UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number 811-21449

 

Nuveen Municipal High Income Opportunity Fund

(Exact name of registrant as specified in charter)

 

Nuveen Investments

        333 West Wacker Drive, Chicago, Illinois 60606         

(Address of principal executive offices) (Zip code)

 

Kevin J. McCarthy

Vice President and Secretary

        333 West Wacker Drive, Chicago, Illinois 60606         

(Name and address of agent for service)

 

Registrant's telephone number, including area code:         312-917-7700        

 

Date of fiscal year end:            10/31          

 

Date of reporting period:         7/31/16         

 

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

 

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 

 

Item 1. Schedule of Investments

 

		Portfolio of Investments
		Nuveen Municipal High Income Opportunity Fund (NMZ)
		July 31, 2016 (Unaudited)
Principal			Optional Call
Amount (000)		Description (1)	Provisions (2)	Ratings (3)	Value
		LONG-TERM INVESTMENTS – 121.5% (100.0% of Total Investments)
		MUNICIPAL BONDS – 119.6% (98.5% of Total Investments)
		Alabama – 1.4% (1.2% of Total Investments)
$     1,000		Adamsville Solid Waste Disposal Authority, Alabama, Solid Waste Disposal Revenue Bonds, Green	8/20 at 100.00	N/R	$       882,100
		Mountain Management LLC Project, Series 2010, 8.750%, 8/01/30 (4)
1,000		Alabama Industrial Development Authority, Solid Waste Disposal Revenue Bonds, Pine City Fiber	10/16 at 100.00	B3	999,980
		Co. Project, Series 1993, 6.450%, 12/01/23 (Alternative Minimum Tax)
2,000		Alabama Private Colleges and University Facilities Authority, Limited Obligation Bonds,	9/25 at 100.00	N/R	2,113,120
		University of Mobile Project, Series 2015A, 6.000%, 9/01/45
1,770		Bessemer, Alabama, General Obligation Warrants, Series 2007, 6.500%, 2/01/37	2/17 at 101.00	N/R (5)	1,841,349
		(Pre-refunded 2/01/17)
2,000		Jefferson County, Alabama, General Obligation Refunding Warrants, Series 2003A, 5.000%,	10/16 at 100.00	AA–	2,001,340
		4/01/22 – NPFG Insured
1,000		Jefferson County, Alabama, General Obligation Warrants, Series 2004A, 5.000%, 4/01/24 –	10/16 at 100.00	AA–	1,005,830
		NPFG Insured
1,000		Jefferson County, Alabama, Limited Obligation School Warrants, Education Tax Revenue Bonds,	10/16 at 100.00	A–	1,005,830
		Series 2004A, 5.000%, 1/01/24
1,000		Jefferson County, Alabama, Sewer Revenue Warrants, Senior Lien Series 2013C, 0.000%,	10/23 at 105.00	AA	828,300
		10/01/38 – AGM Insured
990		Selma Industrial Development Board, Alabama, Environmental Improvement Revenue Bonds, Zilkha	No Opt. Call	N/R	1,009,394
		Biomass Selma LLC Project, Series 2015, 7.500%, 5/01/25 (Alternative Minimum Tax)
11,760		Total Alabama			11,687,243
		Arizona – 4.1% (3.4% of Total Investments)
1,760		Arizona Health Facilities Authority, Hospital Revenue Bonds, Banner Health Systems, Tender	1/18 at 100.00	AA–	2,203,309
		Option Bond Trust 2016-XF0393, 17.924%, 1/01/32 (IF) (6)
1,420		Arizona Health Facilities Authority, Hospital Revenue Bonds, Banner Health Systems, Trust	1/18 at 100.00	AA–	1,697,070
		2015-XF2046, 16.679%, 1/01/35 (IF) (6)
1,000		Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, General Obligation	7/17 at 100.00	N/R	1,030,550
		Bonds, Series 2007, 6.200%, 7/15/32
220		Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, Special Assessment	10/16 at 100.00	N/R	220,834
		Lien Bonds, Series 2001A, 7.875%, 7/01/25
3,000		Phoenix Industrial Development Authority, Arizona, Lease Revenue Bonds, Rowan University	6/22 at 100.00	A	4,654,920
		Project, Tender Option Bond Trust 2016-XF2337, 15.891%, 6/01/42 – AGM Insured (IF) (6)
440		Phoenix Industrial Development Authority, Arizona, Multifamily Housing Revenue Bonds, Deer	7/24 at 101.00	N/R	440,607
		Valley Veterans Assisted Living Project, Series 2016A, 5.125%, 7/01/36
1,000		Pima County Industrial Development Authority, Arizona, Charter School Revenue Bonds, Desert	5/24 at 100.00	N/R	1,111,610
		Heights Charter School, Series 2014, 7.250%, 5/01/44
		Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Edkey
		Charter Schools Project, Series 2016:
245		5.250%, 7/01/36	7/26 at 100.00	BB	247,443
400		5.375%, 7/01/46	7/26 at 100.00	BB	402,908
475		5.500%, 7/01/51	7/26 at 100.00	BB	480,045
2,000		Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, San	2/24 at 100.00	N/R	2,354,040
		Tan Montessori School Project, Series 2014A , 9.000%, 2/01/44
475		Pima County Industrial Development Authority, Arizona, Education Revenue Bonds Legacy	7/19 at 100.00	N/R (5)	569,107
		Traditional School Project, Series 2009, 8.500%, 7/01/39 (Pre-refunded 7/01/19)
2,250		Pima County Industrial Development Authority, Arizona, Education Revenue Bonds, American	7/17 at 100.00	BB	2,245,658
		Charter School Foundation, Series 2007A, 5.625%, 7/01/38
2,500		Pima County Industrial Development Authority, Arizona, Education Revenue Bonds, Carden	1/22 at 100.00	B	2,471,825
		Traditional Schools Project, Series 2012, 7.500%, 1/01/42
		Pima County Industrial Development Authority, Arizona, Education Revenue Bonds, Paradise
		Education Center Project, Series 2010:
1,315		6.000%, 6/01/40	6/19 at 100.00	BB+	1,379,435
500		6.100%, 6/01/45	6/19 at 100.00	BB+	525,140
1,150		Pinal County Industrial Development Authority, Arizona, Correctional Facilities Contract	10/16 at 100.00	BBB–	1,151,909
		Revenue Bonds, Florence West Prison LLC, Series 2002A, 5.250%, 10/01/22 – ACA Insured
3,575		Quechan Indian Tribe of the Fort Yuma Reservation, Arizona, Government Project Bonds, Series	12/17 at 102.00	B–	3,537,427
		2008, 7.000%, 12/01/27
2,000		Quechan Indian Tribe of the Fort Yuma Reservation, Arizona, Tribal Economic Development Bonds,	5/22 at 100.00	B+	2,263,580
		Series 2012A, 9.750%, 5/01/25
2,500		Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc	No Opt. Call	BBB+	3,064,125
		Prepay Contract Obligations, Series 2007, 5.500%, 12/01/37
1,000		Yuma County Industrial Development Authority, Arizona, Exempt Revenue Bonds, Far West Water &	12/17 at 100.00	N/R	993,550
		Sewer Inc. Refunding, Series 2007A, 6.375%, 12/01/37 (Alternative Minimum Tax)
29,225		Total Arizona			33,045,092
		California – 16.3% (13.4% of Total Investments)
1,470		Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Tender	4/18 at 100.00	AA (5)	1,907,619
		Option Bond Trust 2015-XF2179, 16.616%, 4/01/34 (Pre-refunded 4/01/18) (IF)
1,000		California Enterprise Development Authority, Recovery Zone Facility Revenue Bonds, SunPower	4/21 at 100.00	N/R	1,149,010
		Corporation – Headquarters Project, Series 2010, 8.500%, 4/01/31
2,205		California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds,	10/16 at 100.00	B–	2,205,176
		Sonoma County Tobacco Securitization Corporation, Series 2005, 5.125%, 6/01/38
10,000		California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health,	11/26 at 100.00	AA–	12,321,000
		2016B, 5.000%, 11/15/46 (WI/DD, Settling 8/17/16) (UB)
		California Health Facilities Financing Authority, Refunding Revenue Bonds, Stanford Hospital
		and Clinics, Tender Option Bond Trust 3267:
1,875		18.793%, 11/15/40 (IF) (6)	11/21 at 100.00	AA	3,528,750
1,250		17.803%, 11/15/40 (IF) (6)	11/21 at 100.00	AA	2,262,900
		California Health Facilities Financing Authority, Revenue Bonds, Stanford Hospitals and
		Clinics, Tender Option Bond Trust 3294:
250		16.590%, 8/15/51 (IF) (6)	8/22 at 100.00	AA	429,340
1,000		16.586%, 8/15/51 (IF) (6)	8/22 at 100.00	AA	1,717,150
1,020		California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Affordable	8/24 at 100.00	N/R	1,176,101
		Housing Inc Projects, Series 2014B, 5.875%, 8/15/49
990		California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects	8/20 at 100.00	N/R	1,131,659
		Series 2010B, 7.250%, 8/15/45
1,000		California Municipal Finance Authority, Revenue Bonds, Harbor Regional Center Project, Series	11/19 at 100.00	AA (5)	1,247,350
		2009, 8.500%, 11/01/39 (Pre-refunded 11/01/19)
1,950		California School Finance Authority, Educational Facilities Revenue Bonds, Tri-Valley Learning	6/20 at 102.00	N/R	2,125,598
		Corporation, Series 2012A, 7.000%, 6/01/47
1,300		California State, General Obligation Bonds, Tender Option Bond Trust 3162, 18.510%, 3/01/40 –	3/20 at 100.00	AA	2,073,188
		AGM Insured (IF) (6)
		California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda
		University Medical Center, Series 2014A:
800		5.250%, 12/01/44	12/24 at 100.00	BB+	923,600
1,000		5.500%, 12/01/54	12/24 at 100.00	BB+	1,168,720
6,940		California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda	6/26 at 100.00	BB+	8,100,507
		University Medical Center, Series 2016A, 5.250%, 12/01/56
520		California Statewide Communities Development Authority, Revenue Bonds, American Baptist	10/19 at 100.00	BBB+	598,588
		Homes of the West, Series 2010, 6.250%, 10/01/39
4,000		California Statewide Communities Development Authority, Revenue Bonds, EnerTech Regional	No Opt. Call	N/R	40
		Biosolids Project, Series 2007A, 5.500%, 12/01/33 (Alternative Minimum Tax) (4)
1,000		California Statewide Communities Development Authority, Special Tax Bonds, Community	9/23 at 100.00	N/R	1,092,340
		Facilities District 2012-01, Fancher Creek, Series 2013A, 5.700%, 9/01/43
1,650		California Statewide Communities Development Authority, Statewide Community Infrastructure	9/21 at 100.00	N/R	1,818,977
		Program Revenue Bonds, Series 2011A, 8.000%, 9/02/41
500		California Statewide Community Development Authority, Revenue Bonds, California Baptist	11/21 at 100.00	N/R	604,670
		University, Series 2011A, 7.500%, 11/01/41
1,500		California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity	10/16 at 100.00	CCC	1,500,015
		Health System, Series 2005A, 5.250%, 7/01/39 (7)
1,250		California Statewide Community Development Authority, Revenue Bonds, St. Joseph Health	7/18 at 100.00	AA–	1,372,725
		System,Series 2007C, 5.750%, 7/01/47 – FGIC Insured
515		California Statewide Community Development Authority, Revenue Bonds, Sutter Health, Tender	5/18 at 100.00	AA–	662,393
		Option Bond Trust 3048, 16.344%, 11/15/38 (IF)
		California Statewide Community Development Authority, Revenue Bonds, Sutter Health, Tender
