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Portfolio of Investments January 31, 2026
NVG
(Unaudited)
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LONG-TERM INVESTMENTS - 167.9% (98.6% of Total Investments)
MORTGAGE-BACKED SECURITIES - 0.3% (0.2% of Total Investments)
–
$
3,599,086
(a)
Freddie Mac Multifamily, Series 2025 ML32
4
.837
%
03/25/42
$
3,745,289
3,216,720
(a)
FRETE 2025-ML30 Trust, Series 2025 ML30
4
.783
07/25/42
3,290,942
TOTAL MORTGAGE-BACKED SECURITIES
(Cost $6,993,022)
7,036,231
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
4578070236
MUNICIPAL BONDS - 167.6% (98.4% of Total Investments)
4578070236
ALABAMA - 3.2% (1.9% of Total Investments)
1,830,000
Alabama Housing Finance Authority, Collateralized Single
Family Mortgage Revenue Bonds, Series 2024B
4
.700
10/01/49
1,838,543
1,015,000
Alabama Housing Finance Authority, Collateralized Single
Family Mortgage Revenue Bonds, Series 2024B
4
.800
10/01/54
1,018,575
1,470,000
Alabama Housing Finance Authority, Collateralized Single
Family Mortgage Revenue Bonds, Series 2024C
4
.625
10/01/49
1,469,906
1,975,000
Alabama Housing Finance Authority, Collateralized Single
Family Mortgage Revenue Bonds, Series 2024D
4
.500
10/01/49
1,939,590
1,975,000
Alabama Housing Finance Authority, Collateralized Single
Family Mortgage Revenue Bonds, Series 2024D
4
.550
10/01/54
1,918,287
1,085,000
Alabama Housing Finance Authority, Collateralized Single
Family Mortgage Revenue Bonds, Series 2025B
5
.050
10/01/45
1,110,354
3,645,000
(b)
Alabama Private Colleges and University Facilities Authority,
Limited Obligation Bonds, University of Mobile Project, Series
2015A
6
.000
09/01/45
3,609,462
850,000
Birmingham-Jefferson Civic Center Authority, Alabama, Special
Tax Bonds, Series 2018A
4
.000
07/01/43
824,783
6,500,000
(a)
Black Belt Energy Gas District, Alabama, Gas Project Revenue
Bonds, Prepay BP PLC, Series 2024E, (Mandatory Put 5/01/35)
5
.000
12/01/55
6,975,185
7,500,000
(a)
Black Belt Energy Gas District, Alabama, Gas Project Revenue
Bonds, Prepay Morgan Stanley Series 2022C-1, (Mandatory Put
6/01/29)
5
.250
02/01/53
7,909,318
4,000,000
Energy Southeast Cooperative District, Alabama, Energy
Supply Revenue Bonds, Series 2025B
5
.000
09/01/33
4,222,845
2,160,000
Jefferson County, Alabama, Sewer Revenue Warrants, Series
2024
5
.500
10/01/53
2,267,108
30,730,000
Lower Alabama Gas District, Alabama, Gas Project Revenue
Bonds, Series 2016A
5
.000
09/01/46
32,488,948
7,170,000
Mobile Spring Hill College Educational Building Authority,
Alabama, Revenue Bonds, Spring Hill College Project, Series
2015
5
.875
04/15/45
5,043,146
2,000,000
Southeast Energy Authority, Alabama, A Cooperative District
Energy Supply Revenue Bonds Series 2024A
5
.000
11/01/35
2,130,833
4,370,000
Southeast Energy Authority, Alabama, Energy Supply Revenue
Bonds, Cooperative District Series 2025E
5
.000
10/01/30
4,746,614
1,610,000
Southeast Energy Authority, Alabama, Revenue Bonds, A
Cooperative District Energy Supply Series 2025D
5
.000
09/01/35
1,775,868
925,000
The Improvement District of the City of Mobile - McGowin Park
Project, Alabama, Sales Tax Revenue Bonds, Series 2016A
5
.250
08/01/30
930,929
1,300,000
The Improvement District of the City of Mobile - McGowin Park
Project, Alabama, Sales Tax Revenue Bonds, Series 2016A
5
.500
08/01/35
1,307,324
4,220,000
(b)
Tuscaloosa County Industrial Development Authority,
Alabama, Gulf Opportunity Zone Bonds, Hunt Refining Project,
Refunding Series 2019A
5
.250
05/01/44
4,247,140
TOTAL ALABAMA
87,774,758
ALASKA - 0.5% (0.3% of Total Investments)
2,000,000
Alaska Housing Finance Corporation, Mortgage Revenue
Bonds, General Series 2024A-II
4
.700
12/01/49
2,009,031
1,780,000
Northern Tobacco Securitization Corporation, Alaska, Tobacco
Settlement Asset-Backed Bonds, Senior Series 2021A Class 1
4
.000
06/01/39
1,734,983
2,490,000
Northern Tobacco Securitization Corporation, Alaska, Tobacco
Settlement Asset-Backed Bonds, Senior Series 2021A Class 1
4
.000
06/01/41
2,363,660
Portfolio of Investments January 31, 2026
(continued)
NVG
2
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ALASKA
(continued)
$
8,100,000
Northern Tobacco Securitization Corporation, Alaska, Tobacco
Settlement Asset-Backed Bonds, Senior Series 2021A Class 1
4
.000
%
06/01/50
$
6,746,775
435,000
Northern Tobacco Securitization Corporation, Alaska, Tobacco
Settlement Asset-Backed Bonds, Series 2021B-1 Class 2
4
.000
06/01/50
421,284
9,055,000
Northern Tobacco Securitization Corporation, Alaska, Tobacco
Settlement Asset-Backed Bonds, Series 2021B-2 Class 2
0
.000
06/01/66
1,019,195
TOTAL ALASKA
14,294,928
ARIZONA - 2.8% (1.7% of Total Investments)
1,475,000
(b)
Arizona Industrial Development Authority, Arizona, Education
Facility Revenue Bonds, Basis Schools, Inc. Projects, Series
2017D
5
.000
07/01/47
1,397,640
6,290,000
(b)
Arizona Industrial Development Authority, Arizona, Education
Revenue Bonds, Academies of Math & Science Projects, Series
2019
5
.000
07/01/54
5,667,253
2,360,000
(b),(c)
Arizona Industrial Development Authority, Education Facility
Revenue Bonds, Caurus Academy Project, Series 2018A
6
.375
06/01/39
1,888,000
1,600,000
Arizona Industrial Development Authority, Single Family
Mortgage Revenue Bonds, Series 2024A
4
.700
10/01/51
1,586,156
1,000,000
Arizona Industrial Development Authority, Single Family
Mortgage Revenue Bonds, Series 2024C
4
.650
10/01/49
1,002,177
1,000,000
Arizona Industrial Development Authority, Single Family
Mortgage Revenue Bonds, Series 2025A
5
.100
10/01/50
1,015,930
1,000,000
Arizona Industrial Development Authority, Single Family
Mortgage Revenue Bonds, Series 2025A
5
.150
10/01/53
1,015,090
3,142,196
(b),(c)
Cahava Springs Revitalization District, Cave Creek, Arizona,
Special Assessment Bonds, Series 2017A
7
.000
07/01/41
3,142,196
845,000
Maricopa County and Phoenix City Industrial Development
Authority, Arizona, Single Family Mortgage Revenue Bonds,
Series 2024C
4
.750
09/01/49
849,185
1,350,000
(b)
Maricopa County Industrial Development Authority, Arizona,
Education Revenue Bonds, Legacy Traditional Schools Projects,
Series 2021A
4
.000
07/01/56
1,058,408
1,730,000
(b)
Maricopa County Industrial Development Authority, Arizona,
Education Revenue Bonds, Legacy Traditional Schools Projects,
Taxable Series 2019B
5
.000
07/01/49
1,640,245
1,975,000
(b)
Maricopa County Industrial Development Authority, Arizona,
Education Revenue Bonds, Legacy Traditional Schools Projects,
Taxable Series 2019B
5
.000
07/01/54
1,846,240
800,000
Maricopa County Industrial Development Authority, Arizona,
Education Revenue Bonds, Reid Traditional School Projects,
Series 2016
5
.000
07/01/47
739,990
6,000,000
Phoenix Civic Improvement Corporation, Arizona, Revenue
Bonds, Civic Plaza Expansion Project, Series 2005B - FGIC
Insured
5
.500
07/01/37
7,384,562
8,755,000
Phoenix Civic Improvement Corporation, Arizona, Revenue
Bonds, Civic Plaza Expansion Project, Series 2005B - FGIC
Insured
5
.500
07/01/39
10,850,203
620,000
(b)
Phoenix Industrial Development Authority, Arizona, Education
Facility Revenue Bonds, Basis Schools, Inc. Projects, Series
2016A
5
.000
07/01/35
620,277
1,025,000
(b)
Phoenix Industrial Development Authority, Arizona, Education
Facility Revenue Bonds, Basis Schools, Inc. Projects, Series
2016A
5
.000
07/01/46
980,671
1,130,000
(c)
Pima County Industrial Development Authority, Arizona,
Education Facility Revenue Bonds, Edkey Charter Schools
Project, Series 2016
5
.250
07/01/36
904,000
1,850,000
(c)
Pima County Industrial Development Authority, Arizona,
Education Facility Revenue Bonds, Edkey Charter Schools
Project, Series 2016
5
.375
07/01/46
1,480,000
2,135,000
(c)
Pima County Industrial Development Authority, Arizona,
Education Facility Revenue Bonds, Edkey Charter Schools
Project, Series 2016
5
.500
07/01/51
1,708,000
3
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ARIZONA
(continued)
$
2,920,000
(b),(c)
Pima County Industrial Development Authority, Arizona,
Education Facility Revenue Bonds, Edkey Charter Schools
Project, Series 2019
5
.875
%
07/01/51
$
2,336,000
3,050,000
(b)
Pima County Industrial Development Authority, Arizona,
Education Facility Revenue Bonds, San Tan Montessori School
Project, Series 2017
6
.750
02/01/50
3,052,437
10,000,000
Pinal County, Arizona, Pledged Revenue Obligations, Series
2025 - BAM Insured
5
.250
08/01/50
10,633,006
5,000,000
Pinal County, Arizona, Pledged Revenue Obligations, Series
2025 - BAM Insured
5
.250
08/01/55
5,281,789
6,120,000
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue
Bonds, Citigroup Energy Inc Prepay Contract Obligations,
Series 2007
5
.000
12/01/32
6,726,596
2,365,000
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue
Bonds, Citigroup Energy Inc Prepay Contract Obligations,
Series 2007
5
.000
12/01/37
2,597,446
TOTAL ARIZONA
77,403,497
ARKANSAS - 0.8% (0.5% of Total Investments)
2,750,000
(b)
Arkansas Development Finance Authority, Charter School
Revenue Bonds, Academy of Math and Science - Little Rock
Project Series 2024A
7
.000
07/01/59
2,625,901
970,000
Arkansas Development Finance Authority, Single Family
Mortgage Revenue Bonds, Mortgage-Backed Securities
Program, Series 2024A
4
.600
07/01/49
966,648
2,500,000
Arkansas Development Finance Authority, Single Family
Mortgage Revenue Bonds, Mortgage-Backed Securities
Program, Series 2025B
5
.000
07/01/50
2,523,067
2,635,000
Arkansas Development Finance Authority, Tobacco Settlement
Revenue Bonds, Arkansas Cancer Research Center Project,
Series 2006 - AMBAC Insured
0
.000
07/01/36
1,745,072
20,480,000
Arkansas Development Finance Authority, Tobacco Settlement
Revenue Bonds, Arkansas Cancer Research Center Project,
Series 2006 - AMBAC Insured
0
.000
07/01/46
7,242,033
625,000
Fort Smith, Arkansas, Sales and Use Tax Revenue Bonds, Series
2025
5
.250
11/01/50
657,787
1,945,000
Fort Smith, Arkansas, Sales and Use Tax Revenue Bonds, Series
2025
5
.250
11/01/55
2,035,990
1,400,000
Jonesboro City Water & Light Plant, Arkansas, Public Utility
System Revenue Bonds, Series 2025
4
.000
06/01/43
1,384,102
2,295,000
Springdale, Arkansas, Sales and Use Tax Revenue Bonds,
Refunding & Improvement Series 2023B - BAM Insured
4
.125
08/01/50
2,159,177
155,000
Springdale, Arkansas, Water and Sewer Revenue Bonds, Series
2025
4
.125
09/01/45
152,566
1,000,000
Springdale, Arkansas, Water and Sewer Revenue Bonds, Series
2025
4
.125
09/01/46
970,687
TOTAL ARKANSAS
22,463,030
CALIFORNIA - 13.2% (7.8% of Total Investments)
6,135,000
Alhambra Unified School District, Los Angeles County,
California, General Obligation Bonds, Capital Appreciation
Series 2009B - AGC Insured
0
.000
08/01/30
5,468,060
6,820,000
(d)
Anaheim Public Financing Authority, California, Lease Revenue
Bonds, Public Improvement Project, Series 1997C - AGM
Insured, (ETM)
0
.000
09/01/35
5,226,028
5,795,000
Anaheim Public Financing Authority, California, Lease Revenue
Bonds, Public Improvement Project, Series 1997C - AGM
Insured
0
.000
09/01/35
4,350,952
4,100,000
Antelope Valley Healthcare District, California, Revenue Bonds,
Series 2016A
5
.000
03/01/41
4,010,133
3,875,000
Bakersfield City School District, Kern County, California,
General Obligation Bonds, Election 2016 Series 2022C - BAM
Insured
2
.500
11/01/46
2,741,030
Portfolio of Investments January 31, 2026
(continued)
NVG
4
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CALIFORNIA
(continued)
$
5,650,000
(a)
California Community Choice Financing Authority, Clean
Energy Project Revenue Bonds, Green Series 2024B,
(Mandatory Put 12/01/32)
5
.000
%
01/01/55
$
5,965,898
5,000,000
(a)
California Community Choice Financing Authority, Clean
Energy Project Revenue Bonds, Green Series 2024D,
(Mandatory Put 9/01/32)
5
.000
02/01/55
5,444,205
2,215,000
(a)
California Community Choice Financing Authority, Clean
Energy Project Revenue Bonds, Green Series 2024H,
(Mandatory Put 8/01/33)
5
.000
01/01/56
2,431,194
4,000,000
(a)
California Community Choice Financing Authority, Clean
Energy Project Revenue Bonds, Green Series 2025D,
(Mandatory Put 7/01/34)
5
.000
10/01/55
4,209,670
3,325,000
(b)
California Community Housing Agency, California, Essential
Housing Revenue Bonds, Fountains at Emerald Park, Senior
Lien Series 2021A-1
3
.000
08/01/56
2,268,525
2,000,000
(b)
California Community Housing Agency, California, Essential
Housing Revenue Bonds, Summit at Sausalito Apartments,
Series 2021A-1
3
.000
02/01/57
1,357,785
75,000
California County Tobacco Securitization Agency, Tobacco
Settlement Asset-Backed Bonds, Los Angeles County
Securitization Corporation, Series 2020B-1
5
.000
06/01/49
74,577
50,460,000
California County Tobacco Securitization Agency, Tobacco
Settlement Asset-Backed Bonds, Los Angeles County
Securitization Corporation, Series 2020B-2
0
.000
06/01/55
9,514,238
1,500,000
California County Tobacco Securitization Agency, Tobacco
Settlement Bonds, Gold Country Settlement Funding
Corporation, Senior Series 2020A
4
.000
06/01/49
1,290,993
5,000,000
California Educational Facilities Authority, Revenue Bonds,
Stanford University Series 2019V-1
5
.000
05/01/49
5,651,871
12,940,000
(e)
California Educational Facilities Authority, Revenue Bonds,
Stanford University Series 2019V-1, (UB)
5
.000
05/01/49
14,627,042
10,000,000
California Educational Facilities Authority, Revenue Bonds,
Stanford University Series 2021V-2
5
.000
04/01/51
11,254,875
8,260,000
California Educational Facilities Authority, Revenue Bonds,
University of Southern California, Series 2025A
5
.000
10/01/55
8,696,947
8,300,000
(e)
California Educational Facilities Authority, Revenue
Bonds,Stanford University, Refunding Series 2014U-6, (UB)
5
.000
05/01/45
9,611,932
1,000,000
California Health Facilities Financing Authority, Revenue Bonds,
Stanford Hospitals and Clinics, Series 2015A
5
.000
08/15/54
1,000,235
2,805,000
California Housing Finance Agency, Affordable Housing
Revenue Bonds, Sustainability Green Series 2025B
4
.350
02/01/43
2,832,784
3,065,000
(b)
California Municipal Finance Authority, Charter School
Revenue Bonds, Palmdale Aerospace Academy Project, Series
2016A
5
.000
07/01/31
3,069,777
1,000,000
(b)
California Municipal Finance Authority, Charter School
Revenue Bonds, Palmdale Aerospace Academy Project, Series
2016A
5
.000
07/01/36
1,000,561
555,000
(b)
California Municipal Finance Authority, Charter School
Revenue Bonds, Palmdale Aerospace Academy Project, Series
2016A
5
.000
07/01/41
548,180
195,000
(b)
California Municipal Finance Authority, Charter School
Revenue Bonds, Palmdale Aerospace Academy Project, Series
2016A
5
.000
07/01/46
182,204
260,000
California Municipal Finance Authority, Education Revenue
Bonds,  American Heritage Foundation Project, Series 2016A
5
.000
06/01/36
260,926
435,000
California Municipal Finance Authority, Education Revenue
Bonds,  American Heritage Foundation Project, Series 2016A
5
.000
06/01/46
433,444
3,000,000
(b)
California Municipal Finance Authority, Revenue Bonds,
Simpson University, Series 2020A
6
.000
10/01/50
2,966,369
5,425,000
(b)
California Pollution Control Financing Authority, Water
Furnishing Revenue Bonds, San Diego County Water Authoriity
Desalination Project Pipeline, Refunding Series 2019
5
.000
11/21/45
5,507,888
2,050,000
California Public Finance Authority, Revenue Bonds, Henry
Mayo Newhall Hospital, Series 2017
5
.000
10/15/47
2,034,935
5
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CALIFORNIA
(continued)
$
735,000
(b),(c)
California School Finance Authority, Charter School Revenue
Bonds, Downtown College Prep - Obligated Group, Series
2016
5
.000
%
06/01/46
$
441,000
715,000
(b)
California School Finance Authority, Charter School Revenue
Bonds, Rocketship Education Obligated Group, Series 2016A
5
.000
06/01/36
715,229
570,000
(b)
California School Finance Authority, Charter School Revenue
Bonds, Rocketship Education Obligated Group, Series 2017A
5
.125
06/01/47
538,370
80,000
California State, General Obligation Bonds, Series 2002 - NPFG
Insured
5
.000
10/01/32
80,177
5,000
California State, General Obligation Bonds, Series 2004 -
AMBAC Insured
5
.000
04/01/31
5,012
5,860,000
California Statewide Communities Development Authority,
California, Revenue Bonds, Loma Linda University Medical
Center, Series 2014A
5
.500
12/01/54
5,867,536
52,455,000
(b)
California Statewide Communities Development Authority,
California, Revenue Bonds, Loma Linda University Medical
Center, Series 2016A
5
.250
12/01/56
52,479,009
7,130,000
(b)
California Statewide Communities Development Authority,
California, Revenue Bonds, Loma Linda University Medical
Center, Series 2018A
5
.500
12/01/58
7,204,764
620,000
Campbell Union High School District, Santa Clara County,
California, General Obligation Bonds, Election 2024 Series
2025A
4
.000
08/01/50
598,628
3,380,000
(a)
Central Valley Energy Authority, California, Commodity Supply
Revenue Bonds, Series 2025, (Mandatory Put 8/01/35)
5
.000
12/01/55
3,655,829
5,530,000
(b)
CMFA Special Finance Agency VII, California, Essential Housing
Revenue Bonds, Senior Lien Series 2021A-1
3
.000
08/01/56
3,805,799
4,000,000
(b)
CMFA Special Finance Agency, California, Essential Housing
Revenue Bonds, Latitude 33, Senior Series 2021A-1
3
.000
12/01/56
2,594,829
3,410,000
Coachella Valley Unified School District, Riverside County,
California, General Obligation Bonds, Election 2005 Series
2010C - AGM Insured
0
.000
08/01/33
2,755,649
4,450,000
Colton Joint Unified School District, San Bernardino County,
California, General Obligation Bonds, Election of 2024 Series
2025A - BAM Insured
5
.000
08/01/55
4,675,020
14,375,000
Corona-Norco Unified School District, Riverside County,
California, General Obligation Bonds, Capital Appreciation,
Election 2006 Refunding Series 2009C - AGM Insured
0
.000
08/01/39
8,315,147
2,000,000
(b)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, 777 Place-Pomona, Senior
Lien Series 2021A-1
3
.600
05/01/47
1,650,167
5,000,000
(b)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, 777 Place-Pomona, Senior
Lien Series 2021A-2
3
.250
05/01/57
3,434,772
5,000,000
(b)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Escondido Portfolio, Social
Senior Lien Series 2021A-2
4
.000
06/01/58
3,850,913
4,720,000
(b)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Moda at Monrovia Station,
Social Series 2021A-1
3
.400
10/01/46
3,743,447
15,985,000
(b)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Monterrey Station
Apartments, Senior Lien Series 2021A-1
3
.125
07/01/56
10,400,143
5,000,000
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Pasadena Portfolio Social
Bond, Series 2021A-2
3
.000
12/01/56
3,451,657
2,475,000
(b)
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Vineyard Gardens
Apartments, Senior Lien Series 2021A
3
.250
10/01/58
1,743,044
12,500,000
CSCDA Community Improvement Authority, California,
Essential Housing Revenue Bonds, Wood Creek Apartments,
Mezzanine Lien Series 2021A-2
4
.000
12/01/58
9,534,523
Portfolio of Investments January 31, 2026
(continued)
NVG
6
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CALIFORNIA
(continued)
$
4,500,000
Desert Community College District, Riverside County,
California, General Obligation Bonds, Election of 2016 Series
2026
5
.000
%
08/01/51
$
4,780,243
4,990,000
Desert Sands Unified School District, Riverside County,
California, General Obligation Bonds, Election of 2024 Series
2025
4
.000
08/01/50
4,752,756
2,615,000
El Rancho Unified School District, Los Angeles County,
California, General Obligation Bonds, Election 2010 Series
2011A - AGM Insured
6
.900
08/01/31
2,909,116
3,600,000
El Rancho Unified School District, Los Angeles County,
California, General Obligation Bonds, Election 2010 Series
2011A - AGM Insured
7
.050
08/01/34
3,995,588
3,960,000
Foothill/Eastern Transportation Corridor Agency, California, Toll
Road Revenue Bonds, Refunding Senior Lien Series 2015A -
AGM Insured
0
.000
01/15/34
3,157,917
5,000,000
Foothill/Eastern Transportation Corridor Agency, California, Toll
Road Revenue Bonds, Refunding Senior Lien Series 2015A -
AGM Insured
0
.000
01/15/35
3,839,207
910,000
Foothill/Eastern Transportation Corridor Agency, California, Toll
Road Revenue Bonds, Refunding Series 2013A
6
.850
01/15/42
1,099,019
4,595,000
Foothill/Eastern Transportation Corridor Agency, California,
Toll Road Revenue Bonds, Refunding Term Rate Sub-Series
2013B-1
3
.500
01/15/53
3,791,739
1,000,000
Glendale Community College District, Los Angeles County,
California, General Obligation Bonds, Election of 2024 Series
2025A
4
.125
08/01/50
981,632
7,860,000
Golden State Tobacco Securitization Corporation, California,
Tobacco Settlement Asset-Backed Bonds, Capital Appreciation
Series 2021B-2
0
.000
06/01/66
827,540
1,825,000
Golden State Tobacco Securitization Corporation, California,
Tobacco Settlement Asset-Backed Revenue Bonds, Series
2022A-1
5
.000
06/01/51
1,794,721
5,660,000
Modesto, California, Wastewater Revenue Bonds, Series 2025
5
.000
11/01/55
5,966,057
7,575,000
(f)
Mount San Antonio Community College District, Los Angeles
County, California, General Obligation Bonds, Election of 2008,
Series 2013A
0
.000
08/01/43
7,762,750
3,310,000
M-S-R Energy Authority, California, Gas Revenue Bonds,
Citigroup Prepay Contracts, Series 2009B
6
.500
11/01/39
4,113,165
605,000
(d)
Oceanside Unified School District, San Diego County,
California, General Obligation Bonds, Capital Appreciation,
2008 Election Series 2009A - AGC Insured, (ETM)
0
.000
08/01/26
597,596
530,000
(d)
Oceanside Unified School District, San Diego County,
California, General Obligation Bonds, Capital Appreciation,
2008 Election Series 2009A - AGC Insured, (ETM)
0
.000
08/01/26
523,514
270,000
(d)
Oceanside Unified School District, San Diego County,
California, General Obligation Bonds, Capital Appreciation,
2008 Election Series 2009A - AGC Insured, (ETM)
0
.000
08/01/26
266,696
540,000
(d)
Oceanside Unified School District, San Diego County,
California, General Obligation Bonds, Capital Appreciation,
2008 Election Series 2009A - AGC Insured, (ETM)
0
.000
08/01/26
533,391
3,960,000
Oceanside Unified School District, San Diego County,
California, General Obligation Bonds, Capital Appreciation,
2008 Election Series 2009A - AGC Insured
0
.000
08/01/26
3,913,031
225,000
(d)
Oceanside Unified School District, San Diego County,
California, General Obligation Bonds, Capital Appreciation,
2008 Election Series 2009A - AGC Insured, (ETM)
0
.000
08/01/28
211,424
110,000
(d)
Oceanside Unified School District, San Diego County,
California, General Obligation Bonds, Capital Appreciation,
2008 Election Series 2009A - AGC Insured, (ETM)
0
.000
08/01/28
103,363
170,000
(d)
Oceanside Unified School District, San Diego County,
California, General Obligation Bonds, Capital Appreciation,
2008 Election Series 2009A - AGC Insured, (ETM)
0
.000
08/01/28
159,742
7
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CALIFORNIA
(continued)
$
1,715,000
Oceanside Unified School District, San Diego County,
California, General Obligation Bonds, Capital Appreciation,
2008 Election Series 2009A - AGC Insured
0
.000
%
08/01/28
$
1,611,851
3,905,000
Orange County, California, Special Tax Bonds, Community
Facilities District 2015-1 Esencia Village, Series 2015A
4
.250
08/15/38
3,910,911
2,560,000
Palo Alto, California, Certificates of Participation, Public Safety
Building, Series 2021
2
.000
11/01/42
1,849,029
1,940,000
Palo Alto, California, Certificates of Participation, Public Safety
Building, Series 2021
2
.125
11/01/44
1,345,839
7,935,000
Palomar Pomerado Health, California, General Obligation
Bonds, Series 2009A - AGC Insured
7
.000
08/01/38
8,815,756
1,000,000
Pasadena Public Financing Authority, California, Lease Revenue
Bonds, Rose Bowl Renovation Project, Refunding Series 2024
0
.000
06/01/41
534,821
1,100,000
Pasadena Public Financing Authority, California, Lease Revenue
Bonds, Rose Bowl Renovation Project, Refunding Series 2024
0
.000
06/01/44
492,428
1,000,000
Pasadena Public Financing Authority, California, Lease Revenue
Bonds, Rose Bowl Renovation Project, Refunding Series 2024
0
.000
06/01/45
420,970
990,000
Pasadena Public Financing Authority, California, Lease Revenue
Bonds, Rose Bowl Renovation Project, Refunding Series 2024
0
.000
06/01/46
391,448
5,015,000
Pasadena Unified School District, Los Angeles County,
California, General Obligation Bonds, 2020 Election Series
2025D
5
.250
08/01/50
5,437,670
9,145,000
Pittsburg Redevelopment Agency, California, Tax Allocation
Bonds, Los Medanos Community Development Project, Series
1999 - AMBAC Insured
0
.000
08/01/30
8,032,380
1,775,000
San Diego Unified School District, San Diego County,
California, General Obligation Bonds, Election of 2022 Ad
Valorem Property Tax Series 2025C-3
5
.000
07/01/50
1,890,621
1,425,000
San Leandro Unified School District, Alameda County,
California, General Obligation Bonds, Election of 2024, Series
2026B
5
.000
08/01/52
1,505,134
3,400,000
San Mateo County Community College District, California,
General Obligation Bonds, Series 2006C - NPFG Insured
0
.000
09/01/30
3,039,677
4,340,000
San Ysidro School District, San Diego County, California,
General Obligation Bonds, 1997 Election Series 2012G - AGM
Insured
0
.000
08/01/34
3,277,001
