Wisconsin Housing and Economic Development Authority, Housing Revenue Bonds, Series 2019A, 3.000%, 11/01/39 | 11/28 at 100.00 | AA | 2,905,870 | ||
85 | Wisconsin State, General Obligation Bonds, Refunding Series 2014-2, 5.000%, 5/01/24 (Pre-refunded 5/01/22) | 5/22 at 100.00 | N/R (7) | 89,415 | ||
Wisconsin State, General Obligation Bonds, Refunding Series 2021-2: | ||||||
9,500 | 5.000%, 5/01/27 | No Opt. Call | Aa1 | 11,926,768 | ||
12,800 | 5.000%, 5/01/28 | No Opt. Call | Aa1 | 16,460,625 | ||
3,145 | Wisconsin State, General Obligation Bonds, Series 2012B, 3.000%, 5/01/26 | 5/21 at 100.00 | Aa1 | 3,151,573 | ||
8,110 | WPPI Energy, Wisconsin, Power Supply System Revenue Bonds, Series 2013A, 5.000%, 7/01/37 | 7/23 at 100.00 | A1 | 8,893,669 | ||
148,050 | Total Wisconsin | 166,073,569 | ||||
Wyoming – 0.6% | ||||||
10,720 | Campbell County, Wyoming Solid Waste Facilities Revenue Bonds, Basin Electric Power Cooperative, Dry Fork Station Facilities, Series 2019A, 3.625%, 7/15/39 | 5/29 at 100.00 | A | 11,417,657 | ||
5,500 | Sweetwater County, Wyoming, Hospital Revenue Bonds, Memorial Hospital Project, Refunding Series 2013A, 5.000%, 9/01/30 | 9/23 at 100.00 | BB+ | 5,870,480 | ||
28,275 | Sweetwater County, Wyoming, Pollution Control Revenue Refunding Bonds, Idaho Power Company Project, Series 2006, 1.700%, 7/15/26 | No Opt. Call | A1 | 29,115,333 | ||
3,565 | Wyoming Community Development Authority, Housing Revenue Bonds, 2015 Series 6, 3.900%, 12/01/34 | 12/24 at 100.00 | AA+ | 3,767,635 | ||
6,500 | Wyoming Community Development Authority, Housing Revenue Bonds, 2019 Series 3, 2.650%, 12/01/39 | 12/28 at 100.00 | AA+ | 6,711,380 | ||
3,250 | Wyoming Community Development Authority, Housing Revenue Bonds, 2020 Series 1, 3.000%, 12/01/40 | 6/29 at 100.00 | AA+ | 3,393,097 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wyoming (continued) | ||||||
$ 6,675 | Wyoming Community Development Authority, Housing Revenue Bonds, 2020 Series 2, 2.250%, 12/01/40 | 6/30 at 100.00 | AA+ | 6,690,286 | ||
64,485 | Total Wyoming | 66,965,868 | ||||
$ 9,170,810 | Total Municipal Bonds (cost $9,307,202,948) | 9,780,364,557 |
Shares | Description (1) | Value | ||||
COMMON STOCKS – 0.7% | ||||||
Electric Utilities – 0.7% | ||||||
2,665,489 | Energy Harbor Corp (9), (10), (11) | $ 75,412,015 | ||||
Total Common Stocks (cost $55,930,174) | 75,412,015 | |||||
Total Long-Term Investments (cost $9,363,133,122) | 9,855,776,572 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
SHORT-TERM INVESTMENTS – 3.7% | ||||||
MUNICIPAL BONDS – 3.7% | ||||||
National – 0.2% | ||||||
$ 3,567 | BB&T Municipal Trust Pool Tax Exempt Lease Certificates, Variable Rate Demand Obligations, Class C Series 2018, 0.850%, 11/30/21 (SIFMA reference rate + 0.800% spread), 144A (4) | No Opt. Call | A+ | $3,567,085 | ||
1,165 | BB&T Municipal Trust Pool Tax Exempt Lease Certificates, Variable Rate Demand Obligations, Class D Series 2018, 1.050%, 7/31/23 (SIFMA reference rate + 1.000% spread), 144A (4), (12) | No Opt. Call | A+ | 1,165,000 | ||
20,500 | JPMorgan Chase Putters/Drivers Trust Various States, Variable Rate Demand Obligations, Series 5029, 0.230%, 12/01/21 (AMT) (Mandatory Put 3/31/21), 144A | No Opt. Call | F1+ | 20,500,000 | ||
25,232 | Total National | 25,232,085 | ||||
Alabama – 0.4% | ||||||
7,385 | Mobile Industrial Development Board, Alabama, Pollution Control Revenue Refunding Bonds, Alabama Power Company Barry Plan, Variable Rate Demand Obligations, Series 2007A, 1.000%, 6/01/34 (Mandatory Put 6/26/25) (12) | No Opt. Call | A | 7,471,035 | ||
28,940 | Mobile Industrial Development Board, Alabama, Pollution Control Revenue Refunding Bonds, Alabama Power Company Barry Plan, Variable Rate Demand Obligations, Series 2008, 2.900%, 7/15/34 (Mandatory Put 12/12/23) (12) | No Opt. Call | F1 | 30,852,934 | ||
36,325 | Total Alabama | 38,323,969 | ||||
Alaska – 0.2% | ||||||
14,665 | Alaska Municipal Bond Bank, General Obligation Bonds, 2016 Master Resolution, Variable Rate Demand Obligations, Tender Option Bond Trust 2017-XM0532, 0.230%, 4/01/25 (Mandatory Put 4/07/21), 144A (12) | No Opt. Call | A-1 | 14,665,000 | ||
6,750 | Alaska Municipal Bond Bank, General Obligation Bonds, 2016 Master Resolution, Variable Rate Demand Obligations, Tender Option Bond Trust Seres 2017-XL0044, 0.230%, 4/01/25 (Mandatory Put 4/07/21), 144A (12) | No Opt. Call | F1 | 6,750,000 | ||
21,415 | Total Alaska | 21,415,000 | ||||
California – 0.4% | ||||||
33,000 | California Health Facilities Financing Authority, Revenue Bonds, Kaiser Permanante System, Variable Rate Demand Obligations, Series 2006C, 5.000%, 6/01/41 (Mandatory Put 11/01/29) (12) | No Opt. Call | AA- | 43,465,290 | ||
Connecticut – 0.1% | ||||||
13,000 | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Variable Rate Demand Obligations, Series 2020E-3, 0.040%, 11/15/50 (Mandatory Put 4/07/21) (12) | 3/21 at 100.00 | A-1+ | 13,000,000 | ||
Florida – 0.5% | ||||||
24,240 | Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project, Variable Rate Demand Obligations, Series 2019A, 6.250%, 1/01/49 (AMT) (Mandatory Put 1/01/24), 144A (12) | 6/21 at 103.00 | N/R | 23,879,067 | ||
3,505 | JEA, Florida, Electric System Revenue Bonds, Variable Rate Demand Obligations, Series Three 2008B-2 & 2008B-3, 0.100%, 10/01/40 (Mandatory Put 4/07/21) (12) | 3/21 at 100.00 | A-1 | 3,505,000 | ||
3,205 | JEA, Florida, Water and Sewerage System Revenue Bonds, Variable Rate Demand Obligations, Series 2008A-1 & 2008A-2, 0.060%, 10/01/38 (Mandatory Put 4/07/21) (12) | 3/21 at 100.00 | A-1 | 3,205,000 | ||
16,880 | Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of Miami, Variable Rate Demand Obligations, Tender Option Bond Trust Series 2018-XM0676, 0.170%, 4/01/53 (Mandatory Put 4/07/21), 144A (12) | 4/28 at 100.00 | VMIG2 | 16,880,000 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$ 1,975 | Miami-Dade County, Florida, Special Obligation Bonds, Capital Asset Acquisition, Variable Rate Demand Obligations, Series 2010E, 5.000%, 4/01/21 | 3/21 at 100.00 | N/R | $ 1,975,000 | ||
49,805 | Total Florida | 49,444,067 | ||||
Georgia – 0.1% | ||||||
7,500 | Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, Northeast Georgia Health Services Inc, Variable Rate Demand Obligations, Tender Option Bond Trust 2015-ZF0210, 0.150%, 2/02/23 (Mandatory Put 4/07/21), 144A (12) | No Opt. Call | A-1 | 7,500,000 | ||
Indiana – 0.0% | ||||||
3,175 | Purdue University, Indiana, University Revenue Bonds, Variable Rate Demand Obligations, Student Facility System Series 2004A, 0.060%, 7/01/33 (Mandatory Put 4/07/21) (12) | 3/21 at 100.00 | VMIG1 | 3,175,000 | ||
Michigan – 0.1% | ||||||
7,605 | Michigan Finance Authority, Hospital Revenue Bonds, Henry Ford Health System, Variable Rate Demand Obligations, Tender Option Bond Trust Series 2019-XF2837, 0.200%, 11/15/50 (Mandatory Put 4/07/21), 144A (12) | 11/29 at 100.00 | VMIG1 | 7,605,000 | ||
New York – 0.1% | ||||||
5,660 | New York City, New York, General Obligation Bonds, Fiscal 2013, Variable Rate Demand Obligations, Series A-2, 0.070%, 10/01/38 (Mandatory Put 3/31/21) (12) | 3/21 at 100.00 | A-1 | 5,660,000 | ||
North Carolina – 0.1% | ||||||
13,980 | Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Variable Rate Demand Obligations, Refunding Series 2008C, 0.030%, 5/01/36 (Mandatory Put 4/07/21) (12) | 3/21 at 100.00 | VMIG1 | 13,980,000 | ||
Ohio – 0.2% | ||||||
10,165 | Columbus, Ohio, Sewerage System Revenue Bonds, Variable Rate Demand Obligations, Series 2008B, 0.030%, 6/01/32 (Mandatory Put 4/07/21) (12) | 3/21 at 100.00 | A-1+ | 10,165,000 | ||
2,995 | Franklin County, Ohio, Hospital Revenue Bonds, OhioHealth Corporation, Variable Rate Demand Obligations, Refunding Series 2011D, 0.060%, 11/15/33 (Mandatory Put 4/07/21) (12) | 3/21 at 100.00 | A-1+ | 2,995,000 | ||
5,200 | Ohio Water Development Authority, Water Pollution Control Loan Fund Revenue Bonds, Variable Rate Demand Obligations, Series 2016A, 0.050%, 12/01/36 (Mandatory Put 4/07/21) (12) | 3/21 at 100.00 | A-1+ | 5,200,000 | ||
18,360 | Total Ohio | 18,360,000 | ||||
South Carolina – 0.1% | ||||||
7,250 | Charleston Educational Excellence Financing Corporation, South Carolina, Installment Purchase Revenue Bonds, Charleston County School District Project, Variable Rate Demand Obligations, Tender Option Bond Trust 2016-XF0296, 0.110%, 6/01/21 (Mandatory Put 4/07/21), 144A | No Opt. Call | N/R | 7,250,000 | ||
Texas – 1.1% | ||||||
6,905 | Board of Regents, University of Texas System, Financing System Revenue Bonds, Variable Rate Demand Obligations, Series 2008B, 0.030%, 8/01/25 (Mandatory Put 4/07/21) (12) | 3/21 at 100.00 | A-1+ | 6,905,000 | ||
10,000 | North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Variable Rate Demand Obligations, Tender Option Bond Floater 2015-XM0085, 0.200%, 1/01/40 (Mandatory Put 4/07/21), 144A (12) | No Opt. Call | VMIG1 | 10,000,000 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
$ 20,000 | Texas State, General Obligation Veterans Bonds, Variable Rate Demand Obligations, Series 2015A, 0.070%, 6/01/45 (Mandatory Put 4/07/21) (12) | 3/21 at 100.00 | VMIG1 | $20,000,000 | ||
77,525 | Texas State, General Obligation Veterans Bonds, Variable Rate Demand Obligations, Series 2019, 0.080%, 6/01/50 (Mandatory Put 4/07/21) (12) | 4/21 at 100.00 | VMIG1 | 77,525,000 | ||
114,430 | Total Texas | 114,430,000 | ||||
Washington – 0.1% | ||||||
8,400 | King County, Washington, General Obligation Bonds, Payable from Sewer Revenues, Refunding Multi-Modal Limited Tax, Variable Rate Demand Obligations, Series 2019A, 0.060%, 1/01/46 (Mandatory Put 3/31/21) (12) | 3/21 at 100.00 | A-1+ | 8,400,000 | ||
4,500 | Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Variable Rate Demand Obligations, Tender Option Bond Trust 2018-ZM0679, 0.150%, 7/01/26 (Mandatory Put 4/07/21), 144A (12) | No Opt. Call | VMIG3 | 4,500,000 | ||
12,900 | Total Washington | 12,900,000 | ||||
$ 369,637 | Total Short-Term Investments (cost $378,335,770) | 381,740,411 | ||||
Total Investments (cost $9,741,468,892) – 98.9% | 10,237,516,983 | |||||
Other Assets Less Liabilities – 1.1% | 115,044,430 | |||||
Net Assets – 100% | $10,352,561,413 |
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns. Optional Call Provisions are not covered by the report of independent registered public accounting firm. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. Ratings are not covered by the report of independent registered public accounting firm. | |
(4) | Variable rate security. The rate shown is the coupon as of the end of the reporting period. | |
(5) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions. | |
(6) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(7) | 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. | |
(8) | 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. | |
(9) | Common Stock received as part of the bankruptcy settlements during February 2020 for Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006A, 3.500%, 4/01/41, Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35, Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2008A, 2.700%, 4/01/35, Ohio Air Quality Development Authority, Ohio, Air Quality Development Revenue Bonds, FirstEnergy Generation Corporation Project, Series 2009A, 5.700%, 8/01/20, Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Corporation Project, Refunding Series 2009B, 3.100%, 3/01/23, Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750% 12/01/23,Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2006B, 3.625%, 12/01/33, Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2008C, 3.950%, 11/01/32, Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2005B, 4.000%, 1/01/34, Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2006A, 3.000%, 5/15/20, Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2006B, 4.000%, 12/01/33, Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2010A, 3.750%, 7/01/33, Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2010C, 4.000%, 6/01/33, Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, Shippingport Project, First Energy Guarantor, Series 2005A, 3.750%, 12/01/40, Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, Shippingport Project, First Energy Guarantor, Series 2006A, 2.550%, 11/01/41. | |
(10) | For fair value measurement disclosure purposes, investment classified as Level 2. See Notes to Financial Statements, Note 3 - Investment Valuation and Fair Value Measurements for more information. | |
(11) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
(12) | 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. | |
LIBOR | London Inter-Bank Offered Rate | |
SIFMA | Securities Industry and Financial Market Association | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 95.0% | ||||||
MUNICIPAL BONDS – 94.0% | ||||||
National – 0.2% | ||||||
$ 8,920 | Federal Home Loan Mortgage Corporation, Multifamily Variable Rate Certificates Relating to Municpal Securities Class A Series 2019M-057, 2.400%, 10/15/29 | No Opt. Call | AA+ | 9,386,249 | ||
2,804 | Freddie Mac Multi-Family ML Certificates, Series ML 05, Series 2019A, 3.400%, 1/25/36 | No Opt. Call | AA+ | 3,185,154 | ||
11,724 | Total National | 12,571,403 | ||||
Alabama – 1.1% | ||||||
9,350 | Alabama Public School and College Authority, Capital Improvement Pool Revenue Bonds, Refunding Series 2020A, 5.000%, 11/01/25 | No Opt. Call | Aa1 | 11,253,006 | ||
9,800 | Black Belt Energy Gas District, Alabama, Gas PrePay Revenue Bonds, Project 3 Series 2018A, 4.000%, 12/01/48 (Mandatory Put 12/01/23) | 9/23 at 100.31 | A2 | 10,644,564 | ||
10,010 | Black Belt Energy Gas District, Alabama, Gas PrePay Revenue Bonds, Project 4 Series 2019A-1, 4.000%, 12/01/49 (Mandatory Put 12/01/25) | 9/25 at 100.38 | A1 | 11,419,508 | ||
29,180 | Black Belt Energy Gas District, Alabama, Gas Supply Revenue Bonds, Series 2017A, 4.000%, 8/01/47 (Mandatory Put 7/01/22) | 4/22 at 100.52 | Aa2 | 30,386,301 | ||
5,080 | Black Belt Energy Gas District, Alabama, Gas Supply Revenue Bonds, Series 2021A, 1.000%, 6/01/51 (Mandatory Put 12/01/31) (WI/DD, Settling 4/19/21) | 9/31 at 100.53 | Aa2 | 6,192,181 | ||
1,000 | Chatom Industrial Development Board, Alabama, Gulf Opportunity Zone Revenue Bonds, PowerSouth Energy Cooperative, Refunding Series 2020, 5.000%, 8/01/24 – AGM Insured | No Opt. Call | AA | 1,143,820 | ||
10,835 | Lower Alabama Gas District, Alabama, Goldman Sachs Gas Project 2 Revenue Bonds, Series 2020A, 4.000%, 12/01/50 (Mandatory Put 12/01/25) | 9/25 at 100.58 | A2 | 12,349,841 | ||
6,000 | Selma Industrial Development Board, Alabama, Gulf Opportunity Zone Revenue Bonds, International Paper Company Project, Refunding Series 2020A, 1.375%, 5/01/34 (Mandatory Put 6/16/25) | No Opt. Call | BBB | 6,132,060 | ||
81,255 | Total Alabama | 89,521,281 | ||||
Alaska – 0.9% | ||||||
1,175 | Alaska Housing Finance Corporation, General Obligation Bonds, State Capital Project II, Series 2021A, 4.000%, 12/01/25 (WI/DD, Settling 4/28/21) | No Opt. Call | AA+ | 1,356,780 | ||
1,305 | Alaska Housing Finance Corporation, Mortgage Revenue Bonds, General Series 2016A-II, 1.900%, 12/01/24 | No Opt. Call | AA+ | 1,357,670 | ||
7,430 | Alaska Housing Finance Corporation, Mortgage Revenue Bonds, General Series 2018A-II, 3.450%, 12/01/33 | 6/27 at 100.00 | AA+ | 8,040,598 | ||
12,345 | Alaska Housing Finance Corporation, Mortgage Revenue Bonds, General Series 2020A-II, 2.000%, 12/01/35 | 6/29 at 100.00 | AA+ | 12,229,574 | ||
23,000 | Alaska Housing Finance Corporation, Mortgage Revenue Bonds, General Series 2020B-II, 2.000%, 12/01/35 | 6/29 at 100.00 | AA+ | 22,784,950 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Alaska (continued) | ||||||
Alaska Industrial Development and Export Authority, Power Revenue Bonds, Snettisham Hydroelectric Project, Refunding Series 2015: | ||||||
$ 1,655 | 5.000%, 1/01/24 (AMT) | No Opt. Call | Baa2 | 1,823,512 | ||
3,565 | 5.000%, 1/01/26 (AMT) | 7/25 at 100.00 | Baa2 | 4,036,471 | ||
Alaska Industrial Development and Export Authority, Revenue Bonds, Greater Fairbanks Community Hospital Foundation Project, Refunding Series 2019: | ||||||
5,145 | 5.000%, 4/01/27 | No Opt. Call | A+ | 6,273,093 | ||
5,355 | 5.000%, 4/01/28 | No Opt. Call | A+ | 6,643,413 | ||
5,575 | 5.000%, 4/01/29 | No Opt. Call | A+ | 7,034,535 | ||
540 | Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 4.625%, 6/01/23 | 4/21 at 100.00 | A1 | 548,008 | ||
67,090 | Total Alaska | 72,128,604 | ||||
Arizona – 1.6% | ||||||
Arizona Board of Regents, Univeristy of Arizona, SPEED Revenue Bonds, Stimulus Plan for Economic and Educational Development, Series 2020C Forward Delivery: | ||||||
1,000 | 5.000%, 8/01/22 (WI/DD, Settling 5/12/21) | No Opt. Call | Aa3 | 1,059,190 | ||
1,000 | 5.000%, 8/01/24 (WI/DD, Settling 5/12/21) | No Opt. Call | Aa3 | 1,145,630 | ||
Arizona State, Certificates of Participation, Refunding Series 2019A: | ||||||
5,430 | 5.000%, 10/01/26 | No Opt. Call | Aa2 | 6,693,670 | ||
5,015 | 5.000%, 10/01/27 | No Opt. Call | Aa2 | 6,325,771 | ||
16,830 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2005, 2.400%, 12/01/35 (Mandatory Put 8/14/23) | No Opt. Call | A+ | 17,606,704 | ||
1,760 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2007, 2.700%, 12/01/37 (Mandatory Put 8/14/23) (AMT) | No Opt. Call | A+ | 1,848,933 | ||
19,350 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2019, 5.000%, 6/01/49 (Mandatory Put 6/03/24) (AMT) | No Opt. Call | A+ | 21,975,214 | ||
2,430 | Coconino County, Arizona, Pollution Control Revenue Bonds, Nevada Power Company Project, Refunding Series 2017A, 1.875%, 9/01/32 (Mandatory Put 3/31/23) (AMT) | No Opt. Call | A+ | 2,494,152 | ||
2,500 | Coconino County, Arizona, Pollution Control Revenue Bonds, Nevada Power Company Project, Refunding Series 2017B, 1.650%, 3/01/39 (Mandatory Put 3/31/23) | No Opt. Call | A+ | 2,563,400 | ||
765 | Dysart Unified School District Number 89, Maricopa County, Arizona, General Obligation Bonds, Refunding Series 2014, 5.000%, 7/01/21 | No Opt. Call | AAA | 773,667 | ||
Glendale Industrial Development Authority, Arizona, Revenue Bonds, Midwestern University, Refunding Series 2020: | ||||||
750 | 5.000%, 5/15/21 | No Opt. Call | AA- | 753,953 | ||
750 | 5.000%, 5/15/22 | No Opt. Call | AA- | 789,322 | ||
550 | 5.000%, 5/15/23 | No Opt. Call | AA- | 601,794 | ||
425 | 4.000%, 5/15/24 | No Opt. Call | AA- | 467,551 | ||
14,500 | Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth, Series 2019B, 5.000%, 9/01/45 (Mandatory Put 9/01/24) | No Opt. Call | A+ | 16,817,245 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arizona (continued) | ||||||
$ 6,710 | Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2017C, 5.000%, 1/01/48 (Mandatory Put 10/18/24) | No Opt. Call | AA- | 7,751,526 | ||
3,780 | Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Variable Rate Series 2019B, 0.430%, 1/01/35 (Mandatory Put 10/18/22) (SIFMA reference rate + 0.380% spread) (4) | 4/22 at 100.00 | AA- | 3,774,406 | ||
3,255 | Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Variable Rate Series 2019C, 0.620%, 1/01/35 (Mandatory Put 10/18/24) (SIFMA reference rate + 0.570% spread) (4) | 10/23 at 100.00 | AA- | 3,241,687 | ||
Maricopa County Unified School District 60 Higley, Arizona, General Obligation Bonds, Refunding School Improvement Series 2015: | ||||||
1,565 | 4.000%, 7/01/21 – AGM Insured | No Opt. Call | AA | 1,579,382 | ||
750 | 4.000%, 7/01/22 – AGM Insured | No Opt. Call | AA | 785,430 | ||
1,270 | Maricopa County Unified School District 60 Higley, Arizona, General Obligation Bonds, School Improvement Project of 2013, Series 2014A, 4.000%, 7/01/24 | No Opt. Call | Aa2 | 1,416,672 | ||
Mesa, Arizona, General Obligation Bonds, Refunding Series 2012: | ||||||
2,225 | 4.000%, 7/01/21 | No Opt. Call | AAA | 2,245,715 | ||
2,055 | 4.000%, 7/01/22 | No Opt. Call | AAA | 2,153,393 | ||
Mesa, Arizona, Street and Highway User Revenue Bonds, Refunding Series 2012: | ||||||
2,435 | 5.000%, 7/01/21 | No Opt. Call | AA | 2,462,589 | ||
4,030 | 5.000%, 7/01/22 | No Opt. Call | AA | 4,265,030 | ||
3,615 | Mesa, Arizona, Street and Highway User Revenue Bonds, Refunding Series 2015, 5.000%, 7/01/26 | 7/25 at 100.00 | AA | 4,261,326 | ||
6,115 | Mesa, Arizona, Utility System Revenue Bonds, Refunding Series 2012, 5.000%, 7/01/21 | No Opt. Call | Aa2 | 6,186,484 | ||
295 | Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Electric Power Company Project, Series 2013A, 4.000%, 9/01/29 | 3/23 at 100.00 | A- | 308,343 | ||
Pinal County, Arizona, Pledged Revenue Obligations, Refunding Series 2014: | ||||||
1,325 | 5.000%, 8/01/22 | No Opt. Call | AA | 1,409,111 | ||
2,000 | 5.000%, 8/01/23 | No Opt. Call | AA | 2,205,760 | ||
2,000 | 5.000%, 8/01/24 | No Opt. Call | AA | 2,284,100 | ||
1,000 | Pinal County, Arizona, Pledged Revenue Obligations, Series 2014, 5.000%, 8/01/24 | No Opt. Call | AA | 1,142,050 | ||
117,480 | Total Arizona | 129,389,200 | ||||
Arkansas – 0.5% | ||||||
8,605 | Arkansas State, Federal Highway Grant Anticipation and Tax Revenue Bonds, Series 2013, 5.000%, 10/01/22 | No Opt. Call | Aa1 | 9,230,756 | ||
5,250 | Fayetteville, Arkansas, Sales and Use Tax Revenue Bonds, Refunding & Capital Improvement Series 2019A, 2.000%, 11/01/29 | 11/26 at 100.00 | AA- | 5,361,195 | ||
670 | Little Rock, Arkansas, Hotel and Restaurant Gross Receipts Tax Bonds, Series 2014, 5.000%, 7/01/21 | No Opt. Call | A+ | 676,365 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arkansas (continued) | ||||||
Pulaksi County Public Facilities Board, Arkansas, Health Facilities Revenue Bonds, CARTI Project, Series 2013: | ||||||
$ 1,020 | 4.000%, 7/01/21 (ETM) | No Opt. Call | BB+ (5) | 1,029,047 | ||
1,075 | 4.000%, 7/01/22 (ETM) | No Opt. Call | BB+ (5) | 1,124,138 | ||
1,180 | 5.250%, 7/01/27 (Pre-refunded 7/01/23) | 7/23 at 100.00 | BB+ (5) | 1,308,537 | ||
470 | 5.250%, 7/01/28 (Pre-refunded 7/01/23) | 7/23 at 100.00 | BB+ (5) | 521,197 | ||
Pulaski County Public Facilities Board, Arkansas, Healthcare Revenue Bonds, Baptist Health, Series 2014: | ||||||
500 | 5.000%, 12/01/22 | No Opt. Call | A | 537,565 | ||
1,740 | 5.000%, 12/01/23 | No Opt. Call | A | 1,941,962 | ||
2,110 | 5.000%, 12/01/24 | No Opt. Call | A | 2,426,310 | ||
2,000 | Rogers School District 30, Benton County, Arkansas, General Obligation Bonds, Construction Series 2019, 2.125%, 2/01/31 | 2/25 at 100.00 | Aa2 | 2,054,320 | ||
Rogers School District 30, Benton County, Arkansas, General Obligation Bonds, Refunding Series 2019: | ||||||
2,560 | 3.000%, 2/01/27 | 8/24 at 100.00 | Aa2 | 2,741,222 | ||
3,790 | 3.000%, 2/01/28 | 8/24 at 100.00 | Aa2 | 4,041,505 | ||
3,915 | 3.000%, 2/01/29 | 8/24 at 100.00 | Aa2 | 4,157,339 | ||
34,885 | Total Arkansas | 37,151,458 | ||||
California – 3.5% | ||||||
17,400 | Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Term Rate Series 2018A, 2.625%, 4/01/45 (Mandatory Put 4/01/26) | 10/25 at 100.00 | AA | 18,881,958 | ||
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2020A: | ||||||
500 | 3.000%, 6/01/21 | No Opt. Call | A | 502,150 | ||
450 | 4.000%, 6/01/22 | No Opt. Call | A | 469,409 | ||
500 | 4.000%, 6/01/23 | No Opt. Call | A | 539,150 | ||
605 | 5.000%, 6/01/24 | No Opt. Call | A | 690,595 | ||
740 | 5.000%, 6/01/25 | No Opt. Call | A | 873,089 | ||
905 | 5.000%, 6/01/26 | No Opt. Call | A | 1,100,362 | ||
840 | 5.000%, 6/01/27 | No Opt. Call | A | 1,047,917 | ||
1,185 | 5.000%, 6/01/28 | No Opt. Call | A | 1,510,034 | ||
1,475 | 5.000%, 6/01/29 | No Opt. Call | A | 1,917,574 | ||
980 | 5.000%, 6/01/30 | No Opt. Call | A | 1,293,982 | ||
1,350 | California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los Angeles County Securitization Corporation, Series 2020B-1, 1.750%, 6/01/30 | No Opt. Call | BBB+ | 1,356,089 | ||
6,605 | California Health Facilities Financing Authority, Revenue Bonds, Adventist Health System/West, Series 2011A, 3.000%, 3/01/41 (Mandatory Put 3/01/24) | 9/23 at 100.00 | A+ | 6,968,936 | ||
8,075 | California Health Facilities Financing Authority, Revenue Bonds, Providence Saint Joseph Health, Series 2016B-3, 2.000%, 10/01/36 (Mandatory Put 10/01/25) | 10/25 at 100.00 | AA- | 8,573,228 | ||
5,400 | California Health Facilities Financing Authority, Revenue Bonds, Providence Saint Joseph Health, Term Rate Series 2019C, 5.000%, 10/01/39 (Mandatory Put 10/01/25) | No Opt. Call | AA- | 6,449,544 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 3,939 | California Housing Finance Agency, Municipal Certificate Revenue Bonds, Class A Series 2019-2, 4.000%, 3/20/33 | No Opt. Call | BBB+ | 4,568,512 | ||
California Infrastructure and Economic Development Bank, Revenue Bonds, J Paul Getty Trust, Refunding Series 2020A-1: | ||||||
1,000 | 4.000%, 4/01/25 | No Opt. Call | AAA | 1,145,460 | ||
1,000 | 4.000%, 4/01/26 | No Opt. Call | AAA | 1,173,700 | ||
19,790 | California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A, 3.000%, 12/31/30 – AGM Insured (AMT) | 6/28 at 100.00 | AA | 21,426,831 | ||
California Municipal Finance Authority, Reveue Bonds, Community Medical Centers, Series 2017A: | ||||||
1,565 | 5.000%, 2/01/22 | No Opt. Call | A- | 1,623,891 | ||
2,600 | 5.000%, 2/01/23 | No Opt. Call | A- | 2,806,492 | ||
1,920 | 5.000%, 2/01/24 | No Opt. Call | A- | 2,146,886 | ||
1,700 | 5.000%, 2/01/25 | No Opt. Call | A- | 1,959,743 | ||
2,000 | 5.000%, 2/01/26 | No Opt. Call | A- | 2,370,820 | ||
1,500 | 5.000%, 2/01/27 | No Opt. Call | A- | 1,820,070 | ||
3,385 | California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Refunding Series 2015B-2, 3.125%, 11/01/40 (Mandatory Put 11/03/25) (AMT) | No Opt. Call | A- | 3,760,633 | ||
5,925 | California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Series 2015A-1, 3.375%, 7/01/25 (AMT) | No Opt. Call | A- | 6,596,243 | ||
6,490 | California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Waste Management, Inc Project, Refunding Series 2015B-1, 3.000%, 11/01/25 (AMT) | No Opt. Call | A- | 7,172,813 | ||
3,700 | California Pollution Control Financing Authority, Water Facilities Revenue Bonds, American Water Capital Corporation, Project, Refunding Series 2020, 0.600%, 8/01/40 (Mandatory Put 9/01/23) | No Opt. Call | A | 3,696,781 | ||
5,500 | California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014A, 5.250%, 12/01/29 | 12/24 at 100.00 | BB | 6,272,750 | ||
1,000 | California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A, 5.000%, 12/01/27, 144A | 6/26 at 100.00 | BB | 1,173,910 | ||
325 | California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2018A, 5.000%, 12/01/27, 144A | No Opt. Call | BB | 394,648 | ||
9,485 | California Statewide Communities Development Authority, Health Facility Revenue Bonds, Community Hospital of the Monterey Peninsula, Series 2012A, 1.870%, 6/01/23 | 5/21 at 100.00 | N/R | 9,495,528 | ||
765 | California Statewide Communities Development Authority, Revenue Bonds, Huntington Memorial Hospital, Refunding Series 2014B, 5.000%, 7/01/24 | No Opt. Call | A- | 865,751 | ||
5,040 | California Statewide Communities Development Authority, Revenue Bonds, Kaiser Permanente, Series 2009C-1, 5.000%, 4/01/46 (Mandatory Put 11/01/29) | No Opt. Call | AA- | 6,638,335 | ||
3,620 | California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System, Series 2004L, 5.000%, 4/01/38 (Mandatory Put 11/01/29) | No Opt. Call | AA- | 4,768,011 | ||
6,965 | Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-1, 3.500%, 6/01/36 | 6/22 at 100.00 | BB | 7,091,554 | ||
500 | Lake Elsinore Public Financing Authority, California, Local Agency Revenue Bonds, Canyon Hills Improvement Area A & C, Series 2014C, 5.000%, 9/01/21 | No Opt. Call | N/R | 509,125 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
Los Angeles County Metropolitan Transportation Authority, California, Measure R Sales Tax Revenue Bonds, Refunding Junior Subordinate Green Series 2020A: | ||||||
$ 9,525 | 5.000%, 6/01/25 | No Opt. Call | AA | 11,323,415 | ||
25,000 | 5.000%, 6/01/26 | No Opt. Call | AA | 30,685,250 | ||
13,125 | Los Angeles County, California, Tax and Revenue Anticipation Notes, Series 2020-21, 4.000%, 6/30/21 | No Opt. Call | N/R | 13,251,788 | ||
5,010 | Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2018B, 5.000%, 1/01/22 | 12/21 at 100.00 | Aa2 | 5,171,122 | ||
2,810 | Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2013B, 5.000%, 7/01/22 | No Opt. Call | AA+ | 2,980,061 | ||
Miracosta Community College District, California, General Obligation Bonds, Election 2016, Series 2016B: | ||||||
1,270 | 4.000%, 8/01/27 | No Opt. Call | AAA | 1,529,664 | ||
635 | 4.000%, 8/01/30 | No Opt. Call | AAA | 796,677 | ||
2,715 | New Haven Unified School District, California, General Obligation Bonds, Refunding Series 2014A, 5.000%, 8/01/25 – BAM Insured | 8/24 at 100.00 | AA | 3,117,092 | ||
Newport-Mesa Unified School District, Orange County, California, General Obligation Bonds, Election 2000 Refunding Series 2020: | ||||||
1,900 | 5.000%, 8/01/22 | No Opt. Call | Aaa | 2,022,455 | ||
2,500 | 5.000%, 8/01/23 | No Opt. Call | Aaa | 2,778,125 | ||
16,200 | Riverside County Office of Education, California, Pooled Cross Fiscal Year 2020-21 Tax and Revenue Anticipation Notes, Participations Series 2021A, 2.000%, 12/01/21 | No Opt. Call | N/R | 16,401,795 | ||
40 | San Bernardino, California, GNMA Mortgage-Backed Securities Program Single Family Mortgage Revenue Refunding Bonds, Series 1990A, 7.500%, 5/01/23 (ETM) | No Opt. Call | Aaa (5) | 42,995 | ||
13,925 | San Diego Association of Governments, California, Capital Grants Receipts Revenue Bonds, Mid-Coast Corridor Transit Project, Green Series 2019B, 1.800%, 11/15/27 | 11/26 at 100.00 | A- | 14,304,317 | ||
6,340 | San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Refunding Second Series 2017D, 5.000%, 5/01/25 (AMT) | No Opt. Call | A1 | 7,453,684 | ||
San Francisco Bay Area Rapid Transit District, California, General Obligation Bonds, Election of 2016, Green Series 2020C-1: | ||||||
1,170 | 5.000%, 8/01/24 | No Opt. Call | Aaa | 1,351,678 | ||
1,335 | 5.000%, 8/01/25 | No Opt. Call | Aaa | 1,596,059 | ||
4,000 | 5.000%, 8/01/29 | No Opt. Call | Aaa | 5,330,880 | ||
1,530 | Vallecito Union School District, Calaveras County, California, General Obligation Bonds,2018 Election, Anticipation Note Series 2019, 0.000%, 8/01/22 | No Opt. Call | AA | 1,523,084 | ||
Washington Township Health Care District, California, Revenue Bonds, Refunding Series 2015A: | ||||||
1,130 | 5.000%, 7/01/22 | No Opt. Call | Baa2 | 1,189,528 | ||
980 | 5.000%, 7/01/23 | No Opt. Call | Baa2 | 1,070,787 | ||
247,864 | Total California | 275,572,960 | ||||
Colorado – 1.6% | ||||||
7,305 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Adventist Health, Sunbelt Obligated Group, Series 2014E, 5.000%, 11/15/24 | 5/24 at 100.00 | AA | 8,352,975 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
$ 16,975 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2008D-3, 5.000%, 10/01/38 (Mandatory Put 11/12/21) | No Opt. Call | BBB+ | 17,399,545 | ||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-1: | ||||||
2,545 | 5.000%, 8/01/25 | No Opt. Call | BBB+ | 2,986,507 | ||
2,500 | 5.000%, 8/01/26 | No Opt. Call | BBB+ | 3,017,925 | ||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-2: | ||||||
3,000 | 5.000%, 8/01/25 | No Opt. Call | BBB+ | 3,520,440 | ||
2,500 | 5.000%, 8/01/26 | No Opt. Call | BBB+ | 3,017,925 | ||
3,110 | 5.000%, 8/01/29 | No Opt. Call | BBB+ | 3,978,063 | ||
5,000 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019B-1, 5.000%, 8/01/49 (Mandatory Put 8/01/25) | 2/25 at 100.00 | BBB+ | 5,778,900 | ||
10,920 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019B-2, 5.000%, 8/01/49 (Mandatory Put 8/01/26) | 2/26 at 100.00 | BBB+ | 12,994,473 | ||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Series 2013A: | ||||||
2,000 | 5.000%, 6/01/21 (ETM) | No Opt. Call | N/R (5) | 2,015,300 | ||
2,300 | 5.000%, 6/01/22 (ETM) | No Opt. Call | N/R (5) | 2,430,111 | ||
500 | 5.000%, 6/01/23 (ETM) | No Opt. Call | N/R (5) | 551,480 | ||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, SCL Health System, Refunding Series 2019A: | ||||||
3,105 | 5.000%, 1/01/26 | No Opt. Call | AA- | 3,737,706 | ||
4,540 | 5.000%, 1/01/27 | No Opt. Call | AA- | 5,617,569 | ||
5,100 | 5.000%, 1/01/28 | No Opt. Call | AA- | 6,458,742 | ||
Colorado State, Certificates of Participation, Rural Series 2020A: | ||||||
765 | 5.000%, 12/15/21 | No Opt. Call | Aa2 | 790,788 | ||
2,170 | 5.000%, 12/15/22 | No Opt. Call | Aa2 | 2,344,164 | ||
10,110 | Colorado State, General Fund Tax and Revenue Anticipation Notes, Series 2020, 4.000%, 6/25/21 | No Opt. Call | N/R | 10,202,102 | ||
530 | Cornerstar Metropolitan District, Arapahoe County, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Refunding Series 2017A, 4.500%, 12/01/27 | 12/22 at 103.00 | N/R | 560,051 | ||
13,095 | Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2018A, 5.000%, 12/01/24 (AMT) | No Opt. Call | A+ | 15,140,177 | ||
Gardens on Havana Metropolitan District 3, Arapahoe County, Colorado, Special Revenue Bonds, Refunding Series 2017A: | ||||||
680 | 3.625%, 12/01/21 | No Opt. Call | N/R | 688,017 | ||
3,705 | 4.625%, 12/01/27 | 12/22 at 103.00 | N/R | 3,927,152 | ||
5,715 | Moffat County, Colorado, Pollution Control Revenue Bonds, Tri-State Generation and Transmission Association, Inc Project, Refunding Series 2009, 2.000%, 3/01/36 (Mandatory Put 10/03/22) | No Opt. Call | A- | 5,848,502 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
Regional Transportation District, Colorado, Private Activity Bonds, Denver Transit Partners Eagle P3 Project, Series 2020A: | ||||||
$ 575 | 5.000%, 1/15/24 | No Opt. Call | A- | 641,817 | ||
475 | 5.000%, 7/15/24 | No Opt. Call | A- | 538,866 | ||
325 | 5.000%, 1/15/25 | No Opt. Call | A- | 373,648 | ||
400 | 5.000%, 7/15/25 | No Opt. Call | A- | 466,569 | ||
500 | 3.000%, 1/15/26 | No Opt. Call | A- | 544,276 | ||
425 | 5.000%, 7/15/26 | No Opt. Call | A- | 508,589 | ||
500 | 5.000%, 1/15/27 | No Opt. Call | A- | 605,137 | ||
625 | 5.000%, 7/15/27 | No Opt. Call | A- | 764,236 | ||
555 | STC Metropolitan District 2, Superior, Boulder County, Colorado, Limited Tax General Obligation and Special Revenue Bonds, Refunding & improvement Series 2019A, 3.000%, 12/01/25 | 12/24 at 103.00 | N/R | 575,052 | ||
500 | Sterling Ranch Community Authority Board, Douglas County, Colorado, Limited Tax Supported District 2, Refunding & Improvement Senior Series 2020A, 3.375%, 12/01/30 | 12/25 at 102.00 | N/R | 543,265 | ||
805 | Transport Metropolitan District 3, In the City of Aurora, Adams County, Colorado, General Obligation Limited Bonds, Series 2021A-1, 4.125%, 12/01/31 | 3/26 at 103.00 | N/R | 856,050 | ||
113,855 | Total Colorado | 127,776,119 | ||||
Connecticut – 2.7% | ||||||
7,085 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hartford HealthCare Issue, Series 2020B-1, 5.000%, 7/01/53 (Mandatory Put 1/01/25) | 10/24 at 100.93 | A+ | 8,209,885 | ||
1,430 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hartford HealthCare Issue, Series 2020B-2, 5.000%, 7/01/53 (Mandatory Put 1/01/27) | 10/26 at 100.87 | A+ | 1,753,094 | ||
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Stamford Hospital, Series 2021L-1: | ||||||
845 | 4.000%, 7/01/22 (WI/DD, Settling 4/06/21) | No Opt. Call | BBB+ | 883,024 | ||
1,250 | 4.000%, 7/01/25 (WI/DD, Settling 4/06/21) | No Opt. Call | BBB+ | 1,415,682 | ||
24,640 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2010A-4, 2.000%, 7/01/49 (Mandatory Put 2/08/22) | No Opt. Call | AAA | 25,023,152 | ||
6,925 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2015A, 2.050%, 7/01/35 (Mandatory Put 7/12/21) | No Opt. Call | AAA | 6,960,387 | ||
35,715 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2016A-1, 1.450%, 7/01/42 (Mandatory Put 7/01/22) | No Opt. Call | AAA | 36,289,297 | ||
6,055 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2017A-2, 5.000%, 7/01/42 (Mandatory Put 7/01/22) | No Opt. Call | AAA | 6,423,023 | ||
6,885 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2017B-2, 0.550%, 7/01/37 (Mandatory Put 7/03/23) | No Opt. Call | AAA | 6,889,888 | ||
44,445 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Variable Rate Demand Obligations, Series 1999-U2, 2.000%, 7/01/33 (Mandatory Put 2/08/22) | No Opt. Call | AAA | 45,136,120 | ||
25,990 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale-New Haven Health Issue, Series 2014D, 1.800%, 7/01/49 (Mandatory Put 7/01/24) | 1/24 at 100.00 | AA- | 26,973,721 | ||
1,955 | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2018D-1, 3.750%, 11/15/33 | 11/27 at 100.00 | AAA | 2,170,852 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Connecticut (continued) | ||||||
$ 5,000 | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2019F-1, 2.600%, 11/15/34 | 11/28 at 100.00 | AAA | 5,235,700 | ||
3,500 | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2020A-1, 2.300%, 11/15/35 | 5/29 at 100.00 | AAA | 3,582,915 | ||
4,350 | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2020C-1, 1.950%, 11/15/35 | 11/29 at 100.00 | AAA | 4,356,046 | ||
1,250 | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2020C-2, 2.200%, 11/15/34 (AMT) | 11/29 at 100.00 | AAA | 1,252,838 | ||
4,000 | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2021A-1, 1.700%, 5/15/34 | 5/30 at 100.00 | AAA | 3,887,135 | ||
Connecticut State, General Obligation Bonds, Refunding Series 2018B: | ||||||
5,220 | 5.000%, 4/15/21 | No Opt. Call | Aa3 | 5,227,047 | ||
7,140 | 5.000%, 4/15/22 | No Opt. Call | Aa3 | 7,495,429 | ||
1,420 | Connecticut State, General Obligation Bonds, Refunding Series 2018C, 5.000%, 6/15/22 | No Opt. Call | Aa3 | 1,501,977 | ||
720 | Connecticut State, General Obligation Bonds, Refunding Series 2018F, 5.000%, 9/15/21 | No Opt. Call | Aa3 | 735,574 | ||
490 | Connecticut State, General Obligation Bonds, Series 2013C, 5.000%, 7/15/22 | No Opt. Call | Aa3 | 520,258 | ||
1,685 | Connecticut State, General Obligation Bonds, Series 2019A, 5.000%, 4/15/23 | No Opt. Call | Aa3 | 1,847,855 | ||
Connecticut State, General Obligation Bonds, Series 2020C: | ||||||
1,150 | 3.000%, 6/01/21 | No Opt. Call | Aa3 | 1,155,129 | ||
1,100 | 3.000%, 6/01/22 | No Opt. Call | Aa3 | 1,136,047 | ||
1,535 | Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes, Refunding Series 20168C, 5.000%, 10/01/23 | No Opt. Call | A+ | 1,713,474 | ||
1,000 | Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes, Series 2020A, 4.000%, 5/01/21 | No Opt. Call | A+ | 1,002,830 | ||
1,005 | South Central Connecticut Regional Water Authority, Water System Revenue Bonds, Twenty-Ninth Series 2014, 5.000%, 8/01/22 | No Opt. Call | AA- | 1,068,797 | ||
525 | Stratford, Connecticut, General Obligation Bonds, Series 2014, 5.000%, 12/15/21 | No Opt. Call | AA- | 542,288 | ||
West Haven, Connecticut, General Obligation Bonds, Series 2012: | ||||||
2,095 | 5.000%, 8/01/22 – AGM Insured | No Opt. Call | AA | 2,223,675 | ||
2,000 | 5.000%, 8/01/23 – AGM Insured | 8/22 at 100.00 | AA | 2,118,920 | ||
1,000 | 5.000%, 8/01/25 – AGM Insured | 8/22 at 100.00 | AA | 1,058,090 | ||
209,405 | Total Connecticut | 215,790,149 | ||||
Delaware – 1.0% | ||||||
14,785 | Delaware Economic Development Authority, Exempt Facility Revenue Bonds, NRG Energy Project, Refunding Series 2020A, 1.250%, 10/01/45 (Mandatory Put 10/01/25) | 10/25 at 100.00 | BBB- | 14,731,478 | ||
9,000 | Delaware Economic Development Authority, Exempt Facility Revenue Bonds, NRG Energy Project, Refunding Series 2020B, 1.250%, 10/01/40 (Mandatory Put 10/01/25) | 10/25 at 100.00 | BBB- | 8,966,520 | ||
7,855 | Delaware Economic Development Authority, Gas Facilities Revenue Bonds, Delmarva Power & Light Company Project, Refunding Series 2020, 1.050%, 1/01/31 (Mandatory Put 7/01/25) | No Opt. Call | A | 7,980,601 | ||
275 | Delaware Health Facilities Authority, Revenue Bonds, Nanticoke Memorial Hospital, Series 2013, 5.000%, 7/01/21 (ETM) | No Opt. Call | AA- (5) | 278,163 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Delaware (continued) | ||||||
Delaware State, General Obligation Bonds, Refunding Series 2020B: | ||||||
$ 1,000 | 5.000%, 7/01/21 | No Opt. Call | Aaa | 1,011,770 | ||
2,080 | 5.000%, 7/01/22 | No Opt. Call | Aaa | 2,206,152 | ||
1,550 | 5.000%, 7/01/24 | No Opt. Call | Aaa | 1,785,337 | ||
Delaware Transportation Authority, Transportation System Revenue Bonds, Senior Lien Series 2020: | ||||||
3,050 | 5.000%, 7/01/26 | No Opt. Call | AA+ | 3,745,766 | ||
4,890 | 5.000%, 7/01/27 | No Opt. Call | AA+ | 6,165,165 | ||
9,785 | 5.000%, 7/01/28 | No Opt. Call | AA+ | 12,621,867 | ||
11,405 | 5.000%, 7/01/30 | No Opt. Call | AA+ | 15,289,771 | ||
65,675 | Total Delaware | 74,782,590 | ||||
District of Columbia – 0.7% | ||||||
10,000 | District of Columbia, Income Tax Secured Revenue Bonds, Series 2011G, 5.000%, 12/01/30 (Pre-refunded 12/01/21) | 12/21 at 100.00 | AAA | 10,322,300 | ||
Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2018A: | ||||||
8,175 | 5.000%, 10/01/22 (AMT) | No Opt. Call | Aa3 | 8,740,220 | ||
10,830 | 5.000%, 10/01/23 (AMT) | No Opt. Call | Aa3 | 12,046,209 | ||
8,875 | 5.000%, 10/01/24 (AMT) | No Opt. Call | Aa3 | 10,230,035 | ||
7,250 | 5.000%, 10/01/25 (AMT) | No Opt. Call | Aa3 | 8,613,000 | ||
1,200 | Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue Bonds, Series 2018, 5.000%, 7/01/24 | No Opt. Call | AA- | 1,375,056 | ||
46,330 | Total District of Columbia | 51,326,820 | ||||
Florida – 3.5% | ||||||
4,250 | Alachua County Health Facilities Authority, Florida, Health Facilties Revenue Bonds, Shands Teaching Hospital & Clinics, Inc at the University of Florida Project, Refunding Series 2019B-2, 5.000%, 12/01/37 (Mandatory Put 12/01/26) | 6/26 at 100.00 | A | 5,080,067 | ||
Broward County, Florida, Airport System Revenue Bonds, Series 2015A: | ||||||
5,000 | 5.000%, 10/01/24 (AMT) | No Opt. Call | A1 | 5,739,050 | ||
5,725 | 5.000%, 10/01/25 (AMT) | No Opt. Call | A1 | 6,762,370 | ||
2,295 | 5.000%, 10/01/26 (AMT) | 10/25 at 100.00 | A1 | 2,726,460 | ||
4,110 | 5.000%, 10/01/27 (AMT) | 10/25 at 100.00 | A1 | 4,870,679 | ||
Broward County, Florida, Airport System Revenue Bonds, Series 2017: | ||||||
1,585 | 5.000%, 10/01/21 (AMT) | No Opt. Call | A1 | 1,620,567 | ||
1,000 | 5.000%, 10/01/23 (AMT) | No Opt. Call | A1 | 1,110,720 | ||
Cape Coral, Florida, Utility Improvement Assessment Bonds, Refunding Various Areas Series 2017: | ||||||
875 | 2.000%, 9/01/21 – AGM Insured | No Opt. Call | AA | 879,734 | ||
1,135 | 2.125%, 9/01/22 – AGM Insured | No Opt. Call | AA | 1,159,505 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
Citizens Property Insurance Corporation, Florida, Coastal Account Senior Secured Bonds, Series 2015A-1: | ||||||
$ 18,135 | 5.000%, 6/01/22 | 12/21 at 100.00 | AA | 18,709,698 | ||
10,845 | 5.000%, 6/01/25 | 12/24 at 100.00 | AA | 12,615,772 | ||
Clay County, Florida, Sales Surtax Revenue Bonds, Series 2020: | ||||||
1,855 | 5.000%, 10/01/27 | No Opt. Call | AA | 2,327,840 | ||
1,885 | 5.000%, 10/01/28 | No Opt. Call | AA | 2,408,483 | ||
1,740 | 5.000%, 10/01/29 | No Opt. Call | AA | 2,258,955 | ||
5,000 | Florida Department of Transportation, Full Faith and Credit Right-of-Way Acquisition and Bridge Construction Bonds, Refunding Series 2015A, 5.000%, 7/01/23 | No Opt. Call | AAA | 5,541,150 | ||
10,665 | Florida Department of Transportation, Full Faith and Credit Right-of-Way Acquisition and Bridge Construction Bonds, Refunding Series 2021B, 5.000%, 7/01/25 (WI/DD, Settling 4/08/21) | No Opt. Call | AAA | 12,705,816 | ||
Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project , Series 2019A: | ||||||
26,750 | 6.375%, 1/01/49 (AMT) (Mandatory Put 1/01/26), 144A | 5/21 at 104.00 | N/R | 26,081,785 | ||
24,930 | 6.500%, 1/01/49 (AMT) (Mandatory Put 1/01/29), 144A | 5/21 at 104.00 | N/R | 24,076,147 | ||
3,360 | Florida Housing Finance Corporation, Homeowner Mortgage Revenue Bonds, Series 2018-2, 3.750%, 7/01/33 | 1/28 at 100.00 | Aaa | 3,640,426 | ||
10,610 | Florida Housing Finance Corporation, Homeowner Mortgage Revenue Bonds, Series 2019-1, 2.800%, 7/01/34 | 7/28 at 100.00 | Aaa | 11,092,437 | ||
2,315 | Florida Housing Finance Corporation, Homeowner Mortgage Revenue Bonds, Social Series 2021-1, 1.800%, 7/01/36 | 1/30 at 100.00 | Aaa | 2,247,865 | ||
4,045 | Florida State Board of Education, Public Education Capital Outlay Bonds, Refunding Series 2017C, 5.000%, 6/01/28 | 6/27 at 100.00 | AAA | 5,091,320 | ||
8,280 | Florida State Department of Transportation Financing Corporation, Revenue Bonds, Series 2020, 5.000%, 7/01/23 | No Opt. Call | AA+ | 9,160,429 | ||
34,084 | Highlands County Health Facilities Authority, Florida, Hospital Revenue Bonds, Adventist Health System/Sunbelt Obligated Group, Refunding Series 2012, 2.025%, 11/15/26 (Mandatory Put 11/15/22) | 8/22 at 101.00 | N/R | 34,900,540 | ||
Manatee County School District, Florida, Sales Tax Revenue Bonds, Series 2017: | ||||||
3,135 | 5.000%, 10/01/23 – AGM Insured | No Opt. Call | AA | 3,454,958 | ||
2,750 | 5.000%, 10/01/25 – AGM Insured | No Opt. Call | AA | 3,217,857 | ||
2,320 | 5.000%, 10/01/26 – AGM Insured | No Opt. Call | AA | 2,785,021 | ||
2,010 | 5.000%, 10/01/27 – AGM Insured | 4/27 at 100.00 | AA | 2,431,839 | ||
2,850 | 5.000%, 10/01/28 – AGM Insured | 4/27 at 100.00 | AA | 3,523,569 | ||
2,340 | 5.000%, 10/01/29 – AGM Insured | 4/27 at 100.00 | AA | 2,881,125 | ||
Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Refunding Series 2014B: | ||||||
2,315 | 5.000%, 7/01/21 | No Opt. Call | A | 2,341,345 | ||
1,805 | 5.000%, 7/01/22 | No Opt. Call | A | 1,909,112 | ||
4,000 | 5.000%, 7/01/23 | No Opt. Call | A | 4,402,560 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
Orlando, Florida, Tourist Development Tax Revenue Bonds, 6th Cent Contract Payments, Refunding Senior Series 2017A: | ||||||
