# EDGAR Filing Document

**Accession Number:** 0001390204
**File Stem:** 0001390204-25-000056
**Filing Date:** 2025-12
**Character Count:** 303775
**Document Hash:** f1aeedbf0130bcfe4e03bf5df59e8d44
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001390204-25-000056.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0001390204-25-000056

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251230

**DATE AS OF CHANGE**: 20251230

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nuveen Managed Accounts Portfolios Trust
- **CENTRAL INDEX KEY:** 0001390204

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22023
- **FILM NUMBER:** 251611282

**BUSINESS ADDRESS:**
- **STREET 1:** 333 WEST WACKER DRIVE
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-917-8146

**MAIL ADDRESS:**
- **STREET 1:** 333 WEST WACKER DRIVE
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Nuveen Managed Account Pooled Shares Trust
- **DATE OF NAME CHANGE:** 20070215

## Series and Classes Contracts Data

### Nuveen Core Impact Bond Managed Accounts Portfolio (Series ID: S000068798)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000219780 | Common Shares | NCIRX           |

## Nport-Ex

#### Portfolio of Investments October 31, 2025

#### Municipal Total Return
(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM INVESTMENTS - 100.7%

1555526774

MUNICIPAL BONDS - 100.7%

1555526774

ALABAMA - 1.0%

$

2,500,000

Alabama Community College System Board of Trustees,

Revenue Bonds, Coastal Alabama Community College Series

2025 - BAM Insured

.000

%

10/01/50

$

2,605,030

1,155,000

(a),(b)

Baldwin County Industrial Development Authority, Alabama,

Solid Waste Disposal Revenue Bonds, Novelis Corporation

Project, Series 2025A, (AMT), (Mandatory Put 6/01/32)

.000

06/01/55

1,189,828

1,000,000

Florence Public Educational Building Authority, Alabama,

Revenue Bonds, University of North Alabama Athletic Facilities

1830 Foundation Series 2024

.250

11/01/49

1,059,737

240,000

Jefferson County, Alabama, Sewer Revenue Warrants, Series

2024

.000

10/01/32

270,344

50,000

Jefferson County, Alabama, Sewer Revenue Warrants, Series

2024

.000

10/01/34

56,517

250,000

Jefferson County, Alabama, Sewer Revenue Warrants, Series

2024

.000

10/01/35

279,991

525,000

Jefferson County, Alabama, Sewer Revenue Warrants, Series

2024

.000

10/01/38

574,650

400,000

Jefferson County, Alabama, Sewer Revenue Warrants, Series

2024

.000

10/01/39

433,951

1,000,000

Jefferson County, Alabama, Sewer Revenue Warrants, Series

2024

.250

10/01/40

1,094,974

250,000

Jefferson County, Alabama, Sewer Revenue Warrants, Series

2024

.250

10/01/41

272,259

130,000

Jefferson County, Alabama, Sewer Revenue Warrants, Series

2024

.250

10/01/42

139,890

75,000

Jefferson County, Alabama, Sewer Revenue Warrants, Series

2024

.250

10/01/45

79,309

1,590,000

Jefferson County, Alabama, Sewer Revenue Warrants, Series

2024

.250

10/01/49

1,659,407

955,000

Jefferson County, Alabama, Sewer Revenue Warrants, Series

2024

.500

10/01/53

1,007,471

1,415,000

Madison Water and Wastewater Board, Alabama, Water and

Sewer Revenue Bonds, Series 2023

.250

12/01/48

1,514,627

1,205,000

The Public Educational Building Authority of Jacksonville,

Alabama, Jacksonville State University Foundation, Higher

Educational Facilities Revenue Bonds, Jackson State University

Project Series 2023A - AGM Insured

.000

08/01/54

1,218,108

1,250,000

Walker County Board of Education, Alabama, Special School

Tax Warrants, Series 2025

.000

03/01/47

1,304,236

TOTAL ALABAMA

14,760,329

ALASKA - 0.3%

1,030,000

Alaska Municipal Bond Bank, General Obligation Bonds, Three

Series 2023, (AMT)

.250

12/01/38

1,123,758

1,145,000

Alaska Municipal Bond Bank, General Obligation Bonds, Three

Series 2023, (AMT)

.250

12/01/40

1,240,666

2,310,000

Anchorage, Alaska, Solid Waste Services Revenue Bonds,

Refunding Series 2022A

.500

11/01/41

2,581,974

TOTAL ALASKA

4,946,398

ARIZONA - 2.0%

470,000

(b) Arizona Industrial Development Authority, Arizona, Education

Revenue Bonds, Pinecrest Academy of Nevada Horizon,

Inspirada and St. Rose Campus Projects, Series 2018A

.000

07/15/28

473,128

1,625,000

(b) Arizona Industrial Development Authority, Development First

Lien Revenue Bonds, Montanero Project, Alternative Minimum

Tax Series 2025, (AMT)

.750

12/01/55

1,669,451

1,050,000

Maricopa County and Phoenix City Industrial Development

Authority, Arizona, Single Family Mortgage Revenue Bonds,

Series 2024C

.750

09/01/49

1,064,656

1,605,000

(b) Maricopa County Industrial Development Authority, Arizona,

Education Revenue Bonds, Sun Valley Academy, Series 2024A

.250

07/01/44

1,634,026

#### Portfolio of Investments October 31, 2025
(continued)

#### Municipal Total Return

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ARIZONA

(continued)

$

7,000,000

Maricopa County Industrial Development Authority, Arizona,

Educational Facilities Revenue Bonds, Creighton University

Projects, Series 2020

.000

%

07/01/47

$

7,151,091

3,785,000

Phoenix Civic Improvement Corporation, Arizona, Wastewater

System Revenue Bonds, Junior Lien Series 2023

.250

07/01/47

4,072,412

5,025,000

Phoenix Industrial Development Authority, Arizona, Education

Facility Revenue Bonds, Great Hearts Academies Project, Series

2014A

.000

07/01/44

5,025,373

410,000

(b) Pima County Industrial Development Authority, Arizona,

Education Facility Revenue Bonds, San Tan Montessori School

Project, Series 2017

.750

02/01/50

410,231

3,300,000

Salt River Project Agricultural Improvement and Power District,

Arizona, Electric System Revenue Bonds, Series 2023A

.000

01/01/47

3,472,275

2,855,000

(c),(d)

Salt River Project Agricultural Improvement and Power District,

Arizona, Electric System Revenue Bonds, Series 2025, (UB)

.000

01/01/51

3,029,598

1,575,000

(b) Sierra Vista Industrial Development Authority, Arizona,

Education Facility Revenue Bonds, Desert Heights Charter

School Project, Refunding Series 2024

.875

06/01/44

1,525,810

1,380,000

(b) Yavapai County Industrial Development Authority, Arizona,

Education Revenue Bonds, Arizona Agribusiness and Equine

Center Inc Project, Refunding Series 2015A

.000

09/01/34

1,380,304

TOTAL ARIZONA

30,908,355

ARKANSAS - 0.6%

1,400,000

(b) Arkansas Development Finance Authority, Charter School

Revenue Bonds, Academy of Math and Science - Little Rock

Project Series 2024A

.000

07/01/59

1,277,656

1,800,000

Arkansas Development Finance Authority, Revenue Bonds,

Baptist Memorial Health Care, Refunding Series 2020B-1

.000

09/01/36

1,873,058

2,015,000

Arkansas Tech University, Revenue Bonds, Refunding Student

Fee Series 2022A - BAM Insured

.000

12/01/42

2,076,251

1,555,000

Fort Smith, Arkansas, Sales and Use Tax Revenue Bonds, Series

2025

.250

11/01/55

1,651,537

850,000

Hope, Arkansas, Sales and Use Tax Revenue Bonds, Series

2025 - BAM Insured

.500

06/01/46

851,744

1,000,000

Pulaski County, Arkansas, Hospital Revenue Bonds, Arkansas

Children's Hospital, Series 2023

.000

03/01/41

1,064,784

TOTAL ARKANSAS

8,795,030

CALIFORNIA - 2.9%

250,000

Burbank-Glendale-Pasadena Airport Authority, California,

Airport Revenue Bonds, Senior Series 2024B, (AMT)

.250

07/01/42

268,231

100,000

(b) California Municipal Finance Authority Charter School Revenue

Bonds, River Charter Schools Project, Series 2018A

.500

06/01/38

100,206

1,500,000

(b) California Municipal Finance Authority, Charter School

Revenue Bonds, Palmdale Aerospace Academy Project, Series

2018A

.000

07/01/38

1,493,587

600,000

(b) California Municipal Finance Authority, Educational Facilities

Revenue Bonds, Westside Neighborhood School Project,

Series 2024

.500

06/15/39

636,992

315,000

(b) California Municipal Finance Authority, Educational Facilities

Revenue Bonds, Westside Neighborhood School Project,

Series 2024

.900

06/15/44

332,073

3,000,000

California Municipal Finance Authority, Revenue Bonds,

Eisenhower Medical Center, Refunding Series 2017A

.000

07/01/47

3,005,179

6,000,000

California Municipal Finance Authority, Revenue Bonds, Linxs

APM Project, Senior Lien Series 2018A, (AMT)

.000

12/31/38

6,106,612

325,000

California Municipal Finance Authority, Special Tax Revenue

Bonds, Community Facilities District 2023-11 Improvement

Area A Hesperia Silverwood, Series 2024

.000

09/01/44

333,781

335,000

California Municipal Finance Authority, Special Tax Revenue

Bonds, Community Facilities District 2023-11 Improvement

Area A Hesperia Silverwood, Series 2024

.000

09/01/49

340,060

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CALIFORNIA

(continued)

$

4,000,000

(b) California Pollution Control Financing Authority, Water

Furnishing Revenue Bonds, Poseidon Resources Channelside

LP Desalination Project, Series 2012, (AMT)

.000

%

11/21/45

$

4,000,231

2,000,000

California Public Finance Authority, Senior Living Revenue

Bonds, The James, Senior Series 2024A

.875

06/01/39

2,010,233

1,305,000

California Public Finance Authority, Senior Living Revenue

Bonds, The James, Senior Series 2024A

.375

06/01/59

1,228,483

1,000,000

(b) California School Finance Authority, Charter School Revenue

Bonds, Envision Education, Series 2024A

.000

06/01/44

943,443

1,815,000

California State, General Obligation Bonds, Various Purpose

Refunding Series 2025

.000

08/01/35

2,176,173

3,900,000

(b) California Statewide Communities Development Authority,

California, Revenue Bonds, Loma Linda University Medical

Center, Series 2016A

.000

12/01/36

3,922,303

280,000

(b) California Statewide Communities Development Authority,

California, Revenue Bonds, Loma Linda University Medical

Center, Series 2016A

.000

12/01/46

279,579

750,000

California Statewide Community Development Authority,

Health Revenue Bonds, Enloe Medical Center, Refunding

Series 2022A - AGM Insured

.125

08/15/47

770,629

1,250,000

El Rancho Unified School District, Los Angeles County,

California, General Obligation Bonds, Election 2016 Series

2023D - BAM Insured

.750

08/01/48

1,420,587

2,500,000

Irvine, California, Special Tax Bonds, Community Facilities

District 2013-3 Great Park, Improvement Area 4, Series 2016

.000

09/01/41

2,397,300

50,000

Long Beach Bond Finance Authority, California, Natural Gas

Purchase Revenue Bonds, Series 2007A

.000

11/15/35

57,245

1,000,000

North Lake Tahoe Public Financing Authority, California, Lease

Revenue Bonds, Health & Human Services Center Series 2022

.500

12/01/47

1,081,164

1,200,000

Rancho Mirage, California, Special Tax Bonds, Community

Facilities District 5 Section 31, Improvement Area 1 Series

2024A

.000

09/01/44

1,227,180

1,000,000

Sacramento County, California, Airport System Revenue Bonds,

Senior Series 2025A, (AMT)

.000

07/01/38

1,099,738

1,900,000

San Diego County Regional Airport Authority, California,

Airport Revenue Bonds, Senior Series 2025B, (AMT)

.250

07/01/41

2,102,851

1,780,000

San Diego County Regional Airport Authority, California,

Airport Revenue Bonds, Senior Series 2025B, (AMT)

.250

07/01/42

1,950,083

1,500,000

San Diego County Regional Airport Authority, California,

Airport Revenue Bonds, Senior Series 2025B, (AMT)

.250

07/01/43

1,628,040

3,000,000

San Francisco Airport Commission, California, Revenue Bonds,

San Francisco International Airport, Refunding Second Series

2023C, (AMT)

.500

05/01/38

3,373,378

TOTAL CALIFORNIA

44,285,361

COLORADO - 8.5%

4,000,000

Adams 12 Five Star Schools, Adams County, Colorado, General

Obligation Bonds, Series 2025

.250

12/15/44

4,364,952

1,170,000

Adams and Arapahoe Counties Joint School District 28J,

Aurora, Colorado, General Obligation Bonds, Series 2025

.500

12/01/46

1,308,035

1,000,000

Aerotropolis Regional Transportation Authority, Colorado,

Special Revenue Bonds, Series 2021

.250

12/01/41

894,893

500,000

(b) Aerotropolis Regional Transportation Authority, Colorado,

Special Revenue Bonds, Series 2024

.500

12/01/44

505,273

1,630,000

Arista Metropolitan District, Broomfield County, Colorado,

General Obligation Limited Tax Bonds, Refunding Convertible

to Unlimited Tax Series 2023A - BAM Insured

.000

12/01/48

1,690,858

500,000

Bromley Park Metropolitan District No. 2, In the City of

Brighton, Adams and Weld Counties, Colorado, Senior General

Obligation Limited Tax Refunding Bonds, Series 2023 - BAM

Insured

.500

12/01/43

547,128

250,000

Buckhorn Valley Metropolitan District 2, Gypsum, Eagle

County, Colorado, General Obligation Limited Tax Refunding

Series 2025

.000

12/01/37

270,325

#### Portfolio of Investments October 31, 2025
(continued)

#### Municipal Total Return

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

COLORADO

(continued)

$

250,000

Buckhorn Valley Metropolitan District 2, Gypsum, Eagle

County, Colorado, General Obligation Limited Tax Refunding

Series 2025

.000

%

12/01/40

$

267,326

425,000

Buckhorn Valley Metropolitan District 2, Gypsum, Eagle

County, Colorado, General Obligation Limited Tax Refunding

Series 2025

.250

12/01/45

450,721

500,000

Buckhorn Valley Metropolitan District 2, Gypsum, Eagle

County, Colorado, General Obligation Limited Tax Refunding

Series 2025

.000

12/01/50

518,063

575,000

Buckhorn Valley Metropolitan District 2, Gypsum, Eagle

County, Colorado, General Obligation Limited Tax Refunding

Series 2025

.000

12/01/55

587,182

1,250,000

Canyons Metropolitan District 5, Douglas County, Colorado,

Limited Tax General Obligation and Special Revenue Bonds,

Refunding and Improvement Series 2024A - BAM Insured

.000

12/01/49

1,279,248

500,000

Canyons Metropolitan District 5, Douglas County, Colorado,

Limited Tax General Obligation and Special Revenue Bonds,

Subordinate Refunding Series 2024B - BAM Insured

.500

12/15/54

503,184

692,000

CCP Metropolitan District 3, Colorado, General Obligation

Bonds, Limited Tax Refunding Series 2024

.000

12/01/53

689,634

5,785,000

Centennial Water and Sanitation District, Douglas County,

Colorado, Water and Wastewater Revenue Bonds, Series 2024

.250

12/01/53

6,208,500

520,000

Chambers Highpoint Metropolitan District No. 2, Colorado,

Limited Tax General Obligation and Special Revenue Bonds,

Series 2021

.000

12/01/41

460,235

1,890,000

Colorado Bridge and Tunnel Enterprise, Colorado, Senior

Infrastructure Revenue Bonds, Series 2024A - AGM Insured

.500

12/01/54

2,050,482

1,000,000

Colorado Bridge and Tunnel Enterprise, Colorado, Senior

Infrastructure Revenue Bonds, Series 2025A

.250

12/01/44

1,089,695

1,500,000

Colorado Bridge and Tunnel Enterprise, Colorado, Senior

Infrastructure Revenue Bonds, Series 2025A

.250

12/01/45

1,628,092

500,000

(b) Colorado Educational and Cultural Facilities Authority, Charter

School Revenue Bonds, Aspen Ridge School Project, Series

2015A

.000

07/01/36

500,142

350,000

Colorado Educational and Cultural Facilities Authority, Charter

School Revenue Bonds, Littleton Preparatory Charter School,

Series 2013

.000

12/01/33

350,229

845,000

Colorado Educational and Cultural Facilities Authority, Charter

School Revenue Bonds, Littleton Preparatory Charter School,

Series 2013

.000

12/01/42

842,601

1,555,000

Colorado Health Facilities Authority, Colorado, Revenue Bonds,

Adventist Health System/Sunbelt Obligated Group, Series

2016A

.000

11/15/41

1,563,118

4,000,000

Colorado Health Facilities Authority, Colorado, Revenue Bonds,

CommonSpirit Health, Series 2019A-2

.000

08/01/44

4,069,434

1,155,000

Colorado Health Facilities Authority, Colorado, Revenue Bonds,

CommonSpirit Health, Series 2022A

.250

11/01/36

1,282,185

5,300,000

Colorado Health Facilities Authority, Colorado, Revenue Bonds,

CommonSpirit Health, Series 2022A

.250

11/01/52

5,474,693

1,000,000

Colorado Health Facilities Authority, Colorado, Revenue Bonds,

CommonSpirit Health, Series 2025A

.000

09/01/35

1,145,521

1,220,000

(d) Colorado Health Facilities Authority, Colorado, Revenue Bonds,

Craig Hospital Project, Series 2025A

.250

12/01/50

1,273,956

4,050,000

Colorado Health Facilities Authority, Colorado, Revenue Bonds,

Intermountain Healthcare, Series 2022A

.000

05/15/52

3,713,125

4,000,000

Colorado Springs, Colorado, Utilities System Revenue Bonds,

Improvement Series 2023A

.250

11/15/48

4,297,008

480,000

Crowfoot Valley Ranch Metropolitan District No. 2, Douglas

County, Colorado, Limited Tax General Obligation Bonds,

Refunding Series 2024A - BAM Insured

.000

12/01/44

495,908

2,905,000

Dawson Trails Metropolitan District 1, Colorado, In The

Town of Castle Rock, Limited Tax General Obligation Capital

Appreciation Turbo Bonds, Series 2024

.000

12/01/31

1,844,974

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

COLORADO

(continued)

$

725,000

Del Norte, Colorado, Healthcare Facilities Revenue Bonds, Rio

Grande Hospital Refunding Project, Refunding Series 2024

.875

%

12/01/34

$

730,610

550,000

Del Norte, Colorado, Healthcare Facilities Revenue Bonds, Rio

Grande Hospital Refunding Project, Refunding Series 2024

.200

12/01/39

546,192

1,725,000

Denver City and County, Colorado, Airport System Revenue

Bonds, Series 2022D, (AMT)

.750

11/15/34

2,002,326

805,000

Denver City and County, Colorado, Airport System Revenue

Bonds, Series 2022D, (AMT)

.750

11/15/35

927,756

700,000

Denver City and County, Colorado, Airport System Revenue

Bonds, Subordinate Lien Series 2023B, (AMT)

.500

11/15/40

777,320

1,100,000

Denver Convention Center Hotel Authority, Colorado, Revenue

Bonds, Convention Center Hotel, Refunding Senior Lien Series

2016

.000

12/01/25

1,101,161

3,000,000

(b) Falcon Area Water and Wastewater Authority (El Paso County,

Colorado), Tap Fee Revenue Bonds, Series 2022A

.750

12/01/34

3,029,470

300,000

Fiddler's Business Improvement District, Colorado, Limited Tax

General Obligation Bonds, Greenwood Village Project, Series

2022

.550

12/01/47

304,906

500,000

(b) Granary Metropolitan District 9, Weld County, Colorado,

Special Assessment Revenue Bonds, Special Improvement

District 1, Series 2024

.450

12/01/44

501,768

500,000

Grandview Reserve Metropolitan District, El Paso County,

Colorado, Limited Tax General Obligation Senior Bonds, Series

2022A and Limited Tax General Obligation Subordinate Bonds,

Series 2022B(3)

.250

12/01/52

497,864

2,000,000

Gypsum, Colorado, Sewer Enterprise Revenue Bonds, Series

2024

.000

12/01/54

2,078,084

1,065,000

(b) Hess Ranch Metropolitan District 5, Parker, Colorado, Special

Assessment Revenue Bonds, Special Improvement District 2,

Series 2024

.500

12/01/44

1,075,258

500,000

(b) Hogback Metropolitan District, Jefferson County, Colorado,

Limited Tax General Obligation Bonds, Convertible to

Unlimited Tax Series 2021A

.000

12/01/51

474,680

675,000

Hunters Overlook Metropolitan District 5, Severance, Weld

County, Colorado, Limited Tax General Obligation Bonds,

Refunding Series 2024

.000

12/01/49

698,006

2,000,000

Lakes at Centerra Metropolitan District 2, Loveland, Colorado,

Limited Tax General Obligation Bonds, Refunding Series

2024A - AGM Insured

.000

12/01/49

2,030,865

1,500,000

Lambertson Farms Metropolitan District 1, Colorado, Revenue

Bonds, Refunding Series 2024A

.125

12/15/44

1,449,391

1,200,000

Lambertson Farms Metropolitan District 1, Colorado, Revenue

Bonds, Refunding Series 2024A

.250

12/15/49

1,138,882

2,550,000

(b) Ledge Rock Center Commercial Metropolitan District (In the

Town of Johnstown, Weld County, Colorado), Limited Tax

General Obligation Bonds, Series 2022

.125

11/01/42

2,690,349

500,000

Meridian Ranch Metropolitan District 2018, Subdistrict, El Paso

County, Colorado, General Obligation Limited Tax Bonds,

Series 2022

.250

12/01/37

515,104

4,000,000

Mesa County Valley School District 51, Grand Junction,

Colorado, General Obligation Bonds, Series 2025

.250

12/01/49

4,324,436

500,000

(b) Mineral Business Improvement District, Arapahoe County,

Colorado, General Obligation and Special Revenue Bonds,

Limited Tax Series 2024A

.750

12/01/54

504,819

1,300,000

Northern Colorado Water Conservancy District, Certificates of

Participation, Series 2022

.250

07/01/52

1,364,834

750,000

(b) Orchard Park Place South Metropolitan District, Adams County,

Colorado, General Obligation Bonds, Limited Tax Series 2024

.000

12/01/54

753,283

1,000,000

Park Creek Metropolitan District, Colorado, Revenue Bonds,

Senior Limited Property Tax, Refunding and Improvement

Series 2025

.000

12/01/40

1,079,786

1,330,000

Peak Metropolitan District 3, Colorado Springs, El Paso County,

Colorado, Limited Tax General Obligation Bonds, Series

2022A-1

.500

12/01/52

1,349,839

#### Portfolio of Investments October 31, 2025
(continued)

#### Municipal Total Return

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

COLORADO

(continued)

$

1,035,000

(b) Plaza Metropolitan District 1, Lakewood, Colorado, Tax

Increment Revenue Bonds, Refunding Series 2013

.000

%

12/01/40

$

1,035,301

4,000,000

Rampart Range Metropolitan District 1, Lone Tree, Colorado,

Limited Tax Supported and Special Revenue Bonds, Refunding

& Improvement Series 2017

.000

12/01/42

4,037,302

1,400,000

Ravenna Metropolitan District, Douglas County, Colorado,

General Obligation Bonds, Refunding Limited Tax Series 2023

- AGM Insured

.000

12/01/38

1,518,540

690,000

Ravenna Metropolitan District, Douglas County, Colorado,

General Obligation Bonds, Refunding Limited Tax Series 2023

- AGM Insured

.000

12/01/43

722,355

1,450,000

(b) Reagan Ranch Metropolitan District 1, Colorado Springs,

Colorado, General Obligation Bonds, Limited Tax & Special

Revenue, Series 2025

.125

12/01/54

1,450,140

1,000,000

Redtail Ridge Metropolitan District, City of Louisville, Boulder

County, Colorado, General Obligation Limited Tax Capital

Appreciation Turbo Bonds, Series 2025

.000

12/01/32

622,293

1,282,000

(b) Ridge at Johnstown Metropolitan District 8, Larimer County,

Colorado, Special Assessment Revenue Bonds, Special

Improvement District 1, Series 2024

.875

12/01/44

1,224,875

1,345,000

Silverstone Metropolitan District 3, Weld County, Colorado,

General Obligation and Special Revenue Bonds, Limited Tax

Series 2023

.750

12/01/45

1,373,980

835,000

(b) Sojourn at Idlewild Metropolitan District, Grand County,

Colorado, Limited Tax General Obligation Bonds, Winter Park

Series 2025A

.125

12/01/55

861,650

2,950,000

South Aurora Regional Improvement Authority, Aurora,

Colorado, Special Revenue Bonds, Refunding Improvement

Series 2025

.750

12/01/55

3,028,978

3,000,000

(b) Southern Ute Indian Tribe of the Southern Ute Indian

Reservation, Colorado, General Obligation Bonds, Series

2025A

.000

04/01/35

3,284,844

500,000

(b),(e)

St. Vrain Lakes Metropolitan District 4, Weld County, Colorado,

General Obligation Bonds, Firestone Convertible Capital

Appreciation Limited Tax Series 2024A

.000

09/20/54

351,067

2,060,000

State of Colorado, Rural Colorado, Certificates of Participation,

Series 2022

.000

12/15/39

2,406,651

7,870,000

State of Colorado, Rural Colorado, Certificates of Participation,

Series 2022

.000

12/15/40

9,139,517

1,000,000

STC Metropolitan District 2, Superior, Boulder County,

Colorado, Limited Tax General Obligation and Special Revenue

Bonds, Refunding First Lien Series 2025A-1

.250

12/01/45

1,044,875

1,000,000

STC Metropolitan District 2, Superior, Boulder County,

Colorado, Limited Tax General Obligation and Special Revenue

Bonds, Refunding First Lien Series 2025A-1

.000

12/01/55

1,015,625

600,000

(b) STC Metropolitan District 2, Superior, Boulder County,

Colorado, Limited Tax General Obligation and Special Revenue

Bonds, Refunding Second Lien Series 2025A-2

.250

12/01/55

610,398

900,000

Thompson Crossing Metropolitan District 4, Johnstown,

Larimer County, Colorado, General Obligation Bonds, Limited

Tax Convertible to Unlimited Tax, Refunding & Improvement

Series 2019

.000

12/01/39

904,607

5,250,000

Vale, Colorado, Certificates of Participation, Series 2025

.500

12/01/64

5,675,273

500,000

(e) Verve Metropolitan District 1, Jefferson County and the City

and County of Broomfield, Colorado, General Obligation

Bonds, Convertible Capital Appreciation Improvement Series

2024A

.000

12/01/54

365,209

1,000,000

Verve Metropolitan District 1, Jefferson County and the City

and County of Broomfield, Colorado, General Obligation

Bonds, Refunding and Improvement Limited Tax Series 2021

.000

12/01/41

948,685

1,250,000

Village Metropolitan District In the Town of Avon, Eagle County,

Colorado, Special Revenue and Limited Property Tax Bonds,

Refunding & Improvement Series 2020

.000

12/01/40

1,260,609

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

COLORADO

(continued)

$

1,000,000

West Globeville Metropolitan District 1, Denver, Colorado,

General Obligation Limited Tax Bonds, Series 2022

.750

%

12/01/52

$

1,007,599

2,870,000

(b),(e)

West Globeville Metropolitan District 1, Denver, Colorado,

General Obligation Limited Tax Bonds, Series 2024A-2

.000

12/01/54

1,865,816

1,000,000

(b) West Globeville Metropolitan District 1, Denver, Colorado,

Special Assessment Revenue Bonds, Special Improvement

District 1, Series 2024

.750

12/01/44

992,122

750,000

Wildwing Metropolitan District 5, Larimer County, Colorado,

Limited Tax General Obligation Bonds, Refunding and

Improvement Series 2024 - AGM Insured

.500

12/01/53

716,300

TOTAL COLORADO

131,578,320

CONNECTICUT - 0.1%

775,000

University of Connecticut, General Obligation Bonds, Series

2023A

.000

08/15/41

849,497

TOTAL CONNECTICUT

849,497

DELAWARE - 0.3%

375,000

(b) Bridgeville, Delaware, Special Obligation Bonds, Heritage

Shores Special Development District, Series 2024

.250

07/01/44

379,621

2,500,000

Delaware Health Facilities Authority, Revenue Bonds, Beebe

Medical Center Project, Series 2018 - BAM Insured

.000

06/01/48

2,505,399

715,000

Delaware State Housing Authority, Senior Single Family

Mortgage Revenue Bonds, Series 2024A

.625

07/01/49

714,219

1,030,000

Kent County, Delaware, Student Housing & Dining Facility

Revenue Bonds, Collegiate Housing Foundation - Dover LLC

Delaware State University Project, Series 2018A

.000

07/01/30

1,047,393

750,000

Kent County, Delaware, Student Housing & Dining Facility

Revenue Bonds, Collegiate Housing Foundation - Dover LLC

Delaware State University Project, Series 2018A

.000

07/01/31

761,845

TOTAL DELAWARE

5,408,477

DISTRICT OF COLUMBIA - 0.7%

4,400,000

(c) District of Columbia Water and Sewer Authority, Public Utility

Revenue Bonds, Subordinate Lien Refunding Green Series

2025B, (UB)

.250

10/01/50

4,759,750

4,645,000

(c) District of Columbia Water and Sewer Authority, Public Utility

Revenue Bonds, Subordinate Lien Refunding Green Series

2025B, (UB)

.250

10/01/54

5,001,171

1,240,000

District of Columbia, Washington, D.C., Revenue Bonds, KIPP

DC Issue, Series 2019

.000

07/01/44

1,108,262

TOTAL DISTRICT OF COLUMBIA

10,869,183

FLORIDA - 13.0%

530,000

Babcock Ranch Community Independent Special District,

Charlotte County, Florida, Special Assessment Bonds, 2022

Project Series 2022

.250

05/01/32

536,613

1,000,000

Babcock Ranch Community Independent Special District,

Charlotte County, Florida, Special Assessment Bonds, 2022

Project Series 2022

.000

05/01/42

1,014,748

1,495,000

Bay County School Board, Florida, Certificates of Participation,

Series 2022A

.500

07/01/42

1,624,242

2,000,000

Brevard County Health Facilities Authority, Florida, Hospital

Revenue Bonds, Health First Obligated Group, Series 2022A

.000

04/01/52

2,016,728

4,100,000

Broward County School District, Florida, General Obligation

Bonds, School Series 2022

.000

07/01/47

4,332,188

1,000,000

Broward County, Florida, Port Facilities Revenue Bonds, Series

2022, (AMT)

.250

09/01/47

1,036,527

4,890,000

Canaveral Port Authority, Florida, Port Improvement Revenue

Refunding Bonds, Series 2018B

.000

06/01/48

4,953,285

1,000,000

Cape Coral, Florida, Water and Sewer Revenue Bonds, Series

2023 - BAM Insured

.250

10/01/48

1,071,406

2,095,000

(b) Capital Trust Agency, Florida, Revenue Bonds, Odyssey Charter

School Project, Series 2019

.000

07/01/54

1,916,952

2,010,000

(b) Capital Trust Authority, Florida, Charter School Revenue Bonds,

Mason Classical Academy Project Series 2024A

.000

06/01/39

1,979,254

#### Portfolio of Investments October 31, 2025
(continued)

#### Municipal Total Return

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FLORIDA

(continued)

$

1,525,000

(b) Capital Trust Authority, Florida, Charter School Revenue Bonds,

Mason Classical Academy Project Series 2024A

.000

%

06/01/44

$

1,415,277

1,270,000

(b) Capital Trust Authority, Florida, Educational Facilities Revenue

Bonds, Babcock Neighborhood School Inc Project, Series 2024

.750

08/15/49

1,215,672

500,000

(b) Charlotte County Industrial Development Authority, Florida,

Utility System Revenue Bonds, Town & Country Utilities Project,

Series 2025, (AMT)

.125

10/01/55

520,754

2,235,000

Collier County Educational Facilities Authority, Florida,

Revenue Bonds, Ave Maria University, Refunding Series 2023

.500

06/01/30

2,367,633

2,490,000

Collier County Educational Facilities Authority, Florida,

Revenue Bonds, Ave Maria University, Refunding Series 2023

.500

06/01/32

2,677,559

435,000

Collier County Educational Facilities Authority, Florida,

Revenue Bonds, Ave Maria University, Refunding Series 2023

.000

06/01/43

414,586

500,000

Corkscrew Crossing Community Development District, Florida,

Special Assessment Bonds, Series 2023

.300

05/01/33

516,258

1,000,000

Corkscrew Crossing Community Development District, Florida,

Special Assessment Bonds, Series 2023

.100

05/01/43

1,011,720

2,375,000

Escambia County Health Facilities Authority Health Care

Facilities Revenue Bonds, Florida, Series 2020A (Baptist Health

Care Corporation Obligated Group)