		Option Bond Trust 3102:
745		16.734%, 11/15/38 (IF) (6)	5/18 at 100.00	AA–	959,754
1,000		17.803%, 11/15/48 (IF) (6)	5/18 at 100.00	AA–	1,308,280
1,880		Daly City Housing Development Finance Agency, California, Mobile Home Park Revenue Bonds,	12/17 at 100.00	N/R	1,938,224
		Franciscan Mobile Home Park Project, Refunding Third Tier Series 2007C, 6.500%, 12/15/47
2,000		Daly City Housing Development Finance Agency, California, Mobile Home Park Revenue Bonds,	12/17 at 100.00	A+	2,071,660
		Franciscan Mobile Home Park, Refunding Series 2007A, 5.000%, 12/15/37
1,340		Elk Grove, California, Special Tax Bonds, Community Facilities District 2005-1, Series 2007,	9/16 at 101.00	N/R	1,359,108
		5.250%, 9/01/37 (Pre-refunded 9/01/16)
500		Fontana Public Financing Authority, California, Tax Allocation Revenue Bonds, North Fontana	10/16 at 100.00	A+	521,580
		Redevelopment Project, Tender Option Bonds Trust 1013, 16.940%, 9/01/32 –
		AMBAC Insured (IF) (6)
1,000		Fontana, California, Special Tax Bonds, Community Facilities District 31 Citrus Heights North,	9/16 at 100.00	N/R	1,002,480
		Series 2006, 5.000%, 9/01/26
		Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
		Bonds, Series 2007A-1:
6,765		5.000%, 6/01/33	6/17 at 100.00	B–	6,817,970
10,035		5.750%, 6/01/47	6/17 at 100.00	B–	10,239,009
3,690		5.125%, 6/01/47	6/17 at 100.00	B–	3,690,923
3,500		Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed	6/22 at 100.00	B–	3,597,300
		Bonds, Series 2007A-2, 5.300%, 6/01/37
		Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
		Bonds, Series 2015A:
2,000		5.000%, 6/01/40 (UB) (6)	6/25 at 100.00	A+	2,424,280
2,000		5.000%, 6/01/45 (UB) (6)	6/25 at 100.00	A+	2,415,400
		Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
		Bonds, Tender Option Bond Trust 2015-XF1038:
860		15.891%, 6/01/45 (IF) (6)	6/25 at 100.00	A+	1,574,436
1,500		Grossmont Healthcare District, California, General Obligation Bonds, Tender Option Bond Trust	7/21 at 100.00	Aaa	3,052,140
		3253, 21.314%, 7/15/40 (Pre-refunded 7/15/21) (IF) (6)
		Hercules Redevelopment Agency, California, Tax Allocation Bonds, Merged Project Area,
		Series 2005:
1,000		5.000%, 8/01/25 – AMBAC Insured	10/16 at 100.00	N/R	1,000,930
1,000		5.000%, 8/01/35 – AMBAC Insured	10/16 at 100.00	N/R	1,000,700
145		Lancaster Redevelopment Agency, California, Tax Allocation Bonds, Combined Redevelopment	No Opt. Call	BBB	167,764
		Project Areas Housing Programs, Series 2009, 6.875%, 8/01/39
190		Lancaster Redevelopment Agency, California, Tax Allocation Bonds, Combined Redevelopment	8/19 at 100.00	N/R (5)	225,439
		Project Areas Housing Programs, Series 2009, 6.875%, 8/01/39 (Pre-refunded 8/01/19)
550		Lathrop Financing Authority, California, Revenue Bonds, Water Supply Project Series 2003,	12/16 at 100.00	N/R	560,302
		6.000%, 6/01/35
450		Lee Lake Public Financing Authority, California, Junior Lien Revenue Bonds, Series 2013B,	9/23 at 100.00	N/R	513,900
		5.250%, 9/01/32
850		Los Angeles County, California, Community Development Commission Headquarters Office Building,	9/21 at 100.00	Aa3	1,466,599
		Lease Revenue Bonds, Community Development Properties Los Angeles County Inc., Tender
		Option Bond Trust Series 2011-23B, 17.042%, 9/01/42 (IF) (6)
1,825		Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International	5/20 at 100.00	AA	2,850,650
		Airport, Tender Option Bond Trust 10-27B, 16.781%, 5/15/40 (IF) (6)
1,000		Lynwood Redevelopment Agency, California, Project A Revenue Bonds, Subordinate Lien Series	9/21 at 100.00	A–	1,255,270
		2011A, 7.000%, 9/01/31
		March Joint Powers Redevelopment Agency, California, March Air Force Base Redevelopment
		Project Tax Allocation Revenue Bonds, Series 2011A:
1,000		7.000%, 8/01/26	8/21 at 100.00	A–	1,267,270
1,500		7.500%, 8/01/41	8/21 at 100.00	A–	1,913,025
470		Moreno Valley Unified School District, Riverside County, California, Special Tax Bonds,	3/17 at 100.00	N/R	475,476
		Community Facilities District 2005-3, Series 2007, 5.000%, 9/01/37
500		National City Community Development Commission, California, Tax Allocation Bonds, National	8/21 at 100.00	A	630,940
		City Redevelopment Project, Series 2011, 7.000%, 8/01/32
330		Novato Redevelopment Agency, California, Tax Allocation Bonds, Hamilton Field Redevelopment	9/21 at 100.00	BBB+	402,494
		Project, Series 2011, 6.750%, 9/01/40
		Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010:
550		5.250%, 11/01/21	11/20 at 100.00	Ba1	601,139
1,000		6.000%, 11/01/41	11/20 at 100.00	Ba1	1,077,070
250		Palomar Pomerado Health, California, General Obligation Bonds, Tender Option Bond Trust	8/17 at 100.00	AA–	289,260
		2016-XG0017, 16.599%, 8/01/37 – NPFG Insured (IF) (6)
1,000		Pittsburg Redevelopment Agency, California, Tax Allocation Bonds, Los Medanos Community	9/18 at 100.00	BB+ (5)	1,122,990
		Development Project, Refunding Series 2008A, 6.500%, 9/01/28 (Pre-refunded 9/01/18)
733		River Rock Entertainment Authority, California, Revenue Bonds, Senior Notes Series 2011B,	10/16 at 100.00	N/R	75,844
		8.000%, 11/01/18 (4)
1,200		Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley Project	10/21 at 100.00	A	1,508,964
		Area, Series 2011B, 6.750%, 10/01/30
		Sacramento City Financing Authority California, Lease Revenue Bonds, Master Lease Program
		Facilities Projects, Tender Option Bond Trust 2016-XG0100:
750		16.755%, 12/01/30 – AMBAC Insured (IF) (6)	No Opt. Call	A+	1,764,690
2,015		16.857%, 12/01/33 – AMBAC Insured (IF) (6)	No Opt. Call	A+	4,953,434
		San Buenaventura, California, Revenue Bonds, Community Memorial Health System, Series 2011:
960		8.000%, 12/01/26	12/21 at 100.00	BB+	1,266,912
1,000		8.000%, 12/01/31	12/21 at 100.00	BB+	1,283,920
1,000		San Jose, California, Airport Revenue Bonds, Tender Option Bond Trust 2015-XF01212, 15.990%,	3/17 at 100.00	AA	1,101,560
		9/01/30 – AGM Insured (IF) (6)
1,000		Santa Margarita Water District, California, Special Tax Bonds, Community Facilities District	9/23 at 100.00	N/R	1,180,000
		2013-1 Village of Sendero, Series 2013, 5.625%, 9/01/43
1,000		Santee Community Development Commission, California, Santee Redevelopment Project Tax	2/21 at 100.00	A	1,237,600
		Allocation Bonds, Series 2011A, 7.000%, 8/01/41
1,000		Temecula Public Financing Authority, California, Special Tax Bonds, Community Facilities	3/17 at 100.00	N/R	1,000,660
		District 03-02 Roripaugh, Series 2006, 5.450%, 9/01/26
1,000		Temecula Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment	10/16 at 100.00	AA–	1,003,370
		Project 1, Series 2002, 5.250%, 8/01/36 – NPFG Insured
1,890		Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed	10/16 at 100.00	B–	1,890,132
		Bonds, Series 2005A-1, 5.500%, 6/01/45
650		Twentynine Palms Redevelopment Agency, California, Tax Allocation Bonds, Four Corners Project	9/21 at 100.00	BBB+	820,833
		Area, Series 2011A, 7.650%, 9/01/42
1,250		University of California, General Revenue Bonds, Tender Option Bond Trust 2013-24U, 16.880%,	5/23 at 100.00	AA	2,275,900
		5/15/39 (IF) (6)
112,858		Total California			132,274,997
		Colorado – 9.4% (7.8% of Total Investments)
2,000		Brighton Crossing Metropolitan District 4, Colorado, General Obligation Bonds, Limited Tax	7/18 at 100.00	N/R	2,047,380
		Convertible to Unlimited Tax, Refunding Series 2013, 7.000%, 12/01/23
500		Cherry Creek Corporate Center Metropolitan District, Arapahoe County, Colorado, Revenue Bonds,	12/25 at 100.00	N/R	504,270
		Refunding Subordinate Lien Series 2016B, 8.000%, 6/15/37
1,977		Cimarron Metropolitan District, Arvada, Colorado, Limited Tax Revenue Bonds, Convertible to	10/17 at 100.00	N/R	1,995,762
		Unlimited Tax, Series 2012, 6.000%, 12/01/22
750		Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds,	7/18 at 100.00	BB	776,115
		Community Leadership Academy Project, Series 2008, 6.250%, 7/01/28
1,000		Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds,	2/18 at 100.00	N/R	1,010,760
		Jefferson County School District R-1 – Compass Montessori Secondary School, Series 2006,
		5.625%, 2/15/36
2,320		Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Mountain	10/22 at 100.00	N/R	2,549,402
		Phoenix Community School, Series 2012, 7.000%, 10/01/42
200		Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Skyview	7/24 at 100.00	BB+	219,862
		Academy Project, Series 2014, 5.375%, 7/01/44
1,800		Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Windsor	5/17 at 100.00	BB	1,812,402
		Academy, Series 2007A, 5.700%, 5/01/37
1,790		Colorado Educational and Cultural Facilities Authority, Revenue Bonds, Pikes Peak School of	6/18 at 102.00	N/R (5)	1,998,446
		Expeditionary Learning Charter School, Series 2008, 6.625%, 6/01/38 (Pre-refunded 6/01/18)
5,000		Colorado Health Facilities Authority, Colorado, Revenue Bonds, Adventist Health System/Sunbelt	5/26 at 100.00	AA	6,084,650
		Obligated Group, Series 2016A, 5.000%, 11/15/41 (UB)
2,500		Colorado Health Facilities Authority, Colorado, Revenue Bonds, American Baptist Homes of the	2/24 at 100.00	N/R	3,034,350
		Midwest Obligated Group, Series 2013, 8.000%, 8/01/43
1,000		Colorado Health Facilities Authority, Colorado, Revenue Bonds, American Baptist Homes Project,	2/26 at 100.00	N/R	1,033,820
		Series 2016, 6.125%, 2/01/46
1,350		Colorado Health Facilities Authority, Colorado, Revenue Bonds, Colorado Senior Residences	6/22 at 100.00	N/R	1,085,022
		Project, Series 2012, 6.750%, 6/01/32 (4)
750		Colorado Health Facilities Authority, Health Facilities Revenue Bonds, Sisters of Charity of	No Opt. Call	AA–	1,162,650
		Leavenworth Health Services Corporation, Tender Option Bond Trust 2015-XF0054,
		17.549%, 1/01/18 (IF)
1,285		Colorado Health Facilities Authority, Revenue Bonds, Craig Hospital Project, Series 2012,	12/22 at 100.00	A	1,492,219
		5.000%, 12/01/32 (UB) (6)
290		Colorado Health Facilities Authority, Revenue Bonds, Evangelical Lutheran Good Samaritan	10/16 at 100.00	BBB+	290,786
		Society, Series 2006, 5.250%, 6/01/36
		Colorado Housing and Finance Authority, Revenue Bonds, Confluence Energy LLC Project,
		Series 2007:
518		5.000%, 9/01/16 (Alternative Minimum Tax) (4), (17)	No Opt. Call	N/R	508,965
