<SEC-DOCUMENT>0000818972-19-000001.txt : 20190221
<SEC-HEADER>0000818972-19-000001.hdr.sgml : 20190221
<ACCEPTANCE-DATETIME>20190221111714
ACCESSION NUMBER:		0000818972-19-000001
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20181231
FILED AS OF DATE:		20190221
DATE AS OF CHANGE:		20190221
EFFECTIVENESS DATE:		20190221

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DREYFUS STRATEGIC MUNICIPALS, INC.
		CENTRAL INDEX KEY:			0000818972
		IRS NUMBER:				133426554
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05245
		FILM NUMBER:		19620892

	BUSINESS ADDRESS:	
		STREET 1:		THE DREYFUS CORPORATION
		STREET 2:		200 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166
		BUSINESS PHONE:		2129226400

	MAIL ADDRESS:	
		STREET 1:		DREYFUS CORP
		STREET 2:		200 PARK AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DREYFUS STRATEGIC MUNICIPALS INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>lp1-853.htm
<DESCRIPTION>FORM N-Q
<TEXT>

<HTML>
<HEAD>
   <TITLE>lp1-853.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">

<A name="page_1"></A>

<a name="_bclPageBorder1"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 24pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION<BR>Washington, D.C.&nbsp; 20549</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">FORM N-Q</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT<BR>INVESTMENT COMPANY</FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 710pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="44%" colSpan=3>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Investment Company Act file number</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="56%" colSpan=4>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">811-</FONT><FONT style="FONT-SIZE: 11pt; LETTER-SPACING: -0.1pt" face="Times New Roman">05245</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="44%" colSpan=3>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="56%" colSpan=4>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="83%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Dreyfus Strategic Municipals, Inc.</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="83%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(Exact name of Registrant as specified in charter)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="83%" colSpan=5>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="83%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">c/o The Dreyfus Corporation</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">200 Park Avenue</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">New York, New York&nbsp; 10166</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="83%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(Address of principal executive offices)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Zip code)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="83%" colSpan=5>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="83%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Bennett A. MacDougall, Esq.</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">200 Park Avenue</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">New York, New York&nbsp; 10166</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="9%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="83%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(Name and address of agent for service)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="8%">

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="100%" colSpan=7>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="57%" colSpan=4>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Registrant's telephone number, including area code:&nbsp; </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="43%" colSpan=3>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">(212) 922-6400</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="60%" colSpan=5>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="40%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Date of fiscal year end:</FONT></P>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="31%" colSpan=3>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp; 09/30</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="40%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 21.5pt; PAGE-BREAK-INSIDE: avoid">

   <TD style="HEIGHT: 21.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="29%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Date of reporting period:</FONT></P></TD>

   <TD style="HEIGHT: 21.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="31%" colSpan=3>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp; 12/31/18</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="40%" colSpan=2>

   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD width="9%">&nbsp;</TD>

   <TD width="20%">&nbsp;</TD>

   <TD width="15%">&nbsp;</TD>

   <TD width="13%">&nbsp;</TD>

   <TD width="3%">&nbsp;</TD>

   <TD width="32%">&nbsp;</TD>

   <TD width="8%">&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_2"></A>

<a name="_bclPageBorder2"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">FORM N-Q</FONT></B></P>

<P style="MARGIN: 0in 0in 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Item 1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Schedule of Investments.</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_3"></A><BR>

<a name="_bclPageBorder3"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: left"><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>STATEMENT OF INVESTMENTS</FONT><BR><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>Dreyfus Strategic Municipals, Inc.</FONT><BR><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>December 31, 2018 (Unaudited)</FONT></P>

<DIV align=left>

<TABLE style="HEIGHT: 1297px; WIDTH: 859px" cellSpacing=0 border=0>



<TR>

   <TD width="38%"></TD>

   <TD width="11%"></TD>

   <TD width="14%"></TD>

   <TD width="17%"></TD>

   <TD width="4%"></TD>

   <TD width="14%"></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Coupon</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Maturity</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Principal</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Description</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Rate (%)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Date</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Amount ($)</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Value ($)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 colSpan=2 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Long-Term Municipal Investments - 158.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Alabama - 3.0%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Birmingham Special Care Facilities</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Financing Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Improvement Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Methodist Home for the Aging)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.75</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2045</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,354,200</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Birmingham Special Care Facilities</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Financing Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Improvement Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Methodist Home for the Aging)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2050</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,083,120</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Jefferson County,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Sewer Revenue Bonds Warrants</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">0/7.90</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10/1/2050</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">a</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,175,325</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Lower Alabama Gas District,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Gas Project Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">9/1/2046</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6,855,600</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">15,468,245</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Alaska - 1.5%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Northern Tobacco Securitization</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Corporation of Alaska,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tobacco Settlement Asset-Backed</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2046</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8,090,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">7,707,262</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Arizona - 3.7%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Arizona Industrial Development</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Education Revenue Bonds, Refunding</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Basis School Projects)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2051</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,380,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,362,515</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Maricopa County Industrial</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Development Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Education Revenue Bonds (Paradise</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Schools Projects)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2047</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,016,870</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Maricopa County Industrial</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Development Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Benjamin Franlin</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Charter School Ltd.)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2052</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,136,860</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Phoenix Industrial Development</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Education Facility Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(BASIS Schools Projects)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2046</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,003,280</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Phoenix Industrial Development</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Education Facility Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(BASIS Schools Projects)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2035</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,360,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,400,545</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Pima County Industrial Development</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Education Revenue Bonds (American</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Leadership Academy Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/15/2047</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,240,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,242,544</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_4"></A><BR>

<a name="_bclPageBorder4"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: left"><I><FONT size=2 face=Arial,Italic,Arial,Helvetica,sans-serif>STATEMENT OF INVESTMENTS (Unaudited) (continued)</FONT></I></P>

<DIV align=left>

<TABLE style="HEIGHT: 1293px; WIDTH: 852px" cellSpacing=0 border=0>



<TR>

   <TD width="38%"></TD>

   <TD width="11%"></TD>

   <TD width="14%"></TD>

   <TD width="17%"></TD>

   <TD width="4%"></TD>

   <TD width="13%"></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Coupon</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Maturity</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Principal</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Description</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Rate (%)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Date</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Amount ($)</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Value ($)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 colSpan=3 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Long-Term Municipal Investments - 158.6% (continued)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Arizona - 3.7% (continued)</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2018-XF2537), 12/1/37,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Salt Verde Financial Corporation,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Senior Gas Revenue Bonds) Recourse</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2032</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,030,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,619,083</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">18,781,697</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">California - 12.2%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">California,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">GO (Various Purpose)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.75</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4/1/2031</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10,800,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10,902,276</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">California,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">GO (Various Purpose)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">11/1/2035</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7,754,250</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">California,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">GO (Various Purpose)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4/1/2033</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,585,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,637,682</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">California,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">GO (Various Purpose)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4/1/2019</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,415,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,457,073</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">California Statewide Communities</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Development Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Bentley School)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2040</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,090,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,218,284</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">California Statewide Communities</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Development Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Loma Linda</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">University Medical Center) Series A</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12/1/2058</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,072,820</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">San Buenaventura,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Community</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Memorial Health System)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12/1/2041</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,188,740</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">San Francisco City and County</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Redevelopment Agency Community</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Facilities District Number 6,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Special Tax Revenue Bonds (Mission</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bay South Public Improvements)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8/1/2023</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,097,620</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0379), 7/1/43,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Los Angeles Department of Water</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">and Power, Water System Revenue</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds) Non-recourse</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2020</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,428,850</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0434), 5/15/38,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(The Regents of the University of</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">California, General Revenue Bonds)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Recourse</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5/1/2022</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10,985,075</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0440), 5/15/31,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Los Angeles Department of Airports,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Senior Revenue Bonds (Los Angeles</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">International Airport)) Recourse</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4/15/2027</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,247,500</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,461,990</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_5"></A><BR>