.000

08/15/32

2,523,438

2,950,000

Escambia County Health Facilities Authority, Florida, Health

Care Facilities Revenue Bonds, Baptist Health Care Corporation

Obligated, Series 2020A

.000

08/15/33

3,122,473

925,000

(b) Florida Development Finance Corporation, Educational

Facilities Revenue Bonds, Cornerstone Charter Schools Project,

Series 2022

.000

10/01/32

952,310

1,230,000

(b) Florida Development Finance Corporation, Educational

Facilities Revenue Bonds, Cornerstone Classical Academy

Series 2024A

.250

06/01/44

1,198,762

175,000

(b) Florida Development Finance Corporation, Educational

Facilities Revenue Bonds, Downtown Doral Charter Upper

School Project, Series 2017C

.150

07/01/27

176,580

385,000

(b) Florida Development Finance Corporation, Educational

Facilities Revenue Bonds, Downtown Doral Charter Upper

School Project, Series 2017C

.750

07/01/47

382,854

1,210,000

Florida Development Finance Corporation, Educational

Facilities Revenue Bonds, Saint Andrews School of Boca Raton

Inc Project Series 2024A

.250

06/01/44

1,241,630

1,215,000

Florida Development Finance Corporation, Educational

Facilities Revenue Bonds, Saint Andrews School of Boca Raton

Inc Project Series 2024A

.250

06/01/54

1,229,038

700,000

(b) Florida Development Finance Corporation, Educational

Facilities Revenue Refunding Bonds, Central Charter School,

Series 2022

.250

08/15/37

677,719

500,000

(b) Florida Development Finance Corporation, Student Housing

Revenue Bonds, SPP - Tampa I - LLC The Henry Project, Series

2024A-1

.000

06/01/44

489,965

1,000,000

Florida Gulf Coast University Financing Corporation, Capital

Improvement Revenue Bonds, Refunding Housing Project,

Series 2022A

.000

02/01/40

1,076,346

5,340,000

Greater Orlando Aviation Authority, Florida, Orlando Airport

Facilities Revenue Bonds, Series 2015A, (AMT)

.000

10/01/40

5,342,201

455,000

Hammock Oaks Community Development District, Lady Lake,

Florida, Special Assessment Revenue Bonds, Area 2, Series

2024

.150

05/01/54

464,746

4,000,000

Hernando County, Florida, Non-Ad Valorem Revenue Bonds,

Series 2022

.250

06/01/47

4,213,763

300,000

Hobe-Saint Lucie Conservancy District, Florida, Special

Assessment Revenue Bonds, Improvement Unit 1A, Series

2024

.600

05/01/44

309,397

1,110,000

(b) Jacksonville, Florida, Educational Facilities Revenue Bonds,

Jacksonville University Project, Series 2018B

.000

06/01/53

930,192

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FLORIDA

(continued)

$

1,875,000

Julington Creek Plantation Community Development District,

Florida, Special Assessment Revenue Bonds, Series 2023 -

AGM Insured

.500

%

05/01/43

$

2,034,482

1,665,000

Lakeland, Florida, Energy System Revenue Bonds, Refunding

Series 2023

.000

10/01/42

1,789,398

10,000,000

Lakeland, Florida, Energy System Revenue Bonds, Series 2021

.000

10/01/48

10,948,473

1,100,000

Lakewood Ranch Stewardship District, Florida, Special

Assessment Revenue Bonds, Calusa Project, Series 2025

.700

05/01/45

1,139,526

1,000,000

Lakewood Ranch Stewardship District, Florida, Special

Assessment Revenue Bonds, Calusa Project, Series 2025

.900

05/01/55

1,032,522

760,000

Lakewood Ranch Stewardship District, Florida, Special

Assessment Revenue Bonds, Palm Grove Project, Series 2024

.500

05/01/55

766,331

885,000

Lauderhill, Florida, Water and Sewer Revenue Bonds, Series

2023 - AGM Insured

.000

10/01/48

932,813

515,000

Lee County Industrial Development Authority, Florida, Charter

School Revenue Bonds, Lee County Community Charter

Schools, Series 2007A

.250

06/15/27

515,194

970,000

(b) Lee County Industrial Development Authority, Florida, Charter

School Revenue Bonds, Lee County Community Charter

Schools, Series 2024A

.000

06/15/38

982,901

1,000,000

(b) Lee County Industrial Development Authority, Florida, Charter

School Revenue Bonds, Lee County Community Charter

Schools, Series 2024A

.250

06/15/42

1,006,435

2,000,000

Lee County Industrial Development Authority, Florida,

Healthcare Facilities Revenue Bonds, Shell Point/Alliance

Obligated Group, Shell Point Project, Refunding Series 2024C

.000

11/15/44

2,017,945

1,065,000

Lee County Industrial Development Authority, Florida,

Healthcare Facilities Revenue Bonds, Shell Point/Alliance

Obligated Group, Shell Point Project, Series 2024A

.250

11/15/54

1,070,654

1,000,000

(b) Magnolia Island Community Development District, Pasco

County, Florida, Capital Improvement Revenue Bonds,

Assessment Area 1, series 2025

.750

05/01/55

1,006,792

9,250,000

Miami Beach Health Facilities Authority, Florida, Hospital

Revenue Bonds, Mount Sinai Medical Center of Florida Project,

Refunding 2014

.000

11/15/39

9,256,750

2,550,000

Miami Beach Health Facilities Authority, Florida, Hospital

Revenue Bonds, Mount Sinai Medical Center of Florida Project,

Refunding 2014

.000

11/15/44

2,550,931

1,000,000

Miami Beach Health Facilities Authority, Florida, Hospital

Revenue Bonds, Mount Sinai Medical Center of Florida Project,

Series 2021B

.000

11/15/51

878,810

325,000

Miami-Dade County Expressway Authority, Florida, Toll System

Revenue Bonds, Series 2010A

.000

07/01/40

326,384

950,000

Miami-Dade County Industrial Development Authority, Florida,

Revenue Bonds, PInecrest Academy Project, Series 2014

.250

09/15/44

924,126

2,000,000

Miami-Dade County, Florida, Aviation Revenue Bonds,

Refunding Series 2017B, (AMT)

.000

10/01/40

2,024,035

670,000

(b) Miromar Lakes Community Development District, Lee County,

Florida, Capital Improvement Revenue Bonds, Refunding

Series 2025

.000

05/01/35

732,373

1,430,000

Monroe County, Florida, Airport Revenue Bonds, Key West

International Airport, Series 2022, (AMT)

.000

10/01/39

1,500,537

1,575,000

Monroe County, Florida, Airport Revenue Bonds, Key West

International Airport, Series 2022, (AMT)

.000

10/01/41

1,623,001

8,000,000

Orange County Health Facilities Authority, Florida, Hospital

Revenue Bonds, Orlando Health Obligated Group, Inc. Series

2025A

.000

10/01/47

8,377,679

5,000,000

Orange County Health Facilities Authority, Florida, Hospital

Revenue Bonds, Orlando Health Obligated Group, Inc. Series

2025A

.250

10/01/56

5,260,844

2,960,000

Orange County Health Facilities Authority, Florida, Hospital

Revenue Bonds, Orlando Health, Inc., Refunding Series 2016A

.000

10/01/39

2,991,423

745,000

Osceola County, Florida, Transportation Revenue Bonds,

Osceola Parkway, Refunding & Improvement Series 2019A-1

.000

10/01/29

786,937

#### Portfolio of Investments October 31, 2025
(continued)

#### Municipal Total Return

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FLORIDA

(continued)

$

620,000

Palm Beach County Health Facilities Authority, Florida, Hospital

Revenue Bonds, Jupiter Medical Center, Series 2022

.000

%

11/01/34

$

669,048

750,000

Palm Beach County Health Facilities Authority, Florida, Hospital

Revenue Bonds, Jupiter Medical Center, Series 2022

.000

11/01/36

798,015

4,690,000

Palm Beach County Health Facilities Authority, Florida, Hospital

Revenue Bonds, Jupiter Medical Center, Series 2022

.000

11/01/47

4,743,396

2,175,000

Palm Beach County Health Facilities Authority, Florida, Hospital

Revenue Bonds, Jupiter Medical Center, Series 2022

.000

11/01/52

2,130,286

1,600,000

Palm Beach County Health Facilities Authority, Florida, Hospital

Revenue Bonds, Jupiter Medical Center, Series 2025

.250

11/01/39

1,746,873

1,685,000

Palm Beach County Health Facilities Authority, Florida, Hospital

Revenue Bonds, Jupiter Medical Center, Series 2025

.250

11/01/40

1,820,218

5,000,000

(b) Palm Beach County, Florida, Revenue Bonds, Provident Group

- PBAU Properties II LLC - Palm Beach Atlantic University

Housing Project, Senior Series 2025A

.750

10/01/55

5,167,331

215,000

(b) Parrish Lakes Community Development District, Manatee

County, Florida, Capital Improvement Revenue Bonds,

Assessment Area 3, Series 2024

.800

05/01/54

217,299

1,000,000

Pasco County, Florida, Cigarette Tax Allocation Bonds, H.

Lee Moffitt Cancer Center and Research Institute Capital

Improvement Series 2023A - AGM Insured

.500

09/01/41

1,101,112

1,000,000

Poitras East Community Development District, Osceola County,

Florida, Special Assessment Revenue Bonds, Series 2023

.200

05/01/33

1,030,581

5,000,000

Sarasota County Public Hospital District, Florida, Hospital

Revenue Bonds, Sarasota Memorial Hospital Project, Series

2018

.000

07/01/38

5,170,914

2,120,000

Sarasota County, Florida, Utility System Revenue Bonds, Series

2022

.250

10/01/52

2,245,615

4,440,000

Sarasota County, Florida, Utility System Revenue Bonds, Series

2023

.000

10/01/48

4,675,595

2,250,000

Sarasota County, Florida, Utility System Revenue Bonds, Series

2025

.000

10/01/47

2,416,078

6,500,000

Sarasota County, Florida, Utility System Revenue Bonds, Series

2025

.250

10/01/55

7,003,903

2,200,000

St. Johns County School Board, Florida, Certificates of

Participation, Series 2024A - AGM Insured

.250

07/01/46

2,345,877

3,000,000

St. Johns County School Board, Florida, Certificates of

Participation, Series 2024A - AGM Insured

.500

07/01/49

3,230,865

1,350,000

Sumter County School Board, Florida, Certificates of

Participation, Series 2024 - AGM Insured

.250

01/01/49

1,447,931

1,425,000

Tampa Bay, Florida, Regional Water Supply Authority, Utility

System Revenue Bonds, Sustainability Series 2022

.250

10/01/47

1,518,051

11,195,000

Tampa, Florida, Hospital Revenue Bonds, H. Lee Moffitt Cancer

Center Project, Series 2020B

.000

07/01/45

10,327,822

4,090,000

Tampa, Florida, Water and Wastewater Systems Revenue

Bonds, Green Series 2022A

.250

10/01/57

4,354,873

2,820,000

(b) Village Community Development District 14, Leesburg, Florida,

Special Assessment Bonds, Series 2022

.750

05/01/32

2,942,890

6,615,000

(b) Village Community Development District 15, Florida, Special

Assessment Revenue Bonds, Series 2023

.250

05/01/54

6,641,059

2,750,000

(d) Village Community Development District 16, Wildwood,

Florida, Special Assessment Revenue Bonds, Series 2025

.500

05/01/40

2,773,665

6,500,000

(d) Village Community Development District 16, Wildwood,

Florida, Special Assessment Revenue Bonds, Series 2025

.125

05/01/56

6,505,231

500,000

Volusia County Educational Facilities Authority, Florida,

Revenue Bonds, Stetson University Inc. Project, Refunding

Series 2025

.000

06/01/34

547,520

500,000

Volusia County Educational Facilities Authority, Florida,

Revenue Bonds, Stetson University Inc. Project, Refunding

Series 2025

.000

06/01/36

541,709

TOTAL FLORIDA

201,543,869

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

GEORGIA - 1.0%

$

750,000

(b) Atlanta Development Authority, Georgia, Revenue Bonds,

Westside Gulch Area Project, Senior Series 2024A-1

.000

%

04/01/34

$

766,333

2,000,000

(b) Atlanta Development Authority, Georgia, Revenue Bonds,

Westside Gulch Area Project, Senior Series 2024A-2

.500

04/01/39

2,056,727

1,000,000

Columbia County Hospital Authority, Georgia, Revenue

Anticipation Certificates, WellStar Health System, Inc. Project,

Series 2023B

.750

04/01/53

1,080,221

7,260,000

Fulton County Development Authority, Georgia, Revenue

Bonds, Piedmont Healthcare, Inc. Project, Series 2019A

.000

07/01/49

6,594,339

2,310,000

(b) Geo. L. Smith II Georgia World Congress Center Authority,

Georgia, Convention Center Hotel Revenue Bonds, Second

Tier Series 2021B

.000

01/01/36

2,362,503

950,000

Henry County Hospital Authority, Georgia, Revenue

Certificates, Piedmont Henry Hospital Project, Series 2014A

.000

07/01/34

950,767

1,315,000

(b) Marietta Development Authority, Georgia, University Facilities

Revenue Bonds, Life University, Inc. Project, Refunding Series

2017A

.000

11/01/27

1,305,058

250,000

Savannah-Georgia Convention Center Authority, Convention

Center Hotel First Tier Revenue Bonds, Series 2025A

.250

06/01/61

249,531

500,000

Savannah-Georgia Convention Center Authority, Convention

Center Hotel Third Tier Revenue Bonds (HMT Pledge), Series

2025C

.000

06/01/58

514,497

TOTAL GEORGIA

15,879,976

GUAM - 1.4%

500,000

Government of Guam, Business Privilege Tax Bonds, Refunding

Series 2025G

.000

01/01/28

517,787

1,000,000

Government of Guam, Business Privilege Tax Bonds, Refunding

Series 2025G

.000

01/01/31

1,082,132

1,000,000

Government of Guam, Business Privilege Tax Bonds, Refunding

Series 2025G

.000

01/01/32

1,094,742

1,365,000

Government of Guam, Business Privilege Tax Bonds, Refunding

Series 2025G

.000

01/01/33

1,506,355

1,105,000

Guam Government Waterworks Authority, Water and

Wastewater System Revenue Bonds, Series 2025A

.250

07/01/40

1,206,005

9,500,000

Guam Government Waterworks Authority, Water and

Wastewater System Revenue Bonds, Series 2025A

.250

07/01/50

9,819,472

1,535,000

Guam Power Authority, Revenue Bonds, Refunding Series

2017A

.000

10/01/37

1,568,376

4,050,000

Guam Power Authority, Revenue Bonds, Refunding Series

2022A

.000

10/01/42

4,197,433

TOTAL GUAM

20,992,302

HAWAII - 0.4%

750,000

(b) Hawaii Department of Budget and Finance, Special Purpose

Revenue Bonds, Hawaii Pacific University Project, Refunding

Series 2024

.000

07/01/34

767,458

4,750,000

Honolulu City and County, Hawaii, Wastewater System Revenue

Bonds, First Bond Resolution, Green Senior Series 2025B

.250

07/01/48

5,192,938

TOTAL HAWAII

5,960,396

IDAHO - 0.3%

610,000

Idaho Health Facilities Authority, Revenue Bonds, Madison

Memorial Hospital Project, Refunding Series 2016

.000

09/01/29

613,447

3,100,000

(b) Spring Valley Community Infrastructure District 1, Eagle, Idaho,

Special Assessment Bonds, Assessment Area Two, Series 2025

.250

09/01/54

3,196,312

750,000

Spring Valley Community Infrastructure District 1, Eagle, Idaho,

Special Assessment Bonds, Series 2024

.250

09/01/53

769,979

TOTAL IDAHO

4,579,738

#### Portfolio of Investments October 31, 2025
(continued)

#### Municipal Total Return

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ILLINOIS - 4.0%

$

525,428

Chicago, Illinois, Certificates of Participation, Tax Increment

Allocation Revenue Bonds, Pullman Park/Chicago

Redevelopement Project, Series 2013A

.125

%

03/15/33

$

525,527

4,000,000

Chicago, Illinois, Midway Airport Revenue Bonds, Refunding

Second Lien Series 2016B

.000

01/01/37

4,013,493

1,000,000

Chicago, Illinois, Midway Airport Revenue Bonds, Refunding

Senior Lien Series 2023C

.000

01/01/39

1,068,032

1,250,000

Chicago, Illinois, O'Hare International Airport Senior Special

Facilities Revenue Bonds, TRIPS Obligated Group, Series 2025

.500

07/01/37

1,412,873

1,125,000

DuPage County High School District 87, Glenbard Township,

Illinois, General Obligation Bonds, Series 2025

.250

01/01/46

1,200,649

4,650,000

DuPage County School District 58 Downers Grove, Illinois,

General Obligation Bonds, School Series 2022

.250

12/15/40

5,142,183

3,060,000

Galesburg, Knox County, Illinois, Revenue Bonds, Knox College

Project, Series 2025A

.500

10/01/45

3,013,543

3,500,000

Galesburg, Knox County, Illinois, Revenue Bonds, Knox College

Project, Series 2025A

.000

10/01/45

3,590,231

935,000

(b) Illinois Finance Authority, Revenue Bonds, DePaul College Prep

Foundation, Series 2023A

.300

08/01/28

943,238

1,275,000

(b) Illinois Finance Authority, Revenue Bonds, DePaul College Prep

Foundation, Series 2023A

.500

08/01/33

1,322,534

1,000,000

(b) Illinois Finance Authority, Revenue Bonds, DePaul College Prep

Foundation, Series 2023A

.250

08/01/38

1,062,959

830,000

Illinois Finance Authority, Student Housing & Academic

Facility Revenue Bonds, CHF-Collegiate Housing Foundation

- Chicago LLC University of Illinois at Chicago Project, Series

2017A

.000

02/15/26

832,050

400,000

Illinois Finance Authority, Student Housing & Academic

Facility Revenue Bonds, CHF-Collegiate Housing Foundation

- Chicago LLC University of Illinois at Chicago Project, Series

2017A

.000

02/15/29

406,968

1,240,000

Illinois Finance Authority, Student Housing & Academic

Facility Revenue Bonds, CHF-Collegiate Housing Foundation

- Chicago LLC University of Illinois at Chicago Project, Series

2017A

.000

02/15/50

1,185,998

2,815,000

(a),(b)

Illinois Finance Authority, Surface Freight Transfer Facilities

Revenue Bonds, CenterPoint Joliet Terminal Railroad Project,

Series 2017, (AMT), (Mandatory Put 7/02/35)

.800

12/01/43

2,911,979

2,255,000

(a),(b)

Illinois Finance Authority, Surface Freight Transfer Facilities

Revenue Bonds, CenterPointJoliet Terminal Railroad Project,

Series 2020, (AMT), (Mandatory Put 12/31/34)

.125

12/01/50

2,254,737

1,130,000

Illinois Housing Development Authority, Revenue Bonds, Social

Series 2022G

.250

10/01/52

1,212,269

1,500,000

Illinois State, General Obligation Bonds, May Series 2024B

.250

05/01/45

1,578,791

5,000,000

Illinois State, General Obligation Bonds, October Series 2024C

.000

10/01/40

4,827,866

1,100,000

Lake County Consolidated High School District 120 Mundelein,

Illinois, General Obligation Bonds, School Series 2022A

.500

12/01/40

1,198,146

2,730,000

Lemont Fire Protection District, Cook, DuPage and Will

Counties, Illinois, General Obligation Bonds, Series 2025 - BAM

Insured

.000

12/30/41

2,742,033

2,935,000

Lemont Fire Protection District, Cook, DuPage and Will

Counties, Illinois, General Obligation Bonds, Series 2025 - BAM

Insured

.000

12/30/42

2,904,456

3,210,000

Lemont Fire Protection District, Cook, DuPage and Will

Counties, Illinois, General Obligation Bonds, Series 2025 - BAM

Insured

.000

12/30/43

3,138,080

10,000,000

Metropolitan Pier and Exposition Authority, Illinois, McCormick

Place Expansion Project Bonds, Refunding Series 2020A

.000

06/15/50

10,021,202

1,000,000

Sangamon County School District 186 Springfield, Illinois,

General Obligation Bonds, Alternate Revenue Source Series

2023 - AGM Insured

.500

06/01/48

1,071,430

2,000,000

Will County School District 114, Manhattan, Illinois, General

Obligation Bonds, Series 2022 - BAM Insured

.500

01/01/43

2,203,793

TOTAL ILLINOIS

61,785,060

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDIANA - 4.3%

$

1,000,000

Avon Community School Building Corporation, Hendricks

County, Indiana, First Mortgage Bonds, Ad Valorem Property

Tax Series 2023

.500

%

07/15/41

$

1,110,982

1,625,000

Avon Community School Building Corporation, Hendricks

County, Indiana, First Mortgage Bonds, Ad Valorem Property

Tax Series 2023

.500

01/15/43

1,777,529

3,500,000

Brownsburg 1999 School Building Corporation, Indiana, First

Mortgage Bonds, Series 2023

.500

07/15/40

3,828,008

750,000

Carmel, Indiana, Waterworks Revenue Bonds, Refunding,

Series 2024C - BAM Insured

.250

05/01/51

780,872

1,000,000

(b) Gary Local Public Improvement Bond Bank, Indiana, Economic

Development Revenue Bonds, Drexel Foundation for

Educational Excellence Project, Refunding Series 2020A

.875

06/01/55

895,822

4,000,000

Indiana Finance Authority, Educational Facilities Revenue

Bonds, DePauw University Project, Series 2022A

.000

07/01/40

4,114,741

520,000

Indiana Finance Authority, Educational Facilities Revenue

Bonds, Seven Oaks Classical School Project, Series 2021A

.000

06/01/51

439,088

5,260,000

Indiana Finance Authority, Health Facilities Revenue Bonds,

Hendricks Regional Health, Series 2024

.250

03/01/54

5,497,065

500,000

Indiana Finance Authority, Hospital Revenue Bonds, Goshen

Health, Series 2019A

.000

11/01/30

522,042

1,020,000

Indiana Finance Authority, Hospital Revenue Bonds, Goshen

Health, Series 2019A

.000

11/01/31

1,060,379

435,000

Indiana Finance Authority, Hospital Revenue Bonds, Goshen

Health, Series 2019A

.000

11/01/32

451,241

1,110,000

Indiana Finance Authority, Hospital Revenue Bonds, Goshen

Health, Series 2019A

.000

11/01/33

1,148,352

760,000

Indiana Finance Authority, Hospital Revenue Bonds, Goshen

Health, Series 2019A

.000

11/01/34

783,164

2,000,000

Indiana Finance Authority, Hospital Revenue Bonds, Goshen

Health, Series 2019A

.000

11/01/35

2,051,656

1,700,000

Indiana Finance Authority, Hospital Revenue Bonds, Reid

Health Series 2022 - AGM Insured

.000

01/01/52

1,726,595

1,635,000

Indiana Finance Authority, Indiana, Health Facilities Project

Revenue Bonds, Margaret Mary Health Project, Series 2024A

.000

03/01/32

1,769,590

1,805,000

Indiana Finance Authority, Indiana, Health Facilities Project

Revenue Bonds, Margaret Mary Health Project, Series 2024A

.000

03/01/34

1,975,400

2,485,000

Indiana Finance Authority, Indiana, Health Facilities Project

Revenue Bonds, Margaret Mary Health Project, Series 2024A

.500

03/01/44

2,618,267

3,845,000

Indiana Finance Authority, Indiana, Health Facilities Project

Revenue Bonds, Margaret Mary Health Project, Series 2024A

.750

03/01/54

4,049,465

785,000

Indiana Housing and Community Development Authority,

Single Family Mortgage Revenue Bonds, Social Series 2024A-1

.650

07/01/49

786,427

500,000

Indianapolis Local Public Improvement Bond Bank, Indiana,

Airport Authority Project Revenue Bonds, Series 2023I-2, (AMT)

.250

01/01/42

532,322

500,000

Indianapolis Local Public Improvement Bond Bank, Indiana,

Airport Authority Project Revenue Bonds, Series 2023I-2, (AMT)

.250

01/01/43

528,447

1,030,000

Indianapolis Local Public Improvement Bond Bank, Indiana,

Airport Authority Project Revenue Bonds, Series 2023I-2, (AMT)

.250

01/01/48

1,074,723

2,235,000

Indianapolis Local Public Improvement Bond Bank, Indiana,

Circle City Forward Phase II Project Revenue Bonds, Series

2023B

.250

02/01/48

2,374,644

1,000,000

Indianapolis Local Public Improvement Bond Bank, Indiana,

Local Income Tax Revenue Bonds, Indianapolis Public

Transportation Corporation Project, Green Series 2025A

.000

07/15/42

1,078,468

5,850,000

Indianapolis Local Public Improvement Bond Bank, Indiana,

Revenue Bonds, Ad Valorem Property Tax Funded Project

Series 2023D

.000

02/01/48

6,554,886

3,000,000

Indianapolis Local Public Improvement Bond Bank, Indiana,

Revenue Bonds, Convention Center Hotel Senior Series 2023E

.000

03/01/53

3,137,924

630,000

IPS Multi-School Building Corporation, Indiana, First Mortgage

Revenue Bonds, Social Series 2022

.500

07/15/37

721,445

500,000

IPS Multi-School Building Corporation, Indiana, First Mortgage

Revenue Bonds, Social Series 2022

.500

07/15/39

562,856

#### Portfolio of Investments October 31, 2025
(continued)

#### Municipal Total Return

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDIANA

(continued)

$

2,960,000

Lake Ridge Multi-School Building Corporation, Lake County,

Indiana, First Mortgage Bonds, Ad Valorem Property Tax Series

2022

.500

%

07/15/36

$

3,378,491

3,500,000

Lake Ridge Multi-School Building Corporation, Lake County,

Indiana, First Mortgage Bonds, Ad Valorem Property Tax Series

2022

.500

07/15/38

3,938,467

1,280,000

Lake Ridge Multi-School Building Corporation, Lake County,

Indiana, First Mortgage Bonds, Ad Valorem Property Tax Series

2022

.500

07/15/40

1,422,589

1,150,000

Mount Vernon of Hancock County Multi-School Building

Corporation, Indiana, First Mortgage Bonds, Series 2022

.500

01/15/42

1,246,726

1,565,000

(a) Rockport, Indiana, Pollution Control Revenue Refunding Bonds,

Indiana Michigan Power Company Project, Series 2025A,

(Mandatory Put 6/01/29)

.700

06/01/47

1,613,883

1,325,000

Tippecanoe County NSE08 School Building Corporation,

Indiana, Ad Valorem Property Tax First Mortgage Bonds, Series

2023B

.000

01/15/43

1,508,745

TOTAL INDIANA

67,061,301

IOWA - 0.3%

1,200,000

Iowa Finance Authority, Healthcare Revenue Bonds, Pella

Regional Health Center, Series 2025

.250

12/01/50

1,212,961

2,030,000

Iowa Finance Authority, Single Family Mortgage Revenue

Bonds, Social Series 2025A

.550

07/01/45

2,064,150

2,000,000

Waterloo Community School District, Iowa, School

Infrastructure Sales, Services and Use Tax Revenue Bonds,

Series 2025 - BAM Insured

.500

07/01/43

2,041,949

TOTAL IOWA

5,319,060

KANSAS - 0.1%

2,350,000

University of Kansas Hospital Authority, Health Facilities

Revenue Bonds, KU Health System, Refunding & Improvement

Series 2015

.000

09/01/33

2,352,028

TOTAL KANSAS

2,352,028

KENTUCKY - 0.2%

1,250,000

Kentucky State Property and Buildings Commission, Revenue

Bonds, Project 127, Series 2022A

.250

06/01/39

1,385,882

1,690,000

University of Kentucky, Lease Purchase Obligations Bonds,

University of Kentucky Parking Structure 7 & Johnson Center

Expansion, Series 2025A

.250

04/01/50

1,786,177

TOTAL KENTUCKY

3,172,059

LOUISIANA - 2.8%

3,000,000

Ernest N. Morial-New Orleans Exhibition Hall Authority,

Louisiana, Special Tax Bonds, Series 2025

.500

07/15/50

3,199,231

2,500,000

Ernest N. Morial-New Orleans Exhibition Hall Authority,

Louisiana, Special Tax Bonds, Series 2025

.500

07/15/54

2,659,887

2,690,000

Lafayette Parish School Board, Louisiana, Sales Tax Revenue

Bonds, Series 2025

.750

04/01/50

2,988,954

3,515,000

Lafayette Parish School Board, Louisiana, Sales Tax Revenue

Bonds, Series 2025

.750

04/01/55

3,891,166

3,255,000

Lafayette, Louisiana, Utilities Revenue Bonds, Electric Projects

Series 2024

.000

11/01/49

3,404,377

500,000

Lake Charles Harbor and Terminal District, Louisiana, Revenue

Bonds, Refunding Series 2024B, (AMT)

.000

01/01/36

534,609

200,000

(b) Louisiana Publc Facilities Authority, Lousiana, Revenue Bonds,

Lincoln Preparatory School Project, Series 2021A

.000

06/01/31

193,741

1,000,000

Louisiana Public Facilities Authority, Lease Revenue Bonds,

South Quad L3C - Louisiana State University South Quad Phase

IV Project, Series 2025

.250

07/01/55

1,051,655

2,000,000

Louisiana Public Facilities Authority, Louisiana, Revenue Bonds,

Loyola University of New Orleans Project, Refunding Series

2023A

.000

10/01/43

2,008,896

3,250,000

Louisiana Public Facilities Authority, Louisiana, Revenue Bonds,

Ochsner Clinic Foundation Project, Refunding Series 2025A

.500

05/15/55

3,468,099

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LOUISIANA

(continued)

$

12,500,000

Louisiana Publics Facilities Authority, Louisiana, Revenue

Bonds, I-10 Calcasieu River Bridge Public-Private Partnership

Project, Senior Lien Series 2024, (AMT)

.750

%

09/01/64

$

12,970,491

500,000

(b) Plaquemines Port, Louisiana, Harbor and Terminal District

Facilities Revenue Bonds NOLA Terminal LLC Project Dock and

Wharf Series 2024A

.000

12/01/44

435,029

1,000,000

Port New Orleans Board of Commissioners, Louisiana, Revenue

Bonds, Port Facilities, AMT Series 2025B, (AMT)

.500

04/01/54

1,065,600

4,900,000

Saint John the Baptist Parish School District 1, Louisiana,

General Obligation Bonds, Series 2023

.250

03/01/37

5,346,595

TOTAL LOUISIANA

43,218,330

MAINE - 0.1%

500,000

Maine Health and Higher Educational Facilities Authority,

Revenue Bonds, Series 2022C - AGM Insured

.500

07/01/38

561,501

700,000

Maine Health and Higher Educational Facilities Authority,

Revenue Bonds, Series 2023A - AGM Insured

.000

07/01/42

753,063

TOTAL MAINE

1,314,564

MARYLAND - 0.2%

2,000,000

Maryland Economic Development Corporation, Student

Housing Revenue Bonds, Morgan State University, Harper-

Tubman Project, Series 2025A

.750

07/01/64

2,210,268

1,385,000

Maryland Health and Higher Educational Facilities Authority,

Revenue Bonds, Lifebridge Health Issue Series 2023

.250

07/01/54

1,466,732

TOTAL MARYLAND

3,677,000

MASSACHUSETTS - 1.0%

6,000,000

Massachusetts Development Finance Agency

.250

08/15/42

6,418,934

500,000

Massachusetts Development Finance Agency, Revenue Bonds,

Baystate Medical Center Issue, Series 2014N

.000

07/01/44

500,216

7,980,000

Massachusetts Development Finance Agency, Revenue Bonds,

Southcoast Health System Obligated Group Issue, Series

2021G

.000

07/01/50

8,010,304

TOTAL MASSACHUSETTS

14,929,454

MICHIGAN - 2.7%

1,090,000

Belding School District, Ionia, Kent and Montcalm Counties,

Michigan, General Obligation Bonds, School Building & Site

Series 2022

.250

05/01/48

1,151,337

2,000,000

Ferndale Public School District, Oakland County, Michigan,

General Obligation Bonds, School Building & Site Series 2025

.250

05/01/50

2,143,451

5,000,000

Flat Rock Community School District, Wayne County, Michigan,

General Obligation Bonds, Refunding School Building and Site

Series 2023

.250

05/01/52

5,285,026

1,750,000

Four Lakes Special Assessment District, Gladwin and Midland

Counties, Michigan, Special Assessment Bond, General

Obligation Limited Tax series 2025

.250

06/01/50

1,834,910

1,700,000

Four Lakes Special Assessment District, Gladwin and Midland

Counties, Michigan, Special Assessment Bond, General

Obligation Limited Tax series 2025

.000

06/01/55

1,752,099

1,200,000

Gerald R. Ford International Airport Authority, Kent County,

Michigan, Revenue Bonds, Limited Tax General Obligation

Series 2021, (AMT)