$ 2,000 | 5.000%, 11/01/29 – AGM Insured | 11/27 at 100.00 | AA | 2,506,020 | ||
9,215 | 5.000%, 11/01/30 – AGM Insured | 11/27 at 100.00 | AA | 11,497,740 | ||
Palm Beach County Solid Waste Authority, Florida, Revenue Bonds, Refunding Series 2011: | ||||||
85 | 5.000%, 10/01/25 (Pre-refunded 10/01/21) | 10/21 at 100.00 | N/R (5) | 87,001 | ||
4,915 | 5.000%, 10/01/25 | 10/21 at 100.00 | AA+ | 5,030,257 | ||
Port Saint Lucie, Florida, Utility System Revenue Bonds, Refunding Series 2014: | ||||||
500 | 5.000%, 9/01/22 | No Opt. Call | AA- | 532,860 | ||
510 | 5.000%, 9/01/23 | No Opt. Call | AA- | 565,758 | ||
South Miami Health Facilities Authority, Florida, Hospital Revenue Bonds, Baptist Health Systems of South Florida Obligated Group, Series 2017: | ||||||
1,280 | 5.000%, 8/15/21 | No Opt. Call | AA- | 1,301,453 | ||
440 | 5.000%, 8/15/22 | No Opt. Call | AA- | 467,504 | ||
1,780 | 5.000%, 8/15/23 | No Opt. Call | AA- | 1,970,389 | ||
2,000 | 5.000%, 8/15/24 | No Opt. Call | AA- | 2,294,160 | ||
5,500 | 5.000%, 8/15/25 | No Opt. Call | AA- | 6,513,375 | ||
5,780 | Tampa Bay, Florida, Regional Water Supply Authority, Utility System Revenue Bonds, Series 2015A, 5.000%, 10/01/26 | 10/25 at 100.00 | AA+ | 6,928,948 | ||
890 | Tampa, Florida, Cigarette Tax Allocation Bonds, H Lee Moffitt Cancer Center Project, Refunding & Capital Improvement Series 2012A, 5.000%, 9/01/21 | No Opt. Call | A+ | 906,937 | ||
545 | Tampa, Florida, Revenue Bonds, University of Tampa, Refunding Series 2015, 5.000%, 4/01/21 | No Opt. Call | A- | 545,000 | ||
115 | Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible, Capital Appreciation, Series 2012A-4, 0.000%, 5/01/40 (6) | 5/22 at 100.00 | N/R | 98,094 | ||
165 | Tolomato Community Development District, Florida, Special Assessment Bonds, Hope Note, Series 2007-3, 6.375%, 5/01/21 (7) | No Opt. Call | N/R | 2 | ||
460 | Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-1, 0.000%, 5/01/40 (6) | 5/21 at 100.00 | N/R | 438,053 | ||
280 | Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-2, 0.000%, 5/01/40 (6) | 5/21 at 100.00 | N/R | 207,477 | ||
305 | Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-3, 6.610%, 5/01/40 (7) | 5/21 at 100.00 | N/R | 3 | ||
250,764 | Total Florida | 271,646,232 | ||||
Georgia – 1.6% | ||||||
15,250 | Burke County Development Authority, Georgia, Pollution Control Revenue Bonds, Georgia Power Company Vogtle Plant, First Series 2008, 1.650%, 11/01/48 (Mandatory Put 6/18/21) | No Opt. Call | A- | 15,291,632 | ||
14,775 | Columbus Medical Center Hospital Authority, Georgia, Revenue Anticipation Certificates, Piedmont Health, Series 2019A, 5.000%, 7/01/54 (Mandatory Put 7/01/26) | 1/26 at 100.00 | AA- | 17,610,175 | ||
8,335 | Columbus Medical Center Hospital Authority, Georgia, Revenue Anticipation Certificates, Piedmont Health, Series 2019B, 5.000%, 7/01/54 (Mandatory Put 7/01/29) | 1/29 at 100.00 | AA- | 10,601,036 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Georgia (continued) | ||||||
$ 1,650 | DeKalb County, Georgia, Water and Sewerage Revenue Bonds, Refunding Second Resolution Series 2013, 5.000%, 10/01/22 | No Opt. Call | Aa3 | 1,769,213 | ||
4,000 | Fayette County Hospital Authority, Georgia, Revenue Anticipation Certificates, Piedmont Healthcare, Inc Project, Series 2019A, 5.000%, 7/01/54 (Mandatory Put 7/01/24) | 1/24 at 100.00 | AA- | 4,486,800 | ||
2,885 | Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2020A, 2.750%, 12/01/35 | 6/29 at 100.00 | AAA | 3,063,985 | ||
Georgia State Road and Tollway Authority, Federal Highway Grant Anticipation Revenue Bonds, Series 2020: | ||||||
4,500 | 5.000%, 6/01/21 | No Opt. Call | AA | 4,534,211 | ||
4,100 | 5.000%, 6/01/22 | No Opt. Call | AA | 4,329,982 | ||
3,500 | 5.000%, 6/01/23 | No Opt. Call | AA | 3,859,993 | ||
5,000 | 5.000%, 6/01/24 | No Opt. Call | AA | 5,726,466 | ||
10,615 | Georgia State, General Obligation Bonds, Series 2015A, 5.000%, 2/01/24 | No Opt. Call | AAA | 12,035,499 | ||
5,000 | Georgia State, General Obligation Bonds, Series 2017A, 5.000%, 2/01/32 | 2/27 at 100.00 | AAA | 6,115,200 | ||
4,505 | Georgia State, General Obligation Bonds, Tranche 1 Series 2016A, 5.000%, 2/01/25 | No Opt. Call | AAA | 5,293,555 | ||
6,015 | Georgia State, General Obligation Bonds, Tranche 2 Series 2016A, 5.000%, 2/01/28 | 2/26 at 100.00 | AAA | 7,240,737 | ||
11,700 | Main Street Natural Gas Inc, Georgia, Gas Supply Revenue Bonds, Series 2019B, 4.000%, 8/01/49 (Mandatory Put 12/02/24) | 9/24 at 100.43 | Aa1 | 13,025,493 | ||
9,860 | Main Street Natural Gas Inc, Georgia, Gas Supply Revenue Bonds, Series 2019C, 4.000%, 3/01/50 (Mandatory Put 9/01/26) | 6/26 at 100.50 | A3 | 11,369,073 | ||
2,390 | Private Colleges and Universities Authority, Georgia, Revenue Bonds, Emory University, Series 2020B, 5.000%, 9/01/25 | No Opt. Call | AA | 2,852,680 | ||
114,080 | Total Georgia | 129,205,730 | ||||
Hawaii – 0.5% | ||||||
17,130 | Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaiian Electric Company, Inc and Subsidiary Projects, Series 2017A, 3.100%, 5/01/26 (AMT) | No Opt. Call | A- | 18,679,922 | ||
Hawaii State, General Obligation Bonds, Series 2013EH: | ||||||
6,880 | 5.000%, 8/01/21 (ETM) | No Opt. Call | N/R (5) | 6,987,878 | ||
65 | 5.000%, 8/01/21 (ETM) | No Opt. Call | N/R (5) | 66,019 | ||
2,490 | HAWAIIAN ELECTRIC COMPANY INC and Its Subsidiaries, Special Purpose Revenue Bonds, Deparment of Budget and Finance of the State of Hawaii, Series 2015, 3.250%, 1/01/25 (AMT) | No Opt. Call | A- | 2,684,594 | ||
5,740 | Honolulu City and County, Hawaii, General Obligation Bonds, Refunding Series 2017D, 5.000%, 9/01/30 | 9/27 at 100.00 | Aa1 | 7,139,929 | ||
2,150 | Honolulu City and County, Hawaii, Wastewater System Revenue Bonds, First Bond Resolution, Refunding Senior Series 2015B, 5.000%, 7/01/26 | 7/25 at 100.00 | Aa2 | 2,550,244 | ||
34,455 | Total Hawaii | 38,108,586 | ||||
Idaho – 0.6% | ||||||
4,750 | Idaho Health Facilities Authority, Hospital Revenue Bonds, CHE Trinity Helath Group, Series 2013ID, 0.100%, 12/01/48 (Mandatory Put 5/03/21) | 5/20 at 100.00 | AA- | 4,749,963 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Idaho (continued) | ||||||
Idaho Health Facilities Authority, Revenue Bonds, Saint Luke's Health System Project, Series 2018A: | ||||||
$ 4,500 | 5.000%, 3/01/25 | No Opt. Call | A- | 5,226,300 | ||
6,020 | 5.000%, 3/01/26 | No Opt. Call | A- | 7,193,900 | ||
4,320 | 5.000%, 3/01/27 | No Opt. Call | A- | 5,287,637 | ||
4,815 | 5.000%, 3/01/29 | 9/28 at 100.00 | A- | 5,996,505 | ||
4,880 | 5.000%, 3/01/31 | 9/28 at 100.00 | A- | 6,000,399 | ||
12,935 | Nez Perce County, Idaho, Pollution Control Revenue Bonds, Potlatch Corporation Project, Refunding Series 2016, 2.750%, 10/01/24 | No Opt. Call | BBB- | 13,384,232 | ||
42,220 | Total Idaho | 47,838,936 | ||||
Illinois – 6.6% | ||||||
Adams County School District 172, Quincy, Illinois, General Obligation Bonds, Series 2016: | ||||||
580 | 4.000%, 2/01/22 – AGM Insured | No Opt. Call | AA | 597,557 | ||
1,290 | 5.000%, 2/01/25 – AGM Insured | No Opt. Call | AA | 1,491,304 | ||
1,455 | 5.000%, 2/01/27 – AGM Insured | 2/26 at 100.00 | AA | 1,738,405 | ||
419 | Cary, Illinois, Special Tax Bonds, Special Service Area 1, Refunding Series 2016, 2.000%, 3/01/22 – BAM Insured | No Opt. Call | AA | 423,332 | ||
295 | Cary, Illinois, Special Tax Bonds, Special Service Area 2, Refunding Series 2016, 2.000%, 3/01/22 – BAM Insured | No Opt. Call | AA | 298,050 | ||
Chanpaign County Community Unit School District 4, Illinois, General Obligation Bonds, School Building Series 2020A: | ||||||
400 | 0.000%, 1/01/22 | No Opt. Call | AA | 398,800 | ||
400 | 0.000%, 1/01/23 | No Opt. Call | AA | 396,252 | ||
550 | 0.000%, 1/01/26 | No Opt. Call | AA | 523,402 | ||
780 | 0.000%, 1/01/27 | No Opt. Call | AA | 727,631 | ||
585 | 0.000%, 1/01/28 | No Opt. Call | AA | 532,713 | ||
19,250 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017B, 6.750%, 12/01/30, 144A | 12/27 at 100.00 | BB- | 25,165,910 | ||
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017C: | ||||||
8,340 | 5.000%, 12/01/21 | No Opt. Call | BB | 8,592,535 | ||
12,000 | 5.000%, 12/01/22 | No Opt. Call | BB | 12,830,760 | ||
3,205 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2018A, 4.000%, 12/01/22 | No Opt. Call | BB | 3,374,256 | ||
4,800 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2018C, 5.000%, 12/01/22 | No Opt. Call | BB | 5,132,304 | ||
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2019A: | ||||||
1,065 | 0.000%, 12/01/25 | No Opt. Call | BB | 985,168 | ||
1,455 | 0.000%, 12/01/26 | No Opt. Call | BB | 1,301,978 | ||
3,250 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2021B, 5.000%, 12/01/31 | 12/30 at 100.00 | BB | 4,026,532 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Chicago, Illinois, General Obligation Bonds, Refunding Series 2016C: | ||||||
$ 1,910 | 5.000%, 1/01/23 (ETM) | No Opt. Call | N/R (5) | 2,067,995 | ||
4,360 | 5.000%, 1/01/23 | No Opt. Call | BBB+ | 4,648,022 | ||
7,445 | 5.000%, 1/01/24 | No Opt. Call | BBB+ | 8,192,627 | ||
4,205 | 5.000%, 1/01/25 | No Opt. Call | BBB+ | 4,754,930 | ||
1,855 | 5.000%, 1/01/26 | No Opt. Call | BBB+ | 2,147,589 | ||
Cook County High School District 212 Leyden, Illinois, General Obligation Bonds, Limited Tax Series 2016C: | ||||||
1,025 | 5.000%, 12/01/23 | No Opt. Call | AA | 1,141,665 | ||
1,800 | 5.000%, 12/01/25 | 12/24 at 100.00 | AA | 2,096,748 | ||
2,830 | Cook County Township High School District 225 Northfield, Illinois, General Obligation Bonds, Series 2016A, 5.000%, 12/01/22 | No Opt. Call | AAA | 3,052,410 | ||
Cook County, Illinois, General Obligation Bonds, Refunding Series 2012C: | ||||||
3,445 | 5.000%, 11/15/27 | 11/22 at 100.00 | A+ | 3,683,738 | ||
3,000 | 5.000%, 11/15/33 | 11/22 at 100.00 | A+ | 3,189,240 | ||
DuPage County School District 58 Downers Grove, Illinois, General Obligation Bonds, Limited Tax Capital Appreciation School Series 2018: | ||||||
1,000 | 0.000%, 12/15/26 | No Opt. Call | Aa1 | 926,800 | ||
1,050 | 0.000%, 12/15/27 | No Opt. Call | Aa1 | 948,864 | ||
8,080 | Grundy, Kendall, and Will Counties Community Consolidated School District 201, Minooka, Illinois, General Obligation Bonds, Refunding School Series 2019, 3.000%, 10/15/27 | 10/26 at 100.00 | AA- | 8,884,445 | ||
833 | Huntley, Illinois, Special Tax Bonds, Special Service Area 9, Refunding Series 2017, 2.200%, 3/01/22 – BAM Insured | No Opt. Call | AA | 842,663 | ||
20,800 | Illinois Development Finance Authority, Revenue Bonds, St Vincent de Paul Center Project, Series 2000A, 2.450%, 11/15/39 (Mandatory Put 3/03/26) | No Opt. Call | AA+ | 22,112,480 | ||
11,300 | Illinois Finance Authority, Midwestern Disaster Area Industrial Development Revenue Bonds, Cargill, Incorporated Project, Series 2012, 1.750%, 11/01/38 (Mandatory Put 11/01/21) | No Opt. Call | A | 11,377,970 | ||
10,155 | Illinois Finance Authority, Revenue Bonds, Ascension Health Alliance Senior Credit Group, Series 2012E-1, 2.250%, 11/15/42 (Mandatory Put 4/29/22) | No Opt. Call | AA+ | 10,379,933 | ||
Illinois Finance Authority, Revenue Bonds, Ascension Health/fkaPresence Health Network, Series 2016C: | ||||||
5,480 | 5.000%, 2/15/22 | No Opt. Call | AA+ | 5,708,132 | ||
4,010 | 5.000%, 2/15/23 | No Opt. Call | AA+ | 4,367,371 | ||
8,665 | Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2012, 5.000%, 9/01/27 | 9/22 at 100.00 | AA+ | 9,189,406 | ||
Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2014A: | ||||||
350 | 5.000%, 9/01/21 | No Opt. Call | AA+ | 356,804 | ||
770 | 5.000%, 9/01/22 | No Opt. Call | AA+ | 821,390 | ||
620 | 5.000%, 9/01/23 | No Opt. Call | AA+ | 689,372 | ||
2,240 | 5.000%, 9/01/24 | No Opt. Call | AA+ | 2,580,659 | ||
865 | 5.000%, 9/01/25 | 9/24 at 100.00 | AA+ | 990,537 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Illinois Finance Authority, Revenue Bonds, Mercy Health Corporation, Series 2016: | ||||||
$ 2,535 | 5.000%, 12/01/21 | No Opt. Call | A3 | 2,611,253 | ||
2,770 | 5.000%, 12/01/22 | No Opt. Call | A3 | 2,978,110 | ||
Illinois Finance Authority, Revenue Bonds, Northwest Community Hospital, Refunding Series 2016A: | ||||||
865 | 5.000%, 7/01/21 | No Opt. Call | A | 874,584 | ||
1,000 | 5.000%, 7/01/23 | No Opt. Call | A | 1,100,640 | ||
925 | 5.000%, 7/01/24 | No Opt. Call | A | 1,054,481 | ||
1,100 | Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2015A, 5.000%, 11/15/21 | No Opt. Call | A | 1,130,844 | ||
945 | Illinois FInance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises, Inc, Refunding Series 2017C, 5.000%, 3/01/25 | No Opt. Call | AA- | 1,103,883 | ||
Illinois Finance Authority, Revenue Bonds, Swedish Covenant Hospital, Series 2016A: | ||||||
1,400 | 5.000%, 8/15/21 (ETM) | No Opt. Call | AA- (5) | 1,424,598 | ||
1,000 | 5.000%, 8/15/22 (ETM) | No Opt. Call | AA- (5) | 1,064,490 | ||
1,020 | 5.000%, 8/15/24 (ETM) | No Opt. Call | AA- (5) | 1,176,856 | ||
2,000 | 5.000%, 8/15/25 (ETM) | No Opt. Call | AA- (5) | 2,382,020 | ||
3,000 | 5.000%, 8/15/26 (ETM) | No Opt. Call | AA- (5) | 3,684,660 | ||
3,265 | Illinois Finance Authority, Revenue Bonds, University of Chicago, Series 2021A, 5.000%, 10/01/25 (WI/DD, Settling 7/06/21) | No Opt. Call | AA+ | 3,840,296 | ||
2,100 | Illinois Finance Authority, Water Facilities Revenue Bonds, American Water Capital Corporation Project, Refunding Series 2020, 0.700%, 5/01/40 (Mandatory Put 9/01/23) | No Opt. Call | A | 2,097,669 | ||
1,545 | Illinois Housing Development Authority, Homeowner Mortgage Revenue Bonds, Series 2018A, 3.500%, 8/01/31 | 8/27 at 100.00 | AA | 1,680,512 | ||
Illinois Municipal Electric Agency, Power Supply System Revenue Bonds, Refunding Series 2015A: | ||||||
5,115 | 5.000%, 2/01/22 | No Opt. Call | A1 | 5,308,756 | ||
2,600 | 5.000%, 2/01/25 | No Opt. Call | A1 | 3,005,730 | ||
5,000 | Illinois State, General Obligation Bonds, December Series 2017A, 5.000%, 12/01/24 | No Opt. Call | BBB- | 5,692,400 | ||
4,250 | Illinois State, General Obligation Bonds, February Series 2014, 5.000%, 2/01/22 | No Opt. Call | BBB- | 4,403,340 | ||
Illinois State, General Obligation Bonds, November Series 2017D: | ||||||
4,875 | 5.000%, 11/01/21 | No Opt. Call | BBB- | 4,998,435 | ||
19,070 | 5.000%, 11/01/22 | No Opt. Call | BBB- | 20,331,099 | ||
28,680 | 5.000%, 11/01/23 | No Opt. Call | BBB- | 31,608,802 | ||
11,205 | 5.000%, 11/01/24 | No Opt. Call | BBB- | 12,668,373 | ||
635 | 5.000%, 11/01/25 | No Opt. Call | BBB- | 734,676 | ||
7,385 | 3.250%, 11/01/26 | No Opt. Call | BBB- | 8,085,763 | ||
5,605 | 5.000%, 11/01/26 | No Opt. Call | BBB- | 6,603,867 | ||
15,335 | 5.000%, 11/01/27 | No Opt. Call | BBB- | 18,279,780 | ||
9,100 | 5.000%, 11/01/28 | 11/27 at 100.00 | BBB- | 10,742,550 | ||
5,000 | Illinois State, General Obligation Bonds, November Series 2019B, 5.000%, 11/01/30 | 11/29 at 100.00 | BBB- | 6,109,200 | ||
10,610 | Illinois State, General Obligation Bonds, October Series 2016, 5.000%, 2/01/28 | 2/27 at 100.00 | BBB- | 12,463,673 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Illinois State, General Obligation Bonds, Refunding March Series 2021C: | ||||||
$ 8,000 | 4.000%, 3/01/22 | No Opt. Call | BBB- | 8,244,202 | ||
7,500 | 4.000%, 3/01/23 | No Opt. Call | BBB- | 7,957,632 | ||
3,300 | 4.000%, 3/01/24 | No Opt. Call | BBB- | 3,587,044 | ||
Illinois State, General Obligation Bonds, Series 2013: | ||||||
4,205 | 5.000%, 7/01/21 | No Opt. Call | BBB- | 4,250,246 | ||
3,505 | 5.500%, 7/01/25 | 7/23 at 100.00 | BBB- | 3,842,496 | ||
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Refunding Senior Lien Series 2014A: | ||||||
1,855 | 5.000%, 12/01/21 | No Opt. Call | AA- | 1,913,284 | ||
2,325 | 5.000%, 12/01/22 | No Opt. Call | AA- | 2,507,722 | ||
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Refunding Senior Lien Series 2019C: | ||||||
5,000 | 5.000%, 1/01/27 | No Opt. Call | AA- | 6,167,750 | ||
10,000 | 5.000%, 1/01/28 | No Opt. Call | AA- | 12,604,600 | ||
11,970 | Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2014D, 5.000%, 1/01/24 | No Opt. Call | AA- | 13,465,173 | ||
Kane County Community Unit School District 304 Geneva, Illinois, General Obligation Bonds, Refunding Series 2016: | ||||||
2,520 | 5.000%, 1/01/26 | No Opt. Call | AA+ | 3,008,754 | ||
5,080 | 5.000%, 1/01/27 | 1/26 at 100.00 | AA+ | 6,120,435 | ||
LaSalle and Bureau Counties High School District 120 LaSalle-Peru, Illinois, General Obligation Bonds, School Building Series 2017: | ||||||
980 | 5.000%, 12/01/21 – BAM Insured | No Opt. Call | AA | 1,007,567 | ||
1,000 | 5.000%, 12/01/22 – BAM Insured | No Opt. Call | AA | 1,074,260 | ||
1,085 | 5.000%, 12/01/23 – BAM Insured | No Opt. Call | AA | 1,210,328 | ||
1,235 | 5.000%, 12/01/26 – BAM Insured | No Opt. Call | AA | 1,506,379 | ||
LaSalle County, Illinois, General Obligation Bonds, Self-Insurance Series 2019: | ||||||
1,495 | 4.000%, 12/01/25 | No Opt. Call | Aa2 | 1,701,370 | ||
1,770 | 4.000%, 12/01/26 | No Opt. Call | Aa2 | 2,053,377 | ||
Madison, Macoupin, Jersey, Calhoun, Morgan, Scott, and Greene Counties Community College District 536, Illinois, General Obligation Bonds, Lewis & Clark Community College, Refunding Series 2020: | ||||||
350 | 4.000%, 5/01/21 – AGM Insured | No Opt. Call | AA | 350,931 | ||
250 | 4.000%, 5/01/22 – AGM Insured | No Opt. Call | AA | 259,838 | ||
350 | 4.000%, 5/01/23 – AGM Insured | No Opt. Call | AA | 374,661 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Series 2017B: | ||||||
$ 775 | 5.000%, 12/15/25 | No Opt. Call | BBB | 904,526 | ||
1,925 | 5.000%, 12/15/26 | No Opt. Call | BBB | 2,295,081 | ||
360 | 5.000%, 12/15/27 | No Opt. Call | BBB | 438,559 | ||
1,945 | 5.000%, 12/15/28 | 12/27 at 100.00 | BBB | 2,351,486 | ||
650 | 5.000%, 12/15/30 | 12/27 at 100.00 | BBB | 782,626 | ||
Montgomery, Illinois, Lakewood Creek Project Special Assessment Bonds, Series 2018: | ||||||
364 | 2.450%, 3/01/22 – BAM Insured | No Opt. Call | AA | 369,172 | ||
351 | 2.850%, 3/01/24 – BAM Insured | No Opt. Call | AA | 369,136 | ||
North Barrington, Lake County, Illinois, Special Tax Bonds, Special Service Area 19, Refunding Series 2019: | ||||||
1,000 | 4.000%, 2/01/33 – BAM Insured | 2/28 at 100.00 | AA | 1,125,030 | ||
1,000 | 4.000%, 2/01/36 – BAM Insured | 2/28 at 100.00 | AA | 1,115,970 | ||
1,895 | 4.000%, 2/01/40 – BAM Insured | 2/28 at 100.00 | AA | 2,094,619 | ||
2,000 | 4.000%, 2/01/44 – BAM Insured | 2/28 at 100.00 | AA | 2,187,780 | ||
280 | Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series 2010, 5.250%, 6/01/21 | No Opt. Call | A | 282,134 | ||
Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series 2017: | ||||||
4,250 | 5.000%, 6/01/22 | No Opt. Call | A | 4,473,380 | ||
2,245 | 5.000%, 6/01/23 | No Opt. Call | A | 2,459,532 | ||
2,555 | 5.000%, 6/01/24 | No Opt. Call | A | 2,895,122 | ||
5,980 | 5.000%, 6/01/25 | No Opt. Call | A | 6,979,736 | ||
Round Lake, Lake County, Illinois, Special Tax Bonds, Lakewood Grove Special Service Areas 1, 3 & 4, Refunding Series 2017: | ||||||
1,009 | 2.850%, 3/01/22 – BAM Insured | No Opt. Call | AA | 1,024,952 | ||
1,133 | 3.200%, 3/01/24 – BAM Insured | No Opt. Call | AA | 1,203,201 | ||
1,000 | 3.300%, 3/01/25 – BAM Insured | No Opt. Call | AA | 1,080,900 | ||
1,258 | 3.450%, 3/01/26 – BAM Insured | No Opt. Call | AA | 1,383,309 | ||
1,218 | 3.600%, 3/01/28 – BAM Insured | 3/27 at 100.00 | AA | 1,352,102 | ||
Sales Tax Securitization Corporation, Illinois, Sales Tax Securitzation Bonds, Second Lien Series 2020A: | ||||||
4,500 | 5.000%, 1/01/25 | No Opt. Call | AA- | 5,166,000 | ||
5,750 | 5.000%, 1/01/26 | No Opt. Call | AA- | 6,785,920 | ||
2,255 | 5.000%, 1/01/28 | No Opt. Call | AA- | 2,781,091 | ||
Southwestern Illinois Development Authority, Health Facility Revenue Bonds, Hospital Sisters Services, Inc Obligated Group, Series 2017A: | ||||||
2,690 | 5.000%, 2/15/26 | No Opt. Call | A+ | 3,220,333 | ||
3,590 | 5.000%, 2/15/27 | No Opt. Call | A+ | 4,400,766 | ||
2,565 | Springfield, Illinois, Electric Revenue Bonds, Refunding Senior Lien Series 2015, 5.000%, 3/01/22 | No Opt. Call | A | 2,671,294 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Winnebago-Boone Counties School District 205 Rockford, Illinois, General Obligation Bonds, Series 2013: | ||||||
$ 6,220 | 0.000%, 2/01/22 | No Opt. Call | A+ | 6,189,087 | ||
6,820 | 0.000%, 2/01/23 | No Opt. Call | A+ | 6,728,135 | ||
469,505 | Total Illinois | 521,249,047 | ||||
Indiana – 2.3% | ||||||
2,200 | Hobart Building Corporation, Indiana, First Mortgage Revenue Bonds, Refunding Series 2016, 5.000%, 1/15/22 | No Opt. Call | AA+ | 2,280,080 | ||
Indiana Bond Bank, Advance Funding Program Notes, Series 2021A: | ||||||
15,020 | 2.000%, 1/10/22 | 1/22 at 100.00 | N/R | 15,228,964 | ||
2,000 | 2.000%, 1/10/22 | 7/21 at 100.00 | N/R | 2,009,913 | ||
4,570 | Indiana Finance Authority, Environmental Facilities Revenue Bonds, Indianapolis Power & Light Company Project, Refunding Series 2020A, 0.950%, 12/01/38 (Mandatory Put 4/01/26) (AMT) | No Opt. Call | A2 | 4,501,014 | ||
1,100 | Indiana Finance Authority, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Refunding Series 2021A, 4.125%, 12/01/26 | No Opt. Call | B- | 1,159,504 | ||
12,500 | Indiana Finance Authority, Hospital Revenue Bonds, Indiana Unversity Health Obligation Group, Long Term Rate Series 2019B, 2.250%, 12/01/58 (Mandatory Put 7/01/25) | 1/25 at 100.00 | AA | 13,185,625 | ||
10,500 | Indiana Finance Authority, Hospital Revenue Bonds, Indiana Unversity Health Obligation Group, Refunding 2015B, 1.650%, 12/01/42 (Pre-refunded 1/01/22) (Mandatory Put 7/01/22) | 1/22 at 100.00 | AA (5) | 10,616,970 | ||
Indiana Finance Authority, Hospital Revenue Bonds, Major Hospital Project, Series 2014A: | ||||||
435 | 4.000%, 10/01/21 (ETM) | No Opt. Call | N/R (5) | 443,330 | ||
145 | 5.000%, 10/01/23 (ETM) | No Opt. Call | N/R (5) | 162,386 | ||
Indiana Finance Authority, Hospital Revenue Bonds, Parkview Health System Obligated Group, Refunding Series 2012A: | ||||||
65 | 5.000%, 5/01/21 | No Opt. Call | N/R | 65,228 | ||
1,935 | 5.000%, 5/01/21 | No Opt. Call | AA- | 1,941,695 | ||
5,000 | Indiana Finance Authority, State Revolving Fund Program Bonds, Series 2011, 5.000%, 2/01/26 (Pre-refunded 2/01/22) | 2/22 at 100.00 | AAA | 5,202,154 | ||
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2015A: | ||||||
700 | 5.000%, 10/01/23 | No Opt. Call | AA | 783,433 | ||
1,000 | 5.000%, 10/01/24 | No Opt. Call | AA | 1,160,590 | ||
1,800 | 5.000%, 10/01/25 | 10/24 at 100.00 | AA | 2,084,238 | ||
1,240 | 5.000%, 10/01/26 | 10/24 at 100.00 | AA | 1,433,961 | ||
850 | 5.000%, 10/01/27 | 10/24 at 100.00 | AA | 980,492 | ||
Indiana Health Facility Financing Authority, Revenue Bonds, Ascension Health, Series 2011A-2: | ||||||
70 | 2.000%, 11/15/36 (Pre-refunded 2/01/23) | 2/23 at 100.00 | N/R (5) | 71,979 | ||
9,930 | 2.000%, 11/15/36 (Mandatory Put 2/01/23) | No Opt. Call | AA+ | 10,227,006 | ||
2,500 | Indiana Housing and Community Development Authority, Single Family Mortgage Revenue Bonds, Series 2020A, 2.550%, 7/01/35 | 7/29 at 100.00 | Aaa | 2,599,150 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Indiana (continued) | ||||||
$ 3,500 | Indiana Housing and Community Development Authority, Single Family Mortgage Revenue Bonds, Series 2020B-1, 1.950%, 7/01/35 | 7/29 at 100.00 | Aaa | 3,506,685 | ||
1,250 | Indiana Housing and Community Development Authority, Single Family Mortgage Revenue Bonds, Series 2021A, 1.900%, 7/01/36 | 7/30 at 100.00 | Aaa | 1,238,190 | ||
260 | Indiana State University Board of Trustees, Indiana State University Housing and Dining System Revenue Bonds, Series 2014, 4.000%, 4/01/22 | No Opt. Call | AA- | 269,438 | ||
8,000 | Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project, Series 2007B, 5.250%, 7/01/24 – NPFG Insured | No Opt. Call | AA | 9,197,760 | ||
3,000 | Indianapolis, Indiana, Gas Utility Distribution System Revenue Bonds, Citizens Energy Group, Refunding 2nd Lien Series 2020A, 5.000%, 8/15/22 | No Opt. Call | AA | 3,197,310 | ||
10,675 | Indianapolis, Indiana, Gas Utility Distribution System Revenue Bonds, Refunding 2nd Lien Series 2017A, 5.000%, 8/15/25 | No Opt. Call | AA | 12,692,468 | ||
Indianapolis, Indiana, Thermal Energy System Revenue Bonds, Refunding First Lien Series 2014A: | ||||||
450 | 5.000%, 10/01/21 | No Opt. Call | A+ | 460,503 | ||
490 | 5.000%, 10/01/22 | No Opt. Call | A+ | 524,491 | ||
710 | 5.000%, 10/01/23 | No Opt. Call | A+ | 787,674 | ||
445 | 5.000%, 10/01/24 | No Opt. Call | A+ | 510,446 | ||
525 | 5.000%, 10/01/25 | 10/24 at 100.00 | A+ | 606,317 | ||
760 | 5.000%, 10/01/26 | 10/24 at 100.00 | A+ | 876,881 | ||
Indianapolis, Indiana, Thermal Energy System Revenue Bonds, Refunding First Lien Series 2016A: | ||||||
2,065 | 5.000%, 10/01/21 | No Opt. Call | A+ | 2,113,197 | ||
4,635 | 5.000%, 10/01/22 | No Opt. Call | A+ | 4,961,258 | ||
10,000 | 5.000%, 10/01/23 | No Opt. Call | A+ | 11,094,000 | ||
5,525 | Mount Vernon, Indiana, Environmental Improvement Revenue Bonds, Southern Indiana Gas and Electric Company Project, Refunding Series 2015, 0.875%, 9/01/55 (Mandatory Put 9/01/23) (AMT) | No Opt. Call | A1 | 5,526,105 | ||
1,000 | Richmond Hospital Authority, Indiana, Revenue Bonds, Reid Hospital Project, Refunding Series 2015A, 5.000%, 1/01/22 | No Opt. Call | A | 1,033,820 | ||
2,500 | Rockport, Indiana, Pollution Control Revenue Bonds, AEP Generating Company Project, Refunding Series 1995A, 1.350%, 7/01/25 (Mandatory Put 9/01/22) | No Opt. Call | A- | 2,517,400 | ||
2,750 | Rockport, Indiana, Pollution Control Revenue Bonds, AEP Generating Company Project, Refunding Series 1995B, 1.350%, 7/01/25 (Mandatory Put 9/01/22) | No Opt. Call | A- | 2,769,305 | ||
2,665 | Rockport, Indiana, Pollution Control Revenue Refunding Bonds, Indiana Michigan Power Company Project, Series 2008D, 2.050%, 4/01/25 (Mandatory Put 6/01/21) | No Opt. Call | A- | 2,671,236 | ||
13,020 | Rockport, Indiana, Pollution Control Revenue Refunding Bonds, Indiana Michigan Power Company, Series 2002A, 2.750%, 6/01/25 | No Opt. Call | A- | 14,120,971 | ||
1,595 | Vanderburgh County,Indiana, Redevelopment District Tax Increment Revenue bonds, Refunding Series 2014, 4.000%, 2/01/24 | No Opt. Call | A | 1,743,255 | ||
3,485 | Warrick County, Indiana, Environmental Improvement Revenue Bonds, Southern Indiana Gas and Electric Company, Series 2015, 0.875%, 9/01/55 (Mandatory Put 9/01/23) (AMT) | No Opt. Call | A1 | 3,485,697 | ||
10,000 | Whiting, Indiana, Environmental Facilities Revenue Bonds, BP Products North America Inc Project, Series 2015, 5.000%, 11/01/45 (Mandatory Put 11/01/22) (AMT) | No Opt. Call | A2 | 10,718,500 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Indiana (continued) | ||||||
$ 10,320 | Whiting, Indiana, Environmental Facilities Revenue Bonds, BP Products North America Inc Project, Series 2016A, 5.000%, 3/01/46 (Mandatory Put 3/01/23) (AMT) | No Opt. Call | A2 | 11,199,574 | ||
173,185 | Total Indiana | 183,960,193 | ||||
Iowa – 0.4% | ||||||
Des Moines Metropolitan Wastewater Reclamation Authority, Iowa, Sewer Revenue Bonds, Refunding Series 2021A: | ||||||
2,450 | 5.000%, 6/01/24 (WI/DD, Settling 4/06/21) | No Opt. Call | AA | 2,805,657 | ||
2,575 | 5.000%, 6/01/25 (WI/DD, Settling 4/06/21) | No Opt. Call | AA | 3,049,185 | ||
2,145 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Refunding Series 2019, 3.125%, 12/01/22 | 4/21 at 103.00 | BB- | 2,186,162 | ||
4,900 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2013, 5.250%, 12/01/25 | 12/23 at 100.00 | BB- | 5,369,763 | ||
9,730 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2018A, 5.250%, 12/01/50 (Mandatory Put 12/01/33) | 12/22 at 103.00 | BB- | 10,583,516 | ||
3,000 | Iowa Finance Authority, Single Family Mortgage Revenue Bonds, Mortgage-Backed Securities Program, Green Series 2021A, 1.850%, 7/01/35 | 7/30 at 100.00 | AAA | 2,961,128 | ||
2,220 | Iowa Finance Authority, Single Family Mortgage Revenue Bonds, Series 2019D, 2.450%, 7/01/34 | 1/29 at 100.00 | AAA | 2,288,221 | ||
2,335 | Iowa Finance Authority, Single Family Mortgage Revenue Bonds, Series 2020A, 2.500%, 1/01/35 | 7/29 at 100.00 | AAA | 2,444,091 | ||
29,355 | Total Iowa | 31,687,723 | ||||
Kansas – 0.1% | ||||||
4,665 | Olathe, Kansas, General Obligation Bonds, Temporary Notes Series 2020A, 3.000%, 8/01/21 | No Opt. Call | N/R | 4,707,545 | ||
Kentucky – 2.8% | ||||||
3,000 | Carroll County, Kentucky, Environmental Facilities Revenue Bonds, Kentucky Utilities Company Project, Refunding Series 2006B, 1.200%, 10/01/34 (Mandatory Put 6/01/21) (AMT) | No Opt. Call | A1 | 3,004,080 | ||
6,025 | Carroll County, Kentucky, Environmental Facilities Revenue Bonds, Kentucky Utilities Company Project, Series 2004A, 1.750%, 10/01/34 (Mandatory Put 9/01/26) (AMT) | No Opt. Call | A1 | 6,025,904 | ||
15,000 | Carroll County, Kentucky, Pollution Control Revenue Bonds, Kentucky Utilities Company Project, Refunding Series 2016A, 1.550%, 9/01/42 (Mandatory Put 9/01/26) | No Opt. Call | A1 | 14,923,950 | ||
Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Health, Refunding Series 2017A: | ||||||
1,500 | 5.000%, 6/01/21 | No Opt. Call | Baa2 | 1,508,790 | ||
1,375 | 5.000%, 6/01/22 | No Opt. Call | Baa2 | 1,433,451 | ||
6,000 | 5.000%, 6/01/24 | No Opt. Call | Baa2 | 6,635,940 | ||
4,200 | 5.000%, 6/01/25 | No Opt. Call | Baa2 | 4,747,848 | ||
9,705 | Kentucky Economic Development Finance Authority, Revenue Bonds, Catholic Health Initiatives, Refunding Series 2009B, 2.700%, 5/01/39 (Mandatory Put 11/10/21) | No Opt. Call | BBB+ | 9,812,822 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Kentucky (continued) | ||||||
Louisville/Jefferson County Metro Government, Kentucky, Revenue Bonds, Catholic Health Initiatives, Series 2012A: | ||||||
$ 3,025 | 5.000%, 12/01/23 (Pre-refunded 6/01/22) | 6/22 at 100.00 | BBB+ (5) | 3,192,494 | ||
2,995 | 5.000%, 12/01/24 (Pre-refunded 6/01/22) | 6/22 at 100.00 | BBB+ (5) | 3,160,833 | ||
6,130 | Louisville-Jefferson County Metropolitan Government, Kentucky, Environmental Facilities Revenue, Louisville Gas & Electric Company Project, Refunding Series 2007A, 1.650%, 6/01/33 (Mandatory Put 6/01/21) | No Opt. Call | A1 | 6,142,996 | ||
4,000 | Louisville-Jefferson County Metropolitan Government, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2001A, 0.900%, 9/01/26 | No Opt. Call | A1 | 3,963,560 | ||
Louisville-Jefferson County Metropolitan Government, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2001B: | ||||||
8,000 | 1.350%, 11/01/27 (AMT) (WI/DD, Settling 5/03/21) | No Opt. Call | A1 | 7,969,230 | ||
7,500 | 2.550%, 11/01/27 (AMT) (Mandatory Put 5/03/21) | No Opt. Call | A1 | 7,513,200 | ||
18,000 | Louisville-Jefferson County Metropolitan Government, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2005A, 1.750%, 2/01/35 (Mandatory Put 7/01/26) | No Opt. Call | A1 | 18,300,960 | ||
24,685 | Northern Kentucky Water District, Revenue Bonds, Bond Anticipation Note Series 2021A, 0.375%, 2/01/23 | 8/22 at 100.00 | N/R | 24,712,662 | ||
3,345 | Oldham County School District Finance Corporation, Kentucky, School Building Revenue Bonds, Refunding Second Series 2016, 4.000%, 9/01/27 | No Opt. Call | A1 | 3,934,255 | ||
2,500 | Owen County, Kentucky, Water Facilities Revenue Bonds, Kentucky-American Water Company Project, Refunding Series 2020, 0.700%, 6/01/40 (Mandatory Put 9/01/23) | No Opt. Call | A | 2,494,850 | ||
25,035 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018A, 4.000%, 4/01/48 (Mandatory Put 4/01/24) | 1/24 at 100.37 | A2 | 27,447,373 | ||
8,970 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018B, 4.000%, 1/01/49 (Mandatory Put 1/01/25) | 10/24 at 100.24 | A2 | 9,927,817 | ||
5,010 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018C-1, 4.000%, 12/01/49 (Mandatory Put 6/01/25) | 3/25 at 100.19 | A1 | 5,639,607 | ||
5,100 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2019C-1, 4.000%, 2/01/50 (Mandatory Put 2/01/28) | 11/27 at 100.47 | A1 | 5,981,076 | ||
Trimble County, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2001B: | ||||||
7,400 | 1.350%, 11/01/27 (AMT) (WI/DD, Settling 5/03/21) | No Opt. Call | A1 | 7,371,537 | ||
8,050 | 2.550%, 11/01/27 (AMT) (Mandatory Put 5/03/21) | No Opt. Call | A1 | 8,064,168 | ||
6,765 | Trimble County, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2002A, 2.300%, 9/01/26 (Mandatory Put 9/01/21) | No Opt. Call | A1 | 6,821,420 | ||
18,165 | Trimble County, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2016A, 1.300%, 9/01/44 (Mandatory Put 9/01/27) (AMT) | No Opt. Call | A1 | 17,982,805 | ||
3,380 | Warren County, Kentucky, Hospital Revenue Bonds, Bowling Green-Warren County Community Hospital Corporation, Refunding Series 2013, 5.000%, 4/01/23 (ETM) | No Opt. Call | A+ (5) | 3,545,113 | ||
214,860 | Total Kentucky | 222,258,741 | ||||
Louisiana – 4.1% | ||||||
2,140 | East Baton Rouge Parish, Louisiana, Sales Tax Revenue Bonds, Refunding Road & Street Improvement Series 2015, 5.000%, 8/01/22 | No Opt. Call | AA | 2,269,085 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Louisiana (continued) | ||||||
Louisiana Citizens Property Insurance Corporation, Assessment Revenue Bonds, Refunding Series 2015: | ||||||
$ 2,080 | 5.000%, 6/01/21 – AGM Insured | No Opt. Call | AA | 2,095,746 | ||
2,595 | 5.000%, 6/01/22 – AGM Insured | No Opt. Call | AA | 2,739,931 | ||
Louisiana Citizens Property Insurance Corporation, Assessment Revenue Bonds, Refunding Series 2016A: | ||||||
33,425 | 5.000%, 6/01/23 | No Opt. Call | A1 | 36,513,136 | ||
9,040 | 5.000%, 6/01/24 | No Opt. Call | A1 | 10,219,178 | ||
Louisiana Local Government Environmental Facilities and Community Development Authority, Louisiana, Revenue Bonds, Womans Hospital Foundation Project, Refunding Series 2017A: | ||||||
1,000 | 3.000%, 10/01/22 | No Opt. Call | A | 1,038,700 | ||
1,800 | 5.000%, 10/01/23 | No Opt. Call | A | 1,996,920 | ||
1,095 | 5.000%, 10/01/24 | No Opt. Call | A | 1,253,589 | ||
3,000 | 4.000%, 10/01/25 | No Opt. Call | A | 3,404,760 | ||
2,245 | Louisiana Local Government Environmental Facilities and Community Development Authority, Revenue Bonds, East Baton Rouge Parish Road Improvements Project, Series 2015, 5.000%, 8/01/24 | No Opt. Call | AA | 2,582,311 | ||
24,310 | Louisiana Local Government Environmental Facilities and Community Development Authority, Revenue Bonds, Westlake Chemical Corporation Projects, Refunding Series 2017, 3.500%, 11/01/32 | 11/27 at 100.00 | Baa2 | 26,812,957 | ||
6,070 | Louisiana Offshore Terminal Authority, Deepwater Port Revenue Bonds, Loop LLC Project, Series 2007A, 1.650%, 9/01/27 (Mandatory Put 12/01/23) | No Opt. Call | A3 | 6,163,781 | ||
7,025 | Louisiana Offshore Terminal Authority, Deepwater Port Revenue Bonds, Loop LLC Project, Series 2013A, 1.650%, 9/01/33 (Mandatory Put 12/01/23) | No Opt. Call | A3 | 7,133,536 | ||
1,050 | Louisiana Publc Facilities Authority, Lousiana, Revenue Bonds, Ochsner Clinic Foundation Project, Refunding Series 2017, 5.000%, 5/15/22 | No Opt. Call | A | 1,103,245 | ||
9,010 | Louisiana Publc Facilities Authority, Lousiana, Revenue Bonds, Ochsner Clinic Foundation Project, Series 2020B, 5.000%, 5/15/50 (Mandatory Put 5/15/25) | 11/24 at 102.04 | A | 10,536,384 | ||
29,790 | Louisiana Public Facilities Authority, Hospital Revenue Bonds, Louisiana Children's Medical Center Hospital, Series 2015A-1 Fixed Rate Mode, 5.000%, 6/01/45 (Mandatory Put 6/01/25) | No Opt. Call | A+ | 34,783,698 | ||
7,165 | Louisiana Public Facilities Authority, Hospital Revenue Bonds, Louisiana Children's Medical Center Hospital, Series 2015A-3 Term Rate Mode, 5.000%, 6/01/45 (Mandatory Put 6/01/23) | No Opt. Call | A+ | 7,864,376 | ||
1,650 | Louisiana Public Facilities Authority, Revenue Bonds, Tulane University, Refunding Series 2016A, 5.000%, 12/15/21 | No Opt. Call | A | 1,703,856 | ||
Louisiana Public Facilities Authority, Revenue Bonds, University of New Orleans Research and Technology Foundation, Inc- Student Housing Project, Refunding Series 2014: | ||||||
710 | 5.000%, 9/01/21 – AGM Insured | No Opt. Call | AA | 721,949 | ||
580 | 5.000%, 9/01/22 – AGM Insured | No Opt. Call | AA | 613,553 | ||
1,445 | 5.000%, 9/01/23 – AGM Insured | No Opt. Call | AA | 1,596,739 | ||
1,565 | 5.000%, 9/01/24 – AGM Insured | No Opt. Call | AA | 1,789,280 | ||
2,020 | Louisiana Stadium and Exposition District, Revenue Bonds, Bond Anticipation Notes Series 2020, 5.000%, 7/03/23 | 1/23 at 100.00 | AA- | 2,176,934 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Louisiana (continued) | ||||||
Louisiana Stadium and Exposition District, Revenue Refunding Bonds, Senior Lien Series 2013A: | ||||||
$ 7,265 | 5.000%, 7/01/26 | 7/23 at 100.00 | AA- | 7,987,577 | ||
1,345 | 5.000%, 7/01/29 | 7/23 at 100.00 | AA- | 1,478,626 | ||
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Refunding Second Lien Series 2017C: | ||||||
2,545 | 5.000%, 5/01/29 | 11/27 at 100.00 | AA- | 3,205,835 | ||
3,000 | 5.000%, 5/01/30 | 11/27 at 100.00 | AA- | 3,768,300 | ||
3,070 | 5.000%, 5/01/31 | 11/27 at 100.00 | AA- | 3,842,719 | ||
15,000 | Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Refunding Second Lien Series 2017D-1, 0.600%, 5/01/43 (Mandatory Put 5/01/23) | 5/22 at 100.00 | Aa3 | 14,994,000 | ||
7,690 | Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Refunding Second Lien Series 2017D-2, 0.550%, 5/01/43 (Mandatory Put 5/01/22) | 5/21 at 100.00 | Aa3 | 7,690,538 | ||
3,570 | Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Refunding Series 2012A-1, 5.000%, 5/01/21 | No Opt. Call | Aa2 | 3,582,602 | ||
7,015 | Louisiana State, General Obligation Bonds, Refunding Series 2014C, 5.000%, 8/01/22 | No Opt. Call | AA- | 7,465,152 | ||
6,245 | Louisiana State, General Obligation Bonds, Series 2015A, 5.000%, 5/01/23 | No Opt. Call | AA- | 6,866,690 | ||
3,600 | New Orleans, Louisiana, General Obligation Bonds, Refunding Series 2012, 5.000%, 12/01/21 | No Opt. Call | AA- | 3,712,644 | ||
2,000 | New Orleans, Louisiana, General Obligation Bonds, Refunding Series 2015, 5.000%, 12/01/21 | No Opt. Call | AA- | 2,062,580 | ||
2,780 | New Orleans, Louisiana, General Obligation Bonds, Series 1998, 5.500%, 12/01/21 – FGIC Insured | No Opt. Call | A2 | 2,876,094 | ||
New Orleans, Louisiana, Sewerage Service Revenue Bonds, Series 2015: | ||||||
1,040 | 5.000%, 6/01/24 | No Opt. Call | A | 1,177,748 | ||
575 | 5.000%, 6/01/26 | 6/25 at 100.00 | A | 677,034 | ||
6,410 | Saint Charles Parish, Louisiana, Gulf Opportunity Zone Revenue Bonds, Valero Project, Series 2010, 4.000%, 12/01/40 (Mandatory Put 6/01/22) | No Opt. Call | BBB | 6,672,361 | ||
2,780 | Saint James Parish, Louisiana, Revenue Bonds, NuStar Logistics, LP Project, Series 2008, 6.100%, 6/01/38 (Mandatory Put 6/01/30), 144A | No Opt. Call | BB- | 3,483,062 | ||
3,665 | Saint James Parish, Louisiana, Revenue Bonds, NuStar Logistics, LP Project, Series 2011, 5.850%, 8/01/41 (Mandatory Put 6/01/25), 144A | No Opt. Call | BB- | 4,141,963 | ||
19,925 | Saint John the Baptist Parish, Louisiana, Revenue Bonds, Marathon Oil Corporation Project, Refunding Series 2017A-1, 2.000%, 6/01/37 (Mandatory Put 4/01/23) | No Opt. Call | BBB- | 20,332,068 | ||
18,030 | Saint John the Baptist Parish, Louisiana, Revenue Bonds, Marathon Oil Corporation Project, Refunding Series 2017A-2, 2.100%, 6/01/37 (Mandatory Put 7/01/24) | No Opt. Call | BBB- | 18,543,675 | ||
18,755 | Saint John the Baptist Parish, Louisiana, Revenue Bonds, Marathon Oil Corporation Project, Refunding Series 2017A-3, 2.200%, 6/01/37 (Mandatory Put 7/01/26) | No Opt. Call | BBB | 19,375,415 | ||
7,010 | Saint John the Baptist Parish, Louisiana, Revenue Bonds, Marathon Oil Corporation Project, Refunding Series 2017B-2, 2.375%, 6/01/37 (Mandatory Put 7/01/26) | No Opt. Call | BBB- | 7,303,439 | ||
2,295 | Shreveport, Louisiana, General Obligation Bonds, Series 2014, 5.000%, 9/01/21 | No Opt. Call | BBB+ | 2,337,136 | ||
1,000 | Shreveport, Louisiana, Revenue Bonds, Independence Stadium Project, Refunding Series 2016, 5.000%, 3/01/22 – BAM Insured | No Opt. Call | AA | 1,041,530 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Louisiana (continued) | ||||||
Terrebonne Levee and Conservation District, Louisiana, Public Improvement Sales Tax Bonds, Series 2013: | ||||||
$ 1,710 | 5.000%, 7/01/21 (ETM) | No Opt. Call | A+ (5) | 1,729,870 | ||
1,680 | 5.000%, 7/01/22 (ETM) | No Opt. Call | A+ (5) | 1,780,800 | ||
300,810 | Total Louisiana | 325,243,102 | ||||
Maine – 0.1% | ||||||
2,765 | Maine State Housing Authority, Multifamily Mortgage Purchase Bonds, Series 2021A, 1.850%, 11/15/36 | 5/30 at 100.00 | AA+ | 2,698,617 | ||
1,000 | Maine State Housing Authority, Single Family Mortgage Purchase Bonds, Series 2020D, 2.300%, 11/15/35 | 5/29 at 100.00 | AA+ | 1,019,160 | ||
4,500 | Maine State, General Obligation Bonds, Series 2020B, 5.000%, 6/01/23 | No Opt. Call | AA | 4,964,895 | ||
8,265 | Total Maine | 8,682,672 | ||||
Maryland – 1.1% | ||||||
Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Refunding Series 2017: | ||||||
105 | 5.000%, 9/01/21 | No Opt. Call | CCC | 105,374 | ||
540 | 5.000%, 9/01/23 | No Opt. Call | CCC | 550,179 | ||
2,000 | 5.000%, 9/01/26 | No Opt. Call | CCC | 2,055,740 | ||
5,055 | Howard County, Maryland, General Obligation Bonds, Consolidated Public Improvement Project, Series 2021A, 5.000%, 8/15/25 | No Opt. Call | AAA | 6,046,578 | ||
6,820 | Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2019C, 2.700%, 9/01/34 | 3/29 at 100.00 | Aa1 | 7,170,343 | ||
4,250 | Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2020A, 2.300%, 9/01/35 | 3/29 at 100.00 | Aa1 | 4,323,227 | ||
2,430 | Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2020D, 1.950%, 9/01/35 | 9/29 at 100.00 | Aa1 | 2,411,070 | ||
12,000 | Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2021A, 1.800%, 9/01/36 | 3/30 at 100.00 | Aa1 | 11,745,576 | ||
8,795 | Maryland Economic Development Corporation, Pollution Control Revenue Bonds, Potomac Electric Power Company, Refunding Series 2019, 1.700%, 9/01/22 | No Opt. Call | A- | 8,955,069 | ||
12,035 | Maryland Economic Development Corporation, Private Activity Revenue Bonds RSA, Purple Line Light Rail Project, Green Bonds, Series 2016A, 5.000%, 3/31/24 (AMT) | 11/21 at 100.00 | BB- | 12,365,722 | ||
Maryland Health and HIgher Educational Facilities Authority, Revenue Bonds, Adventist Healthcare Inc, Series 2021: | ||||||
1,105 | 5.000%, 1/01/22 (WI/DD, Settling 10/07/21) | No Opt. Call | Baa3 | 1,114,212 | ||
795 | 5.000%, 1/01/23 (WI/DD, Settling 10/07/21) | No Opt. Call | Baa3 | 829,041 | ||
545 | 5.000%, 1/01/24 (WI/DD, Settling 10/07/21) | No Opt. Call | Baa3 | 585,623 | ||
5,235 | Maryland Health and HIgher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical Systems, Series 2020B-1, 5.000%, 7/01/45 (Mandatory Put 7/01/25) | 1/25 at 100.00 | A | 6,051,608 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Maryland (continued) | ||||||
Maryland Health and Higher Educational Facilities Authority, Maryland, Hospital Revenue Bonds, Meritus Medical Center, Series 2015: | ||||||
$ 540 | 5.000%, 7/01/21 | No Opt. Call | A- | 545,654 | ||
1,000 | 5.000%, 7/01/22 | No Opt. Call | A- | 1,053,830 | ||
250 | 5.000%, 7/01/23 | No Opt. Call | A- | 273,805 | ||
500 | 5.000%, 7/01/24 | No Opt. Call | A- | 566,365 | ||
4,400 | Maryland Transportation Authority, Passenger Facility Charge Revenue Bonds, Baltimore/Washington Internatonal Thurgood Marshall Airport Project, Series 2019, 5.000%, 6/01/25 (AMT) | No Opt. Call | A | 5,159,220 | ||
4,400 | Montgomery County, Maryland, General Obligation Bonds, Consolidated Public Improvement Series 2018A, 5.000%, 11/01/29 | 11/28 at 100.00 | AAA | 5,687,396 | ||
Prince George's County, Maryland, General Obligation Consolidated Public Improvement Bonds, Series 2020A: | ||||||
1,500 | 5.000%, 7/15/21 | No Opt. Call | AAA | 1,520,400 | ||
6,285 | 5.000%, 7/15/22 | No Opt. Call | AAA | 6,675,613 | ||
3,500 | 5.000%, 7/15/23 | No Opt. Call | AAA | 3,883,250 | ||
84,085 | Total Maryland | 89,674,895 | ||||
Massachusetts – 2.3% | ||||||
20,015 | Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Subordinated Series 2020B-2, 5.000%, 7/01/22 | No Opt. Call | AA | 21,223,706 | ||
Massachusetts Development Finance Agency Revenue Bonds, Lawrence General Hospital Issue, Series 2014A: | ||||||
555 | 5.000%, 7/01/21 | No Opt. Call | B | 555,866 | ||
690 | 5.000%, 7/01/22 | No Opt. Call | B | 695,720 | ||
625 | 5.000%, 7/01/23 | No Opt. Call | B | 633,425 | ||
735 | 5.000%, 7/01/24 | No Opt. Call | B | 747,311 | ||
795 | 5.000%, 7/01/25 | 7/24 at 100.00 | B | 803,077 | ||
1,500 | Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Series 2018J-1, 5.000%, 7/01/25 | No Opt. Call | A | 1,773,705 | ||
Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Series 2018J-2: | ||||||
2,775 | 5.000%, 7/01/29 | 7/28 at 100.00 | A | 3,499,608 | ||
2,750 | 5.000%, 7/01/30 | 7/28 at 100.00 | A | 3,444,155 | ||
2,495 | 5.000%, 7/01/31 | 7/28 at 100.00 | A | 3,111,490 | ||
2,100 | 5.000%, 7/01/32 | 7/28 at 100.00 | A | 2,609,691 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Massachusetts (continued) | ||||||
Massachusetts Development Finance Agency, Revenue Bonds, Milford Regional Medical Center Issue, Series 2020G: | ||||||
$ 130 | 5.000%, 7/15/21, 144A | No Opt. Call | BB+ | 131,326 | ||
115 | 5.000%, 7/15/22, 144A | No Opt. Call | BB+ | 120,327 | ||
125 | 5.000%, 7/15/23, 144A | No Opt. Call | BB+ | 134,933 | ||
130 | 5.000%, 7/15/24, 144A | No Opt. Call | BB+ | 143,956 | ||
125 | 5.000%, 7/15/25, 144A | No Opt. Call | BB+ | 141,646 | ||
160 | 5.000%, 7/15/26, 144A | No Opt. Call | BB+ | 184,718 | ||
170 | 5.000%, 7/15/27, 144A | No Opt. Call | BB+ | 199,027 | ||
175 | 5.000%, 7/15/28, 144A | No Opt. Call | BB+ | 206,934 | ||
325 | 5.000%, 7/15/29, 144A | No Opt. Call | BB+ | 386,877 | ||
