# EDGAR Filing Document

**Accession Number:** 0000892992
**File Stem:** 0001752724-25-181332
**Filing Date:** 2025-7
**Character Count:** 172479
**Document Hash:** 2d0201e4cf5a295d1f65d86ebf1ba5e8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-181332.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-181332

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NUVEEN ARIZONA QUALITY MUNICIPAL INCOME FUND
- **CENTRAL INDEX KEY:** 0000892992

**ORGANIZATION NAME:**
- **EIN:** 363847197
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07278
- **FILM NUMBER:** 251158051

**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 ARIZONA PREMIUM INCOME MUNICIPAL FUND
- **DATE OF NAME CHANGE:** 20130410

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NUVEEN ARIZONA PREMIUM INCOME MUNICIPAL FUND INC
- **DATE OF NAME CHANGE:** 19930328

## Nport-Ex

#### Portfolio

#### of

#### Investments

#### May

#### 31,

#### 2025

#### NAZ
(Unaudited)

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM

INVESTMENTS

-

166.0% (100.0%

of

Total

Investments)

X

219,731,312

MUNICIPAL

BONDS

-

166.0% (100.0%

of

Total

Investments)

X

–

EDUCATION

AND

CIVIC

ORGANIZATIONS

-

33.5%

(20.2%

of

Total

Investments)

$

2,175,000

Arizona

Board

of

Regents,

Arizona

State

University

System

Revenue

Bonds,

Green

Series

2016B

.000

%

07/01/47

$

2,176,892

2,000,000

Arizona

Board

of

Regents,

Arizona

State

University

System

Revenue

Bonds,

Green

Series

2024A

.000

07/01/50

2,037,950

1,500,000

Arizona

Board

of

Regents,

Arizona

State

University

System

Revenue

Bonds,

Refunding

Green

Series

2015A

.000

07/01/41

1,500,209

1,500,000

Arizona

Board

of

Regents,

Arizona

State

University

System

Revenue

Bonds,

Series

2015D

.000

07/01/41

1,500,209

2,030,000

Arizona

Board

of

Regents,

Arizona

State

University

System

Revenue

Bonds,

Series

2020B

.000

07/01/47

1,790,735

1,000,000

Arizona

Board

of

Regents,

University

of

Arizona,

System

Revenue

Bonds,

Refunding

Series

2021A

.000

06/01/42

1,035,445

2,000,000

(a) Arizona

Board

of

Regents,

University

of

Arizona,

System

Revenue

Bonds,

Refunding

Series

2025A

.000

06/01/50

2,049,033

515,000

(b) Arizona

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Basis

Schools,

Inc.

Projects,

Series

2017A

.125

07/01/37

516,375

525,000

Arizona

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Basis

Schools,

Inc.

Projects,

Series

2017C

.000

07/01/47

518,316

250,000

(b) Arizona

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Basis

Schools,

Inc.

Projects,

Series

2017D

.000

07/01/47

235,077

1,700,000

Arizona

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Basis

Schools,

Inc.

Projects,

Series

2017F

.000

07/01/37

1,719,552

1,000,000

Arizona

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Basis

Schools,

Inc.

Projects,

Series

2017F

.000

07/01/52

964,226

380,000

(b) Arizona

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Basis

Schools,

Inc.

Projects,

Series

2017G

.000

07/01/47

357,318

240,000

(b) Arizona

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Montessori

Academy

Projects,

Refunding

Series

2017A

.250

11/01/50

208,691

420,000

(b) Arizona

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Somerset

Academy

of

Las

Vegas

Aliante

and

Skye

Canyon

Campus

Projects,

Series

2021A

.000

12/15/41

355,325

375,000

(b) Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds, Arizona

Agribusiness

and

Equine

Center,

Inc.

Project,

Series

2017B

.000

03/01/48

337,112

145,000

(b) Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Academies

of

Math

&

Science

Projects,

Series

2017B

.250

07/01/27

144,919

615,000

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Academies

of

Math

&

Science

Projects,

Series

2018A

.000

07/01/38

618,648

1,000,000

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Academies

of

Math

&

Science

Projects,

Series

2018A

.000

07/01/48

949,924

125,000

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

GreatHearts

Arizona

Projects,

Series

2021A

.000

07/01/28

130,035

125,000

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

GreatHearts

Arizona

Projects,

Series

2021A

.000

07/01/29

131,109

130,000

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

GreatHearts

Arizona

Projects,

Series

2021A

.000

07/01/30

137,205

125,000

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

GreatHearts

Arizona

Projects,

Series

2021A

.000

07/01/31

132,576

455,000

(b) Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Pinecrest

Academy

of

Nevada

Horizon,

Inspirada

and

St.

Rose

Campus

Projects,

Series

2018A

.750

07/15/38

459,590

120,000

(b) Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Social

Bonds

Pensar

Academy

Project,

Series

2020

.000

07/01/30

114,555

1,645,000

Arizona

Industrial

Development

Authority,

Arizona,

Lease

Revenue

Bonds,

University

of

Indianapolis

-

Health

Pavilion

Project,

Series

2019A

.000

10/01/39

1,426,519

#### Portfolio

#### of

#### Investments

#### May

#### 31,

#### 2025
(continued)

#### NAZ

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

EDUCATION

AND

CIVIC

ORGANIZATIONS

(continued)

$

1,080,000

Arizona

Industrial

Development

Authority,

Arizona,

Lease

Revenue

Bonds,

University

of

Indianapolis

-

Health

Pavilion

Project,

Series

2019A

.000

%

10/01/49

$

818,331

1,500,000

(b),(c)

Arizona

Industrial

Development

Authority,

Education

Facility

Revenue

Bonds,

Caurus

Academy

Project,

Series

2018A

.375

06/01/39

1,050,000

360,000

Industrial

Development

Authority,

Pima

County,

Arizona,

Education

Revenue

Bonds,

Center

for

Academic

Success

Project,

Refunding

Series

2019

.000

07/01/31

353,110

340,000

Industrial

Development

Authority,

Pima

County,

Arizona,

Education

Revenue

Bonds,

Center

for

Academic

Success

Project,

Refunding

Series

2019

.000

07/01/33

327,584

780,000

(b) Maricopa

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Arizona

Autism

Charter

Schools

Project,

Series

2020A

.000

07/01/50

709,214

195,000

(b) Maricopa

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Arizona

Autism

Charter

Schools

Project,

Social

Series

2021A

.000

07/01/51

148,379

355,000

Maricopa

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Great

Hearts

Academies

Projects,

Series

2017A

.000

07/01/37

358,731

490,000

Maricopa

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Great

Hearts

Academies

Projects,

Series

2017C

.000

07/01/48

477,467

1,715,000

Maricopa

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Highland

Prep

Project,

Series

2019

.000

01/01/50

1,644,710

700,000

(b) Maricopa

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Legacy

Traditional

Schools

Projects,

Series

2021A

.000

07/01/41

604,944

335,000

Maricopa

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Legacy

Traditional

Schools

Projects,

Series

2024

.250

07/01/44

288,014

870,000

(b) Maricopa

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Paradise

Schools

Projects,

Series

2016

.000

07/01/47

783,061

520,000

Maricopa

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Reid

Traditional

School

Projects,

Series

2016

.000

07/01/36

511,121

300,000

Maricopa

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Reid

Traditional

School

Projects,

Series

2016

.000

07/01/47

271,824

2,000,000

Maricopa

County

Industrial

Development

Authority,

Arizona,

Educational

Facilities

Revenue

Bonds,

Creighton

University

Projects,

Series

2020

.000

07/01/50

1,656,197

775,000

McAllister

Academic

Village

LLC,

Arizona,

Revenue

Bonds,

Arizona

State

University

Hassayampa

Academic

Village

Project,

Refunding

Series

2016

.000

07/01/37

782,489

1,000,000

McAllister

Academic

Village

LLC,

Arizona,

Revenue

Bonds,

Arizona

State

University

Hassayampa

Academic

Village

Project,

Refunding

Series

2016

.000

07/01/38

1,008,106

1,000,000

Northern

Arizona

University,

System

Revenue

Bonds,

Refunding

Series

2020B

-

BAM

Insured

.000

06/01/39

1,033,790

70,000

(b) Phoenix

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Basis

Schools,

Inc.

Projects,

Series

2016A

.000

07/01/46

66,051

800,000

Phoenix

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Great

Hearts

Academies

Project,

Series

2016A

.000

07/01/41

772,394

315,000

(b) Phoenix

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Legacy

Traditional

Schools

Projects,

Series

2015

.000

07/01/35

315,065

300,000

(b) Phoenix

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Legacy

Traditional

Schools

Projects,

Series

2015

.000

07/01/45

282,769

650,000

(b) Phoenix

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Legacy

Traditional

Schools

Projects,

Series

2016A

.000

07/01/41

628,934

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

EDUCATION

AND

CIVIC

ORGANIZATIONS

(continued)

$

1,110,000

(b) Phoenix

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Northwest

Christian

School

Project,

Series

2020A

.000

%

09/01/45

$

943,982

55,000

Phoenix

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Villa

Montessori,

Inc.

Projects,

Series

2015

.250

07/01/25

54,927

400,000

Phoenix

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Villa

Montessori,

Inc.

Projects,

Series

2015

.000

07/01/35

400,063

900,000

Phoenix

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Vista

College

Preparatory

Project,

Series

2018A

.125

07/01/38

832,258

1,995,000

Phoenix

Industrial

Development

Authority,

Arizona,

Lease

Revenue

Bonds,

Eastern

Kentucky

University

Project,

Series

2016

.000

10/01/36

2,005,572

500,000

Pima

County

Community

College

District,

Arizona,

Revenue

Bonds,

Series

2019

.000

07/01/36

515,864

120,000

(b) Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Champion

Schools

Project,

Series

2017

.000

06/15/37

120,668

680,000

(b) Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Champion

Schools

Project,

Series

2017

.125

06/15/47

680,568

200,000

(c) Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Edkey

Charter

Schools

Project,

Series

2016

.250

07/01/36

140,000

115,000

(b) Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

San

Tan

Montessori

School

Project,

Series

2017

.750

02/01/50

116,373

500,000

(b) Pima

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Noah

Webster

Schools

Mesa

Project,

Series

2015A

.000

12/15/34

482,261

730,000

Pinal

County

Community

College

District,

Arizona,

Revenue

Bonds,

Central

Arizona

College,

Series

2017

-

BAM

Insured

.000

07/01/35

739,534

1,000,000

(b) Sierra

Vista

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

Desert

Heights

Charter

School

Project,

Refunding

Series

2024

.125

06/01/57

922,947

TOTAL

EDUCATION

AND

CIVIC

ORGANIZATIONS

44,394,847

HEALTH

CARE

-

18.1%

(10.9%

of

Total

Investments)

890,000

Arizona

Industrial

Development

Authority,

Arizona,

Lease

Revenue

Bonds,

Children's

National

Prince

County

Regional

Medical

Center,

Series

2020A

.000

09/01/38

858,148

4,975,000

Arizona

Industrial

Development

Authority,

Hospital

Revenue

Bonds,

Phoenix

Children's

Hospital,

Series

2020A

.000

02/01/50

4,099,365

500,000

Maricopa

County

Industrial

Development

Authority,

Arizona,

Hospital

Revenue

Bonds,

Honor

Health,

Series

2024D

.000

12/01/44

503,872

500,000

Maricopa

County

Industrial

Development

Authority,

Arizona,

Hospital

Revenue

Bonds,

Honor

Health,

Series

2024D

.000

12/01/45

502,249

1,250,000

Maricopa

County

Industrial

Development

Authority,

Arizona,

Hospital

Revenue

Bonds,

HonorHealth,

Series

2019A

.000

09/01/42

1,259,657

3,275,000

Maricopa

County

Industrial

Development

Authority,

Arizona,

Hospital

Revenue

Bonds,

HonorHealth,

Series

2021A

.000

09/01/51

2,741,570

1,250,000

Maricopa

County

Industrial

Development

Authority,

Arizona,

Revenue

Bonds,

Banner

Health,

Refunding

Series

2016A

.000

01/01/32

1,278,208

1,000,000

Maricopa

County

Industrial

Development

Authority,

Arizona,

Revenue

Bonds,

Banner

Health,

Refunding

Series

2016A

.000

01/01/35

1,018,648

2,000,000

Maricopa

County

Industrial

Development

Authority,

Arizona,

Revenue

Bonds,

Banner

Health,

Series

2017A

.000

01/01/41

2,030,091

2,000,000

Maricopa

County

Industrial

Development

Authority,

Arizona,

Revenue

Bonds,

Banner

Health,

Series

2019A

.000

01/01/44

1,801,215

2,250,000

Pima

County

Industrial

Development

Authority,

Arizona,

Revenue

Bonds,

Tucson

Medical

Center,

Series

2021A

.000

04/01/51

1,490,264

1,025,000

Yavapai

County

Industrial

Development

Authority,

Arizona,

Hospital

Revenue

Bonds,

Yavapai

Regional

Medical

Center,

Refunding

Series

2016

.000

08/01/36

1,030,717

#### Portfolio

#### of

#### Investments

#### May

#### 31,

#### 2025
(continued)

#### NAZ

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

HEALTH

CARE

(continued)