5,045		6.750%, 4/01/27 (Alternative Minimum Tax) (4)	4/17 at 100.00	N/R	4,656,333
2,224		Colorado Housing and Finance Authority, Revenue Bonds, Confluence Energy LLC Project, Series	No Opt. Call	N/R	2,053,164
		2013, 6.875%, 10/01/27 (Alternative Minimum Tax) (4)
2,000		Compark Business Campus Metropolitan District, Douglas County, Colorado, General Obligation	12/22 at 100.00	N/R	2,219,580
		Bonds, Series 2012A, 6.750%, 12/01/39 – RAAI Insured
		Confluence Metropolitan District, Colorado, General Obligation Limited Tax Bonds, Series 2007:
1,000		5.400%, 12/01/27	12/17 at 100.00	N/R	1,000,690
1,500		5.450%, 12/01/34	12/17 at 100.00	N/R	1,499,880
1,000		Denver City and County, Colorado, Special Facilities Airport Revenue Bonds, United Air Lines	10/17 at 100.00	BB–	1,038,420
		Corporation, Series 2007A, 5.250%, 10/01/32 (Alternative Minimum Tax)
2,000		E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004A, 0.000%, 9/01/27 –	No Opt. Call	AA–	1,516,980
		NPFG Insured
708		Erie Highlands Metropolitan District No. 1 (In the Town of Erie), Weld County, Colorado,	12/20 at 103.00	N/R	732,808
		General Obligation Limited Tax Bonds, Series 2015B, 7.750%, 12/15/45
993		Fitzsimons Village Metropolitan District 1, Aurora, Arapahoe County, Colorado, Tax Increment	3/20 at 100.00	N/R	1,095,239
		Public Improvement Fee Supported Revenue Bonds, Series 2010A, 7.500%, 3/01/40
1,000		Fitzsimons Village Metropolitan District 3, Arapahoe County, Colorado, Tax Increment/Public	No Opt. Call	N/R	1,029,540
		Improvement Fee Supported Revenue Bonds, Series 2014A, 6.000%, 3/01/44
		Foothills Metropolitan District, Fort Collins, Colorado, Special Revenue Bonds, Series 2014:
1,000		5.750%, 12/01/30	12/24 at 100.00	N/R	1,104,430
1,080		6.000%, 12/01/38	12/24 at 100.00	N/R	1,189,328
1,989		Great Western Metropolitan District 5, Colorado, General Obligation Limited Tax Revenue Bonds,	12/19 at 100.00	N/R	2,094,775
		Series 2009A-1, 9.000%, 8/01/39 (Mandatory put 12/01/19)
2,000		Heritage Todd Creek Metropolitan District, Colorado, General Obligation Bonds Limited Tax,	12/24 at 100.00	N/R	2,134,600
		Refunding & Improvement Series 2015, 6.125%, 12/01/44
970		Heritage Todd Creek Metropolitan District, Colorado, General Obligation Bonds Limited Tax,	12/17 at 100.00	N/R	976,383
		Series 2007A, 5.500%, 12/01/37
1,000		Iliff Commons Metropolitan District 2, City of Aurora, Arapahoe County, Colorado, General	12/20 at 100.00	N/R	1,042,430
		Obligation Bonds, Limited Tax Convertible to Unlimited Tax Series 2015, 6.250%, 12/01/44
2,000		Jefferson Center Metropolitan District 1, Arvada, Jefferson County, Colorado, Revenue Bonds,	12/20 at 103.00	N/R	2,077,820
		Refunding Series 2015, 5.500%, 12/01/45
		Johnstown Plaza Metropolitan District, Colorado, Special Revenue Bonds, Series 2016A:
675		5.250%, 12/01/36 (WI/DD, Settling 8/02/16)	12/21 at 103.00	N/R	667,055
1,265		5.375%, 12/01/46 (WI/DD, Settling 8/02/16)	12/21 at 103.00	N/R	1,247,201
3,145		Kit Carson County Health Service District, Colorado, Health Care Facility Revenue Bonds,	1/18 at 100.00	N/R	3,268,819
		Series 2007, 6.750%, 1/01/34
1,250		Lewis Pointe Metropolitan District, Thornton, Colorado, Limited Tax Convertible to Unlimited	12/20 at 100.00	N/R	1,288,000
		Tax General Obligation Bonds, Series 2015A, 6.000%, 12/01/44
500		Leyden Rock Metropolitan District No. 10, In the City of Arvada, Colorado, Limited Tax General	12/21 at 103.00	N/R	514,915
		Obligation Bonds, Refunding and Improvement Series 20016A, 5.000%, 12/01/45
500		Leyden Rock Metropolitan District No. 10, In the City of Arvada, Colorado, Limited Tax General	12/21 at 103.00	N/R	498,500
		Obligation Bonds, Refunding and Improvement Series 20016B, 7.250%, 12/15/45
5		Maher Ranch Metropolitan District 4, Colorado, General Obligation Limited Tax Bonds, Series	12/17 at 100.00	AA	5,121
		2007, 5.250%, 12/01/36 – RAAI Insured
		Mountain Shadows Metropolitan District, Colorado, General Obligation Limited Tax Bonds,
		Series 2007:
896		5.500%, 12/01/27 (Pre-refunded 12/01/16)	12/16 at 100.00	N/R (5)	911,107
1,000		5.625%, 12/01/37 (Pre-refunded 12/01/16)	12/16 at 100.00	N/R (5)	1,017,280
2,000		Murphy Creek Metropolitan District 3, Aurora, Colorado, General Obligation Bonds, Refunding &	10/16 at 100.00	N/R	1,344,420
		Improvement Series 2006, 6.125%, 12/01/35 (8)
1,080		Promenade at Castle Rock Metropolitan District 1, Colorado, General Obligation Bonds, Limited	12/20 at 103.00	N/R	1,147,424
		Tax Series 2015A, 5.750%, 12/01/39
		Regional Transportation District, Colorado, Denver Transit Partners Eagle P3 Project Private
		Activity Bonds, Series 2010:
1,000		6.500%, 1/15/30	7/20 at 100.00	BBB+	1,184,170
1,000		6.000%, 1/15/41	7/20 at 100.00	BBB+	1,160,500
1,440		Rendezvous Residential Metropolitan District, Colorado, Limited Tax General Obligation Bonds,	12/17 at 100.00	N/R	1,240,042
		Refunding Series 2007, 5.375%, 12/01/21
1,000		STC Metropolitan District 2, Superior, Boulder County, Colorado, Limited Tax General	12/19 at 103.00	N/R	1,036,150
		Obligation Bonds, Series 2015A, 6.000%, 12/01/38
875		STC Metropolitan District 2, Superior, Boulder County, Colorado, Limited Tax General	12/19 at 103.00	N/R	905,564
		Obligation Bonds, Series 2015B, 7.750%, 12/15/38
3,000		Stone Ridge Metropolitan District 2, Colorado, General Obligation Bonds, Limited Tax	12/17 at 100.00	N/R	659,370
		Convertible to Unlimited, Series 2007, 7.250%, 12/01/31 (9)
1,815		Three Springs Metropolitan District 3, Durango, La Plata County, Colorado, Property Tax	12/20 at 100.00	N/R	1,970,092
		Supported Revenue Bonds, Series 2010, 7.750%, 12/01/39
965		VDW Metropolitan District 2, Larimer County, Colorado, General Obligation Bonds, Refunding	No Opt. Call	A2	991,817
		Limited Tax Series 2016B, 7.250%, 12/15/45
75,950		Total Colorado			76,126,808
		Connecticut – 1.3% (1.0% of Total Investments)
4,000		Connecticut Health and Educational Facilities Authority, Revenue Bonds, Trinity Health Credit	6/26 at 100.00	AA	4,836,280
		Group, Series 2016, 5.000%, 12/01/45 (UB)
2,500		Harbor Point Infrastructure Improvement District, Connecticut, Special Obligation Revenue	4/20 at 100.00	N/R	2,958,200
		Bonds, Harbor Point Project, Series 2010A, 7.875%, 4/01/39
5,313		Mashantucket Western Pequot Tribe, Connecticut, Special Revenue Bonds, Subordinate Series	No Opt. Call	N/R	212,352
		2013A, 6.050%, 7/01/31 (4)
1,000		Mohegan Tribe of Indians of Connecticut, Gaming Authority Priority Distribution Payment Public	10/16 at 100.00	B–	983,860
		Improvement Bonds, Series 2003, 5.250%, 1/01/33
1,000		Stamford, Connecticut, Special Obligation Revenue Bonds, Mill River Corridor Project, Series	4/21 at 100.00	N/R (5)	1,268,230
		2011aA, 7.000%, 4/01/41 (Pre-refunded 4/01/21)
13,813		Total Connecticut			10,258,922
		Delaware – 0.3% (0.3% of Total Investments)
2,500		Delaware Economic Development Authority, Revenue Bonds, Odyssey Charter School Inc. Project,	3/25 at 100.00	N/R	2,595,100
		Series 2015A, 7.000%, 9/01/45
		District of Columbia – 0.6% (0.5% of Total Investments)
220		District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds,	No Opt. Call	Baa1	273,024
		Series 2001, 6.500%, 5/15/33
1,000		District of Columbia, Revenue Bonds, Cesar Chavez Public Charter Schools for Public Policy,	11/20 at 100.00	BBB–	1,154,680
		Series 2011, 7.500%, 11/15/31
2,500		District of Columbia, Revenue Bonds, Howard University, Tender Option Bond Trust 2016-XG0094,	4/21 at 100.00	BBB	3,265,700
		21.483%, 10/01/37 (IF) (6)
250		District of Columbia, Revenue Bonds, KIPP DC Issue, Series 2013A, 6.000%, 7/01/33	7/23 at 100.00	BBB+	302,385
3,970		Total District of Columbia			4,995,789
		Florida – 15.4% (12.7% of Total Investments)
1,500		Alachua County Health Facilities Authority, Florida, Health Facilities Revenue Bonds, Terraces	No Opt. Call	N/R	1,799,820
		at Bonita Springs Project, Series 2011A, 8.125%, 11/15/46
865		Ave Maria Stewardship Community District, Florida, Capital Improvement Revenue Bonds, Series	11/19 at 100.00	N/R	865,104
		2006A, 5.125%, 5/01/38
1,900		Ave Maria Stewardship Community District, Florida, Capital Improvement Revenue Bonds, Series	5/22 at 100.00	N/R	2,047,117
		2012, 6.700%, 5/01/42
1,735		Ave Maria Stewardship Community District, Florida, Capital Improvement Revenue Bonds, Series	5/25 at 100.00	N/R	1,804,088
		2015, 5.375%, 5/01/45
1,000		Babcock Ranch Community Independent Special District, Florida, Special Assessment Bonds,	11/25 at 100.00	N/R	1,031,220
		Series 2015, 5.250%, 11/01/46
1,015		Beeline Community Development District, Palm Beach County, Florida, Special Assessment Bonds,	5/18 at 100.00	N/R	1,059,508
		Series 2008A, 7.000%, 5/01/37
905		Belmont Community Development District, Florida, Capital Improvement Revenue Bonds, Phase 1	11/24 at 100.00	N/R	1,118,526
		Project, Series 2013A, 6.125%, 11/01/33
940		Boggy Creek Improvement District, Orlando, Florida, Special Assessment Revenue Bonds,	5/23 at 100.00	N/R	1,003,140
		Refunding Series 2013, 5.125%, 5/01/43
2,700		Brevard County, Florida, Industrial Development Revenue Bonds, TUFF Florida Tech Project,	10/16 at 100.00	BB+	2,936,763
		Series 2009, 6.500%, 11/01/29
700		Broward County, Florida, Airport Facility Revenue Bonds, Learjet Inc., Series 2000, 7.500%,	11/16 at 100.00	B3	705,019
		11/01/20 (Alternative Minimum Tax)
1,435		Capital Projects Finance Authority, Student Housing Revenue Bonds, Capital Projects Loan	10/16 at 100.00	AA–	1,435,273
		Program – Florida Universities, Series 2001F, 5.000%, 10/01/31 – NPFG Insured
1,000		Celebration Pointe Community Development District 1, Alachua County, Florida, Special	5/24 at 100.00	N/R	1,046,180
		Assessment Revenue Bonds, Series 2014, 5.125%, 5/01/45
2,000		Collier County Industrial Development Authority, Florida, Continuing Care Community Revenue	5/24 at 100.00	N/R	2,389,020
		Bonds, Arlington of Naples Project, Series 2014A, 7.750%, 5/15/35
1,000		Copperstone Community Development District, Manatee County, Florida, Capital Improvement	5/17 at 100.00	N/R	1,007,170
		Revenue Bonds, Series 2007, 5.200%, 5/01/38
995		Cordoba Ranch Community Development District, Hillsborough County, Florida, Special Assessment	10/16 at 100.00	N/R	996,323
