Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2024 (Unaudited)
Portfolio of Investments (Unaudited)
Tax-Exempt Municipal Obligations — 95.7% |
Security | Principal Amount (000's omitted) | Value | |
Bond Bank — 0.6% | |||
Maine Municipal Bond Bank, 4.00%, 11/1/37 | $ | 1,000 | $ 1,033,930 |
Michigan Finance Authority, (Trinity Health Credit Group), 3.00%, 10/1/36 | 1,500 | 1,386,045 | |
New Hampshire Municipal Bond Bank, 3.00%, 8/15/34 | 2,000 | 1,880,440 | |
Vermont Bond Bank, (Vermont State Colleges System), 3.00%, 10/1/35 | 75 | 69,613 | |
$ 4,370,028 | |||
Education — 2.3% | |||
Allegheny County Higher Education Building Authority, PA, (Carnegie Mellon University), 4.014%, (70% of SOFR + 0.29%), 8/1/27 (Put Date), 2/1/33(1) | $ | 2,750 | $ 2,716,835 |
Connecticut Health and Educational Facilities Authority, (Yale University), 5.00%, 7/1/37 | 1,280 | 1,489,818 | |
Duneland School Building Corp., IN, 4.00%, 1/15/35 | 1,915 | 2,017,682 | |
Louisiana Public Facilities Authority, (Tulane University), 5.00%, 12/15/27 | 505 | 525,266 | |
Ohio State University, Green Bonds, 4.00%, 12/1/38 | 765 | 774,371 | |
Oklahoma Agricultural and Mechanical Colleges, (Oklahoma State University), 4.00%, 7/1/34 | 1,155 | 1,159,920 | |
Poway Unified School District, CA, (Election of 2008), 0.00%, 8/1/35 | 1,000 | 672,730 | |
University of Mississippi Educational Building Corp., 4.00%, 10/1/38 | 1,540 | 1,569,583 | |
Virginia College Building Authority, 4.00%, 2/1/33 | 1,000 | 1,011,770 | |
Virginia Public School Authority, Prince William County, 3.00%, 10/1/37 | 1,690 | 1,511,705 | |
West Lafayette School Building Corp., IN, 5.00%, 7/15/35 | 2,800 | 2,952,656 | |
$ 16,402,336 | |||
Electric Utilities — 2.1% | |||
American Municipal Power, Inc., OH, (Prairie State Energy Campus): | |||
4.00%, 2/15/35 | $ | 5,690 | $ 5,898,482 |
4.00%, 2/15/36 | 1,000 | 1,029,730 | |
Brownsville, TX, Utilities System Revenue, 5.00%, 9/1/29 | 1,000 | 1,023,520 | |
Clark County Public Utility District No. 1, WA, Electric System Revenue, 5.00%, 1/1/36 | 505 | 559,277 | |
Florida Municipal Power Agency, 3.00%, 10/1/33 | 1,825 | 1,683,325 | |
Garland, TX, Electric Utility System Revenue, 5.00%, 3/1/32 | 250 | 255,935 |
Security | Principal Amount (000's omitted) | Value | |
Electric Utilities (continued) | |||
Los Angeles Department of Water and Power, CA, Power System Revenue, (SPA: Barclays Bank PLC), 2.95%, 7/1/34(2) | $ | 1,000 | $ 1,000,000 |
Marquette Board of Light and Power, MI, 5.00%, 7/1/27 | 735 | 753,875 | |
North Carolina Municipal Power Agency No. 1, (Catawba), 5.00%, 1/1/29 | 500 | 515,435 | |
Public Finance Authority, WI, (Duke Energy Progress, LLC), 3.70% to 10/1/30 (Put Date), 10/1/46 | 2,730 | 2,699,642 | |
$ 15,419,221 | |||
Escrowed/Prerefunded — 0.0%(3) | |||
Colorado Health Facilities Authority, (NCMC, Inc.), Escrowed to Maturity, 5.00%, 5/15/25 | $ | 150 | $ 151,851 |
$ 151,851 | |||
General Obligations — 43.9% | |||
Aldine Independent School District, TX, (PSF Guaranteed): | |||
4.00%, 2/15/34 | $ | 300 | $ 304,596 |
5.00%, 2/15/39 | 500 | 560,420 | |
Amarillo Independent School District, TX, (PSF Guaranteed), 4.00%, 2/1/37 | 2,725 | 2,769,009 | |
Arlington Independent School District, TX, (PSF Guaranteed), 4.00%, 2/15/34 | 2,050 | 2,051,660 | |
Auburn School District No. 408, WA, 4.00%, 12/1/35 | 775 | 777,457 | |
Bainbridge Island School District No. 303, WA, 4.00%, 12/1/36 | 400 | 403,844 | |
Belding Area Schools, MI, 5.00%, 5/1/30 | 225 | 230,868 | |
Beverly Hills Unified School District, CA, (Election of 2018), 4.00%, 8/1/38 | 715 | 761,339 | |
Bexar County, TX, 3.00%, 6/15/30 | 6,000 | 5,821,620 | |
Boerne Independent School District, TX, (PSF Guaranteed), 4.00%, 2/1/37 | 1,000 | 1,006,750 | |
Brookline, MA: | |||
3.10%, 3/15/33 | 1,620 | 1,567,123 | |
3.15%, 3/15/34 | 1,405 | 1,362,288 | |
Burbank Unified School District, CA, (Election of 2013), 4.45%, 8/1/36 | 900 | 940,428 | |
Burlington, VT, 5.00%, 11/1/29 | 45 | 49,577 | |
California: | |||
2.85%, 12/1/32 | 1,625 | 1,506,895 | |
3.00%, 11/1/35 | 7,250 | 6,961,160 | |
4.55%, 12/1/37 | 1,000 | 1,067,900 | |
Cape May County, NJ, 3.00%, 10/1/31 | 1,000 | 970,140 | |
Celina Independent School District, TX, (PSF Guaranteed), 4.00%, 8/15/33 | 1,135 | 1,143,717 |
1
Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2024
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
General Obligations (continued) | |||
Celina, TX: | |||
1.625%, 9/1/32 | $ | 3,170 | $ 2,515,522 |
1.75%, 9/1/34 | 3,280 | 2,498,376 | |
Centennial School District No. 28Jt, OR, 5.00%, 6/15/34 | 835 | 924,295 | |
Chaffey Joint Union High School District, CA, (Election of 2012): | |||
0.00%, 8/1/30 | 450 | 361,553 | |
0.00%, 8/1/31 | 460 | 356,256 | |
0.00%, 8/1/32 | 530 | 395,120 | |
0.00%, 8/1/33 | 700 | 500,780 | |
Chambers County Improvement District No. 1, TX: | |||
4.00%, 9/1/32 | 1,100 | 1,111,132 | |
4.00%, 9/1/33 | 1,000 | 1,009,420 | |