$

815,000

Yavapai

County

Industrial

Development

Authority,

Arizona,

Hospital

Revenue

Bonds,

Yavapai

Regional

Medical

Center,

Series

2019

.000

%

08/01/39

$

831,357

650,000

Yavapai

County

Industrial

Development

Authority,

Arizona,

Hospital

Revenue

Bonds,

Yavapai

Regional

Medical

Center,

Series

2019

.000

08/01/43

574,766

2,125,000

Yuma

Industrial

Development

Authority,

Arizona,

Hospital

Revenue

Bonds,

Yuma

Regional

Medical

Center,

Series

2024A

.250

08/01/49

2,155,813

500,000

Yuma

Industrial

Development

Authority,

Arizona,

Hospital

Revenue

Bonds,

Yuma

Regional

Medical

Center,

Series

2024A

.000

08/01/54

423,500

1,325,000

Yuma

Industrial

Development

Authority,

Arizona,

Hospital

Revenue

Bonds,

Yuma

Regional

Medical

Center,

Series

2024A

.250

08/01/54

1,336,185

TOTAL

HEALTH

CARE

23,935,625

HOUSING/MULTIFAMILY

-

1.9%

(1.1%

of

Total

Investments)

1,830,000

Arizona

Industrial

Development

Authority,

Student

Housing

Revenue

Bonds,

Provident

Group

-

NCCU

Properties

LLC-

North

Carolina

Central

University,

Series

2019A

-

BAM

Insured

.000

06/01/49

1,828,632

250,000

(d) Sierra

Vista

Industrial

Development

Authority,

Arizona,

Economic

Development

Revenue

Bonds,

Convertible

Capital

Appreciation

Revenue

Bonds,

Series

2021A

.000

10/01/56

194,518

500,000

(d) Sierra

Vista

Industrial

Development

Authority,

Arizona,

Economic

Development

Revenue

Bonds,

Convertible

Capital

Appreciation

Revenue

Bonds,

Series

2022A

.000

10/01/56

485,965

TOTAL

HOUSING/MULTIFAMILY

2,509,115

HOUSING/SINGLE

FAMILY

-

4.0%

(2.4%

of

Total

Investments)

1,855,000

Maricopa

County

and

Phoenix

City

Industrial

Development

Authority,

Arizona,

Single

Family

Mortgage

Revenue

Bonds,

Series

2024C

.850

09/01/54

1,808,169

965,000

Phoenix

and

Maricopa

County

Industrial

Development

Authority,

Arizona,

Single

Family

Mortgage

Revenue

Bonds,

Series

2023A

.450

09/01/48

969,658

815,000

Phoenix

and

Maricopa

County

Industrial

Development

Authority,

Arizona,

Single

Family

Mortgage

Revenue

Bonds,

Series

2024A

.650

09/01/54

766,292

735,000

Tucson

and

Pima

County

Industrial

Development

Authority,

Arizona,

Joint

Single

Family

Mortgage

Revenue

Bonds,

Series

2023A

.850

07/01/48

725,603

1,090,000

Tucson

and

Pima

County

Industrial

Development

Authority,

Arizona,

Joint

Single

Family

Mortgage

Revenue

Bonds,

Series

2024A

.800

07/01/54

1,054,600

TOTAL

HOUSING/SINGLE

FAMILY

5,324,322

INFORMATION

TECHNOLOGY

-

0.3%

(0.2%

of

Total

Investments)

410,000

Chandler

Industrial

Development

Authority,

Arizona,

Industrial

Development

Revenue

Bonds,

Intel

Corporation

Project,

Series

2007,

(AMT),

(Mandatory

Put

6/15/28)

.100

12/01/37

410,528

TOTAL

INFORMATION

TECHNOLOGY

410,528

LONG-TERM

CARE

-

3.6%

(2.2%

of

Total

Investments)

585,000

Arizona

Industrial

Development

Authority,

Multifamily

Housing

Revenue

Bonds,

Bridgewater

Avondale

Project,

Series

2017

.375

01/01/38

458,467

1,000,000

Glendale

Industrial

Development

Authority,

Arizona,

Senior

Living

Revenue

Bonds,

Royal

Oaks

Royal

Oaks

-

Inspirata

Pointe

Project,

Series

2020A

.000

05/15/41

929,587

1,760,000

Phoenix

Industrial

Development

Authority,

Arizona,

Multi-Family

Housing

Revenue

Bonds,

3rd

and

Indian

Road

Assisted

Living

Project,

Series

2016

.400

10/01/36

1,410,981

1,435,000

Tempe

Industrial

Development

Authority,

Arizona,

Revenue

Bonds,

Friendship

Village

of

Tempe

Project,

Refunding

Series

2021A

.000

12/01/38

1,304,212

1,080,000

(b) Tempe

Industrial

Development

Authority,

Arizona,

Revenue

Bonds,

Mirabella

at

ASU

Project,

Series

2017A

.125

10/01/47

705,932

TOTAL

LONG-TERM

CARE

4,809,179

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TAX

OBLIGATION/GENERAL

-

20.7%

(12.5%

of

Total

Investments)

$

575,000

Buckeye

Union

High

School

District

201,

Maricopa

County,

Arizona,

General

Obligation

Bonds,

School

Improvement

Project,

Refunding

Series

2017

-

BAM

Insured

.000

%

07/01/35

$

590,273

1,000,000

Glendale,

Arizona,

General

Obligation

Bonds,

Series

2024

.000

07/01/43

1,052,627

2,105,000

Golder

Ranch

Fire

District,

Pima

and

Pinal

Counties,

Arizona,

General

Obligation

Bonds,

Series

2021

.000

07/01/45

1,917,057

1,045,000

Maricopa

County

School

District

Creighton

Elementary,

Arizona,

General

Obligation

Bonds,

School

Improvement

Series

2021C

.000

07/01/34

1,065,856

2,315,000

Maricopa

County

School

District

Tolleson

Union

High,

Arizona,

General

Obligation

Bonds,

School

Improvement

Project

1990,

Series

1990A

.000

07/01/38

2,369,781

630,000

Maricopa

County

School

District

Tolleson

Union

High,

Arizona,

General

Obligation

Bonds,

School

Improvement

Project

2017,

Series

2018A

.000

07/01/37

645,695

600,000

Maricopa

County

School

District

6,

Arizona,

General

Obligation

Bonds,

Washington

Elementary

School

Improvement

Project

of

2022,

Series

2025B

-

BAM

Insured

.000

07/01/44

619,869

1,250,000

Maricopa

County

School

District

Roosevelt

Elementary,

Arizona,

General

Obligation

Bonds,

School

Improvement

Project

of

2020,

Series

2024C

-

AGM

Insured

.000

07/01/43

1,289,327

1,500,000

Maricopa

County

Special

Health

Care

District,

Arizona,

General

Obligation

Bonds,

Series

2018C

.000

07/01/36

1,546,711

1,275,000

Maricopa

County

Union

High

School

District

Phoenix,

Arizona,

General

Obligation

Bonds,

School

Improvement

&

Project

of

2011

Series

2017E

.000

07/01/33

1,314,806

1,295,000

Maricopa

County

Union

High

School

District

Agua

Fria,

Arizona,

General

Obligation

Bonds,

School

Improvement,

Project

of

2023,

Series

2024A

.000

07/01/43

1,348,193

200,000

Maricopa

County

Union

High

School

District

Agua

Fria,

Arizona,

General

Obligation

Bonds,

School

Improvement,

Projects

of

2023

and

2024,

Series

2025

.000

07/01/44

207,981

1,000,000

Mohave

County

Union

High

School

District

Colorado

River,

Arizona,

General

Obligation

Bonds,

School

Improvement

Series

2017

.000

07/01/34

1,026,342

1,000,000

Mohave

County

Union

High

School

District

Colorado

River,

Arizona,

General

Obligation

Bonds,

School

Improvement

Series

2017

.000

07/01/36

1,023,318

690,000

Northwest

Fire

District

of

Pima

County,

Arizona,

General

Obligation

Bonds,

Series

2017

.000

07/01/36

707,352

2,000,000

Paradise

Valley

Unified

School

District

No.

69,

Maricopa

County,

Arizona,

General

Obligation

Bonds,

School

Improvement

Project

of

2019,

Series

2022D

.000

07/01/41

1,889,523

1,000,000

Phoenix,

Arizona,

General

Obligation

Bonds,

Various

Purpose

Series

2024A

.000

07/01/45

1,041,087

200,000

Pima

County

Unified

School

District

1,

Tucson,

Arizona,

General

Obligation

Bonds,

Project

of

2023

School

Improvement

Series

2024A

-

AGM

Insured

.000

07/01/43

208,077

750,000

Pima

County

Unified

School

District

Marana,

Arizona,

General

Obligation

Bonds,

School

Improvement,

Project

of

2022,

Series

2025C

.000

07/01/43

773,523

620,000

Pinal

County

School

District

Casa

Grande

Elementary,

Arizona,

General

Obligation

Bonds,

School

improvement

Project

2016,

Series

2017A

-

BAM

Insured

.000

07/01/34

637,471

1,000,000

Pinal

County

School

District

Casa

Grande

Elementary,

Arizona,

General

Obligation

Bonds,

School

improvement

Project

2016,

Series

2017A

-

BAM

Insured

.000

07/01/35

1,026,561

550,000

Pinal

County

Unified

School

District

Maricopa,

Arizona,

General

Obligation

Bonds,

School

Improvement

Project

of

2024,

Series

2025A

-

BAM

Insured

.000

07/01/44

568,005

2,000,000

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

.000

07/01/46

1,644,972

500,000

Tempe

Union

High

School

District

213,

Maricopa

County,

Arizona,

General

Obligation

Bonds,

School

Improvement

Project

of

2022,

Series

2025B

.000

07/01/43

525,162

#### Portfolio

#### of

#### Investments

#### May

#### 31,

#### 2025
(continued)

#### NAZ

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TAX

OBLIGATION/GENERAL

(continued)

$

1,025,000

Tempe,

Arizona,

General

Obligation

Bonds,

Refunding

Series

2024

.000

%

07/01/44

$

1,075,272

950,000

Tempe,

Arizona,

General

Obligation

Bonds,

Series

2021

.000

07/01/39

1,005,998

295,000

Western

Maricopa

Education

Center

District

402,

Maricopa

County,

Arizona,

General

Obligation

Bonds,

School

Improvement

Project

2012,

Series2014B

.500

07/01/33

295,156

TOTAL

TAX

OBLIGATION/GENERAL

27,415,995

TAX

OBLIGATION/LIMITED

-

40.6%

(24.4%

of

Total

Investments)