		Revenue Bonds, Series 2006, 5.550%, 5/01/37
800		Fishhawk Community Development District IV, Hillsborough County, Florida, Special Assessment	5/23 at 100.00	N/R	888,256
		Revenue Bonds, Series 2013A, 7.000%, 5/01/33
1,850		Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Downtown Doral	7/24 at 100.00	N/R	1,993,246
		Charter Elementary School Project, Series 2014A, 6.500%, 7/01/44
565		Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Florida Charter	7/26 at 100.00	N/R	569,644
		Foundation Inc. Projects, Series 2016A, 5.000%, 7/15/46 (WI/DD, Settling 8/10/16)
1,000		Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance	9/20 at 100.00	BB+	1,057,800
		Charter School, Inc. Projects, Series 2010A, 6.000%, 9/15/40
2,000		Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance	6/21 at 100.00	BB–	2,377,920
		Charter School, Inc. Projects, Series 2011A, 7.625%, 6/15/41
4,000		Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance	6/23 at 100.00	N/R	4,742,000
		Charter School, Inc. Projects, Series 2013A, 8.500%, 6/15/44
2,500		Grand Bay at Doral Community Development District, Miami-Dade County, Florida, Special	11/22 at 100.00	N/R	2,668,675
		Assessment Bonds, Doral Breeze Project Series 2012, 5.500%, 11/01/32
1,000		Grand Bay at Doral Community Development District, Miami-Dade County, Florida, Special	5/24 at 100.00	N/R	1,032,200
		Assessment Improvement Bonds, Assessment Area Two Project, Refunding Series 2014A-2,
		6.500%, 5/01/39
825		Grand Hampton Community Development District, Florida, Capital Improvement Revenue Bonds,	10/16 at 100.00	N/R	825,487
		Series 2005, 5.500%, 5/01/36
1,955		Harmony Community Development District, Florida, Capital Improvement Revenue Bonds, Special	5/24 at 100.00	N/R	2,061,313
		Assessment, Refunding Series 2014, 5.250%, 5/01/32
2,645		Hawks Point Community Development District, Florida, Special Assessment Revenue Bonds, Series	5/17 at 100.00	N/R	2,676,105
		2007A, 5.300%, 5/01/39
3,000		Jacksonville Economic Development Commission, Florida, Health Care Facilities Revenue Bonds,	9/17 at 100.00	N/R	3,118,710
		Florida Proton Therapy Institute Project, Series 2007A, 6.250%, 9/01/27
1,000		Jacksonville Economic Development Commission, Industrial Development Revenue Bonds, Florida,	11/16 at 100.00	BBB–	999,930
		Gerdau Ameristeel US Inc. Project, Series 2007, 5.300%, 5/01/37 (Alternative Minimum Tax)
1,000		Lakes by the Bay South Community Development District, Florida, Special Assessment Bonds,	11/22 at 100.00	N/R	1,070,300
		Series 2012, 5.750%, 11/01/42
665		Lakewood Ranch Stewardship District, Florida, Special Assessment Revenue Bonds, Lakewood	No Opt. Call	N/R	701,741
		Centre North Project, Series 2015, 4.875%, 5/01/45
2,000		Lee County Industrial Development Authority, Florida, Charter School Revenue Bonds, Lee County	6/17 at 100.00	BB	2,025,120
		Community Charter Schools, Series 2007A, 5.375%, 6/15/37
1,000		Lee County Industrial Development Authority, Florida, Healthcare Facilities Revenue Bonds,	5/17 at 100.00	BBB	1,031,910
		Shell Point/Alliance Obligated Group, Shell Point Village/Alliance Community Project,
		Series 2007, 5.000%, 11/15/22
12,190		Miami Beach, Florida, Resort Tax Revenue Bonds, Series 2015, 5.000%, 9/01/45 (UB)	9/25 at 100.00	AA–	14,675,663
750		Miami-Dade County Industrial Development Authority, Florida, Revenue Bonds, Youth Co-Op	9/25 at 100.00	N/R	795,353
		Charter Schools Project, Series 2015A, 6.000%, 9/15/45
1,000		Miami-Dade County, Florida, Aviation Revenue Bonds, Series 2008, Tender Option Bond Trust	10/18 at 100.00	AA	1,333,000
		2016-XG0010, 16.431%, 10/01/38 – AGC Insured (Alternative Minimum Tax) (IF) (6)
12,430		Miami-Dade County, Florida, General Obligation Bonds, Series 2015D, 5.000%, 7/01/45 (WI/DD,	7/26 at 100.00	AA	15,243,531
		Settling 8/04/16) (UB)
1,250		Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Tender Option Bond Trust	10/20 at 100.00	AA	1,982,900
		2016-XG0030, 16.695%, 10/01/39 – AGM Insured (IF)
1,835		Myrtle Creek Improvement District, Florida, Special Assessment Revenue Bonds, Series 2006A,	11/16 at 100.00	N/R (5)	1,837,551
		5.200%, 5/01/37 (Pre-refunded 11/01/16)
930		Northern Palm Beach County Improvement District, Florida, Water Control and Improvement Bonds,	8/26 at 100.00	N/R	969,981
		Development Unit 53, Series 2015, 5.500%, 8/01/46
		Palm Beach County Health Facilities Authority, Florida, Revenue Bonds, Sinai Residences of
		Boca Raton Project, Series 2014A:
620		7.000%, 6/01/29	6/22 at 102.00	N/R	749,840
3,110		7.500%, 6/01/49	6/22 at 102.00	N/R	3,871,390
4,220		Pine Island Community Development District, Florida, Special Assessment Bonds, Bella Collina,	10/16 at 100.00	N/R	4,222,152
		Series 2004, 5.750%, 5/01/35
990		Poinciana West Community Development District, Florida, Special Assessment Bonds, Series 2007,	5/17 at 100.00	N/R	1,003,098
		6.000%, 5/01/37
450		Port Saint Lucie. Florida, Special Assessment Revenue Bonds, Southwest Annexation District 1B,	7/17 at 100.00	AA–	467,393
		Series 2007, 5.000%, 7/01/33 – NPFG Insured
1,810		Reunion West Community Development District, Florida, Special Assessment Bonds, Series	5/22 at 100.00	N/R	1,941,659
		2004A-1, 6.250%, 5/01/36
990		Shingle Creek Community Development District, Florida, Special Assessment Revenue Bonds,	11/25 at 100.00	N/R	1,042,609
		Series 2015, 5.400%, 11/01/45
100		Silverado Community Development District, Florida, Capital Improvement Revenue Bonds, Series	11/31 at 100.00	N/R	101,086
		2016A-1, 6.000%, 11/01/47
220		Silverado Community Development District, Florida, Capital Improvement Revenue Bonds, Series	11/16 at 100.00	N/R	216,656
		2016A-2, 6.000%, 11/01/46
950		South Fork Community Development District, Florida, Capital Improvement Revenue Bonds, Series	10/16 at 100.00	N/R	950,637
		2005, 5.350%, 5/01/36
1,140		Stoneybrook Venice Community Development District, Florida, Capital Improvement Revenue Bonds,	5/18 at 100.00	N/R	1,173,596
		Series 2007, 6.750%, 5/01/38
1,045		Sweetwater Creek Community Development District, Saint John’s County, Florida, Capital	5/17 at 100.00	N/R	1,055,241
		Improvement Revenue Bonds, Series 2007A, 5.500%, 5/01/38
1,250		Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible,	5/17 at 100.00	N/R	1,013,300
		Capital Appreciation, Series 2012A-2, 0.000%, 5/01/39 (10)
2,515		Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible,	5/19 at 100.00	N/R	1,526,127
		Capital Appreciation, Series 2012A-3, 0.000%, 5/01/40 (10)
1,540		Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible,	5/22 at 100.00	N/R	693,939
		Capital Appreciation, Series 2012A-4, 0.000%, 5/01/40 (10)
		Tolomato Community Development District, Florida, Special Assessment Bonds, Hope Note,
		Series 2007-3:
120		6.375%, 5/01/17 (4)	No Opt. Call	N/R	1
1,360		6.650%, 5/01/40 (4)	5/18 at 100.00	N/R	14
2,845		Tolomato Community Development District, Florida, Special Assessment Bonds, Hope Note, Series	5/17 at 100.00	N/R	28
		2007A-2, 5.250%, 5/01/39 (4)
120		Tolomato Community Development District, Florida, Special Assessment Bonds, Non Performing	5/18 at 100.00	N/R	122,935
		ParcelSeries 2007-1. RMKT, 6.650%, 5/01/40 (4)
630		Tolomato Community Development District, Florida, Special Assessment Bonds, Non Performing	5/17 at 100.00	N/R	608,441
		ParcelSeries 2007A-1. RMKT, 5.250%, 5/01/39 (4)
		Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding
		Series 2012A-1:
45		6.375%, 5/01/17	No Opt. Call	N/R	45,101
525		5.250%, 5/01/39	5/17 at 100.00	N/R	527,903
2,345		6.650%, 5/01/40	5/17 at 100.00	N/R	2,370,936
3,740		Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series	5/18 at 100.00	N/R	2,347,411
		2015-1, 0.000%, 5/01/40 (4)
2,300		Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series	5/18 at 100.00	N/R	1,223,945
		2015-2, 0.000%, 5/01/40 (4)
2,505		Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series	5/18 at 100.00	N/R	25
		2015-3, 6.610%, 5/01/40 (4)
4,230		Tolomato Community Development District, Florida, Special Assessment Bonds, Series 2006,	10/16 at 100.00	N/R	4,235,161
		5.400%, 5/01/37
940		Two Creeks Community Development District, Florida, Capital Improvement Revenue Bonds, Series	9/16 at 100.00	N/R (5)	940,385
		2006, 5.250%, 5/01/37 (Pre-refunded 9/12/16)
1,000		Venetian Parc Community Development District, Miami-Dade County, Florida, Special Assessment	11/28 at 100.00	N/R	1,381,550
		Bonds, Area One Project, Series 2013, 6.500%, 11/01/43
1,000		Waterset North Community Development District, Hillsborough County, Florida, Special	11/24 at 100.00	N/R	1,044,280
		Assessment Revenue Bonds, Series 2014, 5.500%, 11/01/45
950		West Villages Improvement District, Florida, Special Assessment Revenue Bonds, Series 2006,	10/16 at 100.00	N/R	950,570
		5.500%, 5/01/37
1,000		Windsor at Westside Community Development District, Osceola County, Florida, Special	11/25 at 100.00	N/R	1,047,760
		Assessment Bonds, Area 1 Project, Series 2015, 5.125%, 11/01/45
124,485		Total Florida			124,797,776
		Georgia – 1.4% (1.1% of Total Investments)
1,000		Atlanta Urban Residential Finance Authority, Georgia, Multifamily Housing Revenue Bonds,	11/23 at 100.00	BBB+	1,055,930
		Trestletree Village Apartments, Series 2013A, 5.000%, 11/01/48
860		Atlanta, Georgia, Tax Allocation Bonds, Beltline Project Series 2008A. Remarketed,	1/19 at 100.00	A2	982,275
		7.500%, 1/01/31
1,250		Clayton County Development Authority, Georgia, Special Facilities Revenue Bonds, Delta Air	6/20 at 100.00	Baa3	1,541,025
		Lines, Inc. Project, Series 2009A, 8.750%, 6/01/29
1,880		Douglas County Development Authority, Georgia, Charter School Revenue Bonds, Brighten Academy	10/23 at 100.00	N/R	2,113,910
		Project, Series 2013A, 7.125%, 10/01/43
1,000		Fulton County Development Authority, Georgia, Revenue Bonds, Amana Academy Project, Series	4/23 at 100.00	N/R	1,052,840
		2013A, 6.500%, 4/01/43
1,000		Fulton County Residential Care Facilities Elderly Authority, Georgia, First Mortgage Revenue	7/17 at 100.00	N/R	1,011,730
		Bonds, Lenbrook Project, Series 2006A, 5.125%, 7/01/37
1,140		Fulton County Residential Care Facilities Elderly Authority, Georgia, First Mortgage Revenue	No Opt. Call	N/R	1,193,922
