Annual Report | October 31, 2020

Vanguard Municipal Bond Funds

Vanguard Short-Term Tax-Exempt Fund

Vanguard Limited-Term Tax-Exempt Fund

Vanguard Intermediate-Term Tax-Exempt Fund

Vanguard Long-Term Tax-Exempt Fund

Vanguard High-Yield Tax-Exempt Fund

See the inside front cover for important information about access to your fund’s annual and semiannualshareholder reports.

Important information about access to shareholder reports

Beginning on January 1, 2021, as permitted by regulations adopted by theSecurities and Exchange Commission, paper copies of your fund’s annual andsemiannual shareholder reports will no longer be sent to you by mail, unless youspecifically request them. Instead, you will be notified by mail each time a report isposted on the website and will be provided with a link to access the report.

If you have already elected to receive shareholder reports electronically, you willnot be affected by this change and do not need to take any action. You may elect toreceive shareholder reports and other communications from the fund electronicallyby contacting your financial intermediary (such as a broker-dealer or bank) or, if youinvest directly with the fund, by calling Vanguard at one of the phone numbers onthe back cover of this report or by logging on to vanguard.com.

You may elect to receive paper copies of all future shareholder reports free ofcharge. If you invest through a financial intermediary, you can contact theintermediary to request that you continue to receive paper copies. If you investdirectly with the fund, you can call Vanguard at one of the phone numbers on theback cover of this report or log on to vanguard.com.Your election to receive papercopies will apply to all the funds you hold through an intermediary or directly withVanguard.

Contents

Your Fund’s Performance at a Glance 1

Advisor’s Report 2

About Your Fund’s Expenses 4

Short-Term Tax-Exempt Fund 6

Limited-Term Tax-Exempt Fund 75

Intermediate-Term Tax-Exempt Fund 198

Long-Term Tax-Exempt Fund 372

High-Yield Tax-Exempt Fund 421

Please note: The opinions expressed in this report are just that—informed opinions. They should not be considered promises or advice. Also, please keep in mind that the information and opinionscover the period through the date on the front of this report. Of course, the risks of investing in your fund are spelled out in the prospectus.

• For the 12 months ended October 31, 2020, the returns for the five Vanguardtax-exempt bond funds discussed in this report ranged from 1.86% for Investor Shares ofVanguard Short-TermTax-Exempt Fund to 4.14% for Admiral Shares of VanguardLong-TermTax-Exempt Fund. All of the funds posted returns roughly in line with or betterthan their expense-free benchmarks with the exception of Vanguard High-YieldTax-Exempt Fund, which underperformed its investment-grade muni market benchmark.

• As the coronavirus began to spread outside of China, many governments moved toshutter nonessential businesses and institute lockdowns, leading to a swift and sharpdrop in global economic activity. While volatility in the bond markets initially spiked andliquidity eroded as the pandemic spread, central banks around the world slashed interestrates and enacted stimulus programs to blunt the impact on the economy. Bond yieldsmoved lower by the end of the period, and prices higher.

• The advisor’s disciplined approach to risk paid off in this challenging environment. Thefunds were fairly conservatively positioned going into 2020 because muni yield spreadswere tight versusTreasuries. That allowed the advisor to dial up exposure to lower-qualityinvestment-grade munis that were hit especially hard during the dramatic repricing thatoccurred.

• After the sell-off, muni prices rallied to regain much of what had been lost, addingrelative value to the funds and providing a compact case study in the value of stayinginvested in downturns.

Market Barometer

Average Annual Total ReturnsPeriods Ended October 31, 2020

OneYear ThreeYears FiveYears

Stocks

Russell 1000 Index (Large-caps) 10.87% 10.63% 11.79%

Russell 2000 Index (Small-caps) -0.14 2.19 7.27

Russell 3000 Index (Broad U.S. market) 10.15 10.04 11.48

FTSE All-World ex US Index (International) -2.17 0.13 4.52

Bonds

Bloomberg Barclays U.S. Aggregate Bond Index(Broad taxable market) 6.19% 5.06% 4.08%

Bloomberg Barclays Municipal Bond Index(Broad tax-exempt market) 3.59 4.09 3.70

FTSEThree-Month U.S. Treasury Bill Index 0.86 1.62 1.15

CPI

Consumer Price Index 1.18% 1.82% 1.83%

Your Fund’s Performance at a Glance

1

For the 12 months ended October 31,2020, Vanguard’s five national tax-exemptbond funds posted returns that rangedfrom 1.86% for Investor Shares ofVanguard Short-TermTax-Exempt Fund to4.14% for Admiral Shares of VanguardLong-TermTax-Exempt Fund. All of thefunds posted returns roughly in line withor better than their expense-freebenchmarks with the exception ofVanguard High-Yield Tax-Exempt Fund,which underperformed itsinvestment-grade muni marketbenchmark.

As investment-grade municipal bonds’prices rose, their 30-day SEC yieldsdeclined by between 33 and 86 basispoints to range from 0.33% for InvestorShares of the Short-TermTax-Exempt Fundto 1.67% for Admiral Shares of theLong-TermTax-Exempt Fund. (A basis pointis one-hundredth of a percentage point.)

The 30-day SEC yields for VanguardHigh-Yield Tax-Exempt Fund finished theperiod where they had started, at 2.28%for Investor Shares and 2.36% for AdmiralShares. The 30-day SEC yield is a proxy fora fund’s potential annualized rate ofincome.

Please note that the funds are permittedto invest in securities that would generateincome distributions subject to thealternative minimum tax (AMT). During thefiscal year, only the High-Yield Tax-ExemptFund owned such securities.

Investment environment

The period was defined by the outbreak ofthe novel coronavirus in early 2020––andthe aggressive efforts to contain it––whichupended economies and financial marketsworldwide. As the pandemic spread,crude oil prices sank, trade and travelrestrictions multiplied, non-essentialbusinesses were shuttered, andunemployment spiked.

Many governments and central banksaround the world took emergency actionin the form of fiscal and monetarystimulus to blunt the impact of thepandemic on economic activity, jobs, andthe functioning of the credit markets.

In the United States, Congress passed anumber of bills providing aid to state andlocal governments, companies, andworkers. The U.S. Federal Reserve cut thefederal funds target range to near zero andbegan buying hundreds of billions ofdollars in government bonds,mortgage-backed securities, and corporatebonds.

At the height of investor pessimism inMarch, the bond market experienced aspike in volatility and an erosion inliquidity. Yields nevertheless ended theperiod significantly lower—and priceshigher—as investors sought out saferassets.

The yield of the 2-year U.S. Treasury notefell 137 basis points to 0.15%.Longer-termTreasury yields fell less butstill declined significantly: The yield of thebellwether 10-year U.S. Treasury notedropped 82 basis points to 0.87%.

Municipal bond yields followed a similar, ifa little less volatile, trajectory on acombination of low yields and investordemand for tax-exempt income. Theaverage yield of 2-year AAA-ratedgeneral-obligation issues slipped 94 basispoints to 0.20% by the end of the fiscalyear. Intermediate- and long-term muniyields declined less, with the 10-year yieldfalling 54 basis points to 0.94%.

The credit profile of the muni marketremained solid, partly because ofaggressive direct and indirect stimulusmeasures from policymakers, but alsobecause many issuers were in a solidfinancial position before the pandemic hit.In fact, about two-thirds of the munimarket was made up of bonds rated AAand above.

Management of the funds

Our disciplined approach to credit risk paidoff in this challenging environment. Goinginto 2020, we were carrying a relativelylow level of credit risk in the fund becausewe viewed valuations as being relativelyexpensive compared with historical levels.

We obviously didn’t see the coronaviruspandemic coming, but our more defensivepositioning helped mitigate the impact ofthe market sell-off in March and April. Itthen allowed us to take on more creditrisk at much more attractive valuations,especially in areas where the repricingseemed overdone. That wasn’t the casefor some asset managers who werecarrying more risk ahead of the pandemic,chasing a few extra basis points ofpotential return despite elevatedvaluations.

Over the 12 months, AAA-rated municipalbonds returned 4.38% according toBloomberg Barclays Municipal Bond Index.Their AA-rated counterparts returned3.90%, and A-rated munis returned3.20%. BBB-rated munis on the lowestrung on the investment-grade credit

Yields of Municipal Securities(AAA-Rated General Obligation Issues)

MaturityOctober 31,

2019October 31,

2020

2 years 1.14% 0.20%

5 years 1.19 0.34

10 years 1.48 0.94

30 years 2.14 1.79

Source: Vanguard.

Advisor's Report

2

quality ladder returned 1.66%, whilehigh-yield munis returned even less:1.23%.

Because credit underperformed over the12-month period, the tilt in theinvestment-grade funds toward high-qualitysecurities added value, particularly duringthe market sell-off. As credit lagged, theHigh-Yield Tax-Exempt Fundunderperformed its broadinvestment-grade muni market benchmark.

Tactically, we focused on digging intodifferent bond structures during thesummer to find incremental yield byfavoring lower coupon and callable bonds,believing low yields across the curve werehere to stay.

Outlook

Risks remain that increases in COVID-19infections could lead to the reimposition ofbroad lockdowns that would further hurteconomies and that the distribution ofvaccines may take longer than hoped for.These risks are somewhat mitigated,however, because governments are betterprepared now to deal with outbreaks.Moreover, central banks have assertedtheir readiness to continue to support bondmarkets.

We view munis as attractive for long-terminvestors. Defaults are unlikely tomaterialize among investment-grade munisas issuers will be buttressed by reserves,federal aid, and other fiscal levers. The

overarching trend of the next 12 to 24months should be toward tighter spreads.However, the road to an economicrecovery is likely to be bumpy, long, andfilled with portentous headlines andpolitically charged decisions.

That’s likely to translate into periods ofturbulence in the muni market in the yearahead. A focus on diversification, deepresearch, and discipline will be key topotential investment success.

Whatever the markets may bring, ourexperienced team of portfolio managers,traders, and credit analysts will continue tonavigate this large, fragmented market toseek attractive investment opportunitiesthat will add to the funds’ performance.

Paul M. Malloy, CFA, Principal,

Head of Municipal Bond Group

James D’Arcy, CFA, Portfolio Manager

Adam M. Ferguson, CFA, Portfolio Manager

Mathew M. Kiselak, Principal,

Portfolio Manager, Head of Municipal BondDesk

Justin A. Schwartz, CFA, Portfolio Manager,

Head of Municipal Money Market Funds

Vanguard Fixed Income Group

November 18, 2020

3

As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management,administrative services, and shareholder reports (like this one), among others. Operating expenses,which are deducted from a fund’s gross income, directly reduce the investment return of the fund.

A fund’s expenses are expressed as a percentage of its average net assets. This figure is known asthe expense ratio. The following examples are intended to help you understand the ongoing costs (indollars) of investing in your fund and to compare these costs with those of other mutual funds. Theexamples are based on an investment of $1,000 made at the beginning of the period shown and heldfor the entire period.

The accompanying table illustrates your fund’s costs in two ways:

• Based on actual fund return.This section helps you to estimate the actual expenses that youpaid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, andthe third column shows the dollar amount that would have been paid by an investor who started with$1,000 in the fund. You may use the information here, together with the amount you invested, toestimate the expenses that you paid over the period.