<a name="_bclPageBorder5"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV align=left>

<TABLE style="HEIGHT: 1392px; WIDTH: 863px" cellSpacing=0 border=0>



<TR>

   <TD width="39%"></TD>

   <TD width="12%"></TD>

   <TD width="14%"></TD>

   <TD width="17%"></TD>

   <TD width="4%"></TD>

   <TD width="13%"></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 3.96pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Coupon</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Maturity</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Principal</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Description</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Rate (%)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Date</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Amount ($)</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Value ($)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="65%" colSpan=3 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Long-Term Municipal Investments - 158.6% (continued)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">California - 12.2% (continued)</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tobacco Securitization Authority of</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Southern California,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tobacco Settlement Asset-Backed</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds (San Diego County Tobacco</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Asset Securitization Corporation)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2037</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7,300,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7,299,927</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">62,504,587</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Colorado - 4.3%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Dominion Water and Sanitation</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">District,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tap Fee Revenue Bonds</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12/1/2046</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,715,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,867,936</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0385), 3/1/38,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Board of Governors of the Colorado</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">State University, System Enterprise</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds) Non-recourse</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3/1/2020</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8,205,112</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0433), 11/15/43,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Colorado Springs, Utilities System</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Improvement Revenue Bonds)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Recourse</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">9/25/2022</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">9,752,907</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10,769,094</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">21,842,142</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Connecticut - 1.2%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Connecticut Health and Educational</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Facilities Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Trinity Health Credit</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Group)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12/1/2045</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,742,850</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Harbor Point Infrastructure</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Improvement District,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Special Obligation Revenue Bonds,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Refunding (Harbor Point Project)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4/1/2039</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,628,940</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">6,371,790</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">District of Columbia - 4.7%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">District of Columbia Tobacco</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Settlement Financing Corporation,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tobacco Settlement Asset-Backed</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">0.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/15/2046</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">14,800,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">e</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,336,032</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0437), 12/1/35,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(District of Columbia, Income Tax</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Secured Revenue Bonds) Recourse</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00&nbsp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face=Cambria>12/20/2021</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">19,992,830</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">21,802,430</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">24,138,462</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Florida - 7.6%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Cape Coral Health Facilities Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Senior Housing Revenue Bonds (Gulf</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Care, Inc. Project)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.88</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2040</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,600,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,685,872</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">City of Atlantic Beach FL,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Fleet Landing</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Project) Series A</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00&nbsp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face=Cambria>11/15/2048</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,152,460</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_6"></A><BR>

<a name="_bclPageBorder6"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: left"><I><FONT size=2 face=Arial,Italic,Arial,Helvetica,sans-serif>STATEMENT OF INVESTMENTS (Unaudited) (continued)</FONT></I></P>

<DIV align=left>

<TABLE style="HEIGHT: 1417px; WIDTH: 863px" cellSpacing=0 border=0>



<TR>

   <TD width="38%"></TD>

   <TD width="11%"></TD>

   <TD width="14%"></TD>

   <TD width="17%"></TD>

   <TD width="4%"></TD>

   <TD width="13%"></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Coupon</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Maturity</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Principal</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Description</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Rate (%)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Date</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Amount ($)</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Value ($)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 colSpan=3 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Long-Term Municipal Investments - 158.6% (continued)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Florida - 7.6% (continued)</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Clearwater,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Water and Sewer Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.25</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12/1/2019</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,157,900</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Florida Development Finance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Corporation,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Educational Facilities Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Miami Arts Charter School Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/15/2044</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,469,100</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Greater Orlando Aviation Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Airport Facilities Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.25</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10/1/2020</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8,260,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Miami-Dade County,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Subordinate Special Obligation</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">0.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10/1/2045</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">e</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">979,350</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Mid-Bay Bridge Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Springing Lien Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7.25</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10/1/2021</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6,842,040</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Saint Johns County Industrial</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Development Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Presbyterian</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Retirement Communities Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8/1/2020</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6,909,045</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Village Community Development</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">District Number 10,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Special Assessment Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5/1/2044</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,125,180</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">38,580,947</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Georgia - 5.0%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Atlanta,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Water and Wastewater Revenue</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">11/1/2019</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6,209,520</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Atlanta,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Water and Wastewater Revenue</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds (Insured; Assured Guaranty</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Municipal Corp.)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.25</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">11/1/2034</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,445,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,482,960</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Atlanta,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Water and Wastewater Revenue</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds (Insured; Assured Guaranty</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Municipal Corp.)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.25</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">11/1/2019</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,555,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,628,533</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Atlanta Development Authority Senior</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Health Care Facilities,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Georgia Proton</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Treatment Center Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1/1/2040</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,959,140</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Burke County Development Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Pollution Control Revenue Bonds,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Refunding (Oglethorpe Power Corp-</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Vogtle)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4.13</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">11/1/2045</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,400,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,363,472</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0435), 10/1/43,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Private Colleges and Universities</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority, Revenue Bonds (Emory</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">University)) Recourse</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8/20/2022</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">11,030,125</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">25,673,750</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_7"></A><BR>

<a name="_bclPageBorder7"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV align=left>

<TABLE style="HEIGHT: 1333px; WIDTH: 862px" cellSpacing=0 border=0>



<TR>

   <TD width="38%"></TD>

   <TD width="13%"></TD>

   <TD width="14%"></TD>

   <TD width="17%"></TD>

   <TD width="4%"></TD>

   <TD width="13%"></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 3.96pt" bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Coupon</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Maturity</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Principal</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Description</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Rate (%)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Date</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Amount ($)</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Value ($)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="65%" colSpan=3 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Long-Term Municipal Investments - 158.6% (continued)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Hawaii - 1.2%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Hawaii Department of Budget and</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Finance,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Special Purpose Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Hawaii Pacific Health Obligated</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Group)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.75</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2020</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,415,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,668,995</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Hawaii Department of Budget and</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Finance,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Special Purpose Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Hawaiian Electric Company)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3/1/2037</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,490,355</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">6,159,350</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Idaho - 1.0%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Power County Industrial Development</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Corporation,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">SWDR (FMC Corporation Project)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.45</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8/1/2032</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">5,018,450</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Illinois - 12.3%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Chicago,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">GO (Project and Refunding Series)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1/1/2038</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,344,100</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Chicago Board of Education,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">GO</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12/1/2036</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,033,000</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Chicago Board of Education,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">GO, Refunding, Series 2018 A</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12/1/2034</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,400,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,436,260</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Chicago Board of Education,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">GO, Series D</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12/1/2046</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,993,940</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Chicago O'Hare International Airport,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (General Airport</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Third Lien)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.63</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1/1/2035</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,015,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,074,905</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Chicago O'Hare International Airport,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (General Airport</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Third Lien)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.63</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1/1/2021</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,985,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,283,915</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Metropolitan Pier and Exposition</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Dedicated Tax Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Capital Appreciation-McCormick</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Place Expansion Project) (Insured;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">MBIA Insurance Corporation)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">0.00&nbsp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face=Cambria>12/15/2036</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">e</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,095,450</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Metropolitan Pier and Exposition</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (McCormick Place</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Expansion Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">0.00&nbsp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face=Cambria>12/15/2051</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">18,100,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">e</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,550,496</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Metropolitan Pier and Exposition</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (McCormick Place</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Expansion Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00&nbsp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face=Cambria>12/15/2028</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,106,470</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Metropolitan Pier and Exposition</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (McCormick Place</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Expansion Project)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/15/2053</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,613,925</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_8"></A><BR>