4.00%, 9/1/34 | 1,000 | 1,011,570 | |
Chandler, AZ: | |||
2.60%, 7/1/30 | 2,950 | 2,729,635 | |
2.85%, 7/1/32 | 1,925 | 1,790,866 | |
Channelview Independent School District, TX, (PSF Guaranteed), 2.375%, 8/15/35 | 500 | 398,630 | |
Chisholm Independent School District No. 695, MN, 0.00%, 2/1/38 | 820 | 449,770 | |
Clark County, NV: | |||
4.00%, 12/1/35 | 1,820 | 1,867,575 | |
4.00%, 6/1/36 | 175 | 176,768 | |
Coconino County Unified School District No. 1, AZ: | |||
1.50%, 7/1/32 | 1,745 | 1,385,635 | |
1.75%, 7/1/34 | 2,055 | 1,585,885 | |
College Station Independent School District, TX, (PSF Guaranteed), 4.00%, 8/15/32 | 320 | 321,734 | |
College Station, TX: | |||
3.35%, 2/15/34 | 2,085 | 1,994,615 | |
3.45%, 2/15/35 | 2,150 | 2,069,375 | |
Colonial School District, PA, 5.00%, 2/15/33 | 50 | 50,796 | |
Comal County, TX, 4.00%, 2/1/33 | 5,580 | 5,620,511 | |
Connecticut: | |||
4.00%, 1/15/34 | 3,000 | 3,125,190 | |
4.00%, 1/15/35 | 3,000 | 3,113,910 | |
Conroe, TX, 4.125%, 3/1/39 | 1,895 | 1,929,356 | |
Contra Costa Community College District, CA, (Election of 2014), 4.00%, 8/1/33 | 100 | 105,088 | |
Cook County School District No. 25, IL, (Arlington Heights), 5.00%, 12/15/32 | 630 | 653,846 | |
Cupertino Union School District, CA, (Election of 2012), 5.00%, 8/1/33 | 555 | 578,854 |
Security | Principal Amount (000's omitted) | Value | |
General Obligations (continued) | |||
Cypress-Fairbanks Independent School District, TX, (PSF Guaranteed), 5.00%, 2/15/35 | $ | 2,235 | $ 2,543,810 |
Dallas Center-Grimes Community School District, IA: | |||
3.00%, 5/1/35 | 1,075 | 991,365 | |
3.00%, 5/1/36 | 910 | 819,792 | |
David Douglas School District No. 40, OR: | |||
0.00%, 6/15/31 | 525 | 406,219 | |
0.00%, 6/15/34 | 1,850 | 1,262,347 | |
0.00%, 6/15/35 | 1,250 | 814,300 | |
0.00%, 6/15/36 | 1,690 | 1,038,167 | |
0.00%, 6/15/37 | 1,000 | 576,180 | |
0.00%, 6/15/38 | 750 | 405,263 | |
Dedham, MA, 3.30%, 4/1/36 | 775 | 755,695 | |
Del Valle Independent School District, TX, (PSF Guaranteed), 4.00%, 6/15/38 | 750 | 760,110 | |
El Paso Independent School District, TX, (PSF Guaranteed), 4.00%, 8/15/34 | 500 | 503,440 | |
Euless, TX, 5.00%, 2/15/34 | 125 | 140,565 | |
Falls City Independent School District, TX, (PSF Guaranteed): | |||
4.00%, 8/15/34 | 570 | 571,374 | |
Prerefunded to 8/15/25, 4.00%, 8/15/34 | 430 | 432,258 | |
Florida, (Department of Transportation), 2.00%, 7/1/33 | 1,535 | 1,270,765 | |
Forney Independent School District, TX, 0.00%, 8/15/37 | 150 | 83,801 | |
Fort Bend Independent School District, TX, (PSF Guaranteed): | |||
3.00%, 8/15/35 | 400 | 366,888 | |
3.00%, 8/15/36 | 500 | 450,225 | |
Frenship Independent School District, TX, (PSF Guaranteed), 3.00%, 2/15/36 | 2,315 | 2,138,481 | |
Frisco Independent School District, TX, (PSF Guaranteed), 4.00%, 8/15/30 | 400 | 401,636 | |
Georgia, 5.00%, 2/1/32 | 795 | 835,322 | |
Glen Rose Independent School District, TX, (PSF Guaranteed): | |||
5.00%, 8/15/30 | 560 | 623,442 | |
5.00%, 8/15/32 | 935 | 1,038,364 | |
5.00%, 8/15/33 | 1,020 | 1,131,670 | |
5.00%, 8/15/34 | 330 | 365,495 | |
Grosse Pointe Public School System, MI, 3.00%, 5/1/36 | 1,580 | 1,441,545 | |
Guilford County, NC, 3.00%, 5/1/35 | 1,760 | 1,650,739 | |
Harlandale Independent School District, TX, 5.00%, 8/1/29 | 845 | 893,697 | |
Harrisburg School District No. 41-2, SD: | |||
2.00%, 8/1/32 | 2,230 | 1,872,665 | |
2.00%, 8/1/33 | 1,305 | 1,070,570 |
2
Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2024
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
General Obligations (continued) | |||
Hawaii, 4.00%, 1/1/37 | $ | 1,000 | $ 1,018,550 |
Hays Consolidated Independent School District, TX, (PSF Guaranteed), 3.25%, 2/15/32 | 3,445 | 3,341,409 | |
Hays County, TX, 3.00%, 2/15/37 | 1,750 | 1,525,177 | |
Hempstead, NY: | |||
2.00%, 6/15/33 | 6,035 | 5,071,210 | |
2.00%, 6/15/34 | 6,145 | 5,055,184 | |
Hennepin County, MN, 5.00%, 12/1/33 | 1,000 | 1,040,920 | |
Henrico County, VA, 3.35%, 8/1/36 | 4,970 | 4,838,494 | |
Homewood, AL, 5.00%, 9/1/29 | 2,000 | 2,077,980 | |
Honolulu City and County, HI, 3.00%, 9/1/31 | 110 | 104,022 | |
Houston, TX, 4.00%, 3/1/37 | 1,730 | 1,734,481 | |
Illinois: | |||
Series 2022A, 5.00%, 3/1/29 | 2,250 | 2,395,125 | |
Series 2022B, 5.00%, 3/1/29 | 2,000 | 2,129,000 | |
Independence School District, MO, 3.25%, 3/1/38 | 2,605 | 2,477,615 | |
Iowa City Community School District, 2.75%, 6/1/30 | 2,850 | 2,649,217 | |
Kansas City, MO: | |||
3.00%, 2/1/35 | 800 | 739,552 | |
4.00%, 2/1/37 | 2,500 | 2,582,400 | |
Kennebunk, ME, 2.00%, 10/1/35 | 600 | 476,838 | |
Knox County, TN: | |||
3.00%, 6/1/34 | 2,715 | 2,558,100 | |
3.00%, 6/1/35 | 2,955 | 2,767,889 | |
Knoxville, TN, 3.00%, 5/1/39 | 3,365 | 2,886,160 | |
Krum Independent School District, TX, (PSF Guaranteed), 4.00%, 8/15/35 | 720 | 721,310 | |
Lake Oswego, OR, 2.50%, 6/1/33 | 1,405 | 1,240,685 | |