3,410,000
Santa Barbara Community College District, California, General
Obligation Bonds, Election of 2024 Series 2025A
6
.000
08/01/55
3,940,492
1,000,000
Santa Monica-Malibu Unified School District, Los Angeles
County, California, General Obligation Bonds, School Facilities
Improvement District 2, Election 2024, Malibu Series 2025A
4
.125
08/01/55
983,434
605,000
(b)
Temecula Public Financing Authority, California, Special Tax
Bonds, Community Facilities District 16-01, Series 2017
6
.250
09/01/47
618,766
1,550,000
University of California, General Revenue Bonds, Series
2025CD
5
.250
05/15/40
1,929,360
TOTAL CALIFORNIA
361,681,717
COLORADO - 9.9% (5.8% of Total Investments)
1,165,000
Adams and Arapahoe Counties Joint School District 28J,
Aurora, Colorado, General Obligation Bonds, Series 2025
5
.500
12/01/46
1,302,029
4,175,000
Adams County, Colorado, Certificates of Participation, Series
2024
4
.000
12/01/54
3,794,289
4,300,000
Aerotropolis Regional Transportation Authority, Colorado,
Special Revenue Bonds, Series 2021
4
.375
12/01/52
3,587,488
1,400,000
(b)
Aerotropolis Regional Transportation Authority, Colorado,
Special Revenue Bonds, Series 2024
5
.500
12/01/44
1,425,017
850,000
Aviation Station North Metropolitan District 2, Denver County,
Colorado, Limited Tax General Obligation Bonds, Refunding &
Improvement Series 2019A
5
.000
12/01/39
855,481
806,000
Base Village Metropolitan District 2, Colorado, General
Obligation Bonds, Refunding Series 2016A
5
.500
12/01/36
806,732
1,175,000
Base Village Metropolitan District 2, Colorado, General
Obligation Bonds, Refunding Series 2016A
5
.750
12/01/46
1,175,362
Portfolio of Investments January 31, 2026
(continued)
NVG
8
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
COLORADO
(continued)
$
1,140,000
(b)
Centerra Metropolitan District 1, Loveland, Colorado, Special
Revenue Bonds, Refunding & Improvement Series 2017
5
.000
%
12/01/37
$
1,140,549
5,465,000
(b)
Centerra Metropolitan District 1, Loveland, Colorado, Special
Revenue Bonds, Refunding & Improvement Series 2017
5
.000
12/01/47
5,388,135
4,475,000
Centerra Metropolitan District 1, Loveland, Colorado, Special
Revenue Bonds, Refunding & Improvement Series 2020A
5
.000
12/01/51
4,348,737
930,000
Colorado Educational and Cultural Facilities Authority, Charter
School Revenue Bonds, Flagstaff Academy Project, Refunding
Series 2016
3
.625
08/01/46
751,960
1,165,000
Colorado Educational and Cultural Facilities Authority, Charter
School Revenue Bonds, The Classical Academy Project,
Refunding Series 2015A
5
.000
12/01/38
1,165,854
3,675,000
Colorado Educational and Cultural Facilities Authority, Charter
School Revenue Bonds, Vanguard School Project, Refunding &
Improvement Series 2016
3
.750
06/15/47
2,985,813
1,750,000
Colorado Educational and Cultural Facilities Authority, Charter
School Revenue Bonds, Weld County School District 6 -
Frontier Academy, Refunding & Improvement Series 2016
3
.250
06/01/46
1,314,313
7,625,000
(b)
Colorado Educational and Cultural Facilities Authority, Cultural
Facilities Revenue Bonds, Stanley Project, Senior Lien Series
2025A-1
6
.875
02/01/59
8,021,918
2,460,000
(d)
Colorado Health Facilities Authority, Colorado, Health Facilities
Revenue Bonds, The Evangelical Lutheran Good Samaritan
Society Project, Refunding Series 2017, (Pre-refunded 6/01/27)
5
.000
06/01/42
2,545,567
23,475,000
(d)
Colorado Health Facilities Authority, Colorado, Health Facilities
Revenue Bonds, The Evangelical Lutheran Good Samaritan
Society Project, Refunding Series 2017, (Pre-refunded 6/01/27)
5
.000
06/01/47
24,291,533
2,140,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
CommonSpirit Health, Series 2019A-2
4
.000
08/01/49
1,833,041
4,900,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
Covenant Living Communities & Services, Series 2020A
4
.000
12/01/50
4,111,280
1,000,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
Covenant Living Communities & Services, Series 2025A
5
.125
12/01/55
982,116
2,035,000
Colorado Health Facilities Authority, Colorado, Revenue Bonds,
Frasier Meadows Project, Refunding & Improvement Series
2017A
5
.250
05/15/47
2,041,348
13,610,000
Colorado Housing and Finance Authority, Multifamily Project
Bonds, Class I Series 2020B
2
.350
10/01/43
9,778,750
4,105,000
Colorado International Center Metropolitan District 14, Denver,
Colorado, Limited Tax General Obligation Bonds, Refunding &
Improvement Series 2018
5
.875
12/01/46
4,105,667
5,000,000
Colorado State Education Loan Program, Tax and Revenue
Anticipation Notes, Series 2025B
5
.000
06/30/26
5,056,447
1,480,000
Cornerstar Metropolitan District, Arapahoe County, Colorado,
General Obligation Bonds, Limited Tax Convertible to
Unlimited Tax, Refunding Series 2017A
5
.250
12/01/47
1,431,895
1,233,000
Cornerstar Metropolitan District, Arapahoe County, Colorado,
General Obligation Bonds, Limited Tax Convertible to
Unlimited Tax, Refunding Series 2017B
5
.250
12/01/47
1,189,889
500,000
Crystal Crossing Metropolitan District, Colorado, General
Obligation Limited Tax Bonds, Refunding Series 2016
5
.250
12/01/40
500,322
11,843,721
Dawson Trails Metropolitan District 1, Colorado, In The
Town of Castle Rock, Limited Tax General Obligation Capital
Appreciation Turbo Bonds, Series 2024
0
.000
12/01/31
7,651,496
5,000,000
Denver City and County, Colorado, Dedicated Tax Revenue
Bonds, Current Interest Series 2018A-1
5
.000
08/01/48
5,026,094
10,000,000
Denver School District 1, Colorado, General Obligation Bonds,
Series 2025C
5
.500
12/01/46
11,088,196
1,975,000
(b)
Denver Urban Renewal Authority, Colorado, Tax Increment
Revenue Bonds, 9th and Colorado Urban Redevelopement
Area, Series 2018A
5
.250
12/01/39
1,984,414
385,000
(b)
Denver Urban Renewal Authority, Colorado, Tax Increment
Revenue Bonds, 9th and Colorado Urban Redevelopement
Area, Series 2018A
5
.250
12/01/39
386,679
9
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
COLORADO
(continued)
$
11,700,000
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Capital Appreciation Series 2010A
0
.000
%
09/01/41
$
6,272,777
5,000,000
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Series 1997B - NPFG Insured
0
.000
09/01/26
4,928,104
10,005,000
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Series 2000B - NPFG Insured
0
.000
09/01/32
8,310,494
43,090,000
E-470 Public Highway Authority, Colorado, Senior Revenue
Bonds, Series 2000B - NPFG Insured
0
.000
09/01/33
34,511,962
16,525,000
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds,
Series 2004A - NPFG Insured
0
.000
09/01/27
15,892,115
1,185,000
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds,
Series 2004A - NPFG Insured
0
.000
09/01/28
1,109,519
7,000,000
E-470 Public Highway Authority, Colorado, Toll Revenue Bonds,
Series 2004A - NPFG Insured
0
.000
09/01/34
5,370,631
5,575,000
(b)
Falcon Area Water and Wastewater Authority (El Paso County,
Colorado), Tap Fee Revenue Bonds, Series 2022A
6
.750
12/01/34
5,665,861
590,000
Foothills Metropolitan District, Fort Collins, Colorado, Special
Revenue Bonds, Series 2014
6
.000
12/01/38
589,832
3,215,000
(b)
Hess Ranch Metropolitan District 5, Parker, Colorado, Special
Assessment Revenue Bonds, Special Improvement District 2,
Series 2024
5
.500
12/01/44
3,254,694
1,000,000
Independence Metropolitan District 3, Elbert County,
Colorado, Limited Tax General Obligation Bonds, Special
Revenue Refunding and Improvement Series 2024A
5
.375
12/01/54
997,435
5,155,000
North Range Metropolitan District 1, Adams County, Colorado,
General Obligation Bonds, Series 2016B
3
.500
12/01/45
4,094,894
978,000
North Range Metropolitan District 2, Adams County, Colorado
, Limited Tax General Obligation Bonds, Refunding Special
Revenue & Improvement Series 2017A
5
.625
12/01/37
978,279
1,000,000
North Range Metropolitan District 2, Adams County, Colorado
, Limited Tax General Obligation Bonds, Refunding Special
Revenue & Improvement Series 2017A
5
.750
12/01/47
999,948
3,380,000
(c)
Painted Prairie Public Improvement Authority, Aurora,
Colorado, Special Revenue Bonds, Series 2019
5
.000
12/01/39
2,998,060
6,900,000
(c)
Painted Prairie Public Improvement Authority, Aurora,
Colorado, Special Revenue Bonds, Series 2019
5
.000
12/01/49
5,997,188
660,000
Park 70 Metropolitan District, Aurora, Colorado, General
Obligation Bonds, Limited Tax Refunding & Improvement
Series 2016
5
.000
12/01/36
664,878
1,060,000
Park 70 Metropolitan District, Aurora, Colorado, General
Obligation Bonds, Limited Tax Refunding & Improvement
Series 2016
5
.000
12/01/46
1,033,446
1,000,000
(b)
Parkdale Community Authority, Erie County, Colorado, Limited
Tax Supported Convertible Capital Appreciation Revenue
Bonds, District 2, Series 2024A
7
.750
12/01/53
862,523
1,335,000
(b)
Peak Metropolitan District 1, Colorado Springs, El Paso County,
Colorado, Limited Tax General Obligation Bonds, Series 2021A
5
.000
12/01/41
1,251,549
4,000,000
Peak Metropolitan District 3, Colorado Springs, El Paso County,
Colorado, Limited Tax General Obligation Convertible Capital
Appreciation Bonds, Series 2022A-2
8
.000
12/01/52
2,920,876
2,760,000
(b)
Prairie Center Metopolitan District No. 3, In the City of
Brighton, Adams County, Colorado, Limited Property Tax
Supported Primary Improvements Revenue Bonds, Refunding
Series 2017A
5
.000
12/15/41
2,764,558
1,500,000
Rampart Range Metropolitan District 5, Lone Tree, Douglas
County, Colorado, Limited Tax Supported and Special Revenue
Bonds, Series 2021
4
.000
12/01/41
1,355,541
1,310,000
Reata South Metropolitan District, Douglas County, Colorado,
Limited Tax General Obligation Bonds, Refunding Series 2018
5
.375
12/01/37
1,324,478
3,265,000
Reata South Metropolitan District, Douglas County, Colorado,
Limited Tax General Obligation Bonds, Refunding Series 2018
5
.500
12/01/47
3,277,950
4,200,000
Redtail Ridge Metropolitan District, City of Louisville, Boulder
County, Colorado, General Obligation Limited Tax Capital
Appreciation Turbo Bonds, Series 2025
0
.000
12/01/32
2,677,036
Portfolio of Investments January 31, 2026
(continued)
NVG
10
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
COLORADO
(continued)
$
5,050,000
Regional Transportation District, Colorado, Private Activity
Bonds, Denver Transit Partners Eagle P3 Project, Series 2020A
3
.000
%
07/15/37
$
4,637,703
1,320,000
Riverwalk Metropolitan District 2, Glendale, Arapahoe County,
Colorado, Special Revenue Bonds, Series 2022A
5
.000
12/01/52
1,127,509
423,000
Sterling Ranch Community Authority Board, Douglas County,
Colorado, Special Improvement Revenue Bonds, Special
District 1, Series 2024
5
.625
12/01/43
435,004
2,765,000
Sterling Ranch Metropolitan District 1, El Paso County,
Colorado, General Obligation Limited Tax Bonds, Series 2020
5
.125
12/01/50
2,642,239
2,530,000
(b)
Sterling Ranch Metropolitan District 1, El Paso County,
Colorado, General Obligation Limited Tax Convertible Capital
Appreciation Bonds, Series 2025
7
.000
09/01/55
1,806,739
450,000
The Village at Dry Creek Metropolitan District No. 2, In the City
of Thornton, Adams County, Colorado, Limited Tax General
Obligation and Special Revenue Bonds, Series 2019
4
.375
12/01/44
444,876
500,000
Transport Metropolitan District 3, In the City of Aurora,
Adams County, Colorado, General Obligation Limited Bonds,
Convertible Capital Appreciation Series 2021A-2
5
.500
12/01/51
422,459
900,000
Transport Metropolitan District 3, In the City of Aurora, Adams
County, Colorado, General Obligation Limited Bonds, Series
2021A-1
5
.000
12/01/51
701,389
3,410,000
Vauxmont Metropolitan District, Arvada, Colorado, Limited Tax
General Obligation and Special Revenue Bonds, Convertible
to Unlimited Tax Refunding Subordinate Series 2020 - AGM
Insured
5
.000
12/01/50
3,448,490
8,260,000
West Globeville Metropolitan District 1, Denver, Colorado,
General Obligation Limited Tax Bonds, Series 2022
6
.750
12/01/52
8,289,460
3,250,000
(b)
West Globeville Metropolitan District 1, Denver, Colorado,
Special Assessment Revenue Bonds, Special Improvement
District 1, Series 2024
5
.750
12/01/44
3,244,289
TOTAL COLORADO
269,373,196
CONNECTICUT - 3.7% (2.2% of Total Investments)
2,800,000
Bridgeport, Connecticut, General Obligation Bonds, Series
2016D - AGM Insured
5
.000
08/15/41
2,816,321
1,470,000
Bridgeport, Connecticut, General Obligation Bonds, Series
2017A
5
.000
11/01/36
1,516,353
750,000
Bridgeport, Connecticut, General Obligation Bonds, Series
2017A
5
.000
11/01/37
772,182
1,100,000
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, Duncaster, Inc., Series 2014A
5
.000
08/01/44
1,090,747
590,000
(b)
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, Healthcare Facility Expansion Church Home of
Hartford Inc. Project, Series 2016A
5
.000
09/01/46
569,867
2,540,000
(b)
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, Healthcare Facility Expansion Church Home of
Hartford Inc. Project, Series 2016A
5
.000
09/01/53
2,371,101
3,000,000
(b)
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, Mary Wade Home Issue, Series 2019A-1
5
.000
10/01/54
2,369,376
1,915,000
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, Middlesex Hospital, Series 2015O
5
.000
07/01/36
1,917,139
1,770,000
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, Nuvance Health Series 2019A
4
.000
07/01/41
1,733,769
2,000,000
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, Nuvance Health Series 2019A
4
.000
07/01/49
1,762,937
5,000,000
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, Quinnipiac University, Refunding Series 2015L
4
.125
07/01/41
5,000,787
1,745,000
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, Quinnipiac University, Refunding Series 2015L
5
.000
07/01/45
1,745,627
500,000
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, Quinnipiac University, Series 2016M
5
.000
07/01/34
502,874
1,250,000
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, Quinnipiac University, Series 2016M
5
.000
07/01/36
1,255,511
11
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CONNECTICUT
(continued)
$
5,145,000
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, Sacred Heart University, Series 2017I-1
5
.000
%
07/01/42
$
5,224,065
4,025,000
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, Stamford Hospital, Series 2016K
4
.000
07/01/46
3,609,864
2,250,000
Connecticut Health and Educational Facilities Authority,
Revenue Bonds, University of New Haven, Series 2018K-1
5
.000
07/01/38
2,278,113
1,775,000
Connecticut Housing Finance Authority, Housing Mortgage
Finance Program Bonds, Social Series 2023B
4
.500
11/15/43
1,805,912
13,425,000
(e)
Connecticut Housing Finance Authority, Housing Mortgage
Finance Program Bonds, Social Series 2023B, (UB)
4
.650
11/15/48
13,370,151
2,940,000
Connecticut Housing Finance Authority, Housing Mortgage
Finance Program Bonds, Social Series 2024A
4
.450
11/15/44
2,951,457
4,875,000
Connecticut Housing Finance Authority, Housing Mortgage
Finance Program Bonds, Social Series 2025A-1
4
.650
11/15/51
4,838,296
1,250,000
Connecticut Housing Finance Authority, Housing Mortgage
Finance Program Bonds, Sustainability Green Series 2024D-1
4
.750
11/15/49
1,228,673
3,750,000
Connecticut State, General Obligation Bonds, Series 2017A
5
.000
04/15/35
3,850,818
2,315,000
Connecticut State, General Obligation Bonds, Series 2018A
5
.000
04/15/37
2,416,156
5,000,000
Connecticut State, General Obligation Bonds, Series 2018A
5
.000
04/15/38
5,207,033
1,035,000
Connecticut State, General Obligation Bonds, Series 2018E
5
.000
09/15/37
1,087,413
2,145,000
Connecticut State, General Obligation Bonds, Social Series
2024G
3
.000
11/15/42
1,896,864
2,260,000
Connecticut State, General Obligation Bonds, Social Series
2024G
3
.000
11/15/43
1,950,484
5,300,000
Connecticut State, Special Tax Obligation Bonds,
Transportation Infrastructure Purposes Series 2016A
5
.000
09/01/33
5,373,326
1,075,000
Connecticut State, Special Tax Obligation Bonds,
Transportation Infrastructure Purposes Series 2016A
5
.000
09/01/34
1,089,262
55,000
Greater New Haven Water Pollution Control Authority,
Connecticut, Regional Wastewater System Revenue Bonds,
Series 2005A - NPFG Insured
5
.000
08/15/35
55,074
2,315,000
(b)
Harbor Point Infrastructure Improvement District, Connecticut,
Special Obligation Revenue Bonds, Harbor Point Project,
Refunding Series 2017
5
.000
04/01/39
2,347,621
2,285,000
Hartford County Metropolitan District, Connecticut, General
Obligation Bonds, Series 2018
5
.000
07/15/36
2,396,586
1,550,000
New Haven, Connecticut, General Obligation Bonds,
Refunding Series 2016A - AGM Insured
5
.000
08/15/35
1,566,779
1,045,000
New Haven, Connecticut, General Obligation Bonds, Series
2017A
5
.000
08/01/35
1,071,640
1,425,000
New Haven, Connecticut, General Obligation Bonds, Series
2017A
5
.000
08/01/36
1,458,489
1,300,000
Stamford Housing Authority, Connecticut, Revenue Bonds,
Mozaic Concierge Living Project, Series 2025A
6
.500
10/01/55
1,328,256
500,000
Stamford, Connecticut, Water Pollution Control System and
Facility Revenue Bonds, Series 2013A
5
.250
08/15/43
500,445
1,285,000
Steel Point Infrastructure Improvement District, Connecticut,
Special Obligation Revenue Bonds, Steelpointe Harbor Project,
Series 2021
4
.000
04/01/51
1,098,426
1,005,000
Town of Hamden, Connecticut, General Obligation Bonds,
Refunding Series 2018A - BAM Insured
5
.000
08/15/30
1,071,540
2,250,000
University of Connecticut, General Obligation Bonds, Series
2015A
5
.000
03/15/31
2,255,834
445,000
Waterbury, Connecticut, General Obligation Bonds, Lot A
Series 2015 - BAM Insured
5
.000
08/01/30
445,949
390,000
Waterbury, Connecticut, General Obligation Bonds, Lot A
Series 2015 - BAM Insured
5
.000
08/01/31
390,819
610,000
Waterbury, Connecticut, General Obligation Bonds, Lot A
Series 2015 - BAM Insured
5
.000
08/01/32
611,249
445,000
Waterbury, Connecticut, General Obligation Bonds, Lot A
Series 2015 - BAM Insured
5
.000
08/01/33
445,878
Portfolio of Investments January 31, 2026
(continued)
NVG
12
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
CONNECTICUT
(continued)
$
445,000
Waterbury, Connecticut, General Obligation Bonds, Lot A
Series 2015 - BAM Insured
5
.000
%
08/01/34
$
445,849
TOTAL CONNECTICUT
101,092,912
DELAWARE - 0.6% (0.4% of Total Investments)
775,000
Delaware State Housing Authority, Senior Single Family
Mortgage Revenue Bonds, Series 2024B
4
.650
07/01/49
776,221
930,000
Delaware State Housing Authority, Senior Single Family
Mortgage Revenue Bonds, Series 2024B
4
.750
07/01/54
927,391
3,375,000
Delaware State Housing Authority, Senior Single Family
Mortgage Revenue Bonds, Series 2024D
4
.450
07/01/49
3,286,688
1,825,000
Delaware State Housing Authority, Senior Single Family
Mortgage Revenue Bonds, Series 2024D
4
.500
07/01/54
1,758,684
2,150,000
Delaware State Housing Authority, Senior Single Family
Mortgage Revenue Bonds, Series 2025A
4
.650
07/01/50
2,145,103
1,500,000
Delaware State Housing Authority, Senior Single Family
Mortgage Revenue Bonds, Series 2025A
4
.700
07/01/55
1,479,201
2,325,000
Delaware State Housing Authority, Senior Single Family
Mortgage Revenue Bonds, Series 2025B
5
.000
07/01/50
2,346,452
3,010,000
Kent County, Delaware, Student Housing & Dining Facility
Revenue Bonds, Collegiate Housing Foundation - Dover LLC
Delaware State University Project, Series 2018A
5
.000
07/01/48
2,829,632
1,000,000
Kent County, Delaware, Student Housing & Dining Facility
Revenue Bonds, Collegiate Housing Foundation - Dover LLC
Delaware State University Project, Series 2018A
5
.000
07/01/58
905,981
TOTAL DELAWARE
16,455,353
DISTRICT OF COLUMBIA - 4.1% (2.4% of Total Investments)
3,780,000
District of Columbia Student Dormitory Revenue Bonds,
Provident Group - Howard Properties LLC Issue, Series 2013
5
.000
10/01/45
3,573,459
182,000,000
District of Columbia Tobacco Settlement Corporation, Tobacco
Settlement Asset-Backed Bonds, Series 2006A
0
.000
06/15/46
42,664,149
5,145,000
District of Columbia, General Obligation Bonds, Series 2024A
5
.000
08/01/49
5,386,241
1,500,000
District of Columbia, Washington, D.C., Revenue Bonds,
Ingleside at Rock Creek Project, Series 2017A
5
.000
07/01/42
1,503,464
7,980,000
Metropolitan Washington Airports Authority, Virginia,
Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital
Improvement Projects, Refunding Second Senior Lien Series
2022A - AGM Insured
4
.000
10/01/52
7,060,292
17,595,000
Metropolitan Washington Airports Authority, Virginia,
Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital
Improvement Projects, Refunding Second Senior Lien Series
2022A - AGM Insured
2
.750
10/01/53
11,378,053
22,015,000
Metropolitan Washington Airports Authority, Virginia,
Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital
Improvement Projects, Refunding Second Senior Lien Series
2022A - AGM Insured
3
.000
10/01/53
15,455,536
11,000,000
(d)
Metropolitan Washington Airports Authority, Virginia,
Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital
improvement Projects, Second Senior Lien Series 2009C, (Pre-
refunded 10/01/26) - AGC Insured
6
.500
10/01/41
11,300,120
10,000,000
Metropolitan Washington Airports Authority, Virginia,
Dulles Toll Road Revenue Bonds, Dulles Metrorail Capital
Appreciation, Second Senior Lien Series 2010B
6
.500
10/01/44
10,643,545
3,000,000
Washington Metropolitan Area Transit Authority, District
of Columbia, Dedicated Revenue Bonds, Second Lien
Sustainability- Climate Transition, Green Series 2024A
4
.375
07/15/56
2,850,274
TOTAL DISTRICT OF COLUMBIA
111,815,133
13
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
FLORIDA - 5.3% (3.1% of Total Investments)
$
1,105,000
(b)
Babcock Ranch Community Independent Special District,
Charlotte County, Florida, Special Assessment Bonds, 2024
Project Series 2024
5
.000
%
05/01/44
$
1,113,046
990,000
Bexley Community Development District, Pasco County,
Florida, Special Assessment Revenue Bonds, Series 2016
4
.700
05/01/36
991,512
3,350,000
(b)
Capital Trust Agency, Florida, Educational Facilities Lease
Revenue Bonds, Franklin Academy Projects, Series 2020
5
.000
12/15/50
3,017,809
1,290,000
(b)
Capital Trust Agency, Florida, Revenue Bonds, Babcock
Neighborhood School Inc, Series 2018
6
.100
08/15/38
1,323,899
1,045,000
(b)
Capital Trust Agency, Florida, Revenue Bonds, Babcock
Neighborhood School Inc, Series 2018
6
.200
08/15/48
1,047,874
1,290,000
(b)
Capital Trust Agency, Florida, Revenue Bonds, Babcock
Neighborhood School Inc, Series 2021
4
.000
08/15/51
1,006,700
1,065,000
(b)
Capital Trust Agency, Florida, Revenue Bonds, Odyssey Charter
School Project, Series 2017A
5
.375
07/01/37
1,075,259
1,470,000
(b)
Capital Trust Agency, Florida, Revenue Bonds, Odyssey Charter
School Project, Series 2017A
5
.500
07/01/47
1,471,179
6,050,000
(b)
Capital Trust Agency, Florida, Revenue Bonds, Renaissance
Charter School Project, Series 2017A
5
.125
06/15/37
6,071,840
1,885,000
(b)
Capital Trust Agency, Florida, Revenue Bonds, Renaissance
Charter School Project, Series 2017A
5
.250
06/15/47
1,766,607
880,000
(b)
Capital Trust Agency, Florida, Revenue Bonds, Viera Charter
School Project, Series 2017A
5
.000
10/15/37
883,716
735,000
(b)
Capital Trust Agency, Florida, Revenue Bonds, Viera Charter
School Project, Series 2019A
5
.000
10/15/49
683,886
4,670,000
City of Miami Beach, Florida, Stormwater Revenue Bonds,
Series 2015
5
.000
09/01/41
4,676,531
275,000
Cityplace Community Development District, Florida, Special
Assessement and  Revenue Bonds, Refunding Series 2012
5
.000
05/01/26
276,248
240,000
Creekside at Twin Creeks Community Development District,
Florida, Special Assessment Bonds, Area 1 Project, Series
2016A-1
5
.250
11/01/37
246,774
305,000
Creekside at Twin Creeks Community Development District,
Florida, Special Assessment Bonds, Area 1 Project, Series
2016A-1
5
.600
11/01/46
309,567
280,000
Downtown Doral Community Development District, Florida,
Special Assessment Bonds, Series 2015
5
.250
05/01/35
280,830
315,000
Downtown Doral Community Development District, Florida,
Special Assessment Bonds, Series 2015
5
.300
05/01/36
315,947
475,000
Downtown Doral Community Development District, Florida,
Special Assessment Bonds, Series 2015
5
.500
05/01/45
475,602
655,000
Downtown Doral Community Development District, Florida,
Special Assessment Bonds, Series 2015
5
.500
05/01/46
655,709
255,000
(b)
Florida Development Finance Corporation, Educational
Facilities Revenue Bonds, Classical Preparatory Incorporated
Project, Series 2017A
6
.000
06/15/37
255,464
665,000
(b)
Florida Development Finance Corporation, Educational
Facilities Revenue Bonds, Classical Preparatory Incorporated
Project, Series 2017A
6
.125
06/15/46
665,168
415,000
(b)
Florida Development Finance Corporation, Educational
Facilities Revenue Bonds, Classical Preparatory Incorporated
Project, Series 2018A
6
.000
06/15/37
415,755
2,375,000
(b)
Florida Development Finance Corporation, Educational
Facilities Revenue Bonds, Downtown Doral Charter Upper
School Project, Series 2017C
5
.650
07/01/37
2,421,479
3,735,000
(b)
Florida Development Finance Corporation, Educational
Facilities Revenue Bonds, Downtown Doral Charter Upper
School Project, Series 2017C
5
.750
07/01/47
3,713,678
2,075,000
(b)
Florida Development Finance Corporation, Educational
Facilities Revenue Bonds, Florida Charter Foundation Inc.
