|
|
|
|
|
|
|
|
MUNICIPAL
BONDS AND NOTES (132.1%)(a) |
|
|
Rating(RAT) |
|
Principal
amount |
Value |
|
Alabama
(2.3%) |
|
Jefferson
Cnty., Swr. Rev. Bonds |
|
|
|
|
|
|
Ser.
D, 6.50%, 10/1/53 |
|
BBB |
|
$500,000 |
$526,512 |
|
stepped-coupon
zero % (7.75%, 10/1/23), 10/1/46(STP) |
|
BBB |
|
3,950,000 |
4,122,639 |
|
Jefferson,
Cnty. Rev. Bonds, (Refunding warrants) |
|
|
|
|
|
|
5.00%,
9/15/34 |
|
AA+ |
|
2,075,000 |
2,173,178 |
|
5.00%,
9/15/33 |
|
AA+ |
|
275,000 |
288,133 |
|
|
|
|
|
|
|
|
|
|
|
|
|
7,110,462 |
|
Alaska
(1.5%) |
|
AK
State Indl. Dev. & Export Auth. Rev. Bonds, (Tanana Chiefs Conference), Ser. A, 4.00%, 10/1/49 |
|
A+/F |
|
5,000,000 |
4,557,241 |
|
|
|
|
|
|
|
|
|
|
|
|
|
4,557,241 |
|
Arizona
(4.6%) |
|
AZ
State Indl. Dev. Auth. Ed. 144A Rev. Bonds |
|
|
|
|
|
|
(BASIS
Schools, Inc.), Ser. G, 5.00%, 7/1/37 |
|
BB |
|
500,000 |
490,646 |
|
(Somerset
Academy of Las Vegas), 4.00%, 12/15/41 |
|
BB |
|
500,000 |
402,979 |
|
La
Paz Cnty., Indl. Dev. Auth. Ed. Fac. Rev. Bonds, (Harmony Pub. Schools), Ser. A |
|
|
|
|
|
|
5.00%,
2/15/48 |
|
BBB+ |
|
2,330,000 |
2,253,940 |
|
5.00%,
2/15/38 |
|
BBB+ |
|
500,000 |
502,704 |
|
Maricopa
Cnty. Indl. Dev. Auth. 144A Rev. Bonds, (Commercial Metals Co), 4.00%, 10/15/47 |
|
BB+ |
|
700,000 |
603,465 |
|
Maricopa
Cnty., Indl. Dev. Auth. Ed. Rev. Bonds, (Horizon Cmnty. Learning Ctr.), 5.00%, 7/1/35 |
|
BB+ |
|
750,000 |
724,609 |
|
Phoenix,
Indl. Dev. Auth. Ed. Rev. Bonds, (Great Hearts Academies), 5.00%, 7/1/44 |
|
BBB |
|
1,700,000 |
1,682,573 |
|
Phoenix,
Indl. Dev. Auth. Ed. 144A Rev. Bonds, (BASIS Schools, Inc.) |
|
|
|
|
|
|
Ser.
A, 5.00%, 7/1/46 |
|
BB |
|
250,000 |
229,250 |
|
5.00%,
7/1/35 |
|
BB |
|
900,000 |
901,098 |
|
Ser.
A, 5.00%, 7/1/35 |
|
BB |
|
600,000 |
600,732 |
|
Pima
Cnty., Indl. Dev. Auth. Sr. Living 144A Rev. Bonds, (La Posada at Park Centre, Inc.), 6.875%, 11/15/52 |
|
BBB+/P |
|
1,500,000 |
1,511,545 |
|
Salt
Verde, Fin. Corp. Gas Rev. Bonds |
|
|
|
|
|
|
5.50%,
12/1/29 |
|
A3 |
|
2,000,000 |
2,141,628 |
|
5.00%,
12/1/32 |
|
A3 |
|
570,000 |
604,438 |
|
Yavapai
Cnty., Indl. Dev. Auth. Hosp. Fac. Rev. Bonds, (Yavapai Regl. Med.), 5.00%, 8/1/36 |
|
A2 |
|
200,000 |
206,740 |
|
Yavapai
Cnty., Indl. Dev. Ed. Auth. Rev. Bonds, (Agribusiness & Equine Ctr.), 5.00%, 3/1/32 |
|
BB+ |
|
920,000 |
903,611 |
|
Yavapai
Cnty., Indl. Dev. Ed. Auth. 144A Rev. Bonds, Ser. A, 5.00%, 9/1/34 |
|
BB+ |
|
500,000 |
484,678 |
|
|
|
|
|
|
|
|
|
|
|
|
|
14,244,636 |
|
Arkansas
(0.8%) |
|
AR
Dev. Fin. Auth. Hlth. Care Rev. Bonds, (Baptist Health Oblig. Group) |
|
|
|
|
|
|
5.00%,
12/1/47 |
|
A |
|
600,000 |
622,198 |
|
4.00%,
12/1/44 |
|
A |
|
610,000 |
584,603 |
|
4.00%,
12/1/39 |
|
A |
|
585,000 |
570,806 |
|
4.00%,
12/1/37 |
|
A |
|
805,000 |
799,230 |
|
|
|
|
|
|
|
|
|
|
|
|
|
2,576,837 |
|
California
(12.5%) |
|
Bay
Area Toll Auth. Bridge Rev. Bonds, Ser. S-8, BAM, 3.00%, 4/1/54 |
|
AA |
|
2,080,000 |
1,560,194 |
|
CA
Cmnty. Hsg. Agcy. Essential Hsg. 144A Rev. Bonds |
|
|
|
|
|
|
(Aster
Apt.), Ser. A-1, 4.00%, 2/1/56 |
|
BB+/P |
|
475,000 |
391,839 |
|
(Fountains
at Emerald Park), 4.00%, 8/1/46 |
|
BB-/P |
|
2,460,000 |
2,006,699 |
|
CA
Hsg. Fin. Agcy. Muni. Certif. Rev. Bonds, Ser. 21-1, Class A, 3.50%, 11/20/35 |
|
BBB+ |
|
1,665,363 |
1,560,463 |
|
CA
Pub. State Fin. Auth. Sr. Living 144A Rev. Bonds, (Enso Village Project), Ser. A, 5.00%, 11/15/56 |
|
B-/P |
|
750,000 |
651,068 |
|
CA
School Fin. Auth. Rev. Bonds, (2023 Union, LLC), Ser. A, 6.00%, 7/1/33 |
|
BBB- |
|
465,000 |
465,559 |
|
CA
State Charter School Fin. Auth. 144A Rev. Bonds, (Aspire Pub. Schools Oblig. Group), Ser. A, 5.00%, 8/1/59 |
|
BBB |
|
1,120,000 |
1,087,183 |
|
CA
State Infrastructure & Econ. Dev. Bank 144A Rev. Bonds, (WFCS Holdings II, LLC), Ser. B, zero %, 1/1/61 |
|
B-/P |
|
4,430,000 |
239,690 |
|
CA
State Muni. Fin. Auth. Rev. Bonds, (Orchard Park Student Hsg.), BAM, 3.00%, 5/15/54 |
|
AA |
|
2,410,000 |
1,771,821 |
|
CA
State Poll. Control Fin. Auth. 144A Rev. Bonds, (Wtr. Furnishing), 5.00%, 11/21/45 |
|
Baa3 |
|
1,000,000 |
995,029 |
|
CA
State Tobacco Securitization Agcy. Rev. Bonds, (Gold Country Settlement Funding Corp.), Ser. B-2, zero %, 6/1/55 |
|
BB/P |
|
5,570,000 |
1,219,267 |
|
CMFA
Special Fin. Agcy. I 144A Rev. Bonds, (Social Bond), Ser. A-2, 4.00%, 4/1/56 |
|
BB/P |
|
2,500,000 |
1,815,256 |
|
CSCDA
Cmnty. Impt. Auth. Rev. Bonds, (Pasadena Portfolio), Ser. A-2, 3.00%, 12/1/56 |
|
BBB-/P |
|
2,000,000 |
1,327,721 |
|
CSCDA
Cmnty. Impt. Auth. 144A Rev. Bonds |
|
|
|
|
|
|
(Anaheim),
4.00%, 8/1/56 |
|
BB/P |
|
2,725,000 |
2,068,951 |
|
(Jefferson-Anaheim),
3.125%, 8/1/56 |
|
BB+/P |
|
1,125,000 |
767,960 |
|
(Jefferson-Anaheim),
2.875%, 8/1/41 |
|
BB+/P |
|
920,000 |
798,862 |
|
Golden
State Tobacco Securitization Corp. Rev. Bonds, Ser. B-2, zero %, 6/1/66 |
|
BB+/P |
|
20,675,000 |
2,227,911 |
|
Hastings
Campus HFA Rev. Bonds, (U. of CA Hastings College of the Law), Ser. A, 5.00%, 7/1/61 |