Lake Washington School District No. 414, WA, 4.00%, 12/1/34 | 1,000 | 1,017,430 | |
Lane County School District No. 40, OR, 0.00%, 6/15/38 | 1,000 | 525,600 | |
Lexington, MA: | |||
3.10%, 2/15/34 | 875 | 843,771 | |
3.15%, 2/15/35 | 595 | 574,157 | |
3.20%, 2/15/36 | 1,195 | 1,146,304 | |
Lincoln, NE, 3.00%, 5/15/33 | 1,040 | 992,337 | |
Lone Star College System, TX, 3.00%, 2/15/36 | 1,695 | 1,551,620 | |
Longview, TX, 4.00%, 9/1/37 | 1,100 | 1,118,249 | |
Los Angeles Community College District, CA, (Election of 2008), 4.00%, 8/1/34 | 1,690 | 1,709,891 | |
Loudoun County, VA, 3.25%, 12/1/35 | 910 | 877,149 | |
Malakoff Independent School District, TX, (PSF Guaranteed), 3.00%, 2/15/35 | 2,580 | 2,368,982 | |
Marathon County, WI, 2.00%, 2/1/32 | 1,350 | 1,127,884 | |
Massachusetts, 4.00%, 5/1/36 | 5,050 | 5,121,558 |
Security | Principal Amount (000's omitted) | Value | |
General Obligations (continued) | |||
McKinney, TX, 2.50%, 8/15/35 | $ | 2,080 | $ 1,758,494 |
Medina Valley Independent School District, TX, (PSF Guaranteed), 4.00%, 2/15/35 | 325 | 339,349 | |
Mildred Independent School District, TX, (PSF Guaranteed), 3.00%, 2/15/35 | 425 | 394,506 | |
Mill Valley School District, CA: | |||
2.80%, 8/1/31 | 110 | 104,422 | |
2.90%, 8/1/32 | 1,375 | 1,310,416 | |
3.00%, 8/1/33 | 1,235 | 1,183,500 | |
3.00%, 8/1/34 | 2,200 | 2,101,594 | |
Milpitas Unified School District, CA, (Election of 2012), 4.00%, 8/1/32 | 360 | 360,119 | |
Monrovia Unified School District, CA, (Election of 2006), 0.00%, 8/1/34 | 3,550 | 2,485,887 | |
Montgomery County Municipal Utility District No. 46, TX, 4.00%, 3/1/29 | 1,295 | 1,297,214 | |
Morgan County School District, UT, 4.00%, 8/1/34 | 1,180 | 1,201,488 | |
Mountain View-Los Altos Union High School District, CA, 0.00%, 8/1/27 | 175 | 156,441 | |
Nebo School District, UT, 2.125%, 7/1/34 | 4,515 | 3,693,902 | |
Nevada, 2.125%, 5/1/38 | 2,000 | 1,483,060 | |
New York, NY, 5.25%, 10/1/39 | 2,000 | 2,247,180 | |
Newport News, VA, 3.00%, 2/1/37 | 90 | 81,049 | |
Newport-Mesa Unified School District, CA, (Election of 2005): | |||
0.00%, 8/1/35 | 3,435 | 2,373,585 | |
0.00%, 8/1/37 | 6,580 | 4,114,671 | |
Orange County, NC: | |||
3.25%, 8/1/36 | 3,035 | 2,862,400 | |
3.30%, 8/1/37 | 2,470 | 2,296,804 | |
Pasadena Independent School District, TX, (PSF Guaranteed): | |||
4.00%, 2/15/39 | 4,840 | 4,894,547 | |
4.125%, 2/15/40 | 3,575 | 3,628,696 | |
Pasadena, TX: | |||
4.00%, 2/15/28 | 500 | 500,495 | |
4.00%, 2/15/29 | 150 | 150,197 | |
4.00%, 2/15/30 | 440 | 440,594 | |
4.00%, 2/15/31 | 650 | 650,676 | |
Pearland Independent School District, TX, (PSF Guaranteed), 4.00%, 2/15/35 | 250 | 255,118 | |
Pecos Barstow Toyah Independent School District, TX, (PSF Guaranteed), 5.00%, 2/15/38 | 1,575 | 1,618,990 | |
Pendleton School District No. 16R, Umatilla County, OR, 0.00%, 6/15/27 | 790 | 704,664 | |
Pennsylvania, 4.00%, 10/1/37 | 17,000 | 17,423,470 | |
Plano, TX, 3.28%, 9/1/35 | 4,900 | 4,682,048 |
3
Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2024
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
General Obligations (continued) | |||
Portland, ME, 2.50%, 4/1/35 | $ | 1,765 | $ 1,523,954 |
Portland, OR, (Transportation Project), 2.00%, 10/1/35 | 2,395 | 1,903,378 | |
Quincy School District No. 144-101, WA, 4.00%, 12/1/34 | 800 | 803,016 | |
Racine County, WI: | |||
0.25%, 3/1/37 | 785 | 447,419 | |
0.50%, 3/1/38 | 870 | 482,998 | |
Ravenswood City School District, CA, (Election of 2016), 5.00%, 8/1/28 | 555 | 579,947 | |
Richardson Independent School District, TX, (PSF Guaranteed), 4.00%, 2/15/35 | 600 | 603,462 | |
Richmond, VA: | |||
2.60%, 7/15/37 | 7,845 | 6,494,719 | |
2.65%, 7/15/38 | 8,005 | 6,518,792 | |
River Falls School District, WI, 3.20%, 4/1/32 | 2,185 | 2,081,431 | |
Romeo Community Schools, MI, 5.00%, 5/1/30 | 700 | 719,754 | |
Romulus, MI: | |||
4.00%, 11/1/31 | 250 | 252,873 | |
4.00%, 11/1/32 | 100 | 100,752 | |
4.00%, 11/1/33 | 250 | 250,930 | |
Round Rock, TX, 4.00%, 8/15/38 | 725 | 735,679 | |
San Antonio Independent School District, TX, (PSF Guaranteed), 4.00%, 8/15/33 | 500 | 504,880 | |
San Jacinto Community College District, TX, 4.00%, 2/15/34 | 1,445 | 1,522,091 | |
School District 27J, Adams and Weld Counties and City and County of Broomfield, CO, 4.00%, 12/1/30 | 450 | 453,695 | |
Somerville, MA, 1.75%, 10/15/34 | 4,335 | 3,389,883 | |
Southside Independent School District, TX, (PSF Guaranteed), 4.00%, 8/15/35 | 500 | 507,390 | |
Spokane, WA, 4.00%, 12/1/36 | 2,980 | 3,019,098 | |
St. Charles County Francis Howell R-III School District, MO, 3.00%, 3/1/33 | 6,430 | 6,028,704 | |
St. Charles School District, MO, 3.00%, 3/1/38 | 1,150 | 995,843 | |
Stamford, CT, 2.00%, 8/15/33 | 805 | 667,232 | |
Sugar Land, TX, 4.00%, 2/15/36 | 1,000 | 1,007,760 | |
Travis County, TX: | |||
3.375%, 3/1/38 | 2,585 | 2,393,451 | |
3.375%, 3/1/38 | 605 | 560,170 | |
Tukwila, WA, 4.00%, 12/1/35 | 500 | 509,150 | |