Projects, Series 2016A
4
.750
07/15/36
2,075,121
1,335,000
(b)
Florida Development Finance Corporation, Educational
Facilities Revenue Bonds, Florida Charter Foundation Inc.
Projects, Series 2016A
5
.000
07/15/46
1,234,549
Portfolio of Investments January 31, 2026
(continued)
NVG
14
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
FLORIDA
(continued)
$
3,330,000
Florida Development Finance Corporation, Educational
Facilities Revenue Bonds, Mater Academy Projects, Series
2020A
5
.000
%
06/15/50
$
3,165,007
3,405,000
Florida Development Finance Corporation, Educational
Facilities Revenue Bonds, Mater Academy Projects, Series
2020A
5
.000
06/15/55
3,189,269
550,000
(b)
Florida Development Finance Corporation, Educational
Facilities Revenue Bonds, Renaissance Charter School, Inc.
Projects, Series 2014A
6
.125
06/15/44
550,174
4,380,000
(b)
Florida Development Finance Corporation, Educational
Facilities Revenue Bonds, Southwest Charter Foundation Inc
Projects, Series 2017A
6
.125
06/15/47
4,323,477
1,485,000
(b)
Florida Development Finance Corporation, Educational
Facilities Revenue Bonds, The Florida Charter Educational
Foundation Inc. Projects, Series 2016A
6
.250
06/15/36
1,492,632
4,350,000
(b)
Florida Development Finance Corporation, Educational
Facilities Revenue Bonds, The Florida Charter Educational
Foundation Inc. Projects, Series 2016A
6
.375
06/15/46
4,357,538
3,905,000
Florida Housing Finance Corporation, Homeowner Mortgage
Revenue Bonds, Series 2024-5
4
.600
07/01/49
3,883,657
2,500,000
Florida Housing Finance Corporation, Homeowner Mortgage
Revenue Bonds, Series 2024-5
4
.650
07/01/54
2,465,794
4,195,000
Florida Housing Finance Corporation, Homeowner Mortgage
Revenue Bonds, Series 2025-1
4
.600
07/01/50
4,137,017
1,705,000
Florida Housing Finance Corporation, Homeowner Mortgage
Revenue Bonds, Series 2025-5
4
.900
07/01/45
1,748,295
5,490,000
Florida Housing Finance Corporation, Homeowner Mortgage
Revenue Bonds, Social Series 2021-1
2
.150
07/01/51
3,214,896
6,860,000
Florida State Turnpike Authority, Turnpike Revenue Bonds,
Department of Transportation, Series 2025D
4
.250
07/01/55
6,413,859
5,560,000
Florida State Turnpike Authority, Turnpike Revenue Bonds,
Department of Transportation, Series 2026A
4
.250
07/01/49
5,388,035
1,435,000
Grand Bay at Doral Community Development District, Miami-
Dade County, Florida, Special Assessment Bonds, South Parcel
Assessment Area Project, Series 2016
4
.750
05/01/36
1,437,152
2,215,000
(b)
Jacksonville, Florida, Educational Facilities Revenue Bonds,
Jacksonville University Project, Series 2018B
5
.000
06/01/53
1,901,352
625,000
(b)
Lakewood Ranch Stewardship District, Florida, Special
Assessment Revenue Bonds, Del Webb Project, Series 2017
5
.000
05/01/37
633,635
1,080,000
(b)
Miami Dade County Industrial Development Authority, Florida,
Educational Facilities Revenue Bonds, South Florida Autism
Charter School Project, Series 2017
5
.875
07/01/37
1,089,906
1,920,000
(b)
Miami Dade County Industrial Development Authority, Florida,
Educational Facilities Revenue Bonds, South Florida Autism
Charter School Project, Series 2017
6
.000
07/01/47
1,920,228
4,710,000
Miami Dade County, Florida, Rickenbacker Causeway Revenue
Bonds, Series 2014
5
.000
10/01/43
4,713,057
5,000,000
Miami-Dade County Expressway Authority, Florida, Toll System
Revenue Bonds, Series 2014A
5
.000
07/01/39
5,001,774
8,000,000
Miami-Dade County, Florida, Transit System Sales Surtax
Revenue Bonds, Series 2022
5
.000
07/01/44
8,435,825
10,000,000
Miami-Dade County, Florida, Water and Sewer System
Revenue Bonds, Series 2025A
5
.000
10/01/55
10,297,812
4,785,000
Northern Palm Beach County Improvement District, Florida,
Water Control and Improvement Bonds, Development Unit 53,
Series 2015
5
.350
08/01/35
4,821,138
5,070,000
Orange County Health Facilities Authority, Florida, Hospital
Revenue Bonds, Orlando Health Obligated Group, Inc., Series
2022
4
.000
10/01/52
4,378,764
2,890,000
Osceola County, Florida, Transportation Revenue Bonds,
Osceola Parkway, Refunding & Improvement Series 2019A-1
5
.000
10/01/49
2,900,123
3,345,000
Osceola County, Florida, Transportation Revenue Bonds,
Osceola Parkway, Refunding & Improvement Series 2019A-1
4
.000
10/01/54
2,896,026
15
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
FLORIDA
(continued)
$
2,000,000
Palm Beach County Health Facilities Authority, Florida, Hospital
Revenue Bonds, Jupiter Medical Center, Series 2022
5
.000
%
11/01/47
$
2,007,166
825,000
Reunion West Community Development District, Florida,
Special Assessment Bonds, Area 3 Project, Series 2016
5
.000
11/01/46
826,038
1,000,000
Sarasota County Public Hospital District, Florida, Hospital
Revenue Bonds, Sarasota Memorial Hospital Project, Series
2018
4
.000
07/01/48
887,305
220,000
(b)
Seminole County Industrial Development Authority, Florida,
Educational Facilities Revenue Bonds, Galileo Schools for
Gifted Learning, Series 2021A
4
.000
06/15/51
169,467
90,000
Six Mile Creek Community Development District, Florida,
Capital Improvement Revenue Bonds, Assessment Area 2,
Series 2016
4
.750
11/01/28
92,098
365,000
Six Mile Creek Community Development District, Florida,
Capital Improvement Revenue Bonds, Assessment Area 2,
Series 2016
5
.375
11/01/36
375,192
900,000
South Fork III Community Development District, Florida,
Special Assessment Revenue Bonds, Refunding Series 2016
5
.375
05/01/37
913,425
1,995,000
(b)
Village Community Development District 15, Florida, Special
Assessment Revenue Bonds, Series 2024
4
.800
05/01/55
1,908,378
5,015,000
Volusia County Educational Facilities Authority, Florida,
Revenue Bonds, Stetson University Inc. Project, Series 2015
5
.000
06/01/40
5,015,974
TOTAL FLORIDA
145,423,234
GEORGIA - 3.8% (2.2% of Total Investments)
1,890,000
Atlanta Development Authority, Georgia, Economic
Development Certificates, Gulch Enterprise Zone Project,
Convertible Capital Appreciation Series 2024A-1 Class A
6
.500
12/15/48
1,703,164
17,085,000
Burke County Development Authority, Georgia, Pollution
Control Revenue Bonds, Georgia Transmission Corporation
Vogtle Project, Series 2012
2
.750
01/01/52
10,890,741
5,775,000
Burke County Development Authority, Georgia, Pollution
Control Revenue Bonds, Oglethorpe Power Corporation Vogtle
Project, Series 2017C
4
.125
11/01/45
5,445,278
11,280,000
Burke County Development Authority, Georgia, Pollution
Control Revenue Bonds, Oglethorpe Power Corporation Vogtle
Project, Series 2017D
4
.125
11/01/45
10,635,972
11,100,000
(e)
Columbia County Hospital Authority, Georgia, Revenue
Anticipation Certificates, WellStar Health System, Inc. Project,
Series 2023B, (UB)
5
.125
04/01/48
11,484,739
2,680,000
Georgia Housing and Finance Authority, Single Family
Mortgage Bonds, Series 2018A
3
.950
12/01/43
2,623,821
3,085,000
Georgia Housing and Finance Authority, Single Family
Mortgage Bonds, Series 2018A
4
.000
12/01/48
2,844,012
2,215,000
(e)
Georgia Housing and Finance Authority, Single Family
Mortgage Bonds, Series 2023A, (UB)
4
.350
12/01/43
2,232,364
3,000,000
(e)
Georgia Housing and Finance Authority, Single Family
Mortgage Bonds, Series 2023A, (UB)
4
.550
12/01/48
2,987,338
4,470,000
Georgia Housing and Finance Authority, Single Family
Mortgage Bonds, Series 2024A
4
.600
12/01/49
4,454,306
635,000
Georgia Housing and Finance Authority, Single Family
Mortgage Bonds, Series 2024A
4
.700
12/01/54
629,798
5,000,000
Georgia Housing and Finance Authority, Single Family
Mortgage Bonds, Series 2024C
4
.550
12/01/49
4,925,264
1,000,000
Georgia Housing and Finance Authority, Single Family
Mortgage Bonds, Series 2024C
4
.600
12/01/54
977,735
1,300,000
(b)
Macon-Bibb County Urban Development Authority, Georgia,
Revenue Bonds, Academy for Classical Education, Series 2017
5
.750
06/15/37
1,319,976
7,000,000
(a),(b)
Main Street Natural Gas Inc., Georgia, Gas Supply Revenue
Bonds, Series 2022C, (Mandatory Put 11/01/27)
4
.000
08/01/52
7,002,771
5,000,000
(a)
Main Street Natural Gas Inc., Georgia, Gas Supply Revenue
Bonds, Series 2023E-1, (Mandatory Put 6/01/31)
5
.000
12/01/53
5,358,402
Portfolio of Investments January 31, 2026
(continued)
NVG
16
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
GEORGIA
(continued)
$
2,000,000
(b)
Marietta Development Authority, Georgia, University Facilities
Revenue Bonds, Life University, Inc. Project, Refunding Series
2017A
5
.000
%
11/01/47
$
1,771,281
15,130,000
Metropolitan Atlanta Rapid Transit Authority, Georgia, Sales Tax
Revenue Bonds, Green Series 2025A
5
.250
07/01/50
16,200,205
4,450,000
Municipal Electric Authority of Georgia, Plant Vogtle Units 3 &
4 Project J Bonds, Series 2015A
5
.000
07/01/60
4,396,361
6,390,000
Private Colleges and Universities Authority, Georgia, Revenue
Bonds, Mercer University, Series 2015
5
.000
10/01/40
6,393,146
TOTAL GEORGIA
104,276,674
GUAM - 0.2% (0.1% of Total Investments)
750,000
Guam Government Waterworks Authority, Water and
Wastewater System Revenue Bonds,  Refunding Series 2024A
5
.000
07/01/41
797,830
875,000
Guam Government Waterworks Authority, Water and
Wastewater System Revenue Bonds,  Refunding Series 2024A
5
.000
07/01/42
922,509
885,000
Guam Government Waterworks Authority, Water and
Wastewater System Revenue Bonds,  Refunding Series 2024A
5
.000
07/01/44
915,858
1,095,000
Guam Government Waterworks Authority, Water and
Wastewater System Revenue Bonds,  Refunding Series 2024A
5
.000
01/01/46
1,116,993
1,665,000
Guam Government Waterworks Authority, Water and
Wastewater System Revenue Bonds, Refunding Series 2017
5
.000
07/01/40
1,691,649
1,080,000
Guam Government Waterworks Authority, Water and
Wastewater System Revenue Bonds, Series 2020A
5
.000
01/01/50
1,096,416
TOTAL GUAM
6,541,255
HAWAII - 0.1% (0.0% of Total Investments)
1,500,000
(b)
Hawaii Department of Budget and Finance, Special Purpose
Revenue Bonds, Chaminade University of Honolulu, Series
2015A
5
.000
01/01/45
1,338,167
TOTAL HAWAII
1,338,167
IDAHO - 2.1% (1.2% of Total Investments)
3,300,000
Idaho Health Facilities Authority, Revenue Bonds, Kootenai
Health Project, Series 2014
4
.375
07/01/34
3,302,505
12,495,000
Idaho Health Facilities Authority, Revenue Bonds, Kootenai
Health Project, Series 2014
4
.750
07/01/44
12,498,226
1,250,000
Idaho Health Facilities Authority, Revenue Bonds, Madison
Memorial Hospital Project, Refunding Series 2016
5
.000
09/01/37
1,252,472
5,650,000
Idaho Housing & Finance Association, Idaho, Sales Tax
Revenue Bonds, Transportation Expansion & Congestion
Mitigation Fund, Series 2025A
5
.000
08/15/49
5,946,513
7,890,000
Idaho Housing & Finance Association, Idaho, Sales Tax
Revenue Bonds, Transportation Expansion & Congestion
Mitigation Fund, Series 2025A
4
.000
08/15/50
7,370,172
500,000
(b)
Idaho Housing and Finance Association, Nonprofit Facilities
Revenue Bonds, Gem Prep Meridian North LLC, Series 2020A
5
.000
07/01/40
461,083
1,415,000
(b)
Idaho Housing and Finance Association, Nonprofit Facilities
Revenue Bonds, Gem Prep Meridian North LLC, Series 2020A
5
.250
07/01/55
1,176,561
11,445,000
(e)
Idaho Housing and Finance Association, Single Family
Mortgage Revenue Bonds, Series 2023C, (UB)
4
.800
07/01/53
11,431,132
2,325,000
Idaho Housing and Finance Association, Single Family
Mortgage Revenue Bonds, Series 2024A
4
.600
01/01/49
2,308,040
10,364,000
(b)
Spring Valley Community Infrastructure District 1, Eagle, Idaho,
Special Assessment Bonds, Series 2021
3
.750
09/01/51
9,856,439
2,500,000
Spring Valley Community Infrastructure District 1, Eagle, Idaho,
Special Assessment Bonds, Series 2024
6
.250
09/01/53
2,560,735
TOTAL IDAHO
58,163,878
17
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ILLINOIS - 14.0% (8.2% of Total Investments)
$
1,410,000
Chicago Board of Education, Illinois, Unlimited Tax General
Obligation Bonds, Dedicated Tax Revenues, Series 1998B-1 -
NPFG Insured
0
.000
%
12/01/30
$
1,188,232
1,500,000
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue
Bonds, Second Lien Series 2020A
5
.000
12/01/55
1,503,395
5,000,000
Chicago, Illinois, General Airport Revenue Bonds, O'Hare
International Airport, Refunding Senior Lien Series 2022B
5
.250
01/01/56
5,127,104
6,000,000
Chicago, Illinois, General Airport Revenue Bonds, O'Hare
International Airport, Senior Lien Series 2024B
5
.500
01/01/59
6,361,035
1,355,000
Chicago, Illinois, General Obligation Bonds, Chicago Works
Series 2023A
5
.500
01/01/39
1,444,130
32,650,000
Chicago, Illinois, General Obligation Bonds, City Colleges,
Series 1999 - FGIC Insured
0
.000
01/01/32
26,747,321
1,425,000
Chicago, Illinois, General Obligation Bonds, Refunding Series
2016C
5
.000
01/01/38
1,425,759
2,500,000
Illinois Educational Facilities Authority, Revenue Bonds, Field
Museum of Natural History, Series 2002.RMKT
4
.450
11/01/36
2,543,469
3,400,000
Illinois Educational Facilities Authority, Revenue Bonds, Field
Museum of Natural History, Series 2002.RMKT
5
.500
11/01/36
3,408,931
1,700,000
(b)
Illinois Finance Authority, Charter School Revenue Bonds,
Intrinsic Charter Schools Belmont School Project, Series 2015A
5
.750
12/01/35
1,701,439
115,000
(b)
Illinois Finance Authority, Charter School Revenue Bonds,
Intrinsic Charter Schools Belmont School Project, Series 2015A
6
.000
12/01/45
115,023
8,835,000
Illinois Finance Authority, Health Services Facility Lease
Revenue Bonds, Provident Group - UIC Surgery Center, LLC -
University of Illinois Health Services Facility Project, Series 2020
4
.000
10/01/50
7,583,116
29,545,000
(d)
Illinois Finance Authority, Revenue Bonds, Ascension Health
Alliance, Series 2016C, (Pre-refunded 2/15/27)
4
.000
02/15/41
30,047,179
90,000
Illinois Finance Authority, Revenue Bonds, Ascension Health
Alliance, Series 2016C
4
.000
02/15/41
89,213
1,125,000
(d)
Illinois Finance Authority, Revenue Bonds, Ascension Health
Alliance, Series 2016C, (Pre-refunded 2/15/27)
4
.000
02/15/41
1,144,122
80,000
(d)
Illinois Finance Authority, Revenue Bonds, Ascension Health/
fkaPresence Health Network, Series 2016C, (Pre-refunded
2/15/27)
4
.000
02/15/41
81,360
1,755,000
(d)
Illinois Finance Authority, Revenue Bonds, Ascension Health/
fkaPresence Health Network, Series 2016C, (Pre-refunded
2/15/27)
4
.000
02/15/41
1,784,830
500,000
(b)
Illinois Finance Authority, Revenue Bonds, DePaul College Prep
Foundation, Series 2023A
5
.625
08/01/53
511,230
4,000,000
(c)
Illinois Finance Authority, Revenue Bonds, Lutheran Home and
Services, Series 2019A
5
.000
11/01/49
2,770,000
10,000,000
(e)
Illinois Finance Authority, Revenue Bonds, Northshore -
Edward-Elmhurst Health Credit Group, Series 2022A, (UB)
5
.000
08/15/47
10,173,731
12,000,000
Illinois Finance Authority, Revenue Bonds, OSF Healthcare
System, Series 2015A
5
.000
11/15/45
11,999,555
1,000,000
Illinois Finance Authority, Revenue Bonds, Rosalind Franklin
University Research Building Project, Series 2017C
5
.000
08/01/42
1,002,870
1,000,000
Illinois Finance Authority, Revenue Bonds, Rosalind Franklin
University Research Building Project, Series 2017C
5
.000
08/01/46
972,787
1,000,000
Illinois Finance Authority, Revenue Bonds, Rosalind Franklin
University Research Building Project, Series 2017C
5
.000
08/01/47
966,062
10,000,000
(e)
Illinois Finance Authority, Revenue Bonds, University of
Chicago Medicine, Series 2022A, (UB)
5
.000
08/15/52
10,044,681
5,670,000
Illinois Housing Development Authority, Multifamily Housing
Revenue Bonds, Series 2021C
2
.850
07/01/56
3,792,014
10,000,000
Illinois Housing Development Authority, Revenue Bonds, Social
Series 2024I
4
.625
04/01/50
9,905,991
3,665,000
Illinois Sports Facility Authority, State Tax Supported Bonds,
Refunding Series 2014 - AGM Insured
5
.250
06/15/31
3,721,839
11,800,000
Illinois State, General Obligation Bonds, December Series
2017A
5
.000
12/01/38
12,075,359
1,330,000
Illinois State, General Obligation Bonds, December Series
2017A
5
.000
12/01/39
1,358,103
Portfolio of Investments January 31, 2026
(continued)
NVG
18
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ILLINOIS
(continued)
$
5,200,000
Illinois State, General Obligation Bonds, January Series 2016
5
.000
%
01/01/29
$
5,212,899
4,460,000
Illinois State, General Obligation Bonds, May Series 2020
5
.500
05/01/39
4,796,123
3,000,000
Illinois State, General Obligation Bonds, May Series 2024B
5
.000
05/01/38
3,311,080
10,450,000
Illinois State, General Obligation Bonds, November Series
2016
5
.000
11/01/41
10,519,995
28,845,000
Illinois State, General Obligation Bonds, November Series
2017C
5
.000
11/01/29
29,986,221
1,500,000
Illinois State, General Obligation Bonds, November Series
2017D
5
.000
11/01/27
1,562,618
5,000,000
Illinois State, General Obligation Bonds, November Series
2019B
4
.000
11/01/35
5,061,794
5,000,000
Illinois State, General Obligation Bonds, October Series 2016
5
.000
02/01/29
5,112,910
20,000
Illinois State, General Obligation Bonds, Refunding October
Series 2024
5
.000
02/01/29
21,387
5,875,000
Illinois State, General Obligation Bonds, Refunding October
Series 2024
5
.000
02/01/38
6,515,754
19,920,000
Illinois Toll Highway Authority, Toll Highway Revenue Bonds,
Senior Lien Series 2015B
5
.000
01/01/40
19,944,312
10,570,000
Illinois Toll Highway Authority, Toll Highway Revenue Bonds,
Senior Lien Series 2019A
5
.000
01/01/44
10,897,915
1,615,000
Illinois Toll Highway Authority, Toll Highway Revenue Bonds,
Senior Series 2023A
5
.250
01/01/45
1,741,410
4,000,000
Joliet, Illinois, Waterworks and Sewer Revenue Bonds, Senior
Lien Series 2025 - BAM Insured
5
.250
01/01/50
4,160,430
540,000
Metropolitan Pier and Exposition Authority, Illinois, McCormick
Place Expansion Project Bonds, Refunding Series 2015B
5
.000
06/15/52
531,924
5,880,000
Metropolitan Pier and Exposition Authority, Illinois, McCormick
Place Expansion Project Bonds, Refunding Series 2020A
4
.000
06/15/50
5,059,410
2,935,000
Metropolitan Pier and Exposition Authority, Illinois, McCormick
Place Expansion Project Bonds, Refunding Series 2020A - BAM
Insured
4
.000
06/15/50
2,597,230
5,185,000
Metropolitan Pier and Exposition Authority, Illinois, McCormick
Place Expansion Project Bonds, Refunding Series 2020A
5
.000
06/15/50
5,180,095
12,445,000
Metropolitan Pier and Exposition Authority, Illinois, McCormick
Place Expansion Project Bonds, Refunding Series 2022A
4
.000
12/15/47
10,958,314
4,500,000
Metropolitan Pier and Exposition Authority, Illinois, McCormick
Place Expansion Project Bonds, Refunding Series 2022A - BAM
Insured
4
.000
06/15/52
3,925,918
2,890,000
Metropolitan Pier and Exposition Authority, Illinois, McCormick
Place Expansion Project Bonds, Series 2015A
0
.000
12/15/52
748,135
25,000,000
Metropolitan Pier and Exposition Authority, Illinois, Revenue
Bonds, McCormick Place Expansion Project, Capital
Appreciation Refunding Series 2010B-1 - AGM Insured
0
.000
06/15/44
11,100,137
43,200,000
Metropolitan Pier and Exposition Authority, Illinois, Revenue
Bonds, McCormick Place Expansion Project, Capital
Appreciation Refunding Series 2010B-1 - AGM Insured
0
.000
06/15/45
17,864,639
10,000,000
Metropolitan Pier and Exposition Authority, Illinois, Revenue
Bonds, McCormick Place Expansion Project, Capital
Appreciation Refunding Series 2010B-1 - AGM Insured
0
.000
06/15/46
3,875,822
8,750,000
Metropolitan Pier and Exposition Authority, Illinois, Revenue
Bonds, McCormick Place Expansion Project, Series 1994B -
NPFG Insured
0
.000
06/15/28
8,159,769
20,045,000
Metropolitan Pier and Exposition Authority, Illinois, Revenue
Bonds, McCormick Place Expansion Project, Series 2002A -
AGM Insured
0
.000
12/15/35
14,333,576
9,010,000
Metropolitan Pier and Exposition Authority, Illinois, Revenue
Bonds, McCormick Place Expansion Project, Series 2002A -
NPFG Insured
0
.000
06/15/37
5,931,466
465,000
Morton Grove, Illinois, Tax Increment Revenue Bonds, Sawmill
Station Redevelopment Project, Senior Lien Series 2019
5
.000
01/01/39
465,027
1,842,000
Plano, Illinois, Special Tax Bonds, Special Service Area 1 &
2 Lakewood Springs Project, Refunding Series 2014 - AGM
Insured
5
.000
03/01/34
1,844,467
19
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
ILLINOIS
(continued)
$
2,615,000
Regional Transportation Authority, Cook, DuPage, Kane, Lake,
McHenry and Will Counties, Illinois, General Obligation Bonds,
Series 2000A - NPFG Insured
6
.500
%
07/01/30
$
2,899,812
3,000,000
Sales Tax Securitization Corporation, Illinois, Sales Tax