.000

01/01/41

1,264,112

3,905,000

Gerald R. Ford International Airport Authority, Kent County,

Michigan, Revenue Bonds, Limited Tax General Obligation

Series 2024, (AMT)

.000

01/01/42

4,134,081

1,830,000

Great Lakes Water Authority, Michigan, Water Supply Revenue

Bonds, Second Lien Series 2025D

.500

07/01/50

1,994,750

5,000

(f) Kalamazoo Hospital Finance Authority, Michigan, Hospital

Revenue Bonds, Bronson Healthcare Group, Inc., Refunding

Series 2016, (ETM)

.000

05/15/26

5,055

825,000

Michigan Finance Authority, Hospital Revenue Bonds, McLaren

Health Care, Refunding Series 2015B

.000

05/15/34

825,920

3,975,000

(f) Michigan Finance Authority, Hospital Revenue Bonds, Sparrow

Obligated Group, Refunding Series 2022A, (Pre-refunded

11/15/32)

.000

11/15/35

4,538,509

#### Portfolio of Investments October 31, 2025
(continued)

#### Municipal Total Return

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MICHIGAN

(continued)

$

1,100,000

Michigan Finance Authority, Local Government Loan Program

Revenue Bonds, Public Lighting Authority Refunding Local

Project, Refunding Series 2025A - BAM Insured

.000

%

07/01/44

$

1,167,630

370,000

(b) Michigan Finance AuthorIty, Public School Academy Limited

Obligation Revenue Bonds, Voyageur Academy Project,

Refunding Series 2017. Private Placement of 2017

.900

07/15/46

294,801

1,000,000

Michigan Mathematics & Science Initiative, Michigan, Public

School Academy Revenue Bonds, Series 2021

.000

01/01/51

775,933

11,000,000

Michigan Strategic Fund, Limited Obligation Revenue Bonds,

I-75 Improvement Project, Series 2018, (AMT)

.000

12/31/43

11,016,157

700,000

Northern Michigan University, General Revenue Bonds, Series

2025A

.250

06/01/43

770,075

655,000

Northern Michigan University, General Revenue Bonds, Series

2025A

.250

06/01/44

714,744

850,000

Northern Michigan University, General Revenue Bonds, Series

2025A

.250

06/01/45

922,505

715,000

Wayne County Airport Authority, Michigan, Revenue Bonds,

Detroit Metropolitan Wayne County Airport, Series 2025A

.500

12/01/50

782,649

TOTAL MICHIGAN

41,373,744

MINNESOTA - 2.1%

4,675,000

Duluth Economic Development Authority, Minnesota, Health

Care Facilities Revenue Bonds, Essentia Health Obligated

Group, Series 2018A

.250

02/15/48

4,373,189

11,415,000

Duluth Economic Development Authority, Minnesota, Health

Care Facilities Revenue Bonds, Essentia Health Obligated

Group, Series 2018A

.250

02/15/58

11,484,388

4,580,000

Forest Lake, Minnesota Charter School Lease Revenue Bonds,

North Lakes Academy, Refunding Series 2021A

.000

07/01/41

4,197,049

980,000

Minnesota Housing Finance Agency, Residential Housing

Finance Bonds, Series 2022M

.100

07/01/42

1,043,952

1,000,000

Ramsey, Anoka County, Minnesota, Lease Revenue Bonds,

PACT Charter School Project, Series 2022A

.000

06/01/32

1,002,111

8,965,000

(c) Rochester, Minnesota, Health Care Facilities Revenue Bonds,

Mayo Clinic, Series 2025A, (UB)

.375

11/15/53

8,925,860

750,000

St. Paul Housing and Redevelopment Authority, Minnesota,

Charter School Revenue Bonds, Higher Ground Academy

Charter School, Series 2023

.500

12/01/38

776,380

TOTAL MINNESOTA

31,802,929

MISSISSIPPI - 1.1%

3,180,000

Medical Center Educational Building Corporation, Mississippi,

Revenue Bonds, University of Mississippi Medical Center,

Colony Park Teaching Campus, Series 2023A

.000

06/01/42

3,372,053

100,000

Mississippi Development Bank, Special Obligation Bonds,

Lamar County School District Series 2025

.250

06/01/44

105,996

1,145,000

Mississippi Development Bank, Special Obligation Bonds,

Lamar County School District Series 2025

.000

06/01/50

1,185,414

4,000,000

Mississippi Hospital Equipment and Facilities Authority,

Revenue Bonds, Baptist Memorial Healthcare, Series 2016A

.000

09/01/41

4,008,351

8,500,000

Mississippi Hospital Equipment and Facilities Authority,

Revenue Bonds, Baptist Memorial Healthcare, Series 2016A

.000

09/01/46

8,501,365

TOTAL MISSISSIPPI

17,173,179

MISSOURI - 2.0%

3,425,000

Hannibal Industrial Development Authority, Missouri, Health

Facilities Revenue Bonds, Hannibal Regional Healthcare

System, Series 2017

.000

10/01/42

3,354,206

1,900,000

Jefferson City School District, Missouri, General Obligation

Bonds, Series 2025

.500

03/01/45

2,062,038

2,500,000

(b) Lee's Summit, Missouri, Special Obligation Tax Increment

and Special District Improvement Bonds, Summit Fair Project,

Refunding Series 2017

.875

11/01/37

2,409,129

4,000,000

Missouri Development Finance Board, Revenue Bonds, Zoo

Projects, Series 2022

.500

05/01/42

4,315,629

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MISSOURI

(continued)

$

500,000

Missouri Health and Educational Facilities Authority, Revenue

Bonds, Lutheran Senior Services Projects, Series 2016B

.000

%

02/01/46

$

488,543

1,850,000

(d) Missouri Joint Municipal Electric Utility Commission, Power

Project Revenue Bonds, Marshall Energy Center Project, Series

2025

.000

01/01/46

1,940,324

2,200,000

Ozark Reorganized School District 6, Christian County,

Missouri, General Obligation Bonds, School Building Series

2022 - AGM Insured

.000

03/01/42

2,476,624

10,000,000

Saint Louis, Missouri, Airport Revenue Bonds, Lambert-St. Louis

International Airport, Series 2024A - AGM Insured

.250

07/01/54

10,612,346

252,000

Saint Louis, Missouri, Tax Increment Financing Revenue Notes,

Marquette Building Redevelopment Project, Series 2008-A

.500

01/23/28

88,200

510,000

(b) Taney County Industrial Development Authority, Missouri, Sales

Tax Revenue Improvement Bonds, Big Cedar Infrastructure

Project Series 2023

.000

10/01/49

510,713

2,205,000

Universal City Industrial Development Authority, Missouri,

Revenue Bonds, Tax Increment and Special District Markets at

Olive Project Series 2023A

.875

06/15/36

2,260,195

600,000

Wright City School District R-II, Warren County, Missouri,

General Obligation Bonds, School Building Series 2022 - AGM

Insured

.000

03/01/42

681,217

TOTAL MISSOURI

31,199,164

MONTANA - 0.2%

1,025,000

Montana Facility Finance Authority, Revenue Bonds, Benefis

Health System Obligated Group, Series 2025A

.500

02/15/50

1,091,519

1,625,000

Montana Facility Finance Authority, Revenue Bonds, Benefis

Health System Obligated Group, Series 2025A

.500

02/15/55

1,724,100

TOTAL MONTANA

2,815,619

NEBRASKA - 1.0%

2,000,000

Douglas County Nebraska, Sanitary and Improvement, District

Number 608, General Obligation Bonds, North Streams, Series

2022

.000

12/15/37

1,932,703

1,750,000

Douglas County Sanitary and Improvement District 608 North

Streams, Nebraska, General Obligation Bonds, Series 2022

.750

12/15/37

1,654,630

1,045,000

Douglas County Sanitary and Improvement District 608 North

Streams, Nebraska, General Obligation Bonds, Series 2023

.000

10/15/38

1,057,805

2,500,000

Nebraska Investment Finance Authority, Single Family Housing

Revenue Bonds, Social Series 2023G

.150

09/01/43

2,605,371

3,000,000

Nebraska Investment Finance Authority, Single Family Housing

Revenue Bonds, Social Series 2024A

.500

09/01/44

3,035,864

3,000,000

Omaha Airport Authority, Nebraska, Airport Facilities Revenue

Bonds, Series 2024, (AMT)

.250

12/15/49

3,142,072

1,350,000

Omaha Airport Authority, Nebraska, Airport Facilities Revenue

Bonds, Series 2024, (AMT)

.250

12/15/54

1,408,386

TOTAL NEBRASKA

14,836,831

NEVADA - 1.5%

3,000,000

Carson City, Nevada, Hospital Revenue Bonds, Carson Tahoe

Regional Healthcare Project, Series 2017A

.000

09/01/42

3,016,897

12,335,000

Clark County Water Reclamation District, Nevada, General

Obligation Water Bonds, Limited Tax Series 2023

.000

07/01/47

12,979,362

760,000

Henderson, Nevada, Local Improvement Bonds, Local

Improvement District T-22 Rainbow Canyon Phase II, Series

2023

.000

03/01/38

783,607

600,000

Las Vegas Special Improvement District 613, Nevada, Local

Improvement Bonds, Sunstone Phases III and IV Series 2024

.500

12/01/53

609,283

325,000

Las Vegas Special Improvement District 819, Nevada, Local

Improvement Bonds, Summerlin Village 30A Series 2025

.250

06/01/45

324,567

1,000,000

Las Vegas, Nevada, Local Improvement Revenue Bonds,

Special Improvement District 818 Summerlin Village 27, Series

2024

.000

12/01/39

1,038,349

935,000

Las Vegas, Nevada, Local Improvement Revenue Bonds,

Special Improvement District 818 Summerlin Village 27, Series

2024

.000

12/01/44

940,493

#### Portfolio of Investments October 31, 2025
(continued)

#### Municipal Total Return

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEVADA

(continued)

$

2,570,000

Reno-Tahoe Airport Authority, Nevada, Airport Revenue Bonds,

Series 2024B

.000

%

07/01/49

$

2,665,427

1,200,000

Tahoe-Douglas Visitors Authority, Nevada, Stateline Revenue

Bonds, Series 2020

.000

07/01/51

1,197,366

TOTAL NEVADA

23,555,351

NEW HAMPSHIRE - 1.4%

15,000,000

National Finance Authority, New Hampshire, Revenue Bonds,

Winston-Salem Sustainable Energy Partners Series 2025A

.500

06/01/50

15,848,761

475,000

(b) National Finance Authority, New Hampshire, Special Revenue

Bonds, Wildflower Project, Denton County, Texas, Capital

Appreciation Series 2025

.000

12/15/33

295,020

670,000

(f) New Hampshire Health and Education Facilities Authority,

Revenue Bonds, Catholic Medical Center, Series 2017, (Pre-

refunded 7/01/27)

.000

07/01/44

693,796

4,055,000

New Hampshire Health and Education Facilities Authority,

Revenue Bonds, Concord Hospital, Series 2017

.000

10/01/42

4,111,989

TOTAL NEW HAMPSHIRE

20,949,566

NEW JERSEY - 2.6%

100,000

Jersey City Municipal Utilities Authority, Hudson County, New

Jersey, Sewer Revenue Bonds, Series 2025E - BAM Insured

.750

10/15/48

113,088

2,715,000

Middlesex County Improvement Authority, New Jersey,

General Obligation Lease Revenue Bonds, New Jersey Health

+ Life Science Exchange - H-1 Project Series 2023A

.000

08/15/53

2,843,135

5,300,000

New Jersey Economic Development Authority, New Jersey,

Transit Transportation Project Revenue Bonds, Portal North

Bridge Project Series 2022A

.000

11/01/37

5,876,769

1,500,000

New Jersey Economic Development Authority, Private Activity

Bonds, The Goethals Bridge Replacement Project, Series 2013

- AGM Insured, (AMT)

.125

01/01/39

1,502,144

3,500,000

New Jersey Economic Development Authority, Special Facility

Revenue Bonds, Port Newark Container Terminal LLC Project,

Refunding Series 2017, (AMT)

.000

10/01/37

3,555,424

2,235,000

New Jersey Economic Development Authority, Special Facility

Revenue Bonds, Port Newark Container Terminal LLC Project,

Refunding Series 2017, (AMT)

.000

10/01/47

2,236,772

2,000,000

New Jersey Housing and Mortgage Finance Agency, Single

Family Housing Revenue Bonds, Series 2018B, (AMT)

.800

10/01/32

2,003,221

1,700,000

New Jersey Transportation Trust Fund Authority, Transportation

Program Bonds, Series 2022CC

.250

06/15/36

1,939,024

7,000,000

New Jersey Transportation Trust Fund Authority, Transportation

System Bonds, Series 2024A

.250

06/15/39

8,002,361

3,735,000

New Jersey Turnpike Authority, Turnpike Revenue Bonds,

Series 2025A

.250

01/01/50

4,043,296

4,325,000

South Jersey Port Corporation, New Jersey, Marine Terminal

Revenue Bonds, Subordinate Series 2017B, (AMT)

.000

01/01/42

4,382,264

3,000,000

South Jersey Port Corporation, New Jersey, Marine Terminal

Revenue Bonds, Subordinate Series 2017B, (AMT)

.000

01/01/48

3,008,647

TOTAL NEW JERSEY

39,506,145

NEW MEXICO - 0.1%

1,970,000

New Mexico Mortgage Finance Authority, Single Family

Mortgage Program Bonds, Class 1 Series 2023D

.150

09/01/43

2,063,867

TOTAL NEW MEXICO

2,063,867

NEW YORK - 7.7%

1,095,000

Albany Capital Resource Corporation, New York, Revenue

Bonds, Albany Medical Center Hospital Series 2025A

.250

05/01/43

1,197,616

935,000

Albany Capital Resource Corporation, New York, Revenue

Bonds, Albany Medical Center Hospital Series 2025A

.250

05/01/44

1,013,489

400,000

Buffalo and Erie County Industrial Land Development

Corporation, New York, Revenue Bonds, Catholic Health

System, Inc. Project, Series 2015

.000

07/01/27

399,982

400,000

Build New York City Resource Corporation, New York, Revenue

Bonds, Global Community Charter School Project, Series

2022A

.000

06/15/32

380,584

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW YORK

(continued)

$

1,250,000

(b) Build NYC Resource Corporation Revenue Bonds, New York,

East Harlem Scholars Academy Charter School Project Series

2022

.750

%

06/01/42

$

1,272,771

1,000,000

Build NYC Resource Corporation, New York, Airport Facilities

Revenue Bonds. TrIPs Obligated Group, Senior Series 2025,

(AMT)

.500

07/01/44

1,063,649

1,000,000

Build NYC Resource Corporation, New York, Airport Facilities

Revenue Bonds. TrIPs Obligated Group, Senior Series 2025,

(AMT)

.500

07/01/45

1,059,308

1,020,000

Build NYC Resource Corporation, New York, Airport Facilities

Revenue Bonds. TrIPs Obligated Group, Senior Series 2025,

(AMT)

.500

07/01/50

1,066,504

785,000

Dormitory Authority of the State of New York, General Revenue

Bonds, Barnard College, Series 2022A

.000

07/01/37

836,246

725,000

Dormitory Authority of the State of New York, Revenue Bonds,

Catholic Health System Obligated Group Series 2019A

.000

07/01/32

720,749

525,000

Dormitory Authority of the State of New York, Revenue Bonds,

Catholic Health System Obligated Group Series 2019A

.000

07/01/34

515,152

925,000

Dormitory Authority of the State of New York, Revenue Bonds,

Catholic Health System Obligated Group Series 2019A

.000

07/01/38

793,472

800,000

Dormitory Authority of the State of New York, Revenue Bonds,

Catholic Health System Obligated Group Series 2019A

.000

07/01/41

750,885

9,000,000

Dormitory Authority of the State of New York, Revenue Bonds,

Icahn School of Medicine at Mount Sinai, Refunding Series

2015A

.000

07/01/32

9,002,741

800,000

Dormitory Authority of the State of New York, Revenue Bonds,

Montefiore Obligated Group, Series 2020A

.000

09/01/36

803,619

450,000

Dormitory Authority of the State of New York, Revenue Bonds,

Montefiore Obligated Group, Series 2020A

.000

09/01/37

450,353

750,000

Dormitory Authority of the State of New York, Revenue Bonds,

Montefiore Obligated Group, Series 2020A

.000

09/01/38

743,551

6,610,000

Dormitory Authority of the State of New York, State Personal

Income Tax Revenue Bonds, General Purpose Series 2024A

.250

03/15/49

7,046,257

1,575,000

Liberty Development Corporation, New York, Goldman Sachs

Headquarter Revenue Bonds, Series 2005

.250

10/01/35

1,841,880

1,975,000

Monroe County Industrial Development Corporation, New

York, Revenue Bonds, Rochester General Hospital Project,

Series 2017

.000

12/01/46

1,976,533

2,011,368

Nassau County Tobacco Settlement Corporation, New York,

Tobacco Settlement Asset-Backed Bonds, Refunding Series

2006A-2

.250

06/01/26

1,634,785

5,000,000

New York City Transitional Finance Authority, New York, Future

Tax Secured Bonds, Subordinate Fiscal Series 2023D-1

.500

11/01/45

5,416,419

4,035,000

New York City Transitional Finance Authority, New York, Future

Tax Secured Bonds, Subordinate Fiscal Series 2024A-1

.000

05/01/44

4,269,179

7,090,000

(b) New York Liberty Development Corporation, New York, Liberty

Revenue Bonds, 3 World Trade Center Project, Class 1 Series

2014

.000

11/15/44

7,089,907

500,000

(f) New York State Environmental Facilities Corporation, State

Clean Water and Drinking Water Revolving Funds Revenue

Bonds, Pooled Loan Issue, Series 2005B, (ETM)

.500

10/15/27

525,742

5,000,000

New York Transportation Development Corporation, New

York, Special Facilities Bonds, LaGuardia Airport Terminal B

Redevelopment Project, Series 2016A, (AMT)

.000

07/01/46

4,986,051

1,785,000

New York Transportation Development Corporation, New York,

Special Facility Revenue Bonds, John F Kennedy International

Airport New Terminal 1 Project, Green Series 2024, (AMT)

.250

06/30/43

1,845,454

2,600,000

New York Transportation Development Corporation, New York,

Special Facility Revenue Bonds, John F Kennedy International

Airport New Terminal 1 Project, Green Series 2024 - BAM

Insured, (AMT)

.500

06/30/54

2,708,287

10,000,000

New York Transportation Development Corporation, New York,

Special Facility Revenue Bonds, John F Kennedy International

Airport Terminal One Project, Green Series 2025, (AMT)

.000

06/30/50

10,730,666

#### Portfolio of Investments October 31, 2025
(continued)

#### Municipal Total Return

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW YORK

(continued)

$

1,980,000

New York Transportation Development Corporation, New

York, Special Facility Revenue Bonds, New Terminal 1 John

F Kennedy International Airport Project, Green Series 2023 -

AGM Insured, (AMT)

.500

%

06/30/44

$

2,074,501

5,000,000

New York Transportation Development Corporation, New York,

Special Facility Revenue Bonds, Terminal 4 John F Kennedy

International Airport Project, Series 2022, (AMT)

.000

12/01/34

5,402,721

1,660,000

New York Transportation Development Corporation, New York,

Special Facility Revenue Bonds, Terminal 4 John F Kennedy

International Airport Project, Series 2022, (AMT)

.000

12/01/42

1,696,184

13,500,000

New York Transportation Development Corporation, Special

Facility Revenue Bonds, Delta Air Lines, Inc. - LaGuardia Airport

Terminals C&D Redevelopment Project, Series 2020, (AMT)

.000

10/01/40

13,714,965

4,000,000

Port Authority of New York and New Jersey, Consolidated

Revenue Bonds, Two Hundred Eighteen Series 2019, (AMT)

.000

11/01/44

4,082,175

750,000

Schenectady County Capital Resource Corporation, New York,

Revenue Bonds, Union College Project, Series 2022

.250

07/01/52

782,529

11,505,000

Triborough Bridge and Tunnel Authority, New York, Sales

Tax Revenue Bonds, MTA Bridges & Tunnels, TBTA Capital

Lockbox-City Sales Tax Series 2023A

.500

05/15/63

12,307,741

3,285,000

Triborough Bridge and Tunnel Authority, New York, Sales

Tax Revenue Bonds, MTA Bridges & Tunnels, TBTA Capital

Lockbox-City Sales Tax, Series 2022A

.250

05/15/52

3,471,181

1,360,000

Westchester County Local Development Corporation, New

York, Revenue Bonds, Westchester Medical Center Obligated

Group Project, Series 2023 - AGM Insured

.750

11/01/48

1,484,328

1,250,000

Westchester County Local Development Corporation, New

York, Revenue Bonds, Westchester Medical Center Obligated

Group Project, Series 2023

.250

11/01/52

1,263,948

915,000

Yonkers Industrial Development Agency, New York, School

Facility Revenue Bonds, New Community School Project Series

2022

.250

05/01/51

965,317

TOTAL NEW YORK

119,387,421

NORTH CAROLINA - 1.3%

4,310,000

(d) Charlotte, North Carolina, General Obligation Bonds,

Refunding Series 2025B

.000

07/01/38

5,011,239

1,300,000

Greater Asheville Regional Airport Authority, North Carolina,

Airport System Revenue Bonds Series 2022A - AGM Insured,

(AMT)

.250

07/01/39

1,400,316

430,000

Greater Asheville Regional Airport Authority, North Carolina,

Airport System Revenue Bonds Series 2023 - AGM Insured,

(AMT)

.250

07/01/41

458,953

1,090,000

Greater Asheville Regional Airport Authority, North Carolina,

Airport System Revenue Bonds Series 2023 - AGM Insured,

(AMT)

.250

07/01/42

1,153,662

620,000

Greater Asheville Regional Airport Authority, North Carolina,

Airport System Revenue Bonds Series 2023 - AGM Insured,

(AMT)

.250

07/01/43

651,169

1,130,000

Nash Health Care Systems, North Carolina, Health Care

Facilities Revenue Bonds, Series 2025

.500

02/01/43

1,236,348

995,000

Nash Health Care Systems, North Carolina, Health Care

Facilities Revenue Bonds, Series 2025

.500

02/01/44

1,081,035

1,300,000

Nash Health Care Systems, North Carolina, Health Care

Facilities Revenue Bonds, Series 2025

.000

02/01/45

1,349,895

1,095,000

North Carolina Medical Care Commission, Retirement Facility

First Mortgage Revenue Bonds, Everyage, Series 2024B

.000

09/01/49

1,067,664

25,000

North Carolina Turnpike Authority, Triangle Expressway System

Revenue Bonds, Senior Lien Series 2019

.000

01/01/49

25,376

6,390,000

North Carolina Turnpike Authority, Triangle Expressway System

Revenue Bonds, Senior Lien Series 2024A - AGM Insured

.000

01/01/58

6,556,892

TOTAL NORTH CAROLINA

19,992,549

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NORTH DAKOTA - 0.4%

$

5,000,000

North Dakota Housing Finance Agency, Home Mortgage

Finance Program Bonds, Social Series 2024C

.650

%

07/01/44

$

5,111,466

1,485,000

Ward County Health Care, North Dakota, Revenue Bonds,

Trinity Obligated Group, Series 2017C

.000

06/01/34

1,495,764

TOTAL NORTH DAKOTA

6,607,230

OHIO - 3.2%

1,315,000

Brunswick City School District, Medina County, Ohio, General

Obligation Bonds, Classroom Facilities School Improvement

Series 2023 - BAM Insured

.250

12/01/53

1,381,474

2,000,000

Columbus Regional Airport Authority, Ohio, Revenue Bonds,

John Glenn Columbus International Airport, Series 2025A,

(AMT)

.250

01/01/42

2,137,093

3,700,000

(b) Columbus-Franklin County Finance Authority, Ohio, Revenue

Bonds, Bridge Park G Block Project, Public Infrastructure Series

2022

.000

12/01/53

3,659,878

1,000,000

County of Warren, Ohio Hospital FaciliaWarren County, Ohio,

Hospital Facilities Revenue Bonds, Community First Solutions

Obligated Group Refunding Series 2024A.ties Refunding

Revenue Bonds Series 2024

.000

05/15/44

1,009,355

1,415,000

County of Warren, Ohio Hospital FaciliaWarren County, Ohio,

Hospital Facilities Revenue Bonds, Community First Solutions

Obligated Group Refunding Series 2024A.ties Refunding

Revenue Bonds Series 2024

.000

05/15/49

1,394,611

1,910,000

County of Warren, Ohio Hospital FaciliaWarren County, Ohio,

Hospital Facilities Revenue Bonds, Community First Solutions

Obligated Group Refunding Series 2024A.ties Refunding

Revenue Bonds Series 2024

.000

05/15/52

1,853,417

1,000,000

Dayton, Ohio, Water System Revenue Bonds, Series 2022

.500

12/01/42

1,078,952

7,380,000

Hamilton County, Ohio, Hospital Facilities Revenue Bonds, UC

Health, Series 2020

.000

09/15/50

7,285,456

4,000,000

(c),(d)

JobsOhio Beverage System, Ohio, Statewide Liquor Profits

Revenue Bonds, Refunding Senior Lien & New Money, Series

2025A, (UB)

.000

01/01/48

4,284,859

1,165,000

(c),(d)

JobsOhio Beverage System, Ohio, Statewide Liquor Profits

Revenue Bonds, Refunding Senior Lien & New Money, Series

2025A, (UB)

.000

01/01/50

1,239,143

1,055,000

(c),(d)

JobsOhio Beverage System, Ohio, Statewide Liquor Profits

Revenue Bonds, Refunding Senior Lien & New Money, Series

2025A, (UB)

.000

01/01/53

1,115,827

400,000

Montgomery County, Ohio, Health Care Facilities Revenue

Bonds, Solvita Project Refunding and Improvement Series 2024

.250

09/01/54

411,018

285,000

Muskingum County, Ohio, Hospital Facilities Revenue Bonds,

Genesis HealthCare System Obligated Group Project, Series

2013

.000

02/15/27

286,429

2,000,000

Muskingum County, Ohio, Hospital Facilities Revenue Bonds,

Genesis HealthCare System Obligated Group Project, Series

2013

.000

02/15/44

1,943,156

5,000,000

New Albany Plain Local Joint Park District, Franklin and Licking

Counties, Ohio, General Obligation Bonds, Park Facilities

Series 2023 - BAM Insured

.500

12/01/48

5,402,418

1,150,000

Ohio Air Quality Development Authority, Ohio, Pollution

Control Revenue Bonds, FirstEnergy Generation Corporation

Project, Refunding Series 2009D, (Mandatory Put 9/15/21)

.375

08/01/29

1,128,797

1,100,000

Ohio Higher Educational Facility Commission, Higher

Educational Facility Revenue Bonds, John Carroll University

2025 Project, Series 2025

.500

10/01/50

1,104,865

2,250,000

Ohio Higher Educational Facility Commission, Higher

Educational Facility Revenue Bonds, John Carroll University

2025 Project, Series 2025

.500

10/01/57

2,251,337

250,000

(b) Ohio Housing Finance Agency, Multifamily Housing Revenue

Bonds, Silver Birch of Mansfield Project, Series 2024

.000

01/01/45

250,433

1,730,000

Ohio State, Hospital Revenue Bonds, Children's Hospital

Medical Center of Akron, Series 2024A

.250

08/15/48

1,858,646

#### Portfolio of Investments October 31, 2025
(continued)

#### Municipal Total Return

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

OHIO

(continued)

$

1,700,000

Summit County Development Finance Authority, Ohio, Parking

System Revenue Bonds, University of Akron Parking Project

Series 2023

.500

%

12/01/43

$

1,795,610

5,000,000

Washington County, Ohio, Hospital Facilities Revenue Bonds,

Memorial Health System Obligated Group, Series 2022

.375

12/01/37

5,406,316

635,000

West Holmes Local School District, Ohio, Certificates of

Participation, Series 2023 - BAM Insured

.250

12/01/44

669,396

TOTAL OHIO

48,948,486

OKLAHOMA - 0.4%

2,145,000

Clinton Public Works Authority, Oklahoma, Educational

Facilities, Lease Revenue Bonds, Series 2022

.000

10/01/33

2,341,743

1,925,000

Clinton Public Works Authority, Oklahoma, Educational

Facilities, Lease Revenue Bonds, Series 2022

.000

10/01/35

2,081,420

750,000

Oklahoma Development Finance Authority, Health System

Revenue Bonds, OU Medicine Project, Taxable Series 2022

.500

08/15/37

790,947

1,100,000

Tulsa Municipal Airport Trust, Oklahoma, Revenue Bonds,

American Airlines Inc., Series 2025, (AMT)

.250

12/01/35

1,269,587

TOTAL OKLAHOMA

6,483,697

OREGON - 1.1%

1,625,000

Astoria Hospital Facilities Authority, Oregon, Hospital Revenue

Bonds, Columbia Memorial Hospital Project, Series 2024

.250

08/01/41

1,722,802

1,635,000

Astoria Hospital Facilities Authority, Oregon, Hospital Revenue

Bonds, Columbia Memorial Hospital Project, Series 2024

.250

08/01/42

1,714,596

1,375,000

Astoria Hospital Facilities Authority, Oregon, Hospital Revenue

Bonds, Columbia Memorial Hospital Project, Series 2024

.250

08/01/43

1,427,340

1,355,000

Deschutes and Jefferson Counties School District 2J Redmond,

Oregon, General Obligation Bonds, Series 2025

.000

06/15/44

1,457,426

915,000

Deschutes and Jefferson Counties School District 2J Redmond,

Oregon, General Obligation Bonds, Series 2025

.000

06/15/45

980,068

2,500,000

Medford Hospital Facilities Authority, Oregon, Hospital

Revenue Bonds, Asante Health System, Refunding Series

2020A

.000

08/15/45

2,564,336

525,000

Oregon Coast Community College District, Lincoln County,

Oregon, General Obligation Bonds, Convertible Deferred

Interest Series 2024

.000

06/15/43

569,391

1,600,000

(b) Oregon Facilities Authority Charter School Revenue Bonds,

Oregon, Portland Village School Project, Series 2024

.500

12/15/44

1,533,914

1,300,000

(b) Oregon Facilities Authority Charter School Revenue Bonds,

Oregon, Portland Village School Project, Series 2024

.750

12/15/54

1,224,051

540,000

Oregon Housing and Community Services Department, Single

Family Mortgage Program Revenue Bonds, Series 2017G,

(AMT)

.450

01/01/33

536,022

2,000,000

Oregon State, General Obligation Bonds, Article XI-Q State

Projects, Refunding & New Money Series 2025A

.250

05/01/44

2,223,789

500,000

(b) Port of Morrow, Morrow County Oregon, Full Faith and Credit

Obligations, Series 2024A

.150

10/01/26

499,989

TOTAL OREGON

16,453,724

PENNSYLVANIA - 3.4%

100,000

(b) Allentown Neighborhood Improvement Zone Development

Authority, Pennsylvania, Tax Revenue Bonds, City Center

Project, Series 2018

.000

05/01/33

102,998

3,000,000

(b) Allentown Neighborhood Improvement Zone Development

Authority, Pennsylvania, Tax Revenue Bonds, City Center

Project, Subordinate Series 2022

.250

05/01/42

3,060,551

3,000,000

(b) Allentown Neighborhood Improvement Zone Development

Authority, Pennsylvania, Tax Revenue Bonds, City Center

Refunding Project, Series 2017

.000

05/01/42

3,011,824

4,600,000

Allentown Neighborhood Improvement Zone Development

Authority, Pennsylvania, Tax Revenue Bonds, Refunding

Forward Delivery Series 2022

.000

05/01/42

4,748,266

11,000

Berks County Municipal Authority, Pennsylvania, Revenue

Bonds, Tower Health Project, Series 2024A-2

.000

06/30/34

11,848

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

PENNSYLVANIA

(continued)

$

147,000

Berks County Municipal Authority, Pennsylvania, Revenue

Bonds, Tower Health Project, Series 2024A-3

.000

%

06/30/39

$

133,288

73,000

(e) Berks County Municipal Authority, Pennsylvania, Revenue

Bonds, Tower Health Project, Series 2024B-1

.000

06/30/44

50,386

23,000

Berks County Municipal Authority, Pennsylvania, Revenue

Bonds, Tower Health Project, Taxable Series 2024A-1

.000

06/30/34

22,913

2,100,000

Bucks County Industrial Development Authority, Pennsylvania,

Revenue Bonds, Grand View Hospital, Series 2021

.000

07/01/40

2,157,558

1,000,000

Cumberland Valley School District, Cumberland County,

Pennsylvania, General Obligation Bonds, Series 2023A - AGM

Insured

.000

11/15/44

1,052,235

1,000,000

Hatboro-Horsham School District, Montgomery County,

Pennsylvania, General Obligation Bonds, Series 2023A

.250

09/15/47

1,056,662

6,000,000

Pennsylvania Economic Development Financing Authority,

Pennsylvania, Private Activity Revenue Bonds, The PennDOT

Major Bridges Package One Project, Series 2022, (AMT)