220 | 5.000%, 7/15/30, 144A | No Opt. Call | BB+ | 263,201 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Wellforce Issue, Series 2019A: | ||||||
1,325 | 5.000%, 7/01/21 | No Opt. Call | BBB+ | 1,339,562 | ||
815 | 5.000%, 7/01/23 | No Opt. Call | BBB+ | 895,098 | ||
2,225 | Massachusetts Housing Finance Agency, Housing Bonds, Series 2019B-1, 2.750%, 12/01/34 | 12/28 at 100.00 | AA | 2,353,872 | ||
1,740 | Massachusetts Housing Finance Agency, Housing Bonds, Series 2020A-3, 0.875%, 12/01/23 | 6/22 at 100.00 | AA | 1,748,735 | ||
5,000 | Massachusetts Housing Finance Agency, Single Family Housing Revenue Bonds, Social Series 2020-220, 1.950%, 12/01/35 | 6/30 at 100.00 | AA+ | 5,010,732 | ||
6,195 | Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2020E, 5.000%, 11/01/25 | No Opt. Call | Aa1 | 7,452,771 | ||
14,000 | Massachusetts State, General Obligation Bonds, Refunding Series 2015A, 5.000%, 7/01/23 | No Opt. Call | Aa1 | 15,505,280 | ||
40,200 | Massachusetts State, General Obligation Bonds, Refunding Series 2020A, 5.000%, 6/01/44 (Mandatory Put 6/01/23) | No Opt. Call | Aa1 | 44,297,988 | ||
14,005 | Massachusetts State, General Obligation Bonds, Revenue Anticipation Note Series 2020A, 2.000%, 4/21/21 | No Opt. Call | N/R | 14,019,697 | ||
9,600 | Massachusetts State, Transportation Fund Revenue Bonds, Rail Enhancement Program, Series 2012A, 4.000%, 6/01/33 | 6/21 at 100.00 | AA+ | 9,644,256 | ||
12,332 | North Middlesex Regional School District, Middlesex County, Massachusetts, General Obligation Bonds, Bond Anticipation Notes Series 2021, 2.000%, 2/04/22 | No Opt. Call | N/R | 12,525,037 | ||
5,250 | University of Massachusetts Building Authority, Revenue Bonds, Refunding Senior Series 2021-1, 5.000%, 11/01/25 | No Opt. Call | Aa2 | 6,321,195 | ||
16,211 | Worcester, Massachusetts, General Obligation Bonds, Bond Anticipation Notes, Series 2020, 2.000%, 2/01/22 | No Opt. Call | N/R | 16,459,289 | ||
165,608 | Total Massachusetts | 178,584,211 | ||||
Michigan – 2.4% | ||||||
1,000 | Birmingham Public Schools, Oakland County, Michigan, General Obligation Bonds, School Building & Site Refunding Series 2020, 4.000%, 5/01/23 | No Opt. Call | Aa1 | 1,076,930 | ||
1,100 | Marquettte, Michigan, Electric Utility System Revenue Bonds, Refunding Series 2016A, 5.000%, 7/01/21 | No Opt. Call | AA- | 1,112,815 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Michigan (continued) | ||||||
$ 1,865 | Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2017A-MI, 5.000%, 12/01/21 | No Opt. Call | AA- | 1,924,232 | ||
8,820 | Michigan Finance Authority, State Aid Revenue Notes, Series 2020A-1, 4.000%, 8/20/21 | No Opt. Call | N/R | 8,951,330 | ||
Michigan Finance Authority, Tobacco Settlement Asset- Backed Bonds, 2007 Sold Tobacco Receipts, Series 2020A-CL-1: | ||||||
1,000 | 3.000%, 6/01/21 | No Opt. Call | A | 1,004,270 | ||
1,100 | 4.000%, 6/01/22 | No Opt. Call | A | 1,146,508 | ||
2,000 | 4.000%, 6/01/23 | No Opt. Call | A | 2,153,180 | ||
2,200 | 5.000%, 6/01/25 | No Opt. Call | A | 2,586,782 | ||
2,500 | 5.000%, 6/01/27 | No Opt. Call | A | 3,106,150 | ||
2,450 | 5.000%, 6/01/29 | No Opt. Call | A | 3,167,091 | ||
15,125 | Michigan Hospital Finance Authority, Revenue Bonds, Ascension Health Senior Credit Group, Refunding Series 2010F-1, 4.000%, 11/15/47 (Mandatory Put 6/01/23) | No Opt. Call | AA+ | 16,314,581 | ||
6,750 | Michigan Housing Development Authority, Rental Housing Revenue Bonds, Series 2018A, 3.550%, 10/01/33 | 10/27 at 100.00 | AA | 7,390,507 | ||
Michigan Housing Development Authority, Single Family Mortgage Revenue Bonds, Fixed Rate Series 2018C: | ||||||
3,505 | 3.550%, 6/01/29 | 12/27 at 100.00 | AA+ | 3,911,440 | ||
3,825 | 3.650%, 6/01/30 | 12/27 at 100.00 | AA+ | 4,237,909 | ||
3,810 | 3.700%, 12/01/30 | 12/27 at 100.00 | AA+ | 4,224,071 | ||
1,805 | 3.350%, 12/01/34 | 6/28 at 100.00 | AA+ | 1,943,913 | ||
5,075 | Michigan Housing Development Authority, Single Family Mortgage Revenue Bonds, Series 2016A, 3.100%, 12/01/31 | 6/26 at 100.00 | AA+ | 5,402,947 | ||
9,770 | Michigan Housing Development Authority, Single Family Mortgage Revenue Bonds, Series 2019B, 2.700%, 12/01/34 | 12/28 at 100.00 | AA+ | 10,265,730 | ||
14,835 | Michigan Housing Development Authority, Single Family Mortgage Revenue Bonds, Series 2020C, 2.350%, 12/01/35 | 6/30 at 100.00 | AA+ | 14,976,229 | ||
1,000 | Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group, Refunding Series 2008C, 5.000%, 12/01/21 | No Opt. Call | AA- | 1,031,760 | ||
Michigan State, Trunk Line Fund Bonds, Rebuilding Michigan Program Series 2020B: | ||||||
27,220 | 5.000%, 11/15/28 | No Opt. Call | AA+ | 35,296,446 | ||
28,245 | 5.000%, 11/15/29 | No Opt. Call | AA+ | 37,281,423 | ||
8,485 | Michigan Strategic Fund, Limited Obligation Pollution Control Revenue Refunding Bonds, Detroit Edison Company, Series 1995CC, 1.450%, 9/01/30 (Mandatory Put 9/01/21) | No Opt. Call | Aa3 | 8,526,576 | ||
8,000 | Michigan Strategic Fund, Limited Obligation Revenue Bonds, Detriot Edison Project, Refunding Series 2008, 1.450%, 8/01/29 (Mandatory Put 9/01/21) | No Opt. Call | Aa3 | 8,039,200 | ||
1,000 | Plymouth-Canton Community School District, Wayne and Washtenaw Counties, Michigan, General Obligation Bonds, Refunding Series 2012A, 5.000%, 5/01/21 | No Opt. Call | Aa1 | 1,003,520 | ||
2,525 | Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont Hospital Obligated Group, Refunding Series 2014D, 5.000%, 9/01/22 | No Opt. Call | A+ | 2,689,832 | ||
165,010 | Total Michigan | 188,765,372 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Minnesota – 1.3% | ||||||
$ 1,680 | Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2014A, 5.000%, 1/01/24 | No Opt. Call | A+ | 1,889,362 | ||
1,655 | Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2020B, 2.400%, 1/01/35 | 7/29 at 100.00 | AA+ | 1,726,198 | ||
2,760 | Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2020E, 2.250%, 7/01/35 | 7/29 at 100.00 | AA+ | 2,828,062 | ||
4,695 | Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2020I, 1.875%, 7/01/35 | 1/30 at 100.00 | AA+ | 4,689,342 | ||
Minnesota State, General Obligation Bonds, Refunding State Trunk Highway Series 2020E: | ||||||
17,800 | 2.000%, 8/01/21 | No Opt. Call | AAA | 17,910,538 | ||
28,320 | 2.000%, 8/01/22 | No Opt. Call | AAA | 29,026,867 | ||
36,940 | Minnesota State, General Obligation Bonds, Refunding Various Purpose Series 2015D, 5.000%, 8/01/23 | No Opt. Call | AAA | 41,104,616 | ||
895 | Northern Municipal Power Agency, Minnesota, Electric System Revenue Bonds, Series 2013A, 5.000%, 1/01/23 | No Opt. Call | A- | 967,405 | ||
2,880 | Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare Health System, Refunding Series 2014B, 5.000%, 5/01/22 | No Opt. Call | AA- | 3,022,531 | ||
97,625 | Total Minnesota | 103,164,921 | ||||
Mississippi – 0.8% | ||||||
1,000 | Lowndes County, Mississippi, Solid Waste Disposal and Pollution Control Refunding Revenue Bonds (Weyerhaeuser Company Project), Series 1992A, 6.800%, 4/01/22 | No Opt. Call | BBB | 1,059,800 | ||
6,865 | Mississippi Business Finance Corporation, Pollution Control Revenue, Mississippi Power, Series 2002, 3.200%, 9/01/28 | 3/24 at 100.00 | A- | 7,225,138 | ||
9,385 | Mississippi Business Finance Corporation, Revenue Bonds, Mississippi Power Company Project, First Series 2010, 2.750%, 12/01/40 (Mandatory Put 12/09/21) | No Opt. Call | A- | 9,519,769 | ||
20,430 | Mississippi Business Finance Corporation, Revenue Bonds, System Energy Resources, Inc Project, Refunding Series 2019, 2.500%, 4/01/22 | 5/21 at 100.00 | BBB+ | 20,510,290 | ||
1,000 | Mississippi Home Corporation, Single Family Mortgage Revenue Bonds, Series 2020A, 2.250%, 12/01/35 | 6/29 at 100.00 | Aaa | 1,028,280 | ||
500 | Mississippi Home Corporation, Single Family Mortgage Revenue Bonds, Series 2021A, 1.800%, 12/01/35 | 6/30 at 100.00 | Aaa | 490,839 | ||
9,750 | Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Baptist Memorial Healthcare, Refunding Series 2020A-1, 5.000%, 9/01/44 (Mandatory Put 9/01/25) | 3/25 at 100.00 | BBB+ | 11,157,510 | ||
3,680 | Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Baptist Memorial Healthcare, Series 2015A, 5.000%, 9/01/24 | No Opt. Call | BBB+ | 4,198,034 | ||
3,395 | Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, North Mississippi Health Services, Series 2020-II, 5.000%, 10/01/40 (Mandatory Put 3/01/27) | 12/26 at 100.00 | AA | 4,046,195 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Mississippi (continued) | ||||||
Mississippi State, Gaming Tax Revenue Bonds, Series 2019A: | ||||||
$ 275 | 5.000%, 10/15/21 | No Opt. Call | A+ | 280,552 | ||
350 | 5.000%, 10/15/22 | No Opt. Call | A+ | 373,159 | ||
250 | 5.000%, 10/15/23 | No Opt. Call | A+ | 277,940 | ||
200 | 5.000%, 10/15/24 | No Opt. Call | A+ | 229,316 | ||
1,220 | 5.000%, 10/15/25 | No Opt. Call | A+ | 1,437,953 | ||
58,300 | Total Mississippi | 61,834,775 | ||||
Missouri – 1.2% | ||||||
Branson Industrial Development Authority, Missouri, Tax Increment Revenue Bonds, Branson Shoppes Redevelopment Project, Refunding Series 2017A: | ||||||
765 | 4.000%, 11/01/22 | No Opt. Call | N/R | 782,090 | ||
755 | 4.000%, 11/01/23 | No Opt. Call | N/R | 779,288 | ||
Jackson County Reorganized School District R-7, Lees Summit, Missouri, General Obligation Bonds, Refunding & School Building Series 2020: | ||||||
7,665 | 4.000%, 3/01/29 | No Opt. Call | AA+ | 9,370,769 | ||
7,500 | 4.000%, 3/01/30 | 3/29 at 100.00 | AA+ | 9,109,350 | ||
Metropolitan St Louis Sewerage District, Missouri, Wastewater System Revenue Bonds, Series 2011B: | ||||||
2,520 | 4.000%, 5/01/23 (Pre-refunded 5/01/21) | 5/21 at 100.00 | AAA | 2,527,132 | ||
2,695 | 4.000%, 5/01/24 (Pre-refunded 5/01/21) | 5/21 at 100.00 | AAA | 2,702,627 | ||
24,750 | Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Refunding Market-Adjusted Tax Exempt Securities Series 1992, 1.600%, 12/01/22 | 6/21 at 100.50 | A | 24,932,407 | ||
5,000 | Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Refunding Series 1998A, 2.900%, 9/01/33 | 7/27 at 102.00 | A | 5,375,950 | ||
11,000 | Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Series 1998B, 2.900%, 9/01/33 | 7/27 at 102.00 | A | 11,828,960 | ||
5,195 | Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Series 1998C, 2.750%, 9/01/33 | 6/27 at 102.00 | A | 5,524,311 | ||
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Saint Louis College of Pharmacy, Series 2013: | ||||||
1,000 | 5.000%, 5/01/21 | No Opt. Call | BBB | 1,002,570 | ||
2,545 | 4.000%, 5/01/22 | No Opt. Call | BBB | 2,614,580 | ||
1,320 | 5.000%, 5/01/23 | No Opt. Call | BBB | 1,415,740 | ||
975 | Missouri Housing Development Commission, Single Family Mortgage Revenue Bonds, First Place Homeownership Loan Program, Series 2019C, 2.500%, 11/01/34 | 5/29 at 100.00 | AA+ | 1,012,674 | ||
1,195 | Missouri Housing Development Commission, Single Family Mortgage Revenue Bonds, First Place Homeownership Loan Program, Series 2021A, 1.950%, 11/01/36 | 5/30 at 100.00 | AA+ | 1,181,000 | ||
Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Plum Point Project, Refunding Series 2014A: | ||||||
2,420 | 5.000%, 1/01/25 | No Opt. Call | A | 2,805,264 | ||
5,035 | 5.000%, 1/01/26 | 1/25 at 100.00 | A | 5,828,768 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Missouri (continued) | ||||||
Saint Charles County Francis Howell School District, Missouri, General Obligation Bonds, Series 2020: | ||||||
$ 1,980 | 4.000%, 3/01/30 | 3/28 at 100.00 | AA | 2,359,031 | ||
1,480 | 4.000%, 3/01/31 | 3/28 at 100.00 | AA | 1,749,671 | ||
Saint Louis, Missouri, Airport Revenue Bonds, Lambert-St Louis International Airport, Refunding Series 2015: | ||||||
1,725 | 5.000%, 7/01/21 | No Opt. Call | A2 | 1,744,337 | ||
1,000 | 5.000%, 7/01/22 | No Opt. Call | A2 | 1,057,680 | ||
1,085 | 5.000%, 7/01/23 | No Opt. Call | A2 | 1,195,475 | ||
89,605 | Total Missouri | 96,899,674 | ||||
Montana – 0.5% | ||||||
30,720 | Forsyth, Rosebud County, Montana, Pollution Control Revenue Refunding Bonds, Northwestern Corporation Colstrip Project, Series 2016, 2.000%, 8/01/23 | No Opt. Call | A | 31,504,589 | ||
Lewis and Clark County School District 9 East Helena, Montana, General Obligation Bonds, School Building Series 2018: | ||||||
1,000 | 5.000%, 7/01/27 | No Opt. Call | A+ | 1,246,930 | ||
1,055 | 5.000%, 7/01/28 | No Opt. Call | A+ | 1,340,504 | ||
1,335 | 5.000%, 7/01/29 | 7/28 at 100.00 | A+ | 1,682,540 | ||
800 | Montana Board of Housing, Single Family Mortgage Bonds, Series 2021A-1, 1.850%, 12/01/36 | 6/30 at 100.00 | AA+ | 781,587 | ||
34,910 | Total Montana | 36,556,150 | ||||
Nebraska – 0.7% | ||||||
8,000 | Central Plains Energy Project, Nebraska, Gas Project 4 Revenue Bonds, Series 2018A, 5.000%, 3/01/50 (Mandatory Put 1/01/24) | 10/23 at 100.43 | A2 | 8,913,520 | ||
815 | Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Children's Hospital Obligated Group, Series 2020B, 5.000%, 11/15/53 (Mandatory Put 11/15/25) | 8/25 at 100.00 | AA- | 963,623 | ||
4,590 | Douglas County Hospital Authority 2, Nebraska, Hospital Revenue Bonds, Madonna Rehabilitation Hospital Project, Series 2014, 5.000%, 5/15/21 | No Opt. Call | A- | 4,613,409 | ||
1,000 | Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015, 5.000%, 11/01/22 | No Opt. Call | A | 1,072,180 | ||
Douglas County School District 17 Millard, Nebraska, General Obligation Bonds, Series 2020: | ||||||
1,275 | 5.000%, 12/15/28 | No Opt. Call | AA | 1,659,400 | ||
1,500 | 5.000%, 12/15/29 | No Opt. Call | AA | 1,987,215 | ||
1,590 | 5.000%, 12/15/30 | No Opt. Call | AA | 2,144,226 | ||
1,000 | Lincoln County Hospital Authority 1, Nebraska, Hospital Revenue and Refunding Bonds, Great Plains Regional Medical Center Project, Series 2012, 3.500%, 11/01/27 (Pre-refunded 11/01/21) | 11/21 at 100.00 | N/R (5) | 1,018,280 | ||
5,480 | Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Series 2019D, 2.600%, 9/01/34 | 3/29 at 100.00 | AA+ | 5,725,723 | ||
8,620 | Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Series 2020A, 2.350%, 9/01/35 | 3/29 at 100.00 | AA+ | 8,889,030 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Nebraska (continued) | ||||||
$ 2,400 | Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Series 2021A, 1.850%, 9/01/35 | 3/30 at 100.00 | AA+ | 2,354,397 | ||
Nebraska Public Power District, General Revenue Bonds, Series 2015A-2: | ||||||
160 | 5.000%, 1/01/24 (Pre-refunded 1/01/22) | 1/22 at 100.00 | N/R (5) | 165,752 | ||
1,615 | 5.000%, 1/01/24 | 1/22 at 100.00 | A+ | 1,669,167 | ||
1,500 | Nebraska Public Power District, General Revenue Bonds, Series 2021A Forward Delivery, 5.000%, 1/01/23 (WI/DD, Settling 10/07/21) | No Opt. Call | A+ | 1,583,454 | ||
1,645 | Papio-Missouri River Natural Resources District, Nebraska, Flood Protection and Water Quality Enhancement Revenue Bonds, Series 2017, 5.000%, 12/15/22 (Pre-refunded 6/15/22) | 6/22 at 100.00 | AA (5) | 1,741,183 | ||
6,450 | Washington County, Nebraska, Wastewater and Solid Waste Disposal Facilities Revenue Bonds, Cargill Inc Project, Variable Rate Demand Series 2012, 0.900%, 9/01/30 (Mandatory Put 9/01/25) (AMT) | No Opt. Call | A | 6,488,313 | ||
47,640 | Total Nebraska | 50,988,872 | ||||
Nevada – 0.7% | ||||||
Clark County School District, Nevada, General Obligation Bonds, Limited Tax Building Series 2020A: | ||||||
1,000 | 3.000%, 6/15/22 | No Opt. Call | A+ | 1,032,400 | ||
1,000 | 3.000%, 6/15/24 – AGM Insured | No Opt. Call | AA | 1,080,750 | ||
1,335 | Clark County School District, Nevada, General Obligation Bonds, Refunding Limited Tax Series 2015B, 5.000%, 6/15/21 | No Opt. Call | A+ | 1,347,309 | ||
2,025 | Clark County, Nevada, Airport Revenue Bonds, Jet Aviation Fuel Tax, Refunding Series 2013A, 5.000%, 7/01/21 (AMT) | No Opt. Call | A1 | 2,047,842 | ||
1,860 | Clark County, Nevada, Pollution Control Revenue Bonds, Nevada Power Company Project, Refunding Series 2017, 1.650%, 1/01/36 (Mandatory Put 3/31/23) | No Opt. Call | A+ | 1,907,169 | ||
Las Vegas Convention and Visitors Authority, Nevada, Revenue Bonds, Refunding Series 2017B: | ||||||
830 | 5.000%, 7/01/23 | No Opt. Call | Aa3 | 902,816 | ||
850 | 5.000%, 7/01/25 | No Opt. Call | Aa3 | 979,642 | ||
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Limited Tax Refunding Series 2021C: | ||||||
6,500 | 5.000%, 6/01/24 | No Opt. Call | Aa1 | 7,457,683 | ||
13,660 | 5.000%, 6/01/25 | No Opt. Call | Aa1 | 16,233,004 | ||
13,020 | Las Vegas Valley Water District, Nevada, General Obligation Bonds, Limited Tax Refunding Water Series 2021A, 5.000%, 6/01/24 | No Opt. Call | Aa1 | 14,938,312 | ||
5,000 | Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2011C, 5.000%, 6/01/24 | 6/21 at 100.00 | Aa1 | 5,037,850 | ||
190 | Sparks, Nevada, Sales Tax Revenue Bonds, Tourism Improvement District 1 Legends at Sparks Marina, Refunding Senior Series 2019A, 2.500%, 6/15/24, 144A | No Opt. Call | Ba2 | 191,832 | ||
47,270 | Total Nevada | 53,156,609 | ||||
New Hampshire – 0.2% | ||||||
13,070 | New Hampshire Business Finance Authority, Pollution Control Revenue Bonds, United Illuminating Company, Refunding Series 2003A, 2.800%, 10/01/33 (Mandatory Put 10/02/23) | No Opt. Call | A | 13,639,460 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Hampshire (continued) | ||||||
$ 1,195 | New Hampshire Health and Education Facilities Authority, Revenue Bonds, Elliot Hospital, Series 2016, 5.000%, 10/01/21 | No Opt. Call | A- | 1,222,712 | ||
2,710 | New Hampshire State, General Obligation Bonds, Capital Improvement Series 2020C, 5.000%, 12/01/26 | No Opt. Call | Aa1 | 3,369,603 | ||
16,975 | Total New Hampshire | 18,231,775 | ||||
New Jersey – 5.2% | ||||||
8,490 | Bergen County Improvement Authority, New Jersey, County Guaranteed Project Note, Bergen New Bridge Medical Center Project, Series 2020, 3.000%, 8/15/22 | No Opt. Call | N/R | 8,797,678 | ||
Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Refunding Series 2018B: | ||||||
8,505 | 5.000%, 1/01/23 | No Opt. Call | A+ | 9,202,325 | ||
6,665 | 5.000%, 1/01/24 | No Opt. Call | A+ | 7,507,323 | ||
Delran Township, New Jersey, General Obligation Bonds, Series 2019: | ||||||
1,000 | 2.000%, 10/15/27 | No Opt. Call | AA | 1,061,310 | ||
1,000 | 2.000%, 10/15/28 | No Opt. Call | AA | 1,054,570 | ||
1,000 | 2.000%, 10/15/29 | No Opt. Call | AA | 1,042,670 | ||
1,495 | Gloucester County Pollution Control Financing Authority, New Jersey, Pollution Control Revenue Bonds, Logan Project, Refunding Series 2014A, 5.000%, 12/01/24 (AMT) | No Opt. Call | BBB- | 1,567,448 | ||
Gloucester Township, New Jersey, General Obligation Bonds, Series 2019: | ||||||
3,640 | 2.000%, 2/01/26 – BAM Insured | No Opt. Call | AA | 3,778,320 | ||
3,975 | 2.000%, 2/01/27 – BAM Insured | No Opt. Call | AA | 4,129,389 | ||
Hudson County Improvement Authority, New Jersey, County Secured Lease Revenue Bonds, Hudson County Courthouse Project, Refunding Series 2020: | ||||||
485 | 4.000%, 10/01/25 | No Opt. Call | AA | 556,193 | ||
755 | 5.000%, 10/01/26 | No Opt. Call | AA | 925,222 | ||
Monmouth County Improvement Authority, New Jersey, Governmental Pooled Loan Revenue Bonds, Series 2020: | ||||||
600 | 4.000%, 12/01/21 | No Opt. Call | AAA | 615,451 | ||
550 | 4.000%, 12/01/22 | No Opt. Call | AAA | 585,378 | ||
New Jersey Economic Development Authority, Cigarette Tax Revenue Refunding Bonds, Series 2012: | ||||||
2,825 | 5.000%, 6/15/21 | No Opt. Call | BBB | 2,851,046 | ||
1,475 | 5.000%, 6/15/22 | No Opt. Call | BBB | 1,548,175 | ||
520 | 5.000%, 6/15/22 | No Opt. Call | AA | 548,943 | ||
6,565 | 5.000%, 6/15/23 | 6/22 at 100.00 | BBB | 6,883,140 | ||
4,520 | 5.000%, 6/15/24 | 6/22 at 100.00 | BBB | 4,730,135 | ||
8,620 | 5.000%, 6/15/25 | 6/22 at 100.00 | BBB | 9,000,142 | ||
6,000 | 5.000%, 6/15/26 | 6/22 at 100.00 | BBB | 6,250,560 | ||
795 | 4.250%, 6/15/27 | 6/22 at 100.00 | BBB | 818,055 | ||
10,000 | New Jersey Economic Development Authority, New Jersey, Transit Transportation Project Revenue Bonds, Series 2020A, 5.000%, 11/01/29 | No Opt. Call | Baa1 | 12,692,200 | ||
5,780 | New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge, Refunding Series 2017A, 3.375%, 7/01/30 | 7/27 at 100.00 | Baa3 | 6,070,778 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Jersey (continued) | ||||||
$ 10,545 | New Jersey Economic Development Authority, Revenue Bonds, Municipal Rehabilitation, Refunding Series 2019A, 5.250%, 4/01/25 | No Opt. Call | BBB | 12,357,671 | ||
5,000 | New Jersey Economic Development Authority, Revenue Bonds, New Jersey Transit Corporation Projects Sublease, Refunding Series 2017B, 5.000%, 11/01/21 | No Opt. Call | Baa1 | 5,136,000 | ||
26,340 | New Jersey Economic Development Authority, School Facilities Construction Bonds, Refunding Series 2015XX, 5.000%, 6/15/21 | No Opt. Call | Baa1 | 26,583,382 | ||
17,000 | New Jersey Economic Development Authority, School Facilities Construction Bonds, Refunding Series 2016BBB, 5.000%, 6/15/22 | No Opt. Call | Baa1 | 17,958,120 | ||
3,130 | New Jersey Economic Development Authority, School Facilities Construction Bonds, Series 2016AAA, 5.000%, 6/15/26 | No Opt. Call | Baa1 | 3,760,257 | ||
New Jersey Economic Development Authority, School Facilities Construction Bonds, Social Series 2021QQQ: | ||||||
245 | 5.000%, 6/15/23 | No Opt. Call | Baa1 | 269,365 | ||
300 | 5.000%, 6/15/24 | No Opt. Call | Baa1 | 341,332 | ||
500 | 5.000%, 6/15/25 | No Opt. Call | Baa1 | 585,926 | ||
2,000 | New Jersey Economic Development Authority, School Facilities Construction Financing Program Bonds, Refunding Series 2011GG, 5.000%, 9/01/21 | 4/21 at 100.00 | Baa1 | 2,005,540 | ||
2,000 | New Jersey Economic Development Authority, School Facilities Construction Financing Program Bonds, Refunding Series 2012II, 5.000%, 3/01/25 | 3/22 at 100.00 | Baa1 | 2,080,040 | ||
7,005 | New Jersey Economic Development Authority, School Facilities Construction Financing Program Bonds, Refunding Series 2014PP, 5.000%, 6/15/30 | 6/24 at 100.00 | Baa1 | 7,852,115 | ||
2,715 | New Jersey Economic Development Authority, Water Facilities Revenue Bonds, New Jersey-American Water Company Inc Project, Refunding Series 2020B, 1.200%, 11/01/34 (Mandatory Put 6/01/23) (AMT) | No Opt. Call | A+ | 2,749,535 | ||
2,500 | New Jersey Economic Development Authority, Water Facilities Revenue Bonds, New Jersey-American Water Company Inc Project, Refunding Series 2020C, 1.150%, 6/01/23 (AMT) | No Opt. Call | A+ | 2,523,225 | ||
2,835 | New Jersey Economic Development Authority, Water Facilities Revenue Bonds, New Jersey-American Water Company Inc Project, Refunding Series 2020E, 0.850%, 12/01/25 (AMT) | No Opt. Call | A+ | 2,806,663 | ||
545 | New Jersey Educational Facilities Authority, Revenue Bonds, Montclair State University Issue, Series 2007A, 5.250%, 7/01/21 – AGC Insured | No Opt. Call | AA | 551,300 | ||
5,340 | New Jersey Health Care Facilities Financing Authority, Revenue Bonds, RWJ Barnabas Health Obligated Group, Term Series 2019B-1, 5.000%, 7/01/43 (Mandatory Put 7/01/24) | 4/24 at 100.87 | AA- | 6,082,153 | ||
4,830 | New Jersey Health Care Facilities Financing Authority, Revenue Bonds, RWJ Barnabas Health Obligated Group, Term Series 2019B-2, 5.000%, 7/01/42 (Mandatory Put 7/01/25) | 4/25 at 100.85 | AA- | 5,673,656 | ||
New Jersey State, General Obligation Bonds, Covid-19 Emergency Series 2020A: | ||||||
8,035 | 4.000%, 6/01/23 | No Opt. Call | A3 | 8,659,721 | ||
10,050 | 5.000%, 6/01/24 | No Opt. Call | A3 | 11,459,010 | ||
15,000 | 5.000%, 6/01/25 | No Opt. Call | A3 | 17,655,600 | ||
11,390 | 5.000%, 6/01/26 | No Opt. Call | A3 | 13,767,207 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Jersey (continued) | ||||||
New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Revenue Notes, Series 2018A: | ||||||
$ 14,500 | 3.000%, 6/15/21 | No Opt. Call | A+ | 14,580,185 | ||
2,100 | 5.000%, 6/15/21 | No Opt. Call | A+ | 2,119,782 | ||
14,880 | 3.000%, 6/15/22 | No Opt. Call | A+ | 15,364,046 | ||
1,885 | 5.000%, 6/15/22 | No Opt. Call | A+ | 1,991,239 | ||
3,545 | 5.000%, 6/15/24 | No Opt. Call | A+ | 4,038,873 | ||
5,070 | 5.000%, 6/15/28 | 6/26 at 100.00 | A+ | 6,010,688 | ||
2,715 | 5.000%, 6/15/29 | 6/26 at 100.00 | A+ | 3,191,835 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2019A: | ||||||
5,660 | 5.000%, 12/15/24 | No Opt. Call | Baa1 | 6,544,998 | ||
5,185 | 5.000%, 12/15/25 | No Opt. Call | Baa1 | 6,168,283 | ||
9,780 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2019BB, 5.000%, 6/15/32 | 12/28 at 100.00 | Baa1 | 12,033,997 | ||
1,700 | Passaic Valley Sewer Commissioners, New Jersey, Sewer Revenue Bonds, Series 2010G, 5.750%, 12/01/22 | No Opt. Call | A2 | 1,845,758 | ||
3,050 | Salem County Pollution Control Financing Authority, New Jersey, Pollution Control Revenue Bonds, Chambers Project, Refunding Series 2014A, 5.000%, 12/01/23 (AMT) | No Opt. Call | BBB | 3,229,889 | ||
12,020 | Somerset County, New Jersey, General Obligation Bonds, Bond Anticpation Notes Series 2020, 4.000%, 9/09/21 | No Opt. Call | N/R | 12,221,816 | ||
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018A: | ||||||
2,395 | 5.000%, 6/01/22 | No Opt. Call | A | 2,524,426 | ||
1,325 | 5.000%, 6/01/23 | No Opt. Call | A | 1,455,420 | ||
6,315 | 5.000%, 6/01/24 | No Opt. Call | A | 7,189,375 | ||
5,850 | 5.000%, 6/01/25 | No Opt. Call | A | 6,872,755 | ||
10,025 | 5.000%, 6/01/26 | No Opt. Call | A | 12,125,338 | ||
5,950 | 5.000%, 6/01/29 | 6/28 at 100.00 | A | 7,450,649 | ||
3,900 | 5.000%, 6/01/31 | 6/28 at 100.00 | A- | 4,819,425 | ||
2,005 | 4.000%, 6/01/37 | 6/28 at 100.00 | A- | 2,290,652 | ||
10,110 | Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018B, 3.200%, 6/01/27 | No Opt. Call | BBB | 10,371,647 | ||
6,795 | Toms River Board of Education, Ocean County, New Jersey, General Obligation Bonds, Regional Schools Series 2019, 2.250%, 7/15/28 | 7/26 at 100.00 | AA- | 7,138,963 | ||
Union County, New Jersey, General Obligation Bonds, Refunding Series 2017: | ||||||
6,695 | 3.000%, 3/01/28 | 9/25 at 100.00 | Aaa | 7,299,023 | ||
6,105 | 3.000%, 3/01/29 | 9/25 at 100.00 | Aaa | 6,608,418 | ||
372,125 | Total New Jersey | 408,561,749 | ||||
New Mexico – 0.8% | ||||||
11,060 | Farmington, New Mexico, Pollution Control Revenue Bonds, Public Service Company of New Mexico San Juan and Four Corners Projects, Refunding Series 2016A, 1.875%, 4/01/33 (Mandatory Put 10/01/21) | No Opt. Call | BBB | 11,142,950 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Mexico (continued) | ||||||
$ 26,000 | Farmington, New Mexico, Pollution Control Revenue Bonds, Public Service Company of New Mexico San Juan and Four Corners Projects, Refunding Series 2016B, 1.875%, 4/01/33 (Mandatory Put 10/01/21) | No Opt. Call | BBB | 26,195,000 | ||
4,000 | Farmington, New Mexico, Pollution Control Revenue Bonds, Public Service Company of New Mexico San Juan Project, Refunding Series 2010B, 2.125%, 6/01/40 (Mandatory Put 6/01/22) | No Opt. Call | BBB | 4,072,680 | ||
2,365 | New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2019D, 2.800%, 7/01/34 | 1/29 at 100.00 | Aaa | 2,508,910 | ||
6,135 | New Mexico Municipal Energy Acquisition Authority, Gas Supply Revenue Bonds, Refunding & Aquisition Sub-Series 2019A, 5.000%, 11/01/39 (Mandatory Put 5/01/25) | 2/25 at 100.73 | Aa2 | 7,163,472 | ||
San Juan County, New Mexico, Gross Receipts Tax Revenue Bonds, Refunding Series 2015A: | ||||||
1,455 | 5.000%, 6/15/21 | No Opt. Call | A+ | 1,468,415 | ||
1,510 | 5.000%, 6/15/22 | No Opt. Call | A+ | 1,594,922 | ||
1,565 | 5.000%, 6/15/23 | No Opt. Call | A+ | 1,721,391 | ||
1,625 | 5.000%, 6/15/24 | No Opt. Call | A+ | 1,850,826 | ||
1,690 | 5.000%, 6/15/25 | No Opt. Call | A+ | 1,987,034 | ||
1,760 | 5.000%, 6/15/26 | 6/25 at 100.00 | A+ | 2,063,776 | ||
750 | Santa Fe, New Mexico, Retirement Facilities Revenue Bonds, EL Castillo Retirement Residences Project, Series 2019B-2, 2.250%, 5/15/24 | 11/21 at 100.00 | BB+ | 751,350 | ||
1,000 | Santa Fe, New Mexico, Retirement Facilities Revenue Bonds, EL Castillo Retirement Residences Project, TEMPS 85 Series 2019B-1, 2.625%, 5/15/25 | 11/21 at 100.00 | BB+ | 1,003,340 | ||
60,915 | Total New Mexico | 63,524,066 | ||||
New York – 9.4% | ||||||
30,355 | Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose, Series 2021B, 5.000%, 3/15/27 | No Opt. Call | AA+ | 37,751,718 | ||
1,275 | Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer Center, Series 2012-1, 5.000%, 7/01/23 (Pre-refunded 1/01/22) | 1/22 at 100.00 | AA (5) | 1,320,926 | ||
1,725 | Dormitory Authority of the State of New York, Revenue Bonds, Montefiore Obligated Group, Series 2020A, 5.000%, 9/01/27 | No Opt. Call | BBB | 2,117,196 | ||
500 | Dormitory Authority of the State of New York, Revenue Bonds, Northwell Healthcare Inc, Series 2019B-3, 5.000%, 5/01/48 (Mandatory Put 5/01/26) | 11/25 at 100.00 | A- | 594,275 | ||
500 | Dormitory Authority of the State of New York, Revenue Bonds, NYU Hospitals Center, Series 2014, 5.000%, 7/01/23 | No Opt. Call | A | 550,080 | ||
Dormitory Authority of the State of New York, Revenue Bonds, Orange Regional Medical Center Obligated Group, Series 2017: | ||||||
1,200 | 4.000%, 12/01/21, 144A | No Opt. Call | BBB- | 1,222,176 | ||
1,000 | 5.000%, 12/01/22, 144A | No Opt. Call | BBB- | 1,066,390 | ||
2,000 | 5.000%, 12/01/23, 144A | No Opt. Call | BBB- | 2,206,420 | ||
Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of Technology, Series 2020A Forward Delivery: | ||||||
1,780 | 5.000%, 7/01/22 | No Opt. Call | A1 | 1,882,670 | ||
1,000 | 5.000%, 7/01/24 | No Opt. Call | A1 | 1,143,450 | ||
1,000 | 5.000%, 7/01/25 | No Opt. Call | A1 | 1,181,090 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose Series 2012A: | ||||||
$ 5 | 5.000%, 12/15/21 (ETM) | No Opt. Call | N/R (5) | 5,169 | ||
13,005 | 5.000%, 12/15/21 | No Opt. Call | AA+ | 13,445,349 | ||
7,500 | Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose, Series 2019D, 5.000%, 2/15/27 | No Opt. Call | AA+ | 9,307,425 | ||
18,000 | Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose, Series 2020A Bidding Group 1 thru 5, 5.000%, 3/15/25 | No Opt. Call | AA+ | 21,179,520 | ||
3,005 | Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose, Series 2021A, 5.000%, 3/15/26 | No Opt. Call | AA+ | 3,644,153 | ||
8,790 | Long Island Power Authority, New York, Electric System General Revenue Bonds, Notes Series 2021, 1.000%, 9/01/25 | 9/23 at 100.00 | A | 8,883,010 | ||
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2000A: | ||||||
515 | 0.000%, 6/01/21 – AGM Insured | No Opt. Call | AA | 514,665 | ||
700 | 0.000%, 6/01/22 – AGM Insured | No Opt. Call | AA | 695,772 | ||
1,350 | 0.000%, 6/01/23 – AGM Insured | No Opt. Call | AA | 1,330,250 | ||
1,045 | Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2020A, 5.000%, 9/01/25 | No Opt. Call | A | 1,245,285 | ||
1,000 | Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2012B, 5.000%, 9/01/21 | No Opt. Call | A | 1,019,650 | ||
13,305 | Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Bond Anticipation Series 2019A, 5.000%, 3/01/22 | No Opt. Call | N/R | 13,864,874 | ||
5,000 | Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Climate Bond Certified, Refunding Green Series 2016B-2, 5.000%, 11/15/32 | 11/26 at 100.00 | AA | 5,998,850 | ||
14,175 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2019B-1, 5.000%, 5/15/22 | No Opt. Call | N/R | 14,852,140 | ||
28,680 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2019D-1, 5.000%, 9/01/22 | No Opt. Call | N/R | 30,400,800 | ||
4,555 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2019F, 5.000%, 11/15/22 | No Opt. Call | N/R | 4,867,245 | ||
45,170 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2020A-2S, 4.000%, 2/01/22 | No Opt. Call | N/R | 46,400,882 | ||
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding Green Climate Certified Series 2020E: | ||||||
1,500 | 5.000%, 11/15/30 | No Opt. Call | A3 | 1,934,400 | ||
2,250 | 5.000%, 11/15/32 | 11/30 at 100.00 | A3 | 2,876,400 | ||
7,675 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding Series 2012F, 5.000%, 11/15/30 | 11/22 at 100.00 | A3 | 8,119,843 | ||
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2012D: | ||||||
1,000 | 5.000%, 11/15/26 | 11/22 at 100.00 | A3 | 1,064,617 | ||
1,545 | 5.000%, 11/15/29 | 11/22 at 100.00 | A3 | 1,635,058 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
Nassau County Local Economic Assistance Corporation, New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group Project, Series 2014B: | ||||||
$ 2,010 | 5.000%, 7/01/23 | No Opt. Call | A- | 2,209,432 | ||
1,045 | 5.000%, 7/01/24 | No Opt. Call | A- | 1,188,029 | ||
650 | 5.000%, 7/01/25 | 7/24 at 100.00 | A- | 742,788 | ||
1,000 | 5.000%, 7/01/26 | 7/24 at 100.00 | A- | 1,139,290 | ||
1,500 | 5.000%, 7/01/27 | 7/24 at 100.00 | A- | 1,702,710 | ||
19,330 | Nassau County, New York, General Obligation Bonds, Revenue Anticipation Note Series 2021B, 2.000%, 1/07/22 | No Opt. Call | N/R | 19,600,889 | ||
34,000 | Nassau County, New York, General Obligation Bonds, Tax Anticipation Notes Series 2021B, 2.000%, 12/10/21 | No Opt. Call | N/R | 34,434,639 | ||
5,530 | New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Sustainable Neighborhood Green Series 2020D-1B, 2.000%, 11/01/35 | 5/28 at 100.00 | AA+ | 5,481,281 | ||
2,020 | New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Sustainable Neighborhood Green Series 2020D-2, 0.700%, 5/01/60 (Mandatory Put 11/01/24) | 11/22 at 100.00 | AA+ | 2,026,121 | ||
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Sustainable Neighborhood Series 2018C-2A: | ||||||
3,500 | 2.200%, 11/01/21 | 4/21 at 100.00 | AA+ | 3,501,890 | ||
34,540 | 2.350%, 7/01/22 | 4/21 at 100.00 | AA+ | 34,562,106 | ||
13,000 | New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Sustainable Neighborhood Series 2018L-2, 2.750%, 5/01/50 (Mandatory Put 12/29/23) | 12/22 at 100.00 | AA+ | 13,506,090 | ||
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Sustainable Neighborhood Series 2019A-3A: | ||||||
3,730 | 3.450%, 11/01/34 | 2/27 at 100.00 | AA+ | 4,032,279 | ||
2,785 | 1.125%, 5/01/60 (Mandatory Put 11/01/24) | 5/22 at 100.00 | AA+ | 2,803,409 | ||
5,510 | New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Sustainable Neighborhood Series 2019G-1B, 2.550%, 11/01/34 | 5/27 at 100.00 | AA+ | 5,672,986 | ||
1,330 | New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, The Churchill School and Center for Learning Disabilities Inc, Short Term Auction Rate Series 1999, 2.250%, 10/01/29 – AGM Insured | No Opt. Call | AA | 1,347,915 | ||
New York City Industrial Development Agency, New York, PILOT Payment in Lieu of Taxes Revenue Bonds, Queens Baseball Stadium Project, Refunding Series 2021A: | ||||||
1,000 | 5.000%, 1/01/24 – AGM Insured | No Opt. Call | AA | 1,125,796 | ||
1,000 | 5.000%, 1/01/25 – AGM Insured | No Opt. Call | AA | 1,164,450 | ||
1,000 | 5.000%, 1/01/26 – AGM Insured | No Opt. Call | AA | 1,200,662 | ||
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2021 Subseries A: | ||||||
25,015 | 5.000%, 11/01/23 | No Opt. Call | AAA | 28,075,085 | ||
5,870 | 5.000%, 11/01/24 | No Opt. Call | AAA | 6,829,980 | ||
8,000 | 5.000%, 11/01/26 | No Opt. Call | AAA | 9,879,520 | ||
13,210 | 5.000%, 11/01/27 | No Opt. Call | AAA | 16,666,132 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
$ 13,495 | New York City, New York, General Obligation Bonds, Fiscal 2008 Series J-4, 5.000%, 8/01/24 | No Opt. Call | Aa2 | 15,512,907 | ||
New York City, New York, General Obligation Bonds, Fiscal 2021 Series A-1: | ||||||
5,000 | 5.000%, 8/01/24 | No Opt. Call | AA | 5,747,650 | ||
905 | 5.000%, 8/01/25 | No Opt. Call | AA | 1,074,271 | ||
10,025 | 5.000%, 8/01/26 | No Opt. Call | AA | 12,253,357 | ||
12,635 | 5.000%, 8/01/27 | No Opt. Call | AA | 15,821,042 | ||
5,000 | New York State Energy Research and Development Authority, Pollution Control Revenue Bonds, Rochester Gas and Electric Corporation, Series 2004A, 2.875%, 5/15/32 (Mandatory Put 7/01/25) | No Opt. Call | A1 | 5,440,700 | ||
50,000 | New York State Energy Research and Development Authority, Pollution Control Revenue Bonds, Rochester Gas and Electric Corporation, Series 2004B, 3.000%, 5/15/32 (Mandatory Put 7/01/25) (AMT) | No Opt. Call | A1 | 54,014,500 | ||
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Climate Bond Certified/Green Bond Series 2018I: | ||||||
5,020 | 2.550%, 11/01/22 | 9/20 at 100.00 | Aa2 | 5,199,917 | ||
5,250 | 2.650%, 5/01/23 | 4/21 at 100.00 | Aa2 | 5,508,667 | ||
3,000 | 2.700%, 11/01/23 | 8/22 at 100.00 | Aa2 | 3,180,540 | ||
6,480 | New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Climate Bond Certified/Sustainability Green Series 2020J, 0.750%, 5/01/25 | 7/22 at 100.00 | Aa2 | 6,485,962 | ||
15,000 | New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Climate Bond Certified/Sustainability Green Series 2020L-2, 0.750%, 11/01/25 | 1/22 at 100.00 | Aa2 | 15,003,000 | ||
8,055 | New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Refunding Series 2019C, 3.500%, 11/01/34 | 5/28 at 100.00 | Aa2 | 8,787,199 | ||
5,000 | New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Refunding Series 2020H, 2.100%, 11/01/35 | 5/29 at 100.00 | Aa2 | 5,010,950 | ||
5,000 | New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2018J, 2.500%, 5/01/22 | 4/21 at 100.00 | Aa2 | 5,005,000 | ||
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2019E: | ||||||
4,000 | 1.950%, 5/01/22 | 4/21 at 100.00 | Aa2 | 4,003,000 | ||
2,250 | 2.100%, 5/01/23 | 4/21 at 100.00 | Aa2 | 2,251,800 | ||
9,435 | New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 223, 2.650%, 10/01/34 | 10/28 at 100.00 | Aa1 | 9,841,554 | ||
2,400 | New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 225, 2.000%, 10/01/35 | 10/29 at 100.00 | Aa1 | 2,408,136 | ||
3,460 | New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 227, 2.100%, 10/01/35 | 10/29 at 100.00 | Aa1 | 3,468,996 | ||
8,490 | New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 231, 2.200%, 10/01/36 | 4/30 at 100.00 | Aa1 | 8,521,680 | ||
3,015 | New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta Air Lines, Inc - LaGuardia Airport Terminals C&D Redevelopment Project, Series 2020, 4.000%, 10/01/30 (AMT) | No Opt. Call | Baa3 | 3,502,646 | ||
1,500 | Oyster Bay, Nassau County, New York, General Obligation Bonds, Refunding Public Improvement Series 2014B, 5.000%, 8/15/21 – BAM Insured | No Opt. Call | AA | 1,524,750 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred Twenty-Six Series 2021: | ||||||
$ 3,250 | 5.000%, 10/15/22 (AMT) (WI/DD, Settling 7/20/21) | No Opt. Call | Aa3 | 3,439,981 | ||
3,200 | 5.000%, 10/15/23 (AMT) (WI/DD, Settling 7/20/21) | No Opt. Call | Aa3 | 3,522,652 | ||
4,250 | 5.000%, 10/15/24 (AMT) (WI/DD, Settling 7/20/21) | No Opt. Call | Aa3 | 4,836,726 | ||
10,000 | Rochester, New York, General Obligation Bonds, Bond Anticpation Notes Series 2020-III, 3.000%, 6/30/21 | No Opt. Call | N/R | 10,069,400 | ||
Suffolk County Economic Development Corporation, New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group Project, Series 2014: | ||||||
500 | 5.000%, 7/01/25 | 7/24 at 100.00 | A- | 571,375 | ||
500 | 5.000%, 7/01/27 | 7/24 at 100.00 | A- | 567,570 | ||
33,105 | Suffolk County, New York, General Obligation Bonds, Tax Anticipation Note Series 2021I, 2.000%, 7/22/21 | No Opt. Call | N/R | 33,284,422 | ||
10,735 | Suffolk County, New York, General Obligation Bonds, Tax Anticipation Note Series 2021-II, 2.000%, 8/19/21 | No Opt. Call | N/R | 10,805,262 | ||
12,500 | Syosett Central School District, Nassau Countym, New York, General Obligation Bonds, Tax Anticipation Note Series 2020, 2.000%, 6/25/21 | No Opt. Call | N/R | 12,551,500 | ||
2,500 | Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Variable Rate Demand Obligation Series 2005B-3 & 2005B-4, 0.387%, 1/01/32 (Mandatory Put 2/01/24) (SOFR *67% reference rate + 0.380%spread) (4) | 11/23 at 100.00 | AA- | 2,499,565 | ||
1,200 | Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute, Refunding Series 2020A Forward Delivery, 5.000%, 9/01/22 | No Opt. Call | A3 | 1,273,956 | ||
TSASC Inc, New York, Tobacco Settlement Asset-Backed Bonds, Fiscal 2017 Series A: | ||||||
3,085 | 5.000%, 6/01/21 | No Opt. Call | A | 3,107,150 | ||
2,500 | 5.000%, 6/01/22 | No Opt. Call | A | 2,632,875 | ||
3,335 | 5.000%, 6/01/23 | No Opt. Call | A | 3,660,363 | ||
1,900 | 5.000%, 6/01/26 | No Opt. Call | A | 2,308,766 | ||
Yonkers, New York, General Obligation Bonds, Series 2012C: | ||||||
2,440 | 3.000%, 8/15/22 | No Opt. Call | A | 2,530,085 | ||
2,510 | 3.000%, 8/15/23 | No Opt. Call | A | 2,660,073 | ||
690,605 | Total New York | 743,105,172 | ||||
North Carolina – 1.3% | ||||||
1,605 | Columbus County Industrial Facilities and Pollution Control Financing Authority, North Carolina, Recovery Zone Facility Bonds, International Paper Company Project, Refunding Series 2020A, 1.375%, 5/01/34 (Mandatory Put 6/16/25) | No Opt. Call | BBB | 1,640,326 | ||
10,800 | Mecklenburg County, North Carolina, General Obligation Bonds, School Series 2021A, 5.000%, 3/01/27 | No Opt. Call | AAA | 13,542,392 | ||
1,010 | North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, 1998 Trust Agreement, Series 2019-42, 2.450%, 7/01/34 | 7/28 at 100.00 | AA+ | 1,056,531 | ||
3,500 | North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, 1998 Trust Agreement, Series 2020-43, 2.625%, 1/01/35 | 1/29 at 100.00 | AA+ | 3,677,940 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
North Carolina (continued) | ||||||
North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Refunding Series 2015A: | ||||||
$ 3,070 | 5.000%, 1/01/26 | No Opt. Call | A | 3,681,267 | ||
2,870 | 5.000%, 1/01/27 | 1/26 at 100.00 | A | 3,421,327 | ||
36,670 | North Carolina State, Limited Obligation Bonds, Series 2020B, 5.000%, 5/01/24 | No Opt. Call | AA+ | 41,909,043 | ||
15,585 | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Bond Anticipation Bond Senior Lien Series 2020, 5.000%, 2/01/24 | No Opt. Call | BBB | 17,562,269 | ||
13,655 | Wake County, North Carolina, General Obligation Bonds, Refunding Series 2016A, 5.000%, 3/01/23 | No Opt. Call | AAA | 14,925,598 | ||
88,765 | Total North Carolina | 101,416,693 | ||||
North Dakota – 0.6% | ||||||
2,445 | Bismarck, Burleigh County, North Dakota, General Obligation Bonds, Refunding & Improvement Series 2020P, 4.000%, 5/01/24 | No Opt. Call | Aa1 | 2,717,251 | ||
Burleigh County, North Dakota, Health Care Revenue Bonds, Saint Alexius Medical Center Project, Series 2014A: | ||||||
1,115 | 5.000%, 7/01/21 (ETM) | No Opt. Call | N/R (5) | 1,127,008 | ||
100 | 5.000%, 7/01/22 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (5) | 101,077 | ||
Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System Obligated Group, Series 2012: | ||||||
1,000 | 4.500%, 12/01/32 | 12/21 at 100.00 | Baa2 | 1,008,530 | ||
5,000 | 5.000%, 12/01/32 | 12/21 at 100.00 | Baa2 | 5,071,150 | ||
Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System Obligated Group, Series 2017A: | ||||||
820 | 5.000%, 12/01/22 | No Opt. Call | Baa2 | 870,381 | ||
910 | 5.000%, 12/01/23 | No Opt. Call | Baa2 | 996,632 | ||
1,655 | 5.000%, 12/01/25 | No Opt. Call | Baa2 | 1,907,189 | ||
2,380 | 5.000%, 12/01/26 | No Opt. Call | Baa2 | 2,801,117 | ||
North Dakota Housing Finance Agency, Home Mortgage Finance Program Bonds, Series 2019C: | ||||||
3,640 | 2.800%, 7/01/32 | 7/28 at 100.00 | Aa1 | 3,889,777 | ||
1,425 | 3.000%, 7/01/34 | 7/28 at 100.00 | Aa1 | 1,515,730 | ||
2,500 | North Dakota Housing Finance Agency, Home Mortgage Finance Program Bonds, Series 2020A, 2.700%, 7/01/35 | 7/29 at 100.00 | Aa1 | 2,641,125 | ||
3,250 | North Dakota Housing Finance Agency, Home Mortgage Finance Program Bonds, Series 2020B, 2.100%, 7/01/35 | 1/30 at 100.00 | Aa1 | 3,264,267 | ||
Williston, North Dakota, County-Wide Public Safety Sales Tax Revenue Bonds, Series 2015A: | ||||||
2,185 | 4.000%, 7/15/21 | No Opt. Call | BBB+ | 2,204,315 | ||
2,275 | 4.000%, 7/15/22 | No Opt. Call | BBB+ | 2,358,743 | ||
2,365 | 5.000%, 7/15/23 | 7/22 at 100.00 | BBB+ | 2,497,227 | ||
2,485 | 5.000%, 7/15/24 | 7/22 at 100.00 | BBB+ | 2,619,588 | ||
5,485 | 5.000%, 7/15/25 | 7/22 at 100.00 | BBB+ | 5,773,237 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
North Dakota (continued) | ||||||
$ 800 | Williston, North Dakota, General Obligation Bonds, Refunding Improvement Series 2014, 4.000%, 5/01/21 | No Opt. Call | A+ | 802,152 | ||
41,835 | Total North Dakota | 44,166,496 | ||||
Ohio – 4.0% | ||||||
Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Revenue Bonds, Children's Hospital Medical Center, Improvement & Refunding Series 2012: | ||||||
2,000 | 5.000%, 11/15/21 | No Opt. Call | AA- | 2,057,700 | ||
2,655 | 5.000%, 11/15/22 | 5/22 at 100.00 | AA- | 2,792,980 | ||
6,000 | Allen County, Ohio, Hospital Facilities Revenue Bonds, Mercy Health, Series 2017A, 5.000%, 8/01/21 | No Opt. Call | AA- | 6,090,720 | ||
20,010 | Allen County, Ohio, Hospital Facilities Revenue Bonds, Mercy Health, Series 2017B, 5.000%, 8/01/47 (Mandatory Put 5/05/22) | No Opt. Call | AA- | 21,010,500 | ||
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Refunding Senior Lien Series 2020A-2 Class 1: | ||||||
4,000 | 5.000%, 6/01/27 | No Opt. Call | A | 4,923,720 | ||
11,375 | 5.000%, 6/01/28 | No Opt. Call | A | 14,297,010 | ||
15,850 | 5.000%, 6/01/29 | No Opt. Call | A | 20,288,634 | ||
7,680 | 5.000%, 6/01/30 | No Opt. Call | A | 9,986,995 | ||
6,205 | 5.000%, 6/01/31 | 6/30 at 100.00 | A- | 8,010,841 | ||
6,740 | 5.000%, 6/01/32 | 6/30 at 100.00 | A- | 8,644,657 | ||
2,145 | 5.000%, 6/01/33 | 6/30 at 100.00 | A- | 2,730,242 | ||
6,265 | 5.000%, 6/01/34 | 6/30 at 100.00 | A- | 7,938,068 | ||
13,740 | 5.000%, 6/01/35 | 6/30 at 100.00 | A- | 17,329,850 | ||
2,745 | 5.000%, 6/01/36 | 6/30 at 100.00 | A- | 3,440,446 | ||
2,000 | 4.000%, 6/01/37 | 6/30 at 100.00 | A- | 2,323,860 | ||