Securitization Bonds, Refunding Second Lien Series 2024A
5
.000
01/01/37
3,374,043
11,700,000
Southwestern Illinois Development Authority, Illinois, Local
Government Revenue Bonds, Triad Community Unit School
District 2 Project, Series 2025B - BAM Insured
5
.500
04/01/48
12,496,056
TOTAL ILLINOIS
381,780,568
INDIANA - 2.5% (1.5% of Total Investments)
2,000,000
Carmel Redevelopment Authority, Indiana, Ad Valorem
Property Tax Lease Rental Bonds, Series 2024B
1
.125
01/15/44
1,125,765
1,000,000
Carmel, Indiana, Waterworks Revenue Bonds, Refunding,
Series 2024C - BAM Insured
4
.250
05/01/53
923,468
5,000,000
Hamilton County Public Building Corporation, Indiana, Lease
Rental Revenue Bonds, Series 2024
4
.000
01/10/50
4,502,530
11,820,000
Indiana Finance Authority, Educational Facilities Revenue
Bonds, Valparaiso University Project, Series 2014
5
.000
10/01/44
10,752,564
9,720,000
Indiana Housing and Community Development Authority,
Single Family Mortgage Revenue Bonds, Social Series 2024B-1
4
.750
07/01/49
9,763,725
10,000,000
Indianapolis Local Public Improvement Bond Bank, Indiana,
Series 1999E - AMBAC Insured
0
.000
02/01/26
10,000,000
20,000,000
Indianapolis Local Public Improvement Bond Bank, Indiana,
Series 1999E - AMBAC Insured
0
.000
02/01/28
18,851,298
5,015,000
IPS Multi-School Building Corporation, Indiana, First Mortgage
Revenue Bonds, Social Series 2023
4
.250
07/15/43
5,056,238
1,485,000
Terre Haute Sanitary District, Indiana, Revenue Bonds,
Refunding Series 2024 - BAM Insured
4
.375
01/01/49
1,399,302
1,000,000
Westfield-Washington Multi-School Building Corporation,
Hamilton County, Indiana, First Mortgage Bonds, Series 2024A
- BAM Insured
5
.250
01/15/44
1,085,215
2,300,000
Westfield-Washington Multi-School Building Corporation,
Hamilton County, Indiana, First Mortgage Bonds, Series 2025C
- BAM Insured
5
.000
07/15/43
2,469,948
2,325,000
Westfield-Washington Multi-School Building Corporation,
Hamilton County, Indiana, First Mortgage Bonds, Series 2025C
- BAM Insured
5
.000
01/15/45
2,449,183
TOTAL INDIANA
68,379,236
IOWA - 1.5% (0.9% of Total Investments)
9,045,000
(d)
Iowa Finance Authority, Iowa, Midwestern Disaster Area
Revenue Bonds, Iowa Fertilizer Company Project, Refunding
Series 2022, (Pre-refunded 12/01/32)
5
.000
12/01/50
10,516,312
10,860,000
(a),(d)
Iowa Finance Authority, Iowa, Midwestern Disaster Area
Revenue Bonds, Iowa Fertilizer Company Project, Refunding
Series 2022, (Pre-refunded 12/01/32), (Mandatory Put
12/01/42)
5
.000
12/01/50
12,626,551
5,700,000
Iowa Finance Authority, Senior Housing Revenue Bonds, PHS
Council Bluffs, Inc. Project, Series 2018
5
.250
08/01/55
4,971,524
1,200,000
Iowa Finance Authority, Single Family Mortgage Revenue
Bonds, Social Series 2024A
4
.750
07/01/49
1,205,728
10,000,000
(e)
Iowa Finance Authority, Single Family Mortgage Revenue
Bonds, Social Taxable Series 2023C, (UB)
4
.850
07/01/43
10,269,000
10,455,000
Iowa Tobacco Settlement Authority, Tobacco Settlement Asset-
Backed Bonds, Class 2 Capital Appreciation Senior Lien Series
2021B-2
0
.000
06/01/65
1,493,104
TOTAL IOWA
41,082,219
Portfolio of Investments January 31, 2026
(continued)
NVG
20
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
KANSAS - 0.4% (0.2% of Total Investments)
$
1,000,000
Lenexa, Kansas, Health Care Facilities Revenue Bonds,
Lakeview Village Inc, Series 2017A
5
.000
%
05/15/43
$
1,001,054
1,120,000
Wyandotte County-Kansas City Unified Government, Kansas,
Sales Tax Special Obligation Bonds, Vacation Village Project
Area 1 and 2A, Series 2015
5
.000
09/01/27
1,120,186
2,380,000
Wyandotte County-Kansas City Unified Government, Kansas,
Sales Tax Special Obligation Bonds, Vacation Village Project
Area 1 and 2A, Series 2015
5
.750
09/01/32
2,309,507
2,575,000
Wyandotte County-Kansas City Unified Government, Kansas,
Sales Tax Special Obligation Bonds, Vacation Village Project
Area 1 and 2A, Series 2015
6
.000
09/01/35
2,503,004
2,500,000
(b)
Wyandotte County-Kansas City Unified Government, Kansas,
Sales Tax Special Obligation Bonds, Village East Project Areas
2B 3 and 5, Series 2022
5
.750
09/01/39
2,558,676
TOTAL KANSAS
9,492,427
KENTUCKY - 2.9% (1.7% of Total Investments)
6,400,000
Christian County, Kentucky, Hospital Revenue Bonds, Jennie
Stuart Medical Center, Series 2016
5
.500
02/01/44
6,402,595
10,140,000
Kentucky Economic Development Finance Authority, Hospital
Revenue Bonds, Owensboro Health, Refunding Series 2017A
5
.000
06/01/37
10,220,246
4,345,000
Kentucky Economic Development Finance Authority, Revenue
Bonds, Next Generation Kentucky Information Highway Project,
Senior Series 2015A
5
.000
07/01/37
4,349,837
15,620,000
Kentucky Economic Development Finance Authority, Revenue
Bonds, Next Generation Kentucky Information Highway Project,
Senior Series 2015A
5
.000
01/01/45
15,624,845
1,030,000
Kentucky Housing Corporation, Single Family Mortgage
Revenue Bonds, Series 2024A
4
.550
07/01/49
1,019,967
990,000
Kentucky Housing Corporation, Single Family Mortgage
Revenue Bonds, Series 2024A
4
.625
01/01/54
972,016
1,055,000
Kentucky Housing Corporation, Single Family Mortgage
Revenue Bonds, Series 2024C
4
.600
07/01/49
1,052,223
3,475,000
Kentucky Housing Corporation, Single Family Mortgage
Revenue Bonds, Series 2024C
4
.650
01/01/55
3,429,724
1,000,000
Kentucky Housing Corporation, Single Family Mortgage
Revenue Bonds, Series 2025A
4
.625
07/01/49
998,082
4,360,000
Kentucky Public Transportation Infrastructure Authority, Toll
Revenue Bonds, Downtown Crossing Project, Convertible
Capital Appreciation First Tier Series 2013C
6
.750
07/01/43
4,930,930
8,510,000
Kentucky Public Transportation Infrastructure Authority, Toll
Revenue Bonds, Downtown Crossing Project, Convertible
Capital Appreciation First Tier Series 2013C
6
.875
07/01/46
9,567,697
2,720,000
Kentucky State Property and Buildings Commission, Revenue
Bonds, Project 131, Series 2024A
5
.000
10/01/42
2,999,233
2,755,000
Kentucky State Property and Buildings Commission, Revenue
Bonds, Project 131, Series 2024A
5
.000
10/01/43
2,998,576
1,600,000
Kentucky State Property and Buildings Commission, Revenue
Bonds, Project 131, Series 2024A
5
.000
10/01/44
1,729,588
3,555,000
Louisville and Jefferson County Metropolitan Government,
Kentucky, Hospital Revenue Bonds, UofL Health Project, Series
2022A
5
.000
05/15/52
3,480,219
8,875,000
(a)
Public Energy Authority of Kentucky, Gas Supply Revenue
Bonds, Refunding Series 2024B, (Mandatory Put 8/01/32)
5
.000
01/01/55
9,567,002
1,000,000
University of Kentucky, Lease Purchase Obligations Bonds,
University of Kentucky Parking Structure 7 & Johnson Center
Expansion, Series 2025A
5
.000
04/01/55
1,024,031
TOTAL KENTUCKY
80,366,811
21
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
LOUISIANA - 1.1% (0.7% of Total Investments)
$
5,000,000
Lafayette, Louisiana, Utilities Revenue Bonds, Electric Projects
Series 2024
5
.000
%
11/01/46
$
5,216,373
560,000
Louisiana Housing Corporation, Single Family Mortgage
Revenue Bonds, Home Ownership Program, Series 2024A
4
.650
12/01/54
551,042
450,000
Louisiana Housing Corporation, Single Family Mortgage
Revenue Bonds, Series 2025A
4
.600
12/01/50
445,729
2,500,000
Louisiana Housing Corporation, Single Family Mortgage
Revenue Bonds, Series 2025C
5
.050
06/01/45
2,570,970
5,530,000
Louisiana Publc Facilities Authority, Lousiana, Revenue Bonds,
Ochsner Clinic Foundation Project, Series 2020A
4
.000
05/15/49
4,937,342
6,685,000
Louisiana Public Facilities Authority, Revenue Bonds, Loyola
University Project, Refunding Series 2017
5
.250
10/01/46
6,739,987
1,065,000
(d)
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner
Clinic Foundation Project, Series 2015, (Pre-refunded 2/03/26)
4
.250
05/15/40
1,065,106
4,390,000
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner
Clinic Foundation Project, Series 2015
5
.000
05/15/47
4,390,948
3,275,000
(b)
Saint James Parish, Louisiana, Revenue Bonds, NuStar Logistics,
L.P. Project, Series 2010A
6
.350
10/01/40
3,603,011
1,200,000
Terrebonne Parish, Louisiana, Sales and Use Tax Revenue
Bonds, Public Improvement Series 2025
4
.250
03/01/50
1,148,239
TOTAL LOUISIANA
30,668,747
MAINE - 1.3% (0.7% of Total Investments)
5,505,000
Maine Health and Higher Educational Facilities Authority
Revenue Bonds, Eastern Maine Medical Center Obligated
Group Issue, Series 2016A
4
.000
07/01/41
4,739,938
10,265,000
Maine Health and Higher Educational Facilities Authority
Revenue Bonds, Eastern Maine Medical Center Obligated
Group Issue, Series 2016A
4
.000
07/01/46
8,077,020
4,500,000
Maine State Housing Authority, Multifamily Mortgage Purchase
Bonds, Series 2021A
2
.200
11/15/51
2,559,067
8,885,000
Maine State Housing Authority, Multifamily Mortgage Purchase
Bonds, Series 2022A
2
.600
11/15/46
6,237,093
7,695,000
Maine State Housing Authority, Single Family Mortgage
Purchase Bonds, Series 2020D
2
.800
11/15/45
5,964,076
1,300,000
Maine State Housing Authority, Single Family Mortgage
Purchase Bonds, Social Series 2021C
2
.300
11/15/46
896,434
2,000,000
Maine State Housing Authority, Single Family Mortgage
Purchase Bonds, Social Series 2023A
4
.600
11/15/48
1,971,825
1,560,000
Maine State Housing Authority, Single Family Mortgage
Purchase Bonds, Social Series 2023B-1
4
.750
11/15/43
1,607,455
1,055,000
Maine State Housing Authority, Single Family Mortgage
Purchase Bonds, Social Series 2024B
4
.650
11/15/49
1,057,160
1,255,000
Maine State Housing Authority, Single Family Mortgage
Purchase Bonds, Social Series 2024C
4
.750
11/15/49
1,261,291
TOTAL MAINE
34,371,359
MARYLAND - 2.6% (1.5% of Total Investments)
1,280,000
Baltimore, Maryland, Convention Center Hotel Revenue Bonds,
Refunding Series 2017
5
.000
09/01/33
1,300,047
3,050,000
Baltimore, Maryland, Convention Center Hotel Revenue Bonds,
Refunding Series 2017
5
.000
09/01/39
3,071,859
3,025,000
Baltimore, Maryland, Convention Center Hotel Revenue Bonds,
Refunding Series 2017
5
.000
09/01/46
2,970,202
1,000,000
(b)
Howard County, Maryland, Special Obligation Bonds,
Downtown Columbia Project, Series 2017A
4
.375
02/15/39
999,977
6,600,000
Maryland Community Development Administration
Department of Housing and Community Development,
Residential Revenue Bonds, Series 2021C
2
.450
09/01/41
5,306,915
12,000,000
Maryland Community Development Administration
Department of Housing and Community Development,
Residential Revenue Bonds, Series 2021C
2
.550
09/01/44
9,140,332
4,660,000
Maryland Community Development Administration
Department of Housing and Community Development,
Residential Revenue Bonds, Social Series 2025A
4
.600
03/01/51
4,571,800
Portfolio of Investments January 31, 2026
(continued)
NVG
22
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MARYLAND
(continued)
$
7,975,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, Adventist HealthCare Issue, Series 2021B
4
.000
%
01/01/51
$
6,658,178
13,315,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, Adventist Healthcare, Series 2016A
5
.500
01/01/46
13,423,107
3,430,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, LifeBridge Health Issue, Series 2016
5
.000
07/01/47
3,435,569
1,000,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, Meritus Medical Center Inc Series 2025
5
.000
07/01/55
1,018,142
3,335,000
Maryland Health and Higher Educational Facilities Authority,
Revenue Bonds, TidalHealth Inc., Series 2025C
5
.500
07/01/55
3,544,257
6,000,000
Maryland Stadium Authority, Revenue Bonds, Baltimore City
Public Schools Construction & Revitalization Program, Series
2020A
5
.000
05/01/50
6,387,852
1,955,000
(b)
Prince George's County Revenue Authority, Maryland, Special
Obligation Bonds, Suitland-Naylor Road Project, Series 2016
4
.750
07/01/36
1,956,038
2,300,000
(b)
Prince George's County Revenue Authority, Maryland, Special
Obligation Bonds, Suitland-Naylor Road Project, Series 2016
5
.000
07/01/46
2,299,820
1,335,000
Rockville Mayor and Council, Maryland, Economic
Development Revenue Bonds, Series 2017B
4
.250
11/01/37
1,313,130
1,250,000
Rockville Mayor and Council, Maryland, Economic
Development Revenue Bonds, Series 2017B
4
.500
11/01/43
1,157,449
2,650,000
Rockville Mayor and Council, Maryland, Economic
Development Revenue Bonds, Series 2017B
5
.000
11/01/47
2,444,086
TOTAL MARYLAND
70,998,760
MASSACHUSETTS - 3.0% (1.7% of Total Investments)
2,245,000
Massachusetts Development Finance Agency Revenue Bonds,
Lawrence General Hospital Issue, Series 2014A
5
.250
07/01/34
2,123,156
6,195,000
Massachusetts Development Finance Agency Revenue Bonds,
Lawrence General Hospital Issue, Series 2014A
5
.500
07/01/44
5,652,121
8,200,000
(b)
Massachusetts Development Finance Agency Revenue
Refunding Bonds, NewBridge on the Charles, Inc. Issue, Series
2017
4
.125
10/01/42
7,766,337
3,000,000
(b)
Massachusetts Development Finance Agency Revenue
Refunding Bonds, NewBridge on the Charles, Inc. Issue, Series
2017
5
.000
10/01/57
2,887,230
145,000
(a)
Massachusetts Development Finance Agency, Revenue Bonds,
Amherst College, Series 2025A, (Mandatory Put 11/01/35)
5
.000
11/01/55
172,607
2,565,000
Massachusetts Development Finance Agency, Revenue Bonds,
Boston College, Series 2025W
4
.250
07/01/55
2,449,583
1,000,000
Massachusetts Development Finance Agency, Revenue Bonds,
Emerson College, Series 2015
4
.500
01/01/45
920,719
4,280,000
Massachusetts Development Finance Agency, Revenue Bonds,
Emmanuel College, Series 2016A
4
.000
10/01/46
3,480,210
900,000
(d)
Massachusetts Development Finance Agency, Revenue Bonds,
Milford Regional Medical Center Issue, Series 2020G, (Pre-
refunded 7/15/30)
5
.000
07/15/46
1,000,802
9,455,000
Massachusetts Development Finance Agency, Revenue Bonds,
UMass Memorial Issue Series 2025N-1
4
.500
07/01/54
8,859,096
6,000,000
Massachusetts Development Finance Authority, Revenue
Bonds, WGBH Educational Foundation, Series 2002A - AMBAC
Insured
5
.750
01/01/42
7,122,892
7,405,000
(e)
Massachusetts Health and Educational Facilities Authority,
Revenue Bonds, Massachusetts Institute of Technology, Series
2002K, (UB)
5
.500
07/01/32
8,817,947
2,785,000
Massachusetts Housing Finance Agency, Housing Bonds,
Series 2014D
3
.875
12/01/39
2,764,297
3,340,000
Massachusetts Housing Finance Agency, Housing Bonds,
Sustainability Green Series 2021A-1
2
.375
12/01/46
2,219,109
3,600,000
Massachusetts Housing Finance Agency, Housing Bonds,
Sustainability Green Series 2021A-1
2
.450
12/01/51
2,262,800
8,310,000
Massachusetts Housing Finance Agency, Housing Bonds,
Sustainability Green Series 2021A-1
2
.550
12/01/56
5,107,849
23
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MASSACHUSETTS
(continued)
$
250,000
Massachusetts Housing Finance Agency, Multifamily Housing
Bonds, Green Sustainability Series 2024A1
4
.700
%
12/01/49
$
249,072
455,000
Massachusetts Housing Finance Agency, Multifamily Housing
Bonds, Green Sustainability Series 2024A1
4
.800
12/01/54
446,463
4,500,000
Massachusetts Housing Finance Agency, Single Family Housing
Revenue Bonds, Social Series 2020-220
2
.300
12/01/44
3,239,200
2,645,000
Massachusetts Housing Finance Agency, Single Family Housing
Revenue Bonds, Social Series 2023-227
4
.900
12/01/48
2,653,685
1,070,000
Massachusetts Housing Finance Agency, Single Family Housing
Revenue Bonds, Social Series 2024-234
4
.700
12/01/49
1,074,831
2,865,000
Massachusetts Housing Finance Agency, Single Family Housing
Revenue Bonds, Social Series 2025-242
4
.750
12/01/50
2,855,339
2,925,000
Massachusetts State, General Obligation Bonds, Consolidated
Loan Series 2025G
5
.000
12/01/50
3,071,688
3,345,000
Massachusetts State, General Obligation Bonds, Consolidated
Loan, Series 2021B
2
.000
04/01/50
1,972,358
2,000,000
North Attleborough, Massachusetts, General Obligation Bonds,
Municipal Purpose Loan, Series 2026
4
.125
03/15/55
1,871,546
TOTAL MASSACHUSETTS
81,040,937
MICHIGAN - 2.2% (1.3% of Total Investments)
3,610,000
(e),(g)
Detroit City School District, Wayne County, Michigan, Unlimited
Tax School Building and Site Improvement Bonds, Series
2001A - AGM Insured, (UB)
6
.000
05/01/29
3,859,924
2,000,000
(h)
East Grand Rapid Public Schools, Kent County, Michigan,
General Obligation Bonds, School Building & Site Refunding
Series 2026II
5
.000
05/01/55
2,067,202
145,000
(d)
Michigan Finance Authority, Michigan, Revenue Bonds, Trinity
Health Credit Group, Refunding Series 2016MI, (Pre-refunded
6/01/26)
5
.000
12/01/45
146,165
125,000
(d)
Michigan Finance Authority, Michigan, Revenue Bonds, Trinity
Health Credit Group, Refunding Series 2016MI, (Pre-refunded
6/01/26)
5
.000
12/01/45
126,005
2,355,000
Michigan Finance Authority, Michigan, Revenue Bonds, Trinity
Health Credit Group, Refunding Series 2016MI
5
.000
12/01/45
2,358,786
2,705,000
Michigan Finance Authority, Tobacco Settlement Asset- Backed
Bonds, 2006 Sold Tobacco Receipts Senior Current Interest
Series 2020A-2
5
.000
06/01/40
2,803,525
1,000,000
Michigan Finance Authority, Tobacco Settlement Asset- Backed
Bonds, 2007 Sold Tobacco Receipts, Senior Current Interest
Series 2020A-CL-1
4
.000
06/01/49
862,193
180,000
Michigan Housing Development Authority, Rental Housing
Revenue Bonds, Series 2024A
3
.700
04/01/30
180,103
5,000,000
Michigan Housing Development Authority, Single Family
Mortgage Revenue Bonds, Series 2023B
4
.800
12/01/43
5,141,832
21,675,000
Michigan Housing Development Authority, Single Family
Mortgage Revenue Bonds, Social Series 2021A
2
.350
12/01/46
15,248,796
8,280,000
Michigan Housing Development Authority, Single Family
Mortgage Revenue Bonds, Social Series 2021A
2
.500
06/01/52
5,672,526
6,000,000
Michigan State Building Authority, Revenue Bonds, Facilities
Program, Refunding Series 2020-I
2
.625
10/15/56
3,769,906
5,080,000
Michigan State Building Authority, Revenue Bonds, Facilities
Program, Refunding Series 2023II
4
.000
10/15/47
4,772,690
8,000,000
Michigan State Building Authority, Revenue Bonds, Facilities
Program, Refunding Series 2025I
5
.000
10/15/50
8,345,474
5,000,000
Michigan State Building Authority, Revenue Bonds, Facilities
Program, Refunding Series 2025I
5
.250
10/15/50
5,293,334
TOTAL MICHIGAN
60,648,461
Portfolio of Investments January 31, 2026
(continued)
NVG
24
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MINNESOTA - 1.7% (1.0% of Total Investments)
$
1,155,000
Baytown Township, Minnesota Charter School Lease Revenue
Bonds, Saint Croix Preparatory Academy, Refunding Series
2016A
4
.000
%
08/01/36
$
1,094,845
440,000
Baytown Township, Minnesota Charter School Lease Revenue
Bonds, Saint Croix Preparatory Academy, Refunding Series
2016A
4
.000
08/01/41
391,161
1,720,000
Deephaven, Minnesota, Charter School Lease Revenue Bonds,
Eagle Ridge Academy Project, Series 2015A
5
.500
07/01/50
1,720,025
7,020,000
Duluth Economic Development Authority, Minnesota, Health
Care Facilities Revenue Bonds, Essentia Health Obligated
Group, Series 2018A
4
.250
02/15/43
6,903,735
23,200,000
Duluth Economic Development Authority, Minnesota, Health
Care Facilities Revenue Bonds, Essentia Health Obligated
Group, Series 2018A
4
.250
02/15/48
21,077,597
340,000
Minneapolis, Minnesota, Charter School Lease Revenue Bonds,
Cyber Village Academy Project, Series 2022A
5
.250
06/01/42
323,828
215,000
Minneapolis, Minnesota, Charter School Lease Revenue Bonds,
Cyber Village Academy Project, Series 2022A
5
.500
06/01/57
189,886
1,400,000
Minneapolis, Minnesota, Charter School Lease Revenue Bonds,
Hiawatha Academies Project, Series 2022A
5
.500
07/01/52
1,187,420
2,475,000
Minnesota Housing Finance Agency, Residential Housing
Finance Bonds, Series 2020E
2
.700
07/01/44
1,948,328
2,320,000
Minnesota Housing Finance Agency, Residential Housing
Finance Bonds, Series 2020I
2
.150
07/01/45
1,584,720
3,625,000
Minnesota Housing Finance Agency, Residential Housing
Finance Bonds, Series 2020I
2
.200
01/01/51
2,331,652
5,585,000
Minnesota Housing Finance Agency, Residential Housing
Finance Bonds, Series 2021H
2
.550
01/01/46
4,100,125
1,365,000
Minnesota Housing Finance Agency, Residential Housing
Finance Bonds, Social Series 2025F
4
.850
07/01/45
1,389,746
405,000
Saint Cloud, Minnesota, Charter School Lease Revenue Bonds,
Stride Academy Project, Series 2016A
5
.000
04/01/36
382,225
605,000
Saint Cloud, Minnesota, Charter School Lease Revenue Bonds,
Stride Academy Project, Series 2016A
5
.000
04/01/46
492,606
1,395,000
Saint Paul Housing and Redevelopment Authority, Minnesota,