.000

06/30/33

6,606,272

4,500,000

Pennsylvania Economic Development Financing Authority,

Pennsylvania, Private Activity Revenue Bonds, The PennDOT

Major Bridges Package One Project, Series 2022, (AMT)

.250

06/30/35

4,932,863

1,000,000

Pennsylvania Economic Development Financing Authority,

Private Activity Revenue Bonds, Pennsylvania Rapid Bridge

Replacement Project, Series 2015, (AMT)

.125

12/31/38

971,399

10,000,000

Pennsylvania Economic Development Financing Authority,

Private Activity Revenue Bonds, Pennsylvania Rapid Bridge

Replacement Project, Series 2015, (AMT)

.000

06/30/42

10,025,381

3,275,000

Pennsylvania Higher Educational Facilities Authority, Revenue

Bonds, Thomas Jefferson University, Series 2024B-1

.250

11/01/48

3,486,905

1,000,000

Pennsylvania Housing Finance Agency, Single Family Mortgage

Revenue Bonds, Social Series 2023-143A

.800

04/01/35

1,065,880

2,500,000

Pennsylvania Turnpike Commission, Turnpike Revenue Bonds,

Series 2022B

.250

12/01/47

2,667,308

1,215,000

South Western School District of York County, Pennsylvania,

General Obligation Bonds, Series 2023

.250

02/15/50

1,272,210

5,625,000

Westmoreland County Municipal Authority, Pennsylvania,

Municipal Service Revenue Bonds, Series 2025

.000

08/15/47

5,880,098

TOTAL PENNSYLVANIA

52,316,845

RHODE ISLAND - 0.3%

4,000,000

Rhode Island Infrastructure Bank, State Revolving Fund

Revenue Bonds, Master Trust Green Series 2025A

.250

10/01/50

4,350,693

TOTAL RHODE ISLAND

4,350,693

SOUTH CAROLINA - 1.7%

1,150,000

Aiken, South Carolina, Water & Sewer System Revenue Bonds,

Series 2024A - BAM Insured

.000

08/01/49

1,083,035

3,000,000

South Carolina Housing Finance and Development Authority,

Multifamily Housing Revenue Bonds, Edgewood Place

Apartments Series 2023A

.800

07/01/45

3,120,441

5,000,000

South Carolina Jobs-Economic Development Authority, Health

Care Facilities Revenue Bonds, Novant Health Group, Series

2024A

.500

11/01/45

5,420,413

4,000,000

South Carolina Jobs-Economic Development Authority, Health

Care Facilities Revenue Bonds, Novant Health Group, Series

2024A

.500

11/01/46

4,317,446

3,265,000

South Carolina Jobs-Economic Development Authority, Health

Care Facilities Revenue Bonds, Novant Health Group, Series

2024A

.500

11/01/50

3,483,638

250,000

South Carolina Jobs-Economic Development Authority,

Healthcare Revenue Bonds, Beaufort Memorial Hospital &

South of Broad Healthcare Project, Series 2024

.250

11/15/39

267,716

7,380,000

South Carolina State Ports Authority, Revenue Bonds, Series

2019A

.000

07/01/44

7,537,083

870,000

South Island Public Service District, South Carolina, Waterworks

and Sewer System Revenue Bonds, Improvement Series 2022

.250

04/01/42

944,521

TOTAL SOUTH CAROLINA

26,174,293

#### Portfolio of Investments October 31, 2025
(continued)

#### Municipal Total Return

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SOUTH DAKOTA - 0.2%

$

1,555,000

Baltic School District No. 49-1, South Dakota, General

Obligation Bonds, Series 2022 - AGM Insured

.500

%

12/01/51

$

1,648,481

1,960,000

Brandon, Minnehaha County, South Dakota, Water Surcharge

Revenue Bonds, Series 2022 - BAM Insured

.500

08/01/47

2,120,700

TOTAL SOUTH DAKOTA

3,769,181

TENNESSEE - 0.4%

2,050,000

Chattanooga Health, Educational and Housing Facility Board,

Tennessee, Revenue Bonds, CommonSpirit Health, Series

2019A-2

.000

08/01/49

2,065,772

665,000

Knox County Health, Educational, and Housing Facilities

Board, Revenue Bonds, Provident Group - UTK Properties

LLC - University of Tennessee Project, Student Housing Series

2024A-1 - BAM Insured

.000

07/01/44

688,359

1,300,000

Metropolitan Nashville Airport Authority, Tennessee, Airport

Improvement Revenue Bonds, Series 2022A, (AMT)

.500

07/01/37

1,452,413

2,160,000

Tennessee State School Bond Authority, Higher Educational

Facilities Second Program Bonds, Series 2022A

.000

11/01/47

2,276,311

TOTAL TENNESSEE

6,482,855

TEXAS - 7.0%

685,000

(b) Arlington Higher Education Finance Corporation, Texas,

Education Revenue Bonds, Legacy Traditional Schools - Texas

Project, Refunding Series 2022A

.000

02/15/42

672,091

645,000

Arlington Higher Education Finance Corporation, Texas,

Education Revenue Bonds, Uplift Education, Series 2016A

.000

12/01/51

634,661

4,300,000

Austin Independent School District, Travis County, Texas,

General Obligation Bonds, School Building Series 2024

.250

08/01/49

4,630,226

560,000

(b) Austin, Travis, Williamson and Hays Counties, Texas,

Special Assessment Revenue Bonds, Whisper Valley Public

Improvement District Improvement Area 3, Series 2024

.000

11/01/44

549,692

550,000

(b) City of Midlothian, Texas, Westside Preserve Public

Improvement District Improvement Area #1 Project Special

Assessment Revenue Bonds Series 2022

.250

09/15/42

561,490

1,500,000

Dallas Fort Worth International Airport, Texas, Joint Revenue

Bonds, Refunding & Improvement Series 2025A-1, (AMT)

.250

11/01/39

1,672,842

276,000

(f) Decatur Hospital Authority, Texas, Revenue Bonds, Wise

Regional Health System, Series 2021C, (Pre-refunded 9/01/31)

.000

09/01/44

294,954

750,000

(b) Denton County, Texas, Special Assessment Revenue Bonds,

Tabor Ranch Public Improvement District Improvement Area 1

Project, Senior Lien Series 2024A

.250

12/31/44

747,808

2,500,000

Fort Bend County, Texas, Toll Road Revenue Bonds, Senior Lien

Series 2025

.250

03/01/50

2,674,620

3,500,000

Fort Bend County, Texas, Toll Road Revenue Bonds, Senior Lien

Series 2025

.250

03/01/55

3,730,505

1,000,000

Fort Worth, Tarrant, Denton, Parker, Johnson, and Wise

Counties, Texas, Special Tax Revenue Bonds, Multipurpose

Arena Venue Project, Refunding Series 2025

.500

03/01/42

1,110,452

750,000

Fort Worth, Tarrant, Denton, Parker, Johnson, and Wise

Counties, Texas, Special Tax Revenue Bonds, Multipurpose

Arena Venue Project, Refunding Series 2025

.500

03/01/43

825,356

650,000

Galveston, Texas, Wharves and Terminal First Lien Revenue

Bonds, Series 2024A, (AMT)

.500

08/01/40

699,726

600,000

Galveston, Texas, Wharves and Terminal First Lien Revenue

Bonds, Series 2024A, (AMT)

.500

08/01/41

642,808

2,500,000

Georgetown Independent School District, Williamson County,

Texas, General Obligation Bonds, School Building Series 2024

.500

02/15/49

2,541,438

1,230,000

Hackberry, Texas, Combination Special Assessment and

Contract Revenue Road and Utility Bonds, Hidden Cove

Improvement District 2, Series 2017

.500

09/01/32

1,240,464

5,000,000

Harris County Hospital District, Texas, General Obligation

Bonds, Limited Tax Series 2025

.250

02/15/50

5,347,856

2,340,000

Highland Park Independent School District, Potter County,

Texas, General Obligation Bonds, School Building Series 2023

.250

02/15/42

2,535,206

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TEXAS

(continued)

$

5,000,000

Houston, Texas, Airport System Revenue Bonds, Refunding

Subordinate Lien Series 2023A - AGM Insured, (AMT)

.250

%

07/01/41

$

5,387,558

2,475,000

Houston, Texas, Airport System Special Facilities Revenue

Bonds, United Airlines, Inc. Terminal Improvements Project,

Series 2024B, (AMT)

.500

07/15/35

2,752,485

8,000,000

(c) Houston, Texas, Combined Utility System Revenue Bonds,

Combined First Lien Refunding Series 2024A, (UB)

.250

11/15/49

8,533,689

640,000

Hunt Memorial Hospital District, Hunt County, Texas, General

Obligation Bonds, Refunding & Improvement Series 2020

.000

02/15/34

648,502

6,000,000

Kerrville Public Utility Board Public Facility Corporation, Texas,

Power Supply Revenue Bonds, Series 2025A - BAM Insured

.250

04/15/46

6,414,003

250,000

(b) Lavon, Texas, Special Assessment Revenue Bonds, Lavon Trails

Public Improvement District Project, Series 2025

.000

09/15/54

258,354

1,500,000

Love Field Airport Modernization Corporation, Texas, General

Airport Revenue Bonds, Refunding Series 2021, (AMT)

.000

11/01/29

1,605,944

1,500,000

Memorial City Redevelopment Authority, Texas, Tax Increment

Contract Revenue Bonds, Series 2025

.000

09/01/45

1,538,885

1,400,000

(b) Mission Economic Development Corporation, Texas, Revenue

Bonds, Natgasoline Project, Senior Lien Series 2018, (AMT)

.625

10/01/31

1,405,015

150,000

(a) Mission Economic Development Corporation, Texas,

Solid Waste Disposal Revenue Bonds, Graphic Packaging

International, LLC Project, Green Series 2025, (AMT),

(Mandatory Put 6/01/30)

.000

12/01/64

156,141

750,000

(g) New Hope Cultural Education Facilities Finance Corporation,

Texas, Student Housing Revenue Bonds, NCCD - College

Station Properties LLC - Texas A&M University Project, Series

2015A

.000

07/01/30

738,576

1,500,000

North East Regional Mobility Authority, Texas, Revenue Bonds,

Refunding Senior Lien Series 2025A

.250

01/01/45

1,604,848

915,000

North East Regional Mobility Authority, Texas, Revenue Bonds,

Refunding Senior Lien Series 2025A

.250

01/01/46

975,104

1,595,000

(c) Northwest Independent School District, Denton, Tarrant and

Wise Counties, Texas, General Obligation Bonds, School

Building Series 2025, (UB)

.250

02/15/55

1,705,908

700,000

(b) Port Beaumont Navigation District, Jefferson County, Texas,

Dock and Wharf Facility Revenue Bonds, Jefferson Gulf Coast

Energy Project, Series 2021A, (AMT)

.875

01/01/26

697,154

1,040,000

Reagan Hospital District of Reagan County, Texas, Limited Tax

Revenue Bonds, Series 2014A

.000

02/01/29

1,040,185

2,185,000

Tarrant County Cultural Education Facilities Finance

Corporation, Texas, Hospital Revenue Bonds, Scott & White

Healthcare Project, Series 2022D

.500

11/15/47

2,327,984

3,850,000

Tarrant County Cultural Education Facilities Finance

Corporation, Texas, Retirement Facility Revenue Bonds,

Buckner Senior Living Ventana Project, Series 2017A

.625

11/15/37

3,927,323

6,000,000

Tarrant County Cultural Education Facilities Finance

Corporation, Texas, Revenue Bonds, Texas Health Resources

System, Series 2016A

.000

02/15/47

6,028,186

5,000,000

(c) Tarrant County Cultural Education Facilities Finance

Corporation, Texas, Revenue Bonds, Texas Health Resources

System, Series 2025A, (UB)

.000

11/15/49

5,242,301

2,250,000

Tarrant County Hospital District, Texas, General Obligation

Bonds, Limited Tax Series 2023

.250

08/15/40

2,462,793

5,000,000

Texas Department of Housing and Community Affairs, Single

Family Mortgage Revenue Bonds, Series 2022B

.250

09/01/52

5,156,953

5,110,000

Texas Department of Housing and Community Affairs, Single

Family Mortgage Revenue Bonds, Series 2022B

.000

03/01/53

5,578,548

2,700,000

Texas Private Activity Bond Surface Transpiration Corporation,

Senior Lien Revenue Bonds, NTE Mobility Partners Segments 3

LLC Refunding Series 2023, (AMT)

.250

12/31/36

2,860,413

2,450,000

Texas Private Activity Bond Surface Transportation Corporation,

Senior Lien Revenue Bonds, LBJ Infrastructure Group LLC IH-

635 Managed Lanes Project, Refunding Series 2020A

.000

12/31/32

2,520,075

#### Portfolio of Investments October 31, 2025
(continued)

#### Municipal Total Return

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TEXAS

(continued)

$

2,000,000

Texas State Technical College System, Financing System

Revenue Bonds, Improvement Series 2022A - AGM Insured

.000

%

08/01/54

$

2,191,984

400,000

(b) Town of Lakewood Village, Texas, Lakewood Village Public

Improvement District Improvement District No. 1 Project

Special Assessment Revenue Bonds Series 2022

.250

09/15/42

406,025

2,125,000

Upper Trinity Regional Water District, Texas, Regional Treated

Water Supply System Revenue Bonds, Refunding Series 2025 -

BAM Insured

.500

08/01/50

2,286,456

1,240,000

Viridian Municipal Management District, Texas, Revenue

Bonds, Road Improvement Series 2023 - AGM Insured

.000

12/01/38

1,282,068

TOTAL TEXAS

108,845,655

UTAH - 3.5%

265,000

(b) Black Desert Public Infrastructure District, Washington County,

Utah, Special Assessment Bonds, Black Desert Assessment

Area 1, Series 2024

.625

12/01/53

267,922

2,000,000

Downtown Revitalization Public Infrastructure District, Utah,

Sales Tax Revenue Bonds, Seg Redevelopment Project, First

Lien Series 2025A

.500

06/01/50

2,175,742

1,000,000

Downtown Revitalization Public Infrastructure District, Utah,

Sales Tax Revenue Bonds, Seg Redevelopment Project, First

Lien Series 2025A

.500

06/01/55

1,078,574

1,400,000

Downtown Revitalization Public Infrastructure District, Utah,

Sales Tax Revenue Bonds, SEG Redevelopment Project, Second

Lien Series 2025B

.250

06/01/44

1,527,697

250,000

Downtown Revitalization Public Infrastructure District, Utah,

Sales Tax Revenue Bonds, SEG Redevelopment Project, Second

Lien Series 2025B

.250

06/01/45

271,119

1,000,000

Downtown Revitalization Public Infrastructure District, Utah,

Sales Tax Revenue Bonds, SEG Redevelopment Project, Second

Lien Series 2025B

.500

06/01/50

1,087,055

650,000

(b) Downtown Revitalization Public Infrastructure District, Utah,

Sales Tax Revenue Bonds, SEG Redevelopment Project,

Subordinate Lien Series 2025C

.000

07/15/35

655,165

336,779

(b) Firefly Public Infrastructure District 1, Utah, Limited Tax General

Obligation Bonds, Series 2024A-1

.625

12/01/43

341,171

2,570,000

(b) GLH Public Infrastructure District 1, Utah, Limited Tax General

Obligation Bonds, Series 2025

.875

03/01/55

2,642,531

2,450,000

Herber Light and Power Company, Utah, Electric Revenue

Bonds, Series 2023 - BAM Insured

.000

12/15/47

2,540,445

1,275,000

(b) Jordanelle Ridge Public Infrastructure District 2, Utah, General

Obligation Bonds, Limited Tax Series 2023A

.750

03/01/54

1,335,699

4,490,000

Lehi Local Building Authority, Utah, Lease Revenue Bonds,

Series 2022

.250

06/15/47

4,725,342

4,060,000

Lehi Local Building Authority, Utah, Lease Revenue Bonds,

Series 2022

.500

06/15/49

4,319,055

450,000

Lehi, Utah, Franchise and Sales Tax Revenue Bonds, Broadband

Project, Series 2025 - BAM Insured

.250

02/01/49

475,589

1,750,000

Lehi, Utah, Franchise and Sales Tax Revenue Bonds, Broadband

Project, Series 2025 - BAM Insured

.250

02/01/55

1,843,881

1,955,000

(b) MIDA Military Installation Development Authority Golf and

Equestrian Center Public Infrastructure District, Utah, Limited

Tax and Tax Allocation Revenue Bonds, Series 2021

.500

06/01/51

1,651,969

4,800,000

(b) Nordic Village Public Infrastructure District 1, Weber County,

Utah, Limited Tax General Obligation and Special Revenue

Bonds, Series 2025

.500

03/01/55

4,924,623

1,375,000

Ogden City Municipal Building Authority, Utah, Lease Revenue

Bonds, Series 2023A

.000

01/15/48

1,416,642

1,450,000

Peaks Public Infrastructure District, Morgan County, Utah,

Special Assessment Revenue Bonds, Series 2024

.250

12/01/53

1,393,867

1,000,000

(b) Ridges Estates Infrastructure Financing District, Utah, Special

Assessment Bonds, Alpine Hollow Assessment Area, Series

2025

.250

12/01/53

1,035,356

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTAH

(continued)

$

1,715,000

Salt Lake City, Utah, Airport Revenue Bonds, International

Airport Series 2023A, (AMT)

.250

%

07/01/43

$

1,812,613

1,925,000

(b) Sawmill Infrastructure Financing District, Utah, Special

Assessment Bonds, Sawmill Assessment Area, Series 2025

.000

12/01/54

1,974,022

850,000

(b) Soleil Hills Public Infrastructure District No. 1, Utah, Limited Tax

General Obligation and Special Revenue Bonds, Series 2025A

.875

03/01/55

853,167

1,190,000

Utah Telecommunication Open Infrastructure Agency, Utah,

Revenue Bonds, Refunding Sales Tax and Telecommunication

Series 2022

.500

06/01/40

1,331,109

1,000,000

(b) Ventana Resort Village Public Infrastructure District, Utah,

General Obligation Bonds, Limited Tax Series 2024

.500

03/01/54

994,720

2,220,000

(b) Verk Industrial Regional Public Infrastructure District, Utah, Tax

Differential Revenue Bonds, Series 2025

.625

09/01/47

2,330,592

8,820,000

Wasatch County School District Local Building Authority, Utah,

Lease Revenue Bonds, Board of Education Series 2022

.500

06/01/47

9,416,473

TOTAL UTAH

54,422,140

VIRGINIA - 3.1%

13,200,000

Chesapeake Bay Bridge and Tunnel District, Virginia, General

Resolution Revenue Bonds, First Tier Series 2016

.000

07/01/46

13,227,092

415,000

James City County Economic Development Authority, Virginia,

Residential Care Facility Revenue Bonds, Williamsburg Landing

Inc., Series 2024A

.750

12/01/53

448,053

350,000

James City County Economic Development Authority, Virginia,

Residential Care Facility Revenue Bonds, Williamsburg Landing

Inc., Series 2024A

.875

12/01/58

378,998

2,670,000

Norfolk, Virginia, Water Revenue Bonds, Refunding Series 2024

.000

11/01/41

2,967,686

2,200,000

Virginia Beach Development Authority, Virginia, Residential

Care Facility Revenue Bonds, Westminster Canterbury on

Chesapeake Bay, Series 2023A

.500

09/01/43

2,419,288

310,000

Virginia Housing Development Authority, Commonwealth

Mortgage Bonds, Series 2023E-5

.500

07/01/45

314,369

1,000,000

Virginia Small Business Finance Authority, Healthcare Facilities

Revenue Bonds, Mary Washington Healthcare, Refunding

Series 2025A-1

.000

06/15/43

1,056,416

1,320,000

(a) Virginia Small Business Financing Authority, Environmental

Facilities Revenue Bonds (Pure Salmon Virginia LLC Project),

Escrow Refinancing Series 2022, (AMT), (Mandatory Put

11/20/25)

.000

11/01/52

1,320,358

13,440,000

Virginia Small Business Financing Authority, Private Activity

Revenue Bonds, Transform 66 P3 Project, Senior Lien Series

2017, (AMT)

.000

12/31/49

13,295,525

500,000

Virginia Small Business Financing Authority, Revenue Bonds, 95

Express Lanes LLC Project, Refunding Senior Lien Series 2022,

(AMT)

.000

01/01/38

525,486

300,000

Virginia Small Business Financing Authority, Revenue Bonds, 95

Express Lanes LLC Project, Refunding Senior Lien Series 2022,

(AMT)

.000

06/30/38

314,525

5,000,000

Virginia Small Business Financing Authority, Revenue Bonds, 95

Express Lanes LLC Project, Refunding Senior Lien Series 2022,

(AMT)

.000

12/31/47

5,021,659

1,300,000

Virginia Small Business Financing Authority, Revenue Bonds,

Elizabeth River Crossing OPCO, LLC Project, Refunding Senior

Lien Series 2022, (AMT)

.000

01/01/32

1,332,947

4,000,000

Virginia Small Business Financing Authority, Virginia,

Residential Care Facility Revenue Bonds, Lifespire, Refunding

Series 2024A

.500

12/01/54

4,096,063

650,000

Williamsburg Economic Development Authority, Virginia,

Student Housing Revenue Bonds, Provident Group -

Williamsburg Properties LLC - William and Mary Project Series

2023A - AGM Insured

.250

07/01/53

690,264

TOTAL VIRGINIA

47,408,729

#### Portfolio of Investments October 31, 2025
(continued)

#### Municipal Total Return

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

WASHINGTON - 2.5%

$

1,000,000

Camas, Washington, Water and Sewer Revenue Bonds,

Refunding Series 2025

.250

%

12/01/55

$

1,066,505

2,500,000

Grant County Public Hospital District 2, Washington, General

Obligation Bonds, Quincy Valley Medical Center, Series 2023

.000

12/01/38

2,588,052

5,000,000

Jefferson County Public Hospital District 2, Washington,

Hospital Revenue Bonds, Refunding Series 2023A

.875

12/01/53

5,162,990

1,930,000

King County Public Hospital District 2, Washington, General

Obligation Bonds, EvergreenHealth, Limited Tax Series 2024

.000

12/01/42

2,054,366

2,765,000

King County Public Hospital District 2, Washington, General

Obligation Bonds, EvergreenHealth, Limited Tax Series 2024

.250

12/01/45

2,951,739

4,000,000

Kitsap County School District 100C Bremerton, Washington,

General Obligation Bonds, Series 2024

.250

12/01/47

4,297,204

1,000,000

Port Vancouver, Washington, General Obligation Bonds,

Limited Tax Series 2025, (AMT)

.125

12/01/55

1,030,769

700,000

Skagit County Public Hospital District 1, Washington, Revenue

Bonds, Skagit Regional Health, Series 2024

.500

12/01/41

743,940

550,000

Skagit County Public Hospital District 1, Washington, Revenue

Bonds, Skagit Regional Health, Series 2024

.500

12/01/43

571,144

3,855,000

Washington Health Care Facilities Authority, Revenue Bonds,

Central Washington Health Services Association, Refunding

Series 2015

.000

07/01/39

3,856,050

5,000,000

(c) Washington Health Care Facilities Authority, Revenue Bonds,

CommonSpirit Health, Series 2025A, (UB)

.250

09/01/50

5,215,948

5,030,000

Washington Health Care Facilities Authority, Revenue Bonds,

Providence Health & Services, Refunding Series 2012A

.000

10/01/42

5,031,618

2,000,000

Washington Health Care Facilities Authority, Revenue Bonds,

Virginia Mason Medical Center, Series 2017

.000

08/15/32

2,056,295

700,000

Washington Health Care Facilities Authority, Revenue Bonds,

Virginia Mason Medical Center, Series 2017

.000

08/15/42

663,423

1,250,000

Whatcom County Public Utility District 1, Washington, General

Obligation Bonds, Limited Tax Series 2025A - BAM Insured,

(AMT)

.500

12/01/43

1,340,637

TOTAL WASHINGTON

38,630,680

WEST VIRGINIA - 1.0%

790,000

(a) West Virginia Economic Development Authority, Solid Waste

Disposal Facilities Revenue Bonds, Appalachian Power

Company - Amos Project, Series 2009A, (Mandatory Put

6/01/28)

.700

12/01/42

805,062

1,000,000

(a),(b)

West Virginia Economic Development Authority, Solid Waste

Disposal Facilities Revenue Bonds, Core Natural Resources,

INC Project, AMT Series 2025, (AMT), (Mandatory Put 5/15/32)

.625

04/15/55

1,016,771

3,250,000

West Virginia Hospital Finance Authority, Hospital Revenue

Bonds, Cabell Huntington Hospital, Inc. Project, Refunding &

Improvement Series 2018A

.000

01/01/43

3,058,050

3,780,000

West Virginia Hospital Finance Authority, Revenue Bonds,

West Virginia University Health System Obligated Group,

Improvement Series 2017A

.000

06/01/47

3,801,941

2,000,000

West Virginia Hospital Finance Authority, Revenue Bonds, West

Virginia University Health System System Obligated Group,

Improvement Series 2025A

.250

06/01/44

2,121,532

1,755,000

West Virginia Hospital Finance Authority, Revenue Bonds, West

Virginia University Health System System Obligated Group,

Improvement Series 2025A

.250

06/01/45

1,854,021

2,000,000

West Virginia Hospital Finance Authority, Revenue Bonds, West

Virginia University Health System System Obligated Group,

Improvement Series 2025A

.500

06/01/50

2,144,345

TOTAL WEST VIRGINIA

14,801,722

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

WISCONSIN - 3.3%

$

1,750,000

Public Finance Authority of Wisconsin, Charter School Revenue

Bonds, Mountain Island Charter School, North Carolina, Series

2017B

.000

%

07/01/47

$

1,685,696

3,500,000

Public Finance Authority of Wisconsin, Hospital Revenue

Bonds, Renown Regional Medical Center Project, Refunding

Series 2016A

.000

06/01/40

3,514,749

10,000,000

Public Finance Authority of Wisconsin, Hospital Revenue

Bonds, Renown Regional Medical Center Project, Series 2025A

.500

06/01/55

10,562,327

6,475,000

Public Finance Authority of Wisconsin, Hotel Revenue Bonds,

Grand Hyatt San Antonio Hotel Acquisition Project, Senior Lien

Series 2022A

.000

02/01/62

6,462,189

1,000,000

Public Finance Authority of Wisconsin, Project Revenue Bonds,

CFP3 - Eastern Michigan University Student Housing Project,

Series 2022A-1 - BAM Insured

.250

07/01/36

1,104,695

1,100,000

Public Finance Authority, Wisconsin, Educational Revenue

Bonds, Lake Norman Charter School, Series 2024A

.000

06/15/64

1,054,385

8,315,000

(b) Public Finance Authority, Wisconsin, Tax Increment Revenue

Senior Bonds, World Center Project Series 2024A

.000

06/01/41

8,457,062

5,000,000

Public Finance Authority, Wisconsin, Toll Revenue Bonds,

Georgia SR 400 Express Lanes Project, Senior Lien Series 2025

.750

06/30/60

5,167,428

1,875,000

Wisconsin Health and Educational Facilities Authority, Revenue

Bonds, Bellin Memorial Hospital Incorporated Series 2022A

.500

12/01/52

2,009,498

1,935,000

Wisconsin Health and Educational Facilities Authority, Revenue

Bonds, Bellin Memorial Hospital Incorporated Series 2022B

.250

12/01/48

2,046,880

1,500,000

Wisconsin Health and Educational Facilities Authority, Revenue

Bonds, Marshfield Clinic Health System, Inc., Series 2017C

.000

02/15/47

1,505,131

2,410,000

Wisconsin Health and Educational Facilities Authority, Revenue

Bonds, Marshfield Clinic, Series 2016B

.000

02/15/34

2,420,713

3,600,000

Wisconsin Health and Educational Facilities Authority,

Wisconsin, Revenue Bonds, Children's Hospital of Wisconsin,

Inc., Series 2017

.000

08/15/42

3,504,732

1,415,000

Wisconsin Health and Educational Facilities Authority,

Wisconsin, Revenue Bonds, Three Pillars Senior Living

Communities, Series 2024A

.250

08/15/39

1,492,907

TOTAL WISCONSIN

50,988,392

TOTAL MUNICIPAL BONDS

(Cost $1,528,564,234)

1,555,526,774

TOTAL LONG-TERM INVESTMENTS

(Cost $1,528,564,234)

1,555,526,774

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS - 0.2%

2555000

MUNICIPAL BONDS - 0.2%

2555000

COLORADO - 0.1%

1,230,000

(a),(h)

Colorado Springs, Colorado, Utilities System Revenue Bonds,

Variable Rate Demand Subordinate Lien Improvement Series

2006B

.370

11/01/36

1,230,000

TOTAL COLORADO

1,230,000

NEW YORK - 0.1%

1,325,000

(a),(h)

Battery Park City Authority, New York, Revenue Bonds,

Adjustable Rate Junior Series 2019D-2

.000

11/01/38

1,325,000

TOTAL NEW YORK

1,325,000

TOTAL MUNICIPAL BONDS

(Cost $2,555,000)

2,555,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $2,555,000)

2,555,000

TOTAL INVESTMENTS - 100.9%

(Cost $1,531,119,234)

1,558,081,774

FLOATING RATE OBLIGATIONS - (2.4)%

(37,080,000)

OTHER ASSETS & LIABILITIES, NET - 1.5%

22,928,821

NET ASSETS - 100%

$

1,543,930,595

#### Portfolio of Investments October 31, 2025
(continued)

#### Municipal Total Return

Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and in conformity with the

applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") related to interim filings. Part F of Form N-PORT does not

include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in

financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For

a full set of the Fund's notes to financial statements, please refer to the Fund's most recently filed annual or semi-annual report.

Fair Value Measurements

The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/

Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an

independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to

maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements

for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs

are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's assumptions about

the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the

circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit

spreads, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of

investments).

The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value

them:

AMT

Alternative Minimum Tax

ETM

Escrowed to maturity

UB

Underlying bond of an inverse floating rate trust reflected as a financing transaction. Inverse floating rate trust is a Recourse Trust

unless otherwise noted.

(a) Floating or variable rate security includes the reference rate and spread, unless the variable rate is based on the underlying asset of

the security. Coupon rate reflects the rate at period end.

(b) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the fiscal period, the aggregate value of these securities is $153,381,903 or 9.8% of Total Investments.

(c) Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse

floating rate transactions.

(d) When-issued or delayed delivery security.

(e) Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding.

The rate shown is the coupon as of the end of the fiscal period.

(f) Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely

payment of principal and interest.

(g) Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of

bankruptcy.

(h) Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term

investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect as of the end of the

reporting period. This rate changes periodically based on market conditions or a specified market index.