|
BB-/P |
|
1,200,000 |
971,542 |
|
Los
Angeles, Dept. of Arpt. Rev. Bonds, (Green Bond) |
|
|
|
|
|
|
5.25%,
5/15/48 |
|
Aa3 |
|
750,000 |
809,006 |
|
4.125%,
5/15/43 |
|
Aa3 |
|
500,000 |
494,132 |
|
Palm
Desert, Special Tax, (Cmnty. Fac. Dist. 2021-1), 4.00%, 9/1/41 |
|
B+/P |
|
450,000 |
410,770 |
|
Regents
of the U. of CA Med. Ctr. (The) Rev. Bonds, Ser. P, 5.00%, 5/15/41(T) |
|
Aa3 |
|
6,000,000 |
6,751,709 |
|
Sacramento,
Special Tax, (Greenbriar Cmnty. Fac. Dist. No 2018-03), 4.00%, 9/1/46 |
|
BB/P |
|
700,000 |
617,927 |
|
San
Francisco, City & Cnty. Dev. 144A Special Tax, (Dist. No. 2020-1 Mission Rock Fac. & Svcs.), Ser. A, 4.00%, 9/1/41 |
|
B+/P |
|
500,000 |
438,649 |
|
San
Francisco, City & Cnty. Redev. Agcy. Cmnty. Successor Special Tax Bonds, (No. 6 Mission Bay Pub. Impts.), Ser. C |
|
|
|
|
|
|
zero
%, 8/1/43 |
|
BBB/P |
|
2,000,000 |
623,057 |
|
zero
%, 8/1/38 |
|
BBB/P |
|
2,000,000 |
840,602 |
|
San
Joaquin Hills, Trans. Corridor Agcy. Toll Road Rev. Bonds, Ser. A |
|
|
|
|
|
|
4.00%,
1/15/45 |
|
A |
|
400,000 |
390,857 |
|
4.00%,
1/15/44 |
|
A |
|
100,000 |
97,947 |
|
4.00%,
1/15/42 |
|
A |
|
500,000 |
494,900 |
|
4.00%,
1/15/41 |
|
A |
|
500,000 |
498,621 |
|
Santa
Clara Cnty., Fin. Auth. Rev. Bonds, Ser. Q, 3.00%, 5/15/34 |
|
AA+ |
|
4,000,000 |
3,810,839 |
|
Sunnyvale,
Special Tax Bonds, (Cmnty. Fac. Dist. No. 1), 7.75%, 8/1/32 |
|
B+/P |
|
730,000 |
732,348 |
|
|
|
|
|
|
|
|
|
|
|
|
|
38,938,379 |
|
Colorado
(2.4%) |
|
CO
State Edl. & Cultural Auth. Rev. Bonds, (Aspen View Academy, Inc.) |
|
|
|
|
|
|
4.00%,
5/1/61 |
|
Baa3 |
|
550,000 |
424,979 |
|
4.00%,
5/1/51 |
|
Baa3 |
|
350,000 |
283,284 |
|
4.00%,
5/1/41 |
|
Baa3 |
|
175,000 |
152,835 |
|
4.00%,
5/1/36 |
|
Baa3 |
|
150,000 |
140,220 |
|
CO
State Educ. & Cultural Fac. Auth. Rev. Bonds, (Skyview Academy), 5.125%, 7/1/34 |
|
BB |
|
755,000 |
756,801 |
|
CO
State Hlth. Fac. Auth. Hosp. Rev. Bonds, (Christian Living Neighborhood) |
|
|
|
|
|
|
5.00%,
1/1/37 |
|
BB/P |
|
1,250,000 |
1,135,869 |
|
5.00%,
1/1/31 |
|
BB/P |
|
500,000 |
479,926 |
|
Park
Creek, Metro. Dist. Tax Alloc. Bonds, (Sr. Ltd. Property Tax Supported), Ser. A, 5.00%, 12/1/45 |
|
A/F |
|
225,000 |
225,881 |
|
Plaza,
Tax Alloc. Bonds, (Metro. Dist. No. 1), 5.00%, 12/1/40 |
|
BB-/P |
|
1,650,000 |
1,577,806 |
|
RainDance
Metro. Dist. No. 1 Rev. Bonds, (Non-Potable Wtr. Enterprise), 5.25%, 12/1/50 |
|
B+/P |
|
875,000 |
792,705 |
|
Rampart
Range Metro. Distr. Rev. Bonds, (Dist. No. 5), 4.00%, 12/1/41 |
|
BB-/P |
|
1,000,000 |
781,261 |
|
Southlands,
Metro. Dist. No. 1 G.O. Bonds, Ser. A-1, 5.00%, 12/1/37 |
|
Ba1 |
|
500,000 |
494,524 |
|
Sterling
Ranch Cmnty. Auth. Board Rev. Bonds, (Metro. Dist. No. 2), Ser. A, 4.25%, 12/1/50 |
|
BB/P |
|
450,000 |
376,477 |
|
|
|
|
|
|
|
|
|
|
|
|
|
7,622,568 |
|
Connecticut
(0.5%) |
|
Harbor
Point Infrastructure Impt. Dist. 144A Tax Alloc. Bonds, (Harbor Point Ltd.), 5.00%, 4/1/39 |
|
BB/P |
|
1,500,000 |
1,504,377 |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,504,377 |
|
Delaware
(1.0%) |
|
DE
State Econ. Dev. Auth. Rev. Bonds |
|
|
|
|
|
|
(ASPIRA
of Delaware Charter Operations, Inc.), Ser. A, 5.00%, 6/1/51 |
|
BB |
|
1,035,000 |
901,984 |
|
(ASPIRA
Charter School), Ser. A, 5.00%, 6/1/36 |
|
BB |
|
705,000 |
688,001 |
|
Millsboro
Special Oblig. 144A Special Tax, (Plantation Lakes), 5.25%, 7/1/48 |
|
BB-/P |
|
999,000 |
965,348 |
|
Millsboro
Special Oblig. 144A Tax Alloc. Bonds, (Plantation Lakes Special Dev. Dist.), 5.125%, 7/1/38 |
|
BB-/P |
|
490,000 |
484,346 |
|
|
|
|
|
|
|
|
|
|
|
|
|
3,039,679 |
|
District
of Columbia (5.4%) |
|
DC
Rev. Bonds |
|
|
|
|
|
|
(Plenary
Infrastructure DC, LLC), 5.50%, 8/31/36 |
|
A3 |
|
1,365,000 |
1,540,566 |
|
(Plenary
Infrastructure DC, LLC), 5.50%, 8/31/35 |
|
A3 |
|
1,140,000 |
1,295,449 |
|
(Ingleside
at Rock Creek), Ser. A, 5.00%, 7/1/52 |
|
BB-/P |
|
1,000,000 |
826,783 |
|
(DC
Intl. School), 5.00%, 7/1/49 |
|
BBB |
|
1,275,000 |
1,260,900 |
|
(Latin
American Montessori Bilingual Pub. Charter School Oblig. Group), 5.00%, 6/1/40 |
|
BB+ |
|
1,500,000 |
1,435,695 |
|
(DC
Intl. School), 5.00%, 7/1/39 |
|
BBB |
|
400,000 |
404,337 |
|
(KIPP
DC), 4.00%, 7/1/44 |
|
BBB+ |
|
750,000 |
653,391 |
|
DC
144A Rev. Bonds, (Rocketship DC Oblig. Group), Ser. 21-A, 5.00%, 6/1/61 |
|
BB/P |
|
400,000 |
337,312 |
|
DC
Tobacco Settlement Fin. Corp. Rev. Bonds, Ser. A, zero %, 6/15/46 |
|
CCC/P |
|
7,500,000 |
1,752,239 |
|
Metro.
DC Arpt. Auth. Rev. Bonds, Ser. A, 5.25%, 10/1/53 |
|
Aa3 |
|
5,000,000 |
5,340,553 |
|
Metro.
Washington DC, Arpt. Auth. Dulles Toll Rd. Rev. Bonds |
|
|
|
|
|
|
(Dulles
Metrorail & Cap. Impt. Proj.) 4.00%, 10/1/53(T) |
|
A- |
|
1,065,000 |
994,113 |
|
(Dulles
Metrorail & Cap. Impt. Proj.) Ser. B, 4.00%, 10/1/44(T) |
|
A- |
|
1,060,000 |
1,029,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
16,870,338 |
|
Florida
(7.7%) |
|
Cap.