Health Care Facility Revenue Bonds, HealthPartners Obligated
Group, Refunding Series 2015A
4
.000
07/01/35
1,395,378
TOTAL MINNESOTA
46,513,277
MISSISSIPPI - 0.8% (0.5% of Total Investments)
3,900,000
Mississippi Business Finance Corporation, Revenue Bonds,
System Energy Resources, Inc. Project, Refunding Series 2021
2
.375
06/01/44
2,550,374
1,000,000
Mississippi Home Corporation, Single Family Mortgage
Revenue Bonds, Series 2021A
2
.125
12/01/44
692,575
13,000,000
(e)
Mississippi Home Corporation, Single Family Mortgage
Revenue Bonds, Series 2023C, (UB)
4
.650
12/01/48
12,693,090
1,760,000
Mississippi Home Corporation, Single Family Mortgage
Revenue Bonds, Series 2024A
4
.550
12/01/49
1,743,292
2,000,000
Mississippi Home Corporation, Single Family Mortgage
Revenue Bonds, Series 2024C
4
.850
12/01/54
2,008,188
1,500,000
Mississippi Hospital Equipment and Facilities Authority,
Revenue Bonds, Ochsner Clinic Foundation Project Refunding
Series 2025C
5
.000
05/15/55
1,528,149
TOTAL MISSISSIPPI
21,215,668
25
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MISSOURI - 2.1% (1.2% of Total Investments)
$
400,000
(b)
Kansas City Industrial Development Authority, Missouri,
Sales Tax Revenue Bonds, Ward Parkway Center Community
Improvement District, Senior Refunding & Improvement Series
2016
5
.000
%
04/01/36
$
400,504
1,520,000
(b)
Kansas City Industrial Development Authority, Missouri,
Sales Tax Revenue Bonds, Ward Parkway Center Community
Improvement District, Senior Refunding & Improvement Series
2016
5
.000
04/01/46
1,424,295
15,000,000
Kansas City Municipal Assistance Corporation, Missouri,
Leasehold Revenue Bonds, Improvement Series 2004B-1 -
AMBAC Insured
0
.000
04/15/28
14,004,711
2,345,000
Kirkwood Industrial Development Authority, Missouri,
Retirement Community Revenue Bonds, Aberdeen Heights
Project, Refunding Series 2017A
5
.250
05/15/50
2,144,960
1,575,000
(b)
Liberty, Missouri, Special Obligation Tax Increment and Special
Districts Bonds, Liberty Commons Project, Series 2015A
5
.750
06/01/35
1,577,100
1,055,000
(b)
Liberty, Missouri, Special Obligation Tax Increment and Special
Districts Bonds, Liberty Commons Project, Series 2015A
6
.000
06/01/46
1,027,855
5,000,000
Missouri Health and Educational Facilities Authority, Health
Facilities Revenue Bonds, BJC Health System, Series 2025A
4
.000
04/01/45
4,712,147
1,000,000
Missouri Health and Educational Facilities Authority, Health
Facilities Revenue Bonds, Mercy Health, Series 2023
5
.000
12/01/52
1,028,519
2,515,000
Missouri Housing Development Commission, Single Family
Mortgage Revenue Bonds, First Place Home Ownership Loan
Program Series 2024C
4
.650
11/01/49
2,520,147
2,480,000
Missouri Housing Development Commission, Single Family
Mortgage Revenue Bonds, First Place Home Ownership Loan
Program Series 2024G
4
.450
11/01/49
2,407,117
1,195,000
Missouri Housing Development Commission, Single Family
Mortgage Revenue Bonds, First Place Homeownership Loan
Program, Series 2023C
4
.950
11/01/48
1,208,625
3,315,000
Missouri Housing Development Commission, Single Family
Mortgage Revenue Bonds, First Place Homeownership Loan
Program, Series 2023E
5
.150
11/01/53
3,359,757
1,475,000
Missouri Housing Development Commission, Single Family
Mortgage Revenue Bonds, First Place Homeownership Loan
Program, Series 2024A
4
.600
11/01/49
1,469,545
405,000
Saint Louis County Industrial Development Authority, Missouri,
Revenue Bonds, Friendship Village of Sunset Hills, Series
2013A
5
.875
09/01/43
405,303
1,650,000
Saint Louis County Industrial Development Authority, Missouri,
Revenue Bonds, Saint Andrew's Resources for Seniors, Series
2015A
5
.000
12/01/35
1,650,572
455,000
Saint Louis County Industrial Development Authority, Missouri,
Revenue Bonds, Saint Andrew's Resources for Seniors, Series
2015A
5
.125
12/01/45
444,885
4,125,000
Saint Louis, Missouri, Airport Revenue Bonds, Lambert-St. Louis
International Airport, Series 2005 - NPFG Insured
5
.500
07/01/29
4,546,655
15,350,000
Springfield Public Building Corporation, Missouri, Lease
Revenue Bonds, Jordan Valley Park Projects, Series 2000A -
AMBAC Insured
0
.000
06/01/30
12,581,262
TOTAL MISSOURI
56,913,959
MONTANA - 0.8% (0.4% of Total Investments)
1,175,000
Kalispell, Montana, Housing and Healthcare Facilities Revenue
Bonds, Immanuel Lutheran Corporation, Series 2017A
5
.250
05/15/37
1,183,402
375,000
Kalispell, Montana, Housing and Healthcare Facilities Revenue
Bonds, Immanuel Lutheran Corporation, Series 2017A
5
.250
05/15/47
350,798
35,000
Lewis and Clark County High School District, Montana, General
Obligation Bonds, School Building Series 2025 - BAM Insured
4
.375
07/01/48
34,715
2,800,000
Montana Board of Housing, Single Family Mortgage Bonds,
Series 2023A
4
.550
12/01/48
2,780,340
2,235,000
Montana Board of Housing, Single Family Mortgage Bonds,
Series 2023A
4
.700
06/01/53
2,212,155
Portfolio of Investments January 31, 2026
(continued)
NVG
26
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
MONTANA
(continued)
$
1,560,000
Montana Board of Housing, Single Family Mortgage Bonds,
Series 2023B
4
.875
%
12/01/48
$
1,595,090
2,200,000
Montana Board of Housing, Single Family Mortgage Bonds,
Series 2023C
4
.600
12/01/43
2,242,714
855,000
Montana Board of Housing, Single Family Mortgage Bonds,
Series 2023C
4
.850
12/01/48
872,987
2,215,000
Montana Board of Housing, Single Family Mortgage Bonds,
Series 2024A
4
.600
12/01/49
2,209,878
1,520,000
Montana Board of Housing, Single Family Mortgage Bonds,
Series 2024B
4
.400
12/01/49
1,464,313
995,000
Montana Board of Housing, Single Family Mortgage Bonds,
Series 2024B
4
.450
12/01/53
958,997
1,750,000
Montana Board of Housing, Single Family Mortgage Bonds,
Series 2025A
4
.850
12/01/50
1,761,381
3,245,000
Montana Facility Finance Authority, Revenue Bonds, Benefis
Health System Obligated Group, Series 2025A
5
.500
02/15/55
3,404,131
TOTAL MONTANA
21,070,901
NEBRASKA - 2.0% (1.2% of Total Investments)
6,640,000
Boys Town Village, Nebraska, Revenue Bonds, Boys Town
Project Series 2026
5
.000
07/01/46
6,893,412
1,115,000
Douglas County Hospital Authority 3, Nebraska, Health
Facilities Revenue Bonds, Nebraska Methodist Health System,
Refunding Series 2015
4
.125
11/01/36
1,115,265
660,000
Douglas County Hospital Authority 3, Nebraska, Health
Facilities Revenue Bonds, Nebraska Methodist Health System,
Refunding Series 2015
5
.000
11/01/45
660,208
3,115,000
Douglas County Hospital Authority 3, Nebraska, Health
Facilities Revenue Bonds, Nebraska Methodist Health System,
Refunding Series 2015
5
.000
11/01/48
3,115,646
7,825,000
Nebraska Investment Finance Authority, Single Family Housing
Revenue Bonds, Series 2020A
2
.700
09/01/43
6,147,857
5,000,000
(e)
Nebraska Investment Finance Authority, Single Family Housing
Revenue Bonds, Series 2023A, (UB)
4
.550
09/01/48
4,982,138
5,000,000
(e)
Nebraska Investment Finance Authority, Single Family Housing
Revenue Bonds, Series 2023A, (UB)
4
.600
09/01/53
4,878,101
3,250,000
Nebraska Investment Finance Authority, Single Family Housing
Revenue Bonds, Social Series 2023C
4
.650
09/01/48
3,238,492
16,030,000
Omaha Public Power District, Nebraska, Electric System
Revenue Bonds, Series 2025B
5
.000
02/01/55
16,727,358
6,800,000
Scotts Bluff County Hospital Authority 1, Nebraska, Hospital
Revenue Bonds, Regional West Medical Center Project,
Refunding & Improvement Series 2016A
5
.250
02/01/37
6,504,350
TOTAL NEBRASKA
54,262,827
NEVADA - 1.8% (1.0% of Total Investments)
1,000,000
Clark County School District, Nevada, General Obligation
Bonds, Limited Tax Building Series 2025A
4
.000
06/15/42
999,875
410,000
(b)
Director of the State of Nevada Department of Business and
Industry, Charter School Lease Revenue Bonds, Somerset
Academy, Series 2018A
5
.000
12/15/38
410,049
690,000
Henderson, Nevada, Local Improvement Bonds, Local
Improvement District T-21 Black Mountain Ranch, Series 2022
3
.500
09/01/45
539,401
455,000
Henderson, Nevada, Local Improvement Bonds, Local
Improvement District T-21 Black Mountain Ranch, Series 2022
4
.000
09/01/51
374,154
19,305,000
Las Vegas Convention and Visitors Authority, Nevada,
Convention Center Expansion Revenue Bonds, Series 2018B
4
.000
07/01/49
17,407,104
2,150,000
Las Vegas Convention and Visitors Authority, Nevada, Revenue
Bonds, Refunding Series 2017B
4
.000
07/01/36
2,169,365
1,115,000
Las Vegas, Nevada, Local Improvement Revenue Bonds,
Special Improvement District 818 Summerlin Village 27, Series
2024
5
.000
12/01/49
1,097,766
1,200,000
Las Vegas, Nevada, Local Improvement Revenue Bonds,
Special Improvement District 818 Summerlin Village 27, Series
2024
5
.000
12/01/54
1,160,425
27
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEVADA
(continued)
$
560,000
(b)
Las Vegas, Nevada, Sales Tax Increment Revenue Bonds,
Symphony Park Tourism Improvement District, Series 2016
4
.375
%
06/15/35
$
559,993
12,580,000
Nevada System of Higher Education, Certificates of
Participation, Series 2025 - BAM Insured
4
.250
07/01/50
11,945,768
5,800,000
Nevada System of Higher Education, Certificates of
Participation, Series 2025 - BAM Insured
4
.250
07/01/55
5,476,001
500,000
Neveda State Director of the Department of Business and
Industry, Charter School Revenue Bonds, Doral Academy of
Nevada, Series 2017A
5
.000
07/15/37
500,097
2,800,000
Reno, Nevada, Subordinate Lien Sales Tax Revenue Refunding
Bonds, ReTrac-Reno Transporation Rail Access Corridor Project,
Series 2018A
4
.000
06/01/43
2,786,568
2,000,000
(b)
Reno, Nevada, Subordinate Lien Sales Tax Revenue Refunding
Capital Appreciation Bonds, ReTrac-Reno Transporation Rail
Access Corridor Project, Series 2018C
0
.000
07/01/58
311,061
3,210,000
Tahoe-Douglas Visitors Authority, Nevada, Stateline Revenue
Bonds, Series 2020
5
.000
07/01/51
3,183,072
TOTAL NEVADA
48,920,699
NEW HAMPSHIRE - 2.0% (1.2% of Total Investments)
8,950,000
National Finance Authority, New Hampshire, Hospital Facilities
Revenue Bonds, Saint Elizabeth Medical Center, Inc., Series
2021A
4
.000
05/01/51
8,063,355
11,517,727
National Finance Authority, New Hampshire, Municipal
Certificates Series 2022-1 Class A
4
.375
09/20/36
11,839,445
2,776,267
National Finance Authority, New Hampshire, Municipal
Certificates Social Series 2024-2 Class A
3
.625
08/20/39
2,712,585
2,966,489
(a)
National Finance Authority, New Hampshire, Municipal
Certificates Social Series 2024-4 Class A
4
.180
11/20/39
2,981,587
5,000,000
(b)
National Finance Authority, New Hampshire, Resource
Recovery Revenue Bonds, Covanta Project, Refunding Series
2018B
4
.625
11/01/42
4,480,753
5,630,000
(a),(b)
National Finance Authority, New Hampshire, Resource
Recovery Revenue Bonds, Covanta Project, Refunding Series
2020A, (Mandatory Put 7/02/40)
3
.625
07/01/43
4,678,414
2,775,000
(b)
National Finance Authority, New Hampshire, Special Revenue
Bonds, The Chambers Creek Project, Montgomery County,
Texas Municipal Utility Districts, Capital Appreciation Series
2025
0
.000
12/15/32
1,772,935
5,000,000
New Hampshire Health and Education Facilities Authority,
Revenue Bonds, Dartmouth-Hitchcock Obligated Group, Series
2025
5
.000
08/01/55
5,049,336
500,000
New Hampshire Health and Education Facilities Authority,
Revenue Bonds, Kendal at Hanover, Series 2016
5
.000
10/01/40
503,160
2,350,000
New Hampshire Housing Finance Authority, Single Family
Mortgage Acquisition Bonds, Social Series 2023D
5
.125
07/01/53
2,377,702
4,000,000
New Hampshire Housing Finance Authority, Single Family
Mortgage Acquisition Bonds, Social Series 2024A
4
.650
07/01/49
4,005,931
1,675,000
New Hampshire Housing Finance Authority, Single Family
Mortgage Acquisition Bonds, Social Series 2024C
4
.625
07/01/48
1,653,475
4,920,000
New Hampshire Housing Finance Authority, Single Family
Mortgage Acquisition Bonds, Social Series 2025A
4
.650
01/01/49
4,925,371
TOTAL NEW HAMPSHIRE
55,044,049
NEW JERSEY - 3.2% (1.9% of Total Investments)
34,310,000
(d)
New Jersey Economic Development Authority, School Facilities
Construction Bonds, Refunding Series 2016BBB, (Pre-refunded
12/15/26)
5
.500
06/15/29
35,298,903
2,110,000
(d)
New Jersey Economic Development Authority, School Facilities
Construction Bonds, Refunding Series 2016BBB, (Pre-refunded
12/15/26)
5
.500
06/15/30
2,170,816
5,045,000
New Jersey Economic Development Authority, School Facilities
Construction Bonds, Series 2005N-1 - NPFG Insured
5
.500
09/01/28
5,448,332
2,855,000
New Jersey Housing and Mortgage Finance Agency,
Multifamily Revenue Bonds, Social Series 2025A
4
.950
11/01/55
2,870,923
Portfolio of Investments January 31, 2026
(continued)
NVG
28
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW JERSEY
(continued)
$
2,050,000
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Capital Appreciation Series 2010A
0
.000
%
12/15/26
$
2,006,672
20,000,000
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Refunding Series 2006C - AGM Insured
0
.000
12/15/33
15,845,866
5,000,000
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Series 2019AA
5
.250
06/15/43
5,196,273
5,000,000
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Series 2024AA
5
.250
06/15/41
5,663,303
8,185,000
New Jersey Transportation Trust Fund Authority, Transportation
System Bonds, Series 2024CC
4
.125
06/15/55
7,586,947
1,420,000
Tobacco Settlement Financing Corporation, New Jersey,
Tobacco Settlement Asset-Backed Bonds, Series 2018A
5
.000
06/01/46
1,399,749
1,580,000
Tobacco Settlement Financing Corporation, New Jersey,
Tobacco Settlement Asset-Backed Bonds, Series 2018A
5
.250
06/01/46
1,576,014
2,795,000
Tobacco Settlement Financing Corporation, New Jersey,
Tobacco Settlement Asset-Backed Bonds, Series 2018B
5
.000
06/01/46
2,717,273
TOTAL NEW JERSEY
87,781,071
NEW MEXICO - 0.6% (0.3% of Total Investments)
3,345,000
New Mexico Mortgage Finance Authority, Single Family
Mortgage Program Bonds, Class 1 Series 2021C
2
.250
07/01/46
2,305,158
350,000
New Mexico Mortgage Finance Authority, Single Family
Mortgage Program Bonds, Class 1 Series 2023C
4
.650
09/01/48
345,198
3,950,000
New Mexico Mortgage Finance Authority, Single Family
Mortgage Program Bonds, Class 1 Series 2024G
4
.600
09/01/49
3,935,935
4,655,000
New Mexico Mortgage Finance Authority, Single Family
Mortgage Program Bonds, Class 1 Series 2024G
4
.650
09/01/54
4,608,538
1,600,000
(a)
New Mexico Municipal Energy Acquisition Authority, Gas
Supply Revenue Bonds, Refunding & Acquisition Series 2025,
(Mandatory Put 11/01/30)
5
.000
06/01/54
1,707,047
670,000
Santa Fe, New Mexico, Retirement Facilities Revenue Bonds, EL
Castillo Retirement Residences Project, Series 2019A
5
.000
05/15/44
664,667
1,200,000
Santa Fe, New Mexico, Retirement Facilities Revenue Bonds, EL
Castillo Retirement Residences Project, Series 2019A
5
.000
05/15/49
1,124,725
1,000,000
(b)
Winrock Town Center Tax Increment Development District
1, Albuquerque, New Mexico, Gross Receipts Tax Increment
Bonds, Senior Lien Series 2022
4
.250
05/01/40
964,507
TOTAL NEW MEXICO
15,655,775
NEW YORK - 12.2% (7.2% of Total Investments)
1,000,000
Babylon Local Development Corporation II, New York,
Education Revenue Bonds, The Academy Charter School
Project, Series 2023A
6
.400
02/01/43
1,031,622
2,270,000
Babylon Local Development Corporation II, New York,
Education Revenue Bonds, The Academy Charter School
Project, Series 2023A
6
.650
02/01/53
2,294,794
7,750,000
Battery Park City Authority, New York, Revenue Bonds, Senior
Sustainability Green Series 2025
5
.250
11/01/55
8,296,410
10,000,000
Battery Park City Authority, New York, Revenue Bonds, Senior
Sustainability Series 2023A
5
.000
11/01/48
10,486,204
13,450,000
(b)
Build NYC Resource Corporation, New York, Revenue Bonds,
Albert Einstein College of Medicine, Inc, Series 2015
5
.500
09/01/45
13,361,135
1,350,000
(b)
Build NYC Resource Corporation, New York, Revenue Bonds,
Albert Einstein College of Medicine, Inc, Series 2023
7
.250
06/01/55
1,403,261
9,320,000
(b)
Build NYC Resource Corporation, New York, Revenue Bonds,
Family Life Academy Charter School, Series 2020A-1
5
.500
06/01/55
8,173,723
7,390,000
(b)
Build NYC Resource Corporation, New York, Revenue Bonds,
Family Life Academy Charter School, Series 2020B-1
5
.000
06/01/55
5,996,664
14,215,000
(e)
Dormitory Authority of the State of New York, General Revenue
Bonds, Northwell Health Obligated Group, Series 2022A, (UB)
4
.250
05/01/52
12,929,131
7,000,000
Dormitory Authority of the State of New York, General Revenue
Bonds, Northwell Health Obligated Group, Series 2024A
4
.000
05/01/54
6,152,030
9,700,000
Dormitory Authority of the State of New York, Revenue Bonds,
Columbia University, Series 2017A
5
.000
10/01/47
10,773,307
29
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW YORK
(continued)
$
3,115,000
Dormitory Authority of the State of New York, Revenue Bonds,
Icahn School of Medicine at Mount Sinai, Refunding Series
2015A
5
.000
%
07/01/45
$
3,083,886
2,700,000
(b)
Dormitory Authority of the State of New York, Revenue Bonds,
Orange Regional Medical Center Obligated Group, Series
2015
5
.000
12/01/40
2,595,603
5,600,000
(b)
Dormitory Authority of the State of New York, Revenue Bonds,
Orange Regional Medical Center Obligated Group, Series
2015
5
.000
12/01/45
5,020,283
9,050,000
Dormitory Authority of the State of New York, State Sales Tax
Revenue Bonds, Series 2024B
4
.000
03/15/54
8,298,124
2,925,000
Dormitory Authority of the State of New York, State Sales Tax
Revenue Bonds, Series 2025A
4
.250
03/15/48
2,840,109
3,750,000
Dormitory Authority of the State of New York, State Sales Tax
Revenue Bonds, Series 2025A
5
.250
03/15/50
3,983,603
2,095,000
Genesee County Funding Corporation, New York, Revenue
Bonds, Rochester Regional Health Project, Series 2022A
5
.250
12/01/52
2,106,375
2,120,000
Hempstead Town Local Development Corporation, New York,
Education Revenue Bonds, The Academy Charter School
Project, Refunding Series 2020B
5
.570
02/01/41
2,108,982
2,695,000
Hempstead Town Local Development Corporation, New York,
Education Revenue Bonds, The Academy Charter School
Project, Series 2017A
6
.240
02/01/47
2,677,632
2,965,000
Hempstead Town Local Development Corporation, New York,
Education Revenue Bonds, The Academy Charter School
Project, Series 2018A
6
.760
02/01/48
2,988,822
400,000
Hempstead Town Local Development Corporation, New York,
Education Revenue Bonds, The Academy Charter School
Project, Series 2020A
5
.530
02/01/40
400,024
1,270,000
Hempstead Town Local Development Corporation, New York,
Education Revenue Bonds, The Academy Charter School
Project, Series 2020A
5
.730
02/01/50
1,166,882
1,210,000
Hempstead Town Local Development Corporation, New York,
Education Revenue Bonds, The Academy Charter School
Project, Series 2021A
4
.450
02/01/41
1,068,732
2,380,000
Hempstead Town Local Development Corporation, New York,
Education Revenue Bonds, The Academy Charter School
Project, Series 2021A
4
.600
02/01/51
1,847,216
2,840,000
Metropolitan Transportation Authority, New York,
Transportation Revenue Bonds, Green Climate Bond Certified
Series 2020C-1
5
.000
11/15/50
2,876,229
3,155,000
Metropolitan Transportation Authority, New York,
Transportation Revenue Bonds, Green Climate Bond Certified
Series 2020C-1
5
.250
11/15/55
3,220,963
5,000,000
Metropolitan Transportation Authority, New York,
Transportation Revenue Bonds, Green Climate Bond Certified
Series 2020D-2
4
.000
11/15/47
4,465,629
4,115,000
Metropolitan Transportation Authority, New York,
Transportation Revenue Bonds, Green Climate Bond Certified
Series 2020D-3
4
.000
11/15/49
3,586,999
3,500,000
Metropolitan Transportation Authority, New York,
Transportation Revenue Bonds, Green Refunding Series 2025A
5
.250
11/15/45
3,724,224
1,585,000
Metropolitan Transportation Authority, New York,
Transportation Revenue Bonds, Refunding Green Climate
Certified Series 2020E
4
.000
11/15/45
1,437,899
3,585,000
Monroe County Industrial Development Corporation, New
York, Revenue Bonds, Saint Anns Community Project, Series
2019
5
.000
01/01/50
3,163,902
1,000,000
Nassau County Local Economic Assistance Corporation, New
York, Revenue Bonds, Catholic Health Services of Long Island
Obligated Group Project, Series 2014
5
.000
07/01/31
1,003,538
20,000,000
New York City Housing Development Corporation, New
York,  Sustainable Impact Revenue Bonds, Williamsburg
Housing Preservation LP, Series 2020A