Municipal Total Return

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Municipal Bonds

$

–

$

1,555,526,774

$

–

$

1,555,526,774

Short-Term Investments:

Municipal Bonds

–

2,555,000

–

2,555,000

Total

$

–

$

1,558,081,774

$

–

$

1,558,081,774

#### Portfolio of Investments October 31, 2025

#### Core Impact Bond
(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM INVESTMENTS - 98.5%

ASSET-BACKED SECURITIES - 4.3%

–

$

62,739

(a) GoodLeap Sustainable Home Solutions Trust 2021-3, Series

2021 3CS

.100

%

05/20/48

$

51,882

112,979

(a) GoodLeap Sustainable Home Solutions Trust 2021-4, Series

2021 4GS

.360

07/20/48

82,866

117,341

(a) Loanpal Solar Loan 2021-2 Ltd, Series 2021 2GS

.220

03/20/48

94,626

92,911

(a) Mosaic Solar Loan Trust 2020-2, Series 2020 2A

.440

08/20/46

78,312

113,988

(a) Mosaic Solar Loan Trust 2021-3, Series 2021 3A

.920

06/20/52

87,808

250,000

(a) Tesla Auto Lease Trust 2024-B, Series 2024 B

.820

10/20/27

250,961

21,939

(a) Vivint Solar Financing V LLC, Series 2018 1A

.370

04/30/48

21,306

193,005

(a) Vivint Solar Financing VII LLC, Series 2020 1A

.210

07/31/51

178,729

TOTAL ASSET-BACKED SECURITIES

(Cost $962,910)

846,490

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

8266465

CORPORATE BONDS - 42.5% (b)

8266465

BANKS - 8.0%

200,000

(c),(d)

African Development Bank

.750

N/A

201,638

150,000

Asian Infrastructure Investment Bank/The

.500

01/16/30

154,378

140,000

Asian Infrastructure Investment Bank/The

.500

05/21/35

144,115

250,000

Credit Agricole Corporate & Investment Bank SA

.570

08/25/30

249,519

175,000

(a) International Development Association

.500

02/12/35

179,232

225,000

(a) International Development Association

.000

06/11/30

226,969

400,000

M&T Bank Corp

.833

01/16/29

404,905

TOTAL BANKS

1,560,756

CAPITAL GOODS - 1.0%

200,000

Conservation Fund A Nonprofit Corp/The

.474

12/15/29

191,586

TOTAL CAPITAL GOODS

191,586

COMMERCIAL & PROFESSIONAL SERVICES - 1.9%

200,000

(a) Amazon Conservation DAC

.034

01/16/42

206,360

250,000

Rockefeller Foundation/The

.492

10/01/50

154,431

TOTAL COMMERCIAL & PROFESSIONAL SERVICES

360,791

CONSUMER SERVICES - 2.2%

250,000

Bush Foundation

.754

10/01/50

159,217

100,000

Massachusetts Higher Education Assistance Corp

.673

07/01/31

88,035

200,000

Starbucks Corp

.450

08/15/49

168,650

TOTAL CONSUMER SERVICES

415,902

CONSUMER STAPLES DISTRIBUTION & RETAIL - 2.0%

225,000

(a) Alimentation Couche-Tard Inc

.625

05/13/51

164,068

250,000

Sysco Corp

.400

02/15/30

231,771

TOTAL CONSUMER STAPLES DISTRIBUTION & RETAIL

395,839

ENERGY - 1.3%

250,000

Arab Energy Fund /The, Reg S

.428

05/02/29

259,646

TOTAL ENERGY

259,646

FINANCIAL SERVICES - 6.2%

100,000

European Investment Bank

.750

02/14/33

98,662

250,000

HA Sustainable Infrastructure Capital Inc

.375

07/01/34

252,557

125,000

(a) HAT Holdings I LLC / HAT Holdings II LLC

.750

09/15/30

115,268

100,000

Kreditanstalt fuer Wiederaufbau

.375

02/28/34

102,409

45,000

Low Income Investment Fund

.386

07/01/26

44,306

50,000

NHP Foundation/The

.000

12/01/33

53,953

263,000

(a) Starwood Property Trust Inc

.500

10/15/30

273,632

250,000

(a) WLB Asset VI Pte Ltd

.250

12/21/27

261,118

TOTAL FINANCIAL SERVICES

1,201,905

FOOD, BEVERAGE & TOBACCO - 0.9%

250,000

PepsiCo Inc

.875

10/15/49

168,481

TOTAL FOOD, BEVERAGE & TOBACCO

168,481

#### Portfolio of Investments October 31, 2025
(continued)

#### Core Impact Bond

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

HEALTH CARE EQUIPMENT & SERVICES - 0.8%

$

250,000

Seattle Children's Hospital

.719

%

10/01/50

$

159,025

TOTAL HEALTH CARE EQUIPMENT & SERVICES

159,025

MATERIALS - 1.8%

350,000

Air Products and Chemicals Inc

.800

03/03/33

356,092

TOTAL MATERIALS

356,092

MEDIA & ENTERTAINMENT - 2.6%

500,000

Comcast Corp

.650

02/15/33

500,357

TOTAL MEDIA & ENTERTAINMENT

500,357

TELECOMMUNICATION SERVICES - 0.9%

250,000

Verizon Communications Inc

.850

09/03/41

180,743

TOTAL TELECOMMUNICATION SERVICES

180,743

UTILITIES - 12.9%

250,000

(a) ContourGlobal Power Holdings SA

.750

02/28/30

257,500

200,000

Duke Energy Progress LLC

.000

04/01/52

159,118

250,000

MidAmerican Energy Co

.150

04/15/50

173,276

250,000

Pacific Gas and Electric Co

.700

04/01/53

267,896

250,000

PG&E Recovery Funding LLC

.231

06/01/42

257,165

100,000

Public Service Co of Oklahoma

.200

08/15/31

88,340

100,000

Public Service Electric and Gas Co

.125

03/15/53

95,971

150,000

(a) RWE Finance US LLC

.875

04/16/34

157,117

171,413

(a) Solar Star Funding LLC

.375

06/30/35

176,752

200,000

Southern California Edison Co

.650

06/01/51

139,623

200,000

Southwestern Electric Power Co

.250

11/01/51

134,577

150,000

Southwestern Public Service Co

.150

05/01/50

100,488

183,220

(a) Sweihan PV Power Co PJSC2022 1

.625

01/31/49

156,944

109,426

(a) Topaz Solar Farms LLC

.750

09/30/39

109,426

155,644

(a) UEP Penonome II SA2020 1

.500

10/01/38

140,158

100,000

(a),(c),(d)

Vistra Corp

.000

N/A

100,991

TOTAL UTILITIES

2,515,342

TOTAL CORPORATE BONDS

(Cost $8,765,959)

8,266,465

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MORTGAGE-BACKED SECURITIES - 23.8%

–

882

(e) Banc of America Mortgage 2004-K Trust, Series 2004 K

.426

12/25/34

874

125,000

(a),(e)

BFLD Trust 2020-EYP, Series 2020 EYP, (TSFR1M + 2.214%)

.247

10/15/35

5,250

200,000

(a),(e)

Century Plaza Towers 2019-CPT, Series 2019 CPT

.997

11/13/39

166,195

4,078

Fannie Mae Pool, FN MA5165

.500

10/01/53

4,132

816

Fannie Mae Pool, FN MA4805, Series 2022 1

.500

11/01/52

799

18,624

Fannie Mae Pool, FN MA4785

.000

10/01/52

18,649

19,778

Fannie Mae Pool, FN MA4733

.500

09/01/52

19,366

41,360

Fannie Mae Pool, FN MA4732

.000

09/01/52

39,463

5,161

Fannie Mae Pool, FN MA4709

.000

07/01/52

5,160

7,858

Fannie Mae Pool, FN MA4579

.000

04/01/52

7,009

1,503

Fannie Mae Pool, FN FS1535

.000

04/01/52

1,348

752

Fannie Mae Pool, FN MA4761

.000

09/01/52

752

3,397

Fannie Mae Pool, FN CA6414

.000

07/01/50

3,077

1,895

Fannie Mae Pool, FN BU8837

.000

05/01/52

1,896

2,078

Fannie Mae Pool, FN BT0267

.000

09/01/51

1,878

8,336

Fannie Mae Pool, FN FS0522

.500

02/01/52

7,169

5,623

Freddie Mac Gold Pool, FG G08760

.000

04/01/47

5,131

250,000

Freddie Mac Multiclass Certificates Series 2020-P003, Series

2020 P003

.956

09/25/46

197,650

124,347

Freddie Mac Multifamily Structured Pass Through Certificates,

Series 2020 Q014

.555

01/25/36

104,438

4,095

Freddie Mac Pool, FR SD8220

.000

06/01/52

3,632

299,549

Ginnie Mae II Pool, G2 MA8347

.500

10/20/52

294,460

92,641

Ginnie Mae II Pool, G2 MA8428

.000

11/20/52

92,900

52,844

Ginnie Mae II Pool, G2 MA8487

.500

12/20/52

48,468

49,949

Ginnie Mae II Pool, G2 MA8488

.000

12/20/52

47,625

354,068

Ginnie Mae II Pool, G2 MA8489

.500

12/20/52

347,889

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MORTGAGE-BACKED SECURITIES

(continued)

$

4,057

Ginnie Mae II Pool, G2 MA8646

.500

%

02/20/53

$

3,983

43,377

Ginnie Mae II Pool, G2 MA9488

.500

02/20/54

43,888

3,487

Ginnie Mae II Pool, G2 MA8648

.500

02/20/53

3,539

23,368

Ginnie Mae II Pool, G2 MA9101

.000

08/20/53

21,136

417,665

Ginnie Mae II Pool, G2 MA9906

.500

09/20/54

421,723

59,066

Ginnie Mae II Pool, G2 MA9907

.000

09/20/54

60,225

22,468

Ginnie Mae II Pool, G2 MA8269

.000

09/20/52

22,532

573,639

Ginnie Mae II Pool, G2 MA8647

.000

02/20/53

574,775

388,719

Ginnie Mae II Pool, G2 MA8267, Series 2022 A

.000

09/20/52

370,678

3,138

Ginnie Mae II Pool, G2 BX3679

.000

08/20/50

2,829

44,919

Ginnie Mae II Pool, G2 MA8149

.500

07/20/52

41,509

15,109

Ginnie Mae II Pool, G2 BY0325

.500

10/20/50

12,990

Ginnie Mae II Pool, G2 BY0330

.000

10/20/50

883

Ginnie Mae II Pool, G2 BY0331

.000

10/20/50

793

2,309

Ginnie Mae II Pool, G2 BY0338

.500

08/20/50

2,143

45,839

Ginnie Mae II Pool, G2 MA8201

.500

08/20/52

45,082

1,542

Ginnie Mae II Pool, G2 BY0340

.500

08/20/50

1,426

2,018

Ginnie Mae II Pool, G2 BY0339

.500

08/20/50

1,879

4,536

Ginnie Mae II Pool, G2 BX3680

.000

08/20/50

4,085

2,233

Ginnie Mae II Pool, G2 BX3681

.000

08/20/50

2,010

100,265

Ginnie Mae II Pool, G2 MA7768, Series 2021 1

.000

12/20/51

90,153

432,149

Ginnie Mae II Pool, G2 MA7989

.500

04/20/52

397,866

53,060

Ginnie Mae II Pool, G2 MA8043

.000

05/20/52

47,698

235,000

(a) Hudson Yards 2019-30HY Mortgage Trust, Series 2019 30HY

.228

07/10/39

224,575

212,214

(a),(e)

Natixis Commercial Mortgage Securities Trust 2019-MILE,

Series 2019 MILE, (TSFR1M + 1.579%)

.915

07/15/36

204,886

150,000

(a),(e)

NYC Commercial Mortgage Trust 2025-300P, Series 2025 300P

.879

07/13/42

150,825

250,000

(a),(e)

PENN Commercial Mortgage Trust 2025-P11, Series 2025 P11

.344

08/10/42

254,504

200,000

(a),(e)

VNDO Trust 2016-350P, Series 2016 350P

.903

01/10/35

197,974

TOTAL MORTGAGE-BACKED SECURITIES

(Cost $4,799,813)

4,631,263

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

3649238

MUNICIPAL BONDS - 18.7%

3649238

ALASKA - 0.8%

150,000

Port Lions, Alaska, Revenue Bonds, Kodiak Area Native

Association Project, Taxable Series 2022

.500

10/01/52

157,668

TOTAL ALASKA

157,668

CALIFORNIA - 6.0%

200,000

City And County Of San Francisco, California, Taxable General

Obligation Bonds (Social Bonds-Affordable Housing, 2019)

Series 2021A

.684

06/15/40

153,337

250,000

San Francisco City & County Public Utilities Commission

Wastewater Revenue, California,

.655

10/01/27

253,594

250,000

San Francisco City and County, California, Affordable Housing

Social Bonds, General Obligation Tax Bonds, Series 2025D

.770

06/15/45

258,449

250,000

San Jose Financing Authority, California, Lease Revenue Bonds,

Convention Center Refunding Project, Taxable, Series 2022A

.662

05/01/37

246,291

250,000

San Luis Obispo County Financing Authority, California,

Revenue Bonds, Nacimiento Water Project, Series 2007B

.571

09/01/40

261,683

TOTAL CALIFORNIA

1,173,354

ILLINOIS - 0.3%

50,000

Village of Deerfield, Illinois, General Obligation Bonds, Series

2011

.000

12/01/28

49,977

TOTAL ILLINOIS

49,977

IOWA - 1.3%

250,000

(a) Iowa Finance Authority

.000

11/01/27

253,354

TOTAL IOWA

253,354

MASSACHUSETTS - 0.8%

170,000

Massachusetts Clean Energy Cooperative Corp

.020

07/01/28

161,711

TOTAL MASSACHUSETTS

161,711

#### Portfolio of Investments October 31, 2025
(continued)

#### Core Impact Bond

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MICHIGAN - 0.4%

$

100,000

University of Michigan, General Revenue Bonds, Taxable Green

Series 2022B

.504

%

04/01/52

$

76,143

TOTAL MICHIGAN

76,143

NEW HAMPSHIRE - 3.9%

500,000

National Finance Authority, New Hampshire, Revenue Bonds,

Abilene Christian University Taxable Series 2024B

.775

11/01/54

499,753

250,000

National Finance Authority, New Hampshire, Revenue Bonds,

Winston-Salem Sustainable Energy Partners Taxable Series

2025B

.876

12/01/35

268,197

TOTAL NEW HAMPSHIRE

767,950

NEW YORK - 2.1%

250,000

New York City, New York, General Obligation Bonds, Taxable

Fiscal 2025 Series D-1

.094

10/01/49

240,744

150,000

United Nations Development Corporation, New York, Revenue

Bonds, Taxable Series 2025A

.536

08/01/55

161,096

TOTAL NEW YORK

401,840

OHIO - 0.5%

95,000

American Municipal Power Inc., Ohio, Meldahl Hydroelectric

Projects Revenue Bonds, Build America Bond Series 2010E

.270

02/15/50

99,913

TOTAL OHIO

99,913

PENNSYLVANIA - 1.3%

250,000

Philadelphia Redevelopment Authority, Pennsylvania, City

Service Agreement Revenue Bonds, City of Philadelphia

Neighborhood Preservation Initiative, Taxable Social Series

2024A

.226

09/01/40

254,532

TOTAL PENNSYLVANIA

254,532

WISCONSIN - 1.3%

250,000

Public Finance Authority, Wisconsin, Revenue Bonds, Bluehub

Loan Fund Issue, Series 2024A

.292

07/01/29

252,796

TOTAL WISCONSIN

252,796

TOTAL MUNICIPAL BONDS

(Cost $3,557,880)

3,649,238

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

1586082

SOVEREIGN DEBT - 8.1%

1586082

CANADA - 3.9%

500,000

Export Development Canada

.750

06/05/34

524,533

250,000

(a) OMERS Finance Trust

.500

04/19/32

240,285

TOTAL CANADA

764,818

DOMINICAN REPUBLIC - 0.8%

150,000

(a) Dominican Republic International Bond

.600

06/01/36

158,160

TOTAL DOMINICAN REPUBLIC

158,160

NETHERLANDS - 2.3%

200,000

(a) Nederlandse Waterschapsbank NV

.000

06/01/28

201,307

250,000

(a) Nederlandse Waterschapsbank NV

.500

01/16/30

256,629

TOTAL NETHERLANDS

457,936

SWEDEN - 1.1%

200,000

(a) Kommuninvest I Sverige AB

.625

09/29/28

205,168

TOTAL SWEDEN

205,168

TOTAL SOVEREIGN DEBT

(Cost $1,540,629)

1,586,082

Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and in conformity with the

applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") related to interim filings. Part F of Form N-PORT does not

include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in

financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For

a full set of the Fund's notes to financial statements, please refer to the Fund's most recently filed annual or semi-annual report.

Fair Value Measurements

The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/

Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an

independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to

maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements

for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs

are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's assumptions about

the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the

circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit

spreads, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of

investments).

The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value

them:

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

205730

U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 1.1%

205730

$

63,000

United States Treasury Note/Bond

.750

%

05/15/55

$

63,827

140,000

United States Treasury Note/Bond

.750

08/15/55

141,903

TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS

(Cost $204,674)

205,730

TOTAL LONG-TERM INVESTMENTS

(Cost $19,831,865)

19,185,268

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS - 1.0%

183,941

U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 1.0%

183,941

184,000

Federal Home Loan Bank Discount Notes

.000

11/03/25

183,941

TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS

(Cost $183,962)

183,941

TOTAL SHORT-TERM INVESTMENTS

(Cost $183,962)

183,941

TOTAL INVESTMENTS - 99.5%

(Cost $20,015,827)

19,369,209

OTHER ASSETS & LIABILITIES, NET - 0.5%

104,365

NET ASSETS - 100%

$

19,473,574

Reg S

Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United States without registering

those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor from the

registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic issuers that are

made outside the United States.

TSFR1M

CME Term Secured Overnight Financing Rate 1 Month

(a) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the fiscal period, the aggregate value of these securities is $5,891,137 or 30.4% of Total Investments.

(b) Contains $1,000 Par Preferred and/or Contingent Capital Securities.

(c) Perpetual security. Maturity date is not applicable.

(d) $1,000 Par Institutional Preferred security. As of the end of the period, the percent of $1,000 Par Institutional Preferred securities was

1.6% of Total Investments.

(e) Floating or variable rate security includes the reference rate and spread, unless the variable rate is based on the underlying asset of

the security. Coupon rate reflects the rate at period end.

#### Portfolio of Investments October 31, 2025
(continued)

#### Core Impact Bond

Core Impact Bond

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Asset-Backed Securities

$

–

$

846,490

$

–

$

846,490

Corporate Bonds

–

8,266,465

–

8,266,465

Mortgage-Backed Securities

–

4,631,263

–

4,631,263

Municipal Bonds

–

3,649,238

–

3,649,238

Sovereign Debt

–

1,586,082

–

1,586,082

U.S. Government and Agency Obligations

–

205,730

–

205,730

Short-Term Investments:

U.S. Government and Agency Obligations

–

183,941

–

183,941

Total

$

–

$

19,369,209

$

–

$

19,369,209

#### Portfolio of Investments October 31, 2025

#### Emerging Markets Debt
(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM INVESTMENTS - 96.9%

13316596

CORPORATE BONDS - 45.9% (a)

ARGENTINA - 0.5%

$

140,000

(b) Arcor SAIC

.600

%

07/31/33

$

142,380

TOTAL ARGENTINA

142,380

AUSTRALIA - 0.7%

200,000

AngloGold Ashanti Holdings PLC

.375

11/01/28

194,092

TOTAL AUSTRALIA

194,092

BRAZIL - 1.1%

115,000

Suzano Netherlands BV

.500

01/15/36

114,696

200,000

Vale Overseas Ltd

.400

06/28/54

208,359

TOTAL BRAZIL

323,055

CHILE - 6.8%

200,000

(b) Antofagasta PLC

.625

05/13/32

207,200

200,000

(b),(c),(d)

Banco de Credito e Inversiones SA

.500

N/A

210,702

200,000

(b),(d)

Banco del Estado de Chile

.950

N/A

212,685

200,000

(b) Celulosa Arauco y Constitucion SA

.180

05/05/32

207,400

200,000

(b) Cia Cervecerias Unidas SA

.350

01/19/32

180,956

200,000

(b) Corp Nacional del Cobre de Chile

.625

10/18/43

193,463

200,000

(b) Corp Nacional del Cobre de Chile

.000

09/30/29

189,626

200,000

(b) Corp Nacional del Cobre de Chile

.700

01/30/50

145,342

200,000

(b) Empresa Nacional del Petroleo

.150

05/10/33

211,708

200,000

(b) Sociedad Quimica y Minera de Chile SA

.500

11/07/33

215,549

TOTAL CHILE

1,974,631

CHINA - 1.4%

200,000

(b),(c)

Lenovo Group Ltd

.421

11/02/30

190,981

225,000

(b) Prosus NV

.193

01/19/32

216,626

TOTAL CHINA

407,607

GUATEMALA - 0.7%

200,000

(b) Energuate Trust 2 0

.350

09/15/35

200,699

TOTAL GUATEMALA

200,699

INDIA - 2.1%

250,000

(b) Indian Railway Finance Corp Ltd

.249

02/13/30

238,245

200,000

REC Ltd

.625

03/22/28

200,660

200,000

(b) UltraTech Cement Ltd

.800

02/16/31

182,965

TOTAL INDIA

621,870

INDONESIA - 3.6%

200,000

(b) Freeport Indonesia PT

.763

04/14/27

200,428

200,000

(b) Indonesia Asahan Aluminium PT / Mineral Industri Indonesia

Persero PT

.530

11/15/28

214,259

200,000

(b) Indonesia Asahan Aluminium PT / Mineral Industri Indonesia

Persero PT

.450

05/15/30

206,724

200,000

(b) Pertamina Persero PT

.500

05/27/41

217,041

200,000

(b) Perusahaan Perseroan Persero PT Perusahaan Listrik Negara

.450

05/21/28

205,345

TOTAL INDONESIA

1,043,797

ISRAEL - 1.3%

200,000

(b) Israel Electric Corp Ltd, Reg S

.750

02/22/32

186,921

200,000

(b) Mizrahi Tefahot Bank Ltd, Reg S

.077

04/07/31

197,590

TOTAL ISRAEL

384,511

KAZAKHSTAN - 1.0%

300,000

(b) KazMunayGas National Co JSC

.750

04/19/47

284,318

TOTAL KAZAKHSTAN

284,318

MALAYSIA - 1.5%

240,000

(b) Petronas Capital Ltd

.340

04/03/35

250,615

200,000

(b) Petronas Capital Ltd

.480

01/28/32

179,771

TOTAL MALAYSIA

430,386

#### Portfolio of Investments October 31, 2025
(continued)

#### Emerging Markets Debt

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MEXICO - 9.1%

$

200,000

(b),(e)

Banco Nacional de Comercio Exterior SNC/Cayman Islands

.720

%

08/11/31

$

195,176

200,000

(b) Banco Nacional de Comercio Exterior SNC/Cayman Islands

.875

05/07/30

207,542

200,000

(b) BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero

BBVA Mexico/TX

.450

06/29/38

221,270

200,000

(b) CFE FIBRA E

.875

09/23/40

201,040

150,000

Coca-Cola Femsa SAB de CV

.100

05/06/35

151,560

200,000

(b) Comision Federal de Electricidad

.688

05/15/29

197,928

198,102

(b) FIEMEX Energia - Banco Actinver SA Institucion de Banca

Multiple

.250

01/31/41

209,516

200,000

(b) Gruma SAB de CV

.761

12/09/54

200,709

200,000

(b),(c)

Grupo Aeromexico SAB de CV

.625

11/15/31

200,561

200,000

Grupo Televisa SAB

.625

01/15/40

183,559

300,000

(b) Mexico City Airport Trust

.500

10/31/46

264,811

200,000

(b) Orbia Advance Corp SAB de CV

.800

05/13/30

199,868

200,000

Petroleos Mexicanos

.950

01/28/31

195,628

TOTAL MEXICO

2,629,168

MOROCCO - 0.7%

200,000

(b) OCP SA

.700

03/01/36

215,421

TOTAL MOROCCO

215,421

NIGERIA - 0.7%

200,000

(b) IHS Holding Ltd

.875

05/29/30

204,014

TOTAL NIGERIA

204,014

PERU - 1.9%

200,000

(b) Kallpa Generacion SA

.500

09/11/35

201,380

200,000

(b) Niagara Energy SAC

.746

10/03/34

205,827

200,000

(b) Petroleos del Peru SA

.625

06/19/47

144,000

TOTAL PERU

551,207

POLAND - 0.7%

200,000

(b) ORLEN SA

.000

01/30/35

211,261

TOTAL POLAND

211,261

SAUDI ARABIA - 0.8%

250,000

(b) Saudi Arabian Oil Co

.250

11/24/30

225,660

TOTAL SAUDI ARABIA

225,660

SOUTH AFRICA - 2.7%

200,000

(b) Bidvest Group UK PLC/The

.200

09/17/32

202,575

200,000

Sasol Financing USA LLC

.500

03/18/31

169,907

200,000

(b) Transnet/South Africa

.250

02/06/28

211,392

200,000

(b) Windfall Mining Group Inc / Groupe Minier Windfall Inc

.854

05/13/32

209,052

TOTAL SOUTH AFRICA

792,926

SUPRANATIONAL - 1.3%

400,000

(b) Banque Ouest Africaine de Developpement

.700

10/22/31

373,441

TOTAL SUPRANATIONAL

373,441

THAILAND - 1.6%

200,000

(b),(c)

Bangkok Bank PCL/Hong Kong

.650

07/05/34

211,855

250,000

(b) PTTEP Treasury Center Co Ltd

.993

01/15/30

237,495

TOTAL THAILAND

449,350

TURKEY - 2.2%

225,000

(b) Turk Telekomunikasyon AS

.950

10/07/32

227,495

200,000

(b) Turkcell Iletisim Hizmetleri AS

.650

01/24/32

209,543

200,000

(b) Ulker Biskuvi Sanayi AS

.875

07/08/31

206,868

TOTAL TURKEY

643,906

UNITED ARAB EMIRATES - 2.8%

250,000

(b) Abu Dhabi Crude Oil Pipeline LLC

.600

11/02/47

235,213

200,000

(b) DP World Ltd/United Arab Emirates

.625

09/25/48

200,232

139,838

(b) Galaxy Pipeline Assets Bidco Ltd

.160

03/31/34

127,042

240,000

(b),(c)

MDGH GMTN RSC Ltd

.375

11/22/33

238,579

TOTAL UNITED ARAB EMIRATES

801,066

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UNITED KINGDOM - 0.7%

$

200,000

(b) Standard Chartered PLC

.905

%

05/14/35

$

211,830

TOTAL UNITED KINGDOM

211,830

TOTAL CORPORATE BONDS

(Cost $12,559,371)

13,316,596

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

14711093

SOVEREIGN DEBT - 51.0%

ANGOLA - 1.0%

300,000

(b) Angolan Government International Bond

.750

04/14/32

281,242

TOTAL ANGOLA

281,242

BARBADOS - 0.7%

200,000

(b) Barbados Government International Bond

.000

06/26/35

208,000

TOTAL BARBADOS

208,000

BENIN - 0.7%

200,000

(b) Benin Government International Bond

.375

01/23/41

213,198

TOTAL BENIN

213,198

BERMUDA - 0.9%

300,000

(b) Bermuda Government International Bond

.375

08/20/30

271,350

TOTAL BERMUDA

271,350

BRAZIL - 0.7%

200,000

Brazilian Government International Bond

.125

05/13/54

202,600

TOTAL BRAZIL

202,600

CHILE - 1.7%

550,000

Chile Government International Bond

.550

07/27/33

476,382

TOTAL CHILE

476,382

COLOMBIA - 1.5%

200,000

Colombia Government International Bond

.000

04/20/33

219,940

200,000

Colombia Government International Bond

.750

11/14/53

229,190

TOTAL COLOMBIA

449,130

COTE D'IVOIRE - 0.7%

200,000

(b) Ivory Coast Government International Bond

.250

01/30/37

212,420

TOTAL COTE D'IVOIRE

212,420

DOMINICAN REPUBLIC - 1.2%

150,000

(b) Dominican Republic International Bond

.050

02/03/31

161,340

175,000

(b) Dominican Republic International Bond

.875

10/28/35

174,641

TOTAL DOMINICAN REPUBLIC

335,981

EGYPT - 1.6%

200,000

(b) Egypt Government International Bond

.625

02/04/30

214,287

250,000

(b) Egypt Government International Bond

.053

01/15/32

248,787

TOTAL EGYPT

463,074

GHANA - 0.9%

300,000

(b) Ghana Government International Bond

.000

07/03/35

258,180

TOTAL GHANA

258,180

HUNGARY - 2.9%

200,000

(b) Hungary Government International Bond

.250

06/16/29

204,285

200,000

(b) Hungary Government International Bond

.250

09/22/32

215,452

200,000

(b) Hungary Government International Bond

.500

03/26/36

201,906

200,000

(b) Magyar Export-Import Bank Zrt

.125

12/04/27

206,992

TOTAL HUNGARY

828,635

INDIA - 0.7%

200,000

(b) Export-Import Bank of India

.250

01/15/30

190,817

TOTAL INDIA

190,817

KAZAKHSTAN - 2.1%

200,000

(b) Baiterek National Managing Holding JSC

.450

05/08/28

203,734

200,000

(b) Development Bank of Kazakhstan JSC

.500

04/15/27

202,498

200,000

(b) Kazakhstan Government International Bond

.412

10/28/30

198,300

TOTAL KAZAKHSTAN

604,532

#### Portfolio of Investments October 31, 2025
(continued)

#### Emerging Markets Debt

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MEXICO - 3.9%

$

250,000

(b) Eagle Funding Luxco Sarl

.500

%

08/17/30

$

253,975

250,000

Mexico Government International Bond

.280

08/14/41

204,637

250,000

Mexico Government International Bond

.500

02/12/34

216,812

200,000

Mexico Government International Bond

.338

05/04/53

198,450

250,000

Mexico Government International Bond

.400

05/07/54

249,984

TOTAL MEXICO

1,123,858

NIGERIA - 2.4%

200,000

(b) Nigeria Government International Bond

.625

06/09/31

218,009

500,000

(b) Nigeria Government International Bond

.375

09/28/33

483,056

TOTAL NIGERIA

701,065

OMAN - 2.0%

200,000

(b),(c)

Oman Government International Bond

.500

03/08/47

219,561

350,000

(b) Oman Sovereign Sukuk Co

.525

04/17/33

349,999

TOTAL OMAN

569,560

PANAMA - 2.1%

500,000

Panama Government International Bond

.252

09/29/32

410,050

200,000

(c) Panama Government International Bond

.400

02/14/35

210,090

TOTAL PANAMA

620,140

PARAGUAY - 0.7%

200,000

(b) Paraguay Government International Bond

.650

03/04/55

215,310

TOTAL PARAGUAY

215,310

PERU - 2.4%

250,000

(b) Fondo MIVIVIENDA SA

.625

04/12/27

251,459

225,000

Peruvian Government International Bond

.783

01/23/31

207,799

225,000

Peruvian Government International Bond

.375

02/08/35

230,965

TOTAL PERU

690,223

PHILIPPINES - 2.8%

675,000

Philippine Government International Bond

.950

01/06/32

587,621

200,000

Philippine Government International Bond

.900

02/04/50

213,880

TOTAL PHILIPPINES

801,501

POLAND - 3.2%

400,000

(b) Bank Gospodarstwa Krajowego

.375

05/22/33

417,100

140,000

Republic of Poland Government International Bond

.500

04/04/53

138,007

75,000

Republic of Poland Government International Bond

.125

09/18/34

77,042

75,000

Republic of Poland Government International Bond

.500

03/18/54

73,930

200,000

Republic of Poland Government International Bond

.875

02/12/30

206,145

TOTAL POLAND

912,224

QATAR - 1.1%

310,000

(b) Qatar Government International Bond

.103

04/23/48

310,784

TOTAL QATAR

310,784

ROMANIA - 3.0%

270,000

(b) Romanian Government International Bond

.000

02/14/51

186,222

120,000

(b) Romanian Government International Bond

.625

03/27/32

108,150

50,000

(b) Romanian Government International Bond

.125

01/17/33

53,932

102,000

(b) Romanian Government International Bond

.875

01/30/29

104,967

250,000

(b) Romanian Government International Bond

.375

01/30/34

256,843

150,000

(b) Romanian Government International Bond

.750

03/24/35

146,716

TOTAL ROMANIA

856,830

SAUDI ARABIA - 3.4%

250,000

(b) Saudi Government International Bond

.500

10/26/46

221,002

300,000

(b) Saudi Government International Bond

.625

03/04/28

296,858

325,000

(b) Saudi Government International Bond

.250

02/02/33

280,347

200,000

(b) Saudi Government International Bond

.750

01/16/54

204,593

TOTAL SAUDI ARABIA

1,002,800

SOUTH AFRICA - 2.8%

550,000

(b) Republic of South Africa Government International Bond

.100

11/19/36

591,505

200,000

(b) Republic of South Africa Government International Bond

.950

11/19/54

213,865

TOTAL SOUTH AFRICA

805,370

Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and in conformity with the

applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") related to interim filings. Part F of Form N-PORT does not

include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in

financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For

a full set of the Fund's notes to financial statements, please refer to the Fund's most recently filed annual or semi-annual report.

Fair Value Measurements

The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/

Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an

independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to

maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements

for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs

are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's assumptions about

the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the

circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TURKEY - 1.5%

$

200,000

Turkiye Government International Bond

.625

%

05/15/34

$

213,799

200,000

Turkiye Government International Bond

.125

07/17/32

208,042

TOTAL TURKEY

421,841

UNITED ARAB EMIRATES - 1.1%

425,000

(b) Abu Dhabi Government International Bond

.125

09/30/49

315,022

TOTAL UNITED ARAB EMIRATES

315,022

UZBEKISTAN - 0.8%

250,000

(b) Republic of Uzbekistan International Bond

.700

11/25/30

233,264

TOTAL UZBEKISTAN

233,264

ZAMBIA - 0.5%

141,412

(b) Zambia Government International Bond

.750

06/30/33

135,760

TOTAL ZAMBIA

135,760

TOTAL SOVEREIGN DEBT

(Cost $13,919,486)

14,711,093

TOTAL LONG-TERM INVESTMENTS

(Cost $26,478,857)

28,027,689

SHARES

DESCRIPTION

Coupon

VALUE

INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING - 5.3%

1,532,234

(f) State Street Navigator Securities Lending

Government Money Market Portfolio

4.060 (g)

1,532,234

TOTAL INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING

(Cost $1,532,234)

1,532,234

TOTAL INVESTMENTS (Cost $28,011,091) - 102.2%

29,559,923

OTHER ASSETS & LIABILITIES, NET - (2.2)%

(628,840)

NET ASSETS - 100%

$

28,931,083

Reg S

Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United States without registering

those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor from the

registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic issuers that are

made outside the United States.

(a) Contains $1,000 Par Preferred and/or Contingent Capital Securities.

(b) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the fiscal period, the aggregate value of these securities is $21,833,863 or 73.9% of Total Investments.