Trust Agcy. Rev. Bonds, (Wonderful Foundation Charter School Holdings, LLC), zero %, 1/1/60 |
|
B/P |
|
6,000,000 |
337,698 |
|
Cap.
Trust Agcy. 144A Rev. Bonds |
|
|
|
|
|
|
(WFCS
Holdings II, LLC), Ser. A-1, 5.00%, 1/1/56 |
|
BB/P |
|
900,000 |
703,187 |
|
(Wonderful
Foundation Charter School Holdings, LLC), 4.50%, 1/1/35 |
|
BB-/P |
|
750,000 |
681,540 |
|
Charlotte
Cnty., Indl. Dev. Auth. Util. Syst. 144A Rev. Bonds, (MSKP Town & Country Util., LLC), Ser. A, 4.00%, 10/1/41 |
|
B+/P |
|
1,000,000 |
878,015 |
|
FL
State Dev. Fin Corp. Sr. Living Rev. Bonds, (Glenridge on Palmer Ranch Oblig. Group), 5.00%, 6/1/51 |
|
BB/P |
|
700,000 |
575,678 |
|
FL
State Dev. Fin. Corp. Ed. Fac. 144A Rev. Bonds, (Drs. Kiran & Pallavi Patel 2017 Foundation for Global Understanding, Inc.), 4.00%,
7/1/51 |
|
BB/P |
|
500,000 |
409,583 |
|
FL
State Higher Edl. Fac. Financial Auth. Rev. Bonds, (St. Leo U.), 5.00%, 3/1/44 |
|
BB |
|
1,370,000 |
1,218,125 |
|
Halifax
Hosp. Med. Ctr. Rev. Bonds, 5.00%, 6/1/36 |
|
A- |
|
1,300,000 |
1,335,227 |
|
Lake
Cnty., Retirement Fac. Rev. Bonds, (Waterman Cmnty., Inc.), 5.75%, 8/15/55 |
|
B/P |
|
750,000 |
649,496 |
|
Lakewood
Ranch, Stewardship Dist. Special Assessment Bonds, (Village of Lakewood Ranch South), 5.125%, 5/1/46 |
|
B+/P |
|
745,000 |
729,688 |
|
Lakewood
Ranch, Stewardship Dist. Special Assmt., (Azario), 4.00%, 5/1/40 |
|
B+/P |
|
1,000,000 |
872,232 |
|
Lakewood
Ranch, Stewardship Dist. 144A Special Assmt., 4.00%, 5/1/50 |
|
B/P |
|
250,000 |
198,745 |
|
Miami-Dade
Cnty., Indl. Dev. Auth. Rev. Bonds, (Pinecrest Academy, Inc.), 5.00%, 9/15/34 |
|
BBB |
|
1,240,000 |
1,257,698 |
|
Orange
Cnty., Hlth. Fac. Auth. Rev. Bonds, (Orlando Hlth.), 5.00%, 10/1/53 |
|
A+ |
|
4,000,000 |
4,193,320 |
|
Palm
Beach Cnty., Rev. Bonds, (Lynn U. Hsg.), Ser. A, 5.00%, 6/1/57 |
|
B+/P |
|
625,000 |
537,279 |
|
Palm
Beach Cnty., 144A Rev. Bonds, (PBAU Hsg.), Ser. A, 5.00%, 4/1/39 |
|
Ba1 |
|
1,600,000 |
1,587,882 |
|
Pinellas
Cnty., Indl. Dev. Auth. Rev. Bonds, (2017 Foundation for Global Understanding, Inc.), 5.00%, 7/1/39 |
|
BBB+/P |
|
1,690,000 |
1,698,514 |
|
Sarasota
Cnty., Hlth. Fac. Auth. Rev. Bonds, (Village on the Isle), Ser. A, 5.00%, 1/1/37 |
|
BB+/F |
|
1,000,000 |
924,321 |
|
Sarasota
Cnty., Pub. Hosp. Dist. Rev. Bonds, (Sarasota Memorial Hosp.), 4.00%, 7/1/48 |
|
A1 |
|
1,500,000 |
1,405,872 |
|
St.
John's Cnty., Indl. Dev. Auth. Rev. Bonds, (Life Care Ponte Vedra Oblig. Group), Ser. A |
|
|
|
|
|
|
4.00%,
12/15/41 |
|
BB+/F |
|
500,000 |
397,158 |
|
4.00%,
12/15/36 |
|
BB+/F |
|
355,000 |
304,431 |
|
Verandah,
West Cmnty. Dev. Dist. Special Assmt. Bonds, (Cap. Impt.), 5.00%, 5/1/33 |
|
B+/P |
|
490,000 |
490,090 |
|
Village
Cmnty. Dev. Dist. No. 12 144A Special Assessment Bonds, 4.00%, 5/1/33 |
|
BB-/P |
|
685,000 |
680,328 |
|
Village,
144A Special Assmt., (Village Cmnty. Dev. Dist. No. 13), 3.25%, 5/1/40 |
|
BB-/P |
|
2,430,000 |
1,958,501 |
|
|
|
|
|
|
|
|
|
|
|
|
|
24,024,608 |
|
Georgia
(6.2%) |
|
Cobb
Cnty., Dev. Auth. Student Hsg. Rev. Bonds, (Kennesaw State U. Real Estate) |
|
|
|
|
|
|
5.00%,
7/15/38 |
|
Baa2 |
|
740,000 |
739,981 |
|
5.00%,
7/15/38 (Prerefunded 7/15/25) |
|
AAA/P |
|
25,000 |
25,868 |
|
5.00%,
7/15/30 |
|
Baa2 |
|
685,000 |
691,446 |
|
5.00%,
7/15/30 (Prerefunded 7/15/25) |
|
AAA/P |
|
15,000 |
15,521 |
|
Coweta
Cnty., Dev. Auth. Rev. Bonds, (Piedmont Healthcare, Inc.), 5.00%, 7/1/44 |
|
AA- |
|
4,000,000 |
4,157,444 |
|
Gainesville
and Hall Cnty., Hosp. Auth. Rev. Bonds, (Northeast GA Hlth. Syst.), 3.00%, 2/15/51 |
|
A |
|
2,000,000 |
1,449,510 |
|
Geo
L Smith II GA Congress Ctr. 144A Rev. Bonds, (Signia Hotel Mgt., LLC.) |
|
|
|
|
|
|
5.00%,
1/1/54 |
|
BB-/P |
|
1,480,000 |
1,246,953 |
|
5.00%,
1/1/36 |
|
BB-/P |
|
850,000 |
804,230 |
|
Main
Street Natural Gas, Inc. Gas Supply Rev. Bonds, Ser. A, 5.00%, 5/15/34 |
|
A2 |
|
3,345,000 |
3,432,784 |
|
Muni.
Election Auth. of GA Rev. Bonds, (Plant Vogtle Units 3 & 4) |
|
|
|
|
|
|
Ser.
A, 5.50%, 7/1/60 |
|
A |
|
2,000,000 |
2,023,382 |
|
AGM,
5.00%, 7/1/48 |
|
AA |
|
1,500,000 |
1,586,755 |
|
AGM,
5.00%, 7/1/48 |
|
AA |
|
1,000,000 |
1,057,837 |
|
Ser.
A, 4.00%, 1/1/59 |
|
A2 |
|
2,000,000 |
1,799,327 |
|
Ser.
A, 4.00%, 1/1/49 |
|
A2 |
|
500,000 |
462,599 |
|
|
|
|
|
|
|
|
|
|
|
|
|
19,493,637 |
|
Illinois
(16.5%) |
|
Chicago,
G.O. Bonds |
|
|
|
|
|
|
Ser.
A, 5.50%, 1/1/49 |
|
BBB+ |
|
1,000,000 |
1,045,693 |
|
Ser.
A, 5.00%, 1/1/40 |
|
BBB+ |
|
2,000,000 |
2,061,448 |
|
Ser.
A, 5.00%, 1/1/30 |
|
BBB+ |
|
1,800,000 |
1,939,622 |
|
Ser.
B, 4.00%, 1/1/38 |
|
BBB+ |
|
2,747,000 |
2,618,276 |
|
Chicago,
Special Assmt. |
|
|
|
|
|
|
3.38%,
12/1/31 |
|
BBB/P |
|
341,000 |
313,009 |
|
3.04%,
12/1/28 |
|
BBB/P |
|
241,000 |
225,177 |
|
Chicago,
Board of Ed. G.O. Bonds |
|
|
|
|
|
|
Ser.