		Bonds, Lenbrook Project, Series 2006B, 7.300%, 7/01/42 (Mandatory put 7/01/23)
		Liberty County Industrial Authority, Georgia, Revenue Bonds, Series 2014:
392		5.500%, 7/15/23	7/21 at 100.00	N/R	407,400
767		5.500%, 7/15/30	7/21 at 100.00	N/R	797,464
842		5.500%, 1/15/36	7/21 at 100.00	N/R	875,476
10,131		Total Georgia			11,031,972
		Guam – 0.4% (0.3% of Total Investments)
2,445		Guam Government, General Obligation Bonds, 2009 Series A, 7.000%, 11/15/39	11/19 at 100.00	N/R (5)	2,943,756
		(Pre-refunded11/15/19)
330		Guam International Airport Authority, Revenue Bonds, Series 2013C, 6.375%, 10/01/43	10/23 at 100.00	BBB	403,999
		(Alternative Minimum Tax)
2,775		Total Guam			3,347,755
		Hawaii – 0.3% (0.3% of Total Investments)
855		Hawaii Department of Budget and Finance, Private School Revenue Bonds, Montessori of Maui,	2/17 at 100.00	N/R	861,643
		Series 2007, 5.500%, 1/01/37
1,655		Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaiian Electric	7/19 at 100.00	Baa1	1,881,718
		Company, Inc. and Subsidiary Projects, Series 2009, 6.500%, 7/01/39
2,510		Total Hawaii			2,743,361
		Idaho – 0.1% (0.1% of Total Investments)
500		Idaho Health Facilities Authority, Revenue Bonds, Saint Luke’s Health System Project, Tender	3/22 at 100.00	A–	754,000
		Option Bond Trust 2016-XG0066, 15.147%, 3/01/47 – AGM Insured (IF) (6)
		Illinois – 10.3% (8.4% of Total Investments)
915		Bolingbrook, Illinois, Sales Tax Revenue Bonds, Series 2005, 6.250%, 1/01/24	1/17 at 100.00	N/R	917,260
1,000		Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding	No Opt. Call	B+	930,520
		Series 2010F, 5.000%, 12/01/31
14,885		Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series	12/25 at 100.00	B+	15,782,857
		2016A, 7.000%, 12/01/44
3,000		Chicago Metropolitan Water Reclamation District, Illinois, General Obligation Bonds, Series	12/24 at 100.00	AAA	3,571,230
		2015A, 5.000%, 12/01/44 (UB)
7,500		Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2011, 5.250%,	12/21 at 100.00	AA	8,338,200
		12/01/40 (UB) (6)
1,752		Chicago, Illinois, Certificates of Participation Tax Increment Bonds, 35th and State	No Opt. Call	N/R	1,768,131
		Redevelopment Project, Series 2012, 6.100%, 1/15/29
2,603		Chicago, Illinois, Certificates of Participation, Tax Increment Allocation Revenue Bonds,	10/16 at 100.00	N/R	1,852,114
		Diversey-Narragansett Project, Series 2006, 7.460%, 2/15/26 (4)
900		Chicago, Illinois, General Obligation Bonds, Project & Refunding Series 2014A, 5.250%, 1/01/30	1/24 at 100.00	BBB+	941,004
1,000		Chicago, Illinois, General Obligation Bonds, Project and Refunding Series 2005D,	1/25 at 100.00	BBB+	1,038,860
		5.500%, 1/01/37
130		Chicago, Illinois, General Obligation Bonds, Refunding Series 2016C, 5.000%, 1/01/38	1/26 at 100.00	BBB+	132,243
1,500		Chicago, Illinois, General Obligation Bonds, Variable Rate Demand Series 2007F, 5.500%, 1/01/42	1/25 at 100.00	BBB+	1,550,970
4,000		Cook County, Illinois, Recovery Zone Facility Revenue Bonds, Navistar International	10/20 at 100.00	Caa1	4,022,120
		Corporation Project, Series 2010, 6.500%, 10/15/40
2,180		Evanston, Illinois, Educational Facility Revenue Bonds, Roycemore School Project, Series 2011,	7/21 at 100.00	N/R	1,964,943
		8.250%, 7/01/41
3,370		Illinois Finance Authority, Charter School Revenue Bonds, Chicago Charter School Foundation,	12/16 at 100.00	BBB	3,388,333
		Series 2007, 5.000%, 12/01/36
1,000		Illinois Finance Authority, Recovery Zone Facility Revenue Bonds, Navistar International	10/20 at 100.00	Caa1	1,005,530
		Corporation Project, Series 2010, 6.500%, 10/15/40
1,100		Illinois Finance Authority, Revenue Bonds, Elmhurst Memorial Healthcare, Series 2008A,	1/18 at 100.00	Baa2	1,165,604
		5.625%, 1/01/37
1,000		Illinois Finance Authority, Revenue Bonds, Lake Forest College, Series 2012A, 6.000%, 10/01/48	10/22 at 100.00	BBB–	1,117,720
1,000		Illinois Finance Authority, Revenue Bonds, Montgomery Place Project, Series 2006A,	5/17 at 100.00	N/R	1,010,660
		5.750%, 5/15/38
2,500		Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Tender Option Bond Trust	11/17 at 100.00	A (5)	3,169,400
		4702, 18.041%, 11/15/37 (Pre-refunded 11/15/17) (IF) (6)
2,900		Illinois Finance Authority, Revenue Bonds, Provena Health, Series 2009A, 7.750%, 8/15/34	8/19 at 100.00	BBB	3,483,074
1,770		Illinois Finance Authority, Revenue Bonds, Sherman Health Systems, Series 2007A, 5.500%,	8/17 at 100.00	N/R (5)	1,856,518
		8/01/37 (Pre-refunded 8/01/17)
		Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers,
		Series 2009:
2,000		6.875%, 8/15/38 (Pre-refunded 8/15/19)	8/19 at 100.00	N/R (5)	2,368,880
3,850		7.000%, 8/15/44 (Pre-refunded 8/15/19)	8/19 at 100.00	N/R (5)	4,574,532
		Illinois Finance Authority, Revenue Bonds, The Carle Foundation, Tender Option Bond Trust
		2015-XF0121:
250		20.427%, 8/15/41 – AGM Insured (IF) (6)	8/21 at 100.00	AA	455,410
1,685		20.413%, 8/15/41 – AGM Insured (IF) (6)	8/21 at 100.00	AA	3,068,436
695		Illinois Finance Authority, Student Housing Revenue Bonds, Educational Advancement Fund Inc.,	11/16 at 100.00	BBB+	698,607
		University Center Project, Series 2006B, 5.000%, 5/01/30
6,020		Illinois Finance Authority, Student Housing Revenue Bonds, MJH Education Assistance	10/16 at 100.00	Caa2	5,417,579
		Illinois IV LLC, Fullerton Village Project, Series 2004A, 5.125%, 6/01/35 (4)
200		Illinois State, General Obligation Bonds, Series 2012A, 5.000%, 3/01/36	3/22 at 100.00	BBB+	212,804
1,105		Lombard Public Facilities Corporation, Illinois, First Tier Conference Center and Hotel	No Opt. Call	N/R	491,681
		Revenue Bonds, Series 2005A-1, 7.125%, 1/01/36 (11)
2,000		Lombard Public Facilities Corporation, Illinois, First Tier Conference Center and Hotel	10/16 at 100.00	D	1,701,240
		Revenue Bonds, Series 2005A-2, 5.500%, 1/01/36 – ACA Insured
		Lombard Public Facilities Corporation, Illinois, Second Tier Conference Center and Hotel
		Revenue Bonds, Series 2005B:
285		5.250%, 1/01/25 (12)	10/16 at 100.00	D	86,914
1,175		5.250%, 1/01/36 (12)	10/16 at 100.00	D	358,328
1,431		Lombard Public Facilities Corporation, Illinois, Third Tier Conference Center and Hotel	7/18 at 100.00	N/R	14
		Revenue Bonds, Series 2005C-3, 12.000%, 1/01/36 (4)
800		Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series	6/21 at 100.00	A–	960,152
		2010, 6.000%, 6/01/28
980		Rantoul, Champaign County, Illinois, Tax Increment Revenue Bonds, Evans Road Series 2013B,	12/23 at 100.00	N/R	1,069,415
		7.000%, 12/01/33
1,000		Southwestern Illinois Development Authority, Health Facility Revenue Bonds, Memorial Group,	11/23 at 100.00	AA	1,368,800
		Inc., Series 2013, 7.125%, 11/01/43
750		Springfield, Sangamon County, Illinois, Special Service Area, Legacy Pointe, Special	3/17 at 102.00	N/R	775,200
		Assessment Bonds, Series 2009, 7.875%, 3/01/32
895		Yorkville United City Business District, Illinois, Storm Water and Water Improvement Project	1/17 at 102.00	N/R	536,758
		Revenue Bonds, Series 2007, 6.000%, 1/01/26 (13)
81,126		Total Illinois			83,152,041
		Indiana – 3.2% (2.6% of Total Investments)
5,330		Carmel Redevelopment District, Indiana, Tax Increment Revenue Bonds, Series 2004A,	1/17 at 100.00	N/R	5,384,046
		6.650%, 1/15/24
1,000		Indiana Bond Bank, Special Program Bonds, Hendricks Regional Health Project, Tender Option	No Opt. Call	AA	2,336,540
		Bond Trust 2016-XL0019, 17.238%, 4/01/30 – AMBAC Insured (IF) (6)
1,250		Indiana Bond Bank, Special Program Gas Revenue Bonds, JP Morgan Ventures Energy Corporation	No Opt. Call	A	2,005,650
		Guaranteed, Tender Option Bond Trust 2015-XF0115, 16.662%, 10/15/20 (IF) (6)
1,000		Indiana Finance Authority, Educational Facilities Revenue Bonds, Discovery Charter School	12/25 at 100.00	BB–	1,020,360
		Project, Series 2015A, 7.250%, 12/01/45
1,000		Indiana Finance Authority, Environmental Improvement Revenue Bonds, United States Steel	No Opt. Call	B	1,001,640
		Corporation Project, Refunding Series 2011, 6.000%, 12/01/19
2,000		Indiana Finance Authority, Environmental Improvement Revenue Bonds, United States Steel	No Opt. Call	B	1,771,080
		Corporation Project, Series 2012, 5.750%, 8/01/42 (Alternative Minimum Tax)
500		Indiana Finance Authority, Hospital Revenue Bonds, King’s Daughters’ Hospital and Health	8/20 at 100.00	BBB+	559,090
		Services, Series 2010, 5.500%, 8/15/45
		Indiana Finance Authority, Revenue Bonds, Trinity Health Care Group Revenue Bonds, Tender
		Option Bond Trust 2015-XF0106:
1,290		16.508%, 6/01/32 (IF) (6)	12/20 at 100.00	AA	1,957,652
1,250		17.502%, 12/01/32 (IF) (6)	12/19 at 100.00	AA	1,907,200
1,000		Indiana Health and Educational Facilities Financing Authority, Revenue Bonds, Ascension	11/16 at 100.00	AA+ (5)	1,053,160
		Health, Tender Option Bond Trust 2015-XF0090, 16.500%, 5/15/33 (Pre-refunded 11/15/16) (IF)
1,000		Shoals, Indiana, Exempt Facilities Revenue Bonds, National Gypsum Company Project, Series	11/23 at 100.00	N/R	1,213,720
		2013, 7.250%, 11/01/43 (Alternative Minimum Tax)
1,000		St. Joseph County, Indiana, Economic Development Revenue Bonds, Chicago Trail Village	7/18 at 100.00	N/R	1,033,890
		Apartments, Series 2005A, 7.500%, 7/01/35
		Vigo County Hospital Authority, Indiana, Revenue Bonds, Union Hospital, Series 2007:
250		5.700%, 9/01/37	9/17 at 100.00	N/R	257,143
4,050		5.800%, 9/01/47	9/17 at 100.00	N/R	4,163,441
21,920		Total Indiana			25,664,612
		Iowa – 0.9% (0.7% of Total Investments)
1,020		Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Alcoa Inc. Project,	8/22 at 100.00	BBB–	1,069,358
		Series 2012, 4.750%, 8/01/42
2,000		Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company	12/23 at 100.00	B+	2,164,140
		Project, Series 2013, 5.250%, 12/01/25
		Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C:
1,000		5.375%, 6/01/38	10/16 at 100.00	B+	1,000,070
2,900		5.625%, 6/01/46	10/16 at 100.00	B+	2,907,627
6,920		Total Iowa			7,141,195
		Kansas – 0.8% (0.6% of Total Investments)
		University of Kansas Hospital Authority, Health Facilities Revenue Bonds, KU Health System,
		Refunding & Improvement, Series 2015:
2,000		5.000%, 9/01/45 (UB) (6)	9/25 at 100.00	AA–	2,387,180
3,305		5.000%, 9/01/45 (UB) (6)	9/25 at 100.00	A+	3,944,815