(c) Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end

of the fiscal period was $1,481,332.

(d) Perpetual security. Maturity date is not applicable.

(e) $1,000 Par Institutional Preferred security. As of the end of the period, the percent of $1,000 Par Institutional Preferred securities was

0.7% of Total Investments.

(f) Investments made with cash collateral received from securities on loan.

(g) The rate shown is the one-day yield as of the end of the reporting period.

#### Portfolio of Investments October 31, 2025
(continued)

#### Emerging Markets Debt

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit

spreads, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of

investments).

The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value

them:

Emerging Markets Debt

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Corporate Bonds

$

–

$

13,316,596

$

–

$

13,316,596

Sovereign Debt

–

14,711,093

–

14,711,093

Investments Purchased with Collateral from Securities

Lending

1,532,234

–

–

1,532,234

Total

$

1,532,234

$

28,027,689

$

–

$

29,559,923

#### Portfolio of Investments October 31, 2025

#### High Yield
(Unaudited)

SHARES

DESCRIPTION

VALUE

LONG-TERM INVESTMENTS - 97.8%

14,984

COMMON STOCKS - 0.1%

14,984

TELECOMMUNICATION SERVICES - 0.1%

905

Altice France Lux 3

$

14,984

TOTAL TELECOMMUNICATION SERVICES

14,984

TOTAL COMMON STOCKS

(Cost $15,439)

14,984

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

17715268

CORPORATE BONDS - 96.7% (a)

17715268

AUTOMOBILES & COMPONENTS - 3.4%

$

35,000

(b) Clarios Global LP / Clarios US Finance Co

.750

%

02/15/30

36,284

125,000

Goodyear Tire & Rubber Co/The

.000

07/15/29

118,977

200,000

(b) IHO Verwaltungs GmbH

.000

11/15/32

208,530

55,000

(b) Phinia Inc

.750

04/15/29

56,739

150,000

(b) ZF North America Capital Inc

.750

04/23/30

142,788

70,000

(b) ZF North America Capital Inc

.500

03/24/31

67,311

TOTAL AUTOMOBILES & COMPONENTS

630,629

CAPITAL GOODS - 6.9%

70,000

(b) AECOM

.000

08/01/33

71,838

200,000

(b) Albion Financing 1 SARL / Aggreko Holdings Inc

.000

05/21/30

206,417

100,000

(b) Alta Equipment Group Inc

.000

06/01/29

90,612

60,000

(b) Camelot Return Merger Sub Inc

.750

08/01/28

55,465

180,000

(b) Efesto Bidco SpA Efesto US LLC

.500

02/15/32

179,718

25,000

(b) Gates Corp/DE

.875

07/01/29

25,955

65,000

(b) Herc Holdings Inc

.625

06/15/29

67,123

105,000

(b) Herc Holdings Inc

.000

06/15/30

109,901

80,000

(b) Masterbrand Inc

.000

07/15/32

82,984

40,000

(b) Standard Building Solutions Inc

.250

08/01/33

40,790

20,000

(b) TransDigm Inc

.875

12/15/30

20,764

100,000

(b) TransDigm Inc

.375

03/01/29

102,719

100,000

(b) TransDigm Inc

.375

05/31/33

101,933

100,000

(b) Trinity Industries Inc

.750

07/15/28

103,650

TOTAL CAPITAL GOODS

1,259,869

COMMERCIAL & PROFESSIONAL SERVICES - 1.7%

95,000

(b) AMN Healthcare Inc

.500

01/15/31

95,228

80,000

(b) ASGN Inc

.625

05/15/28

78,571

70,000

(b) Neptune Bidco US Inc

.290

04/15/29

69,125

50,000

(b) RR Donnelley & Sons Co

.500

08/01/29

51,266

20,000

(b) Science Applications International Corp

.875

11/01/33

19,941

TOTAL COMMERCIAL & PROFESSIONAL SERVICES

314,131

CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL - 4.7%

80,000

(b) Academy Ltd

.000

11/15/27

80,194

75,000

(b) Bath & Body Works Inc

.625

10/01/30

77,088

70,000

Kohl's Corp

.625

05/01/31

54,243

50,000

(b) LCM Investments Holdings II LLC

.875

05/01/29

48,674

10,000

(b) Macy's Retail Holdings LLC

.125

03/15/32

10,048

175,000

(b) Michaels Cos Inc/The

.250

05/01/28

163,412

100,000

(b),(c)

Michaels Cos Inc/The

.875

05/01/29

87,750

55,000

(b) Park River Holdings Inc

.000

03/15/31

56,619

20,000

(b) PetSmart Inc / PetSmart Finance Corp

.500

09/15/32

19,949

90,000

(b) QXO Building Products Inc

.750

04/30/32

93,173

100,000

(b) Staples Inc

.750

09/01/29

96,908

15,000

(b) Veritiv Operating Co

.500

11/30/30

15,610

50,000

(b) Wayfair LLC

.250

10/31/29

51,704

TOTAL CONSUMER DISCRETIONARY DISTRIBUTION & RETAIL

855,372

CONSUMER DURABLES & APPAREL - 2.1%

100,000

(b) CD&R Smokey Buyer Inc / Radio Systems Corp

.500

10/15/29

69,993

80,000

Newell Brands Inc

.625

09/15/29

78,237

120,000

(b) S&S Holdings LLC

.375

10/01/31

114,639

#### Portfolio of Investments October 31, 2025
(continued)

#### High Yield

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CONSUMER DURABLES & APPAREL

(continued)

$

20,000

(b) TopBuild Corp

.625

%

01/31/34

$

20,081

115,000

(b) Wolverine World Wide Inc

.000

08/15/29

105,290

TOTAL CONSUMER DURABLES & APPAREL

388,240

CONSUMER SERVICES - 5.8%

75,000

(b),(c)

Caesars Entertainment Inc

.000

10/15/32

71,548

90,000

(b) Carnival Corp

.875

06/15/31

92,817

80,000

(b) Churchill Downs Inc

.750

04/01/30

80,246

95,000

(b) Cinemark USA Inc

.000

08/01/32

98,450

115,000

(b) Fertitta Entertainment LLC / Fertitta Entertainment Finance Co

Inc

.625

01/15/29

110,030

40,000

(b) Life Time Inc

.000

11/15/31

40,562

50,000

(b) Light & Wonder International Inc

.250

10/01/33

49,779

80,000

(b) Marriott Ownership Resorts Inc

.500

10/01/33

78,881

10,000

(b) Merlin Entertainments Group US Holdings Inc

.375

02/15/31

8,379

50,000

MGM Resorts International

.125

09/15/29

50,905

200,000

(b),(c)

Motion Finco Sarl

.375

02/15/32

168,228

50,000

(b) Muvico LLC

.000

02/19/29

54,115

20,000

(b) NCL Corp Ltd

.875

01/15/31

19,991

30,000

(b) NCL Corp Ltd

.250

09/15/33

30,343

50,000

(b) Six Flags Entertainment Corp / Six Flags Theme Parks Inc

.625

05/01/32

50,771

50,000

(b) Wynn Resorts Finance LLC / Wynn Resorts Capital Corp

.250

03/15/33

50,801

TOTAL CONSUMER SERVICES

1,055,846

CONSUMER STAPLES DISTRIBUTION & RETAIL - 0.9%

50,000

(b) Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

.500

02/15/28

50,916

50,000

(b) Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

.250

03/15/33

51,397

60,000

(b),(d)

Albertsons Cos Inc / Safeway Inc / New Albertsons LP /

Albertsons LLC

.750

03/31/34

60,264

TOTAL CONSUMER STAPLES DISTRIBUTION & RETAIL

162,577

ENERGY - 14.3%

75,000

(b) Antero Midstream Partners LP / Antero Midstream Finance

Corp

.750

10/15/33

74,892

65,000

(b) Archrock Partners LP / Archrock Partners Finance Corp

.250

04/01/28

65,277

50,000

(b) Archrock Partners LP / Archrock Partners Finance Corp

.625

09/01/32

51,387

50,000

(b) Ascent Resources Utica Holdings LLC / ARU Finance Corp

.625

10/15/32

50,990

50,000

(b) Ascent Resources Utica Holdings LLC / ARU Finance Corp

.625

07/15/33

50,894

95,000

(b),(c)

Baytex Energy Corp

.375

03/15/32

93,545

8,903

(b) Borr IHC Ltd / Borr Finance LLC

.000

11/15/28

8,903

80,000

(b) Buckeye Partners LP

.750

02/01/30

83,494

30,000

(b) Chord Energy Corp

.000

10/01/30

30,071

100,000

(b) Chord Energy Corp

.750

03/15/33

102,118

65,000

(b) Civitas Resources Inc

.750

07/01/31

66,824

55,000

(b) Civitas Resources Inc

.375

07/01/28

56,828

60,000

(b) CNX Resources Corp

.250

03/01/32

62,559

50,000

(b) Delek Logistics Partners LP / Delek Logistics Finance Corp

.375

06/30/33

50,726

15,000

Genesis Energy LP / Genesis Energy Finance Corp

.875

05/15/32

15,450

150,000

(b) Harvest Midstream I LP

.500

05/15/32

155,449

165,000

(b) Hilcorp Energy I LP / Hilcorp Finance Co

.750

02/01/29

161,916

10,000

(b) Hilcorp Energy I LP / Hilcorp Finance Co

.375

11/01/33

10,344

30,000

(b) Howard Midstream Energy Partners LLC

.625

01/15/34

30,915

100,000

(b) Kinetik Holdings LP

.625

12/15/28

102,707

50,000

(b) Kodiak Gas Services LLC

.250

02/15/29

51,922

15,000

(b) Kodiak Gas Services LLC

.500

10/01/33

15,371

25,000

(b) Kodiak Gas Services LLC

.750

10/01/35

25,745

40,000

(b) Matador Resources Co

.250

04/15/33

39,941

95,000

(b) Noble Finance II LLC

.000

04/15/30

98,595

100,000

(b) PBF Holding Co LLC / PBF Finance Corp

.875

09/15/30

100,453

20,000

(b),(c)

PBF Holding Co LLC / PBF Finance Corp

.875

03/15/30

21,203

50,000

(b) Rockies Express Pipeline LLC

.750

03/15/33

52,332

65,000

(e) South Bow Canadian Infrastructure Holdings Ltd

.625

03/01/55

67,668

50,000

(b) Sunoco LP

.250

07/01/33

51,056

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ENERGY

(continued)

$

50,000

(b) Sunoco LP

.625

%

03/31/31

$

50,032

50,000

(b) Sunoco LP

.875

03/15/34

49,992

100,000

(b) Talos Production Inc

.000

02/01/29

102,818

18,077

(b) Transocean Aquila Ltd

.000

09/30/28

18,543

30,000

(b) Transocean International Ltd

.875

10/15/32

30,895

33,750

(b) Transocean International Ltd

.750

02/15/30

35,415

28,333

(b) Transocean Titan Financing Ltd

.375

02/01/28

29,116

130,000

(b) USA Compression Partners LP / USA Compression Finance

Corp

.125

03/15/29

134,269

20,000

(b) USA Compression Partners LP / USA Compression Finance

Corp

.250

10/01/33

20,077

30,000

(b) Venture Global LNG Inc

.125

06/01/28

30,904

160,000

(b),(c)

Venture Global LNG Inc

.000

01/15/30

161,917

40,000

(b) Venture Global Plaquemines LNG LLC

.500

01/15/34

41,898

60,000

(b) Weatherford International Ltd

.750

10/15/33

61,318

TOTAL ENERGY

2,616,769

EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) - 0.8%

55,000

(b) Millrose Properties Inc

.375

08/01/30

55,717

60,000

(b) Millrose Properties Inc

.250

09/15/32

60,287

35,000

(b) MPT Operating Partnership LP / MPT Finance Corp

.500

02/15/32

36,669

TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)

152,673

FINANCIAL SERVICES - 11.5%

55,000

(b) Azorra Finance Ltd

.250

01/15/31

57,528

50,000

Block Inc

.500

05/15/32

51,878

200,000

(b) Burford Capital Global Finance LLC

.500

07/15/33

197,457

55,962

(b) Compass Group Diversified Holdings LLC

.250

04/15/29

50,691

25,437

(b) Compass Group Diversified Holdings LLC

.000

01/15/32

22,379

90,000

(b) Encore Capital Group Inc

.500

05/15/30

94,774

65,000

(b) Encore Capital Group Inc

.625

04/15/31

64,506

95,000

(b) FirstCash Inc

.875

03/01/32

98,575

110,000

(b) Freedom Mortgage Holdings LLC

.375

04/01/32

114,688

50,000

(b) Freedom Mortgage Holdings LLC

.875

04/01/33

51,360

60,000

(b) Icahn Enterprises LP / Icahn Enterprises Finance Corp

.000

11/15/29

60,220

165,000

Icahn Enterprises LP / Icahn Enterprises Finance Corp

.250

05/15/27

162,145

100,000

(b) Jane Street Group / JSG Finance Inc

.125

11/01/32

101,758

230,000

OneMain Finance Corp

.625

05/15/29

236,522

20,000

OneMain Finance Corp

.125

05/15/30

20,235

45,000

(b) Osaic Holdings Inc

.750

08/01/32

46,489

100,000

(b) PennyMac Financial Services Inc

.125

11/15/30

104,698

60,000

(b) PennyMac Financial Services Inc

.875

12/15/29

63,759

55,000

(b) Rocket Cos Inc

.375

08/01/33

57,295

125,000

(b) Starwood Property Trust Inc

.000

04/15/30

127,663

60,000

(b) UWM Holdings LLC

.625

02/01/30

61,127

150,000

(b),(c)

VistaJet Malta Finance PLC / Vista Management Holding Inc

.375

02/01/30

144,870

35,000

(b) Walker & Dunlop Inc

.625

04/01/33

35,817

80,000

(b) WEX Inc

.500

03/15/33

81,813

TOTAL FINANCIAL SERVICES

2,108,247

FOOD, BEVERAGE & TOBACCO - 1.9%

115,000

(b) Darling Ingredients Inc

.000

06/15/30

116,230

100,000

(b) Post Holdings Inc

.375

03/01/33

101,279

130,000

(b) Viking Baked Goods Acquisition Corp

.625

11/01/31

130,438

TOTAL FOOD, BEVERAGE & TOBACCO

347,947

HEALTH CARE EQUIPMENT & SERVICES - 5.9%

125,000

(b) CHS/Community Health Systems Inc

.875

01/15/32

134,754

50,000

(b) CHS/Community Health Systems Inc

.750

01/15/34

52,939

95,000

(b) DaVita Inc

.625

06/01/30

91,737

100,000

(b) DaVita Inc

.875

09/01/32

103,593

90,000

(b) DaVita Inc

.750

07/15/33

93,315

30,000

(b) Global Medical Response Inc

.375

10/01/32

31,390

130,000

(b) IQVIA Inc

.250

06/01/32

135,495

100,000

(b) LifePoint Health Inc

.375

02/15/32

107,979

#### Portfolio of Investments October 31, 2025
(continued)

#### High Yield

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

HEALTH CARE EQUIPMENT & SERVICES

(continued)

$

20,000

(b) Molina Healthcare Inc

.250

%

01/15/33

$

20,131

150,000

(b) Prime Healthcare Services Inc

.375

09/01/29

157,806

90,000

(b) Radiology Partners Inc

.500

07/15/32

93,597

65,000

(b) Team Health Holdings Inc

.375

06/30/28

65,695

TOTAL HEALTH CARE EQUIPMENT & SERVICES

1,088,431

HOUSEHOLD & PERSONAL PRODUCTS - 0.3%

60,000

(b) Coty Inc/HFC Prestige Products Inc/HFC Prestige International

US LLC

.625

07/15/30

61,384

TOTAL HOUSEHOLD & PERSONAL PRODUCTS

61,384

INSURANCE - 4.5%

35,000

(b) Acrisure LLC / Acrisure Finance Inc

.750

07/01/32

35,895

85,000

(b) Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer

.750

04/15/28

86,543

200,000

(b) Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer

.500

10/01/31

205,097

10,000

(b) APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC /

APH3 Somerset Inves

.875

11/01/29

10,300

200,000

(b) Ardonagh Finco Ltd

.750

02/15/31

209,190

110,000

(b) HUB International Ltd

.250

06/15/30

114,840

110,000

(b) Panther Escrow Issuer LLC

.125

06/01/31

113,683

50,000

(b) Ryan Specialty LLC

.875

08/01/32

50,834

TOTAL INSURANCE

826,382

MATERIALS - 5.3%

100,000

(b) Arsenal AIC Parent LLC

.000

10/01/30

106,235

130,000

(b) Avient Corp

.125

08/01/30

133,798

40,000

(b) Avient Corp

.250

11/01/31

40,838

60,000

(b) Compass Minerals International Inc

.000

07/01/30

62,443

20,000

(b) Methanex US Operations Inc

.250

03/15/32

20,345

110,000

(b) Mineral Resources Ltd

.000

11/01/27

112,346

120,000

(b) Mineral Resources Ltd

.250

10/01/28

125,821

10,000

(b) Mineral Resources Ltd

.000

04/01/31

10,353

85,000

(b) Olin Corp

.625

04/01/33

84,173

85,000

(b) Qnity Electronics Inc

.750

08/15/32

86,499

25,000

(b) Qnity Electronics Inc

.250

08/15/33

25,674

50,000

(b),(c)

Sealed Air Corp

.500

07/15/32

51,740

15,000

(b) Solstice Advanced Materials Inc

.625

09/30/33

15,012

100,000

(b) WR Grace Holdings LLC

.625

08/15/32

96,587

TOTAL MATERIALS

971,864

MEDIA & ENTERTAINMENT - 9.2%

285,000

(b) CCO Holdings LLC / CCO Holdings Capital Corp

.250

02/01/31

257,958

125,000

Charter Communications Operating LLC / Charter

Communications Operating Capital

.400

12/01/61

84,680

100,000

(b) CSC Holdings LLC

.500

04/15/27

92,788

55,000

(b) Directv Financing LLC

.875

02/01/30

54,674

120,000

(b) Directv Financing LLC / Directv Financing Co-Obligor Inc

.875

08/15/27

120,006

40,000

(b) DISH Network Corp

.750

11/15/27

42,111

65,000

(b) Gray Media Inc

.750

10/15/30

46,220

60,000

(b) Gray Media Inc

.250

08/15/33

58,744

75,000

(b) McGraw-Hill Education Inc

.375

09/01/31

76,969

55,000

(b),(c)

Scripps Escrow II Inc

.875

01/15/29

49,730

50,000

(b),(c)

Sirius XM Radio LLC

.875

09/01/31

45,364

200,000

(b) Sunrise FinCo I BV

.875

07/15/31

190,532

100,000

(b) Univision Communications Inc

.500

07/31/31

102,280

15,000

(b) Univision Communications Inc

.375

08/01/32

15,834

75,000

(b) Univision Communications Inc

.500

05/01/29

70,490

200,000

(b) Virgin Media Secured Finance PLC

.500

05/15/29

196,326

50,000

Warnermedia Holdings Inc

.141

03/15/52

38,000

75,000

Warnermedia Holdings Inc

.050

03/15/42

60,205

50,000

(c) Warnermedia Holdings Inc

.279

03/15/32

45,797

40,000

(b) Ziff Davis Inc

.625

10/15/30

37,608

TOTAL MEDIA & ENTERTAINMENT

1,686,316

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES - 0.9%

$

20,000

(b) 1261229 BC Ltd

.000

%

04/15/32

$

20,906

125,000

(b) Bausch Health Cos Inc

.875

06/01/28

113,750

35,000

(b),(c)

Organon & Co / Organon Foreign Debt Co-Issuer BV

.875

05/15/34

27,237

TOTAL PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES

161,893

REAL ESTATE MANAGEMENT & DEVELOPMENT - 0.9%

110,000

(b) Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp

.000

04/15/30

110,796

50,000

(b) Cushman & Wakefield US Borrower LLC

.750

05/15/28

50,398

TOTAL REAL ESTATE MANAGEMENT & DEVELOPMENT

161,194

SOFTWARE & SERVICES - 2.4%

150,000

(b) Ahead DB Holdings LLC

.625

05/01/28

151,107

20,000

(b) CoreWeave Inc

.250

06/01/30

20,194

55,000

(b) Fair Isaac Corp

.000

05/15/33

55,984

75,000

(b) Open Text Corp

.875

12/01/29

70,978

130,000

(b) Rocket Software Inc

.000

11/28/28

133,962

TOTAL SOFTWARE & SERVICES

432,225

TECHNOLOGY HARDWARE & EQUIPMENT - 0.5%

100,000

(b) Imola Merger Corp

.750

05/15/29

98,571

TOTAL TECHNOLOGY HARDWARE & EQUIPMENT

98,571

TELECOMMUNICATION SERVICES - 5.4%

154,020

(b) Altice France Lux 3 / Altice Holdings 1

.500

11/01/29

156,926

35,000

(b) Digicel International Finance Ltd / Difl US LLC

.625

08/01/32

34,842

200,000

(b) Holdco II SAS

.500

04/15/31

214,653

50,000

(b) Level 3 Financing Inc

.875

06/15/29

47,813

40,000

(b) Level 3 Financing Inc

.875

06/30/33

40,971

40,000

(b) Level 3 Financing Inc

.000

03/31/34

41,096

190,000

(b) Sable International Finance Ltd

.125

10/15/32

190,074

50,000

(b) Windstream Services LLC

.500

10/15/33

49,910

90,000

(b) Windstream Services LLC / Windstream Escrow Finance Corp

.250

10/01/31

91,903

20,000

(b) WULF COMPUTE LLC

.750

10/15/30

20,778

102,057

(b),(c)

Zayo Group Holdings Inc

.250

03/09/30

97,040

TOTAL TELECOMMUNICATION SERVICES

986,006

TRANSPORTATION - 0.7%

60,000

(b) Stonepeak Nile Parent LLC

.250

03/15/32

63,455

55,000

(b) XPO Inc

.125

06/01/31

57,426

TOTAL TRANSPORTATION

120,881

UTILITIES - 6.7%

55,000

(b) Alpha Generation LLC

.250

01/15/34

55,639

200,000

(b) ContourGlobal Power Holdings SA

.750

02/28/30

206,000

115,000

(b),(c)

Ferrellgas LP / Ferrellgas Finance Corp

.875

04/01/29

109,300

50,000

(b) Ferrellgas LP / Ferrellgas Finance Corp

.250

01/15/31

50,451

75,000

(b) NRG Energy Inc

.000

02/01/33

76,506

60,000

(b) NRG Energy Inc

.250

11/01/34

61,776

50,000

(b) NRG Energy Inc

.750

01/15/34

50,353

195,000

(b) Talen Energy Supply LLC

.625

06/01/30

206,921

45,000

(b) Talen Energy Supply LLC

.250

02/01/34

46,145

40,000

(b) Talen Energy Supply LLC

.500

02/01/36

41,428

130,000

(b) TerraForm Power Operating LLC

.000

01/31/28

129,520

85,000

(b) Vistra Operations Co LLC

.750

10/15/31

90,205

40,000

(b),(d)

VoltaGrid LLC

.375

11/01/30

40,682

20,000

(b) XPLR Infrastructure Operating Partners LP

.375

01/15/31

20,926

40,000

(b),(c)

XPLR Infrastructure Operating Partners LP

.625

03/15/33

41,969

TOTAL UTILITIES

1,227,821

TOTAL CORPORATE BONDS

(Cost $17,321,030)

17,715,268

#### Portfolio of Investments October 31, 2025
(continued)

#### High Yield

Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and in conformity with the

applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") related to interim filings. Part F of Form N-PORT does not

include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in

financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For

a full set of the Fund's notes to financial statements, please refer to the Fund's most recently filed annual or semi-annual report.

Fair Value Measurements

The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/

Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an

independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to

maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements

for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs

are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's assumptions about

the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the

circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit

spreads, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of

investments).

The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value

them:

SHARES

DESCRIPTION

VALUE

177,650

EXCHANGE-TRADED FUNDS - 1.0%

177,650

8,500

(c) Invesco Senior Loan ETF

$

177,650

TOTAL EXCHANGE-TRADED FUNDS

(Cost $179,478)

177,650

TOTAL LONG-TERM INVESTMENTS

(Cost $17,515,947)

17,907,902

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING - 7.7%

1,417,757

(f) State Street Navigator Securities Lending Government Money

Market Portfolio

4.060%(g)

1,417,757

TOTAL INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING

(Cost $1,417,757)

1,417,757

TOTAL INVESTMENTS - 105.5%

(Cost $18,933,704)

19,325,659

OTHER ASSETS & LIABILITIES, NET - (5.5)%

(1,010,618)

NET ASSETS - 100%

$

18,315,041

ETF

Exchange-Traded Fund

(a) Contains $1,000 Par Preferred and/or Contingent Capital Securities.

(b) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the fiscal period, the aggregate value of these securities is $16,630,326 or 86.1% of Total Investments.

(c) Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end

of the fiscal period was $1,339,787.

(d) When-issued or delayed delivery security.

(e) $1,000 Par Institutional Preferred security. As of the end of the period, the percent of $1,000 Par Institutional Preferred securities was

0.4% of Total Investments.

(f) Investments made with cash collateral received from securities on loan.

(g) The rate shown is the one-day yield as of the end of the reporting period.

High Yield

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Common Stocks

$

–

$

14,984

$

–

$

14,984

Corporate Bonds

–

17,715,268

–

17,715,268

Exchange-Traded Funds

177,650

–

–

177,650

Investments Purchased with Collateral from Securities

Lending

1,417,757

–

–

1,417,757

Total

$

1,595,407

$

17,730,252

$

–

$

19,325,659

#### Portfolio of Investments October 31, 2025

#### Preferred Securities and Income
(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM INVESTMENTS - 99.2%

17937134

CORPORATE BONDS - 96.3% (a)

17937134

AUTOMOBILES & COMPONENTS - 1.6%

$

300,000

(b),(c)

General Motors Financial Co Inc

.750

%

N/A

$

296,948

TOTAL AUTOMOBILES & COMPONENTS

296,948

BANKS - 46.8%

200,000

(b),(d)

Banco Bilbao Vizcaya Argentaria SA

.375

N/A

223,545

200,000

(b),(d),(e)

Banco Bilbao Vizcaya Argentaria SA

.750

N/A

213,387

200,000

(b),(d)

Banco Santander SA

.000

N/A

222,050

200,000

(b),(d)

Banco Santander SA

.625

N/A

243,869

500,000

(b),(c)

Bank of America Corp

.625

N/A

520,500

200,000

(c) Bank of Montreal

.300

11/26/84

212,872

200,000

(c) Bank of Nova Scotia/The

.875

10/27/85

201,841

200,000

(b),(d),(e)

Barclays PLC

.625

N/A

211,521

315,000

(b),(d)

Barclays PLC

.625

N/A

356,690

300,000

(b),(d),(f)

BNP Paribas SA

.450

N/A

311,933

275,000

(b),(d),(f)

BNP Paribas SA

.000

N/A

293,133

235,000

(b),(d),(f)

BNP Paribas SA

.250

N/A

250,077

200,000

(c) Canadian Imperial Bank of Commerce

.950

01/28/85

203,682

300,000

(b),(c)

Citigroup Inc

.625

N/A

313,890

175,000

(b),(c)

Citigroup Inc

.125

N/A

180,512

180,000

(b),(c)

Citigroup Inc

.875

N/A

185,467

200,000

(b),(d),(f)

Credit Agricole SA

.125

N/A

200,932

200,000

(b),(d),(f)

Credit Agricole SA

.125

N/A

206,124

100,000

(b),(c),(g)

First Citizens BancShares Inc/NC (TSFR3M + 4.234%)

.271

N/A

102,125

200,000

(b),(d)

HSBC Holdings PLC

.000

N/A

211,774

200,000

(b),(d)

HSBC Holdings PLC

.875

N/A

206,822

271,000

(b),(d),(e)

HSBC Holdings PLC

.950

N/A

285,876

66,000

(b),(c)

Huntington Bancshares Inc/OH

.250

N/A

65,380

200,000

(b),(d)

ING Groep NV

.000

N/A

207,443

200,000

(b),(d)

ING Groep NV, Reg S

.500

N/A

208,960

345,000

(b),(c)

JPMorgan Chase & Co

.500

N/A

358,071

200,000

(b),(d)

Lloyds Banking Group PLC

.000

N/A

216,374

150,000

(b),(c)

M&T Bank Corp

.125

N/A

149,245

200,000

(b),(d)

NatWest Group PLC

.125

N/A

225,251

330,000

(b),(d)

NatWest Group PLC

.000

N/A

330,450

200,000

(b),(d),(f)

Nordea Bank Abp

.750

N/A

206,427

280,000

(b),(c)

PNC Financial Services Group Inc/The

.200

N/A

284,520

225,000

(b),(c)

PNC Financial Services Group Inc/The

.250

N/A

230,864

220,000

(b),(d),(f)

Societe Generale SA

.375

N/A

235,720

150,000

(b),(d),(f)

Societe Generale SA

.000

N/A

165,989

200,000

(b),(d),(f)

Standard Chartered PLC

.750

N/A

207,298

200,000

(c) Toronto-Dominion Bank/The

.350

10/31/85

202,313

60,000

(b),(c)

Truist Financial Corp

.100

N/A

60,169

TOTAL BANKS

8,713,096

CAPITAL GOODS - 0.6%

119,000

(b),(c)

Air Lease Corp

.000

N/A

115,097

TOTAL CAPITAL GOODS

115,097

ENERGY - 10.3%

300,000

(c) Enbridge Inc

.625

01/15/83

325,047

300,000

(c) Enbridge Inc

.500

01/15/84

344,921

24,000

(b),(c)

Energy Transfer LP

.625

N/A

23,963

101,000

(b),(c)

Energy Transfer LP

.125

N/A

103,912

89,000

(b),(c)

Energy Transfer LP

.500

N/A

89,374

75,000

(c) Energy Transfer LP

.000

05/15/54

80,064

125,000

(c) Energy Transfer LP

.750

02/15/56

125,387

109,000

(c) South Bow Canadian Infrastructure Holdings Ltd

.500

03/01/55

116,604

145,000

(b),(c),(f)

Sunoco LP

.875

N/A

147,247

300,000

(c) Transcanada Trust

.500

09/15/79

298,723

180,000

(c) Transcanada Trust

.600

03/07/82

177,982

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ENERGY

(continued)

$

93,000

(b),(c),(f)

Venture Global LNG Inc

.000

%

N/A

$

86,924

TOTAL ENERGY

1,920,148

FINANCIAL SERVICES - 13.2%

287,000

(c) AerCap Ireland Capital DAC / AerCap Global Aviation Trust

.950

03/10/55

301,703

130,000

(b),(c)

Ally Financial Inc

.700

N/A

127,292

400,000

(h) Credit Suisse Group AG

.500

06/11/72

134,000

310,000

(h) Credit Suisse Group AG

.500

01/17/72

103,850

200,000

(b),(d)

Deutsche Bank AG, Reg S

.130

N/A

213,108

125,000

(b),(c)

Goldman Sachs Group Inc/The

.500

N/A

132,621

125,000

(b),(c)

Goldman Sachs Group Inc/The

.500

N/A

132,471

333,000

(b),(c)

Goldman Sachs Group Inc/The

.125

N/A

339,533

200,000

(b),(d)

Nomura Holdings Inc

.000

N/A

207,077

85,000

(b),(c)

State Street Corp

.700

N/A

88,356

200,000

(b),(d),(f)

UBS Group AG

.250

N/A

234,204

400,000

(b),(d),(f)

UBS Group AG

.250

N/A

435,878

TOTAL FINANCIAL SERVICES

2,450,093

HEALTH CARE EQUIPMENT & SERVICES - 0.9%

52,000

(c) CVS Health Corp

.750

12/10/54

54,040

100,000

(c) CVS Health Corp

.000

03/10/55

105,068

TOTAL HEALTH CARE EQUIPMENT & SERVICES

159,108

INSURANCE - 10.2%

67,000

(c) American National Group Inc

.000

12/01/55

68,424

300,000

(c) Assurant Inc

.000

03/27/48

308,192

197,000

(c) Corebridge Financial Inc

.375

09/15/54

202,830

170,000

(c),(f)

Enstar Group Ltd

.500

04/01/45

177,629

325,000

(c),(f)

MetLife Inc

.250

04/08/38

392,132

66,000

(c) MetLife Inc

.350

03/15/55

69,977

200,000

(b),(d)

Phoenix Group Holdings PLC, Reg S

.500

N/A

213,960

130,000

(c) Prudential Financial Inc

.500

03/15/54

138,447

340,000

(b),(c),(f)

SBL Holdings Inc

.500

N/A

326,520

TOTAL INSURANCE

1,898,111

MEDIA & ENTERTAINMENT - 1.6%

293,000

(b),(c),(f)

Farm Credit Bank of Texas

.750

N/A

306,017

TOTAL MEDIA & ENTERTAINMENT

306,017

TELECOMMUNICATION SERVICES - 2.9%

158,000

(c) Bell Telephone Co of Canada or Bell Canada

.000

09/15/55

166,064

110,000

(c) Rogers Communications Inc

.125

04/15/55

117,735

47,000

(c) TELUS Corp

.000

10/15/55

50,135

200,000

(c) Vodafone Group PLC

.000

04/04/79

211,036

TOTAL TELECOMMUNICATION SERVICES

544,970

UTILITIES - 8.2%

85,000

(c) AES Corp/The

.600

01/15/55

86,765

75,000

(c) AES Corp/The

.950

07/15/55

72,562

50,000

(c) CMS Energy Corp

.500

06/01/55

52,018

52,000

(c) Dominion Energy Inc

.000

06/01/54

56,800

49,000

(c) Duke Energy Corp

.450

09/01/54

51,806

65,000

(b),(c)

Edison International

.375

N/A

64,355

70,000

(c) Emera Inc

.750

06/15/76

70,334

115,000

(c) Entergy Corp

.125

12/01/54

120,820

147,000

(c) EUSHI Finance Inc

.625

12/15/54

154,564

172,000

(c) NextEra Energy Capital Holdings Inc

.750

06/15/54

186,028

64,000

(c) PG&E Corp

.375

03/15/55

65,826

163,000

(c) Sempra

.550

04/01/55

166,934

55,000

(c) Sempra

.375

04/01/56

56,513

325,000

(b),(c),(f)

Vistra Corp

.000

N/A

328,221

TOTAL UTILITIES

1,533,546

TOTAL CORPORATE BONDS

(Cost $17,406,802)

17,937,134

#### Portfolio of Investments October 31, 2025
(continued)

#### Preferred Securities and Income

Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and in conformity with the

applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") related to interim filings. Part F of Form N-PORT does not

include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in

financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For

a full set of the Fund's notes to financial statements, please refer to the Fund's most recently filed annual or semi-annual report.