C, 5.25%, 12/1/39 |
|
BB+ |
|
1,500,000 |
1,502,940 |
|
Ser.
A, 5.00%, 12/1/47 |
|
BB+ |
|
1,750,000 |
1,735,279 |
|
Ser.
A, 5.00%, 12/1/40 |
|
BB+ |
|
500,000 |
503,937 |
|
Ser.
H, 5.00%, 12/1/36 |
|
BB+ |
|
2,100,000 |
2,118,769 |
|
Chicago,
O'Hare Intl. Arpt. Rev. Bonds, Ser. A |
|
|
|
|
|
|
AGM,
5.50%, 1/1/53 |
|
AA |
|
10,000,000 |
10,623,801 |
|
5.00%,
1/1/38 |
|
A+ |
|
700,000 |
731,142 |
|
Cook
Cnty., G.O. Bonds, 5.00%, 11/15/35 |
|
A+ |
|
500,000 |
511,353 |
|
Du
Page Cnty., Special Svc. Area No. 31 Special Tax Bonds, (Monarch Landing), 5.625%, 3/1/36 |
|
B/P |
|
273,000 |
270,547 |
|
IL
State G.O. Bonds |
|
|
|
|
|
|
Ser.
B, 5.25%, 5/1/41 |
|
A3 |
|
3,100,000 |
3,349,011 |
|
Ser.
A, 5.00%, 5/1/38 |
|
A3 |
|
1,000,000 |
1,042,070 |
|
IL
State Fin. Auth. Rev. Bonds |
|
|
|
|
|
|
(Plymouth
Place Oblig. Group), 5.00%, 5/15/56 |
|
BB+/F |
|
815,000 |
631,959 |
|
(Plymouth
Place Oblig. Group), 5.00%, 5/15/51 |
|
BB+/F |
|
1,000,000 |
795,250 |
|
(Plymouth
Place Oblig. Group), 5.00%, 5/15/41 |
|
BB+/F |
|
400,000 |
342,896 |
|
(Southern
IL Healthcare Enterprises, Inc.), 5.00%, 3/1/33 |
|
A |
|
700,000 |
728,053 |
|
IL
State Fin. Auth. Student Hsg. & Academic Fac. Rev. Bonds |
|
|
|
|
|
|
(CHF-Chicago,
LLC), 5.00%, 2/15/47 |
|
Baa3 |
|
1,500,000 |
1,409,159 |
|
(U.
of IL-CHF-Chicago, LLC), Ser. A, 5.00%, 2/15/37 |
|
Baa3 |
|
1,200,000 |
1,191,332 |
|
Metro.
Pier & Exposition Auth. Rev. Bonds |
|
|
|
|
|
|
(McCormick
Place Expansion), Ser. A, 5.00%, 6/15/50 |
|
A |
|
3,000,000 |
3,044,894 |
|
(McCormick
Place Expansion), 4.00%, 6/15/52 |
|
A |
|
1,000,000 |
912,443 |
|
4.00%,
12/15/47 |
|
A |
|
2,100,000 |
1,958,845 |
|
(McCormick
Place Expansion), Ser. B, stepped-coupon zero % (4.95%, 6/15/31), 12/15/47(STP) |
|
A |
|
1,500,000 |
999,077 |
|
Metro.
Wtr. Reclamation Dist. of Greater Chicago G.O. Bonds, Ser. A, 5.00%, 12/1/31 |
|
AA+ |
|
1,000,000 |
1,054,618 |
|
Northern
IL U. Rev. Bonds, Ser. B, BAM |
|
|
|
|
|
|
5.00%,
4/1/33 |
|
AA |
|
625,000 |
662,630 |
|
5.00%,
4/1/31 |
|
AA |
|
500,000 |
535,247 |
|
4.00%,
4/1/40 |
|
AA |
|
610,000 |
580,151 |
|
4.00%,
4/1/39 |
|
AA |
|
500,000 |
483,755 |
|
Sales
Tax Securitization Corp. Rev. Bonds |
|
|
|
|
|
|
Ser.
C, 5.50%, 1/1/36 |
|
AA- |
|
2,000,000 |
2,180,479 |
|
Ser.
A, 5.00%, 1/1/36 |
|
AA- |
|
1,600,000 |
1,714,218 |
|
Ser.
A, 4.00%, 1/1/38 |
|
AA- |
|
1,750,000 |
1,751,402 |
|
|
|
|
|
|
|
|
|
|
|
|
|
51,568,482 |
|
Indiana
(0.2%) |
|
IN
State Fin. Auth. Student Hsg. Rev. Bonds, (CHF - Tippecanoe, LLC), 5.125%, 6/1/58 |
|
BBB- |
|
500,000 |
510,224 |
|
|
|
|
|
|
|
|
|
|
|
|
|
510,224 |
|
Iowa
(0.3%) |
|
IA
Tobacco Settlement Auth. Rev. Bonds, Ser. B-1, Class 2, 4.00%, 6/1/49 |
|
BBB+ |
|
815,000 |
807,184 |
|
|
|
|
|
|
|
|
|
|
|
|
|
807,184 |
|
Kansas
(0.2%) |
|
Wichita,
Hlth. Care Fac. Rev. Bonds, (Presbyterian Manors), Ser. I, 5.00%, 5/15/33 |
|
BB-/P |
|
500,000 |
435,090 |
|
Wyandotte,
Cnty./Kansas City, Unified Govt. 144A Rev. Bonds, (Legends Apt. Garage & West Lawn), 4.50%, 6/1/40 |
|
BB+/P |
|
370,000 |
341,943 |
|
|
|
|
|
|
|
|
|
|
|
|
|
777,033 |
|
Kentucky
(0.5%) |
|
KY
Econ. Dev. Fin. Auth. Rev. Bonds, (Masonic Home Indpt. Living), 5.00%, 5/15/46 |
|
BB/P |
|
1,000,000 |
742,773 |
|
KY
State Econ. Dev. Fin. Auth. Rev. Bonds, (Owensboro Hlth.), Ser. A, 5.25%, 6/1/41 |
|
Baa2 |
|
125,000 |
127,851 |
|
KY
State Econ. Dev. Fin. Auth. Hlth. Care Rev. Bonds, (Masonic Homes of KY), 5.375%, 11/15/42 |
|
BB-/P |
|
900,000 |
744,741 |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,615,365 |
|
Louisiana
(2.0%) |
|
LA
Pub. Fac. Auth. Rev. Bonds |
|
|
|
|
|
|
(Tulane
U.), Ser. A, 5.00%, 10/15/48 |
|
A1 |
|
1,000,000 |
1,070,120 |
|
(U.
of Tulane), 4.00%, 12/15/50 (Prerefunded 12/15/27) |
|
AAA/P |
|
20,000 |
20,880 |
|
LA
State Pub. Fac. Auth. Rev. Bonds, (LA State U. Greenhouse Phase III), Ser. A, 5.00%, 7/1/59 |
|
A3 |
|
1,500,000 |
1,517,503 |
|
St.
John The Baptist Parish Mandatory Put Bonds (7/1/26), (Marathon Oil Corp.), Ser. A-3, 2.20%, 6/1/37 |
|
Baa3 |
|
3,500,000 |
3,304,317 |
|
St.