2
.800
02/01/50
14,043,526
Portfolio of Investments January 31, 2026
(continued)
NVG
30
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW YORK
(continued)
$
5,000,000
New York City Housing Development Corporation, New York,
House Impact Revenue Bonds, Green Series 2023A
4
.800
%
02/01/53
$
4,930,344
10,000,000
(e)
New York City Municipal Water Finance Authority, New York,
Water and Sewer System Second General Resolution Revenue
Bonds, Fiscal 2023 Series DD, (UB)
4
.125
06/15/46
9,593,632
5,000,000
New York City Municipal Water Finance Authority, New York,
Water and Sewer System Second General Resolution Revenue
Bonds, Fiscal 2025 Series BB
5
.000
06/15/48
5,237,763
11,000,000
New York City Municipal Water Finance Authority, New York,
Water and Sewer System Second General Resolution Revenue
Bonds, Fiscal 2026 Series AA-1
5
.250
06/15/55
11,620,727
2,160,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal 2018 Series C-3
4
.000
05/01/45
2,045,626
5,610,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal Series 2025D
5
.500
05/01/52
5,983,991
5,000,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal Series 2025E
5
.500
11/01/49
5,365,208
10,555,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal Series 2025I-1
5
.000
05/01/50
10,872,293
5,000,000
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Series 2024C
5
.500
05/01/53
5,298,118
4,670,000
New York City, New York, General Obligation Bonds, Fiscal
2025 Series E
5
.250
08/01/50
4,903,407
850,000
New York City, New York, General Obligation Bonds, Fiscal
2025 Series E
4
.250
08/01/55
783,720
2,500,000
New York City, New York, General Obligation Bonds, Fiscal
2025 Series G-1
5
.250
02/01/50
2,630,516
5,000
New York City, New York, General Obligation Bonds, Fiscal
Series 2005M - FGIC Insured
5
.000
04/01/26
5,011
28,615,000
(b)
New York Liberty Development Corporation, New York, Liberty
Revenue Bonds, 3 World Trade Center Project, Class 1 Series
2014
5
.000
11/15/44
28,615,761
20,965,000
New York Liberty Development Corporation, New York, Liberty
Revenue Bonds, 7 World Trade Center Project, Refunding
Green Series 2022A-CL2
3
.125
09/15/50
15,740,809
2,560,000
New York Liberty Development Corporation, New York, Liberty
Revenue Bonds, Bank of America Tower at One Bryant Park
Project, Second Priority Refunding Series 2019 Class 3
2
.800
09/15/69
2,401,853
18,745,000
New York State Dormitory Authority, Personal Income Tax
Revenue Bonds, General Purpose Series 2025C
5
.500
03/15/53
20,098,501
3,500,000
New York State Housing Finance Agency, Affordable Housing
Revenue Bonds, Climate Bond Certified/Sustainability Series
2019P
3
.050
11/01/49
2,747,083
5,100,000
New York State Housing Finance Agency, Affordable Housing
Revenue Bonds, Sustainability Green Series 2024C-1
4
.500
11/01/49
5,015,330
6,500,000
New York State Mortgage Agency, Homeowner Mortgage
Revenue Bonds, Series 211
3
.750
10/01/43
6,094,428
1,140,000
New York State Mortgage Agency, Homeowner Mortgage
Revenue Bonds, Series 252
4
.550
10/01/48
1,130,898
1,000,000
New York State Mortgage Agency, Homeowner Mortgage
Revenue Bonds, Series 252
4
.650
10/01/53
989,148
2,025,000
New York State Mortgage Agency, Homeowner Mortgage
Revenue Bonds, Series 264
4
.550
10/01/49
2,003,164
1,000,000
New York State Mortgage Agency, Homeowner Mortgage
Revenue Bonds, Series 264
4
.600
10/01/54
982,164
1,745,000
New York State Mortgage Agency, Homeowner Mortgage
Revenue Bonds, Social Series 266
4
.700
10/01/52
1,747,689
1,540,000
New York State Thruway Authority, General Revenue Junior
Indebtedness Obligations, Refunding Series 2026A
5
.250
01/01/56
1,624,771
5,000,000
Triborough Bridge and Tunnel Authority, New York, General
Revenue Bonds, MTA Bridges & Tunnels, Series 2024A-1
5
.250
11/15/51
5,289,361
5,000,000
Triborough Bridge and Tunnel Authority, New York, General
Revenue Bonds, MTA Bridges & Tunnels, Series 2024A-1
4
.000
11/15/54
4,484,182
31
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NEW YORK
(continued)
$
7,110,000
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series
2006
5
.000
%
06/01/48
$
6,427,009
TOTAL NEW YORK
333,269,970
NORTH CAROLINA - 0.5% (0.3% of Total Investments)
3,585,000
North Carolina Housing Finance Agency, Home Ownership
Revenue Bonds, 1998 Trust Agreement Series 54-A
4
.700
07/01/50
3,576,872
1,050,000
North Carolina Housing Finance Agency, Home Ownership
Revenue Bonds, 1998 Trust Agreement Series 54-A
4
.800
01/01/55
1,042,983
2,065,000
North Carolina Housing Finance Agency, Home Ownership
Revenue Bonds, 1998 Trust Agreement Social Series 53-A
4
.375
07/01/44
2,072,531
4,005,000
North Carolina Housing Finance Agency, Home Ownership
Revenue Bonds, 1998 Trust Agreement Social Series 53-A
4
.550
01/01/50
3,904,497
1,765,000
North Carolina Housing Finance Agency, Home Ownership
Revenue Bonds, Series 52-A
4
.900
07/01/43
1,828,355
2,150,000
North Carolina Medical Care Commission, Retirement Facilities
First Mortgage Revenue Bonds, Aldersgate United Retirement
Community Inc., Refunding Series 2017A
5
.000
07/01/47
1,833,552
TOTAL NORTH CAROLINA
14,258,790
NORTH DAKOTA - 2.8% (1.6% of Total Investments)
9,950,000
Cass County, North Dakota, Health Care Facilities Revenue
Bonds, Essential Health Obligated Group, Series 2018B
4
.250
02/15/48
9,039,745
4,525,000
Grand Forks, North Dakota, Health Care System Revenue
Bonds, Altru Health System Obligated Group, Series 2017A
5
.000
12/01/42
4,550,700
1,000,000
Grand Forks, North Dakota, Health Care System Revenue
Bonds, Altru Health System Obligated Group, Series 2021 -
AGM Insured
3
.000
12/01/46
757,158
5,000,000
Grand Forks, North Dakota, Health Care System Revenue
Bonds, Altru Health System Obligated Group, Series 2021 -
AGM Insured
3
.000
12/01/51
3,519,545
1,000,000
Grand Forks, North Dakota, Senior Housing & Nursing Facilities
Revenue Bonds, Valley Homes and Services Obligated Group,
Series 2017
5
.000
12/01/36
1,001,483
2,000,000
Horace, Cass County, North Dakota, General Obligation Bonds,
Refunding Improvement Series 2023A,
5
.000
05/01/48
1,993,135
715,000
Horace, Cass County, North Dakota, General Obligation Bonds,
Refunding Improvement Series 2024C
4
.750
05/01/44
717,557
3,000,000
Horace, Cass County, North Dakota, General Obligation Bonds,
Refunding Improvement Series 2024C
5
.000
05/01/50
2,977,116
3,820,000
North Dakota Housing Finance Agency, Home Mortgage
Finance Program Bonds, Series 2020B
2
.500
07/01/44
2,879,741
980,000
North Dakota Housing Finance Agency, Home Mortgage
Finance Program Bonds, Social Series 2022F
4
.250
01/01/47
934,089
1,000,000
North Dakota Housing Finance Agency, Home Mortgage
Finance Program Bonds, Social Series 2023A
4
.700
07/01/47
993,551
1,500,000
North Dakota Housing Finance Agency, Home Mortgage
Finance Program Bonds, Social Series 2023D
4
.500
07/01/43
1,523,844
555,000
North Dakota Housing Finance Agency, Home Mortgage
Finance Program Bonds, Social Series 2023D
4
.550
07/01/48
546,678
2,750,000
North Dakota Housing Finance Agency, Home Mortgage
Finance Program Bonds, Social Series 2023F
5
.100
07/01/48
2,800,104
1,325,000
North Dakota Housing Finance Agency, Home Mortgage
Finance Program Bonds, Social Series 2024A
4
.750
01/01/52
1,328,188
5,000,000
North Dakota Housing Finance Agency, Home Mortgage
Program Revenue Bonds, Social Series 2025C
4
.700
07/01/45
5,032,644
8,300,000
Ward County Health Care, North Dakota, Revenue Bonds,
Trinity Obligated Group, Series 2017C
5
.000
06/01/38
8,142,853
2,200,000
Ward County Health Care, North Dakota, Revenue Bonds,
Trinity Obligated Group, Series 2017C
5
.000
06/01/43
2,058,690
1,000,000
Ward County Health Care, North Dakota, Revenue Bonds,
Trinity Obligated Group, Series 2017C
5
.000
06/01/48
890,693
28,050,000
Ward County Health Care, North Dakota, Revenue Bonds,
Trinity Obligated Group, Series 2017C
5
.000
06/01/53
24,056,202
Portfolio of Investments January 31, 2026
(continued)
NVG
32
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
NORTH DAKOTA
(continued)
$
1,669,890
(c)
Williston, North Dakota, Multifamily Housing Revenue Bonds,
Eagle Crest Apartments LLC Project, Series 2013
7
.750
%
09/01/38
$
63,623
TOTAL NORTH DAKOTA
75,807,339
OHIO - 7.8% (4.6% of Total Investments)
1,000,000
(d)
Akron, Bath and Copley Joint Township Hospital District, Ohio,
Hospital Facilities Revenue Bonds, Summa Health Obligated
Group, Refunding Series 2020, (Pre-refunded 11/15/30)
3
.000
11/15/40
1,026,015
40,220,000
Buckeye Tobacco Settlement Financing Authority, Ohio,
Tobacco Settlement Asset-Backed Revenue Bonds, Refunding
Senior Lien Capital Appreciation Series 2020B-3 Class 2
0
.000
06/01/57
3,062,930
55,115,000
Buckeye Tobacco Settlement Financing Authority, Ohio,
Tobacco Settlement Asset-Backed Revenue Bonds, Refunding
Senior Lien Series 2020A-2 Class 1
3
.000
06/01/48
38,979,704
9,650,000
Buckeye Tobacco Settlement Financing Authority, Ohio,
Tobacco Settlement Asset-Backed Revenue Bonds, Refunding
Senior Lien Series 2020A-2 Class 1
4
.000
06/01/48
8,324,657
25,200,000
Buckeye Tobacco Settlement Financing Authority, Ohio,
Tobacco Settlement Asset-Backed Revenue Bonds, Refunding
Senior Lien Series 2020B-2 Class 2
5
.000
06/01/55
20,760,687
2,750,000
Centerville, Ohio Health Care Improvement Revenue Bonds,
Graceworks Lutheran Services, Refunding & Improvement
Series 2017
5
.250
11/01/37
2,785,944
3,200,000
Centerville, Ohio Health Care Improvement Revenue Bonds,
Graceworks Lutheran Services, Refunding & Improvement
Series 2017
5
.250
11/01/47
3,058,741
4,000,000
County of Lucas, Ohio, Hospital Revenue Bonds, ProMedica
Healthcare Obligated Group, Series 2018A
5
.250
11/15/48
3,913,736
1,165,000
Darke County, Ohio, Hospital Facilities Revenue Bonds, Wayne
Healthcare Project, Series 2019A
4
.000
09/01/40
1,057,736
1,750,000
Darke County, Ohio, Hospital Facilities Revenue Bonds, Wayne
Healthcare Project, Series 2019A
4
.000
09/01/45
1,441,071
2,000,000
Darke County, Ohio, Hospital Facilities Revenue Bonds, Wayne
Healthcare Project, Series 2019A
5
.000
09/01/49
1,868,070
2,850,000
Ehove Joint Vocational School District, Erie County, Ohio,
General Obligation Bonds, School Improvement Series 2026
5
.250
12/01/55
2,923,970
4,590,000
Franklin County Convention Facilities Authority, Ohio, Hotel
Project Revenue Bonds, Greater Columbus Convention Center
Hotel Expansion Project, Series 2019
5
.000
12/01/51
4,410,076
4,065,000
Franklin County, Ohio, Revenue Bonds, Trinity Health Credit
Group, Series 2017A
3
.250
12/01/42
3,693,120
1,330,000
Kings Local School District, Warren County, Ohio, General
Obligation Bonds, School Improvement Series 2025
5
.500
12/01/50
1,409,014
4,380,000
Middletown City School District, Butler County, Ohio, General
Obligation Bonds, Refunding Series 2007 - AGM Insured
5
.250
12/01/27
4,588,862
6,000,000
Middletown City School District, Butler County, Ohio, General
Obligation Bonds, Refunding Series 2007 - AGM Insured
5
.250
12/01/31
6,692,142
12,000,000
Muskingum County, Ohio, Hospital Facilities Revenue Bonds,
Genesis HealthCare System Obligated Group Project, Series
2013
5
.000
02/15/48
11,437,235
25,880,000
Ohio Air Quality Development Authority, Ohio, Pollution
Control Revenue Bonds, FirstEnergy Nuclear Generation
Project, Refunding Series 2009A, (Mandatory Put 6/01/22)
4
.750
06/01/33
27,429,674
490,000
Ohio Higher Educational Facility Commission, Senior Hospital
Parking Revenue Bonds, University Circle Incorporated 2020
Project, Series 2020
5
.000
01/15/50
493,209
4,025,000
Ohio Housing Finance Agency, Residential Mortgage Revenue
Bonds, Mortgage-Backed Securities Program, Social Series
2024A
4
.650
09/01/54
3,962,539
1,270,000
Ohio State, Turnpike Revenue Bonds, Ohio Turnpike and
Infrastructutre Commission Infrastructure Projects, Junior Lien,
Capital Appreciation Series 2013A-3
5
.800
02/15/36
1,448,427
20,505,000
Ohio Water Development Authority, Pollution Control Revenue
Refunding Bonds, FirstEnergy Nuclear Generating Corporation
Project, Series 2009A
4
.750
06/01/33
21,732,823
33
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
OHIO
(continued)
$
20,480,000
Ohio Water Development Authority, Pollution Control Revenue
Refunding Bonds, FirstEnergy Nuclear Generating Corporation
Project, Series 2010B, (Mandatory Put 6/01/22)
4
.750
%
06/01/33
$
21,706,326
2,895,000
Port of Greater Cincinnati Development Authority, Ohio,
Special Obligation Tax Increment Financing Revenue Bonds,
Cooperative Township Public Parking Project, Gallery at
Kenwood, Senior Lien Series 2019A
5
.000
11/01/51
2,858,790
1,330,000
Tuscarawas County Economic Development and Finance
Alliance, Ohio, Higher Education Facilities Revenue Bonds,
Ashland University, Refunding & Improvement Series 2015
6
.000
03/01/45
1,308,854
9,495,000
Washington County, Ohio, Hospital Facilities Revenue Bonds,
Memorial Health System Obligated Group, Series 2022
6
.750
12/01/52
9,763,407
TOTAL OHIO
212,137,759
OKLAHOMA - 1.7% (1.0% of Total Investments)
2,605,000
Oklahoma Capitol Improvement Authority, State Highway
Capital Improvement Revenue Bonds, Oklahoma Department
of Transportation Project, Series 2025A
5
.250
07/01/50
2,791,425
3,965,000
Oklahoma Development Finance Authority, Health System
Revenue Bonds, OU Medicine Project, Series 2018B
5
.500
08/15/52
3,965,514
20,510,000
Oklahoma Development Finance Authority, Health System
Revenue Bonds, OU Medicine Project, Series 2018B
5
.500
08/15/57
20,405,526
1,150,000
Oklahoma Development Finance Authority, Health System
Revenue Bonds, OU Medicine Project, Taxable Series 2022
5
.500
08/15/41
1,191,340
1,390,000
Oklahoma Development Finance Authority, Health System
Revenue Bonds, OU Medicine Project, Taxable Series 2022
5
.500
08/15/44
1,405,221
13,630,000
Oklahoma State Turnpike Authority, Turnpike System Revenue
Bonds, Second Senior Series 2025A
5
.500
01/01/54
14,742,234
2,340,000
Tulsa County Industrial Authority, Oklahoma, Senior Living
Community Revenue Bonds, Montereau, Inc Project, Refunding
Series 2017
5
.250
11/15/45
2,343,291
TOTAL OKLAHOMA
46,844,551
OREGON - 0.4% (0.2% of Total Investments)
500,000
Clackamas County Hospital Facility Authority, Oregon, Revenue
Bonds, Rose Villa Inc., Series 2020A
5
.125
11/15/40
505,923
220,000
Clackamas County Hospital Facility Authority, Oregon, Revenue
Bonds, Rose Villa Inc., Series 2020A
5
.250
11/15/50
217,828
315,000
Clackamas County Hospital Facility Authority, Oregon, Revenue
Bonds, Rose Villa Inc., Series 2020A
5
.375
11/15/55
312,796
3,000,000
Oregon Housing and Community Services Department, Single
Family Mortgage Program Revenue Bonds, Series 2025A
5
.000
07/01/45
3,071,052
6,225,000
University of Oregon, General Revenue Bonds, Series 2020A
5
.000
04/01/50
6,407,874
TOTAL OREGON
10,515,473
PENNSYLVANIA - 4.2% (2.5% of Total Investments)
13,460,000
Allegheny County Hospital Development Authority,
Pennsylvania, Revenue Bonds, Allegheny Health Network
Obligated Group Issue, Series 2018A
4
.000
04/01/44
12,404,755
2,230,000
Allegheny County Hospital Development Authority,
Pennsylvania, Revenue Bonds, Allegheny Health Network
Obligated Group Issue, Series 2018A
4
.000
04/01/44
2,105,367
2,540,000
(b)
Allentown Neighborhood Improvement Zone Development
Authority, Pennsylvania, Tax Revenue Bonds, City Center
Refunding Project, Series 2017
5
.000
05/01/42
2,555,510
13,235,000
(a)
Beaver County Industrial Development Authority, Pennsylvania,
Pollution Control Revenue Bonds, FirstEnergy Generation
Project, Refunding Series 2006A, (Mandatory Put 7/01/33)
4
.750
01/01/35
14,128,190
9,365,000
Beaver County Industrial Development Authority, Pennsylvania,
Pollution Control Revenue Refunding Bonds, FirstEnergy
Generation Project, Series 2008B
3
.750
10/01/47
7,827,739
991,000
Berks County Municipal Authority, Pennsylvania, Revenue
Bonds, Tower Health Project, Series 2024A-2
6
.000
06/30/34
1,067,545
13,279,000
Berks County Municipal Authority, Pennsylvania, Revenue
Bonds, Tower Health Project, Series 2024A-3
5
.000
06/30/39
12,250,903
Portfolio of Investments January 31, 2026
(continued)
NVG
34
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
PENNSYLVANIA
(continued)
$
6,639,000
(f)
Berks County Municipal Authority, Pennsylvania, Revenue
Bonds, Tower Health Project, Series 2024B-1
0
.000
%
06/30/44
$
4,756,837
2,078,000
Berks County Municipal Authority, Pennsylvania, Revenue
Bonds, Tower Health Project, Taxable Series 2024A-1
8
.000
06/30/34
2,117,822
2,410,000
Bucks County Industrial Development Authority, Pennsylvania,
Revenue Bonds, School Lane Charter School Project, Series
2016
5
.125
03/15/36
2,433,496
6,420,000
Bucks County Industrial Development Authority, Pennsylvania,
Revenue Bonds, School Lane Charter School Project, Series
2016
5
.125
03/15/46
6,175,829
1,000,000
Butler County Hospital Authority, Pennsylvania, Hospital
Revenue Bonds, Butler Health System Project, Series 2015A
5
.000
07/01/39
1,000,041
8,185,000
Commonwealth Financing Authority, Pennsylvania, State
Appropriation Lease Bonds, Master Settlement, Series 2018 -
AGM Insured
4
.000
06/01/39
8,186,120
295,000
Cumberland County Municipal Authority, Pennsylvania,
Revenue Bonds, Diakon Lutheran Social Ministries Project,
Series 2015
5
.000
01/01/29
295,403
1,500,000
Lancaster County Hospital Authority, Pennsylvania, Revenue
Bonds, Landis Homes Retirement Community Project,
Refunding Series 2015A
5
.000
07/01/45
1,477,179
1,750,000
McCandless IDA, Pennsylvania, University Revenue Bonds
Series A and B of 2022 La Roche University
6
.750
12/01/46
1,601,739
250,000
Pennsylvania Higher Educational Facilities Authority, Revenue
Bonds, Thomas Jefferson University, Series 2024B-1
4
.250
11/01/51
231,891
3,500,000
Pennsylvania Housing Finance Agency, Single Family Mortgage
Revenue Bonds, Series 2019-131A
3
.100
10/01/44
2,944,298
3,415,000
Pennsylvania Housing Finance Agency, Single Family Mortgage
Revenue Bonds, Social Series 2021-135A
2
.500
10/01/50
2,296,792
4,490,000
Pennsylvania Housing Finance Agency, Single Family Mortgage
Revenue Bonds, Social Series 2024-145A
4
.600
10/01/44
4,532,264
13,550,000
Pennsylvania Turnpike Commission, Oil Franchise Tax Revenue
Bonds, Senior Series 2018A
5
.250
12/01/44
14,065,231
11,000,000
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds,
Subordinate Series 2009C - AGM Insured
6
.250
06/01/33
11,132,729
TOTAL PENNSYLVANIA
115,587,680
PUERTO RICO - 6.6% (3.9% of Total Investments)
4,768,018
Cofina Class 2 Trust Tax-Exempt Class 2047, Puerto Rico. Unit
Exchanged From Cusip 74529JAN5
0
.000
08/01/47
1,522,798
9,433,014
Cofina Class 2 Trust Tax-Exempt Class 2054, Puerto Rico. Unit
Exchanged From Cusip 74529JAP0
0
.000
08/01/54
1,971,862
8,000,000
(b)
Puerto Rico Aqueduct and Sewerage Authority, Revenue
Bonds, Refunding Senior Lien Series 2020A
5
.000
07/01/35
8,320,569
14,625,000
(b)
Puerto Rico Aqueduct and Sewerage Authority, Revenue
Bonds, Refunding Senior Lien Series 2020A
5
.000
07/01/47
14,517,211
10,090,000
(b)
Puerto Rico Aqueduct and Sewerage Authority, Revenue
Bonds, Refunding Senior Lien Series 2021B
5
.000
07/01/33
10,605,433
5,000,000
(b)
Puerto Rico Aqueduct and Sewerage Authority, Revenue
Bonds, Refunding Senior Lien Series 2021B
5
.000
07/01/37
5,184,409
7,510,000
(b)
Puerto Rico Aqueduct and Sewerage Authority, Revenue
Bonds, Refunding Senior Lien Series 2021B
4
.000
07/01/42
7,147,774
8,070,000
(b)
Puerto Rico Aqueduct and Sewerage Authority, Revenue
Bonds, Refunding Senior Lien Series 2021B
4
.000
07/01/47
7,155,941
2,000,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
0
.000
07/01/29
1,790,353
70,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
0
.000
07/01/33
53,643
837,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
4
.500
07/01/34
837,132
4,745,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
4
.550
07/01/40
4,753,014
59,280,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
0
.000
07/01/46
20,644,260
35
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
PUERTO RICO
(continued)
$
2,823,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
0
.000
%
07/01/51
$
718,740
10,024,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
4
.750
07/01/53
9,684,122
7,880,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured 2018A-1
5
.000
07/01/58
7,725,751
723,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Restructured Cofina Project Series 2019B-2