Fair Value Measurements

The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/

Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an

independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to

maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements

for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs

are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's assumptions about

the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the

circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit

spreads, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

541,165

U.S. GOVERNMENT AND AGENCY OBLIGATIONS - 2.9%

541,165

$

540,000

(b) CoBank ACB

.450

%

N/A

$

541,165

TOTAL U.S. GOVERNMENT AND AGENCY OBLIGATIONS

(Cost $529,431)

541,165

TOTAL LONG-TERM INVESTMENTS

(Cost $17,936,233)

18,478,299

SHARES

DESCRIPTION

RATE

VALUE

INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING - 2.9%

544,974

(i) State Street Navigator Securities Lending Government Money

Market Portfolio

4.060 (j)

544,974

TOTAL INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING

(Cost $544,974)

544,974

TOTAL INVESTMENTS - 102.1%

(Cost $18,481,207)

19,023,273

OTHER ASSETS & LIABILITIES, NET - (2.1)%

(384,178)

NET ASSETS - 100%

$

18,639,095

Reg S

Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United States without registering

those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor from the

registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic issuers that are

made outside the United States.

TSFR3M

CME Term Secured Overnight Financing Rate 3 Month

(a) Contains $1,000 Par Preferred and/or Contingent Capital Securities.

(b) Perpetual security. Maturity date is not applicable.

(c) $1,000 Par Institutional Preferred security. As of the end of the period, the percent of $1,000 Par Institutional Preferred securities was

57.6% of Total Investments.

(d) Contingent Capital Securities ("CoCos") are debt or preferred securities with loss absorption characteristics built into the terms

of the security for the benefit of the issuer, for example an automatic write-down of principal or a mandatory conversion into the

issuer's common stock under certain adverse circumstances, such as the issuer's capital ratio falling below a specified level. As of

the end of the reporting period, the Fund's total investment in CoCos was 35.5% of Total Investments.

(e) Investment, or a portion of investment, is out on loan for securities lending. The total value of the securities out on loan as of the end

of the fiscal period was $532,395.

(f) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the fiscal period, the aggregate value of these securities is $4,512,405 or 23.7% of Total Investments.

(g) Floating or variable rate security includes the reference rate and spread, unless the variable rate is based on the underlying asset of

the security. Coupon rate reflects the rate at period end.

(h) For fair value measurement disclosure purposes, investment classified as Level 3.

(i) Investments made with cash collateral received from securities on loan.

(j) The rate shown is the one-day yield as of the end of the reporting period.

investments).

The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value

them:

Preferred Securities and Income

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Corporate Bonds

$

–

$

17,699,284

$

237,850

$

17,937,134

U.S. Government and Agency Obligations

–

541,165

–

541,165

Investments Purchased with Collateral from Securities

Lending

544,974

–

–

544,974

Total

$

544,974

$

18,240,449

$

237,850

$

19,023,273

#### Portfolio of Investments October 31, 2025

#### Securitized Credit
(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM INVESTMENTS - 99.1%

ASSET-BACKED SECURITIES - 17.0%

–

$

73,381

(a) Alterna Funding III LLC, Series 2024 1A

.260

%

05/16/39

$

73,448

76,861

(a) Alterna Funding III LLC, Series 2024 1A

.136

05/16/39

76,918

100,000

(a) Avis Budget Rental Car Funding AESOP LLC, Series 2024 1A

.850

06/20/30

103,725

350,000

(a),(b)

Boyce Park CLO Ltd, Series 2022 1A, (TSFR3M + 1.750%)

.367

04/21/35

350,710

150,000

(a) Brex Commercial Charge Card Master Trust, Series 2024 1

.680

07/15/27

150,471

97,583

(a) Cars Net Lease Mortgage Notes Series 2020-1, Series 2020 1A

.100

12/15/50

92,822

327,979

(a) CARS-DB7 LP, Series 2023 1A

.750

09/15/53

330,133

350,000

Carvana Auto Receivables Trust 2024-P4, Series 2024 P4

.000

02/10/31

355,735

250,000

(a) Domino's Pizza Master Issuer LLC, Series 2025 1A

.217

07/25/55

252,821

250,000

(a),(b)

Elmwood CLO 14 Ltd, Series 2022 1A, (TSFR3M + 1.700%)

.979

10/20/38

251,499

100,000

(a) Frontier Issuer LLC, Series 2023 1

.600

08/20/53

101,244

16,165

(a),(b)

Gracie Point International Funding, Series 2023 2A, (SOFR90A

+ 2.250%)

.606

03/01/27

16,196

100,000

(a) Hertz Vehicle Financing III LP, Series 2021 2A

.120

12/27/27

97,512

200,000

(a) HI-FI Music IP Issuer LP, Series 2022 1A

.939

02/01/62

197,197

82,086

(a) Hilton Grand Vacations Trust 2019-A, Series 2019 AA

.340

07/25/33

81,575

58,464

(a) Hilton Grand Vacations Trust 2024-2, Series 2024 2A

.500

03/25/38

59,646

291,306

(a) Horizon Aircraft Finance IV Ltd, Series 2024 1

.375

09/15/49

294,338

100,000

(a) Hotwire Funding LLC, Series 2024 1A

.893

06/20/54

101,537

200,000

(a) LAD Auto Receivables Trust 2024-3, Series 2024 3A

.740

01/15/30

201,262

199,713

(a) Lyra Music Assets Delaware LP, Series 2024 2A

.760

12/22/64

202,478

300,000

(a),(b)

Magnetite XXXVII Ltd, Series 2023 37A, (TSFR3M + 2.300%)

.184

10/20/36

300,015

250,000

(a) MetroNet Infrastructure Issuer LLC, Series 2025 2A

.400

08/20/55

252,960

114,475

(a) MVW 2020-1 LLC, Series 2020 1A

.740

10/20/37

112,073

500,000

(a),(b)

OHA Credit Funding 3 LTD, Series 2019 3A, (TSFR3M +

1.600%)

.484

01/20/38

501,244

250,000

(a),(b)

OHA Credit Funding 3 LTD, Series 2019 3A

.564

01/20/38

252,726

250,000

(a) Onemain Financial Issuance Trust 2025-1, Series 2025 1A

.200

07/14/38

252,671

250,000

(a) PenFed Auto Receivables Owner Trust 2022-A, Series 2022 A

.830

12/15/28

250,221

250,000

(a) RCKT Trust 2025-PL1, Series 2025 1A

.420

07/25/34

249,304

250,000

(a) Regional Management Issuance Trust 2024-2, Series 2024 2

.490

12/15/33

252,330

296,375

(a) Store Master Funding I-VII XIV XIX XX XXIV, Series 2023 1A

.190

06/20/53

298,253

250,000

(a) Taco Bell Funding LLC, Series 2025 1A

.821

08/25/55

248,751

260,000

(a) Tesla Auto Lease Trust 2023-B, Series 2023 B

.570

08/20/27

260,844

250,000

(a),(b)

Texas Debt Capital CLO 2024-I Ltd, Series 2024 1A, (TSFR3M +

1.950%)

.807

04/22/37

250,853

250,000

(a) Trinity Rail Leasing L.P, Series 2025 1A

.090

10/19/55

249,312

350,000

(a) VB-S1 Issuer LLC - VBTEL, Series 2024 1A

.590

05/15/54

351,516

250,000

(a) Zayo Issuer LLC, Series 2025 1A

.648

03/20/55

254,022

TOTAL ASSET-BACKED SECURITIES

(Cost $7,653,493)

7,728,362

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

255,997

CORPORATE BONDS - 0.6%

255,997

EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) - 0.6%

250,000

(a) SBA Tower Trust

.599

01/15/28

255,997

TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)

255,997

TOTAL CORPORATE BONDS

(Cost $254,205)

255,997

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MORTGAGE-BACKED SECURITIES - 81.5%

–

100,000

(b) BANK 2019-BNK20, Series 2019 BN20

.243

09/15/62

91,757

350,000

BANK 2019-BNK22, Series 2019 BN22

.210

11/15/62

327,636

300,000

(b) BANK 2019-BNK24, Series 2019 BN24

.283

11/15/62

281,139

295,000

(b) BANK 2021-BNK31, Series 2021 BN31

.211

02/15/54

256,367

200,000

(b) BANK 2023-BNK46, Series 2023 BNK46

.385

08/15/56

215,269

200,000

(b) BANK 2024-BNK48, Series 2024 BNK48

.355

10/15/57

203,278

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MORTGAGE-BACKED SECURITIES

(continued)

$

72,060

(a),(b)

Bayview MSR Opportunity Master Fund Trust 2021-INV4, Series

2021 4

.500

%

10/25/51

$

59,919

30,000

(b) BBCMS Mortgage Trust 2023-C20, Series 2023 C20

.973

07/15/56

31,622

200,000

BBCMS Mortgage Trust 2024-C24, Series 2024 C24

.867

02/15/57

210,754

255,000

Benchmark 2018-B8 Mortgage Trust, Series 2018 B8

.232

01/15/52

252,103

500,000

Benchmark 2019-B11 Mortgage Trust, Series 2019 B11

.784

05/15/52

452,256

350,000

Benchmark 2019-B12 Mortgage Trust, Series B12

.419

08/15/52

326,460

300,000

Benchmark 2019-B14 Mortgage Trust, Series 2019 B14

.352

12/15/62

272,221

199,000

(b) Benchmark 2019-B15 Mortgage Trust, Series 2019 B15

.714

12/15/72

159,357

200,000

Benchmark 2019-B9 Mortgage Trust, Series B9

.016

03/15/52

196,286

105,000

(a),(b)

Benchmark 2020-IG3 Mortgage Trust, Series 2020 IG3

.100

09/15/48

87,392

300,000

Benchmark 2021-B24 Mortgage Trust, Series 2021 B24

.584

03/15/54

269,009

100,000

Benchmark 2021-B28 Mortgage Trust, Series 2021 B28

.429

08/15/54

86,624

155,000

(b) Benchmark 2024-V10 Mortgage Trust, Series 2024 V10

.725

09/15/57

159,605

200,000

(b) BMO 2022-C3 MORTGAGE TRUST, Series 2022 C3

.325

09/15/54

204,732

200,000

(b) BMO 2023-C5 Mortgage Trust, Series 2023 C5

.162

06/15/56

211,284

250,000

(b) BMO 2025-C12 Mortgage Trust, Series 2025 C12

.195

06/15/58

268,678

219,911

(a),(b)

BX Commercial Mortgage Trust 2021-CIP, Series 2021 CIP,

(TSFR1M + 1.385%)

.417

12/15/38

219,524

250,000

(a),(b)

BX Trust 2021-VIEW, Series 2021 VIEW, (TSFR1M + 1.394%)

.426

06/15/36

249,748

569,943

(a) CAMB Commercial Mortgage Trust 2021-CX2, Series 2021

CX2

.700

11/10/46

493,166

200,000

(b) CD 2017-CD4 Mortgage Trust, Series 2017 CD4

.514

05/10/50

197,549

200,000

(b) Citigroup Commercial Mortgage Trust 2016-C3, Series 2016

C3

.366

11/15/49

194,721

295,000

(b) COMM 2018-COR3 Mortgage Trust, Series 2018 COR3

.516

05/10/51

251,741

300,000

(a),(b)

Connecticut Avenue Securities Trust 2022-R05, Series 2022

R05, (SOFR30A + 3.000%)

.183

04/25/42

307,544

300,000

(a),(b)

Connecticut Avenue Securities Trust 2022-R07, Series 2022

R07, (SOFR30A + 4.650%)

.833

06/25/42

317,069

240,000

(a),(b)

Connecticut Avenue Securities Trust 2022-R09, Series 2022

R09, (SOFR30A + 4.750%)

.933

09/25/42

255,538

315,000

(a),(b)

Connecticut Avenue Securities Trust 2023-R01, Series 2023

R01, (SOFR30A + 3.750%)

.106

12/25/42

331,085

125,000

(a),(b)

Connecticut Avenue Securities Trust 2023-R08, Series 2023

R08, (SOFR30A + 2.500%)

.683

10/25/43

128,134

125,000

(a),(b)

Connecticut Avenue Securities Trust 2024-R02, Series 2024

R02, (SOFR30A + 1.800%)

.150

02/25/44

126,039

45,000

(b) CSAIL 2017-CX10 Commercial Mortgage Trust, Series 2017

CX10

.458

11/15/50

43,665

200,000

CSAIL 2019-C17 Commercial Mortgage Trust, Series 2019 C17

.278

09/15/52

180,896

200,000

CSAIL 2020-C19 Commercial Mortgage Trust, Series 2020 C19

.971

03/15/53

174,920

250,000

DBJPM 20-C9 Mortgage Trust, Series 2020 C9

.926

08/15/53

222,898

27,431

(a) DBWF Mortgage Trust, Series 2015 LCM

.998

06/10/34

27,032

200,000

(a),(b)

DTP Commercial Mortgage Trust 2023-STE2, Series 2023 STE2

.038

01/15/41

205,466

500,000

(a),(b)

EQT Trust 2024-EXTR, Series 2024 EXTR

.331

07/05/41

511,913

375,770

Fannie Mae Pool, FN MA4701, Series 2022 1

.500

08/01/52

367,956

121,945

Fannie Mae Pool, FN MA4842, Series 2022 1

.500

12/01/52

123,899

575,240

Fannie Mae Pool, FN MA4805, Series 2022 1

.500

11/01/52

563,100

72,526

Fannie Mae Pool, FN MA4804

.000

11/01/52

69,194

424,954

Fannie Mae Pool, FN MA4732

.000

09/01/52

405,462

80,269

Fannie Mae Pool, FN MA4761

.000

09/01/52

80,250

416,439

Fannie Mae Pool, FN MA4737, Series 2022 1

.000

08/01/52

416,340

743,634

Fannie Mae Pool, FN MA4733

.500

09/01/52

728,171

160,222

Fannie Mae Pool, FN MA4918

.000

02/01/53

160,151

766,123

Fannie Mae Pool, FN MA4784

.500

10/01/52

750,666

309,991

Fannie Mae Pool, FN MA4919

.500

02/01/53

314,540

450,550

Fannie Mae Pool, FN MA5106

.000

08/01/53

449,955

958,275

Fannie Mae Pool, FN MA4978

.000

04/01/53

957,750

149,716

Fannie Mae Pool, FN MA5039

.500

06/01/53

151,774

501,241

Fannie Mae Pool, FN MA5070

.500

07/01/53

490,196

76,323

Fannie Mae Pool, FN MA5107

.500

08/01/53

77,122

2,079,897

Fannie Mae Pool, FN MA5165

.500

10/01/53

2,107,255

#### Portfolio of Investments October 31, 2025
(continued)

#### Securitized Credit

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MORTGAGE-BACKED SECURITIES

(continued)

$

378,715

Fannie Mae Pool, FN MA5247

.000

%

01/01/54

$

387,757

232,895

Fannie Mae Pool, FN MA5295

.000

03/01/54

238,582

855,845

Fannie Mae Pool, FN MA5331

.500

04/01/54

865,793

915,069

Fannie Mae Pool, FN MA5353

.500

05/01/54

925,706

96,813

Fannie Mae Pool, FN MA4920

.000

02/01/53

99,259

499,170

Fannie Mae Pool, FN MA4700, Series 2022 1

.000

08/01/52

475,904

126,871

Fannie Mae Pool, FN MA4783

.000

10/01/52

120,962

1,380,949

Fannie Mae Pool, FN MA4626

.000

06/01/52

1,317,403

155,634

Fannie Mae Pool, FN 310210, Series 2022 1

.000

05/01/44

151,949

100,040

Fannie Mae Pool, FN CB1301

.500

08/01/51

86,154

205,835

Fannie Mae Pool, FN CB2804

.500

02/01/52

177,518

226,683

Fannie Mae Pool, FN CB3905

.500

06/01/52

209,693

113,872

Fannie Mae Pool, FN FA0197

.000

02/01/54

108,502

466,093

Fannie Mae Pool, FN FS1535

.000

04/01/52

417,709

69,080

Fannie Mae Pool, FN FS5179

.000

06/01/53

69,487

400,065

Fannie Mae Pool, FN MA4655

.000

07/01/52

381,417

313,486

Fannie Mae Pool, FN MA4512

.500

01/01/52

267,475

345,805

Fannie Mae Pool, FN MA4548

.500

02/01/52

295,087

204,462

Fannie Mae Pool, FN MA4578

.500

04/01/52

174,514

1,781,419

Fannie Mae Pool, FN MA4579

.000

04/01/52

1,588,856

3,132

Fannie Mae Pool, FN MA4600, Series 2022 2

.500

05/01/52

2,892

86,914

Fannie Mae Pool, FN FS7299

.000

05/01/52

77,941

79,339

Fannie Mae REMICS, Series 2022 18

.500

04/25/52

62,552

91,745

(a),(b)

Flagstar Mortgage Trust 2021-10INV, Series 2021 10IN

.499

10/25/51

76,483

90,831

(a),(b)

Flagstar Mortgage Trust 2021-5INV, Series 2021 5INV

.340

07/25/51

75,348

276,150

(a),(b)

Flagstar Mortgage Trust 2021-8INV, Series 2021 8INV

.508

09/25/51

233,025

267,570

Freddie Mac Pool, FR SD8231

.500

07/01/52

261,742

1,210,880

Freddie Mac Pool, FR SD8329

.000

06/01/53

1,209,905

174,863

Freddie Mac Pool, FR RA9629

.500

08/01/53

177,219

36,752

Freddie Mac Pool, FR RA7211, Series 2022 1

.000

04/01/52

35,045

550,233

Freddie Mac Pool, FR RA6766

.500

02/01/52

474,540

27,719

Freddie Mac REMICS, Series 2020 5017

.000

09/25/50

19,260

46,011

Freddie Mac REMICS, Series 2018 4776

.000

03/15/48

44,090

36,144

Freddie Mac REMICS, Series 2018 4783

.000

04/15/48

34,495

87,000

(a),(b)

Freddie Mac STACR REMIC Trust 2022-DNA5, Series 2022

DNA5, (SOFR30A + 4.500%)

.683

06/25/42

91,894

285,000

(a),(b)

Freddie Mac STACR REMIC Trust 2022-HQA2, Series 2022

HQA2, (SOFR30A + 4.000%)

.183

07/25/42

299,608

300,000

(a),(b)

Freddie Mac STACR REMIC Trust 2022-HQA3, Series 2022

HQA3, (SOFR30A + 3.550%)

.733

08/25/42

313,898

233,034

Ginnie Mae II Pool, G2 MA8724

.500

03/20/53

228,858

57,900

Ginnie Mae II Pool, G2 MA8428

.000

11/20/52

58,063

99,319

Ginnie Mae II Pool, G2 MA8201

.500

08/20/52

97,678

53,252

Ginnie Mae II Pool, G2 MA7419, Series 2021 MTGE

.000

06/20/51

47,909

302,044

Ginnie Mae II Pool, G2 MA8149

.500

07/20/52

279,110

69,148

Ginnie Mae II Pool, G2 MA7768, Series 2021 1

.000

12/20/51

62,174

215,208

Ginnie Mae II Pool, G2 MA8200

.000

08/20/52

205,562

106,707

Government National Mortgage Association, Series 2023 111

.000

02/20/52

74,171

575,000

GS Mortgage Securities Trust 2017-GS6, Series 2017 GS6

.638

05/10/50

548,083

45,000

GS Mortgage Securities Trust 2019-GSA1, Series 2019 GSA1

.340

11/10/52

42,586

220,475

(a),(b)

GS Mortgage-Backed Securities Trust 2021-PJ6, Series 2021

PJ6

.500

11/25/51

183,261

83,178

(a),(b)

GS Mortgage-Backed Securities Trust 2023-PJ1, Series 2023

PJ1

.500

02/25/53

74,605

75,485

(a),(b)

J.P. Morgan Mortgage Trust 2021-15, Series 2021 15

.500

06/25/52

62,744

179,102

(a),(b)

J.P. Morgan Mortgage Trust 2021-INV5, Series 2021 INV5

.186

12/25/51

151,886

396,554

(a),(b)

J.P. Morgan Mortgage Trust 2022-6, Series 2022 6

.000

11/25/52

344,265

210,645

(a),(b)

JP Morgan Mortgage Trust 2017-2, Series 2

.500

05/25/47

191,709

211,427

(a),(b)

JP Morgan Mortgage Trust 2017-5, Series 2017 5

.963

10/26/48

211,664

78,082

(a),(b)

JP Morgan Mortgage Trust 2018-4, Series 2018 4

.500

10/25/48

70,525

225,129

(a),(b)

JP MORGAN MORTGAGE TRUST 2018-5, Series 2018 5

.500

10/25/48

203,314

235,678

(a),(b)

JP Morgan Mortgage Trust 2020-1, Series 2020 1

.822

06/25/50

214,087

Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and in conformity with the

applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") related to interim filings. Part F of Form N-PORT does not

include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in

financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For

a full set of the Fund's notes to financial statements, please refer to the Fund's most recently filed annual or semi-annual report.

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MORTGAGE-BACKED SECURITIES

(continued)

$

360,196

(a),(b)

JP Morgan Mortgage Trust 2020-7, Series 2020 7

.000

%

01/25/51

$

314,052

287,185

(a),(b)

JP Morgan Mortgage Trust 2021-11, Series 2021 11

.500

01/25/52

238,710

22,216

(a),(b)

JP Morgan Mortgage Trust 2021-4, Series 2021 4

.879

08/25/51

18,175

106,821

(a),(b)

JP Morgan Mortgage Trust 2021-7, Series 2021 7

.500

11/25/51

88,832

90,009

(a),(b)

JP Morgan Mortgage Trust 2021-INV4, Series 2021 INV4

.208

01/25/52

73,648

90,139

(a),(b)

JP Morgan Mortgage Trust 2021-INV6, Series 2021 INV6

.344

04/25/52

74,559

74,109

(a),(b)

JP Morgan Mortgage Trust 2022-LTV1, Series 2022 LTV1

.250

07/25/52

66,696

250,000

(b) JPMBB Commercial Mortgage Securities Trust 2014-C23,

Series 2014 C23

.537

09/15/47

242,738

100,000

JPMCC Commercial Mortgage Securities Trust 2019-COR4,

Series 2019 COR4

.290

03/10/52

95,259

345,000

JPMDB Commercial Mortgage Securities Trust 2016-C2, Series

2016 C2

.144

06/15/49

341,764

200,000

(a),(b)

KRE Commercial Mortgage Trust 2025-AIP4, Series 2025 AIP4,

(TSFR1M + 1.300%)

.332

03/15/42

200,012

100,000

Morgan Stanley Capital I Trust 2019-H7, Series 2019 H7

.524

07/15/52

95,157

71,663

(a),(b)

Morgan Stanley Residential Mortgage Loan Trust 2021-5,

Series 2021 5

.500

08/25/51

59,588

246,116

(a),(b)

Morgan Stanley Residential Mortgage Loan Trust 2023-1,

Series 2023 1

.000

02/25/53

227,987

250,000

(a) Natixis Commercial Mortgage Securities Trust 2019-LVL, Series

2019 LVL

.885

08/15/38

242,906

254,022

(a),(b)

OBX 2022-INV5 Trust, Series 2022 INV5

.000

10/25/52

234,682

78,350

(a),(b)

Oceanview Mortgage Trust 2022-1, Series 2022 1

.500

11/25/52

75,271

400,000

(a) One Bryant Park Trust 2019-OBP, Series 2019 OBP

.516

09/15/54

369,460

200,000

(a),(b)

ONNI Commerical Mortgage Trust 2024-APT, Series 2024 APT

.567

07/15/39

204,087

250,776

(a),(b)

RCKT Mortgage Trust 2022-4, Series 2022 4

.000

06/25/52

231,684

100,000

(a),(b)

SCG Trust 2025-SNIP, Series 2025 SNIP, (TSFR1M + 1.500%)

.532

09/15/42

100,290

205,255

(a),(b)

Sequoia Mortgage Trust 2020-1, Series 2020 1

.852

02/25/50

164,819

69,953

(a),(b)

Sequoia Mortgage Trust 2021-4, Series 2021 4

.500

06/25/51

58,566

45,000

UBS Commercial Mortgage Trust 2017-C5, Series 2017 C5

.474

11/15/50

43,710

250,000

(b) UBS Commercial Mortgage Trust 2018-C11, Series 2018 C11

.492

06/15/51

243,852

100,000

(a),(b)

Verus Securitization Trust 2023-INV1, Series 2023 INV1

.467

02/25/68

100,129

165,000

(b) Wells Fargo Commercial Mortgage Trust 2017-C38, Series

2017 C38

.917

07/15/50

156,569

90,000

Wells Fargo Commercial Mortgage Trust 2018-C46, Series

2018 C46

.382

08/15/51

88,969

100,000

Wells Fargo Commercial Mortgage Trust 2021-C61, Series

2021 C61

.861

11/15/54

88,761

TOTAL MORTGAGE-BACKED SECURITIES

(Cost $35,836,968)

37,019,027

TOTAL LONG-TERM INVESTMENTS

(Cost $43,744,666)

45,003,386

OTHER ASSETS & LIABILITIES, NET - 0.9%

416,112

NET ASSETS - 100%

$

45,419,498

SOFR30A

30 Day Average Secured Overnight Financing Rate

SOFR90A

90 Day Average Secured Overnight Financing Rate

TSFR1M

CME Term Secured Overnight Financing Rate 1 Month

TSFR3M

CME Term Secured Overnight Financing Rate 3 Month

(a) Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid

and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.

As of the end of the fiscal period, the aggregate value of these securities is $16,890,662 or 37.5% of Total Investments.

(b) Floating or variable rate security includes the reference rate and spread, unless the variable rate is based on the underlying asset of

the security. Coupon rate reflects the rate at period end.

#### Portfolio of Investments October 31, 2025
(continued)

#### Securitized Credit

Fair Value Measurements

The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/

Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an

independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to

maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements

for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs

are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's assumptions about

the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the

circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit

spreads, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of

investments).

The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value

them:

Securitized Credit

Level 1

Level 2

Level 3

Total

Long-Term Investments:

Asset-Backed Securities

$

–

$

7,728,362

$

–

$

7,728,362

Corporate Bonds

–

255,997

–

255,997

Mortgage-Backed Securities

–

37,019,027

–

37,019,027

Total

$

–

$

45,003,386

$

–

$

45,003,386

#### Portfolio of Investments October 31, 2025

#### Ultra Short Municipal
(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM INVESTMENTS - 99.5%

9945000

MUNICIPAL BONDS - 99.5%

9945000

ARIZONA - 1.0%

$

100,000

(a),(b)

Arizona Health Facilities Authority, Hospital Revenue Bonds,

Banner Health Systems, Varibale Rate Demand Obligations,

Series 2015C

.900

%

01/01/46

$

100,000

TOTAL ARIZONA

100,000

CALIFORNIA - 6.4%

325,000

(a),(b)

California Statewide Communities Development Authority,

Revenue Bonds, Rady Children's Hospital of San Diego,

Variable Rate Revenue Bonds, Series 2008B

.000

08/15/47

325,000

315,000

(a),(b)

Irvine Ranch Water District, California, Certificates of

Participation, Series 2009S

.950

10/01/41

315,000

TOTAL CALIFORNIA

640,000

COLORADO - 5.9%

335,000

(a),(b)

Colorado Health Facilities Authority, Colorado, Revenue Bonds,

Children's Hospital Colorado Project, Refunding Series 2020A

.350

12/01/52

335,000

260,000

(a),(b)

Colorado Health Facilities Authority, Revenue Bonds,

Boulder Community Hospital Project, Variable Rate Demand

Obligations Series 2000

.230

10/01/30

260,000

TOTAL COLORADO

595,000

CONNECTICUT - 6.7%

335,000

(a),(b)

Connecticut Health and Educational Facilities Authority,

Revenue Bonds, Yale University, Series 2013A

.300

07/01/42

335,000

335,000

(a),(b)

Connecticut Housing Finance Authority, Housing Mortgage

Finance Program Bonds, Series 2016A-3

.200

11/15/45

335,000

TOTAL CONNECTICUT

670,000

DISTRICT OF COLUMBIA - 6.3%

300,000

(a),(b)

District of Columbia, Multimodal Revenue Bonds, Carnegie

Endowment for International Peace, Series 2010

.200

11/01/45

300,000

335,000

(a),(b)

Metropolitan Washington D.C. Airports Authority, Airport

System Revenue Bonds, Series 2010D

.320

10/01/40

335,000

TOTAL DISTRICT OF COLUMBIA

635,000

FLORIDA - 3.0%

300,000

(a),(b)

JEA, Florida, Water and Sewerage System Revenue Bonds,

Variable Rate Demand Obligations Series 2008A-1 & 2008A-2

.230

10/01/42

300,000

TOTAL FLORIDA

300,000

INDIANA - 5.7%

240,000

(a),(b)

Indiana Finance Authority, Health System Revenue Bonds,

Sisters of Saint Francis Health Services, Inc. Obligated Group,

Refunding Series 2008J

.900

11/01/37

240,000

335,000

(a),(b)

Indiana Housing and Community Development Authority,

Single Family Mortgage Revenue Bonds, Series 2017C-3

.000

07/01/47

335,000

TOTAL INDIANA

575,000

LOUISIANA - 3.4%

335,000

(a),(b)

Louisiana State, Gasoline and Fuels Tax Second Lien Revenue

Bonds, Refunding Series 2023A-2

.000

05/01/43

335,000

TOTAL LOUISIANA

335,000

MARYLAND - 2.0%

200,000

(a),(b)

Maryland Health and Higher Educational Facilities Authority,

Revenue Bonds, Johns Hopkins Health System, Series 2024B

.950

06/01/46

200,000

TOTAL MARYLAND

200,000

MASSACHUSETTS - 3.0%

300,000

(a) Massachusetts Development Finance Agency, Revenue Bonds,

Boston University, Series 2008U-6E

.500

10/01/42

300,000

TOTAL MASSACHUSETTS

300,000

MICHIGAN - 2.5%

250,000

(a),(b)

Michigan Housing Development Authority, Single Family

Mortgage Revenue Bonds, Social Series 2022B

.150

06/01/46

250,000

TOTAL MICHIGAN

250,000

#### Portfolio of Investments October 31, 2025
(continued)

#### Ultra Short Municipal

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MISSOURI - 3.0%

$

300,000

(a),(b)

Missouri Health and Educational Facilities Authority, Revenue

Bonds, Washington University, Variable Rate Demand

Obligations, Series 2000B

.750

%

03/01/40

$

300,000

TOTAL MISSOURI

300,000

NEW YORK - 13.4%

335,000

(a),(b)

New York City Municipal Water Finance Authority, New York,

Water and Sewer System Second General Resolution Revenue

Bonds, Fiscal 2014 Adjustable Rate Series AA-6

.800

06/15/48

335,000

335,000

(a),(b)

New York City Transitional Finance Authority, New York, Future

Tax Secured Bonds, Subordinate Fiscal 2013 Series A-4

.900

08/01/39

335,000

335,000

(a),(b)

New York City, New York, General Obligation Bonds, Subseries

G-6 Fiscal Series 2012

.000

04/01/42

335,000

335,000

(a),(b)

New York State Housing Finance Agency, 316 Eleventh Avenue

Housing Revenue Bonds, Variable Rate Demand Obligation

Series 2009A

.350

05/15/41

335,000

TOTAL NEW YORK

1,340,000

NORTH CAROLINA - 3.3%

330,000

(a),(b)

Charlotte-Mecklenburg Hospital Authority, North Carolina,

Health Care Revenue Bonds, DBA Carolinas HealthCare

System, Variable Rate Demand Series 2007E - AGM Insured

.000

01/15/44

330,000

TOTAL NORTH CAROLINA

330,000

OHIO - 3.4%

335,000

(a),(b)

Ohio Water Development Authority, Water Pollution Control

Loan Fund Revenue Bonds, Series 2024C

.000

12/01/54

335,000

TOTAL OHIO

335,000

OREGON - 2.9%

290,000

(a),(b)

Oregon State, General Obligation Bonds, Veteran's Welfare

Series 110 Series 2022E

.900

06/01/45

290,000

TOTAL OREGON

290,000

PENNSYLVANIA - 3.4%

335,000

(a),(b)

Pennsylvania Turnpike Commission, Turnpike Revenue Bonds,

Variable Rate Series 2020

.320

12/01/39

335,000

TOTAL PENNSYLVANIA

335,000

TENNESSEE - 3.4%

335,000

(a),(b)

Metropolitan Government of Nashville and Davidson County

Industrial Development Board, Tennessee, Multifamily Housing

Revenue Bonds, Summit Apartments Project, Refunding Series

2006

.250

07/15/36

335,000

TOTAL TENNESSEE

335,000

TEXAS - 8.4%

200,000

(a),(b)

Harris County Cultural Education Facilities Finance

Corporation, Texas, Hospital Revenue Bonds, Texas Children's

Hospital, Series 2015-3

.200

10/01/45

200,000

335,000

(a),(b)

Houston, Texas, Combined Utility System Revenue Bonds,

Refunding First Lien Series 2018C

.270

05/15/34

335,000

305,000

(a),(b)

Texas State, General Obligation Veterans Bonds, Series 2020

.450

12/01/50

305,000

TOTAL TEXAS

840,000

VIRGINIA - 6.0%

355,000

(a),(b)

Fairfax County Economic Development Authority, Virginia,

Revenue Bonds, Smithsonian Institution, Series 2003B

.350

12/01/33

355,000

250,000

(a),(b)

Loudoun County Industrial Development Authority, Virginia,

Revenue Bonds, Howard Hughes Medical Institute, Variable

Rate Demand Obligations, Series 2003D

.150

02/15/38

250,000

TOTAL VIRGINIA

605,000

WASHINGTON - 3.0%

300,000

(a),(b)

Washington State Housing Finance Commission, Single Family

Program Bonds, Series 2016VR-1N

.200

12/01/46

300,000

TOTAL WASHINGTON

300,000

Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and in conformity with the

applicable rules and regulations of the U.S. Securities and Exchange Commission ("SEC") related to interim filings. Part F of Form N-PORT does not

include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in

financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For

a full set of the Fund's notes to financial statements, please refer to the Fund's most recently filed annual or semi-annual report.