To do so, simply divide your account value by $1,000 (for example, an $8,600 account value dividedby $1,000 = 8.6), then multiply the result by the number given for your fund under the heading”Expenses Paid During Period.“

• Based on hypothetical 5% yearly return.This section is intended to help you compare yourfund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5%before expenses, but that the expense ratio is unchanged. In this case—because the return used isnot the fund’s actual return—the results do not apply to your investment. The example is useful inmaking comparisons because the Securities and Exchange Commission requires all mutual funds tocalculate expenses based on a 5% return. You can assess your fund’s costs by comparing thishypothetical example with the hypothetical examples that appear in shareholder reports of otherfunds.

Note that the expenses shown in the table are meant to highlight and help you compare ongoingcosts only and do not reflect transaction costs incurred by the fund for buying and selling securities.Further, the expenses do not include any purchase, redemption, or account service fees described inthe fund prospectus. If such fees were applied to your account, your costs would be higher. Your funddoes not carry a “sales load.”

The calculations assume no shares were bought or sold during the period. Your actual costs mayhave been higher or lower, depending on the amount of your investment and the timing of anypurchases or redemptions.

You can find more information about the fund’s expenses, including annual expense ratios, in theFinancial Statements section of this report. For additional information on operating expenses andother shareholder costs, please refer to your fund’s current prospectus.

About Your Fund’s Expenses

4

Six Months Ended October 31, 2020Beginning

Account Value4/30/2020

EndingAccount Value

10/31/2020

ExpensesPaid During

Period

Based on Actual Fund Return

Short-TermTax-Exempt Fund

Investor Shares $1,000.00 $1,016.79 $0.86

AdmiralTM Shares 1,000.00 1,017.20 0.46

Limited-TermTax-Exempt Fund

Investor Shares $1,000.00 $1,032.93 $0.87

Admiral Shares 1,000.00 1,033.34 0.46

Intermediate-TermTax-Exempt Fund

Investor Shares $1,000.00 $1,049.68 $0.88

Admiral Shares 1,000.00 1,050.10 0.46

Long-TermTax-Exempt Fund

Investor Shares $1,000.00 $1,061.69 $0.88

Admiral Shares 1,000.00 1,062.11 0.47

High-Yield Tax-Exempt Fund

Investor Shares $1,000.00 $1,079.61 $0.89

Admiral Shares 1,000.00 1,080.04 0.47

Based on Hypothetical 5%Yearly Return

Short-TermTax-Exempt Fund

Investor Shares $1,000.00 $1,024.28 $0.87

Admiral Shares 1,000.00 1,024.68 0.46

Limited-TermTax-Exempt Fund

Investor Shares $1,000.00 $1,024.28 $0.87

Admiral Shares 1,000.00 1,024.68 0.46

Intermediate-TermTax-Exempt Fund

Investor Shares $1,000.00 $1,024.28 $0.87

Admiral Shares 1,000.00 1,024.68 0.46

Long-TermTax-Exempt Fund

Investor Shares $1,000.00 $1,024.28 $0.87

Admiral Shares 1,000.00 1,024.68 0.46

High-Yield Tax-Exempt Fund

Investor Shares $1,000.00 $1,024.28 $0.87

Admiral Shares 1,000.00 1,024.68 0.46

The calculations are based on expenses incurred in the most recent six-month period. The funds’ annualized six-month expense ratios for thatperiod are: for the Short-Term Tax-Exempt Fund, 0.17% for Investor Shares and 0.09% for Admiral Shares; for the Limited-Term Tax-ExemptFund, 0.17% for Investor Shares and 0.09% for Admiral Shares; for the Intermediate-Term Tax-Exempt Fund, 0.17% for Investor Shares and0.09% for Admiral Shares; for the Long-Term Tax-Exempt Fund, 0.17% for Investor Shares and 0.09% for Admiral Shares; and for theHigh-Yield Tax-Exempt Fund, 0.17% for Investor Shares and 0.09% for Admiral Shares. The dollar amounts shown as “Expenses Paid� areequal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the mostrecent six-month period, then divided by the number of days in the most recent 12-month period (184/ 366).

5

All of the returns in this report represent past performance, which is not a guarantee of futureresults that may be achieved by the fund. (Current performance may be lower or higher thanthe performance data cited. For performance data current to the most recent month-end, visitour website at vanguard.com/performance.) Note, too, that both investment returns andprincipal value can fluctuate widely, so an investor’s shares, when sold, could be worth moreor less than their original cost. The returns shown do not reflect taxes that a shareholder wouldpay on fund distributions or on the sale of fund shares.

Cumulative Performance: October 31, 2010,Through October 31, 2020Initial Investment of $10,000

$18,000

7,000

11,119

2020201920182017201620152014201320122011

Average Annual Total ReturnsPeriods Ended October 31, 2020

OneYear

FiveYears

TenYears

Final Valueof a $10,000Investment

Short-TermTax-Exempt Fund Investor Shares 1.86% 1.36% 1.07% $ 11,119

Bloomberg Barclays 1Year Municipal Bond Index 1.87 1.36 1.12 11,178

Bloomberg Barclays Municipal Bond Index 3.59 3.70 3.99 14,791

OneYear

FiveYear

TenYears

Final Valueof a $50,000Investment

Short-TermTax-Exempt Fund Admiral Shares 1.94% 1.45% 1.15% $56,062

Bloomberg Barclays 1Year Municipal Bond Index 1.87 1.36 1.12 55,890

Bloomberg Barclays Municipal Bond Index 3.59 3.70 3.99 73,953

Short-TermTax-Exempt Fund

Performance Summary

See Financial Highlights for dividend and capital gains information.

6

NewYork 19.3%

Texas 10.9

California 6.6

Illinois 6.0

Pennsylvania 5.4

Ohio 4.1

Georgia 3.6

New Jersey 3.3

Maryland 2.9

Massachusetts 2.6

Florida 2.4

Connecticut 2.4

Tennessee 2.2

Virginia 2.0

Washington 2.0

Michigan 1.9

Multiple States 1.8

Colorado 1.7

North Carolina 1.4

Alabama 1.3

Nevada 1.2

Arizona 1.2

Missouri 1.2

Indiana 1.1

Kentucky 1.0

Wisconsin 1.0

Other 9.5

The table reflects the fund’s investments, except forshort-term investments.

Short-TermTax-Exempt Fund

Fund AllocationAs of October 31, 2020

7

The fund files its complete schedule of portfolio holdings with the Securities and ExchangeCommission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports onForm N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.

CouponMaturity

Date

FaceAmount

($000)

MarketValue•

($000)

Tax-Exempt Municipal Bonds (96.8%)

Alabama (1.2%)1 Alabama Federal Aid Highway Finance Authority GANTOB VRDO 0.270% 11/5/20 8,000 8,000

Alabama Incentives Financing Authority Miscellaneous Revenue, Prere. 5.000% 9/1/22 60 652 Alabama Public School and College Authority MiscellaneousTaxes Revenue 5.000% 11/1/24 27,685 32,798

Alabama Special Care Facilities Financing Authority-Birmingham AL Health, Hospital, Nursing Home RevenuePUT 1.850% 11/1/22 5,165 5,314

3 Birmingham Airport Authority Port, Airport & Marina Revenue 5.000% 7/1/23 250 2773 Birmingham Airport Authority Port, Airport & Marina Revenue 5.000% 7/1/25 500 592

Black Belt Energy Gas District Natural Gas Revenue 5.000% 12/1/21 1,000 1,047Black Belt Energy Gas District Natural Gas Revenue 5.000% 12/1/22 2,255 2,456Black Belt Energy Gas District Natural Gas Revenue (Project No. 4) PUT 4.000% 12/1/25 2,985 3,405Black Belt Energy Gas District Natural Gas Revenue (Project No. 5) 4.000% 10/1/21 540 556Black Belt Energy Gas District Natural Gas Revenue (Project No. 5) 4.000% 10/1/22 330 351Black Belt Energy Gas District Natural Gas Revenue (Project No. 5) 4.000% 4/1/23 700 753Black Belt Energy Gas District Natural Gas Revenue (Project No. 5) 4.000% 4/1/24 595 655Black Belt Energy Gas District Natural Gas Revenue (Project No. 5) 4.000% 10/1/25 655 747Black Belt Energy Gas District Natural Gas Revenue (Project No. 5) 4.000% 10/1/26 810 941Black Belt Energy Gas District Natural Gas Revenue (Project No. 5) PUT 4.000% 10/1/26 6,925 8,012

4 Black Belt Energy Gas District Natural Gas Revenue PUT 4.000% 6/1/21 39,095 39,7894 Black Belt Energy Gas District Natural Gas Revenue PUT 4.000% 7/1/22 26,500 27,942

Black Belt Energy Gas District Natural Gas Revenue PUT 4.000% 12/1/23 24,220 26,3855 Black Belt Energy Gas District Natural Gas Revenue PUT, 67% of 1M USD LIBOR + 0.900% 1.000% 12/1/23 10,500 10,4665 Black Belt Energy Gas District Natural Gas Revenue PUT, SIFMA Municipal Swap IndexYield + 0.620% 0.740% 12/1/23 10 106 Chatom Industrial Development Board Electric Power & Light Revenue 5.000% 8/1/21 280 2896 Chatom Industrial Development Board Electric Power & Light Revenue 5.000% 8/1/22 190 2046 Chatom Industrial Development Board Electric Power & Light Revenue 5.000% 8/1/23 225 2506 Chatom Industrial Development Board Electric Power & Light Revenue 5.000% 8/1/24 240 2766 Chatom Industrial Development Board Electric Power & Light Revenue 5.000% 8/1/25 215 254

Huntsville AL GO 5.000% 5/1/22 1,170 1,2523 Jasper AL GO, Prere. 5.000% 3/1/24 4,500 5,201

Jefferson County AL GO 5.000% 4/1/21 2,000 2,038Jefferson County AL GO 5.000% 4/1/22 3,500 3,729Jefferson County AL GO 5.000% 4/1/23 1,375 1,522Jefferson County AL Sales Tax Revenue 5.000% 9/15/21 1,625 1,690Jefferson County AL Sales Tax Revenue 5.000% 9/15/22 625 679Lower Alabama Gas District Natural Gas Revenue (Gas Project Revenue Bonds Project) 4.000% 12/1/23 500 549Lower Alabama Gas District Natural Gas Revenue (Gas Project Revenue Bonds Project) 4.000% 12/1/24 1,000 1,125Lower Alabama Gas District Natural Gas Revenue (Gas Project Revenue Bonds Project) PUT 4.000% 12/1/25 14,415 16,477Prattville Industrial Development Board Industrial Revenue PUT 2.000% 10/1/24 850 884Prattville Industrial Development Board Industrial Revenue PUT 2.000% 10/1/24 825 858Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 1) 5.000% 4/1/21 3,000 3,054Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 1) 5.000% 4/1/22 5,000 5,304Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 1) 5.000% 4/1/23 10,395 11,443Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 1) PUT 4.000% 4/1/24 2,760 3,028Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 2) 4.000% 6/1/21 1,250 1,274Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 2) 4.000% 6/1/22 1,225 1,288Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 2) 4.000% 6/1/23 2,000 2,163Southeast Alabama Gas Supply District Natural Gas Revenue (Project No. 2) PUT 4.000% 6/1/24 8,285 9,146

3 Troy University College & University Revenue 4.000% 11/1/20 1,000 1,0003 Troy University College & University Revenue 4.000% 11/1/22 2,000 2,1303 Troy University College & University Revenue 5.000% 11/1/24 500 583