<a name="_bclPageBorder8"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: left"><I><FONT size=2 face=Arial,Italic,Arial,Helvetica,sans-serif>STATEMENT OF INVESTMENTS (Unaudited) (continued)</FONT></I></P>

<DIV align=left>

<TABLE style="HEIGHT: 1354px; WIDTH: 864px" cellSpacing=0 border=0>



<TR>

   <TD width="38%"></TD>

   <TD width="11%"></TD>

   <TD width="14%"></TD>

   <TD width="17%"></TD>

   <TD width="4%"></TD>

   <TD width="13%"></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Coupon</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Maturity</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Principal</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Description</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Rate (%)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Date</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Amount ($)</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Value ($)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 colSpan=3 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Long-Term Municipal Investments - 158.6% (continued)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Illinois - 12.3% (continued)</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Metropolitan Pier and Exposition</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (McCormick Place</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Expansion Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/15/2052</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,650,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,672,902</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Railsplitter Tobacco Settlement</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tobacco Settlement Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2021</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,050,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,534,345</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">State of Illinois,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">GO, Series A</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5/1/2038</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,900,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,043,949</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">State of Illinois,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">GO, Series C</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">11/1/2029</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,270,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,476,010</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0378), 12/1/32,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Greater Chicago Metropolitan Water</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Reclamation District, GO Capital</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Improvement Bonds) Non-recourse</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2/15/2021</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7,993,012</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2017-XM0492), 10/1/40,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Illinois Finance Authority, Revenue</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds (The University of Chicago))</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Non-recourse</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10/1/2040</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">13,369,560</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">University of Illinois Board of Trustees,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Auxiliary Facilities</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">System) Series A</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4/1/2044</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,083,210</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">62,705,449</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Indiana - .8%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Indiana Finance Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Midwestern Disaster Relief Revenue</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds (Ohio Valley Electric</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Corporation Project) Series 2012 A</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2039</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,585,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,545,343</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Indiana Finance Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Marquette Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3/1/2039</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,400,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,436,932</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Indiana Finance Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Parkview Health</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">System Group) Series A</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">11/1/2043</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,114,100</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">4,096,375</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Iowa - 1.9%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Iowa Finance Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Midwestern Disaster Area Revenue</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds (Iowa Fertilizer Company</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.25</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12/1/2025</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7,375,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7,822,589</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tobacco Settlement Authority of Iowa,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tobacco Settlement Asset-Backed</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.60</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2034</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">f</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,000,660</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">9,823,249</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_9"></A><BR>

<a name="_bclPageBorder9"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV align=left>

<TABLE style="HEIGHT: 1370px; WIDTH: 859px" cellSpacing=0 border=0>



<TR>

   <TD width="39%"></TD>

   <TD width="12%"></TD>

   <TD width="14%"></TD>

   <TD width="17%"></TD>

   <TD width="4%"></TD>

   <TD width="13%"></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 3.96pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Coupon</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Maturity</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Principal</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Description</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Rate (%)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Date</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Amount ($)</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Value ($)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="65%" colSpan=3 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Long-Term Municipal Investments - 158.6% (continued)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Kansas - .6%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Kansas Development Finance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Village Shalom</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.25&nbsp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face=Cambria>11/15/2053</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">995,170</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Kansas Development Finance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Village Shalom</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Project) Series 2018 B</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4.00&nbsp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face=Cambria>11/15/2025</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,991,600</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">2,986,770</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Louisiana - 2.9%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Louisiana Local Government</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Environmental Facilities and</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Community Development Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds, Refunding (Westlake</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Chemical Corporation Project)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">11/1/2032</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,100,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,949,154</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2018-XF2584), 7/1/47,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Louisiana Public Facilities Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Hospital Revenue Bonds (Franciscan</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Missionaries of Our Lady Health</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">System Project)) Recourse</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2025</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10,755,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">11,725,095</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">14,674,249</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Maine - .6%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Maine Health and Higher Educational</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Facilities Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Maine General</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Medical Center Issue)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2032</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">3,293,280</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Maryland - 2.6%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Maryland Health and Higher</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Educational Facilities Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Adventist</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">HealthCare Issue)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1/1/2046</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,250,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,604,217</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0391), 7/1/43,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Mayor and City Council of Baltimore,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Project Revenue Bonds (Water</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Projects)) Non-recourse</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2021</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">9,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">9,923,152</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">13,527,369</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Massachusetts - 10.2%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Massachusetts Development Finance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Agency,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds, Refunding</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(NewBridge Charles)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10/1/2057</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,011,930</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Massachusetts Health and Educational</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Facilities Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Suffolk University</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Issue)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.25</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2030</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,065,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,106,217</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_10"></A><BR>

<a name="_bclPageBorder10"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: left"><I><FONT size=2 face=Arial,Italic,Arial,Helvetica,sans-serif>STATEMENT OF INVESTMENTS (Unaudited) (continued)</FONT></I></P>

<DIV align=left>

<TABLE style="HEIGHT: 1433px; WIDTH: 866px" cellSpacing=0 border=0>



<TR>

   <TD width="39%"></TD>

   <TD width="11%"></TD>

   <TD width="14%"></TD>

   <TD width="17%"></TD>

   <TD width="4%"></TD>

   <TD width="13%"></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Coupon</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Maturity</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Principal</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Description</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Rate (%)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Date</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Amount ($)</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Value ($)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 colSpan=3 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Long-Term Municipal Investments - 158.6% (continued)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Massachusetts - 10.2% (continued)</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Massachusetts Health and Educational</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Facilities Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Suffolk University</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Issue)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.25</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2019</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,585,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,665,519</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0368), 2/1/34,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Massachusetts Development Finance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Agency, Revenue Bonds (Harvard</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">University Issue)) Non-recourse</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.25</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/18/2020</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10,691,725</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0372), 11/1/25,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Massachusetts, Consolidated Loan)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Non-recourse</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8/4/2020</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8,600,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">9,190,497</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0389), 5/15/43,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Massachusetts School Building</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority, Senior Dedicated Sales Tax</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds) Non-recourse</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5/15/2021</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10,909,400</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2018-XF0610), 6/1/47,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Massachusetts Transportation Fund,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Rail Enhancement &amp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Accelerated Bridge Programs))</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Recourse</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2025</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12,750,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">14,419,742</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">51,995,030</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Michigan - 7.1%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Detroit,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Water Supply System Senior Lien</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2031</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,160,170</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Great Lakes Water Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Sewage Disposal System Second Lien</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2036</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,342,510</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Michigan Finance Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">HR (Beaumont Health Credit Group)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">11/1/2044</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,165,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,608,777</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Michigan Finance Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Local Government Loan Program</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Detroit Water and</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Sewerage Department, Sewage</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Disposal System Revenue Senior Lien</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Local Project Bonds) (Insured;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Assured Guaranty Municipal Corp.)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2031</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,217,260</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Michigan Finance Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Local Government Loan Program</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Detroit Water and</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Sewerage Department, Water Supply</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">System Revenue Bonds Senior Lien</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Local Project Bonds) (Insured;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">National Public Finance Guarantee</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Corp.)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2036</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,171,680</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_11"></A><BR>