Fair Value Measurements

The Fund's investments in securities are recorded at their estimated fair value utilizing valuation methods approved by the Board of Directors/

Trustees. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an

independent buyer in the principal or most advantageous market for the investment. U.S. GAAP establishes the three-tier hierarchy which is used to

maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements

for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs

are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management's assumptions about

the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the

circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit

spreads, etc.).

Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of

investments).

The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value

them:

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

WISCONSIN - 3.4%

$

335,000

(a),(b)

Wisconsin Housing and Economic Development Authority,

Housing Revenue Bonds, Series 2009A

.220

%

05/01/42

$

335,000

TOTAL WISCONSIN

335,000

TOTAL MUNICIPAL BONDS

(Cost $9,945,000)

9,945,000

TOTAL SHORT-TERM INVESTMENTS

(Cost $9,945,000)

9,945,000

TOTAL INVESTMENTS - 99.5%

(Cost $9,945,000)

9,945,000

OTHER ASSETS & LIABILITIES, NET - 0.5%

55,000

NET ASSETS - 100%

$

10,000,000

(a) Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term

investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect as of the end of the

reporting period. This rate changes periodically based on market conditions or a specified market index.

(b) Floating or variable rate security includes the reference rate and spread, unless the variable rate is based on the underlying asset of

the security. Coupon rate reflects the rate at period end.

Ultra Short Municipal

Level 1

Level 2

Level 3

Total

Short-Term Investments:

Municipal Bonds

–

9,945,000

–

9,945,000

Total

$

–

$

9,945,000

$

–

$

9,945,000

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Nuveen Managed Accounts Portfolio Trust

- **b. Investment Company Act file number:** 811-22023

- **c. CIK number of Registrant:** 0001390204

- **d. LEI of Registrant:** 549300UCXWPJD55OUC23

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 333 W. Wacker Dr

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-917-7700

**Item A.2. Information about the Series.**

- **a. Name of Series:** Nuveen Core Impact Bond Managed Accounts Portfolio

- **b. EDGAR series identifier (if any):** S000068798

- **c. LEI of Series:** 549300DPVMJNLHLJHC60

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $19590389.00

**Total Liabilities:** $117647.00

**Net Assets:** $19472742.00

**Cash Not Reported:** $10402.00

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -1.30000000 | **1-Year:** -365.37000000 | **5-Year:** -1623.61000000 | **10-Year:** -3783.87000000 | **30-Year:** -5864.27000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -5.50000000 | **1-Year:** -145.95000000 | **5-Year:** -290.34000000 | **10-Year:** -247.14000000 | **30-Year:** -83.29000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000219780 | 1.05%                | 1.43%                | 0.66%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $10369.30                | $145669.53                                 |
| Month 2  | $4538.70                 | $173973.53                                 |
| Month 3  | $-27313.61               | $76588.37                                  |

### Schedule of Portfolio Investments

| Name                                                                                                                                                   | Title                                                                                                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NYC Commercial Mortgage Trust 2025-300P                                                                                                                | NYC Commercial Mortgage Trust 2025-300P                                                                                                                | CUSIP: 67121TAA7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    150000 | PA      | $150825.39    | 0.77%             | 2042-07-13      | Variable      | 4.88%                 | Yes           |                  2 | On Loan: No      |
| VISTRA CORP                                                                                                                                            | Vistra Corp                                                                                                                                            | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100991.20    | 0.52%             | N/A             | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Ginnie Mae II Pool                                                                                                                                     | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36179YRH9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |     43377 | PA      | $43888.25     | 0.23%             | 2054-02-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                                                                                             | Fannie Mae Pool                                                                                                                                        | CUSIP: 31418EGT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5161 | PA      | $5159.57      | 0.03%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AIR PRODUCTS & CHEMICALS                                                                                                                               | Air Products and Chemicals Inc                                                                                                                         | CUSIP: 009158BF2<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |    350000 | PA      | $356092.19    | 1.83%             | 2033-03-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                                                                                                                                 | Mosaic Solar Loan Trust 2020-2                                                                                                                         | CUSIP: 61946PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     92911 | PA      | $78312.35     | 0.40%             | 2046-08-20      | Fixed         | 1.44%                 | Yes           |                  2 | On Loan: No      |
| Tesla Auto Lease Trust 2024-B                                                                                                                          | Tesla Auto Lease Trust 2024-B                                                                                                                          | CUSIP: 881934AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250961.28    | 1.29%             | 2027-10-20      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36179W5C8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |     53060 | PA      | $47698.42     | 0.24%             | 2052-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                                                                                             | Fannie Mae Pool                                                                                                                                        | CUSIP: 31418EHK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     19778 | PA      | $19366.25     | 0.10%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| OMERS FINANCE TRUST                                                                                                                                    | OMERS Finance Trust                                                                                                                                    | CUSIP: 682142AG9<br>LEI: 529900M039WCPES03P17 | Long             | DBT              | USGSE             | CA        |    250000 | PA      | $240284.45    | 1.23%             | 2032-04-19      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| VNO Mortgage Trust                                                                                                                                     | VNDO Trust 2016-350P                                                                                                                                   | CUSIP: 91831UAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $197974.18    | 1.02%             | 2035-01-10      | Variable      | 3.90%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36179XND4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |     49949 | PA      | $47625.30     | 0.24%             | 2052-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Impr                                                                                                                         | GoodLeap Sustainable Home Solutions Trust 2021-4                                                                                                       | CUSIP: 38237GAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    112979 | PA      | $82866.10     | 0.43%             | 2048-07-20      | Fixed         | 2.36%                 | Yes           |                  2 | On Loan: No      |
| San Jose Financing Authority, California, Lease Revenue Bonds, Convention Center Refunding Project, Taxable, Series 2022A                              | San Jose Financing Authority, California, Lease Revenue Bonds, Convention Center Refunding Project, Taxable, Series 2022A                              | CUSIP: 798153QF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $246290.93    | 1.26%             | 2037-05-01      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                                                                                                                               | Alimentation Couche-Tard Inc                                                                                                                           | CUSIP: 01626PAQ9<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |    225000 | PA      | $164068.03    | 0.84%             | 2051-05-13      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| COMCAST CORP                                                                                                                                           | Comcast Corp                                                                                                                                           | CUSIP: 20030NEC1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500357.12    | 2.57%             | 2033-02-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36179XNC6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |     52844 | PA      | $48467.44     | 0.25%             | 2052-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| THE BUSH FOUNDATION                                                                                                                                    | Bush Foundation                                                                                                                                        | CUSIP: 12316UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $159216.87    | 0.82%             | 2050-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                                                                                             | Fannie Mae Pool                                                                                                                                        | CUSIP: 3140LNJM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2078 | PA      | $1878.33      | 0.01%             | 2051-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PENN Commercial Mortgage Trust 2025-P11                                                                                                                | PENN Commercial Mortgage Trust 2025-P11                                                                                                                | CUSIP: 69382VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $254503.55    | 1.31%             | 2042-08-10      | Variable      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                                                                                             | Fannie Mae Pool                                                                                                                                        | CUSIP: 3140QEDU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3397 | PA      | $3076.73      | 0.02%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36179XTC0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |    573639 | PA      | $574774.99    | 2.95%             | 2053-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Impr                                                                                                                         | GoodLeap Sustainable Home Solutions Trust 2021-3                                                                                                       | CUSIP: 382371AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     62739 | PA      | $51881.62     | 0.27%             | 2048-05-20      | Fixed         | 2.10%                 | Yes           |                  2 | On Loan: No      |
| BFLD Trust                                                                                                                                             | BFLD Trust 2020-EYP                                                                                                                                    | CUSIP: 05493AAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125000 | PA      | $5250.00      | 0.03%             | 2035-10-15      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Multiclass Certificates Series 2020-P003                                                                                                   | Freddie Mac Multiclass Certificates Series 2020-P003                                                                                                   | CUSIP: 3137FWJ27<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    250000 | PA      | $197650.18    | 1.02%             | 2046-09-25      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                                                                                                    | Southern California Edison Co                                                                                                                          | CUSIP: 842400HF3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    200000 | PA      | $139622.72    | 0.72%             | 2051-06-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 3617QGLU6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |      2018 | PA      | $1878.75      | 0.01%             | 2050-08-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Kreditanstalt fuer Wiederaufbau                                                                                                                        | Kreditanstalt fuer Wiederaufbau                                                                                                                        | CUSIP: 500769KD5<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $102409.43    | 0.53%             | 2034-02-28      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36179XFG6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |    388719 | PA      | $370678.38    | 1.90%             | 2052-09-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                                                                                                                         | Starbucks Corp                                                                                                                                         | CUSIP: 855244AU3<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    200000 | PA      | $168649.77    | 0.87%             | 2049-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                                                                                            | Freddie Mac Pool                                                                                                                                       | CUSIP: 3132DWDZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4095 | PA      | $3632.21      | 0.02%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae II Pool                                                                                                                                     | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36180AAF0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |    417665 | PA      | $421723.40    | 2.17%             | 2054-09-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Village of Deerfield IL                                                                                                                                | Village of Deerfield, Illinois, General Obligation Bonds, Series 2011                                                                                  | CUSIP: 244415JP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49977.21     | 0.26%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kommuninvest I Sverige AB                                                                                                                              | Kommuninvest I Sverige AB                                                                                                                              | CUSIP: 50046PCG8<br>LEI: EV2XZWMLLXF2QRX0CD47 | Long             | DBT              | NUSS              | SE        |    200000 | PA      | $205168.02    | 1.05%             | 2028-09-29      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Ginnie Mae II Pool                                                                                                                                     | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36179XTB2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |      4057 | PA      | $3982.59      | 0.02%             | 2053-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 3617QGLV4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |      1543 | PA      | $1425.96      | 0.01%             | 2050-08-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Wastewater Revenue                                                                             | San Francisco City & County Public Utilities Commission Wastewater Revenue, California,                                                                | CUSIP: 79768HJN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253593.68    | 1.30%             | 2027-10-01      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                                                                                                                                 | HAT Holdings I LLC / HAT Holdings II LLC                                                                                                               | CUSIP: 418751AD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $115267.75    | 0.59%             | 2030-09-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Amazon Conservation DAC                                                                                                                                | Amazon Conservation DAC                                                                                                                                | CUSIP: 02315JAA2<br>LEI: 635400VMJ6EGNYN3YK31 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $206360.00    | 1.06%             | 2042-01-16      | Fixed         | 6.03%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 3617QGLE2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |     15109 | PA      | $12989.67     | 0.07%             | 2050-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Nederlandse Waterschapsbank NV                                                                                                                         | Nederlandse Waterschapsbank NV                                                                                                                         | CUSIP: 639832AJ3<br>LEI: JLP5FSPH9WPSHY3NIM24 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $256629.41    | 1.32%             | 2030-01-16      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Starwood Property Trust Inc                                                                                                                            | Starwood Property Trust Inc                                                                                                                            | CUSIP: 85571BBE4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    263000 | PA      | $273632.30    | 1.41%             | 2030-10-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36179WTZ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |    100265 | PA      | $90152.72     | 0.46%             | 2051-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 3617Q8CS9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |      2233 | PA      | $2010.32      | 0.01%             | 2050-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                                                                                                                               | Duke Energy Progress LLC                                                                                                                               | CUSIP: 26442UAP9<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    200000 | PA      | $159117.88    | 0.82%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| International Development Association                                                                                                                  | International Development Association                                                                                                                  | CUSIP: 45939E2E9<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | NUSS              | N/A       |    225000 | PA      | $226968.90    | 1.17%             | 2030-06-11      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                                                                                             | Fannie Mae Pool                                                                                                                                        | CUSIP: 3140XFSL6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8336 | PA      | $7168.94      | 0.04%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ContourGlobal Power Holdings SA                                                                                                                        | ContourGlobal Power Holdings SA                                                                                                                        | CUSIP: 21220LAB9<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |    250000 | PA      | $257500.00    | 1.32%             | 2030-02-28      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Iowa Finance Authority                                                                                                                                 | Iowa Finance Authority                                                                                                                                 | CUSIP: 46246JNP6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253353.55    | 1.30%             | 2027-11-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Mosaic Solar Loans LLC                                                                                                                                 | Mosaic Solar Loan Trust 2021-3                                                                                                                         | CUSIP: 61946TAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    113987 | PA      | $87807.69     | 0.45%             | 2052-06-20      | Fixed         | 1.92%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                                                                                             | Fannie Mae Pool                                                                                                                                        | CUSIP: 31418EJ76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     18624 | PA      | $18648.50     | 0.10%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                                                                                             | Fannie Mae Pool                                                                                                                                        | CUSIP: 31418EKT6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       816 | PA      | $798.72       | 0.00%             | 2052-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                                                                                                       | United States Treasury Note/Bond                                                                                                                       | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    140000 | PA      | $141903.13    | 0.73%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Loanpal Solar Loan Ltd.                                                                                                                                | Loanpal Solar Loan 2021-2 Ltd                                                                                                                          | CUSIP: 53948QAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    117341 | PA      | $94625.90     | 0.49%             | 2048-03-20      | Fixed         | 2.22%                 | Yes           |                  2 | On Loan: No      |
| National Finance Authority, New Hampshire, Revenue Bonds, Winston-Salem Sustainable Energy Partners Taxable Series 2025B                               | National Finance Authority, New Hampshire, Revenue Bonds, Winston-Salem Sustainable Energy Partners Taxable Series 2025B                               | CUSIP: 63607YCY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $268196.43    | 1.38%             | 2035-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Asian Infrastructure Investment Bank/The                                                                                                               | Asian Infrastructure Investment Bank/The                                                                                                               | CUSIP: 04522KAP1<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | N/A       |    150000 | PA      | $154377.86    | 0.79%             | 2030-01-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RWE Finance US LLC                                                                                                                                     | RWE Finance US LLC                                                                                                                                     | CUSIP: 749983AA0<br>LEI: 529900J7MYLKI84UP772 | Long             | DBT              | CORP              | US        |    150000 | PA      | $157116.80    | 0.81%             | 2034-04-16      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Natixis Commercial Mortgage Se                                                                                                                         | Natixis Commercial Mortgage Securities Trust 2019-MILE                                                                                                 | CUSIP: 63875FAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    212214 | PA      | $204885.54    | 1.05%             | 2036-07-15      | Variable      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| SWEIHAN PV POWER CO PJSC                                                                                                                               | Sweihan PV Power Co PJSC                                                                                                                               | CUSIP: 870674AA6<br>LEI: 353800EF1E1IC18GBC48 | Long             | DBT              | CORP              | AE        |    183220 | PA      | $156944.42    | 0.81%             | 2049-01-31      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| THE NHP FOUNDATION                                                                                                                                     | NHP Foundation/The                                                                                                                                     | CUSIP: 62925MAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53953.00     | 0.28%             | 2033-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                                                                                           | Hudson Yards 2019-30HY Mortgage Trust                                                                                                                  | CUSIP: 44421GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    235000 | PA      | $224575.35    | 1.15%             | 2039-07-10      | Fixed         | 3.23%                 | Yes           |                  2 | On Loan: No      |
| National Finance Authority, New Hampshire, Revenue Bonds, Abilene Christian University Taxable Series 2024B                                            | National Finance Authority, New Hampshire, Revenue Bonds, Abilene Christian University Taxable Series 2024B                                            | CUSIP: 63607YCH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499753.40    | 2.57%             | 2054-11-01      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                                                                                               | Public Finance Authority, Wisconsin, Revenue Bonds, Bluehub Loan Fund Issue, Series 2024A                                                              | CUSIP: 74442PG25<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252796.40    | 1.30%             | 2029-07-01      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Bank Discount Notes                                                                                                                  | Federal Home Loan Bank Discount Notes                                                                                                                  | CUSIP: 313385NU6<br>LEI: 2549001DPIFGXC1TOL40 | Long             | STIV             | USGSE             | US        |    184000 | PA      | $183940.81    | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                                                                                                 | Pacific Gas and Electric Co                                                                                                                            | CUSIP: 694308KK2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    250000 | PA      | $267896.28    | 1.38%             | 2053-04-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 3617QGLT9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |      2309 | PA      | $2142.73      | 0.01%             | 2050-08-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VIVINT SOLAR FINANCING LLC                                                                                                                             | Vivint Solar Financing V LLC                                                                                                                           | CUSIP: 92854VAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     21939 | PA      | $21305.65     | 0.11%             | 2048-04-30      | Fixed         | 7.37%                 | Yes           |                  2 | On Loan: No      |
| American Municipal Power Inc., Ohio, Meldahl Hydroelectric Projects Revenue Bonds, Build America Bond Series 2010E                                     | American Municipal Power Inc., Ohio, Meldahl Hydroelectric Projects Revenue Bonds, Build America Bond Series 2010E                                     | CUSIP: 02765UEQ3<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |     95000 | PA      | $99913.36     | 0.51%             | 2050-02-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ELEC POWER                                                                                                                                | Southwestern Electric Power Co                                                                                                                         | CUSIP: 845437BT8<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |    200000 | PA      | $134577.24    | 0.69%             | 2051-11-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 3617Q8CR1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |      4536 | PA      | $4085.41      | 0.02%             | 2050-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MIDAMERICAN ENERGY CO                                                                                                                                  | MidAmerican Energy Co                                                                                                                                  | CUSIP: 595620AV7<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |    250000 | PA      | $173276.14    | 0.89%             | 2050-04-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Vivint Solar Financing LLC                                                                                                                             | Vivint Solar Financing VII LLC                                                                                                                         | CUSIP: 92855HAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    193005 | PA      | $178729.36    | 0.92%             | 2051-07-31      | Fixed         | 2.21%                 | Yes           |                  2 | On Loan: No      |
| Ginnie Mae II Pool                                                                                                                                     | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36180AAG8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |     59066 | PA      | $60225.40     | 0.31%             | 2054-09-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UEP PENONOME II SA                                                                                                                                     | UEP Penonome II SA                                                                                                                                     | CUSIP: 90363PAA4<br>LEI: 549300DS6G5XB230S845 | Long             | DBT              | CORP              | PA        |    155644 | PA      | $140157.85    | 0.72%             | 2038-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| New York City, New York, General Obligation Bonds, Taxable Fiscal 2025 Series D-1                                                                      | New York City, New York, General Obligation Bonds, Taxable Fiscal 2025 Series D-1                                                                      | CUSIP: 64966SHM1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    250000 | PA      | $240744.35    | 1.24%             | 2049-10-01      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                                                                                                                                      | Sysco Corp                                                                                                                                             | CUSIP: 871829BK2<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    250000 | PA      | $231771.13    | 1.19%             | 2030-02-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36179XHY5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |    299549 | PA      | $294460.20    | 1.51%             | 2052-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                                                                                             | Fannie Mae Pool                                                                                                                                        | CUSIP: 31418EJF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       752 | PA      | $752.07       | 0.00%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 3617QGLK8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |       386 | PA      | $347.16       | 0.00%             | 2050-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN PUBLIC SERV                                                                                                                               | Southwestern Public Service Co                                                                                                                         | CUSIP: 845743BU6<br>LEI: OL6FE7QD5EQ3DOYEO258 | Long             | DBT              | CORP              | US        |    150000 | PA      | $100488.59    | 0.52%             | 2050-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae II Pool                                                                                                                                     | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36179YDE1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |     23368 | PA      | $21135.87     | 0.11%             | 2053-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bond                                                                                                                  | Dominican Republic International Bond                                                                                                                  | CUSIP: 25714PEZ7<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    150000 | PA      | $158160.00    | 0.81%             | 2036-06-01      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                                                                                        | Fannie Mae Pool                                                                                                                                        | CUSIP: 31418EW30<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4078 | PA      | $4131.87      | 0.02%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCKEFELLER FOUNDATION                                                                                                                                 | Rockefeller Foundation/The                                                                                                                             | CUSIP: 77310VAA2<br>LEI: 549300JU3NX0IK5I9038 | Long             | DBT              | CORP              | US        |    250000 | PA      | $154431.03    | 0.79%             | 2050-10-01      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA                                                                                                                      | San Francisco City and County, California, Affordable Housing Social Bonds, General Obligation Tax Bonds, Series 2025D                                 | CUSIP: 79773KPV0<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258449.33    | 1.33%             | 2045-06-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| International Development Association                                                                                                                  | International Development Association                                                                                                                  | CUSIP: 45939E2D1<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | NUSS              | N/A       |    175000 | PA      | $179231.83    | 0.92%             | 2035-02-12      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                                                                                             | Fannie Mae Pool                                                                                                                                        | CUSIP: 3140MAZB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1895 | PA      | $1896.23      | 0.01%             | 2052-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36179XDE3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |     45839 | PA      | $45082.05     | 0.23%             | 2052-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36179XNE2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |    354068 | PA      | $347889.12    | 1.79%             | 2052-12-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36179XTD8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |      3487 | PA      | $3539.30      | 0.02%             | 2053-02-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Port Lions, Alaska, Revenue Bonds, Kodiak Area Native Association Project, Taxable Series 2022                                                         | Port Lions, Alaska, Revenue Bonds, Kodiak Area Native Association Project, Taxable Series 2022                                                         | CUSIP: 734707AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157668.45    | 0.81%             | 2052-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                                                                                                                            | PepsiCo Inc                                                                                                                                            | CUSIP: 713448EP9<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    250000 | PA      | $168481.05    | 0.87%             | 2049-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                                                                                             | Fannie Mae Pool                                                                                                                                        | CUSIP: 31418EHJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     41360 | PA      | $39462.93     | 0.20%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Clean Energy Cooperative Corp                                                                                                            | Massachusetts Clean Energy Cooperative Corp                                                                                                            | CUSIP: 575625AZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $161711.17    | 0.83%             | 2028-07-01      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P                                                                                                                         | Freddie Mac Multifamily Structured Pass Through Certificates                                                                                           | CUSIP: 3137F72G9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    124347 | PA      | $104437.81    | 0.54%             | 2036-01-25      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| African Development Bank                                                                                                                               | African Development Bank                                                                                                                               | CUSIP: 008281BF3<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | N/A       |    200000 | PA      | $201638.00    | 1.04%             | N/A             | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WLB Asset VI Pte Ltd                                                                                                                                   | WLB Asset VI Pte Ltd                                                                                                                                   | CUSIP: ZG6473158<br>LEI: 254900M29A8RHZTF4J92 | Long             | DBT              | CORP              | MU        |    250000 | PA      | $261117.50    | 1.34%             | 2027-12-21      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| SOLAR STAR FUNDING LLC                                                                                                                                 | Solar Star Funding LLC                                                                                                                                 | CUSIP: 83416WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    171413 | PA      | $176752.01    | 0.91%             | 2035-06-30      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Credit Agricole Corporate & Investment Bank SA                                                                                                         | Credit Agricole Corporate & Investment Bank SA                                                                                                         | CUSIP: 22534W5E4<br>LEI: 1VUV7VQFKUOQSJ21A208 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $249518.83    | 1.28%             | 2030-08-25      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| TOPAZ SOLAR FARMS LLC                                                                                                                                  | Topaz Solar Farms LLC                                                                                                                                  | CUSIP: 89054XAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    109426 | PA      | $109426.00    | 0.56%             | 2039-09-30      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| City & County of San Francisco CA                                                                                                                      | City And County Of San Francisco, California, Taxable General Obligation Bonds (Social Bonds-Affordable Housing, 2019) Series 2021A                    | CUSIP: 79773KDT8<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    200000 | PA      | $153336.84    | 0.79%             | 2040-06-15      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| University of Michigan, General Revenue Bonds, Taxable Green Series 2022B                                                                              | University of Michigan, General Revenue Bonds, Taxable Green Series 2022B                                                                              | CUSIP: 914455UK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $76142.63     | 0.39%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc                                                                                                              | HA Sustainable Infrastructure Capital Inc                                                                                                              | CUSIP: 41068XAF7<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252556.76    | 1.30%             | 2034-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Philadelphia Redevelopment Authority, Pennsylvania, City Service Agreement Revenue Bonds, City of Philadelphia Neighborhood Preservation Initiative, T | Philadelphia Redevelopment Authority, Pennsylvania, City Service Agreement Revenue Bonds, City of Philadelphia Neighborhood Preservation Initiative, T | CUSIP: 717868KC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254531.45    | 1.31%             | 2040-09-01      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| STATE STR NAVIGATOR SECS L TR                                                                                                                          | State Street Navigator Securities Lending Government Money Market Portfolio                                                                            | CUSIP: 857509301<br>LEI: N/A                  | Long             | STIV             | RF                | US        |       374 | NS      | $373.58       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United Nations Development Corporation, New York, Revenue Bonds, Taxable Series 2025A                                                                  | United Nations Development Corporation, New York, Revenue Bonds, Taxable Series 2025A                                                                  | CUSIP: 911157MF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $161095.38    | 0.83%             | 2055-08-01      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| Export Development Canada                                                                                                                              | Export Development Canada                                                                                                                              | CUSIP: 30216BKF8<br>LEI: Z6MHCSLXHKYG4B6PHW02 | Long             | DBT              | NUSS              | CA        |    500000 | PA      | $524533.18    | 2.69%             | 2034-06-05      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 3617Q8CQ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |      3138 | PA      | $2828.72      | 0.01%             | 2050-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Seattle Children's Hospital                                                                                                                            | Seattle Children's Hospital                                                                                                                            | CUSIP: 81257VAB7<br>LEI: 549300WXE9O4DQMMXS47 | Long             | DBT              | CORP              | US        |    250000 | PA      | $159024.78    | 0.82%             | 2050-10-01      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS HIGHER EDU                                                                                                                               | Massachusetts Higher Education Assistance Corp                                                                                                         | CUSIP: 575674AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $88034.95     | 0.45%             | 2031-07-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Arab Energy Fund /The                                                                                                                                  | Arab Energy Fund /The                                                                                                                                  | CUSIP: ZB6532285<br>LEI: 213800A54KIUYH5YD185 | Long             | DBT              | NUSS              | N/A       |    250000 | PA      | $259645.82    | 1.33%             | 2029-05-02      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| San Luis Obispo County Financing Authority                                                                                                             | San Luis Obispo County Financing Authority, California, Revenue Bonds, Nacimiento Water Project, Series 2007B                                          | CUSIP: 798693BV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261683.60    | 1.34%             | 2040-09-01      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                                                                                                       | United States Treasury Note/Bond                                                                                                                       | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     63000 | PA      | $63826.88     | 0.33%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE OKLAHOMA                                                                                                                                | Public Service Co of Oklahoma                                                                                                                          | CUSIP: 744533BM1<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |    100000 | PA      | $88339.68     | 0.45%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36179XLH7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |     92641 | PA      | $92900.43     | 0.48%             | 2052-11-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corp                                                                                                                                          | M&T Bank Corp                                                                                                                                          | CUSIP: 55261FAU8<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    400000 | PA      | $404905.16    | 2.08%             | 2029-01-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| PG&E Recovery Funding LLC                                                                                                                              | PG&E Recovery Funding LLC                                                                                                                              | CUSIP: 71710TAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $257164.68    | 1.32%             | 2042-06-01      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36179XFJ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |     22468 | PA      | $22532.27     | 0.12%             | 2052-09-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOW INCOME INVESTMENT                                                                                                                                  | Low Income Investment Fund                                                                                                                             | CUSIP: 54750AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $44306.17     | 0.23%             | 2026-07-01      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                                                                                             | Fannie Mae Pool                                                                                                                                        | CUSIP: 31418ECR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7858 | PA      | $7008.63      | 0.04%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36179XBS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |     44919 | PA      | $41508.61     | 0.21%             | 2052-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                                                                                                                                | Public Service Electric and Gas Co                                                                                                                     | CUSIP: 74456QCM6<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95970.72     | 0.49%             | 2053-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 3617QGLL6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |       883 | PA      | $793.31       | 0.00%             | 2050-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                                                                                                 | Verizon Communications Inc                                                                                                                             | CUSIP: 92343VGL2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    250000 | PA      | $180742.70    | 0.93%             | 2041-09-03      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                                                                                             | Fannie Mae Pool                                                                                                                                        | CUSIP: 3140XGV55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1504 | PA      | $1347.45      | 0.01%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Banc of America Mortgage Secur                                                                                                                         | Banc of America Mortgage 2004-K Trust                                                                                                                  | CUSIP: 05949AXG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       882 | PA      | $874.31       | 0.00%             | 2034-12-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                                                                                            | Freddie Mac Gold Pool                                                                                                                                  | CUSIP: 3128MJZ29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | MUN               | US        |      5623 | PA      | $5130.42      | 0.03%             | 2047-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                                                                                                                         | Ginnie Mae II Pool                                                                                                                                     | CUSIP: 36179W2W7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |    432149 | PA      | $397866.34    | 2.04%             | 2052-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CONSERVATION FUND                                                                                                                                      | Conservation Fund A Nonprofit Corp/The                                                                                                                 | CUSIP: 20848FAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $191586.14    | 0.98%             | 2029-12-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| CPT MORTGAGE TRUST                                                                                                                                     | Century Plaza Towers 2019-CPT                                                                                                                          | CUSIP: 12654YAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $166194.72    | 0.85%             | 2039-11-13      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| NEDER WATERSCHAPSBANK                                                                                                                                  | Nederlandse Waterschapsbank NV                                                                                                                         | CUSIP: 63983TEH4<br>LEI: JLP5FSPH9WPSHY3NIM24 | Long             | DBT              | USGSE             | NL        |    200000 | PA      | $201306.43    | 1.03%             | 2028-06-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| EUROPEAN INVESTMENT BANK                                                                                                                               | European Investment Bank                                                                                                                               | CUSIP: 298785JV9<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | USGSE             | N/A       |    100000 | PA      | $98662.24     | 0.51%             | 2033-02-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Asian Infrastructure Investment Bank/The                                                                                                               | Asian Infrastructure Investment Bank/The                                                                                                               | CUSIP: 04522KAQ9<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | N/A       |    140000 | PA      | $144115.69    | 0.74%             | 2035-05-21      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-31

**Name of Applicant:** Nuveen Managed Accounts Portfolios Trust

**Signature:** Gina Spunder

**Name of Signer:** Gina Spunder

**Title:** Director, Fund Financial Reporting