100,000

(b) Arizona

Industrial

Development

Authority,

Arizona,

Economic

Development

Revenue

Bonds,

Linder

Village

Project

in

Meridian,

Ada

County,

Idaho,

Series

2020

.000

06/01/31

99,261

1,250,000

Arizona

State

Transportation

Board,

Highway

Revenue

Bonds,

Refunding

Series

2016

.000

07/01/35

1,266,988

275,000

Buckeye,

Arizona,

Excise

Tax

Revenue

Obligations,

Refunding

Series

2016

.000

07/01/36

275,558

1,000,000

Buckeye,

Arizona,

Excise

Tax

Revenue

Obligations,

Refunding

Series

2025

.500

07/01/43

978,071

1,000,000

Buckeye,

Arizona,

Excise

Tax

Revenue

Obligations,

Series

2015

.000

07/01/37

1,001,449

1,215,000

Cadence

Community

Facilities

District,

Mesa,

Arizona,

Special

Assessment

Revenue

Bonds,

Assessment

District

3,

Series

2020

.000

07/01/45

977,365

122,853

(b),(c)

Cahava

Springs

Revitalization

District,

Cave

Creek,

Arizona,

Special

Assessment

Bonds,

Series

2017A

.000

07/01/41

85,997

1,210,000

(b) Eastmark

Community

Facilities

District

1,

Mesa,

Arizona,

General

Obligation

Bonds,

Series

2015

.000

07/15/39

1,149,027

1,810,000

Eastmark

Community

Facilities

District

1,

Mesa,

Arizona,

General

Obligation

Bonds,

Series

2017

-

AGM

Insured

.000

07/15/42

1,833,021

2,445,000

Eastmark

Community

Facilities

District

1,

Mesa,

Arizona,

General

Obligation

Bonds,

Series

2018

-

BAM

Insured

.375

07/15/43

2,328,755

650,000

Eastmark

Community

Facilities

District

1,

Mesa,

Arizona,

General

Obligation

Bonds,

Series

2021

-

BAM

Insured

.000

07/15/41

587,054

484,000

Eastmark

Community

Facilities

District

1,

Mesa,

Arizona,

Special

Assessment

Revenue

Bonds,

Assessment

District

1,

Series

2013

.250

07/01/38

463,522

697,000

Eastmark

Community

Facilities

District

1,

Mesa,

Arizona,

Special

Assessment

Revenue

Bonds,

Assessment

District

1,

Series

2019

.200

07/01/43

621,171

2,280,000

Eastmark

Community

Facilities

District

1,

Mesa,

Arizona,

Special

Assessment

Revenue

Bonds,

Assessment

District

12,

Series

2021

.750

07/01/45

1,662,370

1,035,000

Eastmark

Community

Facilities

District

2,

Mesa,

Arizona,

General

Obligation

Bonds,

Series

2020

.500

07/15/44

715,873

105,000

Estrella

Mountain

Ranch

Community

Facilities

District,

Goodyear,

Arizona,

General

Obligation

Bonds,

Refunding

Series

2017

-

AGM

Insured

.000

07/15/32

108,291

1,145,000

Estrella

Mountain

Ranch

Community

Facilities

District,

Goodyear,

Arizona,

Special

Assessment

Revenue

Bonds,

Lucero

Assessment

District

2,

Series

2023

.750

07/01/46

1,103,907

500,000

Festival

Ranch

Community

Facilities

District,

Buckeye,

Arizona,

General

Obligation

Bonds,

Series

2016

-

BAM

Insured

.000

07/15/36

481,587

1,000,000

Festival

Ranch

Community

Facilities

District,

Buckeye,

Arizona,

General

Obligation

Bonds,

Series

2017

-

BAM

Insured

.000

07/15/37

1,012,529

590,000

Festival

Ranch

Community

Facilities

District,

Buckeye,

Arizona,

General

Obligation

Bonds,

Series

2018

-

BAM

Insured

.000

07/15/38

596,475

1,000,000

Festival

Ranch

Community

Facilities

District,

Buckeye,

Arizona,

General

Obligation

Bonds,

Series

2020

-

BAM

Insured

.000

07/15/40

914,255

2,000,000

Festival

Ranch

Community

Facilities

District,

Buckeye,

Arizona,

General

Obligation

Bonds,

Series

2022

-

AGM

Insured

.000

07/15/42

2,002,084

308,000

Festival

Ranch

Community

Facilities

District,

Buckeye,

Arizona,

Special

Assessment

Revenue

Bonds, Assessment

District

11,

Series

2017

.200

07/01/37

286,164

545,000

Goodyear

Community

Facilities

Utilities

District

1,

Arizona,

General

Obligation

Bonds,

Refunding

Series

2016

.000

07/15/32

547,595

1,500,000

Government

of

Guam,

Business

Privilege

Tax

Bonds,

Refunding

Series

2015D

.000

11/15/39

1,477,321

1,250,000

Guam

Government,

Limited

Obligation

Section

Revenue

Bonds,

Series

2016A

.000

12/01/46

1,235,673

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TAX

OBLIGATION/LIMITED

(continued)

$

615,000

Matching

Fund

Special

Purpose

Securitization

Corporation,

Virgin

Islands,

Revenue

Bonds,

Series

2022A

.000

%

10/01/39

$

590,400

200,000

Merrill

Ranch

Community

Facilities

District

2,

Florence,

Arizona,

General

Obligation

Bonds,

Series

2016

.000

07/15/31

202,871

385,000

Merrill

Ranch

Community

Facilities

District

2,

Florence,

Arizona,

General

Obligation

Bonds,

Series

2017

-

BAM

Insured

.000

07/15/42

386,877

400,000

Parkway

Community

Facilities

District

1,

Prescott

Valley,

Arizona,

General

Obligation

Bonds,

Series

2006

.350

07/15/31

328,024

1,625,000

Phoenix

Civic

Improvement

Corporation,

Arizona,

Excise

Tax

Revenue

Bonds,

Subordinate

Lien

Series

2020A

.000

07/01/45

1,500,572

580,000

Phoenix

Mesa

Gateway

Airport

Authority,

Arizona,

Special

Facility

Revenue

Bonds,

Mesa

Project,

Series

2012,

(AMT)

.000

07/01/38

578,798

1,000,000

Pinal

County,

Arizona,

Pledged

Revenue

Obligations,

Series

2014

.000

08/01/33

1,000,997

1,500,000

Pinal

County,

Arizona,

Pledged

Revenue

Obligations,

Series

2019

.000

08/01/38

1,459,771

9,520,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

.000

07/01/46

3,056,247

2,440,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Taxable

Restructured

Cofina

Project

Series

2019A-2

.784

07/01/58

2,187,478

390,000

Queen

Creek,

Arizona,

Excise

Tax

&

State

Shared

Revenue

Obligation

Bonds,

Refunding

Series

2016

.000

08/01/34

391,388

395,000

Queen

Creek,

Arizona,

Excise

Tax

&

State

Shared

Revenue

Obligation

Bonds,

Refunding

Series

2016

.000

08/01/36

395,188

2,500,000

Queen

Creek,

Arizona,

Excise

Tax

&

State

Shared

Revenue

Obligation

Bonds,

Series

2020

.000

08/01/45

2,252,258

2,000,000

Queen

Creek,

Arizona,

Excise

Tax

and

State

Shared

Revenue

Obligation

Bonds,

Series

2024

.000

08/01/49

2,052,341

1,000,000

Queen

Creek,

Arizona,

Excise

Tax

and

State

Shared

Revenue

Obligation

Bonds,

Series

2024

.000

08/01/54

1,021,159

280,000

Sedona,

Arizona,

Excise

Tax

Revenue

Bonds,

Series

2024

-

AGM

Insured

.000

07/01/54

281,781

1,650,000

Sundance

Community

Facilities

District,

Buckeye,

Arizona,

General

Obligation

Bonds,

Refunding

Series

2018

-

BAM

Insured

.000

07/15/39

1,691,643

347,000

Superstition

Vistas

Community

Facilities

District

1,

Apache

Junction,

Arizona,

Special

Assessment

Bonds, Assessment

Area

3,

Series

2024

.800

07/01/48

334,877

694,000

Superstition

Vistas

Community

Facilities

District

1,

Apache

Junction,

Arizona,

Special

Assessment

Revenue

Bonds,

Series

2023

.000

07/01/47

696,666

235,000

(a) Superstition

Vistas

Community

Facilities

District

2,

Arizona,

Special

Assessment

Bonds,

Assessment

Area

2,

Series

2025

.700

07/01/40

235,400

750,000

Tartesso

West

Community

Facility

District,

Buckeye,

Arizona,

General

Obligation

Bonds,

Series

2024

.000

07/15/47

664,043

2,500,000

Town

of

Queen

Creek,

Arizona,

Excise

Tax

and

State

Shared

Revenue

Obligation

Bonds,

Series

2022

.000

08/01/47

2,552,808

500,000

Verrado

District

Community

Faciliites

District,

Buckeye,

Arizona,

General

Obligation

Bonds,

Series

2023

-

BAM

Insured

.125

07/15/41

473,065

405,000

Vistancia

North

Community

Facilities

District,

Peoria,

Arizona,

General

Obligation

Bonds,

Series

2024

-

AGM

Insured

.375

07/15/49

366,302

175,000

(b) Vistancia

West

Community

Facilities

District,

Peoria,

Arizona,

General

Obligation

Bonds,

Series

2016

.250

07/15/25

174,987

4,240,000

Yavapai

County

Jail

District,

Arizona,

Pleged

Revenue

Obligation

Bonds,

Series

2020

-

BAM

Insured

.000

07/01/40

3,899,540

1,160,000

Yuma

County,

Arizona,

Pledge

Revenue

Obligations,

Series

2022

-

BAM

Insured

.250

07/15/42

1,109,690

TOTAL

TAX

OBLIGATION/LIMITED

53,696,534

TRANSPORTATION

-

9.3%

(5.6%

of

Total

Investments)

910,000

Phoenix

Civic

Improvement

Corporation,

Arizona,

Airport

Revenue

Bonds,

Junior

Lien

Series

2015A,

(Pre-refunded

7/15/25)

.000

07/01/40

911,960

2,185,000

Phoenix

Civic

Improvement

Corporation,

Arizona,

Airport

Revenue

Bonds,

Junior

Lien

Series

2015A

.000

07/01/45

2,189,706

2,000,000

Phoenix

Civic

Improvement

Corporation,

Arizona,

Airport

Revenue

Bonds,

Junior

Lien

Series

2019B,

(AMT)

.000

07/01/49

1,957,373

#### Portfolio

#### of

#### Investments

#### May

#### 31,

#### 2025
(continued)

#### NAZ

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TRANSPORTATION

(continued)

$

1,550,000

(a) Phoenix

Civic

Improvement

Corporation,

Arizona,

Airport

Revenue

Bonds,

Refunding

Junior

Lien

Series

2025

.000

%

07/01/45

$

1,592,553

1,000,000

Phoenix

Civic

Improvement

Corporation,

Arizona,

Airport

Revenue

Bonds,

Senior

Lien

Series

2017A,

(AMT)

.000

07/01/37

1,006,954

1,000,000

Phoenix

Civic

Improvement

Corporation,

Arizona,

Airport

Revenue

Bonds,

Senior

Lien

Series

2017A,

(AMT)

.000

07/01/42

989,487

1,500,000

Phoenix

Civic

Improvement

Corporation,

Arizona,

Airport

Revenue

Bonds,

Senior

Lien

Series

2018,

(AMT)

.000

07/01/43

1,481,739

1,045,000

Phoenix

Civic

Improvement

Corporation,

Arizona,

Rental

Car

Facility

Charge

Revenue

Bonds,

Series

2019A

.000

07/01/35

1,084,944

1,000,000

Phoenix

Civic

Improvement

Corporation,

Arizona,

Rental

Car

Facility

Charge

Revenue

Bonds,

Series

2019A

.000

07/01/38

1,026,545

TOTAL

TRANSPORTATION

12,241,261

U.S.