<a name="_bclPageBorder11"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV align=left>

<TABLE style="HEIGHT: 1321px; WIDTH: 868px" cellSpacing=0 border=0>



<TR>

   <TD width="38%"></TD>

   <TD width="12%"></TD>

   <TD width="14%"></TD>

   <TD width="17%"></TD>

   <TD width="4%"></TD>

   <TD width="14%"></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Coupon</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Maturity</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Principal</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Description</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Rate (%)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Date</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Amount ($)</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Value ($)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="64%" colSpan=3 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Long-Term Municipal Investments - 158.6% (continued)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Michigan - 7.1% (continued)</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Michigan Finance Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Local Government Loan Program</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Detroit Water and</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Sewerage Department, Water Supply</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">System Revenue Second Lien Local</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Project Bonds)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2034</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,210,840</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Michigan Hospital Finance Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">HR (Henry Ford Health System)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.63&nbsp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face=Cambria>11/15/2019</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,162,300</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Michigan Strategic Fund,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">SWDR (Genesee Power Station</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1/1/2021</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,560,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,504,784</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Michigan Tobacco Settlement Finance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tobacco Settlement Asset-Backed</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2048</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,965,360</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Michigan Tobacco Settlement Finance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tobacco Settlement Asset-Backed</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.88</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2042</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,009,700</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">36,353,381</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Minnesota - .6%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Dakota County Community</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Development Agency,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">SFMR (Mortgage-Backed Securities</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Program) (Collateralized: FHLMC,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">FNMA and GNMA)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.15</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12/1/2038</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8,754</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8,758</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Dakota County Community</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Development Agency,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">SFMR (Mortgage-Backed Securities</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Program) (Collateralized: FHLMC,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">FNMA and GNMA)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.30</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12/1/2039</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">35,413</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">35,447</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Duluth Economic Development</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds, Refunding (Essentia</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Health Group)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2/15/2058</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,222,420</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">3,266,625</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Mississippi - 2.3%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Mississippi Business Finance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Corporation,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (System Energy</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Resources, Inc. Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.88</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4/1/2022</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,720,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,731,440</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Mississippi Development Bank,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Special Obligation Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Magnolia Regional Health Center</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="38%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10/1/2031</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,760,260</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="38%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">11,491,700</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_12"></A><BR>

<a name="_bclPageBorder12"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: left"><I><FONT size=2 face=Arial,Italic,Arial,Helvetica,sans-serif>STATEMENT OF INVESTMENTS (Unaudited) (continued)</FONT></I></P>

<DIV align=left>

<TABLE style="HEIGHT: 1410px; WIDTH: 865px" cellSpacing=0 border=0>



<TR>

   <TD width="39%"></TD>

   <TD width="12%"></TD>

   <TD width="14%"></TD>

   <TD width="17%"></TD>

   <TD width="4%"></TD>

   <TD width="13%"></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Coupon</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Maturity</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Principal</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Description</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Rate (%)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Date</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Amount ($)</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Value ($)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="65%" colSpan=3 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Long-Term Municipal Investments - 158.6% (continued)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Missouri - 2.7%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Saint Louis County Industrial</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Development Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tax Increase Financing Revenue</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds (Saint Louis Innovation</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">District Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4.38</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5/15/2036</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,398,185</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Saint Louis Land Clearance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Redevelopment Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Annual Appropriation</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Redevelopment Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(National Geospatial-Intelligence</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Agency Site Improvements Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.13</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2046</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,925,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,232,172</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">St Louis County Industrial Development</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Friendship Village</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">St. Louis Obligated Group)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.25</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">9/1/2053</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,007,150</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">13,637,507</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Nevada - .6%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Reno,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Sales Tax Revenue Bonds, Refunding</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Reno Transportation Rail Access</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Project) (Insured; Assured Guaranty</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Municipal Corporation) Series 2018 A</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2058</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">3,031,770</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">New Jersey - 4.3%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Essex County Improvement Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">SWDR (Covanta Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.25</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2045</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,003,700</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">New Jersey Economic Development</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds, Refunding</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.25</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/15/2027</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,449,760</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">New Jersey Economic Development</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Special Facility Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Continental Airlines, Inc. Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.25</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">9/15/2029</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,375,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,649,995</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">New Jersey Tobacco Settlement</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Financing Corp.,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds, Refunding, Ser. B</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2046</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7,569,225</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">New Jersey Transportation Trust Fund</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Transportation Program Revenue</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds, Series AA</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.25</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/15/2033</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,628,715</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2018-XF2538), 6/15/24,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(New Jersey Economic Development</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority, Revenue Bonds) Recourse</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.25&nbsp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face=Cambria>12/15/2023</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,250,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,460,914</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">21,762,309</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">New Mexico - 1.4%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Farmington,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">PCR (Public Service Company of New</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Mexico San Juan Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.90</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2040</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">7,325,780</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_13"></A><BR>

<a name="_bclPageBorder13"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV align=left>

<TABLE style="HEIGHT: 1411px; WIDTH: 856px" cellSpacing=0 border=0>



<TR>

   <TD width="39%"></TD>

   <TD width="11%"></TD>

   <TD width="14%"></TD>

   <TD width="19%"></TD>

   <TD width="4%"></TD>

   <TD width="12%"></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 3.96pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Coupon</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Maturity</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Principal</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Description</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Rate (%)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Date</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Amount ($)</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Value ($)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="64%" colSpan=3 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Long-Term Municipal Investments - 158.6% (continued)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">New York - 12.4%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">New York City Educational</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Construction Fund,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds, Series A</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4/1/2027</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,490,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,929,032</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">New York City Industrial Development</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Agency,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">PILOT Revenue Bonds (Yankee</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Stadium Project) (Insured; Assured</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Guaranty Corp. )</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3/1/2049</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,048,750</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">New York Convention Center</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Development Corp.,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">0.00&nbsp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face=Cambria>11/15/2049</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6,885,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">e</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,949,419</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">New York Counties Tobacco Trust V,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">0.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2050</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">27,255,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">e</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,397,336</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">New York Liberty Development</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Corporation,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (3 World Trade</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Center Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00&nbsp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face=Cambria>11/15/2044</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7,192,850</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">New York Transportation Development</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Corporation,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Special Facility Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(American Airlines, Inc. John F.</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Kennedy International Airport</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Project)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8/1/2026</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">521,960</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">New York Transportation Development</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Corporation,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Special Facility Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(LaGuardia Airport Terminal B</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Redevelopment Project)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2046</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,683,435</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Niagara Area Development</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Corporation,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Solid Disposal Facility Revenue</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds, Refunding (Convanta Holding</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Project) Series 2018 A</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4.75</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">11/1/2042</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,938,820</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Port Authority of New York and New</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Jersey,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Special Project Revenue Bonds (JFK</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">International Air Terminal LLC</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Project)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12/1/2036</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,134,040</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0370), 4/1/27,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(New York City Transitional Finance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority, Future Tax Secured</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Subordinate Revenue Bonds) Non-</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">recourse</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.25</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4/5/2020</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,295,788</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0438), 11/1/27,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(New York City Transitional Finance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority, Future Tax Secured</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Subordinate Revenue Bonds)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Recourse</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">11/1/2027</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="19%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,317,450</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_14"></A><BR>