Tammany, Public Trust Fin. Auth. Rev. Bonds, (Christwood), 5.25%, 11/15/37 |
|
BB/P |
|
385,000 |
360,678 |
|
|
|
|
|
|
|
|
|
|
|
|
|
6,273,498 |
|
Maine
(0.2%) |
|
ME
State Fin. Auth. Solid Waste Disp. 144A Mandatory Put Bonds (8/1/25), (Casella Waste Syst.), 5.125%, 8/1/35 |
|
B1 |
|
500,000 |
504,100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
504,100 |
|
Maryland
(1.5%) |
|
Brunswick,
Special Tax, 5.00%, 7/1/36 |
|
B+/P |
|
549,000 |
556,263 |
|
Frederick
Cnty., Special Tax Bonds, (Oakdale-Lake Linganore), 3.75%, 7/1/39 |
|
BB/P |
|
1,410,000 |
1,242,822 |
|
Frederick
Cnty., Edl. Fac. 144A Rev. Bonds, (Mount St. Mary's U.), Ser. A, 5.00%, 9/1/37 |
|
BB+ |
|
500,000 |
481,385 |
|
MD
State Econ. Dev. Corp. Tax Alloc. Bonds, (Port Covington) |
|
|
|
|
|
|
4.00%,
9/1/50 |
|
B+/P |
|
750,000 |
631,511 |
|
4.00%,
9/1/40 |
|
B+/P |
|
755,000 |
677,770 |
|
Prince
Georges Cnty., Special Oblig. 144A Tax Alloc. Bonds, (Westphalia Town Ctr.), 5.125%, 7/1/39 |
|
B/P |
|
1,000,000 |
991,902 |
|
Westminster,
Rev. Bonds, (Lutheran Village at Miller's Grant, Inc. (The)), Ser. A, 6.00%, 7/1/34 |
|
BB+/P |
|
250,000 |
251,949 |
|
|
|
|
|
|
|
|
|
|
|
|
|
4,833,602 |
|
Massachusetts
(4.0%) |
|
Lowell,
Collegiate Charter School Rev. Bonds |
|
|
|
|
|
|
5.00%,
6/15/54 |
|
BB-/P |
|
1,250,000 |
1,157,569 |
|
5.00%,
6/15/39 |
|
BB-/P |
|
1,000,000 |
978,507 |
|
MA
State G.O. Bonds, Ser. E, 5.00%, 11/1/47 |
|
Aa1 |
|
7,950,000 |
8,723,569 |
|
MA
State Dev. Fin. Agcy. 144A Rev. Bonds, (Linden Ponds, Inc. Fac.) |
|
|
|
|
|
|
5.125%,
11/15/46 |
|
A/F |
|
1,000,000 |
1,010,776 |
|
5.00%,
11/15/38 |
|
A/F |
|
500,000 |
507,961 |
|
MA
State Dev. Fin. Agcy. Hlth. Care Fac. 144A Rev. Bonds, (Adventcare), Ser. A, 6.65%, 10/15/28 (In default)(NON) |
|
D/P |
|
995,000 |
9,950 |
|
|
|
|
|
|
|
|
|
|
|
|
|
12,388,332 |
|
Michigan
(5.4%) |
|
Detroit,
G.O. Bonds |
|
|
|
|
|
|
5.00%,
4/1/37 |
|
Ba1 |
|
750,000 |
760,606 |
|
(Fin.
Recvy.), Ser. B-1, 4.00%, 4/1/44 |
|
BB/P |
|
2,900,000 |
2,161,050 |
|
Flint,
Hosp. Bldg. Auth. Rev. Bonds, Ser. A, 5.25%, 7/1/39 |
|
Ba1 |
|
750,000 |
750,037 |
|
Kentwood,
Economic Dev. Corp. Rev. Bonds, (Holland Home Obligated Group) |
|
|
|
|
|
|
5.00%,
11/15/41 |
|
BBB-/F |
|
1,000,000 |
911,517 |
|
5.00%,
11/15/32 |
|
BBB-/F |
|
1,250,000 |
1,228,965 |
|
MI
State Fin. Auth. Ltd. Oblig. Rev. Bonds, (Lawrence Technological U.), 5.00%, 2/1/47 |
|
BBB- |
|
2,150,000 |
2,002,572 |
|
MI
State Fin. Auth. Ltd. Oblig. Higher Ed. Fac. Rev. Bonds, (Aquinas College), 5.00%, 5/1/46 |
|
BB/P |
|
1,000,000 |
836,485 |
|
MI
State Hsg. Dev. Auth. Rev. Bonds, Ser. A, 2.73%, 10/1/59 |
|
AA+ |
|
1,000,000 |
622,022 |
|
MI
State Strategic Fund Ltd. Oblig. Rev. Bonds, (Holland Home Oblig. Group), 5.00%, 11/15/43 |
|
BBB-/F |
|
500,000 |
448,766 |
|
Pontiac
City, G.O. Bonds, (Pontiac School Dist.), Q-SBLF |
|
|
|
|
|
|
4.00%,
5/1/50(T) |
|
Aa1 |
|
4,023,000 |
3,762,724 |
|
4.00%,
5/1/45(T) |
|
Aa1 |
|
3,576,000 |
3,395,143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
16,879,887 |
|
Minnesota
(0.9%) |
|
Baytown
Twp., Lease Rev. Bonds, Ser. A, 4.00%, 8/1/41 |
|
BB+ |
|
380,000 |
305,800 |
|
Ham
Lake, Charter School Lease Rev. Bonds, (DaVinci Academy of Arts & Science), Ser. A, 5.00%, 7/1/47 |
|
BB-/P |
|
500,000 |
448,582 |
|
MN
State Higher Ed. Fac. Auth. Rev. Bonds, (Augsburg U.), Ser. A, 5.00%, 5/1/46 |
|
Ba1 |
|
1,250,000 |
1,131,749 |
|
St.
Paul, Port Auth. Lease Rev. Bonds, (Regions Hosp. Pkg. Ramp), Ser. 1, 5.00%, 8/1/36 |
|
A-/P |
|
1,020,000 |
1,020,146 |
|
|
|
|
|
|
|
|
|
|
|
|
|
2,906,277 |
|
Missouri
(2.8%) |
|
Cape
Girardeau Cnty., Indl. Dev. Auth. Rev. Bonds, (SoutheastHEALTH Oblig. Group), 4.00%, 3/1/41 |
|
Ba1 |
|
1,500,000 |
1,284,629 |
|
MI
State Hlth. & Edl. Fac. Rev. Bonds |
|
|
|
|
|
|
(U
of Hlth. Sciences & Pharmacy), 4.00%, 5/1/43 |
|
BBB- |
|
2,270,000 |
1,872,363 |
|
(U.
of Hlth. Sciences & Pharmacy in St. Louis), 4.00%, 5/1/38 |
|
BBB- |
|
900,000 |
788,821 |
|
MI
State Hlth. & Edl. Fac. 144A Rev. Bonds, (U. of Hlth. Sciences & Pharmacy in St. Louis), 4.00%, 5/1/45(FWC) |
|
BBB- |
|
1,900,000 |
1,524,787 |
|
Saint
Louis, Indl. Dev. Auth. Fin. Rev. Bonds, (Ballpark Village Dev.), Ser. A, 4.75%, 11/15/47 |
|
BB-/P |
|
875,000 |
646,801 |
|
St.
Louis Cnty., Indl. Dev. Auth. Sr. Living Fac. Rev. Bonds, (Friendship Village), 5.25%, 9/1/53 |
|
BB+/F |
|
3,250,000 |
2,780,388 |
|
|
|
|
|
|
|
|
|
|
|
|
|
8,897,789 |
|
Nevada
(0.8%) |
|
Clark
Cnty., Impt. Dist. No. 159 Special Assessment Bonds, (Summerlin Village 16A), 5.00%, 8/1/32 |
|
B+/P |
|
400,000 |
403,933 |
|
Las
Vegas, Special Assmt. Bonds |
|
|
|
|
|
|
(Dist.
No. 815), 5.00%, 12/1/49 |
|
B+/P |
|
620,000 |
590,335 |
|
(Special
Impt. Dist. No. 816), 3.00%, 6/1/41 |
|
BB-/P |
|
650,000 |
474,860 |
|
Las
Vegas, Impt. Dist. No. 812 Special Assessment Bonds, (Summerlin Village 24), 5.00%, 12/1/35 |
|
B/P |
|
215,000 |
216,420 |
|
Las
Vegas, Special Impt. Dist. No. 814 Special Assmt., (Summerlin Village No. 21 and 24A) |
|
|
|
|
|
|
4.00%,
6/1/44 |
|
BB-/P |
|
610,000 |
523,780 |
|
4.00%,
6/1/39 |
|
BB-/P |
|
430,000 |
388,332 |
|
|
|
|
|
|
|
|
|
|
|
|
|
2,597,660 |
|
New
Hampshire (0.4%) |
|
NH
State Hlth. & Ed. Fac. Auth. Rev. Bonds |
|
|
|
|
|
|
(Elliot
Hosp.), 5.00%, 10/1/38 |
|
A3 |
|
250,000 |
250,525 |
|
(Southern
NH Med. Ctr.), 5.00%, 10/1/37 |
|
A- |
|
1,000,000 |
1,016,486 |
|
NH
State Hlth. & Ed. Fac. Auth. 144A Rev. Bonds, (Hillside Village), Ser. A, 6.25%, 7/1/42 (In default)(NON) |
|
D/P |
|
626,090 |
137,740 |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,404,751 |
|
New
Jersey (3.0%) |
|
NJ
State Econ. Dev. Auth. Rev. Bonds |
|
|
|
|
|
|
(Ashland
School, Inc.), 6.00%, 10/1/33 |
|
BBB |
|
950,000 |
954,043 |
|
(NYNJ
Link Borrower, LLC), 5.375%, 1/1/43 |
|
BBB+ |
|
1,000,000 |
1,002,399 |
|
(North
Star Academy Charter School of Newark, Inc.), 5.00%, 7/15/47 |
|
BBB- |
|
1,000,000 |
1,004,077 |
|
NJ
State Econ. Dev. Auth. Fac. Rev. Bonds, (Continental Airlines, Inc.), 5.625%, 11/15/30 |
|
Ba3 |
|
500,000 |
507,386 |
|
NJ
State Econ. Dev. Auth. Special Fac. Rev. Bonds, (Port Newark Container Term., LLC), 5.00%, 10/1/37 |
|
Baa2 |
|
1,500,000 |
1,542,423 |
|
NJ
State Trans. Trust Fund Auth. Rev. Bonds, Ser. AA |
|
|
|
|
|
|
5.00%,
6/15/38 |
|
A2 |
|
1,800,000 |
1,899,002 |
|
5.00%,
6/15/37 |
|
A2 |
|
400,000 |
438,518 |
|
5.00%,
6/15/36 |
|
A2 |
|
475,000 |
524,630 |
|
Passaic
Cnty., Impt. Auth. Rev. Bonds, (Paterson Arts & Science Charter School), 5.50%, 7/1/58 |
|
BBB- |
|
450,000 |
454,563 |
|
South
Jersey, Trans. Auth. Syst. Rev. Bonds, Ser. A, BAM, 5.25%, 11/1/52 |
|
AA |
|
1,000,000 |
1,097,596 |
|
|
|
|
|
|
|
|
|
|
|
|
|
9,424,637 |
|
New
Mexico (0.1%) |
|
Sante
Fe, Retirement Fac. Rev. Bonds, (El Castillo Retirement Residences), Ser. A, 5.00%, 5/15/39 |
|
BB+/F |
|
500,000 |
445,176 |
|
|
|
|
|
|
|
|
|
|
|
|
|
445,176 |
|
New
York (7.9%) |
|
Metro.