4
.536
07/01/53
667,355
11,313,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Taxable Restructured Cofina Project Series
2019A-2
4
.329
07/01/40
11,258,827
2,361,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Taxable Restructured Cofina Project Series
2019A-2
4
.329
07/01/40
2,349,694
7,433,000
Puerto Rico Sales Tax Financing Corporation, Sales Tax
Revenue Bonds, Taxable Restructured Cofina Project Series
2019A-2
4
.784
07/01/58
7,102,770
5,761,000
Puerto Rico, General Obligation Bonds, Restructured Series
2022A-1
5
.625
07/01/29
6,122,887
3,919,000
Puerto Rico, General Obligation Bonds, Restructured Series
2022A-1
5
.750
07/01/31
4,328,664
20,676,000
Puerto Rico, General Obligation Bonds, Restructured Series
2022A-1
0
.000
07/01/33
15,156,753
7,702,336
Puerto Rico, General Obligation Bonds, Restructured Series
2022A-1
4
.000
07/01/33
7,789,812
7,377,000
Puerto Rico, General Obligation Bonds, Restructured Series
2022A-1
4
.000
07/01/35
7,413,614
10,393,000
Puerto Rico, General Obligation Bonds, Restructured Series
2022A-1
4
.000
07/01/37
10,224,391
5,645,000
Puerto Rico, General Obligation Bonds, Restructured Series
2022A-1
4
.000
07/01/41
5,306,045
1,030,000
Puerto Rico, General Obligation Bonds, Restructured Series
2022A-1
4
.000
07/01/46
918,499
TOTAL PUERTO RICO
181,272,323
RHODE ISLAND - 2.1% (1.2% of Total Investments)
3,430,000
Rhode Island Housing & Mortgage Finance Corporation,
Homeownership Opportunity Bond Program, 2019 Series 71
3
.100
10/01/44
2,885,412
11,005,000
Rhode Island Housing & Mortgage Finance Corporation,
Homeownership Opportunity Bond Program, 2022 Series 76A
2
.550
10/01/42
8,846,629
295,135,000
Rhode Island Tobacco Settlement Financing Corporation,
Tobacco Settlement Asset-Backed Bonds, Series 2007A
0
.000
06/01/52
43,006,541
1,595,000
Rhode Island Tobacco Settlement Financing Corporation,
Tobacco Settlement Asset-Backed Bonds, Series 2015B
4
.500
06/01/45
1,582,701
TOTAL RHODE ISLAND
56,321,283
SOUTH CAROLINA - 3.0% (1.8% of Total Investments)
4,955,000
Florence, South Carolina, Combined Waterworks and
Sewerage System Revenue Bonds, Capital Improvement Series
2025
4
.000
09/01/55
4,549,064
5,335,000
Medical University Hospital Authority, South Carolina, FHA-
Insured Mortgage Revenue Bonds, Indian Land Project, Series
2025
5
.250
11/15/54
5,490,404
7,600,000
Piedmont Municipal Power Agency, South Carolina, Electric
Revenue Bonds, Series 2004A-2 - AMBAC Insured
0
.000
01/01/31
6,569,439
7,405,000
South Carolina Association of Governmental Organizations,
Certificates of Participation, Series 2025B
5
.000
03/02/26
7,420,727
1,175,000
South Carolina Housing Finance and Development Authority,
Mortgage Revenue Bonds, Series 2022B
4
.350
07/01/47
1,158,492
965,000
South Carolina Housing Finance and Development Authority,
Mortgage Revenue Bonds, Series 2023A
4
.900
07/01/48
969,355
930,000
South Carolina Housing Finance and Development Authority,
Mortgage Revenue Bonds, Series 2024A
4
.625
07/01/49
930,333
2,620,000
South Carolina Housing Finance and Development Authority,
Mortgage Revenue Bonds, Series 2024B
4
.600
07/01/49
2,605,680
Portfolio of Investments January 31, 2026
(continued)
NVG
36
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SOUTH CAROLINA
(continued)
$
1,870,000
South Carolina Housing Finance and Development Authority,
Mortgage Revenue Bonds, Series 2024B
4
.625
%
07/01/54
$
1,837,155
6,455,000
South Carolina Housing Finance and Development Authority,
Mortgage Revenue Bonds, Series 2025A
4
.650
07/01/50
6,412,378
7,920,000
South Carolina Housing Finance and Development Authority,
Mortgage Revenue Bonds, Series 2025B
4
.875
07/01/45
8,058,065
890,000
South Carolina Jobs-Economic Development Authority,
Economic Development Revenue Bonds, Bishop Gadsden
Episcopal Retirement Community, Series 2019A
5
.000
04/01/49
870,060
1,165,000
South Carolina Jobs-Economic Development Authority,
Economic Development Revenue Bonds, Bishop Gadsden
Episcopal Retirement Community, Series 2019A
4
.000
04/01/54
943,888
1,630,000
South Carolina Jobs-Economic Development Authority,
Economic Development Revenue Bonds, Bishop Gadsden
Episcopal Retirement Community, Series 2019A
5
.000
04/01/54
1,569,061
375,000
(b)
South Carolina Jobs-Economic Development Authority,
Economic Development Revenue Bonds, Hilton Head Christian
Academy, Series 2020
5
.000
01/01/40
360,472
1,000,000
(b)
South Carolina Jobs-Economic Development Authority,
Economic Development Revenue Bonds, Hilton Head Christian
Academy, Series 2020
5
.000
01/01/55
835,673
1,000,000
South Carolina Jobs-Economic Development Authority, Health
Facilities Revenue Bonds, Lutheran Homes of South Carolina
Inc., Refunding Series 2017B
5
.000
05/01/37
973,925
750,000
South Carolina Jobs-Economic Development Authority, Health
Facilities Revenue Bonds, Lutheran Homes of South Carolina
Inc., Refunding Series 2017B
5
.000
05/01/42
689,911
11,965,000
South Carolina Public Service Authority, Santee Cooper
Revenue Obligations, Refunding & Improvement Series 2015A
5
.000
12/01/50
11,965,694
7,565,000
South Carolina Public Service Authority, Santee Cooper
Revenue Obligations, Refunding & Improvement Series 2020A
- BAM Insured
3
.000
12/01/41
6,441,514
2,620,000
South Carolina Public Service Authority, Santee Cooper
Revenue Obligations, Refunding Series 2022A
4
.000
12/01/52
2,333,276
9,545,000
South Carolina Public Service Authority, Santee Cooper
Revenue Obligations, Series 2015E
5
.250
12/01/55
9,547,379
TOTAL SOUTH CAROLINA
82,531,945
SOUTH DAKOTA - 1.2% (0.7% of Total Investments)
3,765,000
South Dakota Health and Educational Facilities Authority,
Revenue Bonds, Regional Health, Refunding Series 2017
5
.000
09/01/40
3,827,417
7,500,000
(h)
South Dakota Health and Educational Facilities Authority,
Revenue Bonds, Vocational Education Program, Refunding
Series 2026
5
.250
09/01/51
7,816,118
6,000,000
South Dakota Housing Development Authority,
Homeownership Mortgage Revenue Bonds, Series 2022B
2
.500
11/01/42
4,774,790
5,000,000
South Dakota Housing Development Authority,
Homeownership Mortgage Revenue Bonds, Series 2024C
4
.700
11/01/49
5,014,012
6,250,000
(e)
South Dakota Housing Development Authority,
Homeownership Mortgage Revenue Bonds, Social Series
2023A, (UB)
4
.350
11/01/43
6,301,735
4,000,000
(e)
South Dakota Housing Development Authority,
Homeownership Mortgage Revenue Bonds, Social Series
2023A, (UB)
4
.550
05/01/48
3,983,350
TOTAL SOUTH DAKOTA
31,717,422
37
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TENNESSEE - 1.5% (0.9% of Total Investments)
$
1,490,000
Knox County Health, Educational and Housing Facility Board,
Tennessee, Hospital Revenue Bonds, East Tennessee Children's
Hospital, Series 2019
4
.000
%
11/15/48
$
1,293,949
2,645,000
(c)
Memphis/Shelby County Economic Development Growth
Engine Industrial Development Board, Tennessee, Tax
Increment Revenue Bonds, Graceland Project, Senior Series
2017A
5
.500
07/01/37
2,010,703
10,605,000
(h)
Metropolitan Nashville Airport Authority, Tennessee, Airport
Improvement Revenue Bonds, Series 2026A
5
.000
07/01/51
11,034,956
1,430,000
(a)
Rutherford County Health and Educational Facilities Board,
Tennessee, Revenue Bonds, Ascension Health Group, Series
2025B-1, (Mandatory Put 11/15/30)
5
.000
11/15/48
1,570,581
4,100,000
(a)
Tennergy Corporation, Tennessee, Gas Revenue Bonds, Series
2022A, (Mandatory Put 12/01/30)
5
.500
10/01/53
4,388,275
2,760,000
Tennessee Energy Acquisition Corporation, Gas Revenue
Bonds, Series 2026A
5
.000
11/01/34
3,002,307
830,000
Tennessee Housing Development Agency, Residential Finance
Program Bonds, Series 2020-3A
2
.550
01/01/45
624,898
10,000,000
(e)
Tennessee Housing Development Agency, Residential Finance
Program Bonds, Social Series 2023-3A, (UB)
5
.350
07/01/48
10,391,467
1,000,000
Tennessee Housing Development Agency, Residential Finance
Program Bonds, Social Series 2024-2A
4
.600
07/01/49
996,544
1,200,000
Tennessee Housing Development Agency, Residential Finance
Program Bonds, Social Series 2024-2A
4
.650
07/01/54
1,188,058
550,000
Tennessee Housing Development Agency, Residential Finance
Program Bonds, Social Series 2025-1A
5
.000
07/01/50
555,075
1,500,000
(e)
Tennessee Housing Development Agency, Residential Finance
Program Bonds, Tender Option Bond Trust Series 2023-
XL0448, (UB)
4
.550
07/01/48
1,483,681
2,000,000
The Tennessee Energy Acquisition Corporation, Gas Revenue
Bonds, Series 2006B
5
.625
09/01/26
2,025,762
TOTAL TENNESSEE
40,566,256
TEXAS - 15.7% (9.2% of Total Investments)
2,340,000
Aldine Independent School District, Harris County, Texas,
General Obligation Bonds, Refunding Series 2024A
3
.000
02/15/42
2,063,120
2,500,000
Board of Managers, Joint Guadalupe County-Seguin City
Hospital, Texas, Hospital Mortgage Revenue Bonds, Refunding
& Improvement Series 2015
5
.000
12/01/45
2,349,695
16,280,000
(e)
Board of Regents of the University of Texas System, Revenue
Financing System Bonds, Series 2019B, (UB)
5
.000
08/15/49
17,975,731
7,500,000
Board of Regents of the University of Texas System, Revenue
Financing System Bonds, Series 2020A
3
.500
08/15/50
6,216,548
3,335,000
Central Texas Regional Mobility Authority, Revenue Bonds,
Senior Lien Series 2020E
5
.000
01/01/45
3,433,748
5,390,000
Central Texas Regional Mobility Authority, Revenue Bonds,
Senior Lien Series 2021B
5
.000
01/01/46
5,553,465
6,375,000
Central Texas Regional Mobility Authority, Revenue Bonds,
Senior Lien, Series 2016
3
.375
01/01/41
5,690,760
765,000
Clifton Higher Education Finance Corporation, Texas,
Education Revenue Bonds, Uplift Education Charter School,
Series 2013A
4
.350
12/01/42
739,328
685,000
Clifton Higher Education Finance Corporation, Texas,
Education Revenue Bonds, Uplift Education Charter School,
Series 2013A
4
.400
12/01/47
617,610
235,000
Club Municipal Management District 1, Texas, Special
Assessment Revenue Bonds, Improvement Area 1 Project,
Series 2016
5
.750
09/01/28
238,132
675,000
Club Municipal Management District 1, Texas, Special
Assessment Revenue Bonds, Improvement Area 1 Project,
Series 2016
6
.500
09/01/46
679,750
14,610,000
Conroe Independent School District, Montgomery County,
Texas, General Obligation Bonds, School Building Series 2025
4
.000
02/15/50
13,608,848
Portfolio of Investments January 31, 2026
(continued)
NVG
38
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TEXAS
(continued)
$
5,000,000
Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds,
Refunding & Improvement Senior Lien Series 2021B
5
.000
%
12/01/47
$
5,193,176
11,825,000
(h)
Dallas Independent School District, Dallas County, Texas,
General Obligation Bonds, School Building Series 2026A
4
.375
02/15/56
11,312,559
9,000,000
(h)
Dallas Independent School District, Dallas County, Texas,
General Obligation Bonds, School Building Series 2026A
5
.000
02/15/56
9,300,121
3,805,000
Denton Independent School District, Denton County, Texas,
General Obligation Bonds, School Building Series 2023
5
.000
08/15/48
3,952,499
12,000,000
(e)
Denton Independent School District, Denton County, Texas,
General Obligation Bonds, School Building Series 2023, (UB)
5
.000
08/15/53
12,372,719
15,000,000
(e)
Dripping Springs Independent School District, Hays County,
Texas, General Obligation Bonds, School Building Series 2025,
(UB)
5
.250
02/15/55
15,891,735
5,000,000
East Central Independent School District, Bexar County, Texas,
General Obligation Bonds, School Building Series 2024
4
.000
08/15/54
4,556,138
5,325,000
Ector County, Texas, Certificates of Obligation, Series 2024
4
.000
02/15/47
5,048,369
1,260,000
Fort Bend County Industrial Development Corporation, Texas,
Revenue Bonds, NRG Energy Inc. Project, Series 2012A. RMKT
4
.750
05/01/38
1,260,548
5,010,000
Fort Bend County Industrial Development Corporation, Texas,
Revenue Bonds, NRG Energy Inc. Project, Series 2012B
4
.750
11/01/42
5,010,936
5,000,000
Garland Independent School District, Dallas County, Texas,
General Obligation Bonds, School Building Series 2023A
5
.000
02/15/48
5,193,107
3,910,000
Grayson County Junior College District, Texas, General
Obligation Bonds, Series 2024
4
.000
02/15/49
3,588,405
1,000,000
Greater Texoma Utility Authority, Texas, Contract Revenue
Bonds, City of Sherman Project Series 2023A - BAM Insured
4
.375
10/01/53
953,006
1,745,000
Greater Texoma Utility Authority, Texas, Contract Revenue
Bonds, City of Sherman Project Series 2024 - BAM Insured
4
.250
10/01/54
1,626,957
4,745,000
Greenville, Texas, General Obligation Bonds, Series 2024 -
AGM Insured
4
.125
02/15/51
4,411,566
3,105,000
Harris County Cultural Education Facilities Finance
Corporation, Texas, Revenue Bonds, Houston Methodist
Hospital System, Series 2015
5
.000
12/01/45
3,105,620
1,000,000
Harris County Flood Control District, Texas, General Obligation
Bonds, Refunding Improvement, Green Series 2023A
4
.000
09/15/48
927,033
1,000,000
Harris County, Texas, General Obligation Bonds, Permanent
Improvement Series 2024
4
.000
09/15/49
937,883
4,080,000
(b),(g)
Harris County, Texas, General Obligtion Toll Road Revenue
Bonds, Tender Option Bond Trust 2015-XF0074. - AGM
Insured, (IF)
9
.706
08/15/32
6,213,909
6,000,000
Harris County-Houston Sports Authority, Texas, Revenue Bonds,
Capital Appreciation Refunding Senior Lien Series 2014A
0
.000
11/15/48
1,902,326
5,750,000
Hays County, Texas, Certificates of Obligation, Combination Tax
& Limited Pledge Revenue Series 2025
5
.000
02/15/47
6,052,667
2,295,000
Hidalgo County Regional Mobility Authority, Texas, Toll and
Vehicle Registration Fee Revenue Bonds, Senior Lien Series
2022A
0
.000
12/01/42
1,041,640
3,000,000
Hidalgo County Regional Mobility Authority, Texas, Toll and
Vehicle Registration Fee Revenue Bonds, Senior Lien Series
2022A
0
.000
12/01/43
1,260,538
3,000,000
Hidalgo County Regional Mobility Authority, Texas, Toll and
Vehicle Registration Fee Revenue Bonds, Senior Lien Series
2022A
0
.000
12/01/44
1,170,929
4,000,000
Hidalgo County Regional Mobility Authority, Texas, Toll and
Vehicle Registration Fee Revenue Bonds, Senior Lien Series
2022A
0
.000
12/01/45
1,436,571
7,165,000
Hidalgo County Regional Mobility Authority, Texas, Toll and
Vehicle Registration Fee Revenue Bonds, Senior Lien Series
2022A
0
.000
12/01/46
2,391,466
7,580,000
Hidalgo County Regional Mobility Authority, Texas, Toll and
Vehicle Registration Fee Revenue Bonds, Senior Lien Series
2022A
0
.000
12/01/47
2,365,787
39
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TEXAS
(continued)
$
7,095,000
Hidalgo County Regional Mobility Authority, Texas, Toll and
Vehicle Registration Fee Revenue Bonds, Senior Lien Series
2022A
0
.000
%
12/01/48
$
2,071,751
7,550,000
Hidalgo County Regional Mobility Authority, Texas, Toll and
Vehicle Registration Fee Revenue Bonds, Senior Lien Series
2022A
0
.000
12/01/49
2,061,367
5,140,000
Hidalgo County Regional Mobility Authority, Texas, Toll and
Vehicle Registration Fee Revenue Bonds, Senior Lien Series
2022A
0
.000
12/01/50
1,321,301
4,000,000
Hidalgo County Regional Mobility Authority, Texas, Toll and
Vehicle Registration Fee Revenue Bonds, Senior Lien Series
2022A
0
.000
12/01/51
965,768
5,000,000
Houston Higher Education Finance Corporation, Texas,
Education Revenue Bonds, KIPP, Inc., Refunding Series 2015
4
.000
08/15/44
4,787,247
15,740,000
Houston, Texas, General Obligation Bonds, Refunding Series
2024A
5
.250
03/01/49
16,791,415
4,090,000
Houston, Texas, Hotel Occupancy Tax and Special Revenue
Bonds, Convention and Entertainment Project, Series 2001B -
AMBAC Insured
0
.000
09/01/26
4,025,188
4,865,000
Houston, Texas, Hotel Occupancy Tax and Special Revenue
Bonds, Convention and Entertainment Project, Series 2001B -
AGM Insured
0
.000
09/01/27
4,651,754
4,715,000
Houston, Texas, Hotel Occupancy Tax and Special Revenue
Bonds, Refunding Series 2015
5
.000
09/01/40
4,719,713
17,000,000
(d)
Houston, Texas, Water and Sewerage System Revenue Bonds,
Refunding Junior Lien Series 2002A - AGM Insured, (ETM)
5
.750
12/01/32
20,504,550
3,440,000
Humble Independent School District, Harris County, Texas,
General Obligation Bonds, School Building Refunding Series
2025
4
.000
02/15/52
3,170,842
4,805,000
Hutto, Texas, Certificates of Obligation Bonds, Combination
Tax & Waterworks & Sewer System Revenue Series 2024 - BAM
Insured
4
.125
08/01/49
4,553,654
940,000
Kerrville Health Facilities Development Corporation, Texas,
Revenue Bonds, Sid Peterson Memorial Hospital Project, Series
2015
5
.000
08/15/30
942,467
3,505,000
Mansfield Economic Development Corporation, Tarrant,
Johnson and Ellis Counties, Texas, Sales Tax Revenue Bonds,
Series 2025 - BAM Insured
4
.000
08/01/49
3,180,809
13,000,000
Mansfield Economic Development Corporation, Texas, Sales
Tax Revenue Bonds, Tax-Exempt New Series 2025
4
.000
08/01/54
11,534,582
3,095,000
McCamey County Hospital District, Texas, General Obligation
Bonds, Series 2013
5
.750
12/01/33
3,097,472
3,125,000
McCamey County Hospital District, Texas, General Obligation
Bonds, Series 2013
6
.125
12/01/38
3,127,022
1,530,000
New Braunfels, Comal County, Texas, Utility System Revenue
Bonds, Refunding Series 2024
4
.000
07/01/55
1,372,506
645,000
New Hope Cultural Education Facilities Finance Corporation,
Texas, Retirement Facility Revenue Bonds, Bella Vida Forefront
Living Project, Series 2025A
6
.250
10/01/45
669,277
2,335,000
New Hope Cultural Education Facilities Finance Corporation,
Texas, Retirement Facility Revenue Bonds, Legacy at Willow
Bend Project, Series 2016
5
.000
11/01/46
1,944,340
6,015,000
New Hope Cultural Education Facilities Finance Corporation,
Texas, Retirement Facility Revenue Bonds, Legacy at Willow
Bend Project, Series 2016
5
.000
11/01/51
4,769,661
745,000
New Hope Cultural Education Facilities Finance Corporation,
Texas, Retirement Facility Revenue Bonds, Wesleyan Homes,
Inc. Project, Series 2014
5
.500
01/01/43
745,423
210,000
(d)
New Hope Cultural Education Facilities Finance Corporation,
Texas, Student Housing Revenue Bonds, CHF-Collegiate
Housing Corpus Christi II, L.L.C.-Texas A&M University-Corpus
Christi Project, Series 2016A, (Pre-refunded 4/01/26)
5
.000
04/01/48
210,953
Portfolio of Investments January 31, 2026
(continued)
NVG
40
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TEXAS
(continued)
$
4,530,000
New Hope Cultural Education Facilities Finance Corporation,
Texas, Student Housing Revenue Bonds, CHF-Collegiate
Housing Foundation - College Station I LLC - Texas A&M
University Project, Series 2014A - AGM Insured
4
.100
%
04/01/34
$
4,531,277
820,000
(d)
New Hope Cultural Education Facilities Finance Corporation,
Texas, Student Housing Revenue Bonds, CHF-Collegiate
Housing Foundation - San Antonio 1, L.L.C. - Texas A&M
University - San Antonio Project, Series 2016A, (Pre-refunded
4/01/26)
5
.000
04/01/48
823,721
2,590,000
(d)
North Texas Tollway Authority, Special Projects System Revenue
Bonds, Convertible Capital Appreciation Series 2011C, (Pre-
refunded 9/01/31)
7
.000
09/01/43
3,132,102
3,910,000
(d)
North Texas Tollway Authority, Special Projects System Revenue
Bonds, Convertible Capital Appreciation Series 2011C, (Pre-
refunded 9/01/31)
6
.750
09/01/45
4,768,426
2,710,000
North Texas Tollway Authority, System Revenue Bonds,
Refunding First Tier Series 2025A
5
.000
01/01/39
3,104,693
11,000,000
Northwest Independent School District, Denton, Tarrant and
Wise Counties, Texas, General Obligation Bonds, School
Building Series 2024A
5
.000
02/15/49
11,420,059
610,000
Reagan Hospital District of Reagan County, Texas, Limited Tax
Revenue Bonds, Series 2014A
5
.125
02/01/39
610,041
1,080,000
Red River Education Finance Corporation, Texas, Higher
Education Revenue Bonds, Saint Edward's University Project,
Series 2016
4
.000
06/01/41
958,730
5,000,000
San Angelo Independent School District, Tom Green County,
Texas, General Obligation Bonds, School Building Series 2025
5
.250
02/15/55
5,293,429
15,650,000
Tarrant County Cultural Education Facilities Finance
Corporation, Texas, Revenue Bonds, Christus Health, Series
2022A
4
.000
07/01/53
13,615,029
10,040,000
Tarrant County Cultural Education Facilities Finance
Corporation, Texas, Revenue Bonds, Texas Health Resources
System, Series 2016A
5
.000
02/15/47
10,073,111
3,955,000
Texas City Industrial Development Corporation, Texas,
Industrial Development Revenue Bonds, NRG Energy, inc.