<a name="_bclPageBorder14"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: left"><I><FONT size=2 face=Arial,Italic,Arial,Helvetica,sans-serif>STATEMENT OF INVESTMENTS (Unaudited) (continued)</FONT></I></P>

<DIV align=left>

<TABLE style="HEIGHT: 1486px; WIDTH: 859px" cellSpacing=0 border=0>



<TR>

   <TD width="38%"></TD>

   <TD width="11%"></TD>

   <TD width="14%"></TD>

   <TD width="17%"></TD>

   <TD width="4%"></TD>

   <TD width="13%"></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Coupon</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Maturity</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Principal</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Description</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Rate (%)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Date</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Amount ($)</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Value ($)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 colSpan=3 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Long-Term Municipal Investments - 158.6% (continued)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">New York - 12.4% (continued)</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0445), 6/15/39,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(New York City Municipal Water</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Finance Authority, Water and Sewer</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">System General Resolution Revenue</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds) Recourse</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/15/2039</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">20,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">20,249,600</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">TSASC Inc.,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tobacco Settlement Subordinate</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2048</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,928,320</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">63,586,800</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">North Carolina - .2%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">North Carolina Medical Care</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Commission,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Health Care Facilities First Mortgage</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Pennybryn at</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Maryfield)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10/1/2035</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,005,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">1,039,894</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Ohio - 11.1%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Buckeye Tobacco Settlement Financing</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tobacco Settlement Asset-Backed</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">0.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2047</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">48,020,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">e</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,733,779</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Buckeye Tobacco Settlement Financing</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tobacco Settlement Asset-Backed</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2047</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">14,690,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">14,688,972</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Butler County,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Hospital Facilities Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(UC Health)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">11/1/2020</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,360,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,510,521</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Butler County,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Hospital Facilities Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(UC Health)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">11/1/2020</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,490,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,585,032</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Canal Winchester Local School District,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">School Facilities Construction and</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Improvement and Advance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Refunding Bonds (GO - Unlimited</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tax) (Insured; National Public</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Finance Guarantee Corp.)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">0.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12/1/2031</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,955,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">e</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,582,061</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Canal Winchester Local School District,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">School Facilities Construction and</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Improvement and Advance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Refunding Bonds (GO - Unlimited</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tax) (Insured; National Public</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Finance Guarantee Corp.)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">0.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12/1/2029</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,955,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">e</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,809,157</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Cuyahoga County Hospital,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (The Metrohealth</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">System)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2/15/2057</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,053,580</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Muskingum County,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Hospital Facilities Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Genesis HealthCare System</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Obligated Group Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2/15/2022</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,590,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,833,086</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_15"></A><BR>

<a name="_bclPageBorder15"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV align=left>

<TABLE style="HEIGHT: 1422px; WIDTH: 865px" cellSpacing=0 border=0>



<TR>

   <TD width="39%"></TD>

   <TD width="12%"></TD>

   <TD width="14%"></TD>

   <TD width="17%"></TD>

   <TD width="4%"></TD>

   <TD width="13%"></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Coupon</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Maturity</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Principal</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Description</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Rate (%)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Date</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Amount ($)</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Value ($)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="65%" colSpan=3 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Long-Term Municipal Investments - 158.6% (continued)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Ohio - 11.1% (continued)</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Ohio Air Quality Development</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Air Quality Revenue Bonds (Ohio</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Valley Electric Corporation Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.63</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10/1/2019</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,900,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,928,044</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Ohio Air Quality Development</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Pratt Paper LLC</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1/15/2048</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,250,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,268,270</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0380), 12/1/38,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Hamilton County, Sewer System</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Improvement Revenue Bonds (The</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Metropolitan Sewer District of</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Greater Cincinnati)) Non-recourse</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2033</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">17,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">18,877,650</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">56,870,152</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Oklahoma - .3%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Oklahoma Development Finance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Health System Revenue Bonds (OU</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Medicine Project) Series 2018 B</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.25</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8/15/2048</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">1,623,480</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Oregon - 1.0%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Clackmas County Hospital Facility</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds, Refunding (Senior</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Living-Willamette View Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00&nbsp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face=Cambria>11/15/2052</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,583,445</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Warm Springs Reservation</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Confederated Tribes,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Hydroelectric Revenue Bonds (Pelton</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Round Butte Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.38</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">11/1/2033</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,300,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,377,913</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">4,961,358</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Pennsylvania - 2.7%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Crawford County Hospital Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">HR (Meadville Medical Center</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2046</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,175,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,257,473</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Philadelphia,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">GO</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8/1/2020</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,550,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,808,901</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0373), 6/1/41,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Geisinger Authority, Health System</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Geisinger Health</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">System)) Non-recourse</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.13</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2035</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,185,685</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2018-XM0594), 11/1/50,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Berks County Industrial</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Development Authority, Health</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">System Revenue Bonds, Refunding</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Tower Health Project)) Recourse</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">11/1/2025</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,920,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,297,807</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">13,549,866</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_16"></A><BR>

<a name="_bclPageBorder16"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: left"><I><FONT size=2 face=Arial,Italic,Arial,Helvetica,sans-serif>STATEMENT OF INVESTMENTS (Unaudited) (continued)</FONT></I></P>

<DIV align=left>

<TABLE style="HEIGHT: 1414px; WIDTH: 862px" cellSpacing=0 border=0>



<TR>

   <TD width="39%"></TD>

   <TD width="12%"></TD>

   <TD width="14%"></TD>

   <TD width="17%"></TD>

   <TD width="4%"></TD>

   <TD width="13%"></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 3.96pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Coupon</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Maturity</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Principal</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Description</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Rate (%)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Date</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Amount ($)</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Value ($)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="65%" colSpan=3 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Long-Term Municipal Investments - 158.6% (continued)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Rhode Island - 1.0%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Rhode Island Health and Educational</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Building Corporation,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Hospital Financing Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Lifespan Obligated Group Issue)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Insured; Assured Guaranty Corp.)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5/15/2019</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">5,095,550</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">South Carolina - 5.7%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">South Carolina Jobs-Economic</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Development Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds, Refunding (ACTS</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Retirement-Life Communities Inc.)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00&nbsp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face=Cambria>11/15/2047</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,850,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,065,887</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0384), 12/1/43,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(South Carolina Public Service</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority, Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Obligations (Santee Cooper)) Non-</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">recourse</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.13</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2037</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">15,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">15,720,600</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0442), 2/1/40,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Columbia, Waterworks and Sewer</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">System Revenue Bonds) Recourse</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2/1/2040</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10,332,560</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">29,119,047</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Tennessee - 4.5%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Metropolitan Government of Nashville</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">and Davidson County Health and</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Educational Facilities Board,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (The Vanderbilt</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">University)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10/1/2019</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7,194,670</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0388), 7/1/40,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Metropolitan Government of</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Nashville and Davidson County,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Water and Sewer Revenue Bonds)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Non-recourse</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2021</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,478,138</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0446), 11/15/40,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Rutherford County Health and</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Educational Facilities Board, Revenue</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds (Ascension Health Senior</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Credit Group)) Recourse</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00&nbsp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face=Cambria>11/15/2040</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10,211,175</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">22,883,983</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Texas - 10.3%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Central Texas Regional Mobility</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Senior Lien Revenue Bonds</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1/1/2045</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,615,245</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Clifton Higher Education Finance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Corporation,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Education Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(International Leadership of Texas)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.75</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8/15/2045</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,427,415</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_17"></A><BR>