Trans. Auth. Rev. Bonds, Ser. C-1, 4.00%, 11/15/35 |
|
A3 |
|
3,000,000 |
2,982,546 |
|
NY
Counties, Tobacco Trust VI Rev. Bonds, (Tobacco Settlement Pass Through), Ser. A-2B, 5.00%, 6/1/51 |
|
BB+/P |
|
1,700,000 |
1,586,333 |
|
NY
State Dorm. Auth. Personal Income Tax Rev. Bonds, Ser. A, 5.00%, 3/15/46(T) |
|
AA+ |
|
4,500,000 |
4,914,464 |
|
NY
State Env. Fac. Corp. Solid Waste Disp. Mandatory Put Bonds (9/2/25), (Casella Waste Syst., Inc.), Ser. R-1, 2.75%, 9/1/50 |
|
B1 |
|
225,000 |
216,429 |
|
NY
State Liberty Dev. Corp. Rev. Bonds |
|
|
|
|
|
|
Ser.
A, BAM, 3.00%, 11/15/51 |
|
AA |
|
3,000,000 |
2,214,670 |
|
2.875%,
11/15/46 |
|
A+ |
|
1,860,000 |
1,358,021 |
|
(Port
Auth. of NY & NJ), Ser. 1WTC, 2.75%, 2/15/44 |
|
AA- |
|
2,000,000 |
1,490,341 |
|
NY
State Liberty Dev. Corp. 144A Rev. Bonds, (World Trade Ctr.), Class 2, 5.375%, 11/15/40 |
|
BB-/P |
|
750,000 |
751,272 |
|
NY
State Trans. Special Fac. Dev. Corp. Rev. Bonds, (Delta Air Lines, Inc.), 5.00%, 10/1/40 |
|
Baa3 |
|
1,250,000 |
1,285,569 |
|
NY
State Urban Dev. Corp. Rev. Bonds, (Bidding Group 4), Ser. A, 3.00%, 3/15/50 |
|
AA+ |
|
2,000,000 |
1,536,817 |
|
NY
State, Liberty Dev. Corp. Rev. Bonds, (4 World Trade Ctr.), 3.00%, 11/15/51 |
|
A+ |
|
4,215,000 |
3,086,475 |
|
Port
Auth. of NY & NJ Rev. Bonds, Ser. 218, 5.00%, 11/1/49(T) |
|
Aa3 |
|
2,460,000 |
2,538,759 |
|
Suffolk,
Tobacco Asset Securitization Corp. Rev. Bonds, Ser. A-2, 4.00%, 6/1/50 |
|
BBB+ |
|
800,000 |
715,068 |
|
|
|
|
|
|
|
|
|
|
|
|
|
24,676,764 |
|
North
Carolina (1.6%) |
|
NC
State Med. Care Comm. Hlth. Care Fac. Rev. Bonds, (Lutheran Svcs. for the Aging, Inc. Oblig. Group), Ser. C, 4.00%, 3/1/36 |
|
BB/P |
|
2,320,000 |
1,963,579 |
|
NC
State Med. Care Comm. Retirement Fac. Rev. Bonds |
|
|
|
|
|
|
(Maryfield,
Inc. Oblig. Group), 5.00%, 10/1/45 |
|
BB/P |
|
500,000 |
442,456 |
|
(Twin
Lakes Cmnty.), Ser. A, 5.00%, 1/1/38 |
|
BBB/F |
|
1,750,000 |
1,741,039 |
|
(Southminister,
Inc.), 5.00%, 10/1/37 |
|
BB/P |
|
965,000 |
904,335 |
|
|
|
|
|
|
|
|
|
|
|
|
|
5,051,409 |
|
Ohio
(3.1%) |
|
Buckeye,
Tobacco Settlement Fin. Auth. Rev. Bonds |
|
|
|
|
|
|
Ser.
B-2, Class 2, 5.00%, 6/1/55 |
|
BB/P |
|
470,000 |
437,496 |
|
Ser.
A-2, Class 1, 3.00%, 6/1/48 |
|
BBB+ |
|
1,300,000 |
997,452 |
|
Cleveland-Cuyahoga
Cnty., Port Auth. Cultural Fac. Rev. Bonds, (Playhouse Square Foundation), 5.50%, 12/1/53 |
|
BB+ |
|
1,500,000 |
1,486,754 |
|
OH
State Air Quality Dev. Auth. Exempt Fac. 144A Rev. Bonds, (Pratt Paper, LLC), 4.50%, 1/15/48 |
|
BB+/P |
|
1,200,000 |
1,161,422 |
|
OH
State Higher Edl. Fac. Comm. Rev. Bonds, (John Carroll U.), 4.00%, 10/1/45 |
|
Baa1 |
|
3,400,000 |
2,938,369 |
|
OH
State Private Activity Rev. Bonds, (Portsmouth Bypass), AGM, 5.00%, 12/31/35 |
|
AA |
|
750,000 |
756,861 |
|
Port
of Greater Cincinnati Dev. Auth. 144A Rev. Bonds, 4.25%, 12/1/50 |
|
BB/P |
|
1,440,000 |
1,155,813 |
|
Southeastern
OH Port Auth. Hosp. Fac. Rev. Bonds, (Memorial Hlth. Syst. Oblig. Group), 5.00%, 12/1/43 |
|
B+/F |
|
150,000 |
125,058 |
|
Washington
Cnty, Hosp. Rev. Bonds, (Marietta Area Hlth. Care, Inc.), 6.75%, 12/1/52 |
|
B+/P |
|
500,000 |
511,831 |
|
|
|
|
|
|
|
|
|
|
|
|
|
9,571,056 |
|
Oregon
(0.4%) |
|
Multnomah
Cnty., Hosp. Fac. Auth. Rev. Bonds, (Terwilliger Plaza, Inc.), 5.00%, 12/1/29 |
|
BB+/F |
|
350,000 |
343,837 |
|
Warm
Springs, Reservation Confederated Tribes 144A Rev. Bonds, (Pelton-Round Butte), Ser. B |
|
|
|
|
|
|
5.00%,
11/1/36 |
|
A3 |
|
500,000 |
543,251 |
|
5.00%,
11/1/34 |
|
A3 |
|
200,000 |
219,986 |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,107,074 |
|
Pennsylvania
(3.3%) |
|
Allegheny
Cnty., Hosp. Dev. Auth. Rev. Bonds, (Allegheny Hlth. Network Oblig. Group), Ser. A, 5.00%, 4/1/35 |
|
A |
|
1,200,000 |
1,260,521 |
|
Chester
Cnty., Indl. Dev. Auth. Rev. Bonds |
|
|
|
|
|
|
(Collegium
Charter School), Ser. A, 5.125%, 10/15/37 |
|
BB |
|
750,000 |
730,389 |
|
(Renaissance
Academy Charter School), 5.00%, 10/1/34 |
|
BBB- |
|
350,000 |
348,850 |
|
Chester
Cnty., Indl. Dev. Auth. Student Hsg. Rev. Bonds, (West Chester U. Student Hsg., LLC), Ser. A, 5.00%, 8/1/45 |
|
Ba2 |
|
1,000,000 |
943,925 |
|
Cumberland
Cnty., Muni. Auth. Rev. Bonds, (Asbury PA Obligated Group), 5.00%, 1/1/45 |
|
BB+/P |
|
500,000 |
428,320 |
|
Dallas,
Area Muni. Auth. U. Rev. Bonds, (Misericordia U.), 5.00%, 5/1/48 |
|
Baa3 |
|
1,500,000 |
1,395,726 |
|
Maxatawny
Twp., Muni. Auth. Rev. Bonds, (Diakon Lutheran Social Ministries), Ser. A |
|
|
|
|
|
|
5.00%,
1/1/42 |
|
BBB+/F |
|
1,450,000 |
1,381,163 |
|
5.00%,
1/1/41 |
|
BBB+/F |
|
1,400,000 |
1,341,807 |
|
PA
State Econ. Dev. Fin. Auth. Rev. Bonds, (PennDOT Major Bridges), 6.00%, 6/30/61 |
|
Baa2 |
|
1,000,000 |
1,118,074 |
|
Philadelphia
Auth. For Ind. Dev. 144A Rev. Bonds, (String Theory Charter School), 5.00%, 6/15/50 |
|
BB+ |
|
700,000 |
667,161 |
|
Philadelphia,
Auth. for Indl. Dev. 144A Rev. Bonds, (U. of the Arts) |
|
|
|
|
|
|
5.00%,
3/15/45 |
|
BB-/F |
|
660,000 |
562,152 |
|
5.00%,
3/15/45 (Prerefunded 3/15/28) |
|
AAA/P |
|
40,000 |
43,431 |
|
|
|
|
|
|
|
|
|
|
|
|
|
10,221,519 |
|
Puerto
Rico (3.5%) |
|
Cmnwlth.