GUARANTEED

-

1.8%

(1.1%

of

Total

Investments)

(e) 550,000

Estrella

Mountain

Ranch

Community

Facilities

District,

Goodyear,

Arizona,

General

Obligation

Bonds,

Refunding

Series

2017,

(Pre-

refunded

7/15/27)

-

AGM

Insured

.000

07/15/32

574,703

55,000

Goodyear

Community

Facilities

Utilities

District

1,

Arizona,

General

Obligation

Bonds,

Refunding

Series

2016,

(Pre-refunded

7/15/26)

.000

07/15/32

55,587

150,000

Queen

Creek,

Arizona,

Excise

Tax

&

State

Shared

Revenue

Obligation

Bonds,

Refunding

Series

2016,

(Pre-refunded

8/01/26)

.000

08/01/34

151,331

150,000

Queen

Creek,

Arizona,

Excise

Tax

&

State

Shared

Revenue

Obligation

Bonds,

Refunding

Series

2016,

(Pre-refunded

8/01/26)

.000

08/01/36

151,331

1,320,000

Scottsdale

Municipal

Property

Corporation,

Arizona,

Excise

Tax

Revenue

Bonds,

Refunding

Series

2017,

(Pre-refunded

7/01/27)

.000

07/01/36

1,379,604

TOTAL

U.S.

GUARANTEED

2,312,556

UTILITIES

-

32.2%

(19.4%

of

Total

Investments)

30,000

Carefree

Utilities

Community

Facilities

District,

Arizona,

Water

System

Revenue

Bonds,

Series

2021

.000

07/01/41

28,296

650,000

Carefree

Utilities

Community

Facilities

District,

Arizona,

Water

System

Revenue

Bonds,

Series

2021

.000

07/01/46

588,103

655,000

Central

Arizona

Water

Conservation

District,

Arizona,

Water

Delivery

O&M

Revenue

Bonds,

Series

2016

.000

01/01/36

659,422

2,615,000

City

of

Mesa,

Arizona,

Utility

System

Revenue

Bonds,

Series

2022C

.000

07/01/36

2,925,641

1,250,000

Gilbert

Water

Resource

Municipal

Property

Corporation,

Arizona,

Utility

System

Revenue

Bonds,

Senior

Lien

Green

Series

2022

.000

07/15/47

1,156,430

785,000

Goodyear,

Arizona,

Water

and

Sewer

Revenue

Obligations,

Refunding

Subordinate

Lien

Series

2016

-

AGM

Insured

.000

07/01/45

789,622

875,000

Goodyear,

Arizona,

Water

and

Sewer

Revenue

Obligations,

Subordinate

Lien

Series

2020

-

AGM

Insured

.000

07/01/49

758,523

1,825,000

Goodyear,

Arizona,

Water

and

Sewer

Revenue

Obligations,

Subordinate

Lien

Series

2025

.000

07/01/43

1,909,752

200,000

Guam

Power

Authority,

Revenue

Bonds,

Refunding

Series

2024A

.000

10/01/42

204,027

1,700,000

Mesa,

Arizona,

Utility

System

Revenue

Bonds,

Series

2018

.000

07/01/42

1,717,826

1,205,000

Mesa,

Arizona,

Utility

System

Revenue

Bonds,

Series

2022A

-

BAM

Insured

.000

07/01/46

1,236,440

500,000

Mesa,

Arizona,

Utility

System

Revenue

Bonds,

Series

2025

.500

07/01/49

476,827

1,840,000

Phoenix

Civic

Improvement

Corporation,

Arizona,

Wastewater

System

Revenue

Bonds,

Junior

Lien

Series

2023

.250

07/01/47

1,920,070

1,135,000

Phoenix

Civic

Improvement

Corporation,

Arizona,

Wastewater

System

Revenue

Bonds,

Refunding

Junior

Lien

Series

2014

.000

07/01/29

1,136,312

1,000,000

Phoenix

Civic

Improvement

Corporation,

Arizona,

Water

System

Revenue

Bonds,

Junior

Lien

Series

2021A

.000

07/01/42

943,062

1,000,000

(b) Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2021B

.000

07/01/37

1,011,747

2,500,000

Salt

River

Project

Agricultural

Improvement

and

Power

District,

Arizona,

Electric

System

Revenue

Bonds,

Series

2023A

.000

01/01/47

2,562,141

4,000,000

Salt

River

Project

Agricultural

Improvement

and

Power

District,

Arizona,

Electric

System

Revenue

Bonds,

Series

2023A

.000

01/01/50

4,073,160

All

percentages

shown

in

the

Portfolio

of

Investments

are

based

on

net

assets

applicable

to

common

shares

unless

otherwise

noted.

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

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

–

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

UTILITIES

(continued)

$

1,155,000

Salt

River

Project

Agricultural

Improvement

and

Power

District,

Arizona,

Electric

System

Revenue

Bonds,

Series

2023B

.000

%

01/01/48

$

1,187,817

3,000,000

Salt

River

Project

Agricultural

Improvement

and

Power

District,

Arizona,

Electric

System

Revenue

Bonds,

Series

2024A

.000

01/01/49

3,083,773

4,500,000

Salt

Verde

Financial

Corporation,

Arizona,

Senior

Gas

Revenue

Bonds,

Citigroup

Energy

Inc

Prepay

Contract

Obligations,

Series

2007

.500

12/01/29

4,787,853

5,665,000

Salt

Verde

Financial

Corporation,

Arizona,

Senior

Gas

Revenue

Bonds,

Citigroup

Energy

Inc

Prepay

Contract

Obligations,

Series

2007

.000

12/01/37

5,863,828

805,000

Surprise,

Arizona,

Utility System

Revenue

Bonds,

Refunding

Senior

Lien

Series

2018

.000

07/01/36

830,540

3,000,000

Yuma,

Arizona,

Utilities

System

Revenue

Bonds,

Series

2021

-

BAM

Insured

.000

07/01/40

2,830,138

TOTAL

UTILITIES

42,681,350

TOTAL

MUNICIPAL

BONDS

(Cost

$230,972,372)

219,731,312

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$230,972,372)

219,731,312

AMTP

SHARES,

NET

-

(66.7)%

(f) (88,269,562)

OTHER

ASSETS

&

LIABILITIES,

NET

-

0.7%

940,448

NET

ASSETS

APPLICABLE

TO

COMMON

SHARES

-

100%

$

132,402,198

AMT

Alternative

Minimum

Tax

(a) When-issued

or

delayed

delivery

security.

(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

reporting

period,

the

aggregate

value

of

these

securities

is

$13,811,129

or

6.3%

of

Total

Investments.

(c) Defaulted

security.

A

security

whose

issuer

has

failed

to

fully

pay

principal

and/or

interest

when

due,

or

is

under

the

protection

of

bankruptcy.

(d) 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

reporting

period.

(e) 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.

(f) AMTP

Shares,

Net

as

a

percentage

of

Total

Investments

is

40.2%.

#### Portfolio

#### of

#### Investments

#### May

#### 31,

#### 2025
(continued)

#### NAZ

NAZ

Level

Level

Level

Total

Long-Term

Investments:

Municipal

Bonds

$

–

$

219,731,312

$

–

$

219,731,312

Total

$

–

$

219,731,312

$

–

$

219,731,312

## 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 Arizona Quality Municipal Income Fund

- **b. Investment Company Act file number:** 811-07278

- **c. CIK number of Registrant:** 0000892992

- **d. LEI of Registrant:** 549300DWXOLUWN2P0B05

- **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 Arizona Quality Municipal Income Fund

- **c. LEI of Series:** 549300DWXOLUWN2P0B05

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $225315007.00

**Total Liabilities:** $92957694.00

**Net Assets:** $132357313.00

**Delayed Delivery Securities:** $3654854.00

**Cash Not Reported:** $100551.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -51.02000000 | **1-Year:** -643.57000000 | **5-Year:** -2843.41000000 | **10-Year:** -75976.14000000 | **30-Year:** -76237.22000000