<a name="_bclPageBorder17"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV align=left>

<TABLE style="HEIGHT: 1379px; WIDTH: 860px" cellSpacing=0 border=0>



<TR>

   <TD width="39%"></TD>

   <TD width="11%"></TD>

   <TD width="14%"></TD>

   <TD width="18%"></TD>

   <TD width="4%"></TD>

   <TD width="13%"></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 3.96pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Coupon</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Maturity</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Principal</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Description</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Rate (%)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Date</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Amount ($)</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Value ($)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="64%" colSpan=3 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Long-Term Municipal Investments - 158.6% (continued)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Texas - 10.3% (continued)</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Clifton Higher Education Finance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Corporation,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Education Revenue Bonds (Uplift</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Education)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12/1/2044</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,432,750</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Clifton Higher Education Finance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Corporation,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Education Revenue Bonds (Uplift</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Education)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12/1/2020</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,689,950</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Clifton Higher Education Finance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Corporation,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (International</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Leadership) Series D</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.13</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8/15/2048</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,060,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Harris County-Houston Sports</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Senior Lien Revenue Bonds (Insured;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Assured Guaranty Municipal Corp.)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">0.00&nbsp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face=Cambria>11/15/2050</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">e</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,497,860</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Houston,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Combined Utility System First Lien</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Insured; Assured</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Guaranty Corp. )</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5/15/2019</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">295,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">299,652</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Houston,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Combined Utility System First Lien</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Insured; Assured</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Guaranty Corp. )</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5/15/2019</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,705,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,778,304</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Mission Economic Development Corp.,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds, Refunding</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Natgasoline Project)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4.63</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10/1/2031</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,528,755</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0377), 2/1/43,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(San Antonio, Electric and Gas</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Systems Junior Lien Revenue Bonds)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Non-recourse</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2/1/2021</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">16,750,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">18,078,152</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2017-XF2422), 8/15/40,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Leander Independent School</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">District, Unlimited Tax School</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Building Bonds (Permanent School</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Fund Guarantee Program)) Recourse</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8/15/2040</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8,505,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8,667,286</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Texas Private Activity Bond Surface</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Transportation Corporation,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Senior Lien Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Blueridge Transportation Group,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">State Highway 288 Toll Lanes</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00&nbsp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face=Cambria>12/31/2050</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,300,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,369,719</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">52,445,588</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">U.S. Related - 1.7%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Guam,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="11%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">LOR (Section 30)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="11%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.75</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">12/1/2019</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="18%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,072,140</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_18"></A><BR>

<a name="_bclPageBorder18"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: left"><I><FONT size=2 face=Arial,Italic,Arial,Helvetica,sans-serif>STATEMENT OF INVESTMENTS (Unaudited) (continued)</FONT></I></P>

<DIV align=left>

<TABLE style="HEIGHT: 1388px; WIDTH: 858px" cellSpacing=0 border=0>



<TR>

   <TD width="39%"></TD>

   <TD width="12%"></TD>

   <TD width="14%"></TD>

   <TD width="17%"></TD>

   <TD width="4%"></TD>

   <TD width="13%"></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD style="TEXT-INDENT: 3.96pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Coupon</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Maturity</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Principal</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Description</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Rate (%)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Date</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Amount ($)</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Value ($)</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="65%" colSpan=3 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Long-Term Municipal Investments - 158.6% (continued)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">U.S. Related - 1.7% (continued)</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Guam Housing Corporation,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">SFMR (Guaranteed Mortgage-Backed</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Securities Program) (Collateralized;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">FHLMC)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.75</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">9/1/2031</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">965,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">975,171</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Guam Waterworks Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Water and Wastewater System</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.63</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2020</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">d</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,110,780</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Puerto Rico Commonwealth,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Public Improvement GO (Insured;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Assured Guaranty Municipal Corp.)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2035</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">3,692,500</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">8,850,591</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Utah - .5%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Utah Infrastructure Agency,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Telecommunication Revenue Bonds,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Refunding (Special Limited</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Obligations)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00&nbsp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face=Cambria>10/15/2040</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,345,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">2,463,047</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Virginia - 5.2%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Chesterfield County Economic</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Development Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Retirement Facilities First Mortgage</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Brandermill Woods</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Project)</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.13</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1/1/2043</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,100,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,129,337</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2016-XM0448), 11/1/40,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Virginia Small Business Financing</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority, Health Care Facilities</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Revenue Bonds (Sentara Healthcare))</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Recourse</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">11/1/2040</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10,369,625</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2018-XM0593), 7/1/57,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Hampton Roads Transportation</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Accountability Commission, Revenue</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds) Recourse</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.50</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1/1/2026</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">8,843,644</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Virginia Small Business Financing</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Private Activity Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Transform 66 P3 Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00&nbsp;</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face=Cambria>12/31/2056</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5,316,250</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">26,658,856</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Washington - 5.2%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2017-XF2423), 1/1/29,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(King County, Server Revenue Bonds)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Recourse</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">6/1/2020</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">4,242,350</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Tender Option Bond Trust Receipts</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Series 2018-XM0680), 7/1/58,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Washington Convention Center</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Public Facilities District, Revenue</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="12%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="4%" align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 width="39%" align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Bonds) Recourse</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.52pt" bgColor=#d9d9d9 width="12%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="14%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">7/1/2026</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="17%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">17,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 width="4%" align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b,c</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 width="13%" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">18,827,585</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_19"></A><BR>

<a name="_bclPageBorder19"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV align=left>

<TABLE style="HEIGHT: 779px; WIDTH: 860px" cellSpacing=0 border=0>



<TR>

   <TD width="37%"></TD>

   <TD width="10%"></TD>

   <TD width="13%"></TD>

   <TD width="14%"></TD>

   <TD width="3%"></TD>

   <TD width="15%"></TD>

   <TD width="3%"></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Coupon</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Maturity</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Principal</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Description</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Rate (%)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Date</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Amount ($)</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Value ($)</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 colSpan=3 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Long-Term Municipal Investments - 158.6% (continued)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Washington - 5.2% (continued)</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Washington Housing Finance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Commission,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Nonprofit Housing Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Presbyterian Retirement</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Communities Northwest Projects)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1/1/2051</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,700,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,758,854</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Washington Housing Finance</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Commission,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Nonprofit Housing Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Presbyterian Retirement</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Communities Northwest Projects)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1/1/2046</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,500,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">1,557,030</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">26,385,819</FONT></B></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Wisconsin - .5%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Public Finance Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Retirement Facility Revenue Bonds</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(Southminster Inc.)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.00</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">10/1/2048</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,000,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">2,009,040</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Public Finance Authority,</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Senior Living Revenue Bonds (Mary's</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 7.199pt" bgColor=#d9d9d9 align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Woods At Marylhurst Project)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5.25</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">5/15/2047</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">750,000</FONT></TD>

   <TD bgColor=#d9d9d9 align=left><SUP><FONT size=1 face="Cambria,Times New Roman,Times,serif">b</FONT></SUP>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">776,123</FONT></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">2,785,163</FONT></B></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Total Investments </FONT></B><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(cost $775,631,634)</FONT>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">158.6</FONT></B></TD>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">810,536,719</FONT></B></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Liabilities, Less Cash and Receivables</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">(43.2</FONT></B></TD>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">%)</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">(220,605,838</FONT></B></TD>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Preferred Stock, at redemption value</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">(15.4</FONT></B></TD>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">%)</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">(78,900,000</FONT></B></TD>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#d9d9d9 colSpan=2 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">Net Assets Applicable to Common Shareholders</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">100.0</FONT></B></TD>