1,000 | 4.000%, 6/01/38 | 6/30 at 100.00 | A- | 1,154,690 | ||
1,000 | 4.000%, 6/01/39 | 6/30 at 100.00 | A- | 1,149,540 | ||
Chillicothe, Ohio, Hospital Facilities Revenue Bonds, Adena Health System Obligated Group Project, Refunding & Improvement Series 2017: | ||||||
1,000 | 5.000%, 12/01/21 | No Opt. Call | A- | 1,029,400 | ||
1,000 | 5.000%, 12/01/22 | No Opt. Call | A- | 1,073,400 | ||
1,225 | 5.000%, 12/01/24 | No Opt. Call | A- | 1,410,551 | ||
1,000 | 5.000%, 12/01/25 | No Opt. Call | A- | 1,185,470 | ||
1,000 | Cleveland, Ohio, Water Revenue Bonds, Series 2020FF, 5.000%, 1/01/28 | No Opt. Call | AA+ | 1,272,420 | ||
5,290 | Columbus, Ohio, General Obligation Bonds, Various Purpose Series 2018A, 5.000%, 4/01/30 | 10/28 at 100.00 | AAA | 6,825,264 | ||
1,000 | Fairfield County, Ohio, Hospital Facilities Revenue Bonds, Fairfield Medical Center Project, Series 2013, 5.000%, 6/15/21 | No Opt. Call | Ba2 | 1,007,130 | ||
1,000 | Franklin County Convention Facilities Authority, Ohio, Excise Tax and Lease Revenue Bonds, Columbus City & Franklin County Lessees, Refunding Anticipation Series 2014, 5.000%, 12/01/23 (ETM) | No Opt. Call | Aa1 (5) | 1,127,630 | ||
4,500 | Franklin County, Ohio, Revenue Bonds, CHE Trinity Health Credit Group, Variable Rate Demand Obligation Series 2013, 0.100%, 12/01/46 (Mandatory Put 5/03/21) | 5/20 at 100.00 | AA- | 4,499,965 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Ohio (continued) | ||||||
Hamilton County, Ohio, Hospital Facilities Revenue Bonds, Cincinnati Children's Hospital Medical Center, Refunding Series 2014S: | ||||||
$ 1,170 | 5.000%, 5/15/21 | No Opt. Call | AA | 1,176,166 | ||
340 | 5.000%, 5/15/22 | No Opt. Call | AA | 357,826 | ||
1,040 | 5.000%, 5/15/23 | No Opt. Call | AA | 1,141,410 | ||
1,700 | JobsOhio Beverage System, Ohio, Statewide Liquor Profits Revenue Bonds, Senior Lien Series 2013A, 5.000%, 1/01/23 | No Opt. Call | AA+ | 1,841,559 | ||
5,120 | Ohio Air Quality Development Authority, Ohio, Air Quality Development Revenue Bonds, FirstEnergy Generation Corporation Project, Series 2009A, 5.700%, 8/01/21 (7) | No Opt. Call | N/R | 6,400 | ||
4,385 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Corporation Project, Refunding Series 2009B, 3.100%, 3/01/23 (7) | No Opt. Call | N/R | 5,481 | ||
35,230 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23 (7) | No Opt. Call | N/R | 44,038 | ||
1,015 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Corporation Project, Refunding Series 2010A, 3.125%, 7/01/33 (7) | No Opt. Call | N/R | 1,269 | ||
35 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2005B, 3.125%, 1/01/34 (7) | No Opt. Call | N/R | 44 | ||
2,525 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2008B, 3.625%, 10/01/33 (7) | No Opt. Call | N/R | 3,156 | ||
10,660 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Power Company Project, Refunding Series 2005A, 2.100%, 1/01/29 (Mandatory Put 10/01/24) (AMT) | No Opt. Call | BBB+ | 11,084,801 | ||
13,950 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Power Company Project, Refunding Series 2005B, 2.100%, 7/01/28 (Mandatory Put 10/01/24) (AMT) | No Opt. Call | BBB+ | 14,513,719 | ||
1,000 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Power Company Project, Refunding Series 2005D, 2.100%, 10/01/28 (Mandatory Put 10/01/24) (AMT) | No Opt. Call | BBB+ | 1,040,310 | ||
13,260 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Power Company Project, Refunding Series 2007A, 2.500%, 8/01/40 (Mandatory Put 10/01/29) (AMT) | No Opt. Call | BBB+ | 14,325,308 | ||
10,000 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Power Company Project, Refunding Series 2007B, 2.500%, 11/01/42 (Mandatory Put 10/01/29) (AMT) | No Opt. Call | BBB+ | 10,807,900 | ||
2,205 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Power Company Project, Refunding Series 2014A, 2.400%, 12/01/38 (Mandatory Put 10/01/29) | 10/24 at 100.00 | BBB+ | 2,325,106 | ||
10,860 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Power Company Project, Refunding Series 2014B, 2.600%, 6/01/41 (Mandatory Put 10/01/29) (AMT) | 10/24 at 100.00 | BBB+ | 11,476,631 | ||
1,000 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Power Company Project, Refunding Series 2014C, 2.100%, 12/01/27 (Mandatory Put 10/01/24) (AMT) | No Opt. Call | BBB+ | 1,041,010 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Ohio (continued) | ||||||
$ 6,600 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Power Company Project, Refunding Series 2014D, 1.900%, 5/01/26 (Mandatory Put 10/01/24) | No Opt. Call | BBB+ | 6,857,862 | ||
920 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, Pratt Paper Ohio, LLC Project, Series 2017, 3.750%, 1/15/28, 144A (AMT) | No Opt. Call | N/R | 998,660 | ||
2,450 | Ohio Housing Finance Agency, Residential Mortgage Revenue Bonds, Mortgage-Backed Securities Program, Series 2019A, 3.500%, 9/01/34 | 3/28 at 100.00 | Aaa | 2,595,996 | ||
4,125 | Ohio Housing Finance Agency, Residential Mortgage Revenue Bonds, Mortgage-Backed Securities Program, Series 2019B, 2.800%, 9/01/34 | 9/28 at 100.00 | Aaa | 4,396,714 | ||
2,060 | Ohio Housing Finance Agency, Residential Mortgage Revenue Bonds, Mortgage-Backed Securities Program, Series 2020A, 2.500%, 9/01/35 | 3/29 at 100.00 | Aaa | 2,125,405 | ||
3,000 | Ohio Housing Finance Agency, Residential Mortgage Revenue Bonds, Mortgage-Backed Securities Program, Series 2021A, 2.050%, 9/01/36 (WI/DD, Settling 4/22/21) | 3/30 at 100.00 | Aaa | 3,019,374 | ||
3,505 | Ohio State, General Obligation Bonds, Common Schools Series 2013B, 4.250%, 6/15/31 (Pre-refunded 6/15/21) | 6/21 at 100.00 | AA+ (5) | 3,533,408 | ||
6,525 | Ohio State, General Obligation Bonds, Refunding Common Schools Series 2011A, 5.000%, 9/15/21 | No Opt. Call | AA+ | 6,667,898 | ||
17,630 | Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Series 2018C, 5.000%, 1/15/42 (Mandatory Put 9/15/21) | No Opt. Call | A | 17,985,597 | ||
26,000 | Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Series 2018D, 5.000%, 1/15/39 (Mandatory Put 9/15/23) | No Opt. Call | A | 28,878,200 | ||
3,315 | Ohio Water Development Authority, Pollution Control Revenue Bonds, FirstEnergy Generating Corporation Project, Refunding Series 2006A, 3.000%, 5/15/49 (7) | No Opt. Call | N/R | 4,144 | ||
5,380 | Ohio Water Development Authority, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generating Corporation Project, Refunding Series 2005B, 4.000%, 1/01/34 (7) | No Opt. Call | N/R | 6,725 | ||
1,175 | Ohio Water Development Authority, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generating Corporation Project, Refunding Series 2008B, 3.625%, 10/01/33 (7) | No Opt. Call | N/R | 1,469 | ||
7,135 | Ohio Water Development Authority, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generating Corporation Project, Refunding Series 2010A, 3.750%, 7/01/33 (7) | No Opt. Call | N/R | 8,919 | ||
120 | Ohio Water Development Authority, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generating Corporation Project, Refunding Series 2010C, 4.000%, 6/01/33 (7) | No Opt. Call | N/R | 150 | ||
2,245 | Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2006B, 4.000%, 12/01/33 (7) | No Opt. Call | N/R | 2,806 | ||
Ohio Water Development Authority, Water Pollution Control Loan Fund Revenue Bonds, Series 2020B: | ||||||
1,560 | 5.000%, 6/01/25 | No Opt. Call | AAA | 1,851,002 | ||
7,410 | 5.000%, 12/01/26 | No Opt. Call | AAA | 9,218,188 | ||
345,075 | Total Ohio | 312,946,334 | ||||
Oklahoma – 2.8% | ||||||
Bryan County School Finance Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Durant Public Schools Project, Refunding Series 2020: | ||||||
760 | 4.000%, 12/01/22 | No Opt. Call | A | 805,874 | ||
665 | 4.000%, 12/01/24 | No Opt. Call | A | 745,139 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oklahoma (continued) | ||||||
Bryan County School Finance Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Durant Public Schools Project, Series 2020: | ||||||
$ 635 | 4.000%, 9/01/23 | No Opt. Call | A | 688,765 | ||
1,195 | 4.000%, 9/01/25 | No Opt. Call | A | 1,363,172 | ||
1,600 | 2.000%, 9/01/27 | No Opt. Call | A | 1,675,632 | ||
3,910 | Canadian County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Mustang Public Schools Project, Series 2017, 4.000%, 9/01/24 | No Opt. Call | AA- | 4,382,602 | ||
6,505 | Cleveland County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Moore Public Schools Project, Series 2016, 5.000%, 6/01/23 | No Opt. Call | A+ | 7,092,792 | ||
1,250 | Cleveland County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Noble Public Schools Project, Series 2017, 5.000%, 9/01/29 | 9/27 at 100.00 | A | 1,545,437 | ||
Cleveland County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Norman Public Schools Project, Series 2019: | ||||||
2,090 | 5.000%, 6/01/21 | No Opt. Call | A+ | 2,104,588 | ||
2,850 | 5.000%, 6/01/22 | No Opt. Call | A+ | 2,996,547 | ||
3,955 | 5.000%, 6/01/24 | No Opt. Call | A+ | 4,458,986 | ||
3,220 | 5.000%, 6/01/25 | No Opt. Call | A+ | 3,738,291 | ||
1,000 | Comanche County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Elgin Public Schools Project, Series 2017A, 5.000%, 12/01/24 | No Opt. Call | A | 1,141,360 | ||
2,085 | Garfield County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Enid Public Schools Project, Series 2016A, 5.000%, 9/01/26 | No Opt. Call | A | 2,551,831 | ||
Garvin County Educational Facilities Authority, Oklahoma, Lease Revenue Bonds, Wynnewood Public Schools Project, Series 2018: | ||||||
385 | 5.000%, 9/01/24 | No Opt. Call | A- | 434,203 | ||
310 | 5.000%, 9/01/25 | No Opt. Call | A- | 359,147 | ||
200 | 5.000%, 9/01/26 | No Opt. Call | A- | 237,426 | ||
450 | 5.000%, 9/01/27 | No Opt. Call | A- | 545,225 | ||
510 | 5.000%, 9/01/29 | 9/28 at 100.00 | A- | 646,078 | ||
350 | 5.000%, 9/01/30 | 9/28 at 100.00 | A- | 441,354 | ||
1,100 | 5.000%, 9/01/31 | 9/28 at 100.00 | A- | 1,382,205 | ||
300 | 5.000%, 9/01/32 | 9/28 at 100.00 | A- | 375,612 | ||
Grady County School Finance Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Minco Public Schools Project, Series 2018: | ||||||
1,305 | 5.000%, 9/01/31 | 9/28 at 100.00 | A- | 1,639,798 | ||
1,000 | 5.000%, 9/01/32 | 9/28 at 100.00 | A- | 1,252,040 | ||
1,195 | 5.000%, 9/01/33 | 9/28 at 100.00 | A- | 1,489,974 | ||
Grady County School Finance Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Tuttle Public Schools Project, Series 2019: | ||||||
615 | 4.000%, 9/01/25 | No Opt. Call | A+ | 698,117 | ||
685 | 4.000%, 9/01/27 | No Opt. Call | A+ | 803,361 | ||
650 | 4.000%, 9/01/29 | No Opt. Call | A+ | 780,683 | ||
4,395 | Kay County Public Buildings Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Ponca City Public Schools Project, Series 2016, 5.000%, 9/01/21 | No Opt. Call | A- | 4,477,714 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oklahoma (continued) | ||||||
McClain County Economic Development Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Blanchard Public Schools Project, Series 2019: | ||||||
$ 415 | 4.000%, 9/01/21 | No Opt. Call | A | 421,217 | ||
535 | 4.000%, 9/01/22 | No Opt. Call | A | 560,878 | ||
460 | 4.000%, 9/01/23 | No Opt. Call | A | 496,874 | ||
485 | 4.000%, 9/01/24 | No Opt. Call | A | 536,492 | ||
920 | 4.000%, 9/01/25 | No Opt. Call | A | 1,037,953 | ||
1,430 | 4.000%, 9/01/26 | No Opt. Call | A | 1,641,054 | ||
600 | 4.000%, 9/01/27 | No Opt. Call | A | 697,236 | ||
675 | 4.000%, 9/01/28 | No Opt. Call | A | 794,813 | ||
615 | 4.000%, 9/01/29 | No Opt. Call | A | 731,684 | ||
Okarche Economic Development Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Okarche Public Schools Project, Series 2016: | ||||||
1,035 | 5.000%, 9/01/21 | No Opt. Call | A- | 1,054,479 | ||
1,100 | 5.000%, 9/01/27 | 9/26 at 100.00 | A- | 1,334,817 | ||
1,125 | 5.000%, 9/01/28 | 9/26 at 100.00 | A- | 1,361,059 | ||
Oklahoma City, Oklahoma, General Obligation Bonds, Refunding Series 2021: | ||||||
6,140 | 2.000%, 3/01/23 (WI/DD, Settling 5/18/21) | No Opt. Call | AAA | 6,356,059 | ||
4,640 | 2.000%, 3/01/24 (WI/DD, Settling 5/18/21) | No Opt. Call | AAA | 4,858,402 | ||
Oklahoma County Finance Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Jones Public Schools Project, Series 2020: | ||||||
590 | 4.000%, 9/01/26 | No Opt. Call | BBB+ | 674,417 | ||
1,000 | 4.000%, 9/01/27 | No Opt. Call | BBB+ | 1,160,070 | ||
1,000 | 4.000%, 9/01/28 | No Opt. Call | BBB+ | 1,173,660 | ||
1,000 | 4.000%, 9/01/29 | No Opt. Call | BBB+ | 1,184,540 | ||
1,000 | 4.000%, 9/01/30 | No Opt. Call | BBB+ | 1,195,050 | ||
1,000 | 4.000%, 9/01/31 | 9/30 at 100.00 | BBB+ | 1,188,790 | ||
1,000 | 4.000%, 9/01/32 | 9/30 at 100.00 | BBB+ | 1,183,440 | ||
Oklahoma County Finance Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Midwest City-Del City Public Schools Project, Series 2018: | ||||||
1,500 | 5.000%, 10/01/21 | No Opt. Call | A+ | 1,534,785 | ||
445 | 5.000%, 10/01/22 | No Opt. Call | A+ | 476,114 | ||
Oklahoma County Finance Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Western Heights Public Schools Project, Series 2018A: | ||||||
1,275 | 5.000%, 9/01/23 | No Opt. Call | A+ | 1,412,776 | ||
3,155 | 5.000%, 9/01/24 | No Opt. Call | A+ | 3,618,627 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oklahoma (continued) | ||||||
Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B: | ||||||
$ 600 | 5.000%, 8/15/22 | No Opt. Call | Baa3 | 629,928 | ||
2,295 | 5.000%, 8/15/24 | No Opt. Call | Baa3 | 2,587,475 | ||
1,895 | 5.000%, 8/15/25 | No Opt. Call | Baa3 | 2,195,452 | ||
1,000 | 5.000%, 8/15/26 | No Opt. Call | Baa3 | 1,187,650 | ||
3,650 | 5.000%, 8/15/27 | No Opt. Call | Baa3 | 4,426,063 | ||
1,000 | 5.000%, 8/15/28 | No Opt. Call | Baa3 | 1,233,900 | ||
5,655 | Oklahoma Development Finance Authority, Limited Obligation Revenue Bonds, Gilcrease Expressway West Project, Series 2020, 1.625%, 7/06/23 (AMT) | 6/22 at 100.00 | Baa2 | 5,683,162 | ||
1,970 | Oklahoma Development Finance Authority, Solid Waste Disposal Revenue Bonds, Series 2004A, 2.375%, 12/01/21 | No Opt. Call | A- | 1,997,127 | ||
480 | Oklahoma Housing Finance Agency, Single Family Mortgage Revenue Bonds, Homeownership Loan Program, Series 2020A, 2.650%, 9/01/35 | 3/29 at 100.00 | Aaa | 500,467 | ||
745 | Pontotoc County Educational Facilities Authority, Oklahoma, Facilities Lease Revenue Bonds, Ada Public Schools Project, Series 2014, 5.000%, 9/01/21 | No Opt. Call | A- | 759,021 | ||
Rogers County Educational Facilities Authority, Oklahoma, Lease Revenue Bonds, Verdigris Public Schools Project, Series 2018: | ||||||
1,780 | 3.000%, 9/01/22 | No Opt. Call | A+ | 1,847,604 | ||
5,255 | 4.000%, 9/01/24 | No Opt. Call | A+ | 5,839,146 | ||
Rogers County Industrial Development Authority, Oklahoma, Capital Improvement Revenue Bonds, Refunding Series 2017: | ||||||
765 | 3.000%, 4/01/21 | No Opt. Call | N/R | 765,000 | ||
800 | 3.000%, 4/01/22 | No Opt. Call | N/R | 818,896 | ||
825 | 3.000%, 4/01/23 | No Opt. Call | N/R | 862,579 | ||
850 | 3.000%, 4/01/24 | No Opt. Call | N/R | 902,249 | ||
725 | 4.000%, 4/01/25 | No Opt. Call | N/R | 805,134 | ||
770 | 4.000%, 4/01/26 | 4/25 at 100.00 | N/R | 848,886 | ||
715 | 4.000%, 4/01/27 | 4/25 at 100.00 | N/R | 781,767 | ||
Sand Springs Municipal Authority, Oklahoma, Utility System Revenue Bonds, Refunding Series 2020: | ||||||
400 | 3.000%, 11/01/31 | 11/28 at 100.00 | Aa3 | 441,364 | ||
500 | 3.000%, 11/01/32 | 11/28 at 100.00 | Aa3 | 549,210 | ||
530 | 3.000%, 11/01/33 | 11/28 at 100.00 | Aa3 | 579,597 | ||
645 | Stillwater Utilities Authority, Oklahoma, Utility System and Sales Tax Revenue Bonds, Series 2014A, 5.000%, 10/01/21 | No Opt. Call | AA- | 660,280 | ||
Texas County Development Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Guymon Public Schools Project, Series 2018: | ||||||
1,060 | 4.000%, 12/01/21 | No Opt. Call | A | 1,085,663 | ||
885 | 4.000%, 12/01/23 | No Opt. Call | A | 959,057 | ||
1,100 | 5.000%, 12/01/25 | No Opt. Call | A | 1,290,839 | ||
1,785 | Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Broken Arrow Public Schools Project, Series 2012, 4.000%, 9/01/22 | No Opt. Call | AA- | 1,880,408 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oklahoma (continued) | ||||||
Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Broken Arrow Public Schools Project, Series 2016: | ||||||
$ 1,095 | 5.000%, 9/01/22 | No Opt. Call | AA- | 1,168,891 | ||
6,740 | 5.000%, 9/01/23 | No Opt. Call | AA- | 7,504,451 | ||
Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Broken Arrow Public Schools Project, Series 2019A: | ||||||
8,175 | 5.000%, 9/01/27 | No Opt. Call | AA- | 10,158,664 | ||
10,180 | 5.000%, 9/01/28 | No Opt. Call | AA- | 12,903,150 | ||
Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Glenpool Public Schools Project, Series 2017A: | ||||||
570 | 5.000%, 9/01/22 | No Opt. Call | A+ | 607,791 | ||
765 | 5.000%, 9/01/23 | No Opt. Call | A+ | 847,865 | ||
600 | 5.000%, 9/01/24 | No Opt. Call | A+ | 687,516 | ||
1,280 | 5.000%, 9/01/25 | No Opt. Call | A+ | 1,510,630 | ||
Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Jenks Public Schools Project, Series 2015: | ||||||
2,185 | 5.000%, 9/01/21 | No Opt. Call | AA- | 2,227,935 | ||
2,010 | 5.000%, 9/01/22 | No Opt. Call | AA- | 2,145,635 | ||
Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Owasso Public Schools Project, Series 2018: | ||||||
1,650 | 5.000%, 9/01/21 | No Opt. Call | A+ | 1,681,878 | ||
1,510 | 5.000%, 9/01/22 | No Opt. Call | A+ | 1,610,113 | ||
1,050 | 5.000%, 9/01/23 | No Opt. Call | A+ | 1,163,736 | ||
Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Sand Springs Public Schools Project, Series 2019: | ||||||
325 | 5.000%, 9/01/21 | No Opt. Call | A | 331,185 | ||
725 | 5.000%, 9/01/25 | No Opt. Call | A | 853,564 | ||
500 | 4.000%, 9/01/26 | No Opt. Call | A | 577,200 | ||
630 | 5.000%, 9/01/26 | No Opt. Call | A | 755,887 | ||
1,005 | 5.000%, 9/01/27 | No Opt. Call | A | 1,242,552 | ||
1,500 | Tulsa Public Facilities Authority, Oklahoma, Capital Improvement Revenue Bonds, Series 2020, 3.000%, 5/01/24 | No Opt. Call | AA- | 1,614,525 | ||
30,465 | Tulsa, Oklahoma, General Obligation Bonds, Refunding Series 2021A, 0.750%, 2/01/23 | No Opt. Call | Aa1 | 30,758,460 | ||
Wagoner County School Development Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Wagoner Public Schools Project, Series 2019: | ||||||
910 | 4.000%, 9/01/21 | No Opt. Call | A- | 923,441 | ||
1,450 | 4.000%, 9/01/27 | No Opt. Call | A- | 1,663,875 | ||
300 | 4.000%, 9/01/28 | No Opt. Call | A- | 346,638 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oklahoma (continued) | ||||||
Weatherford Industrial Trust Educational, Oklahoma, Facilities Lease Revenue Bonds, Weatherford Public Schools Project, Series 2019: | ||||||
$ 1,200 | 5.000%, 3/01/23 | No Opt. Call | A- | 1,298,208 | ||
1,300 | 5.000%, 3/01/25 | No Opt. Call | A- | 1,500,590 | ||
1,725 | 5.000%, 3/01/27 | No Opt. Call | A- | 2,094,857 | ||
196,835 | Total Oklahoma | 217,836,400 | ||||
Oregon – 1.0% | ||||||
Benton and Linn Counties District School District 509J Corvallis, Oregon, General Obligation Bonds, Series 2018A: | ||||||
1,825 | 5.000%, 6/15/21 | No Opt. Call | AA+ | 1,842,337 | ||
1,745 | 5.000%, 6/15/22 | No Opt. Call | AA+ | 1,846,158 | ||
1,785 | 5.000%, 6/15/23 | No Opt. Call | AA+ | 1,972,086 | ||
2,315 | 5.000%, 6/15/24 | No Opt. Call | AA+ | 2,656,578 | ||
1,305 | 5.000%, 6/15/25 | No Opt. Call | AA+ | 1,549,244 | ||
1,085 | 5.000%, 6/15/26 | No Opt. Call | AA+ | 1,329,516 | ||
1,000 | 5.000%, 6/15/27 | No Opt. Call | AA+ | 1,259,330 | ||
Clackamas and Washington Counties School District 3JT, Oregon, General Obligation Bonds, Refunding Series 2015: | ||||||
11,045 | 5.000%, 6/15/25 | No Opt. Call | AA+ | 13,112,182 | ||
5,000 | 5.000%, 6/15/26 | 6/25 at 100.00 | AA+ | 5,933,500 | ||
500 | Clackamas County Hospital Facility Authority, Oregon, Revenue Bonds, Rose Villa Inc, Series 2020B-2, 2.750%, 11/15/25 | 11/21 at 100.00 | N/R | 503,355 | ||
Clackamas County School District 12, North Clackamas, Oregon, General Obligation Bonds, Series 2017B: | ||||||
2,330 | 5.000%, 6/15/27 | No Opt. Call | AA+ | 2,929,416 | ||
2,020 | 5.000%, 6/15/28 | 6/27 at 100.00 | AA+ | 2,532,433 | ||
Clackamas County School District 12, North Clackamas, Oregon, General Obligation Bonds, Series 2018: | ||||||
1,400 | 4.000%, 6/15/23 | No Opt. Call | Aa1 | 1,515,780 | ||
1,000 | 5.000%, 6/15/25 | No Opt. Call | Aa1 | 1,185,790 | ||
1,720 | Multnomah County Hospital Facilities Authority, Oregon, Revenue Bonds, Adventist Health System/West, Refunding Variable Rate Series 2019, 5.000%, 3/01/40 (Mandatory Put 3/01/25) | 9/24 at 100.00 | A+ | 1,956,517 | ||
7,500 | Oregon Business Development Commission, Economic Development Revenue Bonds, Intel Corporation Project, 250 Series 2019, 5.000%, 3/01/49 (Mandatory Put 3/01/22) (AMT) | No Opt. Call | A+ | 7,808,700 | ||
12,000 | Oregon Health and Science University, Revenue Bonds, Series 2019B-2, 5.000%, 7/01/42 (Mandatory Put 2/01/25) | 11/24 at 100.00 | AA- | 13,606,320 | ||
11,400 | Oregon State Business Development Commission, Recovery Zone Facility Revenue Bonds, Intel Corporation Project, 232 Series 2010, 2.400%, 12/01/40 (Mandatory Put 8/14/23) | No Opt. Call | A+ | 11,926,110 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oregon (continued) | ||||||
$ 1,385 | Oregon State, General Obligation Bonds, Article XI-Q State Projects Series 2020C, 5.000%, 5/01/21 | No Opt. Call | AA+ | 1,389,917 | ||
68,360 | Total Oregon | 76,855,269 | ||||
Pennsylvania – 4.6% | ||||||
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Allegheny Health Network Obligated Group Issue, Series 2018A: | ||||||
1,170 | 5.000%, 4/01/22 | No Opt. Call | A | 1,222,814 | ||
1,405 | 5.000%, 4/01/23 | No Opt. Call | A | 1,531,914 | ||
2,415 | 5.000%, 4/01/24 | No Opt. Call | A | 2,730,785 | ||
2,520 | 5.000%, 4/01/25 | No Opt. Call | A | 2,940,487 | ||
2,000 | 5.000%, 4/01/26 | No Opt. Call | A | 2,403,180 | ||
4,360 | 5.000%, 4/01/27 | No Opt. Call | A | 5,369,820 | ||
765 | Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, City Center Project, Series 2018, 5.000%, 5/01/23, 144A | No Opt. Call | Baa3 | 822,605 | ||
4,865 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2008A, 2.700%, 4/01/35 (7) | No Opt. Call | N/R | 6,081 | ||
5,055 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35 (7) | No Opt. Call | N/R | 6,319 | ||
Berks County Industrial Development Authority, Pennsylvania, Health System Revenue Bonds, Tower Health Project, Series 2017: | ||||||
2,405 | 5.000%, 11/01/25 | No Opt. Call | BB- | 2,611,950 | ||
5,110 | 5.000%, 11/01/26 | No Opt. Call | BB- | 5,593,866 | ||
3,965 | 5.000%, 11/01/27 | No Opt. Call | BB- | 4,364,593 | ||
1,925 | 5.000%, 11/01/28 | 11/27 at 100.00 | BB- | 2,087,971 | ||
1,475 | 5.000%, 11/01/29 | 11/27 at 100.00 | BB- | 1,584,047 | ||
2,240 | 4.000%, 11/01/31 | 11/27 at 100.00 | BB- | 2,262,221 | ||
2,950 | 4.000%, 11/01/32 | 11/27 at 100.00 | BB- | 2,969,647 | ||
600 | Berks County Municipal Authority, Pennsylvania, Revenue Bonds, Tower Health Project, Series 2020A, 5.000%, 2/01/25 | No Opt. Call | BB- | 645,429 | ||
4,205 | Berks County Municipal Authority, Pennsylvania, Revenue Bonds, Tower Health Project, Series 2020B-1, 5.000%, 2/01/40 (Mandatory Put 2/01/25) | 8/24 at 101.73 | BB- | 4,510,956 | ||
10,000 | Berks County Municipal Authority, Pennsylvania, Revenue Bonds, Tower Health Project, Series 2020B-2, 5.000%, 2/01/40 (Mandatory Put 2/01/27) | 8/26 at 101.63 | BB- | 10,898,300 | ||
2,500 | Berks County Municipal Authority, Pennsylvania, Revenue Bonds, Tower Health Project, Series 2020B-3, 5.000%, 2/01/40 (Mandatory Put 2/01/30) | 8/29 at 101.50 | BB- | 2,778,175 | ||
1,000 | Capital Region Water, Pennsylvania, Water Revenue Bonds, Series 2018, 5.000%, 7/15/25 | No Opt. Call | A+ | 1,165,050 | ||
2,125 | Clarion County Industrial Development Authority, Pennsylvania, Revenue Bonds, Pennsylvania-American Water Company Project, Refunding Series 2019, 2.450%, 12/01/39 (Mandatory Put 12/03/29) (AMT) | 12/29 at 100.00 | A+ | 2,255,284 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
Commonwealth Financing Authority, Pennsylvania, Revenue Bonds, Refunding Forward Delivery Series 2020A: | ||||||
$ 1,500 | 5.000%, 6/01/24 | No Opt. Call | A1 | 1,706,250 | ||
2,820 | 5.000%, 6/01/25 | No Opt. Call | A1 | 3,311,639 | ||
3,000 | 5.000%, 6/01/26 | No Opt. Call | A1 | 3,621,060 | ||
Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master Settlement, Series 2018: | ||||||
2,050 | 5.000%, 6/01/21 | No Opt. Call | A1 | 2,064,596 | ||
2,145 | 5.000%, 6/01/22 | No Opt. Call | A1 | 2,258,256 | ||
2,530 | 5.000%, 6/01/23 | No Opt. Call | A1 | 2,775,208 | ||
3,205 | 5.000%, 6/01/24 | No Opt. Call | A1 | 3,644,598 | ||
5,660 | Geisinger Authority, Montour County, Pennsylvania, Health System Revenue Bonds, Geisinger Health System, Series 2020B, 5.000%, 4/01/43 (Mandatory Put 2/15/27) | 8/26 at 100.00 | AA- | 6,912,105 | ||
10,205 | Geisinger Authority, Montour County, Pennsylvania, Health System Revenue Bonds, Geisinger Health System, Series 2020C, 5.000%, 4/01/43 (Mandatory Put 4/01/30) | 10/29 at 100.00 | AA- | 13,163,327 | ||
13,475 | Lehigh County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, Pennsylvania Power and Light Company, Series 2016A, 1.800%, 9/01/29 (Mandatory Put 9/01/22) | No Opt. Call | A1 | 13,746,656 | ||
9,025 | Lehigh County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, Pennsylvania Power and Light Company, Series 2016B, 1.800%, 2/15/27 (Mandatory Put 8/15/22) | No Opt. Call | A1 | 9,201,258 | ||
Lower Merion School District, Montgomery County, Pennsylvania, General Obligation Bonds, Series 2019: | ||||||
2,660 | 4.000%, 11/15/29 | 11/27 at 100.00 | Aaa | 3,192,559 | ||
4,480 | 4.000%, 11/15/30 | 11/27 at 100.00 | Aaa | 5,335,322 | ||
Lower Merion School District, Montgomery County, Pennsylvania, General Obligation Bonds, Series 2021: | ||||||
3,295 | 5.000%, 11/15/25 | No Opt. Call | Aaa | 3,977,304 | ||
3,525 | 5.000%, 11/15/26 | No Opt. Call | Aaa | 4,381,874 | ||
8,065 | Luzerne County Industrial Development Authority, Pennsylvania, Revenue Bonds, Pennsylvania-American Water Company Project, Refunding Series 2019, 2.450%, 12/01/39 (Mandatory Put 12/03/29) (AMT) | 12/29 at 100.00 | A+ | 8,633,421 | ||
Manheim Township School District, Lancaster County, Pennsylvania, General Obligation Bonds, Series 2020: | ||||||
1,000 | 4.000%, 2/01/26 | No Opt. Call | Aa2 | 1,159,980 | ||
1,000 | 4.000%, 2/01/27 | No Opt. Call | Aa2 | 1,185,130 | ||
3,450 | Montgomery County Higher Education and Health Authority, Pennsylvania, Hospital Revenue Bonds, Abington Memorial Hospital Obligated Group, Series 2012A, 5.000%, 6/01/23 (Pre-refunded 6/01/22) | 6/22 at 100.00 | N/R (5) | 3,641,026 | ||
504 | Northampton County Industrial Development Authority, Pennsylvania, Recovery Revenue Bonds, Northampton Generating Project, Senior Lien Series 2013A0 & AE2, 1.250%, 12/31/23 | 5/21 at 100.00 | N/R | 126,042 | ||
170 | Northampton County Industrial Development Authority, Pennsylvania, Recovery Revenue Bonds, Northampton Generating Project, Senior Lien Taxable Series 2013B, 1.250%, 12/31/23 (cash 5.000%, PIK 5.000%) | No Opt. Call | N/R | 42,510 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
$ 5,945 | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, Shippingport Project, First Energy Guarantor, Series 2005A, 3.750%, 12/01/40 (7) | No Opt. Call | N/R | 7,431 | ||
3,565 | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, Shippingport Project, First Energy Guarantor, Series 2006A, 2.550%, 11/01/41 (7) | No Opt. Call | N/R | 4,456 | ||
9,020 | Pennsylvania Economic Development Financing Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Project, Series 2009, 2.800%, 12/01/33 (Mandatory Put 12/01/21) | No Opt. Call | A- | 9,170,273 | ||
3,805 | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Association of Independent Colleges & Universities of Pennsylvania Financing Program, York College Project, Series 2014T-3, 2.850%, 5/01/34 (Mandatory Put 5/01/21) | No Opt. Call | A- | 3,809,946 | ||
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Association of Independent Colleges and Universities of Pennsylvania Financing Program-Messiah College Project, Series 2001-14: | ||||||
1,655 | 2.200%, 11/01/31 (Pre-refunded 11/01/21) (Mandatory Put 11/01/21) | 11/21 at 100.00 | A- (5) | 1,673,999 | ||
3,500 | 2.720%, 11/01/31 (Pre-refunded 5/01/21) (Mandatory Put 5/01/21) | 5/21 at 100.00 | A- (5) | 3,506,370 | ||
1,270 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2017-122, 3.250%, 10/01/28 | 4/26 at 100.00 | AA+ | 1,369,251 | ||
5,000 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2017-124B, 3.200%, 10/01/32 | 10/26 at 100.00 | AA+ | 5,302,600 | ||
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2017-125A: | ||||||
3,390 | 3.000%, 4/01/27 (AMT) | No Opt. Call | AA+ | 3,683,201 | ||
3,345 | 3.050%, 10/01/27 (AMT) | 4/27 at 100.00 | AA+ | 3,630,663 | ||
8,830 | 3.400%, 10/01/32 (AMT) | 4/27 at 100.00 | AA+ | 9,483,508 | ||
1,025 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2019-128A, 3.650%, 10/01/32 (AMT) | 10/27 at 100.00 | AA+ | 1,097,796 | ||
2,555 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2019-129, 2.950%, 10/01/34 | 10/28 at 100.00 | AA+ | 2,694,426 | ||
7,000 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2019-130A, 2.500%, 10/01/34 | 10/28 at 100.00 | AA+ | 7,253,750 | ||
4,850 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2020-132A, 2.300%, 10/01/35 | 10/29 at 100.00 | AA+ | 4,979,737 | ||
6,285 | Pennsylvania Intergovernmental Cooperative Authority, Special Tax Revenue Bonds, Philadelphia Funding Program, Refunding Series 2020 Forward Delivery, 5.000%, 6/15/21 | No Opt. Call | AAA | 6,343,199 | ||
4,505 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Series 2019 Forward Delivery, 5.000%, 12/01/23 | No Opt. Call | A1 | 5,078,937 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Second Series 2016B-2: | ||||||
$ 2,405 | 5.000%, 6/01/21 | No Opt. Call | A3 | 2,421,979 | ||
15,175 | 5.000%, 6/01/22 | No Opt. Call | A3 | 15,955,298 | ||
23,675 | 5.000%, 6/01/23 | No Opt. Call | A3 | 25,921,284 | ||
12,500 | 5.000%, 6/01/24 | No Opt. Call | A3 | 14,176,625 | ||
8,095 | 5.000%, 6/01/24 – AGM Insured | No Opt. Call | AA | 9,290,389 | ||
5,680 | 5.000%, 6/01/25 | No Opt. Call | A3 | 6,606,862 | ||
4,265 | 5.000%, 6/01/29 | 6/26 at 100.00 | A3 | 5,115,441 | ||
Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Saint Joseph?s University Project, Refunding Series 2020C Forward Delivery: | ||||||
540 | 4.000%, 11/01/24 | No Opt. Call | A- | 598,396 | ||
1,000 | 5.000%, 11/01/25 | No Opt. Call | A- | 1,177,220 | ||
850 | 5.000%, 11/01/26 | No Opt. Call | A- | 1,025,916 | ||
1,000 | 5.000%, 11/01/27 | No Opt. Call | A- | 1,233,600 | ||
1,000 | 5.000%, 11/01/28 | No Opt. Call | A- | 1,256,620 | ||
1,000 | 5.000%, 11/01/29 | No Opt. Call | A- | 1,276,750 | ||
Philadelphia School District, Pennsylvania, General Obligation Bonds, Refunding Series 2020 Forward Delivery: | ||||||
5,000 | 5.000%, 9/01/21 | No Opt. Call | A+ | 5,096,150 | ||
3,000 | 5.000%, 9/01/22 | No Opt. Call | A+ | 3,198,030 | ||
7,180 | Philadelphia School District, Pennsylvania, General Obligation Bonds, Tax & Revenue Anticipation Note Series 2020-21A, 4.000%, 6/30/21 | No Opt. Call | N/R | 7,249,000 | ||
7,470 | Philadelphia, Pennsylvania, Tax and Revenue Anticipation Notes, Series A of 2020-2021, 4.000%, 6/30/21 | No Opt. Call | N/R | 7,542,160 | ||
Pittsburgh Public Parking Authority, Pennsylvania, Parking System Revenue Bonds, Refunding Series 2015A: | ||||||
1,365 | 5.000%, 12/01/21 (ETM) | No Opt. Call | N/R (5) | 1,408,083 | ||
460 | 5.000%, 12/01/21 | No Opt. Call | A+ | 473,373 | ||
420 | 5.000%, 12/01/22 (ETM) | No Opt. Call | N/R (5) | 453,230 | ||
810 | 5.000%, 12/01/22 | No Opt. Call | A+ | 867,362 | ||
2,285 | Quakertown General Authority Health Facilities Revenue USDA Loan Anticipation Notes and Revenue Bonds for LifeQuest Obligated Group, Pennsylvania, Series 2017A, 3.125%, 7/01/21 | 4/21 at 100.00 | N/R | 2,274,603 | ||
1,930 | Scranton-Lackawanna Health and Welfare Authority, Pennsylvania, University Revenue Bonds, Marywood University, Series 2016, 3.375%, 6/01/26 | No Opt. Call | BB+ | 1,957,889 | ||
2,555 | Southeastern Pennsylvania Transportation Authority, Capital Grant Receipts Bonds, Federal Transit Administration Section 5309 Fixed Guideway Modernization Formula Funds, Series 2011, 5.000%, 6/01/23 | No Opt. Call | AA- | 2,816,606 | ||
1,290 | Southeastern Pennsylvania Transportation Authority, Capital Grant Receipts Bonds, Federal Transit Administration Section 5337 State of Good Repair Formula Program Funds, Refunding Series 2017, 5.000%, 6/01/24 | No Opt. Call | AA- | 1,473,038 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
Washington County Industrial Development Authority, Pennsylvania, College Revenue Bonds, AICUP Financing Program-Washington and Jefferson College Project, Series 2017-PP5: | ||||||
$ 1,045 | 5.000%, 11/01/21 | No Opt. Call | A- | 1,071,825 | ||
2,410 | 5.000%, 11/01/22 | No Opt. Call | A- | 2,578,025 | ||
2,530 | 5.000%, 11/01/23 | No Opt. Call | A- | 2,802,203 | ||
2,665 | 5.000%, 11/01/24 | No Opt. Call | A- | 3,037,567 | ||
2,550 | 5.000%, 11/01/25 | No Opt. Call | A- | 2,989,442 | ||
3,295 | West Shore Area Authority, Cumberland County, Pennsylvania, Hospital Revenue Bonds, Holy Spirit Hospital of the Sisters of Christian Charity, Series 2011B, 5.625%, 1/01/32 (Pre-refunded 1/01/22) | 1/22 at 100.00 | A1 (5) | 3,428,645 | ||
600 | Westmoreland County Industrial Development Authority, Pennsylvania, Revenue Bonds, Excela Health Project, Series 2020A, 4.000%, 7/01/22 | No Opt. Call | Baa1 | 622,416 | ||
1,170 | Williamsport Sanitary Authority, Lycoming County, Pennsylvania, Sewer Revenue Bonds, Series 2021, 5.000%, 1/01/22 – BAM Insured | No Opt. Call | AA | 1,211,797 | ||
351,579 | Total Pennsylvania | 362,538,982 | ||||
Puerto Rico – 1.8% | ||||||
5,945 | Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2008A, 6.125%, 7/01/24 | No Opt. Call | CCC | 6,509,478 | ||
Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A: | ||||||
8,005 | 5.250%, 7/01/24 | 7/22 at 100.00 | CCC | 8,445,275 | ||
4,375 | 4.250%, 7/01/25 | 7/22 at 100.00 | CCC | 4,558,356 | ||
1,000 | 5.250%, 7/01/29 | 7/22 at 100.00 | CCC | 1,055,000 | ||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1: | ||||||
17,664 | 0.000%, 7/01/24 | No Opt. Call | N/R | 16,600,627 | ||
29,865 | 0.000%, 7/01/27 | No Opt. Call | N/R | 26,201,162 | ||
13,465 | 0.000%, 7/01/29 | 7/28 at 98.64 | N/R | 11,106,201 | ||
34,360 | 0.000%, 7/01/31 | 7/28 at 91.88 | N/R | 26,340,033 | ||
38,601 | 0.000%, 7/01/33 | 7/28 at 86.06 | N/R | 27,448,013 | ||
13,212 | 4.500%, 7/01/34 | 7/25 at 100.00 | N/R | 14,285,343 | ||
105 | 0.000%, 7/01/46 | 7/28 at 41.38 | N/R | 32,174 | ||
166,597 | Total Puerto Rico | 142,581,662 | ||||
Rhode Island – 0.1% | ||||||
1,360 | Rhode Island Economic Development Corporation, Airport Revenue Bonds, Refunding Series 2013B, 5.000%, 7/01/21 | No Opt. Call | A- | 1,374,579 | ||
4,000 | Rhode Island Housing & Mortgage Finance Corporation, Homeownership Opportunity Bond Program, 2019 Series 70, 2.800%, 10/01/34 | 10/28 at 100.00 | AA+ | 4,228,120 | ||
2,595 | Rhode Island Housing & Mortgage Finance Corporation, Homeownership Opportunity Bonds, Series 73-A, 2.100%, 10/01/35 | 10/29 at 100.00 | AA+ | 2,615,890 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Rhode Island (continued) | ||||||
$ 1,120 | Rhode Island Housing and Mortgage Finance Corporation, Homeownership Opportunity Bond Program, Series 2020-72A, 2.300%, 10/01/35 | 10/29 at 100.00 | AA+ | 1,148,190 | ||
9,075 | Total Rhode Island | 9,366,779 | ||||
South Carolina – 2.0% | ||||||
30,000 | Beaufort County School District, South Carolina, General Obligation Bonds, Tax Anticipation Notes Series 2021, 3.000%, 6/30/21 | No Opt. Call | N/R | 30,216,480 | ||
Florence County, South Carolina, General Obligation Bonds, Series 2021: | ||||||
15,670 | 5.000%, 6/01/24 | No Opt. Call | Aa2 | 17,962,740 | ||
16,940 | 5.000%, 6/01/25 | No Opt. Call | Aa2 | 20,084,615 | ||
17,410 | 5.000%, 6/01/26 | No Opt. Call | Aa2 | 21,289,862 | ||
18,965 | 5.000%, 6/01/27 | No Opt. Call | Aa2 | 23,834,251 | ||
Greenville County School District, South Carolina, Installment Purchase Revenue Bonds, Building Equity Sooner Series 2012: | ||||||
3,385 | 5.000%, 12/01/21 | No Opt. Call | AA | 3,494,573 | ||
4,960 | 5.000%, 12/01/22 | No Opt. Call | AA | 5,360,173 | ||
1,040 | Lexington County Health Services District, Inc, South Carolina, Hospital Revenue Bonds, Refunding Series 2011, 5.000%, 11/01/22 | 11/21 at 100.00 | A1 | 1,067,674 | ||
350 | Lexington County Health Services District, Inc, South Carolina, Hospital Revenue Bonds, Refunding Series 2017, 5.000%, 11/01/26 | No Opt. Call | A1 | 428,792 | ||
4,285 | Patriots Energy Group Financing Agency, South Carolina, Gas Supply Revenue Bonds, Series 2018A, 4.000%, 10/01/48 (Mandatory Put 2/01/24) | 11/23 at 100.30 | Aa2 | 4,678,620 | ||
1,090 | South Carolina Housing Finance and Development Authority, Mortgage Revenue Bonds, Series 2019B, 2.650%, 7/01/34 | 1/29 at 100.00 | Aaa | 1,139,039 | ||
2,970 | South Carolina Housing Finance and Development Authority, Mortgage Revenue Bonds, Series 2020B, 2.000%, 7/01/35 | 1/30 at 100.00 | Aaa | 2,968,277 | ||
South Carolina Jobs-Economic Development Authority, Economic Development Revenue Bonds, FMU Student Housing LLC - Francis Marion University Project, Series 2014A: | ||||||
1,020 | 5.000%, 8/01/22 | No Opt. Call | Baa3 | 1,046,316 | ||
1,035 | 5.000%, 8/01/24 | No Opt. Call | Baa3 | 1,118,773 | ||
4,595 | South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Bon Secours Mercy Health, Inc, Series 2020B, 5.000%, 12/01/48 (Mandatory Put 10/01/25) | No Opt. Call | AA- | 5,425,408 | ||
South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Palmetto Health, Refunding Series 2013A: | ||||||
1,450 | 5.250%, 8/01/24 (Pre-refunded 8/01/23) | 8/23 at 100.00 | N/R (5) | 1,618,838 | ||
2,850 | 5.250%, 8/01/25 (Pre-refunded 8/01/23) | 8/23 at 100.00 | N/R (5) | 3,181,854 | ||
3,505 | 5.250%, 8/01/26 (Pre-refunded 8/01/23) | 8/23 at 100.00 | N/R (5) | 3,913,122 | ||
2,000 | 5.000%, 8/01/27 (Pre-refunded 8/01/23) | 8/23 at 100.00 | N/R (5) | 2,221,300 | ||
1,765 | South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2014C, 5.000%, 12/01/21 | No Opt. Call | A | 1,819,874 | ||
1,255 | South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2016A, 5.000%, 12/01/22 | No Opt. Call | A | 1,352,539 | ||
136,540 | Total South Carolina | 154,223,120 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
South Dakota – 0.1% | ||||||
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, Series 2014B: | ||||||
$ 585 | 4.000%, 11/01/21 | No Opt. Call | A+ | 597,531 | ||
650 | 5.000%, 11/01/24 | No Opt. Call | A+ | 753,031 | ||
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, Series 2015: | ||||||
800 | 5.000%, 11/01/21 | No Opt. Call | A+ | 821,712 | ||
1,130 | 5.000%, 11/01/22 | No Opt. Call | A+ | 1,213,417 | ||
4,500 | South Dakota Housing Development Authority, Homeownership Mortgage Revenue Bonds, Series 2018A, 3.550%, 11/01/33 | 5/27 at 100.00 | AAA | 4,838,535 | ||
1,560 | South Dakota Housing Development Authority, Homeownership Mortgage Revenue Bonds, Series 2021A, 1.900%, 11/01/36 | 5/30 at 100.00 | AAA | 1,535,469 | ||
9,225 | Total South Dakota | 9,759,695 | ||||
Tennessee – 1.2% | ||||||
Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds, CommonSpirit Health, Series 2019A-1: | ||||||
1,250 | 5.000%, 8/01/25 | No Opt. Call | BBB+ | 1,466,850 | ||
1,750 | 5.000%, 8/01/26 | No Opt. Call | BBB+ | 2,112,547 | ||
Knox County Health, Educational and Housing Facility Board, Tennessee, Hospital Revenue Bonds, East Tennessee Children's Hospital, Series 2019: | ||||||
2,335 | 5.000%, 11/15/32 | 2/29 at 100.00 | A | 2,871,513 | ||
2,810 | 5.000%, 11/15/33 | 2/29 at 100.00 | A | 3,443,037 | ||
6,150 | Knoxville, Tennessee, Wastewater System Revenue Bonds, Refunding Series 2021A, 4.000%, 4/01/25 (WI/DD, Settling 4/19/21) | No Opt. Call | AA+ | 7,012,530 | ||
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Belmont University Project, Series 2012: | ||||||
500 | 4.000%, 11/01/21 | No Opt. Call | A+ | 509,985 | ||
1,030 | 5.000%, 11/01/22 | 11/21 at 100.00 | A+ | 1,056,203 | ||
21,315 | Metropolitan Government of Nashville-Davidson County, Tennessee, General Obligation Bonds, Improvement Series 2021C, 5.000%, 1/01/25 | No Opt. Call | AA | 24,932,603 | ||
Metropolitan Government of Nashville-Davidson County, Tennessee, Water and Sewerage Revenue Bonds, Refunding Subordinate Lien Series 2012: | ||||||
2,715 | 5.000%, 7/01/21 | No Opt. Call | AA- | 2,747,010 | ||
1,890 | 5.000%, 7/01/22 | No Opt. Call | AA- | 2,004,874 | ||
1,720 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2015-1C, 3.850%, 7/01/32 | 1/25 at 100.00 | AA+ | 1,837,562 | ||
4,815 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2019-1, 3.400%, 7/01/34 | 7/28 at 100.00 | AA+ | 5,216,764 | ||
4,920 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2019-2, 2.800%, 7/01/34 | 7/28 at 100.00 | AA+ | 5,211,608 | ||
750 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2020-3A, 2.100%, 7/01/35 | 7/29 at 100.00 | AA+ | 769,777 | ||
2,000 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2021-1, 2.050%, 7/01/36 (WI/DD, Settling 4/28/21) | 7/30 at 100.00 | AA+ | 2,014,691 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tennessee (continued) | ||||||
$ 8,360 | The Tennessee Energy Acquisition Corporation, Gas Project Revenue Bonds, Series 2018, 4.000%, 11/01/49 (Mandatory Put 11/01/25) | 8/25 at 100.22 | A2 | 9,488,349 | ||
21,710 | The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006C, 4.000%, 5/01/48 (Mandatory Put 5/01/23) | 2/23 at 100.43 | A2 | 23,196,918 | ||
86,020 | Total Tennessee | 95,892,821 | ||||
Texas – 5.5% | ||||||
Austin Convention Enterprises Inc, Texas, Convention Center Hotel Revenue Bonds, Refunding First Tier Series 2017A: | ||||||
1,660 | 5.000%, 1/01/26 | No Opt. Call | BB+ | 1,873,708 | ||
1,290 | 5.000%, 1/01/27 | No Opt. Call | BB+ | 1,478,108 | ||
1,920 | 5.000%, 1/01/29 | 1/27 at 100.00 | BB+ | 2,163,437 | ||
5,000 | Austin Independent School District, Travis County, Texas, General Obligation Bonds, School Building Series 2020, 5.000%, 8/01/21 | No Opt. Call | Aaa | 5,079,050 | ||
1,850 | Austin, Texas, Electric Utility System Revenue Bonds, Refunding & Improvement Series 2020A, 5.000%, 11/15/25 | No Opt. Call | AA | 2,223,682 | ||
5,835 | Board of Regents of the University of Texas System, Revenue Financing System Bonds, Series 2020C, 5.000%, 8/15/31 | No Opt. Call | AAA | 7,978,487 | ||
5,115 | Central Texas Regional Mobility Authority, Revenue Bonds, Anticipation Notes Subordinate Lien Series 2020F, 5.000%, 1/01/25 | 7/24 at 100.00 | BBB+ | 5,803,939 | ||
9,210 | Central Texas Regional Mobility Authority, Revenue Bonds, Anticipation Notes Subordinate Lien Series 2021C, 5.000%, 1/01/27 (WI/DD, Settling 4/14/21) | 1/26 at 100.00 | BBB+ | 10,876,593 | ||
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2016: | ||||||
1,430 | 5.000%, 1/01/22 | No Opt. Call | A- | 1,477,705 | ||
2,500 | 5.000%, 1/01/23 | No Opt. Call | A- | 2,696,325 | ||
3,570 | 5.000%, 1/01/24 | No Opt. Call | A- | 3,997,222 | ||
Corpus Christi Business and Job Development Corporation, Texas, Sales Tax Revenue Bonds, Arena Project, Refunding Series 2014: | ||||||
1,000 | 5.000%, 9/01/21 | No Opt. Call | AA | 1,015,720 | ||
650 | 5.000%, 9/01/22 | No Opt. Call | AA | 684,873 | ||
5,000 | Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds, Refunding Senior Lien Series 2019, 5.000%, 12/01/24 | No Opt. Call | AA+ | 5,832,250 | ||
4,000 | Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds, Refunding Senior Lien Series 2020B Forward Delivery, 5.000%, 12/01/23 | No Opt. Call | AA+ | 4,501,640 | ||
Dallas, Texas, Waterworks and Sewer System Revenue Bonds, Refunding Series 2020C: | ||||||
2,000 | 5.000%, 10/01/21 | No Opt. Call | AAA | 2,048,080 | ||
2,000 | 5.000%, 10/01/22 | No Opt. Call | AAA | 2,142,960 | ||
2,000 | 5.000%, 10/01/23 | No Opt. Call | AAA | 2,235,180 | ||
30,640 | Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding & Improvement Series 2016, 1.600%, 11/01/21, 144A (AMT) | No Opt. Call | A | 30,860,302 | ||
1,010 | Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2014A, 5.250%, 11/01/26 (AMT) | 11/23 at 100.00 | A+ | 1,133,624 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
El Paso, El Paso County, Texas, Water and Sewer Revenue Bonds, Refunding Series 2019B: | ||||||
$ 2,525 | 5.000%, 3/01/23 | No Opt. Call | AA+ | 2,753,361 | ||
2,660 | 5.000%, 3/01/24 | No Opt. Call | AA+ | 3,013,940 | ||
3,000 | 5.000%, 3/01/25 | No Opt. Call | AA+ | 3,513,270 | ||
3,945 | 5.000%, 3/01/26 | No Opt. Call | AA+ | 4,760,589 | ||
4,160 | 5.000%, 3/01/27 | No Opt. Call | AA+ | 5,148,208 | ||
1,020 | 5.000%, 3/01/28 | No Opt. Call | AA+ | 1,290,310 | ||
9,000 | Fort Worth, Texas, General Obligation Bonds, Refunding Improvment Series 2020, 4.000%, 3/01/22 | No Opt. Call | AA | 9,314,190 | ||
18,000 | Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Bond Anticipation Note Series 2014A, 5.000%, 2/01/23 | No Opt. Call | A+ | 19,378,260 | ||
5,135 | Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Health System, Series 2019B-1, 5.000%, 7/01/49 (Mandatory Put 12/01/22) | 9/22 at 100.88 | A+ | 5,524,490 | ||
3,260 | Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Health System, Series 2019B-2, 5.000%, 7/01/49 (Mandatory Put 12/01/24) | 9/24 at 100.84 | A+ | 3,777,916 | ||
3,090 | Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Healthcare System, Series 2014A, 5.000%, 12/01/24 | No Opt. Call | A+ | 3,585,976 | ||