Tuloso-Midway Independent School District, TX, (PSF Guaranteed), 4.00%, 8/15/29 | 545 | 546,913 | |
Tyler Independent School District, TX, (PSF Guaranteed), 5.00%, 2/15/36 | 2,000 | 2,094,880 | |
Umatilla School District No. 6R, Umatilla County, OR: | |||
0.00%, 6/15/29 | 115 | 95,723 |
Security | Principal Amount (000's omitted) | Value | |
General Obligations (continued) | |||
Umatilla School District No. 6R, Umatilla County, OR: (continued) | |||
0.00%, 6/15/30 | $ | 110 | $ 88,273 |
Union County, NC: | |||
3.00%, 9/1/35 | 1,070 | 1,001,402 | |
3.00%, 9/1/36 | 1,090 | 995,889 | |
United Independent School District, TX: | |||
4.00%, 2/15/33 | 350 | 353,612 | |
4.00%, 2/15/34 | 535 | 542,736 | |
4.00%, 2/15/36 | 580 | 585,881 | |
4.00%, 2/15/37 | 600 | 602,382 | |
Upper St. Clair Township, PA, 4.00%, 6/1/34 | 800 | 810,688 | |
Vestavia Hills, AL, 4.00%, 8/1/35 | 800 | 819,256 | |
Village of Dobbs Ferry, NY: | |||
2.85%, 10/15/35 | 475 | 402,800 | |
3.00%, 10/15/36 | 490 | 429,348 | |
Washington: | |||
5.00%, 8/1/35 | 1,220 | 1,222,550 | |
5.00%, 8/1/39 | 1,205 | 1,290,362 | |
West St. Paul-Mendota Heights-Eagan Independent School District No. 197, MN, 3.55%, 2/1/36 | 7,615 | 7,553,166 | |
Westchester County, NY, 2.00%, 10/15/33 | 650 | 534,281 | |
Wichita Falls Independent School District, TX, (PSF Guaranteed), 3.00%, 2/1/38 | 2,920 | 2,579,207 | |
Will County Community Unit School District No. 365-U, IL, 4.00%, 1/1/30 | 360 | 362,542 | |
Williamson County, TX, 3.00%, 2/15/33 | 3,250 | 3,026,920 | |
Willis Independent School District, TX, (PSF Guaranteed), 3.00%, 2/15/34 | 705 | 695,356 | |
Wisconsin: | |||
5.00%, 5/1/34(4) | 2,625 | 2,965,672 | |
5.00%, 5/1/35(4) | 2,575 | 2,930,504 | |
Wisconsin Rapids School District, 2.00%, 4/1/34 | 1,030 | 788,887 | |
Worthington City School District, OH: | |||
0.00%, 12/1/28 | 100 | 84,734 | |
0.00%, 12/1/29 | 340 | 277,906 | |
0.00%, 12/1/30 | 715 | 562,583 | |
0.00%, 12/1/31 | 295 | 222,955 | |
Yosemite Community College District, CA, (Election of 2004), 0.00%, 8/1/37 | 165 | 100,922 | |
Ysleta Independent School District, TX, (PSF Guaranteed), 4.00%, 8/15/37 | 405 | 408,183 | |
$313,781,834 |
4
Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2024
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
Hospital — 9.6% | |||
California Health Facilities Financing Authority, (Adventist Health System/West), 4.00%, 3/1/27 | $ | 90 | $ 90,009 |
California Health Facilities Financing Authority, (El Camino Hospital), 5.00%, 2/1/29 | 465 | 487,218 | |
Clarke County Hospital Authority, GA, (Piedmont Healthcare, Inc.), 5.00%, 7/1/30 | 335 | 343,878 | |
Cobb County Kennestone Hospital Authority, GA, (WellStar Health System, Inc.), 4.00%, 4/1/34 | 100 | 101,410 | |
Colorado Health Facilities Authority, (CommonSpirit Health), 5.00%, 8/1/28 | 7,035 | 7,450,135 | |
Colorado Health Facilities Authority, (Sanford Health), 5.00%, 11/1/32 | 3,000 | 3,237,270 | |
Connecticut Health and Educational Facilities Authority, (Stamford Hospital), 4.00%, 7/1/30 | 350 | 353,640 | |
Glynn-Brunswick Memorial Hospital Authority, GA, (Southeast Georgia Health System), 4.00%, 8/1/35 | 950 | 911,164 | |
Grand Forks County, ND, Prerefunded to 10/1/30, 4.00%, 10/1/35 | 345 | 365,459 | |
Harris County Cultural Education Facilities Finance Corp., TX, (Texas Children's Hospital), (LOC: TD Bank, N.A.), 3.80%, 10/1/45(2) | 5,000 | 5,000,000 | |
Illinois Finance Authority, (Rush University Medical Center): | |||
5.00%, 11/15/31 | 1,000 | 1,008,980 | |
5.00%, 11/15/32 | 1,000 | 1,008,900 | |
Louisville/Jefferson County Metro Government, KY, (Norton Healthcare, Inc.): | |||
5.00%, 10/1/30 | 2,000 | 2,048,300 | |
5.00%, 10/1/31 | 1,500 | 1,534,830 | |
5.00%, 10/1/32 | 2,000 | 2,044,280 | |
Maryland Health and Higher Educational Facilities Authority, (MedStar Health, Inc.), 5.00%, 8/15/31 | 875 | 884,327 | |
Massachusetts Development Finance Agency, (Berkshire Retirement Community, Inc.), 5.00%, 7/1/25 | 250 | 249,980 | |
Minneapolis, MN, (Allina Health System), 4.00%, 11/15/36 | 1,990 | 2,017,263 | |
Missouri Health and Educational Facilities Authority, (CoxHealth), 5.00%, 11/15/31 | 440 | 443,907 | |
Missouri Health and Educational Facilities Authority, (Saint Luke's Health System), 5.00%, 11/15/31 | 1,000 | 1,029,330 | |
New Hampshire Health and Education Facilities Authority, (Dartmouth-Hitchcock Obligated Group): | |||
5.00%, 8/1/28 | 500 | 522,400 | |
5.00%, 8/1/29 | 500 | 522,730 | |
New Jersey Health Care Facilities Financing Authority, (Princeton HealthCare System): | |||
5.00%, 7/1/27 | 700 | 721,000 | |
5.00%, 7/1/28 | 600 | 618,516 |
Security | Principal Amount (000's omitted) | Value | |
Hospital (continued) | |||
New Jersey Health Care Facilities Financing Authority, (Princeton HealthCare System): (continued) | |||
5.00%, 7/1/31 | $ | 275 | $ 283,341 |
New York Dormitory Authority, (Maimonides Medical Center), 4.00%, 8/1/30 | 150 | 154,014 | |