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

- **3-Month:** 0.00000000 | **1-Year:** -11.27000000 | **5-Year:** -178.18000000 | **10-Year:** -10374.99000000 | **30-Year:** -9546.12000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -2.86%               | -1.85%               | -1.29%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-51489.12               | $-4417618.38                               |
| Month 2  | $-185191.94              | $-2622586.11                               |
| Month 3  | $-70375.73               | $-2030198.18                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Yavapai County Jail District, Arizona, Pleged Revenue Obligation Bonds, Series 2020                                                                    | Yavapai County Jail District, Arizona, Pleged Revenue Obligation Bonds, Series 2020                                                                    | CUSIP: 98521SBC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4240000 | PA      | $3899539.87   | 2.95%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority, Pima County, Arizona, Education Revenue Bonds, Center for Academic Success Project, Refunding Series 2019            | Industrial Development Authority, Pima County, Arizona, Education Revenue Bonds, Center for Academic Success Project, Refunding Series 2019            | CUSIP: 72177MSK4<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    340000 | PA      | $327583.98    | 0.25%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Highland Prep Project, Series 2019                                 | Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Highland Prep Project, Series 2019                                 | CUSIP: 56681NDK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1644710.38   | 1.24%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Legacy Traditional Schools Projects, Series 2021A                  | Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Legacy Traditional Schools Projects, Series 2021A                  | CUSIP: 56681NGS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $604943.50    | 0.46%             | 2041-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, University of Indianapolis - Health Pavilion Project, Series 2019A             | Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, University of Indianapolis - Health Pavilion Project, Series 2019A             | CUSIP: 04052HAK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1426519.33   | 1.08%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Series 2023A                                   | Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Series 2023A                                   | CUSIP: 79574CFL2<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2562141.00   | 1.94%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Champion Schools Project, Series 2017                         | Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Champion Schools Project, Series 2017                         | CUSIP: 72177PBT6<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    120000 | PA      | $120667.86    | 0.09%             | 2037-06-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Legacy Traditional Schools Projects, Series 2016A                 | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Legacy Traditional Schools Projects, Series 2016A                 | CUSIP: 71885FFF9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    650000 | PA      | $628934.02    | 0.48%             | 2041-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Arizona Board of Regents, Arizona State University System Revenue Bonds, Green Series 2024A                                                            | Arizona Board of Regents, Arizona State University System Revenue Bonds, Green Series 2024A                                                            | CUSIP: 040664LL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037950.00   | 1.54%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mesa, Arizona, Utility System Revenue Bonds, Series 2022A                                                                                              | Mesa, Arizona, Utility System Revenue Bonds, Series 2022A                                                                                              | CUSIP: 590545W54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1236439.78   | 0.93%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority, Arizona, Economic Development Revenue Bonds, Convertible Capital Appreciation Revenue Bonds, Series 202 | Sierra Vista Industrial Development Authority, Arizona, Economic Development Revenue Bonds, Convertible Capital Appreciation Revenue Bonds, Series 202 | CUSIP: 82652PAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $485964.75    | 0.37%             | 2056-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Villa Montessori, Inc. Projects, Series 2015                      | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Villa Montessori, Inc. Projects, Series 2015                      | CUSIP: 71885FED5<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |     55000 | PA      | $54927.17     | 0.04%             | 2025-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Yuma Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yuma Regional Medical Center, Series 2024A                                     | Yuma Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yuma Regional Medical Center, Series 2024A                                     | CUSIP: 988514DD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $423499.85    | 0.32%             | 2054-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Queen Creek, Arizona, Excise Tax and State Shared Revenue Obligation Bonds, Series 2024                                                                | Queen Creek, Arizona, Excise Tax and State Shared Revenue Obligation Bonds, Series 2024                                                                | CUSIP: 74823YHD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021159.00   | 0.77%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eastmark Community Facilities District 1, Mesa, Arizona, Special Assessment Revenue Bonds, Assessment District 1, Series 2013                          | Eastmark Community Facilities District 1, Mesa, Arizona, Special Assessment Revenue Bonds, Assessment District 1, Series 2013                          | CUSIP: 277484AP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    484000 | PA      | $463521.62    | 0.35%             | 2038-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority, Arizona, Revenue Bonds, Friendship Village of Tempe Project, Refunding Series 2021A                            | Tempe Industrial Development Authority, Arizona, Revenue Bonds, Friendship Village of Tempe Project, Refunding Series 2021A                            | CUSIP: 87972MBR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1304211.66   | 0.99%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District 216 Agua Fria, Arizona, General Obligation Bonds, School Improvement, Projects of 2023 and 2024, Series 202 | Maricopa County Union High School District 216 Agua Fria, Arizona, General Obligation Bonds, School Improvement, Projects of 2023 and 2024, Series 202 | CUSIP: 567541SQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207981.40    | 0.16%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Education Facility Revenue Bonds, Caurus Academy Project, Series 2018A                                       | Arizona Industrial Development Authority, Education Facility Revenue Bonds, Caurus Academy Project, Series 2018A                                       | CUSIP: 04052BHH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1050000.00   | 0.79%             | 2039-06-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D                                                                               | Government of Guam, Business Privilege Tax Bonds, Refunding Series 2015D                                                                               | CUSIP: 40065NCJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1477320.60   | 1.12%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pinal County, Arizona, Pledged Revenue Obligations, Series 2014                                                                                        | Pinal County, Arizona, Pledged Revenue Obligations, Series 2014                                                                                        | CUSIP: 72205RBN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000997.20   | 0.76%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County School District 214 Tolleson Union High, Arizona, General Obligation Bonds, School Improvement Project 1990, Series 1990A              | Maricopa County School District 214 Tolleson Union High, Arizona, General Obligation Bonds, School Improvement Project 1990, Series 1990A              | CUSIP: 567527TN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2369781.23   | 1.79%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pima County Industrial Development Authority, Arizona, Education Revenue Bonds, Noah Webster Schools Mesa Project, Series 2015A                        | Pima County Industrial Development Authority, Arizona, Education Revenue Bonds, Noah Webster Schools Mesa Project, Series 2015A                        | CUSIP: 72177MQS9<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    500000 | PA      | $482261.00    | 0.36%             | 2034-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Mesa, Arizona, Utility System Revenue Bonds, Series 2025                                                                                               | Mesa, Arizona, Utility System Revenue Bonds, Series 2025                                                                                               | CUSIP: 5905453N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $476826.75    | 0.36%             | 2049-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Festival Ranch Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Series 2022                                                  | Festival Ranch Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Series 2022                                                  | CUSIP: 315598HD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002084.20   | 1.51%             | 2042-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc Prepay Contract Obligations, Series 2007                     | Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc Prepay Contract Obligations, Series 2007                     | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   5665000 | PA      | $5863827.34   | 4.43%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents, University of Arizona, System Revenue Bonds, Refunding Series 2025A                                                          | Arizona Board of Regents, University of Arizona, System Revenue Bonds, Refunding Series 2025A                                                          | CUSIP: 040484J24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2049033.20   | 1.55%             | 2050-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Reid Traditional School Projects, Series 2016                      | Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Reid Traditional School Projects, Series 2016                      | CUSIP: 56681NAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $511120.95    | 0.39%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tempe Union High School District 213, Maricopa County, Arizona, General Obligation Bonds, School Improvement Project of 2022, Series 2025B             | Tempe Union High School District 213, Maricopa County, Arizona, General Obligation Bonds, School Improvement Project of 2022, Series 2025B             | CUSIP: 879743QS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $525161.80    | 0.40%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Montessori Academy Projects, Refunding Series 2017A               | Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Montessori Academy Projects, Refunding Series 2017A               | CUSIP: 04052BCV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $208691.04    | 0.16%             | 2050-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Pinal County Community College District, Arizona, Revenue Bonds, Central Arizona College, Series 2017                                                  | Pinal County Community College District, Arizona, Revenue Bonds, Central Arizona College, Series 2017                                                  | CUSIP: 722042GY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $739533.58    | 0.56%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glendale, Arizona, General Obligation Bonds, Series 2024                                                                                               | Glendale, Arizona, General Obligation Bonds, Series 2024                                                                                               | CUSIP: 378280YX3<br>LEI: 5493002BC35ZY7XRQ949 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052626.80   | 0.80%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents, Arizona State University System Revenue Bonds, Green Series 2016B                                                            | Arizona Board of Regents, Arizona State University System Revenue Bonds, Green Series 2016B                                                            | CUSIP: 04048RQM1<br>LEI: 254900BLZ1MCZ5JLK411 | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2176891.60   | 1.64%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc. Projects, Series 2017G                        | Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc. Projects, Series 2017G                        | CUSIP: 04052BEY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $357317.57    | 0.27%             | 2047-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Festival Ranch Community Facilities District, Buckeye, Arizona, Special Assessment Revenue Bonds,  Assessment District 11, Series 2017                 | Festival Ranch Community Facilities District, Buckeye, Arizona, Special Assessment Revenue Bonds,  Assessment District 11, Series 2017                 | CUSIP: 315599CM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    308000 | PA      | $286163.75    | 0.22%             | 2037-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Vista College Preparatory Project, Series 2018A                   | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Vista College Preparatory Project, Series 2018A                   | CUSIP: 71885FFZ5<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    900000 | PA      | $832258.44    | 0.63%             | 2038-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth, Series 2019A                                           | Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth, Series 2019A                                           | CUSIP: 56678PAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1259657.25   | 0.95%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Civic Improvement Corporation, Arizona, Excise Tax Revenue Bonds, Subordinate Lien Series 2020A                                                | Phoenix Civic Improvement Corporation, Arizona, Excise Tax Revenue Bonds, Subordinate Lien Series 2020A                                                | CUSIP: 71884AE54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1500572.45   | 1.13%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vistancia West Community Facilities District, Peoria, Arizona, General Obligation Bonds, Series 2016                                                   | Vistancia West Community Facilities District, Peoria, Arizona, General Obligation Bonds, Series 2016                                                   | CUSIP: 92840WAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $174987.14    | 0.13%             | 2025-07-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Revenue Bonds,  Arizona Agribusiness and Equine Center, Inc. Project, Series 2017B        | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds,  Arizona Agribusiness and Equine Center, Inc. Project, Series 2017B        | CUSIP: 04052BED2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $337112.40    | 0.25%             | 2048-03-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Arizona Board of Regents, Arizona State University System Revenue Bonds, Series 2015D                                                                  | Arizona Board of Regents, Arizona State University System Revenue Bonds, Series 2015D                                                                  | CUSIP: 04048RNW2<br>LEI: 254900BLZ1MCZ5JLK411 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500208.80   | 1.13%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Arizona University, System Revenue Bonds, Refunding Series 2020B                                                                              | Northern Arizona University, System Revenue Bonds, Refunding Series 2020B                                                                              | CUSIP: 6647546D5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033789.70   | 0.78%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth, Series 2021A                                           | Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth, Series 2021A                                           | CUSIP: 56678PBM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3275000 | PA      | $2741569.97   | 2.07%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Series 2023A                                   | Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Series 2023A                                   | CUSIP: 79574CFM0<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4073160.00   | 3.08%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yuma Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yuma Regional Medical Center, Series 2024A                                     | Yuma Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yuma Regional Medical Center, Series 2024A                                     | CUSIP: 988514DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2155812.71   | 1.63%             | 2049-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, San Tan Montessori School Project, Series 2017                | Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, San Tan Montessori School Project, Series 2017                | CUSIP: 72177MRV1<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    115000 | PA      | $116373.11    | 0.09%             | 2050-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Refunding Series 2016A                                        | Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Refunding Series 2016A                                        | CUSIP: 56682HBW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1278207.75   | 0.97%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, GreatHearts Arizona Projects, Series 2021A                                 | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, GreatHearts Arizona Projects, Series 2021A                                 | CUSIP: 04052BNB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $131108.89    | 0.10%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Mesa Gateway Airport Authority, Arizona, Special Facility Revenue Bonds, Mesa Project, Series 2012                                             | Phoenix Mesa Gateway Airport Authority, Arizona, Special Facility Revenue Bonds, Mesa Project, Series 2012                                             | CUSIP: 71910EAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $578798.01    | 0.44%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien Series 2017A                                                        | Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien Series 2017A                                                        | CUSIP: 71883MLE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989486.90    | 0.75%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Union High School District 201, Maricopa County, Arizona, General Obligation Bonds, School Improvement Project, Refunding Series 2017          | Buckeye Union High School District 201, Maricopa County, Arizona, General Obligation Bonds, School Improvement Project, Refunding Series 2017          | CUSIP: 118106JM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $590272.69    | 0.45%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, GreatHearts Arizona Projects, Series 2021A                                 | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, GreatHearts Arizona Projects, Series 2021A                                 | CUSIP: 04052BNC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $137205.29    | 0.10%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Civic Improvement Corporation, Arizona, Water System Revenue Bonds, Junior Lien Series 2021A                                                   | Phoenix Civic Improvement Corporation, Arizona, Water System Revenue Bonds, Junior Lien Series 2021A                                                   | CUSIP: 71883RRH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $943061.80    | 0.71%             | 