17,500 | Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Texas Childrens Hospital, Series 2019B, 5.000%, 10/01/41 (Mandatory Put 10/01/24) | No Opt. Call | AA | 20,224,575 | ||
5,205 | Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Senior Lien Series 2014A, 5.000%, 11/15/24 – AGM Insured | No Opt. Call | AA | 5,953,167 | ||
Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series 2018C: | ||||||
4,000 | 5.000%, 7/01/29 (AMT) | 7/28 at 100.00 | AA | 4,963,080 | ||
6,000 | 5.000%, 7/01/30 (AMT) | 7/28 at 100.00 | AA | 7,393,440 | ||
3,000 | 5.000%, 7/01/31 (AMT) | 7/28 at 100.00 | AA | 3,671,850 | ||
6,500 | Houston, Texas, Combined Utility System Revenue Bonds, Refunding First Lien Series 2020A Forward Delivery, 5.000%, 11/15/32 | 11/30 at 100.00 | AA | 8,661,965 | ||
Love Field Airport Modernization Corporation, Texas, General Airport Revenue Bonds Series 2015: | ||||||
1,000 | 5.000%, 11/01/21 (AMT) | No Opt. Call | A1 | 1,026,610 | ||
1,720 | 5.000%, 11/01/22 (AMT) | No Opt. Call | A1 | 1,844,425 | ||
1,455 | 5.000%, 11/01/23 (AMT) | No Opt. Call | A1 | 1,617,465 | ||
1,500 | 5.000%, 11/01/24 (AMT) | No Opt. Call | A1 | 1,721,655 | ||
3,950 | Matagorda County Navigation District 1, Texas, Pollution Control Revenue Bonds, Central Power & Light Company Project, Refunding Series 1996, 0.900%, 5/01/30 (Mandatory Put 9/01/23) (AMT) | No Opt. Call | A- | 3,958,571 | ||
520 | McCamey County Hospital District, Texas, General Obligation Bonds, Series 2013, 4.000%, 12/01/21 | No Opt. Call | B1 | 525,647 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
$ 2,175 | Mission Economic Development Corporation, Texas, Revenue Bonds, Natgasoline Project, Senior Lien Series 2018, 4.625%, 10/01/31, 144A (AMT) | 10/21 at 105.00 | BB- | 2,311,764 | ||
North Central Texas Health Facilities Development Corporation, Texas, Revenue Bonds, Children's Medical Center Dallas Project, Series 2012: | ||||||
2,795 | 5.000%, 8/15/21 | No Opt. Call | AA | 2,843,577 | ||
2,010 | 5.000%, 8/15/22 | No Opt. Call | AA | 2,140,489 | ||
6,415 | 5.000%, 8/15/23 (Pre-refunded 8/15/22) | 8/22 at 100.00 | AA (5) | 6,837,877 | ||
7,650 | North Texas Tollway Authority, Special Projects System Revenue Bonds, Current Interest Series 2011D, 5.000%, 9/01/24 (Pre-refunded 9/01/21) | 9/21 at 100.00 | N/R (5) | 7,800,934 | ||
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2014A: | ||||||
4,030 | 5.000%, 1/01/22 (ETM) | No Opt. Call | A+ (5) | 4,174,878 | ||
4,950 | 5.000%, 1/01/23 | No Opt. Call | A+ | 5,351,346 | ||
7,045 | 5.000%, 1/01/24 | No Opt. Call | A+ | 7,922,948 | ||
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2017A: | ||||||
5,000 | 5.000%, 1/01/23 | No Opt. Call | A+ | 5,405,400 | ||
3,260 | 5.000%, 1/01/24 | 1/23 at 100.00 | A+ | 3,528,396 | ||
3,200 | 5.000%, 1/01/27 | 1/26 at 100.00 | A+ | 3,831,200 | ||
San Antonio, Texas, General Obligation Bonds, General Improvement Series 2020: | ||||||
5,570 | 5.000%, 8/01/28 | No Opt. Call | AAA | 7,170,484 | ||
4,010 | 5.000%, 8/01/29 | No Opt. Call | AAA | 5,265,210 | ||
1,000 | Tarrant County Cultural Education Facilities Finance Corporation, Texas, Retirement Facility Revenue Bonds, MRC Methodist Retirement Communities Stevenson Oaks Project, Mandatory Paydown Series 2020B-2, 3.000%, 11/15/26 | 5/22 at 100.00 | N/R | 1,006,850 | ||
3,725 | Texas Department of Housing and Community Affairs, Residential Mortgage Revenue Bonds, Premium Series 2019A, 3.500%, 7/01/34 | 7/28 at 100.00 | Aaa | 4,073,734 | ||
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, LBJ Infrastructure Group LLC IH-635 Managed Lanes Project, Refunding Series 2020A: | ||||||
3,000 | 4.000%, 12/31/30 | No Opt. Call | Baa2 | 3,576,300 | ||
4,000 | 4.000%, 6/30/31 | 12/30 at 100.00 | Baa2 | 4,732,360 | ||
105,970 | Texas State, General Obligation Bonds, Tax & Revenue Anticipation Note Series 2020, 4.000%, 8/26/21 | No Opt. Call | N/R | 107,642,207 | ||
Texas Water Development Board, State Revolving Fund Revenue Bonds, Series 2020: | ||||||
1,000 | 3.000%, 8/01/21 | No Opt. Call | AAA | 1,009,370 | ||
1,250 | 5.000%, 8/01/23 | No Opt. Call | AAA | 1,389,375 | ||
1,500 | 5.000%, 8/01/25 | No Opt. Call | AAA | 1,790,490 | ||
Texas Water Development Board, State Water Implementation Revenue Fund Bonds, Master Trust Taxable Series 2018A: | ||||||
7,030 | 5.000%, 10/15/23 | No Opt. Call | AAA | 7,878,099 | ||
13,040 | 5.000%, 10/15/24 | No Opt. Call | AAA | 15,154,306 | ||
395,450 | Total Texas | 432,563,439 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Utah – 0.4% | ||||||
$ 9,725 | Central Utah Water Conservancy District, Utah, General Obligation Bonds, Refunding Limited Tax Series 2021A, 5.000%, 4/01/25 | No Opt. Call | AA+ | 11,465,407 | ||
2,075 | Utah Associated Municipal Power Systems, Revenue Bonds, Horse Butte Wind Project, Series 2012A, 5.000%, 9/01/21 | No Opt. Call | AA- | 2,114,487 | ||
5,040 | Utah County, Utah, Hospital Revenue Bonds, IHC Health Services Inc, Series 2020B-1, 5.000%, 5/15/60 (Mandatory Put 8/01/24) | 2/24 at 102.15 | AA+ | 5,797,058 | ||
Utah State, General Obligation Bonds, Series 2020B: | ||||||
5,805 | 5.000%, 7/01/21 | No Opt. Call | AAA | 5,873,151 | ||
4,000 | 5.000%, 7/01/23 | No Opt. Call | AAA | 4,432,920 | ||
26,645 | Total Utah | 29,683,023 | ||||
Virginia – 1.5% | ||||||
10,250 | 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 | 11,422,395 | ||
Fairfax County Economic Development Authority, Virginia, Revenue Bonds, Wiehle Avenue Metrorail Station Parking Project, Refunding Series 2020 Forward Delivery: | ||||||
2,160 | 5.000%, 8/01/24 | No Opt. Call | AA+ | 2,489,184 | ||
2,095 | 5.000%, 8/01/25 | No Opt. Call | AA+ | 2,493,762 | ||
2,045 | 5.000%, 8/01/26 | No Opt. Call | AA+ | 2,506,740 | ||
2,850 | 5.000%, 8/01/27 | No Opt. Call | AA+ | 3,578,631 | ||
1,600 | 5.000%, 8/01/29 | No Opt. Call | AA+ | 2,088,960 | ||
11,000 | Halifax County Industrial Development Authority, Virginia, Recovery Zone Facility Revenue Bonds, Virginia Electric & Power Compnay Project, Sereis 2010A, 0.450%, 12/01/41 (Mandatory Put 4/01/22) | No Opt. Call | A2 | 11,002,090 | ||
Loudoun County Economic Development Authority, Virginia, Lease Revenue Bonds, Public Facilities Project, Refunding Series 2020A: | ||||||
10,700 | 5.000%, 12/01/22 | No Opt. Call | AA+ | 11,559,531 | ||
11,105 | 5.000%, 12/01/23 | No Opt. Call | AA+ | 12,494,458 | ||
5,240 | Norfolk Economic Development Authority, Virginia, Hospital Facility Revenue Bonds, Sentara Healthcare Systems, Refunding Series 2018A, 5.000%, 11/01/48 (Mandatory Put 11/01/28) | No Opt. Call | AA | 6,632,006 | ||
4,980 | Virginia Beach Development Authority, Virginia, Public Facilities Revenue Bonds, Refunding Series 2020B, 5.000%, 8/01/23 | No Opt. Call | AA+ | 5,522,969 | ||
Virginia Beach Development Authority, Virginia, Public Facilities Revenue Bonds, Series 2020A: | ||||||
8,895 | 5.000%, 4/15/23 | No Opt. Call | AA+ | 9,758,527 | ||
8,815 | 5.000%, 4/15/24 | No Opt. Call | AA+ | 10,040,814 | ||
11,260 | Virginia Public School Authority, Literary Trust Fund State Appropriation Bonds, School Technology and Security Notes, Series 2020-VIII, 5.000%, 4/15/21 | No Opt. Call | AA+ | 11,275,314 | ||
9,360 | Wise County Industrial Development Authority, Virginia, Solid Waste and Sewage Disposal Revenue Bonds, Virginia Electric and Power Company, Series 2009A, 0.750%, 10/01/40 (Mandatory Put 9/02/25) | No Opt. Call | A2 | 9,329,393 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Virginia (continued) | ||||||
$ 4,040 | Wise County Industrial Development Authority, Virginia, Solid Waste and Sewage Disposal Revenue Bonds, Virginia Electric and Power Company, Series 2010A, 1.200%, 11/01/40 (Mandatory Put 5/31/24) | No Opt. Call | A2 | 4,111,952 | ||
106,395 | Total Virginia | 116,306,726 | ||||
Washington – 2.3% | ||||||
10,060 | Energy Northwest, Washington, Electric Revenue Bonds, Columbia Generating Station, Refunding Series 2015A, 5.000%, 7/01/23 | No Opt. Call | Aa2 | 11,139,237 | ||
5,025 | Energy Northwest, Washington, Electric Revenue Bonds, Nuclear Project 1, Refunding Series 2015C, 5.000%, 7/01/25 | No Opt. Call | Aa2 | 5,974,423 | ||
10,590 | Energy Northwest, Washington, Electric Revenue Bonds, Nuclear Project 1, Refunding Series 2017A, 5.000%, 7/01/27 | No Opt. Call | Aa2 | 13,344,141 | ||
King and Pierce Counties School District 408 Auburn, Washington, General Obligation Bonds, Refunding Series 2020: | ||||||
4,110 | 5.000%, 12/01/21 | No Opt. Call | Aaa | 4,241,931 | ||
1,310 | 5.000%, 12/01/22 | No Opt. Call | Aaa | 1,414,774 | ||
3,105 | 5.000%, 12/01/23 | No Opt. Call | Aaa | 3,494,398 | ||
3,000 | 5.000%, 12/01/24 | No Opt. Call | Aaa | 3,498,150 | ||
2,000 | 5.000%, 12/01/25 | No Opt. Call | Aaa | 2,407,420 | ||
King County Public Hospital District 1, Washington, Limited Tax General Obligation Bonds, Valley Medical Center, Refunding Series 2016: | ||||||
6,485 | 5.000%, 12/01/23 | No Opt. Call | A2 | 7,212,228 | ||
7,285 | 5.000%, 12/01/24 | No Opt. Call | A2 | 8,365,730 | ||
13,045 | King County, Washington, Sewer Revenue Bonds, Refunding Junior Lien Series 2020A, 0.625%, 1/01/32 (Mandatory Put 1/01/24) | 7/23 at 100.00 | AA | 13,062,219 | ||
1,630 | Spokane Public Facilities District, Washington, Hotel, Motel, and Sales Use Tax Revenue Bonds, Refunding Series 2013B, 5.000%, 12/01/21 | No Opt. Call | A1 | 1,668,126 | ||
12,105 | Spokane, Washington, Water and Wastewater System Revenue Bonds, Green Series 2014, 4.000%, 12/01/32 | 12/24 at 100.00 | AA | 13,433,524 | ||
2,050 | Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019A-2, 5.000%, 8/01/27 | No Opt. Call | BBB+ | 2,532,837 | ||
4,020 | Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019B-1, 5.000%, 8/01/49 (Mandatory Put 8/01/24) | 2/24 at 100.00 | BBB+ | 4,499,908 | ||
4,000 | Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019B-2, 5.000%, 8/01/49 (Mandatory Put 8/01/25) | 2/25 at 100.00 | BBB+ | 4,623,120 | ||
8,250 | Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019B-3, 5.000%, 8/01/49 (Mandatory Put 8/01/26) | 2/26 at 100.00 | BBB+ | 9,817,252 | ||
Washington Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer Research Center, Series 2015: | ||||||
5,730 | 5.000%, 1/01/22 | No Opt. Call | A+ | 5,928,143 | ||
1,950 | 5.000%, 1/01/24 | No Opt. Call | A+ | 2,186,184 | ||
1,310 | 5.000%, 1/01/25 | No Opt. Call | A+ | 1,517,504 | ||
1,065 | Washington Health Care Facilities Authority, Revenue Bonds, PeaceHealth, Refunding Series 2014A, 5.000%, 11/15/21 (ETM) | No Opt. Call | AA- (5) | 1,096,002 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Washington (continued) | ||||||
Washington Health Care Facilities Authority, Revenue Bonds, Providence Health & Services, Series 2012B: | ||||||
$ 10,000 | 4.000%, 10/01/42 (Mandatory Put 10/01/21) | No Opt. Call | AA- | 10,184,500 | ||
11,000 | 5.000%, 10/01/42 (Mandatory Put 10/01/21) | No Opt. Call | AA- | 11,256,740 | ||
Washington Health Care Facilities Authority, Revenue Bonds, Providence Saint Joseph Health, Series 2018B: | ||||||
1,290 | 5.000%, 10/01/25 | No Opt. Call | AA- | 1,538,828 | ||
1,950 | 5.000%, 10/01/26 | No Opt. Call | AA- | 2,395,536 | ||
3,010 | 5.000%, 10/01/27 | No Opt. Call | AA- | 3,792,389 | ||
2,110 | 5.000%, 10/01/28 | No Opt. Call | AA- | 2,716,941 | ||
1,620 | Washington State, General Obligation Bonds, Motor Vehicle Fuel Tax & Vehicle Related Fees Series 2020E, 5.000%, 6/01/22 | No Opt. Call | Aaa | 1,711,650 | ||
Washington State, General Obligation Bonds, Refunding Motor Vehicle Fuel Tax, Triple Pledge SR 520 Toll Series R-2021A Forward Delivery: | ||||||
2,000 | 5.000%, 6/01/24 | No Opt. Call | Aaa | 2,296,020 | ||
4,750 | 5.000%, 6/01/25 | No Opt. Call | Aaa | 5,636,070 | ||
20,175 | Washington State, General Obligation Bonds, Refunding Various Purpose Series 2013R-13C, 5.000%, 7/01/21 | No Opt. Call | Aaa | 20,412,460 | ||
166,030 | Total Washington | 183,398,385 | ||||
West Virginia – 0.4% | ||||||
6,025 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Appalachian Power Company - Amos Project, Refunidng Series 2015A, 2.550%, 3/01/40 (Mandatory Put 4/01/24) | No Opt. Call | A- | 6,355,290 | ||
6,845 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Appalachian Power Company - Amos Project, Series 2010, 0.625%, 12/01/38 (Mandatory Put 12/15/25) | No Opt. Call | A- | 6,776,396 | ||
5,365 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Appalachian Power Company - Amos Project, Series 2011A, 1.000%, 1/01/41 (Mandatory Put 9/01/25) (AMT) | No Opt. Call | A- | 5,382,222 | ||
4,010 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Appalachian Power Company - Amos Project, Seriess 2009A, 2.625%, 12/01/42 (Mandatory Put 6/01/22) | No Opt. Call | A- | 4,114,781 | ||
4,000 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Appalachian Power Company - Amos Project, Seriess 2009B, 2.625%, 12/01/42 (Mandatory Put 6/01/22) | No Opt. Call | A- | 4,104,520 | ||
4,095 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Wheeling Power Company - Mitchell Project, Series 2013A, 3.000%, 6/01/37 (Mandatory Put 4/01/22) (AMT) | No Opt. Call | A- | 4,206,261 | ||
1,075 | West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Charleston Area Medical Center, Series 2014A, 5.000%, 9/01/24 | No Opt. Call | Baa1 | 1,226,328 | ||
31,415 | Total West Virginia | 32,165,798 | ||||
Wisconsin – 1.1% | ||||||
10,000 | Milwaukee, Milwaukee County, Wisconsin, Revenue Anticipation Notes, Series 2020-M8, 5.000%, 7/01/21 | No Opt. Call | N/R | 10,120,600 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wisconsin (continued) | ||||||
$ 4,200 | Public Finance Authority of Wisconsin, Retirement Facilities First Mortgage Revenue Bonds, Whitestone Masonic and Eastern Star Home of Norht Carolina, Series 2020B-2, 3.000%, 3/01/26, 144A | 5/21 at 100.00 | N/R | 4,201,638 | ||
1,000 | Public Finance Authority, Wisconsin, Exempt Facilities Revenue Bonds, Celanese Project, Refunding Series 2016A, 5.000%, 1/01/24 (AMT) | No Opt. Call | BBB- | 1,099,210 | ||
Public Finance Authority, Wisconsin, Exempt Facilities Revenue Bonds, Celanese Project, Refunding Series 2016C: | ||||||
2,250 | 4.050%, 11/01/30 | 5/26 at 100.00 | BBB- | 2,469,105 | ||
5,000 | 4.300%, 11/01/30 (AMT) | 5/26 at 100.00 | BBB- | 5,546,900 | ||
2,845 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care, Inc, Series 2012A, 5.000%, 7/15/27 – AGM Insured (Pre-refunded 7/15/21) | 7/21 at 100.00 | Aa3 (5) | 2,883,436 | ||
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ministry Health Care, Inc, Refunding 2012C: | ||||||
1,480 | 5.000%, 8/15/21 (ETM) | No Opt. Call | N/R (5) | 1,506,004 | ||
95 | 5.000%, 8/15/23 (Pre-refunded 8/15/22) | 8/22 at 100.00 | N/R (5) | 101,262 | ||
6,330 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Hospital Sisters Services, Inc, Refunding Series 2014A, 5.000%, 11/15/22 | No Opt. Call | A+ | 6,805,636 | ||
6,010 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Marshfield Clinic Health System, Inc, Series 2020B-1, 5.000%, 2/15/52 (Mandatory Put 2/15/25) | 8/24 at 100.00 | A- | 6,827,120 | ||
3,150 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, ProHealth Care, Inc Obligated Group, Refunding Series 2015, 3.375%, 8/15/29 | 8/24 at 100.00 | A+ | 3,356,168 | ||
4,000 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Saint Camillus Health System Inc, TEMPS 50 Series 2019B-3, 2.250%, 11/01/26 | 11/21 at 100.00 | N/R | 3,991,640 | ||
4,080 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Saint Camillus Health System Inc, TEMPS 70 Series 2019B-2, 2.550%, 11/01/27 | 11/21 at 100.00 | N/R | 4,082,938 | ||
6,250 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Saint Camillus Health System Inc, TEMPS 85 Series 2019B-1, 2.825%, 11/01/28 | 11/21 at 100.00 | N/R | 6,260,312 | ||
Wisconsin Housing and Ecconomic Development Authority, Home Ownership Revenue Bonds, Series 2019C: | ||||||
1,770 | 2.200%, 3/01/31 | 9/28 at 100.00 | AA | 1,832,747 | ||
1,785 | 2.200%, 9/01/31 | 9/28 at 100.00 | AA | 1,844,565 | ||
4,930 | 2.500%, 9/01/34 | 9/28 at 100.00 | AA | 5,111,177 | ||
Wisconsin Housing and Economic Development Authority, Housing Revenue Bonds, Series 2019A: | ||||||
1,700 | 1.550%, 11/01/38 (Mandatory Put 11/01/21) | 5/21 at 100.00 | AA | 1,703,604 | ||
6,000 | 1.600%, 11/01/48 (Mandatory Put 11/01/22) | 11/21 at 100.00 | AA | 6,045,780 | ||
5,325 | Wisconsin State, General Obligation Bonds, Refunding Series 2021-1, 5.000%, 5/01/27 | No Opt. Call | Aa1 | 6,685,267 | ||
WPPI Energy, Wisconsin, Power Supply System Revenue Bonds, Refunding Series 2014A: | ||||||
670 | 5.000%, 7/01/25 | 7/24 at 100.00 | A1 | 769,616 | ||
1,060 | 5.000%, 7/01/26 | 7/24 at 100.00 | A1 | 1,215,004 | ||
725 | 5.000%, 7/01/27 | 7/24 at 100.00 | A1 | 828,247 | ||
80,655 | Total Wisconsin | 85,287,976 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wyoming – 0.3% | ||||||
$ 20,175 | Sweetwater County, Wyoming, Pollution Control Revenue Refunding Bonds, Idaho Power Company Project, Series 2006, 1.700%, 7/15/26 | No Opt. Call | A1 | 20,774,601 | ||
2,500 | Wyoming Community Development Authority, Housing Revenue Bonds, 2019 Series 3, 2.450%, 12/01/34 | 12/28 at 100.00 | AA+ | 2,588,075 | ||
1,225 | Wyoming Community Development Authority, Housing Revenue Bonds, 2020 Series 1, 2.625%, 12/01/35 | 6/29 at 100.00 | AA+ | 1,283,812 | ||
2,500 | Wyoming Community Development Authority, Housing Revenue Bonds, 2020 Series 2, 2.100%, 12/01/35 | 6/30 at 100.00 | AA+ | 2,519,900 | ||
26,400 | Total Wyoming | 27,166,388 | ||||
$ 6,901,296 | Total Municipal Bonds (cost $7,185,873,294) | 7,397,803,318 |
Shares | Description (1) | Value | ||||
COMMON STOCKS – 1.0% | ||||||
Electric Utilities – 1.0% | ||||||
2,813,414 | Energy Harbor Corp (8), (9), (10) | $ 79,597,109 | ||||
Total Common Stocks (cost $57,727,850) | 79,597,109 | |||||
Total Long-Term Investments (cost $7,243,601,144) | 7,477,400,427 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
SHORT-TERM INVESTMENTS – 4.2% | ||||||
MUNICIPAL BONDS – 4.2% | ||||||
National – 1.0% | ||||||
$ 3,095 | BB&T Municipal Trust Pool Tax Exempt Lease Certificates, Variable Rate Demand Obligations, Class C Series 2018, 0.850%, 11/30/21 (SIFMA reference rate + 0.800% spread), 144A (4) | No Opt. Call | A+ | $3,095,007 | ||
57,400 | JPMorgan Chase Putters/Drivers Trust Various States, Variable Rate Demand Obligations, Series 5027 , 0.230%, 6/01/21 (AMT) (Mandatory Put 3/31/21), 144A | No Opt. Call | F1+ | 57,400,000 | ||
10,000 | JPMorgan Chase Putters/Drivers Trust Various States, Variable Rate Demand Obligations, Series 5028, 0.230%, 6/01/21 (AMT) (Mandatory Put 3/31/21), 144A | No Opt. Call | F1+ | 10,000,000 | ||
10,000 | JPMorgan Chase Putters/Drivers Trust Various States, Variable Rate Demand Obligations, Series 5029, 0.230%, 12/01/21 (AMT) (Mandatory Put 3/31/21), 144A | No Opt. Call | F1+ | 10,000,000 | ||
80,495 | Total National | 80,495,007 | ||||
Alabama – 0.4% | ||||||
5,070 | Mobile Industrial Development Board, Alabama, Pollution Control Revenue Refunding Bonds, Alabama Power Company Barry Plan, Variable Rate Demand Obligations, Series 2007A, 1.000%, 6/01/34 (Mandatory Put 6/26/25) (11) | No Opt. Call | A | 5,129,066 | ||
23,435 | Mobile Industrial Development Board, Alabama, Pollution Control Revenue Refunding Bonds, Alabama Power Company Barry Plan, Variable Rate Demand Obligations, Series 2008, 2.900%, 7/15/34 (Mandatory Put 12/12/23) (11) | No Opt. Call | F1 | 24,984,053 | ||
28,505 | Total Alabama | 30,113,119 | ||||
California – 0.6% | ||||||
36,380 | California Health Facilities Financing Authority, Revenue Bonds, Kaiser Permanante System, Variable Rate Demand Obligations, Series 2006C, 5.000%, 6/01/41 (Mandatory Put 11/01/29) (11) | No Opt. Call | AA- | 47,917,189 | ||
Colorado – 0.1% | ||||||
5,865 | Colorado Springs, Colorado, Utilities System Revenue Bonds, Variable Rate Demand Subordinate Lien Improvement, Variable Rate Demand Obligations, Series 2006B, 0.090%, 11/01/36 (Mandatory Put 4/07/21) (11) | 3/21 at 100.00 | A-1 | 5,865,000 | ||
Connecticut – 0.2% | ||||||
20,000 | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Variable Rate Demand Obligations, Series 2020C-3, 0.050%, 11/15/50 (Mandatory Put 4/07/21) (11) | No Opt. Call | A-1+ | 20,000,000 | ||
Florida – 0.6% | ||||||
18,680 | Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project, Variable Rate Demand Obligations, Series 2019A, 6.250%, 1/01/49 (AMT) (Mandatory Put 1/01/24), 144A (11) | 6/21 at 103.00 | N/R | 18,401,855 | ||
24,750 | JEA, Florida, Electric System Revenue Bonds, Variable Rate Demand Obligations, Series Three 2008C-2, 0.050%, 10/01/34 (Mandatory Put 4/07/21) (11) | 3/21 at 100.00 | A-1 | 24,750,000 | ||
3,100 | Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of Miami, Variable Rate Demand Obligations, Tender Option Bond Trust Series 2018-XM0676, 0.170%, 4/01/53 (Mandatory Put 4/07/21), 144A (11) | 4/28 at 100.00 | VMIG2 | 3,100,000 | ||
46,530 | Total Florida | 46,251,855 | ||||
Illinois – 0.1% |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
$ 6,100 | Peoria County, Illinois, General Obligation Bonds, Alternate Revenue Source, Variable Rate Demand Obligations, Tender Option Bond Floater 16-XM0274, 0.230%, 12/15/41 (Mandatory Put 4/07/21), 144A (11) | No Opt. Call | A-1 | $ 6,100,000 | ||
New Jersey – 0.1% | ||||||
3,500 | New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Variable Rate Demand Obligations, Tender Option Bond Floater 2018-020, 0.120%, 11/01/39 (AMT) (Mandatory Put 4/07/21), 144A (11) | 11/27 at 100.00 | A-1 | 3,500,000 | ||
1,470 | New Jersey Turnpike Authority, Revenue Bonds, Tender Option Bond Floater, Variable Rate Demand Obligations, Series 2017-ZM0566, 0.190%, 7/01/25 (Mandatory Put 4/07/21), 144A (11) | No Opt. Call | A-1 | 1,470,000 | ||
4,970 | Total New Jersey | 4,970,000 | ||||
North Carolina – 0.2% | ||||||
8,345 | North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, Tender Option Bond Trust, Variable Rate Demand Obligations, 2017-YX1052, 0.080%, 7/01/37 (Mandatory Put 4/07/21), 144A (11) | 1/27 at 100.00 | VMIG1 | 8,345,000 | ||
5,600 | Raleigh, North Carolina, Certificates of Participation, Downtown Improvement Project, Variable Rate Demand Obligations, Series 2005B-1, 0.070%, 2/01/34 (Mandatory Put 4/07/21) (11) | 8/21 at 100.00 | A-1 | 5,600,000 | ||
13,945 | Total North Carolina | 13,945,000 | ||||
Ohio – 0.6% | ||||||
45,000 | Ohio State, Capital Facilities Lease-Appropriation Bonds, Adult Correctional Building Fund Projects, Variable Rate Demand Obligations, Series 2019C, 0.060%, 10/01/39 (Mandatory Put 4/07/21) (11) | 3/21 at 100.00 | A-1+ | 45,000,000 | ||
Oklahoma – 0.0% | ||||||
1,200 | Oklahoma Water Resources Board, Revolving Fund Revenue Bonds, Master Trust, Variable Rate Demand Obligations, Series 2020A, 5.000%, 4/01/21 | No Opt. Call | N/R | 1,200,000 | ||
Pennsylvania – 0.1% | ||||||
12,350 | Mercer County, Pennsylvania, General Obligation Bonds, Variable Rate Demand Obligations, Series 2011, 0.070%, 10/01/31 – AGM Insured (Mandatory Put 4/07/21) (11) | 3/21 at 100.00 | A-1 | 12,350,000 | ||
Tennessee – 0.1% | ||||||
10,000 | Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds, Catholic Health Initiatives, Variable Rate Demand Obligations, Series 2004C, 0.120%, 5/01/39 (Mandatory Put 4/07/21) (11) | 3/21 at 100.00 | A-2 | 10,000,000 | ||
Washington – 0.0% | ||||||
3,000 | Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Variable Rate Demand Obligations, Tender Option Bond Trust 2018-ZM0679, 0.150%, 7/01/26 (Mandatory Put 4/07/21), 144A (11) | No Opt. Call | VMIG3 | 3,000,000 | ||
Wisconsin – 0.1% | ||||||
5,165 | Public Finance Authority of Wisconsin, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Variable Rate Demand Obligations, Refunding Series 2016A-3, 2.000%, 7/01/29 (AMT) (Mandatory Put 6/01/21) (11) | No Opt. Call | A-2 | 5,177,706 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wisconsin (continued) | ||||||
$319,505 | Total Short-Term Investments (cost $330,300,446) | 332,384,876 | ||||
Total Investments (cost $7,573,901,590) – 99.2% | 7,809,785,303 | |||||
Other Assets Less Liabilities – 0.8% | 61,990,836 | |||||
Net Assets – 100% | $7,871,776,139 |
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns. Optional Call Provisions are not covered by the report of independent registered public accounting firm. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. Ratings are not covered by the report of independent registered public accounting firm. | |
(4) | Variable rate security. The rate shown is the coupon as of the end of the reporting period. | |
(5) | Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. | |
(6) | Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding. The rate shown is the coupon as of the end of the reporting period. | |
(7) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(8) | Common Stock received as part of the bankruptcy settlements during February 2020 for Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35, Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2008A, 2.700%, 4/01/35, Ohio Air Quality Development Authority, Ohio, Air Quality Development Revenue Bonds, FirstEnergy Generation Corporation Project, Series 2009A, 5.700%, 8/01/20, Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Corporation Project, Refunding Series 2009B, 3.100%, 3/01/23, Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23,Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2006B, 0.000%, 1/01/34,Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2008B, 3.625%, 10/01/33, Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2005B, 4.000%, 1/01/34, Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2006A, 3.000%, 5/15/20, Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2006B, 4.000%, 12/01/33, Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2008B, 3.625%, 10/01/33, Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2010A, 3.750%, 7/01/33, Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2010C, 4.000%, 6/01/33, Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, Shippingport Project, First Energy Guarantor, Series 2005A, 3.750%, 12/01/40, Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, Shippingport Project, First Energy Guarantor, Series 2006A, 2.550%, 11/01/41. | |
(9) | For fair value measurement disclosure purposes, investment classified as Level 2. See Notes to Financial Statements, Note 3 - Investment Valuation and Fair Value Measurements for more information. | |
(10) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
(11) | 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 | |
PIK | Payment-in-kind (“PIK”) security. Depending on the terms of the security, income may be received in the form of cash, securities, or a combination of both. The PIK rate shown, where applicable, represents the annualized rate of the last PIK payment made by the issuer as of the end of the reporting period. | |
SIFMA | Securities Industry and Financial Market Association | |
SOFR | Secured Overnight Financing Rate | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TERM INVESTMENTS – 92.3% | ||||||
MUNICIPAL BONDS – 92.2% | ||||||
Alabama – 2.7% | ||||||
$ 1,000 | Birmingham Airport Authority, Alabama, Airport Revenue Bonds, Series 2020, 5.000%, 7/01/27 – BAM Insured | No Opt. Call | AA | 1,236,670 | ||
6,335 | Black Belt Energy Gas District, Alabama, Gas PrePay Revenue Bonds, Project 3 Series 2018A, 4.000%, 12/01/48 (Mandatory Put 12/01/23) | 9/23 at 100.31 | A2 | 6,880,950 | ||
4,105 | Black Belt Energy Gas District, Alabama, Gas Supply Revenue Bonds, Series 2017A, 4.000%, 8/01/47 (Mandatory Put 7/01/22) | 4/22 at 100.52 | Aa2 | 4,274,701 | ||
Chatom Industrial Development Board, Alabama, Gulf Opportunity Zone Revenue Bonds, PowerSouth Energy Cooperative, Refunding Series 2020: | ||||||
285 | 5.000%, 8/01/21 – AGM Insured | No Opt. Call | AA | 289,073 | ||
385 | 5.000%, 8/01/22 – AGM Insured | No Opt. Call | AA | 407,322 | ||
450 | 5.000%, 8/01/23 – AGM Insured | No Opt. Call | AA | 496,845 | ||
7,335 | Southeast Alabama Gas Supply District, Alabama, Gas Supply Revenue Bonds, Project 2, Fixed Rate Series 2018A, 4.000%, 6/01/49 (Mandatory Put 6/01/24) | 3/24 at 100.29 | A1 | 8,071,287 | ||
700 | Tuscaloosa County Industrial Development Authority, Alabama, Gulf Opportunity Zone Bonds, Hunt Refining Project, Refunding Series 2019A, 4.500%, 5/01/32, 144A | 5/29 at 100.00 | N/R | 779,541 | ||
20,595 | Total Alabama | 22,436,389 | ||||
Alaska – 0.2% | ||||||
1,565 | Alaska State, International Airport System Revenue Bonds, Refunding Series 2010A, 5.000%, 10/01/23 (AMT) | 4/21 at 100.00 | A1 | 1,568,334 | ||
Arizona – 3.2% | ||||||
1,320 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2007, 2.700%, 12/01/37 (Mandatory Put 8/14/23) (AMT) | No Opt. Call | A+ | 1,386,700 | ||
6,880 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2019, 5.000%, 6/01/49 (Mandatory Put 6/03/24) (AMT) | No Opt. Call | A+ | 7,813,410 | ||
1,820 | Coconino County, Arizona, Pollution Control Revenue Bonds, Nevada Power Company Project, Refunding Series 2017A, 1.875%, 9/01/32 (Mandatory Put 3/31/23) (AMT) | No Opt. Call | A+ | 1,868,048 | ||
Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth, Series 2019A: | ||||||
450 | 5.000%, 9/01/22 | No Opt. Call | A+ | 479,048 | ||
500 | 5.000%, 9/01/23 | No Opt. Call | A+ | 555,815 | ||
2,450 | Maricopa County Unified School District 4 Mesa, Arizona, General Obligation Bonds, School Improvement, Project of 2018 Series 2020C, 5.000%, 7/01/25 | No Opt. Call | Aa2 | 2,901,559 | ||
1,250 | Maricopa County Unified School District 48, Scottsdale, Arizona, General Obligation Bonds, Refunding Series 2020, 5.000%, 7/01/24 | No Opt. Call | Aa1 | 1,437,600 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arizona (continued) | ||||||
Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2019B: | ||||||
$ 1,500 | 5.000%, 7/01/24 (AMT) | No Opt. Call | A1 | 1,707,900 | ||
3,500 | 5.000%, 7/01/26 (AMT) | No Opt. Call | A1 | 4,210,115 | ||
1,000 | Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien Series 2017A, 5.000%, 7/01/21 (AMT) | No Opt. Call | Aa3 | 1,011,080 | ||
2,375 | Yavapai County Industrial Development Authority, Arizona, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Series 2002, 2.800%, 6/01/27 (Mandatory Put 6/01/21) (AMT) | No Opt. Call | A- | 2,383,787 | ||
23,045 | Total Arizona | 25,755,062 | ||||
California – 3.9% | ||||||
5,605 | California Health Facilities Financing Authority, Revenue Bonds, Kaiser Permanente System, Series 2017C, 5.000%, 8/01/31 (Mandatory Put 11/01/22) | No Opt. Call | AA- | 6,028,906 | ||
4,000 | California Infrastructure and Economic Development Bank, Revenue Bonds, Brightline West Passenger Rail Project, Series 2020A, 0.450%, 1/01/50 (Mandatory Put 7/01/21), 144A (AMT) | 7/21 at 100.00 | Aaa | 4,000,440 | ||
4,000 | Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2017A-1, 5.000%, 6/01/21 | No Opt. Call | A | 4,028,920 | ||
2,990 | Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Bond Anticipation Notes Series 2017, 0.000%, 4/01/22 (ETM) | No Opt. Call | Aa1 (4) | 2,985,844 | ||
7,465 | San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Refunding Second Series 2017D, 5.000%, 5/01/23 (AMT) | No Opt. Call | A1 | 8,190,150 | ||
7,000 | San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Refunding Second Series 2019H, 5.000%, 5/01/21 (ETM) (AMT) | No Opt. Call | A1 (4) | 7,023,660 | ||
31,060 | Total California | 32,257,920 | ||||
Colorado – 3.8% | ||||||
Bromley Park Metropolitan District No 2, In the City of Brighton, Adams and Weld Counties, Colorado, Senior General Obligation Limited Tax Refunding Bonds, Series 2018A: | ||||||
250 | 5.000%, 12/01/21 – BAM Insured | No Opt. Call | AA | 257,553 | ||
550 | 5.000%, 12/01/22 – BAM Insured | No Opt. Call | AA | 590,843 | ||
1,200 | Colorado Health Facilities Authority, Colorado, Health Facilities Revenue Bonds, The Evangelical Lutheran Good Samaritan Society Project, Refunding Series 2017, 5.000%, 6/01/21 (ETM) | No Opt. Call | N/R (4) | 1,208,988 | ||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Boulder Community Health Project, Series 2020: | ||||||
400 | 5.000%, 10/01/21 | No Opt. Call | A- | 408,976 | ||
300 | 5.000%, 10/01/23 | No Opt. Call | A- | 332,583 | ||
350 | 5.000%, 10/01/24 | No Opt. Call | A- | 401,082 | ||
200 | 5.000%, 10/01/25 | No Opt. Call | A- | 236,048 | ||
250 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-2, 5.000%, 8/01/25 | No Opt. Call | BBB+ | 293,370 | ||
2,325 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019B-1, 5.000%, 8/01/49 (Mandatory Put 8/01/25) | 2/25 at 100.00 | BBB+ | 2,687,188 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
$ 190 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Valley View Hospital Association, Series 2017A, 5.000%, 5/15/21 | No Opt. Call | A- | 190,969 | ||
Crystal Valley Metropolitan District 2, Douglas County, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2020A: | ||||||
140 | 5.000%, 12/01/23 – AGM Insured | No Opt. Call | AA | 156,881 | ||
175 | 5.000%, 12/01/24 – AGM Insured | No Opt. Call | AA | 202,675 | ||
2,000 | Denver City and County, Colorado, Airport System Revenue Bonds, Series 2017A, 5.000%, 11/15/21 (AMT) | No Opt. Call | AA- | 2,057,340 | ||
1,000 | Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013A, 5.000%, 11/15/22 (AMT) | No Opt. Call | A+ | 1,073,960 | ||
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2018A: | ||||||
5,000 | 5.000%, 12/01/22 (AMT) | No Opt. Call | A+ | 5,379,950 | ||
2,000 | 5.000%, 12/01/25 (AMT) | No Opt. Call | A+ | 2,380,000 | ||
1,000 | Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel, Refunding Senior Lien Series 2016, 4.000%, 12/01/21 | No Opt. Call | Baa2 | 1,019,960 | ||
1,000 | E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2020A, 5.000%, 9/01/27 | No Opt. Call | A | 1,248,270 | ||
2,000 | Grand River Hospital District, Garfield and Mesa Counties, Colorado, General Obligation Bonds, Series 2018, 5.000%, 12/01/21 – AGM Insured | No Opt. Call | AA | 2,058,800 | ||
4,855 | Moffat County, Colorado, Pollution Control Revenue Bonds, Tri-State Generation and Transmission Association, Inc Project, Refunding Series 2009, 2.000%, 3/01/36 (Mandatory Put 10/03/22) | No Opt. Call | A- | 4,968,413 | ||
225 | Northglenn Urban Renewal Authority, Northglenn, Colorado, Tax Increment Revenue Bonds, Urban Renewal Plan 2, Series 2019, 4.000%, 12/01/21 | No Opt. Call | BBB- | 229,455 | ||
2,040 | Pueblo Urban Renewal Authority, Colorado, State Sales Tax Increment Revenue Bonds, Regional Tourism Project, Series 2017, 3.000%, 6/01/21 | No Opt. Call | N/R | 2,042,897 | ||
500 | Sand Creek Metropolitan District, Colorado, General Obligation Limited Tax Bonds, Refunding Series 2020A, 4.000%, 12/01/22 – AGM Insured | No Opt. Call | AA | 528,385 | ||
Vauxmont Metropolitan District, Arvada, Colorado, Limited Tax General Obligation and Special Revenue Bonds, Convertible to Unlimited Tax Refunding Subordinate Series 2019: | ||||||
100 | 5.000%, 12/15/21 – AGM Insured | No Opt. Call | AA | 102,928 | ||
105 | 5.000%, 12/15/22 – AGM Insured | No Opt. Call | AA | 112,369 | ||
260 | 5.000%, 12/15/24 – AGM Insured | No Opt. Call | AA | 297,279 | ||
Westminster Public Schools, Adams County, Colorado, Certificates of Participation, Improvement Series 2020A: | ||||||
175 | 4.000%, 12/01/23 – AGM Insured | No Opt. Call | AA | 191,000 | ||
200 | 4.000%, 12/01/24 – AGM Insured | No Opt. Call | AA | 223,640 | ||
28,790 | Total Colorado | 30,881,802 | ||||
Connecticut – 0.2% | ||||||
465 | Connecticut Health and Educational Facilities Authoroity, Revneue Bonds, Connecticut State University System, Series 2011J, 5.000%, 11/01/25 | 11/21 at 100.00 | Aa3 | 477,220 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Connecticut (continued) | ||||||
$ 1,200 | Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes, Series 2020A, 5.000%, 5/01/26 | No Opt. Call | A+ | 1,455,144 | ||
1,665 | Total Connecticut | 1,932,364 | ||||
District of Columbia – 1.1% | ||||||
5,345 | Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Bonds, Series 2011C, 5.000%, 10/01/26 (AMT) | 10/21 at 100.00 | Aa3 | 5,469,806 | ||
1,205 | Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2017, 5.000%, 10/01/21 (AMT) | No Opt. Call | Aa3 | 1,232,643 | ||
2,175 | Washington Convention and Sports Authority, Washington DC, Dedicated Tax Revenue Bonds, Refunding Senior Lien Series 2018A, 5.000%, 10/01/22 | No Opt. Call | AA+ | 2,315,287 | ||
8,725 | Total District of Columbia | 9,017,736 | ||||
Florida – 4.1% | ||||||
1,450 | Broward County, Florida, Airport System Revenue Bonds, Refunding Series 2012P-1, 5.000%, 10/01/22 (AMT) | No Opt. Call | A1 | 1,548,005 | ||
1,000 | Broward County, Florida, Airport System Revenue Bonds, Series 2015A, 5.000%, 10/01/23 (AMT) | No Opt. Call | A1 | 1,110,720 | ||
415 | Broward County, Florida, Airport System Revenue Bonds, Series 2017, 5.000%, 10/01/21 (AMT) | No Opt. Call | A1 | 424,313 | ||
1,300 | Broward County, Florida, Airport System Revenue Bonds, Series 2019A, 5.000%, 10/01/24 (AMT) | No Opt. Call | A1 | 1,492,153 | ||
750 | Broward County, Florida, Port Facilities Revenue Bonds, Series 2019B, 5.000%, 9/01/23 (AMT) | No Opt. Call | A1 | 822,127 | ||
15,000 | Florida State Board of Education, Public Education Capital Outlay Bonds, Refunding Series 2019A, 5.000%, 6/01/22 | No Opt. Call | AAA | 15,843,150 | ||
1,500 | Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds, Refunding Priority Subordinated Series 2016, 5.000%, 10/01/21 (AMT) | No Opt. Call | A1 | 1,534,935 | ||
1,285 | Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds, Refunding Series 2015A, 5.000%, 10/01/21 (AMT) | No Opt. Call | Aa3 | 1,315,249 | ||
1,750 | Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport, Series 2018E, 5.000%, 10/01/22 (AMT) | No Opt. Call | Aa3 | 1,871,817 | ||
1,065 | Lake Worth Beach, Florida, Consolidated Utility Revenue Bonds, Series 2020, 5.000%, 10/01/25 – BAM Insured | No Opt. Call | AA | 1,267,818 | ||
1,035 | Miami Health Facilities Authority, Florida, Health Facilities Revenue Bonds, Miami Jewish Health System Inc Project, Series 2017, 5.000%, 7/01/22 | No Opt. Call | BB+ | 1,032,216 | ||
2,000 | Palm Bay, Florida, General Obligation Bonds, Series 2021, 5.000%, 7/01/26 – AGM Insured | No Opt. Call | AA | 2,445,828 | ||
1,000 | South Broward Hospital District, Florida, Hospital Revenue Bonds, Refunding Series 2015, 5.000%, 5/01/21 | No Opt. Call | AA | 1,003,460 | ||
860 | South Miami Health Facilities Authority, Florida, Hospital Revenue Bonds, Baptist Health Systems of South Florida Obligated Group, Series 2017, 5.000%, 8/15/21 | No Opt. Call | AA- | 874,414 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
Tampa, Florida, Revenue Bonds, H Lee Moffitt Cancer Center and Research Institute, Series 2020B: | ||||||
$ 200 | 5.000%, 7/01/22 | No Opt. Call | A2 | 211,408 | ||
340 | 5.000%, 7/01/25 | No Opt. Call | A2 | 399,541 | ||
225 | 5.000%, 7/01/26 | No Opt. Call | A2 | 272,185 | ||
31,175 | Total Florida | 33,469,339 | ||||
Georgia – 1.4% | ||||||
1,000 | Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2020B, 5.000%, 7/01/24 (AMT) | No Opt. Call | Aa3 | 1,142,060 | ||
Liberty County Industrial Authority, Georgia, Revenue Bonds, Series 2014: | ||||||
285 | 5.500%, 7/15/23 (Pre-refunded 7/15/21) | 7/21 at 100.00 | N/R (4) | 289,359 | ||
1,035 | 5.500%, 7/15/30 (Pre-refunded 7/15/21) | 7/21 at 100.00 | N/R (4) | 1,050,277 | ||
1,136 | 5.500%, 1/15/36 (Pre-refunded 7/15/21) | 7/21 at 100.00 | N/R (4) | 1,153,021 | ||
1,000 | Main Street Natural Gas Inc, Georgia, Gas Supply Revenue Bonds, Series 2019A, 5.000%, 5/15/21 | No Opt. Call | A3 | 1,005,290 | ||
3,555 | Main Street Natural Gas Inc, Georgia, Gas Supply Revenue Bonds, Series 2019B, 4.000%, 8/01/49 (Mandatory Put 12/02/24) | 9/24 at 100.43 | Aa1 | 3,957,746 | ||
2,470 | Main Street Natural Gas Inc, Georgia, Gas Supply Revenue Bonds, Variable Rate Demand Bonds Series 2018A, 4.000%, 9/01/22 | No Opt. Call | Aa2 | 2,600,712 | ||
10,481 | Total Georgia | 11,198,465 | ||||
Hawaii – 0.2% | ||||||
Hawaii State, Harbor System Revenue Bonds, Series 2020A: | ||||||
300 | 5.000%, 7/01/24 (AMT) | No Opt. Call | Aa3 | 340,647 | ||
800 | 5.000%, 7/01/25 (AMT) | No Opt. Call | Aa3 | 934,632 | ||
1,100 | Total Hawaii | 1,275,279 | ||||
Idaho – 0.2% | ||||||
1,710 | Idaho Health Facilities Authority, Revenue Bonds, Madison Memorial Hospital Project, Refunding Series 2016, 5.000%, 9/01/22 | No Opt. Call | BB+ | 1,796,834 | ||
Illinois – 5.7% | ||||||
400 | Board of Regents of Illinois State University, Auxiliary Facilities System Revenue Bonds, Series 2018A, 5.000%, 4/01/22 – AGM Insured | No Opt. Call | AA | 417,448 | ||
3,000 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017E, 5.000%, 12/01/21 | No Opt. Call | BB | 3,090,840 | ||
425 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2019A, 0.000%, 12/01/25 | No Opt. Call | BB | 393,142 | ||
4,795 | Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Refunding Senior Lien Series 2012A, 5.000%, 1/01/24 (Pre-refunded 1/01/22) (AMT) | 1/22 at 100.00 | A (4) | 4,961,914 | ||
1,200 | Cook County, Illinois, General Obligation Bonds, Refunding Series 2018, 5.000%, 11/15/21 | No Opt. Call | A+ | 1,235,376 | ||
2,500 | Cook County, Illinois, General Obligation Bonds, Refunding Series 2021A, 5.000%, 11/15/24 | No Opt. Call | A+ | 2,895,103 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
$ 1,250 | Granite City, Illinois, Waste Disposal Revenue Bonds, Waste Management Inc Project, Series 2002, 2.450%, 5/01/27 (Mandatory Put 5/03/21) (AMT) | No Opt. Call | A- | 1,252,162 | ||
Illinois Finance Authority, Health Services Facility Lease Revenue Bonds, Provident Group - UIC Surgery Center, LLC - University of Illinois Health Services Facility Project, Series 2020: | ||||||
400 | 5.000%, 10/01/23 | No Opt. Call | BBB+ | 442,604 | ||
400 | 5.000%, 10/01/24 | No Opt. Call | BBB+ | 457,488 | ||
400 | 5.000%, 10/01/25 | No Opt. Call | BBB+ | 471,320 | ||
380 | Illinois Finance Authority, Revenue Bonds, Memorial Health System, Series 2014A, 3.500%, 7/01/21 | No Opt. Call | AA- | 382,899 | ||
Illinois Finance Authority, Revenue Bonds, Northshore University HealthSystem, Series 2020A: | ||||||
1,000 | 5.000%, 8/15/22 | No Opt. Call | AA- | 1,064,640 | ||
1,000 | 5.000%, 8/15/23 | No Opt. Call | AA- | 1,110,720 | ||
1,000 | 5.000%, 8/15/24 | No Opt. Call | AA- | 1,150,330 | ||
4,350 | Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2020B-1, 5.000%, 5/15/50 (Mandatory Put 11/15/24) | 5/24 at 100.00 | A | 4,934,901 | ||
1,000 | Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2020B-2, 5.000%, 5/15/50 (Mandatory Put 11/15/26) | 5/26 at 100.00 | A | 1,196,160 | ||
250 | Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group, Series 2015A, 5.000%, 11/15/22 | No Opt. Call | AA- | 268,700 | ||
575 | Illinois Finance Authority, Water Facilities Revenue Bonds, American Water Capital Corporation Project, Refunding Series 2020, 0.700%, 5/01/40 (Mandatory Put 9/01/23) | No Opt. Call | A | 574,362 | ||
2,000 | Illinois State, General Obligation Bonds, May Series 2020, 5.500%, 5/01/24 | No Opt. Call | BBB- | 2,271,680 | ||
3,100 | Illinois State, General Obligation Bonds, November Series 2017D, 5.000%, 11/01/23 | No Opt. Call | BBB- | 3,416,572 | ||
1,250 | Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Refunding Senior Lien Series 2018A, 5.000%, 1/01/22 | No Opt. Call | AA- | 1,294,175 | ||
5,225 | Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Refunding Senior Lien Series 2019C, 5.000%, 1/01/25 | No Opt. Call | AA- | 6,080,019 | ||
Joliet Park District, Will County, Illinois, General Obligation Bonds, Limited Tax Park Series 2021: | ||||||
500 | 4.000%, 2/01/22 – BAM Insured | No Opt. Call | AA | 514,717 | ||
360 | 4.000%, 2/01/23 – BAM Insured | No Opt. Call | AA | 382,486 | ||
400 | 4.000%, 2/01/24 – BAM Insured | No Opt. Call | AA | 437,419 | ||
Macon County School District 61 Decatur, Illinois, General Obligation Bonds, Alternate Revenue Source Refunding School Series 2020C: | ||||||
400 | 4.000%, 1/01/23 – AGM Insured | No Opt. Call | AA | 422,412 | ||
355 | 4.000%, 1/01/26 – AGM Insured | No Opt. Call | AA | 402,602 | ||
125 | Madison, Macoupin, Jersey, Calhoun, Morgan, Scott, and Greene Counties Community College District 536, Illinois, General Obligation Bonds, Lewis & Clark Community College, Refunding Series 2020, 4.000%, 5/01/22 – AGM Insured | No Opt. Call | AA | 129,919 | ||
2,750 | Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series 2017, 5.000%, 6/01/22 | No Opt. Call | A | 2,894,540 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Southwestern Illinois Development Authority, Local Government Program Revenue Bonds, Southwestern Illinois Flood District Council Project, Series 2020: | ||||||
$ 500 | 4.000%, 4/15/23 | No Opt. Call | AA- | 535,575 | ||
450 | 5.000%, 4/15/24 | No Opt. Call | AA- | 508,788 | ||
1,000 | Will County Community High School District 210 Lincoln-Way, Illinois, General Obligation Bonds, Refunding Series 2020, 4.000%, 1/01/22 – AGM Insured | No Opt. Call | AA | 1,024,590 | ||
42,740 | Total Illinois | 46,615,603 | ||||
Indiana – 1.3% | ||||||
1,500 | Franklin, Indiana, Economic Development Revenue Bonds, Otterbein Homes Obligated Group, Series 2019B, 5.000%, 7/01/24 | No Opt. Call | A | 1,695,495 | ||
1,000 | Indiana Finance Authority, Hospital Revenue Bonds, Indiana Unversity Health Obligation Group, Long Term Rate Series 2019B, 2.250%, 12/01/58 (Mandatory Put 7/01/25) | 1/25 at 100.00 | AA | 1,054,850 | ||
2,810 | Rockport, Indiana, Pollution Control Revenue Refunding Bonds, Indiana Michigan Power Company Project, Series 2008D, 2.050%, 4/01/25 (Mandatory Put 6/01/21) | No Opt. Call | A- | 2,816,575 | ||
Tippecanoe School Corporation, Indiana, General Obligation Bonds, Series 2020: | ||||||
1,080 | 4.000%, 1/15/24 | No Opt. Call | Aa2 | 1,182,125 | ||