Project, Fixed Rate Series 2012
4
.125
12/01/45
3,505,702
4,990,000
Texas Department of Housing and Community Affairs,
Residential Mortgage Revenue Bonds, Refunding Series 2025B
4
.900
07/01/45
5,121,276
4,025,000
(h)
Texas Department of Housing and Community Affairs,
Residential Mortgage Revenue Bonds, Refunding Series 2026A
4
.800
07/01/51
4,042,365
2,295,000
Texas Department of Housing and Community Affairs,
Residential Mortgage Revenue Bonds, Series 2024A
5
.000
01/01/49
2,356,926
2,565,000
Texas Department of Housing and Community Affairs, Single
Family Mortgage Revenue Bonds, Series 2018A
4
.250
09/01/43
2,577,288
7,155,000
Texas Department of Housing and Community Affairs, Single
Family Mortgage Revenue Bonds, Series 2021A
2
.250
09/01/46
4,904,532
6,905,000
Texas Department of Housing and Community Affairs, Single
Family Mortgage Revenue Bonds, Series 2021A
2
.350
09/01/51
4,561,099
2,415,000
Texas Department of Housing and Community Affairs, Single
Family Mortgage Revenue Bonds, Series 2023A
4
.600
09/01/43
2,457,093
3,350,000
Texas Department of Housing and Community Affairs, Single
Family Mortgage Revenue Bonds, Series 2023C
5
.125
09/01/53
3,399,459
5,250,000
(a)
Texas Municipal Gas Acquisition and Supply Corporation V,
Texas, Gas Supply Revenue Bonds, Series 2024, (Mandatory Put
1/01/34)
5
.000
01/01/55
5,683,977
3,530,000
Texas Municipal Gas Acquisition and Supply Corporation VI,
Gas Supply Revenue Bonds, Series 2025
5
.000
01/01/36
3,829,637
3,500,000
Texas Private Activity Bond Surface Transporation Corporation,
Revenue Bonds, NTE Mobility Partners LLC North Tarrant
Express Managed Lanes Project, Refunding Senior Lien Series
2019A
4
.000
12/31/38
3,506,040
2,000,000
Texas Private Activity Bond Surface Transportation Corporation,
Senior Lien Revenue Bonds, LBJ Infrastructure Group LLC IH-
635 Managed Lanes Project, Refunding  Series 2020A
4
.000
06/30/38
2,007,326
41
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TEXAS
(continued)
$
2,115,000
Texas Private Activity Bond Surface Transportation Corporation,
Senior Lien Revenue Bonds, LBJ Infrastructure Group LLC IH-
635 Managed Lanes Project, Refunding  Series 2020A
4
.000
%
12/31/38
$
2,118,574
15,000,000
Texas Transportation Finance Corporation, Toll Revenue Bonds,
SH 288 System TELA Toll Equity Loan Agreement Supported,
Refunding Subordinate Tier Series 2025A
5
.500
10/01/55
16,250,870
11,650,000
Texas Water Development Board, State Water Implementation
Revenue Fund Bonds, Master Trust Series 2024A
5
.000
10/15/45
12,470,878
11,820,000
Texas Water Development Board, State Water Implementation
Revenue Fund Bonds, Master Trust Series 2025
4
.750
10/15/55
11,861,417
TOTAL TEXAS
427,849,084
UTAH - 0.8% (0.5% of Total Investments)
510,000
(b)
Black Desert Public Infrastructure District, Utah, Limited Tax
General Obligation Bonds Series 2021A
3
.750
03/01/41
455,688
1,095,000
(b)
Black Desert Public Infrastructure District, Utah, Limited Tax
General Obligation Bonds Series 2021A
4
.000
03/01/51
879,225
5,085,000
(b)
Downtown East Streetcar Sewer Public Infrastructure District,
South Salt Lake, Salt Lake County, Utah, Limited Tax General
Obligation Bonds, Series 2022A
6
.000
03/01/53
4,988,624
500,000
(b)
Mida Cormont Public Infrastructure District, Utah, Limited Tax
General Obligation Bonds, Series 2025A-1
6
.250
06/01/55
523,553
725,000
(b)
Mida Cormont Public Infrastructure District, Utah, Limited Tax
General Obligation Bonds, Series 2025A-2
6
.750
06/01/55
618,821
3,360,000
(b)
MIDA Military Installation Development Authority Golf and
Equestrian Center Public Infrastructure District, Utah, Limited
Tax and Tax Allocation Revenue Bonds, Series 2021
4
.500
06/01/51
2,868,094
1,500,000
(b)
MIDA Mountain Village Public Infrastructure District, Utah,
Subordinate Tax Allocation Revenue Bonds, Series 2024-1
5
.125
06/15/54
1,477,307
600,000
(b)
MIDA Mountain Village Public Infrastructure District, Utah, Tax
Allocation Revenue Bonds, Series 2025-1
5
.500
06/01/50
603,997
500,000
(b)
Northwest Quadrant Public Infrastructure District, Utah, Limited
Tax General Obligation Bonds, Series 2025A
6
.125
03/01/56
502,644
500,000
(b)
Red Bridge Public Infrastructure District 1, Utah, Limited Tax
General Obligation Bonds, Series 2021A
4
.375
02/01/51
392,869
2,115,000
Utah Housing Corporation, Single Family Mortgage Bonds,
Series 2024A
4
.750
01/01/44
2,160,962
6,050,000
Utah Housing Corporation, Single Family Mortgage Bonds,
Series 2024E
4
.700
01/01/50
6,027,354
TOTAL UTAH
21,499,138
VERMONT - 0.1% (0.1% of Total Investments)
1,835,000
Vermont Economic Development Authority, Mortgage
Revenue Bonds, Wake Robin Corporation Project, Series 2021A
4
.000
05/01/45
1,564,451
1,059,000
Vermont Housing Finance Agency, Multiple Purpose Bonds,
Social Series 2023E
4
.800
11/01/43
1,088,855
TOTAL VERMONT
2,653,306
VIRGIN ISLANDS - 0.3% (0.2% of Total Investments)
2,350,000
Virgin Islands Hotel Development Financing Corporation, Hotel
Revenue Bonds Frenchmanas Reef Hotel Acquisition Project,
Senior Lien Series 2025A-1
6
.000
12/01/55
2,335,636
1,450,000
Virgin Islands Public Finance Authority, Gross Receipts Taxes
Loan Note, Refunding Series 2012A - AGM Insured
5
.000
10/01/32
1,454,787
4,715,000
(b)
West Indian Company Limited, Virgin Islands, Port Facilities
Revenue Bonds WICO Financing Series 2022A
6
.375
04/01/52
4,728,104
TOTAL VIRGIN ISLANDS
8,518,527
Portfolio of Investments January 31, 2026
(continued)
NVG
42
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
VIRGINIA - 1.7% (1.0% of Total Investments)
$
11,913,953
(a),(b)
Federal Home Loan Mortgage Corporation, Virginia,
Multifamily Variable Rate Certificates Relating to Municipal
Securities Class A Green Series 2024M-027
4
.760
%
08/25/41
$
12,231,817
2,596,234
(a)
Federal Home Loan Mortgage Corporation, Virginia,
Multifamily Variable Rate Certificates Relating to Municipal
Securities Series 2025ML-031
4
.603
06/25/42
2,617,756
7,050,000
Isle Economic Development Authority, Wight County, Virginia,
Health System Revenue Bonds, Riverside Health System Series
2023 - AGM Insured
4
.750
07/01/53
7,009,343
1,115,000
James City County Economic Development Authority, Virginia,
Residential Care Facility Revenue Bonds, Williamsburg Landing
Inc., Refunding Series 2021A
4
.000
12/01/40
1,035,713
2,690,000
James City County Economic Development Authority, Virginia,
Residential Care Facility Revenue Bonds, Williamsburg Landing
Inc., Refunding Series 2021A
4
.000
12/01/50
2,112,385
2,000,000
(b)
Peninsula Town Center Community Development Authority,
Virginia, Special Obligation Bonds, Refunding Series 2018
5
.000
09/01/45
1,983,801
1,000,000
(b)
Virginia College Building Authority, Educational Facilities
Revenue Bonds, Marymount University Project, Green Series
2015B
5
.250
07/01/35
875,101
1,000,000
Virginia Housing Development Authority, Commonwealth
Mortgage Bonds, Series 2023C
4
.700
07/01/43
1,025,010
985,000
Virginia Housing Development Authority, Commonwealth
Mortgage Bonds, Series 2023C
4
.950
01/01/54
988,565
3,005,000
Virginia Housing Development Authority, Commonwealth
Mortgage Bonds, Series 2023E-4
4
.625
07/01/50
2,985,459
790,000
Virginia Housing Development Authority, Commonwealth
Mortgage Bonds, Series 2023E-5
4
.625
07/01/50
781,932
525,000
Virginia Housing Development Authority, Commonwealth
Mortgage Bonds, Series 2023E-I
4
.600
10/01/54
512,675
1,000,000
Virginia Housing Development Authority, Commonwealth
Mortgage Bonds, Series 2024F-1
5
.050
07/01/50
1,011,597
1,125,000
Virginia Housing Development Authority, Commonwealth
Mortgage Bonds, Series 2024F-1
5
.100
07/01/55
1,137,366
1,035,000
Virginia Housing Development Authority, Commonwealth
Mortgage Bonds, Series 2024F-3
4
.950
07/01/45
1,060,120
1,500,000
Virginia Housing Development Authority, Rental Housing
Bonds, Series 2023D
4
.700
08/01/48
1,479,735
1,350,000
Virginia Housing Development Authority, Rental Housing
Bonds, Series 2024H
4
.625
12/01/49
1,347,851
1,000,000
Virginia Housing Development Authority, Rental Housing
Bonds, Series 2024H
4
.700
12/01/54
988,711
2,100,000
Virginia Housing Development Authority, Rental Housing
Bonds, Series 2025A
4
.600
09/01/50
2,051,815
2,745,000
Virginia Small Business Finance Authority, Healthcare Facilities
Revenue Bonds, Bon Secours Mercy Health, Inc., Series 2020A
4
.000
12/01/49
2,387,853
1,865,000
(b)
Virginia Small Business Finance Authority, Tourism
Development Financing Program Revenue Bonds, Downtown
Norfolk and Virginia Beach Oceanfront Hotel Projects, Series
2018A
8
.375
04/01/41
1,894,090
TOTAL VIRGINIA
47,518,695
WASHINGTON - 1.9% (1.1% of Total Investments)
3,500,000
Washington Health Care Facilities Authority, Revenue Bonds,
CommonSpirit Health, Series 2025A
5
.250
09/01/50
3,666,021
4,045,000
Washington Health Care Facilities Authority, Revenue Bonds,
Providence Health & Services, Series 2014C
5
.000
10/01/44
4,047,322
5,450,000
(b)
Washington State Housing Finance Commission, Non-
profit Housing Revenue Bonds, Presbyterian Retirement
Communities Northwest Proejct, Refunding Series 2016A
5
.000
01/01/46
5,155,531
3,650,000
(b)
Washington State Housing Finance Commission, Non-
profit Housing Revenue Bonds, Presbyterian Retirement
Communities Northwest Proejct, Refunding Series 2016A
5
.000
01/01/51
3,332,178
43
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
WASHINGTON
(continued)
$
7,443,633
Washington State Housing Finance Commission, Social
Municipal Certificates Multifamily Revenue Bonds, Series 2021-
1 Class A
3
.500
%
12/20/35
$
7,304,484
9,257,392
(a)
Washington State Housing Finance Commission, Social
Municipal Certificates Multifamily Revenue Bonds, Series
2024A-1
4
.084
03/01/50
9,125,564
21,510,000
Washington State, Motor Vehicle Fuel Tax General Obligation
Bonds, Series 2002-03C - NPFG Insured
0
.000
06/01/28
20,318,701
TOTAL WASHINGTON
52,949,801
WEST VIRGINIA - 0.6% (0.4% of Total Investments)
1,900,000
(b)
Monongalia County Commission, West Virginia, Special District
Excise Tax Revenue Bonds, University Town Centre Economic
Opportunity Development District, Refunding & Improvement
Series 2017A
5
.500
06/01/37
1,927,338
430,000
(b)
Monongalia County Commission, West Virginia, Special District
Excise Tax Revenue Bonds, University Town Centre Economic
Opportunity Development District, Refunding & Improvement
Series 2021A
4
.125
06/01/43
393,470
855,000
Ohio County Commission, West Virginia, Special District
Excise Tax Revenue Bonds, Fort Henry Economic Opportunity
Development District-the Highlands Project, Refunding &
Improvement Series 2025A
5
.500
06/01/54
903,242
1,415,000
West Virginia Hospital Finance Authority, Hospital Revenue
Bonds, Cabell Huntington Hospital, Inc. Project, Refunding &
Improvement Series 2018A
5
.000
01/01/43
1,332,856
2,750,000
(e)
West Virginia Hospital Finance Authority, Revenue Bonds, West
Virginia University Health System, Improvement Series 2023A,
(UB)
4
.250
06/01/47
2,554,324
5,000,000
(e)
West Virginia Hospital Finance Authority, Revenue Bonds, West
Virginia University Health System, Improvement Series 2023A,
(UB)
4
.375
06/01/53
4,632,535
3,000,000
West Virginia Housing Development Fund, Housing Finance
Revenue Bonds, Social Series 2023D
4
.600
11/01/43
3,058,146
2,000,000
West Virginia Housing Development Fund, Housing Finance
Revenue Bonds, Social Series 2024A
4
.550
11/01/49
1,978,987
TOTAL WEST VIRGINIA
16,780,898
WISCONSIN - 5.5% (3.2% of Total Investments)
1,750,000
(b)
Public Finance Authority of Wisconsin, Charter School Revenue
Bonds, Cornerstone Charter Academy, North Carolina, Series
2016A
5
.000
02/01/36
1,750,702
305,000
(b)
Public Finance Authority of Wisconsin, Charter School Revenue
Bonds, Cornerstone Charter Academy, North Carolina, Series
2016A
5
.125
02/01/46
298,182
1,715,000
(b)
Public Finance Authority of Wisconsin, Charter School Revenue
Bonds, Corvian Community School Bonds, North Carolina,
Series 2019A
5
.000
06/15/49
1,425,520
500,000
(b)
Public Finance Authority of Wisconsin, Charter School Revenue
Bonds, Corvian Community School, North Carolina, Series
2017A
5
.125
06/15/47
428,641
1,480,000
(b)
Public Finance Authority of Wisconsin, Charter School Revenue
Bonds, Envision Science Academy Project, Series 2016A
5
.125
05/01/36
1,480,115
1,000,000
(b)
Public Finance Authority of Wisconsin, Charter School Revenue
Bonds, Uwharrie Charter Academy, North Carolina, Series
2017A
5
.500
06/15/37
1,010,233
1,790,000
(b)
Public Finance Authority of Wisconsin, Charter School Revenue
Bonds, Uwharrie Charter Academy, North Carolina, Series
2017A
5
.625
06/15/47
1,748,700
1,500,000
(b)
Public Finance Authority of Wisconsin, Education Revenue
Bonds, Corvian Community School, North Carolina Series
2023A
6
.250
06/15/53
1,452,682
420,000
(b)
Public Finance Authority of Wisconsin, Education Revenue
Bonds, Mater Academy of Nevada, - East Las Vegas Campus
Project, Series 2024A
5
.000
12/15/44
403,552
Portfolio of Investments January 31, 2026
(continued)
NVG
44
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
WISCONSIN
(continued)
$
245,000
(b)
Public Finance Authority of Wisconsin, Education Revenue
Bonds, Mater Academy of Nevada, - East Las Vegas Campus
Project, Series 2024A
5
.000
%
12/15/54
$
224,963
13,690,000
Public Finance Authority of Wisconsin, Health Care System
Revenue Bonds, Cone Health, Series 2022A
4
.000
10/01/52
12,272,921
35,100,000
(b)
Public Finance Authority of Wisconsin, Limited Obligation
PILOT Revenue Bonds, American Dream @ Meadowlands
Project, Series 2017
7
.000
12/01/50
28,080,000
4,000,000
(b)
Public Finance Authority of Wisconsin, Revenue Anticipation
Capital Appreciation Bonds, Texas Infrastructure Authority
Program, Northspur Project, Series 2025
0
.000
12/15/32
2,619,909
1,700,000
(b),(c)
Public Finance Authority of Wisconsin, Revenue Bonds,
Alabama Proton Therapy Center, Senior Series 2017A
7
.000
10/01/47
170,000
455,000
Public Finance Authority of Wisconsin, Revenue Bonds, Prime
Healthcare Foundation, Inc., Series 2017A
5
.000
12/01/27
463,718
1,815,000
Public Finance Authority of Wisconsin, Revenue Bonds, Prime
Healthcare Foundation, Inc., Series 2017A
5
.200
12/01/37
1,859,060
75,000
(b),(d)
Public Finance Authority of Wisconsin, Revenue Bonds,
Roseman University of Health Sciences, Series 2020, (Pre-
refunded 4/01/30)
5
.000
04/01/40
82,287
1,225,000
(b)
Public Finance Authority of Wisconsin, Revenue Bonds,
Roseman University of Health Sciences, Series 2020
5
.000
04/01/40
1,237,267
245,000
(b),(d)
Public Finance Authority of Wisconsin, Revenue Bonds,
Roseman University of Health Sciences, Series 2020, (Pre-
refunded 4/01/30)
5
.000
04/01/50
268,805
4,520,000
(b)
Public Finance Authority of Wisconsin, Revenue Bonds,
Roseman University of Health Sciences, Series 2020
5
.000
04/01/50
4,195,744
5,625,000
(b)
Public Finance Authority, Wisconsin, Educational Revenue
Bonds, Lake Norman Charter School, Series 2018A
5
.000
06/15/48
5,387,136
4,300,000
Public Finance Authority, Wisconsin, Educational Revenue
Bonds, Lake Norman Charter School, Series 2024A
5
.000
06/15/64
4,026,281
2,500,000
Public Finance Authority, Wisconsin, Exempt Facilities Revenue
Bonds, Celanese Project, Refunding Series 2016C
4
.050
11/01/30
2,500,469
7,925,000
Sheboygan Area School District, Manitowoc and Sheboygan
Counties, Wisconsin, General Obligation Bonds, Promissory
Notes Series 2024
3
.500
03/01/44
7,206,863
1,300,000
Sparta Area School District, Monroe County, Wisconsin,
General Obligation Bonds, Promissory Notes Series 2024
3
.000
03/01/40
1,177,185
1,000,000
Sparta Area School District, Monroe County, Wisconsin,
General Obligation Bonds, Promissory Notes Series 2024
3
.000
03/01/41
891,431
6,640,000
West Allis-West Milwaukee, et al School District, Wisconsin,
General Obligation Bonds, Promissory Notes Series 2025
3
.000
04/01/40
6,106,479
2,405,000
Wisconsin Health and Educational Facilities Authority, Revenue
Bonds, PHW Muskego, Inc. Project, Series 2021
4
.000
10/01/51
1,767,690
3,845,000
Wisconsin Health and Educational Facilities Authority, Revenue
Bonds, PHW Muskego, Inc. Project, Series 2021
4
.000
10/01/61
2,637,376
1,450,000
(b)
Wisconsin Health and Educational Facilities Authority, Revenue
Bonds, Rocket Education Obligated Group, Series 2017C
5
.250
06/01/40
1,450,052
1,000,000
(c)
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, American Baptist Homes of the
Midwest Obligated Group, Refunding Series 2017
5
.000
08/01/37
680,124
1,000,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Dickson Hollow Project. Series
2014
5
.375
10/01/44
1,000,017
1,500,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Dickson Hollow Project. Series
2014
5
.500
10/01/49
1,486,467
3,000,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Marshfield Clinic, Series 2016A
5
.000
02/15/42
3,001,192
2,275,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Oakwood Lutheran Senior
Ministries, Series 2021
4
.000
01/01/57
1,774,843
45
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
WISCONSIN
(continued)
$
1,000,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Rogers Memorial Hospital, Inc.,
Series 2014A
5
.000
%
07/01/34
$
1,001,064
1,850,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Saint Camillus Health System Inc,
Series 2019A
5
.000
11/01/54
1,667,502
10,520,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, ThedaCare Inc, Series 2019
4
.000
12/15/49
9,379,956
2,565,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Woodland Hills Senior Housing
Project, Series 2014
5
.000
12/01/44
2,305,875
1,775,000
Wisconsin Health and Educational Facilities Authority,
Wisconsin, Revenue Bonds, Woodland Hills Senior Housing
Project, Series 2014
5
.250
12/01/49
1,586,089
7,500,000
(e)
Wisconsin Housing and Economic Development Authority,
Home Ownership Revenue Bonds, Social Series 2024A, (UB)
4
.750
09/01/50
7,494,366
18,235,000
Wisconsin Housing and Economic Development Authority,
Home Ownership Revenue Bonds, Social Series 2024C
4
.750
03/01/51
18,151,863
2,800,000
Wisconsin Housing and Economic Development Authority,
Housing Revenue Bonds, Series 2019A
3
.150
11/01/44
2,375,689
3,000,000
Wisconsin Housing and Economic Development Authority,
Housing Revenue Bonds, Series 2019A
3
.200
11/01/49
2,367,285
TOTAL WISCONSIN
148,896,295
WYOMING - 0.2% (0.1% of Total Investments)
2,600,000
Wyoming Community Development Authority, Housing
Revenue Bonds, 2023 Series 1
4
.400
12/01/43
2,607,689
3,585,000
Wyoming Community Development Authority, Housing
Revenue Bonds, 2023 Series 3
4
.700
12/01/43
3,660,529
TOTAL WYOMING
6,268,218
TOTAL MUNICIPAL BONDS
(Cost $4,681,897,647)
4,578,070,236
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
359,835
VARIABLE RATE SENIOR LOAN INTERESTS - 0.0% (0.0% of Total Investments)
359,835
CONSUMER DURABLES & APPAREL - 0.0% (0.0% of Total Investments)
359,835
(i)
Cahava Springs Advance
7
.500
12/31/26
359,835
TOTAL CONSUMER DURABLES & APPAREL
359,835
TOTAL VARIABLE RATE SENIOR LOAN INTERESTS
(Cost $359,835)
359,835
TOTAL LONG-TERM INVESTMENTS
(Cost $4,689,250,504)
4,585,466,302
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
SHORT-TERM INVESTMENTS -  2.4%(1.4% of Total Investments)
65070000
MUNICIPAL BONDS - 2.4% (1.4% of Total Investments)
65070000
NEW YORK - 1.1% (0.6% of Total Investments)
16,970,000
(j)
Long Island Power Authority, New York, Electric System General
Revenue Bonds, Series 2023D
2
.150
05/01/33
16,970,000
5,000,000
(j)
New York City Transitional Finance Authority, New York, Future
Tax Secured Bonds, Subordinate Fiscal 2019 Subseries C-4
3
.200
11/01/44
5,000,000
7,100,000
(j)
Triborough Bridge and Tunnel Authority, New York, General
Purpose Revenue Bonds, Variable Rate Demand Obligation
Series 2005B-2
2
.280
01/01/32
7,100,000
TOTAL NEW YORK
29,070,000
PENNSYLVANIA - 0.4% (0.2% of Total Investments)
11,000,000
(j)
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds,
Refunding Second Series 2025
2
.280
12/01/45
11,000,000
TOTAL PENNSYLVANIA
11,000,000
Portfolio of Investments January 31, 2026
(continued)
NVG
46
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
PRINCIPAL
DESCRIPTION
RATE
MATURITY
VALUE
TEXAS - 0.9% (0.6% of Total Investments)
$
10,000,000
(j)
Harris County Cultural Education Facilities Finance
Corporation, Texas, Revenue Bonds, Houston Methodist
Hospital System, Series 2025F
2
.250
%
12/01/60
$
10,000,000
15,000,000
(j)
Texas State, General Obligation Bonds, Transportation
Commission Mobility Fund, Series 2006B
2
.250
04/01/36
15,000,000
TOTAL TEXAS
25,000,000
TOTAL MUNICIPAL BONDS
(Cost $65,070,000)
65,070,000
TOTAL SHORT-TERM INVESTMENTS
(Cost $65,070,000)
65,070,000
TOTAL INVESTMENTS - 170.3%
(Cost $4,754,320,504)
4,650,536,302
FLOATING RATE OBLIGATIONS - (6.7)%
(
181,610,000
)
MFP SHARES, NET - (18.9)%(k)
(
516,205,875
)
VRDP SHARES, NET - (45.2)%(l)
(
1,234,253,697
)
OTHER ASSETS & LIABILITIES, NET -  0.5%
12,495,288
NET ASSETS APPLICABLE TO COMMON SHARES - 100%
$
2,730,962,018
ETM
Escrowed to maturity
IF
Inverse floating rate security issued by a tender option bond (“TOB”) trust, the interest rate on which varies inversely with the
Securities Industry Financial Markets Association (SIFMA) short-term rate, which resets weekly, or a similar short-term rate, and is
reduced by the expenses related to the TOB trust.
UB
Underlying bond of an inverse floating rate trust reflected as a financing transaction. Inverse floating rate trust is a Recourse Trust
unless otherwise noted.
(a)
Floating or variable rate security includes the reference rate and spread, when applicable.  For mortgage-backed or asset-backed
securities the variable rate is based on the underlying asset of the security. Coupon rate reflects the rate at period end.
(b)
Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are deemed liquid
and may be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.
As of the end of the fiscal period, the aggregate value of these securities is $530,220,715 or 11.4% 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)
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.
(e)
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse
floating rate transactions.
(f)
Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding.
The rate shown is the coupon as of the end of the fiscal period.
(g)
Inverse floating rate trust is a non recourse trust.
(h)
When-issued or delayed delivery security.
(i)
For fair value measurement disclosure purposes, investment classified as Level 3.
(j)
Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term
investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect as of the end of the
reporting period. This rate changes periodically based on market conditions or a specified market index.
(k)
MFP Shares, Net as a percentage of Total Investments is 11.1%.
(l)
VRDP Shares, Net as a percentage of Total Investments is 26.5%.
47
are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect management’s assumptions about
the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the
circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit
spreads, etc.).
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of
investments).
The following table summarizes the market value of the Fund's investments as of the end of the reporting period, based on the inputs used to value
them:
NVG
Level 1
Level 2
Level 3
Total
Long-Term Investments:
Mortgage-Backed Securities
$
–
$
7,036,231
$
–
$
7,036,231
Municipal Bonds
–
4,578,070,236
–
4,578,070,236
Variable Rate Senior Loan Interests
–
–
359,835
359,835
Short-Term Investments:
Municipal Bonds
–
65,070,000
–
65,070,000
Total
$
–
$
4,650,176,467
$
359,835
$
4,650,536,302