   <TD bgColor=#d9d9d9 align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">%</FONT></B>&nbsp;</TD>

   <TD bgColor=#d9d9d9 align=right><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">511,030,881</FONT></B></TD>

   <TD bgColor=#d9d9d9 align=left>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><I><FONT size=1 face="Garamond,Italic,Times New Roman,Times,serif">a </FONT></I><I><FONT size=1 face="Garamond,Italic,Times New Roman,Times,serif">Zero coupon until a specified date at which time the stated coupon rate becomes effective until maturity.</FONT></I><BR><I><FONT size=1 face="Garamond,Italic,Times New Roman,Times,serif">b </FONT></I><I><FONT size=1 face="Garamond,Italic,Times New Roman,Times,serif">Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in</FONT></I><BR><I><FONT size=1 face="Garamond,Italic,Times New Roman,Times,serif">transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2018, these securities were valued</FONT></I><BR><I><FONT size=1 face="Garamond,Italic,Times New Roman,Times,serif">at $385,044,669 or 75.35% of net assets.</FONT></I><BR><I><FONT size=1 face="Garamond,Italic,Times New Roman,Times,serif">c </FONT></I><I><FONT size=1 face="Garamond,Italic,Times New Roman,Times,serif">Collateral for floating rate borrowings.</FONT></I><BR><I><FONT size=1 face="Garamond,Italic,Times New Roman,Times,serif">d </FONT></I><I><FONT size=1 face="Garamond,Italic,Times New Roman,Times,serif">These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are collateralized by</FONT></I><BR><I><FONT size=1 face="Garamond,Italic,Times New Roman,Times,serif">U.S. Government securities which are held in escrow and are used to pay principal and interest on the municipal issue and to retire</FONT></I><BR><I><FONT size=1 face="Garamond,Italic,Times New Roman,Times,serif">the bonds in full at the earliest refunding date.</FONT></I><BR><I><FONT size=1 face="Garamond,Italic,Times New Roman,Times,serif">e </FONT></I><I><FONT size=1 face="Garamond,Italic,Times New Roman,Times,serif">Security issued with a zero coupon. Income is recognized through the accretion of discount.</FONT></I><BR><I><FONT size=1 face="Garamond,Italic,Times New Roman,Times,serif">f </FONT></I><I><FONT size=1 face="Garamond,Italic,Times New Roman,Times,serif">Security is a discount security. Income is recognized through the accretion of discount.</FONT></I></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_20"></A><BR>

<a name="_bclPageBorder20"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: left"><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>STATEMENT OF INVESTMENTS</FONT><BR><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>Dreyfus Strategic Municipals, Inc.</FONT><BR><FONT size=2 face=Arial,Arial,Helvetica,sans-serif>December 31, 2018 (Unaudited)</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Garamond,Times New Roman,Times,serif">The following is a summary of the inputs used as of December 31, 2018 in valuing the fund&#8217;s investments:</FONT></P>

<DIV align=left>

<TABLE style="HEIGHT: 256px; WIDTH: 857px" cellSpacing=0 border=0>



<TR>

   <TD width="26%"></TD>

   <TD width="17%"></TD>

   <TD width="16%"></TD>

   <TD width="3%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD>

   <TD width="3%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Level 2 - Other</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Level 3 -</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Level 1 -</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Significant</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Significant</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Unadjusted</FONT>&nbsp;</TD>

   <TD align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Observable</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Unobservable</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Quoted Prices</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Inputs</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Inputs</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=1 face="Cambria,Times New Roman,Times,serif">Total</FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" align=left><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">Assets ($)</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Investments in Securities:</FONT>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Municipal Bonds</FONT><SUP><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">&#8224;</FONT></SUP>&nbsp;</TD>

   <TD align=right><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">-</FONT>&nbsp;</TD>

   <TD align=right><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">810,536,719</FONT></TD>

   <TD align=left>&nbsp;</TD>

   <TD align=right><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">-</FONT>&nbsp;</TD>

   <TD align=right><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">810,536,719</FONT></B></TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 0pt" align=left><B><FONT size=1 face="Cambria,Bold,Times New Roman,Times,serif">Liabilities ($)</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">Floating Rate Notes</FONT><SUP><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">&#8224;&#8224;</FONT></SUP>&nbsp;</TD>

   <TD align=right><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">-</FONT>&nbsp;</TD>

   <TD align=right><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">(229,398,237</FONT></TD>

   <TD align=left><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">)</FONT>&nbsp;</TD>

   <TD align=right><FONT color=#141414 size=1 face="Cambria,Times New Roman,Times,serif">-</FONT>&nbsp;</TD>

   <TD align=right><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">(229,398,237</FONT></B></TD>

   <TD align=left><B><FONT color=#141414 size=1 face="Cambria,Bold,Times New Roman,Times,serif">)</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<DIV align=left>

<TABLE cellSpacing=0 border=0>



<TR>

   <TD width="2%"></TD>

   <TD width="97%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left><I><FONT size=1 face="Agency FB,Arial,Helvetica,sans-serif">&#8224;</FONT></I>&nbsp;</TD>

   <TD align=left><I><FONT size=1 face="Garamond,Italic,Times New Roman,Times,serif">See Statement of Investments for additional detailed categorizations.</FONT></I>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><I><SUP><FONT size=1 face="Agency FB,Arial,Helvetica,sans-serif">&#8224;&#8224;</FONT></SUP></I>&nbsp;</TD>

   <TD align=left><I><FONT size=1 face="Garamond,Italic,Times New Roman,Times,serif">Certain of the fund&#8217;s liabilities are held at carrying amount, which approximates fair value for financial reporting purposes.</FONT></I>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_19"></A><BR>

<a name="_bclPageBorder21"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: left"><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>NOTES</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Garamond,Times New Roman,Times,serif">The Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standards Codification is the exclusive reference of authoritative U.S. generally accepted accounting principles (&#8220;GAAP&#8221;) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (&#8220;SEC&#8221;) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund&#8217;s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Garamond,Times New Roman,Times,serif">The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Garamond,Times New Roman,Times,serif">Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Garamond,Times New Roman,Times,serif">Various inputs are used in determining the value of the fund&#8217;s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Garamond,Bold,Times New Roman,Times,serif">Level 1</FONT></B><FONT size=2 face="Garamond,Times New Roman,Times,serif">&#8212;unadjusted quoted prices in active markets for identical investments.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Garamond,Bold,Times New Roman,Times,serif">Level 2</FONT></B><FONT size=2 face="Garamond,Times New Roman,Times,serif">&#8212;other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Garamond,Bold,Times New Roman,Times,serif">Level 3</FONT></B><FONT size=2 face="Garamond,Times New Roman,Times,serif">&#8212;significant unobservable inputs (including the fund&#8217;s own assumptions in determining the fair value of investments).</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Garamond,Times New Roman,Times,serif">The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Garamond,Times New Roman,Times,serif">Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund&#8217;s investments are as follows: Investments in securities are valued each business day by an independent pricing service (the &#8220;Service&#8221;) approved by the fund's Board Members (the &#8220;Board&#8221;) Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). Other investments (which constitute a majority of the portfolio securities) are carried at</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_20"></A><BR>