1,090 | 4.000%, 7/15/24 | No Opt. Call | Aa2 | 1,205,486 | ||
700 | Warrick County, Indiana, Environmental Improvement Revenue Bonds, Southern Indiana Gas and Electric Company, Series 2015, 0.875%, 9/01/55 (Mandatory Put 9/01/23) (AMT) | No Opt. Call | A1 | 700,140 | ||
Zionsville Community Schools Building Corporation, Boone County, Indiana, First Mortgage Bonds, Series 2020: | ||||||
300 | 4.000%, 1/15/25 | No Opt. Call | AA+ | 338,088 | ||
500 | 4.000%, 7/15/25 | No Opt. Call | AA+ | 569,995 | ||
700 | 4.000%, 1/15/26 | No Opt. Call | AA+ | 806,827 | ||
9,680 | Total Indiana | 10,369,581 | ||||
Iowa – 1.6% | ||||||
1,225 | Des Moines, Iowa, Stormwater Management Utility Revenue Bonds, Capital Loan Notes Series 2018C, 5.000%, 6/01/21 | No Opt. Call | AA+ | 1,234,347 | ||
Iowa Finance Authority Senior Living Facilities Revenue Bonds, Sunrise Retirement Community Project, Refunding Series 2021: | ||||||
335 | 4.000%, 9/01/24 | No Opt. Call | N/R | 346,090 | ||
115 | 4.000%, 9/01/25 | No Opt. Call | N/R | 119,085 | ||
1,000 | Iowa Finance Authority, Healthcare Revenue Bonds, Genesis Health System, Series 2013A, 5.000%, 7/01/25 | 7/23 at 100.00 | A1 | 1,094,510 | ||
335 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Refunding Series 2019, 3.125%, 12/01/22 | 4/21 at 103.00 | BB- | 341,429 | ||
145 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2018B, 5.250%, 12/01/50 (Mandatory Put 12/01/37) | 12/22 at 105.00 | BB- | 160,413 | ||
Sioux City Community School District, Iowa, School Infrastructure Sales, Services and Use Tax Revenue Bonds, Refunding Series 2020: | ||||||
5,400 | 3.000%, 10/01/23 – BAM Insured | No Opt. Call | AA | 5,722,866 | ||
2,500 | 3.000%, 10/01/24 – BAM Insured | No Opt. Call | AA | 2,694,825 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Iowa (continued) | ||||||
$ 1,400 | Southeast Polk Community School District, Polk, Jasper and Marion Counties, Iowa, General Obligation Bonds, School Series 2020A, 5.000%, 5/01/24 | No Opt. Call | AA- | 1,594,474 | ||
12,455 | Total Iowa | 13,308,039 | ||||
Kansas – 0.1% | ||||||
Kansas Municipal Energy Agency, Power Project Revenue Bonds, Dogwood Project, Series 2018A: | ||||||
500 | 5.000%, 4/01/22 – BAM Insured | No Opt. Call | AA | 523,235 | ||
500 | 5.000%, 4/01/23 – BAM Insured | No Opt. Call | AA | 546,355 | ||
1,000 | Total Kansas | 1,069,590 | ||||
Kentucky – 1.6% | ||||||
1,435 | Kentucky Rural Water Finance Corporation, Public Projects Construction Notes, Series E-2020-1, 0.425%, 12/01/21 | 6/21 at 100.00 | N/R | 1,435,187 | ||
3,785 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018B, 4.000%, 1/01/49 (Mandatory Put 1/01/25) | 10/24 at 100.24 | A2 | 4,189,162 | ||
4,000 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018C-1, 4.000%, 12/01/49 (Mandatory Put 6/01/25) | 3/25 at 100.19 | A1 | 4,502,680 | ||
3,310 | Trimble County, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2002A, 2.300%, 9/01/26 (Mandatory Put 9/01/21) | No Opt. Call | A1 | 3,337,605 | ||
12,530 | Total Kentucky | 13,464,634 | ||||
Louisiana – 1.8% | ||||||
6,000 | Louisiana Publc Facilities Authority, Lousiana, Revenue Bonds, Ochsner Clinic Foundation Project, Series 2020B, 5.000%, 5/15/50 (Mandatory Put 5/15/25) | 11/24 at 102.04 | A | 7,016,460 | ||
2,310 | Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Refunding Second Lien Series 2017D-2, 0.550%, 5/01/43 (Mandatory Put 5/01/22) | 5/21 at 100.00 | Aa3 | 2,310,162 | ||
2,465 | Saint John the Baptist Parish, Louisiana, Revenue Bonds, Marathon Oil Corporation Project, Refunding Series 2017A-1, 2.000%, 6/01/37 (Mandatory Put 4/01/23) | No Opt. Call | BBB- | 2,515,360 | ||
2,500 | Saint John the Baptist Parish, Louisiana, Revenue Bonds, Marathon Oil Corporation Project, Refunding Series 2017B-1, 2.125%, 6/01/37 (Mandatory Put 7/01/24) | No Opt. Call | BBB- | 2,573,225 | ||
13,275 | Total Louisiana | 14,415,207 | ||||
Maryland – 0.7% | ||||||
1,040 | Maryland Health and HIgher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical Systems, Series 2020B-1, 5.000%, 7/01/45 (Mandatory Put 7/01/25) | 1/25 at 100.00 | A | 1,202,230 | ||
4,000 | Maryland Health and HIgher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical Systems, Series 2020B-2, 5.000%, 7/01/45 (Mandatory Put 7/01/27) | 1/27 at 100.00 | A | 4,869,040 | ||
5,040 | Total Maryland | 6,071,270 | ||||
Massachusetts – 1.0% | ||||||
715 | Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health Care, Series 2016I, 5.000%, 7/01/21 | No Opt. Call | A- | 722,858 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Wellforce Issue, Series 2020C: | ||||||
725 | 5.000%, 10/01/25 – AGM Insured | No Opt. Call | AA | 854,267 | ||
350 | 5.000%, 10/01/26 – AGM Insured | No Opt. Call | AA | 423,675 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Massachusetts (continued) | ||||||
$ 1,000 | Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Issue K, Series 2017A, 4.000%, 7/01/21 (AMT) | No Opt. Call | AA | 1,008,920 | ||
Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Issue L, Senior Series 2020B: | ||||||
880 | 5.000%, 7/01/25 (AMT) | No Opt. Call | AA | 1,029,697 | ||
1,250 | 5.000%, 7/01/26 (AMT) | No Opt. Call | AA | 1,497,250 | ||
1,000 | Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Refunding Series 2019B, 5.000%, 7/01/23 (AMT) | No Opt. Call | AA | 1,101,580 | ||
1,100 | The Commonwealth of Massachusetts General Obligation Bonds Consolidated Loan of 2014, Series D (Multi-Modal Bonds) Subseries D-2, 1.700%, 8/01/43 (Mandatory Put 8/01/22) | No Opt. Call | Aa1 | 1,119,855 | ||
7,020 | Total Massachusetts | 7,758,102 | ||||
Michigan – 1.4% | ||||||
1,705 | Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2017A-MI, 5.000%, 12/01/22 | No Opt. Call | AA- | 1,840,479 | ||
1,715 | Michigan Finance Authority, Revenue Bonds, Ascension Senior Credit Group, Refunding Series 2016E-1, 4.000%, 11/15/44 (Mandatory Put 8/15/24) | No Opt. Call | AA+ | 1,900,546 | ||
1,180 | Michigan Finance Authority, State Aid Revenue Notes, Series 2020A-1, 4.000%, 8/20/21 | No Opt. Call | N/R | 1,197,570 | ||
1,440 | Michigan State Hospital Finance Authority, Revenue Bonds, McLaren Health Care Corporation, Refunding Series 2012A, 5.000%, 6/01/24 | 6/22 at 100.00 | AA- | 1,515,168 | ||
2,000 | Michigan State, Trunk Line Fund Bonds, Refunding Series 2020A, 5.000%, 11/15/21 | No Opt. Call | AA+ | 2,059,840 | ||
1,000 | Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont Hospital Obligated Group, Refunding Series 2014D, 5.000%, 9/01/23 | No Opt. Call | A+ | 1,111,380 | ||
1,590 | Saginaw City School District, Saginaw County, Michigan, General Obligation Bonds, School Building & Site, Series 2021, 4.000%, 5/01/23 | No Opt. Call | AA | 1,711,985 | ||
10,630 | Total Michigan | 11,336,968 | ||||
Minnesota – 7.3% | ||||||
240 | Baytown Township, Minnesota Charter School Lease Revenue Bonds, Saint Croix Preparatory Academy, Refunding Series 2016A, 3.000%, 8/01/22 | No Opt. Call | BB+ | 244,342 | ||
Becker Independent School District 726, Minnesota, General Obligation Bonds, Refunding Series 2020A: | ||||||
735 | 5.000%, 2/01/23 | No Opt. Call | Aa2 | 795,196 | ||
560 | 5.000%, 2/01/24 | No Opt. Call | Aa2 | 629,866 | ||
750 | Belle Plaine Independent School District 716, Minnesota, General Obligation Bonds, Refunding School Building Series 2020A, 4.000%, 2/01/23 | No Opt. Call | Aa2 | 801,097 | ||
1,175 | Belle Plaine Independent School District 716, Minnesota, General Olibation Bonds, School Building Series 2012A, 5.000%, 2/01/24 | No Opt. Call | Aa2 | 1,327,256 | ||
Chatfield, Minnesota, Healthcare and Housing Facilities Revenue Bonds, Chosen Valley Care Center Project, Refunding Series 2019: | ||||||
150 | 3.000%, 9/01/21 | No Opt. Call | N/R | 149,742 | ||
210 | 4.000%, 9/01/23 | No Opt. Call | N/R | 211,865 | ||
1,415 | City of Red Wing, Minnesota, General Obligation Bonds, Series 2018A, 5.000%, 2/01/23 | No Opt. Call | Aa2 | 1,536,574 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Minnesota (continued) | ||||||
$ 200 | Dakota County Community Development Agency, Minnesota, Senior Housing Revenue Bonds, Walker Highview Hills LLC Project, Refunding Series 2016A, 2.500%, 8/01/21, 144A | No Opt. Call | N/R | 200,300 | ||
440 | Deephaven, Minnesota, Charter School Lease Revenue Bonds, Eagle Ridge Academy Project, Series 2016A, 4.000%, 7/01/21 | No Opt. Call | BB+ | 442,578 | ||
Duluth Independent School District 709, Minnesota, Certificates of Participation, Refunding Full Term Series 2019B: | ||||||
645 | 5.000%, 2/01/22 | No Opt. Call | Aa2 | 667,743 | ||
755 | 5.000%, 2/01/23 | No Opt. Call | Aa2 | 813,241 | ||
280 | Duluth Independent School District 709, Minnesota, Certificates of Participation, Refunding Full Term Series 2019C, 5.000%, 2/01/23 | No Opt. Call | Aa2 | 301,599 | ||
Duluth Independent School District 709, Minnesota, Certificates of Participation, Refunding Series 2021B: | ||||||
245 | 3.000%, 3/01/22 | No Opt. Call | Ba2 | 247,273 | ||
150 | 3.000%, 3/01/24 | No Opt. Call | Ba2 | 153,870 | ||
2,115 | Elk River Independent School District 728, Minnesota, General Obligation Bonds, Refunding School Building Series 2016A, 5.000%, 2/01/23 | No Opt. Call | Aa2 | 2,298,730 | ||
1,130 | Forest Lake, Minnesota, Charter School Lease Revenue Bonds, Lakes International Language Academy, Series 2019A, 4.375%, 8/01/29 | 8/27 at 102.00 | BB+ | 1,277,442 | ||
505 | Ham Lake, Minnesota Charter School Lease Revenue Bonds, Parnassus Preparatory School Project, Series 2016A, 3.000%, 11/01/21 | No Opt. Call | BB | 508,343 | ||
1,550 | Minneapolis Special School District 1, Hennepin County, Minnesota, General Obligation Bonds, School Building Series 2017A, 5.000%, 2/01/23 | No Opt. Call | AAA | 1,686,741 | ||
210 | Minneapolis, Minnesota, Charter School Lease Revenue Bonds, Twin Cities International Schools Project, Series 2017A, 3.750%, 12/01/22, 144A | No Opt. Call | N/R | 215,223 | ||
500 | Minneapolis, Minnesota, Charter School Lease Revenue Bonds, Yinghua Academy Project, Series 2013A, 6.000%, 7/01/33 | 7/23 at 100.00 | BB+ | 538,305 | ||
650 | Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2014A, 5.000%, 1/01/22 | No Opt. Call | A+ | 672,724 | ||
1,000 | Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2014B, 5.000%, 1/01/25 (AMT) | 1/24 at 100.00 | A+ | 1,121,700 | ||
2,000 | Minnesota Housing Finance Agency, Rental Housing Revenue Bonds, Series 2019E, 1.400%, 8/01/21 | 5/21 at 100.00 | AAA | 2,001,720 | ||
Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2020A: | ||||||
570 | 1.150%, 7/01/21 (AMT) | No Opt. Call | AA+ | 570,992 | ||
255 | 1.450%, 7/01/24 (AMT) | No Opt. Call | AA+ | 259,654 | ||
325 | Minnesota Office of Higher Education, Supplemental Student Loan Program Revenue Bonds, 2020 Senior Series, 5.000%, 11/01/24 (AMT) | No Opt. Call | AA | 368,352 | ||
Minnesota Office of Higher Education, Supplemental Student Loan Program Revenue Bonds, Senior Series 2018: | ||||||
500 | 5.000%, 11/01/22 (AMT) | No Opt. Call | AA | 531,245 | ||
400 | 5.000%, 11/01/23 (AMT) | No Opt. Call | AA | 440,232 | ||
4,695 | Minnesota State, General Obligation Bonds, Refunding Various Purpose Series 2016D, 5.000%, 8/01/22 | No Opt. Call | AAA | 4,998,250 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Minnesota (continued) | ||||||
$ 2,210 | Minnesota State, General Obligation Bonds, Various Purpose Series 2013A, 5.000%, 8/01/21 | No Opt. Call | AAA | 2,245,095 | ||
50 | Morris, Minnesota, Health Care Facilities Revenue Bonds, Farmington Health Services Project, Refunding Series 2019, 2.700%, 8/01/21 | No Opt. Call | N/R | 49,870 | ||
720 | North Oaks, Minnesota, Senior Housing Revenue Bonds, Waverly Gardens Project, Refunding Series 2016, 4.000%, 10/01/23 | No Opt. Call | N/R | 758,563 | ||
9,480 | Rochester, Minnesota, Health Care Facilities Revenue Bonds, Mayo Clinic, Series 2011, 4.500%, 11/15/38 (Mandatory Put 11/15/21) | No Opt. Call | AA | 9,723,352 | ||
2,500 | Rosemount Independent School District 196, Dakota County, Minnesota, General Obligation Bonds, School Building Series 2016A, 5.000%, 2/01/23 | No Opt. Call | AAA | 2,720,550 | ||
Roseville Independent School District 623, Ramsey County, Minnesota, Certificates of Participation, Series 2021A: | ||||||
910 | 5.000%, 4/01/22 | No Opt. Call | Baa2 | 951,457 | ||
860 | 5.000%, 4/01/23 | No Opt. Call | Baa2 | 934,521 | ||
295 | Saint Cloud, Minnesota, Charter School Lease Revenue Bonds, Stride Academy Project, Series 2016A, 3.000%, 4/01/21 (5) | No Opt. Call | N/R | 206,500 | ||
2,470 | Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare Health System, Refunding Series 2014B, 5.000%, 5/01/23 | No Opt. Call | AA- | 2,699,142 | ||
Saint Paul Park, Minnesota, Senior Housing and Health Care Revenue Bonds, Presbyterian Homes Bloomington Project, Refunding Series 2017: | ||||||
500 | 3.000%, 9/01/21 | No Opt. Call | N/R | 501,655 | ||
500 | 3.000%, 9/01/22 | No Opt. Call | N/R | 505,220 | ||
215 | Sartell, Minnesota, Health Care Facilities Revenue Bonds, Country Manor Campus LLC Project, Refunding Series 2017, 3.000%, 9/01/22 | No Opt. Call | N/R | 214,351 | ||
3,515 | Sauk Rapids Independent School District 047, Benton County, Minnesota, General Obligation Bonds, Refunding School Building Series 2015A, 5.000%, 2/01/23 | No Opt. Call | AAA | 3,821,719 | ||
55 | Savage, Minnesota Charter School Lease Revenue Bonds, Aspen Academy Project, Series 2016A, 3.625%, 10/01/21 | No Opt. Call | N/R | 55,186 | ||
6,790 | South Washington County Independent School District 833, Minnesota, General Obligation Bonds, Refunding School Building Series 2018B, 5.000%, 2/01/22 | No Opt. Call | Aa2 | 7,059,291 | ||
Wayzata, Minnesota Senior Housing Revenue Bonds, Folkestone Senior Living Community, Refunding Series 2019: | ||||||
350 | 3.000%, 8/01/22 | No Opt. Call | N/R | 350,486 | ||
300 | 3.000%, 8/01/23 | No Opt. Call | N/R | 299,991 | ||
400 | 3.000%, 8/01/24 | No Opt. Call | N/R | 400,112 | ||
400 | 3.000%, 8/01/25 | 8/24 at 102.00 | N/R | 399,344 | ||
56,875 | Total Minnesota | 59,908,600 | ||||
Mississippi – 0.1% | ||||||
1,000 | Warren County, Mississippi, Environmental Improvement Revenue Bonds, International Paper Company Project, Refunding Series 2020B, 1.600%, 8/01/27 (Mandatory Put 6/16/25) (AMT) | No Opt. Call | BBB | 1,031,270 | ||
Missouri – 4.9% | ||||||
775 | Arnold Retail Corridor Transportation Development District, Missouri, Sales Tax Revenue Bonds, Refunding Series 2019, 3.000%, 11/01/28 | 11/24 at 100.00 | N/R | 779,696 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Missouri (continued) | ||||||
$ 100 | Belton School District 124, Cass County, Missouri, Certificates of Participation, Missouri School Boards Association, Series 2019, 4.000%, 1/15/22 – AGM Insured (ETM) | No Opt. Call | AA (4) | 102,967 | ||
1,230 | Branson Reorganized School District R-4, Taney County, Missouri, General Obligation Bonds, Direct Deposit Program Refunding Series 2020, 4.000%, 3/01/22 | No Opt. Call | AA+ | 1,271,795 | ||
1,375 | Cape Girardeau County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Saint Francis Medical Center, Series 2013A, 5.000%, 6/01/23 | 6/22 at 100.00 | AA | 1,447,270 | ||
Central Southwest Missouri Community College District, Missouri, Certificates of Participation, Ozarks Technical Community College, Series 2021: | ||||||
350 | 5.000%, 3/01/23 | No Opt. Call | AA- | 381,022 | ||
300 | 5.000%, 3/01/24 | No Opt. Call | AA- | 338,987 | ||
250 | 5.000%, 3/01/25 | No Opt. Call | AA- | 291,719 | ||
300 | Chesterfield Valley Transportation Development District, Missouri, Transportation Sales Tax Revenue Bonds, Series 2015, 3.250%, 5/15/28 | 5/23 at 100.00 | A- | 310,590 | ||
1,000 | Clay County Reorganized School District R-1, Kearney, Missouri, General Obligation Bonds, School Building Series 2017, 5.000%, 3/01/22 | No Opt. Call | AA+ | 1,044,240 | ||
2,500 | Fort Zumwalt School District, St Charles County, Missouri, General Obligation Bonds, Direct Deposit Program, Refunding Series 2021, 4.000%, 3/01/25 | No Opt. Call | Aa1 | 2,831,311 | ||
800 | Greene County, Missouri, Certificates of Participation, Capital Projects, Series 2021A, 4.000%, 3/01/26 (WI/DD, Settling 4/15/21) | No Opt. Call | Aa3 | 921,384 | ||
660 | Hanley Road Corridor Transportation Development District, Brentwood and Maplewood, Missouri, Transportation Sales Revenue Bonds, Refunding Series 2020, 1.000%, 10/01/27 | No Opt. Call | A | 640,387 | ||
650 | Joplin Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Freeman Health System, Series 2015, 5.000%, 2/15/24 | No Opt. Call | A | 728,741 | ||
Kansas City, Missouri, General Obligation Bonds, Series 2020A: | ||||||
410 | 5.000%, 2/01/23 | No Opt. Call | AA | 445,777 | ||
435 | 5.000%, 2/01/24 | No Opt. Call | AA | 492,159 | ||
1,250 | Kansas City, Missouri, Water Revenue Bonds, Refunding Series 2019A, 5.000%, 12/01/22 | No Opt. Call | AA+ | 1,349,550 | ||
1,000 | Meramec Valley School District R-3, Franklin and St Louis Counties, Missouri, General Obligation Bonds, Series 2020, 4.000%, 3/01/23 | No Opt. Call | AA+ | 1,070,240 | ||
1,000 | Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Series 1998B, 2.900%, 9/01/33 | 7/27 at 102.00 | A | 1,075,360 | ||
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Southeast Missouri State University, Refunding Series 2019: | ||||||
200 | 5.000%, 10/01/23 | No Opt. Call | A | 220,884 | ||
505 | 5.000%, 10/01/24 | No Opt. Call | A | 574,210 | ||
6,000 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, BJC Health System, Series 2021B, 4.000%, 5/01/51 (Mandatory Put 5/01/26) (WI/DD, Settling 4/01/21) | No Opt. Call | AA | 6,964,477 | ||
Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, Capital Region Medical Center, Series 2020: | ||||||
640 | 3.000%, 11/01/22 | No Opt. Call | Baa2 | 658,554 | ||
665 | 4.000%, 11/01/23 | No Opt. Call | Baa2 | 710,659 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Missouri (continued) | ||||||
$ 475 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, CoxHealth, Series 2015A, 5.000%, 11/15/25 | No Opt. Call | A2 | 561,901 | ||
250 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, SSM Health Care, Variable Rate Series 2018C, 5.000%, 6/01/36 (Mandatory Put 6/01/23) | 12/22 at 100.00 | AA- | 268,920 | ||
260 | Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior Services Projects, Series 2016B, 5.000%, 2/01/25 | No Opt. Call | BBB | 293,986 | ||
Missouri Health and Educational Facilities Authority, Revenue Bonds, Wright Memorial Hospital, Series 2019: | ||||||
465 | 5.000%, 9/01/21 | No Opt. Call | BBB- | 471,929 | ||
275 | 5.000%, 9/01/22 | No Opt. Call | BBB- | 288,965 | ||
285 | 5.000%, 9/01/23 | No Opt. Call | BBB- | 309,137 | ||
Missouri State University, Auxiliary Enterprise System Revenue Bonds, Series 2019A: | ||||||
135 | 5.000%, 10/01/22 | No Opt. Call | A+ | 144,334 | ||
230 | 5.000%, 10/01/23 | No Opt. Call | A+ | 255,525 | ||
225 | 5.000%, 10/01/24 | No Opt. Call | A+ | 258,343 | ||
300 | Plaza at Noah's Ark Community Improvement District, Saint Charles, Missouri, Tax Increment and Improvement District Revenue Bonds, Series 2015, 3.250%, 5/01/21 | No Opt. Call | N/R | 300,336 | ||
1,000 | Saint Charles County Public Water Supply District 2, Missouri, Certificates of Participation, Refudning Series 2016B, 5.000%, 12/01/21 | No Opt. Call | AA+ | 1,031,290 | ||
Saint Louis County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Ranken-Jordan Project, Refunding & Improvement Series 2016: | ||||||
725 | 5.000%, 11/15/24 | No Opt. Call | N/R | 779,136 | ||
630 | 5.000%, 11/15/26 | 11/25 at 100.00 | N/R | 685,276 | ||
5,055 | Saint Louis, Missouri, Airport Revenue Bonds, Lambert-St Louis International Airport, Refunding Series 2017A, 5.000%, 7/01/22 – AGM Insured | No Opt. Call | AA | 5,353,093 | ||
2,000 | Springfield, Missouri, Public Utility Revenue Bonds, Refunding Series 2015, 3.250%, 8/01/27 | 8/25 at 100.00 | AA+ | 2,196,180 | ||
1,745 | Springfield, Missouri, Special Obligation Bonds, Refunding Series 2017B, 5.000%, 7/01/21 (AMT) | No Opt. Call | Aa2 | 1,763,916 | ||
325 | St Charles, Missouri, Certificates of Participation, Refunding Series 2020B, 4.000%, 2/01/24 | No Opt. Call | Aa3 | 356,073 | ||
450 | Webster County Reorganized School District R-I Marshfield, Missouri, General Obligation Bonds, Refunding Series 2019B, 3.000%, 3/01/22 | No Opt. Call | AA+ | 461,763 | ||
37,225 | Total Missouri | 40,432,082 | ||||
Montana – 0.1% | ||||||
500 | Montana State, General Obligation Bonds, Series 2020C, 2.000%, 8/01/23 | No Opt. Call | Aa1 | 520,890 | ||
Nebraska – 1.1% | ||||||
690 | Central Plains Energy Project, Nebraska, Gas Project 1 Revenue Bonds, Series 2007A, 5.250%, 12/01/21 | No Opt. Call | A2 | 712,453 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Nebraska (continued) | ||||||
Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Children's Hospital Obligated Group, Refunding Series 2020A: | ||||||
$ 200 | 5.000%, 11/15/21 | No Opt. Call | AA- | 205,770 | ||
115 | 5.000%, 11/15/23 | No Opt. Call | AA- | 128,462 | ||
125 | 5.000%, 11/15/24 | No Opt. Call | AA- | 144,269 | ||
175 | 5.000%, 11/15/25 | No Opt. Call | AA- | 208,323 | ||
3,635 | Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Children's Hospital Obligated Group, Series 2020B, 5.000%, 11/15/53 (Mandatory Put 11/15/25) | 8/25 at 100.00 | AA- | 4,297,878 | ||
1,685 | Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015, 5.000%, 11/01/21 | No Opt. Call | A | 1,729,737 | ||
1,555 | Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Refunding Series 2017A, 5.000%, 7/01/22 | No Opt. Call | BBB | 1,635,720 | ||
8,180 | Total Nebraska | 9,062,612 | ||||
Nevada – 1.4% | ||||||
3,000 | Clark County, Nevada, Airport Revenue Bonds, Junior Subordinate Lien Notes Series 2017C, 5.000%, 7/01/21 (AMT) | No Opt. Call | A1 | 3,033,840 | ||
5,000 | Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran International Airport, Refunding Series 2019E, 5.000%, 7/01/24 | No Opt. Call | Aa3 | 5,727,700 | ||
1,390 | Clark County, Nevada, Pollution Control Revenue Bonds, Nevada Power Company Project, Refunding Series 2017, 1.650%, 1/01/36 (Mandatory Put 3/31/23) | No Opt. Call | A+ | 1,425,250 | ||
95 | Henderson, Nevada, Limited Obligation Bonds, Local Improvement District T-18 Inspirada, Refunding Series 2016, 2.000%, 9/01/21 | No Opt. Call | N/R | 95,090 | ||
1,410 | Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2011C, 5.000%, 6/01/22 | 6/21 at 100.00 | Aa1 | 1,420,674 | ||
10,895 | Total Nevada | 11,702,554 | ||||
New Jersey – 4.9% | ||||||
1,330 | Lacey Township School District, Ocean County, New Jersey, General Obligation Bonds, Refunding Series 2016, 5.000%, 4/01/21 – BAM Insured | No Opt. Call | AA | 1,330,000 | ||
7,000 | New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge, Refunding Series 2017A, 5.000%, 7/01/23 – BAM Insured | No Opt. Call | AA | 7,731,850 | ||
200 | New Jersey Economic Development Authority, School Facilities Construction Bonds, Social Series 2021QQQ, 5.000%, 6/15/22 | No Opt. Call | Baa1 | 211,273 | ||
1,260 | New Jersey Health Care Facilities Financing Authority, Revenue Bonds, RWJ Barnabas Health Obligated Group, Term Series 2019B-1, 5.000%, 7/01/43 (Mandatory Put 7/01/24) | 4/24 at 100.87 | AA- | 1,435,115 | ||
New Jersey Higher Education Assistance Authority, Senior Student Loan Revenue Bonds, Refunding Series 2018B: | ||||||
2,500 | 5.000%, 12/01/21 (AMT) | No Opt. Call | AAA | 2,576,750 | ||
6,500 | 5.000%, 12/01/22 (AMT) | No Opt. Call | Aaa | 6,995,300 | ||
6,115 | New Jersey State, General Obligation Bonds, Covid-19 Emergency Series 2020A, 5.000%, 6/01/26 | No Opt. Call | A3 | 7,391,262 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Jersey (continued) | ||||||
New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Revenue Notes, Series 2018A: | ||||||
$ 1,335 | 5.000%, 6/15/22 | No Opt. Call | A+ | 1,410,240 | ||
3,000 | 5.000%, 6/15/23 | No Opt. Call | A+ | 3,300,480 | ||
1,000 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2019A, 5.000%, 12/15/24 | No Opt. Call | Baa1 | 1,156,360 | ||
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018A: | ||||||
5,000 | 5.000%, 6/01/21 | No Opt. Call | A | 5,036,700 | ||
1,685 | 5.000%, 6/01/23 | No Opt. Call | A | 1,850,854 | ||
36,925 | Total New Jersey | 40,426,184 | ||||
New Mexico – 1.7% | ||||||
1,165 | Albuquerque Municipal School District 12, Bernalillo and Sandoval Counties, New Mexico, General Obligation Bonds, Refunding Series 2021B, 5.000%, 8/01/24 | No Opt. Call | AA | 1,342,134 | ||
5,440 | Farmington, New Mexico, Pollution Control Revenue Bonds, Public Service Company of New Mexico San Juan Project, Refunding Series 2010E, 1.150%, 6/01/40 (Mandatory Put 6/01/24) | No Opt. Call | BBB | 5,502,179 | ||
2,500 | New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian Healthcare Services, Series 2019B, 5.000%, 8/01/49 (Mandatory Put 8/01/25) | 5/25 at 100.87 | AA | 2,951,525 | ||
Santa Fe County, New Mexico, Gross Receipts Tax Revenue Bonds, Capital Outlay Series 2017: | ||||||
1,615 | 5.000%, 6/01/21 | No Opt. Call | AA+ | 1,627,290 | ||
2,110 | 5.000%, 6/01/22 | No Opt. Call | AA+ | 2,228,603 | ||
12,830 | Total New Mexico | 13,651,731 | ||||
New York – 4.2% | ||||||
14,030 | Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2016A Groups A,B&C, 5.000%, 3/15/22 | No Opt. Call | AA+ | 14,674,678 | ||
Monroe County Industrial Development Corporation, New York, Revenue Bonds, Rochester Regional Health Project, Series 2020A: | ||||||
400 | 5.000%, 12/01/22 | No Opt. Call | BBB+ | 429,652 | ||
500 | 5.000%, 12/01/23 | No Opt. Call | BBB+ | 557,470 | ||
600 | 5.000%, 12/01/24 | No Opt. Call | BBB+ | 690,414 | ||
1,230 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2021 Series DD, 5.000%, 6/15/26 | No Opt. Call | AA+ | 1,507,196 | ||
3,000 | New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2021 Subseries F-1, 5.000%, 11/01/26 (WI/DD, Settling 4/07/21) | No Opt. Call | AAA | 3,704,143 | ||
2,475 | New York City, New York, General Obligation Bonds, Fiscal 2021 Series A-1, 5.000%, 8/01/24 | No Opt. Call | AA | 2,845,087 | ||
3,000 | New York State Energy Research and Development Authority, Pollution Control Revenue Bonds, Rochester Gas and Electric Corporation, Series 2004C, 2.625%, 4/01/34 (Mandatory Put 7/03/23) | No Opt. Call | A- | 3,128,970 | ||
1,210 | Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Eighty-Fifth Series 2014, 5.000%, 9/01/23 (AMT) | No Opt. Call | Aa3 | 1,344,770 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
$ 3,895 | Suffolk County, New York, General Obligation Bonds, Tax Anticipation Note Series 2021I, 2.000%, 7/22/21 | No Opt. Call | N/R | 3,916,110 | ||
1,265 | Suffolk County, New York, General Obligation Bonds, Tax Anticipation Note Series 2021-II, 2.000%, 8/19/21 | No Opt. Call | N/R | 1,273,280 | ||
31,605 | Total New York | 34,071,770 | ||||
North Carolina – 0.8% | ||||||
1,745 | North Carolina Central University, General Revenue Bonds, Refunding Series 2016, 5.000%, 10/01/23 | No Opt. Call | A3 | 1,929,482 | ||
250 | North Carolina Medial Care Commission, Health Care Facilities Revenue Bonds, Rex Healthcare, Series 2020A, 5.000%, 7/01/24 | No Opt. Call | AA- | 286,124 | ||
415 | North Carolina Medical Care Commission, Hospital Revenue Bonds, CaroMont Health A/K/A Gaston Health, Series 2021A, 5.000%, 2/01/51 (Mandatory Put 2/01/26) | 2/26 at 100.00 | AA- | 500,635 | ||
2,990 | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Bond Anticipation Bond Senior Lien Series 2020, 5.000%, 2/01/24 | No Opt. Call | BBB | 3,369,341 | ||
500 | University of North Carolina, Charlotte, General Revenue Bonds, Refunding Series 2017A, 5.000%, 10/01/24 | No Opt. Call | Aa3 | 575,215 | ||
5,900 | Total North Carolina | 6,660,797 | ||||
North Dakota – 0.5% | ||||||
Grand Forks, North Dakota, Senior Housing and Nursing Facilities Revenue Bonds, Valley Homes Obligated Group, Series 2016A: | ||||||
585 | 4.750%, 12/01/21 | No Opt. Call | N/R | 591,915 | ||
1,245 | 5.000%, 12/01/22 | No Opt. Call | N/R | 1,284,666 | ||
280 | West Fargo Public School District 6, Cass County, North Dakota, General Obligation Bonds, Special Assessment Prepayment Series 2020C, 4.000%, 8/01/26 | No Opt. Call | Aa2 | 328,930 | ||
West Fargo, North Dakota, General Obligation Bonds, Refunding Improvement Series 2020A: | ||||||
750 | 2.000%, 5/01/24 | No Opt. Call | A1 | 784,664 | ||
500 | 4.000%, 5/01/25 | No Opt. Call | A1 | 566,678 | ||
500 | 4.000%, 5/01/26 | No Opt. Call | A1 | 580,102 | ||
3,860 | Total North Dakota | 4,136,955 | ||||
Ohio – 2.0% | ||||||
845 | Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Refunding Series 2017, 4.000%, 11/15/22 | No Opt. Call | A | 893,233 | ||
850 | Cleveland, Ohio, Airport System Revenue Bonds, Series 2019B, 5.000%, 1/01/22 (AMT) | No Opt. Call | A2 | 877,778 | ||
Cleveland-Cuyahoga County Port Authroity, Ohio, Cultural Facility Revenue Bonds, The Cleveland Museum of Natural History Project, Series 2021: | ||||||
150 | 5.000%, 7/01/25 | No Opt. Call | A3 | 176,064 | ||
125 | 5.000%, 7/01/26 | No Opt. Call | A3 | 150,574 | ||
1,335 | Hamilton County, Ohio, General Obligation Bonds, Parking Facilities, Limited Tax Series 2021A, 5.000%, 12/01/25 (WI/DD, Settling 4/08/21) | No Opt. Call | Aa2 | 1,608,555 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Ohio (continued) | ||||||
Montgomery County, Ohio, Hospital Facilities Revenue Bonds, Kettering Health Network Obligated Group Project, Refunding & Improvement Series 2021: | ||||||
$ 375 | 5.000%, 8/01/24 | No Opt. Call | A+ | 430,808 | ||
700 | 5.000%, 8/01/25 | No Opt. Call | A+ | 829,616 | ||
750 | 5.000%, 8/01/26 | No Opt. Call | A+ | 913,645 | ||
55 | Northeast Ohio Medical University, General Receipts Bonds, Refunding Series 2021A, 3.000%, 12/01/21 | No Opt. Call | Baa2 | 55,753 | ||
685 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23 (5) | No Opt. Call | N/R | 856 | ||
1,710 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Power Company Project, Refunding Series 2005A, 2.100%, 1/01/29 (Mandatory Put 10/01/24) (AMT) | No Opt. Call | BBB+ | 1,778,143 | ||
2,310 | Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Series 2018C, 5.000%, 1/15/42 (Mandatory Put 9/15/21) | No Opt. Call | A | 2,356,593 | ||
4,000 | Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Series 2018D, 5.000%, 1/15/39 (Mandatory Put 9/15/23) | No Opt. Call | A | 4,442,800 | ||
360 | Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Variable Rate Series 2020B, 5.000%, 1/15/50 (Mandatory Put 1/15/25) | 1/25 at 100.00 | A | 417,668 | ||
500 | Warren County, Ohio, Healthcare Facilities Revenue Bonds, Otterbein Homes Obligated Group, Refunding Series 2013A, 4.000%, 7/01/22 | No Opt. Call | A | 520,895 | ||
500 | Warren County, Ohio, Healthcare Facilities Revenue Bonds, Otterbein Homes Obligated Group, Refunding Series 2019A, 4.000%, 7/01/21 | No Opt. Call | A | 504,145 | ||
15,250 | Total Ohio | 15,957,126 | ||||
Oklahoma – 0.2% | ||||||
1,065 | Cleveland County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Norman Public Schools Project, Series 2019, 5.000%, 6/01/24 | No Opt. Call | A+ | 1,200,713 | ||
425 | Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B, 5.000%, 8/15/22 | No Opt. Call | Baa3 | 446,199 | ||
1,490 | Total Oklahoma | 1,646,912 | ||||
Oregon – 1.4% | ||||||
Marion and Polk Counties School District 24J, Salem-Kreizer, Oregon, General Obligation Bonds, Convertible Deferred Interest Series 2020B: | ||||||
300 | 0.000%, 6/15/23 (6) | No Opt. Call | AA+ | 327,762 | ||
500 | 0.000%, 6/15/24 (6) | No Opt. Call | AA+ | 567,205 | ||
350 | 0.000%, 6/15/26 | No Opt. Call | AA+ | 423,479 | ||
4,620 | Oregon Business Development Commission, Economic Development Revenue Bonds, Intel Corporation Project, 250 Series 2019, 5.000%, 3/01/49 (Mandatory Put 3/01/22) (AMT) | No Opt. Call | A+ | 4,810,159 | ||
450 | Oregon Facilities Authority, Revenue Bonds, Samaritan Health Services Project, Refunding Series 2020A, 5.000%, 10/01/24 | No Opt. Call | BBB+ | 514,508 | ||
300 | Oregon Facilities Authority, Revenue Bonds, Samaritan Health Services, Refunding Series 2016A, 5.000%, 10/01/25 | No Opt. Call | BBB+ | 353,348 | ||
3,000 | Oregon Health and Science University, Revenue Bonds, Series 2019B-2, 5.000%, 7/01/42 (Mandatory Put 2/01/25) | 11/24 at 100.00 | AA- | 3,401,580 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oregon (continued) | ||||||
$ 1,000 | Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Health Projects, Series 2019A, 4.000%, 5/15/22 | No Opt. Call | AA- | 1,041,460 | ||
10,520 | Total Oregon | 11,439,501 | ||||
Pennsylvania – 1.7% | ||||||
1,000 | Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Allegheny Health Network Obligated Group Issue, Series 2018A, 5.000%, 4/01/22 | No Opt. Call | A | 1,045,140 | ||
800 | Centre County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Mount Nittany Medical Center Project, Series 2018A, 5.000%, 11/15/21 | No Opt. Call | AA- | 822,936 | ||
1,000 | Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master Settlement, Series 2018, 5.000%, 6/01/22 | No Opt. Call | A1 | 1,052,800 | ||
1,625 | Geisinger Authority, Montour County, Pennsylvania, Health System Revenue Bonds, Geisinger Health System, Series 2020B, 5.000%, 4/01/43 (Mandatory Put 2/15/27) | 8/26 at 100.00 | AA- | 1,984,483 | ||
465 | Pennsylvania State University, Revenue Bonds, Series 2020E, 5.000%, 3/01/24 | No Opt. Call | Aa1 | 527,742 | ||
1,000 | Pennsylvania State, General Obligation Bonds, First Series 2015, 5.000%, 3/15/22 | No Opt. Call | Aa3 | 1,045,360 | ||
5,045 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Series 2016, 5.000%, 6/01/21 | No Opt. Call | A3 | 5,080,618 | ||
940 | Philadelphia School District, Pennsylvania, General Obligation Bonds, Tax & Revenue Anticipation Note Series 2020-21A, 4.000%, 6/30/21 | No Opt. Call | N/R | 949,033 | ||
400 | Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2017A, 5.000%, 7/01/22 | No Opt. Call | A2 | 423,328 | ||
Pittsburgh Water and Sewer Authority, Pennsylvania, Water and Sewer System Revenue Bonds, First Lien Series 2020B: | ||||||
550 | 4.000%, 9/01/23 – AGM Insured | No Opt. Call | AA | 597,399 | ||
300 | 4.000%, 9/01/24 – AGM Insured | No Opt. Call | AA | 334,101 | ||
13,125 | Total Pennsylvania | 13,862,940 | ||||
South Carolina – 1.3% | ||||||
2,215 | Richland County, South Carolina, Environmental Improvement Revenue Bonds, International Paper Company Project, Refunding Series 2014A, 3.875%, 4/01/23 (AMT) | No Opt. Call | BBB | 2,353,194 | ||
875 | Rock Hill, South Carolina, Combined Utility System Revenue Bonds, Series 2016, 5.000%, 1/01/27 | 1/26 at 100.00 | A | 1,045,791 | ||
3,285 | South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Bon Secours Mercy Health, Inc, Series 2020B, 5.000%, 12/01/48 (Mandatory Put 10/01/25) | No Opt. Call | AA- | 3,878,665 | ||
2,980 | South Carolina State Ports Authority, Revenue Bonds, Series 2018, 5.000%, 7/01/22 (AMT) | No Opt. Call | A+ | 3,146,135 | ||
9,355 | Total South Carolina | 10,423,785 | ||||
South Dakota – 0.4% | ||||||
100 | Sioux Falls, South Dakota, Health Facilities Revenue Bonds, Dow Rummel Village Project, Refunding Series 2016, 3.000%, 11/01/21 | No Opt. Call | BB | 99,852 | ||
585 | Sioux Falls, South Dakota, Health Facilities Revenue Bonds, Dow Rummel Village Project, Series 2017, 3.100%, 11/01/22 | No Opt. Call | BB | 590,218 | ||
1,940 | South Dakota Health and Educational Facilities Authority, Reveune Bonds, Avera Health, Series 2019A, 5.000%, 7/01/33 (Mandatory Put 7/01/24) | 4/24 at 100.00 | AA- | 2,172,800 | ||
2,625 | Total South Dakota | 2,862,870 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tennessee – 0.8% | ||||||
$ 100 | Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds, CommonSpirit Health, Series 2019A-1, 5.000%, 8/01/28 | No Opt. Call | BBB+ | 125,911 | ||
1,310 | Knox County Health, Educational and Housing Facility Board, Tennessee, Hospital Revenue Bonds, Covenant Health, Refunding Series 2012A, 5.000%, 1/01/24 | 1/23 at 100.00 | A+ | 1,413,071 | ||
4,000 | Tennergy Corporation, Tennessee, Gas Revenue Bonds, Series 2019A, 5.000%, 2/01/50 (Mandatory Put 10/01/24) | 7/24 at 100.58 | Aa2 | 4,586,840 | ||
5,410 | Total Tennessee | 6,125,822 | ||||
Texas – 12.3% | ||||||
5,000 | Austin, Texas, Airport System Revenue Bonds, Refunding Series 2019, 5.000%, 11/15/23 (AMT) | No Opt. Call | A1 | 5,588,050 | ||
1,000 | Austin, Texas, Airport System Revenue Bonds, Series 2019B, 5.000%, 11/15/22 (AMT) | No Opt. Call | A1 | 1,074,130 | ||
Brazos Higher Education Authority Inc, Texas, Student Loan Program Revenue Bonds, Senior Series 2020-1A: | ||||||
1,175 | 5.000%, 4/01/23 (AMT) | No Opt. Call | AA | 1,270,633 | ||
775 | 5.000%, 4/01/24 (AMT) | No Opt. Call | AA | 862,645 | ||
500 | 5.000%, 4/01/25 (AMT) | No Opt. Call | AA | 568,835 | ||
1,540 | Central Texas Regional Mobility Authority, Revenue Bonds, Anticipation Notes Subordinate Lien Series 2020F, 5.000%, 1/01/25 | 7/24 at 100.00 | BBB+ | 1,747,423 | ||
1,000 | Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2013E, 5.000%, 11/01/22 (AMT) | No Opt. Call | A1 | 1,072,340 | ||
2,000 | Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2014D, 5.000%, 11/01/22 (AMT) | No Opt. Call | A+ | 2,144,680 | ||
2,500 | Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2020A, 5.000%, 11/01/24 | No Opt. Call | A1 | 2,896,275 | ||
2,030 | El Paso, Texas, Airport Revenue Bonds, El Paso International Airport Series 2018, 5.000%, 8/15/23 (AMT) | No Opt. Call | A | 2,239,537 | ||
4,550 | Fort Worth Independent School District, Tarrant County, Texas, General Obligation Bonds, Refunding School Building Series 2015, 5.000%, 2/15/23 | No Opt. Call | AAA | 4,955,496 | ||
1,655 | Galveston Independent School District, Galveston County, Texas, General Obligation Bonds, School Building Series 2018, 5.000%, 2/01/22 | No Opt. Call | Aaa | 1,721,630 | ||
5,000 | Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Bond Anticipation Note Series 2014A, 5.000%, 2/01/23 | No Opt. Call | A+ | 5,382,850 | ||
4,170 | Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Health System, Refunding Series 2020C-2, 5.000%, 6/01/32 (Mandatory Put 12/01/24) | 9/24 at 101.10 | A+ | 4,843,121 | ||
8,000 | Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Health System, Refunding Series 2020C-3, 5.000%, 6/01/32 (Mandatory Put 12/01/26) | 9/26 at 101.02 | A+ | 9,836,160 | ||
3,595 | Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Health System, Series 2019B-1, 5.000%, 7/01/49 (Mandatory Put 12/01/22) | 9/22 at 100.88 | A+ | 3,867,681 | ||
1,700 | Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series 2018A, 5.000%, 7/01/22 (AMT) | No Opt. Call | A1 | 1,797,189 | ||
4,210 | Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series 2018C, 5.000%, 7/01/23 (AMT) | No Opt. Call | AA | 4,629,695 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
$ 5,000 | Houston, Texas, Combined Utility System Revenue Bonds, Refunding First Lien Series 2014C, 4.000%, 5/15/21 | No Opt. Call | AA | 5,021,500 | ||
5,000 | Humble Independent School District, Harris County, Texas, General Obligation Bonds, Refunding School Building Series 2015A, 5.250%, 2/15/23 | No Opt. Call | AAA | 5,459,950 | ||
850 | Hunt Memorial Hospital District, Hunt County, Texas, General Obligation Bonds, Refunding & Improvment Series 2020, 5.000%, 2/15/26 | No Opt. Call | A2 | 996,752 | ||
Leander, Texas, General Obligation Bonds, Refunding Series 2020: | ||||||
500 | 5.000%, 8/15/23 | No Opt. Call | AA | 554,980 | ||
525 | 5.000%, 8/15/25 | No Opt. Call | AA | 623,973 | ||
1,000 | Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission Services Corporation Project, Refunding Series 2020, 5.000%, 5/15/25 | No Opt. Call | A+ | 1,175,800 | ||
850 | Lubbock Water and Wastewater System, Texas, Revenue Bonds, Refunding Series 2020B, 5.000%, 2/15/25 | No Opt. Call | AA- | 996,481 | ||
Lumberton Independent School District, Hardin County, Texas, General Obligation Bonds, School Building Series 2021: | ||||||
640 | 4.000%, 2/15/24 | No Opt. Call | Aaa | 705,773 | ||
1,190 | 4.000%, 2/15/25 | No Opt. Call | Aaa | 1,345,715 | ||
450 | Matagorda County Navigation District 1, Texas, Pollution Control Revenue Bonds, Central Power & Light Company Project, Refunding Series 1996, 0.900%, 5/01/30 (Mandatory Put 9/01/23) (AMT) | No Opt. Call | A- | 450,977 | ||
1,565 | Montgomery Independent School District, Montgomery County, Texas, General Obligation Bonds, Refunding & School Building Series 2015, 5.000%, 2/15/26 | 2/25 at 100.00 | AAA | 1,834,054 | ||
310 | New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility Revenue Bonds, Methodist Retirement Communites Crestview Project, Series 2016, 4.000%, 11/15/21 | No Opt. Call | BB+ | 312,945 | ||
2,805 | North Harris County Regional Water Authority, Texas, Water Revenue Bonds, Refunding Senior Lien Series 2016, 4.000%, 12/15/24 | No Opt. Call | AA- | 3,151,417 | ||
Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds, Refunding Series 2021: | ||||||
1,500 | 5.000%, 12/15/24 | No Opt. Call | A3 | 1,734,001 | ||
2,500 | 5.000%, 12/15/25 | No Opt. Call | A3 | 2,965,719 | ||
2,100 | 5.000%, 12/15/26 | No Opt. Call | A3 | 2,549,629 | ||
11,970 | Texas State, General Obligation Bonds, Tax & Revenue Anticipation Note Series 2020, 4.000%, 8/26/21 | No Opt. Call | N/R | 12,158,887 | ||
1,000 | Tomball Independent School District, Harris and Montgomery Counties, Texas, General Obligation Bonds, Building Series 2020, 5.000%, 2/15/25 | No Opt. Call | AAA | 1,174,850 | ||
1,000 | Upper Trinity Regional Water District, Texas, Regional Treated Water Supply System Revenue Bonds, Refunding Series 2020, 4.000%, 8/01/24 | No Opt. Call | A+ | 1,111,690 | ||
91,155 | Total Texas | 100,823,463 | ||||
Utah – 1.3% | ||||||
6,000 | Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2018A, 5.000%, 7/01/23 (AMT) | No Opt. Call | A | 6,603,840 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Utah (continued) | ||||||
Utah Charter School Finance Authority, Charter School Revenue Bonds, Utah Charter Academies Project, Series 2018: | ||||||
$ 335 | 4.000%, 10/15/22 | No Opt. Call | AA | 352,611 | ||
350 | 4.000%, 10/15/23 | No Opt. Call | AA | 377,402 | ||
1,000 | Utah County, Utah, Hospital Revenue Bonds, IHC Health Services Inc, Series 2020B-1, 5.000%, 5/15/60 (Mandatory Put 8/01/24) | 2/24 at 102.15 | AA+ | 1,150,210 | ||
1,500 | Utah County, Utah, Hospital Revenue Bonds, IHC Health Services Inc, Series 2020B-2, 5.000%, 5/15/60 (Mandatory Put 8/01/26) | 2/26 at 102.03 | AA+ | 1,830,105 | ||
500 | Utah Infrastructure Agency, Telecommunications Revenue Bonds, Series 2021, 3.000%, 10/15/23 | No Opt. Call | BBB- | 530,552 | ||
9,685 | Total Utah | 10,844,720 | ||||
Virginia – 0.6% | ||||||
850 | Arlington County Industrial Development Authority, Virginia, Hospital Facility Revenue Bonds, Virginia Hospital Center, Series 2020, 5.000%, 7/01/24 | No Opt. Call | AA- | 970,751 | ||
1,755 | 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 | 1,955,737 | ||
1,000 | Suffolk, Virginia, General Obligation Bonds, Refunding Series 2014, 5.000%, 2/01/25 (Pre-refunded 2/01/24) (4) | 2/24 at 100.00 | AAA | 1,133,194 | ||
540 | Wise County Industrial Development Authority, Virginia, Solid Waste and Sewage Disposal Revenue Bonds, Virginia Electric and Power Company, Series 2010A, 1.200%, 11/01/40 (Mandatory Put 5/31/24) | No Opt. Call | A2 | 549,617 | ||
4,145 | Total Virginia | 4,609,299 | ||||
Washington – 3.2% | ||||||
1,500 | Chelan County Public Utility District 1, Washington, Consolidated System Revenue Bonds, Refunding Series 2020A, 5.000%, 7/01/23 | No Opt. Call | AA+ | 1,658,070 | ||
1,000 | King County School District 406 Tukwila, Washington, General Obligation Bonds, Series 2016, 4.000%, 12/01/21 | No Opt. Call | Aaa | 1,025,550 | ||
1,370 | King County School District 414 Lake Washington, Washington, General Obligation Bonds, Refunding Series 2020, 4.000%, 12/01/25 | No Opt. Call | Aaa | 1,587,583 | ||
1,955 | King County, Washington, Sewer Revenue Bonds, Refunding Junior Lien Series 2020A, 0.625%, 1/01/32 (Mandatory Put 1/01/24) | 7/23 at 100.00 | AA | 1,957,581 | ||
225 | Port Everett, Washington, Revenue Bonds, Refunding Series 2016, 4.000%, 12/01/21 | No Opt. Call | A2 | 230,522 | ||
1,590 | Port of Seattle, Washington, General Obligation Bonds, Refunding Series 2011, 5.250%, 12/01/21 (AMT) | 6/21 at 100.00 | Aaa | 1,602,513 | ||
Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2015C: | ||||||
1,000 | 5.000%, 4/01/21 (AMT) | No Opt. Call | AA- | 1,000,000 | ||
1,000 | 5.000%, 4/01/22 (AMT) | No Opt. Call | AA- | 1,045,650 | ||
3,360 | 5.000%, 4/01/24 (AMT) | No Opt. Call | AA- | 3,784,402 | ||
Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2019: | ||||||
1,000 | 5.000%, 4/01/21 (AMT) | No Opt. Call | AA- | 1,000,000 | ||
2,000 | 5.000%, 4/01/24 (AMT) | No Opt. Call | AA- | 2,252,620 | ||
1,775 | Skagit County Public Hospital District 1, Washington, Revenue Bonds, Skagit Valley Hospital, Refunding & Improvement Series 2016, 4.000%, 12/01/21 | No Opt. Call | Baa2 | 1,806,737 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Washington (continued) | ||||||
$ 2,150 | Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019B-1, 5.000%, 8/01/49 (Mandatory Put 8/01/24) | 2/24 at 100.00 | BBB+ | 2,406,667 | ||
2,550 | Washington State, Federal Highway Grant Anticipation Revenue Bonds, Garvee - SR 520 Corridor Program, Series 2012F, 5.000%, 9/01/21 | No Opt. Call | AA | 2,600,107 | ||
2,000 | Washington State, General Obligation Bonds, Various Purpose Series 2013D, 5.000%, 2/01/23 | No Opt. Call | Aaa | 2,177,580 | ||
24,475 | Total Washington | 26,135,582 | ||||
West Virginia – 0.3% | ||||||
2,710 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Wheeling Power Company - Mitchell Project, Series 2013A, 3.000%, 6/01/37 (Mandatory Put 4/01/22) (AMT) | No Opt. Call | A- | 2,783,631 | ||