2042-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Pinecrest Academy of Nevada Horizon, Inspirada and St. Rose Campus Project | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Pinecrest Academy of Nevada Horizon, Inspirada and St. Rose Campus Project | CUSIP: 04052BHD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $459589.63    | 0.35%             | 2038-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Pima County Unified School District 1, Tucson, Arizona, General Obligation Bonds, Project of 2023 School Improvement Series 2024A                      | Pima County Unified School District 1, Tucson, Arizona, General Obligation Bonds, Project of 2023 School Improvement Series 2024A                      | CUSIP: 721799J88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $208077.06    | 0.16%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix and Maricopa County Industrial Development Authority, Arizona, Single Family Mortgage Revenue Bonds, Series 2024A                              | Phoenix and Maricopa County Industrial Development Authority, Arizona, Single Family Mortgage Revenue Bonds, Series 2024A                              | CUSIP: 566736FM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $766291.93    | 0.58%             | 2054-09-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc. Projects, Series 2017F                        | Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc. Projects, Series 2017F                        | CUSIP: 04052BEU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $964226.30    | 0.73%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golder Ranch Fire District, Pima and Pinal Counties, Arizona, General Obligation Bonds, Series 2021                                                    | Golder Ranch Fire District, Pima and Pinal Counties, Arizona, General Obligation Bonds, Series 2021                                                    | CUSIP: 38138PBJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $1917057.39   | 1.45%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Glendale Industrial Development Authority, Arizona, Senior Living Revenue Bonds, Royal Oaks Royal Oaks - Inspirata Pointe Project, Series 2020A        | Glendale Industrial Development Authority, Arizona, Senior Living Revenue Bonds, Royal Oaks Royal Oaks - Inspirata Pointe Project, Series 2020A        | CUSIP: 378287AZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $929586.50    | 0.70%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2015                                                         | Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2015                                                         | CUSIP: 277482AS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1149026.65   | 0.87%             | 2039-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Gilbert Water Resource Municipal Property Corporation, Arizona, Utility System Revenue Bonds, Senior Lien Green Series 2022                            | Gilbert Water Resource Municipal Property Corporation, Arizona, Utility System Revenue Bonds, Senior Lien Green Series 2022                            | CUSIP: 37530ACH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1156429.75   | 0.87%             | 2047-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Carefree Utilities Community Facilities District, Arizona, Water System Revenue Bonds, Series 2021                                                     | Carefree Utilities Community Facilities District, Arizona, Water System Revenue Bonds, Series 2021                                                     | CUSIP: 14169FAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $28296.21     | 0.02%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County School District 6, Arizona, General Obligation Bonds, Washington Elementary School Improvement Project of 2022, Series 2025B           | Maricopa County School District 6, Arizona, General Obligation Bonds, Washington Elementary School Improvement Project of 2022, Series 2025B           | CUSIP: 567031VP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $619869.06    | 0.47%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Industrial Development Authority, Arizona, Lease Revenue Bonds, Eastern Kentucky University Project, Series 2016                               | Phoenix Industrial Development Authority, Arizona, Lease Revenue Bonds, Eastern Kentucky University Project, Series 2016                               | CUSIP: 71885MBH4<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2005572.10   | 1.52%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc. Projects, Series 2017D                        | Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc. Projects, Series 2017D                        | CUSIP: 04052BCR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $235077.35    | 0.18%             | 2047-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Arizona Board of Regents, Arizona State University System Revenue Bonds, Series 2020B                                                                  | Arizona Board of Regents, Arizona State University System Revenue Bonds, Series 2020B                                                                  | CUSIP: 040664BR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2030000 | PA      | $1790734.66   | 1.35%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico, General Obligation Bonds, Restructured Series 2022A-1                                                                                     | Puerto Rico, General Obligation Bonds, Restructured Series 2022A-1                                                                                     | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1644972.00   | 1.24%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tucson and Pima County Industrial Development Authority, Arizona, Joint Single Family Mortgage Revenue Bonds, Series 2023A                             | Tucson and Pima County Industrial Development Authority, Arizona, Joint Single Family Mortgage Revenue Bonds, Series 2023A                             | CUSIP: 898700GL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $725603.47    | 0.55%             | 2048-07-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Medical Center, Series 2021A                                              | Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Medical Center, Series 2021A                                              | CUSIP: 721901KX3<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1490263.65   | 1.13%             | 2051-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Great Hearts Academies Projects, Series 2017A                      | Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Great Hearts Academies Projects, Series 2017A                      | CUSIP: 56681NBQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $358731.19    | 0.27%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| McAllister Academic Village LLC, Arizona, Revenue Bonds, Arizona State University Hassayampa Academic Village Project, Refunding Series 2016           | McAllister Academic Village LLC, Arizona, Revenue Bonds, Arizona State University Hassayampa Academic Village Project, Refunding Series 2016           | CUSIP: 579173CM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $782489.45    | 0.59%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc. Projects, Series 2017F                        | Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc. Projects, Series 2017F                        | CUSIP: 04052BES9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1719551.70   | 1.30%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona State Transportation Board, Highway Revenue Bonds, Refunding Series 2016                                                                       | Arizona State Transportation Board, Highway Revenue Bonds, Refunding Series 2016                                                                       | CUSIP: 040654XE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1266987.63   | 0.96%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pinal County School District 4 Casa Grande Elementary, Arizona, General Obligation Bonds, School improvement Project 2016, Series 2017A                | Pinal County School District 4 Casa Grande Elementary, Arizona, General Obligation Bonds, School improvement Project 2016, Series 2017A                | CUSIP: 722086GA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $637470.86    | 0.48%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Arizona Autism Charter Schools Project, Social Series 2021A        | Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Arizona Autism Charter Schools Project, Social Series 2021A        | CUSIP: 56681NGL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $148378.60    | 0.11%             | 2051-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Maricopa County Union High School District 210 Phoenix, Arizona, General Obligation Bonds, School Improvement & Project of 2011 Series 2017E           | Maricopa County Union High School District 210 Phoenix, Arizona, General Obligation Bonds, School Improvement & Project of 2011 Series 2017E           | CUSIP: 567505NU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1314806.39   | 0.99%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mesa, Arizona, Utility System Revenue Bonds, Series 2018                                                                                               | Mesa, Arizona, Utility System Revenue Bonds, Series 2018                                                                                               | CUSIP: 590545D71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1717825.69   | 1.30%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County and Phoenix City Industrial Development Authority, Arizona, Single Family Mortgage Revenue Bonds, Series 2024C                         | Maricopa County and Phoenix City Industrial Development Authority, Arizona, Single Family Mortgage Revenue Bonds, Series 2024C                         | CUSIP: 566736HT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1808168.48   | 1.37%             | 2054-09-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2                               | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2                               | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2440000 | PA      | $2187477.81   | 1.65%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Goodyear, Arizona, Water and Sewer Revenue Obligations, Subordinate Lien Series 2025                                                                   | Goodyear, Arizona, Water and Sewer Revenue Obligations, Subordinate Lien Series 2025                                                                   | CUSIP: 382900GE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1909752.09   | 1.44%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Queen Creek, Arizona, Excise Tax & State Shared Revenue Obligation Bonds, Refunding Series 2016                                                        | Queen Creek, Arizona, Excise Tax & State Shared Revenue Obligation Bonds, Refunding Series 2016                                                        | CUSIP: 74823YFY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151330.80    | 0.11%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Special Health Care District, Arizona, General Obligation Bonds, Series 2018C                                                          | Maricopa County Special Health Care District, Arizona, General Obligation Bonds, Series 2018C                                                          | CUSIP: 56756TAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1546711.35   | 1.17%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Festival Ranch Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Series 2018                                                  | Festival Ranch Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Series 2018                                                  | CUSIP: 315598ER9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $596475.01    | 0.45%             | 2038-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| McAllister Academic Village LLC, Arizona, Revenue Bonds, Arizona State University Hassayampa Academic Village Project, Refunding Series 2016           | McAllister Academic Village LLC, Arizona, Revenue Bonds, Arizona State University Hassayampa Academic Village Project, Refunding Series 2016           | CUSIP: 579173CN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008105.60   | 0.76%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Goodyear, Arizona, Water and Sewer Revenue Obligations, Subordinate Lien Series 2020                                                                   | Goodyear, Arizona, Water and Sewer Revenue Obligations, Subordinate Lien Series 2020                                                                   | CUSIP: 382900EB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $758523.41    | 0.57%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Series 2023B                                   | Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Series 2023B                                   | CUSIP: 79574CFQ1<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1187816.90   | 0.90%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix and Maricopa County Industrial Development Authority, Arizona, Single Family Mortgage Revenue Bonds, Series 2023A                              | Phoenix and Maricopa County Industrial Development Authority, Arizona, Single Family Mortgage Revenue Bonds, Series 2023A                              | CUSIP: 566736EH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $969657.96    | 0.73%             | 2048-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, GreatHearts Arizona Projects, Series 2021A                                 | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, GreatHearts Arizona Projects, Series 2021A                                 | CUSIP: 04052BNA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $130035.20    | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Legacy Traditional Schools Projects, Series 2015                  | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Legacy Traditional Schools Projects, Series 2015                  | CUSIP: 71885FDU8<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    315000 | PA      | $315065.33    | 0.24%             | 2035-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Economic Development Revenue Bonds, Linder Village Project in Meridian, Ada County, Idaho, Series 2 | Arizona Industrial Development Authority, Arizona, Economic Development Revenue Bonds, Linder Village Project in Meridian, Ada County, Idaho, Series 2 | CUSIP: 040523AJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99261.27     | 0.07%             | 2031-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Buckeye, Arizona, Excise Tax Revenue Obligations, Series 2015                                                                                          | Buckeye, Arizona, Excise Tax Revenue Obligations, Series 2015                                                                                          | CUSIP: 118087CA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001449.40   | 0.76%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2015A                                                        | Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2015A                                                        | CUSIP: 71883MKD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2189706.05   | 1.65%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vistancia North Community Facilities District, Peoria, Arizona, General Obligation Bonds, Series 2024                                                  | Vistancia North Community Facilities District, Peoria, Arizona, General Obligation Bonds, Series 2024                                                  | CUSIP: 92841AAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $366301.85    | 0.28%             | 2049-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Edkey Charter Schools Project, Series 2016                    | Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Edkey Charter Schools Project, Series 2016                    | CUSIP: 72177PBN9<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    200000 | PA      | $140000.00    | 0.11%             | 2036-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Goodyear Community Facilities Utilities District 1, Arizona, General Obligation Bonds, Refunding Series 2016                                           | Goodyear Community Facilities Utilities District 1, Arizona, General Obligation Bonds, Refunding Series 2016                                           | CUSIP: 38251NGN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55587.01     | 0.04%             | 2032-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Scottsdale Municipal Property Corporation, Arizona, Excise Tax Revenue Bonds, Refunding Series 2017                                                    | Scottsdale Municipal Property Corporation, Arizona, Excise Tax Revenue Bonds, Refunding Series 2017                                                    | CUSIP: 810489SH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1379604.20   | 1.04%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tempe Industrial Development Authority, Arizona, Revenue Bonds, Mirabella at ASU Project, Series 2017A                                                 | Tempe Industrial Development Authority, Arizona, Revenue Bonds, Mirabella at ASU Project, Series 2017A                                                 | CUSIP: 87972MAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $705932.28    | 0.53%             | 2047-10-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Pinal County School District 4 Casa Grande Elementary, Arizona, General Obligation Bonds, School improvement Project 2016, Series 2017A                | Pinal County School District 4 Casa Grande Elementary, Arizona, General Obligation Bonds, School improvement Project 2016, Series 2017A                | CUSIP: 722086GB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026561.20   | 0.78%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, General Obligation Bonds, Refunding Series 2017                              | Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, General Obligation Bonds, Refunding Series 2017                              | CUSIP: 29758ABM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $574703.25    | 0.43%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, Special Assessment Revenue Bonds, Lucero Assessment District 2, Series 2023  | Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, Special Assessment Revenue Bonds, Lucero Assessment District 2, Series 2023  | CUSIP: 29758RCQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1103907.21   | 0.83%             | 2046-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Paradise Schools Projects, Series 2016                             | Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Paradise Schools Projects, Series 2016                             | CUSIP: 56681NAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $783061.07    | 0.59%             | 2047-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Student Housing Revenue Bonds, Provident Group - NCCU Properties LLC- North Carolina Central University, Ser | Arizona Industrial Development Authority, Student Housing Revenue Bonds, Provident Group - NCCU Properties LLC- North Carolina Central University, Ser | CUSIP: 04052VAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1828632.62   | 1.38%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc. Projects, Series 2017C                        | Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc. Projects, Series 2017C                        | CUSIP: 04052BCL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $518316.17    | 0.39%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2019A                                                  | Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2019A                                                  | CUSIP: 56682HCQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1801214.60   | 1.36%             | 2044-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1                                                             | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1                                                             | CUSIP: 74529JQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9520000 | PA      | $3056246.54   | 2.31%             | 2046-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Buckeye, Arizona, Excise Tax Revenue Obligations, Refunding Series 2016                                                                                | Buckeye, Arizona, Excise Tax Revenue Obligations, Refunding Series 2016                                                                                | CUSIP: 118087CX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275557.78    | 0.21%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cahava Springs Revitalization District, Cave Creek, Arizona, Special Assessment Bonds, Series 2017A                                                    | Cahava Springs