Oregon Facilities Authority, (Samaritan Health Services), 5.00%, 10/1/32 | 700 | 713,601 | |
Public Finance Authority, WI, (Renown Regional Medical Center), 5.00%, 6/1/36 | 2,310 | 2,422,127 | |
Southcentral Pennsylvania General Authority, (Hanover Hospital, Inc.), 4.00%, 12/1/30 | 150 | 151,080 | |
St. Paul Housing and Redevelopment Authority, MN, (HealthPartners Obligated Group), 5.00%, 7/1/30 | 625 | 631,837 | |
University of Colorado Hospital Authority, (SPA: TD Bank, N.A.), 3.80%, 11/15/39(2) | 27,865 | 27,865,000 | |
University of Kansas Hospital Authority, (KU Health System), 5.00%, 9/1/27 | 1,555 | 1,580,611 | |
Vermont Educational and Health Buildings Financing Agency, (University of Vermont Medical Center): | |||
5.00%, 12/1/25 | 285 | 289,477 | |
5.00%, 12/1/28 | 180 | 184,817 | |
5.00%, 12/1/30 | 300 | 308,190 | |
5.00%, 12/1/31 | 70 | 71,810 | |
Washington Health Care Facilities Authority, (Overlake Hospital Medical Center), 5.00%, 7/1/27 | 100 | 101,120 | |
Wisconsin Health and Educational Facilities Authority, (Agnesian HealthCare, Inc.), 5.00%, 7/1/26 | 400 | 409,812 | |
Wisconsin Health and Educational Facilities Authority, (Gundersen Health System), 4.00%, 10/15/33 | 425 | 433,509 | |
$ 68,595,272 | |||
Housing — 11.3% | |||
Colorado Housing and Finance Authority, Social Bonds, (GNMA), 5.75%, 11/1/53 | $ | 4,930 | $ 5,209,580 |
Connecticut Housing Finance Authority, Social Bonds, (FHLMC), (FNMA), (GNMA), 6.00%, 11/15/54 | 1,910 | 2,061,349 | |
Connecticut Housing Finance Authority, (Housing Mortgage Finance), 1.45%, 5/15/31 | 1,220 | 1,036,964 | |
Florida Housing Finance Corp., (FHLMC), (FNMA), (GNMA), 6.25%, 7/1/55 | 1,510 | 1,671,706 | |
Georgia Housing & Finance Authority, 3.65%, 12/1/32 | 185 | 178,181 | |
Illinois Housing Development Authority, Social Bonds, (FHLMC), (FNMA), (GNMA), 6.25%, 10/1/53 | 3,465 | 3,818,257 | |
Indiana Housing and Community Development Authority, SFMR, Social Bonds, (FHLMC), (FNMA), (GNMA), 4.35%, 7/1/37 | 3,035 | 3,108,811 |
5
Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2024
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
Housing (continued) | |||
Iowa Finance Authority, SFMR, (FHLMC), (FNMA), (GNMA): | |||
Social Bonds, 1.50%, 1/1/31 | $ | 300 | $ 245,568 |
Social Bonds, 1.60%, 7/1/31 | 175 | 142,895 | |
Michigan Housing Development Authority, Social Bonds, 6.00%, 6/1/54 | 8,500 | 9,179,915 | |
Minnesota Housing Finance Agency: | |||
2019 Series A, 4.00%, 8/1/34 | 295 | 304,015 | |
2019 Series A, 4.00%, 8/1/35 | 440 | 451,488 | |
2019 Series C, 4.00%, 8/1/34 | 240 | 247,334 | |
(FHLMC), (FNMA), (GNMA), 2.55%, 7/1/39 | 1,375 | 1,088,601 | |
New Mexico Mortgage Finance Authority, (FHLMC), (FNMA), (GNMA), 5.75%, 3/1/54 | 2,975 | 3,154,422 | |
New York City Housing Development Corp., NY: | |||
2.65%, 11/1/27 | 60 | 57,448 | |
2.85%, 11/1/29 | 20 | 18,694 | |
New York Housing Finance Agency, (FHLMC), (FNMA), (GNMA), 2.40%, 11/1/26 | 150 | 144,699 | |
New York Mortgage Agency, 3.65%, 4/1/32 | 95 | 92,887 | |
North Dakota Housing Finance Agency, Social Bonds, 6.00%, 7/1/54 | 5,000 | 5,399,700 | |
Ohio Housing Finance Agency, Social Bonds, (FHLMC), (FNMA), (GNMA), 6.25%, 3/1/55 | 2,285 | 2,492,478 | |
Pennsylvania Housing Finance Agency, SFMR, Social Bonds, 6.25%, 10/1/53 | 5,845 | 6,314,003 | |
Seattle Housing Authority, WA, (Northgate Plaza), 1.00%, 6/1/26 | 7,675 | 7,144,197 | |
South Dakota Housing Development Authority, (FHLMC), (FNMA), (GNMA), 6.25%, 5/1/55 | 4,500 | 4,916,250 | |
Tennessee Housing Development Agency, (Residential Finance Program), Social Bonds, (FHLMC), (FNMA), (GNMA), 6.25%, 1/1/54 | 2,750 | 2,962,905 | |
Texas Department of Housing and Community Affairs, Social Bonds, (GNMA), 6.00%, 1/1/54 | 4,965 | 5,406,140 | |
Utah Housing Corp., (FHLMC), (FNMA), (GNMA), 6.00%, 7/1/54 | 5,735 | 6,272,714 | |
Vermont Housing Finance Agency, (FHLMC), (FNMA), (GNMA), 3.85%, 11/1/33 | 994 | 975,233 | |
Virginia Housing Development Authority, 2.55%, 5/1/27 | 90 | 86,190 | |
Wisconsin Housing and Economic Development Authority Home Ownership Revenue, Social Bonds, (FHLMC), (FNMA), (GNMA), 6.00%, 9/1/54 | 6,250 | 6,741,000 | |
$ 80,923,624 |
Security | Principal Amount (000's omitted) | Value | |
Insured - Bond Bank — 1.6% | |||
Indianapolis Local Public Improvement Bond Bank, IN, (AGM), 4.00%, 6/1/36 | $ | 10,855 | $ 11,200,298 |
$ 11,200,298 | |||
Insured - Electric Utilities — 0.6% | |||
Municipal Electric Authority of Georgia, (Plant Vogtle Units 3 & 4 Project M): | |||
(AGM), 4.00%, 1/1/37 | $ | 470 | $ 474,719 |
(AGM), 5.00%, 7/1/30 | 250 | 273,105 | |
(AGM), 5.00%, 7/1/31 | 275 | 304,123 | |
(AGM), 5.00%, 7/1/32 | 465 | 520,024 | |
(AGM), 5.00%, 7/1/33 | 330 | 369,580 | |
(AGM), 5.00%, 7/1/34 | 365 | 408,515 | |
(AGM), 5.00%, 7/1/35 | 310 | 346,003 | |
(AGM), 5.00%, 7/1/36 | 500 | 554,050 | |
(AGM), 5.00%, 7/1/37 | 390 | 427,986 | |
(AGM), 5.00%, 7/1/38 | 405 | 441,081 | |