UAB Medicine Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 9/1/21 460 477UAB Medicine Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 9/1/22 500 539

249,267Alaska (0.3%)

Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue VRDO 0.120% 11/5/20 24,195 24,195Alaska Housing Finance Corp. Local or Guaranteed Housing Revenue VRDO 0.120% 11/5/20 19,175 19,175Alaska Industrial Development & Export Authority Health, Hospital, Nursing Home Revenue 5.000% 4/1/22 1,775 1,881Alaska Industrial Development & Export Authority Health, Hospital, Nursing Home Revenue 5.000% 4/1/23 1,000 1,102

Short-TermTax-Exempt Fund

Financial Statements

Schedule of InvestmentsAs of October 31, 2020

8

CouponMaturity

Date

FaceAmount

($000)

MarketValue•

($000)

Alaska Industrial Development & Export Authority Health, Hospital, Nursing Home Revenue 5.000% 4/1/24 1,125 1,281Alaska Industrial Development & Export Authority Health, Hospital, Nursing Home Revenue 5.000% 4/1/25 1,870 2,197Anchorage AK GO 5.000% 9/1/22 1,500 1,630Anchorage AK GO 5.000% 9/1/22 1,000 1,087Matanuska-Susitna Borough AK Lease (Appropriation) Revenue 5.000% 9/1/22 1,500 1,609North Slope Borough AK GO 5.000% 6/30/21 625 644North Slope Borough AK GO 5.000% 6/30/22 950 979

55,780Arizona (1.1%)

Arizona COP 5.000% 10/1/21 8,000 8,346Arizona COP 5.000% 10/1/22 9,000 9,813Arizona Department of Transportation State Highway Fund Fuel Sales Tax Revenue 5.000% 7/1/23 510 549Arizona Department of Transportation State Highway Fund Fuel Sales Tax Revenue 5.000% 7/1/23 5,740 6,456Arizona Department of Transportation State Highway Fund Fuel Sales Tax Revenue, Prere. 5.000% 7/1/21 1,685 1,738Arizona Department of Transportation State Highway Fund Fuel Sales Tax Revenue, Prere. 5.000% 7/1/22 125 135Arizona Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 1/1/23 1,750 1,911Arizona IDA Lease (Appropriation) Revenue (Lincoln South Beltway Project) 5.000% 5/1/23 1,125 1,245Arizona IDA Lease (Appropriation) Revenue (Lincoln South Beltway Project) 5.000% 11/1/23 1,750 1,973Arizona IDA Lease (Appropriation) Revenue (Lincoln South Beltway Project) 5.000% 5/1/24 1,515 1,739Arizona IDA Lease (Appropriation) Revenue (Lincoln South Beltway Project) 5.000% 11/1/24 2,330 2,722Arizona IDA Lease (Appropriation) Revenue (Lincoln South Beltway Project) 5.000% 5/1/25 1,645 1,954Arizona IDA Lease (Appropriation) Revenue (Lincoln South Beltway Project) 5.000% 11/1/25 1,500 1,810

1 Arizona IDA Recreational Revenue (Legacy Cares Inc. Project) 6.250% 7/1/24 1,930 1,9401 Arizona IDA Recreational Revenue (Legacy Cares Inc. Project) 6.375% 7/1/25 1,935 1,9471 Arizona IDA Recreational Revenue (Legacy Cares Inc. Project) 6.500% 7/1/26 1,935 1,9491,4 Arizona IDA RevenueTOB VRDO 0.720% 11/5/20 8,300 8,300

Arizona Lottery Revenue 5.000% 7/1/21 3,530 3,641Arizona Lottery Revenue 5.000% 7/1/22 7,500 8,089Arizona Lottery Revenue 5.000% 7/1/23 2,500 2,812ArizonaWater Infrastructure Finance AuthorityWater Revenue 5.000% 10/1/22 2,365 2,578Chandler AZ Sales Tax Revenue 5.000% 7/1/23 1,440 1,619Coconino County Pollution Control Corp. Electric Power & Light Revenue PUT 1.650% 3/31/23 1,250 1,258

1,4 Maricopa County AZ Industrial Development Authority Health Facilities Revenue (Banner Health ObligatedGroup) TOB VRDO 0.150% 11/5/20 5,730 5,730

Maricopa County AZ Unified School District No. 97-Deer Valley GO 5.000% 7/1/24 550 643Maricopa County AZ Unified School District No. 97-Deer Valley GO 5.000% 7/1/25 500 606Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000% 9/1/21 940 973Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000% 9/1/22 1,000 1,077Maricopa County IDA Health, Hospital, Nursing Home Revenue 5.000% 9/1/23 600 671Maricopa County IDA Health, Hospital, Nursing Home Revenue PUT 5.000% 10/18/22 11,000 11,941Maricopa County IDA Health, Hospital, Nursing Home Revenue PUT 5.000% 10/18/24 1,505 1,760

5 Maricopa County IDA Health, Hospital, Nursing Home Revenue PUT, SIFMA Municipal Swap IndexYield +0.380% 0.500% 10/18/22 13,325 13,279

5 Maricopa County IDA Health, Hospital, Nursing Home Revenue PUT, SIFMA Municipal Swap IndexYield +0.800% 0.920% 9/1/24 4,500 4,468

5 Maricopa County IDA Health, Hospital, Nursing Home Revenue, SIFMA Municipal Swap IndexYield + 0.57% 0.690% 10/18/24 2,435 2,423Maricopa County Unified School District No. 4 Mesa GO 5.000% 7/1/22 2,500 2,698Maricopa County Unified School District No. 80 Chandler GO 5.000% 7/1/22 500 539Maricopa County Unified School District No. 80 Chandler GO 5.000% 7/1/23 200 225Maricopa County Unified School District No. 80 Chandler GO 5.000% 7/1/25 550 669Phoenix AZ GO 4.000% 7/1/24 2,025 2,149Phoenix Civic Improvement Corp. Lease (Non-Terminable) Revenue 5.000% 7/1/21 11,870 12,242Phoenix Civic Improvement Corp. Lease (Non-Terminable) Revenue 5.000% 7/1/21 11,565 11,928Phoenix Civic Improvement Corp. Lease (Non-Terminable) Revenue 5.000% 7/1/24 30 35Pima County AZ Sewer System Sewer Revenue 5.000% 7/1/21 3,000 3,094

1 Pima County IDA Charter School Aid Revenue 4.000% 6/15/21 315 3161 Pima County IDA Charter School Aid Revenue 4.000% 6/15/22 650 657

Pima County Regional Transportation Authority Sales Tax Revenue, Prere. 5.000% 6/1/21 4,215 4,330Regional Public Transportation Authority Sales Tax Revenue 5.000% 7/1/22 1,000 1,079Regional Public Transportation Authority Sales Tax Revenue 5.250% 7/1/23 140 158Regional Public Transportation Authority Sales Tax Revenue 5.250% 7/1/24 180 213

2 Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue 5.000% 1/1/23 2,375 2,511Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue 5.000% 12/1/23 8,990 9,445

2 Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue 5.000% 1/1/24 5,145 5,6592 Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue 5.000% 1/1/25 4,720 5,3892 Salt River Project Agricultural Improvement & Power District Electric Power & Light Revenue 5.000% 1/1/26 2,415 2,8516 Scottsdale IDA Health, Hospital, Nursing Home Revenue 0.340% 9/1/45 11,000 11,0001 Tempe IDA Health, Hospital, Nursing Home Revenue (Mirabella at ASU Project) 4.000% 10/1/23 9,450 9,414

Yavapai County IDA Health, Hospital, Nursing Home Revenue 5.000% 8/1/21 250 258

Short-TermTax-Exempt Fund

9

CouponMaturity

Date

FaceAmount

($000)

MarketValue•

($000)

Yavapai County IDA Health, Hospital, Nursing Home Revenue 5.000% 8/1/22 425 456Yavapai County IDA Health, Hospital, Nursing Home Revenue 5.000% 8/1/23 375 418Yavapai County IDA Resource Recovery Revenue (Republic Services Inc. Project) PUT 0.250% 12/1/20 4,750 4,750

2 Yavapai County IDA Revenue 4.000% 10/1/22 2,045 2,1172 Yavapai County IDA Revenue 4.000% 10/1/23 2,175 2,3112 Yavapai County IDA Revenue 4.000% 10/1/24 2,125 2,3062 Yavapai County IDA Revenue 4.000% 10/1/25 2,145 2,3692 Yavapai County IDA Revenue 4.000% 10/1/26 2,215 2,4833 Yavapai County Jail District Lease (Non-Terminable) Revenue 5.000% 7/1/23 1,880 2,0883 Yavapai County Jail District Lease (Non-Terminable) Revenue 5.000% 7/1/24 2,050 2,3573 Yavapai County Jail District Lease (Non-Terminable) Revenue 5.000% 7/1/25 605 7163 Yavapai County Jail District Lease (Non-Terminable) Revenue 5.000% 7/1/26 2,010 2,434

229,759Arkansas (0.0%)5 Arkansas Development Finance Authority Health, Hospital, Nursing Home Revenue PUT, SIFMA Municipal

Swap IndexYield + 1.550% 1.670% 9/1/22 700 695Arkansas GO 3.250% 6/15/22 100 102

2 Pulaski County Special School District GO 2.000% 2/1/23 3,040 3,1412 Pulaski County Special School District GO 2.000% 2/1/24 1,550 1,6222 Pulaski County Special School District GO 2.000% 2/1/25 1,460 1,543

Rogers School District No. 30 GO 5.000% 2/1/21 1,500 1,517

8,620California (6.4%)

Alameda Corridor Transportation Authority Port, Airport & Marina Revenue 5.000% 10/1/23 1,835 2,057Bay AreaToll Authority Highway Revenue PUT 2.000% 4/1/21 12,385 12,423Bay AreaToll Authority Highway Revenue PUT 2.100% 4/1/22 12,165 12,365Bay AreaToll Authority Highway Revenue PUT 2.250% 4/1/22 15,425 15,700Bay AreaToll Authority Highway Revenue PUT 2.000% 4/1/24 500 518Bay AreaToll Authority Highway Revenue PUT 2.125% 4/1/25 1,165 1,224

5 Bay AreaToll Authority Highway Revenue PUT, 70% of 3M USD LIBOR + 0.550% 0.708% 4/1/21 24,240 24,2415 Bay AreaToll Authority Highway Revenue PUT, SIFMA Municipal Swap IndexYield + 0.700% 0.820% 4/1/21 2,575 2,5765 Bay AreaToll Authority Highway Revenue PUT, SIFMA Municipal Swap IndexYield + 0.900% 1.020% 5/1/23 6,505 6,5625 Bay AreaToll Authority Highway Revenue PUT, SIFMA Municipal Swap IndexYield + 0.900% 1.020% 5/1/23 4,690 4,7315 Bay AreaToll Authority Highway Revenue PUT, SIFMA Municipal Swap IndexYield + 0.900% 1.020% 5/1/23 14,625 14,7545 Bay AreaToll Authority Highway Revenue PUT, SIFMA Municipal Swap IndexYield + 1.100% 1.220% 4/1/24 7,450 7,563

California Department ofWater Resources Power Supply Electric Power & Light Revenue, ETM 5.000% 5/1/22 605 6485 California Department ofWater ResourcesWater Revenue PUT, SIFMA Municipal Swap IndexYield + 0.370% 0.490% 12/1/22 32,200 32,296