5,305		Total Kansas			6,331,995
		Kentucky – 0.2% (0.2% of Total Investments)
500		Kentucky Economic Development Finance Authority, Hospital Facilities Revenue Bonds, Owensboro	6/20 at 100.00	BBB+	572,040
		Medical Health System, Series 2010A, 6.000%, 6/01/30
1,000		Kentucky Housing Corporation, Multifamily Housing Revenue Bonds, Heritage Green Apartments	5/25 at 100.00	N/R	1,049,580
		Project, Series 2015, 5.625%, 5/01/45
1,500		Total Kentucky			1,621,620
		Louisiana – 3.4% (2.8% of Total Investments)
2,350		Ascension Parish Industrial development Board, Louisiana, Revenue Bonds, Impala Warehousing	7/23 at 100.00	N/R	2,655,594
		(US) LLC Project, Series 2013, 6.000%, 7/01/36
8,500		Louisiana Local Government Environmental Facilities & Community Development Authority, Revenue	11/17 at 100.00	BBB+	9,101,715
		Bonds, Westlake Chemical Corporation Project, Series 2007, 6.750%, 11/01/32
		Louisiana Local Government Environmental Facilities and Community Development Authority,
		Revenue Bonds, Southgate Suites Retail Project, Series 2007A:
7,000		6.750%, 12/15/37 (4)	12/17 at 100.00	N/R	4,499,880
1,115		6.000%, 12/15/37 (4)	12/37 at 100.00	N/R	612,057
100		Louisiana Local Government Environmental Facilities and Community Development Authority,	No Opt. Call	N/R	54,894
		Revenue Bonds, Southgate Suites Retail Project, Series 2007B, 9.000%, 12/15/14
500		Louisiana Local Government Environmental Facilities and Community Development Authority,	11/20 at 100.00	BBB+	602,905
		Revenue Bonds, Westlake Chemical Corporation Projects, Series 2010A-1, 6.500%, 11/01/35
		Louisiana Local Government Environmental Facilities and Community Development Authority,
		Revenue Bonds, Womans Hospital Foundation Project, Tender Option Bonds Trust 2016-XF2336:
750		19.435%, 10/01/40 (IF) (6)	10/20 at 100.00	A	1,291,500
750		19.424%, 10/01/40 (IF) (6)	10/20 at 100.00	A	1,291,163
1,000		Louisiana Public Facilities Authority, Dock and Wharf Revenue Bonds, Impala Warehousing (US)	7/23 at 100.00	N/R	1,136,110
		LLC Project, Series 2013, 6.500%, 7/01/36 (Alternative Minimum Tax)
1,970		Louisiana Public Facilities Authority, Revenue Bonds, Lake Charles Charter Academy Foundation	12/21 at 100.00	N/R	2,258,999
		Project, Series 2011A, 7.750%, 12/15/31
2,110		Louisiana Public Facilities Authority, Revenue Bonds, Southwest Louisiana Charter Academy	12/23 at 100.00	N/R	2,539,638
		Foundation Project, Series 2013A, 8.125%, 12/15/33
2,000		Louisiana Public Facilities Authority, Solid Waste Disposal Facility Revenue Bonds, Louisiana	No Opt. Call	N/R	1,161,700
		Pellets Inc Project, Series 2015, 7.000%, 7/01/24 (Alternative Minimum Tax) (4)
28,145		Total Louisiana			27,206,155
		Maine – 0.4% (0.3% of Total Investments)
3,155		Portland Housing Development Corporation, Maine, Section 8 Assisted Senior Living Revenue	10/16 at 100.00	Baa2	3,160,647
		Bonds, Avesta Housing Development Corporation, Series 2004A, 6.000%, 2/01/34
		Maryland – 1.0% (0.8% of Total Investments)
1,210		Baltimore, Maryland, Senior Lien Convention Center Hotel Revenue Bonds, Series 2006A, 5.250%,	9/16 at 100.00	Ba1	1,213,775
		9/01/39 – SYNCORA GTY Insured
3,000		Maryland Economic Development Corporation, Port Facilities Revenue Bonds, CNX Marine Terminals	9/20 at 100.00	B	2,991,420
		Inc. Port of Baltimore Facility, Refunding Series 2010, 5.750%, 9/01/25
4,000		Maryland Economic Development Corporation, Revenue Bonds, Chesapeake Bay Hyatt Conference	12/16 at 100.00	N/R	2,388,400
		Center, Series 2006A, 5.000%, 12/01/31 (4)
2,500		Maryland Economic Development Corporation, Revenue Bonds, Chesapeake Bay Hyatt Conference	12/16 at 100.00	N/R	1,492,750
		Center, Series 2006B, 5.250%, 12/01/31
10,710		Total Maryland			8,086,345
		Massachusetts – 0.8% (0.7% of Total Investments)
480		Massachusetts Port Authority, Special Facilities Revenue Bonds, Delta Air Lines Inc., Series	1/17 at 100.00	N/R	481,982
		2001A, 5.000%, 1/01/27 – AMBAC Insured (Alternative Minimum Tax)
5,000		Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2016A, 5.000%,	3/24 at 100.00	AA+	6,000,550
		3/01/46 (UB) (6)
5,480		Total Massachusetts			6,482,532
		Michigan – 2.6% (2.1% of Total Investments)
770		Detroit Local Development Finance Authority, Michigan, Tax Increment Bonds, Series 1998A,	11/16 at 100.00	B–	769,946
		5.500%, 5/01/21
10		Detroit Local Development Finance Authority, Michigan, Tax Increment Bonds, Series 1998A,	9/16 at 100.00	N/R (5)	10,000
		5.500%, 5/01/21 – ACA Insured (Pre-refunded 9/14/16)
4,000		Detroit, Michigan, Distributable State Aid General Obligation Bonds, Limited Tax Series 2010,	11/20 at 100.00	AA	4,395,480
		5.250%, 11/01/35
88		Detroit, Michigan, General Obligation Bonds, Series 2003A, 5.250%, 4/01/22 (Pre-refunded 9/14/16)	9/16 at 100.00	N/R (5)	87,874
116		Detroit, Michigan, General Obligation Bonds, Series 2004A-1, 5.250%, 4/01/19 – AMBAC Insured	9/16 at 100.00	N/R (5)	116,666
		(Pre-refunded 9/14/16)
477		Michigan Finance Authority, Detroit, Michigan, Local Government Loan Program, Unlimited Tax	9/16 at 100.00	A– (5)	479,053
		General Obligation Bonds, Series 2014G-4A, 5.250%, 4/01/22 – SYNCORA GTY Insured
		(Pre-refunded 9/14/16)
634		Michigan Finance Authority, Detroit, Michigan, Local Government Loan Program, Unlimited Tax	9/16 at 100.00	A– (5)	636,019
		General Obligation Bonds, Series 2014G-5A, 5.250%, 4/01/19 – AMBAC Insured
		(Pre-refunded 9/14/16)
960		Michigan Finance Authority, Public School Academy Limited Obligation Revenue Bonds, Hope	4/21 at 100.00	B	859,824
		Academy Project, Series 2011, 8.125%, 4/01/41
1,000		Michigan Finance Authority, Public School Academy Limited Obligation Revenue Bonds, Voyageur	7/21 at 100.00	B–	928,130
		Academy Project, Series 2011, 8.000%, 7/15/41
1,670		Michigan Public Educational Facilities Authority, Charter School Revenue Bonds, American	12/17 at 100.00	N/R	1,711,917
		Montessori Academy, Series 2007, 6.500%, 12/01/37
1,000		Michigan Public Educational Facilities Authority, Limited Obligation Revenue Bonds, Chandler	10/16 at 100.00	BBB	1,002,020
		Park Academy Project, Series 2008, 6.500%, 11/01/35
1,000		Michigan Public Educational Facilities Authority, Limited Obligation Revenue Bonds, Richfield	9/17 at 100.00	BBB–	1,008,390
		Public School Academy, Series 2007, 5.000%, 9/01/36
880		Michigan Public Educational Facilities Authority, Limited Obligation Revenue Bonds, David	6/17 at 100.00	N/R	888,598
		Ellis Academy-West Charter School Project, Series 2007, 5.875%, 6/01/37
1,500		Michigan State Hospital Finance Authority, Revenue Bonds, Hills and Dales General Hospital,	11/17 at 100.00	N/R	1,532,685
		Series 2005A, 6.750%, 11/15/38
955		Michigan Strategic Fund, Limited Obligation Revenue Bonds, Detroit Thermal LLC Project, Series	12/23 at 100.00	N/R	969,392
		2013, 8.500%, 12/01/30 (Alternative Minimum Tax)
825		Michigan Strategic Fund, Solid Waste Facility Limited Obligation Revenue Bonds, Canton	No Opt. Call	N/R	869,880
		Renewables, LLC ? Sauk Trail Hills Project, Series 2014, 6.750%, 7/01/22 (Alternative
		Minimum Tax)
1,000		Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont	9/18 at 100.00	Aaa	1,159,350
		Hospital, Refunding Series 2009V, 8.250%, 9/01/39 (Pre-refunded 9/01/18)
		Summit Academy North, Michigan, Revenue Bonds, Public School Academy Series 2005:
1,000		5.500%, 11/01/30 (Pre-refunded 9/30/16)	9/16 at 100.00	BB (5)	1,000,570
500		5.500%, 11/01/35 (Pre-refunded 9/30/16)	9/16 at 100.00	BB (5)	500,205
500		Summit Academy, Michigan, Revenue Bonds, Public School Academy Series 2005,	10/16 at 100.00	BB	500,590
		6.375%, 11/01/35
1,200		University of Michigan, General Revenue Bonds, Series 2015, 5.000%, 4/01/46 (UB) (6)	4/26 at 100.00	AAA	1,492,452
20,085		Total Michigan			20,919,041
		Minnesota – 0.6% (0.5% of Total Investments)
665		Brooklyn Park, Minnesota, Charter School Lease Revenue Bonds, Athlos Leadership Academy	7/25 at 100.00	N/R	695,976
		Project, Series 2015A, 5.500%, 7/01/35
1,000		Columbus, Minnesota, Charter School Lease Revenue Bonds, New Millennium Academy Project,	7/25 at 100.00	BB	1,048,480
		Series 2015A, 6.000%, 7/01/45
505		Greenwood, Minnesota, Charter School Lease Revenue Bonds, Main Street School of Performing	7/26 at 100.00	N/R	489,436
		Arts Project, Series 2016A, 5.000%, 7/01/47
3,000		Saint Paul Port Authority, Minnesota, Solid Waste Disposal Revenue Bonds, Gerdau Saint Paul	10/22 at 100.00	BBB–	2,715,000
		Steel Mill Project, Series 2012-7, 4.500%, 10/01/37 (Alternative Minimum Tax)
5,170		Total Minnesota			4,948,892
		Mississippi – 0.2% (0.2% of Total Investments)
709		Mississippi Home Corporation, Multifamily Housing Revenue Bonds, Tupelo Personal Care	10/19 at 101.00	N/R	725,739
		Apartments, Series 2004-2, 6.125%, 9/01/34 (Alternative Minimum Tax)
1,000		Warren County, Mississippi, Gulf Opportunity Zone Revenue Bonds, International Paper Company	9/18 at 100.00	BBB	1,107,070
		Project, Series 2008A, 6.500%, 9/01/32
1,709		Total Mississippi			1,832,809
		Missouri – 2.0% (1.7% of Total Investments)
1,000		Hanley Road Corridor Transportation Development District, Brentwood and Maplewood, Missouri,	10/19 at 100.00	A–	1,116,860
		Transportation Sales Revenue Bonds, Refunding Series 2009A, 5.875%, 10/01/36
2,000		Joplin Industrial Development Authority, Missouri, Tax Increment Revenue Bonds, Joplin	4/23 at 100.00	N/R	2,181,500
		Recovery TIF Redevelopment Project, Series 2013B, 5.875%, 4/01/36
655		Kansas City Industrial Development Authority, Missouri, Sales Tax Revenue Bonds, Ward Parkway	4/26 at 100.00	N/R	654,954
		Center Community Improvement District, Senior Refunding & Improvement Series 2016,
		5.000%, 4/01/46
2,000		Liberty, Missouri, Special Obligation Tax Increment and Special Districts Bonds, Liberty	6/25 at 100.00	N/R	2,087,740
		Commons Project, Subordinate Lien Series 2015B, 8.500%, 6/15/46
5,935		Missouri Environmental Improvement and Energy Resources Authority, Water Facility Revenue	12/16 at 100.00	AA+	5,981,768
		Bonds, Missouri-American Water Company, Series 2006, 4.600%, 12/01/36 – BHAC Insured
		(Alternative Minimum Tax) (UB) (6)
1,100		Saint Louis Industrial Development Authority, Missouri, Confluence Academy Project, Series	6/18 at 100.00	N/R	1,110,362