$ 4,119,186 | |||
Insured - General Obligations — 0.5% | |||
Fort Bend County Municipal Utility District No. 58, TX, (BAM), 3.00%, 4/1/26 | $ | 10 | $ 9,796 |
Mauston School District, WI, (AGM), 1.60%, 3/1/34 | 2,565 | 1,938,114 | |
Rialto Unified School District, CA, (Election of 2022): | |||
(BAM), 0.00%, 8/1/34 | 400 | 274,520 | |
(BAM), 0.00%, 8/1/35 | 425 | 276,794 | |
(BAM), 0.00%, 8/1/36 | 500 | 307,545 | |
(BAM), 0.00%, 8/1/37 | 750 | 433,388 | |
(BAM), 0.00%, 8/1/38 | 500 | 272,095 | |
$ 3,512,252 | |||
Insured - Lease Revenue/Certificates of Participation — 0.5% | |||
Clermont County Port Authority, OH, (West Clermont Local School District), (BAM), 5.00%, 12/1/29 | $ | 100 | $ 101,905 |
Fairfield, CA, Certificates of Participation: | |||
(AGC), 0.00%, 4/1/34 | 1,000 | 695,160 | |
(AGC), 0.00%, 4/1/37 | 5,000 | 2,982,700 | |
Highlands County School Board, FL, (BAM), 5.00%, 3/1/27 | 75 | 75,822 | |
Tahoe-Truckee Unified School District, CA, Certificates of Participation, (BAM), 5.00%, 6/1/31 | 90 | 93,607 | |
$ 3,949,194 | |||
Insured - Special Tax Revenue — 0.1% | |||
North Houston Development Corp., TX, Tax Increment Contract Revenue, (AGM), 3.00%, 9/1/36 | $ | 880 | $ 761,499 |
6
Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2024
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
Insured - Special Tax Revenue (continued) | |||
Vineyard Redevelopment Agency, UT, (AGM), 4.00%, 5/1/36 | $ | 135 | $ 139,785 |
$ 901,284 | |||
Insured - Transportation — 0.4% | |||
New Brunswick Parking Authority, NJ, (BAM), 5.00%, 9/1/27 | $ | 275 | $ 280,429 |
New Orleans Aviation Board, LA, (AGM), 5.00%, 1/1/34 | 2,485 | 2,625,800 | |
$ 2,906,229 | |||
Insured - Water and Sewer — 0.1% | |||
Gulf Coast Waste Disposal Authority, TX, (AGM), 5.00%, 10/1/30 | $ | 250 | $ 254,375 |
Hamburg Municipal Authority, PA, Sewer Revenue: | |||
(AGM), 2.00%, 10/1/32 | 320 | 269,280 | |
(AGM), 2.00%, 10/1/34 | 30 | 24,235 | |
$ 547,890 | |||
Lease Revenue/Certificates of Participation — 2.9% | |||
Colorado Department of Transportation: | |||
5.00%, 6/15/30 | $ | 350 | $ 359,418 |
5.00%, 6/15/31 | 310 | 317,707 | |
Commonwealth Financing Authority, PA, Tobacco Master Settlement Payment Revenue: | |||
5.00%, 6/1/29 | 3,000 | 3,169,890 | |
5.00%, 6/1/30 | 3,000 | 3,172,140 | |
Fountain Valley Public Financing Authority, CA, 4.00%, 11/1/28 | 645 | 657,726 | |
Greene County, MO, Certificates of Participation, 4.00%, 3/1/35 | 2,000 | 2,077,040 | |
Lee County School Board, FL, Certificates of Participation, 5.00%, 8/1/32 | 1,495 | 1,529,669 | |
Los Angeles Unified School District, CA, Sustainability Bonds, 5.00%, 10/1/38 | 2,450 | 2,770,362 | |
New Jersey Transportation Trust Fund Authority, (Transportation Program), 5.25%, 6/15/39 | 5,250 | 5,846,610 | |
Noblesville Multi-School Building Corp., IN, 3.00%, 7/15/33 | 275 | 263,241 | |
Public Finance Authority, WI, (KU Campus Development Corp.), 5.00%, 3/1/29 | 500 | 512,725 | |
$ 20,676,528 | |||
Other Revenue — 5.9% | |||
California Community Choice Financing Authority, Clean Energy Project Revenue: | |||
Green Bonds, 4.00% to 8/1/28 (Put Date), 5/1/53 | $ | 5,300 | $ 5,282,828 |
Green Bonds, 4.00% to 8/1/31 (Put Date), 2/1/52 | 2,020 | 1,997,033 |
Security | Principal Amount (000's omitted) | Value | |
Other Revenue (continued) | |||
Kentucky Public Energy Authority, Gas Supply Revenue, 4.00% to 2/1/28 (Put Date), 2/1/50 | $ | 5,000 | $ 4,987,450 |
Louisiana Local Government Environmental Facilities and Community Development Authority, (Jefferson Parish): | |||
5.00%, 4/1/27 | 500 | 515,660 | |
5.00%, 4/1/29 | 275 | 283,096 | |
Main Street Natural Gas, Inc., GA, Gas Supply Revenue: | |||
4.00% to 12/1/29 (Put Date), 9/1/52 | 23,115 | 22,974,461 | |
5.00% to 3/1/30 (Put Date), 7/1/53 | 2,500 | 2,625,750 | |
New York City Cultural Resources Trust, NY, (Carnegie Hall), 5.00%, 12/1/29 | 85 | 92,822 | |
Philadelphia Energy Authority: | |||
Sustainability Bonds, 5.00%, 11/1/33 | 850 | 959,454 | |
Sustainability Bonds, 5.00%, 11/1/38 | 850 | 931,065 | |
Sustainability Bonds, 5.00%, 11/1/43 | 750 | 800,985 | |
Tennergy Corp., TN, Gas Supply Revenue, 4.00% to 9/1/28 (Put Date), 12/1/51 | 1,150 | 1,140,811 | |
$ 42,591,415 | |||
Senior Living/Life Care — 1.3% | |||
Baltimore County, MD, (Riderwood Village, Inc.): | |||
4.00%, 1/1/30 | $ | 1,455 | $ 1,448,874 |
4.00%, 1/1/32 | 350 | 347,508 | |
4.00%, 1/1/33 | 600 | 594,066 | |
4.00%, 1/1/34 | 685 | 692,145 | |
4.00%, 1/1/35 | 615 | 620,160 | |
Buffalo and Erie County Industrial Land Development Corp., NY, (Orchard Park CCRC, Inc.): | |||
5.00%, 11/15/28 | 50 | 50,603 | |
5.00%, 11/15/30 | 910 | 920,702 | |
California Statewide Communities Development Authority, (American Baptist Homes of the West), 5.00%, 10/1/25 | 100 | 100,668 | |
Cumberland County Municipal Authority, PA, (Diakon Lutheran Social Ministries), 5.00%, 1/1/27 | 1,035 | 1,044,460 | |