California Educational Facilities Authority College & University Revenue 5.000% 12/1/20 180 180California Educational Facilities Authority College & University Revenue 5.000% 4/1/21 375 381California Educational Facilities Authority College & University Revenue 5.000% 4/1/22 1,000 1,052California Educational Facilities Authority College & University Revenue VRDO 0.130% 11/5/20 17,115 17,115California GO 0.150% 12/2/20 22,000 22,000California GO 5.000% 11/1/21 43,230 45,259California GO 5.000% 11/1/21 14,180 14,846California GO 5.000% 3/1/22 15,000 15,940California GO 5.000% 4/1/22 14,500 15,463California GO 5.000% 4/1/22 1,465 1,562California GO 5.000% 9/1/22 150 163California GO 5.000% 9/1/22 150 163California GO 5.000% 9/1/22 1,790 1,944California GO 5.250% 9/1/22 200 218California GO 5.000% 10/1/22 5,000 5,449California GO 5.000% 3/1/23 3,140 3,482California GO 5.000% 8/1/23 2,590 2,922California GO 5.000% 10/1/23 4,125 4,686California GO 5.000% 11/1/23 1,450 1,450California GO 5.000% 11/1/23 45 51California GO 5.000% 12/1/23 200 229California GO 5.000% 2/1/24 305 337California GO 5.000% 8/1/24 20 23California GO 5.000% 8/1/24 20 23California GO 5.000% 9/1/24 15 18California GO 5.000% 10/1/24 750 885California GO 5.000% 10/1/24 175 207California GO 4.000% 11/1/24 16,780 19,202California GO 5.000% 11/1/24 20 23California GO 5.000% 11/1/24 5,000 5,920California GO 5.000% 2/1/25 15 16

Short-TermTax-Exempt Fund

10

CouponMaturity

Date

FaceAmount

($000)

MarketValue•

($000)

California GO 4.000% 3/1/25 40 46California GO 5.000% 10/1/25 35 43California GO 5.000% 11/1/25 2,875 3,526California GO 3.000% 3/1/26 9,495 10,751California GO 4.000% 3/1/26 150 178California GO 5.000% 8/1/26 230 288California GO 5.000% 8/1/26 4,785 5,986California GO 5.000% 8/1/26 50 60California GO 5.000% 8/1/26 245 306California GO 4.000% 9/1/26 120 144California GO 5.000% 9/1/26 120 150California GO 5.000% 10/1/26 135 170California GO 5.000% 10/1/26 300 371California GO 5.000% 10/1/26 100 126California GO 5.000% 11/1/26 250 315California GO PUT 4.000% 12/1/21 8,825 9,017

5 California GO PUT, 70% of 1M USD LIBOR + 0.760% 0.864% 12/1/21 17,575 17,5795 California GO PUT, SIFMA Municipal Swap IndexYield + 0.380% 0.500% 12/1/22 68,915 68,9045 California GO PUT, SIFMA Municipal Swap IndexYield + 0.430% 0.550% 12/1/23 2,000 2,000

California Health Facilities Financing Authority 0.240% 2/4/21 13,405 13,405California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 2/1/21 1,000 1,011California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue 5.000% 8/15/22 200 216California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 10/18/22 8,025 8,739California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/1/22 50 55California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/1/22 125 136California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/1/22 85 93California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 3.000% 3/1/24 8,465 8,957California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 4.000% 10/1/24 300 341California Health Facilities Financing Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 10/1/25 8,430 10,227

1,4 California Health Facilities Financing Authority Revenue (Kaiser Permanente) TOB VRDO 0.140% 11/5/20 10,200 10,2001,4 California Health Facilities Financing Authority Revenue (Sutter Health) TOB VRDO 0.200% 11/5/20 3,100 3,1001,4 California Health Facilities Financing Authority Revenue (Sutter Health) TOB VRDO 0.200% 11/5/20 2,305 2,3051,4 California Health Facilities Financing Authority Revenue (Sutter Health) TOB VRDO 0.220% 11/5/20 2,700 2,7001,4 California Health Facilities Financing Authority Revenue (Sutter Health) TOB VRDO 0.220% 11/5/20 9,715 9,7151,4 California Health Facilities Financing Authority Revenue (Sutter Health) TOB VRDO 0.220% 11/5/20 12,610 12,6101,4 California Health Facilities Financing Authority RevenueTOB VRDO 0.340% 11/5/20 68,600 68,600

California Housing Finance Local or Guaranteed Housing Revenue PUT 1.450% 4/1/22 5,000 5,035California Infrastructure & Economic Development Bank Miscellaneous Revenue 5.000% 7/1/23 200 217

5 California Infrastructure & Economic Development Bank Miscellaneous Revenue PUT, 1M USD LIBOR +0.200% 0.304% 4/1/21 2,500 2,500

5 California Infrastructure & Economic Development Bank Miscellaneous Revenue PUT, 70% of 1M USD LIBOR+ 0.200% 0.304% 4/1/21 6,640 6,640

5 California Infrastructure & Economic Development Bank Miscellaneous Revenue PUT, 70% of 1M USD LIBOR+ 0.200% 0.304% 4/1/21 6,330 6,330

California Infrastructure & Economic Development Bank Recreational Revenue 5.000% 7/1/26 550 6335 California Infrastructure & Economic Development Bank Recreational Revenue PUT, 70% of 1M USD LIBOR +

0.380% 0.480% 8/1/21 375 3745 California Infrastructure & Economic Development Bank Recreational Revenue PUT, 70% of 1M USD LIBOR +

0.380% 0.486% 8/1/21 15,275 15,2295 California Infrastructure & Economic Development Bank Recreational Revenue PUT, 70% of 1M USD LIBOR +

0.650% 0.753% 2/1/21 25,000 24,9945 California Infrastructure & Economic Development Bank Recreational Revenue PUT, 70% of 1M USD LIBOR +

0.650% 0.753% 2/1/21 275 275California Municipal Finance Authority College & University Revenue 5.000% 10/1/21 250 258California Municipal Finance Authority College & University Revenue 5.000% 10/1/22 250 266California Municipal Finance Authority Health, Hospital, Nursing Home Revenue 5.000% 2/1/21 1,000 1,010

1 California Pollution Control Financing Authority Resource Recovery Revenue PUT 0.300% 2/1/21 22,155 22,1552 California State PublicWorks Board Lease (Abatement) Revenue 5.000% 2/1/22 10,000 10,1242 California State PublicWorks Board Lease (Abatement) Revenue 5.000% 2/1/23 5,000 5,2662 California State PublicWorks Board Lease (Abatement) Revenue 5.000% 2/1/24 6,500 7,1072 California State PublicWorks Board Lease (Abatement) Revenue 5.000% 2/1/25 7,750 8,7632 California State PublicWorks Board Lease (Abatement) Revenue 5.000% 2/1/26 1,550 1,803

California State PublicWorks Board Lease (Abatement) Revenue (Various Capital Projects) 5.000% 3/1/21 200 203California State PublicWorks Board Lease (Abatement) Revenue (Various Capital Projects) 5.000% 3/1/22 800 851California State PublicWorks Board Lease (Abatement) Revenue (Various Capital Projects) 5.000% 11/1/22 100 109California State PublicWorks Board Lease (Abatement) Revenue (Various Capital Projects) 5.000% 3/1/23 600 664California State PublicWorks Board Lease (Abatement) Revenue (Various Capital Projects) 5.000% 3/1/24 1,000 1,151California State University College & University Revenue PUT 4.000% 11/1/21 70 71California State University College & University Revenue PUT 4.000% 11/1/23 135 146California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000% 1/1/21 300 302

Short-TermTax-Exempt Fund

11

CouponMaturity

Date

FaceAmount

($000)

MarketValue•

($000)

California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 5.000% 1/1/22 500 5236 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 0.350% 7/1/40 35,950 35,9506 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 0.350% 7/1/40 20,525 20,5256 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue 0.350% 7/1/41 1,400 1,4001 California Statewide Communities Development Authority Health, Hospital, Nursing Home Revenue PUT 4.000% 8/15/24 10,405 11,704

California Statewide Communities Development Authority Local or Guaranteed Housing Revenue PUT 1.250% 6/1/21 2,160 2,171California Statewide Communities Development Authority Local or Guaranteed Housing Revenue PUT 1.250% 6/1/21 1,805 1,814California Statewide Communities Development Authority Revenue 0.250% 1/7/21 29,500 29,503

1,4 California Statewide Communities Development Authority RevenueTOB VRDO 0.720% 11/5/20 2,500 2,5005 Contra Costa Transportation Authority Sales Tax Revenue PUT, 70% of 1M USD LIBOR + 0.250% 0.354% 9/1/21 3,270 3,261

Eastern Municipal Water District Financing AuthorityWater Revenue 5.000% 7/1/24 350 4115 Eastern Municipal Water DistrictWater Revenue PUT, 70% of 1M USD LIBOR + 0.300% 0.404% 10/1/21 3,850 3,8395 Eastern Municipal Water DistrictWater Revenue PUT, SIFMA Municipal Swap IndexYield + 0.250% 0.370% 10/1/21 1,225 1,225

Foothill-Eastern Transportation Corridor Agency Highway Revenue, Prere. 6.000% 1/15/24 36,200 42,766Fresno Joint Powers Financing Authority Lease (Abatement) Revenue (Master Lease Project) 5.000% 4/1/21 1,250 1,273Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000% 6/1/21 2,745 2,817Golden State Tobacco Securitization Corp. Tobacco Settlement Funded Revenue 5.000% 6/1/22 7,165 7,664Long Beach CA Harbor Port, Airport & Marina Revenue 5.000% 12/15/20 18,500 18,603

2 Los Angeles CA Unified School District GO 4.000% 7/1/22 6,400 6,784Los Angeles CA Unified School District GO 5.000% 10/1/22 970 1,052

2 Los Angeles CA Unified School District GO 5.000% 7/1/23 6,000 6,7293 Los Angeles CA Unified School District GO 5.000% 10/1/23 1,000 1,1292 Los Angeles CA Unified School District GO 5.000% 7/1/24 27,530 32,0173 Los Angeles CA Unified School District GO 5.000% 10/1/24 875 1,0242 Los Angeles CA Unified School District GO 5.000% 7/1/25 14,100 16,967

Los Angeles CAWastewater System Sewer Revenue 5.000% 6/1/23 550 6174 Los Angeles CAWastewater SystemWater Revenue VRDO 0.110% 11/5/20 4,100 4,100

MetropolitanWater District of Southern CaliforniaWater Revenue 5.000% 7/1/23 295 3325 MetropolitanWater District of Southern CaliforniaWater Revenue PUT, SIFMA Municipal Swap IndexYield +

0.250% 0.370% 6/21/21 1,000 1,000Mountain View-Whisman School District GO 3.000% 9/1/21 500 512Mountain View-Whisman School District GO 4.000% 9/1/22 1,000 1,069Northern California Energy Authority Natural Gas Revenue PUT 4.000% 7/1/24 33,200 36,931

1 Nuveen California AMT-Free Quality Municipal Income Fund VRDO VRDP 0.600% 11/2/20 10,000 10,000Orange County CA Airport Port, Airport & Marina Revenue 5.000% 7/1/24 135 157

6 Palomar Health COP 0.700% 11/1/36 7,875 7,8756 Palomar Health COP 0.720% 11/1/36 16,925 16,9256 Palomar Health COP 0.770% 11/1/36 10,425 10,425