Revitalization District, Cave Creek, Arizona, Special Assessment Bonds, Series 2017A                                                    | CUSIP: 12773CAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    122853 | PA      | $85996.95     | 0.06%             | 2041-07-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Eastmark Community Facilities District 1, Mesa, Arizona, Special Assessment Revenue Bonds, Assessment District 1, Series 2019                          | Eastmark Community Facilities District 1, Mesa, Arizona, Special Assessment Revenue Bonds, Assessment District 1, Series 2019                          | CUSIP: 277484EW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    697000 | PA      | $621170.72    | 0.47%             | 2043-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Tempe, Arizona, General Obligation Bonds, Series 2021                                                                                                  | Tempe, Arizona, General Obligation Bonds, Series 2021                                                                                                  | CUSIP: 8797098L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1005997.85   | 0.76%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Arizona Autism Charter Schools Project, Series 2020A               | Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Arizona Autism Charter Schools Project, Series 2020A               | CUSIP: 56681NEV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $709213.60    | 0.54%             | 2050-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Legacy Traditional Schools Projects, Series 2015                  | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Legacy Traditional Schools Projects, Series 2015                  | CUSIP: 71885FDV6<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    300000 | PA      | $282768.87    | 0.21%             | 2045-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Queen Creek, Arizona, Excise Tax & State Shared Revenue Obligation Bonds, Refunding Series 2016                                                        | Queen Creek, Arizona, Excise Tax & State Shared Revenue Obligation Bonds, Refunding Series 2016                                                        | CUSIP: 74823YGM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $395188.18    | 0.30%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pinal County Unified School District 20 Maricopa, Arizona, General Obligation Bonds, School Improvement Project of 2024, Series 2025A                  | Pinal County Unified School District 20 Maricopa, Arizona, General Obligation Bonds, School Improvement Project of 2024, Series 2025A                  | CUSIP: 72220EFN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $568005.19    | 0.43%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Surprise, Arizona, Utility  System Revenue Bonds, Refunding Senior Lien Series 2018                                                                    | Surprise, Arizona, Utility  System Revenue Bonds, Refunding Senior Lien Series 2018                                                                    | CUSIP: 86889CAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $830540.40    | 0.63%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Academies of Math & Science Projects, Series 2017B                         | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Academies of Math & Science Projects, Series 2017B                         | CUSIP: 04052BBQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $144918.54    | 0.11%             | 2027-07-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| City of Mesa, Arizona, Utility System Revenue Bonds, Series 2022C                                                                                      | City of Mesa, Arizona, Utility System Revenue Bonds, Series 2022C                                                                                      | CUSIP: 590545Y94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2615000 | PA      | $2925641.08   | 2.21%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yavapai County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yavapai Regional Medical Center, Series 2019                         | Yavapai County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yavapai Regional Medical Center, Series 2019                         | CUSIP: 985900ER6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $831356.97    | 0.63%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority, Revenue Bonds, Refunding Series 2024A                                                                                            | Guam Power Authority, Revenue Bonds, Refunding Series 2024A                                                                                            | CUSIP: 400653LD1<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |    200000 | PA      | $204026.62    | 0.15%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Great Hearts Academies Project, Series 2016A                      | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Great Hearts Academies Project, Series 2016A                      | CUSIP: 71885FEK9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    800000 | PA      | $772394.16    | 0.58%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District 216 Agua Fria, Arizona, General Obligation Bonds, School Improvement, Project of 2023, Series 2024A         | Maricopa County Union High School District 216 Agua Fria, Arizona, General Obligation Bonds, School Improvement, Project of 2023, Series 2024A         | CUSIP: 567541RY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1348192.90   | 1.02%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Festival Ranch Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Series 2016                                                  | Festival Ranch Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Series 2016                                                  | CUSIP: 315598CQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $481586.55    | 0.36%             | 2036-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mohave County Union High School District 2 Colorado River, Arizona, General Obligation Bonds, School Improvement Series 2017                           | Mohave County Union High School District 2 Colorado River, Arizona, General Obligation Bonds, School Improvement Series 2017                           | CUSIP: 608117EG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023318.20   | 0.77%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Social Bonds Pensar Academy Project, Series 2020                           | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Social Bonds Pensar Academy Project, Series 2020                           | CUSIP: 04052BLX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $114554.72    | 0.09%             | 2030-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2021                                                         | Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2021                                                         | CUSIP: 277482EA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $587053.74    | 0.44%             | 2041-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eastmark Community Facilities District 2, Mesa, Arizona, General Obligation Bonds, Series 2020                                                         | Eastmark Community Facilities District 2, Mesa, Arizona, General Obligation Bonds, Series 2020                                                         | CUSIP: 27748AAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $715872.86    | 0.54%             | 2044-07-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc. Projects, Series 2016A                        | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc. Projects, Series 2016A                        | CUSIP: 71885FEB9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |     70000 | PA      | $66051.42     | 0.05%             | 2046-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, GreatHearts Arizona Projects, Series 2021A                                 | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, GreatHearts Arizona Projects, Series 2021A                                 | CUSIP: 04052BND2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $132576.01    | 0.10%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yavapai County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yavapai Regional Medical Center, Refunding Series 2016               | Yavapai County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yavapai Regional Medical Center, Refunding Series 2016               | CUSIP: 985900EE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1030717.35   | 0.78%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix, Arizona, General Obligation Bonds, Various Purpose Series 2024A                                                                               | Phoenix, Arizona, General Obligation Bonds, Various Purpose Series 2024A                                                                               | CUSIP: 718814Z90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041086.60   | 0.79%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Hospital Revenue Bonds, Phoenix Children's Hospital, Series 2020A                                            | Arizona Industrial Development Authority, Hospital Revenue Bonds, Phoenix Children's Hospital, Series 2020A                                            | CUSIP: 04052EAY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4975000 | PA      | $4099365.18   | 3.10%             | 2050-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Queen Creek, Arizona, Excise Tax & State Shared Revenue Obligation Bonds, Refunding Series 2016                                                        | Queen Creek, Arizona, Excise Tax & State Shared Revenue Obligation Bonds, Refunding Series 2016                                                        | CUSIP: 74823YGK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $391388.21    | 0.30%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eastmark Community Facilities District 1, Mesa, Arizona, Special Assessment Revenue Bonds, Assessment District 12, Series 2021                         | Eastmark Community Facilities District 1, Mesa, Arizona, Special Assessment Revenue Bonds, Assessment District 12, Series 2021                         | CUSIP: 277484FD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $1662370.12   | 1.26%             | 2045-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Phoenix Civic Improvement Corporation, Arizona, Rental Car Facility Charge Revenue Bonds, Series 2019A                                                 | Phoenix Civic Improvement Corporation, Arizona, Rental Car Facility Charge Revenue Bonds, Series 2019A                                                 | CUSIP: 718846AZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026544.90   | 0.78%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2018                                                         | Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2018                                                         | CUSIP: 277482CG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2328755.41   | 1.76%             | 2043-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Pima County Community College District, Arizona, Revenue Bonds, Series 2019                                                                            | Pima County Community College District, Arizona, Revenue Bonds, Series 2019                                                                            | CUSIP: 721666CC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515863.60    | 0.39%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Civic Improvement Corporation, Arizona, Rental Car Facility Charge Revenue Bonds, Series 2019A                                                 | Phoenix Civic Improvement Corporation, Arizona, Rental Car Facility Charge Revenue Bonds, Series 2019A                                                 | CUSIP: 718846AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1084944.18   | 0.82%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Northwest Christian School Project, Series 2020A                  | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Northwest Christian School Project, Series 2020A                  | CUSIP: 71885FGT8<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $943982.30    | 0.71%             | 2045-09-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2015A                                                        | Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2015A                                                        | CUSIP: 71883MKC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $911959.96    | 0.69%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Reid Traditional School Projects, Series 2016                      | Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Reid Traditional School Projects, Series 2016                      | CUSIP: 56681NAT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $271824.51    | 0.21%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County School District 214 Tolleson Union High, Arizona, General Obligation Bonds, School Improvement Project 2017, Series 2018A              | Maricopa County School District 214 Tolleson Union High, Arizona, General Obligation Bonds, School Improvement Project 2017, Series 2018A              | CUSIP: 567527SS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $645694.56    | 0.49%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Verrado District 1 Community Faciliites District, Buckeye, Arizona, General Obligation Bonds, Series 2023                                              | Verrado District 1 Community Faciliites District, Buckeye, Arizona, General Obligation Bonds, Series 2023                                              | CUSIP: 92511QCE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $473064.75    | 0.36%             | 2041-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Phoenix Civic Improvement Corporation, Arizona, Wastewater System Revenue Bonds, Refunding Junior Lien Series 2014                                     | Phoenix Civic Improvement Corporation, Arizona, Wastewater System Revenue Bonds, Refunding Junior Lien Series 2014                                     | CUSIP: 71883PJU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1136311.83   | 0.86%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mohave County Union High School District 2 Colorado River, Arizona, General Obligation Bonds, School Improvement Series 2017                           | Mohave County Union High School District 2 Colorado River, Arizona, General Obligation Bonds, School Improvement Series 2017                           | CUSIP: 608117EE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026341.80   | 0.78%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tempe, Arizona, General Obligation Bonds, Refunding Series 2024                                                                                        | Tempe, Arizona, General Obligation Bonds, Refunding Series 2024                                                                                        | CUSIP: 87973ECX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1075272.46   | 0.81%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Multifamily Housing Revenue Bonds, Bridgewater Avondale Project, Series 2017                                 | Arizona Industrial Development Authority, Multifamily Housing Revenue Bonds, Bridgewater Avondale Project, Series 2017                                 | CUSIP: 04062PAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $458467.02    | 0.35%             | 2038-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Yuma County, Arizona, Pledge Revenue Obligations, Series 2022                                                                                          | Yuma County, Arizona, Pledge Revenue Obligations, Series 2022                                                                                          | CUSIP: 988636BJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1109690.22   | 0.84%             | 2042-07-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Goodyear, Arizona, Water and Sewer Revenue Obligations, Refunding Subordinate Lien Series 2016                                                         | Goodyear, Arizona, Water and Sewer Revenue Obligations, Refunding Subordinate Lien Series 2016                                                         | CUSIP: 382900DD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $789621.69    | 0.60%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sundance Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Refunding Series 2018                                              | Sundance Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Refunding Series 2018                                              | CUSIP: 86724PBX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1691643.20   | 1.28%             | 2039-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County School District 14 Creighton Elementary, Arizona, General Obligation Bonds, School Improvement Series 2021C                            | Maricopa County School District 14 Creighton Elementary, Arizona, General Obligation Bonds, School Improvement Series 2021C                            | CUSIP: 567099JR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1065855.80   | 0.81%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2017                                                         | Eastmark Community Facilities District 1, Mesa, Arizona, General Obligation Bonds, Series 2017                                                         | CUSIP: 277482BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1833021.21   | 1.38%             | 2042-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Queen Creek, Arizona, Excise Tax & State Shared Revenue Obligation Bonds, Refunding Series 2016                                                        | Queen Creek, Arizona, Excise Tax & State Shared Revenue Obligation Bonds, Refunding Series 2016                                                        | CUSIP: 74823YFW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151330.80    | 0.11%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien Series 2018                                                         | Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien Series 2018                                                         | CUSIP: 71883MNU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1481739.15   | 1.12%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Civic Improvement Corporation, Arizona, Wastewater System Revenue Bonds, Junior Lien Series 2023                                               | Phoenix Civic Improvement Corporation, Arizona, Wastewater System Revenue Bonds, Junior Lien Series 2023                                               | CUSIP: 71883PMN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1920070.54   | 1.45%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Yavapai County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yavapai Regional Medical Center, Series 2019                         | Yavapai County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yavapai Regional Medical Center, Series 2019                         | CUSIP: 985900ET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $574765.88    | 0.43%             | 2043-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Goodyear Community Facilities Utilities District 1, Arizona, General Obligation Bonds, Refunding Series 2016                                           | Goodyear Community Facilities Utilities District 1, Arizona, General Obligation Bonds, Refunding Series 2016                                           | CUSIP: 38251NGT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $547595.02    | 0.41%             | 2032-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Great Hearts Academies Projects, Series 2017C                      | Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Great Hearts Academies Projects, Series 2017C                      | CUSIP: 56681NCN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $477466.49    | 0.36%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, Children's National Prince County Regional Medical Center, Series 2020A        | Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, Children's National Prince County Regional Medical Center, Series 2020A        | CUSIP: 04052HBD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $858148.32    | 0.65%             | 2038-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Refunding Series 2016A                                        | Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Refunding Series 2016A                                        | CUSIP: 56682HBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018648.40   | 0.77%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Merrill Ranch Community Facilities District 2, Florence, Arizona, General Obligation Bonds, Series 2017                                                | Merrill Ranch Community Facilities District 2, Florence, Arizona, General Obligation