East Hempfield Township Industrial Development Authority, PA, (Willow Valley Communities), 5.00%, 12/1/31 | 310 | 313,419 | |
Missouri Health and Educational Facilities Authority, (Lutheran Senior Services), 3.00%, 2/1/27 | 975 | 935,122 | |
North Carolina Medical Care Commission, (United Methodist Retirement Homes): | |||
Series 2016A, 5.00%, 10/1/30 | 10 | 10,281 | |
Series 2016A, 5.00%, 10/1/31 | 300 | 308,358 |
7
Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2024
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
Senior Living/Life Care (continued) | |||
Washington Housing Finance Commission, WA, (Emerald Heights), 5.00%, 7/1/38 | $ | 1,580 | $ 1,659,806 |
$ 9,046,172 | |||
Special Tax Revenue — 4.0% | |||
Allentown Neighborhood Improvement Zone Development Authority, PA: | |||
5.00%, 5/1/28 | $ | 340 | $ 353,229 |
5.00%, 5/1/29 | 450 | 471,830 | |
5.00%, 5/1/30 | 425 | 449,110 | |
5.00%, 5/1/31 | 575 | 611,421 | |
Connecticut, Special Tax Obligation Bonds: | |||
5.00%, 7/1/34 | 1,000 | 1,153,270 | |
5.00%, 7/1/39 | 3,000 | 3,366,570 | |
Miami-Dade County, FL, Special Obligation Bonds: | |||
5.00%, 4/1/30 | 950 | 973,180 | |
5.00%, 4/1/31 | 895 | 916,176 | |
5.00%, 4/1/32 | 735 | 751,978 | |
New York City Transitional Finance Authority, NY, Future Tax Revenue: | |||
4.00%, 8/1/37 | 1,995 | 1,979,539 | |
4.00%, 2/1/38 | 310 | 314,752 | |
5.00%, 8/1/33 | 1,190 | 1,192,059 | |
New York Dormitory Authority, Personal Income Tax Revenue, 4.00%, 2/15/37 | 6,950 | 7,077,532 | |
New York Dormitory Authority, Sales Tax Revenue, 5.00%, 3/15/32 | 1,800 | 1,828,566 | |
New York State Urban Development Corp., Personal Income Tax Revenue: | |||
4.00%, 3/15/35 | 2,885 | 2,986,408 | |
4.00%, 3/15/39 | 2,900 | 2,928,826 | |
Triborough Bridge and Tunnel Authority, NY, Green Bonds, 5.25%, 11/15/39 | 1,000 | 1,145,350 | |
$ 28,499,796 | |||
Transportation — 3.1% | |||
Central Texas Regional Mobility Authority, 4.00%, 1/1/34 | $ | 70 | $ 71,844 |
Chicago, IL, (O'Hare International Airport): | |||
5.00%, 1/1/28 | 150 | 151,082 | |
5.00%, 1/1/29 | 150 | 151,137 | |
5.00%, 1/1/30 | 500 | 503,955 | |
5.00%, 1/1/31 | 1,000 | 1,008,020 | |
5.25%, 1/1/32 | 2,565 | 2,692,865 | |
Denver City and County, CO, Airport System Revenue, 5.00%, 11/15/31 | 1,450 | 1,508,478 |
Security | Principal Amount (000's omitted) | Value | |
Transportation (continued) | |||
Fort Bend County, TX, Toll Road Revenue, 5.00%, 3/1/28 | $ | 500 | $ 505,960 |
Illinois Toll Highway Authority: | |||
5.00%, 1/1/29 | 175 | 179,226 | |
5.00%, 12/1/32 | 350 | 356,457 | |
Los Angeles Department of Airports, CA, (Los Angeles International Airport): | |||
5.00%, 5/15/33 | 225 | 245,050 | |
5.00%, 5/15/34 | 200 | 203,954 | |
Maryland Department of Transportation, 3.00%, 9/1/32 | 4,800 | 4,578,576 | |
Metropolitan Transportation Authority, NY, 3.988%, (67% of SOFR + 0.43%), 11/1/26(1) | 1,440 | 1,433,880 | |
New Orleans Aviation Board, LA, 5.00%, 1/1/28 | 150 | 155,552 | |
North Texas Tollway Authority, 4.125%, 1/1/39 | 6,000 | 6,100,620 | |
Portland, ME, Airport Revenue, Green Bonds, 5.00%, 1/1/29 | 225 | 241,261 | |
Salt Lake City, UT, (Salt Lake City International Airport): | |||
5.00%, 7/1/31 | 300 | 321,297 | |
5.00%, 7/1/32 | 660 | 706,688 | |
5.00%, 7/1/33 | 600 | 642,246 | |
5.00%, 7/1/34 | 450 | 481,518 | |
$ 22,239,666 | |||
Water and Sewer — 4.9% | |||
Colorado Springs, CO, Utilities System Revenue, (SPA: Sumitomo Mitsui Banking Corp.), 3.77%, 11/1/28(2) | $ | 3,200 | $ 3,200,000 |
Dallas, TX, Waterworks and Sewer System Revenue, 4.00%, 10/1/37 | 800 | 800,000 | |
Indiana Finance Authority, (CWA Authority, Inc.), 4.00%, 10/1/36 | 1,475 | 1,514,102 | |
Indiana Finance Authority, (CWA Authority, Inc.), Green Bonds, 4.00%, 10/1/37 | 1,595 | 1,621,876 | |
Jefferson County, AL, Sewer Revenue, 5.00%, 10/1/39 | 5,000 | 5,393,600 | |
Louisville and Jefferson County Metropolitan Sewer District, KY, Green Bonds, 4.00%, 5/15/36 | 220 | 229,176 | |
Marin Public Financing Authority, CA, (Sausalito-Marin City Sanitary District), 4.00%, 4/1/32 | 575 | 591,267 | |
Memphis, TN, Sanitary Sewerage System Revenue, 4.00%, 10/1/32 | 1,700 | 1,716,167 | |
Mesa, AZ, Utility Systems Revenue, 5.00%, 7/1/29 | 500 | 517,050 | |
Metropolitan Utilities District of Omaha Water System Revenue, NE, 3.25%, 12/1/31 | 1,720 | 1,676,622 | |
New York State Environmental Facilities Corp., (New York City Municipal Water Finance Authority), 4.00%, 6/15/37 | 155 | 157,486 | |
Portland, OR, Sewer System Revenue, 3.00%, 3/1/37 | 710 | 633,533 |
8
Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2024
Portfolio of Investments (Unaudited) — continued
Security | Principal Amount (000's omitted) | Value | |
Water and Sewer (continued) | |||
Rapid City, SD, Water Revenue: | |||
4.00%, 11/1/29 | $ | 600 | $ 606,300 |
4.00%, 11/1/30 | 670 | 677,410 | |
San Francisco City and County Public Utilities Commission, CA, Wastewater Revenue, 4.00%, 10/1/37 | 185 | 197,060 | |