Palomar Health GO 5.000% 8/1/21 500 5154 Pasadena CA COP VRDO 0.130% 11/5/20 9,155 9,155

Peralta Community College District GO 5.000% 8/1/23 1,030 1,161Peralta Community College District GO 5.000% 8/1/25 500 607

1,4 Regents of the University of California Medical Center Pooled RevenueTOB VRDO, Prere. 0.140% 11/5/20 20,850 20,8504 Riverside CA Electric Power & Light Revenue VRDO 0.120% 11/4/20 12,200 12,200

Roseville Natural Gas Financing Authority Natural Gas Revenue 5.000% 2/15/23 335 367Sacramento County CA COP 5.000% 10/1/21 1,095 1,139Sacramento County CA COP 5.000% 10/1/22 825 894Sacramento County CA COP 5.000% 10/1/23 900 1,014

6 Sacramento County CA COP 5.000% 10/1/24 1,420 1,658Sacramento Municipal Utility District Electric Power & Light Revenue PUT 5.000% 10/17/23 455 504San Diego Association of Governments Appropriations Revenue 5.000% 11/15/23 11,250 12,242San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000% 7/1/23 500 558San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000% 7/1/23 2,000 2,231San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000% 7/1/24 1,000 1,156San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000% 7/1/24 5,000 5,780San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000% 7/1/25 845 1,008San Diego County Regional Airport Authority Port, Airport & Marina Revenue 5.000% 7/1/25 3,000 3,580San Diego Public Facilities Financing Authority Lease (Non-Terminable) Revenue 5.000% 8/1/21 300 311San Diego Public Facilities Financing Authority Lease (Non-Terminable) Revenue 5.000% 8/1/23 300 339San Diego Public Facilities Financing Authority Lease (Non-Terminable) Revenue 5.000% 8/1/24 1,350 1,587San Diego Public Facilities Financing Authority Sewer Revenue 5.000% 5/15/23 10 11San Francisco CA City & County GO 5.000% 6/15/22 1,375 1,481San Francisco CA City & County GO 5.000% 6/15/24 2,500 2,920San Francisco CA City & County GO 2.000% 6/15/26 3,860 4,166San Francisco City & County Public Utilities CommissionWastewater Sewer Revenue PUT 2.125% 10/1/23 3,210 3,321San Jose CA Hotel Tax Hotel OccupancyTax Revenue 5.000% 5/1/22 700 710

3 San Leandro Unified School District GO 4.000% 8/1/23 500 5493 San Leandro Unified School District GO 4.000% 8/1/24 200 2273 San Leandro Unified School District GO 4.000% 8/1/25 135 157

Short-TermTax-Exempt Fund

12

CouponMaturity

Date

FaceAmount

($000)

MarketValue•

($000)

Soledad Unified School District Ad Valorem Property Tax Revenue BAN 0.000% 8/1/21 2,100 2,091Southern California Public Power Authority Electric Power & Light Revenue 5.000% 7/1/22 1,600 1,728Southern California Public Power Authority Electric Power & Light Revenue 5.000% 7/1/23 2,500 2,809Southern California Public Power Authority Electric Power & Light Revenue 5.000% 4/1/24 17,850 20,512Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project) PUT 0.650% 7/1/25 20,000 19,976Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project) PUT 2.250% 7/1/40 5,000 5,000

5 Southern California Public Power Authority Electric Power & Light Revenue (Canyon Power Project) PUT, SIFMAMunicipal Swap IndexYield + 0.250% 0.370% 11/5/20 29,315 29,315

3 Stockton Public Financing Authority Lease Revenue 5.000% 10/1/22 1,400 1,5132 Tulare CA Sewer Revenue 4.000% 11/15/21 110 1142 Tulare CA Sewer Revenue 4.000% 11/15/22 645 6902 Tulare CA Sewer Revenue 4.000% 11/15/23 670 7392 Tulare CA Sewer Revenue 5.000% 11/15/24 705 8262 Tulare CA Sewer Revenue 5.000% 11/15/25 740 8942 UnitedWater Conservation District COP 5.000% 10/1/22 600 6532 UnitedWater Conservation District COP 5.000% 10/1/23 805 9122 UnitedWater Conservation District COP 5.000% 10/1/24 845 995

University of California College & University Revenue 5.000% 5/15/23 100 112University of California College & University Revenue 4.000% 5/15/24 100 113University of California College & University Revenue PUT 5.000% 5/15/23 1,800 2,012University of California Regents Medical Center Pooled Revenue 0.140% 12/4/20 23,500 23,503University of California Regents Medical Center Pooled Revenue 0.190% 12/15/20 12,000 12,000Vernon CA Electric System Electric Power & Light Revenue 5.000% 8/1/21 3,765 3,873West Sonoma County Union High School District GO 4.000% 8/1/21 130 134West Sonoma County Union High School District GO 4.000% 8/1/22 200 213West Sonoma County Union High School District GO 4.000% 8/1/23 135 149

1,280,581Colorado (1.6%)

Adams & Arapahoe Joint School District 28J Aurora GO 5.000% 12/1/20 1,455 1,4606 Castle Oaks Metropolitan District No. 3 GO 4.000% 12/1/25 100 115

Colorado COP 5.000% 12/15/23 2,750 3,143Colorado COP 5.000% 12/15/25 3,875 4,747Colorado Educational & Cultural Facilities Authority Charter School Aid Revenue (American Academy Project) 5.000% 12/1/22 300 325Colorado Educational & Cultural Facilities Authority Charter School Aid Revenue (American Academy Project) 5.000% 12/1/23 685 768Colorado Educational & Cultural Facilities Authority Charter School Aid Revenue (American Academy Project) 5.000% 12/1/24 720 834Colorado Educational & Cultural Facilities Authority Charter School Aid Revenue (American Academy Project) 5.000% 12/1/25 760 906Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 1/1/21 325 326Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 10/1/21 100 104Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 10/1/22 100 108Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/1/22 1,315 1,430Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 1/1/23 615 636Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 1/1/23 1,000 1,094Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 10/1/23 85 95Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/1/23 1,425 1,609Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 1/1/24 1,680 1,908Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 10/1/24 100 116Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/1/24 1,000 1,168Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 1/1/25 325 343Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 10/1/25 100 120Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue (Valley View Hospital Association

Project) PUT 2.800% 5/15/23 3,140 3,274Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/23 2,855 3,248Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue, ETM 5.000% 6/1/21 1,000 1,027Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue, ETM 5.000% 6/1/22 720 773Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue, Prere. 5.000% 2/1/21 750 759Colorado Health Facilities Authority Health, Hospital, Nursing Home Revenue, Prere. 5.625% 6/1/23 1,490 1,693

1,4 Colorado Health Facilities Authority Revenue (Sisters of Charity of Leavenworth Health System) TOB VRDO 0.150% 11/5/20 6,750 6,750Colorado Housing and Finance Authority Local or Guaranteed Housing Revenue (Multi-Family Project) 1.350% 2/1/22 4,900 4,925

1,4 Colorado Regional Transportation District TOB VRDO 0.220% 11/5/20 18,255 18,255Colorado Springs CO Utilities System Sewer Revenue 5.000% 11/15/22 2,000 2,193Dawson Ridge Metropolitan District No. 1 GO, ETM 0.000% 10/1/22 6,000 5,952Denver Board ofWater Commissioners City & CountyWater Revenue 4.000% 12/15/22 1,085 1,131Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000% 11/15/22 5,000 5,008Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000% 11/15/23 375 423Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000% 11/15/23 2,220 2,520Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000% 11/15/23 4,360 4,949Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000% 11/15/24 2,055 2,417Denver CO City & County Airport System Port, Airport & Marina Revenue 5.000% 11/15/24 1,485 1,747

7 Denver CO City & County Airport System Port, Airport & Marina Revenue 0.490% 11/15/25 22,925 22,925

Short-TermTax-Exempt Fund

13

CouponMaturity

Date

FaceAmount

($000)

MarketValue•

($000)

Denver CO City & County Airport System Port, Airport & Marina Revenue PUT 5.000% 11/15/22 8,750 9,562Denver CO City & County COP VRDO 0.110% 11/2/20 9,705 9,705

3 Dove Valley Metropolitan District GO 4.000% 12/1/21 250 2603 Dove Valley Metropolitan District GO 4.000% 12/1/23 225 249

E-470 Public Highway Authority Highway Revenue 5.000% 9/1/23 75 85E-470 Public Highway Authority Highway Revenue 0.000% 9/1/24 12,225 11,864E-470 Public Highway Authority Highway Revenue 5.000% 9/1/24 225 263E-470 Public Highway Authority Highway Revenue 5.000% 9/1/25 150 181

5 E-470 Public Highway Authority Highway Revenue PUT, 67% of 1M USD LIBOR + 0.420% 0.520% 9/1/21 3,125 3,1165 E-470 Public Highway Authority Highway Revenue PUT, 67% of 1M USD LIBOR + 1.050% 1.147% 9/1/21 4,000 4,0033 Fossil Ridge Metropolitan District No. 3 GO 5.000% 12/1/22 300 3273 Fossil Ridge Metropolitan District No. 3 GO 5.000% 12/1/24 430 5036 Interlocken Metropolitan District GO 5.000% 12/1/21 400 4206 Interlocken Metropolitan District GO 5.000% 12/1/22 675 738

Larimer County School District No. R-1 Poudre GO 4.000% 12/15/23 795 888MetroWastewater Reclamation District Sewer Revenue 5.000% 4/1/22 13,910 14,844Moffat County CO Electric Power & Light Revenue (Tri-State Generation andTransmission Association Project)

PUT 2.000% 10/3/22 14,350 14,613Park Creek Metropolitan District Indirect Ad Valorem Property Revenue 4.000% 12/1/20 1,055 1,058Regional Transportation District Appropriations Revenue (Denver Transit Partners Project) 5.000% 1/15/22 2,800 2,803Regional Transportation District Appropriations Revenue (Denver Transit Partners Project) 5.125% 7/15/23 3,250 3,253Regional Transportation District COP 5.000% 6/1/24 2,715 3,014Southlands Metropolitan District No. 1 GO 3.000% 12/1/22 171 172University of Colorado College & University Revenue 5.000% 6/1/22 175 188University of Colorado College & University Revenue PUT 2.000% 10/15/24 15,325 16,157University of Colorado College & University Revenue VRDO 0.110% 11/4/20 31,400 31,400University of Colorado College & University Revenue, ETM 5.000% 6/1/22 545 585University of Colorado Hospital Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 3/1/22 16,405 16,958University of Colorado Hospital Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 11/15/24 10,000 11,529University of Colorado Hospital Authority Health, Hospital, Nursing Home Revenue VRDO 0.110% 11/4/20 48,405 48,405

6 Vauxmont Metropolitan District GO 5.000% 12/15/21 100 1056 Vauxmont Metropolitan District GO 5.000% 12/1/22 165 1796 Vauxmont Metropolitan District GO 5.000% 12/15/23 115 1296 Vauxmont Metropolitan District GO 5.000% 12/1/24 200 2336 Vauxmont Metropolitan District GO 5.000% 12/15/25 125 149

319,262Connecticut (2.3%)