of PR G.O. Bonds, Ser. A-1, 4.00%, 7/1/37 |
|
BB/P |
|
3,000,000 |
2,696,118 |
|
Cmnwlth.
of PR, G.O. Bonds, Ser. A-1, 4.00%, 7/1/46 |
|
BB/P |
|
3,200,000 |
2,674,105 |
|
Cmnwlth.
of PR, Elec. Pwr. Auth. Rev. Bonds, Ser. TT, 5.00%, 7/1/37 (In default)(NON) |
|
D/P |
|
2,500,000 |
937,500 |
|
Cmnwlth.
of PR, Sales Tax Fin. Corp. Rev. Bonds, Ser. A-1, 5.00%, 7/1/58 |
|
BB-/P |
|
4,700,000 |
4,586,088 |
|
|
|
|
|
|
|
|
|
|
|
|
|
10,893,811 |
|
South
Carolina (4.7%) |
|
Berkeley
Cnty., Assmt. Rev. Bonds, (Nexton Impt. Dist.), 4.375%, 11/1/49 |
|
BB-/P |
|
1,000,000 |
830,112 |
|
SC
State Jobs Econ. Dev. Auth. Edl. Fac. 144A Rev. Bonds |
|
|
|
|
|
|
(High
Point Academy), Ser. A, 5.75%, 6/15/49 |
|
Ba1 |
|
1,000,000 |
1,006,299 |
|
(High
Point Academy), Ser. A, 5.75%, 6/15/39 |
|
Ba1 |
|
500,000 |
506,824 |
|
(Greenville
Renewable Energy Ed. Charter School), 4.00%, 6/1/56 |
|
BB/P |
|
1,020,000 |
667,492 |
|
SC
State Public Svc Auth. Rev. Bonds Ser. B |
|
|
|
|
|
|
4.00%,
12/1/51(T) |
|
A- |
|
3,000,000 |
2,738,670 |
|
4.00%,
12/1/42(T) |
|
A- |
|
5,250,000 |
5,018,427 |
|
4.00%,
12/1/41(T) |
|
A- |
|
4,000,000 |
3,862,477 |
|
|
|
|
|
|
|
|
|
|
|
|
|
14,630,301 |
|
South
Dakota (0.4%) |
|
Lincoln
Cnty., Econ. Dev. Rev. Bonds, (Augustana College Assn. (The)), 4.00%, 8/1/51 |
|
BBB- |
|
1,500,000 |
1,213,038 |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,213,038 |
|
Tennessee
(0.8%) |
|
Metro.
Govt. Nashville & Davidson Cnty., Hlth. & Edl. Fac. Board Rev. Bonds, (Blakeford at Green Hills), Ser. A, 4.00%, 11/1/55 |
|
BBB-/F |
|
1,750,000 |
1,260,976 |
|
Metro.
Nashville, Arpt. Auth. Rev. Bonds, Ser. B, 5.50%, 7/1/39 |
|
A1 |
|
1,000,000 |
1,124,550 |
|
|
|
|
|
|
|
|
|
|
|
|
|
2,385,526 |
|
Texas
(8.4%) |
|
Arlington,
Higher Ed. Fin. Corp. Rev. Bonds |
|
|
|
|
|
|
(Uplift
Ed.), Ser. A, PSFG, 4.00%, 12/1/42 |
|
AAA |
|
1,000,000 |
966,746 |
|
(Wayside
Schools), Ser. A, 4.00%, 8/15/41 |
|
BB |
|
610,000 |
495,270 |
|
Arlington,
Higher Ed. Fin. Corp. 144A Rev. Bonds, (Magellan School (The)), 6.375%, 6/1/62 |
|
Ba2 |
|
1,100,000 |
1,125,575 |
|
Clifton,
Higher Ed. Fin. Corp. Ed. Rev. Bonds, (Intl. Leadership), Ser. D, 6.125%, 8/15/48 |
|
Baa3 |
|
2,500,000 |
2,516,749 |
|
Dallas,
Area Rapid Transit Rev. Bonds, Ser. B, 5.00%, 12/1/47 |
|
AA+ |
|
9,000,000 |
9,670,234 |
|
Harris
Cnty., Cultural Ed. Fac. Fin. Corp. Rev. Bonds |
|
|
|
|
|
|
(Brazos
Presbyterian Homes, Inc.), 5.00%, 1/1/37 |
|
BB+/F |
|
250,000 |
221,470 |
|
(YMCA
of the Greater Houston Area), Ser. A, 5.00%, 6/1/33 |
|
Ba1 |
|
1,000,000 |
944,194 |
|
Houston,
Arpt. Syst. Rev. Bonds |
|
|
|
|
|
|
Ser.