		2007A, 5.350%, 6/15/32
955		Saint Louis Land Clearance for Redevelopment Authority, Missouri, Tax-Exempt Recovery Zone	9/20 at 100.00	N/R	1,004,899
		Facilities Improvement, Special Revenue Bonds, Kiel Opera House Project, Series 2010B,
		7.000%, 9/01/35
1,578		Saint Louis, Missouri, Tax Increment Financing Revenue Bonds, Fashion Square Redevelopment	3/17 at 100.00	N/R	1,577,984
		Project, Series 2008A, 6.300%, 8/22/26
732		Saint Louis, Missouri, Tax Increment Financing Revenue Bonds, Grace Lofts Redevelopment	12/16 at 100.00	N/R	718,341
		Projects, Series 2007A, 6.000%, 3/27/26
15,955		Total Missouri			16,434,408
		Nebraska – 1.3% (1.0% of Total Investments)
6,485		Omaha Public Power District, Nebraska, Separate Electric System Revenue Bonds, Nebraska	2/17 at 100.00	Aa1 (5)	10,206,479
		City 2, Tender Option Bond Trust 2016-XF2219, 19.267%, 8/01/40 – BHAC Insured
		(Pre-refunded 2/01/17) (IF)
		Nevada – 0.7% (0.6% of Total Investments)
2,500		Clark County, Nevada, General Obligation Bank Bonds, Southern Nevada Water Authority Loan,	6/18 at 100.00	Aa1	3,248,400
		Tender Option Bond Trust 2016-XG0031, 16.597%, 6/01/33 (IF)
500		Henderson, Nevada, Limited Obligation Bonds, Local Improvement District T-18 Inspirada, Series	3/17 at 100.00	N/R	500,430
		2006, 5.125%, 9/01/19
		Sparks Tourism Improvement District 1, Legends at Sparks Marina, Nevada, Senior Sales Tax
		Revenue Bonds Series 2008A:
555		6.500%, 6/15/20	6/18 at 100.00	B1	589,765
1,500		6.750%, 6/15/28	6/18 at 100.00	B1	1,592,280
5,055		Total Nevada			5,930,875
		New Jersey – 1.9% (1.6% of Total Investments)
2,100		New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental	9/22 at 101.00	BB–	2,357,607
		Airlines Inc., Series 1999, 5.250%, 9/15/29 (Alternative Minimum Tax)
1,080		New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental	3/24 at 101.00	BB–	1,259,129
		Airlines Inc., Series 2000A & 2000B, 5.625%, 11/15/30 (Alternative Minimum Tax)
1,000		New Jersey Economic Development Authority, Student Housing Revenue Bonds, Provident	6/20 at 100.00	Baa3	1,130,410
		Group-Montclair Properties LLC, Montclair State University Student Housing Project, Series
		2010A, 5.875%, 6/01/42
600		New Jersey Educational Facilities Authority, Revenue Bonds, University of Medicine and	6/19 at 100.00	N/R (5)	713,382
		Dentistry of New Jersey, Refunding Series 2009B, 7.500%, 12/01/32 (Pre-refunded 6/01/19)
5,200		New Jersey Health Care Facilities Financing Authority, New Jersey, Revenue Bonds, Saint Peters	7/18 at 100.00	BB+	5,557,292
		University Hospital, Series 2007, 5.750%, 7/01/37
		New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Joseph’s
		Healthcare System Obligated Group Issue, Series 2008:
685		6.000%, 7/01/18	No Opt. Call	BBB–	718,654
2,000		6.625%, 7/01/38	7/18 at 100.00	BBB–	2,189,260
675		New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Series 2008A,	6/18 at 100.00	AA	724,572
		6.125%, 6/01/30 – AGC Insured (Alternative Minimum Tax)
1,000		Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,	6/17 at 100.00	B–	989,410
		Series 2007-1A, 5.000%, 6/01/41
14,340		Total New Jersey			15,639,716
		New Mexico – 0.8% (0.7% of Total Investments)
380		Mariposa East Public Improvement District, New Mexico, Revenue Bonds, Capital Appreciation	9/16 at 45.38	N/R	45,467
		Taxable Series 2015D, 0.000%, 9/01/32
70		Mariposa East Public Improvement District, New Mexico, Special Levy Revenue Bonds, Series	9/25 at 100.00	N/R	72,804
		2015A, 5.900%, 9/01/32
325		Mariposa East Public Improvement District, New Mexico, Special Levy Revenue Bonds, Series	9/25 at 100.00	N/R	311,444
		2015B, 5.900%, 9/01/32
435		Mariposa East Public Improvement District, New Mexico, Special Levy Revenue Bonds, Series	9/25 at 100.00	N/R	392,701
		2015C, 5.900%, 9/01/32
1,210		Mesa Del Sol Public Improvement District 1, Albuquerque, New Mexico, Special Levy Revenue	10/23 at 100.00	N/R	1,330,105
		Bonds, Series 2013, 7.250%, 10/01/43
450		Montecito Estates Public Improvement District, New Mexico, Special Levee Revenue Bonds, Series	10/17 at 100.00	N/R	459,707
		2007, 7.000%, 10/01/37
965		New Mexico Hospital Equipment Loan Council, First Mortgage Revenue Bonds, La Vida LLena	7/20 at 100.00	BBB–	1,042,219
		Project, Series 2010A, 5.875%, 7/01/30
1,020		Volterra Public Improvement District, Albuquerque, New Mexico, Special Levy Revenue Bonds,	No Opt. Call	N/R	1,122,326
		Series 2014, 6.750%, 10/01/33
1,575		Winrock Town Center Tax Increment Development District, Albuquerque, New Mexico, Gross	5/20 at 103.00	N/R	1,690,463
		Receipts Tax Increment Bonds, Senior Lien Series 2015, 6.000%, 5/01/40
6,430		Total New Mexico			6,467,236
		New York – 8.3% (6.8% of Total Investments)
1,000		Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue	1/20 at 100.00	BBB–	1,152,840
		Bonds, Barclays Center Project, Series 2009, 6.375%, 7/15/43
2,000		Build NYC Resource Corporation, New York, Revenue Bonds, Albert Einstein College of Medicine,	9/25 at 100.00	N/R	2,407,480
		Inc., Series 2015, 5.500%, 9/01/45
5,000		Dutchess County Local Development Corporation, New York, Revenue Bonds, Health Quest	7/26 at 100.00	A–	6,041,000
		Systems, Inc. Project, 2016B, 5.000%, 7/01/46 (UB) (6)
10,000		Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2016C-1,	11/26 at 100.00	AA–	12,012,200
		5.000%, 11/15/56 (UB)
485		New York City Industrial Development Agency, New York, American Airlines-JFK International	No Opt. Call	N/R (5)	485,189
		Airport Special Facility Revenue Bonds, Series 2005, 7.500%, 8/01/16 (Alternative
		Minimum Tax) (ETM)
		New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bronx
		Parking Development Company, LLC Project, Series 2007:
1,500		5.750%, 10/01/37 (14)	10/17 at 100.00	N/R	509,955
5,000		5.875%, 10/01/46 (15)	10/17 at 102.00	N/R	1,699,850
650		New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special	10/16 at 100.00	N/R	653,725
		Needs Facilities Pooled Program, Series 2008A-1, 5.800%, 7/01/23
17,000		New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Series	1/26 at 100.00	AA	20,817,690
		2016S-1, 5.000%, 7/15/43 (UB)
500		New York Liberty Development Corporation, Liberty Revenue Bonds, Secured by Port Authority	12/21 at 100.00	AA–	872,840
		Consolidated Bonds, Tender Option Bonds Trust 2016-XG0062, 16.490%, 12/15/41 (IF) (6)
1,000		New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade	11/24 at 100.00	N/R	1,150,610
		Center Project, Class 1 Series 2014, 5.000%, 11/15/44
3,250		New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade	11/24 at 100.00	N/R	3,667,918
		Center Project, Class 2 Series 2014, 5.150%, 11/15/34
6,000		New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade	11/24 at 100.00	N/R	7,916,760
		Center Project, Class 3 Series 2014, 7.250%, 11/15/44
1,375		New York Liberty Development Corporation, New York, Liberty Revenue Bonds, Bank of America	1/20 at 100.00	A–	1,566,029
		Tower at One Bryant Park Project, Second Priority Refunding Series 2010, 6.375%, 7/15/49
		New York Liberty Development Corporation, New York, Second Priority Liberty Revenue Refunding
		Bonds, Bank of America Tower at One Bryant Park Project, Tender Option Bond Trust 2016-XG0018:
625		17.096%, 1/15/44 (IF) (6)	1/15 at 100.00	AA+	961,225
250		17.096%, 1/15/44 (IF) (6)	1/15 at 100.00	AA+	384,490
1,900		New York Transportation Development Corporation, New York, Special Facility Revenue Bonds,	8/21 at 100.00	BB	2,085,592
		American Airlines, Inc. John F Kennedy International Airport Project, Refunding Series 2016,
		5.000%, 8/01/31 (Mandatory put 8/01/21) (Alternative Minimum Tax)
1,000		New York Transportation Development Corporation, New York, Special Facilities Bonds, LaGuardia	7/24 at 100.00	BBB	1,148,890
		Airport Terminal B Redevelopment Project, Series 2016A, 5.000%, 7/01/46 (Alternative
		Minimum Tax)
530		Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air	12/20 at 100.00	Baa1	624,679
		Terminal LLC Project, Eighth Series 2010, 6.000%, 12/01/42
1,000		Westchester County Local Development Corporation, New York, Revenue Bonds, Westchester	11/25 at 100.00	BBB	1,176,010
		Medical Center Obligated Group Project, Series 2016, 5.000%, 11/01/46
60,065		Total New York			67,334,972
		North Carolina – 0.6% (0.5% of Total Investments)
940		Charlotte-Mecklenberg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA	1/21 at 100.00	AA–	1,508,202
		Carolinas HealthCare System, Tender Option Bond Trust 2016-XF2222, 17.615%, 1/15/42 (IF)
		North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond,
		Meredith College, Series 2008A:
1,000		6.000%, 6/01/31	6/18 at 100.00	BBB	1,070,140
1,000		6.125%, 6/01/35	6/18 at 100.00	BBB	1,069,760
960		North Carolina Capital Facilities Financing Agency, Revenue Bonds, Duke University, Series	10/16 at 100.00	AA+	1,488,634
		2008, Tender Option Bond Trust 2015-XF0095, 24.983%, 10/01/36 (IF)
3,900		Total North Carolina			5,136,736
		North Dakota – 0.1% (0.1% of Total Investments)
2,000		Williston, North Dakota, Multifamily Housing Revenue Bonds, Eagle Crest Apartments LLC	9/23 at 100.00	N/R	1,199,900
		Project, Series 2013, 7.750%, 9/01/38 (4)
		Ohio – 5.7% (4.7% of Total Investments)
		Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
		Bonds, Senior Lien, Series 2007A-2:
10,000		5.875%, 6/01/30	6/17 at 100.00	B–	10,000,997
6,875		5.750%, 6/01/34	6/17 at 100.00	B–	6,844,063
2,005		6.500%, 6/01/47	6/17 at 100.00	B–	2,050,273
9,500		5.875%, 6/01/47	6/17 at 100.00	B–	9,495,060
5,455		Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue	6/22 at 100.00	B–	5,573,264
		Bonds, Senior Lien, Series 2007A-3, 6.250%, 6/01/37
1,500		Butler County Port Authority, Ohio, Public Infrastructure Revenue Bonds, Liberty Center	12/22 at 100.00	N/R	1,556,685
		Project, Liberty Community Authority, Series 2014C, 6.000%, 12/01/43
2,000		Lorain County Port Authority, Ohio, Recovery Zone Facility Economic Development Revenue Bonds,	12/20 at 100.00	B	1,984,640
		United State Steel Corporation Project, Series 2010, 6.750%, 12/01/40
1,270		Medina County Port Authority, Ohio, Development Revenue Bond, Fiber Network Project, Series	12/20 at 100.00	A+	1,427,886