Connecticut GO 5.000% 4/15/21 6,000 6,127Connecticut GO 3.000% 6/1/21 525 533Connecticut GO 5.000% 6/15/21 2,780 2,861Connecticut GO 5.000% 2/15/22 7,000 7,422Connecticut GO 5.000% 4/15/22 500 534Connecticut GO 5.000% 4/15/22 3,750 4,005Connecticut GO 5.000% 5/15/22 1,500 1,538Connecticut GO 5.000% 5/15/22 925 992Connecticut GO 3.000% 6/1/22 550 573Connecticut GO 5.000% 6/15/22 4,675 5,029Connecticut GO 5.000% 10/1/22 1,425 1,430Connecticut GO 5.000% 10/15/22 6,295 6,870Connecticut GO 5.000% 11/1/22 500 523Connecticut GO 5.000% 12/15/22 395 434Connecticut GO 5.000% 1/15/23 2,000 2,203Connecticut GO 5.000% 1/15/23 4,445 4,897Connecticut GO 5.000% 4/15/23 3,375 3,601Connecticut GO 5.000% 4/15/23 2,405 2,676Connecticut GO 5.000% 4/15/23 3,510 3,905Connecticut GO 3.000% 6/1/23 325 347Connecticut GO 4.000% 6/1/23 210 229Connecticut GO 5.000% 6/15/23 1,105 1,237Connecticut GO 5.000% 9/15/23 1,310 1,482Connecticut GO 5.000% 10/15/23 3,665 4,160Connecticut GO 5.000% 10/15/23 520 567Connecticut GO 5.000% 11/1/23 295 309Connecticut GO 5.000% 11/15/23 1,020 1,161Connecticut GO 5.000% 1/15/24 12,950 14,802Connecticut GO 5.000% 4/15/24 235 271Connecticut GO 5.000% 5/15/24 75 87Connecticut GO 3.000% 6/1/24 535 582Connecticut GO 4.000% 6/1/24 275 309

Short-TermTax-Exempt Fund

14

CouponMaturity

Date

FaceAmount

($000)

MarketValue•

($000)

Connecticut GO 5.000% 6/1/24 6,215 6,666Connecticut GO 5.000% 10/15/24 3,305 3,749Connecticut GO 5.000% 4/15/25 1,505 1,799Connecticut GO 4.000% 5/15/25 3,800 4,364Connecticut GO 4.000% 6/1/25 500 575Connecticut GO 5.000% 11/1/25 1,950 2,038

5 Connecticut GO, SIFMA Municipal Swap IndexYield + 0.950% 1.070% 3/1/24 85 86Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue PUT 1.500% 11/15/20 1,155 1,155

2 Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue PUT 0.375% 11/15/21 10,170 10,166Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue PUT 2.600% 11/15/21 7,070 7,081Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue PUT 1.625% 11/15/22 2,000 2,001

2 Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue PUT 0.500% 11/15/23 18,005 17,969Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue VRDO 0.110% 11/5/20 10,000 10,000Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue VRDO 0.110% 11/5/20 10,775 10,775Connecticut Housing Finance Authority Local or Guaranteed Housing Revenue VRDO 0.130% 11/5/20 25,395 25,395Connecticut Special Tax Fuel Sales Tax Revenue 5.000% 5/1/22 425 455Connecticut Special Tax Fuel Sales Tax Revenue 5.000% 10/1/22 3,605 3,927Connecticut Special Tax Fuel Sales Tax Revenue 5.000% 5/1/23 835 930Connecticut Special Tax Fuel Sales Tax Revenue 5.000% 8/1/23 110 124Connecticut Special Tax Fuel Sales Tax Revenue 5.000% 9/1/23 11,245 12,700Connecticut Special Tax Fuel Sales Tax Revenue 5.000% 1/1/24 385 423Connecticut Special Tax Fuel Sales Tax Revenue 5.000% 5/1/24 515 595Connecticut Special Tax Fuel Sales Tax Revenue 5.000% 5/1/25 500 599Connecticut Special Tax Fuel Sales Tax Revenue 5.000% 9/1/25 1,970 2,302Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000% 11/1/20 2,215 2,215Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000% 7/1/21 1,380 1,402Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000% 7/1/21 165 168Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000% 11/1/21 1,325 1,384Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000% 7/1/22 765 796Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000% 7/1/22 380 396Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000% 7/1/23 415 441Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000% 7/1/24 375 406Connecticut State Health & Educational Facilities Authority College & University Revenue 5.000% 7/1/25 390 428Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 1.800% 2/9/21 23,645 23,740Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 1.800% 2/9/21 16,990 17,058Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 2.050% 7/12/21 61,650 62,399Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 2.000% 2/8/22 10,050 10,258Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 2.000% 2/8/22 735 750Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 2.000% 2/8/22 1,275 1,301Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 1.450% 7/1/22 24,675 25,120Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 1.450% 7/1/22 25,325 25,782Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 5.000% 7/1/22 13,825 14,915Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 5.000% 7/1/22 4,600 4,963Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 5.000% 2/1/23 3,255 3,593Connecticut State Health & Educational Facilities Authority College & University Revenue PUT 1.100% 2/7/23 13,065 13,268Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 7/1/21 2,290 2,350Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 7/1/22 2,925 3,104Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 12/1/22 1,000 1,080Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 7/1/23 1,885 2,065Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 7/1/24 2,265 2,556

1 Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue 2.750% 1/1/26 325 326Connecticut State Health & Educational Facilities Authority Health, Hospital, Nursing Home Revenue PUT 1.800% 7/1/24 13,750 14,253Connecticut State Health & Educational Facilities Authority Local or Guaranteed Housing Revenue 5.000% 7/1/22 125 134Connecticut State Health & Educational Facilities Authority Local or Guaranteed Housing Revenue 5.000% 7/1/23 125 140Connecticut State Health & Educational Facilities Authority Local or Guaranteed Housing Revenue 5.000% 7/1/24 125 144Connecticut State Health & Educational Facilities Authority Local or Guaranteed Housing Revenue 5.000% 7/1/25 125 149Connecticut State Higher Education Supplement Loan Authority Student Loan Revenue (Chesla Loan Program) 5.000% 11/15/21 135 140Connecticut State Higher Education Supplement Loan Authority Student Loan Revenue (Chesla Loan Program) 5.000% 11/15/21 175 182Connecticut State Higher Education Supplement Loan Authority Student Loan Revenue (Chesla Loan Program) 5.000% 11/15/22 120 129Connecticut State Higher Education Supplement Loan Authority Student Loan Revenue (Chesla Loan Program) 5.000% 11/15/22 255 273Connecticut State Higher Education Supplement Loan Authority Student Loan Revenue (Chesla Loan Program) 5.000% 11/15/23 255 282Connecticut State Higher Education Supplement Loan Authority Student Loan Revenue (Chesla Loan Program) 5.000% 11/15/23 250 276Connecticut State Higher Education Supplement Loan Authority Student Loan Revenue (Chesla Loan Program) 5.000% 11/15/24 160 181Connecticut State Higher Education Supplement Loan Authority Student Loan Revenue (Chesla Loan Program) 5.000% 11/15/24 250 284Connecticut State Higher Education Supplement Loan Authority Student Loan Revenue (Chesla Loan Program) 5.000% 11/15/25 160 186Connecticut State Higher Education Supplement Loan Authority Student Loan Revenue (Chesla Loan Program) 5.000% 11/15/25 175 203Metropolitan District GO 5.000% 7/15/21 1,310 1,352Metropolitan District GO 5.000% 7/15/22 1,000 1,076Metropolitan District GO 5.000% 7/15/22 2,500 2,691

Short-TermTax-Exempt Fund

15

CouponMaturity

Date

FaceAmount

($000)

MarketValue•

($000)

Metropolitan District GO 5.000% 7/15/23 525 586Metropolitan District GO 5.000% 7/15/23 1,000 1,116Metropolitan District GO 5.000% 7/15/23 1,045 1,167

6 New Haven CT GO, ETM 5.000% 8/15/21 1,000 1,038University of Connecticut College & University Revenue 5.000% 8/15/24 200 224

456,040Delaware (0.2%)

Delaware GO 5.000% 2/1/21 1,560 1,578Delaware GO 5.000% 3/1/21 1,585 1,610Delaware GO 5.000% 8/1/24 2,740 3,095Delaware State Economic Development Authority Electric Power & Light Revenue PUT 1.050% 7/1/25 3,750 3,770DelawareTransportation Authority Appropriations Revenue 5.000% 9/1/24 1,180 1,384DelawareTransportation Authority Fuel Sales Tax Revenue 5.000% 7/1/23 12,990 14,019New Castle County DE GO 5.000% 4/1/21 2,355 2,401New Castle County DE GO 5.000% 4/1/22 1,845 1,969New Castle County DE GO 5.000% 10/1/22 5,520 6,023University of Delaware College & University Revenue 5.000% 11/1/20 725 725University of Delaware College & University Revenue 5.000% 11/1/21 800 838University of Delaware College & University Revenue 5.000% 11/1/22 1,110 1,213University of Delaware College & University Revenue 5.000% 11/1/23 1,065 1,213University of Delaware College & University Revenue 5.000% 11/1/24 1,115 1,318

41,156District of Columbia (0.6%)4 District of Columbia College & University Revenue VRDO 0.100% 11/5/20 19,105 19,105

District of Columbia GO 5.000% 6/1/21 825 8484 District of Columbia Miscellaneous Revenue VRDO 0.120% 11/5/20 57,285 57,285

District of ColumbiaWater & Sewer AuthorityWater Revenue PUT 1.750% 10/1/24 3,600 3,728District of ColumbiaWater & Sewer AuthorityWater Revenue, Prere. 5.000% 10/1/23 150 170District of ColumbiaWater & Sewer AuthorityWater Revenue, Prere. 5.000% 10/1/23 250 284MetropolitanWashington Airports Authority Port, Airport & Marina Revenue 5.000% 10/1/21 630 657MetropolitanWashington Airports Authority Port, Airport & Marina Revenue 5.000% 10/1/22 3,445 3,737MetropolitanWashington Airports Authority Port, Airport & Marina Revenue 5.000% 10/1/23 820 927MetropolitanWashington Airports Authority Port, Airport & Marina Revenue 5.000% 10/1/24 1,395 1,635MetropolitanWashington Airports Authority Port, Airport & Marina Revenue 5.000% 10/1/25 1,030 1,247

4 MetropolitanWashington Airports Authority Port, Airport & Marina Revenue VRDO 0.140% 11/5/20 18,510 18,510Washington Convention & Sports Authority MiscellaneousTaxes Revenue 5.000% 10/1/21 2,500 2,558Washington Metropolitan AreaTransit Authority Transit Revenue 5.000% 7/15/24 2,000 2,340Washington Metropolitan AreaTransit Authority Transit Revenue 5.000% 7/15/25 1,000 1,212

114,243Florida (2.3%)

Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 12/1/21 380 397Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 12/1/22 350 380Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 4.000% 12/1/23 1,000 1,097Alachua County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 12/1/24 1,210 1,410Atlantic Beach FL Health, Hospital, Nursing Home Revenue (Fleet Landing Project) 3.000% 11/15/23 1,920 1,920Broward County FL Airport System Port, Airport & Marina Revenue 5.000% 10/1/21 450 469Broward County FL GO 5.000% 1/1/21 1,255 1,265Broward County FL School District COP 5.000% 7/1/22 4,830 5,205