Santa Maria, CA, Water & Wastewater Revenue, 3.00%, 2/1/35 | 2,165 | 2,069,285 | |
Southeast Energy Authority, AL, (Project No. 2), 4.00% to 12/1/31 (Put Date), 12/1/51 | 2,950 | 2,888,965 | |
Southeast Energy Authority, AL, (Project No. 6), (Liq: Royal Bank of Canada), 5.00% to 6/1/30 (Put Date), 1/1/54 | 1,500 | 1,577,925 | |
Texas Water Development Board: | |||
4.00%, 8/1/35 | 4,115 | 4,315,195 | |
4.00%, 10/15/36 | 500 | 503,610 | |
4.00%, 10/15/36 | 700 | 710,703 | |
Washington Suburban Sanitary District, MD, 2.00%, 6/1/34 | 2,000 | 1,627,880 | |
Winston-Salem, NC, Water & Sewer System Revenue, 2.375%, 6/1/38 | 2,085 | 1,630,491 | |
$ 34,855,703 | |||
Total Tax-Exempt Municipal Obligations (identified cost $681,195,367) | $684,689,779 |
U.S. Treasury Obligations — 0.0%(3) |
Security | Principal Amount (000's omitted) | Value | |
U.S. Treasury Notes, 3.75%, 12/31/28 | $ | 118 | $ 113,142 |
Total U.S. Treasury Obligations (identified cost $116,751) | $ 113,142 |
Short-Term Investments — 4.4% |
Security | Shares | Value | |
Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 5.22%(5) | 31,277,339 | $ 31,277,339 | |
Total Short-Term Investments (identified cost $31,277,339) | $ 31,277,339 | ||
Total Investments — 100.1% (identified cost $712,589,457) | $716,080,260 | ||
Other Assets, Less Liabilities — (0.1)% | $ (903,302) | ||
Net Assets — 100.0% | $715,176,958 |
The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | |
(1) | Floating rate security. The stated interest rate represents the rate in effect at April 30, 2024. |
(2) | Variable rate demand obligation that may be tendered at par on any day for payment the lesser of 5 business days or 7 calendar days. The stated interest rate, which generally resets weekly, is determined by the remarketing agent and represents the rate in effect at April 30, 2024. |
(3) | Amount is less than 0.05%. |
(4) | When-issued security. |
(5) | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of April 30, 2024. |
At April 30, 2024, the concentration of the Fund’s investments in the various states, determined as a percentage of net assets, is as follows: |
Texas | 17.4% |
Others, representing less than 10% individually | 78.3% |
The Fund invests primarily in debt securities issued by municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. At April 30, 2024, 3.8% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 0.3% to 3.0% of total investments. |
Abbreviations: | |
AGC | – Assured Guaranty Corp. |
AGM | – Assured Guaranty Municipal Corp. |
BAM | – Build America Mutual Assurance Co. |
FHLMC | – Federal Home Loan Mortgage Corp. |
FNMA | – Federal National Mortgage Association |
GNMA | – Government National Mortgage Association |
Liq | – Liquidity Provider |
LOC | – Letter of Credit |
PSF | – Permanent School Fund |
SFMR | – Single Family Mortgage Revenue |
9
Parametric
TABS 5-to-15 Year Laddered Municipal Bond Fund
April 30, 2024
Portfolio of Investments (Unaudited) — continued
SOFR | – Secured Overnight Financing Rate |
SPA | – Standby Bond Purchase Agreement |
The Fund did not have any open derivative instruments at April 30, 2024.
Affiliated Investments
At April 30, 2024, the value of the Fund's investment in funds that may be deemed to be affiliated was $31,277,339, which represents 4.4% of the Fund's net assets. Transactions in such investments by the Fund for the fiscal year to date ended April 30, 2024 were as follows:
Name | Value, beginning of period | Purchases | Sales proceeds | Net realized gain (loss) | Change in unrealized appreciation (depreciation) | Value, end of period | Dividend income | Shares, end of period |
Short-Term Investments | ||||||||
Liquidity Fund, Institutional Class(1) | $36,302,705 | $41,048,694 | $(46,074,060) | $ — | $ — | $31,277,339 | $558,762 | 31,277,339 |
(1) | Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio. |
Fair Value Measurements
Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.
• | Level 1 – quoted prices in active markets for identical investments |
• | Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 – significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments) |
In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
At April 30, 2024, the hierarchy of inputs used in valuing the Fund's investments, which are carried at fair value, were as follows:
Asset Description | Level 1 | Level 2 | Level 3 | Total |
Tax-Exempt Municipal Obligations | $ — | $684,689,779 | $ — | $684,689,779 |
U.S. Treasury Obligations | — | 113,142 | — | 113,142 |
Short-Term Investments | 31,277,339 | — | — | 31,277,339 |
Total Investments | $31,277,339 | $684,802,921 | $ — | $716,080,260 |
For information on the Fund's policy regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent financial statements included in its semi-annual or annual report to shareholders.
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