		2010B, 6.000%, 12/01/30
1,250		Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System	1/19 at 100.00	Aa2	1,803,650
		Obligated Group, Tender Option Bond Trust 2015-XF0105, 18.478%, 1/01/39 (IF)
3,000		State of Ohio, Solid Waste Disposal Revenue Bonds (USG Corporation Project) Series 1997	8/16 at 100.00	B+	3,001,470
		Remarketed, 5.600%, 8/01/32 (Alternative Minimum Tax)
2,000		Tuscarawas County Economic Development and Finance Alliance, Ohio, Higher Education Facilities	3/25 at 100.00	N/R	2,103,940
		Revenue Bonds, Ashland University, Refunding & Improvement Series 2015, 6.000%, 3/01/45
6,000		Western Reserve Port Authority, Ohio, Solid Waste Facility Revenue Bonds, Central Waste Inc.,	7/17 at 102.00	N/R	149,940
		Series 2007A, 6.350%, 7/01/27 (Alternative Minimum Tax) (4)
50,855		Total Ohio			45,991,868
		Oklahoma – 0.3% (0.3% of Total Investments)
2,000		Fort Sill Apache Tribe of Oklahoma Economic Development Authority, Gaming Enterprise Revenue	8/21 at 100.00	N/R	2,421,860
		Bonds, Fort Sill Apache Casino, Series 2011A, 8.500%, 8/25/26
		Pennsylvania – 2.6% (2.2% of Total Investments)
		Allegheny Country Industrial Development Authority, Pennsylvania, Environmental Improvement
		Revenue Bonds, United States Steel Corporation Project, Refunding Series 2009:
500		6.750%, 11/01/24	11/19 at 100.00	B	492,190
2,000		6.875%, 5/01/30	11/19 at 100.00	B	1,975,940
860		Berks County Industrial Development Authority, Pennsylvania, First Mortgage Revenue Bonds, One	11/17 at 101.00	N/R	880,692
		Douglassville Properties Project, Series 2007A, 6.125%, 11/01/34 (Alternative Minimum Tax)
2,000		Chester County Health and Education Facilities Authority, Pennsylvania, Revenue Bonds,	10/16 at 100.00	N/R	2,040,120
		Immaculata University, Series 2005, 5.750%, 10/15/37
1,410		Chester County Industrial Development Authority, Pennsylvania, Avon Grove Charter School	12/17 at 100.00	BBB–	1,478,216
		Revenue Bonds, Series 2007A, 6.375%, 12/15/37
185		Montgomery County Industrial Development Authority, Pennsylvania, FHA Insured Mortgage	8/20 at 100.00	N/R (5)	318,992
		Revenue Bonds, New Regional Medical Center Project, Tender Option Bond Trust 62B,
		18.349%, 8/01/38 (Pre-refunded 8/01/20) (IF) (6)
4,115		Pennsylvania Economic Development Finance Authority, Solid Waste Disposal Revenue Bonds (USG	12/16 at 100.00	B+	4,116,893
		Corporation Project) Series 1999, 6.000%, 6/01/31 (Alternative Minimum Tax)
4,250		Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Refunding	9/25 at 100.00	B+	4,576,528
		Bonds, PPL Energy Supply, LLC Project, Series 2009A, 6.400%, 12/01/38
2,500		Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Nueva	1/23 at 100.00	N/R	2,900,200
		Esperanza, Inc. – Esperanza Academy Charter School, Series 2013, 8.000%, 1/01/33
510		Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital	No Opt. Call	BBB–	575,933
		Revenue Bonds, Temple University Health System Obligated Group, Series 2012A,
		5.625%, 7/01/36
1,000		Philadelphia Hospitals and Higher Education Facilities Authority, Pennsylvania, Hospital	No Opt. Call	BBB–	1,038,250
		Revenue Bonds, Temple University Health System Obligated Group, Series 2012B,
		6.250%, 7/01/23
685		Scranton, Pennsylvania, General Obligation Bonds, Series 2012A, 8.500%, 9/01/22	No Opt. Call	N/R	771,289
180		The Redevelopment Authority of the City of Scranton, Lackawanna county, Pennsylvania,	5/24 at 100.00	BB	193,313
		Guaranteed Lease Revenue Bonds, Series 2016A, 5.000%, 11/15/28
20,195		Total Pennsylvania			21,358,556
		Rhode Island – 0.6% (0.5% of Total Investments)
1,000		Rhode Island Health & Educational Building Corporation, Health Facilities Revenue Bonds,	1/21 at 100.00	N/R	1,185,470
		Tockwotton Home, Series 2011, 8.375%, 1/01/46
1,000		Rhode Island Student Loan Authority, Student Loan Program Revenue Bonds, Series 2008A, 6.750%,	12/17 at 100.00	AA	1,051,860
		12/01/28 (Alternative Minimum Tax)
21,160		Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds,	6/17 at 12.63	CCC+	2,220,742
		Series 2007A, 0.000%, 6/01/52
23,160		Total Rhode Island			4,458,072
		South Carolina – 2.0% (1.6% of Total Investments)
4,000		Lancaster County, South Carolina, Special Assessment Bonds, Edgewater II Improvement District,	11/17 at 100.00	N/R	1,199,120
		Series 2007A, 7.750%, 11/01/39 (4)
3,477		Lancaster County, South Carolina, Special Assessment Bonds, Edgewater II Improvement District,	No Opt. Call	N/R	1,042,335
		Series 2007B, 7.700%, 11/01/17 (4)
1,000		South Carolina Jobs-Economic Development Authority, Economic Development Revenue Bonds,	11/24 at 100.00	N/R	1,166,630
		Midland Valley Preparatory School Project, Series 2014, 7.750%, 11/15/45
1,250		South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Palmetto Health,	8/21 at 100.00	AA	1,542,825
		Refunding Series 2011A, 6.500%, 8/01/39 – AGM Insured
9,250		South Carolina Public Service Authority, Electric System Revenue Bonds, Santee Cooper, Series	12/26 at 100.00	AA–	11,185,655
		2016B, 5.000%, 12/01/46 (UB)
18,977		Total South Carolina			16,136,565
		Tennessee – 3.6% (3.0% of Total Investments)
3,000		Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds,	7/20 at 100.00	BBB+	3,497,520
		Mountain States Health Alliance, Refunding Series 2010A, 6.500%, 7/01/38
14,835		Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board,	7/26 at 100.00	A3	17,851,697
		Tennessee, Revenue Bonds, Vanderbilt University Medical Center, Series 2016A,
		5.000%, 7/01/46 (UB) (6)
6,024		The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006B, 5.625%, 9/01/26	No Opt. Call	BBB	7,197,415
965		Wilson County Health and Educational Facilities Board, Tennessee, Senior Living Revenue Bonds,	No Opt. Call	N/R	947,022
		Rutland Place Inc. Project, Series 2015A, 5.500%, 1/01/46
24,824		Total Tennessee			29,493,654
		Texas – 6.7% (5.5% of Total Investments)
2,000		Austin Convention Enterprises Inc., Texas, Convention Center Hotel Revenue Bonds, Second Tier	1/17 at 100.00	BB	2,025,700
		Series 2006B, 5.750%, 1/01/34
4,005		Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric	7/18 at 100.00	N/R	67,925
		Company, Series 2001D, 8.250%, 5/01/33 (Alternative Minimum Tax) (4)
1,000		Celina, Texas, Special Assessment Revenue Bonds, Creeks of Legacy Public Improvement District	9/22 at 103.00	N/R	1,064,360
		Phase 1 Project, Series 2014, 7.000%, 9/01/40
		Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2011:
1,000		6.750%, 1/01/41 (Pre-refunded 1/01/21)	1/21 at 100.00	BBB (5)	1,254,290
250		6.000%, 1/01/41 (Pre-refunded 1/01/21)	1/21 at 100.00	BBB+ (5)	305,458
		Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Tejano Center
		for Community Concerns, Inc.-Raul Yzaguirre School for Success, Refunding Series 2009A:
2,100		8.750%, 2/15/28	2/18 at 100.00	B+	2,194,269
2,000		9.000%, 2/15/38	2/18 at 100.00	B+	2,094,060
4,165		Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds, Series 2016A, 5.000%,	12/25 at 100.00	Aa2	5,054,394
		12/01/48 (UB) (6)
2,910		Danbury Higher Education Authority Inc., Texas, Golden Rule Charter School Revenue Bonds,	2/18 at 100.00	BBB– (5)	3,149,959
		Series 2008A, 6.500%, 8/15/38 (Pre-refunded 2/15/18)
		Decatur Hospital Authority, Texas, Revenue Bonds, Wise Regional Health System, Series 2013A:
450		6.625%, 9/01/31	9/23 at 100.00	N/R	553,136
1,000		6.375%, 9/01/42	9/23 at 100.00	N/R	1,189,510
1,500		Fort Bend County Industrial Development Corporation, Texas, Revenue Bonds, NRG Energy Inc.	11/22 at 100.00	Baa3	1,647,750
		Project, Series 2012A. RMKT, 4.750%, 5/01/38
585		Gulf Coast Industrial Development Authority, Texas, Solid Waste Disposal Revenue Bonds, Citgo	10/16 at 100.00	BB+	586,363
		Petroleum Corporation Project, Series 1998, 8.000%, 4/01/28 (Alternative Minimum Tax)
915		Heart of Texas Education Finance Corporation, Texas, Gateway Charter Academy, Series 2006A,	8/16 at 100.00	N/R	925,413
		6.000%, 2/15/36
3,760		Jefferson County Industrial Development Corporation, Texas, Hurricane Ike Disaster Area	7/22 at 100.00	N/R	4,063,206
		Revenue Bonds, Port of Beaumont Petroleum Transload Terminal, LLC Project, Series 2012,
		8.250%, 7/01/32
1,330		La Vernia Higher Education Financing Corporation, Texas, Education Revenue Bonds, Amigos Por	10/16 at 100.00	N/R	1,332,088
		Vida Friends For Life Public Charter School, Series 2008, 6.375%, 2/15/37
1,000		Mission Economic Development Corporation, Texas, Revenue Bonds, Natgasoline Project, Series	10/18 at 103.00	BB–	1,068,960
		2016B, 5.750%, 10/01/31 (Alternative Minimum Tax)
2,000		Mission Economic Development Corporation, Texas, Water Supply Revenue Bonds, Enviro Water	1/26 at 102.00	N/R	2,071,100
		Minerals Project, Green Bonds, Series 2015, 7.750%, 1/01/45 (Alternative Minimum Tax)
1,000		New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue	No Opt. Call	BBB–	1,116,290
		Bonds, CHF-Collegiate Housing Corpus Christi I, L.L.C.-Texas A&M University-Corpus Christi
		Project, Series 2014A, 5.000%, 4/01/44
2,250		North Texas Tollway Authority, Special Projects System Revenue Bonds, Tender Option Bond Trust	9/21 at 100.00	AA+	4,013,820
		2016-XG0036, 18.761%, 9/01/41 (IF)
335		North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier, Series 2008F,	1/18 at 100.00	A2 (5)	359,519
		5.750%, 1/01/38 (Pre-refunded 1/01/18)
2,000		Red River Health Facilities Development Corporation, Texas, First Mortgage Revenue Bonds, Eden	No Opt. Call	N/R	1,771,080
		Home Inc., Series 2012, 7.000%, 12/15/32 (4)
300		Rowlett, Texas, Special Assessment Revenue Bonds, Bayside Public Improvement District North	3/24 at 102.00	N/R	310,083
		Improvement Area, Series 2016, 5.750%, 9/15/36
2,000		Sabine River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Energy Company	10/16 at 100.00	C	33,920
		LLC Project, Series 2003B, 6.150%, 8/01/22 (4)
4,000		Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue	5/26 at 100.00	AA–	4,859,960
		Bonds, Scott & White Healthcare Project, Series 2016A, 5.000%, 11/15/45 (UB)
2,810		Texas Private Activity Bond Surface Transportation Corporation, Revenue Bonds, NTE Mobility	12/19 at 100.00	Baa2	3,337,971
		Partners LLC North Tarrant Express Managed Lanes Project, Senior Lien Series 2009,