6 Cape Coral FLWater & Sewer 2.000% 9/1/21 1,095 1,106Capital Projects Finance Authority College & University Revenue (Florida University Project) 5.000% 10/1/25 400 440Clay County FL Sales Surtax Sales Tax Revenue 5.000% 10/1/22 655 713Clay County FL Sales Surtax Sales Tax Revenue 5.000% 10/1/23 405 459Clay County FL Sales Surtax Sales Tax Revenue 5.000% 10/1/24 370 436Escambia County FL Electric Power & Light Revenue (Gulf Power Co. Project) PUT 1.800% 11/19/20 20,000 20,011Escambia County FL Industrial Revenue PUT 2.000% 10/1/24 825 858Florida Department of Management Services COP 5.000% 11/1/21 6,995 7,327Florida Department of Management Services COP 5.000% 11/1/24 8,625 10,136Florida Department of Transportation Turnpike System Highway Revenue 5.000% 7/1/23 5,715 6,428Florida Development Finance Corp. Charter School Aid Revenue 4.000% 6/15/24 215 233Florida Development Finance Corp. Charter School Aid Revenue 4.000% 6/15/25 225 248Florida Development Finance Corp. College & University Revenue 5.000% 4/1/21 400 407Florida Development Finance Corp. College & University Revenue 5.000% 4/1/23 350 382Florida Development Finance Corp. College & University Revenue 5.000% 4/1/25 215 250Florida GO 5.000% 6/1/21 5,190 5,333Florida GO 5.000% 6/1/22 4,885 5,250Florida GO 5.000% 6/1/22 4,670 5,019Florida GO 5.000% 7/1/22 3,450 3,721Florida GO 5.000% 6/1/23 300 336

Short-TermTax-Exempt Fund

16

CouponMaturity

Date

FaceAmount

($000)

MarketValue•

($000)

Florida GO 5.000% 6/1/23 4,895 5,489Florida GO 5.000% 7/1/23 3,620 4,073Florida GO 5.000% 7/1/25 1,000 1,031

6 Florida Governmental Utility AuthorityWater Revenue 4.000% 10/1/21 375 3886 Florida Governmental Utility AuthorityWater Revenue 5.000% 10/1/22 600 6536 Florida Governmental Utility AuthorityWater Revenue 5.000% 10/1/23 300 340

Florida Higher Educational Facilities Financial Authority College & University Revenue 5.000% 10/1/22 250 261Florida Higher Educational Facilities Financial Authority College & University Revenue 5.000% 10/1/24 750 810Florida Lottery Revenue 5.000% 7/1/21 21,010 21,670Gainesville FL Utilities System Multiple Utility Revenue VRDO 0.110% 11/2/20 35,700 35,700Gainesville FL Utilities System Multiple Utility Revenue VRDO 0.130% 11/4/20 23,845 23,845

6 Hernando County School District COP 5.000% 7/1/25 1,250 1,5033 Herons Glen Recreation District 2.500% 5/1/22 225 2313 Herons Glen Recreation District 2.500% 5/1/24 150 158

Highlands County Health Facilities Authority Health, Hospital, Nursing Home Revenue VRDO 0.120% 11/5/20 11,495 11,495Hillsborough County School Board COP 5.000% 7/1/21 1,500 1,546

1,4,5 Jacksonville FL Electric System Revenue PUTTOB, SIFMA Municipal Swap IndexYield + 0.300% 0.420% 11/6/20 45,275 45,275Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000% 11/1/20 815 815Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000% 11/1/21 735 766Jacksonville FL Health, Hospital, Nursing Home Revenue 5.000% 11/1/22 765 827

1,4 Jacksonville FL Housing Finance Authority Revenue (Millennia Project Series 2018A) TOB VRDO 0.720% 11/5/20 17,500 17,500Jacksonville FL Sales Tax Revenue 5.000% 10/1/22 1,775 1,922

1,4 Jacksonville FL Special RevenueTOB VRDO 0.180% 11/5/20 7,800 7,8001,4 JEA Electric System Electric Power & Light Revenue VRDO 0.270% 11/5/20 4,200 4,200

JEAWater & Sewer SystemWater Revenue 5.000% 10/1/23 1,500 1,702JEAWater & Sewer SystemWater Revenue 5.000% 10/1/23 1,015 1,152JEAWater & Sewer SystemWater Revenue, ETM 5.000% 10/1/21 1,500 1,564JEAWater & Sewer SystemWater Revenue, ETM 5.000% 10/1/22 1,000 1,089KeyWest Utility Board Electric Power & Light Revenue 5.000% 10/1/21 255 266KeyWest Utility Board Electric Power & Light Revenue 5.000% 10/1/23 255 290Lake County FL Health, Hospital, Nursing Home Revenue (Lakeside AtWaterman Village Project) 3.375% 8/15/26 670 671Lakeland FL Health, Hospital, Nursing Home Revenue 5.000% 11/15/20 7,215 7,225Lee Memorial Health System Health, Hospital, Nursing Home Revenue 5.000% 4/1/22 1,000 1,063Lee Memorial Health System Health, Hospital, Nursing Home Revenue 5.000% 4/1/23 440 486Lee Memorial Health System Health, Hospital, Nursing Home Revenue 5.000% 4/1/24 775 886Miami Beach Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/22 760 821Miami FL Parking System Auto Parking Revenue 5.000% 10/1/22 890 967Miami FL Parking System Auto Parking Revenue 5.000% 10/1/23 935 1,056Miami FL Parking System Auto Parking Revenue 5.000% 10/1/24 885 1,037

1,6 Miami FL Special Obligation Revenue (Street & Sidewalk Improvement Project) 5.000% 1/1/22 1,115 1,1691,6 Miami FL Special Obligation Revenue (Street & Sidewalk Improvement Project) 5.000% 1/1/23 1,170 1,279

Miami-Dade County Expressway Authority Highway Revenue 5.000% 7/1/21 340 349Miami-Dade County Expressway Authority Highway Revenue 5.000% 7/1/22 1,430 1,530Miami-Dade County Expressway Authority Highway Revenue 4.000% 7/1/23 775 838Miami-Dade County Expressway Authority Highway Revenue 5.000% 7/1/24 305 352

3 Miami-Dade County Expressway Authority Highway Revenue 5.000% 7/1/25 295 3416 Miami-Dade County FL Aviation Port, Airport & Marina Revenue 5.000% 10/1/21 1,445 1,450

Miami-Dade County FL Aviation Port, Airport & Marina Revenue 5.000% 10/1/23 500 501Miami-Dade County FL GO 5.000% 7/1/21 940 969Miami-Dade County FL GO 5.000% 7/1/23 3,045 3,422Miami-Dade County FL Special Obligation Revenue 5.000% 4/1/22 3,010 3,210Miami-Dade County FL Special Obligation Revenue 5.000% 10/1/23 1,200 1,347Miami-Dade County FLWater & SewerWater Revenue, Prere. 5.000% 10/1/23 390 443Miami-Dade County FLWater & SewerWater Revenue, Prere. 5.250% 10/1/23 125 143Miami-Dade County School Board Ad Valorem Property Tax Revenue 3.000% 2/25/21 20,000 20,173North Broward Hospital District Health, Hospital, Nursing Home Revenue 5.000% 1/1/22 1,660 1,737Okeechobee County FL Resource Recovery Revenue PUT 1.550% 7/1/21 1,100 1,108Orange County Convention Center Hotel OccupancyTax Revenue 5.000% 10/1/21 560 580

1,4 Orange County FL Health Facilities Authority Hospital Revenue (Orlando Health Inc.) TOB VRDO 0.220% 11/5/20 11,715 11,715Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 8/1/23 500 548Orange County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 10/1/23 4,000 4,504

6 Orlando FLTourist Development Tax Lease Revenue 4.000% 11/1/20 1,000 1,0006 Orlando FLTourist Development Tax Lease Revenue 4.000% 11/1/21 1,000 1,0326 Orlando FLTourist Development Tax Lease Revenue 5.000% 11/1/22 1,000 1,0846 Orlando-Orange County Expressway Authority Highway Revenue 5.000% 7/1/24 1,250 1,347

Osceola County FLTransportation Highway Revenue 5.000% 10/1/21 150 155Osceola County FLTransportation Highway Revenue 5.000% 10/1/22 160 171Osceola County FLTransportation Highway Revenue 5.000% 10/1/23 200 220Osceola County FLTransportation Highway Revenue 5.000% 10/1/24 170 193

Short-TermTax-Exempt Fund

17

CouponMaturity

Date

FaceAmount

($000)

MarketValue•

($000)

Osceola County FLTransportation Highway Revenue 5.000% 10/1/25 140 1636 Palm Bay FL GO 5.000% 7/1/21 830 8566 Palm Bay FL GO 5.000% 7/1/22 870 9396 Palm Bay FL GO 5.000% 7/1/23 915 1,028

Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 8/15/21 825 853Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 8/15/22 725 781Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 5.000% 8/15/23 500 560Palm Beach County Health Facilities Authority Health, Hospital, Nursing Home Revenue 2.625% 6/1/25 900 899

5 Pasco County School Board COP PUT, SIFMA Municipal Swap IndexYield + 0.750% 0.870% 8/2/23 7,615 7,618Pasco County School Board Sales Tax Revenue 5.000% 10/1/21 1,000 1,038Reedy Creek Improvement District GO 5.000% 6/1/22 1,545 1,660Reedy Creek Improvement District Utility Multiple Utility Revenue 5.000% 10/1/23 1,000 1,099

1,4 South Miami FL Health Facilities Authority (Baptist Health South Florida Obligated Group) TOB VRDO 0.220% 11/6/20 22,395 22,3951,4 South Miami FL Health Facilities Authority Revenue (Baptist Health South Florida Obligated Group) TOB VRDO 0.220% 11/5/20 3,230 3,2301,4 South Miami FL Health Financing Authority (Baptist Health Obligated Group) TOB VRDO 0.220% 11/5/20 34,925 34,925

South Miami Health Facilities Authority Inc. Health, Hospital, Nursing Home Revenue 5.000% 8/15/21 1,250 1,293South Miami Health Facilities Authority Inc. Health, Hospital, Nursing Home Revenue 5.000% 8/15/22 1,075 1,158South Miami Health Facilities Authority Inc. Health, Hospital, Nursing Home Revenue 5.000% 8/15/24 480 556St. Johns River Power Park Electric Power & Light Revenue 5.000% 10/1/22 1,625 1,639

4 Sunshine State Governmental Financing Commission Miscellaneous Revenue (Miami Dade County Program)VRDO 0.150% 11/5/20 18,930 18,930

Tallahassee FL Energy System Electric Power & Light Revenue 5.000% 10/1/24 1,650 1,868Tallahassee FL Health, Hospital, Nursing Home Revenue 5.000% 12/1/20 1,600 1,605Tampa BayWater Revenue 5.000% 10/1/22 1,330 1,388Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000% 7/1/22 200 214Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000% 7/1/23 355 393Tampa FL Health, Hospital, Nursing Home Revenue (H. Lee Moffitt Cancer Center Project) 5.000% 7/1/24 175 201

460,008Georgia (3.5%)

Albany-Dougherty Inner City Authority Lease (Appropriation) Revenue 5.000% 7/1/21 375 385Albany-Dougherty Inner City Authority Lease (Appropriation) Revenue 5.000% 7/1/23 410 454Albany-Dougherty Inner City Authority Lease (Appropriation) Revenue 5.000% 7/1/25 605 713Atlanta GA Airport Passenger Facility Charge Port, Airport & Marina Revenue 5.000% 7/1/21 4,800 4,948Atlanta GA Airport Passenger Facility Charge Port, Airport & Marina Revenue 5.000% 7/1/22 1,290 1,389Atlanta GA Department of Aviation Port, Airport & Marina Revenue 5.000% 7/1/25 5,000 6,013