Wisconsin – 3.4% | ||||||
Kenosha, Wisconsin, General Obligation Bonds, Promissory Note Series 2020A: | ||||||
350 | 2.000%, 5/01/23 | No Opt. Call | AA | 361,882 | ||
625 | 2.000%, 5/01/25 | No Opt. Call | AA | 658,219 | ||
New Richmond School District, Wisconsin, St Croix County, General Obligation Bonds, Refunding Series 2021: | ||||||
1,500 | 4.000%, 4/01/24 | No Opt. Call | Aa2 | 1,652,700 | ||
600 | 5.000%, 4/01/26 | No Opt. Call | Aa2 | 719,652 | ||
Public Finance Authority of Wisconsin, Health Care Facilities Revenue Bonds, Blue Ridge HealthCare, Refunding Series 2020A: | ||||||
400 | 5.000%, 1/01/22 | No Opt. Call | A | 413,528 | ||
300 | 5.000%, 1/01/23 | No Opt. Call | A | 323,613 | ||
200 | 5.000%, 1/01/24 | No Opt. Call | A | 223,178 | ||
400 | 5.000%, 1/01/26 | No Opt. Call | A | 474,096 | ||
Public Finance Authority of Wisconsin, Hospital Revenue Bonds, Renown Regional Medical Center Project, Refunding Series 2020A: | ||||||
700 | 5.000%, 6/01/24 | No Opt. Call | A+ | 797,195 | ||
325 | 5.000%, 6/01/26 | No Opt. Call | A+ | 393,195 | ||
Racine Unified School District, Racine County, Wisconsin, General Obligation Bonds, Refunding Series 2021: | ||||||
200 | 2.000%, 4/01/23 | No Opt. Call | Aa3 | 206,818 | ||
475 | 2.000%, 4/01/24 | No Opt. Call | Aa3 | 497,263 | ||
600 | 2.000%, 4/01/25 | No Opt. Call | Aa3 | 633,148 | ||
250 | Racine, Racine County, Wisconsin, General Obligation Bonds, Refunding Series 2020B, 4.000%, 12/01/24 | No Opt. Call | AA- | 279,550 | ||
1,360 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Mercy Alliance, Inc, Series 2012, 5.000%, 6/01/27 | 6/22 at 100.00 | A3 | 1,417,433 | ||
3,155 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Advocate Aurora Health Credit Group, Variable Rate Demand Series 2018B-3, 5.000%, 8/15/54 (Mandatory Put 1/31/24) | No Opt. Call | AA | 3,556,221 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wisconsin (continued) | ||||||
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Agnesian HealthCare, Inc, Series 2017: | ||||||
$ 1,050 | 5.000%, 7/01/21 | No Opt. Call | A+ | 1,061,770 | ||
250 | 5.000%, 7/01/26 | No Opt. Call | A+ | 301,572 | ||
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Bellin Memorial Hospital, Inc, Series 2019A: | ||||||
75 | 5.000%, 12/01/23 | No Opt. Call | A+ | 83,917 | ||
100 | 5.000%, 12/01/24 | No Opt. Call | A+ | 115,382 | ||
110 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Bellin Memorial Hospital, Inc, Series 2019B, 3.000%, 12/01/24 | No Opt. Call | A+ | 118,999 | ||
1,055 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Benevolent Corporation Cedar Community, Series 2017, 5.000%, 6/01/22 | No Opt. Call | N/R | 1,082,620 | ||
330 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Franciscan Sisters of Christian Charity Sponsored Ministry, Series 2017A, 5.000%, 9/01/21 (ETM) | No Opt. Call | BBB- (4) | 336,237 | ||
3,745 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Marshfield Clinic Health System, Inc, Series 2020B-2, 5.000%, 2/15/51 (Mandatory Put 2/15/27) | 8/26 at 100.00 | A- | 4,466,999 | ||
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Saint John's Communities Inc, Series 2018A: | ||||||
500 | 4.000%, 9/15/21 | No Opt. Call | BBB- | 504,750 | ||
500 | 4.000%, 9/15/22 | No Opt. Call | BBB- | 514,810 | ||
455 | 4.000%, 9/15/23 | No Opt. Call | BBB- | 476,822 | ||
1,640 | Wisconsin Rapids School District, Wood and Portage Counties, Wisconsin, General Obligation Bonds, Refunding Series 2020, 5.000%, 4/01/24 | No Opt. Call | Aa3 | 1,852,888 | ||
Wisconsin State, Master Lease Certificates of Participation, Series 2021A: | ||||||
1,170 | 4.000%, 9/01/23 | No Opt. Call | Aa2 | 1,274,085 | ||
1,545 | 4.000%, 9/01/24 | No Opt. Call | Aa2 | 1,730,637 | ||
1,300 | 4.000%, 9/01/25 | No Opt. Call | Aa2 | 1,492,097 | ||
25,265 | Total Wisconsin | 28,021,276 | ||||
Wyoming – 0.1% | ||||||
710 | Larmie County, Wyoming, Hospital Revenue Bonds, Cheyenne Regional Medical Center Project, Refunding Series 2021, 4.000%, 5/01/24 | No Opt. Call | A | 786,756 | ||
$ 695,996 | Total Municipal Bonds (cost $741,035,349) | 753,927,646 |
Shares | Description (1) | Value | ||||
COMMON STOCKS – 0.1% | ||||||
Electric Utilities – 0.1% | ||||||
22,152 | Energy Harbor Corp (7), (8), (9) | $ 626,724 | ||||
Total Common Stocks (cost $751,144) | 626,724 | |||||
Total Long-Term Investments (cost $741,786,493) | 754,554,370 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
SHORT-TERM INVESTMENTS – 5.4% | ||||||
MUNICIPAL BONDS – 5.4% | ||||||
National – 0.9% | ||||||
$ 7,500 | JPMorgan Chase Putters/Drivers Trust Various States, Variable Rate Demand Obligations, Series 5028, 0.230%, 6/01/21 (AMT) (Mandatory Put 3/31/21), 144A | No Opt. Call | F1+ | $ 7,500,000 | ||
Alabama – 0.2% | ||||||
1,795 | Mobile Industrial Development Board, Alabama, Pollution Control Revenue Refunding Bonds, Alabama Power Company Barry Plan, Variable Rate Demand Obligations, Series 2007A, 1.000%, 6/01/34 (Mandatory Put 6/26/25) (10) | No Opt. Call | A | 1,815,912 | ||
Arizona – 0.3% | ||||||
2,000 | Yavapai County Industrial Development Authority, Arizona, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Variable Rate Demand Obligations, Series 2003A-2, 2.200%, 3/01/28 (AMT) (Mandatory Put 6/03/24) (10) | No Opt. Call | A-2 | 2,100,040 | ||
Florida – 0.5% | ||||||
4,000 | Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project, Variable Rate Demand Obligations, Series 2019A, 6.250%, 1/01/49 (AMT) (Mandatory Put 1/01/24), 144A (10) | 6/21 at 103.00 | N/R | 3,940,440 | ||
Indiana – 0.4% | ||||||
3,250 | Indiana Development Finance Authority, Solid Waste Disposal Revenue Refunding Bonds, Waste Management Inc Project, Variable Rate Demand Obligations, Series 2001, 2.950%, 10/01/31 (AMT) (Mandatory Put 10/01/21) (10) | No Opt. Call | A-2 | 3,290,268 | ||
Louisiana – 0.3% | ||||||
2,400 | Louisiana Offshore Terminal Authority, Deepwater Port Revenue Bonds, LOOP Inc Project, Variable Rate Demand Obligations, Series 2010B-1A, 2.000%, 10/01/40 (Mandatory Put 10/01/22) (10) | No Opt. Call | BBB+ | 2,420,784 | ||
Missouri – 0.0% | ||||||
310 | Orchard Farm R-V School District, Saint Charles County, Missouri, Certificates of Participation, Variable Rate Demand Obligations, Series 2020, 3.000%, 4/01/21 | No Opt. Call | N/R | 310,000 | ||
Nevada – 0.4% | ||||||
3,000 | Director of the State of Nevada Department of Business and Industry, Solid Waste Disposal Revenue Bonds, Republic Services Inc, Variable Rate Demand Obligations, Series 2001, 0.300%, 12/01/26 (AMT) (Mandatory Put 6/01/21), 144A (10) | No Opt. Call | A-2 | 3,000,000 | ||
Oregon – 0.2% | ||||||
1,200 | Gilliam County, Oregon, Solid Waste Disposal Revenue Bonds, Waste Management Inc Project, Variable Rate Demand Obligations, Series 2003A, 2.400%, 7/01/38 (AMT) (Mandatory Put 5/02/22) (10) | No Opt. Call | A-2 | 1,225,452 | ||
Utah – 0.9% | ||||||
7,240 | Weber County, Utah, Hospital Revenue Bonds, IHC Health Services Inc, Variable Rate Demand Obligations, Series 2000C, 0.060%, 2/15/35 (Mandatory Put 3/31/21) (10) | 3/21 at 100.00 | A-1+ | 7,240,000 | ||
Virginia – 0.5% |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Virginia (continued) | ||||||
$ 1,500 | Charles City County Industrial Development Authority, Virginia, Solid Waste Disposal Facility Revenue Bonds, Waste Management, Inc, Variable Rate Demand Obligations, Series 2003, 2.400%, 8/01/27 (AMT) (Mandatory Put 5/02/22) (10) | No Opt. Call | A-2 | $1,531,815 | ||
1,250 | Gloucester County Industrial Development Authority, Virginia, Solid Waste Disposal Revenue Bonds, Waste Management Disposal Services of Virginia, Inc Project, Variable Rate Demand Obligations, Series 2003A, 2.400%, 9/01/38 (AMT) (Mandatory Put 5/02/22) (10) | No Opt. Call | A-2 | 1,276,512 | ||
1,470 | Sussex County Industrial Development Authority, Virginia, Solid Waste Disposal Revenue Bonds, Atlantic Waste Disposal, Inc Project, Variable Rate Demand Obligations, Series 2003A, 2.400%, 6/01/28 (AMT) (Mandatory Put 5/02/22) (10) | No Opt. Call | A-2 | 1,501,179 | ||
4,220 | Total Virginia | 4,309,506 | ||||
Wisconsin – 0.8% | ||||||
2,855 | Public Finance Authority of Wisconsin, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Variable Rate Demand Obligations, Refunding Series 2016A-3, 2.000%, 7/01/29 (AMT) (Mandatory Put 6/01/21) (10) | No Opt. Call | A-2 | 2,862,023 | ||
3,715 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Advocate Aurora Health Credit Group, Variable Rate Demand Obligations, Series 2018B-2, 5.000%, 8/15/54 (Mandatory Put 1/25/23) (10) | No Opt. Call | AA | 4,020,670 | ||
6,570 | Total Wisconsin | 6,882,693 | ||||
$ 43,485 | Total Short-Term Investments (cost $43,727,133) | 44,035,095 | ||||
Total Investments (cost $785,513,626) – 97.7% | 798,589,465 | |||||
Other Assets Less Liabilities – 2.3% | 18,574,641 | |||||
Net Assets – 100% | $ 817,164,106 |
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns. Optional Call Provisions are not covered by the report of independent registered public accounting firm. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. Ratings are not covered by the report of independent registered public accounting firm. | |
(4) | 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. | |
(5) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(6) | Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding. The rate shown is the coupon as of the end of the reporting period. | |
(7) | Common Stock received as part of the bankruptcy settlements during February 2020 for Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 0.000%, 12/01/23. | |
(8) | For fair value measurement disclosure purposes, investment classified as Level 2. See Notes to Financial Statements, Note 3 - Investment Valuation and Fair Value Measurements for more information. | |
(9) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
(10) | 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 | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
All-American | Intermediate Duration | Limited Term | Short Term | |
Assets | ||||
Long-term investments, at value (cost $7,650,947,090, $9,363,133,122, $7,243,601,144 and $741,786,493, respectively) | $8,179,287,986 | $ 9,855,776,572 | $7,477,400,427 | $754,554,370 |
Short-term investments, at value (cost $18,327,270, $378,335,770, $330,300,446 and $43,727,133, respectively) | 17,929,002 | 381,740,411 | 332,384,876 | 44,035,095 |
Cash | 42,379 | 55,506,156 | 21,120,060 | 8,449,355 |
Receivable for: | ||||
Interest | 93,178,994 | 105,152,103 | 77,900,648 | 9,206,167 |
Investments sold | 25,548,827 | 50,349,305 | 57,752,286 | 11,903,511 |
Shares sold | 25,137,540 | 20,364,039 | 22,079,090 | 3,569,323 |
Other assets | 829,793 | 1,037,465 | 697,404 | 103,185 |
Total assets | 8,341,954,521 | 10,469,926,051 | 7,989,334,791 | 831,821,006 |
Liabilities | ||||
Borrowings | 27,500,000 | — | — | — |
Floating rate obligations | 422,375,000 | — | — | — |
Payable for: | ||||
Dividends | 4,485,943 | 7,524,073 | 2,452,825 | 261,957 |
Interest | 814,031 | — | — | — |
Investments purchased - regular settlement | 2,269,999 | 13,801,994 | 413,571 | — |
Investments purchased - when-issued/delayed-delivery settlement | 6,654,519 | 74,986,165 | 99,677,008 | 13,182,289 |
Shares redeemed | 14,020,759 | 13,826,034 | 9,263,421 | 558,011 |
Accrued expenses: | ||||
Management fees | 2,532,264 | 3,291,859 | 2,195,864 | 272,235 |
Directors/Trustees fees | 691,786 | 950,142 | 592,524 | 57,080 |
12b-1 distribution and service fees | 796,455 | 223,608 | 353,561 | 70,310 |
Other | 2,227,106 | 2,760,763 | 2,609,878 | 255,018 |
Total liabilities | 484,367,862 | 117,364,638 | 117,558,652 | 14,656,900 |
Commitments and contingencies (as disclosed in Note 8) | ||||
Net assets | $7,857,586,659 | $10,352,561,413 | $7,871,776,139 | $817,164,106 |
All-American | Intermediate Duration | Limited Term | Short Term | |
Class A Shares | ||||
Net assets | $3,154,427,789 | $ 967,315,088 | $1,597,779,961 | $329,108,963 |
Shares outstanding | 260,895,596 | 101,125,344 | 141,179,555 | 32,341,000 |
Net asset value ("NAV") per share | $ 12.09 | $ 9.57 | $ 11.32 | $ 10.18 |
Offering price per share (NAV per share plus maximum sales charge of 4.20%, 3.00%, 2.50% and 2.50%, respectively, of offering price) | $ 12.62 | $ 9.87 | $ 11.61 | $ 10.44 |
Class C Shares | ||||
Net assets | $ 293,332,781 | $ 65,565,641 | $ 88,542,567 | $ 16,519,422 |
Shares outstanding | 24,264,233 | 6,853,431 | 7,853,186 | 1,627,695 |
NAV and offering price per share | $ 12.09 | $ 9.57 | $ 11.27 | $ 10.15 |
Class C2 Shares | ||||
Net assets | $ 14,261,963 | $ 4,514,046 | $ 13,319,695 | $ 2,379,207 |
Shares outstanding | 1,178,527 | 471,068 | 1,178,799 | 234,008 |
NAV and offering price per share | $ 12.10 | $ 9.58 | $ 11.30 | $ 10.17 |
Class R6 Shares | ||||
Net assets | $ 114,355,438 | $ — | $ — | $ — |
Shares outstanding | 9,406,997 | — | — | — |
NAV and offering price per share | $ 12.16 | $ — | $ — | $ — |
Class I Shares | ||||
Net assets | $4,281,208,688 | $ 9,315,166,638 | $6,172,133,916 | $469,156,514 |
Shares outstanding | 352,519,489 | 970,719,374 | 547,302,354 | 46,049,203 |
NAV and offering price per share | $ 12.14 | $ 9.60 | $ 11.28 | $ 10.19 |
Fund level net assets consist of: | ||||
Capital paid-in | $7,457,746,305 | $ 9,894,537,141 | $7,675,142,250 | $805,462,280 |
Total distributable earnings | 399,840,354 | 458,024,272 | 196,633,889 | 11,701,826 |
Fund level net assets | $7,857,586,659 | $10,352,561,413 | $7,871,776,139 | $817,164,106 |
Authorized shares - per class | Unlimited | Unlimited | Unlimited | 2 billion |
Par value per share | $ 0.01 | $ 0.001 | $ 0.01 | $ 0.0001 |
All-American | Intermediate Duration | Limited Term | Short Term | |
Investment Income | $245,243,206 | $258,329,825 | $133,696,868 | $13,591,263 |
Expenses | ||||
Management fees | 26,066,069 | 35,567,734 | 23,353,809 | 3,073,335 |
12b-1 service fees - Class A Shares | 5,283,231 | 1,735,712 | 2,859,987 | 583,023 |
12b-1 distribution and service fees - Class C Shares | 2,677,671 | 637,653 | 885,153 | 180,282 |
12b-1 distribution and service fees - Class C2 Shares | 498,846 | 136,287 | 361,210 | 20,616 |
Shareholder servicing agent fees | 2,380,799 | 3,456,575 | 2,924,602 | 253,393 |
Interest expense | 2,042,521 | 209,817 | 134,530 | 16,679 |
Custodian fees | 504,261 | 591,376 | 484,552 | 93,915 |
Professional fees | 325,959 | 401,947 | 286,544 | 50,326 |
Trustees fees | 189,680 | 262,834 | 197,790 | 22,257 |
Shareholder reporting expenses | 393,191 | 565,278 | 450,072 | 58,665 |
Federal and state registration fees | 548,365 | 346,722 | 454,347 | 143,885 |
Other | 48,715 | 68,157 | 56,294 | 10,055 |
Total expenses | 40,959,308 | 43,980,092 | 32,448,890 | 4,506,431 |
Net investment income (loss) | 204,283,898 | 214,349,733 | 101,247,978 | 9,084,832 |
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) from: | ||||
Investments | (19,246,567) | (9,932,303) | (3,800,073) | 2,678 |
Futures contracts | (1,335,976) | — | — | — |
Change in net unrealized appreciation (depreciation) of: | ||||
Investments | 346,830,823 | 315,666,890 | 193,411,331 | 12,703,499 |
Futures contracts | 1,353,022 | — | — | — |
Net realized and unrealized gain (loss) | 327,601,302 | 305,734,587 | 189,611,258 | 12,706,177 |
Net increase (decrease) in net assets from operations | $531,885,200 | $520,084,320 | $290,859,236 | $21,791,009 |
All-American | Intermediate Duration | ||||
Year Ended 3/31/21 | Year Ended 3/31/20 | Year Ended 3/31/21 | Year Ended 3/31/20 | ||
Operations | |||||
Net investment income (loss) | $ 204,283,898 | $ 159,773,941 | $ 214,349,733 | $ 216,128,206 | |
Net realized gain (loss) from: | |||||
Investments | (19,246,567) | (17,874,162) | (9,932,303) | (686,560) | |
Futures contracts | (1,335,976) | (2,339,196) | — | — | |
Change in net unrealized appreciation (depreciation) of: | |||||
Investments | 346,830,823 | (76,490,849) | 315,666,890 | (70,381,711) | |
Futures contracts | 1,353,022 | (907,084) | — | — | |
Net increase (decrease) in net assets from operations | 531,885,200 | 62,162,650 | 520,084,320 | 145,059,935 | |
Distributions to Shareholders | |||||
Dividends: | |||||
Class A Shares | (81,123,930) | (65,545,230) | (20,215,019) | (17,992,649) | |
Class C Shares | (6,076,930) | (5,700,740) | (964,927) | (982,703) | |
Class C2 Shares | (1,694,048) | (3,409,194) | (325,755) | (751,531) | |
Class R6 Shares | (2,618,935) | (945,871) | — | — | |
Class I Shares | (118,819,419) | (95,386,808) | (210,955,887) | (205,452,051) | |
Return of capital: | |||||
Class A Shares | — | — | — | — | |
Class C Shares | — | — | — | — | |
Class C2 Shares | — | — | — | — | |
Class R6 Shares | — | — | — | — | |
Class I Shares | — | — | — | — | |
Decrease in net assets from distributions to shareholders | (210,333,262) | (170,987,843) | (232,461,588) | (225,178,934) | |
Fund Share Transactions | |||||
Fund reorganization(1) | 360,774,817 | — | — | — | |
Proceeds from sale of shares | 2,896,007,035 | 2,640,135,458 | 4,088,450,020 | 3,724,771,938 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 160,214,162 | 129,017,874 | 143,553,431 | 140,287,979 | |
3,416,996,014 | 2,769,153,332 | 4,232,003,451 | 3,865,059,917 | ||
Cost of shares redeemed | (1,481,377,443) | (1,132,846,984) | (2,797,262,006) | (1,987,525,001) | |
Net increase (decrease) in net assets from Fund share transactions | 1,935,618,571 | 1,636,306,348 | 1,434,741,445 | 1,877,534,916 | |
Net increase (decrease) in net assets | 2,257,170,509 | 1,527,481,155 | 1,722,364,177 | 1,797,415,917 | |
Net assets at the beginning of period | 5,600,416,150 | 4,072,934,995 | 8,630,197,236 | 6,832,781,319 | |
Net assets at the end of period | $ 7,857,586,659 | $ 5,600,416,150 | $10,352,561,413 | $ 8,630,197,236 |
(1) | Refer to Note 1 – General Information and Note 10 – Fund Reorganization for further details. |
Limited Term | Short Term | ||||
Year Ended 3/31/21 | Year Ended 3/31/20 | Year Ended 3/31/21 | Year Ended 3/31/20 | ||
Operations | |||||
Net investment income (loss) | $ 101,247,978 | $ 118,225,462 | $ 9,084,832 | $ 10,262,491 | |
Net realized gain (loss) from: | |||||
Investments | (3,800,073) | (10,433,665) | 2,678 | 145,650 | |
Futures contracts | — | — | — | — | |
Change in net unrealized appreciation (depreciation) of: | |||||
Investments | 193,411,331 | (40,751,233) | 12,703,499 | (3,977,366) | |
Futures contracts | — | — | — | — | |
Net increase (decrease) in net assets from operations | 290,859,236 | 67,040,564 | 21,791,009 | 6,430,775 | |
Distributions to Shareholders | |||||
Dividends: | |||||
Class A Shares | (23,285,932) | (21,992,347) | (3,972,567) | (2,449,476) | |
Class C Shares | (798,670) | (973,185) | (104,616) | (56,925) | |
Class C2 Shares | (901,317) | (2,400,537) | (38,822) | (53,041) | |
Class R6 Shares | — | — | — | — | |
Class I Shares | (97,064,632) | (92,830,538) | (7,146,886) | (7,556,394) | |
Return of capital: | |||||
Class A Shares | (1,633,980) | — | — | — | |
Class C Shares | (56,043) | — | — | — | |
Class C2 Shares | (63,246) | — | — | — | |
Class R6 Shares | — | — | — | — | |
Class I Shares | (6,810,971) | — | — | — | |
Decrease in net assets from distributions to shareholders | (130,614,791) | (118,196,607) | (11,262,891) | (10,115,836) | |
Fund Share Transactions | |||||
Fund reorganization(1) | — | — | — | — | |
Proceeds from sale of shares | 3,650,856,595 | 2,390,214,258 | 437,620,628 | 392,472,117 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 93,391,623 | 79,784,212 | 7,853,315 | 6,713,244 | |
3,744,248,218 | 2,469,998,470 | 445,473,943 | 399,185,361 | ||
Cost of shares redeemed | (1,912,177,897) | (1,845,698,380) | (360,588,985) | (276,554,316) | |
Net increase (decrease) in net assets from Fund share transactions | 1,832,070,321 | 624,300,090 | 84,884,958 | 122,631,045 | |
Net increase (decrease) in net assets | 1,992,314,766 | 573,144,047 | 95,413,076 | 118,945,984 | |
Net assets at the beginning of period | 5,879,461,373 | 5,306,317,326 | 721,751,030 | 602,805,046 | |
Net assets at the end of period | $ 7,871,776,139 | $ 5,879,461,373 | $ 817,164,106 | $ 721,751,030 |
(1) | Refer to Note 1 – General Information and Note 10 – Fund Reorganization for further details. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (10/88) | |||||||||
March 31, 2021 | $11.49 | $0.35 | $ 0.62 | $ 0.97 | $(0.37) | $ — | $(0.37) | $12.09 | |
March 31, 2020 | 11.60 | 0.36 | (0.07) | 0.29 | (0.40) | — | (0.40) | 11.49 | |
March 31, 2019 | 11.44 | 0.42 | 0.15 | 0.57 | (0.41) | — | (0.41) | 11.60 | |
March 31, 2018 | 11.34 | 0.43 | 0.10 | 0.53 | (0.43) | — | (0.43) | 11.44 | |
March 31, 2017(e) | 11.80 | 0.39 | (0.46) | (0.07) | (0.39) | — | (0.39) | 11.34 | |
April 30, 2016 | 11.57 | 0.43 | 0.23 | 0.66 | (0.43) | — | (0.43) | 11.80 | |
Class C (2/14) | |||||||||
March 31, 2021 | 11.48 | 0.26 | 0.62 | 0.88 | (0.27) | — | (0.27) | 12.09 | |
March 31, 2020 | 11.60 | 0.27 | (0.09) | 0.18 | (0.30) | — | (0.30) | 11.48 | |
March 31, 2019 | 11.44 | 0.33 | 0.15 | 0.48 | (0.32) | — | (0.32) | 11.60 | |
March 31, 2018 | 11.35 | 0.33 | 0.10 | 0.43 | (0.34) | — | (0.34) | 11.44 | |
March 31, 2017(e) | 11.80 | 0.31 | (0.46) | (0.15) | (0.30) | — | (0.30) | 11.35 | |
April 30, 2016 | 11.58 | 0.33 | 0.23 | 0.56 | (0.34) | — | (0.34) | 11.80 | |
Class C2 (6/93) | |||||||||
March 31, 2021 | 11.49 | 0.29 | 0.62 | 0.91 | (0.30) | — | (0.30) | 12.10 | |
March 31, 2020 | 11.61 | 0.30 | (0.09) | 0.21 | (0.33) | — | (0.33) | 11.49 | |
March 31, 2019 | 11.44 | 0.36 | 0.15 | 0.51 | (0.34) | — | (0.34) | 11.61 | |
March 31, 2018 | 11.35 | 0.36 | 0.09 | 0.45 | (0.36) | — | (0.36) | 11.44 | |
March 31, 2017(e) | 11.80 | 0.33 | (0.45) | (0.12) | (0.33) | — | (0.33) | 11.35 | |
April 30, 2016 | 11.58 | 0.36 | 0.23 | 0.59 | (0.37) | — | (0.37) | 11.80 | |
Class R6 (6/16) | |||||||||
March 31, 2021 | 11.55 | 0.38 | 0.62 | 1.00 | (0.39) | — | (0.39) | 12.16 | |
March 31, 2020 | 11.66 | 0.38 | (0.06) | 0.32 | (0.43) | — | (0.43) | 11.55 | |
March 31, 2019 | 11.49 | 0.45 | 0.15 | 0.60 | (0.43) | — | (0.43) | 11.66 | |
March 31, 2018 | 11.39 | 0.46 | 0.09 | 0.55 | (0.45) | — | (0.45) | 11.49 | |
March 31, 2017(f) | 12.09 | 0.34 | (0.71) | (0.37) | (0.33) | — | (0.33) | 11.39 | |
Class I (2/97) | |||||||||
March 31, 2021 | 11.54 | 0.38 | 0.61 | 0.99 | (0.39) | — | (0.39) | 12.14 | |
March 31, 2020 | 11.65 | 0.38 | (0.07) | 0.31 | (0.42) | — | (0.42) | 11.54 | |
March 31, 2019 | 11.49 | 0.44 | 0.15 | 0.59 | (0.43) | — | (0.43) | 11.65 | |
March 31, 2018 | 11.39 | 0.45 | 0.10 | 0.55 | (0.45) | — | (0.45) | 11.49 | |
March 31, 2017(e) | 11.85 | 0.41 | (0.46) | (0.05) | (0.41) | — | (0.41) | 11.39 | |
April 30, 2016 | 11.62 | 0.45 | 0.24 | 0.69 | (0.46) | — | (0.46) | 11.85 |
Ratios/Supplemental Data | |||||
Ratios to Average Net Assets | |||||
Total Return(b) | Ending Net Assets (000) | Expenses Including Interest(c) | Expenses Excluding Interest | Net Investment Income (Loss) | Portfolio Turnover Rate(d) |
8.51% | $3,154,428 | 0.69% | 0.66% | 2.98% | 19% |
2.41 | 2,255,358 | 0.70 | 0.67 | 3.10 | 14 |
5.11 | 1,554,833 | 0.73 | 0.69 | 3.68 | 29 |
4.66 | 1,325,011 | 0.72 | 0.69 | 3.69 | 14 |
(0.66) | 1,136,311 | 0.73* | 0.70* | 3.66* | 24 |
5.85 | 1,170,705 | 0.70 | 0.70 | 3.68 | 13 |
7.73 | 293,333 | 1.49 | 1.46 | 2.18 | 19 |
1.52 | 244,369 | 1.50 | 1.47 | 2.31 | 14 |
4.29 | 195,053 | 1.53 | 1.49 | 2.88 | 29 |
3.76 | 186,999 | 1.52 | 1.49 | 2.89 | 14 |
(1.38) | 163,496 | 1.52* | 1.49* | 2.87* | 24 |
5.04 | 116,024 | 1.50 | 1.50 | 2.86 | 13 |
8.00 | 14,262 | 1.24 | 1.21 | 2.45 | 19 |
1.76 | 94,705 | 1.25 | 1.22 | 2.60 | 14 |
4.60 | 142,450 | 1.28 | 1.24 | 3.12 | 29 |
3.98 | 217,048 | 1.27 | 1.24 | 3.15 | 14 |
(1.07) | 264,617 | 1.28* | 1.25* | 3.11* | 24 |
5.22 | 308,100 | 1.25 | 1.25 | 3.13 | 13 |
8.79 | 114,355 | 0.45 | 0.42 | 3.19 | 19 |
2.65 | 41,526 | 0.47 | 0.44 | 3.29 | 14 |
5.40 | 12,469 | 0.49 | 0.45 | 3.90 | 29 |
4.86 | 6,725 | 0.48 | 0.45 | 3.94 | 14 |
(3.04) | 6,674 | 0.49* | 0.46* | 3.95* | 24 |
8.69 | 4,281,209 | 0.49 | 0.45 | 3.17 | 19 |
2.60 | 2,964,458 | 0.50 | 0.47 | 3.31 | 14 |
5.31 | 2,168,129 | 0.53 | 0.49 | 3.88 | 29 |
4.86 | 1,979,364 | 0.52 | 0.49 | 3.89 | 14 |
(0.47) | 1,654,217 | 0.53* | 0.50* | 3.86* | 24 |
6.05 | 1,417,738 | 0.50 | 0.50 | 3.88 | 13 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(c) | The expense ratios reflect, among other things, the interest expense deemed to have been paid by the Fund on the floating rate certificates issued by the special purpose trusts for the self-deposited inverse floaters held by the Fund, where applicable, as described in Note 4 – Portfolio Securities and Investments in Derivatives and the interest expense and fees paid on borrowings, as described in Note 9 - Borrowing Arrangements. |
(d) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
(e) | For the eleven months ended March 31, 2017. |
(f) | For the period June 30, 2016 (commencement of operations) through March 31, 2017. |
* | Annualized. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (6/95) | |||||||||
March 31, 2021 | $9.26 | $0.20 | $ 0.33 | $ 0.53 | $(0.22) | $ — | $(0.22) | $9.57 | |
March 31, 2020 | 9.29 | 0.23 | (0.02) | 0.21 | (0.24) | — | (0.24) | 9.26 | |
March 31, 2019 | 9.07 | 0.26 | 0.21 | 0.47 | (0.25) | — | (0.25) | 9.29 | |
March 31, 2018 | 9.03 | 0.27 | 0.02 | 0.29 | (0.25) | — | (0.25) | 9.07 | |
March 31, 2017(f) | 9.40 | 0.23 | (0.36) | (0.13) | (0.23) | (0.01) | (0.24) | 9.03 | |
April 30, 2016 | 9.22 | 0.26 | 0.18 | 0.44 | (0.26) | — | (0.26) | 9.40 | |
Class C (2/14) | |||||||||
March 31, 2021 | 9.26 | 0.13 | 0.32 | 0.45 | (0.14) | — | (0.14) | 9.57 | |
March 31, 2020 | 9.29 | 0.16 | (0.02) | 0.14 | (0.17) | — | (0.17) | 9.26 | |
March 31, 2019 | 9.08 | 0.19 | 0.20 | 0.39 | (0.18) | — | (0.18) | 9.29 | |
March 31, 2018 | 9.03 | 0.19 | 0.04 | 0.23 | (0.18) | — | (0.18) | 9.08 | |
March 31, 2017(f) | 9.40 | 0.16 | (0.35) | (0.19) | (0.17) | (0.01) | (0.18) | 9.03 | |
April 30, 2016 | 9.23 | 0.18 | 0.18 | 0.36 | (0.19) | — | (0.19) | 9.40 | |
Class C2 (6/95) | |||||||||
March 31, 2021 | 9.27 | 0.15 | 0.33 | 0.48 | (0.17) | — | (0.17) | 9.58 | |
March 31, 2020 | 9.29 | 0.18 | (0.01) | 0.17 | (0.19) | — | (0.19) | 9.27 | |
March 31, 2019 | 9.09 | 0.21 | 0.19 | 0.40 | (0.20) | — | (0.20) | 9.29 | |
March 31, 2018 | 9.04 | 0.22 | 0.04 | 0.26 | (0.21) | — | (0.21) | 9.09 | |
March 31, 2017(f) | 9.41 | 0.18 | (0.35) | (0.17) | (0.19) | (0.01) | (0.20) | 9.04 | |
April 30, 2016 | 9.24 | 0.21 | 0.17 | 0.38 | (0.21) | — | (0.21) | 9.41 | |
Class I (11/76) | |||||||||
March 31, 2021 | 9.29 | 0.22 | 0.33 | 0.55 | (0.24) | — | (0.24) | 9.60 | |
March 31, 2020 | 9.31 | 0.25 | (0.01) | 0.24 | (0.26) | — | (0.26) | 9.29 | |
March 31, 2019 | 9.10 | 0.28 | 0.20 | 0.48 | (0.27) | — | (0.27) | 9.31 | |
March 31, 2018 | 9.05 | 0.29 | 0.03 | 0.32 | (0.27) | — | (0.27) | 9.10 | |
March 31, 2017(f) | 9.42 | 0.25 | (0.36) | (0.11) | (0.25) | (0.01) | (0.26) | 9.05 | |
April 30, 2016 | 9.25 | 0.28 | 0.17 | 0.45 | (0.28) | — | (0.28) | 9.42 |
Ratios/Supplemental Data | |||||
Ratios to Average Net Assets (c) | |||||
Total Return(b) | Ending Net Assets (000) | Expenses Including Interest(d) | Expenses Excluding Interest | Net Investment Income (Loss) | Portfolio Turnover Rate(e) |
5.79% | $ 967,315 | 0.64% | 0.64% | 2.12% | 18% |
2.28 | 768,267 | 0.65 | 0.65 | 2.45 | 22 |
5.29 | 603,262 | 0.67 | 0.67 | 2.86 | 15 |
3.25 | 525,754 | 0.68 | 0.68 | 2.90 | 18 |
(1.40) | 505,589 | 0.69* | 0.69* | 2.70* | 24 |
4.83 | 1,076,822 | 0.68 | 0.68 | 2.77 | 18 |
4.93 | 65,566 | 1.44 | 1.44 | 1.33 | 18 |
1.48 | 59,004 | 1.45 | 1.45 | 1.65 | 22 |
4.35 | 48,182 | 1.47 | 1.47 | 2.06 | 15 |
2.56 | 46,897 | 1.48 | 1.48 | 2.11 | 18 |
(2.10) | 45,483 | 1.49* | 1.49* | 1.91* | 24 |
3.91 | 35,070 | 1.48 | 1.48 | 1.99 | 18 |
5.19 | 4,514 | 1.19 | 1.19 | 1.61 | 18 |
1.85 | 27,376 | 1.20 | 1.20 | 1.92 | 22 |
4.51 | 43,300 | 1.22 | 1.22 | 2.31 | 15 |
2.82 | 66,052 | 1.23 | 1.23 | 2.36 | 18 |
(1.86) | 85,193 | 1.24* | 1.24* | 2.16* | 24 |
4.17 | 101,168 | 1.24 | 1.24 | 2.28 | 18 |
5.97 | 9,315,167 | 0.44 | 0.44 | 2.32 | 18 |
2.58 | 7,775,550 | 0.45 | 0.45 | 2.65 | 22 |
5.37 | 6,138,037 | 0.47 | 0.47 | 3.06 | 15 |
3.56 | 4,782,475 | 0.48 | 0.48 | 3.11 | 18 |
(1.22) | 4,485,912 | 0.49* | 0.49* | 2.91* | 24 |
4.91 | 3,979,824 | 0.49 | 0.49 | 3.02 | 18 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(c) | The Fund has a contractual fee waiver/expense reimbursement agreement with the Adviser, but did not receive a fee waiver/expense reimbursement during the periods presented herein. See Note 7 - Management Fees and Other Transactions with Affiliates for more information. |
(d) | The expense ratios reflect, among other things, the interest expense and fees paid on borrowings, as described in Note 9 – Borrowing Arrangements. |
(e) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
(f) | For the eleven months ended March 31, 2017. |
* | Annualized. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | |||||||||
Class (Commencement Date) | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | Net Investment Income | From Accumulated Net Realized Gains | Return of Capital | Total | Ending NAV | |
Class A (10/ 87) | ||||||||||
March 31, 2021 | $11.02 | $0.15 | $ 0.35 | $ 0.50 | $(0.19) | $ — | $(0.01) | $(0.20) | $11.32 | |
March 31, 2020 | 11.08 | 0.22 | (0.06) | 0.16 | (0.22) | — | — | (0.22) | 11.02 | |
March 31, 2019 | 10.83 | 0.23 | 0.23 | 0.46 | (0.21) | — | — | (0.21) | 11.08 | |
March 31, 2018 | 10.88 | 0.21 | (0.06) | 0.15 | (0.20) | — | — | (0.20) | 10.83 | |
March 31, 2017(f) | 11.17 | 0.17 | (0.28) | (0.11) | (0.18) | — | — | (0.18) | 10.88 | |
April 30, 2016 | 11.10 | 0.20 | 0.08 | 0.28 | (0.21) | — | — | (0.21) | 11.17 | |
Class C (02/ 14) | ||||||||||
March 31, 2021 | 10.98 | 0.06 | 0.34 | 0.40 | (0.10) | — | (0.01) | (0.11) | 11.27 | |
March 31, 2020 | 11.04 | 0.13 | (0.06) | 0.07 | (0.13) | — | — | (0.13) | 10.98 | |
March 31, 2019 | 10.78 | 0.14 | 0.24 | 0.38 | (0.12) | — | — | (0.12) | 11.04 | |
March 31, 2018 | 10.83 | 0.12 | (0.06) | 0.06 | (0.11) | — | — | (0.11) | 10.78 | |
March 31, 2017(f) | 11.12 | 0.09 | (0.28) | (0.19) | (0.10) | — | — | (0.10) | 10.83 | |
April 30, 2016 | 11.06 | 0.12 | 0.07 | 0.19 | (0.13) | — | — | (0.13) | 11.12 | |
Class C2 (12/ 95) | ||||||||||
March 31, 2021 | 11.00 | 0.12 | 0.34 | 0.46 | (0.15) | — | (0.01) | (0.16) | 11.30 | |
March 31, 2020 | 11.06 | 0.18 | (0.06) | 0.12 | (0.18) | — | — | (0.18) | 11.00 | |
March 31, 2019 | 10.80 | 0.19 | 0.24 | 0.43 | (0.17) | — | — | (0.17) | 11.06 | |
March 31, 2018 | 10.85 | 0.17 | (0.06) | 0.11 | (0.16) | — | — | (0.16) | 10.80 | |
March 31, 2017(f) | 11.13 | 0.14 | (0.28) | (0.14) | (0.14) | — | — | (0.14) | 10.85 | |
April 30, 2016 | 11.06 | 0.17 | 0.06 | 0.23 | (0.16) | — | — | (0.16) | 11.13 | |
Class I (02/ 97) | ||||||||||
March 31, 2021 | 10.98 | 0.17 | 0.35 | 0.52 | (0.21) | — | (0.01) | (0.22) | 11.28 | |
March 31, 2020 | 11.04 | 0.24 | (0.06) | 0.18 | (0.24) | — | — | (0.24) | 10.98 | |
March 31, 2019 | 10.79 | 0.25 | 0.23 | 0.48 | (0.23) | — | — | (0.23) | 11.04 | |
March 31, 2018 | 10.83 | 0.23 | (0.05) | 0.18 | (0.22) | — | — | (0.22) | 10.79 | |
March 31, 2017(f) | 11.12 | 0.19 | (0.28) | (0.09) | (0.20) | — | — | (0.20) | 10.83 | |
April 30, 2016 | 11.05 | 0.23 | 0.06 | 0.29 | (0.22) | — | — | (0.22) | 11.12 |
Ratios/Supplemental Data | |||||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(c) | ||||||||
Total Return(b) | Ending Net Assets (000) | Expenses Including Interest(d) | Expenses Excluding Interest | Net Investment Income (Loss) | Expenses Including Interest(d) | Expenses Excluding Interest | Net Investment Income (Loss) | Portfolio Turnover Rate(e) | |
4.55% | $1,597,780 | 0.61% | 0.61% | 1.31% | 0.61% | 0.61% | 1.31% | 18% | |
1.43 | 1,236,659 | 0.62 | 0.61 | 1.97 | 0.62 | 0.61 | 1.97 | 22 | |
4.27 | 1,015,540 | 0.63 | 0.63 | 2.07 | 0.63 | 0.63 | 2.07 | 27 | |
1.36 | 998,226 | 0.62 | 0.62 | 1.92 | 0.62 | 0.62 | 1.92 | 21 | |
(0.99) | 1,094,434 | 0.63* | 0.63* | 1.72* | 0.63* | 0.63* | 1.72* | 26 | |
2.50 | 1,208,642 | 0.63 | 0.63 | 1.84 | 0.63 | 0.63 | 1.84 | 20 | |
3.64 | 88,543 | 1.41 | 1.41 | 0.53 | 1.41 | 1.41 | 0.53 | 18 | |
0.62 | 88,648 | 1.42 | 1.41 | 1.17 | 1.42 | 1.41 | 1.17 | 22 | |
3.52 | 83,991 | 1.43 | 1.43 | 1.27 | 1.43 | 1.43 | 1.27 | 27 | |
0.53 | 93,327 | 1.42 | 1.42 | 1.12 | 1.42 | 1.42 | 1.12 | 21 | |
(1.74) | 112,035 | 1.43* | 1.43* | 0.92* | 1.43* | 1.43* | 0.92* | 26 | |
1.71 | 90,330 | 1.43 | 1.43 | 1.04 | 1.36 | 1.36 | 1.11 | 20 | |
4.17 | 13,320 | 0.96 | 0.96 | 1.03 | 0.96 | 0.96 | 1.03 | 18 | |
1.05 | 106,385 | 0.97 | 0.96 | 1.62 | 0.97 | 0.96 | 1.62 | 22 | |
3.97 | 192,174 | 0.98 | 0.98 | 1.71 | 0.98 | 0.98 | 1.71 | 27 | |
0.97 | 292,436 | 0.97 | 0.97 | 1.57 | 0.97 | 0.97 | 1.57 | 21 | |
(1.25) | 383,282 | 0.98* | 0.98* | 1.37* | 0.98* | 0.98* | 1.37* | 26 | |
2.12 | 461,558 | 0.98 | 0.98 | 1.50 | 0.98 | 0.98 | 1.50 | 20 | |
4.76 | 6,172,134 | 0.41 | 0.41 | 1.51 | 0.41 | 0.41 | 1.51 | 18 | |
1.63 | 4,447,770 | 0.42 | 0.41 | 2.17 | 0.42 | 0.41 | 2.17 | 22 | |
4.46 | 4,014,613 | 0.43 | 0.43 | 2.27 | 0.43 | 0.43 | 2.27 | 27 | |
1.62 | 3,225,826 | 0.42 | 0.42 | 2.12 | 0.42 | 0.42 | 2.12 | 21 | |
(0.85) | 3,012,577 | 0.43* | 0.43* | 1.92* | 0.43* | 0.43* | 1.92* | 26 | |
2.68 | 2,744,568 | 0.43 | 0.43 | 2.04 | 0.43 | 0.43 | 2.04 | 20 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(c) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. During the fiscal year ended April 30, 2016, the Adviser agreed to waive 0.25% of the 12b-1 distribution and/or service fees for Class C Shares through August 31, 2015. After August 31, 2015, the Adviser is no longer waiving fees or reimbursing expenses for Class C Shares. |
(d) | The expense ratios reflect, among other things, the interest expense and fees paid on borrowings, as described in Note 9 – Borrowing Arrangements. |
(e) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
(f) | For the eleven months ended March 31, 2017. |
* | Annualized. |
Selected data for a share outstanding throughout each period:
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) | Beginning NAV | Net Investment Income (Loss)(a) | Net Realized/ Unrealized Gain (Loss) | Total | From Net Investment Income | From Accumulated Net Realized Gains | Total | Ending NAV | |
Class A (10/02) | |||||||||
March 31, 2021 | $10.03 | $0.11 | $ 0.18 | $ 0.29 | $(0.14) | $ — | $(0.14) | $10.18 | |
March 31, 2020 | 10.09 | 0.16 | (0.06) | 0.10 | (0.16) | — | (0.16) | 10.03 | |
March 31, 2019 | 9.98 | 0.14 | 0.10 | 0.24 | (0.13) | — | (0.13) | 10.09 | |
March 31, 2018 | 10.04 | 0.11 | (0.07) | 0.04 | (0.10) | — | (0.10) | 9.98 | |
March 31, 2017(e) | 10.12 | 0.09 | (0.08) | 0.01 | (0.09) | — | (0.09) | 10.04 | |
April 30, 2016 | 10.11 | 0.10 | —** | 0.10 | (0.09) | — | (0.09) | 10.12 | |
Class C (2/14) | |||||||||
March 31, 2021 | 10.00 | 0.03 | 0.18 | 0.21 | (0.06) | — | (0.06) | 10.15 | |
March 31, 2020 | 10.06 | 0.08 | (0.06) | 0.02 | (0.08) | — | (0.08) | 10.00 | |
March 31, 2019 | 9.96 | 0.06 | 0.09 | 0.15 | (0.05) | — | (0.05) | 10.06 | |
March 31, 2018 | 10.02 | 0.03 | (0.07) | (0.04) | (0.02) | — | (0.02) | 9.96 | |
March 31, 2017(e) | 10.11 | 0.02 | (0.09) | (0.07) | (0.02) | — | (0.02) | 10.02 | |
April 30, 2016 | 10.10 | 0.03 | 0.01 | 0.04 | (0.03) | — | (0.03) | 10.11 | |
Class C2 (8/11) | |||||||||
March 31, 2021 | 10.02 | 0.08 | 0.17 | 0.25 | (0.10) | — | (0.10) | 10.17 | |
March 31, 2020 | 10.08 | 0.12 | (0.06) | 0.06 | (0.12) | — | (0.12) | 10.02 | |
March 31, 2019 | 9.97 | 0.11 | 0.09 | 0.20 | (0.09) | — | (0.09) | 10.08 | |
March 31, 2018 | 10.03 | 0.07 | (0.06) | 0.01 | (0.07) | — | (0.07) | 9.97 | |
March 31, 2017(e) | 10.11 | 0.06 | (0.08) | (0.02) | (0.06) | — | (0.06) | 10.03 | |
April 30, 2016 | 10.10 | 0.06 | 0.01 | 0.07 | (0.06) | — | (0.06) | 10.11 | |
Class I (10/02) | |||||||||
March 31, 2021 | 10.04 | 0.13 | 0.18 | 0.31 | (0.16) | — | (0.16) | 10.19 | |
March 31, 2020 | 10.10 | 0.18 | (0.06) | 0.12 | (0.18) | — | (0.18) | 10.04 | |
March 31, 2019 | 9.99 | 0.16 | 0.10 | 0.26 | (0.15) | — | (0.15) | 10.10 | |
March 31, 2018 | 10.04 | 0.13 | (0.06) | 0.07 | (0.12) | — | (0.12) | 9.99 | |
March 31, 2017(e) | 10.13 | 0.11 | (0.10) | 0.01 | (0.10) | — | (0.10) | 10.04 | |
April 30, 2016 | 10.11 | 0.12 | 0.01 | 0.13 | (0.11) | — | (0.11) | 10.13 |
Ratios/Supplemental Data | |||||||
Ratios to Average Net Assets Before Waiver/Reimbursement | Ratios to Average Net Assets After Waiver/Reimbursement(c) | ||||||
Total Return(b) | Ending Net Assets (000) | Expenses | Net Investment Income (Loss) | Expenses | Net Investment Income (Loss) | Portfolio Turnover Rate(d) | |
2.90% | $329,109 | 0.68% | 1.08% | 0.68% | 1.08% | 38% | |
0.96 | 259,148 | 0.69 | 1.57 | 0.69 | 1.57 | 37 | |
2.42 | 156,526 | 0.72 | 1.44 | 0.72 | 1.44 | 45 | |
0.41 | 168,828 | 0.72 | 1.09 | 0.72 | 1.09 | 28 | |
0.08 | 187,573 | 0.71* | 0.97* | 0.71* | 0.97* | 44 | |
1.01 | 174,484 | 0.71 | 0.97 | 0.71 | 0.97 | 24 | |
2.08 | 16,519 | 1.48 | 0.29 | 1.48 | 0.29 | 38 | |
0.16 | 17,781 | 1.49 | 0.77 | 1.49 | 0.77 | 37 | |
1.53 | 6,879 | 1.52 | 0.64 | 1.52 | 0.64 | 45 | |
(0.37) | 8,193 | 1.52 | 0.29 | 1.52 | 0.29 | 28 | |
(0.73) | 10,069 | 1.51* | 0.17* | 1.51* | 0.17* | 44 | |
0.41 | 6,971 | 1.51 | 0.17 | 1.38 | 0.30 | 24 | |
2.54 | 2,379 | 1.03 | 0.74 | 1.03 | 0.74 | 38 | |
0.60 | 4,135 | 1.04 | 1.21 | 1.04 | 1.21 | 37 | |
2.05 | 6,147 | 1.06 | 1.07 | 1.06 | 1.07 | 45 | |
0.05 | 9,384 | 1.07 | 0.74 | 1.07 | 0.74 | 28 | |
(0.25) | 12,097 | 1.06* | 0.62* | 1.06* | 0.62* | 44 | |
0.65 | 13,325 | 1.06 | 0.62 | 1.06 | 0.62 | 24 | |
3.10 | 469,157 | 0.48 | 1.28 | 0.48 | 1.28 | 38 | |
1.16 | 440,687 | 0.49 | 1.77 | 0.49 | 1.77 | 37 | |
2.62 | 433,253 | 0.52 | 1.64 | 0.52 | 1.64 | 45 | |
0.69 | 401,052 | 0.51 | 1.29 | 0.51 | 1.29 | 28 | |
0.14 | 430,038 | 0.51* | 1.17* | 0.51* | 1.17* | 44 | |
1.29 | 454,620 | 0.51 | 1.16 | 0.51 | 1.16 | 24 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(c) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. During the fiscal year ended April 30, 2016, the Advisor agreed to waive 0.45% of the 12b-1 distribution and/or service fees for Class C Shares through August 31, 2015. After August 31, 2015, the Adviser is no longer waiving fees or reimbursing expenses for Class C Shares. |
(d) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives) divided by the average long-term market value during the period. |
(e) | For the eleven months ended March 31, 2017. |
* | Annualized. |
** | Rounds to less than $0.01 per share. |
All-American | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Municipal Bonds | $ — | $8,152,873,335 | $6,066,564** | $8,158,939,899 |
Common Stocks | — | 20,348,087*** | — | 20,348,087 |
Short-Term Investments*: | ||||
Municipal Bonds | — | 17,929,002 | — | 17,929,002 |
Total | $ — | $8,191,150,424 | $6,066,564 | $8,197,216,988 |
Intermediate Duration | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Municipal Bonds | $ — | $ 9,780,364,557 | $ — | $ 9,780,364,557 |
Common Stocks | — | 75,412,015*** | — | 75,412,015 |
Short-Term Investments*: | ||||
Municipal Bonds | — | 381,740,411 | — | 381,740,411 |
Total | $ — | $10,237,516,983 | $ — | $10,237,516,983 |
Limited Term | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Municipal Bonds | $ — | $7,397,803,318 | $ — | $7,397,803,318 |
Common Stocks | — | 79,597,109*** | — | 79,597,109 |
Short-Term Investments*: | ||||
Municipal Bonds | — | 332,384,876 | — | 332,384,876 |
Total | $ — | $7,809,785,303 | $ — | $7,809,785,303 |
Short Term | Level 1 | Level 2 | Level 3 | Total |
Long-Term Investments*: | ||||
Municipal Bonds | $ — | $753,927,646 | $ — | $753,927,646 |
Common Stocks | — | 626,724*** | — | 626,724 |
Short-Term Investments*: | ||||
Municipal Bonds | — | 44,035,095 | — | 44,035,095 |
Total | $ — | $798,589,465 | $ — | $798,589,465 |
* | Refer to the Fund's Portfolio of Investments for state and or/industry classifications, where applicable. |
** | Refer to the Fund's Portfolio of Investments for securities classified as Level 3. |
*** | Refer to the Fund's Portfolio of Investments for securities classified as Level 2. |
Floating Rate Obligations Outstanding | All-American | Intermediate Duration | Limited Term | Short Term |
Floating rate obligations: self-deposited Inverse Floaters | $422,375,000 | $ — | $ — | $ — |
Floating rate obligations: externally-deposited Inverse Floaters | 7,500,000 | 12,490,000 | — | — |
Total | $429,875,000 | $12,490,000 | $ — | $ — |
Self-Deposited Inverse Floaters | All-American | Intermediate Duration | Limited Term | Short Term |
Average floating rate obligations outstanding | $239,542,151 | $ — | $ — | $ — |
Average annual interest rate and fees | 0.70% | —% | —% | —% |
Floating Rate Obligations - Recourse Trusts | All-American | Intermediate Duration | Limited Term | Short Term |
Maximum exposure to Recourse Trusts: self-deposited Inverse Floaters | $422,375,000 | $ — | $ — | $ — |
Maximum exposure to Recourse Trusts: externally-deposited Inverse Floaters | 7,500,000 | 12,490,000 | — | — |
Total | $429,875,000 | $12,490,000 | $ — | $ — |
All-American | Intermediate Duration | Limited Term | Short Term | |
Purchases | $3,303,289,263 | $2,704,438,667 | $2,914,538,302 | $351,263,067 |
Sales and maturities | 1,322,121,957 | 1,661,283,923 | 1,234,646,825 | 277,556,593 |
All-American | |
Average notional amount of futures contracts outstanding* | $17,821,038 |
* | The average notional amount is calculated based on the absolute aggregate notional amount of contracts outstanding at the beginning of the current fiscal period and at the the end of each fiscal quarter within the current fiscal period. |
Fund | Underlying Risk Exposure | Derivative Instrument | Net Realized Gain (Loss) from Futures Contracts | Change in Net Unrealized Appreciation (Depreciation) of Futures Contracts |
All-American | Interest rate | Futures contracts | $(1,335,976) | $1,353,022 |
Year Ended 3/31/21 | Year Ended 3/31/20 | ||||
All-American | Shares | Amount | Shares | Amount | |
Shares issued in the Reorganization(1): | |||||
Class A | 19,156,801 | $ 233,188,419 | — | $ — | |
Class C | 1,274,834 | 15,515,776 | — | — | |
Class C2 | 802,614 | 9,776,220 | — | — | |
Class R6 | — | — | — | — | |
Class I | 8,366,710 | 102,294,402 | — | — | |
Shares sold: | |||||
Class A | 80,857,717 | 962,165,430 | 93,051,950 | 1,103,470,230 | |
Class A – automatic conversion of Class C Shares | 1,251 | 15,083 | 7,739 | 91,680 | |
Class A – automatic conversion of Class C2 Shares | 51,474 | 553,514 | 32,396 | 390,340 | |
Class C | 6,255,688 | 74,146,100 | 7,030,334 | 83,408,450 | |
Class C2 | 101,075 | 1,163,037 | 123,826 | 1,475,137 | |
Class R6 | 6,843,048 | 81,553,997 | 3,397,004 | 40,545,354 | |
Class I | 149,187,998 | 1,776,409,874 | 118,371,609 | 1,410,754,267 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 5,962,370 | 70,900,096 | 4,757,837 | 56,618,097 | |
Class C | 435,678 | 5,176,284 | 397,214 | 4,723,135 | |
Class C2 | 126,220 | 1,495,069 | 215,060 | 2,556,794 | |
Class R6 | 179,326 | 2,148,951 | 77,813 | 931,330 | |
Class I | 6,737,075 | 80,493,762 | 5,371,588 | 64,188,518 | |
286,339,879 | 3,416,996,014 | 232,834,370 | 2,769,153,332 | ||
Shares redeemed: | |||||
Class A | (41,478,513) | (492,570,402) | (35,539,224) | (415,210,763) | |
Class C | (4,979,389) | (59,143,807) | (2,957,217) | (34,872,286) | |
Class C – automatic conversion to Class A Shares | (1,251) | (15,083) | (7,743) | (91,680) | |
Class C2 | (8,040,319) | (96,290,818) | (4,340,296) | (51,788,782) | |
Class C2 – automatic conversion to Class A Shares | (51,445) | (553,514) | (32,394) | (390,340) | |
Class R6 | (1,212,137) | (14,402,426) | (947,501) | (11,256,058) | |
Class I | (68,735,963) | (818,401,393) | (52,892,750) | (619,237,075) | |
(124,499,017) | (1,481,377,443) | (96,717,125) | (1,132,846,984) | ||
Net increase (decrease) | 161,840,862 | $ 1,935,618,571 | 136,117,245 | $ 1,636,306,348 |
(1) | Refer to Note 1 – General Information and Note 10 – Fund Reorganization for further details. |
Year Ended 3/31/21 | Year Ended 3/31/20 | ||||
Intermediate Duration | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 35,164,259 | $ 334,214,277 | 31,399,817 | $ 296,537,133 | |
Class A – automatic conversion of Class C2 Shares | 9,288 | 88,875 | 1,704 | 15,817 | |
Class C | 1,834,474 | 17,416,988 | 2,139,638 | 20,197,769 | |
Class C2 | 26,844 | 248,467 | 39,071 | 368,981 | |
Class I | 391,905,516 | 3,736,481,413 | 360,105,751 | 3,407,652,238 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 1,853,124 | 17,600,656 | 1,671,740 | 15,823,186 | |
Class C | 87,295 | 829,012 | 88,218 | 834,720 | |
Class C2 | 29,643 | 281,149 | 59,608 | 564,063 | |
Class I | 13,106,058 | 124,842,614 | 12,963,096 | 123,066,010 | |
444,016,501 | 4,232,003,451 | 408,468,643 | 3,865,059,917 | ||
Shares redeemed: | |||||
Class A | (18,847,871) | (178,179,006) | (15,092,634) | (141,533,389) | |
Class C | (1,439,241) | (13,705,337) | (1,045,275) | (9,817,320) | |
Class C2 | (2,529,545) | (24,100,139) | (1,802,224) | (17,071,895) | |
Class C2 – automatic conversion to Class A Shares | (9,279) | (88,875) | (1,702) | (15,817) | |
Class I | (271,273,353) | (2,581,188,649) | (195,227,236) | (1,819,086,580) | |
(294,099,289) | (2,797,262,006) | (213,169,071) | (1,987,525,001) | ||
Net increase (decrease) | 149,917,212 | $ 1,434,741,445 | 195,299,572 | $ 1,877,534,916 |
Year Ended 3/31/21 | Year Ended 3/31/20 | ||||
Limited Term | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 55,768,308 | $ 629,547,049 | 45,297,320 | $ 507,256,277 | |
Class A – automatic conversion of Class C2 Shares | 14,017 | 156,753 | 31,931 | 358,076 | |
Class C | 2,147,651 | 24,113,490 | 2,033,862 | 22,558,019 | |
Class C2 | 76,506 | 853,769 | 100,240 | 1,117,155 | |
Class I | 266,161,183 | 2,996,185,534 | 166,826,663 | 1,858,924,731 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 1,886,015 | 21,274,142 | 1,680,938 | 18,848,405 | |