Bonds, Series 2017                                                | CUSIP: 590206CC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $386877.26    | 0.29%             | 2042-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Festival Ranch Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Series 2017                                                  | Festival Ranch Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Series 2017                                                  | CUSIP: 315598DJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012528.60   | 0.76%             | 2037-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Superstition Vistas Community Facilities District 1, Apache Junction, Arizona, Special Assessment Revenue Bonds, Series 2023                           | Superstition Vistas Community Facilities District 1, Apache Junction, Arizona, Special Assessment Revenue Bonds, Series 2023                           | CUSIP: 86852AAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    694000 | PA      | $696665.72    | 0.53%             | 2047-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc Prepay Contract Obligations, Series 2007                     | Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc Prepay Contract Obligations, Series 2007                     | CUSIP: 79575EAQ1<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4787853.30   | 3.62%             | 2029-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority, Pima County, Arizona, Education Revenue Bonds, Center for Academic Success Project, Refunding Series 2019            | Industrial Development Authority, Pima County, Arizona, Education Revenue Bonds, Center for Academic Success Project, Refunding Series 2019            | CUSIP: 72177MSN8<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    360000 | PA      | $353110.32    | 0.27%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tartesso West Community Facility District, Buckeye, Arizona, General Obligation Bonds, Series 2024                                                     | Tartesso West Community Facility District, Buckeye, Arizona, General Obligation Bonds, Series 2024                                                     | CUSIP: 876498CT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $664043.48    | 0.50%             | 2047-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cadence Community Facilities District, Mesa, Arizona, Special Assessment Revenue Bonds, Assessment District 3, Series 2020                             | Cadence Community Facilities District, Mesa, Arizona, Special Assessment Revenue Bonds, Assessment District 3, Series 2020                             | CUSIP: 12738CAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $977364.71    | 0.74%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Yuma Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yuma Regional Medical Center, Series 2024A                                     | Yuma Industrial Development Authority, Arizona, Hospital Revenue Bonds, Yuma Regional Medical Center, Series 2024A                                     | CUSIP: 988514DE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1336185.65   | 1.01%             | 2054-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien Series 2017A                                                        | Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien Series 2017A                                                        | CUSIP: 71883MLD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006954.40   | 0.76%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Merrill Ranch Community Facilities District 2, Florence, Arizona, General Obligation Bonds, Series 2016                                                | Merrill Ranch Community Facilities District 2, Florence, Arizona, General Obligation Bonds, Series 2016                                                | CUSIP: 590206BZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202870.94    | 0.15%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2007                       | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2007                       | CUSIP: 158862CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $410528.29    | 0.31%             | 2037-12-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Tucson and Pima County Industrial Development Authority, Arizona, Joint Single Family Mortgage Revenue Bonds, Series 2024A                             | Tucson and Pima County Industrial Development Authority, Arizona, Joint Single Family Mortgage Revenue Bonds, Series 2024A                             | CUSIP: 898700HN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1054599.96   | 0.80%             | 2054-07-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2019B                                                        | Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2019B                                                        | CUSIP: 71883MQA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1957372.60   | 1.48%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sedona, Arizona, Excise Tax Revenue Bonds, Series 2024                                                                                                 | Sedona, Arizona, Excise Tax Revenue Bonds, Series 2024                                                                                                 | CUSIP: 81567LEM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $281780.74    | 0.21%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Somerset Academy of Las Vegas Aliante and Skye Canyon Campus Proj | Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Somerset Academy of Las Vegas Aliante and Skye Canyon Campus Proj | CUSIP: 04052BMS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $355324.70    | 0.27%             | 2041-12-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Carefree Utilities Community Facilities District, Arizona, Water System Revenue Bonds, Series 2021                                                     | Carefree Utilities Community Facilities District, Arizona, Water System Revenue Bonds, Series 2021                                                     | CUSIP: 14169FAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $588103.30    | 0.44%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Central Arizona Water Conservation District, Arizona, Water Delivery O&M Revenue Bonds, Series 2016                                                    | Central Arizona Water Conservation District, Arizona, Water Delivery O&M Revenue Bonds, Series 2016                                                    | CUSIP: 15240AAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $659422.49    | 0.50%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Honor Health, Series 2024D                                          | Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Honor Health, Series 2024D                                          | CUSIP: 56678PCL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503871.55    | 0.38%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Villa Montessori, Inc. Projects, Series 2015                      | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Villa Montessori, Inc. Projects, Series 2015                      | CUSIP: 71885FEF0<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400063.28    | 0.30%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Queen Creek, Arizona, Excise Tax & State Shared Revenue Obligation Bonds, Series 2020                                                                  | Queen Creek, Arizona, Excise Tax & State Shared Revenue Obligation Bonds, Series 2020                                                                  | CUSIP: 74823YEK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2252258.25   | 1.70%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Western Maricopa Education Center District 402, Maricopa County, Arizona, General Obligation Bonds, School Improvement Project 2012, Series2014B       | Western Maricopa Education Center District 402, Maricopa County, Arizona, General Obligation Bonds, School Improvement Project 2012, Series2014B       | CUSIP: 95855RBN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $295155.88    | 0.22%             | 2033-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Academies of Math & Science Projects, Series 2018A                         | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Academies of Math & Science Projects, Series 2018A                         | CUSIP: 04052BFT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $618648.36    | 0.47%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, General Obligation Bonds, Refunding Series 2017                              | Estrella Mountain Ranch Community Facilities District, Goodyear, Arizona, General Obligation Bonds, Refunding Series 2017                              | CUSIP: 29758ABN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $108290.98    | 0.08%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Honor Health, Series 2024D                                          | Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, Honor Health, Series 2024D                                          | CUSIP: 56678PCM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502249.40    | 0.38%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents, Arizona State University System Revenue Bonds, Refunding Green Series 2015A                                                  | Arizona Board of Regents, Arizona State University System Revenue Bonds, Refunding Green Series 2015A                                                  | CUSIP: 04048RLR5<br>LEI: 254900BLZ1MCZ5JLK411 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500208.80   | 1.13%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Legacy Traditional Schools Projects, Series 2024                   | Maricopa County Industrial Development Authority, Arizona, Education Revenue Bonds, Legacy Traditional Schools Projects, Series 2024                   | CUSIP: 56681NJA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $288014.47    | 0.22%             | 2044-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Pima County Unified School District 6 Marana, Arizona, General Obligation Bonds, School Improvement, Project of 2022, Series 2025C                     | Pima County Unified School District 6 Marana, Arizona, General Obligation Bonds, School Improvement, Project of 2022, Series 2025C                     | CUSIP: 721812SM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $773522.48    | 0.58%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye, Arizona, Excise Tax Revenue Obligations, Refunding Series 2025                                                                                | Buckeye, Arizona, Excise Tax Revenue Obligations, Refunding Series 2025                                                                                | CUSIP: 118087EN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $978071.30    | 0.74%             | 2043-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Guam Government, Limited Obligation Section 30 Revenue Bonds, Series 2016A                                                                             | Guam Government, Limited Obligation Section 30 Revenue Bonds, Series 2016A                                                                             | CUSIP: 40065HDV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1235672.88   | 0.93%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Festival Ranch Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Series 2020                                                  | Festival Ranch Community Facilities District, Buckeye, Arizona, General Obligation Bonds, Series 2020                                                  | CUSIP: 315598GC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $914255.20    | 0.69%             | 2040-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Superstition Vistas Community Facilities District 1, Apache Junction, Arizona, Special Assessment Bonds,  Assessment Area 3, Series 2024               | Superstition Vistas Community Facilities District 1, Apache Junction, Arizona, Special Assessment Bonds,  Assessment Area 3, Series 2024               | CUSIP: 86852AAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    347000 | PA      | $334877.07    | 0.25%             | 2048-07-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Phoenix Industrial Development Authority, Arizona, Multi-Family Housing Revenue Bonds, 3rd and Indian Road Assisted Living Project, Series 2016        | Phoenix Industrial Development Authority, Arizona, Multi-Family Housing Revenue Bonds, 3rd and Indian Road Assisted Living Project, Series 2016        | CUSIP: 718903RP4<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1410981.44   | 1.07%             | 2036-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Educational Facilities Revenue Bonds, Creighton University Projects, Series 2020            | Maricopa County Industrial Development Authority, Arizona, Educational Facilities Revenue Bonds, Creighton University Projects, Series 2020            | CUSIP: 56678RAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1656197.20   | 1.25%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Paradise Valley Unified School District No. 69, Maricopa County, Arizona, General Obligation Bonds, School Improvement Project of 2019, Series 2022D   | Paradise Valley Unified School District No. 69, Maricopa County, Arizona, General Obligation Bonds, School Improvement Project of 2019, Series 2022D   | CUSIP: 567373R56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1889522.60   | 1.43%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Desert Heights Charter School Project, Refunding Series 2024 | Sierra Vista Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Desert Heights Charter School Project, Refunding Series 2024 | CUSIP: 82652UAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $922946.90    | 0.70%             | 2057-06-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Maricopa County School District 66 Roosevelt Elementary, Arizona, General Obligation Bonds, School Improvement Project of 2020, Series 2024C           | Maricopa County School District 66 Roosevelt Elementary, Arizona, General Obligation Bonds, School Improvement Project of 2020, Series 2024C           | CUSIP: 567337UV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1289326.63   | 0.97%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Champion Schools Project, Series 2017                         | Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Champion Schools Project, Series 2017                         | CUSIP: 72177PBU3<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    680000 | PA      | $680568.21    | 0.51%             | 2047-06-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Queen Creek, Arizona, Excise Tax and State Shared Revenue Obligation Bonds, Series 2024                                                                | Queen Creek, Arizona, Excise Tax and State Shared Revenue Obligation Bonds, Series 2024                                                                | CUSIP: 74823YHC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2052341.20   | 1.55%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corporation, Virgin Islands, Revenue Bonds, Series 2022A                                                  | Matching Fund Special Purpose Securitization Corporation, Virgin Islands, Revenue Bonds, Series 2022A                                                  | CUSIP: 57665NAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $590400.06    | 0.45%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Refunding Junior Lien Series 2025                                               | Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Refunding Junior Lien Series 2025                                               | CUSIP: 71883MRM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1592553.24   | 1.20%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Series 2024A                                   | Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Series 2024A                                   | CUSIP: 79574CGJ6<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3083773.20   | 2.33%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Queen Creek, Arizona, Excise Tax and State Shared Revenue Obligation Bonds, Series 2022                                                        | Town of Queen Creek, Arizona, Excise Tax and State Shared Revenue Obligation Bonds, Series 2022                                                        | CUSIP: 74823YFJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2552808.25   | 1.93%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yuma, Arizona, Utilities System Revenue Bonds, Series 2021                                                                                             | Yuma, Arizona, Utilities System Revenue Bonds, Series 2021                                                                                             | CUSIP: 988522AU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2830137.60   | 2.14%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Academies of Math & Science Projects, Series 2018A                         | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Academies of Math & Science Projects, Series 2018A                         | CUSIP: 04052BFU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $949923.90    | 0.72%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra Vista Industrial Development Authority, Arizona, Economic Development Revenue Bonds, Convertible Capital Appreciation Revenue Bonds, Series 202 | Sierra Vista Industrial Development Authority, Arizona, Economic Development Revenue Bonds, Convertible Capital Appreciation Revenue Bonds, Series 202 | CUSIP: 82652PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $194517.65    | 0.15%             | 2056-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, University of Indianapolis - Health Pavilion Project, Series 2019A             | Arizona Industrial Development Authority, Arizona, Lease Revenue Bonds, University of Indianapolis - Health Pavilion Project, Series 2019A             | CUSIP: 04052HAM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $818330.36    | 0.62%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents, University of Arizona, System Revenue Bonds, Refunding Series 2021A                                                          | Arizona Board of Regents, University of Arizona, System Revenue Bonds, Refunding Series 2021A                                                          | CUSIP: 040484A31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035444.90   | 0.78%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc. Projects, Series 2017A                        | Arizona Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Basis Schools, Inc. Projects, Series 2017A                        | CUSIP: 04052BAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $516375.05    | 0.39%             | 2037-07-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2017A                                                  | Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2017A                                                  | CUSIP: 56682HCL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030091.00   | 1.53%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parkway Community Facilities District 1, Prescott Valley, Arizona, General Obligation Bonds, Series 2006                                               | Parkway Community Facilities District 1, Prescott Valley, Arizona, General Obligation Bonds, Series 2006                                               | CUSIP: 70154PAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $328023.60    | 0.25%             | 2031-07-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Pinal County, Arizona, Pledged Revenue Obligations, Series 2019                                                                                        | Pinal County, Arizona, Pledged Revenue Obligations, Series 2019                                                                                        | CUSIP: 72205REL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1459770.60   | 1.10%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northwest Fire District of Pima County, Arizona, General Obligation Bonds, Series 2017                                                                 | Northwest Fire District of Pima County, Arizona, General Obligation Bonds, Series 2017                                                                 | CUSIP: 667457CL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $707352.40    | 0.53%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Refunding Senior Lien Series 2021B                                                         | Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Refunding Senior Lien Series 2021B                                                         | CUSIP: 745160TG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011747.60   | 0.76%             | 2037-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-31

**Name of Applicant:** Nuveen Arizona Quality Municipal Income Fund

**Signature:** Gina Spunder

**Name of Signer:** Gina Spunder

**Title:** Director, Fund Financial Reporting