1,4,6 Atlanta GA Department of Aviation Port, Airport & Marina RevenueTOB VRDO 0.160% 11/5/20 5,000 5,0001,4 Atlanta GAWater &Wastewater RevenueTOB VRDO 0.160% 11/5/20 7,000 7,000

Augusta GAWater & SewerWater Revenue 5.000% 10/1/21 7,530 7,850Bartow County Development Authority Electric Power & Light Revenue (GA Power Co. Pilot Bowen Project)

PUT 2.050% 11/19/21 2,050 2,0811,4 Brookhaven GA Development Authority Revenue (Children's Healthcare of Atlanta Obligated Group) TOB VRDO 0.150% 11/5/20 3,750 3,7501,4 Brookhaven GA Development Authority Revenue (Children's Healthcare of Atlanta Obligated Group) TOB VRDO 0.150% 11/5/20 7,500 7,500

Burke County Development Authority Electric Power & Light Revenue (GA Power Co. Plant Vogtle Project) PUT 2.350% 12/11/20 3,200 3,206Burke County Development Authority Electric Power & Light Revenue PUT 2.050% 11/19/21 1,625 1,649

4 Burke County Development Authority Electric Power & Light Revenue VRDO 0.150% 11/4/20 13,445 13,4454 Burke County Development Authority Industrial Electric Power & Light Revenue VRDO 0.150% 11/4/20 19,600 19,600

Burke County Development Authority Industrial Revenue PUT 2.500% 5/3/21 28,470 28,740Clarke County Hospital Authority Health, Hospital, Nursing Home Revenue 5.000% 7/1/26 415 505Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 5.000% 4/1/22 1,165 1,186

2 Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 5.000% 4/1/22 525 552Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 5.000% 4/1/22 200 213Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 5.000% 4/1/23 955 973

2 Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 5.000% 4/1/23 500 5452 Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 5.000% 4/1/24 450 508

Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 5.000% 4/1/24 250 2872 Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue 5.000% 4/1/25 625 728

Cobb County Kennestone Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000% 4/1/21 505 514Columbia County GAWater & SewerageWater Revenue 5.000% 6/1/22 1,245 1,338Columbia County GAWater & SewerageWater Revenue 5.000% 6/1/23 960 1,076Columbus Medical Center Hospital Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 7/1/26 2,090 2,511Douglas County GA GO 5.000% 4/1/21 1,500 1,529Fayette County GA Hospital Authority Health, Hospital, Nursing Home Revenue PUT 5.000% 7/1/24 2,250 2,554Forsyth County School District GO 5.000% 2/1/22 2,750 2,913Fulton County Development Authority Health, Hospital, Nursing Home Revenue 5.000% 7/1/26 220 268Gainesville & Hall County Development Authority Health, Hospital, Nursing Home Revenue 5.000% 11/15/22 1,660 1,758Gainesville & Hall County Hospital Authority Health, Hospital, Nursing Home Revenue 5.000% 2/15/24 2,500 2,845Georgia GO 5.000% 12/1/20 1,740 1,746Georgia GO 5.000% 2/1/21 29,110 29,451Georgia GO 5.000% 2/1/21 25,000 25,292

Short-TermTax-Exempt Fund

18

CouponMaturity

Date

FaceAmount

($000)

MarketValue•

($000)

Georgia GO 5.000% 7/1/21 2,945 3,038Georgia GO 5.000% 7/1/21 700 722Georgia GO 5.000% 7/1/21 4,770 4,921Georgia GO 5.000% 7/1/21 6,870 7,087Georgia GO 5.000% 7/1/21 47,720 49,229Georgia GO 5.000% 9/1/21 8,395 8,727Georgia GO 5.000% 10/1/21 6,970 7,274Georgia GO 5.000% 1/1/22 16,110 17,004Georgia GO 5.000% 2/1/22 1,660 1,759Georgia GO 5.000% 7/1/22 15,135 16,334Georgia GO 5.000% 7/1/22 12,385 13,366Georgia GO 5.000% 7/1/22 19,135 20,651Georgia GO 5.000% 1/1/23 3,450 3,805Georgia GO 5.000% 7/1/23 14,395 16,215Georgia GO 5.000% 9/1/23 240 261Georgia GO 5.000% 1/1/24 5,000 5,513Georgia Municipal Electric Authority Electric Power & Light Revenue 5.000% 1/1/21 275 277Georgia Municipal Electric Authority Electric Power & Light Revenue 5.000% 1/1/21 740 745Georgia Municipal Electric Authority Electric Power & Light Revenue 5.000% 1/1/22 375 395Georgia Municipal Electric Authority Electric Power & Light Revenue 5.000% 1/1/22 2,250 2,368Georgia Municipal Electric Authority Electric Power & Light Revenue 5.000% 1/1/23 550 603Georgia Municipal Electric Authority Electric Power & Light Revenue 5.000% 1/1/23 3,000 3,291Georgia Municipal Electric Authority Electric Power & Light Revenue (Combined Cycle Project) 5.000% 11/1/20 2,960 2,960Georgia Municipal Electric Authority Electric Power & Light Revenue (Combined Cycle Project) 5.000% 11/1/21 1,415 1,479Georgia Municipal Electric Authority Electric Power & Light Revenue (Combined Cycle Project) 5.000% 11/1/22 1,115 1,215Georgia Municipal Electric Authority Electric Power & Light Revenue (Project No. 1) 5.250% 1/1/21 500 504

4 Georgia Municipal Electric Authority Electric Power & Light Revenue (Various Projects 1) VRDO 0.110% 11/4/20 77,320 77,320Georgia Municipal Electric Authority Nuclear Revenue 5.000% 1/1/21 600 604Georgia Municipal Electric Authority Nuclear Revenue 5.000% 1/1/22 2,500 2,631Georgia Municipal Electric Authority Nuclear Revenue 5.000% 1/1/22 545 574

2 Georgia Municipal Electric Authority Nuclear Revenue 5.000% 1/1/22 1,230 1,292Georgia Municipal Electric Authority Nuclear Revenue 5.000% 1/1/23 450 493

2 Georgia Municipal Electric Authority Nuclear Revenue 5.000% 1/1/23 1,845 2,019Georgia Municipal Electric Authority Nuclear Revenue 5.000% 1/1/24 830 944

2 Georgia Municipal Electric Authority Nuclear Revenue 5.000% 1/1/24 1,015 1,153Georgia Municipal Electric Authority Nuclear Revenue 5.000% 1/1/25 900 1,059

2 Georgia Municipal Electric Authority Nuclear Revenue 5.000% 1/1/25 495 5812 Georgia Municipal Electric Authority Nuclear Revenue 5.000% 1/1/26 1,285 1,5502 Georgia Municipal Electric Authority Nuclear Revenue (General Resolution Project) 5.000% 1/1/22 595 6252 Georgia Municipal Electric Authority Nuclear Revenue (General Resolution Project) 5.000% 1/1/23 720 7882 Georgia Municipal Electric Authority Nuclear Revenue (General Resolution Project) 5.000% 1/1/24 790 8972 Georgia Municipal Electric Authority Nuclear Revenue (General Resolution Project) 5.000% 1/1/25 600 7052 Georgia Municipal Electric Authority Nuclear Revenue (General Resolution Project) 5.000% 1/1/26 615 742

Georgia Municipal Electric Authority Nuclear Revenue (General Resolution Projects) 5.000% 1/1/21 9,705 9,776Georgia Municipal Electric Authority Nuclear Revenue (General Resolution Projects) 5.000% 1/1/24 3,085 3,509Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000% 1/1/23 180 196Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000% 1/1/24 250 283Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000% 1/1/25 365 428Georgia Municipal Electric Authority Nuclear Revenue (Plant Vogtle Units 3&4 Project) 5.000% 1/1/25 425 500Georgia Municipal Electric Authority Nuclear Revenue (Project No. 1) 5.000% 1/1/21 4,080 4,110Georgia Municipal Electric Authority Nuclear Revenue (Project No. 1) 5.000% 1/1/21 1,000 1,007Georgia Municipal Electric Authority Nuclear Revenue (Project No. 1) 5.000% 1/1/22 2,560 2,694Glynn-Brunswick Memorial Hospital Authority Health, Hospital, Nursing Home Revenue 5.000% 8/1/23 850 942Henry County School District GO 5.000% 8/1/21 3,300 3,417Henry County School District GO 5.000% 8/1/22 5,250 5,684Henry County School District GO 5.000% 8/1/23 1,565 1,768LaGrange-Troup County Hospital Authority Health, Hospital, Nursing Home Revenue RAN 5.000% 4/1/21 350 356Main Street Natural Gas Inc. Natural Gas Revenue 5.000% 5/15/21 790 808Main Street Natural Gas Inc. Natural Gas Revenue 5.000% 9/1/21 300 311Main Street Natural Gas Inc. Natural Gas Revenue 5.000% 5/15/22 500 532

4 Main Street Natural Gas Inc. Natural Gas Revenue 4.000% 3/1/23 1,000 1,082Main Street Natural Gas Inc. Natural Gas Revenue 5.000% 5/15/23 750 827

4 Main Street Natural Gas Inc. Natural Gas Revenue 4.000% 6/1/23 5,040 5,496Main Street Natural Gas Inc. Natural Gas Revenue 5.000% 9/1/23 500 559Main Street Natural Gas Inc. Natural Gas Revenue 5.000% 5/15/24 1,000 1,137Main Street Natural Gas Inc. Natural Gas Revenue 5.000% 9/1/24 900 1,042Main Street Natural Gas Inc. Natural Gas Revenue 5.500% 9/15/24 3,250 3,818Main Street Natural Gas Inc. Natural Gas Revenue 5.000% 9/1/25 2,500 2,984Main Street Natural Gas Inc. Natural Gas Revenue 5.000% 9/1/26 1,875 2,286

Short-TermTax-Exempt Fund

19

CouponMaturity

Date

FaceAmount

($000)

MarketValue•

($000)4 Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000% 9/1/23 36,460 39,7484 Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000% 12/1/23 9,050 9,930

Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000% 12/2/24 11,100 12,586Main Street Natural Gas Inc. Natural Gas Revenue PUT 4.000% 9/1/26 14,000 16,151

4,5 Main Street Natural Gas Inc. Natural Gas Revenue PUT, 67% of 1M USD LIBOR + 0.830% 0.930% 12/1/23 14,000 14,0094,5 Main Street Natural Gas Inc. Natural Gas Revenue PUT, SIFMA Municipal Swap IndexYield + 0.570% 0.690% 12/1/23 17,080 17,122

Monroe County Development Authority Electric Power & Light Revenue PUT 2.050% 11/19/21 1,625 1,649Private Colleges & Universities Authority College & University Revenue 5.000% 9/1/23 1,460 1,655Private Colleges & Universities Authority College & University Revenue 5.000% 9/1/25 7,500 9,174

5 Private Colleges & Universities Authority College & University Revenue PUT, SIFMA Municipal Swap IndexYield+ 0.420% 0.540% 8/16/22 43,500 43,460

Richmond County Hospital Authority Health, Hospital, Nursing Home Revenue (University Health ServicesProject) 5.000% 1/1/25 350 410

Savannah Economic Development Authority Industrial Revenue PUT 2.000% 10/1/24 850 884

699,065Guam (0.0%)

Antonio BWon Pat International Airport Authority Port, Airport & Mari