B-1, 5.00%, 7/15/35 |
|
BB- |
|
2,500,000 |
2,505,921 |
|
(United
Airlines, Inc.), 4.00%, 7/1/41 |
|
B-/F |
|
1,250,000 |
1,116,823 |
|
Matagorda
Cnty., Poll. Control Rev. Bonds, (Dist. No. 1), Ser. A, AMBAC, 4.40%, 5/1/30 |
|
A- |
|
1,250,000 |
1,276,090 |
|
New
Hope, Cultural Ed. Fac. Fin. Corp. Rev. Bonds, (Woman's U.-Collegiate Hsg. Denton, LLC), Ser. A-1, AGM, 4.125%, 7/1/53 |
|
AA |
|
1,000,000 |
884,460 |
|
TX
Private Activity Surface Trans. Corp. Rev. Bonds, (Segment 3C), 5.00%, 6/30/58 |
|
Baa2 |
|
2,500,000 |
2,527,926 |
|
TX
State Muni. Gas Acquisition & Supply Corp. III Rev. Bonds, 5.00%, 12/15/30 |
|
A2 |
|
1,000,000 |
1,032,663 |
|
TX
State Trans. Comm. Rev. Bonds, (State Hwy. 249 Sys.), Ser. A, zero %, 8/1/39 |
|
Baa2 |
|
700,000 |
329,995 |
|
Uptown
Dev. Auth. Tax Alloc. Bonds, (City of Houston Reinvestment Zone No. 16), 3.00%, 9/1/37 |
|
Baa2 |
|
900,000 |
727,704 |
|
|
|
|
|
|
|
|
|
|
|
|
|
26,341,820 |
|
Utah
(1.9%) |
|
Infrastructure
Agcy. Telecomm. Rev. Bonds, 4.00%, 10/15/39 |
|
BBB-/F |
|
1,500,000 |
1,309,432 |
|
Intermountain
Pwr. Agcy. Pwr. Supply Rev. Bonds, Ser. A, 5.00%, 7/1/41(FWC) |
|
Aa3 |
|
2,000,000 |
2,228,448 |
|
MDA
Mountain Village Pub. Infrastructure Dist. Special Assmt., Ser. A, 5.00%, 8/1/50 |
|
B/P |
|
1,045,000 |
882,605 |
|
Mida
Mountain Village Pub. Infrastructure Dist. 144A Special Assmt. Bonds, (Mountain Village Assmt. Area No. 2), 4.00%, 8/1/50 |
|
B/P |
|
1,250,000 |
946,731 |
|
UT
State Charter School Fin. Auth. Rev. Bonds, (Summit Academy, Inc.), Ser. A, 5.00%, 4/15/44 |
|
AA |
|
625,000 |
643,381 |
|
|
|
|
|
|
|
|
|
|
|
|
|
6,010,597 |
|
Virginia
(4.6%) |
|
Cherry
Hill Cmnty., Dev. Auth. 144A Special Assmt. Bonds, (Potomac Shores), 5.40%, 3/1/45 |
|
B/P |
|
995,000 |
998,983 |
|
Farms
of New Kent, Cmnty. Dev. Auth. 144A Special Assmt. Bonds, Ser. A, 3.75%, 3/1/36 |
|
B+/P |
|
600,000 |
568,361 |
|
James
City Cnty., Econ. Dev. Auth. Rev. Bonds |
|
|
|
|
|
|
(Williamsburg
Landing), Ser. A, 4.00%, 12/1/50 |
|
BB/P |
|
1,235,000 |
952,923 |
|
(VA
United Methodist Homes, Inc. Oblig. Group), Ser. A, 4.00%, 6/1/47 |
|
BB/P |
|
1,000,000 |
703,732 |
|
Lexington,
Indl. Dev. Auth. Res. Care Fac. Rev. Bonds |
|
|
|
|
|
|
(Lexington
Retirement Cmnty.), 4.00%, 1/1/48 |
|
BBB-/F |
|
1,310,000 |
1,011,155 |
|
(Lexington
Retirement Cmnty.), 4.00%, 1/1/42 |
|
BBB-/F |
|
1,000,000 |
822,599 |
|
(Kendal
at Lexington), 4.00%, 1/1/31 |
|
BBB-/F |
|
675,000 |
646,502 |
|
Lower
Magnolia Green Cmnty., Dev. Auth. 144A Special Assmt. Bonds, 5.00%, 3/1/35 |
|
B/P |
|
460,000 |
454,018 |
|
Suffolk,
Econ. Dev. Auth. Retirement Fac. Rev. Bonds, (United Church Homes & Svcs. Oblig. Group), 5.00%, 9/1/31 |
|
BB/P |
|
500,000 |
479,124 |
|
VA
State Small Bus. Fin. Auth. Hlth. Care Fac. Rev. Bonds, (Bon Secours Mercy Hlth., Inc.), 4.00%, 12/1/49 |
|
A1 |
|
4,000,000 |
3,801,548 |
|
Williamsburg,
Econ. Dev. Auth. Student Hsg. Rev. Bonds, (Provident Group - Williamsburg Properties, LLC), AGM, 5.25%, 7/1/53 |
|
AA |
|
3,500,000 |
3,870,016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
14,308,961 |
|
Washington
(2.0%) |
|
Kalispel
Tribe of Indians Priority Dist. Rev. Bonds, Ser. A, 5.25%, 1/1/38 |
|
BB+/P |
|
750,000 |
770,980 |
|
WA
State Hsg. Fin. Comm. Rev. Bonds |
|
|
|
|
|
|
(Wesley
Homes Lea Hill), 5.00%, 7/1/41 |
|
B/P |
|
500,000 |
418,482 |
|
(Wesley
Homes Lea Hill), 5.00%, 7/1/36 |
|
B/P |
|
580,000 |
514,478 |
|
(Social
Certif.), Ser. A-1, 3.50%, 12/20/35 |
|
BBB+ |
|
2,130,372 |
1,969,641 |
|
WA
State Hsg. Fin. Comm. 144A Rev. Bonds, (Presbyterian Retirement Cmnty. Northwest), Ser. A, 5.00%, 1/1/36 |
|
BB/F |
|
1,175,000 |
1,029,075 |
|
WA
State Hsg. Fin. Comm. Nonprofit 144A Rev. Bonds, (Spokane Intl. Academy), Ser. A |
|
|
|
|
|
|
5.00%,
7/1/56 |
|
Ba2 |
|
1,130,000 |
1,033,440 |
|
5.00%,
7/1/50 |
|
Ba2 |
|
500,000 |
463,792 |
|
|
|
|
|
|
|
|
|
|
|
|
|
6,199,888 |
|
Wisconsin
(5.8%) |
|
Pub.
Fin. Auth. 144A Rev. Bonds |
|
|
|
|
|
|
(WFCS
Holdings, LLC), 5.00%, 1/1/55 |
|
BB-/P |
|
1,700,000 |
1,332,124 |
|
(Roseman
U. of Hlth. Sciences), 5.00%, 4/1/40 |
|
BB |
|
1,085,000 |
1,062,115 |
|
(Roseman
U. of Hlth. Sciences), 5.00%, 4/1/40 (Prerefunded 4/1/30) |
|
AAA/P |
|
65,000 |
73,617 |
|
Pub.
Fin. Auth. Conference Ctr. & Hotel Rev. Bonds, (U. of NC Charlotte Foundation), Ser. A, 4.00%, 9/1/51 |
|
BB+/P |
|
2,000,000 |
1,521,512 |
|
Pub.
Fin. Auth. Edl. Fac. Rev. Bonds, (Piedmont Cmnty. Charter School), 5.00%, 6/15/53 |
|
Baa3 |
|
1,150,000 |
1,106,746 |
|
Pub.
Fin. Auth. Exempt Fac. Rev. Bonds, (Celanese U.S. Holdings, LLC), Ser. C, 4.30%, 11/1/30 |
|
Baa3 |
|
300,000 |
298,138 |
|
Pub.
Fin. Auth. Retirement Communities Rev. Bonds, (Evergreens Oblig. Group), Ser. A, 5.00%, 11/15/49 |
|
A-/F |
|
1,750,000 |
1,608,507 |
|
Pub.
Fin. Auth. Retirement Fac. 144A Rev. Bonds, (Southminster, Inc.), 5.00%, 10/1/48 |
|
BB/F |
|
800,000 |
686,560 |
|
Pub.
Fin. Auth. Student Hsg. Fac. 144A Rev. Bonds, (UHF RISE Student Hsg., LLC), Ser. A-1, 4.00%, 7/1/61 |
|
Ba1 |
|
600,000 |
439,374 |
|
WI
Pub. Fin. Auth. Hotel Rev. Bonds, (Grand Hyatt), 5.00%, 2/1/62 |
|
BBB- |
|
2,300,000 |
2,257,429 |
|
WI
Pub. Fin. Auth. Hotel 144A Rev. Bonds, (Grand Hyatt), 6.00%, 2/1/62 |
|
BB-/P |
|
1,000,000 |
1,016,591 |
|
WI
State Hlth. & Edl. Fac. Auth. Rev. Bonds |
|
|
|
|
|
|
(Oakwood
Lutheran Sr. Ministries Oblig. Group), 4.00%, 1/1/57 |
|
BB/P |
|
650,000 |
439,209 |
|
(St.
John's Communities, Inc.), 4.00%, 9/15/45 |
|
BBB |
|
650,000 |
507,232 |
|
(St.
John's Communities, Inc.), 4.00%, 9/15/41 |
|
BBB |
|
770,000 |
629,310 |
|
(Froedtert
Health, Inc.), Ser. A, 4.00%, 4/1/41 |
|
AA |
|
4,000,000 |
3,880,332 |
|
WI
State Pub. Fin. Auth Sr. Living 144A Rev. Bonds, (Mary's Woods at Marylhurst), Ser. A, 5.25%, 5/15/37 |
|
BB/F |
|
380,000 |
361,006 |
|
WI
State Pub. Fin. Auth. 144A Rev. Bonds, (Church Home of Hartford, Inc.), Ser. A, 5.00%, 9/1/30 |
|
BB/F |
|
945,000 |
894,733 |
|
|
|
|
|
|
|
|
|
|
|
|
|
18,114,535 |
|
|
|
|
|
|
|
|
Total municipal bonds and notes (cost $439,261,452) |
$412,543,058 |