<a name="_bclPageBorder22"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: left"><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>NOTES</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Garamond,Times New Roman,Times,serif">fair value as determined by the Service, based on methods which include consideration of the following: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. All of the preceding securities are generally categorized within Level 2 of the fair value hierarchy.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Garamond,Times New Roman,Times,serif">The Service is engaged under the general supervision of the Board.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Garamond,Times New Roman,Times,serif">When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Garamond,Times New Roman,Times,serif">For restricted securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=2 face="Garamond,Bold,Times New Roman,Times,serif">Inverse Floater Securities: </FONT></B><FONT size=2 face="Garamond,Times New Roman,Times,serif">The fund participates in secondary inverse floater structures in which fixed-rate, tax-exempt municipal bonds are transferred to a trust (the &#8220;Inverse Floater Trust&#8221;). The Inverse Floater Trust typically issues two variable rate securities that are collateralized by the cash flows of the fixed-rate, tax-exempt municipal bonds. One of these variable rate securities pays interest based on a short-term floating rate set by a remarketing agent at predetermined intervals (&#8220;Trust Certificates&#8221;). A residual interest tax-exempt security is also created by the Inverse Floater Trust, which is transferred to the fund, and is paid interest based on the remaining cash flows of the Inverse Floater Trust, after payment of interest on the other securities and various expenses of the Inverse Floater Trust. An Inverse Floater Trust may be collapsed without the consent of the fund due to certain termination events such as bankruptcy, default or other credit event.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Garamond,Times New Roman,Times,serif">The fund accounts for the transfer of bonds to the Inverse Floater Trust as secured borrowings, with the securities transferred remaining in the fund&#8217;s investments, and the Trust Certificates reflected as fund liabilities in the Statement of Assets and Liabilities.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Garamond,Times New Roman,Times,serif">The fund may invest in inverse floater securities on either a non-recourse or recourse basis. These securities are typically supported by a liquidity facility provided by a bank or other financial institution (the &#8220;Liquidity Provider&#8221;) that allows the holders of the Trust Certificates to tender their certificates in exchange for payment from the Liquidity Provider of par plus accrued interest on any business day prior to a termination event. When the fund invests in inverse floater securities on a non-recourse basis, the Liquidity</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<!--$$/page=--><A name="page_23"></A><BR>

<a name="_bclPageBorder23"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: left"><FONT size=3 face=Arial,Arial,Helvetica,sans-serif>NOTES</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Garamond,Times New Roman,Times,serif">Provider is required to make a payment under the liquidity facility due to a termination event to the holders of the Trust Certificates. When this occurs, the Liquidity Provider typically liquidates all or a portion of the municipal securities held in the Inverse Floater Trust. A liquidation shortfall occurs if the Trust Certificates exceed the proceeds of the sale of the bonds in the Inverse Floater Trust (&#8220;Liquidation Shortfall&#8221;). When a fund invests in inverse floater securities on a recourse basis, the fund typically enters into a reimbursement agreement with the Liquidity Provider where the fund is required to repay the Liquidity Provider the amount of any Liquidation Shortfall. As a result, a fund investing in a recourse inverse floater security bears the risk of loss with respect to any Liquidation Shortfall.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Garamond,Times New Roman,Times,serif">At December 31, 2018, accumulated net unrealized appreciation on investments was $34,905,085, consisting of $37,873,083 gross unrealized appreciation and $2,967,998 gross unrealized depreciation.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Garamond,Times New Roman,Times,serif">At December 31, 2018, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).</FONT></P>

<P style="TEXT-ALIGN: left"><FONT size=2 face="Garamond,Times New Roman,Times,serif">Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_24"></A>

<a name="_bclPageBorder24"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Item 2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Controls and Procedures.</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.&nbsp; </FONT></P>

<P style="MARGIN: 0in 0in 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Item 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_4"></A>

<a name="_bclPageBorder25"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">FORM N-Q</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 24pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">SIGNATURES<BR><BR></FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.</FONT></P>

<P style="MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Dreyfus Strategic Municipals, Inc.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">/s/ Bradley J. Skapyak</FONT></U></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bradley J. Skapyak</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Date:&nbsp;&nbsp;&nbsp; February 20, 2019</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">/s/ Bradley J. Skapyak</FONT></U></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bradley J. Skapyak</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Date:&nbsp;&nbsp;&nbsp; February 20, 2019</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">/s/ James Windels</FONT></U></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; James Windels</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Treasurer</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Date:&nbsp;&nbsp;&nbsp; February 19, 2019</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">EXHIBIT INDEX</FONT></B></P>

<P style="MARGIN: 0in 0in 12pt 0.5in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.&nbsp; (EX-99.CERT)</FONT></P></DIV>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>certification853.htm
<DESCRIPTION>CERTIFICATION
<TEXT>

<HTML>
<HEAD>
   <TITLE>certification853.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">

<A name="page_1"></A>

<a name="_bclPageBorder1"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">SECTION 302 CERTIFICATION</FONT></B></P>

<P style="MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">I, Bradley J. Skapyak, certify that:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">1.&nbsp; I have reviewed this report on Form N-Q of Dreyfus Strategic Municipals, Inc.;</FONT></P>

<P style="MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">2.&nbsp; Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</FONT></P>

<P style="MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">3.&nbsp; Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;</FONT></P>

<P style="MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">4.&nbsp; The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</FONT></P>

<P style="MARGIN-LEFT: 12pt; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</FONT></P>

<P style="MARGIN-LEFT: 12pt; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</FONT></P>

<P style="MARGIN-LEFT: 12pt; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and</FONT></P>

<P style="MARGIN-LEFT: 12pt; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; </FONT></P>

<P style="MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">5.&nbsp; The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):</FONT></P>

<P style="MARGIN-LEFT: 13.5pt; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and</FONT></P>

<P style="MARGIN: 0in 0in 0pt 13.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.</FONT></P>

<P style="MARGIN: 0in 0in 0pt 0.5in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">/s/ Bradley J. Skapyak</FONT></U></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bradley J. Skapyak</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date:&nbsp;&nbsp;&nbsp; February 20, 2019</FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_2"></A>

<a name="_bclPageBorder2"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: center; MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">SECTION 302 CERTIFICATION</FONT></B></P>

<P style="MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">I, James Windels, certify that:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">1.&nbsp; I have reviewed this report on Form N-Q of Dreyfus Strategic Municipals, Inc.;</FONT></P>

<P style="MARGIN: 0in 0in 12pt; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">2.&nbsp; Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</FONT></P>

<P style="MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">3.&nbsp; Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;</FONT></P>

<P style="MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">4.&nbsp; The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</FONT></P>

<P style="MARGIN-LEFT: 12pt; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</FONT></P>

<P style="MARGIN-LEFT: 12pt; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</FONT></P>

<P style="MARGIN-LEFT: 12pt; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and</FONT></P>

<P style="MARGIN-LEFT: 12pt; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; </FONT></P>

<P style="MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">5.&nbsp; The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):</FONT></P>

<P style="MARGIN-LEFT: 13.5pt; MARGIN-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and</FONT></P>

<P style="MARGIN: 0in 0in 0pt 13.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman">(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.</FONT></P>

<P style="MARGIN: 0in 0in 0pt 0.5in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.25in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">/s/ James Windels</FONT></U></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; James Windels</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Treasurer</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date:&nbsp;&nbsp;&nbsp; February 19, 2019</FONT></P></DIV>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