Class C | 67,316 | 755,877 | 73,944 | 825,893 | |
Class C2 | 74,163 | 833,440 | 162,282 | 1,814,892 | |
Class I | 6,272,038 | 70,528,164 | 5,216,897 | 58,295,022 | |
332,467,197 | 3,744,248,218 | 221,424,077 | 2,469,998,470 | ||
Shares redeemed: | |||||
Class A | (28,738,940) | (324,032,936) | (26,398,220) | (293,316,371) | |
Class C | (2,438,142) | (27,402,645) | (1,638,477) | (18,203,283) | |
Class C2 | (8,633,539) | (97,243,821) | (7,935,268) | (88,839,237) | |
Class C2 – automatic conversion to Class A Shares | (14,047) | (156,753) | (32,002) | (358,076) | |
Class I | (130,316,209) | (1,463,341,742) | (130,418,677) | (1,444,981,413) | |
(170,140,877) | (1,912,177,897) | (166,422,644) | (1,845,698,380) | ||
Net increase (decrease) | 162,326,320 | $ 1,832,070,321 | 55,001,433 | $ 624,300,090 |
Year Ended 3/31/21 | Year Ended 3/31/20 | ||||
Short Term | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 18,840,097 | $ 191,469,723 | 20,066,830 | $ 201,819,219 | |
Class A – automatic conversion of Class C Shares | 95 | 966 | 3,236 | 32,658 | |
Class A – automatic conversion of Class C2 Shares | — | — | 36,952 | 376,037 | |
Class C | 727,083 | 7,341,666 | 1,756,551 | 17,589,911 | |
Class C2 | 10,401 | 106,200 | 79,278 | 795,909 | |
Class I | 23,436,658 | 238,702,073 | 16,959,155 | 171,858,383 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 345,306 | 3,512,754 | 216,511 | 2,197,913 | |
Class C | 9,008 | 91,319 | 5,004 | 50,642 | |
Class C2 | 3,672 | 37,307 | 5,121 | 51,943 | |
Class I | 413,626 | 4,211,935 | 434,057 | 4,412,746 | |
43,785,946 | 445,473,943 | 39,562,695 | 399,185,361 | ||
Shares redeemed: | |||||
Class A | (12,689,372) | (128,787,234) | (9,998,642) | (100,766,690) | |
Class C | (886,343) | (8,994,213) | (664,054) | (6,642,755) | |
Class C – automatic conversion to Class A Shares | (95) | (966) | (3,246) | (32,658) | |
Class C2 | (192,804) | (1,961,543) | (244,643) | (2,480,121) | |
Class C2 – automatic conversion to Class A Shares | — | — | (36,988) | (376,037) | |
Class I | (21,700,953) | (220,845,029) | (16,404,982) | (166,256,055) | |
(35,469,567) | (360,588,985) | (27,352,555) | (276,554,316) | ||
Net increase (decrease) | 8,316,379 | $ 84,884,958 | 12,210,140 | $ 122,631,045 |
All-American | Intermediate Duration | Limited Term | Short Term | |
Tax cost of investments | $7,238,715,169 | $9,737,883,009 | $7,572,557,211 | $785,453,236 |
Gross unrealized: | ||||
Appreciation | $ 564,027,568 | $ 528,952,389 | $ 248,058,571 | $ 13,844,466 |
Depreciation | (27,899,157) | (29,318,415) | (10,830,479) | (708,237) |
Net unrealized appreciation (depreciation) of investments | $ 536,128,411 | $ 499,633,974 | $ 237,228,092 | $ 13,136,229 |
All-American | Intermediate Duration | Limited Term | Short Term | |
Undistributed net tax-exempt income1 | $4,286,656 | $6,131,535 | $ — | $727,271 |
Undistributed net ordinary income2 | 8,724 | 361,014 | — | 4,265 |
Undistributed net long-term capital gains | — | — | — | — |
1 | Undistributed net tax-exempt income (on a tax basis) has not been reduced for the dividends declared during the period March 1, 2021 through March 31, 2021, and paid on April 1, 2021. |
2 | Net ordinary income consists of taxable market discount income and net short-term capital gains, if any. |
2021 | All-American | Intermediate Duration | Limited Term | Short Term |
Distributions from net tax-exempt income3 | $208,157,487 | $228,713,922 | $120,299,298 | $11,261,554 |
Distributions from net ordinary income2 | 2,175,775 | 3,747,666 | 1,751,253 | 1,337 |
Distributions from net long-term capital gains | — | — | — | — |
Return of capital | — | — | 8,564,240 | — |
2020 | All-American | Intermediate Duration | Limited Term | Short Term |
Distributions from net tax-exempt income | $170,497,058 | $224,201,350 | $118,049,885 | $10,112,611 |
Distributions from net ordinary income2 | 490,785 | 977,584 | 146,722 | 3,225 |
Distributions from net long-term capital gains | — | — | — | — |
Return of capital | — | — | — | — |
2 | Net ordinary income consists of taxable market discount income and net short-term capital gains, if any. |
3 | The Funds hereby designate these amounts paid during the fiscal year ended March 31, 2021, as Exempt Interest Dividends. |
All-American 4 | Intermediate Duration | Limited Term | Short Term | |
Not subject to expiration: | ||||
Short-term | $102,817,784 | $27,437,567 | $15,618,089 | $ 236,159 |
Long-term | 18,303,419 | — | 15,649,886 | 1,034,201 |
Total | $121,121,203 | $27,437,567 | $31,267,975 | $1,270,360 |
4 | A portion of All-American's capital loss carryforward is subject to an annual limitation under the Internal Revenue Code and related regulations. |
Average Daily Net Assets | All- American | Intermediate Duration | Limited Term | Short Term |
For the first $125 million | 0.3000% | 0.3000% | 0.2500% | 0.2500% |
For the next $125 million | 0.2875 | 0.2875 | 0.2375 | 0.2375 |
For the next $250 million | 0.2750 | 0.2750 | 0.2250 | 0.2250 |
For the next $500 million | 0.2625 | 0.2625 | 0.2125 | 0.2125 |
For the next $1 billion | 0.2500 | 0.2500 | 0.2000 | 0.2000 |
For the next $3 billion | 0.2250 | 0.2250 | 0.1750 | 0.1750 |
For the next $5 billion | 0.2000 | 0.2000 | 0.1500 | 0.1500 |
For net assets of $10 billion and greater | 0.1875 | 0.1875 | 0.1375 | 0.1375 |
Complex-Level Eligible Asset Breakpoint Level* | Effective Complex-Level Fee Rate at Breakpoint Level |
$55 billion | 0.2000% |
$56 billion | 0.1996 |
$57 billion | 0.1989 |
$60 billion | 0.1961 |
$63 billion | 0.1931 |
$66 billion | 0.1900 |
$71 billion | 0.1851 |
$76 billion | 0.1806 |
$80 billion | 0.1773 |
$91 billion | 0.1691 |
$125 billion | 0.1599 |
$200 billion | 0.1505 |
$250 billion | 0.1469 |
$300 billion | 0.1445 |
Fund | Complex-Level Fee |
All-American | 0.1578% |
Intermediate Duration | 0.1584% |
Limited Term | 0.1555% |
Short Term | 0.1710% |
Fund | Temporary Expense Cap | Temporary Expense Cap Expiration Date | Permanent Expense Cap |
Intermediate Duration | N/A | N/A | 0.75% |
Cross-Trades | All-American | Intermediate Duration | Limited Term | Short Term |
Purchases | $83,228,660 | $ 70,200,700 | $116,258,844 | $22,600,000 |
Sales | 39,001,932 | 155,045,000 | 23,400,000 | 32,955,037 |
Realized gain (loss) | (390,296) | — | — | — |
All-American | Intermediate Duration | Limited Term | Short Term | |
Sales charges collected (Unaudited) | $6,836,649 | $2,220,579 | $2,430,836 | $635,586 |
Paid to financial intermediaries (Unaudited) | 6,665,015 | 2,174,598 | 2,376,637 | 625,596 |
All-American | Intermediate Duration | Limited Term | Short Term | |
Commission advances (Unaudited) | $6,177,402 | $2,135,469 | $2,313,693 | $598,378 |
All-American | Intermediate Duration | Limited Term | Short Term | |
12b-1 fees retained (Unaudited) | $663,392 | $141,767 | $169,001 | $36,362 |
All-American | Intermediate Duration | Limited Term | Short Term | |
CDSC retained (Unaudited) | $584,498 | $235,664 | $263,687 | $55,145 |
All- American | Intermediate Duration | Limited Term | |
Maximum outstanding balance | $41,500,000 | $117,800,000 | $21,800,000 |
All- American | Intermediate Duration | Limited Term | |
Utilization period (days outstanding) | 58 | 10 | 8 |
Average daily balance outstanding | $17,427,586 | $80,120,000 | $10,325,000 |
Average annual interest rate | 1.38% | 1.71% | 1.89% |
Nuveen Tennessee Municipal Bond Fund | |
Cost of Investments | $360,542,138 |
Fair value of Investments | 385,012,380 |
Net unrealized appreciation (depreciation) of Investments | 24,470,242 |
Target Fund - Prior to the Reorganization | Shares Outstanding | Net Assets | NAV per Share |
Nuveen Tennessee Municipal Bond Fund | |||
Class A | 19,642,514 | $233,188,419 | $11.87 |
Class C | 1,309,998 | 15,515,776 | 11.84 |
Class C2 | 824,067 | 9,776,220 | 11.86 |
Class I | 8,633,487 | 102,294,402 | 11.85 |
Acquiring Fund - Prior to the Reorganization | Shares Outstanding | Net Assets | NAV per Share |
All-American | |||
Class A | 231,755,512 | $2,821,069,289 | $12.17 |
Class C | 22,853,053 | 278,139,291 | 12.17 |
Class C2 | 4,498,121 | 54,789,258 | 12.18 |
Class R6 | 8,215,159 | 100,541,584 | 12.24 |
Class I | 327,297,044 | 4,001,669,333 | 12.23 |
Acquiring Fund - After the Reorganization | Shares Outstanding | Net Assets | NAV per Share |
All-American | |||
Class A | 250,912,313 | $3,054,257,708 | $12.17 |
Class C | 24,127,887 | 293,655,067 | 12.17 |
Class C2 | 5,300,735 | 64,565,478 | 12.18 |
Class R6 | 8,215,159 | 100,541,584 | 12.24 |
Class I | 335,663,753 | 4,103,963,735 | 12.23 |
Acquiring Fund - Pro Forma Results from Operations | All-American |
Net investment income (loss) | $212,564,910 |
Net realized and unrealized gains (losses) | 336,804,486 |
Change in net assets resuliting from operations | 549,369,396 |
• | Fund Improvements and Product Management Initiatives – continuing to proactively manage the Nuveen fund complex as a whole and at the individual fund level with an aim to enhance the shareholder outcomes through, among other things, rationalizing the product line and gaining efficiencies through mergers, repositionings and liquidations; launching new share classes; reviewing and updating investment policies and benchmarks; closing funds to new investments; rebranding the exchange-traded fund (“ETF”) product line; and integrating certain investment teams and changing the portfolio managers serving various funds; |
• | Capital Initiatives – continuing to invest capital to support new Nuveen funds with initial capital as well as to facilitate modifications to the strategies or structure of existing funds; |
• | Liquidity Management – implementing the liquidity risk management program which was designed to assess and manage the liquidity risk of the Nuveen funds. The Board noted that this program was particularly helpful in addressing the high volatility and liquidity challenges that arose in the market, particularly for the high yield municipal sector, during the first half of 2020; |
• | Compliance Program Initiatives – continuing efforts to mitigate compliance risk, increase operating efficiencies, strengthen key compliance program elements and support international business growth and other objectives through, among other things, integrating various investment teams across affiliates, consolidating marketing review functions, enhancing compliance related technologies and establishing and maintaining shared broad-based compliance policies throughout the organization and its affiliates; |
• | Risk Management and Valuation Services – continuing efforts to provide Nuveen with a more disciplined and consistent approach to identifying and mitigating the firm’s operational risks through, among other things, enhancing the interaction and reporting between the investment risk management team and various affiliates and adopting a risk operational framework across the complex; |
• | Regulatory Matters – continuing efforts to monitor regulatory trends and advocate on behalf of the Nuveen funds, to implement and comply with new or revised rules and mandates and to respond to regulatory inquiries and exams; |
• | Government Relations – continuing efforts of various Nuveen teams and affiliates to develop policy positions on a broad range of issues that may impact the Nuveen funds, advocate and communicate these positions to lawmakers and other regulatory authorities and work with trade associations to ensure these positions are represented; |
• | Business Continuity, Disaster Recovery and Information Services – continuing to periodically test business continuity and disaster recovery plans, maintain an information security program designed to identify and manage information security risks, and provide reports to the Board, at least annually, addressing, among other things, management’s security risk assessment, cyber risk profile, potential impact of new or revised laws and regulations, incident tracking and other relevant information technology risk-related reports; and |
• | Expanded Dividend Management Services – continuing to manage the dividends among the varying types of Nuveen funds within the Nuveen complex to be consistent with the respective fund’s product design and investing resources to develop systems to assist in the process for newer products such as target term funds and ETFs. |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (1) | Principal Occupation(s) Including other Directorships During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee |
Independent Trustees: | ||||
Terence J. Toth 1959 333 W. Wacker Drive Chicago, IL 60606 | Chair and Trustee | 2008 | Formerly, a Co-Founding Partner, Promus Capital (investment advisory firm) (2008-2017); Director, Quality Control Corporation (manufacturing) (since 2012); member: Catalyst Schools of Chicago Board (since 2008) and Mather Foundation Board (philanthropy) (since 2012), and chair of its investment committee; formerly, Director, Fulcrum IT Services LLC (information technology services firm to government entities) (2010-2019); formerly, Director, LogicMark LLC (health services) (2012-2016); formerly, Director, Legal & General Investment Management America, Inc. (asset management) (2008-2013); formerly, CEO and President, Northern Trust Global Investments (financial services) (2004-2007); Executive Vice President, Quantitative Management & Securities Lending (2000-2004); prior thereto, various positions with Northern Trust Company (financial services) (since 1994); formerly, Member, Northern Trust Mutual Funds Board (2005-2007), Northern Trust Global Investments Board (2004-2007), Northern Trust Japan Board (2004-2007), Northern Trust Securities Inc. Board (2003- 2007) and Northern Trust Hong Kong Board (1997-2004). | 143 |
Jack B. Evans 1948 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 1999 | Chairman (since 2019), formerly, President (1996-2019), The Hall-Perrine Foundation, (private philanthropic corporation); Director and Chairman (since 2009), United Fire Group, a publicly held company; formerly, Director, Public member, American Board of Orthopaedic Surgery (2015-2020); Life Trustee of Coe College and the Iowa College Foundation; formerly, Member and President Pro-Tem of the Board of Regents for the State of Iowa University System (2000-2004); formerly, Director (2000-2004), Alliant Energy; formerly, Director (1996-2015), The Gazette Company (media and publishing); formerly, Director, (1998-2003) Federal Reserve Bank of Chicago; formerly, President and Chief Operating Officer (1972-1995), SCI Financial Group, Inc., (regional financial services firm). | 143 |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (1) | Principal Occupation(s) Including other Directorships During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee |
William C. Hunter 1948 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2003 | Dean Emeritus, formerly, Dean, Tippie College of Business, University of Iowa (2006-2012); Director of Wellmark, Inc. (since 2009); past Director (2005-2015), and past President (2010- 2014) Beta Gamma Sigma, Inc., The International Business Honor Society; formerly, Director (2004-2018) of Xerox Corporation; formerly, Dean and Distinguished Professor of Finance, School of Business at the University of Connecticut (2003-2006); previously, Senior Vice President and Director of Research at the Federal Reserve Bank of Chicago (1995-2003); formerly, Director (1997-2007), Credit Research Center at Georgetown University. | 143 |
Albin F. Moschner 1952 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2016 | Founder and Chief Executive Officer, Northcroft Partners, LLC, (management consulting) (since 2012); formerly, Chairman (2019), and Director (2012-2019), USA Technologies, Inc., (provider of solutions and services to facilitate electronic payment transactions); formerly, Director, Wintrust Financial Corporation (1996-2016); previously, held positions at Leap Wireless International, Inc. (consumer wireless services), including Consultant (2011-2012), Chief Operating Officer (2008-2011), and Chief Marketing Officer (2004-2008); formerly, President, Verizon Card Services division of Verizon Communications, Inc. (2000-2003); formerly, President, One Point Services at One Point Communications (telecommunication services) (1999-2000); formerly, Vice Chairman of the Board, Diba, Incorporated (internet technology provider) (1996-1997); formerly, various executive positions (1991-1996) including Chief Executive Officer (1995-1996) of Zenith Electronics Corporation (consumer electronics). | 143 |
John K. Nelson 1962 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2013 | Member of Board of Directors of Core12 LLC. (private firm which develops branding, marketing and communications strategies for clients) (since 2008); served The President's Council of Fordham University (2010-2019) and previously a Director of the Curran Center for Catholic American Studies (2009-2018); formerly, senior external advisor to the Financial Services practice of Deloitte Consulting LLP. (2012-2014); former Chair of the Board of Trustees of Marian University (2010-2014 as trustee, 2011-2014 as Chair); formerly Chief Executive Officer of ABN AMRO Bank N.V., North America, and Global Head of the Financial Markets Division (2007-2008), with various executive leadership roles in ABN AMRO Bank N.V. between 1996 and 2007. | 143 |
Judith M. Stockdale 1947 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 1997 | Board Member, Land Trust Alliance (national public charity addressing natural land and water conservation in the U.S.) (since 2013); formerly, Board Member, U.S. Endowment for Forestry and Communities (national endowment addressing forest health, sustainable forest production and markets, and economic health of forest-reliant communities in the U.S.) (2013-2019); formerly, Executive Director (1994-2012), Gaylord and Dorothy Donnelley Foundation (private foundation endowed to support both natural land conservation and artistic vitality); prior thereto, Executive Director, Great Lakes Protection Fund (endowment created jointly by seven of the eight Great Lakes states' Governors to take a regional approach to improving the health of the Great Lakes) (1990-1994). | 143 |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed (1) | Principal Occupation(s) Including other Directorships During Past 5 Years | Number of Portfolios in Fund Complex Overseen by Trustee |
Carole E. Stone 1947 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2007 | Former Director, Chicago Board Options Exchange (2006-2017), and C2 Options Exchange, Incorporated (2009-2017); formerly, Director, Cboe Global Markets, Inc., (2010-2020) (formerly named CBOE Holdings, Inc.); formerly, Commissioner, New York State Commission on Public Authority Reform (2005-2010). | 143 |
Matthew Thornton III 1958 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2020 | Formerly, Executive Vice President and Chief Operating Officer (2018-2019), FedEx Freight Corporation, a subsidiary of FedEx Corporation ("FedEx") (provider of transportation, e-commerce and business services through its portfolio of companies); formerly, Senior Vice President, U.S. Operations (2006-2018), Federal Express Corporation, a subsidiary of FedEx; formerly Member of the Board of Directors (2012-2018), Safe Kids Worldwide® (a non-profit organization dedicated to preventing childhood injuries). Member of the Board of Directors (since 2014), The Sherwin-Williams Company (develops, manufactures, distributes and sells paints, coatings and related products); Director (since 2020), Crown Castle International (provider of communications infrastructure). | 143 |
Margaret L. Wolff 1955 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2016 | Formerly, member of the Board of Directors (2013-2017) of Travelers Insurance Company of Canada and The Dominion of Canada General Insurance Company (each, a part of Travelers Canada, the Canadian operation of The Travelers Companies, Inc.); formerly, Of Counsel, Skadden, Arps, Slate, Meagher & Flom LLP (legal services, Mergers & Acquisitions Group) (2005-2014); Member of the Board of Trustees of New York-Presbyterian Hospital (since 2005); Member (since 2004) and Chair (since 2015) of the Board of Trustees of The John A. Hartford Foundation (a philanthropy dedicated to improving the care of older adults); formerly, Member (2005-2015) and Vice Chair (2011-2015) of the Board of Trustees of Mt. Holyoke College. | 143 |
Robert L. Young 1963 333 W. Wacker Drive Chicago, IL 60606 | Trustee | 2017 | Formerly, Chief Operating Officer and Director, J.P. Morgan Investment Management Inc. (financial services) (2010-2016); formerly, President and Principal Executive Officer (2013-2016), and Senior Vice President and Chief Operating Officer (2005-2010), of J.P. Morgan Funds; formerly, Director and various officer positions for J.P. Morgan Investment Management Inc. (formerly, JPMorgan Funds Management, Inc. and formerly, One Group Administrative Services) and JPMorgan Distribution Services, Inc. (financial services) (formerly, One Group Dealer Services, Inc.) (1999-2017). | 143 |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed(2) | Principal Occupation(s) During Past 5 Years | |
Officers of the Funds: | ||||
Christopher E. Stickrod 1976 333 W. Wacker Drive Chicago, IL 60606 | Chief Administrative Officer | 2020 | Senior Managing Director (since 2017) and Head of Advisory Product (since 2020), formerly, Managing Director (2016-2017) and Senior Vice President (2013-2016) of Nuveen, LLC; Senior Managing Director of Nuveen Securities, LLC (since 2018) and of Nuveen Fund Advisors, LLC (since 2019). | |
Mark J. Czarniecki 1979 901 Marquette Avenue Minneapolis, MN 55402 | Vice President and Secretary | 2013 | Vice President and Assistant Secretary of Nuveen Securities, LLC (since 2016) and Nuveen Fund Advisors, LLC (since 2017); Vice President and Associate General Counsel of Nuveen, LLC (since 2013) and Vice President, Assistant Secretary and Associate General Counsel of Nuveen Asset Management, LLC (since 2018). |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed(2) | Principal Occupation(s) During Past 5 Years | |
Diana R. Gonzalez 1978 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Assistant Secretary | 2017 | Vice President and Assistant Secretary of Nuveen Fund Advisors, LLC (since 2017); Vice President and Associate General Counsel of Nuveen, LLC (since 2017); Associate General Counsel of Jackson National Asset Management, LLC (2012-2017). | |
Nathaniel T. Jones 1979 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Treasurer | 2016 | Managing Director (since 2017), formerly, Senior Vice President (2016-2017), formerly, Vice President (2011- 2016) of Nuveen, LLC; Managing Director (since 2015) of Nuveen Fund Advisors, LLC; Chartered Financial Analyst. | |
Tina M. Lazar 1961 333 W. Wacker Drive Chicago, IL 60606 | Vice President | 2002 | Managing Director (since 2017), formerly, Senior Vice President (2014-2017) of Nuveen Securities, LLC. | |
Brian J. Lockhart 1974 333 W. Wacker Drive Chicago, IL 60606 | Vice President | 2019 | Managing Director (since 2019) of Nuveen Fund Advisors, LLC; Managing Director (since 2017), formerly, Vice President (2010-2017) of Nuveen, LLC; Head of Investment Oversight (since 2017), formerly, Team Leader of Manager Oversight (2015-2017); Chartered Financial Analyst and Certified Financial Risk Manager. | |
Jacques M. Longerstaey 1963 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 | Vice President | 2019 | Senior Managing Director, Chief Risk Officer, Nuveen, LLC (since May 2019); Senior Managing Director (since May 2019) of Nuveen Fund Advisors, LLC; formerly, Chief Investment and Model Risk Officer, Wealth & Investment Management Division, Wells Fargo Bank (NA) (2013-2019). | |
Kevin J. McCarthy 1966 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Assistant Secretary | 2007 | Senior Managing Director (since 2017) and Secretary and General Counsel (since 2016) of Nuveen Investments, Inc., formerly, Executive Vice President (2016-2017) and Managing Director and Assistant Secretary (2008-2016); Senior Managing Director (since 2017) and Assistant Secretary (since 2008) of Nuveen Securities, LLC, formerly Executive Vice President (2016-2017) and Managing Director (2008-2016); Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Fund Advisors, LLC, formerly, Co-General Counsel (2011-2020), Executive Vice President (2016-2017), Managing Director (2008-2016) and Assistant Secretary (2007-2016); Senior Managing Director (since 2017), Secretary (since 2016) of Nuveen Asset Management, LLC, formerly, Associate General Counsel (2011-2020), Executive Vice President (2016-2017) and Managing Director and Assistant Secretary (2011-2016); Vice President (since 2007) and Secretary (since 2016), formerly, Assistant Secretary, of NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC and Winslow Capital Management, LLC (since 2010). Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Alternative Investments, LLC. | |
Jon Scott Meissner 1973 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 | Vice President and Assistant Secretary | 2019 | Managing Director of Mutual Fund Tax and Financial Reporting groups at Nuveen (since 2017); Managing Director of Nuveen Fund Advisors, LLC (since 2019); Senior Director of Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC (since 2016); Senior Director (since 2015) Mutual Fund Taxation to the TIAA-CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate Account VA-1 and the CREF Accounts; has held various positions with TIAA since 2004. | |
Deann D. Morgan 1969 730 Third Avenue New York, NY 10017 | Vice President | 2020 | President, Nuveen Fund Advisors, LLC (since 2020); Executive Vice President, Global Head of Product at Nuveen,LLC (since 2019); Co-Chief Executive Officer of Nuveen Securities, LLC (since 2020); Managing Member of MDR Collaboratory LLC (since 2018); Managing Director, Head of Wealth Management Product Structuring & COO Multi Asset Investing. The Blackstone Group (2013-2017). |
Name, Year of Birth & Address | Position(s) Held with the Funds | Year First Elected or Appointed(2) | Principal Occupation(s) During Past 5 Years | |
Christopher M. Rohrbacher 1971 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Assistant Secretary | 2008 | Managing Director and Assistant Secretary (since 2017) of Nuveen Securities, LLC; Managing Director (since 2017), General Counsel (since 2020), and Assistant Secretary (since 2016), formerly, Senior Vice President (2016-2017), of Nuveen Fund Advisors, LLC; Managing Director, Associate General Counsel and Assistant Secretary of Nuveen Asset Management, LLC (since 2020); Managing Director (since 2017) and Associate General Counsel (since 2016), formerly, Senior Vice President (2012-2017) and Assistant General Counsel (2008-2016) of Nuveen, LLC. | |
William A. Siffermann 1975 333 W. Wacker Drive Chicago, IL 60606 | Vice President | 2017 | Managing Director (since 2017), formerly Senior Vice President (2016-2017) and Vice President (2011-2016) of Nuveen, LLC. | |
E. Scott Wickerham 1973 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 | Vice President and Controller | 2019 | Senior Managing Director, Head of Fund Administration at Nuveen, LLC (since 2019), formerly, Managing Director; Senior Managing Director (since 2019) of Nuveen Fund Advisors, LLC; Principal Financial Officer, Principal Accounting Officer and Treasurer (since 2017) of the TIAA-CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate Account VA-1 and Principal Financial Officer, Principal Accounting Officer (since 2020) and Treasurer (since 2017) of the CREF Accounts; formerly, Senior Director, TIAA-CREF Fund Administration (2014-2015); has held various positions with TIAA since 2006. | |
Mark L. Winget 1968 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Assistant Secretary | 2008 | Vice President and Assistant Secretary of Nuveen Securities, LLC (since 2008), and Nuveen Fund Advisors, LLC (since 2019); Vice President, Associate General Counsel and Assistant Secretary of Nuveen Asset Management, LLC (since 2020); Vice President (since 2010) and Associate General Counsel (since 2019), formerly, Assistant General Counsel (2008-2016) of Nuveen, LLC. | |
Gifford R. Zimmerman 1956 333 W. Wacker Drive Chicago, IL 60606 | Vice President and Chief Compliance Officer | 1988 | Formerly: Managing Director (2002-2020) and Assistant Secretary (2002-2020) of Nuveen Securities, LLC; formerly, Managing Director (2002-2020), Assistant Secretary (1997-2020) and Co-General Counsel (2011-2020) of Nuveen Fund Advisors, LLC; formerly, Managing Director (2004-2020) and Assistant Secretary (1994-2020) of Nuveen Investments, Inc.; formerly, Managing Director, Assistant Secretary and Associate General Counsel of Nuveen Asset Management, LLC (2011-2020); formerly, Vice President and Assistant Secretary of NWQ Investment Management Company, LLC (2002-2020), Santa Barbara Asset Management, LLC (2006-2020) and Winslow Capital Management, LLC (2010-2020); Chartered Financial Analyst. |
![](https://capedge.com/proxy/N-CSR/0001193125-21-182566/g171683imgca7a1c6c1.gif)
Serving Investors for Generations
ITEM 2. | CODE OF ETHICS. |
As of the end of the period covered by this report, the registrant has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. There were no amendments to or waivers from the code during the period covered by this report. The registrant has posted the code of ethics on its website at www.nuveen.com/fund-governance. (To view the code, click on Code of Conduct.)
ITEM 3. | AUDIT COMMITTEE FINANCIAL EXPERT. |
As of the end of the period covered by this report, the registrant’s Board of Directors or Trustees (“Board”) determined that the registrant has at least one “audit committee financial expert” (as defined in Item 3 of Form N-CSR) serving on its Audit Committee. The registrant’s audit committee financial experts are Carole E. Stone, Jack B. Evans, William C. Hunter and Albin F. Moschner, who are “independent” for purposes of Item 3 of Form N-CSR.
Ms. Stone served for five years as Director of the New York State Division of the Budget. As part of her role as Director, Ms. Stone was actively involved in overseeing the development of the State’s operating, local assistance and capital budgets, its financial plan and related documents; overseeing the development of the State’s bond-related disclosure documents and certifying that they fairly presented the State’s financial position; reviewing audits of various State and local agencies and programs; and coordinating the State’s system of internal audit and control. Prior to serving as Director, Ms. Stone worked as a budget analyst/examiner with increasing levels of responsibility over a 30 year period, including approximately five years as Deputy Budget Director. Ms. Stone has also served as Chair of the New York State Racing Association Oversight Board, as Chair of the Public Authorities Control Board, as a Commissioner on the New York State Commission on Public Authority Reform and as a member of the Boards of Directors of several New York State public authorities. These positions have involved overseeing operations and finances of certain entities and assessing the adequacy of project/entity financing and financial reporting. Currently, Ms. Stone is on the Board of Directors of CBOE Holdings, Inc., of the Chicago Board Options Exchange, and of C2 Options Exchange. Ms. Stone’s position on the boards of these entities and as a member of both CBOE Holdings’ Audit Committee and its Finance Committee has involved, among other things, the oversight of audits, audit plans and preparation of financial statements.
Mr. Evans was formerly President and Chief Operating Officer of SCI Financial Group, Inc., a full service registered broker-dealer and registered investment adviser (“SCI”). As part of his role as President and Chief Operating Officer, Mr. Evans actively supervised the Chief Financial Officer (the “CFO”) and actively supervised the CFO’s preparation of financial statements and other filings with various regulatory authorities. In such capacity, Mr. Evans was actively involved in the preparation of SCI’s financial statements and the resolution of issues raised in connection therewith. Mr. Evans has also served on the audit committee of various reporting companies. At such companies, Mr. Evans was involved in the oversight of audits, audit plans, and the preparation of financial statements. Mr. Evans also formerly chaired the audit committee of the Federal Reserve Bank of Chicago.
Mr. Hunter was formerly a Senior Vice President at the Federal Reserve Bank of Chicago. As part of his role as Senior Vice President, Mr. Hunter was the senior officer responsible for all operations of each of the Economic Research, Statistics, and Community and Consumer Affairs units at the Federal Reserve Bank of Chicago. In such capacity, Mr. Hunter oversaw the subunits of the Statistics and Community and Consumer Affairs divisions responsible for the analysis and evaluation of bank and bank holding company financial statements and financial filings. Prior to serving as Senior Vice President at the Federal Reserve Bank of Chicago, Mr. Hunter was the Vice President of the Financial Markets unit at the Federal Reserve Bank of Atlanta where he supervised financial staff and bank holding company analysts who analyzed and evaluated bank and bank holding company financial statements. Mr. Hunter also currently serves on the Boards of Directors of Xerox Corporation and Wellmark, Inc. as well as on the Audit Committees of such Boards. As an Audit Committee member, Mr. Hunter’s responsibilities include, among other things, reviewing financial statements, internal audits and internal controls over financial reporting. Mr. Hunter also formerly was a Professor of Finance at the University of Connecticut School of Business and has authored numerous scholarly articles on the topics of finance, accounting and economics.
Mr. Moschner, Founder and Chief Executive Officer, Northcroft Partners, LLC, (management consulting) (since 2012); formerly, Chairman (2019), and Director (2012-2019), USA Technologies, Inc., (provider of solutions and services to facilitate electronic payment transactions); formerly, Director, Wintrust Financial Corporation (1996-2016); previously, held positions at Leap Wireless International, Inc., (consumer wireless services) including Consultant (2011-2012), Chief Operating Officer (2008-2011), and Chief Marketing Officer (2004-2008); formerly, President, Verizon Card Services division of Verizon Communications, Inc. (2000-2003); formerly, President, One Point Services at One Point Communications (telecommunication services) (1999-2000); formerly, Vice Chairman of the Board, Diba, Incorporated (internet technology provider) (1996-1997); formerly, various executive positions (1991-1996), including Chief Executive Officer (1995-1996) of Zenith Electronics Corporation (consumer electronics).
ITEM 4. | PRINCIPAL ACCOUNTANT FEES AND SERVICES. |
The following tables show the amount of fees that PriceWaterHouseCoopers LLP the Funds’ auditor, billed to the Funds’ during the Funds’ last two full fiscal years. The Audit Committee approved in advance all audit services and non-audit services that PriceWaterHouseCoopers LLP provided to the Funds, except for those non-audit services that were subject to the pre-approval exception under Rule 2-01 of Regulation S-X (the “pre-approval exception”). The preapproval exception for services provided directly to the Funds waives the pre-approval requirement for services other than audit, review or attest services if: (A) the aggregate amount of all such services provided constitutes no more than 5% of the total amount of revenues paid by the Funds during the fiscal year in which the services are provided; (B) the Funds did not recognize the services as non-audit services at the time of the engagement; and (C) the services are promptly brought to the Audit Committee’s attention, and the Committee (or its delegate) approves the services before the audit is completed.
The Audit Committee has delegated certain pre-approval responsibilities to its Chair (or, in her absence, any other member of the Audit Committee).
Fiscal Year Ended March 31, 2021 | Audit Fees Billed to Funds 1 | Audit-Related Fees Billed to Funds 2 | Tax Fees Billed to Funds 3 | All Other Fees Billed to Funds 4 | ||||||||||||
Fund Name | ||||||||||||||||
Nuveen Short Term Municipal Bond Fund | 21,880 | 6,500 | 0 | 0 | ||||||||||||
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|
|
|
|
|
|
| |||||||||
Total | $ | 21,880 | $ | 6,500 | $ | 0 | $ | 0 |
1 | “Audit Fees” are the aggregate fees billed for professional services for the audit of the Fund’s annual financial statements and services provided in connection with statutory and regulatory filings or engagements. |
2 | “Audit-Related Fees” are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or review of financial statements that are not reported under “Audit Fees”. These fees include offerings related to the Fund’s common shares and leverage. |
3 | “Tax Fees” are the aggregate fees billed for professional services for tax advice, tax compliance, and tax planning. These fees include: all global withholding tax services; excise and state tax reviews; capital gain, tax equalization and taxable basis calculations performed by the principal accountant. |
4 | “All Other Fees” are the aggregate fees billed for products and services other than “Audit Fees”, “Audit-Related Fees” and “Tax Fees”. These fees represent all “Agreed-Upon Procedures” engagements pertaining to the Fund’s use of leverage. |
Percentage Approved Pursuant to Pre-approval Exception | ||||||||||||||||
Audit Fees Billed to Funds | Audit-Related Fees Billed to Funds | Tax Fees Billed to Funds | All Other Fees Billed to Funds | |||||||||||||
Fund Name | ||||||||||||||||
Nuveen Short Term Municipal Bond Fund | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||
March 31, 2020 | Audit Fees Billed to Funds 1, 5 | Audit-Related Fees Billed to Funds 2 | Tax Fees Billed to Funds 3 | All Other Fees Billed to Funds 4 | ||||||||||||
Fund Name | ||||||||||||||||
Nuveen Short Term Municipal Bond Fund | 21,346 | 0 | 0 | 0 | ||||||||||||
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|
|
|
|
|
| |||||||||
Total | $ | 21,346 | $ | 0 | $ | 0 | $ | 0 |
1 | “Audit Fees” are the aggregate fees billed for professional services for the audit of the Fund’s annual financial statements and services provided in connection with statutory and regulatory filings or engagements. |
2 | “Audit-Related Fees” are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or review of financial statements that are not reported under “Audit Fees”. These fees include offerings related to the Fund’s common shares and leverage. |
3 | “Tax Fees” are the aggregate fees billed for professional services for tax advice, tax compliance, and tax planning. These fees include: all global withholding tax services; excise and state tax reviews; capital gain, tax equalization and taxable basis calculations performed by the principal accountant. |
4 | “All Other Fees” are the aggregate fees billed for products and services other than “Audit Fees”, “Audit-Related Fees” and “Tax Fees”. These fees represent all “Agreed-Upon Procedures” engagements pertaining to the Fund’s use of leverage. |
5 | Amount was restated to inlude additional audit fees related to COVID-19. |
Percentage Approved Pursuant to Pre-approval Exception | ||||||||||||||||
Audit Fees Billed to Funds | Audit-Related Fees Billed to Funds | Tax Fees Billed to Funds | All Other Fees Billed to Funds | |||||||||||||
Fund Name | ||||||||||||||||
Nuveen Short Term Municipal Bond Fund | 0 | % | 0 | % | 0 | % | 0 | % |
Audit-Related Fees | Tax Fees Billed to | All Other Fees | ||||||||||
Billed to Adviser and | Adviser and | Billed to Adviser | ||||||||||
Affiliated Fund | Affiliated Fund | and Affiliated Fund | ||||||||||
Fiscal Year Ended March 31, 2021 | Service Providers | Service Providers | Service Providers | |||||||||
Nuveen Investment Funds, Inc. | $ | 0 | $ | 0 | $ | 0 | ||||||
Percentage Approved Pursuant to Pre-approval Exception | ||||||||||||
Audit-Related Fees | Tax Fees Billed to | All Other Fees | ||||||||||
Billed to Adviser and | Adviser and | Billed to Adviser | ||||||||||
Affiliated Fund Service Providers | Affiliated Fund Service Providers | and Affiliated Fund Service Providers | ||||||||||
0 | % | 0 | % | 0 | % | |||||||
Audit-Related Fees | Tax Fees Billed to | All Other Fees | ||||||||||
Billed to Adviser and | Adviser and | Billed to Adviser | ||||||||||
Affiliated Fund | Affiliated Fund | and Affiliated Fund | ||||||||||
Fiscal Year Ended March 31, 2020 | Service Providers | Service Providers | Service Providers | |||||||||
Nuveen Investment Funds, Inc. | $ | 0 | $ | 0 | $ | 0 | ||||||
Percentage Approved Pursuant to Pre-approval Exception | ||||||||||||
Audit-Related Fees | Tax Fees Billed to | All Other Fees | ||||||||||
Billed to Adviser and | Adviser and | Billed to Adviser | ||||||||||
Affiliated Fund Service Providers | Affiliated Fund Service Providers | and Affiliated Fund Service Providers | ||||||||||
0 | % | 0 | % | 0 | % |
Total Non-Audit Fees | ||||||||||||||||
billed to Adviser and | ||||||||||||||||
Affiliated Fund Service | Total Non-Audit Fees | |||||||||||||||
Providers (engagements | billed to Adviser and | |||||||||||||||
related directly to the | Affiliated Fund Service | |||||||||||||||
Total Non-Audit Fees | operations and financial | Providers (all other | ||||||||||||||
Fiscal Year Ended March 31, 2021 | Billed to Trust | reporting of the Trust) | engagements) | Total | ||||||||||||
Fund Name | ||||||||||||||||
Nuveen Short Term Municipal Bond Fund | 0 | 0 | 0 | 0 | ||||||||||||
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|
|
|
|
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| |||||||||
Total | $ | 0 | $ | 0 | $ | 0 | $ | 0 |
“Non-Audit Fees billed to Fund” for both fiscal year ends represent “Tax Fees” and “All Other Fees” billed to Fund in their respective amounts from the previous table.
Less than 50 percent of the hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees.
Total Non-Audit Fees | ||||||||||||||||
billed to Adviser and | ||||||||||||||||
Affiliated Fund Service | Total Non-Audit Fees | |||||||||||||||
Providers (engagements | billed to Adviser and | |||||||||||||||
related directly to the | Affiliated Fund Service | |||||||||||||||
Total Non-Audit Fees | operations and financial | Providers (all other | ||||||||||||||
Fiscal Year Ended March 31, 2020 | Billed to Trust | reporting of the Trust) | engagements) | Total | ||||||||||||
Fund Name | ||||||||||||||||
Nuveen Short Term Municipal Bond Fund | 0 | 0 | 0 | 0 | ||||||||||||
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| |||||||||
Total | $ | 0 | $ | 0 | $ | 0 | $ | 0 |
“Non-Audit Fees billed to Fund” for both fiscal year ends represent “Tax Fees” and “All Other Fees” billed to Fund in their respective amounts from the previous table.
Audit Committee Pre-Approval Policies and Procedures. Generally, the Audit Committee must approve (i) all non-audit services to be performed for the Funds by the Funds’ independent accountant and (ii) all audit and non-audit services to be performed by the Funds’ independent accountant for the Affiliated Fund Service Providers with respect to the operations and financial reporting of the Funds. Regarding tax and research projects conducted by the independent accountant for the Funds and Affiliated Fund Service Providers (with respect to operations and financial reports of the Trust), such engagements will be (i) pre-approved by the Audit Committee if they are expected to be for amounts greater than $10,000; (ii) reported to the Audit Committee Chair for her verbal approval prior to engagement if they are expected to be for amounts under $10,000 but greater than $5,000; and (iii) reported to the Audit Committee at the next Audit Committee meeting if they are expected to be for an amount under $5,000.
ITEM 5. | AUDIT COMMITTEE OF LISTED REGISTRANTS. |
Not applicable to this registrant.
ITEM 6. | SCHEDULE OF INVESTMENTS. |
a) | See Portfolio of Investments in Item 1. |
b) | Not applicable. |
ITEM 7. | DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Not applicable to this registrant.
ITEM 8. | PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Not applicable to this registrant.
ITEM 9. | PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS. |
Not applicable to this registrant.
ITEM 10. | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. |
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board of Trustees implemented after the registrant last provided disclosure in response to this Item.
ITEM 11. | CONTROLS AND PROCEDURES. |
(a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
(b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
ITEM 12. | DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Not applicable.
ITEM 13. | EXHIBITS. |
File the exhibits listed below as part of this Form.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Nuveen Investment Funds, Inc.
By (Signature and Title) | /s/ Mark J. Czarniecki | |
Mark J. Czarniecki | ||
Vice President and Secretary |
Date: June 4, 2021
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title) | /s/ Christopher E. Stickrod | |
Christopher E. Stickrod | ||
Chief Administrative Officer | ||
(principal executive officer) |
Date: June 4, 2021
By (Signature and Title) | /s/ E. Scott Wickerham | |
E. Scott Wickerham | ||
Vice President and Controller | ||
(principal financial officer) |
Date: June 4, 2021